Nationwide Financial Services
Sub-prime and Alt-A Disclosure
As of March 31, 2008
Recent market events have led to request...
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nationwide 1Q08 Sub-Prime/Alt-A Disclosure

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nationwide 1Q08 Sub-Prime/Alt-A Disclosure

  1. 1. Nationwide Financial Services Sub-prime and Alt-A Disclosure As of March 31, 2008 Recent market events have led to requests for more specific information concerning securities containing Sub- prime and Alt-A collateral. In support of the company’s commitment to transparency, the following table discloses NFS’ exposure to Sub-prime and Alt-A collateral. Additional information concerning the company’s investment activity can be found in the company’s quarterly report on Form 10-Q, which is available on the investor relations section of the company’s web site at www.nationwide.com (upon filing). The company’s investment in securities that contain Sub-prime collateral are highly rated. As of March 31, 2008, 85% of the securities containing Sub-prime collateral were rated AA or better. In addition, 73.3% of Sub- prime collateral was originated in 2005 or earlier. The following tables summarize the distribution by collateral classification, rating and origination year, respectively, of the Company’s general account mortgage-backed and asset-backed securities as of March 31, 2008: % of estimated Estimated fair value (dollars in millions) fair value total Government agency 3,693.4$ 34.4 Prime 1,458.5 13.6 Alt-A 2,041.4 19.0 Sub-prime 726.0 6.9 Non-residential mortgage collateral 2,802.2 26.1 Total 10,721.5$ 100.0 %of %of estimated estimated Estimated fairvalue Estimated fairvalue (dollarsinmillions) fairvalue total fairvalue total AAA 2,018.4$ 98.9 460.0$ 63.4 AA 23.0 1.1 157.1 21.6 A - - 89.7 12.4 BBB - - 5.0 0.6 BBandbelow - - 14.2 2.0 Total 2,041.4$ 100.0 726.0$ 100.0 Alt-A Sub-prime %of %of estimated estimated Estimated fairvalue Estimated fairvalue (dollarsinmillions) fairvalue total fairvalue total Pre-2005 489.1$ 24.0 439.4$ 60.5 2005 663.9 32.5 93.3 12.8 2006 474.8 23.3 160.9 22.2 2007 413.6 20.2 32.4 4.5 Total 2,041.4$ 100.0 726.0$ 100.0 Alt-A Sub-prime

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