NATIONWIDE FINANCIAL SERVICES INC/ - FORM 8-K - EX-99.1 - NFS STATISTICAL SUPPLEMENT FOR THE QUARTER ENDED SEPTEMBER 30, 2009

Attached files

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8-K - CURRENT REPORT - NATIONWIDE FINANCIAL SERVICES INC/	d8k.htm

Exhibit 99.1

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Table of Contents


		Page

Quarterly Financial Highlights		1-2

NFS Financial Reporting Structure		2

Quarterly Consolidated Income Statements		4

Combining Income Statements
For the three months ended September 30, 2009		5
For the three months ended September 30, 2008		6

Quarterly Consolidated Balance Sheets		8

Individual Investments Segment
Quarterly earnings trends		9
Account value activity		9
Account values by product		10
New and renewal production premiums and deposits by product		10
New and renewal production premiums and deposits by channel		10

Retirement Plans Segment
Quarterly earnings trends		11
Account value activity		11
Account values by product		12
New and renewal production premiums and deposits by product		12
New and renewal production premiums and deposits by channel		12

Individual Protection Segment
Quarterly earnings trends		13
Policy reserves		13
Insurance in force		13
New and renewal production premiums and deposits by product		14
New and renewal production premiums and deposits by channel		14
Investment life quarterly earnings trends		15
Investment life policy reserve activity		15
Fixed life quarterly earnings trends		16
Fixed life policy reserve activity		16

Corporate and Other Segment
Quarterly earnings trends		17
Nationwide Bank and Medium Term Notes Key Ratios and Statistics		17
Account value activity		17

Other Data
Customer funds managed and administered		18
Separate account assets by segment and fund type		18
Securities available-for-sale		19
Aging of gross unrealized losses on securities available-for-sale		19
Credit quality of fixed maturity securities available-for-sale		20
Mortgage loans by region and property type		20
Deferred policy acquisition costs		21
Value of business acquired		22
Individual variable annuity guaranteed minimum death benefits		23
Individual variable annuity guaranteed minimum accumulation benefits		24
Individual variable annuity guaranteed minimum income benefits		24
Individual variable annuity guaranteed lifetime withdrawal benefits		26
Individual variable annuity guaranteed minimum death benefit reserve activity		26
Individual fixed annuity and fixed option of variable annuity summary of crediting rate detail		26

Historical Data		27-42

Glossary		43-46

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Quarterly Financial Highlights


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Operating Revenues
Individual investments	$	314.5	$	401.8	$	364.8	$	193.2	$	251.9
Retirement plans		275.0		256.2		247.4		276.4		267.7
Individual protection		346.3		359.6		349.6		368.0		351.8
Corporate and other		82.7		19.6		102.3		109.9		106.3

Total operating revenues	$	1,018.5	$	1,037.2	$	1,064.1	$	947.5	$	977.7

Net realized investment gains/(losses) ⁽¹⁾		(533.9)		(811.0)		(38.4)		219.1		(202.9)

Total revenues	$	484.6	$	226.2	$	1,025.7	$	1,166.6	$	774.8


Pre-tax Operating Earnings (Loss)
Individual investments	$	(120.7)	$	(209.7)	$	16.8	$	9.9	$	26.8
Retirement plans		55.3		37.4		33.3		48.8		51.8
Individual protection		72.2		41.0		61.0		12.6		56.4
Corporate and other		(50.4)		(129.4)		(4.4)		8.8		(1.3)

Pre-tax operating earnings (loss)	$	(43.6)	$	(260.7)	$	106.7	$	80.1	$	133.7
Federal income tax expense		(21.8)		(109.0)		26.6		0.9		16.1

Net operating earnings (loss)	$	(21.8)	$	(151.7)	$	80.1	$	79.2	$	117.6

Net realized investment gains/(losses), net of taxes⁽²⁾		(315.4)		(476.6)		(187.5)		126.6		(134.8)

Discontinued operations, net of taxes		(9.2)		(4.2)		-		-		-

Net income (loss)	$	(346.4)	$	(632.5)	$	(107.4)	$	205.8	$	(17.2)


New and Renewal Production Premiums and Deposits by Channel
Non-affiliated
Independent broker/dealers	$	1,291.1	$	1,277.9	$	1,326.9	$	1,264.7	$	1,229.6
Financial institutions		462.5		759.1		544.4		645.6		503.5
Wirehouse and regional firms		522.2		561.9		552.4		527.8		525.2
Pension plan administrators		109.1		129.3		99.9		78.0		97.9
Life specialists		47.2		105.5		112.1		73.1		60.9
Affiliated
Nationwide Retirement Solutions		1,135.6		1,099.0		1,072.2		1,054.0		1,073.1
Nationwide Financial Network		302.0		318.0		281.6		265.1		244.6
Mullin TBG		22.4		15.7		-		-		-

Total	$	3,892.1	$	4,266.4	$	3,989.5	$	3,908.3	$	3,734.8

⁽¹⁾	Excluding operating items (periodic net amounts paid or received on interest rate swaps that do not qualify for hedge accounting treatment, trading portfolio realized gains and losses, trading portfolio valuation changes, and net realized gains and losses related to securitizations).

⁽²⁾

Excluding operating items (periodic net amounts paid or received on interest rate swaps that do not qualify for hedge accounting treatment, trading portfolio realized gains and losses, trading portfolio valuation changes, and net realized gains and losses related to securitizations), and net of adjustment to amortization related to net realized gains/(losses).

Note: The results of operations of TBG Financial are reflected as discontinued operations for 2008 and all prior years.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Quarterly Financial Highlights


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Balance Sheet Data
Total assets	$	102,296.7	$	94,472.6	$	91,134.4	$	96,034.9	$	102,155.3

Customer funds managed and administered	$	140,882.5	$	126,925.8	$	122,321.5	$	132,249.6	$	143,323.3

Total equity
Including accumulated other comprehensive income (AOCI) ⁽¹⁾ and noncontrolling interest (NCI)	$	4,662.2	$	3,474.8	$	3,448.3	$	4,193.7	$	4,920.8
AOCI		(844.4)		(1,370.8)		(1,545.5)		(992.1)		(233.4)
NCI		450.6		416.6		405.0		390.8		376.6

Excluding AOCI and NCI	$	5,056.0	$	4,429.0	$	4,588.8	$	4,795.0	$	4,777.6

Net operating return on average equity excluding AOCI and NCI		(1.7%)		(12.8%)		7.1%		6.8%		9.8%

Statutory capital and surplus	$	2,825.8	$	2,749.9	$	2,429.5	$	2,919.5	$	2,860.8

⁽¹⁾	Includes changes in fair value of certain investments and derivatives under SFAS 115 and SFAS 133.

Note: The results of operations of TBG Financial are reflected as discontinued operations for 2008 and all prior years.

NFS Operating Segment Reporting Structure

LOGO

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

This Page Intentionally Left Blank.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Quarterly Consolidated Income Statements


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Operating Revenues
Asset fees	$	174.3	$	131.3	$	120.9	$	140.6	$	141.7
Cost of insurance charges		113.4		115.6		118.2		117.6		117.6
Administrative fees		33.1		35.0		29.1		46.6		38.0
Surrender fees		16.0		22.3		18.1		14.6		13.4

Total policy charges		336.8		304.2		286.3		319.4		310.7

Premiums		89.8		113.6		118.1		127.8		119.6
Net investment income		480.8		459.5		484.7		514.5		513.3
Operating realized gains (losses)		(21.2)		49.0		76.6		(118.5)		(84.5)
Other income		132.3		110.9		98.4		104.3		118.6

Total operating revenues		1,018.5		1,037.2		1,064.1		947.5		977.7

Benefits
Interest credited to policyholder accounts		300.8		303.3		282.6		293.3		284.2
Life insurance and annuity benefits		188.1		336.9		299.5		135.1		157.9
Policyholder dividends		23.7		21.1		21.4		23.5		22.4

Total benefits		512.6		661.3		603.5		451.9		464.5

Expenses
Commissions		154.0		159.4		134.4		147.3		143.9
General operating expenses		219.5		287.5		232.4		215.4		225.7
Deferral of policy acquisition costs		(128.6)		(146.4)		(123.4)		(132.4)		(121.1)

Subtotal		244.9		300.5		243.4		230.3		248.5

Amortization of policy acquisition costs		268.9		300.2		77.6		138.1		93.2
Amortization of VOBA and other intangible assets		9.6		10.0		6.9		21.3		12.1
Interest expense		26.1		25.9		26.0		25.8		25.7

Total expenses		549.5		636.6		353.9		415.5		379.5


Pre-tax operating earnings (loss)	$	(43.6)	$	(260.7)	$	106.7	$	80.1	$	133.7
Federal income tax expense		(21.8)		(109.0)		26.6		0.9		16.1

Net operating earnings (loss)	$	(21.8)	$	(151.7)	$	80.1	$	79.2	$	117.6

Net realized investment gains/(losses), net of taxes ⁽¹⁾
Realized gains/(losses) on sales, net of hedging		(17.2)		1.2		17.0		18.5		(1.6)
Other-than-temporary impairments, including mortgage loan valuation allowance adjustment		(257.8)		(367.8)		(212.5)		(25.3)		(96.9)
Credit default swaps		(4.0)		2.3		(3.4)		3.9		0.4
Derivatives, excluding hedging gains and losses on sales and credit default swaps		(42.0)		(129.3)		12.9		131.3		(36.2)
Amounts credited to policyholder dividend obligation		5.6		16.8		(1.5)		(1.8)		(0.5)
Adjustment to VOBA amortization		-		0.2		-		-		-

Subtotal		(315.4)		(476.6)		(187.5)		126.6		(134.8)

Discontinued operations, net of taxes		(9.2)		(4.2)		-		-		-


Net income (loss)	$	(346.4)	$	(632.5)	$	(107.4)	$	205.8	$	(17.2)

⁽¹⁾

Note: The results of operations of TBG Financial are reflected as discontinued operations for 2008 and all prior years.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Combining Income Statement

For the three months ended September 30, 2009


($ in millions)	Individual Investments		Retirement Plans		Individual Protection		Corporate and Other		Total
Operating Revenues
Asset fees	$	116.1	$	15.8	$	9.8	$	-	$	141.7
Cost of insurance charges		-		-		117.6		-		117.6
Administrative fees		13.6		1.9		22.5		-		38.0
Surrender fees		6.7		0.3		6.4		-		13.4

Total policy charges		136.4		18.0		156.3		-		310.7
Premiums		45.8		-		73.8		-		119.6
Net investment income		150.3		169.5		121.2		72.3		513.3
Operating realized gains (losses)		(85.6)		-		-		1.1		(84.5)
Other income		5.0		80.2		0.5		32.9		118.6

Total operating revenues		251.9		267.7		351.8		106.3		977.7

Benefits
Interest credited to policyholder accounts		104.9		103.6		49.6		26.1		284.2
Life insurance and annuity benefits		24.8		-		133.1		-		157.9
Policyholder dividends		-		-		22.4		-		22.4

Total benefits		129.7		103.6		205.1		26.1		464.5

Expenses
Commissions		73.2		36.5		31.6		2.6		143.9
General operating expenses		42.1		74.7		58.0		50.9		225.7
Deferral of policy acquisition costs		(70.7)		(8.0)		(42.4)		-		(121.1)

Subtotal		44.6		103.2		47.2		53.5		248.5
Amortization of policy acquisition costs		50.5		8.6		34.1		-		93.2
Amortization of VOBA and other intangible assets		0.3		0.5		9.0		2.3		12.1
Interest expense		-		-		-		25.7		25.7

Total expenses		95.4		112.3		90.3		81.5		379.5


Pre-tax operating earnings (loss)	$	26.8	$	51.8	$	56.4	$	(1.3)	$	133.7

Federal income tax expense										16.1

Net operating earnings (loss)									$	117.6

Net realized investment gains/(losses), net of taxes ⁽¹⁾										(134.8)

Discontinued operations, net of taxes										-

Net income (loss)									$	(17.2)

⁽¹⁾

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Combining Income Statement

For the three months ended September 30, 2008


($ in millions)	Individual Investments		Retirement Plans		Individual Protection		Corporate and Other		Total
Operating Revenues
Asset fees	$	135.7	$	26.3	$	12.3	$	-	$	174.3
Cost of insurance charges		-		-		113.4		-		113.4
Administrative fees		8.9		2.6		21.6		-		33.1
Surrender fees		11.0		0.4		4.6		-		16.0

Total policy charges		155.6		29.3		151.9		-		336.8

Premiums		20.2		-		69.6		-		89.8
Net investment income		131.5		163.9		123.9		61.5		480.8
Operating realized gains (losses)		-		-		-		(21.2)		(21.2)
Other income		7.2		81.8		0.9		42.4		132.3

Total operating revenues		314.5		275.0		346.3		82.7		1,018.5

Benefits
Interest credited to policyholder accounts		93.3		110.6		50.1		46.8		300.8
Life insurance and annuity benefits		70.4		1.1		116.6		-		188.1
Policyholder dividends		-		-		23.7		-		23.7

Total benefits		163.7		111.7		190.4		46.8		512.6

Expenses
Commissions		75.4		39.5		34.9		4.2		154.0
General operating expenses		39.9		67.4		56.6		55.6		219.5
Deferral of policy acquisition costs		(70.6)		(8.5)		(49.5)		-		(128.6)

Subtotal		44.7		98.4		42.0		59.8		244.9

Amortization of policy acquisition costs		226.3		9.1		33.5		-		268.9
Amortization of VOBA and other intangible assets		0.5		0.5		8.2		0.4		9.6
Interest expense		-		-		-		26.1		26.1

Total expenses		271.5		108.0		83.7		86.3		549.5


Pre-tax operating earnings (loss)	$	(120.7)	$	55.3	$	72.2	$	(50.4)	$	(43.6)

Federal income tax expense										(21.8)

Net operating earnings (loss)									$	(21.8)

Net realized investment gains/(losses), net of taxes ⁽¹⁾										(315.4)

Discontinued operations, net of taxes										(9.2)

Net income (loss)									$	(346.4)

⁽¹⁾

Note: The results of operations of TBG Financial are reflected as discontinued operations for 2008 and all prior years.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

This Page Intentionally Left Blank.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Quarterly Consolidated Balance Sheets


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Assets
Investments
Securities available-for-sale, at fair value:

Fixed maturity securities	$	24,849.6	$	23,069.7	$	23,726.9	$	25,696.6	$	27,125.1
Equity securities		69.3		60.7		47.6		51.7		60.5
Trading assets		63.7		66.1		59.1		54.4		36.4
Mortgage loans on real estate, net		7,913.9		7,888.2		7,728.5		7,514.3		7,294.1
Real estate		16.4		16.5		16.4		16.6		12.4
Policy loans		1,050.4		1,095.6		1,080.1		1,067.8		1,040.5
Other long-term investments		1,228.8		968.1		914.3		922.5		871.6
Short-term investments		1,188.6		3,055.0		2,385.4		1,703.1		1,780.7

Total investments		36,380.7		36,219.9		35,958.3		37,027.0		38,221.3

Cash		145.0		165.5		132.8		77.5		84.4
Accrued investment income		388.7		352.1		417.3		385.5		419.9
Deferred policy acquisition costs		4,428.3		4,523.8		4,286.0		4,060.5		3,766.9
Value of business acquired		338.2		334.0		321.9		316.4		289.9
Other intangible assets		41.9		17.1		16.7		16.2		13.8
Goodwill		292.4		246.5		246.5		246.5		246.5
Other assets		2,373.0		3,773.0		4,229.7		2,975.2		2,640.8
Separate account assets		57,908.5		48,840.7		45,525.2		50,930.1		56,471.8

Total assets	$	102,296.7	$	94,472.6	$	91,134.4	$	96,034.9	$	102,155.3


Liabilities and equity
Future policy benefits and claims	$	34,252.3	$	35,720.0	$	35,720.7	$	34,618.0	$	34,056.5
Short-term debt		336.6		295.7		312.6		384.1		563.5
Long-term debt		1,720.3		1,725.9		1,726.0		1,726.1		1,726.9
Other liabilities		3,416.8		4,415.5		4,401.6		4,182.9		4,415.8
Separate account liabilities		57,908.5		48,840.7		45,525.2		50,930.1		56,471.8

		97,634.5		90,997.8		87,686.1		91,841.2		97,234.5

Total equity		4,662.2		3,474.8		3,448.3		4,193.7		4,920.8

Total liabilities and equity	$	102,296.7	$	94,472.6	$	91,134.4	$	96,034.9	$	102,155.3



Capital Structure


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Total capital, including AOCI and NCI	$	6,382.5	$	5,200.7	$	5,174.3	$	5,919.8	$	6,647.7
Less AOCI		(844.4)		(1,370.8)		(1,545.5)		(992.1)		(233.4)
Less NCI		450.6		416.6		405.0		390.8		376.6

Total capital, excluding AOCI and NCI	$	6,776.3	$	6,154.9	$	6,314.8	$	6,521.1	$	6,504.5


Leverage, excluding AOCI and NCI
Long-term debt—to—total capital		25.4%		28.0%		27.3%		26.5%		26.5%

Ratio of pre-tax operating earnings (loss) before interest expense to interest expense		-0.7X		-9.1X		5.1X		4.1X		6.2X

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Individual Investments

Quarterly Earnings Trends


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Operating Revenues
Asset fees	$	135.7	$	102.9	$	95.2	$	104.7	$	116.1
Administrative fees		8.9		9.2		8.6		11.7		13.6
Surrender fees		11.0		11.3		10.4		7.6		6.7

Total policy charges		155.6		123.4		114.2		124.0		136.4

Net Investment Income
General account assets		132.8		131.5		130.0		150.2		155.8
Charge for invested capital		(1.3)		0.5		(7.2)		(5.9)		(5.5)

