National Integrity VAROOM II

As filed with the Securities and Exchange Commission on April 28, 2017

Registration Nos. 333-178439and 811-04846

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-4

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

Pre-Effective Amendment Number:

Post-Effective Amendment Number: 7    [ x ]

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

Amendment Number: 121    [ x ]

(Check appropriate box or boxes)

Separate Account I of National Integrity Life Insurance Company

(Exact Name of Registrant)

National Integrity Life Insurance Company

(Name of Depositor)

400 Broadway, Cincinnati, Ohio 45202

(Address of Depositor's Principal Executive Offices) (Zip Code)

(513) 629-1854

(Depositor's Telephone Number, including Area Code)

The Western and Southern Life Insurance Company

(Name of Guarantor)

400 Broadway, Cincinnati, Ohio 45202

(Address of Guarantor's Principal Executive Offices) (Zip Code)

(513) 629-1854

(Guarantor's Telephone Number, including Area Code)

Rhonda S. Malone, Esq.

Senior Counsel – Securities

Western & Southern Financial Group, Inc.

400 Broadway

Cincinnati, Ohio 45202

(Name and Address of Agent for Service)

Approximate Date of Proposed Public Offering: Continuous

It is proposed that this filing will become effective (check appropriate box)

	immediately upon filing pursuant to paragraph (b) of Rule 485
x	on May 1, 2017 pursuant to paragraph (b) of Rule 485
	60 days after filing pursuant to paragraph (a)(1) of Rule 485
	on (date) pursuant to paragraph (a)(1) of Rule 485
	75 days after filing pursuant to paragraph (a)(2) of Rule 485
	on (date) pursuant to paragraph (a)(2) of Rule 485

If appropriate, check the following box:

This post-eff amendment designates a new effective date for a previously filed post-eff amendment.

Title of Securities Being Registered: VAROOM® II Flexible Premium Variable Annuity

VAROOM^® II Variable Annuity

May 1, 2017

National Integrity Life Insurance Company

Separate Account I of National Integrity Life Insurance Company

This prospectus describes a flexible premium deferred variable annuity contract. This prospectus contains information about Separate Account I of National Integrity Life Insurance Company (Separate Account I) and the contract that you should know before investing. You should read this prospectus and any supplements, and retain them for future reference.

The Securities and Exchange Commission (SEC) has not approved or disapproved these securities or determined that this prospectus is adequate. Any representation to the contrary is a criminal offense.

A registration statement containing additional information about Separate Account I and relating to this contract, which includes a Statement of Additional Information (SAI) dated May 1, 2017, has been filed with the SEC (file numbers 811-04846 and 333-178439). The SAI is incorporated by reference into this prospectus. A free copy of the SAI is available by sending in the form on the last page of this prospectus, or by writing or calling our Administrative Office listed in the Glossary. The table of contents for the SAI is at the end of Part 9 of this prospectus.

You can review and copy information about this annuity contract at the SEC’s Public Reference Room in Washington, D.C. For hours of operation of this Public Reference Room, please call 202-551-8090. Copies of that information are also available, after paying a duplicating fee, by writing the SEC’s Public Reference Section, 100 F. Street NE, Washington, D.C. 20549-0102. You may also obtain information about this annuity contract on the SEC’s Internet site at http://www.sec.gov using the file numbers referenced above.

The contract must be issued as a traditional IRA, Roth IRA, or SEP IRA (collectively referred to as IRAs). This contract does not provide the tax advantages typically provided by an annuity contract. The tax advantages of this contract exist solely through its qualification as an IRA. Except for the Fidelity Variable Insurance Products Government Money Market Portfolio, the Funds available for investment under this contract are also available for direct purchase by the general public.

Two of the reasons Exchange-Traded Funds (ETFs) are attractive to direct purchasers are tax efficiency and cost-effectiveness.  Tax efficiency associated with ETFs will not be realized by purchasing this contract because this contract is an IRA.  The ETFs in which the subaccounts invest are cost-effective, but that cost-effectiveness will be reduced by the expenses of this contract. These expenses include the administration expensesthat are used, in part, to reimburse us for the cost and commissions associated with investing in the underlying ETFs.

If you purchase shares of these Funds directly from a broker-dealer, you will not pay separate account expenses, but may pay commissions. You will also not have access to an annuity benefit, a guaranteed Death Benefit and an optional guaranteed living benefit. Because of these additional separate account expenses, which affect your contract values and the returns on your investment, you should refer only to information about returns on the Subaccount Units available through this contract, and should not refer to information about returns on these Funds that may be available through other sources.

This annuity is not a bank product and is not an obligation of, nor guaranteed by, the financial institution where it is offered. It is not insured by the FDIC, NCUSIF or other federal entity. It is subject to investment risks, including possible loss of the principal amount invested.

This prospectus does not constitute an offering in any jurisdiction where such offering may not lawfully be made. No person is authorized to make any representations in connection with this offering other than those contained in this prospectus.

V2N-1

You may invest your premiums in any of the Subaccounts listed below.

Equity Subaccounts

iShares^® Core S&P 500 ETF

iShares^® Core S&P Mid-Cap ETF

iShares^® Core S&P Small-Cap ETF

iShares^® S&P 500 Growth ETF

iShares^® S&P 500 Value ETF

Vanguard^® Dividend Appreciation Index Fund, ETF Shares

Vanguard^® Large-Cap Index Fund, ETF Shares

Vanguard^® Mega Cap Index Fund, ETF Shares

Fixed Income Subaccounts

Fidelity^® VIP Government Money Market Portfolio, Initial Class

iShares^® Core U.S. Aggregate Bond ETF

iShares^® iBoxx $ High Yield Corporate Bond ETF

iShares^® Intermediate Credit Bond ETF

iShares^® TIPS Bond ETF

Vanguard^® Intermediate-Term Corporate Bond Index Fund, ETF Shares

Vanguard^® Short-Term Bond Index Fund, ETF Shares

Vanguard^® Total Bond Market Index Fund, ETF Shares

International and Alternative Subaccounts

iShares^® International Treasury Bond ETF

Vanguard^® Developed Markets IndexFund, ETF Shares

Vanguard^® Emerging Markets Stock Index Fund, ETF Shares

Vanguard^® REIT Index Fund, ETF Shares

___________________________________________________________________________________

iShares^® and Blackrock^® are registered marks of BlackRock, Inc. and its affiliates (BlackRock). All other trademarks, service marks or registered trademarks are the property of their respective owners. BlackRock's only relationship to National Integrity Life is the licensing of certain trademarks and trade names of BlackRock. National Integrity Life's variable annuities are not sponsored, endorsed, sold or promoted by BlackRock. BlackRock makes no representations or warranties to the owners of National Integrity Life's variable annuities or any member of the public regarding the advisability of investing in them. BlackRock has no obligation or liability in connection with the operation, marketing, sale or trading of National Integrity Life's variable annuities.

Vanguard is a trademark of The Vanguard Group, Inc.

We seek to protect our proprietary position by, among other methods, filing United States patent applications related to our proprietary business processes, technology, inventions and improvements that are important to the development of our business, and to prevent others from infringing upon our proprietary rights. To that end, we have filed for patent protection of this investment product and its related business processes with the United States Patent and Trademark Office, so that this investment product and the business processes related to it may be accurately characterized as patent pending.

V2N-2

TABLE OF CONTENTS

	Page V2N-
Glossary	5
Part 1 – Fees and Expense Tables and Summary of Contract	7
Fees and Expenses	7
Contract Owner Transaction Expenses	7
Separate Account Annual Expenses	7
Total Annual Fund Operating Expenses	8
Examples	9
Accumulation Unit Values	9
Summary of Contract	9
This Contract is an IRA	9
Parties to the Contract	10
Your Rights and Benefits	10
Investment Goals and Risks	10
Account Value and Surrender Value	11
Your Right to Revoke (Free Look Period)	11
Part 2 – National Integrity Life and the Separate Account	12
National Integrity Life Insurance Company	12
Separate Account I	12
Subaccounts	12
Distribution of Variable Annuity Contracts	13
ETF Custodian	13
Changes in How We Operate	13
Part 3 – Your Investment Options	14
The Fund Families and the Funds	14
Static Asset Allocation Models	18
The Fixed Account	19
Part 4 – Deductions and Charges	19
Separate Account Charges	19
Fund Expenses	20
Withdrawal Charge	20
Reduction or Elimination of the Withdrawal Charge	21
Commission Allowance and Additional Payments to Distributors	21
Optional Benefit Charges	22
Tax Reserve	22
State Premium Tax	22
Part 5 – Terms of Your Variable Annuity	22
Purchasing the Contract	22
Premium Payments	23
Units in Our Separate Account	24
How We Determine Unit Value	24
Allocations and Transfers	24
Detrimental Effect of Trading on Unit Values	25
Specific Notice Regarding the Use of this Annuity for Market Timing or Frequent Trading	26
Withdrawals	26
Free Withdrawal Amount	26
Timing of Payment of a Withdrawal or Surrender	27
Assignments	27
Death Benefit	27
Spousal Continuation	28
Selecting and Changing Your Beneficiary	29

V2N-3

Filing Death Claims	29
Maturity Date and Annuity Option	29
Annuity Payments	30
How You Make Requests and Give Instructions	30
Abandoned or Unclaimed Property	30
Part 6 – Optional Benefits	31
Guaranteed Lifetime Withdrawal Benefit	31
Lifetime Payout Amount (LPA)	31
Nonguaranteed Withdrawal	32
Other Important Facts about Withdrawals	33
GLWB Rider Charge	34
GLWB Investment Strategies	34
Allocations and Transfers for the GLWB	36
Withdrawal Protection for Required Minimum Distributions	36
Continuation of the Spousal GLWB at Owner’s Death	36
Guaranteed Payment Phase	37
Cancellation and Termination of Rider	37
Additional Rules	37
Additional Rules that Apply to the Spousal GLWB Rider	38
Should You Purchase the GLWB Rider	38
Examples	38
Part 7 – Voting Rights	38
How Fund Shares Are Voted	38
How We Determine Your Voting Shares	39
Part 8 – Tax Aspects of the Contract	39
Tax Status of the Contract	39
Types of IRAs	39
Rollovers and Transfers	40
Early Distributions	41
Required Minimum Distributions (RMD)	41
Inherited IRAs	41
Federal and State Income Tax Withholding	42
Tax Status of the Company	42
Transfers Among Subaccounts	43
Seek Tax Advice	43
Part 9 – Additional Information	43
Systematic Withdrawal Program	43
Income Plus Withdrawal Program	43
Choices Plus Required Minimum Distribution (RMD) Program	44
Systematic Transfer Program	44
Customized Asset Rebalancing Program	45
Legal Proceedings	45
Table of Contents of Statement of Additional Information	45
Appendices	46
Appendix A – Financial Information for Separate Account I of National Integrity Life	46
Appendix B – Withdrawal Charge Examples	55
Appendix C – Illustrations of Guaranteed Lifetime Withdrawal Benefit	57

V2N-4

GLOSSARY

Account Value - the value of your contract, which consists of the value of your Investment Options added together.

Administrative Office - the address you are required to use to make requests and give instructions about your annuity contract.

Regular Mail:	Overnight Mail:
National Integrity Life Insurance Company PO Box 5720 Cincinnati, Ohio 45201-5720	National Integrity Life Insurance Company 400 Broadway, MS 74 Cincinnati, Ohio 45202-3341
Phone:
1-800-433-1778

Annuitant- the human being whose life is used to determine the Maturity Date of the contract and the amount of the Annuity Option.

Annuity Date - any date on or before the Maturity Date that you elect an Annuity Option.

Annuity Option - an arrangement under which income payments are made.

Business Day - any day that the New York Stock Exchange is open.

Contract Anniversary - occurs once annually on the same day as the Contract Date.

Contract Date - the date we issue you the contract; it is shown on the specification pages of your contract.

Contract Year - a year that starts on your Contract Date or any Contract Anniversary.

Death Benefit - benefit paid to the beneficiary on the Death Benefit Date.

Death Benefit Date - the date we receive an original certified death certificate and our death claim forms in Good Order, including the beneficiary's election of form of payment.

Exchange-Traded Funds (ETFs) - a typeof investment fund that tracks an index, a commodity or basket of assets, and which trades like a stock on an exchange.

Fixed Account - an Investment Option offering a fixed rate of return.

Free Withdrawal Amount- the amount you may withdraw in any Contract Year without paying a withdrawal charge.

Fund - an investment in which a Subaccount invests; all Funds in this annuity are ETFs, except the Fidelity Variable Insurance Products Government Money Market Portfolio.

General Account - the Company’s account that contains all of our assets other than those held in separate accounts.

Good Order - complete information we require to process your application, claim or any request received at our Administrative Office, address above in this glossary.

V2N-5

Guaranteed Lifetime Withdrawal Benefit (GLWB)- an optional benefit that guarantees lifetime payments will be available for withdrawal.

GLWB Investment Strategies - investment strategies available for the GLWB Rider.

Investment Options -Subaccounts and the Fixed Account, collectively.

IRA -Individual Retirement Annuity under section 408(b), 408(k) or 408A of the Internal Revenue Code.

Maturity Date - the 100^th birthday of the Annuitant named on the Contract Date. The Maturity Date is the latest date you can either elect an Annuity Option or receive a lump sum payment.

Rider -a supplement to your contract that provides optional benefits at an additional cost.

Required Beginning Date - April 1^st of the year after the calendar year in which the owner reaches age 70½; this is the date when the owner must begin taking Required Minimum Distributions from a Traditional or SEP IRA.

Required Minimum Distribution (RMD) - annual withdrawal amount required under the Tax Code based on the prior calendar year-end fair market value of this contract only, as calculated by us.

Separate Account - Separate Account I of National Integrity Life Insurance Company. Its assets are segregated from the General Account by National Integrity Life and divided into Subaccounts.

Subaccounts - Investment Options available to you under the contract other than the Fixed Account. Each Subaccount is a division of the Separate Account and invests exclusively in a single Fund with the same name.

Surrender Value - your Account Value reduced by any withdrawal charge and premium tax.

Systematic Transfer Option (STO)- a Fixed Account that accepts new premiums, which must be transferred from the STO into Subaccounts within either a six-month or one-year period.

Tax Code - the Internal Revenue Code of 1986, as amended, or any corresponding provisions of subsequent United States tax laws, and applicable regulations of the Internal Revenue Service.

Unit - measure of your ownership interest in a Subaccount.

Unit Value - value of each Unit calculated on each Business Day.

V2N-6

Part 1 – Fees and Expense Tables and Summary of Contract

Fees and Expenses

The following tables describe the fees and expenses that you will pay when buying, owning, withdrawing from and surrendering the contract.

The following table describes the maximum fees and expenses that you will pay at the time you buy the contract, withdraw from or surrender the contract, or transfer value among Subaccounts.

Contract Owner Transaction Expenses

Maximum Deferred Sales Load (withdrawal charge) as a percentage of premiums ¹ 7%

The following table describes the fees and expenses that you will pay periodically during the time that you own the contract, not including Total Annual Fund Operating Expenses.

Separate Account Annual Expenses(as a percentage of average Account Value in Subaccounts)

		Maximum Charge	Current Charge
Mortality and Expense Risk Charge		0.75%	0.75%
Other Expenses
Administration Charge	0.35%
Distribution Charge	0.80%
Total Other Expenses		1.15%	1.15%
Total Separate Account Annual Expenses without an Optional Benefit 2		1.90%	1.90%
Optional Guaranteed Lifetime Withdrawal Benefit, Investment Strategy 1		1.50%	0.65%
Optional Guaranteed Lifetime Withdrawal Benefit, Investment Strategy 2		1.50%	0.85%
Highest Possible Total Separate Account Annual Expenses with an Optional Benefit 2, 3		3.40%	2.75%

_________________________________________________________

¹ The withdrawal charge decreases over time and is eliminated for each premium after it reaches five years old. See Part 4.

² Assessed daily on the Account Value in the Subaccounts.

³ You may elect only one of the optional Guaranteed Lifetime Withdrawal Benefit Investment Strategies. Therefore the Highest Possible Total Separate Account Annual Expenses reflect the election of Investment Strategy 2, which carries the higher current charge.

V2N-7

Total Annual Fund Operating Expenses

The next item shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time you own the contract. More detail concerning each Fund’s fees and expenses is contained in the prospectus for each Fund.

Minimum: 0.04% Maximum: 0.50%

Gross annual Fund expenses¹as a percentage of average net assets in each Fund:

Fund	Manag- ment Fees	12b-1 Fee	Other Expens- es	Acquired Fund Fees and Expenses	Total Annual Gross Expenses
Equity Subaccounts:
iShares Core S&P 500 ETF 2	0.04%	0.00%	0.00%	0.00%	0.04%
iShares Core S&P Mid-Cap ETF 2	0.07%	0.00%	0.00%	0.00%	0.07%
iShares Core S&P Small-Cap ETF 2	0.07%	0.00%	0.00%	0.00%	0.07%
iShares S&P 500 Growth ETF 2	0.18%	0.00%	0.00%	0.00%	0.18%
iShares S&P 500 Value ETF 2	0.18%	0.00%	0.00%	0.00%	0.18%
Vanguard Dividend Appreciation Index Fund, ETF Shares	0.08%	0.00%	0.01%	0.00%	0.09%
Vanguard Large-Cap Index Fund, ETF Shares	0.07%	0.00%	0.01%	0.00%	0.08%
Vanguard Mega Cap Index Fund, ETF Shares	0.05%	0.00%	0.02%	0.00%	0.07%
Fixed Income Subaccounts:
Fidelity VIP Government Money Market Portfolio	0.17%	0.00%	0.08%	0.00%	0.25%
iShares Core U.S. Aggregate Bond ETF 2, 3, 4	0.05%	0.00%	0.00%	0.01%	0.06%
iShares iBoxx $ High Yield Corporate Bond ETF 2	0.50%	0.00%	0.00%	0.00%	0.50%
iShares Intermediate Credit Bond ETF 2	0.20%	0.00%	0.00%	0.00%	0.20%
iShares TIPS Bond ETF 2	0.20%	0.00%	0.00%	0.00%	0.20%
Vanguard Intermediate-Term Corporate Bond Index, ETF Shares	0.06%	0.00%	0.01%	0.00%	0.07%
Vanguard Short-Term Bond Index Fund, ETF Shares	0.08%	0.00%	0.01%	0.00%	0.09%
Vanguard Total Bond Market Index Fund, ETF Shares	0.04%	0.00%	0.02%	0.00%	0.06%
International and Alternative Subaccounts:
iShares International Treasury Bond ETF 2	0.35%	0.00%	0.00%	0.00%	0.35%
Vanguard Developed Markets Index, ETF Shares	0.06%	0.00%	0.03%	0.00%	0.09%
Vanguard Emerging Markets Stock Index Fund, ETF Shares	0.07%	0.00%	0.07%	0.00%	0.14%
Vanguard REIT Index Fund, ETF Shares	0.11%	0.00%	0.01%	0.00%	0.12%

(1) Each Fund’s expenses were provided in the most recent prospectus for that Fund. We have not independently verified the information. Current or future expenses may be more or less than those shown. More details concerning each Fund's fees and expenses are contained in the prospectus for that Fund.

(2) The iShares Trust's investment advisory agreement provides that the Fund’s advisors will pay all operating expenses of the Fund, except interest expense, taxes, brokerage expenses, future distribution fees or expenses, and extraordinary expenses.

(3) “Acquired Fund Fees and Expenses” reflect the Fund’s pro ratashare of the fees and expenses incurred by investing in other investment companies. The effect of Acquired Fund Fees and Expenses is included in the total returns of the Fund.

(4) The fund’s net expenses are 0.05%. The Fund’s advisor has contractually agreed to waive its management fees in an amount equal to the Acquired Fund Fees and Expenses attributable to the Fund’s direct investments in other registered investment companies advised by the fund's advisor, or its affiliates through June 30, 2021. The contractual waiver may be terminated prior to June 30, 2021 only upon written agreement of the Trust and advisor.

V2N-8

Examples

The examples that follow are intended to help you compare the cost of investing in this contract with the cost of investing in other variable annuity contracts. Each example assumes that you invest $10,000⁴ in the contract for the time period indicated. Each example also assumes that your investment has a 5% return each year. Your actual return may be higher or lower.

Highest Cost Example with Rider

The following example includes the maximum mortality and expense risk charge, administration charge, distribution charge, withdrawal charge, and maximum Fund operating expenses; it also assumes you elect the GLWB Rider at the maximum charge. If the current GLWB Rider charge was used, the total cost would be less than indicated in this example. Based on these assumptions, your costs would be:

If you surrender your contract at the end of the applicable period:

1 year	3 years	5 years	10 years
$1,108	$1,834	$2,477	$4,251

If you remain invested in the contract, or if you select an Annuity Option with a life contingency at the end of the applicable period:

1 year	3 years	5 years	10 years
$408	$1,234	$2,077	$4,251

Highest Cost Example without Rider

The following example includes the maximum mortality and expense risk charge, administration charge, distribution charge, withdrawal charge, and maximum Fund operating expenses; it also assumes you do not elect the GLWB Rider. Based on these assumptions, your costs would be:

If you surrender your contract at the end of the applicable period:

1 year	3 years	5 years	10 years
$951	$1,372	$1,719	$2,811

If you remain invested in the contract, or if you select an Annuity Option with a life contingency at the end of the applicable period:

1 year	3 years	5 years	10 years
$251	$772	$1,319	$2,811

Accumulation Unit Values

See Appendix A

_________________________________________________________

⁴ This contract requires a minimum initial premium of $25,000.

Summary of Contract

This Contract is an IRA

This contract is a variable annuity that must be issued as an Individual Retirement Annuity (IRA) as defined by section 408(b), 408(k) or 408A of the Tax Code. The contract itself does not provide the tax advantages typically provided by a variable annuity. The tax advantages available with this contract exist solely through the contract's qualification as an IRA.

V2N-9

You should read Part 8, “Tax Aspects of the Contract” for more information and consult a tax advisor about your particular circumstances. Most of the withdrawals you make before you are 59½ years old are subject to a 10% federal tax penalty on the amounts withdrawn.

You may want to purchase ETFs through a variable annuity issued as an IRA vs. directly though the IRA for several reasons, including, but not limited to, that this annuity provides a guaranteed minimum death benefit, access to guaranteed annuitization that can provide income for life and offers an optional living benefit that can provide income for life.

Parties to the Contract

• National Integrity Life Insurance Company - “We,” “our,” “us,” “the Company” and “National Integrity Life” mean National Integrity Life Insurance Company.

• Owner - “You” and “your” mean the owner. This variable annuity contract is a contract between you and us. You, as the owner, have certain rights under the contract. Because this contract is an IRA, joint owners are not allowed and you may not transfer ownership.

• Annuitant - You are the Annuitant, the person whose life is used to determine the Maturity Date of the contract and the amount of the annuity benefit, when elected. The Annuitant must be a natural person, and cannot be changed after the Contract Date. Joint Annuitants are not allowed until an Annuity Option is elected and will have no effect until the Annuity Date.

• Beneficiary - The beneficiary is the person or persons who will receive the Death Benefit upon your death prior to the Annuity Date and upon election of Annuity Benefit, to receive any remaining payments. See Part 5, sections titled “Death Benefit,” “Selecting and Changing Your Beneficiary,” and “Maturity Date and Annuity Options.”

• Custodial Account - If the contract is purchased through an established IRA custodial account, the contract owner will be considered the account, the Annuitant will generally be you as the account owner, and the account must be the beneficiary.

• Covered Person - A person covered under one of the GLWB Riders. See Part 6.

Your Rights and Benefits

As the owner of the contract, you have the following rights:

• To contribute, transfer and withdraw money. See Part 5.

• To invest your premiums in the Investment Options. See Part 3.

• To elect the optional benefits available at the time you purchase the annuity contract (for an additional cost). See Part 6.

• To elect an Annuity Option. See Part 5, section titled "Maturity Date and Annuity Option."

• To name one or more beneficiaries to receive the Death Benefit. See Part 5, sections titled "Death Benefit" and “Selecting and Changing Your Beneficiary.” If the owner is a custodian, the owner must name itself as the sole beneficiary.

Your rights are subject to the rules and significant limitations stated in your contract, in this prospectus and under the Tax Code.

Investment Goals and Risks

This contract allows you to accumulate money for retirement or other long-term goals. This contract is intended for long-term investing only and is not intended as a vehicle for frequent trading.Transfers among Subaccounts are strictly limited under the terms of this contract. See Part 5, section titled "Allocations and Transfers."

An investment in any of the Subaccounts carries with it certain risks, including the risk that the value of your investment will decline and you could lose money. The Subaccounts invest in ETFs (except the Fidelity Variable Insurance Products Government Money Market Portfolio), many of which invest in common stocks. You could lose money if one of the issuers of the stocks becomes financially impaired or if the market as a whole

V2N-10

declines. There is also the inherent risk that holders of common stock generally are behind creditors and holders of preferred stock for payments in the event of the bankruptcy of a stock issuer. Some of the Subaccounts invest in Funds that invest in high yield securities that are rated below investment grade, commonly referred to as “junk bonds.” High yield securities may be subject to greater levels of credit or default risk than higher-rated securities. Some of the Subaccounts also invest in securities issued by companies in foreign countries, which means that world events, such as political upheaval, financial troubles, or natural disasters, will adversely affect the value of these securities. Foreign investments are also subject to currency risk, which is the chance that the value of a foreign investment, measured in U.S. dollars, will decrease because of unfavorable changes in currency exchange rates.

Shares of ETFs may trade at a discount from their net asset value in the secondary market. This risk is separate and distinct from the risk that the net asset value of the ETF shares may decrease. The amount of such discount from net asset value is subject to change from time to time in response to various factors.

The services of Mid Atlantic Trust Company (MATC) and third-party broker-dealers underlie the process supporting this variable annuity and the subaccounts’ investments. If either MATC or the third-party broker-dealers terminate or significantly modify the services provided to us, we will seek to replace those services through other providers or through other methods. If suitable replacement services are not available, we will take such other actions or make changes in how we operate as allowed by law and your annuity contract to mitigate any adverse effects on the Separate Accounts, you and us, to the greatest extent reasonably possible. These actions could include working directly with broker-dealers to purchase ETFs; bringing in-house the services being provided by MATC; and/or making available index mutual funds as underlying investment options. While we believe it is highly unlikely, it is possible that under a worst-case scenario we would be required to disallow additional premiums into the contract, and that transfers could only be made into the money market subaccount (although your then-current allocations would not be affected). See more about Mid Atlantic Trust Company in Part 2, section titled “ETF Custodian.”

For a complete discussion of the risks associated with investing in any particular Subaccount, see the prospectus of the corresponding Fund.

Account Value and Surrender Value

Your Account Value consists of the values of your Investment Options added together. Any amount allocated to a Subaccount will go up or down in value depending on the investment experience of the Fund. The value of premiums allocated to the Subaccounts is not guaranteed. Your Account Value also is subject to charges. See Part 4.

Your Surrender Value is equal to your Account Value, minus any withdrawal charge and applicable premium tax. See Part 4.

Your minimum Account Value is $5,000 if this Contract is issued in New York and $2,000 if this Contract is issued in any other state. If the Account Value goes below the minimum Account Value and we have received no premiums from you for three years if this Contract is issued in New York and two years if this Contract is issued in any other state, we may terminate the contract and pay you the Account Value. We will notify you in advance and will give you at least 60 days to contribute additional premium to bring the Account Value above the minimum if you wish to keep your contract in force. The minimum Account Value does not apply if you have a GLWB Rider.

If you take withdrawals (other than the Free Withdrawal Amount or RMD), this contract also requires that you have a minimum Account Value of $20,000 remaining after the withdrawal. (Please note that you may fully surrender your contract at any time.) This rule does not apply if you have a GLWB Rider. See Part 5, section titled “Withdrawals.”

Your Right to Revoke (Free Look Period)

You may cancel your contract within 10 days after you receive it by returning it to our Administrative Office by mail, postmarked within the 10-day period. We will extend the 10-day period if required by state law. If you cancel your contract, we will return your Account Value, which may be more or less than your original premium depending upon the investment experience of the Subaccounts you selected and any applicable charges. You bear the investment

V2N-11

risk, as well as any fees and charges incurred, during the free look period. See Part 4 for more discussion of the fees and charges. Some states require that we return your premium, or some amount other than your Account Value. In that case, we will return the greater of the amount required by state law and your Account Value.

Part 2 – National Integrity Life and the Separate Account

National Integrity Life Insurance Company

National Integrity Life is a stock life insurance company organized under the laws of New York on November 22, 1968. Our principal executive office is located at 400 Broadway, Cincinnati, Ohio 45202. We are authorized to sell life insurance and annuities in eight states and the District of Columbia. National Integrity Life is a subsidiary of The Western and Southern Life Insurance Company, a life insurance company organized under the laws of the State of Ohio on February 23, 1888.

National Integrity Life guarantees certain amounts under the contract. We refer to these guaranteed amounts as “insurance obligations,” such as income payments under the GLWB Rider after your Account Value is exhausted. In this case, we will pay you the income payments from our General Account. Benefit amounts paid from the General Account are subject to our financial strength and claims paying ability and our long-term ability to make such payments. There are risks to purchasing any insurance product.

The Western and Southern Life Insurance Company, National Integrity Life’s parent company, has guaranteed the insurance obligations of National Integrity Life to its contract owners, including the owners of this contract (the Guarantee). Amounts covered by the Guarantee are subject to the financial strength and claims paying ability of The Western and Southern Life Insurance Company. The Guarantee does not guarantee investment performance on the portion of your Account Value invested in the Subaccounts. The Guarantee provides that contract owners can enforce the Guarantee directly.

Separate Account I

Separate Account I of National Integrity Life Insurance Company was established in 1986, and is maintained under the insurance laws of the State of New York. The Separate Account is a unit investment trust, which is a type of investment company governed by the Investment Company Act of 1940 (1940 Act).

Under New York law, we own the assets of our Separate Account and use them to support the Subaccounts of your contract and other variable annuity contracts. You participate in the Separate Account in proportion to the amounts in your contract. National Integrity Life Insurance Company is responsible for all obligations under the contract.

Income, gains and losses, whether realized or unrealized, from assets allocated to the Separate Account are credited to or charged against the Separate Account without regard to our other income, gains or losses. The assets of the Separate Account may not be charged with the liabilities arising out of our other businesses. We may allow fees that are owed to us to stay in the Separate Account, and, in that way, we can participate proportionately in the Separate Account. We may also periodically withdraw amounts that are earned and owed to us from the Separate Account.

Subaccounts

The Separate Account is divided into Subaccounts. Each Subaccount invests in shares of a Fund with the same name. The Subaccounts available in this contract are listed in Part 3. We may add, substitute or close Subaccounts from time to time, and we may limit the amount of your investment in one or more of the Subaccounts on a nondiscriminatory basis.

Each Subaccount available in this contract (except for the Fidelity Variable Insurance Products Government Money Market Portfolio) invests in the shares of a distinct ETF. Each ETF available through a Subaccount is a registered investment company. ETF shares are traded throughout the day on exchanges, such as the NYSE Arca, Inc. ETF shares may trade at, above or below their net asset value; however, for purposes of valuing the Subaccount Units, we will use the daily closing price of each ETF on its primary exchange.

V2N-12

Each ETF available through a Subaccount in this contract seeks investment results that correspond to an index. The returns on the ETF shares will not precisely correlate with the performance of the index. You cannot invest directly in an index. You may want to purchase this variable annuity instead of one that does not invest in passively managed ETFs for several reasons, including, but not limited to, that the underlying fund costs are substantially lower than those of most variable annuities on the market today.

Distribution of Variable Annuity Contracts

Touchstone Securities, Inc., an affiliate of National Integrity Life, serves as the principal underwriter for our variable annuity contracts. The principal business address of Touchstone Securities is 400 Broadway, Cincinnati, Ohio 45202. The contracts are sold by individuals who are licensed insurance agents and registered representatives of broker-dealers or financial institutions that have entered into distribution agreements with us.

ETF Custodian

Mid Atlantic Trust Company (MATC), a South Dakota registered non-depository trust company, is the custodian for the ETFs held by the Subaccounts. MATC provides certain services to the Separate Account, including custody of and accounting services for the ETFs owned by the Separate Account. MATC also facilitates execution of the purchase and sale of the ETFs through third-party broker-dealers. The third-party broker-dealers, working with MATC, provide the ETFs to the Separate Account at the daily closing price of each ETF on its primary exchange. Fees for the services of the third-party broker-dealers are paid by MATC. We pay for these services under agreements with MATC.

The services of MATC and the third-party broker-dealers underlie the process supporting this variable annuity and the subaccounts’ investments. If either MATC or the third-party broker-dealers terminate or significantly modify the services provided to us, we will seek to replace those services through other providers or through other methods. If suitable replacement services are not available, we will take such other actions or make changes in how we operate as allowed by law and your annuity contract to mitigate any adverse effects on the Separate Accounts, you and us to the greatest extent reasonably possible. These actions could include working directly with broker-dealers to purchase ETFs; bringing in-house the services being provided by MATC; and/or making available index mutual funds as underlying investment options. While we believe it is highly unlikely, it is possible that under a worst-case scenario we would be required to disallow additional premiums into the contract, and that transfers could only be made into the money market subaccount (although your then-current allocations would not be affected).

Changes in How We Operate

We can change how the Company or our Separate Account operates, subject to the approval of federal or state regulators when required by the 1940 Act or other applicable laws. We will notify you if any changes result in a material change in the Funds or Investment Options. We may take one or more of the following actions:

• combine the Separate Account with any other separate account we own;

• transfer assets of the Separate Account to another separate account we own;

• add, remove, substitute, close, change, combine or limit investment in Subaccounts or withdraw assets relating to your contract from one Subaccount and put them into another;

• register or end the registration of the Separate Account under the 1940 Act;

• operate our Separate Account under the direction of a committee or discharge a committee at any time (the committee may be composed of a majority of persons who are “interested persons” of National Integrity Life);

• restrict or eliminate any voting rights of owners or others that affect our Separate Account;

• cause one or more Subaccounts to invest in a fund other than or in addition to the Funds;

• operate our Separate Account or one or more of the Subaccounts in any other form the law allows, including a form that allows us to make direct investments; we may make any legal investments we wish;

• make any changes required by the 1940 Act or other federal securities laws;

• make any changes necessary to maintain the status of the contracts as annuities and/or IRAs under the Tax Code;

• make other changes required under federal or state law relating to annuities.

V2N-13

Part 3 – Your Investment Options

You may invest your premiums in the Subaccounts, the Fixed Account, or both, subject to any restrictions described in this prospectus. If you purchase one of the GLWB Riders, your Investment Options are limited. See Part 6.

Each Subaccount invests in the shares of a distinct Fund. Each Subaccount and its corresponding Fund share the same name. The value of your Subaccount will vary with the performance of the corresponding Fund. For a full description of each Fund, see that Fund’s prospectus and SAI.

The Fund Families and the Funds

Below is a description of each Fund family, iShares^® and The Vanguard Group, as well as the Fidelity Variable Insurance Products, which offers the Government Money Market Fund in this annuity, followed by a brief description of each Fund. Each Fund has a separate prospectus and SAI that provides more details about management fees and other expenses deducted from each Fund, the Fund’s principal investment strategies and the risks associated with investing. There is no guarantee that a Fund will meet its investment objective. For a prospectus containing complete information on any Fund, including the risks associated with investing, call our Administrative Office toll-free at 1-800-325-8583.

Fidelity^® Variable Insurance Products

The Portfolio is a series of a Fidelity Variable Insurance Products trust.Fidelity Management & Research Company, located at 245 Summer Street, Boston, MA 02210, is the investment advisor.

iShares^® 

iShares Trust is a registered investment company that consists of separate investment portfolios called Funds. All the Funds listed below are ETFs. BlackRock Fund Advisors (BFA), 400 Howard Street, San Francisco, CA 94105, is the investment advisor to each Fund listed in this section. BFA uses a “passive” or indexing approach to try to achieve each Fund’s investment objective. Unlike many investment companies, the advisor does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. BFA uses a representative sampling indexing strategy to manage each Fund as described in the Fund's prospectus. Unless otherwise indicated in the Fund description, each iShares Funds generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index, and/or securities that provide substantially similar exposure to securities in the underlying index. The Fund may invest the remainder of its assets in certain futures, options and swap contracts, cash and cash equivalents, including money market funds advised by BFA or its affiliates, as well as in securities not included in its underlying index, but which BFA believes will help the Fund track its underlying index. The description included below for each Fund was taken from the most recent publicly available documentation for such Fund as of the time this prospectus was drafted. More recent disclosure may be available in the Funds’ current prospectus.

The Vanguard Group, Inc.

The Vanguard Group, Inc. is a family of investment companies. Many of the investment companies offer ETF shares, including all those listed below. Each corresponding Subaccount invests in the ETF share class. The Vanguard Group, Inc., P.O. Box 2600, Valley Forge, PA 19482, is the investment advisor to each Fund listed in this section.

Equity Funds:

iShares^® Core S&P 500 ETF

The Fund seeks to track investment results of the S&P 500 ^® Index, which measures the performance of the large-capitalization sector of the U.S. equity market. As of March 31, 2016, the index included approximately 80.73% of the market capitalization of all publicly traded U.S. equity securities. The component stocks are weighted according to the float-adjusted market value of their outstanding shares. The index consists of stocks from a broad range of industries. Components primarily include financials, healthcare and information technology companies. The components of the index, and the degree to which these components represent certain industries, may change over time.

iShares^® Core S&P Mid-Cap ETF

V2N-14

The Fund seeks to track investment results of the S&P MidCap 400^® Index, which measures the performance of the mid-capitalization sector of the U.S. equity market. As of March 31, 2016, the index included approximately 6.59% of the market capitalization of all U.S. equity securities. The stocks in the index have a market capitalization between $1.4 billion and $5.9 billion at time of entry, and which may fluctuate depending on the overall level of the equity markets and are selected for liquidity and industry group representation. The index consists of stocks from a broad range of industries. Components primarily include financials, industrials and information technology companies. The components of the index, and the degree to which these components represent certain industries, may change over time.

iShares^® Core S&P Small-Cap ETF

The Fund seeks to track the investment results of the S&P SmallCap 600^® Index, which measures the performance of the small-capitalization sector of the U.S. equity market. As of March 31, 2016, the index included approximately 2.85% of the market capitalization of all U.S. equity securities. The stocks in the index have a market capitalization between $400 million and $1.8 billion at time of entry, which may fluctuate depending on the overall level of the equity markets and are selected for liquidity and industry group representation. The index consists of stocks from a broad range of industries. Components primarily include financials, industrials and information technology companies. The components of the index, and the degree to which these components represent certain industries, may change over time.

iShares^® S&P 500 Growth ETF

The Fund seeks to track investment results of the S&P 500 Growth Index™, which measures the performance of the large-capitalization growth sector of the U.S. equity market. It is a subset of the S&P 500^® and consists of those stocks in the S&P 500^® exhibiting the strongest growth characteristics, as determined by the index provider, representing approximately 67.3% of the market capitalization of the S&P 500^® Index as of March 31, 2016. Components primarily include consumer discretionary, healthcare, and information technology companies. The components of the index, and the degree to which these components represent certain industries, may change over time.

iShares^® S&P 500 Value ETF

The Fund seeks to track investment results of the S&P 500 Value Index™, which measures the performance of the large-capitalization value sector of the U.S. equity market. It is a subset of the S&P 500^® and consists of those stocks in the S&P 500^® exhibiting the strongest value characteristics, as determined by the index provider, representing approximately 67.9% of the market capitalization of the S&P 500 Index as of March 31, 2016. Components primarily include energy, financials and industrials companies. The components of the index, and the degree to which these components represent certain industries, may change over time.

Vanguard Dividend Appreciation Index Fund, ETF Shares

The Fund seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that have a record of increasing dividends over time. The Fund employs an indexing investment approach designed to track the performance of the NASDAQ US Dividend Achievers Select Index, which consists of common stocks of companies that have a record of increasing dividends over time. The Fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Vanguard Large-Cap Index Fund, ETF Shares

The Fund seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. The Fund employs an indexing investment approach designed to track the performance of the CRSP US Large Cap Index, a broadly diversified index of large U.S. companies representing approximately the top 85% of the U.S. market capitalization. The Fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Vanguard Mega Cap Index Fund, ETF Shares

The Fund seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks in the United States. The Fund employs an indexing investment approach designed to track the performance of the CRSP US Mega Cap Index. The index is a float-adjusted, market-capitalization-weighted index designed to measure equity market performance of mega-capitalization stocks in the United States. The

V2N-15

Fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Fixed Income Funds:

Fidelity VIP Government Money Market Portfolio

The Portfolio seeks as high a level of current income as is consistent with preservation of capital and liquidity. The advisor normally invests at least 99.5% of total assets in cash, U.S. Government securities and/or repurchase agreements that are collateralized fully (i.e., collateralized by cash or government securities). The advisor invests in U.S. Government securities issued by entities that are chartered or sponsored by Congress but whose securities are neither issued nor guaranteed by the U.S. Treasury. The fund invests in compliance with industry-standard regulatory requirements for money market funds for quality, maturity and diversification of investments.

iShares^® Core U.S. Aggregate Bond ETF

The Fund seeks to track investment results of the Bloomberg Barclays U.S. Aggregate Bond Index, which measures the performance of the total U.S. investment-grade bond market. As of December 31, 2015, there were 9,720 issues in the index. The index includes investment-grade U.S. Treasury bonds, government-related bonds, corporate bonds, mortgage-backed pass-through securities, commercial mortgage-backed securities and asset-backed securities that are publicly offered for sale in the United States. The index may include large-, mid-, or small-capitalization companies, and components primarily include mortgage-backed pass-through and treasury securities, and industrials companies. The components of the index, and the degree to which these components represent certain industries, may change over time. The securities in the index have $250 million or more of outstanding face value and have at least one year remaining to maturity, with the exception of amortizing securities such as asset-backed and mortgage-backed securities, which have lower thresholds as defined by the index provider. In addition, the securities must be denominated in U.S. dollars and must be fixed-rate and non-convertible.

iShares^® iBoxx $ High Yield Corporate Bond ETF

The Fund seeks to track investment results of the Markit iBoxx^® USD Liquid High Yield Index, which is a rules-based index consisting of the liquid U.S. dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider. The index is designed to provide a broad representation of the U.S. dollar-denominated liquid high yield corporate bond market. The index is a modified market-value weighted index with a cap on each issuer of 3%. Bonds in the index are selected using rules-based criteria, as defined by the index provider. There is no limit to the number of issues in the index, but as of December 31, 2015, the index included approximately 985 constituents. The index may include large-, mid-, or small-capitalization companies, and components primarily include consumer cyclical, consumer discretionary, consumer services, consumer staples, industrials, and telecommunications companies. The components of the index, and the degree to which these components represent certain industries, may change over time.

V2N-16

iShares^® Intermediate Credit Bond ETF

The Fund seeks to track investment results of the Bloomberg Barclays U.S. Intermediate Credit Bond Index, which measures the performance of investment-grade corporate debt and sovereign, supranational, local authority and non-U.S. agency bonds that are U.S. dollar-denominated and have a remaining maturity of greater than or equal to one year and less than 10 years. As of December 31, 2015, there were 4,328 issues in the index. The index may include large-, mid-, or small-capitalization companies, and components primarily include consumer staples, financials and industrials companies. The components of the index, and the degree to which these components represent certain industries, may change over time. The index includes investment-grade credit securities that have a remaining maturity of greater than or equal to one year and less than 10 years and have $250 million or more of outstanding face value. In addition, the securities in the index must be denominated in U.S. dollars and must be fixed-rate and non-convertible. Excluded from the index are structured notes with embedded swaps or other special features, private placements, floating-rate securities and bonds that have been issued in one country’s currency, but are traded outside of that country in a different country and regulatory system (Eurobonds). The index is market-capitalization weighted.

iShares^® TIPS Bond ETF

The Fund seeks to track investment results of the Bloomberg Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L), which measures the performance of the inflation-protected public obligations of the U.S. Treasury, commonly known as “TIPS.” TIPS are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors. TIPS are income-generating instruments whose interest and principal payments are adjusted for inflation—a sustained increase in prices that erodes the purchasing power of money. The inflation adjustment, which is typically applied monthly to the principal of the bond, follows a designated inflation index, the consumer price index (“CPI”), and TIPS’ principal payments are adjusted according to changes in the CPI. A fixed coupon rate is applied to the inflation-adjusted principal so that as inflation rises, both the principal value and the interest payments increase. This can provide investors with a hedge against inflation, as it helps preserve the purchasing power of an investment. Because of this inflation adjustment feature, inflation-protected bonds typically have lower yields than conventional fixed-rate bonds. The index includes all publicly-issued U.S. Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of outstanding face value. In addition, the securities in the index must be denominated in U.S. dollars and must be fixed-rate and non-convertible. The index is market-capitalization weighted.

Vanguard Intermediate-Term Corporate Bond Index Fund, ETF Shares

The Fund seeks to track the performance of a market-weighted corporate bond index with an intermediate-term dollar-weighted average maturity. The Fund employs an indexing investment approach designed to track the performance of the Bloomberg Barclays Capital U.S. 5-10 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 5 and 10 years. The Fund invests by samplingthe index, meaning that it holds a range of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics. All of the Fund’s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the Fund’s assets will be invested in bonds included in the index. The Fund maintains a dollar-weighted average maturity consistent with that of the index, which was 7.5 years as of August 31, 2016.

Vanguard Short-Term Bond Index Fund, ETF Shares

The Fund seeks to track the performance of a market-weighted bond index with a short-term dollar-weighted average maturity. The Fund employs an indexing investment approach designed to track the performance of the Bloomberg Barclays Capital U.S. 1-5 Year Government/Credit Float Adjusted Index. This index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 1 and 5 years and are publicly issued. The Fund invests by samplingthe index, meaning that it holds a range of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics. All of the Fund’s investments will be selected through the sampling process, and at least 80% of the Fund’s assets will be invested in bonds held in the index. The Fund maintains a dollar-weighted average maturity consistent with that of the index, which generally does not exceed 3 years.

V2N-17

Vanguard Total Bond Market Index Fund, ETF Shares

The Fund seeks to track the performance of a broad, market-weighted bond index. The Fund employs an indexing investment approach designed to track the performance of the Bloomberg Barclays U.S. Aggregate Float Adjusted Index. This index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States, including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities, all with maturities of more than 1 year. The Fund invests by samplingthe index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics. All of the Fund’s investments will be selected through the sampling process, and at least 80% of the Fund’s assets will be invested in bonds held in the index. The Fund maintains a dollar-weighted average maturity consistent with that of the index, which generally ranges between 5 and 10 years.

International and Alternative Funds:

iShares^® International Treasury Bond ETF

The Fund seeks to track investment results of the S&P/Citigroup International Treasury Bond Index Ex-US, which is a broad, diverse, market value-weighted index designed to measure the performance of bonds denominated in local currencies and issued by foreign governments in developed market countries outside the United States. The index methodology is designed to balance the weighting of each country within the index by limiting the weightings of countries with higher debt outstanding and reallocating this excess to countries with lower debt outstanding. To be eligible for inclusion in the index, the issuing country must be a “Developed Country” as classified by the Bank for International Settlements. As of September 30, 2016, the index included securities issued by the governments in the following 18 countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. The index includes bonds having a remaining maturity greater than one year.

Vanguard Developed Markets Index Fund, ETF Shares

The Fund seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in Canada and the major markets of Europe and the Pacific region. The Fund employs an indexing investment approach designed to track the performance of the FTSE Developed All Cap ex US Index, a market-capitalization-weighted index that is made up of approximately 3,700 common stocks of large-, mid-, and small-cap companies located in Canada and the major markets of Europe and the Pacific region. The Fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Vanguard Emerging Markets Stock Index Fund, ETF Shares

The Fund seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries. The Fund employs an indexing investment approach designed to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index, a market-capitalization-weighted index that is made up of approximately 3,658 common stocks of large-, mid-, and small-cap companies located in emerging markets around the world. The Fund invests by samplingthe index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics. These key characteristics include industry weightings and market capitalization, as well as certain financial measures, such as price/earnings ration and dividend yield.

Vanguard REIT Index Fund, ETF Shares

The Fund seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity real estate investment trusts (REITs). The Fund employs an indexing investment approach designed to track the performance of the MSCI US REIT Index. The index is composed of stocks of publicly traded equity REITs. The Fund attempts to replicate the index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Static Asset Allocation Models

We are not currently offering asset allocation models. We have previously offered asset allocation models in connection with your variable annuity at no extra charge, and may do so in the future. Asset allocation is the

V2N-18

process of investing in different asset classes – such as equity funds, fixed income funds, and alternative funds – depending on your personal investment goals, tolerance for risk, and investment time horizon. By spreading your money among a variety of asset classes, you may be able to reduce the risk and volatility of investing, although there are no guarantees.

We have no discretionary authority or control over your choice of Subaccounts or your other investment decisions. We may make available educational information and materials, such as a risk tolerance questionnaire, that may help you select an asset allocation model, but we do not recommend asset allocation models or otherwise provide advice about whether an asset allocation model may be appropriate for you.

Our asset allocation models are "static."  Although we may change or terminate asset allocation models we are offering to new contract purchasers, we will not change your allocations unless you advise us to do so. You will not be notified if the models are terminated or changed. You will not be provided with information regarding any terminations or changes to the asset allocation models. If you elect to invest using an asset allocation model, and if you elect automatic rebalancing, we will continue to rebalance your percentage allocations among the Funds in your existing model.  

You should consult your investment professional periodically to consider whether any model you have selected is still appropriate for you. You may choose to invest in an asset allocation model or change your asset allocation at any time, subject to the limitations stated in your contract and this prospectus. See Part 5, section titled “Allocations and Transfers.”

Asset allocation does not ensure a profit, guarantee that your Account Value will increase or protect against a decline if market prices fall. An asset allocation model may not perform as intended. Any asset allocation models offered are based on then-available Funds in this annuity. We may discontinue, add, eliminate or change the models at any time.

The Fixed Account

Our Fixed Account is offered through our General Account, which also supports any portion of the Death Benefit, the annuity benefit, and any guarantees under a Rider that are in excess of Account Value. The General Account is not registered under the Securities Act of 1933 or the 1940 Act. Disclosures regarding the Fixed Account and the General Account are subject to certain provisions of the federal securities laws relating to the accuracy and completeness of statements made in prospectuses.

Systematic Transfer Option (STO)

We offer a STO (a Fixed Account) that provides a fixed interest rate on each premium allocated to the STO. That interest rate is guaranteed for that premium while in the STO period selected. Available STO periods are six months or one year. All STO premiums will be automatically transferred into the Subaccounts within either six months or one year of your premium payment into the STO, depending on which STO period you select. You can invest in either the six-month or one-year STO at any one time, but not both. We require a minimum premium to the STO of $6,000 to fund the six-month STO or $12,000 to fund the one-year STO. We will automatically transfer equal amounts monthly for the six-month STO and either monthly or quarterly for the one-year STO. Once you have invested premium in a STO, it cannot be transferred from the STO except as the automatic transfers described above.

The STO is available for new premiums only. You cannot transfer from the Subaccounts into the STO. See “Systematic Transfer Program” in Part 9 for more details on this program. If you elect a GLWB Rider, the STO is only available for your initial premium received by us on or before the Contract Date.

Part 4 – Deductions and Charges

Separate Account Charges

We deduct a daily charge equal to an annual effective rate of 1.90% of your Account Value in each of the Subaccounts to cover our separate account charges, which include:

V2N-19

• mortality and expense risk charge of 0.75%;

• administration charge of 0.35%; and

• distribution charge of 0.80%.

The mortality and expense risk charge pays us for assuming the mortality risk and the expense risk under the contract. The mortality risk, as used here, refers to our risk that Death Benefits are greater than anticipated, or that annuitants, as a class of persons, will live longer than estimated and we will be required to pay out more annuity benefits than anticipated. The expense risk is our risk that the expenses of administering the contract will exceed the reimbursement for administrative expenses.

The administration charge is used to reimburse us for administrative expenses, including, but not limited to, processing applications, issuing contracts, processing customer orders and other requests, making investments, providing regular reports and confirmations to customers, providing reports and updates to regulators, maintaining accounting records for each contract owner, administering income payments, furnishing accounting and valuation services (including the calculation and monitoring of the daily Unit Values), reconciling and depositing cash receipts, and providing forms.

The administration charge also reimburses us for the cost and commissions associated with investing in the underlying ETFs, including brokerage commissions. The brokerage commissions associated with the ETF trades will be paid directly by MATC to the executing broker, and indirectly by us under an arrangement with MATC. See Part 2, section titled “ETF Custodian.” This arrangement is a proprietary fee arrangement based on a percentage of assets invested in the ETFs. Ultimately, this cost is passed along to you as part of this administrative expense.

The distribution charge reimburses us for the costs of distribution of this variable annuity, including commissions paid to our distributors.

We expect to make a profit from the separate account charges.

Fund Expenses

The net asset value of the Fund shares reflects investment management fees and other expenses that have already been deducted from the assets of the Funds. Please refer to Part 1, section titled “Total Annual Fund Operating Expenses,” and the individual Fund’s prospectus for details on Fund expenses.

Withdrawal Charge

If you withdraw your premiums, you may be charged a withdrawal charge of up to 7% of the premium. The amount of the withdrawal charge is a percentage of each premium withdrawn and not of the Account Value. The charge varies, depending upon the "age" of the premiums included in the withdrawal. The “age of a premium is the number of years that have passed since each premium was paid.

Premium Year	Charge as a Percentage of the Premium Withdrawn
1	7%
2	7%
3	6%
4	5%
5	4%
thereafter	0

When you take a withdrawal, the oldest premium is treated as the first withdrawn, then next oldest and so on. Any gain or earnings in your contract come out only after an amount equal to all your premiums, and any applicable charges on those premiums, is withdrawn. Please note, however, that for tax purposes, withdrawals are generally considered to be gain first. See Part 8.

V2N-20

Because the withdrawal charge applies to each premium, if your Account Value has declined due to poor performance of your selected Subaccounts or you have taken previous withdrawals, including the Free Withdrawal Amount, the withdrawal charge may be greater than the amount available for withdrawal. In some instances, your Account Value may be positive, but you will not have money available to withdraw due to the amount of the withdrawal charge still applicable to your premiums. A withdrawal charge applies to the withdrawal charge amount itself since this amount is part of the premium withdrawn.

You may take your Free Withdrawal Amount each Contract Year without paying a withdrawal charge. More details on the Free Withdrawal Amount are in Part 5, in the section titled "Free Withdrawal Amount."

We will not deduct a withdrawal charge from:

• the Death Benefit; or

• a withdrawal used to buy an immediate annuity from us after the first Contract Anniversary with either: (i) life contingencies; or (ii) a period certain that provides for fixed payments over 10 or more years.

If you take withdrawals (other than the Free Withdrawal Amount or RMD), this contract also requires that you have a minimum Account Value of $20,000 remaining after the withdrawal. (Please note that you may fully surrender your contract at any time.) This rule does not apply if you have a GLWB Rider. See Part 5, section titled “Withdrawals.”

For more information and examples of application of the withdrawal charge, see Appendix B.

Reduction or Elimination of the Withdrawal Charge

We can reduce or eliminate the withdrawal charge for individuals or a group of individuals if we anticipate expense savings. We may do this based on the size and type of the group, the amount of the premium, or whether there is some relationship with us. Examples of these relationships would include being an employee of National Integrity Life or an affiliate, receiving distributions or making internal transfers from other contracts we issued, or transferring amounts held under qualified plans that we, or our affiliates, sponsored. We will not unlawfully discriminate against any person or group if we reduce or eliminate the withdrawal charge.

Commission Allowance and Additional Payments to Distributors

We generally pay a commission to the sales representative up to a maximum of 6% of premiums, and up to a 0.80% trail commission paid on Account Value starting in the second Contract Year. Commissions may vary due to differences between states, sales channels, sales firms and special sales initiatives.

A broker-dealer or financial institution that distributes our variable annuity contracts may receive additional compensation from us for training, marketing or other services provided. These services may include special access to sales staff and advantageous placement of our products. We do not make an independent assessment of the cost to the broker-dealer or financial institution of providing such services.

National Integrity Life has agreements with some broker-dealer firms under which we pay varying amounts on premiums paid, but no more than 0.25%, for enhanced access to their registered representatives. The broker-dealer firms are Commerce Brokerage Services, Inc., CUSO Financial Services, L.P., Fifth Third Securities, Inc., Frost Brokerage Services, Inc., Hancock Investment Services, Inc.,LPL Financial Corporation, MSI Financial Services, Inc., and US Bancorp Investments, Inc.

Depending on the arrangements in place at any particular time, a broker-dealer, and the registered representatives associated with it, may have a financial incentive to recommend a particular variable annuity contract. This could create a conflict of interest between the broker-dealer or the registered representative and the customer. These payments could provide incentive to a broker-dealer or registered representative to recommend a Contract that is not in your best interest. You can find more about compensation in the SAI.

V2N-21

Optional Benefit Charges

You may purchase one of the GLWB Riders offered with this contract, which provide optional benefits for an additional cost. The additional cost of the Riders, along with complete details about their benefits, is provided in Part 6.

Tax Reserve

In the future, we may charge for taxes or set aside reserves for taxes, which will reduce the investment performance of the Subaccounts.

State Premium Tax

We will not deduct state premium taxes from your premiums before investing them in the Investment Options, unless required by your state law. If you elect an Annuity Option, we will deduct any applicable state premium taxes from the amount available for the Annuity Option. State premium taxes currently range from 0% to 1.0% for IRAs.

Part 5 – Terms of Your Variable Annuity

Purchasing the Contract

If you wish to purchase a contract, you must apply for it through an authorized sales representative. The sales representative will send your completed application to us, and we will decide whether to accept or reject it. If we accept your application, we will issue a contract and send it to you either directly or through your sales representative.

To apply for a contract, you must be of legal age to enter into a contractual relationship under applicable state law, generally 18 years old. You must be no older than 80 at the time of application.

This contract must be issued as an IRA. Subject to various rules and limitations, the Tax Code permits you to transfer or roll over money tax-free from one IRA to another IRA or from certain other qualified plans, such as a 401(k) plan, to an IRA. See Part 8.

If you are transferring money from another annuity contract that is an IRA to acquire this contract, you should carefully compare this contract to your current contract. You may have to pay a withdrawal charge under your current contract to transfer to this contract, and this contract has its own withdrawal charges that would apply to you. The other fees and charges under this contract may be higher (or lower), and the benefits may be different, than those of your current contract. In addition, you may have to pay federal income and penalty taxes on the transfer if it does not qualify for tax-free transfer or rollover treatment. You should not transfer from another annuity contract unless you determine that the transfer is right for you. Please note that the person who sells you this contract generally will earn a commission on the sale. You should also consult a tax advisor before requesting a tax-free transfer or rollover.

V2N-22

Premium Payments

Minimum initial premium	$25,000
Minimum additional premium	$1,000
Maximum total premium without prior approval	$1,000,000
Maximum additional premium	up to applicable IRA limits each calendar year plus permissible transfers and rollovers

Because the initial premium must be $25,000 or more, the contract can only be purchased by transfer or rollover from an existing IRA or from certain other qualified plans, such as a 401(k) or a 403(b) plan. You can make additional premium payments at any time before age 81, or earlier if limited by the Tax Code. For example, you cannot contribute new premiums other than transfers and rollovers to a traditional IRA for the calendar year in which you reach age 70½, and thereafter. We may issue the contract for less than the minimum initial premium if we receive an application that indicates the total amount of a rollover from multiple sources will reach the minimum initial premium amount. We may also issue the contract for up to 10% less than the minimum initial premium indicated above.

You must determine whether any premium qualifies as a permissible contribution subject to favorable tax treatment under the Tax Code. You must also determine whether such amount qualifies as a permissible transfer or rollover contribution under the Tax Code. For example, you cannot roll over from a SIMPLE IRA during the first two years of participation in the SIMPLE IRA and you cannot roll over after-tax contributions that are included in the other plans. You cannot roll over distributions that are part of a series of substantially equal payments made over your life expectancy, distributions made for a specified period of 10 years or more, RMD distributions or hardship distribution. For more information about limitations, see Part 8, section titled “Rollovers and Transfers.”

If you transfer or roll over money into this contract in the calendar year on or after you reach age 70½, you must take your RMD for the current calendar year before you purchase this contract.

We may refuse additional premiums if: (1) you have allocated some or all of the premium to an Investment Option, to which we are no longer accepting additional premiums; (2) the additional premium does not meet our minimum additional premium amount or exceeds our maximum premium amount for the annuity contract or for a specific Investment Option; (3) the total premiums paid under all annuity contracts issued by us, or our affiliates, on your life exceed $1,000,000; (4) we believe that the additional premium is being made by or on behalf of an institutional investor; or (5) for any reason allowed by law. You cannot purchase this contract with a rollover or transfer of death benefits from another annuity.

Your premiums are invested in the Investment Options you select. Each premium is credited as of the date we receive the premium in Good Order at our Administrative Office, except that additional time is allowed for the application of the initial premium under Rule 22c-1 of the 1940 Act. Good Order means complete information we require to process your application or any request.

Initial premium allocated to the subaccounts will be priced at the unit value determined no later than two business days after receipt of a completed application (including all necessary related information).  If the application is not complete, we may retain the initial premium for up to five business days while attempting to complete it.  If the application is not completed within five business days, you will be informed of the reason for the delay.  The initial premium will be returned unless you specifically allow us to hold the premium until the application is completed.

Once received in Good Order, premiums allocated to Subaccounts are used to purchase Units at the Unit Value as of the next close of the New York Stock Exchange.

Each additional premium will be credited to your Subaccount under your stated allocation as of the date we have received the premium in Good Order at our Administrative Office. If you submit a different allocation, a 60-day waiting period will start before you can make a subsequent transfer or allocation change. See Part 5, section titled "Allocations and Transfers."

All premiums are deemed received when they are received in Good Order at our Administrative Office.

V2N-23

Units in Our Separate Account

Your investment in the Subaccounts is used to purchase Units. On any given day, the value you have in a Subaccount is the number of Units you own in that Subaccount multiplied by the Unit Value. The Units of each Subaccount have a different Unit Value.

Units are purchased when you contribute new premium to your contract or transfer amounts to a Subaccount. Units are redeemed (sold) when you make withdrawals or transfer amounts out of a Subaccount into a different Subaccount. We also redeem Units to pay the Death Benefit or if you elect an Annuity Option, or as permitted or required by law. The number of Units purchased or redeemed in any Subaccount is calculated by dividing the dollar amount of the transaction by the next computed Unit Value for that Subaccount, calculated as of the next close of business of the New York Stock Exchange.

Each Unit represents a fractional undivided interest in the assets held in the related Subaccount. If Units of any Subaccount are redeemed, the fractional undivided interest represented by each remaining Unit will be increased. If additional Units are issued by any Subaccount, the fractional undivided interest represented by each remaining Unit will be decreased. Units will remain outstanding until redeemed by a contract owner.

If we make a mistake in executing any purchase or redemption, we will reprocess any trades made in error and ensure that you receive the correct unit values. We will put you in the same position you otherwise would have been in. Depending on the change in Unit Values between the error and correction, we may experience a gain or loss as a result of the reprocessing.

The Unit Value of each Subaccount will fluctuate with the investment performance of the corresponding Fund, which reflects the investment income, realized and unrealized capital gains and losses of the Fund, and the Fund’s expenses.

How We Determine Unit Value

We determine the Unit Value for each Subaccount after the close of business of the New York Stock Exchange, which is normally 4 p.m. Eastern Time on each Business Day. To value your Subaccount Units invested in ETFs, we use the daily closing price of each ETF on its primary exchange. Note that the ETF shares may trade at a discount from the net asset value of the ETF. To value your Subaccount Units invested in the Fidelity Variable Insurance Products Government Money Market Portfolio, we use the daily net asset value provided by Fidelity for the VIP Government Money Market Portfolio. In addition to the Fund shares, the Subaccounts that invest in the ETFs also hold an accrual for any dividends or other distributions declared by the ETF, which will be reinvested in the ETF on the next Business Day after payment.

The Unit Value of each Subaccount for any Business Day is equal to the Unit Value for the previous Business Day, multiplied by the net investment factor for that Subaccount on the current Business Day. The net investment factor measures the investment performance of a Subaccount from one Business Day to the next.

We determine the net investment factor by dividing the net asset value of the Subaccount for that valuation period by the net asset value of the Subaccount for the preceding valuation period. We subtract from that result the daily equivalent of the annual separate account charges for each calendar day since the last day that a Unit Value was determined (for example, a Monday calculation will include charges for Saturday and Sunday).

Generally, this means that we adjust Unit Values to reflect the change in value of the Fund shares, for the separate account charges and, if elected, the GLWB Rider charge.

Allocations and Transfers

Only one investment allocation to the Subaccounts may be in place at any time on your contract. This allocation applies to your current investment, future premiums, and rebalancing. In addition to your one allocation to the Subaccounts, you may allocate some or all of your initial premium and additional new premium to the STO.

V2N-24

Transfers from the STO to the Subaccounts must be according to your one investment allocation to the Subaccounts.

You may reallocate all or part of your Account Value among the Subaccounts; however, each reallocation triggers a 60-day waiting period before you can make another allocation change. A transfer between or among Subaccounts is an “allocation change.”Here are the details:

• A 60-day waiting period applies after your initial allocation on the Contract Date. This means you must wait 60 days after the contract is issued before you make an allocation change.

• A 60-day waiting period applies after any voluntary allocation change. This means you must wait 60 days after the date you make an allocation change before you make another allocation change.

• The following allocation changes will not trigger the 60-day waiting period:

◦ automatic rebalancing;

◦ automatic transfers from the STO;

◦ reallocation as a result of any material change in a Fund or a Subaccount (see Part 2, section titled “Changes in How We Operate”);

◦ automatic transfers that take place upon cancellation of a GLWB Rider, unless you make additional voluntary allocation changes in connection with the GLWB Rider cancellation.

Allocations and transfers are restricted further if you have a GLWB Rider. See Part 6.

To request a reallocation, you may write to our Administrative Office at the address in the Glossary. Mail sent to any other address may not be in Good Order. You may also contact your sales representative to request a reallocation. Each request for a reallocation or transfer must specify:

• the contract number; and

• the Subaccounts and allocation percentages stated in whole percentages.

If one portion of a reallocation request involving multiple Subaccounts violates our policies or is not in Good Order, the entire request will not be processed. You will need to resubmit a request that is in Good Order for your reallocation to be processed.

You may also request a reallocation through our telephone transfer service using your personal identifiers. We will honor telephone instructions from any person who provides correct identifying information. We are not responsible for fraudulent telephone requests we believe to be genuine according to these procedures. Accordingly, you bear the risk of loss if unauthorized persons make reallocations on your behalf. Telephone reallocations may be requested from 9:00 a.m. to 5:00 p.m. Eastern Time, on any day we are open for business.

If we receive your request in Good Order at our Administrative Office before 4:00 p.m. Eastern Time (or the close of the New York Stock Exchange, if earlier) on a Business Day, you will receive the Unit Values for the Subaccounts as of the close of business on the day you call.

Requests received at our Administrative Office at or after 4:00 p.m. Eastern Time (or the close of the New York Stock Exchange, if earlier) on a Business Day, or received on a day other than a Business Day, will be processed using Unit Values as of the close of business on the next Business Day. We will confirm all reallocations in writing.

Detrimental Effect of Trading on Unit Values

This contract is intended for long-term investing only and is not intended as a vehicle for frequent trading. Reallocations (transfers) among Subaccounts are strictly limited under the terms of this contract. See Part 5, section titled "Allocations and Transfers." We may refuse any reallocation request for an owner or certain owners if we believe, in our sole discretion, that a specific request or group of requests may have a detrimental effect on Unit Values. We will notify you or your designated representative if your requested reallocation is not made.

V2N-25

Specific Notice Regarding the Use of this Annuity for Market Timing or Frequent Trading

This contract is not designed to serve as a vehicle for trading in response to short-term fluctuations in the market. You cannot engage in intra-day trading of the ETFs available through the Subaccounts. Any person that intends to engage in stale price arbitrage, utilize market timing practices or make frequent transfers for any reason should not purchase this contract.

If we determine, in our sole discretion, that a contract owner is attempting to engage in improper trading, we may revoke their same-day reallocation/transfer privileges and require their trades to be submitted via U.S. Mail or overnight delivery service. We may reverse transactions made in violation of our market timing policies. We may modify these restrictions at any time in our sole discretion.

Withdrawals

You may make withdrawals as often as you wish, subject to following rules:

• Each withdrawal must be at least $250.

• Your Account Value remaining after a partial withdrawal, including any withdrawal charge, must be at least $20,000. (Please note that you may fully surrender your contract at any time.) This rule does not apply to a withdrawal of your Free Withdrawal Amount, RMD, or if you have a GLWB Rider.

Unless you request a withdrawal from a specific Investment Option, we will take the withdrawal from your Investment Options, pro rata, in the same proportion their value bears to your total Account Value. For example, if your Account Value is divided in equal 25% portions among four Subaccounts, when you make a withdrawal, 25% of the Account Value will come from each of your four Subaccounts.

Withdrawals are processed when a request is received in Good Order at our Administrative Office. When you take a withdrawal from a Subaccount, Units are redeemed at the Unit Value as of the next close of the New York Stock Exchange.

The total amount deducted from your Account Value will be the withdrawal amount requested, plus any withdrawal charge that applies (see Part 4, section titled "Withdrawal Charge"). The amount you receive will be the amount you requested, less any applicable tax withholding. Withdrawals are handled differently if you elect a GLWB Rider. See Part 6.

Withdrawals are attributed to your Account Value in the following order: (1) any remaining Free Withdrawal Amount; (2) premiums that are no longer subject to a withdrawal charge and have not yet been withdrawn; (3) premiums subject to a withdrawal charge; and (4) any gain, interest, or other amount that is not considered a premium. Your investment comes out first, beginning with the oldest premium first, then next oldest and so on. Any gain or earnings in your contract come out only after an amount equal to all premiums, and any applicable charges on those premiums, are withdrawn. Please note, however, that for tax purposes, withdrawals are considered to be gain first. See Part 8.

Examples of withdrawals and the application of a withdrawal charge are located in Appendix B.

Additional restrictions apply to withdrawals if you have a GLWB Rider. See Part 6.

Your Death Benefit is reduced by withdrawals on a proportional basis. See Part 5, section titled "Death Benefit."

Most of the withdrawals you make before you are 59½ years old are subject to a 10% federal tax penalty. See Part 8.

Free Withdrawal Amount

You may take your Free Withdrawal Amount each Contract Year without paying a withdrawal charge. The Free Withdrawal Amount is the greater of:

• 10% of your Account Value on the date of the withdrawal, minus any partial withdrawals taken during the current Contract Year; or

V2N-26

• 10% of your Account Value at your most recent Contract Anniversary, minus any partial withdrawals taken during the current Contract Year. (During your first Contract Year, this amount is 10% of your initial premium received on the Contract Date.)

If your RMD (based on the fair market value of this contract only as calculated by us) is greater than your Free Withdrawal Amount, we will allow you to take the RMD as your Free Withdrawal Amount, but only once each Contract Year. Because your RMD is based on a calendar year, you should plan in advance to coordinate your RMD with your available Free Withdrawal Amount.

If you do not take the Free Withdrawal Amount in any one Contract Year, you cannot add it, or any unused portion of it, to the next year’s Free Withdrawal Amount.

The Free Withdrawal Amount does not apply to a full surrender. Taking your Free Withdrawal Amount will not reduce the total withdrawal charge applicable to your premium. If you take a subsequent withdrawal for more than the Free Withdrawal Amount or if you surrender the contract, we will assess any applicable withdrawal charge on the amount of your premiums withdrawn, which are not reduced for any Free Withdrawal Amount you have taken.

The Free Withdrawal Amount is available for withdrawal only. The Free Withdrawal Amount is not available for transfer to another IRA or other qualified contract or account.

Timing of Payment of a Withdrawal or Surrender

We normally send you partial or full withdrawals (or apply your Account Value to the purchase of an Annuity Option) within seven days after receipt of the required form at our Administrative Office. However, we can defer our action for any period during which:

(1) the New York Stock Exchange has been closed, other than a weekend or holiday, or trading on it is restricted;

(2) an emergency exists as determined by the SEC so that disposal of securities is not reasonably practicable or it is not reasonably practicable for the Separate Account fairly to determine the value of its net assets; or

(3) the SEC, by order, permits us to defer action in order to protect persons with interests in the Separate Account.

Assignments

This contract is an IRA and you are not legally permitted to assign, pledge or otherwise transfer the contract. Pledging or assigning an IRA can cause loss of qualified status and result in some or all of the Account Value being included in your income. A 10% federal tax penalty also may apply.

Death Benefit

We will pay the Death Benefit to your properly designated beneficiary if you die before the Annuity Date.

The Death Benefit amount will be the greater of:

1. the Account Value on the Death Benefit Date; and

2. your total premiums minus proportionate adjustments for partial withdrawals, including any withdrawal charge. A proportional adjustment means that your Death Benefit will be reduced by the same percentage as your withdrawal bears to your Account Value at the time of withdrawal.

Example of the effect of withdrawals on the Death Benefit:

• if your Death Benefit is $100,000 and your current Account Value is $80,000,

• and you take a withdrawal of $10,000,

• we will reduce your Death Benefit by 12.5% because that is the same percentage that your withdrawal bears to the Account Value at the time of the withdrawal

($10,000 / $80,000);

• therefore, your Death Benefit is reduced by $12,500.

V2N-27

Because the Account Value at the time of the withdrawal in this example is less than the Death Benefit, the Death Benefit is decreased by a larger dollar amount than the partial withdrawal amount.

This example is for illustrative purposes only and does not predict results.

Your beneficiary generally has a choice of how to receive the Death Benefit.

1. The beneficiary may take a lump sum. If the beneficiary elects this option, we will pay the Death Benefit to the beneficiary.

2. The beneficiary may defer for up to five years. If the beneficiary elects this option, we will allow the beneficiary to keep the Death Benefit invested in the available Subaccounts for a period of up to five years. Separate account charges will continue to apply. At the end of five years, the entire amount must be paid to the beneficiary.

3. The beneficiary may treat the contractas an inherited IRA. If the beneficiary elects this option, we will allow the beneficiary to keep the Death Benefit amount invested in the available Subaccounts. Separate account charges will continue to apply. The beneficiary must choose to receive the Death Benefit as either:

a) an immediate annuity with a life contingency; or

b) substantially equal payments over his or her life expectancy as defined by the Tax Code. The beneficiary may choose the longer of his or her life expectancy or the deceased owner’s life expectancy (both as defined by the Tax Code) if the owner dies after the Required Beginning Date. (For Roth IRAs, the owner is presumed to have died before the Required Beginning Date.)

Distributions must begin by December 31 of the calendar year after the owner’s death; however if the beneficiary is your spouse and has elected this option, distributions may begin at the end of the calendar year in which the owner would have reached age 70½, if later. A spouse also may elect to continue the contract as described below in the section titled “Spousal Continuation.” If the beneficiary fails to make an election within a reasonable time, we may automatically process the claim as if option two were elected.

The following restrictions apply to the inherited IRA contract: (i) the inherited IRA owner may not add premium to the contract; (ii) the Death Benefit available to the beneficiary of the inherited IRA owner is the Account Value on the Death Benefit Date after the death of the inherited IRA owner; and (iii) the beneficiary of the inherited IRA owner will be required to receive the remaining Account Value either in a lump sum, over five years or over the life expectancy of the inherited IRA owner as determined by the Tax Code.

For more information on inherited IRAs, see Part 8, section titled “Inherited IRAs” and IRS Publication 590. You should seek independent tax advice.

If your beneficiary is not a human being, the beneficiary must elect either a lump sum or deferral for up to five years. If the owner is a trust, custodian or other entity, the owner must name itself as the sole beneficiary.

Spousal Continuation

If your sole primary beneficiary is your spouse, the contract may be continued in your spouse’s name as the owner.If spousal continuation is elected, we will increase the continued contract’s Account Value to the same amount that would have been paid to your surviving spouse had he or she taken the Death Benefit as a lump sum distribution. This increase will be added to the Subaccounts you have selected on a pro rata basis. For example, if the Account Value at death was $100,000, but we would have paid out a Death Benefit of $115,000, the surviving spouse’s contract will continue with $115,000 as the Account Value.

All terms and conditions of the contract continue to apply including the withdrawal charge. When the surviving spouse dies, the Death Benefit will be paid to the beneficiary named by the surviving spouse.

V2N-28

A same-sex surviving spouse is recognized as your spouse under the Tax Code and will qualify for the federal tax advantages of spousal continuation.

The survivor of a civil union or domestic partnership is not recognized as your spouse under the Tax Code and the federal tax advantages of spousal continuation are not available. The survivor of a civil union or domestic partnership may elect to continue the contract under its terms. The continuation of the contract by such surviving civil union or domestic partner, however, is treated as an ordinary transfer of ownership and will be a taxable event.

Selecting and Changing Your Beneficiary

You may name one or more beneficiaries as primary or contingent beneficiaries. The Death Benefit will be paid to your primary beneficiaries who are alive at the time of your death. If no primary beneficiary survives your death, then the Death Benefit will be paid to your contingent beneficiaries, if any. If no beneficiary survives your death (primary or contingent) or none has been named, the Death Benefit will be paid to your estate.

If multiple beneficiaries in either category (primary or contingent) are named, the Death Benefit will be split into equal shares among the beneficiaries in that category who are alive at the time of your death, unless you specify otherwise in your beneficiary designation.

If you die on or after the Annuity Date and before the entire interest in the contract has been distributed, then the rest of the annuity must be distributed to the beneficiary at least as quickly as the method in effect when you died.

You may change any beneficiary by sending the appropriate form in Good Order to the Administrative Office. We may limit the number of beneficiaries you can have at one time. Please consult your financial professional and tax advisor to properly identify your beneficiaries so that the Death Benefit is paid as you intend. Please be sure to name your spouse as your sole primary beneficiary so that spousal continuation of the contract can occur, if that is your intention. You may wish to name a contingent beneficiary in case your spouse dies before you. If the owner is a custodian, the owner must name itself as the sole beneficiary.

Filing Death Claims

To file a death claim, the beneficiary must promptly submit an original certified death certificate and company death claim paperwork that is in Good Order, including the beneficiary's election of how they wish to receive the Death Benefit proceeds. On the date we first receive notice of the owner’s death, we will stop all pending automatic transactions including rebalancing and systematic withdrawals; however, any money in the STO will be transferred to the Subaccounts according to the owner’s allocation.

During the period from the date of death until we receive all required paperwork in Good Order, the Account Value will remain invested in the Subaccounts as allocated by you at the time of your death. As a result, the Account Value continues to reflect the investment performance of the Subaccounts during this period and will be subject to market fluctuations. Separate account charges will continue to apply.

If there are multiple beneficiaries, after one beneficiary submits death claim paperwork, the Death Benefit will be calculated and the first beneficiary will receive payment according to his or her election. The remaining beneficiaries’ share of the Death Benefit will be invested in the Subaccounts as allocated by you at the time of your death and subject to market fluctuations.

Maturity Date and Annuity Option

Your Annuity Option is available anytime on or after your first Contract Anniversary until the Maturity Date. You may elect your Annuity Option by writing to the Administrative Office any time on or after your first Contract Anniversary and before the Maturity Date. Upon the Maturity Date, you may elect to receive a lump sum of your Account Value, or you may elect an Annuity Option.

An Annuity Option can provide for fixed payments, which may be made monthly, quarterly, semi-annually or annually. For any annuity, the minimum payment must be at least $100. If the minimum monthly payment under a

V2N-29

guaranteed Annuity Option would be less than $20, we will pay you a lump sum of your Account Value instead. All Annuity Options are funded through our General Account.

The amount applied toward the purchase of a guaranteed Annuity Option under the contract will be the Account Value less any premium tax. The guaranteed Annuity Options are single life and ten years certain or joint life and ten years certain. These options provide a fixed life income annuity with 10 years of payments guaranteed.

We will also use the Account Value less any premium tax to determine your annuity payments if you select a non-guaranteed Annuity Option with either (i) life contingencies, or (ii) a period certain that provides for fixed payments over ten or more years. If you select any other nonguaranteed Annuity Option, the amount applied to determine your annuity payments will be the Surrender Value, or if this Contract is issued in New York, the amount applied to determine your annuity payments under (ii) above will be the greater of the Surrender Value or 95% of your Account Value.

We currently offer additional Annuity Options listed below; however, we may eliminate or change the non- guaranteed options available at any time:

• period-certain annuity, which provides for fixed payments for a fixed period. The fixed periods available may vary from time to time and the fixed period selected may not extend past your life expectancy. The amount is determined by the period you select. If the Annuitant dies before the end of the period selected, the beneficiary will receive the remaining periodic payments.

• period-certain life annuity, whichprovides for fixed payments for at least the period selected and after that for the life of the Annuitant or the lives of the Annuitant and any joint Annuitant under a joint and survivor annuity. The fixed periods available may vary from time to time . If the Annuitant (or the Annuitant and the joint Annuitant under a joint and survivor annuity) dies before the fixed period selected ends, the remaining payments in the fixed period will go to the beneficiary.

• life only annuity, which provides fixed payments for the life of the Annuitant, or until the Annuitant and joint Annuitant both die under a joint and survivor annuity. Once the Annuitant (or last joint Annuitant) dies, no further payments will be made and no value remains for any beneficiaries.

If you have not already selected a form of Annuity Option, we will contact you prior to your Maturity Date. You can tell us at that time if you would like a lump sum payment, or select the type of annuity you want. If we do not receive your election on or before your Maturity Date, you will automatically receive the single life and ten-year certain Annuity Option guaranteed under the contract.

Annuity Payments

Once payments begin under an Annuity Option, payments will not change. The size of payments will depend on the amount applied to the Annuity Option, the form of Annuity Option you chose and, in the case of an Annuity Option with life contingencies, on the Annuitant's age and sex (where permissible).

If the age or sex of an Annuitant has been misstated, you will receive the benefits that would have been purchased at the correct age and gender. Any overpayments or underpayments made by us will not be charged or credited with interest, unless required by your state. If we have made overpayments because of incorrect information about age or gender, we will deduct the overpayment from the next payment or payments due. We add underpayments to the next payment.

How You Make Requests and Give Instructions

When you write to our Administrative Office, use the address listed in the Glossary of this prospectus. We cannot honor your requests unless they are in proper and complete form. Whenever possible, use one of our printed forms, which may be obtained from our Administrative Office.

Abandoned or Unclaimed Property

Every state has laws that generally provide for payment to the state of unclaimed property, including proceeds of annuity contracts, under various circumstances.  This is called escheatment.  In addition to the state unclaimed

V2N-30

property laws, we may be required to escheat property pursuant to regulatory demand, finding, agreement or settlement. To help prevent escheatment, it is important that you keep your contact information on file with us up to date, including the names, addresses, phone numbers, social security numbers and dates of birth for owners, annuitants, beneficiaries and other payees.  Such updates must be communicated in Good Order to our Administrative Office.

Part 6 – Optional Benefits

You may purchase one of the optional GLWB Riders offered with this contract, which provides additional benefits for an additional charge. You may only elect a Rider at the time of application. Benefits under a Rider will replace or supplement the standard contract benefits. Charges for an optional benefit Rider are in addition to the standard contract charges. Be sure you understand the charges. Carefully consider whether you need the benefit and whether it is appropriate for your particular circumstances. Also consider whether you can buy the benefit more cheaply as part of the variable annuity or with a separate contract.

Guaranteed Lifetime Withdrawal Benefit

Each Guaranteed Lifetime Withdrawal Benefit (GLWB) is an optional Rider you may purchase for an additional charge. You may select the Individual GLWB Rider or the Spousal GLWB Rider.

The GLWB Rider guarantees lifetime payments for you (or you and your covered spouse if you elect the Spousal GLWB Rider) regardless of how your investments perform, as long as the Rider is in effect. You are the covered person under the Individual GLWB Rider. You and your spouse are the covered persons under the Spousal GLWB Rider. If you take Nonguaranteed Withdrawals, as explained below, your Benefit Base will decrease immediately, your lifetime payments may decrease and the Rider may terminate.

Lifetime Payout Amount (LPA)

The LPA is the amount we guarantee you can receive each calendar year for your lifetime (or for as long as either you or your covered spouse is alive if you elect the Spousal GLWB Rider). You are eligible to begin receiving your LPA on the LPA Eligibility Date.

For the Individual GLWB Rider, the LPA Eligibility Date is the earlier of the following:

• January 1^st after the calendar year in which you turn age 60 (if you turn age 60 on January 1^st, your LPA will be available beginning on that day); or

• the Contract Date, if you are age 60 or older at the time you purchase your contract. The LPA available during the calendar year in which you purchase your contract will be prorated for the portion of the calendar year remaining.

For the Spousal GLWB Rider, the LPA Eligibility Date is the earlier of the following:

• January 1^st after the calendar year in which the younger of you or your spouse turns age 60 (if the younger of you or your spouse turns age 60 on January 1^st, your LPA will be available beginning on that day); or

• the Contract Date, if the younger of you or your spouse is age 60 or older at the time you purchase your contract. The LPA available during the calendar year in which you purchase your contract will be prorated for the portion of the calendar year remaining.

The LPA is equal to the applicable Withdrawal Percentage multiplied by the Benefit Base on January 1^st each year on or after the LPA Eligibility Date. For the Spousal GLWB Rider, that amount is then multiplied by 90% (this 90% is called the Spousal Factor).

Withdrawal Percentage - The applicable Withdrawal Percentage is determined by the following formula:

A + B + C, where:

(A) is the Age Based Percentage stated on the chart below:

V2N-31

Age*	Age Based Percentage
60-64	4.00%
65-69	4.50%
70-74	5.00%
75 +	5.50%

*The Age Based Percentage is determined by your age (or the age of the younger of you or your spouse if you have elected the Spousal GLWB Rider). The Age Based Percentage is locked in on the date of the first withdrawal from the contract on or after the LPA Eligibility Date.

(B) is the cumulative Deferral Percentage. The cumulative Deferral Percentage begins at zero and increases by 0.10% for each complete calendar year that you do not take a withdrawal.

(C) is a First Year Deferral Percentage stated on the chart below:

Contract Date	First Year Deferral Percentage
January 1-March 31	0.075%
April 1-June 30	0.050%
July 1-September 30	0.025%
October 1-December 31	0.000%

The First Year Deferral Percentage is a one time addition to your Withdrawal Percentage that varies based on your Contract Date, provided you do not take a withdrawal in the calendar year containing the Contract Date.

Benefit Base - Your initial Benefit Base is equal to your initial premium received by us on the Contract Date. Your Benefit Base will be adjusted as follows:

1. On each Contract Anniversary, your Benefit Base will be compared to your Account Value and if the Account Value is greater than the Benefit Base, we will step up your Benefit Base to equal the Account Value.

2. If you take a Nonguaranteed Withdrawal, we will immediately decrease your Benefit Base as described in the section titled “Nonguaranteed Withdrawal” below.

3. On the date we receive an additional premium during the first Contract Year, we will immediately increase your Benefit Base by the amount of the additional premium. Additional premiums received after the first Contract Year will not increase your Benefit Base. They will, however, increase the Account Value, which is used to determine if a step up applies on the next Contract Anniversary.

The Benefit Base is used only to measure the LPA and is not available for withdrawal or payable as a death benefit.

If you (or the younger of you and your spouse if you have elected the Spousal GLWB Rider) have reached the LPA Eligibility Date on the Contract Date, your LPA for the calendar year that contains the Contract Date will be prorated for the portion of the calendar year remaining. The factor used to prorate the LPA is the number of days remaining in the calendar year (not including the Contract Date) divided by the number of days in the calendar year.

If you withdraw less than the LPA in any calendar year, you cannot carry over or add the remaining LPA to withdrawals made in future years.

If your RMD is greater than the LPA for any calendar year, the RMD will be the LPA for that calendar year.

Nonguaranteed Withdrawal

Before your LPA Eligibility Date, a Nonguaranteed Withdrawalis the total amount of any withdrawal, including any withdrawal charge.

On or After your LPA Eligibility Date, a Nonguaranteed Withdrawal is all or a portion of any withdrawal, including any withdrawal charge, that, when combined with your total withdrawals for that calendar year, exceeds your LPA.

V2N-32

If you take a Nonguaranteed Withdrawal, your Benefit Base will immediately decrease by the adjusted Nonguaranteed Withdrawal amount. The adjusted Nonguaranteed Withdrawal amount is defined as the Nonguaranteed Withdrawal amount multiplied by the greater of 1.0 and the ratio of Benefit Base to Account Value (Benefit Base divided by Account Value), where both values are determined immediately before the Nonguaranteed Withdrawal. The Account Value immediately before the Nonguaranteed Withdrawal means that the Account Value will be reduced by any remaining LPA prior to the calculation.

Taking Nonguaranteed Withdrawals could reduce your future benefits by more than the dollar amount of the Nonguaranteed Withdrawals.

The example below demonstrates how a Nonguaranteed Withdrawal affects the Benefit Base, using the following assumptions:

• Individual GLWB in effect

• Benefit Base = $100,000

• Account Value = $85,000

• LPA = $5,000

• One withdrawal is taken during the calendar year = $7,000

• Withdrawal taken after LPA Eligibility Date

• No withdrawal charge applies.

The Nonguaranteed Withdrawal amount is $2,000, which is equal to your total calendar year withdrawals ($7,000) minus your LPA ($5,000). The adjusted Nonguaranteed Withdrawal is $2,500:

$2,500 = $2,000 (Nonguaranteed Withdrawal amount) x the greater of 1.0 or [$100,000 (Benefit Base immediately before the Nonguaranteed Withdrawal) / $80,000 (Account Value immediately before the Nonguaranteed Withdrawal)]

Your Benefit Base will be reduced by $2,500 to $97,500.

This example is for illustrative purposes only and does not predict results.

Other Important Facts about Withdrawals

• You will not receive the intended benefit of this Rider if you take Nonguaranteed Withdrawals. Nonguaranteed Withdrawals can have a significant negative effect on your Benefit Base and your LPA .

• A withdrawal charge may apply. If you withdraw more than your Free Withdrawal Amount (10% of the Account Value in any Contract Year) but the withdrawal does not exceed your LPA, any applicable withdrawal charge will be waived. If you withdraw more than the Free Withdrawal Amount and any portion of the withdrawal is a Nonguaranteed Withdrawal, a withdrawal charge, if any, will be applied on the entire amount that is greater than the Free Withdrawal Amount. See Part 4, “Withdrawal Charge” and Part 5, “Withdrawals." Following is an example of how a withdrawal charge may apply:

Assume:

Individual GLWB in effect

Premium:                        $40,000

Account Value before withdrawal:            $18,000

Withdrawal charge percentage applicable to premium:    6%

Lifetime Payment Amount:                $2,000

Case 1: Owner requests withdrawal of $2,000 (LPA)

The Free Withdrawal Amount is calculated as $18,000 x 10% = $1,800. The $2,000 requested withdrawal is greater than the remaining Free Withdrawal Amount; however, it does not exceed the LPA. No withdrawal charge will apply.

V2N-33

Case 2: Owner requests withdrawal of $2,500

The Free Withdrawal Amount is $1,800. Since the requested withdrawal exceeds the LPA, withdrawal charges will apply. After applying the withdrawal first to the Free Withdrawal Amount, this leaves $700 ($2,500 - $1,800), which will be subject to a withdrawal charge of $42 ($700 x 6%).

• Withdrawals must be taken pro rata from your Investment Options. You cannot make a withdrawal from specific Investment Options.

• You may not take a withdrawal on your Contract Date.

• If you request a withdrawal, we will withdraw the total amount you requested from your Account Value, however the amount you receive will be net of tax withholding and withdrawal charge, if applicable.

• You must use our withdrawal form to request withdrawals. Contact our Administrative Office to obtain the form.

GLWB Rider Charge

The GLWB Rider charge is a daily charge taken from the Account Value in your Subaccounts. The charge is in addition to the separate account charges for the contract and reduces your Unit Values. The charge varies depending on which GLWB Investment Strategy you choose. The following table shows the effective annual rates for the Rider charge:

GLWB Investment Strategy	Current GLWB Charge	Current GLWB Charge with Total Separate Account Expenses
Strategy 1 – Basic Allocation	0.65%	2.55%
Strategy 2 – Self Style Allocation	0.85%	2.75%

We may increase the annual charge for the GLWB Rider up to the maximum of 1.50%. The maximum GLWB charge plus total separate account charges would be 3.40% for either GLWB Investment Strategy.

If we do increase the charge, we will give you prior written notice of each increase. If you do not wish to accept an increase, you may elect to either

• cancel the Rider; or

• continue the Rider with a reduction in the Withdrawal Percentage as determined by us, effective at the time of the Rider charge increase. The maximum reduction in the Withdrawal Percentage is 1.00%, regardless of the number of Rider charge increases.

We do not deduct the Rider charge during the Guaranteed Payment Phase.

The GLWB Rider charge is the same for the Individual GLWB Rider and the Spousal GLWB Rider. The LPA is adjusted downward – by the Spousal Factor of 90% – for the Spousal GLWB Rider instead of an additional charge.

GLWB Investment Strategies

If you purchase the GLWB Rider, you must allocate your premium to only one of the two GLWB Investment Strategies described below. Once you select a GLWB Investment Strategy, you cannot switch to another GLWB Investment Strategy. As a result of the GLWB Rider investment restrictions, you will always have some degree of exposure to the market. You cannot eliminate this exposure even during periods of market volatility. These GLWB Investment Strategies are designed for long-term investors seeking withdrawal guarantees. (Note that the Subaccounts available in the GLWB Investment Strategies are also available without the Rider.)

The GLWB Investment Strategies are intended in part to reduce the risk of investment losses that could require us to use our own assets to make payments under the GLWB Rider. The GLWB Investment Strategies are designed to lower the volatility of returns from your Subaccounts. Subaccounts that are available without limitation (if the GLWB Rider is not selected) may offer the potential for higher returns. Before you select the GLWB Rider, you and your financial representative should carefully consider whether the GLWB Investment Strategies available with the Rider meet your investment objectives and risk tolerance.

V2N-34

GLWB InvestmentStrategy 1– Basic Allocation

You must allocate your premium according to one of the three models: Blend, Growth or Value. You may reallocate from one model to another, as discussed below.

Subaccount	Model 1 - Growth	Model 2 - Blend	Model 3 - Value
iShares Core S&P 500 ETF	30%	40%	30%
iShares Core S&P Mid-Cap ETF	10%	10%	10%
iShares Core S&P Small-Cap ETF	5%	5%	5%
iShares International Treasury Bond ETF	5%	5%	5%
iShares S&P 500 Growth ETF	10%
iShares S&P 500 Value ETF			10%
Vanguard Developed Markets IndexFund, ETF Shares	5%	5%	5%
Vanguard Total Bond Market Index Fund, ETF Shares	35%	35%	35%

GLWB InvestmentStrategy 2 – Self Style Allocation

You may select one or more of the Subaccounts in two or more groups, as long as your allocations add up to 100% and are within the minimum and maximum allocation percentages indicated for each group.

Group 1 Core Fixed Income Minimum 35% Maximum 65%	Group 2 Core Equity Minimum 35% Maximum 65%	Group 3 Non-Core Fixed Income Minimum 0% Maximum 30%	Group 4 Non-Core Equity Minimum 0% Maximum 30%	Group 5 International/Alternative Minimum 0% Maximum 15%
iShares Core U.S. Aggregate Bond ETF	iShares Core S&P 500 ETF	iShares iBoxx $ High Yield Corporate Bond ETF	iShares Core S&P Mid-Cap ETF	iShares International Treasury Bond ETF
iShares Intermediate Credit Bond ETF	Vanguard Dividend Appreciation Index Fund, ETF Shares	iShares TIPS Bond ETF	iShares Core S&P Small-Cap ETF	Vanguard Developed Markets Index Fund, ETF Shares
Vanguard Total Bond Market Index Fund, ETF Shares	Vanguard Large-Cap Index Fund, ETF Shares	Vanguard Intermediate-Term Corporate Bond Index Fund, ETF Shares	iShares S&P 500 Growth ETF	Vanguard Emerging Markets Stock Index Fund, ETF Shares
		Vanguard Short-Term Bond Index Fund, ETF Shares	iShares S&P 500 Value ETF	Vanguard REIT Index Fund, ETF Shares
		Fidelity VIP Money Market Portfolio	Vanguard Mega Cap Index Fund, ETF Shares

For more information about these Subaccounts, including information relating to their investment objectives and policies, and the risks of investing, see Part 3, as well as the Fund prospectuses. You can obtain a copy of the Fund prospectuses by contacting our Administrative Office listed in the Glossary. You should read the Fund prospectuses carefully before investing.

In addition to your allocation to one of the two GLWB Investment Strategies, you may invest some or all of your initial premium received by us on the Contract Date in the STO. Transfers from the STO to the Subaccounts must be according to GLWB Investment Strategy and allocation you have selected. See Part 3, section titled “The Fixed Account” for more information about the STO.

Subject to required approvals by federal and state authorities, we may add, remove, change, close, substitute or limit investment in the GLWB Investment Strategies or the Subaccounts at any time.

V2N-35

Allocations and Transfers for the GLWB

In addition to the allocation and transfer rules under the contract (See Part 5, section titled "Allocations and Transfers"), the following additional rules andlimitations apply to your allocations and transfers:

• Your one allocation allowed on the contract must meet the requirements of one of the two GLWB Investment Strategies.

• Your Account Value will be automatically rebalanced to your allocation percentages each contract quarter.

• You cannot move from one GLWB Investment Strategy to another.

• In GLWB Investment Strategy 1, you can reallocate your Account Value invested in one model to another model. The reallocation will reset your Account Value to the required percentages for the new model. Each reallocation triggers the 60-day waiting period before you can make another reallocation.

• In GLWB Investment Strategy 2, you can reallocate your Account Value invested in Strategy 2 as long as your new allocation is within the minimum and maximum allocation percentages for each group. Each reallocation triggers the 60-day waiting period before you can make another reallocation.

Your financial professional or a third party may offer you asset allocation or investment advisory services related to this annuity contract or Rider for an additional fee to be deducted from your contract. Such fees are considered withdrawals and could cause a Nonguaranteed Withdrawal. Therefore, if you purchase a GLWB Rider, we do not recommend using this annuity contract to pay for such services.

Withdrawal Protection for Required Minimum Distributions

If your contract is a traditional IRA or a SEP IRA, you may be required to withdraw money in order to satisfy IRS minimum distribution requirements after you reach age 70½.

We will calculate the RMD for this annuity contract based on its prior calendar year-end fair market value. We do not consider your other assets or distributions in making this calculation. This is the RMD protected under the GLWB Riders, except if you elect the spousal Rider, and your spouse is more than 10 years younger than you. In that case, due to your age difference, you will be required to take your RMD for this annuity contract before the LPA Eligibility Date; if you take your RMD from this contract’s Account Value, each withdrawal will be a Nonguaranteed Withdrawal until the LPA Eligibility Date is reached. You are solely responsible for meeting all requirements of the Tax Code.

After the LPA Eligibility Date, you may take the greater of your LPA or your RMD each calendar year. In the year you turn 70½ the Tax Code provides that you may take your first RMD prior to April 1st of the following calendar year; however, with a GLWB Rider, you must take your first annual RMD in the calendar year you turn age 70½ in order to avoid a potential Nonguaranteed Withdrawal.

We may make any changes we deem necessary to comply with the tax laws. We are not liable for any tax consequences you incur arising from this contract or your obligations under the Tax Code. You should discuss these matters with your tax advisor prior to electing a GLWB Rider.

Continuation of the Spousal GLWB at Owner’s Death

Married spouses – If your covered spouse is recognized under the Tax Code, including same-sex spouses, he or she will have the option to continue the contract and the GLWB Rider at the time of your death. Your covered spouse will become the owner and annuitant of the contract and all terms and conditions of the contract continue to apply. See Part 5, section titled “Spousal Continuation.”

Civil Union or Domestic Partners – for civil union or domestic partners as defined by state law, the covered partner may continue to receive the LPA under the terms of the Rider. Due to federal tax laws, however, not all terms of the contract can be applied. If the covered partner wishes to continue receiving the LPA, he or she must elect to treat the contract as an inherited IRA. See Part 5, section titled “Death Benefit.” All provisions of the contract and the GLWB Rider still apply, except (i) the covered partner must take at least the RMD each calendar year (caution: this may cause a Nonguaranteed Withdrawal if the LPA Eligibility Date has not been reached); (ii) the covered partner cannot add premium to the contract; (iii) the Death Benefit available to the beneficiary of the covered partner is limited to the Account Value on the Death Benefit Date; and (iv) the beneficiary of the covered partner will be

V2N-36

required to receive the remaining Account Value either in a lump sum, over five years or over the life expectancy of the covered partner as determined by the Tax Code. These restrictions are required by the Tax Code.

