SEC Info - Nationwide Vli Separate Account 4

SEC Info℠

Home

Help

Please Sign In

Nationwide Vli Separate Account 4 – ‘N-30D/A’ for 12/31/12

On: Wednesday, 3/27/13, at 3:47pm ET · Effective: 3/27/13 · For: 12/31/12 · Accession #: 1193125-13-129268 · File #: 811-08301

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/27/13  Nationwide Vli Separate Account 4 N-30D/A    12/31/12    1:14M                                    Donnelley … Solutions/FA
          → Nationwide Vli Separate Account-4 ⇒ 16 Classes/Contracts

Amendment to Annual or Semi-Annual Report Mailed to Shareholders — Rule 30d-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-30D/A     Nationwide Vli Separate Account 4                   HTML   9.03M

This is an HTML Document rendered as filed. [ Alternative Formats ]

Nationwide VLI Separate Account 4

NATIONWIDE

VLI SEPARATE

ACCOUNT-4

Annual Report

Contract Owners

December 31, 2012

LOGO

NATIONWIDE LIFE INSURANCE COMPANY

HOME OFFICE: COLUMBUS, OHIO

Report of Independent Registered Public Accounting Firm

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

Contract Owners of Nationwide VLI Separate Account-4:

We have audited the accompanying statement of assets, liabilities and contract owners’ equity of Nationwide VLI Separate Account-4 (comprised of the sub-accounts listed in note 1(b), (collectively, “the Accounts”)) as of December 31, 2012, and the related statements of operations for the period then ended, the statements of changes in contract owners’ equity for each of the periods in the two-year period then ended, and the financial highlights for each of the periods in the five-year period then ended. These financial statements and financial highlights are the responsibility of the Accounts’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2012, by correspondence with the transfer agents of the underlying mutual funds. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of the Accounts as of December 31, 2012, the results of their operations for the period then ended, the changes in contract owners’ equity for each of the periods in the two-year period then ended, and the financial highlights for each of the periods in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

/s/ KPMG LLP

Columbus, Ohio

March 13, 2013

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012


Assets:
Investments at fair value:

VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)
	7 shares (cost $71)	$	76
Asset Allocation Fund - Class 2 (AMVAA2)
	151,350 shares (cost $2,611,027)		2,771,215
Bond Fund - Class 2 (AMVBD2)
	20,806 shares (cost $229,241)		232,400
Global Small Capitalization Fund - Class 2 (AMVGS2)
	83,737 shares (cost $1,643,918)		1,663,014
Growth Fund - Class 2 (AMVGR2)
	296,580 shares (cost $16,816,903)		17,928,262
International Fund - Class 2 (AMVI2)
	109,956 shares (cost $1,806,432)		1,937,433
Large Cap Core V.I. Fund - Class II (MLVLC2)
	95,019 shares (cost $2,296,539)		2,428,690
Global Allocation V.I. Fund - Class II (MLVGA2)
	601,376 shares (cost $9,533,578)		9,664,118
Calvert VP SRI Equity Portfolio (CVSSE)
	11,537 shares (cost $225,605)		246,555
Value Portfolio (DAVVL)
	254,549 shares (cost $2,864,823)		2,782,215
VIP Small Cap Value Series: Service Class (DWVSVS)
	120,897 shares (cost $3,849,894)		3,994,429
Stock Index Fund, Inc. - Initial Shares (DSIF)
	8,647,801 shares (cost $239,328,200)		275,518,947
The Dreyfus Socially Responsible Growth Fund, Inc. - Initial Shares (DSRG)
	294,951 shares (cost $7,219,815)		9,804,186
Floating-Rate Income Fund (ETVFR)
	1,624,450 shares (cost $15,127,859)		15,367,300
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)
	91 shares (cost $927)		945
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)
	856,415 shares (cost $3,410,375)		3,357,145
Mid Cap Growth Portfolio - Class 1 (OGGO)
	172,752 shares (cost $2,653,655)		3,145,812
Mid Cap Value Portfolio: Class 1 (JPMMV1)
	230,842 shares (cost $1,802,680)		1,885,980
Janus Aspen Series - Balanced Portfolio - Service Shares (JABS)
	517,430 shares (cost $14,824,995)		14,705,366
Janus Aspen Series - Forty Portfolio - Service Shares (JACAS)
	1,042,726 shares (cost $33,561,019)		42,001,017
Janus Aspen Series - Global Technology Portfolio - Service Shares (JAGTS)
	1,931,329 shares (cost $9,148,505)		11,896,986
Janus Aspen Series - Overseas Portfolio - Service Shares (JAIGS)
	1,155,805 shares (cost $47,324,288)		42,799,447
Janus Aspen Series - Perkins Mid Cap Value Portfolio - Service Shares (JAMVS)
	136,662 shares (cost $2,119,857)		2,127,820
Retirement Emerging Markets Equity Portfolio - Service Shares (LZREMS)
	1,011,956 shares (cost $22,362,361)		22,485,658
Series Fund - Mid Cap Stock Fund: Class VC (LOVMCV)
	61,283 shares (cost $1,057,295)		1,106,161
Investors Growth Stock Series - Initial Class (MIGIC)
	260,719 shares (cost $2,581,237)		3,183,373
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)
	5,126 shares (cost $77,945)		80,583

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012


New Discovery Series - Service Class (MNDSC)
	44,682 shares (cost $652,777)	670,682
Research International Series - Service Class (MVRISC)
	294,363 shares (cost $3,262,868)	3,617,722
Value Series - Initial Class (MVFIC)
	580,321 shares (cost $6,880,984)	8,356,618
Value Series - Service Class (MVFSC)
	1,505,344 shares (cost $19,151,126)	21,405,990
Variable Insurance Trust II - MFS International Value Portfolio - Service Class (MVIVSC)
	2,389,462 shares (cost $36,933,235)	40,955,375
Core Plus Fixed Income Portfolio - Class I (MSVFI)
	223,280 shares (cost $2,239,198)	2,375,695
Emerging Markets Debt Portfolio - Class I (MSEM)
	4,311,119 shares (cost $35,980,674)	41,041,855
Global Real Estate Portfolio - Class II (VKVGR2)
	250,596 shares (cost $2,096,527)	2,370,639
Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio - Class I (MSVMG)
	1,046,413 shares (cost $12,204,062)	11,269,865
Universal Institutional Funds, Inc. - Growth Portfolio - Class I (MSVEG)
	70,231 shares (cost $1,584,894)	1,540,861
U.S. Real Estate Portfolio - Class I (MSVRE)
	1,566,192 shares (cost $18,606,049)	24,416,929
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)
	2,135,132 shares (cost $29,957,507)	32,582,121
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)
	307,743 shares (cost $5,062,120)	6,062,545
American Funds NVIT Bond Fund - Class II (GVABD2)
	173,803 shares (cost $1,921,642)	2,038,710
American Funds NVIT Global Growth Fund - Class II (GVAGG2)
	209,603 shares (cost $4,550,659)	4,978,079
American Funds NVIT Growth Fund - Class II (GVAGR2)
	129,011 shares (cost $6,104,535)	7,799,994
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)
	60,961 shares (cost $2,023,310)	2,521,963
Federated NVIT High Income Bond Fund - Class I (HIBF)
	3,056,169 shares (cost $20,757,480)	21,087,569
Federated NVIT High Income Bond Fund - Class III (HIBF3)
	1,590,897 shares (cost $10,865,148)	10,977,186
NVIT Emerging Markets Fund - Class I (GEM)
	985,043 shares (cost $11,422,975)	11,672,757
NVIT Emerging Markets Fund - Class III (GEM3)
	799,207 shares (cost $8,231,845)	9,454,617
NVIT International Equity Fund - Class I (GIG)
	1,153,929 shares (cost $10,196,655)	10,581,532
NVIT International Equity Fund - Class III (GIG3)
	391,628 shares (cost $3,119,178)	3,595,146
Variable Insurance Trust: NVIT International Equity Fund - Class VI (NVIE6)
	26,926 shares (cost $214,569)	246,108
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)
	1,559,639 shares (cost $12,325,184)	13,007,393
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)
	26,587 shares (cost $282,170)	291,125
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)
	248,702 shares (cost $2,132,938)	2,220,905
NVIT Cardinal Balanced Fund - Class I (NVCRB1)
	13,469,196 shares (cost $136,364,419)	145,467,312

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012


NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)
	442,699 shares (cost $4,448,054)	4,657,198
NVIT Cardinal Conservative Fund - Class I (NVCCN1)
	424,951 shares (cost $4,481,268)	4,546,979
NVIT Cardinal Moderate Fund - Class I (NVCMD1)
	523,952 shares (cost $5,363,428)	5,580,087
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)
	509,315 shares (cost $4,698,857)	5,159,363
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)
	187,345 shares (cost $1,975,007)	2,023,327
NVIT Core Bond Fund - Class I (NVCBD1)
	85,268 shares (cost $952,718)	964,379
NVIT Core Plus Bond Fund - Class I (NVLCP1)
	106,897 shares (cost $1,272,878)	1,263,522
NVIT Nationwide Fund - Class I (TRF)
	7,761,153 shares (cost $69,181,497)	79,086,151
NVIT Government Bond Fund - Class I (GBF)
	11,413,500 shares (cost $135,749,777)	132,739,002
American Century NVIT Growth Fund - Class I (CAF)
	894,862 shares (cost $10,281,368)	13,959,845
NVIT International Index Fund - Class II (GVIX2)
	915,837 shares (cost $7,391,664)	7,665,555
NVIT International Index Fund - Class VI (GVIX6)
	118,931 shares (cost $940,295)	993,077
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
	2,192,704 shares (cost $18,076,637)	21,905,109
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)
	104,484 shares (cost $1,400,299)	1,426,211
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)
	23,242 shares (cost $332,567)	350,482
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
	1,112,407 shares (cost $11,377,629)	11,569,028
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
	6,180,556 shares (cost $58,767,616)	69,593,064
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
	6,568,876 shares (cost $71,201,214)	73,308,652
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
	1,550,438 shares (cost $15,226,904)	17,039,309
NVIT Mid Cap Index Fund - Class I (MCIF)
	3,018,730 shares (cost $47,155,068)	57,446,438
NVIT Money Market Fund - Class I (SAM)
	86,128,503 shares (cost $86,128,503)	86,128,503
NVIT Money Market Fund - Class V (SAM5)
	212,093,512 shares (cost $212,093,512)	212,093,512
NVIT Multi-Manager International Growth Fund - Class III (NVMIG3)
	1,568,937 shares (cost $12,209,638)	15,783,507
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)
	69,775 shares (cost $980,020)	682,404
NVIT Multi-Manager International Value Fund - Class III (GVDIV3)
	502,790 shares (cost $5,631,955)	4,897,171
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)
	1,004,410 shares (cost $9,300,083)	10,586,485
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)
	716,600 shares (cost $6,307,596)	6,714,538
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)
	2,674,018 shares (cost $21,423,926)	28,451,550

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012


NVIT Multi-Manager Mid Cap Value Fund - Class I (NVMMV1)
	6,455 shares (cost $66,020)	66,611
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)
	999,414 shares (cost $8,741,549)	10,323,950
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)
	714,293 shares (cost $9,819,126)	12,421,553
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)
	2,781,096 shares (cost $27,732,555)	32,816,935
NVIT Multi-Manager Small Company Fund - Class I (SCF)
	2,282,446 shares (cost $32,075,913)	44,667,468
NVIT Multi-Sector Bond Fund - Class I (MSBF)
	1,429,578 shares (cost $12,414,940)	13,566,699
NVIT Short Term Bond Fund - Class I (NVSTB1)
	2,754,526 shares (cost $28,976,025)	29,087,793
NVIT Short Term Bond Fund - Class II (NVSTB2)
	218,684 shares (cost $2,285,809)	2,302,742
NVIT Large Cap Growth Fund - Class I (NVOLG1)
	6,321,099 shares (cost $95,840,349)	109,418,217
Templeton NVIT International Value Fund - Class III (NVTIV3)
	42,789 shares (cost $525,700)	522,453
Van Kampen NVIT Comstock Value Fund - Class I (EIF)
	733,505 shares (cost $7,649,113)	8,376,624
NVIT Real Estate Fund - Class I (NVRE1)
	3,355,573 shares (cost $26,100,301)	31,777,278
VPS Growth and Income Portfolio - Class A (ALVGIA)
	427,422 shares (cost $7,126,173)	8,924,570
VPS International Value Portfolio - Class A (ALVIVA)
	634,347 shares (cost $8,607,778)	8,221,132
VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)
	574,796 shares (cost $9,343,106)	10,156,651
VP Income & Growth Fund - Class I (ACVIG)
	2,445,665 shares (cost $16,258,841)	16,875,089
American Century VP Inflation Protection Fund - Class II (ACVIP2)
	3,036,582 shares (cost $33,119,786)	36,530,087
VP International Fund - Class I (ACVI)
	393,531 shares (cost $3,049,701)	3,514,232
VP Mid Cap Value Fund - Class I (ACVMV1)
	488,307 shares (cost $6,630,219)	7,119,521
VP Ultra(R) Fund - Class I (ACVU1)
	111,730 shares (cost $1,085,982)	1,206,683
VP Value Fund - Class I (ACVV)
	2,097,455 shares (cost $12,619,424)	13,675,407
VP Vista(SM) Fund - Class I (ACVVS1)
	102,565 shares (cost $1,380,417)	1,784,633
MidCap Stock Portfolio - Initial Shares (DVMCS)
	78,541 shares (cost $1,070,289)	1,231,523
Small Cap Stock Index Portfolio - Service Shares (DVSCS)
	3,517,892 shares (cost $40,835,760)	47,702,619
Appreciation Portfolio - Initial Shares (DCAP)
	867,948 shares (cost $30,016,370)	35,125,867
Opportunistic Small Cap Portfolio: Initial Shares (DSC)
	29,285 shares (cost $853,041)	927,164
International Value Portfolio - Initial Shares (DVIV)
	953,802 shares (cost $9,820,926)	9,366,331
Variable Series II - DWS Dreman Small Mid Cap Value VIP - Class B (SVSSVB)
	47,720 shares (cost $550,019)	609,856

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012


Variable Series II - DWS Large Cap Value VIP - Class B (SVSLVB)
	10,695 shares (cost $129,055)	133,265
Capital Appreciation Fund II - Primary Shares (FVCA2P)
	111,338 shares (cost $657,188)	695,864
Quality Bond Fund II - Primary Shares (FQB)
	2,566,590 shares (cost $27,850,952)	30,285,760
VIP Contrafund Portfolio - Service Class (FCS)
	2,152,957 shares (cost $48,049,302)	56,751,953
VIP Energy Portfolio - Service Class 2 (FNRS2)
	470,140 shares (cost $9,014,211)	9,144,222
VIP Equity-Income Portfolio - Service Class (FEIS)
	2,980,611 shares (cost $60,129,528)	59,224,747
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)
	201,544 shares (cost $2,067,994)	2,245,201
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)
	1,156,561 shares (cost $11,765,927)	12,941,920
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)
	520,906 shares (cost $5,458,365)	5,662,249
VIP Freedom Income Fund Portfolio - Service Class (FFINS)
	156,128 shares (cost $1,631,787)	1,651,830
VIP Growth Opportunities Portfolio - Service Class (FGOS)
	74,484 shares (cost $1,352,927)	1,620,770
VIP Growth Portfolio - Service Class (FGS)
	1,495,667 shares (cost $53,520,655)	62,743,233
VIP High Income Portfolio - Service Class (FHIS)
	2,716,441 shares (cost $14,865,050)	15,701,027
VIP High Income Portfolio - Service Class R (FHISR)
	847,714 shares (cost $4,777,085)	4,874,356
VIP Index 500 Portfolio - Initial Class (FIP)
	194,130 shares (cost $25,988,940)	28,133,321
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)
	2,573,126 shares (cost $33,607,059)	33,296,257
VIP Mid Cap Portfolio - Service Class (FMCS)
	1,362,017 shares (cost $35,877,770)	41,391,691
VIP Overseas Portfolio - Service Class (FOS)
	825,527 shares (cost $11,486,791)	13,224,950
VIP Overseas Portfolio - Service Class R (FOSR)
	667,054 shares (cost $10,769,361)	10,672,870
VIP Value Strategies Portfolio - Service Class (FVSS)
	369,498 shares (cost $2,970,403)	4,094,038
VIP Fidelity VIP Freedom Fund 2015 Portfolio - Service Class (FF15S)
	405,551 shares (cost $4,425,358)	4,546,228
VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class (FF25S)
	601,045 shares (cost $6,447,583)	6,719,679
VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class (FF40S)
	207,407 shares (cost $3,037,675)	3,115,253
Franklin Income Securities Fund - Class 2 (FTVIS2)
	380,242 shares (cost $5,389,274)	5,730,246
Franklin Rising Dividends Securities Fund - Class 1 (FTVRDI)
	631,338 shares (cost $11,759,328)	13,908,382
Franklin Small Cap Value Securities Fund - Class 1 (FTVSVI)
	518,856 shares (cost $7,326,853)	9,640,345
Franklin Small Cap Value Securities Fund - Class 2 (FTVSV2)
	358,741 shares (cost $5,637,429)	6,539,851
Mutual Global Discovery Securities Fund - Class 2 (FTVMD2)
	7,347 shares (cost $149,497)	148,273

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012


Templeton Developing Markets Securities Fund - Class 3 (FTVDM3)
	405,345 shares (cost $4,027,296)	4,227,752
Templeton Foreign Securities Fund - Class 1 (TIF)
	93,059 shares (cost $1,369,576)	1,361,450
Templeton Foreign Securities Fund - Class 2 (TIF2)
	918,535 shares (cost $12,154,621)	13,199,342
Templeton Foreign Securities Fund - Class 3 (TIF3)
	379,266 shares (cost $4,877,216)	5,431,090
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)
	2,021,595 shares (cost $38,624,611)	39,360,451
Templeton Global Bond Securities Fund - Class 3 (FTVGI3)
	633,801 shares (cost $11,746,958)	12,346,448
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)
	45,120 shares (cost $337,942)	383,973
Mid Cap Value- Institutional Shares (GVMCE)
	2,951,348 shares (cost $34,137,442)	45,244,169
VIT Growth Opportunities Fund - Service Shares (GVGOPS)
	7,204 shares (cost $51,980)	49,926
ClearBridge Variable Small Cap Growth Portfolio - Class I (SBVSG)
	120,754 shares (cost $2,070,929)	2,120,442
Growth Opportunities Funds - Service Class (BNCAI)
	289,043 shares (cost $8,483,524)	10,140,800
Advisers Management Trust - Short Duration Bond Portfolio - I Class Shares (AMTB)
	333,597 shares (cost $3,740,035)	3,652,889
Guardian Portfolio - I Class Shares (AMGP)
	39,746 shares (cost $761,431)	810,819
Mid-Cap Growth Portfolio - I Class Shares (AMCG)
	99,231 shares (cost $2,521,379)	3,073,189
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)
	199,711 shares (cost $2,125,972)	2,316,652
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class I (AMRI)
	356,339 shares (cost $4,710,807)	4,308,135
Small-Cap Growth Portfolio - S Class Shares (AMFAS)
	126,404 shares (cost $1,504,765)	1,668,537
Socially Responsive Portfolio - I Class Shares (AMSRS)
	148,334 shares (cost $1,854,164)	2,357,029
Capital Appreciation Fund/VA - Non-Service Shares (OVGR)
	396,128 shares (cost $15,316,652)	17,849,541
Global Securities Fund/VA - Class 3 (OVGS3)
	475,134 shares (cost $13,410,795)	15,570,141
Global Securities Fund/VA - Non-Service Shares (OVGS)
	1,420,040 shares (cost $36,788,581)	46,222,303
Main Street Fund(R)/VA - Non-Service Shares (OVGI)
	1,091,933 shares (cost $22,804,800)	26,173,627
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)
	218,201 shares (cost $3,116,924)	4,394,560
Mid-Cap Growth Fund/VA - Non-Service Shares (OVAG)
	423,095 shares (cost $19,110,593)	23,185,618
Global Strategic Income Fund/VA: Non-service Shares (OVSB)
	329,233 shares (cost $1,833,849)	1,866,749
All Asset Portfolio - Administrative Class (PMVAAA)
	2,249,748 shares (cost $24,827,057)	25,602,131
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)
	180,170 shares (cost $2,170,100)	2,127,813
Long-Term U.S. Government Portfolio - Administrative Class (PMVLGA)
	33,369 shares (cost $450,318)	412,110

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012


Low Duration Portfolio - Administrative Class (PMVLDA)
	4,745,323 shares (cost $49,973,460)	51,154,581
Real Return Portfolio - Administrative Class (PMVRRA)
	8,178,747 shares (cost $112,288,536)	116,547,143
Total Return Portfolio - Administrative Class (PMVTRA)
	37,625,916 shares (cost $425,533,934)	434,579,332
Pioneer Emerging Markets VCT Portfolio - Class I Shares (PIVEMI)
	60,782 shares (cost $1,558,120)	1,577,299
Pioneer High Yield VCT Portfolio - Class I Shares (PIHYB1)
	724,143 shares (cost $7,484,361)	7,581,776
Putnam VT Growth and Income Fund - Class IB (PVGIB)
	42,802 shares (cost $638,285)	767,438
Putnam VT International Equity Fund - Class IB (PVTIGB)
	84,237 shares (cost $868,057)	954,400
Putnam VT Small Cap Value Fund - Class IB (PVTSCB)
	194 shares (cost $2,660)	2,961
Putnam VT Voyager Fund - Class IB (PVTVB)
	31,461 shares (cost $1,141,046)	1,137,941
Van Kampen V.I. Growth and Income Fund - Series I Shares (ACGI)
	175,959 shares (cost $3,338,015)	3,531,494
Van Kampen V.I. American Franchise Fund: Series I Shares (ACEG)
	22,120 shares (cost $820,437)	802,505
Van Kampen V.I. Value Opportunities Fund: Series I Shares (AVBVI)
	97,343 shares (cost $603,656)	691,133
V.I. High Yield Fund - Series I (AVHY1)
	1,762,697 shares (cost $9,312,594)	9,888,731
V.I. International Growth Fund - Series I (AVIE)
	1,408,721 shares (cost $39,307,541)	42,303,905
Variable Insurance Funds - Invesco V.I. Mid Cap Core Equity - Series I Shares (AVMCCI)
	77,225 shares (cost $925,234)	981,533
Micro-Cap Portfolio - Investment Class (ROCMC)
	3,634,400 shares (cost $41,293,010)	39,796,677
Small-Cap Portfolio - Investment Class (ROCSC)
	215,655 shares (cost $2,367,074)	2,378,678
Equity Income Portfolio - II (TREI2)
	2,389,828 shares (cost $46,883,217)	53,101,970
Health Sciences Portfolio - II (TRHS2)
	514,514 shares (cost $9,472,639)	10,624,720
Limited-Term Bond Portfolio (TRLT1)
	478,443 shares (cost $2,390,973)	2,382,647
Mid-Cap Growth Portfolio - II (TRMCG2)
	1,104,197 shares (cost $25,842,551)	23,729,188
New America Growth Portfolio (TRNAG1)
	1,519,146 shares (cost $33,839,471)	34,439,046
Personal Strategy Balanced Portfolio (TRPSB1)
	204,032 shares (cost $3,877,368)	3,988,832
Blue Chip Growth Portfolio (TRBCGP)
	5,950 shares (cost $80,101)	80,032
VIP Trust - Emerging Markets Fund: Initial Class (VWEM)
	1,166,598 shares (cost $13,706,063)	15,749,073
VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)
	1,470,214 shares (cost $49,359,536)	42,827,331
Vanguard(R) Variable Insurance Funds - Balanced Portfolio (VVB)
	220,210 shares (cost $4,265,188)	4,558,350
Vanguard(R) Variable Insurance Funds - Diversified Value Portfolio (VVDV)
	948,712 shares (cost $12,580,363)	13,576,068

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2012


Vanguard(R) Variable Insurance Funds - International Portfolio (VVI)
	241,872 shares (cost $4,245,930)		4,438,343
Vanguard(R) Variable Insurance Funds - Mid-Cap Index Portfolio (VVMCI)
	580,637 shares (cost $8,604,930)		9,365,681
Vanguard(R) Variable Insurance Funds - REIT Index Portfolio (VVREI)
	152,641 shares (cost $1,633,714)		1,850,006
Vanguard(R) Variable Insurance Funds - Short-Term Investment-Grade Portfolio (VVSTC)
	547,392 shares (cost $5,890,929)		5,961,100
Vanguard(R) Variable Insurance Funds - Total Bond Market Index Portfolio (VVHGB)
	586,591 shares (cost $7,111,419)		7,308,924
Variable Insurance Portfolios - Asset Strategy (WRASP)
	1,346,855 shares (cost $13,473,427)		14,446,236
Variable Insurance Portfolios - Growth (WRGP)
	196,070 shares (cost $2,058,018)		2,083,502
Variable Insurance Portfolios - High Income (WRHIP)
	3,423,683 shares (cost $12,668,024)		12,993,218
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)
	64,650 shares (cost $531,698)		551,947
Variable Insurance Portfolios - Real Estate Securities (WRRESP)
	330,902 shares (cost $2,329,527)		2,612,170
Variable Insurance Portfolios - Science and Technology (WRSTP)
	265,982 shares (cost $4,538,659)		4,815,260
Advantage VT Discovery Fund (SVDF)
	380,411 shares (cost $7,899,515)		9,571,146
Advantage VT Opportunity Fund - Class 2 (SVOF)
	408,466 shares (cost $7,642,765)		8,189,751
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)
	1,006,091 shares (cost $8,130,223)		7,927,998

Total Investments		$	4,082,802,095

Accounts Receivable-Van Kampen V.I. American Franchise Fund: Series I Shares (ACEG)			1,778
Accounts Receivable-VP International Fund - Class I (ACVI)			9,322
Accounts Receivable-VIP Contrafund Portfolio - Service Class (FCS)			119,573
Accounts Receivable-VIP Growth Opportunities Portfolio - Service Class (FGOS)			77,152
Accounts Receivable-VIP Growth Portfolio - Service Class (FGS)			74,836
Accounts Receivable-Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)			4
Accounts Receivable-Mid-Cap Growth Fund/VA - Non-Service Shares (OVAG)			53,658
Accounts Receivable-Capital Appreciation Fund/VA - Non-Service Shares (OVGR)			17,935
Accounts Receivable-Pioneer High Yield VCT Portfolio - Class I Shares (PIHYB1)			51,549
Accounts Receivable-Putnam VT Small Cap Value Fund - Class IB (PVTSCB)			3

Other Accounts Payable			(3,430	)
Accounts Payable-VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)			(4	)
Accounts Payable-Long-Term U.S. Government Portfolio - Administrative Class (PMVLGA)			(922	)
Accounts Payable-NVIT Money Market Fund - Class I (SAM)			(161,238	)

		$	4,083,042,311

Contract Owners’ Equity:
Accumulation units			4,083,042,311

Total Contract Owners’ Equity (note 8)		$	4,083,042,311

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		Total			ALVDAA			AMVAA2			AMVBD2			AMVGS2			AMVGR2			AMVI2			MLVLC2
Reinvested dividends	$		64,962,114			-			49,052			5,787			20,811			140,136			27,322			31,855
Asset charges (note 3)			(5,006,857	)		-			(4,359	)		(164	)		(3,160	)		(38,907	)		(3,155	)		(4,790	)

Net investment income (loss)			59,955,257			-			44,693			5,623			17,651			101,229			24,167			27,065

Realized gain (loss) on investments			62,348,520			-			196,438			11,239			30,252			2,757			17,998			107,107
Change in unrealized gain (loss) on investments			255,631,786			5			48,537			400			226,845			2,564,170			140,006			125,294

Net gain (loss) on investments			317,980,306			5			244,975			11,639			257,097			2,566,927			158,004			232,401

Reinvested capital gains			79,135,294			-			-			-			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$		457,070,857			5			289,668			17,262			274,748			2,668,156			182,171			259,466


Investment Activity:		MLVGA2			CVSSE			DAVVL			DWVSVS			DSIF			DSRG			ETVFR			GVGMNS
Reinvested dividends	$		139,257			243			45,586			4,664			5,550,366			80,490			329,051			-
Asset charges (note 3)			-			(514	)		(3,088	)		(5,388	)		(379,437	)		(885	)		(7,849	)		-

Net investment income (loss)			139,257			(271	)		42,498			(724	)		5,170,929			79,605			321,202			-

Realized gain (loss) on investments			94,583			49,203			17,073			5,345			(8,310,492	)		386,520			3,941			-
Change in unrealized gain (loss) on investments			599,858			(12,036	)		81,193			144,347			28,300,455			654,218			239,440			18

Net gain (loss) on investments			694,441			37,167			98,266			149,692			19,989,963			1,040,738			243,381			18

Reinvested capital gains			28,359			8,138			167,142			92,551			13,113,026			-			6			1

Net increase (decrease) in contract owners’ equity resulting from operations	$		862,057			45,034			307,906			241,519			38,273,918			1,120,343			564,589			19

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		IVKMG1		OGGO		JPMMV1		JABS		JACAS		JAGTS		JAIGS		JAMVS
Reinvested dividends	$		-		-		1,407		351,401		248,240		-		279,631		15,977
Asset charges (note 3)			(1,723)		(6,245)		(855)		(19,434)		(42,139)		(6,266)		(41,677)		(4,127)

Net investment income (loss)			(1,723)		(6,245)		552		331,967		206,101		(6,266)		237,954		11,850

Realized gain (loss) on investments			(43,000)		464,262		10,388		18,628		(425,310)		525,046		1,193,655		(8,679)
Change in unrealized gain (loss) on investments			(53,230)		(9,604)		37,721		206,583		9,731,923		1,221,256		(1,994,975)		70,792

Net gain (loss) on investments			(96,230)		454,658		48,109		225,211		9,306,613		1,746,302		(801,320)		62,113

Reinvested capital gains			1,052		34,768		-		923,173		-		-		5,115,505		105,466

Net increase (decrease) in contract owners’ equity resulting from operations	$		(96,901)		483,181		48,661		1,480,351		9,512,714		1,740,036		4,552,139		179,429


Investment Activity:		LZREMS		LOVMCV		MIGIC		MNDIC		MNDSC		MVRISC		MVFIC		MVFSC
Reinvested dividends	$		347,564		7,198		14,769		-		-		61,173		140,781		322,345
Asset charges (note 3)			(43,627)		(1,634)		-		-		(310)		(5,589)		-		(50,469)

Net investment income (loss)			303,937		5,564		14,769		-		(310)		55,584		140,781		271,876

Realized gain (loss) on investments			(253,246)		40,967		50,807		(122)		(191)		44,439		16,085		768,500
Change in unrealized gain (loss) on investments			3,528,565		77,680		285,536		2,638		17,905		347,214		1,003,415		1,963,294

Net gain (loss) on investments			3,275,319		118,647		336,343		2,516		17,714		391,653		1,019,500		2,731,794

Reinvested capital gains			252,336		-		153,989		728		-		-		65,262		171,373

Net increase (decrease) in contract owners’ equity resulting from operations	$		3,831,592		124,211		505,101		3,244		17,404		447,237		1,225,543		3,175,043

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		MVIVSC		MSVFI		MSEM		VKVGR2		MSVMG		MSVEG		MSVRE		NVAMV1
Reinvested dividends	$		572,004		110,066		1,093,648		8,871		-		-		210,358		318,235
Asset charges (note 3)			(80,828)		-		(39,028)		(3,375)		(27,293)		(3,441)		(53,683)		-

Net investment income (loss)			491,176		110,066		1,054,620		5,496		(27,293)		(3,441)		156,675		318,235

Realized gain (loss) on investments			1,148,239		(52,242)		474,725		20,627		854,664		(8,947)		3,025,611		297,092
Change in unrealized gain (loss) on investments			3,607,201		160,775		4,721,664		375,598		(1,344,140)		55,189		417,183		2,526,918

Net gain (loss) on investments			4,755,440		108,533		5,196,389		396,225		(489,476)		46,242		3,442,794		2,824,010

Reinvested capital gains			-		-		-		-		1,466,688		72,022		-		1,313,345

Net increase (decrease) in contract owners’ equity resulting from operations	$		5,246,616		218,599		6,251,009		401,721		949,919		114,823		3,599,469		4,455,590


Investment Activity:		GVAAA2		GVABD2		GVAGG2		GVAGR2		GVAGI2		HIBF		HIBF3		GEM
Reinvested dividends	$		75,662		44,860		43,219		16,709		25,480		1,736,275		871,040		57,426
Asset charges (note 3)			-		-		-		-		-		(39,450)		-		(19,101)

Net investment income (loss)			75,662		44,860		43,219		16,709		25,480		1,696,825		871,040		38,325

Realized gain (loss) on investments			(41,946)		105,267		234,101		(238,967)		160,270		781,252		204,580		417,514
Change in unrealized gain (loss) on investments			773,860		(50,724)		697,124		1,503,853		199,394		327,531		337,747		1,303,179

Net gain (loss) on investments			731,914		54,543		931,225		1,264,886		359,664		1,108,783		542,327		1,720,693

Reinvested capital gains			-		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		807,576		99,403		974,444		1,281,595		385,144		2,805,608		1,413,367		1,759,018

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		GEM3		GIG		GIG3		NVIE6		NVNMO1		NVNSR1		NVCRA1		NVCRB1
Reinvested dividends	$		45,610		89,270		29,898		1,461		184,009		3,437		21,713		2,214,645
Asset charges (note 3)			-		(10,068)		-		-		-		-		(9)		(137,253)

Net investment income (loss)			45,610		79,202		29,898		1,461		184,009		3,437		21,704		2,077,392

Realized gain (loss) on investments			(1,488,062)		(274,050)		203,195		21,853		121,570		(19,163)		8,847		139,460
Change in unrealized gain (loss) on investments			3,137,226		1,624,478		297,562		18,427		765,221		66,874		186,533		10,670,271

Net gain (loss) on investments			1,649,164		1,350,428		500,757		40,280		886,791		47,711		195,380		10,809,731

Reinvested capital gains			-		-		-		-		906,240		-		78,619		1,732,498

Net increase (decrease) in contract owners’ equity resulting from operations	$		1,694,774		1,429,630		530,655		41,741		1,977,040		51,148		295,703		14,619,621


Investment Activity:		NVCCA1		NVCCN1		NVCMD1		NVCMA1		NVCMC1		NVCBD1		NVLCP1		TRF
Reinvested dividends	$		61,958		78,886		82,677		64,191		32,640		28,512		29,072		1,112,816
Asset charges (note 3)			-		(8)		-		(1)		(354)		-		-		(49,391)

Net investment income (loss)			61,958		78,878		82,677		64,190		32,286		28,512		29,072		1,063,425

Realized gain (loss) on investments			45,419		68,960		187,773		160,406		44,254		31,232		30,973		(2,231,546)
Change in unrealized gain (loss) on investments			350,506		60,798		263,737		323,576		46,209		6,486		(16,928)		11,979,240

Net gain (loss) on investments			395,925		129,758		451,510		483,982		90,463		37,718		14,045		9,747,694

Reinvested capital gains			58,676		57,577		91,788		126,838		32,698		5,677		23,769		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		516,559		266,213		625,975		675,010		155,447		71,907		66,886		10,811,119

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		GBF		CAF		GVIX2		GVIX6		GVIDA		NVDBL2		NVDCA2		GVIDC
Reinvested dividends	$		2,980,397		77,725		177,803		23,933		328,218		23,788		5,903		199,881
Asset charges (note 3)			(199,326)		(1,687)		(15,737)		-		(9,017)		-		-		(6,911)

Net investment income (loss)			2,781,071		76,038		162,066		23,933		319,201		23,788		5,903		192,970

Realized gain (loss) on investments			535,686		578,688		(75,071)		(6,975)		(730,441)		4,955		4,896		328,956
Change in unrealized gain (loss) on investments			(3,875,782)		1,108,487		1,084,277		139,722		3,872,789		28,356		22,513		(85,405)

Net gain (loss) on investments			(3,340,096)		1,687,175		1,009,206		132,747		3,142,348		33,311		27,409		243,551

Reinvested capital gains			4,319,147		-		-		-		-		15,045		3,931		157,485

Net increase (decrease) in contract owners’ equity resulting from operations	$		3,760,122		1,763,213		1,171,272		156,680		3,461,549		72,144		37,243		594,006


Investment Activity:		GVIDM		GVDMA		GVDMC		MCIF		SAM		SAM5		NVMIG3		GVDIVI
Reinvested dividends	$		1,147,022		1,172,771		289,570		611,573		-		-		91,269		2,556
Asset charges (note 3)			(24,505)		(12,136)		(4,200)		(68,480)		(17,194)		(444,932)		-		-

Net investment income (loss)			1,122,517		1,160,635		285,370		543,093		(17,194)		(444,932)		91,269		2,556

Realized gain (loss) on investments			(1,819,431)		(1,452,859)		(93,047)		594,311		13,908		-		405,624		(38,887)
Change in unrealized gain (loss) on investments			8,118,855		9,550,803		990,611		3,940,213		-		-		1,782,193		139,565

Net gain (loss) on investments			6,299,424		8,097,944		897,564		4,534,524		13,908		-		2,187,817		100,678

Reinvested capital gains			-		-		66,877		3,855,772		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		7,421,941		9,258,579		1,249,811		8,933,389		(3,286)		(444,932)		2,279,086		103,234

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		GVDIV3		NVMLG1		NVMLV1		NVMMG1		NVMMV1		NVMMV2		SCGF		SCVF
Reinvested dividends	$		18,409		52,129		88,930		-		901		113,964		-		271,407
Asset charges (note 3)			-		(3,313)		(1,553)		(223)		(142)		-		(6,615)		(15,958)

Net investment income (loss)			18,409		48,816		87,377		(223)		759		113,964		(6,615)		255,449

Realized gain (loss) on investments			(700,455)		398,612		872		2,059,130		1,533		237,316		140,615		(1,082,954)
Change in unrealized gain (loss) on investments			1,436,460		1,008,694		1,005,770		(479,350)		1,733		199,907		1,458,637		6,911,347

Net gain (loss) on investments			736,005		1,407,306		1,006,642		1,579,780		3,266		437,223		1,599,252		5,828,393

Reinvested capital gains			-		271,688		-		2,673,054		6,180		978,126		-		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		754,414		1,727,810		1,094,019		4,252,611		10,205		1,529,313		1,592,637		6,083,842


Investment Activity:		SCF		MSBF		NVSTB1		NVSTB2		NVOLG1		NVTIV3		EIF		NVRE1
Reinvested dividends	$		68,919		336,560		476,017		30,942		777,344		11,649		102,685		339,908
Asset charges (note 3)			(46,696)		(4,006)		(25,714)		-		-		-		(621)		(12,158)

Net investment income (loss)			22,223		332,554		450,303		30,942		777,344		11,649		102,064		327,750

Realized gain (loss) on investments			1,862,818		317,400		15,785		20,382		1,256,903		(19,898)		(307,480)		2,183,109
Change in unrealized gain (loss) on investments			4,712,844		921,942		124,608		30,852		16,746,416		85,641		1,671,344		(791,271)

Net gain (loss) on investments			6,575,662		1,239,342		140,393		51,234		18,003,319		65,743		1,363,864		1,391,838

Reinvested capital gains			-		-		-		-		-		7,155		-		3,012,141

Net increase (decrease) in contract owners’ equity resulting from operations	$		6,597,885		1,571,896		590,696		82,176		18,780,663		84,547		1,465,928		4,731,729

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		ALVGIA		ALVIVA		ALVSVA		ACVIG		ACVIP2		ACVI		ACVMV1		ACVU1
Reinvested dividends	$		130,739		130,946		59,554		352,389		867,407		36,710		132,368		-
Asset charges (note 3)			(11,073)		(17,960)		(10,377)		(6,898)		-		(7,597)		(5,126)		(1,920)

Net investment income (loss)			119,666		112,986		49,177		345,491		867,407		29,113		127,242		(1,920)

Realized gain (loss) on investments			506,735		(1,259,367)		1,442,292		(221,743)		479,678		47,633		100,040		242,407
Change in unrealized gain (loss) on investments			653,369		2,127,025		(38,853)		2,174,954		352,341		584,636		391,069		(65,952)

Net gain (loss) on investments			1,160,104		867,658		1,403,439		1,953,211		832,019		632,269		491,109		176,455

Reinvested capital gains			-		-		347,078		-		796,891		-		336,528		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		1,279,770		980,644		1,799,694		2,298,702		2,496,317		661,382		954,879		174,535


Investment Activity:		ACVV		ACVVS1		DVMCS		DVSCS		DCAP		DSC		DVIV		SVSSVB
Reinvested dividends	$		288,231		-		5,842		195,041		1,306,122		-		447,357		15,208
Asset charges (note 3)			(28,640)		(3,097)		(1,775)		(74,469)		(35,179)		-		(25,677)		(2,556)

Net investment income (loss)			259,591		(3,097)		4,067		120,572		1,270,943		-		421,680		12,652

Realized gain (loss) on investments			1,300,226		176,768		43,980		3,924,504		(249,360)		29,761		49,247		77,184
Change in unrealized gain (loss) on investments			339,426		95,028		159,764		643,966		2,297,566		135,199		605,310		7,784

Net gain (loss) on investments			1,639,652		271,796		203,744		4,568,470		2,048,206		164,960		654,557		84,968

Reinvested capital gains			-		-		-		1,513,153		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		1,899,243		268,699		207,811		6,202,195		3,319,149		164,960		1,076,237		97,620

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		SVSLVB		FVCA2P		FQB		FCS		FNRS2		FEIS		FF10S		FF20S
Reinvested dividends	$		2,702		6,732		1,376,434		702,662		71,919		1,756,289		39,851		244,888
Asset charges (note 3)			(398)		-		(35,301)		(125,046)		-		(40,979)		(693)		(13,428)

Net investment income (loss)			2,304		6,732		1,341,133		577,616		71,919		1,715,310		39,158		231,460

Realized gain (loss) on investments			(3,539)		84,222		295,343		6,648,989		881,293		(3,577,949)		173,317		405,896
Change in unrealized gain (loss) on investments			13,934		(23,557)		1,366,720		1,240,386		(470,914)		7,321,029		11,554		621,823

Net gain (loss) on investments			10,395		60,665		1,662,063		7,889,375		410,379		3,743,080		184,871		1,027,719

Reinvested capital gains			-		68,556		-		-		-		3,742,101		32,032		143,652

Net increase (decrease) in contract owners’ equity resulting from operations	$		12,699		135,953		3,003,196		8,466,991		482,298		9,200,491		256,061		1,402,831


Investment Activity:		FF30S		FFINS		FGOS		FGS		FHIS		FHISR		FIP		FIGBS
Reinvested dividends	$		109,053		22,986		4,856		315,397		874,294		275,541		578,602		747,554
Asset charges (note 3)			(5,149)		(3,281)		(2,422)		(42,607)		(19,814)		-		(55,269)		(42,767)

Net investment income (loss)			103,904		19,705		2,434		272,790		854,480		275,541		523,333		704,787

Realized gain (loss) on investments			633,107		(10,204)		237,009		1,888,205		987,982		70,464		232,791		73,226
Change in unrealized gain (loss) on investments			110,054		68,292		84,066		6,367,370		177,935		240,523		2,610,168		113,308

Net gain (loss) on investments			743,161		58,088		321,075		8,255,575		1,165,917		310,987		2,842,959		186,534

Reinvested capital gains			52,130		21,588		-		-		-		-		321,253		876,314

Net increase (decrease) in contract owners’ equity resulting from operations	$		899,195		99,381		323,509		8,528,365		2,020,397		586,528		3,687,545		1,767,635

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		FMCS		FOS		FOSR		FVSS		FF15S		FF25S		FF40S		FTVIS2
Reinvested dividends	$		212,445		235,538		191,182		19,680		84,908		120,457		58,544		327,023
Asset charges (note 3)			(36,342)		(20,399)		-		(1,015)		(8,769)		(14,059)		(5,681)		-

Net investment income (loss)			176,103		215,139		191,182		18,665		76,139		106,398		52,863		327,023

Realized gain (loss) on investments			1,643,288		(1,878,238)		(1,389,690)		288,498		(8,706)		31,855		(27,148)		78,024
Change in unrealized gain (loss) on investments			931,389		4,309,548		3,152,739		644,232		279,252		532,176		175,122		201,842

Net gain (loss) on investments			2,574,677		2,431,310		1,763,049		932,730		270,546		564,031		147,974		279,866

Reinvested capital gains			3,257,727		42,899		34,701		-		69,615		65,970		13,130		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		6,008,507		2,689,348		1,988,932		951,395		416,300		736,399		213,967		606,889


Investment Activity:		FTVRDI		FTVSVI		FTVSV2		FTVMD2		FTVDM3		TIF		TIF2		TIF3
Reinvested dividends	$		250,973		99,460		52,189		4,079		61,901		42,229		340,780		153,683
Asset charges (note 3)			-		-		(14,055)		(550)		-		-		(24,942)		-

Net investment income (loss)			250,973		99,460		38,134		3,529		61,901		42,229		315,838		153,683

Realized gain (loss) on investments			472,913		(277,282)		588,943		(18,029)		410,696		(13,327)		729,191		(479,530)
Change in unrealized gain (loss) on investments			859,670		1,824,905		484,569		19,718		47,284		193,695		849,980		1,215,314

Net gain (loss) on investments			1,332,583		1,547,623		1,073,512		1,689		457,980		180,368		1,579,171		735,784

Reinvested capital gains			-		-		-		8,235		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		1,583,556		1,647,083		1,111,646		13,453		519,881		222,597		1,895,009		889,467

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		FTVGI2		FTVGI3		FTVFA2		GVMCE		GVGOPS		SBVSG		BNCAI		AMTB
Reinvested dividends	$		2,293,841		727,657		9,218		517,859		-		7,493		112,082		108,811
Asset charges (note 3)			(48,848)		-		-		(102,294)		(197)		(3,220)		(22,723)		-

Net investment income (loss)			2,244,993		727,657		9,218		415,565		(197)		4,273		89,359		108,811

Realized gain (loss) on investments			(95,655)		212,683		10,615		1,142,862		682		35,778		1,555,523		(9,915)
Change in unrealized gain (loss) on investments			3,025,733		653,810		30,587		5,787,288		(2,130)		64,183		(452,578)		69,385

Net gain (loss) on investments			2,930,078		866,493		41,202		6,930,150		(1,448)		99,961		1,102,945		59,470

Reinvested capital gains			57,587		18,412		-		-		4,758		72,565		504,733		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		5,232,658		1,612,562		50,420		7,345,715		3,113		176,799		1,697,037		168,281


Investment Activity:		AMGP		AMCG		AMTP		AMRI		AMFAS		AMSRS		OVGR		OVGS3
Reinvested dividends	$		2,225		-		11,364		24,917		-		5,455		128,947		329,528
Asset charges (note 3)			(2,005)		(9,395)		(3,739)		(9,649)		(2,471)		-		(42,032)		-

Net investment income (loss)			220		(9,395)		7,625		15,268		(2,471)		5,455		86,915		329,528

Realized gain (loss) on investments			439,571		764,825		60,470		421,324		356,593		(66,306)		2,508,107		(586,647)
Change in unrealized gain (loss) on investments			(299,572)		(235,283)		374,486		(923,280)		(160,603)		324,070		(146,105)		3,186,789

Net gain (loss) on investments			139,999		529,542		434,956		(501,956)		195,990		257,764		2,362,002		2,600,142

Reinvested capital gains			6,370		-		-		1,072,799		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		146,589		520,147		442,581		586,111		193,519		263,219		2,448,917		2,929,670

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		OVGS		OVGI		OVSC		OVAG		OVSB		PMVAAA		PMVFBA		PMVLGA
Reinvested dividends	$		973,431		247,251		24,833		-		140,638		988,215		135,333		9,012
Asset charges (note 3)			(77,051)		(8,962)		-		(11,714)		(2,504)		(29,890)		(1,067)		(1,050)

Net investment income (loss)			896,380		238,289		24,833		(11,714)		138,134		958,325		134,266		7,962

Realized gain (loss) on investments			(1,279,033)		343,759		122,438		705,073		10,126		15,255		97,018		52,397
Change in unrealized gain (loss) on investments			8,759,545		3,392,518		575,285		2,940,005		9,646		950,375		(168,660)		(82,091)

Net gain (loss) on investments			7,480,512		3,736,277		697,723		3,645,078		19,772		965,630		(71,642)		(29,694)

Reinvested capital gains			-		-		-		-		25,947		-		47,707		39,644

Net increase (decrease) in contract owners’ equity resulting from operations	$		8,376,892		3,974,566		722,556		3,633,364		183,853		1,923,955		110,331		17,912


Investment Activity:		PMVLDA		PMVRRA		PMVTRA		PIVEMI		PIHYB1		PVGIB		PVTIGB		PVTSCB
Reinvested dividends	$		1,081,613		1,285,089		10,498,397		7,485		685,614		12,418		19,943		19
Asset charges (note 3)			(110,486)		(247,796)		(728,509)		(2,229)		(25,623)		-		-		(11)

Net investment income (loss)			971,127		1,037,293		9,769,888		5,256		659,991		12,418		19,943		8

Realized gain (loss) on investments			922,417		4,917,466		4,046,556		(237,394)		(10,758)		17,455		(152,133)		848
Change in unrealized gain (loss) on investments			1,238,479		(2,418,651)		14,162,170		373,467		423,803		103,096		312,201		517

Net gain (loss) on investments			2,160,896		2,498,815		18,208,726		136,073		413,045		120,551		160,068		1,365

Reinvested capital gains			-		6,195,039		8,219,576		44,847		611,210		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		3,132,023		9,731,147		36,198,190		186,176		1,684,246		132,969		180,011		1,373

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		PVTVB		ACGI		ACEG		AVBVI		AVHY1		AVIE		AVMCCI		ROCMC
Reinvested dividends	$		5,665		52,842		-		9,610		431,067		587,779		763		-
Asset charges (note 3)			-		(7,265)		-		(1,025)		(16,441)		(87,494)		(1,963)		(98,249)

Net investment income (loss)			5,665		45,577		-		8,585		414,626		500,285		(1,200)		(98,249)

Realized gain (loss) on investments			20,137		5,733		(10,657)		31,721		52,982		2,291,229		3,235		7,177,406
Change in unrealized gain (loss) on investments			191,874		278,485		(17,932)		73,113		755,725		2,695,361		73,852		(4,752,250)

Net gain (loss) on investments			212,011		284,218		(28,589)		104,834		808,707		4,986,590		77,087		2,425,156

Reinvested capital gains			-		-		-		-		-		-		9,920		886,619

Net increase (decrease) in contract owners’ equity resulting from operations	$		217,676		329,795		(28,589)		113,419		1,223,333		5,486,875		85,807		3,213,526


Investment Activity:		ROCSC		TREI2		TRHS2		TRLT1		TRMCG2		TRNAG1		TRPSB1		TRBCGP
Reinvested dividends	$		2,545		1,106,305		-		29,218		-		162,817		70,842		103
Asset charges (note 3)			(5,074)		(127,435)		(10,898)		(3,503)		(55,913)		(62,997)		(8,213)		(12)

Net investment income (loss)			(2,529)		978,870		(10,898)		25,715		(55,913)		99,820		62,629		91

Realized gain (loss) on investments			(32,530)		8,046,398		583,767		(3,184)		1,573,337		827,755		37,760		(2)
Change in unrealized gain (loss) on investments			246,246		(469,846)		1,287,372		(3,170)		(506,882)		2,200,732		220,545		(69)

Net gain (loss) on investments			213,716		7,576,552		1,871,139		(6,354)		1,066,455		3,028,487		258,305		(71)

Reinvested capital gains			58,574		-		181,641		4,780		2,196,415		207,221		107,742		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		269,761		8,555,422		2,041,882		24,141		3,206,957		3,335,528		428,676		20

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		VWEM		VWHA		VVB		VVDV		VVI		VVMCI		VVREI		VVSTC
Reinvested dividends	$		-		265,807		101,219		62,000		91,689		95,665		37,753		120,567
Asset charges (note 3)			(12,534)		(58,765)		(8,715)		(16,337)		(9,087)		(18,441)		(3,772)		(10,217)

Net investment income (loss)			(12,534)		207,042		92,504		45,663		82,602		77,224		33,981		110,350

Realized gain (loss) on investments			1,673,137		1,309,554		272,511		363,470		214,008		39,495		46,946		19,714
Change in unrealized gain (loss) on investments			2,222,411		(3,652,443)		118,575		769,193		461,961		840,782		138,516		68,358

Net gain (loss) on investments			3,895,548		(2,342,889)		391,086		1,132,663		675,969		880,277		185,462		88,072

Reinvested capital gains			-		4,029,357		-		-		-		246,150		65,623		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		3,883,014		1,893,510		483,590		1,178,326		758,571		1,203,651		285,066		198,422


Investment Activity:		VVHGB		WRASP		WRGP		WRHIP		WRMCG		WRRESP		WRSTP		SVDF
Reinvested dividends	$		205,111		143,351		1,238		4,045		-		20,030		-		-
Asset charges (note 3)			(15,079)		(7,541)		(3,187)		(4,491)		(203)		(3,024)		(7,191)		(7,302)

Net investment income (loss)			190,032		135,810		(1,949)		(446)		(203)		17,006		(7,191)		(7,302)

Realized gain (loss) on investments			15,220		310,272		98,325		24,938		1,822		298,072		(51,308)		388,313
Change in unrealized gain (loss) on investments			(3,229)		1,753,592		(8,851)		325,194		20,249		120,052		581,158		646,430

Net gain (loss) on investments			11,991		2,063,864		89,474		350,132		22,071		418,124		529,850		1,034,743

Reinvested capital gains			67,969		-		146,644		-		-		-		293,134		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		269,992		2,199,674		234,169		349,686		21,868		435,130		815,793		1,027,441

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2012


Investment Activity:		SVOF		WFVSCG		JAGTS2		JAIGS2		AVCA		AVCDI		OVHI3		OVHI
Reinvested dividends	$		8,089		-		-		-		-		-		255,446		47,188
Asset charges (note 3)			(18,731)		(15,671)		-		-		-		(1,114)		-		-

Net investment income (loss)			(10,642)		(15,671)		-		-		-		(1,114)		255,446		47,188

Realized gain (loss) on investments			1,313,955		237,254		213,090		(1,506,517)		171,999		756,316		(17,110)		(714,793)
Change in unrealized gain (loss) on investments			(216,417)		200,685		171,125		3,726,083		(51,877)		(225,462)		(59,580)		702,080

Net gain (loss) on investments			1,097,538		437,939		384,215		2,219,566		120,122		530,854		(76,690)		(12,713)

Reinvested capital gains			2,967		399,880		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations	$		1,089,863		822,148		384,215		2,219,566		120,122		529,740		178,756		34,475

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		Total				ALVDAA				AMVAA2				AMVBD2
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		59,955,257		60,242,918		-		-		44,693		23,250		5,623		16,193
Realized gain (loss) on investments			62,348,520		66,087,136		-		-		196,438		125,196		11,239		51,744
Change in unrealized gain (loss) on investments			255,631,786		(226,800,032)		5		-		48,537		(131,015)		400		(27,029)
Reinvested capital gains			79,135,294		25,040,572		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			457,070,857		(75,429,406)		5		-		289,668		17,431		17,262		40,908


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			227,395,906		232,335,620		-		-		220,394		115,811		6,822		166,599
Transfers between funds			-		-		84		-		1,404,524		(114,654)		(364,043)		(755,951)
Surrenders (note 6)			(263,186,354)		(332,479,745)		-		-		(405,503)		(20,967)		(16,422)		(288)
Death Benefits (note 4)			(14,188,056)		(12,131,512)		-		-		-		-		-		-
Net policy repayments (loans) (note 5)			(2,325,835)		183,444		-		-		(649)		(20,938)		2,033		23,799
Deductions for surrender charges (note 2d)			(1,248,229)		(1,789,006)		-		-		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(107,075,191)		(108,579,372)		(13)		-		(53,312)		(52,505)		(20,576)		(21,183)
Asset charges (note 3):
FPVUL & VEL contracts			(5,227,185)		(5,317,581)		-		-		(628)		(787)		(574)		(383)
MSP contracts			(280,486)		(288,084)		-		-		-		-		-		-
SL contracts or LSFP contracts			(693,218)		(736,976)		-		-		-		-		-		-
Adjustments to maintain reserves			81,747		(394,811)		(4)		-		(435)		7		39		5

Net equity transactions			(166,746,901)		(229,198,023)		67		-		1,164,391		(94,033)		(392,721)		(587,402)


Net change in contract owners’ equity			290,323,956		(304,627,429)		72		-		1,454,059		(76,602)		(375,459)		(546,494)
Contract owners’ equity beginning of period			3,792,718,355		4,097,345,784		-		-		1,317,162		1,393,764		607,859		1,154,353

Contract owners’ equity end of period	$		4,083,042,311		3,792,718,355		72		-		2,771,221		1,317,162		232,400		607,859


CHANGES IN UNITS:
Beginning units			264,138,478		278,969,681		-		-		137,762		147,280		52,811		106,418
Units purchased			41,628,904		38,682,925		9		-		165,437		20,108		1,369		18,072
Units redeemed			(50,210,203)		(53,514,128)		(2)		-		(52,989)		(29,626)		(35,116)		(71,679)

Ending units			255,557,179		264,138,478		7		-		250,210		137,762		19,064		52,811

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		AMVGS2				AMVGR2				AMVI2				MLVLC2
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		17,651		15,333		101,229		60,624		24,167		3,730		27,065		15,944
Realized gain (loss) on investments			30,252		186,890		2,757		518,231		17,998		(17,298)		107,107		297,547
Change in unrealized gain (loss) on investments			226,845		(519,145)		2,564,170		(2,011,626)		140,006		(9,005)		125,294		(304,104)
Reinvested capital gains			-		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			274,748		(316,922)		2,668,156		(1,432,771)		182,171		(22,573)		259,466		9,387


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			73,623		164,113		24,671		12,055		187,673		-		126,762		68,712
Transfers between funds			(6,238)		330,021		3,235,923		13,697,353		1,400,155		221,877		115,492		100,254
Surrenders (note 6)			(23,755)		(39,900)		(1,622,750)		(514,761)		-		-		(54,895)		(184,516)
Death Benefits (note 4)			(3,679)		(172)		(31,524)		-		(10,545)		-		-		-
Net policy repayments (loans) (note 5)			-		48,503		(33)		66,631		(382)		-		(29)		131,008
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(33,880)		(25,810)		(182,717)		(116,049)		(19,608)		(1,206)		(32,607)		(29,136)
Asset charges (note 3):
FPVUL & VEL contracts			(586)		(340)		-		-		(114)		(20)		(200)		(162)
MSP contracts			-		-		-		-		-		-		-		-
SL contracts or LSFP contracts			-		-		-		-		-		-		-		-
Adjustments to maintain reserves			10		(4)		120		(29)		22		(3)		413		14

Net equity transactions			5,495		476,411		1,423,690		13,145,200		1,557,201		220,648		154,936		86,174


Net change in contract owners’ equity			280,243		159,489		4,091,846		11,712,429		1,739,372		198,075		414,402		95,561
Contract owners’ equity beginning of period			1,382,774		1,223,285		13,836,456		2,124,027		198,075		-		2,014,292		1,918,731

Contract owners’ equity end of period	$		1,663,017		1,382,774		17,928,302		13,836,456		1,937,447		198,075		2,428,694		2,014,292


CHANGES IN UNITS:
Beginning units			172,798		123,466		1,564,847		229,261		25,258		-		170,390		165,806
Units purchased			33,238		56,806		378,802		1,418,007		188,515		25,412		35,102		35,344
Units redeemed			(29,730)		(7,474)		(220,184)		(82,421)		(3,689)		(154)		(22,498)		(30,760)

Ending units			176,306		172,798		1,723,465		1,564,847		210,084		25,258		182,994		170,390

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		MLVGA2				CVSSE				DAVVL				DWVSVS
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		139,257		180,639		(271)		(456)		42,498		16,890		(724)		(2)
Realized gain (loss) on investments			94,583		138,503		49,203		5,613		17,073		270,035		5,345		-
Change in unrealized gain (loss) on investments			599,858		(861,037)		(12,036)		(10,766)		81,193		(573,394)		144,347		187
Reinvested capital gains			28,359		184,619		8,138		-		167,142		177,925		92,551		-

Net increase (decrease) in contract owners’ equity resulting from operations			862,057		(357,276)		45,034		(5,609)		307,906		(108,544)		241,519		185


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			486,524		465,883		11,507		7,662		209,538		223,994		114,566		15,794
Transfers between funds			904,571		3,360,288		(116,774)		53,328		75,881		(142,955)		3,667,056		4,504
Surrenders (note 6)			(362,418)		(354,200)		(2,358)		(2,462)		(40,816)		(89,952)		(22,667)		-
Death Benefits (note 4)			(83,018)		(167,584)		-		-		-		-		(9,398)		-
Net policy repayments (loans) (note 5)			(57,931)		(522,883)		-		-		(14,400)		(17,457)		3,888		(1,282)
Deductions for surrender charges (note 2d)			(5,269)		(17,753)		-		-		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(332,226)		(273,692)		(2,600)		(2,649)		(29,721)		(33,563)		(19,640)		(88)
Asset charges (note 3):
FPVUL & VEL contracts			(25,362)		(21,277)		-		-		(2,500)		(1,872)		(15)		-
MSP contracts			(942)		(700)		-		-		-		-		-		-
SL contracts or LSFP contracts			(5,360)		(4,549)		-		-		-		-		-		-
Adjustments to maintain reserves			2		(138)		17		3		11		(2)		21		1

Net equity transactions			518,571		2,463,395		(110,208)		55,882		197,993		(61,807)		3,733,811		18,929


Net change in contract owners’ equity			1,380,628		2,106,119		(65,174)		50,273		505,899		(170,351)		3,975,330		19,114
Contract owners’ equity beginning of period			8,283,492		6,177,373		311,745		261,472		2,276,322		2,446,673		19,114		-

Contract owners’ equity end of period	$		9,664,120		8,283,492		246,571		311,745		2,782,221		2,276,322		3,994,444		19,114


CHANGES IN UNITS:
Beginning units			642,091		461,464		18,607		15,365		276,086		284,231		2,125		-
Units purchased			140,004		279,594		1,203		3,546		38,495		36,634		394,976		2,277
Units redeemed			(101,965)		(98,967)		(7,044)		(304)		(15,999)		(44,779)		(5,429)		(152)

Ending units			680,130		642,091		12,766		18,607		298,582		276,086		391,672		2,125

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		DSIF				DSRG				ETVFR				GVGMNS
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		5,170,929		4,474,653		79,605		90,420		321,202		-		-		-
Realized gain (loss) on investments			(8,310,492)		(3,720,227)		386,520		474,305		3,941		-		-		-
Change in unrealized gain (loss) on investments			28,300,455		1,754,050		654,218		(456,747)		239,440		-		18		-
Reinvested capital gains			13,113,026		1,755,181		-		-		6		-		1		-

Net increase (decrease) in contract owners’ equity resulting from operations			38,273,918		4,263,657		1,120,343		107,978		564,589		-		19		-


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			13,381,438		11,472,115		827,237		951,581		(16)		-		30		-
Transfers between funds			(4,233,138)		1,225,816		(107,210)		(123,457)		14,865,860		-		887		-
Surrenders (note 6)			(18,533,502)		(22,885,446)		(808,576)		(871,401)		-		-		-		-
Death Benefits (note 4)			(802,912)		(1,241,814)		(105,802)		(100,746)		-		-		-		-
Net policy repayments (loans) (note 5)			31,716		442,576		149,746		(64,034)		(83)		-		17		-
Deductions for surrender charges (note 2d)			(38,480)		(52,794)		(276)		(1,659)		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(7,839,002)		(7,832,096)		(686,879)		(742,253)		(63,013)		-		(8)		-
Asset charges (note 3):
FPVUL & VEL contracts			(366,387)		(357,661)		(44,351)		(45,175)		-		-		(1)		-
MSP contracts			(11,816)		(12,049)		(1,218)		(1,334)		-		-		-		-
SL contracts or LSFP contracts			(57,004)		(60,281)		(1,810)		(1,751)		-		-		-		-
Adjustments to maintain reserves			2,202		(1,707)		852		(413)		(77)		-		5		-

Net equity transactions			(18,466,885)		(19,303,341)		(778,287)		(1,000,642)		14,802,671		-		930		-


Net change in contract owners’ equity			19,807,033		(15,039,684)		342,056		(892,664)		15,367,260		-		949		-
Contract owners’ equity beginning of period			255,722,159		270,761,843		9,470,036		10,362,700		-		-		-		-

