NW Variable Account - 4 (811-05701)

NATIONWIDE

VARIABLE

ACCOUNT-4

Annual Report

Contract Owners

December 31, 2023

LOGO

NATIONWIDE LIFE INSURANCE COMPANY

HOME OFFICE: COLUMBUS, OHIO



		KPMG LLP
		Suite 500 191 West Nationwide Blvd.
		Columbus, OH 43215-2568

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Nationwide Life Insurance Company and

Contract Owners of Nationwide Variable Account 4:

Opinion on the Financial Statements

We have audited the accompanying statement of assets, liabilities and contract owners’ equity of the sub-accounts listed in the Appendix that comprise the Nationwide Variable Account 4 (the Separate Account), as of the date listed in the Appendix, the related statements of operations for the year or period listed in the Appendix and changes in contract owners’ equity for the years or periods listed in the Appendix, and the related notes including the financial highlights in Note 6 (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of each sub-account as of the date listed in the Appendix, the results of its operations for the year or period listed in the Appendix, the changes in its contract owners’ equity for the years or periods listed in the Appendix, and the financial highlights for each of the years or periods indicated in Note 6, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

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

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Such procedures also included confirmation of securities owned as of December 31, 2023, by correspondence with the transfer agent of the underlying mutual funds or by other appropriate auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have not been able to determine the specific year that we began serving as the auditor of one or more Nationwide Life Insurance Company separate account investment companies, however we are aware that we have served as the auditor of one or more Nationwide Life Insurance Company separate account investment companies since at least 1981.

Columbus, Ohio

April 1, 2024

KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with

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

Appendix

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for each of the years in the two-year period then ended.

AB FUNDS

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Balanced Hedged Allocation Portfolio: Class B (ALVBWB)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Relative Value Portfolio: Class A (ALVGIA)¹

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

ALGER AMERICAN FUNDS

Alger Capital Appreciation Portfolio - Class I2 Shares (ALCAI2)

ALLSPRING GLOBAL INVESTMENTS

Allspring Variable Trust - VT Small Cap Growth Fund: Class 1 (WFVSG1)

ALPS FUNDS

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

ALPS Variable Investment Trust - ALPS Global Opportunity Portfolio: Class III (ARLPE3)¹

AMERICAN CENTURY INVESTMENTS

American Century Variable Portfolios, Inc. - American Century VP Growth Fund: Class I (ACVGI)

American Century Variable Portfolios, Inc. - American Century VP International Fund: Class I (ACVI)

American Century Variable Portfolios, Inc. - American Century VP Disciplined Core Value Fund: Class I (ACVIG)

American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class I (ACVIP1)

American Century Variable Portfolios II, Inc. - American Century VP Inflation Protection Fund: Class II (ACVIP2)

American Century Variable Portfolios, Inc. - American Century VP Mid Cap Value Fund: Class II (ACVMV2)

American Century Variable Portfolios, Inc. - American Century VP Ultra(R) Fund: Class I (ACVU1)

American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class I (ACVV)

American Century Variable Portfolios, Inc. - American Century VP Value Fund: Class II (ACVV2)

AMERICAN FUNDS GROUP (THE)

American Funds Insurance Series(R) - U.S. Government Securities Fund: Class 1 (AFGC)

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

American Funds Insurance Series(R) - The Bond Fund of America: Class 1 (AMVBA1)

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

American Funds Insurance Series(R) - Capital Income Builder(R): Class 4 (AMVCB4)

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

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

American Funds Insurance Series(R) - International Growth & Income Fund: Class 1 (AMVIG1)

American Funds Insurance Series(R) - American Funds Mortgage Fund: Class 1 (AMVM1)¹

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

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

AMUNDI US

Pioneer Variable Contracts Trust - Pioneer High Yield VCT Portfolio: Class II (PIHYB2)

BLACKROCK FUNDS

BlackRock Variable Series Funds, Inc. - BlackRock 60/40 Target Allocation ETF V.I. Fund: Class III (BRVDA3)

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

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

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

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

BlackRock Variable Series Funds, Inc. - BlackRock Government Money Market V.I. Fund: Class I (BRVMMI)

BlackRock Variable Series Funds, Inc. - BlackRock Small Cap Index V.I. Fund: Class I (BRVSII)

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

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

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

BNY MELLON INVESTMENT MANAGEMENT

BNY Mellon Investment Portfolios - MidCap Stock Portfolio: Service Shares (DVMCSS)

CHARLES SCHWAB FUNDS

Schwab Annuity Portfolios - Schwab(R) S&P 500 Index Portfolio (SASP5I)

COLUMBIA FUNDS MANAGEMENT COMPANY

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

Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Disciplined Core Fund: Class 1 (CLVDC1)

Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Emerging Markets: Class 1 (CLVEM1)

Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - High Yield Bond Fund: Class 2 (CLVHY2)

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

Columbia Funds Variable Series Trust II - CTIVP(R) - Principal Blue Chip Growth Fund: Class 1 (CLVLG1)¹

Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Select Large Cap Value Fund: Class 1 (CLVLV1)

Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Partners Core Bond Fund: Class 1 (CLVPB1)

Columbia Funds Variable Series Trust II - CTIVP(R) - Victory Sycamore Established Value Fund: Class 1 (CLVSE1)

CREDIT SUISSE ASSET MANAGEMENT

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

Credit Suisse Trust - Commodity Return Strategy Portfolio: Class 2 (CSCRS2)

DELAWARE FUNDS BY MACQUARIE

Delaware VIP Trust - Delaware VIP Emerging Markets Series: Standard Class (DWVEMD)

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

DIMENSIONAL FUND ADVISORS INC.

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

EATON VANCE FUNDS

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

FEDERATED HERMES, INC.

Federated Hermes Insurance Series - Federated Hermes High Income Bond Fund II: Primary Shares (FHIB)

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

Federated Hermes Insurance Series - Federated Hermes Fund for U.S. Government Securities II (FVUS2)

FIDELITY INVESTMENTS

Fidelity Variable Insurance Products Fund - VIP Asset Manager Portfolio: Service Class 2 (FAM2)

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

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

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

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

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

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

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

Fidelity Variable Insurance Products - International Capital Appreciation Portfolio: Initial Class (FICAP)

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

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

Fidelity Variable Insurance Products Fund - VIP Index 500 Portfolio: Initial Class (FIP)

Fidelity Variable Insurance Products Fund - VIP Mid Cap Portfolio: Initial Class (FMCP)

Fidelity Variable Insurance Products Fund - VIP Government Money Market Portfolio: Initial Class (FMMP)

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

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

Fidelity Variable Insurance Products Fund - VIP International Index Portfolio: Initial Class (FVIII)

Fidelity Variable Insurance Products - Value Portfolio: Initial Class (FVP)

Fidelity Variable Insurance Products Fund - VIP Strategic Income Portfolio: Initial Class (FVSII)

Fidelity Variable Insurance Products Fund - VIP Strategic Income Portfolio: Service Class 2 (FVSIS2)

FIRST EAGLE

First Eagle Variable Funds - Overseas Variable Fund (FEOVF)

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

Franklin Templeton Variable Insurance Products Trust - Franklin Allocation VIP Fund: Class 2 (FTVFA2)

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

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

Franklin Templeton Variable Insurance Products Trust - Franklin Mutual Global Discovery VIP Fund: Class 2 (FTVMD2)

GOLDMAN SACHS ASSET MANAGEMENT GROUP

Goldman Sachs Variable Insurance Trust - Goldman Sachs Trend Driven Allocation Fund: Service Shares (GVGMNS)

Goldman Sachs Variable Insurance Trust - Goldman Sachs Multi-Strategy Alternatives Portfolio: Service Shares (GVMSAS)

GUGGENHEIM INVESTMENTS

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

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

Rydex Variable Trust - Biotechnology Fund (RBF)

Rydex Variable Trust - Banking Fund (RBKF)

Rydex Variable Trust - Basic Materials Fund (RBMF)

Rydex Variable Trust - Consumer Products Fund (RCPF)

Rydex Variable Trust - Electronics Fund (RELF)

Rydex Variable Trust - Energy Fund (RENF)

Rydex Variable Trust - Energy Services Fund (RESF)

Rydex Variable Trust - Financial Services Fund (RFSF)

Rydex Variable Trust - Health Care Fund (RHCF)

Rydex Variable Trust - High Yield Strategy Fund (RHYS)

Rydex Variable Trust - Internet Fund (RINF)

Rydex Variable Trust - Inverse Government Long Bond Strategy Fund (RJNF)

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

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

Rydex Variable Trust - Leisure Fund (RLF)

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

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

Rydex Variable Trust - Nova Fund (RNF)

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

Rydex Variable Trust - Precious Metals Fund (RPMF)

Rydex Variable Trust - Real Estate Fund (RREF)

Rydex Variable Trust - Retailing Fund (RRF)

Rydex Variable Trust - Guggenheim Long Short Equity Fund (RSRF)

Rydex Variable Trust - Technology Fund (RTEC)

Rydex Variable Trust - Telecommunications Fund (RTEL)

Rydex Variable Trust - S&P 500 2x Strategy Fund (RTF)

Rydex Variable Trust - Transportation Fund (RTRF)

Rydex Variable Trust - Inverse S&P 500 Strategy Fund (RUF)

Rydex Variable Trust - Government Long Bond 1.2x Strategy Fund (RUGB)

Rydex Variable Trust - Utilities Fund (RUTL)

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

Rydex Variable Trust - Commodities Strategy Fund (RVCMD)

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

Rydex Variable Trust - Inverse Dow 2x Strategy Fund (RVIDD)

Rydex Variable Trust - Inverse Mid-Cap Strategy Fund (RVIMC)

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

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

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

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

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

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

Rydex Variable Trust - Global Managed Futures Fund (RVMFU)

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

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

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

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

HARTFORD MUTUAL FUNDS (THE)

Hartford Series Fund, Inc. - Hartford Disciplined Equity HLS Fund: Class IA (HTDEIA)¹

Hartford Series Fund, Inc. - Hartford MidCap HLS Fund: Class IA (HTMCIA)¹

INVESCO INVESTMENTS

Invesco - Invesco V.I. EQV International Equity Fund: Series II Shares (AVIE2)

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

Invesco - Invesco V.I. Equally-Weighted S&P 500 Fund: Series II Shares (IVEW52)

Invesco - Invesco V.I. Equally-Weighted S&P 500 Fund: Series I Shares (IVEW5I)

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

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

Invesco Oppenheimer V.I. International Growth Fund: Series I (OVIG)

Invesco - Invesco V.I. Main Street Small Cap Fund: Series II (OVSCS)

IVY INVESTMENTS

Ivy Variable Insurance Portfolios - Delaware Ivy Asset Strategy: Class II (WRASP)

Ivy Variable Insurance Portfolios - Delaware Ivy Energy: Class II (WRENG)

JANUS HENDERSON INVESTORS

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

Janus Aspen Series - Janus Henderson Flexible Bond Portfolio: Service Shares (JAFBS)

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

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

LAZARD FUNDS

Lazard Retirement Series, Inc. - Lazard Retirement Emerging Markets Equity Portfolio: Investor Shares (LZREMI)

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

LEGG MASON

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Appreciation Portfolio: Class I (LPVAI)

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Aggressive Growth Portfolio: Class II (LPVCA2)

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

Legg Mason Partners Variable Equity Trust - ClearBridge Variable Mid Cap Portfolio: Class I (LPVCMI)

Legg Mason Partners Variable Income Trust - Western Asset Variable Global High Yield Bond Portfolio: Class II (LPWHY2)

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

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

LORD ABBETT FUNDS

Lord Abbett Series Fund, Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)

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

MAINSTAY FUNDS

MainStay VP Funds Trust - MainStay VP MacKay Convertible Portfolio: Service 2 Class (MNCPS2)

MainStay VP Funds Trust - MainStay VP MacKay High Yield Corporate Bond Portfolio: Initial Class (MNHCBI)

MainStay VP Funds Trust - MainStay VP Floating Rate Portfolio: Initial Class (MNVFRI)

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust III - MFS Global Real Estate Portfolio: Service Class (M3GRES)

MFS(R) Variable Insurance Trust - MFS Growth Series: Initial Class (MEGS)

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

MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Initial Class (MV3MVI)

MFS(R) Variable Insurance Trust III - MFS Mid Cap Value Portfolio: Service Class (MV3MVS)

MFS(R) Variable Insurance Trust II - MFS Blended Research(R) Core Equity Portfolio: Service Class (MVBRES)

MFS(R) Variable Insurance Trust - MFS Value Series: Initial Class (MVFIC)

MFS(R) Variable Insurance Trust II - MFS Global Tactical Allocation Portfolio: Service Class (MVGTAS)

MFS(R) Variable Insurance Trust II - MFS International Growth Portfolio: Initial Class (MVIGIC)

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

MFS(R) Variable Insurance Trust - MFS Investors Trust Series: Initial Class (MVITSI)

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

MFS(R) Variable Insurance Trust - MFS Utilities Series: Service Class (MVUSC)

MERGER FUNDS

The Merger Fund VL - The Merger Fund VL: Class I (MGRFV)¹

MORGAN STANLEY

Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Debt Portfolio: Class II (MSEMB)

Morgan Stanley Variable Insurance Fund, Inc. - Global Infrastructure Portfolio: Class II (MSGI2)

Morgan Stanley Variable Insurance Fund, Inc. - Growth Portfolio: Class II (MSVEG2)

Morgan Stanley Variable Insurance Fund, Inc. - Emerging Markets Equity Portfolio: Class I (MSVEM)

Morgan Stanley Variable Insurance Fund, Inc. - Global Strategist Portfolio: Class II (MSVGT2)

Morgan Stanley Variable Insurance Fund, Inc. - Global Real Estate Portfolio: Class II (VKVGR2)

NATIONWIDE FUNDS GROUP

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

Nationwide Variable Insurance Trust - NVIT BlackRock Equity Dividend Fund: Class II (EIF2)

Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class I (GBF)

Nationwide Variable Insurance Trust - NVIT Government Bond Fund: Class II (GBF2)

Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class I (GEM)

Nationwide Variable Insurance Trust - NVIT Emerging Markets Fund: Class II (GEM2)

Nationwide Variable Insurance Trust - NVIT American Funds Asset Allocation Fund: Class II (GVAAA2)

Nationwide Variable Insurance Trust - NVIT American Funds Bond Fund: Class II (GVABD2)

Nationwide Variable Insurance Trust - NVIT American Funds Global Growth Fund: Class II (GVAGG2)

Nationwide Variable Insurance Trust - NVIT American Funds Growth-Income Fund: Class II (GVAGI2)

Nationwide Variable Insurance Trust - NVIT American Funds Growth Fund: Class II (GVAGR2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Aggressive Fund: Class II (GVDMA)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderately Conservative Fund: Class II (GVDMC)

Nationwide Variable Insurance Trust - NVIT S&P 500 Index Fund: Class I (GVEX1)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Aggressive Fund: Class II (GVIDA)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Conservative Fund: Class II (GVIDC)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Moderate Fund: Class II (GVIDM)

Nationwide Variable Insurance Trust - NVIT Federated High Income Bond Fund: Class I (HIBF)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth Fund: Class II (IDPG2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Managed Growth & Income Fund: Class II (IDPGI2)

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

Nationwide Variable Insurance Trust - NVIT Amundi Multi Sector Bond Fund: Class I (MSBF)

Nationwide Variable Insurance Trust - NVIT Managed American Funds Asset Allocation Fund: Class II (NAMAA2)

Nationwide Variable Insurance Trust - NVIT Managed American Funds Growth-Income Fund: Class II (NAMGI2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth Fund: Class II (NCPG2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Managed Growth & Income Fund: Class II (NCPGI2)

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Mozaic(SM) Multi-Asset Fund: Class II (NJMMA2)

Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Equity Income: Class II (NVAMV2)

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

Nationwide Variable Insurance Trust - NVIT Bond Index Fund: Class I (NVBX)

Nationwide Variable Insurance Trust - NVIT Core Bond Fund: Class II (NVCBD2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Capital Appreciation Fund: Class II (NVCCA2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Conservative Fund: Class II (NVCCN2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Aggressive Fund: Class II (NVCMA2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderately Conservative Fund: Class II (NVCMC2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Moderate Fund: Class II (NVCMD2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Aggressive Fund: Class II (NVCRA2)

Nationwide Variable Insurance Trust - NVIT Blueprint(SM) Balanced Fund: Class II (NVCRB2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Balanced Fund: Class II (NVDBL2)

Nationwide Variable Insurance Trust - NVIT Investor Destinations Capital Appreciation Fund: Class II (NVDCA2)

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

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

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

Nationwide Variable Insurance Trust - NVIT International Index Fund: Class I (NVIX)

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

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

Nationwide Variable Insurance Trust - NVIT BlackRock Managed Global Allocation Fund: Class II (NVMGA2)

Nationwide Variable Insurance Trust - NVIT NS Partners International Focused Growth Fund: Class II (NVMIG6)

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class Z (NVMIVZ)

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Growth Fund: Class II (NVMLG2)

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class II (NVMM2)

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

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

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

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Core Fund: Class I (NVNMO1)¹

Nationwide Variable Insurance Trust - NVIT Jacobs Levy Large Cap Core Fund: Class II (NVNMO2)¹

Nationwide Variable Insurance Trust - NVIT Calvert Equity Fund: Class II (NVNSR2)¹

Nationwide Variable Insurance Trust - NVIT BNY Mellon Dynamic U.S. Core Fund: Class II (NVOLG2)

Nationwide Variable Insurance Trust - NVIT Real Estate Fund: Class II (NVRE2)

Nationwide Variable Insurance Trust - NVIT Small Cap Index Fund: Class II (NVSIX2)

Nationwide Variable Insurance Trust - NVIT Loomis Short Term Bond Fund: Class II (NVSTB2)¹

Nationwide Variable Insurance Trust - NVIT Columbia Overseas Value Fund: Class I (NVTIV3)

Nationwide Variable Insurance Trust - NVIT Government Money Market Fund: Class I (SAM)

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

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Company Fund: Class II (SCF2)

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

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Growth Fund: Class II (SCGF2)

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

Nationwide Variable Insurance Trust - NVIT Multi-Manager Small Cap Value Fund: Class II (SCVF2)

Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class I (TRF)

Nationwide Variable Insurance Trust - NVIT AQR Large Cap Defensive Style Fund: Class II (TRF2)

NEUBERGER & BERMAN MANAGEMENT, INC.

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

Neuberger Berman Advisers Management Trust - U.S. Equity Index PutWrite Strategy Portfolio: Class S Shares (NBARMS)¹

NORTHERN LIGHTS

Northern Lights Variable Trust - BTS Tactical Fixed Income VIT Fund: Class 2 (NOTBBA)

PGIM INVESTMENTS

Prudential Series Fund - PSF PGIM High Yield Bond Portfolio: Class I (PSHYBI)

PIMCO FUNDS

PIMCO Variable Insurance Trust - Dynamic Bond Portfolio: Advisor Class (PMUBA)

PIMCO Variable Insurance Trust - All Asset Portfolio: Advisor Class (PMVAAD)

PIMCO Variable Insurance Trust - Emerging Markets Bond Portfolio: Advisor Class (PMVEBD)

PIMCO Variable Insurance Trust - International Bond Portfolio (unhedged): Advisor Class (PMVFAD)

PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Institutional Class (PMVFHI)

PIMCO Variable Insurance Trust - International Bond Portfolio (U.S. Dollar-Hedged): Advisor Class (PMVFHV)

PIMCO Variable Insurance Trust - Global Bond Opportunities Portfolio (Unhedged): Advisor Class (PMVGBD)

PIMCO Variable Insurance Trust - High Yield Portfolio: Advisor Class (PMVHYD)

PIMCO Variable Insurance Trust - High Yield Portfolio: Institutional Class (PMVHYI)

PIMCO Variable Insurance Trust - Income Portfolio: Institutional Class (PMVII)

PIMCO Variable Insurance Trust - Income Portfolio: Advisor Class (PMVIV)

PIMCO Variable Insurance Trust - Low Duration Portfolio: Advisor Class (PMVLAD)

PIMCO Variable Insurance Trust - Low Duration Portfolio: Institutional Class (PMVLDI)

PIMCO Variable Insurance Trust - Real Return Portfolio: Institutional Class (PMVRI)

PIMCO Variable Insurance Trust - CommodityRealReturn(R) Strategy Portfolio: Advisor Class (PMVRSD)

PIMCO Variable Insurance Trust - CommodityRealReturn(R) Strategy Portfolio: Institutional Class (PMVRSI)

PIMCO Variable Insurance Trust - Short-Term Portfolio: Advisor Class (PMVSTA)

PIMCO Variable Insurance Trust - Short-Term Portfolio: Institutional Class (PMVSTI)

PIMCO Variable Insurance Trust - Total Return Portfolio: Institutional Class (PMVTRI)

PRINCIPAL INVESTORS

Principal Variable Contracts Funds, Inc. - MidCap Account: Class 1 (PNVMC1)

ProFunds

ProFund VP Asia 30 (PROA30)

ProFund Access VP High Yield Fund (PROAHY)

ProFund VP Biotechnology (PROBIO)

ProFund VP Bull (PROBL)

ProFund VP Materials (PROBM)¹

ProFund VP Banks (PROBNK)

ProFund VP Bear (PROBR)

ProFund VP Consumer Staples (PROCG)¹

ProFund VP Consumer Discretionary (PROCS)¹

ProFund VP Europe 30 (PROE30)

ProFund VP Emerging Markets (PROEM)

ProFund VP Financials (PROFIN)

ProFund VP U.S. Government Plus (PROGVP)

ProFund VP Health Care (PROHC)

ProFund VP Industrials (PROIND)

ProFund VP International (PROINT)

ProFund VP Japan (PROJP)

ProFund VP NASDAQ-100 (PRON)

ProFund VP Internet (PRONET)

ProFund VP Energy (PROOG)¹

ProFund VP Pharmaceuticals (PROPHR)

ProFund VP Precious Metals (PROPM)

ProFund VP Real Estate (PRORE)

ProFund VP Rising Rates Opportunity (PRORRO)

ProFund VP Semiconductor (PROSCN)

ProFund VP Short Emerging Markets (PROSEM)

ProFund VP Short International (PROSIN)

ProFund VP Short NASDAQ-100 (PROSN)

ProFund VP Technology (PROTEC)

ProFund VP Communication Services (PROTEL)¹

ProFund VP UltraNASDAQ-100 (PROUN)

ProFund VP UltraShort NASDAQ-100 (PROUSN)

ProFund VP Utilities (PROUTL)

PUTNAM INVESTMENTS

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

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

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

Putnam Variable Trust - Putnam VT International Equity Fund: Class IB (PVTIGB)

T. ROWE PRICE

T. Rowe Price Equity Series, Inc. - T. Rowe Price Blue Chip Growth Portfolio (TRBCGP)

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

T. Rowe Price Fixed Income Series, Inc. - T. Rowe Price Limited-Term Bond Portfolio (TRLT1)

VAN ECK ASSOCIATES CORPORATION

VanEck VIP Trust - VanEck VIP Emerging Markets Fund: Class S (VEEMS)

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

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

VanEck VIP Trust - VanEck VIP Global Resources Fund: Class S (VWHAS)

VANGUARD GROUP OF INVESTMENT COMPANIES

Vanguard Variable Insurance Fund - Equity Income Portfolio (VVEI)

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

Vanguard Variable Insurance Fund - International Portfolio (VVI)

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

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

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

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

VIRTUS MUTUAL FUNDS

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

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from January 18, 2022 (inception) to December 31, 2022.

FIDELITY INVESTMENTS

Fidelity Variable Insurance Products Fund - VIP Equity-Income Portfolio: Initial Class (FEIP)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from February 9, 2022 (inception) to December 31, 2022.

INVESCO INVESTMENTS

Invesco - Invesco V.I. Main Street Small Cap Fund: Series I (OVSC)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from February 15, 2022 (inception) to December 31, 2022.

PRINCIPAL INVESTORS

Principal Variable Contracts Funds, Inc. - Core Plus Bond Account: Class 1 (PNVCB1)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from February 16, 2022 (inception) to December 31, 2022.

ALGER AMERICAN FUNDS

Alger Small Cap Growth Portfolio: Class I-2 Shares (AASCO)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from March 11, 2022 (inception) to December 31, 2022.

AB FUNDS

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Discovery Value Portfolio: Class A (ALVSVA)¹

BNY MELLON INVESTMENT MANAGEMENT

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

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from March 21, 2022 (inception) to December 31, 2022.

COLUMBIA FUNDS MANAGEMENT COMPANY

Columbia Funds Variable Series Trust II - CTIVP(R) - American Century Diversified Bond Fund: Class 1 (CLVAB1)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from March 24, 2022 (inception) to December 31, 2022.

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust II - MFS Research International Portfolio: Initial Class (MV2RII)

PRINCIPAL INVESTORS

Principal Variable Contracts Funds, Inc. - Short-Term Income Account: Class 1 (PNVST1)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from March 30, 2022 (inception) to December 31, 2022.

AMUNDI US

Pioneer Variable Contracts Trust - Pioneer Fund VCT Portfolio: Class I (PIVFI)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from April 6, 2022 (inception) to December 31, 2022.

PRINCIPAL INVESTORS

Principal Variable Contracts Funds, Inc. - Diversified International Account: Class 1 (PNVDI1)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from April 21, 2022 (inception) to December 31, 2022.

COLUMBIA FUNDS MANAGEMENT COMPANY

Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Intermediate Bond Fund: Class 1 (CLVIB1)

Columbia Funds Variable Series Trust II - CTIVP(R) - TCW Core Plus Bond Fund: Class 1 (CLVTB1)

BNY MELLON INVESTMENT MANAGEMENT

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

MASSACHUSETTS FINANCIAL SERVICES CO.

MFS(R) Variable Insurance Trust II - MFS Corporate Bond Portfolio: Initial Class (MV2CBI)

PRINCIPAL INVESTORS

Principal Variable Contracts Funds, Inc. - Principal Capital Appreciation Account: Class 1 (PNVCA1)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from May 16, 2022 (inception) to December 31, 2022.

FIDELITY INVESTMENTS

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

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from May 17, 2022 (inception) to December 31, 2022.

NATIONWIDE FUNDS GROUP

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

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Large Cap Growth Fund: Class Y (NLCGY)

Nationwide Variable Insurance Trust - NVIT J.P. Morgan US Technology Leaders Fund: Class Y (NUSTLY)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from May 18, 2022 (inception) to December 31, 2022.

NATIONWIDE FUNDS GROUP

Nationwide Variable Insurance Trust - NVIT J.P. Morgan Innovators Fund: Class Y (NIFY)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from June 9, 2022 (inception) to December 31, 2022.

DELAWARE FUNDS BY MACQUARIE

Delaware Variable Insurance Product Trust - Delaware VIP Small Cap Value Series: Standard Class (DWVSVT)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from June 16, 2022 (inception) to December 31, 2022.

COLUMBIA FUNDS MANAGEMENT COMPANY

Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - High Yield Bond Fund: Class 1 (CLVHY1)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from June 29, 2022 (inception) to December 31, 2022.

AMERICAN FUNDS GROUP (THE)

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

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from July 25, 2022 (inception) to December 31, 2022.

CALVERT GROUP

Calvert Variable Products, Inc. - Calvert VP Nasdaq 100 Index Portfolio: Class I (CVN1II)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from December 7, 2022 (inception) to December 31, 2022.

MAINSTAY FUNDS

MainStay VP Funds Trust - MainStay VP Winslow Large Cap Growth Portfolio: Initial Class (MNWLGI)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from December 23, 2022 (inception) to December 31, 2022.

PRINCIPAL INVESTORS

Principal Variable Contracts Funds, Inc. - SmallCap Account: Class 1 (PNVSC1)

VAN ECK ASSOCIATES CORPORATION

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

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, the related statement of operations for the year then ended, and the statements of changes in contract owners’ equity for the year ended December 31, 2023 and the period from December 30, 2022 (inception) to December 31, 2022.

PGIM INVESTMENTS

Prudential Series Fund - PSF PGIM Total Return Bond Portfolio: Class I (PSTRBI)

Statement of assets, liabilities and contract owners’ equity as of December 31, 2023, and the related statements of operations and changes in contract owners’ equity for the period from April 28, 2023 (inception) to December 31, 2023.

LINCOLN FUNDS

Lincoln Variable Insurance Products Trust - LVIP JPMorgan Core Bond Fund: Standard Class (LJPCBT)

Lincoln Variable Insurance Products Trust - LVIP JPMorgan Mid Cap Value Fund: Standard Class (LJPMVS)

Lincoln Variable Insurance Products Trust - LVIP JPMorgan Small Cap Core Fund: Standard Class (LJPSCS)

Lincoln Variable Insurance Products Trust - LVIP JPMorgan U.S. Equity Fund: Standard Class (LJPUES)

JANUS HENDERSON INVESTORS

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

T. ROWE PRICE

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

HARTFORD MUTUAL FUNDS (THE)

Hartford Series Fund, Inc. - Hartford International Opportunities HLS Fund: Class IA (HTIOIA)

MASSACHUSETTS FINANCIAL SERVICES CO.

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

MASSACHUSETTS FINANCIAL SERVICES CO.

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

FIDELITY INVESTMENTS

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

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

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

PUTNAM INVESTMENTS

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

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

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2023


Subaccount,*	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity		Accumulation Units		Contracts in Payout		Contract Owners’ Equity
ALVBWB		74,994	$	762,727	$	647,202	$	-	$	647,202	$	38	$	647,164	$	647,164	$	-	$	647,164
ALVGIA		24,581		681,431		725,129		-		725,129		2		725,127		725,127		-		725,127
ALVIVB		18,410		269,222		270,818		-		270,818		40		270,778		270,778		-		270,778
ALVSVA		3,688		61,853		65,314		-		65,314		4		65,310		65,310		-		65,310
AASCO		8,217		126,982		135,823		-		135,823		3		135,820		135,820		-		135,820
ALCAI2		1,453		99,817		113,644		-		113,644		2		113,642		113,642		-		113,642
WFVSG1		87,415		891,414		733,412		-		733,412		7		733,405		733,405		-		733,405
AAEIP3		397,199		4,034,313		4,297,689		-		4,297,689		195		4,297,494		4,297,494		-		4,297,494
ARLPE3		96,796		1,179,226		1,181,884		-		1,181,884		62		1,181,822		1,181,822		-		1,181,822
ACVGI		64,382		1,218,362		1,275,406		-		1,275,406		10		1,275,396		1,275,396		-		1,275,396
ACVI		17,469		195,020		184,826		-		184,826		4		184,822		184,822		-		184,822
ACVIG		970,570		8,990,516		7,444,269		-		7,444,269		200		7,444,069		7,444,069		-		7,444,069
ACVIP1		60,043		583,020		563,800		-		563,800		7		563,793		563,793		-		563,793
ACVIP2		1,503,828		14,972,854		14,090,873		-		14,090,873		304		14,090,569		14,090,569		-		14,090,569
ACVMV2		171,991		3,579,553		3,348,667		-		3,348,667		71		3,348,596		3,348,596		-		3,348,596
ACVU1		100,925		2,161,086		2,588,725		-		2,588,725		44		2,588,681		2,588,681		-		2,588,681
ACVV		735,435		8,599,119		8,964,952		-		8,964,952		195		8,964,757		8,964,757		-		8,964,757
ACVV2		228,469		2,826,365		2,789,603		-		2,789,603		61		2,789,542		2,789,542		-		2,789,542
AFGC		93,081		950,937		922,432		-		922,432		4		922,428		922,428		-		922,428
AFGF		31,693		2,658,971		3,151,557		-		3,151,557		7		3,151,550		3,151,550		-		3,151,550
AMVBA1		271,601		2,628,812		2,591,078		-		2,591,078		6		2,591,072		2,591,072		-		2,591,072
AMVBC4		3,047,851		45,353,737		42,852,788		-		42,852,788		173		42,852,615		42,852,615		-		42,852,615
AMVCB4		1,672,822		18,916,244		19,404,736		-		19,404,736		274		19,404,462		19,404,462		-		19,404,462
AMVGS4		349,355		7,013,634		6,099,735		-		6,099,735		228		6,099,507		6,099,507		-		6,099,507
AMVGV2		108,788		1,087,233		1,063,947		-		1,063,947		24		1,063,923		1,063,923		-		1,063,923
AMVI4		549,491		9,997,366		9,412,781		-		9,412,781		112		9,412,669		9,412,669		-		9,412,669
AMVIG1		1,455		13,687		14,691		-		14,691		3		14,688		14,688		-		14,688
AMVM1		62,307		606,734		588,177		-		588,177		6		588,171		588,171		-		588,171
AMVNW1		66,939		1,654,216		1,705,605		-		1,705,605		8		1,705,597		1,705,597		-		1,705,597
AMVNW4		705,679		17,721,634		17,606,702		-		17,606,702		122		17,606,580		17,606,580		-		17,606,580
PIHYB2		15,186		127,050		124,222		-		124,222		12		124,210		124,210		-		124,210
PIVFI		8,401		117,394		134,499		-		134,499		3		134,496		134,496		-		134,496
BRVDA3		199,343		2,645,457		2,621,359		-		2,621,359		76		2,621,283		2,621,283		-		2,621,283
BRVED3		566,857		6,573,436		6,008,681		-		6,008,681		159		6,008,522		6,008,522		-		6,008,522
BRVEDI		364,548		4,135,634		3,875,140		-		3,875,140		6		3,875,134		3,875,134		-		3,875,134
BRVHY3		2,338,769		16,529,450		15,997,183		79,723		16,076,906		-		16,076,906		16,076,906		-		16,076,906

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2023


Subaccount,*	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity		Accumulation Units		Contracts in Payout		Contract Owners’ Equity
BRVHYI		282,051		1,964,318		1,929,227		10,057		1,939,284		-		1,939,284		1,939,284		-		1,939,284
BRVMMI		687,598		687,598		687,598		-		687,598		13		687,585		687,585		-		687,585
BRVSII		203,809		2,332,175		2,309,158		-		2,309,158		8		2,309,150		2,309,150		-		2,309,150
BRVTR1		57,306		594,792		586,245		1,834		588,079		-		588,079		588,079		-		588,079
BRVTR3		1,082,994		11,936,794		10,938,243		31,881		10,970,124		-		10,970,124		10,970,124		-		10,970,124
MLVGA3		1,598,830		23,395,251		20,832,757		-		20,832,757		346		20,832,411		20,832,411		-		20,832,411
DCAP		757		24,739		26,499		-		26,499		5		26,494		26,494		-		26,494
DVMCSS		475,771		8,698,044		8,830,317		-		8,830,317		171		8,830,146		8,830,146		-		8,830,146
CVN1II		8,014		853,637		1,147,395		-		1,147,395		6		1,147,389		1,147,389		-		1,147,389
SASP5I		284,649		17,493,500		19,979,515		166		19,979,681		-		19,979,681		19,979,681		-		19,979,681
CLSCV1		17,851		209,182		231,711		-		231,711		7		231,704		231,704		-		231,704
CLVAB1		59,267		535,034		544,071		-		544,071		5		544,066		544,066		-		544,066
CLVEM1		46,293		527,115		455,522		-		455,522		7		455,515		455,515		-		455,515
CLVHY1		11,170		66,111		68,250		-		68,250		3		68,247		68,247		-		68,247
CLVHY2		639,450		3,708,961		3,855,882		-		3,855,882		128		3,855,754		3,855,754		-		3,855,754
CLVIB1		75,652		630,912		649,850		-		649,850		4		649,846		649,846		-		649,846
CLVLD1		20,821		193,108		197,382		-		197,382		3		197,379		197,379		-		197,379
CLVLG1		197		7,969		11,601		-		11,601		4		11,597		11,597		-		11,597
CLVLV1		27,239		981,941		1,054,405		-		1,054,405		6		1,054,399		1,054,399		-		1,054,399
CLVPB1		763		7,522		7,423		-		7,423		3		7,420		7,420		-		7,420
CLVSE1		6,031		253,066		278,583		-		278,583		4		278,579		278,579		-		278,579
CLVTB1		25,081		232,819		236,016		-		236,016		4		236,012		236,012		-		236,012
CSCRS		49,920		1,027,287		882,080		-		882,080		63		882,017		882,017		-		882,017
CSCRS2		25,655		595,079		455,630		-		455,630		7		455,623		455,623		-		455,623
DWVEMD		17,956		376,990		395,937		-		395,937		8		395,929		395,929		-		395,929
DWVSVS		230,235		8,767,269		8,781,165		-		8,781,165		127		8,781,038		8,781,038		-		8,781,038
DWVSVT		940		33,844		36,087		-		36,087		4		36,083		36,083		-		36,083
DFVIV		146,399		1,935,787		1,992,496		-		1,992,496		10		1,992,486		1,992,486		-		1,992,486
ETVFR		2,381,109		20,826,202		20,596,592		3,883		20,600,475		-		20,600,475		20,577,994		22,481		20,600,475
FHIB		148,555		817,223		840,823		-		840,823		6		840,817		840,817		-		840,817
FQB		22,081		216,903		223,897		-		223,897		5		223,892		223,892		-		223,892
FVUS2		177,366		1,812,215		1,658,372		-		1,658,372		40		1,658,332		1,658,332		-		1,658,332
FAM2		16,866		252,044		255,347		-		255,347		31		255,316		255,316		-		255,316
FB2		3,645,119		77,840,178		78,515,859		-		78,515,859		316		78,515,543		78,515,543		-		78,515,543
FC2		664,387		30,046,182		31,113,261		-		31,113,261		212		31,113,049		31,113,049		-		31,113,049
FEI2		310,059		7,372,405		7,413,499		-		7,413,499		211		7,413,288		7,413,288		-		7,413,288
FEIP		71,380		1,721,449		1,773,785		-		1,773,785		12		1,773,773		1,773,773		-		1,773,773

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2023


Subaccount,*	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity		Accumulation Units		Contracts in Payout		Contract Owners’ Equity
FEMS2		787,267		8,295,170		8,329,281		-		8,329,281		204		8,329,077		8,329,077		-		8,329,077
FG2		1,015,781		89,227,204		91,339,032		-		91,339,032		498		91,338,534		91,338,534		-		91,338,534
FGI2		881,224		21,459,255		23,017,576		470		23,018,046		-		23,018,046		23,010,583		7,463		23,018,046
FHI2		251,268		1,127,741		1,100,556		-		1,100,556		86		1,100,470		1,100,470		-		1,100,470
FICAP		45,624		880,148		967,236		-		967,236		5		967,231		967,231		-		967,231
FIGBP		355,367		3,912,524		3,969,454		-		3,969,454		3		3,969,451		3,969,451		-		3,969,451
FIGBP2		1,891,421		23,143,485		20,465,176		-		20,465,176		212		20,464,964		20,464,964		-		20,464,964
FIP		13,759		5,630,398		6,353,986		-		6,353,986		10		6,353,976		6,353,976		-		6,353,976
FMCP		21,685		740,269		790,215		-		790,215		6		790,209		790,209		-		790,209
FMMP		1,735,987		1,735,987		1,735,987		-		1,735,987		20		1,735,967		1,735,967		-		1,735,967
FNRS2		222,572		5,519,229		5,473,048		-		5,473,048		86		5,472,962		5,472,962		-		5,472,962
FRESS2		296,467		5,556,475		5,004,371		-		5,004,371		11		5,004,360		5,003,967		393		5,004,360
FVFRHI		68,401		687,293		673,745		-		673,745		3		673,742		673,742		-		673,742
FVIII		208,416		2,061,411		2,211,296		-		2,211,296		9		2,211,287		2,211,287		-		2,211,287
FVP		79,626		1,445,777		1,521,650		-		1,521,650		7		1,521,643		1,521,643		-		1,521,643
FVSII		58,622		608,664		614,360		-		614,360		5		614,355		614,355		-		614,355
FVSIS2		1,458,222		15,328,209		15,092,596		-		15,092,596		257		15,092,339		15,092,339		-		15,092,339
FVSS2		145,150		2,275,967		2,431,254		-		2,431,254		29		2,431,225		2,431,225		-		2,431,225
FEOVF		96,323		2,285,827		2,176,902		-		2,176,902		41		2,176,861		2,176,861		-		2,176,861
FTVFA2		468,876		2,372,975		2,297,491		-		2,297,491		103		2,297,388		2,297,388		-		2,297,388
FTVGI2		670,631		10,134,840		8,610,903		4,881		8,615,784		-		8,615,784		8,581,080		34,704		8,615,784
FTVIS2		1,312,045		20,488,702		18,631,034		-		18,631,034		290		18,630,744		18,630,744		-		18,630,744
FTVMD2		388,446		6,611,493		7,139,632		-		7,139,632		225		7,139,407		7,139,407		-		7,139,407
FTVUG2		25,263		250,391		261,723		-		261,723		2		261,721		261,721		-		261,721
GVGMNS		53,252		600,367		604,406		-		604,406		56		604,350		604,350		-		604,350
GVMSAS		219,031		1,988,693		1,947,183		-		1,947,183		66		1,947,117		1,947,117		-		1,947,117
GVFRB		199,705		4,802,823		5,060,523		-		5,060,523		165		5,060,358		5,060,358		-		5,060,358
RAF		8,328		150,760		143,236		-		143,236		48		143,188		143,188		-		143,188
RBF		45,962		3,926,818		3,808,901		-		3,808,901		203		3,808,698		3,808,698		-		3,808,698
RBKF		15,809		1,457,243		1,531,889		-		1,531,889		134		1,531,755		1,531,755		-		1,531,755
RBMF		19,459		1,947,224		1,976,061		-		1,976,061		139		1,975,922		1,975,922		-		1,975,922
RCPF		61,440		4,506,220		4,198,792		-		4,198,792		201		4,198,591		4,198,591		-		4,198,591
RELF		91,650		15,448,075		18,731,449		1,222,388		19,953,837		-		19,953,837		18,524,879		1,428,958		19,953,837
RENF		18,783		4,652,955		4,612,049		-		4,612,049		205		4,611,844		4,611,844		-		4,611,844
RESF		7,449		2,581,857		2,449,134		-		2,449,134		180		2,448,954		2,448,954		-		2,448,954
RFSF		64,519		6,336,237		6,168,030		-		6,168,030		266		6,167,764		6,167,764		-		6,167,764
RHCF		81,460		6,347,100		6,608,875		1,253,491		7,862,366		-		7,862,366		6,433,408		1,428,958		7,862,366

