23787 NATIONWIDE MUTUAL INSURANCE COMPANY Amended

					Incorrect Schedule T, column 9




                                 Amendment
PROPERTY AND CASUALTY COMPANIES - ASSOCIATION EDITION

                                                                  ANNUAL STATEMENT
                                                                FOR THE YEAR ENDED DECEMBER 31, 2009
                                                                 OF THE CONDITION AND AFFAIRS OF THE

                                          Nationwide Mutual Insurance Company
                         NAIC Group Code           0140        0140       NAIC Company Code          23787     Employer's ID Number              31-4177100
                                                 (Current)     (Prior)
Organized under the Laws of                                  Ohio                           , State of Domicile or Port of Entry                            Ohio
Country of Domicile                                                            United States of America

Incorporated/Organized                            12/06/1925                                     Commenced Business                                  04/14/1926

Statutory Home Office                        One West Nationwide Blvd.                      ,                                  Columbus , OH 43215-2220
                                               (Street and Number)                                                         (City or Town, State and Zip Code)

Main Administrative Office                                                     One West Nationwide Blvd.
                                                                                  (Street and Number)
                                 Columbus , OH 43215-2220                                   ,                                       614-249-7111
                             (City or Town, State and Zip Code)                                                            (Area Code) (Telephone Number)

Mail Address                       One West Nationwide Blvd., DSPF-76                       ,                                  Columbus , OH 43215-2220
                                     (Street and Number or P.O. Box)                                                       (City or Town, State and Zip Code)

Primary Location of Books and Records                                     One West Nationwide Blvd., DSPF-76
                                                                                (Street and Number)
                                 Columbus , OH 43215-2220                                 ,                                         614-249-1545
                             (City or Town, State and Zip Code)                                                            (Area Code) (Telephone Number)

Internet Website Address                                                          www.nationwide.com

Statutory Statement Contact                           Pamela R. Horvath                                 ,                                614-249-1545
                                                           (Name)                                                               (Area Code) (Telephone Number)
                                  FinRpt@nationwide.com                                     ,                                        866-315-1430
                                     (E-mail Address)                                                                               (FAX Number)

                                                                                      OFFICERS
        President & COO,                                                                        Sr VP - Chief Investment
            Nationwide Ins                         Mark Angelo Pizzi #                               Officer & Treasurer                      Harry Hansen Hallowell #
  VP - Corp Governance &
                 Secretary                       Robert William Horner III

                                                                                        OTHER
       Wesley Kim Austen # President & COO - Allied                Paul Douglas Ballew Sr VP-Customer Insight/Analytic                    David Alan Bano Sr VP-P&C Claims
                 Mark Allen Berven # Sr VP                            Pamela Ann Biesecker Sr VP-Head of Taxation                    William Joseph Burke Sr VP-PCIO Marketing
         Roger Alan Craig Sr VP-Div General Cnsl                   Robert James Dickson # Sr VP - CIO IT Infrastructure            Thomas Williams Dietrich Sr VP-Div Gen Counsel
               Gary Anthony Douglas # Sr VP                          Martha Lovette Frye Sr VP-Corp Controller & CAO                  Kim Ruark Geyer Sr VP-Human Resources
      Peter Anthony Golato Sr VP-Indiv Prot Bus Head              Judith Lynn Greenstein # Sr VP-P&C Prod & Prcg Mang                    Susan Jean Gueli Sr VP-NF Systems
     Jennifer Marie Hanley # Sr VP - Marketing Services             Patricia Ruth Hatler Exec VP & Chief Leg & Gov Off                 Gordon Elliot Hecker Sr VP-NF Marketing
                                                                      Lawrence Allen Hilsheimer # President & COO -
        Terri Lynn Hill Exec VP-Chief Admin Officer                        Nationwide Direct & Customer Solutions                   David Ralph Jahn Sr VP-Customer Relationships
    Matthew Eric Jauchius # Sr VP - CSO, OCEO Admin                   Michael Craig Keller Exec VP-Chief Info Officer              Gale Verdell King # Exec VP - Chief Human Res. Off
              Srinivas Koushik Sr VP-PCIO IT                            Michael Patrick Leach # Sr VP - CFO - P&C                        Michael Allen Lex Sr VP-Sales Support
     James Robert Lyski Exec VP-Chief Marketing Off                Katherine Anne Mabe # Div Pres - P&C Specialty Prod             Michael William Mahaffey Sr VP, Chief Risk Officer
          Eileen Ann Mallesch Sr VP-CFO-PCIO                                    Michael Dean Miller Exec VP                                   Kai Vincent Monahan Sr VP
                                                                   Gregory Stephen Moran # Sr VP - Bus Transformation
    Carol Baldwin Moody Sr VP-Chief Compliance Off                                           Off                                      Sandra Lee Neely Sr VP-Div General Cnsl
      Robert Joseph Puccio Sr VP-Assoc Services                               Stephen Scott Rasmussen # CEO                           Jeffrey David Rouch Sr VP-Gov Relations
           Gail Gladys Snyder # Exec VP-CIO                              Mark Raymond Thresher # Exec VP - CFO                  Kirt Alan Walker # President & COO - Nationwide Fin
  Randolph Carson Wiseman Sr VP-Chief Litigation Cnsl

                                                                             DIRECTORS OR TRUSTEES
                    Lewis Jackson Alphin                                        James Bernard Bachmann                                             Arthur Irving Bell
                  Timothy Joseph Corcoran                                        Yvonne Montgomery Curl                                           Kenneth Dale Davis
                     Keith William Eckel                                           Fred Charles Finney                                           Daniel Thomas Kelley
                     Mary Diane Koken                                            Lydia Micheaux Marshall                                         Terry Wayne McClure
                    Barry James Nalebuff                                          Ralph McDaniel Paige                                        Stephen Scott Rasmussen #
                    Jeffrey Wade Zellers


State of                               Ohio
                                                                         SS:
County of                             Franklin


The officers of this reporting entity being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period stated above,
all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as herein stated, and that this
statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets and liabilities and of the
condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions therefrom for the period ended, and have been completed
in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures manual except to the extent that: (1) state law may differ; or, (2) that state
rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of their information, knowledge and belief,
respectively. Furthermore, the scope of this attestation by the described officers also includes the related corresponding electronic filing with the NAIC, when required, that is an
exact copy (except for formatting differences due to electronic filing) of the enclosed statement. The electronic filing may be requested by various regulators in lieu of or in addition
to the enclosed statement.




                Mark Angelo Pizzi                                               Robert William Horner, III                                         Harry Hansen Hallowell
         President & COO, Nationwide Ins                                   VP - Corp Governance & Secretary                              Sr VP - Chief Investment Officer & Treasurer

                                                                                                   a. Is this an original filing?                         Yes [ X ] No [    ]
Subscribed and sworn to before me this                                                             b. If no,
                     day of                               January, 2010                               1. State the amendment number
                                                                                                      2. Date filed
                                                                                                      3. Number of pages attached
              ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                                                                      ASSETS
                                                                                                             Current Year                             Prior Year
                                                                                                   1              2                     3                  4
                                                                                                                               Net Admitted Assets   Net Admitted
                                                                                                 Assets   Nonadmitted Assets       (Cols. 1 - 2)       Assets
   1.   Bonds (Schedule D)
   2.   Stocks (Schedule D):
        2.1 Preferred stocks
        2.2 Common stocks
   3.   Mortgage loans on real estate (Schedule B):
        3.1 First liens
        3.2 Other than first liens
   4.   Real estate (Schedule A):
        4.1 Properties occupied by the company (less $
              encumbrances)
        4.2 Properties held for the production of income (less
              $                              encumbrances)
        4.3 Properties held for sale (less $
              encumbrances)
   5.   Cash ($                                  , Schedule E - Part 1), cash equivalents
         ($                             , Schedule E - Part 2) and short-term
          investments ($                                  , Schedule DA)
   6.   Contract loans (including $                                     premium notes)
   7.   Other invested assets (Schedule BA)
   8.   Receivable for securities
   9.   Aggregate write-ins for invested assets
  10.   Subtotals, cash and invested assets (Lines 1 to 9)
  11.   Title plants less $                               charged off (for Title insurers
        only)
  12.   Investment income due and accrued
  13.   Premiums and considerations:
        13.1 Uncollected premiums and agents' balances in the course of collection
        13.2 Deferred premiums, agents' balances and installments booked but
                  deferred and not yet due (including $
                  earned but unbilled premiums)
        13.3 Accrued retrospective premiums
  14.   Reinsurance:
        14.1 Amounts recoverable from reinsurers
        14.2 Funds held by or deposited with reinsured companies
        14.3 Other amounts receivable under reinsurance contracts
  15.   Amounts receivable relating to uninsured plans
  16.1 Current federal and foreign income tax recoverable and interest thereon
  16.2 Net deferred tax asset
  17.   Guaranty funds receivable or on deposit
  18.   Electronic data processing equipment and software
  19.   Furniture and equipment, including health care delivery assets
              ($                             )
  20.   Net adjustment in assets and liabilities due to foreign exchange rates
  21.   Receivables from parent, subsidiaries and affiliates
  22.   Health care ($                                ) and other amounts receivable
  23.   Aggregate write-ins for other than invested assets
  24.   Total assets excluding Separate Accounts, Segregated Accounts and
         Protected Cell Accounts (Lines 10 to 23)
  25.   From Separate Accounts, Segregated Accounts and Protected Cell
         Accounts
  26.   Total (Lines 24 and 25)
        DETAILS OF WRITE-INS
0901.
0902.                                                               !
0903.
0998.   Summary of remaining write-ins for Line 9 from overflow page
0999.   Totals (Lines 0901 thru 0903 plus 0998)(Line 9 above)
2301.   " !
2302.   #$         %                                            !             &!         !

2303.   '!                !    %
2398.   Summary of remaining write-ins for Line 23 from overflow page
2399.   Totals (Lines 2301 thru 2303 plus 2398)(Line 23 above)




                                                                                             2
             ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                     LIABILITIES, SURPLUS AND OTHER FUNDS
                                                                                                                                      1                  2
                                                                                                                                 Current Year       Prior Year
   1.   Losses (Part 2A, Line 35, Column 8)
   2.   Reinsurance payable on paid losses and loss adjustment expenses (Schedule F, Part 1, Column 6)
   3.   Loss adjustment expenses (Part 2A, Line 35, Column 9)
   4.   Commissions payable, contingent commissions and other similar charges
   5.   Other expenses (excluding taxes, licenses and fees)
   6.   Taxes, licenses and fees (excluding federal and foreign income taxes)
   7.1 Current federal and foreign income taxes (including $                               on realized capital gains (losses))
   7.2 Net deferred tax liability
   8.   Borrowed money $                                   and interest thereon $
   9.   Unearned premiums (Part 1A, Line 38, Column 5) (after deducting unearned premiums for ceded reinsurance of
         $                               and including warranty reserves of $                           )
  10.   Advance premium
  11.   Dividends declared and unpaid:
        11.1 Stockholders
        11.2 Policyholders
  12.   Ceded reinsurance premiums payable (net of ceding commissions)
  13.   Funds held by company under reinsurance treaties (Schedule F, Part 3, Column 19)
  14.   Amounts withheld or retained by company for account of others
  15.   Remittances and items not allocated
  16.   Provision for reinsurance (Schedule F, Part 7)
  17.   Net adjustments in assets and liabilities due to foreign exchange rates
  18.   Drafts outstanding
  19.   Payable to parent, subsidiaries and affiliates
  20.   Payable for securities
  21.   Liability for amounts held under uninsured plans
  22.   Capital notes $                               and interest thereon $
  23.   Aggregate write-ins for liabilities
  24.   Total liabilities excluding protected cell liabilities (Lines 1 through 23)
  25.   Protected cell liabilities
  26.   Total liabilities (Lines 24 and 25)
  27.   Aggregate write-ins for special surplus funds
  28.   Common capital stock
  29.   Preferred capital stock
  30.   Aggregate write-ins for other than special surplus funds
  31.   Surplus notes
  32.   Gross paid in and contributed surplus
  33.   Unassigned funds (surplus)
  34.   Less treasury stock, at cost:
        34.1                               shares common (value included in Line 28 $                                )
        34.2                               shares preferred (value included in Line 29 $                             )
  35.   Surplus as regards policyholders (Lines 27 to 33, less 34) (Page 4, Line 39)
  36.   TOTALS (Page 2, Line 26, Col. 3)
        DETAILS OF WRITE-INS
2301.
2302.
2303.   !
2398.   Summary of remaining write-ins for Line 23 from overflow page
2399.   Totals (Lines 2301 thru 2303 plus 2398)(Line 23 above)
2701.
2702.
2703.
2798.   Summary of remaining write-ins for Line 27 from overflow page
2799.   Totals (Lines 2701 thru 2703 plus 2798)(Line 27 above)
3001.    "     #                     $                                                                                              %           &     %          &
3002.   '' (       !)
3003.
3098.   Summary of remaining write-ins for Line 30 from overflow page
3099.   Totals (Lines 3001 thru 3003 plus 3098)(Line 30 above)




                                                                                            3
              ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                                           STATEMENT OF INCOME
                                                                                                                                           1              2
                                                                                                                                      Current Year   Prior Year
                                                           UNDERWRITING INCOME
   1.   Premiums earned (Part 1, Line 35, Column 4)
                                                                DEDUCTIONS:
   2.   Losses incurred (Part 2, Line 35, Column 7)
   3.   Loss adjustment expenses incurred (Part 3, Line 25, Column 1)
   4.   Other underwriting expenses incurred (Part 3, Line 25, Column 2)
   5.   Aggregate write-ins for underwriting deductions
   6.   Total underwriting deductions (Lines 2 through 5)
   7.   Net income of protected cells
   8.   Net underwriting gain or (loss) (Line 1 minus Line 6 plus Line 7)
                                                            INVESTMENT INCOME
   9.   Net investment income earned (Exhibit of Net Investment Income, Line 17)
  10.   Net realized capital gains or (losses) less capital gains tax of $                         (Exhibit of Capital
        Gains (Losses) )
  11.   Net investment gain (loss) (Lines 9 + 10)
                                                               OTHER INCOME
  12.   Net gain or (loss) from agents’ or premium balances charged off (amount recovered
         $                              amount charged off $                             )
  13.   Finance and service charges not included in premiums
  14.   Aggregate write-ins for miscellaneous income
  15.   Total other income (Lines 12 through 14)
  16.   Net income before dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes
         (Lines 8 + 11 + 15)
  17.   Dividends to policyholders
  18.   Net income, after dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes
         (Line 16 minus Line 17)
  19.   Federal and foreign income taxes incurred
  20.   Net income (Line 18 minus Line 19)(to Line 22)
                                                    CAPITAL AND SURPLUS ACCOUNT
  21.   Surplus as regards policyholders, December 31 prior year (Page 4, Line 39, Column 2)
  22.   Net income (from Line 20)
  23.   Net transfers (to) from Protected Cell accounts
  24.   Change in net unrealized capital gains or (losses) less capital gains tax of $
  25.   Change in net unrealized foreign exchange capital gain (loss)
  26.   Change in net deferred income tax
  27.   Change in nonadmitted assets (Exhibit of Nonadmitted Assets, Line 26, Col. 3)
  28.   Change in provision for reinsurance (Page 3, Line 16, Column 2 minus Column 1)
  29.   Change in surplus notes
  30.   Surplus (contributed to) withdrawn from protected cells
  31.   Cumulative effect of changes in accounting principles
  32.   Capital changes:
        32.1 Paid in
        32.2 Transferred from surplus (Stock Dividend)
        32.3 Transferred to surplus
  33.   Surplus adjustments:
        33.1 Paid in
        33.2 Transferred to capital (Stock Dividend)
        33.3 Transferred from capital
  34.   Net remittances from or (to) Home Office
  35.   Dividends to stockholders
  36.   Change in treasury stock (Page 3, Lines 34.1 and 34.2, Column 2 minus Column 1)
  37.   Aggregate write-ins for gains and losses in surplus
  38.   Change in surplus as regards policyholders for the year (Lines 22 through 37)
  39.   Surplus as regards policyholders, December 31 current year (Line 21 plus Line 38) (Page 3, Line 35)
        DETAILS OF WRITE-INS
0501.
0502.
0503.
0598.   Summary of remaining write-ins for Line 5 from overflow page
0599.   Totals (Lines 0501 thru 0503 plus 0598)(Line 5 above)
1401.                             !
1402.     "    #             !   $
1403.
1498.   Summary of remaining write-ins for Line 14 from overflow page
1499.   Totals (Lines 1401 thru 1403 plus 1498)(Line 14 above)
3701.     % # &           !   ' !# !
3702.     ( )           # &
3703.                  !# ! * +,-                      !
3798.   Summary of remaining write-ins for Line 37 from overflow page
3799.   Totals (Lines 3701 thru 3703 plus 3798)(Line 37 above)




                                                                                             4
             ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                                                           CASH FLOW
                                                                                                                                    1             2

                                                                                                                               Current Year   Prior Year

                                                           Cash from Operations

    1.   Premiums collected net of reinsurance

    2.   Net investment income

    3.   Miscellaneous income

    4.   Total (Lines 1 through 3)

    5.   Benefit and loss related payments

    6.   Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts

    7.   Commissions, expenses paid and aggregate write-ins for deductions

    8.   Dividends paid to policyholders

    9.   Federal and foreign income taxes paid (recovered) net of $                            tax on capital gains (losses)

   10.   Total (Lines 5 through 9)

   11.   Net cash from operations (Line 4 minus Line 10)



                                                           Cash from Investments

   12.   Proceeds from investments sold, matured or repaid:

         12.1 Bonds

         12.2 Stocks

         12.3 Mortgage loans

         12.4 Real estate

         12.5 Other invested assets

         12.6 Net gains or (losses) on cash, cash equivalents and short-term investments

         12.7 Miscellaneous proceeds

         12.8 Total investment proceeds (Lines 12.1 to 12.7)

   13.   Cost of investments acquired (long-term only):

         13.1 Bonds

         13.2 Stocks

         13.3 Mortgage loans

         13.4 Real estate

         13.5 Other invested assets

         13.6 Miscellaneous applications

         13.7 Total investments acquired (Lines 13.1 to 13.6)

   14.   Net increase (decrease) in contract loans and premium notes

   15.   Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14)



                                              Cash from Financing and Miscellaneous Sources

   16.   Cash provided (applied):

         16.1 Surplus notes, capital notes

         16.2 Capital and paid in surplus, less treasury stock

         16.3 Borrowed funds

         16.4 Net deposits on deposit-type contracts and other insurance liabilities

         16.5 Dividends to stockholders

         16.6 Other cash provided (applied)

   17.   Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)



                        RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

   18.   Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)

   19.   Cash, cash equivalents and short-term investments:

         19.1 Beginning of year

         19.2 End of period (Line 18 plus Line 19.1)


Note: Supplemental disclosures of cash flow information for non-cash transactions:




                                                                                           5
           ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                    UNDERWRITING AND INVESTMENT EXHIBIT
                                                                     PART 1 - PREMIUMS EARNED
                                                                                      1                     2                      3                   4
                                                                                                   Unearned Premiums      Unearned Premiums
                                                                                Net Premiums       Dec. 31 Prior Year -     Dec. 31 Current    Premiums Earned
                                                                                  Written per          per Col. 3,         Year - per Col. 5      During Year
                                           Line of Business                    Column 6, Part 1B    Last Year’s Part 1         Part 1A          (Cols. 1 + 2 - 3)

     1.     Fire

     2.     Allied lines

     3.     Farmowners multiple peril

     4.     Homeowners multiple peril

     5.     Commercial multiple peril

     6.     Mortgage guaranty

     8.     Ocean marine

     9.     Inland marine

   10.      Financial guaranty

   11.1     Medical professional liability - occurrence

   11.2     Medical professional liability - claims-made

   12.      Earthquake

   13.      Group accident and health

   14.      Credit accident and health (group and individual)

   15.      Other accident and health

   16.      Workers'compensation

   17.1     Other liability - occurrence

   17.2     Other liability - claims-made

   17.3     Excess workers'compensation

   18.1     Products liability - occurrence

   18.2     Products liability - claims-made

19.1, 19.2 Private passenger auto liability

19.3, 19.4 Commercial auto liability

   21.      Auto physical damage

   22.      Aircraft (all perils)

   23.      Fidelity

   24.      Surety

   26.      Burglary and theft

   27.      Boiler and machinery

   28.      Credit

   29.      International

   30.      Warranty

   31.      Reinsurance - Nonproportional Assumed Property

   32.      Reinsurance - Nonproportional Assumed Liability

   33.      Reinsurance - Nonproportional Assumed Financial Lines

   34.      Aggregate write-ins for other lines of business

   35.      TOTALS

            DETAILS OF WRITE-INS

 3401.

 3402.

 3403.

 3498.      Summary of remaining write-ins for Line 34 from overflow page

 3499.      Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above)




                                                                                 6
             ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY


                                     UNDERWRITING AND INVESTMENT EXHIBIT
                                                            PART 1A - RECAPITULATION OF ALL PREMIUMS
                                                                       1                     2                     3                      4                   5
                                                                                                                                  Reserve for Rate
                                                                Amount Unearned      Amount Unearned                                 Credits and
                                                               (Running One Year    (Running More Than                             Retrospective      Total Reserve for
                                                                or Less from Date     One Year from        Earned But Unbilled   Adjustments Based   Unearned Premiums
                               Line of Business                    of Policy) (a)    Date of Policy) (a)        Premium            on Experience      Cols. 1 + 2 + 3 + 4
      1.     Fire
      2.     Allied lines
      3.     Farmowners multiple peril
      4.     Homeowners multiple peril
      5.     Commercial multiple peril
      6.     Mortgage guaranty
      8.     Ocean marine
      9.     Inland marine
     10.     Financial guaranty
     11.1    Medical professional liability - occurrence
     11.2    Medical professional liability - claims-made
     12.     Earthquake
     13.     Group accident and health
     14.     Credit accident and health (group and
              individual)
     15.     Other accident and health
     16.     Workers'compensation
     17.1    Other liability - occurrence
     17.2    Other liability - claims-made
     17.3    Excess workers'compensation
     18.1    Products liability - occurrence
     18.2    Products liability - claims-made
 19.1, 19.2 Private passenger auto liability
 19.3, 19.4 Commercial auto liability
     21.     Auto physical damage
     22.     Aircraft (all perils)
     23.     Fidelity
     24.     Surety
     26.     Burglary and theft
     27.     Boiler and machinery
     28.     Credit
     29.     International
     30.     Warranty
     31.     Reinsurance - Nonproportional Assumed
              Property
     32.     Reinsurance - Nonproportional Assumed
              Liability
     33.     Reinsurance - Nonproportional Assumed
              Financial Lines
     34.     Aggregate write-ins for other lines of business
     35.     TOTALS

     36.     Accrued retrospective premiums based on experience
     37.     Earned but unbilled premiums
     38.     Balance (Sum of Line 35 through 37)
             DETAILS OF WRITE-INS
   3401.
   3402.
   3403.
   3498.     Summary of remaining write-ins for Line 34
              from overflow page
   3499.     Totals (Lines 3401 thru 3403 plus 3498)(Line
              34 above)
(a) State here basis of computation used in each case




                                                                                       7
               ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                        UNDERWRITING AND INVESTMENT EXHIBIT
                                                                         PART 1B - PREMIUMS WRITTEN
                                                                 1                   Reinsurance Assumed                     Reinsurance Ceded                    6
                                                                                     2                 3                    4                 5             Net Premiums
                                                                                                                                                               Written
                            Line of Business             Direct Business (a)   From Affiliates   From Non-Affiliates   To Affiliates   To Non-Affiliates   Cols. 1+2+3-4-5

       1.       Fire

       2.       Allied lines

       3.       Farmowners multiple peril

       4.       Homeowners multiple peril

       5.       Commercial multiple peril

       6.       Mortgage guaranty

       8.       Ocean marine

       9.       Inland marine

      10.       Financial guaranty

      11.1      Medical professional liability -
                 occurrence

      11.2      Medical professional liability -
                 claims-made

      12.       Earthquake

      13.       Group accident and health

      14.       Credit accident and health (group
                 and individual)

      15.       Other accident and health

      16.       Workers'compensation

      17.1      Other liability - occurrence

      17.2      Other liability - claims-made

      17.3      Excess workers'compensation

      18.1      Products liability - occurrence

      18.2      Products liability - claims-made

  19.1, 19.2    Private passenger auto liability

  19.3, 19.4    Commercial auto liability

      21.       Auto physical damage

      22.       Aircraft (all perils)

      23.       Fidelity

      24.       Surety

      26.       Burglary and theft

      27.       Boiler and machinery

      28.       Credit

      29.       International

      30.       Warranty

      31.       Reinsurance - Nonproportional
                 Assumed Property                               XXX

      32.       Reinsurance - Nonproportional
                 Assumed Liability                              XXX

      33.       Reinsurance - Nonproportional
                 Assumed Financial Lines                        XXX

      34.       Aggregate write-ins for other lines of
                 business

      35.       TOTALS

                DETAILS OF WRITE-INS

    3401.

    3402.

    3403.

    3498.       Summary of remaining write-ins for
                 Line 34 from overflow page

    3499.       Totals (Lines 3401 thru 3403 plus
                 3498)(Line 34 above)

                    s
(a) Does the company' direct premiums written include premiums recorded on an installment basis?

   If yes: 1. The amount of such installment premiums $

             2. Amount at which such installment premiums would have been reported had they been reported on an annualized basis $




                                                                                            8
                                                                               ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                                                                         UNDERWRITING AND INVESTMENT EXHIBIT
                                                                                                           PART 2 - LOSSES PAID AND INCURRED
                                                                                                                          Losses Paid Less Salvage                                  5                    6                   7                     8
                                                                                                          1                2                    3              4                                                                            Percentage of
                                                                                                                                                                                                                                           Losses Incurred
                                                                                                                                                                            Net Losses Unpaid                         Losses Incurred     (Col. 7, Part 2) to
                                                                                                                      Reinsurance         Reinsurance    Net Payments          Current Year       Net Losses Unpaid    Current Year       Premiums Earned
                                                            Line of Business                        Direct Business    Assumed             Recovered    (Cols. 1 + 2 -3 )    (Part 2A , Col. 8)       Prior Year      (Cols. 4 + 5 - 6)     (Col. 4, Part 1)
          1.     Fire
          2.     Allied lines
          3.     Farmowners multiple peril
          4.     Homeowners multiple peril
          5.     Commercial multiple peril
          6.     Mortgage guaranty
          8.     Ocean marine
          9.     Inland marine
        10.      Financial guaranty
        11.1     Medical professional liability - occurrence
        11.2     Medical professional liability - claims-made
        12.      Earthquake
        13.      Group accident and health
        14.      Credit accident and health (group and individual)
        15.      Other accident and health
        16.      Workers'   compensation
        17.1     Other liability - occurrence
        17.2     Other liability - claims-made
        17.3     Excess workers'     compensation
9




        18.1     Products liability - occurrence
        18.2     Products liability - claims-made
    19.1, 19.2   Private passenger auto liability
    19.3, 19.4   Commercial auto liability
        21.      Auto physical damage
        22.      Aircraft (all perils)
        23.      Fidelity
        24.      Surety
        26.      Burglary and theft
        27.      Boiler and machinery
        28.      Credit
        29.      International
        30.      Warranty
        31.      Reinsurance - Nonproportional Assumed Property                                          XXX
        32.      Reinsurance - Nonproportional Assumed Liability                                         XXX
        33.      Reinsurance - Nonproportional Assumed Financial Lines                                   XXX
        34.      Aggregate write-ins for other lines of business
        35.      TOTALS
                 DETAILS OF WRITE-INS
     3401.
     3402.
     3403.
     3498.       Summary of remaining write-ins for Line 34 from overflow page
     3499.       Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above)
                                                                                ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                                                                                       UNDERWRITING AND INVESTMENT EXHIBIT
                                                                                                       PART 2A - UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES
                                                                                                                    Reported Losses                                            Incurred But Not Reported                           8                    9
                                                                                                1               2                    3                   4              5                  6                   7
                                                                                                                            Deduct Reinsurance
                                                                                                                             Recoverable from    Net Losses Excl.
                                                                                                                              Authorized and     Incurred But Not                                                                                   Net Unpaid
                                                                                                            Reinsurance        Unauthorized          Reported                        Reinsurance           Reinsurance    Net Losses Unpaid       Loss Adjustment
                                                    Line of Business                          Direct         Assumed            Companies         (Cols. 1 + 2 - 3)   Direct          Assumed                Ceded        (Cols. 4 + 5 + 6 - 7)      Expenses
             1.     Fire
             2.     Allied lines
             3.     Farmowners multiple peril
             4.     Homeowners multiple peril
             5.     Commercial multiple peril
             6.     Mortgage guaranty
             8.     Ocean marine
             9.     Inland marine
           10.      Financial guaranty
           11.1     Medical professional liability - occurrence
           11.2     Medical professional liability - claims-made
           12.      Earthquake
           13.      Group accident and health                                                                                                                                                                            (a)
           14.      Credit accident and health (group and individual)
           15.      Other accident and health                                                                                                                                                                            (a)
           16.      Workers'   compensation
           17.1     Other liability - occurrence
           17.2     Other liability - claims-made
           17.3     Excess workers'     compensation
           18.1     Products liability - occurrence
10




           18.2     Products liability - claims-made
       19.1, 19.2   Private passenger auto liability
       19.3, 19.4   Commercial auto liability
           21.      Auto physical damage
           22.      Aircraft (all perils)
           23.      Fidelity
           24.      Surety
           26.      Burglary and theft
           27.      Boiler and machinery
           28.      Credit
           29.      International
           30.      Warranty
           31.      Reinsurance - Nonproportional Assumed Property                            XXX                                                                     XXX
           32.      Reinsurance - Nonproportional Assumed Liability                           XXX                                                                     XXX
           33.      Reinsurance - Nonproportional Assumed Financial Lines                     XXX                                                                     XXX
           34.      Aggregate write-ins for other lines of business
           35.      TOTALS
                    DETAILS OF WRITE-INS
          3401.
          3402.
          3403.
          3498.      Summary of remaining write-ins for Line 34 from overflow page
          3499.      Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above)
     (a) Including $                            for present value of life indemnity claims.
            ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                   UNDERWRITING AND INVESTMENT EXHIBIT
                                                                              PART 3 - EXPENSES
                                                                                            1                       2              3               4

                                                                                      Loss Adjustment     Other Underwriting   Investment
                                                                                         Expenses             Expenses          Expenses          Total
    1.   Claim adjustment services:
         1.1 Direct
         1.2 Reinsurance assumed
         1.3 Reinsurance ceded
         1.4 Net claim adjustment service (1.1 + 1.2 - 1.3)
    2.   Commission and brokerage:
         2.1 Direct excluding contingent
         2.2 Reinsurance assumed excluding contingent
         2.3 Reinsurance ceded excluding contingent
         2.4 Contingent - direct
         2.5 Contingent - reinsurance assumed
         2.6 Contingent - reinsurance ceded
         2.7 Policy and membership fees
         2.8 Net commission and brokerage (2.1 + 2.2 - 2.3 + 2.4 + 2.5 - 2.6 + 2.7)
    3.   Allowances to managers and agents
    4.   Advertising
    5.   Boards, bureaus and associations
    6.   Surveys and underwriting reports
    7.   Audit of assureds’ records
    8.   Salary and related items:
         8.1 Salaries
         8.2 Payroll taxes
    9.   Employee relations and welfare
   10.   Insurance
   11.   Directors’ fees
   12.   Travel and travel items
   13.   Rent and rent items
   14.   Equipment
   15.   Cost or depreciation of EDP equipment and software
   16.   Printing and stationery
   17.   Postage, telephone and telegraph, exchange and express
   18.   Legal and auditing
   19.   Totals (Lines 3 to 18)
   20.   Taxes, licenses and fees:
         20.1 State and local insurance taxes deducting guaranty association
              credits of $
         20.2 Insurance department licenses and fees
         20.3 Gross guaranty association assessments
         20.4 All other (excluding federal and foreign income and real estate)
         20.5 Total taxes, licenses and fees (20.1 + 20.2 + 20.3 + 20.4)
   21.   Real estate expenses
   22.   Real estate taxes
   23.   Reimbursements by uninsured plans
   24.   Aggregate write-ins for miscellaneous expenses
   25.   Total expenses incurred                                                                                                            (a)

   26.   Less unpaid expenses - current year
   27.   Add unpaid expenses - prior year
   28.   Amounts receivable relating to uninsured plans, prior year
   29.   Amounts receivable relating to uninsured plans, current year
   30.   TOTAL EXPENSES PAID (Lines 25 - 26 + 27 - 28 + 29)
         DETAILS OF WRITE-INS
 2401.
 2402.
 2403.                                !
 2498. Summary of remaining write-ins for Line 24 from overflow page
 2499. Totals (Lines 2401 thru 2403 plus 2498)(Line 24 above)
(a) Includes management fees of $                               to affiliates and $                     to non-affiliates.




                                                                                      11
                 ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                        EXHIBIT OF NET INVESTMENT INCOME
                                                                                                                                                  1                        2
                                                                                                                                        Collected During Year      Earned During Year
  1.     U.S. Government bonds                                                                                                          (a)
  1.1    Bonds exempt from U.S. tax                                                                                                     (a)
  1.2    Other bonds (unaffiliated)                                                                                                     (a)
  1.3    Bonds of affiliates                                                                                                            (a)
  2.1    Preferred stocks (unaffiliated)                                                                                                (b)
  2.11   Preferred stocks of affiliates                                                                                                 (b)
  2.2    Common stocks (unaffiliated)
  2.21   Common stocks of affiliates
  3.     Mortgage loans                                                                                                                 (c)
  4.     Real estate                                                                                                                    (d)
  5      Contract loans
  6      Cash, cash equivalents and short-term investments                                                                              (e)
  7      Derivative instruments                                                                                                         (f)
  8.     Other invested assets
  9.     Aggregate write-ins for investment income
 10.     Total gross investment income
 11.     Investment expenses                                                                                                                                      (g)
 12.     Investment taxes, licenses and fees, excluding federal income taxes                                                                                      (g)
 13.     Interest expense                                                                                                                                         (h)
 14.     Depreciation on real estate and other invested assets                                                                                                    (i)
 15.     Aggregate write-ins for deductions from investment income
 16.     Total deductions (Lines 11 through 15)
 17.     Net investment income (Line 10 minus Line 16)
         DETAILS OF WRITE-INS
 0901.
 0902.                     !
 0903.
 0998.   Summary of remaining write-ins for Line 9 from overflow page
 0999.   Totals (Lines 0901 thru 0903 plus 0998) (Line 9, above)
 1501.   "# $            %$
 1502.   &  !!           %$
 1503.
 1598.   Summary of remaining write-ins for Line 15 from overflow page
 1599.   Totals (Lines 1501 thru 1503 plus 1598) (Line 15, above)



(a) Includes $                     accrual of discount less $                   amortization of premium and less $                            paid for accrued interest on purchases.

(b) Includes $                     accrual of discount less $                   amortization of premium and less $                            paid for accrued dividends on purchases.

(c) Includes $                     accrual of discount less $                   amortization of premium and less $                            paid for accrued interest on purchases.