Contract owners’ equity end of period	$		275,529,192		255,722,159		9,812,092		9,470,036		15,367,260		-		949		-


CHANGES IN UNITS:
Beginning units			20,051,285		21,609,408		711,620		788,385		-		-		-		-
Units purchased			1,055,806		1,237,119		66,935		87,383		1,444,098		-		93		-
Units redeemed			(2,435,176)		(2,795,242)		(121,089)		(164,148)		(6,011)		-		(1)		-

Ending units			18,671,915		20,051,285		657,466		711,620		1,438,087		-		92		-

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		IVKMG1				OGGO				JPMMV1				JABS
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(1,723)		-		(6,245)		(8,064)		552		1,344		331,967		268,284
Realized gain (loss) on investments			(43,000)		-		464,262		608,459		10,388		794		18,628		627,893
Change in unrealized gain (loss) on investments			(53,230)		-		(9,604)		(868,740)		37,721		218		206,583		(1,371,187)
Reinvested capital gains			1,052		-		34,768		-		-		-		923,173		590,997

Net increase (decrease) in contract owners’ equity resulting from operations			(96,901)		-		483,181		(268,345)		48,661		2,356		1,480,351		115,987


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			121,711		-		17,560		14,174		5,219		-		3,194,045		885,799
Transfers between funds			3,707,100		-		(436,954)		(200,095)		1,715,673		-		(33,479)		(1,962,305)
Surrenders (note 6)			(263,224)		-		(25,226)		(282,487)		-		-		(437,386)		(759,314)
Death Benefits (note 4)			-		-		(5,288)		(5,379)		-		-		(27,197)		(3,551)
Net policy repayments (loans) (note 5)			(23,556)		-		11,261		(2,291)		-		-		40,019		(92,036)
Deductions for surrender charges (note 2d)			(2,384)		-		-		-		-		-		(325)		(1,243)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(79,041)		-		(44,241)		(61,389)		(5,433)		(1,845)		(368,822)		(259,642)
Asset charges (note 3):
FPVUL & VEL contracts			(5,671)		-		-		-		(8)		-		(11,669)		(11,002)
MSP contracts			(194)		-		-		-		-		-		(37)		(35)
SL contracts or LSFP contracts			(695)		-		-		-		-		-		(1,353)		(1,197)
Adjustments to maintain reserves			243		-		40		(29)		-		2		71		(12)

Net equity transactions			3,454,289		-		(482,848)		(537,496)		1,715,451		(1,843)		2,353,867		(2,204,538)


Net change in contract owners’ equity			3,357,388		-		333		(805,841)		1,764,112		513		3,834,218		(2,088,551)
Contract owners’ equity beginning of period			-		-		3,145,499		3,951,340		121,873		121,360		10,871,173		12,959,724

Contract owners’ equity end of period	$		3,357,388		-		3,145,832		3,145,499		1,885,985		121,873		14,705,391		10,871,173


CHANGES IN UNITS:
Beginning units			-		-		161,522		190,112		7,723		7,841		587,594		709,708
Units purchased			420,975		-		939		815		92,092		-		235,446		42,503
Units redeemed			(79,184)		-		(23,047)		(29,405)		(298)		(118)		(119,815)		(164,617)

Ending units			341,791		-		139,414		161,522		99,517		7,723		703,225		587,594

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		JACAS				JAGTS				JAIGS				JAMVS
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		206,101		71,319		(6,266)		(8,060)		237,954		124,408		11,850		6,917
Realized gain (loss) on investments			(425,310)		1,366,581		525,046		807,841		1,193,655		(1,944,368)		(8,679)		31,899
Change in unrealized gain (loss) on investments			9,731,923		(5,183,176)		1,221,256		(1,768,798)		(1,994,975)		(18,805,387)		70,792		(114,390)
Reinvested capital gains			-		-		-		-		5,115,505		535,405		105,466		-

Net increase (decrease) in contract owners’ equity resulting from operations			9,512,714		(3,745,276)		1,740,036		(969,017)		4,552,139		(20,089,942)		179,429		(75,574)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			2,433,578		2,878,619		415,466		105,913		2,151,306		885,641		146,142		189,316
Transfers between funds			(10,674,136)		(4,179,211)		1,906,310		(221,297)		2,194,348		(4,200,672)		265,832		1,017,929
Surrenders (note 6)			(2,123,881)		(8,133,053)		(1,042,171)		(973,800)		(3,186,752)		(2,283,214)		(5,311)		(6,994)
Death Benefits (note 4)			(162,218)		(95,303)		(18,867)		(48,030)		(64,263)		(56,497)		(461)		(5,239)
Net policy repayments (loans) (note 5)			(228,960)		(297,692)		(169,448)		(174,112)		(269,142)		(361,192)		(173)		-
Deductions for surrender charges (note 2d)			(8,241)		(20,535)		(4,046)		(1,765)		(9,368)		(3,132)		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(1,514,739)		(1,578,033)		(509,096)		(461,813)		(1,268,978)		(1,136,261)		(37,779)		(26,336)
Asset charges (note 3):
FPVUL & VEL contracts			(94,461)		(91,690)		(33,002)		(30,196)		(78,780)		(59,252)		(145)		(40)
MSP contracts			(2,351)		(2,205)		(875)		(689)		(2,856)		(2,608)		-		-
SL contracts or LSFP contracts			(7,946)		(8,664)		(1,985)		(1,480)		(8,398)		(6,611)		-		-
Adjustments to maintain reserves			160		10		(30)		(160)		5,919		449		(277)		(10)

Net equity transactions			(12,383,195)		(11,527,757)		542,256		(1,807,429)		(536,964)		(7,223,349)		367,828		1,168,626


Net change in contract owners’ equity			(2,870,481)		(15,273,033)		2,282,292		(2,776,446)		4,015,175		(27,313,291)		547,257		1,093,052
Contract owners’ equity beginning of period			44,871,580		60,144,613		9,614,700		12,391,146		38,790,122		66,103,413		1,580,274		487,222

Contract owners’ equity end of period	$		42,001,099		44,871,580		11,896,992		9,614,700		42,805,297		38,790,122		2,127,531		1,580,274


CHANGES IN UNITS:
Beginning units			4,379,176		5,463,910		1,847,506		2,171,152		2,931,730		3,374,504		155,792		46,500
Units purchased			227,377		495,745		1,577,050		89,397		2,089,328		221,950		58,822		113,026
Units redeemed			(1,303,936)		(1,580,479)		(1,511,377)		(413,043)		(2,185,096)		(664,724)		(24,893)		(3,734)

Ending units			3,302,617		4,379,176		1,913,179		1,847,506		2,835,962		2,931,730		189,721		155,792

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		LZREMS				LOVMCV				MIGIC				MNDIC
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		303,937		332,160		5,564		72		14,769		17,714		-		-
Realized gain (loss) on investments			(253,246)		(51,006)		40,967		236,391		50,807		72,311		(122)		-
Change in unrealized gain (loss) on investments			3,528,565		(3,966,255)		77,680		(281,059)		285,536		(57,102)		2,638		-
Reinvested capital gains			252,336		-		-		-		153,989		-		728		-

Net increase (decrease) in contract owners’ equity resulting from operations			3,831,592		(3,685,101)		124,211		(44,596)		505,101		32,923		3,244		-


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			971,528		768,479		18,226		27,111		207,020		190,992		298		-
Transfers between funds			1,677,404		13,384,519		68,007		(318,395)		9,991		75,191		85,431		-
Surrenders (note 6)			(346,007)		(1,813,746)		(8,950)		(39,071)		(313,658)		(393,802)		-		-
Death Benefits (note 4)			(69,582)		(1,179)		-		-		(5,047)		(44,380)		-		-
Net policy repayments (loans) (note 5)			9,996		87,561		(643)		(586)		(67,920)		(28,807)		(7,321)		-
Deductions for surrender charges (note 2d)			-		-		-		-		(8,497)		(9,567)		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(207,733)		(134,893)		(13,771)		(18,615)		(165,992)		(169,169)		(995)		-
Asset charges (note 3):
FPVUL & VEL contracts			(1,375)		(728)		(28)		(26)		(14,020)		(14,177)		(72)		-
MSP contracts			-		-		-		-		(145)		(196)		-		-
SL contracts or LSFP contracts			-		-		-		-		(640)		(598)		-		-
Adjustments to maintain reserves			160		(3,087)		12		(20)		189		(7)		(6)		-

Net equity transactions			2,034,391		12,286,926		62,853		(349,602)		(358,719)		(394,520)		77,335		-


Net change in contract owners’ equity			5,865,983		8,601,825		187,064		(394,198)		146,382		(361,597)		80,579		-
Contract owners’ equity beginning of period			16,619,721		8,017,896		919,099		1,313,297		3,036,988		3,398,585		-		-

Contract owners’ equity end of period	$		22,485,704		16,619,721		1,106,163		919,099		3,183,370		3,036,988		80,579		-


CHANGES IN UNITS:
Beginning units			1,783,698		704,127		78,912		107,968		192,257		216,391		-		-
Units purchased			262,841		1,285,355		16,368		2,452		16,083		17,700		8,638		-
Units redeemed			(65,342)		(205,784)		(12,083)		(31,508)		(36,057)		(41,834)		(842)		-

Ending units			1,981,197		1,783,698		83,197		78,912		172,283		192,257		7,796		-

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		MNDSC				MVRISC				MVFIC				MVFSC
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(310)		-		55,584		11,231		140,781		113,187		271,876		124,899
Realized gain (loss) on investments			(191)		-		44,439		33,300		16,085		(270,301)		768,500		733,257
Change in unrealized gain (loss) on investments			17,905		-		347,214		(135,722)		1,003,415		122,922		1,963,294		(677,432)
Reinvested capital gains			-		-		-		-		65,262		30,614		171,373		49,162

Net increase (decrease) in contract owners’ equity resulting from operations			17,404		-		447,237		(91,191)		1,225,543		(3,578)		3,175,043		229,886


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			-		-		72,572		72,231		842,540		455,012		1,283,084		1,207,739
Transfers between funds			654,561		-		2,278,447		119,555		46,607		(201,205)		869,555		10,645,377
Surrenders (note 6)			-		-		(1,734)		(8,013)		(729,374)		(541,675)		(1,568,404)		(682,089)
Death Benefits (note 4)			-		-		-		-		(120,797)		(22,318)		(10,708)		(10,591)
Net policy repayments (loans) (note 5)			-		-		(27)		(1,092)		31,743		21,688		(49,796)		(4,037)
Deductions for surrender charges (note 2d)			-		-		-		-		(2,820)		(2,890)		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(1,284)		-		(32,173)		(13,612)		(333,138)		(313,359)		(310,085)		(226,994)
Asset charges (note 3):
FPVUL & VEL contracts			-		-		(111)		(103)		(23,501)		(22,010)		(2,883)		(1,372)
MSP contracts			-		-		-		-		(874)		(677)		-		-
SL contracts or LSFP contracts			-		-		-		-		(5,648)		(4,829)		-		-
Adjustments to maintain reserves			2		-		137		14		1		17		182		(34)

Net equity transactions			653,279		-		2,317,111		168,980		(295,261)		(632,246)		210,945		10,927,999


Net change in contract owners’ equity			670,683		-		2,764,348		77,789		930,282		(635,824)		3,385,988		11,157,885
Contract owners’ equity beginning of period			-		-		853,383		775,594		7,426,340		8,062,164		18,020,049		6,862,164

Contract owners’ equity end of period	$		670,683		-		3,617,731		853,383		8,356,622		7,426,340		21,406,037		18,020,049


CHANGES IN UNITS:
Beginning units			-		-		110,565		89,179		407,456		441,004		2,030,171		767,637
Units purchased			65,241		-		297,602		26,076		46,403		36,547		332,527		1,323,625
Units redeemed			(129)		-		(4,510)		(4,690)		(59,489)		(70,095)		(277,743)		(61,091)

Ending units			65,112		-		403,657		110,565		394,370		407,456		2,084,955		2,030,171

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		MVIVSC				MSVFI				MSEM				VKVGR2
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		491,176		220,265		110,066		95,738		1,054,620		1,190,873		5,496		37,963
Realized gain (loss) on investments			1,148,239		320,702		(52,242)		(68,205)		474,725		988,467		20,627		46,050
Change in unrealized gain (loss) on investments			3,607,201		(1,134,343)		160,775		112,829		4,721,664		(285,039)		375,598		(219,853)
Reinvested capital gains			-		-		-		-		-		381,502		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			5,246,616		(593,376)		218,599		140,362		6,251,009		2,275,803		401,721		(135,840)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			647,969		387,722		113,505		139,980		324,380		342,924		247,522		134,159
Transfers between funds			13,701,915		5,188,905		(200,129)		83,361		800,882		289,237		696,230		(25,398)
Surrenders (note 6)			(2,811,338)		(594,806)		(134,883)		(158,149)		(625,731)		(568,892)		(10,159)		(88,465)
Death Benefits (note 4)			(35,941)		-		(6,184)		(414)		(169,601)		(104,553)		(1,811)		(1,420)
Net policy repayments (loans) (note 5)			(507)		(8,088)		(20,655)		21,225		6,763		39,409		(18,176)		(9,202)
Deductions for surrender charges (note 2d)			-		-		(2,254)		(5,824)		(1,394)		(4,797)		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(433,463)		(339,421)		(113,837)		(119,240)		(551,629)		(508,136)		(37,467)		(28,989)
Asset charges (note 3):
FPVUL & VEL contracts			(1,721)		(632)		(8,724)		(8,987)		(20,148)		(19,040)		(508)		(420)
MSP contracts			-		-		(533)		(486)		(371)		(347)		-		-
SL contracts or LSFP contracts			-		-		(1,116)		(1,165)		(2,135)		(2,078)		-		-
Adjustments to maintain reserves			272		17,920		-		(6)		160		17		17		(4)

Net equity transactions			11,067,186		4,651,600		(374,810)		(49,705)		(238,824)		(536,256)		875,648		(19,739)


Net change in contract owners’ equity			16,313,802		4,058,224		(156,211)		90,657		6,012,185		1,739,547		1,277,369		(155,579)
Contract owners’ equity beginning of period			24,641,649		20,583,425		2,531,944		2,441,287		35,029,731		33,290,184		1,093,277		1,248,856

Contract owners’ equity end of period	$		40,955,451		24,641,649		2,375,733		2,531,944		41,041,916		35,029,731		2,370,646		1,093,277


CHANGES IN UNITS:
Beginning units			1,760,148		1,441,156		186,591		190,070		980,681		999,333		144,741		148,350
Units purchased			991,113		473,135		9,184		24,426		45,412		54,576		106,255		25,039
Units redeemed			(222,476)		(154,143)		(35,798)		(27,905)		(48,999)		(73,228)		(8,742)		(28,648)

Ending units			2,528,785		1,760,148		159,977		186,591		977,094		980,681		242,254		144,741

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		MSVMG				MSVEG				MSVRE				NVAMV1
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(27,293)		14,035		(3,441)		(685)		156,675		173,456		318,235		553,784
Realized gain (loss) on investments			854,664		2,487,242		(8,947)		31,637		3,025,611		4,189,405		297,092		139,801
Change in unrealized gain (loss) on investments			(1,344,140)		(3,286,633)		55,189		(118,836)		417,183		(3,331,112)		2,526,918		(509,497)
Reinvested capital gains			1,466,688		5,360		72,022		-		-		-		1,313,345		84,323

Net increase (decrease) in contract owners’ equity resulting from operations			949,919		(779,996)		114,823		(87,884)		3,599,469		1,031,749		4,455,590		268,411


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			350,951		608,714		34,448		5,672		509,569		516,093		1,923,909		2,224,289
Transfers between funds			(416,657)		651,278		681,259		713,900		(2,817,002)		(254,253)		(1,228,431)		(2,952,345)
Surrenders (note 6)			(762,554)		(394,939)		(7,525)		(3,470)		(924,140)		(1,913,429)		(2,694,809)		(3,180,722)
Death Benefits (note 4)			(2,653)		(14,332)		-		-		(55,966)		(40,872)		(77,025)		(168,870)
Net policy repayments (loans) (note 5)			7,830		(8,817)		11,367		(963)		755		142,936		(21,514)		(184,453)
Deductions for surrender charges (note 2d)			-		-		-		-		-		(38)		(17,952)		(28,414)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(164,164)		(172,373)		(43,186)		(17,344)		(349,558)		(365,476)		(1,507,121)		(1,595,882)
Asset charges (note 3):
FPVUL & VEL contracts			(691)		(504)		(146)		(101)		(15)		(17)		(120,340)		(124,620)
MSP contracts			-		-		-		-		-		-		(4,733)		(4,667)
SL contracts or LSFP contracts			-		-		-		-		2		(5)		(14,324)		(15,757)
Adjustments to maintain reserves			79		(163)		(202)		(3)		228		(13)		2		137

Net equity transactions			(987,859)		668,864		676,015		697,691		(3,636,127)		(1,915,074)		(3,762,338)		(6,031,304)


Net change in contract owners’ equity			(37,940)		(111,132)		790,838		609,807		(36,658)		(883,325)		693,252		(5,762,893)
Contract owners’ equity beginning of period			11,307,835		11,418,967		749,676		139,869		24,453,641		25,336,966		31,888,859		37,651,752

Contract owners’ equity end of period	$		11,269,895		11,307,835		1,540,514		749,676		24,416,983		24,453,641		32,582,111		31,888,859


CHANGES IN UNITS:
Beginning units			978,986		917,869		74,986		13,550		763,390		838,673		2,222,487		2,641,103
Units purchased			158,777		203,718		70,902		63,622		14,667		27,674		141,490		184,131
Units redeemed			(237,371)		(142,601)		(10,760)		(2,186)		(117,547)		(102,957)		(383,555)		(602,747)

Ending units			900,392		978,986		135,128		74,986		660,510		763,390		1,980,422		2,222,487

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		GVAAA2				GVABD2				GVAGG2				GVAGR2
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		75,662		69,197		44,860		54,604		43,219		61,967		16,709		22,585
Realized gain (loss) on investments			(41,946)		(90,295)		105,267		98,811		234,101		(229,612)		(238,967)		(467,228)
Change in unrealized gain (loss) on investments			773,860		81,651		(50,724)		(27,616)		697,124		(347,968)		1,503,853		38,452
Reinvested capital gains			-		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			807,576		60,553		99,403		125,799		974,444		(515,613)		1,281,595		(406,191)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			311,402		305,572		109,250		116,427		291,726		364,170		443,128		562,233
Transfers between funds			815,628		124,733		34,775		(392,479)		(10,134)		29,483		(747,563)		907,956
Surrenders (note 6)			(243,036)		(668,985)		(178,804)		(258,544)		(622,450)		(624,601)		(547,250)		(890,244)
Death Benefits (note 4)			(117,133)		(4,324)		(82,668)		-		(26,275)		(2,144)		(48,381)		(81,357)
Net policy repayments (loans) (note 5)			(6,911)		(37,912)		34,758		19,194		(40,803)		(35,584)		(203,447)		14,935
Deductions for surrender charges (note 2d)			(6,057)		(14,547)		(1,933)		(1,744)		(8,916)		(2,654)		(13,916)		(9,551)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(225,316)		(243,517)		(115,413)		(114,907)		(196,171)		(230,353)		(289,238)		(314,316)
Asset charges (note 3):
FPVUL & VEL contracts			(17,633)		(15,953)		(6,562)		(7,317)		(15,995)		(20,908)		(23,705)		(24,894)
MSP contracts			(4,372)		(4,238)		(844)		(984)		(1,121)		(1,249)		(1,560)		(1,851)
SL contracts or LSFP contracts			(6,504)		(6,082)		(1,973)		(2,076)		(2,763)		(2,812)		(5,303)		(6,785)
Adjustments to maintain reserves			(1)		4		(2)		3		4		(10)		(2)		(126)

Net equity transactions			500,067		(565,249)		(209,416)		(642,427)		(632,898)		(526,662)		(1,437,237)		156,000


Net change in contract owners’ equity			1,307,643		(504,696)		(110,013)		(516,628)		341,546		(1,042,275)		(155,642)		(250,191)
Contract owners’ equity beginning of period			4,754,909		5,259,605		2,148,718		2,665,346		4,636,536		5,678,811		7,955,661		8,205,852

Contract owners’ equity end of period	$		6,062,552		4,754,909		2,038,705		2,148,718		4,978,082		4,636,536		7,800,019		7,955,661


CHANGES IN UNITS:
Beginning units			433,074		483,491		174,797		229,234		426,331		473,561		786,500		773,203
Units purchased			98,091		39,068		14,293		16,361		32,111		36,939		46,805		140,909
Units redeemed			(53,986)		(89,485)		(31,090)		(70,798)		(83,513)		(84,169)		(176,487)		(127,612)

Ending units			477,179		433,074		158,000		174,797		374,929		426,331		656,818		786,500

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		GVAGI2				HIBF				HIBF3				GEM
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		25,480		26,141		1,696,825		1,734,231		871,040		791,881		38,325		63,242
Realized gain (loss) on investments			160,270		(62,104)		781,252		817,468		204,580		549,071		417,514		5,605,352
Change in unrealized gain (loss) on investments			199,394		(28,397)		327,531		(1,728,342)		337,747		(854,694)		1,303,179		(8,744,331)
Reinvested capital gains			-		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			385,144		(64,360)		2,805,608		823,357		1,413,367		486,258		1,759,018		(3,075,737)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			107,123		143,122		859,960		729,710		716,546		882,424		271,988		375,967
Transfers between funds			103,158		171,533		(208,711)		(2,757,119)		(838,218)		(1,019,783)		(70,424)		(12,261,452)
Surrenders (note 6)			(428,384)		(304,329)		(1,291,182)		(1,646,402)		(682,861)		(718,563)		(568,795)		(1,926,363)
Death Benefits (note 4)			-		-		(60,980)		(27,965)		(202,738)		(19,850)		(20,186)		(30,706)
Net policy repayments (loans) (note 5)			15,684		(19,486)		(53,088)		(39,203)		32,202		21,360		32,265		132,823
Deductions for surrender charges (note 2d)			(2,306)		(379)		(1,215)		(621)		(12,482)		(9,771)		(193)		(1,542)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(79,218)		(93,484)		(376,300)		(368,397)		(486,915)		(488,312)		(276,949)		(390,794)
Asset charges (note 3):
FPVUL & VEL contracts			(7,054)		(8,099)		(13,439)		(14,142)		(35,208)		(35,236)		(7,027)		(8,911)
MSP contracts			(929)		(899)		(1,026)		(1,002)		(407)		(766)		(319)		(608)
SL contracts or LSFP contracts			(1,086)		(1,215)		(1,164)		(1,230)		(6,461)		(5,578)		(343)		(462)
Adjustments to maintain reserves			(3)		(17)		(139)		21		16		13		(132)		(131)

Net equity transactions			(293,015)		(113,253)		(1,147,284)		(4,126,350)		(1,516,526)		(1,394,062)		(640,115)		(14,112,179)


Net change in contract owners’ equity			92,129		(177,613)		1,658,324		(3,302,993)		(103,159)		(907,804)		1,118,903		(17,187,916)
Contract owners’ equity beginning of period			2,429,832		2,607,445		19,430,080		22,733,073		11,080,348		11,988,152		10,554,149		27,742,065

Contract owners’ equity end of period	$		2,521,961		2,429,832		21,088,404		19,430,080		10,977,189		11,080,348		11,673,052		10,554,149


CHANGES IN UNITS:
Beginning units			279,694		293,429		937,774		1,134,842		746,693		838,621		468,043		956,007
Units purchased			23,448		29,042		46,555		43,770		118,216		74,534		47,794		21,283
Units redeemed			(55,156)		(42,777)		(93,220)		(240,838)		(220,019)		(166,462)		(72,811)		(509,247)

Ending units			247,986		279,694		891,109		937,774		644,890		746,693		443,026		468,043

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		GEM3				GIG				GIG3				NVIE6
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		45,610		108,306		79,202		110,527		29,898		52,341		1,461		4,847
Realized gain (loss) on investments			(1,488,062)		(1,948,414)		(274,050)		798,541		203,195		124,805		21,853		50,941
Change in unrealized gain (loss) on investments			3,137,226		(1,850,266)		1,624,478		(2,340,290)		297,562		(559,594)		18,427		(99,953)
Reinvested capital gains			-		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			1,694,774		(3,690,374)		1,429,630		(1,431,222)		530,655		(382,448)		41,741		(44,165)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			718,663		957,702		572,115		566,444		186,510		176,019		-		8,631
Transfers between funds			(1,462,692)		(259,938)		75,310		5,744,351		(282,178)		520,993		(129,798)		(179,721)
Surrenders (note 6)			(3,205,239)		(731,338)		(582,161)		(775,025)		(435,215)		(273,549)		(2,416)		(56,978)
Death Benefits (note 4)			(28,003)		(17,782)		(17,318)		(20,875)		(1,994)		(15,917)		-		-
Net policy repayments (loans) (note 5)			(45,796)		(229,179)		(76,703)		3,617		(35,703)		28,607		(9,001)		(1,046)
Deductions for surrender charges (note 2d)			(15,562)		(13,566)		(224)		(1,718)		(1,014)		(5,181)		(271)		(153)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(464,853)		(535,317)		(258,745)		(228,088)		(151,983)		(161,330)		(7,165)		(12,891)
Asset charges (note 3):
FPVUL & VEL contracts			(33,493)		(39,940)		(16,876)		(14,024)		(11,441)		(12,259)		(491)		(619)
MSP contracts			(6,602)		(7,431)		(493)		(531)		(783)		(810)		-		-
SL contracts or LSFP contracts			(6,152)		(9,195)		(1,842)		(1,479)		(1,307)		(986)		(830)		(1,308)
Adjustments to maintain reserves			(37)		20		118		-		(7)		5		(1)		3

Net equity transactions			(4,549,766)		(885,964)		(306,819)		5,272,672		(735,115)		255,592		(149,973)		(244,082)


Net change in contract owners’ equity			(2,854,992)		(4,576,338)		1,122,811		3,841,450		(204,460)		(126,856)		(108,232)		(288,247)
Contract owners’ equity beginning of period			12,309,331		16,885,669		9,458,732		5,617,282		3,799,603		3,926,459		354,341		642,588

Contract owners’ equity end of period	$		9,454,339		12,309,331		10,581,543		9,458,732		3,595,143		3,799,603		246,109		354,341


CHANGES IN UNITS:
Beginning units			746,323		794,544		782,269		417,590		519,645		484,564		48,864		79,753
Units purchased			46,497		65,478		108,029		456,255		26,375		99,647		-		3,160
Units redeemed			(303,872)		(113,699)		(132,242)		(91,576)		(120,605)		(64,566)		(19,410)		(34,049)

Ending units			488,948		746,323		758,056		782,269		425,415		519,645		29,454		48,864

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		NVNMO1				NVNSR1				NVCRA1				NVCRB1
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		184,009		82,877		3,437		4,918		21,704		23,480		2,077,392		3,311,899
Realized gain (loss) on investments			121,570		302,023		(19,163)		15,366		8,847		5,008		139,460		175,111
Change in unrealized gain (loss) on investments			765,221		(2,133,159)		66,874		(98,685)		186,533		(129,907)		10,670,271		(6,151,589)
Reinvested capital gains			906,240		112,348		-		-		78,619		18,185		1,732,498		842,924

Net increase (decrease) in contract owners’ equity resulting from operations			1,977,040		(1,635,911)		51,148		(78,401)		295,703		(83,234)		14,619,621		(1,821,655)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			749,709		831,892		5,890		60,938		633,868		433,547		1,673,681		1,091,670
Transfers between funds			(488,529)		(512,444)		(253,372)		377,389		(15,958)		525,943		(590,257)		245,346
Surrenders (note 6)			(931,607)		(1,163,203)		(46,638)		(3,836)		(83,909)		(5,791)		(128,811)		(89,581)
Death Benefits (note 4)			(66,858)		(45,796)		(24,169)		-		(6,682)		-		(194,478)		(587,338)
Net policy repayments (loans) (note 5)			127,627		21,975		(55)		7		(124,444)		325		(184,058)		(3,799)
Deductions for surrender charges (note 2d)			(1,207)		(3,649)		(185)		-		(247)		-		(5)		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(641,383)		(725,078)		(18,016)		(31,708)		(98,784)		(58,941)		(1,413,729)		(1,296,852)
Asset charges (note 3):
FPVUL & VEL contracts			(46,875)		(53,800)		(600)		(844)		(6,346)		(4,028)		(9,390)		(6,289)
MSP contracts			(1,446)		(1,567)		-		-		(191)		(255)		(753)		(921)
SL contracts or LSFP contracts			(3,181)		(4,294)		(517)		(904)		(27)		-		(778)		(756)
Adjustments to maintain reserves			(7)		(3)		(1)		6		(294)		(14)		433		(42)

Net equity transactions			(1,303,757)		(1,655,967)		(337,663)		401,048		296,986		890,786		(848,145)		(648,562)


Net change in contract owners’ equity			673,283		(3,291,878)		(286,515)		322,647		592,689		807,552		13,771,476		(2,470,217)
Contract owners’ equity beginning of period			12,334,102		15,625,980		577,642		254,995		1,627,920		820,368		131,695,993		134,166,210

Contract owners’ equity end of period	$		13,007,385		12,334,102		291,127		577,642		2,220,609		1,627,920		145,467,469		131,695,993


CHANGES IN UNITS:
Beginning units			1,522,830		1,705,119		59,405		25,390		181,772		85,746		10,312,801		10,344,415
Units purchased			100,661		110,959		564		37,712		89,029		104,993		157,651		118,128
Units redeemed			(250,195)		(293,248)		(33,117)		(3,697)		(57,424)		(8,967)		(206,244)		(149,742)

Ending units			1,373,296		1,522,830		26,852		59,405		213,377		181,772		10,264,208		10,312,801

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		NVCCA1				NVCCN1				NVCMD1				NVCMA1
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		61,958		88,531		78,878		49,827		82,677		117,415		64,190		125,102
Realized gain (loss) on investments			45,419		166,720		68,960		52,405		187,773		182,885		160,406		250,357
Change in unrealized gain (loss) on investments			350,506		(462,112)		60,798		(90,770)		263,737		(489,070)		323,576		(693,783)
Reinvested capital gains			58,676		23,688		57,577		11,270		91,788		31,784		126,838		47,031

Net increase (decrease) in contract owners’ equity resulting from operations			516,559		(183,173)		266,213		22,732		625,975		(156,986)		675,010		(271,293)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			1,209,973		1,365,202		1,117,649		763,931		308,528		726,905		379,312		709,421
Transfers between funds			53,629		595,011		883,869		674,698		(203,267)		1,505,493		(47,771)		78,494
Surrenders (note 6)			(144,168)		(1,851,092)		(204,917)		(17,512)		(185,349)		(68,703)		(417,941)		(252,088)
Death Benefits (note 4)			(193)		-		(168)		(11,784)		(58,761)		(24,908)		(3,272)		(4,344)
Net policy repayments (loans) (note 5)			(232,250)		6,918		(69,446)		(35,799)		(35,785)		57,224		(97,461)		(16,719)
Deductions for surrender charges (note 2d)			(1,829)		(2,419)		-		-		(1,289)		(116)		(4,663)		(3,281)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(195,567)		(167,846)		(184,438)		(111,708)		(268,441)		(199,039)		(166,013)		(183,958)
Asset charges (note 3):
FPVUL & VEL contracts			(12,502)		(11,521)		(11,420)		(5,795)		(15,434)		(11,824)		(15,079)		(16,057)
MSP contracts			(354)		(345)		(479)		(369)		(923)		(899)		(3,040)		(3,091)
SL contracts or LSFP contracts			(1,360)		(2,444)		(248)		(54)		(4,953)		(4,485)		(4,686)		(4,131)
Adjustments to maintain reserves			(1)		1		(1,542)		2		(4)		(35)		(1,746)		(4)

Net equity transactions			675,378		(68,535)		1,528,860		1,255,610		(465,678)		1,979,613		(382,360)		304,242


Net change in contract owners’ equity			1,191,937		(251,708)		1,795,073		1,278,342		160,297		1,822,627		292,650		32,949
Contract owners’ equity beginning of period			3,465,261		3,716,969		2,750,365		1,472,023		5,419,791		3,597,164		4,864,965		4,832,016

Contract owners’ equity end of period	$		4,657,198		3,465,261		4,545,438		2,750,365		5,580,088		5,419,791		5,157,615		4,864,965


CHANGES IN UNITS:
Beginning units			353,322		366,231		244,943		133,059		534,737		346,937		514,059		487,147
Units purchased			138,297		129,258		173,922		141,157		41,918		216,734		41,616		78,376
Units redeemed			(74,110)		(142,167)		(42,577)		(29,273)		(87,052)		(28,934)		(80,409)		(51,464)

Ending units			417,509		353,322		376,288		244,943		489,603		534,737		475,266		514,059

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		NVCMC1				NVCBD1				NVLCP1				TRF
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		32,286		27,182		28,512		28,621		29,072		8,266		1,063,425		924,499
Realized gain (loss) on investments			44,254		96,093		31,232		6,246		30,973		2,649		(2,231,546)		(2,559,712)
Change in unrealized gain (loss) on investments			46,209		(136,877)		6,486		17,136		(16,928)		9,719		11,979,240		2,194,782
Reinvested capital gains			32,698		6,423		5,677		-		23,769		232		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			155,447		(7,179)		71,907		52,003		66,886		20,866		10,811,119		559,569


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			571,494		330,078		52,913		49,428		21,778		16,503		2,786,942		3,004,516
Transfers between funds			437,370		57,945		27,162		334,032		824,814		245,619		(10,677,049)		(2,236,340)
Surrenders (note 6)			(18,867)		(172,009)		(134,234)		(70,331)		(31,603)		(7,264)		(1,812,568)		(2,220,965)
Death Benefits (note 4)			(148,972)		-		-		-		(47,914)		-		(605,376)		(399,452)
Net policy repayments (loans) (note 5)			(99,884)		(1,067)		(9,622)		(10,922)		19,722		(1,431)		(200,903)		(192,914)
Deductions for surrender charges (note 2d)			-		(3,045)		(1,439)		(4,954)		-		-		(7,156)		(17,552)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(102,249)		(78,312)		(33,770)		(34,165)		(67,375)		(25,505)		(2,635,150)		(2,728,105)
Asset charges (note 3):
FPVUL & VEL contracts			(3,740)		(2,460)		(2,796)		(2,553)		(1,771)		(1,060)		(137,393)		(137,553)
MSP contracts			(2,114)		(2,227)		(103)		(83)		-		-		(7,537)		(7,674)
SL contracts or LSFP contracts			(145)		(186)		(1,078)		(1,072)		(1,040)		(56)		(6,426)		(6,576)
Adjustments to maintain reserves			(2)		4		(3)		1		(2)		(2)		1,369		(497)

Net equity transactions			632,891		128,721		(102,970)		259,381		716,609		226,804		(13,301,247)		(4,943,112)


Net change in contract owners’ equity			788,338		121,542		(31,063)		311,384		783,495		247,670		(2,490,128)		(4,383,543)
Contract owners’ equity beginning of period			1,234,991		1,113,449		995,438		684,054		480,024		232,354		81,586,181		85,969,724

Contract owners’ equity end of period	$		2,023,329		1,234,991		964,375		995,438		1,263,519		480,024		79,096,053		81,586,181


CHANGES IN UNITS:
Beginning units			114,875		103,299		80,629		59,061		35,901		18,485		6,666,988		7,045,126
Units purchased			87,328		43,660		14,746		34,635		68,864		20,454		204,142		239,180
Units redeemed			(33,847)		(32,084)		(22,883)		(13,067)		(16,762)		(3,038)		(1,240,422)		(617,318)

Ending units			168,356		114,875		72,492		80,629		88,003		35,901		5,630,708		6,666,988

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		GBF				CAF				GVIX2				GVIX6
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		2,781,071		3,234,338		76,038		77,737		162,066		188,406		23,933		21,240
Realized gain (loss) on investments			535,686		403,773		578,688		643,810		(75,071)		48,569		(6,975)		12,811
Change in unrealized gain (loss) on investments			(3,875,782)		3,883,294		1,108,487		(819,555)		1,084,277		(1,340,495)		139,722		(139,217)
Reinvested capital gains			4,319,147		332,705		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			3,760,122		7,854,110		1,763,213		(98,008)		1,171,272		(1,103,520)		156,680		(105,166)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			3,292,936		4,170,130		1,168,928		1,233,752		651,738		463,606		94,849		95,149
Transfers between funds			17,257,166		(1,482,738)		322,777		20,371		(1,086,317)		1,436,470		96,243		145,852
Surrenders (note 6)			(5,432,228)		(6,128,592)		(987,798)		(1,040,157)		(19,053)		(58,996)		(87,677)		(5,575)
Death Benefits (note 4)			(294,177)		(405,386)		(94,082)		(47,967)		(3,538)		(2,190)		(7,045)		-
Net policy repayments (loans) (note 5)			172,894		777,095		71,000		(61,852)		(130,524)		(74)		(6,503)		1,110
Deductions for surrender charges (note 2d)			(6,681)		(30,162)		(704)		(1,932)		-		-		(4,278)		(456)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(3,773,197)		(3,568,165)		(954,534)		(976,590)		(121,970)		(105,043)		(23,980)		(26,594)
Asset charges (note 3):
FPVUL & VEL contracts			(104,402)		(110,597)		(60,128)		(59,037)		(2,621)		(1,453)		(1,430)		(1,355)
MSP contracts			(8,798)		(9,392)		(1,485)		(1,530)		-		-		(49)		(42)
SL contracts or LSFP contracts			(27,223)		(25,962)		(2,464)		(2,552)		-		-		(1,343)		(1,299)
Adjustments to maintain reserves			623		38		54		43		78		(6)		(5)		2

Net equity transactions			11,076,913		(6,813,731)		(538,436)		(937,451)		(712,207)		1,732,314		58,782		206,792


Net change in contract owners’ equity			14,837,035		1,040,379		1,224,777		(1,035,459)		459,065		628,794		215,462		101,626
Contract owners’ equity beginning of period			117,902,212		116,861,833		12,734,936		13,770,395		7,206,513		6,577,719		777,610		675,984

Contract owners’ equity end of period	$		132,739,247		117,902,212		13,959,713		12,734,936		7,665,578		7,206,513		993,072		777,610


CHANGES IN UNITS:
Beginning units			6,292,641		6,649,298		1,360,798		1,455,537		1,046,431		832,298		94,205		71,480
Units purchased			1,165,075		408,602		171,722		177,222		118,454		262,613		22,812		26,977
Units redeemed			(609,065)		(765,259)		(227,618)		(271,961)		(222,981)		(48,480)		(15,314)		(4,252)

Ending units			6,848,651		6,292,641		1,304,902		1,360,798		941,904		1,046,431		101,703		94,205

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		GVIDA				NVDBL2				NVDCA2				GVIDC
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		319,201		464,517		23,788		3,141		5,903		3,952		192,970		322,931
Realized gain (loss) on investments			(730,441)		(3,985,702)		4,955		873		4,896		3,940		328,956		589,714
Change in unrealized gain (loss) on investments			3,872,789		2,542,414		28,356		(4,970)		22,513		(12,931)		(85,405)		(584,410)
Reinvested capital gains			-		-		15,045		184		3,931		233		157,485		46,273

Net increase (decrease) in contract owners’ equity resulting from operations			3,461,549		(978,771)		72,144		(772)		37,243		(4,806)		594,006		374,508


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			1,678,655		3,374,258		18,982		15,813		44,573		43,120		497,748		711,755
Transfers between funds			(2,418,771)		(1,493,952)		1,264,264		81,770		7,570		130,599		449,736		(1,221,860)
Surrenders (note 6)			(3,269,805)		(3,576,407)		(51,095)		(14,462)		(5,518)		(26)		(974,344)		(869,276)
Death Benefits (note 4)			(12,571)		(8,253)		-		-		-		-		(277,261)		(245,865)
Net policy repayments (loans) (note 5)			(236,967)		(258,681)		(4,916)		(19)		969		(254)		(51,678)		(24,619)
Deductions for surrender charges (note 2d)			(58,545)		(68,120)		-		-		-		-		(1,960)		(15,025)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(958,129)		(1,057,140)		(35,963)		(8,423)		(15,405)		(11,643)		(478,934)		(517,485)
Asset charges (note 3):
FPVUL & VEL contracts			(68,990)		(72,536)		(2,538)		(889)		(1,003)		(748)		(26,033)		(25,917)
MSP contracts			(5,060)		(5,165)		(12)		(36)		-		-		(7,922)		(7,837)
SL contracts or LSFP contracts			(5,133)		(5,414)		(640)		-		(437)		(172)		(2,271)		(3,366)
Adjustments to maintain reserves			132		1,189		4		(8)		-		2		34		(6)

Net equity transactions			(5,355,184)		(3,170,221)		1,188,086		73,746		30,749		160,878		(872,885)		(2,219,501)


Net change in contract owners’ equity			(1,893,635)		(4,148,992)		1,260,230		72,974		67,992		156,072		(278,879)		(1,844,993)
Contract owners’ equity beginning of period			23,799,572		27,948,564		165,980		93,006		282,489		126,417		11,847,913		13,692,906

Contract owners’ equity end of period	$		21,905,937		23,799,572		1,426,210		165,980		350,481		282,489		11,569,034		11,847,913


CHANGES IN UNITS:
Beginning units			1,613,233		1,822,508		12,871		7,276		20,856		9,246		813,221		968,053
Units purchased			109,323		168,137		94,018		10,979		4,025		12,761		98,961		76,781
Units redeemed			(440,829)		(377,412)		(5,783)		(5,384)		(1,829)		(1,151)		(156,257)		(231,613)

Ending units			1,281,727		1,613,233		101,106		12,871		23,052		20,856		755,925		813,221

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		GVIDM				GVDMA				GVDMC				MCIF
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		1,122,517		1,658,691		1,160,635		1,552,463		285,370		384,722		543,093		388,040
Realized gain (loss) on investments			(1,819,431)		(2,265,458)		(1,452,859)		(1,940,557)		(93,047)		(315,394)		594,311		(1,270,826)
Change in unrealized gain (loss) on investments			8,118,855		627,883		9,550,803		(1,218,419)		990,611		296,956		3,940,213		(591,806)
Reinvested capital gains			-		-		-		-		66,877		-		3,855,772		966,474

Net increase (decrease) in contract owners’ equity resulting from operations			7,421,941		21,116		9,258,579		(1,606,513)		1,249,811		366,284		8,933,389		(508,118)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			3,874,511		5,086,626		6,187,077		6,760,857		884,447		935,459		3,317,787		2,998,002
Transfers between funds			(5,884,225)		(6,010,159)		(2,080,904)		(2,969,879)		423,024		(1,083,185)		(1,994,548)		4,992,751
Surrenders (note 6)			(4,650,215)		(7,592,262)		(6,057,436)		(6,724,913)		(450,141)		(1,274,729)		(5,885,452)		(8,036,581)
Death Benefits (note 4)			(607,056)		(268,569)		(134,786)		(254,899)		(247,132)		(242,085)		(148,586)		(172,368)
Net policy repayments (loans) (note 5)			(579,253)		(367,290)		(564,659)		(372,836)		(179,009)		(114,287)		(360,174)		(89,330)
Deductions for surrender charges (note 2d)			(52,558)		(107,418)		(123,456)		(256,725)		(8,690)		(16,923)		(52,113)		(17,519)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(3,009,000)		(3,297,709)		(3,131,192)		(3,321,782)		(692,215)		(730,179)		(1,536,594)		(1,592,203)
Asset charges (note 3):
FPVUL & VEL contracts			(187,109)		(193,809)		(236,596)		(246,463)		(40,598)		(39,811)		(88,620)		(91,002)
MSP contracts			(34,462)		(35,811)		(18,165)		(18,470)		(18,141)		(18,221)		(1,527)		(1,706)
SL contracts or LSFP contracts			(30,144)		(35,365)		(36,080)		(34,489)		(7,466)		(7,662)		(11,276)		(12,860)
Adjustments to maintain reserves			(451)		(292)		(17,166)		28		25		(5)		209		482

Net equity transactions			(11,159,962)		(12,822,058)		(6,213,363)		(7,439,571)		(335,896)		(2,591,628)		(6,760,894)		(2,022,334)


Net change in contract owners’ equity			(3,738,021)		(12,800,942)		3,045,216		(9,046,084)		913,915		(2,225,344)		2,172,495		(2,530,452)
Contract owners’ equity beginning of period			73,330,638		86,131,580		70,246,569		79,292,653		16,125,480		18,350,824		55,274,015		57,804,467

Contract owners’ equity end of period	$		69,592,617		73,330,638		73,291,785		70,246,569		17,039,395		16,125,480		57,446,510		55,274,015


CHANGES IN UNITS:
Beginning units			4,870,058		5,723,333		4,650,706		5,141,217		1,064,595		1,238,343		2,382,523		2,409,722
Units purchased			257,495		422,416		414,673		457,600		112,476		99,784		142,546		469,319
Units redeemed			(956,893)		(1,275,691)		(800,489)		(948,111)		(135,289)		(273,532)		(383,315)		(496,518)

Ending units			4,170,660		4,870,058		4,264,890		4,650,706		1,041,782		1,064,595		2,141,754		2,382,523

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		SAM				SAM5				NVMIG3				GVDIVI
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(17,194)		(17,262)		(444,932)		(479,675)		91,269		225,325		2,556		14,038
Realized gain (loss) on investments			13,908		-		-		-		405,624		402,933		(38,887)		(61,720)
Change in unrealized gain (loss) on investments			-		-		-		-		1,782,193		(2,233,220)		139,565		(76,477)
Reinvested capital gains			-		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			(3,286)		(17,262)		(444,932)		(479,675)		2,279,086		(1,604,962)		103,234		(124,159)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			8,357,674		8,417,535		58,138,519		62,025,620		983,049		1,038,000		(1)		(5)
Transfers between funds			21,028,982		15,243,416		(27,515,392)		(51,944,074)		(442,576)		(273,910)		(3,267)		(31,310)
Surrenders (note 6)			(29,267,209)		(21,958,793)		(30,293,786)		(31,088,665)		(1,077,913)		(1,295,468)		(21,808)		(62,530)
Death Benefits (note 4)			(304,978)		(768,130)		(352,092)		(260,075)		(294,314)		(72,985)		(950)		(4,201)
Net policy repayments (loans) (note 5)			1,136,142		1,836,300		(3,748,055)		676,561		(5,907)		(22,788)		(3,325)		(2,599)
Deductions for surrender charges (note 2d)			(212,087)		(320,994)		-		-		(3,602)		(6,532)		(485)		(584)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(5,660,248)		(5,760,948)		(5,270,802)		(5,118,453)		(802,691)		(879,697)		(25,015)		(29,018)
Asset charges (note 3):
FPVUL & VEL contracts			(294,975)		(326,043)		(24,461)		(18,304)		(58,440)		(64,636)		(2,079)		(2,461)
MSP contracts			(18,023)		(19,589)		-		-		(2,093)		(2,179)		(107)		(154)
SL contracts or LSFP contracts			(46,025)		(47,054)		-		-		(5,058)		(6,073)		(182)		(263)
Adjustments to maintain reserves			790		(2,373)		5,286		4,507		6		74		(14)		15

Net equity transactions			(5,279,957)		(3,706,673)		(9,060,783)		(25,722,883)		(1,709,539)		(1,586,194)		(57,233)		(133,110)


Net change in contract owners’ equity			(5,283,243)		(3,723,935)		(9,505,715)		(26,202,558)		569,547		(3,191,156)		46,001		(257,269)
Contract owners’ equity beginning of period			91,250,508		94,974,443		221,605,553		247,808,111		15,213,965		18,405,121		636,395		893,664

Contract owners’ equity end of period	$		85,967,265		91,250,508		212,099,838		221,605,553		15,783,512		15,213,965		682,396		636,395


CHANGES IN UNITS:
Beginning units			6,478,873		6,740,523		19,264,884		21,493,676		1,756,758		1,926,194		43,242		50,861
Units purchased			1,749,559		1,531,409		5,253,901		5,652,339		117,337		140,844		-		1
Units redeemed			(2,119,855)		(1,793,059)		(6,057,373)		(7,881,131)		(299,957)		(310,280)		(3,711)		(7,620)

Ending units			6,108,577		6,478,873		18,461,412		19,264,884		1,574,138		1,756,758		39,531		43,242

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		GVDIV3				NVMLG1				NVMLV1				NVMMG1
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		18,409		100,047		48,816		(3,144)		87,377		76,229		(223)		(203)
Realized gain (loss) on investments			(700,455)		(625,243)		398,612		254,252		872		161,782		2,059,130		1,945,976
Change in unrealized gain (loss) on investments			1,436,460		(340,538)		1,008,694		(517,881)		1,005,770		(901,778)		(479,350)		(3,192,784)
Reinvested capital gains			-		-		271,688		-		-		231,416		2,673,054		-

Net increase (decrease) in contract owners’ equity resulting from operations			754,414		(865,734)		1,727,810		(266,773)		1,094,019		(432,351)		4,252,611		(1,247,011)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			296,780		430,805		670,952		1,109,396		390,385		447,395		1,786,976		2,254,131
Transfers between funds			(81,405)		92,743		(1,782,727)		(282,079)		(443,155)		(137,091)		(1,030,570)		(1,705,218)
Surrenders (note 6)			(359,091)		(323,081)		(649,895)		(1,111,571)		(370,945)		(367,125)		(4,249,978)		(2,997,919)
Death Benefits (note 4)			(4,266)		(15,062)		(52,551)		(29,826)		(51,569)		(32,330)		(192,123)		(134,408)
Net policy repayments (loans) (note 5)			(14,679)		(31,886)		(5,580)		143,692		(16,832)		(45,449)		(103,767)		(7,213)
Deductions for surrender charges (note 2d)			(6,888)		(10,967)		(8,514)		(13,527)		(4,977)		(11,861)		(8,328)		(27,898)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(190,294)		(212,106)		(515,041)		(570,005)		(303,235)		(317,009)		(1,542,998)		(1,660,105)
Asset charges (note 3):
FPVUL & VEL contracts			(16,761)		(18,572)		(36,205)		(38,394)		(22,123)		(22,907)		(115,024)		(119,955)
MSP contracts			(184)		(204)		(1,041)		(1,051)		(495)		(565)		(2,593)		(2,597)
SL contracts or LSFP contracts			(2,318)		(2,577)		(4,443)		(4,555)		(2,374)		(2,389)		(10,330)		(12,455)
Adjustments to maintain reserves			6		(13)		11		(344,897)		(1)		16,924		25		405

Net equity transactions			(379,100)		(90,920)		(2,385,034)		(1,142,817)		(825,321)		(472,407)		(5,468,710)		(4,413,232)


Net change in contract owners’ equity			375,314		(956,654)		(657,224)		(1,409,590)		268,698		(904,758)		(1,216,099)		(5,660,243)
Contract owners’ equity beginning of period			4,521,956		5,478,610		11,243,709		12,653,299		6,445,840		7,350,598		29,667,648		35,327,891

Contract owners’ equity end of period	$		4,897,270		4,521,956		10,586,485		11,243,709		6,714,538		6,445,840		28,451,549		29,667,648


CHANGES IN UNITS:
Beginning units			503,863		512,098		1,215,465		1,327,246		734,771		788,068		3,060,013		3,489,689
Units purchased			36,326		54,869		71,271		170,364		44,414		57,375		197,474		219,773
Units redeemed			(74,729)		(63,104)		(303,493)		(282,145)		(129,177)		(110,672)		(703,522)		(649,449)

Ending units			465,460		503,863		983,243		1,215,465		650,008		734,771		2,553,965		3,060,013

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		NVMMV1				NVMMV2				SCGF				SCVF
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		759		649		113,964		87,266		(6,615)		(7,456)		255,449		137,898
Realized gain (loss) on investments			1,533		(208)		237,316		521,704		140,615		(248,914)		(1,082,954)		(1,991,935)
Change in unrealized gain (loss) on investments			1,733		(5,728)		199,907		(865,842)		1,458,637		234,640		6,911,347		91,650
Reinvested capital gains			6,180		409		978,126		44,282		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			10,205		(4,878)		1,529,313		(212,590)		1,592,637		(21,730)		6,083,842		(1,762,387)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			2		(5)		446,791		760,134		637,007		687,394		1,728,708		1,845,424
Transfers between funds			(5,379)		1,284		(221,067)		(851,405)		(746,124)		(116,467)		(2,647,475)		(1,140,225)
Surrenders (note 6)			-		-		(670,476)		(1,168,528)		(657,001)		(1,186,190)		(1,827,568)		(5,342,407)
Death Benefits (note 4)			-		-		(15,218)		(29,063)		(53,913)		(49,546)		(657,285)		(111,501)
Net policy repayments (loans) (note 5)			(2,011)		(8)		7,008		(97,730)		(52,028)		19,957		(132,545)		(470,011)
Deductions for surrender charges (note 2d)			-		-		(1,392)		(7,706)		(3,879)		(7,187)		(8,817)		(17,894)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(1,970)		(1,527)		(462,699)		(520,636)		(497,028)		(528,812)		(1,341,936)		(1,416,212)
Asset charges (note 3):
FPVUL & VEL contracts			(26)		(14)		(37,815)		(40,831)		(35,649)		(36,902)		(97,981)		(101,325)
MSP contracts			-		-		(1,167)		(1,123)		(974)		(923)		(2,988)		(2,961)
SL contracts or LSFP contracts			-		-		(4,646)		(4,964)		(2,347)		(2,448)		(6,549)		(7,693)
Adjustments to maintain reserves			(3)		-		(3)		(1)		(11)		(853)		55		(2)

Net equity transactions			(9,387)		(270)		(960,684)		(1,961,853)		(1,411,947)		(1,221,977)		(4,994,381)		(6,764,807)


Net change in contract owners’ equity			818		(5,148)		568,629		(2,174,443)		180,690		(1,243,707)		1,089,461		(8,527,194)
Contract owners’ equity beginning of period			65,795		70,943		9,755,318		11,929,761		12,240,843		13,484,550		31,727,492		40,254,686

Contract owners’ equity end of period	$		66,613		65,795		10,323,947		9,755,318		12,421,533		12,240,843		32,816,953		31,727,492


CHANGES IN UNITS:
Beginning units			6,389		6,739		946,834		1,131,006		759,169		832,004		1,219,999		1,492,045
Units purchased			362		1,124		51,313		65,392		49,867		115,150		69,017		70,664
Units redeemed			(1,192)		(1,474)		(136,900)		(249,564)		(129,292)		(187,985)		(241,020)		(342,710)

Ending units			5,559		6,389		861,247		946,834		679,744		759,169		1,047,996		1,219,999

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		SCF				MSBF				NVSTB1				NVSTB2
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		22,223		226,382		332,554		648,559		450,303		85,154		30,942		41,896
Realized gain (loss) on investments			1,862,818		(5,234,397)		317,400		1,045,694		15,785		8,717		20,382		9,277
Change in unrealized gain (loss) on investments			4,712,844		2,297,643		921,942		(775,063)		124,608		(28,529)		30,852		(13,938)
Reinvested capital gains			-		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			6,597,885		(2,710,372)		1,571,896		919,190		590,696		65,342		82,176		37,235


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			1,988,922		2,125,166		470,905		551,905		9,154		9,198		67,878		94,830
Transfers between funds			(3,039,762)		(10,677,241)		(1,311,997)		(3,948,931)		23,312,721		(101,964)		257,184		(987,086)
Surrenders (note 6)			(4,131,333)		(5,840,599)		(812,353)		(1,889,854)		(50,000)		-		(421,223)		(682,297)
Death Benefits (note 4)			(155,788)		(153,125)		(91,537)		(175,046)		-		-		(7,256)		(31,984)
Net policy repayments (loans) (note 5)			348,676		(283,600)		(6,674)		(73,679)		(14,187)		(25,670)		(18,397)		84,753
Deductions for surrender charges (note 2d)			(31,523)		(25,642)		(3,617)		(6,405)		-		-		(645)		(15)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(1,589,263)		(1,748,983)		(467,620)		(496,863)		(183,665)		(79,925)		(64,604)		(75,454)
Asset charges (note 3):
FPVUL & VEL contracts			(101,430)		(108,272)		(31,977)		(32,365)		(18)		(19)		(4,669)		(5,692)
MSP contracts			(2,963)		(3,236)		(1,949)		(1,860)		-		-		(478)		(488)
SL contracts or LSFP contracts			(9,715)		(11,916)		(5,831)		(6,250)		-		-		(3,067)		(3,263)
Adjustments to maintain reserves			289		(1,821)		51		10		91		(1)		(6)		7

Net equity transactions			(6,723,890)		(16,729,269)		(2,262,599)		(6,079,338)		23,074,096		(198,381)		(195,283)		(1,606,689)


Net change in contract owners’ equity			(126,005)		(19,439,641)		(690,703)		(5,160,148)		23,664,792		(133,039)		(113,107)		(1,569,454)
Contract owners’ equity beginning of period			44,794,477		64,234,118		14,257,438		19,417,586		5,423,030		5,556,069		2,415,848		3,985,302

Contract owners’ equity end of period	$		44,668,472		44,794,477		13,566,735		14,257,438		29,087,822		5,423,030		2,302,741		2,415,848


CHANGES IN UNITS:
Beginning units			2,054,385		2,874,465		729,787		1,070,758		490,371		508,406		218,639		365,359
Units purchased			88,300		98,102		50,313		91,916		2,058,282		1,876		52,523		20,140
Units redeemed			(363,102)		(918,182)		(160,673)		(432,887)		(23,262)		(19,911)		(69,853)		(166,860)

Ending units			1,779,583		2,054,385		619,427		729,787		2,525,391		490,371		201,309		218,639

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		NVOLG1				NVTIV3				EIF				NVRE1
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		777,344		776,665		11,649		12,397		102,064		124,977		327,750		258,688
Realized gain (loss) on investments			1,256,903		260,324		(19,898)		(7,952)		(307,480)		(215,306)		2,183,109		1,467,534
Change in unrealized gain (loss) on investments			16,746,416		(3,572,901)		85,641		(74,518)		1,671,344		(98,112)		(791,271)		259,013
Reinvested capital gains			-		403,471		7,155		489		-		-		3,012,141		130,115

Net increase (decrease) in contract owners’ equity resulting from operations			18,780,663		(2,132,441)		84,547		(69,584)		1,465,928		(188,441)		4,731,729		2,115,350


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			6,842,312		7,868,043		27,841		43,827		437,665		512,721		1,674,704		1,703,977
Transfers between funds			(4,354,074)		(6,453,769)		43,166		327,224		(1,261,704)		264,474		(703,069)		2,999,218
Surrenders (note 6)			(8,571,165)		(10,571,405)		(55,244)		(10,051)		(695,333)		(1,113,724)		(2,162,174)		(3,341,571)
Death Benefits (note 4)			(479,420)		(727,340)		-		-		(16,615)		(8,743)		(197,098)		(186,980)
Net policy repayments (loans) (note 5)			(392,078)		(912,836)		13,711		(11,651)		25,329		17,001		(138,836)		(115,947)
Deductions for surrender charges (note 2d)			(58,054)		(87,062)		(1,546)		(337)		(23,837)		(23,790)		(22,624)		(29,801)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(5,535,135)		(5,708,891)		(18,315)		(13,928)		(383,625)		(417,284)		(1,332,424)		(1,283,788)
Asset charges (note 3):
FPVUL & VEL contracts			(428,324)		(437,040)		(1,341)		(1,033)		(30,901)		(32,078)		(102,745)		(96,579)
MSP contracts			(14,426)		(14,230)		-		-		(945)		(1,033)		(3,452)		(3,253)
SL contracts or LSFP contracts			(43,003)		(46,297)		(304)		(271)		(3,433)		(4,102)		(10,244)		(10,119)
Adjustments to maintain reserves			71		118		2		6		7		55		53		14

Net equity transactions			(13,033,296)		(17,090,709)		7,970		333,786		(1,953,392)		(806,503)		(2,997,909)		(364,829)


Net change in contract owners’ equity			5,747,367		(19,223,150)		92,517		264,202		(487,464)		(994,944)		1,733,820		1,750,521
Contract owners’ equity beginning of period			103,670,822		122,893,972		429,943		165,741		8,864,238		9,859,182		30,043,488		28,292,967

Contract owners’ equity end of period	$		109,418,189		103,670,822		522,460		429,943		8,376,774		8,864,238		31,777,308		30,043,488


CHANGES IN UNITS:
Beginning units			7,462,793		8,648,974		35,418		11,957		671,749		728,809		2,715,367		2,841,911
Units purchased			499,651		599,916		7,378		26,668		34,484		63,656		173,024		362,193
Units redeemed			(1,325,947)		(1,786,097)		(6,799)		(3,207)		(172,006)		(120,716)		(432,534)		(488,737)

Ending units			6,636,497		7,462,793		35,997		35,418		534,227		671,749		2,455,857		2,715,367

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		ALVGIA				ALVIVA				ALVSVA				ACVIG
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		119,666		86,344		112,986		503,585		49,177		41,672		345,491		257,023
Realized gain (loss) on investments			506,735		(1,820,550)		(1,259,367)		1,668,879		1,442,292		1,297,540		(221,743)		(159,456)
Change in unrealized gain (loss) on investments			653,369		2,315,307		2,127,025		(4,885,601)		(38,853)		(2,240,924)		2,174,954		471,234
Reinvested capital gains			-		-		-		-		347,078		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			1,279,770		581,101		980,644		(2,713,137)		1,799,694		(901,712)		2,298,702		568,801


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			355,062		330,344		838,020		885,861		755,094		833,145		906,460		830,607
Transfers between funds			366,730		(706,234)		(4,260,029)		(2,717,805)		(1,208,587)		465,701		(1,147,228)		(41,306)
Surrenders (note 6)			(179,647)		(3,947,642)		(111,410)		(1,111,613)		(1,356,725)		(936,181)		(742,507)		(907,788)
Death Benefits (note 4)			(19,878)		(49,032)		(3,252)		(1,690)		(38,494)		(55,234)		(92,321)		(88,559)
Net policy repayments (loans) (note 5)			(22,214)		122,290		(11,393)		9,355		(6,635)		(126,746)		68,692		(143,939)
Deductions for surrender charges (note 2d)			(1,188)		(3,011)		-		-		(1,889)		(3,131)		(1,788)		(4,388)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(190,890)		(174,105)		(144,217)		(220,709)		(219,465)		(254,214)		(755,524)		(779,462)
Asset charges (note 3):
FPVUL & VEL contracts			(9,858)		(9,383)		(3,620)		(3,334)		(17,054)		(19,091)		(48,838)		(48,213)
MSP contracts			(57)		(85)		-		-		(778)		(374)		(2,041)		(1,885)
SL contracts or LSFP contracts			(899)		(823)		-		-		(1,305)		(1,574)		(4,553)		(4,670)
Adjustments to maintain reserves			(468)		(13)		(354)		127		(245)		7		29		63

Net equity transactions			296,693		(4,437,694)		(3,696,255)		(3,159,808)		(2,096,083)		(97,692)		(1,819,619)		(1,189,540)


Net change in contract owners’ equity			1,576,463		(3,856,593)		(2,715,611)		(5,872,945)		(296,389)		(999,404)		479,083		(620,739)
Contract owners’ equity beginning of period			7,348,129		11,204,722		10,936,764		16,809,709		10,452,758		11,452,162		16,396,104		17,016,843

Contract owners’ equity end of period	$		8,924,592		7,348,129		8,221,153		10,936,764		10,156,369		10,452,758		16,875,187		16,396,104


CHANGES IN UNITS:
Beginning units			450,279		731,299		1,730,518		2,145,374		481,437		482,669		1,098,701		1,172,180
Units purchased			52,143		32,921		124,065		172,361		41,534		86,815		62,047		80,185
Units redeemed			(36,031)		(313,941)		(718,489)		(587,217)		(129,441)		(88,047)		(176,099)		(153,664)

Ending units			466,391		450,279		1,136,094		1,730,518		393,530		481,437		984,649		1,098,701

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		ACVIP2				ACVI				ACVMV1				ACVU1
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		867,407		1,311,944		29,113		119,496		127,242		60,750		(1,920)		(1,444)
Realized gain (loss) on investments			479,678		380,351		47,633		1,317,778		100,040		596,113		242,407		77,242
Change in unrealized gain (loss) on investments			352,341		1,551,582		584,636		(1,596,890)		391,069		(802,430)		(65,952)		(65,898)
Reinvested capital gains			796,891		387,031		-		-		336,528		110,630		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			2,496,317		3,630,908		661,382		(159,616)		954,879		(34,937)		174,535		9,900