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2023


Subaccount,*	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity		Accumulation Units		Contracts in Payout		Contract Owners’ Equity
RHYS		4,230		308,190		333,348		-		333,348		37		333,311		333,311		-		333,311
RINF		36,767		3,392,666		3,123,332		-		3,123,332		156		3,123,176		3,123,176		-		3,123,176
RJNF		10,641		1,216,713		1,098,129		-		1,098,129		76		1,098,053		1,098,053		-		1,098,053
RLCE		4,869		588,166		634,868		-		634,868		74		634,794		634,794		-		634,794
RLCJ		6,007		407,554		468,822		-		468,822		73		468,749		468,749		-		468,749
RLF		24,631		3,069,420		2,663,069		-		2,663,069		145		2,662,924		2,662,924		-		2,662,924
RMED		11,793		2,340,018		2,437,143		-		2,437,143		98		2,437,045		2,437,045		-		2,437,045
RMEK		32,321		1,963,637		2,254,695		-		2,254,695		113		2,254,582		2,254,582		-		2,254,582
RNF		53,339		7,311,623		8,553,947		-		8,553,947		155		8,553,792		8,553,792		-		8,553,792
ROF		246,195		13,577,531		17,457,659		-		17,457,659		239		17,457,420		17,457,420		-		17,457,420
RPMF		147,493		5,480,829		5,567,874		-		5,567,874		207		5,567,667		5,567,667		-		5,567,667
RREF		53,133		1,657,104		1,931,903		-		1,931,903		168		1,931,735		1,931,735		-		1,931,735
RRF		12,089		1,382,175		1,354,796		-		1,354,796		102		1,354,694		1,354,694		-		1,354,694
RSRF		227,083		3,484,792		3,853,599		-		3,853,599		194		3,853,405		3,853,405		-		3,853,405
RTEC		52,815		9,313,902		9,462,795		-		9,462,795		223		9,462,572		9,462,572		-		9,462,572
RTEL		5,561		300,994		308,512		-		308,512		80		308,432		308,432		-		308,432
RTF		25,094		7,421,048		8,584,883		-		8,584,883		111		8,584,772		8,584,772		-		8,584,772
RTRF		23,359		2,160,984		2,074,704		-		2,074,704		142		2,074,562		2,074,562		-		2,074,562
RUF		15,291		495,803		459,184		-		459,184		66		459,118		459,118		-		459,118
RUGB		126,186		2,571,326		2,704,161		-		2,704,161		93		2,704,068		2,704,068		-		2,704,068
RUTL		73,499		2,542,127		2,327,705		-		2,327,705		139		2,327,566		2,327,566		-		2,327,566
RVARS		102,908		2,641,149		2,664,295		-		2,664,295		191		2,664,104		2,664,104		-		2,664,104
RVCMD		18,286		1,785,724		1,563,113		-		1,563,113		130		1,562,983		1,562,983		-		1,562,983
RVF		66,644		7,459,842		8,725,711		-		8,725,711		154		8,725,557		8,725,557		-		8,725,557
RVIDD		7,460		325,478		291,704		-		291,704		65		291,639		291,639		-		291,639
RVIMC		1,410		54,137		47,714		-		47,714		29		47,685		47,685		-		47,685
RVISC		7,742		286,762		242,933		-		242,933		64		242,869		242,869		-		242,869
RVLCG		202,829		10,325,078		8,983,286		-		8,983,286		234		8,983,052		8,983,052		-		8,983,052
RVLCV		168,412		8,954,471		9,313,182		-		9,313,182		232		9,312,950		9,312,950		-		9,312,950
RVLDD		35,350		5,724,827		6,802,395		-		6,802,395		116		6,802,279		6,802,279		-		6,802,279
RVMCG		127,328		3,929,352		4,187,815		-		4,187,815		232		4,187,583		4,187,583		-		4,187,583
RVMCV		90,296		3,794,903		4,596,062		-		4,596,062		217		4,595,845		4,595,845		-		4,595,845
RVMFU		127,403		2,325,446		2,187,517		3,187		2,190,704		-		2,190,704		2,178,392		12,312		2,190,704
RVSCG		62,720		2,793,622		3,063,877		-		3,063,877		180		3,063,697		3,063,697		-		3,063,697
RVSCV		30,760		2,238,653		2,514,039		-		2,514,039		173		2,513,866		2,513,866		-		2,513,866
RVSDL		8,074		388,804		368,008		-		368,008		75		367,933		367,933		-		367,933
RVWDL		4,167		177,113		184,318		-		184,318		37		184,281		184,281		-		184,281

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2023


Subaccount,*	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity		Accumulation Units		Contracts in Payout		Contract Owners’ Equity
HTDEIA		27,665		482,769		521,763		-		521,763		8		521,755		521,755		-		521,755
HTIOIA		390		5,783		5,900		-		5,900		2		5,898		5,898		-		5,898
HTMCIA		5,109		148,045		139,744		-		139,744		5		139,739		139,739		-		139,739
AVIE2		30,089		904,039		1,007,072		-		1,007,072		72		1,007,000		1,007,000		-		1,007,000
IVBRA2		422,321		3,961,798		3,581,284		-		3,581,284		170		3,581,114		3,581,114		-		3,581,114
IVEW52		629,020		16,650,074		15,832,438		-		15,832,438		115		15,832,323		15,832,323		-		15,832,323
IVEW5I		44,254		1,115,176		1,160,351		-		1,160,351		5		1,160,346		1,160,346		-		1,160,346
OVAG		12,912		912,458		811,017		-		811,017		10		811,007		811,007		-		811,007
OVGSS		419,173		16,066,451		14,880,644		-		14,880,644		258		14,880,386		14,880,386		-		14,880,386
OVIG		744,452		1,647,436		1,503,793		-		1,503,793		12		1,503,781		1,503,781		-		1,503,781
OVSC		9,383		230,207		252,489		-		252,489		5		252,484		252,484		-		252,484
OVSCS		447,135		11,490,005		11,759,653		683		11,760,336		-		11,760,336		11,752,385		7,951		11,760,336
WRASP		1,042,414		9,365,563		9,131,545		-		9,131,545		162		9,131,383		9,131,383		-		9,131,383
WRENG		224,464		977,807		1,144,767		-		1,144,767		59		1,144,708		1,144,708		-		1,144,708
JABS		669,368		29,895,498		32,163,110		-		32,163,110		119		32,162,991		32,162,991		-		32,162,991
JAFBS		435,241		5,512,924		4,857,292		-		4,857,292		91		4,857,201		4,857,201		-		4,857,201
JAGTS		2,176,646		32,053,785		34,956,929		-		34,956,929		196		34,956,733		34,956,733		-		34,956,733
JAIGS		10,237		389,761		410,306		-		410,306		2		410,304		410,304		-		410,304
JAMGS		309,805		22,326,547		21,181,399		-		21,181,399		148		21,181,251		21,181,251		-		21,181,251
LZREMI		16,410		319,191		337,884		-		337,884		7		337,877		337,877		-		337,877
LZREMS		146,516		2,890,595		3,051,919		-		3,051,919		198		3,051,721		3,051,721		-		3,051,721
LPVAI		5,235		276,457		303,762		-		303,762		7		303,755		303,755		-		303,755
LPVCA2		279,528		4,779,138		4,628,978		-		4,628,978		67		4,628,911		4,628,911		-		4,628,911
LPVCII		127,585		2,758,368		2,607,841		-		2,607,841		5		2,607,836		2,607,836		-		2,607,836
LPVCMI		10,073		212,992		229,863		-		229,863		5		229,858		229,858		-		229,858
LPWHY2		466,500		3,012,309		2,920,287		562		2,920,849		-		2,920,849		2,915,099		5,750		2,920,849
SBVI		78,258		1,583,369		1,659,851		-		1,659,851		9		1,659,842		1,659,842		-		1,659,842
SBVSG2		340,255		7,922,251		8,605,048		-		8,605,048		104		8,604,944		8,604,944		-		8,604,944
LJPCBT		854,904		8,366,975		8,442,172		-		8,442,172		8		8,442,164		8,442,164		-		8,442,164
LJPMVS		217,419		2,041,838		2,211,806		-		2,211,806		6		2,211,800		2,211,800		-		2,211,800
LJPSCS		47,964		855,705		952,042		-		952,042		8		952,034		952,034		-		952,034
LJPUES		131,999		4,396,113		4,966,599		-		4,966,599		7		4,966,592		4,966,592		-		4,966,592
LOVSDC		1,356,902		18,595,613		17,680,438		-		17,680,438		129		17,680,309		17,680,309		-		17,680,309
LOVTRC		616,785		9,531,439		8,758,346		-		8,758,346		191		8,758,155		8,758,155		-		8,758,155
MNCPS2		478,120		7,394,339		7,008,860		-		7,008,860		168		7,008,692		7,008,415		277		7,008,692
MNHCBI		221,098		1,949,295		2,006,490		-		2,006,490		6		2,006,484		2,006,484		-		2,006,484
MNVFRI		73,062		623,078		627,299		60		627,359		-		627,359		627,359		-		627,359

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2023


Subaccount,*	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity		Accumulation Units		Contracts in Payout		Contract Owners’ Equity
MNWLGI		2,256		47,852		58,879		-		58,879		2		58,877		58,877		-		58,877
M3GRES		37,623		702,617		599,340		-		599,340		34		599,306		599,306		-		599,306
MEGS		3,829		204,270		230,877		-		230,877		5		230,872		230,872		-		230,872
MMCGSC		57,483		399,781		426,523		-		426,523		5		426,518		426,518		-		426,518
MV2CBI		7,739		72,740		73,595		-		73,595		1		73,594		73,594		-		73,594
MV2RII		7,693		118,822		129,865		-		129,865		4		129,861		129,861		-		129,861
MV2RIS		79,038		1,254,081		1,314,394		-		1,314,394		58		1,314,336		1,314,336		-		1,314,336
MV3LMS		3,584		35,400		35,772		-		35,772		1		35,771		35,771		-		35,771
MV3MVI		26,875		256,786		264,179		-		264,179		7		264,172		264,172		-		264,172
MV3MVS		1,197,663		11,900,356		11,593,379		-		11,593,379		148		11,593,231		11,593,231		-		11,593,231
MVBRES		56,001		3,182,557		3,061,001		-		3,061,001		61		3,060,940		3,060,940		-		3,060,940
MVFIC		56,988		1,227,181		1,212,132		-		1,212,132		9		1,212,123		1,212,123		-		1,212,123
MVGTAS		57,383		781,965		765,486		-		765,486		94		765,392		765,392		-		765,392
MVIGIC		51,763		745,922		759,367		-		759,367		5		759,362		759,362		-		759,362
MVIGSC		300,357		4,176,360		4,334,149		-		4,334,149		73		4,334,076		4,334,076		-		4,334,076
MVITSI		969		32,784		34,891		-		34,891		3		34,888		34,888		-		34,888
MVIVSC		1,095,635		32,034,208		31,587,146		-		31,587,146		148		31,586,998		31,586,998		-		31,586,998
MVUSC		166,971		5,952,637		5,266,260		-		5,266,260		96		5,266,164		5,266,164		-		5,266,164
MGRFV		242,989		2,846,130		2,711,758		2,874		2,714,632		-		2,714,632		2,701,703		12,929		2,714,632
MSEMB		1,163,817		7,714,562		6,331,165		496		6,331,661		-		6,331,661		6,320,433		11,228		6,331,661
MSGI2		921,790		6,599,182		5,567,614		-		5,567,614		30		5,567,584		5,567,099		485		5,567,584
MSVEG2		1,955,865		16,396,435		19,812,917		-		19,812,917		145		19,812,772		19,812,772		-		19,812,772
MSVEM		29,052		395,241		374,777		-		374,777		7		374,770		374,770		-		374,770
MSVGT2		115,221		1,090,042		978,228		-		978,228		81		978,147		978,147		-		978,147
VKVGR2		1,097,791		9,820,137		8,277,342		1,253		8,278,595		-		8,278,595		8,263,337		15,258		8,278,595
DTRTFB		394,707		3,629,298		3,358,956		-		3,358,956		79		3,358,877		3,358,877		-		3,358,877
EIF2		586,298		12,254,381		11,280,373		-		11,280,373		102		11,280,271		11,280,271		-		11,280,271
GBF		269,795		2,702,372		2,554,959		-		2,554,959		140		2,554,819		2,554,819		-		2,554,819
GBF2		584,299		6,138,410		5,521,627		-		5,521,627		89		5,521,538		5,521,538		-		5,521,538
GEM		103,751		1,119,606		1,087,313		-		1,087,313		115		1,087,198		1,087,198		-		1,087,198
GEM2		776,107		10,234,865		8,001,663		571		8,002,234		-		8,002,234		7,998,484		3,750		8,002,234
GVAAA2		3,691,620		95,123,492		93,840,973		-		93,840,973		374		93,840,599		93,840,599		-		93,840,599
GVABD2		1,336,167		15,972,483		14,577,578		-		14,577,578		101		14,577,477		14,577,477		-		14,577,477
GVAGG2		873,871		29,242,203		30,699,084		-		30,699,084		99		30,698,985		30,698,985		-		30,698,985
GVAGI2		830,722		47,046,781		52,235,783		-		52,235,783		161		52,235,622		52,235,622		-		52,235,622
GVAGR2		695,529		75,823,892		75,270,196		-		75,270,196		193		75,270,003		75,270,003		-		75,270,003
GVDMA		2,400,840		24,249,058		21,847,646		65		21,847,711		-		21,847,711		21,837,415		10,296		21,847,711

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2023


Subaccount,*	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity		Accumulation Units		Contracts in Payout		Contract Owners’ Equity
GVDMC		1,625,917		16,126,916		14,958,439		20,350		14,978,789		-		14,978,789		14,819,339		159,450		14,978,789
GVEX1		38,180,372		384,639,309		350,495,818		-		350,495,818		521		350,495,297		350,495,297		-		350,495,297
GVIDA		586,609		6,545,911		5,989,273		-		5,989,273		106		5,989,167		5,989,167		-		5,989,167
GVIDC		1,455,257		14,462,210		13,708,518		-		13,708,518		185		13,708,333		13,708,333		-		13,708,333
GVIDM		6,672,194		66,348,117		57,714,482		-		57,714,482		296		57,714,186		57,714,186		-		57,714,186
HIBF		1,060,495		6,789,063		6,140,265		-		6,140,265		147		6,140,118		6,140,118		-		6,140,118
IDPG2		247,288		2,575,970		2,522,334		-		2,522,334		62		2,522,272		2,522,272		-		2,522,272
IDPGI2		294,258		3,229,279		3,019,087		-		3,019,087		70		3,019,017		3,019,017		-		3,019,017
MCIF		3,622,766		73,202,808		68,252,917		-		68,252,917		403		68,252,514		68,252,514		-		68,252,514
MSBF		1,413,561		12,737,114		11,817,370		-		11,817,370		82		11,817,288		11,817,083		205		11,817,288
NAMAA2		813,302		8,726,332		7,767,032		-		7,767,032		68		7,766,964		7,766,964		-		7,766,964
NAMGI2		370,904		4,407,133		5,252,004		-		5,252,004		67		5,251,937		5,251,937		-		5,251,937
NCPG2		75,425		880,467		918,679		-		918,679		73		918,606		918,606		-		918,606
NCPGI2		123,045		1,354,102		1,440,852		-		1,440,852		69		1,440,783		1,440,783		-		1,440,783
NDESY		102,346		1,089,611		1,344,827		-		1,344,827		6		1,344,821		1,344,821		-		1,344,821
NIFY		154,543		1,521,056		1,788,057		-		1,788,057		3		1,788,054		1,788,054		-		1,788,054
NJMMA2		171,085		1,528,271		1,514,103		-		1,514,103		26		1,514,077		1,514,077		-		1,514,077
NLCGY		452,522		4,707,195		5,579,592		-		5,579,592		10		5,579,582		5,579,582		-		5,579,582
NUSTLY		289,081		3,247,473		3,893,923		-		3,893,923		9		3,893,914		3,893,914		-		3,893,914
NVAMV2		101,966		1,470,235		1,698,757		-		1,698,757		61		1,698,696		1,698,696		-		1,698,696
NVAMVZ		681,753		11,839,686		11,262,567		-		11,262,567		249		11,262,318		11,262,318		-		11,262,318
NVBX		4,528,399		48,419,008		41,570,698		-		41,570,698		221		41,570,477		41,570,477		-		41,570,477
NVCBD2		528,213		5,628,882		4,817,298		-		4,817,298		84		4,817,214		4,817,214		-		4,817,214
NVCCA2		1,006,172		10,113,803		10,776,099		39,428		10,815,527		-		10,815,527		10,448,578		366,949		10,815,527
NVCCN2		1,005,135		10,655,045		10,443,349		-		10,443,349		162		10,443,187		10,443,187		-		10,443,187
NVCMA2		674,605		6,235,312		6,948,426		253		6,948,679		-		6,948,679		6,938,575		10,104		6,948,679
NVCMC2		736,358		7,852,957		7,952,661		-		7,952,661		139		7,952,522		7,952,522		-		7,952,522
NVCMD2		1,395,192		13,851,904		15,333,164		-		15,333,164		204		15,332,960		15,332,960		-		15,332,960
NVCRA2		435,131		4,608,360		5,360,817		-		5,360,817		105		5,360,712		5,360,712		-		5,360,712
NVCRB2		994,801		10,701,510		11,052,238		-		11,052,238		202		11,052,036		11,052,036		-		11,052,036
NVDBL2		739,160		10,845,770		9,675,599		-		9,675,599		177		9,675,422		9,675,422		-		9,675,422
NVDCA2		1,168,946		15,784,793		14,623,519		30,903		14,654,422		-		14,654,422		14,317,533		336,889		14,654,422
NVFIII		755,970		7,884,762		7,204,393		-		7,204,393		69		7,204,324		7,204,324		-		7,204,324
NVGEII		88,898		1,254,153		1,415,264		-		1,415,264		51		1,415,213		1,415,213		-		1,415,213
NVIE6		253,081		2,562,386		2,687,723		-		2,687,723		55		2,687,668		2,687,668		-		2,687,668
NVIX		4,487,013		44,324,509		47,427,726		-		47,427,726		172		47,427,554		47,422,732		4,822		47,427,554
NVLCPP		2,455,456		27,776,590		24,382,682		-		24,382,682		307		24,382,375		24,382,375		-		24,382,375

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2023


Subaccount,*	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity		Accumulation Units		Contracts in Payout		Contract Owners’ Equity
NVLCPY		3,738		38,201		37,122		-		37,122		6		37,116		37,116		-		37,116
NVMGA2		277,985		3,091,398		3,210,726		-		3,210,726		91		3,210,635		3,210,635		-		3,210,635
NVMIG6		1,081,211		12,382,189		8,336,133		-		8,336,133		264		8,335,869		8,335,869		-		8,335,869
NVMIVZ		345,705		3,964,850		4,044,743		-		4,044,743		205		4,044,538		4,044,538		-		4,044,538
NVMLG2		2,130,414		15,943,050		17,192,438		-		17,192,438		214		17,192,224		17,192,224		-		17,192,224
NVMM2		176,749,100		176,749,100		176,749,100		6,890		176,755,990		-		176,755,990		176,733,499		22,491		176,755,990
NVMMG1		42,729		269,919		267,913		-		267,913		25		267,888		267,888		-		267,888
NVMMG2		1,635,131		7,950,549		8,862,412		-		8,862,412		268		8,862,144		8,862,144		-		8,862,144
NVMMV2		871,366		7,645,383		6,735,659		-		6,735,659		281		6,735,378		6,735,378		-		6,735,378
NVNMO1		1		17		16		-		16		16		-		-		-		-
NVNMO2		314,686		3,719,965		3,873,790		-		3,873,790		132		3,873,658		3,873,658		-		3,873,658
NVNSR2		116,144		1,444,556		1,397,215		-		1,397,215		44		1,397,171		1,397,171		-		1,397,171
NVOLG2		769,718		15,117,929		16,010,126		-		16,010,126		218		16,009,908		16,009,908		-		16,009,908
NVRE2		901,711		7,429,257		6,546,421		-		6,546,421		260		6,546,161		6,546,161		-		6,546,161
NVSIX2		5,073,105		41,064,223		40,128,261		-		40,128,261		320		40,127,941		40,127,941		-		40,127,941
NVSTB2		1,453,841		13,982,122		13,971,410		-		13,971,410		190		13,971,220		13,971,220		-		13,971,220
NVTIV3		41,574		430,445		491,410		-		491,410		39		491,371		491,371		-		491,371
SAM		32,344		32,344		32,344		-		32,344		8		32,336		32,336		-		32,336
SCF		287,537		5,701,611		5,238,923		-		5,238,923		172		5,238,751		5,238,751		-		5,238,751
SCF2		358,296		5,104,021		5,754,238		-		5,754,238		100		5,754,138		5,754,138		-		5,754,138
SCGF		231,115		4,005,424		3,170,901		-		3,170,901		150		3,170,751		3,170,751		-		3,170,751
SCGF2		398,096		4,157,625		4,566,163		-		4,566,163		105		4,566,058		4,566,058		-		4,566,058
SCVF		248,153		2,474,482		2,337,599		-		2,337,599		152		2,337,447		2,337,447		-		2,337,447
SCVF2		319,154		2,680,654		2,814,941		-		2,814,941		82		2,814,859		2,814,859		-		2,814,859
TRF		79,169		1,796,105		1,678,373		-		1,678,373		85		1,678,288		1,678,288		-		1,678,288
TRF2		171,784		3,996,616		3,617,776		-		3,617,776		61		3,617,715		3,617,715		-		3,617,715
NBARMS		116,853		1,073,410		1,101,927		-		1,101,927		50		1,101,877		1,101,877		-		1,101,877
NOTBBA		872,073		7,144,681		6,566,708		-		6,566,708		108		6,566,600		6,566,600		-		6,566,600
PSHYBI		20,851		129,554		138,035		-		138,035		2		138,033		138,033		-		138,033
PSTRBI		55,096		740,673		788,426		-		788,426		3		788,423		788,423		-		788,423
PMUBA		396,073		3,858,709		3,437,918		-		3,437,918		134		3,437,784		3,437,784		-		3,437,784
PMVAAD		442,640		4,691,826		4,072,287		-		4,072,287		142		4,072,145		4,072,145		-		4,072,145
PMVEBD		409,026		5,018,560		4,315,226		-		4,315,226		142		4,315,084		4,315,084		-		4,315,084
PMVFAD		256,074		2,385,455		1,938,477		-		1,938,477		102		1,938,375		1,938,375		-		1,938,375
PMVFHI		176,931		1,751,935		1,739,229		-		1,739,229		95		1,739,134		1,739,134		-		1,739,134
PMVFHV		359,164		3,853,400		3,530,577		-		3,530,577		62		3,530,515		3,530,515		-		3,530,515
PMVGBD		169,519		1,906,905		1,630,776		-		1,630,776		104		1,630,672		1,630,672		-		1,630,672

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2023


Subaccount,*	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity		Accumulation Units		Contracts in Payout		Contract Owners’ Equity
PMVHYD		709,982		4,890,949		5,097,671		1,187		5,098,858		-		5,098,858		5,098,858		-		5,098,858
PMVII		519,057		5,129,723		5,164,616		-		5,164,616		15		5,164,601		5,164,601		-		5,164,601
PMVIV		1,679,477		17,314,130		16,710,794		-		16,710,794		195		16,710,599		16,710,599		-		16,710,599
PMVLAD		1,258,155		11,971,756		12,078,285		-		12,078,285		140		12,078,145		12,078,145		-		12,078,145
PMVLDI		152,073		1,475,999		1,459,900		-		1,459,900		91		1,459,809		1,459,809		-		1,459,809
PMVRI		97,098		1,209,968		1,123,419		-		1,123,419		3		1,123,416		1,123,416		-		1,123,416
PMVRSD		1,075,277		8,279,774		5,871,010		-		5,871,010		1,365,533		4,505,477		4,505,477		-		4,505,477
PMVRSI		137,707		955,528		732,602		-		732,602		2		732,600		732,600		-		732,600
PMVSTA		1,424,922		14,475,267		14,576,953		-		14,576,953		90		14,576,863		14,576,863		-		14,576,863
PMVSTI		175,216		1,782,786		1,792,460		-		1,792,460		89		1,792,371		1,792,371		-		1,792,371
PMVTRI		294,525		2,837,565		2,703,741		-		2,703,741		4		2,703,737		2,703,737		-		2,703,737
PNVCA1		3,713		126,914		131,072		-		131,072		3		131,069		131,069		-		131,069
PNVCB1		96,183		911,674		926,244		-		926,244		4		926,240		926,240		-		926,240
PNVDI1		8,436		121,158		130,677		-		130,677		5		130,672		130,672		-		130,672
PNVMC1		10,266		576,926		647,049		-		647,049		7		647,042		647,042		-		647,042
PNVSC1		2,398		31,676		36,016		-		36,016		2		36,014		36,014		-		36,014
PNVST1		32,741		79,874		81,853		-		81,853		5		81,848		81,848		-		81,848
PROA30		8,069		277,754		286,298		-		286,298		74		286,224		286,224		-		286,224
PROAHY		108,988		2,623,966		2,697,452		-		2,697,452		95		2,697,357		2,697,357		-		2,697,357
PROBIO		48,609		2,649,308		3,245,111		-		3,245,111		191		3,244,920		3,244,920		-		3,244,920
PROBL		71,134		3,201,664		3,594,426		-		3,594,426		89		3,594,337		3,594,337		-		3,594,337
PROBM		8,445		675,163		721,854		-		721,854		91		721,763		721,763		-		721,763
PROBNK		35,832		846,397		980,364		-		980,364		87		980,277		980,277		-		980,277
PROBR		7,035		112,288		101,240		-		101,240		39		101,201		101,201		-		101,201
PROCG		51,771		2,409,316		2,284,641		-		2,284,641		101		2,284,540		2,284,540		-		2,284,540
PROCS		36,168		2,191,495		2,387,120		-		2,387,120		107		2,387,013		2,387,013		-		2,387,013
PROE30		46,215		1,150,799		1,196,967		-		1,196,967		119		1,196,848		1,196,848		-		1,196,848
PROEM		83,279		2,276,600		2,355,971		-		2,355,971		125		2,355,846		2,355,846		-		2,355,846
PROFIN		42,486		1,803,969		1,951,374		-		1,951,374		143		1,951,231		1,951,231		-		1,951,231
PROGVP		27,195		331,313		345,917		-		345,917		40		345,877		345,877		-		345,877
PROHC		75,438		5,253,548		5,032,450		-		5,032,450		188		5,032,262		5,032,262		-		5,032,262
PROIND		34,865		2,962,726		3,091,123		-		3,091,123		114		3,091,009		3,091,009		-		3,091,009
PROINT		24,855		499,434		511,521		-		511,521		61		511,460		511,460		-		511,460
PROJP		20,770		1,335,146		1,354,387		-		1,354,387		97		1,354,290		1,354,290		-		1,354,290
PRON		158,415		8,344,818		9,167,498		-		9,167,498		173		9,167,325		9,167,325		-		9,167,325
PRONET		173,005		3,236,408		3,641,763		-		3,641,763		148		3,641,615		3,641,615		-		3,641,615
PROOG		178,026		7,607,005		7,510,907		-		7,510,907		157		7,510,750		7,510,750		-		7,510,750

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF ASSETS, LIABILTIES AND CONTRACT OWNERS’ EQUITY

DECEMBER 31, 2023


Subaccount,*	Shares		Cost		Investments, at fair value		Accounts Receivable		Total Assets		Accounts Payable		Contract Owners’ Equity		Accumulation Units		Contracts in Payout		Contract Owners’ Equity
PROPHR		23,085		753,765		793,898		-		793,898		93		793,805		793,805		-		793,805
PROPM		84,261		1,990,385		2,140,217		-		2,140,217		123		2,140,094		2,140,094		-		2,140,094
PRORRO		38,196		1,827,818		1,707,380		-		1,707,380		1,296,953		410,427		410,427		-		410,427
PROSCN		187,212		17,742,923		23,667,320		1,223,294		24,890,614		-		24,890,614		23,418,354		1,472,260		24,890,614
PROSEM		200		4,759		4,702		-		4,702		18		4,684		4,684		-		4,684
PROSIN		209		5,234		5,192		-		5,192		26		5,166		5,166		-		5,166
PROSN		8,003		110,161		98,363		-		98,363		32		98,331		98,331		-		98,331
PROTEC		327,027		20,364,180		22,623,700		-		22,623,700		212		22,623,488		22,623,488		-		22,623,488
PROTEL		35,834		1,322,187		1,366,714		-		1,366,714		57		1,366,657		1,366,657		-		1,366,657
PROUN		156,677		3,401,527		4,847,581		-		4,847,581		104		4,847,477		4,847,477		-		4,847,477
PROUSN		2,799		104,877		99,059		-		99,059		98		98,961		98,961		-		98,961
PROUTL		81,422		3,023,915		3,047,634		-		3,047,634		118		3,047,516		3,047,516		-		3,047,516
PVEIB		792,778		20,563,400		22,847,864		-		22,847,864		136		22,847,728		22,847,728		-		22,847,728
PVEIIA		55,240		1,504,360		1,615,203		-		1,615,203		4		1,615,199		1,615,199		-		1,615,199
PVIGIB		103,233		1,085,673		1,214,025		-		1,214,025		37		1,213,988		1,213,988		-		1,213,988
PVNOB		286		9,815		11,345		-		11,345		1		11,344		11,344		-		11,344
PVTIGB		38,809		541,688		592,616		-		592,616		22		592,594		592,594		-		592,594
TRBCGP		76,011		2,842,371		3,510,927		-		3,510,927		16		3,510,911		3,510,911		-		3,510,911
TRHS2		530,975		28,852,814		27,531,033		-		27,531,033		152		27,530,881		27,530,881		-		27,530,881
TRLT1		127,483		590,756		594,069		-		594,069		6		594,063		594,063		-		594,063
TRMCG2		28,613		717,056		773,115		-		773,115		7		773,108		773,108		-		773,108
VEEMS		92,851		1,023,673		833,802		-		833,802		44		833,758		833,758		-		833,758
VVGGS		680,299		5,631,910		5,700,910		-		5,700,910		140		5,700,770		5,700,770		-		5,700,770
VWEM		198		1,714		1,823		-		1,823		2		1,821		1,821		-		1,821
VWHA		74,153		2,043,441		1,971,724		-		1,971,724		153		1,971,571		1,971,571		-		1,971,571
VWHAS		291,012		7,762,993		7,397,532		49		7,397,581		-		7,397,581		7,397,228		353		7,397,581
VVEI		6,864		156,174		164,107		-		164,107		4		164,103		164,103		-		164,103
VVHGB		716,279		7,822,854		7,614,044		-		7,614,044		8		7,614,036		7,614,036		-		7,614,036
VVI		174,613		4,386,128		4,290,235		-		4,290,235		9		4,290,226		4,290,226		-		4,290,226
VVMCI		181,593		4,205,879		4,345,514		-		4,345,514		7		4,345,507		4,345,507		-		4,345,507
VVSTC		676,667		6,843,729		6,976,439		-		6,976,439		7		6,976,432		6,976,432		-		6,976,432
VVTISI		313,756		6,421,272		6,617,113		-		6,617,113		5		6,617,108		6,617,108		-		6,617,108
VVTSM		128,201		6,095,825		6,339,535		-		6,339,535		6		6,339,529		6,339,529		-		6,339,529
VRVDRA		263,581		5,522,007		5,124,018		-		5,124,018		112		5,123,906		5,123,906		-		5,123,906

*	Represents abbreviation of investment name. For full investment name and related abbreviation, see note 1(b).

**	For all subaccounts not included herein but listed as an investment option in note 1(b), Total Assets and Contract Owners’ Equity at the end of the period are $0. See note 1(b) for all investments available for which no contract owners were invested at December 31, 2023, if applicable.

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	ALVBWB			ALVGIA			ALVIVB			ALVSVA			AASCO			ALCAI2			WFVSG1			AAEIP3
Reinvested dividends	$	5,666			1,159			1,948			392			-			-			-			126,028
Mortality and expense risk charges (note 2)		(8,256	)		(671	)		(5,786	)		(128	)		(266	)		(144	)		(2,116	)		(56,949	)

Net investment income (loss)		(2,590	)		488			(3,838	)		264			(266	)		(144	)		(2,116	)		69,079

Realized gain (loss) on investments		(11,801	)		(9,453	)		26,235			(2,345	)		(2,705	)		1,628			(70,926	)		231,827
Change in unrealized gain (loss) on investments		48,033			52,576			16,079			6,108			12,945			13,827			110,925			142,486

Net gain (loss) on investments		36,232			43,123			42,314			3,763			10,240			15,455			39,999			374,313

Reinvested capital gains		32,462			6,095			-			3,085			-			-			-			45,144

Net increase (decrease) in contract owners’ equity resulting from operations	$	66,104			49,706			38,476			7,112			9,974			15,311			37,883			488,536


*Investment Activity:**	ARLPE3			ACVGI			ACVI			ACVIG			ACVIP1			ACVIP2			ACVMV2			ACVU1
Reinvested dividends	$	-			1,366			1,732			121,041			17,359			493,936			66,199			-
Mortality and expense risk charges (note 2)		(14,491	)		(4,083	)		(477	)		(112,888	)		(1,704	)		(174,709	)		(38,289	)		(27,348	)

Net investment income (loss)		(14,491	)		(2,717	)		1,255			8,153			15,655			319,227			27,910			(27,348	)

Realized gain (loss) on investments		(115,477	)		(56,284	)		(4,527	)		(498,441	)		(48,522	)		(468,607	)		(242,656	)		91,396
Change in unrealized gain (loss) on investments		398,124			498,454			17,795			999,965			65,825			464,048			38,214			586,354

Net gain (loss) on investments		282,647			442,170			13,268			501,524			17,303			(4,559	)		(204,442	)		677,750

Reinvested capital gains		-			-			-			-			-			-			331,537			168,943

Net increase (decrease) in contract owners’ equity resulting from operations	$	268,156			439,453			14,523			509,677			32,958			314,668			155,005			819,345

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	ACVV			ACVV2			AFGC			AFGF			AMVBA1			AMVBC4			AMVCB4			AMVGS4
Reinvested dividends	$	214,091			62,387			34,211			15,961			91,508			677,451			495,021			1,662
Mortality and expense risk charges (note 2)		(127,120	)		(31,511	)		(2,550	)		(8,236	)		(8,014	)		(440,415	)		(214,118	)		(72,809	)

Net investment income (loss)		86,971			30,876			31,661			7,725			83,494			237,036			280,903			(71,147	)

Realized gain (loss) on investments		193,997			(66,583	)		(13,156	)		(73,026	)		(36,571	)		(2,157,912	)		(68,637	)		(744,081	)
Change in unrealized gain (loss) on investments		(347,883	)		24,490			7,628			706,809			67,403			7,428,212			1,133,894			1,538,659

Net gain (loss) on investments		(153,886	)		(42,093	)		(5,528	)		633,783			30,832			5,270,300			1,065,257			794,578

Reinvested capital gains		717,551			225,171			-			125,088			-			372,008			-			80,901

Net increase (decrease) in contract owners’ equity resulting from operations	$	650,636			213,954			26,133			766,596			114,326			5,879,344			1,346,160			804,332


*Investment Activity:**	AMVGV2			AMVI4			AMVIG1			AMVM1			AMVNW1			AMVNW4			PIHYB2			PIVFI
Reinvested dividends	$	45,004			100,707			375			22,996			26,868			209,492			6,315			1,089
Mortality and expense risk charges (note 2)		(20,296	)		(108,053	)		(43	)		(1,700	)		(4,689	)		(177,394	)		(1,580	)		(445	)

Net investment income (loss)		24,708			(7,346	)		332			21,296			22,179			32,098			4,735			644

Realized gain (loss) on investments		(108,849	)		(308,343	)		480			(2,421	)		(12,437	)		(232,588	)		(520	)		(634	)
Change in unrealized gain (loss) on investments		(16,121	)		1,595,763			934			(1,579	)		187,892			2,525,289			6,708			26,906

Net gain (loss) on investments		(124,970	)		1,287,420			1,414			(4,000	)		175,455			2,292,701			6,188			26,272

Reinvested capital gains		-			-			-			-			-			-			-			5,641

Net increase (decrease) in contract owners’ equity resulting from operations	$	(100,262	)		1,280,074			1,746			17,296			197,634			2,324,799			10,923			32,557

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	BRVDA3			BRVED3			BRVEDI			BRVHY3			BRVHYI			BRVMMI			BRVSII			BRVTR1
Reinvested dividends	$	46,732			106,578			65,969			985,636			107,507			26,642			27,050			16,676
Mortality and expense risk charges (note 2)		(31,995	)		(71,317	)		(10,310	)		(177,027	)		(5,725	)		(1,853	)		(5,420	)		(1,556	)

Net investment income (loss)		14,737			35,261			55,659			808,609			101,782			24,789			21,630			15,120

Realized gain (loss) on investments		25,591			15,091			(148,942	)		(405,940	)		(30,981	)		-			(42,051	)		(5,553	)
Change in unrealized gain (loss) on investments		275,772			241,806			286,616			1,329,184			132,923			-			246,942			12,835

Net gain (loss) on investments		301,363			256,897			137,674			923,244			101,942			-			204,891			7,282

Reinvested capital gains		-			289,085			180,278			-			-			-			52,842			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	316,100			581,243			373,611			1,731,853			203,724			24,789			279,363			22,402


*Investment Activity:**	BRVTR3			MLVGA3			DCAP			DSRG			DVMCSS			CVN1II			SASP5I			CLSCV1
Reinvested dividends	$	403,223			503,890			120			48			47,741			2,913			227,765			2,127
Mortality and expense risk charges (note 2)		(133,813	)		(265,860	)		(54	)		(3	)		(101,797	)		(2,544	)		(50,696	)		(947	)

Net investment income (loss)		269,410			238,030			66			45			(54,056	)		369			177,069			1,180

Realized gain (loss) on investments		(654,071	)		(582,755	)		(57	)		(1,418	)		(397,916	)		25,126			31,646			(71,132	)
Change in unrealized gain (loss) on investments		793,781			2,514,649			2,216			1,099			1,479,677			305,325			3,271,749			114,860

Net gain (loss) on investments		139,710			1,931,894			2,159			(319	)		1,081,761			330,451			3,303,395			43,728

Reinvested capital gains		-			-			1,060			763			280,434			-			-			20,529

Net increase (decrease) in contract owners’ equity resulting from operations	$	409,120			2,169,924			3,285			489			1,308,139			330,820			3,480,464			65,437

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	CLVAB1			CLVEM1			CLVHY1			CLVHY2			CLVIB1			CLVLD1			CLVLG1			CLVLV1
Reinvested dividends	$	9,507			383			2,655			222,829			11,166			5,942			-			-
Mortality and expense risk charges (note 2)		(949	)		(1,237	)		(155	)		(44,838	)		(1,183	)		(603	)		(36	)		(4,800	)

Net investment income (loss)		8,558			(854	)		2,500			177,991			9,983			5,339			(36	)		(4,800	)

Realized gain (loss) on investments		(3,017	)		(28,471	)		5			(39,772	)		(2,347	)		106			298			23,742
Change in unrealized gain (loss) on investments		13,189			64,518			2,578			259,192			21,824			5,696			3,240			60,248

Net gain (loss) on investments		10,172			36,047			2,583			219,420			19,477			5,802			3,538			83,990

Reinvested capital gains		-			-			-			-			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	18,730			35,193			5,083			397,411			29,460			11,141			3,502			79,190


*Investment Activity:**	CLVPB1			CLVSE1			CLVTB1			CSCRS			CSCRS2			DWVEMD			DWVSVS			DWVSVT
Reinvested dividends	$	189			-			4,876			307,473			88,441			7,040			53,537			202
Mortality and expense risk charges (note 2)		(39	)		(718	)		(687	)		(15,029	)		(1,499	)		(1,418	)		(94,761	)		(91	)

Net investment income (loss)		150			(718	)		4,189			292,444			86,942			5,622			(41,224	)		111

Realized gain (loss) on investments		(550	)		990			(224	)		(368,751	)		(26,523	)		(16,375	)		(108,228	)		(759	)
Change in unrealized gain (loss) on investments		1,383			22,516			5,552			(52,640	)		(103,170	)		66,642			429,435			2,783

Net gain (loss) on investments		833			23,506			5,328			(421,391	)		(129,693	)		50,267			321,207			2,024

Reinvested capital gains		-			-			-			-			-			-			358,835			892

Net increase (decrease) in contract owners’ equity resulting from operations	$	983			22,788			9,517			(128,947	)		(42,751	)		55,889			638,818			3,027

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	DFVIV			ETVFR			FHIB			FQB			FVUS2			FAM2			FB2			FC2
Reinvested dividends	$	101,565			1,705,570			21,489			3,462			43,593			5,419			1,113,199			74,571
Mortality and expense risk charges (note 2)		(5,191	)		(261,033	)		(1,772	)		(555	)		(17,621	)		(3,344	)		(846,018	)		(302,738	)

Net investment income (loss)		96,374			1,444,537			19,717			2,907			25,972			2,075			267,181			(228,167	)

Realized gain (loss) on investments		10,855			(156,008	)		(12,775	)		(168	)		(102,368	)		(4,196	)		860,031			605,457
Change in unrealized gain (loss) on investments		116,368			669,665			63,187			7,509			131,315			27,433			8,850,987			5,618,609

Net gain (loss) on investments		127,223			513,657			50,412			7,341			28,947			23,237			9,711,018			6,224,066

Reinvested capital gains		20,269			-			-			-			-			3,436			2,387,462			1,011,424

Net increase (decrease) in contract owners’ equity resulting from operations	$	243,866			1,958,194			70,129			10,248			54,919			28,748			12,365,661			7,007,323


*Investment Activity:**	FEI2			FEIP			FEMS2			FG2			FGI2			FHI2			FICAP			FIGBP
Reinvested dividends	$	134,886			32,612			169,414			3,335			322,206			60,668			3,308			98,753
Mortality and expense risk charges (note 2)		(106,981	)		(4,023	)		(103,099	)		(1,035,919	)		(255,456	)		(14,090	)		(1,504	)		(8,426	)

Net investment income (loss)		27,905			28,589			66,315			(1,032,584	)		66,750			46,578			1,804			90,327

Realized gain (loss) on investments		(112,348	)		(169	)		(91,635	)		2,174,268			965,502			(41,977	)		13,578			(8,809	)
Change in unrealized gain (loss) on investments		512,552			56,533			575,717			20,094,414			1,504,529			68,639			90,880			73,063

Net gain (loss) on investments		400,204			56,364			484,082			22,268,682			2,470,031			26,662			104,458			64,254

Reinvested capital gains		231,463			48,952			-			4,004,652			844,206			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	659,572			133,905			550,397			25,240,750			3,380,987			73,240			106,262			154,581

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	FIGBP2			FIP			FMCP			FMMP			FNRS2			FRESS2			FVFRHI			FVIII
Reinvested dividends	$	468,595			79,829			4,614			71,541			133,845			115,229			38,784			58,061
Mortality and expense risk charges (note 2)		(219,100	)		(16,878	)		(1,637	)		(5,066	)		(60,317	)		(57,518	)		(2,653	)		(6,482	)

Net investment income (loss)		249,495			62,951			2,977			66,475			73,528			57,711			36,131			51,579

Realized gain (loss) on investments		(1,345,049	)		(9,664	)		3,629			-			108,765			(502,747	)		485			(2,687	)
Change in unrealized gain (loss) on investments		1,967,583			1,034,678			54,927			-			(269,241	)		578,865			(13,548	)		228,491