(d) Includes $                      for company’s occupancy of its own buildings; and excludes $                        interest on encumbrances.

(e) Includes $                     accrual of discount less $                   amortization of premium and less $                            paid for accrued interest on purchases.

(f) Includes $                     accrual of discount less $                    amortization of premium.

(g) Includes $.                   investment expenses and $                        investment taxes, licenses and fees, excluding federal income taxes, attributable to
      segregated and Separate Accounts.

(h) Includes $                     interest on surplus notes and $                     interest on capital notes.

(i) Includes $                      depreciation on real estate and $                     depreciation on other invested assets.




                                         EXHIBIT OF CAPITAL GAINS (LOSSES)
                                                                         1                       2                       3                           4                      5



                                                                                                               Total Realized Capital       Change in             Change in Unrealized
                                                                Realized Gain (Loss)      Other Realized            Gain (Loss)          Unrealized Capital        Foreign Exchange
                                                                On Sales or Maturity       Adjustments            (Columns 1 + 2)           Gain (Loss)            Capital Gain (Loss)
  1.      U.S. Government bonds
  1.1     Bonds exempt from U.S. tax
  1.2     Other bonds (unaffiliated)
  1.3     Bonds of affiliates
  2.1     Preferred stocks (unaffiliated)
  2.11    Preferred stocks of affiliates
  2.2     Common stocks (unaffiliated)
  2.21    Common stocks of affiliates
  3.      Mortgage loans
  4.      Real estate
  5.      Contract loans
  6.      Cash, cash equivalents and short-term investments
  7.      Derivative instruments
  8.      Other invested assets
  9.      Aggregate write-ins for capital gains (losses)
 10.      Total capital gains (losses)
          DETAILS OF WRITE-INS
 0901.    '( ) ! *                 +
 0902.                          ,#$ #
 0903.      $     !!           #    !
 0998.    Summary of remaining write-ins for Line 9 from
           overflow page
 0999.    Totals (Lines 0901 thru 0903 plus 0998) (Line 9,
           above)




                                                                                         12
            ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                                  EXHIBIT OF NON-ADMITTED ASSETS
                                                                                                                1                     2                      3
                                                                                                                                                    Change in Total
                                                                                                         Current Year Total    Prior Year Total    Nonadmitted Assets
                                                                                                        Nonadmitted Assets    Nonadmitted Assets     (Col. 2 - Col. 1)
   1.   Bonds (Schedule D)
   2.   Stocks (Schedule D):
        2.1 Preferred stocks
        2.2 Common stocks
   3.   Mortgage loans on real estate (Schedule B):
        3.1 First liens
        3.2 Other than first liens
   4.   Real estate (Schedule A):
        4.1 Properties occupied by the company
        4.2 Properties held for the production of income
        4.3 Properties held for sale
   5.   Cash (Schedule E - Part 1), cash equivalents (Schedule E - Part 2) and short-term investments
         (Schedule DA)
   6.   Contract loans
   7.   Other invested assets (Schedule BA)
   8.   Receivables for securities
   9.   Aggregate write-ins for invested assets
  10.   Subtotals, cash and invested assets (Lines 1 to 9)
  11.   Title plants (for Title insurers only)
  12.   Investment income due and accrued
  13.   Premiums and considerations:
        13.1 Uncollected premiums and agents'balances in the course of collection
        13.2 Deferred premiums, agents'balances and installments booked but deferred and not yet due
        13.3 Accrued retrospective premiums
  14.   Reinsurance:
        14.1 Amounts recoverable from reinsurers
        14.2 Funds held by or deposited with reinsured companies
        14.3 Other amounts receivable under reinsurance contracts
  15.   Amounts receivable relating to uninsured plans
  16.1 Current federal and foreign income tax recoverable and interest thereon
  16.2 Net deferred tax asset
  17.   Guaranty funds receivable or on deposit
  18.   Electronic data processing equipment and software
  19.   Furniture and equipment, including health care delivery assets
  20.   Net adjustment in assets and liabilities due to foreign exchange rates
  21.   Receivables from parent, subsidiaries and affiliates
  22.   Health care and other amounts receivable
  23.   Aggregate write-ins for other than invested assets
  24.   Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts
         (Lines 10 to 23)
  25.   From Separate Accounts, Segregated Accounts and Protected Cell Accounts
  26.   Total (Lines 24 and 25)
        DETAILS OF WRITE-INS
0901.
0902.
0903.
0998.   Summary of remaining write-ins for Line 9 from overflow page
0999.   Totals (Lines 0901 thru 0903 plus 0998)(Line 9 above)
2301.
2302.
2303.
2398.   Summary of remaining write-ins for Line 23 from overflow page
2399.   Totals (Lines 2301 thru 2303 plus 2398)(Line 23 above)




                                                                                      13
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                NOTES TO FINANCIAL STATEMENTS
Note 1 - Summary of Significant Accounting Policies

    A.   Accounting Practices

         The accompanying statutory financial statements of Nationwide Mutual Insurance Company (the Company) have been
         prepared in conformity with accounting practices prescribed or permitted by the National Association of Insurance
         Commissioners (NAIC) and the State of Ohio.

         The Ohio Insurance Department recognizes only statutory accounting practices (SAP) prescribed or permitted by the
         State of Ohio for determining and reporting the financial condition and results of operations of an insurance company, as
         well as, determining its solvency under the Ohio Insurance law. The National Association of Insurance Commissioners’
         (NAIC) Accounting Practices and Procedures Manual (NAIC SAP) has been adopted as a component of prescribed or
         permitted practices by the State of Ohio. The State has adopted certain prescribed or permitted practices that differ from
         those found in NAIC SAP. Specifically for the fiscal year 2008 the State of Ohio permitted an Ohio domiciled property and
         casualty insurance company whose risk-based capital is greater than 300% of authorized control level to determine the
         admitted amount of deferred income tax assets (DTAs) using the lesser of, the amount of the gross DTAs expected to be
         realized within three years of the balance sheets date, or 15% of the statutory capital and surplus as required to be shown
         on the most recently filed statement. In NAIC SAP, the admitted amount of DTAs uses the lesser of, the amount of the
         gross DTAs expected to be realized within one year of the balance sheet date; or 10% of statutory capital and surplus as
         required to be shown on the most recently filed statement. The Company obtained approval of this permitted practice from
         the State of Ohio for 2008, resulting in the additional admitted deferred tax asset and a benefit to surplus for the Company
         of $338,029,201.

         In December 2009, the NAIC adopted SSAP No. 10R, Income Taxes Revised – A Temporary Replacement of SSAP No.
         10 (SSAP No. 10). The revised guidance requires additional disclosure and provides an election for a qualifying property
         and casualty insurance company to increase, within its admissibility calculation, the reversal period from one to three
         years and its limitation from 10% of statutory capital to 15%. In order to qualify a company must be subject to risk-based
         capital requirements and its financial statements, after reflecting admitted adjusted gross DTAs calculated from the sum of
         SSAP No. 10R paragraphs 10.a., 10.b., and 10.c., result in a risk-based capital level above the risked-based capital trend
         test or 300%. This guidance is effective for the annual 2009 and interim and annual 2010 reporting periods.

         See Footnote #9 Income Taxes for additional required disclosures.

         A reconciliation of the Company’s 2008 net income and capital and surplus between NAIC SAP and the permitted practice
         by Ohio is shown below:


                                                                                       12/31/2008
                          Net Income, Ohio basis                                 $       556,086,115
                          State Permitted Practices (Income)                                      -
                          Net Income, NAIC SAP                                   $       556,086,115


                          Statutory Surplus, Ohio basis:                         $   10,879,730,709
                          State Permitted Practices (Surplus):
                               Company Admitted DTAs                                   (338,029,201)
                               Subsidiary Admitted DTAs                                  (12,114,408)
                          Statutory Surplus, NAIC SAP basis:                     $   10,529,587,100




         Throughout this statement, the failure of items to add to the totals shown is due to rounding.

    B.   Use of Estimates in the Preparation of the Financial Statements

         The preparation of financial statements in conformity with Statutory Accounting Principles requires management to make
         estimates and assumptions that affect the reported amounts of assets and liabilities. It also requires disclosure of
         contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses
         during the period. Actual results could differ from those estimates.

    C.   Accounting Policies

         Insurance premiums are generally earned ratably over the policy term. The liability for unearned premiums represents the
         portion of premiums written relating to the unexpired terms of coverage. Such reserves are computed by pro rata methods
         for direct business and are based on reports received from ceding companies for reinsurance assumed. Premiums in
         course of collection represent agent balances and uncollected premiums from policyholders for current policies in force
         and policy premiums assumed from others, including amounts placed with affiliates. As of December 31, 2009 and 2008,
         the Company had no liabilities related to premium deficiency reserves.

         Expenses incurred in connection with acquiring new insurance business, including acquisition costs such as sales
         commissions, are charged to operations as incurred. Expenses incurred are reduced for ceding allowances received or
         receivable.

         Federal Income Taxes. The Company files a consolidated federal income tax return, which includes all eligible U.S.
         affiliates. In this regard, the included subsidiaries pay to the Company the amount which would have been payable on a
         separate return basis without regard to the alternative minimum tax. The Company pays tax due on a consolidated basis.

         Of the two other sister mutual insurance companies, Nationwide Mutual Fire Insurance Company files its own
         consolidated returns with its subsidiaries, and Farmland Mutual Insurance Company files on an individual basis. In
         addition, Colonial County Mutual Insurance Company, an affiliate, files on an individual basis. Any impact of those tax
         filings under U.S. tax law have been reflected in the provision for income tax expense and related liabilities.

         The Company provides for federal income taxes based on amounts the Company believes it ultimately will owe. Inherent
         in the provision for federal income taxes are estimates regarding the deductibility of certain items and the realization of
         certain tax credits. In the event the ultimate deductibility of certain items or the realization of certain tax credits differs from
         estimates, the Company may be required to change the provision for federal income taxes recorded in the financial
         statements significantly. Management has used best estimates to establish reserves based on current facts and
         circumstances regarding tax exposure items where the ultimate deductibility is open to interpretation.




                                                                          14
ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                        NOTES TO FINANCIAL STATEMENTS
  In accordance with guidance specified in the NAIC SAP, the Company utilizes the asset and liability method of accounting
  for taxes. Under this method, deferred tax assets, net of any non-admitted portion, and deferred tax liabilities are
  recognized for the future tax consequences attributable to differences between the financial statement carrying amounts
  of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using
  enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to
  be recovered or settled. The change in deferred taxes is charged directly to surplus.

  Reinsurance Recoverables. In the normal course of business, the Company reinsures, or cedes, a portion of its
  insurance risks with other companies in order to reduce net liability on individual risks, to provide protection against the
  potential impact of large losses, and to obtain greater diversification of risks. The ceding of risk, however, does not
  discharge the Company from its primary obligation to the policyholder. Reinsurance recoverables include amounts billed
  to reinsurers on losses paid. Estimates of amounts expected to be recovered from reinsurers that have not yet been paid
  on unpaid losses are estimated in a manner consistent with the claim liability associated with the underlying policy and are
  recorded as reductions in total loss and loss adjustment expense (LAE) reserves. Such reinsurance recoverables and
  reserve reductions partially offset claim costs in the Company’s statutory statements of operations and are included as an
  offset to losses and LAE’s in the accompanying statutory statements of admitted assets, liabilities and surplus. The
  Company regularly evaluates and monitors the financial condition of its reinsurers under voluntary reinsurance
  arrangements to minimize its exposure to significant losses from reinsurer insolvencies. There were no contracts using
  deposit accounting.

  Statutory accounting principles require recognition of a minimum liability for certain unsecured or overdue reinsurance
  recoverables (100% for unsecured unauthorized reinsurance and up to 20% recoverables from certain reinsurers more
  than 90 days overdue on their payments). These conditional reserves were $12.9 and $31.6 million as of December 31
  2009 and 2008, respectively.

  In addition, the Company uses the following accounting policies:

  1.   Short-term investments are carried at amortized cost which approximates fair value. Realized gains and losses are
       determined on a specific identification basis, based on the trade date. Interest income is recognized when earned
       while dividends are recognized when declared.

  2.   Investment grade bonds are stated at amortized value using the interest method. Non-investment grade bonds with
       NAIC designations of 3 through 6 are stated at the lower of amortized value or fair value.

       Management regularly reviews its portfolio to evaluate the necessity of recording impairment losses for other-than-
       temporary declines in the fair value of investments. A number of criteria are considered during this process including,
       but not limited to, the timing and amount of cash flows, the ability of the issuer to meet its obligations, financial
       prospects of the issuer, quality of any underlying collateral, current relevant economic conditions that may impact
       issuers, severity of the decline in fair value, the intent to sell, and the intent and ability to hold the security until
       recovery as of year end. Also, the Company estimates the cash flows (prepayments) over the life of certain
       purchased beneficial interests in securitized financial assets. When estimated prepayments differ significantly from
       anticipated prepayments, the effective yield is recalculated to reflect actual payments to date and the anticipated
       timing and amount of future payments, and any resulting adjustment is included in net investment income. If new
       estimated undiscounted cash flow assumptions result in a negative yield, an other-than-temporary impairment shall
       be considered to have occurred. For bonds, excluding loan-backed and structured securities, deemed other-than-
       temporarily impaired, the bond is impaired to its fair value and the amount of the impairment is recorded as a realized
       loss. For loan-backed and structured securities, that the Company intends to sell, or lacks the intent or ability to hold
       until recovery, the security is impaired to fair value and the amount of the impairment is recorded as a realized loss.
       For loan-backed and structured securities, deemed other-than-temporarily impaired, that the Company does not
       intend to sell, and has the intent or ability to hold until recovery, the security is impaired to the sum of a security’s
       expected future cash flows discounted using the effective book yield and the amount of the impairment is recorded
       as a realized loss.

       The Company’s evaluation of a particular security includes management making assumptions and estimates about
       the future earnings potential and operations of the issuer. Management considers such factors when evaluating
       whether a decline in fair value is other-than-temporary: (1) the Company’s ability and intent to retain the investment
       for a period of time sufficient to allow for an anticipated recovery in value; (2) the recoverability of principal and
       interest; (3) the duration and extent to which the fair value has been less than cost for equity securities or amortized
       cost for fixed income securities; (4) the financial condition of the issuer along with future prospects, including relevant
       industry conditions and trends and rating agency implications; (5) the specific reasons that a security is in a
       significant unrealized loss position, including market conditions which could affect access to liquidity; and (6)
       discounted cash flow projections for loan-backed and structured securities.

  3.   Common stocks, other than investments in stocks of subsidiaries and affiliates, are stated at fair value. Realized
       gains and losses are determined on a specific identification basis, based on the trade date. Interest income is
       recognized when earned while dividends are recognized when declared.

  4.   Investment grade redeemable preferred stocks are stated at amortized value. Investment grade perpetual preferred
       stocks are stated at fair value. Non-investment grade preferred stocks are stated at the lower of amortized value or
       fair value. Realized gains and losses are determined on a specific identification basis, based on the trade date.
       Interest income is recognized when earned while dividends are recognized when declared.

  5.   Mortgage loans on real estate are carried at the unpaid principal balance less valuation allowances while mortgage
       loans which are considered held for sale are carried at estimated fair value and are included in other invested assets
       in the accompanying statutory statements of admitted assets, liabilities and surplus. The valuation allowance for
       mortgage loans is comprised of a specific component, based on known impairments by specific loan, and an
       unallocated component that is derived based on the Company’s estimate of impairments inherent in the portfolio at
       the balance sheet date, but not specifically identified by loan. The Company provides valuation allowances for
       impairments of mortgage loans on real estate based on a review by portfolio managers. Mortgage loans on real
       estate are considered impaired when, based on current information and events, it is probable that the Company will
       be unable to collect all amounts due according to the contractual terms of the loan agreement. When the Company
       determines that a loan is impaired, a provision for loss is established equal to the difference between the carrying
       value and the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair
       value of the collateral as a practical expedient if the loan is collateral dependent. The unallocated component is
       derived for principal amounts related to loans without a specific reserve based on the historical loss patterns of
       similar loans. The balance of the valuation allowance for mortgage loans on real estate is maintained at
       management’s best estimate to absorb estimated probable credit losses inherent in the portfolio. Changes in the
       unallocated component of the valuation allowances are reflected as a direct change in surplus, and other-than-
       temporary impairment losses by specific loan are included in realized gains and losses.




                                                                14.1
ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                        NOTES TO FINANCIAL STATEMENTS
  6.   Investment grade loan-backed and structured securities are stated at amortized value. For loan-backed securities,
       the Company recognizes income using a constant effective yield (the retrospective method) based on prepayment
       assumptions and the estimated economic life of the securities. When estimated prepayments differ significantly from
       anticipated prepayments, the effective yield is recalculated to reflect actual payments to date and anticipated future
       payments; any resulting adjustment is included in net investment income. The Company has elected to use book
       value on January 1, 1994, as the cost for applying the retrospective adjustment method to securities purchased prior
       to that date. Prepayment assumptions were generally obtained using the AFT model provided by a third-party
       vendor. All other interest income is recorded using the interest method without anticipating the impact of
       prepayments. Realized gains and losses are determined on a specific identification basis, based on the trade date.
       Interest income is recognized when earned while dividends are recognized when declared. Non-investment grade
       loan-backed and structured securities are stated at the lower of amortized value or fair value.

  7.   Investments in subsidiary and affiliated companies are stated as follows:

       With the exception of Nationwide Corporation (NC), the admitted investments in all subsidiary, controlled, and
       affiliated (SCA) entities are valued using an equity method approach. Under this approach, investments in insurance
       affiliated companies are stated at underlying statutory equity adjusted for unamortized goodwill. Investments in non-
       insurance affiliated companies that have no significant ongoing operations other than to hold assets that are primarily
       for the direct or indirect benefit or use of the reporting entity or its affiliates are stated at audited GAAP equity
       adjusted to a statutory basis of accounting. Investments in non-insurance affiliated companies that have significant
       ongoing operations beyond holding assets that are primarily for the direct or indirect benefit or use of the reporting
       entity or its affiliates are stated at audited GAAP equity. Unaudited affiliated companies of the reporting entity or its
       affiliates are non-admitted under prescribed SAP accounting practices. Goodwill arising from the acquisition of these
       affiliated companies is amortized over a period of ten years. Unamortized goodwill at December 31, 2009 was $1.6
       billion of which $873.0 million was nonadmitted because total unamortized goodwill exceeded 10% of adjusted
       policyholders’ surplus as of the end of the prior quarter. Unamortized goodwill at December 31, 2008 was $22.6
       million, which was fully admitted.

       NC is an unaudited, downstream, noninsurance holding company consisting of Nationwide Financial Services, Inc.
       (NFS), NWD Management Research Trust, Nationwide Global Holdings, and Nationwide Better Health. In
       accordance with the “look through” provisions of SSAP 97, Investments in Subsidiary, Controlled, and Affiliated
       Entities, A Replacement of SSAP No. 88, valuation of the admitted investment in NC is based on the individual
       audited SCA entities owned by NC, which is currently NFS. Additionally, all liabilities, commitments, contingencies,
       guarantees or obligations of NC are reflected in its carrying value. The unaudited assets of NC and the unaudited
       SCA entities of NC, both of which are immaterial, are non-admitted.

       Effective in 2009, after applying the “look through” provisions, SCA entities are admitted using the equity method
       approach described above. In 2008, SCA entities were valued using the equity method approach except for the
       stock of NFS, which was valued at discounted market value in accordance with Section 8 of the NAIC Securities
       Valuation Office Valuation Manual. On January 1, 2009, NFS became a wholly owned subsidiary of NC that is no
       longer traded on the New York Stock Exchange, requiring a change from the market valuation approach to the equity
       method approach.

  8.   Investments in joint ventures and partnerships are accounted for using the equity method of accounting. Changes in
       carrying value as a result of the equity method are reflected as net unrealized capital gains and losses as a direct
       change in surplus. Realized gains and losses are generally recognized through income at the time of disposal or
       when receiving operating distributions. Management reviews the portfolio for the need to record impairments based
       on the expected ability to recover unrealized losses and the intent to hold the investment until recovery. The reviews
       include evaluating the current and expected earnings of the individual investments. Other-than-temporary
       impairment losses are recorded on other invested assets when indicators of impairment are present and are charged
       to net realized gains and losses in the accompanying Statement of Income.

       Real estate held for investment and owner occupied real estate is carried at cost less accumulated depreciation.
       Purchases and sales of real estate investments are recorded on the settlement date. Real estate designated as held
       for disposal is not depreciated and is carried at the lower of the carrying value at the time of such designation or fair
       value less cost to sell. Impairment losses are recorded on real estate used in operations when indicators of
       impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than
       the assets’ carrying amounts. Resulting impairment losses are recognized to write-down the carrying value of real
       estate to its estimated fair value. Realized gains and losses on the sale of real estate, including impairment losses,
       are determined on the basis of specific identification and are included in net realized capital gains in the
       accompanying statutory statements of operations.

  9.   Accounting for derivatives

       Derivative instruments are valued in a manner consistent with the related hedged items. Hedges of assets carried at
       market are valued at fair value, with the offset recorded in earnings or surplus, based on how the hedged item’s fair
       value is recorded. Hedges of assets carried at amortized cost are valued at amortized cost. Derivatives which cease
       to be effective hedges and derivative instruments receiving immediate recognition accounting, including nonhedge
       transactions, are valued at market with the offset recorded in surplus.

       Periodic cash flows and accruals of income/expense are reported in a manner consistent with the related hedged
       item, generally as investment income. Realized gains and losses on commitment and anticipatory hedges are used
       to adjust the basis of the hedged item and are therefore amortized into investment income over the remaining life of
       the hedged item.

       The fair value for interest rate and cross currency interest rate swaps is calculated with models using observable
       inputs. The fair value for futures contracts is based on quoted market prices. The fair value of currency forwards is
       based on prevailing market rates for the individual currencies.

  10. The Company includes anticipated investment income when calculating its premium deficiency reserves, in
      accordance with SSAP No. 53, Property-Casualty Contracts – Premiums.

  11. Loss and loss adjustment expense reserves are management’s best estimates of losses from claims and related
      settlement expenses that the Company has not yet paid. Recorded are two kinds of loss and LAE reserves: case and
      incurred but not reported (IBNR). Case basis reserves are estimates by claims adjusters of the amounts the
      Company will have to pay for losses that have already been reported. These amounts include related legal expenses
      and other costs associated with resolving and settling a particular claim. In some situations, case basis reserves are
      determined by estimated average claim amounts in place of adjusted estimates. In addition, at the end of every
      reporting period, IBNR reserves are estimated by qualified internal actuaries and established by management for the
      amount the Company expects to pay for losses, including related expenses, that have occurred but have not yet
      been reported to the Company; losses, including related expenses, that have been reported to the Company and that
      may ultimately be paid out differently than expected and as recorded in case basis reserves; and losses, including
      related expenses, that have been paid and closed but may reopen and require future payment. Actuarial methods
      and management judgments are used to estimate IBNR reserves.



                                                               14.2
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                NOTES TO FINANCIAL STATEMENTS
              Estimating the liability for property and casualty loss and LAE reserves is complex. It requires significant judgments
              and assumptions about a number of internal variables and external factors. Examples of internal variables that affect
              estimating loss reserves include changes in claims handling practices and changes in business mix. Examples of
              external factors that affect estimating loss reserves include trends in loss costs, economic inflation, judicial changes,
              and legislative changes. Additionally, certain claims may be paid out over a number of years, and there may be a
              significant lag between the time an insured loss occurs and the time it is reported.

              These variables and factors affect the amounts paid for losses and LAE. Some actuarial techniques rely on past
              losses and LAE to estimate future payments. As a result, it is not always possible to quantify their impact on future
              payments. Management arrives at its best estimate by examining actuarial estimates, holding discussions with claims
              and underwriting management, and considering changes in the internal and external environment. Because
              estimating reserves requires the use of assumptions and judgments, actual future losses will differ from
              management’s best estimates.

              In the most volatile lines of business, multiple actuarial techniques are used to help management evaluate results
              and trends. In some cases, using multiple actuarial techniques produces estimates within a relatively immaterial
              range. This provides confidence in the reserve estimates. In other cases, however, using multiple actuarial
              techniques produces conflicting estimates. For these, the assumptions used in the techniques are reviewed and
              management determines the best estimate for loss and LAE reserves based on the actuarial estimates. Reserves are
              reduced by the amounts expected to be received from salvage (the amount recovered from property after the
              Company pays for a total loss) and subrogation (the right to recover payments from third parties) and are recorded
              net of reinsurance.

              Reviewing and refining loss and LAE reserve estimates is an ongoing process. The effects of changes in such
              estimates are included in the results of the Company’s operations in the period such estimates are revised. The
              Company discounts its unpaid losses and unpaid LAE’s for long-term accident and health disability on a tabular
              basis. The Company does not discount any IBNR reserves. The Company also does not discount on a non-tabular
              basis. Different companies service our long-term accident and health unpaid disability claims and supply the
              reserves and tabular discount thus different methodologies have been utilized.

         12. The Company has a written capitalization policy for prepaid expenses and purchases of items such as electronic data
             processing equipment, software, furniture, vehicles, other equipment and leasehold improvements. The Company
             has not modified its capitalization policy from the prior period.

         13. The Company does not write major medical insurance with prescription drug coverage.

Note 2 - Accounting Changes and Corrections of Errors

    A.   Accounting Changes

         Effective July 1, 2009, the Company implemented SSAP No. 43R, Loan-backed and Structured Securities (SSAP 43R).
         The changes to SSAP 43R impact the evaluation of loan-backed and structured securities for other-than-temporary
         impairment. This pronouncement requires an other-than-temporary impairment to be recognized if the Company intends
         to sell the security, or lacks the intent or ability to hold the security until recovery. Under this circumstance, the security is
         impaired to fair value and the amount of the impairment is recorded as a realized loss. This pronouncement also requires
         an other-than-temporary impairment to be recognized if the sum of a security’s expected future cash flows discounted
         using the effective book yield is less than the security’s amortized cost basis and the Company does not intend to sell the
         security, and has the intent or ability to hold the security until recovery. Under this circumstance, the security is impaired
         to the expected future cash flows discounted using the effective book yield and the amount of the impairment is recorded
         as a realized loss. Prior to this pronouncement, an other-than-temporary impairment was recognized if the sum of a
         security’s undiscounted expected future cash flows was less than the security’s amortized cost basis.

         SSAP 43R required that the revised pronouncement be applied to existing and new investments held by a reporting entity
         on or after September 30, 2009. For loan-backed and structured securities held at July 1, 2009 and continued to be held
         as of September 30, 2009, if a reporting entity does not intend to sell the security, and has the intent and ability to retain
         the investment in the security for a period of time sufficient to recover the amortized cost basis, the reporting entity was to
         recognize the cumulative effect of initially applying SSAP 43R as an adjustment to the opening balance of Unassigned
         Funds (Surplus), with a corresponding adjustment to the applicable financial statement elements.

         As a result of adopting SSAP 43R, a cumulative effect adjustment of $9.0 million was recognized as an increase to the
         opening balance of surplus, with a corresponding adjustment to bonds. In addition, other-than-temporary impairments of
         $4.2 million were recognized in the six months ended December 31, 2009, due to the pronouncement’s requirements,
         which resulted in a decrease to net income and bonds.

         In December 2009, the NAIC adopted SSAP No. 100, Fair Value Measurements (SSAP No. 100). This standard defines
         fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements.
         Also, nonsubstantive revisions to other SSAPs were made to reflect the SSAP No. 100. This standard is effective for
         December 31, 2010 annual financial statements, with interim and annual financial statement reporting thereafter. Early
         adoption is permitted for December 31, 2009 annual financial statements, with interim and annual reporting thereafter.
         The Company will adopt this guidance beginning fiscal year 2010, and the adoption of the guidance is not expected to
         have a material impact to the financial statements.

         In December 2009, the NAIC adopted non-substantive changes to SSAP No. 9, Subsequent Events. This guidance
         adopts FASB Statement No. 165, Subsequent Events, which revises disclosures for subsequent events. This guidance is
         effective for annual reporting periods ending on and after December 31, 2009.

    B.   Correction of Error

         Subsequent to filing the 2008 Annual Statement, the Company discovered an error in intercompany expense allocations.
         During the third quarter of 2009, the Company filed an amended 2008 Annual Statement and filed amended Quarterly
         Statements for March 31 and June 30, 2009. The 2008 adjustments were made to recognize an increase in other
         underwriting expenses incurred and decrease receivables from affiliates by $10.5 million pre-tax, $6.8 million after-tax.
         The reduction in net income and surplus as a result of these adjustments was $6.8 million.

Note 3 - Business Combinations and Goodwill

    A.   Statutory Purchase Method

         1.   On August 1, 2003, the Company purchased 100% of THI Holdings, Inc. (THI) consisting of seven insurance
              companies. These companies are Victoria Fire & Casualty Company (VFC), Victoria Automobile Insurance
              Company, Victoria National Insurance Company, Victoria Specialty Insurance Company, Victoria Select Insurance
              Company, Titan Indemnity (TI) and Titan Insurance Company. On that date, these companies entered into 100%
              quota share reinsurance agreements, which ultimately contributes to the Nationwide Pool (see Note #25). As of
              1/1/2004, the quota share agreement was amended to a 90% quota share (see Note #25).




                                                                        14.3
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                               NOTES TO FINANCIAL STATEMENTS
              In 2002, the Company purchased a greater interest in Nationwide Realty Investors, LLC (Nationwide Realty). The
              Company’s ownership in Nationwide Realty increased to 95%. Nationwide Realty is an Ohio limited liability company
              engaged in the business of developing, owning and operating real estate investments.

              The Company purchased 100% of Nationwide Affinity Insurance Company of America (Affinity) (formerly Waterford
              Insurance Company) on January 5, 2001. The Company is licensed in 48 states. Substantially all assets and
              liabilities of Affinity were transferred to Folksamerica Reinsurance Company effective December 31, 2000. Because
              of this transfer, Affinity was left with only the required minimum capital and surplus to maintain its licenses.

              The Company purchased 100% of Crestbrook Insurance Company (Crestbrook) (formerly CalFarm Insurance
              Company) on March 31, 1999. CalFarm Insurance Company was re-domiciled from California to Ohio and its name
              was changed to Crestbrook effective December 15, 2003. Crestbrook was inactive until the fourth quarter of 2009
              when Crestbrook commenced writing a suite of products for high net worth clientele including: homeowners, inland
              marine, earthquake and burglary and theft coverages.

              The Company purchased 100% of Allied Group, Inc. (AGI) and its subsidiaries on October 31, 1998. AGI is a
              regional insurance holding company, and its subsidiaries operate exclusively in the United States and primarily in the
                                                            s
              central and western states. The company' largest segment includes four property-casualty insurance companies
              that write personal lines (primarily automobile and homeowners) and small commercial lines of insurance.

              The Company purchased 100% of the Nationwide Insurance Company of America (NICOA) (formerly TIG
              Countrywide Insurance Company) on December 31, 1997. NICOA is licensed in 47 states and primarily writes
              personal lines and small commercial lines of insurance.

         2.   The six transactions above were accounted for as statutory purchases.

         3.   The cost of the THI acquisition was $140.0 million, resulting in goodwill of $5.4 million. The initial cost of the
              Nationwide Realty acquisition was $158.9 million resulting in goodwill of $44.4 million. In 2002, additional portions of
              Nationwide Realty were purchased at a cost of $36.5 million generating goodwill of $17.3 million. The cost of the
              Affinity acquisition was $23.8 million, resulting in goodwill of $12 million. The cost of the Crestbrook acquisition was
              $275.7 million resulting in goodwill of $193.1 million; however $169.5 million of goodwill was written off due to
              statutory goodwill limitations. The cost of the AGI acquisition was $1.52 billion resulting in goodwill of $1.2 billion,
              however $474.8 million of goodwill was written off due to statutory goodwill limitations. The NICOA acquisition
              resulted in goodwill of $80.0 million.

         4.   Goodwill amortization for the year ended December 31, 2009 related to the purchases of Crestbrook, Nationwide
              Realty, Affinity and THI was $0.6 million, $6.2 million, $1.2 million and $0.5 million, respectively.

         5.   In July 2008, Scottsdale Insurance Company entered into an agreement with Veterinary Pet Insurance Company
              (VPI) to acquire the remaining 35% interest in their outstanding shares in exchange for cash consideration of $29.4
              million. Based in Brea, California, VPI is the oldest and largest health insurance provider for pets in the United
              States offering insurance plans which reimburse eligible veterinary expenses relating to accidents, illnesses and
              injuries for dogs, cats, birds and exotic pets. The VPI asset acquisition solidifies the Company’s position in the pet
              insurance market, which is available in all 50 states and the District of Columbia. Policies are underwritten by VPI in
              California, and in all other states by National Casualty Company. The statutory purchase method was used to record
              the acquisition. The transaction resulted in goodwill of $21.5 million. Unamoritized goodwill at December 31, 2009
              and December 31, 2008 was $18.3 million and $20.3 million, respectively, which was fully admitted.

         6.   On January 1, 2009, the Company, along with Nationwide Mutual Fire Insurance Company and Nationwide
              Corporation, an affiliated company, acquired the remaining 33.5% interest in the Nationwide Financial Services Inc.
              (NFS) outstanding publicly held Class A common stock in exchange for cash consideration of $2.4 billion. As a
              result of the acquisition the Company creates a simpler ownership structure that will open new opportunities for
              stronger top-line growth by attracting new customers as well as retaining current customers with a broad and
              integrated product offering. Additionally, the acquisition will facilitate a more effective deployment of capital across
              the Company, putting more assets to work where they can deliver the best value for customers. Upon the closing of
              the transaction on January 1, 2009, NFS became a wholly owned, privately held subsidiary of Nationwide
              Corporation through a merger of NFS and NWM Merger Sub, Inc., a wholly owned subsidiary of Nationwide
                                                                                s
              Corporation. On that date, all 100 shares of NWM Merger Sub' issued and outstanding common stock became the
              issued and outstanding common stock of NFS and all such shares are held by Nationwide Corporation. The
              acquisition of NFS resulted in an approximate decrease in the Company’s statutory surplus in 2009 of $2.9 billion,
              primarily as a result of the change in the valuation methodology of NFS by Nationwide Corporation under prescribed
              statutory accounting practices.

    B.   Statutory Merger

         Not applicable.

    C.   Impairment Loss

         Not applicable.

Note 4 - Discontinued Operations

    Not applicable.

Note 5 - Investments

    A.   Mortgage Loans

         1.   The maximum and minimum lending rates for commercial mortgage loans originated during 2009 were 12% and
              4.29%, respectively. The maximum and minimum lending rates for commercial mortgage loans originated during
              2008 were 15% and 4%, respectively.

         2.   During 2009 and 2008 the Company did not reduce interest rates on any outstanding loans.

         3.   The maximum percentage of any one loan to the value of collateral at the time of the loan during 2009 and 2008 was
              102.17% and 108.62%, respectively.