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			2,277,636		1,122,583		94,294		68,873		729,393		739,381		47,903		16,853
Transfers between funds			(503,984)		383,404		(984,803)		(3,818,429)		801,973		621,474		(524,060)		411,997
Surrenders (note 6)			(980,938)		(925,304)		(244,055)		(1,600,410)		(252,062)		(190,660)		(42,454)		(4,985)
Death Benefits (note 4)			(37,371)		(50,034)		(2,631)		(12,557)		(51,550)		(156)		(1,057)		(1,503)
Net policy repayments (loans) (note 5)			303,473		(1,198,070)		1,461		(2,248)		(35,619)		(166,045)		121,014		(324)
Deductions for surrender charges (note 2d)			(11,118)		(8,509)		-		-		(4,109)		(2,242)		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(542,665)		(484,736)		(122,790)		(161,705)		(214,797)		(161,779)		(18,045)		(14,843)
Asset charges (note 3):
FPVUL & VEL contracts			(34,292)		(30,653)		(7)		2		(13,909)		(10,454)		-		1
MSP contracts			(1,722)		(1,427)		-		-		(582)		(561)		-		-
SL contracts or LSFP contracts			(63,305)		(60,497)		-		-		(996)		(1,142)		(3)		-
Adjustments to maintain reserves			(15)		370		1,653		(701)		(275)		(61)		9		(16)

Net equity transactions			405,699		(1,252,873)		(1,256,878)		(5,527,175)		957,467		827,755		(416,693)		407,180


Net change in contract owners’ equity			2,902,016		2,378,035		(595,496)		(5,686,791)		1,912,346		792,818		(242,158)		417,080
Contract owners’ equity beginning of period			33,628,071		31,250,036		4,119,050		9,805,841		5,206,884		4,414,066		1,448,839		1,031,759

Contract owners’ equity end of period	$		36,530,087		33,628,071		3,523,554		4,119,050		7,119,230		5,206,884		1,206,681		1,448,839


CHANGES IN UNITS:
Beginning units			2,138,750		2,220,925		380,507		823,661		337,657		284,028		119,563		85,998
Units purchased			231,868		178,096		11,440		13,972		103,692		100,199		12,359		35,633
Units redeemed			(207,091)		(260,271)		(123,359)		(457,126)		(44,002)		(46,570)		(44,204)		(2,068)

Ending units			2,163,527		2,138,750		268,588		380,507		397,347		337,657		87,718		119,563

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		ACVV				ACVVS1				DVMCS				DVSCS
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		259,591		282,542		(3,097)		(3,257)		4,067		8,814		120,572		163,784
Realized gain (loss) on investments			1,300,226		2,502,767		176,768		103,892		43,980		361,543		3,924,504		2,233,176
Change in unrealized gain (loss) on investments			339,426		(2,977,804)		95,028		(256,971)		159,764		(339,265)		643,966		(1,232,864)
Reinvested capital gains			-		-		-		-		-		-		1,513,153		91,150

Net increase (decrease) in contract owners’ equity resulting from operations			1,899,243		(192,495)		268,699		(156,336)		207,811		31,092		6,202,195		1,255,246


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			832,566		709,128		66,997		98,762		5,004		5,757		2,431,965		1,902,444
Transfers between funds			(2,518,646)		(2,882,803)		(203,694)		30,808		(81,937)		(476,050)		1,355,461		7,590,034
Surrenders (note 6)			(946,719)		(1,136,444)		(51,999)		(4,541)		(366)		(89,758)		(1,482,959)		(5,461,521)
Death Benefits (note 4)			(9,823)		(12,601)		-		(368)		(1,586)		(8,501)		(119,315)		(157,065)
Net policy repayments (loans) (note 5)			(5,081)		164,788		(119)		(1,791)		341		(800)		46,758		369,634
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		(7,956)		(11,990)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(261,957)		(261,127)		(60,073)		(60,555)		(20,181)		(22,606)		(857,552)		(761,536)
Asset charges (note 3):
FPVUL & VEL contracts			(3,129)		(1,951)		(162)		(138)		-		-		(33,938)		(32,070)
MSP contracts			-		-		(68)		(52)		-		-		(713)		(671)
SL contracts or LSFP contracts			(10)		(3)		-		-		-		-		(5,170)		(4,769)
Adjustments to maintain reserves			215		5,748		(63)		100		13		(26)		286		(203)

Net equity transactions			(2,912,584)		(3,415,265)		(249,181)		62,225		(98,712)		(591,984)		1,326,867		3,432,287


Net change in contract owners’ equity			(1,013,341)		(3,607,760)		19,518		(94,111)		109,099		(560,892)		7,529,062		4,687,533
Contract owners’ equity beginning of period			14,690,018		18,297,778		1,765,107		1,859,218		1,122,427		1,683,319		40,173,658		35,486,125

Contract owners’ equity end of period	$		13,676,677		14,690,018		1,784,625		1,765,107		1,231,526		1,122,427		47,702,720		40,173,658


CHANGES IN UNITS:
Beginning units			791,946		1,008,805		142,403		137,914		61,460		92,624		2,377,614		2,106,955
Units purchased			88,419		87,166		5,872		11,281		307		320		265,580		694,867
Units redeemed			(239,778)		(304,025)		(23,607)		(6,792)		(5,318)		(31,484)		(199,576)		(424,208)

Ending units			640,587		791,946		124,668		142,403		56,449		61,460		2,443,618		2,377,614

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		DCAP				DSC				DVIV				SVSSVB
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		1,270,943		424,150		-		3,802		421,680		337,736		12,652		7,491
Realized gain (loss) on investments			(249,360)		(180,824)		29,761		186,543		49,247		(1,634,917)		77,184		371,880
Change in unrealized gain (loss) on investments			2,297,566		2,159,104		135,199		(292,528)		605,310		(1,642,358)		7,784		(521,679)
Reinvested capital gains			-		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			3,319,149		2,402,430		164,960		(102,183)		1,076,237		(2,939,539)		97,620		(142,308)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			2,333,345		1,535,408		60,807		66,094		459,625		416,092		73,253		57,683
Transfers between funds			4,032,424		2,313,575		94,847		(99,523)		(5,904,556)		(1,119,983)		(1,222,629)		136,896
Surrenders (note 6)			(1,929,911)		(1,386,404)		(28,792)		(149,229)		(716,385)		(5,176,988)		(131,251)		(51,399)
Death Benefits (note 4)			(261,128)		(114,354)		(19,478)		-		(44,508)		(9,102)		(2,137)		-
Net policy repayments (loans) (note 5)			(21,220)		(156,249)		(25,158)		(8,455)		272,444		138,481		1,018		(16,134)
Deductions for surrender charges (note 2d)			(13,837)		(12,315)		(460)		(419)		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(1,115,860)		(913,393)		(33,258)		(36,163)		(165,400)		(204,713)		(22,870)		(29,414)
Asset charges (note 3):
FPVUL & VEL contracts			(70,778)		(60,290)		(3,048)		(2,771)		(474)		(421)		(214)		(240)
MSP contracts			(1,601)		(1,375)		-		-		-		-		-		-
SL contracts or LSFP contracts			(6,284)		(5,026)		(278)		(437)		-		-		-		-
Adjustments to maintain reserves			(683)		8		(9)		1,099		78		(8)		(291)		(5)

Net equity transactions			2,944,467		1,199,585		45,173		(229,804)		(6,099,176)		(5,956,642)		(1,305,121)		97,387


Net change in contract owners’ equity			6,263,616		3,602,015		210,133		(331,987)		(5,022,939)		(8,896,181)		(1,207,501)		(44,921)
Contract owners’ equity beginning of period			28,862,094		25,260,079		717,023		1,049,010		14,389,288		23,285,469		1,817,071		1,861,992

Contract owners’ equity end of period	$		35,125,710		28,862,094		927,156		717,023		9,366,349		14,389,288		609,570		1,817,071


CHANGES IN UNITS:
Beginning units			1,758,639		1,664,910		57,519		72,500		951,686		1,253,463		195,620		187,340
Units purchased			403,216		282,563		11,898		5,622		30,970		34,144		8,462		26,002
Units redeemed			(201,303)		(188,834)		(7,727)		(20,603)		(431,426)		(335,921)		(146,145)		(17,722)

Ending units			1,960,552		1,758,639		61,690		57,519		551,230		951,686		57,937		195,620

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		SVSLVB				FVCA2P				FQB				FCS
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		2,304		(241)		6,732		5,790		1,341,133		1,779,807		577,616		412,540
Realized gain (loss) on investments			(3,539)		(4,261)		84,222		(32,016)		295,343		60,682		6,648,989		7,635,162
Change in unrealized gain (loss) on investments			13,934		(9,724)		(23,557)		(808)		1,366,720		(1,070,706)		1,240,386		(9,188,011)
Reinvested capital gains			-		-		68,556		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			12,699		(14,226)		135,953		(27,034)		3,003,196		769,783		8,466,991		(1,140,309)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			-		31,120		46,046		51,170		1,336,985		1,726,160		1,561,323		1,640,692
Transfers between funds			(48,045)		183,659		(588,311)		367,974		(4,263,835)		(2,628,937)		(6,535,385)		(7,688,986)
Surrenders (note 6)			-		-		(31,727)		(14,799)		(1,738,002)		(2,037,669)		(1,929,268)		(3,906,527)
Death Benefits (note 4)			-		-		(519)		-		(77,707)		(189,631)		(103,559)		(74,687)
Net policy repayments (loans) (note 5)			-		-		(2,213)		(17,753)		(67,205)		(288,741)		87,160		157,584
Deductions for surrender charges (note 2d)			-		-		(433)		(427)		(7,030)		(14,081)		-		(99)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(2,670)		(2,687)		(28,173)		(28,101)		(995,542)		(1,075,544)		(770,493)		(711,675)
Asset charges (note 3):
FPVUL & VEL contracts			-		-		(1,947)		(2,365)		(65,386)		(69,354)		(1,098)		5,012
MSP contracts			-		-		-		(7)		(3,670)		(3,599)		-		-
SL contracts or LSFP contracts			-		-		(1,435)		(988)		(7,001)		(7,922)		(10)		(12)
Adjustments to maintain reserves			(10)		(26,580)		(3)		(5)		112		(64)		747		683

Net equity transactions			(50,725)		185,512		(608,715)		354,699		(5,888,281)		(4,589,382)		(7,690,583)		(10,578,015)


Net change in contract owners’ equity			(38,026)		171,286		(472,762)		327,665		(2,885,085)		(3,819,599)		776,408		(11,718,324)
Contract owners’ equity beginning of period			171,286		-		1,168,624		840,959		33,170,868		36,990,467		56,095,118		67,813,442

Contract owners’ equity end of period	$		133,260		171,286		695,862		1,168,624		30,285,783		33,170,868		56,871,526		56,095,118


CHANGES IN UNITS:
Beginning units			18,550		-		80,819		55,080		1,750,119		1,993,165		3,445,057		4,047,421
Units purchased			107		18,834		3,155		39,389		86,849		130,453		122,373		203,897
Units redeemed			(5,437)		(284)		(40,294)		(13,650)		(381,482)		(373,499)		(567,397)		(806,261)

Ending units			13,220		18,550		43,680		80,819		1,455,486		1,750,119		3,000,033		3,445,057

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		FNRS2				FEIS				FF10S				FF20S
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		71,919		97,744		1,715,310		1,334,028		39,158		50,291		231,460		208,972
Realized gain (loss) on investments			881,293		1,551,497		(3,577,949)		(3,347,319)		173,317		(17,497)		405,896		246,023
Change in unrealized gain (loss) on investments			(470,914)		(2,436,990)		7,321,029		3,101,487		11,554		(74,254)		621,823		(755,413)
Reinvested capital gains			-		-		3,742,101		-		32,032		12,754		143,652		39,753

Net increase (decrease) in contract owners’ equity resulting from operations			482,298		(787,749)		9,200,491		1,088,196		256,061		(28,706)		1,402,831		(260,665)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			469,704		832,996		3,139,462		3,179,651		75,645		54,062		433,937		652,574
Transfers between funds			(597,712)		2,009,226		(968,516)		(7,664,698)		(179,125)		566,405		1,509,108		2,913,889
Surrenders (note 6)			(1,028,369)		(867,571)		(3,868,598)		(4,488,825)		(118,670)		(25,091)		(384,160)		(181,077)
Death Benefits (note 4)			(20,916)		(26,438)		(218,538)		(241,261)		(98,234)		-		(107,349)		-
Net policy repayments (loans) (note 5)			(64,442)		(245,690)		(161,925)		(264,558)		(12,777)		2,635		5,262		(17,662)
Deductions for surrender charges (note 2d)			(17,143)		(14,037)		(20,221)		(31,322)		(1,465)		(132)		(7,066)		(11)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(412,976)		(468,554)		(2,407,482)		(2,464,257)		(73,035)		(69,499)		(309,573)		(255,050)
Asset charges (note 3):
FPVUL & VEL contracts			(32,003)		(37,242)		(151,669)		(153,262)		(4,923)		(5,312)		(20,045)		(14,860)
MSP contracts			(2,324)		(2,802)		(6,433)		(6,297)		(3,974)		(4,071)		(3,595)		(4,235)
SL contracts or LSFP contracts			(5,229)		(5,828)		(18,325)		(19,423)		(396)		(271)		(3,921)		(4,833)
Adjustments to maintain reserves			16		(103)		499		(227)		(11)		19		53		(17)

Net equity transactions			(1,711,394)		1,173,957		(4,681,746)		(12,154,479)		(416,965)		518,745		1,112,651		3,088,718


Net change in contract owners’ equity			(1,229,096)		386,208		4,518,745		(11,066,283)		(160,904)		490,039		2,515,482		2,828,053
Contract owners’ equity beginning of period			10,373,322		9,987,114		54,708,600		65,774,883		2,406,104		1,916,065		10,426,605		7,598,552

Contract owners’ equity end of period	$		9,144,226		10,373,322		59,227,345		54,708,600		2,245,200		2,406,104		12,942,087		10,426,605


CHANGES IN UNITS:
Beginning units			594,575		542,677		3,583,649		4,418,669		178,949		141,827		781,548		562,329
Units purchased			33,553		136,745		381,050		233,162		10,196		48,716		130,418		257,494
Units redeemed			(127,696)		(84,847)		(623,607)		(1,068,182)		(39,710)		(11,594)		(53,479)		(38,275)

Ending units			500,432		594,575		3,341,092		3,583,649		149,435		178,949		858,487		781,548

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		FF30S				FFINS				FGOS				FGS
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		103,904		126,796		19,705		24,769		2,434		(1,463)		272,790		118,736
Realized gain (loss) on investments			633,107		(158,694)		(10,204)		(10,547)		237,009		273,042		1,888,205		3,913,247
Change in unrealized gain (loss) on investments			110,054		(241,776)		68,292		(48,249)		84,066		(247,928)		6,367,370		(3,406,084)
Reinvested capital gains			52,130		19,510		21,588		5,827		-		-		-		232,328

Net increase (decrease) in contract owners’ equity resulting from operations			899,195		(254,164)		99,381		(28,200)		323,509		23,651		8,528,365		858,227


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			416,379		396,715		28		(5)		7,537		38,694		3,751,188		4,451,562
Transfers between funds			(1,692,953)		3,119,459		(232,781)		1,944,910		(598,184)		397,221		(1,146,965)		(6,753,768)
Surrenders (note 6)			(317,400)		(466,969)		(44,315)		(61,400)		-		-		(4,333,737)		(5,689,317)
Death Benefits (note 4)			(8,718)		-		(6,763)		-		-		(1,204)		(518,999)		(257,052)
Net policy repayments (loans) (note 5)			(6,739)		(21,852)		-		-		619		52		(29,182)		300,766
Deductions for surrender charges (note 2d)			(8,593)		(6,304)		-		-		-		-		(38,833)		(23,228)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(165,102)		(181,220)		(11,878)		(7,154)		(27,739)		-		(3,021,692)		(3,035,360)
Asset charges (note 3):
FPVUL & VEL contracts			(13,512)		(13,122)		-		-		-		-		(186,783)		(184,576)
MSP contracts			(1,413)		(1,569)		-		-		-		-		(5,940)		(6,021)
SL contracts or LSFP contracts			(913)		(1,226)		-		-		-		-		(14,314)		(14,570)
Adjustments to maintain reserves			19		(7)		11		1		(1,997)		(31)		(620)		434

Net equity transactions			(1,798,945)		2,823,905		(295,698)		1,876,352		(619,764)		434,732		(5,545,877)		(11,211,130)


Net change in contract owners’ equity			(899,750)		2,569,741		(196,317)		1,848,152		(296,255)		458,383		2,982,488		(10,352,903)
Contract owners’ equity beginning of period			6,562,007		3,992,266		1,848,152		-		1,994,177		1,535,794		59,835,581		70,188,484

Contract owners’ equity end of period	$		5,662,257		6,562,007		1,651,835		1,848,152		1,697,922		1,994,177		62,818,069		59,835,581


CHANGES IN UNITS:
Beginning units			504,938		297,508		180,523		-		207,918		162,059		4,499,240		5,473,788
Units purchased			77,345		258,646		-		187,205		5,818		48,933		315,319		425,685
Units redeemed			(205,512)		(51,216)		(28,597)		(6,682)		(68,042)		(3,074)		(655,914)		(1,400,233)

Ending units			376,771		504,938		151,926		180,523		145,694		207,918		4,158,645		4,499,240

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		FHIS				FHISR				FIP				FIGBS
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		854,480		918,890		275,541		274,609		523,333		399,521		704,787		1,210,867
Realized gain (loss) on investments			987,982		179,448		70,464		294,619		232,791		1,332,407		73,226		978,007
Change in unrealized gain (loss) on investments			177,935		(591,370)		240,523		(407,144)		2,610,168		(1,663,065)		113,308		(560,031)
Reinvested capital gains			-		-		-		-		321,253		576,029		876,314		1,061,849

Net increase (decrease) in contract owners’ equity resulting from operations			2,020,397		506,968		586,528		162,084		3,687,545		644,892		1,767,635		2,690,692


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			90,486		60,445		394,584		414,441		276		180		1,837,239		1,847,467
Transfers between funds			885,553		(424,360)		660,250		(272,213)		3,483,732		(3,309,495)		1,876,044		(4,012,998)
Surrenders (note 6)			(369,460)		(952,149)		(328,518)		(405,808)		(738,798)		(815,100)		(2,083,559)		(9,107,194)
Death Benefits (note 4)			(28,129)		(58,879)		(50,653)		(30,883)		(110,177)		-		(81,793)		(72,327)
Net policy repayments (loans) (note 5)			(39,223)		(94,238)		74,914		38,061		-		507,797		(72,109)		(16,335)
Deductions for surrender charges (note 2d)			(94)		(4,429)		(223)		(1,472)		-		-		(19,223)		(16,562)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(394,988)		(396,383)		(242,304)		(211,182)		(196,974)		(172,587)		(665,123)		(689,532)
Asset charges (note 3):
FPVUL & VEL contracts			(18,611)		(20,631)		(15,735)		(13,874)		-		-		(35,198)		(36,472)
MSP contracts			(1,527)		(1,717)		(406)		(178)		-		-		(4,322)		(3,779)
SL contracts or LSFP contracts			(1,602)		(1,624)		(2,033)		(1,923)		-		-		(10,489)		(11,843)
Adjustments to maintain reserves			61		11		13		1		215		(10)		57		110

Net equity transactions			122,466		(1,893,954)		489,889		(485,030)		2,438,274		(3,789,215)		741,524		(12,119,465)


Net change in contract owners’ equity			2,142,863		(1,386,986)		1,076,417		(322,946)		6,125,819		(3,144,323)		2,509,159		(9,428,773)
Contract owners’ equity beginning of period			13,558,184		14,945,170		3,797,944		4,120,890		22,007,578		25,151,901		30,787,243		40,216,016

Contract owners’ equity end of period	$		15,701,047		13,558,184		4,874,361		3,797,944		28,133,397		22,007,578		33,296,402		30,787,243


CHANGES IN UNITS:
Beginning units			822,053		948,153		301,013		339,656		2,336,553		2,719,218		2,038,461		2,857,908
Units purchased			67,360		41,706		81,728		40,751		345,822		59,297		303,553		205,707
Units redeemed			(63,265)		(167,806)		(44,153)		(79,394)		(100,236)		(441,962)		(251,377)		(1,025,154)

Ending units			826,148		822,053		338,588		301,013		2,582,139		2,336,553		2,090,637		2,038,461

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		FMCS				FOS				FOSR				FVSS
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		176,103		28,211		215,139		212,326		191,182		153,264		18,665		37,172
Realized gain (loss) on investments			1,643,288		(361,157)		(1,878,238)		(3,865,163)		(1,389,690)		(828,409)		288,498		15,206
Change in unrealized gain (loss) on investments			931,389		(5,161,584)		4,309,548		506,008		3,152,739		(1,448,289)		644,232		(434,202)
Reinvested capital gains			3,257,727		81,199		42,899		46,869		34,701		22,380		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			6,008,507		(5,413,331)		2,689,348		(3,099,960)		1,988,932		(2,101,054)		951,395		(381,824)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			2,956,085		2,799,346		75,740		522,518		970,952		1,158,394		179,917		216,127
Transfers between funds			(5,117,048)		685,532		(3,640,238)		(5,962,691)		(570,120)		217,405		(401,669)		214,731
Surrenders (note 6)			(4,364,566)		(2,637,726)		(910,581)		(1,552,296)		(1,086,759)		(1,234,406)		(187,698)		(173,698)
Death Benefits (note 4)			(169,298)		(116,746)		(38,180)		(166,344)		(15,117)		(27,758)		(45,298)		(928)
Net policy repayments (loans) (note 5)			444,532		(67,562)		(40,488)		129,032		30,462		19,328		(68,726)		46,603
Deductions for surrender charges (note 2d)			(24,452)		(34,202)		(551)		(4,738)		(31,501)		(19,170)		(1,977)		(5,641)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(1,309,153)		(1,507,044)		(401,605)		(549,675)		(492,780)		(533,648)		(153,923)		(157,842)
Asset charges (note 3):
FPVUL & VEL contracts			(82,705)		(92,529)		(16,473)		(20,571)		(40,142)		(43,535)		(11,542)		(12,114)
MSP contracts			(3,227)		(3,383)		(495)		(545)		(632)		(655)		(117)		(106)
SL contracts or LSFP contracts			(11,835)		(14,084)		(2,743)		(3,618)		(4,170)		(4,765)		(426)		(433)
Adjustments to maintain reserves			(119)		1,116		99		(56)		(50)		182		25		(39)

Net equity transactions			(7,681,786)		(987,282)		(4,975,515)		(7,608,984)		(1,239,857)		(468,628)		(691,434)		126,660


Net change in contract owners’ equity			(1,673,279)		(6,400,613)		(2,286,167)		(10,708,944)		749,075		(2,569,682)		259,961		(255,164)
Contract owners’ equity beginning of period			43,064,803		49,465,416		15,511,225		26,220,169		9,923,578		12,493,260		3,834,162		4,089,326

Contract owners’ equity end of period	$		41,391,524		43,064,803		13,225,058		15,511,225		10,672,653		9,923,578		4,094,123		3,834,162


CHANGES IN UNITS:
Beginning units			1,651,099		1,691,035		1,294,920		1,833,180		865,432		901,030		255,306		248,152
Units purchased			115,717		188,651		11,927		64,591		84,637		105,322		13,446		30,069
Units redeemed			(383,506)		(228,587)		(407,868)		(602,851)		(178,739)		(140,920)		(54,272)		(22,915)

Ending units			1,383,310		1,651,099		898,979		1,294,920		771,330		865,432		214,480		255,306

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		FF15S				FF25S				FF40S				FTVIS2
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		76,139		84,566		106,398		88,385		52,863		14,838		327,023		260,166
Realized gain (loss) on investments			(8,706)		187,888		31,855		136,041		(27,148)		(26,150)		78,024		(226,569)
Change in unrealized gain (loss) on investments			279,252		(340,393)		532,176		(400,785)		175,122		(97,543)		201,842		52,420
Reinvested capital gains			69,615		23,410		65,970		15,575		13,130		1,329		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			416,300		(44,529)		736,399		(160,784)		213,967		(107,526)		606,889		86,017


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			123,626		175,244		34,152		211,439		691		(13)		459,299		305,150
Transfers between funds			230,791		1,939,779		2,212,640		3,970,287		2,590,897		949,435		824,151		723,774
Surrenders (note 6)			(137,752)		(155,664)		(775,667)		(570,930)		(451,947)		(30,101)		(329,560)		(573,818)
Death Benefits (note 4)			(1,535)		-		(670)		-		(3,665)		-		(41,381)		(15,408)
Net policy repayments (loans) (note 5)			-		-		-		-		-		-		(56,166)		(20,885)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		(9,469)		(2,514)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(73,758)		(66,450)		(110,973)		(72,506)		(40,853)		(5,502)		(230,685)		(202,230)
Asset charges (note 3):
FPVUL & VEL contracts			(587)		(197)		(238)		(120)		(117)		(20)		(12,971)		(11,005)
MSP contracts			-		-		-		-		-		-		(2,004)		(1,984)
SL contracts or LSFP contracts			-		-		-		-		-		-		(4,462)		(5,940)
Adjustments to maintain reserves			31		(8)		42		(11)		20		(7)		7		3

Net equity transactions			140,816		1,892,704		1,359,286		3,538,159		2,095,026		913,792		596,759		195,143


Net change in contract owners’ equity			557,116		1,848,175		2,095,685		3,377,375		2,308,993		806,266		1,203,648		281,160
Contract owners’ equity beginning of period			3,989,125		2,140,950		4,624,005		1,246,630		806,266		-		4,526,599		4,245,439

Contract owners’ equity end of period	$		4,546,241		3,989,125		6,719,690		4,624,005		3,115,259		806,266		5,730,247		4,526,599


CHANGES IN UNITS:
Beginning units			384,414		204,985		468,387		123,140		78,048		-		353,498		339,445
Units purchased			77,963		293,225		213,183		411,267		257,696		81,334		83,253		80,070
Units redeemed			(71,145)		(113,796)		(88,214)		(66,020)		(77,042)		(3,286)		(39,516)		(66,017)

Ending units			391,232		384,414		593,356		468,387		258,702		78,048		397,235		353,498

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		FTVRDI				FTVSVI				FTVSV2				FTVMD2
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		250,973		225,754		99,460		97,169		38,134		29,036		3,529		3,950
Realized gain (loss) on investments			472,913		(249,849)		(277,282)		(486,134)		588,943		1,044,417		(18,029)		34,749
Change in unrealized gain (loss) on investments			859,670		749,300		1,824,905		(3,934)		484,569		(1,374,739)		19,718		(56,370)
Reinvested capital gains			-		-		-		-		-		-		8,235		4,115

Net increase (decrease) in contract owners’ equity resulting from operations			1,583,556		725,205		1,647,083		(392,899)		1,111,646		(301,286)		13,453		(13,556)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			828,544		1,048,077		521,294		639,920		363,346		384,911		31		1,812
Transfers between funds			671,811		743,433		(782,261)		(1,119,911)		231,007		774,057		(68,045)		16,902
Surrenders (note 6)			(1,087,451)		(1,115,676)		(867,414)		(895,495)		(318,738)		(1,615,800)		-		-
Death Benefits (note 4)			(74,753)		(201,159)		(6,045)		(19,592)		(755)		(5,075)		-		-
Net policy repayments (loans) (note 5)			(79,064)		(163,344)		(54,078)		777		(10,820)		(11,423)		-		(149)
Deductions for surrender charges (note 2d)			(14,629)		(13,690)		(7,479)		(12,441)		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(500,271)		(491,021)		(359,469)		(394,194)		(91,306)		(86,257)		(4,063)		(2,097)
Asset charges (note 3):
FPVUL & VEL contracts			(48,016)		(44,976)		(32,950)		(34,965)		(984)		(655)		-		-
MSP contracts			(1,569)		(1,595)		(1,192)		(1,352)		-		-		-		-
SL contracts or LSFP contracts			(5,253)		(5,389)		(3,676)		(4,115)		-		-		-		-
Adjustments to maintain reserves			9		(19)		6		(169)		(320)		(88)		10		(7)

Net equity transactions			(310,642)		(245,359)		(1,593,264)		(1,841,537)		171,430		(560,330)		(72,067)		16,461


Net change in contract owners’ equity			1,272,914		479,846		53,819		(2,234,436)		1,283,076		(861,616)		(58,614)		2,905
Contract owners’ equity beginning of period			12,635,473		12,155,627		9,586,544		11,820,980		5,256,791		6,118,407		206,890		203,985

Contract owners’ equity end of period	$		13,908,387		12,635,473		9,640,363		9,586,544		6,539,867		5,256,791		148,276		206,890


CHANGES IN UNITS:
Beginning units			702,870		718,728		428,826		510,127		384,441		430,037		21,727		20,709
Units purchased			98,333		87,464		24,189		33,273		61,252		41,414		13,903		19,359
Units redeemed			(111,500)		(103,322)		(89,877)		(114,574)		(40,898)		(87,010)		(21,859)		(18,341)

Ending units			689,703		702,870		363,138		428,826		404,795		384,441		13,771		21,727

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		FTVDM3				TIF				TIF2				TIF3
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		61,901		50,916		42,229		29,741		315,838		178,697		153,683		98,941
Realized gain (loss) on investments			410,696		(191,613)		(13,327)		(10,413)		729,191		571,376		(479,530)		(370,246)
Change in unrealized gain (loss) on investments			47,284		(730,189)		193,695		(175,081)		849,980		(2,061,935)		1,215,314		(381,473)
Reinvested capital gains			-		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			519,881		(870,886)		222,597		(155,753)		1,895,009		(1,311,862)		889,467		(652,778)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			259,990		534,260		(128)		-		206,366		375,355		300,815		367,491
Transfers between funds			(366,799)		82,374		(41,453)		(5,848)		55,085		1,021,753		(166,572)		649,945
Surrenders (note 6)			(322,293)		(688,717)		(30,931)		(41,441)		(143,415)		(282,498)		(461,187)		(518,169)
Death Benefits (note 4)			(6,453)		(33,572)		(2,532)		(24,757)		(23,008)		(5,317)		(118,184)		(1,478)
Net policy repayments (loans) (note 5)			(144,076)		38,060		(37,464)		(36,875)		9,350		(1,941)		98,563		(10,249)
Deductions for surrender charges (note 2d)			(5,451)		(3,926)		(388)		(461)		-		-		(8,546)		(7,958)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(171,954)		(197,972)		(36,998)		(44,007)		(133,334)		(139,220)		(175,573)		(189,012)
Asset charges (note 3):
FPVUL & VEL contracts			(14,132)		(17,125)		(4,050)		(4,787)		-		-		(15,264)		(15,468)
MSP contracts			(850)		(893)		(453)		(472)		-		-		(320)		(448)
SL contracts or LSFP contracts			(2,042)		(2,254)		(624)		(717)		-		-		(3,079)		(3,711)
Adjustments to maintain reserves			(2)		(63)		(2)		(6)		77		105		10		1

Net equity transactions			(774,062)		(289,828)		(155,023)		(159,371)		(28,879)		968,237		(549,337)		270,944


Net change in contract owners’ equity			(254,181)		(1,160,714)		67,574		(315,124)		1,866,130		(343,625)		340,130		(381,834)
Contract owners’ equity beginning of period			4,481,928		5,642,642		1,293,873		1,608,997		11,333,237		11,676,862		5,091,038		5,472,872

Contract owners’ equity end of period	$		4,227,747		4,481,928		1,361,447		1,293,873		13,199,367		11,333,237		5,431,168		5,091,038


CHANGES IN UNITS:
Beginning units			262,679		278,260		65,960		73,458		636,281		584,733		406,154		389,994
Units purchased			20,011		41,202		-		-		63,920		78,287		34,258		83,352
Units redeemed			(63,718)		(56,783)		(7,438)		(7,498)		(71,664)		(26,739)		(74,159)		(67,192)

Ending units			218,972		262,679		58,522		65,960		628,537		636,281		366,253		406,154

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		FTVGI2				FTVGI3				FTVFA2				GVMCE
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		2,244,993		2,175,309		727,657		557,854		9,218		54		415,565		248,449
Realized gain (loss) on investments			(95,655)		425,676		212,683		244,412		10,615		22,882		1,142,862		(261,531)
Change in unrealized gain (loss) on investments			3,025,733		(3,140,734)		653,810		(1,047,207)		30,587		(27,662)		5,787,288		(3,314,390)
Reinvested capital gains			57,587		258,976		18,412		64,997		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			5,232,658		(280,773)		1,612,562		(179,944)		50,420		(4,726)		7,345,715		(3,327,472)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			1,068,455		642,430		530,663		785,050		16,812		20,200		720,246		660,078
Transfers between funds			(3,842,852)		(954,267)		573,889		2,028,538		44,158		(25,212)		(4,477,696)		(2,582,572)
Surrenders (note 6)			(19,132)		(206,970)		(912,367)		(642,956)		(43,389)		(3,689)		(1,516,057)		(1,789,028)
Death Benefits (note 4)			(65,085)		(122,318)		(51,721)		(86,545)		-		-		(80,939)		(64,992)
Net policy repayments (loans) (note 5)			767		152,809		144,083		(158,532)		2,101		(1,381)		484,133		111,771
Deductions for surrender charges (note 2d)			-		-		(13,874)		(4,690)		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(417,845)		(391,465)		(383,959)		(389,522)		(16,368)		(14,827)		(514,375)		(590,451)
Asset charges (note 3):
FPVUL & VEL contracts			(2,556)		(1,593)		(28,730)		(28,252)		(1,624)		(1,571)		-		-
MSP contracts			-		-		(1,038)		(1,096)		(128)		(125)		-		-
SL contracts or LSFP contracts			-		-		(5,062)		(4,735)		-		(14)		-		-
Adjustments to maintain reserves			161		1,319		(2)		(99)		457		21		356		(52)

Net equity transactions			(3,278,087)		(880,055)		(148,118)		1,497,161		2,019		(26,598)		(5,384,332)		(4,255,246)


Net change in contract owners’ equity			1,954,571		(1,160,828)		1,464,444		1,317,217		52,439		(31,324)		1,961,383		(7,582,718)
Contract owners’ equity beginning of period			37,405,909		38,566,737		10,882,007		9,564,790		331,530		362,854		43,282,914		50,865,632

Contract owners’ equity end of period	$		39,360,480		37,405,909		12,346,451		10,882,007		383,969		331,530		45,244,297		43,282,914


CHANGES IN UNITS:
Beginning units			2,581,564		2,635,373		614,756		535,857		35,227		37,961		2,084,386		2,288,786
Units purchased			155,323		99,342		61,228		167,112		3,571		2,778		32,074		78,930
Units redeemed			(373,853)		(153,151)		(69,796)		(88,213)		(3,423)		(5,512)		(272,764)		(283,330)

Ending units			2,363,034		2,581,564		606,188		614,756		35,375		35,227		1,843,696		2,084,386

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		GVGOPS				SBVSG				BNCAI				AMTB
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(197)		(2)		4,273		(1,417)		89,359		(25,105)		108,811		151,807
Realized gain (loss) on investments			682		37		35,778		61,543		1,555,523		1,673,429		(9,915)		(41,260)
Change in unrealized gain (loss) on investments			(2,130)		77		64,183		(77,728)		(452,578)		(957,353)		69,385		(99,099)
Reinvested capital gains			4,758		67		72,565		12,812		504,733		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			3,113		179		176,799		(4,790)		1,697,037		690,971		168,281		11,448


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			16,151		-		202,709		84,760		337,498		581,058		226,442		236,756
Transfers between funds			31,324		3,719		1,030,811		506,933		(1,534,342)		(2,310,309)		68,134		(42,883)
Surrenders (note 6)			-		-		(29,989)		(1,419)		(609,547)		(1,315,151)		(359,708)		(174,087)
Death Benefits (note 4)			-		-		(229)		-		(32,121)		(8,187)		(5,097)		(4,360)
Net policy repayments (loans) (note 5)			-		-		(7,657)		(7,445)		83,748		9,825		(15,257)		5,935
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		(4,337)		(4,464)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(4,475)		(74)		(29,846)		(18,884)		(158,578)		(190,146)		(241,717)		(238,459)
Asset charges (note 3):
FPVUL & VEL contracts			(9)		-		(217)		(397)		(675)		(839)		(13,652)		(15,139)
MSP contracts			-		-		-		-		-		-		(602)		(610)
SL contracts or LSFP contracts			-		-		-		-		-		-		(1,855)		(1,994)
Adjustments to maintain reserves			(3)		(3)		(291)		6		(453)		(275)		3		-

Net equity transactions			42,988		3,642		1,165,291		563,554		(1,914,470)		(3,234,024)		(347,646)		(239,305)


Net change in contract owners’ equity			46,101		3,821		1,342,090		558,764		(217,433)		(2,543,053)		(179,365)		(227,857)
Contract owners’ equity beginning of period			3,821		-		778,055		219,291		10,358,244		12,901,297		3,832,257		4,060,114

Contract owners’ equity end of period	$		49,922		3,821		2,120,145		778,055		10,140,811		10,358,244		3,652,892		3,832,257


CHANGES IN UNITS:
Beginning units			434		-		73,805		21,047		487,615		630,447		328,162		348,678
Units purchased			4,773		443		112,152		55,413		15,027		31,111		27,844		36,196
Units redeemed			(449)		(9)		(16,968)		(2,655)		(98,068)		(173,943)		(56,975)		(56,712)

Ending units			4,758		434		168,989		73,805		404,574		487,615		299,031		328,162

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		AMGP				AMINS				AMCG				AMTP
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		220		6,910		-		-		(9,395)		(11,756)		7,625		(5,063)
Realized gain (loss) on investments			439,571		116,788		-		-		764,825		183,004		60,470		152,280
Change in unrealized gain (loss) on investments			(299,572)		(199,863)		-		-		(235,283)		(90,841)		374,486		(623,657)
Reinvested capital gains			6,370		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			146,589		(76,165)		-		-		520,147		80,407		442,581		(476,440)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			411		1,106		-		(112)		205,899		71,320		62,611		97,531
Transfers between funds			(1,164,659)		269,171		-		(618)		(1,767,394)		(879,155)		(1,584,531)		109,740
Surrenders (note 6)			(88,915)		(85,184)		-		-		(389,312)		(659,642)		(49,472)		(61,038)
Death Benefits (note 4)			(7,236)		-		-		-		-		(12,552)		(1,792)		(635)
Net policy repayments (loans) (note 5)			-		-		-		91		(176)		(2,505)		(10,918)		(50,215)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(22,101)		(27,793)		-		641		(87,552)		(116,595)		(85,626)		(104,317)
Asset charges (note 3):
FPVUL & VEL contracts			-		-		-		-		8		8		(1,705)		(1,751)
MSP contracts			-		-		-		(1)		-		-		-		-
SL contracts or LSFP contracts			-		(23)		-		(2)		(8)		-		-		-
Adjustments to maintain reserves			9		-		-		1		96		(280)		(1,073)		29

Net equity transactions			(1,282,491)		157,277		-		-		(2,038,439)		(1,599,401)		(1,672,506)		(10,656)


Net change in contract owners’ equity			(1,135,902)		81,112		-		-		(1,518,292)		(1,518,994)		(1,229,925)		(487,096)
Contract owners’ equity beginning of period			1,946,766		1,865,654		-		-		4,592,195		6,111,189		3,546,228		4,033,324

Contract owners’ equity end of period	$		810,864		1,946,766		-		-		3,073,903		4,592,195		2,316,303		3,546,228


CHANGES IN UNITS:
Beginning units			134,353		124,719		-		-		347,445		469,057		255,553		259,582
Units purchased			2,558		17,318		-		9		14,386		12,701		5,268		34,663
Units redeemed			(87,578)		(7,684)		-		(9)		(158,386)		(134,313)		(116,374)		(38,692)

Ending units			49,333		134,353		-		-		203,445		347,445		144,447		255,553

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		AMRI				AMFAS				AMSRS				OVGR
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		15,268		17,733		(2,471)		(2,441)		5,455		9,322		86,915		58,634
Realized gain (loss) on investments			421,324		486,588		356,593		124,477		(66,306)		(106,843)		2,508,107		5,229,717
Change in unrealized gain (loss) on investments			(923,280)		(804,481)		(160,603)		(186,211)		324,070		3,373		(146,105)		(4,969,815)
Reinvested capital gains			1,072,799		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			586,111		(300,160)		193,519		(64,175)		263,219		(94,148)		2,448,917		318,536


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			72,646		104,987		53,554		57,491		132,749		522,511		494,335		514,905
Transfers between funds			(378,112)		61,921		(640,144)		380,569		(171,397)		(66,501)		(1,407,114)		(14,027,557)
Surrenders (note 6)			(55,534)		(39,642)		(51,415)		(50,583)		(282,506)		(240,026)		(2,522,021)		(2,022,272)
Death Benefits (note 4)			-		(4,065)		(6,444)		(147)		(60,529)		(15,459)		(42,516)		(21,511)
Net policy repayments (loans) (note 5)			(15)		(435)		5,105		(8,092)		(42)		25,358		576,684		5,332
Deductions for surrender charges (note 2d)			-		-		1,464		(2,372)		(7,802)		(11,671)		-		2

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(48,108)		(54,386)		(47,534)		(50,944)		(105,548)		(134,265)		(392,618)		(484,357)
Asset charges (note 3):
FPVUL & VEL contracts			(437)		(554)		(3,260)		(3,573)		(8,554)		(9,025)		(116)		(145)
MSP contracts			-		-		(99)		(29)		(473)		(797)		-		-
SL contracts or LSFP contracts			-		-		(132)		(172)		(988)		(1,474)		(29)		8
Adjustments to maintain reserves			(321)		(21)		11		(13)		(8)		(6)		2,377		3,256

Net equity transactions			(409,881)		67,805		(688,894)		322,135		(505,098)		68,645		(3,291,018)		(16,032,339)


Net change in contract owners’ equity			176,230		(232,355)		(495,375)		257,960		(241,879)		(25,503)		(842,101)		(15,713,803)
Contract owners’ equity beginning of period			4,131,562		4,363,917		2,163,908		1,905,948		2,599,081		2,624,584		18,709,577		34,423,380

Contract owners’ equity end of period	$		4,307,792		4,131,562		1,668,533		2,163,908		2,357,202		2,599,081		17,867,476		18,709,577


CHANGES IN UNITS:
Beginning units			421,080		414,803		162,045		141,124		149,636		146,450		1,809,119		3,341,882
Units purchased			6,630		39,058		3,534		30,464		8,517		35,826		48,654		55,513
Units redeemed			(46,797)		(32,781)		(50,524)		(9,543)		(35,869)		(32,640)		(333,577)		(1,588,276)

Ending units			380,913		421,080		115,055		162,045		122,284		149,636		1,524,196		1,809,119

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		OVGS3				OVGS				OVGI				OVSC
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		329,528		212,921		896,380		556,643		238,289		214,768		24,833		26,287
Realized gain (loss) on investments			(586,647)		(260,161)		(1,279,033)		(2,177,236)		343,759		397,458		122,438		(105,746)
Change in unrealized gain (loss) on investments			3,186,789		(1,314,095)		8,759,545		(2,442,566)		3,392,518		(585,310)		575,285		(7,305)
Reinvested capital gains			-		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			2,929,670		(1,361,335)		8,376,892		(4,063,159)		3,974,566		26,916		722,556		(86,764)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			1,253,719		1,544,173		1,273,550		1,113,724		1,363,729		1,561,656		273,555		275,125
Transfers between funds			(978,167)		79,684		(3,204,546)		483,446		(533,370)		(1,169,665)		(184,273)		(14,075)
Surrenders (note 6)			(1,622,743)		(2,152,522)		(1,641,068)		(5,483,530)		(1,484,288)		(2,315,014)		(280,217)		(390,423)
Death Benefits (note 4)			(42,995)		(41,405)		(66,888)		(87,983)		(173,933)		(193,748)		(18,355)		(14,500)
Net policy repayments (loans) (note 5)			66,277		83,798		(127,616)		(141,924)		(19,809)		(4,546)		(36,630)		(130,368)
Deductions for surrender charges (note 2d)			(9,069)		(21,558)		(3,938)		(7,044)		(11,730)		(23,074)		(7,271)		(7,460)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(676,872)		(762,055)		(846,509)		(980,535)		(1,229,048)		(1,268,726)		(198,802)		(189,795)
Asset charges (note 3):
FPVUL & VEL contracts			(55,680)		(59,617)		(30,823)		(33,634)		(88,246)		(86,926)		(15,987)		(15,348)
MSP contracts			(3,421)		(3,368)		(1,170)		(1,332)		(3,090)		(2,786)		(363)		(363)
SL contracts or LSFP contracts			(7,333)		(8,853)		(3,665)		(4,688)		(6,931)		(7,976)		(2,363)		(2,489)
Adjustments to maintain reserves			(69)		42		205		(118)		3		14		(2)		184

Net equity transactions			(2,076,353)		(1,341,681)		(4,652,468)		(5,143,618)		(2,186,713)		(3,510,791)		(470,708)		(489,512)


Net change in contract owners’ equity			853,317		(2,703,016)		3,724,424		(9,206,777)		1,787,853		(3,483,875)		251,848		(576,276)
Contract owners’ equity beginning of period			14,716,454		17,419,470		42,498,448		51,705,225		24,385,769		27,869,644		4,142,765		4,719,041

Contract owners’ equity end of period	$		15,569,771		14,716,454		46,222,872		42,498,448		26,173,622		24,385,769		4,394,613		4,142,765


CHANGES IN UNITS:
Beginning units			1,097,060		1,191,196		3,043,484		3,390,923		1,822,719		2,084,925		194,582		216,746
Units purchased			100,236		123,261		83,269		268,863		110,463		151,046		13,098		18,455
Units redeemed			(239,851)		(217,397)		(392,280)		(616,302)		(259,026)		(413,252)		(32,736)		(40,619)

Ending units			957,445		1,097,060		2,734,473		3,043,484		1,674,156		1,822,719		174,944		194,582

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		OVAG				OVSB				PMVAAA				PMVFBA
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(11,714)		(14,635)		138,134		59,526		958,325		218,395		134,266		47,815
Realized gain (loss) on investments			705,073		1,401,345		10,126		194,366		15,255		55,638		97,018		114,884
Change in unrealized gain (loss) on investments			2,940,005		(871,098)		9,646		(276,246)		950,375		(238,663)		(168,660)		16,445
Reinvested capital gains			-		-		25,947		24,713		-		-		47,707		8,754

Net increase (decrease) in contract owners’ equity resulting from operations			3,633,364		515,612		183,853		2,359		1,923,955		35,370		110,331		187,898


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			1,503,020		1,769,330		23,507		6		405,937		343,378		79,348		68,840
Transfers between funds			(1,586,853)		(1,600,184)		(474,074)		163,102		20,604,643		920,918		(356,931)		713,352
Surrenders (note 6)			(1,775,054)		(2,934,375)		(27,520)		(87,201)		(469,507)		(16,002)		(249,221)		(67,703)
Death Benefits (note 4)			(97,014)		(63,421)		(2,935)		-		(39,305)		(1,679)		(20,486)		-
Net policy repayments (loans) (note 5)			214,139		(121,896)		4,514		60,861		1,473		69		(29,180)		(40,781)
Deductions for surrender charges (note 2d)			(4,468)		(4,912)		(273)		-		-		-		(655)		(2,069)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(1,211,232)		(1,205,846)		(28,011)		(16,430)		(158,140)		(55,933)		(97,084)		(83,945)
Asset charges (note 3):
FPVUL & VEL contracts			(80,892)		(77,022)		(1,381)		-		(1,660)		(678)		(4,642)		(4,607)
MSP contracts			(1,405)		(1,421)		(18)		-		-		-		(28)		(29)
SL contracts or LSFP contracts			(3,769)		(4,281)		(122)		-		-		-		(1,359)		(1,449)
Adjustments to maintain reserves			(893)		(1,355)		(15)		(3)		100		3		157		(158)

Net equity transactions			(3,044,421)		(4,245,383)		(506,328)		120,335		20,343,541		1,190,076		(680,081)		581,451


Net change in contract owners’ equity			588,943		(3,729,771)		(322,475)		122,694		22,267,496		1,225,446		(569,750)		769,349
Contract owners’ equity beginning of period			22,650,333		26,380,104		2,188,604		2,065,910		3,334,681		2,109,235		2,697,459		1,928,110

Contract owners’ equity end of period	$		23,239,276		22,650,333		1,866,129		2,188,604		25,602,177		3,334,681		2,127,709		2,697,459


CHANGES IN UNITS:
Beginning units			1,811,076		2,217,825		188,028		178,634		211,585		136,442		205,816		159,594
Units purchased			109,680		235,787		141,928		18,483		1,249,481		83,057		12,288		63,954
Units redeemed			(333,576)		(642,536)		(189,901)		(9,089)		(40,731)		(7,914)		(64,083)		(17,732)

Ending units			1,587,180		1,811,076		140,055		188,028		1,420,335		211,585		154,021		205,816

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		PMVLGA				PMVLDA				PMVRRA				PMVTRA
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		7,962		5,056		971,127		983,396		1,037,293		1,875,996		9,769,888		8,786,706
Realized gain (loss) on investments			52,397		8,394		922,417		1,412,217		4,917,466		4,165,888		4,046,556		3,874,880
Change in unrealized gain (loss) on investments			(82,091)		44,365		1,238,479		(1,731,371)		(2,418,651)		1,779,633		14,162,170		(6,242,224)
Reinvested capital gains			39,644		7,343		-		-		6,195,039		3,220,342		8,219,576		5,477,890

Net increase (decrease) in contract owners’ equity resulting from operations			17,912		65,158		3,132,023		664,242		9,731,147		11,041,859		36,198,190		11,897,252


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			3,390		10,381		1,864,987		1,552,674		3,835,087		2,238,877		9,334,693		8,278,682
Transfers between funds			8,120		337,298		(7,148,402)		(1,173,376)		(6,161,189)		13,485,637		23,284,724		20,717,589
Surrenders (note 6)			-		(32,394)		(8,948,394)		(8,714,029)		(2,062,670)		(3,235,952)		(9,448,396)		(13,493,886)
Death Benefits (note 4)			-		-		(251,367)		(52,662)		(177,232)		(47,374)		(687,582)		(716,043)
Net policy repayments (loans) (note 5)			(17,174)		(629)		937,693		179,822		46,681		381,119		(199,475)		203,992
Deductions for surrender charges (note 2d)			-		-		(628)		(4,369)		-		-		(1,989)		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(14,455)		(5,573)		(1,050,617)		(1,155,201)		(1,507,508)		(1,217,930)		(4,960,686)		(4,342,690)
Asset charges (note 3):
FPVUL & VEL contracts			-		(7)		(22,465)		(20,900)		(6,823)		(3,852)		(33,672)		(17,084)
MSP contracts			-		-		(1,026)		(645)		-		-		-		-
SL contracts or LSFP contracts			-		-		(3,136)		(2,758)		-		-		-		-
Adjustments to maintain reserves			39		(18)		3,741		865		(824)		3,220		28,233		(8,462)

Net equity transactions			(20,080)		309,058		(14,619,614)		(9,390,579)		(6,034,478)		11,603,745		17,315,850		10,622,098


Net change in contract owners’ equity			(2,168)		374,216		(11,487,591)		(8,726,337)		3,696,669		22,645,604		53,514,040		22,519,350
Contract owners’ equity beginning of period			413,356		39,140		62,639,487		71,365,824		112,848,726		90,203,122		381,039,500		358,520,150

Contract owners’ equity end of period	$		411,188		413,356		51,151,896		62,639,487		116,545,395		112,848,726		434,553,540		381,039,500


CHANGES IN UNITS:
Beginning units			30,627		3,697		4,435,185		5,100,138		6,190,538		5,524,210		21,977,687		21,388,148
Units purchased			11,897		31,216		501,797		320,000		341,040		1,240,647		1,674,373		1,745,340
Units redeemed			(13,288)		(4,286)		(1,510,855)		(984,953)		(640,182)		(574,319)		(748,163)		(1,155,801)

Ending units			29,236		30,627		3,426,127		4,435,185		5,891,396		6,190,538		22,903,897		21,977,687

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		PIVEMI				PIHYB1				PVGIB				PVTIGB
		2012		2011		2012		2011		2012		2011		2012		2011

Investment activity:
Net investment income (loss)	$		5,256		2,294		659,991		560,129		12,418		9,069		19,943		37,035
Realized gain (loss) on investments			(237,394)		92,935		(10,758)		2,000,371		17,455		(88,137)		(152,133)		(155,417)
Change in unrealized gain (loss) on investments			373,467		(566,240)		423,803		(2,439,424)		103,096		44,412		312,201		(60,329)
Reinvested capital gains			44,847		-		611,210		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			186,176		(471,011)		1,684,246		121,076		132,969		(34,656)		180,011		(178,711)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			170,349		207,666		249,346		230,173		53,865		72,149		55,258		45,321
Transfers between funds			(305,700)		(39,571)		(3,336,330)		(2,544,783)		(5,747)		(19,662)		1,598		26,929
Surrenders (note 6)			(39,577)		(29,572)		(728,870)		(487,390)		(32,940)		(52,017)		(119,461)		(113,295)
Death Benefits (note 4)			(1,155)		(10,313)		(45,552)		(35,389)		-		(814)		-		-
Net policy repayments (loans) (note 5)			5,666		(490)		48,453		108,820		(30,223)		(3,492)		12,523		(1,449)
Deductions for surrender charges (note 2d)			-		-		-		-		(667)		(6,540)		(952)		(2,790)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(42,688)		(53,188)		(175,006)		(175,268)		(39,161)		(40,078)		(45,617)		(50,756)
Asset charges (note 3):
FPVUL & VEL contracts			(1,322)		(1,570)		(589)		(495)		(3,078)		(3,051)		(3,040)		(3,510)
MSP contracts			-		-		-		-		(32)		(30)		(84)		(146)
SL contracts or LSFP contracts			-		-		-		-		(240)		(228)		(202)		(232)
Adjustments to maintain reserves			(2)		(58)		49,810		1,041		9		(4)		1		61

Net equity transactions			(214,429)		72,904		(3,938,738)		(2,903,291)		(58,214)		(53,767)		(99,976)		(99,867)


Net change in contract owners’ equity			(28,253)		(398,107)		(2,254,492)		(2,782,215)		74,755		(88,423)		80,035		(278,578)
Contract owners’ equity beginning of period			1,605,557		2,003,664		9,887,817		12,670,032		692,690		781,113		874,372		1,152,950

Contract owners’ equity end of period	$		1,577,304		1,605,557		7,633,325		9,887,817		767,445		692,690		954,407		874,372


CHANGES IN UNITS:
Beginning units			238,075		227,376		480,450		604,436		50,439		54,238		59,303		64,956
Units purchased			24,164		33,209		25,297		68,279		4,168		5,269		3,846		3,121
Units redeemed			(53,012)		(22,510)		(185,568)		(192,265)		(7,701)		(9,068)		(10,054)		(8,774)
Ending units			209,227		238,075		320,179		480,450		46,906		50,439		53,095		59,303

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		PVTSCB				PVTVB				ACGI				ACEG
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		8		23		5,665		-		45,577		20,494		-		-
Realized gain (loss) on investments			848		278		20,137		181,646		5,733		(17,278)		(10,657)		-
Change in unrealized gain (loss) on investments			517		(891)		191,874		(542,364)		278,485		(85,006)		(17,932)		-
Reinvested capital gains			-		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			1,373		(590)		217,676		(360,718)		329,795		(81,790)		(28,589)		-


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			155		941		114,123		133,531		42,176		28,920		56,385		-
Transfers between funds			(7,913)		3,471		(538,770)		435,708		1,410,572		1,851,373		852,239		-
Surrenders (note 6)			(1,049)		(281)		(77,991)		(72,586)		-		-		(33,929)		-
Death Benefits (note 4)			-		-		(39,863)		(3,782)		-		-		-		-
Net policy repayments (loans) (note 5)			-		(380)		(18,480)		(35,323)		(992)		-		(4,664)		-
Deductions for surrender charges (note 2d)			-		-		(1,085)		(1,299)		-		-		(1,256)		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(184)		(313)		(60,193)		(72,293)		(32,974)		(15,489)		(34,972)		-
Asset charges (note 3):
FPVUL & VEL contracts			-		-		(5,017)		(5,617)		(77)		(34)		(2,448)		-
MSP contracts			-		-		(427)		(274)		-		-		(111)		-
SL contracts or LSFP contracts			-		-		(1,338)		(1,214)		-		-		(153)		-
Adjustments to maintain reserves			(2)		4		(13)		3		27		(7)		1,781		-

Net equity transactions			(8,993)		3,442		(629,054)		376,854		1,418,732		1,864,763		832,872		-


Net change in contract owners’ equity			(7,620)		2,852		(411,378)		16,136		1,748,527		1,782,973		804,283		-
Contract owners’ equity beginning of period			10,584		7,732		1,549,311		1,533,175		1,782,973		-		-		-

Contract owners’ equity end of period	$		2,964		10,584		1,137,933		1,549,311		3,531,500		1,782,973		804,283		-


CHANGES IN UNITS:
Beginning units			1,253		870		103,328		84,002		176,833		-		-		-
Units purchased			18		499		11,327		33,063		132,500		178,371		90,841		-
Units redeemed			(972)		(116)		(48,216)		(13,737)		(3,095)		(1,538)		(8,351)		-

Ending units			299		1,253		66,439		103,328		306,238		176,833		82,490		-

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		AVBVI				AVHY1				AVIE				AVMCCI
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		8,585		4,841		414,626		201,410		500,285		539,239		(1,200)		285
Realized gain (loss) on investments			31,721		41,063		52,982		(212,246)		2,291,229		1,456,983		3,235		6,706
Change in unrealized gain (loss) on investments			73,113		(60,262)		755,725		(163,934)		2,695,361		(4,854,583)		73,852		(30,564)
Reinvested capital gains			-		-		-		-		-		-		9,920		-

Net increase (decrease) in contract owners’ equity resulting from operations			113,419		(14,358)		1,223,333		(174,770)		5,486,875		(2,858,361)		85,807		(23,573)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			8,810		13,955		293,870		326,949		1,423,673		1,227,418		52,626		102,917
Transfers between funds			5,181		131,425		1,731,252		6,352,826		3,532,290		3,677,027		606,298		72,565
Surrenders (note 6)			(115,851)		(61,119)		(180,590)		(169,500)		(3,298,790)		(5,855,981)		(2,087)		-
Death Benefits (note 4)			(538)		(1,737)		(29,544)		-		(97,506)		(16,904)		-		-
Net policy repayments (loans) (note 5)			(5,123)		(4,455)		(7,012)		(12,040)		542,839		172,376		-		-
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(19,803)		(15,689)		(87,378)		(59,034)		(527,292)		(583,789)		(12,785)		(5,515)
Asset charges (note 3):
FPVUL & VEL contracts			1		(8)		(1,194)		(790)		(1,590)		(1,575)		(34)		(24)
MSP contracts			-		-		-		-		-		-		-		-
SL contracts or LSFP contracts			(2)		-		-		-		-		-		-		-
Adjustments to maintain reserves			(7)		12		58		4		(111)		363		(12)		10

Net equity transactions			(127,332)		62,384		1,719,462		6,438,415		1,573,513		(1,381,065)		644,006		169,953


Net change in contract owners’ equity			(13,913)		48,026		2,942,795		6,263,645		7,060,388		(4,239,426)		729,813		146,380
Contract owners’ equity beginning of period			705,047		657,021		6,945,954		682,309		35,243,614		39,483,040		251,715		105,335

Contract owners’ equity end of period	$		691,134		705,047		9,888,749		6,945,954		42,304,002		35,243,614		981,528		251,715


CHANGES IN UNITS:
Beginning units			54,159		48,919		649,726		64,325		2,039,047		2,126,295		18,883		7,377
Units purchased			6,105		11,332		172,518		613,371		271,688		310,352		48,942		12,111
Units redeemed			(15,078)		(6,092)		(31,161)		(27,970)		(187,805)		(397,600)		(1,278)		(605)

Ending units			45,186		54,159		791,083		649,726		2,122,930		2,039,047		66,547		18,883

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		ROCMC				ROCSC				TREI2				TRHS2
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(98,249)		1,156,925		(2,529)		4,869		978,870		808,599		(10,898)		(6,007)
Realized gain (loss) on investments			7,177,406		4,063,611		(32,530)		67,759		8,046,398		3,355,631		583,767		749,529
Change in unrealized gain (loss) on investments			(4,752,250)		(11,843,706)		246,246		(328,998)		(469,846)		(5,936,383)		1,287,372		(596,039)
Reinvested capital gains			886,619		-		58,574		-		-		-		181,641		-

Net increase (decrease) in contract owners’ equity resulting from operations			3,213,526		(6,623,170)		269,761		(256,370)		8,555,422		(1,772,153)		2,041,882		147,483


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			1,836,995		1,394,522		97		(32)		1,833,784		1,693,788		228,034		79,862
Transfers between funds			(8,294,417)		8,310,866		(158,651)		2,385,217		(9,821,854)		4,465,631		3,125,355		3,354,489
Surrenders (note 6)			(3,247,544)		(2,592,594)		(62,984)		(88,000)		(5,090,653)		(5,979,208)		(279,220)		(189,189)
Death Benefits (note 4)			(87,184)		(42,172)		(10,136)		-		(101,230)		(24,439)		(32,726)		-
Net policy repayments (loans) (note 5)			58,784		139,232		-		(698)		524,581		41,000		(89,226)		71,065
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		(2,154)		(815)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(612,504)		(686,202)		(18,244)		(10,974)		(883,582)		(1,008,263)		(211,384)		(66,505)
Asset charges (note 3):
FPVUL & VEL contracts			(3,005)		(2,237)		-		-		(2,933)		(2,732)		(11,180)		(3,292)
MSP contracts			-		-		-		-		-		-		(294)		(192)
SL contracts or LSFP contracts			-		-		-		-		-		(93)		(1,400)		(558)
Adjustments to maintain reserves			272		(396)		8		(11)		(372)		(6,217)		37		17

Net equity transactions			(10,348,603)		6,521,019		(249,910)		2,285,502		(13,542,259)		(820,533)		2,725,842		3,244,882


Net change in contract owners’ equity			(7,135,077)		(102,151)		19,851		2,029,132		(4,986,837)		(2,592,686)		4,767,724		3,392,365
Contract owners’ equity beginning of period			46,931,822		47,033,973		2,358,822		329,690		58,088,951		60,681,637		5,857,010		2,464,645

Contract owners’ equity end of period	$		39,796,745		46,931,822		2,378,673		2,358,822		53,102,114		58,088,951		10,624,734		5,857,010


CHANGES IN UNITS:
Beginning units			1,937,636		1,703,587		205,572		27,732		3,550,013		3,664,323		494,264		229,465
Units purchased			87,848		441,749		-		186,172		110,934		394,468		237,769		297,514
Units redeemed			(495,708)		(207,700)		(20,923)		(8,332)		(878,586)		(508,778)		(46,980)		(32,715)

Ending units			1,529,776		1,937,636		184,649		205,572		2,782,361		3,550,013		685,053		494,264

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		TRLT1				TRMCG2				TRNAG1				TRPSB1
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		25,715		6,924		(55,913)		(59,550)		99,820		(283)		62,629		47,563
Realized gain (loss) on investments			(3,184)		(2,510)		1,573,337		3,422,163		827,755		3,721,605		37,760		83,952
Change in unrealized gain (loss) on investments			(3,170)		(5,156)		(506,882)		(7,304,348)		2,200,732		(6,179,040)		220,545		(213,016)
Reinvested capital gains			4,780		3,684		2,196,415		3,142,076		207,221		1,761,338		107,742		-

Net increase (decrease) in contract owners’ equity resulting from operations			24,141		2,942		3,206,957		(799,659)		3,335,528		(696,380)		428,676		(81,501)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			450,810		12,243		323,174		400,828		2,215,774		2,005,372		180,689		130,917
Transfers between funds			1,547,000		413,712		(3,749,882)		6,521,675		8,238,783		3,874,384		802,071		1,559,176
Surrenders (note 6)			-		(25,800)		(2,327,406)		(2,274,381)		(836,617)		(3,087,498)		(343,882)		(106,811)
Death Benefits (note 4)			(8,394)		-		(85,728)		(1,913)		(67,023)		(49,128)		-		(2,229)
Net policy repayments (loans) (note 5)			(266)		-		645,764		129,610		(36,605)		81,914		4,171		(109)
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(24,745)		(8,950)		(279,660)		(316,069)		(467,662)		(427,802)		(38,954)		(34,404)
Asset charges (note 3):
FPVUL & VEL contracts			(38)		(8)		-		-		(4,707)		(2,208)		(672)		(590)
MSP contracts			-		-		-		-		-		-		-		-
SL contracts or LSFP contracts			-		-		-		-		-		-		-		-
Adjustments to maintain reserves			(48)		(45)		215		(163)		228		(77)		24		3