Total net investment income		131.5		132.0		122.8		144.3		150.3

Premiums		20.2		35.9		41.2		52.3		45.8
Operating realized gains		-		106.9		82.0		(130.5)		(85.6)
Other income		7.2		3.6		4.6		3.1		5.0

Total operating revenues		314.5		401.8		364.8		193.2		251.9

Benefits
Interest credited to policyholder accounts		93.3		97.4		94.1		97.8		104.9
Immediate annuity benefits		19.5		31.6		36.5		46.1		43.4
Policy benefits		50.9		164.7		125.9		(58.7)		(18.6)

Total benefits		163.7		293.7		256.5		85.2		129.7

Expenses
Commissions		75.4		87.0		69.8		79.8		73.2
General operating expenses		39.9		50.6		49.2		46.3		42.1
Deferral of policy acquisition costs		(70.6)		(84.6)		(71.7)		(81.6)		(70.7)

Subtotal		44.7		53.0		47.3		44.5		44.6

Amortization of policy acquisition costs		226.3		261.7		44.1		53.3		50.5
Amortization of VOBA and other intangible assets		0.5		3.1		0.1		0.3		0.3

Total expenses		271.5		317.8		91.5		98.1		95.4

Pre-tax operating earnings (loss)	$	(120.7)	$	(209.7)	$	16.8	$	9.9	$	26.8


Key Ratios/Statistics
Average Account Values:
General account	$	10,028.4	$	10,976.7	$	11,861.6	$	11,524.1	$	10,942.4
Separate account		36,171.4		30,721.3		26,623.8		27,331.9		30,866.3
Advisory services program		441.3		221.2		41.3		-		-

Total average individual investments account values	$	46,641.1	$	41,919.2	$	38,526.7	$	38,856.0	$	41,808.7

Earned rate		5.30%		4.79%		4.38%		5.21%		5.70%
Credited rate		3.72%		3.55%		3.17%		3.39%		3.84%

Interest spread on average general account values		1.58%		1.24%		1.21%		1.82%		1.86%
Income from mortgage loan prepayments and bond call premiums		0.09%		0.03%		0.01%		0.05%		0.02%

Base interest spread on average general account values		1.49%		1.21%		1.20%		1.77%		1.84%

Asset fees to average separate account values		1.50%		1.34%		1.43%		1.53%		1.50%
General operating expenses to average account values		0.34%		0.48%		0.51%		0.48%		0.40%
Pre-tax operating earnings (loss) to average account values		-1.04%		-2.00%		0.17%		0.10%		0.26%
Pre-tax operating earnings (loss) to operating revenues		-38.4%		-52.2%		4.6%		5.1%		10.6%
Average allocated capital	$	1,347.6	$	1,216.4	$	1,142.2	$	1,249.5	$	1,350.6
Return on average allocated capital		-21.7%		-43.1%		6.5%		5.9%		7.7%

Individual Investments Account Value Activity
Individual Investments Account Value Activity

($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Individual Variable Annuities
Balance, beginning of period	$	42,075.0	$	37,660.1	$	32,954.3	$	30,964.2	$	33,509.2

Deposits		978.5		1,052.0		959.1		1,046.6		972.7
Withdrawals and surrenders		(1,546.4)		(1,296.0)		(1,105.2)		(975.1)		(974.0)

Net flows		(567.9)		(244.0)		(146.1)		71.5		(1.3)

Investment performance/interest credited to policyholder accounts		(4,034.8)		(5,710.5)		(1,594.1)		3,364.2		3,675.0
Policy charges		(154.4)		(122.0)		(113.2)		(123.0)		(135.5)
Benefits and other		342.2		1,370.7		(136.7)		(767.7)		(306.2)

Balance, end of period	$	37,660.1	$	32,954.3	$	30,964.2	$	33,509.2	$	36,741.2

Individual Fixed Annuities
Balance, beginning of period	$	4,273.1	$	4,155.0	$	4,406.9	$	4,420.5	$	4,543.2

Deposits		81.5		451.0		152.9		226.6		39.5
Withdrawals and surrenders		(236.4)		(240.1)		(176.9)		(143.3)		(161.4)

Net flows		(154.9)		210.9		(24.0)		83.3		(121.9)

Policyholder interest credited		36.8		37.3		40.5		41.2		41.7
Policy charges		(0.9)		(1.0)		(0.6)		(0.6)		(0.5)
Benefits and other		0.9		4.7		(2.3)		(1.2)		5.6

Balance, end of period	$	4,155.0	$	4,406.9	$	4,420.5	$	4,543.2	$	4,468.1


Income Products	$	2,112.3	$	2,107.4	$	2,117.5	$	2,157.4	$	2,198.2
Advisory Services Program	$	359.8	$	82.6	$	-	$	-	$	-

Total individual investment account values	$	44,287.2	$	39,551.2	$	37,502.2	$	40,209.8	$	43,407.5

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Individual Investments

Account Values by Product


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Individual Variable Annuities
BEST of AMERICA products	$	31,657.3	$	27,934.2	$	26,253.1	$	28,427.2	$	31,140.8
Private label annuities		5,793.0		4,860.4		4,569.0		4,935.1		5,440.4
Nationwide Financial Network and other		209.8		159.7		142.1		146.9		160.0

Total individual variable annuities	$	37,660.1	$	32,954.3	$	30,964.2	$	33,509.2	$	36,741.2

Individual Fixed Annuities	$	4,155.0	$	4,406.9	$	4,420.5	$	4,543.2	$	4,468.1
Income Products	$	2,112.3	$	2,107.4	$	2,117.5	$	2,157.4	$	2,198.2
Advisory Services Program	$	359.8	$	82.6	$	-	$	-	$	-

Total individual investment account values	$	44,287.2	$	39,551.2	$	37,502.2	$	40,209.8	$	43,407.5



Individual Investments New and Renewal Production Premiums and Deposits by Product
($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Individual Variable Annuities
BEST of AMERICA products	$	804.4	$	899.9	$	830.4	$	936.9	$	836.6
Private label annuities		89.2		96.6		78.6		67.4		83.6
Nationwide Financial Network and other		0.4		0.3		0.2		0.1		0.1

Total individual variable annuities	$	894.0	$	996.8	$	909.2	$	1,004.4	$	920.3

Individual Fixed Annuities	$	77.2	$	442.1	$	150.9	$	225.4	$	38.6
Income Products	$	37.7	$	54.3	$	58.4	$	75.0	$	66.8
Portfolio Income Insurance	$	-	$	-	$	-	$	-	$	4.1
Advisory Services Program	$	4.6	$	1.3	$	-	$	-	$	-

Total new and renewal production premiums and deposits	$	1,013.5	$	1,494.5	$	1,118.5	$	1,304.8	$	1,029.8



Individual Investments New and Renewal Production Premiums and Deposits by Channel
($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Individual Variable Annuities
Non-affiliated
Independent broker/dealers	$	312.9	$	374.5	$	344.5	$	383.6	$	298.2
Wirehouse and regional firms		234.8		263.3		240.0		244.1		250.8
Financial institutions		285.6		301.1		277.9		336.2		339.3
Affiliated
Nationwide Financial Network		60.7		57.9		46.8		40.5		32.0

Total individual variable annuities	$	894.0	$	996.8	$	909.2	$	1,004.4	$	920.3

Individual Fixed Annuities
Non-affiliated
Independent broker/dealers	$	12.3	$	46.6	$	17.5	$	12.2	$	4.7
Wirehouse and regional firms		7.7		39.7		15.2		16.7		4.3
Financial institutions		26.3		314.3		87.5		170.6		15.0
Affiliated
Nationwide Financial Network		30.9		41.5		30.7		25.9		14.6

Total individual fixed annuities	$	77.2	$	442.1	$	150.9	$	225.4	$	38.6

Income Products
Non-affiliated
Independent broker/dealers	$	16.6	$	25.3	$	25.4	$	34.0	$	26.8
Wirehouse and regional firms		12.5		19.2		20.4		25.0		25.5
Financial institutions		4.9		5.4		8.9		11.9		11.0
Affiliated
Nationwide Financial Network		3.7		4.4		3.7		4.1		3.5

Total income products	$	37.7	$	54.3	$	58.4	$	75.0	$	66.8

Portfolio Income Insurance
Non-affiliated
Wirehouse and regional firms		-		-		-		-		4.1

Total portfolio insurance	$	-	$	-	$	-	$	-	$	4.1

Advisory Services Program
Non-affiliated
Independent broker/dealers	$	3.3	$	1.2	$	-	$	-	$	-
Financial institutions		0.5		-		-		-		-
Affiliated
Nationwide Financial Network		0.8		0.1		-		-		-

Total advisory services program	$	4.6	$	1.3	$	-	$	-	$	-


Total new and renewal production premiums and deposits	$	1,013.5	$	1,494.5	$	1,118.5	$	1,304.8	$	1,029.8

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Retirement Plans

Quarterly Earnings Trends


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Operating Revenues
Asset fees	$	26.3	$	18.6	$	17.0	$	26.6	$	15.8
Administrative fees		2.6		5.2		2.7		2.2		1.9
Surrender fees		0.4		0.4		0.6		-		0.3

Total policy charges		29.3		24.2		20.3		28.8		18.0

Net investment income		163.9		164.9		161.4		175.8		169.5
Other income		81.8		67.1		65.7		71.8		80.2

Total operating revenues		275.0		256.2		247.4		276.4		267.7

Benefits
Interest credited to policyholder accounts		110.6		111.2		105.2		113.3		103.6
Other policy benefits		1.1		(1.1)		-		-		-

Total benefits		111.7		110.1		105.2		113.3		103.6
Expenses
Commissions		39.5		32.4		31.8		32.8		36.5
General operating expenses		67.4		74.7		76.9		71.7		74.7
Deferral of policy acquisition costs		(8.5)		(7.9)		(7.7)		(7.8)		(8.0)

Subtotal		98.4		99.2		101.0		96.7		103.2
Amortization of policy acquisition costs		9.1		9.4		7.7		16.9		8.6
Amortization of VOBA and other intangible assets		0.5		0.1		0.2		0.7		0.5

Total expenses		108.0		108.7		108.9		114.3		112.3

Pre-tax operating earnings	$	55.3	$	37.4	$	33.3	$	48.8	$	51.8

Key Ratios/Statistics
Average Account Values:
General account	$	11,214.5	$	11,396.7	$	11,590.8	$	11,711.2	$	11,798.3
Separate account		13,880.9		11,805.6		10,259.0		10,453.7		11,663.4
Non insurance assets		20,123.7		17,507.1		15,648.4		16,525.5		18,859.5
Administration only		28,856.2		26,301.4		24,427.8		25,692.1		28,669.5

Total average retirement plan account values	$	74,075.3	$	67,010.8	$	61,926.0	$	64,382.5	$	70,990.7

Earned rate		5.84%		5.78%		5.57%		6.00%		5.74%
Credited rate		3.95%		3.90%		3.63%		3.87%		3.51%

Interest spread on average general account values		1.89%		1.88%		1.94%		2.13%		2.23%
Income from mortgage loan prepayments and bond call premiums		0.06%		0.03%		0.01%		0.11%		0.02%

Base interest spread on average general account values		1.83%		1.85%		1.93%		2.02%		2.21%

Asset fees to average separate account values		0.76%		0.63%		0.66%		1.02%		0.54%

General operating expenses to average account values		0.36%		0.45%		0.50%		0.45%		0.42%

Pre-tax operating earnings to average account values		0.30%		0.22%		0.22%		0.30%		0.29%

Pre-tax operating earnings to operating revenue		20.1%		14.6%		13.5%		17.7%		19.4%

Average allocated capital	$	762.0	$	753.8	$	757.6	$	729.7	$	716.7

Return on average allocated capital		19.9%		13.9%		12.9%		19.7%		20.5%

Retirement Plans
Account Value Activity
($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Private Sector Pension Plans
Balance, beginning of period	$	30,668.7	$	27,805.1	$	23,647.2	$	22,895.2	$	25,518.0

New deposits/other		1,451.6		1,292.5		1,485.0		1,234.5		1,347.2
Participant withdrawals and surrenders		(1,300.7)		(1,212.5)		(1,113.8)		(1,178.0)		(1,424.4)

Net flows		150.9		80.0		371.2		56.5		(77.2)

Investment performance/interest credited to policyholder accounts		(2,957.7)		(4,119.1)		(1,079.0)		2,684.7		2,833.1
Policy charges and other		(56.8)		(47.6)		(44.2)		(50.3)		(53.8)
Case acquisitions/(terminations), net		-		(71.2)		-		(68.1)		-

Balance, end of period	$	27,805.1	$	23,647.2	$	22,895.2	$	25,518.0	$	28,220.1

Public Sector Pension Plans
Balance, beginning of period	$	46,258.7	$	43,418.1	$	39,150.9	$	38,158.5	$	42,193.1

New deposits/other		1,127.4		1,092.0		1,074.1		1,040.2		1,067.3
Participant withdrawals and surrenders		(794.0)		(753.1)		(736.5)		(581.4)		(602.4)

Net flows		333.4		338.9		337.6		458.8		464.9

Investment performance/interest credited		(3,113.6)		(4,593.4)		(1,260.1)		3,050.2		3,422.8
Policy charges and other		(18.6)		(14.9)		(13.6)		(19.7)		(16.1)
Case acquisitions/(terminations), net		(41.8)		2.2		(56.3)		545.3		(14.7)

Balance, end of period	$	43,418.1	$	39,150.9	$	38,158.5	$	42,193.1	$	46,050.0

Total retirement plan account values	$	71,223.2	$	62,798.1	$	61,053.7	$	67,711.1	$	74,270.1

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Retirement Plans

Account Values by Product


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Private Sector Pension Plans
BEST of AMERICA annuity products	$	5,470.4	$	4,543.5	$	4,343.0	$	4,628.5	$	4,924.9
BEST of AMERICA trust products		19,093.3		15,920.8		15,376.0		17,675.0		20,043.9

Subtotal BEST of AMERICA		24,563.7		20,464.3		19,719.0		22,303.5		24,968.8

Nationwide Financial Network products		874.6		778.5		746.3		806.6		854.5
Nationwide employee and agent benefit plans		1,911.8		1,954.4		1,990.6		1,978.0		1,989.6
Other		455.0		450.0		439.3		429.9		407.2

Total private sector pension plans	$	27,805.1	$	23,647.2	$	22,895.2	$	25,518.0	$	28,220.1

Public Sector Pension Plans
IRC Section 457 annuities	$	15,569.6	$	14,396.6	$	14,057.2	$	14,910.2	$	15,993.9
Administration only agreements		27,848.5		24,754.3		24,101.3		27,282.9		30,056.1

Total public sector pension plans	$	43,418.1	$	39,150.9	$	38,158.5	$	42,193.1	$	46,050.0


Total retirement plan account values	$	71,223.2	$	62,798.1	$	61,053.7	$	67,711.1	$	74,270.1


Retirement Plans New and Renewal Production Premiums and Deposits by Product
($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Private Sector Pension Plans
BEST of AMERICA annuity products	$	201.3	$	185.7	$	205.0	$	178.7	$	166.7
BEST of AMERICA trust products		1,141.3		980.6		1,184.9		983.8		1,097.3

Subtotal BEST of AMERICA		1,342.6		1,166.3		1,389.9		1,162.5		1,264.0

Nationwide Financial Network products		40.7		56.5		37.7		34.5		36.2
Other		21.1		49.7		4.9		4.0		3.8

Total private sector pension plans	$	1,404.4	$	1,272.5	$	1,432.5	$	1,201.0	$	1,304.0

Public Sector Pension Plans
IRC Section 457 annuities	$	434.2	$	458.4	$	419.3	$	384.8	$	386.3
Administration only agreements		693.3		632.9		646.5		663.7		681.1

Total public sector pension plans		1,127.5		1,091.3		1,065.8		1,048.5		1,067.4


Total new and renewal production premiums and deposits	$	2,531.9	$	2,363.8	$	2,498.3	$	2,249.5	$	2,371.4


Retirement Plans New and Renewal Production Premiums and Deposits by Channel
($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Private Sector Pension Plans
Non-affiliated
Independent broker/dealers	$	872.1	$	763.9	$	871.3	$	764.9	$	836.8
Wirehouse and regional firms		251.2		223.6		262.7		224.4		223.4
Financial institutions		130.8		122.5		160.0		107.6		112.6
Pension plan administrators		109.1		129.3		99.9		78.0		97.9
Affiliated
Nationwide Retirement Solutions		8.1		7.7		6.4		5.5		5.7
Nationwide Financial Network		33.1		25.5		32.2		20.6		27.6

Total private sector pension plans	$	1,404.4	$	1,272.5	$	1,432.5	$	1,201.0	$	1,304.0

Public Sector Pension Plans
Nationwide Retirement Solutions	$	1,127.5	$	1,091.3	$	1,065.8	$	1,048.5	$	1,067.4


Total new and renewal production premiums and deposits	$	2,531.9	$	2,363.8	$	2,498.3	$	2,249.5	$	2,371.4

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Individual Protection

Quarterly Earnings Trends


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Operating Revenues
Asset fees	$	12.3	$	9.8	$	8.7	$	9.3	$	9.8
Cost of insurance charges		113.4		115.6		118.2		117.6		117.6
Administrative fees		21.6		20.6		17.8		32.7		22.5
Surrender fees		4.6		10.6		7.1		7.0		6.4

Total policy charges		151.9		156.6		151.8		166.6		156.3

Net Investment Income
General account assets		127.3		127.5		122.8		128.1		123.6
Charge for invested capital		(3.4)		(2.9)		(2.4)		(2.7)		(2.4)

Total net investment income		123.9		124.6		120.4		125.4		121.2

Premiums		69.6		77.7		76.9		75.5		73.8
Other income		0.9		0.7		0.5		0.5		0.5

Total operating revenues		346.3		359.6		349.6		368.0		351.8

Benefits
Interest credited to policyholder accounts		50.1		50.1		49.6		52.3		49.6
Life benefits		116.6		141.7		137.1		147.7		133.1
Policyholder dividends		23.7		21.1		21.4		23.5		22.4

Total benefits		190.4		212.9		208.1		223.5		205.1

Expenses
Commissions		34.9		36.1		30.2		32.7		31.6
General operating expenses		56.6		87.7		62.2		54.3		58.0
Deferral of policy acquisition costs		(49.5)		(53.9)		(44.0)		(43.0)		(42.4)

Subtotal		42.0		69.9		48.4		44.0		47.2

Amortization of policy acquisition costs		33.5		29.1		25.8		67.9		34.1
Amortization of VOBA and other intangible assets		8.2		6.7		6.3		20.0		9.0

Total expenses		83.7		105.7		80.5		131.9		90.3

Pre-tax operating earnings	$	72.2	$	41.0	$	61.0	$	12.6	$	56.4


Key Ratios/Statistics
General operating expenses to operating revenues		16.3%		24.4%		17.8%		14.8%		16.5%
Pre-tax operating earnings to operating revenues		20.8%		11.4%		17.4%		3.4%		16.0%
Average allocated capital	$	2,053.6	$	2,043.5	$	1,988.3	$	1,947.6	$	1,935.7
Return on average allocated capital		9.5%		5.7%		8.6%		2.5%		8.2%

Note: The results of operations of TBG Financial are reflected as discontinued operations for 2008 and all prior years.