         4.   As of December 31, 2009 and 2008, the Company held $7,917,500 and $0, respectively, in mortgages with interest
              180 days or more past due with a recorded investment, excluding accrued interest. Total interest due on mortgages
              with interest more than 180 days past due as of December 31, 2009 and 2008 was $525,392 and $0, respectively.

         5.   There were no taxes, assessments or any amounts advanced and not included in the mortgage loan.




                                                                     14.4
ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                             NOTES TO FINANCIAL STATEMENTS
     6.   Investments on loans with impairments totaled $35,099,881 and $11,252,753 at December 31, 2009 and 2008,
          respectively, with related allowance for credit losses of $14,798,555 and $3,157,247, respectively.

     7.   There were no impaired mortgage loans without an allowance for credit losses.

     8.   The average investment for impaired loans was $3,899,987 and $11,252,753 during 2009 and 2008, respectively.

     9.   There was $881,849 and $0 interest income recognized during 2009 and 2008, respectively, during the period the
          loans were impaired.

     10. There was $881,331 and $0 interest income recognized during 2009 and 2008, respectively, on a cash basis during
         the period the loans were impaired.

     11. Allowance for Credit Losses                       12/31/2009            12/31/2008
         a. Balance for Prior Year                         $ 3,120,475           $ 1,914,083
         b. Additions                                      $ 5,833,324           $ 1,206,392
         c. Specific Writedowns                            $          0          $          0
         d. Recoveries                                     $          0          $ ____     0
         e. Balance - End of Year                          $ 8,953,799           $ 3,120,475

     12. There were no impaired mortgage loans.

     13. On June 29, 2009 the Company purchased $57.6 million of commercial mortgage loans plus accrued interest of $266
         thousand from its wholly owned affiliates Nationwide Life Insurance Company, Nationwide Life & Annuity Insurance
         Company and Nationwide Life Insurance Company of America. The sale was executed at market value for cash.

B.   Troubled Debt Restructuring for Creditors

     1.   As of December 31, 2009 and 2008, the Company recorded investment in restructured loans of $79,700,814 and $0,
          respectively.

     2.   The realized capital losses related to these loans for 2009 and 2008 were $3,797,879 and $0, respectively.

     3.   There were no contractual commitments to extend credit to debtors owing receivables whose terms have been
          modified in troubled debt restructurings.

     4.   The Company accrues interest income on impaired loans to the extent it is deemed collectible (delinquent less than
          90 days) and the loan continues to perform under its original or restructured contractual terms. Interest income on
          non-performing loans is generally recognized on a cash basis.

C.   Reverse Mortgages

     Not applicable.

D.   Loan-Backed Securities

     2.   Prepayment assumptions are generally obtained using the AFT model provided by a third-party vendor.

     4.   The following table represents the amount of other-than-temporary impairments recognized in the period, aggregated
          by the basis for the other-than-temporary impairment:

                                                                           For the Twelve Months Ended December 31, 2009

                                                  Amortized cost                                                      Other-than-
                                                   basis before                                                       temporary
                                                    other-than-                                                    impairment not
                                                    temporary            Other-than-temporary impairment            recognized in    Estimated fair
                                                   impairment                   recognized in loss                        loss           value
                                                                            Interest         Non-Interest               Interest
     Basis for recognition
     Intent to sell                                    13,084,911                      -            (10,304,182)              -           2,780,729
     Inability or lack of intent (1)                          -                        -                    -                 -                 -

     Present value of the cash flows (2)              286,549,708            (83,602,004)           (15,995,443)      (20,449,578)     166,502,682

     (1) represents securities which have recognized other-than-temporary impairments due to the
     inability or lack of intent to retain the investment in the security for a period of time sufficient to
     recover the amortized cost basis
     (2) represents securities which have recognized other-than-temporary impairments due to the fact
     that the present value of the cash flows expected to be collected was less than the amortized cost
     basis of the security


     *The amounts included in the table above reflect the respective balances as of the date of the other-
     than-temporary impairment and do not include any fluctuations identified in subsequent reporting
     periods. If a security has more than one other-than-temporary impairment identified during a fiscal
     reporting year, the security has been included within the table above separately for each identified
     other-than-temporary impairment.




                                                                    14.5
ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                 NOTES TO FINANCIAL STATEMENTS
     5.    The following table represents each security that recognized an other-than-temporary impairment due to the fact that
           the present value of the cash flows expected to be collected were less than the amortized cost basis of the security:

                                                                                                                     For the Twelve Months Ended December 31, 2009
                                                                                                                                       Other-than-
                                                                                                     Amortized          Projected       temporary
                                                                                     Quarter of      Cost - prior     present value    impairment      Amortized             Estimated
        CUSIP                             Name of issuer                            Impairment           (1)          of cash flows    recognized     Cost - final (2)     fair value (3)
     01448YAE3       ALESCO Pfd Fdg Ltd Flt Rate Mezz Nt Ser A7 Cl C                    Q3             4,691,675           3,664,500      (1,027,175)    3,664,500               836,966
     021460AC4       Countrywide Alternative Ln Tr Ser 2006-16CB Cl A3                  Q3             1,757,684           1,635,028        (122,655)    1,635,028            1,248,636
     02149DAJ8       Countrywide Alternative Ln Tr Ser 2006-HY13 Cl 3A1                 Q3             8,245,442           7,868,934        (376,508)    7,868,934            5,766,450
     05948KX79       Bank of America Alt Loan Tr Ser 2005-12 Cl 1CB1                    Q3            16,846,906          16,600,455        (246,451)   16,600,455           13,349,284
     059512AE3       Banc of America Comm Mtg Inc Ser 2007-3 Cl A4                      Q3            39,371,004          39,253,676        (117,328)   39,253,676           32,765,040
     05952DAB4       Banc of America Funding Corp Ser 2007-A Cl 2A1                     Q3             8,869,545           8,718,699        (150,846)    8,718,699            5,165,920
     07386HMD0       Bear Stearns Alt- A Tr Ser 2004-10 Cl 2A2                          Q3             9,733,305           9,340,745        (392,560)    9,340,745            5,478,441
     12638PAB5       Credit Suisse Mtg Cap Cft Ser 2007-3 Cl 1A1A                       Q3             7,978,024           7,777,766        (200,258)    7,777,766            5,287,683
     126685DT0       CWABS Inc Ser 2006-D Cl 2A                                         Q3             2,299,995           2,222,205         (77,790)    2,222,205            1,106,371
     126686AC8       CWABS Inc Ser 2006-H Cl 2A1B                                       Q3             2,640,199           2,268,179        (372,020)    2,268,179            2,178,721
     126694WE4       CWHL Inc Ser 2006-HYB1 Cl 1A1                                      Q3            11,119,323          10,653,516        (465,807)   10,653,516            5,755,148
     59549RAC8       Mid State Tr X Ser 10 Cl M1                                        Q3             6,567,971           5,523,451      (1,044,520)    5,523,451            5,337,046
     65536HCQ9       Nomura Home Equity Loan Inc Ser 2006-HE1 Cl A3                     Q3             7,000,874           6,821,728        (179,145)    6,821,728            5,355,231
     74040XAC8       Preferred Term Sec Ltd IX Flt Rate Mezz Nt Cl B-1                  Q3            17,501,243          16,774,503        (726,740)   16,774,503            5,206,080
     74041CAB5       Preferred Term Sec Ltd XVIII Flt Rt Nt Ser A-2                     Q3             7,305,942           6,694,493        (611,450)    6,694,493            1,865,002
     74042EAB0       Preferred Term Sec Ltd XVIII Flt Rate Sr Nt Ser A-2                Q3            10,671,731           9,710,602        (961,129)    9,710,602            2,612,119
     74042WAB0       Preferred Term Sec Ltd XVIII Flt Rt Nt Cl A-2                      Q3             8,600,880           7,912,026        (688,854)    7,912,026            3,901,108
     75115LAA5       Residential Accredit Loans Ser 2007-QH7 Cl 1A1                     Q3             8,913,175           8,863,685         (49,490)    8,863,685            4,258,491
     75903AAD9       Regional Diversified Fdg Sr Nt Ser 2005-1 Cl B1                    Q3             1,205,922           1,005,237        (200,684)    1,005,237               638,158
     87246AAH1       TIAA Real Estate CDO Ltd Ser 2007-C4 Cl D                          Q3             3,885,140           3,755,404        (129,736)    3,755,404            1,024,968
     89234NAB6       TPREF Funding Ltd Fltg Rate Mezz Nt Ser 2A Cl B                    Q3             4,394,395           3,068,465      (1,325,930)    3,068,465            1,200,778
     93363PAA8       Washington Mutual Ser 2006-AR14 Cl 1A1                             Q3             7,510,292           7,454,148         (56,144)    7,454,148            5,972,936

     01448YAE3       ALESCO Pfd Fdg Ltd Flt Rate Mezz Nt Ser A7 Cl C                    Q4              3,664,500          3,246,680              (417,820)    3,246,680       125,000
     05952DAB4       Banc of America Funding Corp Ser 2007-A Cl 2A1                     Q4              8,375,952          8,231,119              (144,832)    8,231,119     5,736,452
     12638PAB5       Credit Suisse Mtg Cap Cft Ser 2007-3 Cl 1A1A                       Q4              7,303,464          7,155,889              (147,575)    7,155,889     5,225,329
     61748HLC3       Morgan Stanley Mtg Tr Ser 2005-5AR Cl 3A1                          Q4             15,296,407         15,170,238              (126,169)   15,170,238    10,829,054
     74040XAC8       Preferred Term Sec Ltd IX Flt Rate Mezz Nt Cl B-1                  Q4             16,774,503         15,586,463            (1,188,040)   15,586,463     5,505,500
     741382AC9       Preferred Term Sec Ltd XVI Combo Flt Rt Nt                         Q4              3,240,865          1,815,111            (1,425,754)    1,815,111     1,338,500
     75903AAD9       Regional Diversified Fdg Sr Nt Ser 2005-1 Cl B1                    Q4              1,005,237            581,934              (423,303)      581,934        24,147
     75903EAA7       Regional Diversified Fdg Combo Flt Rt Nt Ser 2005-1                Q4              1,031,294            723,518              (307,776)      723,518        32,900
     86363GAJ3       Structured Asset Sec Corp Ser 2007-3 Cl 4A1                        Q4             22,721,568         21,154,554            (1,567,014)   21,154,554    14,154,095
     93362FAB9       Washington Mutual Ser 2006-AR8 Cl 1A2                              Q4             10,025,252          9,301,315              (723,937)    9,301,315     7,221,130
     (1) represents amortized cost prior to the recognition of the other-than temporary impairment
     (2) represents amortized cost after the recognition of the other-than temporary impairment
     (3) represents fair value at point of impairment, securities impaired in multiple periods will be included once for each period impaired

     *The amounts included in the table above reflect the respective balances as of the date of the other-than-
     temporary impairment and do not include any fluctuations identified in subsequent reporting periods. If a
     security has more than one other-than-temporary impairment identified during a fiscal reporting year, the
     security has been included within the table above separately for each identified other-than-temporary
     impairment.

     6.   The following table represents the estimated fair values and gross unrealized losses, defined as the amount by which
          the amortized cost exceeds the estimated fair value, based on the amount of time each security has been in an
          unrealized loss position:

                                                                                                    As of December 31, 2009
                                                  Less than or equal to one year                       More than one year                                      Total
                                                                    Gross                                           Gross                                                 Gross
                                                 Estimated fair   unrealized                    Estimated fair   unrealized                       Estimated fair       unrealized
                                                     value         losses                           value          losses                             value              losses
     Total loan-backed securities                  40,896,953        (8,167,890)                 982,137,376     (218,107,802)                     1,023,034,330       (226,275,692)

     7.   The Company reviews all loan-backed and structured securities in which the fair value of the given security is less
          than the amortized cost to determine if a given security is other-than-temporarily impaired. The Company examines
          characteristics of the underlying collateral, such as delinquency and default rates, the quality of the underlying
          borrower, the type of collateral in the pool, the vintage year of the collateral, subordination levels within the structure
          of the collateral pool, the quality of any credit guarantors, to determine the cash flows expected to be received for the
          security.

           If the severity and duration of the security’s unrealized loss indicates a risk of an other-than-temporary impairment,
           then the Company will evaluate if the amortized cost basis of the security will be recovered by comparing the present
           value of the cash flows expected to be received for the given security with the amortized cost basis. If the present
           value of cash flows is greater than the amortized cost basis of a security then the security is deemed temporarily
           impaired, and if the present value of cash flows is less than the amortized cost basis of the security then the security
           is deemed other-than-temporarily impaired.

E.   Repurchase Agreements

     1.    For repurchase agreements, Company policy requires a minimum of 102% of the fair value of securities purchased
           under repurchase agreements to be maintained as collateral. Cash collateral received is invested in short-term
           investments and the offsetting collateral liability is included in aggregate write-ins for liabilities. There were no open
           repurchase agreements as of year-end.

     2.    No assets pledged as collateral as of year-end.

     3.    The Company has not accepted collateral that is permitted by contract or custom to sell or repledge as of year-end.




                                                                                  14.6
ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                             NOTES TO FINANCIAL STATEMENTS
F.   Real Estate

     1.     The Company did not recognize any impairment losses on any investment real estate properties during 2009. On
            February 19, 2008, the Company acquired title to a property via deed in lieu of foreclosure. The asset was
            previously classified as a commercial mortgage loan, held in the Company’s general account portfolio. The property,
            known as Curtis Centre Buildings in Eastlake, Ohio, consisted of two one-story office/warehouse buildings totaling
            112,383 square feet of space. Consistent with Financial Accounting Standards Board (FASB) Statement No. 144,
            the Company classified the property as a “long-lived asset to be disposed of by sale” and recognized an impairment
            loss of $300,000 on June 20, 2008. The impairment loss was determined by the difference between the carrying
            cost and the estimated net sale proceeds.

     2.     The Company sold three investment real estate properties during 2009. The properties were sold together, as a
            three-property portfolio. These properties, known as the Lincoln Village Plaza Shopping Center, Goodyear Service
            Center Building and Enterprise Car Rental Building, were all located in western Franklin County, Ohio. The
            properties were acquired by the Company as real estate equity investments on December 31, 1996 and were sold
            on September 15, 2009. The sale results were as follows:

                                     Sale Price                   $8,600,000
                                     Cost of Sale                    301,138
                                     Net Sale Proceeds            $8,298,962
                                     Net Book Value               $1,858,939
                                     Gain on Sale                 $6,439,923

            The Company sold one investment real estate property during 2008. This property, known as the Curtis Centre
            Buildings, Eastlake, Ohio, was acquired by deed in lieu of foreclosure on February 19, 2008 and was sold on August
            1, 2008 for a gain of $40, 317.

            The Company did not hold any investment real estate property classified as held for sale at December 31, 2009 and
            2008, respectively.

     3.     The Company decided to sell three investment real estate properties during 2009. These properties were acquired
            by the Company on December 31, 1996 as real estate equity investments and were sold on September 15, 2009.
            The Company decided to sell one investment real estate property during 2008. This property was acquired by deed
            in lieu of foreclosure on February 19, 2008 and was sold on August 1, 2008. See Note 5F(2).

     4.     The Company did not engage in retail land sales operations during 2009 and 2008.

     5.     The Company did not hold real estate investments with participating mortgage loan features during 2009 and 2008.

G.   Low-Income Housing Tax Credits
     1.
                                                                                       Remaining Years
                                                                                       of Unexpired Tax       Required
          Low-Income Housing Tax Credits                                                    Credits         Holding Period


          BCCS Investment Fund,LLC                                                             5                 2024
          Bourne Mill Phase I                                                                  0                 2010
          Brooke School Investment Fund LLC                                                    2                 2012
          CHP New Market Investment Fund LLC                                                   4                 2015
          Cotton Mill Partners,LLC                                                             0                 2012
          ELH Investment Fund LLC                                                              5                 2024
          Impact C.I.L Parent, LLC                                                             0                 2021
          Impact Childcare, LLC                                                                5                 2018
          Impact Commercial Opportunities LLC Equity Investment                                3                 2013
          Impact Healthcare LLC                                                                4                 2028
          KHC New Markets Fund E CDE Leverage Fund, LLC                                        5                 2015
          Match School Investment Fund LLC                                                     2                 2021
          Mayfair Mill LLC                                                                     3                 2012
          Nationwide Affordable Housing Fund 30: A Red Capital Tax Credit Fund                 10                2022
          Nationwide Affordable Housing Fund 32                                                10                2023
          Nationwide Affordable Housing Fund 33                                                9                 2023
          Nationwide Affordable Housing Fund 35                                                10                2024
          Nationwide Affordable Housing Fund 36                                                11                2024
          Nationwide Affordable Housing Fund 38                                                11                2024
          Nationwide Affordable Housing Fund IX                                                7                 2020
          Nationwide Affordable Housing Fund XX - NEF LLC                                      11                2023
          Nationwide Affordable Housing Fund XXI                                               7                 2020
          Nationwide Affordable Housing Fund XXIII                                             8                 2022
          Nationwide Affordable Housing Fund XXVI                                              6                 2019
          Nationwide Affordable Housing Fund XXVIII                                            8                 2021
          Nationwide Ohio ARRA Fund, LLC                                                       12                2025
          Ohio Equity Fund XIV                                                                 8                 2022
          Ohio Equity Fund XV                                                                  9                 2023
          Ohio Equity Fund XVI                                                                 10                2023
          Ohio Equity Fund XVII                                                                11                2024
          Ohio Equity Fund XVIII                                                               11                2023
          South Carolina State Tax Credit Partners LLC                                         3                 2012
          SunAmerica Affordable Housing Partners 138, LLC                                      7                 2017
          The Association for Theater-Based Community Development LLC                          2                 2012
          The Leaguers Investment Fund LLC                                                     5                 2024
          WNC Institutional Tax Credit Fund XX LLC                                             8                 2020
          WNC Institutional Tax Credit Fund XXIV                                               10                2023
          WNC Institutional Tax Credit Fund XXVII                                              13                2024




                                                                 14.7
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                NOTES TO FINANCIAL STATEMENTS
         2.   The Company’s investments in LIHTC are made up of several property investments which are subject to periodic
              reviews by HUD (if applicable) and state housing agencies. The Company receives updates from property managers
              as to the status of any regulatory review and investigates further as needed.

         3.   Not applicable.

         4.   Analysis is done for LIHTC investments to determine if an impairment exists by comparing the book value of the
              investment with the present value of future tax benefits. The investment is written down if the book value is higher
              than the present value and the write-down is accounted for as a realized loss. For 2009, impairments on a statutory
              basis were $0.

         5.   Not applicable.

Note 6 - Joint Ventures, Partnerships and Limited Liability Companies

    A.   Detail for Those Greater than 10% of Admitted Assets

         Not applicable.

    B.   Write-downs for Impairments

         Two impairments were recorded for properties held within Nationwide REI LLC, a holding company for mezzanine loan
         partnerships. A $1.9 million impairment was recorded to the Cosmo on the Canal property, a luxury apartment
         community. A fire occurred in the first quarter of 2009, and the property was deemed a complete loss and was therefore
         impaired to a book value of $0. A $3.5 million impairment was recorded to the 1700 Midtown Apartments property, an
         apartment complex. After an updated cash flow forecast was received, it was determined its returns would be less than
         current book value. The fair market value was compared with outstanding senior loan balances, and the assumed sale
         proceeds were used to determine impairment amount.

Note 7 - Investment Income

    A.   Accrued Investment Income

                                                                                                                  s
         The Company nonadmits investment income due and accrued if amounts are over 90 days past due. The Company'
         unassigned surplus funds are not restricted in any way.

    B.   Amounts Nonadmitted

         The total amount of investment income nonadmitted during 2009 and 2008 was $743,474 and $0, respectively.

Note 8 - Derivative Instruments

    The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed by using
    derivative instruments are interest rate risk, foreign currency exchange risk, and credit risk. The most common types of
    derivatives used by the Company are interest rate swaps, cross currency swaps, foreign currency futures, treasury futures, and
    credit default swaps.

    Interest Rate Risk Management: The Company uses interest rate swaps to reduce and or alter interest rate exposure arising
    from mismatches between assets and liabilities. Under the interest rate swap, the Company enters into a contractual
    agreement with various parties to exchange, at specified intervals, the difference between fixed rate and variable rate interest
    amounts, calculated on the notional amount of the interest rate swap.

    Foreign Currency Risk Management: The Company, from time to time, purchases foreign-denominated fixed rate assets. The
    assets and the associated income are exposed to changes in the exchange rates of the foreign currencies. In an effort to
    mitigate this risk, the Company uses various cross-currency swap contracts. As foreign exchange rates change, the increase or
    decrease in the cash flows of the derivative instrument offsets the changes in the functional-currency equivalent cash flows of
    the asset. The Company also uses foreign currency futures’ contracts to hedge its exposure in other alternative investments.

    Credit Risk Management: The Company enters into two distinct types of credit derivative contracts which allow the Company to
    either sell or buy credit protection on a specific creditor or credit index. The Company sells credit default protection to
    counterparties on selected debt instruments with specific creditor or credit index exposure and combines the credit default
    swap with selected assets the Company owns to enhance spreads. The Company also purchases credit default protection on
    selected debt instruments exposed to short-term credit concerns, or because the combination of the corporate bond and
    purchased default protection provides sufficient spread and duration targeted by the Company.

    The Company is exposed to credit-related losses in the event of nonperformance by counterparties to financial instruments, but
    it does not expect any counterparties to fail to meet their obligations given their high credit ratings. Potential losses are
    minimized through careful evaluation of counterparty credit standing, selection of counterparties from a limited group of high
    quality institutions, and collateral agreements. The credit exposure of interest rate swaps is represented by the fair value
    (market value) of contracts with a positive fair value at the reporting date.

    The Company’s total counterparty credit exposure associated with derivatives was $5,733,291 as of December 31, 2009
    ($18,599,749 as of December 31, 2008) and is represented by the fair value of contracts with a net positive fair value,
    aggregated for each counterparty, at the reporting date, reduced for collateral posted by the counterparty.

    Derivative instruments are valued consistently with the hedged items. Hedges of assets carried at market are valued at market
                                                                                           s
    value, with the offset recorded in earnings or surplus, based on how the hedged item' market value is recorded. Hedges of
    assets carried at amortized cost are valued at amortized cost. Derivatives, which cease to be effective hedges and derivative
    instruments receiving immediate recognition accounting, are valued at market, with the offset recorded in unrealized gains and
    losses.

    Periodic cash flows and accruals of income/expense are reported in a manner consistent with the hedged item, generally as
    other investment income. Realized gains and losses on commitment and anticipatory hedges are used to adjust the basis of
    the hedged item and are therefore amortized into investment income over the remaining life of the hedged item.

    No gain or loss recognized in derivative instruments'unrealized gains or losses during the year is excluded from the
    assessment of hedge effectiveness. There is also no net gain or loss recognized during the year resulting from derivatives that
    no longer qualify for hedge accounting. In addition, no amounts of gains or losses were classified in unrealized gains/losses
    related to cash flow hedges that have been discontinued because it was no longer probable that the original forecasted
    transaction would occur as anticipated.




                                                                    14.8
       ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                                  NOTES TO FINANCIAL STATEMENTS
       The notional amounts, carrying values and fair values of derivative instruments outstanding as of December 31, 2009 were as
       follows:


                                                                                        Carrying                 Fair Value                   Fair Value                   Average                    Income/
Type of Derivative                                           Notional                     Value                      Asset                      Liability                 Fair Value                  (Expense)


Interest Rate Swap                                        2,315,403,988                117,268,772                  123,472,730                 (12,199,901)                   5,298,706               48,716,996
Credit Default Swap Sold                                          20,000,000                         -                   662,151                              -                  220,717                  663,083
Credit Default Swap Puchased                                 199,900,000                      206,662                    967,609                       (760,947)                   12,157              (2,061,725)
Put Agreement                                                            -                           -                            -                           -                          -                       -
Equity Collar                                                            -                           -                            -                           -                          -                       -
Futures                                                      555,641,000                   3,458,936                  9,368,066                   (5,909,130)                    691,787                         -
  Totals                                                  3,090,944,988                120,934,370                  134,470,555                 (18,869,978)                   6,223,367               47,318,354

       The Company is not currently engaged in written covered options used for income generation or derivatives accounted for as
       cash flow hedges of a forecasted transaction, other than the payment of variable interest on existing financial instruments.

Note 9 - Income Taxes

 A. The net deferred tax asset/(liability) at December 31 and the change from the prior year are
    comprised of the following components:                                                                                            12/31/2009
                                                                                                              Ordinary                  Capital                Total                12/31/2008             Change
      (1a)   Total gross deferred tax assets                                                                  1,527,670,708              169,662,514          1,697,333,222          1,757,269,183          (59,935,961)
      (1b)   Statutory valuation allowance adjustment                                                                                                                   -                      -                    -
      (1c)   Adjusted gross deferred tax assets                                                                1,527,670,708             169,662,514          1,697,333,222          1,757,269,183          (59,935,961)
       (2)   Total deferred tax (liabilities)                                                                   (107,317,769)            (12,968,821)          (120,286,590)          (763,966,353)         643,679,763
       (3)   Net deferred tax asset (liability)                                                                1,420,352,939             156,693,693          1,577,046,632            993,302,830          583,743,802
       (4)   Deferred tax assets nonadmitted in accordance with SSAP No. 10R                                    (587,488,230)            (81,866,428)          (669,354,658)           (66,232,904)        (603,121,754)
       (5)   Admitted deferred tax asset (liability)                                                             832,864,709              74,827,265            907,691,974            927,069,926          (19,377,952)

     The change in deferred income taxes reported in surplus before consideration of nonadmitted assets is
     comprised of the following components:
                                                                                                              Ordinary                 Capital                 Total                12/31/2008             Change
      (6)    Net deferred tax asset (liability)                                                               1,420,352,939             156,693,693           1,577,046,632            993,302,830          583,743,802
      (7)    Tax-effect of unrealized gains and losses                                                          (51,731,583)             12,372,261             (39,359,322)          (651,315,386)         611,956,064
      (8)    Prior period adjustment                                                                                    -                (1,520,551)             (1,520,551)                                 (1,520,551)
      (9)    Net tax effect without unrealized gains and losses                                                                                                         -
               and prior period adjustment                                                                     1,472,084,522             145,841,983          1,617,926,505          1,644,618,216          (26,691,711)

      (10) Change in deferred income tax                                                                                                                                                                    (26,691,711)

      (11) The Company has elected to admit deferred tax assets pursuant to SSAP No. 10R, paragraph 10e for the reporting period 2009.
               For the 2008 reporting period the Company prepared the deferred taxes of the accompanying financial statements in conformity with
                                               s
               the Ohio Insurance Department' permitted practice as described in Note 1 - Summary of Significant Accounting Policies.


      (12) Additional admitted deferred tax assets pursuant to SSAP No. 10R, paragraph 10e.
                                                                                                                                                                               12/31/2009
              Ordinary deferred taxes                                                                                                                                             253,341,836
              Capital deferred taxes                                                                                                                                               49,884,843
                  Total additional admitted deferred taxes                                                                                                                        303,226,679


      (13) Components of admitted deferred tax asset calculation.                                                                                      12/31/2009
                                                                                                                          Ordinary                       Capital                 Total
              Paragraph 10.a                                                                                                             -                          -                        -
              Paragraph 10.b                                                                                                             -                          -                        -
              Paragraph 10.c                                                                                                             -                          -                        -
              Paragraph 10e.i.                                                                                                           -                 24,942,422              24,942,422
              Paragraph 10.e.ii.                                                                                                832,864,709                49,884,843             882,749,552
              Paragraph 10.e.iii.                                                                                               107,317,769                12,968,821             120,286,590
                    Total admitted deferred tax assets                                                                          940,182,478                87,796,086           1,027,978,564


                                                                                                                                                       12/31/2009
      (14) Risk Based Capital Summary                                                                                  With ¶ 10.a. -c.            With ¶ 10.e.                 Change


              Admitted DTAs                                                                                                     604,465,295               907,691,974             303,226,679
              Admitted assets                                                                                             26,958,768,455                27,261,995,134            303,226,679
              Statutory surplus                                                                                            9,171,816,731                 9,475,043,410            303,226,679
              Total adjusted capital                                                                                       9,171,150,814
              Authorized control level                                                                                     1,917,861,090


 B. Unrecognized deferred tax liabilities

       (1)    There are no temporary differences for which deferred tax liabilities are not recognized.

 C. Current income tax incurred consist of the following major components:
                                                                                                                                                                               12/31/2009               12/31/2008
       (1)    Current year expense (benefit)                                                                                                                                     (184,153,929)             (14,133,569)
       (2)    Tax credits                                                                                                                                                          (24,225,988)            (52,402,853)
       (3)    Prior year adjustments                                                                                                                                             (107,400,352)             (10,027,113)
       (4)    Audit settlements                                                                                                                                                      5,036,045              10,801,162
       (5)    Foreign Tax                                                                                                                                                               (1,159)                395,211
       (6)    Tax contingency reserve                                                                                                                                              (17,358,196)              5,242,291
       (7)    Other                                                                                                                                                                  6,486,292              35,140,500
       (8)    Current income tax incurred                                                                                                                                        (321,617,287)             (24,984,371)




                                                                                                             14.9
       ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                                   NOTES TO FINANCIAL STATEMENTS
     Deferred income tax assets and liabilities consist of the following major components:

             Deferred tax assets:                                                                                                                         12/31/2009                 12/31/2008           Change
      (1)    Investment in bonds                                                                                                                             102,803,626                172,287,138        (69,483,512)
      (2)    Investment in stocks                                                                                                                                     -                  15,219,422        (15,219,422)
      (3)    Partnership investments                                                                                                                          82,921,004                135,601,903        (52,680,899)
      (4)    Investments due and accrued                                                                                                                              -                         -                  -
      (5)    Guaranty fund assessments                                                                                                                                -                         -                  -
      (6)    Fixed assets                                                                                                                                     14,520,670                 30,280,984        (15,760,314)
      (7)    Derivatives                                                                                                                                              -                  12,516,231        (12,516,231)
      (8)    Deferred inter-company transactions                                                                                                                      -                         -                  -
      (9)    Surplus notes                                                                                                                                      4,659,598                       -            4,659,598
     (10)    Section 338                                                                                                                                              -                         -                  -
     (11)    Net operating loss                                                                                                                                       -                         -                  -
     (12)    Nonadmitted assets                                                                                                                               53,028,570                 66,177,328        (13,148,758)
     (13)    Intangibles                                                                                                                                                                        -                  -
     (14)    Loss reserves                                                                                                                                    280,200,087               264,612,570         15,587,517
     (15)    Commissions payable                                                                                                                               38,628,623                38,893,285           (264,662)
     (16)    Other liabilities                                                                                                                                178,229,673               194,070,839        (15,841,166)
     (17)    Unearned premium                                                                                                                                 334,592,331               345,672,825        (11,080,494)
     (18)    Capital loss carryforward                                                                                                                                -                         -                  -
     (19)    Loss based assessments                                                                                                                             3,202,790                 2,994,670            208,120
     (20)    Contingent suit reserves                                                                                                                          11,678,473                10,501,364          1,177,109
     (21)    Divestiture payable                                                                                                                                      -                   2,872,729         (2,872,729)
     (22)    Agent Security Compensation                                                                                                                      442,731,970               400,827,371         41,904,599
     (23)    Other                                                                                                                                            150,135,807                64,740,524         85,395,283
     (24)    Total deferred tax assets                                                                                                                      1,697,333,222             1,757,269,183        (59,935,961)
     (25)    Nonadmitted deferred tax assets                                                                                                                 (669,354,658)              (66,232,904)      (603,121,754)
     (26)    Admitted deferred tax assets                                                                                                                   1,027,978,564             1,691,036,279       (663,057,715)


             Deferred tax liabilities:                                                                                                                    12/31/2009                 12/31/2008           Change
     (27)    Investment in bonds                                                                                                                                         -                      -                  -
     (28)    Investment in stocks                                                                                                                                (12,122,438)          (753,028,347)       740,905,909
     (29)    Partnership investments                                                                                                                                     -                      -                  -
     (30)    Investments due and accrued                                                                                                                             (10,596)                   -              (10,596)
     (31)    Guaranty fund assessments                                                                                                                              (664,433)              (919,626)           255,193
     (32)    Fixed assets                                                                                                                                                -                      -                  -
     (33)    Derivatives                                                                                                                                         (76,969,013)                   -          (76,969,013)
     (34)    Deferred inter-company transactions                                                                                                                    (846,383)            (2,084,156)         1,237,773
     (35)    Surplus notes                                                                                                                                       (15,544,340)            (5,333,742)       (10,210,598)
     (36)    Section 338                                                                                                                                                 -                      -                  -
     (37)    Net operating loss                                                                                                                                          -                      -                  -
     (38)    Nonadmitted assets                                                                                                                                          -                      -                  -
     (39)    Intangibles                                                                                                                                                (331)                   -                 (331)
     (40)    Loss reserves                                                                                                                                               -                      -                  -
     (41)    Commissions payable                                                                                                                                         -                      -                  -
     (42)    Other liabilities                                                                                                                                   (12,402,461)                   -          (12,402,461)
     (43)    Unearned premium                                                                                                                                            -                      -                  -
     (44)    Capital loss carryforward                                                                                                                                   -                      -                  -
     (45)    Loss based assessments                                                                                                                                      -                      -                  -
     (46)    Contingent suit reserves                                                                                                                                    -                      -                  -
     (47)    Divestiture payable                                                                                                                                         -                      -                  -
     (48)    Agent Security Compensation                                                                                                                                 -                      -                  -
     (49)    Other                                                                                                                                                (1,726,595)            (2,600,482)           873,887
     (50)    Total deferred tax liabilities                                                                                                                     (120,286,590)          (763,966,353)       643,679,763
     (51)    Net admitted deferred tax asset/(liability)                                                                                                         907,691,974            927,069,926        (19,377,952)

                       s
     (52) The Company' gross deferred tax assets based on the weight of available evidence are more likely than not to be realized (a likelihood of more than
              50 percent)


D. The income tax incurred and change in deferred income tax differs from the amount obtained by applying
   the federal statutory rate of 35% to income before tax as follows

                                                                                                                                                                                12/31/2009             12/31/2008
       (1)    Current income taxes incurred                                                                                                                                       (321,617,287)           (24,984,371)
       (2)    Change in deferred income tax                                                                                                                                         26,691,711             25,628,449
              (without tax on unrealized gains and losses)
       (3)    Total income tax reported                                                                                                                                           (294,925,576)                 644,078

       (4)    Income before taxes                                                                                                                                                 (266,382,464)          537,917,836
                                                                                                                                                                                           35%                   35%
       (5)    Expected income tax expense (benefit) at 35% statutory rate                                                                                                          (93,233,862)          188,271,243

       (6)    Increase (decrease) in actual tax reported resulting from:

                 a.   Dividends received deduction                                                                                                                                   (4,457,273)         (134,280,341)
                 b.   Nondeductible expenses for meals, penalties, and lobbying                                                                                                     (29,657,626)           55,586,606
                 c.   Tax-exempt income                                                                                                                                             (45,861,001)          (58,626,666)
                 d.   Deferred tax benefit on nonadmitted assets                                                                                                                    (10,764,125)          (33,833,660)
                 e.   Change in Statutory valuation allowance adjustment                                                                                                                    -                     -
                 f.   Audit settlements                                                                                                                                               1,634,929            (7,161,033)
                 g.   Change in tax reserves                                                                                                                                        (17,358,196)            5,242,291
                 h.   Intangibles                                                                                                                                                           -                     -
                  i   Tax credits                                                                                                                                                   (86,400,000)          (48,473,429)
                 j.   Other                                                                                                                                                          (8,828,422)           33,919,068


       (7)    Total income tax reported                                                                                                                                           (294,925,576)                 644,078


E. Operating loss carryforward


     (1)      As of December 31, operating loss or tax credit carryforwards are available as follows:


                                                                                                                                                     Amount                     Origination            Expiration
              Operating loss carryforwards                                                                                                                          -
              Amount of AMT tax credits                                                                                                                  25,625,988                  12/31/2009           N/A
              Business credits                                                                                                                           60,774,012                  12/31/2009        12/31/2029


     (2)      The amount of Federal income taxes incurred that are available for recoupment in the event of future
              net losses are:


                      2009                                                                                                                                                                                          -
                      2008                                                                                                                                                                                          -




F.         Consolidated federal income tax return

           (1)                    s
                       The Company' federal income tax return is consolidated with the following entities:

                         AGMC Reinsurance, Ltd.                                                           Nationwide Lloyds
                         Allied General Agency Company                                                    Nationwide Management Systems, Inc.
                         Allied Group, Inc.                                                               Nationwide Property and Casualty Ins. Company




                                                                                                        14.10
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                  NOTES TO FINANCIAL STATEMENTS
                 Allied Property and Casualty Insurance Company           Nationwide Retirement Solutions, Inc.
                 Allied Texas Agency, Inc.                                Nationwide Retirement Solutions, Inc. of Arizona
                 AMCO Insurance Company                                   Nationwide Retirement Solutions, Inc. of Ohio
                 American Marine Underwriters, Inc.                       Nationwide Retirement Solutions, Inc. of Texas
                 Atlantic Floridian Insurance Company                     Nationwide Retirement Solutions Insurance
                 Crestbrook Insurance Company                                Agency, Inc.
                 Depositors Insurance Company                             Nationwide SA Capital Trust
                 DVM Insurance Agency, Inc.                               Nationwide Sales Solutions, Inc.
                 Freedom Specialty Insurance Company                      NFS Distributors, Inc.
                 Gates McDonald & Company                                 NWD Asset Management Holdings, Inc.
                 Gates McDonald & Company of New York, Inc.               NWD Investment Management, Inc.
                 Gates McDonald Health Plus, Inc.                         NWD Management & Research Trust
                 Insurance Intermediaries, Inc.                           Pension Associates, Inc.
                 Lone Star General Agency, Inc.                           Premier Agency, Inc.
                 National Casualty Company                                Registered Investment Advisors Services, Inc.
                 Nationwide Advantage Mortgage Company                    Riverview International Group, Inc.
                 Nationwide Affinity Insurance Company of America         Scottsdale Indemnity Company
                 Nationwide Agribusiness Insurance Company                Scottsdale Insurance Company
                 Nationwide Assurance Company                             Scottsdale Surplus Lines Insurance Company
                 Nationwide Bank                                          THI Holdings (Delaware), Inc.
                 Nationwide Better Health Holding Company                 Titan Auto Insurance of New Mexico, Inc.
                 Nationwide Better Health, Inc.                           Titan Indemnity Company
                 Nationwide Cash Management Company                       Titan Insurance Company
                 Nationwide Corporation                                   Titan Insurance Services, Inc.
                 Nationwide Document Solutions, Inc.                      V.P.I. Services, Inc.
                 Nationwide Financial Institution Distribution            Veterinary Pet Insurance Company
                     Agency, Inc.                                         Victoria Automobile Insurance Company
                 Nationwide Financial Services, Inc.                      Victoria Fire & Casualty Company
                 Nationwide General Insurance Company                     Victoria National Insurance Company
                 Nationwide Global Holdings, Inc.                         Victoria Select Insurance Company
                 Nationwide Global Ventures, Inc.                         Victoria Specialty Insurance Company
                 Nationwide Indemnity Company                             WI of Florida, Inc.
                 Nationwide Insurance Company of America                  Western Heritage Insurance Company
                 Nationwide Insurance Company of Florida                  Whitehall Holdings, Inc.
                 Nationwide International Underwriters
      (2)      The method of allocation among the companies is subject to the resolution approved by the Board of Directors.
               Allocation is based upon separate return or sub-group aggregated separate return calculations with the company
               being reimbursed for the actual Federal income tax benefit of its net operating losses which are actually used to
               reduce the taxable income of other companies in the consolidated return.