Net equity transactions			1,964,319		391,152		(5,473,523)		4,459,587		9,042,171		2,394,957		603,447		1,545,953


Net change in contract owners’ equity			1,988,460		394,094		(2,266,566)		3,659,928		12,377,699		1,698,577		1,032,123		1,464,452
Contract owners’ equity beginning of period			394,094		-		25,995,841		22,335,913		22,061,426		20,362,849		2,956,718		1,492,266

Contract owners’ equity end of period	$		2,382,554		394,094		23,729,275		25,995,841		34,439,125		22,061,426		3,988,841		2,956,718


CHANGES IN UNITS:
Beginning units			39,025		-		1,012,297		854,608		1,483,224		1,352,960		261,403		131,118
Units purchased			195,283		42,495		12,952		226,810		659,250		394,760		87,708		169,577
Units redeemed			(3,469)		(3,470)		(210,101)		(69,121)		(91,638)		(264,496)		(42,223)		(39,292)

Ending units			230,839		39,025		815,148		1,012,297		2,050,836		1,483,224		306,888		261,403

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		TRBCGP				VWEM				VWHA				VVB
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		91		-		(12,534)		177,094		207,042		596,319		92,504		59,022
Realized gain (loss) on investments			(2)		-		1,673,137		2,067,853		1,309,554		4,862,359		272,511		156,675
Change in unrealized gain (loss) on investments			(69)		-		2,222,411		(7,310,068)		(3,652,443)		(16,096,879)		118,575		(162,248)
Reinvested capital gains			-		-		-		-		4,029,357		719,170		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			20		-		3,883,014		(5,065,121)		1,893,510		(9,919,031)		483,590		53,449


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			-		-		391,274		449,431		1,743,405		1,772,789		78		-
Transfers between funds			80,133		-		(1,537,915)		82,553		(6,925,010)		2,866,975		763,187		1,509,002
Surrenders (note 6)			-		-		(1,247,169)		(1,166,000)		(1,381,536)		(3,754,943)		(117,473)		(113,800)
Death Benefits (note 4)			-		-		(81,227)		(44,066)		(107,500)		(206,661)		(17,562)		-
Net policy repayments (loans) (note 5)			-		-		262,877		(106,586)		67,525		70,375		-		131,383
Deductions for surrender charges (note 2d)			-		-		(744)		(65)		-		(619)		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(121)		-		(469,991)		(538,663)		(797,193)		(982,086)		(30,933)		(19,899)
Asset charges (note 3):
FPVUL & VEL contracts			-		-		(26,800)		(32,214)		(29,316)		(35,396)		-		-
MSP contracts			-		-		(462)		(507)		(749)		(1,018)		-		-
SL contracts or LSFP contracts			-		-		(2,544)		(3,042)		(2,579)		(3,294)		-		-
Adjustments to maintain reserves			(1)		-		98		(543)		(186)		(766)		25		1

Net equity transactions			80,011		-		(2,712,603)		(1,359,702)		(7,433,139)		(274,644)		597,322		1,506,687

Net change in contract owners’ equity			80,031		-		1,170,411		(6,424,823)		(5,539,629)		(10,193,675)		1,080,912		1,560,136
Contract owners’ equity beginning of period			-		-		14,578,958		21,003,781		48,366,916		58,560,591		3,477,440		1,917,304

Contract owners’ equity end of period	$		80,031		-		15,749,369		14,578,958		42,827,287		48,366,916		4,558,352		3,477,440


CHANGES IN UNITS:
Beginning units			-		-		500,671		542,854		1,097,201		1,108,821		318,666		181,821
Units purchased			7,899		-		19,563		42,979		74,100		121,540		67,258		149,504
Units redeemed			(12)		-		(99,113)		(85,162)		(214,917)		(133,160)		(14,057)		(12,659)

Ending units			7,887		-		421,121		500,671		956,384		1,097,201		371,867		318,666

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		VVDV				VVI				VVMCI				VVREI
		2012		2011		2012		2011		2012		2011		2012		2011

Investment activity:
Net investment income (loss)	$		45,663		30,986		82,602		56,151		77,224		75,082		33,981		35,184
Realized gain (loss) on investments			363,470		37,060		214,008		544,628		39,495		1,428,704		46,946		144,156
Change in unrealized gain (loss) on investments			769,193		(32,736)		461,961		(1,284,447)		840,782		(1,484,498)		138,516		33,221
Reinvested capital gains			-		-		-		-		246,150		-		65,623		27,470

Net increase (decrease) in contract owners’ equity resulting from operations			1,178,326		35,310		758,571		(683,668)		1,203,651		19,288		285,066		240,031


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			548		(3)		(280)		1		109		64		100		39
Transfers between funds			10,566,488		479,325		(117,121)		350,248		1,117,221		(1,502,043)		79,083		(752,605)
Surrenders (note 6)			(284,711)		(74,600)		(115,578)		(177,100)		(245,236)		(281,700)		(49,206)		(57,401)
Death Benefits (note 4)			(43,388)		-		(18,424)		-		(36,945)		-		(7,752)		-
Net policy repayments (loans) (note 5)			-		82,823		-		114,400		-		201,118		-		43,716
Deductions for surrender charges (note 2d)			-		-		-		-		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(54,136)		(13,597)		(32,642)		(32,248)		(65,754)		(60,398)		(13,635)		(13,444)
Asset charges (note 3):
FPVUL & VEL contracts			-		-		-		-		-		-		-		-
MSP contracts			-		-		-		-		-		-		-		-
SL contracts or LSFP contracts			-		-		-		-		-		-		-		-
Adjustments to maintain reserves			62		(5)		37		(21)		57		(17)		17		(11)

Net equity transactions			10,184,863		473,943		(284,008)		255,280		769,452		(1,642,976)		8,607		(779,706)


Net change in contract owners’ equity			11,363,189		509,253		474,563		(428,388)		1,973,103		(1,623,688)		293,673		(539,675)
Contract owners’ equity beginning of period			2,212,913		1,703,660		3,963,790		4,392,178		7,392,592		9,016,280		1,556,333		2,096,008

Contract owners’ equity end of period	$		13,576,102		2,212,913		4,438,353		3,963,790		9,365,695		7,392,592		1,850,006		1,556,333


CHANGES IN UNITS:
Beginning units			238,735		190,605		504,659		482,506		732,274		873,116		138,701		202,142
Units purchased			1,057,688		57,993		-		46,615		102,095		20,705		7,511		4,556
Units redeemed			(36,636)		(9,863)		(33,329)		(24,462)		(31,688)		(161,547)		(5,556)		(67,997)

Ending units			1,259,787		238,735		471,330		504,659		802,681		732,274		140,656		138,701

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		VVSTC				VVHGB				WRASP				WRGP
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		110,350		117,868		190,032		290,274		135,810		107,992		(1,949)		5,171
Realized gain (loss) on investments			19,714		125,043		15,220		(86,941)		310,272		346,527		98,325		180,818
Change in unrealized gain (loss) on investments			68,358		(210,980)		(3,229)		234,714		1,753,592		(1,341,774)		(8,851)		(236,218)
Reinvested capital gains			-		35,806		67,969		83,030		-		-		146,644		71,426

Net increase (decrease) in contract owners’ equity resulting from operations			198,422		67,737		269,992		521,077		2,199,674		(887,255)		234,169		21,197


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			56		2		192		43		861,333		970,957		107,095		116,465
Transfers between funds			1,415,441		1,072,210		1,121,074		(2,419,858)		1,426,787		4,027,721		(300,133)		627,453
Surrenders (note 6)			(142,422)		(158,500)		(198,318)		(220,200)		(621,037)		(561,494)		(70,714)		(41,571)
Death Benefits (note 4)			(21,259)		-		(30,792)		-		(5,925)		(7,147)		(12,164)		(432)
Net policy repayments (loans) (note 5)			-		45,970		-		177,368		(55,088)		(247,120)		4,718		(183)
Deductions for surrender charges (note 2d)			-		-		-		-		(3,838)		(13,480)		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(36,584)		(28,692)		(54,296)		(53,172)		(445,956)		(386,213)		(36,613)		(33,565)
Asset charges (note 3):
FPVUL & VEL contracts			-		-		-		-		(32,296)		(26,642)		(518)		(487)
MSP contracts			-		-		-		-		(659)		(612)		-		-
SL contracts or LSFP contracts			-		-		-		-		(3,191)		(3,058)		-		-
Adjustments to maintain reserves			37		(7)		63		(21)		25		11		19		36

Net equity transactions			1,215,269		930,983		837,923		(2,515,840)		1,120,155		3,752,923		(308,310)		667,716


Net change in contract owners’ equity			1,413,691		998,720		1,107,915		(1,994,763)		3,319,829		2,865,668		(74,141)		688,913
Contract owners’ equity beginning of period			4,547,420		3,548,700		6,201,024		8,195,787		11,126,413		8,260,745		2,157,652		1,468,739

Contract owners’ equity end of period	$		5,961,111		4,547,420		7,308,939		6,201,024		14,446,242		11,126,413		2,083,511		2,157,652


CHANGES IN UNITS:
Beginning units			390,379		310,148		579,704		823,116		1,052,778		725,061		150,968		104,806
Units purchased			117,372		96,949		104,132		19,447		225,359		430,132		17,778		51,778
Units redeemed			(16,649)		(16,718)		(25,634)		(262,859)		(131,185)		(102,415)		(39,065)		(5,616)

Ending units			491,102		390,379		658,202		579,704		1,146,952		1,052,778		129,681		150,968

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		WRHIP				WRMCG				WRRESP				WRSTP
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(446)		-		(203)		-		17,006		14,856		(7,191)		(4,654)
Realized gain (loss) on investments			24,938		-		1,822		-		298,072		162,557		(51,308)		93,672
Change in unrealized gain (loss) on investments			325,194		-		20,249		-		120,052		(88,891)		581,158		(408,785)
Reinvested capital gains			-		-		-		-		-		-		293,134		78,015

Net increase (decrease) in contract owners’ equity resulting from operations			349,686		-		21,868		-		435,130		88,522		815,793		(241,752)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			53,681		-		212,223		-		313,670		173,268		643,655		354,158
Transfers between funds			12,761,889		-		322,794		-		(620,180)		1,023,395		1,128,559		1,130,557
Surrenders (note 6)			(142,079)		-		(1,202)		-		(176,973)		(13,225)		(82,322)		(107,028)
Death Benefits (note 4)			-		-		-		-		(337)		(5,980)		(19,103)		(6,806)
Net policy repayments (loans) (note 5)			2,482		-		871		-		(15,263)		(9,079)		(17,189)		(512)
Deductions for surrender charges (note 2d)			(650)		-		-		-		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(30,809)		-		(4,427)		-		(55,027)		(49,056)		(80,714)		(51,935)
Asset charges (note 3):
FPVUL & VEL contracts			(984)		-		(181)		-		(1,901)		(1,194)		(1,902)		(492)
MSP contracts			-		-		-		-		-		-		-		-
SL contracts or LSFP contracts			-		-		-		-		-		-		-		-
Adjustments to maintain reserves			8		-		10		-		45		(8)		(288)		(2)

Net equity transactions			12,643,538		-		530,088		-		(555,966)		1,118,121		1,570,696		1,317,940


Net change in contract owners’ equity			12,993,224		-		551,956		-		(120,836)		1,206,643		2,386,489		1,076,188
Contract owners’ equity beginning of period			-		-		-		-		2,733,015		1,526,372		2,428,472		1,352,284

Contract owners’ equity end of period	$		12,993,224		-		551,956		-		2,612,179		2,733,015		4,814,961		2,428,472


CHANGES IN UNITS:
Beginning units			-		-		-		-		205,643		120,636		237,727		124,666
Units purchased			1,208,359		-		55,823		-		22,755		90,993		149,748		133,710
Units redeemed			(15,888)		-		(1,420)		-		(61,540)		(5,986)		(18,573)		(20,649)

Ending units			1,192,471		-		54,403		-		166,858		205,643		368,902		237,727

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		SVDF				SVOF				WFVSCG				JAGTS2
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		(7,302)		(4,779)		(10,642)		(4,273)		(15,671)		(16,642)		-		-
Realized gain (loss) on investments			388,313		192,078		1,313,955		498,551		237,254		553,938		213,090		138,798
Change in unrealized gain (loss) on investments			646,430		(159,318)		(216,417)		(1,409,759)		200,685		(1,431,474)		171,125		(347,812)
Reinvested capital gains			-		-		2,967		-		399,880		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			1,027,441		27,981		1,089,863		(915,481)		822,148		(894,178)		384,215		(209,014)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			853,396		809,784		35,750		25,196		566,441		789,671		175,667		832,813
Transfers between funds			2,630,752		311,525		(746,935)		684,870		(2,720,436)		4,401,382		(2,395,621)		(29,831)
Surrenders (note 6)			(80,797)		(82,581)		(161,108)		(457,906)		(485,045)		(809,636)		(80,927)		(707,588)
Death Benefits (note 4)			-		(3,215)		(11,870)		-		(62,700)		(20,884)		(32,262)		(5,803)
Net policy repayments (loans) (note 5)			6,673		-		-		-		(7,557)		(75,750)		44,324		515,466
Deductions for surrender charges (note 2d)			-		-		-		-		(1,398)		(1,699)		(146)		(1,342)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(91,631)		(71,785)		(125,797)		(121,070)		(168,347)		(202,326)		(56,377)		(142,574)
Asset charges (note 3):
FPVUL & VEL contracts			(6,679)		(5,416)		-		-		(6,632)		(6,480)		(3,041)		(7,534)
MSP contracts			-		-		-		-		(28)		(27)		(35)		(47)
SL contracts or LSFP contracts			-		-		-		-		(1,114)		(1,204)		(333)		(969)
Adjustments to maintain reserves			30		(291)		65		(46)		109		7		3		(3)

Net equity transactions			3,311,744		958,021		(1,009,895)		131,044		(2,886,707)		4,073,054		(2,348,748)		452,588


Net change in contract owners’ equity			4,339,185		986,002		79,968		(784,437)		(2,064,559)		3,178,876		(1,964,533)		243,574
Contract owners’ equity beginning of period			5,231,978		4,245,976		8,109,871		8,894,308		9,992,568		6,813,692		1,964,533		1,720,959

Contract owners’ equity end of period	$		9,571,163		5,231,978		8,189,839		8,109,871		7,928,009		9,992,568		-		1,964,533


CHANGES IN UNITS:
Beginning units			502,516		409,144		551,488		569,959		967,648		628,074		189,756		151,587
Units purchased			295,872		109,982		9,255		55,370		56,695		438,761		18,855		82,897
Units redeemed			(15,782)		(16,610)		(77,432)		(73,841)		(311,807)		(99,187)		(208,611)		(44,728)

Ending units			782,606		502,516		483,311		551,488		712,536		967,648		-		189,756

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		JAIGS2				AVCA				AVCDI				OVHI3
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		-		92,341		-		1,487		(1,114)		(5,934)		255,446		124,543
Realized gain (loss) on investments			(1,506,517)		(1,469,791)		171,999		(45,636)		756,316		2,592,430		(17,110)		37,261
Change in unrealized gain (loss) on investments			3,726,083		(7,685,434)		(51,877)		(33,243)		(225,462)		(2,634,573)		(59,580)		(193,074)
Reinvested capital gains			-		246,048		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			2,219,566		(8,816,836)		120,122		(77,392)		529,740		(48,077)		178,756		(31,270)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			610,382		2,198,264		25,843		99,811		109,567		240,861		165,143		218,952
Transfers between funds			(18,958,503)		(2,824,710)		(918,875)		56,785		(4,360,071)		(5,005,636)		(1,559,695)		12,334
Surrenders (note 6)			(485,853)		(2,678,878)		(28,545)		(169,373)		(75,285)		(501,391)		(94,660)		(66,891)
Death Benefits (note 4)			(42,594)		(51,495)		-		(1,492)		(6,153)		(21,677)		(8,418)		-
Net policy repayments (loans) (note 5)			32,581		(12,198)		12,830		12,046		(17,669)		(19,893)		10,179		(8,575)
Deductions for surrender charges (note 2d)			(4,846)		(30,609)		(1,725)		(4,203)		(1,868)		(5,265)		(1,838)		(3,182)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(290,546)		(1,077,883)		(17,211)		(58,415)		(43,207)		(157,960)		(72,518)		(85,063)
Asset charges (note 3):
FPVUL & VEL contracts			(21,674)		(81,743)		(1,206)		(4,006)		(2,911)		(9,531)		(5,086)		(5,952)
MSP contracts			(652)		(2,209)		(55)		(167)		(101)		(332)		-		(19)
SL contracts or LSFP contracts			(2,667)		(9,629)		(99)		(375)		(345)		(1,076)		(479)		(563)
Adjustments to maintain reserves			(48)		(55)		(4)		-		-		(20)		(25)		2

Net equity transactions			(19,164,420)		(4,571,145)		(929,047)		(69,389)		(4,398,043)		(5,481,920)		(1,567,397)		61,043


Net change in contract owners’ equity			(16,944,854)		(13,387,981)		(808,925)		(146,781)		(3,868,303)		(5,529,997)		(1,388,641)		29,773
Contract owners’ equity beginning of period			16,944,854		30,332,835		808,925		955,706		3,868,303		9,398,300		1,388,641		1,358,868

Contract owners’ equity end of period	$		-		16,944,854		-		808,925		-		3,868,303		-		1,388,641


CHANGES IN UNITS:
Beginning units			1,571,373		1,903,372		63,786		69,399		215,710		489,353		477,390		458,373
Units purchased			50,496		181,793		1,999		11,786		5,867		14,467		53,030		88,529
Units redeemed			(1,621,869)		(513,792)		(65,785)		(17,399)		(221,577)		(288,110)		(530,420)		(69,512)

Ending units			-		1,571,373		-		63,786		-		215,710		-		477,390

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		OVHI				FGIS				NVAGF3				CSIEF3
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		47,188		33,769		-		(55)		-		14,484		-		29,894
Realized gain (loss) on investments			(714,793)		(288,662)		-		20,499		-		(35,519)		-		(46,211)
Change in unrealized gain (loss) on investments			702,080		248,488		-		(14,316)		-		11,159		-		(137,438)
Reinvested capital gains			-		-		-		-		-		19,764		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			34,475		(6,405)		-		6,128		-		9,888		-		(153,755)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			-		-		-		1		-		1,632		-		13,213
Transfers between funds			(286,292)		(8,035)		-		(82,801)		-		(402,938)		-		(817,290)
Surrenders (note 6)			(11,014)		(61,831)		-		-		-		-		-		(27,530)
Death Benefits (note 4)			(3,631)		(898)		-		-		-		-		-		-
Net policy repayments (loans) (note 5)			(3,527)		(2,196)		-		(161)		-		-		-		13,877
Deductions for surrender charges (note 2d)			(165)		(743)		-		-		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			(10,309)		(15,306)		-		(228)		-		(1,637)		-		(40,394)
Asset charges (note 3):
FPVUL & VEL contracts			(916)		(1,251)		-		-		-		(185)		-		(1,047)
MSP contracts			(71)		(88)		-		-		-		-		-		(8)
SL contracts or LSFP contracts			(74)		(149)		-		-		-		(26)		-		(12)
Adjustments to maintain reserves			(6)		-		-		(5)		-		(3)		-		78

Net equity transactions			(316,005)		(90,497)		-		(83,194)		-		(403,157)		-		(859,113)


Net change in contract owners’ equity			(281,530)		(96,902)		-		(77,066)		-		(393,269)		-		(1,012,868)
Contract owners’ equity beginning of period			281,530		378,432		-		77,066		-		393,269		-		1,012,868

Contract owners’ equity end of period	$		-		281,530		-		-		-		-		-		-


CHANGES IN UNITS:
Beginning units			68,934		90,495		-		9,015		-		31,818		-		89,347
Units purchased			-		-		-		-		-		82		-		1,879
Units redeemed			(68,934)		(21,561)		-		(9,015)		-		(31,900)		-		(91,226)

Ending units			-		68,934		-		-		-		-		-		-

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		GEF3				WSCP				SVSHEB				TRBCG2
		2012		2011		2012		2011		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		-		99		-		6,099		-		1,401		-		(279)
Realized gain (loss) on investments			-		(227)		-		320,543		-		33,748		-		58,093
Change in unrealized gain (loss) on investments			-		(255)		-		(340,650)		-		(20,155)		-		(26,550)
Reinvested capital gains			-		-		-		-		-		-		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			-		(383)		-		(14,008)		-		14,994		-		31,264


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			-		1,010		-		44,010		-		-		-		(127)
Transfers between funds			-		(4,174)		-		(1,035,905)		-		(116,683)		-		(481,876)
Surrenders (note 6)			-		(1)		-		(47,762)		-		(97,321)		-		-
Death Benefits (note 4)			-		-		-		(1,187)		-		-		-		-
Net policy repayments (loans) (note 5)			-		(28)		-		17,179		-		9		-		(799)
Deductions for surrender charges (note 2d)			-		-		-		(158)		-		-		-		-

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			-		(339)		-		(39,173)		-		(1,335)		-		(1,143)
Asset charges (note 3):
FPVUL & VEL contracts			-		(29)		-		(2,874)		-		-		-		-
MSP contracts			-		-		-		(97)		-		-		-		-
SL contracts or LSFP contracts			-		-		-		(509)		-		-		-		-
Adjustments to maintain reserves			-		1		-		(52,913)		-		2		-		4

Net equity transactions			-		(3,560)		-		(1,119,389)		-		(215,328)		-		(483,941)


Net change in contract owners’ equity			-		(3,943)		-		(1,133,397)		-		(200,334)		-		(452,677)
Contract owners’ equity beginning of period			-		3,943		-		1,133,397		-		200,334		-		452,677

Contract owners’ equity end of period	$		-		-		-		-		-		-		-		-


CHANGES IN UNITS:
Beginning units			-		264		-		91,046		-		24,343		-		34,892
Units purchased			-		66		-		10,432		-		-		-		-
Units redeemed			-		(330)		-		(101,478)		-		(24,343)		-		(34,892)

Ending units			-		-		-		-		-		-		-		-

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2012 and 2011


		FF05S				GEF
		2012		2011		2012		2011
Investment activity:
Net investment income (loss)	$		-		425		-		23,600
Realized gain (loss) on investments			-		(48)		-		(546,568)
Change in unrealized gain (loss) on investments			-		-		-		480,203
Reinvested capital gains			-		89		-		-

Net increase (decrease) in contract owners’ equity resulting from operations			-		466		-		(42,765)


Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)			-		-		-		150,620
Transfers between funds			-		(452)		-		(3,993,072)
Surrenders (note 6)			-		-		-		(201,683)
Death Benefits (note 4)			-		-		-		(8,398)
Net policy repayments (loans) (note 5)			-		-		-		(15,463)
Deductions for surrender charges (note 2d)			-		-		-		(330)

Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)			-		(13)		-		(75,579)
Asset charges (note 3):
FPVUL & VEL contracts			-		-		-		(6,011)
MSP contracts			-		-		-		(122)
SL contracts or LSFP contracts			-		-		-		(454)
Adjustments to maintain reserves			-		(1)		-		(85)

Net equity transactions			-		(466)		-		(4,150,577)


Net change in contract owners’ equity			-		-		-		(4,193,342)
Contract owners’ equity beginning of period			-		-		-		4,193,342

Contract owners’ equity end of period	$		-		-		-		-


CHANGES IN UNITS:
Beginning units			-		-		-		257,781
Units purchased			-		1		-		12,356
Units redeemed			-		(1)		-		(270,137)

Ending units			-		-		-		-

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

(1) Background and Summary of Significant Accounting Policies

(a) Organization and Nature of Operations

The Nationwide VLI Separate Account-4 (the Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on December 3, 1997. The Account is registered as a unit investment trust under the Investment Company Act of 1940. The Company offers Flexible Premium, Modified Single Premium, Variable Executive Life and Survivorship Life Variable Life Insurance Policies through the Account. The primary distribution for contracts is through wholesalers and brokers.

(b) The Contracts

Only contracts with a front-end sales charge and certain other fees are offered for purchase. See note 2 for a discussion of policy charges and note 3 for asset charges.

With certain exceptions, contract owners may invest in the following:

ALLIANCE BERNSTEIN FUNDS

VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)

AMERICAN CENTURY INVESTORS, INC.

VP Inflation Protection Fund - Class I (ACVIP1)*

AMERICAN FUNDS GROUP (THE)

Asset Allocation Fund - Class 2 (AMVAA2)

Bond Fund - Class 2 (AMVBD2)

Global Small Capitalization Fund - Class 2 (AMVGS2)

Growth Fund - Class 2 (AMVGR2)

International Fund - Class 2 (AMVI2)

BLACKROCK FUNDS

Large Cap Core V.I. Fund - Class II (MLVLC2)

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

CALVERT FUNDS

Calvert VP SRI Equity Portfolio (CVSSE)

DAVIS FUNDS

Value Portfolio (DAVVL)

DELAWARE GROUP FUNDS

VIP Emerging Markets Series: Service Class (DWVEMS)*

VIP Small Cap Value Series: Service Class (DWVSVS)

DREYFUS CORPORATION FUNDS

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

Stock Index Fund, Inc. - Service Shares (DSIFS)*

The Dreyfus Socially Responsible Growth Fund, Inc. - Initial Shares (DSRG)

EATON VANCE FUNDS

Floating-Rate Income Fund (ETVFR)

FIDELITY INVESTMENTS

VIP Fidelity VIP Freedom Fund 2015 Portfolio - Service Class 2 (FF15S2)*

GOLDMAN SACHS ASSET MANAGEMENT GROUP

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

INVESCO AIM INVESTMENTS

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

J.P. MORGAN INVESTMENT MANAGEMENT INC.

Mid Cap Growth Portfolio- Class 1 (OGGO)

Mid Cap Value Portfolio: Class 1 (JPMMV1)

JPMorgan Insurance Trust Core Bond Portfolio 1 (OGBDP)*

JPMorgan Insurance Trust Equity Index Portfolio 1 (OGEI)*

JPMorgan Insurance Trust Intrepid Growth Portfolio - Class 1 (OGLG)*

JPMorgan Insurance Trust Intrepid Mid Cap Portfolio 1 (OGDMP)*

JPMorgan Insurance Trust U.S. Equity Portfolio 1 (OGDEP)*

JANUS FUNDS

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

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

Janus Aspen Series - Global Technology Portfolio - Service Shares (JAGTS)

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

Janus Aspen Series - Perkins Mid Cap Value Portfolio - Service Shares (JAMVS)

LAZARD FUNDS

Retirement Emerging Markets Equity Portfolio - Service Shares (LZREMS)

LORD ABBETT FUNDS

Series Fund - Mid Cap Stock Fund: Class VC (LOVMCV)

MASSACHUSETTS FINANCIAL SERVICES CO.

Investors Growth Stock Series - Initial Class (MIGIC)

MFS Bond Portfolio - Service Class (MVBDS)*

Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)

New Discovery Series - Service Class (MNDSC)

Research International Series - Service Class (MVRISC)

Value Series - Initial Class (MVFIC)

Value Series - Service Class (MVFSC)

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

M FUNDS

M Business Opportunity Value Fund (MFBOV)*

M Capital Appreciation Fund (MFFCA)*

M International Equity Fund (MFBIE)*

M Large Cap Growth Fund (MFTCG)*

MORGAN STANLEY

Core Plus Fixed Income Portfolio - Class I (MSVFI)

Emerging Markets Debt Portfolio - Class I (MSEM)

Emerging Markets Debt Portfolio - Class II (MSEMB)*

Global Real Estate Portfolio - Class II (VKVGR2)

Mid Cap Growth Portfolio - Class II (MSVMG2)*

Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio- Class I (MSVMG)

Universal Institutional Funds, Inc. - Growth Portfolio - Class I (MSVEG)

U.S. Real Estate Portfolio - Class I (MSVRE)

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

NATIONWIDE FUNDS GROUP

American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)

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

American Funds NVIT Bond Fund - Class II (GVABD2)

American Funds NVIT Global Growth Fund - Class II (GVAGG2)

American Funds NVIT Growth Fund - Class II (GVAGR2)

American Funds NVIT Growth-Income Fund - Class II (GVAGI2)

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

Federated NVIT High Income Bond Fund - Class III (HIBF3)

NVIT Emerging Markets Fund - Class I (GEM)

NVIT Emerging Markets Fund - Class III (GEM3)

NVIT International Equity Fund - Class I (GIG)

NVIT International Equity Fund - Class III (GIG3)

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

Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)

Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)

Neuberger Berman NVIT Socially Responsible Fund - Class II (NVNSR2)*

NVIT Cardinal Aggressive Fund - Class I (NVCRA1)

NVIT Cardinal Balanced Fund - Class I (NVCRB1)

NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)

NVIT Cardinal Conservative Fund - Class I (NVCCN1)

NVIT Cardinal Moderate Fund - Class I (NVCMD1)

NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)

NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)

NVIT Core Bond Fund - Class I (NVCBD1)

NVIT Core Plus Bond Fund - Class I (NVLCP1)

NVIT Nationwide Fund - Class I (TRF)

NVIT Government Bond Fund - Class I (GBF)

American Century NVIT Growth Fund - Class I (CAF)

NVIT International Index Fund - Class II (GVIX2)

NVIT International Index Fund - Class VI (GVIX6)

NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)

NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)

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

NVIT Investor Destinations Conservative Fund - Class II (GVIDC)

NVIT Investor Destinations Moderate Fund - Class II (GVIDM)

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

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

NVIT Mid Cap Index Fund - Class I (MCIF)

NVIT Mid Cap Index Fund - Class II (MCIF2)*

NVIT Money Market Fund - Class I (SAM)

NVIT Money Market Fund - Class V (SAM5)

NVIT Multi-Manager International Growth Fund - Class III (NVMIG3)

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

NVIT Multi-Manager International Value Fund - Class III (GVDIV3)

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

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

NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)

NVIT Multi-Manager Mid Cap Value Fund - Class I (NVMMV1)

NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)

NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)

NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)

NVIT Multi-Manager Small Company Fund - Class I (SCF)

NVIT Multi-Sector Bond Fund - Class I (MSBF)

NVIT Short Term Bond Fund - Class I (NVSTB1)

NVIT Short Term Bond Fund - Class II (NVSTB2)

NVIT Large Cap Growth Fund - Class I (NVOLG1)

Templeton NVIT International Value Fund - Class III (NVTIV3)

Van Kampen NVIT Comstock Value Fund - Class I (EIF)

NVIT Real Estate Fund - Class I (NVRE1)

PORTFOLIOS OF THE ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND, INC

VPS Growth and Income Portfolio - Class A (ALVGIA)

VPS Growth and Income Portfolio - Class B (ALVGIB)*

VPS International Value Portfolio - Class A (ALVIVA)

VPS International Value Portfolio - Class B (ALVIVB)*

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

VPS Small/Mid Cap Value Portfolio: Class B (ALVSVB)*

PORTFOLIOS OF THE AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.

VP Income & Growth Fund - Class I (ACVIG)

American Century VP Inflation Protection Fund - Class II (ACVIP2)

VP International Fund - Class I (ACVI)

VP International Fund - Class III (ACVI3)*

VP Mid Cap Value Fund - Class I (ACVMV1)

VP Mid Cap Value Fund - Class II (ACVMV2)*

VP Ultra(R) Fund - Class I (ACVU1)

VP Value Fund - Class I (ACVV)

VP Value Fund - Class II (ACVV2)*

VP Vista(SM) Fund - Class I (ACVVS1)

VP Vista(SM) Fund - Class II (ACVVS2)*

PORTFOLIOS OF THE DREYFUS INVESTMENT PORTFOLIOS

MidCap Stock Portfolio - Initial Shares (DVMCS)

Small Cap Stock Index Portfolio - Service Shares (DVSCS)

PORTFOLIOS OF THE DREYFUS VARIABLE INVESTMENT FUND

Appreciation Portfolio - Initial Shares (DCAP)

Appreciation Portfolio - Service Shares (DCAPS)*

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

Opportunistic Small Cap Portfolio: Initial Shares (DSC)

International Value Portfolio - Initial Shares (DVIV)

PORTFOLIOS OF THE DWS INVESTMENTS VARIABLE INSURANCE TRUST

Small Cap Index VIP - Class A (BISCI)*

Variable Series II - DWS Dreman Small Mid Cap Value VIP - Class B (SVSSVB)

Variable Series II - DWS Large Cap Value VIP - Class B (SVSLVB)

PORTFOLIOS OF THE FEDERATED INSURANCE SERIES

Capital Appreciation Fund II - Primary Shares (FVCA2P)

Quality Bond Fund II - Primary Shares (FQB)

Quality Bond Fund II - Service Shares (FQBS)*

PORTFOLIOS OF THE FIDELITY(R) VARIABLE INSURANCE PRODUCTS

VIP Contrafund Portfolio - Service Class (FCS)

VIP Energy Portfolio - Service Class 2 (FNRS2)

VIP Equity-Income Portfolio - Service Class (FEIS)

VIP Equity-Income Portfolio - Service Class 2 (FEI2)*

VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)

VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)

VIP Freedom Fund 2020 Portfolio - Service Class 2 (FF20S2)*

VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)

VIP Freedom Fund 2030 Portfolio - Service Class 2 (FF30S2)*

VIP Freedom Income Fund Portfolio - Service Class (FFINS)

VIP Growth & Income Portfolio - Service Class (FGIS)*

VIP Growth Opportunities Portfolio - Service Class (FGOS)

VIP Growth Portfolio - Service Class (FGS)

VIP Growth Portfolio - Service Class 2 (FG2)*

VIP High Income Portfolio - Service Class (FHIS)

VIP High Income Portfolio - Service Class R (FHISR)

VIP Index 500 Portfolio - Initial Class (FIP)

VIP Investment Grade Bond Portfolio - Service Class (FIGBS)

VIP Investment Grade Bond Portfolio - Service Class 2 (FIGBP2)*

VIP Mid Cap Portfolio - Service Class (FMCS)

VIP Mid Cap Portfolio - Service Class 2 (FMC2)*

VIP Overseas Portfolio - Service Class (FOS)

VIP Overseas Portfolio - Service Class R (FOSR)

VIP Value Strategies Portfolio - Service Class (FVSS)

VIP Fidelity VIP Freedom Fund 2005 Portfolio - Service Class (FF05S)*

VIP Fidelity VIP Freedom Fund 2015 Portfolio - Service Class (FF15S)

VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class (FF25S)

VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class 2 (FF25S2)*

VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class (FF40S)

VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class 2 (FF40S2)*

PORTFOLIOS OF THE FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST

Franklin Income Securities Fund - Class 2 (FTVIS2)

Franklin Rising Dividends Securities Fund - Class 1 (FTVRDI)

Franklin Small Cap Value Securities Fund - Class 1 (FTVSVI)

Franklin Small Cap Value Securities Fund - Class 2 (FTVSV2)

Mutual Global Discovery Securities Fund - Class 2 (FTVMD2)

Templeton Developing Markets Securities Fund - Class 3 (FTVDM3)

Templeton Foreign Securities Fund - Class 1 (TIF)

Templeton Foreign Securities Fund - Class 2 (TIF2)

Templeton Foreign Securities Fund - Class 3 (TIF3)

Templeton Global Bond Securities Fund - Class 2 (FTVGI2)

Templeton Global Bond Securities Fund - Class 3 (FTVGI3)

VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)

PORTFOLIOS OF THE GOLDMAN SACHS VARIABLE INSURANCE TRUST

Mid Cap Value- Institutional Shares (GVMCE)

VIT Growth Opportunities Fund - Service Shares (GVGOPS)

PORTFOLIOS OF THE LEGG MASON PARTNERS VARIABLE EQUITY TRUST

ClearBridge Variable Small Cap Growth Portfolio - Class I (SBVSG)

PORTFOLIOS OF THE LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

Growth Opportunities Funds - Service Class (BNCAI)

PORTFOLIOS OF THE NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST

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

Guardian Portfolio - I Class Shares (AMGP)

International Portfolio - S Class Shares (AMINS)

Mid-Cap Growth Portfolio - I Class Shares (AMCG)

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

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

Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)*

Small-Cap Growth Portfolio - S Class Shares (AMFAS)

Socially Responsive Portfolio - I Class Shares (AMSRS)

PORTFOLIOS OF THE OPPENHEIMER VARIABLE ACCOUNT FUNDS

Oppenheimer Capital Appreciation Fund/VA - Service Class (OVCAFS)*

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

Global Securities Fund/VA - Class 3 (OVGS3)

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

Global Securities Fund/VA - Service Class (OVGSS)*

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

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

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

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

PORTFOLIOS OF THE PIMCO VARIABLE INSURANCE TRUST

All Asset Portfolio - Administrative Class (PMVAAA)

Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

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

Low Duration Portfolio - Administrative Class (PMVLDA)

Real Return Portfolio - Administrative Class (PMVRRA)

Total Return Portfolio - Administrative Class (PMVTRA)

PORTFOLIOS OF THE PIONEER VARIABLE CONTRACTS TRUST

Pioneer Emerging Markets VCT Portfolio - Class I Shares (PIVEMI)

Pioneer High Yield VCT Portfolio - Class I Shares (PIHYB1)

Pioneer High Yield VCT Portfolio - Class II Shares (PIHYB2)*

PORTFOLIOS OF THE PUTNAM VARIABLE TRUST

Putnam VT Growth and Income Fund - Class IB (PVGIB)

Putnam VT International Equity Fund - Class IB (PVTIGB)

Putnam VT Small Cap Value Fund - Class IB (PVTSCB)

Putnam VT Voyager Fund - Class IB (PVTVB)

PORTFOLIOS OF THE VAN KAMPEN LIFE INVESTMENT TRUST

Van Kampen V.I. American Franchise Fund: Series II Shares (ACEG2)*

Van Kampen V.I. Growth and Income Fund - Series I Shares (ACGI)

Van Kampen V.I. Growth and Income Fund - Series II Shares (VKLGI2)*

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

Van Kampen V.I. American Franchise Fund: Series I Shares (ACEG)

Van Kampen V.I. Value Opportunities Fund: Series I Shares (AVBVI)

V.I. High Yield Fund - Series I (AVHY1)

V.I. International Growth Fund - Series I (AVIE)

Variable Insurance Funds - Invesco V.I. Mid Cap Core Equity - Series I Shares (AVMCCI)

ROYCE CAPITAL FUNDS

Micro-Cap Portfolio - Investment Class (ROCMC)

Small-Cap Portfolio - Investment Class (ROCSC)

T. ROWE PRICE

Blue Chip Growth Portfolio - II (TRBCG2)*

Equity Income Portfolio - II (TREI2)

Health Sciences Portfolio - II (TRHS2)

Limited-Term Bond Portfolio (TRLT1)

Limited-Term Bond Portfolio - II (TRLT2)

Mid-Cap Growth Portfolio - II (TRMCG2)

New America Growth Portfolio (TRNAG1)

Personal Strategy Balanced Portfolio (TRPSB1)

Blue Chip Growth Portfolio (TRBCGP)

VAN ECK ASSOCIATES CORPORATION

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

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

VANGUARD GROUP OF INVESTMENT COMPANIES

Vanguard(R) Variable Insurance Funds - Balanced Portfolio (VVB)

Vanguard(R) Variable Insurance Funds - Diversified Value Portfolio (VVDV)

Vanguard(R) Variable Insurance Funds - International Portfolio (VVI)

Vanguard(R) Variable Insurance Funds - Mid-Cap Index Portfolio (VVMCI)

Vanguard(R) Variable Insurance Funds - REIT Index Portfolio (VVREI)

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

Vanguard(R) Variable Insurance Funds - Small Company Growth Portfolio (VVSCG)*

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

WADDELL & REED, INC.

Variable Insurance Portfolios - Asset Strategy (WRASP)

Variable Insurance Portfolios - Growth (WRGP)

Variable Insurance Portfolios - High Income (WRHIP)

Variable Insurance Portfolios - Mid Cap Growth (WRMCG)

Variable Insurance Portfolios - Real Estate Securities (WRRESP)

Variable Insurance Portfolios - Science and Technology (WRSTP)

WELLS FARGO FUNDS

Advantage VT Discovery Fund (SVDF)

Advantage VT Opportunity Fund - Class 2 (SVOF)

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

*At December 31, 2012, contract owners were not invested in this fund.

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

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

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

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

The Company allocates purchase payments to sub-accounts and/or the fixed account as instructed by the contract owner. Shares of the sub-accounts 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 contract.

(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, 2012 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.

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

(d) Federal Income Taxes

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

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

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

(f) Recently Issued Accounting Standards

There are no recently issued accounting standards applicable to the Account.

(g) Subsequent Events

The Company evaluated subsequent events through the date the financial statements were issued with the SEC.

(2) Policy Charges

(a) Deductions from Premium

For individual flexible premium and survivorship contracts, the Company deducts a minimum of 4.0% to a maximum of 8.5% of all premiums received to cover premium tax and sales expense. The Company may, at its sole discretion, reduce the sales loading portion of the premium load.

There are no deductions from premium on modified single premium contracts.

For the Corporate Series, the Company deducts a front-end sales load from each premium payment received to compensate us for our sales expenses and premium taxes, and certain actual expenses, including acquisition costs. The Company may reduce this charge where the size or nature of the group results in savings in sales, underwriting, or administrative costs. Variations due to differences in costs are determined in a manner not unfairly discriminatory to policy owners.

For Future Corporate Flexible Premium Variable Universal Life this charge is guaranteed not to exceed 12% from each premium payment received.

For Future Executive Flexible Premium Variable Universal Life this charge is guaranteed not to exceed 12% (5.5% starting in the sixth policy year) from each premium payment received.

For Next Generation and Nationwide MarathonSM Corporate Owned Flexible Premium Variable Universal Life this charge is guaranteed not to exceed 10% from each premium payment received.

For the periods ended December 31, 2012 and 2011, total front-end sales charge deductions were $ 11,912,501 and $ 12,258,497, respectively and were recognized as a reduction of purchase payments on the Statement of Changes in Contract Owners’ Equity.

(b) Cost of Insurance

A cost of insurance charge is assessed monthly against each contract by liquidating units. The amount of the charge varies widely and is based upon age, sex, rate class and net amount at risk (death benefit less total contract value).

(c) Administrative Charges

For The Best of America^® Next Generation, ChoiceLifeSM and all flexible premium survivorship contracts, the Company currently deducts a minimum monthly administration charge (for ProtectionSM flexible premium contracts this is known as the “monthly expense charge”) of $5 per policy month to a maximum of $10 per policy month to recover policy maintenance, accounting, record keeping and other administrative expenses. These charges are assessed monthly against each contract by liquidating units. For The Best of America^® Last Survivorship II and The Best of America^® ChoiceLife Survivorship Life contracts, there is an additional administrative (per specified amount) charge assessed to reimburse us for sales, underwriting, distribution and issuance costs. This charge is deducted from the policy’s Cash Value. During the first ten years from the Policy Date, the current monthly charge is $0.04 per $1,000 of Specified Amount, subject to a minimum charge of $20 and a maximum charge of $80 per month. These rates represent the maximum guaranteed charge for all years. After the tenth year from the Policy Date, the current monthly charge is $0.02 per $1,000 of Specified Amount with a $10 minimum and $40 maximum charge.

For The Best of America^® ChoiceLifeSM Survivorship II, Next GenerationSM Survivorship Life, The Best of America^® Protection Survivorship Life and The Best of America^® ChoiceLifeSM Protection contracts, the Company deducts a per $1,000 of specified amount charge for the first 3 policy years. This charge varies with the age of the insured and will not exceed $0.40 per $1,000 of Specified Amount. These charges are assessed monthly against each contract by liquidating units.

For modified single preimum contracts, for all states other than New York, the Company currently deducts a minimum monthly administration charge of $10 per policy per month. The actual charge is determined by multiplying 0.30% on an annualized basis by the policy’s cash value. This charge may be reduced to 0.15% on an annualized basis for policy years 11 and later. In New York, this charge is assessed in all policy years, with a maximum charge of $7.50 per month. These charges are assessed monthly against each contract by liquidating units.

For ProtectionSM flexible premium contracts, the Company deducts a policy expense per $1,000 of specified amount charge for the first two policy years. This charge varies with the age of the insured and will not exceed $0.30 per $1,000 of specified amount. For last survivor contracts, the Company deducts a per $1,000 of specified amount charge for the first 3 policy years. This charge varies with the age of the insured and will not exceed $0.40 per $1,000 of specified amount. These charges are assessed monthly against each contract by liquidating units.

For the Corporate Series, the Company deducts a monthly administrative expense charge to recover policy maintenance, accounting, record keeping and other administrative expenses. These charges are assessed against each contract by liquidating units. Currently, this monthly charge $5 per policy in all policy years (guaranteed not to exceed $10 per policy). We also deduct a per $1,000 of specified amount charge to compensate us for sales, underwriting, distribution and issuance of the policy. This charge is assessed monthly against each contract by liquidating units. This charge varies depending on the total specified amount. For Future Corporate Flexible Premium Variable Universal Life, the Company deducts a per $1,000 of specified amount that will not exceed $0.40 per $1,000 of specified amount, unless the policy is issued in the state of New York with an application signed on or after January 2, 2010, where the maximum guaranteed charge is $0.085 of specified amount. For Next Generation, Nationwide MarathonSM Corporate Owned Flexible Premium Variable Universal Life and Future Corporate Flexible Premium Variable Universal Life the Company deducts a per $1,000 of specified amount charge that will not exceed $0.40 per $1,000 of specified amount.

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

(d) Surrender Charges

Policy surrenders result in a redemption of the contract value from the Account and payment of the surrender proceeds to the contract owner or designee. The surrender proceeds consist of the contract value, less any outstanding policy loans, and less a surrender charge, if applicable. The amount of the charge is based upon a specified percentage of the initial surrender charge which varies by issue age, sex and rate class. For individual flexible premium, flexible premium survivorship and modified single premium and corporate contracts (such as Variable Executive Life), the charge is 100% of the initial surrender charge in the first year, and declines a specified amount in subsequent years to 0% of the initial surrender charge in the ninth year or later. The Company may waive the surrender charge for certain contracts in which the sales expenses normally associated with the distribution of a contract are not incurred. The charges are assessed against each contract by liquidating units.

For the Corporate Series, contracts do not currently assess surrender charges.

(3) Asset Charges

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

(a) Modified Single Premium Contracts (MSP)

For modified single premium contracts, the Company deducts a charge equal to an annualized rate of 0.70% of the cash surrender value of the sub-accounts. In policy years 1- 10, the Company also deducts a charge equal to the annualized rate of 0.50% of the cash surrender value of the sub-accounts to remiburse us for taxes imposed by federal, state and local governments. These charges are assessed monthly against each contract by liquidating units.

(b) Flexible Premium and Variable Executive Life Contracts (FPVUL and VEL)

For Best of America^® The Next Generation and ChoiceLifeSM contracts, during the first fifteen policy years, the Company deducts a charge of $0.50 per $1,000 on the first $25,000 of cash surrender value attributable to the variable account, $0.25 per $1,000 on $25,001 up to $250,000 of cash surrender value attributable to the variable account and $0.08 per $1,000 over $250,000 of cash surrender value attributable to the variable account. Beginning in policy year sixteen, the Company deducts a charge of $0.50 per $1,000 on the first $25,000 of cash surrender value attributable to the variable account, and $0.08 per $1,000 over $25,000 of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units. For Choice Life ProtectionSM contracts and Best of America^® ProtectionSM contracts, the Company deducts $0.66 per $1,000 of cash surrender value attributable to the variable account during the first through fifteenth years from the Policy Date. Thereafter, this charge is $0.25 per $1,000 of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units.

(c) Survivorship Life Contracts (SL)

For The Best of America^® Last Survivorship II and The Best of America^® ChoiceLife Survivorship contracts, during the first ten policy years, the Company deducts a charge of $0.46 per $1,000 on the cash surrender value attributable to the variable account. After ten years from the Policy Date, the Company deducts $0.46 per $1,000 on the first $25,000 of cash surrender value attributable to the variable account; $0.29 per $1,000 on $25,001 up to $99,999 of cash surrender value attributable to the variable account; and $0.17 per $1,000 on $100,000 or more of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units.

For The Best of America^® ChoiceLifeSM Survivorship II and Next GenerationSM Survivorship Life contracts, during the first fifteen policy years, the Company deducts a charge of $0.50 per $1,000 on the first $25,000 of cash surrender value attributable to the variable account; $0.25 per $1,000 on $25,001 up to $250,000 of cash surrender value attributable to the variable account; and $0.08 per $1,000 over $250,000 of cash surrender value attributable to the variable account. After fifteen years from the Policy Date, the Company deducts $0.50 per $1,000 on the first $25,000 of cash surrender value attributable to the variable account and $0.08 per $1,000 over $25,000 of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units.

For The Best of America^® ProtectionSM Survivorship and ChoiceLife ProtectionSM Survivorship Life contracts, during the first fifteen policy years, the Company deducts a charge of $0.66 per $1,000 of cash surrender value attributable to the variable account. After fifteen years from the Policy Date, the Company deducts $0.25 per $1,000 of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units.

(d) Corporate Contracts (LSFP)

For Future Corporate Flexible Premium variable Universal Life, the Company deducts a charge guaranteed not to exceed an annualized rate of 0.90% of the daily net assets of the Account for policies issued on or after January 1, 2009. This charge is guaranteed not to exceed an annualized rate of 0.75% of the daily net assets of the Account for policies issued prior to January 1, 2009. Currently, this rate is 0.25% during the first through fourth policy years, 0.20% during the fifth through fifteenth policy years, and 0.10% thereafter. This charge is assessed monthly against each contract by liquidating units.

For Future Corporate Flexible Premium Variable Universal Life, the Company deducts a charge guaranteed not to exceed an annualized rate of 0.90% of the daily net assets of the Account. Currently, this rate is 0.25% during the first through fourth policy years, 0.20% during the fifth through fifteenth policy years, and 0.10% thereafter. This charge is assessed monthly against each contract by liquidating units.

For Next Generation Corporate Owned Flexible Premium Variable Universal Life, the Company deducts a charge guaranteed not to exceed an annualized rate of 1.25% of the daily net assets of the Account. Currently, this rate will not exceed 0.60%. This charge is assessed monthly against each contract by liquidating units. For Nationwide MarathonSM Corporate Owned Flexbile Premium Variable Universal Life, the Company deducts a charge guaranteed not to exceed an annualized rate of 0.90% of the daily net asset value of the Account. Currently, this rate will not exceed 0.50%. This charge is assessed monthly against each contract by liquidating units.

The Company may reduce or eliminate certain charges where the size or nature of the group results in savings in sales, underwriting, administrative or other costs to the Company. These charges may be reduced in certain group sponsored arrangements or special exchange programs made available by the Company.

(4) Death Benefits

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

(5) Policy Loans (Net of Repayments)

Contract provisions allow contract owners to borrow 90% of a policy’s variable cash surrender value plus 100% of a policy’s fixed cash surrender value less applicable value of surrender charge. Interest is charged on the outstanding loan and is due and payable in advance on the policy anniversary. At the time the loan is granted, the amount of the loan is transferred from the Account to the Company’s general account as collateral for the outstanding loan. Collateral amounts in the general account are credited with the stated rate of interest in effect at the time the loan is made, subject to a guaranteed minimum rate. Interest credited is paid by the Company’s general account to the Account. Loan repayments result in a transfer of collateral including interest credited back to the Account.

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

(6) Related Party Transactions

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

Contract owners may, with certain restrictions, transfer their assets between the Account and a fixed dollar contract (fixed account) maintained in the accounts of the Company. These transfers are the result of the contract owner executing fund exchanges. Fund exchanges from the Account to the fixed account are included in surrenders, and fund exchanges from the fixed account to the Account are included in purchase payments received from contract owners, as applicable, on the accompanying Statements of Change in Contract Owner’s Equity. Policy loan transactions (note 5), executed at the direction of the contract owner, also result in transfers between the Account and the fixed account of the Company, but are included in Net Policy (Loans) Repayments. The fixed account assets are not reflected in the accompanying financial statements. For the periods ended December 31, 2012 and 2011, total transfers into the Account from the fixed account were $43,126,682 and $49,066,651, respectively, and total transfers from the Account to the fixed account were $85,654,739 and $83,208,051, 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 Account generally uses the market approach as the valuation technique due to the nature of the mutual fund investments offered in the Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs.

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

Ÿ 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.

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

Ÿ 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 Account recognizes transfers between fair value hierarchy levels at the reporting period end. There were no transfers between Level 1 and 2 as of December 31, 2012.

The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2012:


	Level 1	Level 2	Level 3	Total

Separate Account Investments	$4,082,802,095	$0	$0	$4,082,802,095

The cost of purchases and proceeds from sales of investments for the year ended December 31, 2012 are as follows:


	Purchases of Investments		Sales of Investments
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)	$	84	$	14
Asset Allocation Fund - Class 2 (AMVAA2)		2,026,038		816,964
Bond Fund - Class 2 (AMVBD2)		42,671		429,186
Global Small Capitalization Fund - Class 2 (AMVGS2)		511,835		488,691
Growth Fund - Class 2 (AMVGR2)		7,582,844		6,057,967
International Fund - Class 2 (AMVI2)		1,884,821		303,470
Large Cap Core V.I. Fund - Class II (MLVLC2)		897,559		712,448
Global Allocation V.I. Fund - Class II (MLVGA2)		2,312,661		1,626,477
Calvert VP SRI Equity Portfolio (CVSSE)		76,967		179,323
Value Portfolio (DAVVL)		799,475		391,846
VIP Small Cap Value Series: Service Class (DWVSVS)		4,169,872		344,249
Stock Index Fund, Inc. - Initial Shares (DSIF)		47,994,932		48,179,647
The Dreyfus Socially Responsible Growth Fund, Inc. - Initial Shares (DSRG)		256,558		956,094
Floating-Rate Income Fund (ETVFR)		15,481,159		357,241
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)		935		8
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)		4,316,422		863,046
Mid Cap Growth Portfolio- Class 1 (OGGO)		553,243		1,007,595
Mid Cap Value Portfolio: Class 1 (JPMMV1)		1,738,039		22,035
Janus Aspen Series - Balanced Portfolio - Service Shares (JABS)		7,238,694		3,629,715
Janus Aspen Series - Forty Portfolio - Service Shares (JACAS)		5,973,602		18,150,761
Janus Aspen Series - Global Technology Portfolio - Service Shares (JAGTS)		3,392,413		2,856,394
Janus Aspen Series - Overseas Portfolio - Service Shares (JAIGS)		26,943,808		22,133,232
Janus Aspen Series - Perkins Mid Cap Value Portfolio - Service Shares (JAMVS)		1,102,599		617,169
Retirement Emerging Markets Equity Portfolio - Service Shares (LZREMS)		5,521,950		2,931,360
Series Fund - Mid Cap Stock Fund: Class VC (LOVMCV)		351,466		283,058
Investors Growth Stock Series - Initial Class (MIGIC)		491,150		681,115
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)		93,584		15,517
New Discovery Series - Service Class (MNDSC)		682,660		29,692
Research International Series - Service Class (MVRISC)		2,527,779		153,907
Value Series - Initial Class (MVFIC)		1,883,047		1,972,262
Value Series - Service Class (MVFSC)		9,365,926		8,711,786
Variable Insurance Trust II - MFS International Value Portfolio - Service Class (MVIVSC)		19,858,582		8,300,320
Core Plus Fixed Income Portfolio - Class I (MSVFI)		291,220		556,002
Emerging Markets Debt Portfolio - Class I (MSEM)		4,664,129		3,848,392

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


Global Real Estate Portfolio - Class II (VKVGR2)	1,575,899	694,767
Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio- Class I (MSVMG)	6,009,462	5,557,967
Universal Institutional Funds, Inc. - Growth Portfolio - Class I (MSVEG)	1,228,304	483,366
U.S. Real Estate Portfolio - Class I (MSVRE)	2,318,575	5,798,127
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)	2,131,767	4,262,506
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)	1,245,977	670,251
American Funds NVIT Bond Fund - Class II (GVABD2)	487,484	652,037
American Funds NVIT Global Growth Fund - Class II (GVAGG2)	903,224	1,492,905
American Funds NVIT Growth Fund - Class II (GVAGR2)	700,866	2,121,425
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)	358,799	626,329
Federated NVIT High Income Bond Fund - Class I (HIBF)	5,440,325	4,890,898
Federated NVIT High Income Bond Fund - Class III (HIBF3)	4,731,365	5,376,855
NVIT Emerging Markets Fund - Class I (GEM)	2,033,387	2,635,016
NVIT Emerging Markets Fund - Class III (GEM3)	655,964	5,160,081
NVIT International Equity Fund - Class I (GIG)	2,565,722	2,792,652
NVIT International Equity Fund - Class III (GIG3)	529,468	1,234,679
Variable Insurance Trust: NVIT International Equity Fund - Class VI (NVIE6)	1,469	149,979
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)	1,357,054	1,570,551
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)	7,500	341,724
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)	1,282,236	884,634
NVIT Cardinal Balanced Fund - Class I (NVCRB1)	5,866,019	2,904,420
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)	1,749,657	953,643
NVIT Cardinal Conservative Fund - Class I (NVCCN1)	2,736,062	1,069,208
NVIT Cardinal Moderate Fund - Class I (NVCMD1)	1,244,399	1,535,608
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)	509,674	699,265
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)	1,168,930	471,055
NVIT Core Bond Fund - Class I (NVCBD1)	459,584	528,361
NVIT Core Plus Bond Fund - Class I (NVLCP1)	1,649,547	880,096
NVIT Nationwide Fund - Class I (TRF)	1,651,155	13,890,388
NVIT Government Bond Fund - Class I (GBF)	46,852,729	28,675,819
American Century NVIT Growth Fund - Class I (CAF)	875,777	1,338,164
NVIT International Index Fund - Class II (GVIX2)	3,422,485	3,972,654
NVIT International Index Fund - Class VI (GVIX6)	249,480	166,759
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)	1,891,186	6,927,587
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)	1,354,303	127,390
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)	97,756	57,174
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)	3,457,111	3,979,564
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)	3,339,748	13,376,686
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)	4,267,399	9,302,951
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)	2,131,070	2,114,734
NVIT Mid Cap Index Fund - Class I (MCIF)	11,129,210	13,491,315
NVIT Money Market Fund - Class I (SAM)	31,713,456	37,011,202
NVIT Money Market Fund - Class V (SAM5)	97,521,645	107,033,872
NVIT Multi-Manager International Growth Fund - Class III (NVMIG3)	549,997	2,168,272
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)	2,915	57,576
NVIT Multi-Manager International Value Fund - Class III (GVDIV3)	270,905	631,672
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)	1,125,488	3,190,021
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)	492,227	1,230,167
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)	3,318,068	6,113,683
NVIT Multi-Manager Mid Cap Value Fund - Class I (NVMMV1)	21,077	23,522
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)	1,197,965	1,066,551
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)	864,582	2,283,124
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)	2,531,684	7,270,636
NVIT Multi-Manager Small Company Fund - Class I (SCF)	3,462,614	10,164,506
NVIT Multi-Sector Bond Fund - Class I (MSBF)	2,021,154	3,951,118
NVIT Short Term Bond Fund - Class I (NVSTB1)	24,254,861	730,494
NVIT Short Term Bond Fund - Class II (NVSTB2)	748,841	913,176
NVIT Large Cap Growth Fund - Class I (NVOLG1)	1,299,644	13,555,575
Templeton NVIT International Value Fund - Class III (NVTIV3)	146,367	119,596
Van Kampen NVIT Comstock Value Fund - Class I (EIF)	311,270	2,162,740
NVIT Real Estate Fund - Class I (NVRE1)	6,513,329	6,171,372
VPS Growth and Income Portfolio - Class A (ALVGIA)	1,978,761	1,562,420
VPS International Value Portfolio - Class A (ALVIVA)	1,931,774	5,515,070
VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)	3,468,276	5,167,172
VP Income & Growth Fund - Class I (ACVIG)	966,472	2,440,607
American Century VP Inflation Protection Fund - Class II (ACVIP2)	6,663,231	4,593,231
VP International Fund - Class I (ACVI)	455,277	1,684,696
VP Mid Cap Value Fund - Class I (ACVMV1)	2,371,969	950,447
VP Ultra(R) Fund - Class I (ACVU1)	308,405	727,024
VP Value Fund - Class I (ACVV)	5,912,299	8,565,578
VP Vista(SM) Fund - Class I (ACVVS1)	180,514	432,778
MidCap Stock Portfolio - Initial Shares (DVMCS)	90,425	185,078
Small Cap Stock Index Portfolio - Service Shares (DVSCS)	11,888,499	8,928,019
Appreciation Portfolio - Initial Shares (DCAP)	10,828,882	6,613,491
Opportunistic Small Cap Portfolio: Initial Shares (DSC)	547,007	501,824
International Value Portfolio - Initial Shares (DVIV)	2,626,282	8,303,806
Variable Series II - DWS Dreman Small Mid Cap Value VIP - Class B (SVSSVB)	355,572	1,647,746
Variable Series II - DWS Large Cap Value VIP - Class B (SVSLVB)	36,369	84,831
Capital Appreciation Fund II - Primary Shares (FVCA2P)	132,801	666,224
Quality Bond Fund II - Primary Shares (FQB)	3,473,644	8,020,820
VIP Contrafund Portfolio - Service Class (FCS)	9,300,103	16,530,025
VIP Energy Portfolio - Service Class 2 (FNRS2)	1,141,450	2,780,939
VIP Equity-Income Portfolio - Service Class (FEIS)	11,762,620	10,987,352
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)	376,815	722,579
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)	2,692,603	1,204,869

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)	1,758,286	3,401,202
VIP Freedom Income Fund Portfolio - Service Class (FFINS)	498,781	753,190
VIP Growth Opportunities Portfolio - Service Class (FGOS)	112,138	806,606
VIP Growth Portfolio - Service Class (FGS)	4,767,547	10,107,850
VIP High Income Portfolio - Service Class (FHIS)	4,049,960	3,073,024
VIP High Income Portfolio - Service Class R (FHISR)	1,795,503	1,030,077
VIP Index 500 Portfolio - Initial Class (FIP)	6,738,069	3,455,275
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)	6,987,703	4,665,139
VIP Mid Cap Portfolio - Service Class (FMCS)	7,107,505	11,355,272
VIP Overseas Portfolio - Service Class (FOS)	809,998	5,527,528
VIP Overseas Portfolio - Service Class R (FOSR)	1,340,669	2,354,596
VIP Value Strategies Portfolio - Service Class (FVSS)	447,876	1,120,665
VIP Fidelity VIP Freedom Fund 2015 Portfolio - Service Class (FF15S)	2,165,530	1,878,976
VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class (FF25S)	2,634,121	1,102,481
VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class (FF40S)	2,834,184	673,178
Franklin Income Securities Fund - Class 2 (FTVIS2)	1,766,445	842,669
Franklin Rising Dividends Securities Fund - Class 1 (FTVRDI)	2,046,402	2,106,082
Franklin Small Cap Value Securities Fund - Class 1 (FTVSVI)	476,814	1,970,622
Franklin Small Cap Value Securities Fund - Class 2 (FTVSV2)	3,482,802	3,273,268
Mutual Global Discovery Securities Fund - Class 2 (FTVMD2)	302,183	362,495
Templeton Developing Markets Securities Fund - Class 3 (FTVDM3)	593,334	1,305,494
Templeton Foreign Securities Fund - Class 1 (TIF)	42,229	155,021
Templeton Foreign Securities Fund - Class 2 (TIF2)	2,779,195	2,492,270
Templeton Foreign Securities Fund - Class 3 (TIF3)	770,590	1,166,327
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)	7,798,022	8,773,567
Templeton Global Bond Securities Fund - Class 3 (FTVGI3)	2,132,345	1,534,390
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)	71,364	54,451
Mid Cap Value- Institutional Shares (GVMCE)	6,349,591	11,318,505
VIT Growth Opportunities Fund - Service Shares (GVGOPS)	161,930	114,379
ClearBridge Variable Small Cap Growth Portfolio - Class I (SBVSG)	1,831,356	588,931
Growth Opportunities Funds - Service Class (BNCAI)	1,918,605	3,239,011
Advisers Management Trust - Short Duration Bond Portfolio - I Class Shares (AMTB)	572,962	811,799
Guardian Portfolio - I Class Shares (AMGP)	122,781	1,398,686
Mid-Cap Growth Portfolio - I Class Shares (AMCG)	671,784	2,719,693
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)	1,550,057	3,214,886
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class I (AMRI)	1,707,022	1,028,495
Small-Cap Growth Portfolio - S Class Shares (AMFAS)	202,877	894,246
Socially Responsive Portfolio - I Class Shares (AMSRS)	77,771	577,582
Capital Appreciation Fund/VA - Non-Service Shares (OVGR)	3,252,109	6,458,451
Global Securities Fund/VA - Class 3 (OVGS3)	1,103,973	2,850,733
Global Securities Fund/VA - Non-Service Shares (OVGS)	5,678,702	9,434,994
Main Street Fund(R)/VA - Non-Service Shares (OVGI)	1,285,733	3,234,312
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)	257,281	703,208
Mid-Cap Growth Fund/VA - Non-Service Shares (OVAG)	619,120	3,727,632
Global Strategic Income Fund/VA: Non-service Shares (OVSB)	2,215,888	2,557,510
All Asset Portfolio - Administrative Class (PMVAAA)	23,440,221	2,138,397
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)	874,880	1,373,185
Long-Term U.S. Government Portfolio - Administrative Class (PMVLGA)	360,644	332,236
Low Duration Portfolio - Administrative Class (PMVLDA)	19,725,400	33,363,626
Real Return Portfolio - Administrative Class (PMVRRA)	33,128,738	31,929,609
Total Return Portfolio - Administrative Class (PMVTRA)	78,783,222	43,508,777
Pioneer Emerging Markets VCT Portfolio - Class I Shares (PIVEMI)	1,076,611	1,240,966
Pioneer High Yield VCT Portfolio - Class I Shares (PIHYB1)	10,344,159	13,061,506
Putnam VT Growth and Income Fund - Class IB (PVGIB)	298,937	344,742
Putnam VT International Equity Fund - Class IB (PVTIGB)	273,959	353,994
Putnam VT Small Cap Value Fund - Class IB (PVTSCB)	1,760	10,744
Putnam VT Voyager Fund - Class IB (PVTVB)	643,048	1,266,427
Van Kampen V.I. Growth and Income Fund - Series I Shares (ACGI)	1,771,364	307,065
Van Kampen V.I. American Franchise Fund: Series I Shares (ACEG)	1,083,410	252,317
Van Kampen V.I. Value Opportunities Fund: Series I Shares (AVBVI)	121,378	240,118
V.I. High Yield Fund - Series I (AVHY1)	4,348,670	2,214,599
V.I. International Growth Fund - Series I (AVIE)	11,515,796	9,442,102
Variable Insurance Funds - Invesco V.I. Mid Cap Core Equity - Series I Shares (AVMCCI)	1,000,591	347,850
Micro-Cap Portfolio - Investment Class (ROCMC)	9,458,333	19,018,705
Small-Cap Portfolio - Investment Class (ROCSC)	464,972	658,834
Equity Income Portfolio - II (TREI2)	9,932,458	22,495,946
Health Sciences Portfolio - II (TRHS2)	6,617,035	3,720,456
Limited-Term Bond Portfolio (TRLT1)	3,642,690	1,647,826
Limited-Term Bond Portfolio - II (TRLT2)	21	22
Mid-Cap Growth Portfolio - II (TRMCG2)	5,903,920	9,237,041
New America Growth Portfolio (TRNAG1)	15,463,886	6,114,772
Personal Strategy Balanced Portfolio (TRPSB1)	2,334,356	1,560,544
Blue Chip Growth Portfolio (TRBCGP)	80,307	204
VIP Trust - Emerging Markets Fund: Initial Class (VWEM)	2,195,731	4,920,929
VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)	11,775,477	14,972,191
Vanguard(R) Variable Insurance Funds - Balanced Portfolio (VVB)	2,310,399	1,620,575
Vanguard(R) Variable Insurance Funds - Diversified Value Portfolio (VVDV)	11,428,014	1,197,526
Vanguard(R) Variable Insurance Funds - International Portfolio (VVI)	669,171	870,593
Vanguard(R) Variable Insurance Funds - Mid-Cap Index Portfolio (VVMCI)	1,828,535	735,732
Vanguard(R) Variable Insurance Funds - REIT Index Portfolio (VVREI)	450,684	342,477
Vanguard(R) Variable Insurance Funds - Short-Term Investment-Grade Portfolio (VVSTC)	1,996,400	670,796
Vanguard(R) Variable Insurance Funds - Total Bond Market Index Portfolio (VVHGB)	2,097,771	1,001,871
Variable Insurance Portfolios - Asset Strategy (WRASP)	3,757,549	2,501,592

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


Variable Insurance Portfolios - Growth (WRGP)			800,990		964,616
Variable Insurance Portfolios - High Income (WRHIP)			13,027,243		384,157
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)			716,915		187,039
Variable Insurance Portfolios - Real Estate Securities (WRRESP)			1,433,625		1,972,607
Variable Insurance Portfolios - Science and Technology (WRSTP)			3,475,867		1,618,931
Advantage VT Discovery Fund (SVDF)			4,058,797		754,372
Advantage VT Opportunity Fund - Class 2 (SVOF)			2,141,995		3,159,593
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)			2,059,886		4,561,898
Janus Aspen Series - Global Technology Portfolio - Service II Shares (obsolete) (JAGTS2)			441,200		2,789,950
Janus Aspen Series - Overseas Portfolio - Service II Shares (obsolete) (JAIGS2)			353,210		19,517,582
V.I. Capital Appreciation Fund - Series I (obsolete) (AVCA)			19,593		948,635
V.I. Capital Development Fund - Series I (obsolete) (AVCDI)			82,342		4,481,501
High Income Fund/VA - Class 3 (obsolete) (OVHI3)			469,691		1,781,617
High Income Fund/VA - Non-Service Shares (obsolete) (OVHI)			47,188		316,000

	Total	$	976,773,167	$	1,004,802,231

(8) Financial Highlights

The following tabular presentation is a summary of units, unit fair values, contract owners’ equity outstanding and contract expense rates for variable life contracts as of December 31, 2012, and the investment income ratio and total return for each of the periods in the five year period ended December 31, 2012. Total return and investment income ratio for periods with no ending contract owners’ equity were considered to be irrelevant, and therefore are not presented.