Individual Protection Policy Reserves
($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Individual investment life	$	5,083.7	$	4,159.4	$	3,873.4	$	4,284.8	$	4,711.2
Corporate investment life - excluding experience rated BOLI		6,620.3		7,472.7		7,238.8		7,665.1		7,592.8
Corporate investment life - experience rated BOLI		1,305.2		1,076.2		1,067.1		1,079.9		1,200.4

Subtotal investment life		13,009.2		12,708.3		12,179.3		13,029.8		13,504.4

Traditional life		4,156.9		4,154.8		4,125.7		4,127.6		4,131.3
Universal life		1,354.8		1,386.9		1,409.2		1,464.0		1,522.9

Subtotal fixed life		5,511.7		5,541.7		5,534.9		5,591.6		5,654.2

Total individual protection policy reserves	$	18,520.9	$	18,250.0	$	17,714.2	$	18,621.4	$	19,158.6



Individual Protection Insurance In Force
($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Individual investment life	$	56,290.1	$	55,352.8	$	54,379.2	$	53,410.7	$	52,641.2
Corporate investment life - excluding experience rated BOLI		11,796.8		11,347.5		10,867.6		11,179.6		11,423.5
Corporate investment life - experience rated BOLI		13,261.2		13,259.3		13,255.5		13,247.9		13,247.9

Subtotal investment life		81,348.1		79,959.6		78,502.3		77,838.2		77,312.6

Traditional life		49,687.3		53,685.7		54,115.8		55,200.6		55,366.5
Universal life		11,445.7		11,714.8		11,735.0		12,151.2		12,570.8

Subtotal fixed life		61,133.0		65,400.5		65,850.8		67,351.8		67,937.3


Total individual protection insurance in force	$	142,481.1	$	145,360.1	$	144,353.1	$	145,190.0	$	145,249.9

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Individual Protection

New and Renewal Production Premiums and Deposits by Product


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
BEST of AMERICA Variable Life Series
First year production premiums and deposits	$	24.8	$	19.3	$	16.8	$	12.5	$	10.0
Renewal production premiums and deposits		73.4		67.5		66.4		67.7		64.5

Total BEST of AMERICA variable life series		98.2		86.8		83.2		80.2		74.5

Nationwide Financial Network Variable Life Products
First year production premiums and deposits		0.8		1.6		0.4		0.2		0.2
Renewal production premiums and deposits		38.4		36.8		36.7		35.1		33.1

Total Nationwide Financial Network variable life products		39.2		38.4		37.1		35.3		33.3

Corporate Owned Life Insurance (COLI)
First year production premiums and deposits		36.7		55.2		20.7		10.5		9.8
Renewal production premiums and deposits		32.9		66.0		91.4		62.6		51.1

Total COLI		69.6		121.2		112.1		73.1		60.9

Traditional/Universal life
First year production premiums and deposits		31.6		39.3		29.5		50.4		51.5
Renewal production premiums and deposits		108.1		122.4		110.8		115.0		113.4

Total traditional/universal life		139.7		161.7		140.3		165.4		164.9


Total new and renewal production premiums and deposits	$	346.7	$	408.1	$	372.7	$	354.0	$	333.6



Individual Protection New and Renewal Production Premiums and Deposits by Channel
($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Non-affiliated
Independent broker/dealers	$	73.9	$	66.4	$	68.2	$	70.0	$	63.1
Wirehouse and regional firms		16.0		16.1		14.1		17.6		17.1
Financial institutions		14.4		15.8		10.1		19.3		25.6
Life specialists		47.2		105.5		112.1		73.1		60.9
Affiliated
Nationwide Financial Network		172.8		188.6		168.2		174.0		166.9
Mullin TBG		22.4		15.7		-		-		-

Total new and renewal production premiums and deposits	$	346.7	$	408.1	$	372.7	$	354.0	$	333.6

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Investment Life

Quarterly Earnings Trends


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Operating Revenues
Asset fees	$	12.3	$	9.8	$	8.7	$	9.3	$	9.8
Cost of insurance charges		90.9		92.5		93.9		92.0		90.2
Administrative fees		14.2		12.4		10.8		21.3		13.4
Surrender fees		4.0		9.2		6.1		5.5		5.0

Total policy charges		121.4		123.9		119.5		128.1		118.4

Net Investment Income
General account assets		39.0		39.4		39.1		39.9		36.9
Charge for invested capital		(3.4)		(2.9)		(2.4)		(2.7)		(2.4)

Total net investment income		35.6		36.5		36.7		37.2		34.5

Other income		0.9		0.7		0.5		0.5		0.5

Total operating revenues		157.9		161.1		156.7		165.8		153.4

Benefits
Interest credited to policyholder accounts		28.8		29.1		28.9		30.7		29.2
Life benefits		41.3		49.2		50.7		59.5		37.4

Total benefits		70.1		78.3		79.6		90.2		66.6

Expenses
Commissions		16.2		20.4		17.1		13.7		11.3
General operating expenses		28.1		54.1		29.2		24.9		26.2
Deferral of policy acquisition costs		(24.4)		(29.9)		(23.4)		(18.7)		(16.4)

Subtotal		19.9		44.6		22.9		19.9		21.1
Amortization of policy acquisition costs		19.3		15.8		12.7		51.0		20.7
Amortization of VOBA and other intangible assets		5.6		4.5		3.9		16.7		7.2

Total expenses		44.8		64.9		39.5		87.6		49.0

Pre-tax operating earnings	$	43.0	$	17.9	$	37.6	$	(12.0)	$	37.8


Key Ratios/Statistics

Cost of insurance per $1,000 of average net amount at risk ⁽¹⁾	$	6.45	$	6.64	$	6.88	$	6.89	$	6.91
Life benefits per $1,000 of average net amount at risk ⁽¹⁾	$	2.93	$	3.53	$	3.71	$	4.46	$	2.87
General operating expenses to operating revenues		17.8%		33.6%		18.6%		15.0%		17.1%
Pre-tax operating earnings to operating revenues		27.2%		11.1%		24.0%		-7.2%		24.6%
Average allocated capital	$	1,287.8	$	1,260.1	$	1,203.2	$	1,149.1	$	1,116.4
Return on average allocated capital		9.3%		4.4%		9.2%		-1.3%		9.9%

⁽¹⁾	Excludes experience rated BOLI corporate investment life.

Note: The results of operations of TBG Financial are reflected as discontinued operations for 2008 and all prior years.


Investment Life
Policy Reserve Activity
($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Balance, beginning of period	$	14,288.0	$	13,009.2	$	12,708.3	$	12,179.3	$	13,029.8

Deposits		237.2		271.6		245.5		175.9		149.0
Withdrawals and surrenders		(118.1)		(148.8)		(155.6)		(115.8)		(178.5)

Net flows		119.1		122.8		89.9		60.1		(29.5)

Investment performance/interest credited to policyholder accounts		(1,272.6)		(1,767.9)		(412.2)		939.4		1,116.8
Policy charges		(121.3)		(124.3)		(119.4)		(127.7)		(118.9)
Benefits and other		(4.0)		1,468.5		89.9		(21.3)		(493.8)
Acquired/(Terminated) business		-		-		(177.2)		-		-

Balance, end of period	$	13,009.2	$	12,708.3	$	12,179.3	$	13,029.8	$	13,504.4

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Fixed Life

Quarterly Earnings Trends


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Operating Revenues
Cost of insurance charges	$	22.5	$	23.1	$	24.3	$	25.6	$	27.4
Administrative fees		7.4		8.2		7.0		11.4		9.1
Surrender fees		0.6		1.4		1.0		1.5		1.4

Total policy charges		30.5		32.7		32.3		38.5		37.9

Net investment income		88.3		88.1		83.7		88.2		86.7
Premiums		69.6		77.7		76.9		75.5		73.8

Total operating revenues		188.4		198.5		192.9		202.2		198.4

Benefits
Interest credited to policyholder accounts		21.3		21.0		20.7		21.6		20.4
Life benefits		75.3		92.5		86.4		88.2		95.7
Policyholder dividends		23.7		21.1		21.4		23.5		22.4

Total benefits		120.3		134.6		128.5		133.3		138.5

Expenses
Commissions		18.7		15.7		13.1		19.0		20.3
General operating expenses		28.5		33.6		33.0		29.4		31.8
Deferral of policy acquisition costs		(25.1)		(24.0)		(20.6)		(24.3)		(26.0)

Subtotal		22.1		25.3		25.5		24.1		26.1

Amortization of policy acquisition costs		14.2		13.3		13.1		16.9		13.4
Amortization of VOBA and other intangible assets		2.6		2.2		2.4		3.3		1.8

Total expenses		38.9		40.8		41.0		44.3		41.3

Pre-tax operating earnings	$	29.2	$	23.1	$	23.4	$	24.6	$	18.6


Key Ratios/Statistics
Life benefits per $1,000 of average life insurance in force	$	5.04	$	5.85	$	5.27	$	5.30	$	5.66
General operating expenses to operating revenues		15.1%		16.9%		17.1%		14.5%		16.0%
Pre-tax operating earnings to operating revenues		15.5%		11.6%		12.1%		12.2%		9.4%
Average allocated capital	$	765.8	$	783.4	$	785.1	$	798.5	$	819.3
Return on average allocated capital		9.9%		7.7%		7.7%		8.0%		5.9%

Fixed Life
Policy Reserve Activity
($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Traditional/Universal Life
Balance, beginning of period	$	5,493.7	$	5,511.7	$	5,541.7	$	5,534.9	$	5,591.6
Deposits		123.1		139.6		127.1		146.3		146.1
Withdrawals and surrenders		(58.4)		(66.7)		(63.3)		(69.9)		(57.4)

Net flows		64.7		72.9		63.8		76.4		88.7

Interest credited to policyholder accounts		22.0		19.6		21.0		21.2		10.8
Policy charges		(30.8)		(32.6)		(32.3)		(39.4)		(36.9)
Benefits and other		(37.9)		(29.9)		(59.3)		(1.5)		-

Balance, end of period	$	5,511.7	$	5,541.7	$	5,534.9	$	5,591.6	$	5,654.2

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Corporate and Other

Quarterly Earnings Trends


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Operating Revenues
Net Investment Income
General account assets	$	61.5	$	38.0	$	80.1	$	69.0	$	72.3

Total net investment income		61.5		38.0		80.1		69.0		72.3

Operating realized gains (losses)		(21.2)		(57.9)		(5.4)		12.0		1.1
Other income		42.4		39.5		27.6		28.9		32.9

Total operating revenues		82.7		19.6		102.3		109.9		106.3

Benefits
Interest credited to policyholder accounts		46.8		44.6		33.7		29.9		26.1

Total benefits		46.8		44.6		33.7		29.9		26.1

Expenses
Commissions		4.2		3.9		2.6		2.0		2.6
General operating expenses		55.6		74.5		44.1		43.1		50.9
Amortization of VOBA and other intangible assets		0.4		0.1		0.3		0.3		2.3
Interest expense		26.1		25.9		26.0		25.8		25.7

Total expenses		86.3		104.4		73.0		71.2		81.5

Pre-tax operating earnings (loss)	$	(50.4)	$	(129.4)	$	(4.4)	$	8.8	$	(1.3)



Note: The results of operations of TBG Financial are reflected as discontinued operations for 2008 and all prior years.

Nationwide Bank

Key Ratio / Statistics	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Total Assets		1,852.3		2,195.2		2,416.8		2,519.0		3,038.7
Net Interest Margin		2.94%		2.84%		3.11%		3.10%		3.04%

Medium Term Notes

($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Key Ratios/Statistics
Daily Average Account Values:
General account	$	4,165.1	$	3,509.2	$	3,109.8	$	3,005.4	$	2,426.6

Earned rate		4.44%		4.73%		3.52%		2.52%		2.09%
Credited rate		3.59%		3.70%		2.93%		2.64%		2.67%

Interest spread on daily average general account values		0.85%		1.03%		0.59%		-0.12%		-0.58%
Income from mortgage loan prepayments and bond call premiums		0.07%		-0.01%		0.00%		0.01%		0.02%

Base interest spread on daily average general account values		0.78%		1.04%		0.59%		-0.13%		-0.60%



Corporate and Other Account Value Activity

($ in millions)
Medium Term Notes	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Balance, beginning of period	$	4,294.3	$	3,690.5	$	3,217.2	$	3,020.1	$	2,488.9
Deposits		125.0		-		-		-		-
Maturities		(735.0)		(465.0)		(200.0)		(300.0)		(325.0)

Net flows		(610.0)		(465.0)		(200.0)		(300.0)		(325.0)
Interest credited to policyholder accounts and amortization		37.0		32.5		22.8		19.8		16.2
Other benefits - interest payments		(30.8)		(40.8)		(19.9)		(26.2)		(11.2)
Acquisitions/(terminations), net		-		-		-		(224.8)		(10.5)

Balance, end of period	$	3,690.5	$	3,217.2	$	3,020.1	$	2,488.9	$	2,158.4

Nationwide Bank	$	1,381.8	$	1,763.5	$	1,904.3	$	1,946.4	$	2,123.3
Nationwide Funds Group	$	1,778.9	$	1,345.8	$	1,127.0	$	1,272.0	$	2,205.4

Total corporate and other account values	$	6,851.2	$	6,326.5	$	6,051.4	$	5,707.3	$	6,487.1

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Customer Funds Managed and Administered


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Individual variable annuities	$	37,660.1	$	32,954.3	$	30,964.2	$	33,509.2	$	36,741.2
Individual fixed annuities		4,155.0		4,406.9		4,420.5		4,543.2		4,468.1
Income products		2,112.3		2,107.4		2,117.5		2,157.4		2,198.2
Advisory services program		359.8		82.6		-		-		-

Subtotal individual investments		44,287.2		39,551.2		37,502.2		40,209.8		43,407.5


Private sector pension plans		27,805.1		23,647.2		22,895.2		25,518.0		28,220.1
Public sector pension plans		43,418.1		39,150.9		38,158.5		42,193.1		46,050.0

Subtotal retirement plans		71,223.2		62,798.1		61,053.7		67,711.1		74,270.1


Individual protection investment life		13,009.2		12,708.3		12,179.3		13,029.8		13,504.4
Individual protection fixed life		5,511.7		5,541.7		5,534.9		5,591.6		5,654.2

Subtotal individual protection		18,520.9		18,250.0		17,714.2		18,621.4		19,158.6


Medium term notes		3,690.5		3,217.2		3,020.1		2,488.9		2,158.4
Nationwide Bank		1,381.8		1,763.5		1,904.3		1,946.4		2,123.3
Nationwide Funds Group		1,778.9		1,345.8		1,127.0		1,272.0		2,205.4

Subtotal corporate and other		6,851.2		6,326.5		6,051.4		5,707.3		6,487.1

Customer funds managed and administered	$	140,882.5	$	126,925.8	$	122,321.5	$	132,249.6	$	143,323.3



Note: Total Customer Funds Managed and Administered includes NFG funds as detailed below.