Guaranteed Payment Phase

The Guaranteed Payment Phase begins on or after the LPA Eligibility Date if either:

• Before the Maturity Date, the Account Value reduces to zero (other than as a result of a Nonguaranteed Withdrawal or the voluntary election of an Annuity Option).

• On the Maturity Date, you elect to continue to receive annual payments equal to the then current LPA through a life only Annuity Option (or joint life if you have elected the Spousal GLWB Rider and both you and your covered spouse are still living.) If you do not elect the LPA Annuity Option, you will automatically receive a single life and 10-year certain Annuity Option under your Contract.

When the contract begins the Guaranteed Payment Phase, we will send you a written notice and any remaining LPA that you have not taken during the current calendar year. (If your contract enters the Guaranteed Payment Phase on the Maturity Date, we will set your Account Value to zero.) Beginning the next calendar year, and in each calendar year during the Guaranteed Payment Phase, you will receive your LPA. The Guaranteed Payment Phase will continue until the death of the owner (or owner and covered spouse if the Spousal GLWB is elected).

Once the Guaranteed Payment Phase begins, all other rights, benefits, values and charges under the contract and the GLWB Rider will terminate, except those described in this section and in the "Cancellation and Termination of Rider" section below. The Guaranteed Payment Phase will end if the Rider terminates. See "Cancellation and Termination of Rider" section below. We should be notified immediately upon the death of the owner (or covered spouse if the Spousal GLWB is elected).

Cancellation and Termination of Rider

You may cancel the Rider during the first 45 days of each Contract Year beginning on the fifth Contract Anniversary. Upon termination of the Rider, the Rider charge will no longer be assessed. All other charges will remain in effect.

This Rider will terminate automatically on the earliest of the following dates:

1. for the Individual GLWB Rider, the date you die, and for the Spousal GLWB Rider, the date the later of you or your covered spouse dies;

2. the date the Account Value equals zero due to a Nonguaranteed Withdrawal;

3. the date that ownership of the contract or Rider is transferred or the contract, Rider or any benefits under the contract or Rider are assigned unless: in New York, the new owner is a covered person; in New Hampshire and Vermont the new owner assumes full ownership of the contract and is essentially the same person as the current owner (e.g. a change to a court appointed guardian representing the owner during the owner’s lifetime) or the new owner is a covered person;

4. on the Maturity Date, unless you elect to receive your LPA through a life only Annuity Option, or joint life only Annuity Option if you have elected the Spousal GLWB Rider and your covered spouse is still living;

5. the date you voluntarily elect an Annuity Option under the contract;

6. the date you cancel the GLWB Rider; or

7. the date you surrender the contract.

Once cancelled or terminated, this Rider may not be reinstated.

Additional Rules

The following additional rules apply if you elect a GLWB Rider:

• You must be between 45 and 80 years old on the Contract Date in order to elect the Individual GLWB Rider. In order to elect the Spousal GLWB Rider, both you and your spouse must between 45 and 80 years old on the Contract Date.

• The Company may refuse to accept additional premiums on a nondiscriminatory basis at any time.

• We may require proof that you (or your covered spouse) are living at any time.

• You cannot switch from an Individual GLWB Rider to a Spousal GLWB Rider or vice versa.

V2N-37

• Income Plus Withdrawal Program is not available.

• Choices Plus Required Minimum Distribution Program is not available.

• Customized Asset Rebalancing Program is not available.

• Systematic withdrawal of RMD only is not available.

Additional Rules that Apply to the Spousal GLWB Rider

1. Only your legal spouse (as defined by applicable state law) on the Contract Date may be named as a covered person under the Spousal GLWB Rider.

2. You must name your spouse as your sole primary beneficiary.

3. You cannot add or change a spouse as a covered person.

4. If your marriage is terminated (such as by divorce or dissolution) or your spouse dies, your spouse is automatically removed as a covered person. If you subsequently remarry, you cannot add the new spouse.

5. You must provide us with notice of the divorce or termination of marriage.

6. Once the spouse is removed as a covered person, lifetime withdrawals under the Spousal GLWB Rider are no longer guaranteed for the lives of both you and your spouse. (If a spouse is removed, you can name a new beneficiary to receive the Death Benefit.)

7. If a spouse is removed and is no longer a covered person, the LPA Eligibility Date and the Age Based Percentage are still based on the younger of you or your (now removed) spouse.

8. If a spouse is removed and is no longer a covered person,the Spousal Factor of 90% will continue to apply to your LPA calculation.

Should You Purchase the GLWB Rider?

The addition of a GLWB Rider to your annuity contract may not be right for you. For example:

• if you are purchasing the GLWB Rider to meet income needs, you should consider whether an immediate annuity is better suited to your situation;

• if you do not expect to take withdrawals while this Rider is in effect, you do not need a GLWB Rider because the benefit is accessed through withdrawals; or

• if you are likely to need to take withdrawals prior to your LPA Eligibility Date or in an amount that is greater than the LPA or RMD for this contract only, you should carefully evaluate whether a GLWB Rider is appropriate, due to the negative effect of Nonguaranteed Withdrawals on your Benefit Base.

• If your spouse is 10 or more years younger than you, the Spousal GLWB Rider may not be suitable for you.

At older ages, benefits paid may not exceed the charges associated with the Rider depending on how long the covered person lives.

You should consult with your tax advisor and financial representatives and carefully consider your alternatives before deciding if a GLWB Rider is suitable for your needs.

Examples

Please see Appendix C for hypothetical examples that illustrate how the GLWB Riders work.

Part 7 – Voting Rights

How Fund Shares Are Voted

National Integrity Life is the legal owner of the Fund shares held by the Separate Account. As a shareholder, we have the right to vote on certain matters with respect to the Funds. Among other things, we may vote to elect the Fund’s Board of Directors, to ratify the selection of independent auditors, and on any other matters described in a current prospectus or statement of additional information for each Fund, or any matter requiring a vote by shareholders under the 1940 Act.

V2N-38

Whenever a shareholder vote is taken, we will give you the opportunity to tell us how to vote the number of shares attributable to the Units in your contract. We will send you proxy materials and a form for giving us voting instructions.

If we do not receive instructions in time from all contract owners, we will vote shares for which we have not received instructions in the same proportion as we vote shares for which we have received instructions. As a result of this proportional voting, the vote of a small number of contract owners may determine the outcome of a proposal. We may vote any shares that we are entitled to vote directly, because of amounts we have accumulated in our Separate Account, as we deem appropriate. If the federal securities laws or regulations or interpretations of them change so that we are permitted to vote shares in our own right or to restrict contract owner voting, we may do so.

Fund shares are sold to investors other than us. Therefore, the shares voted by all shareholders will dilute the effect of voting instructions received by us from our contract owners.

How We Determine Your Voting Shares

You vote only on matters concerning the Funds that correspond to the Subaccounts in which you are invested on the record date set by the Trust. We determine the number of shares you vote by dividing your Account Value in each Subaccount by the total value of assets in the Subaccount multiplied by the number of shares in the Subaccount.

Part 8 – Tax Aspects of the Contract

Tax Status of the Contract

This contract is only available as a traditional IRA, Roth IRA, or SEP IRA. If you were able to purchase this contract as other than an IRA, the contract would not satisfy the diversification requirements under federal tax law to be treated as an annuity contract for federal income tax purposes, and you would be currently taxed on your investment and gain.

Variable annuity contracts (other than certain pension and qualified retirement plan contracts, including IRAs) are generally not treated as annuities for federal income tax purposes, and thus lose their tax-deferred character, if they do not satisfy certain diversification requirements set forth in Section 817(h) of the Tax Code. Investing in the ETF shares that are "publicly available," i.e., that can be purchased directly without purchasing a variable annuity or life insurance contract, is incompatible with these requirements. Accordingly, standing alone, the contract would not be treated as an annuity contract for federal income tax purposes. However, we believe that an individual purchasing a contract as an IRA will not be taxed currently on the investment and gain.

Contracts that qualify as IRAs are not subject to restrictions against investing in publicly available investments if the contracts meet certain requirements set forth by the IRS. We believe this contract will meet those requirements, although there is no guarantee that this will be the case. If this contract is not maintained as an IRA, the taxes on the premiums and any gain will not be deferred (or for a Roth IRA, taxes on the gain will not be free from federal income tax) and the tax treatment will be uncertain.

Types of IRAs

Traditional IRAs

Section 408 of the Tax Code permits eligible individuals to contribute to an individual retirement program known as an IRA. An IRA can be in the form of a trust or custodial account or an annuity. An individual may make annual contributions to an IRA of up to the lesser of the limit specified in the Tax Code ($5,500 for 2014 and $5,500 plus cost of living adjustment in 2015 and beyond) or 100% of compensation includible in the individual's gross income. For an individual age 50 or older, the limit is increased by $1,000. The premiums may be deductible in whole or in part, depending on the individual's income and whether the individual or spouse participates in an employer sponsored retirement plan. Contribution limits set by the Tax Code are cumulative limits that apply to all traditional and Roth IRAs owned by an individual. Distributions from another IRA or certain eligible employer plans may be transferred or "rolled over" into an IRA on a tax-deferred basis without regard to these limits. Amounts in the IRA are taxed when distributed from the IRA at ordinary income tax rates. A 10% penalty tax (discussed below)

V2N-39

generally applies to distributions made before age 59½, subject to certain exceptions. IRAs have minimum distribution rules (also discussed below) that govern the timing and amount of required distributions from traditional IRAs.

SEP IRAs

Section 408 of the Tax Code permits SEP IRAs, which are a type of IRAs that allows employers to contribute to IRAs on behalf of their employees. Employer premiums made to an employee's SEP IRA cannot exceed the lesser of (1) 25% of the employee's compensation, and (2) a limit specified in the Tax Code ($52,000 for 2014). Distributions from SEP IRAs are subject to the same restrictions and rules that apply to IRA distributions.

Roth IRAs

Section 408A of the Tax Code permits certain eligible individuals to make non-deductible contributions to a Roth IRA in cash or as a rollover or transfer from another Roth IRA or other IRA. Only individuals with income below certain amounts specified in the Tax Code may contribute to a Roth IRA. An eligible individual may make annual contributions to a Roth IRA of up to the lesser of the limit specified in the Tax Code ($5,500 for 2014 and $5,500 plus cost of living adjustment in 2015 and beyond) or 100% of compensation includible in the individual's gross income. For an individual age 50 or older, the limit is increased by $1,000. Contribution limits set by the Tax Code are cumulative limits that apply to all traditional and Roth IRAs owned by an individual.A rollover from, or conversion of, an IRA to a Roth IRA is generally subject to tax on the full amount rolled over or converted.

You should consult a tax advisor before converting amounts to a Roth IRA or combining any converted amounts with any other Roth IRA contributions, including any other conversion amounts from other tax years.

Distributions from a Roth IRA generally are not taxed, except that, once aggregate distributions exceed premiums to the Roth IRA, income tax and a 10% penalty tax (discussed below) may apply to distributions made (1) before age 59 1/2 (subject to certain exceptions), or (2) during the five taxable years starting with the year in which the first contribution is made to any Roth IRA.

Rollovers and Transfers

In many circumstances you may move money tax-free from one IRA to another IRA or from certain other qualified plans, such as a 401(k) plan or 403(b) tax sheltered annuity, to an IRA by means of a direct rollover or a transfer. You may roll over, directly or indirectly, any eligible rollover distribution. An eligible rollover distribution is defined generally as any distribution of all or part of the balance from a qualified plan, except you cannot roll over the following taxable distributions from another plan:

• any distribution that is part of a series of substantially equal payments made over your life expectancy;

• any distribution made for a specified period of 10 years or more;

• any distribution that is an RMD; or

• any hardship distribution.

Also, you cannot roll over from a SIMPLE IRA during the first two years of participation in the SIMPLE IRA and you cannot roll over after-tax contribution that is included in the other plans.

You can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own. The limit will apply by aggregating all of an individual’s IRAs, including SEP and SIMPLE IRAs as well as traditional and Roth IRAs, effectively treating them as one IRA for purposes of the limit. Trustee-to-trustee transfers between IRAs are not limited. Rollovers from traditional to Roth IRAs (“conversions”) are not limited.

Tax laws are complex and your individual situation is unique. You should always consult a tax advisor before you move or attempt to move assets between any IRA or qualified plan and another qualified contract or plan.

V2N-40

Early Distributions

Premature distributions are subject to an additional penalty tax equal to 10% of the amount of any payment from your IRA that is includible in your income. This penalty is in addition to ordinary income tax. Amounts paid from your IRA before you reach 59½ are considered premature distributions unless:

1. the distribution is paid due to your death or disability;

2. the distribution is the result of an Internal Revenue Service levy on the IRA;

3. the distributions do not exceed your deductible medical expenses;

4. you have received unemployment compensation under a federal or state program for at least 12 consecutive weeks and the distributions do not exceed the amount paid for health insurance coverage for yourself, your spouse and your dependents;

5. a tax free rollover of the distribution is made;

6. the distribution is part of a series of level periodic payments made over your life expectancy or joint life expectancy of you and your beneficiary;

7. the distribution is used to cover certain qualified education expenses; or

8. the distribution is used to cover qualified first-time home purchase expense (up to a lifetime maximum of $10,000).

Required Minimum Distributions (RMD)

For traditional and SEP IRAs, RMDs generally must commence no later than April 1 of the calendar year following the calendar year in which the owner reaches age 70½. The distribution required by April 1 is the distribution required for the year in which the owner actually turns 70½ years old. You must take distributions for each calendar year after the year the owner turn age 70½ by December 31 of that year. The amount of the RMD is based on the prior year-end fair market value of your contract.

If your contract provides an additional benefit, such as the optional GLWB Rider, the fair market value of your contract may increase by the actuarial present value of the benefit. Therefore, the amount of the RMD you must take may increase.

If you have more than one IRA, the distributions required by the Tax Code for all IRAs in the aggregate may be met by taking distributions from one or more of your IRAs. Please note, however, that only the RMD as defined in the glossary (for this contract only one time each Contract Year) is protected from a withdrawal charge (see Part 5, section titled “Free Withdrawal Amount”) and from being a Nonguaranteed Withdrawal if you have a GLWB Rider (See Part 6, section titled “Withdrawal Protection for Required Minimum Distributions.)

Failure to comply with the RMD rules applicable to qualified contracts may result in the imposition of an excise tax. This excise tax generally equals 50% of the amount by which an RMD exceeds the actual distribution from the contract.

Roth IRAs do not require distributions at any time prior to the owner's death.

Inherited IRAs

The death benefit paid under this contract may be extended by the beneficiary as an inherited IRA. (However, the contract cannot be initially issued as an inherited IRA.) This occurs if, after the death of the owner, the owner's beneficiary directs that the death proceeds be titled as an inherited IRA. See Part 5, section titled “Death Benefit.” The owner's beneficiary of the original IRA contract will become the inherited IRA owner and may name his or her own beneficiary in the event of death.

The inherited IRA owner may invest in the Subaccounts then available under the contract. Separate account charges will continue to apply. The inherited IRA owner must take RMDs beginning on or before December 31 of the calendar year after the original owner’s death. If the beneficiary is a spouse and has elected this option, distributions may begin at the end of the calendar year in which the owner would have reached age 70½, if later.

V2N-41

If the original owner dies before the Required Beginning Date, the inherited IRA owner must take RMD over his or her life expectancy as defined by the Tax Code. If the owner dies after the Required Beginning Date, the inherited IRA owner may choose the longer of his or her life expectancy or the deceased owner’s life expectancy, both as defined by the Tax Code. (For Roth IRAs, the owner is presumed to have died before the Required Beginning Date.)

The following chart summarizes the date when RMDs must begin and the life used to measure the RMDs:

Death of Owner	Spouse	Nonspouse
Before Required Beginning Date	Distributions must begin by the later of (i) 12/31 of year after the calendar year of owner’s death, or (ii) 12/31 of the year when the deceased owner would have reached age 70½. RMD based on beneficiary life expectancy.	Distributions must begin by 12/31 of year after the calendar year of owner’s death. RMD based on beneficiary life expectancy.
After Required Beginning Date (Traditional and SEP IRAs only)	Distributions must begin by 12/31 of year after the calendar year of owner’s death RMD may be based on longer of the owner’s or beneficiary’s life expectancy.	Distributions must begin by 12/31 of year after the calendar year of owner’s death RMD may be based on longer of the owner’s or beneficiary’s life expectancy.

The following restrictions apply to the inherited IRA contract: (i) the inherited IRA owner may not add premium to the contract; (ii) the Death Benefit available to the beneficiary of the inherited IRA owner is the Account Value on the Death Benefit Date after the death of the inherited IRA owner; (iii) the beneficiary of the inherited IRA owner will be required to receive the remaining Account Value either in a lump sum, over five years or over the life expectancy of the inherited IRA owner as determined by the Tax Code.

A tax penalty applies if the inherited IRA owner fails to take the RMD. The tax penalty equals 50% of the excess of the RMD over the amount actually withdrawn from the inherited IRA during the calendar year.

For more information on inherited IRAs, see Part IRS Publication 590. Seek independent tax advice.

Federal and State Income Tax Withholding

We may be required to withhold federal income taxes on all distributions unless the eligible recipients elect not to have any amounts withheld and properly notify us of that election.

Certain states have indicated that pension and annuity withholding will apply to payments made to their residents. Generally, an election out of federal withholding will also be considered an election out of state withholding. For more information concerning a particular state, call our Administrative Office listed in the Glossary.

Tax Status of the Company

Under existing federal income tax laws, we do not pay tax on investment income and realized capital gains of the Separate Account. We do not anticipate that we will incur any federal income tax liability on the income and gains earned by the Separate Account. The Company, therefore, does not impose a charge for federal income taxes. If federal income tax law changes and we must pay tax on some or all of the income and gains earned by the Separate Account, we may impose a charge against the Separate Account to pay the taxes. We can also set up reserves for taxes. We receive a tax deduction for dividends received by the Funds.

V2N-42

Transfers Among Subaccounts

There will not be any current tax liability if you transfer any part of the Account Value among the Subaccounts of your contract.

Seek Tax Advice

National Integrity Life does not act as your tax or legal advisor. This discussion of the federal income tax treatment of the contract is not designed to cover all situations and is not intended to be tax advice. It is based upon our understanding of the present federal income tax laws as currently interpreted by the Internal Revenue Service (IRS) and various courts. The IRS or the courts may change their views on the treatment of these contracts. Future legislation may have a negative effect on annuity contracts or IRAs. Also, we have not attempted to consider any applicable state or other tax laws.

Because of the complexity of the tax laws and the fact that tax results will vary according to the particular circumstances, anyone considering buying a contract, selecting an Annuity Option under the contract, or receiving annuity payments under a contract should consult a qualified tax advisor.

You should carefully consider the advantages and disadvantages of owning a variable annuity as an IRA or tax-qualified plan, as well as the costs and benefits of the contract (including the death benefits, income benefits and other non-tax-related benefits), before you purchase the contract as an IRA.

This contract includes an enhanced death benefit and offers an optional living benefit. The IRS requires an actuarial present value of enhanced benefits to be added to the Account Value for purposes of calculating the fair market value of the annuity and determining the RMD.

The IRS has not reviewed the contract for qualification as an IRA and we make no guarantees that the contract will so qualify. National Integrity Life does not guarantee the tax status, federal, state, or local, of any contract or any transaction involving the contracts.

Part 9 – Additional Information

Systematic Withdrawal Program

We offer a program that allows you to pre-authorize periodic withdrawals from your contract prior to your Annuity Date. You can choose to have withdrawals made monthly, quarterly, semi-annually or annually and can specify the day of the month (other than the 29^th, 30^th or 31^st) on which the withdrawal is to be made. If you do not select how often you want to receive withdrawals, we will make them on a monthly basis. You may specify a dollar amount or an annual percentage to be withdrawn, such as the Free Withdrawal Amount. The minimum Systematic Withdrawal is $100. If you do not have enough Account Value to make the withdrawal you have specified, no withdrawal will be made and your enrollment in the program will end. You may specify an account for direct deposit of your Systematic Withdrawals. Direct deposit is required for monthly withdrawals. Withdrawals under this program are subject to withdrawal charges, if any (see Part 4, section titled "Withdrawal Charge") and to income tax and a 10% tax penalty if you are under age 59½. See Part 8.

To enroll in our Systematic Withdrawal Program, send the appropriate form to our Administrative Office. You may terminate your participation in the program upon prior written notice. We may terminate or change the Systematic Withdrawal Program at any time.

Income Plus Withdrawal Program

We offer an Income Plus Withdrawal Program that allows you to pre-authorize substantially equal periodic withdrawals, based on your life expectancy as defined by the Tax Code, from your contract anytime before you reach age 59½. You will not have to pay a tax penalty for these withdrawals, but they will be subject to ordinary income tax. See Part 8. Once you begin receiving your withdrawals under this program, you should not change or stop the withdrawals until the later of:

• the date you reach age 59½; and

V2N-43

• five years from the date of the first withdrawal under the program.

If you change or stop the withdrawals or take an additional withdrawal, you may have to pay a 10% penalty tax that would have been due on all prior withdrawals made under the Income Plus Withdrawal Program before you reached the date described above, plus interest.

You may choose to have withdrawals made monthly, quarterly, semi-annually or annually and may specify the day of the month (other than the 29^th, 30^th or 31^st) on which the withdrawal is made. You may specify an account for direct deposit of your withdrawals. Direct deposit is required for monthly withdrawals. We will calculate the amount of the withdrawal, subject to a $100 minimum. We are not responsible for any tax or other liability you may incur if our good faith calculations are not correct. You should consult with your tax advisor to ensure these withdrawals are appropriate to your situation.

If on any withdrawal date you do not have enough Account Value to make the withdrawals you specified, no withdrawal will be made and your enrollment in the program will end.

To enroll in our Income Plus Withdrawal Program, send the appropriate form to our Administrative Office. You may end your participation in the program upon prior written notice. We may terminate or change the Income Plus Withdrawal Program at any time. This program is not available in connection with the Systematic Withdrawal Program. Withdrawals under this program are subject to a withdrawal charge, if any. See Part 4, section titled "Withdrawal Charge".

This program is not available with a GLWB Rider. See Part 6.

Choices Plus Required Minimum Distribution (RMD) Program

We offer a Choices Plus RMD Program that allows you to pre-authorize withdrawals from your IRA after you attain age 70½. The Tax Code requires that you take minimum distributions beginning on or before April 1 of the calendar year following the calendar year in which you turn 70½ years old. The distribution required by April 1 is the distribution required for the year you actually turn 70½ years old. You must take distributions for each calendar year after the year you turn age 70½ by December 31 of that year. These withdrawals are subject to ordinary income tax. See Part 8.

You can choose the Choices Plus RMD Program at any time if you are age 70½ or older by sending the election form to our Administrative Office. You can choose to have withdrawals made monthly, quarterly, semi-annually, or annually and can specify the day of the month (other than the 29^th, 30^th, or 31^st) on which the withdrawal is made. You may specify an account for direct deposit of your withdrawals. Direct deposit is required for monthly withdrawals. As a convenience, we will calculate the amount of the withdrawals. We are not responsible for any tax or other liability you may incur if our good faith calculations are not correct. You should consult with your tax advisor to ensure these withdrawals are appropriate to your situation.

Withdrawals of Account Value that are made as part of the Choices Plus program are not subject to a withdrawal charge, as long as you do not take additional withdrawals. You may end your participation in the program upon prior written notice. We may terminate or change the Choices Plus RMD Program at any time.

This program is not available with a GLWB Rider. See Part 6, section titled "Withdrawal Protection for Required Minimum Distributions."

Systematic Transfer Program

We offer a Systematic Transfer Program where we accept new premiums into a Systematic Transfer Option (STO), which is a Fixed Account, and make transfers out of the STO to one or more Subaccounts on a monthly or quarterly basis. We will transfer your STO premiums in approximately equal installments of at least $1,000 monthly over a six-month or monthly or quarterly over a one-year period, depending on the options you select. You can only invest in either the six-month or one-year STO at any one time, but not both. If you do not have enough Account Value in the STO to transfer to each Subaccount specified, a final transfer will be made on a pro rata basis and your enrollment in the program will end. All interest accrued and any Account Value remaining in the STO at the end of

V2N-44

the period during which transfers are scheduled to be made will be transferred at the end of that period on a pro rata basis to the Subaccounts you chose for this program. You cannot transfer Account Value into the STO.

Transfers made under our Systematic Transfer Program do not trigger a 60-day waiting period. See Part 4, section titled “Allocations and Transfers.”

To enroll in our Systematic Transfer Program, send the appropriate form to our Administrative Office. We can end the Systematic Transfer Program in whole or in part, or restrict premiums to the program.

This program is available with a GLWB Rider only for the initial premium we received on the Contract Date. See Part 6.

Customized Asset Rebalancing Program

Asset rebalancing allows you to maintain a diversified investment mix that is appropriate for your goals and risk tolerance. Because your different Subaccounts will experience different gains and losses at different times, your asset allocation may shift from your preferred mix. Asset rebalancing periodically resets your investments to your original allocations, ensuring that your asset mix stays in line with your investment strategy.

We offer a Customized Asset Rebalancing Program that allows you to have your investments rebalanced to your allocation percentages periodically. You can choose to rebalance quarterly, semi-annually or annually.

The Account Value in the currently available Subaccounts will automatically be rebalanced back to your allocation percentages by selling all existing Units subject to rebalancing and repurchasing Units according to your allocation. You will receive a confirmation notice after each rebalancing. Subaccounts that are closed to new purchases, and the Fixed Account, are not included in the Customized Asset Rebalancing Program.

Transfers under our Customized Asset Rebalancing Program do not trigger a 60-day waiting period. See Part 4, section titled “Allocations and Transfers.”

To enroll in our Customized Asset Rebalancing Program, send the appropriate form to our Administrative Office. You may terminate your participation in the program upon prior written notice. We may end or change the Customized Asset Rebalancing Program at any time. We recommend you consult with your financial professional when establishing your allocation.

This program is not available with a GLWB Rider because quarterly rebalancing is required. See Part 6.

Legal Proceedings

National Integrity Life is a party to litigation and arbitration proceedings in the ordinary course of its business. None of these matters is expected to have a material adverse effect on National Integrity Life.

Table of Contents of Statement of Additional Information

	Page
General Information and History..............................................................................................	1
Administration and Distribution of the Contracts......................................................................	1
Performance Data and Illustrations..........................................................................................	2
Distributions from Tax Favored Retirement Programs.............................................................	4
Financial Statements..............................................................................................................	4

If you would like to receive a copy of the Statement of Additional Information, please write:

National Integrity Life Insurance Company

400 Broadway

Cincinnati, Ohio 45202-3341

ATTN: Request SAI for National Integrity Life VAROOM II dated May 1, 2017

V2N-45

Appendix A

Financial Information for Separate Account I of National Integrity Life

The table below shows the following data for the Subaccounts currently offered: Unit Value at inception; the number of Units outstanding at December 31 of each year since inception; and the Unit Value at the beginning and end of each period since inception.

Subaccount	2016	2015	2014	2013	2012	2011	Value and Inception Date
iSharesCore S&P 500 ETF (3715E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$41.30 $45.44 14,165	$41.56 $41.30 11,083	$37.30 $41.56 10,504	$28.61 $37.30 4,788	$25.24 $28.61 773	$25.00 $25.24 0	$25.00 12-30-11
iSharesCore S&P 500 ETF – GLWB Investment Strategy 1 (3715E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$40.19 $43.93 448,080	$40.72 $40.19 462,997	$36.79 $40.72 430,963	$28.41 $36.79 319,534	$25.23 $28.41 145,785	$25.00 $25.23 0	$25.00 12-30-11
iSharesCore S&P 500 ETF – GLWB Investment Strategy 2 (3715E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$39.86 $43.47 30,525	$40.46 $39.86 27,458	$36.63 $40.46 23,618	$28.34 $36.63 16,770	$25.23 $28.34 5,808	$25.00 $25.23 0	$25.00 12-30-11
iSharesCoreS&P Mid-Cap ETF (3717E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$38.88 $46.03 4,492	$40.56 $38.88 3,628	$37.69 $40.56 3,255	$28.74 $37.69 1,516	$24.81 $28.74 141	$25.00 $24.81 0	$25.00 12-30-11
iSharesCoreS&P Mid-Cap ETF – GLWB Investment Strategy 1 (3717E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$37.84 $44.50 124,325	$39.74 $37.84 133,226	$37.18 $39.74 120,997	$28.54 $37.18 84,651	$24.80 $28.54 38,738	$25.00 $24.80 0	$25.00 12-30-11
iSharesCoreS&P Mid-Cap ETF – GLWB Investment Strategy 2 (3717E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$37.53 $44.04 10,181	$39.49 $37.53 9,192	$37.02 $39.49 7,861	$28.47 $37.02 4,992	$24.79 $28.47 1,573	$25.00 $24.79 0	$25.00 12-30-11

V2N-46

Subaccount	2016	2015	2014	2013	2012	2011	Value and Inception Date
iSharesCore S&P Small-Cap ETF (3718E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$40.05 $49.74 2,857	$41.69 $40.05 2,193	$40.18 $41.69 1,569	$28.85 $40.18 865	$25.38 $28.85 70	$25.00 $25.38 0	$25.00 12-30-11
iSharesCore S&P Small-Cap ETF – GLWB Investment Strategy 1 (3718E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$38.98 $48.09 58,728	$40.84 $38.98 64,702	$39.62 $40.84 59,632	$28.65 $39.62 39,910	$25.37 $28.65 19,396	$25.00 $25.37 0	$25.00 12-30-11
iSharesCore S&P Small-Cap ETF – GLWB Investment Strategy 2 (3718E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$38.65 $47.59 8,108	$40.58 $38.65 7,662	$39.46 $40.58 6,710	$28.58 $39.46 3,164	$25.36 $28.58 805	$25.00 $25.36 0	$25.00 12-30-11
iSharesCore U.S. Aggregate Bond ETF (3710E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$25.30 $25.42 1,065	$25.67 $25.30 602	$24.69 $25.67 0	$25.68 $24.69 0	$25.23 $25.68 0	$25.00 $25.23 0	$25.00 12-30-11
iSharesCore U.S. Aggregate Bond ETF – GLWB Investment Strategy 1 (3710E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$24.63 $24.58 0	$25.15 $24.63 0	$24.35 $25.15 0	$25.50 $24.35 0	$25.22 $25.50 0	$25.00 $25.22 0	$25.00 12-30-11
iSharesCore U.S. Aggregate Bond ETF – GLWB Investment Strategy 2 (3710E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$24.42 $24.32 20,830	$24.99 $24.42 22,594	$24.24 $24.99 20,275	$25.44 $24.24 15,895	$25.21 $25.44 7,753	$25.00 $25.21 0	$25.00 12-30-11
iSharesiBoxx $ High Yield CorporateBond ETF (3713E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$27.33 $30.41 3,238	$29.34 $27.33 3,585	$29.35 $29.34 3,855	$28.26 $29.35 2,493	$25.84 $28.26 0	$25.00 $25.84 0	$25.00 12-30-11

V2N-47

Subaccount	2016	2015	2014	2013	2012	2011	Value and Inception Date
iSharesiBoxx $ High Yield CorporateBond ETF – GLWB Investment Strategy 1 (3713E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$26.60 $29.40 0	$28.74 $26.60 0	$28.95 $28.74 0	$28.06 $28.95 0	$25.82 $28.06 0	$25.00 $25.82 0	$25.00 12-30-11
iSharesiBoxx $ High Yield CorporateBond ETF – GLWB Investment Strategy 2 (3713E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$26.38 $29.09 5,335	$28.56 $26.38 5,662	$28.83 $28.56 4,677	$28.00 $28.83 3,103	$25.82 $28.00 1,855	$25.00 $25.82 0	$25.00 12-30-11
iSharesIntermediate Credit Bond ETF (3711E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$26.09 $26.44 2,207	$26.45 $26.09 1,013	$25.96 $26.45 1,021	$26.56 $25.96 816	$25.29 $26.56 0	$25.00 $25.29 0	$25.00 12-30-11
iSharesIntermediate Credit Bond ETF – GLWB Investment Strategy 1 (3711E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$25.39 $25.56 0	$25.91 $25.39 0	$25.61 $25.91 0	$26.37 $25.61 0	$25.28 $26.37 0	$25.00 $25.28 0	$25.00 12-30-11
iSharesIntermediate Credit Bond ETF – GLWB Investment Strategy 2 (3711E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$25.18 $25.30 29,716	$25.75 $25.18 19,619	$25.50 $25.75 17,318	$26.31 $25.50 10,931	$25.27 $26.31 3,115	$25.00 $25.27 0	$25.00 12-30-11
iSharesInternational Treasury BondETF (3719E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$22.36 $22.13 1,800	$24.58 $22.36 1,217	$25.75 $24.58 1,268	$26.54 $25.75 331	$25.64 $26.54 75	$25.00 $25.64 0	$25.00 12-30-11
iSharesInternational Treasury BondETF – GLWB Investment Strategy 1 (3719E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$21.77 $21.39 120,280	$24.08 $21.77 117,502	$25.40 $24.08 96,058	$26.35 $25.40 60,076	$25.63 $26.35 20,604	$25.00 $25.63 0	$25.00 12-30-11

V2N-48

Subaccount	2016	2015	2014	2013	2012	2011	Value and Inception Date
iSharesInternational Treasury BondETF – GLWB Investment Strategy 2 (3719E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$21.58 $21.17 133	$23.93 $21.58 124	$25.29 $23.93 116	$26.29 $25.29 104	$25.62 $26.29 0	$25.00 $25.62 0	$25.00 12-30-11
iShares S&P 500 Growth ETF (3714E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$42.53 $44.57 3,109	$41.15 $42.53 2,282	$36.58 $41.15 1,562	$28.05 $36.58 819	$25.09 $28.05 0	$25.00 $25.09 0	$25.00 12-30-11
iSharesS&P 500 Growth ETF – GLWB Investment Strategy 1 (3714E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$41.39 $43.09 40,451	$40.31 $41.39 38,010	$36.08 $40.31 30,062	$27.85 $36.08 18,415	$25.07 $27.85 1,567	$25.00 $25.07 0	$25.00 12-30-11
iSharesS&P 500 Growth ETF – GLWB Investment Strategy 2 (3714E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$41.05 $42.64 1,828	$40.06 $41.05 914	$35.92 $40.06 493	$27.78 $35.92 399	$25.07 $27.78 0	$25.00 $25.07 0	$25.00 12-30-11
iSharesS&P 500 Value ETF (3716E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$39.56 $45.53 2,484	$41.70 $39.56 2,582	$37.90 $41.70 2,185	$29.35 $37.90 1,037	$25.47 $29.35 0	$25.00 $25.47 0	$25.00 12-30-11
iSharesS&P 500 Value ETF – GLWB Investment Strategy 1 (3716E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$38.50 $44.02 7,802	$40.85 $38.50 7,901	$37.37 $40.85 7,850	$29.14 $37.37 6,335	$25.45 $29.14 5,334	$25.00 $25.45 0	$25.00 12-30-11
iSharesS&P 500 Value ETF – GLWB Investment Strategy 2 (3716E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$38.18 $43.56 1,977	$40.60 $38.18 2,470	$37.22 $40.60 2,320	$29.08 $37.22 1,891	$25.45 $29.08 1,618	$25.00 $25.45 0	$25.00 12-30-11

V2N-49

Subaccount	2016	2015	2014	2013	2012	2011	Value and Inception Date
iSharesTIPS Bond ETF (3712E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$22.85 $23.46 1,097	$23.71 $22.85 494	$23.33 $23.71 494	$25.97 $23.33 494	$24.90 $25.97 494	$25.00 $24.90 0	$25.00 12-30-11
iSharesTIPS Bond ETF – GLWB Investment Strategy 1 (3712E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$22.24 $22.68 0	$23.23 $22.24 0	$23.01 $23.23 0	$25.79 $23.01 0	$24.89 $25.79 0	$25.00 $24.89 0	$25.00 12-30-11
iSharesTIPS Bond ETF – GLWB Investment Strategy 2 (3712E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$22.05 $22.45 2,823	$23.08 $22.05 4,757	$22.91 $23.08 4,402	$25.73 $22.91 3,954	$24.88 $25.73 2,635	$25.00 $24.88 0	$25.00 12-30-11
Vanguard Developed Markets Index Fund, ETF Shares (3722E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$30.75 $30.97 1,512	$31.46 $30.75 1,079	$34.12 $31.46 1,015	$28.48 $34.12 227	$23.79 $28.48 73	$25.00 $23.79 0	$25.00 12-30-11
Vanguard Developed Markets Index Fund, ETF Shares – GLWB Investment Strategy 1 (3722E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$29.93 $29.94 89,487	$30.83 $29.93 84,574	$33.65 $30.83 74,394	$28.28 $33.65 46,552	$23.77 $28.28 19,908	$25.00 $23.77 0	$25.00 12-30-11
Vanguard Developed Markets Index Fund, ETF Shares – GLWB Investment Strategy 2 (3722E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$29.68 $29.63 5,531	$30.63 $29.68 4,664	$33.51 $30.63 3,357	$28.22 $33.51 1,215	$23.77 $28.22 136	$25.00 $23.77 0	$25.00 12-30-11
Vanguard Dividend Appreciation Index Fund, ETF Shares (3720E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$36.39 $39.98 6,457	$37.82 $36.39 5,986	$35.03 $37.82 5,782	$27.58 $35.03 3,735	$25.31 $27.58 242	$25.00 $25.31 0	$25.00 12-30-11

V2N-50

Subaccount	2016	2015	2014	2013	2012	2011	Value and Inception Date
Vanguard Dividend Appreciation Index Fund, ETF Shares – GLWB Investment Strategy 1 (3720E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$35.42 $38.65 0	$37.06 $35.42 0	$34.55 $37.06 0	$27.38 $34.55 0	$25.30 $27.38 0	$25.00 $25.30 0	$25.00 12-30-11
Vanguard Dividend Appreciation Index Fund, ETF Shares – GLWB Investment Strategy 2 (3720E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$35.12 $38.25 24,546	$36.82 $35.12 25,775	$34.40 $36.82 22,990	$27.32 $34.40 15,994	$25.30 $27.32 8,126	$25.00 $25.30 0	$25.00 12-30-11
Vanguard Emerging Markets Stock Index Fund, ETF Shares (3721E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$21.20 $23.33 2,704	$25.67 $21.20 2,974	$26.18 $25.67 3,077	$28.02 $26.18 3,124	$23.48 $28.02 255	$25.00 $23.48 0	$25.00 12-30-11
Vanguard Emerging Markets Stock Index Fund, ETF Shares – GLWB Investment Strategy 1 (3721E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$20.63 $22.55 0	$25.15 $20.63 0	$25.82 $25.15 0	$27.82 $25.82 0	$23.47 $27.82 0	$25.00 $23.47 0	$25.00 12-30-11
Vanguard Emerging Markets Stock Index Fund, ETF Shares – GLWB Investment Strategy 2 (3721E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$20.46 $22.32 10,449	$24.99 $20.46 9,614	$25.71 $24.99 7,226	$27.76 $25.71 3,476	$23.46 $27.76 801	$25.00 $23.46 0	$25.00 12-30-11
Vanguard Intermediate-Term Corporate Bond Index Fund, ETF Shares (3723E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$27.74 $28.64 2,063	$28.02 $27.74 1,303	$26.53 $28.02 1,342	$27.62 $26.53 897	$25.44 $27.62 0	$25.00 $25.44 0	$25.00 12-30-11
Vanguard Intermediate-Term Corporate Bond Index Fund, ETF Shares – GLWB Investment Strategy 1 (3723E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$27.00 $27.69 0	$27.45 $27.00 0	$26.17 $27.45 0	$27.43 $26.17 0	$25.43 $27.43 0	$25.00 $25.43 0	$25.00 12-30-11

V2N-51

Subaccount	2016	2015	2014	2013	2012	2011	Value and Inception Date
Vanguard Intermediate-Term Corporate Bond Index Fund, ETF Shares – GLWB Investment Strategy 2 (3723E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$26.77 $27.40 401	$27.28 $26.77 385	$26.05 $27.28 334	$27.37 $26.05 327	$25.43 $27.37 287	$25.00 $25.43 0	$25.00 12-30-11
Vanguard Large-Cap Index Fund, ETF Shares (3724E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$41.18 $45.16 1,163	$41.55 $41.18 1,186	$37.36 $41.55 843	$28.59 $37.36 384	$25.20 $28.59 0	$25.00 $25.20 0	$25.00 12-30-11
Vanguard Large-Cap Index Fund, ETF Shares – GLWB Investment Strategy 1 (3724E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$40.08 $43.66 0	$40.71 $40.08 0	$36.85 $40.71 0	$28.39 $36.85 0	$25.19 $28.39 0	$25.00 $25.19 0	$25.00 12-30-11
Vanguard Large-Cap Index Fund, ETF Shares – GLWB Investment Strategy 2 (3724E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$39.75 $43.20 11,488	$40.45 $39.75 10,192	$36.69 $40.45 8,712	$28.32 $36.69 5,895	$28.18 $28.32 3,507	$25.00 $28.18 0	$25.00 12-30-11
Vanguard Mega Cap Index Fund, ETF Shares (3725E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$41.31 $45.35 0	$41.52 $41.31 0	$37.34 $41.52 0	$28.67 $37.34 0	$25.32 $28.67 0	$25.00 $25.32 0	$25.00 12-30-11
Vanguard Mega Cap Index Fund, ETF Shares – GLWB Investment Strategy 1 (3725E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$40.21 $43.85 0	$40.67 $40.21 0	$36.83 $40.67 0	$28.47 $36.83 0	$25.30 $28.47 0	$25.00 $25.30 0	$25.00 12-30-11
Vanguard Mega Cap Index Fund, ETF Shares – GLWB Investment Strategy 2 (3725E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$39.87 $43.39 1,892	$40.42 $39.87 2,075	$36.67 $40.42 2,123	$28.40 $36.67 1,308	$25.30 $28.40 1,035	$25.00 $25.30 0	$25.00 12-30-11

V2N-52

Subaccount	2016	2015	2014	2013	2012	2011	Value and Inception Date
Vanguard REIT Index Fund, ETF Shares (3726E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$39.27 $41.84 1,306	$39.08 $39.27 1,027	$30.56 $39.08 764	$30.39 $30.56 603	$26.42 $30.39 209	$25.00 $26.42 0	$25.00 12-30-11
Vanguard REIT Index Fund, ETF Shares – GLWB Investment Strategy 1 (3726E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$38.22 $40.45 0	$38.29 $38.22 0	$30.14 $38.29 0	$30.18 $30.14 0	$26.40 $30.18 0	$25.00 $26.40 0	$25.00 12-30-11
Vanguard REIT Index Fund, ETF Shares – GLWB Investment Strategy 2 (3726E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$37.90 $40.03 6,852	$38.05 $37.90 5,818	$30.01 $38.05 5,205	$30.11 $30.01 4,537	$26.40 $30.11 1,258	$25.00 $26.40 0	$25.00 12-30-11
Vanguard Short-Term Bond Index Fund, ETF Shares (3729E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$24.16 $24.02 2,742	$24.40 $24.16 2,562	$24.54 $24.40 2,824	$24.98 $24.54 2,892	$25.00 $24.98 0	-	$25.00 5-1-12
Vanguard Short-Term Bond Index Fund, ETF Shares – GLWB Investment Strategy 1 (3729E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$23.58 $23.28 0	$23.97 $23.58 0	$24.27 $23.97 0	$24.87 $24.27 0	$25.00 $24.87 0	-	$25.00 5-1-12
Vanguard Short-Term Bond Index Fund, ETF Shares – GLWB Investment Strategy 2 (3729E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$23.40 $23.06 1,283	$23.84 $23.40 1,206	$24.18 $23.84 1,094	$24.83 $24.18 793	$25.00 $24.83 730	-	$25.00 5-1-12
Vanguard Total Bond Market Index Fund, ETF Shares (3727E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$25.24 $25.38 17,935	$25.58 $25.24 13,506	$24.62 $25.58 13,282	$25.66 $24.62 8,553	$25.18 $25.66 540	$25.00 $25.18 0	$25.00 12-30-11

V2N-53

Subaccount	2016	2015	2014	2013	2012	2011	Value and Inception Date
Vanguard Total Bond Market Index Fund, ETF Shares – GLWB Investment Strategy 1 (3727E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$24.56 $24.54 752,528	$25.06 $24.56 730,134	$24.29 $25.06 655,384	$25.48 $24.29 436,536	$25.17 $25.48 147,869	$25.00 $25.17 0	$25.00 12-30-11
Vanguard Total Bond Market Index Fund, ETF Shares – GLWB Investment Strategy 2 (3727E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$24.36 $24.28 57,561	$24.90 $24.36 52,864	$24.18 $24.90 45,232	$25.42 $24.18 26,228	$25.17 $25.42 9,697	$25.00 $25.17 0	$25.00 12-30-11
Fidelity VIP Government Money Market Portfolio, Initial Class (3730E04) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$10.00 $9.95 2,821	-	-	-	-	-	$10.00 9-20-16
Fidelity VIP Government Money Market Portfolio, Initial Class – GLWB Investment Strategy 1 (3730E05) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$10.00 $9.94 0	-	-	-	-	-	$10.00 9-20-16
Fidelity VIP Government Money Market Portfolio, Initial Class – GLWB Investment Strategy 2 (3730E06) Unit value at beginning of period Unit value at end of period Units outstanding at end of period	$10.00 $9.93 524	-	-	-	-	-	$10.00 9-20-16

V2N-54

Appendix B – Withdrawal Charge Examples

We allow two ways for you to request withdrawals. In the first method, you receive the amount requested, and any withdrawal charge is taken from the Account Value. This reduces your Account Value by the amount of the withdrawal charge in addition to the amount you requested. This is the method used unless you request otherwise or unless you have elected one of the GLWB Riders. In the second method, you receive less than you requested if a withdrawal charge applies because the Account Value is reduced by the amount of the requested withdrawal and any withdrawal charge is taken from that amount.

For both methods, withdrawals are attributed to amounts in the following order:

1. any Free Withdrawal Amount (except in the case of a surrender);

2. premiums that are no longer subject to a withdrawal charge and have not yet been withdrawn (premiums are withdrawn from oldest to youngest);

3. premiums subject to a withdrawal charge that have not yet been withdrawn (premiums are withdrawn from oldest to youngest);

4. any gain, interest or other amount that is not considered a premium

Example Assumptions

Assume one premium is paid, no previous withdrawals have been taken, and the Account Value at the time of the withdrawal is higher than the Account Value on the most recent Contract Anniversary:

Premium: $50,000

Account Value before withdrawal: $60,000

Requested withdrawal: $16,000

Withdrawal charge percentage applicable to the premium: 6%

Taxes are not considered in this example.

Using the First Method

The Free Withdrawal Amount is calculated as:

$6,000 = $60,000 (Account Value on the date of the withdrawal) x 10% (free withdrawal percentage) - $0 (previous partial withdrawals during the current Contract Year).

After first applying the withdrawal to the Free Withdrawal Amount, the amount of the withdrawal still to be applied is:

$10,000 = $16,000 (requested withdrawal) - $6,000 (Free Withdrawal Amount).

There are no premiums that are no longer subject to a withdrawal charge, so the withdrawal is next applied to the premium subject to a withdrawal charge. The withdrawal charge for this method is calculated as:

$638.30 = $10,000 (portion of the withdrawal still to be attributed) x 6% (withdrawal charge percentage) / (1 – 6%) (one minus the withdrawal charge percentage).

Using this method, you will receive $16,000; however, the total Account Value withdrawn is:

$16,638.30 = $16,000 (requested withdrawal) + $638.30 (withdrawal charge).

The amount of premium still subject to a withdrawal charge is:

$39,361.70 = $50,000 (premium) - $10,638.30 (portion of withdrawal attributed to premium including the withdrawal charge).

Note, the withdrawal charge does not just apply to the premium withdrawn ($10,000 x 6%). It also applies to the withdrawal charge itself as indicated by the (1- 6%) factor in the withdrawal charge formula.

V2N-55

Using the Second Method

The Free Withdrawal Amount is calculated as:

$6,000 = $60,000 (Account Value on the date of the withdrawal) x 10% (free withdrawal percentage) - $0 (previous partial withdrawals during the current Contract Year).

After first applying the withdrawal to the Free Withdrawal Amount, the amount of the withdrawal still to be attributed is:

$10,000 = $16,000 (requested withdrawal) - $6,000 (Free Withdrawal Amount).

There are no premiums that are no longer subject to a withdrawal charge, so the withdrawal is next applied to the premium subject to a withdrawal charge. The withdrawal charge for this method is calculated as:

$600 = $10,000 (portion of the withdrawal still to be attributed) x 6% (withdrawal charge percentage).

Using this method, the total Account Value withdrawn is $16,000; however, you will receive:

$15,400 = $16,000 (requested withdrawal) - $600 (withdrawal charge).

The amount of premium still subject to a withdrawal charge is:

$40,000 = $50,000 (premium) - $10,000 (portion of withdrawal attributed to premium including the withdrawal charge).

Note the second method will produce the same withdrawal charge as the first method if the requested withdrawal under the second method is the same as the total Account Value withdrawn in the first method. For example, a requested withdrawal of $16,638.30 using the second method produces the same $638.30 withdrawal charge as shown in the first method above.

This example is for illustrative purposes only and does not predict results.

V2N-56

Appendix C

Illustrations of Guaranteed Lifetime Withdrawal Benefit

The following examples demonstrate how the GLWB Riders work, based on the stated assumptions. These examples are for illustration only, and do not predict future investment results.

Example #1

This example illustrates the Individual GLWB Rider where withdrawals equal to the Lifetime Payout Amount (LPA), as well as a Nonguaranteed Withdrawal, have been taken, additional premiums have been added and increases to the Withdrawal Percentage and step-ups have been applied. It also illustrates payments for the life of the covered person even though the Account Value has been reduced to zero. All amounts in the table are rounded to the nearest $1.00 in this example.

Assumptions:

• The Contract Date is June 27.

• The Owner’s age on Contract Date is 60 years.

• The Initial premium was $100,000; additional premiums of $10,000 were paid in calendar years 2 and 10.

• A Nonguaranteed Withdrawal equal to $776 is taken in calendar year 14.

• Withdrawals equal to LPA are taken in calendar years 6-13, and calendar years 15+.

• No withdrawals are taken that would result in withdrawal charges under the contract.

• The RMD is not higher than the LPA in any calendar year.

• The Rider remains in effect during the period covered in this example.

	As of January 1 (A)				As of February 10 (B)		As of June 27 (C)		As of October 8 (D)
Calendar Year	Covered Person's Age	Withdrawal Percentage	Benefit Base	LPA	Additional Premium	Benefit Base after Additional Premium	Hypothetical Account Value (E)	Benefit Base after Step-Up	Hypothetical Account Value (E)	Annual Withdrawal	Adjusted Non- Guaranteed Withdrawal	Benefit Base After Withdrawal
1 (F)	60 (F)	4.000% (F)	$100,000 (F)	$2,049 (F)	$100,000 (F)	$100,000 (F)	$100,000(F)	$100,000(F)	$99,625	$0	$0	$100,000
2	61	4.050%(G)	$100,000	$4,050	$10,000 (H)	$110,000	$112,614	$112,614 (I)	$112,485	$0	$0	$112,614
3	62	4.150% (J)	$112,614	$4,673	$0	$112,614	$116,985	$116,985	$117,755	$0	$0	$116,985
4	63	4.250% (J)	$116,985	$4,972	$0	$116,985	$121,300	$121,300	$122,188	$0	$0	$121,300
5	64	4.350% (J)	$121,300	$5,277	$0	$121,300	$119,745	$121,300	$120,719	$0	$0	$121,300
6	65	4.950% (K)	$121,300	$6,004	$0	$121,300	$120,719	$121,300	$120,123	$6,004	$0	$121,300
7	66	4.950%	$121,300	$6,004	$0	$121,300	$109,554	$121,300	$110,171	$6,004	$0	$121,300
8	67	4.950%	$121,300	$6,004	$0	$121,300	$106,250	$121,300	$105,343	$6,004	$0	$121,300
9	68	4.950%	$121,300	$6,004	$0	$121,300	$99,338(L)	$121,300	$99,982	$6,004(L)	$0	$121,300
10	69	4.950%	$121,300	$6,004	$10,000(L)	$121,300	$102,098(L)	$121,300	$102,181	$6,004	$0	$121,300
11	70	4.950%	$121,300	$6,004	$0	$121,300	$97,138	$121,300	$97,727	$6,004	$0	$121,300

V2N-57

	As of January 1 (A)				As of February 10 (B)		As of June 27 (C)		As of October 8 (D)
Calendar Year	Covered Person's Age	Withdrawal Percentage	Benefit Base	LPA	Additional Premium	Benefit Base after Additional Premium	Hypothetical Account Value (E)	Benefit Base after Step-Up	Hypothetical Account Value (E)	Annual Withdrawal	Adjusted Non- Guaranteed Withdrawal	Benefit Base After Withdrawal
12	71	4.950%	$121,300	$6,004	$0	$121,300	$88,053	$121,300	$88,553	$6,004	$0	$121,300
13	72	4.950%	$121,300	$6,004	$0	$121,300	$84,200	$121,300	$83,647	$6,004	$0	$121,300
14	73	4.950%	$121,300	$6,004	$0	$121,300	$78,419	$121,300	$78,981	$6,780 (M)	$1,290 (M)	$120,010(M)
15	74	4.950%	$120,010	$5,940	$0	$120,010	$72,923	$120,010	$73,461	$5,940	$0	$120,010
16	75	4.950%	$120,010	$5,940	$0	$120,010	$70,221	$120,010	$70,531	$5,940	$0	$120,010
17	76	4.950%	$120,010	$5,940	$0	$120,010	$65,236	$120,010	$65,375	$5,940	$0	$120,010
18	77	4.950%	$120,010	$5,940	$0	$120,010	$58,246	$120,010	$58,752	$5,940	$0	$120,010
19	78	4.950%	$120,010	$5,940	$0	$120,010	$50,171	$120,010	$49,888	$5,940	$0	$120,010
20	79	4.950%	$120,010	$5,940	$0	$120,010	$45,705	$120,010	$45,702	$5,940	$0	$120,010
21	80	4.950%	$120,010	$5,940	$0	$120,010	$39,364	$120,010	$38,972	$5,940	$0	$120,010
22	81	4.950%	$120,010	$5,940	$0	$120,010	$34,022	$120,010	$34,012	$5,940	$0	$120,010
23	82	4.950%	$120,010	$5,940	$0	$120,010	$28,914	$120,010	$29,175	$5,940	$0	$120,010
24	83	4.950%	$120,010	$5,940	$0	$120,010	$22,305	$120,010	$22,391	$5,940	$0	$120,010
25	84	4.950%	$120,010	$5,940	$0	$120,010	$15,628	$120,010	$15,559	$5,940	$0	$120,010
26	85	4.950%	$120,010	$5,940	$0	$120,010	$9,330	$120,010	$9,298	$5,940	$0	$120,010
27	86	4.950%	$120,010	$5,940	$0	$120,010	$3,525	$120,010	$3,554	$5,940 (N)	$0	$120,010
28	87	4.950%	$120,010	$5,940	$0	$120,010	$0	$120,010	$0	$5,940	$0	$120,010
29	88	4.950%	$120,010	$5,940	$0	$120,010	$0	$120,010	$0	$5,940	$0	$120,010
30	89	4.950%	$120,010	$5,940	$0	$120,010	$0	$120,010	$0	$5,940	$0	$120,010
31+	90	4.950%	$120,010	$5,940	$0	$120,010	$0	$120,010	$0	$5,940	$0	$120,010

(A) The covered person's age for each year is as of January 1. Also, on each January 1, the LPA is equal to the applicable Withdrawal Percentage multiplied by the Benefit Base.

(B) In any year that an additional premium is added, it is assumed to be added on February 10. For purposes of this example, we selected February 10 as the assumed date of additional premium payments. Since premiums may be paid throughout the year, we hoped to accurately demonstrate the effect on the contract values by using a date other than the Contract Anniversary and January 1, which are the two key dates in the GLWB Rider calculations.

(C) Any step-up is applied on the Contract Anniversary, which is June 27 of each year.

(D) Any withdrawal is assumed to occur one time per year on October 8. For purposes of this example, we selected October 8 as the assumed date of withdrawals.

Since withdrawals may be made throughout the year, we hoped to accurately demonstrate the effect on the contract values by using a random date other than the Contract Anniversary and January 1, which are the two key dates in the GLWB Rider calculations.

V2N-58

(E) The hypothetical Account Value on the Contract Anniversary and on the date of the withdrawal includes deduction of all separate account charges and is before any withdrawal.

(F) The first calendar year begins on June 27, the Contract Date. On this day, the Benefit Base ($100,000) is set equal to the initial premium ($100,000).

The Withdrawal Percentage (4.00%) is equal to the Age Based Percentage (4.00%) plus the cumulative Deferral Percentage (0%) plus the First Year Deferral Percentage (0%).

Since the covered person is at least age 60 on the date the Rider is issued, the LPA is available. It is calculated as the Withdrawal Percentage multiplied by the Benefit Base:

• 4.0% (Withdrawal Percentage) x $100,000 (Benefit Base) = $4,000 (LPA).

Since this is the first calendar year, the LPA is multiplied by a pro rata portion of the calendar year that remains. The pro rata factor is the number of days remaining in the calendar year divided by the total number of days in the calendar year:

• 187 (Days remaining in calendar year) / 365 (Total days in calendar year assuming a non-leap year) x $4,000 (LPA) = $2,049 (1st Year LPA).

(G) Since no withdrawal was taken in calendar year 1 and since the Contract Date was June 27, the First Year Deferral Percentage is determined as 0.050%. The Withdrawal Percentage (4.050%) is equal to the Age Based Percentage (4.00%) plus the cumulative Deferral Percentage (0%) plus the First Year Deferral Percentage (0.050%).

The LPA is determined as the Withdrawal Percentage multiplied by the Benefit Base:

• 4.050% (Withdrawal Percentage) x $100,000 (Benefit Base) = $4,050 (LPA).

(H) An additional premium of $10,000 is made during calendar year 2. Since this premium is during the first contract year, the Benefit Base is increased by the amount of the premium.

• $100,000 (Benefit Base) + $10,000 (additional premium amount) = $110,000 Benefit Base after the additional premium.

(I) In calendar year 2, the Benefit Base increases to $112,614 because the hypothetical Account Value on the Contract Anniversary ($112,614) is larger than the Benefit Base ($110,000). In calendar years 3 and 4, the Benefit Base again increases to the Account Value, because the Account Value on the Contract Anniversary is larger than the Benefit Base. In calendar years 5 and later, the Benefit Base is always larger than the Account Value on the Contract Anniversary, and thus is not stepped up.

(J) Since no withdrawal was taken in calendar year 2, the cumulative Deferral Percentage is increased by 0.10%. The Withdrawal Percentage (4.150%) in calendar year 3 is equal to the Age Based Percentage (4.00%) plus the cumulative Deferral Percentage (0.10%) plus the First Year Deferral Percentage (0.050%).

The LPA is determined as the Withdrawal Percentage multiplied by the Benefit Base:

• 4.150% (Withdrawal Percentage) x $112,614 (Benefit Base) = $4,673 (LPA).

Since no withdrawal was taken in calendar year 3, the cumulative Deferral Percentage is again increased by 0.10%. The Withdrawal Percentage (4.250%) in calendar year 4 is equal to the Age Based Percentage (4.00%) plus the cumulative Deferral Percentage (0.20%) plus the First Year Deferral Percentage (0.050%).

The LPA is determined as the Withdrawal Percentage multiplied by the Benefit Base:

• 4.250% (Withdrawal Percentage) x $116,985 (Benefit Base) = $4,972 (LPA).

Since no withdrawal was taken in calendar year 4, the cumulative Deferral Percentage is again increased by 0.10%. The Withdrawal Percentage (4.350%) in calendar year 5 is equal to the Age Based Percentage (4.00%) plus the cumulative Deferral Percentage (0.30%) plus the First Year Deferral Percentage (0.050%).

The LPA is determined as the Withdrawal Percentage multiplied by the Benefit Base:

• 4.350% (Withdrawal Percentage) x $121,300 (Benefit Base) = $5,277 (LPA).

V2N-59

(K) Since no withdrawal was taken in calendar year 5, the cumulative Deferral Percentage is again increased by 0.10%. The Age Based Percentage has changed to 4.50% because the covered person is now 65. The Withdrawal Percentage (4.950%) in calendar year 6 is equal to the Age Based Percentage (4.50%) plus the cumulative Deferral Percentage (0.40%) plus the First Year Deferral Percentage (0.050%).

The LPA is determined as the Withdrawal Percentage multiplied by the Benefit Base:

• 4.95% (Withdrawal Percentage) x $121,300 (Benefit Base) = $6,004 (LPA).

Because there is a withdrawal during calendar year 6, the Age Based Percentage is locked at 4.50%.

(L) An additional premium of $10,000 is made during calendar year 10. Since this premium is paid after the first Contract Year, the premium has no impact on the Benefit Base. All premiums received are immediately applied to the Account Value. For this example, we have used hypothetical Account Values in an effort to reflect market fluctuations between -6% and +6% annually. In the case of this $10,000 additional premium in Contract Year 10, the premium was applied to the Account Value, but because the hypothetical Account Value also reflects market losses, the $10,000 additional premium, assumed to be made on February 10, had declined in value by the Contract Anniversary on June 27. The evolution of the hypothetical Account Value can be seen by tracking the Account Value from June 27 of year 9 to year 10. The Account Value goes from $99,338 to $102,098 throughout the year, an increase of $2,760. During that Contract Year, there is a $6,004 withdrawal taken on October 8 and a $10,000 premium applied the following February 10; the premium is $3,996 larger than the withdrawal. That means the market experience resulted in a downward movement of $1,236 ($3,996 - $2,760) throughout the year.

• $99,338          Account Value on June 27 of year 9

• -   $6,004          Withdrawal on October 8

• +$10,000          Premium on February 10

• -   $1,236          Market experience

• = $102,098       Account Value on June 27 of year 10

(M) In calendar year 14, a Nonguaranteed Withdrawal in the amount of $776 ($6,780 amount withdrawn - $6,004 LPA) is taken. The Adjusted Nonguaranteed Withdrawal amount is the Nonguaranteed Withdrawal amount multiplied by the greater of 1.0 and the ratio of the Benefit Base to the Account Value, where both values are calculated immediately before the Nonguaranteed Withdrawal. For this calculation, the Account Value before the Nonguaranteed Withdrawal is $72,977, equal to the Account Value before any withdrawal ($78,981) minus the LPA ($6,004). It is calculated as follows:

• $776 (Nonguaranteed Withdrawal amount) x the greater of 1.0 and 1.6622 ($121,300 Benefit Base divided by $72,977 Account Value) = $1,290 (Adjusted Nonguaranteed Withdrawal amount).

The Benefit Base is reduced by the Adjusted Nonguaranteed Withdrawal amount:

• $121,300 (Benefit Base) - $1,290 (Adjusted Nonguaranteed Withdrawal amount) = $120,010 Benefit Base after the Nonguaranteed Withdrawal.

(N) In calendar year 27, the Account Value is reduced to zero after the withdrawal; however, the Benefit Base is greater than zero. Therefore, the Rider enters Guaranteed Payment Phase and payments of the LPA continue.

V2N-60

Example #2

This example illustrates the Spousal GLWB Rider where withdrawals equal to the LPA as well as Nonguaranteed Withdrawals have been taken and increases to the Withdrawal Percentage have been applied. It also illustrates the termination of the Rider if the Account Value is reduced to zero by a Nonguaranteed Withdrawal. All amounts in the table are rounded to the nearest $1.00 in this example.

Assumptions:

• The Contract Date is August 8.

• The covered persons' ages on Contract Date are: owner is 60 and spouse is 57.

• The Initial premium is $100,000; no additional premiums are paid.

• Withdrawals equal to LPA are taken in calendar years 4-13.

• A Nonguaranteed Withdrawal equal to $10,000 in calendar year 3.

• Full Account Value is withdrawn in calendar year 14.

• No withdrawals are taken that would result in withdrawal charges under the contract.

• The RMD is not higher than the LPA in any calendar year.

• The Rider remains in effect during the period covered in this example.

	As of January 1 (A)					As of August 8 (B)		As of October 8 (C)
Calendar Year	Covered Persons' Ages		Withdrawal Percentage	Benefit Base	LPA	Hypothetical Account Value (D)	Benefit Base after Step-Up	Hypothetical Account Value (D)	Annual Withdrawal	Adjusted Nonguaranteed Withdrawal	Benefit Base After Withdrawal
	Owner	Spouse
1 (E)	60 (E)	57 (E)	N/A	$100,000 (E)	N/A	$100,000(E)	$100,000(E)	$99,625	$0	$0	$100,000
2	61	58	N/A	$100,000	N/A	$103,610	$103,610(F)	$103,492	$0	$0	$103,610
3	62	59	N/A	$103,610	N/A	$106,597	$106,597	$107,299	$10,000 (G)	$10,000 (G)	$96,597 (G)
4	63	60	4.125% (H)	$96,597	$3,586(H)	$95,353	$96,597	$96,051	$3,586	$0	$96,597
5	64	61	4.125%	$96,597	$3,586	$90,616	$96,597	$91,354	$3,586	$0	$96,597
6	65	62	4.125%	$96,597	$3,586	$87,767	$96,597	$87,334	$3,586	$0	$96,597
7	66	63	4.125%	$96,597	$3,586	$80,398	$96,597	$80,850	$3,586	$0	$96,597
8	67	64	4.125%	$96,597	$3,586	$78,809	$96,597	$78,137	$3,586	$0	$96,597
9	68	65	4.125%	$96,597	$3,586	$74,550	$96,597	$75,033	$3,586	$0	$96,597
10	69	66	4.125%	$96,597	$3,586	$70,018	$96,597	$70,075	$3,586	$0	$96,597
11	70	67	4.125%	$96,597	$3,586	$67,154	$96,597	$67,561	$3,586	$0	$96,597
12	71	68	4.125%	$96,597	$3,586	$61,415	$96,597	$61,764	$3,586	$0	$96,597
13	72	69	4.125%	$96,597	$3,586	$59,341	$96,597	$58,952	$3,586	$0	$96,597
14	73	70	4.125%	$96,597	$3,586	$55,919	$96,597	$56,320	$56,320 (I)	N/A	$0
15	74	71	N/A	$0	$0	$0	$0	$0	$0	$0	$0

(A) The covered persons' ages for each year are as of January 1. Also, each January 1 on or after the LPA Eligibility Date, the LPA is equal to the applicable Withdrawal Percentage multiplied by the Benefit Base.

V2N-61

(B) Any applicable step-up is applied on the Contract Anniversary, which is August 8 of each year.

(C) Any applicable withdrawal is assumed to occur one time per year on October 8. For purposes of this example, we selected October 8 as the assumed date of withdrawals. Since withdrawals may be made throughout the year, we hoped to accurately demonstrate the effect on the contract values by using a random date other than the Contract Anniversary and January 1, which are the two key dates in the GLWB Rider calculations.

(D) The hypothetical Account Value on the Contract Anniversary and on the date of the withdrawal includes deduction of all separate account charges and is before any withdrawal.

(E) The first calendar year begins on August 8, the Contract Date. On this day, the Benefit Base ($100,000) is set equal to the initial premium ($100,000). Since the LPA is not available until the LPA Eligibility Date, the Withdrawal Percentage and the LPA are not applicable.

(F) In calendar year 2, the Benefit Base increases to $103,610 because the hypothetical Account Value on the Contract Anniversary ($103,610) is larger than the Benefit Base ($100,000). In calendar year 3, the Benefit Base again increases to the Account Value, because the Account Value on the Contract Anniversary is larger than the Benefit Base. In calendar years 4 and later, the Benefit Base is always larger than the Account Value on the Contract Anniversary, and thus is not stepped up.

(G) In calendar year 3, a Nonguaranteed Withdrawal in the amount of $10,000 is taken. The Adjusted Nonguaranteed Withdrawal amount is the Nonguaranteed Withdrawal amount multiplied by the greater of 1.0 or the ratio of the Benefit Base to the Account Value, where both values are calculated immediately before the Nonguaranteed Withdrawal. It is calculated as follows:

• $10,000 (Nonguaranteed Withdrawal amount) x the greater of 1.0 and 0.9935 ($106,597 Benefit Base divided by $107,299 Account Value) = $10,000 (Adjusted Nonguaranteed Withdrawal amount).

The Benefit Base is reduced by the Adjusted Nonguaranteed Withdrawal amount:

• $106,597 (Benefit Base) - $10,000 (Adjusted Nonguaranteed Withdrawal amount) =$96,597 Benefit Base after the Nonguaranteed Withdrawal.

(H) January 1 of calendar year 4 is the LPA Eligibility Date; thus, the LPA is now available. Since no withdrawal was taken in calendar year 1 and since the Contract Date was August 8, the First Year Deferral Percentage is 0.025%. Since no withdrawal was taken in calendar year 2, the cumulative Deferral Percentage is 0.10%. The Age Based Percentage (4.00%) is based on the age of the younger covered person. The Withdrawal Percentage (4.125%) is equal to the Age Based Percentage (4.00%) plus the Cumulative Deferral Percentage (0.10%) plus the First Year Deferral Percentage (0.025%).

The LPA is determined as the Withdrawal Percentage multiplied by the Benefit Base multiplied by the Spousal Factor:

• 4.125% (Withdrawal Percentage) x $96,597 (Benefit Base) x 90% (Spousal Factor) = $3,586 (LPA).

Because there is a withdrawal during calendar year 4, the Age Based Percentage is locked at 4.0%.

(I) A Nonguaranteed Withdrawal reduces the Account Value to zero in calendar year 14 and the Rider and annuity contract terminate.

V2N-62

THIS PAGE INTENTIONALLY LEFT BLANK

V2N-63

To request a copy of the Statement of Additional Information for the National Integrity Life VAROOM II variable annuity, dated May 1, 2017, remove this page and mail it to us at the Administrative Office listed in the Glossary.

Name:____________________________ Phone:____________________________ Address:______________________________ ______________________________________

V2N-64

STATEMENT OF ADDITIONAL INFORMATION

May 1, 2017

VAROOM and VAROOM^® II Deferred Flexible Premium Variable Annuities

Issued By National Integrity Life Insurance Company

Through Separate Account I of National Integrity Life Insurance Company

This Statement of Additional Information (SAI) is not a prospectus. It should be read in conjunction with the applicable variable annuity prospectus dated May 1, 2017.

A copy of the prospectuses to which this SAI relates is available at no charge by writing the Administrative Office at National Integrity Life Insurance Company, PO Box 5720 Cincinnati, Ohio 45201-5720, or by calling 1-800-433-1778.

Table of Contents	Page
General Information and History.........................................................................................................	1
Administration and Distribution of the Contracts..................................................................................	1
Performance Data and Illustrations....................................................................................................	2
Distributions from Tax-Favored Retirement Programs	4
Financial Statements	4

General Information and History

National Integrity Life Insurance Company (National Integrity) is a New York life insurance company organized onNovember 22, 1968. The administrative office is located at 400 Broadway, Cincinnati, Ohio 45202. National Integrity, the depositor of Separate Account I, is a wholly owned subsidiary of Integrity Life Insurance Company (Integrity), an Ohio life insurance company, which is a wholly owned subsidiary of The Western and Southern Life Insurance Company (WSLIC), an Ohio life insurance company organized on February 23, 1888. WSLIC is a wholly owned subsidiary of Western & Southern Financial Group, Inc., an Ohio corporation, which is wholly owned by Western & Southern Mutual Holding Company, an Ohio mutual insurance holding company.

Administration and Distribution of the Contracts

Administration

National Integrity has responsibility for administration of Separate Account I (the Separate Account) and the variable annuity contracts issued through the Separate Account (Contracts). National Integrity has entered into Service Agreements with Integrity and WSLIC to provide certain services, including administrative services for the Separate Account and the Contracts. Compensation for these services, which is paid by National Integrity, is based on the charges and expenses incurred by the service provider, and will reflect actual costs to the extent reasonably possible.

Custodian

Mid Atlantic Trust Company (MATC), 330 South Poplar, Suite 103, Pierre, SD 57501, is the custodian for the exchange-traded funds (ETFs) held by the Subaccounts. MATC provides certain services to the Separate Account, including custody of and accounting services for the ETFs owned by the Separate Account. MATC also facilitates execution of the purchase and sale of the ETFs through broker-dealers.

Underwriter

Touchstone Securities, Inc. (Touchstone Securities), 400 Broadway, Cincinnati, Ohio 45202, an indirect subsidiary of WSLIC and an affiliate of National Integrity, is the principal underwriter of the Contracts. Touchstone Securities is registered under the Securities Exchange Act of 1934 as a broker-dealer and is a member in good standing of the Financial Industry Regulatory Authority (FINRA). The Contracts are offered through Touchstone Securities on a

continuous basis. The amount of distribution allowances paid to Touchstone Securities, the principal underwriter, for all variable annuity contracts issued by National Integrity was $2,334,793 in 2016, $3,492,143 in 2015, and $3,847,204 in 2014. Touchstone Securities did not retain distribution allowances during these years.

Sales

The Contracts are sold by insurance agents licensed in the states where the Contracts may be lawfully sold.  The agents are also registered representatives of broker-dealers, which are registered under the Securities Exchange Act of 1934 and are members of FINRA.

We make payments to the broker-dealer firms that distribute our variable annuity contracts in the form of commissions and other incentives. We may make payments in the form of expense reimbursements or marketing allowances to the broker-dealers that distribute our Contracts in exchange for privileges, including additional or special access to broker-dealers' sales staff, opportunities to provide and attend training and other conferences, and marketing enhancements of our Contracts. The method for calculating any additional compensation may include consideration of the level of sales or assets attributable to the firm. Not all broker-dealers receive additional compensation and the amount of compensation varies by firm. These payments could be significant to a firm, and could create a conflict of interest between the firm or representative and the customer. These payments could provide incentive to a firm or representative to recommend a Contract that is not in a customer’s best interest. We generally choose to compensate broker-dealers that have a strong capability to distribute the Contracts and that are willing to cooperate with our promotional efforts.

The following list includes the names of firms that received expense reimbursement or marketing allowance payments of more than $5,000 with respect to variable annuities sold for Integrity National Integrity during the last calendar year.

Arvest Wealth Management	Hancock Investment Services, Inc.
Bancwest Investment Services, Inc.	Infinex Investments, Inc.
Cetera Investment Services LLC	LPL Financial Corporation
CUSO Financial Services, L.P.	US Bancorp Investments, Inc.
Fifth Third Securities, Inc.

Performance Data and Illustrations

We may provide performance information and illustrations using performance information. Performance information may be based on historical returns of the subaccounts. At any time in the future, performance will likely be higher or lower than in the past. Historical performance does not predict future results.

Performance Data

In advertisements or in information furnished to you, we may provide the average annual total return and the cumulative total return of the units of the subaccounts. The money market option may also from time to time include the yield and effective yield of its units. Performance information is computed separately for each subaccount in accordance with the formulas described below.

Total return reflects all aspects of the return of a subaccount, including the automatic reinvestment of all distributions and the deduction of all charges that apply on an annual basis. Performance represents annualized percentage change in net assets of a subaccount, based on a hypothetical $1,000 investment, the performance of the underlying portfolios and the charges that would have been made during the periods shown. Premium taxes, if applicable, are not reflected.

Average annual total returns are calculated by determining the growth or decline in value of a hypothetical investment in the subaccount over certain periods, including 1, 3, 5, and 10 years and then calculating the annually compounded percentage rate that would have produced the same result if the rate of growth or decline in value had been constant over the period. 

2

Investors should realize that a subaccount's performance is not constant over time, but changes from year to year, and that the average annual returns represent the averages of historical periods as opposed to the actual historical performance of a subaccount during any portion of the period shown. Average annual returns are calculated using this formula:

P (1+T)ⁿ = ERV, where P is a hypothetical initial payment of $1,000, T is the average annual total return, n is the number of years, and ERV is the redeemable value at the end of the period.

Standardized returns are average annual total returns calculated from the subaccount inception date, which represents the date the subaccount was available in the Contract. Standardized returns reflect the deduction of all Contract expenses, including underlying fund expenses, the annual separate account charges and the withdrawal charge. The cost of the optional guaranteed lifetime withdrawal benefit rider is not included. If the cost of the rider were included, the returns would be lower.

Non-standardized returns are calculated from the fund inception date, which represents the inception date of the underlying fund, rather than the date it was included in the Contract. Performance that predates the inclusion in the Contract is hypothetical and has been adjusted to include Contract expenses. Two sets of non-standardized returns may be presented, each reflecting the deduction of underlying fund expenses and the annual separate account charge. One set also reflects the withdrawal charge. The cost of the guaranteed lifetime withdrawal benefit rider is not included. If the cost of the rider were included, the returns would be lower.

Cumulative total returns are unaveraged and reflect the simple percentage change in the value of a hypothetical investment in the subaccount over a stated period of time. In addition to the period since inception, cumulative total returns may be calculated on a year-to-date basis at the end of each calendar month in the current calendar year. The last day of the period for year-to-date returns is the last day of the most recent calendar month at the time of publication.

Yields quoted in advertising reflect the change in value of a hypothetical investment in a subaccount over a stated period of time, not taking into account capital gains or losses, or any withdrawal charge. Yields are annualized and stated as a percentage.

Current yield and effective yield are calculated for the money market option. Current yield is based on the change in the value of a hypothetical investment (exclusive of capital changes) over a particular 7-day period, less Contract charges that would have applied during the period (the base period), and stated as a percentage of the investment at the start of the base period (the base period return). The base period return is then annualized by multiplying by 365/7, with the resulting yield figure carried to at least the nearest hundredth of one percent.

Effective yield assumes that all dividends received during an annual period have been reinvested. This compounding effect causes effective yield to be higher than current yield. Calculation of effective yield begins with the same base period return used in the calculation of current yield, which is then annualized to reflect weekly compounding pursuant to the following formula:    

Effective Yield = [(Base Period Return + 1)^365/7] – 1

Individualized Illustrations

National Integrity may provide computer-generated illustrations using programs available through third party firms to provide registered representatives and existing or potential Contracts owners with individualized hypothetical illustrations. The illustrations may include contract values and returns for some or all of the subaccounts. Such illustrations may include graphs, bar charts and other types of formats.

Hypothetical values may be based on: (i) the results of a hypothetical contribution to a Contract invested in a single or multiple subaccounts using standardized and non-standardized average annual returns; or (ii) the results of a hypothetical contribution to a Contract using either static or variable assumed rates of return, as allowed by law.

3

Distributions from Tax-Favored Retirement Programs

Distributions from tax-favored plans are subject to certain restrictions. Owners of traditional and SEP IRAs must begin receiving distributions by April 1 of the calendar year following the year in which the owner or participant reaches age 70½. If you do not take mandatory distributions, you may owe a 50% penalty tax on any difference between the required distribution amount and the amount distributed. There are no mandatory distributions from Roth IRAs during the owner’s lifetime. After death, distribution rules apply to traditional and Roth IRAs.

We are not permitted to make distributions from a Contract unless a request has been made. It is therefore your responsibility to comply with the minimum distribution rules. You should consult your tax adviser regarding these rules and their proper application.

The above description of the minimum distribution requirements and the federal income tax consequences of distributions from tax-favored retirement plans which may be funded by the Contract is only a brief summary and is not intended as tax advice. The rules governing the provisions of plans are extremely complex and often difficult to comprehend. If you do not fully comply with all rules, which are subject to change, you may suffer adverse tax consequences. You should consult a qualified and competent tax adviser prior to adopting a plan or purchasing a Contract in connection with a tax-favored plan.

Financial Statements

The financial statements of Separate Account I of National Integrity Life Insurance Company as of December 31, 2016, and for the periods indicated in the financial statements, included in this Statement of Additional Information have been audited by Ernst & Young LLP, 312 Walnut Street, Cincinnati, Ohio 45202, independent registered public accounting firm, as set forth in their reports included thereon. These financial statements are included in this registration statement in reliance on the reports of Ernst & Young LLP given on the authority of such firm as experts in accounting and auditing.

The statutory-basis financial statements of National Integrity Life Insurance Company as of December 31, 2016 and 2015 and for each of the three years in the period ended December 31, 2016, and the statutory-basis financial statements of The Western and Southern Life Insurance Company (WSLIC) as of December 31, 2016 and 2015 and for each of the three years in the period ended December 31, 2016, included in this Statement of Additional Information have been audited by Ernst & Young LLP, 312 Walnut Street, Cincinnati, Ohio 45202, independent auditors, as set forth in their reports included thereon. These financial statements are included in this registration statement in reliance on the reports of Ernst & Young LLP given on the authority of such firm as experts in accounting and auditing.

You should distinguish the statutory-basis financial statements of National Integrity from the financial statements of the Separate Account and consider the National Integrity statutory-basis financial statements only as they relate to the ability of National Integrity to meet its obligations under the Contracts. You should consider the statutory-basis financial statements of WSLIC as bearing only on the ability of WSLIC to meet its obligations under its guarantee to National Integrity policyholders dated March 3, 2000. You should not consider the National Integrity or WSLIC statutory-basis financial statements as relating to the investment performance of the assets held in the Separate Account.

4

FINANCIAL STATEMENTS

Separate Account I of National Integrity Life Insurance Company

Year Ended December 31, 2016

With Report of Independent Registered

Public Accounting Firm

Separate Account I

of

National Integrity Life Insurance Company

Financial Statements

Year Ended December 31, 2016

Contents
Report of Independent Registered Public Accounting Firm	1
Financial Statements
Statements of Assets and Liabilities as of December 31, 2016	2
Statements of Operations for the Year ended December 31, 2016	13
Statements of Changes in Net Assets for the Year ended December 31, 2016	31
Statements of Changes in Net Assets for the Year ended December 31, 2015	45
Notes to Financial Statements	59

2

Report of Independent Registered Public Accounting Firm

The Contract Owners of Separate Account I of National Integrity Life Insurance Company and

The Board of Directors of National Integrity Life Insurance Company

We have audited the accompanying statements of assets and liabilities of the subaccounts of Separate Account I of National Integrity Life Insurance Company (the “Separate Account”) (comprising the subaccounts included in these financial statements) as of December 31, 2016, and the related statements of operations for the year then ended, and changes in net assets for each of the two years in the period then ended. 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 conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Separate Account’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Separate Account’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of December 31, 2016, by correspondence with the fund companies or their transfer agents. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of each of the respective subaccounts constituting Separate Account I of National Integrity Life Insurance Company at December 31, 2016, and the results of their operations for the year then ended and the changes in their net assets for each of the two years in the period then ended in conformity with U.S. generally accepted accounting principles.

As discussed in Note 1 to the financial statements, the statement of changes in net assets for the year ended December 31, 2015 has been restated for two subaccounts to correct errors related to contract terminations and benefits and net transfers among investment options. Also, the total return within the financial highlights in the footnotes related to the year ended December 31, 2014 has been restated for two subaccounts to disclose the correct total return.

/s/ Ernst & Young LLP

Cincinnati, Ohio                        

April 28, 2017

1

Separate Account I

of

National Integrity Life Insurance Company

Statements of Assets and Liabilities

December 31, 2016

Subaccount	Investments at fair value		Receivable from  (payable to)  the general account  of Integrity			Net Assets		Unit Value		Units Outstanding
Affiliated:
Touchstone Aggressive ETF (AdvantEdge )	$	416,396	$	(6	)	$	416,390	$	14.40	28,913
Touchstone Aggressive ETF (AnnuiChoice ®)	408,953		(2		)	408,951		17.80		22,969
Touchstone Aggressive ETF (AnnuiChoice II )	451,666		(5		)	451,661		21.16		21,343
Touchstone Aggressive ETF (GrandMaster flex3 )	1,098,715		—			1,098,715		16.64		66,018
Touchstone Aggressive ETF (Grandmaster )	271,286		—			271,286		17.06		15,905
Touchstone Aggressive ETF (IQ Annuity )	704,247		(2		)	704,245		16.85		41,799
Touchstone Aggressive ETF (Pinnacle )	692,843		1			692,844		17.06		40,620
Touchstone Aggressive ETF (Pinnacle IV )	867,119		(2		)	867,117		16.85		51,465
Touchstone Aggressive ETF (Pinnacle Plus Reduced M&E )	143,305		1			143,306		15.59		9,192
Touchstone Aggressive ETF (Pinnacle Plus )	161,195		(1		)	161,194		16.40		9,830
Touchstone Aggressive ETF (Pinnacle V )	878,471		(2		)	878,469		20.51		42,826
Touchstone Conservative ETF (AdvantEdge )	120,357		—			120,357		12.93		9,307
Touchstone Conservative ETF (AnnuiChoice II )	342,780		3			342,783		15.04		22,789
Touchstone Conservative ETF (AnnuiChoice )	11,365		(1		)	11,364		15.56		730
Touchstone Conservative ETF (GrandMaster flex3 )	608,290		(1		)	608,289		14.55		41,818
Touchstone Conservative ETF (Grandmaster )	176,357		2			176,359		14.91		11,830
Touchstone Conservative ETF (IQ Annuity )	1,417,043		3			1,417,046		14.73		96,229
Touchstone Conservative ETF (Pinnacle )	438,970		1			438,971		14.91		29,445
Touchstone Conservative ETF (Pinnacle IV )	1,178,185		2			1,178,187		14.73		80,006
Touchstone Conservative ETF (Pinnacle Plus Reduced M&E )	245,261		—			245,261		12.51		19,606
Touchstone Conservative ETF (Pinnacle Plus )	613,674		1			613,675		14.33		42,816
Touchstone Conservative ETF Fund (Pinnacle V )	2,343,634		—			2,343,634		14.58		160,746
Touchstone Active Bond (AdvantEdge )	225,638		1			225,639		12.60		17,909
Touchstone Active Bond (AnnuiChoice II )	86,748		—			86,748		13.84		6,268
Touchstone Active Bond (AnnuiChoice )	215,710		—			215,710		16.22		13,300
Touchstone Active Bond (GrandMaster flex3 )	131,035		1			131,036		14.49		9,045
Touchstone Active Bond (Grandmaster )	30,521		3			30,524		14.13		2,160
Touchstone Active Bond (IQ Annuity )	124,093		(1		)	124,092		15.12		8,209
Touchstone Active Bond (Pinnacle )	249,557		(5		)	249,552		14.98		16,654
Touchstone Active Bond (Pinnacle IV )	907,277		(2		)	907,275		14.76		61,452
Touchstone Active Bond (Pinnacle Plus Reduced M&E )	176,597		1			176,598		11.14		15,851
Touchstone Active Bond (Pinnacle Plus )	191,282		(3		)	191,279		13.40		14,276
Touchstone Active Bond (PinnacleV )	1,495,570		—			1,495,570		13.00		115,078
Touchstone GMAB Aggressive ETF (AnnuiChoice II )	165,787		1			165,788		20.19		8,209
Touchstone GMAB Aggressive ETF (Pinnacle IV )	284,706		1			284,707		19.73		14,433
Touchstone GMAB Aggressive ETF (Pinnacle V )	186,133		3			186,136		19.57		9,511
Touchstone GMAB Conservative ETF (Pinnacle IV )	79,500		(1		)	79,499		14.02		5,670
Touchstone GMAB Conservative ETF (Pinnacle V )	152,676		(2		)	152,674		13.91		10,976
Touchstone GMAB Moderate ETF (Pinnacle IV )	638,477		2			638,479		17.09		37,370
Touchstone GMAB Moderate ETF(Pinnacle V )	257,133		(2		)	257,131		16.95		15,169
Touchstone Large Cap Core Equity (AdvantEdge )	145,341		(1		)	145,340		15.50		9,377
Touchstone Large Cap Core Equity (AnnuiChoice II )	266,725		—			266,725		16.92		15,766
Touchstone Large Cap Core Equity (AnnuiChoice )	27,904		(2		)	27,902		19.44		1,435
Touchstone Large Cap Core Equity (GrandMaster flex3 )	39,096		1			39,097		19.66		1,989
Touchstone Large Cap Core Equity (Grandmaster )	71,934		(1		)	71,933		19.12		3,762
Touchstone Large Cap Core Equity (IQ Annuity )	394,798		—			394,798		18.76		21,045
Touchstone Large Cap Core Equity (Pinnacle )	1,283,882		1			1,283,883		19.93		64,429
Touchstone Large Cap Core Equity (Pinnacle IV )	351,033		1			351,034		19.63		17,879
Touchstone Large Cap Core Equity (Pinnacle II Reduced M&E )	54,910		(1		)	54,909		20.17		2,722
Touchstone Large Cap Core Equity (Pinnacle Plus Reduced M&E )	141,565		—			141,565		17.85		7,931
Touchstone Large Cap Core Equity (Pinnacle Plus )	87,123		(2		)	87,121		20.00		4,356
Touchstone Large Cap Core Equity (PinnacleV )	785,964		2			785,966		13.54		58,069
Touchstone Focused (AdvantEdge )	492,038		(7		)	492,031		17.86		27,542
Touchstone Focused (AnnuiChoice II )	1,746,816		(6		)	1,746,810		21.03		83,053
Touchstone Focused (AnnuiChoice )	483,060		—			483,060		33.83		14,281
Touchstone Focused (GrandMaster flex3 )	1,095,396		(7		)	1,095,389		31.51		34,763
Touchstone Focused (Grandmaster )	658,228		1,056			659,284		26.67		24,683
Touchstone Focused (IQ Annuity )	2,744,901		1			2,744,902		33.80		81,203
Touchstone Focused (Pinnacle )	4,174,639		1,806			4,176,445		30.59		136,458
Touchstone Focused (Pinnacle IV )	2,950,631		105			2,950,736		30.14		97,891
Touchstone Focused (Pinnacle II Reduced M&E )	65,023		1			65,024		30.97		2,099
Touchstone Focused (Pinnacle Plus Reduced M&E )	698,816		(3		)	698,813		18.90		36,970
Touchstone Focused (Pinnacle Plus )	404,955		5			404,960		30.43		13,309
See accompanying notes.
* - 2016 inception date of subaccount.

2

Separate Account I

of

National Integrity Life Insurance Company

Statements of Assets and Liabilities (continued)

December 31, 2016

Subaccount	Investments at fair value		Receivable from  (payable to)  the general account  of Integrity			Net Assets		Unit Value		Units Outstanding
Affiliated (continued):
Touchstone Focused (PinnacleV )	$	3,086,281	$	8		$	3,086,289	$	16.86	183,011
Touchstone Moderate ETF (AdvantEdge )	1,107,967		7			1,107,974		13.96		79,372
Touchstone Moderate ETF (AnnuiChoice II )	744,411		(2		)	744,409		14.27		52,173
Touchstone Moderate ETF (AnnuiChoice )	230,845		(1		)	230,844		17.06		13,529
Touchstone Moderate ETF (GrandMaster flex3 )	661,071		—			661,071		15.95		41,447
Touchstone Moderate ETF (Grandmaster )	147,713		(3		)	147,710		16.35		9,036
Touchstone Moderate ETF (IQ Annuity )	1,299,630		3			1,299,633		16.15		80,489
Touchstone Moderate ETF (Pinnacle )	406,582		1			406,583		16.35		24,873
Touchstone Moderate ETF (Pinnacle IV )	1,293,145		(2		)	1,293,143		16.15		80,085
Touchstone Moderate ETF (Pinnacle Plus Reduced M&E )	676,416		(2		)	676,414		14.23		47,544
Touchstone Moderate ETF (Pinnacle Plus )	506,961		(2		)	506,959		15.72		32,258
Touchstone Moderate ETF (Pinnacle V )	1,600,462		3			1,600,465		13.77		116,189
Non-Affiliated Initial Class:
Fidelity VIP Balanced (Pinnacle )	880,231		3			880,234		15.55		56,623
Fidelity VIP Balanced (Grandmaster )	1,191,316		2			1,191,318		25.32		47,053
Fidelity VIP Overseas (Pinnacle )	83,760		4			83,764		8.89		9,419
Fidelity VIP Overseas (Pinnacle IV )	75,690		—			75,690		8.81		8,595
Fidelity VIP Equity-Income (Grandmaster )	8,835,873		471			8,836,344		87.12		101,417
Fidelity VIP Equity-Income (Pinnacle )	986,593		(9		)	986,584		24.70		39,950
Fidelity VIP Equity-Income (Pinnacle II Reduced M&E )	15,891		4			15,895		25.00		636
Fidelity VIP Growth (Grandmaster )	4,047,877		(2		)	4,047,875		104.54		38,720
Fidelity VIP High Income (Grandmaster )	1,948,705		1			1,948,706		27.12		71,850
Fidelity VIP II Asset Manager (Grandmaster )	3,136,765		(5		)	3,136,760		49.50		63,374
Fidelity VIP II Contrafund (Grandmaster )	8,580,521		(1		)	8,580,520		68.28		125,663
Fidelity VIP II Contrafund (Pinnacle )	4,313,077		18			4,313,095		34.69		124,345
Fidelity VIP II Contrafund (Pinnacle II Reduced M&E )	39,547		(1		)	39,546		35.12		1,126
Fidelity VIP II Index 500 (Grandmaster )	2,829,264		(124		)	2,829,140		56.64		49,951
Fidelity VIP II Index 500 (IQ3 )	29,738		(7		)	29,731		56.64		525
Fidelity VIP II Index 500 (Pinnacle )	1,581,583		12			1,581,595		16.13		98,078
Fidelity VIP II Index 500 (Pinnacle IV )	1,391		(7		)	1,384		15.97		87
Fidelity VIP II Index 500 (Pinnacle II Reduced M&E )	24,840		13			24,853		16.33		1,522
Fidelity VIP II Investment Grade Bond (Pinnacle )	575,389		(2		)	575,387		13.35		43,092
Fidelity VIP II Investment Grade Bond (Pinnacle IV )	533,691		—			533,691		13.22		40,363
Fidelity VIP II Investment Grade Bond (AnnuiChoice )	7,016		(1		)	7,015		13.82		508
Fidelity VIP II Investment Grade Bond (Grandmaster flex3 )	18,172		—			18,172		13.09		1,388
Fidelity VIP II Investment Grade Bond (Grandmaster )	960,939		2			960,941		35.62		26,978
Fidelity VIP II Investment Grade Bond (IQ Annuity )	27,939		—			27,939		13.22		2,113
Fidelity VIP II Investment Grade Bond (Pinnacle Plus Reduced M&E )	71,323		(2		)	71,321		11.30		6,313
Fidelity VIP Government Money Market IC (Pinacle )	734,402		(4		)	734,398		9.80		74,977
Fidelity VIP Government Money Market IC (Pinacle II )	18,167		2			18,169		9.84		1,847
Fidelity VIP Government Money Market IC (Pinacle IV )	813,374		1			813,375		9.78		83,182
Fidelity VIP Government Money Market IC (Pinacle V )	564,688		(3		)	564,685		9.76		57,848
Fidelity VIP Government Money Market IC (Pinnacle Plus )	3,012,627		7			3,012,634		9.74		309,260
Fidelity VIP Government Money Market IC (Pinnacle Plus Reduced M&E )	187,196		—			187,196		9.83		19,046
Fidelity VIP Government Money Market IC (GrandMaster )	1,220,053		(1		)	1,220,052		9.80		124,558
Fidelity VIP Government Money Market IC (GrandMaster flex3 )	58,892		—			58,892		9.76		6,033
Fidelity VIP Government Money Market IC (AdvantEdge )	262,784		—			262,784		9.75		26,944
Fidelity VIP Government Money Market IC (AnnuiChoice )	174,047		(1		)	174,046		9.85		17,663
Fidelity VIP Government Money Market IC (AnnuiChoice 2 )	148,849		(2		)	148,847		9.83		15,144
Fidelity VIP Government Money Market IC (IQ3 )	812,457		2			812,459		9.78		83,088
Fidelity VIP Government Money Market (Varoom GLWB 3)*	28,079		—			28,079		9.95		2,821
Fidelity VIP Government Money Market (Varoom GLWB 5)*	5,203		1			5,204		9.93		524
Fidelity VIP Overseas (AnnuiChoice )	1,575		(2		)	1,573		9.20		171
Fidelity VIP Overseas (Grandmaster flex3 )	29,041		—			29,041		8.72		3,330
Fidelity VIP Overseas (Grandmaster )	995,926		—			995,926		34.91		28,529
Fidelity VIP Overseas (IQ Annuity )	17,013		(4		)	17,009		8.81		1,932
Fidelity VIP Overseas (Pinnacle Plus Reduced M&E )	11,789		1			11,790		11.42		1,032
Fidelity VIP Overseas (Pinnacle Plus )	2,782		—			2,782		8.62		323
Non-Affiliated Service Class:
Fidelity VIP Growth (Pinnacle )	324,423		(2		)	324,421		15.27		21,240
Fidelity VIP III Mid Cap (Grandmaster )	1,432,444		(1		)	1,432,443		56.52		25,345
Fidelity VIP III Mid Cap (Pinnacle )	1,929,122		2			1,929,124		58.03		33,243
Fidelity VIP III Mid Cap (Pinnacle II Reduced M&E )	4,146		(2		)	4,144		58.75		71
Non-Affiliated Service Class 2:
Fidelity VIP Asset Manager (IQ3 )	90,300		(3		)	90,297		16.22		5,567
Fidelity VIP Asset Manager (AdvantEdge )	99,001		—			99,001		12.76		7,761
Fidelity VIP Asset Manager (AnnuiChoice II )	165,145		—			165,145		15.27		10,815
Fidelity VIP Asset Manager (AnnuiChoice )	54,684		(4		)	54,680		17.94		3,048
Fidelity VIP Asset Manager (GrandMaster flex3 )	13,176		1			13,177		15.65		842
See accompanying notes.
* - 2016 inception date of subaccount.