      (3)      The aggregate amount of deposits admitted under Section 6603 of the Internal Revenue Service Code is $70,000,000.

Note 10 - Information Concerning Parent, Subsidiaries, Affiliates and Other Related Parties

    A.      Nature of Relationships

            The Company is a mutual entity and, as such, is owned directly by its policyholders. The Company is operated by and
            solely in the interests of its policyholders.

            Bonds and stocks issued by any subsidiary or affiliate, if any, owned, acquired or disposed of in any year by the Company
            in are set forth in Schedule D of either this statement or those of prior years. Intercompany relationships and specific
            holdings are detailed in the Nationwide Corporate Organizational Chart, which appears as Schedule Y of this statement.

            The Company is a party to various reinsurance agreements including a pooling agreement with several affiliated
            companies. See Note #25.

            The Company and various affiliates have entered into agreements with Nationwide Cash Management Company (NCMC)
            a subsidiary of the Company, under which NCMC acts as a common agent in handling the purchase and sale of short-
            term securities for the respective accounts of the participants. Amounts on deposit with NCMC were $1.2 billion and $2.7
            billion as of December 31, 2009 and 2008, respectively, and are included in short-term investments on the accompanying
            statutory statements of admitted assets, liabilities, capital and surplus.

    B.      Detail of Transactions Greater than ½ % of Admitted Assets

            On August 10, 2009, the Company made a $1.1 million capital contribution to Nationwide Agribusiness Insurance
            Company, an affiliated company. On September 25, 2009, the Company made a $42.8 million capital contribution to
            Nationwide Corporation, an affiliated company. On November 24, 2009, the Company made a $5.7 million capital
            contribution to Nationwide Realty Investors, Ltd., an affiliated company. On December 18, 2009, the Company made a
            $14.5 million capital contribution to Scottsdale Indemnity Company, an affiliated company. During 2008, the Company
            made capital contributions to Nationwide Property and Casualty Insurance Company, Victoria Fire & Casualty Company
            and Titan indemnity Company in the amounts of $9 million, $22.5 million and $60 million, respectively.

            During 2008, the Company received ordinary dividends from Nationwide Assurance Company, AMCO Insurance
            Company, Allied Property and Casualty Insurance Company, Depositors Insurance Company, Insurance Intermediaries,
            Inc., Crestbrook Insurance Company, Nationwide General Insurance Company, Nationwide Affinity Insurance Company of
            America and Nationwide Agribusiness Insurance Company in the amounts of $20 million, $48.7 million, $35 million, $15
            million, $20 million, $80 million, $9 million, $2 million and $5.5 million, respectively. In addition, during 2008, the Company
            received extraordinary dividends from AMCO Insurance Company and Nationwide Agribusiness Insurance Company in
            the amounts of $36.3 million and $9.5 million, respectively. No dividends were received in 2009.

            During 2008, the Company received a return of capital from NC for $33.3 million.

    C.      Change in Terms of Intercompany Arrangements

            Nationwide Life Insurance Company (NLIC) and Nationwide Life Insurance Company of America (NLICA), entered into a
            merger agreement that was signed September 4, 2009 and dated effective August 28, 2009, with NLIC as the surviving
            entity. The merger received approval from insurance commissioners in Ohio, California and Pennsylvania and from the
            Securities and Exchange Commission. The closing of the agreement was December 31, 2009. Policies, contracts and
            accounts will not be affected by the merger, which is being completed to streamline capital structure and create
            operational efficiencies. Both NLIC and NLICA are members of the Nationwide Mutual Group.




                                                                        14.11
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                NOTES TO FINANCIAL STATEMENTS
         Also on September 4, 2009, NLIC subsidiary, Nationwide Life and Annuity Insurance Company (NLAIC) entered into a
         merger agreement with NLICA subsidiary, Nationwide Life and Annuity Company of America (NLACA), also effective as of
         August 28, 2009. NLAIC is the surviving entity. The closing of the agreement was December 31, 2009 and was subject
         to certain regulatory approvals.

    D.   Amounts Due to or from Related Parties

         The Company shares its home office, other facilities, equipment, and common management and administrative services
         with its subsidiaries and affiliates. Additionally, the Company is the lead company in the Nationwide Pool as disclosed in
         Note #25. Intercompany receivables and payables are the result of various transactions between the Company and its
         subsidiaries and affiliates where settlement has not yet occurred. The Company reported $250.5 million due from
         affiliates and $167.5 million due to affiliates in the current year. These arrangements are subject to written agreements
         which require that intercompany balances be settled within 30 days.

    E.   Guarantees or Contingencies for Related Parties

         The Company has no guarantees or contingent commitments to affiliates other than indicated in Note #14 A.

    F.   Management, Service Contracts, Cost Sharing Arrangements

         Pursuant to a cost sharing agreement among the Company and certain of its direct and indirect subsidiaries, the
         Company provides certain operational and administrative services, such as sales support, advertising, personnel and
         general management services, to those subsidiaries. Expenses covered by this agreement are subject to allocation
         among the Company and other affiliates. The allocations are based on techniques and procedures in accordance with
         insurance regulatory guidelines. Measures used to allocate expenses among companies include individual employee
         estimates of time spent, special cost studies, salary expense, commission expense and other methods agreed to by the
         participating companies that are within industry guidelines and practices. The Company believes these allocation
         methods are reasonable. In addition, the Company does not believe that expenses recognized under the intercompany
         agreements are materially different than expenses that would have been recognized had the Company operated on a
         stand-alone basis.

    G.   Nature of Relationships that Could Affect Operations

         Not applicable.

    H.   Amount Deducted for Investment in Upstream Company

         Not applicable.

    I.   Detail of Investment in Affiliates Greater than 10% of Admitted Assets

                                                                                          Basis of Valuation Purposes
                                                                     % Common            and Procedures Manual of the
                                Name                                 Ownership                     NAIC SVO

                    Nationwide Corporation (NC)                       95.2%              Part 8, Section 3 (i), (ii C) and (ii D)

         The Company owns 95.2% of the common stock of NC. NC is a holding company that owns U.S. Insurance, Foreign
                                          s,
         Insurance and non-insurance SCA' and as such values each of its subsidiaries based on their underlying characteristics
         in accordance with SSAP No. 97, paragraph 8. NC’s primary holding is Nationwide Financial Services (NFS).

         NFS is carried using the “look-through” approach of an unaudited downstream noninsurance holding company SCA entity.
         The difference between the amount at which NC is carried and the amount of underlying equity in net assets is $872
         million due to the goodwill in NFS being nonadmitted because it exceeds10% of adjusted surplus.

         NC carries Foreign Insurance SCA’s based on audited GAAP equity adjusted to statutory and non-insurance SCA’s based
         on audited GAAP equity. Any non-U.S. Insurance Company SCA’s that do not receive a U.S. GAAP audit are non-
         admitted and carried at $0.

         The Company’s pro rata share of the carrying value of NC, comprised of NFS, is $2.9 billion at December 31, 2009.

         All other assets and liabilities of NC are insignificant.

    J.   Write-down for Impairments of Investments in Subsidiary, Controlled or Affiliated Companies

         Not applicable.

    K.   Investment in a foreign insurance subsidiary

         Not applicable.

    L.   Downstream Holding Company

         Not applicable.

Note 11 - Debt

    A.   Capital Notes

         Not applicable.

    B.   All Other Debt

         On May 12, 2008 and May 19, 2008 prepaid forward contracts with a notional value of $588.6 million matured. On May
         12, 2003 and May 19, 2003, the Company entered into the contracts. The prepaid forward contracts had a 2.76% implied
         interest rate. These prepaid forward contracts included embedded net purchase options (equity collars) that required
         separate accounting from the host debt instrument. Under the terms of the prepaid forward contracts, the Company
         received upfront proceeds of $510.9 million in consideration for pledging certain equity securities as collateral. The
         Company delivered the associated equity securities to the counterparties on the maturity date for the contracts entered
         into on May 12, 2003 and May 19, 2003. Interest expense of $5.1 million and $15.5 million was recognized on the
         prepaid forward contracts during the period January 1, 2008 through May 19, 2008 and during the year ended December
         31, 2007, respectively. In 2008, the Company recognized a capital gain on the transaction at maturity of $780.7 million
         and received $54.1 million of cash and equities.




                                                                       14.12
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                               NOTES TO FINANCIAL STATEMENTS
         On May 12, 2003 and May 19, 2003, the Company entered into equity collar transactions that matured on May 12, 2008
         and May 19, 2008. These collars are associated with the prepaid forward contracts described above. The collars were a
         combination of a purchased put and a written call on the above pledged underlying equity securities. These collars
         protected the Company from any decline in fair value in the underlying securities, while permitting the Company to benefit
         in increases in fair value up to 120% of the contract price. The Company paid net premiums of $31.9 million, which were
         to be amortized straight-line into earnings over the life of the contracts. Investment expense of $2.2 million and $6.4
         million was recognized on the amortization of net premiums paid on the equity collar transactions during the period
         January 1, 2008 through May 19, 2008 and during the year ended December 31, 2007. The collars are deemed to be an
         embedded derivative under SSAP-86. The combined collar and prepaid forward is being accounted for in accordance with
         SSAP-15. Therefore, any changes in the fair value of the collars are applied to the carrying value of the prepaid forward
         debt, with the offset charged directly through surplus. In 2008, the Company recognized an $11.2 million capital loss on
         the collar.

         On October 28, 2008 a prepaid forward contract with a notional value of $309 million matured. On October 28, 2003, the
         Company entered into the contract. The prepaid forward contract had a 3.74% implied interest rate and matured on
         October 28, 2008. This prepaid forward contract included embedded net purchase options (equity collars) that required
         separate accounting from the host debt instrument. Under the terms of the prepaid forward contracts, the Company
         received upfront proceeds of $256.3 million in consideration for pledging certain equity securities as collateral. The
         Company delivered the associated equity securities to the counterparty on the maturity date for the contract entered into
         on October 28, 2003. Interest expense of $8.4 million and $10.4 million was recognized on the prepaid forward contracts
         during the period January 1, 2008 through October 28, 2008 and during the year ended December 31, 2007, respectively.
         In 2008, the Company recognized capital gain on the transaction at maturity of $228.9 million and received $23.6 million
         of cash and equities.

         On October 28, 2003, the Company entered into equity collar transactions that matured on October 28, 2008. These
         collars are associated with the prepaid forward contracts described above. The collars were a combination of a purchased
         put and a written call on the above pledged underlying equity securities. These collars protect the Company from any
         decline in fair value in the underlying securities, while permitting the Company to benefit in increases in fair value up to
         120% of the contract price. The Company paid net premiums of $0.9 million, which was amortized straight-line into
         earnings over the life of the contracts. Investment expense of $152 thousand and $182 thousand was recognized on the
         amortization of net premiums paid on the equity collar transactions during the period January 1, 2008 through October 28,
         2008 and during the year ended December 31, 2007. The collars are deemed to be an embedded derivative under SSAP-
         86. The combined collar and prepaid forward is being accounted for in accordance with SSAP-15. Therefore, any changes
         in the fair value of the collars are applied to the carrying value of the prepaid forward debt, with the offset charged directly
         through surplus. In 2008, the Company recognized a $54.2 million capital gain on the collar.

         The Company has available as a source of funds a $1 billion revolving credit facility entered into by NFS, NLIC and the
         Company on May 13, 2005. The facility is comprised of a five year $1 billion agreement maturing in May of 2010 with a
         group of financial institutions. The facility provides for several and not joint liability with respect to any amount drawn by
         any party. The facility contains covenants, including, but not limited to, requirements that the Company maintain statutory
         surplus, as defined, in excess of $5.3 billion and NLIC maintain statutory surplus in excess of $1.7 billion. The Company
         had no amounts outstanding under this agreement as of December 31, 2009. NLIC is currently required to maintain an
         available credit facility equal to 50% of any amounts outstanding under its $800 million commercial paper program.
         Therefore, availability under the aggregate $1 billion credit facility is reduced by an amount equal to 50% of any
         commercial paper outstanding. NLIC had $150 million of commercial paper outstanding as of December 31, 2009.

Note 12 - Retirement Plans, Deferred Compensation, Postemployment Benefits and Compensated Absences and Other
Postretirement Benefit Plans

    A.   Defined Benefit Plans

         The Company participates in a qualified defined benefit pension plan and a nonqualified defined benefit supplemental
         executive retirement plan sponsored by the Company. The qualified plan covers all employees of participating companies
         who have completed at least one year of service. Plan assets are invested in a third party trust and in group annuity
         contracts issued by NLIC and NLICA. All participants are eligible for benefits based on an account balance feature.
         Participants hired prior to 2002 who are at least 21 years of age are eligible for benefits based on the highest average
         annual salary of a specified number of consecutive years of the last ten years of service, if such benefits are of greater
         value than the account balance feature. Effective January 30, 2008, the Company merged the Nationwide Life Insurance
         Company Retirement Plan into the NRP. The Company funds pension costs accrued for direct employees plus an
         allocation of pension costs accrued for employees of affiliates whose work benefits the Company. The nonqualified plan
         covers certain executives with at least one year of service.

         On November 10, 2009, the Company announced changes to the NRP. Effective January 1, 2010, the company-paid
         early retirement enhancement, which is part of the final average pay formula, will be eliminated. Currently this
         enhancement provides an additional benefit for associates retiring between ages 55 and 65. In addition, pay credits under
         the account balance formula will stop. These changes affect associates eligible to receive the benefit based on the greater
         of the final average pay formula or the account balance formula. Affected associates’ benefits cannot be less than the
         NRP benefit they have already received.

         Pension costs charged to operations by the Company during the years ended December 31, 2009 and 2008 were $43.3
         million and $65.5 million, respectively. The Company recorded a prepaid pension asset of $214.8 million at December 31,
         2009, compared to a pension asset of $297.1 million as of December 31, 2008.

         The Pension Plan as a whole reported a pension benefit obligation for non-vested employees of $12.0 million and $13.5
         million at December 31, 2009 and 2008, respectively.

         The Company also sponsors life and health care defined benefit plans for qualifying retirees. Postretirement life and
         health care benefits are contributory and generally available to full time employees, hired prior to June 1, 2000, who have
         attained age 55 and have accumulated 15 years of service with the Company after reaching age 40. The employee
         subsidy for the postretirement death benefit was capped beginning in 2007. Employer subsidies for retiree life insurance
         ended as of December 31, 2008, as previously scheduled. No future employer contributions are anticipated for retiree life
         insurance, and settlement accounting was applied during 2008. Postretirement health care benefit contributions are
         adjusted annually and contain cost-sharing features such as deductibles and coinsurance. In addition, there are caps on
         the Company’s portion of the per-participant cost of the postretirement health care benefits. The company does not
         receive a Medicare Part D subsidy from the government. The Company’s policy is to fund the cost of health care benefits
         in amounts determined at the discretion of management. Plan assets are invested in a group annuity contract issued by
         NLIC and a third party trust.




                                                                      14.13
ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                         NOTES TO FINANCIAL STATEMENTS
  On September 3, 2009, the Company announced changes to the postretirement medical benefits available under the life
  and health care defined benefit plans. Beginning December 31, 2009, each employee’s current subsidy percentage was
  fixed and no additional service for benefits will be credited to the current plan formula. This modification will not impact
  former associates receiving Company-sponsored medical benefits prior to January 1, 2010. Additionally, effective
  January 1, 2010, all non-highly compensated employees (NHCE) as defined by IRC 414 will become eligible to receive
  an annual health care credit up to a maximum of $1,000 per year, not to exceed a maximum lifetime benefit of $25,000.
  The contribution will be a match of 33% of the NHCE’s otherwise unmatched savings account or 401(a) contributions. No
  contributions will be made by the Company if the employee does not make eligible contributions.

  The Company’s net periodic postretirement benefit costs (NPPBC) for the years ended December 31, 2009 and
  December 31, 2008 were $10.0 million and $5.9 million, respectively. The Company has recorded a prepaid
  postretirement asset of $26.4 million as of December 31, 2009 compared to a $28.7 million asset as of December 31,
  2008.

  The Postretirement Plan’s benefit obligation for non-vested employees was $91.8 million and $113.2 million at December
  31, 2009 and 2008, respectively.

  The following table summarizes benefit obligations, the fair value of plan assets, funded status and net periodic benefit
  cost of the pension plan and postretirement benefit plans as a whole at December 31, 2009 and 2008:

                                                               Pension Benefits                           Postretirement Benefits
                                                        2009                  2008                      2009               2008
   1. Change in benefit obligation:
      a. Benefit obligation at beginning of year 1   $3,508,862,266         $3,721,692,602             $161,742,955         $167,419,164
      b. Service cost                                   139,044,605            159,962,307               14,670,000            14,370,209
      c. Interest cost                                  193,781,645            191,575,534                9,902,776             9,196,826
      d. Contribution by plan participants                        0                      0                        0             4,668,458
      e. Actuarial (gain) loss                        (331,701,297)          (394,273,877)               30,114,219          (13,172,800)
      f. Foreign currency exchange rate
                                                                   0                       0                        0                     0
         changes
      g. Benefits paid                                (172,618,676)          (164,706,979)              (13,364,589)         (20,738,902)
      h. Plan amendments 1                            (223,146,376)               (452,553)                        0                    0
      i. Plan curtailment                                         0             (4,934,768)                        0                    0
      j. Acquisition                                              0                       0                        0                    0
      k. Benefit obligation at end of year           $3,114,222,167         $3,508,862,266             $203,065,361         $161,742,955

   2. Change in plan assets
      a. Fair value of plan assets at beginning
                                                     $3,189,224,726         $3,518,241,368             $126,120,432         $158,446,656
         of year
      b. Actual return on plan assets                   409,761,980          (176,294,835)               20,103,747          (30,716,334)
      c. Foreign currency exchange rate
                                                                   0                       0                        0                     0
         changes
      d. Employer contribution                           14,600,358             11,985,172               13,364,589            14,460,554
                          s
      e. Plan participant' contributions                          0                      0                                      4,668,458
      f. Benefits paid                                (172,618,676)          (164,706,979)              (13,364,589)         (20,738,902)
      g. Plan curtailment                                         0                      0                         0                    0
      h. Fair value of plan assets at end of year    $3,440,968,388         $3,189,224,726             $146,224,179         $126,120,432

   3. Funded status                                     326,746,221          (319,637,540)             $(56,841,182)       $(35,622,523)
      a. Unamortized prior service cost               (175,690,001)             51,736,679              (10,924,076)        (12,590,123)
      b. Unrecognized net (gain) or loss                 19,870,394            522,971,309                68,779,519          51,339,479

      c. Remaining net obligation or (net asset)
         at initial date of application                 (7,829,496)            (23,233,901)                       0                     0
      d. Prepaid assets or (accrued liabilities)      $163,097,118            $231,836,547               $1,014,261          $(3,126,833)

      e. Intangible asset                                          0                       0                     N/A                    N/A

   4. Accumulated benefit obligation for vested
      employees and partially vested                 $2,801,550,971         $2,859,649,982                       N/A                    N/A
      employees to the extent vested

   5. Benefit obligation for non-vested
      employees
      a. Projected benefit obligation                  $11,959,175             $13,508,706              $91,780,178         $113,325,759
      b. Accumulated benefit obligation               $(32,109,171)            $23,498,706                      N/A                  N/A

   6. Components of net periodic benefit cost
      a. Service cost                                 $139,044,605           $159,962,307               $14,670,000         $14,370,209
      b. Interest cost                                  193,781,645            191,575,534                 9,902,776           9,196,826
      c. Expected return on plan assets               (240,971,311)          (249,550,064)               (9,812,899)        (11,858,139)
      d. Amortization of incremental asset             (15,404,405)           (14,818,761)                         0              67,623
      e. Amount of recognized (gains) and
                                                          2,608,949             14,427,288                 2,383,331                141,554
         losses
      f. Amount of prior service cost recognized          4,280,304               8,448,916              (1,666,047)             (1,193,125)
      g. Amount of recognized (gain) or loss
         due to a settlement or curtailment                       0             (1,448,780)                       0              (2,884,253)
      h. Total net periodic benefit cost                $83,339,787           $108,596,440              $15,477,161              $7,840,695


  The Prior Service Cost Base established December 31, 2007 and 2006 reflects the enactment of the Pension Protection Act
  of 2006 on August 17, 2006. The Act provides for EGTRRA Permanence, the permanent increase in the covered pension
  compensation for qualified pension plans, and the three year cliff vesting for pension plans with hybrid formula features.
  The impact of the Act on the December 31, 2009 and 2008 projected benefit obligation is $(223,146,376) and $(452,553),
  respectively.




                                                               14.14
ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                           NOTES TO FINANCIAL STATEMENTS
  7.    A minimum pension liability is required when the actuarial present value of accumulated benefits exceeds plan
        assets and accrued pension liabilities. The Company was not required to record a minimum pension liability at
        December 31, 2009 or 2008.

  8.    The following table is the basis of measurement for plan liabilities and is relevant for items 1-4 above:
                                                                        Pension Benefits                  Postretirement Benefits
                                                                     2009              2008                2009            2008
        Weighted-average assumptions as of
           December 31,
        a. Weighted average discount rate                                5.95%           5.90%                5.70%            6.15%
        b. Rate of increase in future compensation levels                5.40%           4.75%                   N/A              N/A
        c. Assumed health care cost trend rate:
           Initial rate                                                        -               -              8.75%            9.00%
           Ultimate                                                            -               -              5.00%            5.00%
            Declining period                                                   -               -            16 Years        16 Years

        The following table is the basis of measurement for net periodic pension and postretirement costs and is relevant for
        item 5 above:
                                                                      Pension Benefits               Postretirement Benefits
                                                                    2009           2008              2009               2008

        a. Weighted average discount rate                              5.90%           5.25%                6.15%             5.80%
        b. Rate of increase in future compensation levels              4.75%           4.75%                   N/A               N/A
        c. Expected long-term rate of return on plan assets            7.25%           7.25%                7.50%             7.50%


        As of October 31, 2009, the net periodic benefit cost for the pension benefits was remeasured due to plan changes.
        The discount rate used for the net periodic benefit cost from November 1, 2009 to December 31, 2009 was 5.7%
        All other assumptions remained the same.

        As of August 31, 2009, the net periodic benefit cost for the postretirement benefits was remeasured due to plan
        changes. The discount rate used for the net periodic benefit cost from September 1, 2009 to December 31, 2009
        was 5.5%. All other assumptions remained the same.

        In determining the discount rate assumptions, the Company matches projected benefit payments to published
        market yields as of December 31.

        The expected long-term rate of return on plan assets’ assumption is the long-term rate the Company expects to
        earn based on the plans’ investment strategies. The Company employs a prospective building block approach in
        determining its assumptions, which may vary by plan and may change when the target investment portfolio
        changes. In this approach, historical and expected future returns of multiple asset classes were analyzed to
        develop an expected rate of return, considering expected risk free rates of return and risk premiums. The Company
        uses the internal Capital Market Expectations (CME) report that is based upon the strategic asset allocation of the
        plan assets. The long-term rate of return on plan assets that is derived from the CME will be compared to external
        benchmarks to ensure it is reasonable and then will be rounded to the nearest quarter percent. Given the
        prospective nature of this calculation, short-term fluctuations in the market do not impact the expected risk
        premiums and the expected rate of return on plan assets.

  9.    Nationwide uses December 31 as the measurement date.

  10. The following table shows the assumed health care cost trend rates for postretirement benefits other than pension:

                                                         2009                           2008
          Initial rate                                  9.00%                          8.00%
          Ultimate rate                                 5.00%                          5.50%
          Declining rate                               16 years                       5 Years

  11. As a result of the 2004 postretirement health plan change, the effect of a one percentage point change in the trend
      assumption on the accumulated postretirement benefit obligation (APBO) as a whole was not material as of
      December 31, 2008 and 2009 due to the plan caps.

  12. The following table shows the asset allocation for the pension plan at the end of 2009 and 2008 by asset category:

                                               Target Allocation
                                                 Percentage                          Percentage of plan assets
                                                                                   2009                   2008
       Asset Category:
         Equity securities                           19%                              15%                    31%
         Debt securities                             70%                              81%                    67%
         Other                                        11%                             4%                      2%
          Total                                      100%                            100%                    100%




                                                              14.15
ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                           NOTES TO FINANCIAL STATEMENTS

          The pension plans employ a total return investment approach whereby a mix of equities and fixed income
          investments are used to maximize the long-term return of plan assets for a prudent level of risk. Risk tolerance is
          established through careful consideration of plan liabilities, plan funded status, and corporate financial condition.
          Plan language requires investment of a portion of assets in a group annuity contract backed by fixed investments
          with an interest rate guarantee to match liabilities for specific classes of retirees. On a periodic basis, the portfolio is
          analyzed to establish the optimal mix of assets given current market conditions and risk tolerance. Derivatives may
          be utilized for management of market risk exposures when they provide a more efficient alternative to cash market
          transactions.

          The following table shows the asset allocation for the postretirement benefit plan at the end of 2009 and 2008 by
          asset category:

                                                     Target Allocation
                                                       Percentage                            Percentage of plan assets
                                                                                             2009                  2008
           Asset Category:
             Equity securities                              50%                              58%                       48%
             Debt securities                                50%                              42%                       51%
             Other                                           0%                               0%                       1%
              Total                                        100%                             100%                      100%

          The postretirement benefit plan employs a total return investment approach whereby a mix of equities and fixed
          income investments are used to maximize the long-term return of plan assets for a prudent level of risk. Risk
          tolerance is established through careful consideration of plan liabilities, plan funded status, and corporate financial
          condition. Plan investments for retiree life insurance benefits include a retiree life insurance contract issued by NLIC.
          Plan investments for retiree medical liabilities include both a group annuity contract issued by NLIC, backed by fixed
          investments with an interest rate guarantee, and a third-party trust. The investment mix is measured and monitored
          on an ongoing basis through regular investment reviews, annual liability measurements, and periodic asset/liability
          studies.

     13. The following table shows benefits expected to be paid in each of the next five fiscal years and in the aggregate for
         the five fiscal years thereafter (in millions):

                                                                  Pension Benefits                      Postretirement
                                                                                                          Benefits
                    2010                                             $ 173,070,000                         $ 19,686,000
                    2011                                                175,754,000                           19,686,000
                    2012                                                179,810,000                           19,291,000
                    2013                                                184,257,000                           18,757,000
                    2014                                                190,479,000                           17,936,000
                    2015-2019                                         1,059,868,000                           72,841,000

     14. The Company expects to contribute $12.8 million to the non-qualified pension plan and $19.7 million to the
         postretirement benefit plan in 2010. The Company does not have a required minimum funding contribution for the
         NRP and as of this date, has not determined the amount of any contribution.

     15. Plan assets are invested in a trust with The Bank of New York Mellon as the custodian and trustee, a group annuity
         contract issued by NLIC, and a group annuity contract of NLICA.

     16. Not applicable.

     17. Not applicable.

     18. Not applicable.

     19. Not applicable.

B.   Defined Contribution Plans

     The Company, together with other affiliated companies, participates in a defined contribution retirement savings plan
     (401(k) and PPP) covering substantially all employees. Employees make salary deferral contributions of up to 80%.
     Salary deferrals of up to 6% are subject to a 50% company match. The Company match is funded on a biweekly basis
     and the expense of such contributions are allocated to the Company based on employee contributions. For the Plan as a
     whole, the expense was $56.0 million and $53.9 million for 2009 and 2008, respectively. Individuals are subject to a dollar
     limit on salary deferrals per IRS Section 402(g) ($16,500 and $15,500 in 2009 and 2008, respectively). Other limits also
     apply.

     The Company’s Benefit Plan Committee approved the termination of the PPP effective December 31, 2008. The Board of
     Directors approved the plan termination on April 1, 2009, and all contributions under the plan have ceased.

C.   Multiemployer Plans

     Not applicable.

D.   Consolidated/Holding Company Plans

     The Company, together with other affiliated companies, participates in non-qualified deferred compensation and defined
     benefit arrangements for certain employees and agents. Expenses are allocated to the Company based on individual
     participants. Total Plan liabilities for non-qualified deferred compensation plans were $272.1 million and $251.0 million on
     December 31, 2009 and December 31, 2008, respectively. Total Plan liabilities for non-qualified defined benefit plans
     were $246.8 million and $261.8 million on December 31, 2009 and December 31, 2008, respectively. Total expense
     related to the non-qualified benefit plans was $22.1 million and $41.2 million for years ended December 31, 2009 and
     2008, respectively.

     The ASCP is a non-qualified, unfunded deferred compensation program available to eligible agents. The designated
     agents covered by the ASCP are not employees of the Company, but they are independent contractors exclusively
     representing the Company in the sale of insurance and related products. Accordingly, the Company believes it is
     appropriate to apply the concepts of SSAP No. 89, Accounting for Pensions, A Replacement of SSAP No. 8, by analogy
     to the ASCP.




                                                                  14.16
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                 NOTES TO FINANCIAL STATEMENTS
         Total liabilities related to the ASCP were $1,261.8 million and $1,141.3 million at December 31, 2009 and 2008,
         respectively. Total expense recorded for this program was $119.1 million and $131.2 million for the years ended
         December 31, 2009 and 2008, respectively.

    E.   Postemployment Benefits and Compensated Absences

         Not applicable.

    F.   Impact of Medicare Modernization Act on Postretirement Benefits

         In 2004, the postretirement medical plan was amended to reflect the provisions of the Medicare Prescription Drug,
         Improvement and Modernization Act of 2003 (the Act), which was signed into law on December 8, 2003. The amendment
         integrates prescription drug benefits with the coverage provisions provided in the Act. The impact of the amendment is
         reflected in the accumulated postretirement benefit obligations beginning December 31, 2004. The one time expense
         impact of the Act was a $2.0 million decrease for 2005.

Note 13 - Capital and Surplus, Dividend Restrictions and Quasi-Reorganizations

    A.   Outstanding Shares

         The Company is a mutual entity and, as such, is owned directly by its policyholders. The Company is operated by and
         solely in the interests of its policyholders.

    B.   Dividend Rate of Preferred Stock

         Not applicable.

    C.   Dividend Restrictions

         Dividends may be paid to shareholders by State of Ohio domiciled insurance companies without prior approval of the
         Director of Insurance subject to 10% limitations relative to prior year surplus or prior year net income.