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)
2012		0.00	%		7	$	10.254428	$	72		0.15%		2.54	%	5/1/2012
Asset Allocation Fund - Class 2 (AMVAA2)
2012		0.00	%		31,141		11.199540		348,765		2.21%		16.19	%
2012		0.20	%		35,875		11.082315		397,578		2.21%		15.96	%
2012		0.25	%		183,194		11.053188		2,024,878		2.21%		15.90	%
2011		0.00	%		28,278		9.638937		272,570		1.73%		1.30	%
2011		0.20	%		22,659		9.557165		216,556		1.73%		1.09	%
2011		0.25	%		86,825		9.536838		828,036		1.73%		1.04	%
2010		0.00	%		42,950		9.515611		408,695		2.01%		12.51	%
2010		0.20	%		23,921		9.453733		226,143		2.01%		12.28	%
2010		0.25	%		80,409		9.438323		758,926		2.01%		12.22	%
2009		0.00	%		42,984		8.457915		363,555		2.53%		23.98	%
2009		0.25	%		113,993		8.410207		958,705		2.53%		23.67	%
2008		0.00	%		25,201		6.821773		171,916		4.65%		-29.51	%
2008		0.25	%		88,189		6.800279		599,710		4.65%		-29.69	%
2008		0.40	%		3,451		6.787413		23,423		4.65%		-29.79	%
Bond Fund - Class 2 (AMVBD2)
2012		0.00	%		16,295		12.210902		198,977		1.94%		5.37	%
2012		0.20	%		1,631		12.083145		19,708		1.94%		5.16	%
2012		0.25	%		1,138		12.051410		13,715		1.94%		5.11	%
2011		0.00	%		17,168		11.588210		198,946		2.23%		6.10	%
2011		0.20	%		10,103		11.489974		116,083		2.23%		5.89	%
2011		0.25	%		25,540		11.465538		292,830		2.23%		5.84	%
2010		0.00	%		3,571		10.921671		39,001		3.24%		6.44	%
2010		0.20	%		68,366		10.850693		741,818		3.24%		6.23	%
2010		0.25	%		34,481		10.833025		373,534		3.24%		6.18	%
2009		0.00	%		1,580		10.260471		16,212		3.45%		12.61	%
2009		0.20	%		65,270		10.214198		666,681		3.45%		12.38	%
2009		0.25	%		17,735		10.202662		180,944		3.45%		12.32	%
2008		0.00	%		702		9.111914		6,397		5.81%		-9.35	%
2008		0.20	%		49,461		9.088973		449,550		5.81%		-9.53	%
2008		0.25	%		12,173		9.083242		110,570		5.81%		-9.57	%
Global Small Capitalization Fund - Class 2 (AMVGS2)
2012		0.00	%		18,949		9.525679		180,502		1.28%		18.18	%
2012		0.20	%		87,959		9.431647		829,598		1.28%		17.94	%
2012		0.25	%		69,398		9.408304		652,917		1.28%		17.88	%
2011		0.00	%		24,198		8.060463		195,047		1.26%		-19.14	%
2011		0.20	%		109,819		7.996904		878,212		1.26%		-19.31	%
2011		0.25	%		38,781		7.981109		309,515		1.26%		-19.35	%
2010		0.00	%		278		9.968859		2,771		1.76%		22.41	%
2010		0.20	%		103,759		9.910046		1,028,256		1.76%		22.17	%
2010		0.25	%		19,429		9.895414		192,258		1.76%		22.11	%
2009		0.20	%		99,620		8.111767		808,094		0.37%		60.97	%
2009		0.25	%		13,910		8.103815		112,724		0.37%		60.89	%
2008		0.20	%		45,204		5.039200		227,792		0.00%		-49.61	%	1/16/2008
2008		0.25	%		4,127		5.036777		20,787		0.00%		-49.63	%	1/16/2008
Growth Fund - Class 2 (AMVGR2)
2012		0.20	%		875,328		10.415272		9,116,779		0.83%		17.65	%
2012		0.25	%		848,137		10.389269		8,811,523		0.83%		17.60	%
2011		0.20	%		646,898		8.852415		5,726,610		0.80%		-4.47	%
2011		0.25	%		917,949		8.834746		8,109,846		0.80%		-4.52	%
2010		0.20	%		200,497		9.266406		1,857,887		0.78%		18.44	%
2010		0.25	%		28,764		9.252533		266,140		0.78%		18.38	%
2009		0.20	%		198,835		7.823490		1,555,584		0.73%		39.13	%
2009		0.25	%		27,764		7.815684		216,995		0.73%		39.06	%
2008		0.20	%		138,139		5.623019		776,758		0.96%		-43.77	%	1/2/2008
2008		0.25	%		12,612		5.620215		70,882		0.96%		-43.80	%	1/2/2008
International Fund - Class 2 (AMVI2)
2012		0.00	%		7,229		9.258582		66,930		2.11%		17.91	%
2012		0.20	%		23,263		9.227767		214,666		2.11%		17.67	%
2012		0.25	%		179,592		9.220070		1,655,851		2.11%		17.61	%
2011		0.00	%		5,126		7.852467		40,252		2.58%		-21.48	%	5/2/2011
2011		0.25	%		20,132		7.839419		157,823		2.58%		-21.61	%	5/2/2011

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
Large Cap Core V.I. Fund - Class II (MLVLC2)
2012		0.00	%		4,756	$	13.488801	$	64,153		1.38%		12.59	%
2012		0.10	%		35,076		13.385802		469,520		1.38%		12.47	%
2012		0.20	%		11,657		13.283534		154,846		1.38%		12.36	%
2012		0.25	%		131,505		13.232769		1,740,175		1.38%		12.30	%
2011		0.00	%		7,595		11.980842		90,994		0.97%		2.20	%
2011		0.10	%		39,420		11.901270		469,148		0.97%		2.10	%
2011		0.20	%		11,014		11.822193		130,210		0.97%		2.00	%
2011		0.25	%		112,361		11.782911		1,323,940		0.97%		1.95	%
2010		0.00	%		5,769		11.722431		67,627		1.03%		8.98	%
2010		0.10	%		12,100		11.656201		141,040		1.03%		8.87	%
2010		0.20	%		8,336		11.590313		96,617		1.03%		8.77	%
2010		0.25	%		139,601		11.557561		1,613,447		1.03%		8.71	%
2009		0.00	%		3,193		10.756180		34,344		1.38%		22.35	%
2009		0.10	%		6,164		10.706109		65,992		1.38%		22.23	%
2009		0.25	%		129,231		10.631422		1,373,909		1.38%		22.05	%
2008		0.00	%		2,673		8.791079		23,499		0.50%		-38.83	%
2008		0.10	%		27,826		8.758902		243,725		0.50%		-38.89	%
2008		0.25	%		61,843		8.710851		538,705		0.50%		-38.99	%
2008		0.40	%		11,606		8.663056		100,543		0.50%		-39.08	%
Global Allocation V.I. Fund - Class II (MLVGA2)
2012		0.00	%		680,130		14.209224		9,664,120		1.57%		10.14	%
2011		0.00	%		642,091		12.900807		8,283,492		2.42%		-3.63	%
2010		0.00	%		461,464		13.386468		6,177,373		1.39%		9.88	%
2009		0.00	%		244,329		12.182592		2,976,561		3.16%		21.83	%		5/1/2009
Calvert VP SRI Equity Portfolio (CVSSE)
2012		0.10	%		4,043		19.519575		78,918		0.09%		15.83	%
2012		0.25	%		8,723		19.219603		167,653		0.09%		15.66	%
2011		0.10	%		10,885		16.851290		183,426		0.00%		-1.44	%
2011		0.25	%		7,722		16.617281		128,319		0.00%		-1.59	%
2010		0.10	%		9,539		17.097854		163,096		0.06%		17.15	%
2010		0.25	%		5,826		16.885673		98,376		0.06%		16.97	%
2009		0.10	%		9,826		14.595276		143,413		0.57%		34.13	%
2009		0.25	%		4,347		14.435757		62,752		0.57%		33.92	%
2008		0.10	%		4,626		10.881799		50,339		0.00%		-35.86	%
2008		0.25	%		5,877		10.779017		63,348		0.00%		-35.95	%
Value Portfolio (DAVVL)
2012		0.00	%		153,730		9.377109		1,441,543		1.78%		13.08	%
2012		0.20	%		5,953		9.278932		55,237		1.78%		12.85	%
2012		0.25	%		138,899		9.254504		1,285,441		1.78%		12.80	%
2011		0.00	%		125,820		8.292464		1,043,358		0.86%		-4.17	%
2011		0.20	%		5,480		8.222110		45,057		0.86%		-4.37	%
2011		0.25	%		144,786		8.204572		1,187,907		0.86%		-4.41	%
2010		0.00	%		99,340		8.653758		859,664		1.39%		12.76	%
2010		0.20	%		560		8.597487		4,815		1.39%		12.54	%
2010		0.25	%		184,331		8.583442		1,582,194		1.39%		12.48	%
2009		0.00	%		69,243		7.674178		531,383		1.04%		31.16	%
2009		0.25	%		204,585		7.630866		1,561,161		1.04%		30.83	%
2008		0.25	%		76,781		5.832746		447,844		1.92%		-40.47	%
VIP Small Cap Value Series: Service Class (DWVSVS)
2012		0.00	%		980		10.238165		10,033		0.21%		13.63	%
2012		0.20	%		125,975		10.204105		1,285,462		0.21%		13.41	%
2012		0.25	%		264,717		10.195601		2,698,949		0.21%		13.35	%
2011		0.25	%		2,125		8.994847		19,114		0.00%		-10.05	%		5/2/2011

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
Stock Index Fund, Inc. - Initial Shares (DSIF)
2012		0.00	%		5,953,531	$	18.589099	$	110,670,777		2.05%		15.74	%
2012		0.10	%		503,752		13.561635		6,831,701		2.05%		15.62	%
2012		0.20	%		2,648,356		12.998834		34,425,540		2.05%		15.51	%
2012		0.25	%		9,566,276		12.920511		123,601,174		2.05%		15.45	%
2011		0.00	%		6,328,796		16.061424		101,649,476		1.82%		1.88	%
2011		0.10	%		616,800		11.729321		7,234,645		1.82%		1.78	%
2011		0.20	%		2,636,742		11.253834		29,673,457		1.82%		1.67	%
2011		0.25	%		10,468,947		11.191630		117,164,581		1.82%		1.62	%
2010		0.00	%		6,808,183		15.765432		107,333,946		1.82%		14.84	%
2010		0.10	%		594,473		11.524660		6,851,099		1.82%		14.72	%
2010		0.20	%		2,162,487		11.068506		23,935,500		1.82%		14.61	%
2010		0.25	%		12,044,265		11.012818		132,641,298		1.82%		14.55	%
2009		0.00	%		7,609,790		13.728464		104,470,728		2.09%		26.33	%
2009		0.10	%		697,601		10.045645		7,007,852		2.09%		26.21	%
2009		0.20	%		3,048,450		9.657668		29,440,918		2.09%		26.08	%
2009		0.25	%		12,874,664		9.613888		123,775,578		2.09%		26.02	%
2009		0.40	%		14,133		11.302075		159,732		2.09%		25.83	%
2008		0.00	%		8,607,774		10.866779		93,538,778		2.11%		-37.14	%
2008		0.10	%		798,401		7.959597		6,354,950		2.11%		-37.20	%
2008		0.20	%		3,600,239		7.659842		27,577,262		2.11%		-37.27	%
2008		0.25	%		12,257,626		7.628923		93,512,485		2.11%		-37.30	%
2008		0.40	%		2,216,931		8.982024		19,912,527		2.11%		-37.39	%
The Dreyfus Socially Responsible Growth Fund, Inc. - Initial Shares (DSRG)
2012		0.00	%		605,032		15.297331		9,255,375		0.80%		11.97	%
2012		0.10	%		33,771		11.000110		371,485		0.80%		11.86	%
2012		0.25	%		18,663		9.925081		185,232		0.80%		11.69	%
2011		0.00	%		650,578		13.661404		8,887,809		0.89%		0.90	%
2011		0.10	%		42,011		9.833598		413,119		0.89%		0.80	%
2011		0.25	%		19,031		8.885914		169,108		0.89%		0.65	%
2010		0.00	%		715,374		13.539393		9,685,730		0.89%		14.82	%
2010		0.10	%		34,941		9.755504		340,867		0.89%		14.70	%
2010		0.25	%		38,070		8.828556		336,103		0.89%		14.53	%
2009		0.00	%		819,703		11.792335		9,666,212		0.98%		33.76	%
2009		0.10	%		81,262		8.505196		691,149		0.98%		33.62	%
2009		0.25	%		37,056		7.708595		285,650		0.98%		33.42	%
2008		0.00	%		903,627		8.816356		7,966,697		0.76%		-34.42	%
2008		0.10	%		108,438		6.365134		690,222		0.76%		-34.49	%
2008		0.25	%		47,574		5.777639		274,865		0.76%		-34.59	%
Floating-Rate Income Fund (ETVFR)
2012		0.10	%		1,433,810		10.685961		15,321,638		3.38%		7.22	%
2012		0.20	%		3,643		10.668159		38,864		3.38%		7.11	%
2012		0.25	%		634		10.659243		6,758		3.38%		7.06	%
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)
2012		0.00	%		92		10.312479		949		0.00%		3.12	%	5/1/2012
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)
2012		0.00	%		230,709		9.827596		2,267,315		0.00%		-1.72	%	4/27/2012
2012		0.10	%		17,866		9.820935		175,461		0.00%		-1.79	%	4/27/2012
2012		0.20	%		22,241		9.814282		218,279		0.00%		-1.86	%	4/27/2012
2012		0.25	%		70,975		9.810958		696,333		0.00%		-1.89	%	4/27/2012
Mid Cap Growth Portfolio - Class 1 (OGGO)
2012		0.10	%		37,959		22.818900		866,183		0.00%		15.99	%
2012		0.25	%		101,455		22.469562		2,279,649		0.00%		15.82	%
2011		0.10	%		43,643		19.672645		858,573		0.00%		-6.24	%
2011		0.25	%		117,879		19.400621		2,286,926		0.00%		-6.38	%
2010		0.10	%		44,475		20.982776		933,209		0.00%		25.51	%
2010		0.25	%		145,637		20.723653		3,018,131		0.00%		25.32	%
2009		0.10	%		34,974		16.718525		584,714		0.00%		42.90	%
2009		0.25	%		142,297		16.536826		2,353,141		0.00%		42.68	%
2008		0.10	%		24,370		11.699757		285,123		0.00%		-43.84	%
2008		0.25	%		150,923		11.589969		1,749,193		0.00%		-43.93	%
2008		0.40	%		62,009		11.481181		711,937		0.00%		-44.01	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
Mid Cap Value Portfolio: Class 1 (JPMMV1)
2012		0.00	%		529	$	19.289344	$	10,204		0.28%		20.38	%
2012		0.20	%		88,720		18.958083		1,681,961		0.28%		20.14	%
2012		0.25	%		10,268		18.876134		193,820		0.28%		20.08	%
2011		0.20	%		7,723		15.780575		121,873		1.29%		1.96	%
2010		0.20	%		7,841		15.477647		121,360		1.26%		23.21	%
2009		0.10	%		5,523		12.633626		69,776		0.00%		26.57	%
2009		0.20	%		7,956		12.562325		99,946		0.00%		26.44	%
Janus Aspen Series - Balanced Portfolio - Service Shares (JABS)
2012		0.00	%		207,553		21.244764		4,409,415		2.66%		13.37	%
2012		0.10	%		70,662		21.026597		1,485,781		2.66%		13.26	%
2012		0.20	%		102,630		20.810679		2,135,800		2.66%		13.15	%
2012		0.25	%		322,380		20.703503		6,674,395		2.66%		13.09	%
2011		0.00	%		194,261		18.738519		3,640,163		2.33%		1.35	%
2011		0.10	%		104,385		18.564685		1,937,875		2.33%		1.25	%
2011		0.20	%		39,571		18.392478		727,809		2.33%		1.15	%
2011		0.25	%		249,377		18.306924		4,565,326		2.33%		1.10	%
2010		0.00	%		199,120		18.488077		3,681,346		2.48%		8.12	%
2010		0.10	%		120,166		18.334845		2,203,225		2.48%		8.01	%
2010		0.20	%		74,749		18.182894		1,359,153		2.48%		7.90	%
2010		0.25	%		315,673		18.107344		5,716,000		2.48%		7.85	%
2009		0.00	%		150,726		17.099722		2,577,373		3.12%		25.58	%
2009		0.10	%		148,713		16.974945		2,524,395		3.12%		25.46	%
2009		0.20	%		39,203		16.851105		660,614		3.12%		25.33	%
2009		0.25	%		356,531		16.789471		5,985,967		3.12%		25.27	%
2008		0.00	%		103,832		13.616425		1,413,821		2.30%		-16.06	%
2008		0.10	%		82,014		13.530581		1,109,697		2.30%		-16.14	%
2008		0.20	%		24,988		13.445294		335,971		2.30%		-16.23	%
2008		0.25	%		213,858		13.402810		2,866,298		2.30%		-16.27	%
2008		0.40	%		39,051		13.276251		518,451		2.30%		-16.39	%
Janus Aspen Series - Forty Portfolio - Service Shares (JACAS)
2012		0.00	%		1,995,286		12.857586		25,654,561		0.55%		23.86	%
2012		0.10	%		187,681		12.692401		2,382,123		0.55%		23.73	%
2012		0.20	%		326,106		12.529347		4,085,895		0.55%		23.61	%
2012		0.25	%		793,544		12.448610		9,878,520		0.55%		23.55	%
2011		0.00	%		2,188,403		10.380944		22,717,689		0.25%		-6.94	%
2011		0.10	%		278,314		10.257850		2,854,903		0.25%		-7.03	%
2011		0.20	%		483,760		10.136220		4,903,498		0.25%		-7.13	%
2011		0.25	%		1,428,699		10.075943		14,395,490		0.25%		-7.17	%
2010		0.00	%		2,484,331		11.155290		27,713,433		0.23%		6.48	%
2010		0.10	%		361,943		11.034023		3,993,687		0.23%		6.37	%
2010		0.20	%		405,847		10.914078		4,429,446		0.23%		6.27	%
2010		0.25	%		2,211,789		10.854583		24,008,047		0.23%		6.21	%
2009		0.00	%		2,848,502		10.476528		29,842,411		0.01%		46.01	%
2009		0.10	%		332,343		10.372987		3,447,390		0.01%		45.87	%
2009		0.20	%		384,661		10.270489		3,950,657		0.01%		45.72	%
2009		0.25	%		1,893,904		10.219612		19,354,964		0.01%		45.65	%
2009		0.40	%		13,489		10.068481		135,814		0.01%		45.43	%
2008		0.00	%		2,977,283		7.174977		21,361,937		0.01%		-44.31	%
2008		0.10	%		364,911		7.111160		2,594,941		0.01%		-44.36	%
2008		0.20	%		358,465		7.047942		2,526,441		0.01%		-44.42	%
2008		0.25	%		1,873,016		7.016534		13,142,080		0.01%		-44.45	%
2008		0.40	%		73,114		6.923153		506,179		0.01%		-44.53	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
Janus Aspen Series - Global Technology Portfolio - Service Shares (JAGTS)
2012		0.00	%		1,417,703	$	6.254578	$	8,867,134		0.00%		19.15	%
2012		0.10	%		243,213		6.174184		1,501,642		0.00%		19.03	%
2012		0.20	%		16,163		6.094806		98,510		0.00%		18.91	%
2012		0.25	%		236,100		6.055509		1,429,706		0.00%		18.85	%
2011		0.00	%		1,121,336		5.249382		5,886,321		0.00%		-8.66	%
2011		0.10	%		308,257		5.187105		1,598,961		0.00%		-8.75	%
2011		0.20	%		4,342		5.125546		22,255		0.00%		-8.84	%
2011		0.25	%		413,571		5.095046		2,107,163		0.00%		-8.88	%
2010		0.00	%		1,414,446		5.746904		8,128,685		0.00%		24.40	%
2010		0.10	%		331,841		5.684397		1,886,316		0.00%		24.27	%
2010		0.20	%		11,445		5.622552		64,350		0.00%		24.15	%
2010		0.25	%		413,420		5.591880		2,311,795		0.00%		24.09	%
2009		0.00	%		1,850,637		4.619855		8,549,675		0.00%		56.90	%
2009		0.10	%		337,606		4.574181		1,544,271		0.00%		56.74	%
2009		0.25	%		388,356		4.506481		1,750,119		0.00%		56.51	%
2008		0.00	%		2,144,996		2.944514		6,315,971		0.09%		-43.97	%
2008		0.10	%		319,290		2.918324		931,792		0.09%		-44.03	%
2008		0.25	%		300,519		2.879447		865,329		0.09%		-44.11	%
2008		0.40	%		110		2.841109		313		0.09%		-44.20	%
Janus Aspen Series - Overseas Portfolio - Service Shares (JAIGS)
2012		0.00	%		1,861,649		15.233105		28,358,695		0.69%		13.18	%
2012		0.10	%		185,123		15.037449		2,783,778		0.69%		13.07	%
2012		0.20	%		244,857		14.844207		3,634,708		0.69%		12.95	%
2012		0.25	%		544,333		14.748538		8,028,116		0.69%		12.90	%
2011		0.00	%		928,241		13.459012		12,493,207		0.37%		-32.34	%
2011		0.10	%		282,025		13.299473		3,750,784		0.37%		-32.40	%
2011		0.20	%		737,438		13.141734		9,691,214		0.37%		-32.47	%
2011		0.25	%		984,026		13.063595		12,854,917		0.37%		-32.51	%
2010		0.00	%		1,084,854		19.891294		21,579,150		0.53%		25.02	%
2010		0.10	%		326,192		19.675174		6,417,884		0.53%		24.89	%
2010		0.20	%		973,187		19.461274		18,939,459		0.53%		24.77	%
2010		0.25	%		990,271		19.355227		19,166,920		0.53%		24.70	%
2009		0.00	%		1,339,119		15.910990		21,306,709		0.41%		79.07	%
2009		0.10	%		374,105		15.753839		5,893,590		0.41%		78.89	%
2009		0.20	%		1,239,451		15.598133		19,333,122		0.41%		78.71	%
2009		0.25	%		951,078		15.520876		14,761,564		0.41%		78.62	%
2008		0.00	%		1,658,237		8.885289		14,733,915		1.05%		-52.23	%
2008		0.10	%		391,460		8.806322		3,447,323		1.05%		-52.28	%
2008		0.20	%		1,506,012		8.728004		13,144,479		1.05%		-52.32	%
2008		0.25	%		973,967		8.689119		8,462,915		1.05%		-52.35	%
2008		0.40	%		276,653		8.573479		2,371,879		1.05%		-52.42	%
Janus Aspen Series - Perkins Mid Cap Value Portfolio - Service Shares (JAMVS)
2012		0.00	%		7,263		11.281179		81,935		0.89%		10.79	%
2012		0.20	%		61,149		11.221257		686,169		0.89%		10.57	%
2012		0.25	%		121,309		11.206313		1,359,427		0.89%		10.51	%
2011		0.00	%		3,347		10.182308		34,080		0.73%		-2.98	%
2011		0.20	%		45,494		10.148540		461,698		0.73%		-3.18	%
2011		0.25	%		106,951		10.140120		1,084,496		0.73%		-3.22	%
2010		0.20	%		183		10.481347		1,918		0.42%		4.81	%	5/3/2010
2010		0.25	%		46,317		10.477878		485,304		0.42%		4.78	%	5/3/2010
Retirement Emerging Markets Equity Portfolio - Service Shares (LZREMS)
2012		0.00	%		100,164		11.413075		1,143,179		1.71%		22.05	%
2012		0.20	%		1,098,975		11.352455		12,476,064		1.71%		21.81	%
2012		0.25	%		782,058		11.337345		8,866,461		1.71%		21.75	%
2011		0.00	%		37,548		9.351075		351,114		2.45%		-18.00	%
2011		0.20	%		1,020,922		9.320058		9,515,052		2.45%		-18.16	%
2011		0.25	%		725,228		9.312320		6,753,555		2.45%		-18.20	%
2010		0.00	%		18,770		11.403634		214,046		2.49%		14.04	%	5/3/2010
2010		0.20	%		322,122		11.388546		3,668,501		2.49%		13.89	%	5/3/2010
2010		0.25	%		363,235		11.384777		4,135,349		2.49%		13.85	%	5/3/2010

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
Series Fund - Mid Cap Stock Fund: Class VC (LOVMCV)
2012		0.00	%		984	$	13.494607	$	13,279		0.77%		14.54	%
2012		0.10	%		28,689		13.391551		384,190		0.77%		14.43	%
2012		0.20	%		2,376		13.289281		31,575		0.77%		14.32	%
2012		0.25	%		51,148		13.238427		677,119		0.77%		14.26	%
2011		0.00	%		955		11.781054		11,251		0.18%		-4.01	%
2011		0.10	%		39,336		11.702808		460,342		0.18%		-4.11	%
2011		0.20	%		709		11.625075		8,242		0.18%		-4.20	%
2011		0.25	%		37,912		11.586400		439,264		0.18%		-4.25	%
2010		0.00	%		984		12.273411		12,077		0.37%		25.43	%
2010		0.10	%		63,727		12.204067		777,729		0.37%		25.30	%
2010		0.20	%		1,367		12.135118		16,589		0.37%		25.18	%
2010		0.25	%		41,890		12.100786		506,902		0.37%		25.12	%
2009		0.00	%		2,510		9.785090		24,561		0.52%		26.62	%
2009		0.10	%		56,829		9.739518		553,487		0.52%		26.49	%
2009		0.25	%		75,007		9.671569		725,435		0.52%		26.30	%
2008		0.10	%		43,763		7.699923		336,972		1.22%		-39.42	%
2008		0.25	%		81,281		7.657684		622,424		1.22%		-39.51	%
2008		0.40	%		9,534		7.615671		72,608		1.22%		-39.60	%
Investors Growth Stock Series - Initial Class (MIGIC)
2012		0.00	%		172,283		18.477561		3,183,370		0.46%		16.97	%
2011		0.00	%		192,257		15.796502		3,036,988		0.54%		0.58	%
2010		0.00	%		216,391		15.705759		3,398,585		0.45%		12.47	%
2009		0.00	%		237,765		13.963862		3,320,118		0.73%		39.55	%
2008		0.00	%		263,673		10.006089		2,638,336		0.61%		-36.87	%
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)
2012		0.00	%		7,796		10.335916		80,579		0.00%		3.36	%		5/1/2012
New Discovery Series - Service Class (MNDSC)
2012		0.25	%		65,112		10.300457		670,683		0.00%		3.00	%		5/1/2012
Research International Series - Service Class (MVRISC)
2012		0.00	%		11,403		9.083269		103,577		2.64%		16.41	%
2012		0.20	%		53,472		8.980840		480,223		2.64%		16.18	%
2012		0.25	%		338,782		8.955409		3,033,931		2.64%		16.12	%
2011		0.00	%		7,541		7.802718		58,840		1.62%		-11.06	%
2011		0.20	%		160		7.730217		1,237		1.62%		-11.23	%
2011		0.25	%		102,864		7.712183		793,306		1.62%		-11.28	%
2010		0.00	%		4,927		8.772736		43,223		1.35%		10.47	%
2010		0.25	%		84,252		8.692628		732,371		1.35%		10.20	%
2009		0.00	%		1,144		7.940931		9,084		1.26%		30.57	%
2009		0.25	%		82,984		7.888076		654,584		1.26%		30.24	%
2008		0.00	%		213		6.081781		1,295		0.06%		-42.52	%
2008		0.25	%		24,151		6.056428		146,269		0.06%		-42.67	%
2008		0.40	%		15,870		6.041270		95,875		0.06%		-42.75	%
Value Series - Initial Class (MVFIC)
2012		0.00	%		394,370		21.189802		8,356,622		1.70%		16.26	%
2011		0.00	%		407,456		18.226114		7,426,340		1.45%		-0.30	%
2010		0.00	%		441,004		18.281385		8,062,164		1.47%		11.53	%
2009		0.00	%		438,770		16.390924		7,191,846		1.29%		22.71	%
2008		0.00	%		406,164		13.356934		5,425,106		1.20%		-32.58	%
Value Series - Service Class (MVFSC)
2012		0.00	%		195,561		10.386254		2,031,146		1.48%		15.88	%
2012		0.20	%		284,062		10.277471		2,919,439		1.48%		15.65	%
2012		0.25	%		1,605,332		10.250498		16,455,452		1.48%		15.59	%
2011		0.00	%		125,373		8.962764		1,123,689		1.19%		-0.47	%
2011		0.20	%		263,888		8.886694		2,345,092		1.19%		-0.66	%
2011		0.25	%		1,640,910		8.867804		14,551,268		1.19%		-0.71	%
2010		0.00	%		78,860		9.004753		710,115		1.25%		11.22	%
2010		0.20	%		10,967		8.946185		98,113		1.25%		10.99	%
2010		0.25	%		677,810		8.931612		6,053,936		1.25%		10.94	%
2009		0.00	%		46,902		8.096650		379,749		1.17%		22.45	%
2009		0.25	%		420,507		8.050967		3,385,488		1.17%		22.15	%
2008		0.00	%		37,486		6.612135		247,862		1.35%		-32.74	%
2008		0.25	%		270,891		6.591290		1,785,521		1.35%		-32.91	%
2008		0.40	%		988		6.578814		6,500		1.35%		-33.01	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Variable Insurance Trust II - MFS International Value Portfolio - Service Class (MVIVSC)
2012		0.00	%		63,448	$	16.326534	$	1,035,886		1.59	%		15.93	%
2012		0.20	%		1,224,573		16.207264		19,846,978		1.59	%		15.70	%
2012		0.25	%		1,240,764		16.177603		20,072,587		1.59	%		15.64	%
2011		0.00	%		50,951		14.082958		717,541		1.09	%		-1.78	%
2011		0.20	%		714,526		14.008123		10,009,168		1.09	%		-1.97	%
2011		0.25	%		994,671		13.989490		13,914,940		1.09	%		-2.02	%
2010		0.00	%		3,508		14.337712		50,297		1.41	%		8.78	%
2010		0.20	%		520,695		14.290030		7,440,747		1.41	%		8.56	%
2010		0.25	%		916,953		14.278137		13,092,381		1.41	%		8.51	%
2009		0.25	%		230,861		13.158607		3,037,809		0.00	%		31.59	%		5/1/2009
Core Plus Fixed Income Portfolio - Class I (MSVFI)
2012		0.00	%		159,977		14.850467		2,375,733		4.54	%		9.44	%
2011		0.00	%		186,591		13.569488		2,531,944		3.79	%		5.65	%
2010		0.00	%		190,070		12.844145		2,441,287		6.09	%		7.14	%
2009		0.00	%		208,669		11.987667		2,501,454		8.83	%		9.64	%
2008		0.00	%		264,578		10.933218		2,892,689		4.73	%		-10.20	%
Emerging Markets Debt Portfolio - Class I (MSEM)
2012		0.00	%		160,559		35.502855		5,700,303		2.86	%		17.96	%
2012		0.10	%		635,996		45.743742		29,092,837		2.86	%		17.84	%
2012		0.20	%		113,419		34.689455		3,934,443		2.86	%		17.72	%
2012		0.25	%		67,120		34.480526		2,314,333		2.86	%		17.67	%
2011		0.00	%		176,124		30.097113		5,300,824		3.60	%		7.03	%
2011		0.10	%		644,916		38.817591		25,034,086		3.60	%		6.93	%
2011		0.20	%		102,810		29.466572		3,029,458		3.60	%		6.82	%
2011		0.25	%		56,831		29.303784		1,665,363		3.60	%		6.77	%
2010		0.00	%		212,950		28.119543		5,988,057		3.00	%		9.74	%
2010		0.10	%		644,413		36.303218		23,394,266		3.00	%		9.63	%
2010		0.20	%		81,138		27.585403		2,238,224		3.00	%		9.53	%
2010		0.25	%		60,832		27.446686		1,669,637		3.00	%		9.47	%
2009		0.00	%		190,919		25.622719		4,891,864		7.90	%		30.21	%
2009		0.10	%		23,721		33.112830		785,469		7.90	%		30.08	%
2009		0.20	%		68,982		25.186305		1,737,402		7.90	%		29.95	%
2009		0.25	%		82,946		25.072181		2,079,637		7.90	%		29.88	%
2008		0.00	%		235,478		19.678201		4,633,783		7.06	%		-14.98	%
2008		0.10	%		32,806		25.456014		835,110		7.06	%		-15.06	%
2008		0.20	%		94,088		19.381729		1,823,588		7.06	%		-15.15	%
2008		0.25	%		83,661		19.303549		1,614,954		7.06	%		-15.19	%
2008		0.40	%		69,947		17.858916		1,249,178		7.06	%		-15.32	%
Global Real Estate Portfolio - Class II (VKVGR2)
2012		0.00	%		24,795		9.898065		245,423		0.54	%		29.94	%
2012		0.20	%		36,580		9.794401		358,279		0.54	%		29.68	%
2012		0.25	%		180,879		9.768654		1,766,944		0.54	%		29.62	%
2011		0.00	%		26,783		7.617163		204,010		3.29	%		-10.15	%
2011		0.20	%		17,677		7.552508		133,506		3.29	%		-10.33	%
2011		0.25	%		100,281		7.536433		755,761		3.29	%		-10.38	%
2010		0.00	%		17,979		8.477927		152,425		8.26	%		22.32	%
2010		0.20	%		9,827		8.422781		82,771		8.26	%		22.07	%
2010		0.25	%		120,544		8.409049		1,013,660		8.26	%		22.01	%
2009		0.00	%		10,415		6.931156		72,188		0.02	%		41.42	%
2009		0.25	%		98,075		6.892024		675,935		0.02	%		41.06	%
2008		0.00	%		9,686		4.901259		47,474		4.11	%		-44.34	%
2008		0.25	%		85,328		4.885787		416,894		4.11	%		-44.48	%
2008		0.40	%		4,297		4.876534		20,954		4.11	%		-44.57	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio - Class I (MSVMG)
2012		0.00	%		23,806	$	12.877689	$	306,566		0.00	%		8.69	%
2012		0.10	%		48,845		12.715499		621,089		0.00	%		8.58	%
2012		0.20	%		192,237		12.555398		2,413,612		0.00	%		8.47	%
2012		0.25	%		635,504		12.476126		7,928,628		0.00	%		8.42	%
2011		0.00	%		25,089		11.847974		297,254		0.33	%		-7.12	%
2011		0.10	%		63,621		11.710491		745,033		0.33	%		-7.21	%
2011		0.20	%		309,678		11.574643		3,584,412		0.33	%		-7.31	%
2011		0.25	%		580,598		11.507335		6,681,136		0.33	%		-7.35	%
2010		0.00	%		4,677		12.756351		59,661		0.00	%		32.31	%
2010		0.10	%		64,134		12.620906		809,429		0.00	%		32.18	%
2010		0.20	%		61,988		12.486960		774,042		0.00	%		32.05	%
2010		0.25	%		787,070		12.420541		9,775,835		0.00	%		31.98	%
2009		0.00	%		2,129		9.640943		20,526		0.00	%		57.66	%
2009		0.10	%		76,530		9.548100		730,716		0.00	%		57.50	%
2009		0.20	%		87,692		9.456210		829,234		0.00	%		57.34	%
2009		0.25	%		839,125		9.410608		7,896,676		0.00	%		57.27	%
2008		0.00	%		240,987		6.115056		1,473,649		0.80	%		-46.77	%
2008		0.10	%		79,376		6.062222		481,195		0.80	%		-46.82	%
2008		0.20	%		24,533		6.009877		147,440		0.80	%		-46.87	%
2008		0.25	%		816,330		5.983894		4,884,832		0.80	%		-46.90	%
2008		0.40	%		22,314		5.906531		131,798		0.80	%		-46.98	%
Universal Institutional Funds, Inc. - Growth Portfolio - Class I (MSVEG)
2012		0.00	%		1,068		11.548298		12,334		0.00	%		14.38	%
2012		0.20	%		8,437		11.427394		96,413		0.00	%		14.15	%
2012		0.25	%		125,623		11.397332		1,431,767		0.00	%		14.09	%
2011		0.00	%		4,822		10.096697		48,686		0.04	%		-2.80	%
2011		0.20	%		3,377		10.011033		33,807		0.04	%		-2.99	%
2011		0.25	%		66,787		9.989709		667,183		0.04	%		-3.04	%
2010		0.00	%		2,539		10.387395		26,374		0.16	%		22.86	%
2010		0.20	%		2,940		10.319840		30,340		0.16	%		22.62	%
2010		0.25	%		8,071		10.302995		83,155		0.16	%		22.55	%
2009		0.25	%		45,095		8.406886		379,109		0.00	%		65.14	%
2008		0.25	%		39,408		5.090726		200,615		0.00	%		-49.31	%
U.S. Real Estate Portfolio - Class I (MSVRE)
2012		0.10	%		83,283		44.585930		3,713,250		0.84	%		15.72	%
2012		0.20	%		167,696		36.021570		6,040,673		0.84	%		15.60	%
2012		0.25	%		409,531		35.804517		14,663,060		0.84	%		15.55	%
2011		0.10	%		101,526		38.529319		3,911,728		0.88	%		5.81	%
2011		0.20	%		189,017		31.159562		5,889,687		0.88	%		5.71	%
2011		0.25	%		472,847		30.987316		14,652,259		0.88	%		5.66	%
2010		0.10	%		100,621		36.412421		3,663,854		2.31	%		29.83	%
2010		0.20	%		182,394		29.476966		5,376,422		2.31	%		29.70	%
2010		0.25	%		555,658		29.328633		16,296,690		2.31	%		29.64	%
2009		0.10	%		111,151		28.046079		3,117,350		4.14	%		28.23	%
2009		0.20	%		142,875		22.726829		3,247,096		4.14	%		28.10	%
2009		0.25	%		640,708		22.623746		14,495,215		4.14	%		28.03	%
2009		0.40	%		585		23.083528		13,504		4.14	%		27.84	%
2008		0.00	%		1,007,215		18.602467		18,736,684		3.40	%		-37.89	%
2008		0.10	%		141,708		21.872227		3,099,470		3.40	%		-37.96	%
2008		0.20	%		136,212		17.741677		2,416,629		3.40	%		-38.02	%
2008		0.25	%		648,045		17.670052		11,450,989		3.40	%		-38.05	%
2008		0.40	%		60,957		18.056248		1,100,655		3.40	%		-38.14	%
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)
2012		0.00	%		1,980,422		16.452105		32,582,111		0.98	%		14.66	%
2011		0.00	%		2,222,487		14.348277		31,888,859		1.60	%		0.65	%
2010		0.00	%		2,641,103		14.256071		37,651,752		1.97	%		13.46	%
2009		0.00	%		2,210		12.564442		27,767		1.25	%		25.64	%		5/1/2009
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)
2012		0.00	%		477,179		12.704984		6,062,552		1.36	%		15.72	%
2011		0.00	%		433,074		10.979437		4,754,909		1.37	%		0.93	%
2010		0.00	%		483,491		10.878393		5,259,605		1.49	%		12.02	%
2009		0.00	%		405,011		9.711378		3,933,215		0.08	%		23.41	%
2008		0.00	%		395,090		7.868935		3,108,938		2.59	%		-29.78	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
American Funds NVIT Bond Fund - Class II (GVABD2)
2012		0.00	%		158,000	$	12.903197	$	2,038,705		2.20	%		4.97	%
2011		0.00	%		174,797		12.292646		2,148,718		2.35	%		5.72	%
2010		0.00	%		229,234		11.627184		2,665,346		2.06	%		5.99	%
2009		0.00	%		248,317		10.970085		2,724,059		0.32	%		12.15	%
2008		0.00	%		253,508		9.781713		2,479,742		5.43	%		-9.87	%
American Funds NVIT Global Growth Fund - Class II (GVAGG2)
2012		0.00	%		374,929		13.277399		4,978,082		0.87	%		22.09	%
2011		0.00	%		426,331		10.875437		4,636,536		1.00	%		-9.31	%
2010		0.00	%		473,561		11.991721		5,678,811		0.81	%		11.30	%
2009		0.00	%		536,732		10.774250		5,782,885		0.00	%		41.60	%
2008		0.00	%		518,855		7.608765		3,947,846		2.78	%		-38.64	%
American Funds NVIT Growth Fund - Class II (GVAGR2)
2012		0.00	%		656,818		11.875465		7,800,019		0.21	%		17.40	%
2011		0.00	%		786,500		10.115272		7,955,661		0.26	%		-4.69	%
2010		0.00	%		773,203		10.612804		8,205,852		0.17	%		18.19	%
2009		0.00	%		789,242		8.979238		7,086,792		0.00	%		38.78	%
2008		0.00	%		801,346		6.470039		5,184,740		2.15	%		-44.21	%
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)
2012		0.00	%		247,986		10.169772		2,521,961		1.05	%		17.06	%
2011		0.00	%		279,694		8.687464		2,429,832		0.99	%		-2.24	%
2010		0.00	%		293,429		8.886120		2,607,445		0.96	%		10.97	%
2009		0.00	%		290,258		8.007342		2,324,195		0.00	%		30.69	%
2008		0.00	%		232,982		6.126963		1,427,472		2.61	%		-38.06	%
Federated NVIT High Income Bond Fund - Class I (HIBF)
2012		0.00	%		164,273		23.960670		3,936,091		8.24	%		14.56	%
2012		0.10	%		100,719		21.561437		2,171,646		8.24	%		14.44	%
2012		0.20	%		51,215		24.059374		1,232,201		8.24	%		14.33	%
2012		0.25	%		574,902		23.914452		13,748,466		8.24	%		14.27	%
2011		0.00	%		192,805		20.916000		4,032,709		8.22	%		3.82	%
2011		0.10	%		94,398		18.840517		1,778,507		8.22	%		3.71	%
2011		0.20	%		31,722		21.044304		667,567		8.22	%		3.61	%
2011		0.25	%		618,849		20.928041		12,951,297		8.22	%		3.56	%
2010		0.00	%		217,797		20.146924		4,387,940		8.65	%		13.15	%
2010		0.10	%		96,568		18.165863		1,754,241		8.65	%		13.04	%
2010		0.20	%		97,797		20.310994		1,986,354		8.65	%		12.93	%
2010		0.25	%		722,680		20.208859		14,604,538		8.65	%		12.87	%
2009		0.00	%		248,681		17.804842		4,427,726		9.89	%		46.00	%
2009		0.10	%		62,774		16.070122		1,008,786		9.89	%		45.85	%
2009		0.20	%		79,750		17.985742		1,434,363		9.89	%		45.71	%
2009		0.25	%		790,244		17.904242		14,148,720		9.89	%		45.63	%
2009		0.40	%		9,813		16.184733		158,821		9.89	%		45.41	%
2008		0.00	%		312,224		12.195368		3,807,687		9.24	%		-27.99	%
2008		0.10	%		56,513		11.018160		622,669		9.24	%		-28.06	%
2008		0.20	%		70,677		12.343884		872,429		9.24	%		-28.13	%
2008		0.25	%		629,259		12.294086		7,736,164		9.24	%		-28.17	%
2008		0.40	%		197,959		11.130031		2,203,290		9.24	%		-28.28	%
Federated NVIT High Income Bond Fund - Class III (HIBF3)
2012		0.00	%		644,890		17.021800		10,977,189		8.23	%		14.71	%
2011		0.00	%		746,693		14.839228		11,080,348		7.79	%		3.81	%
2010		0.00	%		838,621		14.295077		11,988,152		8.54	%		13.16	%
2009		0.00	%		949,161		12.632602		11,990,373		10.36	%		46.08	%
2008		0.00	%		707,956		8.647843		6,122,292		8.18	%		-28.10	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
NVIT Emerging Markets Fund - Class I (GEM)
2012		0.00	%		72,637	$	26.899413	$	1,953,893		0.50	%		17.22	%
2012		0.10	%		100,722		26.571947		2,676,380		0.50	%		17.10	%
2012		0.20	%		47,858		26.248380		1,256,195		0.50	%		16.98	%
2012		0.25	%		221,809		26.088139		5,786,584		0.50	%		16.92	%
2011		0.00	%		86,175		22.948246		1,977,565		0.51	%		-22.37	%
2011		0.10	%		135,864		22.691603		3,082,972		0.51	%		-22.45	%
2011		0.20	%		37,968		22.437772		851,917		0.51	%		-22.53	%
2011		0.25	%		208,036		22.311980		4,641,695		0.51	%		-22.57	%
2010		0.00	%		108,618		29.562687		3,211,040		0.06	%		16.17	%
2010		0.10	%		142,172		29.261305		4,160,138		0.06	%		16.06	%
2010		0.20	%		338,600		28.962911		9,806,842		0.06	%		15.94	%
2010		0.25	%		366,617		28.814934		10,564,045		0.06	%		15.88	%
2009		0.00	%		129,828		25.446836		3,303,712		1.36	%		63.31	%
2009		0.10	%		153,669		25.212581		3,874,392		1.36	%		63.15	%
2009		0.20	%		362,310		24.980405		9,050,651		1.36	%		62.99	%
2009		0.25	%		493,823		24.865174		12,278,995		1.36	%		62.91	%
2009		0.40	%		100		24.522567		2,452		1.36	%		62.66	%
2008		0.00	%		149,822		15.581599		2,334,466		1.16	%		-57.76	%
2008		0.10	%		140,572		15.453591		2,172,342		1.16	%		-57.80	%
2008		0.20	%		249,942		15.326599		3,830,761		1.16	%		-57.85	%
2008		0.25	%		421,621		15.263531		6,435,425		1.16	%		-57.87	%
2008		0.40	%		247,183		15.075807		3,726,483		1.16	%		-57.93	%
NVIT Emerging Markets Fund - Class III (GEM3)
2012		0.00	%		488,948		19.336082		9,454,339		0.40	%		17.24	%
2011		0.00	%		746,323		16.493303		12,309,331		0.71	%		-22.39	%
2010		0.00	%		794,544		21.252025		16,885,669		0.07	%		16.21	%
2009		0.00	%		818,029		18.287102		14,959,380		1.28	%		63.48	%
2008		0.00	%		811,502		11.185864		9,077,351		1.15	%		-57.83	%
NVIT International Equity Fund - Class I (GIG)
2012		0.00	%		399,009		14.122631		5,635,057		0.87	%		15.61	%
2012		0.10	%		105,286		13.950678		1,468,811		0.87	%		15.49	%
2012		0.20	%		23,573		13.780870		324,856		0.87	%		15.38	%
2012		0.25	%		230,188		13.696713		3,152,819		0.87	%		15.32	%
2011		0.00	%		402,975		12.216006		4,922,745		1.35	%		-9.76	%
2011		0.10	%		146,364		12.079365		1,767,984		1.35	%		-9.85	%
2011		0.20	%		21,256		11.944297		253,888		1.35	%		-9.94	%
2011		0.25	%		211,674		11.877298		2,514,115		1.35	%		-9.99	%
2010		0.00	%		263,475		13.537857		3,566,887		0.95	%		13.29	%
2010		0.10	%		80,397		13.399813		1,077,305		0.95	%		13.18	%
2010		0.20	%		5,187		13.263217		68,796		0.95	%		13.06	%
2010		0.25	%		68,531		13.195400		904,294		0.95	%		13.01	%
2009		0.00	%		275,076		11.949736		3,287,086		1.09	%		29.72	%
2009		0.10	%		87,077		11.839714		1,030,967		1.09	%		29.59	%
2009		0.25	%		98,498		11.676578		1,150,120		1.09	%		29.40	%
2008		0.00	%		457,734		9.211762		4,216,537		1.36	%		-46.06	%
2008		0.10	%		91,345		9.136079		834,535		1.36	%		-46.11	%
2008		0.25	%		107,083		9.023725		966,288		1.36	%		-46.19	%
2008		0.40	%		722		8.912712		6,435		1.36	%		-46.27	%
NVIT International Equity Fund - Class III (GIG3)
2012		0.00	%		425,415		8.450909		3,595,143		0.79	%		15.58	%
2011		0.00	%		519,645		7.311920		3,799,603		1.34	%		-9.76	%
2010		0.00	%		484,564		8.103077		3,926,459		1.02	%		13.27	%
2009		0.00	%		516,240		7.153834		3,693,095		0.22	%		29.67	%
2008		0.00	%		24,803		5.516874		136,835		1.55	%		-44.83	%	5/1/2008
Variable Insurance Trust: NVIT International Equity Fund - Class VI (NVIE6)
2012		0.00	%		29,454		8.355696		246,109		0.52	%		15.23	%
2011		0.00	%		48,864		7.251572		354,341		0.92	%		-10.00	%
2010		0.00	%		79,753		8.057227		642,588		0.98	%		13.00	%
2009		0.00	%		70,672		7.130177		503,904		0.24	%		29.45	%
2008		0.00	%		6,719		5.508000		37,008		1.45	%		-44.92	%	5/1/2008
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)
2012		0.00	%		1,373,296		9.471654		13,007,385		1.47	%		16.94	%
2011		0.00	%		1,522,830		8.099461		12,334,102		0.57	%		-11.62	%
2010		0.00	%		1,705,119		9.164158		15,625,980		0.21	%		15.61	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
2009		0.00	%		1,906,534		7.927018		15,113,129		0.18	%		52.96	%
2008		0.00	%		180		5.182412		933		0.00	%		-48.18	%	5/1/2008

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)
2012		0.00	%		26,852	$	10.841924	$	291,127		0.88	%		11.50	%
2011		0.00	%		59,405		9.723793		577,642		0.72	%		-3.18	%
2010		0.00	%		25,390		10.043115		254,995		0.89	%		23.58	%
2009		0.00	%		21,943		8.126831		178,327		0.37	%		31.53	%
2008		0.00	%		5,037		6.178465		31,121		0.45	%		-38.22	%	5/1/2008
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)
2012		0.00	%		213,197		10.402170		2,217,711		1.16	%		16.22	%
2012		0.20	%		76		16.113951		1,225		1.16	%		15.99	%
2012		0.25	%		104		16.084433		1,673		1.16	%		15.93	%
2011		0.00	%		181,560		8.950086		1,624,978		2.09	%		-6.19	%
2011		0.20	%		10		13.892348		139		2.09	%		-6.37	%
2011		0.25	%		202		13.873846		2,803		2.09	%		-6.42	%
2010		0.00	%		85,305		9.540229		813,829		0.40	%		15.00	%
2010		0.20	%		3		14.837971		45		0.40	%		14.77	%
2010		0.25	%		438		14.825611		6,494		0.40	%		14.71	%
2009		0.00	%		42,686		8.295819		354,115		1.03	%		29.30	%
2009		0.25	%		132		12.924011		1,706		1.03	%		29.24	%	5/1/2009
2008		0.00	%		43,904		6.416027		281,689		2.01	%		-35.84	%	5/1/2008
NVIT Cardinal Balanced Fund - Class I (NVCRB1)
2012		0.00	%		345,977		11.638522		4,026,661		1.58	%		11.24	%
2012		0.10	%		9,918,231		14.260689		141,440,808		1.58	%		11.13	%
2011		0.00	%		273,343		10.462826		2,859,940		2.55	%		-1.26	%
2011		0.10	%		10,039,458		12.832969		128,836,053		2.55	%		-1.36	%
2010		0.00	%		171,673		10.596561		1,819,143		0.04	%		10.46	%
2010		0.10	%		10,172,685		13.009970		132,346,327		0.04	%		10.35	%
2010		0.20	%		7		12.988326		91		0.04	%		10.24	%
2010		0.25	%		50		12.977497		649		0.04	%		10.18	%
2009		0.00	%		90,417		9.593104		867,380		2.22	%		19.88	%
2009		0.25	%		6		11.777952		71		2.22	%		17.78	%	5/1/2009
2008		0.00	%		65,101		8.002099		520,945		2.15	%		-19.98	%	5/1/2008
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)
2012		0.00	%		417,509		11.154725		4,657,198		1.55	%		13.74	%
2011		0.00	%		353,307		9.807509		3,465,062		2.31	%		-3.37	%
2011		0.20	%		7		13.310277		93		2.31	%		-3.56	%
2011		0.25	%		8		13.292549		106		2.31	%		-3.61	%
2010		0.00	%		366,215		10.149086		3,716,748		0.64	%		12.46	%
2010		0.20	%		2		13.801379		28		0.64	%		12.23	%
2010		0.25	%		14		13.789878		193		0.64	%		12.17	%
2009		0.00	%		172,546		9.025006		1,557,229		1.99	%		24.25	%
2008		0.00	%		71,014		7.263571		515,815		1.50	%		-27.36	%	5/1/2008
NVIT Cardinal Conservative Fund - Class I (NVCCN1)
2012		0.00	%		375,872		12.078891		4,540,117		2.04	%		7.58	%
2012		0.20	%		317		12.796286		4,056		2.04	%		7.36	%
2012		0.25	%		99		12.772842		1,265		2.04	%		7.31	%
2011		0.00	%		244,720		11.227964		2,747,707		2.65	%		1.50	%
2011		0.20	%		223		11.918680		2,658		2.65	%		1.30	%
2010		0.00	%		132,942		11.062310		1,470,646		1.26	%		6.87	%
2010		0.20	%		107		11.766279		1,259		1.26	%		6.65	%
2010		0.25	%		10		11.756479		118		1.26	%		6.60	%
2009		0.00	%		89,148		10.351566		922,821		2.79	%		13.22	%
2008		0.00	%		32,838		9.142885		300,234		1.40	%		-8.57	%	5/1/2008
NVIT Cardinal Moderate Fund - Class I (NVCMD1)
2012		0.00	%		489,603		11.397169		5,580,088		1.47	%		12.45	%
2011		0.00	%		534,729		10.135390		5,419,687		2.45	%		-2.25	%
2011		0.25	%		8		13.034508		104		2.45	%		-2.49	%
2010		0.00	%		346,937		10.368348		3,597,164		0.93	%		11.42	%
2009		0.00	%		241,583		9.305236		2,247,987		2.29	%		22.00	%
2008		0.00	%		83,184		7.626933		634,439		2.04	%		-23.73	%	5/1/2008