3

Separate Account I

of

National Integrity Life Insurance Company

Statements of Assets and Liabilities (continued)

December 31, 2016

Subaccount	Investments at fair value		Receivable from  (payable to)  the general account  of Integrity			Net Assets		Unit Value		Units Outstanding
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Asset Manager (Pinnacle )	$	28,261	$	8		$	28,269	$	16.06	1,760
Fidelity VIP Asset Manager (Pinnacle IV )	154,725		2			154,727		15.86		9,759
Fidelity VIP Asset Manager (Pinnacle Plus Reduced M&E )	49,508		(2		)	49,506		13.09		3,783
Fidelity VIP Asset Manager (Pinnacle Plus )	21,454		2			21,456		16.12		1,331
Fidelity VIP Asset Manager (Pinnacle V )	328,493		(1		)	328,492		13.21		24,859
Fidelity VIP Balanced (AdvantEdge )	333,939		1			333,940		15.25		21,891
Fidelity VIP Balanced (AnnuiChoice II )	1,439,785		1			1,439,786		17.10		84,220
Fidelity VIP Balanced (AnnuiChoice )	289,412		1			289,413		20.94		13,820
Fidelity VIP Balanced (GrandMaster flex3 )	84,710		(4		)	84,706		20.46		4,141
Fidelity VIP Balanced (Grandmaster )	602,190		(2		)	602,188		19.04		31,620
Fidelity VIP Balanced (IQ3 )	218,238		(1		)	218,237		18.36		11,887
Fidelity VIP Balanced (Pinnacle )	300,836		(6		)	300,830		19.04		15,796
Fidelity VIP Balanced (Pinnacle IV )	863,923		4			863,927		20.74		41,647
Fidelity VIP Balanced (Pinnacle Plus Reduced M&E )	249,179		—			249,179		15.46		16,114
Fidelity VIP Balanced (Pinnacle Plus )	190,426		5			190,431		18.78		10,139
Fidelity VIP Balanced (Pinnacle V )	1,605,630		—			1,605,630		14.40		111,491
Fidelity VIP Contrafund (AdvantEdge )	1,324,279		3			1,324,282		15.55		85,149
Fidelity VIP Contrafund (AnnuiChoice II )	1,196,074		3			1,196,077		18.16		65,863
Fidelity VIP Contrafund (AnnuiChoice )	876,245		2			876,247		28.29		30,975
Fidelity VIP Contrafund (GrandMaster flex3 )	771,869		1			771,870		26.03		29,657
Fidelity VIP Contrafund (IQ Advisor Standard )	13,746		—			13,746		25.91		530
Fidelity VIP Contrafund (IQ3 )	1,526,189		3			1,526,192		23.80		64,127
Fidelity VIP Contrafund (Pinnacle IV )	3,245,953		4			3,245,957		27.26		119,070
Fidelity VIP Contrafund (Pinnacle Plus Reduced M&E )	759,680		1			759,681		17.97		42,271
Fidelity VIP Contrafund (Pinnacle Plus )	699,526		1			699,527		25.77		27,145
Fidelity VIP Contrafund (Pinnacle V )	7,606,159		5			7,606,164		15.18		501,040
Fidelity VIP Disciplined Small Cap (AnnuiChoice II )	302,217		(2		)	302,215		16.54		18,268
Fidelity VIP Disciplined Small Cap (AnnuiChoice )	40,796		—			40,796		16.79		2,430
Fidelity VIP Disciplined Small Cap (GrandMaster )	14,001		1			14,002		16.22		863
Fidelity VIP Disciplined Small Cap (IQ Annuity )	83,210		—			83,210		16.06		5,180
Fidelity VIP Disciplined Small Cap (Pinnacle )	119,311		2			119,313		16.22		7,355
Fidelity VIP Disciplined Small Cap (Pinnacle IV )	48,760		2			48,762		16.06		3,035
Fidelity VIP Disciplined Small Cap (Pinnacle Plus Reduced M&E )	2,396		—			2,396		20.89		115
Fidelity VIP Disciplined Small Cap (Pinnacle Plus )	45,630		(8		)	45,622		15.72		2,903
Fidelity VIP Disciplined Small Cap (Pinnacle V )	397,384		(2		)	397,382		16.01		24,817
Fidelity VIP Equity-Income (AnnuiChoice II )	395,153		(2		)	395,151		15.58		25,366
Fidelity VIP Equity-Income (AdvantEdge )	163,485		(5		)	163,480		14.67		11,142
Fidelity VIP Equity-Income (AnnuiChoice )	408,656		—			408,656		20.58		19,853
Fidelity VIP Equity-Income (GrandMaster flex3 )	144,082		—			144,082		20.18		7,142
Fidelity VIP Equity-Income (IQ3 )	413,361		1			413,362		18.18		22,741
Fidelity VIP Equity-Income (Pinnacle IV )	1,743,659		(1		)	1,743,658		20.29		85,953
Fidelity VIP Equity-Income (Pinnacle Plus Reduced M&E )	597,027		(3		)	597,024		18.64		32,036
Fidelity VIP Equity-Income (Pinnacle Plus )	624,443		1			624,444		20.47		30,512
Fidelity VIP Equity-Income (Pinnacle V )	1,309,644		(2		)	1,309,642		12.50		104,750
Fidelity VIP Freedom 2010 (Advantedge )	2,846		1			2,847		12.94		220
Fidelity VIP Freedom 2010 (AnnuiChoice II )	29,338		—			29,338		13.23		2,218
Fidelity VIP Freedom 2010 (GrandMaster flex3 )	7,954		—			7,954		12.72		625
Fidelity VIP Freedom 2010 (GrandMaster )	11,877		—			11,877		12.97		916
Fidelity VIP Freedom 2010 (Pinnacle )	101,547		(2		)	101,545		12.97		7,830
Fidelity VIP Freedom 2010 (Pinnacle IV )	155,677		(1		)	155,676		12.84		12,121
Fidelity VIP Freedom 2010 (Pinnacle Plus )	5,103		3			5,106		12.57		406
Fidelity VIP Freedom 2010 (Pinnacle V )	396,178		(1		)	396,177		12.62		31,382
Fidelity VIP Freedom 2015 (AdvantEdge )	127,728		1			127,729		13.00		9,824
Fidelity VIP Freedom 2015 (AnnuiChoice II )	8,901		—			8,901		13.21		674
Fidelity VIP Freedom 2015 (GrandMaster flex3 )	8,004		(1		)	8,003		12.70		630
Fidelity VIP Freedom 2015 (Pinnacle IV )	37,465		12			37,477		12.83		2,920
Fidelity VIP Freedom 2015 (Pinnacle Plus Reduced M&E )	14,366		(2		)	14,364		13.39		1,073
Fidelity VIP Freedom 2015 (Pinnacle Plus )	31,966		(3		)	31,963		12.55		2,546
Fidelity VIP Freedom 2015 (Pinnacle V )	414,292		3			414,295		12.59		32,898
Fidelity VIP Freedom 2020 (AdvantEdge )	454		(1		)	453		12.93		35
Fidelity VIP Freedom 2020 (AnnuiChoice II )	51,380		—			51,380		13.00		3,951
Fidelity VIP Freedom 2020 (GrandMaster )	11,309		—			11,309		12.75		887
Fidelity VIP Freedom 2020 (Pinnacle IV )	3,337		(14		)	3,323		12.63		264
Fidelity VIP Freedom 2020 (Pinnacle V )	509,483		(3		)	509,480		12.37		41,193
Fidelity VIP Freedom 2025 (Advantedge )	456		—			456		13.48		34
Fidelity VIP Freedom 2025 (Pinnacle IV )	8,040		(1		)	8,039		13.12		613
Fidelity VIP Freedom 2025 (Pinnacle V )	775,159		(1		)	775,158		12.85		60,345
Fidelity VIP Freedom 2030 (AnnuiChoice II )	70,971		—			70,971		13.12		5,409
See accompanying notes.
* - 2016 inception date of subaccount.

4

Separate Account I

of

National Integrity Life Insurance Company

Statements of Assets and Liabilities (continued)

December 31, 2016

Subaccount	Investments at fair value		Receivable from  (payable to)  the general account  of Integrity			Net Assets		Unit Value		Units Outstanding
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Freedom 2030 (Pinnacle IV )	$	3,194	$	4		$	3,198	$	12.74	251
Fidelity VIP Freedom 2030 (Pinnacle Plus )	972,108		7			972,115		12.47		77,975
Fidelity VIP Freedom 2030 (Pinnacle V )	178,129		3			178,132		12.45		14,311
Fidelity VIP Growth (AnnuiChoice II )	651,231		(1		)	651,230		18.44		35,311
Fidelity VIP Growth (GrandMaster )	1,000,818		(1		)	1,000,817		16.06		62,309
Fidelity VIP Growth (AdvantEdge )	79,295		5			79,300		14.87		5,331
Fidelity VIP Growth (AnnuiChoice )	149,595		1			149,596		18.10		8,264
Fidelity VIP Growth (GrandMaster flex3 )	73,631		(3		)	73,628		20.07		3,669
Fidelity VIP Growth (IQ3 )	115,946		—			115,946		13.33		8,696
Fidelity VIP Growth (Pinnacle )	80,512		(1		)	80,511		16.06		5,013
Fidelity VIP Growth (Pinnacle IV )	893,536		(4		)	893,532		18.17		49,174
Fidelity VIP Growth (Pinnacle Plus Reduced M&E )	109,446		(1		)	109,445		18.76		5,833
Fidelity VIP Growth (Pinnacle Plus )	368,598		—			368,598		20.15		18,289
Fidelity VIP Growth (Pinnacle V )	557,243		4			557,247		15.57		35,787
Fidelity VIP High Income (AdvantEdge )	601,947		4			601,951		15.08		39,915
Fidelity VIP High Income (AnnuiChoice II )	135,971		3			135,974		16.20		8,394
Fidelity VIP High Income (AnnuiChoice )	218,481		(1		)	218,480		23.25		9,397
Fidelity VIP High Income (GrandMaster flex3 )	1,338,121		—			1,338,121		20.16		66,364
Fidelity VIP High Income (IQ3 )	5,319,482		(17		)	5,319,465		18.18		292,583
Fidelity VIP High Income (Pinnacle )	25,529		1			25,530		17.97		1,421
Fidelity VIP High Income (Pinnacle IV )	270,808		5			270,813		20.45		13,245
Fidelity VIP High Income (Pinnacle Plus Reduced M&E )	38,306		1			38,307		12.97		2,954
Fidelity VIP High Income (Pinnacle Plus )	85,565		—			85,565		18.47		4,632
Fidelity VIP High Income (Pinnacle V )	330,026		3			330,029		14.29		23,099
Fidelity VIP II Index 500 (Pinnacle )	634,322		7			634,329		15.74		40,299
Fidelity VIP II Index 500 (Pinnacle IV )	2,272,638		(2		)	2,272,636		15.59		145,805
Fidelity VIP II Index 500 (Pinnacle V )	8,994,609		3			8,994,612		15.14		594,170
Fidelity VIP Index 500 (AdvantEdge )	1,399,353		(8		)	1,399,345		16.95		82,555
Fidelity VIP Index 500 (AnnuiChoice II )	3,464,314		3			3,464,317		16.05		215,816
Fidelity VIP Index 500 (AnnuiChoice )	411,842		1			411,843		20.50		20,094
Fidelity VIP Index 500 (Grandmaster flex3 )	376,745		2			376,747		15.43		24,410
Fidelity VIP Index 500 (Grandmaster )	1,789,877		(3		)	1,789,874		15.74		113,712
Fidelity VIP Index 500 (IQ3 )	607,292		24			607,316		17.52		34,658
Fidelity VIP Index 500 (Pinnacle Plus Reduced M&E )	830,738		—			830,738		19.70		42,176
Fidelity VIP Index 500 (Pinnacle Plus )	1,323,751		(2		)	1,323,749		22.47		58,903
Fidelity VIP Investment Grade Bond (AdvantEdge )	788,601		30			788,631		12.57		62,718
Fidelity VIP Investment Grade Bond (AnnuiChoice II )	1,626,496		(2		)	1,626,494		13.67		118,967
Fidelity VIP Investment Grade Bond (AnnuiChoice )	161,125		1			161,126		17.02		9,467
Fidelity VIP Investment Grade Bond (GrandMaster flex3 )	57,015		(3		)	57,012		13.71		4,158
Fidelity VIP Investment Grade Bond (GrandMaster )	421,776		(4		)	421,772		13.03		32,367
Fidelity VIP Investment Grade Bond (IQ3 )	240,039		1			240,040		16.14		14,868
Fidelity VIP Investment Grade Bond (Pinnacle )	101,333		(2		)	101,331		14.07		7,202
Fidelity VIP Investment Grade Bond (Pinnacle IV )	433,640		(3		)	433,637		13.89		31,219
Fidelity VIP Investment Grade Bond (Pinnacle II Reduced M&E )	17,277		(1		)	17,276		14.24		1,213
Fidelity VIP Investment Grade Bond (Pinnacle Plus Reduced M&E )	72,024		(1		)	72,023		11.12		6,477
Fidelity VIP Investment Grade Bond (Pinnacle Plus )	45,936		(1		)	45,935		13.44		3,418
Fidelity VIP Investment Grade Bond (Pinnacle V )	9,097,469		(5		)	9,097,464		12.82		709,575
Fidelity VIP Mid Cap (AdvantEdge )	409,732		1			409,733		16.38		25,016
Fidelity VIP Mid Cap (AnnuiChoice II )	881,313		1			881,314		18.95		46,511
Fidelity VIP Mid Cap (AnnuiChoice )	305,888		—			305,888		37.20		8,222
Fidelity VIP Mid Cap (GrandMaster flex3 )	273,863		6			273,869		33.22		8,243
Fidelity VIP Mid Cap (Grandmaster )	463,935		2			463,937		27.98		16,582
Fidelity VIP Mid Cap (IQ Annuity )	970,166		3			970,169		33.67		28,810
Fidelity VIP Mid Cap (Pinnacle )	442,567		69			442,636		16.34		27,077
Fidelity VIP Mid Cap (Pinnacle IV )	854,996		—			854,996		34.26		24,958
Fidelity VIP Mid Cap (Pinnacle Plus Reduced M&E )	511,741		—			511,741		15.69		32,620
Fidelity VIP Mid Cap (Pinnacle Plus )	380,484		(2		)	380,482		32.85		11,581
Fidelity VIP Mid Cap (Pinnacle V )	1,762,035		5			1,762,040		15.90		110,816
Fidelity VIP Overseas (AdvantEdge )	321,958		(30		)	321,928		8.80		36,599
Fidelity VIP Overseas (AnnuiChoice II )	267,304		(1		)	267,303		10.56		25,314
Fidelity VIP Overseas (AnnuiChoice )	120,318		—			120,318		16.09		7,479
Fidelity VIP Overseas (GrandMaster flex3 )	107,840		3			107,843		13.92		7,748
Fidelity VIP Overseas (GrandMaster )	508,642		(1		)	508,641		8.68		58,611
Fidelity VIP Overseas (IQ3 )	319,631		2			319,633		12.08		26,465
Fidelity VIP Overseas (Pinnacle )	266,181		5			266,186		14.28		18,638
Fidelity VIP Overseas (Pinnacle IV )	672,123		(3		)	672,120		14.10		47,671
Fidelity VIP Overseas (Pinnacle Plus Reduced M&E )	101,202		(3		)	101,199		11.25		8,994
Fidelity VIP Overseas (Pinnacle Plus )	139,291		—			139,291		16.97		8,207
Fidelity VIP Overseas (Pinnacle V )	818,495		4			818,499		8.37		97,824
See accompanying notes.
* - 2016 inception date of subaccount.

5

Separate Account I

of

National Integrity Life Insurance Company

Statements of Assets and Liabilities (continued)

December 31, 2016

Subaccount	Investments at fair value		Receivable from  (payable to)  the general account  of Integrity			Net Assets		Unit Value		Units Outstanding
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Target Volatility (AnnuiChoice II )	$	18,048	$	1		$	18,049	$	10.90	1,656
Fidelity VIP Target Volatility (GrandMaster )	7,656		1			7,657		10.83		707
Fidelity VIP Target Volatility (Pinnacle V )	355,035		4			355,039		10.76		32,986
Non-Affiliated Class 1:
Columbia VIT Mid Cap Value (Advantedge )	90,802		1			90,803		15.23		5,962
Columbia VIT Mid Cap Value (AnnuiChoice II )	406,518		2			406,520		15.63		26,011
Columbia VIT Mid Cap Value (Annuichoice )	6,058		1			6,059		15.76		384
Columbia VIT Mid Cap Value (Grandmaster flex3 )	186,773		1			186,774		15.27		12,229
Columbia VIT Mid Cap Value (Grandmaster )	956		—			956		15.45		62
Columbia VIT Mid Cap Value (Pinnacle )	38,168		(1		)	38,167		15.45		2,470
Columbia VIT Mid Cap Value (Pinnacle IV )	92,510		—			92,510		15.36		6,022
Columbia VIT Mid Cap Value (Pinnacle Plus Reduced M&E )	32,551		—			32,551		15.63		2,083
Columbia VIT Mid Cap Value (Pinnacle Plus )	135,187		(1		)	135,186		15.17		8,913
Columbia VIT Mid Cap Value (Pinnacle V )	236,900		1			236,901		15.27		15,511
Franklin Growth and Income VIP Fund (Pinnacle )	1,868,920		—			1,868,920		22.86		81,772
Franklin Growth and Income VIP Fund (Pinnacle II Reduced M&E )	8,533		1			8,534		23.14		369
Franklin Income VIP Fund (Pinnacle )	3,936,152		12			3,936,164		24.35		161,674
Franklin Income VIP Fund (Pinnacle II Reduced M&E )	281,075		(1		)	281,074		24.65		11,404
JP Morgan IT Mid Cap Value (AnnuiChoice )	2,208		3			2,211		31.69		70
JP Morgan IT Mid Cap Value (GrandMaster flex3 )	100,932		(1		)	100,931		30.36		3,324
JP Morgan IT Mid Cap Value (Grandmaster )	80,914		(3		)	80,911		30.84		2,624
JP Morgan IT Mid Cap Value (IQ3 )	65,512		2			65,514		30.60		2,141
JP Morgan IT Mid Cap Value (Pinnacle )	101,410		(2		)	101,408		30.84		3,288
JP Morgan IT Mid Cap Value (Pinnacle IV )	400,440		(2		)	400,438		30.60		13,086
JP Morgan IT Mid Cap Value (Pinnacle Plus Reduced M&E )	228,599		1			228,600		21.05		10,861
Morgan Stanley UIF Emerging Markets Debt (GrandMaster flex3 )	4,661		2			4,663		24.98		187
Morgan Stanley UIF Emerging Markets Debt (IQ3 )	239		(3		)	236		24.45		10
Morgan Stanley UIF Emerging Markets Debt (Pinnacle )	96,971		(4		)	96,967		30.65		3,163
Morgan Stanley UIF Emerging Markets Debt (Pinnacle IV )	22,985		4			22,989		24.79		927
Morgan Stanley UIF Emerging Markets Debt (Pinnacle II Reduced M&E )	15,147		(1		)	15,146		31.03		488
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice II )	5,085		—			5,085		15.40		330
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice )	1,377		(2		)	1,375		36.67		38
Morgan Stanley UIF U.S. Real Estate (GrandMaster flex3 )	111,390		—			111,390		33.67		3,309
Morgan Stanley UIF U.S. Real Estate (IQ3 )	72,926		(2		)	72,924		34.14		2,136
Morgan Stanley UIF U.S. Real Estate (Pinnacle )	440,035		4			440,039		45.78		9,613
Morgan Stanley UIF U.S. Real Estate (Pinnacle IV )	539,566		(3		)	539,563		36.58		14,748
Non-Affiliated Class 2:
American Funds Managed Risk Asset Allocation (AdvantEdge )	68,366		—			68,366		10.68		6,399
American Funds Managed Risk Asset Allocation (AnnuiChoice )	94		—			94		10.88		9
American Funds Managed Risk Asset Allocation (AnnuiChoice II )	132,936		5			132,941		10.83		12,270
American Funds Managed Risk Asset Allocation (GrandMaster flex3 )	4,750		(9		)	4,741		10.70		444
American Funds Managed Risk Asset Allocation (Pinnacle )	10,121		(1		)	10,120		10.77		940
American Funds Managed Risk Asset Allocation (Pinnacle IV )	29,330		1			29,331		10.73		2,732
American Funds Managed Risk Asset Allocation (Pinnacle V )	1,557,987		(1		)	1,557,986		10.70		145,590
Columbia VIT Small Cap Value Class 2 (AdvantEdge )	123,263		(2		)	123,261		25.32		4,867
Columbia VIT Small Cap Value Class 2 (AnnuiChoice II )	269,848		—			269,848		26.23		10,290
Columbia VIT Small Cap Value Class 2 (Grandmaster flex3 )	18,744		2			18,746		25.42		737
Columbia VIT Small Cap Value Class 2 (Grandmaster )	52,162		1			52,163		25.82		2,020
Columbia VIT Small Cap Value Class 2 (Pinnacle Plus )	113,537		1			113,538		25.19		4,508
Columbia VIT Small Cap Value Class 2 (Pinnacle )	14,766		(3		)	14,763		25.82		572
Columbia VIT Small Cap Value Class 2 (Pinnacle IV )	73,997		1			73,998		25.62		2,888
Columbia VIT Small Cap Value Class 2 (Pinnacle V )	593,070		(5		)	593,065		25.42		23,328
Franklin Growth and Income VIP Fund (AdvantEdge )	129,154		1			129,155		15.61		8,273
Franklin Growth and Income VIP Fund (AnnuiChoice II )	351,284		(2		)	351,282		16.03		21,921
Franklin Growth and Income VIP Fund (AnnuiChoice )	187,031		1			187,032		23.18		8,067
Franklin Growth and Income VIP Fund (GrandMaster flex3 )	207,666		(1		)	207,665		21.45		9,682
Franklin Growth and Income VIP Fund (Grandmaster )	742,824		(1		)	742,823		22.06		33,666
Franklin Growth and Income VIP Fund (IQ Annuity )	724,388		—			724,388		21.75		33,300
Franklin Growth and Income VIP Fund (Pinnacle )	831,928		(10		)	831,918		13.69		60,775
Franklin Growth and Income VIP Fund (Pinnacle IV )	1,407,477		(3		)	1,407,474		21.75		64,698
Franklin Growth and Income VIP Fund (Pinnacle II Reduced M&E )	15		(2		)	13		13.86		1
Franklin Growth and Income VIP Fund (Pinnacle Plus Reduced M&E )	393,338		1			393,339		17.95		21,914
Franklin Growth and Income VIP Fund (Pinnacle Plus )	73,090		1			73,091		20.21		3,616
Franklin Growth and Income VIP Fund (Pinnacle V )	1,006,182		6			1,006,188		13.12		76,674
Franklin Income VIP Fund (AdvantEdge )	283,152		1			283,153		14.10		20,075
Franklin Income VIP Fund (AnnuiChoice II )	790,783		—			790,783		15.40		51,342
Franklin Income VIP Fund (AnnuiChoice )	156,294		(3		)	156,291		24.70		6,328
Franklin Income VIP Fund (GrandMaster flex3 )	871,731		2			871,733		22.85		38,153
Franklin Income VIP Fund (Grandmaster )	678,082		(2		)	678,080		23.51		28,848
See accompanying notes.
* - 2016 inception date of subaccount.

6

Separate Account I

of

National Integrity Life Insurance Company

Statements of Assets and Liabilities (continued)

December 31, 2016

Subaccount	Investments at fair value		Receivable from  (payable to)  the general account  of Integrity			Net Assets		Unit Value		Units Outstanding
Non-Affiliated Class 2 (continued):
Franklin Income VIP Fund (IQ Annuity )	$	968,168	$	—		$	968,168	$	23.17	41,778
Franklin Income VIP Fund (Pinnacle IV )	1,767,000		(4		)	1,766,996		23.17		76,247
Franklin Income VIP Fund (Pinnacle Plus Reduced M&E )	362,753		(2		)	362,751		13.97		25,962
Franklin Income VIP Fund (Pinnacle Plus )	107,665		—			107,665		19.98		5,390
Franklin Income VIP Fund (Pinnacle V )	8,203,789		5			8,203,794		13.01		630,752
Franklin Large Cap Growth VIP Fund (AdvantEdge )	139,263		(11		)	139,252		14.68		9,489
Franklin Large Cap Growth VIP Fund (AnnuiChoice II )	238,150		(1		)	238,149		16.11		14,782
Franklin Large Cap Growth VIP Fund (AnnuiChoice )	53,404		(2		)	53,402		21.31		2,507
Franklin Large Cap Growth VIP Fund (GrandMaster flex3 )	56,544		1			56,545		19.71		2,869
Franklin Large Cap Growth VIP Fund (Grandmaster )	47,654		(1		)	47,653		20.28		2,350
Franklin Large Cap Growth VIP Fund (IQ Annuity )	190,337		(2		)	190,335		19.99		9,521
Franklin Large Cap Growth VIP Fund (Pinnacle )	127,827		1			127,828		20.28		6,304
Franklin Large Cap Growth VIP Fund (Pinnacle IV )	476,204		1			476,205		19.99		23,820
Franklin Large Cap Growth VIP Fund (Pinnacle Plus Reduced M&E )	91,411		—			91,411		16.34		5,593
Franklin Large Cap Growth VIP Fund (Pinnacle Plus )	87,234		1			87,235		17.69		4,930
Franklin Large Cap Growth VIP Fund (Pinnacle V )	682,312		2			682,314		13.10		52,083
Franklin Mutual Shares VIP Fund (AdvantEdge )	1,366,061		2			1,366,063		14.02		97,440
Franklin Mutual Shares VIP Fund (AnnuiChoice II )	973,674		3			973,677		15.04		64,742
Franklin Mutual Shares VIP Fund (AnnuiChoice )	232,493		2			232,495		24.67		9,425
Franklin Mutual Shares VIP Fund (GrandMaster flex3 )	525,686		1			525,687		22.82		23,036
Franklin Mutual Shares VIP Fund (IQ Advisor Standard )	12,723		1			12,724		21.10		603
Franklin Mutual Shares VIP Fund (IQ Annuity )	268,950		1			268,951		23.15		11,620
Franklin Mutual Shares VIP Fund (Pinnacle )	506,549		—			506,549		23.48		21,577
Franklin Mutual Shares VIP Fund (Pinnacle IV )	955,958		146			956,104		23.15		41,301
Franklin Mutual Shares VIP Fund (Pinnacle Plus Reduced M&E )	268,109		—			268,109		16.56		16,191
Franklin Mutual Shares VIP Fund (Pinnacle Plus )	58,813		4			58,817		20.64		2,849
Franklin Mutual Shares VIP Fund (Pinnacle V )	4,614,762		(11		)	4,614,751		12.36		373,258
Franklin Mutual Shares VIP Fund(Grandmaster )	322,155		(1		)	322,154		23.48		13,723
Franklin Small Cap Value VIP Fund (AdvantEdge )	165,325		2			165,327		18.86		8,765
Franklin Small Cap Value VIP Fund (Annuichoice II )	79,080		2			79,082		16.74		4,725
Franklin Small Cap Value VIP Fund (Grandmaster )	145,120		(2		)	145,118		16.41		8,843
Franklin Small Cap Value VIP Fund (Grandmaster flex3 )	18,876		—			18,876		16.09		1,173
Franklin Small Cap Value VIP Fund (IQ Annuity )	82,506		(1		)	82,505		16.25		5,077
Franklin Small Cap Value VIP Fund (Pinnacle Plus Reduced M&E )	9,527		2			9,529		19.82		481
Franklin Small Cap Value VIP Fund (Pinnacle Plus )	61,674		1			61,675		15.90		3,878
Franklin Small Cap Value VIP Fund (Pinnacle )	120,125		—			120,125		16.41		7,320
Franklin Small Cap Value VIP Fund (Pinnacle IV )	142,846		(2		)	142,844		16.25		8,790
Franklin Small Cap Value VIP Fund (Pinnacle V )	455,195		(4		)	455,191		16.05		28,358
Invesco VI American Franchise (AdvantEdge )	13,663		2			13,665		16.70		818
Invesco VI American Franchise (AnnuiChoice II )	14,725		(1		)	14,724		19.37		760
Invesco VI American Franchise (GrandMaster flex3 )	13,331		(9		)	13,322		23.20		575
Invesco VI American Franchise (Grandmaster )	5,688		(1		)	5,687		23.87		238
Invesco VI American Franchise (Pinnacle Plus Reduced M&E )	9,296		(2		)	9,294		17.06		545
Invesco VI American Franchise (Pinnacle Plus )	18,676		—			18,676		20.23		923
Invesco VI American Franchise (Pinnacle )	3,647		—			3,647		23.87		153
Invesco VI American Franchise (Pinnacle IV )	123,274		—			123,274		23.53		5,238
Invesco VI American Franchise (Pinnacle V )	81,687		4			81,691		16.11		5,069
Invesco VI American Value (AdvantEdge )	148,018		(1		)	148,017		16.45		8,998
Invesco VI American Value (AnnuiChoice II )	572,613		3			572,616		17.11		33,460
Invesco VI American Value (AnnuiChoice )	2,628		(1		)	2,627		17.34		152
Invesco VI American Value (Grandmaster flex3 )	33,521		—			33,521		16.52		2,029
Invesco VI American Value (IQ Annuity )	32,759		(2		)	32,757		16.67		1,965
Invesco VI American Value (Pinnacle Plus Reduced M&E )	15,860		(1		)	15,859		18.20		871
Invesco VI American Value (Pinnacle Plus )	138,099		(1		)	138,098		16.35		8,447
Invesco VI American Value II (Pinnacle V )	889,006		(1		)	889,005		16.52		53,807
Invesco VI American Value II (Pinnacle )	25,948		(4		)	25,944		16.82		1,543
Invesco VI American Value II (Pinnacle IV )	23,045		(3		)	23,042		16.67		1,383
Invesco VI Comstock (AdvantEdge )	175,608		—			175,608		16.39		10,712
Invesco VI Comstock (AnnuiChoice II )	547,900		1			547,901		16.97		32,289
Invesco VI Comstock (AnnuiChoice )	57,355		1			57,356		27.19		2,109
Invesco VI Comstock (GrandMaster flex3 )	113,622		(1		)	113,621		25.16		4,516
Invesco VI Comstock (Grandmaster )	50,232		1			50,233		25.88		1,941
Invesco VI Comstock (IQ Annuity )	27,780		3			27,783		25.52		1,089
Invesco VI Comstock (Pinnacle Plus Reduced M&E )	75,836		—			75,836		18.76		4,042
Invesco VI Comstock (Pinnacle Plus )	37,956		1			37,957		22.66		1,675
Invesco VI Comstock (Pinnacle )	81,950		(1		)	81,949		25.88		3,166
Invesco VI Comstock (Pinnacle IV )	261,737		(15		)	261,722		25.52		10,257
Invesco VI Comstock (Pinnacle V )	1,656,479		(5		)	1,656,474		14.00		118,346
Invesco VI International Growth Class II (Advantedge )	130,581		1			130,582		10.27		12,714
See accompanying notes.
* - 2016 inception date of subaccount.

7

Separate Account I

of

National Integrity Life Insurance Company

Statements of Assets and Liabilities (continued)

December 31, 2016

Subaccount	Investments at fair value		Receivable from  (payable to)  the general account  of Integrity			Net Assets		Unit Value		Units Outstanding
Non-Affiliated Class 2 (continued):
Invesco VI International Growth Class II (IQ Advisor Enhanced )	$	284,364	$	—		$	284,364	$	10.54	26,980
Invesco VI International Growth Class II (Pinnacle Plus )	105,448		1			105,449		10.42		10,121
Invesco VI International Growth Class II (Pinnacle )	56,368		—			56,368		10.36		5,441
Invesco VI International Growth Class II (Pinnacle V )	710,335		3			710,338		10.30		68,965
Invesco VI International Growth II (Grandmaster )	28,494		(2		)	28,492		10.42		2,735
Invesco VI Mid Cap Growth (Pinnacle V )*	34,069		—			34,069		10.32		3,301
Templeton Foreign VIP Fund (IQ Annuity )	281,502		(2		)	281,500		19.67		14,314
Templeton Foreign VIP (Pinnacle )	178,166		2			178,168		19.95		8,932
Templeton Foreign VIP (Pinnacle IV )	601,630		(4		)	601,626		19.67		30,591
Templeton Foreign VIP (Pinnacle V )	1,593,955		1			1,593,956		9.34		170,669
Templeton Foreign VIP Fund (AnnuiChoice II )	409,810		(1		)	409,809		11.56		35,461
Templeton Foreign VIP Fund (AnnuiChoice )	57,836		(2		)	57,834		20.96		2,759
Templeton Foreign VIP Fund (AdvantEdge )	408,203		13			408,216		9.81		41,607
Templeton Foreign VIP Fund (GrandMaster flex3 )	178,763		—			178,763		19.39		9,220
Templeton Foreign VIP Fund (Grandmaster )	69,287		3			69,290		19.95		3,474
Templeton Foreign VIP Fund (Pinnacle Plus Reduced M&E )	165,503		(2		)	165,501		11.05		14,974
Templeton Foreign VIP Fund (Pinnacle Plus )	94,808		—			94,808		17.73		5,349
Templeton Global Bond VIP Fund (Pinnacle )	72,362		—			72,362		9.38		7,714
Templeton Global Bond VIP Fund (Grandmaster )	46,513		—			46,513		9.38		4,958
Templeton Global Bond VIP Fund (GrandMaster flex3 )	41,398		9			41,407		9.31		4,446
Templeton Global Bond VIP Fund (Pinnacle V )	40,739		1			40,740		9.35		4,359
Templeton Global Bond VIP Fund (Pinnacle IV )	170,446		1			170,447		9.31		18,305
Templeton Global Bond VIP Fund (AnnuiChoice II )	311,091		(7		)	311,084		9.45		32,917
Templeton Growth VIP Fund (AdvantEdge )	84,125		(1		)	84,124		11.47		7,335
Templeton Growth VIP Fund (AnnuiChoice II )	71,777		(3		)	71,774		11.98		5,994
Templeton Growth VIP Fund (AnnuiChoice )	27,376		(1		)	27,375		20.68		1,323
Templeton Growth VIP Fund (GrandMaster flex3 )	160,387		1			160,388		19.13		8,382
Templeton Growth VIP Fund (Grandmaster )	75,023		—			75,023		19.69		3,811
Templeton Growth VIP Fund (IQ Advisor Standard )	11,115		1			11,116		16.98		655
Templeton Growth VIP Fund (IQ Annuity )	193,137		(5		)	193,132		19.41		9,952
Templeton Growth VIP Fund (Pinnacle )	121,498		(1		)	121,497		19.69		6,172
Templeton Growth VIP Fund (Pinnacle IV )	573,963		4			573,967		19.41		29,573
Templeton Growth VIP Fund (Pinnacle II Reduced M&E )	11,347		3			11,350		19.93		569
Templeton Growth VIP Fund (Pinnacle Plus Reduced M&E )	104,151		(1		)	104,150		14.09		7,392
Templeton Growth VIP Fund (Pinnacle Plus )	21,799		4			21,803		17.40		1,253
Templeton Growth VIP Fund (Pinnacle V )	522,852		14			522,866		9.87		52,969
Morgan Stanley UIF Emerging Markets Debt (AdvantEdge )	184,854		—			184,854		13.62		13,572
Morgan Stanley UIF Emerging Markets Debt (AnnuiChoice II )	70,566		1			70,567		14.41		4,898
Morgan Stanley UIF Emerging Markets Debt (AnnuiChoice )	101,871		(2		)	101,869		14.62		6,967
Morgan Stanley UIF Emerging Markets Debt (GrandMaster flex3 )	129,551		(2		)	129,549		13.85		9,351
Morgan Stanley UIF Emerging Markets Debt (Grandmaster )	1,217		1			1,218		23.79		51
Morgan Stanley UIF Emerging Markets Debt (IQ Annuity )	146,708		2			146,710		23.45		6,255
Morgan Stanley UIF Emerging Markets Debt (Pinnacle IV )	44,864		8			44,872		13.99		3,207
Morgan Stanley UIF Emerging Markets Debt (Pinnacle Plus Reduced M&E )	85,058		(1		)	85,057		11.55		7,364
Morgan Stanley UIF Emerging Markets Debt (Pinnacle Plus )	80,305		—			80,305		20.07		4,001
Morgan Stanley UIF Emerging Markets Debt (Pinnacle V )	218,791		2			218,793		13.78		15,881
Morgan Stanley UIF Emerging Markets Equity (AdvantEdge )	298,283		(4		)	298,279		7.30		40,885
Morgan Stanley UIF Emerging Markets Equity (AnnuiChoice II )	80,779		2			80,781		11.56		6,987
Morgan Stanley UIF Emerging Markets Equity (AnnuiChoice )	68,240		2			68,242		30.96		2,204
Morgan Stanley UIF Emerging Markets Equity (GrandMaster flex3 )	90,486		(2		)	90,484		28.64		3,160
Morgan Stanley UIF Emerging Markets Equity (Grandmaster )	127,165		(3		)	127,162		29.46		4,316
Morgan Stanley UIF Emerging Markets Equity (IQ Annuity )	342,230		—			342,230		29.05		11,783
Morgan Stanley UIF Emerging Markets Equity (Pinnacle )	82,082		(1		)	82,081		29.46		2,786
Morgan Stanley UIF Emerging Markets Equity (Pinnacle IV )	361,286		(7		)	361,279		29.05		12,438
Morgan Stanley UIF Emerging Markets Equity (Pinnacle Plus Reduced M&E )	69,385		2			69,387		8.44		8,225
Morgan Stanley UIF Emerging Markets Equity (Pinnacle Plus )	175,459		(4		)	175,455		24.73		7,095
Morgan Stanley UIF Emerging Markets Equity (Pinnacle V )	534,510		4			534,514		8.32		64,258
Morgan Stanley UIF U. S. Real Estate (Pinnacle Plus Reduced M&E )	152,232		(1		)	152,231		16.87		9,022
Morgan Stanley UIF U. S. Real Estate (Pinnacle Plus )	250,262		(1		)	250,261		30.15		8,300
Morgan Stanley UIF U.S. Real Estate (AdvantEdge )	195,635		2			195,637		15.72		12,448
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice II )	403,076		3			403,079		12.52		32,199
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice )	2,597		—			2,597		12.70		204
Morgan Stanley UIF U.S. Real Estate (Grandmaster flex3 )	39,652		(2		)	39,650		12.04		3,294
Morgan Stanley UIF U.S. Real Estate (Grandmaster )	111,836		(1		)	111,835		36.58		3,057
Morgan Stanley UIF U.S. Real Estate (IQ Annuity )	164,185		2			164,187		36.06		4,553
Morgan Stanley UIF U.S. Real Estate (Pinnacle IV )	327,495		(2		)	327,493		12.16		26,942
Morgan Stanley UIF U.S. Real Estate (Pinnacle V )	1,061,425		—			1,061,425		12.87		82,497
Non-Affiliated Class 3:
BlackRock Capital Appreciation VI (Advantedge )	182,930		1			182,931		13.61		13,442
See accompanying notes.
* - 2016 inception date of subaccount.

8

Separate Account I

of

National Integrity Life Insurance Company

Statements of Assets and Liabilities (continued)

December 31, 2016

Subaccount	Investments at fair value		Receivable from  (payable to)  the general account  of Integrity			Net Assets		Unit Value		Units Outstanding
Non-Affiliated Class 3 (continued):
BlackRock Capital Appreciation VI (AnnuiChoice II )	$	389,551	$	—		$	389,551	$	13.97	27,893
BlackRock Capital Appreciation VI (Annuichoice )	316		3			319		14.09		22
BlackRock Capital Appreciation VI (Grandmaster flex3 )	9,428		2			9,430		13.65		691
BlackRock Capital Appreciation VI Class III (Grandmaster )	1,540		—			1,540		13.81		112
BlackRock Capital Appreciation VI Class III (Pinnacle )	5,432		1			5,433		13.81		393
BlackRock Capital Appreciation VI Class III (Pinnacle IV )	50,310		(3		)	50,307		13.73		3,665
BlackRock Capital Appreciation VI Class III (Pinnacle V )	1,008,501		(2		)	1,008,499		13.65		73,891
BlackRock Global Allocation VI (Advantedge )	265,643		—			265,643		10.85		24,487
BlackRock Global Allocation VI (AnnuiChoice II )	152,679		(1		)	152,678		11.13		13,714
BlackRock Global Allocation VI (Annuichoice )	36,347		—			36,347		11.23		3,237
BlackRock Global Allocation VI (Grandmaster flex3 )	8,922		(3		)	8,919		10.88		820
BlackRock Global Allocation VI (Grandmaster )	6,331		4			6,335		11.01		575
BlackRock Global Allocation VI Class III (Pinnacle )	12,276		(2		)	12,274		11.01		1,115
BlackRock Global Allocation VI Class III (Pinnacle IV )	25,662		(5		)	25,657		10.94		2,345
BlackRock Global Allocation VI Class III (Pinnacle V )	249,626		(3		)	249,623		10.88		22,944
BlackRock High Yield VI (Pinnacle V )*	33,078		(30		)	33,048		10.61		3,117
BlackRock Total Return VI (Pinnacle V )*	183,021		32			183,053		9.84		18,591
TOPS Managed Risk Moderate Growth ETF (AnnuiChoice II)	18,335		1			18,336		10.35		1,772
TOPS Managed Risk Moderate Growth ETF (Pinnacle IV )	824,698		35			824,733		10.19		80,893
Non-Affiliated Class 4:
American Funds Bond (AnnuiChoice II )*	56,335		—			56,335		9.85		5,720
American Funds Bond (Pinnacle V )*	142,958		(2		)	142,956		9.82		14,556
American Funds Capital Income Builder (Pinnacle IV )	39,598		—			39,598		9.53		4,155
American Funds Capital Income Builder (Pinnacle V )	227,763		(242		)	227,521		9.51		23,943
American Funds Capital Income Builder (AnnuiChoice II )	529,148		(1		)	529,147		9.58		55,246
American Funds Global Growth (AdvantEdge )	8,737		—			8,737		10.90		801
American Funds Global Growth (AnnuiChoice II )	648,424		(2		)	648,422		11.06		58,652
American Funds Global Growth (GrandMaster )	81,067		(1		)	81,066		10.99		7,378
American Funds Global Growth (Pinnacle )	1,058		30			1,088		10.99		96
American Funds Global Growth (Pinnacle IV )	2,787		1			2,788		10.95		254
American Funds Global Growth (Pinnacle V )	216,125		4			216,129		10.92		19,792
American Funds Growth (AdvantEdge )	20,964		(1		)	20,963		12.52		1,674
American Funds Growth (AnnuiChoice II )	292,981		(6		)	292,975		12.70		23,076
American Funds Growth (Pinnacle )	766		1			767		12.62		61
American Funds Growth (Pinnacle IV )	1,598		(3		)	1,595		12.58		127
American Funds Growth (Pinnacle V )	458,877		(6		)	458,871		12.54		36,592
American Funds Growth-Income (AnnuiChoice II )	326,566		8			326,574		12.53		26,059
American Funds Growth-Income (GrandMaster )	129,224		2			129,226		12.45		10,376
American Funds Growth-Income (Pinnacle )	16,220		2			16,222		12.45		1,302
American Funds Growth-Income (Pinnacle IV )	71,955		146			72,101		12.42		5,795
American Funds Growth-Income (Pinnacle V )	921,354		(19		)	921,335		12.38		74,437
American Funds New World (AnnuiChoice II )	154,855		1			154,856		9.29		16,671
American Funds New World (Pinnacle )	47,657		(35		)	47,622		9.23		5,162
American Funds New World (Pinnacle IV )	21,623		2			21,625		9.20		2,350
American Funds New World (Pinnacle V )	151,733		(3		)	151,730		9.17		16,538
Non-Affiliated Class A:
Deutsche Small Cap Index VIP (Pinnacle )	520,334		7			520,341		28.35		18,355
Deutsche Small Cap Index VIP (Pinnacle IV )	658		—			658		27.60		24
Deutsche Small Cap Index VIP (Pinnacle II Reduced M&E )	3,507		—			3,507		28.70		122
Non-Affiliated Class B:
Deutsche Small Cap Index (AdvantEdge )	22,850		(2		)	22,848		18.35		1,246
Deutsche Small Cap Index (AnnuiChoice II )	457,600		1			457,601		18.23		25,096
Deutsche Small Cap Index (AnnuiChoice )	26,561		1			26,562		26.25		1,012
Deutsche Small Cap Index (GrandMaster flex3 )	67,196		1			67,197		26.09		2,576
Deutsche Small Cap Index (Grandmaster )	23,106		(4		)	23,102		22.49		1,027
Deutsche Small Cap Index (IQ3 )	89,038		(3		)	89,035		24.36		3,655
Deutsche Small Cap Index (Pinnacle Plus Reduced M&E )	188,862		(1		)	188,861		19.07		9,904
Deutsche Small Cap Index (Pinnacle Plus )	28,204		4			28,208		24.96		1,130
Deutsche Small Cap Index VIP (Pinnacle IV )	210,569		(7		)	210,562		24.36		8,645
Deutsche Small Cap Index VIP (Pinnacle V )	218,221		(1		)	218,220		15.43		14,142
Advisor Class:
Pimco VIT All Asset (AdvantEdge )	122,017		2			122,019		12.05		10,127
Pimco VIT All Asset (IQ Annuity )	120,483		—			120,483		12.12		9,944
Pimco VIT All Asset (Pinnacle )	68,652		3			68,655		12.22		5,617
Pimco VIT All Asset (AnnuiChoice II )	113,542		(1		)	113,541		12.55		9,050
Pimco VIT All Asset (AnnuiChoice )	14,638		—			14,638		12.60		1,161
Pimco VIT All Asset (GrandMaster flex3 )	1,287		(1		)	1,286		12.01		107
Pimco VIT All Asset (Grandmaster )	383,112		(12		)	383,100		12.22		31,344
Pimco VIT All Asset (Pinnacle IV )	381,122		(2		)	381,120		12.21		31,207
See accompanying notes.
* - 2016 inception date of subaccount.

9

Separate Account I

of

National Integrity Life Insurance Company

Statements of Assets and Liabilities (continued)

December 31, 2016

Subaccount	Investments at fair value		Receivable from  (payable to)  the general account  of Integrity			Net Assets		Unit Value		Units Outstanding
Advisor Class (continued):
Pimco VIT All Asset (Pinnacle Plus Reduced M&E )	$	29,496	$	(2	)	$	29,494	$	11.18	2,638
Pimco VIT All Asset (Pinnacle Plus )	56,701		(2		)	56,699		11.88		4,771
Pimco VIT All Asset (Pinnacle V )	290,753		7			290,760		12.10		24,023
Pimco VIT Commodity Real Return (Pinnacle )	85,013		(1		)	85,012		4.33		19,633
Pimco VIT Commodity Real Return (Pinnacle IV )	54,404		—			54,404		4.32		12,584
Pimco VIT Commodity Real Return (Pinnacle V )	784,464		(9		)	784,455		4.28		183,088
Pimco VIT Commodity Real Return Strategy (AdvantEdge )	377,509		(1		)	377,508		4.27		88,505
Pimco VIT Commodity Real Return Strategy (AnnuiChoice II )	113,576		(2		)	113,574		4.44		25,572
Pimco VIT Commodity Real Return Strategy (Grandmaster )	86,489		(2		)	86,487		4.33		19,974
Pimco VIT Commodity Real Return Strategy (IQ Annuity )	152,500		(3		)	152,497		4.29		35,530
Pimco VIT Commodity Real Return Strategy (GrandMaster flex3 )	6,976		(1		)	6,975		4.25		1,640
Pimco VIT Commodity Real Return Strategy (Pinnacle Plus Reduced M&E )	13,714		(1		)	13,713		5.79		2,367
Pimco VIT Commodity Real Return Strategy (Pinnacle Plus )	66,341		(30		)	66,311		4.21		15,759
Pimco VIT Long Term Government (AdvantEdge )	43,218		(1		)	43,217		9.87		4,379
Pimco VIT Long Term Government (AnnuiChoice II )	102,250		7			102,257		10.04		10,188
Pimco VIT Long Term Government (Pinnacle )	16,589		(2		)	16,587		9.96		1,665
Pimco VIT Long Term Government (Pinnacle IV )	2,586		1			2,587		9.93		261
Pimco VIT Long Term Government (Pinnacle V )	14,812		(2		)	14,810		9.89		1,498
Pimco VIT Low Duration (AnnuiChoice II )	146,841		(1		)	146,840		11.46		12,814
Pimco VIT Low Duration (AnnuiChoice )	2,781		—			2,781		11.64		239
Pimco VIT Low Duration (GrandMaster flex3 )	90,600		2			90,602		11.10		8,165
Pimco VIT Low Duration (Grandmaster )	231,564		1			231,565		11.29		20,506
Pimco VIT Low Duration (IQ Annuity )	599,031		3			599,034		11.19		53,516
Pimco VIT Low Duration (Pinnacle )	24,159		(1		)	24,158		11.29		2,139
Pimco VIT Low Duration (Pinnacle IV )	65,127		4			65,131		11.16		5,838
Pimco VIT Low Duration (AdvantEdge )	72,439		(1		)	72,438		11.01		6,582
Pimco VIT Low Duration (Pinnacle Plus Reduced M&E )	12,976		1			12,977		10.09		1,286
Pimco VIT Low Duration (Pinnacle Plus )	56,006		30			56,036		10.98		5,101
Pimco VIT Low Duration (Pinnacle V )	884,451		(2		)	884,449		11.06		79,999
Pimco VIT Real Return (Pinnacle IV )	70,703		(1		)	70,702		11.70		6,043
Pimco VIT Real Return (AdvantEdge )	22,960		3			22,963		11.54		1,989
Pimco VIT Real Return (AnnuiChoice II )	210,613		5			210,618		12.02		17,524
Pimco VIT Real Return (AnnuiChoice )	83,655		3			83,658		12.19		6,864
Pimco VIT Real Return (GrandMaster flex3 )	73,815		(7		)	73,808		11.61		6,356
Pimco VIT Real Return (Grandmaster )	32,842		(3		)	32,839		11.82		2,779
Pimco VIT Real Return (IQ Annuity )	240,718		(4		)	240,714		11.72		20,548
Pimco VIT Real Return (Pinnacle )	85,321		(4		)	85,317		11.82		7,219
Pimco VIT Real Return (Pinnacle Plus Reduced M&E )	5,433		—			5,433		10.35		525
Pimco VIT Real Return (Pinnacle Plus )	67,778		(5		)	67,773		11.49		5,899
Pimco VIT Real Return (Pinnacle V )	795,491		16			795,507		11.60		68,606
Pimco VIT Total Return (Pinnacle V )	12,143,402		158			12,143,560		13.10		926,872
Pimco VIT Total Return (AdvantEdge )	3,567,772		50			3,567,822		13.04		273,544
Pimco VIT Total Return (AnnuiChoice II )	2,550,169		21			2,550,190		13.58		187,784
Pimco VIT Total Return (AnnuiChoice )	277,917		2			277,919		13.56		20,489
Pimco VIT Total Return (GrandMaster flex3 )	561,403		4			561,407		12.92		43,436
Pimco VIT Total Return (Grandmaster )	664,013		6			664,019		13.15		50,479
Pimco VIT Total Return (IQ Annuity )	847,746		10			847,756		13.04		65,017
Pimco VIT Total Return (Pinnacle )	413,811		3			413,814		13.15		31,459
Pimco VIT Total Return (Pinnacle IV )	407,806		1			407,807		13.22		30,848
Pimco VIT Total Return (Pinnacle Plus Reduced M&E )	84,709		(2		)	84,707		10.88		7,784
Pimco VIT Total Return (Pinnacle Plus )	532,015		9			532,024		12.79		41,599
Investor Class:
Guggenheim VT Global Managed Future Strategy (Pinnacle )	1,398		(3		)	1,395		6.18		226
Guggenheim VT Global Managed Future Strategy (Pinnacle IV )	2,981		—			2,981		6.13		486
Guggenheim VT Global Managed Future Strategy (Pinnacle V )	147,682		2			147,684		6.08		24,282
Guggenheim VT Global Managed Futures Strategies (AdvantEdge )	98,690		—			98,690		6.06		16,294
Guggenheim VT Global Managed Futures Strategies (AnnuiChoice II )	27,471		—			27,471		6.29		4,371
Guggenheim VT Global Managed Futures Strategies (AnnuiChoice )	6,781		(2		)	6,779		6.36		1,066
Guggenheim VT Global Managed Futures Strategies (Grandmaster )	683		(1		)	682		6.18		110
Guggenheim VT Global Managed Futures Strategies (Pinnacle Plus Reduced M&E )	9,144		—			9,144		7.51		1,217
Guggenheim VT Global Managed Futures Strategies (Pinnacle Plus )	11,280		3			11,283		6.02		1,873
Guggenheim VT Multi-Hedge Strategies (AdvantEdge )	120,970		3			120,973		8.63		14,025
Guggenheim VT Multi-Hedge Strategies (AnnuiChoice II )	29,543		2			29,545		8.98		3,290
Guggenheim VT Multi-Hedge Strategies (AnnuiChoice )	106,339		1			106,340		8.97		11,849
Guggenheim VT Multi-Hedge Strategies (Grandmaster flex3 )	17,393		—			17,393		8.55		2,034
Guggenheim VT Multi-Hedge Strategies (Grandmaster )	18,663		(2		)	18,661		8.70		2,144
Guggenheim VT Multi-Hedge Strategies (IQ Annuity )	64,190		—			64,190		8.63		7,441
Guggenheim VT Multi-Hedge Strategies (Pinnacle )	65,874		2			65,876		8.70		7,569
Guggenheim VT Multi-Hedge Strategies (Pinnacle IV )	13,000		1			13,001		8.74		1,487
See accompanying notes.
* - 2016 inception date of subaccount.

10

Separate Account I

of

National Integrity Life Insurance Company

Statements of Assets and Liabilities (continued)

December 31, 2016

Subaccount	Investments at fair value		Receivable from  (payable to)  the general account  of Integrity			Net Assets		Unit Value		Units Outstanding
Investor Class (continued):
Guggenheim VT Multi-Hedge Strategies (Pinnacle Plus Reduced M&E )	$	30,063	$	(2	)	$	30,061	$	10.79	2,785
Guggenheim VT Multi-Hedge Strategies (Pinnacle Plus )	7,939		—			7,939		8.46		938
Guggenheim VT Multi-Hedge Strategies (Pinnacle V )	86,176		—			86,176		8.66		9,946
Guggenheim VT Long Short Equity (AdvantEdge )	16,146		(2		)	16,144		9.92		1,628
Guggenheim VT Long Short Equity (AnnuiChoice II )	59,467		(1		)	59,466		10.33		5,759
Guggenheim VT Long Short Equity (AnnuiChoice )	1,962		(2		)	1,960		10.17		193
Guggenheim VT Long Short Equity (Grandmaster )	1,943		—			1,943		9.86		197
Guggenheim VT Long Short Equity (IQ Annuity )	700		—			700		9.78		72
Guggenheim VT Long Short Equity (Pinnacle )	11,343		(1		)	11,342		9.86		1,150
Guggenheim VT Long Short Equity (Pinnacle IV )	17,808		1			17,809		10.05		1,772
Guggenheim VT Long Short Equity (Pinnacle Plus Reduced M&E )	6,935		1			6,936		11.71		592
Guggenheim VT Long Short Equity (Pinnacle Plus )	3,410		(2		)	3,408		9.59		356
Guggenheim VT Long Short Equity (Pinnacle V )	55,565		(5		)	55,560		9.96		5,578
ETF Shares:
iShares Core US Aggregate Bond ETF (Varoom ® )	15,490		5			15,495		26.96		575
iShares Core US Aggregate Bond ETF (Varoom GLWB 2)	37,022		4			37,026		25.66		1,443
iShares Core US Aggregate Bond ETF (Varoom GLWB 3)	27,086		(1		)	27,085		25.42		1,065
iShares Core US Aggregate Bond ETF (Varoom GLWB 5)	506,629		1			506,630		24.32		20,830
iShares Intermediate Credit Bond ETF (Varoom GLWB 2)	10,449		—			10,449		26.13		400
iShares Intermediate Credit Bond ETF (Varoom GLWB 3)	58,364		1			58,365		26.44		2,207
iShares Intermediate Credit Bond ETF (Varoom GLWB 5)	751,689		(2		)	751,687		25.30		29,716
iShares TIPS Bond ETF (Varoom GLWB 2)	19,418		1			19,419		25.20		770
iShares TIPS Bond ETF (Varoom GLWB 3)	25,733		(1		)	25,732		23.46		1,097
iShares TIPS Bond ETF (Varoom GLWB 5)	63,375		(2		)	63,373		22.45		2,823
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom)	5,968		(14		)	5,954		31.06		192
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 2)	41,548		(7		)	41,541		29.57		1,405
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 3)	98,467		(4		)	98,463		30.41		3,238
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 5)	155,206		(2		)	155,204		29.09		5,335
iShares S&P 500 Growth ETF (Varoom)	47,576		7			47,583		45.83		1,038
iShares S&P 500 Growth ETF (Varoom GLWB 1)	145,585		1			145,586		44.17		3,296
iShares S&P 500 Growth ETF (Varoom GLWB 2)	9,777		13			9,790		43.63		224
iShares S&P 500 Growth ETF (Varoom GLWB 3)	138,546		—			138,546		44.57		3,109
iShares S&P 500 Growth ETF (Varoom GLWB 4)	1,742,925		(1		)	1,742,924		43.09		40,451
iShares S&P 500 Growth ETF (Varoom GLWB 5)	77,963		(2		)	77,961		42.64		1,828
iShares Core S&P 500 Index ETF (Varoom)	102,496		(2		)	102,494		45.45		2,255
iShares Core S&P 500 Index ETF (Varoom GLWB 1)	939,327		(2		)	939,325		43.80		21,445
iShares Core S&P 500 Index ETF (Varoom GLWB 2)	29,748		(7		)	29,741		43.27		688
iShares Core S&P 500 Index ETF (Varoom GLWB 3)	643,592		1			643,593		45.44		14,165
iShares Core S&P 500 Index ETF (Varoom GLWB 4)	19,683,492		—			19,683,492		43.93		448,080
iShares Core S&P 500 Index ETF (Varoom GLWB 5)	1,326,981		1			1,326,982		43.47		30,525
iShares S&P 500 Value Index ETF (Varoom GLWB 1)	29,214		—			29,214		42.65		685
iShares S&P 500 Value Index ETF (Varoom GLWB 2)	9,980		3			9,983		42.13		237
iShares S&P 500 Value Index ETF (Varoom GLWB 3)	113,092		1			113,093		45.53		2,484
iShares S&P 500 Value Index ETF (Varoom GLWB 4)	343,449		1			343,450		44.02		7,802
iShares S&P 500 Value Index ETF (Varoom GLWB 5)	86,126		1			86,127		43.56		1,977
iShares Core S&P MidCap Index ETF (Varoom)	56,089		1			56,090		44.66		1,256
iShares Core S&P MidCap Index ETF (Varoom GLWB 1)	282,729		1			282,730		43.04		6,569
iShares Core S&P MidCap Index ETF (Varoom GLWB 2)	100,004		4			100,008		42.51		2,353
iShares Core S&P MidCap Index ETF (Varoom GLWB 3)	206,782		(4		)	206,778		46.03		4,492
iShares Core S&P MidCap Index ETF (Varoom GLWB 4)	5,532,673		(3		)	5,532,670		44.50		124,325
iShares Core S&P MidCap Index ETF (Varoom GLWB 5)	448,372		(1		)	448,371		44.04		10,181
iShares Core S&P Small Cap Index ETF (Varoom)	39,773		1			39,774		48.34		823
iShares Core S&P Small Cap Index ETF (Varoom GLWB 1)	144,311		1			144,312		46.59		3,098
iShares Core S&P Small Cap Index ETF (Varoom GLWB 2)	56,292		2			56,294		46.01		1,223
iShares Core S&P Small Cap Index ETF (Varoom GLWB 3)	142,129		(3		)	142,126		49.74		2,857
iShares Core S&P Small Cap Index ETF (Varoom GLWB 4)	2,824,296		6			2,824,302		48.09		58,728
iShares Core S&P Small Cap Index ETF (Varoom GLWB 5)	385,880		—			385,880		47.59		8,108
iShares International Treasury Bond (Varoom)	16,617		(2		)	16,615		22.30		745
iShares International Treasury Bond (Varoom GLWB 1)	132,157		3			132,160		21.49		6,150
iShares International Treasury Bond (Varoom GLWB 3)	39,823		4			39,827		22.13		1,800
iShares International Treasury Bond (Varoom GLWB 4)	2,573,031		(6		)	2,573,025		21.39		120,280
iShares International Treasury Bond (Varoom GLWB 5)	2,820		(1		)	2,819		21.17		133
Vanguard Dividend Appreciation Index Fund ETF (Varoom)	8,124		6			8,130		41.43		196
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 2)	294,985		—			294,985		39.44		7,480
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 3)	258,149		—			258,149		39.98		6,457
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 5)	938,956		1			938,957		38.25		24,546
Vanguard Emerging Markets Index Fund ETF (Varoom)	20,155		(1		)	20,154		20.06		1,005
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 2)	70,420		(1		)	70,419		19.09		3,689
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 3)	63,093		—			63,093		23.33		2,704
See accompanying notes.
* - 2016 inception date of subaccount.

11

Separate Account I

of

National Integrity Life Insurance Company

Statements of Assets and Liabilities (continued)

December 31, 2016

Subaccount	Investments at fair value		Receivable from  (payable to)  the general account  of Integrity			Net Assets		Unit Value		Units Outstanding
ETF Shares (continued):
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 5)	$	233,219	$	2		$	233,221	$	22.32	10,449
Vanguard Developed Markets Index FundETF (Varoom)	25,623		(1		)	25,622		27.59		929
Vanguard Developed Markets Index FundETF (Varoom GLWB 1)	137,889		1			137,890		26.59		5,186
Vanguard Developed Markets Index FundETF (Varoom GLWB 2)	3,259		(6		)	3,253		26.26		124
Vanguard Developed Markets Index FundETF (Varoom GLWB 3)	46,827		(4		)	46,823		30.97		1,512
Vanguard Developed Markets Index FundETF (Varoom GLWB 4)	2,679,345		(2		)	2,679,343		29.94		89,487
Vanguard Developed Markets Index FundETF (Varoom GLWB 5)	163,889		7			163,896		29.63		5,531
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom)	17,257		3			17,260		30.49		566
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 2)	30,356		4			30,360		29.03		1,046
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 3)	59,088		2			59,090		28.64		2,063
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 5)	11,001		(6		)	10,995		27.40		401
Vanguard Large-Cap Index ETF (Varoom)	9,057		(1		)	9,056		44.88		202
Vanguard Large-Cap Index ETF (Varoom GLWB 2)	141,603		1			141,604		42.72		3,315
Vanguard Large-Cap Index ETF (Varoom GLWB 3)	52,499		—			52,499		45.16		1,163
Vanguard Large-Cap Index ETF (Varoom GLWB 5)	496,343		2			496,345		43.20		11,488
Vanguard Mega Cap Index ETF (Varoom)	29,636		—			29,636		45.49		651
Vanguard Mega Cap Index ETF (Varoom GLWB 2)	13,899		—			13,899		43.31		321
Vanguard Mega Cap Index ETF (Varoom GLWB 5)	82,077		2			82,079		43.39		1,892
Vanguard REIT Index ETF (Varoom GLWB 2)	49,165		2			49,167		41.40		1,188
Vanguard REIT Index ETF (Varoom GLWB 3)	54,639		(3		)	54,636		41.84		1,306
Vanguard REIT Index ETF (Varoom GLWB 5)	274,305		12			274,317		40.03		6,852
Vanguard Total Bond Market Index ETF (Varoom)	62,997		1			62,998		27.00		2,333
Vanguard Total Bond Market Index ETF (Varoom GLWB 1)	945,808		1			945,809		26.02		36,348
Vanguard Total Bond Market Index ETF (Varoom GLWB 2)	390,882		(1		)	390,881		25.70		15,209
Vanguard Total Bond Market Index ETF (Varoom GLWB 3)	455,225		(1		)	455,224		25.38		17,935
Vanguard Total Bond Market Index ETF (Varoom GLWB 4)	18,466,249		(132		)	18,466,117		24.54		752,528
Vanguard Total Bond Market Index ETF (Varoom GLWB 5)	1,397,830		(16		)	1,397,814		24.28		57,561
Vanguard Short Term Bond ETF (Varoom GLWB 3)	65,864		—			65,864		24.02		2,742
Vanguard Short Term Bond ETF (Varoom GLWB 5)	29,594		(2		)	29,592		23.06		1,283
See accompanying notes.
* - 2016 inception date of subaccount.

12

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments		Net increase (decrease) in net assets resulting from operations
Affiliated:
Touchstone Aggressive ETF (AdvantEdge )	$	6,236	$	5,548	$	688		$	6,234		$	—	$	15,321		$	21,555	$	22,243
Touchstone Aggressive ETF (AnnuiChoice ®)	6,124		3,965		2,159			1,020			—		23,296			24,316		26,475
Touchstone Aggressive ETF (AnnuiChoice II )	6,765		5,021		1,744			35,589			—		(17,991		)	17,598		19,342
Touchstone Aggressive ETF (GrandMaster flex3 )	16,454		16,847		(393		)	16,458			—		49,542			66,000		65,607
Touchstone Aggressive ETF (Grandmaster )	4,063		3,636		427			1,360			—		14,021			15,381		15,808
Touchstone Aggressive ETF (IQ Annuity )	10,547		11,273		(726		)	64,294			—		(19,732		)	44,562		43,836
Touchstone Aggressive ETF (Pinnacle )	10,376		9,235		1,141			3,610			—		38,481			42,091		43,232
Touchstone Aggressive ETF (Pinnacle IV )	12,905		11,531		1,374			12,603			—		28,453			41,056		42,430
Touchstone Aggressive ETF (Pinnacle Plus Reduced M&E )	2,146		1,324		822			122			—		6,639			6,761		7,583
Touchstone Aggressive ETF (Pinnacle Plus )	2,414		3,504		(1,090		)	8,801			—		3,136			11,937		10,847
Touchstone Aggressive ETF (Pinnacle V )	12,569		12,891		(322		)	33,785			—		17,411			51,196		50,874
Touchstone Conservative ETF (AdvantEdge )	1,817		1,914		(97		)	(241		)	1,299		3,547			4,605		4,508
Touchstone Conservative ETF (AnnuiChoice II )	5,174		4,002		1,172			2,238			3,686		7,734			13,658		14,830
Touchstone Conservative ETF (AnnuiChoice )	172		113		59			15			122		303			440		499
Touchstone Conservative ETF (GrandMaster flex3 )	9,179		9,996		(817		)	30,545			6,528		(6,410		)	30,663		29,846
Touchstone Conservative ETF (Grandmaster )	2,662		2,455		207			3,114			1,885		2,328			7,327		7,534
Touchstone Conservative ETF (IQ Annuity )	21,391		19,769		1,622			4,483			15,215		31,148			50,846		52,468
Touchstone Conservative ETF (Pinnacle )	6,626		5,910		716			2,400			4,713		9,763			16,876		17,592
Touchstone Conservative ETF (Pinnacle IV )	17,785		17,218		567			2,279			12,686		30,263			45,228		45,795
Touchstone Conservative ETF (Pinnacle Plus Reduced M&E )	3,703		3,147		556			(9,912		)	2,635		18,544			11,267		11,823
Touchstone Conservative ETF (Pinnacle Plus )	9,264		11,271		(2,007		)	(9,759		)	6,588		31,633			28,462		26,455
Touchstone Conservative ETF Fund (Pinnacle V )	35,866		43,096		(7,230		)	12,236			25,721		75,317			113,274		106,044
Touchstone Active Bond (AdvantEdge )	4,730		3,622		1,108			(245		)	—		8,404			8,159		9,267
Touchstone Active Bond (AnnuiChoice II )	1,814		997		817			(1,580		)	—		4,731			3,151		3,968
Touchstone Active Bond (AnnuiChoice )	4,521		2,219		2,302			(380		)	—		8,711			8,331		10,633
Touchstone Active Bond (GrandMaster flex3 )	2,747		2,564		183			(1,173		)	—		9,386			8,213		8,396
Touchstone Active Bond (Grandmaster )	642		422		220			(115		)	—		1,275			1,160		1,380
Touchstone Active Bond (IQ Annuity )	2,601		1,808		793			(263		)	—		4,811			4,548		5,341
Touchstone Active Bond (Pinnacle )	5,231		4,648		583			(2,570		)	—		18,204			15,634		16,217
Touchstone Active Bond (Pinnacle IV )	19,017		15,110		3,907			(25,949		)	—		72,559			46,610		50,517
Touchstone Active Bond (Pinnacle Plus Reduced M&E )	3,702		2,184		1,518			47			—		7,683			7,730		9,248
Touchstone Active Bond (Pinnacle Plus )	4,009		3,459		550			(1,648		)	—		10,141			8,493		9,043
Touchstone Active Bond (PinnacleV )	31,336		23,451		7,885			(26,057		)	—		77,284			51,227		59,112
Touchstone GMAB Aggressive ETF (AnnuiChoice II )	2,483		2,859		(376		)	4,798			—		5,232			10,030		9,654
Touchstone GMAB Aggressive ETF (Pinnacle IV )	4,345		7,537		(3,192		)	50,815			—		(27,815		)	23,000		19,808
Touchstone GMAB Aggressive ETF (Pinnacle V )	2,788		3,932		(1,144		)	12,262			—		(2,525		)	9,737		8,593
Touchstone GMAB Conservative ETF (Pinnacle IV )	1,200		1,661		(461		)	2,992			854		(1,060		)	2,786		2,325
Touchstone GMAB Conservative ETF (Pinnacle V )	2,305		4,323		(2,018		)	22,940			1,639		(16,282		)	8,297		6,279
See accompanying notes.
* - 2016 inception date of division.

13

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Affiliated (continued):
Touchstone GMAB Moderate ETF (Pinnacle IV )	$	10,609	$	13,903	$	(3,294	)	$	85,107		$	41,657	$	(98,923	)	$	27,841		$	24,547
Touchstone GMAB Moderate ETF(Pinnacle V )	4,272		12,366		(8,094		)	154,257			16,739		(151,453		)	19,543			11,449
Touchstone Large Cap Core Equity (AdvantEdge )	1,190		2,273		(1,083		)	7,612			14,382		(10,881		)	11,113			10,030
Touchstone Large Cap Core Equity (AnnuiChoice II )	2,184		2,832		(648		)	4,660			26,243		(11,497		)	19,406			18,758
Touchstone Large Cap Core Equity (AnnuiChoice )	229		282		(53		)	1,673			2,727		(2,317		)	2,083			2,030
Touchstone Large Cap Core Equity (GrandMaster flex3 )	320		573		(253		)	278			3,823		(1,239		)	2,862			2,609
Touchstone Large Cap Core Equity (Grandmaster )	589		945		(356		)	2,333			7,032		(4,304		)	5,061			4,705
Touchstone Large Cap Core Equity (IQ Annuity )	3,233		5,844		(2,611		)	11,829			38,593		(20,466		)	29,956			27,345
Touchstone Large Cap Core Equity (Pinnacle )	10,513		17,123		(6,610		)	92,411			130,919		(127,308		)	96,022			89,412
Touchstone Large Cap Core Equity (Pinnacle IV )	2,877		6,343		(3,466		)	62,628			35,827		(69,408		)	29,047			25,581
Touchstone Large Cap Core Equity (Pinnacle II Reduced M&E )	450		568		(118		)	172			5,367		(1,524		)	4,015			3,897
Touchstone Large Cap Core Equity (Pinnacle Plus Reduced M&E )	1,160		1,578		(418		)	1,811			13,421		(4,015		)	11,217			10,799
Touchstone Large Cap Core Equity (Pinnacle Plus )	713		1,646		(933		)	12,900			8,964		(16,094		)	5,770			4,837
Touchstone Large Cap Core Equity (PinnacleV )	6,445		12,393		(5,948		)	43,830			77,650		(56,610		)	64,870			58,922
Touchstone Focused (AdvantEdge )	—		8,936		(8,936		)	(4,848		)	89,338		(19,685		)	64,805			55,869
Touchstone Focused (AnnuiChoice II )	—		16,702		(16,702		)	(2,591		)	313,787		(121,968		)	189,228			172,526
Touchstone Focused (AnnuiChoice )	—		4,277		(4,277		)	38,623			86,896		(78,023		)	47,496			43,219
Touchstone Focused (GrandMaster flex3 )	—		14,887		(14,887		)	53,926			167,327		(111,541		)	109,712			94,825
Touchstone Focused (Grandmaster )	—		20,253		(20,253		)	(155,497		)	119,033		60,201			23,737			3,484
Touchstone Focused (IQ Annuity )	—		37,983		(37,983		)	74,589			495,758		(245,461		)	324,886			286,903
Touchstone Focused (Pinnacle )	—		55,802		(55,802		)	(3,895		)	755,903		(240,031		)	511,977			456,175
Touchstone Focused (Pinnacle IV )	1		47,411		(47,410		)	(162,611		)	536,436		(60,731		)	313,094			265,684
Touchstone Focused (Pinnacle II Reduced M&E )	—		665		(665		)	(2,689		)	11,692		(1,822		)	7,181			6,516
Touchstone Focused (Pinnacle Plus Reduced M&E )	—		8,191		(8,191		)	(15,547		)	120,206		(22,561		)	82,098			73,907
Touchstone Focused (Pinnacle Plus )	—		10,699		(10,699		)	(766,935		)	75,993		357,091			(333,851		)	(344,550		)
Touchstone Focused (PinnacleV )	—		45,505		(45,505		)	(50,776		)	557,112		(146,336		)	360,000			314,495
Touchstone Moderate ETF (AdvantEdge )	18,275		17,359		916			7,608			71,572		(25,244		)	53,936			54,852
Touchstone Moderate ETF (AnnuiChoice II )	12,367		9,571		2,796			45,153			48,432		(51,813		)	41,772			44,568
Touchstone Moderate ETF (AnnuiChoice )	3,835		2,311		1,524			3,822			15,213		(7,698		)	11,337			12,861
Touchstone Moderate ETF (GrandMaster flex3 )	10,983		10,459		524			49,861			43,026		(60,229		)	32,658			33,182
Touchstone Moderate ETF (Grandmaster )	2,454		1,802		652			3,314			9,589		(7,081		)	5,822			6,474
Touchstone Moderate ETF (IQ Annuity )	21,853		18,926		2,927			23,585			85,679		(44,983		)	64,281			67,208
Touchstone Moderate ETF (Pinnacle )	6,755		5,602		1,153			20,163			26,559		(26,335		)	20,387			21,540
Touchstone Moderate ETF (Pinnacle IV )	21,484		20,369		1,115			89,701			84,425		(106,932		)	67,194			68,309
Touchstone Moderate ETF (Pinnacle Plus Reduced M&E )	11,237		7,505		3,732			(5,593		)	44,008		(6,654		)	31,761			35,493
Touchstone Moderate ETF (Pinnacle Plus )	8,425		11,941		(3,516		)	70,739			33,049		(65,792		)	37,996			34,480
Touchstone Moderate ETF (Pinnacle V )	27,207		27,452		(245		)	30,594			106,593		(50,749		)	86,438			86,193
Non-Affiliated Initial Class:
Fidelity VIP Balanced (Pinnacle )	11,553		12,327		(774		)	16,391			24,033		8,790			49,214			48,440
Fidelity VIP Balanced (Grandmaster )	15,566		16,188		(622		)	13,740			29,805		24,962			68,507			67,885
See accompanying notes.
* - 2016 inception date of subaccount.

14

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Non-Affiliated Initial Class (continued):
Fidelity VIP Overseas (Pinnacle )	$	1,249	$	1,179	$	70		$	(693	)	$	148	$	(5,369	)	$	(5,914	)	$	(5,844	)
Fidelity VIP Overseas (Pinnacle IV )	1,128		1,402		(274		)	27,147			134		(36,386		)	(9,105		)	(9,379		)
Fidelity VIP Equity-Income (Grandmaster )	190,376		110,356		80,020			(288,693		)	470,153		1,081,824			1,263,284			1,343,304
Fidelity VIP Equity-Income (Pinnacle )	21,199		13,356		7,843			77,475			67,299		(5,062		)	139,712			147,555
Fidelity VIP Equity-Income (Pinnacle II Reduced M&E )	341		158		183			7			896		1,192			2,095			2,278
Fidelity VIP Growth (Grandmaster )	1,572		55,821		(54,249		)	179,197			402,067		(560,159		)	21,105			(33,144		)
Fidelity VIP High Income (Grandmaster )	100,434		25,492		74,942			(57,025		)	—		224,766			167,741			242,683
Fidelity VIP II Asset Manager (Grandmaster )	46,457		42,661		3,796			4,611			137,397		(95,056		)	46,952			50,748
Fidelity VIP II Contrafund (Grandmaster )	67,554		117,801		(50,247		)	176,974			745,924		(378,390		)	544,508			494,261
Fidelity VIP II Contrafund (Pinnacle )	33,935		58,320		(24,385		)	204,413			353,440		(275,898		)	281,955			257,570
Fidelity VIP II Contrafund (Pinnacle II Reduced M&E )	311		411		(100		)	82			2,888		(346		)	2,624			2,524
Fidelity VIP II Index 500 (Grandmaster )	39,750		39,534		216			274,621			3,317		2,007			279,945			280,161
Fidelity VIP II Index 500 (IQ3 )	417		370		47			138			28		2,570			2,736			2,783
Fidelity VIP II Index 500 (Pinnacle )	22,264		22,693		(429		)	101,790			1,950		54,567			158,307			157,878
Fidelity VIP II Index 500 (Pinnacle IV )	20		242		(222		)	7,685			21		(6,557		)	1,149			927
Fidelity VIP II Index 500 (Pinnacle II Reduced M&E )	349		266		83			98			23		2,195			2,316			2,399
Fidelity VIP II Investment Grade Bond (Pinnacle )	13,801		8,570		5,231			14,244			340		2,932			17,516			22,747
Fidelity VIP II Investment Grade Bond (Pinnacle IV )	12,841		9,299		3,542			18,809			335		1,427			20,571			24,113
Fidelity VIP II Investment Grade Bond (AnnuiChoice )	168		72		96			4			3		159			166			262
Fidelity VIP II Investment Grade Bond (Grandmaster flex3 )	433		294		139			35			9		423			467			606
Fidelity VIP II Investment Grade Bond (Grandmaster )	22,957		13,367		9,590			2,309			464		20,025			22,798			32,388
Fidelity VIP II Investment Grade Bond (IQ Annuity )	670		512		158			916			18		324			1,258			1,416
Fidelity VIP II Investment Grade Bond (Pinnacle Plus Reduced M&E )	1,701		833		868			142			34		1,445			1,621			2,489
Fidelity VIP II Investment Grade Bond (Pinnacle Plus )	—		18		(18		)	76			1		10			87			69
Fidelity VIP Government Money Market IC (Pinacle )	1,750		11,878		(10,128		)	—			—		(4		)	(4		)	(10,132		)
Fidelity VIP Government Money Market IC (Pinacle II )	37		201		(164		)	—			—		1			1			(163		)
Fidelity VIP Government Money Market IC (Pinacle IV )	1,920		14,209		(12,289		)	—			—		1			1			(12,288		)
Fidelity VIP Government Money Market IC (Pinacle V )	1,278		10,120		(8,842		)	—			—		(3		)	(3		)	(8,845		)
Fidelity VIP Government Money Market IC (Pinnacle Plus )	3,498		33,514		(30,016		)	—			—		6			6			(30,010		)
Fidelity VIP Government Money Market IC (Pinnacle Plus Reduced M&E )	408		2,335		(1,927		)	—			—		—			—			(1,927		)
Fidelity VIP Government Money Market IC (GrandMaster )	2,751		19,082		(16,331		)	—			—		—			—			(16,331		)
Fidelity VIP Government Money Market IC (GrandMaster flex3 )	506		5,212		(4,706		)	—			—		—			—			(4,706		)
Fidelity VIP Government Money Market IC (AdvantEdge )	989		8,803		(7,814		)	—			—		1			1			(7,813		)
Fidelity VIP Government Money Market IC (AnnuiChoice )	406		2,017		(1,611		)	—			—		—			—			(1,611		)
Fidelity VIP Government Money Market IC (AnnuiChoice 2 )	352		2,035		(1,683		)	—			—		—			—			(1,683		)
Fidelity VIP Government Money Market IC (IQ3 )	2,787		24,546		(21,759		)	—			—		—			—			(21,759		)
Fidelity VIP Government Money Market (Varoom GLWB 3)*	20		148		(128		)	—			—		—			—			(128		)
Fidelity VIP Government Money Market (Varoom GLWB 5)*	4		39		(35		)	—			—		—			—			(35		)
Fidelity VIP Overseas (AnnuiChoice )	23		16		7			7			3		(117		)	(107		)	(100		)
Fidelity VIP Overseas (Grandmaster flex3 )	433		462		(29		)	257			51		(2,324		)	(2,016		)	(2,045		)
Fidelity VIP Overseas (Grandmaster )	14,851		15,095		(244		)	(94,417		)	1,760		9,016			(83,641		)	(83,885		)
See accompanying notes.
* - 2016 inception date of subaccount.

15

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Non-Affiliated Initial Class (continued):
Fidelity VIP Overseas (IQ Annuity )	$	254	$	252	$	2		$	(29	)	$	30	$	(1,175	)	$	(1,174	)	$	(1,172	)
Fidelity VIP Overseas (Pinnacle Plus Reduced M&E )	176		491		(315		)	(3,698		)	21		1,501			(2,176		)	(2,491		)
Fidelity VIP Overseas (Pinnacle Plus )	41		55		(14		)	205			5		(501		)	(291		)	(305		)
Non-Affiliated Service Class:
Fidelity VIP Growth (Pinnacle )	—		4,730		(4,730		)	28,435			36,273		(64,902		)	(194		)	(4,924		)
Fidelity VIP III Mid Cap (Grandmaster )	5,802		18,895		(13,093		)	(11,526		)	91,696		69,285			149,455			136,362
Fidelity VIP III Mid Cap (Pinnacle )	7,813		26,427		(18,614		)	43,328			125,042		44,429			212,799			194,185
Fidelity VIP III Mid Cap (Pinnacle II Reduced M&E )	16		41		(25		)	(3		)	230		204			431			406
Non-Affiliated Service Class 2:
Fidelity VIP Asset Manager (IQ3 )	1,197		1,396		(199		)	(36		)	4,264		(2,855		)	1,373			1,174
Fidelity VIP Asset Manager (AdvantEdge )	1,287		1,572		(285		)	1,202			4,156		(3,859		)	1,499			1,214
Fidelity VIP Asset Manager (AnnuiChoice II )	2,132		1,923		209			1,634			7,211		(6,420		)	2,425			2,634
Fidelity VIP Asset Manager (AnnuiChoice )	705		562		143			1,900			2,506		(3,731		)	675			818
Fidelity VIP Asset Manager (GrandMaster flex3 )	170		204		(34		)	(74		)	567		(299		)	194			160
Fidelity VIP Asset Manager (Pinnacle )	365		391		(26		)	(425		)	1,282		(419		)	438			412
Fidelity VIP Asset Manager (Pinnacle IV )	2,000		2,708		(708		)	(11,222		)	8,847		4,413			2,038			1,330
Fidelity VIP Asset Manager (Pinnacle Plus Reduced M&E )	642		568		74			(1,421		)	1,704		1,085			1,368			1,442
Fidelity VIP Asset Manager (Pinnacle Plus )	277		476		(199		)	(4,019		)	1,717		2,059			(243		)	(442		)
Fidelity VIP Asset Manager (Pinnacle V )	4,215		4,626		(411		)	(7,216		)	10,553		1,382			4,719			4,308
Fidelity VIP Balanced (AdvantEdge )	3,906		7,204		(3,298		)	(5,014		)	12,394		18,354			25,734			22,436
Fidelity VIP Balanced (AnnuiChoice II )	16,806		13,470		3,336			3,000			23,995		39,915			66,910			70,246
Fidelity VIP Balanced (AnnuiChoice )	3,387		2,804		583			562			6,873		8,201			15,636			16,219
Fidelity VIP Balanced (GrandMaster flex3 )	990		1,638		(648		)	(329		)	2,758		3,391			5,820			5,172
Fidelity VIP Balanced (Grandmaster )	7,036		7,645		(609		)	(8,447		)	9,334		39,193			40,080			39,471
Fidelity VIP Balanced (IQ3 )	2,657		3,199		(542		)	2,362			4,604		6,811			13,777			13,235
Fidelity VIP Balanced (Pinnacle )	3,515		4,111		(596		)	2,173			7,843		6,298			16,314			15,718
Fidelity VIP Balanced (Pinnacle IV )	12,221		14,206		(1,985		)	13,978			23,683		14,445			52,106			50,121
Fidelity VIP Balanced (Pinnacle Plus Reduced M&E )	2,911		2,934		(23		)	(2,752		)	6,372		12,079			15,699			15,676
Fidelity VIP Balanced (Pinnacle Plus )	2,226		3,374		(1,148		)	(8,390		)	5,131		11,681			8,422			7,274
Fidelity VIP Balanced (Pinnacle V )	18,340		21,767		(3,427		)	(3,671		)	34,371		45,506			76,206			72,779
Fidelity VIP Contrafund (AdvantEdge )	7,958		22,833		(14,875		)	79,941			124,371		(106,846		)	97,466			82,591
Fidelity VIP Contrafund (AnnuiChoice II )	7,179		13,162		(5,983		)	28,382			89,851		(34,199		)	84,034			78,051
Fidelity VIP Contrafund (AnnuiChoice )	5,269		8,365		(3,096		)	40,680			69,668		(55,504		)	54,844			51,748
Fidelity VIP Contrafund (GrandMaster flex3 )	4,636		11,347		(6,711		)	77,879			67,029		(100,893		)	44,015			37,304
Fidelity VIP Contrafund (IQ Advisor Standard )	83		78		5			(1		)	1,021		(116		)	904			909
Fidelity VIP Contrafund (IQ3 )	9,200		21,566		(12,366		)	23,340			120,448		(43,557		)	100,231			87,865
Fidelity VIP Contrafund (Pinnacle IV )	19,507		48,177		(28,670		)	225,104			308,567		(357,130		)	176,541			147,871
Fidelity VIP Contrafund (Pinnacle Plus Reduced M&E )	4,438		8,063		(3,625		)	(28,866		)	54,704		18,640			44,478			40,853
Fidelity VIP Contrafund (Pinnacle Plus )	4,328		16,027		(11,699		)	(1,125,800		)	426,220		197,968			(501,612		)	(513,311		)
Fidelity VIP Contrafund (Pinnacle V )	46,026		115,913		(69,887		)	303,007			591,735		(376,904		)	517,838			447,951
Fidelity VIP Disciplined Small Cap (AnnuiChoice II )	1,223		2,048		(825		)	(35		)	6,989		42,645			49,599			48,774
See accompanying notes.
* - 2016 inception date of subaccount.

16

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Disciplined Small Cap (AnnuiChoice )	$	171	$	348	$	(177	)	$	61		$	2,452	$	4,768		$	7,281		$	7,104
Fidelity VIP Disciplined Small Cap (GrandMaster )	59		166		(107		)	472			901		1,141			2,514			2,407
Fidelity VIP Disciplined Small Cap (IQ Annuity )	351		1,061		(710		)	797			5,286		9,105			15,188			14,478
Fidelity VIP Disciplined Small Cap (Pinnacle )	504		1,452		(948		)	(570		)	7,774		14,439			21,643			20,695
Fidelity VIP Disciplined Small Cap (Pinnacle IV )	214		725		(511		)	3,984			5,270		(922		)	8,332			7,821
Fidelity VIP Disciplined Small Cap (Pinnacle Plus Reduced M&E )	10		25		(15		)	(461		)	151		470			160			145
Fidelity VIP Disciplined Small Cap (Pinnacle Plus )	202		1,090		(888		)	(4,374		)	5,405		7,257			8,288			7,400
Fidelity VIP Disciplined Small Cap (Pinnacle V )	1,603		2,749		(1,146		)	(68		)	9,020		43,999			52,951			51,805
Fidelity VIP Equity-Income (AnnuiChoice II )	10,651		5,504		5,147			31,985			29,783		9,956			71,724			76,871
Fidelity VIP Equity-Income (AdvantEdge )	3,273		2,482		791			(1,787		)	10,448		14,270			22,931			23,722
Fidelity VIP Equity-Income (AnnuiChoice )	8,183		3,589		4,594			2,343			17,070		40,255			59,668			64,262
Fidelity VIP Equity-Income (GrandMaster flex3 )	2,885		2,234		651			7,990			9,075		4,676			21,741			22,392
Fidelity VIP Equity-Income (IQ3 )	8,282		5,644		2,638			14,149			25,465		15,958			55,572			58,210
Fidelity VIP Equity-Income (Pinnacle IV )	35,009		22,793		12,216			4,967			51,020		237,094			293,081			305,297
Fidelity VIP Equity-Income (Pinnacle Plus Reduced M&E )	11,851		5,712		6,139			(16,094		)	24,769		66,238			74,913			81,052
Fidelity VIP Equity-Income (Pinnacle Plus )	12,609		10,598		2,011			(33,775		)	29,004		118,128			113,357			115,368
Fidelity VIP Equity-Income (Pinnacle V )	26,516		19,864		6,652			13,049			76,112		107,452			196,613			203,265
Fidelity VIP Freedom 2010 (Advantedge )	36		46		(10		)	(2		)	65		44			107			97
Fidelity VIP Freedom 2010 (AnnuiChoice II )	371		671		(300		)	(1,609		)	2,120		1,722			2,233			1,933
Fidelity VIP Freedom 2010 (GrandMaster flex3 )	100		121		(21		)	41			180		77			298			277
Fidelity VIP Freedom 2010 (GrandMaster )	151		163		(12		)	83			277		101			461			449
Fidelity VIP Freedom 2010 (Pinnacle )	1,285		1,348		(63		)	146			2,289		1,355			3,790			3,727
Fidelity VIP Freedom 2010 (Pinnacle IV )	1,970		2,402		(432		)	4,251			3,920		(2,919		)	5,252			4,820
Fidelity VIP Freedom 2010 (Pinnacle Plus )	65		84		(19		)	(3		)	115		79			191			172
Fidelity VIP Freedom 2010 (Pinnacle V )	5,014		8,217		(3,203		)	32,385			13,967		(24,134		)	22,218			19,015
Fidelity VIP Freedom 2015 (AdvantEdge )	1,615		2,006		(391		)	447			3,416		1,313			5,176			4,785
Fidelity VIP Freedom 2015 (AnnuiChoice II )	113		100		13			10			237		112			359			372
Fidelity VIP Freedom 2015 (GrandMaster flex3 )	101		122		(21		)	6			214		104			324			303
Fidelity VIP Freedom 2015 (Pinnacle IV )	473		537		(64		)	101			1,015		427			1,543			1,479
Fidelity VIP Freedom 2015 (Pinnacle Plus Reduced M&E )	182		271		(89		)	(237		)	467		1,490			1,720			1,631
Fidelity VIP Freedom 2015 (Pinnacle Plus )	411		609		(198		)	3,393			1,364		(3,573		)	1,184			986
Fidelity VIP Freedom 2015 (Pinnacle V )	5,235		8,384		(3,149		)	53,565			16,578		(47,784		)	22,359			19,210
Fidelity VIP Freedom 2020 (AdvantEdge )	5		6		(1		)	1			15		4			20			19
Fidelity VIP Freedom 2020 (AnnuiChoice II )	653		439		214			7			721		424			1,152			1,366
Fidelity VIP Freedom 2020 (GrandMaster )	144		148		(4		)	14			335		138			487			483
Fidelity VIP Freedom 2020 (Pinnacle IV )	42		35		7			(13		)	105		(97		)	(5		)	2
Fidelity VIP Freedom 2020 (Pinnacle V )	6,477		6,933		(456		)	8,930			11,738		5,394			26,062			25,606
Fidelity VIP Freedom 2025 (Advantedge )	6		6		—			2			14		3			19			19
Fidelity VIP Freedom 2025 (Pinnacle IV )	102		114		(12		)	25			245		84			354			342
Fidelity VIP Freedom 2025 (Pinnacle V )	9,863		9,365		498			(253		)	15,995		6,012			21,754			22,252
Fidelity VIP Freedom 2030 (AnnuiChoice II )	845		665		180			(76		)	405		5,123			5,452			5,632
See accompanying notes.
* - 2016 inception date of subaccount.

17

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Freedom 2030 (Pinnacle IV )	$	38	$	45	$	(7	)	$	7		$	120	$	28		$	155		$	148
Fidelity VIP Freedom 2030 (Pinnacle Plus )	11,571		15,921		(4,350		)	(791		)	37,248		10,454			46,911			42,561
Fidelity VIP Freedom 2030 (Pinnacle V )	2,120		2,672		(552		)	424			6,661		1,512			8,597			8,045
Fidelity VIP Growth (AnnuiChoice II )	—		7,366		(7,366		)	35,847			58,409		(88,269		)	5,987			(1,379		)
Fidelity VIP Growth (GrandMaster )	—		13,151		(13,151		)	79,863			55,763		(75,713		)	59,913			46,762
Fidelity VIP Growth (AdvantEdge )	—		1,298		(1,298		)	2,548			7,962		(10,214		)	296			(1,002		)
Fidelity VIP Growth (AnnuiChoice )	—		1,415		(1,415		)	2,377			8,387		(3,484		)	7,280			5,865
Fidelity VIP Growth (GrandMaster flex3 )	—		1,122		(1,122		)	1,294			6,374		(6,579		)	1,089			(33		)
Fidelity VIP Growth (IQ3 )	—		1,831		(1,831		)	10,645			12,663		(22,693		)	615			(1,216		)
Fidelity VIP Growth (Pinnacle )	—		1,330		(1,330		)	(8,665		)	12,088		(9,611		)	(6,188		)	(7,518		)
Fidelity VIP Growth (Pinnacle IV )	—		13,592		(13,592		)	118,105			47,236		(100,780		)	64,561			50,969
Fidelity VIP Growth (Pinnacle Plus Reduced M&E )	—		831		(831		)	(797		)	1,486		3,271			3,960			3,129
Fidelity VIP Growth (Pinnacle Plus )	—		6,518		(6,518		)	7,121			28,007		(15,581		)	19,547			13,029
Fidelity VIP Growth (Pinnacle V )	—		8,521		(8,521		)	43,631			41,676		(64,458		)	20,849			12,328
Fidelity VIP High Income (AdvantEdge )	30,660		7,978		22,682			43,343			—		8,243			51,586			74,268
Fidelity VIP High Income (AnnuiChoice II )	6,926		1,497		5,429			(468		)	—		10,933			10,465			15,894
Fidelity VIP High Income (AnnuiChoice )	11,126		2,068		9,058			(281		)	—		16,461			16,180			25,238
Fidelity VIP High Income (GrandMaster flex3 )	68,155		17,028		51,127			102,526			—		10,822			113,348			164,475
Fidelity VIP High Income (IQ3 )	271,579		67,943		203,636			461,358			—		46,855			508,213			711,849
Fidelity VIP High Income (Pinnacle )	1,300		341		959			(38		)	—		2,067			2,029			2,988
Fidelity VIP High Income (Pinnacle IV )	13,795		3,918		9,877			(10,438		)	—		35,849			25,411			35,288
Fidelity VIP High Income (Pinnacle Plus Reduced M&E )	1,951		433		1,518			(371		)	—		3,400			3,029			4,547
Fidelity VIP High Income (Pinnacle Plus )	4,358		1,602		2,756			(6,266		)	—		14,290			8,024			10,780
Fidelity VIP High Income (Pinnacle V )	16,840		5,041		11,799			(8,233		)	—		34,710			26,477			38,276
Fidelity VIP II Index 500 (Pinnacle )	8,236		8,216		20			19,593			642		37,773			58,008			58,028
Fidelity VIP II Index 500 (Pinnacle IV )	29,534		32,910		(3,376		)	154,764			2,792		29,699			187,255			183,879
Fidelity VIP II Index 500 (Pinnacle V )	116,160		112,766		3,394			202,636			6,894		529,794			739,324			742,718
Fidelity VIP Index 500 (AdvantEdge )	18,168		15,665		2,503			19,776			958		81,022			101,756			104,259
Fidelity VIP Index 500 (AnnuiChoice II )	44,901		32,487		12,414			40,361			2,483		241,313			284,157			296,571
Fidelity VIP Index 500 (AnnuiChoice )	5,351		4,295		1,056			37,374			491		1,486			39,351			40,407
Fidelity VIP Index 500 (Grandmaster flex3 )	4,892		5,647		(755		)	12,481			382		21,990			34,853			34,098
Fidelity VIP Index 500 (Grandmaster )	23,296		25,603		(2,307		)	187,648			2,630		(50,028		)	140,250			137,943
Fidelity VIP Index 500 (IQ3 )	7,995		8,589		(594		)	11,229			648		43,523			55,400			54,806
Fidelity VIP Index 500 (Pinnacle Plus Reduced M&E )	10,658		7,964		2,694			9,677			615		55,184			65,476			68,170
Fidelity VIP Index 500 (Pinnacle Plus )	5,378		8,500		(3,122		)	62,828			801		(29,914		)	33,715			30,593
Fidelity VIP Investment Grade Bond (AdvantEdge )	17,645		12,687		4,958			(5,742		)	364		22,738			17,360			22,318
Fidelity VIP Investment Grade Bond (AnnuiChoice II )	36,048		15,177		20,871			(1,586		)	538		10,959			9,911			30,782
Fidelity VIP Investment Grade Bond (AnnuiChoice )	3,616		1,625		1,991			(26		)	77		3,316			3,367			5,358
Fidelity VIP Investment Grade Bond (GrandMaster flex3 )	1,280		1,095		185			(859		)	27		2,047			1,215			1,400
Fidelity VIP Investment Grade Bond (GrandMaster )	9,476		6,007		3,469			(1,428		)	212		12,625			11,409			14,878
Fidelity VIP Investment Grade Bond (IQ3 )	5,709		3,816		1,893			(2,553		)	138		8,329			5,914			7,807
See accompanying notes.
* - 2016 inception date of subaccount.

18

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Investment Grade Bond (Pinnacle )	$	2,291	$	1,548	$	743		$	(1,186	)	$	65	$	4,530		$	3,409		$	4,152
Fidelity VIP Investment Grade Bond (Pinnacle IV )	9,820		7,290		2,530			(8,524		)	275		22,874			14,625			17,155
Fidelity VIP Investment Grade Bond (Pinnacle II Reduced M&E )	388		192		196			(3		)	8		355			360			556
Fidelity VIP Investment Grade Bond (Pinnacle Plus Reduced M&E )	1,619		862		757			100			36		1,544			1,680			2,437
Fidelity VIP Investment Grade Bond (Pinnacle Plus )	1,035		8,332		(7,297		)	(143,597		)	26		166,316			22,745			15,448
Fidelity VIP Investment Grade Bond (Pinnacle V )	201,262		138,347		62,915			400			3,970		165,618			169,988			232,903
Fidelity VIP Mid Cap (AdvantEdge )	1,225		8,082		(6,857		)	(18,513		)	39,829		30,386			51,702			44,845
Fidelity VIP Mid Cap (AnnuiChoice II )	2,633		9,051		(6,418		)	(6,061		)	48,092		45,975			88,006			81,588
Fidelity VIP Mid Cap (AnnuiChoice )	915		2,844		(1,929		)	(110		)	17,432		14,614			31,936			30,007
Fidelity VIP Mid Cap (GrandMaster flex3 )	819		4,143		(3,324		)	14,488			16,769		(1,542		)	29,715			26,391
Fidelity VIP Mid Cap (Grandmaster )	1,387		5,794		(4,407		)	(414		)	27,194		19,618			46,398			41,991
Fidelity VIP Mid Cap (IQ Annuity )	2,901		13,454		(10,553		)	8,159			57,219		37,987			103,365			92,812
Fidelity VIP Mid Cap (Pinnacle )	1,324		5,300		(3,976		)	1,252			23,256		20,072			44,580			40,604
Fidelity VIP Mid Cap (Pinnacle IV )	2,570		12,965		(10,395		)	(7,053		)	62,163		40,447			95,557			85,162
Fidelity VIP Mid Cap (Pinnacle Plus Reduced M&E )	1,520		6,138		(4,618		)	(22,217		)	34,587		44,796			57,166			52,548
Fidelity VIP Mid Cap (Pinnacle Plus )	1,147		6,624		(5,477		)	(12,037		)	26,359		27,930			42,252			36,775
Fidelity VIP Mid Cap (Pinnacle V )	5,300		27,665		(22,365		)	(10,715		)	111,833		98,042			199,160			176,795
Fidelity VIP Overseas (AdvantEdge )	4,074		4,711		(637		)	3,543			567		(25,207		)	(21,097		)	(21,734		)
Fidelity VIP Overseas (AnnuiChoice II )	3,433		3,087		346			2,466			478		(20,233		)	(17,289		)	(16,943		)
Fidelity VIP Overseas (AnnuiChoice )	1,546		1,732		(186		)	8,629			215		(18,124		)	(9,280		)	(9,466		)
Fidelity VIP Overseas (GrandMaster flex3 )	1,385		1,735		(350		)	6,206			193		(12,713		)	(6,314		)	(6,664		)
Fidelity VIP Overseas (GrandMaster )	6,535		5,920		615			(12,726		)	909		19,925			8,108			8,723
Fidelity VIP Overseas (IQ3 )	4,105		4,964		(859		)	16,367			571		(40,635		)	(23,697		)	(24,556		)
Fidelity VIP Overseas (Pinnacle )	3,412		3,806		(394		)	(4,659		)	475		(19,013		)	(23,197		)	(23,591		)
Fidelity VIP Overseas (Pinnacle IV )	8,634		9,763		(1,129		)	(22,050		)	1,201		8,116			(12,733		)	(13,862		)
Fidelity VIP Overseas (Pinnacle Plus Reduced M&E )	1,225		974		251			(1,418		)	170		(5,377		)	(6,625		)	(6,374		)
Fidelity VIP Overseas (Pinnacle Plus )	1,865		2,831		(966		)	(5,631		)	260		(1,948		)	(7,319		)	(8,285		)
Fidelity VIP Overseas (Pinnacle V )	10,510		13,278		(2,768		)	22,823			1,462		(82,001		)	(57,716		)	(60,484		)
Fidelity VIP Target Volatility (AnnuiChoice II )	210		162		48			(15		)	87		530			602			650
Fidelity VIP Target Volatility (GrandMaster )	89		76		13			17			23		236			276			289
Fidelity VIP Target Volatility (Pinnacle V )	4,128		5,814		(1,686		)	(2,106		)	1,930		16,930			16,754			15,068
Non-Affiliated Class 1:
Columbia VIT Mid Cap Value (Advantedge )	—		594		(594		)	144			—		7,677			7,821			7,227
Columbia VIT Mid Cap Value (AnnuiChoice II )	—		3,879		(3,879		)	(22		)	—		48,128			48,106			44,227
Columbia VIT Mid Cap Value (Annuichoice )	—		55		(55		)	15			—		739			754			699
Columbia VIT Mid Cap Value (Grandmaster flex3 )	—		1,476		(1,476		)	14,148			—		(4,614		)	9,534			8,058
Columbia VIT Mid Cap Value (Grandmaster )	—		11		(11		)	(2		)	—		119			117			106
Columbia VIT Mid Cap Value (Pinnacle )	—		477		(477		)	81			—		4,687			4,768			4,291
Columbia VIT Mid Cap Value (Pinnacle IV )	—		579		(579		)	396			—		4,104			4,500			3,921
Columbia VIT Mid Cap Value (Pinnacle Plus Reduced M&E )	—		301		(301		)	(356		)	—		2,883			2,527			2,226
Columbia VIT Mid Cap Value (Pinnacle Plus )	—		2,315		(2,315		)	2,513			—		15,639			18,152			15,837
See accompanying notes.
* - 2016 inception date of subaccount.