Nationwide Funds Group - Customer Funds Managed and Administered

($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Individual Investments		14,837.0		13,184.7		12,676.5		14,248.3		17,602.3

Retirement Plans		8,327.7		7,549.9		7,340.6		7,879.7		7,819.7

Individual Protection		3,132.7		2,759.5		2,521.8		2,695.2		3,057.9

Corporate and Other		1,778.9		1,345.8		1,127.0		1,272.0		2,205.4

Customer funds managed and administered	$	28,076.3	$	24,839.9	$	23,665.9	$	26,095.2	$	30,685.3



Separate Account Assets by Segment and Fund Type

($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Individual Investments
Equity	$	26,857.6	$	21,097.6	$	19,400.6	$	22,857.4	$	26,427.3
Bond		4,974.8		4,370.3		4,170.5		4,366.1		4,694.9
Money market		1,995.9		2,146.4		2,062.2		1,807.1		1,579.8

Subtotal individual investments		33,828.3		27,614.3		25,633.3		29,030.6		32,702.0


Retirement Plans
Equity	$	10,494.2	$	8,043.9	$	7,227.7	$	8,301.6	$	9,505.5
Bond		1,099.7		1,084.5		1,124.6		1,182.5		1,274.7
Money market		593.9		613.0		607.1		536.2		483.8
Other		797.7		884.2		932.9		994.7		1,047.7

Subtotal retirement plans		12,985.5		10,625.6		9,892.3		11,015.0		12,311.7


Individual Protection
Equity	$	7,037.8	$	5,483.8	$	4,805.2	$	5,522.9	$	6,307.3
Bond		2,235.3		1,881.2		1,993.0		2,127.1		2,448.4
Money market		1,287.3		1,379.2		1,309.8		1,304.6		1,210.8
Other		-		1,457.4		1,533.7		1,516.3		1,023.6

Subtotal individual protection		10,560.4		10,201.6		9,641.7		10,470.9		10,990.1


Corporate and Other
Equity	$	464.1	$	337.0	$	296.1	$	349.6	$	401.8
Bond		58.4		49.7		49.5		52.5		55.6
Money market		11.8		12.5		12.3		11.5		10.6

Subtotal corporate and other		534.3		399.2		357.9		413.6		468.0


Total
Equity	$	44,853.7	$	34,962.3	$	31,729.6	$	37,031.5	$	42,641.9
Bond		8,368.2		7,385.7		7,337.6		7,728.2		8,473.6
Money market		3,888.9		4,151.1		3,991.4		3,659.4		3,285.0
Other		797.7		2,341.6		2,466.6		2,511.0		2,071.3

Total separate account assets by fund type	$	57,908.5	$	48,840.7	$	45,525.2	$	50,930.1	$	56,471.8

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Securities Available-For-Sale


($ in millions)						Amortized Cost		Gross Unrealized Gains			Gross Unrealized Losses		Estimated Fair Value
September 30, 2009
Fixed maturity securities:
U.S. Treasury securities and obligations of U.S. Government corporations						$	182.3	$	19.9		$	-	$	202.2
U.S. Government agencies							422.4		71.0			-		493.4
Obligations of states and political subdivisions							382.2		14.1			7.6		388.7
Debt securities issued by foreign governments							70.0		7.5			-		77.5
Corporate securities
Public							10,890.7		669.1			205.8		11,354.0
Private							4,707.3		209.6			110.2		4,806.7
Residential mortgage-backed securities							8,379.8		183.3			707.5		7,855.6
Commercial mortgage-backed securities							1,380.3		9.0			233.5		1,155.8
Collateralized debt obligations							550.6		13.0			213.6		350.0
Other asset-backed securities							473.8		10.4			43.0		441.2

Total fixed maturity securities							27,439.4		1,206.9			1,521.2		27,125.1
Equity securities							56.2		5.7			1.4		60.5

				Total		$	27,495.6	$	1,212.6		$	1,522.6	$	27,185.6


December 31, 2008
Fixed maturity securities:
U.S. Treasury securities and obligations of U.S. Government corporations						$	94.3	$	25.4		$	-	$	119.7
U.S. Government agencies							420.5		93.3			-		513.8
Obligations of states and political subdivisions							271.3		1.6			10.5		262.4
Debt securities issued by foreign governments							50.1		5.4			-		55.5
Corporate securities
Public							8,881.9		109.9			1,040.7		7,951.1
Private							5,002.8		45.2			403.4		4,644.6
Residential mortgage-backed securities							8,369.1		109.8			881.0		7,597.9
Commercial mortgage-backed securities							1,488.9		0.6			473.9		1,015.6
Collateralized debt obligations							557.7		6.4			240.7		323.4
Other asset-backed securities							689.1		3.6			107.0		585.7

Total fixed maturity securities							25,825.7		401.2			3,157.2		23,069.7
Equity securities							68.7		0.8			8.8		60.7

				Total		$	25,894.4	$	402.0		$	3,166.0	$	23,130.4


Aging of Gross Unrealized Losses on Securities Available-For-Sale

	Less Than or Equal to One Year					More Than One Year					Total
($ in millions)	Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses
September 30, 2009
Fixed maturity securities:
U.S. Treasury securities and obligations of U.S. Government corporations	$	1.3	$	-		$	-	$	-		$	1.3	$	-
U.S. Government agencies		5.9		-			-		-			5.9		-
Obligations of states and political subdivisions		12.0		0.4			82.3		7.2			94.3		7.6
Debt securities issued by foreign governments		0.5		-			-		-			0.5		-
Corporate securities
Public		707.1		26.2			1,363.4		179.6			2,070.5		205.8
Private		248.4		15.4			1,123.9		94.8			1,372.3		110.2
Residential mortgage-backed securities		438.4		86.2			2,704.8		621.3			3,143.2		707.5
Commercial mortgage-backed securities		11.1		0.2			834.6		233.3			845.7		233.5
Collateralized debt obligations		85.7		38.6			221.2		175.0			306.9		213.6
Other asset-backed securities		5.5		0.7			241.4		42.3			246.9		43.0

Total fixed maturity securities		1,515.9		167.7			6,571.6		1,353.5			8,087.5		1,521.2
Equity securities		9.2		0.8			2.5		0.6			11.7		1.4

Total	$	1,525.1	$	168.5		$	6,574.1	$	1,354.1		$	8,099.2	$	1,522.6


Percentage of gross unrealized losses				11	%				89	%

December 31, 2008
Fixed maturity securities:
U.S. Treasury securities and obligations of U.S. Government corporations	$	-	$	-		$	-	$	-		$	-	$	-
U.S. Government agencies		-		-			-		-			-		-
Obligations of states and political subdivisions		127.6		6.1			33.4		4.4			161.0		10.5
Debt securities issued by foreign governments		-		-			-		-			-		-
Corporate securities
Public		4,109.4		676.9			1,350.3		363.8			5,459.7		1,040.7
Private		2,259.4		282.1			999.1		121.3			3,258.5		403.4
Residential mortgage-backed securities		1,093.1		199.8			2,305.4		681.2			3,398.5		881.0
Commercial mortgage-backed securities		592.0		209.0			410.9		264.9			1,002.9		473.9
Collateralized debt obligations		151.0		100.8			122.6		139.9			273.6		240.7
Other asset-backed securities		333.8		43.2			228.7		63.8			562.5		107.0

Total fixed maturity securities		8,666.3		1,517.9			5,450.4		1,639.3			14,116.7		3,157.2
Equity securities		19.2		8.6			3.4		0.2			22.6		8.8

Total	$	8,685.5	$	1,526.5		$	5,453.8	$	1,639.5		$	14,139.3	$	3,166.0


Percentage of gross unrealized losses				48	%				52	%

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Credit Quality of Fixed Maturity Securities Available-For-Sale


		September 30, 2009				December 31, 2008
($ in millions)		Amortized Cost		Est. Fair Value		Amortized Cost		Est. Fair Value
NAIC Designation	Rating Agency Equivalent Designation
1	AAA/AA/A	$	17,154.2	$	17,341.6	$	17,087.2	$	15,612.2
2	BBB		7,073.8		7,126.5		6,633.9		5,821.6
3	BB		1,265.9		1,106.1		1,233.3		990.0
4	B		781.9		657.0		571.4		397.2
5	CCC and lower		793.0		569.8		190.5		148.2
6	In or near default		370.6		324.1		109.4		100.5

	Total fixed maturity securities	$	27,439.4	$	27,125.1	$	25,825.7	$	23,069.7

Mortgage Loans by Region and Property Type


($ in millions) September 30, 2009	Office		Warehouse		Retail		Apartment & Other		Total
Commercial mortgage loans on real estate:
New England	$	113.1	$	25.7	$	55.7	$	76.8	$	271.3
Middle Atlantic		230.8		239.3		326.0		105.7		901.8
East North Central		99.4		200.2		523.3		396.2		1,219.1
West North Central		9.0		59.7		67.8		117.2		253.7
South Atlantic		122.1		430.0		689.9		344.5		1,586.5
East South Central		19.6		38.9		115.0		94.0		267.5
West South Central		24.5		156.8		165.9		229.1		576.3
Mountain		99.6		112.5		132.5		298.7		643.3
Pacific		308.7		345.6		408.9		325.0		1,388.2

Total current principal	$	1,026.8	$	1,608.7	$	2,485.0	$	1,987.2	$	7,107.7

Valuation allowance										(53.8)
Unamortized premium										1.3
Fair value adjustment on mortgage loans held for sale										(27.8)
Cumulative change in fair value of hedged mortgage loans										19.4

Total commercial mortgage loans on real estate										7,046.8


Total residential mortgage loans on real estate										247.3

Total mortgage loans on real estate, net									$	7,294.1


December 31, 2008	Office		Warehouse		Retail		Apartment & Other		Total
New England	$	134.9	$	26.3	$	74.6	$	115.7	$	351.5
Middle Atlantic		243.9		256.5		336.5		117.2		954.1
East North Central		106.2		214.8		563.7		520.1		1,404.8
West North Central		11.1		67.3		68.8		138.2		285.4
South Atlantic		135.7		476.6		730.9		466.7		1,809.9
East South Central		22.1		43.3		117.9		126.3		309.6
West South Central		40.0		167.7		185.2		232.3		625.2
Mountain		106.5		133.6		136.9		327.6		704.6
Pacific		331.0		411.3		417.6		343.8		1,503.7

Total current principal	$	1,131.4	$	1,797.4	$	2,632.1	$	2,387.9	$	7,948.8

Valuation allowance										(42.4)
Unamortized premium										2.6
Fair value adjustment on mortgage loans held for sale										(48.4)
Cumulative change in fair value of hedged mortgage loans										27.6

Total mortgage loans on real estate, net									$	7,888.2

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Deferred Policy Acquisition Costs


($ in millions)	Individual Investments		Retirement Plans		Individual Protection		Corporate and Other		Total
Nine Months Ended September 30, 2009
Balance, beginning of period	$	1,883.0	$	290.1	$	1,734.8	$	615.9	$	4,523.8
Capitalization		224.0		23.5		129.4		-		376.9
Amortization		(147.9)		(33.2)		(127.8)		-		(308.9)
Adjustments to unrealized gains and losses on securities available-for-sale and other		(266.8)		(5.1)		23.0		(576.0)		(824.9)

Balance, end of period	$	1,692.3	$	275.3	$	1,759.4	$	39.9	$	3,766.9


Year Ended December 31, 2008
Balance, beginning of period	$	2,078.0	$	292.9	$	1,637.6	$	87.1	$	4,095.6
Capitalization		326.5		34.5		226.6		-		587.6
Amortization		(647.7)		(40.6)		(129.9)		-		(818.2)
Adjustments to unrealized gains and losses on securities available-for-sale and other		126.2		3.3		0.5		528.8		658.8

Balance, end of period	$	1,883.0	$	290.1	$	1,734.8	$	615.9	$	4,523.8


Year Ended December 31, 2007
Balance, beginning of period	$	1,945.0	$	292.1	$	1,530.5	$	83.4	$	3,851.0
Capitalization		398.6		36.1		196.6		-		631.3
Amortization		(287.1)		(27.4)		(93.1)		-		(407.6)
Adjustments to unrealized gains and losses on securities available-for-sale and other		21.5		(7.9)		3.6		3.7		20.9

Balance, end of period	$	2,078.0	$	292.9	$	1,637.6	$	87.1	$	4,095.6


Year Ended December 31, 2006
Balance, beginning of period	$	1,936.4	$	294.5	$	1,412.0	$	42.5	$	3,685.4
Capitalization		350.8		36.8		200.8		-		588.4
Amortization		(352.7)		(38.3)		(81.6)		-		(472.6)
Adjustments to unrealized gains and losses on securities available-for-sale and other		10.5		(0.9)		(0.7)		40.9		49.8

Balance, end of period	$	1,945.0	$	292.1	$	1,530.5	$	83.4	$	3,851.0


Year Ended December 31, 2005
Balance, beginning of period	$	2,094.6	$	304.9	$	1,314.2	$	(152.6)	$	3,561.1
Capitalization		250.7		37.2		201.1		-		489.0
Amortization		(329.3)		(47.4)		(102.7)		-		(479.4)
Adjustments to unrealized gains and losses on securities available-for-sale and other		(79.6)		(0.2)		(0.6)		195.1		114.7

Balance, end of period	$	1,936.4	$	294.5	$	1,412.0	$	42.5	$	3,685.4


Year Ended December 31, 2004
Balance, beginning of period	$	2,052.1	$	303.3	$	1,223.3	$	(248.8)	$	3,329.9
Capitalization		293.6		41.5		204.1		-		539.2
Amortization		(276.1)		(39.9)		(114.4)		-		(430.4)
Adjustments to unrealized gains and losses on securities available-for-sale and other		25.0		-		1.2		96.2		122.4

Balance, end of period	$	2,094.6	$	304.9	$	1,314.2	$	(152.6)	$	3,561.1

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Value of Business Acquired


($ in millions)	Individual Investments		Retirement Plans		Individual Protection		Corporate and Other		Total
Nine Months Ended September 30, 2009
Balance, beginning of period	$	5.6	$	11.8	$	310.8	$	5.8	$	334.0
Amortization		(0.7)		(1.4)		(35.5)		(2.9)		(40.5)
Adjustments to realized and unrealized gains and losses on securities available-for-sale		0.1		(7.7)		1.2		2.8		(3.6)

Balance, end of period	$	5.0	$	2.7	$	276.5	$	5.7	$	289.9


Year Ended December 31, 2008
Balance, beginning of period	$	13.5	$	5.8	$	329.5	$	6.0	$	354.8
Amortization		(7.8)		(1.3)		(22.1)		(0.3)		(31.5)
Adjustments to realized and unrealized gains and losses on securities available-for-sale		(0.1)		7.3		3.4		0.1		10.7

Balance, end of period	$	5.6	$	11.8	$	310.8	$	5.8	$	334.0


Year Ended December 31, 2007
Balance, beginning of period	$	14.1	$	4.9	$	367.5	$	6.2	$	392.7
Amortization		(5.3)		(2.2)		(39.3)		(0.2)		(47.0)
Adjustments to realized and unrealized gains and losses on securities available-for-sale		4.7		3.1		1.3		-		9.1

Balance, end of period	$	13.5	$	5.8	$	329.5	$	6.0	$	354.8


Year Ended December 31, 2006
Balance, beginning of period	$	29.4	$	15.7	$	398.2	$	6.4	$	449.7
Amortization		(6.5)		(6.9)		(32.6)		-		(46.0)
Adjustments to realized and unrealized gains and losses on securities available-for-sale		(8.8)		(3.9)		1.9		(0.2)		(11.0)

Balance, end of period	$	14.1	$	4.9	$	367.5	$	6.2	$	392.7


Year Ended December 31, 2005
Balance, beginning of period	$	27.1	$	16.5	$	430.4	$	6.4	$	480.4
Amortization		(7.2)		(3.5)		(34.3)		-		(45.0)
Adjustments to realized and unrealized gains and losses on securities available-for-sale		9.5		2.7		2.1		-		14.3

Balance, end of period	$	29.4	$	15.7	$	398.2	$	6.4	$	449.7


Year Ended December 31, 2004
Balance, beginning of period	$	33.0	$	19.6	$	463.6	$	6.8	$	523.0
Amortization		(7.5)		(4.7)		(40.1)		-		(52.3)
Adjustments to realized and unrealized gains and losses on securities available-for-sale		1.6		1.6		6.9		(0.4)		9.7

Balance, end of period	$	27.1	$	16.5	$	430.4	$	6.4	$	480.4

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009


Individual Variable Annuity Guaranteed Minimum Death Benefits

($ in millions)	September 30, 2009						December 31, 2008
	Account Values		Net Amount at Risk				Account Values		Net Amount at Risk
GMDB Benefit Type	Account Values		Gross		Net		Account Values		Gross		Net
Return of premium	$	6,447.5	$	152.6	$	135.8	$	5,994.3	$	472.3	$	440.6
Reset		13,728.9		1,412.7		1,141.4		12,542.1		3,119.1		2,477.7
Ratchet		14,478.9		2,456.5		2,107.0		12,423.4		4,377.8		3,775.3
Roll-up		298.6		123.0		19.2		290.4		163.8		25.9
Combo		1,787.3		378.4		376.6		1,704.1		623.4		621.2

Subtotal	$	36,741.2		4,523.2		3,780.0	$	32,954.3		8,756.4		7,340.7


Earnings enhancement	$	377.4	$	17.1	$	17.1	$	333.5	$	7.2	$	7.2

Total			$	4,540.3	$	3,797.1			$	8,763.6	$	7,347.9

GAAP GMDB reserves					$	78.9					$	192.9
Statutory GMDB reserves					$	171.3					$	308.5

	December 31, 2007						December 31, 2006
	Account Values		Net Amount at Risk				Account Values		Net Amount at Risk
GMDB Benefit Type	Account Values		Gross		Net		Account Values		Gross		Net
Return of premium	$	9,086.7	$	23.4	$	18.7	$	9,243.7	$	42.9	$	33.9
Reset		18,055.4		120.7		62.1		17,752.7		177.3		49.3
Ratchet		15,931.7		224.4		133.3		13,651.6		195.2		31.7
Roll-up		492.2		61.7		8.4		568.1		87.7		11.3
Combo		2,555.5		48.0		47.0		2,588.7		30.1		28.9

Subtotal	$	46,121.5		478.2		269.5	$	43,804.8		533.2		155.1


Earnings enhancement	$	519.2	$	49.8	$	49.8	$	477.8	$	41.1	$	41.1

Total			$	528.0	$	319.3			$	574.3	$	196.2


GAAP GMDB reserves					$	47.6					$	29.6
Statutory GMDB reserves					$	34.4					$	27.3

	December 31, 2005						December 31, 2004
	Account Values		Net Amount at Risk				Account Values		Net Amount at Risk
GMDB Benefit Type	Account Values		Gross		Net		Account Values		Gross		Net
Return of premium	$	9,272.7	$	83.3	$	32.5	$	9,848.6	$	136.8	$	54.1
Reset		17,130.4		388.0		61.8		18,084.1		751.7		158.1
Ratchet		11,233.2		410.3		31.6		10,322.1		644.5		46.3
Roll-up		629.1		143.8		8.4		707.2		167.5		9.7
Combo		2,530.6		45.7		22.3		2,519.9		39.8		19.2

Subtotal	$	40,796.0		1,071.1		156.6	$	41,481.9		1,740.3		287.4


Earnings enhancement	$	418.5	$	27.6	$	27.6	$	310.1	$	18.0	$	18.0

Total			$	1,098.7	$	184.2			$	1,758.3	$	305.4

GAAP GMDB reserves					$	27.2
Statutory GMDB reserves					$	38.4

	Net Amount at Risk, Net of Reinsurance by Benefit Type and Age at September 30, 2009												Wghtd. Avg. Attained Age
GMDB Benefit Type	0 to 50		51 to 60		61 to 70		71 to 80		Over 81		Total		Wghtd. Avg. Attained Age
Return of premium	$	33.7	$	46.9	$	37.8	$	12.2	$	5.2	$	135.8	61
Reset		132.3		320.3		396.6		217.2		75.0		1,141.4	64
Ratchet		169.2		459.8		700.0		488.6		289.4		2,107.0	67
Roll-up		1.6		3.9		5.2		4.6		3.9		19.2	73
Combo		20.7		63.8		126.5		109.6		56.0		376.6	69

Subtotal		357.5		894.7		1,266.1		832.2		429.5		3,780.0	65

Earnings enhancement		1.3		3.9		7.2		4.7		-		17.1	64

Total	$	358.8	$	898.6	$	1,273.3	$	836.9	$	429.5	$	3,797.1	65

Definition of GMDB Benefit Types

Return of premium: provides the greater of account value or total deposits made to the contract less any partial withdrawals and assessments, which is referred to as “net premiums.” In general, there is no lock in age for this benefit, however for some contracts, the GMDB reverts to the account value at a specified age, typically age 75.