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)
2012		0.00	%		475,205	$	10.851463	$	5,156,669		1.27%		14.67	%
2012		0.20	%		29		15.518526		450		1.27%		14.44	%
2012		0.25	%		32		15.490103		496		1.27%		14.38	%
2011		0.00	%		513,993		9.463303		4,864,071		2.42%		-4.57	%
2011		0.20	%		31		13.560483		420		2.42%		-4.76	%
2011		0.25	%		35		13.542423		474		2.42%		-4.81	%
2010		0.00	%		486,915		9.916957		4,828,715		0.73%		13.50	%
2010		0.20	%		8		14.238938		114		0.73%		13.27	%
2010		0.25	%		224		14.227081		3,187		0.73%		13.21	%
2009		0.00	%		345,676		8.737590		3,020,375		1.60%		26.69	%
2009		0.25	%		11		12.566486		138		1.60%		25.66	%		5/1/2009
2008		0.00	%		223,705		6.896919		1,542,875		1.52%		-31.03	%		5/1/2008
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)
2012		0.00	%		151,616		11.828808		1,793,437		1.97%		10.13	%
2012		0.20	%		2,766		13.754085		38,044		1.97%		9.91	%
2012		0.25	%		13,974		13.728890		191,848		1.97%		9.86	%
2011		0.00	%		114,210		10.740467		1,226,669		2.52%		-0.28	%
2011		0.20	%		665		12.513661		8,322		2.52%		-0.48	%
2010		0.00	%		102,837		10.770841		1,107,641		1.12%		9.31	%
2010		0.20	%		424		12.574113		5,331		1.12%		9.10	%
2010		0.25	%		38		12.563636		477		1.12%		9.04	%
2009		0.00	%		66,327		9.853071		653,525		2.50%		17.64	%
2008		0.00	%		33,824		8.375935		283,308		2.14%		-16.24	%		5/1/2008
NVIT Core Bond Fund - Class I (NVCBD1)
2012		0.00	%		72,492		13.303193		964,375		3.01%		7.75	%
2011		0.00	%		80,629		12.345910		995,438		3.32%		6.59	%
2010		0.00	%		59,061		11.582155		684,054		2.81%		7.06	%
2009		0.00	%		56,157		10.818752		607,549		2.99%		8.78	%
2008		0.00	%		21,176		9.945181		210,599		4.53%		-0.55	%		5/1/2008
NVIT Core Plus Bond Fund - Class I (NVLCP1)
2012		0.00	%		88,003		14.357681		1,263,519		3.10%		7.38	%
2011		0.00	%		35,901		13.370773		480,024		2.56%		6.37	%
2010		0.00	%		18,485		12.569892		232,354		2.49%		8.35	%
2009		0.00	%		21,838		11.600708		253,336		4.05%		16.62	%
2008		0.00	%		13,545		9.947099		134,733		3.73%		-0.53	%		5/1/2008
NVIT Nationwide Fund - Class I (TRF)
2012		0.00	%		1,864,535		15.982186		29,799,345		1.42%		14.21	%
2012		0.10	%		3,747,612		13.091593		49,062,211		1.42%		14.10	%
2012		0.20	%		2,665		12.699413		33,844		1.42%		13.99	%
2012		0.25	%		15,896		12.622880		200,653		1.42%		13.93	%
2011		0.00	%		2,024,151		13.993147		28,324,242		1.15%		0.53	%
2011		0.10	%		4,619,387		11.473793		53,001,890		1.15%		0.43	%
2011		0.20	%		3,750		11.141231		41,780		1.15%		0.33	%
2011		0.25	%		19,700		11.079648		218,269		1.15%		0.28	%
2010		0.00	%		2,208,854		13.919537		30,746,225		0.79%		13.45	%
2010		0.10	%		4,747,522		11.424837		54,239,665		0.79%		13.34	%
2010		0.20	%		58,071		11.104765		644,865		0.79%		13.22	%
2010		0.25	%		30,679		11.048893		338,969		0.79%		13.17	%
2009		0.00	%		2,358,784		12.269388		28,940,836		1.35%		26.10	%
2009		0.10	%		27,862,777		10.080498		280,870,668		1.35%		25.97	%
2009		0.20	%		72,093		9.807872		707,079		1.35%		25.84	%
2009		0.25	%		42,014		9.763407		410,200		1.35%		25.78	%
2008		0.00	%		2,528,801		9.730137		24,605,580		1.41%		-41.55	%
2008		0.10	%		28,106,065		8.002258		224,911,983		1.41%		-41.61	%
2008		0.20	%		56,085		7.793622		437,105		1.41%		-41.67	%
2008		0.25	%		46,732		7.762178		362,742		1.41%		-41.70	%
2008		0.40	%		798		8.031680		6,409		1.41%		-41.79	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
NVIT Government Bond Fund - Class I (GBF)
2012		0.00	%		1,674,246	$	21.983438	$	36,805,683		2.29	%		3.06	%
2012		0.10	%		909,849		20.181071		18,361,727		2.29	%		2.95	%
2012		0.20	%		1,212,740		18.268614		22,155,079		2.29	%		2.85	%
2012		0.25	%		3,051,816		18.158617		55,416,758		2.29	%		2.80	%
2011		0.00	%		1,713,711		21.331346		36,555,762		2.95	%		7.25	%
2011		0.10	%		177,033		19.602079		3,470,215		2.95	%		7.15	%
2011		0.20	%		1,225,833		17.762299		21,773,612		2.95	%		7.04	%
2011		0.25	%		3,176,064		17.664198		56,102,623		2.95	%		6.99	%
2010		0.00	%		1,970,073		19.888530		39,181,856		2.91	%		4.78	%
2010		0.10	%		179,088		18.294455		3,276,317		2.91	%		4.68	%
2010		0.20	%		1,247,423		16.593936		20,699,657		2.91	%		4.57	%
2010		0.25	%		3,252,714		16.510521		53,704,003		2.91	%		4.52	%
2009		0.00	%		2,155,474		18.980932		40,912,905		3.40	%		2.69	%
2009		0.10	%		172,188		17.477068		3,009,341		3.40	%		2.59	%
2009		0.20	%		1,080,876		15.868375		17,151,746		3.40	%		2.48	%
2009		0.25	%		3,410,676		15.796520		53,876,812		3.40	%		2.43	%
2009		0.40	%		15,678		17.785926		278,848		3.40	%		2.28	%
2008		0.00	%		2,666,781		18.484063		49,292,948		4.28	%		7.72	%
2008		0.10	%		149,239		17.036588		2,542,523		4.28	%		7.61	%
2008		0.20	%		1,179,027		15.483913		18,255,951		4.28	%		7.50	%
2008		0.25	%		3,301,654		15.421502		50,916,464		4.28	%		7.45	%
2008		0.40	%		485,177		17.389732		8,437,098		4.28	%		7.29	%
American Century NVIT Growth Fund - Class I (CAF)
2012		0.00	%		1,163,480		10.933376		12,720,764		0.56	%		14.02	%
2012		0.10	%		107,268		8.218140		881,543		0.56	%		13.91	%
2012		0.20	%		27,007		10.477780		282,973		0.56	%		13.79	%
2012		0.25	%		7,147		10.414612		74,433		0.56	%		13.74	%
2011		0.00	%		1,203,204		9.588872		11,537,369		0.58	%		-0.69	%
2011		0.10	%		127,078		7.214766		916,838		0.58	%		-0.79	%
2011		0.20	%		25,516		9.207740		234,945		0.58	%		-0.89	%
2011		0.25	%		5,000		9.156818		45,784		0.58	%		-0.94	%
2010		0.00	%		1,313,922		9.655570		12,686,666		0.62	%		19.25	%
2010		0.10	%		114,797		7.272204		834,827		0.62	%		19.13	%
2010		0.20	%		21,579		9.290303		200,475		0.62	%		19.01	%
2010		0.25	%		5,239		9.243540		48,427		0.62	%		18.95	%
2009		0.00	%		1,493,205		8.097149		12,090,703		0.55	%		33.47	%
2009		0.10	%		389,073		6.104552		2,375,116		0.55	%		33.34	%
2009		0.20	%		83,427		7.806410		651,265		0.55	%		33.20	%
2009		0.25	%		5,496		7.771001		42,709		0.55	%		33.14	%
2008		0.00	%		1,603,390		6.066573		9,727,082		0.28	%		-38.71	%
2008		0.10	%		208,878		4.578246		956,295		0.28	%		-38.77	%
2008		0.20	%		99,363		5.860450		582,312		0.28	%		-38.83	%
2008		0.25	%		8,138		5.836782		47,500		0.28	%		-38.86	%
NVIT International Index Fund - Class II (GVIX2)
2012		0.00	%		194,912		8.229456		1,604,020		2.39	%		18.29	%
2012		0.20	%		32,518		8.136631		264,587		2.39	%		18.05	%
2012		0.25	%		714,474		8.113620		5,796,971		2.39	%		17.99	%
2011		0.00	%		130,671		6.957271		909,114		2.62	%		-12.72	%
2011		0.20	%		8,251		6.892598		56,871		2.62	%		-12.89	%
2011		0.25	%		907,509		6.876547		6,240,528		2.62	%		-12.94	%
2010		0.00	%		52,697		7.971131		420,055		2.29	%		7.52	%
2010		0.20	%		7,211		7.912838		57,059		2.29	%		7.30	%
2010		0.25	%		772,390		7.898348		6,100,605		2.29	%		7.25	%
2009		0.00	%		30,419		7.413670		225,516		2.43	%		28.58	%
2009		0.25	%		468,130		7.364341		3,447,469		2.43	%		28.26	%
2008		0.00	%		592		5.765640		3,413		1.66	%		-43.11	%
2008		0.25	%		37,630		5.741605		216,057		1.66	%		-43.25	%
2008		0.40	%		76,167		5.727230		436,226		1.66	%		-43.34	%
NVIT International Index Fund - Class VI (GVIX6)
2012		0.00	%		101,703		9.764428		993,072		2.68	%		18.29	%
2011		0.00	%		94,205		8.254444		777,610		2.74	%		-12.72	%
2010		0.00	%		71,480		9.456969		675,984		2.11	%		7.54	%
2009		0.00	%		65,290		8.793694		574,140		2.61	%		28.62	%
2008		0.00	%		71,845		6.837123		491,213		2.06	%		-43.11	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
2012		0.00	%		970,552	$	17.169227	$	16,663,628		1.41	%		15.90	%
2012		0.10	%		128,197		16.982548		2,177,112		1.41	%		15.79	%
2012		0.20	%		90,669		16.797930		1,523,052		1.41	%		15.67	%
2012		0.25	%		92,309		16.706332		1,542,145		1.41	%		15.61	%
2011		0.00	%		1,230,015		14.813448		18,220,763		1.80	%		-3.93	%
2011		0.10	%		162,340		14.667084		2,381,054		1.80	%		-4.03	%
2011		0.20	%		83,626		14.522177		1,214,432		1.80	%		-4.12	%
2011		0.25	%		137,252		14.450227		1,983,323		1.80	%		-4.17	%
2010		0.00	%		1,251,096		15.419576		19,291,370		1.71	%		14.63	%
2010		0.10	%		160,260		15.282480		2,449,170		1.71	%		14.51	%
2010		0.20	%		121,836		15.146603		1,845,402		1.71	%		14.40	%
2010		0.25	%		289,316		15.079089		4,362,622		1.71	%		14.34	%
2009		0.00	%		1,378,139		13.451838		18,538,503		1.09	%		27.21	%
2009		0.10	%		141,202		13.345564		1,884,420		1.09	%		27.08	%
2009		0.20	%		196,053		13.240124		2,595,766		1.09	%		26.95	%
2009		0.25	%		342,826		13.187693		4,521,084		1.09	%		26.89	%
2009		0.40	%		897		13.031705		11,689		1.09	%		26.70	%
2008		0.00	%		1,362,477		10.574854		14,407,995		2.07	%		-36.84	%
2008		0.10	%		206,669		10.501810		2,170,399		2.07	%		-36.91	%
2008		0.20	%		190,819		10.429261		1,990,101		2.07	%		-36.97	%
2008		0.25	%		234,097		10.393146		2,433,004		2.07	%		-37.00	%
2008		0.40	%		82,666		10.285643		850,273		2.07	%		-37.10	%
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)
2012		0.00	%		101,106		14.106085		1,426,210		2.24	%		9.39	%
2011		0.00	%		12,871		12.895684		165,980		2.25	%		0.88	%
2010		0.00	%		7,276		12.782641		93,006		1.26	%		9.81	%
2009		0.00	%		1,883		11.640280		21,919		0.87	%		16.40	%		5/1/2009
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)
2012		0.00	%		23,052		15.203946		350,481		1.85	%		12.25	%
2011		0.00	%		20,856		13.544740		282,489		2.08	%		-0.94	%
2010		0.00	%		9,246		13.672666		126,417		0.96	%		12.03	%
2009		0.00	%		10,225		12.204484		124,791		0.71	%		22.04	%		5/1/2009
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
2012		0.00	%		535,106		15.415374		8,248,859		1.71	%		5.18	%
2012		0.10	%		8,967		15.247831		136,727		1.71	%		5.07	%
2012		0.20	%		69,257		15.082043		1,044,537		1.71	%		4.97	%
2012		0.25	%		142,595		14.999901		2,138,911		1.71	%		4.91	%
2011		0.00	%		589,915		14.656785		8,646,257		2.50	%		2.93	%
2011		0.10	%		22,883		14.512020		332,079		2.50	%		2.83	%
2011		0.20	%		56,571		14.368627		812,848		2.50	%		2.73	%
2011		0.25	%		143,852		14.297532		2,056,729		2.50	%		2.67	%
2010		0.00	%		634,498		14.239553		9,034,968		2.23	%		5.89	%
2010		0.10	%		25,085		14.112974		354,024		2.23	%		5.79	%
2010		0.20	%		135,026		13.987465		1,888,671		2.23	%		5.68	%
2010		0.25	%		173,444		13.925202		2,415,243		2.23	%		5.63	%
2009		0.00	%		787,357		13.447193		10,587,742		1.73	%		9.08	%
2009		0.10	%		35,939		13.340983		479,462		1.73	%		8.98	%
2009		0.20	%		103,310		13.235577		1,367,367		1.73	%		8.87	%
2009		0.25	%		189,396		13.183237		2,496,852		1.73	%		8.81	%
2009		0.40	%		658		13.027295		8,572		1.73	%		8.65	%
2008		0.00	%		746,175		12.327359		9,198,367		3.88	%		-6.02	%
2008		0.10	%		36,290		12.242222		444,270		3.88	%		-6.12	%
2008		0.20	%		72,139		12.157648		877,041		3.88	%		-6.21	%
2008		0.25	%		508,679		12.115615		6,162,959		3.88	%		-6.26	%
2008		0.40	%		713,252		11.990270		8,552,084		3.88	%		-6.40	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
2012		0.00	%		3,467,574	$	16.746328	$	58,069,132		1.61	%		10.81	%
2012		0.10	%		164,770		16.564270		2,729,295		1.61	%		10.70	%
2012		0.20	%		250,897		16.384181		4,110,742		1.61	%		10.59	%
2012		0.25	%		287,419		16.294844		4,683,448		1.61	%		10.53	%
2011		0.00	%		3,959,245		15.112388		59,833,118		2.12	%		-0.04	%
2011		0.10	%		218,054		14.963083		3,262,760		2.12	%		-0.14	%
2011		0.20	%		302,677		14.815234		4,484,231		2.12	%		-0.24	%
2011		0.25	%		390,082		14.741846		5,750,529		2.12	%		-0.29	%
2010		0.00	%		4,345,889		15.118520		65,703,410		1.99	%		10.91	%
2010		0.10	%		189,430		14.984107		2,838,439		1.99	%		10.80	%
2010		0.20	%		382,830		14.850857		5,685,354		1.99	%		10.69	%
2010		0.25	%		805,184		14.784666		11,904,377		1.99	%		10.64	%
2009		0.00	%		4,458,884		13.630962		60,778,878		1.56	%		19.14	%
2009		0.10	%		144,450		13.523280		1,953,438		1.56	%		19.02	%
2009		0.20	%		480,252		13.416419		6,443,262		1.56	%		18.90	%
2009		0.25	%		863,030		13.363298		11,532,927		1.56	%		18.84	%
2009		0.40	%		2,599		13.205276		34,321		1.56	%		18.66	%
2008		0.00	%		3,933,503		11.441586		45,005,513		2.82	%		-23.20	%
2008		0.10	%		117,688		11.362546		1,337,235		2.82	%		-23.27	%
2008		0.20	%		205,224		11.284040		2,315,756		2.82	%		-23.35	%
2008		0.25	%		551,789		11.244982		6,204,857		2.82	%		-23.39	%
2008		0.40	%		189,624		11.128694		2,110,267		2.82	%		-23.50	%
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
2012		0.00	%		3,872,046		17.214305		66,654,581		1.63	%		13.76	%
2012		0.10	%		197,613		17.027115		3,364,779		1.63	%		13.65	%
2012		0.20	%		24,724		16.841984		416,401		1.63	%		13.53	%
2012		0.25	%		170,507		16.750188		2,856,024		1.63	%		13.48	%
2011		0.00	%		4,147,741		15.132127		62,764,144		2.03	%		-2.13	%
2011		0.10	%		250,895		14.982582		3,759,055		2.03	%		-2.22	%
2011		0.20	%		34,628		14.834535		513,690		2.03	%		-2.32	%
2011		0.25	%		217,442		14.761085		3,209,680		2.03	%		-2.37	%
2010		0.00	%		4,382,022		15.460895		67,749,982		1.89	%		12.83	%
2010		0.10	%		291,696		15.323384		4,469,770		1.89	%		12.72	%
2010		0.20	%		67,465		15.187117		1,024,599		1.89	%		12.61	%
2010		0.25	%		400,034		15.119471		6,048,302		1.89	%		12.55	%
2009		0.00	%		4,600,411		13.702388		63,036,616		1.31	%		24.39	%
2009		0.10	%		218,272		13.594088		2,967,209		1.31	%		24.27	%
2009		0.20	%		44,938		13.486671		606,064		1.31	%		24.14	%
2009		0.25	%		474,675		13.433301		6,376,452		1.31	%		24.08	%
2009		0.40	%		20		13.274448		265		1.31	%		23.90	%
2008		0.00	%		4,832,634		11.015454		53,233,658		2.49	%		-31.39	%
2008		0.10	%		157,940		10.939329		1,727,758		2.49	%		-31.46	%
2008		0.20	%		45,387		10.863747		493,073		2.49	%		-31.53	%
2008		0.25	%		434,590		10.826159		4,704,940		2.49	%		-31.56	%
2008		0.40	%		41,029		10.714194		439,593		2.49	%		-31.66	%
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
2012		0.00	%		886,098		16.407771		14,538,893		1.75	%		8.04	%
2012		0.10	%		51,990		16.229405		843,767		1.75	%		7.93	%
2012		0.20	%		13,819		16.052978		221,836		1.75	%		7.82	%
2012		0.25	%		89,875		15.965491		1,434,899		1.75	%		7.77	%
2011		0.00	%		908,615		15.186765		13,798,922		2.30	%		2.06	%
2011		0.10	%		67,795		15.036737		1,019,416		2.30	%		1.96	%
2011		0.20	%		9,866		14.888185		146,887		2.30	%		1.86	%
2011		0.25	%		78,319		14.814478		1,160,255		2.30	%		1.81	%
2010		0.00	%		953,397		14.879939		14,186,489		2.16	%		8.52	%
2010		0.10	%		81,279		14.747641		1,198,674		2.16	%		8.41	%
2010		0.20	%		30,996		14.616529		453,054		2.16	%		8.30	%
2010		0.25	%		172,671		14.551412		2,512,607		2.16	%		8.25	%
2009		0.00	%		1,042,745		13.712188		14,298,315		1.77	%		14.56	%
2009		0.10	%		67,425		13.603867		917,241		1.77	%		14.45	%
2009		0.20	%		44,906		13.496401		606,069		1.77	%		14.33	%
2009		0.25	%		191,581		13.443003		2,575,424		1.77	%		14.28	%
2009		0.40	%		28		13.284003		372		1.77	%		14.10	%
2008		0.00	%		1,167,584		11.969310		13,975,175		2.74	%		-15.04	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
2008		0.10	%		70,328		11.886643		835,964		2.74	%		-15.13	%
2008		0.20	%		21,399		11.804545		252,605		2.74	%		-15.21	%
2008		0.25	%		168,630		11.763719		1,983,716		2.74	%		-15.26	%
2008		0.40	%		9,327		11.642029		108,585		2.74	%		-15.38	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
NVIT Mid Cap Index Fund - Class I (MCIF)
2012		0.00	%		775,366	$	33.448036	$	25,934,470		1.07	%		17.47	%
2012		0.10	%		82,892		30.234257		2,506,178		1.07	%		17.36	%
2012		0.20	%		268,030		22.707360		6,086,254		1.07	%		17.24	%
2012		0.25	%		1,015,466		22.570532		22,919,608		1.07	%		17.18	%
2011		0.00	%		937,419		28.472984		26,691,116		0.78	%		-2.54	%
2011		0.10	%		110,919		25.763036		2,857,610		0.78	%		-2.64	%
2011		0.20	%		249,840		19.368666		4,839,068		0.78	%		-2.74	%
2011		0.25	%		1,084,345		19.261601		20,886,221		0.78	%		-2.79	%
2010		0.00	%		972,303		29.216232		28,407,030		1.25	%		26.20	%
2010		0.10	%		134,857		26.461933		3,568,577		1.25	%		26.07	%
2010		0.20	%		201,344		19.913978		4,009,560		1.25	%		25.95	%
2010		0.25	%		1,101,218		19.813788		21,819,300		1.25	%		25.89	%
2009		0.00	%		1,091,787		23.150606		25,275,531		0.98	%		36.76	%
2009		0.10	%		194,480		20.989089		4,081,958		0.98	%		36.62	%
2009		0.20	%		174,671		15.811153		2,761,750		0.98	%		36.48	%
2009		0.25	%		1,162,757		15.739465		18,301,173		0.98	%		36.41	%
2009		0.40	%		3,484		19.635632		68,411		0.98	%		36.21	%
2008		0.00	%		1,183,654		16.928443		20,037,419		1.25	%		-36.46	%
2008		0.10	%		204,375		15.363236		3,139,861		1.25	%		-36.53	%
2008		0.20	%		243,882		11.584754		2,825,313		1.25	%		-36.59	%
2008		0.25	%		970,816		11.537999		11,201,274		1.25	%		-36.62	%
2008		0.40	%		234,488		14.415737		3,380,317		1.25	%		-36.72	%
NVIT Money Market Fund - Class I (SAM)
2012		0.00	%		5,544,294		14.293235		79,245,902		0.00	%		0.00	%
2012		0.20	%		1,247		11.983454		14,943		0.00	%		-0.20	%
2012		0.25	%		563,036		11.911174		6,706,420		0.00	%		-0.25	%
2011		0.00	%		5,903,369		14.293235		84,378,240		0.00	%		0.00	%
2011		0.20	%		1,299		12.007617		15,598		0.00	%		-0.20	%
2011		0.25	%		574,205		11.941153		6,856,670		0.00	%		-0.25	%
2010		0.00	%		6,150,810		14.293225		87,914,911		0.00	%		0.00	%
2010		0.20	%		1,348		12.031632		16,219		0.00	%		-0.20	%
2010		0.25	%		588,365		11.970993		7,043,313		0.00	%		-0.25	%
2009		0.00	%		7,271,586		14.293206		103,934,277		0.05	%		0.04	%
2009		0.20	%		3,780		12.055725		45,571		0.05	%		-0.16	%
2009		0.25	%		625,656		12.000968		7,508,478		0.05	%		-0.21	%
2008		0.00	%		8,735,601		14.287212		124,807,383		2.03	%		2.05	%
2008		0.20	%		4,546		12.074817		54,892		2.03	%		1.85	%
2008		0.25	%		747,274		12.025998		8,986,716		2.03	%		1.80	%
NVIT Money Market Fund - Class V (SAM5)
2012		0.00	%		1,186,217		11.731137		13,915,674		0.00	%		0.00	%
2012		0.10	%		657,353		11.612007		7,633,188		0.00	%		-0.10	%
2012		0.20	%		8,815,071		11.494165		101,321,881		0.00	%		-0.20	%
2012		0.25	%		7,802,771		11.435565		89,229,095		0.00	%		-0.25	%
2011		0.00	%		756,286		11.731137		8,872,095		0.00	%		0.00	%
2011		0.10	%		629,615		11.623696		7,318,453		0.00	%		-0.10	%
2011		0.20	%		8,407,521		11.517285		96,831,816		0.00	%		-0.20	%
2011		0.25	%		9,471,462		11.464248		108,583,189		0.00	%		-0.25	%
2010		0.00	%		528,187		11.731129		6,196,230		0.00	%		0.00	%
2010		0.10	%		1,869,173		11.635333		21,748,450		0.00	%		-0.10	%
2010		0.20	%		8,254,159		11.540261		95,255,149		0.00	%		-0.20	%
2010		0.25	%		10,842,157		11.492942		124,608,282		0.00	%		-0.25	%
2009		0.00	%		454,540		11.731114		5,332,261		0.06	%		0.06	%
2009		0.10	%		6,087,351		11.646971		70,899,201		0.06	%		-0.04	%
2009		0.20	%		7,395,065		11.563359		85,511,791		0.06	%		-0.14	%
2009		0.25	%		11,828,679		11.521736		136,286,917		0.06	%		-0.19	%
2009		0.40	%		16,932		11.397666		192,985		0.06	%		-0.34	%
2008		0.00	%		208,319		11.724390		2,442,413		2.10	%		2.14	%
2008		0.10	%		6,427,722		11.651947		74,895,476		2.10	%		2.04	%
2008		0.20	%		7,319,234		11.579888		84,755,910		2.10	%		1.94	%
2008		0.25	%		15,618,922		11.543990		180,304,679		2.10	%		1.89	%
2008		0.40	%		2,643,652		11.436879		30,235,128		2.10	%		1.73	%
NVIT Multi-Manager International Growth Fund - Class III (NVMIG3)
2012		0.00	%		1,574,138		10.026765		15,783,512		0.59	%		15.78	%
2011		0.00	%		1,756,758		8.660251		15,213,965		1.29	%		-9.37	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
2010		0.00	%		1,926,194		9.555175		18,405,121		0.78	%		14.04	%
2009		0.00	%		2,144,940		8.379106		17,972,680		0.81	%		36.46	%
2008		0.00	%		1,107		6.140389		6,797		0.06	%		-38.60	%	5/1/2008

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)
2012		0.00	%		39,531	$	17.262313	$	682,396		0.39%		17.29	%
2011		0.00	%		43,242		14.717057		636,395		1.75%		-16.24	%
2010		0.00	%		50,861		17.570720		893,664		2.15%		6.19	%
2009		0.00	%		65,225		16.546611		1,079,253		2.12%		29.86	%
2008		0.00	%		77,496		12.742294		987,477		1.73%		-46.31	%
NVIT Multi-Manager International Value Fund - Class III (GVDIV3)
2012		0.00	%		465,460		10.521355		4,897,270		0.39%		17.24	%
2011		0.00	%		503,863		8.974574		4,521,956		1.89%		-16.11	%
2010		0.00	%		512,098		10.698362		5,478,610		2.30%		6.11	%
2009		0.00	%		556,645		10.082162		5,612,185		2.13%		29.84	%
2008		0.00	%		635,373		7.765128		4,933,753		1.74%		-46.33	%
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)
2012		0.00	%		864,055		10.778503		9,313,219		0.46%		16.35	%
2012		0.10	%		45,035		10.728340		483,151		0.46%		16.24	%
2012		0.20	%		5,198		10.678331		55,506		0.46%		16.12	%
2012		0.25	%		68,955		10.653460		734,609		0.46%		16.06	%
2011		0.00	%		993,419		9.263525		9,202,562		0.01%		-2.91	%
2011		0.10	%		47,450		9.229646		437,947		0.01%		-3.00	%
2011		0.20	%		35,052		9.195838		322,333		0.01%		-3.10	%
2011		0.25	%		139,543		9.179010		1,280,867		0.01%		-3.15	%
2010		0.00	%		1,140,603		9.540808		10,882,274		0.06%		15.51	%
2010		0.10	%		50,494		9.515403		480,471		0.06%		15.39	%
2010		0.20	%		17,386		9.490013		164,993		0.06%		15.28	%
2010		0.25	%		118,763		9.477375		1,125,561		0.06%		15.22	%
2009		0.00	%		285,919		8.259762		2,361,623		0.86%		29.78	%
2008		0.00	%		2,417		6.364575		15,383		0.26%		-36.35	%	5/1/2008
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)
2012		0.00	%		578,776		10.172659		5,887,691		1.34%		17.81	%
2012		0.10	%		27,689		11.635430		322,173		1.34%		17.69	%
2012		0.20	%		3,822		11.604387		44,352		1.34%		17.57	%
2012		0.25	%		39,721		11.588884		460,322		1.34%		17.52	%
2011		0.00	%		652,862		8.634796		5,637,330		1.10%		-5.83	%
2011		0.10	%		29,021		9.886324		286,911		1.10%		-5.92	%
2011		0.20	%		4,675		9.869840		46,142		1.10%		-6.02	%
2011		0.25	%		48,213		9.861595		475,457		1.10%		-6.06	%
2010		0.00	%		694,617		9.169345		6,369,183		0.70%		13.05	%
2010		0.10	%		31,135		10.508835		327,193		0.70%		5.09	%	4/30/2010
2010		0.20	%		3,506		10.501786		36,819		0.70%		5.02	%	4/30/2010
2010		0.25	%		58,810		10.498264		617,403		0.70%		4.98	%	4/30/2010
2009		0.00	%		457,649		8.111157		3,712,063		1.39%		27.59	%
2008		0.00	%		37,776		6.357067		240,145		0.95%		-36.43	%	5/1/2008
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)
2012		0.00	%		2,541,741		11.140525		28,316,329		0.00%		14.90	%
2012		0.10	%		6,819		11.088680		75,614		0.00%		14.79	%
2012		0.20	%		3,499		11.037007		38,618		0.00%		14.67	%
2012		0.25	%		1,906		11.011282		20,988		0.00%		14.62	%
2011		0.00	%		3,047,277		9.695515		29,544,910		0.00%		-4.23	%
2011		0.10	%		7,012		9.660066		67,736		0.00%		-4.32	%
2011		0.20	%		623		9.624698		5,996		0.00%		-4.42	%
2011		0.25	%		5,101		9.607082		49,006		0.00%		-4.47	%
2010		0.00	%		3,476,447		10.123676		35,194,423		0.00%		26.82	%
2010		0.10	%		7,478		10.096737		75,503		0.00%		26.69	%
2010		0.25	%		5,764		10.056395		57,965		0.00%		26.50	%
2009		0.00	%		3,889,090		7.982859		31,046,057		0.00%		27.12	%
2009		0.10	%		91,898		7.969566		732,387		0.00%		26.99	%
2009		0.25	%		2,074		7.949631		16,488		0.00%		26.80	%
2008		0.00	%		478		6.279727		3,002		0.00%		-37.20	%	5/1/2008
NVIT Multi-Manager Mid Cap Value Fund - Class I (NVMMV1)
2012		0.00	%		678		12.104426		8,207		1.34%		16.65	%
2012		0.20	%		350		11.991912		4,197		1.34%		16.42	%
2012		0.25	%		4,531		11.963973		54,209		1.34%		16.36	%
2011		0.00	%		1,079		10.376788		11,197		1.08%		-2.09	%
2011		0.25	%		5,310		10.282114		54,598		1.08%		-2.33	%
2010		0.25	%		6,739		10.527298		70,943		1.08%		19.37	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
2008		0.25	%		358		6.761352		2,421		0.46%		-32.39	%	5/1/2008

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)
2012		0.00	%		861,247	$	11.987208	$	10,323,947		1.13	%		16.35	%
2011		0.00	%		946,834		10.303092		9,755,318		0.79	%		-2.32	%
2010		0.00	%		1,131,006		10.547920		11,929,761		1.33	%		19.63	%
2009		0.00	%		1,303,777		8.817001		11,495,403		1.19	%		30.47	%
2008		0.00	%		815		6.757903		5,508		1.51	%		-32.42	%	5/1/2008
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)
2012		0.00	%		496,782		18.403264		9,142,410		0.00	%		13.44	%
2012		0.10	%		49,739		18.153519		902,938		0.00	%		13.32	%
2012		0.20	%		55,773		17.907035		998,729		0.00	%		13.21	%
2012		0.25	%		77,450		17.785105		1,377,456		0.00	%		13.15	%
2011		0.00	%		563,925		16.223239		9,148,690		0.00	%		-0.65	%
2011		0.10	%		61,780		16.019131		989,662		0.00	%		-0.75	%
2011		0.20	%		47,600		15.817461		752,911		0.00	%		-0.85	%
2011		0.25	%		85,864		15.717643		1,349,580		0.00	%		-0.90	%
2010		0.00	%		583,188		16.329069		9,522,917		0.00	%		25.45	%
2010		0.10	%		46,291		16.139729		747,124		0.00	%		25.32	%
2010		0.20	%		27,210		15.952454		434,066		0.00	%		25.20	%
2010		0.25	%		175,315		15.859701		2,780,443		0.00	%		25.13	%
2009		0.00	%		627,172		13.016693		8,163,705		0.00	%		27.46	%
2009		0.10	%		70,402		12.878613		906,680		0.00	%		27.33	%
2009		0.20	%		22,417		12.741894		285,635		0.00	%		27.21	%
2009		0.25	%		183,789		12.674135		2,329,367		0.00	%		27.14	%
2009		0.40	%		8		12.472919		100		0.00	%		26.95	%
2008		0.00	%		659,708		10.212287		6,737,127		0.00	%		-46.42	%
2008		0.10	%		72,753		10.114063		735,828		0.00	%		-46.47	%
2008		0.20	%		18,977		10.016703		190,087		0.00	%		-46.53	%
2008		0.25	%		271,535		9.968426		2,706,777		0.00	%		-46.55	%
2008		0.40	%		6,093		9.824891		59,863		0.00	%		-46.63	%
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)
2012		0.00	%		772,200		33.054014		25,524,310		0.83	%		20.44	%
2012		0.10	%		36,881		35.317708		1,302,552		0.83	%		20.32	%
2012		0.20	%		73,102		25.177325		1,840,513		0.83	%		20.20	%
2012		0.25	%		165,813		25.025649		4,149,578		0.83	%		20.14	%
2011		0.00	%		880,940		27.443292		24,175,894		0.43	%		-5.07	%
2011		0.10	%		56,153		29.352122		1,648,210		0.43	%		-5.16	%
2011		0.20	%		90,826		20.945547		1,902,400		0.43	%		-5.26	%
2011		0.25	%		192,080		20.829802		4,000,988		0.43	%		-5.31	%
2010		0.00	%		994,468		28.908970		28,749,046		0.59	%		26.60	%
2010		0.10	%		61,312		30.950627		1,897,645		0.59	%		26.48	%
2010		0.20	%		102,771		22.108296		2,272,092		0.59	%		26.35	%
2010		0.25	%		333,494		21.997105		7,335,903		0.59	%		26.29	%
2009		0.00	%		1,113,781		22.834198		25,432,296		0.57	%		26.22	%
2009		0.10	%		99,716		24.471259		2,440,176		0.57	%		26.09	%
2009		0.20	%		125,186		17.497487		2,190,440		0.57	%		25.96	%
2009		0.25	%		362,635		17.418185		6,316,444		0.57	%		25.90	%
2009		0.40	%		4,138		19.342658		80,040		0.57	%		25.71	%
2008		0.00	%		1,246,918		18.091428		22,558,527		1.07	%		-32.15	%
2008		0.10	%		107,445		19.407862		2,085,278		1.07	%		-32.22	%
2008		0.20	%		117,819		13.890932		1,636,616		1.07	%		-32.29	%
2008		0.25	%		482,118		13.834895		6,670,052		1.07	%		-32.32	%
2008		0.40	%		12,830		15.386534		197,409		1.07	%		-32.42	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
NVIT Multi-Manager Small Company Fund - Class I (SCF)
2012		0.00	%		861,431	$	29.998380	$	25,841,534		0.15	%		15.50	%
2012		0.10	%		39,733		30.159433		1,198,325		0.15	%		15.39	%
2012		0.20	%		139,263		20.170847		2,809,053		0.15	%		15.27	%
2012		0.25	%		739,156		20.049299		14,819,560		0.15	%		15.21	%
2011		0.00	%		990,245		25.972077		25,718,719		0.53	%		-5.56	%
2011		0.10	%		62,029		26.137692		1,621,295		0.53	%		-5.65	%
2011		0.20	%		163,780		17.498608		2,865,922		0.53	%		-5.75	%
2011		0.25	%		838,331		17.401887		14,588,541		0.53	%		-5.79	%
2010		0.00	%		1,145,604		27.500722		31,504,937		0.27	%		25.32	%
2010		0.10	%		82,358		27.703734		2,281,624		0.27	%		25.19	%
2010		0.20	%		354,127		18.565556		6,574,565		0.27	%		25.07	%
2010		0.25	%		1,292,376		18.472172		23,872,992		0.27	%		25.01	%
2009		0.00	%		1,279,276		21.944622		28,073,228		0.27	%		34.70	%
2009		0.10	%		181,456		22.128719		4,015,389		0.27	%		34.57	%
2009		0.20	%		858,139		14.844285		12,738,460		0.27	%		34.43	%
2009		0.25	%		1,510,254		14.777001		22,317,025		0.27	%		34.37	%
2009		0.40	%		6,288		18.829123		118,398		0.27	%		34.16	%
2008		0.00	%		1,461,719		16.291230		23,813,200		0.83	%		-38.19	%
2008		0.10	%		200,454		16.444339		3,296,334		0.83	%		-38.25	%
2008		0.20	%		968,556		11.042145		10,694,936		0.83	%		-38.31	%
2008		0.25	%		1,443,694		10.997602		15,877,172		0.83	%		-38.34	%
2008		0.40	%		138,143		14.034369		1,938,750		0.83	%		-38.44	%
NVIT Multi-Sector Bond Fund - Class I (MSBF)
2012		0.00	%		502,846		22.186564		11,156,425		2.47	%		12.25	%
2012		0.10	%		43,545		21.372809		930,679		2.47	%		12.14	%
2012		0.20	%		22,681		20.343390		461,408		2.47	%		12.02	%
2012		0.25	%		50,355		20.220894		1,018,223		2.47	%		11.97	%
2011		0.00	%		570,373		19.765394		11,273,647		4.21	%		5.55	%
2011		0.10	%		102,896		19.059523		1,961,149		4.21	%		5.44	%
2011		0.20	%		19,541		18.159702		354,859		4.21	%		5.34	%
2011		0.25	%		36,977		18.059416		667,783		4.21	%		5.28	%
2010		0.00	%		628,182		18.726591		11,763,707		6.64	%		10.59	%
2010		0.10	%		65,852		18.075827		1,190,329		6.64	%		10.48	%
2010		0.20	%		18,613		17.239635		320,881		6.64	%		10.37	%
2010		0.25	%		358,111		17.152974		6,142,669		6.64	%		10.31	%
2009		0.00	%		620,658		16.933793		10,510,094		9.43	%		24.38	%
2009		0.10	%		65,180		16.361665		1,066,453		9.43	%		24.25	%
2009		0.20	%		18,311		15.620376		286,025		9.43	%		24.13	%
2009		0.25	%		89,391		15.549631		1,389,997		9.43	%		24.07	%
2008		0.00	%		603,494		13.614701		8,216,390		6.15	%		-17.29	%
2008		0.10	%		55,384		13.167860		729,289		6.15	%		-17.37	%
2008		0.20	%		27,508		12.583839		346,156		6.15	%		-17.46	%
2008		0.25	%		141,197		12.533105		1,769,637		6.15	%		-17.50	%
2008		0.40	%		2,396		12.738274		30,521		6.15	%		-17.62	%
NVIT Short Term Bond Fund - Class I (NVSTB1)
2012		0.00	%		850		11.587099		9,849		2.62	%		3.83	%
2012		0.10	%		2,046,482		11.533202		23,602,490		2.62	%		3.72	%
2012		0.20	%		15,166		11.479462		174,098		2.62	%		3.62	%
2012		0.25	%		462,893		11.452722		5,301,385		2.62	%		3.57	%
2011		0.00	%		746		11.160218		8,326		1.81	%		1.45	%
2011		0.20	%		9,972		11.078737		110,477		1.81	%		1.24	%
2011		0.25	%		479,653		11.058467		5,304,227		1.81	%		1.19	%
2010		0.00	%		1,405		11.001081		15,457		1.63	%		2.68	%
2010		0.20	%		7,406		10.942569		81,041		1.63	%		2.48	%
2010		0.25	%		499,595		10.927993		5,459,571		1.63	%		2.43	%
2009		0.25	%		52,762		10.669125		562,924		2.15	%		7.12	%
NVIT Short Term Bond Fund - Class II (NVSTB2)
2012		0.00	%		201,309		11.438838		2,302,741		1.30	%		3.52	%
2011		0.00	%		218,639		11.049485		2,415,848		1.50	%		1.30	%
2010		0.00	%		365,359		10.907906		3,985,302		1.37	%		2.42	%
2009		0.00	%		270,272		10.650192		2,878,449		2.32	%		7.11	%
2008		0.00	%		96,918		9.943310		963,686		3.46	%		-0.57	%	5/1/2008