19

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Non-Affiliated Class 1 (continued):
Columbia VIT Mid Cap Value (Pinnacle V )	$	—	$	3,509	$	(3,509	)	$	5,914		$	—	$	24,498		$	30,412		$	26,903
Franklin Growth and Income VIP Fund (Pinnacle )	53,138		25,564		27,574			(40,009		)	142,327		50,211			152,529			180,103
Franklin Growth and Income VIP Fund (Pinnacle II Reduced M&E )	222		88		134			19			596		71			686			820
Franklin Income VIP Fund (Pinnacle )	197,517		53,612		143,905			116,197			—		211,188			327,385			471,290
Franklin Income VIP Fund (Pinnacle II Reduced M&E )	13,180		2,874		10,306			(64		)	—		22,264			22,200			32,506
JP Morgan IT Mid Cap Value (AnnuiChoice )	18		20		(2		)	8			105		153			266			264
JP Morgan IT Mid Cap Value (GrandMaster flex3 )	844		1,518		(674		)	3,630			5,052		3,843			12,525			11,851
JP Morgan IT Mid Cap Value (Grandmaster )	664		1,057		(393		)	2,704			3,975		3,277			9,956			9,563
JP Morgan IT Mid Cap Value (IQ3 )	524		888		(364		)	611			3,132		4,185			7,928			7,564
JP Morgan IT Mid Cap Value (Pinnacle )	810		1,282		(472		)	1,469			4,852		5,986			12,307			11,835
JP Morgan IT Mid Cap Value (Pinnacle IV )	4,635		7,154		(2,519		)	142,403			27,747		(107,944		)	62,206			59,687
JP Morgan IT Mid Cap Value (Pinnacle Plus Reduced M&E )	1,910		2,547		(637		)	(830		)	11,431		17,795			28,396			27,759
JP Morgan IT Mid Cap Value (Pinnacle Plus )	—		6		(6		)	(641		)	—		285			(356		)	(362		)
Morgan Stanley UIF Emerging Markets Debt (GrandMaster flex3 )	524		135		389			433			—		165			598			987
Morgan Stanley UIF Emerging Markets Debt (IQ3 )	13		7		6			81			—		(36		)	45			51
Morgan Stanley UIF Emerging Markets Debt (Pinnacle )	6,924		1,719		5,205			(2,302		)	—		9,342			7,040			12,245
Morgan Stanley UIF Emerging Markets Debt (Pinnacle IV )	3,262		651		2,611			1,861			—		1,602			3,463			6,074
Morgan Stanley UIF Emerging Markets Debt (Pinnacle II Reduced M&E )	824		165		659			(19		)	—		654			635			1,294
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice II )	66		58		8			31			—		229			260			268
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice )	18		13		5			4			—		66			70			75
Morgan Stanley UIF U.S. Real Estate (GrandMaster flex3 )	1,566		1,827		(261		)	6,205			—		53			6,258			5,997
Morgan Stanley UIF U.S. Real Estate (IQ3 )	946		1,060		(114		)	2,657			—		1,199			3,856			3,742
Morgan Stanley UIF U.S. Real Estate (Pinnacle )	6,419		6,344		75			16,775			—		9,386			26,161			26,236
Morgan Stanley UIF U.S. Real Estate (Pinnacle IV )	8,483		9,305		(822		)	105,091			—		(78,451		)	26,640			25,818
Non-Affiliated Class 2:					—											—			—
American Funds Managed Risk Asset Allocation (AdvantEdge )	872		1,061		(189		)	19			2,031		1,739			3,789			3,600
American Funds Managed Risk Asset Allocation (AnnuiChoice )	1		2		(1		)	—			3		3			6			5
American Funds Managed Risk Asset Allocation (AnnuiChoice II )	1,432		1,300		132			(369		)	3,222		3,690			6,543			6,675
American Funds Managed Risk Asset Allocation (GrandMaster flex3 )	66		79		(13		)	(57		)	156		173			272			259
American Funds Managed Risk Asset Allocation (Pinnacle )	134		133		1			15			315		737			1,067			1,068
American Funds Managed Risk Asset Allocation (Pinnacle IV )	392		416		(24		)	(100		)	918		1,559			2,377			2,353
American Funds Managed Risk Asset Allocation (Pinnacle V )	20,993		24,056		(3,063		)	(1,898		)	49,381		40,950			88,433			85,370
Columbia VIT Small Cap Value Class 2 (AdvantEdge )	459		2,155		(1,696		)	(7,029		)	11,697		30,489			35,157			33,461
Columbia VIT Small Cap Value Class 2 (AnnuiChoice II )	906		2,457		(1,551		)	(1,886		)	23,060		50,308			71,482			69,931
Columbia VIT Small Cap Value Class 2 (Grandmaster flex3 )	60		241		(181		)	22			1,535		3,026			4,583			4,402
Columbia VIT Small Cap Value Class 2 (Grandmaster )	168		589		(421		)	79			4,266		7,953			12,298			11,877
Columbia VIT Small Cap Value Class 2 (Pinnacle Plus )	371		1,575		(1,204		)	478			9,444		18,067			27,989			26,785
Columbia VIT Small Cap Value Class 2 (Pinnacle )	25		109		(84		)	(1,300		)	643		3,329			2,672			2,588
Columbia VIT Small Cap Value Class 2 (Pinnacle IV )	128		514		(386		)	(1,104		)	3,265		7,115			9,276			8,890
Columbia VIT Small Cap Value Class 2 (Pinnacle V )	2,211		8,677		(6,466		)	(4,136		)	56,247		111,819			163,930			157,464
Franklin Growth and Income VIP Fund (AdvantEdge )	3,232		1,998		1,234			3,619			9,528		(2,966		)	10,181			11,415
See accompanying notes.
* - 2016 inception date of subaccount.

20

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Non-Affiliated Class 2 (continued):
Franklin Growth and Income VIP Fund (AnnuiChoice II )	$	9,613	$	4,156	$	5,457		$	16,875		$	28,343	$	(15,921	)	$	29,297		$	34,754
Franklin Growth and Income VIP Fund (AnnuiChoice )	4,500		1,746		2,754			2,031			13,266		65			15,362			18,116
Franklin Growth and Income VIP Fund (GrandMaster flex3 )	5,728		3,425		2,303			20,602			16,886		(19,512		)	17,976			20,279
Franklin Growth and Income VIP Fund (Grandmaster )	18,754		9,674		9,080			10,691			55,290		(5,336		)	60,645			69,725
Franklin Growth and Income VIP Fund (IQ Annuity )	18,675		10,394		8,281			12,435			55,061		(7,047		)	60,449			68,730
Franklin Growth and Income VIP Fund (Pinnacle )	19,363		10,277		9,086			14,237			57,088		(1,802		)	69,523			78,609
Franklin Growth and Income VIP Fund (Pinnacle IV )	37,355		21,572		15,783			149,582			110,135		(136,863		)	122,854			138,637
Franklin Growth and Income VIP Fund (Pinnacle II Reduced M&E )	—		—		—			—			1		—			1			1
Franklin Growth and Income VIP Fund (Pinnacle Plus Reduced M&E )	9,012		4,022		4,990			(233		)	26,570		5,916			32,253			37,243
Franklin Growth and Income VIP Fund (Pinnacle Plus )	2,852		1,748		1,104			(1,738		)	8,407		(1,331		)	5,338			6,442
Franklin Growth and Income VIP Fund (Pinnacle V )	25,694		15,548		10,146			62,307			75,754		(49,434		)	88,627			98,773
Franklin Income VIP Fund (AdvantEdge )	11,570		3,801		7,769			(455		)	—		20,322			19,867			27,636
Franklin Income VIP Fund (AnnuiChoice II )	36,855		8,511		28,344			(3,538		)	—		64,146			60,608			88,952
Franklin Income VIP Fund (AnnuiChoice )	7,182		1,456		5,726			5			—		12,140			12,145			17,871
Franklin Income VIP Fund (GrandMaster flex3 )	42,291		13,922		28,369			49,228			—		20,653			69,881			98,250
Franklin Income VIP Fund (Grandmaster )	34,241		9,075		25,166			(3,849		)	—		56,796			52,947			78,113
Franklin Income VIP Fund (IQ Annuity )	46,553		13,800		32,753			21,575			—		56,464			78,039			110,792
Franklin Income VIP Fund (Pinnacle IV )	87,163		26,134		61,029			5,360			—		137,217			142,577			203,606
Franklin Income VIP Fund (Pinnacle Plus Reduced M&E )	20,200		4,386		15,814			(18,216		)	—		49,211			30,995			46,809
Franklin Income VIP Fund (Pinnacle Plus )	6,788		2,509		4,279			(18,118		)	—		28,476			10,358			14,637
Franklin Income VIP Fund (Pinnacle V )	377,929		119,168		258,761			(1,146		)	—		630,064			628,918			887,679
Franklin Large Cap Growth VIP Fund (AdvantEdge )	—		2,308		(2,308		)	4,956			2,595		(9,701		)	(2,150		)	(4,458		)
Franklin Large Cap Growth VIP Fund (AnnuiChoice II )	—		2,827		(2,827		)	5,708			3,938		(13,434		)	(3,788		)	(6,615		)
Franklin Large Cap Growth VIP Fund (AnnuiChoice )	—		520		(520		)	(60		)	828		(1,118		)	(350		)	(870		)
Franklin Large Cap Growth VIP Fund (GrandMaster flex3 )	—		737		(737		)	(50		)	732		(1,244		)	(562		)	(1,299		)
Franklin Large Cap Growth VIP Fund (Grandmaster )	—		626		(626		)	(1,307		)	725		381			(201		)	(827		)
Franklin Large Cap Growth VIP Fund (IQ Annuity )	—		2,750		(2,750		)	939			2,992		(7,541		)	(3,610		)	(6,360		)
Franklin Large Cap Growth VIP Fund (Pinnacle )	—		1,716		(1,716		)	(3,409		)	2,009		914			(486		)	(2,202		)
Franklin Large Cap Growth VIP Fund (Pinnacle IV )	—		7,379		(7,379		)	6,494			7,687		(28,860		)	(14,679		)	(22,058		)
Franklin Large Cap Growth VIP Fund (Pinnacle Plus Reduced M&E )	—		987		(987		)	(316		)	1,351		(2,122		)	(1,087		)	(2,074		)
Franklin Large Cap Growth VIP Fund (Pinnacle Plus )	—		1,750		(1,750		)	(7,041		)	1,893		702			(4,446		)	(6,196		)
Franklin Large Cap Growth VIP Fund (Pinnacle V )	—		13,758		(13,758		)	69,069			14,217		(97,877		)	(14,591		)	(28,349		)
Franklin Mutual Shares VIP Fund (AdvantEdge )	25,795		21,782		4,013			47,387			106,262		22,454			176,103			180,116
Franklin Mutual Shares VIP Fund (AnnuiChoice II )	17,160		9,804		7,356			12,426			70,686		34,315			117,427			124,783
Franklin Mutual Shares VIP Fund (AnnuiChoice )	4,280		2,120		2,160			714			17,631		9,761			28,106			30,266
Franklin Mutual Shares VIP Fund (GrandMaster flex3 )	9,897		8,216		1,681			22,655			40,771		(1,114		)	62,312			63,993
Franklin Mutual Shares VIP Fund (IQ Advisor Standard )	232		69		163			5			961		565			1,531			1,694
Franklin Mutual Shares VIP Fund (IQ Annuity )	5,477		3,910		1,567			15,056			22,565		(3,884		)	33,737			35,304
Franklin Mutual Shares VIP Fund (Pinnacle )	9,431		6,527		2,904			13,917			38,851		9,932			62,700			65,604
Franklin Mutual Shares VIP Fund (Pinnacle IV )	18,623		13,743		4,880			43,838			76,718		(785		)	119,771			124,651
Franklin Mutual Shares VIP Fund (Pinnacle Plus Reduced M&E )	4,980		2,677		2,303			(10,528		)	20,513		21,643			31,628			33,931
See accompanying notes.
* - 2016 inception date of subaccount.

21

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Non-Affiliated Class 2 (continued):
Franklin Mutual Shares VIP Fund (Pinnacle Plus )	$	1,264	$	1,646	$	(382	)	$	(18,411	)	$	5,204	$	23,333		$	10,126		$	9,744
Franklin Mutual Shares VIP Fund (Pinnacle V )	89,237		67,638		21,599			129,700			367,617		87,568			584,885			606,484
Franklin Mutual Shares VIP Fund(Grandmaster )	6,068		4,178		1,890			5,861			25,001		9,196			40,058			41,948
Franklin Small Cap Value VIP Fund (AdvantEdge )	714		1,604		(890		)	(1,799		)	13,123		18,762			30,086			29,196
Franklin Small Cap Value VIP Fund (Annuichoice II )	430		614		(184		)	(5,664		)	7,894		11,529			13,759			13,575
Franklin Small Cap Value VIP Fund (Grandmaster )	888		1,562		(674		)	(1,180		)	16,327		15,059			30,206			29,532
Franklin Small Cap Value VIP Fund (Grandmaster flex3 )	197		334		(137		)	2,425			3,624		(7		)	6,042			5,905
Franklin Small Cap Value VIP Fund (IQ Annuity )	628		1,113		(485		)	(5,028		)	11,543		13,122			19,637			19,152
Franklin Small Cap Value VIP Fund (Pinnacle Plus Reduced M&E )	93		115		(22		)	(1,394		)	1,716		2,282			2,604			2,582
Franklin Small Cap Value VIP Fund (Pinnacle Plus )	430		889		(459		)	(242		)	7,893		6,308			13,959			13,500
Franklin Small Cap Value VIP Fund (Pinnacle )	1,184		1,793		(609		)	1,283			21,753		11,318			34,354			33,745
Franklin Small Cap Value VIP Fund (Pinnacle IV )	981		1,809		(828		)	3,387			18,034		11,164			32,585			31,757
Franklin Small Cap Value VIP Fund (Pinnacle V )	2,456		4,820		(2,364		)	(2,864		)	45,135		38,703			80,974			78,610
Invesco VI American Franchise (AdvantEdge )	—		212		(212		)	279			1,260		(1,203		)	336			124
Invesco VI American Franchise (AnnuiChoice II )	—		265		(265		)	4,268			1,331		(5,581		)	18			(247		)
Invesco VI American Franchise (GrandMaster flex3 )	—		202		(202		)	21			1,203		(963		)	261			59
Invesco VI American Franchise (Grandmaster )	—		73		(73		)	21			513		(426		)	108			35
Invesco VI American Franchise (IQ Annuity )	—		—		—			(6		)	—		(4		)	(10		)	(10		)
Invesco VI American Franchise (Pinnacle Plus Reduced M&E )	—		10		(10		)	(7		)	118		(248		)	(137		)	(147		)
Invesco VI American Franchise (Pinnacle Plus )	—		453		(453		)	(179		)	2,461		(1,825		)	457			4
Invesco VI American Franchise (Pinnacle )	—		151		(151		)	3,386			329		(3,317		)	398			247
Invesco VI American Franchise (Pinnacle IV )	—		1,991		(1,991		)	12,621			11,267		(22,137		)	1,751			(240		)
Invesco VI American Franchise (Pinnacle V )	—		925		(925		)	6,153			6,656		(13,855		)	(1,046		)	(1,971		)
Invesco VI American Value (AdvantEdge )	300		3,975		(3,675		)	(51,657		)	14,576		64,632			27,551			23,876
Invesco VI American Value (AnnuiChoice II )	516		4,927		(4,411		)	(9,735		)	25,063		53,907			69,235			64,824
Invesco VI American Value (AnnuiChoice )	3		25		(22		)	(1		)	142		216			357			335
Invesco VI American Value (Grandmaster flex3 )	36		470		(434		)	(17		)	1,742		2,679			4,404			3,970
Invesco VI American Value (IQ Annuity )	35		272		(237		)	(63		)	1,702		1,175			2,814			2,577
Invesco VI American Value (Pinnacle Plus Reduced M&E )	29		256		(227		)	(2,852		)	1,407		3,830			2,385			2,158
Invesco VI American Value (Pinnacle Plus )	149		2,107		(1,958		)	(1,474		)	7,217		12,452			18,195			16,237
Invesco VI American Value II (Pinnacle V )	920		11,338		(10,418		)	(16,979		)	44,641		90,945			118,607			108,189
Invesco VI American Value II (Pinnacle )	39		335		(296		)	(5,985		)	1,906		8,182			4,103			3,807
Invesco VI American Value II (Pinnacle IV )	26		370		(344		)	(4,062		)	1,290		5,402			2,630			2,286
Invesco VI Comstock (AdvantEdge )	2,136		2,812		(676		)	15,181			12,845		(4,242		)	23,784			23,108
Invesco VI Comstock (AnnuiChoice II )	6,744		5,639		1,105			(2,769		)	40,537		37,615			75,383			76,488
Invesco VI Comstock (AnnuiChoice )	677		509		168			607			4,073		2,996			7,676			7,844
Invesco VI Comstock (GrandMaster flex3 )	1,574		1,755		(181		)	11,362			9,466		(4,908		)	15,920			15,739
Invesco VI Comstock (Grandmaster )	592		603		(11		)	206			3,562		2,967			6,735			6,724
Invesco VI Comstock (IQ Annuity )	327		356		(29		)	241			1,966		1,505			3,712			3,683
Invesco VI Comstock (Pinnacle Plus Reduced M&E )	846		814		32			1,134			5,084		4,020			10,238			10,270
Invesco VI Comstock (Pinnacle Plus )	503		668		(165		)	66			3,022		2,551			5,639			5,474
See accompanying notes.
* - 2016 inception date of subaccount.

22

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Non-Affiliated Class 2 (continued):
Invesco VI Comstock (Pinnacle )	$	1,058	$	1,066	$	(8	)	$	(47	)	$	6,362	$	4,958		$	11,273		$	11,265
Invesco VI Comstock (Pinnacle IV )	2,102		3,214		(1,112		)	52,405			12,639		(43,204		)	21,840			20,728
Invesco VI Comstock (Pinnacle V )	20,218		22,828		(2,610		)	28,949			121,545		87,068			237,562			234,952
Invesco VI International Growth Class II (Advantedge )	1,025		1,574		(549		)	691			—		(2,677		)	(1,986		)	(2,535		)
Invesco VI International Growth Class II (IQ Advisor Enhanced )	2,551		2,546		5			(161		)	—		(2,456		)	(2,617		)	(2,612		)
Invesco VI International Growth Class II (Pinnacle Plus )	1,207		1,364		(157		)	614			—		(2,566		)	(1,952		)	(2,109		)
Invesco VI International Growth Class II (Pinnacle )	661		848		(187		)	1,165			—		(2,156		)	(991		)	(1,178		)
Invesco VI International Growth Class II (Pinnacle V )	8,113		10,307		(2,194		)	1,399			—		(12,858		)	(11,459		)	(13,653		)
Invesco VI International Growth II (Grandmaster )	338		391		(53		)	(56		)	—		(484		)	(540		)	(593		)
Invesco VI Mid Cap Growth (Pinnacle V )*	—		204		(204		)	(25		)	3,414		(4,135		)	(746		)	(950		)
Templeton Foreign VIP Fund (IQ Annuity )	5,236		3,928		1,308			8,575			4,689		(575		)	12,689			13,997
Templeton Foreign VIP (Pinnacle )	3,291		2,325		966			(4,659		)	2,948		9,865			8,154			9,120
Templeton Foreign VIP (Pinnacle IV )	11,727		8,946		2,781			(36,996		)	10,504		51,533			25,041			27,822
Templeton Foreign VIP (Pinnacle V )	31,636		24,736		6,900			(25,195		)	28,337		84,424			87,566			94,466
Templeton Foreign VIP Fund (AnnuiChoice II )	6,878		4,112		2,766			1,360			6,160		14,844			22,364			25,130
Templeton Foreign VIP Fund (AnnuiChoice )	1,068		550		518			(76		)	956		1,921			2,801			3,319
Templeton Foreign VIP Fund (AdvantEdge )	7,735		6,416		1,319			1,091			6,929		12,843			20,863			22,182
Templeton Foreign VIP Fund (GrandMaster flex3 )	4,204		3,775		429			3,162			3,765		5,949			12,876			13,305
Templeton Foreign VIP Fund (Grandmaster )	1,776		1,118		658			(9,118		)	1,591		11,519			3,992			4,650
Templeton Foreign VIP Fund (Pinnacle Plus Reduced M&E )	3,005		1,770		1,235			(2,379		)	2,691		7,289			7,601			8,836
Templeton Foreign VIP Fund (Pinnacle Plus )	2,017		1,862		155			(23,721		)	1,806		25,147			3,232			3,387
Templeton Global Bond VIP Fund (Pinnacle )	—		938		(938		)	(333		)	59		2,335			2,061			1,123
Templeton Global Bond VIP Fund (Grandmaster )	—		541		(541		)	(196		)	33		1,417			1,254			713
Templeton Global Bond VIP Fund (GrandMaster flex3 )	—		1,324		(1,324		)	(14,195		)	92		13,891			(212		)	(1,536		)
Templeton Global Bond VIP Fund (Pinnacle V )	—		586		(586		)	(2,212		)	33		3,288			1,109			523
Templeton Global Bond VIP Fund (Pinnacle IV )	—		2,673		(2,673		)	(4,913		)	141		10,131			5,359			2,686
Templeton Global Bond VIP Fund (AnnuiChoice II )	—		3,344		(3,344		)	(4,069		)	244		12,644			8,819			5,475
Templeton Growth VIP Fund (AdvantEdge )	1,688		1,330		358			2,344			3,246		610			6,200			6,558
Templeton Growth VIP Fund (AnnuiChoice II )	1,616		904		712			(2,536		)	3,106		1,598			2,168			2,880
Templeton Growth VIP Fund (AnnuiChoice )	512		252		260			25			983		881			1,889			2,149
Templeton Growth VIP Fund (GrandMaster flex3 )	3,617		3,024		593			49,466			6,956		(52,742		)	3,680			4,273
Templeton Growth VIP Fund (Grandmaster )	1,544		1,024		520			1,271			2,969		1,035			5,275			5,795
Templeton Growth VIP Fund (IQ Advisor Standard )	208		61		147			(4		)	398		374			768			915
Templeton Growth VIP Fund (IQ Annuity )	3,845		2,712		1,133			3,876			7,396		1,827			13,099			14,232
Templeton Growth VIP Fund (Pinnacle )	2,617		1,682		935			1,446			5,035		1,707			8,188			9,123
Templeton Growth VIP Fund (Pinnacle IV )	11,842		8,283		3,559			48,736			22,775		(36,013		)	35,498			39,057
Templeton Growth VIP Fund (Pinnacle II Reduced M&E )	212		115		97			16			408		360			784			881
Templeton Growth VIP Fund (Pinnacle Plus Reduced M&E )	1,633		982		651			(5,762		)	3,140		10,294			7,672			8,323
Templeton Growth VIP Fund (Pinnacle Plus )	924		768		156			(11,665		)	1,777		10,431			543			699
Templeton Growth VIP Fund (Pinnacle V )	10,067		7,787		2,280			6,617			19,360		10,235			36,212			38,492
Morgan Stanley UIF Emerging Markets Debt (AdvantEdge )	10,215		2,991		7,224			(407		)	—		8,827			8,420			15,644
See accompanying notes.
* - 2016 inception date of subaccount.

23

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Non-Affiliated Class 2 (continued):
Morgan Stanley UIF Emerging Markets Debt (AnnuiChoice II )	$	3,811	$	812	$	2,999		$	(2,424	)	$	—	$	5,104		$	2,680		$	5,679
Morgan Stanley UIF Emerging Markets Debt (AnnuiChoice )	5,531		1,006		4,525			(12		)	—		4,311			4,299			8,824
Morgan Stanley UIF Emerging Markets Debt (GrandMaster flex3 )	7,252		2,043		5,209			(515		)	—		6,336			5,821			11,030
Morgan Stanley UIF Emerging Markets Debt (Grandmaster )	66		16		50			(1		)	—		53			52			102
Morgan Stanley UIF Emerging Markets Debt (IQ Annuity )	8,004		2,148		5,856			59			—		6,621			6,680			12,536
Morgan Stanley UIF Emerging Markets Debt (Pinnacle IV )	2,553		679		1,874			(1,001		)	—		3,087			2,086			3,960
Morgan Stanley UIF Emerging Markets Debt (Pinnacle Plus Reduced M&E )	4,776		1,004		3,772			(1,400		)	—		5,266			3,866			7,638
Morgan Stanley UIF Emerging Markets Debt (Pinnacle Plus )	4,411		1,353		3,058			(232		)	—		3,787			3,555			6,613
Morgan Stanley UIF Emerging Markets Debt (Pinnacle V )	15,998		4,433		11,565			(16,915		)	—		28,662			11,747			23,312
Morgan Stanley UIF Emerging Markets Equity (AdvantEdge )	1,356		4,846		(3,490		)	(11,142		)	—		32,293			21,151			17,661
Morgan Stanley UIF Emerging Markets Equity (AnnuiChoice II )	347		904		(557		)	(289		)	—		4,849			4,560			4,003
Morgan Stanley UIF Emerging Markets Equity (AnnuiChoice )	302		668		(366		)	30			—		4,739			4,769			4,403
Morgan Stanley UIF Emerging Markets Equity (GrandMaster flex3 )	544		1,876		(1,332		)	(248		)	—		8,695			8,447			7,115
Morgan Stanley UIF Emerging Markets Equity (Grandmaster )	600		1,932		(1,332		)	(7,653		)	—		26,538			18,885			17,553
Morgan Stanley UIF Emerging Markets Equity (IQ Annuity )	1,540		5,041		(3,501		)	19,242			—		5,769			25,011			21,510
Morgan Stanley UIF Emerging Markets Equity (Pinnacle )	439		1,307		(868		)	(1,818		)	—		8,684			6,866			5,998
Morgan Stanley UIF Emerging Markets Equity (Pinnacle IV )	1,684		5,337		(3,653		)	(9,202		)	—		40,429			31,227			27,574
Morgan Stanley UIF Emerging Markets Equity (Pinnacle Plus Reduced M&E )	350		789		(439		)	(3,931		)	—		8,213			4,282			3,843
Morgan Stanley UIF Emerging Markets Equity (Pinnacle Plus )	832		3,287		(2,455		)	(7,239		)	—		17,784			10,545			8,090
Morgan Stanley UIF Emerging Markets Equity (Pinnacle V )	2,920		9,867		(6,947		)	(23,448		)	—		70,397			46,949			40,002
Morgan Stanley UIF U. S. Real Estate (Pinnacle Plus Reduced M&E )	1,599		1,752		(153		)	6,792			—		1,625			8,417			8,264
Morgan Stanley UIF U. S. Real Estate (Pinnacle Plus )	3,124		4,872		(1,748		)	9,948			—		5,107			15,055			13,307
Morgan Stanley UIF U.S. Real Estate (AdvantEdge )	2,219		3,809		(1,590		)	37,884			—		(22,903		)	14,981			13,391
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice II )	3,728		3,966		(238		)	2,616			—		13,665			16,281			16,043
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice )	29		26		3			27			—		107			134			137
Morgan Stanley UIF U.S. Real Estate (Grandmaster flex3 )	618		825		(207		)	8,528			—		(5,684		)	2,844			2,637
Morgan Stanley UIF U.S. Real Estate (Grandmaster )	1,186		1,330		(144		)	1,669			—		2,458			4,127			3,983
Morgan Stanley UIF U.S. Real Estate (IQ Annuity )	1,832		2,495		(663		)	10,665			—		(1,836		)	8,829			8,166
Morgan Stanley UIF U.S. Real Estate (Pinnacle IV )	3,582		5,246		(1,664		)	38,373			—		(19,172		)	19,201			17,537
Morgan Stanley UIF U.S. Real Estate (Pinnacle V )	11,296		16,475		(5,179		)	67,425			—		(12,238		)	55,187			50,008
Non-Affiliated Class 3:
BlackRock Capital Appreciation VI (Advantedge )	—		3,708		(3,708		)	(7,446		)	5,908		2,052			514			(3,194		)
BlackRock Capital Appreciation VI (AnnuiChoice II )	—		3,682		(3,682		)	(2,218		)	9,911		2,189			9,882			6,200
BlackRock Capital Appreciation VI (Annuichoice )	—		3		(3		)	(1		)	9		(8		)	—			(3		)
BlackRock Capital Appreciation VI (Grandmaster flex3 )	—		144		(144		)	3			258		(278		)	(17		)	(161		)
BlackRock Capital Appreciation VI Class III (Grandmaster )	—		306		(306		)	(18,742		)	42		11,193			(7,507		)	(7,813		)
BlackRock Capital Appreciation VI Class III (Pinnacle )	—		228		(228		)	(4,968		)	149		3,334			(1,485		)	(1,713		)
BlackRock Capital Appreciation VI Class III (Pinnacle IV )	—		697		(697		)	(1,786		)	1,389		799			402			(295		)
BlackRock Capital Appreciation VI Class III (Pinnacle V )	—		13,644		(13,644		)	(4,449		)	25,249		(23,452		)	(2,652		)	(16,296		)
BlackRock Global Allocation VI (Advantedge )	3,261		5,355		(2,094		)	(23,016		)	—		31,564			8,548			6,454
BlackRock Global Allocation VI (AnnuiChoice II )	1,874		1,780		94			(524		)	—		4,299			3,775			3,869
See accompanying notes.
* - 2016 inception date of subaccount.

24

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Non-Affiliated Class 3 (continued):
BlackRock Global Allocation VI (Annuichoice )	$	446	$	356	$	90		$	(217	)	$	—	$	1,075		$	858		$	948
BlackRock Global Allocation VI (Grandmaster flex3 )	110		1,746		(1,636		)	(26,365		)	—		28,650			2,285			649
BlackRock Global Allocation VI (Grandmaster )	78		82		(4		)	(230		)	—		341			111			107
BlackRock Global Allocation VI Class III (Pinnacle )	151		171		(20		)	(2,254		)	—		2,182			(72		)	(92		)
BlackRock Global Allocation VI Class III (Pinnacle IV )	315		389		(74		)	(4,554		)	—		4,501			(53		)	(127		)
BlackRock Global Allocation VI Class III (Pinnacle V )	3,065		3,808		(743		)	(11,722		)	—		17,462			5,740			4,997
BlackRock High Yield VI (Pinnacle V )*	894		268		626			234			—		312			546			1,172
BlackRock Total Return VI (Pinnacle V )*	1,003		762		241			(23		)	—		(4,384		)	(4,407		)	(4,166		)
TOPS Managed Risk Moderate Growth ETF (AnnuiChoice II)	236		159		77			(26		)	—		674			648			725
TOPS Managed Risk Moderate Growth ETF (Pinnacle IV )	12,193		10,503		1,690			(3,898		)	—		22,662			18,764			20,454
Non-Affiliated Class 4:
American Funds Bond (AnnuiChoice II )*	579		123		456			(3		)	—		(1,900		)	(1,903		)	(1,447		)
American Funds Bond (Pinnacle V )*	1,070		576		494			(9		)	—		(3,592		)	(3,601		)	(3,107		)
American Funds Capital Income Builder (Pinnacle IV )	1,142		560		582			(8		)	—		179			171			753
American Funds Capital Income Builder (Pinnacle V )	6,372		3,071		3,301			(554		)	—		2,673			2,119			5,420
American Funds Capital Income Builder (AnnuiChoice II )	10,620		3,532		7,088			(2,091		)	—		2,061			(30		)	7,058
American Funds Global Growth (AdvantEdge )	61		183		(122		)	(1,777		)	727		320			(730		)	(852		)
American Funds Global Growth (AnnuiChoice )	—		37		(37		)	(3,227		)	—		89			(3,138		)	(3,175		)
American Funds Global Growth (AnnuiChoice II )	4,402		6,657		(2,255		)	(1,433		)	49,407		(45,799		)	2,175			(80		)
American Funds Global Growth (GrandMaster )	573		1,636		(1,063		)	(34,157		)	6,937		(5,668		)	(32,888		)	(33,951		)
American Funds Global Growth (GrandMaster flex3 )	66		249		(183		)	(3,848		)	2,419		2,078			649			466
American Funds Global Growth (Pinnacle )	6		7		(1		)	(51		)	34		32			15			14
American Funds Global Growth (Pinnacle IV )	21		554		(533		)	(30,742		)	250		714			(29,778		)	(30,311		)
American Funds Global Growth (Pinnacle V )	1,504		3,381		(1,877		)	(11,150		)	18,090		(11,813		)	(4,873		)	(6,750		)
American Funds Growth (AdvantEdge )	90		64		26			22			—		275			297			323
American Funds Growth (AnnuiChoice II )	1,489		2,420		(931		)	(426		)	17,179		4,091			20,844			19,913
American Funds Growth (Pinnacle )	3		7		(4		)	3			—		28			31			27
American Funds Growth (Pinnacle IV )	16		54		(38		)	(750		)	583		91			(76		)	(114		)
American Funds Growth (Pinnacle V )	1,942		1,693		249			(730		)	3,632		8,758			11,660			11,909
American Funds Growth-Income (AdvantEdge )	116		473		(357		)	(6,087		)	5,494		3,614			3,021			2,664
American Funds Growth-Income (AnnuiChoice II )	3,988		3,445		543			(2,334		)	33,425		(1,617		)	29,474			30,017
American Funds Growth-Income (GrandMaster )	1,597		1,685		(88		)	(1,620		)	14,063		(690		)	11,753			11,665
American Funds Growth-Income (Pinnacle )	204		235		(31		)	(1,186		)	1,965		795			1,574			1,543
American Funds Growth-Income (Pinnacle IV )	883		1,125		(242		)	(146		)	7,465		(734		)	6,585			6,343
American Funds Growth-Income (Pinnacle V )	11,131		12,919		(1,788		)	(31,453		)	97,761		10,046			76,354			74,566
American Funds New World (AdvantEdge )	—		44		(44		)	(1,360		)	—		1,160			(200		)	(244		)
American Funds New World (AnnuiChoice )	—		27		(27		)	(1,963		)	—		157			(1,806		)	(1,833		)
American Funds New World (AnnuiChoice II )	958		1,573		(615		)	(974		)	—		6,994			6,020			5,405
American Funds New World (GrandMaster )	—		376		(376		)	(20,370		)	—		1,633			(18,737		)	(19,113		)
American Funds New World (GrandMaster flex3 )	2		67		(65		)	(403		)	—		840			437			372
American Funds New World (Pinnacle )	295		510		(215		)	(355		)	—		1,927			1,572			1,357
American Funds New World (Pinnacle IV )	135		700		(565		)	(23,202		)	—		6,962			(16,240		)	(16,805		)
See accompanying notes.
* - 2016 inception date of subaccount.

25

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Non-Affiliated Class 4 (continued):
American Funds New World (Pinnacle V )	$	905	$	2,157	$	(1,252	)	$	(11,458	)	$	—	$	13,250		$	1,792		$	540
Non-Affiliated Class A:
Deutsche Small Cap Index VIP (Pinnacle )	5,263		6,562		(1,299		)	9,769			36,538		43,760			90,067			88,768
Deutsche Small Cap Index VIP (Pinnacle IV )	7		10		(3		)	1			47		75			123			120
Deutsche Small Cap Index VIP (Pinnacle II Reduced M&E )	32		34		(2		)	5			226		348			579			577
Non-Affiliated Class B:
Deutsche Small Cap Index (AdvantEdge )	161		290		(129		)	(134		)	1,457		2,189			3,512			3,383
Deutsche Small Cap Index (AnnuiChoice II )	2,806		4,086		(1,280		)	1,095			25,556		43,865			70,516			69,236
Deutsche Small Cap Index (AnnuiChoice )	190		233		(43		)	194			1,738		2,530			4,462			4,419
Deutsche Small Cap Index (GrandMaster flex3 )	522		962		(440		)	3,645			4,754		3,370			11,769			11,329
Deutsche Small Cap Index (Grandmaster )	186		290		(104		)	(832		)	1,691		2,893			3,752			3,648
Deutsche Small Cap Index (IQ3 )	637		1,132		(495		)	487			5,800		8,480			14,767			14,272
Deutsche Small Cap Index (Pinnacle Plus Reduced M&E )	1,358		1,905		(547		)	(1,395		)	12,370		20,224			31,199			30,652
Deutsche Small Cap Index (Pinnacle Plus )	499		967		(468		)	(614		)	4,548		873			4,807			4,339
Deutsche Small Cap Index VIP (Pinnacle IV )	1,665		2,852		(1,187		)	12,728			15,161		9,992			37,881			36,694
Deutsche Small Cap Index VIP (Pinnacle V )	1,407		2,936		(1,529		)	4,022			12,801		20,728			37,551			36,022
Advisor Class:
Pimco VIT All Asset (AdvantEdge )	3,239		2,221		1,018			(3,522		)	—		17,751			14,229			15,247
Pimco VIT All Asset (IQ Annuity )	2,944		1,697		1,247			(1,045		)	—		12,069			11,024			12,271
Pimco VIT All Asset (Pinnacle )	2,004		1,101		903			(1,725		)	—		10,308			8,583			9,486
Pimco VIT All Asset (AnnuiChoice II )	2,793		1,280		1,513			(1,145		)	—		12,116			10,971			12,484
Pimco VIT All Asset (AnnuiChoice )	356		141		215			(30		)	—		1,358			1,328			1,543
Pimco VIT All Asset (GrandMaster flex3 )	31		19		12			(1		)	—		118			117			129
Pimco VIT All Asset (Grandmaster )	9,304		4,852		4,452			(1,159		)	—		34,182			33,023			37,475
Pimco VIT All Asset (Pinnacle IV )	9,539		5,705		3,834			(13,856		)	—		51,880			38,024			41,858
Pimco VIT All Asset (Pinnacle Plus Reduced M&E )	715		324		391			(978		)	—		3,622			2,644			3,035
Pimco VIT All Asset (Pinnacle Plus )	1,476		1,066		410			(8,588		)	—		15,076			6,488			6,898
Pimco VIT All Asset (Pinnacle V )	8,137		5,727		2,410			(11,011		)	—		46,177			35,166			37,576
Pimco VIT Commodity Real Return (Pinnacle )	846		1,139		(293		)	(22,518		)	—		32,972			10,454			10,161
Pimco VIT Commodity Real Return (Pinnacle IV )	543		793		(250		)	(22,126		)	—		28,717			6,591			6,341
Pimco VIT Commodity Real Return (Pinnacle V )	7,747		11,944		(4,197		)	(181,627		)	—		280,014			98,387			94,190
Pimco VIT Commodity Real Return Strategy (AdvantEdge )	3,707		5,892		(2,185		)	(89,058		)	—		139,225			50,167			47,982
Pimco VIT Commodity Real Return Strategy (AnnuiChoice II )	985		1,104		(119		)	(7,731		)	—		20,967			13,236			13,117
Pimco VIT Commodity Real Return Strategy (AnnuiChoice )	—		1		(1		)	(1,387		)	—		1,311			(76		)	(77		)
Pimco VIT Commodity Real Return Strategy (Grandmaster )	781		1,007		(226		)	(2,625		)	—		10,457			7,832			7,606
Pimco VIT Commodity Real Return Strategy (IQ Annuity )	1,449		2,092		(643		)	(20,911		)	—		38,978			18,067			17,424
Pimco VIT Commodity Real Return Strategy (GrandMaster flex3 )	74		118		(44		)	(1,869		)	—		2,814			945			901
Pimco VIT Commodity Real Return Strategy (Pinnacle Plus Reduced M&E )	137		160		(23		)	(2,649		)	—		4,443			1,794			1,771
Pimco VIT Commodity Real Return Strategy (Pinnacle Plus )	707		1,198		(491		)	(12,269		)	—		21,494			9,225			8,734
Pimco VIT Foreign Bond (Pinnacle V )*	16		74		(58		)	(280		)	—		2			(278		)	(336		)
Pimco VIT Long Term Government (AdvantEdge )	86		59		27			(10		)	—		(742		)	(752		)	(725		)
See accompanying notes.
* - 2016 inception date of subaccount.

26

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Advisor Class (continued):
Pimco VIT Long Term Government (AnnuiChoice II )	$	1,975	$	1,226	$	749		$	217		$	—	$	(2,380	)	$	(2,163	)	$	(1,414	)
Pimco VIT Long Term Government (Pinnacle )	603		437		166			(1,404		)	—		(1,255		)	(2,659		)	(2,493		)
Pimco VIT Long Term Government (Pinnacle IV )	19		14		5			(1		)	—		(417		)	(418		)	(413		)
Pimco VIT Long Term Government (Pinnacle V )	74		60		14			(13		)	—		(1,210		)	(1,223		)	(1,209		)
Pimco VIT Low Duration (AnnuiChoice II )	2,217		1,842		375			(249		)	—		159			(90		)	285
Pimco VIT Low Duration (AnnuiChoice )	39		28		11			—			—		(4		)	(4		)	7
Pimco VIT Low Duration (GrandMaster flex3 )	1,265		1,417		(152		)	(74		)	—		(14		)	(88		)	(240		)
Pimco VIT Low Duration (Grandmaster )	3,209		3,123		86			(93		)	—		(142		)	(235		)	(149		)
Pimco VIT Low Duration (IQ Annuity )	8,367		8,765		(398		)	(300		)	—		(308		)	(608		)	(1,006		)
Pimco VIT Low Duration (Pinnacle )	348		340		8			(2		)	—		(22		)	(24		)	(16		)
Pimco VIT Low Duration (Pinnacle IV )	937		979		(42		)	(396		)	—		361			(35		)	(77		)
Pimco VIT Low Duration (AdvantEdge )	1,023		1,185		(162		)	(162		)	—		86			(76		)	(238		)
Pimco VIT Low Duration (Pinnacle Plus Reduced M&E )	208		167		41			(411		)	—		383			(28		)	13
Pimco VIT Low Duration (Pinnacle Plus )	53,346		60,749		(7,403		)	(7,362		)	—		611			(6,751		)	(14,154		)
Pimco VIT Low Duration (Pinnacle V )	12,640		14,083		(1,443		)	(8,734		)	—		7,961			(773		)	(2,216		)
Pimco VIT Real Return (Pinnacle IV )	1,548		1,078		470			(1,142		)	—		3,374			2,232			2,702
Pimco VIT Real Return (AdvantEdge )	530		435		95			(996		)	—		1,965			969			1,064
Pimco VIT Real Return (AnnuiChoice II )	4,548		2,351		2,197			(1,329		)	—		6,289			4,960			7,157
Pimco VIT Real Return (AnnuiChoice )	1,818		869		949			(2,068		)	—		4,679			2,611			3,560
Pimco VIT Real Return (GrandMaster flex3 )	1,179		839		340			(207		)	—		1,686			1,479			1,819
Pimco VIT Real Return (Grandmaster )	741		449		292			(2,100		)	—		2,664			564			856
Pimco VIT Real Return (IQ Annuity )	5,275		3,547		1,728			(244		)	—		6,950			6,706			8,434
Pimco VIT Real Return (Pinnacle )	1,898		1,186		712			(1,228		)	—		3,738			2,510			3,222
Pimco VIT Real Return (Pinnacle Plus Reduced M&E )	232		121		111			(511		)	—		1,089			578			689
Pimco VIT Real Return (Pinnacle Plus )	1,566		1,245		321			(1,338		)	—		3,702			2,364			2,685
Pimco VIT Real Return (Pinnacle V )	17,301		12,348		4,953			(8,268		)	—		29,675			21,407			26,360
Pimco VIT Total Return (Pinnacle V )	243,181		192,454		50,727			(73,998		)	—		136,732			62,734			113,461
Pimco VIT Total Return (AdvantEdge )	76,542		62,304		14,238			(40,169		)	—		70,561			30,392			44,630
Pimco VIT Total Return (AnnuiChoice II )	46,348		27,124		19,224			(8,476		)	—		16,172			7,696			26,920
Pimco VIT Total Return (AnnuiChoice )	5,545		2,812		2,733			(139		)	—		1,653			1,514			4,247
Pimco VIT Total Return (GrandMaster flex3 )	13,914		10,972		2,942			(27,028		)	—		22,646			(4,382		)	(1,440		)
Pimco VIT Total Return (Grandmaster )	13,802		9,449		4,353			(3,399		)	—		8,275			4,876			9,229
Pimco VIT Total Return (IQ Annuity )	16,541		12,200		4,341			(2,768		)	—		6,513			3,745			8,086
Pimco VIT Total Return (Pinnacle )	11,382		7,630		3,752			(8,299		)	—		17,926			9,627			13,379
Pimco VIT Total Return (Pinnacle IV )	8,767		6,460		2,307			(11,638		)	—		14,927			3,289			5,596
Pimco VIT Total Return (Pinnacle Plus Reduced M&E )	1,888		1,120		768			(2,572		)	—		560			(2,012		)	(1,244		)
Pimco VIT Total Return (Pinnacle Plus )	11,354		9,606		1,748			(15,880		)	—		19,848			3,968			5,716
Investor Class:
Guggenheim VT Global Managed Future Strategy (Pinnacle )	59		71		(12		)	(1,597		)	—		888			(709		)	(721		)
Guggenheim VT Global Managed Future Strategy (Pinnacle IV )	122		57		65			670			—		(1,348		)	(678		)	(613		)
Guggenheim VT Global Managed Future Strategy (Pinnacle V )	6,434		2,730		3,704			(5,467		)	—		(28,416		)	(33,883		)	(30,179		)
See accompanying notes.
* - 2016 inception date of subaccount.

27

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
Investor Class (continued):
Guggenheim VT Global Managed Futures Strategies (AdvantEdge )	$	3,881	$	1,650	$	2,231		$	(2,785	)	$	—	$	(17,441	)	$	(20,226	)	$	(17,995	)
Guggenheim VT Global Managed Futures Strategies (AnnuiChoice II )	1,090		346		744			(359		)	—		(5,516		)	(5,875		)	(5,131		)
Guggenheim VT Global Managed Futures Strategies (AnnuiChoice )	276		75		201			(116		)	—		(1,347		)	(1,463		)	(1,262		)
Guggenheim VT Global Managed Futures Strategies (Grandmaster )	28		11		17			58			—		(216		)	(158		)	(141		)
Guggenheim VT Global Managed Futures Strategies (IQ Annuity )	—		2		(2		)	60			—		(64		)	(4		)	(6		)
Guggenheim VT Global Managed Futures Strategies (Pinnacle Plus Reduced M&E )	374		78		296			48			—		(1,502		)	(1,454		)	(1,158		)
Guggenheim VT Global Managed Futures Strategies (Pinnacle Plus )	461		262		199			(1,476		)	—		(1,481		)	(2,957		)	(2,758		)
Guggenheim VT Multi-Hedge Strategies (AdvantEdge )	113		1,857		(1,744		)	726			—		(1,381		)	(655		)	(2,399		)
Guggenheim VT Multi-Hedge Strategies (AnnuiChoice II )	41		472		(431		)	925			—		(1,227		)	(302		)	(733		)
Guggenheim VT Multi-Hedge Strategies (AnnuiChoice )	105		1,072		(967		)	85			—		(717		)	(632		)	(1,599		)
Guggenheim VT Multi-Hedge Strategies (Grandmaster flex3 )	17		274		(257		)	28			—		(133		)	(105		)	(362		)
Guggenheim VT Multi-Hedge Strategies (Grandmaster )	23		389		(366		)	2,484			—		(2,696		)	(212		)	(578		)
Guggenheim VT Multi-Hedge Strategies (IQ Annuity )	64		963		(899		)	1,833			—		(2,268		)	(435		)	(1,334		)
Guggenheim VT Multi-Hedge Strategies (Pinnacle )	66		919		(853		)	217			—		(639		)	(422		)	(1,275		)
Guggenheim VT Multi-Hedge Strategies (Pinnacle IV )	14		209		(195		)	105			—		(198		)	(93		)	(288		)
Guggenheim VT Multi-Hedge Strategies (Pinnacle Plus Reduced M&E )	37		359		(322		)	302			—		(589		)	(287		)	(609		)
Guggenheim VT Multi-Hedge Strategies (Pinnacle Plus )	10		254		(244		)	892			—		(1,052		)	(160		)	(404		)
Guggenheim VT Multi-Hedge Strategies (Pinnacle V )	85		1,371		(1,286		)	550			—		(1,109		)	(559		)	(1,845		)
Guggenheim VT Long Short Equity (AdvantEdge )	—		259		(259		)	65			—		24			89			(170		)
Guggenheim VT Long Short Equity (AnnuiChoice II )	—		691		(691		)	1,423			—		(1,098		)	325			(366		)
Guggenheim VT Long Short Equity (AnnuiChoice )	—		20		(20		)	2			—		9			11			(9		)
Guggenheim VT Long Short Equity (Grandmaster )	—		26		(26		)	1			—		8			9			(17		)
Guggenheim VT Long Short Equity (IQ Annuity )	—		13		(13		)	(1		)	—		(11		)	(12		)	(25		)
Guggenheim VT Long Short Equity (Pinnacle )	—		155		(155		)	14			—		(25		)	(11		)	(166		)
Guggenheim VT Long Short Equity (Pinnacle IV )	—		272		(272		)	81			—		(1		)	80			(192		)
Guggenheim VT Long Short Equity (Pinnacle Plus Reduced M&E )	—		78		(78		)	3			—		41			44			(34		)
Guggenheim VT Long Short Equity (Pinnacle Plus )	—		56		(56		)	(1		)	—		22			21			(35		)
Guggenheim VT Long Short Equity (Pinnacle V )	—		912		(912		)	482			—		(171		)	311			(601		)
ETF Shares:					—											—			—
iShares Core US Aggregate Bond ETF (Varoom ® )	375		286		89			107			—		(80		)	27			116
iShares Core US Aggregate Bond ETF (Varoom GLWB 2)	884		978		(94		)	351			—		(345		)	6			(88		)
iShares Core US Aggregate Bond ETF (Varoom GLWB 3)	595		486		109			68			—		(297		)	(229		)	(120		)
iShares Core US Aggregate Bond ETF (Varoom GLWB 5)	11,189		13,315		(2,126		)	5,080			—		(5,096		)	(16		)	(2,142		)
iShares Intermediate Credit Bond ETF (Varoom GLWB 2)	255		270		(15		)	249			—		(173		)	76			61
iShares Intermediate Credit Bond ETF (Varoom GLWB 3)	968		746		222			266			—		(226		)	40			262
iShares Intermediate Credit Bond ETF (Varoom GLWB 5)	15,874		18,069		(2,195		)	1,275			—		2,319			3,594			1,399
iShares TIPS Bond ETF (Varoom GLWB 2)	281		492		(211		)	35			—		526			561			350
iShares TIPS Bond ETF (Varoom GLWB 3)	375		418		(43		)	6			—		279			285			242
iShares TIPS Bond ETF (Varoom GLWB 5)	934		1,752		(818		)	(2,952		)	—		4,857			1,905			1,087
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom)	315		111		204			69			—		359			428			632
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 2)	2,211		1,046		1,165			358			—		2,550			2,908			4,073
See accompanying notes.
* - 2016 inception date of subaccount.																—

28

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
ETF Shares (continued):
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 3)	$	5,335	$	1,882	$	3,453		$	290		$	—	$	6,735		$	7,025		$	10,478
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 5)	8,297		4,256		4,041			611			—		10,366			10,977			15,018
iShares S&P 500 Growth ETF (Varoom)	729		821		(92		)	1,820			—		550			2,370			2,278
iShares S&P 500 Growth ETF (Varoom GLWB 1)	2,268		3,435		(1,167		)	5,337			—		2,307			7,644			6,477
iShares S&P 500 Growth ETF (Varoom GLWB 2)	151		252		(101		)	310			—		234			544			443
iShares S&P 500 Growth ETF (Varoom GLWB 3)	1,873		2,218		(345		)	2,624			—		4,049			6,673			6,328
iShares S&P 500 Growth ETF (Varoom GLWB 4)	26,260		42,846		(16,586		)	25,973			—		65,450			91,423			74,837
iShares S&P 500 Growth ETF (Varoom GLWB 5)	1,110		1,900		(790		)	998			—		4,307			5,305			4,515
iShares Core S&P 500 Index ETF (Varoom)	2,205		1,731		474			5,596			—		3,574			9,170			9,644
iShares Core S&P 500 Index ETF (Varoom GLWB 1)	20,516		22,148		(1,632		)	65,364			—		22,126			87,490			85,858
iShares Core S&P 500 Index ETF (Varoom GLWB 2)	640		736		(96		)	1,147			—		1,623			2,770			2,674
iShares Core S&P 500 Index ETF (Varoom GLWB 3)	11,162		9,045		2,117			6,678			—		37,624			44,302			46,419
iShares Core S&P 500 Index ETF (Varoom GLWB 4)	424,035		491,686		(67,651		)	659,647			—		1,167,551			1,827,198			1,759,547
iShares Core S&P 500 Index ETF (Varoom GLWB 5)	26,826		33,051		(6,225		)	25,017			—		90,967			115,984			109,759
iShares S&P 500 Value Index ETF (Varoom GLWB 1)	678		758		(80		)	10,688			—		(6,568		)	4,120			4,040
iShares S&P 500 Value Index ETF (Varoom GLWB 2)	239		251		(12		)	584			—		770			1,354			1,342
iShares S&P 500 Value Index ETF (Varoom GLWB 3)	2,558		1,975		583			1,289			—		12,916			14,205			14,788
iShares S&P 500 Value Index ETF (Varoom GLWB 4)	7,951		8,250		(299		)	14,704			—		30,603			45,307			45,008
iShares S&P 500 Value Index ETF (Varoom GLWB 5)	1,745		1,902		(157		)	11,278			—		(3,426		)	7,852			7,695
iShares Core S&P MidCap Index ETF (Varoom)	908		904		4			1,468			—		7,436			8,904			8,908
iShares Core S&P MidCap Index ETF (Varoom GLWB 1)	4,821		6,627		(1,806		)	26,285			—		22,297			48,582			46,776
iShares Core S&P MidCap Index ETF (Varoom GLWB 2)	1,620		2,353		(733		)	3,771			—		12,754			16,525			15,792
iShares Core S&P MidCap Index ETF (Varoom GLWB 3)	2,812		2,866		(54		)	613			—		25,086			25,699			25,645
iShares Core S&P MidCap Index ETF (Varoom GLWB 4)	92,920		136,623		(43,703		)	303,144			—		641,732			944,876			901,173
iShares Core S&P MidCap Index ETF (Varoom GLWB 5)	7,178		11,220		(4,042		)	16,198			—		57,330			73,528			69,486
iShares Core S&P Small Cap Index ETF (Varoom)	494		611		(117		)	978			—		7,016			7,994			7,877
iShares Core S&P Small Cap Index ETF (Varoom GLWB 1)	1,938		3,327		(1,389		)	17,643			—		14,261			31,904			30,515
iShares Core S&P Small Cap Index ETF (Varoom GLWB 2)	702		1,267		(565		)	2,092			—		9,619			11,711			11,146
iShares Core S&P Small Cap Index ETF (Varoom GLWB 3)	1,543		1,962		(419		)	335			—		24,133			24,468			24,049
iShares Core S&P Small Cap Index ETF (Varoom GLWB 4)	37,303		68,618		(31,315		)	200,007			—		424,920			624,927			593,612
iShares Core S&P Small Cap Index ETF (Varoom GLWB 5)	4,869		9,515		(4,646		)	18,860			—		63,163			82,023			77,377
iShares International Treasury Bond (Varoom)	114		317		(203		)	(31		)	—		151			120			(83		)
iShares International Treasury Bond (Varoom GLWB 1)	893		3,274		(2,381		)	(1,238		)	—		2,699			1,461			(920		)
iShares International Treasury Bond (Varoom GLWB 3)	254		562		(308		)	(462		)	—		248			(214		)	(522		)
iShares International Treasury Bond (Varoom GLWB 4)	17,298		67,271		(49,973		)	(14,696		)	—		24,239			9,543			(40,430		)
iShares International Treasury Bond (Varoom GLWB 5)	19		77		(58		)	(7		)	—		12			5			(53		)
Vanguard Dividend Appreciation Index Fund ETF (Varoom)	176		143		33			216			—		514			730			763
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 2)	6,346		7,375		(1,029		)	7,724			—		18,527			26,251			25,222
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 3)	5,309		4,510		799			5,969			—		15,387			21,356			22,155
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 5)	20,205		25,315		(5,110		)	31,990			—		50,878			82,868			77,758
Vanguard Emerging Markets Index Fund ETF (Varoom)	503		343		160			(60		)	—		1,769			1,709			1,869
See accompanying notes.
* - 2016 inception date of subaccount.

29

Separate Account I

of

National Integrity Life Insurance Company

Statements of Operations (continued)

For the Year Ended December 31, 2016

	Investment							Realized and unrealized gain (loss) on investments
	Income		Expenses
Subaccount	Reinvested dividends		Mortality and expense risk and administrative charges		Net investment income (loss)			Realized gain (loss) on sales of investments			Realized gain distributions		Change in net unrealized appreciation (depreciation) during the period			Net realized and unrealized gain (loss) on investments			Net increase (decrease) in net assets resulting from operations
ETF Shares (continued):
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 2)	$	1,833	$	1,874	$	(41	)	$	(2,066	)	$	—	$	9,707		$	7,641		$	7,600
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 3)	1,636		1,228		408			(885		)	—		6,598			5,713			6,121
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 5)	5,635		6,151		(516		)	(400		)	—		22,468			22,068			21,552
Vanguard Developed Markets Index FundETF (Varoom)	777		446		331			229			—		(337		)	(108		)	223
Vanguard Developed Markets Index FundETF (Varoom GLWB 1)	4,218		3,259		959			3,861			—		(4,259		)	(398		)	561
Vanguard Developed Markets Index FundETF (Varoom GLWB 2)	98		83		15			51			—		(56		)	(5		)	10
Vanguard Developed Markets Index FundETF (Varoom GLWB 3)	1,103		656		447			(899		)	—		877			(22		)	425
Vanguard Developed Markets Index FundETF (Varoom GLWB 4)	80,430		67,089		13,341			27,131			—		(27,285		)	(154		)	13,187
Vanguard Developed Markets Index FundETF (Varoom GLWB 5)	4,662		4,112		550			443			—		(132		)	311			861
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom)	571		313		258			201			—		143			344			602
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 2)	996		803		193			282			—		288			570			763
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 3)	1,807		1,058		749			840			—		(453		)	387			1,136
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 5)	345		290		55			35			—		148			183			238
Vanguard Large-Cap Index ETF (Varoom)	181		150		31			260			—		527			787			818
Vanguard Large-Cap Index ETF (Varoom GLWB 2)	2,817		3,447		(630		)	2,955			—		9,758			12,713			12,083
Vanguard Large-Cap Index ETF (Varoom GLWB 3)	1,033		944		89			318			—		4,184			4,502			4,591
Vanguard Large-Cap Index ETF (Varoom GLWB 5)	9,846		12,976		(3,130		)	13,470			—		32,826			46,296			43,166
Vanguard Mega Cap Index ETF (Varoom)	638		496		142			835			—		1,731			2,566			2,708
Vanguard Mega Cap Index ETF (Varoom GLWB 2)	306		349		(43		)	541			—		723			1,264			1,221
Vanguard Mega Cap Index ETF (Varoom GLWB 5)	1,786		2,194		(408		)	4,618			—		2,424			7,042			6,634
Vanguard REIT Index ETF (Varoom GLWB 2)	2,236		1,189		1,047			1,874			—		202			2,076			3,123
Vanguard REIT Index ETF (Varoom GLWB 3)	2,338		879		1,459			951			—		1,054			2,005			3,464
Vanguard REIT Index ETF (Varoom GLWB 5)	12,637		7,300		5,337			6,845			—		4,015			10,860			16,197
Vanguard Total Bond Market Index ETF (Varoom)	1,548		1,140		408			1,010			28		(888		)	150			558
Vanguard Total Bond Market Index ETF (Varoom GLWB 1)	23,127		22,914		213			22,522			414		(20,825		)	2,111			2,324
Vanguard Total Bond Market Index ETF (Varoom GLWB 2)	9,464		10,156		(692		)	2,041			172		(2,183		)	30			(662		)
Vanguard Total Bond Market Index ETF (Varoom GLWB 3)	9,165		7,162		2,003			2,035			200		(2,471		)	(236		)	1,767
Vanguard Total Bond Market Index ETF (Varoom GLWB 4)	439,845		471,072		(31,227		)	57,814			8,079		(67,986		)	(2,093		)	(33,320		)
Vanguard Total Bond Market Index ETF (Varoom GLWB 5)	32,716		37,751		(5,035		)	4,166			612		(5,508		)	(730		)	(5,765		)
Vanguard VI Money Market (Varoom GLWB 3)	71		293		(222		)	(173		)	—		173			—			(222		)
Vanguard VI Money Market (Varoom GLWB 5)	15		90		(75		)	(24		)	—		24			—			(75		)
Vanguard Short Term Bond ETF (Varoom GLWB 3)	999		1,310		(311		)	335			11		(482		)	(136		)	(447		)
Vanguard Short Term Bond ETF (Varoom GLWB 5)	423		803		(380		)	30			5		(89		)	(54		)	(434		)
See accompanying notes.
* - 2016 inception date of subaccount.

30

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations											Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations		Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Affiliated:
Touchstone Aggressive ETF (AdvantEdge )	$	688		$	6,234		$	15,321		$	22,243	$	—	$	(13,512	)	$	62,952		$	(2,359	)	$	47,081		$	69,324		$	347,066	$	416,390	4,770	(1,458	)	3,312
Touchstone Aggressive ETF (AnnuiChoice ®)	2,159			1,020			23,296			26,475		—		(8,854		)	—			(258		)	(9,112		)	17,363			391,588		408,951		—	(538	)	(538	)
Touchstone Aggressive ETF (AnnuiChoice II )	1,744			35,589			(17,991		)	19,342		21,189		(22,854		)	(125,350		)	(697		)	(127,712		)	(108,370		)	560,031		451,661		1,256	(8,155	)	(6,899	)
Touchstone Aggressive ETF (GrandMaster flex3 )	(393		)	16,458			49,542			65,607		180		(71,679		)	305			(444		)	(71,638		)	(6,031		)	1,104,746		1,098,715		32	(4,566	)	(4,534	)
Touchstone Aggressive ETF (Grandmaster )	427			1,360			14,021			15,808		—		(29,672		)	—			(61		)	(29,733		)	(13,925		)	285,211		271,286		—	(1,903	)	(1,903	)
Touchstone Aggressive ETF (IQ Annuity )	(726		)	64,294			(19,732		)	43,836		2,664		(64,069		)	(114,352		)	(308		)	(176,065		)	(132,229		)	836,474		704,245		165	(11,187	)	(11,022	)
Touchstone Aggressive ETF (Pinnacle )	1,141			3,610			38,481			43,232		—		(31,311		)	—			(32		)	(31,343		)	11,889			680,955		692,844		—	(1,898	)	(1,898	)
Touchstone Aggressive ETF (Pinnacle IV )	1,374			12,603			28,453			42,430		325		(170,160		)	65,553			(545		)	(104,827		)	(62,397		)	929,514		867,117		6,166	(13,396	)	(7,230	)
Touchstone Aggressive ETF (Pinnacle Plus Reduced M&E )	822			122			6,639			7,583		—		(463		)	49,130			(91		)	48,576			56,159			87,147		143,306		3,264	(37	)	3,227
Touchstone Aggressive ETF (Pinnacle Plus )	(1,090		)	8,801			3,136			10,847		—		(60,474		)	(47,343		)	(113		)	(107,930		)	(97,083		)	258,277		161,194		112	(7,001	)	(6,889	)
Touchstone Aggressive ETF (Pinnacle V )	(322		)	33,785			17,411			50,874		86,754		(129,530		)	14,011			(3,686		)	(32,451		)	18,423			860,046		878,469		6,652	(8,389	)	(1,737	)
Touchstone Conservative ETF (AdvantEdge )	(97		)	1,058			3,547			4,508		—		—			(702		)	(680		)	(1,382		)	3,126			117,231		120,357		144	(256	)	(112	)
Touchstone Conservative ETF (AnnuiChoice II )	1,172			5,924			7,734			14,830		600		(17,741		)	573			(2,224		)	(18,792		)	(3,962		)	346,745		342,783		66	(1,337	)	(1,271	)
Touchstone Conservative ETF (AnnuiChoice )	59			137			303			499		—		(142		)	—			(14		)	(156		)	343			11,021		11,364		—	(10	)	(10	)
Touchstone Conservative ETF (GrandMaster flex3 )	(817		)	37,073			(6,410		)	29,846		—		(230,743		)	71,030			(162		)	(159,875		)	(130,029		)	738,318		608,289		5,156	(16,115	)	(10,959	)
Touchstone Conservative ETF (Grandmaster )	207			4,999			2,328			7,534		—		(16,237		)	747			(26		)	(15,516		)	(7,982		)	184,341		176,359		93	(1,142	)	(1,049	)
Touchstone Conservative ETF (IQ Annuity )	1,622			19,698			31,148			52,468		—		(100,155		)	199,714			(608		)	98,951			151,419			1,265,627		1,417,046		13,534	(6,734	)	6,800
Touchstone Conservative ETF (Pinnacle )	716			7,113			9,763			17,592		63,795		(71,727		)	4,379			(57		)	(3,610		)	13,982			424,989		438,971		294	(542	)	(248	)
Touchstone Conservative ETF (Pinnacle IV )	567			14,965			30,263			45,795		50,000		(104,260		)	(14,560		)	(236		)	(69,056		)	(23,261		)	1,201,448		1,178,187		3,423	(8,309	)	(4,886	)
Touchstone Conservative ETF (Pinnacle Plus Reduced M&E )	556			(7,277		)	18,544			11,823		—		(145,926		)	67,900			(220		)	(78,246		)	(66,423		)	311,684		245,261		6,080	(12,479	)	(6,399	)
Touchstone Conservative ETF (Pinnacle Plus )	(2,007		)	(3,171		)	31,633			26,455		—		(84,541		)	(67,900		)	(46		)	(152,487		)	(126,032		)	739,707		613,675		—	(10,765	)	(10,765	)
Touchstone Conservative ETF Fund (Pinnacle V )	(7,230		)	37,957			75,317			106,044		91,518		(877,484		)	(97,148		)	(8,072		)	(891,186		)	(785,142		)	3,128,776		2,343,634		2,607	(64,928	)	(62,321	)
Touchstone Active Bond (AdvantEdge )	1,108			(245		)	8,404			9,267		—		(1,363		)	(1,059		)	(1,542		)	(3,964		)	5,303			220,336		225,639		337	(666	)	(329	)
Touchstone Active Bond (AnnuiChoice II )	817			(1,580		)	4,731			3,968		9,658		(20,116		)	1,105			(291		)	(9,644		)	(5,676		)	92,424		86,748		873	(1,601	)	(728	)
Touchstone Active Bond (AnnuiChoice )	2,302			(380		)	8,711			10,633		—		(12,744		)	—			(21		)	(12,765		)	(2,132		)	217,842		215,710		1	(793	)	(792	)
Touchstone Active Bond (GrandMaster flex3 )	183			(1,173		)	9,386			8,396		—		(46,588		)	(3,444		)	(144		)	(50,176		)	(41,780		)	172,816		131,036		—	(3,402	)	(3,402	)
Touchstone Active Bond (Grandmaster )	220			(115		)	1,275			1,380		—		(1,844		)	—			(19		)	(1,863		)	(483		)	31,007		30,524		—	(134	)	(134	)
Touchstone Active Bond (IQ Annuity )	793			(263		)	4,811			5,341		—		(3,205		)	1,005			(120		)	(2,320		)	3,021			121,071		124,092		168	(325	)	(157	)
Touchstone Active Bond (Pinnacle )	583			(2,570		)	18,204			16,217		—		(121,325		)	410			(243		)	(121,158		)	(104,941		)	354,493		249,552		2,661	(10,741	)	(8,080	)
Touchstone Active Bond (Pinnacle IV )	3,907			(25,949		)	72,559			50,517		4,562		(280,054		)	(31,177		)	(231		)	(306,900		)	(256,383		)	1,163,658		907,275		75	(20,944	)	(20,869	)
Touchstone Active Bond (Pinnacle Plus Reduced M&E )	1,518			47			7,683			9,248		—		(47,383		)	34,264			(104		)	(13,223		)	(3,975		)	180,573		176,598		3,666	(4,795	)	(1,129	)
Touchstone Active Bond (Pinnacle Plus )	550			(1,648		)	10,141			9,043		—		(15,656		)	(34,272		)	(139		)	(50,067		)	(41,024		)	232,303		191,279		1	(3,792	)	(3,791	)
Touchstone Active Bond (PinnacleV )	7,885			(26,057		)	77,284			59,112		242,532		(115,846		)	(85,105		)	(6,988		)	34,593			93,705			1,401,865		1,495,570		21,108	(18,579	)	2,529
Touchstone GMAB Aggressive ETF (AnnuiChoice II )	(376		)	4,798			5,232			9,654		—		(7,097		)	—			(328		)	(7,425		)	2,229			163,559		165,788		—	(382	)	(382	)
Touchstone GMAB Aggressive ETF (Pinnacle IV )	(3,192		)	50,815			(27,815		)	19,808		—		(2,900		)	(97,935		)	(54		)	(100,889		)	(81,081		)	365,788		284,707		—	(5,176	)	(5,176	)
Touchstone GMAB Aggressive ETF (Pinnacle V )	(1,144		)	12,262			(2,525		)	8,593		—		(24,689		)	—			(31		)	(24,720		)	(16,127		)	202,263		186,136		1	(1,407	)	(1,406	)
Touchstone GMAB Conservative ETF (Pinnacle IV )	(461		)	3,846			(1,060		)	2,325		—		(19,324		)	—			(31		)	(19,355		)	(17,030		)	96,529		79,499		—	(1,451	)	(1,451	)
Touchstone GMAB Conservative ETF (Pinnacle V )	(2,018		)	24,579			(16,282		)	6,279		—		(133,152		)	—			(60		)	(133,212		)	(126,933		)	279,607		152,674		—	(9,791	)	(9,791	)
Touchstone GMAB Moderate ETF (Pinnacle IV )	(3,294		)	126,764			(98,923		)	24,547		—		(284,850		)	—			(46		)	(284,896		)	(260,349		)	898,828		638,479		—	(17,691	)	(17,691	)
Touchstone GMAB Moderate ETF(Pinnacle V )	(8,094		)	170,996			(151,453		)	11,449		—		(653,572		)	—			(30		)	(653,602		)	(642,153		)	899,284		257,131		28	(40,326	)	(40,298	)
Touchstone Large Cap Core Equity (AdvantEdge )	(1,083		)	21,994			(10,881		)	10,030		2,768		(8,536		)	(3,943		)	(640		)	(10,351		)	(321		)	145,661		145,340		400	(1,088	)	(688	)
Touchstone Large Cap Core Equity (AnnuiChoice II )	(648		)	30,903			(11,497		)	18,758		29,882		(12,269		)	7,970			(1,008		)	24,575			43,333			223,392		266,725		2,561	(1,001	)	1,560
Touchstone Large Cap Core Equity (AnnuiChoice )	(53		)	4,400			(2,317		)	2,030		—		(4,010		)	—			(27		)	(4,037		)	(2,007		)	29,909		27,902		—	(223	)	(223	)
Touchstone Large Cap Core Equity (GrandMaster flex3 )	(253		)	4,101			(1,239		)	2,609		—		(123		)	—			(27		)	(150		)	2,459			36,638		39,097		—	(8	)	(8	)
Touchstone Large Cap Core Equity (Grandmaster )	(356		)	9,365			(4,304		)	4,705		—		(2,996		)	(3,729		)	(37		)	(6,762		)	(2,057		)	73,990		71,933		—	(393	)	(393	)
Touchstone Large Cap Core Equity (IQ Annuity )	(2,611		)	50,422			(20,466		)	27,345		896		(20,362		)	(17,232		)	(89		)	(36,787		)	(9,442		)	404,240		394,798		53	(2,121	)	(2,068	)
Touchstone Large Cap Core Equity (Pinnacle )	(6,610		)	223,330			(127,308		)	89,412		71,116		(137,411		)	(58,108		)	(310		)	(124,713		)	(35,301		)	1,319,184		1,283,883		3,538	(10,187	)	(6,649	)
Touchstone Large Cap Core Equity (Pinnacle IV )	(3,466		)	98,455			(69,408		)	25,581		—		(171,031		)	2,507			(261		)	(168,785		)	(143,204		)	494,238		351,034		167	(9,288	)	(9,121	)
Touchstone Large Cap Core Equity (Pinnacle II Reduced M&E )	(118		)	5,539			(1,524		)	3,897		—		—			—			(19		)	(19		)	3,878			51,031		54,909		—	(1	)	(1	)
Touchstone Large Cap Core Equity (Pinnacle Plus Reduced M&E )	(418		)	15,232			(4,015		)	10,799		—		(18,205		)	16,558			(147		)	(1,794		)	9,005			132,560		141,565		1,137	(1,196	)	(59	)
Touchstone Large Cap Core Equity (Pinnacle Plus )	(933		)	21,864			(16,094		)	4,837		—		(19,426		)	(18,644		)	(67		)	(38,137		)	(33,300		)	120,421		87,121		1	(2,088	)	(2,087	)
Touchstone Large Cap Core Equity (PinnacleV )	(5,948		)	121,480			(56,610		)	58,922		63,502		(93,316		)	33,654			(3,987		)	(147		)	58,775			727,191		785,966		9,410	(8,910	)	500
Touchstone Focused (AdvantEdge )	(8,936		)	84,490			(19,685		)	55,869		2,767		(89,283		)	(86,832		)	(2,046		)	(175,394		)	(119,525		)	611,556		492,031		440	(11,000	)	(10,560	)
Touchstone Focused (AnnuiChoice II )	(16,702		)	311,196			(121,968		)	172,526		192,712		(60,610		)	247,119			(1,692		)	377,529			550,055			1,196,755		1,746,810		23,120	(3,688	)	19,432
See accompanying notes.
* - 2016 inception date of subaccount.

31

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Affiliated (continued):
Touchstone Focused (AnnuiChoice )	$	(4,277	)	$	125,519		$	(78,023	)	$	43,219		$	—	$	(7,202	)	$	(45,416	)	$	(356	)	$	(52,974	)	$	(9,755	)	$	492,815	$	483,060	1,208	(3,242	)	(2,034	)
Touchstone Focused (GrandMaster flex3 )	(14,887		)	221,253			(111,541		)	94,825			15,000		(110,822		)	31,777			(458		)	(64,503		)	30,322			1,065,067		1,095,389		5,805	(8,683	)	(2,878	)
Touchstone Focused (Grandmaster )	(20,253		)	(36,464		)	60,201			3,484			2,980		(55,657		)	(931,912		)	(261		)	(984,850		)	(981,366		)	1,640,650		659,284		618	(44,585	)	(43,967	)
Touchstone Focused (IQ Annuity )	(37,983		)	570,347			(245,461		)	286,903			1,231		(118,172		)	(14,176		)	(578		)	(131,695		)	155,208			2,589,694		2,744,902		469	(4,667	)	(4,198	)
Touchstone Focused (Pinnacle )	(55,802		)	752,008			(240,031		)	456,175			11,544		(395,348		)	(71,929		)	(1,225		)	(456,958		)	(783		)	4,177,228		4,176,445		3,493	(19,397	)	(15,904	)
Touchstone Focused (Pinnacle IV )	(47,410		)	373,825			(60,731		)	265,684			62,273		(904,967		)	(941,299		)	(1,721		)	(1,785,714		)	(1,520,030		)	4,470,766		2,950,736		653	(68,102	)	(67,449	)
Touchstone Focused (Pinnacle II Reduced M&E )	(665		)	9,003			(1,822		)	6,516			—		(23,178		)	—			(66		)	(23,244		)	(16,728		)	81,752		65,024		—	(854	)	(854	)
Touchstone Focused (Pinnacle Plus Reduced M&E )	(8,191		)	104,659			(22,561		)	73,907			3,487		(192,685		)	13,096			(762		)	(176,864		)	(102,957		)	801,770		698,813		5,487	(15,944	)	(10,457	)
Touchstone Focused (Pinnacle Plus )	(10,699		)	(690,942		)	357,091			(344,550		)	344		(230,575		)	(3,597,438		)	(452		)	(3,828,121		)	(4,172,671		)	4,577,631		404,960		326	(154,349	)	(154,023	)
Touchstone Focused (PinnacleV )	(45,505		)	506,336			(146,336		)	314,495			219,057		(269,467		)	(151,696		)	(7,284		)	(209,390		)	105,105			2,981,184		3,086,289		20,099	(33,949	)	(13,850	)
Touchstone Moderate ETF (AdvantEdge )	916			79,180			(25,244		)	54,852			8,000		(10,614		)	1,843			(7,192		)	(7,963		)	46,889			1,061,085		1,107,974		1,804	(2,355	)	(551	)
Touchstone Moderate ETF (AnnuiChoice II )	2,796			93,585			(51,813		)	44,568			600		(132,974		)	9,778			(2,237		)	(124,833		)	(80,265		)	824,674		744,409		1,193	(10,068	)	(8,875	)
Touchstone Moderate ETF (AnnuiChoice )	1,524			19,035			(7,698		)	12,861			—		(10,761		)	(204		)	(114		)	(11,079		)	1,782			229,062		230,844		7	(679	)	(672	)
Touchstone Moderate ETF (GrandMaster flex3 )	524			92,887			(60,229		)	33,182			74,551		(50,814		)	(75,615		)	(421		)	(52,299		)	(19,117		)	680,188		661,071		6,906	(10,321	)	(3,415	)
Touchstone Moderate ETF (Grandmaster )	652			12,903			(7,081		)	6,474			240		(19,226		)	24,287			(24		)	5,277			11,751			135,959		147,710		1,528	(1,259	)	269
Touchstone Moderate ETF (IQ Annuity )	2,927			109,264			(44,983		)	67,208			375		(54,421		)	(3,523		)	(719		)	(58,288		)	8,920			1,290,713		1,299,633		74	(3,761	)	(3,687	)
Touchstone Moderate ETF (Pinnacle )	1,153			46,722			(26,335		)	21,540			—		(57,031		)	(522		)	(97		)	(57,650		)	(36,110		)	442,693		406,583		179	(3,853	)	(3,674	)
Touchstone Moderate ETF (Pinnacle IV )	1,115			174,126			(106,932		)	68,309			44,760		(473,636		)	2,858			(503		)	(426,521		)	(358,212		)	1,651,355		1,293,143		179	(27,787	)	(27,608	)
Touchstone Moderate ETF (Pinnacle Plus Reduced M&E )	3,732			38,415			(6,654		)	35,493			—		(55,285		)	82,377			(714		)	26,378			61,871			614,543		676,414		5,959	(4,039	)	1,920
Touchstone Moderate ETF (Pinnacle Plus )	(3,516		)	103,788			(65,792		)	34,480			344		(171,259		)	(227,235		)	(616		)	(398,766		)	(364,286		)	871,245		506,959		124	(26,113	)	(25,989	)
Touchstone Moderate ETF (Pinnacle V )	(245		)	137,187			(50,749		)	86,193			49,356		(324,592		)	(58,186		)	(3,357		)	(336,779		)	(250,586		)	1,851,051		1,600,465		4,035	(29,210	)	(25,175	)
Non-Affiliated Initial Class:
Fidelity VIP Balanced (Pinnacle )	(774		)	40,424			8,790			48,440			—		(164,861		)	—			(301		)	(165,162		)	(116,722		)	996,956		880,234		1	(11,239	)	(11,238	)
Fidelity VIP Balanced (Grandmaster )	(622		)	43,545			24,962			67,885			—		(105,640		)	—			(463		)	(106,103		)	(38,218		)	1,229,536		1,191,318		1	(4,334	)	(4,333	)
Fidelity VIP Overseas (Pinnacle )	70			(545		)	(5,369		)	(5,844		)	—		(2,787		)	—			(22		)	(2,809		)	(8,653		)	92,417		83,764		1	(315	)	(314	)
Fidelity VIP Overseas (Pinnacle IV )	(274		)	27,281			(36,386		)	(9,379		)	—		(68,976		)	—			(39		)	(69,015		)	(78,394		)	154,084		75,690		—	(7,776	)	(7,776	)
Fidelity VIP Equity-Income (Grandmaster )	80,020			181,460			1,081,824			1,343,304			32,434		(835,270		)	1,070,102			(2,421		)	264,845			1,608,149			7,228,195		8,836,344		16,452	(11,627	)	4,825
Fidelity VIP Equity-Income (Pinnacle )	7,843			144,774			(5,062		)	147,555			8,232		(221,109		)	12,863			(347		)	(200,361		)	(52,806		)	1,039,390		986,584		839	(9,891	)	(9,052	)
Fidelity VIP Equity-Income (Pinnacle II Reduced M&E )	183			903			1,192			2,278			—		—			—			—			—			2,278			13,617		15,895		—	—		—
Fidelity VIP Growth (Grandmaster )	(54,249		)	581,264			(560,159		)	(33,144		)	—		(305,603		)	(11,766		)	(1,535		)	(318,904		)	(352,048		)	4,399,923		4,047,875		—	(3,132	)	(3,132	)
Fidelity VIP High Income (Grandmaster )	74,942			(57,025		)	224,766			242,683			16,060		(143,154		)	280,821			(504		)	153,223			395,906			1,552,800		1,948,706		26,531	(19,413	)	7,118
Fidelity VIP II Asset Manager (Grandmaster )	3,796			142,008			(95,056		)	50,748			44,430		(330,532		)	745			(1,170		)	(286,527		)	(235,779		)	3,372,539		3,136,760		630	(6,539	)	(5,909	)
Fidelity VIP II Contrafund (Grandmaster )	(50,247		)	922,898			(378,390		)	494,261			74,886		(1,047,541		)	(542,902		)	(2,409		)	(1,517,966		)	(1,023,705		)	9,604,225		8,580,520		56	(24,260	)	(24,204	)
Fidelity VIP II Contrafund (Pinnacle )	(24,385		)	557,853			(275,898		)	257,570			106,110		(589,521		)	(51,476		)	(1,452		)	(536,339		)	(278,769		)	4,591,864		4,313,095		2,355	(19,062	)	(16,707	)
Fidelity VIP II Contrafund (Pinnacle II Reduced M&E )	(100		)	2,970			(346		)	2,524			—		—			—			(8		)	(8		)	2,516			37,030		39,546		—	—		—
Fidelity VIP II Index 500 (Grandmaster )	216			277,938			2,007			280,161			—		(615,420		)	(34,839		)	(935		)	(651,194		)	(371,033		)	3,200,173		2,829,140		108	(12,505	)	(12,397	)
Fidelity VIP II Index 500 (IQ3 )	47			166			2,570			2,783			—		—			—			(28		)	(28		)	2,755			26,976		29,731		—	(1	)	(1	)
Fidelity VIP II Index 500 (Pinnacle )	(429		)	103,740			54,567			157,878			—		(459,318		)	—			(524		)	(459,842		)	(301,964		)	1,883,559		1,581,595		37	(30,854	)	(30,817	)
Fidelity VIP II Index 500 (Pinnacle IV )	(222		)	7,706			(6,557		)	927			—		(19,594		)	—			(3		)	(19,597		)	(18,670		)	20,054		1,384		—	(1,297	)	(1,297	)
Fidelity VIP II Index 500 (Pinnacle II Reduced M&E )	83			121			2,195			2,399			—		—			—			(7		)	(7		)	2,392			22,461		24,853		—	—		—
Fidelity VIP II Investment Grade Bond (Pinnacle )	5,231			14,584			2,932			22,747			—		(155,469		)	—			(332		)	(155,801		)	(133,054		)	708,441		575,387		—	(11,731	)	(11,731	)
Fidelity VIP II Investment Grade Bond (Pinnacle IV )	3,542			19,144			1,427			24,113			—		(193,420		)	—			(173		)	(193,593		)	(169,480		)	703,171		533,691		—	(14,532	)	(14,532	)
Fidelity VIP II Investment Grade Bond (AnnuiChoice )	96			7			159			262			—		(201		)	—			(9		)	(210		)	52			6,963		7,015		—	(15	)	(15	)
Fidelity VIP II Investment Grade Bond (Grandmaster flex3 )	139			44			423			606			—		(1,002		)	—			(17		)	(1,019		)	(413		)	18,585		18,172		—	(76	)	(76	)
Fidelity VIP II Investment Grade Bond (Grandmaster )	9,590			2,773			20,025			32,388			—		(71,943		)	—			(318		)	(72,261		)	(39,873		)	1,000,814		960,941		—	(2,055	)	(2,055	)
Fidelity VIP II Investment Grade Bond (IQ Annuity )	158			934			324			1,416			—		(9,908		)	—			(34		)	(9,942		)	(8,526		)	36,465		27,939		—	(734	)	(734	)
Fidelity VIP II Investment Grade Bond (Pinnacle Plus Reduced M&E )	868			176			1,445			2,489			—		(3,145		)	3,945			(99		)	701			3,190			68,131		71,321		355	(286	)	69
Fidelity VIP II Investment Grade Bond (Pinnacle Plus )	(18		)	77			10			69			—		—			(3,945		)	(4		)	(3,949		)	(3,880		)	3,880		—		—	(309	)	(309	)
Fidelity VIP Government Money Market IC (Pinacle )	(10,128		)	—			(4		)	(10,132		)	14,775		(302,621		)	106,351			(519		)	(182,014		)	(192,146		)	926,544		734,398		18,759	(37,289	)	(18,530	)
Fidelity VIP Government Money Market IC (Pinacle II )	(164		)	—			1			(163		)	—		—			—			(3		)	(3		)	(166		)	18,335		18,169		—	—		—
Fidelity VIP Government Money Market IC (Pinacle IV )	(12,289		)	—			1			(12,288		)	325		(277,794		)	(92,124		)	(2,649		)	(372,242		)	(384,530		)	1,197,905		813,375		17,123	(54,919	)	(37,796	)
Fidelity VIP Government Money Market IC (Pinacle V )	(8,842		)	—			(3		)	(8,845		)	46,899		(230,246		)	19,908			(319		)	(163,758		)	(172,603		)	737,288		564,685		84,109	(100,773	)	(16,664	)
Fidelity VIP Government Money Market IC (Pinnacle Plus )	(30,016		)	—			6			(30,010		)	—		(619,888		)	3,469,635			(695		)	2,849,052			2,819,042			193,592		3,012,634		1,427,374	(1,137,695	)	289,679
Fidelity VIP Government Money Market IC (Pinnacle Plus Reduced M&E )	(1,927		)	—			—			(1,927		)	—		(67,380		)	64,013			(186		)	(3,553		)	(5,480		)	192,676		187,196		7,947	(8,319	)	(372	)
Fidelity VIP Government Money Market IC (GrandMaster )	(16,331		)	—			—			(16,331		)	15,442		(304,097		)	(182,975		)	(756		)	(472,386		)	(488,717		)	1,708,769		1,220,052		55,368	(103,237	)	(47,869	)
See accompanying notes.
* - 2016 inception date of subaccount.

32

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Initial Class (continued):
Fidelity VIP Government Money Market IC (GrandMaster flex3 )	$	(4,706	)	$	—		$	—		$	(4,706	)	$	—	$	(190,011	)	$	(1,170,691	)	$	(187	)	$	(1,360,889	)	$	(1,365,595	)	$	1,424,487	$	58,892	128,227	(266,154	)	(137,927	)
Fidelity VIP Government Money Market IC (AdvantEdge )	(7,814		)	—			1			(7,813		)	7,378		(371,216		)	(526,508		)	(109		)	(890,455		)	(898,268		)	1,161,052		262,784		57,869	(148,304	)	(90,435	)
Fidelity VIP Government Money Market IC (AnnuiChoice )	(1,611		)	—			—			(1,611		)	—		(27,580		)	10			(422		)	(27,992		)	(29,603		)	203,649		174,046		1	(2,840	)	(2,839	)
Fidelity VIP Government Money Market IC (AnnuiChoice 2 )	(1,683		)	—			—			(1,683		)	—		(21,154		)	(29,054		)	(38		)	(50,246		)	(51,929		)	200,776		148,847		142,787	(147,877	)	(5,090	)
Fidelity VIP Government Money Market IC (IQ3 )	(21,759		)	—			—			(21,759		)	73,999		(334,641		)	(5,065,621		)	(512		)	(5,326,775		)	(5,348,534		)	6,160,993		812,459		557,294	(1,096,411	)	(539,117	)
Fidelity VIP Government Money Market (Varoom GLWB 3)*	(128		)	—			—			(128		)	6		—			28,201			—			28,207			28,079			—		28,079		2,821	—		2,821
Fidelity VIP Government Money Market (Varoom GLWB 5)*	(35		)	—			—			(35		)	1		—			5,238			—			5,239			5,204			—		5,204		524	—		524
Fidelity VIP Overseas (AnnuiChoice )	7			10			(117		)	(100		)	—		—			—			(2		)	(2		)	(102		)	1,675		1,573		—	—		—
Fidelity VIP Overseas (Grandmaster flex3 )	(29		)	308			(2,324		)	(2,045		)	—		(176		)	—			(9		)	(185		)	(2,230		)	31,271		29,041		—	(22	)	(22	)
Fidelity VIP Overseas (Grandmaster )	(244		)	(92,657		)	9,016			(83,885		)	—		(204,309		)	(63,099		)	(445		)	(267,853		)	(351,738		)	1,347,664		995,926		—	(7,627	)	(7,627	)
Fidelity VIP Overseas (IQ Annuity )	2			1			(1,175		)	(1,172		)	—		—			—			(8		)	(8		)	(1,180		)	18,189		17,009		—	(1	)	(1	)
Fidelity VIP Overseas (Pinnacle Plus Reduced M&E )	(315		)	(3,677		)	1,501			(2,491		)	—		(40,006		)	(7,944		)	(29		)	(47,979		)	(50,470		)	62,260		11,790		—	(4,083	)	(4,083	)
Fidelity VIP Overseas (Pinnacle Plus )	(14		)	210			(501		)	(305		)	—		(1,350		)	—			(9		)	(1,359		)	(1,664		)	4,446		2,782		—	(159	)	(159	)
Non-Affiliated Service Class:
Fidelity VIP Growth (Pinnacle )	(4,730		)	64,708			(64,902		)	(4,924		)	—		(64,329		)	—			(184		)	(64,513		)	(69,437		)	393,858		324,421		4	(4,383	)	(4,379	)
Fidelity VIP III Mid Cap (Grandmaster )	(13,093		)	80,170			69,285			136,362			—		(204,593		)	—			(280		)	(204,873		)	(68,511		)	1,500,954		1,432,443		—	(4,027	)	(4,027	)
Fidelity VIP III Mid Cap (Pinnacle )	(18,614		)	168,370			44,429			194,185			—		(288,357		)	(27,147		)	(358		)	(315,862		)	(121,677		)	2,050,801		1,929,124		20	(5,863	)	(5,843	)
Fidelity VIP III Mid Cap (Pinnacle II Reduced M&E )	(25		)	227			204			406			—		—			—			(9		)	(9		)	397			3,747		4,144		—	—		—
Non-Affiliated Service Class 2:										—														—			—					—					—
Fidelity VIP Asset Manager (IQ3 )	(199		)	4,228			(2,855		)	1,174			—		(11,159		)	(383		)	(70		)	(11,612		)	(10,438		)	100,735		90,297		18	(745	)	(727	)
Fidelity VIP Asset Manager (AdvantEdge )	(285		)	5,358			(3,859		)	1,214			—		—			1,332			(655		)	677			1,891			97,110		99,001		232	(174	)	58
Fidelity VIP Asset Manager (AnnuiChoice II )	209			8,845			(6,420		)	2,634			—		(7,792		)	220			(373		)	(7,945		)	(5,311		)	170,456		165,145		102	(635	)	(533	)
Fidelity VIP Asset Manager (AnnuiChoice )	143			4,406			(3,731		)	818			—		(7,129		)	298			(38		)	(6,869		)	(6,051		)	60,731		54,680		20	(418	)	(398	)
Fidelity VIP Asset Manager (GrandMaster flex3 )	(34		)	493			(299		)	160			—		(238		)	—			(2		)	(240		)	(80		)	13,257		13,177		1	(16	)	(15	)
Fidelity VIP Asset Manager (Pinnacle )	(26		)	857			(419		)	412			—		(2,156		)	9			(75		)	(2,222		)	(1,810		)	30,079		28,269		1	(141	)	(140	)
Fidelity VIP Asset Manager (Pinnacle IV )	(708		)	(2,375		)	4,413			1,330			—		(77,324		)	—			(152		)	(77,476		)	(76,146		)	230,873		154,727		—	(4,999	)	(4,999	)
Fidelity VIP Asset Manager (Pinnacle Plus Reduced M&E )	74			283			1,085			1,442			—		(9,456		)	25,567			(28		)	16,083			17,525			31,981		49,506		2,024	(725	)	1,299
Fidelity VIP Asset Manager (Pinnacle Plus )	(199		)	(2,302		)	2,059			(442		)	—		(1,097		)	(25,567		)	(6		)	(26,670		)	(27,112		)	48,568		21,456		—	(1,716	)	(1,716	)
Fidelity VIP Asset Manager (Pinnacle V )	(411		)	3,337			1,382			4,308			97,292		(11,304		)	(16,883		)	(1,324		)	67,781			72,089			256,403		328,492		8,689	(3,476	)	5,213
Fidelity VIP Balanced (AdvantEdge )	(3,298		)	7,380			18,354			22,436			—		(94,292		)	(94,973		)	(3,271		)	(192,536		)	(170,100		)	504,040		333,940		388	(13,280	)	(12,892	)
Fidelity VIP Balanced (AnnuiChoice II )	3,336			26,995			39,915			70,246			77,961		(18,141		)	386,359			(245		)	445,934			516,180			923,606		1,439,786		28,534	(1,446	)	27,088
Fidelity VIP Balanced (AnnuiChoice )	583			7,435			8,201			16,219			—		(2,473		)	7			(124		)	(2,590		)	13,629			275,784		289,413		1	(128	)	(127	)
Fidelity VIP Balanced (GrandMaster flex3 )	(648		)	2,429			3,391			5,172			2,403		(36,828		)	695			(76		)	(33,806		)	(28,634		)	113,340		84,706		177	(1,871	)	(1,694	)
Fidelity VIP Balanced (Grandmaster )	(609		)	887			39,193			39,471			564		(18,164		)	148,860			(182		)	131,078			170,549			431,639		602,188		12,049	(4,348	)	7,701
Fidelity VIP Balanced (IQ3 )	(542		)	6,966			6,811			13,235			375		(31,591		)	51,895			(147		)	20,532			33,767			184,470		218,237		3,121	(1,827	)	1,294
Fidelity VIP Balanced (Pinnacle )	(596		)	10,016			6,298			15,718			396		(26,616		)	(6,634		)	(162		)	(33,016		)	(17,298		)	318,128		300,830		101	(1,934	)	(1,833	)
Fidelity VIP Balanced (Pinnacle IV )	(1,985		)	37,661			14,445			50,121			—		(192,280		)	24,521			(578		)	(168,337		)	(118,216		)	982,143		863,927		10,005	(18,274	)	(8,269	)
Fidelity VIP Balanced (Pinnacle Plus Reduced M&E )	(23		)	3,620			12,079			15,676			—		(19,718		)	20,208			(124		)	366			16,042			233,137		249,179		2,369	(2,199	)	170
Fidelity VIP Balanced (Pinnacle Plus )	(1,148		)	(3,259		)	11,681			7,274			—		(41,084		)	(23,558		)	(142		)	(64,784		)	(57,510		)	247,941		190,431		1,178	(4,926	)	(3,748	)
Fidelity VIP Balanced (Pinnacle V )	(3,427		)	30,700			45,506			72,779			58,309		(175,668		)	291,507			(2,393		)	171,755			244,534			1,361,096		1,605,630		24,909	(12,959	)	11,950
Fidelity VIP Contrafund (AdvantEdge )	(14,875		)	204,312			(106,846		)	82,591			6,458		(240,449		)	(83,297		)	(8,235		)	(325,523		)	(242,932		)	1,567,214		1,324,282		3,001	(24,676	)	(21,675	)
Fidelity VIP Contrafund (AnnuiChoice II )	(5,983		)	118,233			(34,199		)	78,051			39,334		(64,127		)	38,784			(3,565		)	10,426			88,477			1,107,600		1,196,077		6,114	(5,202	)	912
Fidelity VIP Contrafund (AnnuiChoice )	(3,096		)	110,348			(55,504		)	51,748			—		(30,635		)	(20,716		)	(390		)	(51,741		)	7			876,240		876,247		625	(2,685	)	(2,060	)
Fidelity VIP Contrafund (GrandMaster flex3 )	(6,711		)	144,908			(100,893		)	37,304			32,493		(90,044		)	(69,532		)	(621		)	(127,704		)	(90,400		)	862,270		771,870		5,956	(11,438	)	(5,482	)
Fidelity VIP Contrafund (IQ Advisor Standard )	5			1,020			(116		)	909			—		—			—			—			—			909			12,837		13,746		—	—		—
Fidelity VIP Contrafund (IQ3 )	(12,366		)	143,788			(43,557		)	87,865			1,682		(70,626		)	(16,739		)	(590		)	(86,273		)	1,592			1,524,600		1,526,192		762	(4,647	)	(3,885	)
Fidelity VIP Contrafund (Pinnacle IV )	(28,670		)	533,671			(357,130		)	147,871			83,809		(481,990		)	(434,965		)	(1,363		)	(834,509		)	(686,638		)	3,932,595		3,245,957		143	(34,230	)	(34,087	)
Fidelity VIP Contrafund (Pinnacle Plus Reduced M&E )	(3,625		)	25,838			18,640			40,853			3,175		(122,542		)	118,958			(467		)	(876		)	39,977			719,704		759,681		11,581	(11,957	)	(376	)
Fidelity VIP Contrafund (Pinnacle Plus )	(11,699		)	(699,580		)	197,968			(513,311		)	—		(285,473		)	(4,018,636		)	(521		)	(4,304,630		)	(4,817,941		)	5,517,468		699,527		2,034	(201,694	)	(199,660	)
Fidelity VIP Contrafund (Pinnacle V )	(69,887		)	894,742			(376,904		)	447,951			580,602		(719,554		)	(143,569		)	(27,478		)	(309,999		)	137,952			7,468,212		7,606,164		39,487	(60,220	)	(20,733	)
Fidelity VIP Disciplined Small Cap (AnnuiChoice II )	(825		)	6,954			42,645			48,774			31,961		(322		)	133,143			(171		)	164,611			213,385			88,830		302,215		11,930	(154	)	11,776
Fidelity VIP Disciplined Small Cap (AnnuiChoice )	(177		)	2,513			4,768			7,104			—		—			—			(2		)	(2		)	7,102			33,694		40,796		—	—		—
Fidelity VIP Disciplined Small Cap (GrandMaster )	(107		)	1,373			1,141			2,407			—		(893		)	1			—			(892		)	1,515			12,487		14,002		2	(68	)	(66	)
Fidelity VIP Disciplined Small Cap (IQ Annuity )	(710		)	6,083			9,105			14,478			—		(3,932		)	—			(15		)	(3,947		)	10,531			72,679		83,210		—	(274	)	(274	)
Fidelity VIP Disciplined Small Cap (Pinnacle )	(948		)	7,204			14,439			20,695			—		(8,298		)	(8		)	(26		)	(8,332		)	12,363			106,950		119,313		31	(631	)	(600	)
Fidelity VIP Disciplined Small Cap (Pinnacle IV )	(511		)	9,254			(922		)	7,821			—		(33,852		)	2,303			(6		)	(31,555		)	(23,734		)	72,496		48,762		175	(2,580	)	(2,405	)
See accompanying notes.
* - 2016 inception date of subaccount.