Reset: provides the greater of a return of premium death benefit or the most recent five-year anniversary (prior to lock in age) account value adjusted for withdrawals. For most contracts, this GMDB locks in at age 86 or 90 and for others the GMDB reverts to the account value at age 75, 85, 86 or 90.

Ratchet: provides the greater of a return of premium death benefit or the highest “anniversary” account value (prior to age 86) adjusted for withdrawals. Currently, there are three versions of ratchet, with the difference being based on the definition of anniversary: monthaversary—evaluated monthly, annual—evaluated annually, and five-year—evaluated every fifth year. The majority of the business is an annual ratchet.

Rollup: provides the greater of a return of premium death benefit or premiums adjusted for withdrawals accumulated at generally 5% simple interest up to the earlier of age 86 or 200% of adjusted premiums. There are two variations of this benefit. For certain contracts, this GMDB locks in at age 86 and for others the GMDB reverts to the account value at age 75.

Combo: provides the greater of annual ratchet death benefit or the rollup death benefit. This benefit locks in at either age 81 or 86.

Earnings enhancement: provides an enhancement to the death benefit that is a specified percentage of the adjusted earnings accumulated on the contract at the date of death. There are two versions of this benefit, one where the benefit expires at age 86 and a credit of 4% of account value is deposited into the contract and the second where the benefit doesn’t have an end age, but has a cap on the payout and is paid upon the first death in a spousal situation. Both benefits have age limitations. This benefit is paid in addition to any other death benefits paid under the contract.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Individual Variable Annuity Guaranteed Minimum Accumulation Benefits


($ in millions)	September 30, 2009						December 31, 2008
	Account Values		Net Amount at Risk				Account Values		Net Amount at Risk
GMAB Benefit Type	Account Values		Gross		Net		Account Values		Gross		Net

5 Year	$	3,067.7	$	218.9	$	218.9	$	2,867.6	$	499.0	$	499.0
7 Year		2,521.7		222.8		222.8		2,265.9		482.9		482.9
10 Year		753.1		50.3		50.3		677.9		132.2		132.2

Total	$	6,342.5	$	492.0	$	492.0	$	5,811.4	$	1,114.1	$	1,114.1


CPPLI included in totals	$	5,268.1	$	488.6	$	488.6	$	4,585.6	$	1,061.2	$	1,061.2

	December 31, 2007						December 31, 2006
	Account Values		Net Amount at Risk				Account Values		Net Amount at Risk
GMAB Benefit Type	Account Values		Gross		Net		Account Values		Gross		Net

5 Year	$	2,985.6	$	4.6	$	4.6	$	2,131.1	$	0.1	$	0.1
7 Year		2,644.1		6.2		6.2		1,865.7		0.1		0.1
10 Year		927.3		1.3		1.3		784.0		-		-

Total	$	6,557.0	$	12.1	$	12.1	$	4,780.8	$	0.2	$	0.2


CPPLI included in totals	$	4,772.4	$	12.1	$	12.1	$	2,946.4	$	0.2	$	0.2

	December 31, 2005						December 31, 2004
	Account Values		Net Amount at Risk				Account Values		Net Amount at Risk
GMAB Benefit Type	Account Values		Gross		Net		Account Values		Gross		Net

5 Year	$	1,041.8	$	0.5	$	0.5	$	512.2	$	0.1	$	0.1
7 Year		1,103.5		0.2		0.2		647.5		-		-
10 Year		595.5		0.1		0.1		332.4		-		-

Total	$	2,740.8	$	0.8	$	0.8	$	1,492.1	$	0.1	$	0.1


CPPLI included in totals	$	939.1	$	0.6	$	0.6		-		-		-

Individual Variable Annuity Guaranteed Minimum Income Benefits

($ in millions)	September 30, 2009						December 31, 2008
	Account Values		Net Amount at Risk				Account Values		Net Amount at Risk
GMIB Benefit Type	Account Values		Gross		Net		Account Values		Gross		Net

Ratchet	$	260.6	$	1.4	$	0.4	$	244.7	$	14.1	$	5.6
Roll-up		687.9		11.0		0.5		659.5		22.3		1.3
Combo		0.1		-		-		0.1		-		-

Total	$	948.6	$	12.4	$	0.9	$	904.3	$	36.4	$	6.9


	December 31, 2007						December 31, 2006
	Account Values		Net Amount at Risk				Account Values		Net Amount at Risk
GMIB Benefit Type	Account Values		Gross		Net		Account Values		Gross		Net

Ratchet	$	425.2	$	0.1	$	-	$	450.6	$	0.2	$	-
Roll-up		1,119.9		1.8		-		1,187.1		3.3		-
Combo		0.3		-		-		0.5		-		-

Total	$	1,545.4	$	1.9	$	-	$	1,638.2	$	3.5	$	-


	December 31, 2005						December 31, 2004
	Account Values		Net Amount at Risk				Account Values		Net Amount at Risk
GMIB Benefit Type	Account Values		Gross		Net		Account Values		Gross		Net

Ratchet	$	444.7	$	0.3	$	-	$	439.7	$	0.7	$	-
Roll-up		1,189.3		5.0		-		1,188.7		7.2		-
Combo		0.5		-		-		1.0		-		-

Total	$	1,634.5	$	5.3	$	-	$	1,629.4	$	7.9	$	-

Definition of Benefit Types

5 Year, 7 Year, 10 Year: the waiting period required to receive the guaranteed accumulation benefit.

Ratchet: provides an annuitization value equal to the greater of account value, net premiums paid or the highest one-year anniversary account value (prior to age 86) adjusted for withdrawals.

Rollup: provides an annuitization value equal to the greater of account value and premiums adjusted for withdrawals accumulated at 5% compound interest up to the earlier of age 86 or 200% of adjusted premiums.

Combo: provides an annuitization value equal to the greater of account value, ratchet GMIB benefit or rollup GMIB benefit.

CPPLI: Capital Preservation Plus Lifetime Income is a living benefit rider that combines a GMAB feature in its first five to 10 years with a lifetime withdrawal benefit which begins upon the maturity of the GMAB and extends for the duration of the insured’s life.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

This Page Intentionally Left Blank.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Individual Variable Annuity Guaranteed Lifetime Withdrawal Benefits


($ in millions)	September 30, 2009						December 31, 2008
	Account		Net Amount at Risk				Account		Net Amount at Risk
GLWB Benefit Type	Values		Gross		Net		Values		Gross		Net

L.INC	$	6,228.4	$	138.1	$	138.1	$	3,320.8	$	571.5	$	571.5
Portfolio Income Insurance ⁽¹⁾		4.2		-		-		-		-		-

Total	$	6,232.6	$	138.1	$	138.1	$	3,320.8	$	571.5	$	571.5

⁽¹⁾ Funds for the Portfolio Income Insurance product are not managed by Nationwide Financial.

	December 31, 2007						December 31, 2006
	Account		Net Amount at Risk				Account		Net Amount at Risk
GLWB Benefit Type	Values		Gross		Net		Values		Gross		Net

L.INC	$	2,865.8	$	-	$	-	$	993.8	$	-	$	-

Total	$	2,865.8	$	-	$	-	$	993.8	$	-	$	-

Individual Variable Annuity Guaranteed Minimum Death Benefit Reserve Activity


($ in millions)	Q3’08		Q4’08		Q1’09		Q2’09		Q3’09
Balance, beginning of period	$	59.5	$	95.3	$	192.9	$	261.3	$	148.6

Expense provision & True Up		50.0		138.7		102.9		(78.4)		(43.0)
Net claims paid		(14.2)		(41.1)		(34.5)		(34.3)		(26.7)

Balance, end of period	$	95.3	$	192.9	$	261.3	$	148.6	$	78.9

Individual Fixed Annuity and Fixed Option of Variable Annuity Summary of Crediting Rate Detail as of September 30, 2009


	Ratchet			Reset
($ in millions)	Account Value		Wtd. Avg. Crediting Rate	Account Value		Wtd. Avg. Crediting Rate
Minimum interest rate of 3.50% or greater	$	-	-	$	851.7	3.65%
Minimum interest rate of 3.00% to 3.49%		1,025.1	4.03%		2,537.7	3.09%
Minimum interest rate lower than 3.00%		1,061.6	3.64%		1,208.9	3.60%
MVA with no minimum interest rate guarantee		-	-		-	-

Total	$	2,086.7	3.83%	$	4,598.3	3.33%


	MVA & Other			Total
	Account Value		Wtd. Avg. Crediting Rate	Account Value		Wtd. Avg. Crediting Rate
Minimum interest rate of 3.50% or greater	$	-	-		851.7	3.65%
Minimum interest rate of 3.00% to 3.49%		-	-		3,562.8	3.36%
Minimum interest rate lower than 3.00%		215.8	1.44%		2,486.3	3.43%
MVA with no minimum interest rate guarantee		1,713.5	2.81%		1,713.5	2.81%

Total	$	1,929.3	2.65%	$	8,614.3	3.30%

Definition of Benefit Types

L.INC: Lifetime Income is a living benefit rider that provides a lifetime withdrawal benefit to the insured.

The withdrawal percent is based on the insured’s age at the time of the first withdrawal.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Historical Financial Highlights



($ in millions)	2004		2005		2006		2007		2008
Operating Revenues
Individual investments	$	1,487.0	$	1,528.2	$	1,526.6	$	1,469.8	$	1,385.4
Retirement plans		982.5		1,045.2		1,115.6		1,146.2		1,091.3
Individual protection		1,318.2		1,321.1		1,321.0		1,349.7		1,405.2
Corporate and other		421.1		503.5		599.9		716.0		382.5

Total operating revenues	$	4,208.8	$	4,398.0	$	4,563.1	$	4,681.7	$	4,264.4

Net realized investment gains/(losses) ⁽¹⁾		(40.9)		18.2		(0.6)		(152.8)		(1,556.8)

Total revenues	$	4,167.9	$	4,416.2	$	4,562.5	$	4,528.9	$	2,707.6


Pre-tax Operating Earnings (Loss)
Individual investments	$	244.0	$	250.7	$	223.1	$	300.7	$	(220.2)
Retirement plans		183.3		191.3		221.2		252.6		202.2
Individual protection		247.3		266.1		280.8		299.8		256.5
Corporate and other		66.8		54.9		65.1		74.6		(188.8)

Pre-tax operating earnings	$	741.4	$	763.0	$	790.2	$	927.7	$	49.7
Federal income tax expense		190.3		135.1		69.0		235.2		(35.9)

Net operating earnings	$	551.1	$	627.9	$	721.2	$	692.5	$	85.6

Net realized investment gains/(losses), net of taxes ⁽²⁾		(26.6)		11.1		5.9		(82.8)		(921.4)

Discontinued operations, net of taxes		(4.7)		(28.6)		(3.1)		23.1		(13.2)

Cumulative effect of adoption of accounting principles, net of taxes		(3.4)		-		-		(6.0)		-

Net income	$	516.4	$	610.4	$	724.0	$	626.8	$	(849.0)

New and Renewal Production Premiums and Deposits by Channel
Non-affiliated
Independent broker/dealers	$	5,223.2	$	5,266.0	$	5,758.2	$	6,354.7	$	5,556.3
Financial institutions		2,618.5		1,808.0		2,295.1		2,501.2		2,385.6
Wirehouse and regional firms		1,992.1		1,912.5		2,433.6		2,879.0		2,399.4
Pension plan administrators		476.1		469.0		532.8		507.7		459.1
Life specialists		382.8		382.4		580.6		329.6		353.6
Affiliated
Nationwide Retirement Solutions		3,665.9		3,914.7		4,050.2		4,299.9		4,509.9
Nationwide Financial Network		1,475.2		1,415.8		1,486.5		1,468.9		1,257.5
Mullin TBG		184.2		275.4		226.1		223.2		191.5

Total	$	16,018.0	$	15,443.8	$	17,363.1	$	18,564.2	$	17,112.9

⁽¹⁾	Excluding operating items (periodic net amounts paid or received on interest rate swaps that do not qualify for hedge accounting treatment, trading portfolio realized gains and losses, trading portfolio valuation changes, and net realized gains and losses related to securitizations).

⁽²⁾

Note:

The results of operations of TBG Financial are reflected as discontinued for 2008 and all prior years. The results of operations of The 401(k) Company are reflected as discontinued for 2007 and all prior years. In addition, the results of operations of Cap Pro Holding, Inc., Nationwide Financial Services (Bermuda), Ltd. and William J. Lynch & Associates, Inc. are reflected as discontinued for 2005 and 2004.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Historical Financial Highlights


($ in millions)	2004		2005		2006		2007		2008
Balance Sheet Data
Total assets	$	117,121.2	$	116,361.2	$	119,531.1	$	119,207.1	$	94,472.6

Customer funds managed and administered	$	140,296.6	$	145,484.8	$	156,909.9	$	162,365.4	$	126,925.8

Total equity
Including AOCI and NCI	$	5,614.7	$	5,829.9	$	6,069.7	$	5,792.2	$	3,474.8
AOCI		432.2		100.7		31.9		(81.5)		(1,370.8)
NCI		380.7		442.3		447.0		467.6		416.6

Excluding AOCI and NCI	$	4,801.8	$	5,286.9	$	5,590.8	$	5,406.1	$	4,429.0


Net operating return on average equity excluding AOCI and NCI		12.1%		12.4%		13.2%		12.5%		1.7%

Adjusted net operating return on average equity excluding AOCI and NCI ⁽¹⁾		12.1%		11.7%		11.3%		12.5%		1.7%

Statutory capital and surplus	$	2,967.5	$	3,262.1	$	3,336.6	$	3,175.1	$	2,749.9

⁽¹⁾	2005 return adjusted for $37.9 million impact of one-time tax adjustments associated with separate account dividend received deductions.

2006 return adjusted for $113.1 million of released tax reserves and associated tax-related adjustments relating to prior tax years.