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
NVIT Large Cap Growth Fund - Class I (NVOLG1)
2012		0.00	%		6,636,497	$	16.487341	$	109,418,189		0.70	%		18.68	%
2011		0.00	%		7,462,793		13.891692		103,670,822		0.67	%		-2.23	%
2010		0.00	%		8,648,974		14.209081		122,893,972		0.06	%		8.80	%
2009		0.00	%		32,412		13.059893		423,297		0.24	%		30.60	%	5/1/2009
Templeton NVIT International Value Fund - Class III (NVTIV3)
2012		0.00	%		35,997		14.513999		522,460		2.54	%		19.56	%
2011		0.00	%		35,418		12.139096		429,943		3.30	%		-12.43	%
2010		0.00	%		11,957		13.861453		165,741		2.33	%		6.35	%
2009		0.00	%		8,463		13.034354		110,310		0.64	%		30.34	%	5/1/2009
Van Kampen NVIT Comstock Value Fund - Class I (EIF)
2012		0.00	%		495,063		15.874436		7,858,846		1.18	%		18.46	%
2012		0.10	%		39,021		13.225670		516,079		1.18	%		18.35	%
2012		0.25	%		143		12.932205		1,849		1.18	%		18.17	%
2011		0.00	%		610,041		13.400181		8,174,660		1.31	%		-2.32	%
2011		0.10	%		61,552		11.175452		687,871		1.31	%		-2.42	%
2011		0.25	%		156		10.943926		1,707		1.31	%		-2.57	%
2010		0.00	%		667,292		13.719138		9,154,671		1.53	%		15.77	%
2010		0.10	%		61,360		11.452871		702,748		1.53	%		15.66	%
2010		0.25	%		157		11.232402		1,763		1.53	%		15.48	%
2009		0.00	%		702,809		11.850163		8,328,401		1.12	%		28.55	%
2009		0.10	%		56,839		9.902521		562,849		1.12	%		28.42	%
2009		0.25	%		161		9.726461		1,566		1.12	%		28.23	%
2008		0.00	%		790,298		9.218422		7,285,300		2.00	%		-36.99	%
2008		0.10	%		66,339		7.711029		511,542		2.00	%		-37.05	%
2008		0.25	%		30,065		7.585299		228,052		2.00	%		-37.15	%
NVIT Real Estate Fund - Class I (NVRE1)
2012		0.00	%		2,229,784		11.860098		26,445,457		1.03	%		15.79	%
2012		0.20	%		23,596		23.623351		557,417		1.03	%		15.55	%
2012		0.25	%		202,477		23.580128		4,774,434		1.03	%		15.50	%
2011		0.00	%		2,496,219		10.243095		25,569,008		0.89	%		6.50	%
2011		0.20	%		10,686		20.443475		218,459		0.89	%		6.29	%
2011		0.25	%		208,462		20.416293		4,256,021		0.89	%		6.23	%
2010		0.00	%		2,741,940		9.617905		26,371,718		1.94	%		30.18	%
2010		0.20	%		99		19.234046		1,904		1.94	%		29.92	%
2010		0.25	%		99,872		19.218051		1,919,345		1.94	%		29.86	%
2009		0.00	%		3,102,055		7.388147		22,918,438		2.16	%		30.84	%
2009		0.25	%		7,340		14.799525		108,629		2.16	%		48.00	%	5/1/2009
2008		0.00	%		19,987		5.646840		112,863		4.37	%		-43.53	%	5/1/2008
VPS Growth and Income Portfolio - Class A (ALVGIA)
2012		0.00	%		162,645		19.410515		3,157,023		1.56	%		17.52	%
2012		0.10	%		72,424		19.211121		1,391,346		1.56	%		17.41	%
2012		0.20	%		5,771		19.013781		109,729		1.56	%		17.29	%
2012		0.25	%		225,551		18.915871		4,266,494		1.56	%		17.23	%
2011		0.00	%		170,800		16.516082		2,820,947		1.24	%		6.32	%
2011		0.10	%		76,305		16.362810		1,248,564		1.24	%		6.21	%
2011		0.20	%		3,854		16.210964		62,477		1.24	%		6.10	%
2011		0.25	%		199,320		16.135567		3,216,141		1.24	%		6.05	%
2010		0.00	%		200,244		15.534777		3,110,746		0.00	%		13.09	%
2010		0.10	%		70,827		15.405969		1,091,159		0.00	%		12.98	%
2010		0.20	%		8,723		15.278240		133,272		0.00	%		12.87	%
2010		0.25	%		451,505		15.214771		6,869,545		0.00	%		12.81	%
2009		0.00	%		220,764		13.736397		3,032,502		4.18	%		20.82	%
2009		0.10	%		62,989		13.636111		858,925		4.18	%		20.70	%
2009		0.25	%		501,456		13.487083		6,763,179		4.18	%		20.52	%
2009		0.40	%		3,565		13.339666		47,556		4.18	%		20.34	%
2008		0.00	%		227,556		11.368917		2,587,065		2.03	%		-40.60	%
2008		0.10	%		84,717		11.297207		957,065		2.03	%		-40.66	%
2008		0.25	%		548,481		11.190516		6,137,785		2.03	%		-40.75	%
2008		0.40	%		31,102		11.084829		344,760		2.03	%		-40.84	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
VPS International Value Portfolio - Class A (ALVIVA)
2012		0.00	%		304,664	$	7.321422	$	2,230,574		1.40	%		14.53	%
2012		0.20	%		168,677		7.224352		1,218,582		1.40	%		14.30	%
2012		0.25	%		662,753		7.200265		4,771,997		1.40	%		14.25	%
2011		0.00	%		267,669		6.392469		1,711,066		3.98	%		-19.25	%
2011		0.20	%		344,180		6.320359		2,175,341		3.98	%		-19.41	%
2011		0.25	%		1,118,669		6.302451		7,050,357		3.98	%		-19.45	%
2010		0.00	%		200,883		7.916459		1,590,282		2.85	%		4.59	%
2010		0.20	%		257,323		7.842837		2,018,142		2.85	%		4.38	%
2010		0.25	%		1,687,168		7.824523		13,201,285		2.85	%		4.33	%
2009		0.00	%		154,940		7.568873		1,172,721		1.32	%		34.68	%
2009		0.20	%		1,046,990		7.513480		7,866,538		1.32	%		34.41	%
2009		0.25	%		3,001,526		7.499685		22,510,500		1.32	%		34.34	%
2008		0.00	%		84,052		5.619859		472,360		1.09	%		-53.18	%
2008		0.20	%		981,200		5.589904		5,484,814		1.09	%		-53.28	%
2008		0.25	%		2,650,624		5.582435		14,796,936		1.09	%		-53.30	%
2008		0.40	%		967,247		5.560105		5,377,995		1.09	%		-53.37	%
VPS Small/Mid Cap Value Portfolio: Class A (ALVSVA)
2012		0.00	%		246,289		26.019263		6,408,258		0.56	%		18.75	%
2012		0.20	%		69,059		25.520947		1,762,451		0.56	%		18.51	%
2012		0.25	%		78,182		25.397917		1,985,660		0.56	%		18.45	%
2011		0.00	%		255,634		21.911401		5,601,299		0.47	%		-8.39	%
2011		0.20	%		105,642		21.534889		2,274,989		0.47	%		-8.57	%
2011		0.25	%		120,161		21.441818		2,576,470		0.47	%		-8.62	%
2010		0.00	%		276,981		23.918151		6,624,873		0.45	%		26.91	%
2010		0.20	%		11,224		23.554154		264,372		0.45	%		26.65	%
2010		0.25	%		194,464		23.464072		4,562,917		0.45	%		26.59	%
2009		0.00	%		253,341		18.846934		4,774,701		1.10	%		42.86	%
2009		0.25	%		158,842		18.535349		2,944,192		1.10	%		42.50	%
2008		0.00	%		231,734		13.192861		3,057,234		0.72	%		-35.58	%
2008		0.25	%		95,945		13.007237		1,247,979		0.72	%		-35.74	%
2008		0.40	%		489		12.897108		6,307		0.72	%		-35.83	%
VP Income & Growth Fund - Class I (ACVIG)
2012		0.00	%		710,262		18.462191		13,112,993		2.10	%		14.74	%
2012		0.10	%		74,411		14.019920		1,043,236		2.10	%		14.63	%
2012		0.20	%		98,053		13.638317		1,337,278		2.10	%		14.51	%
2012		0.25	%		101,923		13.556114		1,381,680		2.10	%		14.46	%
2011		0.00	%		786,408		16.089880		12,653,210		1.56	%		3.11	%
2011		0.10	%		93,936		12.230669		1,148,900		1.56	%		3.01	%
2011		0.20	%		118,559		11.909699		1,412,002		1.56	%		2.91	%
2011		0.25	%		99,798		11.843849		1,181,992		1.56	%		2.86	%
2010		0.00	%		850,874		15.604299		13,277,292		1.54	%		14.15	%
2010		0.10	%		88,094		11.873399		1,045,975		1.54	%		14.03	%
2010		0.20	%		139,375		11.573339		1,613,034		1.54	%		13.92	%
2010		0.25	%		93,837		11.515093		1,080,542		1.54	%		13.86	%
2009		0.00	%		943,045		13.670467		12,891,866		4.69	%		18.10	%
2009		0.10	%		88,247		10.412325		918,856		4.69	%		17.98	%
2009		0.20	%		87,958		10.159333		893,595		4.69	%		17.86	%
2009		0.25	%		96,315		10.113262		974,059		4.69	%		17.80	%
2008		0.00	%		1,027,223		11.575621		11,890,744		2.04	%		-34.59	%
2008		0.10	%		110,562		8.825580		975,774		2.04	%		-34.65	%
2008		0.20	%		111,787		8.619752		963,576		2.04	%		-34.72	%
2008		0.25	%		128,424		8.584965		1,102,516		2.04	%		-34.75	%
American Century VP Inflation Protection Fund - Class II (ACVIP2)
2012		0.00	%		2,163,527		16.884507		36,530,087		2.45	%		7.39	%
2011		0.00	%		2,138,750		15.723236		33,628,071		4.02	%		11.74	%
2010		0.00	%		2,220,925		14.070730		31,250,036		1.67	%		5.12	%
2009		0.00	%		2,112,440		13.385524		28,276,116		1.87	%		10.21	%
2008		0.00	%		1,471,121		12.144940		17,866,676		4.70	%		-1.59	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
VP International Fund - Class I (ACVI)
2012		0.00	%		478	$	19.479115	$	9,311		0.95%		21.16	%
2012		0.10	%		62,568		15.784654		987,614		0.95%		21.04	%
2012		0.20	%		81,406		12.337365		1,004,336		0.95%		20.92	%
2012		0.25	%		124,136		12.263107		1,522,293		0.95%		20.86	%
2011		0.00	%		478		16.077026		7,685		2.03%		-12.04	%
2011		0.10	%		86,616		13.040872		1,129,548		2.03%		-12.13	%
2011		0.20	%		82,449		10.203033		841,230		2.03%		-12.22	%
2011		0.25	%		210,964		10.146695		2,140,587		2.03%		-12.26	%
2010		0.00	%		478		18.277925		8,737		2.46%		13.29	%
2010		0.10	%		83,179		14.840952		1,234,456		2.46%		13.18	%
2010		0.20	%		82,185		11.623003		955,237		2.46%		13.07	%
2010		0.25	%		657,819		11.564596		7,607,411		2.46%		13.01	%
2009		0.00	%		478		16.133486		7,712		2.11%		33.76	%
2009		0.10	%		162,692		13.112836		2,133,354		2.11%		33.63	%
2009		0.20	%		529,597		10.279855		5,444,180		2.11%		33.50	%
2009		0.25	%		885,670		10.233305		9,063,331		2.11%		33.43	%
2008		0.00	%		712,789		12.061113		8,597,029		0.81%		-44.82	%
2008		0.10	%		585,318		9.812726		5,743,565		0.81%		-44.88	%
2008		0.20	%		669,811		7.700423		5,157,828		0.81%		-44.93	%
2008		0.25	%		595,526		7.669381		4,567,316		0.81%		-44.96	%
VP International Fund - Class III (ACVI3)
2008		0.00	%		684,882		9.507294		6,511,375		0.80%		-44.82	%
VP Mid Cap Value Fund - Class I (ACVMV1)
2012		0.00	%		268,264		18.021035		4,834,395		2.06%		16.33	%
2012		0.20	%		40,982		17.746877		727,303		2.06%		16.09	%
2012		0.25	%		88,101		17.678937		1,557,532		2.06%		16.04	%
2011		0.00	%		243,163		15.491583		3,766,980		1.38%		-0.69	%
2011		0.20	%		4,491		15.286517		68,652		1.38%		-0.89	%
2011		0.25	%		90,003		15.235631		1,371,252		1.38%		-0.94	%
2010		0.00	%		207,868		15.599747		3,242,688		2.38%		19.25	%
2010		0.20	%		267		15.424007		4,118		2.38%		19.02	%
2010		0.25	%		75,893		15.380339		1,167,260		2.38%		18.96	%
2009		0.00	%		194,218		13.081223		2,540,609		3.88%		29.94	%
2009		0.25	%		19,707		12.929491		254,801		3.88%		29.62	%
2008		0.00	%		162,562		10.066767		1,636,474		0.10%		-24.35	%
2008		0.25	%		14,371		9.974909		143,349		0.10%		-24.54	%
2008		0.40	%		655		9.920204		6,498		0.10%		-24.65	%
VP Ultra(R) Fund - Class I (ACVU1)
2012		0.10	%		58,200		13.828695		804,830		0.00%		13.81	%
2012		0.20	%		1,879		13.681924		25,708		0.00%		13.70	%
2012		0.25	%		27,639		13.609145		376,143		0.00%		13.64	%
2011		0.10	%		96,658		12.150697		1,174,462		0.00%		0.97	%
2011		0.20	%		1,235		12.033779		14,862		0.00%		0.86	%
2011		0.25	%		21,670		11.975768		259,515		0.00%		0.81	%
2010		0.10	%		65,269		12.034525		785,481		0.53%		15.97	%
2010		0.20	%		720		11.930621		8,590		0.53%		15.85	%
2010		0.25	%		20,009		11.879037		237,688		0.53%		15.79	%
2009		0.10	%		62,621		10.377444		649,846		0.42%		34.34	%
2009		0.25	%		16,812		10.258719		172,470		0.42%		34.14	%
2008		0.00	%		241,214		7.776182		1,875,724		0.00%		-41.48	%
2008		0.10	%		55,133		7.724476		425,874		0.00%		-41.54	%
2008		0.25	%		26,763		7.647567		204,672		0.00%		-41.63	%
2008		0.40	%		155		7.571430		1,174		0.00%		-41.71	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
VP Value Fund - Class I (ACVV)
2012		0.00	%		76,100	$	24.307940	$	1,849,834		1.93%		14.58	%
2012		0.10	%		104,420		23.749898		2,479,964		1.93%		14.46	%
2012		0.20	%		39,924		20.428748		815,597		1.93%		14.35	%
2012		0.25	%		420,143		20.305662		8,531,282		1.93%		14.29	%
2011		0.00	%		58,917		21.215636		1,249,962		1.94%		1.01	%
2011		0.10	%		134,565		20.749366		2,792,138		1.94%		0.91	%
2011		0.20	%		152,212		17.865705		2,719,375		1.94%		0.81	%
2011		0.25	%		446,252		17.766964		7,928,543		1.94%		0.76	%
2010		0.00	%		36,231		21.002542		760,943		1.87%		13.42	%
2010		0.10	%		128,712		20.561475		2,646,509		1.87%		13.31	%
2010		0.20	%		123,078		17.721598		2,181,139		1.87%		13.20	%
2010		0.25	%		720,784		17.632449		12,709,187		1.87%		13.14	%
2009		0.00	%		1,823,545		18.517102		33,766,769		4.43%		19.86	%
2009		0.10	%		181,074		18.146348		3,285,832		4.43%		19.74	%
2009		0.20	%		109,685		15.655677		1,717,193		4.43%		19.62	%
2009		0.25	%		900,703		15.584697		14,037,183		4.43%		19.56	%
2009		0.40	%		1,441		15.848647		22,838		4.43%		19.39	%
2008		0.00	%		1,960,285		15.448478		30,283,420		2.41%		-26.78	%
2008		0.10	%		148,861		15.154320		2,255,887		2.41%		-26.85	%
2008		0.20	%		126,637		13.087397		1,657,349		2.41%		-26.92	%
2008		0.25	%		740,756		13.034585		9,655,447		2.41%		-26.96	%
2008		0.40	%		89,037		13.275233		1,181,987		2.41%		-27.07	%
VP Vista(SM) Fund - Class I (ACVVS1)
2012		0.00	%		4,093		14.497885		59,340		0.00%		15.61	%
2012		0.10	%		51,805		14.387170		745,327		0.00%		15.50	%
2012		0.20	%		34,171		14.277287		487,869		0.00%		15.38	%
2012		0.25	%		34,599		14.222632		492,089		0.00%		15.33	%
2011		0.00	%		6,581		12.539840		82,525		0.00%		-7.89	%
2011		0.10	%		57,688		12.456554		718,594		0.00%		-7.99	%
2011		0.20	%		9,490		12.373806		117,427		0.00%		-8.08	%
2011		0.25	%		68,644		12.332624		846,561		0.00%		-8.12	%
2010		0.00	%		4,745		13.614679		64,602		0.00%		23.88	%
2010		0.10	%		58,821		13.537768		796,305		0.00%		23.76	%
2010		0.20	%		8,529		13.461279		114,811		0.00%		23.63	%
2010		0.25	%		65,819		13.423172		883,500		0.00%		23.57	%
2009		0.00	%		10,424		10.990064		114,560		0.00%		22.47	%
2009		0.10	%		55,152		10.938887		603,301		0.00%		22.35	%
2009		0.25	%		112,703		10.862560		1,224,243		0.00%		22.16	%
2008		0.00	%		193,947		8.973691		1,740,420		0.00%		-48.62	%
2008		0.10	%		71,127		8.940846		635,936		0.00%		-48.67	%
2008		0.25	%		86,096		8.891784		765,547		0.00%		-48.75	%
2008		0.40	%		10,525		8.843015		93,073		0.00%		-48.83	%
MidCap Stock Portfolio - Initial Shares (DVMCS)
2012		0.10	%		38,571		21.923330		845,605		0.48%		19.55	%
2012		0.25	%		17,878		21.586376		385,921		0.48%		19.38	%
2011		0.10	%		43,424		18.337473		796,286		0.73%		0.29	%
2011		0.25	%		18,036		18.082797		326,141		0.73%		0.14	%
2010		0.10	%		47,760		18.283588		873,224		0.78%		26.97	%
2010		0.25	%		44,864		18.056676		810,095		0.78%		26.78	%
2009		0.10	%		32,827		14.400019		472,709		1.40%		35.37	%
2009		0.25	%		28,797		14.242624		410,145		1.40%		35.17	%
2008		0.10	%		33,401		10.637241		355,294		0.85%		-40.48	%
2008		0.25	%		19,324		10.536775		203,613		0.85%		-40.57	%
2008		0.40	%		1,110		10.437244		11,585		0.85%		-40.66	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Small Cap Stock Index Portfolio - Service Shares (DVSCS)
2012		0.00	%		615,579	$	19.873008	$	12,233,406		0.44	%		15.74	%
2012		0.10	%		101,734		19.662128		2,000,307		0.44	%		15.63	%
2012		0.20	%		628,591		19.453459		12,228,269		0.44	%		15.51	%
2012		0.25	%		1,097,714		19.349975		21,240,738		0.44	%		15.45	%
2011		0.00	%		616,559		17.170194		10,586,438		0.58	%		0.56	%
2011		0.10	%		129,294		17.005028		2,198,648		0.58	%		0.46	%
2011		0.20	%		491,347		16.841422		8,274,982		0.58	%		0.36	%
2011		0.25	%		1,140,414		16.760220		19,113,590		0.58	%		0.31	%
2010		0.00	%		595,639		17.074091		10,169,994		0.58	%		25.83	%
2010		0.10	%		136,498		16.926721		2,310,464		0.58	%		25.70	%
2010		0.20	%		484,419		16.780615		8,128,849		0.58	%		25.58	%
2010		0.25	%		890,399		16.708035		14,876,818		0.58	%		25.51	%
2009		0.00	%		622,763		13.569574		8,450,629		2.54	%		25.03	%
2009		0.10	%		232,174		13.465899		3,126,432		2.54	%		24.90	%
2009		0.20	%		230,031		13.363002		3,073,905		2.54	%		24.78	%
2009		0.25	%		1,021,175		13.311853		13,593,731		2.54	%		24.71	%
2009		0.40	%		902		13.159552		11,870		2.54	%		24.53	%
2008		0.00	%		615,900		10.853308		6,684,552		0.81	%		-30.91	%
2008		0.10	%		244,811		10.781160		2,639,347		0.81	%		-30.98	%
2008		0.20	%		202,504		10.709488		2,168,714		0.81	%		-31.05	%
2008		0.25	%		657,368		10.673834		7,016,637		0.81	%		-31.09	%
2008		0.40	%		157,072		10.567565		1,659,869		0.81	%		-31.19	%
Appreciation Portfolio - Initial Shares (DCAP)
2012		0.00	%		906,682		21.640941		19,621,452		3.70	%		10.43	%
2012		0.10	%		116,955		15.788040		1,846,490		3.70	%		10.32	%
2012		0.20	%		168,235		14.649790		2,464,607		3.70	%		10.21	%
2012		0.25	%		768,680		14.561536		11,193,161		3.70	%		10.15	%
2011		0.00	%		858,429		19.596966		16,822,604		1.65	%		9.01	%
2011		0.10	%		119,200		14.311206		1,705,896		1.65	%		8.90	%
2011		0.20	%		125,298		13.292747		1,665,555		1.65	%		8.79	%
2011		0.25	%		655,712		13.219278		8,668,039		1.65	%		8.74	%
2010		0.00	%		843,704		17.976967		15,167,239		2.23	%		15.32	%
2010		0.10	%		103,883		13.141262		1,365,154		2.23	%		15.20	%
2010		0.20	%		119,634		12.218237		1,461,717		2.23	%		15.09	%
2010		0.25	%		597,689		12.156773		7,265,969		2.23	%		15.03	%
2009		0.00	%		954,621		15.589221		14,881,798		2.64	%		22.56	%
2009		0.10	%		86,738		11.407200		989,438		2.64	%		22.44	%
2009		0.20	%		111,948		10.616570		1,188,504		2.64	%		22.31	%
2009		0.25	%		626,873		10.568440		6,625,070		2.64	%		22.25	%
2009		0.40	%		8,289		12.631233		104,700		2.64	%		22.07	%
2008		0.00	%		1,041,473		12.719805		13,247,333		2.12	%		-29.55	%
2008		0.10	%		92,545		9.316859		862,229		2.12	%		-29.62	%
2008		0.20	%		101,573		8.679771		881,630		2.12	%		-29.69	%
2008		0.25	%		580,600		8.644744		5,019,138		2.12	%		-29.73	%
2008		0.40	%		31,192		10.347582		322,762		2.12	%		-29.83	%
Opportunistic Small Cap Portfolio: Initial Shares (DSC)
2012		0.00	%		61,690		15.029274		927,156		0.00	%		20.56	%
2011		0.00	%		57,519		12.465849		717,023		0.43	%		-13.85	%
2010		0.00	%		72,500		14.469098		1,049,010		0.70	%		31.15	%
2009		0.00	%		58,513		11.032594		645,550		1.70	%		26.04	%
2008		0.00	%		60,390		8.753397		528,618		0.83	%		-37.59	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
International Value Portfolio - Initial Shares (DVIV)
2012		0.00	%		20,685	$	17.383341	$	359,574		3.81	%		12.67	%
2012		0.10	%		38,821		17.204731		667,905		3.81	%		12.55	%
2012		0.20	%		101,836		17.028001		1,734,064		3.81	%		12.44	%
2012		0.25	%		389,888		16.940266		6,604,806		3.81	%		12.38	%
2011		0.00	%		13,744		15.429086		212,057		2.15	%		-18.48	%
2011		0.10	%		50,393		15.285871		770,301		2.15	%		-18.56	%
2011		0.20	%		403,332		15.144010		6,108,064		2.15	%		-18.64	%
2011		0.25	%		484,217		15.073543		7,298,866		2.15	%		-18.68	%
2010		0.00	%		10,726		18.926715		203,008		1.87	%		4.45	%
2010		0.10	%		56,264		18.769778		1,056,063		1.87	%		4.35	%
2010		0.20	%		425,859		18.614188		7,927,019		1.87	%		4.25	%
2010		0.25	%		760,614		18.536839		14,099,379		1.87	%		4.19	%
2009		0.00	%		6,852		18.119573		124,155		4.09	%		30.97	%
2009		0.10	%		99,191		17.987291		1,784,177		4.09	%		30.84	%
2009		0.20	%		412,421		17.856007		7,364,192		4.09	%		30.71	%
2009		0.25	%		801,300		17.790702		14,255,690		4.09	%		30.65	%
2009		0.40	%		8,696		17.596305		153,017		4.09	%		30.45	%
2008		0.10	%		93,781		13.747265		1,289,232		2.45	%		-37.38	%
2008		0.20	%		485,843		13.660576		6,636,895		2.45	%		-37.45	%
2008		0.25	%		800,273		13.617429		10,897,661		2.45	%		-37.48	%
2008		0.40	%		81,026		13.488849		1,092,947		2.45	%		-37.57	%
Variable Series II - DWS Dreman Small Mid Cap Value VIP - Class B (SVSSVB)
2012		0.00	%		11,694		10.625374		124,253		1.21	%		13.38	%
2012		0.20	%		14,154		10.514104		148,817		1.21	%		13.15	%
2012		0.25	%		32,089		10.486475		336,500		1.21	%		13.10	%
2011		0.00	%		9,646		9.371332		90,396		0.59	%		-6.33	%
2011		0.20	%		117,245		9.291802		1,089,417		0.59	%		-6.52	%
2011		0.25	%		68,729		9.272036		637,258		0.59	%		-6.57	%
2010		0.00	%		14,853		10.004800		148,601		0.91	%		22.66	%
2010		0.20	%		105,748		9.939712		1,051,105		0.91	%		22.42	%
2010		0.25	%		66,739		9.923523		662,286		0.91	%		22.36	%
2009		0.00	%		3,735		8.156371		30,464		1.81	%		29.28	%
2009		0.20	%		126,894		8.119519		1,030,318		1.81	%		29.02	%
2009		0.25	%		57,608		8.110345		467,221		1.81	%		28.96	%
2008		0.00	%		1,165		6.308994		7,350		0.57	%		-33.67	%
2008		0.10	%		469,621		6.301021		2,959,092		0.57	%		-33.74	%
2008		0.20	%		180,104		6.293064		1,133,406		0.57	%		-33.81	%
2008		0.25	%		21,870		6.289098		137,543		0.57	%		-33.84	%
Variable Series II - DWS Large Cap Value VIP - Class B (SVSLVB)
2012		0.20	%		1,318		10.087692		13,296		1.67	%		9.22	%
2012		0.25	%		11,902		10.079282		119,964		1.67	%		9.16	%
2011		0.20	%		2,801		9.236333		25,871		0.00	%		-7.64	%		5/2/2011
2011		0.25	%		15,749		9.233267		145,415		0.00	%		-7.67	%		5/2/2011
Capital Appreciation Fund II - Primary Shares (FVCA2P)
2012		0.00	%		43,680		15.930913		695,862		0.63	%		10.17	%
2011		0.00	%		80,819		14.459762		1,168,624		0.58	%		-5.29	%
2010		0.00	%		55,080		15.267952		840,959		0.87	%		13.07	%
2009		0.00	%		46,524		13.502613		628,196		1.05	%		13.48	%
2008		0.00	%		36,885		11.898648		438,882		0.34	%		-29.37	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Quality Bond Fund II - Primary Shares (FQB)
2012		0.00	%		838,044	$	21.094313	$	17,677,962		4.22	%		9.72	%
2012		0.10	%		43,716		20.808093		909,647		4.22	%		9.61	%
2012		0.20	%		15,627		20.525765		320,756		4.22	%		9.50	%
2012		0.25	%		558,099		20.386022		11,377,418		4.22	%		9.45	%
2011		0.00	%		922,533		19.225225		17,735,904		5.17	%		2.27	%
2011		0.10	%		53,578		18.983394		1,017,092		5.17	%		2.17	%
2011		0.20	%		8,024		18.744605		150,407		5.17	%		2.07	%
2011		0.25	%		765,984		18.626322		14,267,465		5.17	%		2.02	%
2010		0.00	%		1,065,571		18.798086		20,030,695		4.78	%		8.50	%
2010		0.10	%		73,085		18.580145		1,357,930		4.78	%		8.40	%
2010		0.20	%		2,408		18.364732		44,222		4.78	%		8.29	%
2010		0.25	%		852,101		18.257953		15,557,620		4.78	%		8.23	%
2009		0.00	%		1,207,203		17.324766		20,914,509		6.41	%		20.43	%
2009		0.10	%		43,709		17.141028		749,217		6.41	%		20.31	%
2009		0.25	%		828,781		16.869071		13,980,766		6.41	%		20.13	%
2009		0.40	%		3,689		16.601438		61,243		6.41	%		19.95	%
2008		0.00	%		1,273,310		14.385247		18,316,879		5.71	%		-7.29	%
2008		0.10	%		48,074		14.246920		684,906		5.71	%		-7.38	%
2008		0.25	%		721,614		14.041907		10,132,837		5.71	%		-7.52	%
2008		0.40	%		6,201		13.839860		85,821		5.71	%		-7.66	%
VIP Contrafund Portfolio - Service Class (FCS)
2012		0.00	%		39,228		27.973584		1,097,348		1.22	%		16.31	%
2012		0.10	%		350,542		20.045837		7,026,908		1.22	%		16.19	%
2012		0.20	%		750,624		18.755703		14,078,481		1.22	%		16.08	%
2012		0.25	%		1,859,639		18.642752		34,668,789		1.22	%		16.02	%
2011		0.00	%		12,792		24.051295		307,664		0.87	%		-2.64	%
2011		0.10	%		472,515		17.252407		8,152,021		0.87	%		-2.73	%
2011		0.20	%		843,296		16.158243		13,626,182		0.87	%		-2.83	%
2011		0.25	%		2,116,454		16.068977		34,009,251		0.87	%		-2.88	%
2010		0.00	%		21,505		24.702642		531,230		0.54	%		17.11	%
2010		0.10	%		508,353		17.737330		9,016,825		0.54	%		16.99	%
2010		0.20	%		788,579		16.629006		13,113,285		0.54	%		16.87	%
2010		0.25	%		2,728,984		16.545389		45,152,102		0.54	%		16.82	%
2009		0.00	%		3,669,623		21.093947		77,406,833		1.29	%		35.66	%
2009		0.10	%		488,468		15.161297		7,405,808		1.29	%		35.53	%
2009		0.20	%		1,321,851		14.228141		18,807,482		1.29	%		35.39	%
2009		0.25	%		3,013,281		14.163669		42,679,115		1.29	%		35.33	%
2009		0.40	%		14,958		17.614183		263,473		1.29	%		35.12	%
2008		0.00	%		4,190,707		15.548565		65,159,480		0.93	%		-42.61	%
2008		0.10	%		522,978		11.186730		5,850,414		0.93	%		-42.67	%
2008		0.20	%		2,850,610		10.508698		29,956,200		0.93	%		-42.73	%
2008		0.25	%		3,082,104		10.466315		32,258,271		0.93	%		-42.76	%
2008		0.40	%		367,375		13.035628		4,788,964		0.93	%		-42.84	%
VIP Energy Portfolio - Service Class 2 (FNRS2)
2012		0.00	%		500,432		18.272664		9,144,226		0.74	%		4.73	%
2011		0.00	%		594,575		17.446617		10,373,322		0.83	%		-5.20	%
2010		0.00	%		542,677		18.403422		9,987,114		0.35	%		19.16	%
2009		0.00	%		630,089		15.444750		9,731,567		0.22	%		47.57	%
2008		0.00	%		747,087		10.465765		7,818,837		0.00	%		-54.40	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
VIP Equity-Income Portfolio - Service Class (FEIS)
2012		0.00	%		2,108,689	$	19.143712	$	40,368,135		2.97	%		17.19	%
2012		0.10	%		164,157		16.564582		2,719,192		2.97	%		17.07	%
2012		0.20	%		259,357		15.178109		3,936,549		2.97	%		16.95	%
2012		0.25	%		808,889		15.086704		12,203,469		2.97	%		16.89	%
2011		0.00	%		2,387,273		16.335975		38,998,432		2.29	%		0.86	%
2011		0.10	%		201,437		14.149286		2,850,190		2.29	%		0.76	%
2011		0.20	%		265,212		12.977974		3,441,914		2.29	%		0.66	%
2011		0.25	%		729,727		12.906284		9,418,064		2.29	%		0.61	%
2010		0.00	%		2,608,980		16.196839		42,257,229		1.70	%		15.09	%
2010		0.10	%		221,619		14.042784		3,112,148		1.70	%		14.97	%
2010		0.20	%		512,456		12.893153		6,607,174		1.70	%		14.86	%
2010		0.25	%		1,075,614		12.828331		13,798,332		1.70	%		14.80	%
2009		0.00	%		2,900,543		14.073509		40,820,818		2.16	%		30.03	%
2009		0.10	%		249,158		12.214029		3,043,223		2.16	%		29.90	%
2009		0.20	%		420,614		11.225322		4,721,528		2.16	%		29.77	%
2009		0.25	%		1,304,182		11.174471		14,573,544		2.16	%		29.71	%
2009		0.40	%		8,222		11.961703		98,349		2.16	%		29.51	%
2008		0.00	%		3,254,696		10.823135		35,226,014		2.35	%		-42.70	%
2008		0.10	%		294,647		9.402510		2,770,421		2.35	%		-42.76	%
2008		0.20	%		412,573		8.650050		3,568,777		2.35	%		-42.82	%
2008		0.25	%		1,761,859		8.615165		15,178,706		2.35	%		-42.85	%
2008		0.40	%		74,107		9.235955		684,449		2.35	%		-42.93	%
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)
2012		0.00	%		131,678		15.052634		1,982,101		1.75	%		11.69	%
2012		0.20	%		15,546		14.823672		230,449		1.75	%		11.46	%
2012		0.25	%		2,211		14.766979		32,650		1.75	%		11.41	%
2011		0.00	%		147,851		13.477731		1,992,696		2.20	%		-0.28	%
2011		0.20	%		27,132		13.299351		360,838		2.20	%		-0.48	%
2011		0.25	%		3,966		13.255123		52,570		2.20	%		-0.53	%
2010		0.00	%		136,140		13.516167		1,840,091		2.19	%		12.74	%
2010		0.20	%		4,973		13.363919		66,459		2.19	%		12.51	%
2010		0.25	%		714		13.326120		9,515		2.19	%		12.46	%
2009		0.00	%		151,807		11.989176		1,820,041		3.90	%		24.15	%
2009		0.20	%		5,103		11.877840		60,613		3.90	%		23.90	%
2009		0.25	%		713		11.850165		8,449		3.90	%		23.84	%
2008		0.00	%		133,384		9.656832		1,288,067		2.70	%		-25.08	%
2008		0.20	%		1,657		9.586290		15,884		2.70	%		-25.23	%
2008		0.25	%		151		9.568737		1,445		2.70	%		-25.26	%
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)
2012		0.00	%		426,569		15.209948		6,488,092		2.06	%		13.19	%
2012		0.20	%		161,122		14.978574		2,413,378		2.06	%		12.96	%
2012		0.25	%		270,796		14.921259		4,040,617		2.06	%		12.90	%
2011		0.00	%		419,318		13.437783		5,634,704		2.27	%		-1.12	%
2011		0.20	%		107,464		13.259920		1,424,964		2.27	%		-1.32	%
2011		0.25	%		254,766		13.215803		3,366,937		2.27	%		-1.37	%
2010		0.00	%		329,369		13.590648		4,476,338		2.28	%		14.52	%
2010		0.20	%		17,386		13.437543		233,625		2.28	%		14.29	%
2010		0.25	%		215,574		13.399524		2,888,589		2.28	%		14.23	%
2009		0.00	%		331,447		11.867504		3,933,449		3.37	%		28.78	%
2009		0.20	%		3,437		11.757279		40,410		3.37	%		28.52	%
2009		0.25	%		172,400		11.729876		2,022,231		3.37	%		28.45	%
2008		0.00	%		331,111		9.215628		3,051,396		3.25	%		-32.71	%
2008		0.25	%		55,034		9.131542		502,545		3.25	%		-32.88	%
2008		0.40	%		22,241		9.081452		201,981		3.25	%		-32.98	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)
2012		0.00	%		240,346	$	15.121452	$	3,634,381		1.99%		15.48	%
2012		0.20	%		71,930		14.891344		1,071,134		1.99%		15.25	%
2012		0.25	%		64,495		14.834352		956,742		1.99%		15.19	%
2011		0.00	%		257,152		13.094199		3,367,199		2.22%		-2.70	%
2011		0.20	%		89,919		12.920810		1,161,826		2.22%		-2.89	%
2011		0.25	%		157,867		12.877813		2,032,982		2.22%		-2.94	%
2010		0.00	%		236,147		13.457007		3,177,832		2.16%		16.00	%
2010		0.20	%		8,368		13.305353		111,339		2.16%		15.77	%
2010		0.25	%		52,993		13.267698		703,095		2.16%		15.71	%
2009		0.00	%		223,653		11.600974		2,594,593		2.39%		31.40	%
2009		0.20	%		5,273		11.493181		60,604		2.39%		31.14	%
2009		0.25	%		34,265		11.466383		392,896		2.39%		31.08	%
2008		0.00	%		189,269		8.828445		1,670,951		2.64%		-38.08	%
2008		0.20	%		3,626		8.763926		31,778		2.64%		-38.20	%
2008		0.25	%		14,454		8.747863		126,442		2.64%		-38.23	%
2008		0.40	%		9,318		8.699870		81,065		2.64%		-38.32	%
VIP Freedom Income Fund Portfolio - Service Class (FFINS)
2012		0.20	%		133,054		10.874034		1,446,834		1.44%		6.21	%
2012		0.25	%		18,872		10.862729		205,001		1.44%		6.15	%
2011		0.20	%		157,557		10.238465		1,613,142		1.77%		1.36	%
2011		0.25	%		22,966		10.232950		235,010		1.77%		1.31	%
VIP Growth & Income Portfolio - Service Class (FGIS)
2010		0.20	%		7,884		8.550246		67,410		0.70%		14.43	%
2010		0.25	%		1,131		8.537429		9,656		0.70%		14.38	%
2009		0.20	%		8,111		7.471827		60,604		0.11%		26.91	%
2009		0.25	%		1,133		7.464354		8,457		0.11%		26.84	%
VIP Growth Opportunities Portfolio - Service Class (FGOS)
2012		0.00	%		5,557		13.890993		77,192		0.29%		19.46	%
2012		0.10	%		101,294		11.151220		1,129,552		0.29%		19.34	%
2012		0.25	%		38,843		12.645225		491,178		0.29%		19.16	%
2011		0.00	%		2		11.627899		23		0.06%		2.18	%
2011		0.10	%		167,357		9.343842		1,563,757		0.06%		2.08	%
2011		0.25	%		40,559		10.611629		430,397		0.06%		1.93	%
2010		0.00	%		2		11.379822		23		0.02%		23.65	%
2010		0.10	%		120,418		9.153616		1,102,260		0.02%		23.53	%
2010		0.25	%		41,639		10.411166		433,511		0.02%		23.34	%
2009		0.00	%		756,757		9.203011		6,964,443		0.38%		45.72	%
2009		0.10	%		70,834		7.410032		524,882		0.38%		45.57	%
2009		0.25	%		44,684		8.440703		377,164		0.38%		45.36	%
2008		0.00	%		797,395		6.315602		5,036,029		0.34%		-55.06	%
2008		0.10	%		79,193		5.090243		403,112		0.34%		-55.10	%
2008		0.25	%		52,092		5.806945		302,495		0.34%		-55.17	%
VIP Growth Portfolio - Service Class (FGS)
2012		0.00	%		2,363,334		18.449661		43,602,711		0.49%		14.54	%
2012		0.10	%		187,801		11.945210		2,243,322		0.49%		14.43	%
2012		0.20	%		365,060		10.607405		3,872,339		0.49%		14.32	%
2012		0.25	%		1,242,450		10.543440		13,099,697		0.49%		14.26	%
2011		0.00	%		2,614,645		16.106923		42,113,886		0.25%		0.14	%
2011		0.10	%		259,344		10.438857		2,707,255		0.25%		0.04	%
2011		0.20	%		332,626		9.279050		3,086,453		0.25%		-0.06	%
2011		0.25	%		1,292,625		9.227724		11,927,987		0.25%		-0.11	%
2010		0.00	%		2,828,191		16.084224		45,489,258		0.17%		24.06	%
2010		0.10	%		195,448		10.434553		2,039,413		0.17%		23.93	%
2010		0.20	%		556,067		9.284476		5,162,791		0.17%		23.81	%
2010		0.25	%		1,894,082		9.237732		17,497,022		0.17%		23.75	%
2009		0.00	%		3,107,304		12.965334		40,287,234		0.32%		28.15	%
2009		0.10	%		292,689		8.419589		2,464,321		0.32%		28.02	%
2009		0.20	%		596,741		7.499084		4,475,011		0.32%		27.89	%
2009		0.25	%		2,310,471		7.465060		17,247,805		0.32%		27.83	%
2009		0.40	%		24,913		10.725399		267,202		0.32%		27.64	%
2008		0.00	%		3,467,374		10.117480		35,081,087		0.74%		-47.23	%
2008		0.10	%		986,037		6.576790		6,484,958		0.74%		-47.29	%
2008		0.20	%		580,783		5.863617		3,405,489		0.74%		-47.34	%
2008		0.25	%		2,552,430		5.839928		14,906,007		0.74%		-47.37	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
2008		0.40	%		113,777		8.403086		956,078		0.74%		-47.44	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
VIP High Income Portfolio - Service Class (FHIS)
2012		0.00	%		317,308	$	17.267290	$	5,479,049		5.66	%		14.20	%
2012		0.10	%		154,446		16.970006		2,620,950		5.66	%		14.08	%
2012		0.20	%		117,282		21.534843		2,525,649		5.66	%		13.97	%
2012		0.25	%		237,112		21.405070		5,075,399		5.66	%		13.91	%
2011		0.00	%		369,835		15.120791		5,592,198		6.65	%		3.93	%
2011		0.10	%		138,594		14.875369		2,061,637		6.65	%		3.82	%
2011		0.20	%		104,993		18.895691		1,983,915		6.65	%		3.72	%
2011		0.25	%		208,631		18.791235		3,920,434		6.65	%		3.67	%
2010		0.00	%		456,051		14.549690		6,635,401		7.61	%		13.79	%
2010		0.10	%		164,151		14.327814		2,351,925		7.61	%		13.67	%
2010		0.20	%		143,953		18.218308		2,622,580		7.61	%		13.56	%
2010		0.25	%		183,998		18.126634		3,335,264		7.61	%		13.50	%
2009		0.00	%		522,350		12.786757		6,679,163		6.43	%		43.77	%
2009		0.10	%		194,653		12.604336		2,453,472		6.43	%		43.63	%
2009		0.20	%		122,251		16.042868		1,961,257		6.43	%		43.49	%
2009		0.25	%		158,484		15.970114		2,531,008		6.43	%		43.41	%
2008		0.00	%		671,992		8.893725		5,976,512		8.01	%		-25.06	%
2008		0.10	%		637,990		8.775597		5,598,743		8.01	%		-25.14	%
2008		0.20	%		76,481		11.180781		855,117		8.01	%		-25.21	%
2008		0.25	%		151,548		11.135640		1,687,584		8.01	%		-25.25	%
VIP High Income Portfolio - Service Class R (FHISR)
2012		0.00	%		338,588		14.396142		4,874,361		5.95	%		14.10	%
2011		0.00	%		301,013		12.617208		3,797,944		6.95	%		3.99	%
2010		0.00	%		339,656		12.132539		4,120,890		7.97	%		13.66	%
2009		0.00	%		350,965		10.674246		3,746,287		8.96	%		43.93	%
2008		0.00	%		230,571		7.416301		1,709,984		7.80	%		-24.98	%
VIP Index 500 Portfolio - Initial Class (FIP)
2012		0.20	%		2,260,976		10.898766		24,641,848		2.18	%		15.68	%
2012		0.25	%		321,163		10.871578		3,491,549		2.18	%		15.63	%
2011		0.20	%		2,038,925		9.421216		19,209,153		1.86	%		1.84	%
2011		0.25	%		297,628		9.402424		2,798,425		1.86	%		1.78	%
2010		0.20	%		2,378,076		9.251418		22,000,575		6.89	%		14.79	%
2010		0.25	%		341,142		9.237578		3,151,326		6.89	%		14.74	%
2009		0.20	%		498,840		8.059227		4,020,265		2.45	%		26.35	%
2009		0.25	%		69,655		8.051179		560,805		2.45	%		26.29	%
2008		0.20	%		505,186		6.378330		3,222,243		2.29	%		-36.22	%		1/2/2008
2008		0.25	%		46,125		6.375146		294,054		2.29	%		-36.25	%		1/2/2008
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)
2012		0.00	%		803,619		16.144635		12,974,135		2.31	%		5.77	%
2012		0.10	%		108,259		15.989351		1,730,991		2.31	%		5.66	%
2012		0.20	%		196,470		15.835518		3,111,204		2.31	%		5.56	%
2012		0.25	%		982,289		15.759183		15,480,072		2.31	%		5.50	%
2011		0.00	%		966,381		15.264055		14,750,893		3.27	%		7.21	%
2011		0.10	%		89,725		15.132404		1,357,755		3.27	%		7.10	%
2011		0.20	%		79,267		15.001845		1,189,151		3.27	%		6.99	%
2011		0.25	%		903,088		14.937020		13,489,444		3.27	%		6.94	%
2010		0.00	%		1,042,979		14.237787		14,849,713		5.00	%		7.68	%
2010		0.10	%		89,213		14.129064		1,260,496		5.00	%		7.57	%
2010		0.20	%		34,875		14.021133		488,987		5.00	%		7.46	%
2010		0.25	%		1,690,841		13.967499		23,616,820		5.00	%		7.41	%
2009		0.00	%		1,066,040		13.222437		14,095,647		8.80	%		15.67	%
2009		0.10	%		75,947		13.134577		997,532		8.80	%		15.56	%
2009		0.20	%		12,441		13.047289		162,321		8.80	%		15.44	%
2009		0.25	%		106,438		13.003875		1,384,106		8.80	%		15.38	%
2008		0.00	%		1,078,108		11.430864		12,323,706		3.94	%		-3.35	%
2008		0.10	%		75,054		11.366264		853,084		3.94	%		-3.44	%
2008		0.25	%		100,055		11.270047		1,127,625		3.94	%		-3.59	%
2008		0.40	%		4,637		11.174634		51,817		3.94	%		-3.73	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
VIP Mid Cap Portfolio - Service Class (FMCS)
2012		0.00	%		839,496	$	30.166927	$	25,325,015		0.50	%		14.75	%
2012		0.10	%		58,544		29.876704		1,749,102		0.50	%		14.64	%
2012		0.20	%		195,159		29.589302		5,774,619		0.50	%		14.52	%
2012		0.25	%		290,111		29.446618		8,542,788		0.50	%		14.46	%
2011		0.00	%		954,537		26.289170		25,093,985		0.14	%		-10.72	%
2011		0.10	%		92,366		26.062360		2,407,276		0.14	%		-10.81	%
2011		0.20	%		179,922		25.837533		4,648,741		0.14	%		-10.89	%
2011		0.25	%		424,274		25.725831		10,914,801		0.14	%		-10.94	%
2010		0.00	%		1,034,040		29.444519		30,446,810		0.28	%		28.70	%
2010		0.10	%		81,078		29.219667		2,369,072		0.28	%		28.57	%
2010		0.20	%		124,610		28.996539		3,613,259		0.28	%		28.45	%
2010		0.25	%		451,307		28.885604		13,036,275		0.28	%		28.38	%
2009		0.00	%		1,033,209		22.878053		23,637,810		0.58	%		40.01	%
2009		0.10	%		66,502		22.726025		1,511,326		0.58	%		39.87	%
2009		0.20	%		52,799		22.575019		1,191,938		0.58	%		39.73	%
2009		0.25	%		483,255		22.499878		10,873,179		0.58	%		39.66	%
2009		0.40	%		161		22.275993		3,586		0.58	%		39.46	%
2008		0.00	%		1,053,808		16.339788		17,218,999		0.38	%		-39.51	%
2008		0.10	%		60,956		16.247436		990,379		0.38	%		-39.57	%
2008		0.20	%		40,911		16.155616		660,942		0.38	%		-39.63	%
2008		0.25	%		395,836		16.109892		6,376,875		0.38	%		-39.66	%
2008		0.40	%		174,217		15.973520		2,782,859		0.38	%		-39.75	%
VIP Overseas Portfolio - Service Class (FOS)
2012		0.00	%		311,831		17.401474		5,426,319		1.63	%		20.54	%
2012		0.10	%		75,393		14.746394		1,111,775		1.63	%		20.42	%
2012		0.20	%		130,929		13.125608		1,718,523		1.63	%		20.30	%
2012		0.25	%		380,826		13.046486		4,968,441		1.63	%		20.24	%
2011		0.00	%		358,292		14.436160		5,172,361		1.19	%		-17.23	%
2011		0.10	%		120,357		12.245783		1,473,866		1.19	%		-17.31	%
2011		0.20	%		134,279		10.910767		1,465,087		1.19	%		-17.39	%
2011		0.25	%		681,992		10.850436		7,399,911		1.19	%		-17.43	%
2010		0.00	%		444,043		17.440640		7,744,394		1.27	%		12.99	%
2010		0.10	%		127,406		14.809197		1,886,781		1.27	%		12.88	%
2010		0.20	%		120,641		13.207916		1,593,416		1.27	%		12.77	%
2010		0.25	%		1,141,090		13.141451		14,995,578		1.27	%		12.71	%
2009		0.00	%		520,924		15.435366		8,040,653		2.05	%		26.44	%
2009		0.10	%		280,028		13.119571		3,673,847		2.05	%		26.31	%
2009		0.20	%		97,757		11.712682		1,144,997		2.05	%		26.19	%
2009		0.25	%		1,344,902		11.659560		15,680,966		2.05	%		26.12	%
2009		0.40	%		2,145		12.468464		26,745		2.05	%		25.93	%
2008		0.00	%		628,957		12.207782		7,678,170		2.43	%		-43.86	%
2008		0.10	%		283,593		10.386619		2,945,572		2.43	%		-43.92	%
2008		0.20	%		98,672		9.282079		915,881		2.43	%		-43.98	%
2008		0.25	%		1,629,016		9.244601		15,059,603		2.43	%		-44.00	%
2008		0.40	%		84,310		9.900810		834,737		2.43	%		-44.09	%
VIP Overseas Portfolio - Service Class R (FOSR)
2012		0.00	%		771,330		13.836689		10,672,653		1.81	%		20.67	%
2011		0.00	%		865,432		11.466618		9,923,578		1.29	%		-17.30	%
2010		0.00	%		901,030		13.865532		12,493,260		1.32	%		13.01	%
2009		0.00	%		992,596		12.269434		12,178,591		2.07	%		26.49	%
2008		0.00	%		1,096,774		9.699843		10,638,536		2.55	%		-43.88	%
VIP Value Strategies Portfolio - Service Class (FVSS)
2012		0.00	%		164,712		19.135795		3,151,895		0.49	%		27.10	%
2012		0.10	%		49,718		18.932701		941,296		0.49	%		26.97	%
2012		0.25	%		50		18.632032		932		0.49	%		26.78	%
2011		0.00	%		190,137		15.055580		2,862,623		0.91	%		-8.85	%
2011		0.10	%		64,340		14.910722		959,356		0.91	%		-8.94	%
2011		0.25	%		829		14.695999		12,183		0.91	%		-9.07	%
2010		0.00	%		183,598		16.516915		3,032,473		0.41	%		26.45	%
2010		0.10	%		63,715		16.374356		1,043,292		0.41	%		26.33	%
2010		0.25	%		839		16.162748		13,561		0.41	%		26.14	%
2009		0.00	%		226,619		13.061648		2,960,018		0.51	%		57.40	%
2009		0.10	%		54,167		12.961834		702,104		0.51	%		57.24	%
2009		0.25	%		798		12.813506		10,225		0.51	%		57.00	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
2008		0.00	%		242,212		8.298533		2,010,004		0.56	%		-51.17	%
2008		0.10	%		51,422		8.243364		423,890		0.56	%		-51.22	%
2008		0.25	%		30,262		8.161269		246,976		0.56	%		-51.30	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
VIP Fidelity VIP Freedom Fund 2015 Portfolio - Service Class (FF15S)
2012		0.00	%		33,712	$	11.737104	$	395,681		2.15%		12.13	%
2012		0.20	%		109,872		11.628088		1,277,601		2.15%		11.91	%
2012		0.25	%		247,648		11.600978		2,872,959		2.15%		11.85	%
2011		0.00	%		10,672		10.467224		111,706		2.38%		-0.41	%
2011		0.20	%		55,142		10.390805		572,970		2.38%		-0.61	%
2011		0.25	%		318,600		10.371781		3,304,449		2.38%		-0.66	%
2010		0.00	%		7,055		10.510490		74,152		2.63%		13.00	%
2010		0.20	%		20,002		10.454598		209,113		2.63%		12.78	%
2010		0.25	%		177,928		10.440658		1,857,685		2.63%		12.72	%
2009		0.00	%		5,406		9.301002		50,281		4.01%		25.06	%
2009		0.25	%		121,907		9.262314		1,129,141		4.01%		24.75	%
2008		0.25	%		37,047		7.424925		275,071		3.44%		-25.75	%		5/1/2008
2008		0.40	%		81,705		7.417486		606,046		3.44%		-25.83	%		5/1/2008
VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class (FF25S)
2012		0.00	%		10,423		11.449402		119,337		2.04%		14.97	%
2012		0.20	%		133,774		11.343045		1,517,405		2.04%		14.74	%
2012		0.25	%		449,159		11.316590		5,082,948		2.04%		14.68	%
2011		0.00	%		9,293		9.958561		92,545		2.30%		-2.26	%
2011		0.20	%		68,449		9.885849		676,676		2.30%		-2.45	%
2011		0.25	%		390,645		9.867741		3,854,784		2.30%		-2.50	%
2010		0.00	%		2,126		10.188758		21,661		2.55%		15.70	%
2010		0.20	%		13,233		10.134563		134,111		2.55%		15.47	%
2010		0.25	%		107,781		10.121060		1,090,858		2.55%		15.41	%
2009		0.00	%		94		8.806233		828		4.01%		29.96	%
2009		0.25	%		71,285		8.769590		625,140		4.01%		29.63	%
2008		0.25	%		1,777		6.764989		12,021		3.09%		-32.35	%		5/1/2008
2008		0.40	%		33,939		6.758199		229,367		3.09%		-32.42	%		5/1/2008
VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class (FF40S)
2012		0.00	%		5,672		12.114401		68,713		2.29%		16.88	%
2012		0.20	%		98,529		12.050049		1,187,279		2.29%		16.65	%
2012		0.25	%		154,501		12.034012		1,859,267		2.29%		16.59	%
2011		0.00	%		2,579		10.364685		26,731		2.32%		-4.24	%
2011		0.20	%		65,750		10.330313		679,218		2.32%		-4.43	%
2011		0.25	%		9,719		10.321735		100,317		2.32%		-4.48	%
Franklin Income Securities Fund - Class 2 (FTVIS2)
2012		0.00	%		397,235		14.425332		5,730,247		6.26%		12.65	%
2011		0.00	%		353,498		12.805162		4,526,599		5.79%		2.38	%
2010		0.00	%		339,445		12.507001		4,245,439		6.43%		12.67	%
2009		0.00	%		382,836		11.100337		4,249,609		8.31%		35.59	%
2008		0.00	%		421,586		8.186428		3,451,283		5.51%		-29.66	%
Franklin Rising Dividends Securities Fund - Class 1 (FTVRDI)
2012		0.00	%		689,703		20.165763		13,908,387		1.82%		12.18	%
2011		0.00	%		702,870		17.976970		12,635,473		1.70%		6.29	%
2010		0.00	%		718,728		16.912694		12,155,627		1.78%		20.94	%
2009		0.00	%		724,097		13.984451		10,126,099		1.80%		17.67	%
2008		0.00	%		787,806		11.884088		9,362,356		2.02%		-26.94	%
Franklin Small Cap Value Securities Fund - Class 1 (FTVSVI)
2012		0.00	%		363,138		26.547381		9,640,363		1.03%		18.75	%
2011		0.00	%		428,826		22.355324		9,586,544		0.90%		-3.53	%
2010		0.00	%		510,127		23.172621		11,820,980		0.94%		28.49	%
2009		0.00	%		526,295		18.034685		9,491,565		1.92%		29.54	%
2008		0.00	%		560,057		13.921598		7,796,888		1.42%		-32.87	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
Franklin Small Cap Value Securities Fund - Class 2 (FTVSV2)
2012		0.00	%		34,591	$	16.411795	$	567,700		0.80%		18.39	%
2012		0.10	%		51,113		16.286455		832,450		0.80%		18.27	%
2012		0.20	%		37,175		16.162056		600,824		0.80%		18.15	%
2012		0.25	%		281,916		16.100162		4,538,893		0.80%		18.09	%
2011		0.00	%		26,725		13.862767		370,482		0.69%		-3.76	%
2011		0.10	%		59,250		13.770689		815,913		0.69%		-3.86	%
2011		0.20	%		26,691		13.679206		365,112		0.69%		-3.95	%
2011		0.25	%		271,775		13.633645		3,705,284		0.69%		-4.00	%
2010		0.00	%		15,995		14.404363		230,398		0.72%		28.22	%
2010		0.10	%		54,144		14.322976		775,503		0.72%		28.09	%
2010		0.20	%		33,435		14.242025		476,182		0.72%		27.97	%
2010		0.25	%		326,463		14.201682		4,636,324		0.72%		27.90	%
2009		0.00	%		24,186		11.233980		271,705		1.61%		29.16	%
2009		0.10	%		45,532		11.181660		509,123		1.61%		29.03	%
2009		0.20	%		16,337		11.129584		181,824		1.61%		28.90	%
2009		0.25	%		329,020		11.103596		3,653,305		1.61%		28.83	%
2008		0.00	%		13,222		8.697893		115,004		1.16%		-33.02	%
2008		0.10	%		42,469		8.666053		368,039		1.16%		-33.08	%
2008		0.20	%		2,572		8.634328		22,207		1.16%		-33.15	%
2008		0.25	%		297,041		8.618488		2,560,044		1.16%		-33.18	%
2008		0.40	%		25,833		8.571211		221,420		1.16%		-33.28	%
Mutual Global Discovery Securities Fund - Class 2 (FTVMD2)
2012		0.25	%		13,771		10.767244		148,276		1.98%		13.07	%
2011		0.25	%		21,727		9.522271		206,890		2.22%		-3.20	%
2010		0.20	%		18,111		9.851892		178,428		1.26%		11.73	%
2010		0.25	%		2,598		9.837163		25,557		1.26%		11.68	%
2009		0.20	%		20,621		8.817252		181,821		1.18%		23.07	%
2009		0.25	%		2,879		8.808466		25,360		1.18%		23.01	%
2008		0.20	%		8,713		7.164503		62,424		1.90%		-28.35	%		1/2/2008
2008		0.25	%		795		7.160940		5,693		1.90%		-28.39	%		1/2/2008
Templeton Developing Markets Securities Fund - Class 3 (FTVDM3)
2012		0.00	%		218,972		19.307248		4,227,747		1.42%		13.16	%
2011		0.00	%		262,679		17.062376		4,481,928		0.97%		-15.86	%
2010		0.00	%		278,260		20.278309		5,642,642		1.64%		17.51	%
2009		0.00	%		329,156		17.256364		5,680,036		3.87%		72.63	%
2008		0.00	%		275,997		9.996007		2,758,868		2.81%		-52.67	%
Templeton Foreign Securities Fund - Class 1 (TIF)
2012		0.00	%		58,522		23.263845		1,361,447		3.25%		18.60	%
2011		0.00	%		65,960		19.616024		1,293,873		1.93%		-10.44	%
2010		0.00	%		73,458		21.903633		1,608,997		2.06%		8.67	%
2009		0.00	%		84,266		20.155256		1,698,403		3.77%		37.34	%
2008		0.00	%		99,305		14.675305		1,457,331		2.66%		-40.23	%
Templeton Foreign Securities Fund - Class 2 (TIF2)
2012		0.10	%		66,092		21.271368		1,405,867		3.00%		18.11	%
2012		0.20	%		123,690		21.052856		2,604,028		3.00%		18.00	%
2012		0.25	%		438,755		20.944427		9,189,472		3.00%		17.94	%
2011		0.10	%		85,706		18.009125		1,543,490		1.69%		-10.72	%
2011		0.20	%		145,538		17.842000		2,596,689		1.69%		-10.81	%
2011		0.25	%		405,037		17.759014		7,193,058		1.69%		-10.86	%
2010		0.10	%		76,012		20.172194		1,533,329		1.89%		8.30	%
2010		0.20	%		106,558		20.004971		2,131,690		1.89%		8.19	%
2010		0.25	%		402,163		19.921879		8,011,843		1.89%		8.14	%
2009		0.10	%		184,222		18.626590		3,431,428		3.25%		36.91	%
2009		0.20	%		36,928		18.490649		682,823		3.25%		36.77	%
2009		0.25	%		463,306		18.423035		8,535,503		3.25%		36.70	%
2009		0.40	%		10,145		18.221708		184,859		3.25%		36.50	%
2008		0.10	%		199,971		13.605462		2,720,698		2.30%		-40.44	%
2008		0.20	%		41,270		13.519674		557,957		2.30%		-40.50	%
2008		0.25	%		465,751		13.476974		6,276,914		2.30%		-40.53	%
2008		0.40	%		33,468		13.349706		446,788		2.30%		-40.62	%
Templeton Foreign Securities Fund - Class 3 (TIF3)
2012		0.00	%		366,253		14.829007		5,431,168		2.90%		18.30	%
2011		0.00	%		406,154		12.534749		5,091,038		1.77%		-10.68	%
2010		0.00	%		389,994		14.033220		5,472,872		1.62%		8.41	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
2009		0.00	%		428,311		12.945045		5,544,505		3.55%		37.20	%
2008		0.00	%		502,570		9.435374		4,741,936		2.55%		-40.39	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)
2012		0.00	%		84,202	$	16.765591	$	1,411,696		5.98	%		15.07	%
2012		0.10	%		1,793,425		16.677654		29,910,122		5.98	%		14.95	%
2012		0.20	%		156,660		16.590177		2,599,017		5.98	%		14.84	%
2012		0.25	%		328,747		16.546601		5,439,645		5.98	%		14.78	%
2011		0.00	%		60,786		14.570417		885,677		5.70	%		-0.87	%
2011		0.10	%		1,815,343		14.508523		26,337,946		5.70	%		-0.97	%
2011		0.20	%		410,455		14.446899		5,929,802		5.70	%		-1.07	%
2011		0.25	%		294,980		14.416178		4,252,484		5.70	%		-1.12	%
2010		0.00	%		25,445		14.698405		374,001		0.61	%		14.45	%
2010		0.10	%		1,839,432		14.650582		26,948,749		0.61	%		14.33	%
2010		0.20	%		455,180		14.602909		6,646,952		0.61	%		14.22	%
2010		0.25	%		315,316		14.579135		4,597,035		0.61	%		14.16	%
2009		0.00	%		9,362		12.842917		120,235		16.61	%		18.68	%
2009		0.25	%		189,274		12.770565		2,417,136		16.61	%		18.39	%
2008		0.00	%		1,646		10.821275		17,812		2.99	%		6.21	%
2008		0.25	%		93,179		10.787239		1,005,144		2.99	%		5.94	%
2008		0.40	%		100		10.766879		1,077		2.99	%		5.78	%
Templeton Global Bond Securities Fund - Class 3 (FTVGI3)
2012		0.00	%		606,188		20.367363		12,346,451		6.28	%		15.06	%
2011		0.00	%		614,756		17.701343		10,882,007		5.34	%		-0.83	%
2010		0.00	%		535,857		17.849519		9,564,790		1.48	%		14.38	%
2009		0.00	%		410,243		15.605635		6,402,103		15.12	%		18.69	%
2008		0.00	%		490,278		13.148675		6,446,506		4.25	%		6.21	%
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)
2012		0.00	%		35,375		10.854248		383,969		2.65	%		15.33	%
2011		0.00	%		35,227		9.411247		331,530		0.02	%		-1.54	%
2010		0.00	%		37,961		9.558606		362,854		2.37	%		10.25	%
2009		0.00	%		34,220		8.669683		296,677		3.31	%		30.25	%
2008		0.00	%		17,440		6.656135		116,083		3.75	%		-33.44	%		5/1/2008
Mid Cap Value - Institutional Shares (GVMCE)
2012		0.10	%		112,359		24.867064		2,794,038		1.16	%		18.35	%
2012		0.20	%		461,980		24.611687		11,370,107		1.16	%		18.23	%
2012		0.25	%		1,269,357		24.484957		31,080,152		1.16	%		18.17	%
2011		0.10	%		153,402		21.011696		3,223,236		0.73	%		-6.47	%
2011		0.20	%		514,075		20.816771		10,701,382		0.73	%		-6.56	%
2011		0.25	%		1,416,909		20.719959		29,358,296		0.73	%		-6.61	%
2010		0.10	%		146,239		22.464900		3,285,245		0.65	%		24.88	%
2010		0.20	%		491,175		22.278722		10,942,751		0.65	%		24.75	%
2010		0.25	%		1,651,372		22.186180		36,637,636		0.65	%		24.69	%
2009		0.10	%		117,092		17.989872		2,106,470		1.90	%		33.02	%
2009		0.20	%		732,755		17.858604		13,085,981		1.90	%		32.89	%
2009		0.25	%		1,759,781		17.793307		31,312,324		1.90	%		32.82	%
2009		0.40	%		1,601		17.598827		28,176		1.90	%		32.62	%
2008		0.10	%		128,526		13.524296		1,738,224		0.95	%		-37.11	%
2008		0.20	%		831,665		13.439050		11,176,788		0.95	%		-37.18	%
2008		0.25	%		1,507,852		13.396598		20,200,087		0.95	%		-37.21	%
2008		0.40	%		364,923		13.270057		4,842,549		0.95	%		-37.30	%
VIT Growth Opportunities Fund - Service Shares (GVGOPS)
2012		0.00	%		489		10.529016		5,149		0.00	%		19.43	%
2012		0.20	%		1,279		10.493978		13,422		0.00	%		19.19	%
2012		0.25	%		2,990		10.485241		31,351		0.00	%		19.13	%
2011		0.20	%		125		8.804262		1,101		0.00	%		-11.96	%		5/2/2011
2011		0.25	%		309		8.801350		2,720		0.00	%		-11.99	%		5/2/2011
ClearBridge Variable Small Cap Growth Portfolio - Class I (SBVSG)
2012		0.00	%		10,013		12.701228		127,177		0.55	%		19.43	%
2012		0.20	%		5,439		12.568213		68,359		0.55	%		19.19	%
2012		0.25	%		153,537		12.535151		1,924,609		0.55	%		19.13	%
2011		0.00	%		12,602		10.635081		134,023		0.00	%		1.39	%
2011		0.20	%		1,445		10.544821		15,237		0.00	%		1.18	%
2011		0.25	%		59,758		10.522359		628,795		0.00	%		1.13	%
2010		0.00	%		3,623		10.489595		38,004		0.00	%		25.18	%
2010		0.20	%		129		10.421361		1,344		0.00	%		24.93	%
2010		0.25	%		17,295		10.404348		179,943		0.00	%		24.87	%
2009		0.00	%		92		8.379457		771		0.00	%		42.77	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
2009		0.25	%		32,585		8.332144		271,503		0.00	%		42.42	%
2008		0.00	%		166		5.869001		974		0.00	%		-40.71	%
2008		0.25	%		18,031		5.850489		105,490		0.00	%		-40.86	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
Growth Opportunities Funds - Service Class (BNCAI)
2012		0.00	%		11,944	$	25.626683	$	306,085		1.08%		18.24	%
2012		0.10	%		50,900		25.363489		1,291,002		1.08%		18.12	%
2012		0.20	%		73,243		25.102977		1,838,617		1.08%		18.01	%
2012		0.25	%		268,487		24.973675		6,705,107		1.08%		17.95	%
2011		0.00	%		20,631		21.672931		447,134		0.00%		4.02	%
2011		0.10	%		52,786		21.471853		1,133,413		0.00%		3.92	%
2011		0.20	%		76,933		21.272621		1,636,567		0.00%		3.82	%
2011		0.25	%		337,265		21.173648		7,141,130		0.00%		3.76	%
2010		0.00	%		17,793		20.834594		370,710		0.00%		26.38	%
2010		0.10	%		57,988		20.661902		1,198,142		0.00%		26.26	%
2010		0.20	%		167,060		20.490617		3,423,162		0.00%		26.13	%
2010		0.25	%		387,606		20.405470		7,909,283		0.00%		26.07	%
2009		0.00	%		19,056		16.485275		314,143		0.00%		38.32	%
2009		0.10	%		46,598		16.364975		762,575		0.00%		38.19	%
2009		0.20	%		138,033		16.245528		2,242,419		0.00%		38.05	%
2009		0.25	%		451,652		16.186105		7,310,487		0.00%		37.98	%
2009		0.40	%		566		16.009192		9,061		0.00%		37.77	%
2008		0.00	%		8,641		11.917785		102,982		0.00%		-39.14	%
2008		0.10	%		62,479		11.842641		739,916		0.00%		-39.20	%
2008		0.20	%		120,684		11.767949		1,420,203		0.00%		-39.26	%
2008		0.25	%		360,408		11.730770		4,227,863		0.00%		-39.29	%
2008		0.40	%		95,250		11.619973		1,106,802		0.00%		-39.38	%
Advisers Management Trust - Short Duration Bond Portfolio - I Class Shares (AMTB)
2012		0.00	%		299,031		12.215764		3,652,892		2.92%		4.61	%
2011		0.00	%		328,162		11.677944		3,832,257		3.71%		0.29	%
2010		0.00	%		348,678		11.644307		4,060,114		5.25%		5.28	%
2009		0.00	%		395,794		11.059816		4,377,409		7.00%		13.33	%
2008		0.00	%		417,277		9.759262		4,072,316		3.91%		-13.43	%
Guardian Portfolio - I Class Shares (AMGP)
2012		0.00	%		2		23.661014		47		0.19%		12.73	%
2012		0.10	%		32,886		16.916121		556,304		0.19%		12.61	%
2012		0.25	%		16,445		15.476592		254,513		0.19%		12.44	%
2011		0.00	%		2		20.989829		42		0.48%		-2.94	%
2011		0.10	%		77,560		15.021443		1,165,063		0.48%		-3.04	%
2011		0.25	%		56,791		13.763826		781,661		0.48%		-3.18	%
2010		0.00	%		2		21.625604		43		0.44%		19.01	%
2010		0.10	%		72,597		15.491894		1,124,665		0.44%		18.89	%
2010		0.25	%		52,120		14.216158		740,946		0.44%		18.72	%
2009		0.00	%		2		18.170858		36		0.35%		29.69	%
2009		0.10	%		68,145		13.030029		887,931		0.35%		29.56	%
2009		0.25	%		56,767		11.974954		679,782		0.35%		29.36	%
2008		0.00	%		392,065		14.011166		5,493,288		0.54%		-37.24	%
2008		0.10	%		73,276		10.057230		736,954		0.54%		-37.31	%
2008		0.25	%		86,429		9.256750		800,052		0.54%		-37.40	%
International Portfolio - S Class Shares (AMINS)
2008		0.00	%		248,009		8.019658		1,988,947		0.00%		-46.44	%
Mid-Cap Growth Portfolio - I Class Shares (AMCG)
2012		0.00	%		26		27.326502		710		0.00%		12.41	%
2012		0.10	%		30,281		19.790674		599,281		0.00%		12.30	%
2012		0.20	%		28,206		14.361118		405,070		0.00%		12.19	%
2012		0.25	%		144,932		14.274567		2,068,842		0.00%		12.13	%
2011		0.00	%		26		24.308851		632		0.00%		0.47	%
2011		0.10	%		34,106		17.622859		601,045		0.00%		0.37	%
2011		0.20	%		28,457		12.800871		364,274		0.00%		0.27	%
2011		0.25	%		284,856		12.730096		3,626,244		0.00%		0.22	%
2010		0.10	%		31,209		17.557221		547,943		0.00%		28.97	%
2010		0.20	%		28,698		12.765923		366,356		0.00%		28.84	%
2010		0.25	%		409,150		12.701675		5,196,890		0.00%		28.77	%
2009		0.10	%		74,748		13.613710		1,017,598		0.00%		31.47	%
2009		0.20	%		37,091		9.908467		367,515		0.00%		31.34	%
2009		0.25	%		425,418		9.863529		4,196,123		0.00%		31.27	%
2008		0.00	%		1,241,103		14.241194		17,674,789		0.00%		-43.37	%
2008		0.10	%		457,960		10.355229		4,742,281		0.00%		-43.43	%
2008		0.20	%		43,749		7.544382		330,059		0.00%		-43.48	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
2008		0.25	%		464,312		7.513928		3,488,807		0.00%		-43.51	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)
2012		0.00	%		23,801	$	17.177285	$	408,837		0.37	%		16.60	%
2012		0.10	%		70,527		15.895030		1,121,029		0.37	%		16.48	%
2012		0.20	%		14,947		15.758064		235,536		0.37	%		16.37	%
2012		0.25	%		35,172		15.663052		550,901		0.37	%		16.31	%
2011		0.00	%		67,433		14.731931		993,418		0.00	%		-11.36	%
2011		0.10	%		104,043		13.645891		1,419,759		0.00	%		-11.45	%
2011		0.20	%		10,523		13.541863		142,501		0.00	%		-11.53	%
2011		0.25	%		73,554		13.466974		990,550		0.00	%		-11.58	%
2010		0.00	%		41,486		16.619507		689,477		0.72	%		15.67	%
2010		0.10	%		120,297		15.409693		1,853,740		0.72	%		15.55	%
2010		0.20	%		7,571		15.307500		115,893		0.72	%		15.43	%
2010		0.25	%		90,228		15.230457		1,374,214		0.72	%		15.38	%
2009		0.00	%		13,263		14.368560		190,570		0.68	%		56.07	%
2009		0.10	%		109,951		13.335919		1,466,298		0.68	%		55.92	%
2009		0.25	%		111,841		13.200579		1,476,366		0.68	%		55.68	%
2009		0.40	%		886		12.319713		10,915		0.68	%		55.45	%
2008		0.00	%		772,159		9.206209		7,108,657		0.48	%		-52.39	%
2008		0.10	%		101,292		8.553125		866,363		0.48	%		-52.44	%
2008		0.25	%		26,043		8.479038		220,820		0.48	%		-52.51	%
2008		0.40	%		1,125		7.925107		8,916		0.48	%		-52.58	%
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class I (AMRI)
2012		0.00	%		17,798		11.488526		204,473		0.61	%		15.53	%
2012		0.20	%		18,058		11.336243		204,710		0.61	%		15.30	%
2012		0.25	%		345,057		11.298448		3,898,609		0.61	%		15.24	%
2011		0.00	%		18,864		9.944286		187,589		0.63	%		-6.50	%
2011		0.20	%		18,967		9.832161		186,487		0.63	%		-6.68	%
2011		0.25	%		383,249		9.804295		3,757,486		0.63	%		-6.73	%
2010		0.00	%		26,123		10.635314		277,826		0.77	%		26.18	%
2010		0.20	%		14,683		10.536414		154,706		0.77	%		25.93	%
2010		0.25	%		373,997		10.511809		3,931,385		0.77	%		25.87	%
2009		0.00	%		13,249		8.428473		111,669		1.90	%		46.56	%
2009		0.25	%		342,170		8.351420		2,857,605		1.90	%		46.19	%
2008		0.00	%		23,511		5.750861		135,208		2.92	%		-45.82	%
2008		0.25	%		319,496		5.712555		1,825,138		2.92	%		-45.95	%
2008		0.40	%		10,164		5.689701		57,830		2.92	%		-46.04	%
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)
2008		0.00	%		97,268		7.206627		700,974		0.95	%		-45.95	%
Small-Cap Growth Portfolio - S Class Shares (AMFAS)
2012		0.00	%		46,332		14.677347		680,031		0.00	%		8.82	%
2012		0.10	%		24,811		14.526513		360,417		0.00	%		8.71	%
2012		0.25	%		43,912		14.303271		628,085		0.00	%		8.55	%
2011		0.00	%		72,045		13.487592		971,714		0.00	%		-1.06	%
2011		0.10	%		33,847		13.362369		452,276		0.00	%		-1.16	%
2011		0.25	%		56,153		13.176815		739,918		0.00	%		-1.31	%
2010		0.00	%		64,200		13.632145		875,184		0.00	%		19.61	%
2010		0.10	%		22,218		13.519070		300,367		0.00	%		19.49	%
2010		0.25	%		54,706		13.351308		730,397		0.00	%		19.31	%
2009		0.00	%		70,054		11.397179		798,418		0.00	%		22.75	%
2009		0.10	%		19,428		11.313940		219,807		0.00	%		22.63	%
2009		0.25	%		50,987		11.190284		570,559		0.00	%		22.45	%
2008		0.00	%		74,557		9.284535		692,227		0.00	%		-39.47	%
2008		0.10	%		20,820		9.225949		192,084		0.00	%		-39.53	%
2008		0.25	%		29,832		9.138805		272,629		0.00	%		-39.62	%
2008		0.40	%		480		9.052482		4,345		0.00	%		-39.72	%
Socially Responsive Portfolio - I Class Shares (AMSRS)
2012		0.00	%		122,284		19.276454		2,357,202		0.22	%		10.98	%
2011		0.00	%		149,636		17.369356		2,599,081		0.33	%		-3.08	%
2010		0.00	%		146,450		17.921368		2,624,584		0.04	%		22.85	%
2009		0.00	%		156,920		14.587514		2,289,073		2.13	%		31.43	%
2008		0.00	%		226,546		11.099348		2,514,513		2.16	%		-39.44	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Capital Appreciation Fund/VA - Non-Service Shares (OVGR)
2012		0.00	%		5,166	$	19.748680	$	102,022		0.68	%		14.12	%
2012		0.10	%		176,975		14.683780		2,598,662		0.68	%		14.00	%
2012		0.20	%		230,041		11.357880		2,612,778		0.68	%		13.89	%
2012		0.25	%		1,112,014		11.289439		12,554,014		0.68	%		13.83	%
2011		0.00	%		4,576		17.305412		79,190		0.45	%		-1.15	%
2011		0.10	%		243,193		12.880034		3,132,334		0.45	%		-1.25	%
2011		0.20	%		241,095		9.972672		2,404,361		0.45	%		-1.35	%
2011		0.25	%		1,320,255		9.917548		13,093,692		0.45	%		-1.40	%
2010		0.00	%		5,497		17.506620		96,234		0.19	%		9.42	%
2010		0.10	%		251,170		13.042797		3,275,959		0.19	%		9.31	%
2010		0.20	%		400,167		10.108773		4,045,197		0.19	%		9.20	%
2010		0.25	%		2,685,048		10.057917		27,005,990		0.19	%		9.14	%
2009		0.00	%		2,150,050		15.999951		34,400,695		0.33	%		44.52	%
2009		0.10	%		315,282		11.932216		3,762,013		0.33	%		44.37	%
2009		0.20	%		1,910,067		9.257266		17,681,998		0.33	%		44.23	%
2009		0.25	%		3,390,134		9.215295		31,241,085		0.33	%		44.16	%
2009		0.40	%		11,854		13.161667		156,018		0.33	%		43.94	%
2008		0.00	%		2,357,625		11.071272		26,101,908		0.14	%		-45.52	%
2008		0.10	%		586,696		8.264836		4,848,946		0.14	%		-45.57	%
2008		0.20	%		2,400,370		6.418454		15,406,664		0.14	%		-45.63	%
2008		0.25	%		3,405,107		6.392540		21,767,283		0.14	%		-45.65	%
2008		0.40	%		137,113		9.143789		1,253,732		0.14	%		-45.74	%
Global Securities Fund/VA - Class 3 (OVGS3)
2012		0.00	%		957,445		16.261792		15,569,771		2.16	%		21.23	%
2011		0.00	%		1,097,060		13.414448		14,716,454		1.25	%		-8.27	%
2010		0.00	%		1,191,196		14.623513		17,419,470		1.42	%		15.97	%
2009		0.00	%		1,233,718		12.609317		15,556,341		2.21	%		39.70	%
2008		0.00	%		1,290,636		9.026171		11,649,501		1.57	%		-40.19	%
Global Securities Fund/VA - Non - Service Shares (OVGS)
2012		0.00	%		615,521		17.277884		10,634,900		2.20	%		21.26	%
2012		0.10	%		182,390		17.060376		3,111,642		2.20	%		21.14	%
2012		0.20	%		561,713		16.845594		9,462,389		2.20	%		21.02	%
2012		0.25	%		1,374,849		16.739250		23,013,941		2.20	%		20.96	%
2011		0.00	%		655,037		14.248076		9,333,017		1.28	%		-8.29	%
2011		0.10	%		266,961		14.082821		3,759,564		1.28	%		-8.38	%
2011		0.20	%		588,688		13.919457		8,194,217		1.28	%		-8.47	%
2011		0.25	%		1,532,798		13.838516		21,211,650		1.28	%		-8.52	%
2010		0.00	%		722,666		15.535921		11,227,282		1.44	%		15.96	%
2010		0.10	%		261,739		15.371084		4,023,212		1.44	%		15.85	%
2010		0.20	%		632,553		15.207955		9,619,838		1.44	%		15.73	%
2010		0.25	%		1,773,965		15.127070		26,834,893		1.44	%		15.68	%
2009		0.00	%		848,172		13.397168		11,363,103		2.21	%		39.77	%
2009		0.10	%		263,715		13.268257		3,499,038		2.21	%		39.63	%
2009		0.20	%		671,992		13.140568		8,830,357		2.21	%		39.49	%
2009		0.25	%		1,906,475		13.077210		24,931,374		2.21	%		39.42	%
2009		0.40	%		360		12.888902		4,640		2.21	%		39.21	%
2008		0.00	%		1,018,581		9.585005		9,763,104		1.55	%		-40.19	%
2008		0.10	%		292,991		9.502282		2,784,083		1.55	%		-40.25	%
2008		0.20	%		771,294		9.420249		7,265,782		1.55	%		-40.31	%
2008		0.25	%		1,877,301		9.379518		17,608,179		1.55	%		-40.34	%
2008		0.40	%		134,904		9.258335		1,248,986		1.55	%		-40.43	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Main Street Fund(R)/VA - Non-Service Shares (OVGI)
2012		0.00	%		1,360,860	$	16.035812	$	21,822,495		0.95	%		16.87	%
2012		0.10	%		65,319		14.571543		951,799		0.95	%		16.75	%
2012		0.20	%		104,207		13.756324		1,433,505		0.95	%		16.64	%
2012		0.25	%		143,770		13.673391		1,965,823		0.95	%		16.58	%
2011		0.00	%		1,476,171		13.720956		20,254,477		0.86	%		-0.01	%
2011		0.10	%		78,409		12.480566		978,589		0.86	%		-0.11	%
2011		0.20	%		118,458		11.794128		1,397,109		0.86	%		-0.21	%
2011		0.25	%		149,681		11.728904		1,755,594		0.86	%		-0.26	%
2010		0.00	%		1,678,208		13.722935		23,029,939		1.13	%		16.11	%
2010		0.10	%		66,086		12.494835		825,734		1.13	%		15.99	%
2010		0.20	%		137,581		11.819394		1,626,124		1.13	%		15.88	%
2010		0.25	%		203,050		11.759898		2,387,847		1.13	%		15.82	%
2009		0.00	%		1,878,416		11.819203		22,201,380		1.96	%		28.29	%
2009		0.10	%		84,972		10.772223		915,337		1.96	%		28.16	%
2009		0.20	%		184,538		10.200084		1,882,303		1.96	%		28.03	%
2009		0.25	%		164,327		10.153815		1,668,546		1.96	%		27.97	%
2008		0.00	%		2,155,808		9.213175		19,861,836		1.52	%		-38.47	%
2008		0.10	%		96,686		8.405452		812,690		1.52	%		-38.53	%
2008		0.20	%		127,115		7.966974		1,012,722		1.52	%		-38.59	%
2008		0.25	%		197,165		7.934811		1,564,467		1.52	%		-38.62	%
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)
2012		0.00	%		174,944		25.120110		4,394,613		0.57	%		17.99	%
2011		0.00	%		194,582		21.290587		4,142,765		0.60	%		-2.21	%
2010		0.00	%		216,746		21.772215		4,719,041		0.66	%		23.41	%
2009		0.00	%		247,124		17.642817		4,359,964		0.83	%		37.20	%
2008		0.00	%		239,034		12.859537		3,073,867		0.51	%		-37.83	%
Mid-Cap Growth Fund/VA - Non-Service Shares (OVAG)
2012		0.00	%		1,048,321		17.038569		17,861,890		0.00	%		16.45	%
2012		0.10	%		88,192		13.537746		1,193,921		0.00	%		16.33	%
2012		0.20	%		111,690		9.325083		1,041,519		0.00	%		16.21	%
2012		0.25	%		338,977		9.268905		3,141,946		0.00	%		16.16	%
2011		0.00	%		1,159,802		14.632020		16,970,246		0.00	%		1.10	%
2011		0.10	%		129,990		11.637321		1,512,735		0.00	%		0.99	%
2011		0.20	%		172,529		8.024067		1,384,384		0.00	%		0.89	%
2011		0.25	%		348,755		7.979723		2,782,968		0.00	%		0.84	%
2010		0.00	%		1,279,230		14.473451		18,514,873		0.00	%		27.46	%
2010		0.10	%		120,175		11.522698		1,384,740		0.00	%		27.34	%
2010		0.20	%		109,183		7.952967		868,329		0.00	%		27.21	%
2010		0.25	%		709,237		7.912957		5,612,162		0.00	%		27.15	%
2009		0.00	%		1,391,901		11.354891		15,804,884		0.00	%		32.61	%
2009		0.10	%		205,460		9.048967		1,859,201		0.00	%		32.47	%
2009		0.20	%		105,065		6.251839		656,849		0.00	%		32.34	%
2009		0.25	%		757,963		6.223493		4,717,177		0.00	%		32.28	%
2008		0.00	%		1,511,513		8.562806		12,942,793		0.00	%		-49.07	%
2008		0.10	%		250,167		6.830721		1,708,821		0.00	%		-49.12	%
2008		0.20	%		135,869		4.723995		641,844		0.00	%		-49.17	%
2008		0.25	%		841,598		4.704920		3,959,651		0.00	%		-49.19	%
Global Strategic Income Fund/VA: Non-service Shares (OVSB)
2012		0.00	%		140,055		13.324261		1,866,129		6.52	%		13.53	%
2011		0.20	%		164,077		11.642728		1,910,304		2.76	%		0.65	%
2011		0.25	%		23,951		11.619547		278,300		2.76	%		0.60	%
2010		0.20	%		156,222		11.567209		1,807,053		7.99	%		14.74	%
2010		0.25	%		22,412		11.549930		258,857		7.99	%		14.68	%
2009		0.20	%		152,297		10.081478		1,535,379		0.32	%		18.59	%
2009		0.25	%		21,266		10.071445		214,179		0.32	%		18.53	%
2008		0.20	%		104,885		8.500963		891,624		3.48	%		-14.99	%		1/2/2008
2008		0.25	%		9,576		8.496736		81,365		3.48	%		-15.03	%		1/2/2008