33

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Disciplined Small Cap (Pinnacle Plus Reduced M&E )	$	(15	)	$	(310	)	$	470		$	145		$	—	$	(89	)	$	(2,265	)	$	(3	)	$	(2,357	)	$	(2,212	)	$	4,608	$	2,396	—	(152	)	(152	)
Fidelity VIP Disciplined Small Cap (Pinnacle Plus )	(888		)	1,031			7,257			7,400			—		(32,200		)	(3,875		)	(47		)	(36,122		)	(28,722		)	74,344		45,622		76	(2,861	)	(2,785	)
Fidelity VIP Disciplined Small Cap (Pinnacle V )	(1,146		)	8,952			43,999			51,805			223,533		(2,378		)	5,355			(1,035		)	225,475			277,280			120,102		397,382		16,948	(1,163	)	15,785
Fidelity VIP Equity-Income (AnnuiChoice II )	5,147			61,768			9,956			76,871			—		(153,853		)	28,211			(61		)	(125,703		)	(48,832		)	443,983		395,151		2,096	(9,892	)	(7,796	)
Fidelity VIP Equity-Income (AdvantEdge )	791			8,661			14,270			23,722			—		(7,452		)	(7,088		)	(1,126		)	(15,666		)	8,056			155,424		163,480		573	(1,700	)	(1,127	)
Fidelity VIP Equity-Income (AnnuiChoice )	4,594			19,413			40,255			64,262			—		(11,035		)	105,986			(257		)	94,694			158,956			249,700		408,656		6,370	(654	)	5,716
Fidelity VIP Equity-Income (GrandMaster flex3 )	651			17,065			4,676			22,392			—		(25,044		)	10,680			(57		)	(14,421		)	7,971			136,111		144,082		697	(1,373	)	(676	)
Fidelity VIP Equity-Income (IQ3 )	2,638			39,614			15,958			58,210			1,302		(25,287		)	(4,695		)	(105		)	(28,785		)	29,425			383,937		413,362		93	(1,855	)	(1,762	)
Fidelity VIP Equity-Income (Pinnacle IV )	12,216			55,987			237,094			305,297			2,019		(223,829		)	948,016			(561		)	725,645			1,030,942			712,716		1,743,658		57,988	(12,791	)	45,197
Fidelity VIP Equity-Income (Pinnacle Plus Reduced M&E )	6,139			8,675			66,238			81,052			—		(97,407		)	242,751			(381		)	144,963			226,015			371,009		597,024		15,108	(6,237	)	8,871
Fidelity VIP Equity-Income (Pinnacle Plus )	2,011			(4,771		)	118,128			115,368			—		(45,589		)	129,496			(375		)	83,532			198,900			425,544		624,444		20,583	(14,138	)	6,445
Fidelity VIP Equity-Income (Pinnacle V )	6,652			89,161			107,452			203,265			21,099		(190,298		)	143,166			(2,316		)	(28,349		)	174,916			1,134,726		1,309,642		17,726	(18,154	)	(428	)
Fidelity VIP Freedom 2010 (Advantedge )	(10		)	63			44			97			—		—			3			(62		)	(59		)	38			2,809		2,847		1	(6	)	(5	)
Fidelity VIP Freedom 2010 (AnnuiChoice II )	(300		)	511			1,722			1,933			—		(65,654		)	—			(48		)	(65,702		)	(63,769		)	93,107		29,338		—	(5,104	)	(5,104	)
Fidelity VIP Freedom 2010 (GrandMaster flex3 )	(21		)	221			77			277			—		—			—			—			—			277			7,677		7,954		—	—		—
Fidelity VIP Freedom 2010 (GrandMaster )	(12		)	360			101			449			—		(488		)	57			(22		)	(453		)	(4		)	11,881		11,877		3	(38	)	(35	)
Fidelity VIP Freedom 2010 (Pinnacle )	(63		)	2,435			1,355			3,727			—		—			—			—			—			3,727			97,818		101,545		—	—		—
Fidelity VIP Freedom 2010 (Pinnacle IV )	(432		)	8,171			(2,919		)	4,820			—		(51,804		)	73			(65		)	(51,796		)	(46,976		)	202,652		155,676		3	(4,246	)	(4,243	)
Fidelity VIP Freedom 2010 (Pinnacle Plus )	(19		)	112			79			172			—		—			—			(7		)	(7		)	165			4,941		5,106		—	(1	)	(1	)
Fidelity VIP Freedom 2010 (Pinnacle V )	(3,203		)	46,352			(24,134		)	19,015			57,644		(290,484		)	36			(1,632		)	(234,436		)	(215,421		)	611,598		396,177		4,755	(23,563	)	(18,808	)
Fidelity VIP Freedom 2015 (AdvantEdge )	(391		)	3,863			1,313			4,785			—		—			(2		)	(62		)	(64		)	4,721			123,008		127,729		1	(6	)	(5	)
Fidelity VIP Freedom 2015 (AnnuiChoice II )	13			247			112			372			—		—			—			—			—			372			8,529		8,901		—	—		—
Fidelity VIP Freedom 2015 (GrandMaster flex3 )	(21		)	220			104			303			—		—			—			—			—			303			7,700		8,003		—	—		—
Fidelity VIP Freedom 2015 (Pinnacle IV )	(64		)	1,116			427			1,479			—		(615		)	—			(30		)	(645		)	834			36,643		37,477		1	(53	)	(52	)
Fidelity VIP Freedom 2015 (Pinnacle Plus Reduced M&E )	(89		)	230			1,490			1,631			—		(24,374		)	19,457			(12		)	(4,929		)	(3,298		)	17,662		14,364		2,001	(2,305	)	(304	)
Fidelity VIP Freedom 2015 (Pinnacle Plus )	(198		)	4,757			(3,573		)	986			2,751		(2,251		)	(19,457		)	(58		)	(19,015		)	(18,029		)	49,992		31,963		226	(1,814	)	(1,588	)
Fidelity VIP Freedom 2015 (Pinnacle V )	(3,149		)	70,143			(47,784		)	19,210			57,644		(272,518		)	1,486			(1,044		)	(214,432		)	(195,222		)	609,517		414,295		4,954	(22,365	)	(17,411	)
Fidelity VIP Freedom 2020 (AdvantEdge )	(1		)	16			4			19			—		—			(1		)	(13		)	(14		)	5			448		453		—	(1	)	(1	)
Fidelity VIP Freedom 2020 (AnnuiChoice II )	214			728			424			1,366			—		—			28,374			(22		)	28,352			29,718			21,662		51,380		2,211	(2	)	2,209
Fidelity VIP Freedom 2020 (GrandMaster )	(4		)	349			138			483			435		—			—			(9		)	426			909			10,400		11,309		37	(1	)	36
Fidelity VIP Freedom 2020 (Pinnacle IV )	7			92			(97		)	2			—		—			—			(30		)	(30		)	(28		)	3,351		3,323		—	(14	)	(14	)
Fidelity VIP Freedom 2020 (Pinnacle V )	(456		)	20,668			5,394			25,606			25,000		(30,774		)	146,326			(2,623		)	137,929			163,535			345,945		509,480		14,804	(2,746	)	12,058
Fidelity VIP Freedom 2025 (Advantedge )	—			16			3			19			—		—			(1		)	(13		)	(14		)	5			451		456		—	(1	)	(1	)
Fidelity VIP Freedom 2025 (Pinnacle IV )	(12		)	270			84			342			—		—			—			(10		)	(10		)	332			7,707		8,039		1	(1	)	—
Fidelity VIP Freedom 2025 (Pinnacle V )	498			15,742			6,012			22,252			260,000		—			1,771			(4,600		)	257,171			279,423			495,735		775,158		20,455	(378	)	20,077
Fidelity VIP Freedom 2030 (AnnuiChoice II )	180			329			5,123			5,632			56,716		(244		)	—			(7		)	56,465			62,097			8,874		70,971		4,718	(20	)	4,698
Fidelity VIP Freedom 2030 (Pinnacle IV )	(7		)	127			28			148			—		—			—			(16		)	(16		)	132			3,066		3,198		—	(1	)	(1	)
Fidelity VIP Freedom 2030 (Pinnacle Plus )	(4,350		)	36,457			10,454			42,561			—		(28,048		)	—			(40		)	(28,088		)	14,473			957,642		972,115		—	(2,372	)	(2,372	)
Fidelity VIP Freedom 2030 (Pinnacle V )	(552		)	7,085			1,512			8,045			—		(246		)	—			(43		)	(289		)	7,756			170,376		178,132		—	(24	)	(24	)
Fidelity VIP Growth (AnnuiChoice II )	(7,366		)	94,256			(88,269		)	(1,379		)	40,228		(74,064		)	65,279			(490		)	30,953			29,574			621,656		651,230		5,770	(3,963	)	1,807
Fidelity VIP Growth (GrandMaster )	(13,151		)	135,626			(75,713		)	46,762			3,350		(132,442		)	473,344			(335		)	343,917			390,679			610,138		1,000,817		43,253	(18,624	)	24,629
Fidelity VIP Growth (AdvantEdge )	(1,298		)	10,510			(10,214		)	(1,002		)	—		(5,723		)	—			(78		)	(5,801		)	(6,803		)	86,103		79,300		1	(398	)	(397	)
Fidelity VIP Growth (AnnuiChoice )	(1,415		)	10,764			(3,484		)	5,865			—		(7,425		)	59,093			(92		)	51,576			57,441			92,155		149,596		3,638	(441	)	3,197
Fidelity VIP Growth (GrandMaster flex3 )	(1,122		)	7,668			(6,579		)	(33		)	—		(1,192		)	6,334			(94		)	5,048			5,015			68,613		73,628		359	(75	)	284
Fidelity VIP Growth (IQ3 )	(1,831		)	23,308			(22,693		)	(1,216		)	—		(19,812		)	986			(96		)	(18,922		)	(20,138		)	136,084		115,946		86	(1,504	)	(1,418	)
Fidelity VIP Growth (Pinnacle )	(1,330		)	3,423			(9,611		)	(7,518		)	—		(4,043		)	(87,914		)	(17		)	(91,974		)	(99,492		)	180,003		80,511		407	(6,510	)	(6,103	)
Fidelity VIP Growth (Pinnacle IV )	(13,592		)	165,341			(100,780		)	50,969			43,021		(246,687		)	538,195			(311		)	334,218			385,187			508,345		893,532		34,169	(12,717	)	21,452
Fidelity VIP Growth (Pinnacle Plus Reduced M&E )	(831		)	689			3,271			3,129			—		(12,162		)	107,993			(16		)	95,815			98,944			10,501		109,445		5,918	(641	)	5,277
Fidelity VIP Growth (Pinnacle Plus )	(6,518		)	35,128			(15,581		)	13,029			—		(23,585		)	71,742			(133		)	48,024			61,053			307,545		368,598		9,397	(6,196	)	3,201
Fidelity VIP Growth (Pinnacle V )	(8,521		)	85,307			(64,458		)	12,328			47,152		(105,692		)	158,045			(2,322		)	97,183			109,511			447,736		557,247		14,430	(7,108	)	7,322
Fidelity VIP High Income (AdvantEdge )	22,682			43,343			8,243			74,268			—		(38,777		)	523,806			(163		)	484,866			559,134			42,817		601,951		79,561	(42,836	)	36,725
Fidelity VIP High Income (AnnuiChoice II )	5,429			(468		)	10,933			15,894			390		(1,508		)	2,886			(131		)	1,637			17,531			118,443		135,974		389	(247	)	142
Fidelity VIP High Income (AnnuiChoice )	9,058			(281		)	16,461			25,238			—		(1,279		)	(197		)	(182		)	(1,658		)	23,580			194,900		218,480		—	(78	)	(78	)
Fidelity VIP High Income (GrandMaster flex3 )	51,127			102,526			10,822			164,475			—		(41,318		)	1,170,728			(5		)	1,129,405			1,293,880			44,241		1,338,121		133,289	(69,391	)	63,898
Fidelity VIP High Income (IQ3 )	203,636			461,358			46,855			711,849			48,079		(675,083		)	5,006,052			(1,079		)	4,377,969			5,089,818			229,647		5,319,465		622,023	(343,652	)	278,371
Fidelity VIP High Income (Pinnacle )	959			(38		)	2,067			2,988			—		(2,143		)	—			(2		)	(2,145		)	843			24,687		25,530		1	(127	)	(126	)
See accompanying notes.
* - 2016 inception date of subaccount.

34

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Service Class 2 (continued):
Fidelity VIP High Income (Pinnacle IV )	$	9,877		$	(10,438	)	$	35,849		$	35,288		$	—	$	(59,647	)	$	92,127		$	(86	)	$	32,394		$	67,682		$	203,131	$	270,813	11,252	(9,186	)	2,066
Fidelity VIP High Income (Pinnacle Plus Reduced M&E )	1,518			(371		)	3,400			4,547			3,997		(6,703		)	(69		)	(19		)	(2,794		)	1,753			36,554		38,307		322	(549	)	(227	)
Fidelity VIP High Income (Pinnacle Plus )	2,756			(6,266		)	14,290			10,780			—		(38,355		)	(439		)	(120		)	(38,914		)	(28,134		)	113,699		85,565		2	(2,279	)	(2,277	)
Fidelity VIP High Income (Pinnacle V )	11,799			(8,233		)	34,710			38,276			65,977		(92,340		)	(6,421		)	(486		)	(33,270		)	5,006			325,023		330,029		4,821	(7,292	)	(2,471	)
Fidelity VIP II Index 500 (Pinnacle )	20			20,235			37,773			58,028			7,100		(33,301		)	(8,477		)	(667		)	(35,345		)	22,683			611,646		634,329		1,415	(3,890	)	(2,475	)
Fidelity VIP II Index 500 (Pinnacle IV )	(3,376		)	157,556			29,699			183,879			52,313		(221,317		)	(365,928		)	(630		)	(535,562		)	(351,683		)	2,624,319		2,272,636		4,878	(44,220	)	(39,342	)
Fidelity VIP II Index 500 (Pinnacle V )	3,394			209,530			529,794			742,718			1,635,942		(407,512		)	639,201			(32,315		)	1,835,316			2,578,034			6,416,578		8,994,612		208,571	(80,037	)	128,534
Fidelity VIP Index 500 (AdvantEdge )	2,503			20,734			81,022			104,259			2,768		(41,190		)	429,650			(4,246		)	386,982			491,241			908,104		1,399,345		28,737	(5,005	)	23,732
Fidelity VIP Index 500 (AnnuiChoice II )	12,414			42,844			241,313			296,571			536,037		(70,894		)	374,176			(5,832		)	833,487			1,130,058			2,334,259		3,464,317		61,642	(6,220	)	55,422
Fidelity VIP Index 500 (AnnuiChoice )	1,056			37,865			1,486			40,407			—		(45,592		)	(47,752		)	(194		)	(93,538		)	(53,131		)	464,974		411,843		—	(4,967	)	(4,967	)
Fidelity VIP Index 500 (Grandmaster flex3 )	(755		)	12,863			21,990			34,098			—		(12,880		)	(6,197		)	(271		)	(19,348		)	14,750			361,997		376,747		11	(1,366	)	(1,355	)
Fidelity VIP Index 500 (Grandmaster )	(2,307		)	190,278			(50,028		)	137,943			4,090		(315,378		)	(532,250		)	(699		)	(844,237		)	(706,294		)	2,496,168		1,789,874		179	(61,030	)	(60,851	)
Fidelity VIP Index 500 (IQ3 )	(594		)	11,877			43,523			54,806			1,001		(29,082		)	(32,926		)	(205		)	(61,212		)	(6,406		)	613,722		607,316		68	(3,925	)	(3,857	)
Fidelity VIP Index 500 (Pinnacle Plus Reduced M&E )	2,694			10,292			55,184			68,170			—		(59,906		)	220,979			(205		)	160,868			229,038			601,700		830,738		12,381	(3,899	)	8,482
Fidelity VIP Index 500 (Pinnacle Plus )	(3,122		)	63,629			(29,914		)	30,593			—		(76,077		)	601,101			(368		)	524,656			555,249			768,500		1,323,749		42,868	(21,485	)	21,383
Fidelity VIP Investment Grade Bond (AdvantEdge )	4,958			(5,378		)	22,738			22,318			5,536		(250,302		)	272,828			(4,996		)	23,066			45,384			743,247		788,631		23,953	(22,006	)	1,947
Fidelity VIP Investment Grade Bond (AnnuiChoice II )	20,871			(1,048		)	10,959			30,782			454,142		(18,096		)	114,256			(6,704		)	543,598			574,380			1,052,114		1,626,494		42,612	(3,122	)	39,490
Fidelity VIP Investment Grade Bond (AnnuiChoice )	1,991			51			3,316			5,358			—		(291		)	(82		)	(15		)	(388		)	4,970			156,156		161,126		—	(23	)	(23	)
Fidelity VIP Investment Grade Bond (GrandMaster flex3 )	185			(832		)	2,047			1,400			—		(301		)	(5,679		)	(116		)	(6,096		)	(4,696		)	61,708		57,012		1,510	(1,981	)	(471	)
Fidelity VIP Investment Grade Bond (GrandMaster )	3,469			(1,216		)	12,625			14,878			4,740		(61,452		)	37,736			(78		)	(19,054		)	(4,176		)	425,948		421,772		4,387	(5,710	)	(1,323	)
Fidelity VIP Investment Grade Bond (IQ3 )	1,893			(2,415		)	8,329			7,807			—		(47,935		)	1,495			(177		)	(46,617		)	(38,810		)	278,850		240,040		294	(3,210	)	(2,916	)
Fidelity VIP Investment Grade Bond (Pinnacle )	743			(1,121		)	4,530			4,152			—		(38,360		)	(2,455		)	(85		)	(40,900		)	(36,748		)	138,079		101,331		3,117	(6,030	)	(2,913	)
Fidelity VIP Investment Grade Bond (Pinnacle IV )	2,530			(8,249		)	22,874			17,155			11,739		(188,689		)	(7,702		)	(188		)	(184,840		)	(167,685		)	601,322		433,637		451	(13,806	)	(13,355	)
Fidelity VIP Investment Grade Bond (Pinnacle II Reduced M&E )	196			5			355			556			—		—			—			—			—			556			16,720		17,276		—	—		—
Fidelity VIP Investment Grade Bond (Pinnacle Plus Reduced M&E )	757			136			1,544			2,437			—		(3,795		)	(7,144		)	(101		)	(11,040		)	(8,603		)	80,626		72,023		—	(1,011	)	(1,011	)
Fidelity VIP Investment Grade Bond (Pinnacle Plus )	(7,297		)	(143,571		)	166,316			15,448			—		(151,048		)	(4,260,721		)	(74		)	(4,411,843		)	(4,396,395		)	4,442,330		45,935		40	(336,244	)	(336,204	)
Fidelity VIP Investment Grade Bond (Pinnacle V )	62,915			4,370			165,618			232,903			1,440,054		(792,918		)	102,389			(49,896		)	699,629			932,532			8,164,932		9,097,464		123,625	(69,102	)	54,523
Fidelity VIP Mid Cap (AdvantEdge )	(6,857		)	21,316			30,386			44,845			1,845		(211,916		)	(54,660		)	(2,487		)	(267,218		)	(222,373		)	632,106		409,733		1,248	(18,736	)	(17,488	)
Fidelity VIP Mid Cap (AnnuiChoice II )	(6,418		)	42,031			45,975			81,588			6,881		(29,666		)	52,721			(261		)	29,675			111,263			770,051		881,314		4,191	(2,642	)	1,549
Fidelity VIP Mid Cap (AnnuiChoice )	(1,929		)	17,322			14,614			30,007			—		(3,509		)	15			(216		)	(3,710		)	26,297			279,591		305,888		—	(106	)	(106	)
Fidelity VIP Mid Cap (GrandMaster flex3 )	(3,324		)	31,257			(1,542		)	26,391			180		(19,286		)	(4,091		)	(101		)	(23,298		)	3,093			270,776		273,869		79	(817	)	(738	)
Fidelity VIP Mid Cap (Grandmaster )	(4,407		)	26,780			19,618			41,991			880		(37,597		)	21,201			(96		)	(15,612		)	26,379			437,558		463,937		852	(1,537	)	(685	)
Fidelity VIP Mid Cap (IQ Annuity )	(10,553		)	65,378			37,987			92,812			480		(33,041		)	(6,682		)	(186		)	(39,429		)	53,383			916,786		970,169		425	(1,644	)	(1,219	)
Fidelity VIP Mid Cap (Pinnacle )	(3,976		)	24,508			20,072			40,604			925		(30,439		)	60,023			(149		)	30,360			70,964			371,672		442,636		5,359	(3,389	)	1,970
Fidelity VIP Mid Cap (Pinnacle IV )	(10,395		)	55,110			40,447			85,162			19,439		(234,294		)	(6,809		)	(633		)	(222,297		)	(137,135		)	992,131		854,996		609	(7,595	)	(6,986	)
Fidelity VIP Mid Cap (Pinnacle Plus Reduced M&E )	(4,618		)	12,370			44,796			52,548			—		(127,774		)	23,439			(534		)	(104,869		)	(52,321		)	564,062		511,741		3,162	(10,322	)	(7,160	)
Fidelity VIP Mid Cap (Pinnacle Plus )	(5,477		)	14,322			27,930			36,775			—		(41,699		)	(40,035		)	(268		)	(82,002		)	(45,227		)	425,709		380,482		295	(2,975	)	(2,680	)
Fidelity VIP Mid Cap (Pinnacle V )	(22,365		)	101,118			98,042			176,795			108,847		(293,661		)	(37,315		)	(4,543		)	(226,672		)	(49,877		)	1,811,917		1,762,040		7,648	(22,397	)	(14,749	)
Fidelity VIP Overseas (AdvantEdge )	(637		)	4,110			(25,207		)	(21,734		)	5,384		(26,067		)	24,640			(2,067		)	1,890			(19,844		)	341,772		321,928		4,349	(3,966	)	383
Fidelity VIP Overseas (AnnuiChoice II )	346			2,944			(20,233		)	(16,943		)	—		(2,594		)	14,914			(542		)	11,778			(5,165		)	272,468		267,303		1,559	(408	)	1,151
Fidelity VIP Overseas (AnnuiChoice )	(186		)	8,844			(18,124		)	(9,466		)	—		(2,566		)	(25,086		)	(110		)	(27,762		)	(37,228		)	157,546		120,318		2,612	(4,318	)	(1,706	)
Fidelity VIP Overseas (GrandMaster flex3 )	(350		)	6,399			(12,713		)	(6,664		)	—		(18,396		)	18,126			(108		)	(378		)	(7,042		)	114,885		107,843		1,559	(1,509	)	50
Fidelity VIP Overseas (GrandMaster )	615			(11,817		)	19,925			8,723			2,700		(83,700		)	417,722			(199		)	336,523			345,246			163,395		508,641		52,490	(11,475	)	41,015
Fidelity VIP Overseas (IQ3 )	(859		)	16,938			(40,635		)	(24,556		)	1,541		(23,359		)	(5,926		)	(113		)	(27,857		)	(52,413		)	372,046		319,633		1,214	(3,508	)	(2,294	)
Fidelity VIP Overseas (Pinnacle )	(394		)	(4,184		)	(19,013		)	(23,591		)	2,100		(9,128		)	(57,004		)	(86		)	(64,118		)	(87,709		)	353,895		266,186		250	(4,770	)	(4,520	)
Fidelity VIP Overseas (Pinnacle IV )	(1,129		)	(20,849		)	8,116			(13,862		)	4,586		(91,329		)	340,198			(232		)	253,223			239,361			432,759		672,120		29,059	(10,044	)	19,015
Fidelity VIP Overseas (Pinnacle Plus Reduced M&E )	251			(1,248		)	(5,377		)	(6,374		)	—		(15,996		)	48,106			(67		)	32,043			25,669			75,530		101,199		5,633	(2,925	)	2,708
Fidelity VIP Overseas (Pinnacle Plus )	(966		)	(5,371		)	(1,948		)	(8,285		)	—		(13,619		)	(11,367		)	(155		)	(25,141		)	(33,426		)	172,717		139,291		3,765	(5,038	)	(1,273	)
Fidelity VIP Overseas (Pinnacle V )	(2,768		)	24,285			(82,001		)	(60,484		)	106,619		(88,032		)	8,491			(1,886		)	25,192			(35,292		)	853,791		818,499		18,007	(15,353	)	2,654
Fidelity VIP Target Volatility (AnnuiChoice II )	48			72			530			650			9,750		—			(86		)	(103		)	9,561			10,211			7,838		18,049		927	(18	)	909
Fidelity VIP Target Volatility (GrandMaster )	13			40			236			289			—		(322		)	7,690			—			7,368			7,657			—		7,657		737	(30	)	707
Fidelity VIP Target Volatility (Pinnacle V )	(1,686		)	(176		)	16,930			15,068			200,384		(87,265		)	(1,158		)	(2,536		)	109,425			124,493			230,546		355,039		19,680	(8,849	)	10,831
Non-Affiliated Class 1:
Columbia VIT Mid Cap Value (Advantedge )	(594		)	144			7,677			7,227			—		(4,963		)	61,961			(33		)	56,965			64,192			26,611		90,803		4,458	(459	)	3,999
Columbia VIT Mid Cap Value (AnnuiChoice II )	(3,879		)	(22		)	48,128			44,227			24,288		(1,622		)	24,555			(33		)	47,188			91,415			315,105		406,520		3,379	(118	)	3,261
Columbia VIT Mid Cap Value (Annuichoice )	(55		)	15			739			699			—		—			—			(7		)	(7		)	692			5,367		6,059		—	(1	)	(1	)
See accompanying notes.
* - 2016 inception date of subaccount.

35

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Class 1 (continued):
Columbia VIT Mid Cap Value (Grandmaster flex3 )	$	(1,476	)	$	14,148		$	(4,614	)	$	8,058		$	—	$	(1,449	)	$	15,414		$	(146	)	$	13,819		$	21,877		$	164,897	$	186,774	8,282	(8,186	)	96
Columbia VIT Mid Cap Value (Grandmaster )	(11		)	(2		)	119			106			—		—			—			(5		)	(5		)	101			855		956		—	—		—
Columbia VIT Mid Cap Value (Pinnacle )	(477		)	81			4,687			4,291			—		—			(423		)	(3		)	(426		)	3,865			34,302		38,167		—	(30	)	(30	)
Columbia VIT Mid Cap Value (Pinnacle IV )	(579		)	396			4,104			3,921			—		(7,323		)	53,614			(10		)	46,281			50,202			42,308		92,510		3,458	(534	)	2,924
Columbia VIT Mid Cap Value (Pinnacle Plus Reduced M&E )	(301		)	(356		)	2,883			2,226			—		(13,963		)	16,289			(5		)	2,321			4,547			28,004		32,551		1,034	(973	)	61
Columbia VIT Mid Cap Value (Pinnacle Plus )	(2,315		)	2,513			15,639			15,837			—		(3,991		)	(34,937		)	(149		)	(39,077		)	(23,240		)	158,426		135,186		149	(2,960	)	(2,811	)
Columbia VIT Mid Cap Value (Pinnacle V )	(3,509		)	5,914			24,498			26,903			50,377		(9,268		)	(43,227		)	(564		)	(2,682		)	24,221			212,680		236,901		4,892	(5,030	)	(138	)
Franklin Growth and Income VIP Fund (Pinnacle )	27,574			102,318			50,211			180,103			—		(334,171		)	(1,977		)	(748		)	(336,896		)	(156,793		)	2,025,713		1,868,920		1	(16,036	)	(16,035	)
Franklin Growth and Income VIP Fund (Pinnacle II Reduced M&E )	134			615			71			820			—		—			—			(7		)	(7		)	813			7,721		8,534		—	—		—
Franklin Income VIP Fund (Pinnacle )	143,905			116,197			211,188			471,290			191,854		(646,057		)	(136,149		)	(1,162		)	(591,514		)	(120,224		)	4,056,388		3,936,164		2,640	(28,894	)	(26,254	)
Franklin Income VIP Fund (Pinnacle II Reduced M&E )	10,306			(64		)	22,264			32,506			—		—			—			(37		)	(37		)	32,469			248,605		281,074		1	(2	)	(1	)
JP Morgan IT Mid Cap Value (AnnuiChoice )	(2		)	113			153			264			—		—			—			(5		)	(5		)	259			1,952		2,211		—	—		—
JP Morgan IT Mid Cap Value (GrandMaster flex3 )	(674		)	8,682			3,843			11,851			—		(4,652		)	—			(13		)	(4,665		)	7,186			93,745		100,931		—	(162	)	(162	)
JP Morgan IT Mid Cap Value (Grandmaster )	(393		)	6,679			3,277			9,563			—		(3,540		)	—			—			(3,540		)	6,023			74,888		80,911		1	(125	)	(124	)
JP Morgan IT Mid Cap Value (IQ3 )	(364		)	3,743			4,185			7,564			—		(120		)	—			(33		)	(153		)	7,411			58,103		65,514		—	(5	)	(5	)
JP Morgan IT Mid Cap Value (Pinnacle )	(472		)	6,321			5,986			11,835			—		(1,194		)	—			(15		)	(1,209		)	10,626			90,782		101,408		—	(43	)	(43	)
JP Morgan IT Mid Cap Value (Pinnacle IV )	(2,519		)	170,150			(107,944		)	59,687			—		(234,272		)	—			(175		)	(234,447		)	(174,760		)	575,198		400,438		10	(8,171	)	(8,161	)
JP Morgan IT Mid Cap Value (Pinnacle Plus Reduced M&E )	(637		)	10,601			17,795			27,759			—		(28,018		)	(1,401		)	(178		)	(29,597		)	(1,838		)	230,438		228,600		240	(1,792	)	(1,552	)
JP Morgan IT Mid Cap Value (Pinnacle Plus )	(6		)	(641		)	285			(362		)	—		—			(4,106		)	—			(4,106		)	(4,468		)	4,468		—		—	(167	)	(167	)
Morgan Stanley UIF Emerging Markets Debt (GrandMaster flex3 )	389			433			165			987			—		(5,722		)	—			(2		)	(5,724		)	(4,737		)	9,400		4,663		1	(223	)	(222	)
Morgan Stanley UIF Emerging Markets Debt (IQ3 )	6			81			(36		)	51			—		(1,147		)	—			(4		)	(1,151		)	(1,100		)	1,336		236		—	(50	)	(50	)
Morgan Stanley UIF Emerging Markets Debt (Pinnacle )	5,205			(2,302		)	9,342			12,245			—		(33,203		)	(24,653		)	(53		)	(57,909		)	(45,664		)	142,631		96,967		—	(1,912	)	(1,912	)
Morgan Stanley UIF Emerging Markets Debt (Pinnacle IV )	2,611			1,861			1,602			6,074			—		(41,662		)	—			(23		)	(41,685		)	(35,611		)	58,600		22,989		—	(1,649	)	(1,649	)
Morgan Stanley UIF Emerging Markets Debt (Pinnacle II Reduced M&E )	659			(19		)	654			1,294			—		—			—			(6		)	(6		)	1,288			13,858		15,146		—	—		—
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice II )	8			31			229			268			—		(10		)	—			(9		)	(19		)	249			4,836		5,085		—	(2	)	(2	)
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice )	5			4			66			75			—		—			—			(2		)	(2		)	73			1,302		1,375		—	—		—
Morgan Stanley UIF U.S. Real Estate (GrandMaster flex3 )	(261		)	6,205			53			5,997			—		(13,188		)	—			(51		)	(13,239		)	(7,242		)	118,632		111,390		—	(397	)	(397	)
Morgan Stanley UIF U.S. Real Estate (IQ3 )	(114		)	2,657			1,199			3,742			—		(5,517		)	—			(50		)	(5,567		)	(1,825		)	74,749		72,924		—	(169	)	(169	)
Morgan Stanley UIF U.S. Real Estate (Pinnacle )	75			16,775			9,386			26,236			300		(48,485		)	(6,141		)	(150		)	(54,476		)	(28,240		)	468,279		440,039		1,357	(2,523	)	(1,166	)
Morgan Stanley UIF U.S. Real Estate (Pinnacle IV )	(822		)	105,091			(78,451		)	25,818			—		(190,966		)	(71,817		)	(169		)	(262,952		)	(237,134		)	776,697		539,563		—	(7,600	)	(7,600	)
Non-Affiliated Class 2:
American Funds Managed Risk Asset Allocation (AdvantEdge )	(189		)	2,050			1,739			3,600			—		—			—			—			—			3,600			64,766		68,366		—	—		—
American Funds Managed Risk Asset Allocation (AnnuiChoice )	(1		)	3			3			5			—		—			—			(2		)	(2		)	3			91		94		—	—		—
American Funds Managed Risk Asset Allocation (AnnuiChoice II )	132			2,853			3,690			6,675			13,000		(6,529		)	22,103			(171		)	28,403			35,078			97,863		132,941		3,307	(615	)	2,692
American Funds Managed Risk Asset Allocation (GrandMaster flex3 )	(13		)	99			173			259			—		(982		)	—			(8		)	(990		)	(731		)	5,472		4,741		1	(97	)	(96	)
American Funds Managed Risk Asset Allocation (Pinnacle )	1			330			737			1,068			—		(1,147		)	9,607			(12		)	8,448			9,516			604		10,120		993	(112	)	881
American Funds Managed Risk Asset Allocation (Pinnacle IV )	(24		)	818			1,559			2,353			—		(1,960		)	16,092			(54		)	14,078			16,431			12,900		29,331		1,656	(195	)	1,461
American Funds Managed Risk Asset Allocation (Pinnacle V )	(3,063		)	47,483			40,950			85,370			216,982		(97,006		)	(1,491		)	(6,185		)	112,300			197,670			1,360,316		1,557,986		21,931	(10,593	)	11,338
Columbia VIT Small Cap Value Class 2 (AdvantEdge )	(1,696		)	4,668			30,489			33,461			923		(54,887		)	(21,014		)	(393		)	(75,371		)	(41,910		)	165,171		123,261		186	(3,839	)	(3,653	)
Columbia VIT Small Cap Value Class 2 (AnnuiChoice II )	(1,551		)	21,174			50,308			69,931			102,002		(693		)	(10,121		)	(499		)	90,689			160,620			109,228		269,848		5,550	(725	)	4,825
Columbia VIT Small Cap Value Class 2 (Grandmaster flex3 )	(181		)	1,557			3,026			4,402			—		—			—			(2		)	(2		)	4,400			14,346		18,746		—	—		—
Columbia VIT Small Cap Value Class 2 (Grandmaster )	(421		)	4,345			7,953			11,877			—		—			(5,768		)	(4		)	(5,772		)	6,105			46,058		52,163		—	(316	)	(316	)
Columbia VIT Small Cap Value Class 2 (Pinnacle Plus )	(1,204		)	9,922			18,067			26,785			—		(3,828		)	4,432			(140		)	464			27,249			86,289		113,538		221	(185	)	36
Columbia VIT Small Cap Value Class 2 (Pinnacle )	(84		)	(657		)	3,329			2,588			—		(35		)	606			(8		)	563			3,151			11,612		14,763		285	(302	)	(17	)
Columbia VIT Small Cap Value Class 2 (Pinnacle IV )	(386		)	2,161			7,115			8,890			—		(7,393		)	35,742			—			28,349			37,239			36,759		73,998		1,378	(367	)	1,011
Columbia VIT Small Cap Value Class 2 (Pinnacle V )	(6,466		)	52,111			111,819			157,464			25,495		(50,365		)	(63,603		)	(2,734		)	(91,207		)	66,257			526,808		593,065		1,987	(5,740	)	(3,753	)
Franklin Growth and Income VIP Fund (AdvantEdge )	1,234			13,147			(2,966		)	11,415			—		(12,154		)	371			(525		)	(12,308		)	(893		)	130,048		129,155		194	(1,071	)	(877	)
Franklin Growth and Income VIP Fund (AnnuiChoice II )	5,457			45,218			(15,921		)	34,754			15,000		(49,590		)	(3,647		)	(242		)	(38,479		)	(3,725		)	355,007		351,282		1,219	(3,742	)	(2,523	)
Franklin Growth and Income VIP Fund (AnnuiChoice )	2,754			15,297			65			18,116			—		(6,151		)	10,444			(155		)	4,138			22,254			164,778		187,032		500	(287	)	213
Franklin Growth and Income VIP Fund (GrandMaster flex3 )	2,303			37,488			(19,512		)	20,279			3,227		(86,933		)	11,434			(178		)	(72,450		)	(52,171		)	259,836		207,665		676	(4,307	)	(3,631	)
Franklin Growth and Income VIP Fund (Grandmaster )	9,080			65,981			(5,336		)	69,725			2,775		(42,177		)	281			(82		)	(39,203		)	30,522			712,301		742,823		136	(2,018	)	(1,882	)
Franklin Growth and Income VIP Fund (IQ Annuity )	8,281			67,496			(7,047		)	68,730			—		(62,887		)	5,621			(336		)	(57,602		)	11,128			713,260		724,388		501	(3,269	)	(2,768	)
Franklin Growth and Income VIP Fund (Pinnacle )	9,086			71,325			(1,802		)	78,609			70,274		(99,751		)	73,492			(273		)	43,742			122,351			709,567		831,918		7,146	(3,451	)	3,695
Franklin Growth and Income VIP Fund (Pinnacle IV )	15,783			259,717			(136,863		)	138,637			57,338		(444,871		)	44,740			(502		)	(343,295		)	(204,658		)	1,612,132		1,407,474		2,532	(19,354	)	(16,822	)
Franklin Growth and Income VIP Fund (Pinnacle II Reduced M&E )	—			1			—			1			—		—			—			—			—			1			12		13		—	—		—
Franklin Growth and Income VIP Fund (Pinnacle Plus Reduced M&E )	4,990			26,337			5,916			37,243			—		(27,943		)	79,798			(270		)	51,585			88,828			304,511		393,339		4,868	(1,673	)	3,195
See accompanying notes.
* - 2016 inception date of subaccount.

36

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Class 2 (continued):
Franklin Growth and Income VIP Fund (Pinnacle Plus )	$	1,104		$	6,669		$	(1,331	)	$	6,442		$	—	$	(25,472	)	$	(75,339	)	$	(71	)	$	(100,882	)	$	(94,440	)	$	167,531	$	73,091	238	(5,719	)	(5,481	)
Franklin Growth and Income VIP Fund (Pinnacle V )	10,146			138,061			(49,434		)	98,773			32,659		(152,704		)	49,779			(3,184		)	(73,450		)	25,323			980,865		1,006,188		7,727	(13,193	)	(5,466	)
Franklin Income VIP Fund (AdvantEdge )	7,769			(455		)	20,322			27,636			23,000		(7,480		)	12,894			(362		)	28,052			55,688			227,465		283,153		2,688	(707	)	1,981
Franklin Income VIP Fund (AnnuiChoice II )	28,344			(3,538		)	64,146			88,952			15,300		(35,384		)	(38,101		)	(325		)	(58,510		)	30,442			760,341		790,783		3,698	(7,998	)	(4,300	)
Franklin Income VIP Fund (AnnuiChoice )	5,726			5			12,140			17,871			—		(324		)	(20		)	(118		)	(462		)	17,409			138,882		156,291		—	(20	)	(20	)
Franklin Income VIP Fund (GrandMaster flex3 )	28,369			49,228			20,653			98,250			15,270		(190,234		)	(67,536		)	(534		)	(243,034		)	(144,784		)	1,016,517		871,733		773	(12,563	)	(11,790	)
Franklin Income VIP Fund (Grandmaster )	25,166			(3,849		)	56,796			78,113			435		(91,086		)	13,505			(126		)	(77,272		)	841			677,239		678,080		658	(4,220	)	(3,562	)
Franklin Income VIP Fund (IQ Annuity )	32,753			21,575			56,464			110,792			480		(37,660		)	(63,930		)	(714		)	(101,824		)	8,968			959,200		968,168		636	(5,370	)	(4,734	)
Franklin Income VIP Fund (Pinnacle IV )	61,029			5,360			137,217			203,606			3,503		(247,820		)	(54,872		)	(472		)	(299,661		)	(96,055		)	1,863,051		1,766,996		733	(14,823	)	(14,090	)
Franklin Income VIP Fund (Pinnacle Plus Reduced M&E )	15,814			(18,216		)	49,211			46,809			3,964		(87,991		)	9,192			(297		)	(75,132		)	(28,323		)	391,074		362,751		3,530	(9,116	)	(5,586	)
Franklin Income VIP Fund (Pinnacle Plus )	4,279			(18,118		)	28,476			14,637			—		(49,500		)	(66,208		)	(52		)	(115,760		)	(101,123		)	208,788		107,665		—	(6,329	)	(6,329	)
Franklin Income VIP Fund (Pinnacle V )	258,761			(1,146		)	630,064			887,679			186,897		(324,924		)	(102,942		)	(2,476		)	(243,445		)	644,234			7,559,560		8,203,794		21,569	(43,280	)	(21,711	)
Franklin Large Cap Growth VIP Fund (AdvantEdge )	(2,308		)	7,551			(9,701		)	(4,458		)	3,691		(10,538		)	(16,892		)	(1,050		)	(24,789		)	(29,247		)	168,499		139,252		1,035	(2,641	)	(1,606	)
Franklin Large Cap Growth VIP Fund (AnnuiChoice II )	(2,827		)	9,646			(13,434		)	(6,615		)	650		(19,746		)	9,255			(363		)	(10,204		)	(16,819		)	254,968		238,149		621	(1,203	)	(582	)
Franklin Large Cap Growth VIP Fund (AnnuiChoice )	(520		)	768			(1,118		)	(870		)	—		—			6,845			(52		)	6,793			5,923			47,479		53,402		343	(3	)	340
Franklin Large Cap Growth VIP Fund (GrandMaster flex3 )	(737		)	682			(1,244		)	(1,299		)	—		(619		)	13,506			(6		)	12,881			11,582			44,963		56,545		696	(33	)	663
Franklin Large Cap Growth VIP Fund (Grandmaster )	(626		)	(582		)	381			(827		)	2,695		(325		)	5,584			(59		)	7,895			7,068			40,585		47,653		769	(358	)	411
Franklin Large Cap Growth VIP Fund (IQ Annuity )	(2,750		)	3,931			(7,541		)	(6,360		)	—		(1,042		)	(256		)	(65		)	(1,363		)	(7,723		)	198,058		190,335		87	(155	)	(68	)
Franklin Large Cap Growth VIP Fund (Pinnacle )	(1,716		)	(1,400		)	914			(2,202		)	2,385		(3,468		)	18,133			(148		)	16,902			14,700			113,128		127,828		1,364	(465	)	899
Franklin Large Cap Growth VIP Fund (Pinnacle IV )	(7,379		)	14,181			(28,860		)	(22,058		)	31,599		(169,818		)	45,180			(220		)	(93,259		)	(115,317		)	591,522		476,205		2,497	(7,314	)	(4,817	)
Franklin Large Cap Growth VIP Fund (Pinnacle Plus Reduced M&E )	(987		)	1,035			(2,122		)	(2,074		)	—		(469		)	11,443			(145		)	10,829			8,755			82,656		91,411		722	(38	)	684
Franklin Large Cap Growth VIP Fund (Pinnacle Plus )	(1,750		)	(5,148		)	702			(6,196		)	—		(28,994		)	(4,909		)	(57		)	(33,960		)	(40,156		)	127,391		87,235		—	(2,023	)	(2,023	)
Franklin Large Cap Growth VIP Fund (Pinnacle V )	(13,758		)	83,286			(97,877		)	(28,349		)	34,945		(371,752		)	29,841			(2,946		)	(309,912		)	(338,261		)	1,020,575		682,314		6,367	(29,606	)	(23,239	)
Franklin Mutual Shares VIP Fund (AdvantEdge )	4,013			153,649			22,454			180,116			12,613		(183,801		)	(82,323		)	(7,919		)	(261,430		)	(81,314		)	1,447,377		1,366,063		2,754	(23,217	)	(20,463	)
Franklin Mutual Shares VIP Fund (AnnuiChoice II )	7,356			83,112			34,315			124,783			103,832		(11,663		)	(12,348		)	(3,711		)	76,110			200,893			772,784		973,677		9,512	(3,720	)	5,792
Franklin Mutual Shares VIP Fund (AnnuiChoice )	2,160			18,345			9,761			30,266			—		(938		)	—			(160		)	(1,098		)	29,168			203,327		232,495		1	(46	)	(45	)
Franklin Mutual Shares VIP Fund (GrandMaster flex3 )	1,681			63,426			(1,114		)	63,993			360		(149,810		)	(18,854		)	(277		)	(168,581		)	(104,588		)	630,275		525,687		69	(8,591	)	(8,522	)
Franklin Mutual Shares VIP Fund (IQ Advisor Standard )	163			966			565			1,694			—		—			—			—			—			1,694			11,030		12,724		—	—		—
Franklin Mutual Shares VIP Fund (IQ Annuity )	1,567			37,621			(3,884		)	35,304			480		(30,671		)	(17,434		)	(211		)	(47,836		)	(12,532		)	281,483		268,951		679	(2,969	)	(2,290	)
Franklin Mutual Shares VIP Fund (Pinnacle )	2,904			52,768			9,932			65,604			450		(44,167		)	(4,235		)	(155		)	(48,107		)	17,497			489,052		506,549		195	(2,469	)	(2,274	)
Franklin Mutual Shares VIP Fund (Pinnacle IV )	4,880			120,556			(785		)	124,651			25,026		(155,249		)	(48,920		)	(404		)	(179,547		)	(54,896		)	1,011,000		956,104		390	(9,047	)	(8,657	)
Franklin Mutual Shares VIP Fund (Pinnacle Plus Reduced M&E )	2,303			9,985			21,643			33,931			2,156		(47,446		)	57,152			(102		)	11,760			45,691			222,418		268,109		5,496	(4,715	)	781
Franklin Mutual Shares VIP Fund (Pinnacle Plus )	(382		)	(13,207		)	23,333			9,744			344		(25,149		)	(80,571		)	(118		)	(105,494		)	(95,750		)	154,567		58,817		19	(5,715	)	(5,696	)
Franklin Mutual Shares VIP Fund (Pinnacle V )	21,599			497,317			87,568			606,484			393,579		(323,808		)	(134,480		)	(20,508		)	(85,217		)	521,267			4,093,484		4,614,751		36,286	(41,340	)	(5,054	)
Franklin Mutual Shares VIP Fund(Grandmaster )	1,890			30,862			9,196			41,948			—		(42,482		)	10,310			(51		)	(32,223		)	9,725			312,429		322,154		633	(2,147	)	(1,514	)
Franklin Small Cap Value VIP Fund (AdvantEdge )	(890		)	11,324			18,762			29,196			—		(2,085		)	56,277			(260		)	53,932			83,128			82,199		165,327		3,807	(625	)	3,182
Franklin Small Cap Value VIP Fund (Annuichoice II )	(184		)	2,230			11,529			13,575			31,163		(674		)	(17,975		)	(62		)	12,452			26,027			53,055		79,082		2,320	(1,675	)	645
Franklin Small Cap Value VIP Fund (Grandmaster )	(674		)	15,147			15,059			29,532			—		(7,102		)	23,467			(5		)	16,360			45,892			99,226		145,118		1,594	(517	)	1,077
Franklin Small Cap Value VIP Fund (Grandmaster flex3 )	(137		)	6,049			(7		)	5,905			—		(4,081		)	(5,049		)	(12		)	(9,142		)	(3,237		)	22,113		18,876		2	(590	)	(588	)
Franklin Small Cap Value VIP Fund (IQ Annuity )	(485		)	6,515			13,122			19,152			501		(1,614		)	(11,307		)	(38		)	(12,458		)	6,694			75,811		82,505		45	(954	)	(909	)
Franklin Small Cap Value VIP Fund (Pinnacle Plus Reduced M&E )	(22		)	322			2,282			2,582			—		(3,501		)	—			(2		)	(3,503		)	(921		)	10,450		9,529		1	(198	)	(197	)
Franklin Small Cap Value VIP Fund (Pinnacle Plus )	(459		)	7,651			6,308			13,500			—		—			—			(19		)	(19		)	13,481			48,194		61,675		—	(2	)	(2	)
Franklin Small Cap Value VIP Fund (Pinnacle )	(609		)	23,036			11,318			33,745			—		(809		)	(43,677		)	(40		)	(44,526		)	(10,781		)	130,906		120,125		491	(3,416	)	(2,925	)
Franklin Small Cap Value VIP Fund (Pinnacle IV )	(828		)	21,421			11,164			31,757			975		(18,288		)	7,610			(36		)	(9,739		)	22,018			120,826		142,844		749	(1,499	)	(750	)
Franklin Small Cap Value VIP Fund (Pinnacle V )	(2,364		)	42,271			38,703			78,610			520		(36,113		)	129,630			(369		)	93,668			172,278			282,913		455,191		9,398	(3,630	)	5,768
Invesco VI American Franchise (AdvantEdge )	(212		)	1,539			(1,203		)	124			—		—			622			(92		)	530			654			13,011		13,665		73	(37	)	36
Invesco VI American Franchise (AnnuiChoice II )	(265		)	5,599			(5,581		)	(247		)	—		(2,606		)	(17,331		)	(55		)	(19,992		)	(20,239		)	34,963		14,724		33	(1,094	)	(1,061	)
Invesco VI American Franchise (GrandMaster flex3 )	(202		)	1,224			(963		)	59			—		—			—			—			—			59			13,263		13,322		—	—		—
Invesco VI American Franchise (Grandmaster )	(73		)	534			(426		)	35			—		—			—			—			—			35			5,652		5,687		—	—		—
Invesco VI American Franchise (IQ Annuity )	—			(6		)	(4		)	(10		)	—		(104		)	—			(1		)	(105		)	(115		)	115		—		—	(5	)	(5	)
Invesco VI American Franchise (Pinnacle Plus Reduced M&E )	(10		)	111			(248		)	(147		)	—		(45		)	9,487			(1		)	9,441			9,294			—		9,294		548	(3	)	545
Invesco VI American Franchise (Pinnacle Plus )	(453		)	2,282			(1,825		)	4			—		(2,919		)	(9,487		)	(39		)	(12,445		)	(12,441		)	31,117		18,676		—	(620	)	(620	)
Invesco VI American Franchise (Pinnacle )	(151		)	3,715			(3,317		)	247			—		(14,085		)	59			(18		)	(14,044		)	(13,797		)	17,444		3,647		3	(585	)	(582	)
Invesco VI American Franchise (Pinnacle IV )	(1,991		)	23,888			(22,137		)	(240		)	—		(18,285		)	(176		)	(23		)	(18,484		)	(18,724		)	141,998		123,274		15	(843	)	(828	)
Invesco VI American Franchise (Pinnacle V )	(925		)	12,809			(13,855		)	(1,971		)	20,000		(16,204		)	16,579			(85		)	20,290			18,319			63,372		81,691		2,423	(1,304	)	1,119
Invesco VI American Value (AdvantEdge )	(3,675		)	(37,081		)	64,632			23,876			—		(50,031		)	(120,836		)	(1,535		)	(172,402		)	(148,526		)	296,543		148,017		543	(11,984	)	(11,441	)
See accompanying notes.
* - 2016 inception date of subaccount.

37

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Class 2 (continued):
Invesco VI American Value (AnnuiChoice II )	$	(4,411	)	$	15,328		$	53,907		$	64,824		$	107,624	$	(8,236	)	$	31,166		$	(1,032	)	$	129,522		$	194,346		$	378,270	$	572,616	10,874	(2,589	)	8,285
Invesco VI American Value (AnnuiChoice )	(22		)	141			216			335			—		(99		)	—			(9		)	(108		)	227			2,400		2,627		—	(6	)	(6	)
Invesco VI American Value (Grandmaster flex3 )	(434		)	1,725			2,679			3,970			—		—			—			—			—			3,970			29,551		33,521		—	—		—
Invesco VI American Value (IQ Annuity )	(237		)	1,639			1,175			2,577			—		(58		)	17,588			(1		)	17,529			20,106			12,651		32,757		1,108	(5	)	1,103
Invesco VI American Value (Pinnacle Plus Reduced M&E )	(227		)	(1,445		)	3,830			2,158			—		(10,071		)	1,834			—			(8,237		)	(6,079		)	21,938		15,859		116	(618	)	(502	)
Invesco VI American Value (Pinnacle Plus )	(1,958		)	5,743			12,452			16,237			—		(1,003		)	(1,834		)	(32		)	(2,869		)	13,368			124,730		138,098		—	(197	)	(197	)
Invesco VI American Value II (Pinnacle V )	(10,418		)	27,662			90,945			108,189			211,302		(26,494		)	(13,140		)	(4,277		)	167,391			275,580			613,425		889,005		16,315	(4,623	)	11,692
Invesco VI American Value II (Pinnacle )	(296		)	(4,079		)	8,182			3,807			—		(384		)	(2,547		)	(28		)	(2,959		)	848			25,096		25,944		1,728	(1,882	)	(154	)
Invesco VI American Value II (Pinnacle IV )	(344		)	(2,772		)	5,402			2,286			—		(13,216		)	(2,854		)	(29		)	(16,099		)	(13,813		)	36,855		23,042		—	(1,128	)	(1,128	)
Invesco VI Comstock (AdvantEdge )	(676		)	28,026			(4,242		)	23,108			—		(16,084		)	(34,290		)	(442		)	(50,816		)	(27,708		)	203,316		175,608		354	(3,919	)	(3,565	)
Invesco VI Comstock (AnnuiChoice II )	1,105			37,768			37,615			76,488			76,732		(9,262		)	(51,251		)	(1,879		)	14,340			90,828			457,073		547,901		7,311	(6,172	)	1,139
Invesco VI Comstock (AnnuiChoice )	168			4,680			2,996			7,844			—		(943		)	—			(1		)	(944		)	6,900			50,456		57,356		—	(40	)	(40	)
Invesco VI Comstock (GrandMaster flex3 )	(181		)	20,828			(4,908		)	15,739			—		(616		)	(18,215		)	(10		)	(18,841		)	(3,102		)	116,723		113,621		—	(828	)	(828	)
Invesco VI Comstock (Grandmaster )	(11		)	3,768			2,967			6,724			—		(380		)	(255		)	(15		)	(650		)	6,074			44,159		50,233		—	(28	)	(28	)
Invesco VI Comstock (IQ Annuity )	(29		)	2,207			1,505			3,683			—		—			—			(19		)	(19		)	3,664			24,119		27,783		—	(1	)	(1	)
Invesco VI Comstock (Pinnacle Plus Reduced M&E )	32			6,218			4,020			10,270			—		(14,987		)	7,697			(62		)	(7,352		)	2,918			72,918		75,836		435	(887	)	(452	)
Invesco VI Comstock (Pinnacle Plus )	(165		)	3,088			2,551			5,474			344		(3,765		)	(7,697		)	(51		)	(11,169		)	(5,695		)	43,652		37,957		18	(559	)	(541	)
Invesco VI Comstock (Pinnacle )	(8		)	6,315			4,958			11,265			—		(9,284		)	(331		)	(22		)	(9,637		)	1,628			80,321		81,949		3	(419	)	(416	)
Invesco VI Comstock (Pinnacle IV )	(1,112		)	65,044			(43,204		)	20,728			—		(77,502		)	78,805			(53		)	1,250			21,978			239,744		261,722		3,679	(4,254	)	(575	)
Invesco VI Comstock (Pinnacle V )	(2,610		)	150,494			87,068			234,952			201,308		(51,975		)	(56,265		)	(8,613		)	84,455			319,407			1,337,067		1,656,474		20,150	(11,826	)	8,324
Invesco VI International Growth Class II (Advantedge )	(549		)	691			(2,677		)	(2,535		)	—		(2,876		)	43,292			(150		)	40,266			37,731			92,851		130,582		4,641	(761	)	3,880
Invesco VI International Growth Class II (IQ Advisor Enhanced )	5			(161		)	(2,456		)	(2,612		)	72,545		(931		)	20,939			(667		)	91,886			89,274			195,090		284,364		9,145	(335	)	8,810
Invesco VI International Growth Class II (Pinnacle Plus )	(157		)	614			(2,566		)	(2,109		)	—		(1,085		)	5,140			(5		)	4,050			1,941			103,508		105,449		664	(275	)	389
Invesco VI International Growth Class II (Pinnacle )	(187		)	1,165			(2,156		)	(1,178		)	—		(8,858		)	1,122			(24		)	(7,760		)	(8,938		)	65,306		56,368		121	(849	)	(728	)
Invesco VI International Growth Class II (Pinnacle V )	(2,194		)	1,399			(12,858		)	(13,653		)	77,382		(21,592		)	34,263			(3,428		)	86,625			72,972			637,366		710,338		11,598	(3,131	)	8,467
Invesco VI International Growth II (Grandmaster )	(53		)	(56		)	(484		)	(593		)	—		—			—			(29		)	(29		)	(622		)	29,114		28,492		1	(3	)	(2	)
Invesco VI Mid Cap Growth (Pinnacle V )*	(204		)	3,389			(4,135		)	(950		)	34,542		—			540			(63		)	35,019			34,069			—		34,069		3,307	(6	)	3,301
Templeton Foreign VIP Fund (IQ Annuity )	1,308			13,264			(575		)	13,997			1,001		(16,166		)	500			(167		)	(14,832		)	(835		)	282,335		281,500		625	(1,475	)	(850	)
Templeton Foreign VIP (Pinnacle )	966			(1,711		)	9,865			9,120			—		(10,580		)	(2,618		)	(60		)	(13,258		)	(4,138		)	182,306		178,168		106	(837	)	(731	)
Templeton Foreign VIP (Pinnacle IV )	2,781			(26,492		)	51,533			27,822			1,929		(86,802		)	(41,691		)	(301		)	(126,865		)	(99,043		)	700,669		601,626		309	(7,348	)	(7,039	)
Templeton Foreign VIP (Pinnacle V )	6,900			3,142			84,424			94,466			111,337		(196,249		)	(8,488		)	(7,098		)	(100,498		)	(6,032		)	1,599,988		1,593,956		18,274	(28,369	)	(10,095	)
Templeton Foreign VIP Fund (AnnuiChoice II )	2,766			7,520			14,844			25,130			67,630		(18,314		)	10,160			(1,154		)	58,322			83,452			326,357		409,809		7,998	(2,455	)	5,543
Templeton Foreign VIP Fund (AnnuiChoice )	518			880			1,921			3,319			—		(995		)	—			(29		)	(1,024		)	2,295			55,539		57,834		—	(53	)	(53	)
Templeton Foreign VIP Fund (AdvantEdge )	1,319			8,020			12,843			22,182			6,307		(22,529		)	(6,543		)	(2,043		)	(24,808		)	(2,626		)	410,842		408,216		2,695	(5,251	)	(2,556	)
Templeton Foreign VIP Fund (GrandMaster flex3 )	429			6,927			5,949			13,305			14,910		(9,071		)	(143,220		)	(174		)	(137,555		)	(124,250		)	303,013		178,763		1,191	(8,461	)	(7,270	)
Templeton Foreign VIP Fund (Grandmaster )	658			(7,527		)	11,519			4,650			—		(5,048		)	(23,873		)	(15		)	(28,936		)	(24,286		)	93,576		69,290		—	(1,486	)	(1,486	)
Templeton Foreign VIP Fund (Pinnacle Plus Reduced M&E )	1,235			312			7,289			8,836			—		(5,032		)	6,266			(98		)	1,136			9,972			155,529		165,501		856	(790	)	66
Templeton Foreign VIP Fund (Pinnacle Plus )	155			(21,915		)	25,147			3,387			—		(25,105		)	(41,942		)	(81		)	(67,128		)	(63,741		)	158,549		94,808		56	(4,133	)	(4,077	)
Templeton Global Bond VIP Fund (Pinnacle )	(938		)	(274		)	2,335			1,123			—		(1,008		)	1,571			—			563			1,686			70,676		72,362		167	(104	)	63
Templeton Global Bond VIP Fund (Grandmaster )	(541		)	(163		)	1,417			713			—		(1,235		)	7,127			(20		)	5,872			6,585			39,928		46,513		774	(138	)	636
Templeton Global Bond VIP Fund (GrandMaster flex3 )	(1,324		)	(14,103		)	13,891			(1,536		)	—		(54,201		)	(45,954		)	(133		)	(100,288		)	(101,824		)	143,231		41,407		61	(11,204	)	(11,143	)
Templeton Global Bond VIP Fund (Pinnacle V )	(586		)	(2,179		)	3,288			523			—		(12,200		)	5,903			(22		)	(6,319		)	(5,796		)	46,536		40,740		664	(1,356	)	(692	)
Templeton Global Bond VIP Fund (Pinnacle IV )	(2,673		)	(4,772		)	10,131			2,686			15,000		(12,965		)	(10,898		)	(44		)	(8,907		)	(6,221		)	176,668		170,447		2,347	(3,271	)	(924	)
Templeton Global Bond VIP Fund (AnnuiChoice II )	(3,344		)	(3,825		)	12,644			5,475			—		(6,062		)	15,831			(73		)	9,696			15,171			295,913		311,084		3,056	(2,000	)	1,056
Templeton Growth VIP Fund (AdvantEdge )	358			5,590			610			6,558			—		(5,011		)	(355		)	(474		)	(5,840		)	718			83,406		84,124		275	(784	)	(509	)
Templeton Growth VIP Fund (AnnuiChoice II )	712			570			1,598			2,880			—		(14,149		)	(39,238		)	(151		)	(53,538		)	(50,658		)	122,432		71,774		74	(5,159	)	(5,085	)
Templeton Growth VIP Fund (AnnuiChoice )	260			1,008			881			2,149			—		—			36			(12		)	24			2,173			25,202		27,375		2	(1	)	1
Templeton Growth VIP Fund (GrandMaster flex3 )	593			56,422			(52,742		)	4,273			360		(137,276		)	(16,748		)	(164		)	(153,828		)	(149,555		)	309,943		160,388		659	(9,758	)	(9,099	)
Templeton Growth VIP Fund (Grandmaster )	520			4,240			1,035			5,795			—		(7,848		)	—			(5		)	(7,853		)	(2,058		)	77,081		75,023		1	(424	)	(423	)
Templeton Growth VIP Fund (IQ Advisor Standard )	147			394			374			915			—		—			—			—			—			915			10,201		11,116		—	—		—
Templeton Growth VIP Fund (IQ Annuity )	1,133			11,272			1,827			14,232			—		(19,668		)	1,568			(164		)	(18,264		)	(4,032		)	197,164		193,132		121	(1,144	)	(1,023	)
Templeton Growth VIP Fund (Pinnacle )	935			6,481			1,707			9,123			—		(26,761		)	9,885			(38		)	(16,914		)	(7,791		)	129,288		121,497		713	(1,643	)	(930	)
Templeton Growth VIP Fund (Pinnacle IV )	3,559			71,511			(36,013		)	39,057			13,315		(84,750		)	(25,380		)	(61		)	(96,876		)	(57,819		)	631,786		573,967		103	(5,697	)	(5,594	)
Templeton Growth VIP Fund (Pinnacle II Reduced M&E )	97			424			360			881			—		—			—			(5		)	(5		)	876			10,474		11,350		—	(1	)	(1	)
Templeton Growth VIP Fund (Pinnacle Plus Reduced M&E )	651			(2,622		)	10,294			8,323			1,850		(17,482		)	28,040			(42		)	12,366			20,689			83,461		104,150		3,221	(2,248	)	973
Templeton Growth VIP Fund (Pinnacle Plus )	156			(9,888		)	10,431			699			—		(20,301		)	(40,873		)	(24		)	(61,198		)	(60,499		)	82,302		21,803		1	(3,845	)	(3,844	)
See accompanying notes.
* - 2016 inception date of subaccount.

38

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Class 2 (continued):
Templeton Growth VIP Fund (Pinnacle V )	$	2,280		$	25,977		$	10,235		$	38,492		$	256	$	(48,067	)	$	376		$	(985	)	$	(48,420	)	$	(9,928	)	$	532,794	$	522,866	1,062	(6,345	)	(5,283	)
Morgan Stanley UIF Emerging Markets Debt (AdvantEdge )	7,224			(407		)	8,827			15,644			—		(1,966		)	(8,551		)	(978		)	(11,495		)	4,149			180,705		184,854		137	(1,002	)	(865	)
Morgan Stanley UIF Emerging Markets Debt (AnnuiChoice II )	2,999			(2,424		)	5,104			5,679			—		(9,360		)	1,984			(74		)	(7,450		)	(1,771		)	72,338		70,567		161	(751	)	(590	)
Morgan Stanley UIF Emerging Markets Debt (AnnuiChoice )	4,525			(12		)	4,311			8,824			—		—			—			(76		)	(76		)	8,748			93,121		101,869		—	(5	)	(5	)
Morgan Stanley UIF Emerging Markets Debt (GrandMaster flex3 )	5,209			(515		)	6,336			11,030			—		(4,372		)	(552		)	(3		)	(4,927		)	6,103			123,446		129,549		—	(350	)	(350	)
Morgan Stanley UIF Emerging Markets Debt (Grandmaster )	50			(1		)	53			102			—		—			—			(1		)	(1		)	101			1,117		1,218		—	—		—
Morgan Stanley UIF Emerging Markets Debt (IQ Annuity )	5,856			59			6,621			12,536			—		(10,811		)	(1,836		)	(132		)	(12,779		)	(243		)	146,953		146,710		120	(693	)	(573	)
Morgan Stanley UIF Emerging Markets Debt (Pinnacle IV )	1,874			(1,001		)	3,087			3,960			—		(5,362		)	(546		)	(45		)	(5,953		)	(1,993		)	46,865		44,872		17	(460	)	(443	)
Morgan Stanley UIF Emerging Markets Debt (Pinnacle Plus Reduced M&E )	3,772			(1,400		)	5,266			7,638			—		(5,820		)	(2,199		)	(123		)	(8,142		)	(504		)	85,561		85,057		—	(733	)	(733	)
Morgan Stanley UIF Emerging Markets Debt (Pinnacle Plus )	3,058			(232		)	3,787			6,613			—		(2,381		)	—			(107		)	(2,488		)	4,125			76,180		80,305		—	(126	)	(126	)
Morgan Stanley UIF Emerging Markets Debt (Pinnacle V )	11,565			(16,915		)	28,662			23,312			256		(11,393		)	(75,440		)	(841		)	(87,418		)	(64,106		)	282,899		218,793		362	(6,836	)	(6,474	)
Morgan Stanley UIF Emerging Markets Equity (AdvantEdge )	(3,490		)	(11,142		)	32,293			17,661			922		(21,480		)	(30,953		)	(1,529		)	(53,040		)	(35,379		)	333,658		298,279		3,483	(10,581	)	(7,098	)
Morgan Stanley UIF Emerging Markets Equity (AnnuiChoice II )	(557		)	(289		)	4,849			4,003			36		(1,640		)	7,215			(128		)	5,483			9,486			71,295		80,781		726	(238	)	488
Morgan Stanley UIF Emerging Markets Equity (AnnuiChoice )	(366		)	30			4,739			4,403			—		(384		)	11,682			(30		)	11,268			15,671			52,571		68,242		430	(19	)	411
Morgan Stanley UIF Emerging Markets Equity (GrandMaster flex3 )	(1,332		)	(248		)	8,695			7,115			—		(17,711		)	(23,543		)	(92		)	(41,346		)	(34,231		)	124,715		90,484		263	(1,675	)	(1,412	)
Morgan Stanley UIF Emerging Markets Equity (Grandmaster )	(1,332		)	(7,653		)	26,538			17,553			2,375		(57,832		)	91,076			(59		)	35,560			53,113			74,049		127,162		4,694	(3,022	)	1,672
Morgan Stanley UIF Emerging Markets Equity (IQ Annuity )	(3,501		)	19,242			5,769			21,510			—		(33,836		)	65,466			(165		)	31,465			52,975			289,255		342,230		2,765	(1,446	)	1,319
Morgan Stanley UIF Emerging Markets Equity (Pinnacle )	(868		)	(1,818		)	8,684			5,998			2,365		(20,535		)	(10,422		)	(82		)	(28,674		)	(22,676		)	104,757		82,081		135	(1,089	)	(954	)
Morgan Stanley UIF Emerging Markets Equity (Pinnacle IV )	(3,653		)	(9,202		)	40,429			27,574			2,949		(68,155		)	109,173			(245		)	43,722			71,296			289,983		361,279		4,612	(2,664	)	1,948
Morgan Stanley UIF Emerging Markets Equity (Pinnacle Plus Reduced M&E )	(439		)	(3,931		)	8,213			3,843			—		(13,054		)	10,213			(58		)	(2,899		)	944			68,443		69,387		3,180	(3,506	)	(326	)
Morgan Stanley UIF Emerging Markets Equity (Pinnacle Plus )	(2,455		)	(7,239		)	17,784			8,090			—		(13,252		)	(45,807		)	(117		)	(59,176		)	(51,086		)	226,541		175,455		66	(2,576	)	(2,510	)
Morgan Stanley UIF Emerging Markets Equity (Pinnacle V )	(6,947		)	(23,448		)	70,397			40,002			2,731		(89,192		)	(52,888		)	(2,093		)	(141,442		)	(101,440		)	635,954		534,514		7,013	(23,008	)	(15,995	)
Morgan Stanley UIF U. S. Real Estate (Pinnacle Plus Reduced M&E )	(153		)	6,792			1,625			8,264			5,352		(29,071		)	2,315			(166		)	(21,570		)	(13,306		)	165,537		152,231		1,412	(2,723	)	(1,311	)
Morgan Stanley UIF U. S. Real Estate (Pinnacle Plus )	(1,748		)	9,948			5,107			13,307			—		(55,079		)	(23,919		)	(230		)	(79,228		)	(65,921		)	316,182		250,261		42	(2,729	)	(2,687	)
Morgan Stanley UIF U.S. Real Estate (AdvantEdge )	(1,590		)	37,884			(22,903		)	13,391			1,384		(93,427		)	(21,142		)	(1,112		)	(114,297		)	(100,906		)	296,543		195,637		615	(7,950	)	(7,335	)
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice II )	(238		)	2,616			13,665			16,043			24,188		(4,923		)	86,645			(368		)	105,542			121,585			281,494		403,079		9,180	(664	)	8,516
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice )	3			27			107			137			—		(95		)	—			(8		)	(103		)	34			2,563		2,597		—	(9	)	(9	)
Morgan Stanley UIF U.S. Real Estate (Grandmaster flex3 )	(207		)	8,528			(5,684		)	2,637			—		(20,988		)	(7,256		)	(37		)	(28,281		)	(25,644		)	65,294		39,650		57	(2,454	)	(2,397	)
Morgan Stanley UIF U.S. Real Estate (Grandmaster )	(144		)	1,669			2,458			3,983			—		(279		)	31,757			(19		)	31,459			35,442			76,393		111,835		1,061	(199	)	862
Morgan Stanley UIF U.S. Real Estate (IQ Annuity )	(663		)	10,665			(1,836		)	8,166			701		(4,956		)	(14,075		)	(120		)	(18,450		)	(10,284		)	174,471		164,187		116	(643	)	(527	)
Morgan Stanley UIF U.S. Real Estate (Pinnacle IV )	(1,664		)	38,373			(19,172		)	17,537			21,808		(179,641		)	15,990			(293		)	(142,136		)	(124,599		)	452,092		327,493		2,564	(14,676	)	(12,112	)
Morgan Stanley UIF U.S. Real Estate (Pinnacle V )	(5,179		)	67,425			(12,238		)	50,008			52,830		(119,507		)	33,975			(3,330		)	(36,032		)	13,976			1,047,449		1,061,425		10,366	(13,267	)	(2,901	)
Non-Affiliated Class 3:
BlackRock Capital Appreciation VI (Advantedge )	(3,708		)	(1,538		)	2,052			(3,194		)	—		(22,656		)	(51,398		)	(728		)	(74,782		)	(77,976		)	260,907		182,931		509	(5,906	)	(5,397	)
BlackRock Capital Appreciation VI (AnnuiChoice II )	(3,682		)	7,693			2,189			6,200			81,960		(5,383		)	112,103			(224		)	188,456			194,656			194,895		389,551		15,041	(924	)	14,117
BlackRock Capital Appreciation VI (Annuichoice )	(3		)	8			(8		)	(3		)	—		—			—			(4		)	(4		)	(7		)	326		319		—	(1	)	(1	)
BlackRock Capital Appreciation VI (Grandmaster flex3 )	(144		)	261			(278		)	(161		)	—		—			—			(11		)	(11		)	(172		)	9,602		9,430		—	(1	)	(1	)
BlackRock Capital Appreciation VI Class III (Grandmaster )	(306		)	(18,700		)	11,193			(7,813		)	—		—			(99,648		)	(5		)	(99,653		)	(107,466		)	109,006		1,540		1	(7,667	)	(7,666	)
BlackRock Capital Appreciation VI Class III (Pinnacle )	(228		)	(4,819		)	3,334			(1,713		)	—		(39		)	(38,795		)	(21		)	(38,855		)	(40,568		)	46,001		5,433		—	(2,889	)	(2,889	)
BlackRock Capital Appreciation VI Class III (Pinnacle IV )	(697		)	(397		)	799			(295		)	—		(1,000		)	6,346			(67		)	5,279			4,984			45,323		50,307		946	(530	)	416
BlackRock Capital Appreciation VI Class III (Pinnacle V )	(13,644		)	20,800			(23,452		)	(16,296		)	126,233		(24,927		)	52,697			(2,082		)	151,921			135,625			872,874		1,008,499		13,700	(2,688	)	11,012
BlackRock Global Allocation VI (Advantedge )	(2,094		)	(23,016		)	31,564			6,454			—		(109,318		)	(42,429		)	(1,443		)	(153,190		)	(146,736		)	412,379		265,643		520	(14,861	)	(14,341	)
BlackRock Global Allocation VI (AnnuiChoice II )	94			(524		)	4,299			3,869			—		(9,664		)	1,090			(65		)	(8,639		)	(4,770		)	157,448		152,678		701	(1,499	)	(798	)
BlackRock Global Allocation VI (Annuichoice )	90			(217		)	1,075			948			—		—			(632		)	(21		)	(653		)	295			36,052		36,347		1	(63	)	(62	)
BlackRock Global Allocation VI (Grandmaster flex3 )	(1,636		)	(26,365		)	28,650			649			—		(9,583		)	(158,046		)	(109		)	(167,738		)	(167,089		)	176,008		8,919		14	(15,727	)	(15,713	)
BlackRock Global Allocation VI (Grandmaster )	(4		)	(230		)	341			107			400		—			(874		)	(1		)	(475		)	(368		)	6,703		6,335		37	(85	)	(48	)
BlackRock Global Allocation VI Class III (Pinnacle )	(20		)	(2,254		)	2,182			(92		)	—		(659		)	(7,715		)	(26		)	(8,400		)	(8,492		)	20,766		12,274		4	(821	)	(817	)
BlackRock Global Allocation VI Class III (Pinnacle IV )	(74		)	(4,554		)	4,501			(127		)	—		(832		)	(15,424		)	(24		)	(16,280		)	(16,407		)	42,064		25,657		—	(1,588	)	(1,588	)
BlackRock Global Allocation VI Class III (Pinnacle V )	(743		)	(11,722		)	17,462			4,997			53,981		(31,544		)	(19,203		)	(509		)	2,725			7,722			241,901		249,623		5,680	(5,459	)	221
BlackRock High Yield VI (Pinnacle V )*	626			234			312			1,172			46,117		(50		)	(14,191		)	—			31,876			33,048			—		33,048		4,568	(1,451	)	3,117
BlackRock Total Return VI (Pinnacle V )*	241			(23		)	(4,384		)	(4,166		)	135,202		(444		)	52,656			(195		)	187,219			183,053			—		183,053		18,660	(69	)	18,591
TOPS Managed Risk Moderate Growth ETF (AnnuiChoice II)	77			(26		)	674			725			9,750		—			287			(103		)	9,934			10,659			7,677		18,336		1,004	(11	)	993
TOPS Managed Risk Moderate Growth ETF (Pinnacle IV )	1,690			(3,898		)	22,662			20,454			717,335		(25,906		)	(8,042		)	(2,750		)	680,637			701,091			123,642		824,733		87,735	(19,516	)	68,219
Non-Affiliated Class 4:
American Funds Bond (AnnuiChoice II )*	456			(3		)	(1,900		)	(1,447		)	55,993		—			1,789			—			57,782			56,335			—		56,335		5,720	—		5,720
American Funds Bond (Pinnacle V )*	494			(9		)	(3,592		)	(3,107		)	128,715		—			17,533			(185		)	146,063			142,956			—		142,956		14,574	(18	)	14,556
American Funds Capital Income Builder (Pinnacle IV )	582			(8		)	179			753			—		—			4,846			—			4,846			5,599			33,999		39,598		506	—		506
See accompanying notes.
* - 2016 inception date of subaccount.

39

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Class 4 (continued):
American Funds Capital Income Builder (Pinnacle V )	$	3,301		$	(554	)	$	2,673		$	5,420		$	43,081	$	(3,234	)	$	79,851		$	(570	)	$	119,128		$	124,548		$	102,973	$	227,521	14,801	(1,944	)	12,857
American Funds Capital Income Builder (AnnuiChoice II )	7,088			(2,091		)	2,061			7,058			—		(6,787		)	387,976			(66		)	381,123			388,181			140,966		529,147		49,145	(8,998	)	40,147
American Funds Global Growth (AdvantEdge )	(122		)	(1,050		)	320			(852		)	—		—			(11,316		)	—			(11,316		)	(12,168		)	20,905		8,737		67	(1,160	)	(1,093	)
American Funds Global Growth (AnnuiChoice )	(37		)	(3,227		)	89			(3,175		)	—		(52		)	(26,638		)	(4		)	(26,694		)	(29,869		)	29,869		—		—	(2,672	)	(2,672	)
American Funds Global Growth (AnnuiChoice II )	(2,255		)	47,974			(45,799		)	(80		)	68,190		(2,493		)	87,792			(277		)	153,212			153,132			495,290		648,422		14,648	(445	)	14,203
American Funds Global Growth (GrandMaster )	(1,063		)	(27,220		)	(5,668		)	(33,951		)	—		(5,355		)	(274,393		)	(51		)	(279,799		)	(313,750		)	394,816		81,066		—	(28,202	)	(28,202	)
American Funds Global Growth (GrandMaster flex3 )	(183		)	(1,429		)	2,078			466			—		(30,343		)	(2,875		)	—			(33,218		)	(32,752		)	32,752		—		9	(2,973	)	(2,964	)
American Funds Global Growth (Pinnacle )	(1		)	(17		)	32			14			—		—			692			(3		)	689			703			385		1,088		99	(38	)	61
American Funds Global Growth (Pinnacle IV )	(533		)	(30,492		)	714			(30,311		)	—		(2,162		)	(250,802		)	(12		)	(252,976		)	(283,287		)	286,075		2,788		133	(25,713	)	(25,580	)
American Funds Global Growth (Pinnacle V )	(1,877		)	6,940			(11,813		)	(6,750		)	3,830		(1,320		)	(34,668		)	(1,591		)	(33,749		)	(40,499		)	256,628		216,129		1,507	(4,938	)	(3,431	)
American Funds Growth (AdvantEdge )	26			22			275			323			—		(1,518		)	22,158			—			20,640			20,963			—		20,963		1,795	(121	)	1,674
American Funds Growth (AnnuiChoice II )	(931		)	16,753			4,091			19,913			10,358		(474		)	128,716			(92		)	138,508			158,421			134,554		292,975		11,682	(47	)	11,635
American Funds Growth (Pinnacle )	(4		)	3			28			27			—		—			740			—			740			767			—		767		61	—		61
American Funds Growth (Pinnacle IV )	(38		)	(167		)	91			(114		)	—		—			(4,731		)	(2		)	(4,733		)	(4,847		)	6,442		1,595		—	(424	)	(424	)
American Funds Growth (Pinnacle V )	249			2,902			8,758			11,909			404,345		(408		)	15,931			(89		)	419,779			431,688			27,183		458,871		34,360	(99	)	34,261
American Funds Growth-Income (AdvantEdge )	(357		)	(593		)	3,614			2,664			—		(49,260		)	22,864			(432		)	(26,828		)	(24,164		)	24,164		—		2,172	(4,312	)	(2,140	)
American Funds Growth-Income (AnnuiChoice II )	543			31,091			(1,617		)	30,017			—		(4,709		)	31,825			(214		)	26,902			56,919			269,655		326,574		2,847	(452	)	2,395
American Funds Growth-Income (GrandMaster )	(88		)	12,443			(690		)	11,665			—		(7,580		)	2,578			(58		)	(5,060		)	6,605			122,621		129,226		226	(656	)	(430	)
American Funds Growth-Income (Pinnacle )	(31		)	779			795			1,543			—		(209		)	(98		)	—			(307		)	1,236			14,986		16,222		436	(455	)	(19	)
American Funds Growth-Income (Pinnacle IV )	(242		)	7,319			(734		)	6,343			—		—			—			—			—			6,343			65,758		72,101		—	—		—
American Funds Growth-Income (Pinnacle V )	(1,788		)	66,308			10,046			74,566			177,674		(8,588		)	(68,728		)	(1,850		)	98,508			173,074			748,261		921,335		16,924	(8,702	)	8,222
American Funds New World (AdvantEdge )	(44		)	(1,360		)	1,160			(244		)	—		—			(11,709		)	—			(11,709		)	(11,953		)	11,953		—		65	(1,414	)	(1,349	)
American Funds New World (AnnuiChoice )	(27		)	(1,963		)	157			(1,833		)	—		(37		)	(19,231		)	(2		)	(19,270		)	(21,103		)	21,103		—		—	(2,352	)	(2,352	)
American Funds New World (AnnuiChoice II )	(615		)	(974		)	6,994			5,405			16,190		(1,951		)	10,082			(306		)	24,015			29,420			125,436		154,856		3,353	(703	)	2,650
American Funds New World (GrandMaster )	(376		)	(20,370		)	1,633			(19,113		)	—		(1,646		)	(198,096		)	(12		)	(199,754		)	(218,867		)	218,867		—		—	(24,567	)	(24,567	)
American Funds New World (GrandMaster flex3 )	(65		)	(403		)	840			372			—		(7,329		)	(2,075		)	—			(9,404		)	(9,032		)	9,032		—		2	(1,020	)	(1,018	)
American Funds New World (Pinnacle )	(215		)	(355		)	1,927			1,357			—		(563		)	12,086			—			11,523			12,880			34,742		47,622		1,380	(121	)	1,259
American Funds New World (Pinnacle IV )	(565		)	(23,202		)	6,962			(16,805		)	—		(7,641		)	(181,288		)	(10		)	(188,939		)	(205,744		)	227,369		21,625		131	(23,356	)	(23,225	)
American Funds New World (Pinnacle V )	(1,252		)	(11,458		)	13,250			540			19,752		(2,093		)	(36,504		)	(832		)	(19,677		)	(19,137		)	170,867		151,730		3,250	(5,972	)	(2,722	)
Non-Affiliated Class A:
Deutsche Small Cap Index VIP (Pinnacle )	(1,299		)	46,307			43,760			88,768			66,943		(125,970		)	6,460			(132		)	(52,699		)	36,069			484,272		520,341		592	(2,633	)	(2,041	)
Deutsche Small Cap Index VIP (Pinnacle IV )	(3		)	48			75			120			—		(73		)	—			(2		)	(75		)	45			613		658		—	(3	)	(3	)
Deutsche Small Cap Index VIP (Pinnacle II Reduced M&E )	(2		)	231			348			577			—		—			—			(8		)	(8		)	569			2,938		3,507		—	—		—
Non-Affiliated Class B:
Deutsche Small Cap Index (AdvantEdge )	(129		)	1,323			2,189			3,383			—		(7,111		)	6,324			(30		)	(817		)	2,566			20,282		22,848		382	(449	)	(67	)
Deutsche Small Cap Index (AnnuiChoice II )	(1,280		)	26,651			43,865			69,236			9,396		(2,696		)	54,983			(125		)	61,558			130,794			326,807		457,601		3,964	(254	)	3,710
Deutsche Small Cap Index (AnnuiChoice )	(43		)	1,932			2,530			4,419			—		(457		)	—			(15		)	(472		)	3,947			22,615		26,562		1	(18	)	(17	)
Deutsche Small Cap Index (GrandMaster flex3 )	(440		)	8,399			3,370			11,329			—		(4,968		)	86			(22		)	(4,904		)	6,425			60,772		67,197		77	(269	)	(192	)
Deutsche Small Cap Index (Grandmaster )	(104		)	859			2,893			3,648			—		(6,013		)	2,578			(17		)	(3,452		)	196			22,906		23,102		139	(325	)	(186	)
Deutsche Small Cap Index (IQ3 )	(495		)	6,287			8,480			14,272			—		(1,024		)	405			(39		)	(658		)	13,614			75,421		89,035		23	(52	)	(29	)
Deutsche Small Cap Index (Pinnacle Plus Reduced M&E )	(547		)	10,975			20,224			30,652			—		(4,357		)	—			(85		)	(4,442		)	26,210			162,651		188,861		—	(273	)	(273	)
Deutsche Small Cap Index (Pinnacle Plus )	(468		)	3,934			873			4,339			—		(42,751		)	752			(33		)	(42,032		)	(37,693		)	65,901		28,208		46	(2,050	)	(2,004	)
Deutsche Small Cap Index VIP (Pinnacle IV )	(1,187		)	27,889			9,992			36,694			30,145		(53,053		)	12,709			(30		)	(10,229		)	26,465			184,097		210,562		679	(1,025	)	(346	)
Deutsche Small Cap Index VIP (Pinnacle V )	(1,529		)	16,823			20,728			36,022			26,126		(6,740		)	(3,572		)	(362		)	15,452			51,474			166,746		218,220		3,214	(1,914	)	1,300
Advisor Class:
Pimco VIT All Asset (AdvantEdge )	1,018			(3,522		)	17,751			15,247			—		(2,722		)	(29,425		)	(1,000		)	(33,147		)	(17,900		)	139,919		122,019		145	(2,919	)	(2,774	)
Pimco VIT All Asset (IQ Annuity )	1,247			(1,045		)	12,069			12,271			—		(4,112		)	(1,175		)	(73		)	(5,360		)	6,911			113,572		120,483		17	(503	)	(486	)
Pimco VIT All Asset (Pinnacle )	903			(1,725		)	10,308			9,486			—		(51		)	20,190			(9		)	20,130			29,616			39,039		68,655		7,603	(5,543	)	2,060
Pimco VIT All Asset (AnnuiChoice II )	1,513			(1,145		)	12,116			12,484			—		(5,191		)	6,227			(104		)	932			13,416			100,125		113,541		699	(556	)	143
Pimco VIT All Asset (AnnuiChoice )	215			(30		)	1,358			1,543			—		—			—			(24		)	(24		)	1,519			13,119		14,638		—	(2	)	(2	)
Pimco VIT All Asset (GrandMaster flex3 )	12			(1		)	118			129			—		—			—			(3		)	(3		)	126			1,160		1,286		—	—		—
Pimco VIT All Asset (Grandmaster )	4,452			(1,159		)	34,182			37,475			—		(5,804		)	38,364			(42		)	32,518			69,993			313,107		383,100		3,330	(518	)	2,812
Pimco VIT All Asset (Pinnacle IV )	3,834			(13,856		)	51,880			41,858			—		(69,450		)	(335		)	(74		)	(69,859		)	(28,001		)	409,121		381,120		—	(6,068	)	(6,068	)
Pimco VIT All Asset (Pinnacle Plus Reduced M&E )	391			(978		)	3,622			3,035			10,184		(10,824		)	1,353			—			713			3,748			25,746		29,494		1,050	(983	)	67
Pimco VIT All Asset (Pinnacle Plus )	410			(8,588		)	15,076			6,898			—		(46,398		)	20,805			(57		)	(25,650		)	(18,752		)	75,451		56,699		1,896	(4,174	)	(2,278	)
Pimco VIT All Asset (Pinnacle V )	2,410			(11,011		)	46,177			37,576			31,694		(51,058		)	(74,740		)	(1,139		)	(95,243		)	(57,667		)	348,427		290,760		2,270	(10,246	)	(7,976	)
See accompanying notes.
* - 2016 inception date of subaccount.

40

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Advisor Class (continued):
Pimco VIT Commodity Real Return (Pinnacle )	$	(293	)	$	(22,518	)	$	32,972		$	10,161		$	—	$	(3,722	)	$	(5,688	)	$	(36	)	$	(9,446	)	$	715		$	84,297	$	85,012	2,142	(4,571	)	(2,429	)
Pimco VIT Commodity Real Return (Pinnacle IV )	(250		)	(22,126		)	28,717			6,341			—		(9,884		)	(8,495		)	(46		)	(18,425		)	(12,084		)	66,488		54,404		638	(5,464	)	(4,826	)
Pimco VIT Commodity Real Return (Pinnacle V )	(4,197		)	(181,627		)	280,014			94,190			54,983		(48,356		)	(51,976		)	(2,751		)	(48,100		)	46,090			738,365		784,455		18,460	(30,263	)	(11,803	)
Pimco VIT Commodity Real Return Strategy (AdvantEdge )	(2,185		)	(89,058		)	139,225			47,982			2,306		(22,032		)	(4,063		)	(2,554		)	(26,343		)	21,639			355,869		377,508		8,739	(14,542	)	(5,803	)
Pimco VIT Commodity Real Return Strategy (AnnuiChoice II )	(119		)	(7,731		)	20,967			13,117			22,715		(2,278		)	(694		)	(487		)	19,256			32,373			81,201		113,574		6,720	(1,910	)	4,810
Pimco VIT Commodity Real Return Strategy (AnnuiChoice )	(1		)	(1,387		)	1,311			(77		)	—		—			(1,527		)	—			(1,527		)	(1,604		)	1,604		—		—	(409	)	(409	)
Pimco VIT Commodity Real Return Strategy (Grandmaster )	(226		)	(2,625		)	10,457			7,606			—		(177		)	19,639			(34		)	19,428			27,034			59,453		86,487		4,816	(402	)	4,414
Pimco VIT Commodity Real Return Strategy (IQ Annuity )	(643		)	(20,911		)	38,978			17,424			801		(8,895		)	4,716			(84		)	(3,462		)	13,962			138,535		152,497		3,305	(4,315	)	(1,010	)
Pimco VIT Commodity Real Return Strategy (GrandMaster flex3 )	(44		)	(1,869		)	2,814			901			—		(74		)	(1,747		)	(13		)	(1,834		)	(933		)	7,908		6,975		1	(463	)	(462	)
Pimco VIT Commodity Real Return Strategy (Pinnacle Plus Reduced M&E )	(23		)	(2,649		)	4,443			1,771			2,120		(2,272		)	(2,283		)	(1		)	(2,436		)	(665		)	14,378		13,713		368	(819	)	(451	)
Pimco VIT Commodity Real Return Strategy (Pinnacle Plus )	(491		)	(12,269		)	21,494			8,734			—		(15,545		)	321			(28		)	(15,252		)	(6,518		)	72,829		66,311		96	(3,878	)	(3,782	)
Pimco VIT Foreign Bond (Pinnacle V )*	(58		)	(280		)	2			(336		)	15,000		—			(14,664		)	—			336			—			—		—		1,447	(1,447	)	—
Pimco VIT Long Term Government (AdvantEdge )	27			(10		)	(742		)	(725		)	—		(271		)	44,213			—			43,942			43,217			—		43,217		4,407	(28	)	4,379
Pimco VIT Long Term Government (AnnuiChoice II )	749			217			(2,380		)	(1,414		)	120		(51		)	9,507			(14		)	9,562			8,148			94,109		102,257		1,058	(191	)	867
Pimco VIT Long Term Government (Pinnacle )	166			(1,404		)	(1,255		)	(2,493		)	—		—			19,080			—			19,080			16,587			—		16,587		3,330	(1,665	)	1,665
Pimco VIT Long Term Government (Pinnacle IV )	5			(1		)	(417		)	(413		)	—		—			3,000			—			3,000			2,587			—		2,587		261	—		261
Pimco VIT Long Term Government (Pinnacle V )	14			(13		)	(1,210		)	(1,209		)	—		(399		)	16,418			—			16,019			14,810			—		14,810		1,534	(36	)	1,498
Pimco VIT Low Duration (AnnuiChoice II )	375			(249		)	159			285			1,559		(13,691		)	(10,445		)	(444		)	(23,021		)	(22,736		)	169,576		146,840		404	(2,408	)	(2,004	)
Pimco VIT Low Duration (AnnuiChoice )	11			—			(4		)	7			—		—			—			(5		)	(5		)	2			2,779		2,781		—	—		—
Pimco VIT Low Duration (GrandMaster flex3 )	(152		)	(74		)	(14		)	(240		)	—		—			—			(20		)	(20		)	(260		)	90,862		90,602		—	(2	)	(2	)
Pimco VIT Low Duration (Grandmaster )	86			(93		)	(142		)	(149		)	—		(329		)	7,690			(30		)	7,331			7,182			224,383		231,565		680	(32	)	648
Pimco VIT Low Duration (IQ Annuity )	(398		)	(300		)	(308		)	(1,006		)	—		(4,746		)	1,166			(47		)	(3,627		)	(4,633		)	603,667		599,034		135	(461	)	(326	)
Pimco VIT Low Duration (Pinnacle )	8			(2		)	(22		)	(16		)	—		(1,490		)	—			(38		)	(1,528		)	(1,544		)	25,702		24,158		—	(136	)	(136	)
Pimco VIT Low Duration (Pinnacle IV )	(42		)	(396		)	361			(77		)	—		(7,688		)	18,669			(28		)	10,953			10,876			54,255		65,131		1,931	(948	)	983
Pimco VIT Low Duration (AdvantEdge )	(162		)	(162		)	86			(238		)	—		(2,863		)	301			(74		)	(2,636		)	(2,874		)	75,312		72,438		40	(279	)	(239	)
Pimco VIT Low Duration (Pinnacle Plus Reduced M&E )	41			(411		)	383			13			—		(14,196		)	14,688			(33		)	459			472			12,505		12,977		1,454	(1,409	)	45
Pimco VIT Low Duration (Pinnacle Plus )	(7,403		)	(7,362		)	611			(14,154		)	3,664		(1,745,764		)	1,791,718			(664		)	48,954			34,800			21,236		56,036		708,303	(705,129	)	3,174
Pimco VIT Low Duration (Pinnacle V )	(1,443		)	(8,734		)	7,961			(2,216		)	162,638		(162,827		)	55,638			(1,523		)	53,926			51,710			832,739		884,449		23,868	(18,991	)	4,877
Pimco VIT Real Return (Pinnacle IV )	470			(1,142		)	3,374			2,702			—		(8,972		)	—			(34		)	(9,006		)	(6,304		)	77,006		70,702		—	(774	)	(774	)
Pimco VIT Real Return (AdvantEdge )	95			(996		)	1,965			1,064			—		(11,237		)	58			(142		)	(11,321		)	(10,257		)	33,220		22,963		113	(1,100	)	(987	)
Pimco VIT Real Return (AnnuiChoice II )	2,197			(1,329		)	6,289			7,157			120		(7,553		)	33,606			(150		)	26,023			33,180			177,438		210,618		2,825	(637	)	2,188
Pimco VIT Real Return (AnnuiChoice )	949			(2,068		)	4,679			3,560			—		(12,874		)	—			—			(12,874		)	(9,314		)	92,972		83,658		—	(1,073	)	(1,073	)
Pimco VIT Real Return (GrandMaster flex3 )	340			(207		)	1,686			1,819			—		(7,245		)	29,336			(35		)	22,056			23,875			49,933		73,808		2,522	(615	)	1,907
Pimco VIT Real Return (Grandmaster )	292			(2,100		)	2,664			856			—		(7,565		)	10,972			(23		)	3,384			4,240			28,599		32,839		1,098	(828	)	270
Pimco VIT Real Return (IQ Annuity )	1,728			(244		)	6,950			8,434			—		(4,809		)	181			(19		)	(4,647		)	3,787			236,927		240,714		34	(432	)	(398	)
Pimco VIT Real Return (Pinnacle )	712			(1,228		)	3,738			3,222			—		(7,870		)	3,967			(17		)	(3,920		)	(698		)	86,015		85,317		338	(664	)	(326	)
Pimco VIT Real Return (Pinnacle Plus Reduced M&E )	111			(511		)	1,089			689			3,979		(4,250		)	(7,807		)	(3		)	(8,081		)	(7,392		)	12,825		5,433		503	(1,265	)	(762	)
Pimco VIT Real Return (Pinnacle Plus )	321			(1,338		)	3,702			2,685			—		(20,662		)	6,116			(27		)	(14,573		)	(11,888		)	79,661		67,773		623	(1,888	)	(1,265	)
Pimco VIT Real Return (Pinnacle V )	4,953			(8,268		)	29,675			26,360			46,254		(44,080		)	15,729			(662		)	17,241			43,601			751,906		795,507		5,495	(3,981	)	1,514
Pimco VIT Total Return (Pinnacle V )	50,727			(73,998		)	136,732			113,461			961,304		(1,039,781		)	89,808			(55,660		)	(44,329		)	69,132			12,074,428		12,143,560		93,811	(97,634	)	(3,823	)
Pimco VIT Total Return (AdvantEdge )	14,238			(40,169		)	70,561			44,630			28,606		(442,696		)	(239,800		)	(24,443		)	(678,333		)	(633,703		)	4,201,525		3,567,822		14,265	(65,867	)	(51,602	)
Pimco VIT Total Return (AnnuiChoice II )	19,224			(8,476		)	16,172			26,920			320,099		(78,926		)	149,501			(11,663		)	379,011			405,931			2,144,259		2,550,190		36,391	(8,706	)	27,685
Pimco VIT Total Return (AnnuiChoice )	2,733			(139		)	1,653			4,247			—		—			—			(91		)	(91		)	4,156			273,763		277,919		—	(7	)	(7	)
Pimco VIT Total Return (GrandMaster flex3 )	2,942			(27,028		)	22,646			(1,440		)	—		(82,737		)	225,642			(418		)	142,487			141,047			420,360		561,407		37,530	(26,938	)	10,592
Pimco VIT Total Return (Grandmaster )	4,353			(3,399		)	8,275			9,229			—		(56,828		)	45,688			(164		)	(11,304		)	(2,075		)	666,094		664,019		4,045	(4,806	)	(761	)
Pimco VIT Total Return (IQ Annuity )	4,341			(2,768		)	6,513			8,086			3,004		(38,003		)	25,259			(258		)	(9,998		)	(1,912		)	849,668		847,756		3,536	(4,392	)	(856	)
Pimco VIT Total Return (Pinnacle )	3,752			(8,299		)	17,926			13,379			—		(233,778		)	32,936			(69		)	(200,911		)	(187,532		)	601,346		413,814		5,983	(20,784	)	(14,801	)
Pimco VIT Total Return (Pinnacle IV )	2,307			(11,638		)	14,927			5,596			—		(101,185		)	19,428			(185		)	(81,942		)	(76,346		)	484,153		407,807		2,793	(8,967	)	(6,174	)
Pimco VIT Total Return (Pinnacle Plus Reduced M&E )	768			(2,572		)	560			(1,244		)	4,147		(5,657		)	51,488			(23		)	49,955			48,711			35,996		84,707		9,472	(5,042	)	4,430
Pimco VIT Total Return (Pinnacle Plus )	1,748			(15,880		)	19,848			5,716			2,751		(177,893		)	120,003			(297		)	(55,436		)	(49,720		)	581,744		532,024		12,020	(16,301	)	(4,281	)
Investor Class:
Guggenheim VT Global Managed Future Strategy (Pinnacle )	(12		)	(1,597		)	888			(721		)	—		(5,368		)	(12,365		)	(8		)	(17,741		)	(18,462		)	19,857		1,395		—	(2,475	)	(2,475	)
Guggenheim VT Global Managed Future Strategy (Pinnacle IV )	65			670			(1,348		)	(613		)	—		(98		)	(11,141		)	(12		)	(11,251		)	(11,864		)	14,845		2,981		—	(1,548	)	(1,548	)
Guggenheim VT Global Managed Future Strategy (Pinnacle V )	3,704			(5,467		)	(28,416		)	(30,179		)	—		(29,886		)	(23,557		)	(561		)	(54,004		)	(84,183		)	231,867		147,684		2,687	(10,396	)	(7,709	)
Guggenheim VT Global Managed Futures Strategies (AdvantEdge )	2,231			(2,785		)	(17,441		)	(17,995		)	923		(5,461		)	9,797			(481		)	4,778			(13,217		)	111,907		98,690		2,213	(1,415	)	798
Guggenheim VT Global Managed Futures Strategies (AnnuiChoice II )	744			(359		)	(5,516		)	(5,131		)	—		(2,291		)	1,566			(110		)	(835		)	(5,966		)	33,437		27,471		279	(390	)	(111	)
See accompanying notes.
* - 2016 inception date of subaccount.