Net gain (loss) on investments		622,534			1,025,014			58,556			-			(160,476	)		76,118			(13,063	)		225,804

Reinvested capital gains		-			36,222			19,959			-			-			257,425			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	872,029			1,124,187			81,492			66,475			(86,948	)		391,254			23,068			277,383


*Investment Activity:**	FVP			FVSII			FVSIS2			FVSS2			FEOVF			FTVFA2			FTVGI2			FTVIS2
Reinvested dividends	$	15,968			25,612			633,189			19,012			-			38,587			-			1,009,233
Mortality and expense risk charges (note 2)		(2,941	)		(1,337	)		(177,188	)		(16,750	)		(18,769	)		(35,626	)		(104,261	)		(235,033	)

Net investment income (loss)		13,027			24,275			456,001			2,262			(18,769	)		2,961			(104,261	)		774,200

Realized gain (loss) on investments		(806	)		(1,991	)		(87,248	)		(68,726	)		(20,470	)		(409,836	)		(631,222	)		(6,587	)
Change in unrealized gain (loss) on investments		118,752			13,360			733,786			197,293			8,388			722,453			852,409			(723,930	)

Net gain (loss) on investments		117,946			11,369			646,538			128,567			(12,082	)		312,617			221,187			(730,517	)

Reinvested capital gains		45,323			-			-			79,822			159,791			44,791			-			1,223,514

Net increase (decrease) in contract owners’ equity resulting from operations	$	176,296			35,644			1,102,539			210,651			128,940			360,369			116,926			1,267,197

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	FTVMD2			FTVUG2			GVGMNS			GVMSAS			GVFRB			RAF			RBF			RBKF
Reinvested dividends	$	174,903			-			9,522			124,041			195,395			3,610			-			12,868
Mortality and expense risk charges (note 2)		(94,620	)		(1,256	)		(7,757	)		(20,019	)		(77,378	)		(7,028	)		(59,763	)		(17,720	)

Net investment income (loss)		80,283			(1,256	)		1,765			104,022			118,017			(3,418	)		(59,763	)		(4,852	)

Realized gain (loss) on investments		(86,038	)		(4	)		(3,277	)		(41,044	)		49,810			(278,625	)		(704,906	)		(227,793	)
Change in unrealized gain (loss) on investments		818,414			11,332			71,312			63,413			315,249			(1,568	)		817,569			244,376

Net gain (loss) on investments		732,376			11,328			68,035			22,369			365,059			(280,193	)		112,663			16,583

Reinvested capital gains		380,633			-			-			-			-			-			44,175			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	1,193,292			10,072			69,800			126,391			483,076			(283,611	)		97,075			11,731


*Investment Activity:**	RBMF			RCPF			RELF			RENF			RESF			RFSF			RHCF			RHYS
Reinvested dividends	$	-			65,838			-			214,647			-			-			-			6,640
Mortality and expense risk charges (note 2)		(30,751	)		(66,543	)		(186,226	)		(83,004	)		(38,951	)		(74,983	)		(135,832	)		(4,409	)

Net investment income (loss)		(30,751	)		(705	)		(186,226	)		131,643			(38,951	)		(74,983	)		(135,832	)		2,231

Realized gain (loss) on investments		(104,116	)		(200,409	)		(83,220	)		54,779			361,869			(441,765	)		(355,062	)		(5,332	)
Change in unrealized gain (loss) on investments		271,557			(92,229	)		4,371,708			(213,799	)		(390,804	)		1,179,228			891,123			35,423

Net gain (loss) on investments		167,441			(292,638	)		4,288,488			(159,020	)		(28,935	)		737,463			536,061			30,091

Reinvested capital gains		-			24,545			400,002			-			-			-			279,466			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	136,690			(268,798	)		4,502,264			(27,377	)		(67,886	)		662,480			679,695			32,322

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	RINF			RJNF			RLCE			RLCJ			RLF			RMED			RMEK			RNF
Reinvested dividends	$	-			-			2,027			221			-			-			-			-
Mortality and expense risk charges (note 2)		(41,344	)		(22,910	)		(9,869	)		(5,244	)		(35,853	)		(29,002	)		(20,633	)		(108,840	)

Net investment income (loss)		(41,344	)		(22,910	)		(7,842	)		(5,023	)		(35,853	)		(29,002	)		(20,633	)		(108,840	)

Realized gain (loss) on investments		(1,282,835	)		162,043			167,645			22,252			17,278			(283,992	)		38,138			551,333
Change in unrealized gain (loss) on investments		2,406,889			(80,984	)		(34,039	)		72,124			505,384			663,077			407,756			1,817,551

Net gain (loss) on investments		1,124,054			81,059			133,606			94,376			522,662			379,085			445,894			2,368,884

Reinvested capital gains		-			-			-			-			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	1,082,710			58,149			125,764			89,353			486,809			350,083			425,261			2,260,044


*Investment Activity:**	ROF			RPMF			RREF			RRF			RSRF			RTEC			RTEL			RTF
Reinvested dividends	$	-			16,675			26,325			-			10,321			-			2,437			4,559
Mortality and expense risk charges (note 2)		(217,366	)		(68,379	)		(27,152	)		(19,674	)		(52,324	)		(141,880	)		(3,898	)		(71,883	)

Net investment income (loss)		(217,366	)		(51,704	)		(827	)		(19,674	)		(42,003	)		(141,880	)		(1,461	)		(67,324	)

Realized gain (loss) on investments		(1,472,217	)		(565,105	)		(675,210	)		(276,422	)		216,660			(687,910	)		(41,354	)		478,589
Change in unrealized gain (loss) on investments		7,703,417			747,075			756,049			510,028			230,586			4,227,314			61,135			1,558,830

Net gain (loss) on investments		6,231,200			181,970			80,839			233,606			447,246			3,539,404			19,781			2,037,419

Reinvested capital gains		-			-			79,269			-			-			169,301			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	6,013,834			130,266			159,281			213,932			405,243			3,566,825			18,320			1,970,095

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	RTRF			RUF			RUGB			RUTL			RVARS			RVCMD			RVF			RVIDD
Reinvested dividends	$	-			12,456			81,983			40,962			78,102			183,378			-			2,101
Mortality and expense risk charges (note 2)		(30,193	)		(7,690	)		(39,065	)		(38,663	)		(36,314	)		(26,745	)		(92,668	)		(8,544	)

Net investment income (loss)		(30,193	)		4,766			42,918			2,299			41,788			156,633			(92,668	)		(6,443	)

Realized gain (loss) on investments		(516,892	)		(127,964	)		(431,187	)		(178,239	)		43,649			(455,765	)		1,076,379			(145,121	)
Change in unrealized gain (loss) on investments		981,723			(32,306	)		244,319			(92,226	)		(3,086	)		136,087			2,207,475			(31,627	)

Net gain (loss) on investments		464,831			(160,270	)		(186,868	)		(270,465	)		40,563			(319,678	)		3,283,854			(176,748	)

Reinvested capital gains		-			-			-			-			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	434,638			(155,504	)		(143,950	)		(268,166	)		82,351			(163,045	)		3,191,186			(183,191	)


*Investment Activity:**	RVIMC			RVISC			RVLCG			RVLCV			RVLDD			RVMCG			RVMCV			RVMFU
Reinvested dividends	$	284			-			-			148,139			17,877			-			-			89,375
Mortality and expense risk charges (note 2)		(1,036	)		(7,846	)		(147,991	)		(161,715	)		(93,424	)		(59,223	)		(68,577	)		(32,158	)

Net investment income (loss)		(752	)		(7,846	)		(147,991	)		(13,576	)		(75,547	)		(59,223	)		(68,577	)		57,217

Realized gain (loss) on investments		(5,297	)		(55,620	)		(3,277,087	)		(1,426,547	)		(162,271	)		(975,083	)		259,212			29,147
Change in unrealized gain (loss) on investments		(7,379	)		(47,979	)		3,790,339			1,584,132			1,309,974			1,519,515			809,663			(78,103	)

Net gain (loss) on investments		(12,676	)		(103,599	)		513,252			157,585			1,147,703			544,432			1,068,875			(48,956	)

Reinvested capital gains		-			-			-			-			-			-			-			56,860

Net increase (decrease) in contract owners’ equity resulting from operations	$	(13,428	)		(111,445	)		365,261			144,009			1,072,156			485,209			1,000,298			65,121

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	RVSCG			RVSCV			RVSDL			RVWDL			HTDEIA			HTIOIA			HTMCIA			AVIE2
Reinvested dividends	$	2,697			-			2,858			233			4,082			67			60			-
Mortality and expense risk charges (note 2)		(41,414	)		(37,035	)		(13,757	)		(6,213	)		(1,676	)		(8	)		(441	)		(15,988	)

Net investment income (loss)		(38,717	)		(37,035	)		(10,899	)		(5,980	)		2,406			59			(381	)		(15,988	)

Realized gain (loss) on investments		(419,968	)		176,598			(113,373	)		(32,523	)		(4,525	)		(1	)		(6,863	)		(119,687	)
Change in unrealized gain (loss) on investments		891,731			246,262			126,323			(680	)		94,308			116			14,973			365,934

Net gain (loss) on investments		471,763			422,860			12,950			(33,203	)		89,783			115			8,110			246,247

Reinvested capital gains		-			-			-			-			3,506			-			10,076			724

Net increase (decrease) in contract owners’ equity resulting from operations	$	433,046			385,825			2,051			(39,183	)		95,695			174			17,805			230,983


*Investment Activity:**	IVBRA2			IVEW52			IVEW5I			OVAG			OVGSS			OVIG			OVSC			OVSCS
Reinvested dividends	$	-			182,291			11,990			-			-			8,106			2,404			98,501
Mortality and expense risk charges (note 2)		(48,163	)		(169,586	)		(2,026	)		(1,919	)		(166,306	)		(4,149	)		(625	)		(115,719	)

Net investment income (loss)		(48,163	)		12,705			9,964			(1,919	)		(166,306	)		3,957			1,779			(17,218	)

Realized gain (loss) on investments		(296,592	)		(300,899	)		(9,443	)		(135,809	)		(439,617	)		(121,530	)		(2,809	)		391,513
Change in unrealized gain (loss) on investments		530,194			910,136			56,541			205,157			3,042,883			366,337			38,122			1,347,062

Net gain (loss) on investments		233,602			609,237			47,098			69,348			2,603,266			244,807			35,313			1,738,575

Reinvested capital gains		-			1,171,670			63,758			-			1,601,007			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	185,439			1,793,612			120,820			67,429			4,037,967			248,764			37,092			1,721,357

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	WRASP			WRENG			JABS			JAFBS			JAGTS			JAIGS			JAMGS			LZREMI
Reinvested dividends	$	185,757			38,549			549,808			162,911			-			1,636			18,451			16,255
Mortality and expense risk charges (note 2)		(125,823	)		(17,073	)		(361,844	)		(48,756	)		(351,797	)		(1,052	)		(224,420	)		(997	)

Net investment income (loss)		59,934			21,476			187,964			114,155			(351,797	)		584			(205,969	)		15,258

Realized gain (loss) on investments		29,413			415,254			557,892			(134,873	)		(3,869,001	)		(109	)		(178,931	)		(2,093	)
Change in unrealized gain (loss) on investments		954,892			(409,074	)		3,233,521			221,858			16,558,720			20,544			1,919,115			43,943

Net gain (loss) on investments		984,305			6,180			3,791,413			86,985			12,689,719			20,435			1,740,184			41,850

Reinvested capital gains		-			-			-			-			-			-			1,479,913			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	1,044,239			27,656			3,979,377			201,140			12,337,922			21,019			3,014,128			57,108


*Investment Activity:**	LZREMS			LPVAI			LPVCA2			LPVCII			LPVCMI			LPWHY2			SBVI			SBVSG2
Reinvested dividends	$	161,971			2,810			2,737			49,295			250			145,728			20,034			-
Mortality and expense risk charges (note 2)		(48,736	)		(1,063	)		(41,798	)		(6,559	)		(404	)		(35,937	)		(20,172	)		(95,706	)

Net investment income (loss)		113,235			1,747			(39,061	)		42,736			(154	)		109,791			(138	)		(95,706	)

Realized gain (loss) on investments		(27,084	)		6,785			(46,504	)		(38,374	)		(3,730	)		(49,360	)		2,221			102,776
Change in unrealized gain (loss) on investments		522,959			41,673			528,026			(53,279	)		20,952			178,904			82,050			554,748

Net gain (loss) on investments		495,875			48,458			481,522			(91,653	)		17,222			129,544			84,271			657,524

Reinvested capital gains		-			8,285			442,869			314,273			510			-			116,609			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	609,110			58,490			885,330			265,356			17,578			239,335			200,742			561,818

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	LJPCBT			LJPMVS			LJPSCS			LJPUES			LOVSDC			LOVTRC			MNCPS2			MNHCBI
Reinvested dividends	$	131,667			43,175			7,068			37,163			797,375			375,216			117,871			103,737
Mortality and expense risk charges (note 2)		(18,086	)		(4,859	)		(1,423	)		(8,422	)		(194,452	)		(126,615	)		(80,912	)		(4,755	)

Net investment income (loss)		113,581			38,316			5,645			28,741			602,923			248,601			36,959			98,982

Realized gain (loss) on investments		(28,899	)		37,315			2,528			34,068			(231,464	)		(761,672	)		(200,851	)		(10,613	)
Change in unrealized gain (loss) on investments		75,197			169,968			96,337			570,485			301,514			916,241			666,440			80,817

Net gain (loss) on investments		46,298			207,283			98,865			604,553			70,050			154,569			465,589			70,204

Reinvested capital gains		-			-			-			21,671			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	159,879			245,599			104,510			654,965			672,973			403,170			502,548			169,186


*Investment Activity:**	MNVFRI			MNWLGI			M3GRES			MEGS			MMCGSC			MV2CBI			MV2RII			MV2RIS
Reinvested dividends	$	55,826			-			2,568			-			-			2,788			1,109			10,119
Mortality and expense risk charges (note 2)		(2,318	)		(135	)		(6,067	)		(600	)		(2,126	)		(230	)		(304	)		(14,920	)

Net investment income (loss)		53,508			(135	)		(3,499	)		(600	)		(2,126	)		2,558			805			(4,801	)

Realized gain (loss) on investments		(8,815	)		1,183			(15,755	)		(2,286	)		(2	)		(21	)		1,218			(828	)
Change in unrealized gain (loss) on investments		29,483			11,168			38,349			36,135			26,741			855			8,118			141,881

Net gain (loss) on investments		20,668			12,351			22,594			33,849			26,739			834			9,336			141,053

Reinvested capital gains		-			1,938			32,688			15,507			5,040			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	74,176			14,154			51,783			48,756			29,653			3,392			10,141			136,252

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	MV3LMS			MV3MVI			MV3MVS			MVBRES			MVFIC			MVGTAS			MVIGIC			MVIGSC
Reinvested dividends	$	136			3,537			164,052			31,406			16,188			1,074			6,812			34,191
Mortality and expense risk charges (note 2)		(91	)		(637	)		(121,143	)		(32,118	)		(3,354	)		(10,261	)		(1,578	)		(41,470	)

Net investment income (loss)		45			2,900			42,909			(712	)		12,834			(9,187	)		5,234			(7,279	)

Realized gain (loss) on investments		-			(3,229	)		(167,347	)		(114,810	)		(16,969	)		(17,417	)		(2,337	)		(22,694	)
Change in unrealized gain (loss) on investments		372			20,016			910,055			555,462			23,579			58,349			26,722			334,623

Net gain (loss) on investments		372			16,787			742,708			440,652			6,610			40,932			24,385			311,929

Reinvested capital gains		-			6,707			364,810			233,088			68,043			27,828			19,425			119,944

Net increase (decrease) in contract owners’ equity resulting from operations	$	417			26,394			1,150,427			673,028			87,487			59,573			49,044			424,594


*Investment Activity:**	MVITSI			MVIVSC			MVUSC			MGRFV			MSEMB			MSGI2			MSVEG2			MSVEM
Reinvested dividends	$	106			143,322			179,724			47,081			570,749			120,242			-			4,409
Mortality and expense risk charges (note 2)		(66	)		(307,784	)		(68,035	)		(43,330	)		(75,318	)		(65,487	)		(203,008	)		(897	)

Net investment income (loss)		40			(164,462	)		111,689			3,751			495,431			54,755			(203,008	)		3,512

Realized gain (loss) on investments		(8,048	)		(93,349	)		(271,908	)		(683	)		(583,950	)		(212,595	)		(162,049	)		(7,321	)
Change in unrealized gain (loss) on investments		12,926			2,465,791			(361,397	)		(117,285	)		718,152			(404,811	)		6,641,983			30,432

Net gain (loss) on investments		4,878			2,372,442			(633,305	)		(117,968	)		134,202			(617,406	)		6,479,934			23,111

Reinvested capital gains		813			2,294,476			301,462			184,078			-			746,908			-			4,773

Net increase (decrease) in contract owners’ equity resulting from operations	$	5,731			4,502,456			(220,154	)		69,861			629,633			184,257			6,276,926			31,396

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	MSVGT2			VKVGR2			DTRTFB			EIF2			GBF			GBF2			GEM			GEM2
Reinvested dividends	$	14,950			163,561			105,623			177,503			70,138			136,775			18,772			120,771
Mortality and expense risk charges (note 2)		(13,070	)		(98,738	)		(35,909	)		(122,497	)		(38,343	)		(64,007	)		(16,021	)		(89,613	)

Net investment income (loss)		1,880			64,823			69,714			55,006			31,795			72,768			2,751			31,158

Realized gain (loss) on investments		(62,765	)		(756,811	)		(205,814	)		329,105			(237,580	)		(163,574	)		(4,947	)		(602,705	)
Change in unrealized gain (loss) on investments		177,497			1,411,425			284,780			(163,351	)		275,255			259,092			29,713			781,368

Net gain (loss) on investments		114,732			654,614			78,966			165,754			37,675			95,518			24,766			178,663

Reinvested capital gains		-			-			-			902,618			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	116,612			719,437			148,680			1,123,378			69,470			168,286			27,517			209,821


*Investment Activity:**	GVAAA2			GVABD2			GVAGG2			GVAGI2			GVAGR2			GVDMA			GVDMC			GVEX1
Reinvested dividends	$	-			-			-			-			-			-			-			4,294,135
Mortality and expense risk charges (note 2)		(1,087,671	)		(159,558	)		(315,708	)		(534,853	)		(767,419	)		(266,390	)		(195,662	)		(3,808,552	)

Net investment income (loss)		(1,087,671	)		(159,558	)		(315,708	)		(534,853	)		(767,419	)		(266,390	)		(195,662	)		485,583

Realized gain (loss) on investments		(521,947	)		(353,123	)		326,946			162,121			3,675,733			(2,566,996	)		(1,644,434	)		(60,791,895	)
Change in unrealized gain (loss) on investments		3,014,013			949,073			2,740,554			6,197,280			10,651,924			5,970,556			3,378,712			132,136,602

Net gain (loss) on investments		2,492,066			595,950			3,067,500			6,359,401			14,327,657			3,403,560			1,734,278			71,344,707

Reinvested capital gains		9,326,973			-			2,857,095			4,396,920			7,854,281			226,201			-			410,360

Net increase (decrease) in contract owners’ equity resulting from operations	$	10,731,368			436,392			5,608,887			10,221,468			21,414,519			3,363,371			1,538,616			72,240,650

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	GVIDA			GVIDC			GVIDM			HIBF			IDPG2			IDPGI2			MCIF			MSBF
Reinvested dividends	$	-			-			-			355,478			-			-			799,764			634,027
Mortality and expense risk charges (note 2)		(74,744	)		(191,211	)		(721,014	)		(66,816	)		(31,219	)		(34,326	)		(757,020	)		(134,159	)

Net investment income (loss)		(74,744	)		(191,211	)		(721,014	)		288,662			(31,219	)		(34,326	)		42,744			499,868

Realized gain (loss) on investments		(354,650	)		(486,400	)		(5,767,243	)		(111,311	)		(145,024	)		(26,486	)		(3,368,391	)		(127,496	)
Change in unrealized gain (loss) on investments		1,294,860			1,622,900			13,891,413			483,959			463,883			357,447			9,118,532			(183,147	)

Net gain (loss) on investments		940,210			1,136,500			8,124,170			372,648			318,859			330,961			5,750,141			(310,643	)

Reinvested capital gains		63,315			-			-			-			-			-			3,510,669			546,404

Net increase (decrease) in contract owners’ equity resulting from operations	$	928,781			945,289			7,403,156			661,310			287,640			296,635			9,303,554			735,629


*Investment Activity:**	NAMAA2			NAMGI2			NCPG2			NCPGI2			NDESY			NIFY			NJMMA2			NLCGY
Reinvested dividends	$	-			-			-			-			124			5,397			33,327			10,012
Mortality and expense risk charges (note 2)		(82,192	)		(55,317	)		(13,437	)		(19,134	)		(2,487	)		(3,652	)		(14,108	)		(11,449	)

Net investment income (loss)		(82,192	)		(55,317	)		(13,437	)		(19,134	)		(2,363	)		1,745			19,219			(1,437	)

Realized gain (loss) on investments		(144,235	)		204,174			(6,182	)		(2,983	)		34,820			18,840			(10,977	)		58,133
Change in unrealized gain (loss) on investments		689,348			592,224			96,338			172,895			305,295			312,296			94,888			885,382

Net gain (loss) on investments		545,113			796,398			90,156			169,912			340,115			331,136			83,911			943,515

Reinvested capital gains		587,720			334,456			15,555			-			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	1,050,641			1,075,537			92,274			150,778			337,752			332,881			103,130			942,078

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	NUSTLY			NVAMV2			NVAMVZ			NVBX			NVCBD2			NVCCA2			NVCCN2			NVCMA2
Reinvested dividends	$	-			27,313			178,553			1,107,046			136,163			-			-			-
Mortality and expense risk charges (note 2)		(6,306	)		(25,235	)		(141,211	)		(453,597	)		(59,677	)		(149,959	)		(139,525	)		(87,753	)

Net investment income (loss)		(6,306	)		2,078			37,342			653,449			76,486			(149,959	)		(139,525	)		(87,753	)

Realized gain (loss) on investments		60,315			100,661			(792,206	)		(862,582	)		(428,180	)		(161,674	)		56,452			506
Change in unrealized gain (loss) on investments		726,022			(90,360	)		891,610			1,767,523			548,333			1,013,124			617,013			704,962

Net gain (loss) on investments		786,337			10,301			99,404			904,941			120,153			851,450			673,465			705,468

Reinvested capital gains		-			121,143			621,409			-			-			777,928			208,337			420,051

Net increase (decrease) in contract owners’ equity resulting from operations	$	780,031			133,522			758,155			1,558,390			196,639			1,479,419			742,277			1,037,766


*Investment Activity:**	NVCMC2			NVCMD2			NVCRA2			NVCRB2			NVDBL2			NVDCA2			NVFIII			NVGEII
Reinvested dividends	$	-			-			-			-			-			-			163,914			18,697
Mortality and expense risk charges (note 2)		(117,417	)		(223,445	)		(66,722	)		(135,291	)		(130,880	)		(172,308	)		(76,985	)		(14,661	)

Net investment income (loss)		(117,417	)		(223,445	)		(66,722	)		(135,291	)		(130,880	)		(172,308	)		86,929			4,036

Realized gain (loss) on investments		28,137			31,671			223,742			20,854			(726,756	)		(1,759,197	)		(229,156	)		52,726
Change in unrealized gain (loss) on investments		461,142			1,117,351			412,755			676,821			1,973,338			3,908,372			378,048			176,220

Net gain (loss) on investments		489,279			1,149,022			636,497			697,675			1,246,582			2,149,175			148,892			228,946

Reinvested capital gains		390,130			1,021,620			305,339			569,335			-			13,552			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	761,992			1,947,197			875,114			1,131,719			1,115,702			1,990,419			235,821			232,982

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	NVIE6			NVIX			NVLCPP			NVLCPY			NVMGA2			NVMIG6			NVMIVZ			NVMLG2
Reinvested dividends	$	66,291			1,149,635			825,945			1,363			-			113,476			95,855			666,748
Mortality and expense risk charges (note 2)		(28,036	)		(529,786	)		(280,433	)		(148	)		(31,157	)		(99,256	)		(49,431	)		(161,777	)

Net investment income (loss)		38,255			619,849			545,512			1,215			(31,157	)		14,220			46,424			504,971

Realized gain (loss) on investments		(18,501	)		(112,880	)		(773,350	)		(1,071	)		(1,702	)		(902,006	)		132,567			19,430
Change in unrealized gain (loss) on investments		442,444			6,801,073			1,619,025			2,899			320,831			1,971,764			317,209			2,861,674

Net gain (loss) on investments		423,943			6,688,193			845,675			1,828			319,129			1,069,758			449,776			2,881,104

Reinvested capital gains		-			-			-			-			-			-			-			643,937

Net increase (decrease) in contract owners’ equity resulting from operations	$	462,198			7,308,042			1,391,187			3,043			287,972			1,083,978			496,200			4,030,012


*Investment Activity:**	NVMM2			NVMMG1			NVMMG2			NVMMV2			NVNMO1			NVNMO2			NVNSR2			NVOLG2
Reinvested dividends	$	7,694,958			-			-			99,316			-			14,983			3,851			179,739
Mortality and expense risk charges (note 2)		(2,278,426	)		(1,869	)		(111,009	)		(90,484	)		(715	)		(41,724	)		(13,632	)		(182,365	)

Net investment income (loss)		5,416,532			(1,869	)		(111,009	)		8,832			(715	)		(26,741	)		(9,781	)		(2,626	)

Realized gain (loss) on investments		-			(15,787	)		(3,997,168	)		125,580			2,339			81,261			(6,352	)		811,650
Change in unrealized gain (loss) on investments		-			70,204			5,728,455			(696,016	)		30,130			379,083			100,698			2,297,729

Net gain (loss) on investments		-			54,417			1,731,287			(570,436	)		32,469			460,344			94,346			3,109,379

Reinvested capital gains		18			-			-			1,007,405			1			265,877			149,331			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	5,416,550			52,548			1,620,278			445,801			31,755			699,480			233,896			3,106,753

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	NVRE2			NVSIX2			NVSTB2			NVTIV3			SAM			SCF			SCF2			SCGF
Reinvested dividends	$	129,927			427,740			522,493			11,707			1,475			24,805			18,675			-
Mortality and expense risk charges (note 2)		(79,090	)		(430,313	)		(203,333	)		(5,285	)		(414	)		(71,253	)		(63,853	)		(45,393	)

Net investment income (loss)		50,837			(2,573	)		319,160			6,422			1,061			(46,448	)		(45,178	)		(45,393	)

Realized gain (loss) on investments		(730,244	)		(84,605	)		(106,634	)		1,776			-			39,275			(1,321,917	)		(242,891	)
Change in unrealized gain (loss) on investments		1,233,626			5,184,795			449,404			54,626			-			536,432			2,256,828			732,503

Net gain (loss) on investments		503,382			5,100,190			342,770			56,402			-			575,707			934,911			489,612

Reinvested capital gains		142,760			241,217			-			-			-			29,482			35,641			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	696,979			5,338,834			661,930			62,824			1,061			558,741			925,374			444,219


*Investment Activity:**	SCGF2			SCVF			SCVF2			TRF			TRF2			AMSRS			NBARMS			NOTBBA
Reinvested dividends	$	-			9,031			5,427			21,880			38,504			-			-			133,879
Mortality and expense risk charges (note 2)		(45,963	)		(34,134	)		(32,790	)		(21,968	)		(36,557	)		(15	)		(14,459	)		(82,408	)

Net investment income (loss)		(45,963	)		(25,103	)		(27,363	)		(88	)		1,947			(15	)		(14,459	)		51,471

Realized gain (loss) on investments		(1,070,721	)		(89,297	)		(519,813	)		5,351			(2,049	)		(1,930	)		(24,525	)		(170,915	)
Change in unrealized gain (loss) on investments		1,873,445			343,670			708,960			(60,650	)		(108,776	)		3,082			187,870			125,542

Net gain (loss) on investments		802,724			254,373			189,147			(55,299	)		(110,825	)		1,152			163,345			(45,373	)

Reinvested capital gains		-			106,909			136,585			159,016			330,568			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	756,761			336,179			298,369			103,629			221,690			1,137			148,886			6,098

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	PSHYBI			PSTRBI			PMUBA			PMVAAD			PMVEBD			PMVFAD			PMVFHI			PMVFHV
Reinvested dividends	$	-			-			134,067			127,617			239,836			47,601			37,601			88,241
Mortality and expense risk charges (note 2)		(181	)		(1,945	)		(45,016	)		(67,103	)		(50,017	)		(23,183	)		(4,645	)		(36,902	)

Net investment income (loss)		(181	)		(1,945	)		89,051			60,514			189,819			24,418			32,956			51,339

Realized gain (loss) on investments		52			159			(284,552	)		(198,507	)		(211,088	)		(169,560	)		(24,475	)		(93,634	)
Change in unrealized gain (loss) on investments		8,481			47,753			398,425			419,401			413,992			233,421			75,434			205,053

Net gain (loss) on investments		8,533			47,912			113,873			220,894			202,904			63,861			50,959			111,419

Reinvested capital gains		-			-			-			-			-			-			38,469			98,256

Net increase (decrease) in contract owners’ equity resulting from operations	$	8,352			45,967			202,924			281,408			392,723			88,279			122,384			261,014


*Investment Activity:**	PMVGBD			PMVHYD			PMVHYI			PMVII			PMVIV			PMVLAD			PMVLDI			PMVRI
Reinvested dividends	$	36,715			371,900			20,960			217,315			951,701			392,900			52,833			33,032
Mortality and expense risk charges (note 2)		(24,887	)		(89,234	)		(1,256	)		(13,578	)		(212,596	)		(163,498	)		(4,591	)		(3,531	)

Net investment income (loss)		11,828			282,666			19,704			203,737			739,105			229,402			48,242			29,501

Realized gain (loss) on investments		(74,664	)		(650,567	)		(106,427	)		(129,272	)		(640,155	)		(570,511	)		(25,706	)		(46,118	)
Change in unrealized gain (loss) on investments		98,657			556,262			114,527			241,997			1,075,337			690,867			40,662			47,772

Net gain (loss) on investments		23,993			(94,305	)		8,100			112,725			435,182			120,356			14,956			1,654

Reinvested capital gains		19,005			-			-			-			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	54,826			188,361			27,804			316,462			1,174,287			349,758			63,198			31,155

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	PMVRSD			PMVRSI			PMVSTA			PMVSTI			PMVTRI			PNVCA1			PNVCB1			PNVDI1
Reinvested dividends	$	1,081,862			106,895			578,693			61,442			79,282			592			24,449			1,364
Mortality and expense risk charges (note 2)		(74,766	)		(2,346	)		(145,977	)		(4,493	)		(7,355	)		(170	)		(1,758	)		(287	)

Net investment income (loss)		1,007,096			104,549			432,716			56,949			71,927			422			22,691			1,077

Realized gain (loss) on investments		(1,568,501	)		(61,805	)		(82,238	)		(9,428	)		(60,322	)		(660	)		(4,396	)		(2,035	)
Change in unrealized gain (loss) on investments		(122,747	)		(96,570	)		245,698			25,476			122,901			6,938			17,806			14,973

Net gain (loss) on investments		(1,691,248	)		(158,375	)		163,460			16,048			62,579			6,278			13,410			12,938

Reinvested capital gains		-			-			-			-			-			4,635			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	(684,152	)		(53,826	)		596,176			72,997			134,506			11,335			36,101			14,015


*Investment Activity:**	PNVMC1			PNVSC1			PNVST1			PROA30			PROAHY			PROBIO			PROBL			PROBM
Reinvested dividends	$	-			99			532			762			134,865			-			-			5,111
Mortality and expense risk charges (note 2)		(1,449	)		(101	)		(108	)		(8,042	)		(30,173	)		(45,192	)		(58,693	)		(13,252	)

Net investment income (loss)		(1,449	)		(2	)		424			(7,280	)		104,692			(45,192	)		(58,693	)		(8,141	)

Realized gain (loss) on investments		(3,309	)		44			(31	)		4,815			(44,371	)		(585,967	)		(256,399	)		11,122
Change in unrealized gain (loss) on investments		102,215			4,336			2,095			23,077			123,266			459,054			480,815			69,296

Net gain (loss) on investments		98,906			4,380			2,064			27,892			78,895			(126,913	)		224,416			80,418

Reinvested capital gains		12,240			-			-			29,087			-			447,216			571,559			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	109,697			4,378			2,488			49,699			183,587			275,111			737,282			72,277

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	PROBNK			PROBR			PROCG			PROCS			PROE30			PROEM			PROFIN			PROGVP
Reinvested dividends	$	10,088			261			4,549			-			24,151			43,962			7,760			11,594
Mortality and expense risk charges (note 2)		(13,027	)		(1,726	)		(33,364	)		(33,189	)		(18,943	)		(24,590	)		(27,884	)		(3,430	)

Net investment income (loss)		(2,939	)		(1,465	)		(28,815	)		(33,189	)		5,208			19,372			(20,124	)		8,164

Realized gain (loss) on investments		(131,052	)		(24,636	)		(384,916	)		231,501			151,261			(18,960	)		34,875			(58,317	)
Change in unrealized gain (loss) on investments		178,134			(11,696	)		133,406			286,750			25,048			97,635			96,859			29,927

Net gain (loss) on investments		47,082			(36,332	)		(251,510	)		518,251			176,309			78,675			131,734			(28,390	)

Reinvested capital gains		-			-			347,639			115,048			-			-			70,190			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	44,143			(37,797	)		67,314			600,110			181,517			98,047			181,800			(20,226	)


*Investment Activity:**	PROHC			PROIND			PROINT			PROJP			PRON			PRONET			PROOG			PROPHR
Reinvested dividends	$	-			-			-			-			-			-			177,225			6,636
Mortality and expense risk charges (note 2)		(80,311	)		(41,186	)		(7,798	)		(15,500	)		(113,610	)		(46,283	)		(108,453	)		(15,755	)

Net investment income (loss)		(80,311	)		(41,186	)		(7,798	)		(15,500	)		(113,610	)		(46,283	)		68,772			(9,119	)

Realized gain (loss) on investments		(209,922	)		111,971			70,465			186,542			1,539,623			42,936			418,340			(81,216	)
Change in unrealized gain (loss) on investments		(382,308	)		43,256			21,458			67,829			1,267,338			702,389			(753,592	)		(1,738	)

Net gain (loss) on investments		(592,230	)		155,227			91,923			254,371			2,806,961			745,325			(335,252	)		(82,954	)

Reinvested capital gains		596,557			252,270			-			-			39,988			505,416			-			24,668

Net increase (decrease) in contract owners’ equity resulting from operations	$	(75,984	)		366,311			84,125			238,871			2,733,339			1,204,458			(266,480	)		(67,405	)

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	PROPM			PRORRO			PROSCN			PROSEM			PROSIN			PROSN			PROTEC			PROTEL
Reinvested dividends	$	-			2,414			-			19			416			-			-			3,654
Mortality and expense risk charges (note 2)		(43,756	)		(13,361	)		(220,917	)		(442	)		(962	)		(2,688	)		(211,190	)		(9,340	)

Net investment income (loss)		(43,756	)		(10,947	)		(220,917	)		(423	)		(546	)		(2,688	)		(211,190	)		(5,686	)

Realized gain (loss) on investments		(171,457	)		442,909			2,439,899			15,241			(33,098	)		(82,288	)		(902,101	)		93,677
Change in unrealized gain (loss) on investments		(83,459	)		(492,715	)		5,916,149			(38	)		(180	)		(13,590	)		4,884,657			51,127

Net gain (loss) on investments		(254,916	)		(49,806	)		8,356,048			15,203			(33,278	)		(95,878	)		3,982,556			144,804

Reinvested capital gains		-			-			170,128			23			-			157			2,062,741			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	(298,672	)		(60,753	)		8,305,259			14,803			(33,824	)		(98,409	)		5,834,107			139,118


*Investment Activity:**	PROUN			PROUSN			PROUTL			PVEIB			PVEIIA			PVIGIB			PVNOB			PVTIGB
Reinvested dividends	$	-			-			48,540			393,701			11,005			20,255			-			58
Mortality and expense risk charges (note 2)		(63,036	)		(4,424	)		(53,901	)		(228,221	)		(2,748	)		(15,579	)		(19	)		(3,700	)

Net investment income (loss)		(63,036	)		(4,424	)		(5,361	)		165,480			8,257			4,676			(19	)		(3,642	)

Realized gain (loss) on investments		120,686			(309,878	)		(495,111	)		294,158			(379	)		(31,414	)		-			3,959
Change in unrealized gain (loss) on investments		1,752,937			(38,011	)		96,842			1,247,293			105,258			210,564			1,530			49,146

Net gain (loss) on investments		1,873,623			(347,889	)		(398,269	)		1,541,451			104,879			179,150			1,530			53,105

Reinvested capital gains		-			-			-			1,103,609			27,729			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	1,810,587			(352,313	)		(403,630	)		2,810,540			140,865			183,826			1,511			49,463

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	TRBCGP			TRHS2			TRLT1			TRMCG2			VEEMS			VVGGS			VWEM			VWHA
Reinvested dividends	$	-			-			14,621			-			26,124			-			61			60,158
Mortality and expense risk charges (note 2)		(12,499	)		(305,416	)		(1,507	)		(4,775	)		(8,639	)		(69,483	)		(4	)		(75,470	)

Net investment income (loss)		(12,499	)		(305,416	)		13,114			(4,775	)		17,485			(69,483	)		57			(15,312	)

Realized gain (loss) on investments		(27,923	)		420,548			(824	)		(16,568	)		(45,979	)		(623,279	)		1			(920,761	)
Change in unrealized gain (loss) on investments		1,498,754			(727,664	)		9,467			56,059			91,220			961,823			94			(183,250	)

Net gain (loss) on investments		1,470,831			(307,116	)		8,643			39,491			45,241			338,544			95			(1,104,011	)

Reinvested capital gains		-			1,018,167			-			42,555			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations	$	1,458,332			405,635			21,757			77,271			62,726			269,061			152			(1,119,323	)


*Investment Activity:**	VWHAS			VVEI			VVHGB			VVI			VVMCI			VVSTC			VVTISI			VVTSM
Reinvested dividends	$	205,800			3,658			99,291			55,977			34,641			92,913			104,780			46,190
Mortality and expense risk charges (note 2)		(90,255	)		(992	)		(18,010	)		(12,740	)		(10,429	)		(18,616	)		(16,042	)		(14,834	)

Net investment income (loss)		115,545			2,666			81,281			43,237			24,212			74,297			88,738			31,356

Realized gain (loss) on investments		686,095			29,670			(76,236	)		(558,479	)		(70,807	)		(61,196	)		(138,501	)		(122,585	)
Change in unrealized gain (loss) on investments		(1,206,395	)		(25,719	)		336,553			932,587			496,081			326,388			715,642			976,084

Net gain (loss) on investments		(520,300	)		3,951			260,317			374,108			425,274			265,192			577,141			853,499

Reinvested capital gains		-			7,152			-			120,704			43,471			-			43,877			225,118

Net increase (decrease) in contract owners’ equity resulting from operations	$	(404,755	)		13,769			341,598			538,049			492,957			339,489			709,756			1,109,973

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2023


*Investment Activity:**	VRVDRA
Reinvested dividends	$	83,857
Mortality and expense risk charges (note 2)		(44,732	)

Net investment income (loss)		39,125

Realized gain (loss) on investments		69,582
Change in unrealized gain (loss) on investments		238,195

Net gain (loss) on investments		307,777

Reinvested capital gains		40,731

Net increase (decrease) in contract owners’ equity resulting from operations	$	387,633

*	For all subaccounts not included herein but listed as an investment option in note 1(b), there was no activity during the period. See note 1(b) for all investments available for which no contract owners were invested at December 31, 2023, if applicable.