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
All Asset Portfolio - Administrative Class (PMVAAA)
2012		0.00	%		69,786	$	18.335213	$	1,279,541		6.62	%		14.95	%
2012		0.10	%		113,326		18.177131		2,059,942		6.62	%		14.83	%
2012		0.20	%		819,406		18.020366		14,765,996		6.62	%		14.72	%
2012		0.25	%		417,817		17.942540		7,496,698		6.62	%		14.66	%
2011		0.00	%		19,444		15.951200		310,155		7.54	%		1.95	%
2011		0.10	%		94,917		15.829529		1,502,491		7.54	%		1.85	%
2011		0.20	%		10,041		15.708740		157,731		7.54	%		1.75	%
2011		0.25	%		87,183		15.648744		1,364,304		7.54	%		1.70	%
2010		0.00	%		11,713		15.645399		183,255		8.29	%		13.09	%
2010		0.10	%		41,515		15.541558		645,208		8.29	%		12.98	%
2010		0.20	%		6,904		15.438355		106,586		8.29	%		12.87	%
2010		0.25	%		76,310		15.387057		1,174,186		8.29	%		12.81	%
2009		0.00	%		1,575		13.834339		21,789		6.32	%		21.57	%
2009		0.10	%		25,654		13.756266		352,903		6.32	%		21.45	%
2009		0.25	%		35,843		13.639951		488,897		6.32	%		21.27	%
2008		0.00	%		1,313		11.379397		14,941		4.28	%		-15.84	%
2008		0.10	%		15,498		11.326491		175,538		4.28	%		-15.93	%
2008		0.25	%		35,350		11.247576		397,602		4.28	%		-16.05	%
2008		0.40	%		730		11.169222		8,154		4.28	%		-16.18	%
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)
2012		0.00	%		120,480		13.847565		1,668,355		5.68	%		5.50	%
2012		0.20	%		8,978		13.718780		123,167		5.68	%		5.29	%
2012		0.25	%		24,563		13.686738		336,187		5.68	%		5.24	%
2011		0.00	%		171,174		13.125598		2,246,761		2.02	%		8.52	%
2011		0.20	%		6,368		13.029662		82,973		2.02	%		8.31	%
2011		0.25	%		28,274		13.005756		367,725		2.02	%		8.25	%
2010		0.00	%		131,526		12.094751		1,590,774		1.34	%		9.48	%
2010		0.20	%		7,458		12.030347		89,722		1.34	%		9.26	%
2010		0.25	%		20,610		12.014282		247,614		1.34	%		9.21	%
2009		0.00	%		41,010		11.047544		453,060		1.82	%		4.07	%
2009		0.25	%		16,785		11.001548		184,661		1.82	%		3.81	%
Long-Term U.S. Government Portfolio - Administrative Class (PMVLGA)
2012		0.20	%		7,044		14.078727		99,171		2.14	%		4.23	%
2012		0.25	%		22,192		14.059896		312,017		2.14	%		4.18	%
2011		0.20	%		83		13.507707		1,121		2.65	%		27.59	%
2011		0.25	%		30,544		13.496420		412,235		2.65	%		27.52	%
2010		0.00	%		707		10.601417		7,495		0.84	%		6.01	%	4/30/2010
2010		0.25	%		2,990		10.583624		31,645		0.84	%		5.84	%	4/30/2010
Low Duration Portfolio - Administrative Class (PMVLDA)
2012		0.00	%		560,741		15.231801		8,541,095		1.93	%		5.86	%
2012		0.10	%		92,267		15.075249		1,390,948		1.93	%		5.75	%
2012		0.20	%		753,896		14.920147		11,248,239		1.93	%		5.64	%
2012		0.25	%		2,019,223		14.843142		29,971,614		1.93	%		5.59	%
2011		0.00	%		543,092		14.389072		7,814,590		1.68	%		1.11	%
2011		0.10	%		143,040		14.255473		2,039,103		1.68	%		1.01	%
2011		0.20	%		1,287,722		14.122982		18,186,475		1.68	%		0.91	%
2011		0.25	%		2,461,331		14.057158		34,599,319		1.68	%		0.86	%
2010		0.00	%		593,471		14.231338		8,445,886		1.64	%		5.29	%
2010		0.10	%		137,386		14.113277		1,938,967		1.64	%		5.19	%
2010		0.20	%		1,420,531		13.996078		19,881,863		1.64	%		5.08	%
2010		0.25	%		2,948,750		13.937807		41,099,108		1.64	%		5.03	%
2009		0.00	%		298,516		13.516257		4,034,819		3.53	%		13.32	%
2009		0.10	%		109,511		13.417547		1,469,369		3.53	%		13.20	%
2009		0.20	%		1,554,752		13.319459		20,708,456		3.53	%		13.09	%
2009		0.25	%		2,339,252		13.270656		31,043,409		3.53	%		13.03	%
2009		0.40	%		9,468		13.125160		124,269		3.53	%		12.86	%
2008		0.00	%		15,497		11.927738		184,844		4.10	%		-0.45	%
2008		0.10	%		85,251		11.852482		1,010,436		4.10	%		-0.55	%
2008		0.20	%		1,648,644		11.777625		19,417,111		4.10	%		-0.65	%
2008		0.25	%		1,211,549		11.740354		14,224,014		4.10	%		-0.70	%
2008		0.40	%		167,038		11.629122		1,942,505		4.10	%		-0.85	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Real Return Portfolio - Administrative Class (PMVRRA)
2012		0.00	%		209,319	$	20.209690	$	4,230,272		1.08	%		8.75	%
2012		0.10	%		815,660		20.001770		16,314,644		1.08	%		8.65	%
2012		0.20	%		1,601,513		19.795748		31,703,148		1.08	%		8.54	%
2012		0.25	%		3,264,904		19.693483		64,297,331		1.08	%		8.48	%
2011		0.00	%		156,159		18.582806		2,901,872		2.08	%		11.67	%
2011		0.10	%		960,484		18.410083		17,682,590		2.08	%		11.56	%
2011		0.20	%		1,815,470		18.238767		33,111,934		2.08	%		11.45	%
2011		0.25	%		3,258,425		18.153657		59,152,330		2.08	%		11.39	%
2010		0.00	%		46,129		16.641007		767,633		1.44	%		8.11	%
2010		0.10	%		229,063		16.502776		3,780,175		1.44	%		8.00	%
2010		0.20	%		1,617,090		16.365561		26,464,585		1.44	%		7.90	%
2010		0.25	%		3,631,928		16.297330		59,190,729		1.44	%		7.84	%
2009		0.00	%		17,619		15.392452		271,200		3.17	%		18.35	%
2009		0.10	%		171,544		15.279874		2,621,171		3.17	%		18.23	%
2009		0.20	%		1,055,715		15.168007		16,013,093		3.17	%		18.11	%
2009		0.25	%		3,725,567		15.112339		56,302,031		3.17	%		18.05	%
2009		0.40	%		15,809		14.946401		236,288		3.17	%		17.87	%
2008		0.00	%		1,297		13.006263		16,869		3.55	%		-7.02	%
2008		0.10	%		150,898		12.924061		1,950,215		3.55	%		-7.12	%
2008		0.20	%		817,317		12.842295		10,496,226		3.55	%		-7.21	%
2008		0.25	%		2,758,640		12.801575		35,314,937		3.55	%		-7.26	%
2008		0.40	%		953,934		12.680079		12,095,958		3.55	%		-7.40	%
Total Return Portfolio - Administrative Class (PMVTRA)
2012		0.00	%		1,063,702		19.322000		20,552,850		2.57	%		9.60	%
2012		0.10	%		7,558,546		19.123203		144,543,610		2.57	%		9.49	%
2012		0.20	%		5,681,063		18.926252		107,521,230		2.57	%		9.38	%
2012		0.25	%		8,600,586		18.828467		161,935,850		2.57	%		9.33	%
2011		0.00	%		607,433		17.629489		10,708,733		2.62	%		3.60	%
2011		0.10	%		7,698,175		17.465627		134,453,453		2.62	%		3.50	%
2011		0.20	%		5,099,199		17.303112		88,232,011		2.62	%		3.40	%
2011		0.25	%		8,572,880		17.222369		147,645,303		2.62	%		3.35	%
2010		0.00	%		335,164		17.016112		5,703,188		2.37	%		8.11	%
2010		0.10	%		7,893,918		16.874773		133,208,074		2.37	%		8.01	%
2010		0.20	%		4,544,093		16.734465		76,042,965		2.37	%		7.90	%
2010		0.25	%		8,614,973		16.664698		143,565,923		2.37	%		7.84	%
2009		0.00	%		176,178		15.739138		2,772,890		5.33	%		14.03	%
2009		0.10	%		1,021,669		15.624030		15,962,587		5.33	%		13.91	%
2009		0.20	%		4,005,633		15.509642		62,125,934		5.33	%		13.80	%
2009		0.25	%		9,496,915		15.452727		146,753,235		5.33	%		13.74	%
2009		0.40	%		22,586		15.283042		345,183		5.33	%		13.57	%
2008		0.00	%		72,078		13.802824		994,880		4.47	%		4.75	%
2008		0.10	%		1,250,843		13.715592		17,156,052		4.47	%		4.64	%
2008		0.20	%		2,728,440		13.628820		37,185,418		4.47	%		4.54	%
2008		0.25	%		7,835,547		13.585613		106,450,709		4.47	%		4.49	%
2008		0.40	%		621,710		13.456667		8,366,144		4.47	%		4.33	%
Pioneer Emerging Markets VCT Portfolio - Class I Shares (PIVEMI)
2012		0.00	%		86,867		7.594935		659,749		0.49	%		11.97	%
2012		0.20	%		19,785		7.515397		148,692		0.49	%		11.74	%
2012		0.25	%		102,575		7.495622		768,863		0.49	%		11.69	%
2011		0.00	%		107,824		6.783221		731,394		0.27	%		-23.40	%
2011		0.20	%		466		6.725660		3,134		0.27	%		-23.55	%
2011		0.25	%		129,785		6.711325		871,029		0.27	%		-23.59	%
2010		0.00	%		89,814		8.855229		795,324		0.49	%		15.89	%
2010		0.20	%		6,533		8.797643		57,475		0.49	%		15.66	%
2010		0.25	%		131,029		8.783283		1,150,865		0.49	%		15.61	%
2009		0.00	%		38,365		7.640745		293,137		1.20	%		74.64	%
2009		0.25	%		134,639		7.597606		1,022,934		1.20	%		74.21	%
2008		0.00	%		1,435		4.375030		6,278		0.36	%		-58.20	%
2008		0.25	%		32,111		4.361213		140,043		0.36	%		-58.31	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Pioneer High Yield VCT Portfolio - Class I Shares (PIHYB1)
2012		0.00	%		16,595	$	24.339598	$	403,916		5.53	%		16.05	%
2012		0.10	%		43,266		24.089443		1,042,254		5.53	%		15.93	%
2012		0.20	%		103,936		23.841601		2,478,001		5.53	%		15.81	%
2012		0.25	%		156,382		23.718546		3,709,154		5.53	%		15.76	%
2011		0.00	%		12,611		20.973952		264,503		5.26	%		-1.67	%
2011		0.10	%		73,631		20.779227		1,529,995		5.26	%		-1.76	%
2011		0.20	%		166,152		20.586095		3,420,421		5.26	%		-1.86	%
2011		0.25	%		228,056		20.490135		4,672,898		5.26	%		-1.91	%
2010		0.00	%		8,029		21.329223		171,252		5.62	%		18.04	%
2010		0.10	%		65,118		21.152286		1,377,395		5.62	%		17.92	%
2010		0.20	%		264,897		20.976629		5,556,646		5.62	%		17.81	%
2010		0.25	%		266,392		20.889289		5,564,739		5.62	%		17.75	%
2009		0.00	%		6,000		18.069028		108,414		8.34	%		60.49	%
2009		0.10	%		56,238		17.937073		1,008,745		8.34	%		60.33	%
2009		0.20	%		517,292		17.805947		9,210,874		8.34	%		60.17	%
2009		0.25	%		458,604		17.740695		8,135,954		8.34	%		60.09	%
2008		0.00	%		433		11.258511		4,875		8.46	%		-35.43	%
2008		0.10	%		110,077		11.187479		1,231,484		8.46	%		-35.49	%
2008		0.20	%		694,575		11.116824		7,721,468		8.46	%		-35.55	%
2008		0.25	%		254,649		11.081635		2,821,927		8.46	%		-35.59	%
2008		0.40	%		52,370		10.976641		574,847		8.46	%		-35.68	%
Putnam VT Growth and Income Fund - Class IB (PVGIB)
2012		0.00	%		46,906		16.361335		767,445		1.65	%		19.14	%
2011		0.00	%		50,439		13.733218		692,690		1.21	%		-4.64	%
2010		0.00	%		54,238		14.401578		781,113		1.61	%		14.38	%
2009		0.00	%		59,317		12.591298		746,878		2.76	%		29.81	%
2008		0.00	%		63,826		9.699626		619,088		2.04	%		-38.70	%
Putnam VT International Equity Fund - Class IB (PVTIGB)
2012		0.00	%		53,095		17.975464		954,407		2.17	%		21.92	%
2011		0.00	%		59,303		14.744148		874,372		3.34	%		-16.93	%
2010		0.00	%		64,956		17.749703		1,152,950		3.58	%		10.03	%
2009		0.00	%		77,883		16.132414		1,256,441		0.00	%		24.63	%
2008		0.00	%		98,334		12.943794		1,272,815		2.18	%		-43.95	%
Putnam VT Small Cap Value Fund - Class IB (PVTSCB)
2012		0.20	%		170		9.923349		1,687		0.38	%		17.25	%
2012		0.25	%		129		9.897245		1,277		0.38	%		17.19	%
2011		0.00	%		2		8.535717		17		0.48	%		-4.73	%
2011		0.20	%		112		8.463270		948		0.48	%		-4.92	%
2011		0.25	%		1,139		8.445238		9,619		0.48	%		-4.96	%
2010		0.20	%		23		8.900840		205		0.25	%		25.73	%
2010		0.25	%		847		8.886315		7,527		0.25	%		25.67	%
2009		0.25	%		532		7.071223		3,762		1.78	%		31.20	%
2008		0.25	%		65		5.389467		350		0.00	%		-39.51	%
Putnam VT Voyager Fund - Class IB (PVTVB)
2012		0.00	%		66,439		17.127486		1,137,933		0.33	%		14.23	%
2011		0.00	%		103,328		14.994106		1,549,311		0.00	%		-17.85	%
2010		0.00	%		84,002		18.251644		1,533,175		1.31	%		20.80	%
2009		0.00	%		89,306		15.109296		1,349,351		0.69	%		63.90	%
2008		0.00	%		54,796		9.218880		505,158		0.00	%		-37.03	%
Van Kampen V.I. Growth and Income Fund - Series I Shares (ACGI)
2012		0.00	%		3,942		11.605231		45,748		1.77	%		14.63	%
2012		0.20	%		53,399		11.543577		616,415		1.77	%		14.40	%
2012		0.25	%		248,897		11.528209		2,869,337		1.77	%		14.35	%
2011		0.00	%		3,029		10.123727		30,665		1.62	%		-2.01	%
2011		0.20	%		6,745		10.090153		68,058		1.62	%		-2.20	%
2011		0.25	%		167,059		10.081770		1,684,250		1.62	%		-2.25	%
Van Kampen V.I. American Franchise Fund: Series I Shares (ACEG)
2012		0.00	%		82,490		9.750071		804,283		0.00	%		-2.50	%		4/27/2012

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Van Kampen V.I. Value Opportunities Fund: Series I Shares (AVBVI)
2012		0.10	%		26,222	$	15.382303	$	403,355		1.42	%		17.59	%
2012		0.20	%		7,061		15.224250		107,498		1.42	%		17.47	%
2012		0.25	%		11,903		15.145833		180,281		1.42	%		17.41	%
2011		0.10	%		31,813		13.081814		416,172		0.88	%		-3.15	%
2011		0.20	%		10,120		12.960374		131,159		0.88	%		-3.24	%
2011		0.25	%		12,226		12.900080		157,716		0.88	%		-3.29	%
2010		0.10	%		24,967		13.506772		337,224		0.57	%		7.24	%
2010		0.20	%		5,367		13.394748		71,890		0.57	%		7.14	%
2010		0.25	%		18,585		13.339087		247,907		0.57	%		7.08	%
2009		0.10	%		19,823		12.594459		249,660		0.41	%		47.85	%
2009		0.25	%		40,678		12.456759		506,716		0.41	%		47.63	%
2008		0.00	%		322,494		8.572219		2,764,489		0.87	%		-51.77	%
2008		0.10	%		14,438		8.518126		122,985		0.87	%		-51.82	%
2008		0.25	%		65,576		8.437654		553,308		0.87	%		-51.89	%
2008		0.40	%		11,858		8.357923		99,108		0.87	%		-51.96	%
V.I. High Yield Fund - Series I (AVHY1)
2012		0.00	%		44,319		12.568827		557,038		5.34	%		17.17	%
2012		0.20	%		480,979		12.502127		6,013,261		5.34	%		16.94	%
2012		0.25	%		265,785		12.485469		3,318,450		5.34	%		16.88	%
2011		0.00	%		43,041		10.726705		461,688		4.07	%		0.96	%
2011		0.20	%		391,627		10.691182		4,186,956		4.07	%		0.76	%
2011		0.25	%		215,058		10.682283		2,297,310		4.07	%		0.71	%
2010		0.00	%		885		10.624548		9,403		8.17	%		6.25	%		5/3/2010
2010		0.25	%		63,440		10.606962		672,906		8.17	%		6.07	%		5/3/2010
V.I. International Growth Fund - Series I (AVIE)
2012		0.00	%		48,490		20.308142		984,742		1.49	%		15.53	%
2012		0.10	%		81,123		20.132993		1,633,249		1.49	%		15.42	%
2012		0.20	%		840,837		19.959406		16,782,607		1.49	%		15.30	%
2012		0.25	%		1,152,480		19.873147		22,903,404		1.49	%		15.24	%
2011		0.00	%		43,155		17.577932		758,576		1.56	%		-6.74	%
2011		0.10	%		96,833		17.443806		1,689,136		1.56	%		-6.83	%
2011		0.20	%		717,058		17.310748		12,412,810		1.56	%		-6.93	%
2011		0.25	%		1,182,001		17.244564		20,383,092		1.56	%		-6.97	%
2010		0.00	%		39,185		18.848465		738,577		2.26	%		12.86	%
2010		0.10	%		95,102		18.723325		1,780,626		2.26	%		12.75	%
2010		0.20	%		606,955		18.599074		11,288,801		2.26	%		12.64	%
2010		0.25	%		1,385,053		18.537223		25,675,036		2.26	%		12.58	%
2009		0.00	%		34,545		16.700382		576,915		1.69	%		35.24	%
2009		0.10	%		219,927		16.606084		3,652,126		1.69	%		35.11	%
2009		0.20	%		229,555		16.512357		3,790,494		1.69	%		34.97	%
2009		0.25	%		1,521,302		16.465672		25,049,260		1.69	%		34.90	%
2009		0.40	%		2,280		16.326447		37,224		1.69	%		34.70	%
2008		0.00	%		5,516		12.348500		68,114		0.54	%		-40.38	%
2008		0.10	%		207,823		12.291069		2,554,367		0.54	%		-40.44	%
2008		0.20	%		118,867		12.233919		1,454,209		0.54	%		-40.50	%
2008		0.25	%		1,309,467		12.205427		15,982,604		0.54	%		-40.53	%
2008		0.40	%		203,177		12.120383		2,462,583		0.54	%		-40.62	%
Variable Insurance Funds - Invesco V.I. Mid Cap Core Equity - Series I Shares (AVMCCI)
2012		0.00	%		1,022		14.998642		15,329		0.10	%		10.96	%
2012		0.20	%		1,119		14.772087		16,530		0.10	%		10.73	%
2012		0.25	%		64,406		14.745046		949,669		0.10	%		10.68	%
2011		0.00	%		701		13.517743		9,476		0.39	%		-6.38	%
2011		0.20	%		493		13.340285		6,577		0.39	%		-6.56	%
2011		0.25	%		17,689		13.322532		235,662		0.39	%		-6.61	%
2010		0.00	%		547		14.438615		7,898		1.28	%		14.11	%
2010		0.20	%		222		14.277548		3,170		1.28	%		13.88	%
2010		0.25	%		6,608		14.265646		94,267		1.28	%		13.83	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Micro-Cap Portfolio - Investment Class (ROCMC)
2012		0.00	%		67,566	$	26.604902	$	1,797,587		0.00	%		7.60	%
2012		0.10	%		93,666		26.331578		2,466,374		0.00	%		7.50	%
2012		0.20	%		378,057		26.061067		9,852,569		0.00	%		7.39	%
2012		0.25	%		990,487		25.926857		25,680,215		0.00	%		7.34	%
2011		0.00	%		47,676		24.724626		1,178,771		2.44	%		-12.10	%
2011		0.10	%		129,742		24.495169		3,178,052		2.44	%		-12.19	%
2011		0.20	%		504,985		24.267837		12,254,894		2.44	%		-12.28	%
2011		0.25	%		1,255,233		24.154962		30,320,105		2.44	%		-12.32	%
2010		0.00	%		31,852		28.128399		895,946		1.92	%		29.96	%
2010		0.10	%		126,687		27.895201		3,533,959		1.92	%		29.83	%
2010		0.20	%		343,994		27.663928		9,516,225		1.92	%		29.70	%
2010		0.25	%		1,201,054		27.549005		33,087,843		1.92	%		29.64	%
2009		0.00	%		16,000		21.643845		346,302		0.00	%		58.04	%
2009		0.10	%		126,584		21.485855		2,719,765		0.00	%		57.89	%
2009		0.20	%		478,012		21.329008		10,195,522		0.00	%		57.73	%
2009		0.25	%		1,217,957		21.251012		25,882,819		0.00	%		57.65	%
2009		0.40	%		9,307		21.018795		195,622		0.00	%		57.41	%
2008		0.00	%		3,305		13.694894		45,262		2.44	%		-43.27	%
2008		0.10	%		126,086		13.608530		1,715,845		2.44	%		-43.33	%
2008		0.20	%		526,233		13.522698		7,116,090		2.44	%		-43.38	%
2008		0.25	%		1,056,241		13.479984		14,238,112		2.44	%		-43.41	%
2008		0.40	%		243,108		13.352691		3,246,146		2.44	%		-43.50	%
Small-Cap Portfolio - Investment Class (ROCSC)
2012		0.20	%		161,683		12.886131		2,083,468		0.10	%		12.27	%
2012		0.25	%		22,966		12.853991		295,205		0.10	%		12.22	%
2011		0.20	%		179,386		11.477349		2,058,876		0.51	%		-3.48	%
2011		0.25	%		26,186		11.454460		299,946		0.51	%		-3.52	%
2010		0.20	%		24,253		11.890655		288,384		0.13	%		20.28	%
2010		0.25	%		3,479		11.872859		41,306		0.13	%		20.22	%
2009		0.20	%		24,523		9.885736		242,428		0.00	%		34.93	%
2009		0.25	%		3,424		9.875865		33,815		0.00	%		34.86	%
2008		0.20	%		11,031		7.326443		80,818		0.43	%		-26.74	%		1/2/2008
2008		0.25	%		1,007		7.322794		7,374		0.43	%		-26.77	%		1/2/2008
Blue Chip Growth Portfolio - II (TRBCG2)
2010		0.20	%		30,509		12.978284		395,954		0.00	%		15.77	%
2010		0.25	%		4,383		12.941568		56,723		0.00	%		15.71	%
2009		0.00	%		247,600		11.315697		2,801,767		0.00	%		41.79	%
2009		0.20	%		32,437		11.210550		363,637		0.00	%		41.51	%
2009		0.25	%		4,535		11.184427		50,721		0.00	%		41.44	%
2008		0.00	%		273,286		7.980543		2,180,971		0.11	%		-42.65	%
2008		0.20	%		23,532		7.922205		186,425		0.11	%		-42.76	%
2008		0.25	%		2,151		7.907699		17,009		0.11	%		-42.79	%
Equity Income Portfolio - II (TREI2)
2012		0.00	%		86,712		19.528615		1,693,365		1.93	%		16.92	%
2012		0.10	%		120,639		19.328030		2,331,714		1.93	%		16.81	%
2012		0.20	%		731,656		19.129466		13,996,189		1.93	%		16.69	%
2012		0.25	%		1,843,354		19.030987		35,080,846		1.93	%		16.63	%
2011		0.00	%		77,285		16.702169		1,290,827		1.49	%		-1.02	%
2011		0.10	%		170,630		16.547192		2,823,447		1.49	%		-1.12	%
2011		0.20	%		1,220,543		16.393623		20,009,122		1.49	%		-1.22	%
2011		0.25	%		2,081,555		16.317395		33,965,555		1.49	%		-1.27	%
2010		0.00	%		78,807		16.874180		1,329,804		1.59	%		14.74	%
2010		0.10	%		186,234		16.734289		3,116,494		1.59	%		14.63	%
2010		0.20	%		822,711		16.595545		13,653,337		1.59	%		14.51	%
2010		0.25	%		2,576,571		16.526617		42,582,002		1.59	%		14.46	%
2009		0.00	%		348,107		14.706264		5,119,353		1.81	%		25.25	%
2009		0.10	%		153,172		14.598914		2,236,145		1.81	%		25.13	%
2009		0.20	%		1,596,462		14.492354		23,136,492		1.81	%		25.00	%
2009		0.25	%		2,808,807		14.439362		40,557,381		1.81	%		24.94	%
2009		0.40	%		15,065		14.281536		215,151		1.81	%		24.75	%
2008		0.00	%		345,566		11.741384		4,057,423		2.12	%		-36.26	%
2008		0.10	%		166,121		11.667331		1,938,189		2.12	%		-36.33	%
2008		0.20	%		1,762,229		11.593772		20,430,881		2.12	%		-36.39	%
2008		0.25	%		2,240,330		11.557153		25,891,837		2.12	%		-36.42	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
2008		0.40	%		562,661		11.447985		6,441,335		2.12	%		-36.52	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
Health Sciences Portfolio - II (TRHS2)
2012		0.00	%		284,958	$	15.602728	$	4,446,122		0.00%		31.00	%
2012		0.20	%		350,332		15.447653		5,411,807		0.00%		30.74	%
2012		0.25	%		49,763		15.409140		766,805		0.00%		30.67	%
2011		0.00	%		187,535		11.910614		2,233,657		0.00%		10.39	%
2011		0.20	%		267,658		11.815879		3,162,615		0.00%		10.17	%
2011		0.25	%		39,071		11.792318		460,738		0.00%		10.11	%
2010		0.00	%		59,497		10.790053		641,976		0.00%		15.31	%
2010		0.20	%		148,647		10.725614		1,594,330		0.00%		15.08	%
2010		0.25	%		21,321		10.709560		228,339		0.00%		15.02	%
2009		0.20	%		147,391		9.320531		1,373,762		0.00%		31.09	%
2009		0.25	%		20,581		9.311233		191,634		0.00%		31.03	%
2008		0.20	%		163,681		7.109924		1,163,759		0.00%		-28.90	%		1/2/2008
2008		0.25	%		14,944		7.106377		106,198		0.00%		-28.94	%		1/2/2008
Limited-Term Bond Portfolio (TRLT1)
2012		0.00	%		2,310		10.373567		23,963		2.05%		2.47	%
2012		0.20	%		25,459		10.330359		263,001		2.05%		2.27	%
2012		0.25	%		203,070		10.319545		2,095,590		2.05%		2.22	%
2011		0.00	%		1,539		10.123073		15,579		2.33%		1.60	%
2011		0.20	%		12,453		10.101163		125,790		2.33%		1.40	%
2011		0.25	%		25,033		10.095672		252,725		2.33%		1.35	%
Limited-Term Bond Portfolio - II (TRLT2)
2008		0.00	%		177,875		11.230967		1,997,708		3.75%		1.31	%
Mid-Cap Growth Portfolio - II (TRMCG2)
2012		0.10	%		89,523		29.482112		2,639,327		0.00%		13.50	%
2012		0.20	%		171,631		29.179226		5,008,060		0.00%		13.39	%
2012		0.25	%		553,994		29.028993		16,081,888		0.00%		13.33	%
2011		0.10	%		117,041		25.974820		3,040,119		0.00%		-1.62	%
2011		0.20	%		205,268		25.733750		5,282,315		0.00%		-1.72	%
2011		0.25	%		689,988		25.614079		17,673,407		0.00%		-1.77	%
2010		0.10	%		106,889		26.402453		2,822,132		0.00%		27.65	%
2010		0.20	%		157,925		26.183527		4,135,034		0.00%		27.52	%
2010		0.25	%		589,794		26.074777		15,378,747		0.00%		27.46	%
2009		0.10	%		83,827		20.683485		1,733,834		0.00%		45.22	%
2009		0.20	%		266,361		20.532481		5,469,052		0.00%		45.07	%
2009		0.25	%		665,706		20.457409		13,618,620		0.00%		45.00	%
2008		0.10	%		97,962		14.242855		1,395,259		0.00%		-40.00	%
2008		0.20	%		302,266		14.153026		4,277,979		0.00%		-40.06	%
2008		0.25	%		681,051		14.108326		9,608,490		0.00%		-40.09	%
New America Growth Portfolio (TRNAG1)
2012		0.00	%		180,354		17.101805		3,084,379		0.56%		13.12	%
2012		0.10	%		111,088		16.954305		1,883,420		0.56%		13.01	%
2012		0.20	%		373,039		16.808089		6,270,073		0.56%		12.89	%
2012		0.25	%		1,386,355		16.735434		23,201,253		0.56%		12.84	%
2011		0.00	%		105,394		15.118123		1,593,359		0.22%		-1.07	%
2011		0.10	%		110,249		15.002759		1,654,039		0.22%		-1.17	%
2011		0.20	%		247,318		14.888293		3,682,143		0.22%		-1.27	%
2011		0.25	%		1,020,263		14.831357		15,131,885		0.22%		-1.32	%
2010		0.00	%		39,759		15.281652		607,583		0.22%		19.65	%
2010		0.10	%		74,949		15.180193		1,137,740		0.22%		19.53	%
2010		0.20	%		150,190		15.079403		2,264,776		0.22%		19.41	%
2010		0.25	%		1,088,062		15.029245		16,352,750		0.22%		19.35	%
2009		0.00	%		19,557		12.771923		249,780		0.00%		49.76	%
2009		0.10	%		67,015		12.699803		851,077		0.00%		49.62	%
2009		0.20	%		107,004		12.628086		1,351,256		0.00%		49.47	%
2009		0.25	%		875,288		12.592384		11,021,963		0.00%		49.39	%
2009		0.40	%		2,068		12.485874		25,821		0.00%		49.17	%
2008		0.10	%		52,850		8.488305		448,607		0.00%		-38.30	%
2008		0.20	%		83,615		8.448808		706,447		0.00%		-38.37	%
2008		0.25	%		307,465		8.429140		2,591,666		0.00%		-38.40	%
2008		0.40	%		481,319		8.370383		4,028,824		0.00%		-38.49	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Personal Strategy Balanced Portfolio (TRPSB1)
2012		0.00	%		31,059	$	13.173531	$	409,157		1.90	%		15.14	%
2012		0.20	%		28,866		13.013475		375,647		1.90	%		14.91	%
2012		0.25	%		246,963		12.973754		3,204,037		1.90	%		14.86	%
2011		0.00	%		26,377		11.440995		301,779		2.23	%		-0.32	%
2011		0.20	%		4,926		11.324676		55,785		2.23	%		-0.52	%
2011		0.25	%		230,100		11.295758		2,599,154		2.23	%		-0.57	%
2010		0.00	%		22,601		11.478195		259,419		2.69	%		13.71	%
2010		0.20	%		275		11.384193		3,131		2.69	%		13.48	%
2010		0.25	%		108,242		11.360802		1,229,716		2.69	%		13.43	%
2009		0.00	%		2,569		10.094281		25,932		2.19	%		32.12	%
2009		0.25	%		42,706		10.016034		427,745		2.19	%		31.79	%
2008		0.00	%		7,764		7.640233		59,319		2.80	%		-29.88	%
2008		0.25	%		47,397		7.599968		360,216		2.80	%		-30.06	%
2008		0.40	%		143		7.575907		1,083		2.80	%		-30.16	%
Blue Chip Growth Portfolio (TRBCGP)
2012		0.20	%		7,713		10.147317		78,266		0.14	%		1.47	%		11/1/2012
2012		0.25	%		174		10.146488		1,765		0.14	%		1.46	%		11/1/2012
VIP Trust - Emerging Markets Fund: Initial Class (VWEM)
2012		0.00	%		233,193		33.015883		7,699,073		0.00	%		29.81	%
2012		0.10	%		100,026		44.556901		4,456,849		0.00	%		29.68	%
2012		0.20	%		51,472		40.982513		2,109,452		0.00	%		29.55	%
2012		0.25	%		36,430		40.735521		1,483,995		0.00	%		29.48	%
2011		0.00	%		259,894		25.434462		6,610,264		1.02	%		-25.74	%
2011		0.10	%		132,103		34.359714		4,539,021		1.02	%		-25.81	%
2011		0.20	%		61,605		31.635035		1,948,876		1.02	%		-25.89	%
2011		0.25	%		47,069		31.460137		1,480,797		1.02	%		-25.92	%
2010		0.00	%		307,064		34.249232		10,516,706		0.62	%		26.84	%
2010		0.10	%		119,267		46.313968		5,523,728		0.62	%		26.71	%
2010		0.20	%		68,475		42.683992		2,922,786		0.62	%		26.59	%
2010		0.25	%		48,048		42.469224		2,040,561		0.62	%		26.52	%
2009		0.00	%		363,631		27.002169		9,818,826		0.16	%		113.17	%
2009		0.10	%		130,675		36.550513		4,776,238		0.16	%		112.96	%
2009		0.20	%		78,529		33.719407		2,647,951		0.16	%		112.75	%
2009		0.25	%		52,024		33.566508		1,746,264		0.16	%		112.64	%
2008		0.00	%		379,342		12.666688		4,805,007		0.00	%		-64.78	%
2008		0.10	%		96,284		17.162939		1,652,516		0.00	%		-64.81	%
2008		0.20	%		70,043		15.849346		1,110,136		0.00	%		-64.85	%
2008		0.25	%		73,280		15.785351		1,156,751		0.00	%		-64.87	%
VIP Trust - Global Hard Assets Fund: Initial Class (VWHA)
2012		0.00	%		252,881		37.872414		9,577,214		0.60	%		3.39	%
2012		0.10	%		250,656		52.477156		13,153,714		0.60	%		3.28	%
2012		0.20	%		277,367		44.481659		12,337,744		0.60	%		3.18	%
2012		0.25	%		175,480		44.213670		7,758,615		0.60	%		3.13	%
2011		0.00	%		273,569		36.631842		10,021,336		1.14	%		-16.45	%
2011		0.10	%		374,493		50.809106		19,027,655		1.14	%		-16.53	%
2011		0.20	%		260,697		43.110971		11,238,901		1.14	%		-16.62	%
2011		0.25	%		188,442		42.872735		8,079,024		1.14	%		-16.66	%
2010		0.00	%		273,628		43.844278		11,997,022		0.34	%		29.23	%
2010		0.10	%		373,992		60.873685		22,766,271		0.34	%		29.11	%
2010		0.20	%		277,177		51.702291		14,330,686		0.34	%		28.98	%
2010		0.25	%		184,024		51.442267		9,466,612		0.34	%		28.91	%
2009		0.00	%		317,923		33.926069		10,785,878		0.25	%		57.54	%
2009		0.10	%		104,417		47.150241		4,923,287		0.25	%		57.38	%
2009		0.20	%		189,232		40.086483		7,585,645		0.25	%		57.22	%
2009		0.25	%		175,560		39.904798		7,005,686		0.25	%		57.14	%
2009		0.40	%		2,185		32.178659		70,310		0.25	%		56.91	%
2008		0.00	%		387,879		21.535500		8,353,168		0.27	%		-46.12	%
2008		0.10	%		84,350		29.959857		2,527,114		0.27	%		-46.18	%
2008		0.20	%		129,114		25.496953		3,292,014		0.27	%		-46.23	%
2008		0.25	%		133,086		25.394095		3,379,599		0.27	%		-46.26	%
2008		0.40	%		6,726		20.508184		137,938		0.27	%		-46.34	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Vanguard(R) Variable Insurance Funds - Balanced Portfolio (VVB)
2012		0.20	%		325,615	$	12.261822	$	3,992,633		2.42	%		12.34	%
2012		0.25	%		46,252		12.231242		565,719		2.42	%		12.28	%
2011		0.20	%		278,075		10.915265		3,035,262		2.26	%		3.49	%
2011		0.25	%		40,591		10.893500		442,178		2.26	%		3.44	%
2010		0.20	%		159,013		10.546985		1,677,108		2.90	%		10.79	%
2010		0.25	%		22,808		10.531205		240,196		2.90	%		10.74	%
2009		0.20	%		127,334		9.519394		1,212,143		4.83	%		22.66	%
2009		0.25	%		17,780		9.509907		169,086		4.83	%		22.60	%
2008		0.20	%		109,081		7.761012		846,579		0.00	%		-22.39	%		1/2/2008
2008		0.25	%		9,959		7.757156		77,254		0.00	%		-22.43	%		1/2/2008
Vanguard(R) Variable Insurance Funds - Diversified Value Portfolio (VVDV)
2012		0.20	%		1,103,096		10.779851		11,891,211		0.80	%		16.27	%
2012		0.25	%		156,691		10.752951		1,684,891		0.80	%		16.21	%
2011		0.20	%		208,325		9.271686		1,931,524		1.77	%		3.71	%
2011		0.25	%		30,410		9.253188		281,389		1.77	%		3.66	%
2010		0.20	%		166,695		8.939847		1,490,228		2.69	%		9.11	%
2010		0.25	%		23,910		8.926459		213,432		2.69	%		9.06	%
2009		0.20	%		175,071		8.193060		1,434,367		3.85	%		26.67	%
2009		0.25	%		24,446		8.184883		200,088		3.85	%		26.61	%
2008		0.20	%		143,388		6.467982		927,431		0.00	%		-35.32	%		1/2/2008
2008		0.25	%		13,091		6.464759		84,630		0.00	%		-35.35	%		1/2/2008
Vanguard(R) Variable Insurance Funds - International Portfolio (VVI)
2012		0.20	%		412,707		9.419580		3,887,527		2.10	%		19.90	%
2012		0.25	%		58,623		9.396076		550,826		2.10	%		19.84	%
2011		0.20	%		440,376		7.856392		3,459,766		1.43	%		-13.71	%
2011		0.25	%		64,283		7.840712		504,024		1.43	%		-13.75	%
2010		0.20	%		421,970		9.104558		3,841,850		1.67	%		15.49	%
2010		0.25	%		60,536		9.090922		550,328		1.67	%		15.43	%
2009		0.20	%		410,028		7.883310		3,232,378		3.47	%		42.50	%
2009		0.25	%		57,254		7.875437		450,900		3.47	%		42.43	%
2008		0.20	%		356,354		5.532166		1,971,409		0.00	%		-44.68	%		1/2/2008
2008		0.25	%		32,536		5.529407		179,905		0.00	%		-44.71	%		1/2/2008
Vanguard(R) Variable Insurance Funds - Mid-Cap Index Portfolio (VVMCI)
2012		0.20	%		702,845		11.671636		8,203,351		1.08	%		15.58	%
2012		0.25	%		99,836		11.642534		1,162,344		1.08	%		15.53	%
2011		0.20	%		638,998		10.097955		6,452,573		1.09	%		-2.23	%
2011		0.25	%		93,276		10.077827		940,019		1.09	%		-2.28	%
2010		0.20	%		763,575		10.328493		7,886,579		0.86	%		25.12	%
2010		0.25	%		109,541		10.313041		1,129,701		0.86	%		25.06	%
2009		0.20	%		342,621		8.254974		2,828,327		1.64	%		40.09	%
2009		0.25	%		47,841		8.246745		394,533		1.64	%		40.02	%
2008		0.20	%		301,906		5.892524		1,778,988		0.00	%		-41.07	%		1/2/2008
2008		0.25	%		27,909		5.889589		164,373		0.00	%		-41.10	%		1/2/2008
Vanguard(R) Variable Insurance Funds - REIT Index Portfolio (VVREI)
2012		0.20	%		123,184		13.154393		1,620,411		2.07	%		17.22	%
2012		0.25	%		17,472		13.140722		229,595		2.07	%		17.17	%
2011		0.20	%		121,056		11.221552		1,358,436		2.09	%		8.22	%
2011		0.25	%		17,645		11.215498		197,897		2.09	%		8.17	%
2010		0.20	%		176,817		10.369043		1,833,423		0.00	%		3.69	%		12/1/2010
2010		0.25	%		25,325		10.368617		262,585		0.00	%		3.69	%		12/1/2010
Vanguard(R) Variable Insurance Funds - Short-Term Investment-Grade Portfolio (VVSTC)
2012		0.20	%		430,019		12.142003		5,221,292		2.42	%		4.21	%
2012		0.25	%		61,083		12.111704		739,819		2.42	%		4.16	%
2011		0.20	%		340,653		11.651689		3,969,183		3.06	%		1.81	%
2011		0.25	%		49,726		11.628465		578,237		3.06	%		1.76	%
2010		0.20	%		271,236		11.444105		3,104,053		2.88	%		5.01	%
2010		0.25	%		38,912		11.426982		444,647		2.88	%		4.96	%
2009		0.20	%		278,059		10.898210		3,030,345		3.71	%		13.63	%
2009		0.25	%		38,826		10.887347		422,712		3.71	%		13.57	%
2008		0.20	%		223,003		9.590829		2,138,784		0.00	%		-4.09	%		1/2/2008
2008		0.25	%		20,361		9.586056		195,182		0.00	%		-4.14	%		1/2/2008

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
Vanguard(R) Variable Insurance Funds - Total Bond Market Index Portfolio (VVHGB)
2012		0.20	%		576,440	$	11.105835	$	6,401,848		2.82	%		3.82	%
2012		0.25	%		81,762		11.094288		907,091		2.82	%		3.76	%
2011		0.20	%		505,956		10.697615		5,412,522		4.18	%		7.44	%
2011		0.25	%		73,748		10.691844		788,502		4.18	%		7.38	%
2010		0.20	%		719,981		9.957077		7,168,906		0.00	%		-0.43	%		12/1/2010
2010		0.25	%		103,135		9.956666		1,026,881		0.00	%		-0.43	%		12/1/2010
Variable Insurance Portfolios - Asset Strategy (WRASP)
2012		0.00	%		877,374		12.630803		11,081,938		1.12	%		19.18	%
2012		0.20	%		115,705		12.498640		1,446,155		1.12	%		18.94	%
2012		0.25	%		153,873		12.465791		1,918,149		1.12	%		18.88	%
2011		0.00	%		748,836		10.598470		7,936,516		1.05	%		-7.21	%
2011		0.20	%		120,081		10.508616		1,261,885		1.05	%		-7.39	%
2011		0.25	%		183,861		10.486248		1,928,012		1.05	%		-7.44	%
2010		0.00	%		503,668		11.421435		5,752,611		1.09	%		8.67	%
2010		0.20	%		1,589		11.347238		18,031		1.09	%		8.46	%
2010		0.25	%		219,804		11.328745		2,490,103		1.09	%		8.40	%
2009		0.00	%		287,483		10.509760		3,021,377		0.13	%		25.05	%
2009		0.25	%		146,447		10.450534		1,530,449		0.13	%		24.73	%
2008		0.00	%		9,046		8.404777		76,030		1.01	%		-25.79	%
2008		0.25	%		36,675		8.378314		307,275		1.01	%		-25.98	%
2008		0.40	%		795		8.362478		6,648		1.01	%		-26.09	%
Variable Insurance Portfolios - Growth (WRGP)
2012		0.00	%		13,153		16.277308		214,095		0.06	%		12.74	%
2012		0.10	%		42,493		16.152997		686,389		0.06	%		12.63	%
2012		0.20	%		13,236		16.029638		212,168		0.06	%		12.52	%
2012		0.25	%		60,799		15.968332		970,859		0.06	%		12.46	%
2011		0.00	%		14,516		14.437370		209,573		0.43	%		2.12	%
2011		0.10	%		70,006		14.341473		1,003,989		0.43	%		2.02	%
2011		0.20	%		13,379		14.246224		190,600		0.43	%		1.92	%
2011		0.25	%		53,067		14.198847		753,490		0.43	%		1.87	%
2010		0.00	%		10,396		14.137204		146,970		0.58	%		12.58	%
2010		0.10	%		48,419		14.057322		680,641		0.58	%		12.47	%
2010		0.20	%		2,258		13.977904		31,562		0.58	%		12.36	%
2010		0.25	%		43,733		13.938364		609,566		0.58	%		12.30	%
2009		0.00	%		9,754		12.557495		122,486		0.37	%		27.07	%
2009		0.10	%		37,585		12.499017		469,776		0.37	%		26.95	%
2009		0.25	%		28,728		12.411842		356,567		0.37	%		26.76	%
2008		0.10	%		21,448		9.845881		211,174		0.00	%		-36.34	%
2008		0.25	%		42,971		9.791882		420,767		0.00	%		-36.43	%
2008		0.40	%		229		9.738174		2,230		0.00	%		-36.53	%
Variable Insurance Portfolios - High Income (WRHIP)
2012		0.00	%		101,745		10.909915		1,110,029		0.10	%		9.10	%		5/1/2012
2012		0.20	%		903,765		10.895380		9,846,863		0.10	%		8.95	%		5/1/2012
2012		0.25	%		186,961		10.891747		2,036,332		0.10	%		8.92	%		5/1/2012
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)
2012		0.00	%		20,326		10.156251		206,436		0.00	%		1.56	%		5/1/2012
2012		0.20	%		396		10.142723		4,017		0.00	%		1.43	%		5/1/2012
2012		0.25	%		33,681		10.139350		341,503		0.00	%		1.39	%		5/1/2012
Variable Insurance Portfolios - Real Estate Securities (WRRESP)
2012		0.00	%		63,739		15.782147		1,005,938		0.74	%		17.72	%
2012		0.10	%		48,019		15.661595		752,054		0.74	%		17.60	%
2012		0.20	%		18,541		15.541962		288,164		0.74	%		17.48	%
2012		0.25	%		36,559		15.482465		566,023		0.74	%		17.42	%
2011		0.00	%		57,695		13.406856		773,509		0.77	%		5.01	%
2011		0.10	%		63,865		13.317784		850,540		0.77	%		4.90	%
2011		0.20	%		7,016		13.229310		92,817		0.77	%		4.80	%
2011		0.25	%		77,067		13.185267		1,016,149		0.77	%		4.75	%
2010		0.00	%		26,415		12.767438		337,252		2.03	%		28.51	%
2010		0.10	%		27,301		12.695262		346,593		2.03	%		28.38	%
2010		0.20	%		4,295		12.623516		54,218		2.03	%		28.25	%
2010		0.25	%		62,625		12.587772		788,309		2.03	%		28.19	%
2009		0.00	%		10,737		9.935185		106,674		2.78	%		23.62	%
2009		0.10	%		29,857		9.888874		295,252		2.78	%		23.50	%
2009		0.25	%		48,451		9.819846		475,781		2.78	%		23.31	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
2008		0.00	%		193		8.036688		1,551		0.94	%		-36.03	%
2008		0.10	%		25,624		8.007242		205,178		0.94	%		-36.10	%
2008		0.25	%		5,538		7.963301		44,101		0.94	%		-36.20	%
2008		0.40	%		574		7.919581		4,546		0.94	%		-36.29	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
Variable Insurance Portfolios - Science and Technology (WRSTP)
2012		0.00	%		98,424	$	13.167237	$	1,295,972		0.00%		27.83	%
2012		0.20	%		119,331		13.029378		1,554,809		0.00%		27.57	%
2012		0.25	%		151,147		12.995166		1,964,180		0.00%		27.51	%
2011		0.00	%		36,947		10.300580		380,576		0.00%		-5.77	%
2011		0.20	%		76,080		10.213184		777,019		0.00%		-5.96	%
2011		0.25	%		124,700		10.191472		1,270,877		0.00%		-6.00	%
2010		0.00	%		7,021		10.930985		76,746		0.00%		12.75	%
2010		0.20	%		132		10.859919		1,434		0.00%		12.53	%
2010		0.25	%		117,513		10.842237		1,274,104		0.00%		12.47	%
2009		0.00	%		4,290		9.694632		41,590		0.00%		43.84	%
2009		0.25	%		103,724		9.639961		999,895		0.00%		43.48	%
2008		0.00	%		3,163		6.739848		21,318		0.00%		-33.89	%
2008		0.25	%		95,158		6.718607		639,329		0.00%		-34.05	%
2008		0.40	%		609		6.705890		4,084		0.00%		-34.15	%
Advantage VT Discovery Fund (SVDF)
2012		0.00	%		334,846		12.309177		4,121,679		0.00%		17.74	%
2012		0.10	%		27,690		12.244588		339,053		0.00%		17.62	%
2012		0.20	%		227,629		12.180346		2,772,600		0.00%		17.50	%
2012		0.25	%		192,441		12.148301		2,337,831		0.00%		17.44	%
2011		0.00	%		287,967		10.454971		3,010,687		0.00%		0.42	%
2011		0.10	%		29,156		10.410540		303,530		0.00%		0.32	%
2011		0.20	%		755		10.366304		7,827		0.00%		0.22	%
2011		0.25	%		184,638		10.344211		1,909,934		0.00%		0.17	%
2010		0.00	%		229,478		10.410941		2,389,082		0.00%		35.54	%
2010		0.10	%		31,322		10.377053		325,030		0.00%		35.41	%
2010		0.20	%		346		10.343273		3,579		0.00%		35.27	%
2010		0.25	%		147,998		10.326390		1,528,285		0.00%		35.20	%
2009		0.00	%		169,734		7.681010		1,303,729		0.00%		40.30	%
2009		0.10	%		30,327		7.663653		232,416		0.00%		40.16	%
2009		0.25	%		43,498		7.637661		332,223		0.00%		39.95	%
2008		0.00	%		97,543		5.474555		534,005		0.00%		-44.36	%
2008		0.10	%		35,560		5.467646		194,429		0.00%		-44.41	%
2008		0.25	%		42,095		5.457284		229,724		0.00%		-44.50	%
2008		0.40	%		162		5.446950		882		0.00%		-44.58	%
Advantage VT Opportunity Fund - Class 2 (SVOF)
2012		0.00	%		4		17.397601		70		0.09%		15.52	%
2012		0.10	%		98,225		17.178537		1,687,362		0.09%		15.41	%
2012		0.20	%		110,208		16.962265		1,869,377		0.09%		15.29	%
2012		0.25	%		274,874		16.855104		4,633,030		0.09%		15.23	%
2011		0.00	%		4		15.059998		60		0.16%		-5.52	%
2011		0.10	%		132,129		14.885276		1,966,777		0.16%		-5.61	%
2011		0.20	%		106,635		14.712613		1,568,879		0.16%		-5.71	%
2011		0.25	%		312,720		14.626997		4,574,155		0.16%		-5.75	%
2010		0.00	%		4		15.939710		64		0.78%		23.76	%
2010		0.10	%		145,576		15.770532		2,295,811		0.78%		23.63	%
2010		0.20	%		144,720		15.603173		2,258,091		0.78%		23.51	%
2010		0.25	%		279,659		15.520123		4,340,342		0.78%		23.45	%
2009		0.00	%		4		12.880035		52		0.00%		47.74	%
2009		0.10	%		180,073		12.756058		2,297,022		0.00%		47.59	%
2009		0.20	%		162,688		12.633308		2,055,288		0.00%		47.44	%
2009		0.25	%		315,434		12.572347		3,965,746		0.00%		47.37	%
2008		0.00	%		966,983		8.718261		8,430,410		1.86%		-40.10	%
2008		0.10	%		184,457		8.642979		1,594,258		1.86%		-40.16	%
2008		0.20	%		117,180		8.568374		1,004,042		1.86%		-40.22	%
2008		0.25	%		331,868		8.531293		2,831,263		1.86%		-40.25	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)
2012		0.00	%		182,930	$	11.225415	$	2,053,465		0.00%		7.87	%
2012		0.20	%		246,982		11.107878		2,743,446		0.00%		7.66	%
2012		0.25	%		282,624		11.078669		3,131,098		0.00%		7.60	%
2011		0.00	%		220,980		10.406273		2,299,578		0.00%		-4.60	%
2011		0.20	%		240,548		10.317983		2,481,970		0.00%		-4.79	%
2011		0.25	%		506,120		10.296017		5,211,020		0.00%		-4.83	%
2010		0.00	%		207,689		10.907631		2,265,395		0.00%		26.77	%
2010		0.20	%		8,178		10.836693		88,622		0.00%		26.52	%
2010		0.25	%		412,207		10.819018		4,459,675		0.00%		26.46	%
2009		0.00	%		135,128		8.604153		1,162,662		0.00%		52.64	%
2009		0.25	%		298,197		8.555599		2,551,254		0.00%		52.26	%
2008		0.00	%		3,856		5.636741		21,735		0.00%		-41.42	%
2008		0.25	%		125,618		5.618956		705,842		0.00%		-41.57	%
2008		0.40	%		1,113		5.608316		6,242		0.00%		-41.66	%
Janus Aspen Series - Global Technology Portfolio - Service II Shares (obsolete) (JAGTS2)
2011		0.00	%		189,756		10.352942		1,964,533		0.00%		-8.81	%
2010		0.00	%		151,587		11.352948		1,720,959		0.00%		13.53	%		5/3/2010
Janus Aspen Series - Overseas Portfolio - Service II Shares (obsolete) (JAIGS2)
2011		0.00	%		1,571,373		10.783470		16,944,854		0.38%		-32.33	%
2010		0.00	%		1,903,372		15.936367		30,332,835		0.54%		25.03	%
2009		0.00	%		1,868,731		12.746144		23,819,114		0.43%		79.07	%
2008		0.00	%		1,692,770		7.117893		12,048,956		2.73%		-52.21	%
V.I. Capital Appreciation Fund - Series I (obsolete) (AVCA)
2011		0.00	%		63,786		12.681863		808,925		0.16%		-7.91	%
2010		0.00	%		69,399		13.771185		955,706		0.73%		15.49	%
2009		0.00	%		77,637		11.924271		925,765		0.59%		21.08	%
2008		0.00	%		73,269		9.848393		721,582		0.00%		-42.49	%
V.I. Capital Development Fund - Series I (obsolete) (AVCDI)
2011		0.00	%		128,974		18.079131		2,331,738		0.00%		-7.16	%
2011		0.10	%		16,279		17.911321		291,578		0.00%		-7.25	%
2011		0.20	%		6,516		17.745096		115,627		0.00%		-7.34	%
2011		0.25	%		63,941		17.662531		1,129,360		0.00%		-7.39	%
2010		0.00	%		137,618		19.473180		2,679,860		0.00%		18.78	%
2010		0.10	%		17,428		19.311717		336,565		0.00%		18.66	%
2010		0.20	%		74,958		19.151595		1,435,565		0.00%		18.54	%
2010		0.25	%		259,349		19.072022		4,946,310		0.00%		18.48	%
2009		0.00	%		164,731		16.394648		2,700,707		0.00%		42.37	%
2009		0.10	%		15,032		16.274948		244,645		0.00%		42.23	%
2009		0.20	%		59,711		16.156149		964,700		0.00%		42.09	%
2009		0.25	%		303,416		16.097055		4,884,104		0.00%		42.02	%
2009		0.40	%		535		15.921111		8,518		0.00%		41.80	%
2008		0.00	%		186,381		11.515462		2,146,263		0.00%		-47.03	%
2008		0.10	%		18,486		11.442826		211,532		0.00%		-47.08	%
2008		0.20	%		60,947		11.370648		693,007		0.00%		-47.13	%
2008		0.25	%		249,314		11.334726		2,825,906		0.00%		-47.16	%
2008		0.40	%		60,293		11.227657		676,949		0.00%		-47.24	%
AllianceBernstein NVIT Global Fixed Income Fund - Class III (obsolete) (NVAGF3)
2010		0.00	%		31,818		12.359941		393,269		5.84%		8.24	%
2009		0.00	%		23,143		11.419071		264,272		5.26%		14.19	%		5/1/2009
Clover Value Fund II - Primary Shares (obsolete) (FALF)
2009		0.00	%		15,949		11.641309		185,667		2.79%		14.72	%
2008		0.00	%		18,003		10.147874		182,692		1.86%		-33.79	%
Credit Suisse Trust - International Equity Flex III Portfolio (obsolete) (CSIEF3)
2010		0.00	%		27,195		11.345188		308,532		0.11%		12.23	%
2010		0.10	%		59,479		11.333247		674,090		0.11%		12.12	%
2010		0.25	%		2,673		11.315359		30,246		0.11%		11.95	%
2009		0.00	%		28,749		10.108851		290,619		0.00%		1.09	%		12/11/2009
2009		0.10	%		11,666		10.108299		117,923		0.00%		1.08	%		12/11/2009
2009		0.25	%		5,543		10.107469		56,026		0.00%		1.07	%		12/11/2009
Gartmore NVIT Global Utilities Fund - Class I (obsolete) (GVGU1)
2009		0.00	%		91,226		17.873386		1,630,518		3.96%		8.01	%
2009		0.10	%		30,519		17.736871		541,312		3.96%		7.90	%
2009		0.25	%		35,222		17.534069		617,585		3.96%		7.74	%
2008		0.00	%		121,284		16.548066		2,007,016		3.05%		-32.94	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
2008		0.10	%		36,003		16.438112		591,821		3.05%		-33.01	%
2008		0.25	%		32,066		16.274553		521,860		3.05%		-33.11	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**			Total Return***			Inception Date****
NVIT Worldwide Leaders Fund - Class I (obsolete) (GEF)
2010		0.00	%		195,615	$	17.098317	$	3,344,687		1.02	%		11.46	%
2010		0.10	%		45,228		13.742313		621,537		1.02	%		11.35	%
2010		0.20	%		2,064		13.468298		27,799		1.02	%		11.24	%
2010		0.25	%		14,874		13.400531		199,319		1.02	%		11.18	%
2009		0.00	%		206,712		15.340444		3,171,054		1.06	%		25.00	%
2009		0.10	%		47,322		12.341792		584,038		1.06	%		24.88	%
2009		0.25	%		13,605		12.052893		163,980		1.06	%		24.69	%
2008		0.00	%		216,990		12.271930		2,662,886		0.73	%		-44.34	%
2008		0.10	%		54,435		9.882968		537,979		0.73	%		-44.40	%
2008		0.25	%		13,713		9.666117		132,551		0.73	%		-44.48	%
NVIT Worldwide Leaders Fund - Class III (obsolete) (GEF3)
2010		0.00	%		264		14.935320		3,943		0.79	%		11.36	%
2009		0.00	%		1,087		13.411529		14,578		1.12	%		34.12	%		5/1/2009
High Income Fund/VA - Class 3 (obsolete) (OVHI3)
2011		0.00	%		477,390		2.908819		1,388,641		8.67	%		-1.88	%
2010		0.00	%		458,373		2.964546		1,358,868		5.86	%		14.68	%
2009		0.00	%		380,539		2.584961		983,678		0.00	%		26.75	%
2008		0.00	%		237,435		2.039384		484,221		5.39	%		-78.89	%
High Income Fund/VA - Non-Service Shares (obsolete) (OVHI)
2011		0.00	%		68,934		4.084054		281,530		9.52	%		-2.34	%
2010		0.00	%		90,495		4.181802		378,432		6.48	%		14.81	%
2009		0.00	%		111,867		3.642267		407,449		0.00	%		25.32	%
2008		0.00	%		147,777		2.906468		429,509		8.17	%		-78.67	%
Insurance Trust - Insurance Trust Diversified Mid Cap Value Portfolio 1 (obsolete) (OGMVP)
2008		0.10	%		4,372		12.612983		55,144		1.51	%		-35.55	%
2008		0.20	%		6,347		12.533943		79,553		1.51	%		-35.61	%
International Equity Flex I Portfolio (obsolete) (WIEP)
2009		0.00	%		93		13.330928		1,240		0.66	%		22.20	%
2008		0.00	%		96,326		10.909328		1,050,852		1.75	%		-41.03	%
2008		0.25	%		9,109		9.166659		83,499		1.75	%		-41.18	%
International Equity Flex II Portfolio (obsolete) (WVCP)
2009		0.00	%		20		10.138334		203		2.62	%		30.47	%
2008		0.00	%		33,935		7.770427		263,689		1.69	%		-46.75	%
2008		0.25	%		5,184		5.551756		28,780		1.69	%		-46.89	%
J.P. Morgan NVIT Balanced Fund - Class I (obsolete) (BF)
2008		0.00	%		757,878		10.568294		8,009,478		2.70	%		-25.55	%
2008		0.10	%		48,246		9.589808		462,670		2.70	%		-25.62	%
2008		0.20	%		104,098		9.695696		1,009,303		2.70	%		-25.70	%
2008		0.25	%		108,297		9.656587		1,045,779		2.70	%		-25.73	%
INTECH Risk-Managed Core Portfolio - Service Shares (obsolete) (JARLCS)
2008		0.00	%		33,622		12.013653		403,923		0.75	%		-36.24	%
Market Opportunity Fund II - Service Shares (obsolete) (FVMOS)
2009		0.00	%		71,443		10.283025		734,650		1.47	%		1.28	%
2008		0.00	%		76,516		10.152569		776,834		1.01	%		-0.86	%
NVIT Global Financial Services Fund - Class I (obsolete) (GVGF1)
2009		0.00	%		81,891		13.889643		1,137,437		1.15	%		31.75	%
2009		0.10	%		49,431		13.783502		681,332		1.15	%		31.62	%
2009		0.25	%		26,749		13.625762		364,476		1.15	%		31.42	%
2008		0.00	%		94,761		10.542078		998,978		1.83	%		-46.27	%
2008		0.10	%		40,964		10.471992		428,975		1.83	%		-46.33	%
2008		0.25	%		36,230		10.367711		375,622		1.83	%		-46.41	%
NVIT Health Sciences Fund - Class I (obsolete) (GVGH1)
2009		0.00	%		62,420		13.810897		862,076		0.29	%		19.16	%
2009		0.10	%		90,762		13.705345		1,243,925		0.29	%		19.04	%
2009		0.25	%		57,752		13.548576		782,457		0.29	%		18.87	%
2008		0.00	%		84,235		11.589966		976,281		0.26	%		-25.21	%
2008		0.10	%		81,523		11.512893		938,566		0.26	%		-25.29	%
2008		0.25	%		59,035		11.398285		672,898		0.26	%		-25.40	%
2008		0.40	%		207		11.284830		2,336		0.26	%		-25.51	%
NVIT Health Sciences Fund - Class III (obsolete) (GVGHS)
2009		0.00	%		222,948		11.124833		2,480,259		0.28	%		19.11	%
2008		0.00	%		260,983		9.339799		2,437,529		0.29	%		-25.23	%

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012


	Contract Expense Rate*			Units		Unit Fair Value		Contract Owners’ Equity		Investment Income Ratio**		Total Return***			Inception Date****
NVIT Leaders Fund - Class I (obsolete) (GVUS1)
2009		0.00	%		46,260	$	12.049802	$	557,424		0.84%		33.79	%
2009		0.10	%		40,684		11.957718		486,488		0.84%		33.65	%
2008		0.00	%		67,331		9.006647		606,427		0.76%		-49.91	%
2008		0.10	%		42,776		8.946759		382,707		0.76%		-49.96	%
2008		0.25	%		132		8.857680		1,169		0.76%		-50.03	%
NVIT Mid Cap Growth Fund - Class I (obsolete) (SGRF)
2008		0.00	%		749,875		9.006596		6,753,821		0.00%		-46.11	%
2008		0.10	%		137,374		6.935563		952,766		0.00%		-46.17	%
2008		0.25	%		42,806		5.588576		239,225		0.00%		-46.25	%
NVIT Technology & Communications Fund - Class I (obsolete) (GGTC)
2009		0.00	%		235,876		3.325931		784,507		0.00%		52.47	%
2009		0.10	%		226,699		3.295310		747,043		0.00%		52.31	%
2009		0.20	%		371,260		3.264934		1,212,139		0.00%		52.16	%
2009		0.25	%		481,326		3.249860		1,564,242		0.00%		52.09	%
2008		0.00	%		286,434		2.181418		624,832		0.00%		-48.57	%
2008		0.10	%		259,568		2.163493		561,574		0.00%		-48.62	%
2008		0.20	%		338,127		2.145696		725,518		0.00%		-48.67	%
2008		0.25	%		424,273		2.136859		906,612		0.00%		-48.70	%
2008		0.40	%		3,131		2.110566		6,608		0.00%		-48.78	%
NVIT Technology & Communications Fund - Class III (obsolete) (GGTC3)
2009		0.00	%		200,315		12.888766		2,581,813		0.00%		52.44	%
2008		0.00	%		177,753		8.454726		1,502,853		0.00%		-48.59	%
NVIT U.S. Growth Leaders Fund - Class I (obsolete) (GVUG1)
2009		0.00	%		134,485		14.212216		1,911,330		0.00%		25.84	%
2009		0.10	%		56,812		14.103668		801,258		0.00%		25.71	%
2008		0.00	%		204,284		11.293974		2,307,178		0.00%		-41.29	%
2008		0.10	%		75,068		11.218926		842,182		0.00%		-41.35	%
2008		0.25	%		68,398		11.107192		759,710		0.00%		-41.44	%
Putnam VT OTC & Emerging Growth Fund - IB Shares (obsolete) (PVOEGB)
2008		0.20	%		5,847		5.470558		31,986		0.00%		-45.29	%		1/2/2008
2008		0.25	%		533		5.467827		2,914		0.00%		-45.32	%		1/2/2008
Putnam VT Vista Fund - IB Shares (obsolete) (PVVIB)
2009		0.20	%		5,870		13.767109		80,813		0.00%		37.67	%		2/6/2009
2009		0.25	%		797		14.151257		11,279		0.00%		41.51	%		2/13/2009
U.S. Equity Flex I Portfolio (obsolete) (WSCP)
2010		0.00	%		91,046		12.448619		1,133,397		0.26%		14.46	%
2009		0.00	%		100,191		10.876108		1,089,688		0.00%		8.76	%		10/2/2009
U.S. Equity Flex II Portfolio (obsolete) (WGIP)
2008		0.00	%		72,061		11.767861		848,004		3.07%		-36.19	%
2008		0.10	%		11,493		10.447694		120,075		3.07%		-36.25	%
Variable Series II - Strategic Value VIP - Class B (obsolete) (SVSHEB)
2010		0.20	%		8,894		8.241888		73,303		1.79%		11.91	%
2010		0.25	%		15,449		8.222631		127,031		1.79%		11.85	%
2009		0.25	%		68,810		7.351304		505,843		4.46%		24.63	%
2008		0.25	%		88,068		5.898673		519,484		2.32%		-46.29	%
2008		0.40	%		6,289		5.875072		36,948		2.32%		-46.38	%
2012		Contract owners equity:						$	4,083,042,311
2011		Contract owners equity:						$	3,792,718,355
2010		Contract owners equity:						$	4,097,345,784
2009		Contract owners equity:						$	3,763,821,378
2008		Contract owners equity:						$	3,233,903,295


*		This represents the annual contract expense rate 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 contract owner 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 for the period. The total returns do not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return is not annualized if the underlying mutual fund option is initially offered, funded, or both during the period presented.

(Continued)

NATIONWIDE VLI SEPARATE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS

December 31, 2012

Contract
Expense
Rate*

Units

Unit
Fair
Value

Contract
Owners’
Equity

Investment
Income
Ratio**

Total
Return***

Inception
Date****


****		This represents the date the underlying mutual fund option was initially added and funded.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘N-30D/A’ Filing	Date	Other Filings

Filed on / Effective on:	3/27/13
	3/13/13	N-30D
For Period End:	12/31/12	24F-2NT, N-30D, NSAR-U
	12/31/11	24F-2NT, N-30D, NSAR-U
	1/2/10
	1/1/09
	12/3/97
		List all Filings

↑Top

Filing Submission 0001193125-13-129268 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Nationwide Vli Separate Account 4 – ‘N-30D/A’ for 12/31/12

On: Wednesday, 3/27/13, at 3:47pm ET · Effective: 3/27/13 · For: 12/31/12 · Accession #: 1193125-13-129268 · File #: 811-08301

Previous ‘N-30D’: ‘N-30D’ on 3/14/13 for 12/31/12 · Next: ‘N-30D’ on 3/13/14 for 12/31/13 · Latest: ‘N-30D’ on 3/19/18 for 12/31/17

Amendment to Annual or Semi-Annual Report Mailed to Shareholders — Rule 30d-1Filing Table of Contents

This is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to Annual or Semi-Annual Report Mailed to Shareholders — Rule 30d-1
Filing Table of Contents