41

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Investor Class (continued):
Guggenheim VT Global Managed Futures Strategies (AnnuiChoice )	$	201		$	(116	)	$	(1,347	)	$	(1,262	)	$	—	$	—		$	(1,884	)	$	(3	)	$	(1,887	)	$	(3,149	)	$	9,928	$	6,779	—	(251	)	(251	)
Guggenheim VT Global Managed Futures Strategies (Grandmaster )	17			58			(216		)	(141		)	—		(48		)	(1,697		)	(2		)	(1,747		)	(1,888		)	2,570		682		—	(240	)	(240	)
Guggenheim VT Global Managed Futures Strategies (IQ Annuity )	(2		)	60			(64		)	(6		)	—		—			(1,105		)	—			(1,105		)	(1,111		)	1,111		—		—	(152	)	(152	)
Guggenheim VT Global Managed Futures Strategies (Pinnacle Plus Reduced M&E )	296			48			(1,502		)	(1,158		)	—		(37		)	4,736			—			4,699			3,541			5,603		9,144		753	(164	)	589
Guggenheim VT Global Managed Futures Strategies (Pinnacle Plus )	199			(1,476		)	(1,481		)	(2,758		)	—		(858		)	(6,145		)	(2		)	(7,005		)	(9,763		)	21,046		11,283		—	(1,056	)	(1,056	)
Guggenheim VT Multi-Hedge Strategies (AdvantEdge )	(1,744		)	726			(1,381		)	(2,399		)	4,000		(3,329		)	4,288			(649		)	4,310			1,911			119,062		120,973		1,541	(1,033	)	508
Guggenheim VT Multi-Hedge Strategies (AnnuiChoice II )	(431		)	925			(1,227		)	(733		)	—		(12,954		)	1,092			(181		)	(12,043		)	(12,776		)	42,321		29,545		215	(1,561	)	(1,346	)
Guggenheim VT Multi-Hedge Strategies (AnnuiChoice )	(967		)	85			(717		)	(1,599		)	—		(140		)	—			(98		)	(238		)	(1,837		)	108,177		106,340		1	(27	)	(26	)
Guggenheim VT Multi-Hedge Strategies (Grandmaster flex3 )	(257		)	28			(133		)	(362		)	—		(125		)	—			(20		)	(145		)	(507		)	17,900		17,393		—	(17	)	(17	)
Guggenheim VT Multi-Hedge Strategies (Grandmaster )	(366		)	2,484			(2,696		)	(578		)	—		—			(29,140		)	(16		)	(29,156		)	(29,734		)	48,395		18,661		680	(3,995	)	(3,315	)
Guggenheim VT Multi-Hedge Strategies (IQ Annuity )	(899		)	1,833			(2,268		)	(1,334		)	—		(601		)	(7,935		)	(50		)	(8,586		)	(9,920		)	74,110		64,190		139	(1,123	)	(984	)
Guggenheim VT Multi-Hedge Strategies (Pinnacle )	(853		)	217			(639		)	(1,275		)	—		(2,011		)	—			(27		)	(2,038		)	(3,313		)	69,189		65,876		—	(236	)	(236	)
Guggenheim VT Multi-Hedge Strategies (Pinnacle IV )	(195		)	105			(198		)	(288		)	—		(1,983		)	—			(35		)	(2,018		)	(2,306		)	15,307		13,001		—	(230	)	(230	)
Guggenheim VT Multi-Hedge Strategies (Pinnacle Plus Reduced M&E )	(322		)	302			(589		)	(609		)	—		(7,052		)	11,447			(4		)	4,391			3,782			26,279		30,061		1,056	(666	)	390
Guggenheim VT Multi-Hedge Strategies (Pinnacle Plus )	(244		)	892			(1,052		)	(404		)	—		(2,490		)	(11,447		)	(11		)	(13,948		)	(14,352		)	22,291		7,939		—	(1,640	)	(1,640	)
Guggenheim VT Multi-Hedge Strategies (Pinnacle V )	(1,286		)	550			(1,109		)	(1,845		)	—		(9,293		)	641			(107		)	(8,759		)	(10,604		)	96,780		86,176		112	(1,110	)	(998	)
Guggenheim VT Long Short Equity (AdvantEdge )	(259		)	65			24			(170		)	—		(340		)	—			(3		)	(343		)	(513		)	16,657		16,144		—	(36	)	(36	)
Guggenheim VT Long Short Equity (AnnuiChoice II )	(691		)	1,423			(1,098		)	(366		)	—		(1,807		)	(1,116		)	(135		)	(3,058		)	(3,424		)	62,890		59,466		87	(388	)	(301	)
Guggenheim VT Long Short Equity (AnnuiChoice )	(20		)	2			9			(9		)	—		—			—			(11		)	(11		)	(20		)	1,980		1,960		—	(1	)	(1	)
Guggenheim VT Long Short Equity (Grandmaster )	(26		)	1			8			(17		)	—		(46		)	—			(6		)	(52		)	(69		)	2,012		1,943		—	(6	)	(6	)
Guggenheim VT Long Short Equity (IQ Annuity )	(13		)	(1		)	(11		)	(25		)	—		—			(301		)	(3		)	(304		)	(329		)	1,029		700		1	(33	)	(32	)
Guggenheim VT Long Short Equity (Pinnacle )	(155		)	14			(25		)	(166		)	—		(529		)	(1,482		)	(26		)	(2,037		)	(2,203		)	13,545		11,342		—	(214	)	(214	)
Guggenheim VT Long Short Equity (Pinnacle IV )	(272		)	81			(1		)	(192		)	—		(1,903		)	—			(32		)	(1,935		)	(2,127		)	19,936		17,809		1	(196	)	(195	)
Guggenheim VT Long Short Equity (Pinnacle Plus Reduced M&E )	(78		)	3			41			(34		)	—		—			—			(4		)	(4		)	(38		)	6,974		6,936		—	—		—
Guggenheim VT Long Short Equity (Pinnacle Plus )	(56		)	(1		)	22			(35		)	—		—			—			(4		)	(4		)	(39		)	3,447		3,408		—	—		—
Guggenheim VT Long Short Equity (Pinnacle V )	(912		)	482			(171		)	(601		)	—		(7,345		)	166			(36		)	(7,215		)	(7,816		)	63,376		55,560		17	(744	)	(727	)
ETF Shares:
iShares Core US Aggregate Bond ETF (Varoom ® )	89			107			(80		)	116			—		(697		)	—			—			(697		)	(581		)	16,076		15,495		—	(25	)	(25	)
iShares Core US Aggregate Bond ETF (Varoom GLWB 2)	(94		)	351			(345		)	(88		)	—		(978		)	620			—			(358		)	(446		)	37,472		37,026		75	(89	)	(14	)
iShares Core US Aggregate Bond ETF (Varoom GLWB 3)	109			68			(297		)	(120		)	15,068		(3,104		)	—			—			11,964			11,844			15,241		27,085		581	(118	)	463
iShares Core US Aggregate Bond ETF (Varoom GLWB 5)	(2,126		)	5,080			(5,096		)	(2,142		)	54,178		(5,100		)	(92,063		)	—			(42,985		)	(45,127		)	551,757		506,630		2,930	(4,694	)	(1,764	)
iShares Intermediate Credit Bond ETF (Varoom GLWB 2)	(15		)	249			(173		)	61			—		(855		)	413			—			(442		)	(381		)	10,830		10,449		36	(53	)	(17	)
iShares Intermediate Credit Bond ETF (Varoom GLWB 3)	222			266			(226		)	262			34,976		(3,309		)	—			—			31,667			31,929			26,436		58,365		1,317	(123	)	1,194
iShares Intermediate Credit Bond ETF (Varoom GLWB 5)	(2,195		)	1,275			2,319			1,399			92,625		(4,935		)	168,666			—			256,356			257,755			493,932		751,687		10,719	(622	)	10,097
iShares TIPS Bond ETF (Varoom GLWB 2)	(211		)	35			526			350			—		—			427			—			427			777			18,642		19,419		44	(28	)	16
iShares TIPS Bond ETF (Varoom GLWB 3)	(43		)	6			279			242			15,068		(3,117		)	2,240			—			14,191			14,433			11,299		25,732		733	(130	)	603
iShares TIPS Bond ETF (Varoom GLWB 5)	(818		)	(2,952		)	4,857			1,087			7,653		(2,162		)	(48,105		)	—			(42,614		)	(41,527		)	104,900		63,373		455	(2,389	)	(1,934	)
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom)	204			69			359			632			—		(290		)	—			—			(290		)	342			5,612		5,954		—	(10	)	(10	)
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 2)	1,165			358			2,550			4,073			—		—			(482		)	—			(482		)	3,591			37,950		41,541		49	(62	)	(13	)
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 3)	3,453			290			6,735			10,478			—		(9,991		)	—			—			(9,991		)	487			97,976		98,463		—	(347	)	(347	)
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 5)	4,041			611			10,366			15,018			650		(5,112		)	(4,708		)	—			(9,170		)	5,848			149,356		155,204		78	(405	)	(327	)
iShares S&P 500 Growth ETF (Varoom)	(92		)	1,820			550			2,278			—		(2,576		)	(237		)	—			(2,813		)	(535		)	48,118		47,583		8	(72	)	(64	)
iShares S&P 500 Growth ETF (Varoom GLWB 1)	(1,167		)	5,337			2,307			6,477			28		(4,593		)	2,473			—			(2,092		)	4,385			141,201		145,586		156	(194	)	(38	)
iShares S&P 500 Growth ETF (Varoom GLWB 2)	(101		)	310			234			443			—		—			128			—			128			571			9,219		9,790		14	(10	)	4
iShares S&P 500 Growth ETF (Varoom GLWB 3)	(345		)	2,624			4,049			6,328			31,658		(5,281		)	8,776			—			35,153			41,481			97,065		138,546		951	(124	)	827
iShares S&P 500 Growth ETF (Varoom GLWB 4)	(16,586		)	25,973			65,450			74,837			86,637		(23,317		)	31,398			—			94,718			169,555			1,573,369		1,742,924		3,867	(1,426	)	2,441
iShares S&P 500 Growth ETF (Varoom GLWB 5)	(790		)	998			4,307			4,515			22,007		(130		)	14,071			—			35,948			40,463			37,498		77,961		955	(41	)	914
iShares Core S&P 500 Index ETF (Varoom)	474			5,596			3,574			9,644			—		(8,970		)	(979		)	—			(9,949		)	(305		)	102,799		102,494		8	(245	)	(237	)
iShares Core S&P 500 Index ETF (Varoom GLWB 1)	(1,632		)	65,364			22,126			85,858			83		(95,273		)	(12,111		)	—			(107,301		)	(21,443		)	960,768		939,325		652	(3,230	)	(2,578	)
iShares Core S&P 500 Index ETF (Varoom GLWB 2)	(96		)	1,147			1,623			2,674			—		—			(567		)	—			(567		)	2,107			27,634		29,741		32	(42	)	(10	)
iShares Core S&P 500 Index ETF (Varoom GLWB 3)	2,117			6,678			37,624			46,419			172,429		(185,338		)	152,379			—			139,470			185,889			457,704		643,593		3,832	(750	)	3,082
iShares Core S&P 500 Index ETF (Varoom GLWB 4)	(67,651		)	659,647			1,167,551			1,759,547			425,687		(748,368		)	(361,964		)	—			(684,645		)	1,074,902			18,608,590		19,683,492		19,255	(34,172	)	(14,917	)
iShares Core S&P 500 Index ETF (Varoom GLWB 5)	(6,225		)	25,017			90,967			109,759			156,484		(6,473		)	(27,170		)	—			122,841			232,600			1,094,382		1,326,982		4,306	(1,239	)	3,067
iShares S&P 500 Value Index ETF (Varoom GLWB 1)	(80		)	10,688			(6,568		)	4,040			—		(21,486		)	(880		)	—			(22,366		)	(18,326		)	47,540		29,214		18	(610	)	(592	)
iShares S&P 500 Value Index ETF (Varoom GLWB 2)	(12		)	584			770			1,342			—		—			(608		)	—			(608		)	734			9,249		9,983		11	(25	)	(14	)
iShares S&P 500 Value Index ETF (Varoom GLWB 3)	583			1,289			12,916			14,788			—		(3,864		)	—			—			(3,864		)	10,924			102,169		113,093		1	(99	)	(98	)
See accompanying notes.
* - 2016 inception date of subaccount.

42

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																				Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges		Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
ETF Shares (continued):
iShares S&P 500 Value Index ETF (Varoom GLWB 4)	$	(299	)	$	14,704		$	30,603		$	45,008		$	14,937	$	(8,152	)	$	(12,586	)	$	—	$	(5,801	)	$	39,207		$	304,243	$	343,450	575	(674	)	(99	)
iShares S&P 500 Value Index ETF (Varoom GLWB 5)	(157		)	11,278			(3,426		)	7,695			17,352		(130		)	(33,124		)	—		(15,902		)	(8,207		)	94,334		86,127		477	(970	)	(493	)
iShares Core S&P MidCap Index ETF (Varoom)	4			1,468			7,436			8,908			—		(2,235		)	(321		)	—		(2,556		)	6,352			49,738		56,090		8	(73	)	(65	)
iShares Core S&P MidCap Index ETF (Varoom GLWB 1)	(1,806		)	26,285			22,297			46,776			28		(30,205		)	(17,343		)	—		(47,520		)	(744		)	283,474		282,730		288	(1,481	)	(1,193	)
iShares Core S&P MidCap Index ETF (Varoom GLWB 2)	(733		)	3,771			12,754			15,792			—		(1,253		)	228			—		(1,025		)	14,767			85,241		100,008		194	(199	)	(5	)
iShares Core S&P MidCap Index ETF (Varoom GLWB 3)	(54		)	613			25,086			25,645			44,851		(44,701		)	39,904			—		40,054			65,699			141,079		206,778		983	(119	)	864
iShares Core S&P MidCap Index ETF (Varoom GLWB 4)	(43,703		)	303,144			641,732			901,173			131,815		(198,051		)	(343,726		)	—		(409,962		)	491,211			5,041,459		5,532,670		7,526	(16,427	)	(8,901	)
iShares Core S&P MidCap Index ETF (Varoom GLWB 5)	(4,042		)	16,198			57,330			69,486			62,324		(11,734		)	(16,631		)	—		33,959			103,445			344,926		448,371		2,218	(1,229	)	989
iShares Core S&P Small Cap Index ETF (Varoom)	(117		)	978			7,016			7,877			—		(1,170		)	(390		)	—		(1,560		)	6,317			33,457		39,774		4	(42	)	(38	)
iShares Core S&P Small Cap Index ETF (Varoom GLWB 1)	(1,389		)	17,643			14,261			30,515			14		(15,075		)	(12,577		)	—		(27,638		)	2,877			141,435		144,312		193	(848	)	(655	)
iShares Core S&P Small Cap Index ETF (Varoom GLWB 2)	(565		)	2,092			9,619			11,146			—		(628		)	13			—		(615		)	10,531			45,763		56,294		103	(107	)	(4	)
iShares Core S&P Small Cap Index ETF (Varoom GLWB 3)	(419		)	335			24,133			24,049			23,377		(21,903		)	28,790			—		30,264			54,313			87,813		142,126		710	(46	)	664
iShares Core S&P Small Cap Index ETF (Varoom GLWB 4)	(31,315		)	200,007			424,920			593,612			65,908		(100,280		)	(256,941		)	—		(291,313		)	302,299			2,522,003		2,824,302		4,095	(10,069	)	(5,974	)
iShares Core S&P Small Cap Index ETF (Varoom GLWB 5)	(4,646		)	18,860			63,163			77,377			45,623		(6,355		)	(26,936		)	—		12,332			89,709			296,171		385,880		1,688	(1,242	)	446
iShares International Treasury Bond (Varoom)	(203		)	(31		)	151			(83		)	—		(716		)	(81		)	—		(797		)	(880		)	17,495		16,615		15	(48	)	(33	)
iShares International Treasury Bond (Varoom GLWB 1)	(2,381		)	(1,238		)	2,699			(920		)	14		(15,104		)	2,633			—		(12,457		)	(13,377		)	145,537		132,160		597	(1,117	)	(520	)
iShares International Treasury Bond (Varoom GLWB 3)	(308		)	(462		)	248			(522		)	19,951		(25,529		)	18,710			—		13,132			12,610			27,217		39,827		892	(309	)	583
iShares International Treasury Bond (Varoom GLWB 4)	(49,973		)	(14,696		)	24,239			(40,430		)	65,908		(94,767		)	84,841			—		55,982			15,552			2,557,473		2,573,025		12,523	(9,745	)	2,778
iShares International Treasury Bond (Varoom GLWB 5)	(58		)	(7		)	12			(53		)	—		—			195			—		195			142			2,677		2,819		15	(6	)	9
Vanguard Dividend Appreciation Index Fund ETF (Varoom)	33			216			514			763			—		(398		)	—			—		(398		)	365			7,765		8,130		—	(10	)	(10	)
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 2)	(1,029		)	7,724			18,527			25,222			—		(3,105		)	(4,712		)	—		(7,817		)	17,405			277,580		294,985		114	(316	)	(202	)
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 3)	799			5,969			15,387			22,155			34,976		(17,269		)	459			—		18,166			40,321			217,828		258,149		985	(514	)	471
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 5)	(5,110		)	31,990			50,878			77,758			43,711		(35,057		)	(52,762		)	—		(44,108		)	33,650			905,307		938,957		1,148	(2,377	)	(1,229	)
Vanguard Emerging Markets Index Fund ETF (Varoom)	160			(60		)	1,769			1,869			—		—			—			—		—			1,869			18,285		20,154		—	—		—
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 2)	(41		)	(2,066		)	9,707			7,600			—		(1,860		)	(2,305		)	—		(4,165		)	3,435			66,984		70,419		482	(629	)	(147	)
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 3)	408			(885		)	6,598			6,121			—		(6,785		)	720			—		(6,065		)	56			63,037		63,093		29	(299	)	(270	)
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 5)	(516		)	(400		)	22,468			21,552			15,260		(6,113		)	5,828			—		14,975			36,527			196,694		233,221		2,193	(1,358	)	835
Vanguard Developed Markets Index FundETF (Varoom)	331			229			(337		)	223			—		(780		)	305			—		(475		)	(252		)	25,874		25,622		27	(44	)	(17	)
Vanguard Developed Markets Index FundETF (Varoom GLWB 1)	959			3,861			(4,259		)	561			14		(15,098		)	9,771			—		(5,313		)	(4,752		)	142,642		137,890		502	(693	)	(191	)
Vanguard Developed Markets Index FundETF (Varoom GLWB 2)	15			51			(56		)	10			—		—			182			—		182			192			3,061		3,253		11	(4	)	7
Vanguard Developed Markets Index FundETF (Varoom GLWB 3)	447			(899		)	877			425			20,437		(26,875		)	19,649			—		13,211			13,636			33,187		46,823		668	(235	)	433
Vanguard Developed Markets Index FundETF (Varoom GLWB 4)	13,341			27,131			(27,285		)	13,187			65,908		(95,797		)	164,562			—		134,673			147,860			2,531,483		2,679,343		9,382	(4,469	)	4,913
Vanguard Developed Markets Index FundETF (Varoom GLWB 5)	550			443			(132		)	861			19,014		(2,769		)	8,346			—		24,591			25,452			138,444		163,896		1,090	(223	)	867
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom)	258			201			143			602			—		(768		)	—			—		(768		)	(166		)	17,426		17,260		—	(25	)	(25	)
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 2)	193			282			288			763			—		—			(298		)	—		(298		)	465			29,895		30,360		13	(23	)	(10	)
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 3)	749			840			(453		)	1,136			30,137		(8,328		)	—			—		21,809			22,945			36,145		59,090		1,046	(286	)	760
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 5)	55			35			148			238			—		—			459			—		459			697			10,298		10,995		20	(4	)	16
Vanguard Large-Cap Index ETF (Varoom)	31			260			527			818			—		(433		)	—			—		(433		)	385			8,671		9,056		—	(10	)	(10	)
Vanguard Large-Cap Index ETF (Varoom GLWB 2)	(630		)	2,955			9,758			12,083			—		(1,238		)	2,532			—		1,294			13,377			128,227		141,604		146	(100	)	46
Vanguard Large-Cap Index ETF (Varoom GLWB 3)	89			318			4,184			4,591			—		(939		)	—			—		(939		)	3,652			48,847		52,499		—	(23	)	(23	)
Vanguard Large-Cap Index ETF (Varoom GLWB 5)	(3,130		)	13,470			32,826			43,166			33,334		(11,760		)	26,491			—		48,065			91,231			405,114		496,345		1,956	(660	)	1,296
Vanguard Mega Cap Index ETF (Varoom)	142			835			1,731			2,708			—		(1,216		)	—			—		(1,216		)	1,492			28,144		29,636		—	(29	)	(29	)
Vanguard Mega Cap Index ETF (Varoom GLWB 2)	(43		)	541			723			1,221			—		—			(448		)	—		(448		)	773			13,126		13,899		8	(18	)	(10	)
Vanguard Mega Cap Index ETF (Varoom GLWB 5)	(408		)	4,618			2,424			6,634			275		(1,426		)	(6,127		)	—		(7,278		)	(644		)	82,723		82,079		90	(273	)	(183	)
Vanguard REIT Index ETF (Varoom GLWB 2)	1,047			1,874			202			3,123			—		—			932			—		932			4,055			45,112		49,167		124	(89	)	35
Vanguard REIT Index ETF (Varoom GLWB 3)	1,459			951			1,054			3,464			9,954		—			912			—		10,866			14,330			40,306		54,636		326	(47	)	279
Vanguard REIT Index ETF (Varoom GLWB 5)	5,337			6,845			4,015			16,197			4,442		(8,057		)	41,270			—		37,655			53,852			220,465		274,317		1,613	(579	)	1,034
Vanguard Total Bond Market Index ETF (Varoom)	408			1,038			(888		)	558			—		(5,864		)	1,703			—		(4,161		)	(3,603		)	66,601		62,998		76	(228	)	(152	)
Vanguard Total Bond Market Index ETF (Varoom GLWB 1)	213			22,936			(20,825		)	2,324			97		(107,033		)	34,552			—		(72,384		)	(70,060		)	1,015,869		945,809		2,823	(5,560	)	(2,737	)
Vanguard Total Bond Market Index ETF (Varoom GLWB 2)	(692		)	2,213			(2,183		)	(662		)	—		(2,444		)	3,945			—		1,501			839			390,042		390,881		1,146	(1,099	)	47
Vanguard Total Bond Market Index ETF (Varoom GLWB 3)	2,003			2,235			(2,471		)	1,767			172,391		(193,117		)	133,337			—		112,611			114,378			340,846		455,224		7,004	(2,575	)	4,429
Vanguard Total Bond Market Index ETF (Varoom GLWB 4)	(31,227		)	65,893			(67,986		)	(33,320		)	461,353		(666,560		)	771,351			—		566,144			532,824			17,933,293		18,466,117		65,389	(42,995	)	22,394
Vanguard Total Bond Market Index ETF (Varoom GLWB 5)	(5,035		)	4,778			(5,508		)	(5,765		)	90,438		(41,363		)	66,910			—		115,985			110,220			1,287,594		1,397,814		7,424	(2,727	)	4,697
Vanguard VI Money Market (Varoom GLWB 3)	(222		)	(173		)	173			(222		)	—		—			(23,593		)	—		(23,593		)	(23,815		)	23,815		—		—	(2,567	)	(2,567	)
Vanguard VI Money Market (Varoom GLWB 5)	(75		)	(24		)	24			(75		)	—		—			(4,862		)	—		(4,862		)	(4,937		)	4,937		—		32	(584	)	(552	)
See accompanying notes.
* - 2016 inception date of subaccount.

43

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2016

	Inccrease (deccrease) in net assets from operations											Increase (decrease) in net assets from contract related transactions																	Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)		Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options		Contract maintenance charges		Net increase (decrease) in net assets from contract related transactions		Increase (decrease) in net assets		Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
ETF Shares (continued):
Vanguard Short Term Bond ETF (Varoom GLWB 3)	$	(311	)	$	346	$	(482	)	$	(447	)	$	15,068	$	(10,669	)	$	—	$	—	$	4,399	$	3,952	$	61,912	$	65,864	618	(438	)	180
Vanguard Short Term Bond ETF (Varoom GLWB 5)	(380		)	35		(89		)	(434		)	—		—			1,813		—		1,813		1,379		28,213		29,592		81	(4	)	77
See accompanying notes.
* - 2016 inception date of subaccount.

44

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Affiliated:
Touchstone Aggressive ETF (AdvantEdge )	$	(146	)	$	18,512		$	(23,352	)	$	(4,986	)	$	—	$	(36,353	)	$	(12,269	)	$	(3,217	)	$	(51,839	)	$	(56,825	)	$	403,891	$	347,066	28,777	(32,463	)	(3,686	)
Touchstone Aggressive ETF (AnnuiChoice ®)	2,637			1,293			(8,206		)	(4,276		)	—		(9,240		)	(1,673		)	(296		)	(11,209		)	(15,485		)	407,073		391,588		5,863	(6,523	)	(660	)
Touchstone Aggressive ETF (AnnuiChoice II )	2,648			55,879			(67,350		)	(8,823		)	80,885		(89,131		)	(22,664		)	(1,320		)	(32,230		)	(41,053		)	601,084		560,031		3,960	(5,652	)	(1,692	)
Touchstone Aggressive ETF (GrandMaster flex3 )	(612		)	111,474			(123,944		)	(13,082		)	180		(112,315		)	(131,798		)	(610		)	(244,543		)	(257,625		)	1,362,371		1,104,746		15,228	(30,246	)	(15,018	)
Touchstone Aggressive ETF (Grandmaster )	881			913			(5,966		)	(4,172		)	—		(6,888		)	—			(79		)	(6,967		)	(11,139		)	296,350		285,211		1,085	(1,512	)	(427	)
Touchstone Aggressive ETF (IQ Annuity )	306			81,167			(93,445		)	(11,972		)	38,204		(135,299		)	(35,016		)	(442		)	(132,553		)	(144,525		)	980,999		836,474		15,644	(23,810	)	(8,166	)
Touchstone Aggressive ETF (Pinnacle )	1,408			9,230			(20,366		)	(9,728		)	—		(99,936		)	(499		)	(51		)	(100,486		)	(110,214		)	791,169		680,955		—	(6,166	)	(6,166	)
Touchstone Aggressive ETF (Pinnacle IV )	360			82,687			(95,849		)	(12,802		)	17,450		(259,125		)	(74,547		)	(608		)	(316,830		)	(329,632		)	1,259,146		929,514		30	(19,613	)	(19,583	)
Touchstone Aggressive ETF (Pinnacle Plus Reduced M&E )	767			100			(3,261		)	(2,394		)	—		(470		)	53,160			(39		)	52,651			50,257			36,890		87,147		4,479	(1,008	)	3,471
Touchstone Aggressive ETF (Pinnacle Plus )	(842		)	12,612			(15,572		)	(3,802		)	—		(37,382		)	(53,682		)	(196		)	(91,260		)	(95,062		)	353,339		258,277		28	(5,777	)	(5,749	)
Touchstone Aggressive ETF (Pinnacle V )	921			67,831			(84,274		)	(15,522		)	188,679		(121,702		)	(55,858		)	(4,731		)	6,388			(9,134		)	869,180		860,046		18,357	(18,088	)	269
Touchstone Baron Small Cap Growth (Pinnacle )	(22,410		)	123,235			(227,182		)	(126,357		)	63,287		(268,973		)	(2,037,522		)	(1,903		)	(2,245,111		)	(2,371,468		)	2,371,468		—		1,465	(42,400	)	(40,935	)
Touchstone Baron Small Cap Growth (Pinnacle IV )	(26,286		)	74,237			(178,787		)	(130,836		)	50,868		(348,356		)	(2,194,722		)	(856		)	(2,493,066		)	(2,623,902		)	2,623,902		—		3,866	(82,483	)	(78,617	)
Touchstone Baron Small Cap Growth (Pinnacle II Reduced M&E )	(134		)	1,372			(2,251		)	(1,013		)	—		—			(16,363		)	(7		)	(16,370		)	(17,383		)	17,383		—		2,631	(2,929	)	(298	)
Touchstone Baron Small Cap Growth (Pinnacle V )	(27,712		)	61,727			(188,378		)	(154,363		)	393,968		(266,475		)	(2,364,122		)	(3,945		)	(2,240,574		)	(2,394,937		)	2,394,937		—		62,227	(199,724	)	(137,497	)
Touchstone Baron Small Cap Growth (AdvantEdge )	(6,084		)	10,409			(34,006		)	(29,681		)	44		(82,270		)	(421,687		)	(1,198		)	(505,111		)	(534,792		)	534,792		—		3,024	(30,887	)	(27,863	)
Touchstone Baron Small Cap Growth (AnnuiChoice II )	(4,457		)	2,487			(46,887		)	(48,857		)	127,548		(46,260		)	(640,656		)	(450		)	(559,818		)	(608,675		)	608,675		—		6,434	(35,090	)	(28,656	)
Touchstone Baron Small Cap Growth (AnnuiChoice )	(262		)	3,154			(3,308		)	(416		)	—		(1,593		)	(54,833		)	(46		)	(56,472		)	(56,888		)	56,888		—		18,965	(20,614	)	(1,649	)
Touchstone Baron Small Cap Growth (GrandMaster flex3 )	(5,053		)	75,424			(96,008		)	(25,637		)	83		(52,456		)	(352,225		)	(178		)	(404,776		)	(430,413		)	430,413		—		18,377	(32,387	)	(14,010	)
Touchstone Baron Small Cap Growth (Grandmaster )	(13,959		)	(44,238		)	(37,752		)	(95,949		)	2,518		(94,800		)	(1,244,295		)	(523		)	(1,337,100		)	(1,433,049		)	1,433,049		—		2,640	(55,649	)	(53,009	)
Touchstone Baron Small Cap Growth (IQ Annuity )	(15,878		)	367,261			(444,187		)	(92,804		)	702		(105,974		)	(1,257,888		)	(212		)	(1,363,372		)	(1,456,176		)	1,456,176		—		61,951	(107,793	)	(45,842	)
Touchstone Baron Small Cap Growth (Pinnacle Plus Reduced M&E )	(1,158		)	(7,692		)	(1,067		)	(9,917		)	—		(31,467		)	(75,787		)	(110		)	(107,364		)	(117,281		)	117,281		—		1,495	(7,503	)	(6,008	)
Touchstone Baron Small Cap Growth (Pinnacle Plus )	(9,211		)	(27,189		)	(7,165		)	(43,565		)	—		(41,763		)	(679,629		)	(578		)	(721,970		)	(765,535		)	765,535		—		8,159	(33,011	)	(24,852	)
Touchstone Conservative ETF (AdvantEdge )	(1,096		)	5,448			(8,040		)	(3,688		)	27,071		(120,815		)	(7,882		)	(819		)	(102,445		)	(106,133		)	223,364		117,231		5,421	(13,619	)	(8,198	)
Touchstone Conservative ETF (AnnuiChoice II )	1,107			23,967			(29,885		)	(4,811		)	2,900		(32,238		)	(6,600		)	(2,899		)	(38,837		)	(43,648		)	390,393		346,745		8,524	(11,178	)	(2,654	)
Touchstone Conservative ETF (AnnuiChoice )	55			608			(797		)	(134		)	—		(474		)	—			(17		)	(491		)	(625		)	11,646		11,021		37,178	(37,210	)	(32	)
Touchstone Conservative ETF (GrandMaster flex3 )	(84		)	44,695			(56,222		)	(11,611		)	—		(18,230		)	57,212			(111		)	38,871			27,260			711,058		738,318		30,952	(28,081	)	2,871
Touchstone Conservative ETF (Grandmaster )	242			11,436			(14,685		)	(3,007		)	2,864		(11,403		)	296			(24		)	(8,267		)	(11,274		)	195,615		184,341		1,321	(1,893	)	(572	)
Touchstone Conservative ETF (IQ Annuity )	1,326			95,472			(117,286		)	(20,488		)	114,131		(212,402		)	147,397			(677		)	48,449			27,961			1,237,666		1,265,627		10,931	(7,482	)	3,449
Touchstone Conservative ETF (Pinnacle )	621			23,498			(30,975		)	(6,856		)	290		(5,413		)	(1,569		)	(70		)	(6,762		)	(13,618		)	438,607		424,989		1,805	(2,271	)	(466	)
Touchstone Conservative ETF (Pinnacle IV )	(3,617		)	129,125			(141,811		)	(16,303		)	117,928		(732,981		)	(3,306		)	(311		)	(618,670		)	(634,973		)	1,836,421		1,201,448		—	(42,680	)	(42,680	)
Touchstone Conservative ETF (Pinnacle Plus Reduced M&E )	2,120			14,794			(22,699		)	(5,785		)	—		(14,614		)	255,317			(90		)	240,613			234,828			76,856		311,684		19,759	(78	)	19,681
Touchstone Conservative ETF (Pinnacle Plus )	(1,855		)	52,334			(73,677		)	(23,198		)	—		(228,797		)	366,865			(242		)	137,826			114,628			625,079		739,707		20,324	(11,159	)	9,165
Touchstone Conservative ETF Fund (Pinnacle V )	(7,976		)	286,246			(344,549		)	(66,279		)	226,467		(996,728		)	2,455			(11,986		)	(779,792		)	(846,071		)	3,974,847		3,128,776		45,250	(100,515	)	(55,265	)
Touchstone Active Bond (AdvantEdge )	1,389			(589		)	(7,111		)	(6,311		)	4,607		—			8,310			(1,975		)	10,942			4,631			215,705		220,336		20,454	(19,562	)	892
Touchstone Active Bond (AnnuiChoice II )	1,075			332			(3,270		)	(1,863		)	—		(19,203		)	23,629			(356		)	4,070			2,207			90,217		92,424		13,943	(13,611	)	332
Touchstone Active Bond (AnnuiChoice )	2,531			(1,726		)	(5,680		)	(4,875		)	137,258		(184,020		)	35,682			(12		)	(11,092		)	(15,967		)	233,809		217,842		24,571	(25,261	)	(690	)
Touchstone Active Bond (GrandMaster flex3 )	2,869			(425		)	(5,307		)	(2,863		)	—		(4,892		)	130,237			(80		)	125,265			122,402			50,414		172,816		22,640	(13,723	)	8,917
Touchstone Active Bond (Grandmaster )	(919		)	(9,096		)	9,033			(982		)	—		(35,498		)	(84,881		)	(63		)	(120,442		)	(121,424		)	152,431		31,007		71,194	(79,885	)	(8,691	)
Touchstone Active Bond (IQ Annuity )	1,591			(1,709		)	(2,324		)	(2,442		)	—		(25,627		)	76,234			(77		)	50,530			48,088			72,983		121,071		19,846	(16,386	)	3,460
Touchstone Active Bond (Pinnacle )	5,957			(1,649		)	(9,933		)	(5,625		)	8,499		(29,864		)	257,236			(49		)	235,822			230,197			124,296		354,493		25,693	(9,406	)	16,287
Touchstone Active Bond (Pinnacle IV )	15,755			(11,619		)	(27,329		)	(23,193		)	22,749		(120,972		)	622,075			(72		)	523,780			500,587			663,071		1,163,658		207,943	(171,260	)	36,683
Touchstone Active Bond (Pinnacle II Reduced M&E )	(23		)	(503		)	580			54			—		(8,786		)	(5		)	(5		)	(8,796		)	(8,742		)	8,742		—		374	(964	)	(590	)
Touchstone Active Bond (Pinnacle Plus Reduced M&E )	3,363			(30		)	(6,160		)	(2,827		)	—		(4,635		)	160,804			(51		)	156,118			153,291			27,282		180,573		17,647	(3,171	)	14,476
Touchstone Active Bond (Pinnacle Plus )	3,611			(2,962		)	(4,481		)	(3,832		)	—		(22,404		)	162,433			(65		)	139,964			136,132			96,171		232,303		38,266	(27,459	)	10,807
Touchstone Active Bond (PinnacleV )	12,547			(27,972		)	(19,241		)	(34,666		)	224,079		(224,772		)	353,598			(5,832		)	347,073			312,407			1,089,458		1,401,865		197,798	(170,262	)	27,536
Touchstone GMAB Aggressive ETF (AnnuiChoice II )	(422		)	35,783			(37,698		)	(2,337		)	—		(72,836		)	—			(389		)	(73,225		)	(75,562		)	239,121		163,559		—	(3,737	)	(3,737	)
Touchstone GMAB Aggressive ETF (Pinnacle IV )	(1,663		)	9,648			(15,889		)	(7,904		)	—		(12,500		)	—			(60		)	(12,560		)	(20,464		)	386,252		365,788		2,154	(2,806	)	(652	)
Touchstone GMAB Aggressive ETF (Pinnacle V )	(2,414		)	79,931			(77,142		)	375			—		(160,048		)	—			(30		)	(160,078		)	(159,703		)	361,966		202,263		—	(8,181	)	(8,181	)
Touchstone GMAB Conservative ETF (Pinnacle IV )	(1,250		)	14,342			(15,792		)	(2,700		)	—		(42,337		)	—			(77		)	(42,414		)	(45,114		)	141,643		96,529		—	(3,089	)	(3,089	)
Touchstone GMAB Conservative ETF (Pinnacle V )	(3,183		)	49,267			(51,294		)	(5,210		)	—		(152,181		)	—			(60		)	(152,241		)	(157,451		)	437,058		279,607		—	(10,921	)	(10,921	)
Touchstone GMAB Moderate ETF (Pinnacle IV )	(2,892		)	277,038			(291,870		)	(17,724		)	—		(404,256		)	—			(98		)	(404,354		)	(422,078		)	1,320,906		898,828		2	(24,054	)	(24,052	)
Touchstone GMAB Moderate ETF(Pinnacle V )	(7,457		)	413,579			(413,517		)	(7,395		)	—		(728,461		)	—			(109		)	(728,570		)	(735,965		)	1,635,249		899,284		275	(43,319	)	(43,044	)
Touchstone High Yield (AdvantEdge )	2,843			(9,108		)	5,386			(879		)	—		(1,366		)	(26,263		)	—			(27,629		)	(28,508		)	28,508		—		225,994	(227,950	)	(1,956	)
See accompanying notes.
* - 2015 inception date of subaccount.

45

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Affiliated (continued):
Touchstone High Yield (AnnuiChoice II )	$	3,117		$	(8,698	)	$	4,765		$	(816	)	$	—	$	(242	)	$	(27,594	)	$	(41	)	$	(27,877	)	$	(28,693	)	$	28,693	$	—	6,366	(8,224	)	(1,858	)
Touchstone High Yield (AnnuiChoice )	3,704			(19,702		)	14,258			(1,740		)	26,912		(77,342		)	(35,682		)	(12		)	(86,124		)	(87,864		)	87,864		—		6,926	(10,926	)	(4,000	)
Touchstone High Yield (GrandMaster flex3 )	14,177			(40,700		)	22,188			(4,335		)	—		(1,930		)	(130,055		)	(51		)	(132,036		)	(136,371		)	136,371		—		34,150	(40,938	)	(6,788	)
Touchstone High Yield (Grandmaster )	785			(1,896		)	885			(226		)	—		(361		)	(7,093		)	(5		)	(7,459		)	(7,685		)	7,685		—		35,749	(36,207	)	(458	)
Touchstone High Yield (IQ Annuity )	7,810			(28,672		)	19,211			(1,651		)	—		(53,214		)	(75,630		)	(115		)	(128,959		)	(130,610		)	130,610		—		31,549	(37,733	)	(6,184	)
Touchstone High Yield (Pinnacle )	28,175			(87,487		)	52,784			(6,528		)	—		(30,515		)	(284,669		)	(193		)	(315,377		)	(321,905		)	321,905		—		18,915	(34,805	)	(15,890	)
Touchstone High Yield (Pinnacle IV )	73,369			(235,456		)	144,908			(17,179		)	11,509		(287,159		)	(670,302		)	(178		)	(946,130		)	(963,309		)	963,309		—		305	(48,471	)	(48,166	)
Touchstone High Yield (Pinnacle II Reduced M&E )	(16		)	(479		)	664			169			—		(4,353		)	20			(3		)	(4,336		)	(4,167		)	4,167		—		4,261	(4,465	)	(204	)
Touchstone High Yield (Pinnacle Plus Reduced M&E )	14,909			(27,774		)	7,076			(5,789		)	—		(8,136		)	(41,138		)	(47		)	(49,321		)	(55,110		)	55,110		—		507	(5,042	)	(4,535	)
Touchstone High Yield (Pinnacle Plus )	18,623			(86,469		)	62,274			(5,572		)	—		(91,232		)	(351,236		)	(160		)	(442,628		)	(448,200		)	448,200		—		47	(25,941	)	(25,894	)
Touchstone High Yield (PinnacleV )	28,846			(100,917		)	64,146			(7,925		)	—		(146,208		)	(242,090		)	(403		)	(388,701		)	(396,626		)	396,626		—		135,251	(164,050	)	(28,799	)
Touchstone Large Cap Core Equity (AdvantEdge )	(128		)	8,379			(17,045		)	(8,794		)	144		(14,681		)	2,189			(835		)	(13,183		)	(21,977		)	167,638		145,661		1,977	(2,853	)	(876	)
Touchstone Large Cap Core Equity (AnnuiChoice II )	1,330			10,163			(21,512		)	(10,019		)	47,499		(13,560		)	28,397			(861		)	61,475			51,456			171,936		223,392		7,367	(3,535	)	3,832
Touchstone Large Cap Core Equity (AnnuiChoice )	160			1,844			(3,646		)	(1,642		)	—		(4,160		)	—			(29		)	(4,189		)	(5,831		)	35,740		29,909		6,291	(6,516	)	(225	)
Touchstone Large Cap Core Equity (GrandMaster flex3 )	9			555			(2,700		)	(2,136		)	—		(719		)	—			(37		)	(756		)	(2,892		)	39,530		36,638		1,826	(1,865	)	(39	)
Touchstone Large Cap Core Equity (Grandmaster )	245			659			(4,885		)	(3,981		)	—		(866		)	6,966			(34		)	6,066			2,085			71,905		73,990		4,538	(4,207	)	331
Touchstone Large Cap Core Equity (IQ Annuity )	353			5,747			(29,993		)	(23,893		)	396		(14,232		)	(589		)	(212		)	(14,637		)	(38,530		)	442,770		404,240		174	(1,009	)	(835	)
Touchstone Large Cap Core Equity (Pinnacle )	2,129			111,798			(187,761		)	(73,834		)	7,358		(209,272		)	(5,489		)	(350		)	(207,753		)	(281,587		)	1,600,771		1,319,184		40,853	(51,448	)	(10,595	)
Touchstone Large Cap Core Equity (Pinnacle IV )	(442		)	83,988			(110,922		)	(27,376		)	80		(184,010		)	607			(315		)	(183,638		)	(211,014		)	705,252		494,238		146,736	(156,182	)	(9,446	)
Touchstone Large Cap Core Equity (Pinnacle II Reduced M&E )	257			194			(3,175		)	(2,724		)	—		—			—			(19		)	(19		)	(2,743		)	53,774		51,031		3,010	(3,011	)	(1	)
Touchstone Large Cap Core Equity (Pinnacle Plus Reduced M&E )	595			2,713			(10,971		)	(7,663		)	—		(23,367		)	17,775			(178		)	(5,770		)	(13,433		)	145,993		132,560		3,338	(3,697	)	(359	)
Touchstone Large Cap Core Equity (Pinnacle Plus )	(484		)	17,309			(24,468		)	(7,643		)	—		(22,654		)	(17,775		)	(139		)	(40,568		)	(48,211		)	168,632		120,421		—	(2,073	)	(2,073	)
Touchstone Large Cap Core Equity (PinnacleV )	1,226			32,340			(75,223		)	(41,657		)	177,066		(56,920		)	24,698			(3,672		)	141,172			99,515			627,676		727,191		357,307	(346,696	)	10,611
Touchstone Focused (AdvantEdge )	(1,570		)	43,451			(61,278		)	(19,397		)	4		(15,487		)	590,950			(792		)	574,675			555,278			56,278		611,556		37,303	(2,719	)	34,584
Touchstone Focused (AnnuiChoice II )	(2,663		)	77,102			(110,959		)	(36,520		)	15,617		(27,725		)	1,112,864			(643		)	1,100,113			1,063,593			133,162		1,196,755		60,740	(4,254	)	56,486
Touchstone Focused (AnnuiChoice )	(1,761		)	41,254			(50,744		)	(11,251		)	—		(6,377		)	361,099			(144		)	354,578			343,327			149,488		492,815		55,851	(44,532	)	11,319
Touchstone Focused (GrandMaster flex3 )	(4,159		)	68,923			(95,551		)	(30,787		)	8		(10,185		)	906,309			(93		)	896,039			865,252			199,815		1,065,067		45,604	(15,053	)	30,551
Touchstone Focused (Grandmaster )	(4,263		)	92,142			(144,392		)	(56,513		)	5,301		(37,564		)	1,566,692			(159		)	1,534,270			1,477,757			162,893		1,640,650		64,955	(3,162	)	61,793
Touchstone Focused (IQ Annuity )	(6,991		)	197,886			(268,736		)	(77,841		)	493		(131,712		)	2,434,424			(175		)	2,303,030			2,225,189			364,505		2,589,694		150,226	(76,905	)	73,321
Touchstone Focused (Pinnacle )	(8,614		)	259,542			(384,720		)	(133,792		)	—		(71,228		)	4,050,018			(120		)	3,978,670			3,844,878			332,350		4,177,228		167,737	(27,570	)	140,167
Touchstone Focused (Pinnacle IV )	(17,595		)	302,995			(409,597		)	(124,197		)	144,201		(267,111		)	3,749,772			(512		)	3,626,350			3,502,153			968,613		4,470,766		141,395	(12,054	)	129,341
Touchstone Focused (Pinnacle II Reduced M&E )	(67		)	4,513			(7,364		)	(2,918		)	—		—			84,670			—			84,670			81,752			—		81,752		18,953	(16,000	)	2,953
Touchstone Focused (Pinnacle Plus Reduced M&E )	(3,734		)	45,328			(52,459		)	(10,865		)	—		(105,473		)	531,870			(744		)	425,653			414,788			386,982		801,770		26,591	(2,238	)	24,353
Touchstone Focused (Pinnacle Plus )	(16,325		)	241,670			(368,747		)	(143,402		)	—		(109,953		)	4,538,339			(360		)	4,428,026			4,284,624			293,007		4,577,631		164,808	(8,216	)	156,592
Touchstone Focused (PinnacleV )	(6,325		)	167,122			(261,662		)	(100,865		)	3,343		(58,323		)	2,954,398			(2,013		)	2,897,405			2,796,540			184,644		2,981,184		286,278	(101,658	)	184,620
Touchstone Moderate ETF (AdvantEdge )	3,044			140,556			(162,635		)	(19,035		)	—		(9,752		)	(10,364		)	(9,251		)	(29,367		)	(48,402		)	1,109,487		1,061,085		15,501	(17,659	)	(2,158	)
Touchstone Moderate ETF (AnnuiChoice II )	5,986			130,535			(147,183		)	(10,662		)	4,894		(54,270		)	(11,802		)	(2,731		)	(63,909		)	(74,571		)	899,245		824,674		25,027	(29,661	)	(4,634	)
Touchstone Moderate ETF (AnnuiChoice )	2,108			30,400			(35,181		)	(2,673		)	—		(4,826		)	7			(132		)	(4,951		)	(7,624		)	236,686		229,062		20,641	(20,940	)	(299	)
Touchstone Moderate ETF (GrandMaster flex3 )	199			177,157			(191,680		)	(14,324		)	—		(42,269		)	(189,092		)	(417		)	(231,778		)	(246,102		)	926,290		680,188		14,768	(29,942	)	(15,174	)
Touchstone Moderate ETF (Grandmaster )	539			24,794			(27,336		)	(2,003		)	2,358		(10,204		)	(17,730		)	(17		)	(25,593		)	(27,596		)	163,555		135,959		987	(2,605	)	(1,618	)
Touchstone Moderate ETF (IQ Annuity )	5,804			181,993			(209,763		)	(21,966		)	50,459		(54,554		)	(4,269		)	(840		)	(9,204		)	(31,170		)	1,321,883		1,290,713		5,706	(6,333	)	(627	)
Touchstone Moderate ETF (Pinnacle )	2,196			83,100			(92,789		)	(7,493		)	—		(98,589		)	220			(118		)	(98,487		)	(105,980		)	548,673		442,693		4	(6,296	)	(6,292	)
Touchstone Moderate ETF (Pinnacle IV )	4,893			367,282			(399,886		)	(27,711		)	80,783		(593,693		)	4,417			(535		)	(509,028		)	(536,739		)	2,188,094		1,651,355		1,367	(34,043	)	(32,676	)
Touchstone Moderate ETF (Pinnacle II Reduced M&E )	(52		)	2,628			(2,256		)	320			—		(12,871		)	—			(3		)	(12,874		)	(12,554		)	12,554		—		—	(791	)	(791	)
Touchstone Moderate ETF (Pinnacle Plus Reduced M&E )	5,955			89,157			(103,269		)	(8,157		)	101,291		(158,224		)	253,312			(709		)	195,670			187,513			427,030		614,543		14,602	(259	)	14,343
Touchstone Moderate ETF (Pinnacle Plus )	(2,633		)	385,607			(392,297		)	(9,323		)	—		(269,698		)	(378,532		)	(1,297		)	(649,527		)	(658,850		)	1,530,095		871,245		2,724	(44,879	)	(42,155	)
Touchstone Moderate ETF (Pinnacle V )	6,487			307,699			(351,898		)	(37,712		)	509,215		(274,729		)	(28,995		)	(4,786		)	200,705			162,993			1,688,058		1,851,051		77,595	(62,917	)	14,678
Touchstone Money Market (AdvantEdge )	(5,014		)	—			—			(5,014		)	—		(22,579		)	(1,424,212		)	(112		)	(1,446,903		)	(1,451,917		)	1,451,917		—		86,503	(243,059	)	(156,556	)
Touchstone Money Market (AnnuiChoice II )	(1,085		)	—			—			(1,085		)	—		(14,743		)	(369,870		)	(14		)	(384,627		)	(385,712		)	385,712		—		24,304	(65,250	)	(40,946	)
Touchstone Money Market (AnnuiChoice )	(1,350		)	—			—			(1,350		)	3,559		(3,935		)	(433,766		)	(159		)	(434,301		)	(435,651		)	435,651		—		32,609	(72,664	)	(40,055	)
Touchstone Money Market (GrandMaster flex3 )	(2,988		)	—			—			(2,988		)	29,945		(35,783		)	(1,576,241		)	(152		)	(1,582,231		)	(1,585,219		)	1,585,219		—		627	(158,321	)	(157,694	)
Touchstone Money Market (Grandmaster )	(7,356		)	—			—			(7,356		)	—		(43,950		)	(1,952,551		)	(193		)	(1,996,694		)	(2,004,050		)	2,004,050		—		78,935	(273,202	)	(194,267	)
Touchstone Money Market (IQ3 )	(10,364		)	—			(4		)	(10,368		)	2,000		(98,143		)	(7,028,793		)	(233		)	(7,125,169		)	(7,135,537		)	7,135,537		—		167,704	(861,504	)	(693,800	)
Touchstone Money Market (Pinnacle )	(5,504		)	—			(2		)	(5,506		)	14,924		(80,489		)	(1,284,012		)	(182		)	(1,349,759		)	(1,355,265		)	1,355,265		—		31,980	(163,371	)	(131,391	)
Touchstone Money Market (Pinnacle IV )	(7,196		)	—			—			(7,196		)	1,905		(86,133		)	(1,611,929		)	(493		)	(1,696,650		)	(1,703,846		)	1,703,846		—		355,854	(523,171	)	(167,317	)
Touchstone Money Market (Pinnacle II Reduced M&E )	(97		)	—			—			(97		)	—		—			(28,350		)	(9		)	(28,359		)	(28,456		)	28,456		—		221	(2,960	)	(2,739	)
See accompanying notes.
* - 2015 inception date of subaccount.

46

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Affiliated (continued):
Touchstone Money Market (Pinnacle Plus Reduced M&E )	$	(605	)	$	—		$	—		$	(605	)	$	—	$	(1,512	)	$	(165,716	)	$	(83	)	$	(167,311	)	$	(167,916	)	$	167,916	$	—	9,622	(27,236	)	(17,614	)
Touchstone Money Market (Pinnacle Plus )	(497		)	—			—			(497		)	—		(30,642		)	(102,445		)	(34		)	(133,121		)	(133,618		)	133,618		—		34,562	(49,178	)	(14,616	)
Touchstone Money Market (Pinnacle V )	(5,738		)	—			(2		)	(5,740		)	400		(593,859		)	(821,608		)	(134		)	(1,415,201		)	(1,420,941		)	1,420,941		—		995,263	(1,149,624	)	(154,361	)
Touchstone Third Avenue Value (AdvantEdge )	4,251			(8,171		)	(7,688		)	(11,608		)	—		(34,111		)	(154,957		)	(734		)	(189,802		)	(201,410		)	201,410		—		—	(17,829	)	(17,829	)
Touchstone Third Avenue Value (AnnuiChoice II )	8,454			9,460			(33,972		)	(16,058		)	2,800		(45,798		)	(250,342		)	(378		)	(293,718		)	(309,776		)	309,776		—		27,242	(53,601	)	(26,359	)
Touchstone Third Avenue Value (AnnuiChoice )	8,496			1,402			(25,792		)	(15,894		)	—		(2,786		)	(240,273		)	(194		)	(243,253		)	(259,147		)	259,147		—		52,695	(65,469	)	(12,774	)
Touchstone Third Avenue Value (GrandMaster flex3 )	16,453			35,710			(93,513		)	(41,350		)	—		(54,491		)	(553,281		)	(246		)	(608,018		)	(649,368		)	649,368		—		103	(33,932	)	(33,829	)
Touchstone Third Avenue Value (Grandmaster )	14,253			29,914			(81,126		)	(36,959		)	9,176		(89,918		)	(584,606		)	(107		)	(665,455		)	(702,414		)	702,414		—		935	(42,242	)	(41,307	)
Touchstone Third Avenue Value (IQ Annuity )	37,431			178,698			(304,027		)	(87,898		)	440		(143,411		)	(1,217,503		)	(368		)	(1,360,842		)	(1,448,740		)	1,448,740		—		27,112	(103,571	)	(76,459	)
Touchstone Third Avenue Value (Pinnacle )	64,682			122,197			(338,210		)	(151,331		)	18,623		(218,033		)	(2,167,106		)	1,833			(2,364,683		)	(2,516,014		)	2,516,014		—		27,842	(70,915	)	(43,073	)
Touchstone Third Avenue Value (Pinnacle IV )	46,636			62,435			(231,000		)	(121,929		)	17,605		(346,139		)	(1,588,171		)	(761		)	(1,917,466		)	(2,039,395		)	2,039,395		—		10,899	(114,381	)	(103,482	)
Touchstone Third Avenue Value (Pinnacle II Reduced M&E )	2,361			1,393			(8,244		)	(4,490		)	—		—			(68,307		)	(63		)	(68,370		)	(72,860		)	72,860		—		6,983	(8,221	)	(1,238	)
Touchstone Third Avenue Value (Pinnacle Plus Reduced M&E )	11,379			(47,523		)	21,751			(14,393		)	—		(73,242		)	(142,550		)	(155		)	(215,947		)	(230,340		)	230,340		—		12,610	(30,445	)	(17,835	)
Touchstone Third Avenue Value (Pinnacle Plus )	2,516			(88,826		)	62,647			(23,663		)	—		(121,321		)	(327,817		)	(170		)	(449,308		)	(472,971		)	472,971		—		51	(23,626	)	(23,575	)
Touchstone Third Avenue Value (Pinnacle V )	16,479			6,262			(74,117		)	(51,376		)	29,555		(165,839		)	(620,166		)	(1,259		)	(757,709		)	(809,085		)	809,085		—		3,596	(87,406	)	(83,810	)
Non-Affiliated Initial Class:
Fidelity VIP Balanced (Pinnacle )	588			47,877			(55,168		)	(6,703		)	—		(89,850		)	(17		)	(323		)	(90,190		)	(96,893		)	1,093,849		996,956		2,533	(8,558	)	(6,025	)
Fidelity VIP Balanced (Grandmaster )	872			90,033			(96,143		)	(5,238		)	—		(143,851		)	(169,864		)	(495		)	(314,210		)	(319,448		)	1,548,984		1,229,536		—	(12,855	)	(12,855	)
Fidelity VIP Overseas (Pinnacle )	(156		)	(5,009		)	8,374			3,209			—		(20,883		)	—			(21		)	(20,904		)	(17,695		)	110,112		92,417		5,926	(8,048	)	(2,122	)
Fidelity VIP Overseas (Pinnacle IV )	(176		)	2,985			625			3,434			—		(3,897		)	—			(41		)	(3,938		)	(504		)	154,588		154,084		—	(402	)	(402	)
Fidelity VIP Equity-Income (Grandmaster )	136,171			568,186			(1,115,638		)	(411,281		)	181,324		(1,022,570		)	(220,026		)	(2,079		)	(1,063,351		)	(1,474,632		)	8,702,827		7,228,195		6,223	(19,811	)	(13,588	)
Fidelity VIP Equity-Income (Pinnacle )	19,156			100,917			(182,529		)	(62,456		)	—		(141,655		)	(26,081		)	(370		)	(168,106		)	(230,562		)	1,269,952		1,039,390		9,030	(16,750	)	(7,720	)
Fidelity VIP Equity-Income (Pinnacle II Reduced M&E )	299			1,318			(2,335		)	(718		)	—		—			—			—			—			(718		)	14,335		13,617		239	(239	)	—
Fidelity VIP Growth (Grandmaster )	(51,473		)	539,364			(219,174		)	268,717			—		(589,397		)	(97,389		)	(1,648		)	(688,434		)	(419,717		)	4,819,640		4,399,923		4,366	(10,985	)	(6,619	)
Fidelity VIP High Income (Grandmaster )	86,793			(9,159		)	(162,306		)	(84,672		)	52,042		(228,812		)	(73,028		)	(539		)	(250,337		)	(335,009		)	1,887,809		1,552,800		72,684	(82,772	)	(10,088	)
Fidelity VIP II Asset Manager (Grandmaster )	7,190			275,589			(319,434		)	(36,655		)	68,159		(254,692		)	(25,975		)	(1,249		)	(213,757		)	(250,412		)	3,622,951		3,372,539		16,049	(20,293	)	(4,244	)
Fidelity VIP II Contrafund (Grandmaster )	(36,645		)	1,244,660			(1,251,774		)	(43,759		)	73,214		(1,087,768		)	(199,262		)	(2,687		)	(1,216,503		)	(1,260,262		)	10,864,487		9,604,225		17,168	(35,669	)	(18,501	)
Fidelity VIP II Contrafund (Pinnacle )	(19,913		)	948,929			(950,601		)	(21,585		)	71,656		(852,289		)	(23,919		)	(1,705		)	(806,257		)	(827,842		)	5,419,706		4,591,864		18,052	(42,338	)	(24,286	)
Fidelity VIP II Contrafund (Pinnacle II Reduced M&E )	(39		)	5,173			(5,069		)	65			—		(4,658		)	—			(9		)	(4,667		)	(4,602		)	41,632		37,030		61	(195	)	(134	)
Fidelity VIP II Index 500 (Grandmaster )	18,634			271,105			(281,378		)	8,361			—		(510,766		)	(81,399		)	(1,040		)	(593,205		)	(584,844		)	3,785,017		3,200,173		8,634	(20,004	)	(11,370	)
Fidelity VIP II Index 500 (IQ3 )	185			148			(341		)	(8		)	—		—			—			(27		)	(27		)	(35		)	27,011		26,976		—	(1	)	(1	)
Fidelity VIP II Index 500 (Pinnacle )	8,227			119,172			(126,572		)	827			—		(491,938		)	(56,239		)	(569		)	(548,746		)	(547,919		)	2,431,478		1,883,559		—	(37,441	)	(37,441	)
Fidelity VIP II Index 500 (Pinnacle IV )	120			147			(293		)	(26		)	—		—			—			(3		)	(3		)	(29		)	20,083		20,054		1,466	(1,466	)	—
Fidelity VIP II Index 500 (Pinnacle II Reduced M&E )	196			1,401			(1,452		)	145			—		(3,684		)	—			(12		)	(3,696		)	(3,551		)	26,012		22,461		385	(630	)	(245	)
Fidelity VIP II Investment Grade Bond (Pinnacle )	8,129			5,639			(28,227		)	(14,459		)	—		(114,253		)	—			(355		)	(114,608		)	(129,067		)	837,508		708,441		6,829	(15,562	)	(8,733	)
Fidelity VIP II Investment Grade Bond (Pinnacle IV )	4,951			21,645			(41,729		)	(15,133		)	—		(593,193		)	—			(150		)	(593,343		)	(608,476		)	1,311,647		703,171		8,850	(54,268	)	(45,418	)
Fidelity VIP II Investment Grade Bond (Pinnacle II Reduced M&E )	28			(26		)	78			80			—		(4,766		)	—			(8		)	(4,774		)	(4,694		)	4,694		—		—	(354	)	(354	)
Fidelity VIP II Investment Grade Bond (AnnuiChoice )	78			1,583			(1,616		)	45			—		(25,973		)	—			(21		)	(25,994		)	(25,949		)	32,912		6,963		—	(1,908	)	(1,908	)
Fidelity VIP II Investment Grade Bond (Grandmaster flex3 )	204			1,624			(2,149		)	(321		)	—		(22,549		)	—			(6		)	(22,555		)	(22,876		)	41,461		18,585		—	(1,732	)	(1,732	)
Fidelity VIP II Investment Grade Bond (Grandmaster )	11,720			8,700			(38,716		)	(18,296		)	—		(176,120		)	(20,118		)	(339		)	(196,577		)	(214,873		)	1,215,687		1,000,814		3,290	(8,841	)	(5,551	)
Fidelity VIP II Investment Grade Bond (IQ Annuity )	392			408			(1,590		)	(790		)	—		(2,832		)	—			(35		)	(2,867		)	(3,657		)	40,122		36,465		4,684	(4,906	)	(222	)
Fidelity VIP II Investment Grade Bond (Pinnacle Plus Reduced M&E )	941			843			(2,907		)	(1,123		)	—		(12,079		)	(12,299		)	(122		)	(24,500		)	(25,623		)	93,754		68,131		68	(2,267	)	(2,199	)
Fidelity VIP II Investment Grade Bond (Pinnacle Plus )	36			10			(135		)	(89		)	—		(127		)	—			(4		)	(131		)	(220		)	4,100		3,880		159	(169	)	(10	)
Fidelity VIP Overseas (AnnuiChoice )	5			10			27			42			—		—			—			(2		)	(2		)	40			1,635		1,675		2,399	(2,399	)	—
Fidelity VIP Overseas (Grandmaster flex3 )	(63		)	260			423			620			—		—			—			(10		)	(10		)	610			30,661		31,271		1	(2	)	(1	)
Fidelity VIP Overseas (Grandmaster )	(1,145		)	(47,058		)	85,156			36,953			—		(160,657		)	(29,393		)	(476		)	(190,526		)	(153,573		)	1,501,237		1,347,664		—	(5,017	)	(5,017	)
Fidelity VIP Overseas (IQ Annuity )	(19		)	12			385			378			—		—			—			(9		)	(9		)	369			17,820		18,189		32	(33	)	(1	)
Fidelity VIP Overseas (Pinnacle Plus Reduced M&E )	571			103			(2,469		)	(1,795		)	—		(402		)	61,078			(25		)	60,651			58,856			3,404		62,260		4,830	(2	)	4,828
Fidelity VIP Overseas (Pinnacle Plus )	(657		)	8,080			(4,237		)	3,186			—		(245		)	(61,078		)	(42		)	(61,365		)	(58,179		)	62,625		4,446		—	(6,431	)	(6,431	)
Non-Affiliated Service Class:
Fidelity VIP Growth (Pinnacle )	(4,946		)	59,549			(30,167		)	24,436			—		(86,356		)	—			(177		)	(86,533		)	(62,097		)	455,955		393,858		—	(5,703	)	(5,703	)
Fidelity VIP III Mid Cap (Grandmaster )	(15,488		)	203,606			(227,886		)	(39,768		)	—		(107,531		)	—			(287		)	(107,818		)	(147,586		)	1,648,540		1,500,954		5,222	(7,198	)	(1,976	)
Fidelity VIP III Mid Cap (Pinnacle )	(22,570		)	387,770			(407,389		)	(42,189		)	—		(256,623		)	(188,547		)	(417		)	(445,587		)	(487,776		)	2,538,577		2,050,801		2,684	(10,612	)	(7,928	)
Fidelity VIP III Mid Cap (Pinnacle II Reduced M&E )	(19		)	1,149			(1,037		)	93			—		(4,008		)	—			(14		)	(4,022		)	(3,929		)	7,676		3,747		—	(70	)	(70	)
Fidelity VIP Government Money Market IC (Pinacle )	(10,690		)	—			—			(10,690		)	12,763		(130,819		)	1,055,722			(432		)	937,234			926,544			—		926,544		243,717	(150,210	)	93,507
Fidelity VIP Government Money Market IC (Pinacle II )	(136		)	—			—			(136		)	—		(10,060		)	28,536			(5		)	18,471			18,335			—		18,335		2,710	(863	)	1,847
See accompanying notes.
* - 2015 inception date of subaccount.

47

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Service Class (Continued):
Fidelity VIP Government Money Market IC (Pinacle IV )	$	(13,265	)	$	—		$	—		$	(13,265	)	$	80	$	(630,043	)	$	1,843,658		$	(2,525	)	$	1,211,170		$	1,197,905		$	—	$	1,197,905	611,270	(490,292	)	120,978
Fidelity VIP Government Money Market IC (Pinacle V )	(9,660		)	—			—			(9,660		)	800		(341,309		)	1,087,588			(131		)	746,948			737,288			—		737,288		1,443,578	(1,369,066	)	74,512
Fidelity VIP Government Money Market IC (Pinnacle Plus )	(2,334		)	—			—			(2,334		)	—		(54,435		)	250,688			(327		)	195,926			193,592			—		193,592		76,175	(56,594	)	19,581
Fidelity VIP Government Money Market IC (Pinnacle Plus )	(1,438		)	—			—			(1,438		)	—		(6,413		)	200,623			(96		)	194,114			192,676			—		192,676		32,650	(13,232	)	19,418
Fidelity VIP Government Money Market IC (GrandMaster )	(16,303		)	—			—			(16,303		)	8		(276,116		)	2,001,844			(664		)	1,725,072			1,708,769			—		1,708,769		380,421	(207,994	)	172,427
Fidelity VIP Government Money Market IC (GrandMaster flex3 )	(10,815		)	—			—			(10,815		)	—		(83,962		)	1,519,319			(55		)	1,435,302			1,424,487			—		1,424,487		304,299	(160,339	)	143,960
Fidelity VIP Government Money Market IC (AdvantEdge )	(11,825		)	—			—			(11,825		)	—		(100,584		)	1,273,696			(235		)	1,172,877			1,161,052			—		1,161,052		399,601	(282,222	)	117,379
Fidelity VIP Government Money Market IC (AnnuiChoice )	(2,477		)	—			—			(2,477		)	877		(217,205		)	423,106			(652		)	206,126			203,649			—		203,649		143,132	(122,630	)	20,502
Fidelity VIP Government Money Market IC (AnnuiChoice 2 )	(1,711		)	—			—			(1,711		)	—		(11,114		)	213,637			(36		)	202,487			200,776			—		200,776		111,107	(90,873	)	20,234
Fidelity VIP Government Money Market IC (IQ3 )	(40,638		)	—			(77		)	(40,715		)	59,028		(816,326		)	6,959,496			(490		)	6,201,708			6,160,993			—		6,160,993		764,141	(141,936	)	622,205
Non-Affiliated Service Class 2:
Fidelity VIP Asset Manager (IQ3 )	(704		)	28,179			(26,513		)	962			73,120		(155,759		)	(136		)	(143		)	(82,918		)	(81,956		)	182,691		100,735		3,126	(8,075	)	(4,949	)
Fidelity VIP Asset Manager (AdvantEdge )	(158		)	7,495			(9,947		)	(2,610		)	22,464		—			(1,861		)	(821		)	19,782			17,172			79,938		97,110		1,913	(446	)	1,467
Fidelity VIP Asset Manager (AnnuiChoice II )	323			15,373			(17,696		)	(2,000		)	—		(6,615		)	(387		)	(502		)	(7,504		)	(9,504		)	179,960		170,456		1,997	(2,485	)	(488	)
Fidelity VIP Asset Manager (AnnuiChoice )	172			7,282			(7,808		)	(354		)	—		(11,866		)	113			(53		)	(11,806		)	(12,160		)	72,891		60,731		1,422	(2,068	)	(646	)
Fidelity VIP Asset Manager (GrandMaster flex3 )	(145		)	2,646			(2,884		)	(383		)	—		(404		)	(9,675		)	(11		)	(10,090		)	(10,473		)	23,730		13,257		4,547	(5,200	)	(653	)
Fidelity VIP Asset Manager (Pinnacle )	(32		)	1,894			(2,147		)	(285		)	—		(2,651		)	(10,494		)	(89		)	(13,234		)	(13,519		)	43,598		30,079		246	(1,061	)	(815	)
Fidelity VIP Asset Manager (Pinnacle IV )	(1,256		)	17,553			(18,282		)	(1,985		)	—		(129,574		)	2,407			(172		)	(127,339		)	(129,324		)	360,197		230,873		10,988	(18,907	)	(7,919	)
Fidelity VIP Asset Manager (Pinnacle Plus Reduced M&E )	(19		)	1,797			(2,399		)	(621		)	—		(19,464		)	8,369			(51		)	(11,146		)	(11,767		)	43,748		31,981		3,445	(4,318	)	(873	)
Fidelity VIP Asset Manager (Pinnacle Plus )	(472		)	3,945			(3,742		)	(269		)	—		(24,797		)	(8,369		)	(13		)	(33,179		)	(33,448		)	82,016		48,568		798	(2,807	)	(2,009	)
Fidelity VIP Asset Manager (Pinnacle V )	(1,495		)	32,049			(31,814		)	(1,260		)	950		(141,274		)	23,579			(1,357		)	(118,102		)	(119,362		)	375,765		256,403		16,246	(24,928	)	(8,682	)
Fidelity VIP Balanced (AdvantEdge )	(3,488		)	16,484			(21,959		)	(8,963		)	—		(158,612		)	(48,307		)	(4,440		)	(211,359		)	(220,322		)	724,362		504,040		28	(14,610	)	(14,582	)
Fidelity VIP Balanced (AnnuiChoice II )	3,822			19,745			(29,325		)	(5,758		)	122,893		(29,892		)	367,187			(266		)	459,922			454,164			469,442		923,606		36,304	(7,980	)	28,324
Fidelity VIP Balanced (AnnuiChoice )	718			14,347			(16,879		)	(1,814		)	—		(37,172		)	(23		)	(153		)	(37,348		)	(39,162		)	314,946		275,784		3,388	(5,266	)	(1,878	)
Fidelity VIP Balanced (GrandMaster flex3 )	(399		)	4,652			(5,918		)	(1,665		)	—		(5,410		)	(4,391		)	(69		)	(9,870		)	(11,535		)	124,875		113,340		1,239	(1,756	)	(517	)
Fidelity VIP Balanced (Grandmaster )	(1,158		)	45,419			(42,073		)	2,188			440		(31,719		)	18,322			(140		)	(13,097		)	(10,909		)	442,548		431,639		38,866	(39,227	)	(361	)
Fidelity VIP Balanced (IQ3 )	(335		)	8,400			(9,987		)	(1,922		)	11,725		(36,194		)	(333		)	(171		)	(24,973		)	(26,895		)	211,365		184,470		3,996	(5,408	)	(1,412	)
Fidelity VIP Balanced (Pinnacle )	(345		)	23,094			(24,902		)	(2,153		)	8,097		(72,826		)	(2,224		)	(152		)	(67,105		)	(69,258		)	387,386		318,128		1,185	(4,810	)	(3,625	)
Fidelity VIP Balanced (Pinnacle IV )	(4,035		)	90,533			(92,175		)	(5,677		)	23,446		(412,336		)	36,272			(640		)	(353,258		)	(358,935		)	1,341,078		982,143		1,552	(19,049	)	(17,497	)
Fidelity VIP Balanced (Pinnacle Plus Reduced M&E )	1,054			1,926			(6,105		)	(3,125		)	—		(20,367		)	137,013			(176		)	116,470			113,345			119,792		233,137		10,030	(2,214	)	7,816
Fidelity VIP Balanced (Pinnacle Plus )	(2,362		)	22,849			(22,785		)	(2,298		)	—		(51,285		)	(137,629		)	(152		)	(189,066		)	(191,364		)	439,305		247,941		168	(10,563	)	(10,395	)
Fidelity VIP Balanced (Pinnacle V )	277			74,055			(82,154		)	(7,822		)	138,413		(373,292		)	437,582			(3,213		)	199,490			191,668			1,169,428		1,361,096		45,635	(30,597	)	15,038
Fidelity VIP Contrafund (AdvantEdge )	(14,252		)	307,314			(308,589		)	(15,527		)	8,447		(265,219		)	(96,669		)	(11,557		)	(364,998		)	(380,525		)	1,947,739		1,567,214		14,185	(38,542	)	(24,357	)
Fidelity VIP Contrafund (AnnuiChoice II )	(3,545		)	156,363			(154,482		)	(1,664		)	240,380		(62,820		)	(2,843		)	(3,290		)	171,427			169,763			937,837		1,107,600		42,916	(32,555	)	10,361
Fidelity VIP Contrafund (AnnuiChoice )	(1,996		)	118,573			(121,486		)	(4,909		)	62,995		(90,731		)	(17,911		)	(550		)	(46,197		)	(51,106		)	927,346		876,240		34,472	(36,193	)	(1,721	)
Fidelity VIP Contrafund (GrandMaster flex3 )	(8,054		)	198,545			(198,996		)	(8,505		)	270		(109,424		)	(58,054		)	(728		)	(167,936		)	(176,441		)	1,038,711		862,270		53,119	(59,827	)	(6,708	)
Fidelity VIP Contrafund (IQ Advisor Standard )	28			1,169			(1,220		)	(23		)	—		—			—			—			—			(23		)	12,860		12,837		10,062	(10,062	)	—
Fidelity VIP Contrafund (IQ3 )	(12,935		)	309,585			(303,133		)	(6,483		)	31,481		(302,000		)	(117,264		)	(790		)	(388,573		)	(395,056		)	1,919,656		1,524,600		36,151	(52,884	)	(16,733	)
Fidelity VIP Contrafund (Pinnacle IV )	(31,467		)	811,632			(808,184		)	(28,019		)	84,041		(928,210		)	(46,557		)	(1,711		)	(892,437		)	(920,456		)	4,853,051		3,932,595		15,787	(49,670	)	(33,883	)
Fidelity VIP Contrafund (Pinnacle Plus Reduced M&E )	(798		)	53,616			(57,068		)	(4,250		)	—		(145,502		)	327,535			(579		)	181,454			177,204			542,500		719,704		18,390	(7,652	)	10,738
Fidelity VIP Contrafund (Pinnacle Plus )	5,983			516,574			(601,428		)	(78,871		)	—		(439,096		)	4,168,521			(1,049		)	3,728,376			3,649,505			1,867,963		5,517,468		174,722	(23,735	)	150,987
Fidelity VIP Contrafund (Pinnacle V )	(56,141		)	1,133,485			(1,173,775		)	(96,431		)	1,193,559		(1,050,074		)	3,983			(27,323		)	120,145			23,714			7,444,498		7,468,212		261,698	(254,113	)	7,585
Fidelity VIP Disciplined Small Cap (AnnuiChoice II )	(83		)	72			(4,849		)	(4,860		)	28,620		—			61,202			(18		)	89,804			84,944			3,886		88,830		6,669	(452	)	6,217
Fidelity VIP Disciplined Small Cap (AnnuiChoice )	(238		)	164			(1,023		)	(1,097		)	—		—			—			(2		)	(2		)	(1,099		)	34,793		33,694		2,212	(2,212	)	—
Fidelity VIP Disciplined Small Cap (GrandMaster )	(201		)	1,450			(1,490		)	(241		)	4,535		(10,044		)	(21		)	—			(5,530		)	(5,771		)	18,258		12,487		4,656	(5,038	)	(382	)
Fidelity VIP Disciplined Small Cap (IQ Annuity )	(867		)	643			(2,425		)	(2,649		)	—		(1,008		)	—			(7		)	(1,015		)	(3,664		)	76,343		72,679		965	(1,034	)	(69	)
Fidelity VIP Disciplined Small Cap (Pinnacle )	(1,265		)	2,003			(3,561		)	(2,823		)	—		(28,285		)	(467		)	(23		)	(28,775		)	(31,598		)	138,548		106,950		238	(2,228	)	(1,990	)
Fidelity VIP Disciplined Small Cap (Pinnacle IV )	(869		)	846			(2,651		)	(2,674		)	—		(1,005		)	—			(6		)	(1,011		)	(3,685		)	76,181		72,496		6,058	(6,129	)	(71	)
Fidelity VIP Disciplined Small Cap (Pinnacle Plus Reduced M&E )	(13		)	(7		)	(114		)	(134		)	—		(89		)	4,837			(6		)	4,742			4,608			—		4,608		1,069	(802	)	267
Fidelity VIP Disciplined Small Cap (Pinnacle Plus )	(1,029		)	454			(2,375		)	(2,950		)	—		(1,437		)	(45		)	(55		)	(1,537		)	(4,487		)	78,831		74,344		1,293	(1,406	)	(113	)
Fidelity VIP Disciplined Small Cap (Pinnacle V )	(889		)	12,741			(15,586		)	(3,734		)	87,287		(70,395		)	27,944			(480		)	44,356			40,622			79,480		120,102		24,854	(21,578	)	3,276
Fidelity VIP Equity-Income (AnnuiChoice II )	9,022			47,465			(78,366		)	(21,879		)	55,123		(21,770		)	44,754			(56		)	78,051			56,172			387,811		443,983		10,546	(4,804	)	5,742
Fidelity VIP Equity-Income (AdvantEdge )	2,277			15,966			(27,605		)	(9,362		)	4,607		(2,360		)	(2,462		)	(1,425		)	(1,640		)	(11,002		)	166,426		155,424		9,811	(9,921	)	(110	)
Fidelity VIP Equity-Income (AnnuiChoice )	5,133			30,268			(49,322		)	(13,921		)	—		(14,029		)	384			(243		)	(13,888		)	(27,809		)	277,509		249,700		17,754	(18,512	)	(758	)
Fidelity VIP Equity-Income (GrandMaster flex3 )	1,876			16,100			(26,884		)	(8,908		)	—		(9,566		)	(5,722		)	(34		)	(15,322		)	(24,230		)	160,341		136,111		1,716	(2,581	)	(865	)
Fidelity VIP Equity-Income (IQ3 )	6,210			46,607			(76,209		)	(23,392		)	1,826		(12,533		)	320			(125		)	(10,512		)	(33,904		)	417,841		383,937		8,938	(9,601	)	(663	)
See accompanying notes.
* - 2015 inception date of subaccount.

48

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Equity-Income (Pinnacle IV )	$	11,921		$	224,693		$	(294,723	)	$	(58,109	)	$	37,224	$	(586,036	)	$	7,517		$	(383	)	$	(541,678	)	$	(599,787	)	$	1,312,503	$	712,716	3,309	(33,384	)	(30,075	)
Fidelity VIP Equity-Income (Pinnacle Plus Reduced M&E )	7,696			24,685			(57,831		)	(25,450		)	—		(75,638		)	139,820			(494		)	63,688			38,238			332,771		371,009		3,590	(93	)	3,497
Fidelity VIP Equity-Income (Pinnacle Plus )	4,110			59,197			(92,382		)	(29,075		)	—		(83,989		)	(147,788		)	(257		)	(232,034		)	(261,109		)	686,653		425,544		65	(12,566	)	(12,501	)
Fidelity VIP Equity-Income (Pinnacle V )	17,560			166,760			(249,172		)	(64,852		)	414,370		(357,101		)	373			(2,321		)	55,321			(9,531		)	1,144,257		1,134,726		83,707	(78,522	)	5,185
Fidelity VIP Freedom 2010 (Advantedge )	(1,375		)	4,905			(5,548		)	(2,018		)	—		(116,848		)	12			(222		)	(117,058		)	(119,076		)	121,885		2,809		16	(9,341	)	(9,325	)
Fidelity VIP Freedom 2010 (AnnuiChoice II )	290			640			(2,404		)	(1,474		)	—		(15,841		)	—			(60		)	(15,901		)	(17,375		)	110,482		93,107		1,824	(3,045	)	(1,221	)
Fidelity VIP Freedom 2010 (GrandMaster flex3 )	2			65			(230		)	(163		)	—		—			—			—			—			(163		)	7,840		7,677		—	—		—
Fidelity VIP Freedom 2010 (GrandMaster )	(24		)	970			(1,084		)	(138		)	2,118		(513		)	(4,987		)	(22		)	(3,404		)	(3,542		)	15,423		11,881		—	(260	)	(260	)
Fidelity VIP Freedom 2010 (Pinnacle )	227			478			(2,572		)	(1,867		)	—		—			—			—			—			(1,867		)	99,685		97,818		2	(2	)	—
Fidelity VIP Freedom 2010 (Pinnacle IV )	(280		)	12,116			(14,662		)	(2,826		)	11,528		(69,601		)	(11,651		)	(66		)	(69,790		)	(72,616		)	275,268		202,652		—	(5,425	)	(5,425	)
Fidelity VIP Freedom 2010 (Pinnacle Plus )	(116		)	(112		)	(153		)	(381		)	—		—			(9,589		)	(7		)	(9,596		)	(9,977		)	14,918		4,941		349	(1,144	)	(795	)
Fidelity VIP Freedom 2010 (Pinnacle V )	(1,243		)	42,204			(51,509		)	(10,548		)	—		(163,788		)	(1,469		)	(2,391		)	(167,648		)	(178,196		)	789,794		611,598		10,780	(24,061	)	(13,281	)
Fidelity VIP Freedom 2015 (AdvantEdge )	(416		)	7,544			(10,312		)	(3,184		)	—		(26,320		)	(7		)	(222		)	(26,549		)	(29,733		)	152,741		123,008		2,682	(4,802	)	(2,120	)
Fidelity VIP Freedom 2015 (AnnuiChoice II )	(11		)	1,659			(1,417		)	231			—		(11,195		)	(109		)	(3		)	(11,307		)	(11,076		)	19,605		8,529		2,640	(3,489	)	(849	)
Fidelity VIP Freedom 2015 (GrandMaster flex3 )	3			52			(216		)	(161		)	—		—			—			—			—			(161		)	7,861		7,700		—	—		—
Fidelity VIP Freedom 2015 (Pinnacle IV )	(833		)	63,125			(64,360		)	(2,068		)	—		(338,947		)	—			(32		)	(338,979		)	(341,047		)	377,690		36,643		—	(27,064	)	(27,064	)
Fidelity VIP Freedom 2015 (Pinnacle Plus Reduced M&E )	154			(27		)	(1,125		)	(998		)	—		(3,430		)	22,090			—			18,660			17,662			—		17,662		1,377	—		1,377
Fidelity VIP Freedom 2015 (Pinnacle Plus )	(201		)	8,671			(8,721		)	(251		)	—		(9,489		)	(22,090		)	(76		)	(31,655		)	(31,906		)	81,898		49,992		6,027	(8,519	)	(2,492	)
Fidelity VIP Freedom 2015 (Pinnacle V )	(596		)	41,146			(51,732		)	(11,182		)	89,939		(126,949		)	(15,126		)	(1,664		)	(53,800		)	(64,982		)	674,499		609,517		230,744	(234,968	)	(4,224	)
Fidelity VIP Freedom 2020 (AdvantEdge )	(2		)	118			(102		)	14			—		(902		)	(1		)	(14		)	(917		)	(903		)	1,351		448		4,291	(4,361	)	(70	)
Fidelity VIP Freedom 2020 (AnnuiChoice II )	(15		)	2,568			(1,861		)	692			—		(42,256		)	—			(25		)	(42,281		)	(41,589		)	63,251		21,662		3,126	(6,389	)	(3,263	)
Fidelity VIP Freedom 2020 (GrandMaster )	36			65			(301		)	(200		)	1,395		—			—			(9		)	1,386			1,186			9,214		10,400		111	—		111
Fidelity VIP Freedom 2020 (Pinnacle IV ) (Restated)**	2,883			53,868			(40,484		)	16,267			—		(447,663		)	—			(30		)	(447,693		)	(431,426		)	434,777		3,351		—	(34,944	)	(34,944	)
Fidelity VIP Freedom 2020 (Pinnacle Plus )	(478		)	7,020			(2,852		)	3,690			—		(16,484		)	(4,227		)	1			(20,710		)	(17,020		)	17,020		—		—	(1,403	)	(1,403	)
Fidelity VIP Freedom 2020 (Pinnacle V )	1,567			2,824			(12,930		)	(8,539		)	55,599		—			96,324			(1,034		)	150,889			142,350			203,595		345,945		52,169	(39,837	)	12,332
Fidelity VIP Freedom 2025 (Advantedge )	(2		)	150			(131		)	17			—		(906		)	(4		)	(14		)	(924		)	(907		)	1,358		451		1,022	(1,090	)	(68	)
Fidelity VIP Freedom 2025 (Pinnacle IV )	5			300			(424		)	(119		)	—		(865		)	—			(10		)	(875		)	(994		)	8,701		7,707		—	(66	)	(66	)
Fidelity VIP Freedom 2025 (Pinnacle V )	2,030			50,340			(63,216		)	(10,846		)	347,929		(290,437		)	—			(2,350		)	55,142			44,296			451,439		495,735		67,854	(63,506	)	4,348
Fidelity VIP Freedom 2030 (AnnuiChoice II )	59			37			(602		)	(506		)	9,380		—			—			—			9,380			8,874			—		8,874		2,891	(2,180	)	711
Fidelity VIP Freedom 2030 (Pinnacle IV )	—			26			(88		)	(62		)	—		—			—			(16		)	(16		)	(78		)	3,144		3,066		—	(1	)	(1	)
Fidelity VIP Freedom 2030 (Pinnacle Plus Reduced M&E )	(182		)	1,258			(897		)	179			—		(6,549		)	(16,964		)	(42		)	(23,555		)	(23,376		)	23,376		—		—	(1,641	)	(1,641	)
Fidelity VIP Freedom 2030 (Pinnacle Plus )	(198,178		)	934,450			(652,613		)	83,659			—		(2,221,301		)	(13,596,040		)	(1,544		)	(15,818,885		)	(15,735,226		)	16,692,868		957,642		—	(1,289,542	)	(1,289,542	)
Fidelity VIP Freedom 2030 (Pinnacle V )	(171		)	1,919			(5,301		)	(3,553		)	—		(2,090		)	—			(40		)	(2,130		)	(5,683		)	176,059		170,376		6,578	(6,750	)	(172	)
Fidelity VIP Growth (AnnuiChoice II )	(5,835		)	24,430			5,121			23,716			420		(13,573		)	250,584			(607		)	236,824			260,540			361,116		621,656		24,826	(11,889	)	12,937
Fidelity VIP Growth (GrandMaster )	(7,785		)	39,748			(95		)	31,868			11,587		(28,275		)	28,507			(123		)	11,696			43,564			566,574		610,138		12,593	(11,814	)	779
Fidelity VIP Growth (AdvantEdge )	(1,451		)	9,158			(2,727		)	4,980			—		(12,777		)	—			(93		)	(12,870		)	(7,890		)	93,993		86,103		3,965	(4,815	)	(850	)
Fidelity VIP Growth (AnnuiChoice )	(910		)	5,328			929			5,347			—		(5,405		)	(659		)	(59		)	(6,123		)	(776		)	92,931		92,155		16,240	(16,581	)	(341	)
Fidelity VIP Growth (GrandMaster flex3 )	(1,123		)	7,824			(2,863		)	3,838			—		(7,620		)	2,426			(73		)	(5,267		)	(1,429		)	70,042		68,613		37,455	(37,707	)	(252	)
Fidelity VIP Growth (IQ3 )	(1,948		)	8,878			171			7,101			—		(4,726		)	(1,975		)	(101		)	(6,802		)	299			135,785		136,084		40,460	(40,978	)	(518	)
Fidelity VIP Growth (Pinnacle )	(1,564		)	3,344			5,225			7,005			—		(9,148		)	102,864			(13		)	93,703			100,708			79,295		180,003		20,460	(14,508	)	5,952
Fidelity VIP Growth (Pinnacle IV )	(7,665		)	68,531			(33,496		)	27,370			120		(60,991		)	6,972			(245		)	(54,144		)	(26,774		)	535,119		508,345		19,516	(22,539	)	(3,023	)
Fidelity VIP Growth (Pinnacle Plus Reduced M&E )	(86		)	1,011			(778		)	147			—		(14,059		)	10,408			(9		)	(3,660		)	(3,513		)	14,014		10,501		3,296	(3,524	)	(228	)
Fidelity VIP Growth (Pinnacle Plus )	(6,076		)	44,826			(19,060		)	19,690			—		(5,769		)	(95,149		)	(43		)	(100,961		)	(81,271		)	388,816		307,545		579	(5,543	)	(4,964	)
Fidelity VIP Growth (Pinnacle V )	(7,068		)	81,997			(54,900		)	20,029			89,444		(131,337		)	10,959			(2,299		)	(33,233		)	(13,204		)	460,940		447,736		56,551	(58,929	)	(2,378	)
Fidelity VIP High Income (AdvantEdge )	(1,070		)	2,778			(2,640		)	(932		)	—		(26,151		)	26,599			(185		)	263			(669		)	43,486		42,817		113,393	(113,268	)	125
Fidelity VIP High Income (AnnuiChoice II )	6,425			(579		)	(11,503		)	(5,657		)	11,363		(11,202		)	2,426			(58		)	2,529			(3,128		)	121,571		118,443		84,428	(84,225	)	203
Fidelity VIP High Income (AnnuiChoice )	11,360			586			(21,445		)	(9,499		)	36,439		(51,311		)	(793		)	(223		)	(15,888		)	(25,387		)	220,287		194,900		10,993	(11,710	)	(717	)
Fidelity VIP High Income (GrandMaster flex3 )	(5,296		)	2,727			337			(2,232		)	—		(21,845		)	(42,302		)	(52		)	(64,199		)	(66,431		)	110,672		44,241		1,143,289	(1,146,662	)	(3,373	)
Fidelity VIP High Income (IQ3 )	(16,636		)	40,708			(8,630		)	15,442			—		(666,468		)	601,739			(1,125		)	(65,854		)	(50,412		)	280,059		229,647		99,104	(101,312	)	(2,208	)
Fidelity VIP High Income (Pinnacle )	1,310			(169		)	(1,931		)	(790		)	—		(19,696		)	3,140			(8		)	(16,564		)	(17,354		)	42,041		24,687		546,154	(547,106	)	(952	)
Fidelity VIP High Income (Pinnacle IV )	10,202			(14,785		)	(5,959		)	(10,542		)	100		(41,140		)	2,975			(100		)	(38,165		)	(48,707		)	251,838		203,131		30,340	(32,292	)	(1,952	)
Fidelity VIP High Income (Pinnacle Plus Reduced M&E )	2,232			(147		)	(4,050		)	(1,965		)	—		(1,755		)	39,306			(6		)	37,545			35,580			974		36,554		3,180	(79	)	3,101
Fidelity VIP High Income (Pinnacle Plus )	5,388			(2,833		)	(8,905		)	(6,350		)	—		(11,555		)	(39,134		)	(203		)	(50,892		)	(57,242		)	170,941		113,699		31	(2,941	)	(2,910	)
Fidelity VIP High Income (Pinnacle V )	15,672			(14,175		)	(14,699		)	(13,202		)	25,018		(93,202		)	(2,162		)	(295		)	(70,641		)	(83,843		)	408,866		325,023		219,093	(223,967	)	(4,874	)
Fidelity VIP II Index 500 (Pinnacle )	2,514			49,395			(53,964		)	(2,055		)	12,866		(119,209		)	(17,286		)	(701		)	(124,330		)	(126,385		)	738,031		611,646		14,215	(22,908	)	(8,693	)
Fidelity VIP II Index 500 (Pinnacle IV )	9,199			217,337			(237,629		)	(11,093		)	27,404		(549,705		)	278,193			(743		)	(244,851		)	(255,944		)	2,880,263		2,624,319		255,473	(272,754	)	(17,281	)
See accompanying notes.
* - 2015 inception date of subaccount.
**For more information see "Error Correction" section of Note 1 to the financial statements.

49

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Service Class 2 (continued):
Fidelity VIP II Index 500 (Pinnacle V )	$	20,869		$	498,126		$	(548,672	)	$	(29,677	)	$	1,729,612	$	(444,110	)	$	(520,188	)	$	(25,116	)	$	740,198		$	710,521		$	5,706,057	$	6,416,578	851,765	(798,204	)	53,561
Fidelity VIP Index 500 (AdvantEdge )	670			68,775			(70,163		)	(718		)	144		(39,834		)	(87,783		)	(5,396		)	(132,869		)	(133,587		)	1,041,691		908,104		18,101	(26,394	)	(8,293	)
Fidelity VIP Index 500 (AnnuiChoice II )	20,878			63,804			(90,107		)	(5,425		)	1,076,285		(75,672		)	199,530			(4,136		)	1,196,007			1,190,582			1,143,677		2,334,259		92,164	(10,293	)	81,871
Fidelity VIP Index 500 (AnnuiChoice )	4,423			8,023			(12,312		)	134			89,250		(101,940		)	90,188			(193		)	77,305			77,439			387,535		464,974		41,784	(37,625	)	4,159
Fidelity VIP Index 500 (Grandmaster flex3 )	724			30,815			(32,605		)	(1,066		)	—		(36,148		)	(1,869		)	(267		)	(38,284		)	(39,350		)	401,347		361,997		8,207	(10,870	)	(2,663	)
Fidelity VIP Index 500 (Grandmaster )	12,584			84,504			(103,268		)	(6,180		)	6,467		(171,936		)	113,333			(896		)	(53,032		)	(59,212		)	2,555,380		2,496,168		100,663	(104,302	)	(3,639	)
Fidelity VIP Index 500 (IQ3 )	1,202			55,362			(58,111		)	(1,547		)	—		(142,274		)	(95,918		)	(238		)	(238,430		)	(239,977		)	853,699		613,722		35,516	(50,371	)	(14,855	)
Fidelity VIP Index 500 (Pinnacle Plus Reduced M&E )	4,139			10,789			(17,888		)	(2,960		)	—		(87,600		)	139,055			(209		)	51,246			48,286			553,414		601,700		5,554	(2,826	)	2,728
Fidelity VIP Index 500 (Pinnacle Plus )	(1,031		)	122,710			(123,411		)	(1,732		)	—		(151,123		)	(157,112		)	(688		)	(308,923		)	(310,655		)	1,079,155		768,500		11,056	(25,904	)	(14,848	)
Fidelity VIP Investment Grade Bond (AdvantEdge )	5,959			1,125			(25,313		)	(18,229		)	6,695		(78,972		)	29,466			(5,239		)	(48,050		)	(66,279		)	809,526		743,247		21,988	(25,796	)	(3,808	)
Fidelity VIP Investment Grade Bond (AnnuiChoice II )	15,107			1,107			(35,210		)	(18,996		)	373,930		(16,143		)	18,901			(4,445		)	372,243			353,247			698,867		1,052,114		71,257	(43,523	)	27,734
Fidelity VIP Investment Grade Bond (AnnuiChoice )	1,932			(821		)	(4,391		)	(3,280		)	140,905		(194,491		)	281			(48		)	(53,353		)	(56,633		)	212,789		156,156		39,381	(42,585	)	(3,204	)
Fidelity VIP Investment Grade Bond (GrandMaster flex3 )	560			(831		)	(1,143		)	(1,414		)	—		(21,804		)	53			(62		)	(21,813		)	(23,227		)	84,935		61,708		36,877	(38,467	)	(1,590	)
Fidelity VIP Investment Grade Bond (GrandMaster )	5,058			(118		)	(13,685		)	(8,745		)	9,242		(7,108		)	38,108			(77		)	40,165			31,420			394,528		425,948		36,426	(33,258	)	3,168
Fidelity VIP Investment Grade Bond (IQ3 )	1,776			10,053			(19,461		)	(7,632		)	34,390		(158,197		)	(10,649		)	(308		)	(134,764		)	(142,396		)	421,246		278,850		12,726	(21,193	)	(8,467	)
Fidelity VIP Investment Grade Bond (Pinnacle )	1,251			(2,056		)	(2,356		)	(3,161		)	—		(44,302		)	(199		)	(90		)	(44,591		)	(47,752		)	185,831		138,079		34,798	(37,998	)	(3,200	)
Fidelity VIP Investment Grade Bond (Pinnacle IV )	3,578			477			(20,871		)	(16,816		)	48,314		(406,144		)	(18,395		)	(236		)	(376,461		)	(393,277		)	994,599		601,322		6,417	(33,883	)	(27,466	)
Fidelity VIP Investment Grade Bond (Pinnacle II Reduced M&E )	184			(204		)	(318		)	(338		)	—		(12,385		)	—			(3		)	(12,388		)	(12,726		)	29,446		16,720		4,992	(5,874	)	(882	)
Fidelity VIP Investment Grade Bond (Pinnacle Plus Reduced M&E )	929			785			(2,849		)	(1,135		)	—		(18,087		)	18,753			(120		)	546			(589		)	81,215		80,626		1,637	(1,542	)	95
Fidelity VIP Investment Grade Bond (Pinnacle Plus )	92,555			(1,998		)	(165,112		)	(74,555		)	—		(142,401		)	4,581,054			(78		)	4,438,575			4,364,020			78,310		4,442,330		338,249	(4,464	)	333,785
Fidelity VIP Investment Grade Bond (Pinnacle V )	85,228			(24,292		)	(253,816		)	(192,880		)	2,247,495		(423,985		)	33,264			(44,203		)	1,812,571			1,619,691			6,545,241		8,164,932		401,102	(258,633	)	142,469
Fidelity VIP Mid Cap (AdvantEdge )	(9,166		)	89,225			(101,303		)	(21,244		)	3,600		(94,176		)	21,845			(3,949		)	(72,680		)	(93,924		)	726,030		632,106		5,932	(10,685	)	(4,753	)
Fidelity VIP Mid Cap (AnnuiChoice II )	(6,240		)	74,426			(92,909		)	(24,723		)	128,830		(8,378		)	78,481			(306		)	198,627			173,904			596,147		770,051		23,549	(12,435	)	11,114
Fidelity VIP Mid Cap (AnnuiChoice )	(2,253		)	35,488			(40,731		)	(7,496		)	—		(7,650		)	(286		)	(282		)	(8,218		)	(15,714		)	295,305		279,591		4,824	(5,062	)	(238	)
Fidelity VIP Mid Cap (GrandMaster flex3 )	(3,845		)	46,250			(50,821		)	(8,416		)	180		(15,937		)	(7,102		)	(104		)	(22,963		)	(31,379		)	302,155		270,776		5,760	(6,485	)	(725	)
Fidelity VIP Mid Cap (Grandmaster )	(4,845		)	54,267			(62,062		)	(12,640		)	920		(9,712		)	32,141			(108		)	23,241			10,601			426,957		437,558		9,562	(8,646	)	916
Fidelity VIP Mid Cap (IQ Annuity )	(12,323		)	132,498			(148,645		)	(28,470		)	24,022		(32,605		)	(58,154		)	(215		)	(66,952		)	(95,422		)	1,012,208		916,786		21,832	(23,945	)	(2,113	)
Fidelity VIP Mid Cap (Pinnacle )	(4,889		)	52,686			(60,401		)	(12,604		)	2,333		(27,974		)	(40,251		)	(156		)	(66,048		)	(78,652		)	450,324		371,672		6,755	(11,169	)	(4,414	)
Fidelity VIP Mid Cap (Pinnacle IV )	(14,517		)	219,788			(226,689		)	(21,418		)	22,823		(282,303		)	(20,528		)	(718		)	(280,726		)	(302,144		)	1,294,275		992,131		8,909	(17,365	)	(8,456	)
Fidelity VIP Mid Cap (Pinnacle II Reduced M&E )	2			300			(212		)	90			—		(1,673		)	(145		)	(5		)	(1,823		)	(1,733		)	1,733		—		—	(113	)	(113	)
Fidelity VIP Mid Cap (Pinnacle Plus Reduced M&E )	(4,361		)	62,231			(73,829		)	(15,959		)	—		(95,234		)	128,588			(751		)	32,603			16,644			547,418		564,062		5,180	(2,941	)	2,239
Fidelity VIP Mid Cap (Pinnacle Plus )	(8,108		)	63,317			(71,760		)	(16,551		)	—		(75,495		)	(121,077		)	(471		)	(197,043		)	(213,594		)	639,303		425,709		3,118	(9,573	)	(6,455	)
Fidelity VIP Mid Cap (Pinnacle V )	(27,191		)	302,750			(337,684		)	(62,125		)	146,020		(425,003		)	69,932			(5,250		)	(214,301		)	(276,426		)	2,088,343		1,811,917		34,410	(49,004	)	(14,594	)
Fidelity VIP Overseas (AdvantEdge )	(1,892		)	13,710			(2,643		)	9,175			72		(25,707		)	(15,711		)	(2,846		)	(44,192		)	(35,017		)	376,789		341,772		5,903	(10,270	)	(4,367	)
Fidelity VIP Overseas (AnnuiChoice II )	428			5,669			(5,541		)	556			55,359		(3,530		)	17,699			(692		)	68,836			69,392			203,076		272,468		14,682	(8,908	)	5,774
Fidelity VIP Overseas (AnnuiChoice )	(33		)	8,634			(3,658		)	4,943			10,894		(23,090		)	(22,995		)	(197		)	(35,388		)	(30,445		)	187,991		157,546		4,630	(6,653	)	(2,023	)
Fidelity VIP Overseas (GrandMaster flex3 )	(481		)	4,363			(1,857		)	2,025			—		(3,594		)	11,040			(85		)	7,361			9,386			105,499		114,885		9,580	(9,071	)	509
Fidelity VIP Overseas (GrandMaster )	(914		)	(2,991		)	8,591			4,686			4,258		(20,551		)	(35,004		)	(92		)	(51,389		)	(46,703		)	210,098		163,395		14,425	(19,885	)	(5,460	)
Fidelity VIP Overseas (IQ3 )	(1,274		)	10,553			(1,484		)	7,795			1,945		(6,669		)	(2,560		)	(136		)	(7,420		)	375			371,671		372,046		20,489	(20,977	)	(488	)
Fidelity VIP Overseas (Pinnacle )	(1,351		)	2,240			6,737			7,626			1,436		(30,769		)	9,087			(225		)	(20,471		)	(12,845		)	366,740		353,895		7,901	(9,198	)	(1,297	)
Fidelity VIP Overseas (Pinnacle IV )	(1,974		)	(5,557		)	14,075			6,544			17,386		(91,112		)	33,316			(438		)	(40,848		)	(34,304		)	467,063		432,759		4,751	(7,579	)	(2,828	)
Fidelity VIP Overseas (Pinnacle Plus Reduced M&E )	483			(1,810		)	1,733			406			—		(31,756		)	68,988			(102		)	37,130			37,536			37,994		75,530		3,352	(295	)	3,057
Fidelity VIP Overseas (Pinnacle Plus )	(1,316		)	(2,184		)	13,759			10,259			—		(109,693		)	34,834			(198		)	(75,057		)	(64,798		)	237,515		172,717		1,161	(4,922	)	(3,761	)
Fidelity VIP Overseas (Pinnacle V )	(4,982		)	49,858			(26,089		)	18,787			30,014		(165,829		)	7,432			(1,666		)	(130,049		)	(111,262		)	965,053		853,791		67,010	(81,237	)	(14,227	)
Fidelity VIP Target Volatility (AdvantEdge )*	(268		)	216			(625		)	(677		)	—		—			(22,349		)	(1		)	(22,350		)	(23,027		)	23,027		—		1,503	(3,654	)	(2,151	)
Fidelity VIP Target Volatility (AnnuiChoice II )*	42			26			(493		)	(425		)	8,250		—			46			(33		)	8,263			7,838			—		7,838		4,847	(4,100	)	747
Fidelity VIP Target Volatility (Pinnacle V )*	(43		)	2,359			(12,034		)	(9,718		)	190,007		(9,190		)	1,520			(904		)	181,433			171,715			58,831		230,546		62,143	(45,479	)	16,664
Non-Affiliated Class 1:
Columbia VIT Mid Cap Value (Advantedge )	(345		)	1,764			(4,001		)	(2,582		)	—		(16,994		)	—			(66		)	(17,060		)	(19,642		)	46,253		26,611		2,900	(4,127	)	(1,227	)
Columbia VIT Mid Cap Value (AnnuiChoice II )	(2,602		)	23			(21,733		)	(24,312		)	257,612		(490		)	63,033			(35		)	320,120			295,808			19,297		315,105		27,415	(5,973	)	21,442
Columbia VIT Mid Cap Value (Annuichoice )	(42		)	11			(223		)	(254		)	—		—			1,673			(5		)	1,668			1,414			3,953		5,367		14,867	(14,749	)	118
Columbia VIT Mid Cap Value (Grandmaster flex3 )	(2,992		)	5,783			(14,724		)	(11,933		)	—		(27,230		)	(11,251		)	(187		)	(38,668		)	(50,601		)	215,498		164,897		31,357	(34,056	)	(2,699	)
Columbia VIT Mid Cap Value (Grandmaster )	(268		)	2,701			(1,649		)	784			—		—			(41,541		)	(5		)	(41,546		)	(40,762		)	41,617		855		8,786	(11,567	)	(2,781	)
Columbia VIT Mid Cap Value (Pinnacle )	(517		)	1,663			(3,388		)	(2,242		)	—		(10,978		)	(4,821		)	(9		)	(15,808		)	(18,050		)	52,352		34,302		11,927	(13,003	)	(1,076	)
Columbia VIT Mid Cap Value (Pinnacle IV )	(705		)	384			(2,778		)	(3,099		)	—		(2,172		)	(3,415		)	(8		)	(5,595		)	(8,694		)	51,002		42,308		7,959	(8,358	)	(399	)
Columbia VIT Mid Cap Value (Pinnacle Plus Reduced M&E )	(520		)	(738		)	(2,264		)	(3,522		)	—		(27,637		)	34,939			(5		)	7,297			3,775			24,229		28,004		379	—		379
See accompanying notes.
* - 2015 inception date of subaccount.