Note:		The results of operations of TBG Financial are reflected as discontinued for 2008 and all prior years. The results of operations of The 401(k) Company are reflected as discontinued for 2007 and all prior years. In addition, the results of operations of Cap Pro Holding, Inc., Nationwide Financial Services (Bermuda), Ltd. and William J. Lynch & Associates, Inc. are reflected as discontinued for 2005 and 2004.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Historical Consolidated Earnings Trends


($ in millions)	2004		2005		2006		2007		2008
Operating Revenues
Asset fees	$	620.7	$	639.9	$	691.2	$	773.2	$	677.1
Cost of insurance charges		379.7		388.5		402.0		420.5		449.7
Administrative fees		117.9		114.9		139.1		119.4		140.4
Surrender fees		104.3		98.2		83.7		70.8		73.3

Total policy charges		1,222.6		1,241.5		1,316.0		1,383.9		1,340.5

Premiums		402.7		399.9		441.5		432.7		417.7
Net investment income		2,231.7		2,344.1		2,300.2		2,276.7		1,971.3
Operating realized gains (losses)		8.7		2.6		9.7		(12.4)		6.9
Other income		343.1		409.9		495.7		600.8		528.0

Total operating revenues		4,208.8		4,398.0		4,563.1		4,681.7		4,264.4

Benefits
Interest credited to policyholder accounts		1,328.3		1,380.9		1,381.5		1,342.0		1,210.8
Life insurance and annuity benefits		548.6		574.9		646.8		682.9		887.2
Policyholder dividends		101.4		107.3		90.7		83.1		93.1

Total benefits		1,978.3		2,063.1		2,119.0		2,108.0		2,191.1

Expenses
Commissions		573.2		557.5		658.3		738.8		674.5
General operating expenses		867.6		847.9		959.0		959.9		980.0
Debt extinguishment costs		-		21.7		-		10.2		-
Deferral of policy acquisition costs		(539.2)		(489.0)		(588.4)		(631.3)		(587.6)

Subtotal		901.6		938.1		1,028.9		1,077.6		1,066.9

Amortization of policy acquisition costs		430.4		479.4		472.6		407.6		818.2
Amortization of VOBA and other intangible assets		54.7		46.8		49.3		50.2		32.9
Interest expense		102.4		107.6		103.1		110.6		105.6

Total expenses		1,489.1		1,571.9		1,653.9		1,646.0		2,023.6


Pre-tax operating earnings	$	741.4	$	763.0	$	790.2	$	927.7	$	49.7

Federal income tax expense		190.3		135.1		69.0		235.2		(35.9)


Net operating earnings	$	551.1	$	627.9	$	721.2	$	692.5	$	85.6

Net realized investment gains/(losses), net of taxes ⁽¹⁾
Realized gains/(losses) on sales, net of hedging		45.3		43.8		17.1		8.5		(22.4)
Other-than-temporary impairments, including mortgage loan valuation allowance adjustment		(67.1)		(26.9)		(11.0)		(76.1)		(745.2)
Credit default swaps		0.3		(4.8)		(0.8)		(3.9)		(4.5)
Derivatives, excluding hedging gains and losses on sales and credit default swaps		(3.4)		0.8		(0.4)		(10.4)		(174.6)
Amounts credited to policyholder dividend obligation		(4.7)		(3.3)		-		(1.7)		24.7
Adjustment to VOBA amortization		3.0		1.5		1.0		0.8		0.6

Subtotal		(26.6)		11.1		5.9		(82.8)		(921.4)

Discontinued operations, net of taxes		(4.7)		(28.6)		(3.1)		23.1		(13.2)

Cumulative effect of adoption of accounting principles, net of taxes		(3.4)		-		-		(6.0)		-

Net income	$	516.4	$	610.4	$	724.0	$	626.8	$	(849.0)

⁽¹⁾


Note:		The results of operations of TBG Financial are reflected as discontinued for 2008 and all prior years. The results of operations of The 401(k) Company are reflected as discontinued for 2007 and all prior years. In addition, the results of operations of Cap Pro Holding, Inc., Nationwide Financial Services (Bermuda), Ltd. and William J. Lynch & Associates, Inc. are reflected as discontinued for 2005 and 2004.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Historical Consolidated Balance Sheet


($ in millions)	2004		2005		2006		2007		2008
Assets
Investments
Securities available-for-sale at fair value:
Fixed maturity securities	$	31,516.8	$	30,106.0	$	28,160.0	$	27,189.2	$	23,069.7
Equity securities		87.0		75.6		67.6		124.2		60.7
Trading assets		15.9		34.4		24.3		37.7		66.1
Mortgage loans on real estate, net		9,267.5		9,148.6		8,909.8		8,316.1		7,888.2
Real estate		108.3		108.7		59.1		21.8		16.5
Policy loans		987.2		930.6		966.9		1,018.3		1,095.6
Other long-term investments		604.2		691.9		856.0		1,187.2		968.1
Short-term investments		2,009.9		2,073.2		2,215.6		1,173.6		3,055.0

Total investments		44,596.8		43,169.0		41,259.3		39,068.1		36,219.9

Cash		60.3		49.5		84.1		73.6		165.5
Accrued investment income		428.7		396.3		373.8		368.4		352.1
Deferred policy acquisition costs		3,561.1		3,685.4		3,851.0		4,095.6		4,523.8
Value of business acquired		480.4		449.7		392.7		354.8		334.0
Other intangible assets		48.7		45.6		47.6		44.3		17.1
Goodwill		382.3		364.5		359.0		301.2		246.5
Other assets		2,659.7		2,237.4		2,468.9		2,046.1		3,773.0
Separate account assets		64,903.2		65,963.8		70,694.7		72,855.0		48,840.7

Total assets	$	117,121.2	$	116,361.2	$	119,531.1	$	119,207.1	$	94,472.6


Liabilities and equity
Future policy benefits and claims	$	41,077.2	$	39,748.1	$	38,097.8	$	35,441.5	$	35,720.0
Short-term debt		230.8		252.3		85.2		309.3		295.7
Long-term debt		1,406.0		1,398.0		1,398.5		1,565.1		1,725.9
Other liabilities		3,889.3		3,169.1		3,185.2		3,244.0		4,415.5
Separate account liabilities		64,903.2		65,963.8		70,694.7		72,855.0		48,840.7

		111,506.5		110,531.3		113,461.4		113,414.9		90,997.8

Total equity		5,614.7		5,829.9		6,069.7		5,792.2		3,474.8

Total liabilities and equity	$	117,121.2	$	116,361.2	$	119,531.1	$	119,207.1	$	94,472.6


Capital Structure

($ in millions)	2004		2005		2006		2007		2008

Total capital, including AOCI and NCI	$	7,020.7	$	7,227.9	$	7,468.2	$	7,357.3	$	5,200.7
Less AOCI		432.2		100.7		31.9		(81.5)		(1,370.8)
Less NCI		380.7		442.3		447.0		467.6		416.6

Total capital, excluding AOCI and NCI	$	6,207.8	$	6,684.9	$	6,989.3	$	6,971.2	$	6,154.9


Leverage, excluding AOCI and NCI
Long-term debt—to—total capital		22.6%		20.9%		20.0%		22.5%		28.0%

Ratio of pre-tax operating earnings before interest expense to interest expense		8.2X		8.1X		8.7X		9.4X		1.5X

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Individual Investments

Historical Earnings Trends


($ in millions)	2004		2005		2006		2007		2008
Operating Revenues
Asset fees	$	435.5	$	461.9	$	511.4	$	587.6	$	525.7
Administrative fees		15.7		16.2		20.4		27.1		33.7
Surrender fees		62.2		62.1		56.6		47.9		43.5

Total policy charges		513.4		540.2		588.4		662.6		602.9

Net Investment Income
General account assets		895.3		895.9		806.3		671.8		541.2
Charge for invested capital		(22.5)		(26.0)		(25.2)		(28.9)		(10.8)

Total net investment income		872.8		869.9		781.1		642.9		530.4

Premiums		90.8		102.9		142.5		133.3		120.2
Operating realized gains		-		-		-		-		106.9
Other income		10.0		15.2		14.6		31.0		25.0

Total operating revenues		1,487.0		1,528.2		1,526.6		1,469.8		1,385.4

Benefits
Interest credited to policyholder accounts		606.1		589.1		528.3		444.3		379.1
Immediate annuity benefits		76.1		89.2		126.9		119.6		114.0
Policy benefits		63.1		66.2		75.5		113.9		264.5

Total benefits		745.3		744.5		730.7		677.8		757.6

Expenses
Commissions		288.3		257.5		340.5		398.1		339.5
General operating expenses		219.4		189.7		223.9		199.4		179.5
Deferral of policy acquisition costs		(293.6)		(250.7)		(350.8)		(398.6)		(326.5)

Subtotal		214.1		196.5		213.6		198.9		192.5

Amortization of policy acquisition costs		276.1		329.3		352.7		287.1		647.7
Amortization of VOBA and other intangible assets		7.5		7.2		6.5		5.3		7.8

Total expenses		497.7		533.0		572.8		491.3		848.0

Pre-tax operating earnings (loss)	$	244.0	$	250.7	$	223.1	$	300.7	$	(220.2)

Key Ratios/Statistics
Average Account Values:
General account	$	16,211.1	$	15,966.7	$	14,041.3	$	11,814.2	$	10,576.8
Separate account		34,198.8		35,600.5		37,223.3		41,366.0		36,238.6
Advisory services program		99.1		309.3		508.1		634.9		443.4

Total average individual investment account values	$	50,509.0	$	51,876.5	$	51,772.7	$	53,815.1	$	47,258.8

Earned rate		5.52%		5.61%		5.74%		5.69%		5.12%
Credited rate		3.74%		3.69%		3.76%		3.76%		3.58%

Interest spread on average general account values		1.78%		1.92%		1.98%		1.93%		1.54%
Income from mortgage loan prepayments and bond call premiums		0.12%		0.21%		0.15%		0.15%		0.04%

Base interest spread on average general account values		1.66%		1.71%		1.83%		1.78%		1.50%


Total asset fees to average separate account values		1.27%		1.30%		1.37%		1.42%		1.45%

General operating expenses to average account values		0.43%		0.37%		0.43%		0.37%		0.38%

Pre-tax operating earnings (loss) to average account values		0.48%		0.48%		0.43%		0.56%		-0.47%

Pre-tax operating earnings (loss) to operating revenues		16.4%		16.4%		14.6%		20.5%		-15.89%

Average allocated capital	$	1,747.0	$	1,671.0	$	1,499.3	$	1,420.5	$	1,328.7

Return on average allocated capital		10.7%		13.5%		12.3%		16.7%		-8.8%

Note: The results of operations of Nationwide Financial Services (Bermuda), Ltd. are reflected as discontinued operations for 2005 and 2004.

Individual Investments

Account Value Activity


($ in millions)	2004		2005		2006		2007		2008
Individual Variable Annuities Balance, beginning of period	$	38,835.9	$	41,481.9	$	40,796.0	$	43,804.8	$	46,121.5
Deposits		4,409.2		3,661.2		5,034.9		5,984.7		4,557.8
Withdrawals and surrenders		(4,964.4)		(5,574.2)		(6,133.3)		(6,783.9)		(6,191.2)

Net flows		(555.2)		(1,913.0)		(1,098.4)		(799.2)		(1,633.4)
Investment performance/interest credited to policyholder accounts		3,681.9		2,922.1		4,742.3		3,739.9		(12,782.7)
Policy charges		(515.0)		(543.4)		(576.2)		(653.3)		(597.6)
Benefits and other		34.3		9.0		(58.9)		29.3		1,846.5
Acquisitions/(terminations), net		-		(1,160.6)		-		-		-

Balance, end of period	$	41,481.9	$	40,796.0	$	43,804.8	$	46,121.5	$	32,954.3

Individual Fixed Annuities Balance, beginning of period	$	8,630.7	$	8,902.5	$	8,041.8	$	6,536.1	$	4,717.3
Deposits		672.9		160.9		178.2		192.3		621.2
Withdrawals and surrenders		(753.6)		(1,044.0)		(1,893.8)		(2,203.6)		(1,083.6)

Net flows		(80.7)		(883.1)		(1,715.6)		(2,011.3)		(462.4)
Policyholder interest credited		362.7		327.7		284.4		207.3		151.8
Policy charges		(9.9)		(11.4)		(10.6)		(7.3)		(3.7)
Benefits and other		(0.3)		(4.3)		(63.9)		(7.5)		3.9
Acquisitions/(terminations), net		-		(289.6)		-		-		-

Balance, end of period	$	8,902.5	$	8,041.8	$	6,536.1	$	4,717.3	$	4,406.9

Income Products	$	1,901.6	$	1,978.3	$	2,025.6	$	2,101.0	$	2,107.4
Advisory Services Program	$	195.9	$	411.5	$	597.1	$	647.2	$	82.6

Total individual investment account values	$	52,481.9	$	51,227.6	$	52,963.6	$	53,587.0	$	39,551.2

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Individual Investments

Account Values by Product


($ in millions)	2004		2005		2006		2007		2008
Individual Variable Annuities
BEST of AMERICA products	$	33,573.0	$	32,937.0	$	36,106.8	$	38,371.2	$	27,934.2
Private label annuities		7,350.9		7,398.9		7,319.7		7,438.1		4,860.4
Nationwide Financial Network and other		558.0		460.1		378.3		312.2		159.7

Total individual variable annuities	$	41,481.9	$	40,796.0	$	43,804.8	$	46,121.5	$	32,954.3

Individual Fixed Annuities	$	8,902.5	$	8,041.8	$	6,536.1	$	4,717.3	$	4,406.9
Income Products	$	1,901.6	$	1,978.3	$	2,025.6	$	2,101.0	$	2,107.4
Advisory Services Program	$	195.9	$	411.5	$	597.1	$	647.2	$	82.6

Total individual investment account values	$	52,481.9	$	51,227.6	$	52,963.6	$	53,587.0	$	39,551.2


Individual Investments New and Renewal Production Premiums and Deposits by Product
($ in millions)	2004		2005		2006		2007		2008
Individual Variable Annuities
BEST of AMERICA products	$	3,674.3	$	3,135.5	$	4,390.9	$	5,169.0	$	3,791.8
Private label annuities		449.0		346.6		356.6		434.6		417.3
Nationwide Financial Network and other		7.0		4.7		3.6		2.8		1.9

Total individual variable annuities	$	4,130.3	$	3,486.8	$	4,751.1	$	5,606.4	$	4,211.0

Individual Fixed Annuities	$	858.8	$	194.4	$	186.5	$	156.3	$	603.0
Income Products	$	168.4	$	196.7	$	230.7	$	216.7	$	198.3
Advisory Services Program	$	181.0	$	231.3	$	222.8	$	147.2	$	54.0

Total new and renewal production premiums and deposits	$	5,338.5	$	4,109.2	$	5,391.1	$	6,126.6	$	5,066.3


Individual Investments New and Renewal Production Premiums and Deposits by Channel
($ in millions)	2004		2005		2006		2007		2008
Individual Variable Annuities
Non-affiliated
Independent broker/dealers	$	1,534.6	$	1,304.3	$	1,606.5	$	1,843.9	$	1,437.1
Wirehouse and regional firms		991.6		821.9		1,171.8		1,558.0		1,156.6
Financial institutions		1,270.8		1,031.5		1,558.8		1,788.4		1,341.9
Life specialists		2.3		0.3		0.8		0.1		-
Affiliated
Nationwide Financial Network		331.0		328.8		413.2		416.0		275.4

Total individual variable annuities	$	4,130.3	$	3,486.8	$	4,751.1	$	5,606.4	$	4,211.0

Individual Fixed Annuities
Non-affiliated
Independent broker/dealers	$	17.1	$	7.0	$	13.4	$	20.7	$	74.7
Wirehouse and regional firms		20.6		8.2		9.8		10.9		51.4
Financial institutions		774.3		129.4		72.4		55.0		369.9
Affiliated
Nationwide Financial Network		46.8		49.8		90.9		69.7		107.0

Total individual fixed annuities	$	858.8	$	194.4	$	186.5	$	156.3	$	603.0

Income Products
Non-affiliated
Independent broker/dealers	$	70.8	$	76.9	$	98.1	$	101.8	$	91.2
Wirehouse and regional firms		52.2		63.4		84.7		68.4		64.9
Financial institutions		23.4		29.2		30.7		30.3		27.0
Affiliated
Nationwide Financial Network		22.0		27.2		17.2		16.2		15.2

Total income products	$	168.4	$	196.7	$	230.7	$	216.7	$	198.3

Advisory Services Program
Non-affiliated
Independent broker/dealers	$	160.0	$	205.3	$	180.5	$	98.6	$	39.6
Financial institutions		8.9		8.1		15.5		11.6		4.2
Affiliated
Nationwide Financial Network		12.1		17.9		26.8		37.0		10.2

Total advisory services program	$	181.0	$	231.3	$	222.8	$	147.2	$	54.0


Total new and renewal production premiums and deposits	$	5,338.5	$	4,109.2	$	5,391.1	$	6,126.6	$	5,066.3

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Individual Variable Annuity Deferred Acquisition Costs

($ in millions)


	December 31, 2008
Year	Account Values		DAC Balance		Annualized Lapse Rate
1	$	3,551.5	$	285.5
2		3,868.7		317.3
3		3,363.7		195.0
4		2,320.8		139.5
5		2,465.6		130.8
6		2,812.8		119.7
7		2,893.3		103.6
8		2,512.9		103.7
9		1,902.7		88.5
10		1,338.3		64.8
11-15		4,507.0		222.3
16-20		1,159.0		50.3
21+		258.0		2.6

Total:	$	32,954.3	$	1,823.6	15.4%


	December 31, 2006
Year	Account Values		DAC Balance		Annualized Lapse Rate
1	$	4,633.0	$	285.2
2		3,194.1		174.3
3		3,639.6		186.5
4		4,425.8		191.2
5		4,584.6		165.4
6		4,697.1		169.4
7		4,599.3		153.3
8		2,862.0		97.0
9		2,514.9		89.7
10		1,934.5		84.0
11-15		5,635.7		233.9
16-20		783.7		30.1
21+		300.5		2.3

Total:	$	43,804.8	$	1,862.3	14.6%


	December 31, 2004
Year	Account Values		DAC Balance		Annualized Lapse Rate
1	$	3,748.9	$	253.1
2		4,649.3		259.9
3		4,844.1		239.2
4		5,106.3		243.4
5		4,917.0		206.2
6		3,813.5		148.0
7		3,708.0		121.0
8		2,624.7		101.5
9		2,315.0		84.8
10		1,690.1		62.5
11-15		3,427.8		132.6
16-20		316.6		13.6
21+		320.6		2.3

Total:	$	41,481.9	$	1,868.1	12.5%


December 31, 2007
Account Values		DAC Balance		Annualized Lapse Rate
$	5,368.6	$	290.5
	4,762.3		189.8
	3,177.3		160.6
	3,598.2		173.8
	4,310.5		178.7
	4,363.6		154.0
	4,593.7		163.6
	3,533.0		140.7
	2,309.3		97.3
	2,164.7		89.6
	6,371.0		294.7
	1,247.3		51.0
	322.0		3.4

$	46,121.5	$	1,987.7	14.9%


December 31, 2005
Account Values		DAC Balance		Annualized Lapse Rate
$	3,000.3	$	200.6
	3,521.0		212.8
	4,361.5		224.6
	4,519.7		199.0
	4,752.0		210.0
	4,662.3		189.1
	3,569.7		128.5
	3,006.1		96.8
	2,169.5		84.9
	2,029.1		75.5
	4,386.3		168.0
	512.5		19.4
	306.0		2.2

$	40,796.0	$	1,811.4	13.5%

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

This Page Intentionally Left Blank.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Retirement Plans

Historical Earnings Trends


($ in millions)	2004		2005		2006		2007		2008
Operating Revenues
Asset fees	$	150.8	$	137.8	$	134.0	$	132.5	$	103.6
Administrative fees		8.9		8.7		36.0		11.8		14.5
Surrender fees		12.1		8.2		4.5		3.0		1.8

Total policy charges		171.8		154.7		174.5		147.3		119.9

Net investment income		647.6		661.4		652.2		655.2		650.8
Other income		163.1		229.1		288.9		343.7		320.6

Total operating revenues		982.5		1,045.2		1,115.6		1,146.2		1,091.3
Benefits
Interest credited to policyholder accounts		446.1		455.0		451.6		443.3		435.9

Total benefits		446.1		455.0		451.6		443.3		435.9

Expenses
Commissions		111.3		133.3		151.6		171.0		157.0
General operating expenses		238.6		251.7		282.3		285.3		288.5
Deferral of policy acquisition costs		(41.5)		(37.2)		(36.8)		(36.1)		(34.5)

Subtotal		308.4		347.8		397.1		420.2		411.0

Amortization of policy acquisition costs		39.9		47.4		38.3		27.4		40.6
Amortization of VOBA and other intangible assets		4.8		3.7		7.4		2.7		1.6

Total expenses		353.1		398.9		442.8		450.3		453.2


Pre-tax operating earnings	$	183.3	$	191.3	$	221.2	$	252.6	$	202.2


Key Ratios/Statistics
Average Account Values:
General account	$	10,175.6	$	10,881.2	$	11,093.0	$	11,135.3	$	11,202.4
Separate account		20,287.9		19,792.0		18,512.4		17,723.6		13,993.9
Non insurance assets		8,315.6		12,500.3		16,515.0		20,747.9		19,759.9
Administration only		21,995.8		24,289.9		25,904.7		29,844.5		28,652.1

Total average retirement plan account values	$	60,774.9	$	67,463.4	$	72,025.1	$	79,451.3	$	73,608.3

Earned rate		6.36%		6.08%		5.88%		5.88%		5.81%
Credited rate		4.38%		4.18%		4.07%		3.98%		3.89%

Interest spread on average general account values		1.98%		1.90%		1.81%		1.90%		1.92%
Income from mortgage loan prepayments and bond call premiums		0.18%		0.20%		0.09%		0.11%		0.07%

Base interest spread on average general account values		1.80%		1.70%		1.72%		1.79%		1.85%


Total asset fees to average separate account values		0.74%		0.70%		0.72%		0.75%		0.74%

General operating expenses to average account values		0.39%		0.37%		0.39%		0.36%		0.39%

Pre-tax operating earnings to average account values		0.30%		0.28%		0.31%		0.32%		0.27%

Pre-tax operating earnings to operating revenues		18.7%		18.3%		19.8%		22.0%		18.5%

Average allocated capital	$	724.4	$	773.9	$	815.1	$	770.4	$	763.3

Return on average allocated capital		18.9%		20.7%		19.8%		23.4%		18.4%

Note: The results of operations of The 401(k) Company are reflected as discontinued operations for 2007 and all prior years.