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	ALVBWB						ALVGIA						ALVIVB						ALVSVA
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(2,590	)		13,683			488			682			(3,838	)		10,861			264			87
Realized gain (loss) on investments		(11,801	)		(6,220	)		(9,453	)		(2,457	)		26,235			(2,589	)		(2,345	)		(90	)
Change in unrealized gain (loss) on investments		48,033			(256,429	)		52,576			(10,404	)		16,079			(59,359	)		6,108			(2,647	)
Reinvested capital gains		32,462			76,420			6,095			10,355			-			-			3,085			1,567

Net increase (decrease) in contract owners’ equity resulting from operations		66,104			(172,546	)		49,706			(1,824	)		38,476			(51,087	)		7,112			(1,083	)

Equity transactions:
Purchase payments received from contract owners (note 4)		-			-			174,742			31,357			-			(1	)		49,178			16,097
Transfers between funds		(50,219	)		(724	)		448,244			11,832			(117,687	)		108,760			(4,834	)		(117	)
Redemptions (notes 2, 3, and 4)		(15,021	)		(61,598	)		(26,125	)		(12,981	)		(36,239	)		(30,397	)		(660	)		(389	)
Adjustments to maintain reserves		(20	)		(35	)		(7	)		1			(30	)		(19	)		(4	)		10

Net equity transactions		(65,260	)		(62,357	)		596,854			30,209			(153,956	)		78,343			43,680			15,601

Net change in contract owners’ equity		844			(234,903	)		646,560			28,385			(115,480	)		27,256			50,792			14,518
Contract owners’ equity at beginning of period		646,320			881,223			78,567			50,182			386,258			359,002			14,518			-

Contract owners’ equity at end of period	$	647,164			646,320			725,127			78,567			270,778			386,258			65,310			14,518

CHANGE IN UNITS:
Beginning units		43,027			46,826			8,055			4,912			46,516			36,750			1,702			-
Units purchased		44			87			63,576			5,548			31,603			17,384			6,464			1,761
Units redeemed		(4,360	)		(3,886	)		(5,086	)		(2,405	)		(49,216	)		(7,618	)		(1,609	)		(59	)

Ending units		38,711			43,027			66,545			8,055			28,903			46,516			6,557			1,702

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	AASCO						ALCAI2					WFVSG1						AAEIP3
	2023			2022			2023			2022		2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(266	)		(33	)		(144	)		-		(2,116	)		(1,633	)		69,079			139,228
Realized gain (loss) on investments		(2,705	)		(1,708	)		1,628			-		(70,926	)		(56,295	)		231,827			254,917
Change in unrealized gain (loss) on investments		12,945			(4,104	)		13,827			-		110,925			(238,055	)		142,486			190,461
Reinvested capital gains		-			2,161			-			-		-			77,739			45,144			-

Net increase (decrease) in contract owners’ equity resulting from operations		9,974			(3,684	)		15,311			-		37,883			(218,244	)		488,536			584,606

Equity transactions:
Purchase payments received from contract owners (note 4)		109,511			13,964			84,342			-		204,467			102,099			15,115			144,765
Transfers between funds		6,492			1,620			14,619			-		64,472			17,053			(459,623	)		362,994
Redemptions (notes 2, 3, and 4)		(1,884	)		(97	)		(627	)		-		(66,925	)		(16,395	)		(292,100	)		(519,920	)
Adjustments to maintain reserves		(2	)		(74	)		(3	)		-		(6	)		6			(152	)		340

Net equity transactions		114,117			15,413			98,331			-		202,008			102,763			(736,760	)		(11,821	)

Net change in contract owners’ equity		124,091			11,729			113,642			-		239,891			(115,481	)		(248,224	)		572,785
Contract owners’ equity at beginning of period		11,729			-			-			-		493,514			608,995			4,545,718			3,972,933

Contract owners’ equity at end of period	$	135,820			11,729			113,642			-		733,405			493,514			4,297,494			4,545,718

CHANGE IN UNITS:
Beginning units		1,664			-			-			-		73,604			59,470			430,473			437,123
Units purchased		15,253			1,735			9,603			-		57,897			28,650			117,785			207,346
Units redeemed		(318	)		(71	)		(323	)		-		(26,340	)		(14,516	)		(185,790	)		(213,996	)

Ending units		16,599			1,664			9,280			-		105,161			73,604			362,468			430,473

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	ARLPE3						ACVGI						ACVI						ACVIG
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(14,491	)		135,066			(2,717	)		(4,214	)		1,255			809			8,153			32,002
Realized gain (loss) on investments		(115,477	)		(172,651	)		(56,284	)		(107,575	)		(4,527	)		(1,879	)		(498,441	)		(446,344	)
Change in unrealized gain (loss) on investments		398,124			(637,509	)		498,454			(546,538	)		17,795			(29,348	)		999,965			(3,960,742	)
Reinvested capital gains		-			112,837			-			123,378			-			11,211			-			2,678,962

Net increase (decrease) in contract owners’ equity resulting from operations		268,156			(562,257	)		439,453			(534,949	)		14,523			(19,207	)		509,677			(1,696,122	)

Equity transactions:
Purchase payments received from contract owners (note 4)		9,546			42,763			77,160			270,367			82,723			53,328			33,331			58,298
Transfers between funds		(27,201	)		(313,330	)		(134,345	)		8,165			14,731			7,099			(459,983	)		(920,374	)
Redemptions (notes 2, 3, and 4)		(178,860	)		(273,449	)		(171,021	)		(274,242	)		(2,895	)		(848	)		(1,603,448	)		(1,221,905	)
Adjustments to maintain reserves		(83	)		29			(12	)		6			(5	)		6			(131	)		1

Net equity transactions		(196,598	)		(543,987	)		(228,218	)		4,296			94,554			59,585			(2,030,231	)		(2,083,980	)

Net change in contract owners’ equity		71,558			(1,106,244	)		211,235			(530,653	)		109,077			40,378			(1,520,554	)		(3,780,102	)
Contract owners’ equity at beginning of period		1,110,264			2,216,508			1,064,161			1,594,814			75,745			35,367			8,964,623			12,744,725

Contract owners’ equity at end of period	$	1,181,822			1,110,264			1,275,396			1,064,161			184,822			75,745			7,444,069			8,964,623

CHANGE IN UNITS:
Beginning units		76,479			107,419			114,516			117,540			10,434			3,653			562,230			687,683
Units purchased		9,339			10,019			10,322			44,773			13,772			7,237			6,762			25,924
Units redeemed		(21,781	)		(40,959	)		(28,818	)		(47,797	)		(1,510	)		(456	)		(132,465	)		(151,377	)

Ending units		64,037			76,479			96,020			114,516			22,696			10,434			436,527			562,230

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	ACVIP1						ACVIP2						ACVMV2						ACVU1
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	15,655			35,792			319,227			1,293,421			27,910			27,282			(27,348	)		(28,174	)
Realized gain (loss) on investments		(48,522	)		(28,387	)		(468,607	)		(2,197,910	)		(242,656	)		(133,407	)		91,396			49,088
Change in unrealized gain (loss) on investments		65,825			(85,110	)		464,048			(1,878,049	)		38,214			(395,290	)		586,354			(1,276,797	)
Reinvested capital gains		-			1,624			-			158,259			331,537			360,515			168,943			243,810

Net increase (decrease) in contract owners’ equity resulting from operations		32,958			(76,081	)		314,668			(2,624,279	)		155,005			(140,900	)		819,345			(1,012,073	)

Equity transactions:
Purchase payments received from contract owners (note 4)		113,813			976,689			494,689			2,097,351			490,889			663,574			58,186			112,166
Transfers between funds		(499,179	)		248,934			(1,404,680	)		(1,809,177	)		(456,161	)		757,007			(85,183	)		(1,240	)
Redemptions (notes 2, 3, and 4)		(22,376	)		(247,297	)		(1,587,418	)		(1,901,287	)		(185,490	)		(82,223	)		(285,495	)		(85,328	)
Adjustments to maintain reserves		(12	)		57			(176	)		3,166			(22	)		(49	)		4			(17	)

Net equity transactions		(407,754	)		978,383			(2,497,585	)		(1,609,947	)		(150,784	)		1,338,309			(312,488	)		25,581

Net change in contract owners’ equity		(374,796	)		902,302			(2,182,917	)		(4,234,226	)		4,221			1,197,409			506,857			(986,492	)
Contract owners’ equity at beginning of period		938,589			36,287			16,273,486			20,507,712			3,344,375			2,146,966			2,081,824			3,068,316

Contract owners’ equity at end of period	$	563,793			938,589			14,090,569			16,273,486			3,348,596			3,344,375			2,588,681			2,081,824

CHANGE IN UNITS:
Beginning units		106,617			3,579			1,515,094			1,652,915			217,519			136,116			106,695			95,856
Units purchased		23,499			146,456			332,890			4,176,387			56,900			226,398			14,433			17,275
Units redeemed		(68,094	)		(43,418	)		(566,822	)		(4,314,208	)		(66,429	)		(144,995	)		(21,864	)		(6,436	)

Ending units		62,022			106,617			1,281,162			1,515,094			207,990			217,519			99,264			106,695

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	ACVV						ACVV2						AFGC						AFGF
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	86,971			64,182			30,876			28,248			31,661			17,912			7,725			4,804
Realized gain (loss) on investments		193,997			267,458			(66,583	)		(282,097	)		(13,156	)		(39,546	)		(73,026	)		(260,110	)
Change in unrealized gain (loss) on investments		(347,883	)		(1,140,540	)		24,490			(121,455	)		7,628			(32,354	)		706,809			(219,562	)
Reinvested capital gains		717,551			691,913			225,171			256,920			-			-			125,088			178,156

Net increase (decrease) in contract owners’ equity resulting from operations		650,636			(116,987	)		213,954			(118,384	)		26,133			(53,988	)		766,596			(296,712	)

Equity transactions:
Purchase payments received from contract owners (note 4)		76,463			84,631			12,462			211,419			513,851			236,949			1,394,754			1,568,659
Transfers between funds		(244,564	)		804,185			(226,428	)		471,514			23,453			3,907			(152,594	)		83,732
Redemptions (notes 2, 3, and 4)		(1,026,532	)		(670,277	)		(181,480	)		(305,242	)		(112,146	)		(74,575	)		(151,759	)		(446,346	)
Adjustments to maintain reserves		(117	)		(194	)		(20	)		(17	)		(4	)		405			-			3,769

Net equity transactions		(1,194,750	)		218,345			(395,466	)		377,674			425,154			166,686			1,090,401			1,209,814

Net change in contract owners’ equity		(544,114	)		101,358			(181,512	)		259,290			451,287			112,698			1,856,997			913,102
Contract owners’ equity at beginning of period		9,508,871			9,407,513			2,971,054			2,711,764			471,141			358,443			1,294,553			381,451

Contract owners’ equity at end of period	$	8,964,757			9,508,871			2,789,542			2,971,054			922,428			471,141			3,151,550			1,294,553

CHANGE IN UNITS:
Beginning units		585,732			574,186			186,434			168,674			52,268			35,368			189,443			39,074
Units purchased		36,359			179,357			25,651			273,769			62,712			35,629			229,756			329,921
Units redeemed		(109,407	)		(167,811	)		(49,744	)		(256,009	)		(15,481	)		(18,729	)		(85,836	)		(179,552	)

Ending units		512,684			585,732			162,341			186,434			99,499			52,268			333,363			189,443

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	AMVBA1						AMVBC4						AMVCB4						AMVGS4
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	83,494			46,304			237,036			264,761			280,903			238,541			(71,147	)		(82,069	)
Realized gain (loss) on investments		(36,571	)		(99,727	)		(2,157,912	)		5,449,069			(68,637	)		1,416,779			(744,081	)		(1,024,631	)
Change in unrealized gain (loss) on investments		67,403			(94,631	)		7,428,212			(19,409,887	)		1,133,894			(3,643,070	)		1,538,659			(3,920,982	)
Reinvested capital gains		-			13,723			372,008			9,238,380			-			-			80,901			2,299,243

Net increase (decrease) in contract owners’ equity resulting from operations		114,326			(134,331	)		5,879,344			(4,457,677	)		1,346,160			(1,987,750	)		804,332			(2,728,439	)

Equity transactions:
Purchase payments received from contract owners (note 4)		1,185,717			1,024,542			2,738,038			3,455,350			1,282,430			1,761,416			178,528			356,800
Transfers between funds		142,249			37,414			(1,305,432	)		61,040			2,017,331			(2,630,350	)		(16,467	)		89,774
Redemptions (notes 2, 3, and 4)		(456,930	)		(113,952	)		(4,559,538	)		(2,453,412	)		(1,974,026	)		(1,427,196	)		(866,139	)		(733,225	)
Adjustments to maintain reserves		(2	)		1,963			(101	)		267,797			(136	)		132,856			(133	)		(1,916	)

Net equity transactions		871,034			949,967			(3,127,033	)		1,330,775			1,325,599			(2,163,274	)		(704,211	)		(288,567	)

Net change in contract owners’ equity		985,360			815,636			2,752,311			(3,126,902	)		2,671,759			(4,151,024	)		100,121			(3,017,006	)
Contract owners’ equity at beginning of period		1,605,712			790,076			40,100,304			43,227,206			16,732,703			20,883,727			5,999,386			9,016,392

Contract owners’ equity at end of period	$	2,591,072			1,605,712			42,852,615			40,100,304			19,404,462			16,732,703			6,099,507			5,999,386

CHANGE IN UNITS:
Beginning units		181,391			78,036			2,346,136			2,284,772			1,349,337			1,543,177			394,439			412,454
Units purchased		164,344			125,335			378,448			598,741			370,610			465,256			62,171			116,605
Units redeemed		(66,540	)		(21,980	)		(558,380	)		(537,377	)		(263,601	)		(659,096	)		(106,951	)		(134,620	)

Ending units		279,195			181,391			2,166,204			2,346,136			1,456,346			1,349,337			349,659			394,439

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	AMVGV2						AMVI4						AMVIG1						AMVM1
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	24,708			4,110			(7,346	)		44,126			332			(1,152	)		21,296			4,206
Realized gain (loss) on investments		(108,849	)		(47,820	)		(308,343	)		(1,367,502	)		480			(201,380	)		(2,421	)		(32,832	)
Change in unrealized gain (loss) on investments		(16,121	)		(7,164	)		1,595,763			(3,006,680	)		934			18,424			(1,579	)		(14,034	)
Reinvested capital gains		-			-			-			1,493,774			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		(100,262	)		(50,874	)		1,280,074			(2,836,282	)		1,746			(184,108	)		17,296			(42,660	)

Equity transactions:
Purchase payments received from contract owners (note 4)		439,701			182,826			91,999			325,017			-			103,833			227,102			201,644
Transfers between funds		567,293			259,175			(710,272	)		212,170			8,544			(900,599	)		11,037			(109,842	)
Redemptions (notes 2, 3, and 4)		(219,696	)		(14,215	)		(872,934	)		(701,400	)		(169	)		(49,848	)		(41,426	)		(60,368	)
Adjustments to maintain reserves		(11	)		(14	)		(68	)		51,298			(5	)		7,927			(6	)		456

Net equity transactions		787,287			427,772			(1,491,275	)		(112,915	)		8,370			(838,687	)		196,707			31,890

Net change in contract owners’ equity		687,025			376,898			(211,201	)		(2,949,197	)		10,116			(1,022,795	)		214,003			(10,770	)
Contract owners’ equity at beginning of period		376,898			-			9,623,870			12,573,067			4,572			1,027,367			374,168			384,938

Contract owners’ equity at end of period	$	1,063,923			376,898			9,412,669			9,623,870			14,688			4,572			588,171			374,168

CHANGE IN UNITS:
Beginning units		39,676			-			913,396			930,701			538			102,392			41,674			38,556
Units purchased		690,002			169,544			129,773			290,112			1,598			14,955			48,307			22,415
Units redeemed		(619,274	)		(129,868	)		(262,828	)		(307,417	)		(642	)		(116,809	)		(26,816	)		(19,297	)

Ending units		110,404			39,676			780,341			913,396			1,494			538			63,165			41,674

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	AMVNW1						AMVNW4						PIHYB2						PIVFI
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	22,179			13,104			32,098			9,185			4,735			4,373			644			402
Realized gain (loss) on investments		(12,437	)		(236,164	)		(232,588	)		(576,494	)		(520	)		(14,698	)		(634	)		(2,267	)
Change in unrealized gain (loss) on investments		187,892			(104,350	)		2,525,289			(6,343,964	)		6,708			(7,423	)		26,906			(9,801	)
Reinvested capital gains		-			87,525			-			1,616,191			-			-			5,641			1,871

Net increase (decrease) in contract owners’ equity resulting from operations		197,634			(239,885	)		2,324,799			(5,295,082	)		10,923			(17,748	)		32,557			(9,795	)

Equity transactions:
Purchase payments received from contract owners (note 4)		608,624			390,818			989,827			784,290			1			-			9,145			122,974
Transfers between funds		(36,628	)		1,924			(598,183	)		(369,479	)		(4,981	)		-			(474	)		(1,853	)
Redemptions (notes 2, 3, and 4)		(105,516	)		(82,241	)		(1,670,042	)		(802,140	)		(744	)		(2,237	)		(17,735	)		(345	)
Adjustments to maintain reserves		(6	)		3,108			(68	)		69,278			(13	)		320			1			21

Net equity transactions		466,474			313,609			(1,278,466	)		(318,051	)		(5,737	)		(1,917	)		(9,063	)		120,797

Net change in contract owners’ equity		664,108			73,724			1,046,333			(5,613,133	)		5,186			(19,665	)		23,494			111,002
Contract owners’ equity at beginning of period		1,041,489			967,765			16,560,247			22,173,380			119,024			138,689			111,002			-

Contract owners’ equity at end of period	$	1,705,597			1,041,489			17,606,580			16,560,247			124,210			119,024			134,496			111,002

CHANGE IN UNITS:
Beginning units		134,009			96,965			1,277,759			1,315,142			8,172			8,316			13,483			-
Units purchased		103,091			62,091			160,822			322,267			-			-			1,845			13,791
Units redeemed		(47,639	)		(25,047	)		(253,034	)		(359,650	)		(391	)		(144	)		(2,613	)		(308	)

Ending units		189,461			134,009			1,185,547			1,277,759			7,781			8,172			12,715			13,483

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	BRVDA3						BRVED3						BRVEDI						BRVHY3
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	14,737			15,538			35,261			14,419			55,659			35,281			808,609			638,862
Realized gain (loss) on investments		25,591			40,990			15,091			(15,790	)		(148,942	)		(118,213	)		(405,940	)		(420,170	)
Change in unrealized gain (loss) on investments		275,772			(500,067	)		241,806			(1,196,830	)		286,616			(315,037	)		1,329,184			(2,395,849	)
Reinvested capital gains		-			730			289,085			709,814			180,278			297,531			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		316,100			(442,809	)		581,243			(488,387	)		373,611			(100,438	)		1,731,853			(2,177,157	)

Equity transactions:
Purchase payments received from contract owners (note 4)		3,500			2,000			64,441			19,419			1,057,710			662,727			815,598			1,178,112
Transfers between funds		261,390			125,779			198,733			1,184,980			192,925			(144,786	)		(117,782	)		(607,275	)
Redemptions (notes 2, 3, and 4)		(320,172	)		(163,183	)		(506,356	)		(1,411,469	)		(328,064	)		(355,308	)		(1,983,909	)		(3,570,795	)
Adjustments to maintain reserves		(59	)		37			(96	)		(155	)		(4	)		23			4,586			13,772

Net equity transactions		(55,341	)		(35,367	)		(243,278	)		(207,225	)		922,567			162,656			(1,281,507	)		(2,986,186	)

Net change in contract owners’ equity		260,759			(478,176	)		337,965			(695,612	)		1,296,178			62,218			450,346			(5,163,343	)
Contract owners’ equity at beginning of period		2,360,524			2,838,700			5,670,557			6,366,169			2,578,956			2,516,738			15,626,560			20,789,903

Contract owners’ equity at end of period	$	2,621,283			2,360,524			6,008,522			5,670,557			3,875,134			2,578,956			16,076,906			15,626,560

CHANGE IN UNITS:
Beginning units		180,137			182,273			333,039			354,131			207,121			193,695			1,334,926			1,569,508
Units purchased		23,864			24,781			59,997			181,556			186,550			72,429			225,469			571,665
Units redeemed		(27,772	)		(26,917	)		(74,881	)		(202,648	)		(115,500	)		(59,003	)		(329,657	)		(806,247	)

Ending units		176,229			180,137			318,155			333,039			278,171			207,121			1,230,738			1,334,926

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	BRVHYI						BRVMMI						BRVSII						BRVTR1
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	101,782			58,261			24,789			4,139			21,630			9,434			15,120			2,808
Realized gain (loss) on investments		(30,981	)		(25,424	)		-			-			(42,051	)		(87,356	)		(5,553	)		(1,329	)
Change in unrealized gain (loss) on investments		132,923			(162,240	)		-			-			246,942			(159,156	)		12,835			(21,255	)
Reinvested capital gains		-			-			-			-			52,842			20,048			-			30

Net increase (decrease) in contract owners’ equity resulting from operations		203,724			(129,403	)		24,789			4,139			279,363			(217,030	)		22,402			(19,746	)

Equity transactions:
Purchase payments received from contract owners (note 4)		541,654			742,175			279,603			317,846			751,403			674,819			146,290			285,626
Transfers between funds		(30,308	)		(75,692	)		34,936			(59,306	)		138,820			(94,336	)		136,258			5,225
Redemptions (notes 2, 3, and 4)		(169,853	)		(149,422	)		(42,255	)		(51,499	)		(93,234	)		(115,115	)		(14,522	)		(3,080	)
Adjustments to maintain reserves		3,135			3,459			(9	)		4			3			(160	)		985			851

Net equity transactions		344,628			520,520			272,275			207,045			796,992			465,208			269,011			288,622

Net change in contract owners’ equity		548,352			391,117			297,064			211,184			1,076,355			248,178			291,413			268,876
Contract owners’ equity at beginning of period		1,390,932			999,815			390,521			179,337			1,232,795			984,617			296,666			27,790

Contract owners’ equity at end of period	$	1,939,284			1,390,932			687,585			390,521			2,309,150			1,232,795			588,079			296,666

CHANGE IN UNITS:
Beginning units		145,234			93,268			38,768			17,989			117,396			74,333			34,667			2,781
Units purchased		83,239			84,068			39,543			41,769			112,479			99,765			34,053			32,795
Units redeemed		(49,010	)		(32,102	)		(12,998	)		(20,990	)		(40,836	)		(56,702	)		(3,559	)		(909	)

Ending units		179,463			145,234			65,313			38,768			189,039			117,396			65,161			34,667

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	BRVTR3						MLVGA3						DCAP						DSRG
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	269,410			90,953			238,030			(300,168	)		66			47			45			18
Realized gain (loss) on investments		(654,071	)		(976,738	)		(582,755	)		(51,657	)		(57	)		(152	)		(1,418	)		(49	)
Change in unrealized gain (loss) on investments		793,781			(1,373,277	)		2,514,649			(4,622,698	)		2,216			(457	)		1,099			(1,099	)
Reinvested capital gains		-			2,079			-			348,083			1,060			-			763			484

Net increase (decrease) in contract owners’ equity resulting from operations		409,120			(2,256,983	)		2,169,924			(4,626,440	)		3,285			(562	)		489			(646	)

Equity transactions:
Purchase payments received from contract owners (note 4)		145,255			525,859			1,326,299			710,826			8,660			13,328			(6,781	)		6,952
Transfers between funds		2,120,954			(1,676,517	)		(726,878	)		(523,667	)		4,585			(1,121	)		-			-
Redemptions (notes 2, 3, and 4)		(1,968,530	)		(2,071,259	)		(2,847,998	)		(2,813,853	)		(1,591	)		(85	)		329			(355	)
Adjustments to maintain reserves		3,334			13,364			(170	)		(375	)		(7	)		2			-			12

Net equity transactions		301,013			(3,208,553	)		(2,248,747	)		(2,627,069	)		11,647			12,124			(6,452	)		6,609

Net change in contract owners’ equity		710,133			(5,465,536	)		(78,823	)		(7,253,509	)		14,932			11,562			(5,963	)		5,963
Contract owners’ equity at beginning of period		10,259,991			15,725,527			20,911,234			28,164,743			11,562			-			5,963			-

Contract owners’ equity at end of period	$	10,970,124			10,259,991			20,832,411			20,911,234			26,494			11,562			-			5,963

CHANGE IN UNITS:
Beginning units		1,087,478			1,411,456			1,359,733			1,518,940			1,330			-			755			-
Units purchased		424,245			304,486			137,226			103,603			1,365			1,476			15,134			797
Units redeemed		(393,431	)		(628,464	)		(281,791	)		(262,810	)		(167	)		(146	)		(15,889	)		(42	)

Ending units		1,118,292			1,087,478			1,215,168			1,359,733			2,528			1,330			-			755

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	DVMCSS						CVN1II						SASP5I						CLSCV1
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(54,056	)		(67,269	)		369			40			177,069			85,480			1,180			967
Realized gain (loss) on investments		(397,916	)		(105,620	)		25,126			(21	)		31,646			(565,294	)		(71,132	)		(22,858	)
Change in unrealized gain (loss) on investments		1,479,677			(3,729,905	)		305,325			(11,567	)		3,271,749			(1,535,121	)		114,860			(97,873	)
Reinvested capital gains		280,434			2,267,699			-			2,823			-			72,161			20,529			91,259

Net increase (decrease) in contract owners’ equity resulting from operations		1,308,139			(1,635,095	)		330,820			(8,725	)		3,480,464			(1,942,774	)		65,437			(28,505	)

Equity transactions:
Purchase payments received from contract owners (note 4)		114,641			36,921			851,256			59,396			7,739,230			6,112,812			50,130			36,342
Transfers between funds		39,921			(412,233	)		(45,671	)		2,822			(1,551,565	)		194,730			(125,983	)		(37,118	)
Redemptions (notes 2, 3, and 4)		(1,123,980	)		(564,455	)		(42,305	)		(198	)		(1,108,060	)		(1,610,246	)		(14,176	)		(2,833	)
Adjustments to maintain reserves		(118	)		222			(4	)		(2	)		162			44,662			(2	)		2,915

Net equity transactions		(969,536	)		(939,545	)		763,276			62,018			5,079,767			4,741,958			(90,031	)		(694	)

Net change in contract owners’ equity		338,603			(2,574,640	)		1,094,096			53,293			8,560,231			2,799,184			(24,594	)		(29,199	)
Contract owners’ equity at beginning of period		8,491,543			11,066,183			53,293			-			11,419,450			8,620,266			256,298			285,497

Contract owners’ equity at end of period	$	8,830,146			8,491,543			1,147,389			53,293			19,979,681			11,419,450			231,704			256,298

CHANGE IN UNITS:
Beginning units		565,476			624,257			6,358			-			1,029,341			634,116			27,980			28,366
Units purchased		33,271			24,761			145,581			6,381			974,501			876,222			10,875			5,732
Units redeemed		(94,457	)		(83,542	)		(63,011	)		(23	)		(572,420	)		(480,997	)		(18,030	)		(6,118	)

Ending units		504,290			565,476			88,928			6,358			1,431,422			1,029,341			20,825			27,980

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	CLVAB1						CLVDC1					CLVEM1						CLVHY1
	2023			2022			2023		2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	8,558			1,354			-		(44	)		(854	)		(1,150	)		2,500			376
Realized gain (loss) on investments		(3,017	)		(1,437	)		-		(1,018	)		(28,471	)		(157,253	)		5			(5	)
Change in unrealized gain (loss) on investments		13,189			(4,153	)		-		(7,828	)		64,518			(92,699	)		2,578			(439	)
Reinvested capital gains		-			1,244			-		-			-			102,084			-			56

Net increase (decrease) in contract owners’ equity resulting from operations		18,730			(2,992	)		-		(8,890	)		35,193			(149,018	)		5,083			(12	)

Equity transactions:
Purchase payments received from contract owners (note 4)		521,499			83,116			-		120			89,825			24,963			37,904			33,585
Transfers between funds		(44,660	)		(1,786	)		-		(91,298	)		17,832			75,726			698			41
Redemptions (notes 2, 3, and 4)		(28,176	)		(1,690	)		-		(154	)		(28,936	)		(17,500	)		(8,938	)		(112	)
Adjustments to maintain reserves		(5	)		30			-		4			(4	)		2,078			(4	)		2

Net equity transactions		448,658			79,670			-		(91,328	)		78,717			85,267			29,660			33,516

Net change in contract owners’ equity		467,388			76,678			-		(100,218	)		113,910			(63,751	)		34,743			33,504
Contract owners’ equity at beginning of period		76,678			-			-		100,218			341,605			405,356			33,504			-

Contract owners’ equity at end of period	$	544,066			76,678			-		-			455,515			341,605			68,247			33,504

CHANGE IN UNITS:
Beginning units		8,879			-			-		8,689			59,340			47,094			3,664			-
Units purchased		80,885			9,377			-		11			21,255			19,590			3,925			3,677
Units redeemed		(29,909	)		(498	)		-		(8,700	)		(8,057	)		(7,344	)		(913	)		(13	)

Ending units		59,855			8,879			-		-			72,538			59,340			6,676			3,664

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	CLVHY2						CLVIB1						CLVLD1						CLVLG1
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	177,991			147,927			9,983			704			5,339			800			(36	)		(1,095	)
Realized gain (loss) on investments		(39,772	)		(827,083	)		(2,347	)		(623	)		106			(16,591	)		298			(124,551	)
Change in unrealized gain (loss) on investments		259,192			(76,863	)		21,824			(2,887	)		5,696			1,128			3,240			(9,228	)
Reinvested capital gains		-			28,945			-			16			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		397,411			(727,074	)		29,460			(2,790	)		11,141			(14,663	)		3,502			(134,874	)

Equity transactions:
Purchase payments received from contract owners (note 4)		163,108			78,738			558,950			58,307			52,604			45,689			-			106,938
Transfers between funds		(84,873	)		(1,231,209	)		31,774			(2,054	)		12,864			(45,425	)		(1,178	)		(306,358	)
Redemptions (notes 2, 3, and 4)		(200,580	)		(335,389	)		(23,610	)		(244	)		(23,136	)		(60,901	)		(151	)		(24,412	)
Adjustments to maintain reserves		(85	)		8,893			(7	)		60			(7	)		214			(4	)		(1,988	)

Net equity transactions		(122,430	)		(1,478,967	)		567,107			56,069			42,325			(60,423	)		(1,333	)		(225,820	)

Net change in contract owners’ equity		274,981			(2,206,041	)		596,567			53,279			53,466			(75,086	)		2,169			(360,694	)
Contract owners’ equity at beginning of period		3,580,773			5,786,814			53,279			-			143,913			218,999			9,428			370,122

Contract owners’ equity at end of period	$	3,855,754			3,580,773			649,846			53,279			197,379			143,913			11,597			9,428

CHANGE IN UNITS:
Beginning units		334,252			478,912			6,307			-			15,473			22,038			1,206			33,964
Units purchased		164,842			444,743			87,056			6,704			6,997			6,274			-			17,142
Units redeemed		(173,897	)		(589,403	)		(20,787	)		(397	)		(2,547	)		(12,839	)		(139	)		(49,900	)

Ending units		325,197			334,252			72,576			6,307			19,923			15,473			1,067			1,206

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	CLVLV1						CLVPB1						CLVSE1						CLVTB1
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(4,800	)		(4,563	)		150			367			(718	)		(193	)		4,189			734
Realized gain (loss) on investments		23,742			4,599			(550	)		(3,685	)		990			(128	)		(224	)		(55	)
Change in unrealized gain (loss) on investments		60,248			(38,489	)		1,383			(482	)		22,516			1,268			5,552			(2,355	)
Reinvested capital gains		-			-			-			197			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		79,190			(38,453	)		983			(3,603	)		22,788			947			9,517			(1,676	)

Equity transactions:
Purchase payments received from contract owners (note 4)		212,793			417,951			-			2,485			134,052			94,334			117,942			100,917
Transfers between funds		(417,083	)		(155,694	)		715			(530	)		15,190			(7,241	)		12,164			4,759
Redemptions (notes 2, 3, and 4)		(254,559	)		(147,948	)		(17,526	)		(330	)		(18,410	)		(2,817	)		(6,904	)		(707	)
Adjustments to maintain reserves		(3	)		10,333			(5	)		51			-			408			(2	)		2

Net equity transactions		(458,852	)		124,642			(16,816	)		1,676			130,832			84,684			123,200			104,971

Net change in contract owners’ equity		(379,662	)		86,189			(15,833	)		(1,927	)		153,620			85,631			132,717			103,295
Contract owners’ equity at beginning of period		1,434,061			1,347,872			23,253			25,180			124,959			39,328			103,295			-

Contract owners’ equity at end of period	$	1,054,399			1,434,061			7,420			23,253			278,579			124,959			236,012			103,295

CHANGE IN UNITS:
Beginning units		140,045			128,767			2,673			2,501			12,207			3,723			11,817			-
Units purchased		35,078			45,422			103			561			20,190			9,859			14,683			12,075
Units redeemed		(77,061	)		(34,144	)		(1,971	)		(389	)		(7,560	)		(1,375	)		(919	)		(258	)

Ending units		98,062			140,045			805			2,673			24,837			12,207			25,581			11,817

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	CSCRS						CSCRS2						DWVEMD						DWVSVS
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	292,444			297,966			86,942			57,734			5,622			17,574			(41,224	)		(55,822	)
Realized gain (loss) on investments		(368,751	)		77,443			(26,523	)		27,592			(16,375	)		(163,868	)		(108,228	)		65,027
Change in unrealized gain (loss) on investments		(52,640	)		(6,073	)		(103,170	)		(34,176	)		66,642			(8,316	)		429,435			(2,520,120	)
Reinvested capital gains		-			-			-			-			-			-			358,835			726,552

Net increase (decrease) in contract owners’ equity resulting from operations		(128,947	)		369,336			(42,751	)		51,150			55,889			(154,610	)		638,818			(1,784,363	)

Equity transactions:
Purchase payments received from contract owners (note 4)		9,011			6,606			57,297			211,059			100,610			118,421			358,907			700,527
Transfers between funds		(150,768	)		(671,147	)		52,267			(90,712	)		(124,550	)		(42,422	)		(195,586	)		(667,626	)
Redemptions (notes 2, 3, and 4)		(129,292	)		(116,995	)		(48,928	)		(40,420	)		(61,540	)		(35,419	)		(684,476	)		(642,559	)
Adjustments to maintain reserves		(56	)		(666	)		6			(1,020	)		(7	)		2,130			(84	)		155,683

Net equity transactions		(271,105	)		(782,202	)		60,642			78,907			(85,487	)		42,710			(521,239	)		(453,975	)

Net change in contract owners’ equity		(400,052	)		(412,866	)		17,891			130,057			(29,598	)		(111,900	)		117,579			(2,238,338	)
Contract owners’ equity at beginning of period		1,282,069			1,694,935			437,732			307,675			425,527			537,427			8,663,459			10,901,797

Contract owners’ equity at end of period	$	882,017			1,282,069			455,623			437,732			395,929			425,527			8,781,038			8,663,459

CHANGE IN UNITS:
Beginning units		169,880			258,937			27,581			22,477			55,304			50,405			574,359			626,525
Units purchased		92,902			178,441			12,784			13,508			15,913			20,347			94,428			327,259
Units redeemed		(132,079	)		(267,498	)		(8,752	)		(8,404	)		(25,828	)		(15,448	)		(129,294	)		(379,425	)

Ending units		130,703			169,880			31,613			27,581			45,389			55,304			539,493			574,359

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	DWVSVT						DFVIV						ETVFR						FHIB
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	111			(24	)		96,374			42,846			1,444,537			704,029			19,717			13,107
Realized gain (loss) on investments		(759	)		(7	)		10,855			(70,544	)		(156,008	)		(449,943	)		(12,775	)		(5,237	)
Change in unrealized gain (loss) on investments		2,783			(539	)		116,368			(42,654	)		669,665			(1,083,561	)		63,187			(42,111	)
Reinvested capital gains		892			-			20,269			12,905			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		3,027			(570	)		243,866			(57,447	)		1,958,194			(829,475	)		70,129			(34,241	)

Equity transactions:
Purchase payments received from contract owners (note 4)		18,774			13,961			492,833			454,262			377,731			2,344,225			543,953			121,406
Transfers between funds		1,338			61			179,492			9,697			(968,806	)		2,306,574			4,968			(8,152	)
Redemptions (notes 2, 3, and 4)		(429	)		(76	)		(157,376	)		(171,203	)		(1,716,519	)		(2,956,242	)		(73,496	)		(28,049	)
Adjustments to maintain reserves		(2	)		(1	)		(11	)		15,617			3,420			(25,408	)		(1	)		(6	)

Net equity transactions		19,681			13,945			514,938			308,373			(2,304,174	)		1,669,149			475,424			85,199

Net change in contract owners’ equity		22,708			13,375			758,804			250,926			(345,980	)		839,674			545,553			50,958
Contract owners’ equity at beginning of period		13,375			-			1,233,682			982,756			20,946,455			20,106,781			295,264			244,306

Contract owners’ equity at end of period	$	36,083			13,375			1,992,486			1,233,682			20,600,475			20,946,455			840,817			295,264

CHANGE IN UNITS:
Beginning units		1,482			-			109,236			83,732			1,923,941			1,772,449			31,506			22,918
Units purchased		2,366			1,491			83,012			50,353			212,463			1,436,473			77,571			12,684
Units redeemed		(182	)		(9	)		(42,068	)		(24,849	)		(413,681	)		(1,284,981	)		(29,228	)		(4,096	)

Ending units		3,666			1,482			150,180			109,236			1,722,723			1,923,941			79,849			31,506

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	FQB						FVUS2						FAM2						FB2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	2,907			314			25,972			13,545			2,075			1,594			267,181			(128,224	)
Realized gain (loss) on investments		(168	)		(1,774	)		(102,368	)		(60,989	)		(4,196	)		(42,640	)		860,031			2,931,210
Change in unrealized gain (loss) on investments		7,509			(674	)		131,315			(229,089	)		27,433			(74,450	)		8,850,987			(23,489,881	)
Reinvested capital gains		-			249			-			-			3,436			29,306			2,387,462			4,645,843

Net increase (decrease) in contract owners’ equity resulting from operations		10,248			(1,885	)		54,919			(276,533	)		28,748			(86,190	)		12,365,661			(16,041,052	)

Equity transactions:
Purchase payments received from contract owners (note 4)		125,159			67,108			(20	)		159,529			1,220			1,494			7,392,754			4,821,746
Transfers between funds		32,544			3,676			(201,446	)		201,536			(38,926	)		27,838			6,412,727			(6,804,758	)
Redemptions (notes 2, 3, and 4)		(13,728	)		(5,227	)		(207,826	)		(77,539	)		(34,540	)		(141,068	)		(7,867,412	)		(7,226,072	)
Adjustments to maintain reserves		(8	)		87			(20	)		(60	)		(2	)		6,923			(211	)		43,129

Net equity transactions		143,967			65,644			(409,312	)		283,466			(72,248	)		(104,813	)		5,937,858			(9,165,955	)

Net change in contract owners’ equity		154,215			63,759			(354,393	)		6,933			(43,500	)		(191,003	)		18,303,519			(25,207,007	)
Contract owners’ equity at beginning of period		69,677			5,918			2,012,725			2,005,792			298,816			489,819			60,212,024			85,419,031

Contract owners’ equity at end of period	$	223,892			69,677			1,658,332			2,012,725			255,316			298,816			78,515,543			60,212,024

CHANGE IN UNITS:
Beginning units		7,442			298			223,243			192,717			19,636			27,220			3,897,640			4,475,134
Units purchased		17,321			7,709			37,394			94,031			78			2,325			1,384,159			971,991
Units redeemed		(1,272	)		(565	)		(82,157	)		(63,505	)		(4,729	)		(9,909	)		(1,037,099	)		(1,549,485	)

Ending units		23,491			7,442			178,480			223,243			14,985			19,636			4,244,700			3,897,640

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	FC2						FEI2						FEIP						FEMS2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(228,167	)		(209,687	)		27,905			15,490			28,589			3,584			66,315			28,344
Realized gain (loss) on investments		605,457			878,829			(112,348	)		423,707			(169	)		(2,596	)		(91,635	)		(2,905,099	)
Change in unrealized gain (loss) on investments		5,618,609			(9,362,239	)		512,552			(1,445,591	)		56,533			(4,197	)		575,717			640,008
Reinvested capital gains		1,011,424			1,154,367			231,463			233,029			48,952			6,986			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		7,007,323			(7,538,730	)		659,572			(773,365	)		133,905			3,777			550,397			(2,236,747	)

Equity transactions:
Purchase payments received from contract owners (note 4)		2,680,077			3,032,250			126,577			114,278			471,517			227,037			360,653			556,603
Transfers between funds		2,774,965			(31,940	)		986,723			250,078			1,014,188			(7,737	)		101,340			290,741
Redemptions (notes 2, 3, and 4)		(2,731,451	)		(1,240,471	)		(960,340	)		(1,160,561	)		(55,847	)		(9,175	)		(597,670	)		(432,937	)
Adjustments to maintain reserves		(146	)		121			(107	)		213,865			(1	)		(3,891	)		(129	)		127,042

Net equity transactions		2,723,445			1,759,960			152,853			(582,340	)		1,429,857			206,234			(135,806	)		541,449

Net change in contract owners’ equity		9,730,768			(5,778,770	)		812,425			(1,355,705	)		1,563,762			210,011			414,591			(1,695,298	)
Contract owners’ equity at beginning of period		21,382,281			27,161,051			6,600,863			7,956,568			210,011			-			7,914,486			9,609,784

Contract owners’ equity at end of period	$	31,113,049			21,382,281			7,413,288			6,600,863			1,773,773			210,011			8,329,077			7,914,486

CHANGE IN UNITS:
Beginning units		1,366,016			1,262,094			406,938			457,886			21,791			-			765,931			731,605
Units purchased		409,309			428,045			158,936			73,716			193,694			23,937			264,449			229,379
Units redeemed		(256,813	)		(324,123	)		(147,066	)		(124,664	)		(48,597	)		(2,146	)		(286,120	)		(195,053	)

Ending units		1,518,512			1,366,016			418,808			406,938			166,888			21,791			744,260			765,931

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	FG2						FGI2						FHI2						FICAP
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(1,032,584	)		(749,251	)		66,750			50,662			46,578			34,548			1,804			134
Realized gain (loss) on investments		2,174,268			2,323,975			965,502			888,492			(41,977	)		(161,675	)		13,578			(6,940	)
Change in unrealized gain (loss) on investments		20,094,414			(35,837,525	)		1,504,529			(2,769,934	)		68,639			(94,415	)		90,880			(3,793	)
Reinvested capital gains		4,004,652			6,668,580			844,206			404,572			-			-			-			776

Net increase (decrease) in contract owners’ equity resulting from operations		25,240,750			(27,594,221	)		3,380,987			(1,426,208	)		73,240			(221,542	)		106,262			(9,823	)

Equity transactions:
Purchase payments received from contract owners (note 4)		3,490,240			3,316,815			948,626			1,440,291			2,504			64,344			751,005			157,352
Transfers between funds		(4,612,142	)		(4,026,468	)		1,314,637			335,895			154,372			(381,223	)		14,437			6,663
Redemptions (notes 2, 3, and 4)		(10,189,229	)		(6,055,188	)		(2,024,056	)		(1,927,201	)		(109,138	)		(143,005	)		(53,603	)		(2,570	)
Adjustments to maintain reserves		(372	)		3,758			904			(1,474	)		(61	)		2,622			(1	)		(4,654	)

Net equity transactions		(11,311,503	)		(6,761,083	)		240,111			(152,489	)		47,677			(457,262	)		711,838			156,791

Net change in contract owners’ equity		13,929,247			(34,355,304	)		3,621,098			(1,578,697	)		120,917			(678,804	)		818,100			146,968
Contract owners’ equity at beginning of period		77,409,287			111,764,591			19,396,948			20,975,645			979,553			1,658,357			149,131			2,163

Contract owners’ equity at end of period	$	91,338,534			77,409,287			23,018,046			19,396,948			1,100,470			979,553			967,231			149,131

CHANGE IN UNITS:
Beginning units		3,410,903			3,670,127			1,050,627			1,065,151			93,350			137,461			20,403			217
Units purchased		596,222			628,933			230,963			361,862			56,620			353,679			128,563			20,909
Units redeemed		(1,010,885	)		(888,157	)		(215,057	)		(376,386	)		(53,146	)		(397,790	)		(44,844	)		(723	)

Ending units		2,996,240			3,410,903			1,066,533			1,050,627			96,824			93,350			104,122			20,403

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	FIGBP						FIGBP2						FIP						FMCP
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	90,327			6,856			249,495			166,910			62,951			40,108			2,977			779
Realized gain (loss) on investments		(8,809	)		(19,136	)		(1,345,049	)		(683,100	)		(9,664	)		(358,769	)		3,629			(14,479	)
Change in unrealized gain (loss) on investments		73,063			(15,354	)		1,967,583			(3,815,496	)		1,034,678			(507,626	)		54,927			1,509
Reinvested capital gains		-			2,850			-			1,114,572			36,222			23,714			19,959			11,657

Net increase (decrease) in contract owners’ equity resulting from operations		154,581			(24,784	)		872,029			(3,217,114	)		1,124,187			(802,573	)		81,492			(534	)

Equity transactions:
Purchase payments received from contract owners (note 4)		2,338,693			1,252,882			2,184,832			1,159,279			2,399,251			1,819,333			470,908			241,384
Transfers between funds		328,804			40,170			1,977,318			(1,792,935	)		(54,106	)		(246,559	)		13,906			(4,109	)
Redemptions (notes 2, 3, and 4)		(98,400	)		(58,542	)		(2,497,318	)		(1,366,266	)		(463,631	)		(700,138	)		(48,170	)		(1,551	)
Adjustments to maintain reserves		(3	)		2			(130	)		(128	)		(13	)		110,877			(5	)		(2,874	)