    D.   Dividends Paid

         No dividends were paid or received by the Company during 2009. On September 30, 2008, the Company received
         ordinary dividends from Nationwide Assurance Company, AMCO Insurance Company, Allied Property and Casualty
         Insurance Company, Depositors Insurance Company and Insurance Intermediaries, Inc., in the amounts of $20 million,
         $48.7 million, $35 million, $15 million, and $20 million, respectively. In addition, On September 30, 2008, the Company
         received extraordinary dividends from AMCO Insurance Company in the amount of $36.3 million. On October 1, 2008,
         the Company received ordinary dividends from Crestbrook Insurance Company, Nationwide General Insurance Company
         and Nationwide Affinity Insurance Company of America in the amounts of $80 million, $9 million and $2 million,
         respectively. On November 24, 2008, the Company received an ordinary and extraordinary dividend from Nationwide
         Agribusiness Insurance Company in the amounts of $5.5 million and $9.5 million, respectively.

    E.   Profits Available for Ordinary Dividends

         Within the limitations of (C) above, there are no restrictions placed on the portion of Company profits that may be paid as
         ordinary dividends to shareholders.

    F.   Restrictions on Surplus

         There is no restriction on the use of the Company’s unassigned surplus and such surplus is held for the benefit of the
         shareholder.

    G.   Advances to Surplus Not Repaid

         Not applicable.

    H.   Stock Held by Company for Special Purposes

         Not applicable.

    I.   Changes in Special Surplus Funds

         Not applicable.

    J.   Changes in Unassigned Funds

         The portion of unassigned funds (surplus) represented or reduced by each item below is as follows:


                                                             Current Year Increase
                                 Description                 (Decrease) in Surplus
                 1. Unrealized Gain or Loss                          (1,450,435,784)
                 2. Nonadmitted Assets                                 (599,073,878)
                 3. Provision for Reinsurance                             18,643,650
                 Total Increase (Decrease)                           (2,017,056,531)




                                                                    14.17
ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                            NOTES TO FINANCIAL STATEMENTS

K.   Surplus Notes

     Issued Surplus Notes

     On August 5, 2009, the Company issued $700 million of 9.375% surplus notes in exchange for cash. The notes were
     issued pursuant to Rule 144A under the Securities Act of 1933 and mature August 15, 2039. The notes are not part of the
     legal liabilities of the Company, and are not a liability or claim against the Company or any of its assets. Interest
     payments are scheduled semi-annually on February 15 and August 15 of each year, commencing February 15, 2010,
     over the life of the surplus note with the principal due at maturity. The Director of the Ohio Department of Insurance
     (Director) must approve interest and principal payments before paid and only to the extent the Company has sufficient
     policyholder’s surplus to make such payment. The 9.375% surplus note may be redeemed by the Company, with the
     approval of the Director, at any time for a redemption price equal to the greater of 100% of their principal amount or the
     sum of the present value of the remaining scheduled payments of principal and interest on the notes, discounted to the
     redemption date on a semi-annual basis at the Treasury Rate plus 50 basis points, as defined in the notes. The Company
     has incurred no interest expense on this note as of December 31, 2009. Issuance costs of $7.8 million were expensed in
     accordance with statutory accounting principals. The notes are unsecured obligations of the Company and are expressly
     subordinated in right of payment to all existing and future claims and senior indebtedness, including all insurance policies
     and existing or future indebtedness issued, incurred, or guaranteed by the Company, including similarly subordinated
     obligations. In the event of a liquidation proceeding, holders of indebtedness, policy claims and prior claims would have
     greater preference under both the Liquidation Act and the terms of the note and, accordingly would have the right to be
     paid in full before any payments of interest and principal are made to the note holders.

     On April 5, 2004, the Company issued $400 million of 6.60% surplus notes due April 15, 2034. The notes were issued in
     accordance with Section 3901.72 of the Ohio Revised Code. Except as provided in Section 3901.72, the notes are not
     part of the legal liabilities of the Company, and are not a liability or claim against the Company or any of its assets.
     Interest payments are scheduled semi-annually over the life of the surplus notes with the principal due at maturity. The
     Director of the Ohio Department of Insurance (Director) must approve interest and principal payments before paid. The
     6.60% surplus note may be redeemed by the company, with the approval of the Director, at any time for a redemption
     price equal to the greater of 100% of their principal amount or the sum of the present value of the remaining scheduled
     payments of principal and interest on the notes, discounted to the redemption date on a semi-annual basis, as defined in
     the notes. Issuance costs were expensed in accordance with statutory accounting principles. In 2009 and 2008, incurred
     interest expense on this note totaled $26.4 million and $26.4 million, respectively. The accumulated interest incurred
     through December 31, 2009 was $145.9 million.

     On March 25, 2003, the Company issued $300 million of 7.875% surplus notes due April 1, 2033. The notes were issued
     in accordance with Section 3901.72 of the Ohio Revised Code. Except as provided in Section 3901.72, the notes are not
     part of the legal liabilities of the Company, and are not a liability or claim against the Company or any of its assets.
     Interest payments are scheduled semi-annually over the life of the surplus notes with the principal due at maturity. The
     Director of the Ohio Department of Insurance (Director) must approve interest and principal payments before paid. The
     7.875% surplus note may be redeemed by the Company, with the approval of the Director, at any time for a redemption
     price equal to the greater of 100% of their principal amount or the sum of the present value of the remaining scheduled
     payments of principal and interest on the notes, discounted to the redemption date on a semi-annual basis, as defined in
     the notes. Issuance costs were expensed in accordance with statutory accounting principles. In 2009 and 2008, incurred
     interest expense on this note totaled $23.6 million and $23.6 million, respectively. The accumulated interest incurred
     through December 31, 2009 was $153.9 million.

     On November 30, 2001, the Company issued $400 million of 8.25% surplus notes due December 1, 2031. The notes
     were issued in accordance with Section 3901.72 of the Ohio Revised Code. Except as provided in Section 3901.72, the
     notes are not part of the legal liabilities of the Company, and are not a liability or claim against the Company or any of its
     assets. Interest payments are scheduled semi-annually over the life of the surplus notes with the principal due at
     maturity. The Director must approve interest and principal payments before paid. The 8.25% surplus note may be
     redeemed by the Company, with the approval of the Director, at any time for a redemption price equal to the greater of
     100% of their principal amount or the sum of the present value of the remaining scheduled payments of principal and
     interest on the notes, discounted to the redemption date on a semiannual basis, as defined in the notes. Issuance costs
     were expensed in accordance with statutory accounting principles. In 2009 and 2008, incurred interest expense on this
     note totaled $33.0 million and $33.0 million, respectively. The accumulated interest incurred through December 31, 2009
     was $264.1 million.

     On December 2, 2008, the Company exercised its right to issue $400 million of 5.81% surplus notes due December 15,
     2024. The note was originally created as a contingent note (discussed below) on December 15, 2004 through the North
     Front Pass-Through Trust. For the period from 12/15/04 to 12/15/14 (the “Fixed Rate Period”), the Securities will pay to
     its holders interest of 5.81% per annum. Thereafter, until maturity (the “Floating Rate Period”), the Securities will pay
     interest per annum at a rate of 3 month LIBOR, plus 2.29%. The notes were issued in accordance with Section 3901.72
     of the Ohio Revised Code. Except as provided in Section 3901.72, the notes are not part of the legal liabilities of the
     Company, and are not a liability or claim against the Company or any of its assets. Interest payments are scheduled
     semi-annually over the life of the surplus notes with the principal due at maturity. The Director must approve interest and
     principal payments before paid. The surplus note may be redeemed by the Company, with the approval of the Director, at
     any time for a redemption price equal to the greater of 100% of their principal amount or the sum of the present value of
     the remaining scheduled payments of principal and interest on the notes, discounted to the redemption date on a
     semiannual basis, as defined in the notes. There were no issuance costs expensed as the note was created as a
     contingent note through the North Front Pass-Through Trust. In 2009 and 2008, incurred interest expense on this note
     totaled $839 thousand and $23.2 million, respectively. The accumulated interest incurred through December 31, 2009
     was $24 million.

     North Front Pass-Through Trust Structure

     On December 15, 2004, North Front Pass-Through Trust (the “Trust”), a Delaware statutory trust, issued $400 million of
     CSN Pass – Through Securities (the “Securities”), due December 15, 2024. For the period from 12/15/04 to 12/15/14 (the
     “Fixed Rate Period”), the Securities will pay to its holders interest of 5.81% per annum. Thereafter, until maturity (the
     “Floating Rate Period”), the Securities will pay interest per annum at a rate of 3 month LIBOR, plus 2.29%.

     Also on December 15, 2004, North Front Trust (the “Capital Facilities Trust”), a Delaware statutory trust, issued $400
     million of CSN Securities (the “Trust Securities”) to the Trust, under the same terms as the Securities.

     Under the terms of the above transaction, the Company, subject to the approval of the Director, has the right to exercise
     its option to issue to the Capital Facilities Trust, surplus notes in an aggregate principal amount not to exceed $400
     million. Upon exercise of this right, the surplus notes issued to the Capital Facilities Trust are held by the Capital Facilities
     Trust for the benefit of the holders of the Trust Securities until the Trust Securities are redeemed or the Capital Facilities
     Trust is liquidated. For so long as surplus notes are held by the Capital Facilities Trust, interest and principal paid thereon
     will be passed through to the holders of the Trust Securities and in turn, to the holders of the Securities. Upon exercise in
     full of the Company’s right to issue surplus notes, both trusts were liquidated, following which the surplus notes were
     distributed ratably to the holders of the Securities.




                                                                  14.18
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                              NOTES TO FINANCIAL STATEMENTS
         On December 2, 2008, the Nationwide Insurance Finance Committee elected to exercise the 2004 put agreement
         established between Capital Facilities Trust and the Company, resulting in liquidation of the Trust and issuance of $400
         million of surplus notes at a discount of $121.5 million due December 15, 2024.

         The structure also included a put option that gave the Company the right to issue the surplus note at the fixed rate of
         5.81%. The put protected the Company from interest rate shifts in the market to guarantee the 5.81% rate. In the fourth
         quarter of 2008, the financial market experienced turmoil with many lenders hording cash, creating a shortage of funds
         available to loan. As a result, the put protected the company and generated a capital gain of $159.6 million. This
         increased surplus and also was considered as a discount on the issuance of the note. An interest rate swap was also
         included in the structure that converted a LIBOR rate that the Company had been paying to the Trust to a fixed rate of
         5.81%. The exercise of the swap created a $38.1 million capital loss which was also included in the discount on the
         issuance of the surplus note. The put and the swap combined to create a $121.5 million discount on the surplus note.
         The discount is being amortized using the effective interest method to December 15, 2014 which was the maturity date of
         the put and the swap.

    L. and M. Quasi Reorganizations

         Not applicable.

Note 14 - Contingencies

    A.   Contingent Commitments

         The Company has guaranteed the timely payment and performance of the obligations of Nationwide Indemnity Company
         (NIC) under the reinsurance agreements, dated December 31, 1998, between NIC and Employers Life Insurance
         Company of Wausau and certain of its affiliated property and casualty companies. NIC carried loss and loss adjustment
         expense reserves of $1.8 billion at December 31, 2009 associated with these reinsurance agreements.

         The Company has guaranteed loans to its agents with various maturities issued by Nationwide Bank, which totaled
         $122.1 million and $156.6 million at December 31, 2009 and 2008, respectively. Each guarantee requires the Company
         to satisfy the outstanding loan amount of any loan in the event of Agent default. Such loans are deemed to be in default
         when the borrower is 90 days or more past due on contractually required payments. At December 31, 2009 and 2008 the
         Company assessed the risk of guarantee enforcement as “low” based on historical experience, current agent delinquency
         rates, overall agent financial strength and knowledge of this loan portfolio.

         The Company has guaranteed the indebtedness of its subsidiary Nationwide Life for a term loan for servicing rights to
         NAMC, which has a current balance of $25.0 million and matures on November 16, 2016 Pursuant to the terms of this
         guarantee, the Company would be required to repay Nationwide Life in the event of default by NAMC. As of the reporting
                            s
         date, the Company' assessed performance risk of the guarantee is low. This assessment has been determined in
         consideration of NAMC’S payment history, as NAMC is current in all payments of principal and interest.

         The Company has guaranteed the obligations of its subsidiary Nationwide Advantage Mortgage Corporation for its high
         delinquency rates in its GNMA portfolio. Pursuant to the terms of this guarantee, the Company would be required to pay
                                                                                              s
         GNMA in the event of default by NAMC. As of the reporting date, the Company' assessed performance risk of the
         guarantee is low. This assessment has been determined in consideration of NAMC’S performance, as NAMC is current in
         all obligations.

         The Company has guaranteed the indebtedness of its subsidiary Nationwide Advantage Mortgage Corporation (NAMC)
         for a Working Capital facility to NAMC, which has a current balance of $25.0 million and matures on December 18, 2010
         Pursuant to the terms of this guarantee, the Company would be required to repay JPMChase in the event of default by
                                                         s
         NAMC. As of the reporting date, the Company' assessed performance risk of the guarantee is low. This assessment
         has been determined in consideration of NAMC’S payment history, as NAMC is current in all payments of principal and
         interest.

         The Company has guaranteed the indebtedness of its subsidiary Nationwide Realty Investors, Ltd. (NRI) for a Working
         Capital Facility for NRI, which has a current balance of $44.2 million and matures on September 26, 2012. Pursuant to
         the terms of this guarantee, the Company would be required to repay Huntington National Bank in the event of default by
                                                        s
         NRI. As of the reporting date, the Company' assessed performance risk of the guarantee is low. This assessment has
         been determined in consideration of NRI’S payment history, as NRI is current in all payments of principal and interest.

         The Company has guaranteed the indebtedness of its subsidiary NF Re for a Letter of Credit, for $25.0 million and expires
         on December 31, 2010. Pursuant to the terms of this guarantee, the Company would be required to repay Societe
                                                                                            s
         Generale in the event of default by NF Re. As of the reporting date, the Company' assessed performance risk of the
         guarantee is low. This assessment has been determined in consideration of NF Re payment history, as NF Re is current
         in all payments of principal and interest.

         The Company has guaranteed full payment of workers’ compensation claims for eleven subsidiaries. The self insurance
         program is protected by external insurance which limits the exposure to $2.0 million each accident or $2.0 million each
         employee for disease. Credit risk of external insurance remains with the Company. Pursuant to the terms of this
         guarantee, the Company would be required to pay $2 million for each accident or $2 million for each employee for
         disease. This guarantee is required by the Ohio State WC Fund to allow the smaller subsidiaries to be self insured.

         As of December 31, 2009, the present value of structured settlement annuities for which the claimant is payee, but for
         which the Company is contingently liable, was $8.6 million. The Company has committed no reserves to cover any
         contingent liabilities.

    B.   Guaranty Fund and Other Assessments

         The Company is subject to guaranty fund and other assessments by the states in which it writes business. Guaranty fund
         assessments should be accrued at the time of insolvencies. Other assessments should be accrued either at the time of
         assessments or in the case of premium based assessments, at the time the premiums were written. In the case of loss-
         based assessments, the assessments should be accrued at the time the losses are incurred.

         The Company has accrued a liability for guaranty fund and other assessments of $26.9 million and a related premium tax
                                                                      s
         benefit asset of $18.0 million. These represent management' best estimates based on information received from the
                                                                                                                  s
         states in which the Company writes business and may change due to many factors including the Company' share of the
         ultimate cost of current insolvencies.

    C.   Gain Contingencies

         Not applicable.




                                                                  14.19
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                 NOTES TO FINANCIAL STATEMENTS
    D.   Claims Related Extra Contractual Obligations and bad Faith Losses Stemming From Lawsuits

                                                                                              s
         Various lawsuits arise against the Company in the normal course of the Company' business. Contingent liabilities arising
         from litigation were reserved net of anticipated recoveries for $102.8 million and $155.5 million at December 31, 2009 and
         2008 respectively.

    E.   All Other Contingencies

         The Company has also purchased annuities to fund workers’ compensation indemnity claims where there has been no
         settlement with the claimant. The Company released its claim reserve, but remains contingently liable for the estimated
         life expectancy payout of $22.6 million.

Note 15 - Leases

    A.   Lessee Leasing Arrangements

         1.    The rental expense for 2009 and 2008 was approximately $81.1 million, and $87.6 million, respectively.

         2.    At January 1, 2010, the future minimum rental payments in the aggregate and for each of the five succeeding years
               are $193.2 million.

         3.    Sale Leaseback for 2009

               Not applicable.

    B.   Lessor Leasing Arrangements

         Not applicable.

Note 16 - Information About Financial Instruments With Off-Balance Sheet Risk And Financial Institutions With
Concentrations of Credit Risk

    A.   Face or Contract Amounts

         1. A financial instrument has off-balance sheet risk of accounting loss if the risk of accounting loss to the Company may
            exceed the amount recognized as an asset, if any, or if the ultimate obligation may exceed the amount that is
            recognized as a liability. The table below summarizes the face amount (notional amount for swaps, original amount for
                                                                                                                          s
            futures, and number of contracts times shares per contract times strike price for options) of the Company' financial
            instruments with off-balance sheet risk:

                                                                    Assets                                  Liabilities
                             Description                   2009                 2008                2009                  2008

              a.               Swaps                    2,288,968,884        2,036,344,225         246,335,104          2,162,035,104
              b.               Futures                    435,641,000                  -           120,000,000              3,100,000
              c.               Options                            -                    -                   -                       -
              d.               Equity Collar                      -                    -                   -                10,183,442
                               Totals                   2,724,609,884        2,036,344,225         366,335,104          2,175,318,546

         2. Notional amounts of derivative financial instruments significantly exceed the credit risk associated with these
            instruments and represent contractual balances on which calculations of amounts to be exchanged are based. Credit
            exposure is limited to the sum of the aggregate fair value of positions that have become favorable to the Company,
            including accrued interest receivable due from counterparties, net of collateral received. Potential credit losses are
            minimized through careful evaluation of counterparty credit standing, selection of counterparties from a limited group of
            high quality institutions, collateral agreements and other contract provisions.

    B.   Nature and Terms

         1. Credit risk is managed by entering into transactions with creditworthy counterparties and obtaining collateral where
            appropriate and customary. 100% of the net credit exposure for the Company from derivative contracts is with
            investment-grade counterparties. The Company and its counterparties are required to provide collateral for any futures
            contracts that are opened. The form and amount of collateral that is required is determined by the exchange on which
            it is traded.

   C.    Exposure to Credit-Related Losses

         Not applicable.

   D.    Collateral Policy

         Not applicable.

   E.    Securities Lending

         Nationwide, through an agent, lends certain portfolio holdings to approved counterparties and in turn receives cash collateral with the
         objective of increasing the yield on its investments. The cash collateral is invested in high-quality, short-term and long-term
         investments based upon the Company’s approved investment policies. The Company’s policy requires the maintenance of collateral
         of a minimum of 102% of the fair value of the securities loaned. Net returns on the investments, after payment of a rebate to the
         borrower, are shared between the Company and its agent. Both the borrower and the Company can request or return the loaned
         securities at any time. The Company maintains ownership of the loaned securities at all times and is entitled to receive from the
         borrower any payments for interest or dividends received on such securities during the loan term. The collateral received by
         Nationwide and the corresponding payable to the counterparties are carried off-balance sheet. Nationwide is not exposed to any
         counterparty credit risk in this program, as its loaned securities are fully collateralized. However, Nationwide does assume risk in the
         reinvestment of the cash collateral received.

         As of December 31, 2009, the fair value of loaned securities was $167,238,190 to approved counterparties and received collateral fair
         value of $170,946,691. The STAT BACV of collateral received is $162,726,579.

         Additionally, Nationwide participates in a Cash Release Program. Nationwide can borrow a limited amount of cash from the program
         subject to the underwriting of the plan administrator. Nationwide pays 1 month LIBOR on the borrowings, a majority of which comes
         back to Nationwide as earnings on the securities lending program.




                                                                    14.20
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                 NOTES TO FINANCIAL STATEMENTS
Note 17 - Sale, Transfer and Servicing of Financial Assets and Extinguishments of Liabilities

    A.   Transfers of Receivables Reported as Sales

         Not applicable.

    B.   Transfers and Servicing of Financial Assets

              1.      There were no assets or liabilities obtained in transfers of financial assets where it was not practicable to
                      estimate their fair value.

              2.      The Company participates in a securities lending program that is administered by a third party. For additional
                      details regarding the program, policies regarding collateral in the program, and the amount of securities lent and
                      collateral received, refer to Note 16 E.

              3.      No servicing assets or liabilities were recognized during the period.

              4.      There were no assets securitized during the period.

              5.      There were no retained interests since there were no securitized financial assets.

              6.      There were no transfers of receivables with recourse.

    C.   Wash Sales

         None.

Note 18 - Gain or Loss to the Reporting Entity from Uninsured Plans and the Uninsured Portion of Partially Insured Plans

    A.   Administrative Services Only (ASO) Plans

         Not applicable.

    B.   Administrative Services Contract (ASC) Plans

         Not applicable.

    C.   Medicare or Other Similarly Structured Cost Based Reimbursement Contracts

         Not applicable.

Note 19 - Direct Premiums Written/Produced by Managing General Agents/Third Party Administrators

    Not applicable.

Note 20 - Other Items

    A.   Extraordinary Items

         Not applicable.

    B.   Troubled Debt Restructuring for Debtors

         Not applicable.

    C.   Other Disclosures

         The Company has segregated the following assets to fund an escrow for personal auto premium refunds. The deposits
         have been made in advance of the liability under aggregate write-ins. The escrow refund will include an interest
         component which is currently estimated at $237,790.

          Security Description                                    Maturity             Amount on Deposit
          Chase Issuance TR Flt Rt Ser 2007-A12 CI A12              8/15/2019    $            50,000,000
          Chase Issuance TR Flt Rt Ser 2007-A16 CI A16              6/16/2014                 20,000,000
          Chase Issuance Tr Ser 2005-A2 CI A2                      12/15/2014                 10,000,000
          Citibank Master Cr Card Tr I Ser 1999-2 CI A              3/10/2011                  2,000,000
                                                                                 $            82,000,000

         In August 2009, the North Carolina Coastal Property Insurance Pool (formerly known as the Beach Plan) governed by the
         North Carolina Insurance Underwriting Association was amended by North Carolina House Bill 1305 to state that member
                                                                                            s
         companies are no longer entitled to distributions of any portion of the Association' surplus (equity). As a result of the
         legislation change, the Company recognized a net expense of $63 million during 2009 related to the reduction of
                                                                                        s
         unearned premiums and reinsurance receivables that represented the Company' ownership interest in the Association.

    D.   Uncollectible Premiums Receivable

         Not applicable.

    E.   Business Interruption Insurance Recoveries

         Not applicable.




                                                                       14.21
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                  NOTES TO FINANCIAL STATEMENTS
    F.   State Transferable Tax Credits

          1.
          Description of State Transferable Tax Credits                      State            Carrying Value            Unused Amount


           Mayfair Mill LLC                                                   SC                       347,288                  349,136
           Nationwide Affordable Housing Fund IX                           GA, NC                    5,629,742                6,573,804
           South Carolina State Tax Credit Partners LLC                       SC                     3,922,110                3,579,732
           SunAmerica Affordable Housing Partners 138 LLC                     GA                       321,615                  382,380
           Cotton Mill Partners LLC                                           VA                      2,017,828                      -
           Bourne Mill Phase I                                                RI                        10,816                       -
          Total                                                                           $          12,249,399     $        10,885,052

           2. The Company estimated the utilization of the remaining Transferable State Tax Credits by projecting future premium
           taking into account policy growth and rate changes, projecting future tax liability based on projected premium, tax rates
           and tax credits and comparing projected future tax liability to the availability of remaining Transferable State Tax credits.

           3.     No impairments were recognized.

    G.   Subprime Mortgage Related Risk Exposure

         In general, recent market activity has negatively impacted the valuation of securities containing sub-prime collateral, which
         are classifications of investments in which the Company invests. The Company evaluates many characteristics when
         classifying collateral as sub-prime, including the credit quality of the borrower as defined by Fair Isaac Credit Organization
         (FICO) scores, as well as other factors, such as loan-to-value ratios and type of real estate.

                                                          s
         As of December 31, 2009, all of the Company' exposure to investments containing sub-prime collateral is isolated to the
         mortgage-backed and asset-backed securities. When making investments in mortgage-backed or asset-backed
         securities, the Company evaluates the quality of the underlying collateral, the structure of the transaction (which dictates
         how losses in the underlying collateral will be distributed) and prepayment risks.

         The following table identifies the general asset categories’ exposure to securities containing sub-prime collateral. This
         table also identifies the end of period unrealized gain/loss or other than temporary impairments.



                                                                     For the Period Ended December 31, 2009



                                                                  Book Adjusted                          Unrealized
                                                Actual Cost        Carry Value         Fair Value      Gains/ (Losses)      Impairments
Mortgage loans                                           -                   -                  -                 -                  -
Residential mortgage backed securities              94,233,622        73,733,034         66,250,797         (7,482,237)        2,217,961
Commercial mortgage backed securities                      -                  -                  -                  -                    -
Collateralized debt obligations                            -                  -                  -                  -                    -
Structured securities                                5,611,454         5,607,343          5,222,913            (384,430)                 -
Equity investments                                         -                  -                  -                  -                    -
Other invested assets                                      -                  -                  -                  -                    -
Total subprime exposure                             99,845,076        79,340,377         71,473,710         (7,866,667)        2,217,961

Underwriting exposure to subprime                          -                  -                  -                  -                    -
mortgage risk through Mortgage Guaranty
or Financial Guarantee

Note 21 - Events Subsequent

    There were no events occurring subsequent to the end of the current year through the date of this filing meriting disclosure.

Note 22 - Reinsurance

    A.   Unsecured Reinsurance Recoverables (000’s)

             NAIC Company          Federal ID Number               Name of Reinsurer                  Total Unsecured
                 Code

                00000             AA-9991159              Michigan Claims Catastrophic Fund                       490,188

                                                          Total                                                   490,188


    B.   Reinsurance Recoverable in Dispute

         The Company does not have reinsurance recoverables in dispute for paid losses and loss adjustment expenses that
         exceed 5% of policyholders’ surplus from an individual reinsurer or exceed 10% of policyholders’ surplus in aggregate.




                                                                     14.22
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                 NOTES TO FINANCIAL STATEMENTS
     C. Reinsurance Assumed and Ceded

         1.    The following table summarizes ceded and assumed unearned premiums and the related commission equity at
               December 31, 2009.

                    s)
                (000'                        Assumed                            Ceded                   Assumed Less Ceded
                                      Unearned     Commission          Unearned     Commission        Unearned    Commission
                                     Premiums        Equity            Premiums       Equity          Premiums       Equity
                  a. Affiliates        $4,731,624    $756,390           $1,209,331    $199,678        $3,522,293      $556,712
                  b. All Others            62,219      60,954               53,843        9,405            8,376        51,549
                  c. Totals            $4,793,843    $817,344           $1,263,174    $209,083        $3,530,669      $608,261
                  d. Direct Unearned Premium Reserve                    $1,227,122

         2.    Certain agency agreements and ceded reinsurance contracts provide for additional or return commissions based on
               the actual loss experience of the produced or reinsured business. Amounts accrued at December 31, 2009 are as
               follows:

                                        s)
                                   ($000'
                                 Description                    Direct           Assumed              Ceded               Net
                  a. Contingent Commissions                         $62,608          $247,669            $48,057          $262,220
                  b. Sliding Scale Adjustments                            0                 0                  0                 0
                  c. Other Profit Commissions                             0                 0                  0                 0
                  d. Totals                                         $62,608          $247,669            $48,057          $262,220

    D.   Uncollectible Reinsurance

         No reinsurance recoverables were written off during 2009.

    E.   Commutation of Ceded Reinsurance

         During 2009, the Company entered into a global commutation with Seaton Insurance Company (FKA Unigard Security Insurance
         Company fka Unigard Mutual Insurance Company). As part of the commutation, Seaton/Unigard’s share of a specific first layer
         worker’s compensation and liability excess retrocessional agreement was commuted. However, there were no amounts due or
         reserves associated with this treaty.

    F.   Retroactive Reinsurance

         There was no retroactive reinsurance affected during 2009.

    G.   Reinsurance Accounted for as a Deposit

         There were no reinsurance agreements that were accounted for as deposits during 2009.

Note 23 - Retrospectively Rated Contracts and Contracts Subject to Redetermination

    A.   Method Used to Estimate

         The Company sells accident and health policies for which the premiums vary based on loss experience. Future premium
         adjustments for these retrospective policies are estimated and accrued. The Company estimates these accrued
         retrospective premium adjustments through the review of each individual retrospectively rated risk, comparing case basis
         loss development with that anticipated in the policy contracts to arrive at the best estimates of return or additional
         premiums.

    B.   Method Used to Record

         The Company records retrospective premium accruals as earned by adjusting unearned premiums. These amounts are
         not recorded as premiums written until they are billed to the policyholders. Return premiums are recorded as liabilities
         and additional premiums are recorded as assets.

    C.   Amount and Percent of Net Retrospective Premiums

         Net premiums written for the current year on retrospective accident and health policies were $582,970 or 0.4% of accident
         and health premiums written.

    D.   Calculation of Nonadmitted Accrued Retrospective Premiums

         Not applicable.

Note 24 - Changes in Incurred Losses and Loss Adjustment Expenses

                                            Current          Current Loss                                         Impact of AO
                   (000's)               Calendar Year          Year             Total         Loss and DCC          on Total
                                          Losses and         Losses and         Shortage          Shortage          Shortage
              Line of Business            LAE Incurred       LAE Incurred     (Redundancy)     (Redundancy)       (Redundancy)
     Homeowners / Farmowners                 $1,765,932         $1,784,848         ($18,916)           ($1,406)         ($17,510)
     Commercial Multiple Peril                    878,537         880,638            (2,101)           (14,503)           12,402
     Workers'Compensation                         146,008         148,985            (2,977)            (1,710)            (1,267)
     Other Liability                              572,245         601,846           (29,601)           (36,838)             7,237
     Product Liability                             25,382            47,986         (22,604)           (10,326)           (12,278)
     Auto                                        5,050,055       5,014,391           35,664            (30,219)           65,883
     All Others                                   387,995         403,466           (15,471)           (18,806)             3,335
     Totals                                  $8,826,154         $8,882,160         ($56,006)         ($113,808)          $57,802




                                                                     14.23
     ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                              NOTES TO FINANCIAL STATEMENTS
    The estimated cost of loss and loss adjustment expenses attributable to insured events of prior years decreased by a modest
    $56.0 million (0.7% of prior year reserves) during 2009, as shown in the chart above.              The redundancy was primarily
    associated with the other liability, product liability, homeowners/farmowners and all other lines of business.


Note 25 - Intercompany Pooling Arrangements

    The following companies are covered under a 100% quota share reinsurance agreement with the Company: Nationwide
    Property and Casualty Insurance Company (NPCIC), Nationwide General Insurance Company (NGIC), Nationwide Assurance
    Company (NAC), Nationwide Agribusiness Insurance Company (NAIC), Nationwide Lloyds (Lloyds), AMCO Insurance
    Company (AMCO), National Casualty Company (NCC), and Nationwide Insurance Company of America (NICOA) for certain
    products.

    Effective July 1, 2009, Crestbrook Insurance Company, an affiliated company, is covered under a 90% quota share
    reinsurance agreement with the Company. Effective July 1, 2005, Nationwide Affinity Insurance Company, an affiliated
    company, is covered for certain products under a 90% quota share reinsurance agreement with the Company.

    Scottsdale Indemnity Company (SIC), Scottsdale Surplus Lines (SSL), and Western Heritage Insurance Company (WH) are
    covered under a 100% quota share reinsurance agreement with Scottsdale Insurance Company (SI). Direct business is written
    on NCC for Veterinary Pet Insurance Company (VPI). This business is 100% quota shared to the Company who cedes 100%
    back to SIC who then cedes 80% back to VPI.

    Allied Property and Casualty Insurance Company (APCIC), Depositors Insurance Company (DIC), NICOA (for products not
    covered by the Company) and Affinity (for products not covered by the Company) are covered under a 100% quota share
    reinsurance agreement with AMCO.

    Titan Insurance Company (TIN) is covered under a 100% quota share reinsurance agreement with Titan Indemnity Company
    (TIC). TIC is covered under a 100% quota share reinsurance agreement with Victoria Fire and Casualty Company (VFCC).

    Victoria Automobile Insurance Company (VAIC), Victoria National Insurance Company (VNIC), Victoria Specialty Insurance
    Company (VSPC), and Victoria Select Insurance Company (VSEL) are covered under a pooling reinsurance agreement with
    VFCC. VFCC retains 100% of the pool. VFCC cedes 90% of its results after the pool to the Company under a quota share
    reinsurance agreement.

    The Company is the head company in the Nationwide Pool. The companies receiving business from the Nationwide Pool are:

                                                                              NAIC #                        POOL
           Nationwide Mutual Insurance Company                                23787                          83.7%
           Nationwide Mutual Fire Insurance Company                           23779                          11.3%
           Scottsdale Insurance Company                                       41297                           4.0%
           Farmland Mutual Insurance Company                                  13838                           1.0%
                                                                                                            100.0%


    Amounts due to/from the lead entity and pool participants as of December 31, 2009:

      Name of Insurer                                                       Amounts Receivable             Amounts Payable
      Nationwide Mutual Insurance Company (Lead Insurer)                       $           11,820,588          $       3,326,744
      Nationwide Mutual Fire Insurance Company                                              8,910,843                           -
      Scottsdale Insurance Company                                                              1,101                  5,901,333
      Farmland Mutual Insurance Company                                                              -                11,504,455

Note 26 - Structured Settlements

    A.   Reserves Released due to Purchases of Annuities

         The Company has settled certain losses with structured settlement agreements whereby the Company has purchased an
         annuity with the claimant as the payee. Certain of these annuities are without qualified assignments. The Company is
         contingently liable under the settlement agreements without qualified assignments if the annuity-issuing company is
                                                                 s
         unable to meet the payment obligations to the Company' claimant under the settlement agreement. The amortized value
         of the annuities under such agreements for direct losses as of December 31, 2009 and 2008 is $163.3 million and $166.8
         million, respectively.

    B.   Annuity Insurers with Balances due Greater than 1% of Policyholders’ Surplus

         There were no annuity insurers with balances due greater than 1% of policyholders’ surplus in 2009.

Note 27 - Health Care Receivables

    A.   Pharmaceutical Rebate Receivables

         Not applicable.

    B.   Risk Sharing Receivables

         Not applicable.

Note 28 - Participating Policies

    Not applicable.

Note 29 - Premium Deficiency Reserves

    As of December 31, 2009, the Company had no liabilities related to premium deficiency reserves. The Company does
    consider anticipated investment income when calculating its premium deficiency reserves.

Note 30 - High Deductibles

    Not applicable.




                                                                   14.24
       ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                    NOTES TO FINANCIAL STATEMENTS
Note 31 - Discounting of Liabilities for Unpaid Losses or Unpaid Loss Adjustment Expenses

       The Company discounts the liabilities for unpaid losses for long-term accident and health disability. The Company does not
       discount unpaid losses for loss adjustment expenses. Different companies service our long-term accident and health unpaid
       disability claims and supply the reserves and tabular discount; thus, different methodologies have been utilized. The Company
       does not have any non-tabular discount.

