The group's principal activities are to provide variable annuities, fixed annuities, public and private sector pension plans and life insurance on a participating and non-participating basis. The operations are carried on through three segments individual annuity, institutional products and life insurance. The individual annuity provides customer with tax-deferred accumulation of savings and flexible payout options. The institutional products consist of private and public sectors pension plans, medium-term note program and structured product transactions. Life insurance consists of investment life products, including individual variable life and coli products, traditional life insurance products and universal life insurance. The group is a wholly owned subsidiary of nationwide financial services inc.