Net equity transactions		2,569,094			1,234,512			1,664,702			(2,000,050	)		1,881,501			983,513			436,639			232,850

Net change in contract owners’ equity		2,723,675			1,209,728			2,536,731			(5,217,164	)		3,005,688			180,940			518,131			232,316
Contract owners’ equity at beginning of period		1,245,776			36,048			17,928,233			23,145,397			3,348,288			3,167,348			272,078			39,762

Contract owners’ equity at end of period	$	3,969,451			1,245,776			20,464,964			17,928,233			6,353,976			3,348,288			790,209			272,078

CHANGE IN UNITS:
Beginning units		143,375			3,600			1,817,139			2,013,073			302,468			233,204			31,999			3,973
Units purchased		421,907			257,196			814,809			327,373			244,579			158,680			66,876			29,194
Units redeemed		(133,690	)		(117,421	)		(654,235	)		(523,307	)		(90,656	)		(89,416	)		(17,838	)		(1,168	)

Ending units		431,592			143,375			1,977,713			1,817,139			456,391			302,468			81,037			31,999

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	FMMP						FNRS2						FRESS2						FVFRHI
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	66,475			9,260			73,528			54,563			57,711			(2,033	)		36,131			-
Realized gain (loss) on investments		-			-			108,765			553,641			(502,747	)		267,914			485			-
Change in unrealized gain (loss) on investments		-			-			(269,241	)		182,837			578,865			(2,545,672	)		(13,548	)		-
Reinvested capital gains		-			-			-			-			257,425			174,562			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		66,475			9,260			(86,948	)		791,041			391,254			(2,105,229	)		23,068			-

Equity transactions:
Purchase payments received from contract owners (note 4)		1,487,387			261,679			541,245			916,680			107,390			342,910			151,314			-
Transfers between funds		854,596			1,408,074			(170,328	)		2,123,174			269,463			(406,050	)		510,952			-
Redemptions (notes 2, 3, and 4)		(1,466,221	)		(1,348,386	)		(619,291	)		(238,880	)		(718,507	)		(411,044	)		(11,588	)		-
Adjustments to maintain reserves		-			(1	)		(70	)		341,556			10			120,492			(4	)		-

Net equity transactions		875,762			321,366			(248,444	)		3,142,530			(341,644	)		(353,692	)		650,674			-

Net change in contract owners’ equity		942,237			330,626			(335,392	)		3,933,571			49,610			(2,458,921	)		673,742			-
Contract owners’ equity at beginning of period		793,730			463,104			5,808,354			1,874,783			4,954,750			7,413,671			-			-

Contract owners’ equity at end of period	$	1,735,967			793,730			5,472,962			5,808,354			5,004,360			4,954,750			673,742			-

CHANGE IN UNITS:
Beginning units		78,793			46,483			203,298			105,719			439,281			470,528			-			-
Units purchased		304,980			198,204			77,042			302,429			154,012			145,949			64,938			-
Units redeemed		(218,945	)		(165,894	)		(88,001	)		(204,850	)		(188,512	)		(177,196	)		(1,976	)		-

Ending units		164,828			78,793			192,339			203,298			404,781			439,281			62,962			-

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	FVIII						FVP						FVSII						FVSIS2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	51,579			32,489			13,027			7,146			24,275			5,307			456,001			333,992
Realized gain (loss) on investments		(2,687	)		(213,633	)		(806	)		(42,652	)		(1,991	)		(10,699	)		(87,248	)		(1,394,217	)
Change in unrealized gain (loss) on investments		228,491			(53,230	)		118,752			(41,960	)		13,360			(7,677	)		733,786			(1,054,946	)
Reinvested capital gains		-			-			45,323			16,643			-			43			-			15,426

Net increase (decrease) in contract owners’ equity resulting from operations		277,383			(234,374	)		176,296			(60,823	)		35,644			(13,026	)		1,102,539			(2,099,745	)

Equity transactions:
Purchase payments received from contract owners (note 4)		500,743			515,358			500,370			487,870			399,898			227,720			879,424			1,275,950
Transfers between funds		(30,669	)		544,834			186,282			443,988			28,858			65,100			746,355			(843,691	)
Redemptions (notes 2, 3, and 4)		(173,103	)		(305,523	)		(17,763	)		(241,609	)		(24,347	)		(117,775	)		(1,784,695	)		(1,410,710	)
Adjustments to maintain reserves		(11	)		18,024			2			28,966			(7	)		(1,494	)		(169	)		69,130

Net equity transactions		296,960			772,693			668,891			719,215			404,402			173,551			(159,085	)		(909,321	)

Net change in contract owners’ equity		574,343			538,319			845,187			658,392			440,046			160,525			943,454			(3,009,066	)
Contract owners’ equity at beginning of period		1,636,944			1,098,625			676,456			18,064			174,309			13,784			14,148,885			17,157,951

Contract owners’ equity at end of period	$	2,211,287			1,636,944			1,521,643			676,456			614,355			174,309			15,092,339			14,148,885

CHANGE IN UNITS:
Beginning units		167,015			93,793			69,540			1,775			19,648			1,374			1,313,747			1,393,630
Units purchased		72,558			166,358			87,753			119,999			76,342			47,514			293,094			336,516
Units redeemed		(44,675	)		(93,136	)		(26,287	)		(52,234	)		(32,501	)		(29,240	)		(309,855	)		(416,399	)

Ending units		194,898			167,015			131,006			69,540			63,489			19,648			1,296,986			1,313,747

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	FVSS2						FEOVF						FTVFA2						FTVGI2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	2,262			1,605			(18,769	)		15,444			2,961			13,432			(104,261	)		(129,510	)
Realized gain (loss) on investments		(68,726	)		(104,556	)		(20,470	)		(70,256	)		(409,836	)		(463,839	)		(631,222	)		(789,085	)
Change in unrealized gain (loss) on investments		197,293			(42,006	)		8,388			(110,911	)		722,453			(805,562	)		852,409			152,355
Reinvested capital gains		79,822			28,217			159,791			79,033			44,791			374,623			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		210,651			(116,740	)		128,940			(86,690	)		360,369			(881,346	)		116,926			(766,240	)

Equity transactions:
Purchase payments received from contract owners (note 4)		1,216,210			88,236			645,270			530,086			17,806			14,621			69,681			86,683
Transfers between funds		511,111			789,829			269,769			184,798			(531,234	)		(1,020,837	)		(231,412	)		(529,059	)
Redemptions (notes 2, 3, and 4)		(244,011	)		(24,031	)		(101,909	)		(132,981	)		(1,109,019	)		(138,996	)		(1,285,339	)		(1,324,530	)
Adjustments to maintain reserves		(16	)		(14	)		(24	)		6,101			(31	)		(45	)		6,093			(990	)

Net equity transactions		1,483,294			854,020			813,106			588,004			(1,622,478	)		(1,145,257	)		(1,440,977	)		(1,767,896	)

Net change in contract owners’ equity		1,693,945			737,280			942,046			501,314			(1,262,109	)		(2,026,603	)		(1,324,051	)		(2,534,136	)
Contract owners’ equity at beginning of period		737,280			-			1,234,815			733,501			3,559,497			5,586,100			9,939,835			12,473,971

Contract owners’ equity at end of period	$	2,431,225			737,280			2,176,861			1,234,815			2,297,388			3,559,497			8,615,784			9,939,835

CHANGE IN UNITS:
Beginning units		76,563			-			108,828			58,730			201,671			260,548			1,224,126			1,443,770
Units purchased		338,782			208,936			102,611			96,694			22,023			71,087			83,092			130,987
Units redeemed		(203,820	)		(132,373	)		(35,081	)		(46,596	)		(108,795	)		(129,964	)		(264,521	)		(350,631	)

Ending units		211,525			76,563			176,358			108,828			114,899			201,671			1,042,697			1,224,126

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	FTVIS2						FTVMD2						FTVUG2					GVGMNS
	2023			2022			2023			2022			2023			2022		2023			2022
*Investment activity:**
Net investment income (loss)	$	774,200			675,943			80,283			(442	)		(1,256	)		-		1,765			(8,346	)
Realized gain (loss) on investments		(6,587	)		502,340			(86,038	)		(221,477	)		(4	)		-		(3,277	)		(59,346	)
Change in unrealized gain (loss) on investments		(723,930	)		(3,008,755	)		818,414			(937,582	)		11,332			-		71,312			(81,627	)
Reinvested capital gains		1,223,514			372,829			380,633			602,047			-			-		-			18,984

Net increase (decrease) in contract owners’ equity resulting from operations		1,267,197			(1,457,643	)		1,193,292			(557,454	)		10,072			-		69,800			(130,335	)

Equity transactions:
Purchase payments received from contract owners (note 4)		314,896			2,205,339			145,885			36,878			106,054			-		60,536			599
Transfers between funds		1,339,512			(897,632	)		(156,443	)		(357,928	)		147,929			-		92,587			35,524
Redemptions (notes 2, 3, and 4)		(2,292,553	)		(2,681,589	)		(798,419	)		(1,045,153	)		(2,332	)		-		(86,283	)		(70,426	)
Adjustments to maintain reserves		(234	)		561			(96	)		44			(2	)		-		(35	)		976

Net equity transactions		(638,379	)		(1,373,321	)		(809,073	)		(1,366,159	)		251,649			-		66,805			(33,327	)

Net change in contract owners’ equity		628,818			(2,830,964	)		384,219			(1,923,613	)		261,721			-		136,605			(163,662	)
Contract owners’ equity at beginning of period		18,001,926			20,832,890			6,755,188			8,678,801			-			-		467,745			631,407

Contract owners’ equity at end of period	$	18,630,744			18,001,926			7,139,407			6,755,188			261,721			-		604,350			467,745

CHANGE IN UNITS:
Beginning units		1,270,360			1,375,520			449,562			541,574			-			-		43,049			46,589
Units purchased		256,433			664,077			22,693			60,539			35,203			-		13,056			8,162
Units redeemed		(299,561	)		(769,237	)		(71,547	)		(152,551	)		(9,444	)		-		(7,252	)		(11,702	)

Ending units		1,227,232			1,270,360			400,708			449,562			25,759			-		48,853			43,049

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	GVMSAS						GVFRB						RAF						RBF
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	104,022			51,952			118,017			57,270			(3,418	)		(12,357	)		(59,763	)		(74,417	)
Realized gain (loss) on investments		(41,044	)		(19,927	)		49,810			(105,702	)		(278,625	)		(75,143	)		(704,906	)		(653,441	)
Change in unrealized gain (loss) on investments		63,413			(125,317	)		315,249			(128,157	)		(1,568	)		(4,107	)		817,569			(579,810	)
Reinvested capital gains		-			-			-			-			-			-			44,175			376,821

Net increase (decrease) in contract owners’ equity resulting from operations		126,391			(93,292	)		483,076			(176,589	)		(283,611	)		(91,607	)		97,075			(930,847	)

Equity transactions:
Purchase payments received from contract owners (note 4)		191,726			745,834			20,874			334			-			11,291			9,730			18,668
Transfers between funds		(279,597	)		693,712			(78,688	)		(945,777	)		(1,538,086	)		1,549,427			(907,706	)		334,236
Redemptions (notes 2, 3, and 4)		(96,009	)		(85,742	)		(305,155	)		(594,682	)		(108,905	)		(102,740	)		(560,522	)		(497,975	)
Adjustments to maintain reserves		(34	)		3,409			(72	)		(127	)		(16	)		(4,764	)		(195	)		3,489

Net equity transactions		(183,914	)		1,357,213			(363,041	)		(1,540,252	)		(1,647,007	)		1,453,214			(1,458,693	)		(141,582	)

Net change in contract owners’ equity		(57,523	)		1,263,921			120,035			(1,716,841	)		(1,930,618	)		1,361,607			(1,361,618	)		(1,072,429	)
Contract owners’ equity at beginning of period		2,004,640			740,719			4,940,323			6,657,164			2,073,806			712,199			5,170,316			6,242,745

Contract owners’ equity at end of period	$	1,947,117			2,004,640			5,060,358			4,940,323			143,188			2,073,806			3,808,698			5,170,316

CHANGE IN UNITS:
Beginning units		195,768			66,907			441,055			583,120			7,595,997			3,825,573			144,827			149,617
Units purchased		73,277			178,649			80,718			216,750			13,009,624			60,103,599			12,973			76,101
Units redeemed		(91,053	)		(49,788	)		(109,946	)		(358,815	)		(19,778,520	)		(56,333,175	)		(55,653	)		(80,891	)

Ending units		177,992			195,768			411,827			441,055			827,101			7,595,997			102,147			144,827

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	RBKF						RBMF						RCPF						RELF
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(4,852	)		(2,934	)		(30,751	)		(23,953	)		(705	)		(37,973	)		(186,226	)		(63,352	)
Realized gain (loss) on investments		(227,793	)		(216,059	)		(104,116	)		(157,546	)		(200,409	)		491,169			(83,220	)		(36,638	)
Change in unrealized gain (loss) on investments		244,376			(179,884	)		271,557			(336,022	)		(92,229	)		(996,218	)		4,371,708			(2,372,226	)
Reinvested capital gains		-			-			-			48,564			24,545			335,407			400,002			188,954

Net increase (decrease) in contract owners’ equity resulting from operations		11,731			(398,877	)		136,690			(468,957	)		(268,798	)		(207,615	)		4,502,264			(2,283,262	)

Equity transactions:
Purchase payments received from contract owners (note 4)		22			6,958			28,787			8,689			15,382			13,854			12,185			4,353
Transfers between funds		(51,399	)		(129,364	)		(224,194	)		207,602			(611,250	)		(276,260	)		11,669,134			(2,360,811	)
Redemptions (notes 2, 3, and 4)		(140,766	)		(198,317	)		(269,662	)		(285,422	)		(722,458	)		(275,193	)		(377,754	)		(137,684	)
Adjustments to maintain reserves		(100	)		66			(107	)		30			(172	)		(1,448	)		1,223,985			1,461

Net equity transactions		(192,243	)		(320,657	)		(465,176	)		(69,101	)		(1,318,498	)		(539,047	)		12,527,550			(2,492,681	)

Net change in contract owners’ equity		(180,512	)		(719,534	)		(328,486	)		(538,058	)		(1,587,296	)		(746,662	)		17,029,814			(4,775,943	)
Contract owners’ equity at beginning of period		1,712,267			2,431,801			2,304,408			2,842,466			5,785,887			6,532,549			2,924,023			7,699,966

Contract owners’ equity at end of period	$	1,531,755			1,712,267			1,975,922			2,304,408			4,198,591			5,785,887			19,953,837			2,924,023

CHANGE IN UNITS:
Beginning units		161,352			187,887			68,738			75,193			151,603			169,936			87,349			153,634
Units purchased		73,830			240,050			26,549			63,496			32,333			103,350			315,287			20,067
Units redeemed		(92,113	)		(266,585	)		(40,523	)		(69,951	)		(68,302	)		(121,683	)		(47,535	)		(86,352	)

Ending units		143,069			161,352			54,764			68,738			115,634			151,603			355,101			87,349

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	RENF						RESF						RFSF						RHCF
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	131,643			(88,724	)		(38,951	)		(43,654	)		(74,983	)		(48,791	)		(135,832	)		(135,141	)
Realized gain (loss) on investments		54,779			3,199,644			361,869			(194,528	)		(441,765	)		254,417			(355,062	)		702,274
Change in unrealized gain (loss) on investments		(213,799	)		35,222			(390,804	)		531,446			1,179,228			(2,296,943	)		891,123			(2,514,619	)
Reinvested capital gains		-			-			-			-			-			552,703			279,466			497,852

Net increase (decrease) in contract owners’ equity resulting from operations		(27,377	)		3,146,142			(67,886	)		293,264			662,480			(1,538,614	)		679,695			(1,449,634	)

Equity transactions:
Purchase payments received from contract owners (note 4)		27,733			113,771			8,870			38,605			126,868			398,922			53,564			10,569
Transfers between funds		(680,473	)		(1,257,408	)		(784,305	)		1,333,857			(152,357	)		(285,094	)		(1,813,535	)		44,593
Redemptions (notes 2, 3, and 4)		(1,170,288	)		(883,449	)		(323,402	)		(448,735	)		(650,262	)		(384,895	)		(1,127,590	)		(653,825	)
Adjustments to maintain reserves		(111	)		(8,725	)		(103	)		3,589			(122	)		1,051			1,255,159			(17,628	)

Net equity transactions		(1,823,139	)		(2,035,811	)		(1,098,940	)		927,316			(675,873	)		(270,016	)		(1,632,402	)		(616,291	)

Net change in contract owners’ equity		(1,850,516	)		1,110,331			(1,166,826	)		1,220,580			(13,393	)		(1,808,630	)		(952,707	)		(2,065,925	)
Contract owners’ equity at beginning of period		6,462,360			5,352,029			3,615,780			2,395,200			6,181,157			7,989,787			8,815,073			10,880,998

Contract owners’ equity at end of period	$	4,611,844			6,462,360			2,448,954			3,615,780			6,167,764			6,181,157			7,862,366			8,815,073

CHANGE IN UNITS:
Beginning units		344,175			413,034			512,462			480,828			393,545			400,604			233,865			251,262
Units purchased		169,087			1,567,039			1,043,635			1,506,417			98,658			185,964			322,576			150,127
Units redeemed		(268,372	)		(1,635,898	)		(1,220,854	)		(1,474,783	)		(143,013	)		(193,023	)		(391,305	)		(167,524	)

Ending units		244,890			344,175			335,243			512,462			349,190			393,545			165,136			233,865

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	RHYS						RINF						RJNF						RLCE
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	2,231			961			(41,344	)		(45,536	)		(22,910	)		(35,720	)		(7,842	)		(8,559	)
Realized gain (loss) on investments		(5,332	)		(63,225	)		(1,282,835	)		(1,108,497	)		162,043			740,467			167,645			(161,467	)
Change in unrealized gain (loss) on investments		35,423			(7,059	)		2,406,889			(1,819,915	)		(80,984	)		(2,315	)		(34,039	)		55,620
Reinvested capital gains		-			-			-			709,206			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		32,322			(69,323	)		1,082,710			(2,264,742	)		58,149			702,432			125,764			(114,406	)

Equity transactions:
Purchase payments received from contract owners (note 4)		8,651			5,227			13,695			11,377			17,653			71,501			9,681			2,224
Transfers between funds		9,443			(37,918	)		(162,404	)		(316,453	)		(614,169	)		137,067			(95,916	)		(35,737	)
Redemptions (notes 2, 3, and 4)		(149,512	)		(22,119	)		(262,360	)		(181,272	)		(176,161	)		(130,730	)		(31,199	)		(26,192	)
Adjustments to maintain reserves		(16	)		(32	)		(149	)		5,883			(47	)		73			(59	)		-

Net equity transactions		(131,434	)		(54,842	)		(411,218	)		(480,465	)		(772,724	)		77,911			(117,493	)		(59,705	)

Net change in contract owners’ equity		(99,112	)		(124,165	)		671,492			(2,745,207	)		(714,575	)		780,343			8,271			(174,111	)
Contract owners’ equity at beginning of period		432,423			556,588			2,451,684			5,196,891			1,812,628			1,032,285			626,523			800,634

Contract owners’ equity at end of period	$	333,311			432,423			3,123,176			2,451,684			1,098,053			1,812,628			634,794			626,523

CHANGE IN UNITS:
Beginning units		40,032			45,106			66,150			76,346			725,767			602,139			56,030			60,403
Units purchased		24,643			39,891			12,675			25,218			2,521,342			9,079,056			50,390			109,919
Units redeemed		(36,999	)		(44,965	)		(21,138	)		(35,414	)		(2,819,436	)		(8,955,428	)		(59,006	)		(114,292	)

Ending units		27,676			40,032			57,687			66,150			427,673			725,767			47,414			56,030

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	RLCJ						RLF						RMED						RMEK
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(5,023	)		(5,946	)		(35,853	)		(38,904	)		(29,002	)		(34,065	)		(20,633	)		(24,936	)
Realized gain (loss) on investments		22,252			(341,130	)		17,278			21,339			(283,992	)		(355,002	)		38,138			(951,189	)
Change in unrealized gain (loss) on investments		72,124			(1,699	)		505,384			(1,054,481	)		663,077			(552,772	)		407,756			1,423
Reinvested capital gains		-			-			-			-			-			148,474			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		89,353			(348,775	)		486,809			(1,072,046	)		350,083			(793,365	)		425,261			(974,702	)

Equity transactions:
Purchase payments received from contract owners (note 4)		8,802			10,001			11,214			7,490			484			17,538			1,901			430
Transfers between funds		83,691			(75,931	)		(62,910	)		(410,097	)		127,086			(243,719	)		533,300			(1,265,916	)
Redemptions (notes 2, 3, and 4)		(19,078	)		(18,806	)		(179,746	)		(187,458	)		(189,476	)		(169,308	)		(94,093	)		(181,450	)
Adjustments to maintain reserves		(56	)		1,007			(128	)		(110	)		(79	)		272			23			(9,519	)

Net equity transactions		73,359			(83,729	)		(231,570	)		(590,175	)		(61,985	)		(395,217	)		441,131			(1,456,455	)

Net change in contract owners’ equity		162,712			(432,504	)		255,239			(1,662,221	)		288,098			(1,188,582	)		866,392			(2,431,157	)
Contract owners’ equity at beginning of period		306,037			738,541			2,407,685			4,069,906			2,148,947			3,337,529			1,388,190			3,819,347

Contract owners’ equity at end of period	$	468,749			306,037			2,662,924			2,407,685			2,437,045			2,148,947			2,254,582			1,388,190

CHANGE IN UNITS:
Beginning units		22,521			29,993			74,475			90,278			36,920			43,553			40,008			75,503
Units purchased		107,987			489,605			12,782			5,476			17,692			13,329			167,664			97,771
Units redeemed		(104,437	)		(497,077	)		(19,154	)		(21,279	)		(19,088	)		(19,962	)		(151,128	)		(133,266	)

Ending units		26,071			22,521			68,103			74,475			35,524			36,920			56,544			40,008

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	RNF						ROF						RPMF						RREF
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(108,840	)		(96,787	)		(217,366	)		(231,368	)		(51,704	)		(59,338	)		(827	)		(16,187	)
Realized gain (loss) on investments		551,333			(1,958,901	)		(1,472,217	)		(1,680,845	)		(565,105	)		(1,226,802	)		(675,210	)		(499,967	)
Change in unrealized gain (loss) on investments		1,817,551			(3,416,216	)		7,703,417			(6,415,539	)		747,075			281,553			756,049			(820,273	)
Reinvested capital gains		-			1,264,327			-			549,124			-			-			79,269			153,941

Net increase (decrease) in contract owners’ equity resulting from operations		2,260,044			(4,207,577	)		6,013,834			(7,778,628	)		130,266			(1,004,587	)		159,281			(1,182,486	)

Equity transactions:
Purchase payments received from contract owners (note 4)		153,283			7,636			174,893			37,698			22,494			25,975			22,071			6,107
Transfers between funds		(846,281	)		(2,120,523	)		1,051,927			(3,279,865	)		894,099			(154,852	)		(131,941	)		(1,279,996	)
Redemptions (notes 2, 3, and 4)		(658,770	)		(2,917,227	)		(1,885,769	)		(1,155,432	)		(1,147,995	)		(441,822	)		(306,005	)		(243,749	)
Adjustments to maintain reserves		(93	)		(7	)		(169	)		23,889			(147	)		(3,864	)		(148	)		989

Net equity transactions		(1,351,861	)		(5,030,121	)		(659,118	)		(4,373,710	)		(231,549	)		(574,563	)		(416,023	)		(1,516,649	)

Net change in contract owners’ equity		908,183			(9,237,698	)		5,354,716			(12,152,338	)		(101,283	)		(1,579,150	)		(256,742	)		(2,699,135	)
Contract owners’ equity at beginning of period		7,645,609			16,883,307			12,102,704			24,255,042			5,668,950			7,248,100			2,188,477			4,887,612

Contract owners’ equity at end of period	$	8,553,792			7,645,609			17,457,420			12,102,704			5,567,667			5,668,950			1,931,735			2,188,477

CHANGE IN UNITS:
Beginning units		191,034			290,101			209,407			272,926			386,013			427,483			88,148			142,071
Units purchased		187,761			239,289			123,992			147,908			387,786			351,570			114,108			200,118
Units redeemed		(218,571	)		(338,356	)		(132,909	)		(211,427	)		(404,453	)		(393,040	)		(130,938	)		(254,041	)

Ending units		160,224			191,034			200,490			209,407			369,346			386,013			71,318			88,148

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	RRF						RSRF						RTEC						RTEL
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(19,674	)		(25,113	)		(42,003	)		(33,356	)		(141,880	)		(150,289	)		(1,461	)		(3,081	)
Realized gain (loss) on investments		(276,422	)		(28,627	)		216,660			77,532			(687,910	)		306,760			(41,354	)		(92,365	)
Change in unrealized gain (loss) on investments		510,028			(598,404	)		230,586			(748,213	)		4,227,314			(6,189,780	)		61,135			(92,631	)
Reinvested capital gains		-			43,724			-			-			169,301			703,702			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		213,932			(608,420	)		405,243			(704,037	)		3,566,825			(5,329,607	)		18,320			(188,077	)

Equity transactions:
Purchase payments received from contract owners (note 4)		8,632			3,973			201,571			187,455			77,120			2,735			3,092			5
Transfers between funds		(372,242	)		192,548			(131,570	)		42,178			(372,889	)		(2,128,777	)		(131,918	)		52,471
Redemptions (notes 2, 3, and 4)		(208,636	)		(174,239	)		(277,002	)		(398,535	)		(1,706,075	)		(555,013	)		(4,444	)		(38,898	)
Adjustments to maintain reserves		(86	)		63			(132	)		(101	)		(178	)		7,467			(38	)		(22	)

Net equity transactions		(572,332	)		22,345			(207,133	)		(169,003	)		(2,002,022	)		(2,673,588	)		(133,308	)		13,556

Net change in contract owners’ equity		(358,400	)		(586,075	)		198,110			(873,040	)		1,564,803			(8,003,195	)		(114,988	)		(174,521	)
Contract owners’ equity at beginning of period		1,713,094			2,299,169			3,655,295			4,528,335			7,897,769			15,900,964			423,420			597,941

Contract owners’ equity at end of period	$	1,354,694			1,713,094			3,853,405			3,655,295			9,462,572			7,897,769			308,432			423,420

CHANGE IN UNITS:
Beginning units		47,387			46,016			249,308			261,946			199,590			252,767			47,633			49,216
Units purchased		5,744			16,063			85,614			59,278			44,162			37,380			26,386			42,557
Units redeemed		(20,587	)		(14,692	)		(98,948	)		(71,916	)		(83,758	)		(90,557	)		(41,002	)		(44,140	)

Ending units		32,544			47,387			235,974			249,308			159,994			199,590			33,017			47,633

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	RTF						RTRF						RUF						RUGB
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(67,324	)		(214,889	)		(30,193	)		(34,982	)		4,766			(13,002	)		42,918			7,853
Realized gain (loss) on investments		478,589			(13,016,645	)		(516,892	)		(304,257	)		(127,964	)		65,715			(431,187	)		(1,265,404	)
Change in unrealized gain (loss) on investments		1,558,830			(2,416,836	)		981,723			(1,147,186	)		(32,306	)		4,899			244,319			(56,258	)
Reinvested capital gains		-			891,371			-			268,973			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		1,970,095			(14,756,999	)		434,638			(1,217,452	)		(155,504	)		57,612			(143,950	)		(1,313,809	)

Equity transactions:
Purchase payments received from contract owners (note 4)		7,597			904			8,835			5,573			1,500			392			71,839			93,727
Transfers between funds		3,121,560			(305,134	)		(230,261	)		(186,906	)		(685,858	)		405,982			250,934			1,060,058
Redemptions (notes 2, 3, and 4)		(424,491	)		(342,844	)		(171,417	)		(115,056	)		(31,182	)		(93,451	)		(323,565	)		(212,091	)
Adjustments to maintain reserves		(30	)		54,119			15			925			(30	)		10,304			(92	)		515

Net equity transactions		2,704,636			(592,955	)		(392,828	)		(295,464	)		(715,570	)		323,227			(884	)		942,209

Net change in contract owners’ equity		4,674,731			(15,349,954	)		41,810			(1,512,916	)		(871,074	)		380,839			(144,834	)		(371,600	)
Contract owners’ equity at beginning of period		3,910,041			19,259,995			2,032,752			3,545,668			1,330,192			949,353			2,848,902			3,220,502

Contract owners’ equity at end of period	$	8,584,772			3,910,041			2,074,562			2,032,752			459,118			1,330,192			2,704,068			2,848,902

CHANGE IN UNITS:
Beginning units		88,573			258,527			58,070			65,430			1,714,536			1,437,106			207,771			135,702
Units purchased		389,067			2,189,575			17,761			42,791			5,792,711			12,225,344			657,591			898,552
Units redeemed		(343,195	)		(2,359,529	)		(27,562	)		(50,151	)		(6,825,570	)		(11,947,914	)		(663,496	)		(826,483	)

Ending units		134,445			88,573			48,269			58,070			681,677			1,714,536			201,866			207,771

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	RUTL						RVARS						RVCMD						RVF
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	2,299			(54,845	)		41,788			(3,741	)		156,633			108,101			(92,668	)		(163,524	)
Realized gain (loss) on investments		(178,239	)		(5,883,944	)		43,649			98,570			(455,765	)		424,825			1,076,379			(8,802,989	)
Change in unrealized gain (loss) on investments		(92,226	)		(300,292	)		(3,086	)		(274,758	)		136,087			(376,101	)		2,207,475			(14,644,423	)
Reinvested capital gains		-			29,761			-			31,971			-			-			-			1,103,027

Net increase (decrease) in contract owners’ equity resulting from operations		(268,166	)		(6,209,320	)		82,351			(147,958	)		(163,045	)		156,825			3,191,186			(22,507,909	)

Equity transactions:
Purchase payments received from contract owners (note 4)		39,516			9,192			23,937			16,418			42,690			1,358			59,381			33,652
Transfers between funds		(1,270,784	)		7,222,245			(112,345	)		62,002			(306,266	)		401,941			2,633,156			(31,872,208	)
Redemptions (notes 2, 3, and 4)		(364,249	)		(378,730	)		(213,020	)		(282,838	)		(229,089	)		(191,929	)		(866,619	)		(777,834	)
Adjustments to maintain reserves		(68	)		(122	)		(108	)		58			(76	)		(3,221	)		(334	)		(461,631	)

Net equity transactions		(1,595,585	)		6,852,585			(301,536	)		(204,360	)		(492,741	)		208,149			1,825,584			(33,078,021	)

Net change in contract owners’ equity		(1,863,751	)		643,265			(219,185	)		(352,318	)		(655,786	)		364,974			5,016,770			(55,585,930	)
Contract owners’ equity at beginning of period		4,191,317			3,548,052			2,883,289			3,235,607			2,218,769			1,853,795			3,708,787			59,294,717

Contract owners’ equity at end of period	$	2,327,566			4,191,317			2,664,104			2,883,289			1,562,983			2,218,769			8,725,557			3,708,787

CHANGE IN UNITS:
Beginning units		177,432			149,007			297,870			318,654			831,516			840,851			34,221			186,634
Units purchased		32,399			2,091,181			27,027			100,920			367,961			2,286,277			203,366			89,783
Units redeemed		(102,781	)		(2,062,756	)		(58,192	)		(121,704	)		(566,901	)		(2,295,612	)		(199,757	)		(242,196	)

Ending units		107,050			177,432			266,705			297,870			632,576			831,516			37,830			34,221

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	RVIDD						RVIMC						RVISC						RVLCG
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(6,443	)		(19,044	)		(752	)		(2,250	)		(7,846	)		(13,701	)		(147,991	)		(200,689	)
Realized gain (loss) on investments		(145,121	)		(16,692	)		(5,297	)		(26,615	)		(55,620	)		(5,887	)		(3,277,087	)		843,066
Change in unrealized gain (loss) on investments		(31,627	)		118,000			(7,379	)		2,516			(47,979	)		6,161			3,790,339			(8,725,350	)
Reinvested capital gains		-			-			-			-			-			-			-			2,093,904

Net increase (decrease) in contract owners’ equity resulting from operations		(183,191	)		82,264			(13,428	)		(26,349	)		(111,445	)		(13,427	)		365,261			(5,989,069	)

Equity transactions:
Purchase payments received from contract owners (note 4)		2,362			1,062,669			-			658			82			130			52,766			44,001
Transfers between funds		(415,974	)		(2,751,199	)		(30,980	)		184,876			(218,667	)		609,992			(1,627,303	)		(4,474,638	)
Redemptions (notes 2, 3, and 4)		(25,696	)		(80,496	)		(9,259	)		(127,031	)		(86,555	)		(96,803	)		(1,143,721	)		(1,030,959	)
Adjustments to maintain reserves		(65	)		12,746			(16	)		(124	)		(34	)		9,676			(144	)		(17,026	)

Net equity transactions		(439,373	)		(1,756,280	)		(40,255	)		58,379			(305,174	)		522,995			(2,718,402	)		(5,478,622	)

Net change in contract owners’ equity		(622,564	)		(1,674,016	)		(53,683	)		32,030			(416,619	)		509,568			(2,353,141	)		(11,467,691	)
Contract owners’ equity at beginning of period		914,203			2,588,219			101,368			69,338			659,488			149,920			11,336,193			22,803,884

Contract owners’ equity at end of period	$	291,639			914,203			47,685			101,368			242,869			659,488			8,983,052			11,336,193

CHANGE IN UNITS:
Beginning units		12,770,490			40,092,956			144,713			105,207			897,880			256,040			360,214			511,663
Units purchased		56,591,019			120,853,758			1,133,780			4,075,956			6,610,600			12,095,738			78,549			131,552
Units redeemed		(64,326,090	)		(148,176,224	)		(1,203,891	)		(4,036,450	)		(7,107,555	)		(11,453,898	)		(166,067	)		(283,001	)

Ending units		5,035,419			12,770,490			74,602			144,713			400,925			897,880			272,696			360,214

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	RVLCV						RVLDD						RVMCG						RVMCV
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(13,576	)		(83,893	)		(75,547	)		(111,264	)		(59,223	)		(63,957	)		(68,577	)		(23,030	)
Realized gain (loss) on investments		(1,426,547	)		1,241,811			(162,271	)		(1,486,292	)		(975,083	)		(1,106,332	)		259,212			(1,434,836	)
Change in unrealized gain (loss) on investments		1,584,132			(3,290,105	)		1,309,974			(436,473	)		1,519,515			(1,189,823	)		809,663			(95,547	)
Reinvested capital gains		-			1,270,783			-			344,658			-			882,226			-			1,069,078

Net increase (decrease) in contract owners’ equity resulting from operations		144,009			(861,404	)		1,072,156			(1,689,371	)		485,209			(1,477,886	)		1,000,298			(484,335	)

Equity transactions:
Purchase payments received from contract owners (note 4)		70,574			33,064			3,905			18,928			20,142			3,951			20,667			21,146
Transfers between funds		(2,600,964	)		2,253,251			(3,178,640	)		4,127,754			106,740			(674,084	)		(491,210	)		(194,075	)
Redemptions (notes 2, 3, and 4)		(1,287,745	)		(904,370	)		(343,794	)		(607,350	)		(506,222	)		(422,464	)		(792,256	)		(438,531	)
Adjustments to maintain reserves		(155	)		(5,362	)		(182	)		178			(82	)		4,344			(181	)		10,135

Net equity transactions		(3,818,290	)		1,376,583			(3,518,711	)		3,539,510			(379,422	)		(1,088,253	)		(1,262,980	)		(601,325	)

Net change in contract owners’ equity		(3,674,281	)		515,179			(2,446,555	)		1,850,139			105,787			(2,566,139	)		(262,682	)		(1,085,660	)
Contract owners’ equity at beginning of period		12,987,231			12,472,052			9,248,834			7,398,695			4,081,796			6,647,935			4,858,527			5,944,187

Contract owners’ equity at end of period	$	9,312,950			12,987,231			6,802,279			9,248,834			4,187,583			4,081,796			4,595,845			4,858,527

CHANGE IN UNITS:
Beginning units		488,581			449,644			180,273			116,657			141,466			176,287			166,059			190,860
Units purchased		324,024			904,077			175,283			325,182			162,393			112,445			71,207			372,246
Units redeemed		(477,423	)		(865,140	)		(247,369	)		(261,566	)		(175,299	)		(147,266	)		(112,283	)		(397,047	)

Ending units		335,182			488,581			108,187			180,273			128,560			141,466			124,983			166,059

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	RVMFU						RVSCG						RVSCV						RVSDL
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	57,217			35,699			(38,717	)		(50,880	)		(37,035	)		(46,984	)		(10,899	)		(24,989	)
Realized gain (loss) on investments		29,147			234,071			(419,968	)		(1,424,915	)		176,598			(900,044	)		(113,373	)		277,739
Change in unrealized gain (loss) on investments		(78,103	)		(10,449	)		891,731			(721,443	)		246,262			55,118			126,323			(138,105	)
Reinvested capital gains		56,860			14,918			-			653,741			-			457,539			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		65,121			274,239			433,046			(1,543,497	)		385,825			(434,371	)		2,051			114,645

Equity transactions:
Purchase payments received from contract owners (note 4)		14,974			9,242			22,358			26,302			4,208			1,683			974			1,736
Transfers between funds		(353,941	)		164,860			41,262			(339,672	)		(182,390	)		(333,090	)		(709,160	)		(2,132	)
Redemptions (notes 2, 3, and 4)		(362,311	)		(604,740	)		(405,400	)		(389,257	)		(431,323	)		(384,076	)		(28,213	)		(61,775	)
Adjustments to maintain reserves		2,299			(3,278	)		(81	)		1,791			(164	)		2,269			(38	)		530

Net equity transactions		(698,979	)		(433,916	)		(341,861	)		(700,836	)		(609,669	)		(713,214	)		(736,437	)		(61,641	)

Net change in contract owners’ equity		(633,858	)		(159,677	)		91,185			(2,244,333	)		(223,844	)		(1,147,585	)		(734,386	)		53,004
Contract owners’ equity at beginning of period		2,824,562			2,984,239			2,972,512			5,216,845			2,737,710			3,885,295			1,102,319			1,049,315

Contract owners’ equity at end of period	$	2,190,704			2,824,562			3,063,697			2,972,512			2,513,866			2,737,710			367,933			1,102,319

CHANGE IN UNITS:
Beginning units		389,155			448,529			120,850			147,620			127,609			164,324			141,711			153,678
Units purchased		20,406			289,185			225,186			137,170			162,720			452,689			566,927			1,532,250
Units redeemed		(115,588	)		(348,559	)		(238,248	)		(163,940	)		(191,726	)		(489,404	)		(660,402	)		(1,544,217	)

Ending units		293,973			389,155			107,788			120,850			98,603			127,609			48,236			141,711

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	RVWDL						HTDEIA						HTIOIA					HTMCIA
	2023			2022			2023			2022			2023			2022		2023			2022
*Investment activity:**
Net investment income (loss)	$	(5,980	)		(2,963	)		2,406			3,295			59			-		(381	)		621
Realized gain (loss) on investments		(32,523	)		(93,983	)		(4,525	)		(64,605	)		(1	)		-		(6,863	)		(23,601	)
Change in unrealized gain (loss) on investments		(680	)		9,752			94,308			(61,050	)		116			-		14,973			(20,387	)
Reinvested capital gains		-			-			3,506			26,413			-			-		10,076			15,702

Net increase (decrease) in contract owners’ equity resulting from operations		(39,183	)		(87,194	)		95,695			(95,947	)		174			-		17,805			(27,665	)

Equity transactions:
Purchase payments received from contract owners (note 4)		4,230			89,817			89,706			79,788			5,754			-		37,102			47,196
Transfers between funds		(885,462	)		981,866			(52,310	)		54,645			-			-		9,601			(9,043	)
Redemptions (notes 2, 3, and 4)		(10,367	)		(36,706	)		(48,122	)		(19,543	)		(28	)		-		(30,633	)		(5,331	)
Adjustments to maintain reserves		(21	)		(4	)		(11	)		2,000			(2	)		-		-			743

Net equity transactions		(891,620	)		1,034,973			(10,737	)		116,890			5,724			-		16,070			33,565

Net change in contract owners’ equity		(930,803	)		947,779			84,958			20,943			5,898			-		33,875			5,900
Contract owners’ equity at beginning of period		1,115,084			167,305			436,797			415,854			-			-		105,864			99,964

Contract owners’ equity at end of period	$	184,281			1,115,084			521,755			436,797			5,898			-		139,739			105,864

CHANGE IN UNITS:
Beginning units		285,625			33,003			41,010			31,539			-			-		11,456			8,160
Units purchased		584,626			1,237,334			10,351			14,861			566			-		4,910			5,395
Units redeemed		(825,323	)		(984,712	)		(10,826	)		(5,390	)		(2	)		-		(3,156	)		(2,099	)

Ending units		44,928			285,625			40,535			41,010			564			-		13,210			11,456

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	AVIE2						IVBRA2						IVEW52						IVEW5I
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(15,988	)		6,286			(48,163	)		280,949			12,705			(46,912	)		9,964			1,487
Realized gain (loss) on investments		(119,687	)		(337,122	)		(296,592	)		(155,800	)		(300,899	)		4,010,515			(9,443	)		(3,780	)
Change in unrealized gain (loss) on investments		365,934			(318,733	)		530,194			(1,101,955	)		910,136			(7,522,203	)		56,541			(12,441	)
Reinvested capital gains		724			209,514			-			165,412			1,171,670			922,098			63,758			10,365

Net increase (decrease) in contract owners’ equity resulting from operations		230,983			(440,055	)		185,439			(811,394	)		1,793,612			(2,636,502	)		120,820			(4,369	)

Equity transactions:
Purchase payments received from contract owners (note 4)		46,079			143,442			89,527			198,573			55,677			95,990			856,773			206,613
Transfers between funds		(545,279	)		11,775			(668,541	)		(367,008	)		(164,175	)		(587,954	)		(24,101	)		20,396
Redemptions (notes 2, 3, and 4)		(517,206	)		(106,036	)		(301,270	)		(343,993	)		(1,851,277	)		(684,941	)		(25,511	)		(9,933	)
Adjustments to maintain reserves		(38	)		5,377			(64	)		(36,179	)		(74	)		129,035			(3	)		688

Net equity transactions		(1,016,444	)		54,558			(880,348	)		(548,607	)		(1,959,849	)		(1,047,870	)		807,158			217,764

Net change in contract owners’ equity		(785,461	)		(385,497	)		(694,909	)		(1,360,001	)		(166,237	)		(3,684,372	)		927,978			213,395
Contract owners’ equity at beginning of period		1,792,461			2,177,958			4,276,023			5,636,024			15,998,560			19,682,932			232,368			18,973