       A.     Tabular Discounts

              1.    1987 Commissioner’s Group Disability Table and 1958 CIDA Tables

              2.    For the 1987 CGDT, rate used was the maximum interest rate permitted by law in the valuation of a single premium
                    immediate annuities issued on the same date as the claim incurral date, reduced by one hundred basis points (rates
                    used vary from 2.50% to 10.25%). For the 1958 CIDA Tables, rates used were 3% and 5½%.

              3.    The December 31, 2009 liabilities include $1,144,529 of such discounted reserves.

              4.    The amount of tabular interest discount for Other (including Credit, Accident and Health) is $665,917.

       B.     Non-Tabular Discounts

              The Company does not have any non-tabular discount.

       C.     Changes in Discount Assumptions

              None.

 Note 32 - Asbestos and Environmental
 Reserves

 A.     The Company has exposure to asbestos and environmental claims through either the direct issuance of general liability
        policies or through reinsurance assumptions. The Company estimates the full impact of its asbestos and environmental
        exposure by establishing case reserves when sufficient information has been developed to indicate the involvement of a
        specific insurance policy. In addition, incurred but not reported reserves have been established to cover additional exposures
        on both known and unasserted claims, primarily utilizing historical information.

                                                                                            s
        This schedule includes all loss segments that now reside in the Company. The Company' asbestos and environmental related
        losses for each of the five most recent calendar years were as follows:

            (1) Asbestos Claims - Direct                                2005           2006           2007            2008          2009

                   Beginning Reserves:                                54,517,403      65,183,061    48,270,972     42,735,758     40,044,146
                   Incurred Loss and Loss Adj. Expense:               16,387,708    (11,385,898)      (821,049)       860,218      2,201,771
                   Calendar Year Payments:                             5,722,050       5,526,191     4,714,165      3,551,830      5,269,025
                   Ending Reserve:                                    65,183,061      48,270,972    42,735,758     40,044,146     36,976,892

            (2) Asbestos Claims - Assumed                               2005           2006           2007            2008          2009

                   Beginning Reserves:                               105,056,000    103,473,000 101,090,000       117,932,940    123,588,264
                   Incurred Loss and Loss Adj. Expense:                5,827,000      6,267,000 23,193,070         13,316,621     21,085,429
                   Calendar Year Payments:                             7,410,000      8,650,000   6,350,130         7,661,297     10,437,049
                   Ending Reserve:                                   103,473,000    101,090,000 117,932,940       123,588,264    134,236,644

        (3)        Asbestos Claims - Net                                2005           2006           2007            2008          2009

                   Beginning Reserves:                                 7,573,970       8,895,315     8,288,706       7,262,816     7,269,076
                   Incurred Loss and Loss Adj. Expense:                1,496,252       (107,637)      (331,257)        311,926       205,539
                   Calendar Year Payments:                               174,907         498,973       694,632         305,666       222,916
                   Ending Reserve:                                     8,895,315       8,288,706     7,262,816       7,269,076     7,251,699

  B.            Bulk and IBNR Losses and LAE                                                                                       2009
            (1) Direct                                                                                                            32,106,670
            (2) Assumed                                                                                                          103,142,931
            (3) Net of Ceded Reisurance                                                                                            5,859,335

  C.            Case, Bulk and IBNR LAE                                                                                             2009
            (1) Direct                                                                                                             21,126,775
            (2) Assumed                                                                                                                     0
            (3) Net of Ceded Reisurance                                                                                             2,992,275

  D.               See A above

        (1)        Environmental Claims - Direct                        2005           2006           2007            2008          2009

                   Beginning Reserves:                                30,933,934      26,458,228    29,827,922     26,907,809     25,400,193
                   Incurred Loss & Loss Adj. Expense:                  1,677,958       5,035,030     2,548,303        775,091        599,410
                   Calendar Year Payments:                             6,153,663       1,665,335     5,468,417      2,282,707      1,842,720
                   Ending Reserve:                                    26,458,228      29,827,922    26,907,809     25,400,193     24,156,883

        (2)        Environmental Claims - Assumed                       2005           2006           2007            2008          2009

                   Beginning Reserves:                                94,300,000      89,249,000    72,910,000  88,003,157       100,396,689
                   Incurred Loss & Loss Adj. Expense:                  1,579,000    (13,119,000)    13,003,404  13,723,305       (32,026,862)
                   Calendar Year Payments:                             6,630,000       3,220,000    (2,089,753)  1,329,773           950,304
                   Ending Reserve:                                    89,249,000      72,910,000    88,003,157 100,396,689        67,419,523




                                                                          14.25
       ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                   NOTES TO FINANCIAL STATEMENTS
         (3)   Environmental Claims - Net              2005         2006          2007         2008         2009

               Beginning Reserves:                    21,955,570   19,858,425   24,082,828   21,539,030   20,426,658
               Incurred Loss and Loss Adj. Expense:    2,021,247    6,563,528    2,547,954      768,152    2,221,151
               Calendar Year Payments:                 4,118,392    2,339,125    5,091,752    1,880,524    1,600,874
               Ending Reserve:                        19,858,425   24,082,828   21,539,030   20,426,658   21,046,935

  E.          Bulk and IBNR Losses and LAE                                                                 2009
          (1) Direct                                                                                      17,891,949
          (2) Assumed                                                                                     55,063,529
          (3) Net of Ceded Reisurance                                                                     15,484,500

  F.          Case, Bulk and IBNR LAE                                                                      2009
          (1) Direct                                                                                       8,696,430
          (2) Assumed                                                                                              0
          (3) Net of Ceded Reisurance                                                                      7,022,430



Note 33 - Subscriber Savings Accounts

       Not applicable.

Note 34 - Multiple Peril Crop Insurance

       Not applicable.

Note 35 – Financial Guaranty Insurance

       A. and B. Not applicable.




                                                         14.26
          ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                                     GENERAL INTERROGATORIES
                                                           PART 1 - COMMON INTERROGATORIES
                                                                       GENERAL
1.1   Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated persons, one or more of which
        is an insurer?

1.2   If yes, did the reporting entity register and file with its domiciliary State Insurance Commissioner, Director or Superintendent, or with
        such regulatory official of the state of domicile of the principal insurer in the Holding Company System, a registration statement
        providing disclosure substantially similar to the standards adopted by the National Association of Insurance Commissioners (NAIC) in
        its Model Insurance Holding Company System Regulatory Act and model regulations pertaining thereto, or is the reporting entity
        subject to standards and disclosure requirements substantially similar to those required by such Act and regulations?

1.3   State Regulating?

2.1   Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of settlement of the
       reporting entity?

2.2   If yes, date of change:

3.1   State as of what date the latest financial examination of the reporting entity was made or is being made.

3.2   State the as of date that the latest financial examination report became available from either the state of domicile or the reporting
       entity. This date should be the date of the examined balance sheet and not the date the report was completed or released.

3.3   State as of what date the latest financial examination report became available to other states or the public from either the state of
       domicile or the reporting entity. This is the release date or completion date of the examination report and not the date of the
       examination (balance sheet date).

3.4   By what department or departments?
      OH

3.5   Have all financial statement adjustments within the latest financial examination report been accounted for in a subsequent financial
       statement filed with Departments?

3.6   Have all of the recommendations within the latest financial examination report been complied with?

4.1   During the period covered by this statement, did any agent, broker, sales representative, non-affiliated sales/service organization or any
       combination thereof under common control (other than salaried employees of the reporting entity), receive credit or commissions for or
       control a substantial part (more than 20 percent of any major line of business measured on direct premiums) of:
                                                                     4.11 sales of new business?
                                                                     4.12 renewals?
4.2   During the period covered by this statement, did any sales/service organization owned in whole or in part by the reporting entity or an affiliate,
       receive credit or commissions for or control a substantial part (more than 20 percent of any major line of business measured on direct
       premiums) of:
                                                                     4.21 sales of new business?
                                                                     4.22 renewals?

5.1   Has the reporting entity been a party to a merger or consolidation during the period covered by this statement?

5.2   If yes, provide name of entity, NAIC Company Code, and state of domicile (use two letter state abbreviation) for any entity that has ceased to
       exist as a result of the merger or consolidation.

                                                 1                                                         2                           3
                                            Name of Entity                                         NAIC Company Code           State of Domicile


6.1   Has the reporting entity had any Certificates of Authority, licenses or registrations (including corporate registration, if applicable) suspended or
       revoked by any governmental entity during the reporting period?

6.2   If yes, give full information:


7.1   Does any foreign (non-United States) person or entity directly or indirectly control 10% or more of the reporting entity?

7.2   If yes,
      7.21 State the percentage of foreign control;
      7.22 State the nationality(s) of the foreign person(s) or entity(s) or if the entity is a mutual or reciprocal, the nationality of its manager or
              attorney-in-fact; and identify the type of entity(s) (e.g., individual, corporation or government, manager or attorney in fact).

                                           1                                                                          2
                                       Nationality                                                              Type of Entity




                                                                                            15
            ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                                       GENERAL INTERROGATORIES
 8.1    Is the company a subsidiary of a bank holding company regulated by the Federal Reserve Board?
 8.2    If response to 8.1 is yes, please identify the name of the bank holding company.

 8.3    Is the company affiliated with one or more banks, thrifts or securities firms?
 8.4    If response to 8.3 is yes, please provide the names and locations (city and state of the main office) of any affiliates regulated by a federal
          financial regulatory services agency [i.e. the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC), the Office of
          Thrift Supervision (OTS), the Federal Deposit Insurance Corporation (FDIC) and the Securities Exchange Commission (SEC) and identify
                       s
          the affiliate' primary federal regulator.

                                              1                                                           2                               3        4          5          6      7
                                      Affiliate Name                                            Location (City, State)                   FRB      OCC        OTS        FDIC   SEC



                    !   "                                                             ## $       %&
                    !   '      (                                                      ## $       %&
                    ) $


 9.    What is the name and address of the independent certified public accountant or accounting firm retained to conduct the annual audit?
       KPMG LLP, 191 W. Nationwide Blvd., Suite 500, Columbus, OH 43215
 10.   What is the name, address and affiliation (officer/employee of the reporting entity or actuary/consultant associated with an actuarial consulting
        firm) of the individual providing the statement of actuarial opinion/certification?
       Kevin C. McAllister, FCAS, MAAA, KPMG LLP, 100 Matsonford Road, Radnor, PA 19087, Consultant
11.1   Does the reporting entity own any securities of a real estate holding company or otherwise hold real estate indirectly?
                                                           11.11 Name of real estate holding company                  *     +
                                                            11.12 Number of parcels involved                                                                           ,-
                                                            11.13 Total book/adjusted carrying value                                                               $           ./0 1-, 231
11.2   If, yes provide explanation:

 12.   FOR UNITED STATES BRANCHES OF ALIEN REPORTING ENTITIES ONLY:
12.1   What changes have been made during the year in the United States manager or the United States trustees of the reporting entity?

12.2  Does this statement contain all business transacted for the reporting entity through its United States Branch on risks wherever located?
12.3  Have there been any changes made to any of the trust indentures during the year?
12.4  If answer to (12.3) is yes, has the domiciliary or entry state approved the changes?                                                                                        4&
13.1  Are the senior officers (principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing
        similar functions) of the reporting entity subject to a code of ethics, which includes the following standards?
      (a) Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional
           relationships;
      (b) Full, fair, accurate, timely and understandable disclosure in the periodic reports required to be filed by the reporting entity;
      (c) Compliance with applicable governmental laws, rules and regulations;
      (d) The prompt internal reporting of violations to an appropriate person or persons identified in the code; and
      (e) Accountability for adherence to the code.
13.11 If the response to 13.1 is No, please explain:

13.2 Has the code of ethics for senior managers been amended?
13.21 If the response to 13.2 is Yes, provide information related to amendment(s).
      The code of ethics was amended in August 2009 but there were no substantive changes affecting the above representations.
13.3 Have any provisions of the code of ethics been waived for any of the specified officers?
13.31 If the response to 13.3 is Yes, provide the nature of any waiver(s).



                                                                         BOARD OF DIRECTORS
 14.   Is the purchase or sale of all investments of the reporting entity passed upon either by the board of directors or a subordinate committee
         thereof?
 15.   Does the reporting entity keep a complete permanent record of the proceedings of its board of directors and all subordinate committees
         thereof?
 16.   Has the reporting entity an established procedure for disclosure to its board of directors or trustees of any material interest or affiliation on the
         part of any of its officers, directors, trustees or responsible employees that is in conflict with the official duties of such person?




                                                                                          15.1
           ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                                   GENERAL INTERROGATORIES

                                                                                   FINANCIAL
17.    Has this statement been prepared using a basis of accounting other than Statutory Accounting Principles (e.g., Generally Accepted
        Accounting Principles)?
18.1   Total amount loaned during the year (inclusive of Separate Accounts, exclusive of policy loans): 18.11 To directors or other officers                    $
                                                                                                               18.12 To stockholders not officers               $
                                                                                                               18.13 Trustees, supreme or grand
                                                                                                                     (Fraternal Only)                           $
18.2   Total amount of loans outstanding at the end of year (inclusive of Separate Accounts, exclusive of
         policy loans):                                                                                     18.21 To directors or other officers                $
                                                                                                            18.22 To stockholders not officers                  $
                                                                                                            18.23 Trustees, supreme or grand
                                                                                                                   (Fraternal Only)                             $
19.1   Were any assets reported in this statement subject to a contractual obligation to transfer to another party without the liability for such
         obligation being reported in the statement?
19.2   If yes, state the amount thereof at December 31 of the current year:                                 19.21 Rented from others                            $
                                                                                                      19.22 Borrowed from others                 $
                                                                                                      19.23 Leased from others                   $
                                                                                                      19.24 Other                                $
20.1   Does this statement include payments for assessments as described in the Annual Statement Instructions other than guaranty fund or
         guaranty association assessments?
20.2   If answer is yes,                                                                          20.21 Amount paid as losses or risk adjustment $
                                                                                                        20.22 Amount paid as expenses                           $
                                                                                                        20.23 Other amounts paid                                $
21.1   Does the reporting entity report any amounts due from parent, subsidiaries or affiliates on Page 2 of this statement?
21.2   If yes, indicate any amounts receivable from parent included in the Page 2 amount:                                                                       $


                                                                                 INVESTMENT
22.1   Were all the stocks, bonds and other securities owned December 31 of current year, over which the reporting entity has exclusive control, in
        the actual possession of the reporting entity on said date? (other than securities lending programs addressed in 22.3)

22.2   If no, give full and complete information relating thereto:
       Securities are held by banks in safekeeping for the Company. Securities are held by counterparties for derivative collateral.

22.3   For security lending programs, provide a description of the program including value for collateral and amount of loaned securities, and
        whether collateral is carried on or off-balance sheet. (an alternative is to reference Note 16 where this information is also provided)
       The Company utilizes a third party to administer its Securities Lending program. Securities are loaned to approved counterparties, who in turn
        post cash collateral to the Company. The amount of cash collateral received is calculated as a percentage of the market value of the
                                                                                                s
        security being lent. The cash is subsequently reinvested based upon the Company' approved Investment Policy. The collateral received by
        the Company and the corresponding payable to the counterparties are carried off-balance sheet. Additionally, the Company participates in a
        Cash Release Program. The Company can borrow a limited amount of cash from the program subject to the underwriting of the plan
        administrator. The Company pays 1 month LIBOR on the borrowings, a majority of which comes back to the Company as earnings on the
        securities lending program. As of December 31, 2009, the Company had loaned $167,238,190 to approved counterparties and received
        collateral fair value of $170,946,691. the statutory BACV of collateral received is $162,726,579.

22.4                   s
       Does the Company' security lending program meet the requirements for a conforming program as outlined in the Risk-Based Capital
        Instructions?

22.5   If answer to 22.4 is YES, report amount of collateral.                                                                                                   $

22.6   If answer to 22.4 is NO, report amount of collateral.                                                                                                    $

23.1   Were any of the stocks, bonds or other assets of the reporting entity owned at December 31 of the current year not exclusively under the
        control of the reporting entity, or has the reporting entity sold or transferred any assets subject to a put option contract that is currently in
        force? (Exclude securities subject to Interrogatory 19.1 and 22.3).

23.2   If yes, state the amount thereof at December 31 of the current year:                      23.21 Subject to repurchase agreements                         $
                                                                                                 23.22 Subject to reverse repurchase agreements                 $
                                                                                                 23.23 Subject to dollar repurchase agreements                  $
                                                                                                 23.24 Subject to reverse dollar repurchase agreements          $
                                                                                                 23.25 Pledged as collateral                                    $
                                                                                                 23.26 Placed under option agreements                           $
                                                                                                 23.27 Letter stock or other securities restricted as to sale   $
                                                                                                 23.28 On deposit with state or other regulatory body           $
                                                                                                 23.29 Other                                                    $


23.3   For category (23.27) provide the following:

                                           1                                                                          2                                               3
                                 Nature of Restriction                                                            Description                                       Amount



24.1   Does the reporting entity have any hedging transactions reported on Schedule DB?

24.2   If yes, has a comprehensive description of the hedging program been made available to the domiciliary state?
       If no, attach a description with this statement.

25.1   Were any preferred stocks or bonds owned as of December 31 of the current year mandatorily convertible into equity, or, at the option of the
        issuer, convertible into equity?

25.2   If yes, state the amount thereof at December 31 of the current year.                                                                                     $




                                                                                          15.2
             ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                                            GENERAL INTERROGATORIES

 26.                                                                                                                                                 s
       Excluding items in Schedule E - Part 3 - Special Deposits, real estate, mortgage loans and investments held physically in the reporting entity'
        offices, vaults or safety deposit boxes, were all stocks, bonds and other securities, owned throughout the current year held pursuant to a
        custodial agreement with a qualified bank or trust company in accordance with Section 3, III Conducting Examinations, F - Custodial or
        Safekeeping Agreements of the NAIC Financial Condition Examiners Handbook?

26.01 For agreements that comply with the requirements of the NAIC Financial Condition Examiners Handbook, complete the following:


                                        1                                                                                           2
                               Name of Custodian(s)                                                                                  s
                                                                                                                           Custodian' Address




26.02 For all agreements that do not comply with the requirements of the NAIC Financial Condition Examiners Handbook, provide the name, location
       and a complete explanation:

                                       1                                                      2                                                           3
                                     Name(s)                                              Location(s)                                           Complete Explanation(s)



26.03 Have there been any changes, including name changes, in the custodian(s) identified in 26.01 during the current year?
26.04 If yes, give full and complete information relating thereto:

                                1                                                2                                           3                               4
                          Old Custodian                                     New Custodian                             Date of Change                       Reason



26.05 Identify all investment advisors, brokers/dealers or individuals acting on behalf of brokers/dealers that have access to the investment accounts,
       handle securities and have authority to make investments on behalf of the reporting entity:

                   1                                                 2                                                                          3
          Central Registration
         Depository Number(s)                                       Name                                                                   Address
                                            !               "#             $ "%     $ !&
                                       '" (#                 ) "*     $    " $"        ' +
                                       ,  -" .                                                      )         "       "$    #$. ' - !-    ) " /0 12



27.1   Does the reporting entity have any diversified mutual funds reported in Schedule D, Part 2 (diversified according to the Securities and
         Exchange Commission (SEC) in the Investment Company Act of 1940 [Section 5(b)(1)])?
27.2   If yes, complete the following schedule:


                    1                                                                           2                                                                          3
                                                                                                                                                                    Book/Adjusted
                 CUSIP #                                                             Name of Mutual Fund                                                            Carrying Value
         0   3 2 02                     "       "$   4   '+                                                                                                                   03 015
         0   3 2 123                    "       "$   4   '+                                                                                                                      /3
         0   3 2 320                    "       "$   (  6 - 7$ '                                                                                                               / 5/
         0   3 2 525                    "       "$   (  6 - 7$ '                                                                                                                 //
         0   362 321                    "       "$   6 - 7$ '                                                                                                                 / 0
         0   362 20                     "       "$   6 - 7$ '                                                                                                                    11
         0   362 52                     "       "$   6 - 7$ '                                                                                                                    10
         0     2 12/                    "       "$   6 (        ( 8,                                                                                                           505
         0     2 521                    "       "$   6 (        ( 8,                                                                                                             305
         0     20 2                     "       "$   6 (        ( 8,                                                                                                             33
         0     2 2                      "       "$   6 (    ,          $    7$                                                                                                   30
         0     2/32                     "       "$   6 (         $ "$ 9     $                                                                                                  0 1/
         0     21121                    "       "$   6 (      9 % 8         7$                                                                                                 /05
         0     21 20                    "       "$   6 (      9 % 8         7$                                                                                             / 5 /5
         0     21 25                    "       "$   6 (       - "'+6       - 7$                                                                                               0 011
         0     21523                    "       "$   6 (       - "'+6       - 7$                                                                                           0 553
         0     2 025                    "       "$   6 (      8 ! 7": $     (*'                                                                                              3 3 /35
        27.2999 - Total                                                                                                                                                   0      3

27.3   For each mutual fund listed in the table above, complete the following schedule:


                                                 1                                                                2                                        3                   4
                                                                                                                                                  Amount of Mutual
                                                                                                                                                      s
                                                                                                                                                Fund' Book/Adjusted
                                                                                                                                                   Carrying Value
                                                                                             Name of Significant Holding of the                   Attributable to the      Date of
                        Name of Mutual Fund (from above table)                                        Mutual Fund                                       Holding           Valuation
             "   "$ 4          '+                                                  ;-    8       *" *     (*                                                        31     0       5
                                                                                    -++           $ '    +                                                          0      0       5
                                                                                   0' ' +                                                                           0      0       5
                                                                                   <= $ 7" *" '          +                                                          0      0       5
             "   "$ (       6 - 7$ '                                                  - $ 8-      &                                                                 0      0       5
                                                                                    > >9'                                                                          5       0       5
                                                                                   , & ?- *                                                                         35     0       5
                                                                                   6$       8 -+ >9'                                                                       0       5
                                                                                      *        $                                                                   3       0       5
             "   "$ 6 - 7$ '                                                       8 : " @"                                                                         5      0       5
                                                                                    +* ' +                                                                    /     31     0       5
                                                                                   ?#        %& ' +                                                           03   31      0       5
                                                                                      $     >      - '    +                                                   03   31      0       5
                                                                                   )**"$      >     -    ' +                                                  03   31      0       5
             "   "$ 6      (            (       8,                                   $    "* ( *                                                              0     1      0       5
                                                                                   7' , )       -         (                                                        /35     0       5
                                                                                   <    + " 7- $" % '                                                              /1      0       5
                                                                                   7;9                                                                             05      0       5
                                                                                          ' +"    * +                                                               31     0       5
             "   "$ 6      (     ,                   $ 7$                          8 +" 7- $" % 9 ?      99'                                                        /      0       5




                                                                                             15.3
    ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                          1                                                 2                               3               4
                                                                                                   Amount of Mutual
                                                                                                       s
                                                                                                 Fund' Book/Adjusted
                                                                                                    Carrying Value
                                                            Name of Significant Holding of the     Attributable to the    Date of
        Name of Mutual Fund (from above table)                       Mutual Fund                         Holding         Valuation




                                                       !     "
#       $      % &            '                  (
                                                   )          '                                                     *
                                                 ) '                                                               ++
                                                 #
                                                 %                                                                 *
#       $      % '             ,-                )                                                                 *
                                                  ,.                                                           / 0+
                                                  %1%                                                           *0 *
                                                 233 4 5                                                         0
                                                 64       ,   1                                                  0
#       $      % 47           $ 7 -               89      :                                                    +0
                                                 $    3 , " 7                                                    0
                                                 # 8     23                                                     /0 *+
                                                 # ;       ""7 ! )                                              /0 *+
                                                                                                                +0
#       $      %      5   -3                                                                                    +0
                                                 233   45                                                      +*0 +*
                                                 4      8                                                      //0 /
                                                                                                               + 0++
                                                        1 "5                                                     0*
                                                 6,     16,                                                      0*




                                                           15.3.1
           ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                                  GENERAL INTERROGATORIES


28.    Provide the following information for all short-term and long-term bonds and all preferred stocks. Do not substitute amortized value or
        statement value for fair value.

                                                                                             1                        2                       3
                                                                                                                                    Excess of Statement
                                                                                                                                    over Fair Value (-), or
                                                                                   Statement (Admitted)                                Fair Value over
                                                                                          Value                  Fair Value             Statement (+)
       28.1 Bonds
       28.2 Preferred stocks
       28.3 Totals


28.4   Describe the sources or methods utilized in determining the fair values:
       For fixed maturity and marketable equity securities for which market quotations generally are available, the Company generally uses
        independent pricing services to assist in determining the fair value measurement. For certain fixed maturity securities not priced by
        independent services (generally private placement securities without quoted market prices), an internally developed pricing model or
        “corporate pricing matrix” is most often used. The corporate pricing matrix is developed by obtaining private spreads versus the U.S.
        Treasury yield for corporate securities with varying weighted average lives and bond ratings. The weighted average life and bond rating of a
        particular fixed maturity security to be priced using the corporate matrix are important inputs into the model and are used to determine a
        corresponding spread that is added to the U.S. Treasury yield to create an estimated market yield for that bond. The estimated market yield
        and other relevant factors are then used to estimate the fair value of the particular fixed maturity security. The Company also utilized broker
        quotes to assist in pricing securities or to validate modeled prices.

29.1   Was the rate used to calculate fair value determined by a broker or custodian for any of the securities in Schedule D?

29.2   If yes, does the reporting entity have a copy of the broker’s or custodian’s pricing policy (hard copy or electronic copy) for all brokers or
         custodians used as a pricing source?

29.3   If no, describe the reporting entity’s process for determining a reliable pricing source for purposes of disclosure of fair value for Schedule D:
       The Company’s internal Investment Policy around pricing and valuation is to remain consistent and utilize pricing services whenever possible.
         It is not the Company’s common practice to manipulate or change broker marks or pricing valuations received. Depending on the asset class
         and market conditions, the Company may use a secondary pricing service it believes better represents a fair value in the market place. In
         this scenario, the Company would typically price the entire asset class with the same vendor for consistency and integrity in its valuation
         process. Broker marks are utilized only when the Company cannot find a valuation service to price its securities. It is difficult to obtain
         transparency into the marks so they are only utilized in exception cases.

30.1   Have all the filing requirements of the Purposes and Procedures Manual of the NAIC Securities Valuation Office been followed?
30.2   If no, list exceptions:



                                                                                     OTHER


31.1   Amount of payments to trade associations, service organizations and statistical or rating bureaus, if any?                                             $

31.2   List the name of the organization and the amount paid if any such payment represented 25% or more of the total payments to trade associations,
        service organizations and statistical or rating bureaus during the period covered by this statement.

                                                               1                                                                   2
                                                             Name                                                              Amount Paid



32.1   Amount of payments for legal expenses, if any?                                                                                                         $

32.2   List the name of the firm and the amount paid if any such payment represented 25% or more of the total payments for legal expenses
        during the period covered by this statement.

                                                               1                                                                   2
                                                             Name                                                              Amount Paid


33.1   Amount of payments for expenditures in connection with matters before legislative bodies, officers or departments of government, if any?               $

33.2   List the name of the firm and the amount paid if any such payment represented 25% or more of the total payment expenditures in
        connection with matters before legislative bodies, officers or departments of government during the period covered by this statement.

                                                               1                                                                   2
                                                             Name                                                              Amount Paid




                                                                                         15.4
            ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                                 GENERAL INTERROGATORIES
                                                   PART 2 - PROPERTY AND CASUALTY INTERROGATORIES

1.1   Does the reporting entity have any direct Medicare Supplement Insurance in force?

1.2   If yes, indicate premium earned on U. S. business only                                                                                           $

1.3   What portion of Item (1.2) is not reported on the Medicare Supplement Insurance Experience Exhibit?                                              $
      1.31 Reason for excluding



1.4   Indicate amount of earned premium attributable to Canadian and/or Other Alien not included in Item (1.2) above.                                  $

1.5   Indicate total incurred claims on all Medicare Supplement Insurance.                                                                             $

1.6   Individual policies:                                                                               Most current three years:
                                                                                                         1.61 Total premium earned                     $
                                                                                                         1.62 Total incurred claims                    $
                                                                                                         1.63 Number of covered lives

                                                                                                         All years prior to most current three years
                                                                                                         1.64 Total premium earned                     $
                                                                                                         1.65 Total incurred claims                    $
                                                                                                         1.66 Number of covered lives

1.7   Group policies:                                                                                    Most current three years:
                                                                                                         1.71 Total premium earned                     $
                                                                                                         1.72 Total incurred claims                    $
                                                                                                         1.73 Number of covered lives

                                                                                                         All years prior to most current three years
                                                                                                         1.74 Total premium earned                     $
                                                                                                         1.75 Total incurred claims                    $
                                                                                                         1.76 Number of covered lives

2.    Health Test:
                                                                                                        1                         2
                                                                                                   Current Year              Prior Year
      2.1    Premium Numerator
      2.2    Premium Denominator
      2.3    Premium Ratio (2.1/2.2)
      2.4    Reserve Numerator
      2.5    Reserve Denominator
      2.6    Reserve Ratio (2.4/2.5)

3.1   Does the reporting entity issue both participating and non-participating policies?

3.2   If yes, state the amount of calendar year net premiums written on:
                                                                                                         3.21 Participating policies                   $
                                                                                                         3.22 Non-participating policies               $

 4.   For mutual reporting Entities and Reciprocal Exchanges Only:
4.1   Does the reporting entity issue assessable policies?
4.2   Does the reporting entity issue non-assessable policies?
4.3   If assessable policies are issued, what is the extent of the contingent liability of the policyholders?                                          %
4.4   Total amount of assessments paid or ordered to be paid during the year on deposit notes or contingent premiums.                                  $

 5.   For Reciprocal Exchanges Only:
5.1   Does the Exchange appoint local agents?
5.2   If yes, is the commission paid:
                                                                              s-in-fact compensation
                                                          5.21 Out of attorney'
                                                          5.22 As a direct expense of the exchange
5.3   What expenses of the Exchange are not paid out of the compensation of the Attorney-in-fact?

5.4   Has any Attorney-in-fact compensation, contingent on fulfillment of certain conditions, been deferred?

5.5   If yes, give full information




                                                                                           16
          ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                                  GENERAL INTERROGATORIES
                                                    PART 2 - PROPERTY AND CASUALTY INTERROGATORIES

6.1   What provision has this reporting entity made to protect itself from an excessive loss in the event of a catastrophe under a workers’
       compensation contract issued without limit of loss?
                    s
      The Company' net exposure arises from its participation in the Nationwide Mutual Insurance Company Pool. Exposure of the Pooled
       Companies to a Workers'   Compensation catastrophe is protected by a Liability Excess of Loss (Clash) treaty providing $90M limit excess of
       $10M per occurrence retention and containing $10M per claimant limit.

6.2   Describe the method used to estimate this reporting entity’s probable maximum insurance loss, and identify the type of insured exposures
       comprising that probable maximum loss, the locations of concentrations of those exposures and the external resources (such as consulting
       firms or computer software models), if any, used in the estimation process.
                     s
      The Company' net exposure arises from its participation in the Nationwide Mutual Insurance Company Pool. Catastrophic risk to the Pool
                                                                                                                                        s
       arises primarily from windstorm events in the southeastern United States affecting personal and commercial lines. The Company' property
       exposures are aggregated with the other Nationwide companies and modeled using Applied Insurance Research (AIR) CLASIC/2.

6.3   What provision has this reporting entity made (such as a catastrophic reinsurance program) to protect itself from an excessive loss arising
       from the types and concentrations of insured exposures comprising its probable maximum property insurance loss?
                    s
      The Company' net property-catastrophe exposures, if any, are mitigated through managed coastal growth, purchase of excess of loss
       reinsurance, policy provisions such as higher deductibles, and enforcement of underwriting guidelines related to building construction, etc.

6.4   Does the reporting entity carry catastrophe reinsurance protection for at least one reinstatement, in an amount sufficient to cover its estimated
       probable maximum loss attributable to a single loss event or occurrence?

6.5   If no, describe any arrangements or mechanisms employed by the reporting entity to supplement its catastrophe reinsurance program or to
        hedge its exposure to unreinsured catastrophic loss.


7.1   Has this reporting entity reinsured any risk with any other entity under a quota share reinsurance contract that includes a provision that would
                           s
       limit the reinsurer' losses below the stated quota share percentage (e.g., a deductible, a loss ratio corridor, a loss ratio cap, an aggregate
       limit or any similar provisions)?

7.2   If yes, indicate the number of reinsurance contracts containing such provisions:

7.3   If yes, does the amount of reinsurance credit taken reflect the reduction in quota share coverage caused by any applicable limiting
        provision(s)?

8.1   Has this reporting entity reinsured any risk with any other entity and agreed to release such entity from liability, in whole or in part, from any
       loss that may occur on this risk, or portion thereof, reinsured?

8.2   If yes, give full information
       During 2009, the Company entered into a global commutation with Seaton Insurance Company (fka Unigard Security Insurance Company fka
                                                                                       s                                        s
        Unigard Mutual Insurance Company). As part of the commutation, Seaton/Unigard' share of a specific first layer of worker' compensation
        and liability excess retrocessional agreement was commuted. However, there were no amounts due or reserves associated with this treaty.

9.1   Has the reporting entity ceded any risk under any reinsurance contract (or under multiple contracts with the same reinsurer or its affiliates) for
        which during the period covered by the statement: (i) it recorded a positive or negative underwriting result greater than 5% of prior year-end
        surplus as regards policyholders or it reported calendar year written premium ceded or year-end loss and loss expense reserves ceded
        greater than 5% of prior year-end surplus as regards policyholders; (ii) it accounted for that contract as reinsurance and not as a deposit; and
        (iii) the contract(s) contain one or more of the following features or other features that would have similar results:
      (a) A contract term longer than two years and the contract is noncancellable by the reporting entity during the contract term;
      (b) A limited or conditional cancellation provision under which cancellation triggers an obligation by the reporting entity, or an affiliate of the
            reporting entity, to enter into a new reinsurance contract with the reinsurer, or an affiliate of the reinsurer;
      (c) Aggregate stop loss reinsurance coverage;
      (d) A unilateral right by either party (or both parties) to commute the reinsurance contract, whether conditional or not, except for such
            provisions which are only triggered by a decline in the credit status of the other party;
      (e) A provision permitting reporting of losses, or payment of losses, less frequently than on a quarterly basis (unless there is no activity during
            the period); or
      (f) Payment schedule, accumulating retentions from multiple years or any features inherently designed to delay timing of the reimbursement to
            the ceding entity.

9.2   Has the reporting entity during the period covered by the statement ceded any risk under any reinsurance contract (or under multiple contracts
       with the same reinsurer or its affiliates), for which, during the period covered by the statement, it recorded a positive or negative underwriting
       result greater than 5% of prior year-end surplus as regards policyholders or it reported calendar year written premium ceded or year-end loss
       and loss expense reserves ceded greater than 5% of prior year-end surplus as regards policyholders; excluding cessions to approved
       pooling arrangements or to captive insurance companies that are directly or indirectly controlling, controlled by, or under common control
       with (i) one or more unaffiliated policyholders of the reporting entity, or (ii) an association of which one or more unaffiliated policyholders of
       the reporting entity is a member where:
      (a) The written premium ceded to the reinsurer by the reporting entity or its affiliates represents fifty percent (50%) or more of the entire direct
           and assumed premium written by the reinsurer based on its most recently available financial statement; or
      (b) Twenty-five percent (25%) or more of the written premium ceded to the reinsurer has been retroceded back to the reporting entity or its
           affiliates in a separate reinsurance contract.