Retirement Plans Account Value Activity
($ in millions)	2004		2005		2006		2007		2008
Private Sector Pension Plans
Balance, beginning of period	$	22,789.2	$	26,503.1	$	29,758.8	$	32,645.3	$	32,286.5

New deposits/other		5,619.9		6,104.9		6,203.8		6,629.9		6,000.8
Participant withdrawals and surrenders		(4,308.0)		(4,721.0)		(5,266.4)		(5,803.0)		(5,380.2)

Net flows		1,311.9		1,383.9		937.4		826.9		620.6
Investment performance/interest credited to policyholder accounts		2,596.3		2,083.3		3,654.9		2,497.5		(8,961.6)
Policy charges and other		(194.3)		(211.5)		(226.9)		(265.5)		(227.1)
Net, case acquisitions/(terminations)		-		-		(1,478.9)		(3,417.7)		(71.2)

Balance, end of period	$	26,503.1	$	29,758.8	$	32,645.3	$	32,286.5	$	23,647.2


Public Sector Pension Plans
Balance, beginning of period	$	34,545.4	$	38,925.2	$	40,092.0	$	43,951.8	$	48,260.1

New deposits/other		3,637.1		3,881.6		4,018.4		4,268.1		4,480.0
Participant withdrawals and surrenders		(2,242.5)		(2,638.9)		(2,412.8)		(3,057.8)		(3,256.5)

Net flows		1,394.6		1,242.7		1,605.6		1,210.3		1,223.5
Investment performance/interest credited		2,869.6		2,577.1		3,802.9		3,648.4		(10,057.8)
Policy charges and other		(65.8)		(69.4)		(94.8)		(82.3)		(70.4)
Net, case acquisitions/(terminations)		181.4		(2,583.6)		(1,453.9)		(468.1)		(204.5)

Balance, end of period	$	38,925.2	$	40,092.0	$	43,951.8	$	48,260.1	$	39,150.9

Total retirement plan account values	$	65,428.3	$	69,850.8	$	76,597.1	$	80,546.6	$	62,798.1

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Retirement Plans

Account Values by Product



($ in millions)	2004		2005		2006		2007		2008
Private Sector Pension Plans
BEST of AMERICA annuity products	$	8,845.8	$	7,791.9	$	7,557.1	$	7,178.6	$	4,543.5
BEST of AMERICA trust products		10,558.4		14,479.5		18,834.1		21,814.6		15,920.8

Subtotal BEST of AMERICA		19,404.2		22,271.4		26,391.2		28,993.2		20,464.3

Nationwide Financial Network products		1,483.7		1,378.4		1,268.2		1,014.5		778.5
Nationwide employee and agent benefit plans		4,985.3		5,504.2		4,435.6		1,795.4		1,954.4
Other		629.9		604.8		550.3		483.4		450.0

Total private sector pension plans	$	26,503.1	$	29,758.8	$	32,645.3	$	32,286.5	$	23,647.2

Public Sector Pension Plans
IRC Section 457 annuities	$	14,889.2	$	15,790.2	$	15,979.5	$	17,096.3	$	14,396.6
Administration only agreements		24,036.0		24,301.8		27,972.3		31,163.8		24,754.3

Total public sector pension plans	$	38,925.2	$	40,092.0	$	43,951.8	$	48,260.1	$	39,150.9


Total retirement plan account values	$	65,428.3	$	69,850.8	$	76,597.1	$	80,546.6	$	62,798.1


Retirement Plans New and Renewal Production Premiums and Deposits by Product

($ in millions)	2004		2005		2006		2007		2008
Private Sector Pension Plans
BEST of AMERICA annuity products	$	1,679.7	$	1,371.1	$	1,230.2	$	1,064.7	$	863.0
BEST of AMERICA trust products		3,232.0		3,974.9		4,504.0		5,126.3		4,710.6

Subtotal BEST of AMERICA		4,911.7		5,346.0		5,734.2		6,191.0		5,573.6

Nationwide Financial Network products		335.8		205.9		188.2		149.4		176.7
Other		28.1		75.8		69.4		82.7		111.1

Total private sector pension plans	$	5,275.6	$	5,627.7	$	5,991.8	$	6,423.1	$	5,861.4

Public Sector Pension Plans
IRC Section 457 annuities	$	1,514.2	$	1,544.8	$	1,533.3	$	1,548.5	$	1,771.8
Administration only agreements		2,122.9		2,336.9		2,484.9		2,719.6		2,706.7

Total public sector pension plans	$	3,637.1	$	3,881.7	$	4,018.2	$	4,268.1	$	4,478.5


Total new and renewal production premiums and deposits	$	8,912.7	$	9,509.4	$	10,010.0	$	10,691.2	$	10,339.9


Retirement Plans New and Renewal Production Premiums and Deposits by Channel

($ in millions)	2004		2005		2006		2007		2008
Private Sector Pension Plans
Non-affiliated
Independent broker/dealers	$	3,154.4	$	3,412.0	$	3,594.0	$	4,011.0	$	3,611.6
Wirehouse and regional firms		863.7		953.7		1,104.7		1,162.0		1,055.4
Financial institutions		493.3		551.2		559.8		546.9		578.6
Pension plan administrators		476.1		469.0		532.8		507.7		459.1
Affiliated
Nationwide Retirement Solutions		28.8		33.0		32.0		31.8		31.4
Nationwide Financial Network		259.3		208.8		168.5		163.7		125.3

Total private sector pension plans	$	5,275.6	$	5,627.7	$	5,991.8	$	6,423.1	$	5,861.4

Public Sector Pension Plans
Nationwide Retirement Solutions	$	3,637.1	$	3,881.7	$	4,018.2	$	4,268.1	$	4,478.5

Total new and renewal production premiums and deposits	$	8,912.7	$	9,509.4	$	10,010.0	$	10,691.2	$	10,339.9

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Individual Protection

Historical Earnings Trends


($ in millions)	2004		2005		2006		2007		2008
Operating Revenues
Asset fees	$	34.4	$	40.2	$	45.8	$	53.1	$	47.8
Cost of insurance charges		379.7		388.5		402.0		420.5		449.7
Administrative fees		93.3		90.0		82.7		80.5		92.2
Surrender fees		30.0		27.9		22.6		19.9		28.0

Total policy charges		537.4		546.6		553.1		574.0		617.7

Net Investment Income
General account assets		487.2		492.7		484.5		489.4		499.7
Charge for invested capital		(19.3)		(17.6)		(16.4)		(17.1)		(12.9)

Total net investment income		467.9		475.1		468.1		472.3		486.8

Premiums		311.9		297.0		299.0		299.4		297.5
Other income		1.0		2.4		0.8		4.0		3.2

Total operating revenues		1,318.2		1,321.1		1,321.0		1,349.7		1,405.2

Benefits
Interest credited to policyholder accounts		189.4		190.7		191.7		192.0		196.1
Life benefits		409.4		419.5		444.4		449.4		508.7
Policyholder dividends		101.4		107.3		90.7		83.1		93.1

Total benefits		700.2		717.5		726.8		724.5		797.9

Expenses
Commissions		148.9		140.2		137.8		140.8		162.6
General operating expenses		269.7		260.4		261.0		247.7		262.8
Deferral of policy acquisition costs		(204.1)		(201.1)		(200.8)		(196.6)		(226.6)

Subtotal		214.5		199.5		198.0		191.9		198.8

Amortization of policy acquisition costs		114.4		102.7		81.6		93.1		129.9
Amortization of VOBA and other intangible assets		41.8		35.3		33.8		40.4		22.1

Total expenses		370.7		337.5		313.4		325.4		350.8


Pre-tax operating earnings	$	247.3	$	266.1	$	280.8	$	299.8	$	256.5


Key Ratios/Statistics
General operating expenses to operating revenues		20.5%		19.7%		19.8%		18.4%		18.7%
Pre-tax operating earnings to operating revenues		18.8%		20.1%		21.3%		22.2%		18.3%
Average allocated capital	$	1,731.1	$	1,788.9	$	1,849.2	$	1,965.2	$	2,036.9
Return on average allocated capital		9.7%		10.5%		10.5%		10.6%		8.6%

Note: The results of operations of TBG Financial are reflected as discontinued for 2008 and all prior years. In addition, the results of operations of Nationwide Financial Services (Bermuda), Ltd. and William J. Lynch & Associates, Inc. are reflected as discontinued for 2005 and 2004.

Individual Protection Policy Reserves
($ in millions)	2004		2005		2006		2007		2008
Individual investment life	$	4,962.1	$	5,329.5	$	5,842.5	$	6,298.2	$	4,159.4
Corporate investment life - excluding experience rated BOLI		5,063.0		5,613.8		6,600.9		7,192.9		7,472.7
Corporate investment life - experience rated BOLI		381.1		1,130.8		1,913.5		2,085.9		1,076.2

Subtotal investment life		10,406.2		12,074.1		14,356.9		15,577.0		12,708.3

Traditional life		4,278.9		4,225.2		4,170.9		4,156.4		4,154.8
Universal life		997.9		1,089.3		1,159.0		1,257.1		1,386.9

Subtotal fixed life		5,276.8		5,314.5		5,329.9		5,413.5		5,541.7


Total individual protection policy reserves	$	15,683.0	$	17,388.6	$	19,686.8	$	20,990.5	$	18,250.0


Individual Protection Insurance In Force
($ in millions)	2004		2005		2006		2007		2008
Individual investment life	$	56,836.7	$	57,021.7	$	57,536.7	$	57,772.0	$	55,352.8
Corporate investment life - excluding experience rated BOLI		9,774.3		10,305.0		11,451.7		11,980.3		11,347.5
Corporate investment life - experience rated BOLI		1,129.8		13,330.5		13,312.7		13,311.2		13,259.3

Subtotal investment life		67,740.8		80,657.2		82,301.1		83,063.5		79,959.6

Traditional life		32,979.4		36,589.3		41,061.3		43,970.7		53,685.7
Universal life		8,505.5		9,114.6		9,950.3		10,484.5		11,714.8

Subtotal fixed life		41,484.9		45,703.9		51,011.6		54,455.2		65,400.5


Total individual protection insurance in force	$	109,225.7	$	126,361.1	$	133,312.7	$	137,518.7	$	145,360.1

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Individual Protection

New and Renewal Production Premiums and Deposits by Product


($ in millions)	2004		2005		2006		2007		2008
BEST of AMERICA Variable Life Series
First year production premiums and deposits	$	131.7	$	121.9	$	138.0	$	141.9	$	107.1
Renewal production premiums and deposits		307.9		304.1		299.3		307.0		285.0

Total BEST of AMERICA variable life series		439.6		426.0		437.3		448.9		392.1

Nationwide Financial Network Variable Life Products
First year production premiums and deposits		32.0		24.0		21.0		6.7		6.1
Renewal production premiums and deposits		223.8		205.0		180.7		183.7		155.7

Total Nationwide Financial Network variable life products		255.8		229.0		201.7		190.4		161.8

Corporate Owned Life Insurance (COLI)
First year production premiums and deposits		157.0		227.8		396.6		181.9		211.1
Renewal production premiums and deposits		407.5		429.7		409.3		370.8		334.0

Total COLI		564.5		657.5		805.9		552.7		545.1

Traditional/Universal life
First year production premiums and deposits		114.6		111.4		102.6		120.9		160.5
Renewal production premiums and deposits		392.3		401.3		414.5		433.5		447.2

Total traditional/universal life		506.9		512.7		517.1		554.4		607.7


Total new and renewal production premiums and deposits	$	1,766.8	$	1,825.2	$	1,962.0	$	1,746.4	$	1,706.7

Individual Protection New and Renewal Production Premiums and Deposits by Channel
($ in millions)	2004		2005		2006		2007		2008
Non-affiliated
Independent broker/dealers	$	286.3	$	260.5	$	265.7	$	278.7	$	302.1
Wirehouse and regional firms		64.0		65.3		62.6		79.7		71.1
Financial institutions		47.8		58.6		57.9		69.0		64.0
Life specialists		380.5		382.1		579.8		329.5		353.6
Affiliated
Nationwide Financial Network		804.0		783.3		769.9		766.3		724.4
Mullin TBG		184.2		275.4		226.1		223.2		191.5

Total new and renewal production premiums and deposits	$	1,766.8	$	1,825.2	$	1,962.0	$	1,746.4	$	1,706.7

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Investment Life

Historical Earnings Trends


($ in millions)	2004		2005		2006		2007		2008
Operating Revenues
Asset fees	$	34.4	$	40.2	$	45.8	$	53.1	$	47.8
Cost of insurance charges		334.9		339.0		344.3		353.1		363.4
Administrative fees		79.4		75.7		67.7		58.3		58.5
Surrender fees		29.2		26.3		20.2		17.3		24.3

Total policy charges		477.9		481.2		478.0		481.8		494.0

Net Investment Income
General account assets		150.2		157.2		150.8		152.4		153.3
Charge for invested capital		(19.3)		(17.6)		(16.4)		(17.1)		(12.9)

Total net investment income		130.9		139.6		134.4		135.3		140.4

Other income		1.0		2.4		0.8		4.0		3.2

Total operating revenues		609.8		623.2		613.2		621.1		637.6

Benefits
Interest credited to policyholder accounts		117.0		116.3		112.4		113.5		113.2
Life benefits		128.1		128.4		141.8		144.3		176.3

Total benefits		245.1		244.7		254.2		257.8		289.5

Expenses
Commissions		106.4		105.5		97.4		94.4		88.7
General operating expenses		148.7		132.8		133.8		126.4		145.0
Deferral of policy acquisition costs		(149.1)		(142.8)		(133.1)		(130.4)		(128.8)

Subtotal		106.0		95.5		98.1		90.4		104.9

Amortization of policy acquisition costs		85.1		85.7		80.2		57.2		86.5
Amortization of VOBA and other intangible assets		24.2		26.2		24.7		31.4		11.6

Total expenses		215.3		207.4		203.0		179.0		203.0



Pre-tax operating earnings	$	149.4	$	171.1	$	156.0	$	184.3	$	145.1


Key Ratios/Statistics
Cost of insurance per $1,000 of average net amount at risk ⁽¹⁾	$	5.88	$	6.01	$	6.10	$	6.27	$	6.48
Life benefits per $1,000 of average net amount at risk ⁽¹⁾	$	2.25	$	2.28	$	2.51	$	2.56	$	3.14
General operating expenses to operating revenues		24.4%		21.3%		21.8%		20.4%		22.7%
Pre-tax operating earnings to operating revenues		24.5%		27.5%		25.4%		29.7%		22.8%
Average allocated capital	$	1,191.5	$	1,246.1	$	1,273.2	$	1,303.2	$	1,291.6
Return on average allocated capital		8.8%		10.2%		8.9%		10.3%		8.0%

⁽¹⁾ Excludes experience rated BOLI corporate investment life. Note: The results of operations of TBG Financial are reflected as discontinued for 2008 and all prior years. In addition, the results of operations of Nationwide Financial Services (Bermuda), Ltd. and William J. Lynch & Associates, Inc. are reflected as discontinued for 2005 and 2004.