Contract owners’ equity at end of period	$	1,007,000			1,792,461			3,581,114			4,276,023			15,832,323			15,998,560			1,160,346			232,368

CHANGE IN UNITS:
Beginning units		160,961			157,530			350,441			391,754			897,211			959,740			25,780			1,850
Units purchased		14,132			24,079			49,606			55,337			53,659			132,452			140,063			25,610
Units redeemed		(97,216	)		(20,648	)		(119,967	)		(96,650	)		(159,682	)		(194,981	)		(52,284	)		(1,680	)

Ending units		77,877			160,961			280,080			350,441			791,188			897,211			113,559			25,780

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	OVAG						OVGSS						OVIG						OVSC
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(1,919	)		(1,641	)		(166,306	)		(164,886	)		3,957			(3,738	)		1,779			377
Realized gain (loss) on investments		(135,809	)		(52,680	)		(439,617	)		(243,350	)		(121,530	)		(224,654	)		(2,809	)		(4,364	)
Change in unrealized gain (loss) on investments		205,157			(279,923	)		3,042,883			(8,316,405	)		366,337			(397,273	)		38,122			(15,840	)
Reinvested capital gains		-			134,109			1,601,007			2,436,805			-			218,471			-			13,465

Net increase (decrease) in contract owners’ equity resulting from operations		67,429			(200,135	)		4,037,967			(6,287,836	)		248,764			(407,194	)		37,092			(6,362	)

Equity transactions:
Purchase payments received from contract owners (note 4)		159,416			90,204			138,379			343,248			276,725			351,380			84,443			122,926
Transfers between funds		230,451			(56,089	)		67,367			12,678			(27,254	)		(221,775	)		29,388			6,644
Redemptions (notes 2, 3, and 4)		(93,926	)		(28,121	)		(1,594,791	)		(821,526	)		(97,924	)		(129,049	)		(21,415	)		(820	)
Adjustments to maintain reserves		(6	)		(269	)		(172	)		988			(13	)		(283	)		(5	)		593

Net equity transactions		295,935			5,725			(1,389,217	)		(464,612	)		151,534			273			92,411			129,343

Net change in contract owners’ equity		363,364			(194,410	)		2,648,750			(6,752,448	)		400,298			(406,921	)		129,503			122,981
Contract owners’ equity at beginning of period		447,643			642,053			12,231,636			18,984,084			1,103,483			1,510,404			122,981			-

Contract owners’ equity at end of period	$	811,007			447,643			14,880,386			12,231,636			1,503,781			1,103,483			252,484			122,981

CHANGE IN UNITS:
Beginning units		49,207			48,542			726,423			759,266			128,381			127,611			15,133			-
Units purchased		42,428			15,589			193,809			132,024			36,261			57,854			16,911			15,388
Units redeemed		(12,606	)		(14,924	)		(255,777	)		(164,867	)		(19,637	)		(57,084	)		(5,654	)		(255	)

Ending units		79,029			49,207			664,455			726,423			145,005			128,381			26,390			15,133

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	OVSCS						WRASP						WRENG						JABS
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(17,218	)		(80,841	)		59,934			4,984			21,476			34,248			187,964			(62,816	)
Realized gain (loss) on investments		391,513			21,094			29,413			74,926			415,254			428,500			557,892			626,831
Change in unrealized gain (loss) on investments		1,347,062			(2,884,208	)		954,892			(2,866,946	)		(409,074	)		125,474			3,233,521			(7,855,524	)
Reinvested capital gains		-			1,132,292			-			792,912			-			-			-			925,857

Net increase (decrease) in contract owners’ equity resulting from operations		1,721,357			(1,811,663	)		1,044,239			(1,994,124	)		27,656			588,222			3,979,377			(6,365,652	)

Equity transactions:
Purchase payments received from contract owners (note 4)		951,206			400,815			83,300			56,905			2,375			1,660			1,662,461			2,681,964
Transfers between funds		1,019,800			417,993			92,738			(239,758	)		(412,840	)		(82,192	)		1,143,214			(983,068	)
Redemptions (notes 2, 3, and 4)		(882,341	)		(422,731	)		(1,146,315	)		(1,721,153	)		(241,754	)		(173,298	)		(3,917,273	)		(1,826,060	)
Adjustments to maintain reserves		960			(4,438	)		(126	)		4,154			(23	)		(205	)		(69	)		243

Net equity transactions		1,089,625			391,639			(970,403	)		(1,899,852	)		(652,242	)		(254,035	)		(1,111,667	)		(126,921	)

Net change in contract owners’ equity		2,810,982			(1,420,024	)		73,836			(3,893,976	)		(624,586	)		334,187			2,867,710			(6,492,573	)
Contract owners’ equity at beginning of period		8,949,354			10,369,378			9,057,547			12,951,523			1,769,294			1,435,107			29,295,281			35,787,854

Contract owners’ equity at end of period	$	11,760,336			8,949,354			9,131,383			9,057,547			1,144,708			1,769,294			32,162,991			29,295,281

CHANGE IN UNITS:
Beginning units		582,470			559,952			601,220			722,054			225,811			271,402			1,920,418			1,933,168
Units purchased		371,890			133,262			56,430			45,817			11,307			91,770			264,194			382,947
Units redeemed		(296,602	)		(110,744	)		(116,877	)		(166,651	)		(94,557	)		(137,361	)		(332,381	)		(395,697	)

Ending units		657,758			582,470			540,773			601,220			142,561			225,811			1,852,231			1,920,418

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	JAFBS						JAGTS						JAIGS					JAMGS
	2023			2022			2023			2022			2023			2022		2023			2022
*Investment activity:**
Net investment income (loss)	$	114,155			39,435			(351,797	)		(309,852	)		584			-		(205,969	)		(204,623	)
Realized gain (loss) on investments		(134,873	)		(149,888	)		(3,869,001	)		(2,599,071	)		(109	)		-		(178,931	)		(51,769	)
Change in unrealized gain (loss) on investments		221,858			(753,419	)		16,558,720			(16,644,330	)		20,544			-		1,919,115			(6,981,962	)
Reinvested capital gains		-			79,764			-			5,039,408			-			-		1,479,913			3,389,851

Net increase (decrease) in contract owners’ equity resulting from operations		201,140			(784,108	)		12,337,922			(14,513,845	)		21,019			-		3,014,128			(3,848,503	)

Equity transactions:
Purchase payments received from contract owners (note 4)		596,038			361,825			1,616,525			1,654,691			366,261			-		1,192,979			960,198
Transfers between funds		167,098			(172,573	)		442,053			(2,974,139	)		36,558			-		92,351			(374,213	)
Redemptions (notes 2, 3, and 4)		(344,474	)		(514,205	)		(2,512,569	)		(1,934,301	)		(13,532	)		-		(1,244,182	)		(1,219,628	)
Adjustments to maintain reserves		(45	)		(35	)		(78	)		(1,424	)		(2	)		-		(140	)		(1,563	)

Net equity transactions		418,617			(324,988	)		(454,069	)		(3,255,173	)		389,285			-		41,008			(635,206	)

Net change in contract owners’ equity		619,757			(1,109,096	)		11,883,853			(17,769,018	)		410,304			-		3,055,136			(4,483,709	)
Contract owners’ equity at beginning of period		4,237,444			5,346,540			23,072,880			40,841,898			-			-		18,126,115			22,609,824

Contract owners’ equity at end of period	$	4,857,201			4,237,444			34,956,733			23,072,880			410,304			-		21,181,251			18,126,115

CHANGE IN UNITS:
Beginning units		431,456			463,600			925,497			1,017,500			-			-		912,382			942,612
Units purchased		170,875			80,304			334,306			423,472			53,320			-		186,650			182,379
Units redeemed		(127,739	)		(112,448	)		(340,746	)		(515,475	)		(12,571	)		-		(183,343	)		(212,609	)

Ending units		474,592			431,456			919,057			925,497			40,749			-		915,689			912,382

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	LZREMI						LZREMS						LPVAI						LPVCA2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	15,258			8,615			113,235			65,350			1,747			2,651			(39,061	)		(44,159	)
Realized gain (loss) on investments		(2,093	)		(36,495	)		(27,084	)		559,918			6,785			(34,986	)		(46,504	)		(1,547,839	)
Change in unrealized gain (loss) on investments		43,943			(17,991	)		522,959			(1,423,327	)		41,673			(25,660	)		528,026			4,559
Reinvested capital gains		-			-			-			-			8,285			18,086			442,869			571,253

Net increase (decrease) in contract owners’ equity resulting from operations		57,108			(45,871	)		609,110			(798,059	)		58,490			(39,909	)		885,330			(1,016,186	)

Equity transactions:
Purchase payments received from contract owners (note 4)		66,610			50,971			29,916			14,592			64,556			61,927			(5	)		(3	)
Transfers between funds		(5,840	)		12,047			(179,015	)		(985,055	)		(26,705	)		(46,325	)		(134,653	)		166,705
Redemptions (notes 2, 3, and 4)		(23,819	)		(29,731	)		(782,713	)		(548,265	)		(155,229	)		(37,186	)		(160,337	)		(214,130	)
Adjustments to maintain reserves		(6	)		2,475			(137	)		36,069			(6	)		(16,715	)		(31	)		(481,872	)

Net equity transactions		36,945			35,762			(931,949	)		(1,482,659	)		(117,384	)		(38,299	)		(295,026	)		(529,300	)

Net change in contract owners’ equity		94,053			(10,109	)		(322,839	)		(2,280,718	)		(58,894	)		(78,208	)		590,304			(1,545,486	)
Contract owners’ equity at beginning of period		243,824			253,933			3,374,560			5,655,278			362,649			440,857			4,038,607			5,584,093

Contract owners’ equity at end of period	$	337,877			243,824			3,051,721			3,374,560			303,755			362,649			4,628,911			4,038,607

CHANGE IN UNITS:
Beginning units		24,142			21,307			391,384			548,611			32,172			34,128			367,862			369,692
Units purchased		8,681			6,710			21,385			23,908			5,322			12,453			5,532			51,477
Units redeemed		(5,443	)		(3,875	)		(118,989	)		(181,135	)		(14,913	)		(14,409	)		(30,453	)		(53,307	)

Ending units		27,380			24,142			293,780			391,384			22,581			32,172			342,941			367,862

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	LPVCII						LPVCMI						LPWHY2						SBVI
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	42,736			13,699			(154	)		20			109,791			161,793			(138	)		50
Realized gain (loss) on investments		(38,374	)		(82,163	)		(3,730	)		(4,565	)		(49,360	)		(483,409	)		2,221			208,411
Change in unrealized gain (loss) on investments		(53,279	)		(88,618	)		20,952			(3,561	)		178,904			(304,868	)		82,050			(353,082	)
Reinvested capital gains		314,273			102,274			510			2,764			-			-			116,609			58,716

Net increase (decrease) in contract owners’ equity resulting from operations		265,356			(54,808	)		17,578			(5,342	)		239,335			(626,484	)		200,742			(85,905	)

Equity transactions:
Purchase payments received from contract owners (note 4)		1,272,127			680,185			146,461			68,549			20,618			115,166			-			-
Transfers between funds		(35,635	)		(108,394	)		(1,549	)		2,311			(102,647	)		(927,446	)		-			(60,639	)
Redemptions (notes 2, 3, and 4)		(302,701	)		(69,507	)		(3,724	)		(394	)		(433,206	)		(593,695	)		(67,150	)		(94,622	)
Adjustments to maintain reserves		(3	)		(27,690	)		-			(3,705	)		637			(62,159	)		(11	)		(46,033	)

Net equity transactions		933,788			474,594			141,188			66,761			(514,598	)		(1,468,134	)		(67,161	)		(201,294	)

Net change in contract owners’ equity		1,199,144			419,786			158,766			61,419			(275,263	)		(2,094,618	)		133,581			(287,199	)
Contract owners’ equity at beginning of period		1,408,692			988,906			71,092			9,673			3,196,112			5,290,730			1,526,261			1,813,460

Contract owners’ equity at end of period	$	2,607,836			1,408,692			229,858			71,092			2,920,849			3,196,112			1,659,842			1,526,261

CHANGE IN UNITS:
Beginning units		115,691			74,377			9,441			956			300,914			426,401			65,250			71,601
Units purchased		139,361			58,741			29,425			8,765			18,480			56,203			-			-
Units redeemed		(66,897	)		(17,427	)		(11,749	)		(280	)		(66,299	)		(181,690	)		(2,786	)		(6,351	)

Ending units		188,155			115,691			27,117			9,441			253,095			300,914			62,464			65,250

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	SBVSG2						LJPCBT					LJPMVS					LJPSCS
	2023			2022			2023			2022		2023			2022		2023			2022
*Investment activity:**
Net investment income (loss)	$	(95,706	)		(108,534	)		113,581			-		38,316			-		5,645			-
Realized gain (loss) on investments		102,776			(2,642,200	)		(28,899	)		-		37,315			-		2,528			-
Change in unrealized gain (loss) on investments		554,748			(137,017	)		75,197			-		169,968			-		96,337			-
Reinvested capital gains		-			219,241			-			-		-			-		-			-

Net increase (decrease) in contract owners’ equity resulting from operations		561,818			(2,668,510	)		159,879			-		245,599			-		104,510			-

Equity transactions:
Purchase payments received from contract owners (note 4)		124,895			438,080			1,600,354			-		432,236			-		321,888			-
Transfers between funds		(364,683	)		(265,357	)		7,866,513			-		1,703,983			-		576,592			-
Redemptions (notes 2, 3, and 4)		(437,847	)		(570,345	)		(1,184,573	)		-		(170,012	)		-		(50,948	)		-
Adjustments to maintain reserves		(51	)		(1,158,819	)		(9	)		-		(6	)		-		(8	)		-

Net equity transactions		(677,686	)		(1,556,441	)		8,282,285			-		1,966,201			-		847,524			-

Net change in contract owners’ equity		(115,868	)		(4,224,951	)		8,442,164			-		2,211,800			-		952,034			-
Contract owners’ equity at beginning of period		8,720,812			12,945,763			-			-		-			-		-			-

Contract owners’ equity at end of period	$	8,604,944			8,720,812			8,442,164			-		2,211,800			-		952,034			-

CHANGE IN UNITS:
Beginning units		516,720			538,629			-			-		-			-		-			-
Units purchased		53,022			251,983			1,031,042			-		277,622			-		98,009			-
Units redeemed		(92,814	)		(273,892	)		(199,368	)		-		(78,439	)		-		(13,736	)		-

Ending units		476,928			516,720			831,674			-		199,183			-		84,273			-

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	LJPUES					LOVSDC						LOVTRC						MNCPS2
	2023			2022		2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	28,741			-		602,923			317,007			248,601			212,701			36,959			119,915
Realized gain (loss) on investments		34,068			-		(231,464	)		(503,975	)		(761,672	)		(268,576	)		(200,851	)		(168,493	)
Change in unrealized gain (loss) on investments		570,485			-		301,514			(872,390	)		916,241			(1,564,763	)		666,440			(1,797,526	)
Reinvested capital gains		21,671			-		-			-			-			24,370			-			754,403

Net increase (decrease) in contract owners' equity resulting from operations		654,965			-		672,973			(1,059,358	)		403,170			(1,596,268	)		502,548			(1,091,701	)

Equity transactions:
Purchase payments received from contract owners (note 4)		1,304,679			-		1,309,217			4,501,292			326,102			243,804			71,173			172,583
Transfers between funds		3,213,041			-		63,377			4,361,218			835,749			4,170,269			1,120,711			(350,803	)
Redemptions (notes 2, 3, and 4)		(206,086	)		-		(1,982,846	)		(5,436,297	)		(2,434,069	)		(1,424,469	)		(863,786	)		(845,698	)
Adjustments to maintain reserves		(7	)		-		(73	)		(97	)		(99	)		(117	)		(83	)		19,221

Net equity transactions		4,311,627			-		(610,325	)		3,426,116			(1,272,317	)		2,989,487			328,015			(1,004,697	)

Net change in contract owners’ equity		4,966,592			-		62,648			2,366,758			(869,147	)		1,393,219			830,563			(2,096,398	)
Contract owners’ equity at beginning of period		-			-		17,617,661			15,250,903			9,627,302			8,234,083			6,178,129			8,274,527

Contract owners’ equity at end of period	$	4,966,592			-		17,680,309			17,617,661			8,758,155			9,627,302			7,008,692			6,178,129

CHANGE IN UNITS:
Beginning units		-			-		1,746,501			1,419,079			994,668			718,182			356,353			410,743
Units purchased		466,960			-		303,297			1,403,825			290,179			584,953			90,801			65,065
Units redeemed		(40,652	)		-		(360,510	)		(1,076,403	)		(423,542	)		(308,467	)		(69,650	)		(119,455	)

Ending units		426,308			-		1,689,288			1,746,501			861,305			994,668			377,504			356,353

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	MNHCBI						MNVFRI						MNWLGI						M3GRES
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	98,982			17,601			53,508			36,541			(135	)		(1	)		(3,499	)		1,375
Realized gain (loss) on investments		(10,613	)		(37,504	)		(8,815	)		(23,132	)		1,183			-			(15,755	)		(34,901	)
Change in unrealized gain (loss) on investments		80,817			(12,988	)		29,483			(24,117	)		11,168			(141	)		38,349			(155,370	)
Reinvested capital gains		-			-			-			-			1,938			-			32,688			35,792

Net increase (decrease) in contract owners’ equity resulting from operations		169,186			(32,891	)		74,176			(10,708	)		14,154			(142	)		51,783			(153,104	)

Equity transactions:
Purchase payments received from contract owners (note 4)		316,117			590,350			108,247			346,112			45,318			4,097			4,194			405,135
Transfers between funds		842,475			(47,656	)		(231,486	)		(42,983	)		(4,059	)		-			15,598			65,024
Redemptions (notes 2, 3, and 4)		(180,830	)		(26,192	)		(120,200	)		(123,278	)		(488	)		-			(8,015	)		(16,083	)
Adjustments to maintain reserves		(8	)		1,153			39			(470	)		(4	)		1			(4	)		3,454

Net equity transactions		977,754			517,655			(243,400	)		179,381			40,767			4,098			11,773			457,530

Net change in contract owners’ equity		1,146,940			484,764			(169,224	)		168,673			54,921			3,956			63,556			304,426
Contract owners’ equity at beginning of period		859,544			374,780			796,583			627,910			3,956			-			535,750			231,324

Contract owners’ equity at end of period	$	2,006,484			859,544			627,359			796,583			58,877			3,956			599,306			535,750

CHANGE IN UNITS:
Beginning units		87,124			34,824			77,010			59,742			434			-			64,090			19,930
Units purchased		123,727			108,126			14,079			50,097			4,502			434			20,570			84,191
Units redeemed		(28,395	)		(55,826	)		(36,678	)		(32,829	)		(405	)		-			(19,484	)		(40,031	)

Ending units		182,456			87,124			54,411			77,010			4,531			434			65,176			64,090

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	MEGS						MMCGSC					MV2CBI						MV2RII
	2023			2022			2023			2022		2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(600	)		(129	)		(2,126	)		-		2,558			394			805			94
Realized gain (loss) on investments		(2,286	)		(5,830	)		(2	)		-		(21	)		(1,986	)		1,218			(1,444	)
Change in unrealized gain (loss) on investments		36,135			(10,052	)		26,741			-		855			-			8,118			2,924
Reinvested capital gains		15,507			3,659			5,040			-		-			642			-			167

Net increase (decrease) in contract owners’ equity resulting from operations		48,756			(12,352	)		29,653			-		3,392			(950	)		10,141			1,741

Equity transactions:
Purchase payments received from contract owners (note 4)		119,438			81,952			98,062			-		-			11,812			78,889			42,378
Transfers between funds		(23,362	)		5,629			301,198			-		70,933			(10,629	)		3,320			3,984
Redemptions (notes 2, 3, and 4)		(4,411	)		(986	)		(2,390	)		-		(730	)		(240	)		(10,545	)		(108	)
Adjustments to maintain reserves		(1	)		(53	)		(5	)		-		(1	)		7			-			61

Net equity transactions		91,664			86,542			396,865			-		70,202			950			71,664			46,315

Net change in contract owners’ equity		140,420			74,190			426,518			-		73,594			-			81,805			48,056
Contract owners’ equity at beginning of period		90,452			16,262			-			-		-			-			48,056			-

Contract owners’ equity at end of period	$	230,872			90,452			426,518			-		73,594			-			129,861			48,056

CHANGE IN UNITS:
Beginning units		13,104			1,605			-			-		-			-			5,574			-
Units purchased		14,993			11,632			41,950			-		7,935			1,345			9,253			6,444
Units redeemed		(3,393	)		(133	)		(4,069	)		-		(82	)		(1,345	)		(1,452	)		(870	)

Ending units		24,704			13,104			37,881			-		7,853			-			13,375			5,574

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	MV2RIS						MV3LMS				MV3MVI						MV3MVS
	2023			2022			2023		2022		2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(4,801	)		5,751			45		-		2,900			754			42,909			(35,097	)
Realized gain (loss) on investments		(828	)		(201,333	)		-		-		(3,229	)		(1,576	)		(167,347	)		1,207,116
Change in unrealized gain (loss) on investments		141,881			(87,875	)		372		-		20,016			(21,585	)		910,055			(3,371,931	)
Reinvested capital gains		-			27,555			-		-		6,707			9,443			364,810			906,911

Net increase (decrease) in contract owners’ equity resulting from operations		136,252			(255,902	)		417		-		26,394			(12,964	)		1,150,427			(1,293,001	)

Equity transactions:
Purchase payments received from contract owners (note 4)		30,145			380,493			-		-		115,985			44,458			606,541			874,184
Transfers between funds		(22,427	)		(38,643	)		35,354		-		2,092			(14,120	)		(159,917	)		57,859
Redemptions (notes 2, 3, and 4)		(16,144	)		(56,945	)		-		-		(13,844	)		(9,896	)		(614,288	)		(685,633	)
Adjustments to maintain reserves		(40	)		6,720			-		-		(11	)		1,603			(109	)		140,866

Net equity transactions		(8,466	)		291,625			35,354		-		104,222			22,045			(167,773	)		387,276

Net change in contract owners’ equity		127,786			35,723			35,771		-		130,616			9,081			982,654			(905,725	)
Contract owners’ equity at beginning of period		1,186,550			1,150,827			-		-		133,556			124,475			10,610,577			11,516,302

Contract owners’ equity at end of period	$	1,314,336			1,186,550			35,771		-		264,172			133,556			11,593,231			10,610,577

CHANGE IN UNITS:
Beginning units		99,652			78,497			-		-		10,447			8,851			659,309			643,606
Units purchased		23,279			87,847			3,480		-		9,657			3,465			153,318			168,055
Units redeemed		(23,920	)		(66,692	)		-		-		(1,708	)		(1,869	)		(164,066	)		(152,352	)

Ending units		99,011			99,652			3,480		-		18,396			10,447			648,561			659,309

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	MVBRES						MVFIC						MVGTAS						MVIGIC
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(712	)		(9,459	)		12,834			10,321			(9,187	)		4,993			5,234			676
Realized gain (loss) on investments		(114,810	)		390,785			(16,969	)		(72,732	)		(17,417	)		(101,142	)		(2,337	)		(15,313	)
Change in unrealized gain (loss) on investments		555,462			(1,511,521	)		23,579			(106,674	)		58,349			(60,393	)		26,722			(14,423	)
Reinvested capital gains		233,088			501,365			68,043			60,219			27,828			61,640			19,425			12,044

Net increase (decrease) in contract owners’ equity resulting from operations		673,028			(628,830	)		87,487			(108,866	)		59,573			(94,902	)		49,044			(17,016	)

Equity transactions:
Purchase payments received from contract owners (note 4)		36,335			25,775			282,509			326,787			99,625			8,688			494,471			195,668
Transfers between funds		(94,856	)		(200,367	)		(38,132	)		(767,977	)		(80,236	)		(35,189	)		45,746			2,988
Redemptions (notes 2, 3, and 4)		(238,624	)		(301,755	)		(111,733	)		(191,017	)		(139,046	)		(120,293	)		(78,064	)		(3,657	)
Adjustments to maintain reserves		(22	)		15,542			(14	)		6,881			(71	)		2,653			2			300

Net equity transactions		(297,167	)		(460,805	)		132,630			(625,326	)		(119,728	)		(144,141	)		462,155			195,299

Net change in contract owners’ equity		375,861			(1,089,635	)		220,117			(734,192	)		(60,155	)		(239,043	)		511,199			178,283
Contract owners’ equity at beginning of period		2,685,079			3,774,714			992,006			1,726,198			825,547			1,064,590			248,163			69,880

Contract owners’ equity at end of period	$	3,060,940			2,685,079			1,212,123			992,006			765,392			825,547			759,362			248,163

CHANGE IN UNITS:
Beginning units		157,834			183,698			80,696			131,668			65,507			77,368			29,404			7,017
Units purchased		33,547			51,232			43,507			28,630			8,163			3,949			85,803			23,778
Units redeemed		(49,651	)		(77,096	)		(32,563	)		(79,602	)		(17,531	)		(15,810	)		(36,529	)		(1,391	)

Ending units		141,730			157,834			91,640			80,696			56,139			65,507			78,678			29,404

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	MVIGSC						MVITSI						MVIVSC						MVUSC
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(7,279	)		(20,097	)		40			188			(164,462	)		(155,759	)		111,689			68,799
Realized gain (loss) on investments		(22,694	)		(144,414	)		(8,048	)		(9,656	)		(93,349	)		787,611			(271,908	)		313,453
Change in unrealized gain (loss) on investments		334,623			(483,361	)		12,926			(15,895	)		2,465,791			(11,248,690	)		(361,397	)		(769,687	)
Reinvested capital gains		119,944			163,435			813			8,488			2,294,476			1,301,119			301,462			240,154

Net increase (decrease) in contract owners’ equity resulting from operations		424,594			(484,437	)		5,731			(16,875	)		4,502,456			(9,315,719	)		(220,154	)		(147,281	)

Equity transactions:
Purchase payments received from contract owners (note 4)		539,307			409,889			18,079			3,516			303,959			889,548			477,689			624,255
Transfers between funds		552,277			132,096			(46,028	)		(11,546	)		(433,186	)		(267,222	)		(1,320,986	)		2,296,714
Redemptions (notes 2, 3, and 4)		(147,850	)		(105,181	)		(515	)		(15,651	)		(1,136,287	)		(1,052,779	)		(847,068	)		(321,442	)
Adjustments to maintain reserves		(45	)		5,477			1			459			(94	)		35,714			(62	)		36,715

Net equity transactions		943,689			442,281			(28,463	)		(23,222	)		(1,265,608	)		(394,739	)		(1,690,427	)		2,636,242

Net change in contract owners’ equity		1,368,283			(42,156	)		(22,732	)		(40,097	)		3,236,848			(9,710,458	)		(1,910,581	)		2,488,961
Contract owners’ equity at beginning of period		2,965,793			3,007,949			57,620			97,717			28,350,150			38,060,608			7,176,745			4,687,784

Contract owners’ equity at end of period	$	4,334,076			2,965,793			34,888			57,620			31,586,998			28,350,150			5,266,164			7,176,745

CHANGE IN UNITS:
Beginning units		264,131			224,615			5,203			7,343			2,064,631			2,091,188			477,776			309,520
Units purchased		137,157			111,900			1,510			367			116,814			340,109			104,772			338,857
Units redeemed		(59,718	)		(72,384	)		(4,056	)		(2,507	)		(202,335	)		(366,666	)		(220,026	)		(170,601	)

Ending units		341,570			264,131			2,657			5,203			1,979,110			2,064,631			362,522			477,776

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	MGRFV						MSEMB						MSGI2						MSVEG2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	3,751			18,861			495,431			474,341			54,755			98,401			(203,008	)		(199,762	)
Realized gain (loss) on investments		(683	)		48,454			(583,950	)		(561,904	)		(212,595	)		33,359			(162,049	)		(31,599,945	)
Change in unrealized gain (loss) on investments		(117,285	)		(67,627	)		718,152			(1,741,157	)		(404,811	)		(1,148,504	)		6,641,983			2,977,448
Reinvested capital gains		184,078			-			-			-			746,908			370,553			-			10,285,483

Net increase (decrease) in contract owners’ equity resulting from operations		69,861			(312	)		629,633			(1,828,720	)		184,257			(646,191	)		6,276,926			(18,536,776	)

Equity transactions:
Purchase payments received from contract owners (note 4)		2,687			7,565			7,879			25,170			212,282			113,418			947,179			1,524,888
Transfers between funds		(1,753,021	)		1,329,931			(412,035	)		448,553			250,983			(77,560	)		(874,508	)		233,740
Redemptions (notes 2, 3, and 4)		(240,506	)		(625,063	)		(858,079	)		(1,048,326	)		(678,432	)		(832,286	)		(613,063	)		(772,505	)
Adjustments to maintain reserves		2,459			(21,515	)		1,077			(2,199	)		37			(1,461	)		(116	)		79,146

Net equity transactions		(1,988,381	)		690,918			(1,261,158	)		(576,802	)		(215,130	)		(797,889	)		(540,508	)		1,065,269

Net change in contract owners’ equity		(1,918,520	)		690,606			(631,525	)		(2,405,522	)		(30,873	)		(1,444,080	)		5,736,418			(17,471,507	)
Contract owners’ equity at beginning of period		4,633,152			3,942,546			6,963,186			9,368,708			5,598,457			7,042,537			14,076,354			31,547,861

Contract owners’ equity at end of period	$	2,714,632			4,633,152			6,331,661			6,963,186			5,567,584			5,598,457			19,812,772			14,076,354

CHANGE IN UNITS:
Beginning units		392,736			329,977			648,512			702,004			430,232			490,141			1,590,273			1,402,351
Units purchased		34,650			234,140			33,659			133,728			93,269			82,402			1,429,834			1,626,743
Units redeemed		(205,908	)		(171,381	)		(148,853	)		(187,220	)		(109,420	)		(142,311	)		(1,492,481	)		(1,438,821	)

Ending units		221,478			392,736			533,318			648,512			414,081			430,232			1,527,626			1,590,273

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	MSVEM						MSVGT2						VKVGR2						DTRTFB
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	3,512			161			1,880			(14,872	)		64,823			353,218			69,714			61,380
Realized gain (loss) on investments		(7,321	)		(8,465	)		(62,765	)		(18,882	)		(756,811	)		(733,986	)		(205,814	)		(92,916	)
Change in unrealized gain (loss) on investments		30,432			(50,617	)		177,497			(389,496	)		1,411,425			(3,555,631	)		284,780			(453,697	)
Reinvested capital gains		4,773			16,332			-			187,859			-			424,526			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		31,396			(42,589	)		116,612			(235,391	)		719,437			(3,511,873	)		148,680			(485,233	)

Equity transactions:
Purchase payments received from contract owners (note 4)		184,519			192,698			19,923			1,859			37,282			48,699			168,323			277,864
Transfers between funds		1,571			22,404			5,361			7,974			(11,845	)		(158,208	)		(164,535	)		549,452
Redemptions (notes 2, 3, and 4)		(25,633	)		(23,014	)		(156,238	)		(157,206	)		(1,157,939	)		(1,481,881	)		(209,436	)		(234,546	)
Adjustments to maintain reserves		(8	)		(452	)		(1	)		(85	)		1,680			(4,548	)		(50	)		16

Net equity transactions		160,449			191,636			(130,955	)		(147,458	)		(1,130,822	)		(1,595,938	)		(205,698	)		592,786

Net change in contract owners’ equity		191,845			149,047			(14,343	)		(382,849	)		(411,385	)		(5,107,811	)		(57,018	)		107,553
Contract owners’ equity at beginning of period		182,925			33,878			992,490			1,375,339			8,689,980			13,797,791			3,415,895			3,308,342

Contract owners’ equity at end of period	$	374,770			182,925			978,147			992,490			8,278,595			8,689,980			3,358,877			3,415,895

CHANGE IN UNITS:
Beginning units		25,011			3,459			77,358			87,857			835,029			967,149			369,281			307,057
Units purchased		25,394			32,631			12,855			8,935			51,882			135,526			94,763			169,097
Units redeemed		(4,480	)		(11,079	)		(23,116	)		(19,434	)		(157,988	)		(267,646	)		(116,463	)		(106,873	)

Ending units		45,925			25,011			67,097			77,358			728,923			835,029			347,581			369,281

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	EIF2						GBF						GBF2						GEM
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	55,006			18,361			31,795			15,970			72,768			17,045			2,751			(7,108	)
Realized gain (loss) on investments		329,105			397,691			(237,580	)		(182,502	)		(163,574	)		(556,551	)		(4,947	)		(248,391	)
Change in unrealized gain (loss) on investments		(163,351	)		(2,393,389	)		275,255			(335,102	)		259,092			(712,741	)		29,713			(71,063	)
Reinvested capital gains		902,618			1,260,145			-			-			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		1,123,378			(717,192	)		69,470			(501,634	)		168,286			(1,252,247	)		27,517			(326,562	)

Equity transactions:
Purchase payments received from contract owners (note 4)		1,113,187			766,770			84,015			39,104			117,181			756,069			2,996			7,952
Transfers between funds		(2,085,693	)		1,781,197			278,426			77,569			130,411			(845,705	)		56,936			(430,469	)
Redemptions (notes 2, 3, and 4)		(726,417	)		(737,121	)		(620,786	)		(689,832	)		(631,764	)		(1,079,174	)		(102,289	)		(76,481	)
Adjustments to maintain reserves		(46	)		11,336			(73	)		(98	)		(64	)		(48	)		(51	)		(66,203	)

Net equity transactions		(1,698,969	)		1,822,182			(258,418	)		(573,257	)		(384,236	)		(1,168,858	)		(42,408	)		(565,201	)

Net change in contract owners’ equity		(575,591	)		1,104,990			(188,948	)		(1,074,891	)		(215,950	)		(2,421,105	)		(14,891	)		(891,763	)
Contract owners’ equity at beginning of period		11,855,862			10,750,872			2,743,767			3,818,658			5,737,488			8,158,593			1,102,089			1,993,852

Contract owners’ equity at end of period	$	11,280,271			11,855,862			2,554,819			2,743,767			5,521,538			5,737,488			1,087,198			1,102,089

CHANGE IN UNITS:
Beginning units		725,797			621,809			304,362			365,577			638,849			784,258			124,910			168,043
Units purchased		197,853			329,461			127,848			141,827			54,032			403,016			18,561			26,145
Units redeemed		(298,550	)		(225,473	)		(158,662	)		(203,042	)		(98,546	)		(548,425	)		(23,733	)		(69,278	)

Ending units		625,100			725,797			273,548			304,362			594,335			638,849			119,738			124,910

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	GEM2						GVAAA2						GVABD2						GVAGG2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	31,158			(40,897	)		(1,087,671	)		(1,137,836	)		(159,558	)		(164,864	)		(315,708	)		(336,250	)
Realized gain (loss) on investments		(602,705	)		(822,007	)		(521,947	)		579,692			(353,123	)		(133,760	)		326,946			298,820
Change in unrealized gain (loss) on investments		781,368			(2,176,369	)		3,014,013			(18,778,259	)		949,073			(2,333,792	)		2,740,554			(12,616,655	)
Reinvested capital gains		-			-			9,326,973			3,614,093			-			321,095			2,857,095			1,859,582

Net increase (decrease) in contract owners’ equity resulting from operations		209,821			(3,039,273	)		10,731,368			(15,722,310	)		436,392			(2,311,321	)		5,608,887			(10,794,503	)

Equity transactions:
Purchase payments received from contract owners (note 4)		203,017			588,033			4,337,286			10,421,791			519,566			590,944			1,728,479			1,162,882
Transfers between funds		135,092			594,393			(1,536,310	)		(6,811,658	)		1,428,975			74,471			(1,159,376	)		(863,086	)
Redemptions (notes 2, 3, and 4)		(936,346	)		(879,433	)		(9,358,812	)		(7,605,231	)		(1,883,918	)		(873,819	)		(3,898,268	)		(3,296,153	)
Adjustments to maintain reserves		690			(465	)		(247	)		(1,124	)		(60	)		(34	)		(28	)		1,088

Net equity transactions		(597,547	)		302,528			(6,558,083	)		(3,996,222	)		64,563			(208,438	)		(3,329,193	)		(2,995,269	)

Net change in contract owners’ equity		(387,726	)		(2,736,745	)		4,173,285			(19,718,532	)		500,955			(2,519,759	)		2,279,694			(13,789,772	)
Contract owners’ equity at beginning of period		8,389,960			11,126,705			89,667,314			109,385,846			14,076,522			16,596,281			28,419,291			42,209,063

Contract owners’ equity at end of period	$	8,002,234			8,389,960			93,840,599			89,667,314			14,577,477			14,076,522			30,698,985			28,419,291

CHANGE IN UNITS:
Beginning units		885,086			871,905			4,521,523			4,722,900			1,407,223			1,430,109			1,744,422			1,918,154
Units purchased		102,264			375,156			451,070			1,068,882			318,925			275,487			265,762			411,258
Units redeemed		(165,886	)		(361,975	)		(772,840	)		(1,270,259	)		(316,271	)		(298,373	)		(450,771	)		(584,990	)

Ending units		821,464			885,086			4,199,753			4,521,523			1,409,877			1,407,223			1,559,413			1,744,422

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	GVAGI2						GVAGR2						GVDMA						GVDMC
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(534,853	)		(532,422	)		(767,419	)		(746,810	)		(266,390	)		(315,736	)		(195,662	)		(291,445	)
Realized gain (loss) on investments		162,121			179,250			3,675,733			2,040,313			(2,566,996	)		(2,592,609	)		(1,644,434	)		(723,125	)
Change in unrealized gain (loss) on investments		6,197,280			(10,501,403	)		10,651,924			(35,740,011	)		5,970,556			(11,833,280	)		3,378,712			(7,293,290	)
Reinvested capital gains		4,396,920			1,146,753			7,854,281			8,077,038			226,201			8,718,734			-			3,938,124

Net increase (decrease) in contract owners’ equity resulting from operations		10,221,468			(9,707,822	)		21,414,519			(26,369,470	)		3,363,371			(6,022,891	)		1,538,616			(4,369,736	)

Equity transactions:
Purchase payments received from contract owners (note 4)		3,074,098			4,375,504			5,659,676			6,286,092			816,686			857,237			98,534			297,955
Transfers between funds		(1,074,605	)		(1,727,736	)		(2,401,414	)		(1,999,038	)		(367,308	)		(2,375,699	)		(938,611	)		(1,101,231	)
Redemptions (notes 2, 3, and 4)		(3,612,729	)		(2,213,447	)		(8,403,133	)		(3,952,820	)		(3,954,250	)		(2,276,774	)		(5,496,359	)		(5,375,062	)
Adjustments to maintain reserves		(102	)		9,332			(99	)		2,207			674			(861	)		20,766			(40,643	)

Net equity transactions		(1,613,338	)		443,653			(5,144,970	)		336,441			(3,504,198	)		(3,796,097	)		(6,315,670	)		(6,218,981	)

Net change in contract owners’ equity		8,608,130			(9,264,169	)		16,269,549			(26,033,029	)		(140,827	)		(9,818,988	)		(4,777,054	)		(10,588,717	)
Contract owners’ equity at beginning of period		43,627,492			52,891,661			59,000,454			85,033,483			21,988,538			31,807,526			19,755,843			30,344,560

Contract owners’ equity at end of period	$	52,235,622			43,627,492			75,270,003			59,000,454			21,847,711			21,988,538			14,978,789			19,755,843

CHANGE IN UNITS:
Beginning units		2,524,942			2,515,961			2,788,103			2,768,517			1,593,337			1,859,950			1,688,448			2,193,690
Units purchased		471,784			676,543			994,474			914,507			59,269			252,994			21,398			62,261
Units redeemed		(564,961	)		(667,562	)		(1,176,972	)		(894,921	)		(294,095	)		(519,607	)		(550,802	)		(567,503	)

Ending units		2,431,765			2,524,942			2,605,605			2,788,103			1,358,511			1,593,337			1,159,044			1,688,448

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	GVEX1						GVIDA						GVIDC						GVIDM
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	485,583			122,094			(74,744	)		(103,304	)		(191,211	)		(234,951	)		(721,014	)		(828,305	)
Realized gain (loss) on investments		(60,791,895	)		(16,103,367	)		(354,650	)		(732,508	)		(486,400	)		(66,045	)		(5,767,243	)		(2,506,785	)
Change in unrealized gain (loss) on investments		132,136,602			(280,239,081	)		1,294,860			(2,983,715	)		1,622,900			(3,932,650	)		13,891,413			(30,612,069	)
Reinvested capital gains		410,360			219,366,436			63,315			2,011,801			-			1,305,597			-			19,787,147

Net increase (decrease) in contract owners’ equity resulting from operations		72,240,650			(76,853,918	)		928,781			(1,807,726	)		945,289			(2,928,049	)		7,403,156			(14,160,012	)

Equity transactions:
Purchase payments received from contract owners (note 4)		16,581,012			25,878,401			221,513			276,323			256,234			1,392,699			350,343			1,070,081
Transfers between funds		871,831			(10,684,421	)		76,453			(137,376	)		(768,723	)		(526,433	)		(3,067,819	)		(715,231	)
Redemptions (notes 2, 3, and 4)		(45,764,132	)		(29,131,268	)		(1,106,873	)		(1,581,916	)		(3,557,136	)		(3,279,830	)		(7,872,886	)		(7,022,996	)
Adjustments to maintain reserves		(335	)		51,211			(74	)		58			(93	)		1,314			(161	)		(895	)

Net equity transactions		(28,311,624	)		(13,886,077	)		(808,981	)		(1,442,911	)		(4,069,718	)		(2,412,250	)		(10,590,523	)		(6,669,041	)

Net change in contract owners’ equity		43,929,026			(90,739,995	)		119,800			(3,250,637	)		(3,124,429	)		(5,340,299	)		(3,187,367	)		(20,829,053	)
Contract owners’ equity at beginning of period		306,566,271			397,306,266			5,869,367			9,120,004			16,832,762			22,173,061			60,901,553			81,730,606

Contract owners’ equity at end of period	$	350,495,297			306,566,271			5,989,167			5,869,367			13,708,333			16,832,762			57,714,186			60,901,553

CHANGE IN UNITS:
Beginning units		15,622,670			16,369,397			413,127			516,117			1,596,175			1,825,934			4,779,825			5,288,199
Units purchased		1,991,497			4,402,789			31,231			41,448			162,438			284,619			95,177			483,436
Units redeemed		(3,279,735	)		(5,149,516	)		(86,046	)		(144,438	)		(538,198	)		(514,378	)		(876,524	)		(991,810	)

Ending units		14,334,432			15,622,670			358,312			413,127			1,220,415			1,596,175			3,998,478			4,779,825