9.3   If yes to 9.1 or 9.2, please provide the following information in the Reinsurance Summary Supplemental Filing for General Interrogatory 9:
      (a) The aggregate financial statement impact gross of all such ceded reinsurance contracts on the balance sheet and statement of income;
      (b) A summary of the reinsurance contract terms and indicate whether it applies to the contracts meeting the criteria in 9.1 or 9.2; and
      (c) A brief discussion of management’s principle objectives in entering into the reinsurance contract including the economic purpose to be
           achieved.

9.4   Except for transactions meeting the requirements of paragraph 32 of SSAP No. 62, Property and Casualty Reinsurance, has the reporting
       entity ceded any risk under any reinsurance contract (or multiple contracts with the same reinsurer or its affiliates) during the period covered
       by the financial statement, and either:
      (a) Accounted for that contract as reinsurance (either prospective or retroactive) under statutory accounting principles (“SAP”) and as a
          deposit under generally accepted accounting principles (“GAAP”); or
      (b) Accounted for that contract as reinsurance under GAAP and as a deposit under SAP?

9.5   If yes to 9.4, explain in the Reinsurance Summary Supplemental Filing for General Interrogatory 9 (Section D) why the contract(s) is treated
        differently for GAAP and SAP.

9.6   The reporting entity is exempt from the Reinsurance Attestation Supplement under one or more of the following criteria:
      (a) The entity does not utilize reinsurance; or
      (b) The entity only engages in a 100% quota share contract with an affiliate and the affiliated or lead company has filed an attestation
           supplement; or
      (c) The entity has no external cessions and only participates in an intercompany pool and the affiliated or lead company has filed an
           attestation supplement.
10.   If the reporting entity has assumed risks from another entity, there should be charged on account of such reinsurances a reserve equal
        to that which the original entity would have been required to charge had it retained the risks. Has this been done?




                                                                                        16.1
            ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                                   GENERAL INTERROGATORIES
                                                     PART 2 - PROPERTY AND CASUALTY INTERROGATORIES

11.1    Has the reporting entity guaranteed policies issued by any other entity and now in force?

11.2    If yes, give full information


12.1    If the reporting entity recorded accrued retrospective premiums on insurance contracts on Line 13.3 of the asset schedule, Page 2, state the
          amount of corresponding liabilities recorded for:
                                                                            12.11 Unpaid losses                                                             $
                                                                            12.12 Unpaid underwriting expenses (including loss adjustment expenses)         $

12.2    Of the amount on Line 13.3, Page 2, state the amount which is secured by letters of credit, collateral, and other funds                             $

12.3    If the reporting entity underwrites commercial insurance risks, such as workers’ compensation, are premium notes or promissory notes
          accepted from its insureds covering unpaid premiums and/or unpaid losses?

12.4    If yes, provide the range of interest rates charged under such notes during the period covered by this statement:
                                                                            12.41 From                                                                                       %
                                                                            12.42 To                                                                                         %

12.5    Are letters of credit or collateral and other funds received from insureds being utilized by the reporting entity to secure premium notes or
         promissory notes taken by a reporting entity, or to secure any of the reporting entity’s reported direct unpaid loss reserves , including unpaid
         losses under deductible features of commercial policies?

12.6    If yes, state the amount thereof at December 31 of the current year:
                                                                            12.61 Letters of credit                                                         $
                                                                            12.62 Collateral and other funds                                                $

13.1    Largest net aggregate amount insured in any one risk (excluding workers’ compensation):                                                             $

13.2    Does any reinsurance contract considered in the calculation of this amount include an aggregate limit of recovery without also including a
         reinstatement provision?

13.3    State the number of reinsurance contracts (excluding individual facultative risk certificates, but including facultative programs, automatic
         facilities or facultative obligatory contracts) considered in the calculation of the amount.

14.1    Is the company a cedant in a multiple cedant reinsurance contract?

14.2    If yes, please describe the method of allocating and recording reinsurance among the cedants:
        Companies that are not 100% participants in the Nationwide Mutual Insurance Company Pool receive a fair and equitable allocation of ceded
          premium and loss. The terms of the Nationwide Pool govern the allocation and recording of ceded premium and loss for the fully pooled
          companies.

14.3    If the answer to 14.1 is yes, are the methods described in item 14.2 entirely contained in the respective multiple cedant reinsurance
          contracts?

14.4    If the answer to 14.3 is no, are all the methods described in 14.2 entirely contained in written agreements?

14.5    If the answer to 14.4 is no, please explain:
        Written agreements are in place for all multi-cedant reinsurance treaties that cover any company that is not fully pooled.
15.1    Has the reporting entity guaranteed any financed premium accounts?

15.2    If yes, give full information



16.1    Does the reporting entity write any warranty business?
        If yes, disclose the following information for each of the following types of warranty coverage:

                                                                         1                        2                       3                       4                    5
                                                                   Direct Losses            Direct Losses          Direct Written          Direct Premium       Direct Premium
                                                                      Incurred                 Unpaid                Premium                  Unearned              Earned
16.11   Home
16.12   Products
16.13   Automobile
16.14   Other*
        * Disclose type of coverage:




                                                                                         16.2
           ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY

                                                 GENERAL INTERROGATORIES
                                                    PART 2 - PROPERTY AND CASUALTY INTERROGATORIES

17.1   Does the reporting entity include amounts recoverable on unauthorized reinsurance in Schedule F - Part 3 that it excludes from Schedule F -
        Part 5?

       Incurred but not reported losses on contracts in force prior to July 1, 1984, and not subsequently renewed are exempt from
        inclusion in Schedule F - Part 5. Provide the following information for this exemption:
                                                                        17.11 Gross amount of unauthorized reinsurance in Schedule F - Part 3 excluded
                                                                                from Schedule F - Part 5                                              $
                                                                       17.12 Unfunded portion of Interrogatory 17.11                                   $
                                                                       17.13 Paid losses and loss adjustment expenses portion of Interrogatory 17.11   $
                                                                       17.14 Case reserves portion of Interrogatory 17.11                              $
                                                                       17.15 Incurred but not reported portion of Interrogatory 17.11                  $
                                                                       17.16 Unearned premium portion of Interrogatory 17.11                           $
                                                                       17.17 Contingent commission portion of Interrogatory 17.11                      $

       Provide the following information for all other amounts included in Schedule F - P art 3 and excluded from
        Schedule F - Part 5, not included above.
                                                                       17.18 Gross amount of unauthorized reinsurance in Schedule F - Part 3 excluded
                                                                              from Schedule F - Part 5                                               $
                                                                       17.19 Unfunded portion of Interrogatory 17.18                                   $
                                                                       17.20 Paid losses and loss adjustment expenses portion of Interrogatory 17.18   $
                                                                       17.21 Case reserves portion of Interrogatory 17.18                              $
                                                                       17.22 Incurred but not reported portion of Interrogatory 17.18                  $
                                                                       17.23 Unearned premium portion of Interrogatory 17.18                           $
                                                                       17.24 Contingent commission portion of Interrogatory 17.18                      $

18.1   Do you act as a custodian for health savings accounts?

18.2   If yes, please provide the amount of custodial funds held as of the reporting date.                                                             $

18.3   Do you act as an administrator for health savings accounts?

18.4   If yes, please provide the balance of funds administered as of the reporting date.                                                              $




                                                                                       16.3
          ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                                    FIVE-YEAR HISTORICAL DATA
                                Show amounts in whole dollars only, no cents; show percentages to one decimal place, i.e. 17.6.
                                                                   1                  2                  3                  4      5
                                                                 2009               2008               2007                2006   2005
      Gross Premiums Written (Page 8, Part 1B Cols.
       1, 2 & 3)
 1.   Liability lines (Lines 11.1, 11.2, 16, 17.1, 17.2, 17.3,
       18.1, 18.2, 19.1, 19.2 & 19.3, 19.4)
 2.   Property lines (Lines 1, 2, 9, 12, 21 & 26)
 3.   Property and liability combined lines (Lines 3, 4, 5,
       8, 22 & 27)
 4.   All other lines (Lines 6, 10, 13, 14, 15, 23, 24, 28,
       29, 30 & 34)
 5.   Nonproportional reinsurance lines (Lines 31, 32 &
       33)
 6.   Total (Line 35)
      Net Premiums Written (Page 8, Part 1B, Col. 6)
 7.   Liability lines (Lines 11.1, 11.2, 16, 17.1, 17.2, 17.3,
       18.1, 18.2, 19.1, 19.2 & 19.3, 19.4)
 8.   Property lines (Lines 1, 2, 9, 12, 21 & 26)
 9.   Property and liability combined lines (Lines 3, 4, 5,
       8, 22 & 27)
10.   All other lines (Lines 6, 10, 13, 14, 15, 23, 24, 28,
       29, 30 & 34)
11.   Nonproportional reinsurance lines (Lines 31, 32 &
       33)
12.   Total (Line 35)
      Statement of Income (Page 4)
13    Net underwriting gain (loss) (Line 8)
14.   Net investment gain or (loss) (Line 11)
15.   Total other income (Line 15)
16.   Dividends to policyholders (Line 17)
17.   Federal and foreign income taxes incurred (Line 19)
18.   Net income (Line 20)
      Balance Sheet Lines (Pages 2 and 3)
19.   Total admitted assets excluding protected cell
       business (Page 2, Line 24, Col. 3)
20.   Premiums and considerations (Page 2, Col. 3)
      20.1 In course of collection (Line 13.1)
      20.2 Deferred and not yet due (Line 13.2)
      20.3 Accrued retrospective premiums (Line 13.3)
21.   Total liabilities excluding protected cell business
       (Page 3, Line 24)
22.   Losses (Page 3, Line 1)
23.   Loss adjustment expenses (Page 3, Line 3)
24.   Unearned premiums (Page 3, Line 9)
25.   Capital paid up (Page 3, Lines 28 & 29)
26.   Surplus as regards policyholders (Page 3, Line 35)
      Cash Flow (Page 5)
27.   Net cash from operations (Line 11)
      Risk-Based Capital Analysis
28.   Total adjusted capital
29.   Authorized control level risk-based capital
      Percentage Distribution of Cash, Cash
       Equivalents and Invested Assets(Page 2, Col.
       3) (Line divided by Page 2, Line 10, Col. 3)
       x100.0
30.   Bonds (Line 1)
31.   Stocks (Lines 2.1 & 2.2)
32.   Mortgage loans on real estate (Lines 3.1 and 3.2)
33.   Real estate (Lines 4.1, 4.2 & 4.3)
34.   Cash, cash equivalents and short-term investments
       (Line 5)
35.   Contract loans (Line 6)
36.   Other invested assets (Line 7)
37.   Receivables for securities (Line 8)
38.   Aggregate write-ins for invested assets (Line 9)
39.   Cash, cash equivalents and invested assets (Line
       10)
      Investments in parent, subsidiaries and affiliates
40.   Affiliated bonds (Schedule D, Summary, Line 12,
       Col. 1)
41.   Affiliated preferred stocks (Schedule D, Summary,
       Line 18, Col. 1)
42.   Affiliated common stocks (Schedule D, Summary,
       Line 24, Col. 1)
43.   Affiliated short-term investments (subtotals included
       in Schedule DA Verification, Col. 5, Line 10)
44.   Affiliated mortgage loans on real estate
45.   All other affiliated
46.   Total of above Lines 40 to 45
47.   Percentage of investments in parent, subsidiaries
       and affiliates to surplus as regards policyholders
       (Line 46 above divided by Page 3, Col. 1, Line 35
       x 100.0)




                                                                               17
             ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                                       FIVE-YEAR HISTORICAL DATA
                                                                                  (Continued)
                                                                         1                      2                      3                        4      5
                                                                       2009                   2008                   2007                      2006   2005

         Capital and Surplus Accounts (Page 4)

   48.   Net unrealized capital gains (losses) (Line 24)

   49.   Dividends to stockholders (Line 35)

   50.   Change in surplus as regards policyholders for the
          year (Line 38)

         Gross Losses Paid (Page 9, Part 2, Cols. 1 & 2)

   51.   Liability lines (Lines 11.1, 11.2, 16, 17.1, 17.2, 17.3,
          18.1, 18.2, 19.1, 19.2 & 19.3, 19.4)

   52.   Property lines (Lines 1, 2, 9, 12, 21 & 26)

   53.   Property and liability combined lines (Lines 3, 4, 5,
          8, 22 & 27)

   54.   All other lines (Lines 6, 10, 13, 14, 15, 23, 24, 28,
          29, 30 & 34)

   55.   Nonproportional reinsurance lines (Lines 31, 32 &
          33)

   56.   Total (Line 35)

         Net Losses Paid (Page 9, Part 2, Col. 4)

   57.   Liability lines (Lines 11.1, 11.2, 16, 17.1, 17.2, 17.3,
          18.1, 18.2, 19.1, 19.2 & 19.3, 19.4)

   58.   Property lines (Lines 1, 2, 9, 12, 21 & 26)

   59.   Property and liability combined lines (Lines 3, 4, 5,
          8, 22 & 27)

   60.   All other lines (Lines 6, 10, 13, 14, 15, 23, 24, 28,
          29, 30 & 34)

   61.   Nonproportional reinsurance lines (Lines 31, 32 &
          33)

   62.   Total (Line 35)

         Operating Percentages (Page 4) (Line divided by
          Page 4, Line 1) x 100.0

   63.   Premiums earned (Line 1)

   64.   Losses incurred (Line 2)

   65.   Loss expenses incurred (Line 3)

   66.   Other underwriting expenses incurred (Line 4)

   67.   Net underwriting gain (loss) (Line 8)

         Other Percentages

   68.   Other underwriting expenses to net premiums
          written (Page 4, Lines 4 + 5 - 15 divided by Page
          8, Part 1B, Col. 6, Line 35 x 100.0)

   69.   Losses and loss expenses incurred to premiums
          earned (Page 4, Lines 2 + 3 divided by Page 4,
          Line 1 x 100.0)

   70.   Net premiums written to policyholders’ surplus
          (Page 8, Part 1B, Col. 6, Line 35 divided by Page
          3, Line 35, Col. 1 x 100.0)

         One Year Loss Development (000 omitted)

   71.   Development in estimated losses and loss
          expenses incurred prior to current year (Schedule
          P - Part 2 - Summary, Line 12, Col. 11)

   72.   Percent of development of losses and loss
          expenses incurred to policyholders’ surplus of prior
          year end (Line 71 above divided by Page 4, Line
          21, Col. 1 x 100.0)

         Two Year Loss Development (000 omitted)

   73.   Development in estimated losses and loss
          expenses incurred two years before the current
          year and prior year (Schedule P, Part 2 -
          Summary, Line 12, Col. 12)

   74.   Percent of development of losses and loss
          expenses incurred to reported policyholders’
          surplus of second prior year end (Line 73 above
          divided by Page 4, Line 21, Col. 2 x 100.0)
NOTE: If a party to a merger, have the two most recent years of this exhibit been restated due to a merger in compliance with the disclosure
        requirements of SSAP No. 3, Accounting Changes and Correction of Errors?
      If no, please explain:




                                                                                         18
                ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
             SCHEDULE P - ANALYSIS OF LOSSES AND LOSS EXPENSES
                       SCHEDULE P - PART 1 - SUMMARY
                                                                                   ($000 OMITTED)
                             Premiums Earned                                                        Loss and Loss Expense Payments                                              12
   Years in       1                 2              3                                           Defense and Cost        Adjusting and Other              10         11
    Which                                                         Loss Payments              Containment Payments          Payments                                          Number of
Premiums Were                                                     4          5                  6            7           8            9                         Total Net     Claims
  Earned and                                                                                                                                      Salvage and Paid Cols      Reported-
 Losses Were  Direct and                                      Direct and                     Direct and               Direct and                  Subrogation (4 - 5 + 6 - 7 Direct and
   Incurred   Assumed              Ceded       Net (1 - 2)    Assumed          Ceded         Assumed        Ceded     Assumed        Ceded         Received      + 8 - 9)    Assumed

   1.   Prior         XXX           XXX           XXX                                                                                                                           XXX

   2.   2000                                                                                                                                                                    XXX

   3.   2001                                                                                                                                                                    XXX

   4.   2002                                                                                                                                                                    XXX

   5.   2003                                                                                                                                                                    XXX

   6.   2004                                                                                                                                                                    XXX

   7.   2005                                                                                                                                                                    XXX

   8.   2006                                                                                                                                                                    XXX

   9.   2007                                                                                                                                                                    XXX

  10.   2008                                                                                                                                                                    XXX

  11.   2009                                                                                                                                                                    XXX

  12.   Totals        XXX           XXX           XXX                                                                                                                           XXX


                                                                                                                                                         23         24          25
                                Losses Unpaid                                Defense and Cost Containment Unpaid            Adjusting and Other
                       Case Basis           Bulk + IBNR                       Case Basis             Bulk + IBNR                  Unpaid
                      13        14        15          16                     17         18         19          20             21          22                                  Number
                                                                                                                                                     Salvage    Total Net    of Claims
                                                                                                                                                        and      Losses      Outstand-
                    Direct                   Direct                      Direct                      Direct                 Direct                   Subrog-      and           ing-
                     and                      and                         and                         and                    and                       ation    Expenses     Direct and
                   Assumed       Ceded      Assumed          Ceded      Assumed        Ceded        Assumed    Ceded       Assumed        Ceded     Anticipated Unpaid       Assumed

   1.   Prior                                                                                                                                                                   XXX

   2.   2000                                                                                                                                                                    XXX

   3.   2001                                                                                                                                                                    XXX

   4.   2002                                                                                                                                                                    XXX

   5.   2003                                                                                                                                                                    XXX

   6.   2004                                                                                                                                                                    XXX

   7.   2005                                                                                                                                                                    XXX

   8.   2006                                                                                                                                                                    XXX

   9.   2007                                                                                                                                                                    XXX

  10.   2008                                                                                                                                                                    XXX

  11.   2009                                                                                                                                                                    XXX

  12.   Totals                                                                                                                                                                  XXX


                                   Total                              Loss and Loss Expense Percentage                                             34           Net Balance Sheet
                     Losses and Loss Expenses Incurred                   (Incurred /Premiums Earned)                Nontabular Discount                       Reserves After Discount
                       26           27            28                    29             30          31                32            33           Inter-           35            36
                                                                                                                                              Company
                     Direct                                           Direct                                                                   Pooling                        Loss
                      and                                              and                                                       Loss        Participation     Losses       Expenses
                    Assumed         Ceded              Net           Assumed        Ceded             Net           Loss        Expense      Percentage        Unpaid        Unpaid

   1.   Prior          XXX            XXX              XXX             XXX             XXX            XXX                                          XXX

   2.   2000

   3.   2001

   4.   2002

   5.   2003

   6.   2004

   7.   2005

   8.   2006

   9.   2007

  10.   2008

  11.   2009

  12.   Totals         XXX            XXX              XXX             XXX             XXX            XXX                                          XXX

Note: Parts 2 and 4 are gross of all discounting, including tabular discounting. Part 1 is gross of only nontabular discounting, which is reported in Columns 32 and 33 of Part 1. The
       tabular discount, if any, is reported in the Notes to Financial Statements which will reconcile Part 1 with Parts 2 and 4.




                                                                                               31
              ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                      SCHEDULE P - PART 2 - SUMMARY
  Years in      INCURRED NET LOSSES AND DEFENSE AND COST CONTAINMENT EXPENSES REPORTED AT YEAR END ($000 OMITTED)         DEVELOPMENT
Which Losses         1        2        3          4        5        6         7        8         9          10            11       12
Were Incurred      2000     2001      2002      2003     2004     2005      2006     2007       2008      2009          One Year Two Year

 1.   Prior

 2.   2000

 3.   2001        XXX

 4.   2002        XXX       XXX

 5.   2003        XXX       XXX        XXX

 6.   2004        XXX       XXX        XXX           XXX

 7.   2005        XXX       XXX        XXX           XXX          XXX

 8.   2006        XXX       XXX        XXX           XXX          XXX    XXX

 9.   2007        XXX       XXX        XXX           XXX          XXX    XXX    XXX

10.   2008        XXX       XXX        XXX           XXX          XXX    XXX    XXX    XXX                                            XXX

11.   2009        XXX       XXX        XXX           XXX          XXX    XXX    XXX    XXX       XXX                         XXX      XXX

                                                                                                          12. Totals




                                      SCHEDULE P - PART 3 - SUMMARY
                   CUMULATIVE PAID NET LOSSES AND DEFENSE AND COST CONTAINMENT EXPENSES REPORTED AT YEAR END               11          12
                                                          ($000 OMITTED)                                                Number of   Number of
  Years in         1         2          3         4         5         6       7         8        9         10            Claims      Claims
   Which                                                                                                                 Closed      Closed
   Losses                                                                                                                 With       Without
    Were                                                                                                                  Loss        Loss
  Incurred        2000      2001       2002          2003      2004      2005   2006   2007      2008          2009     Payment     Payment

 1.   Prior        000                                                                                                       XXX      XXX

 2.   2000                                                                                                                   XXX      XXX

 3.   2001        XXX                                                                                                        XXX      XXX

 4.   2002        XXX       XXX                                                                                              XXX      XXX

 5.   2003        XXX       XXX        XXX                                                                                   XXX      XXX

 6.   2004        XXX       XXX        XXX           XXX                                                                     XXX      XXX

 7.   2005        XXX       XXX        XXX           XXX          XXX                                                        XXX      XXX

 8.   2006        XXX       XXX        XXX           XXX          XXX    XXX                                                 XXX      XXX

 9.   2007        XXX       XXX        XXX           XXX          XXX    XXX    XXX                                          XXX      XXX

10.   2008        XXX       XXX        XXX           XXX          XXX    XXX    XXX    XXX                                   XXX      XXX

11.   2009        XXX       XXX        XXX           XXX          XXX    XXX    XXX    XXX       XXX                         XXX      XXX




                                      SCHEDULE P - PART 4 - SUMMARY
                 BULK AND IBNR RESERVES ON NET LOSSES AND DEFENSE AND COST CONTAINMENT EXPENSES REPORTED AT YEAR END ($000 OMITTED)
  Years in          1            2          3           4           5          6          7          8            9           10
   Which
   Losses
    Were
  Incurred         2000        2001           2002          2003        2004    2005      2006          2007           2008          2009

 1.   Prior

 2.   2000

 3.   2001         XXX

 4.   2002         XXX         XXX

 5.   2003         XXX         XXX            XXX

 6.   2004         XXX         XXX            XXX           XXX

 7.   2005         XXX         XXX            XXX           XXX         XXX

 8.   2006         XXX         XXX            XXX           XXX         XXX      XXX

 9.   2007         XXX         XXX            XXX           XXX         XXX      XXX      XXX

10.   2008         XXX         XXX            XXX           XXX         XXX      XXX      XXX           XXX

11.   2009         XXX         XXX            XXX           XXX         XXX      XXX      XXX           XXX            XXX




                                                                         32
             ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                            SCHEDULE T - EXHIBIT OF PREMIUMS WRITTEN
                                                                     Allocated by States and Territories
                                           1         Gross Premiums, Including            4               5              6               7               8                9
                                                    Policy and Membership Fees,                                                                                         Direct
                                                     Less Return Premiums and                                                                                        Premiums
                                                      Premiums on Policies Not       Dividends                                                                       Written for
                                                               Taken                   Paid or          Direct                                     Finance and         Federal
                                                          2              3           Credited to       Losses                                         Service       Purchasing
                                                        Direct        Direct        Policyholders       Paid            Direct        Direct       Charges Not         Groups
                                        Active        Premiums      Premiums          on Direct      (Deducting        Losses         Losses        Included in     (Included in
            States, Etc.                Status         Written       Earned           Business        Salvage)        Incurred        Unpaid         Premiums        Column 2)
   1.   Alabama                AL
   2.   Alaska                 AK
   3.   Arizona                AZ
   4.   Arkansas               AR
   5.   California             CA
   6.   Colorado               CO
   7.   Connecticut            CT
   8.   Delaware               DE
   9.   District of Columbia   DC
  10.   Florida                FL
  11.   Georgia                GA
  12.   Hawaii                 HI
  13.   Idaho                  ID
  14.   Illinois               IL
  15.   Indiana                IN
  16.   Iowa                   IA
  17.   Kansas                 KS
  18.   Kentucky               KY
  19.   Louisiana              LA
  20.   Maine                  ME
  21.   Maryland               MD
  22.   Massachusetts          MA
  23.   Michigan               MI
  24.   Minnesota              MN
  25.   Mississippi            MS
  26.   Missouri               MO
  27.   Montana                MT
  28.   Nebraska               NE
  29.   Nevada                 NV
  30.   New Hampshire          NH
  31.   New Jersey             NJ
  32.   New Mexico             NM
  33.   New York               NY
  34.   North Carolina         NC
  35.   North Dakota           ND
  36.   Ohio                   OH
  37.   Oklahoma               OK
  38.   Oregon                 OR
  39.   Pennsylvania           PA
  40.   Rhode Island           RI
  41.   South Carolina         SC
  42.   South Dakota           SD
  43.   Tennessee              TN
  44.   Texas                  TX
  45.   Utah                   UT
  46.   Vermont                VT
  47.   Virginia               VA
  48.   Washington             WA
  49.   West Virginia          WV
  50.   Wisconsin              WI
  51.   Wyoming                WY
  52.   American Samoa         AS
  53.   Guam                   GU
  54.   Puerto Rico            PR
  55.   U.S. Virgin Islands    VI
  56.   Northern Mariana
          Islands              MP
  57.   Canada                 CN
  58.   Aggregate Other Aliens OT     XXX
  59.   Totals (a)                (a)
        DETAILS OF WRITE-INS
 5801.                                    XXX
 5802.                                    XXX
 5803.                                    XXX
 5898. Summary of remaining
        write-ins for Line 58 from
        overflow page                     XXX
 5899. Totals (Lines 5801 through
        5803 plus 5898)(Line 58
        above)                            XXX
                                                           Explanation of basis of allocation of premiums by states, etc.
Premiums are allocated to those states where the insured risks are located: principle garage for automobile, physical address for homeowners, commercial multiple peril and other
 liability and main place of work for workers'compensation. Allocation of premiums for individual and group health insurance is based on the situs of the contract.
(a) Insert the number of L responses except for Canada and Other Alien.




                                                                                        92
                                                                                                                                                                                                                                  1$7,21:,'( Š
                                                                                                                                                                                                                                                                                                                                                                                                                                                                 NATIONW IDE                                 CH AMP IONS OF TH E
                                                                                                                                             FARMLAND MU TU AL
                                                                                                                                            INS U RANCE COMP ANY                                                                             1$7,21:,'( 0 878$/                                                                                                           1$7,21:,'( 0 878$/                                                                     FOU NDATION                                  COMMU NITY , INC.




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                                                                                                                          G u aranty%F u nd
                                                                                                                                                                                                                                            ,1685$1&( &20 3$1<                                                                                                         ),5( ,1685$1&( &20 3$1<                                                                  M E M B E R SH IP
                                                                                                                                          %GTVK ECVG                                                                                              &$68$/7<     2+                                                                                                                ),5(                                                                            NO NP R O F IT                                  NO NP R O F IT
                                                                                                                                          %                                                                                                                                                                                                                                                                                    2+                               CO R P O R A T IO N
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       2+
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                CO R P O R A T IO N
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      2+
                                                                                                                                          Casu alty%
                                                                                                                                                                       ,$
                                                                                                                                                                                                                                                                                                                                     NATIONW IDE
                                                                                                                                                                                                                                                                                                                                    CORP ORATION                                                     RETENTION
                                                                                                                                                                                                                                                                                                                                                                                                 ALTERNATIVES , LTD.
                                                                                                                                                                                                                                                                                                                            Common%Stock:%
                                                                                                                                                                                                                                                                                                                            13,6 4 2 ,4 32 %Shares                                            Common%Stock:%12 0,000%Shares%
                                                                                                                                                                                                                                                                                                                            Casu alty –9 5 .2
                                                                                                                                                                                                                                                                                                                            F ire–4 .8 %        %
                                                                                                                                                                                                                                                                                                                                                                                              F ire–100 %
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                                                                                                                                                                                                                                                                              (AG I)
                                                                                                                                                                                                                                                                                                                                                                                (S IC)                                                                                 (TH I)
                                                                                                                                                                                                                                                                Common%Stock%     8 5 0%Share                                                                       Common%Stock:% 30,136 %Shares
                                                                                                                                                                                                                                                                                                                                                                                                                                                           Common%Stock:% 100%Shares
                                                                                                                                                                                                                                                                                                                                                               %
                                                                                                                                                                                                                                                                                                                                                                    Casu alty–100 %                                                                        Casu alty-100 %
                                                                                                                                                                                                                                                                Casu alty–100 %                    ,$                                                                                           2+                                                                                         '(


            ATLANTIC FLORIDIAN                       NATIONW IDE G ENERAL                   AMERICAN MARINE                                                                         NATIONW IDE REALTY                                         ALLIED P ROP ERTY                                          DEP OS ITORS                                                      S COTTS DALE                                            TITAN INDEMNITY                                       VICTORIA FIRE &
                                                                                                                                              NATIONW IDE                                                                                                                                           INS U RANCE COMP ANY                                                  S U RP LU S LINES                                                                                             CAS U ALTY COMP ANY
           INS U RANCE COMP ANY                      INS U RANCE COMP ANY                  U NDERW RITERS , INC.                                                                      INVES TORS , LTD                                           AND CAS U ALTY                                                                                                                                                                        COMP ANY
                                                                                                                                              ARENA LLC                                                                                                                                                  (DEP OS ITORS )                                              INS U RANCE COMP ANY
                                                                                                                                                                                                                                             INS U RANCE COMP ANY                                                                                                                                                                       (TITAN)                                           (VICTORIA FIRE)
         Common%Stock:% 5 ,000%Shares              Common%Stock:% 2 0,000%Shares         Common%Stock:%            2 0%Shares                                                   Casu alty–9 5                                                     (ALLIED P & C)                                   Common%Stock:% 300,000%Shares                                    Common%Stock:% 10,000%Shares                               Common%Stock:% 4 ,319 ,9 5 1%Shares                    Common%Stock:%         1,5 00%Shares
                                                                                                                                                                                                                                           Common%Stock:%300,000%Shares                    %                                                                   %
         Casu alty–100                         %                                    %
                                                                                                                                     Casu alty–9 0 %                                                                                       A G I–100 %                                             A G I–100 %                                                      SIC–100 %                                                  T H I-100                                              T H I-100
     %                                             Casu alty–100 %                       Casu alty–100 %%%%%                                                                    NW %Ind emnity–5 %
                                                                                                                                                                                                              2+                                                   ,$                                                                 ,$                                                        $=                                                              7;                                                   2+
                                     2+                                    2+                                           )/                                        2+

                                                         NATIONW IDE                                                                  NATIONW IDE MU TU AL                                                                                                                                                                                                                  W ES TERN
         CRES TB ROOK INS U RANCE                                                              INS U RANCE                                                                            NATIONW IDE AS S ET                                             AMCO                                         NATIONW IDE INS U RANCE                                                                                                          TITAN INS U RANCE                                  VICTORIA AU TOMOB ILE
                                                    INDEMNITY COMP ANY                                                                   CAP ITAL, LLC                                                                                                                                                                                                                H ERITAG E INS U RANCE
                 COMP ANY                                                                  INTERMEDIARIES , INC.                                                                      MANAG EMENT, LLC                                       INS U RANCE COMP ANY                                   COMP ANY OF AMERICA                                                                                                                 COMP ANY                                       INS U RANCE COMP ANY
                                                       (NW INDEMNITY )                                                                    (Mu tu a l Ca p )                                                                                                                                                                                                                 COMP ANY
                                                                                                    (III)                                                                                                                                            (AMCO)                                                                                                                                                                        (TITAN INS U RANCE)
          Common%Stock:% 5 2 ,000%Shares                                                                                                                                                                                                                                                       Common%Stock:% 12 ,5 00%%Shares                                                                                                                                                        Common%Stock:%          1,5 00%Shares
                                                   Common%Stock:% 2 8 ,000%Shares                                                        Sing le%M emb er%L imited %                                                                      Common%Stock:% 300,000%Shares                                                                                            Common%Stock:%4 ,7 7 6 ,07 6 %Shares
                                                                                         Common%Stock:% 1,6 15 %Shares                                                          %                                                                                                                                                                                                                                               Common%Stock:%1,000,000%Shares
94




                                                                                                                                           L iab ility%Comp any                                                                           %                                                                                                                    %                                                                                                                      V ictoria%F ire-100
     %                                                                                                                                                                          Casu alty–100                                                                                              %
          Casu alty–100 %                                                                                                                                                                                                                 A G I–100 %                                          A G I–100 %                                                         SIC–100 %                                                    T itan-100                                                                            ,1
                                                                                         Casu alty-100 %                                                                                                                                                                                                                                                                                        $=                                                              0,
                                     2+            Casu alty–100 %         2+                                          2+            Casu alty–100                2+                                          2+                                                   ,$                                                                  :,

           NATIONAL CAS U ALTY                                                           NATIONW IDE EX CLU S IVE                                                                   NATIONW IDE CAS H                                                                                                                                                                                                                           W H ITEH ALL H OLDING S ,
                                                   NATIONW IDE INS U RANCE                                                            NATIONW IDE MU TU AL                                                                                          ALLIED                                                     P REMIER                                               FREEDOM S P ECIALTY
                COMP ANY                                                                AG ENT RIS K P U RCH AS ING                     CAP ITAL 1 , LLC                          MANAG EMENT COMP ANY                                                                                                                                                                                                                                                                                   VICTORIA NATIONAL
                                                    COMP ANY OF FLORIDA                                                                                                                                                                        G ENERAL AG ENCY                                                AG ENCY ,                                             INS U RANCE COMP ANY                                                   INC.
                  (NC)                                                                        G ROU P , LLC                                  (NMC)                                                                                                                                                                                                                                                                                                                                      INS U RANCE COMP ANY
                                                                                                                                                                                                                                                   COMP ANY                                                       INC.                                             Common%Stock:% 2 5 0,000%Shares%
                                                                                                                                                                                                                                                                                                                                                                                                                                      (W H ITEH ALL)
                                                   Common%Stock:% 10,000%Shares                                                                                                   Common%Stock:% 100%Shares                                                                                                                                                                                                                                                                           Common%Stock:%          1,000%Shares
          Common%Stock:%      100%Shares                                                                                             Class%A %U nits                                                                                       Common%Stock:% 5 ,000%Shares                            Common%Stock:% 100,000%Shares                                                                                               Common%Stock:% 1,000%Shares
                                                                                                                                                                            %
                                               %                                                                                                                            %                                                         %                                                    %                                                                       SIC–100 %                                                                                                          V ictoria%F ire-100
     %
                                                   Casu alty–100 %                                                                                                                Casu alty–100 %             2+                           A M CO –100 %                                           A G I–100 %                                                                                  2+                             T H I-100                         7;                                                   2+
          Casu alty–100 %            :,                                    2+           III-100                        2+            M u tu al%Cap –9 9 .8 5      '(                                                                                               ,$                                                                  ,$