50

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Class 1 (continued):
Columbia VIT Mid Cap Value (Pinnacle Plus )	$	(2,997	)	$	4,946		$	(12,553	)	$	(10,604	)	$	—	$	(22,212	)	$	(31,563	)	$	(196	)	$	(53,971	)	$	(64,575	)	$	223,001	$	158,426	3,373	(7,067	)	(3,694	)
Columbia VIT Mid Cap Value (Pinnacle V )	(3,785		)	5,214			(19,422		)	(17,993		)	50,672		(40,594		)	12,660			(550		)	22,188			4,195			208,485		212,680		14,700	(13,400	)	1,300
Franklin Growth and Income VIP Fund (Pinnacle )	51,193			57,013			(150,525		)	(42,319		)	—		(378,872		)	(53,006		)	(940		)	(432,818		)	(475,137		)	2,500,850		2,025,713		19,928	(40,499	)	(20,571	)
Franklin Growth and Income VIP Fund (Pinnacle II Reduced M&E )	181			663			(957		)	(113		)	—		(1,619		)	—			(9		)	(1,628		)	(1,741		)	9,462		7,721		—	(75	)	(75	)
Franklin Income VIP Fund (Pinnacle )	157,939			110,557			(636,520		)	(368,024		)	18,916		(506,155		)	(129,999		)	(1,277		)	(618,515		)	(986,539		)	5,042,927		4,056,388		20,161	(46,954	)	(26,793	)
Franklin Income VIP Fund (Pinnacle II Reduced M&E )	9,605			95			(30,912		)	(21,212		)	—		—			—			(7		)	(7		)	(21,219		)	269,824		248,605		3,777	(3,777	)	—
JP Morgan IT Mid Cap Value (AnnuiChoice )	1			160			(234		)	(73		)	—		—			—			(5		)	(5		)	(78		)	2,030		1,952		581	(581	)	—
JP Morgan IT Mid Cap Value (GrandMaster flex3 )	(638		)	20,146			(22,939		)	(3,431		)	—		(18,477		)	—			(10		)	(18,487		)	(21,918		)	115,663		93,745		—	(636	)	(636	)
JP Morgan IT Mid Cap Value (Grandmaster )	(295		)	8,770			(11,593		)	(3,118		)	—		(3,431		)	—			—			(3,431		)	(6,549		)	81,437		74,888		—	(122	)	(122	)
JP Morgan IT Mid Cap Value (IQ3 )	(287		)	5,196			(7,376		)	(2,467		)	—		(126		)	—			(33		)	(159		)	(2,626		)	60,729		58,103		152	(158	)	(6	)
JP Morgan IT Mid Cap Value (Pinnacle )	(352		)	8,239			(11,635		)	(3,748		)	—		(520		)	—			(14		)	(534		)	(4,282		)	95,064		90,782		118	(137	)	(19	)
JP Morgan IT Mid Cap Value (Pinnacle IV )	(2,986		)	111,968			(133,537		)	(24,555		)	—		(66,948		)	(16,629		)	(204		)	(83,781		)	(108,336		)	683,534		575,198		—	(2,975	)	(2,975	)
JP Morgan IT Mid Cap Value (Pinnacle Plus Reduced M&E )	(620		)	15,012			(23,348		)	(8,956		)	—		(19,796		)	70,229			(193		)	50,240			41,284			189,154		230,438		3,389	(781	)	2,608
JP Morgan IT Mid Cap Value (Pinnacle Plus )	(62		)	34,208			(34,770		)	(624		)	—		(9,963		)	(70,229		)	(41		)	(80,233		)	(80,857		)	85,325		4,468		—	(2,895	)	(2,895	)
Morgan Stanley UIF Emerging Markets Debt (GrandMaster flex3 )	362			11			(628		)	(255		)	—		(189		)	—			(1		)	(190		)	(445		)	9,845		9,400		—	(8	)	(8	)
Morgan Stanley UIF Emerging Markets Debt (IQ3 )	53			3			(91		)	(35		)	—		—			—			(4		)	(4		)	(39		)	1,375		1,336		875	(875	)	—
Morgan Stanley UIF Emerging Markets Debt (Pinnacle )	8,910			4,322			(15,760		)	(2,528		)	—		(80,124		)	242			(52		)	(79,934		)	(82,462		)	225,093		142,631		3,892	(6,630	)	(2,738	)
Morgan Stanley UIF Emerging Markets Debt (Pinnacle IV )	2,595			1,300			(5,350		)	(1,455		)	—		(9,762		)	—			(28		)	(9,790		)	(11,245		)	69,845		58,600		4,267	(4,683	)	(416	)
Morgan Stanley UIF Emerging Markets Debt (Pinnacle II Reduced M&E )	596			(18		)	(890		)	(312		)	—		—			—			(6		)	(6		)	(318		)	14,176		13,858		1,599	(1,599	)	—
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice II )	9			24			15			48			—		—			—			(9		)	(9		)	39			4,797		4,836		4,953	(4,954	)	(1	)
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice )	(58		)	12,835			(12,114		)	663			—		(29,341		)	—			(14		)	(29,355		)	(28,692		)	29,994		1,302		1,495	(2,332	)	(837	)
Morgan Stanley UIF U.S. Real Estate (GrandMaster flex3 )	(269		)	2,631			(1,710		)	652			—		(5,018		)	—			(46		)	(5,064		)	(4,412		)	123,044		118,632		—	(160	)	(160	)
Morgan Stanley UIF U.S. Real Estate (IQ3 )	(90		)	429			172			511			—		—			—			(48		)	(48		)	463			74,286		74,749		1,263	(1,264	)	(1	)
Morgan Stanley UIF U.S. Real Estate (Pinnacle )	(411		)	50,511			(32,210		)	17,890			6,508		(38,476		)	(291,348		)	(180		)	(323,496		)	(305,606		)	773,885		468,279		2,161	(9,337	)	(7,176	)
Morgan Stanley UIF U.S. Real Estate (Pinnacle IV )	(795		)	235,259			(249,619		)	(15,155		)	—		(581,927		)	(40,625		)	(180		)	(622,732		)	(637,887		)	1,414,584		776,697		—	(18,635	)	(18,635	)
Non-Affiliated Class 2:
American Funds Managed Risk Asset Allocation (AdvantEdge )	(16		)	7			1,046			1,037			—		—			63,729			—			63,729			64,766			—		64,766		11,017	(4,618	)	6,399
American Funds Managed Risk Asset Allocation (AnnuiChoice )	—			2			(4		)	(2		)	—		—			—			(2		)	(2		)	(4		)	95		91		614	(614	)	—
American Funds Managed Risk Asset Allocation (AnnuiChoice II )	247			1,401			(3,804		)	(2,156		)	11,000		(1,874		)	21,382			(79		)	30,429			28,273			69,590		97,863		5,407	(2,489	)	2,918
American Funds Managed Risk Asset Allocation (GrandMaster flex3 )	5			117			(365		)	(243		)	—		(856		)	4,933			(8		)	4,069			3,826			1,646		5,472		404	(22	)	382
American Funds Managed Risk Asset Allocation (Pinnacle )	(53		)	509			(320		)	136			—		(24		)	(9,495		)	(62		)	(9,581		)	(9,445		)	10,049		604		—	(905	)	(905	)
American Funds Managed Risk Asset Allocation (Pinnacle IV )	7			316			(669		)	(346		)	—		(3,345		)	(3,013		)	(31		)	(6,389		)	(6,735		)	19,635		12,900		8,494	(9,109	)	(615	)
American Funds Managed Risk Asset Allocation (Pinnacle V )	326			20,949			(54,934		)	(33,659		)	644,324		(12,372		)	(16,303		)	(3,156		)	612,493			578,834			781,482		1,360,316		121,292	(62,157	)	59,135
Columbia VIT Small Cap Value Class 2 (AdvantEdge )	(2,099		)	20,164			(33,376		)	(15,311		)	48		(53,454		)	(1,044		)	(510		)	(54,960		)	(70,271		)	235,442		165,171		252	(2,927	)	(2,675	)
Columbia VIT Small Cap Value Class 2 (AnnuiChoice II )	(650		)	9,150			(16,618		)	(8,118		)	31,981		(977		)	(2,171		)	(335		)	28,498			20,380			88,848		109,228		4,559	(3,211	)	1,348
Columbia VIT Small Cap Value Class 2 (Grandmaster flex3 )	(151		)	1,048			(2,104		)	(1,207		)	—		—			—			(2		)	(2		)	(1,209		)	15,555		14,346		1,995	(1,995	)	—
Columbia VIT Small Cap Value Class 2 (Grandmaster )	(352		)	2,911			(6,238		)	(3,679		)	—		(336		)	6,966			(4		)	6,626			2,947			43,111		46,058		361	(46	)	315
Columbia VIT Small Cap Value Class 2 (Pinnacle Plus )	(1,097		)	6,752			(13,049		)	(7,394		)	—		(7,995		)	—			(182		)	(8,177		)	(15,571		)	101,860		86,289		1	(392	)	(391	)
Columbia VIT Small Cap Value Class 2 (Pinnacle )	(67		)	410			(1,210		)	(867		)	—		(31		)	5,877			(7		)	5,839			4,972			6,640		11,612		427	(149	)	278
Columbia VIT Small Cap Value Class 2 (Pinnacle IV )	(362		)	2,473			(5,214		)	(3,103		)	—		(2,445		)	—			—			(2,445		)	(5,548		)	42,307		36,759		1,086	(1,204	)	(118	)
Columbia VIT Small Cap Value Class 2 (Pinnacle V )	(4,568		)	40,327			(80,024		)	(44,265		)	165,464		(11,868		)	15,606			(2,521		)	166,681			122,416			404,392		526,808		20,506	(12,598	)	7,908
Franklin Growth and Income VIP Fund (AdvantEdge )	2,465			7,735			(13,615		)	(3,415		)	—		(11,651		)	(1,569		)	(704		)	(13,924		)	(17,339		)	147,387		130,048		3,739	(4,700	)	(961	)
Franklin Growth and Income VIP Fund (AnnuiChoice II )	7,353			27,838			(40,870		)	(5,679		)	—		(17,619		)	115,342			(307		)	97,416			91,737			263,270		355,007		7,092	(404	)	6,688
Franklin Growth and Income VIP Fund (AnnuiChoice )	4,398			12,626			(20,263		)	(3,239		)	—		(5,730		)	(15,336		)	(161		)	(21,227		)	(24,466		)	189,244		164,778		11,449	(12,444	)	(995	)
Franklin Growth and Income VIP Fund (GrandMaster flex3 )	5,593			19,959			(33,994		)	(8,442		)	—		(38,189		)	3,034			(142		)	(35,297		)	(43,739		)	303,575		259,836		52	(1,913	)	(1,861	)
Franklin Growth and Income VIP Fund (Grandmaster )	14,820			27,195			(58,714		)	(16,699		)	3,264		(27,583		)	(638		)	(82		)	(25,039		)	(41,738		)	754,039		712,301		8,208	(9,446	)	(1,238	)
Franklin Growth and Income VIP Fund (IQ Annuity )	17,082			23,373			(58,456		)	(18,001		)	11,564		(153,632		)	8,351			(411		)	(134,128		)	(152,129		)	865,389		713,260		6,281	(12,948	)	(6,667	)
Franklin Growth and Income VIP Fund (Pinnacle )	14,286			45,826			(75,868		)	(15,756		)	7,325		(55,620		)	(27,020		)	(168		)	(75,483		)	(91,239		)	800,806		709,567		4,135	(10,028	)	(5,893	)
Franklin Growth and Income VIP Fund (Pinnacle IV )	36,042			190,979			(266,583		)	(39,562		)	20,480		(295,052		)	15,692			(450		)	(259,330		)	(298,892		)	1,911,024		1,612,132		3,181	(16,029	)	(12,848	)
Franklin Growth and Income VIP Fund (Pinnacle II Reduced M&E )	(5		)	245			(229		)	11			—		(846		)	(28		)	(1		)	(875		)	(864		)	876		12		—	(67	)	(67	)
Franklin Growth and Income VIP Fund (Pinnacle Plus Reduced M&E )	4,598			5,635			(14,001		)	(3,768		)	—		(19,481		)	139,659			(293		)	119,885			116,117			188,394		304,511		9,061	(1,686	)	7,375
Franklin Growth and Income VIP Fund (Pinnacle Plus )	5,544			51,028			(65,458		)	(8,886		)	—		(76,636		)	(132,180		)	(129		)	(208,945		)	(217,831		)	385,362		167,531		6,263	(17,555	)	(11,292	)
Franklin Growth and Income VIP Fund (Pinnacle V )	18,518			72,214			(115,076		)	(24,344		)	1,200		(103,260		)	11,214			(4,090		)	(94,936		)	(119,280		)	1,100,145		980,865		19,087	(26,824	)	(7,737	)
Franklin Income VIP Fund (AdvantEdge )	11,585			432			(38,849		)	(26,832		)	—		(46,462		)	(68,704		)	(563		)	(115,729		)	(142,561		)	370,026		227,465		7,750	(16,576	)	(8,826	)
Franklin Income VIP Fund (AnnuiChoice II )	26,556			11,078			(104,082		)	(66,448		)	96,110		(53,738		)	105,562			(406		)	147,528			81,080			679,261		760,341		373,467	(363,496	)	9,971
Franklin Income VIP Fund (AnnuiChoice )	6,078			1,372			(20,285		)	(12,835		)	—		(4,362		)	(15,330		)	(167		)	(19,859		)	(32,694		)	171,576		138,882		22,984	(23,852	)	(868	)
See accompanying notes.
* - 2015 inception date of subaccount.

51

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Class 2 (continued):
Franklin Income VIP Fund (GrandMaster flex3 )	$	36,042		$	43,053		$	(177,385	)	$	(98,290	)	$	360	$	(129,699	)	$	(25,591	)	$	(611	)	$	(155,541	)	$	(253,831	)	$	1,270,348	$	1,016,517	21,479	(28,649	)	(7,170	)
Franklin Income VIP Fund (Grandmaster )	28,642			10,334			(107,349		)	(68,373		)	5,631		(90,017		)	(114,978		)	(196		)	(199,560		)	(267,933		)	945,172		677,239		61,563	(70,627	)	(9,064	)
Franklin Income VIP Fund (IQ Annuity )	33,479			34,644			(158,304		)	(90,181		)	480		(113,067		)	18,484			(762		)	(94,865		)	(185,046		)	1,144,246		959,200		36,942	(41,253	)	(4,311	)
Franklin Income VIP Fund (Pinnacle IV )	69,279			4,378			(253,804		)	(180,147		)	144,129		(538,759		)	(893		)	(499		)	(396,022		)	(576,169		)	2,439,220		1,863,051		153,358	(171,359	)	(18,001	)
Franklin Income VIP Fund (Pinnacle Plus Reduced M&E )	10,173			(1,969		)	(38,426		)	(30,222		)	21,889		(100,200		)	203,260			(285		)	124,664			94,442			296,632		391,074		17,264	(7,702	)	9,562
Franklin Income VIP Fund (Pinnacle Plus )	11,677			(41,715		)	5,459			(24,579		)	—		(159,769		)	(215,860		)	(204		)	(375,833		)	(400,412		)	609,200		208,788		2,713	(22,245	)	(19,532	)
Franklin Income VIP Fund (Pinnacle V )	245,937			43,345			(1,014,532		)	(725,250		)	802,276		(1,066,822		)	1,290,586			(2,925		)	1,023,115			297,865			7,261,695		7,559,560		786,306	(707,360	)	78,946
Franklin Large Cap Growth VIP Fund (AdvantEdge )	(2,403		)	71,655			(61,006		)	8,246			22,656		(52,731		)	(11,637		)	(1,457		)	(43,169		)	(34,923		)	203,422		168,499		8,370	(11,197	)	(2,827	)
Franklin Large Cap Growth VIP Fund (AnnuiChoice II )	(2,472		)	62,895			(51,363		)	9,060			1,876		(4,514		)	19,202			(489		)	16,075			25,135			229,833		254,968		4,810	(3,906	)	904
Franklin Large Cap Growth VIP Fund (AnnuiChoice )	(534		)	25,270			(21,421		)	3,315			—		(2,170		)	(31,630		)	(23		)	(33,823		)	(30,508		)	77,987		47,479		3,043	(4,598	)	(1,555	)
Franklin Large Cap Growth VIP Fund (GrandMaster flex3 )	(119		)	4,827			(3,105		)	1,603			—		(10,859		)	43,955			(11		)	33,085			34,688			10,275		44,963		3,343	(1,661	)	1,682
Franklin Large Cap Growth VIP Fund (Grandmaster )	(439		)	9,759			(8,016		)	1,304			4,479		(487		)	(1,270		)	(10		)	2,712			4,016			36,569		40,585		152	(33	)	119
Franklin Large Cap Growth VIP Fund (IQ Annuity )	(3,045		)	113,207			(91,992		)	18,170			—		(5,423		)	(116,067		)	(62		)	(121,552		)	(103,382		)	301,440		198,058		2,737	(8,340	)	(5,603	)
Franklin Large Cap Growth VIP Fund (Pinnacle )	(1,286		)	28,994			(22,041		)	5,667			633		(24,823		)	6,001			(80		)	(18,269		)	(12,602		)	125,730		113,128		1	(855	)	(854	)
Franklin Large Cap Growth VIP Fund (Pinnacle IV )	(7,383		)	183,668			(151,729		)	24,556			25,034		(30,343		)	(28,479		)	(93		)	(33,881		)	(9,325		)	600,847		591,522		26,244	(27,886	)	(1,642	)
Franklin Large Cap Growth VIP Fund (Pinnacle II Reduced M&E )	(25		)	2,240			(1,738		)	477			—		(6,273		)	—			1			(6,272		)	(5,795		)	5,795		—		—	(287	)	(287	)
Franklin Large Cap Growth VIP Fund (Pinnacle Plus Reduced M&E )	(680		)	19,634			(15,372		)	3,582			—		(4,391		)	9,091			(157		)	4,543			8,125			74,531		82,656		2,619	(2,332	)	287
Franklin Large Cap Growth VIP Fund (Pinnacle Plus )	(2,090		)	35,920			(28,173		)	5,657			—		(18,490		)	(1,393		)	(118		)	(20,001		)	(14,344		)	141,735		127,391		29,235	(30,317	)	(1,082	)
Franklin Large Cap Growth VIP Fund (Pinnacle V )	(13,493		)	300,430			(248,040		)	38,897			67,974		(72,007		)	(9,122		)	(3,325		)	(16,480		)	22,417			998,158		1,020,575		26,686	(27,969	)	(1,283	)
Franklin Mutual Shares VIP Fund (AdvantEdge )	22,169			182,321			(302,106		)	(97,616		)	8,447		(144,590		)	(32,660		)	(11,427		)	(180,230		)	(277,846		)	1,725,223		1,447,377		5,539	(19,098	)	(13,559	)
Franklin Mutual Shares VIP Fund (AnnuiChoice II )	13,411			75,756			(132,004		)	(42,837		)	171,929		(42,580		)	31,678			(3,123		)	157,904			115,067			657,717		772,784		30,727	(18,925	)	11,802
Franklin Mutual Shares VIP Fund (AnnuiChoice )	5,127			23,256			(42,121		)	(13,738		)	58,501		(63,366		)	(20,998		)	(233		)	(26,096		)	(39,834		)	243,161		203,327		15,421	(16,610	)	(1,189	)
Franklin Mutual Shares VIP Fund (GrandMaster flex3 )	10,162			53,249			(106,202		)	(42,791		)	360		(30,846		)	(33,367		)	(299		)	(64,152		)	(106,943		)	737,218		630,275		2,424	(5,413	)	(2,989	)
Franklin Mutual Shares VIP Fund (IQ Advisor Standard )	292			813			(1,748		)	(643		)	—		—			—			—			—			(643		)	11,673		11,030		—	—		—
Franklin Mutual Shares VIP Fund (IQ Annuity )	5,076			32,622			(57,077		)	(19,379		)	1,386		(5,493		)	4,821			(242		)	472			(18,907		)	300,390		281,483		5,097	(5,094	)	3
Franklin Mutual Shares VIP Fund (Pinnacle )	9,002			54,669			(95,354		)	(31,683		)	450		(45,745		)	(98		)	(164		)	(45,557		)	(77,240		)	566,292		489,052		5,548	(7,597	)	(2,049	)
Franklin Mutual Shares VIP Fund (Pinnacle IV )	18,172			119,420			(206,285		)	(68,693		)	3,732		(117,967		)	15,406			(410		)	(99,239		)	(167,932		)	1,178,932		1,011,000		133,371	(137,991	)	(4,620	)
Franklin Mutual Shares VIP Fund (Pinnacle II Reduced M&E )	(4		)	259			(219		)	36			—		(848		)	(27		)	(1		)	(876		)	(840		)	840		—		7	(45	)	(38	)
Franklin Mutual Shares VIP Fund (Pinnacle Plus Reduced M&E )	3,238			11,174			(27,272		)	(12,860		)	—		(16,631		)	166,021			(106		)	149,284			136,424			85,994		222,418		18,624	(8,813	)	9,811
Franklin Mutual Shares VIP Fund (Pinnacle Plus )	3,828			9,007			(26,819		)	(13,984		)	—		(89,120		)	(159,234		)	(199		)	(248,553		)	(262,537		)	417,104		154,567		3,633	(16,644	)	(13,011	)
Franklin Mutual Shares VIP Fund (Pinnacle V )	68,862			454,946			(810,579		)	(286,771		)	836,112		(468,475		)	16,877			(19,214		)	365,300			78,529			4,014,955		4,093,484		472,934	(441,895	)	31,039
Franklin Mutual Shares VIP Fund(Grandmaster )	7,528			62,843			(94,228		)	(23,857		)	—		(53,419		)	(73,989		)	(83		)	(127,491		)	(151,348		)	463,777		312,429		41,649	(47,623	)	(5,974	)
Franklin Small Cap Value VIP Fund (AdvantEdge )	(591		)	11,821			(18,053		)	(6,823		)	4,607		(7,215		)	15,305			(317		)	12,380			5,557			76,642		82,199		1,468	(629	)	839
Franklin Small Cap Value VIP Fund (Annuichoice II )	(544		)	9,332			(12,796		)	(4,008		)	13,160		(3,126		)	8,403			(74		)	18,363			14,355			38,700		53,055		4,837	(3,482	)	1,355
Franklin Small Cap Value VIP Fund (Annuichoice )	(45		)	4,782			(6,040		)	(1,303		)	—		(1,007		)	(22,555		)	(22		)	(23,584		)	(24,887		)	24,887		—		731	(2,463	)	(1,732	)
Franklin Small Cap Value VIP Fund (Grandmaster )	(789		)	22,878			(30,402		)	(8,313		)	—		(6,340		)	(42,901		)	(6		)	(49,247		)	(57,560		)	156,786		99,226		9	(3,454	)	(3,445	)
Franklin Small Cap Value VIP Fund (Grandmaster flex3 )	(215		)	4,318			(6,233		)	(2,130		)	—		(750		)	3,456			(12		)	2,694			564			21,549		22,113		254	(58	)	196
Franklin Small Cap Value VIP Fund (IQ Annuity )	(924		)	16,612			(27,226		)	(11,538		)	702		(8,818		)	(100,866		)	(45		)	(109,027		)	(120,565		)	196,376		75,811		1,985	(10,150	)	(8,165	)
Franklin Small Cap Value VIP Fund (Pinnacle Plus Reduced M&E )	(43		)	1,587			(2,555		)	(1,011		)	—		—			3,376			(2		)	3,374			2,363			8,087		10,450		198	—		198
Franklin Small Cap Value VIP Fund (Pinnacle Plus )	(682		)	(3,323		)	(3,188		)	(7,193		)	—		(16,218		)	2,662			(22		)	(13,578		)	(20,771		)	68,965		48,194		—	(1,176	)	(1,176	)
Franklin Small Cap Value VIP Fund (Pinnacle )	(1,105		)	29,202			(41,213		)	(13,116		)	—		(16,893		)	(11,134		)	(32		)	(28,059		)	(41,175		)	172,081		130,906		20,064	(22,123	)	(2,059	)
Franklin Small Cap Value VIP Fund (Pinnacle IV )	(1,098		)	22,293			(32,883		)	(11,688		)	975		(2,310		)	(6,911		)	(36		)	(8,282		)	(19,970		)	140,796		120,826		698	(1,304	)	(606	)
Franklin Small Cap Value VIP Fund (Pinnacle V )	(2,987		)	67,571			(95,186		)	(30,602		)	18,493		(99,879		)	20,334			(433		)	(61,485		)	(92,087		)	375,000		282,913		5,339	(10,051	)	(4,712	)
Invesco VI American Franchise (AdvantEdge )	(215		)	580			64			429			—		—			(789		)	(121		)	(910		)	(481		)	13,492		13,011		5	(59	)	(54	)
Invesco VI American Franchise (AnnuiChoice II )	(289		)	598			712			1,021			—		(125		)	17,543			(73		)	17,345			18,366			16,597		34,963		1,117	(191	)	926
Invesco VI American Franchise (GrandMaster flex3 )	(207		)	102			508			403			—		—			—			—			—			403			12,860		13,263		2,952	(2,952	)	—
Invesco VI American Franchise (Grandmaster )	(74		)	54			203			183			—		—			—			—			—			183			5,469		5,652		43	(43	)	—
Invesco VI American Franchise (IQ Annuity )	(3		)	14			4			15			453		(432		)	82			(3		)	100			115			—		115		1,466	(1,461	)	5
Invesco VI American Franchise (Pinnacle Plus Reduced M&E )	(3		)	53			(33		)	17			—		(2,403		)	—			(1		)	(2,404		)	(2,387		)	2,387		—		723	(869	)	(146	)
Invesco VI American Franchise (Pinnacle Plus )	(1,240		)	15,400			(9,558		)	4,602			—		(3,038		)	(76,869		)	(54		)	(79,961		)	(75,359		)	106,476		31,117		449	(4,345	)	(3,896	)
Invesco VI American Franchise (Pinnacle )	(255		)	989			(100		)	634			—		(3,968		)	(97		)	(19		)	(4,084		)	(3,450		)	20,894		17,444		2,754	(2,929	)	(175	)
Invesco VI American Franchise (Pinnacle IV )	(2,149		)	13,243			(6,204		)	4,890			—		(15,589		)	1,087			(32		)	(14,534		)	(9,644		)	151,642		141,998		2,065	(2,686	)	(621	)
Invesco VI American Franchise (Pinnacle V )	(1,252		)	29,590			(26,608		)	1,730			—		(61,004		)	(767		)	(189		)	(61,960		)	(60,230		)	123,602		63,372		15,698	(19,693	)	(3,995	)
Invesco VI American Value (AdvantEdge )	(5,559		)	60,806			(92,329		)	(37,082		)	22,464		(60,007		)	(25,887		)	(2,086		)	(65,516		)	(102,598		)	399,141		296,543		8,472	(12,570	)	(4,098	)
Invesco VI American Value (AnnuiChoice II )	(4,146		)	58,237			(95,501		)	(41,410		)	64,831		(10,225		)	156,005			(702		)	209,909			168,499			209,771		378,270		14,380	(1,714	)	12,666
Invesco VI American Value (AnnuiChoice )	(28		)	342			(594		)	(280		)	—		(99		)	—			(10		)	(109		)	(389		)	2,789		2,400		28	(35	)	(7	)
See accompanying notes.
* - 2015 inception date of subaccount.

52

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Class 2 (continued):
Invesco VI American Value (Grandmaster flex3 )	$	(34	)	$	(2	)	$	(1,368	)	$	(1,404	)	$	—	$	—		$	30,955		$	—		$	30,955		$	29,551		$	—	$	29,551	2,029	—		2,029
Invesco VI American Value (Grandmaster )	(361		)	(474		)	(1,329		)	(2,164		)	—		—			(26,366		)	(2		)	(26,368		)	(28,532		)	28,532		—		76	(1,801	)	(1,725	)
Invesco VI American Value (IQ Annuity )	(1,138		)	4,495			(8,234		)	(4,877		)	—		—			(94,576		)	(1		)	(94,577		)	(99,454		)	112,105		12,651		139	(6,099	)	(5,960	)
Invesco VI American Value (Pinnacle Plus Reduced M&E )	(349		)	2,675			(5,377		)	(3,051		)	—		(7,754		)	—			(16		)	(7,770		)	(10,821		)	32,759		21,938		27	(491	)	(464	)
Invesco VI American Value (Pinnacle Plus )	(3,498		)	16,404			(29,823		)	(16,917		)	—		(17,322		)	(93,669		)	(52		)	(111,043		)	(127,960		)	252,690		124,730		—	(6,964	)	(6,964	)
Invesco VI American Value II (Pinnacle V )	(8,831		)	76,560			(144,051		)	(76,322		)	240,399		(30,499		)	39,134			(3,227		)	245,807			169,485			443,940		613,425		56,716	(41,799	)	14,917
Invesco VI American Value II (Pinnacle )	(477		)	1,593			(8,173		)	(7,057		)	730		(13,447		)	23,443			(44		)	10,682			3,625			21,471		25,096		1,946	(1,547	)	399
Invesco VI American Value II (Pinnacle IV )	(858		)	4,505			(9,450		)	(5,803		)	—		(9,449		)	(15,507		)	(40		)	(24,996		)	(30,799		)	67,654		36,855		320	(1,926	)	(1,606	)
Invesco VI Comstock (AdvantEdge )	235			8,235			(24,642		)	(16,172		)	—		(14,335		)	6,365			(884		)	(8,854		)	(25,026		)	228,342		203,316		6,146	(6,670	)	(524	)
Invesco VI Comstock (AnnuiChoice II )	2,527			10,116			(43,294		)	(30,651		)	101,304		(23,695		)	108,821			(1,460		)	184,970			154,319			302,754		457,073		18,220	(6,202	)	12,018
Invesco VI Comstock (AnnuiChoice )	365			875			(5,131		)	(3,891		)	—		(1,037		)	—			(1		)	(1,038		)	(4,929		)	55,385		50,456		1,181	(1,223	)	(42	)
Invesco VI Comstock (GrandMaster flex3 )	151			3,100			(12,905		)	(9,654		)	—		(2,588		)	—			(23		)	(2,611		)	(12,265		)	128,988		116,723		—	(110	)	(110	)
Invesco VI Comstock (Grandmaster )	(750		)	42,836			(42,055		)	31			—		(5,933		)	(142,346		)	(29		)	(148,308		)	(148,277		)	192,436		44,159		2,320	(8,292	)	(5,972	)
Invesco VI Comstock (IQ Annuity )	59			334			(2,362		)	(1,969		)	—		—			—			(19		)	(19		)	(1,988		)	26,107		24,119		3,120	(3,121	)	(1	)
Invesco VI Comstock (Pinnacle Plus Reduced M&E )	335			1,892			(7,356		)	(5,129		)	—		(16,100		)	17,842			(52		)	1,690			(3,439		)	76,357		72,918		1,695	(1,565	)	130
Invesco VI Comstock (Pinnacle Plus )	2			1,582			(6,091		)	(4,507		)	—		(1,536		)	(17,842		)	(96		)	(19,474		)	(23,981		)	67,633		43,652		747	(1,698	)	(951	)
Invesco VI Comstock (Pinnacle )	270			1,093			(7,691		)	(6,328		)	—		(6,358		)	3,861			(18		)	(2,515		)	(8,843		)	89,164		80,321		2,522	(2,620	)	(98	)
Invesco VI Comstock (Pinnacle IV )	564			35,034			(56,435		)	(20,837		)	22,577		(67,844		)	(6,123		)	(65		)	(51,455		)	(72,292		)	312,036		239,744		1,754	(3,955	)	(2,201	)
Invesco VI Comstock (Pinnacle II Reduced M&E )	(8		)	837			(767		)	62			—		(2,298		)	—			(2		)	(2,300		)	(2,238		)	2,238		—		—	(92	)	(92	)
Invesco VI Comstock (Pinnacle V )	3,936			28,158			(135,382		)	(103,288		)	449,410		(23,625		)	18,795			(7,458		)	437,122			333,834			1,003,233		1,337,067		116,220	(82,437	)	33,783
Invesco VI International Growth Class II (Advantedge )	(339		)	1,120			(4,679		)	(3,898		)	—		(4,679		)	(368		)	(198		)	(5,245		)	(9,143		)	101,994		92,851		2,772	(3,237	)	(465	)
Invesco VI International Growth Class II (IQ Advisor Enhanced )	334			(367		)	(8,810		)	(8,843		)	45,599		(176		)	(4,879		)	(415		)	40,129			31,286			163,804		195,090		13,614	(10,130	)	3,484
Invesco VI International Growth Class II (Pinnacle Plus )	103			3,510			(10,701		)	(7,088		)	—		(5,856		)	35,832			(6		)	29,970			22,882			80,626		103,508		6,287	(3,838	)	2,449
Invesco VI International Growth Class II (Pinnacle )	(192		)	3,011			(5,390		)	(2,571		)	—		(4,865		)	(7,683		)	(49		)	(12,597		)	(15,168		)	80,474		65,306		372	(1,499	)	(1,127	)
Invesco VI International Growth Class II (Pinnacle V )	(482		)	9,314			(42,498		)	(33,666		)	217,417		(48,858		)	33,164			(2,916		)	198,807			165,141			472,225		637,366		59,017	(41,493	)	17,524
Invesco VI International Growth II (Grandmaster )	128			(27		)	(3,143		)	(3,042		)	—		—			32,185			(29		)	32,156			29,114			—		29,114		2,740	(3	)	2,737
Templeton Foreign VIP Fund (IQ Annuity )	5,637			20,514			(49,186		)	(23,035		)	1,405		(21,859		)	15,980			(206		)	(4,680		)	(27,715		)	310,050		282,335		6,678	(6,860	)	(182	)
Templeton Foreign VIP (Pinnacle )	4,107			16,618			(34,230		)	(13,505		)	—		(59,314		)	6,685			(73		)	(52,702		)	(66,207		)	248,513		182,306		3,553	(6,041	)	(2,488	)
Templeton Foreign VIP (Pinnacle IV )	15,731			53,018			(126,142		)	(57,393		)	28,608		(150,182		)	(47,695		)	(337		)	(169,606		)	(226,999		)	927,668		700,669		3,025	(11,306	)	(8,281	)
Templeton Foreign VIP (Pinnacle II Reduced M&E )	(8		)	317			(135		)	174			—		(1,947		)	—			1			(1,946		)	(1,772		)	1,772		—		—	(86	)	(86	)
Templeton Foreign VIP (Pinnacle V )	26,869			65,833			(231,959		)	(139,257		)	321,366		(163,159		)	73,329			(6,878		)	224,658			85,401			1,514,587		1,599,988		114,784	(91,547	)	23,237
Templeton Foreign VIP Fund (AnnuiChoice II )	6,051			11,662			(44,768		)	(27,055		)	72,516		(2,920		)	9,835			(770		)	78,661			51,606			274,751		326,357		27,959	(21,322	)	6,637
Templeton Foreign VIP Fund (AnnuiChoice )	1,447			3,070			(9,183		)	(4,666		)	9,773		(14,349		)	112			(51		)	(4,515		)	(9,181		)	64,720		55,539		3,318	(3,539	)	(221	)
Templeton Foreign VIP Fund (AdvantEdge )	7,125			14,808			(55,909		)	(33,976		)	120		(24,734		)	(5,740		)	(2,673		)	(33,027		)	(67,003		)	477,845		410,842		5,678	(8,777	)	(3,099	)
Templeton Foreign VIP Fund (GrandMaster flex3 )	5,588			7,074			(38,573		)	(25,911		)	—		(12,434		)	(436		)	(221		)	(13,091		)	(39,002		)	342,015		303,013		3,412	(4,056	)	(644	)
Templeton Foreign VIP Fund (Grandmaster )	2,058			852			(9,624		)	(6,714		)	—		(14,213		)	(4,558		)	(31		)	(18,802		)	(25,516		)	119,092		93,576		559	(1,422	)	(863	)
Templeton Foreign VIP Fund (Pinnacle Plus Reduced M&E )	2,480			(5,046		)	(11,040		)	(13,606		)	—		(46,638		)	137,916			(65		)	91,213			77,607			77,922		155,529		9,375	(1,371	)	8,004
Templeton Foreign VIP Fund (Pinnacle Plus )	3,493			(14,410		)	2,039			(8,878		)	—		(118,621		)	(136,245		)	(197		)	(255,063		)	(263,941		)	422,490		158,549		234	(13,903	)	(13,669	)
Templeton Global Bond VIP Fund (Pinnacle )*	3,646			(374		)	(6,805		)	(3,533		)	—		(7,789		)	18,132			—			10,343			6,810			63,866		70,676		36,943	(35,819	)	1,124
Templeton Global Bond VIP Fund (Grandmaster )*	294			(1,071		)	94			(683		)	—		(1,037		)	35,472			(10		)	34,425			33,742			6,186		39,928		45,970	(42,280	)	3,690
Templeton Global Bond VIP Fund (GrandMaster flex3 )*	5,081			189			(13,472		)	(8,202		)	—		(3,795		)	108,455			(62		)	104,598			96,396			46,835		143,231		95,622	(84,835	)	10,787
Templeton Global Bond VIP Fund (Pinnacle V )*	3,458			(916		)	(5,254		)	(2,712		)	—		(5,017		)	2,773			(31		)	(2,275		)	(4,987		)	51,523		46,536		106,978	(107,201	)	(223	)
Templeton Global Bond VIP Fund (Pinnacle IV )*	13,697			(7,321		)	(19,619		)	(13,243		)	14,545		(42,250		)	39,288			(30		)	11,553			(1,690		)	178,358		176,668		115,236	(114,297	)	939
Templeton Global Bond VIP Fund (AnnuiChoice II )*	19,277			718			(36,126		)	(16,131		)	—		(832		)	20,552			(100		)	19,620			3,489			292,424		295,913		7,948	(5,871	)	2,077
Templeton Growth VIP Fund (AdvantEdge )	884			2,382			(10,398		)	(7,132		)	—		(5,169		)	2,237			(627		)	(3,559		)	(10,691		)	94,097		83,406		609	(908	)	(299	)
Templeton Growth VIP Fund (AnnuiChoice II )	1,791			7,629			(20,668		)	(11,248		)	—		(5,998		)	42,692			(191		)	36,503			25,255			97,177		122,432		14,462	(11,512	)	2,950
Templeton Growth VIP Fund (AnnuiChoice )	427			58			(2,504		)	(2,019		)	—		—			28			(15		)	13			(2,006		)	27,208		25,202		2,181	(2,180	)	1
Templeton Growth VIP Fund (GrandMaster flex3 )	3,990			5,541			(38,196		)	(28,665		)	360		(52,370		)	(266		)	(199		)	(52,475		)	(81,140		)	391,083		309,943		215	(3,041	)	(2,826	)
Templeton Growth VIP Fund (Grandmaster )	1,057			4,070			(11,728		)	(6,601		)	—		(16,306		)	—			(11		)	(16,317		)	(22,918		)	99,999		77,081		573	(1,406	)	(833	)
Templeton Growth VIP Fund (IQ Advisor Standard )	216			3			(993		)	(774		)	—		—			—			—			—			(774		)	10,975		10,201		—	—		—
Templeton Growth VIP Fund (IQ Annuity )	2,577			8,306			(28,098		)	(17,215		)	453		(30,566		)	3,135			(176		)	(27,154		)	(44,369		)	241,533		197,164		3,699	(5,114	)	(1,415	)
Templeton Growth VIP Fund (Pinnacle )	1,765			1,077			(13,824		)	(10,982		)	—		(6,672		)	94			(56		)	(6,634		)	(17,616		)	146,904		129,288		9,099	(9,441	)	(342	)
Templeton Growth VIP Fund (Pinnacle IV )	8,448			62,080			(126,482		)	(55,954		)	9,272		(100,398		)	(11,562		)	(80		)	(102,768		)	(158,722		)	790,508		631,786		1,541	(6,925	)	(5,384	)
Templeton Growth VIP Fund (Pinnacle II Reduced M&E )	167			28			(1,046		)	(851		)	—		—			—			(5		)	(5		)	(856		)	11,330		10,474		—	—		—
Templeton Growth VIP Fund (Pinnacle Plus Reduced M&E )	707			(527		)	(7,949		)	(7,769		)	—		(8,272		)	48,596			(54		)	40,270			32,501			50,960		83,461		9,452	(6,656	)	2,796
Templeton Growth VIP Fund (Pinnacle Plus )	1,584			(12,228		)	4,714			(5,930		)	—		(98,818		)	(48,596		)	(53		)	(147,467		)	(153,397		)	235,699		82,302		1,731	(10,057	)	(8,326	)
See accompanying notes.
* - 2015 inception date of subaccount.

53

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Class 2 (continued):
Templeton Growth VIP Fund (Pinnacle V )	$	6,749		$	76,783		$	(132,870	)	$	(49,338	)	$	14,193	$	(212,370	)	$	(30,711	)	$	(1,279	)	$	(230,167	)	$	(279,505	)	$	812,299	$	532,794	41,728	(65,240	)	(23,512	)
Morgan Stanley UIF Emerging Markets Debt (AdvantEdge )	7,036			(145		)	(12,876		)	(5,985		)	22,464		(1,955		)	941			(1,219		)	20,231			14,246			166,459		180,705		7,727	(6,222	)	1,505
Morgan Stanley UIF Emerging Markets Debt (AnnuiChoice II )	4,456			(3,300		)	(3,853		)	(2,697		)	19,691		(9,976		)	(7,455		)	(78		)	2,182			(515		)	72,853		72,338		8,055	(7,966	)	89
Morgan Stanley UIF Emerging Markets Debt (AnnuiChoice )	4,086			(13		)	(6,131		)	(2,058		)	41,179		(41,183		)	—			(94		)	(98		)	(2,156		)	95,277		93,121		1,492	(1,499	)	(7	)
Morgan Stanley UIF Emerging Markets Debt (GrandMaster flex3 )	4,721			(208		)	(7,953		)	(3,440		)	—		(395		)	321			(3		)	(77		)	(3,517		)	126,963		123,446		18,203	(18,209	)	(6	)
Morgan Stanley UIF Emerging Markets Debt (Grandmaster )	45			(1		)	(73		)	(29		)	—		—			—			(1		)	(1		)	(30		)	1,147		1,117		2,525	(2,525	)	—
Morgan Stanley UIF Emerging Markets Debt (IQ Annuity )	5,774			36			(9,825		)	(4,015		)	—		(5,774		)	2,260			(150		)	(3,664		)	(7,679		)	154,632		146,953		3,149	(3,318	)	(169	)
Morgan Stanley UIF Emerging Markets Debt (Pinnacle IV )	1,940			(1,185		)	(1,948		)	(1,193		)	—		(8,069		)	(1,854		)	(46		)	(9,969		)	(11,162		)	58,027		46,865		10,698	(11,450	)	(752	)
Morgan Stanley UIF Emerging Markets Debt (Pinnacle Plus Reduced M&E )	2,057			(739		)	(3,514		)	(2,196		)	—		(4,230		)	47,382			(103		)	43,049			40,853			44,708		85,561		4,392	(428	)	3,964
Morgan Stanley UIF Emerging Markets Debt (Pinnacle Plus )	4,377			(5,844		)	(695		)	(2,162		)	—		(1,860		)	(47,382		)	(174		)	(49,416		)	(51,578		)	127,758		76,180		29	(2,628	)	(2,599	)
Morgan Stanley UIF Emerging Markets Debt (Pinnacle V )	10,553			(8,060		)	(8,280		)	(5,787		)	32,512		(115,407		)	(15,674		)	(954		)	(99,523		)	(105,310		)	388,209		282,899		34,615	(42,107	)	(7,492	)
Morgan Stanley UIF Emerging Markets Equity (AdvantEdge )	(3,083		)	5,921			(46,619		)	(43,781		)	27,071		(20,035		)	(2,881		)	(2,296		)	1,859			(41,922		)	375,580		333,658		7,558	(7,032	)	526
Morgan Stanley UIF Emerging Markets Equity (AnnuiChoice II )	(278		)	(240		)	(9,401		)	(9,919		)	5,452		(1,149		)	14,636			(159		)	18,780			8,861			62,434		71,295		6,835	(5,359	)	1,476
Morgan Stanley UIF Emerging Markets Equity (AnnuiChoice )	(168		)	1,647			(10,055		)	(8,576		)	26,438		(26,821		)	(29,187		)	(52		)	(29,622		)	(38,198		)	90,769		52,571		693	(1,637	)	(944	)
Morgan Stanley UIF Emerging Markets Equity (GrandMaster flex3 )	(1,138		)	3,884			(20,107		)	(17,361		)	—		(14,408		)	7,263			(81		)	(7,226		)	(24,587		)	149,302		124,715		835	(1,075	)	(240	)
Morgan Stanley UIF Emerging Markets Equity (Grandmaster )	(1,408		)	(14,602		)	(7,710		)	(23,720		)	3,998		(27,397		)	(223,842		)	(94		)	(247,335		)	(271,055		)	345,104		74,049		115	(8,325	)	(8,210	)
Morgan Stanley UIF Emerging Markets Equity (IQ Annuity )	(2,278		)	9,491			(45,463		)	(38,250		)	—		(4,139		)	118			(177		)	(4,198		)	(42,448		)	331,703		289,255		952	(1,047	)	(95	)
Morgan Stanley UIF Emerging Markets Equity (Pinnacle )	(714		)	2,356			(15,010		)	(13,368		)	—		(24,434		)	7,933			(103		)	(16,604		)	(29,972		)	134,729		104,757		2,566	(3,063	)	(497	)
Morgan Stanley UIF Emerging Markets Equity (Pinnacle IV )	(3,134		)	(4,204		)	(42,586		)	(49,924		)	25,469		(69,872		)	(152,169		)	(283		)	(196,855		)	(246,779		)	536,762		289,983		1,299	(7,896	)	(6,597	)
Morgan Stanley UIF Emerging Markets Equity (Pinnacle Plus Reduced M&E )	(246		)	(316		)	(5,957		)	(6,519		)	—		(12,674		)	50,905			(45		)	38,186			31,667			36,776		68,443		4,627	(131	)	4,496
Morgan Stanley UIF Emerging Markets Equity (Pinnacle Plus )	(3,425		)	(2,462		)	(26,303		)	(32,190		)	—		(129,424		)	(51,651		)	(243		)	(181,318		)	(213,508		)	440,049		226,541		185	(6,961	)	(6,776	)
Morgan Stanley UIF Emerging Markets Equity (Pinnacle V )	(6,367		)	16,151			(93,432		)	(83,648		)	46,837		(185,795		)	(460		)	(2,586		)	(142,004		)	(225,652		)	861,606		635,954		28,342	(43,671	)	(15,329	)
Morgan Stanley UIF U. S. Real Estate (Pinnacle Plus Reduced M&E )	(153		)	2,706			1,641			4,194			—		(19,934		)	94,673			(125		)	74,614			78,808			86,729		165,537		7,515	(2,636	)	4,879
Morgan Stanley UIF U. S. Real Estate (Pinnacle Plus )	(2,093		)	28,916			(32,116		)	(5,293		)	—		(117,453		)	(192,320		)	(413		)	(310,186		)	(315,479		)	631,661		316,182		3,754	(14,765	)	(11,011	)
Morgan Stanley UIF U.S. Real Estate (AdvantEdge )	(1,309		)	12,310			(9,965		)	1,036			1,872		(17,048		)	(2,573		)	(1,776		)	(19,525		)	(18,489		)	315,032		296,543		4,961	(6,256	)	(1,295	)
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice II )	70			2,645			(1,082		)	1,633			27,173		(7,447		)	106,807			(221		)	126,312			127,945			153,549		281,494		19,414	(8,747	)	10,667
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice )	10			388			(333		)	65			—		(116		)	(1,720		)	(12		)	(1,848		)	(1,783		)	4,346		2,563		8,057	(8,208	)	(151	)
Morgan Stanley UIF U.S. Real Estate (Grandmaster flex3 )	(257		)	3,792			(3,552		)	(17		)	—		(3,630		)	4,207			(43		)	534			517			64,777		65,294		7,949	(7,923	)	26
Morgan Stanley UIF U.S. Real Estate (Grandmaster )	(108		)	4,344			(3,780		)	456			—		(13,233		)	7,103			(20		)	(6,150		)	(5,694		)	82,087		76,393		4,918	(5,095	)	(177	)
Morgan Stanley UIF U.S. Real Estate (IQ Annuity )	(346		)	43,839			(43,957		)	(464		)	983		(6,824		)	(66,635		)	(127		)	(72,603		)	(73,067		)	247,538		174,471		227	(2,387	)	(2,160	)
Morgan Stanley UIF U.S. Real Estate (Pinnacle IV )	(2,090		)	68,491			(65,339		)	1,062			3,276		(209,976		)	9,769			(343		)	(197,274		)	(196,212		)	648,304		452,092		66,050	(83,249	)	(17,199	)
Morgan Stanley UIF U.S. Real Estate (Pinnacle V )	(4,413		)	89,890			(77,370		)	8,107			136,091		(205,044		)	(15,507		)	(3,297		)	(87,757		)	(79,650		)	1,127,099		1,047,449		58,010	(64,820	)	(6,810	)
Non-Affiliated Class 3:
BlackRock Capital Appreciation VI (Advantedge )	(4,507		)	28,818			(8,825		)	15,486			—		(40,816		)	(11,985		)	(1,072		)	(53,873		)	(38,387		)	299,294		260,907		136	(3,968	)	(3,832	)
BlackRock Capital Appreciation VI (AnnuiChoice II )	(1,578		)	14,454			(6,408		)	6,468			1,876		(631		)	78,398			(249		)	79,394			85,862			109,033		194,895		12,988	(7,334	)	5,654
BlackRock Capital Appreciation VI (Annuichoice )	(4		)	26			(5		)	17			—		—			—			(4		)	(4		)	13			313		326		1,001	(1,001	)	—
BlackRock Capital Appreciation VI (Grandmaster flex3 )	(149		)	785			(182		)	454			—		—			—			(11		)	(11		)	443			9,159		9,602		164	(165	)	(1	)
BlackRock Capital Appreciation VI Class III (Grandmaster )	(810		)	8,403			(10,892		)	(3,299		)	—		(17		)	107,368			(17		)	107,334			104,035			4,971		109,006		7,543	(138	)	7,405
BlackRock Capital Appreciation VI Class III (Pinnacle )	(335		)	3,092			(2,888		)	(131		)	—		(63		)	37,025			(24		)	36,938			36,807			9,194		46,001		5,576	(2,983	)	2,593
BlackRock Capital Appreciation VI Class III (Pinnacle IV )	(712		)	2,330			1,234			2,852			—		(12,614		)	(1,282		)	(80		)	(13,976		)	(11,124		)	56,447		45,323		261	(1,264	)	(1,003	)
BlackRock Capital Appreciation VI Class III (Pinnacle V )	(13,127		)	78,307			(25,720		)	39,460			75,218		(19,237		)	(18,881		)	(2,314		)	34,786			74,246			798,628		872,874		50,992	(48,496	)	2,496
BlackRock Global Allocation VI (Advantedge )	(2,984		)	27,045			(36,879		)	(12,818		)	—		(85,245		)	(3,024		)	(2,006		)	(90,275		)	(103,093		)	515,472		412,379		2,434	(10,887	)	(8,453	)
BlackRock Global Allocation VI (AnnuiChoice II )	(72		)	9,427			(14,206		)	(4,851		)	53,736		(10,078		)	6,434			(63		)	50,029			45,178			112,270		157,448		10,455	(6,070	)	4,385
BlackRock Global Allocation VI (Annuichoice )	10			1,949			(2,716		)	(757		)	19,345		(21,772		)	21			(30		)	(2,436		)	(3,193		)	39,245		36,052		10,700	(10,921	)	(221	)
BlackRock Global Allocation VI (Grandmaster flex3 )	(941		)	4,097			(7,415		)	(4,259		)	—		(31,835		)	14,041			(190		)	(17,984		)	(22,243		)	198,251		176,008		1,260	(2,877	)	(1,617	)
BlackRock Global Allocation VI (Grandmaster )	(49		)	36			(115		)	(128		)	440		(4,038		)	158			(11		)	(3,451		)	(3,579		)	10,282		6,703		4,646	(4,957	)	(311	)
BlackRock Global Allocation VI Class III (Pinnacle )	(97		)	519			(818		)	(396		)	—		(10,794		)	11,038			(50		)	194			(202		)	20,968		20,766		20,109	(20,082	)	27
BlackRock Global Allocation VI Class III (Pinnacle IV )	(171		)	1,752			(2,684		)	(1,103		)	—		(8,603		)	12,500			(69		)	3,828			2,725			39,339		42,064		3,471	(3,127	)	344
BlackRock Global Allocation VI Class III (Pinnacle V )	(1,255		)	7,930			(16,349		)	(9,674		)	31,688		(61,072		)	90,460			(460		)	60,616			50,942			190,959		241,901		12,188	(6,948	)	5,240
TOPS Managed Risk Moderate Growth ETF (AnnuiChoice II)*	52			150			(852		)	(650		)	8,250		—			110			(33		)	8,327			7,677			—		7,677		3,679	(2,900	)	779
TOPS Managed Risk Moderate Growth ETF (Pinnacle IV )*	(351		)	5,886			(13,277		)	(7,742		)	62,745		(59,144		)	22,779			(584		)	25,796			18,054			105,588		123,642		78,612	(75,904	)	2,708
Non-Affiliated Class 4:
American Funds Capital Income Builder (Pinnacle IV )	117			(2		)	(1,116		)	(1,001		)	—		—			35,000			—			35,000			33,999			—		33,999		3,649	—		3,649
American Funds Capital Income Builder (Pinnacle V ) (Restated)**	1,641			(1,570		)	(2,189		)	(2,118		)	105,264		(512		)	671			(332		)	105,091			102,973			—		102,973		16,392	(5,306	)	11,086
American Funds Capital Income Builder (AnnuiChoice II )	2,124			(88		)	(3,068		)	(1,032		)	135,634		(1,821		)	8,185			—			141,998			140,966			—		140,966		16,874	(1,775	)	15,099
American Funds Global Growth (AdvantEdge )*	(107		)	1,990			(850		)	1,033			—		—			11,594			(149		)	11,445			12,478			8,427		20,905		13,276	(12,184	)	1,092
See accompanying notes.
* - 2015 inception date of subaccount.
**For more information see "Error Correction" section of Note 1 to the financial statements.

54

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Non-Affiliated Class 4 (continued):
American Funds Global Growth (AnnuiChoice )*	$	203		$	14		$	(89	)	$	128		$	—	$	(720	)	$	30,464		$	(3	)	$	29,741		$	29,869		$	—	$	29,869	29,383	(26,711	)	2,672
American Funds Global Growth (AnnuiChoice II )*	1,359			33,704			(45,458		)	(10,395		)	360,435		(1,686		)	127,392			(34		)	486,107			475,712			19,578		495,290		44,114	(1,518	)	42,596
American Funds Global Growth (GrandMaster )*	2,324			245			(2,667		)	(98		)	—		(7,007		)	401,953			(32		)	394,914			394,816			—		394,816		94,819	(59,239	)	35,580
American Funds Global Growth (GrandMaster flex3 )*	(73		)	2,824			(2,069		)	682			—		(70		)	32,140			—			32,070			32,752			—		32,752		12,840	(9,876	)	2,964
American Funds Global Growth (Pinnacle )*	(2		)	38			(16		)	20			—		(41		)	—			(2		)	(43		)	(23		)	408		385		4,214	(4,218	)	(4	)
American Funds Global Growth (Pinnacle IV )*	1,660			93			(855		)	898			—		(2,851		)	288,051			(23		)	285,177			286,075			—		286,075		228,832	(202,998	)	25,834
American Funds Global Growth (Pinnacle V )*	460			3,420			(3,311		)	569			181,921		(1,380		)	45,450			(1,044		)	224,947			225,516			31,112		256,628		611,306	(591,040	)	20,266
American Funds Growth (AnnuiChoice II )*	(258		)	23,497			(18,437		)	4,802			17,829		(983		)	51,405			(32		)	68,219			73,021			61,533		134,554		6,463	(534	)	5,929
American Funds Growth (Pinnacle )*	(11		)	174			(52		)	111			—		(2,517		)	—			—			(2,517		)	(2,406		)	2,406		—		2,454	(2,670	)	(216	)
American Funds Growth (Pinnacle IV )*	10			(2		)	(66		)	(58		)	—		—			6,500			—			6,500			6,442			—		6,442		4,625	(4,074	)	551
American Funds Growth (Pinnacle V )*	21			2,256			(2,047		)	230			26,959		—			—			(6		)	26,953			27,183			—		27,183		52,540	(50,209	)	2,331
American Funds Growth-Income (AdvantEdge )*	1			3,485			(3,614		)	(128		)	—		—			24,587			(295		)	24,292			24,164			—		24,164		15,234	(13,094	)	2,140
American Funds Growth-Income (AnnuiChoice II )*	(2,339		)	48,669			(39,233		)	7,097			186,119		(5,619		)	(417,560		)	(206		)	(237,266		)	(230,169		)	499,824		269,655		10,159	(30,380	)	(20,221	)
American Funds Growth-Income (GrandMaster )*	949			1,316			(3,872		)	(1,607		)	—		(4,166		)	106,417			(14		)	102,237			100,630			21,991		122,621		104,303	(95,432	)	8,871
American Funds Growth-Income (Pinnacle )*	43			1,655			(1,833		)	(135		)	—		—			3,834			—			3,834			3,699			11,287		14,986		1,979	(1,652	)	327
American Funds Growth-Income (Pinnacle IV )*	329			4,793			(6,567		)	(1,445		)	—		(8,304		)	43,963			—			35,659			34,214			31,544		65,758		280,248	(277,220	)	3,028
American Funds Growth-Income (Pinnacle V )*	2,121			58,299			(67,040		)	(6,620		)	608,765		(23,013		)	39,609			(2,012		)	623,349			616,729			131,532		748,261		677,441	(622,824	)	54,617
American Funds New World (AdvantEdge )*	(118		)	641			(1,161		)	(638		)	—		—			12,739			(148		)	12,591			11,953			—		11,953		2,478	(1,129	)	1,349
American Funds New World (AnnuiChoice )*	6			5			(158		)	(147		)	—		(508		)	21,760			(2		)	21,250			21,103			—		21,103		2,352	—		2,352
American Funds New World (AnnuiChoice II )*	(313		)	4,432			(10,513		)	(6,394		)	48,234		(808		)	77,862			(136		)	125,152			118,758			6,678		125,436		13,373	(65	)	13,308
American Funds New World (GrandMaster )*	(91		)	(41		)	(1,633		)	(1,765		)	—		(3,120		)	223,766			(14		)	220,632			218,867			—		218,867		24,567	—		24,567
American Funds New World (GrandMaster flex3 )*	(59		)	382			(837		)	(514		)	—		(50		)	9,596			—			9,546			9,032			—		9,032		1,972	(954	)	1,018
American Funds New World (Pinnacle )*	(147		)	208			(1,039		)	(978		)	—		(4,747		)	21,226			—			16,479			15,501			19,241		34,742		3,131	(1,290	)	1,841
American Funds New World (Pinnacle IV )*	(375		)	(63		)	(2,229		)	(2,667		)	—		(2,262		)	202,454			(13		)	200,179			197,512			29,857		227,369		22,434	(57	)	22,377
American Funds New World (Pinnacle V )*	(933		)	(6,240		)	1,932			(5,241		)	58,836		(32,958		)	83,478			(605		)	108,751			103,510			67,357		170,867		12,191	(154	)	12,037
Non-Affiliated Class A:
Deutsche Small Cap Index VIP (Pinnacle )	(1,520		)	63,481			(90,963		)	(29,002		)	9,458		(37,813		)	(24,546		)	(133		)	(53,034		)	(82,036		)	566,308		484,272		1,368	(3,420	)	(2,052	)
Deutsche Small Cap Index VIP (Pinnacle IV )	3			3,525			(4,425		)	(897		)	—		(9,119		)	—			(2		)	(9,121		)	(10,018		)	10,631		613		—	(405	)	(405	)
Deutsche Small Cap Index VIP (Pinnacle II Reduced M&E )	(3		)	240			(413		)	(176		)	—		—			—			(7		)	(7		)	(183		)	3,121		2,938		321	(321	)	—
Non-Affiliated Class B:
Deutsche Small Cap Index (AdvantEdge )	213			3,278			(5,213		)	(1,722		)	—		(15,742		)	—			(67		)	(15,809		)	(17,531		)	37,813		20,282		—	(979	)	(979	)
Deutsche Small Cap Index (AnnuiChoice II )	(550		)	25,092			(56,672		)	(32,130		)	260,862		(3,423		)	9,390			(137		)	266,692			234,562			92,245		326,807		20,690	(4,981	)	15,709
Deutsche Small Cap Index (AnnuiChoice )	(57		)	1,984			(3,342		)	(1,415		)	12,417		(12,819		)	—			(20		)	(422		)	(1,837		)	24,452		22,615		8,006	(8,025	)	(19	)
Deutsche Small Cap Index (GrandMaster flex3 )	(612		)	12,508			(16,424		)	(4,528		)	—		(5,082		)	(6,674		)	(17		)	(11,773		)	(16,301		)	77,073		60,772		232	(752	)	(520	)
Deutsche Small Cap Index (Grandmaster )	(126		)	2,929			(4,618		)	(1,815		)	—		(833		)	291			(19		)	(561		)	(2,376		)	25,282		22,906		1,191	(1,235	)	(44	)
Deutsche Small Cap Index (IQ3 )	(641		)	12,933			(18,240		)	(5,948		)	453		(1,570		)	(20,547		)	(46		)	(21,710		)	(27,658		)	103,079		75,421		498	(1,535	)	(1,037	)
Deutsche Small Cap Index (Pinnacle Plus Reduced M&E )	(676		)	11,715			(22,076		)	(11,037		)	—		(7,319		)	19,597			(91		)	12,187			1,150			161,501		162,651		1,671	(998	)	673
Deutsche Small Cap Index (Pinnacle Plus )	(697		)	9,010			(12,500		)	(4,187		)	—		(1,110		)	(10,970		)	(57		)	(12,137		)	(16,324		)	82,225		65,901		738	(1,262	)	(524	)
Deutsche Small Cap Index VIP (Pinnacle IV )	(1,339		)	59,090			(69,167		)	(11,416		)	—		(66,701		)	14,579			(49		)	(52,171		)	(63,587		)	247,684		184,097		172	(2,523	)	(2,351	)
Deutsche Small Cap Index VIP (Pinnacle V )	(1,406		)	46,223			(55,629		)	(10,812		)	43,216		(58,274		)	3,704			(480		)	(11,834		)	(22,646		)	189,392		166,746		5,538	(6,359	)	(821	)
Advisor Class:
Pimco VIT All Asset (AdvantEdge )	2,506			(7,465		)	(11,453		)	(16,412		)	—		(40,175		)	(5,373		)	(1,335		)	(46,883		)	(63,295		)	203,214		139,919		2,574	(6,417	)	(3,843	)
Pimco VIT All Asset (IQ Annuity )	2,161			(321		)	(14,971		)	(13,131		)	—		(7,543		)	(4,081		)	(87		)	(11,711		)	(24,842		)	138,414		113,572		2,287	(3,233	)	(946	)
Pimco VIT All Asset (Pinnacle )	776			(298		)	(4,904		)	(4,426		)	—		(5,661		)	449			(9		)	(5,221		)	(9,647		)	48,686		39,039		10,468	(10,885	)	(417	)
Pimco VIT All Asset (AnnuiChoice II )	2,026			(11,231		)	(2,791		)	(11,996		)	1,876		(14,472		)	(91,887		)	(136		)	(104,619		)	(116,615		)	216,740		100,125		762	(9,163	)	(8,401	)
Pimco VIT All Asset (AnnuiChoice )	346			(698		)	(1,373		)	(1,725		)	—		—			(3,461		)	(34		)	(3,495		)	(5,220		)	18,339		13,119		10,266	(10,565	)	(299	)
Pimco VIT All Asset (GrandMaster flex3 )	(148		)	(9,148		)	5,807			(3,489		)	—		(1,680		)	(81,627		)	(71		)	(83,378		)	(86,867		)	88,027		1,160		2,806	(9,983	)	(7,177	)
Pimco VIT All Asset (Grandmaster )	6,301			(5,177		)	(39,100		)	(37,976		)	—		(35,568		)	—			(10		)	(35,578		)	(73,554		)	386,661		313,107		20,218	(23,252	)	(3,034	)
Pimco VIT All Asset (Pinnacle IV )	8,175			(48,846		)	(14,589		)	(55,260		)	—		(17,255		)	(482,504		)	(55		)	(499,814		)	(555,074		)	964,195		409,121		559	(41,904	)	(41,345	)
Pimco VIT All Asset (Pinnacle Plus Reduced M&E )	574			(858		)	(2,708		)	(2,992		)	—		(4,770		)	17,298			(2		)	12,526			9,534			16,212		25,746		1,131	(13	)	1,118
Pimco VIT All Asset (Pinnacle Plus )	1,166			(8,888		)	(1,424		)	(9,146		)	—		(8,345		)	(80,009		)	(112		)	(88,466		)	(97,612		)	173,063		75,451		—	(7,389	)	(7,389	)
Pimco VIT All Asset (Pinnacle V )	6,404			(4,832		)	(42,498		)	(40,926		)	50,512		(10,570		)	(6,828		)	(1,317		)	31,797			(9,129		)	357,556		348,427		26,914	(24,273	)	2,641
Pimco VIT Commodity Real Return (Pinnacle )	3,311			(17,790		)	(17,428		)	(31,907		)	303		(3,712		)	5,135			(66		)	1,660			(30,247		)	114,544		84,297		1,892	(1,814	)	78
Pimco VIT Commodity Real Return (Pinnacle IV )	2,609			(17,370		)	(8,955		)	(23,716		)	10		(9,168		)	6,665			(100		)	(2,593		)	(26,309		)	92,797		66,488		23,953	(24,344	)	(391	)
Pimco VIT Commodity Real Return (Pinnacle V )	21,473			(86,535		)	(184,122		)	(249,184		)	142,868		(68,915		)	96,669			(2,861		)	167,761			(81,423		)	819,788		738,365		126,892	(90,360	)	36,532
Pimco VIT Commodity Real Return Strategy (AdvantEdge )	11,137			(35,805		)	(94,642		)	(119,310		)	4,679		(19,322		)	86,214			(3,295		)	68,276			(51,034		)	406,903		355,869		19,967	(4,536	)	15,431
See accompanying notes.
* - 2015 inception date of subaccount.

55

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Advisor Class (continued):
Pimco VIT Commodity Real Return Strategy (AnnuiChoice II )	$	6,758		$	(47,340	)	$	17,677		$	(22,905	)	$	18,086	$	(1,558	)	$	(36,714	)	$	(395	)	$	(20,581	)	$	(43,486	)	$	124,687	$	81,201	20,474	(23,138	)	(2,664	)
Pimco VIT Commodity Real Return Strategy (AnnuiChoice )	133			(1,164		)	222			(809		)	—		(1,638		)	(107		)	(14		)	(1,759		)	(2,568		)	4,172		1,604		654	(1,028	)	(374	)
Pimco VIT Commodity Real Return Strategy (Grandmaster )	3,208			(25,322		)	(511		)	(22,625		)	—		(937		)	(27,409		)	(41		)	(28,387		)	(51,012		)	110,465		59,453		1,440	(7,081	)	(5,641	)
Pimco VIT Commodity Real Return Strategy (IQ Annuity )	3,934			(4,241		)	(44,577		)	(44,884		)	1,124		(4,283		)	41,771			(99		)	38,513			(6,371		)	144,906		138,535		53,657	(45,117	)	8,540
Pimco VIT Commodity Real Return Strategy (GrandMaster flex3 )	431			(4,436		)	317			(3,688		)	—		(254		)	(4,255		)	(18		)	(4,527		)	(8,215		)	16,123		7,908		1,143	(2,177	)	(1,034	)
Pimco VIT Commodity Real Return Strategy (Pinnacle Plus Reduced M&E )	839			(4,745		)	(2,650		)	(6,556		)	—		(7,028		)	347			(18		)	(6,699		)	(13,255		)	27,633		14,378		968	(2,129	)	(1,161	)
Pimco VIT Commodity Real Return Strategy (Pinnacle Plus )	2,657			(5,360		)	(25,481		)	(28,184		)	—		(5,919		)	92			(54		)	(5,881		)	(34,065		)	106,894		72,829		241	(1,665	)	(1,424	)
Pimco VIT Long Term Government (AnnuiChoice II )	826			(2		)	(4,156		)	(3,332		)	38,102		—			54,714			(6		)	92,810			89,478			4,631		94,109		8,877	(2	)	8,875
Pimco VIT Long Term Government (Pinnacle )	11			(10,006		)	—			(9,995		)	—		—			9,994			1			9,995			—			—		—		—	—		—
Pimco VIT Low Duration (AnnuiChoice II )	3,526			394			(5,158		)	(1,238		)	45,452		(7,157		)	8,212			(165		)	46,342			45,104			124,472		169,576		123,247	(119,205	)	4,042
Pimco VIT Low Duration (AnnuiChoice )	68			2			(93		)	(23		)	—		(422		)	(429		)	(6		)	(857		)	(880		)	3,659		2,779		5,377	(5,450	)	(73	)
Pimco VIT Low Duration (GrandMaster flex3 )	1,643			(145		)	(2,715		)	(1,217		)	—		(1,198		)	(5,657		)	(21		)	(6,876		)	(8,093		)	98,955		90,862		1,968,085	(1,968,694	)	(609	)
Pimco VIT Low Duration (Grandmaster )	4,519			6			(7,115		)	(2,590		)	24,000		(340		)	—			(30		)	23,630			21,040			203,343		224,383		144,022	(141,956	)	2,066
Pimco VIT Low Duration (IQ Annuity )	11,610			174			(19,493		)	(7,709		)	—		(25,729		)	(1,553		)	(50		)	(27,332		)	(35,041		)	638,708		603,667		139,019	(141,443	)	(2,424	)
Pimco VIT Low Duration (Pinnacle )	523			48			(872		)	(301		)	—		(1,489		)	1,240			(36		)	(285		)	(586		)	26,288		25,702		789,479	(789,505	)	(26	)
Pimco VIT Low Duration (Pinnacle IV )	1,015			(38		)	(1,515		)	(538		)	—		(1,589		)	11,012			(30		)	9,393			8,855			45,400		54,255		56,691	(55,849	)	842
Pimco VIT Low Duration (AdvantEdge )	1,285			409			(2,805		)	(1,111		)	—		(72,577		)	8,295			(167		)	(64,449		)	(65,560		)	140,872		75,312		3,389	(9,151	)	(5,762	)
Pimco VIT Low Duration (Pinnacle Plus Reduced M&E )	286			(9		)	(420		)	(143		)	—		(1,148		)	11,753			(1		)	10,604			10,461			2,044		12,505		2,596	(1,556	)	1,040
Pimco VIT Low Duration (Pinnacle Plus )	423			(2,575		)	856			(1,296		)	—		(97,554		)	(11,753		)	(130		)	(109,437		)	(110,733		)	131,969		21,236		2,574	(12,447	)	(9,873	)
Pimco VIT Low Duration (Pinnacle V )	15,269			(354		)	(27,345		)	(12,430		)	74,216		(165,675		)	30,968			(562		)	(61,053		)	(73,483		)	906,222		832,739		91,574	(97,115	)	(5,541	)
Pimco VIT Real Return (Pinnacle IV )	2,027			(1,390		)	(3,770		)	(3,133		)	—		(22,283		)	1,787			(54		)	(20,550		)	(23,683		)	100,689		77,006		108	(1,829	)	(1,721	)
Pimco VIT Real Return (AdvantEdge )	171			(5,076		)	2,822			(2,083		)	—		—			(79,673		)	(265		)	(79,938		)	(82,021		)	115,241		33,220		41	(6,939	)	(6,898	)
Pimco VIT Real Return (AnnuiChoice II )	5,430			(2,259		)	(10,313		)	(7,142		)	120		(3,794		)	29,759			(195		)	25,890			18,748			158,690		177,438		11,709	(9,551	)	2,158
Pimco VIT Real Return (AnnuiChoice )	2,934			(101		)	(6,479		)	(3,646		)	85,713		(85,720		)	—			—			(7		)	(3,653		)	96,625		92,972		2,392	(2,393	)	(1	)
Pimco VIT Real Return (GrandMaster flex3 )	1,306			(4		)	(3,575		)	(2,273		)	—		—			9,268			(34		)	9,234			6,961			42,972		49,933		5,171	(4,386	)	785
Pimco VIT Real Return (Grandmaster )	783			(370		)	(1,671		)	(1,258		)	—		(2,005		)	—			(19		)	(2,024		)	(3,282		)	31,881		28,599		2,578	(2,751	)	(173	)
Pimco VIT Real Return (IQ Annuity )	6,348			74			(16,891		)	(10,469		)	—		(6,241		)	5,400			(17		)	(858		)	(11,327		)	248,254		236,927		4,789	(4,866	)	(77	)
Pimco VIT Real Return (Pinnacle )	2,392			(253		)	(5,842		)	(3,703		)	—		(849		)	(176		)	(15		)	(1,040		)	(4,743		)	90,758		86,015		13,517	(13,605	)	(88	)
Pimco VIT Real Return (Pinnacle Plus Reduced M&E )	383			(10		)	(902		)	(529		)	—		(476		)	74			(5		)	(407		)	(936		)	13,761		12,825		1,544	(1,584	)	(40	)
Pimco VIT Real Return (Pinnacle Plus )	1,099			(3,041		)	(2,598		)	(4,540		)	—		(116,566		)	(74		)	(57		)	(116,697		)	(121,237		)	200,898		79,661		—	(10,104	)	(10,104	)
Pimco VIT Real Return (Pinnacle V )	18,499			(14,954		)	(38,791		)	(35,246		)	31,473		(103,596		)	(32,960		)	(746		)	(105,829		)	(141,075		)	892,981		751,906		6,588	(15,744	)	(9,156	)
Pimco VIT Total Return (Pinnacle V )	402,859			113,406			(667,169		)	(150,904		)	2,582,474		(694,598		)	(116,830		)	(57,735		)	1,713,311			1,562,407			10,512,021		12,074,428		504,578	(374,534	)	130,044
Pimco VIT Total Return (AdvantEdge )	143,272			42,153			(239,994		)	(54,569		)	76,270		(677,194		)	(95,751		)	(34,823		)	(731,498		)	(786,067		)	4,987,592		4,201,525		17,679	(73,738	)	(56,059	)
Pimco VIT Total Return (AnnuiChoice II )	78,074			20,848			(119,473		)	(20,551		)	392,472		(72,211		)	58,654			(11,616		)	367,299			346,748			1,797,511		2,144,259		81,319	(54,376	)	26,943
Pimco VIT Total Return (AnnuiChoice )	10,916			2,716			(15,407		)	(1,775		)	153,631		(155,049		)	(10,244		)	(126		)	(11,788		)	(13,563		)	287,326		273,763		48,201	(49,080	)	(879	)
Pimco VIT Total Return (GrandMaster flex3 )	14,186			4,715			(23,962		)	(5,061		)	—		(16,636		)	5,137			(230		)	(11,729		)	(16,790		)	437,150		420,360		81,508	(82,415	)	(907	)
Pimco VIT Total Return (Grandmaster )	24,965			5,318			(36,792		)	(6,509		)	2,118		(64,427		)	(65,492		)	(183		)	(127,984		)	(134,493		)	800,587		666,094		101,464	(111,203	)	(9,739	)
Pimco VIT Total Return (IQ Annuity )	30,003			9,063			(48,688		)	(9,622		)	44,389		(92,380		)	(18,417		)	(333		)	(66,741		)	(76,363		)	926,031		849,668		62,168	(67,308	)	(5,140	)
Pimco VIT Total Return (Pinnacle )	21,759			5,717			(33,827		)	(6,351		)	—		(42,114		)	28,042			(62		)	(14,134		)	(20,485		)	621,831		601,346		48,393	(49,497	)	(1,104	)
Pimco VIT Total Return (Pinnacle IV )	16,764			2,455			(24,236		)	(5,017		)	—		(46,575		)	745			(212		)	(46,042		)	(51,059		)	535,212		484,153		209,160	(212,620	)	(3,460	)
Pimco VIT Total Return (Pinnacle Plus Reduced M&E )	1,361			380			(2,440		)	(699		)	—		(600		)	17,209			(23		)	16,586			15,887			20,109		35,996		8,705	(7,210	)	1,495
Pimco VIT Total Return (Pinnacle Plus )	19,643			1,412			(29,017		)	(7,962		)	8,203		(129,018		)	(39,438		)	(393		)	(160,646		)	(168,608		)	750,352		581,744		18,801	(31,321	)	(12,520	)
Investor Class:
Guggenheim VT Global Managed Future Strategy (Pinnacle )	(648		)	20,007			(3,877		)	15,482			—		(313,742		)	296,525			(35		)	(17,252		)	(1,770		)	21,627		19,857		51,701	(51,857	)	(156	)
Guggenheim VT Global Managed Future Strategy (Pinnacle IV )	122			960			(1,408		)	(326		)	—		(2,373		)	—			(42		)	(2,415		)	(2,741		)	17,586		14,845		157	(461	)	(304	)
Guggenheim VT Global Managed Future Strategy (Pinnacle V )	1,904			4,798			(14,311		)	(7,609		)	13,118		(24,183		)	(8,387		)	(786		)	(20,238		)	(27,847		)	259,714		231,867		88,616	(91,357	)	(2,741	)
Guggenheim VT Global Managed Futures Strategies (AdvantEdge )	894			3,117			(9,044		)	(5,033		)	22,512		(8,199		)	(658		)	(602		)	13,053			8,020			103,887		111,907		12,023	(10,463	)	1,560
Guggenheim VT Global Managed Futures Strategies (AnnuiChoice II )	317			1,281			(2,434		)	(836		)	1,942		(6,969		)	201			(167		)	(4,993		)	(5,829		)	39,266		33,437		1,007	(1,647	)	(640	)
Guggenheim VT Global Managed Futures Strategies (AnnuiChoice )	174			(123		)	(345		)	(294		)	—		(3,064		)	—			(25		)	(3,089		)	(3,383		)	13,311		9,928		—	(404	)	(404	)
Guggenheim VT Global Managed Futures Strategies (Grandmaster flex3 )	43			248			(501		)	(210		)	—		(15		)	(3,708		)	(4		)	(3,727		)	(3,937		)	3,937		—		35,429	(35,955	)	(526	)
Guggenheim VT Global Managed Futures Strategies (Grandmaster )	39			827			(870		)	(4		)	—		(1,837		)	(3,702		)	(12		)	(5,551		)	(5,555		)	8,125		2,570		7,627	(8,351	)	(724	)
Guggenheim VT Global Managed Futures Strategies (IQ Annuity )	10			38			(82		)	(34		)	—		—			—			(3		)	(3		)	(37		)	1,148		1,111		682	(682	)	—
Guggenheim VT Global Managed Futures Strategies (Pinnacle Plus Reduced M&E )	134			925			(1,364		)	(305		)	—		(5,937		)	—			(17		)	(5,954		)	(6,259		)	11,862		5,603		—	(666	)	(666	)
Guggenheim VT Global Managed Futures Strategies (Pinnacle Plus )	133			657			(1,456		)	(666		)	—		(1,022		)	—			(2		)	(1,024		)	(1,690		)	22,736		21,046		—	(134	)	(134	)
Guggenheim VT Multi-Hedge Strategies (AdvantEdge )	(1,220		)	1,837			(367		)	250			—		(2,390		)	(18,701		)	(946		)	(22,037		)	(21,787		)	140,849		119,062		6,336	(8,845	)	(2,509	)
Guggenheim VT Multi-Hedge Strategies (AnnuiChoice II )	(500		)	4,572			(3,346		)	726			—		(508		)	(57,271		)	(215		)	(57,994		)	(57,268		)	99,589		42,321		4,139	(10,486	)	(6,347	)
See accompanying notes.
* - 2015 inception date of subaccount.

56

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																					Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges			Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
Investor Class (continued):
Guggenheim VT Multi-Hedge Strategies (AnnuiChoice )	$	(374	)	$	251		$	1,026		$	903		$	—	$	(2,289	)	$	—		$	(133	)	$	(2,422	)	$	(1,519	)	$	109,696	$	108,177	3,286	(3,553	)	(267	)
Guggenheim VT Multi-Hedge Strategies (Grandmaster flex3 )	(182		)	256			(44		)	30			—		(145		)	(3,554		)	(22		)	(3,721		)	(3,691		)	21,591		17,900		108	(538	)	(430	)
Guggenheim VT Multi-Hedge Strategies (Grandmaster )	(362		)	547			94			279			—		(3,524		)	(3,338		)	(18		)	(6,880		)	(6,601		)	54,996		48,395		—	(774	)	(774	)
Guggenheim VT Multi-Hedge Strategies (IQ Annuity )	(608		)	1,041			(133		)	300			—		(704		)	(3,981		)	(55		)	(4,740		)	(4,440		)	78,550		74,110		466	(1,004	)	(538	)
Guggenheim VT Multi-Hedge Strategies (Pinnacle )	(1,051		)	16,779			(14,656		)	1,072			—		(2,996		)	(91,533		)	(34		)	(94,563		)	(93,491		)	162,680		69,189		—	(10,633	)	(10,633	)
Guggenheim VT Multi-Hedge Strategies (Pinnacle IV )	(144		)	308			(68		)	96			—		(3,800		)	(1,557		)	(43		)	(5,400		)	(5,304		)	20,611		15,307		561	(1,165	)	(604	)
Guggenheim VT Multi-Hedge Strategies (Pinnacle Plus Reduced M&E )	(133		)	365			(160		)	72			—		(5,609		)	4,244			(15		)	(1,380		)	(1,308		)	27,587		26,279		—	(136	)	(136	)
Guggenheim VT Multi-Hedge Strategies (Pinnacle Plus )	(397		)	2,443			(1,760		)	286			—		(22,247		)	(4,244		)	(15		)	(26,506		)	(26,220		)	48,511		22,291		1,345	(4,386	)	(3,041	)
Guggenheim VT Multi-Hedge Strategies (Pinnacle V )	(1,154		)	2,801			(1,050		)	597			—		(46,637		)	(287		)	(149		)	(47,073		)	(46,476		)	143,256		96,780		1,097	(6,397	)	(5,300	)
Guggenheim VT Long Short Equity (AdvantEdge )	(306		)	459			(174		)	(21		)	—		(2,931		)	—			(2		)	(2,933		)	(2,954		)	19,611		16,657		3,680	(3,968	)	(288	)
Guggenheim VT Long Short Equity (AnnuiChoice II )	(794		)	2,135			(877		)	464			—		(1,918		)	(15,119		)	(184		)	(17,221		)	(16,757		)	79,647		62,890		48	(1,670	)	(1,622	)
Guggenheim VT Long Short Equity (AnnuiChoice )	(32		)	106			(39		)	35			—		(1,979		)	—			(17		)	(1,996		)	(1,961		)	3,941		1,980		6,053	(6,246	)	(193	)
Guggenheim VT Long Short Equity (GrandMaster flex3 )	(59		)	258			(233		)	(34		)	—		(13		)	(5,505		)	(8		)	(5,526		)	(5,560		)	5,560		—		15,914	(16,481	)	(567	)
Guggenheim VT Long Short Equity (Grandmaster )	(53		)	214			(130		)	31			—		(1,669		)	(3,289		)	(9		)	(4,967		)	(4,936		)	6,948		2,012		3,278	(3,774	)	(496	)
Guggenheim VT Long Short Equity (IQ Annuity )	(32		)	424			(252		)	140			—		—			(9,405		)	(3		)	(9,408		)	(9,268		)	10,297		1,029		2,765	(3,703	)	(938	)
Guggenheim VT Long Short Equity (Pinnacle )	(214		)	1,113			(769		)	130			—		(7,188		)	(5,311		)	(40		)	(12,539		)	(12,409		)	25,954		13,545		8,403	(9,650	)	(1,247	)
Guggenheim VT Long Short Equity (Pinnacle IV )	(350		)	1,079			(720		)	9			—		(6,526		)	—			(66		)	(6,592		)	(6,583		)	26,519		19,936		338	(982	)	(644	)
Guggenheim VT Long Short Equity (Pinnacle Plus Reduced M&E )	(130		)	310			(150		)	30			—		(5,656		)	—			(15		)	(5,671		)	(5,641		)	12,615		6,974		410	(890	)	(480	)
Guggenheim VT Long Short Equity (Pinnacle Plus )	(555		)	7,606			(7,265		)	(214		)	—		(29,950		)	155			(14		)	(29,809		)	(30,023		)	33,470		3,447		—	(3,084	)	(3,084	)
Guggenheim VT Long Short Equity (Pinnacle V )	(1,251		)	3,800			(3,004		)	(455		)	—		(23,848		)	15,864			(46		)	(8,030		)	(8,485		)	71,861		63,376		63,513	(64,335	)	(822	)
ETF Shares:
iShares Core US Aggregate Bond ETF (Varoom ® )	80			115			(401		)	(206		)	—		(702		)	—			—			(702		)	(908		)	16,984		16,076		832	(858	)	(26	)
iShares Core US Aggregate Bond ETF (Varoom GLWB 2)	(129		)	274			(953		)	(808		)	—		(999		)	339			—			(660		)	(1,468		)	38,940		37,472		2,004	(2,030	)	(26	)
iShares Core US Aggregate Bond ETF (Varoom GLWB 3)	55			27			(408		)	(326		)	15,567		—			—			—			15,567			15,241			—		15,241		602	—		602
iShares Core US Aggregate Bond ETF (Varoom GLWB 5)	(2,807		)	3,394			(13,562		)	(12,975		)	53,661		(3,461		)	7,865			—			58,065			45,090			506,667		551,757		9,819	(7,500	)	2,319
iShares Intermediate Credit Bond ETF (Varoom GLWB 2)	(14		)	244			(462		)	(232		)	—		(875		)	(91		)	—			(966		)	(1,198		)	12,028		10,830		819	(856	)	(37	)
iShares Intermediate Credit Bond ETF (Varoom GLWB 3)	142			38			(546		)	(366		)	—		(202		)	—			—			(202		)	(568		)	27,004		26,436		—	(8	)	(8	)
iShares Intermediate Credit Bond ETF (Varoom GLWB 5)	(1,426		)	1,229			(10,741		)	(10,938		)	42,402		(3,815		)	20,386			—			58,973			48,035			445,897		493,932		10,348	(8,047	)	2,301
iShares TIPS Bond ETF (Varoom GLWB 2)	(433		)	93			(477		)	(817		)	—		—			203			—			203			(614		)	19,256		18,642		695	(687	)	8
iShares TIPS Bond ETF (Varoom GLWB 3)	(183		)	(10		)	(232		)	(425		)	—		—			—			—			—			(425		)	11,724		11,299		65	(65	)	—
iShares TIPS Bond ETF (Varoom GLWB 5)	(2,595		)	(5		)	(2,348		)	(4,948		)	7,485		(2,511		)	3,277			—			8,251			3,303			101,597		104,900		532	(177	)	355
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom)	230			67			(701		)	(404		)	—		(309		)	—			—			(309		)	(713		)	6,325		5,612		12	(22	)	(10	)
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 2)	1,140			260			(4,445		)	(3,045		)	—		(574		)	1,959			—			1,385			(1,660		)	39,610		37,950		901	(853	)	48
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 3)	3,731			512			(11,435		)	(7,192		)	—		(7,939		)	—			—			(7,939		)	(15,131		)	113,107		97,976		1,701	(1,972	)	(271	)
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 5)	4,029			771			(16,966		)	(12,166		)	21,143		(85		)	6,874			—			27,932			15,766			133,590		149,356		2,007	(1,023	)	984
iShares S&P 500 Growth ETF (Varoom)	(133		)	1,300			532			1,699			—		(1,557		)	(552		)	—			(2,109		)	(410		)	48,528		48,118		88	(137	)	(49	)
iShares S&P 500 Growth ETF (Varoom GLWB 1)	(1,254		)	5,076			500			4,322			350		—			(6,650		)	—			(6,300		)	(1,978		)	143,179		141,201		1,548	(1,693	)	(145	)
iShares S&P 500 Growth ETF (Varoom GLWB 2)	(102		)	564			(171		)	291			—		—			(726		)	—			(726		)	(435		)	9,654		9,219		691	(708	)	(17	)
iShares S&P 500 Growth ETF (Varoom GLWB 3)	(254		)	2,772			(332		)	2,186			29,215		(14,940		)	16,353			—			30,628			32,814			64,251		97,065		2,896	(2,175	)	721
iShares S&P 500 Growth ETF (Varoom GLWB 4)	(14,343		)	28,872			21,002			35,531			344,924		(16,581		)	(2,370		)	—			325,973			361,504			1,211,865		1,573,369		31,379	(23,431	)	7,948
iShares S&P 500 Growth ETF (Varoom GLWB 5)	(334		)	622			264			552			12,900		—			4,292			—			17,192			17,744			19,754		37,498		937	(517	)	420
iShares Core S&P 500 Index ETF (Varoom)	380			3,582			(4,460		)	(498		)	—		(6,061		)	(162		)	—			(6,223		)	(6,721		)	109,520		102,799		274	(424	)	(150	)
iShares Core S&P 500 Index ETF (Varoom GLWB 1)	(2,492		)	31,909			(38,127		)	(8,710		)	1,050		(18,264		)	(15,857		)	—			(33,071		)	(41,781		)	1,002,549		960,768		17,214	(17,991	)	(777	)
iShares Core S&P 500 Index ETF (Varoom GLWB 2)	(137		)	1,829			(1,958		)	(266		)	—		(1,737		)	(1,045		)	—			(2,782		)	(3,048		)	30,682		27,634		2,101	(2,168	)	(67	)
iShares Core S&P 500 Index ETF (Varoom GLWB 3)	1,206			43,904			(49,881		)	(4,771		)	58,567		(301,452		)	268,821			—			25,936			21,165			436,539		457,704		10,049	(9,469	)	580
iShares Core S&P 500 Index ETF (Varoom GLWB 4)	(78,852		)	500,583			(654,278		)	(232,547		)	2,249,022		(541,763		)	(414,592		)	—			1,292,667			1,060,120			17,548,470		18,608,590		275,229	(243,195	)	32,034
iShares Core S&P 500 Index ETF (Varoom GLWB 5)	(6,479		)	24,077			(35,886		)	(18,288		)	172,652		(6,217		)	(9,392		)	—			157,043			138,755			955,627		1,094,382		17,758	(13,917	)	3,841
iShares S&P 500 Value Index ETF (Varoom GLWB 1)	(7		)	1,615			(4,303		)	(2,695		)	—		(851		)	968			—			117			(2,578		)	50,118		47,540		855	(849	)	6
iShares S&P 500 Value Index ETF (Varoom GLWB 2)	(16		)	296			(806		)	(526		)	—		—			46			—			46			(480		)	9,729		9,249		58	(56	)	2
iShares S&P 500 Value Index ETF (Varoom GLWB 3)	474			995			(6,551		)	(5,082		)	18,142		(2,013		)	—			—			16,129			11,047			91,122		102,169		2,272	(1,875	)	397
iShares S&P 500 Value Index ETF (Varoom GLWB 4)	(718		)	8,193			(25,292		)	(17,817		)	2,824		(8,516		)	7,058			—			1,366			(16,451		)	320,694		304,243		13,834	(13,782	)	52
iShares S&P 500 Value Index ETF (Varoom GLWB 5)	(401		)	1,863			(7,163		)	(5,701		)	3,993		(68		)	1,911			—			5,836			135			94,199		94,334		802	(652	)	150
iShares Core S&P MidCap Index ETF (Varoom)	(163		)	1,187			(3,109		)	(2,085		)	—		(1,311		)	(402		)	—			(1,713		)	(3,798		)	53,536		49,738		1,046	(1,090	)	(44	)
See accompanying notes.
* - 2015 inception date of subaccount.