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	HIBF						IDPG2						IDPGI2						MCIF
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	288,662			265,678			(31,219	)		(33,625	)		(34,326	)		(37,229	)		42,744			28,250
Realized gain (loss) on investments		(111,311	)		(96,001	)		(145,024	)		(13,707	)		(26,486	)		(32,807	)		(3,368,391	)		(2,377,657	)
Change in unrealized gain (loss) on investments		483,959			(1,025,879	)		463,883			(867,418	)		357,447			(827,610	)		9,118,532			(28,620,911	)
Reinvested capital gains		-			-			-			441,702			-			331,567			3,510,669			18,825,057

Net increase (decrease) in contract owners’ equity resulting from operations		661,310			(856,202	)		287,640			(473,048	)		296,635			(566,079	)		9,303,554			(12,145,261	)

Equity transactions:
Purchase payments received from contract owners (note 4)		163,773			362,661			15,745			613,220			8,871			18,984			2,510,745			2,847,376
Transfers between funds		(144,442	)		90,301			36,643			10,036			2,360			(51,465	)		(1,414,246	)		(4,333,656	)
Redemptions (notes 2, 3, and 4)		(252,421	)		(366,163	)		(670,369	)		(218,501	)		(103,933	)		(339,154	)		(8,949,162	)		(4,446,258	)
Adjustments to maintain reserves		(111	)		252			(40	)		(40	)		(42	)		(50	)		(255	)		21,339

Net equity transactions		(233,201	)		87,051			(618,021	)		404,715			(92,744	)		(371,685	)		(7,852,918	)		(5,911,199	)

Net change in contract owners’ equity		428,109			(769,151	)		(330,381	)		(68,333	)		203,891			(937,764	)		1,450,636			(18,056,460	)
Contract owners’ equity at beginning of period		5,712,009			6,481,160			2,852,653			2,920,986			2,815,126			3,752,890			66,801,878			84,858,338

Contract owners’ equity at end of period	$	6,140,118			5,712,009			2,522,272			2,852,653			3,019,017			2,815,126			68,252,514			66,801,878

CHANGE IN UNITS:
Beginning units		490,089			484,760			230,698			198,614			248,915			279,905			3,923,551			4,270,226
Units purchased		58,387			99,551			4,336			48,936			83,978			106,800			789,310			1,023,192
Units redeemed		(77,184	)		(94,222	)		(52,161	)		(16,852	)		(93,292	)		(137,790	)		(1,220,151	)		(1,369,867	)

Ending units		471,292			490,089			182,873			230,698			239,601			248,915			3,492,710			3,923,551

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	MSBF						NAMAA2						NAMGI2						NCPG2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	499,868			230,834			(82,192	)		(76,386	)		(55,317	)		(57,313	)		(13,437	)		(15,471	)
Realized gain (loss) on investments		(127,496	)		53,826			(144,235	)		(25,052	)		204,174			33,446			(6,182	)		83,872
Change in unrealized gain (loss) on investments		(183,147	)		(662,256	)		689,348			(2,665,456	)		592,224			(969,363	)		96,338			(261,866	)
Reinvested capital gains		546,404			-			587,720			1,635,938			334,456			-			15,555			-

Net increase (decrease) in contract owners’ equity resulting from operations		735,629			(377,596	)		1,050,641			(1,130,956	)		1,075,537			(993,230	)		92,274			(193,465	)

Equity transactions:
Purchase payments received from contract owners (note 4)		374,684			9,356			512,209			1,407,559			30,954			398,243			30,867			120
Transfers between funds		2,255,077			618,455			71,785			(199,337	)		41,562			10,720			(53,881	)		(8,465	)
Redemptions (notes 2, 3, and 4)		(1,279,249	)		(1,089,396	)		(595,684	)		(982,118	)		(1,018,655	)		(270,606	)		(109,965	)		(58,367	)
Adjustments to maintain reserves		(65	)		(325	)		(53	)		50			(43	)		(8	)		(59	)		(5,553	)

Net equity transactions		1,350,447			(461,910	)		(11,743	)		226,154			(946,182	)		138,349			(133,038	)		(72,265	)

Net change in contract owners’ equity		2,086,076			(839,506	)		1,038,898			(904,802	)		129,355			(854,881	)		(40,764	)		(265,730	)
Contract owners’ equity at beginning of period		9,731,212			10,570,718			6,728,066			7,632,868			5,122,582			5,977,463			959,370			1,225,100

Contract owners’ equity at end of period	$	11,817,288			9,731,212			7,766,964			6,728,066			5,251,937			5,122,582			918,606			959,370

CHANGE IN UNITS:
Beginning units		861,893			902,600			507,535			487,787			326,638			318,507			78,054			83,254
Units purchased		360,731			215,481			62,983			256,304			19,285			34,956			3,297			572
Units redeemed		(250,318	)		(256,188	)		(65,129	)		(236,556	)		(73,508	)		(26,825	)		(13,882	)		(5,772	)

Ending units		972,306			861,893			505,389			507,535			272,415			326,638			67,469			78,054

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	NCPGI2						NDESY						NIFY						NJMMA2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(19,134	)		(19,775	)		(2,363	)		(641	)		1,745			452			19,219			(11,287	)
Realized gain (loss) on investments		(2,983	)		1,941			34,820			(204	)		18,840			(24	)		(10,977	)		(72,258	)
Change in unrealized gain (loss) on investments		172,895			(243,573	)		305,295			(50,079	)		312,296			(45,295	)		94,888			(120,015	)
Reinvested capital gains		-			-			-			-			-			-			-			20,669

Net increase (decrease) in contract owners’ equity resulting from operations		150,778			(261,407	)		337,752			(50,924	)		332,881			(44,867	)		103,130			(182,891	)

Equity transactions:
Purchase payments received from contract owners (note 4)		130,713			9,619			702,637			407,122			975,233			591,953			140,503			119,528
Transfers between funds		117,724			193,705			(56,275	)		14,804			28,221			6,041			113,229			677,437
Redemptions (notes 2, 3, and 4)		(430,675	)		(112,393	)		(8,374	)		(1,915	)		(99,113	)		(2,293	)		(72,091	)		(11,847	)
Adjustments to maintain reserves		(32	)		(38	)		(5	)		(1	)		-			(2	)		(14	)		(14,251	)

Net equity transactions		(182,270	)		90,893			637,983			420,010			904,341			595,699			181,627			770,867

Net change in contract owners’ equity		(31,492	)		(170,514	)		975,735			369,086			1,237,222			550,832			284,757			587,976
Contract owners’ equity at beginning of period		1,472,275			1,642,789			369,086			-			550,832			-			1,229,320			641,344

Contract owners’ equity at end of period	$	1,440,783			1,472,275			1,344,821			369,086			1,788,054			550,832			1,514,077			1,229,320

CHANGE IN UNITS:
Beginning units		128,411			121,577			47,626			-			63,297			-			137,595			59,642
Units purchased		48,433			42,626			80,285			47,867			105,308			63,574			36,118			93,536
Units redeemed		(63,134	)		(35,792	)		(25,095	)		(241	)		(14,932	)		(277	)		(16,201	)		(15,583	)

Ending units		113,710			128,411			102,816			47,626			153,673			63,297			157,512			137,595

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	NLCGY						NUSTLY						NVAMV2						NVAMVZ
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(1,437	)		4,583			(6,306	)		(741	)		2,078			(4,531	)		37,342			(80,119	)
Realized gain (loss) on investments		58,133			(445	)		60,315			(168	)		100,661			52,572			(792,206	)		721,659
Change in unrealized gain (loss) on investments		885,382			(12,986	)		726,022			(79,573	)		(90,360	)		(461,919	)		891,610			(3,852,771	)
Reinvested capital gains		-			-			-			-			121,143			334,247			621,409			1,691,707

Net increase (decrease) in contract owners’ equity resulting from operations		942,078			(8,848	)		780,031			(80,482	)		133,522			(79,631	)		758,155			(1,519,524	)

Equity transactions:
Purchase payments received from contract owners (note 4)		3,274,691			973,842			2,359,353			489,631			-			(494	)		1,297,791			623,851
Transfers between funds		32,985			523,972			148,073			277,964			(523,832	)		(140,706	)		(622,615	)		1,189,064
Redemptions (notes 2, 3, and 4)		(152,400	)		(6,729	)		(78,416	)		(2,233	)		(239,186	)		(114,601	)		(2,070,100	)		(1,321,405	)
Adjustments to maintain reserves		(2	)		(7	)		(9	)		2			4			(34	)		(149	)		(1,868	)

Net equity transactions		3,155,274			1,491,078			2,429,001			765,364			(763,014	)		(255,835	)		(1,395,073	)		489,642

Net change in contract owners’ equity		4,097,352			1,482,230			3,209,032			684,882			(629,492	)		(335,466	)		(636,918	)		(1,029,882	)
Contract owners’ equity at beginning of period		1,482,230			-			684,882			-			2,328,188			2,663,654			11,899,236			12,929,118

Contract owners’ equity at end of period	$	5,579,582			1,482,230			3,893,914			684,882			1,698,696			2,328,188			11,262,318			11,899,236

CHANGE IN UNITS:
Beginning units		160,683			-			85,781			-			131,940			146,630			780,302			826,362
Units purchased		395,217			163,013			289,701			86,228			33,708			46,718			174,642			1,278,500
Units redeemed		(106,851	)		(2,330	)		(78,669	)		(447	)		(76,040	)		(61,408	)		(268,500	)		(1,324,560	)

Ending units		449,049			160,683			296,813			85,781			89,608			131,940			686,444			780,302

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	NVBX						NVCBD2						NVCCA2						NVCCN2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	653,449			495,355			76,486			51,900			(149,959	)		(161,106	)		(139,525	)		(175,087	)
Realized gain (loss) on investments		(862,582	)		(437,336	)		(428,180	)		(222,563	)		(161,674	)		63,447			56,452			277,080
Change in unrealized gain (loss) on investments		1,767,523			(7,321,130	)		548,333			(1,013,258	)		1,013,124			(2,591,609	)		617,013			(2,213,200	)
Reinvested capital gains		-			317,147			-			6,783			777,928			500,630			208,337			232,736

Net increase (decrease) in contract owners’ equity resulting from operations		1,558,390			(6,945,964	)		196,639			(1,177,138	)		1,479,419			(2,188,638	)		742,277			(1,878,471	)

Equity transactions:
Purchase payments received from contract owners (note 4)		1,549,037			2,773,320			101,642			192,877			268,833			236,039			171,185			591,541
Transfers between funds		1,160,582			(1,766,748	)		60,767			(744,794	)		108,810			(499,677	)		106,661			(1,293,319	)
Redemptions (notes 2, 3, and 4)		(3,136,776	)		(3,013,741	)		(1,233,436	)		(148,264	)		(2,042,217	)		(981,021	)		(1,348,806	)		(2,043,765	)
Adjustments to maintain reserves		(147	)		(97	)		(55	)		(57	)		54,767			(42,521	)		(90	)		(34	)

Net equity transactions		(427,304	)		(2,007,266	)		(1,071,082	)		(700,238	)		(1,609,807	)		(1,287,180	)		(1,071,050	)		(2,745,577	)

Net change in contract owners’ equity		1,131,086			(8,953,230	)		(874,443	)		(1,877,376	)		(130,388	)		(3,475,818	)		(328,773	)		(4,624,048	)
Contract owners’ equity at beginning of period		40,439,391			49,392,621			5,691,657			7,569,033			10,945,915			14,421,733			10,771,960			15,396,008

Contract owners’ equity at end of period	$	41,570,477			40,439,391			4,817,214			5,691,657			10,815,527			10,945,915			10,443,187			10,771,960

CHANGE IN UNITS:
Beginning units		4,229,300			4,430,368			591,200			660,058			573,505			629,936			887,191			1,126,605
Units purchased		658,889			693,501			94,331			133,141			50,323			55,073			35,442			388,070
Units redeemed		(712,746	)		(894,569	)		(203,494	)		(201,999	)		(130,785	)		(111,504	)		(122,381	)		(627,484	)

Ending units		4,175,443			4,229,300			482,037			591,200			493,043			573,505			800,252			887,191

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	NVCMA2						NVCMC2						NVCMD2						NVCRA2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(87,753	)		(99,361	)		(117,417	)		(128,673	)		(223,445	)		(256,612	)		(66,722	)		(70,473	)
Realized gain (loss) on investments		506			36,198			28,137			(19,802	)		31,671			4,626			223,742			151,612
Change in unrealized gain (loss) on investments		704,962			(1,483,648	)		461,142			(1,468,841	)		1,117,351			(3,412,886	)		412,755			(1,139,283	)
Reinvested capital gains		420,051			139,795			390,130			235,151			1,021,620			517,209			305,339			21,144

Net increase (decrease) in contract owners’ equity resulting from operations		1,037,766			(1,407,016	)		761,992			(1,382,165	)		1,947,197			(3,147,663	)		875,114			(1,037,000	)

Equity transactions:
Purchase payments received from contract owners (note 4)		342,108			110,617			162,681			666,276			210,675			817,168			68,362			57,083
Transfers between funds		(182,303	)		269,687			11,272			152,350			133,503			(23,458	)		130,039			154,924
Redemptions (notes 2, 3, and 4)		(1,331,675	)		(467,594	)		(1,013,426	)		(573,146	)		(3,360,591	)		(2,608,631	)		(994,016	)		(642,859	)
Adjustments to maintain reserves		788			(1,767	)		(89	)		(32	)		(178	)		639			(75	)		6

Net equity transactions		(1,171,082	)		(89,057	)		(839,562	)		245,448			(3,016,591	)		(1,814,282	)		(795,690	)		(430,846	)

Net change in contract owners’ equity		(133,316	)		(1,496,073	)		(77,570	)		(1,136,717	)		(1,069,394	)		(4,961,945	)		79,424			(1,467,846	)
Contract owners’ equity at beginning of period		7,081,995			8,578,068			8,030,092			9,166,809			16,402,354			21,364,299			5,281,288			6,749,134

Contract owners’ equity at end of period	$	6,948,679			7,081,995			7,952,522			8,030,092			15,332,960			16,402,354			5,360,712			5,281,288

CHANGE IN UNITS:
Beginning units		351,847			357,334			560,282			548,260			961,051			1,061,546			240,727			258,061
Units purchased		23,215			34,403			13,783			91,063			30,083			69,936			13,759			27,081
Units redeemed		(77,968	)		(39,890	)		(69,601	)		(79,041	)		(198,866	)		(170,431	)		(46,666	)		(44,415	)

Ending units		297,094			351,847			504,464			560,282			792,268			961,051			207,820			240,727

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	NVCRB2						NVDBL2						NVDCA2						NVFIII
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(135,291	)		(154,303	)		(130,880	)		(146,440	)		(172,308	)		(181,438	)		86,929			38,018
Realized gain (loss) on investments		20,854			(133,924	)		(726,756	)		(71,370	)		(1,759,197	)		(387,761	)		(229,156	)		(117,778	)
Change in unrealized gain (loss) on investments		676,821			(2,133,805	)		1,973,338			(4,206,431	)		3,908,372			(7,684,399	)		378,048			(929,463	)
Reinvested capital gains		569,335			389,001			-			2,355,998			13,552			5,037,768			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		1,131,719			(2,033,031	)		1,115,702			(2,068,243	)		1,990,419			(3,215,830	)		235,821			(1,009,223	)

Equity transactions:
Purchase payments received from contract owners (note 4)		249,523			360,343			207,151			1,068,842			164,384			1,593,479			1,260,996			865,639
Transfers between funds		1,401,568			63,756			(817,305	)		212,463			(94,638	)		(455,637	)		(84,381	)		(148,004	)
Redemptions (notes 2, 3, and 4)		(1,618,250	)		(1,751,364	)		(1,481,280	)		(1,201,335	)		(2,014,258	)		(1,137,915	)		(295,307	)		(436,774	)
Adjustments to maintain reserves		(147	)		(5	)		(107	)		40			46,737			(20,993	)		(48	)		(7	)

Net equity transactions		32,694			(1,327,270	)		(2,091,541	)		80,010			(1,897,775	)		(21,066	)		881,260			280,854

Net change in contract owners’ equity		1,164,413			(3,360,301	)		(975,839	)		(1,988,233	)		92,644			(3,236,896	)		1,117,081			(728,369	)
Contract owners’ equity at beginning of period		9,887,623			13,247,924			10,651,261			12,639,494			14,561,778			17,798,674			6,087,243			6,815,612

Contract owners’ equity at end of period	$	11,052,036			9,887,623			9,675,422			10,651,261			14,654,422			14,561,778			7,204,324			6,087,243

CHANGE IN UNITS:
Beginning units		626,578			718,252			882,984			881,154			1,064,670			1,058,937			665,226			634,749
Units purchased		160,442			54,661			43,030			119,408			15,515			210,637			348,692			204,634
Units redeemed		(156,988	)		(146,335	)		(207,424	)		(117,578	)		(148,632	)		(204,904	)		(257,834	)		(174,157	)

Ending units		630,032			626,578			718,590			882,984			931,553			1,064,670			756,084			665,226

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	NVGEII						NVIE6						NVIX						NVLCPP
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	4,036			5,376			38,255			61,505			619,849			1,374,030			545,512			301,745
Realized gain (loss) on investments		52,726			1,966			(18,501	)		(5,583	)		(112,880	)		(407,059	)		(773,350	)		(1,247,063	)
Change in unrealized gain (loss) on investments		176,220			(153,987	)		442,444			(922,046	)		6,801,073			(9,766,562	)		1,619,025			(4,372,960	)
Reinvested capital gains		-			2			-			346,037			-			-			-			315,138

Net increase (decrease) in contract owners’ equity resulting from operations		232,982			(146,643	)		462,198			(520,087	)		7,308,042			(8,799,591	)		1,391,187			(5,003,140	)

Equity transactions:
Purchase payments received from contract owners (note 4)		335,352			285,053			209,341			47,483			1,651,449			2,657,323			294,141			978,533
Transfers between funds		(49,954	)		(2,836	)		(61,195	)		(609,487	)		(1,482,782	)		680,274			887,075			(6,136,680	)
Redemptions (notes 2, 3, and 4)		(223,199	)		(23,859	)		(188,093	)		(238,824	)		(8,379,900	)		(2,833,113	)		(2,361,331	)		(3,102,034	)
Adjustments to maintain reserves		(16	)		(39,163	)		(29	)		354			387			(1,618	)		(179	)		(141	)

Net equity transactions		62,183			219,195			(39,976	)		(800,474	)		(8,210,846	)		502,866			(1,180,294	)		(8,260,322	)

Net change in contract owners’ equity		295,165			72,552			422,222			(1,320,561	)		(902,804	)		(8,296,725	)		210,893			(13,263,462	)
Contract owners’ equity at beginning of period		1,120,048			1,047,496			2,265,446			3,586,007			48,330,358			56,627,083			24,171,482			37,434,944

Contract owners’ equity at end of period	$	1,415,213			1,120,048			2,687,668			2,265,446			47,427,554			48,330,358			24,382,375			24,171,482

CHANGE IN UNITS:
Beginning units		91,131			70,589			198,918			266,869			4,049,635			4,022,365			2,859,974			3,782,136
Units purchased		54,067			53,896			36,860			38,493			355,689			661,835			511,010			536,779
Units redeemed		(48,499	)		(33,354	)		(39,212	)		(106,444	)		(990,314	)		(634,565	)		(651,744	)		(1,458,941	)

Ending units		96,699			91,131			196,566			198,918			3,415,010			4,049,635			2,719,240			2,859,974

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	NVLCPY						NVMGA2						NVMIG6						NVMIVZ
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	1,215			1,359			(31,157	)		(30,200	)		14,220			(115,383	)		46,424			99,633
Realized gain (loss) on investments		(1,071	)		(9,320	)		(1,702	)		(4,279	)		(902,006	)		(632,838	)		132,567			217,595
Change in unrealized gain (loss) on investments		2,899			(2,907	)		320,831			(443,534	)		1,971,764			(5,276,165	)		317,209			(769,309	)
Reinvested capital gains		-			676			-			-			-			373,602			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		3,043			(10,192	)		287,972			(478,013	)		1,083,978			(5,650,784	)		496,200			(452,081	)

Equity transactions:
Purchase payments received from contract owners (note 4)		(201	)		21,883			336,140			91,711			82,127			176,466			431,611			261,007
Transfers between funds		(19,198	)		984			145,124			104,749			(371,493	)		(1,739,013	)		(284,669	)		(221,802	)
Redemptions (notes 2, 3, and 4)		(447	)		(20,775	)		(169,769	)		(126,343	)		(639,218	)		(890,369	)		(643,901	)		(488,577	)
Adjustments to maintain reserves		(5	)		(150	)		(37	)		(53	)		(131	)		(2,051	)		(109	)		(3	)

Net equity transactions		(19,851	)		1,942			311,458			70,064			(928,715	)		(2,454,967	)		(497,068	)		(449,375	)

Net change in contract owners’ equity		(16,808	)		(8,250	)		599,430			(407,949	)		155,263			(8,105,751	)		(868	)		(901,456	)
Contract owners’ equity at beginning of period		53,924			62,174			2,611,205			3,019,154			8,180,606			16,286,357			4,045,406			4,946,862

Contract owners’ equity at end of period	$	37,116			53,924			3,210,635			2,611,205			8,335,869			8,180,606			4,044,538			4,045,406

CHANGE IN UNITS:
Beginning units		6,243			6,209			232,679			226,421			548,922			668,747			340,994			386,705
Units purchased		329			2,397			52,431			33,836			30,954			119,748			133,812			129,251
Units redeemed		(2,565	)		(2,363	)		(26,657	)		(27,578	)		(89,691	)		(239,573	)		(175,883	)		(174,962	)

Ending units		4,007			6,243			258,453			232,679			490,185			548,922			298,923			340,994

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	NVMLG2						NVMM2						NVMMG1						NVMMG2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	504,971			377,561			5,416,532			(124,388	)		(1,869	)		(1,948	)		(111,009	)		(122,959	)
Realized gain (loss) on investments		19,430			(3,248,393	)		-			-			(15,787	)		(116,783	)		(3,997,168	)		(6,950,606	)
Change in unrealized gain (loss) on investments		2,861,674			(2,838,379	)		-			-			70,204			(59,270	)		5,728,455			(2,174,752	)
Reinvested capital gains		643,937			2,126,069			18			3,946			-			86,882			-			3,308,302

Net increase (decrease) in contract owners’ equity resulting from operations		4,030,012			(3,583,142	)		5,416,550			(120,442	)		52,548			(91,119	)		1,620,278			(5,940,015	)

Equity transactions:
Purchase payments received from contract owners (note 4)		2,068,177			947,411			34,882,039			40,289,684			7,693			71,929			227,555			310,999
Transfers between funds		2,901,629			3,071,354			(4,263,435	)		107,367,970			(22,253	)		35,071			(786,787	)		(1,009,472	)
Redemptions (notes 2, 3, and 4)		(1,763,166	)		(1,658,581	)		(69,118,418	)		(69,913,508	)		(48,694	)		(18,451	)		(980,308	)		(1,068,987	)
Adjustments to maintain reserves		(67	)		41			6,715			(5,894	)		(32	)		(42,389	)		(153	)		(1,923	)

Net equity transactions		3,206,573			2,360,225			(38,493,099	)		77,738,252			(63,286	)		46,160			(1,539,693	)		(1,769,383	)

Net change in contract owners’ equity		7,236,585			(1,222,917	)		(33,076,549	)		77,617,810			(10,738	)		(44,959	)		80,585			(7,709,398	)
Contract owners’ equity at beginning of period		9,955,639			11,178,556			209,832,539			132,214,729			278,626			323,585			8,781,559			16,490,957

Contract owners’ equity at end of period	$	17,192,224			9,955,639			176,755,990			209,832,539			267,888			278,626			8,862,144			8,781,559

CHANGE IN UNITS:
Beginning units		237,306			231,801			23,879,495			15,041,414			31,433			19,427			354,984			409,517
Units purchased		436,472			671,247			41,232,500			66,216,517			4,023			16,386			184,637			236,020
Units redeemed		(368,687	)		(665,742	)		(45,708,624	)		(57,378,436	)		(11,858	)		(4,380	)		(238,188	)		(290,553	)

Ending units		305,091			237,306			19,403,371			23,879,495			23,598			31,433			301,433			354,984

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	NVMMV2						NVNMO1						NVNMO2						NVNSR2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	8,832			773			(715	)		(44	)		(26,741	)		(35,279	)		(9,781	)		(7,795	)
Realized gain (loss) on investments		125,580			930,024			2,339			(43,238	)		81,261			102,208			(6,352	)		(49,808	)
Change in unrealized gain (loss) on investments		(696,016	)		(1,866,989	)		30,130			(54,724	)		379,083			(1,440,600	)		100,698			(402,783	)
Reinvested capital gains		1,007,405			571,980			1			39,641			265,877			468,741			149,331			99,264

Net increase (decrease) in contract owners’ equity resulting from operations		445,801			(364,212	)		31,755			(58,365	)		699,480			(904,930	)		233,896			(361,122	)

Equity transactions:
Purchase payments received from contract owners (note 4)		490,502			377,172			22,507			63,705			46,601			118,319			750			131,464
Transfers between funds		(464,620	)		(310,571	)		(344,232	)		(13,903	)		275,745			(659,234	)		698			(121,928	)
Redemptions (notes 2, 3, and 4)		(1,027,797	)		(1,291,077	)		(6,692	)		(124,651	)		(505,371	)		(97,148	)		(97,513	)		(263,712	)
Adjustments to maintain reserves		(192	)		880			(3	)		(13,870	)		(75	)		(2	)		(24	)		(53,326	)

Net equity transactions		(1,002,107	)		(1,223,596	)		(328,420	)		(88,719	)		(183,100	)		(638,065	)		(96,089	)		(307,502	)

Net change in contract owners’ equity		(556,306	)		(1,587,808	)		(296,665	)		(147,084	)		516,380			(1,542,995	)		137,807			(668,624	)
Contract owners’ equity at beginning of period		7,291,684			8,879,492			296,665			443,749			3,357,278			4,900,273			1,259,364			1,927,988

Contract owners’ equity at end of period	$	6,735,378			7,291,684			-			296,665			3,873,658			3,357,278			1,397,171			1,259,364

CHANGE IN UNITS:
Beginning units		264,013			308,248			26,416			32,657			181,232			216,559			81,620			95,217
Units purchased		41,500			107,774			3,202			6,863			43,518			34,147			6,695			25,205
Units redeemed		(78,564	)		(152,009	)		(29,618	)		(13,104	)		(52,559	)		(69,474	)		(12,660	)		(38,802	)

Ending units		226,949			264,013			-			26,416			172,191			181,232			75,655			81,620

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	NVOLG2						NVRE2						NVSIX2						NVSTB2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(2,626	)		(85,760	)		50,837			(7,255	)		(2,573	)		(124,810	)		319,160			107,714
Realized gain (loss) on investments		811,650			652,806			(730,244	)		392,288			(84,605	)		(528,149	)		(106,634	)		(991,543	)
Change in unrealized gain (loss) on investments		2,297,729			(6,015,219	)		1,233,626			(4,315,314	)		5,184,795			(15,293,016	)		449,404			(181,590	)
Reinvested capital gains		-			1,011,526			142,760			628,425			241,217			5,277,418			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		3,106,753			(4,436,647	)		696,979			(3,301,856	)		5,338,834			(10,668,557	)		661,930			(1,065,419	)

Equity transactions:
Purchase payments received from contract owners (note 4)		730,679			703,541			156,453			653,405			1,795,176			2,543,072			583,801			2,727,768
Transfers between funds		(364,331	)		(582,346	)		(461,696	)		(1,662,944	)		304,605			429,539			(380,694	)		2,253,215
Redemptions (notes 2, 3, and 4)		(1,330,838	)		(935,664	)		(510,130	)		(982,744	)		(5,248,189	)		(2,928,973	)		(3,919,052	)		(2,606,157	)
Adjustments to maintain reserves		(177	)		409			(155	)		1,288			(245	)		15,901			(119	)		530

Net equity transactions		(964,667	)		(814,060	)		(815,528	)		(1,990,995	)		(3,148,653	)		59,539			(3,716,064	)		2,375,356

Net change in contract owners’ equity		2,142,086			(5,250,707	)		(118,549	)		(5,292,851	)		2,190,181			(10,609,018	)		(3,054,134	)		1,309,937
Contract owners’ equity at beginning of period		13,867,822			19,118,529			6,664,710			11,957,561			37,937,760			48,546,778			17,025,354			15,715,417

Contract owners’ equity at end of period	$	16,009,908			13,867,822			6,546,161			6,664,710			40,127,941			37,937,760			13,971,220			17,025,354

CHANGE IN UNITS:
Beginning units		719,998			763,239			471,469			596,361			2,584,907			2,593,518			1,798,484			1,535,194
Units purchased		292,272			225,419			140,139			165,438			422,406			667,700			309,464			1,017,694
Units redeemed		(330,931	)		(268,660	)		(195,997	)		(290,330	)		(627,299	)		(676,311	)		(698,888	)		(754,404	)

Ending units		681,339			719,998			415,611			471,469			2,380,014			2,584,907			1,409,060			1,798,484

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	NVTIV3						SAM						SCF						SCF2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	6,422			11,317			1,061			(157	)		(46,448	)		(64,049	)		(45,178	)		(43,120	)
Realized gain (loss) on investments		1,776			82,803			-			-			39,275			410,833			(1,321,917	)		(571,261	)
Change in unrealized gain (loss) on investments		54,626			(119,594	)		-			-			536,432			(3,267,532	)		2,256,828			(2,184,496	)
Reinvested capital gains		-			-			-			1			29,482			1,330,123			35,641			1,481,404

Net increase (decrease) in contract owners’ equity resulting from operations		62,824			(25,474	)		1,061			(156	)		558,741			(1,590,625	)		925,374			(1,317,473	)

Equity transactions:
Purchase payments received from contract owners (note 4)		-			(1	)		-			-			36,258			56,921			395,821			483,586
Transfers between funds		-			(26,547	)		-			60,639			(5,277	)		(271,972	)		(1,186,716	)		964,418
Redemptions (notes 2, 3, and 4)		(22,593	)		(98,389	)		(15	)		(60,506	)		(813,548	)		(876,666	)		(458,726	)		(168,340	)
Adjustments to maintain reserves		(34	)		(14,471	)		3			-			(100	)		7,571			(79	)		325

Net equity transactions		(22,627	)		(139,408	)		(12	)		133			(782,667	)		(1,084,146	)		(1,249,700	)		1,279,989

Net change in contract owners’ equity		40,197			(164,882	)		1,049			(23	)		(223,926	)		(2,674,771	)		(324,326	)		(37,484	)
Contract owners’ equity at beginning of period		451,174			616,056			31,287			31,310			5,462,677			8,137,448			6,078,464			6,115,948

Contract owners’ equity at end of period	$	491,371			451,174			32,336			31,287			5,238,751			5,462,677			5,754,138			6,078,464

CHANGE IN UNITS:
Beginning units		42,677			54,229			3,509			3,511			298,547			356,480			366,316			294,839
Units purchased		-			1,767			-			6,823			30,949			59,235			238,143			274,156
Units redeemed		(1,988	)		(13,319	)		(1	)		(6,825	)		(75,076	)		(117,168	)		(296,995	)		(202,679	)

Ending units		40,689			42,677			3,508			3,509			254,420			298,547			307,464			366,316

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	SCGF						SCGF2						SCVF						SCVF2
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(45,393	)		(54,550	)		(45,963	)		(47,358	)		(25,103	)		(31,326	)		(27,363	)		(31,380	)
Realized gain (loss) on investments		(242,891	)		(172,180	)		(1,070,721	)		(1,247,481	)		(89,297	)		282,254			(519,813	)		14,936
Change in unrealized gain (loss) on investments		732,503			(2,000,292	)		1,873,445			(1,160,707	)		343,670			(1,141,100	)		708,960			(895,418	)
Reinvested capital gains		-			564,401			-			685,840			106,909			426,685			136,585			453,739

Net increase (decrease) in contract owners’ equity resulting from operations		444,219			(1,662,621	)		756,761			(1,769,706	)		336,179			(463,487	)		298,369			(458,123	)

Equity transactions:
Purchase payments received from contract owners (note 4)		30,295			34,905			399,509			156,287			45,118			38,692			119,277			273,226
Transfers between funds		171,027			(287,705	)		324,692			(1,275,409	)		(203,817	)		(89,475	)		278,134			(724,717	)
Redemptions (notes 2, 3, and 4)		(375,170	)		(665,387	)		(402,697	)		(271,579	)		(489,219	)		(228,125	)		(315,177	)		(192,300	)
Adjustments to maintain reserves		(97	)		71			(96	)		(1,705	)		(72	)		(127	)		(21	)		385

Net equity transactions		(173,945	)		(918,116	)		321,408			(1,392,406	)		(647,990	)		(279,035	)		82,213			(643,406	)

Net change in contract owners’ equity		270,274			(2,580,737	)		1,078,169			(3,162,112	)		(311,811	)		(742,522	)		380,582			(1,101,529	)
Contract owners’ equity at beginning of period		2,900,477			5,481,214			3,487,889			6,650,001			2,649,258			3,391,780			2,434,277			3,535,806

Contract owners’ equity at end of period	$	3,170,751			2,900,477			4,566,058			3,487,889			2,337,447			2,649,258			2,814,859			2,434,277

CHANGE IN UNITS:
Beginning units		161,207			207,812			234,858			307,642			179,309			197,125			178,234			222,320
Units purchased		26,985			30,825			704,186			138,445			15,043			32,514			155,160			115,771
Units redeemed		(36,226	)		(77,430	)		(673,139	)		(211,229	)		(57,901	)		(50,330	)		(155,720	)		(159,857	)

Ending units		151,966			161,207			265,905			234,858			136,451			179,309			177,674			178,234

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	TRF						TRF2						AMSRS						NBARMS
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(88	)		(5,735	)		1,947			(4,584	)		(15	)		(17	)		(14,459	)		(12,796	)
Realized gain (loss) on investments		5,351			49,229			(2,049	)		37,172			(1,930	)		(3,566	)		(24,525	)		12,104
Change in unrealized gain (loss) on investments		(60,650	)		(401,108	)		(108,776	)		(578,215	)		3,082			(4,153	)		187,870			(327,990	)
Reinvested capital gains		159,016			155,613			330,568			289,019			-			1,328			-			179,878

Net increase (decrease) in contract owners’ equity resulting from operations		103,629			(202,001	)		221,690			(256,608	)		1,137			(6,408	)		148,886			(148,804	)

Equity transactions:
Purchase payments received from contract owners (note 4)		811			72			389,743			200,980			6,902			7,501			1,975			4,694
Transfers between funds		151,363			(332,257	)		454,337			611,441			(20,543	)		(21,994	)		(130,089	)		(3,212	)
Redemptions (notes 2, 3, and 4)		(39,941	)		(130,251	)		(215,286	)		(140,217	)		(700	)		(272	)		(74,909	)		(42,445	)
Adjustments to maintain reserves		(38	)		(29	)		(34	)		15,379			(2	)		(3	)		(27	)		149

Net equity transactions		112,195			(462,465	)		628,760			687,583			(14,343	)		(14,768	)		(203,050	)		(40,814	)

Net change in contract owners’ equity		215,824			(664,466	)		850,450			430,975			(13,206	)		(21,176	)		(54,164	)		(189,618	)
Contract owners’ equity at beginning of period		1,462,464			2,126,930			2,767,265			2,336,290			13,206			34,382			1,156,041			1,345,659

Contract owners’ equity at end of period	$	1,678,288			1,462,464			3,617,715			2,767,265			-			13,206			1,101,877			1,156,041

CHANGE IN UNITS:
Beginning units		69,955			91,888			149,986			114,266			1,565			3,311			103,717			105,301
Units purchased		14,178			3,225			58,412			73,028			1,498			855			15,131			28,764
Units redeemed		(8,939	)		(25,158	)		(24,711	)		(37,308	)		(3,063	)		(2,601	)		(31,664	)		(30,348	)

Ending units		75,194			69,955			183,687			149,986			-			1,565			87,184			103,717

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	NOTBBA						PSHYBI					PSTRBI						PMUBA
	2023			2022			2023			2022		2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	51,471			39,952			(181	)		-		(1,945	)		-			89,051			59,636
Realized gain (loss) on investments		(170,915	)		(1,288,448	)		52			-		159			-			(284,552	)		(57,847	)
Change in unrealized gain (loss) on investments		125,542			(326,426	)		8,481			-		47,753			-			398,425			(785,843	)
Reinvested capital gains		-			-			-			-		-			-			-			447,133

Net increase (decrease) in contract owners’ equity resulting from operations		6,098			(1,574,922	)		8,352			-		45,967			-			202,924			(336,921	)

Equity transactions:
Purchase payments received from contract owners (note 4)		31,228			35,483			116,038			-		165,016			461,246			153,063			103,436
Transfers between funds		(513,343	)		(2,093,826	)		14,217			-		122,743			-			(105,726	)		199,416
Redemptions (notes 2, 3, and 4)		(778,674	)		(1,640,526	)		(572	)		-		(6,545	)		-			(927,325	)		(374,372	)
Adjustments to maintain reserves		(85	)		(12,061	)		(2	)		-		(3	)		(1	)		(93	)		(110	)

Net equity transactions		(1,260,874	)		(3,710,930	)		129,681			-		281,211			461,245			(880,081	)		(71,630	)

Net change in contract owners’ equity		(1,254,776	)		(5,285,852	)		138,033			-		327,178			461,245			(677,157	)		(408,551	)
Contract owners’ equity at beginning of period		7,821,376			13,107,228			-			-		461,245			-			4,114,941			4,523,492

Contract owners’ equity at end of period	$	6,566,600			7,821,376			138,033			-		788,423			461,245			3,437,784			4,114,941

CHANGE IN UNITS:
Beginning units		936,216			1,355,517			-			-		44,694			-			397,200			404,525
Units purchased		35,783			353,420			12,305			-		27,662			89,392			43,136			53,304
Units redeemed		(196,862	)		(772,721	)		(78	)		-		(910	)		(44,698	)		(126,989	)		(60,629	)

Ending units		775,137			936,216			12,227			-		71,446			44,694			313,347			397,200

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PMVAAD						PMVEBD						PMVFAD						PMVFHI
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	60,514			293,624			189,819			162,161			24,418			6,547			32,956			12,005
Realized gain (loss) on investments		(198,507	)		(31,654	)		(211,088	)		(132,761	)		(169,560	)		(119,539	)		(24,475	)		(25,398	)
Change in unrealized gain (loss) on investments		419,401			(1,345,324	)		413,992			(950,806	)		233,421			(433,826	)		75,434			(79,462	)
Reinvested capital gains		-			380,154			-			-			-			-			38,469			366

Net increase (decrease) in contract owners’ equity resulting from operations		281,408			(703,200	)		392,723			(921,406	)		88,279			(546,818	)		122,384			(92,489	)

Equity transactions:
Purchase payments received from contract owners (note 4)		196,014			327,606			18,386			124,620			44,928			185,454			711,658			629,475
Transfers between funds		(544,354	)		(54,782	)		(72,871	)		(146,866	)		61,666			(257,908	)		38,740			(73,097	)
Redemptions (notes 2, 3, and 4)		(434,040	)		(452,561	)		(371,839	)		(411,296	)		(307,858	)		(207,767	)		(92,257	)		(118,306	)
Adjustments to maintain reserves		(63	)		63			(104	)		80			(67	)		160			(16	)		25

Net equity transactions		(782,443	)		(179,674	)		(426,428	)		(433,462	)		(201,331	)		(280,061	)		658,125			438,097

Net change in contract owners’ equity		(501,035	)		(882,874	)		(33,705	)		(1,354,868	)		(113,052	)		(826,879	)		780,509			345,608
Contract owners’ equity at beginning of period		4,573,180			5,456,054			4,348,789			5,703,657			2,051,427			2,878,306			958,625			613,017

Contract owners’ equity at end of period	$	4,072,145			4,573,180			4,315,084			4,348,789			1,938,375			2,051,427			1,739,134			958,625

CHANGE IN UNITS:
Beginning units		360,545			374,398			346,359			377,599			226,407			252,777			107,986			61,917
Units purchased		29,374			37,937			43,660			51,724			29,269			58,081			112,900			69,341
Units redeemed		(90,365	)		(51,790	)		(77,300	)		(82,964	)		(52,309	)		(84,451	)		(40,869	)		(23,272	)

Ending units		299,554			360,545			312,719			346,359			203,367			226,407			180,017			107,986

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PMVFHV						PMVGBD						PMVHYD						PMVHYI
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	51,339			12,920			11,828			(1,493	)		282,666			173,353			19,704			46,861
Realized gain (loss) on investments		(93,634	)		(119,451	)		(74,664	)		(58,798	)		(650,567	)		(516,379	)		(106,427	)		(56,176	)
Change in unrealized gain (loss) on investments		205,053			(377,246	)		98,657			(247,849	)		556,262			(335,326	)		114,527			(108,537	)
Reinvested capital gains		98,256			1,551			19,005			28,531			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		261,014			(482,226	)		54,826			(279,609	)		188,361			(678,352	)		27,804			(117,852	)

Equity transactions:
Purchase payments received from contract owners (note 4)		92,322			470,584			34,651			130,381			34,727			4,420			62,394			367,056
Transfers between funds		(239,012	)		(89,181	)		(2,312	)		52,024			(53,948	)		1,217,270			(890,404	)		(298,583	)
Redemptions (notes 2, 3, and 4)		(94,793	)		(613,163	)		(243,179	)		(332,728	)		(474,808	)		(415,851	)		(37,565	)		(148,210	)
Adjustments to maintain reserves		(66	)		13			(79	)		(57	)		1,225			(56	)		2			1

Net equity transactions		(241,549	)		(231,747	)		(210,919	)		(150,380	)		(492,804	)		805,783			(865,573	)		(79,736	)

Net change in contract owners’ equity		19,465			(713,973	)		(156,093	)		(429,989	)		(304,443	)		127,431			(837,769	)		(197,588	)
Contract owners’ equity at beginning of period		3,511,050			4,225,023			1,786,765			2,216,754			5,403,301			5,275,870			837,769			1,035,357

Contract owners’ equity at end of period	$	3,530,515			3,511,050			1,630,672			1,786,765			5,098,858			5,403,301			-			837,769

CHANGE IN UNITS:
Beginning units		361,890			386,668			177,746			193,570			365,517			317,292			88,684			98,111
Units purchased		18,493			114,604			7,976			32,699			1,351,933			306,617			7,128			37,499
Units redeemed		(43,005	)		(139,382	)		(28,992	)		(48,523	)		(1,405,958	)		(258,392	)		(95,812	)		(46,926	)

Ending units		337,378			361,890			156,730			177,746			311,492			365,517			-			88,684