                                                                                                                                            NMC CP C W T                              1 4 9 2 CAP ITAL, LLC                                                                                                                                                              VETERINARY P ET
           NCC OF AMERICA, LTD.                                                               LONE S TAR                                                                                                                                                                                                NATIONW IDE S ALES
                                                                                                                                          INVES TMENT, LLC                                     (1 4 9 2 )                                         ALLIED TEX AS                                                                                                           INS U RANCE CO.                                      TITAN AU TO INS U RANCE                                    VICTORIA S ELECT
                (INACTIVE)                                                               G ENERAL AG ENCY , INC.                                                                                                                                                                                         S OLU TIONS , INC.
                                                                                                                                     Class%A %U nits                                                                                              AG ENCY , INC.                                                                                                                 (VP I)                                         OF NEW MEX ICO, INC.                                    INS U RANCE COMP ANY
                                                    NATIONW IDE LLOY DS
                                                                                                                                     NM C%-%100                                                                                                                                                    Common%Stock:% 2 0,000%%Shares
          Common%Stock:%300,000%Shares                                                   Common%Stock:% 1,000%Shares                                                                                                                                                                                                                                               Common%Stock:%6 ,9 35 ,38 7 %Shares
                                                                                                                                     Class%B %U nits                                                                                        Common%Stock:% 1,000%Shares                                                                                                                                                        Common%Stock:%            1,000%Shares             Common%Stock:%%           1,000%Shares
                                                      A TEX AS LLOY DS              %                                                                                       %                                                                                                                      %
                                                                                                                                     None                                                                                                                                                                                                                      %
                                                                                    %                                                                                                                                                                                                              A G I–100 %                                                                                                                                                                    V ictoria%F ire-100
                                                                                                                                     Class%C%U nits                         %                                                               A M CO –100 %                                                                                                          SIC–100 %                                                   W hitehall-100
          NC–100 %
                                                                           7;
                                                                                         Casu alty–100 %
                                                                                                                       7;            NM C%100                     '(             Casu alty–100 %              2+                                                    7;                                                                 ,$                                                       &$                                                                10                                                  2+
                                   *%

                                                                                                                                                                                P RIVILEG E U NDERW RITERS ,                                                                                           NATIONW IDE
           NATIONW IDE AFFINITY                    NATIONW IDE P ROP ERTY           COLONIAL COU NTY MU TU AL                         NATIONW IDE P RIVATE                                                             P U RE RIS K MANAG EMENT,                                                   ADVANTAG E MORTG AG E                                                                                                                                                                 VICTORIA S P ECIALTY
                                                                                                                                                                                          INC. (P U I)                                                                                                                                                                                                                                    W I OF
           INS U RANCE COMP ANY                         AND CAS U ALTY                INS U RANCE COMP ANY                             EQ U ITY FU ND, LLC                                                                      LLC (P RM)                                                           COMP ANY (NAMC)                                                     DVM INS U RANCE                                                                                                INS U RANCE COMP ANY
                 OF AMERICA                         INS U RANCE COMP ANY                                                                                                                                                                                                                                                                                                                                                               FLORIDA, INC.
                                                                                         Su rp lu s%D eb entu res:%%                                                                                                                                                                                                                                                      AG ENCY , INC.
                                                                                                                                %                                                                                                                                                                  Common%Stock:% 333,8 37 %%Shares                                                                                                                                               Common%Stock:%            1,000%Shares
          Common%Stock:%5 00,000%Shares            Common%Stock:% 6 0,000%Shares                                                                                                                                                                                                                                                                                                                                               Common%Stock:%           100%Shares
                                                                                                                                                                            %
                                                                                         A ssu rance%                                                                                                              %                                                                                                                                                V P I–100 %
     %                                                                                                                                                                                                                                                                                                                                                                                                                                                                            V ictoria%F ire-100
                                                                                                                                                                            %                                           P U I–100 %                                                                A M CO %–8 7 .3                                                                                                             W hitehall-100
          Casu alty–100 %                          Casu alty–100 %                       L one%Star%          %                      Casu alty–100 %                                                                                                                                                                                                                                            &$                                                                )/                                                  2+
                                     2+                                   2+                                           7;                                         2+             14 9 2 –2 2 .7 %             )/                                         )/                                        A llied %P E C%–8 .4 7
                                                                                                                                                                                                                                                                                                   D ep ositors%–4 .2 3                ,$
                                                                                                                                     NATIONW IDE S ERVICES                                                                                                                                                                                                                                                                          TITAN INS U RANCE
         NATIONW IDE AG RIB U S INES S                 S COTTS DALE                     NATIONW IDE INTERNATIONAL                                                               P U RE INS U RANCE COMP ANY            P RIVILEG E U NDERW RITERS
                                                                                                                                         COMP ANY , LLC                                                                                                                                                                                                                                                                               S ERVICES , INC.
            INS U RANCE COMP ANY                    INDEMNITY COMP ANY                       U NDERW RITERS                                                                                                              RECIP ROCAL EX CH ANG E                                                              AG MC
                                                                                                                                             (NS C)                                                                                                                                                                                                                    V.P .I. S ERVICES INC.                                       (TITAN S ERVICES )
          Common%Stock:%9 4 9 ,9 9 2 %Shares
                                                                                                                                                                                                                                                                                                       REINS U RANCE, LTD.
                                                   Common%Stock:% 5 0,000%Shares         Common%Stock:% 1,000%Shares                  Sing le%M emb er%L imited %
          Casu alty–100 %                                                                                                                                                   %                                                                                                                                                                                       V P I–100 %                                                Common%Stock:%                 1%Share
                                                                                                                                        %%%L iab ility%Comp any                                                                                                                                    Common%Stock:% 11,000%Shares
          O ther%Cap ital:                                                          %                                                                                       %                                      %
                                               %                                                                                %                                                                                                                                                              %
          Casu alty–P fd .%%%%%%%                                                                                                                                                 P U I–100 %                                                                                                                                                                                                                                  W hitehall-100                    7;
                                                   Casu alty–100 %                       Casu alty–100 %
                                                                                                                       &$       %%%Casu alty–100 %              2+                                            )/                                         )/                                        NA M C–100 %                                                                                &$
                                       ,$                                 2+                                                                                                                                                                                                                                                   7         &
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                               % % Solid %L ine
                                                                                             NATIONW IDE REALTY                      NATIONW IDE P ROP ERTY
         NATIONW IDE AS S U RANCE                                                                                                    P ROTECTION S ERVICES ,                                                                                                                                                                                                                                                                                 Contractu al%A ssociation%        % D ou b le%L ine
                                                                                               S ERVICES , LTD.
                COMP ANY                                                                                                                      LLC.                                                                                                                                                                                                                                                                                           L imited %L iab ility%Comp any%   % D otted %L ine
              (AS S U RANCE)                                                                 Sing le%M emb er%L imited %
          Common%Stock:% 1,7 5 0%Shares                                                       %%%L iab ility%Comp any                                                                                                                                                                                                                                                                                                                        D ecemb er%31,%2 009 %                        P ag e%1
     %                                                                              %                                           %
          Casu alty–100 %
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                                                                                                         F AR M LAND M U TU AL




                                                                                                                                                                                                                                                                                                                                                                                                                                                                ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                                                                                        INSU R ANCE COM P ANY                            1$7,21:,'( 0 878$/                                                                              1$7,21:,'( 0 878$/
                                                                                                     G u aranty%F u nd                                  ,1685$1&( &20 3$1<                                                                            ),5( ,1685$1&( &20 3$1<
                                                                                                     %GTVK ECVG
                                                                                                                                                              &$68$/7<                                                                                          ),5(
                                                                                                     %
                                                                                                     Casu alty%                                                            (See%P ag e%1)                               2+                                                 (See%P ag e%1)                                2+
                                                                                                                                    ,$
                                                                                                                                                                                                 NATIONWIDE COR P OR ATION (NW COR P )

                                                                                                                                                                                                 Co m m o n Sto c k : 13 ,6 4 2 ,4 3 2 %Shares

                                                                                                                                                                                                 Ca s u a lty –9 5 .2
                                                                                                                                                                                                 F ire –4 .8                                     2+


                                                                                                                                                                                                                                                                                                                                                                  NATIONWIDE F INANCIAL
             NATIONWIDE GLOBAL                                   NWD M ANAGEM ENT                                                                            NATIONWIDE BETTER                                                                                                                                                                                     SER V ICES, INC. (NF S)
             HOLDINGS, INC. (NGH)                                & R ESEAR CH TR U ST                                                                         HEALTH HOLDING
                                                                                                                                                                                                                                                                                                                                                               Common%Stock:%    9 1,7 7 8 ,7 17
       Common%Stock:%        1%Share                                                                                                                              COM P ANY
                                                                     (NWD M a n a g e )                                                                                                                                                                                                                                                                        %                 Shares
       %              %                                                                                                                                            (NBHH)
       NW%Corp.–100 %                                                                                                                                    Common%Stock:%%            100%Shares                                                                                                                                                                  NW%Corp.–100                       '(
                                       2+
                                                              NW%Corp.–100 %                                                                                                             2+
                                                                                               '(                                                        NW%Corp–100

                                                                                                                                                                                                                                         NATIONWIDE LIF E                           NATIONWIDE F INANCIAL                          NATIONWIDE R ETIR EM ENT                          NF S DISTR IBU TOR S, INC.
                                                                                                                                                                                                                                           INSU R ANCE                             SER V ICES CAP ITAL TR U ST                      SOLU TIONS, INC. (NR S)
                                                                                                                                                            NATIONWIDE BETTER                                                                                                                                                                                                                 (NF SDI)
                                                                                                                                                                                                                                        COM P ANY (NW LIF E)
                                                                                                                          NWD INV ESTM ENT                     HEALTH, INC.                                                                                                                                                        Common%Stock:%       2 3 6 ,4 9 4 %Shares        Common%Stock:%         100%Shares %
                                                                                                                                                                                                                                                                                   P referred %Stock:%
                            NATIONWIDE ASSET                  NATIONWIDE SA CAP ITAL                                     M ANAGEM ENT, INC.                                                                                       Common%Stock:%% 3 ,8 14 ,7 7 9 %Shares
                                                                                                                            (NWD In v e s t)             NB H H –100                                                                                                            % NF S-100                                         NF SD I-100 %                                    NF S-100 %
                         M ANAGEM ENT HOLDINGS                     TR U ST (NSA)                                                                                                                                                  NF S-100                        2+                                                '(                                              '(                                             '(
                                                                                                                  Common%Stock:% 9 5 8 ,7 5 0%Shares
                          NWD %M anag e%–%9 9 .9 9                                                                NWD %M anag e–100                                                     0'
                                                              D E L A WA R E %B U SINE SS%T R U ST                P referred %Stock:% 5 00,000%Shares                                                                               NATIONWIDE LIF E AND                                                                                                                                  NATIONWIDE F U ND
                          Corp.%–%.01                                                                                                                                                                                                                                                 NF R EINSU R ANCE, LTD                       NATIONWIDE R ETIR EM ENT
                                                     *%                                        '(                 NWD %M anag e–100              '(                                                                              ANNU ITY INSU R ANCE COM P ANY                                                                   SOLU TIONS, INC. OF AR IZ ONA                           M ANAGEM ENT LLC
                                                                                                                                                               GATES, M CDONALD                                                              (NLAIC)                                                                              Common%Stock:%          1,000%Shares             Common%Stock:%%          5 %Shares
                                                                                                                                                              & COM P ANY (GATES)                                               % Common%Stock:%% 6 6 ,000%Shares                  Common%Stock:%% 2 5 0,000%Shares                                                                %
                             AU DENSTAR LIM ITED                                                                         NEWHOU SE CAP ITAL               Common%Stock:% 2 5 4 %Shares                                          % NW%L ife-100
                                                                                                                                                                                                                                                                                   NF S–100                                       NR S-100 %                                       NF SD I–100 %
                                    (AL)                       NATIONWIDE SEP AR ATE                                       P AR TNER S, LLC                                                                                                                      2+                                               %(5                                               $=                                             '(
94.1




                                                                  ACCOU NTS, LLC                                                                          %                 %
                                                                                                                  NWD %Invest%–19                         NB H H %–100 %
                                                                                                                  Casu alty–7 0                                                         2+                                          NATIONWIDE INV ESTM ENT
                                                             NSA –100                                                                                                                                                                                                                       NATIONWIDE F U ND                                                                             NATIONWIDE F U ND
                                                                                                                  F ire–10                                                                                                          SER V ICES COR P OR ATION                                                                       NATIONWIDE R ETIR EM ENT
                          NWD %M anag e%–%100                                               '(                                                 '(                                                                                                                                              ADV ISOR S                         SOLU TIONS, INS. AGENCY , INC.                          DISTR IBU TOR S LLC
                                                     *%
                                                                                                                                                                                                                                                                                                                                  Common%Stock:%         1,000%Shares              Common%Stock:%% 10,000%Shares
                                                                                                                                                             GATESM CDONALD &                                                   % Common%Stock:%% 5 ,000%Shares                  % Common%Stock:%% 2 5 0,000%Shares
                                                                                                                                                                                                                                                                                                                                  %                 %                              %
                        R IV ER V IEW INTER NATIONAL                                                                                                     COM P ANY OF NEW Y OR K , INC.                                         % NW%L ife-100                                   % D E L A WA R E %B U SINE SS%T R U ST
                                                                                                                                                                                                                                                                 2.                                                               NR S-100 %
                                   GR OU P , INC.               NATIONWIDE EM ER GING
                                                                                                                                                          Common%Stock:%        3 %Shares
                                                                                                                                                                                                                                                                                                                    '(                                              0$             NF SD I–100 %
                                                                                                                                                                                                                                                                                                                                                                                                                   '(
                                                                   M ANAGER S, LLC
                                       (R IG)                                                                                                             %                     %
                                                                        (NEM )                                                                                                                                                      NATIONWIDE F INANCIAL
                                                                                                                                                          G ates–100 %                                                                                                             R EGISTER ED INV ESTM ENT
                                                                                                                                                                                        1<                                              ASSIGNM ENT                                ADV ISOR S SER V ICES, INC.                                                                      NATIONWIDE F INANCIAL
                          NWD %M anag e%–%7 9 %              %NSA –100                                                                                                                                                                    COM P ANY                                                                               NATIONWIDE R ETIR EM ENT                        INSTITU TION DISTR IBU TOR S
                          A L %–%2 1                 '(                                        '(                                                                                                                                                                                  %                                              SOLU TIONS, INC. OF OHIO                           AGENCY , INC. (NF IDAI)
                                                                                                                                                                                                                                % Common%Stock:%%        100%Shares                %                         %
                                                                                                                                                              GATESM CDONALD                                                                                                       NF S-100 %
                                                                                                                                                                                                                                                                                                                   7;                                                             Common%Stock:%%% 1,000%Shares%
                                                                                                                                                              HEALTH P LU S, INC.                                               % NW%L ife-100 %                 2+                                                               Common%Stock:%            100%Shares
                                                              NWD ASSET M ANAGEM ENT                                                                      Common%Stock:%                                                                                                                                                                                          2+            %%%%NF SD I-100                    '(
                                                                  HOLDINGS, INC.                                                                          2 00%Shares
                                                                     (NAM HI)                                                                                                                                                      NATIONWIDE COM M U NITY                              NATIONWIDE BANK
                                                                                                                                                          %                     %                                                  DEV ELOP M ENT COR P ., LLC                                                                                                                                 NATIONWIDE
                                                                                                                                                          G ates–100 %                  2+                                                                                        Common%Stock:%%%       2 ,8 00,000%Shares
                                                              NSA –100                                                                                                                                                                                                                                                            NATIONWIDE R ETIR EM ENT                                   SECU R ITIES, LLC
                                                                                            '(                                                                                                                                   % U nits:%%                                      %                                           %   SOLU TIONS, INC. OF TEX AS
                                                                                                                                                                                                                                 % NW%L ife-6 7                                   %%%%%NF S-100 %
                                                                                                                                                                                                                                 % NW%Ind emnity-3 3 %           2+                                              )('
                                                                                                                                                                                                                                                                                                                                  Common%Stock:%         1,000%Shares           % NF SD I%-%100                    '(
                                NATIONWIDE GLOBAL                                                                                                                                                                                                                                   NATIONWIDE F INANCIAL                                                           7;
                                  V ENTU R ES, INC.                  NWD M GT LLC                                                                                                                                                    NATIONWIDE INV ESTM ENT                       STR U CTU R ED P R ODU CTS,                                                                              1 7 1 7 BR OK ER AGE
                                       (NGV )                          (NWDM GT)                                                                                                                                                         ADV ISOR S, LLC                                       LLC                                                                                            SER V ICES, INC.
                                                                                                                                                                                                                                                                                                                                                                                                     (BSI)
                                                              NA M H I%-%100
                           NA M H I–100 %             '(                                                                                                                                                                                                                                                                                                                          Common%Stock:%          1,000%Shares
                                                                                            '(                                                                                                                                   % NW%L ife-100                                    NF S-100 %                      2+
                                                                                                                                                                                                                                                                 2+                                                                                                             % NF SD I%-%100                    3$
                                 NEWHOU SE CAP ITAL              NATIONWIDE GLOBAL                                                                                                                                                                                                P ENSION ASSOCIATES, INC.
                                  P AR TNER S II, LLC                  F U NDS                                                                                                                                                                                                     Common%Stock:% 1,000%Shares
                                                                                                                                                                                                                                                                                   %                     %
                                                                 L U X E M B O U R G %SICA V                                                                                                                                                                                       NF S-100 %
                           NG V –9 9                    '(                                                                                                                                                                                                                                                         :,
                                                                                         /8;



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                                                                                                                                                                                                                                                                                                                                                                                                                                            % % Solid %L ine
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                                                                                                                                                                                     5H[PVU^PKL *VYW Z\IZPKPHYPLZ                                                                                                                                                                                          D ecemb er%3 1,%2 009 %               P ag e%2
ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                    94.2
              ANNUAL STATEMENT FOR THE YEAR 2009 OF THE NATIONWIDE MUTUAL INSURANCE COMPANY
                                                    OVERFLOW PAGE FOR WRITE-INS
Additional Write-ins for Assets Line 23
                                                                                                                     Current Year                                             Prior Year
                                                                                                  1                       2                       3                                4
                                                                                                                                         Net Admitted Assets                 Net Admitted
                                                                                                Assets           Nonadmitted Assets          (Cols. 1 - 2)                     Assets
2304.
2305.
2306.
2307.                           !                  "#                                                        $                                                    $
2397.     Summary of remaining write-ins for Line 23 from overflow page                                  $                                                       $

Additional Write-ins for Liabilities Line 23
                                                                                                                                                     1                              2
                                                                                                                                                Current Year                   Prior Year
2304.     %               #                                                                                                                                           $                            $
2305.      &' (                               #
2306.     &    " )                            *
2307.       )       "                                                                                                                                                                          $
2308.       "         *#
2309.                  !                      *#                                                                                                                                           $
2310.     +    #                         *#                                                                                                                      $                     $
2311.     '       ,      *#
2312.          -   #                                                                                                                                     $$$
2397.     Summary of remaining write-ins for Line 23 from overflow page                                                                                                                    $

Additional Write-ins for Statement of Income Line 37
                                                                                                                                                     1                              2
                                                                                                                                                Current Year                   Prior Year
3704.        .'      /.                                                                                                                             0    $            1                $
3797.     Summary of remaining write-ins for Line 37 from overflow page                                                                             0    $            1                $

Additional Write-ins for Underwriting and Investment Exhibit Part 3 Line 24
                                                                                                  1                        2                         3                             4

                                                                                           Loss Adjustment        Other Underwriting            Investment
                                                                                              Expenses                Expenses                   Expenses                        Total
2404.     +. # *          ,
2497.     Summary of remaining write-ins for Line 24 from overflow page


Additional Write-ins for Exhibit of Capital Gains and Losses Line 9
                                                                          1                       2                        3                         4                             5

                                                                                                                    Total Realized            Change in                   Change in Unrealized
                                                               Realized Gain (Loss)        Other Realized         Capital Gain (Loss)        Unrealized                    Foreign Exchange
                                                               On Sales or Maturity         Adjustments            (Columns 1 + 2)        Capital Gain (Loss)              Capital Gain (Loss)
 0904. 2                                                                      $                                                  $
 0905. %3             4         )

 0997. Summary of remaining write-ins for Line 9 from
        overflow page                                                         $                                                  $

Additional Write-ins for Schedule E - Part 3 Line 58
                                                                                                                      Deposits For the
                                                                1                      2                        Benefit of All Policyholders            All Other Special Deposits
                                                                                                                    3                   4                   5                  6
                                                             Type of                                         Book/Adjusted                           Book/Adjusted
                          States, Etc.                       Deposit          Purpose of Deposit             Carrying Value        Fair Value        Carrying Value       Fair Value
 5804. 5*     (6 #            # % 78     !9        ! !
        :.                                                      B       &
 5805. 6 #    ' " %. #%78                     !9
           !!   ; 6 #                                           B       &                                                                                                                      $
 5897. Summary of remaining write-ins for Line 58 from
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                                                                                           97
                                               ALPHABETICAL INDEX
ANNUAL STATEMENT BLANK

   Assets                                                           2
   Cash Flow                                                        5
   Exhibit of Capital Gains (Losses)                                12
   Exhibit of Net Investment Income                                 12
   Exhibit of Nonadmitted Assets                                    13
   Exhibit of Premiums and Losses (State Page)                      19
   Five-Year Historical Data                                        17
   General Interrogatories                                          15
   Jurat Page                                                       1
   Liabilities, Surplus and Other Funds                             3
   Notes To Financial Statements                                    14
   Overflow Page For Write-ins                                      97
   Schedule A - Part 1                                              E01
   Schedule A - Part 2                                              E02
   Schedule A - Part 3                                              E03
   Schedule A - Verification Between Years                          SI02
   Schedule B - Part 1                                              E04
   Schedule B - Part 2                                              E05
   Schedule B - Part 3                                              E06
   Schedule B - Verification Between Years                          SI02
   Schedule BA - Part 1                                             E07
   Schedule BA - Part 2                                             E08
   Schedule BA - Part 3                                             E09
   Schedule BA - Verification Between Years                         SI03
   Schedule D - Part 1                                              E10
   Schedule D - Part 1A - Section 1                                 SI05
   Schedule D - Part 1A - Section 2                                 SI08
   Schedule D - Part 2 - Section 1                                  E11
   Schedule D - Part 2 - Section 2                                  E12
   Schedule D - Part 3                                              E13
   Schedule D - Part 4                                              E14
   Schedule D - Part 5                                              E15
   Schedule D - Part 6 - Section 1                                  E16
   Schedule D - Part 6 - Section 2                                  E16
   Schedule D - Summary By Country                                  SI04
   Schedule D - Verification Between Years                          SI03
   Schedule DA - Part 1                                             E17
   Schedule DA - Verification Between Years                         SI11
   Schedule DB - Part A - Section 1                                 E18
   Schedule DB - Part A - Section 2                                 E18
   Schedule DB - Part A - Section 3                                 E19
   Schedule DB - Part A - Verification Between Years                SI12
   Schedule DB - Part B - Section 1                                 E19
   Schedule DB - Part B - Section 2                                 E20
   Schedule DB - Part B - Section 3                                 E20
   Schedule DB - Part B - Verification Between Years                SI12
   Schedule DB - Part C - Section 1                                 E21
   Schedule DB - Part C - Section 2                                 E21
   Schedule DB - Part C - Section 3                                 E22
   Schedule DB - Part C - Verification Between Years                SI13
   Schedule DB - Part D - Section 1                                 E22
   Schedule DB - Part D - Section 2                                 E23
   Schedule DB - Part D - Section 3                                 E23
   Schedule DB - Part D - Verification Between Years                SI13
   Schedule DB - Part E - Section 1                                 E24
   Schedule DB - Part E - Verification                              SI13
   Schedule DB - Part F - Section 1                                 SI14
   Schedule DB - Part F - Section 2                                 SI15
   Schedule E - Part 1 - Cash                                       E25
   Schedule E - Part 2 - Cash Equivalents                           E26
   Schedule E - Part 3 - Special Deposits                           E27
   Schedule E - Verification Between Years                          SI16
   Schedule F - Part 1                                              20
   Schedule F - Part 2                                              21
   Schedule F - Part 3                                              22
   Schedule F - Part 4                                              23
   Schedule F - Part 5                                              24
   Schedule F - Part 6                                              25
   Schedule F - Part 7                                              26
   Schedule F - Part 8                                              27




                                                       Index 1
ANNUAL STATEMENT BLANK (Continued)

   Schedule H - Accident and Health Exhibit - Part 1                                                              28
   Schedule H - Part 2, Part 3 and 4                                                                              29
   Schedule H - Part 5 - Health Claims                                                                            30
   Schedule P - Part 1 - Analysis of Losses and Loss Expenses                                                     31
   Schedule P - Part 1A - Homeowners/Farmowners                                                                   33
   Schedule P - Part 1B - Private Passenger Auto Liability/Medical                                                34
   Schedule P - Part 1C - Commercial Auto/Truck Liability/Medical                                                 35
   Schedule P - Part 1D - Workers’ Compensation                                                                   36
   Schedule P - Part 1E - Commercial Multiple Peril                                                               37
   Schedule P - Part 1F - Section 1 - Medical Professional Liability - Occurrence                                 38
   Schedule P - Part 1F - Section 2 - Medical Professional Liability - Claims-Made                                39
   Schedule P - Part 1G - Special Liability (Ocean, Marine, Aircraft (All Perils), Boiler and Machinery)          40
   Schedule P - Part 1H - Section 1 - Other Liability-Occurrence                                                  41
   Schedule P - Part 1H - Section 2 - Other Liability - Claims-Made                                               42
   Schedule P - Part 1I - Special Property (Fire, Allied Lines, Inland Marine, Earthquake, Burglary & Theft)      43
   Schedule P - Part 1J - Auto Physical Damage                                                                    44
   Schedule P - Part 1K - Fidelity/Surety                                                                         45
   Schedule P - Part 1L - Other (Including Credit, Accident and Health)                                           46
   Schedule P - Part 1M - International                                                                           47
   Schedule P - Part 1N - Reinsurance                                                                             48
   Schedule P - Part 1O - Reinsurance                                                                             49
   Schedule P - Part 1P - Reinsurance                                                                             50
   Schedule P - Part 1R - Section 1 - Products Liability - Occurrence                                             51
   Schedule P - Part 1R - Section 2 - Products Liability - Claims - Made                                          52
   Schedule P - Part 1S - Financial Guaranty/Mortgage Guaranty                                                    53
   Schedule P - Part 1T - Warranty                                                                                54
   Schedule P - Part 2, Part 3 and Part 4 - Summary                                                               32
   Schedule P - Part 2A - Homeowners/Farmowners                                                                   55
   Schedule P - Part 2B - Private Passenger Auto Liability/Medical                                                55
   Schedule P - Part 2C - Commercial Auto/Truck Liability/Medical                                                 55
   Schedule P - Part 2D - Workers’ Compensation                                                                   55
   Schedule P - Part 2E - Commercial Multiple Peril                                                               55
   Schedule P - Part 2F - Section 1 - Medical Professional Liability - Occurrence                                 56
   Schedule P - Part 2F - Section 2 - Medical Professional Liability - Claims - Made                              56
   Schedule P - Part 2G - Special Liability (Ocean Marine, Aircraft (All Perils), Boiler and Machinery)           56
   Schedule P - Part 2H - Section 1 - Other Liability - Occurrence                                                56
   Schedule P - Part 2H - Section 2 - Other Liability - Claims - Made                                             56
   Schedule P - Part 2I - Special Property (Fire, Allied Lines, Inland Marine, Earthquake, Burglary, and Theft)   57
   Schedule P - Part 2J - Auto Physical Damage                                                                    57
   Schedule P - Part 2K - Fidelity, Surety                                                                        57
   Schedule P - Part 2L - Other (Including Credit, Accident and Health)                                           57
   Schedule P - Part 2M - International                                                                           57
   Schedule P - Part 2N - Reinsurance                                                                             58
   Schedule P - Part 2O - Reinsurance                                                                             58
   Schedule P - Part 2P - Reinsurance                                                                             58
   Schedule P - Part 2R - Section 1 - Products Liability - Occurrence                                             59
   Schedule P - Part 2R - Section 2 - Products Liability - Claims-Made                                            59
   Schedule P - Part 2S - Financial Guaranty/Mortgage Guaranty                                                    59
   Schedule P - Part 2T - Warranty                                                                                59
   Schedule P - Part 3A - Homeowners/Farmowners                                                                   60
   Schedule P - Part 3B - Private Passenger Auto Liability/Medical                                                60
   Schedule P - Part 3C - Commercial Auto/Truck Liability/Medical                                                 60
   Schedule P - Part 3D - Workers’ Compensation                                                                   60
   Schedule P - Part 3E - Commercial Multiple Peril                                                               60
   Schedule P - Part 3F - Section 1 - Medical Professional Liability - Occurrence                                 61
   Schedule P - Part 3F - Section 2 - Medical Professional Liability - Claims-Made                                61
   Schedule P - Part 3G - Special Liability (Ocean Marine, Aircraft (All Perils), Boiler and Machinery)           61
   Schedule P - Part 3H - Section 1 - Other Liability - Occurrence                                                61
   Schedule P - Part 3H - Section 2 - Other Liability - Claims-Made                                               61
   Schedule P - Part 3I - Special Property (Fire, Allied Lines, Inland Marine, Earthquake, Burglary, and Theft)   62
   Schedule P - Part 3J - Auto Physical Damage                                                                    62
   Schedule P - Part 3K - Fidelity/Surety                                                                         62
   Schedule P - Part 3L - Other (Including Credit, Accident and Health)                                           62
   Schedule P - Part 3M - International                                                                           62
   Schedule P - Part 3N - Reinsurance                                                                             63
   Schedule P - Part 3O - Reinsurance                                                                             63
   Schedule P - Part 3P - Reinsurance                                                                             63
   Schedule P - Part 3R - Section 1 - Products Liability - Occurrence                                             64
   Schedule P - Part 3R - Section 2 - Products Liability - Claims-Made                                            64
   Schedule P - Part 3S - Financial Guaranty/Mortgage Guaranty                                                    64
   Schedule P - Part 3T - Warranty                                                                                64




                                                              Index 1.1
ANNUAL STATEMENT BLANK (Continued)

   Schedule P - Part 4A - Homeowners/Farmowners                                                                  65
   Schedule P - Part 4B - Private Passenger Auto Liability/Medical                                               65
   Schedule P - Part 4C - Commercial Auto/Truck Liability/Medical                                                65
   Schedule P - Part 4D - Workers’ Compensation                                                                  65
   Schedule P - Part 4E - Commercial Multiple Peril                                                              65
   Schedule P - Part 4F - Section 1 - Medical Professional Liability - Occurrence                                66
   Schedule P - Part 4F - Section 2 - Medical Professional Liability - Claims-Made                               66
   Schedule P - Part 4G - Special Liability (Ocean Marine, Aircraft (All Perils), Boiler and Machinery)          66
   Schedule P - Part 4H - Section 1 - Other Liability - Occurrence                                               66
   Schedule P - Part 4H - Section 2 - Other Liability - Claims-Made                                              66
   Schedule P - Part 4I - Special Property (Fire, Allied Lines, Inland Marine, Earthquake, Burglary and Theft)   67
   Schedule P - Part 4J - Auto Physical Damage                                                                   67
   Schedule P - Part 4K - Fidelity/Surety                                                                        67
   Schedule P - Part 4L - Other (Including Credit, Accident and Health)                                          67
   Schedule P - Part 4M - International                                                                          67
   Schedule P - Part 4N - Reinsurance                                                                            68
   Schedule P - Part 4O - Reinsurance                                                                            68
   Schedule P - Part 4P - Reinsurance                                                                            68
   Schedule P - Part 4R - Section 1 - Products Liability - Occurrence                                            69
   Schedule P - Part 4R - Section 2 - Products Liability - Claims-Made                                           69
   Schedule P - Part 4S - Financial Guaranty/Mortgage Guaranty                                                   69
   Schedule P - Part 4T - Warranty                                                                               69
   Schedule P - Part 5A - Homeowners/Farmowners                                                                  70
   Schedule P - Part 5B - Private Passenger Auto Liability/Medical                                               71
   Schedule P - Part 5C - Commercial Auto/Truck Liability/Medical                                                72
   Schedule P - Part 5D - Workers’ Compensation                                                                  73
   Schedule P - Part 5E - Commercial Multiple Peril                                                              74
   Schedule P - Part 5F - Medical Professional Liability - Claims-Made                                           76
   Schedule P - Part 5F - Medical Professional Liability - Occurrence                                            75
   Schedule P - Part 5H - Other Liability - Claims-Made                                                          78
   Schedule P - Part 5H - Other Liability - Occurrence                                                           77
   Schedule P - Part 5R - Products Liability - Claims-Made                                                       80
   Schedule P - Part 5R - Products Liability - Occurrence                                                        79
   Schedule P - Part 5T - Warranty                                                                               81
   Schedule P - Part 6C - Commercial Auto/Truck Liability/Medical                                                82
   Schedule P - Part 6D - Workers’ Compensation                                                                  82
   Schedule P - Part 6E - Commercial Multiple Peril                                                              83
   Schedule P - Part 6H - Other Liability - Claims-Made                                                          84
   Schedule P - Part 6H - Other Liability - Occurrence                                                           83
   Schedule P - Part 6M - International                                                                          84
   Schedule P - Part 6N - Reinsurance                                                                            85
   Schedule P - Part 6O - Reinsurance                                                                            85
   Schedule P - Part 6R - Products Liability - Claims-Made                                                       86
   Schedule P - Part 6R - Products Liability - Occurrence                                                        86
   Schedule P - Part 7A - Primary Loss Sensitive Contracts                                                       87
   Schedule P - Part 7B - Reinsurance Loss Sensitive Contracts                                                   89
   Schedule P Interrogatories                                                                                    91
   Schedule T - Exhibit of Premiums Written                                                                      92
   Schedule T - Part 2 - Interstate Compact                                                                      93
   Schedule Y - Information Concerning Activities of Insurer Members of a Holding Company Group                  94
   Schedule Y - Part 2 - Summary of Insurer’s Transactions With Any Affiliates                                   95
   Statement of Income                                                                                           4
   Summary Investment Schedule                                                                                   SI01
   Supplemental Exhibits and Schedules Interrogatories                                                           96
   Underwriting and Investment Exhibit Part 1                                                                    6
   Underwriting and Investment Exhibit Part 1A                                                                   7
   Underwriting and Investment Exhibit Part 1B                                                                   8
   Underwriting and Investment Exhibit Part 2                                                                    9
   Underwriting and Investment Exhibit Part 2A                                                                   10
   Underwriting and Investment Exhibit Part 3                                                                    11




                                                              Index 1.2

				
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