Investment Life Policy Reserve Activity

($ in millions)	2004		2005		2006		2007		2008
Balance, beginning of period	$	8,845.3	$	10,406.2	$	12,074.1	$	14,356.9	$	15,577.0

Deposits		1,642.7		2,153.8		2,208.6		1,265.6		1,187.7
Withdrawals and surrenders		(467.4)		(780.8)		(576.7)		(639.7)		(548.5)

Net flows		1,175.3		1,373.0		1,631.9		625.9		639.2

Investment performance/interest credited to policyholder accounts		842.8		731.6		1,290.5		1,064.1		(4,482.9)
Policy charges		(478.0)		(481.4)		(477.9)		(481.1)		(495.2)
Benefits and other		20.8		46.2		(161.7)		11.2		1,470.2
Acquired business		-		(1.5)		-		-		-

Balance, end of period	$	10,406.2	$	12,074.1	$	14,356.9	$	15,577.0	$	12,708.3

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Fixed Life

Historical Earnings Trends


($ in millions)	2004			2005			2006			2007			2008
Operating Revenues
Cost of insurance charges	$	44.8		$	49.5		$	57.7		$	67.4		$	86.3
Administrative fees		13.9			14.3			15.0			22.2			33.7
Surrender fees		0.8			1.6			2.4			2.6			3.7

Total policy charges		59.5			65.4			75.1			92.2			123.7

Net investment income		337.0			335.5			333.7			337.0			346.4
Premiums		311.9			297.0			299.0			299.4			297.5

Total operating revenues		708.4			697.9			707.8			728.6			767.6

Benefits
Interest credited to policyholder accounts		72.4			74.4			79.3			78.5			82.9
Life benefits		281.3			291.1			302.6			305.1			332.4
Policyholder dividends		101.4			107.3			90.7			83.1			93.1

Total benefits		455.1			472.8			472.6			466.7			508.4

Expenses
Commissions		42.5			34.7			40.4			46.4			73.9
General operating expenses		121.0			127.6			127.2			121.3			117.8
Deferral of policy acquisition costs		(55.0	)		(58.3	)		(67.7	)		(66.2	)		(97.8	)

Subtotal		108.5			104.0			99.9			101.5			93.9

Amortization of policy acquisition costs		29.3			17.0			1.4			35.9			43.4
Amortization of VOBA and other intangible assets		17.6			9.1			9.1			9.0			10.5

Total expenses		155.4			130.1			110.4			146.4			147.8


Pre-tax operating earnings	$	97.9		$	95.0		$	124.8		$	115.5		$	111.4


Key Ratios/Statistics
Life benefits per $1,000 of average life insurance in force	$	6.77		$	6.70		$	6.25		$	5.87		$	5.64
General operating expenses to operating revenues		17.1%			18.3%			18.0%			16.6%			15.3%
Pre-tax operating earnings to operating revenues		13.8%			13.6%			17.6%			15.9%			14.5%
Average allocated capital	$	539.6		$	542.9		$	576.1		$	662.0		$	745.2
Return on average allocated capital		11.8%			11.4%			14.1%			11.3%			9.7%

Fixed Life
Policy Reserve Activity
($ in millions)	2004			2005			2006			2007			2008
Traditional/Universal Life
Balance, beginning of period	$	5,051.8		$	5,276.8		$	5,314.5		$	5,329.9		$	5,413.5

Deposits		457.6			448.6			455.9			492.9			529.6
Withdrawals and surrenders		(196.9	)		(214.0	)		(214.5	)		(236.9	)		(239.7	)

Net flows		260.7			234.6			241.4			256.0			289.9

Interest credited to policyholder accounts		72.4			74.4			83.9			80.7			83.5
Policy charges		(59.5	)		(65.4	)		(74.8	)		(93.4	)		(124.7	)
Benefits and other		(48.6	)		(205.9	)		(235.1	)		(159.7	)		(120.5	)

Balance, end of period	$	5,276.8		$	5,314.5		$	5,329.9		$	5,413.5		$	5,541.7

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

This Page Intentionally Left Blank.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Corporate and Other

Historical Earnings Trends



*($ in millions)*	2004		2005		2006		2007		2008
Operating Revenues
Net investment income
General account assets	$	247.6	$	337.8	$	400.2	$	507.2	$	303.3
Periodic net coupon settlements on non-qualifying derivatives		(4.2)		(0.1)		(1.4)		(0.9)	$	-

Total net investment income		243.4		337.7		398.8		506.3		303.3

Operating realized gains (losses)		8.7		2.6		9.7		(12.4)		(100.0)
Other income		169.0		163.2		191.4		222.1		179.2

Total operating revenues		421.1		503.5		599.9		716.0		382.5

Benefits
Interest credited
Products		84.2		144.9		209.9		262.3		199.7
Periodic net coupon settlements on non-qualifying derivatives		2.5		1.2		-		0.1		-

Total benefits		86.7		146.1		209.9		262.4		199.7

Expenses
Commissions		24.7		26.5		28.4		28.9		15.4
General operating expenses		139.9		146.1		191.8		227.5		249.2
Amortization of VOBA and other intangible assets		0.6		0.6		1.6		1.8		1.4
Debt extinguishment costs		-		21.7		-		10.2		-
Interest expense		102.4		107.6		103.1		110.6		105.6

Total expenses		267.6		302.5		324.9		379.0		371.6


Pre-tax operating earnings (loss)	$	66.8	$	54.9	$	65.1	$	74.6	$	(188.8)

Note: The results of operations of TBG Financial are reflected as discontinued for 2008 and all prior years. In addition, the results of operations of Cap Pro Holding, Inc. and Nationwide Financial Services (Bermuda), Ltd. are reflected as discontinued for 2005 and 2004.

Medium Term Notes

*($ in millions)*	2004		2005		2006		2007		2008
Key Ratios/Statistics
Daily Average Account Values:
General account	$	4,701.8	$	4,048.7	$	4,055.9	$	4,323.7	$	4,127.1


Earned rate		3.09%		4.87%		6.29%		6.43%		4.87%
Credited rate		1.79%		3.58%		5.14%		5.35%		3.92%

Interest spread on daily average general account values		1.30%		1.29%		1.15%		1.08%		0.95%
Income from mortgage loan prepayments and bond call premiums		0.20%		0.14%		0.07%		0.19%		0.04%

Base interest spread on daily average general account values		1.10%		1.15%		1.08%		0.89%		0.91%


Corporate and Other Account Value Activity

*($ in millions)*	2004		2005		2006		2007		2008
Medium Term Notes
Balance, beginning of period	$	4,606.3	$	4,401.6	$	3,998.2	$	4,599.5	$	4,525.7

Deposits		900.0		900.0		1,775.0		1,349.8		125.0
Maturities		(1,115.2)		(1,305.4)		(1,180.3)		(1,420.0)		(1,423.8)

Net flows		(215.2)		(405.4)		594.7		(70.2)		(1,298.8)
Interest credited to policyholder accounts and amortization		88.4		151.2		213.4		232.6		161.4
Other benefits - interest payments		(77.9)		(149.2)		(206.8)		(236.2)		(171.1)

Balance, end of period	$	4,401.6	$	3,998.2	$	4,599.5	$	4,525.7	$	3,217.2


Nationwide Bank	$	-	$	-	$	222.3	$	798.3	$	1,763.5
Nationwide Funds Group	$	2,301.8	$	3,019.6	$	2,840.6	$	1,917.3	$	1,345.8

Total corporate and other account values	$	6,703.4	$	7,017.8	$	7,662.4	$	7,241.3	$	6,326.5

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Glossary

Advisory services program - Investment products, including mutual funds, separately managed accounts and variable annuities, provided with advice services, such as asset allocation profiling, through an asset-based fee compensation model.

Allocated capital - A non-GAAP financial measure that is calculated by adding target surplus (calculated as 225% of NAIC defined risk based capital), to the following after-tax amounts: unamortized DAC, the difference between statutory benefit reserves and GAAP benefit reserves, the difference between GAAP invested assets and statutory invested assets, unamortized VOBA, unamortized deferred software costs, unamortized intangible assets, unamortized goodwill, unamortized debt issue costs, unamortized deferred revenue, less deferred premiums.

Annuity - A contract that provides a periodic stream of cash flows at regular intervals for a specified period of time, such as number of years or for life.

Asset fees to average separate account values - A financial measure that is calculated by dividing asset fees by average separate account values.

Average allocated capital - A non-GAAP financial measure that is calculated by taking the mean average of the beginning and ending allocated capital amounts of a quarter for a quarterly average, or the mean average of the beginning of the year allocated capital amount and the ending allocated capital amounts for each of the four quarters for a yearly average.

Average equity - A non-GAAP financial measure that is calculated by taking the mean average of the beginning and ending equity, excluding accumulated other comprehensive income and noncontrolling interest for a quarterly average, or the mean average of the beginning of the year equity excluding accumulated other comprehensive income and noncontrolling interest and the ending equity, excluding accumulated other comprehensive income and noncontrolling interest for each of the four quarters for a yearly average.

Average in force - A metric that is calculated by taking the mean average of the beginning and ending in force amounts of a quarter for a quarterly average, or the mean average of the beginning of the year in force amount and the ending in force amounts for each of the four quarters for a yearly average.

BOLI (Bank Owned Life Insurance) - Generally refers to a large single premium purchase of a Modified Endowment Contract to informally fund a block of employee benefit liabilities.

COLI (Corporate Owned Life Insurance) - Broadly describes the use of life insurance to informally fund a block of employee benefits. In its truest form refers to corporate owned life insurance but could also refer to other ownership arrangements such as split-dollar.

Cost of Insurance per $1,000 of average net amount at risk - A non-GAAP financial measure that is calculated by annualizing the cost of insurance and dividing by the net amount at risk divided by one thousand.

Credited Rate - A financial measure that is calculated by dividing interest credited by average general account values.

Deferred Annuity - An annuity that can be paid either with a single premium or a series of installments, providing for the income payments to begin at some future date.

Deferred Compensation Plan - A benefit plan that allows an employee to save pre-tax dollars. Many are set up similar to a 401(k) plan, including multiple investment options, but without regulated limits on the amount that can be deposited.

Deferred Policy Acquisition Costs - The unamortized policy acquisition costs which are capitalized and charged to expense in proportion to premiums or estimated gross profits depending on the type of underlying contract. See Policy Acquisition Costs.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Glossary

Defined Benefit Plan - A qualified pension plan under Section 401 of the Internal Revenue code which defines the retirement benefit to plan participants. The definition of the retirement benefit may include such variables as age, length of service, and compensation, but it would not reflect the investment experience of the assets held to fund these benefits.

Defined Contribution Plan - A benefit plan under which contributions are fixed in advance by formula, and benefits to retiring employees may vary.

Deposits - Premiums received for interest sensitive life insurance, annuities or life insurance products.

Dollar Cost Averaging - Paying a fixed amount of premium at regular intervals regardless of the unit values of the selected variable accounts or the current interest rate on new premiums paid into the guaranteed account.

Earned Rate - A financial measure that is calculated by dividing net investment income by average general account values.

Fixed Annuity - An annuity contract in which premiums paid are credited with a fixed rate of return by the life insurance company.

GAAP - Refers to accounting principles generally accepted in the United States of America.

General Account - An undivided account in which all investments are held that are not held in the separate account.

General operating expenses to average account values - A GAAP financial measure that is calculated by dividing general operating expenses by average account values.

Group Annuity - A pension plan providing annuities at retirement to a group of people under a master contract. It usually is issued to an employer for the benefit of employees.

Immediate Annuity - An annuity providing for payment to begin immediately after a single premium is paid.

Internal Replacement - Transaction whereby a policyholder’s existing insurance product or investment contract is replaced with a similar product issued by the same entity.

Interest spread on average general account assets - A financial measure that is calculated by subtracting the credited rate from the earned rate.

Lapse - Termination of a policy because of failure to pay the premium.

Leverage, excluding AOCI and NCI - A non-GAAP financial measure that is calculated by dividing long-term debt by total capital, excluding accumulated other comprehensive income (AOCI) and noncontrolling interest (NCI).

Life benefits per $1,000 of average net amount at risk - A metric that is calculated by annualizing the life insurance benefit amount and dividing by the average net amount at risk divided by one thousand, excluding separate account corporate investment life business.

Life benefits per $1,000 of average in force - A metric that is calculated by annualizing the life insurance benefit amount and dividing by the average in force amount divided by one thousand, excluding separate account corporate investment life business.

Life Insurance In Force - The sum of the face amounts, plus dividend additions, of life insurance policies outstanding at a given time.

Nationwide Financial Network - Refers to the affiliated distribution channel that was formerly referred to as Nationwide Provident Producers.

Net Amount at Risk - Insurance in force less accumulated account value. Pertains to investment life products and is the amount for which cost of life insurance is assessed.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Glossary

Net operating earnings (loss) - A non-GAAP financial measure that is calculated by adjusting net income (loss) to exclude net realized gains and losses on investments not related to operating items (periodic net amounts paid or received on interest rate swaps that do not qualify for hedge accounting treatment, trading portfolio realized gains and losses, trading portfolio valuation changes, and net realized gains and losses related to securitizations), hedging instruments and hedged items, adjustment to amortization related to net realized gains and losses, discontinued operations and cumulative effect of adoption of accounting principles, if any, all net of tax.

New and renewal production premiums and deposits - The Company regularly monitors and reports a sales production metric as a measure of the volume of new and renewal business generated in a period.

New and renewal production premiums and deposits, previously referred to as “sales”, are not derived from any specific GAAP income statement accounts or line items and should not be viewed as a substitute for any financial measure determined in accordance with GAAP, including sales as it relates to non-insurance companies. Management believes that the presentation of new and renewal production premiums and deposits enhances the understanding of the Company’s business and helps depict longer-term trends that may not be apparent in the results of operations due to differences between the timing of sales and revenue recognition.

Non-GAAP financial measures - Key performance indicators used by management that have not been calculated in accordance with GAAP. None of these non-GAAP financial measures should be viewed as substitutes for any GAAP financial measures.

Operating realized gains and (losses) - A non-GAAP financial measure that represents net realized gains and (losses) on investments, hedging instruments and hedged items that are related to operating items (periodic net amounts paid or received on interest rate swaps that do not qualify for hedge accounting treatment, trading portfolio realized gains and losses, trading portfolio valuation changes, and net realized gains and losses related to securitizations).

Operating return on average equity - A non-GAAP financial measure that is calculated by annualizing net operating earnings (loss) and dividing by average equity excluding accumulated other comprehensive income and noncontrolling interest.

Operating revenues - A non-GAAP financial measure that is calculated by adjusting total revenues to include only net realized gains and losses on investments, hedging instruments and hedged items that are related to operating items (periodic net amounts paid or received on interest rate swaps that do not qualify for hedge accounting treatment, trading portfolio realized gains and losses, trading portfolio valuation changes, and net realized gains and losses related to securitizations).

Persistency - Percentage of life insurance policies or annuity contracts remaining in force from one period to another.

Policy Acquisition Costs - Expenses that vary with and are primarily related to the acquisition of new and renewal insurance contracts.

Pre-tax operating earnings (loss) - A non-GAAP financial measure that is calculated by adjusting earnings (loss) from continuing operations before federal income taxes and cumulative effect of adoption of accounting principles, if any, to exclude adjustment to amortization related to net realized gains and losses, and net realized gains and losses on investments, hedging instruments and hedged items, except for operating items (periodic net amounts paid or received on interest rate swaps that do not qualify for hedge accounting treatment, trading portfolio realized gains and losses, trading portfolio valuation changes, and net realized gains and losses related to securitizations).

Pre-tax operating earnings (loss) to average account values - A non-GAAP financial measure that is calculated by dividing pre-tax operating earnings (loss) by average account values.

Pre-tax operating earnings (loss) to operating revenues - A non-GAAP financial measure that is calculated by dividing pre-tax operating earnings (loss) by operating revenues.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Glossary

Qualified Plan - A plan purchased with pre-tax dollars, generally under a pension plan, specially sponsored program, or individual retirement account that the Internal Revenue Service approves as meeting the requirements of Section 401(a) of the 1986 Internal Revenue Code, as amended. Such plans receive tax advantages.

Ratio of pre-tax operating earnings (loss) before interest to interest expense - A non-GAAP financial measure that is calculated by subtracting interest expense from pre-tax operating earnings (loss) and dividing the product by interest expense.

Return on average allocated capital - A non-GAAP financial measure that is calculated by dividing annualized after-tax operating earnings (loss) by average allocated capital.

Separate Account - A separate investment account established and maintained by an insurance enterprise used primarily for variable products. This arrangement permits wider latitude in the choice of investments for contract holders.

Surrender Charges - Charges made against withdrawals from the contract value of most variable annuities for a period of time, typically four to seven years.

Statutory capital and surplus - A financial measure that is calculated based on accounting practices prescribed or permitted by the department of insurance of the state of domicile. Each of the states in which the Company’s insurance companies are domiciled has adopted the National Association of Insurance Commissioners (NAIC) statutory accounting practices (NAIC SAP) as the basis of its statutory accounting practices. The Company’s insurance subsidiaries have no statutory accounting practices that differ from NAIC SAP.

Universal Life Insurance - A flexible premium, adjustable benefit life insurance contract that accumulates cash values through the receipt of contractually determined interest credited.

Variable Annuity - An annuity contract in which the funds are invested in investments for which the underlying values can fluctuate.

Variable Life Insurance - A securities-based whole life insurance policy that employs a fixed premium and provides variable cash values and death benefit, dependent upon the performance of the separate account investment election.

Variable Universal Life Insurance - A type of variable life insurance that has flexible premiums.

Value of Business Acquired (VOBA) - Reflects the estimated fair value of the Nationwide Provident business in-force and represents the portion of the purchase price that is allocated to the value of the right to receive future cash flows from the life insurance and annuity contracts existing as of the closing date of the Nationwide Financial Network Merger.

Nationwide Financial Services, Inc.

Statistical Supplement

September 30, 2009

Notes

This report is for information purposes only. It should be read in conjunction with documents filed by Nationwide Financial Services, Inc. with the U.S. Securities and Exchange Commission, including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

NATIONWIDE FINANCIAL SERVICES INC/ - FORM 8-K - EX-99.1 - NFS STATISTICAL SUPPLEMENT FOR THE QUARTER ENDED SEPTEMBER 30, 2009 - November 13, 2009

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