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PMVII						PMVIV						PMVLAD						PMVLDI
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	203,737			82,852			739,105			452,176			229,402			3,946			48,242			15,829
Realized gain (loss) on investments		(129,272	)		(61,289	)		(640,155	)		(139,433	)		(570,511	)		(619,477	)		(25,706	)		(29,030	)
Change in unrealized gain (loss) on investments		241,997			(193,882	)		1,075,337			(2,001,714	)		690,867			(434,203	)		40,662			(50,275	)
Reinvested capital gains		-			189			-			1,451			-			-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		316,462			(172,130	)		1,174,287			(1,687,520	)		349,758			(1,049,734	)		63,198			(63,476	)

Equity transactions:
Purchase payments received from contract owners (note 4)		2,878,318			1,516,945			1,840,808			1,427,995			15,811			180,551			48,081			892,081
Transfers between funds		(461,719	)		(183,593	)		686,521			1,296,771			2,694,179			926,882			225,884			16,530
Redemptions (notes 2, 3, and 4)		(334,230	)		(333,969	)		(5,230,781	)		(1,486,239	)		(2,239,117	)		(2,941,802	)		(101,358	)		(298,004	)
Adjustments to maintain reserves		(11	)		10			(114	)		(12	)		(77	)		(168	)		(5	)		(19	)

Net equity transactions		2,082,358			999,393			(2,703,566	)		1,238,515			470,796			(1,834,537	)		172,602			610,588

Net change in contract owners’ equity		2,398,820			827,263			(1,529,279	)		(449,005	)		820,554			(2,884,271	)		235,800			547,112
Contract owners’ equity at beginning of period		2,765,781			1,938,518			18,239,878			18,688,883			11,257,591			14,141,862			1,224,009			676,897

Contract owners’ equity at end of period	$	5,164,601			2,765,781			16,710,599			18,239,878			12,078,145			11,257,591			1,459,809			1,224,009

CHANGE IN UNITS:
Beginning units		288,301			185,959			1,711,861			1,594,554			1,235,500			1,438,705			131,229			68,289
Units purchased		455,546			162,977			452,757			728,893			1,099,192			809,977			51,648			159,055
Units redeemed		(245,735	)		(60,635	)		(692,301	)		(611,586	)		(1,029,237	)		(1,013,182	)		(33,541	)		(96,115	)

Ending units		498,112			288,301			1,472,317			1,711,861			1,305,455			1,235,500			149,336			131,229

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PMVRI						PMVRSD						PMVRSI						PMVSTA
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	29,501			57,713			1,007,096			2,141,093			104,549			129,933			432,716			66,268
Realized gain (loss) on investments		(46,118	)		(32,053	)		(1,568,501	)		737,378			(61,805	)		19,158			(82,238	)		(228,828	)
Change in unrealized gain (loss) on investments		47,772			(134,566	)		(122,747	)		(2,908,522	)		(96,570	)		(127,688	)		245,698			(31,515	)
Reinvested capital gains		-			-			-			-			-			-			-			24,412

Net increase (decrease) in contract owners’ equity resulting from operations		31,155			(108,906	)		(684,152	)		(30,051	)		(53,826	)		21,403			596,176			(169,663	)

Equity transactions:
Purchase payments received from contract owners (note 4)		410,821			285,789			227,239			741,277			187,905			386,371			842,961			6,333,081
Transfers between funds		66,779			(93,988	)		(1,061,329	)		2,541,876			100,573			(112,291	)		267,629			(4,627,076	)
Redemptions (notes 2, 3, and 4)		(170,429	)		(115,701	)		(521,693	)		(802,727	)		(114,320	)		(126,210	)		(962,981	)		(699,399	)
Adjustments to maintain reserves		(2	)		27			(1,392,074	)		541,660			5			762			(62	)		(938	)

Net equity transactions		307,169			76,127			(2,747,857	)		3,022,086			174,163			148,632			147,547			1,005,668

Net change in contract owners’ equity		338,324			(32,779	)		(3,432,009	)		2,992,035			120,337			170,035			743,723			836,005
Contract owners’ equity at beginning of period		785,092			817,871			7,937,486			4,945,451			612,263			442,228			13,833,140			12,997,135

Contract owners’ equity at end of period	$	1,123,416			785,092			4,505,477			7,937,486			732,600			612,263			14,576,863			13,833,140

CHANGE IN UNITS:
Beginning units		82,428			75,509			707,438			622,029			38,731			30,330			1,357,927			1,257,369
Units purchased		57,242			36,239			162,913			1,065,809			22,636			36,541			503,205			1,407,834
Units redeemed		(25,694	)		(29,320	)		(289,612	)		(980,400	)		(10,961	)		(28,140	)		(491,387	)		(1,307,276	)

Ending units		113,976			82,428			580,739			707,438			50,406			38,731			1,369,745			1,357,927

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PMVSTI						PMVTRI						PNVCA1						PNVCB1
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	56,949			17,954			71,927			42,807			422			151			22,691			1,198
Realized gain (loss) on investments		(9,428	)		(7,863	)		(60,322	)		(77,439	)		(660	)		(340	)		(4,396	)		(1,295	)
Change in unrealized gain (loss) on investments		25,476			(11,247	)		122,901			(240,542	)		6,938			(2,780	)		17,806			(3,236	)
Reinvested capital gains		-			2,199			-			-			4,635			2,952			-			497

Net increase (decrease) in contract owners’ equity resulting from operations		72,997			1,043			134,506			(275,174	)		11,335			(17	)		36,101			(2,836	)

Equity transactions:
Purchase payments received from contract owners (note 4)		772,339			851,626			816,841			1,204,945			84,574			23,913			768,964			96,999
Transfers between funds		(221,662	)		(69,688	)		161,896			(58,597	)		31,294			(1,253	)		79,506			(5,298	)
Redemptions (notes 2, 3, and 4)		(199,364	)		(203,999	)		(223,308	)		(431,233	)		(18,614	)		(164	)		(46,596	)		(630	)
Adjustments to maintain reserves		(13	)		-			4			10			3			(2	)		-			30

Net equity transactions		351,300			577,939			755,433			715,125			97,257			22,494			801,874			91,101

Net change in contract owners’ equity		424,297			578,982			889,939			439,951			108,592			22,477			837,975			88,265
Contract owners’ equity at beginning of period		1,368,074			789,092			1,813,798			1,373,847			22,477			-			88,265			-

Contract owners’ equity at end of period	$	1,792,371			1,368,074			2,703,737			1,813,798			131,069			22,477			926,240			88,265

CHANGE IN UNITS:
Beginning units		137,405			78,986			212,873			137,885			2,558			-			10,087			-
Units purchased		103,585			130,946			135,567			156,295			11,395			2,732			125,506			10,815
Units redeemed		(70,668	)		(72,527	)		(48,348	)		(81,307	)		(1,993	)		(174	)		(34,787	)		(728	)

Ending units		170,322			137,405			300,092			212,873			11,960			2,558			100,806			10,087

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PNVDI1						PNVMC1						PNVSC1					PNVST1
	2023			2022			2023			2022			2023			2022		2023			2022
*Investment activity:**
Net investment income (loss)	$	1,077			1,046			(1,449	)		(255	)		(2	)		-		424			93
Realized gain (loss) on investments		(2,035	)		(2,408	)		(3,309	)		(31,406	)		44			-		(31	)		(212	)
Change in unrealized gain (loss) on investments		14,973			(5,455	)		102,215			(37,118	)		4,336			4		2,095			(116	)
Reinvested capital gains		-			4,046			12,240			21,710			-			-		-			15

Net increase (decrease) in contract owners’ equity resulting from operations		14,015			(2,771	)		109,697			(47,069	)		4,378			4		2,488			(220	)

Equity transactions:
Purchase payments received from contract owners (note 4)		114,906			50,434			373,344			104,701			26,487			5,000		69,640			3,875
Transfers between funds		(23,221	)		(4,231	)		26,391			(2,589	)		374			-		1,499			8,866
Redemptions (notes 2, 3, and 4)		(17,414	)		(1,201	)		(63,528	)		(2,304	)		(227	)		-		(4,158	)		(137	)
Adjustments to maintain reserves		(2	)		157			(4	)		311			(5	)		3		1			(6	)

Net equity transactions		74,269			45,159			336,203			100,119			26,629			5,003		66,982			12,598

Net change in contract owners’ equity		88,284			42,388			445,900			53,050			31,007			5,007		69,470			12,378
Contract owners’ equity at beginning of period		42,388			-			201,142			148,092			5,007			-		12,378			-

Contract owners’ equity at end of period	$	130,672			42,388			647,042			201,142			36,014			5,007		81,848			12,378

CHANGE IN UNITS:
Beginning units		5,113			-			20,398			11,527			582			-		1,281			-
Units purchased		12,986			6,066			47,344			10,394			3,099			582		7,221			2,409
Units redeemed		(4,631	)		(953	)		(15,528	)		(1,523	)		(45	)		-		(453	)		(1,128	)

Ending units		13,468			5,113			52,214			20,398			3,636			582		8,049			1,281

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PROA30						PROAHY						PROBIO						PROBL
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(7,280	)		(5,652	)		104,692			68,747			(45,192	)		(55,083	)		(58,693	)		(42,977	)
Realized gain (loss) on investments		4,815			(381,510	)		(44,371	)		(713,390	)		(585,967	)		(1,084,972	)		(256,399	)		(806,242	)
Change in unrealized gain (loss) on investments		23,077			(13,904	)		123,266			(25,980	)		459,054			(43,319	)		480,815			(172,970	)
Reinvested capital gains		29,087			131,521			-			-			447,216			675,997			571,559			335,828

Net increase (decrease) in contract owners’ equity resulting from operations		49,699			(269,545	)		183,587			(670,623	)		275,111			(507,377	)		737,282			(686,361	)

Equity transactions:
Purchase payments received from contract owners (note 4)		6,171			(25,841	)		1,300			14,129			16,416			21,954			5,135			14,407
Transfers between funds		(268,592	)		(323,096	)		118,333			(1,356,335	)		(344,183	)		(468,859	)		(2,257,472	)		2,288,490
Redemptions (notes 2, 3, and 4)		(103,155	)		(13,171	)		(382,797	)		(642,324	)		(424,086	)		(462,179	)		(191,433	)		(234,793	)
Adjustments to maintain reserves		(32	)		18,812			(72	)		(58	)		(153	)		(4,262	)		(31	)		590

Net equity transactions		(365,608	)		(343,296	)		(263,236	)		(1,984,588	)		(752,006	)		(913,346	)		(2,443,801	)		2,068,694

Net change in contract owners’ equity		(315,909	)		(612,841	)		(79,649	)		(2,655,211	)		(476,895	)		(1,420,723	)		(1,706,519	)		1,382,333
Contract owners’ equity at beginning of period		602,133			1,214,974			2,777,006			5,432,217			3,721,815			5,142,538			5,300,856			3,918,523

Contract owners’ equity at end of period	$	286,224			602,133			2,697,357			2,777,006			3,244,920			3,721,815			3,594,337			5,300,856

CHANGE IN UNITS:
Beginning units		64,821			97,682			193,213			341,738			105,970			133,613			203,052			116,173
Units purchased		1,540,472			2,029,767			172,282			991,940			240,702			204,867			1,068,666			802,770
Units redeemed		(1,575,560	)		(2,062,628	)		(194,073	)		(1,140,465	)		(261,600	)		(232,510	)		(1,159,814	)		(715,891	)

Ending units		29,733			64,821			171,422			193,213			85,072			105,970			111,904			203,052

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PROBM						PROBNK						PROBR						PROCG
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(8,141	)		(13,545	)		(2,939	)		(47,601	)		(1,465	)		(9,734	)		(28,815	)		(40,646	)
Realized gain (loss) on investments		11,122			(124,471	)		(131,052	)		(2,916,045	)		(24,636	)		54,885			(384,916	)		(479,574	)
Change in unrealized gain (loss) on investments		69,296			(72,952	)		178,134			(18,849	)		(11,696	)		4,688			133,406			(582,264	)
Reinvested capital gains		-			12,697			-			-			-			-			347,639			111,244

Net increase (decrease) in contract owners’ equity resulting from operations		72,277			(198,271	)		44,143			(2,982,495	)		(37,797	)		49,839			67,314			(991,240	)

Equity transactions:
Purchase payments received from contract owners (note 4)		15,807			6,257			6,139			785			-			-			4,040			22,054
Transfers between funds		151,135			(499,758	)		204,554			2,310,062			(95,494	)		118,932			101,574			(839,218	)
Redemptions (notes 2, 3, and 4)		(175,321	)		(167,102	)		(174,322	)		(224,014	)		(31,481	)		(9,375	)		(261,471	)		(357,571	)
Adjustments to maintain reserves		(87	)		317			(35	)		7,115			(23	)		(111	)		(98	)		2,390

Net equity transactions		(8,466	)		(660,286	)		36,336			2,093,948			(126,998	)		109,446			(155,955	)		(1,172,345	)

Net change in contract owners’ equity		63,811			(858,557	)		80,479			(888,547	)		(164,795	)		159,285			(88,641	)		(2,163,585	)
Contract owners’ equity at beginning of period		657,952			1,516,509			899,798			1,788,345			265,996			106,711			2,373,181			4,536,766

Contract owners’ equity at end of period	$	721,763			657,952			980,277			899,798			101,201			265,996			2,284,540			2,373,181

CHANGE IN UNITS:
Beginning units		47,581			98,175			49,106			76,839			204,011			90,477			113,304			160,777
Units purchased		315,535			344,942			421,489			1,372,366			908,121			4,815,699			166,730			179,264
Units redeemed		(315,688	)		(395,536	)		(421,767	)		(1,400,099	)		(1,019,388	)		(4,702,165	)		(173,522	)		(226,737	)

Ending units		47,428			47,581			48,828			49,106			92,744			204,011			106,512			113,304

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PROCS						PROE30						PROEM						PROFIN
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(33,189	)		(32,599	)		5,208			(2,084	)		19,372			(9,867	)		(20,124	)		(36,728	)
Realized gain (loss) on investments		231,501			(744,639	)		151,261			(197,735	)		(18,960	)		(241,161	)		34,875			(397,346	)
Change in unrealized gain (loss) on investments		286,750			(194,644	)		25,048			5,970			97,635			26,199			96,859			(119,900	)
Reinvested capital gains		115,048			22,787			-			53,336			-			-			70,190			30,441

Net increase (decrease) in contract owners’ equity resulting from operations		600,110			(949,095	)		181,517			(140,513	)		98,047			(224,829	)		181,800			(523,533	)

Equity transactions:
Purchase payments received from contract owners (note 4)		20,998			5,768			977			1,806			4,048			2,554			439			19,605
Transfers between funds		90,015			(404,116	)		(21,726	)		(207,614	)		859,895			457,473			129,522			(1,202,734	)
Redemptions (notes 2, 3, and 4)		(249,176	)		(230,120	)		(231,521	)		(101,456	)		(241,050	)		(87,682	)		(272,005	)		(436,016	)
Adjustments to maintain reserves		(114	)		71			(72	)		590			(60	)		112			(106	)		8,234

Net equity transactions		(138,277	)		(628,397	)		(252,342	)		(306,674	)		622,833			372,457			(142,150	)		(1,610,911	)

Net change in contract owners’ equity		461,833			(1,577,492	)		(70,825	)		(447,187	)		720,880			147,628			39,650			(2,134,444	)
Contract owners’ equity at beginning of period		1,925,180			3,502,672			1,267,673			1,714,860			1,634,966			1,487,338			1,911,581			4,046,025

Contract owners’ equity at end of period	$	2,387,013			1,925,180			1,196,848			1,267,673			2,355,846			1,634,966			1,951,231			1,911,581

CHANGE IN UNITS:
Beginning units		77,958			95,707			100,136			123,331			206,107			153,589			86,759			152,928
Units purchased		263,618			112,276			307,954			420,214			1,364,121			911,109			135,013			200,485
Units redeemed		(267,314	)		(130,025	)		(325,841	)		(443,409	)		(1,306,901	)		(858,591	)		(142,797	)		(266,654	)

Ending units		74,262			77,958			82,249			100,136			263,327			206,107			78,975			86,759

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PROGVP						PROHC						PROIND						PROINT
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	8,164			(3,977	)		(80,311	)		(100,462	)		(41,186	)		(41,308	)		(7,798	)		(6,234	)
Realized gain (loss) on investments		(58,317	)		(143,407	)		(209,922	)		(359,493	)		111,971			(650,802	)		70,465			(103,758	)
Change in unrealized gain (loss) on investments		29,927			(11,042	)		(382,308	)		(602,391	)		43,256			33,335			21,458			(8,198	)
Reinvested capital gains		-			-			596,557			361,322			252,270			42,153			-			20,734

Net increase (decrease) in contract owners’ equity resulting from operations		(20,226	)		(158,426	)		(75,984	)		(701,024	)		366,311			(616,622	)		84,125			(97,456	)

Equity transactions:
Purchase payments received from contract owners (note 4)		-			-			27,551			33,006			43,794			25,562			187			100
Transfers between funds		254,381			(141,568	)		(261,918	)		(629,835	)		53,416			167,809			(199,372	)		237,323
Redemptions (notes 2, 3, and 4)		(7,441	)		(86,907	)		(863,088	)		(1,062,695	)		(268,056	)		(532,839	)		(27,754	)		(41,837	)
Adjustments to maintain reserves		(18	)		101			(105	)		299			(37	)		2,861			(47	)		(6	)

Net equity transactions		246,922			(228,374	)		(1,097,560	)		(1,659,225	)		(170,883	)		(336,607	)		(226,986	)		195,580

Net change in contract owners’ equity		226,696			(386,800	)		(1,173,544	)		(2,360,249	)		195,428			(953,229	)		(142,861	)		98,124
Contract owners’ equity at beginning of period		119,181			505,981			6,205,806			8,566,055			2,895,581			3,848,810			654,321			556,197

Contract owners’ equity at end of period	$	345,877			119,181			5,032,262			6,205,806			3,091,009			2,895,581			511,460			654,321

CHANGE IN UNITS:
Beginning units		11,373			27,246			189,320			242,111			127,200			141,052			59,021			40,929
Units purchased		79,421			384,516			117,926			270,389			210,778			367,628			640,166			261,657
Units redeemed		(57,694	)		(400,389	)		(151,929	)		(323,180	)		(219,405	)		(381,480	)		(659,031	)		(243,565	)

Ending units		33,100			11,373			155,317			189,320			118,573			127,200			40,156			59,021

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PROJP						PRON						PRONET						PROOG
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(15,500	)		(11,727	)		(113,610	)		(111,965	)		(46,283	)		(53,334	)		68,772			(19,453	)
Realized gain (loss) on investments		186,542			(121,606	)		1,539,623			(3,548,269	)		42,936			(4,034,636	)		418,340			2,412,918
Change in unrealized gain (loss) on investments		67,829			(42,293	)		1,267,338			(1,434,742	)		702,389			142,204			(753,592	)		431,364
Reinvested capital gains		-			49,353			39,988			1,454,056			505,416			1,263,818			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		238,871			(126,273	)		2,733,339			(3,640,920	)		1,204,458			(2,681,948	)		(266,480	)		2,824,829

Equity transactions:
Purchase payments received from contract owners (note 4)		416			16,727			54,793			17,144			2,363			6,598			11,861			81,764
Transfers between funds		566,708			(166,875	)		2,487,683			(2,446,169	)		117,510			(794,326	)		72,547			2,278,923
Redemptions (notes 2, 3, and 4)		(107,564	)		(80,084	)		(1,047,994	)		(938,748	)		(399,834	)		(252,634	)		(798,360	)		(728,633	)
Adjustments to maintain reserves		(104	)		(698	)		(68	)		(14,077	)		(81	)		9,580			(82	)		(2,195	)

Net equity transactions		459,456			(230,930	)		1,494,414			(3,381,850	)		(280,042	)		(1,030,782	)		(714,034	)		1,629,859

Net change in contract owners’ equity		698,327			(357,203	)		4,227,753			(7,022,770	)		924,416			(3,712,730	)		(980,514	)		4,454,688
Contract owners’ equity at beginning of period		655,963			1,013,166			4,939,572			11,962,342			2,717,199			6,429,929			8,491,264			4,036,576

Contract owners’ equity at end of period	$	1,354,290			655,963			9,167,325			4,939,572			3,641,615			2,717,199			7,510,750			8,491,264

CHANGE IN UNITS:
Beginning units		39,516			54,142			124,848			197,031			112,486			141,414			620,231			466,095
Units purchased		447,564			324,133			367,694			346,066			363,440			199,548			882,391			1,705,136
Units redeemed		(425,369	)		(338,759	)		(337,873	)		(418,249	)		(373,696	)		(228,476	)		(930,701	)		(1,551,000	)

Ending units		61,711			39,516			154,669			124,848			102,230			112,486			571,921			620,231

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PROPHR						PROPM						PRORE					PRORRO
	2023			2022			2023			2022			2023		2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(9,119	)		(18,299	)		(43,756	)		(42,192	)		-		-			(10,947	)		(36,997	)
Realized gain (loss) on investments		(81,216	)		(170,790	)		(171,457	)		(506,412	)		-		(13	)		442,909			747,259
Change in unrealized gain (loss) on investments		(1,738	)		(37,101	)		(83,459	)		137,574			-		-			(492,715	)		382,297
Reinvested capital gains		24,668			77,902			-			-			-		-			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		(67,405	)		(148,288	)		(298,672	)		(411,030	)		-		(13	)		(60,753	)		1,092,559

Equity transactions:
Purchase payments received from contract owners (note 4)		243			910			4,989			17,843			-		-			-			-
Transfers between funds		(164,066	)		(8,806	)		106,246			496,380			-		13			(1,226,986	)		2,754,435
Redemptions (notes 2, 3, and 4)		(112,261	)		(323,445	)		(152,167	)		(245,342	)		-		-			(154,937	)		(269,308	)
Adjustments to maintain reserves		(90	)		13			(64	)		162			-		-			(1,322,074	)		(534,873	)

Net equity transactions		(276,174	)		(331,328	)		(40,996	)		269,043			-		13			(2,703,997	)		1,950,254

Net change in contract owners’ equity		(343,579	)		(479,616	)		(339,668	)		(141,987	)		-		-			(2,764,750	)		3,042,813
Contract owners’ equity at beginning of period		1,137,384			1,617,000			2,479,762			2,621,749			-		-			3,175,177			132,364

Contract owners’ equity at end of period	$	793,805			1,137,384			2,140,094			2,479,762			-		-			410,427			3,175,177

CHANGE IN UNITS:
Beginning units		53,383			69,790			625,060			581,754			-		-			444,009			71,120
Units purchased		360,384			235,150			2,794,094			2,743,924			-		121			482,376			3,208,412
Units redeemed		(373,984	)		(251,557	)		(2,882,395	)		(2,700,618	)		-		(121	)		(781,215	)		(2,835,523	)

Ending units		39,783			53,383			536,759			625,060			-		-			145,170			444,009

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PROSCN						PROSEM						PROSIN						PROSN
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(220,917	)		(63,048	)		(423	)		(3,701	)		(546	)		(4,542	)		(2,688	)		(10,131	)
Realized gain (loss) on investments		2,439,899			(1,507,138	)		15,241			(28,541	)		(33,098	)		51,587			(82,288	)		164,929
Change in unrealized gain (loss) on investments		5,916,149			(1,235,906	)		(38	)		169			(180	)		2,168			(13,590	)		1,587
Reinvested capital gains		170,128			221,655			23			656			-			-			157			-

Net increase (decrease) in contract owners’ equity resulting from operations		8,305,259			(2,584,437	)		14,803			(31,417	)		(33,824	)		49,213			(98,409	)		156,385

Equity transactions:
Purchase payments received from contract owners (note 4)		18,657			10,512			-			(7	)		-			38			(2	)		-
Transfers between funds		13,367,025			(1,691,113	)		(23,153	)		53,823			(81,625	)		96,082			57,580			407
Redemptions (notes 2, 3, and 4)		(737,923	)		(327,461	)		(397	)		(9,939	)		(9,560	)		(64,631	)		(39,935	)		(12,297	)
Adjustments to maintain reserves		1,224,883			332			(8	)		(8,086	)		(16	)		(1,184	)		(11	)		3,951

Net equity transactions		13,872,642			(2,007,730	)		(23,558	)		35,791			(91,201	)		30,305			17,632			(7,939	)

Net change in contract owners’ equity		22,177,901			(4,592,167	)		(8,755	)		4,374			(125,025	)		79,518			(80,777	)		148,446
Contract owners’ equity at beginning of period		2,712,713			7,304,880			13,439			9,065			130,191			50,673			179,108			30,662

Contract owners’ equity at end of period	$	24,890,614			2,712,713			4,684			13,439			5,166			130,191			98,331			179,108

CHANGE IN UNITS:
Beginning units		69,215			115,218			4,295			3,048			50,332			21,044			249,528			58,292
Units purchased		461,727			197,439			596,221			2,422,088			514,870			3,011,869			2,587,574			11,015,039
Units redeemed		(223,614	)		(243,442	)		(598,783	)		(2,420,841	)		(562,953	)		(2,982,581	)		(2,633,016	)		(10,823,803	)

Ending units		307,328			69,215			1,733			4,295			2,249			50,332			204,086			249,528

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PROTEC						PROTEL						PROUN						PROUSN
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(211,190	)		(125,132	)		(5,686	)		(37	)		(63,036	)		(114,231	)		(4,424	)		(7,352	)
Realized gain (loss) on investments		(902,101	)		(847,676	)		93,677			(56,052	)		120,686			(4,529,256	)		(309,878	)		(52,793	)
Change in unrealized gain (loss) on investments		4,884,657			(4,677,352	)		51,127			(21,563	)		1,752,937			(10,916,471	)		(38,011	)		38,026
Reinvested capital gains		2,062,741			1,500,987			-			-			-			2,197,834			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		5,834,107			(4,149,173	)		139,118			(77,652	)		1,810,587			(13,362,124	)		(352,313	)		(22,119	)

Equity transactions:
Purchase payments received from contract owners (note 4)		24,281			21,406			136			102			1,130			72,639			2,261			(573	)
Transfers between funds		12,636,260			(2,141,982	)		1,148,685			(169,513	)		511,596			(31,361,250	)		(340,673	)		722,206
Redemptions (notes 2, 3, and 4)		(1,580,612	)		(776,441	)		(101,854	)		(64,459	)		(320,274	)		(890,604	)		(538	)		(10,472	)
Adjustments to maintain reserves		(124	)		74			(39	)		(12	)		31			108,976			(13	)		(229	)

Net equity transactions		11,079,805			(2,896,943	)		1,046,928			(233,882	)		192,483			(32,070,239	)		(338,963	)		710,932

Net change in contract owners’ equity		16,913,912			(7,046,116	)		1,186,046			(311,534	)		2,003,070			(45,432,363	)		(691,276	)		688,813
Contract owners’ equity at beginning of period		5,709,576			12,755,692			180,611			492,145			2,844,407			48,276,770			790,237			101,424

Contract owners’ equity at end of period	$	22,623,488			5,709,576			1,366,657			180,611			4,847,477			2,844,407			98,961			790,237

CHANGE IN UNITS:
Beginning units		161,613			228,315			15,159			31,850			24,822			159,065			21,238,538			4,316,879
Units purchased		529,266			109,472			486,079			143,417			86,506			102,551			159,497,900			146,219,347
Units redeemed		(288,302	)		(176,174	)		(412,999	)		(160,108	)		(91,386	)		(236,794	)		(174,419,353	)		(129,297,688	)

Ending units		402,577			161,613			88,239			15,159			19,942			24,822			6,317,085			21,238,538

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PROUTL						PVEIB						PVEIIA						PVIGIB
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(5,361	)		(24,062	)		165,480			40,891			8,257			915			4,676			6,876
Realized gain (loss) on investments		(495,111	)		269,649			294,158			170,343			(379	)		(13,607	)		(31,414	)		(38,015	)
Change in unrealized gain (loss) on investments		96,842			(438,374	)		1,247,293			(2,249,589	)		105,258			5,583			210,564			(92,556	)
Reinvested capital gains		-			41,101			1,103,609			1,389,224			27,729			7,120			-			30,077

Net increase (decrease) in contract owners’ equity resulting from operations		(403,630	)		(151,686	)		2,810,540			(649,131	)		140,865			11			183,826			(93,618	)

Equity transactions:
Purchase payments received from contract owners (note 4)		10,713			106,584			2,398,752			1,876,922			868,374			431,256			90,493			100,908
Transfers between funds		(227,151	)		141,290			224,912			1,992,685			246,738			5,931			40,666			119,899
Redemptions (notes 2, 3, and 4)		(419,985	)		(443,264	)		(1,321,840	)		(1,504,802	)		(71,061	)		(15,647	)		(41,961	)		(14,713	)
Adjustments to maintain reserves		(77	)		257			(94	)		485			(2	)		1,155			(14	)		(14	)

Net equity transactions		(636,500	)		(195,133	)		1,301,730			2,365,290			1,044,049			422,695			89,184			206,080

Net change in contract owners’ equity		(1,040,130	)		(346,819	)		4,112,270			1,716,159			1,184,914			422,706			273,010			112,462
Contract owners’ equity at beginning of period		4,087,646			4,434,465			18,735,458			17,019,299			430,285			7,579			940,978			828,516

Contract owners’ equity at end of period	$	3,047,516			4,087,646			22,847,728			18,735,458			1,615,199			430,285			1,213,988			940,978

CHANGE IN UNITS:
Beginning units		185,664			196,953			1,029,746			895,184			44,052			751			66,519			53,965
Units purchased		290,553			391,327			307,896			401,098			130,580			48,128			62,439			41,088
Units redeemed		(322,277	)		(402,616	)		(241,392	)		(266,536	)		(31,528	)		(4,827	)		(55,873	)		(28,534	)

Ending units		153,940			185,664			1,096,250			1,029,746			143,104			44,052			73,085			66,519

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	PVNOB					PVTIGB						TRBCGP						TRHS2
	2023			2022		2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	(19	)		-		(3,642	)		1,822			(12,499	)		(14,284	)		(305,416	)		(309,841	)
Realized gain (loss) on investments		-			-		3,959			(80,536	)		(27,923	)		(2,042,122	)		420,548			903,412
Change in unrealized gain (loss) on investments		1,530			-		49,146			2,788			1,498,754			(305,677	)		(727,664	)		(5,404,850	)
Reinvested capital gains		-			-		-			30,800			-			175,680			1,018,167			461,013

Net increase (decrease) in contract owners’ equity resulting from operations		1,511			-		49,463			(45,126	)		1,458,332			(2,186,403	)		405,635			(4,350,266	)

Equity transactions:
Purchase payments received from contract owners (note 4)		-			-		207,767			130,262			156,419			1,064,549			1,402,082			2,138,899
Transfers between funds		9,834			-		198,893			(134,719	)		(956,113	)		(566,690	)		(33,509	)		656,161
Redemptions (notes 2, 3, and 4)		-			-		(15,259	)		(8,794	)		(483,435	)		(433,482	)		(1,649,183	)		(1,993,409	)
Adjustments to maintain reserves		(1	)		-		(11	)		1,832			(9	)		(6,716	)		(70	)		17,274

Net equity transactions		9,833			-		391,390			(11,419	)		(1,283,138	)		57,661			(280,680	)		818,925

Net change in contract owners’ equity		11,344			-		440,853			(56,545	)		175,194			(2,128,742	)		124,955			(3,531,341	)
Contract owners’ equity at beginning of period		-			-		151,741			208,286			3,335,717			5,464,459			27,405,926			30,937,267

Contract owners’ equity at end of period	$	11,344			-		592,594			151,741			3,510,911			3,335,717			27,530,881			27,405,926

CHANGE IN UNITS:
Beginning units		-			-		17,897			20,720			450,881			452,603			1,726,923			1,681,087
Units purchased		979			-		47,980			21,120			36,966			227,655			284,785			646,755
Units redeemed		-			-		(6,019	)		(23,943	)		(168,871	)		(229,377	)		(303,004	)		(600,919	)

Ending units		979			-		59,858			17,897			318,976			450,881			1,708,704			1,726,923

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	TRLT1						TRMCG2					VEEMS						VVGGS
	2023			2022			2023			2022		2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	13,114			3,275			(4,775	)		-		17,485			(10,252	)		(69,483	)		(64,651	)
Realized gain (loss) on investments		(824	)		(1,623	)		(16,568	)		-		(45,979	)		(412,136	)		(623,279	)		(965,061	)
Change in unrealized gain (loss) on investments		9,467			(6,053	)		56,059			-		91,220			(204,849	)		961,823			57,844
Reinvested capital gains		-			526			42,555			-		-			149,911			-			-

Net increase (decrease) in contract owners’ equity resulting from operations		21,757			(3,875	)		77,271			-		62,726			(477,326	)		269,061			(971,868	)

Equity transactions:
Purchase payments received from contract owners (note 4)		258,813			146,964			582,801			-		12,145			72,042			667,718			324,720
Transfers between funds		(4,894	)		180,714			115,632			-		95,848			378,785			566,684			17,715
Redemptions (notes 2, 3, and 4)		(14,385	)		(3,506	)		(2,588	)		-		(70,394	)		(28,059	)		(399,666	)		(284,675	)
Adjustments to maintain reserves		(6	)		(4	)		(8	)		-		(23	)		(54	)		(61	)		7,483

Net equity transactions		239,528			324,168			695,837			-		37,576			422,714			834,675			65,243

Net change in contract owners’ equity		261,285			320,293			773,108			-		100,302			(54,612	)		1,103,736			(906,625	)
Contract owners’ equity at beginning of period		332,778			12,485			-			-		733,456			788,068			4,597,034			5,503,659

Contract owners’ equity at end of period	$	594,063			332,778			773,108			-		833,758			733,456			5,700,770			4,597,034

CHANGE IN UNITS:
Beginning units		35,074			1,252			-			-		98,526			78,885			379,537			389,322
Units purchased		29,574			35,400			560,611			-		16,062			178,565			376,470			213,284
Units redeemed		(4,776	)		(1,578	)		(491,373	)		-		(11,101	)		(158,924	)		(324,077	)		(223,069	)

Ending units		59,872			35,074			69,238			-		103,487			98,526			431,930			379,537

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	VWEM					VWHA						VWHAS						VVEI
	2023			2022		2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	57			-		(15,312	)		(2,288	)		115,545			31,509			2,666			7,953
Realized gain (loss) on investments		1			-		(920,761	)		737,030			686,095			1,908,391			29,670			(66,252	)
Change in unrealized gain (loss) on investments		94			16		(183,250	)		(510,190	)		(1,206,395	)		(1,578,285	)		(25,719	)		29,310
Reinvested capital gains		-			-		-			-			-			-			7,152			42,680

Net increase (decrease) in contract owners’ equity resulting from operations		152			16		(1,119,323	)		224,552			(404,755	)		361,615			13,769			13,691

Equity transactions:
Purchase payments received from contract owners (note 4)		-			1,500		24,656			12,692			278,636			117,664			156,126			889,844
Transfers between funds		178			-		(17,396,773	)		17,956,459			(299,601	)		(747,170	)		(901,986	)		(115,430	)
Redemptions (notes 2, 3, and 4)		(22	)		-		(320,077	)		(426,376	)		(977,920	)		(778,074	)		(7,654	)		(62,179	)
Adjustments to maintain reserves		(3	)		-		(91	)		2,940			87			(659	)		(8	)		3,854

Net equity transactions		153			1,500		(17,692,285	)		17,545,715			(998,798	)		(1,408,239	)		(753,522	)		716,089

Net change in contract owners’ equity		305			1,516		(18,811,608	)		17,770,267			(1,403,553	)		(1,046,624	)		(739,753	)		729,780
Contract owners’ equity at beginning of period		1,516			-		20,783,179			3,012,912			8,801,134			9,847,758			903,856			174,076

Contract owners’ equity at end of period	$	1,821			1,516		1,971,571			20,783,179			7,397,581			8,801,134			164,103			903,856

CHANGE IN UNITS:
Beginning units		220			-		2,905,829			461,618			803,807			960,317			88,534			16,879
Units purchased		25			220		1,175,494			2,758,853			136,922			391,060			31,639			92,858
Units redeemed		(3	)		-		(3,783,969	)		(314,642	)		(230,451	)		(547,570	)		(105,251	)		(21,203	)

Ending units		242			220		297,354			2,905,829			710,278			803,807			14,922			88,534

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	VVHGB						VVI						VVMCI						VVSTC
	2023			2022			2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	81,281			58,282			43,237			22,175			24,212			12,337			74,297			41,782
Realized gain (loss) on investments		(76,236	)		(83,036	)		(558,479	)		(433,204	)		(70,807	)		(81,936	)		(61,196	)		(106,778	)
Change in unrealized gain (loss) on investments		336,553			(521,602	)		932,587			(918,064	)		496,081			(434,947	)		326,388			(174,128	)
Reinvested capital gains		-			24,907			120,704			459,344			43,471			171,283			-			26,195

Net increase (decrease) in contract owners’ equity resulting from operations		341,598			(521,449	)		538,049			(869,749	)		492,957			(333,263	)		339,489			(212,929	)

Equity transactions:
Purchase payments received from contract owners (note 4)		3,611,107			1,076,746			1,050,670			2,220,534			1,509,892			1,389,849			2,262,708			1,671,645
Transfers between funds		321,475			67,823			(236,362	)		167,865			291,657			(158,706	)		360,801			1,002,866
Redemptions (notes 2, 3, and 4)		(275,471	)		(415,820	)		(285,451	)		(383,931	)		(220,905	)		(176,463	)		(332,536	)		(1,016,969	)
Adjustments to maintain reserves		(5	)		(3	)		(6	)		(3,157	)		(3	)		(13	)		(5	)		(14	)

Net equity transactions		3,657,106			728,746			528,851			2,001,311			1,580,641			1,054,667			2,290,968			1,657,528

Net change in contract owners’ equity		3,998,704			207,297			1,066,900			1,131,562			2,073,598			721,404			2,630,457			1,444,599
Contract owners’ equity at beginning of period		3,615,332			3,408,035			3,223,326			2,091,764			2,271,909			1,550,505			4,345,975			2,901,376

Contract owners’ equity at end of period	$	7,614,036			3,615,332			4,290,226			3,223,326			4,345,507			2,271,909			6,976,432			4,345,975

CHANGE IN UNITS:
Beginning units		422,915			344,801			421,490			190,494			208,707			115,256			463,019			290,454
Units purchased		673,040			170,626			224,144			426,083			218,972			187,203			471,143			372,928
Units redeemed		(249,555	)		(92,512	)		(154,698	)		(195,087	)		(81,906	)		(93,752	)		(231,748	)		(200,363	)

Ending units		846,400			422,915			490,936			421,490			345,773			208,707			702,414			463,019

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022


	VVTISI						VVTSM						VRVDRA
	2023			2022			2023			2022			2023			2022
*Investment activity:**
Net investment income (loss)	$	88,738			72,440			31,356			33,316			39,125			(11,819	)
Realized gain (loss) on investments		(138,501	)		(118,509	)		(122,585	)		(80,870	)		69,582			519,597
Change in unrealized gain (loss) on investments		715,642			(512,964	)		976,084			(970,900	)		238,195			(2,167,060	)
Reinvested capital gains		43,877			86,239			225,118			239,413			40,731			110,713

Net increase (decrease) in contract owners’ equity resulting from operations		709,756			(472,794	)		1,109,973			(779,041	)		387,633			(1,548,569	)

Equity transactions:
Purchase payments received from contract owners (note 4)		2,864,702			1,218,509			2,164,869			920,561			96,188			331,591
Transfers between funds		(147,561	)		661,555			(148,684	)		28,866			955,089			(643,495	)
Redemptions (notes 2, 3, and 4)		(333,497	)		(422,254	)		(249,126	)		(402,077	)		(141,788	)		(502,303	)
Adjustments to maintain reserves		(5	)		35			(5	)		44			(70	)		(1,708	)

Net equity transactions		2,383,639			1,457,845			1,767,054			547,394			909,419			(815,915	)

Net change in contract owners’ equity		3,093,395			985,051			2,877,027			(231,647	)		1,297,052			(2,364,484	)
Contract owners’ equity at beginning of period		3,523,713			2,538,662			3,462,502			3,694,149			3,826,854			6,191,338

Contract owners’ equity at end of period	$	6,617,108			3,523,713			6,339,529			3,462,502			5,123,906			3,826,854

CHANGE IN UNITS:
Beginning units		355,864			214,590			320,057			273,616			344,256			407,114
Units purchased		377,087			218,769			265,655			145,890			141,489			180,722
Units redeemed		(152,614	)		(77,495	)		(118,843	)		(99,449	)		(64,123	)		(243,580	)

Ending units		580,337			355,864			466,869			320,057			421,622			344,256

*	For all subaccounts not included herein but listed as an investment option in note 1(b), there was no activity during the two-year period. See note 1(b) for all investments available for which no contract owners were invested at December 31, 2023, if applicable.

See accompanying notes to financial statements.

NATIONWIDE VARIABLE ACCOUNT-4 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2023

(1) Background and Summary of Significant Accounting Policies

(a) Organization and Nature of Operations

The Nationwide Variable Account-4 (the Separate Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on October 7, 1987, and commenced operations on July 10, 1989. The Separate Account is registered as a unit investment trust under the Investment Company Act of 1940. The Separate Account is an Investment Company and follows accounting and reporting guidance under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 946, Financial Services – Investment Companies. The Company offers tax qualified and non-tax qualified Individual Deferred Variable Annuity Contracts through the Separate Account.

(b) The Contracts

The Separate Account offers variable annuity insurance benefits intended to serve the long-term saving needs of investors. The primary distribution for the contracts is through the brokerage community; however, other distributors are utilized. Contract features are described in the applicable prospectus.

A contract owner may choose from among a number of different underlying mutual fund options. The underlying mutual fund options are not available to the general public directly. The underlying mutual funds are available as investment options in variable life insurance policies or variable annuity contracts issued by life insurance companies or, in some cases, through participation in certain qualified pension or retirement plans.

Some of the underlying mutual funds have been established by investment advisers which manage publicly traded mutual funds having similar names and investment objectives. While some of the underlying mutual funds may be similar to, and may in fact be modeled after, publicly traded mutual funds, the underlying mutual funds are not otherwise directly related to any publicly traded mutual fund. Consequently, the investment performance of publicly traded mutual funds and any corresponding underlying mutual funds may differ substantially.

With certain exceptions, contract owners in either the accumulation or payout phase may invest in any of the following:

AB FUNDS

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Balanced Hedged Allocation Portfolio: Class B (ALVBWB)

AllianceBernstein Variable Products Series Fund, Inc. - AB VPS Relative Value Portfolio: Class A (ALVGIA)

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

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

ALGER AMERICAN FUNDS

Alger Small Cap Growth Portfolio: Class I-2 Shares (AASCO)

Alger Capital Appreciation Portfolio - Class I2 Shares (ALCAI2)

ALLSPRING GLOBAL INVESTMENTS

Allspring Variable Trust - VT Small Cap Growth Fund: Class 1 (WFVSG1)

ALPS FUNDS

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

ALPS Variable Investment Trust - ALPS Global Opportunity Portfolio: Class III (ARLPE3)