57

Separate Account I

of

National Integrity Life Insurance Company

Statements of Changes in Net Assets (continued)

For the Year Ended December 31, 2015

	Inccrease (deccrease) in net assets from operations												Increase (decrease) in net assets from contract related transactions																				Unit Transactions
Subaccount	Net investment income (loss)			Realized gain (loss)			Change in net unrealized appreciation (depreciation) during the period			Net increase (decrease) in net assets resulting from operations			Contributions from contract holders		Contract terminations and benefits			Net transfers among investment options			Contract maintenance charges		Net increase (decrease) in net assets from contract related transactions			Increase (decrease) in net assets			Net assets, beginning of period		Net assets, end of period		Units purchased	Units redeemed		Increase (decrease) in units
ETF Shares (continued):
iShares Core S&P MidCap Index ETF (Varoom GLWB 1)	$	(2,680	)	$	8,587		$	(18,592	)	$	(12,685	)	$	350	$	(4,764	)	$	(566	)	$	—	$	(4,980	)	$	(17,665	)	$	301,139	$	283,474	5,936	(6,042	)	(106	)
iShares Core S&P MidCap Index ETF (Varoom GLWB 2)	(1,022		)	3,170			(6,242		)	(4,094		)	—		(2,416		)	(2,103		)	—		(4,519		)	(8,613		)	93,854		85,241		534	(648	)	(114	)
iShares Core S&P MidCap Index ETF (Varoom GLWB 3)	(686		)	10,706			(16,950		)	(6,930		)	25,515		(78,758		)	69,208			—		15,965			9,035			132,044		141,079		3,651	(3,278	)	373
iShares Core S&P MidCap Index ETF (Varoom GLWB 4)	(54,430		)	140,281			(334,523		)	(248,672		)	649,192		(142,153		)	(25,276		)	—		481,763			233,091			4,808,368		5,041,459		84,755	(72,525	)	12,230
iShares Core S&P MidCap Index ETF (Varoom GLWB 5)	(4,305		)	6,738			(20,660		)	(18,227		)	50,150		(865		)	3,450			—		52,735			34,508			310,418		344,926		3,241	(1,910	)	1,331
iShares Core S&P Small Cap Index ETF (Varoom)	(127		)	789			(1,992		)	(1,330		)	—		(696		)	(383		)	—		(1,079		)	(2,409		)	35,866		33,457		56	(83	)	(27	)
iShares Core S&P Small Cap Index ETF (Varoom GLWB 1)	(1,427		)	5,091			(9,756		)	(6,092		)	175		(2,393		)	(2,686		)	—		(4,904		)	(10,996		)	152,431		141,435		2,971	(3,086	)	(115	)
iShares Core S&P Small Cap Index ETF (Varoom GLWB 2)	(572		)	1,498			(3,067		)	(2,141		)	—		(627		)	(1,241		)	—		(1,868		)	(4,009		)	49,772		45,763		290	(337	)	(47	)
iShares Core S&P Small Cap Index ETF (Varoom GLWB 3)	(425		)	6,643			(9,981		)	(3,763		)	21,861		(39,441		)	43,747			—		26,167			22,404			65,409		87,813		3,102	(2,478	)	624
iShares Core S&P Small Cap Index ETF (Varoom GLWB 4)	(28,791		)	75,251			(163,406		)	(116,946		)	324,596		(71,228		)	(49,920		)	—		203,448			86,502			2,435,501		2,522,003		39,684	(34,614	)	5,070
iShares Core S&P Small Cap Index ETF (Varoom GLWB 5)	(3,938		)	5,618			(16,197		)	(14,517		)	42,697		(531		)	(3,793		)	—		38,373			23,856			272,315		296,171		2,867	(1,915	)	952
iShares International Treasury Bond (Varoom)	(301		)	(78		)	(1,338		)	(1,717		)	—		(402		)	816			—		414			(1,303		)	18,798		17,495		84	(68	)	16
iShares International Treasury Bond (Varoom GLWB 1)	(3,313		)	(571		)	(10,467		)	(14,351		)	175		(2,350		)	14,546			—		12,371			(1,980		)	147,517		145,537		6,928	(6,382	)	546
iShares International Treasury Bond (Varoom GLWB 2)	(10		)	(85		)	12			(83		)	—		(1,128		)	74			—		(1,054		)	(1,137		)	1,137		—		129	(177	)	(48	)
iShares International Treasury Bond (Varoom GLWB 3)	(372		)	(2,624		)	174			(2,822		)	4,018		(38,477		)	33,344			—		(1,115		)	(3,937		)	31,154		27,217		1,170	(1,221	)	(51	)
iShares International Treasury Bond (Varoom GLWB 4)	(61,139		)	(5,078		)	(173,456		)	(239,673		)	324,596		(70,087		)	229,762			—		484,271			244,598			2,312,875		2,557,473		101,273	(79,829	)	21,444
iShares International Treasury Bond (Varoom GLWB 5)	(74		)	(10		)	(190		)	(274		)	—		—			175			—		175			(99		)	2,776		2,677		568	(560	)	8
Vanguard Dividend Appreciation Index Fund ETF (Varoom)	40			207			(548		)	(301		)	—		(405		)	—			—		(405		)	(706		)	8,471		7,765		841	(852	)	(11	)
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 2)	(862		)	6,090			(18,005		)	(12,777		)	—		(4,254		)	(1,616		)	—		(5,870		)	(18,647		)	296,227		277,580		1,064	(1,217	)	(153	)
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 3)	809			3,061			(12,579		)	(8,709		)	12,993		(9,613		)	4,457			—		7,837			(872		)	218,700		217,828		1,632	(1,428	)	204
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 5)	(4,183		)	13,690			(52,181		)	(42,674		)	86,099		(6,097		)	21,382			—		101,384			58,710			846,597		905,307		10,553	(7,768	)	2,785
Vanguard Emerging Markets Index Fund ETF (Varoom)	205			(35		)	(3,993		)	(3,823		)	—		—			—			—		—			(3,823		)	22,108		18,285		—	—		—
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 2)	136			1,014			(13,992		)	(12,842		)	—		(1,790		)	10,745			—		8,955			(3,887		)	70,871		66,984		1,763	(1,256	)	507
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 3)	587			(150		)	(13,346		)	(12,909		)	2,575		(6,254		)	641			—		(3,038		)	(15,947		)	78,984		63,037		526	(629	)	(103	)
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 5)	114			343			(38,565		)	(38,108		)	26,247		(160		)	28,139			—		54,226			16,118			180,576		196,694		4,250	(1,861	)	2,389
Vanguard Developed Markets Index FundETF (Varoom)	261			261			(1,039		)	(517		)	—		(486		)	339			—		(147		)	(664		)	26,538		25,874		68	(72	)	(4	)
Vanguard Developed Markets Index FundETF (Varoom GLWB 1)	474			2,612			(6,130		)	(3,044		)	175		(2,386		)	3,378			—		1,167			(1,877		)	144,519		142,642		4,248	(4,172	)	76
Vanguard Developed Markets Index FundETF (Varoom GLWB 2)	2			274			(315		)	(39		)	—		(583		)	50			—		(533		)	(572		)	3,633		3,061		993	(1,011	)	(18	)
Vanguard Developed Markets Index FundETF (Varoom GLWB 3)	396			(22		)	(1,363		)	(989		)	6,170		(38,187		)	34,254			—		2,237			1,248			31,939		33,187		3,009	(2,945	)	64
Vanguard Developed Markets Index FundETF (Varoom GLWB 4)	3,826			55,231			(132,630		)	(73,573		)	324,596		(71,321		)	58,536			—		311,811			238,238			2,293,245		2,531,483		59,995	(49,814	)	10,181
Vanguard Developed Markets Index FundETF (Varoom GLWB 5)	(39		)	1,561			(7,252		)	(5,730		)	37,973		(2,170		)	5,543			—		41,346			35,616			102,828		138,444		3,722	(2,415	)	1,307
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom)	269			175			(589		)	(145		)	—		(762		)	—			—		(762		)	(907		)	18,333		17,426		—	(25	)	(25	)
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 2)	209			179			(893		)	(505		)	—		—			162			—		162			(343		)	30,238		29,895		30	(24	)	6
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 3)	500			101			(962		)	(361		)	—		(1,097		)	—			—		(1,097		)	(1,458		)	37,603		36,145		290	(329	)	(39	)
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 5)	54			45			(277		)	(178		)	—		—			1,378			—		1,378			1,200			9,098		10,298		669	(618	)	51
Vanguard Large-Cap Index ETF (Varoom)	10			269			(343		)	(64		)	—		(449		)	—			—		(449		)	(513		)	9,184		8,671		—	(11	)	(11	)
Vanguard Large-Cap Index ETF (Varoom GLWB 2)	(899		)	4,954			(5,886		)	(1,831		)	—		(2,404		)	(4,888		)	—		(7,292		)	(9,123		)	137,350		128,227		667	(845	)	(178	)
Vanguard Large-Cap Index ETF (Varoom GLWB 3)	36			225			(595		)	(334		)	14,589		(442		)	—			—		14,147			13,813			35,034		48,847		1,854	(1,511	)	343
Vanguard Large-Cap Index ETF (Varoom GLWB 5)	(3,284		)	8,744			(13,441		)	(7,981		)	62,248		(1,889		)	285			—		60,644			52,663			352,451		405,114		2,809	(1,329	)	1,480
Vanguard Mega Cap Index ETF (Varoom)	89			820			(1,008		)	(99		)	—		(1,216		)	—			—		(1,216		)	(1,315		)	29,459		28,144		—	(29	)	(29	)
Vanguard Mega Cap Index ETF (Varoom GLWB 2)	(71		)	444			(516		)	(143		)	—		—			(435		)	—		(435		)	(578		)	13,704		13,126		261	(272	)	(11	)
Vanguard Mega Cap Index ETF (Varoom GLWB 5)	(604		)	2,587			(3,028		)	(1,045		)	250		(666		)	(1,635		)	—		(2,051		)	(3,096		)	85,819		82,723		691	(739	)	(48	)
Vanguard REIT Index ETF (Varoom GLWB 2)	583			2,321			(2,733		)	171			—		—			(1,923		)	—		(1,923		)	(1,752		)	46,864		45,112		641	(684	)	(43	)
Vanguard REIT Index ETF (Varoom GLWB 3)	749			161			(451		)	459			5,149		—			4,841			—		9,990			10,449			29,857		40,306		342	(79	)	263
Vanguard REIT Index ETF (Varoom GLWB 5)	2,513			6,144			(9,154		)	(497		)	27,270		(2,590		)	(1,738		)	—		22,942			22,445			198,020		220,465		2,272	(1,659	)	613
Vanguard Total Bond Market Index ETF (Varoom)	475			881			(2,222		)	(866		)	—		(3,482		)	342			—		(3,140		)	(4,006		)	70,607		66,601		512	(630	)	(118	)
Vanguard Total Bond Market Index ETF (Varoom GLWB 1)	570			11,520			(30,698		)	(18,608		)	1,225		(16,535		)	6,867			—		(8,443		)	(27,051		)	1,042,920		1,015,869		25,237	(25,557	)	(320	)
Vanguard Total Bond Market Index ETF (Varoom GLWB 2)	(606		)	2,955			(10,286		)	(7,937		)	—		(6,523		)	492			—		(6,031		)	(13,968		)	404,010		390,042		2,170	(2,399	)	(229	)
Vanguard Total Bond Market Index ETF (Varoom GLWB 3)	2,319			8,642			(15,569		)	(4,608		)	43,383		(280,575		)	242,877			—		5,685			1,077			339,769		340,846		16,465	(16,241	)	224
Vanguard Total Bond Market Index ETF (Varoom GLWB 4)	(23,928		)	78,480			(416,227		)	(361,675		)	2,272,174		(494,976		)	92,234			—		1,869,432			1,507,757			16,425,536		17,933,293		497,874	(423,124	)	74,750
Vanguard Total Bond Market Index ETF (Varoom GLWB 5)	(4,215		)	5,494			(30,918		)	(29,639		)	200,686		(5,617		)	(4,294		)	—		190,775			161,136			1,126,458		1,287,594		29,435	(21,802	)	7,633
Vanguard VI Money Market (Varoom GLWB 3)	(427		)	—			—			(427		)	—		—			—			—		—			(427		)	24,242		23,815		1,703	(1,703	)	—
Vanguard VI Money Market (Varoom GLWB 5)	(139		)	—			—			(139		)	—		(83		)	32			—		(51		)	(190		)	5,127		4,937		6,516	(6,522	)	(6	)
Vanguard Short Term Bond ETF (Varoom GLWB 3)	(408		)	201			(414		)	(621		)	—		(6,378		)	—			—		(6,378		)	(6,999		)	68,911		61,912		904	(1,166	)	(262	)
Vanguard Short Term Bond ETF (Varoom GLWB 5)	(401		)	71			(178		)	(508		)	—		—			2,638			—		2,638			2,130			26,083		28,213		10,363	(10,251	)	112
See accompanying notes.
* - 2015 inception date of subaccount.

58

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements

1. Organization and Significant Accounting Policies

Organization and Nature of Operations

National Integrity Life Insurance Company Separate Account I (”the Separate Account”) is a unit investment trust registered under the Investment Company Act of 1940 (the “1940 Act”), established by the National Integrity Life Insurance Company (the “Company”), a life insurance company that is a wholly-owned subsidiary of Integrity Life Insurance Company (“Integrity”), which is a wholly-owned subsidiary of The Western and Southern Life Insurance Company. The Separate Account was established on May 19, 1986, under the insurance laws of the State of New York, for the purpose of issuing variable annuity contracts (“Contracts”).

Contract holders may allocate or transfer their account values to one or more of the Separate Account’s investment subaccounts, or for certain contract holders, to one or more fixed guarantee rate options of the Company’s Separate Account Guaranteed Principal Option (“GPO”). Options in the Separate Account GPO include fixed guaranteed rate options over various maturity periods that are subject to a market value adjustment (“MVA”). In addition, certain contract holders may also allocate or transfer their account values to options held in the Company’s general account. Such options include a guaranteed interest division, a quarterly rate option or a Systematic Transfer Option (“STO”). All STO contributions must be transferred to other investment divisions or to a guaranteed rate option within either six months or one year of the contribution.

59

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

Each subaccount invests all its investible assets in shares of corresponding investment portfolios (“Underlying Funds”) of the investment companies listed below along with the investment advisor for each:

Trusts	Advisors
American Funds Insurance Series	Capital Research and Management Company
AIM (Invesco) Variable Insurance Fund	Invesco Advisers, Inc.
BlackRock Variable Series Funds, Inc.	BlackRock Advisors, LLC
Columbia Variable Series Trust II, Columbia Funds Variable Insurance Trust	Columbia Management Investment Advisors, Inc.
Deutsche Investments VIT Funds	Deutsche Investment Management Americas, Inc.
(Fidelity) Variable Insurance Products Fund, Variable Insurance Products Fund II, Variable Insurance Products Fund III, Variable Insurance Products Fund IV and Variable Insurance Products Fund V	Fidelity Management and Research Company, Strategic Advisors, Inc., Strategic Advisers, Inc.
Franklin Templeton Variable Insurance Products Trust	Franklin Advisers, Inc., Franklin Advisory Services, LLC, Franklin Mutual Advisers, LLC, Templeton Global Advisors Limited, Templeton Investment Counsel, LLC
iShares Trust	BlackRock Fund Advisors
JPMorgan Insurance Trust	J.P. Morgan Investment Management, Inc.
PIMCO Variable Insurance Trust	Pacific Investment Management Company LLC
Rydex Variable Trust	Security Investors, LLC, dba Guggenheim Investments
Touchstone Variable Series Trust	Touchstone Advisors, Inc.
The Universal Institutional Funds, Inc.	Morgan Stanley Investment Management, Inc
Vanguard Bond Index Funds, Vanguard Index Funds, Vanguard International Equity Index Funds, Vanguard Scottsdale Funds, Vanguard Specialized Funds, Vanguard Tax-Managed Funds, Vanguard Variable Insurance Funds, Vanguard World Funds	The Vanguard Group, Inc.

Mid Atlantic Trust Company (“MATC”), a South Dakota registered non-depository trust company, is the custodian for the Vanguard ETFs and the iShares ETFs held by the subaccounts.

The contract holder’s account value in a subaccount will vary depending on the performance of the corresponding Underlying Fund. The Separate Account currently has 956 investment subaccounts available. The investment objective of each subaccount is to invest in the corresponding Underlying Fund. Refer to each Underlying Fund’s prospectus for a description of investment objectives.

Under applicable insurance law, the assets and liabilities of the Separate Account are clearly identified and distinguished from the Company’s other assets and liabilities. The portion of the Separate Account’s assets applicable to contract holders’ accounts is not chargeable with liabilities arising out of any other business the Company may conduct.

60

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

Basis of Presentation

The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”).

Investments

Investments in shares of the Underlying Funds are valued at fair value as determined by the closing net asset value per share on December 31, 2016. The difference between cost and fair value is reflected as unrealized appreciation or depreciation of investments.

Share transactions are recorded on the trade date. Realized gains and losses on sales of the Underlying Funds’ shares of the Funds are determined based on identified cost basis.

Capital gain distributions are included in the realized gain distributions line on the Statements of Operations. Dividends are included in the reinvested dividends line on the Statements of Operations. Dividends and capital gain distributions are recorded on the ex-dividend date. Dividends and capital gain distributions from the Underlying Funds’ are reinvested in the respective Underlying Funds and are reflected in the unit values of the subaccounts.

The Separate Account’s investments are held at fair value. Fair value is the price that the Separate Account would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. Fair Value is established using a three-level hierarchy based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assessment regarding the assumptions market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances. The Separate Account’s investments are assigned a level based upon the observability of the inputs that are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

• Level 1 - inputs to the valuation methodology are quoted prices in active markets.

• Level 2 - inputs to the valuation methodology are observable, directly or indirectly.

• Level 3 - inputs to the valuation methodology are unobservable and reflect assumptions on the part of the reporting entity.

The Separate Account’s investments are valued as Level 1. There were no transfers between levels 1, 2, and 3 during the year. The Separate Account’s policy is to recognize the transfers in and transfers out of levels at the beginning of the annual reporting period.

61

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

Unit Value

Unit values for the subaccounts are computed at the end of each business day. The unit value is equal to the unit value for the preceding business day multiplied by a net investment factor. This net investment factor is determined based on the net asset value of the Underlying Fund, reinvested dividends and capital gains, and the daily asset charge for the mortality and expense risk and certain administrative charges, as applicable.

Taxes

Operations of the Separate Account are included in the income tax return of the Company, which is taxed as a life insurance company under the Internal Revenue Code (“IRC”). The Separate Account is not taxed as a regulated investment company under Subchapter M of the IRC. Under the provisions of the policies, the Company has the right to charge the Separate Account for federal income tax attributable to the Separate Account. No charge is currently being made against the Separate Account for such tax since, under current tax law, the Company pays no tax on investment income and capital gains reflected in variable life insurance policy reserves. However, the Company retains the right to charge for any federal income tax incurred, which is attributable to the Separate Account if the law is changed. Charges for state and local taxes, if any, attributable to the Separate Account may also be made.

Use of Estimates

The preparation of financial statements in accordance with the US GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Subsequent Events

Management has evaluated subsequent events through the issuance of these financial statements and determined that no additional disclosures are required.

Error Correction

During 2016, management identified certain errors related to the Fidelity VIP Freedom 2020 (Pinnacle IV) and American Funds Capital Builder (Pinnacle V) subaccounts in the statement of operations and statements of changes in net assets for the year ended December 31, 2015. The first error related to erroneously recording a death benefit withdrawal twice which simultaneously overstated the change in net unrealized appreciation (depreciation) during the period and was offset by an overstatement of the contract terminations and benefits (Fidelity VIP Freedom 2020 (Pinnacle IV)). The second error related to erroneously reducing the cost basis relating to a mutual fund trade reconciliation adjustment which simultaneously understated the change in net unrealized appreciation (depreciation) during the period and was offset by an understatement of net transfers among investment options (American Funds Capital Builder (Pinnacle V)). Management has restated the amounts on the December 31, 2015 statements of changes in net assets.

62

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

During 2016, management determined total return ratios presented in Note 4 for 2014 for the Templeton Foreign VIP Fund (Pinnacle V) and Templeton Foreign VIP Fund (AnnuiChoice II) subaccounts were misstated in the December 31, 2015 financial statements. Management has restated the impacted total return ratios.

Related to the three items noted above, there was no impact on the increase (decrease) in net assets or net assets at the end of period as previously presented in the December 31, 2015 statements of changes in net assets. There was also no impact on the previously reported net assets, unit values or units outstanding.

The following tables summarize the effect of the restatement on the December 31, 2015 statements of changes in net assets and the effect of the restatement to the total return ratios disclosed in the December 31, 2015 financial statements.

Subaccount	Contract terminations and benefits as adjusted	Contract terminations and benefits as originally reported	Effect of Change	Net increase (decrease) in net assets from contract related transactions as adjusted	Net increase (decrease) in net assets from contract related transactions as originally reported	Effect of Change
Fidelity VIP Freedom 2020 (Pinnacle IV )	(447,663)	(896,284)	448,621	(447,693)	(896,314)	448,621
Subaccount	Change in net unrealized appreciation (depreciation) during the period as adjusted	Change in net unrealized appreciation (depreciation) during the period as originally reported	Effect of Change	Net increase (decrease) in net assets resulting from operations as adjusted	Net increase (decrease) in net assets resulting from operations as originally reported	Effect of Change
Fidelity VIP Freedom 2020 (Pinnacle IV )	(40,484)	408,137	(448,621)	16,267	464,888	(448,621)

63

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

Subaccount	Net transfers among investment options as adjusted	Net transfers among investment options as originally reported	Effect of Change	Net increase (decrease) in net assets from contract related transactions as adjusted	Net increase (decrease) in net assets from contract related transactions as originally reported	Effect of Change
American Funds Capital Income Builder (Pinnacle V )	671	(638)	1,309	105,091	103,782	1,309
Subaccount	Change in net unrealized appreciation (depreciation) during the period as adjusted	Change in net unrealized appreciation (depreciation) during the period as originally reported	Effect of Change	Net increase (decrease) in net assets resulting from operations as adjusted	Net increase (decrease) in net assets resulting from operations as originally reported	Effect of Change
American Funds Capital Income Builder (Pinnacle V )	(2,189)	(880)	(1,309)	(2,118)	(809)	(1,309)

Subaccount	Year	Total return ratio as adjusted	Total return ratio as originally reported	Effect of change
Templeton Foreign VIP Fund (Pinnacle V )	2014	(12.51)%	(3.85)%	(8.66)%
Templeton Foreign VIP Fund (AnnuiChoice II )	2014	(12.15)%	18.01%	(30.16)%

64

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

The aggregate cost of Underlying Fund shares purchased and proceeds from Underlying Fund shares sold during the period ended December 31, 2016 and the cost of investments held at December 31, 2016, for each subaccount, were as follows:

Subaccount	Purchases		Sales		Cost
Affiliated:
Touchstone Aggressive ETF (AdvantEdge )	$	73,647	$	25,877	$	361,783
Touchstone Aggressive ETF (AnnuiChoice ®)	6,124		13,077		364,824
Touchstone Aggressive ETF (AnnuiChoice II )	32,855		158,822		415,730
Touchstone Aggressive ETF (GrandMaster flex3 )	16,966		88,996		980,813
Touchstone Aggressive ETF (Grandmaster )	4,063		33,369		242,057
Touchstone Aggressive ETF (IQ Annuity )	13,203		189,994		632,735
Touchstone Aggressive ETF (Pinnacle )	10,375		40,578		618,274
Touchstone Aggressive ETF (Pinnacle IV )	115,374		218,826		785,756
Touchstone Aggressive ETF (Pinnacle Plus Reduced M&E )	51,274		1,878		139,063
Touchstone Aggressive ETF (Pinnacle Plus )	4,211		113,232		149,079
Touchstone Aggressive ETF (Pinnacle V )	146,870		179,644		818,293
Touchstone Conservative ETF (AdvantEdge )	4,965		5,144		125,308
Touchstone Conservative ETF (AnnuiChoice II )	9,841		23,776		338,678
Touchstone Conservative ETF (AnnuiChoice )	294		270		11,629
Touchstone Conservative ETF (GrandMaster flex3 )	86,977		241,143		605,921
Touchstone Conservative ETF (Grandmaster )	5,919		19,342		165,015
Touchstone Conservative ETF (IQ Annuity )	232,400		116,612		1,428,709
Touchstone Conservative ETF (Pinnacle )	15,742		13,925		434,391
Touchstone Conservative ETF (Pinnacle IV )	79,185		134,989		1,208,523
Touchstone Conservative ETF (Pinnacle Plus Reduced M&E )	80,116		155,171		251,545
Touchstone Conservative ETF (Pinnacle Plus )	15,853		163,758		647,219
Touchstone Conservative ETF Fund (Pinnacle V )	98,447		971,142		2,426,360
Touchstone Active Bond (AdvantEdge )	8,997		11,854		234,484
Touchstone Active Bond (AnnuiChoice II )	14,110		22,938		87,966
Touchstone Active Bond (AnnuiChoice )	4,521		14,985		224,450
Touchstone Active Bond (GrandMaster flex3 )	2,747		52,741		130,400
Touchstone Active Bond (Grandmaster )	641		2,285		30,588
Touchstone Active Bond (IQ Annuity )	5,173		6,700		126,139
Touchstone Active Bond (Pinnacle )	45,625		166,199		249,844
Touchstone Active Bond (Pinnacle IV )	20,129		323,121		913,815
Touchstone Active Bond (Pinnacle Plus Reduced M&E )	43,809		55,515		175,587
Touchstone Active Bond (Pinnacle Plus )	4,017		53,533		190,367
Touchstone Active Bond (PinnacleV )	303,475		260,996		1,501,954
Touchstone GMAB Aggressive ETF (AnnuiChoice II )	2,483		10,285		98,075
Touchstone GMAB Aggressive ETF (Pinnacle IV )	4,344		108,426		200,704
Touchstone GMAB Aggressive ETF (Pinnacle V )	2,788		28,653		118,459
Touchstone GMAB Conservative ETF (Pinnacle IV )	2,054		21,016		71,683
Touchstone GMAB Conservative ETF (Pinnacle V )	3,946		137,536		143,655
Touchstone GMAB Moderate ETF (Pinnacle IV )	52,265		298,798		601,006
Touchstone GMAB Moderate ETF(Pinnacle V )	21,479		666,437		266,012
*-2016 inception date of subaccount.

65

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases		Sales		Cost
Affiliated (continued):
Touchstone Large Cap Core Equity (AdvantEdge )	$	21,247	$	18,299	$	125,559
Touchstone Large Cap Core Equity (AnnuiChoice II )	68,360		18,190		269,649
Touchstone Large Cap Core Equity (AnnuiChoice )	2,957		4,319		19,231
Touchstone Large Cap Core Equity (GrandMaster flex3 )	4,143		723		27,086
Touchstone Large Cap Core Equity (Grandmaster )	7,622		7,708		64,281
Touchstone Large Cap Core Equity (IQ Annuity )	42,775		43,580		287,043
Touchstone Large Cap Core Equity (Pinnacle )	209,965		210,368		912,123
Touchstone Large Cap Core Equity (Pinnacle IV )	41,743		178,168		285,394
Touchstone Large Cap Core Equity (Pinnacle II Reduced M&E )	5,816		586		42,299
Touchstone Large Cap Core Equity (Pinnacle Plus Reduced M&E )	32,910		21,702		138,112
Touchstone Large Cap Core Equity (Pinnacle Plus )	9,678		39,782		75,771
Touchstone Large Cap Core Equity (PinnacleV )	198,930		127,376		769,275
Touchstone Focused (AdvantEdge )	96,365		191,356		560,778
Touchstone Focused (AnnuiChoice II )	758,985		84,371		1,967,037
Touchstone Focused (AnnuiChoice )	126,988		97,343		550,789
Touchstone Focused (GrandMaster flex3 )	350,087		262,151		1,227,320
Touchstone Focused (Grandmaster )	132,074		1,018,144		745,685
Touchstone Focused (IQ Annuity )	509,849		183,769		3,131,315
Touchstone Focused (Pinnacle )	848,918		605,774		4,758,995
Touchstone Focused (Pinnacle IV )	555,308		1,851,996		3,362,252
Touchstone Focused (Pinnacle II Reduced M&E )	11,691		23,908		74,209
Touchstone Focused (Pinnacle Plus Reduced M&E )	219,516		284,366		788,355
Touchstone Focused (Pinnacle Plus )	84,932		3,847,761		438,161
Touchstone Focused (PinnacleV )	869,114		566,897		3,494,918
Touchstone Moderate ETF (AdvantEdge )	113,741		49,217		1,066,255
Touchstone Moderate ETF (AnnuiChoice II )	77,597		151,203		700,829
Touchstone Moderate ETF (AnnuiChoice )	19,171		13,513		222,588
Touchstone Moderate ETF (GrandMaster flex3 )	158,727		167,476		634,889
Touchstone Moderate ETF (Grandmaster )	37,028		21,509		151,804
Touchstone Moderate ETF (IQ Annuity )	108,700		78,383		1,122,820
Touchstone Moderate ETF (Pinnacle )	36,224		66,162		382,559
Touchstone Moderate ETF (Pinnacle IV )	108,661		449,642		1,263,092
Touchstone Moderate ETF (Pinnacle Plus Reduced M&E )	137,620		63,502		774,594
Touchstone Moderate ETF (Pinnacle Plus )	43,382		412,615		544,854
Touchstone Moderate ETF (Pinnacle V )	188,952		419,384		1,763,457
Non-Affiliated Initial Class:
Fidelity VIP Balanced (Pinnacle )	35,604		177,507		802,438
Fidelity VIP Balanced (Grandmaster )	45,371		122,292		1,104,217
Fidelity VIP Overseas (Pinnacle )	1,397		3,987		77,510
Fidelity VIP Overseas (Pinnacle IV )	1,263		70,417		59,672
Fidelity VIP Equity-Income (Grandmaster )	1,831,625		1,016,606		8,178,690
Fidelity VIP Equity-Income (Pinnacle )	106,941		232,158		887,484
Fidelity VIP Equity-Income (Pinnacle II Reduced M&E )	1,236		158		14,541
Fidelity VIP Growth (Grandmaster )	403,638		374,725		2,541,034
Fidelity VIP High Income (Grandmaster )	745,406		517,240		1,971,097
Fidelity VIP II Asset Manager (Grandmaster )	213,507		358,841		2,994,014
Fidelity VIP II Contrafund (Grandmaster )	817,098		1,639,387		6,304,833
* - 2016 inception date of subaccount.

66

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases		Sales		Cost
Non-Affiliated Initial Class (continued):
Fidelity VIP II Contrafund (Pinnacle )	$	466,172	$	673,457	$	3,439,846
Fidelity VIP II Contrafund (Pinnacle II Reduced M&E )	3,199		419		32,126
Fidelity VIP II Index 500 (Grandmaster )	49,186		696,847		1,715,423
Fidelity VIP II Index 500 (IQ3 )	452		404		18,746
Fidelity VIP II Index 500 (Pinnacle )	24,752		483,073		930,114
Fidelity VIP II Index 500 (Pinnacle IV )	48		19,846		1,191
Fidelity VIP II Index 500 (Pinnacle II Reduced M&E )	362		263		15,762
Fidelity VIP II Investment Grade Bond (Pinnacle )	14,140		164,371		584,771
Fidelity VIP II Investment Grade Bond (Pinnacle IV )	13,178		202,893		535,248
Fidelity VIP II Investment Grade Bond (AnnuiChoice )	171		283		7,142
Fidelity VIP II Investment Grade Bond (GrandMaster flex3 )	442		1,313		18,354
Fidelity VIP II Investment Grade Bond (Grandmaster )	23,421		85,628		953,499
Fidelity VIP II Investment Grade Bond (IQ Annuity )	688		10,454		28,249
Fidelity VIP II Investment Grade Bond (Pinnacle Plus Reduced M&E )	5,681		4,078		72,312
Fidelity VIP II Investment Grade Bond (Pinnacle Plus )	1		3,966		—
Fidelity VIP Government Money Market IC (Pinnacle )	186,203		378,345		734,397
Fidelity VIP Government Money Market IC (Pinnacle II )	37		204		18,167
Fidelity VIP Government Money Market IC (Pinnacle IV )	170,734		555,266		813,375
Fidelity VIP Government Money Market IC (Pinnacle V )	832,351		1,004,952		564,685
Fidelity VIP Government Money Market IC (Pinnacle Plus )	14,054,195		11,235,160		3,012,633
Fidelity VIP Government Money Market IC (Pinnacle Plus Reduced M&E )	78,920		84,401		187,196
Fidelity VIP Government Money Market IC (Grandmaster )	548,415		1,037,132		1,220,053
Fidelity VIP Government Money Market IC (GrandMaster flex3 )	1,260,645		2,626,240		58,892
Fidelity VIP Government Money Market IC (AdvantEdge )	569,329		1,467,598		262,785
Fidelity VIP Government Money Market IC (AnnuiChoice )	417		30,020		174,047
Fidelity VIP Government Money Market IC (AnnuiChoice 2 )	1,404,772		1,456,699		148,849
Fidelity VIP Government Money Market IC (IQ3 )	5,485,523		10,834,058		812,457
Fidelity VIP Government Money Market (Varoom GLWB 3)*	28,227		148		28,079
Fidelity VIP Government Money Market (Varoom GLWB 5)*	5,242		39		5,203
Fidelity VIP Overseas (AnnuiChoice )	25		18		1,149
Fidelity VIP Overseas (GrandMaster flex3 )	485		647		20,361
Fidelity VIP Overseas (Grandmaster )	16,612		282,949		1,014,405
Fidelity VIP Overseas (IQ Annuity )	284		260		17,301
Fidelity VIP Overseas (Pinnacle Plus Reduced M&E )	196		48,469		12,670
Fidelity VIP Overseas (Pinnacle Plus )	46		1,414		2,873
Non-Affiliated Service Class:
Fidelity VIP Growth (Pinnacle )	36,328		69,298		207,334
Fidelity VIP III Mid Cap (Grandmaster )	97,498		223,769		1,264,174
Fidelity VIP III Mid Cap (Pinnacle )	133,938		343,372		1,726,890
Fidelity VIP III Mid Cap (Pinnacle II Reduced M&E )	248		52		4,002
Non-Affiliated Service Class 2:
Fidelity VIP Asset Manager (IQ3 )	5,745		13,292		92,801
Fidelity VIP Asset Manager (AdvantEdge )	8,323		3,775		92,682
Fidelity VIP Asset Manager (AnnuiChoice II )	10,860		11,384		154,699
Fidelity VIP Asset Manager (AnnuiChoice )	3,566		7,785		54,995
Fidelity VIP Asset Manager (GrandMaster flex3 )	737		444		14,890
Fidelity VIP Asset Manager (Pinnacle )	1,659		2,626		31,975
* - 2016 inception date of subaccount.

67

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases		Sales		Cost
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Asset Manager (Pinnacle IV )	$	10,848	$	80,186	$	171,708
Fidelity VIP Asset Manager (Pinnacle Plus Reduced M&E )	27,753		9,890		51,106
Fidelity VIP Asset Manager (Pinnacle Plus )	1,998		27,152		23,402
Fidelity VIP Asset Manager (Pinnacle V )	126,645		48,722		348,888
Fidelity VIP Balanced (AdvantEdge )	21,786		205,225		323,981
Fidelity VIP Balanced (AnnuiChoice II )	509,834		36,569		1,413,639
Fidelity VIP Balanced (AnnuiChoice )	10,266		5,400		270,369
Fidelity VIP Balanced (GrandMaster flex3 )	7,254		38,950		84,120
Fidelity VIP Balanced (Grandmaster )	222,122		82,319		580,766
Fidelity VIP Balanced (IQ3 )	60,824		36,230		206,471
Fidelity VIP Balanced (Pinnacle )	13,191		38,960		289,553
Fidelity VIP Balanced (Pinnacle IV )	239,582		386,219		857,465
Fidelity VIP Balanced (Pinnacle Plus Reduced M&E )	42,593		35,877		243,361
Fidelity VIP Balanced (Pinnacle Plus )	28,099		88,901		183,775
Fidelity VIP Balanced (Pinnacle V )	403,523		200,823		1,588,548
Fidelity VIP Contrafund (AdvantEdge )	174,049		390,077		1,187,884
Fidelity VIP Contrafund (AnnuiChoice II )	197,265		102,971		1,127,660
Fidelity VIP Contrafund (AnnuiChoice )	92,297		77,465		639,989
Fidelity VIP Contrafund (GrandMaster flex3 )	225,230		292,616		739,088
Fidelity VIP Contrafund (IQ Advisor Standard )	1,105		78		12,728
Fidelity VIP Contrafund (IQ3 )	146,114		124,306		1,169,950
Fidelity VIP Contrafund (Pinnacle IV )	331,697		886,311		2,792,858
Fidelity VIP Contrafund (Pinnacle Plus Reduced M&E )	260,073		209,870		776,470
Fidelity VIP Contrafund (Pinnacle Plus )	479,170		4,369,279		616,668
Fidelity VIP Contrafund (Pinnacle V )	1,198,672		986,824		6,736,032
Fidelity VIP Disciplined Small Cap (AnnuiChoice II )	175,257		4,482		264,460
Fidelity VIP Disciplined Small Cap (AnnuiChoice )	2,624		350		31,156
Fidelity VIP Disciplined Small Cap (Grandmaster )	982		1,080		11,002
Fidelity VIP Disciplined Small Cap (IQ Annuity )	5,638		5,008		60,116
Fidelity VIP Disciplined Small Cap (Pinnacle )	8,694		10,200		105,696
Fidelity VIP Disciplined Small Cap (Pinnacle IV )	7,747		34,543		41,025
Fidelity VIP Disciplined Small Cap (Pinnacle Plus Reduced M&E )	161		2,382		2,040
Fidelity VIP Disciplined Small Cap (Pinnacle Plus )	6,573		38,180		41,018
Fidelity VIP Disciplined Small Cap (Pinnacle V )	254,014		20,667		359,575
Fidelity VIP Equity-Income (AnnuiChoice II )	68,656		159,429		376,425
Fidelity VIP Equity-Income (AdvantEdge )	20,953		25,379		162,220
Fidelity VIP Equity-Income (AnnuiChoice )	131,875		15,517		359,967
Fidelity VIP Equity-Income (GrandMaster flex3 )	23,435		28,130		131,697
Fidelity VIP Equity-Income (IQ3 )	35,048		35,730		339,373
Fidelity VIP Equity-Income (Pinnacle IV )	1,046,753		257,874		1,546,536
Fidelity VIP Equity-Income (Pinnacle Plus Reduced M&E )	289,425		113,553		584,746
Fidelity VIP Equity-Income (Pinnacle Plus )	390,159		275,613		555,804
Fidelity VIP Equity-Income (Pinnacle V )	284,462		230,047		1,286,722
Fidelity VIP Freedom 2010 (Advantage )	120		123		2,880
Fidelity VIP Freedom 2010 (AnnuiChoice II )	2,492		66,374		29,241
Fidelity VIP Freedom 2010 (GrandMaster flex3 )	281		122		5,773
Fidelity VIP Freedom 2010 (Grandmaster )	467		655		10,790
* - 2016 inception date of subaccount.

68

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases		Sales		Cost
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Freedom 2010 (Pinnacle )	$	3,574	$	1,348	$	90,468
Fidelity VIP Freedom 2010 (Pinnacle IV )	5,924		54,232		143,032
Fidelity VIP Freedom 2010 (Pinnacle Plus )	180		91		5,143
Fidelity VIP Freedom 2010 (Pinnacle V )	76,975		300,647		369,825
Fidelity VIP Freedom 2015 (AdvantEdge )	5,042		2,080		110,046
Fidelity VIP Freedom 2015 (AnnuiChoice II )	350		100		8,105
Fidelity VIP Freedom 2015 (GrandMaster flex3 )	315		122		6,945
Fidelity VIP Freedom 2015 (Pinnacle IV )	1,489		1,182		36,236
Fidelity VIP Freedom 2015 (Pinnacle Plus Reduced M&E )	26,347		30,898		14,000
Fidelity VIP Freedom 2015 (Pinnacle Plus )	4,527		22,376		31,031
Fidelity VIP Freedom 2015 (Pinnacle V )	81,663		282,667		397,340
Fidelity VIP Freedom 2020 (AdvantEdge )	24		23		421
Fidelity VIP Freedom 2020 (AnnuiChoice II )	29,749		461		50,979
Fidelity VIP Freedom 2020 (Grandmaster )	915		157		10,658
Fidelity VIP Freedom 2020 (Pinnacle IV )	160		215		3,461
Fidelity VIP Freedom 2020 (Pinnacle V )	189,626		40,415		491,674
Fidelity VIP Freedom 2025 (Advantedge )	26		26		413
Fidelity VIP Freedom 2025 (Pinnacle IV )	348		124		7,347
Fidelity VIP Freedom 2025 (Pinnacle V )	287,778		14,114		785,804
Fidelity VIP Freedom 2030 (AnnuiChoice II )	57,966		917		66,449
Fidelity VIP Freedom 2030 (Pinnacle IV )	158		61		2,812
Fidelity VIP Freedom 2030 (Pinnacle Plus )	48,811		44,002		973,574
Fidelity VIP Freedom 2030 (Pinnacle V )	8,781		2,961		139,653
Fidelity VIP Growth (AnnuiChoice II )	162,641		80,644		622,227
Fidelity VIP Growth (GrandMaster )	683,401		296,870		898,198
Fidelity VIP Growth (AdvantEdge )	7,962		7,099		56,841
Fidelity VIP Growth (AnnuiChoice )	67,608		9,060		126,799
Fidelity VIP Growth (GrandMaster flex3 )	12,895		2,596		55,612
Fidelity VIP Growth (IQ3 )	13,801		21,892		71,215
Fidelity VIP Growth (Pinnacle )	18,540		99,755		82,466
Fidelity VIP Growth (Pinnacle IV )	607,734		239,871		775,899
Fidelity VIP Growth (Pinnacle Plus Reduced M&E )	109,479		13,009		105,955
Fidelity VIP Growth (Pinnacle Plus )	199,273		129,760		355,210
Fidelity VIP Growth (Pinnacle V )	249,572		119,234		514,807
Fidelity VIP High Income (AdvantEdge )	1,115,869		608,323		598,611
Fidelity VIP High Income (AnnuiChoice II )	12,404		5,339		144,304
Fidelity VIP High Income (AnnuiChoice )	11,126		3,726		232,380
Fidelity VIP High Income (GrandMaster flex3 )	2,498,849		1,318,317		1,332,386
Fidelity VIP High Income (IQ3 )	10,478,163		5,896,559		5,299,008
Fidelity VIP High Income (Pinnacle )	1,301		2,486		27,338
Fidelity VIP High Income (Pinnacle IV )	221,754		179,482		258,010
Fidelity VIP High Income (Pinnacle Plus Reduced M&E )	5,960		7,236		39,050
Fidelity VIP High Income (Pinnacle Plus )	4,375		40,534		91,781
Fidelity VIP High Income (Pinnacle V )	81,657		103,127		339,304
Fidelity VIP II Index 500 (Pinnacle )	30,376		65,059		513,214
Fidelity VIP II Index 500 (Pinnacle IV )	100,547		636,692		1,918,464
Fidelity VIP II Index 500 (Pinnacle V )	3,066,828		1,221,224		8,141,088
* - 2016 inception date of subaccount.

69

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases		Sales		Cost
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Index 500 (AdvantEdge )	$	486,374	$	95,932	$	1,223,481
Fidelity VIP Index 500 (AnnuiChoice II )	974,804		126,419		3,097,560
Fidelity VIP Index 500 (AnnuiChoice )	5,846		97,837		300,409
Fidelity VIP Index 500 (Grandmaster flex3 )	5,432		25,153		250,664
Fidelity VIP Index 500 (Grandmaster )	28,613		872,527		1,545,836
Fidelity VIP Index 500 (IQ3 )	9,787		70,946		410,495
Fidelity VIP Index 500 (Pinnacle Plus Reduced M&E )	241,868		77,691		743,831
Fidelity VIP Index 500 (Pinnacle Plus )	974,142		451,807		1,285,727
Fidelity VIP Investment Grade Bond (AdvantEdge )	321,702		293,314		801,922
Fidelity VIP Investment Grade Bond (AnnuiChoice II )	622,558		57,551		1,657,541
Fidelity VIP Investment Grade Bond (AnnuiChoice )	3,693		2,013		163,819
Fidelity VIP Investment Grade Bond (GrandMaster flex3 )	22,066		27,950		58,014
Fidelity VIP Investment Grade Bond (GrandMaster )	65,698		81,072		433,150
Fidelity VIP Investment Grade Bond (IQ3 )	10,610		55,196		246,014
Fidelity VIP Investment Grade Bond (Pinnacle )	44,918		85,011		101,047
Fidelity VIP Investment Grade Bond (Pinnacle IV )	16,345		198,380		444,639
Fidelity VIP Investment Grade Bond (Pinnacle II Reduced M&E )	396		192		17,767
Fidelity VIP Investment Grade Bond (Pinnacle Plus Reduced M&E )	1,655		11,902		72,250
Fidelity VIP Investment Grade Bond (Pinnacle Plus )	1,583		4,420,697		45,309
Fidelity VIP Investment Grade Bond (Pinnacle V )	1,795,300		1,028,786		9,271,383
Fidelity VIP Mid Cap (AdvantEdge )	58,482		292,728		410,158
Fidelity VIP Mid Cap (AnnuiChoice II )	125,792		54,444		845,181
Fidelity VIP Mid Cap (AnnuiChoice )	18,362		6,569		289,096
Fidelity VIP Mid Cap (GrandMaster flex3 )	19,954		29,809		255,954
Fidelity VIP Mid Cap (Grandmaster )	51,252		44,077		446,297
Fidelity VIP Mid Cap (IQ Annuity )	72,913		65,676		890,367
Fidelity VIP Mid Cap (Pinnacle )	108,598		58,959		427,110
Fidelity VIP Mid Cap (Pinnacle IV )	82,472		253,002		836,269
Fidelity VIP Mid Cap (Pinnacle Plus Reduced M&E )	83,231		158,130		523,568
Fidelity VIP Mid Cap (Pinnacle Plus )	36,328		97,449		391,206
Fidelity VIP Mid Cap (Pinnacle V )	229,719		366,922		1,720,081
Fidelity VIP Overseas (AdvantEdge )	42,925		41,105		300,932
Fidelity VIP Overseas (AnnuiChoice II )	20,131		7,530		257,595
Fidelity VIP Overseas (AnnuiChoice )	42,007		69,741		119,298
Fidelity VIP Overseas (GrandMaster flex3 )	22,530		23,066		105,602
Fidelity VIP Overseas (GrandMaster )	446,084		108,037		498,820
Fidelity VIP Overseas (IQ3 )	19,371		47,516		262,111
Fidelity VIP Overseas (Pinnacle )	7,481		71,519		295,378
Fidelity VIP Overseas (Pinnacle IV )	404,134		150,839		693,005
Fidelity VIP Overseas (Pinnacle Plus Reduced M&E )	66,807		34,343		107,088
Fidelity VIP Overseas (Pinnacle Plus )	64,612		90,459		144,604
Fidelity VIP Overseas (Pinnacle V )	165,621		141,734		886,321
Fidelity VIP Target Volatility (AnnuiChoice II )	10,033		337		18,013
Fidelity VIP Target Volatility (GrandMaster )	7,802		398		7,421
Fidelity VIP Target Volatility (Pinnacle V )	209,294		99,625		349,678
* - 2016 inception date of subaccount.

70

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases			Sales		Cost
Non-Affiliated Class 1:
Columbia VIT Mid Cap Value (Advantage )	$	63,535		$	7,166	$	84,323
Columbia VIT Mid Cap Value (AnnuiChoice II )	48,887			5,578		379,678
Columbia VIT Mid Cap Value (AnnuiChoice )	(1		)	63		4,616
Columbia VIT Mid Cap Value (Grandmaster flex3 )	127,443			115,100		175,131
Columbia VIT Mid Cap Value (Grandmaster )	1			16		845
Columbia VIT Mid Cap Value (Pinnacle )	(1		)	904		32,474
Columbia VIT Mid Cap Value (Pinnacle IV )	53,614			7,912		86,790
Columbia VIT Mid Cap Value (Pinnacle Plus Reduced M&E )	16,289			14,269		31,630
Columbia VIT Mid Cap Value (Pinnacle Plus )	2,001			43,392		119,057
Columbia VIT Mid Cap Value (Pinnacle V )	69,673			75,864		217,927
Franklin Growth and Income VIP Fund (Pinnacle )	195,465			362,460		1,449,555
Franklin Growth and Income VIP Fund (Pinnacle II Reduced M&E )	818			95		6,926
Franklin Income VIP Fund (Pinnacle )	259,501			707,111		3,675,534
Franklin Income VIP Fund (Pinnacle II Reduced M&E )	13,181			2,911		270,544
JP Morgan IT Mid Cap Value (AnnuiChoice )	123			26		1,553
JP Morgan IT Mid Cap Value (GrandMaster flex3 )	5,897			6,183		54,623
JP Morgan IT Mid Cap Value (Grandmaster )	4,652			4,610		42,664
JP Morgan IT Mid Cap Value (IQ3 )	3,655			1,041		33,816
JP Morgan IT Mid Cap Value (Pinnacle )	5,662			2,492		54,276
JP Morgan IT Mid Cap Value (Pinnacle IV )	32,668			241,886		258,961
JP Morgan IT Mid Cap Value (Pinnacle Plus Reduced M&E )	17,445			36,249		220,676
JP Morgan IT Mid Cap Value (Pinnacle Plus )	1			4,111		—
Morgan Stanley UIF Emerging Markets Debt (GrandMaster flex3 )	524			5,859		4,599
Morgan Stanley UIF Emerging Markets Debt (IQ3 )	13			1,157		247
Morgan Stanley UIF Emerging Markets Debt (Pinnacle )	6,924			59,628		103,162
Morgan Stanley UIF Emerging Markets Debt (Pinnacle IV )	3,263			42,336		24,190
Morgan Stanley UIF Emerging Markets Debt (Pinnacle II Reduced M&E )	824			171		16,675
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice II )	67			78		2,892
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice )	19			16		1,088
Morgan Stanley UIF U.S. Real Estate (GrandMaster flex3 )	1,566			15,066		63,703
Morgan Stanley UIF U.S. Real Estate (IQ3 )	945			6,627		42,118
Morgan Stanley UIF U.S. Real Estate (Pinnacle )	67,174			121,574		407,047
Morgan Stanley UIF U.S. Real Estate (Pinnacle IV )	8,490			272,264		306,303
Non-Affiliated Class 2:
American Funds Managed Risk Asset Allocation (AdvantEdge )	2,905			1,062		65,581
American Funds Managed Risk Asset Allocation (AnnuiChoice )	3			3		96
American Funds Managed Risk Asset Allocation (AnnuiChoice II )	39,476			7,720		132,602
American Funds Managed Risk Asset Allocation (GrandMaster flex3 )	230			1,076		4,920
American Funds Managed Risk Asset Allocation (Pinnacle )	10,056			1,291		9,411
American Funds Managed Risk Asset Allocation (Pinnacle IV )	17,402			2,431		28,308
American Funds Managed Risk Asset Allocation (Pinnacle V )	293,167			134,547		1,549,617
Columbia VIT Small Cap Value Class 2 (AdvantEdge )	15,560			80,930		112,274
Columbia VIT Small Cap Value Class 2 (AnnuiChoice II )	131,579			19,381		235,782
Columbia VIT Small Cap Value Class 2 (GrandMaster flex3 )	1,594			243		17,845
Columbia VIT Small Cap Value Class 2 (Grandmaster )	4,434			6,361		46,458
Columbia VIT Small Cap Value Class 2 (Pinnacle Plus )	14,246			5,543		97,524
Columbia VIT Small Cap Value Class 2 (Pinnacle )	6,808			5,685		12,709
* - 2016 inception date of subaccount.

71

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases		Sales		Cost
Non-Affiliated Class 2 (continued):
Columbia VIT Small Cap Value Class 2 (Pinnacle IV )	$	39,136	$	7,907	$	73,417
Columbia VIT Small Cap Value Class 2 (Pinnacle V )	95,012		136,437		558,274
Franklin Growth and Income VIP Fund (AdvantEdge )	15,765		17,311		102,765
Franklin Growth and Income VIP Fund (AnnuiChoice II )	56,048		60,727		346,977
Franklin Growth and Income VIP Fund (AnnuiChoice )	28,092		7,935		159,720
Franklin Growth and Income VIP Fund (GrandMaster flex3 )	37,114		90,375		187,650
Franklin Growth and Income VIP Fund (Grandmaster )	76,871		51,703		680,179
Franklin Growth and Income VIP Fund (IQ Annuity )	84,068		78,328		555,543
Franklin Growth and Income VIP Fund (Pinnacle )	163,723		53,806		709,192
Franklin Growth and Income VIP Fund (Pinnacle IV )	195,485		412,863		1,159,894
Franklin Growth and Income VIP Fund (Pinnacle II Reduced M&E )	1		—		18
Franklin Growth and Income VIP Fund (Pinnacle Plus Reduced M&E )	114,767		31,621		389,438
Franklin Growth and Income VIP Fund (Pinnacle Plus )	15,759		107,130		73,126
Franklin Growth and Income VIP Fund (Pinnacle V )	194,598		182,148		893,456
Franklin Income VIP Fund (AdvantEdge )	48,984		13,163		292,861
Franklin Income VIP Fund (AnnuiChoice II )	87,040		117,205		787,965
Franklin Income VIP Fund (AnnuiChoice )	7,186		1,921		148,362
Franklin Income VIP Fund (GrandMaster flex3 )	58,253		272,918		823,614
Franklin Income VIP Fund (Grandmaster )	49,155		101,261		727,253
Franklin Income VIP Fund (IQ Annuity )	59,980		129,049		920,239
Franklin Income VIP Fund (Pinnacle IV )	103,136		341,768		1,767,464
Franklin Income VIP Fund (Pinnacle Plus Reduced M&E )	64,422		123,740		359,404
Franklin Income VIP Fund (Pinnacle Plus )	6,788		118,270		110,981
Franklin Income VIP Fund (Pinnacle V )	639,013		623,699		8,388,260
Franklin Large Cap Growth VIP Fund (AdvantEdge )	16,993		41,495		151,702
Franklin Large Cap Growth VIP Fund (AnnuiChoice II )	13,248		22,341		239,668
Franklin Large Cap Growth VIP Fund (AnnuiChoice )	7,672		572		56,582
Franklin Large Cap Growth VIP Fund (GrandMaster flex3 )	14,238		1,362		56,992
Franklin Large Cap Growth VIP Fund (Grandmaster )	15,530		7,536		50,606
Franklin Large Cap Growth VIP Fund (IQ Annuity )	4,630		5,751		208,161
Franklin Large Cap Growth VIP Fund (Pinnacle )	27,981		10,786		145,496
Franklin Large Cap Growth VIP Fund (Pinnacle IV )	54,784		147,735		512,760
Franklin Large Cap Growth VIP Fund (Pinnacle Plus Reduced M&E )	12,794		1,601		101,515
Franklin Large Cap Growth VIP Fund (Pinnacle Plus )	1,892		35,710		95,197
Franklin Large Cap Growth VIP Fund (Pinnacle V )	93,692		403,145		712,907
Franklin Mutual Shares VIP Fund (AdvantEdge )	166,174		317,328		1,242,652
Franklin Mutual Shares VIP Fund (AnnuiChoice II )	215,892		61,741		1,001,410
Franklin Mutual Shares VIP Fund (AnnuiChoice )	21,911		3,219		200,643
Franklin Mutual Shares VIP Fund (GrandMaster flex3 )	52,076		178,205		407,256
Franklin Mutual Shares VIP Fund (IQ Advisor Standard )	1,193		69		11,462
Franklin Mutual Shares VIP Fund (IQ Annuity )	41,994		65,698		246,147
Franklin Mutual Shares VIP Fund (Pinnacle )	52,196		58,548		424,742
Franklin Mutual Shares VIP Fund (Pinnacle IV )	103,104		201,053		848,061
Franklin Mutual Shares VIP Fund (Pinnacle Plus Reduced M&E )	107,367		72,792		272,116
Franklin Mutual Shares VIP Fund (Pinnacle Plus )	6,812		107,484		57,664
Franklin Mutual Shares VIP Fund (Pinnacle V )	848,833		544,835		4,396,018
Franklin Mutual Shares VIP Fund(Grandmaster )	44,724		50,056		289,685
* - 2016 inception date of subaccount.

72

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases		Sales		Cost
Non-Affiliated Class 2 (continued):
Franklin Small Cap Value VIP Fund (AdvantEdge )	$	78,570	$	12,406	$	163,316
Franklin Small Cap Value VIP Fund (AnnuiChoice II )	41,637		21,475		73,163
Franklin Small Cap Value VIP Fund (Grandmaster )	40,683		8,669		147,766
Franklin Small Cap Value VIP Fund (GrandMaster flex3 )	3,846		9,502		18,363
Franklin Small Cap Value VIP Fund (IQ Annuity )	12,688		14,087		86,097
Franklin Small Cap Value VIP Fund (Pinnacle Plus Reduced M&E )	1,809		3,618		10,290
Franklin Small Cap Value VIP Fund (Pinnacle Plus )	8,323		908		59,049
Franklin Small Cap Value VIP Fund (Pinnacle )	29,842		53,223		116,464
Franklin Small Cap Value VIP Fund (Pinnacle IV )	29,283		21,817		142,858
Franklin Small Cap Value VIP Fund (Pinnacle V )	193,145		56,706		476,815
Invesco VI American Franchise (AdvantEdge )	2,411		832		10,161
Invesco VI American Franchise (AnnuiChoice II )	1,863		20,788		15,309
Invesco VI American Franchise (GrandMaster flex3 )	1,203		201		12,334
Invesco VI American Franchise (Grandmaster )	513		74		4,254
Invesco VI American Franchise (IQ Annuity )	—		104		—
Invesco VI American Franchise (Pinnacle Plus Reduced M&E )	9,606		56		9,543
Invesco VI American Franchise (Pinnacle Plus )	2,461		12,898		19,220
Invesco VI American Franchise (Pinnacle )	390		14,257		3,511
Invesco VI American Franchise (Pinnacle IV )	11,595		20,803		77,691
Invesco VI American Franchise (Pinnacle V )	45,006		18,985		75,357
Invesco VI American Value (AdvantEdge )	22,180		183,680		152,604
Invesco VI American Value (AnnuiChoice II )	193,243		43,070		596,255
Invesco VI American Value (AnnuiChoice )	145		133		2,573
Invesco VI American Value (GrandMaster flex3 )	1,778		470		32,211
Invesco VI American Value (IQ Annuity )	19,327		333		33,989
Invesco VI American Value (Pinnacle Plus Reduced M&E )	3,271		10,327		16,701
Invesco VI American Value (Pinnacle Plus )	7,365		4,976		158,811
Invesco VI American Value II (Pinnacle V )	283,353		81,740		937,569
Invesco VI American Value II (Pinnacle )	28,942		30,290		25,249
Invesco VI American Value II (Pinnacle IV )	1,317		16,469		24,144
Invesco VI Comstock (AdvantEdge )	19,625		58,273		151,282
Invesco VI Comstock (AnnuiChoice II )	155,411		99,429		533,073
Invesco VI Comstock (AnnuiChoice )	4,751		1,453		44,574
Invesco VI Comstock (GrandMaster flex3 )	11,042		20,598		66,594
Invesco VI Comstock (Grandmaster )	4,154		1,252		49,778
Invesco VI Comstock (IQ Annuity )	2,294		375		15,310
Invesco VI Comstock (Pinnacle Plus Reduced M&E )	13,626		15,862		74,277
Invesco VI Comstock (Pinnacle Plus )	3,868		12,181		36,047
Invesco VI Comstock (Pinnacle )	7,495		10,777		75,967
Invesco VI Comstock (Pinnacle IV )	109,505		96,728		208,541
Invesco VI Comstock (Pinnacle V )	375,700		172,308		1,573,998
Invesco VI International Growth Class II (Advantage )	49,266		9,548		132,570
Invesco VI International Growth Class II (IQ Advisor Enhanced )	98,030		6,139		298,303
Invesco VI International Growth Class II (Pinnacle Plus )	8,209		4,316		114,937
Invesco VI International Growth Class II (Pinnacle )	1,919		9,866		60,332
Invesco VI International Growth Class II (Pinnacle V )	127,585		43,156		754,453
Invesco VI International Growth II (Grandmaster )	339		420		32,121
* - 2016 inception date of subaccount.

73

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases		Sales		Cost
Non-Affiliated Class 2 (continued):
Invesco VI Mid Cap Growth (Pinnacle V )*	$	38,496	$	268	$	38,203
Templeton Foreign VIP Fund (IQ Annuity )	21,002		29,838		279,302
Templeton Foreign VIP (Pinnacle )	8,146		17,491		216,009
Templeton Foreign VIP (Pinnacle IV )	27,810		141,389		739,809
Templeton Foreign VIP (Pinnacle V )	216,025		281,286		1,752,338
Templeton Foreign VIP Fund (AnnuiChoice II )	98,830		31,582		436,734
Templeton Foreign VIP Fund (AnnuiChoice )	2,023		1,574		56,924
Templeton Foreign VIP Fund (AdvantEdge )	38,682		55,244		429,979
Templeton Foreign VIP Fund (GrandMaster flex3 )	29,143		162,503		205,571
Templeton Foreign VIP Fund (Grandmaster )	3,367		30,054		85,111
Templeton Foreign VIP Fund (Pinnacle Plus Reduced M&E )	14,701		9,639		177,213
Templeton Foreign VIP Fund (Pinnacle Plus )	4,716		69,883		115,057
Templeton Global Bond VIP Fund (Pinnacle )	1,559		1,874		78,380
Templeton Global Bond VIP Fund (Grandmaster )	7,161		1,796		45,561
Templeton Global Bond VIP Fund (GrandMaster flex3 )	626		102,147		41,941
Templeton Global Bond VIP Fund (Pinnacle V )	6,056		12,929		43,592
Templeton Global Bond VIP Fund (Pinnacle IV )	20,961		32,400		182,975
Templeton Global Bond VIP Fund (AnnuiChoice II )	27,908		21,311		347,230
Templeton Growth VIP Fund (AdvantEdge )	7,674		9,907		70,683
Templeton Growth VIP Fund (AnnuiChoice II )	5,500		55,220		76,526
Templeton Growth VIP Fund (AnnuiChoice )	1,531		264		27,704
Templeton Growth VIP Fund (GrandMaster flex3 )	22,659		168,937		132,284
Templeton Growth VIP Fund (Grandmaster )	4,519		8,883		72,919
Templeton Growth VIP Fund (IQ Advisor Standard )	605		61		10,867
Templeton Growth VIP Fund (IQ Annuity )	13,299		23,032		149,280
Templeton Growth VIP Fund (Pinnacle )	20,993		31,937		113,075
Templeton Growth VIP Fund (Pinnacle IV )	36,352		106,894		410,720
Templeton Growth VIP Fund (Pinnacle II Reduced M&E )	621		121		9,461
Templeton Growth VIP Fund (Pinnacle Plus Reduced M&E )	46,277		30,119		105,115
Templeton Growth VIP Fund (Pinnacle Plus )	2,701		61,967		22,963
Templeton Growth VIP Fund (Pinnacle V )	38,139		64,920		443,126
Morgan Stanley UIF Emerging Markets Debt (AdvantEdge )	12,070		16,341		195,262
Morgan Stanley UIF Emerging Markets Debt (AnnuiChoice II )	6,099		10,548		74,242
Morgan Stanley UIF Emerging Markets Debt (AnnuiChoice )	5,531		1,082		105,298
Morgan Stanley UIF Emerging Markets Debt (GrandMaster flex3 )	7,252		6,969		138,661
Morgan Stanley UIF Emerging Markets Debt (Grandmaster )	66		17		1,300
Morgan Stanley UIF Emerging Markets Debt (IQ Annuity )	10,828		17,752		162,231
Morgan Stanley UIF Emerging Markets Debt (Pinnacle IV )	2,778		6,858		49,990
Morgan Stanley UIF Emerging Markets Debt (Pinnacle Plus Reduced M&E )	4,777		9,147		86,685
Morgan Stanley UIF Emerging Markets Debt (Pinnacle Plus )	4,411		3,842		85,264
Morgan Stanley UIF Emerging Markets Debt (Pinnacle V )	20,922		96,774		228,295
Morgan Stanley UIF Emerging Markets Equity (AdvantEdge )	25,692		82,220		314,892
Morgan Stanley UIF Emerging Markets Equity (AnnuiChoice II )	8,526		3,600		88,597
Morgan Stanley UIF Emerging Markets Equity (AnnuiChoice )	12,119		1,217		68,862
Morgan Stanley UIF Emerging Markets Equity (GrandMaster flex3 )	7,301		49,979		96,935
Morgan Stanley UIF Emerging Markets Equity (Grandmaster )	123,884		89,655		112,638
Morgan Stanley UIF Emerging Markets Equity (IQ Annuity )	73,408		45,445		314,395
* - 2016 inception date of subaccount.

74

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases		Sales		Cost
Non-Affiliated Class 2 (continued):
Morgan Stanley UIF Emerging Markets Equity (Pinnacle )	$	4,314	$	33,855	$	89,026
Morgan Stanley UIF Emerging Markets Equity (Pinnacle IV )	121,759		81,688		369,480
Morgan Stanley UIF Emerging Markets Equity (Pinnacle Plus Reduced M&E )	27,245		30,583		69,649
Morgan Stanley UIF Emerging Markets Equity (Pinnacle Plus )	2,453		64,084		199,308
Morgan Stanley UIF Emerging Markets Equity (Pinnacle V )	57,429		205,817		565,289
Morgan Stanley UIF U. S. Real Estate (Pinnacle Plus Reduced M&E )	25,322		47,045		140,042
Morgan Stanley UIF U. S. Real Estate (Pinnacle Plus )	4,376		85,352		229,810
Morgan Stanley UIF U.S. Real Estate (AdvantEdge )	11,521		127,409		163,314
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice II )	117,326		12,023		371,812
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice )	29		130		2,003
Morgan Stanley UIF U.S. Real Estate (GrandMaster flex3 )	1,281		29,768		31,850
Morgan Stanley UIF U.S. Real Estate (Grandmaster )	39,550		8,234		100,403
Morgan Stanley UIF U.S. Real Estate (IQ Annuity )	5,813		24,926		128,190
Morgan Stanley UIF U.S. Real Estate (Pinnacle IV )	34,237		178,038		277,681
Morgan Stanley UIF U.S. Real Estate (Pinnacle V )	143,247		184,458		874,879
Non-Affiliated Class 3:
BlackRock Capital Appreciation VI (Advantage )	12,429		85,011		203,809
BlackRock Capital Appreciation VI (AnnuiChoice II )	211,446		16,762		402,486
BlackRock Capital Appreciation VI (Annuichoice )	9		8		350
BlackRock Capital Appreciation VI (GrandMaster flex3 )	258		155		9,679
BlackRock Capital Appreciation VI Class III (Grandmaster )	42		99,959		1,592
BlackRock Capital Appreciation VI Class III (Pinnacle )	150		39,084		5,658
BlackRock Capital Appreciation VI Class III (Pinnacle IV )	13,691		7,720		53,913
BlackRock Capital Appreciation VI Class III (Pinnacle V )	213,286		49,760		1,115,240
BlackRock Global Allocation VI (Advantedge )	8,790		164,073		300,264
BlackRock Global Allocation VI (AnnuiChoice II )	9,561		18,106		166,248
BlackRock Global Allocation VI (Annuichoice )	446		1,009		41,402
BlackRock Global Allocation VI (Grandmaster flex3 )	260		169,634		8,751
BlackRock Global Allocation VI (Grandmaster )	477		958		7,192
BlackRock Global Allocation VI Class III (Pinnacle )	200		8,620		13,148
BlackRock Global Allocation VI Class III (Pinnacle IV )	316		16,668		27,941
BlackRock Global Allocation VI Class III (Pinnacle V )	64,234		62,251		266,601
BlackRock High Yield VI (Pinnacle V )*	48,096		15,626		32,704
BlackRock Total Return VI (Pinnacle V )*	188,987		1,495		187,469
TOPS Managed Risk Moderate Growth ETF (AnnuiChoice II)	10,269		257		18,520
TOPS Managed Risk Moderate Growth ETF (Pinnacle IV )	887,056		204,729		813,315
Non-Affiliated Class 4:
American Funds Bond (AnnuiChoice II )*	58,361		123		58,235
American Funds Bond (Pinnacle V )*	147,319		761		146,549
American Funds Capital Income Builder (Pinnacle IV )	5,988		560		40,535
American Funds Capital Income Builder (Pinnacle V )	144,271		21,843		226,796
American Funds Capital Income Builder (AnnuiChoice II )	477,587		89,376		530,154
American Funds Global Growth (AdvantEdge )	1,459		12,171		9,749
American Funds Global Growth (AnnuiChoice )	—		26,730		—
American Funds Global Growth (AnnuiChoice II )	211,716		11,351		740,494
American Funds Global Growth (Grandmaster )	7,509		281,434		89,402
American Funds Global Growth (GrandMaster flex3 )	2,575		33,557		—
American Funds Global Growth (Pinnacle )	1,092		369		1,104
* - 2016 inception date of subaccount.

75

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases		Sales		Cost
Non-Affiliated Class 4 (continued):
American Funds Global Growth (Pinnacle IV )	$	1,653	$	254,913	$	2,928
American Funds Global Growth (Pinnacle V )	35,450		52,986		233,697
American Funds Growth (AdvantEdge )	22,249		1,582		20,689
American Funds Growth (AnnuiChoice II )	157,749		2,993		306,106
American Funds Growth (Pinnacle )	742		7		739
American Funds Growth (Pinnacle IV )	601		4,789		1,568
American Funds Growth (Pinnacle V )	426,567		2,907		452,155
American Funds Growth-Income (AdvantEdge )	29,762		51,452		—
American Funds Growth-Income (AnnuiChoice II )	69,652		8,781		363,738
American Funds Growth-Income (Grandmaster )	18,240		9,325		133,828
American Funds Growth-Income (Pinnacle )	7,269		5,642		16,974
American Funds Growth-Income (Pinnacle IV )	8,204		982		77,895
American Funds Growth-Income (Pinnacle V )	304,089		109,607		978,582
American Funds New World (AdvantEdge )	529		12,283		—
American Funds New World (AnnuiChoice )	—		19,297		—
American Funds New World (AnnuiChoice II )	31,296		7,898		158,936
American Funds New World (Grandmaster )	—		200,129		—
American Funds New World (GrandMaster flex3 )	18		9,487		—
American Funds New World (Pinnacle )	12,985		1,676		49,144
American Funds New World (Pinnacle IV )	1,267		190,771		20,876
American Funds New World (Pinnacle V )	30,224		51,152		146,404
Non-Affiliated Class A:
Deutsche Small Cap Index VIP (Pinnacle )	55,949		73,411		506,462
Deutsche Small Cap Index VIP (Pinnacle IV )	54		84		643
Deutsche Small Cap Index VIP (Pinnacle II Reduced M&E )	259		42		2,868
Non-Affiliated Class B:
Deutsche Small Cap Index (AdvantEdge )	7,945		7,434		20,860
Deutsche Small Cap Index (AnnuiChoice II )	94,044		8,209		459,622
Deutsche Small Cap Index (AnnuiChoice )	1,928		706		20,160
Deutsche Small Cap Index (GrandMaster flex3 )	6,740		7,331		44,477
Deutsche Small Cap Index (Grandmaster )	4,456		6,320		22,458
Deutsche Small Cap Index (IQ3 )	6,896		2,248		66,122
Deutsche Small Cap Index (Pinnacle Plus Reduced M&E )	13,729		6,347		189,245
Deutsche Small Cap Index (Pinnacle Plus )	5,992		43,945		26,628
Deutsche Small Cap Index VIP (Pinnacle IV )	29,860		26,114		176,689
Deutsche Small Cap Index VIP (Pinnacle V )	57,555		30,829		209,260
Advisor Class:
Pimco VIT All Asset (AdvantEdge )	4,946		37,076		129,528
Pimco VIT All Asset (IQ Annuity )	3,144		7,258		128,591
Pimco VIT All Asset (Pinnacle )	90,195		69,163		66,116
Pimco VIT All Asset (AnnuiChoice II )	10,714		8,271		120,956
Pimco VIT All Asset (AnnuiChoice )	357		165		16,410
Pimco VIT All Asset (GrandMaster flex3 )	31		22		1,324
Pimco VIT All Asset (Grandmaster )	47,965		10,995		407,592
Pimco VIT All Asset (Pinnacle IV )	9,539		75,564		410,701
Pimco VIT All Asset (Pinnacle Plus Reduced M&E )	12,252		11,149		30,075
Pimco VIT All Asset (Pinnacle Plus )	23,585		48,826		59,693
* - 2016 inception date of subaccount.

76

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases			Sales		Cost
Advisor Class (continued):
Pimco VIT All Asset (Pinnacle V )	$	34,662		$	127,495	$	310,731
Pimco VIT Commodity Real Return (Pinnacle )	9,565			19,303		126,250
Pimco VIT Commodity Real Return (Pinnacle IV )	3,014			21,689		73,963
Pimco VIT Commodity Real Return (Pinnacle V )	82,699			134,995		1,127,786
Pimco VIT Commodity Real Return Strategy (AdvantEdge )	37,100			65,626		554,201
Pimco VIT Commodity Real Return Strategy (AnnuiChoice II )	28,405			9,269		132,996
Pimco VIT Commodity Real Return Strategy (AnnuiChoice )	(1		)	1,529		—
Pimco VIT Commodity Real Return Strategy (Grandmaster )	21,702			2,502		137,337
Pimco VIT Commodity Real Return Strategy (IQ Annuity )	14,621			18,727		221,967
Pimco VIT Commodity Real Return Strategy (GrandMaster flex3 )	75			1,953		11,304
Pimco VIT Commodity Real Return Strategy (Pinnacle Plus Reduced M&E )	2,258			4,716		18,240
Pimco VIT Commodity Real Return Strategy (Pinnacle Plus )	1,058			16,801		105,694
Pimco VIT Foreign Bond (Pinnacle V )*	15,018			14,736		—
Pimco VIT Long Term Government (AdvantEdge )	44,299			332		43,957
Pimco VIT Long Term Government (AnnuiChoice II )	13,609			3,299		108,656
Pimco VIT Long Term Government (Pinnacle )	36,090			16,843		17,843
Pimco VIT Long Term Government (Pinnacle IV )	3,018			14		3,003
Pimco VIT Long Term Government (Pinnacle V )	16,492			459		16,020
Pimco VIT Low Duration (AnnuiChoice II )	6,851			29,498		150,557
Pimco VIT Low Duration (AnnuiChoice )	39			33		2,879
Pimco VIT Low Duration (GrandMaster flex3 )	1,265			1,437		94,518
Pimco VIT Low Duration (Grandmaster )	10,897			3,480		239,808
Pimco VIT Low Duration (IQ Annuity )	9,886			13,911		612,955
Pimco VIT Low Duration (Pinnacle )	348			1,868		24,796
Pimco VIT Low Duration (Pinnacle IV )	22,495			11,582		66,350
Pimco VIT Low Duration (AdvantEdge )	1,456			4,253		75,032
Pimco VIT Low Duration (Pinnacle Plus Reduced M&E )	14,896			14,396		13,028
Pimco VIT Low Duration (Pinnacle Plus )	7,857,207			7,815,657		56,134
Pimco VIT Low Duration (Pinnacle V )	276,737			224,254		907,595
Pimco VIT Real Return (Pinnacle IV )	1,547			10,083		76,195
Pimco VIT Real Return (AdvantEdge )	1,849			13,077		24,486
Pimco VIT Real Return (AnnuiChoice II )	38,292			10,072		228,292
Pimco VIT Real Return (AnnuiChoice )	1,818			13,742		95,157
Pimco VIT Real Return (GrandMaster flex3 )	30,521			8,126		78,577
Pimco VIT Real Return (Grandmaster )	13,880			10,203		35,038
Pimco VIT Real Return (IQ Annuity )	5,676			8,597		259,036
Pimco VIT Real Return (Pinnacle )	5,964			9,172		96,416
Pimco VIT Real Return (Pinnacle Plus Reduced M&E )	5,482			13,452		5,507
Pimco VIT Real Return (Pinnacle Plus )	8,907			23,158		71,214
Pimco VIT Real Return (Pinnacle V )	80,619			58,425		885,398
Pimco VIT Total Return (Pinnacle V )	1,484,929			1,478,532		12,761,543
Pimco VIT Total Return (AdvantEdge )	264,546			928,643		3,755,075
Pimco VIT Total Return (AnnuiChoice II )	544,070			145,835		2,667,678
Pimco VIT Total Return (AnnuiChoice )	5,544			2,902		292,357
Pimco VIT Total Return (GrandMaster flex3 )	503,625			358,195		569,896
Pimco VIT Total Return (Grandmaster )	66,451			73,400		699,222
Pimco VIT Total Return (IQ Annuity )	63,565			69,223		895,445
* - 2016 inception date of subaccount.

77

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases		Sales		Cost
Advisor Class (continued):
Pimco VIT Total Return (Pinnacle )	$	90,536	$	287,696	$	433,762
Pimco VIT Total Return (Pinnacle IV )	45,284		124,918		430,034
Pimco VIT Total Return (Pinnacle Plus Reduced M&E )	106,384		55,661		86,436
Pimco VIT Total Return (Pinnacle Plus )	166,946		220,633		556,962
Investor Class:
Guggenheim VT Global Managed Future Strategy (Pinnacle )	60		17,812		1,673
Guggenheim VT Global Managed Future Strategy (Pinnacle IV )	122		11,309		3,511
Guggenheim VT Global Managed Future Strategy (Pinnacle V )	23,812		74,112		175,440
Guggenheim VT Global Managed Futures Strategies (AdvantEdge )	18,066		11,057		120,107
Guggenheim VT Global Managed Futures Strategies (AnnuiChoice II )	2,951		3,041		32,559
Guggenheim VT Global Managed Futures Strategies (AnnuiChoice )	275		1,962		7,816
Guggenheim VT Global Managed Futures Strategies (Grandmaster )	29		1,759		812
Guggenheim VT Global Managed Futures Strategies (IQ Annuity )	—		1,107		—
Guggenheim VT Global Managed Futures Strategies (Pinnacle Plus Reduced M&E )	6,519		1,525		10,447
Guggenheim VT Global Managed Futures Strategies (Pinnacle Plus )	461		7,267		14,188
Guggenheim VT Multi-Hedge Strategies (AdvantEdge )	13,442		10,876		115,020
Guggenheim VT Multi-Hedge Strategies (AnnuiChoice II )	1,982		14,457		28,009
Guggenheim VT Multi-Hedge Strategies (AnnuiChoice )	105		1,310		99,359
Guggenheim VT Multi-Hedge Strategies (GrandMaster flex3 )	17		419		16,349
Guggenheim VT Multi-Hedge Strategies (Grandmaster )	6,011		35,532		17,965
Guggenheim VT Multi-Hedge Strategies (IQ Annuity )	1,273		10,758		54,558
Guggenheim VT Multi-Hedge Strategies (Pinnacle )	66		2,957		61,847
Guggenheim VT Multi-Hedge Strategies (Pinnacle IV )	14		2,228		12,421
Guggenheim VT Multi-Hedge Strategies (Pinnacle Plus Reduced M&E )	11,479		7,410		29,417
Guggenheim VT Multi-Hedge Strategies (Pinnacle Plus )	11		14,203		7,464
Guggenheim VT Multi-Hedge Strategies (Pinnacle V )	1,056		11,098		82,175
Guggenheim VT Long Short Equity (AdvantEdge )	—		601		14,424
Guggenheim VT Long Short Equity (AnnuiChoice II )	878		4,627		53,771
Guggenheim VT Long Short Equity (AnnuiChoice )	2		33		1,863
Guggenheim VT Long Short Equity (Grandmaster )	1		79		1,846
Guggenheim VT Long Short Equity (IQ Annuity )	—		318		665
Guggenheim VT Long Short Equity (Pinnacle )	1		2,192		10,728
Guggenheim VT Long Short Equity (Pinnacle IV )	—		2,207		16,853
Guggenheim VT Long Short Equity (Pinnacle Plus Reduced M&E )	—		82		6,541
Guggenheim VT Long Short Equity (Pinnacle Plus )	—		60		3,383
Guggenheim VT Long Short Equity (Pinnacle V )	166		8,293		53,387
ETF Shares:
iShares Core US Aggregate Bond ETF (Varoom ® )	372		981		16,172
iShares Core US Aggregate Bond ETF (Varoom GLWB 2)	2,852		3,304		38,276
iShares Core US Aggregate Bond ETF (Varoom GLWB 3)	15,662		3,587		27,789
iShares Core US Aggregate Bond ETF (Varoom GLWB 5)	83,330		128,442		522,382
iShares Intermediate Credit Bond ETF (Varoom GLWB 2)	1,396		1,669		11,090
iShares Intermediate Credit Bond ETF (Varoom GLWB 3)	35,944		4,055		59,337
iShares Intermediate Credit Bond ETF (Varoom GLWB 5)	288,021		33,860		761,792
iShares TIPS Bond ETF (Varoom GLWB 2)	1,583		1,184		20,335
iShares TIPS Bond ETF (Varoom GLWB 3)	17,685		3,537		26,502
iShares TIPS Bond ETF (Varoom GLWB 5)	11,348		54,778		66,351
* - 2016 inception date of subaccount.

78

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases		Sales		Cost
ETF Shares (continued):
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom)	$	310	$	396	$	6,732
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 2)	3,511		2,828		44,997
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 3)	5,337		11,875		108,804
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 5)	10,376		15,505		167,961
iShares S&P 500 Growth ETF (Varoom)	1,055		3,961		33,938
iShares S&P 500 Growth ETF (Varoom GLWB 1)	8,621		11,880		93,391
iShares S&P 500 Growth ETF (Varoom GLWB 2)	685		659		6,257
iShares S&P 500 Growth ETF (Varoom GLWB 3)	42,308		7,499		121,122
iShares S&P 500 Growth ETF (Varoom GLWB 4)	181,671		103,539		1,473,122
iShares S&P 500 Growth ETF (Varoom GLWB 5)	38,745		3,588		70,068
iShares Core S&P 500 Index ETF (Varoom)	2,530		12,007		79,124
iShares Core S&P 500 Index ETF (Varoom GLWB 1)	45,461		154,394		607,694
iShares Core S&P 500 Index ETF (Varoom GLWB 2)	1,814		2,478		19,701
iShares Core S&P 500 Index ETF (Varoom GLWB 3)	183,436		41,850		598,556
iShares Core S&P 500 Index ETF (Varoom GLWB 4)	1,180,691		1,932,989		15,993,762
iShares Core S&P 500 Index ETF (Varoom GLWB 5)	202,134		85,518		1,122,256
iShares S&P 500 Value Index ETF (Varoom GLWB 1)	1,331		23,777		21,546
iShares S&P 500 Value Index ETF (Varoom GLWB 2)	720		1,229		6,710
iShares S&P 500 Value Index ETF (Varoom GLWB 3)	2,557		5,838		95,702
iShares S&P 500 Value Index ETF (Varoom GLWB 4)	30,423		36,522		270,665
iShares S&P 500 Value Index ETF (Varoom GLWB 5)	21,665		37,724		77,409
iShares Core S&P MidCap Index ETF (Varoom)	1,208		3,760		39,198
iShares Core S&P MidCap Index ETF (Varoom GLWB 1)	14,767		64,092		175,240
iShares Core S&P MidCap Index ETF (Varoom GLWB 2)	8,171		9,930		63,595
iShares Core S&P MidCap Index ETF (Varoom GLWB 3)	47,615		7,614		185,794
iShares Core S&P MidCap Index ETF (Varoom GLWB 4)	367,749		821,413		4,425,208
iShares Core S&P MidCap Index ETF (Varoom GLWB 5)	91,398		61,481		370,885
iShares Core S&P Small Cap Index ETF (Varoom)	648		2,324		24,560
iShares Core S&P Small Cap Index ETF (Varoom GLWB 1)	8,785		37,814		85,590
iShares Core S&P Small Cap Index ETF (Varoom GLWB 2)	4,285		5,466		33,772
iShares Core S&P Small Cap Index ETF (Varoom GLWB 3)	33,670		3,825		120,768
iShares Core S&P Small Cap Index ETF (Varoom GLWB 4)	189,412		512,040		2,150,412
iShares Core S&P Small Cap Index ETF (Varoom GLWB 5)	71,747		64,059		308,887
iShares International Treasury Bond (Varoom)	479		1,481		18,833
iShares International Treasury Bond (Varoom GLWB 1)	14,151		28,990		148,275
iShares International Treasury Bond (Varoom GLWB 3)	20,226		7,402		40,355
iShares International Treasury Bond (Varoom GLWB 4)	296,636		290,628		2,810,552
iShares International Treasury Bond (Varoom GLWB 5)	356		219		3,077
Vanguard Dividend Appreciation Index Fund ETF (Varoom)	173		538		5,511
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 2)	10,506		19,351		210,224
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 3)	43,212		24,246		225,716
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 5)	62,070		111,288		822,289
Vanguard Emerging Markets Index Fund ETF (Varoom)	503		343		25,516
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 2)	9,632		13,838		77,850
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 3)	2,356		8,013		73,008
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 5)	51,319		36,861		252,351
Vanguard Developed Markets Index FundETF (Varoom)	1,488		1,631		25,941
* - 2016 inception date of subaccount.

79

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

2. Investments

Subaccount	Purchases		Sales		Cost
ETF Shares (continued):
Vanguard Developed Markets Index FundETF (Varoom GLWB 1)	$	16,893	$	21,247	$	133,890
Vanguard Developed Markets Index FundETF (Varoom GLWB 2)	391		193		3,541
Vanguard Developed Markets Index FundETF (Varoom GLWB 3)	21,535		7,877		49,822
Vanguard Developed Markets Index FundETF (Varoom GLWB 4)	348,735		200,721		2,845,681
Vanguard Developed Markets Index FundETF (Varoom GLWB 5)	35,890		10,749		176,016
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom)	571		1,081		17,386
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 2)	1,362		1,467		29,877
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 3)	31,942		9,385		60,539
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 5)	896		382		11,289
Vanguard Large-Cap Index ETF (Varoom)	183		585		5,470
Vanguard Large-Cap Index ETF (Varoom GLWB 2)	8,105		7,441		92,481
Vanguard Large-Cap Index ETF (Varoom GLWB 3)	1,031		1,880		45,150
Vanguard Large-Cap Index ETF (Varoom GLWB 5)	85,472		40,535		419,685
Vanguard Mega Cap Index ETF (Varoom)	640		1,713		16,831
Vanguard Mega Cap Index ETF (Varoom GLWB 2)	622		1,114		8,505
Vanguard Mega Cap Index ETF (Varoom GLWB 5)	5,245		12,932		69,342
Vanguard REIT Index ETF (Varoom GLWB 2)	7,211		5,057		42,700
Vanguard REIT Index ETF (Varoom GLWB 3)	15,217		2,892		49,678
Vanguard REIT Index ETF (Varoom GLWB 5)	73,854		30,862		256,473
Vanguard Total Bond Market Index ETF (Varoom)	3,675		7,400		65,763
Vanguard Total Bond Market Index ETF (Varoom GLWB 1)	98,419		170,176		1,009,903
Vanguard Total Bond Market Index ETF (Varoom GLWB 2)	39,832		38,850		412,421
Vanguard Total Bond Market Index ETF (Varoom GLWB 3)	187,457		72,642		467,002
Vanguard Total Bond Market Index ETF (Varoom GLWB 4)	2,086,532		1,543,536		18,899,062
Vanguard Total Bond Market Index ETF (Varoom GLWB 5)	217,012		105,452		1,430,471
Vanguard VI Money Market (Varoom GLWB 3)	109		23,925		—
Vanguard VI Money Market (Varoom GLWB 5)	309		5,245		—
Vanguard Short Term Bond ETF (Varoom GLWB 3)	16,078		11,980		67,612
Vanguard Short Term Bond ETF (Varoom GLWB 5)	2,322		884		30,140
* - 2016 inception date of subaccount.

80

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

3. Expenses and Related Party Transactions

The Company assumes mortality and expense risks and incurs certain administrative expenses related to the operations of the Separate Account. All charges listed below are under “Mortality and Expense %” are the annual rates deducted as daily charge, thus affecting the unit values. All other charges, including the annual administration fee, some optional benefit fees (those not listed under “Mortality and Expense %”), withdrawal charges and transfer charges, if any, are taken from the contract’s account value by redeeming units. Fourteen contracts are currently included in the Separate Account. The products are stated in the table below, along with the mortality and expense charges and the annual administration fee:

	Contracts	Mortality and	Annual Administration
		Expense %	Fee
1	GrandMaster	1.35		$30
2	GrandMaster flex3	1.55		$50
3	IQ	1.35		$30
4	IQ3	1.45		$30
5	IQ Advisor - Standard	0.60	N/A
	IQ Advisor - Enhanced	0.80	N/A
6	AnnuiChoice	1.00		$30
7	AnnuiChoice II	1.15		$30
	AnnuiChoice II - GMAB Rider	1.75		$30
8	Pinnacle Plus	1.67		$40
	Pinnacle Plus- Reduced M&E	1.15		$40
9	Pinnacle	1.35		$30
	Pinnacle-Reduced M&E	1.10		$30
10	Pinnacle IV	1.45		$30
	Pinnacle IV - GMAB	2.05		$30
11	Pinnacle V	1.55		$30
	Pinnacle V - GMAB	2.15		$30
12	AdvantEdge	1.60		$50
13	Varoom	1.75	N/A
	Varoom - Standard option	2.35	N/A
	Varoom - Self Styled Option	2.55	N/A
14	Varoom II	1.90	N/A
	Varoom II - Standard Option	2.55	N/A
	Varoom II - Self Styled Option	2.75	N/A

For optional benefits that are not included in the daily mortality and expense charge, the Company deducts an amount either quarterly or annually, depending on the benefit, to cover the cost of the additional benefits elected.

81

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

3. Expenses and Related Party Transactions (continued)

For charges that are dependent on contract owner actions, e.g., withdrawal charges and transfer fees, the Company deducts an amount at the time of the transaction to cover the cost. In both situations (ongoing benefit charges and transaction charges), the fees are deducted from the account value by redeeming units.

Touchstone Advisors Inc., which is affiliated with the Company, advises each of the Touchstone Variable Series Trust offered through the Company’s variable products.

82

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights

A summary of net assets, unit values and units outstanding for variable annuity contracts, investment income and expense ratios, excluding expenses of the underlying funds and total returns are presented for each of the five years in the period ended December 31, 2016.

Investment income ratio amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Underlying Fund net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense risk and administrative charges, that result in direct reductions in the unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Underlying Fund in which the subaccounts invest.

Expense ratio amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense risk and administrative charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying fund are excluded.

Total return amounts represent the total return for the periods indicated, including changes in the fair value of the Underlying Fund, which includes expenses assessed through the reduction of unit values. The ratio does not include any expenses assessed through the redemption of units. Subaccounts with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for the period indicated or from the effective date through the end of the reporting period.

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Affiliated:
Touchstone Aggressive ETF (AdvantEdge )
	2016	29	$	14.40	$	416	1.74	%	1.60	%	6.23	%
	2015	26	13.56		347		1.57	%	1.60	%	(1.70	)%
	2014	29	13.79		404		—	%	1.60	%	5.77	%
	2013	39	13.04		512		2.89	%	1.60	%	20.95	%
	2012	27	10.78		287		1.97	%	1.60	%	10.78	%
Touchstone Aggressive ETF (AnnuiChoice ®)
	2016	23	17.80		409		1.55	%	1.00	%	6.88	%
	2015	24	16.66		392		1.66	%	1.00	%	(1.10	)%
	2014	24	16.84		407		—	%	1.00	%	6.42	%
	2013	41	15.83		649		2.56	%	1.00	%	21.69	%
	2012	17	13.01		217		1.34	%	1.00	%	11.46	%
Touchstone Aggressive ETF (AnnuiChoice II )
	2016	21	21.16		452		1.56	%	1.15	%	6.72	%
	2015	28	19.83		560		1.60	%	1.15	%	(1.25	)%
	2014	30	20.08		601		—	%	1.15	%	6.26	%
	2013	40	18.90		759		3.02	%	1.15	%	21.50	%
	2012	27	15.55		422		1.42	%	1.15	%	11.29	%
Touchstone Aggressive ETF (GrandMaster flex3 )
	2016	66	16.64		1,099		1.52	%	1.55	%	6.28	%
	2015	71	15.66		1,105		1.51	%	1.55	%	(1.65	)%
	2014	86	15.92		1,362		—	%	1.55	%	5.83	%
	2013	95	15.04		1,423		2.45	%	1.55	%	21.01	%
	2012	35	12.43		437		1.76	%	1.55	%	10.84	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

83

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Affiliated (continued):
Touchstone Aggressive ETF (Grandmaster )
	2016	16	$	17.06	$	271	1.52	%	1.35	%	6.50	%
	2015	18	16.02		285		1.66	%	1.35	%	(1.45	)%
	2014	18	16.25		296		—	%	1.35	%	6.04	%
	2013	19	15.33		292		1.06	%	1.35	%	21.26	%
	2012	16	12.64		203		1.36	%	1.35	%	11.06	%
Touchstone Aggressive ETF (IQ Annuity )
	2016	42	16.85		704		1.37	%	1.45	%	6.39	%
	2015	53	15.84		836		1.49	%	1.45	%	(1.55	)%
	2014	61	16.09		981		—	%	1.45	%	5.93	%
	2013	66	15.18		1,007		2.61	%	1.45	%	21.14	%
	2012	37	12.53		465		1.82	%	1.45	%	10.95	%
Touchstone Aggressive ETF (Pinnacle )
	2016	41	17.06		693		1.53	%	1.35	%	6.50	%
	2015	43	16.02		681		1.55	%	1.35	%	(1.45	)%
	2014	49	16.25		791		—	%	1.35	%	6.04	%
	2013	55	15.33		843		1.99	%	1.35	%	21.26	%
	2012	8	12.64		106		1.38	%	1.35	%	11.06	%
Touchstone Aggressive ETF (Pinnacle IV )
	2016	51	16.85		867		1.63	%	1.45	%	6.39	%
	2015	59	15.84		930		1.53	%	1.45	%	(1.55	)%
	2014	78	16.09		1,259		—	%	1.45	%	5.93	%
	2013	128	15.18		1,946		2.66	%	1.45	%	21.14	%
	2012	93	12.54		1,166		1.67	%	1.45	%	10.95	%
Touchstone Aggressive ETF (Pinnacle Plus Reduced M&E )
	2016	9	15.59		143		1.87	%	1.15	%	6.72	%
	2015	6	14.61		87		2.37	%	1.15	%	(1.25	)%
	2014	2	14.79		37		—	%	1.15	%	6.26	%
	2013	1	13.92		9		1.77	%	1.15	%	21.50	%
Touchstone Aggressive ETF (Pinnacle Plus )
	2016	10	16.40		161		1.16	%	1.67	%	6.16	%
	2015	17	15.45		258		1.39	%	1.67	%	(1.77	)%
	2014	22	15.73		353		—	%	1.67	%	5.70	%
	2013	23	14.88		344		2.56	%	1.67	%	20.87	%
	2012	14	12.31		168		1.95	%	1.67	%	10.70	%
Touchstone Aggressive ETF (Pinnacle V )
	2016	43	20.51		878		1.52	%	1.55	%	6.28	%
	2015	45	19.30		860		1.66	%	1.55	%	(1.65	)%
	2014	44	19.62		869		—	%	1.55	%	5.83	%
	2013	57	18.54		1,065		2.90	%	1.55	%	21.01	%
	2012	33	15.32		505		1.71	%	1.55	%	10.84	%
Touchstone Conservative ETF (AdvantEdge )
	2016	9	12.93		120		1.53	%	1.60	%	3.89	%
	2015	9	12.45		117		1.00	%	1.60	%	(1.83	)%
	2014	18	12.68		223		1.02	%	1.60	%	3.54	%
	2013	29	12.25		355		6.82	%	1.60	%	6.76	%
	2012	8	11.47		97		3.42	%	1.60	%	5.02	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

84

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Affiliated (continued):
Touchstone Conservative ETF (AnnuiChoice II )
	2016	23	$	15.04	$	343	1.49	%	1.15	%	4.37	%
	2015	24	14.41		347		1.46	%	1.15	%	(1.39	)%
	2014	27	14.61		390		1.15	%	1.15	%	4.02	%
	2013	29	14.05		409		4.44	%	1.15	%	7.25	%
	2012	30	13.10		393		2.76	%	1.15	%	5.50	%
Touchstone Conservative ETF (AnnuiChoice )
	2016	1	15.56		11		1.53	%	1.00	%	4.53	%
	2015	1	14.89		11		1.49	%	1.00	%	(1.24	)%
	2014	1	15.07		12		1.22	%	1.00	%	4.17	%
	2013	1	14.47		10		3.67	%	1.00	%	7.41	%
	2012	1	13.47		13		2.21	%	1.00	%	5.66	%
Touchstone Conservative ETF (GrandMaster flex3 )
	2016	42	14.55		608		1.40	%	1.55	%	3.95	%
	2015	53	13.99		738		1.58	%	1.55	%	(1.78	)%
	2014	50	14.25		711		1.02	%	1.55	%	3.60	%
	2013	58	13.75		794		4.39	%	1.55	%	6.82	%
	2012	60	12.88		776		3.24	%	1.55	%	5.08	%
Touchstone Conservative ETF (Grandmaster )
	2016	12	14.91		176		1.47	%	1.35	%	4.16	%
	2015	13	14.31		184		1.49	%	1.35	%	(1.59	)%
	2014	13	14.54		196		1.15	%	1.35	%	3.81	%
	2013	14	14.01		197		3.87	%	1.35	%	7.04	%
	2012	19	13.09		244		3.57	%	1.35	%	5.29	%
Touchstone Conservative ETF (IQ Annuity )
	2016	96	14.73		1,417		1.58	%	1.45	%	4.05	%
	2015	89	14.15		1,266		1.57	%	1.45	%	(1.68	)%
	2014	86	14.39		1,238		1.13	%	1.45	%	3.70	%
	2013	109	13.88		1,516		3.96	%	1.45	%	6.93	%
	2012	144	12.98		1,869		3.28	%	1.45	%	5.18	%
Touchstone Conservative ETF (Pinnacle )
	2016	29	14.91		439		1.52	%	1.35	%	4.16	%
	2015	30	14.31		425		1.50	%	1.35	%	(1.59	)%
	2014	30	14.54		439		1.10	%	1.35	%	3.81	%
	2013	33	14.01		466		4.20	%	1.35	%	7.04	%
	2012	38	13.09		497		3.69	%	1.35	%	5.29	%
Touchstone Conservative ETF (Pinnacle IV )
	2016	80	14.73		1,178		1.51	%	1.45	%	4.05	%
	2015	85	14.15		1,201		1.22	%	1.45	%	(1.68	)%
	2014	128	14.40		1,836		1.01	%	1.45	%	3.70	%
	2013	199	13.88		2,761		4.24	%	1.45	%	6.93	%
	2012	224	12.98		2,911		3.21	%	1.45	%	5.18	%
Touchstone Conservative ETF (Pinnacle Plus Reduced M&E )
	2016	20	12.51		245		1.37	%	1.15	%	4.37	%
	2015	26	11.99		312		2.06	%	1.15	%	(1.39	)%
	2014	6	12.15		77		0.56	%	1.15	%	4.02	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

85

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Affiliated (continued):
Touchstone Conservative ETF (Pinnacle Plus )
	2016	43	$	14.33	$	614	1.38	%	1.67	%	3.82	%
	2015	54	13.81		740		1.45	%	1.67	%	(1.90	)%
	2014	44	14.07		625		0.76	%	1.67	%	3.47	%
	2013	131	13.60		1,780		4.16	%	1.67	%	6.69	%
	2012	152	12.75		1,937		3.36	%	1.67	%	4.95	%
Touchstone Conservative ETF Fund (Pinnacle V )
	2016	161	14.58		2,344		1.30	%	1.55	%	3.95	%
	2015	223	14.03		3,129		1.34	%	1.55	%	(1.78	)%
	2014	278	14.28		3,975		1.18	%	1.55	%	3.60	%
	2013	270	13.79		3,723		4.40	%	1.55	%	6.82	%
	2012	285	12.91		3,681		3.55	%	1.55	%	5.08	%
Touchstone Active Bond (AdvantEdge )
	2016	18	12.60		226		2.10	%	1.60	%	4.29	%
	2015	18	12.08		220		2.26	%	1.60	%	(2.86	)%
	2014	17	12.44		216		2.68	%	1.60	%	2.16	%
	2013	16	12.17		198		3.51	%	1.60	%	(3.75	)%
	2012	17	12.65		210		6.43	%	1.60	%	3.59	%
Touchstone Active Bond (AnnuiChoice II )
	2016	6	13.84		87		2.11	%	1.15	%	4.76	%
	2015	7	13.21		92		2.52	%	1.15	%	(2.41	)%
	2014	7	13.54		90		2.82	%	1.15	%	2.62	%
	2013	6	13.19		80		3.55	%	1.15	%	(3.31	)%
	2012	6	13.64		84		4.89	%	1.15	%	4.07	%
Touchstone Active Bond (AnnuiChoice )
	2016	13	16.22		216		2.05	%	1.00	%	4.92	%
	2015	14	15.46		218		2.15	%	1.00	%	(2.26	)%
	2014	15	15.82		234		2.50	%	1.00	%	2.78	%
	2013	16	15.39		240		3.41	%	1.00	%	(3.16	)%
	2012	17	15.89		273		3.76	%	1.00	%	4.22	%
Touchstone Active Bond (GrandMaster flex3 )
	2016	9	14.49		131		1.67	%	1.55	%	4.34	%
	2015	12	13.88		173		6.50	%	1.55	%	(2.81	)%
	2014	4	14.29		50		2.09	%	1.55	%	2.21	%
	2013	6	13.98		77		2.08	%	1.55	%	(3.70	)%
	2012	13	14.51		192		4.56	%	1.55	%	3.64	%
Touchstone Active Bond (Grandmaster )
	2016	2	14.13		31		2.06	%	1.35	%	4.55	%
	2015	2	13.51		31		0.59	%	1.35	%	(2.61	)%
	2014	11	13.88		152		2.47	%	1.35	%	2.42	%
	2013	12	13.55		161		2.06	%	1.35	%	(3.50	)%
	2012	29	14.04		406		3.93	%	1.35	%	3.85	%
Touchstone Active Bond (IQ Annuity )
	2016	8	15.12		124		2.10	%	1.45	%	4.45	%
	2015	8	14.47		121		3.66	%	1.45	%	(2.71	)%
	2014	5	14.88		73		2.17	%	1.45	%	2.31	%
	2013	6	14.54		92		2.76	%	1.45	%	(3.60	)%
	2012	10	15.08		150		5.87	%	1.45	%	3.75	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

86

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Affiliated (continued):
Touchstone Active Bond (Pinnacle )
	2016	17	$	14.98	$	250	1.57	%	1.35	%	4.55	%
	2015	25	14.33		354		5.87	%	1.35	%	(2.61	)%
	2014	8	14.72		124		2.11	%	1.35	%	2.42	%
	2013	11	14.37		159		3.58	%	1.35	%	(3.50	)%
	2012	11	14.89		164		4.04	%	1.35	%	3.85	%
Touchstone Active Bond (Pinnacle IV )
	2016	61	14.76		907		1.84	%	1.45	%	4.45	%
	2015	82	14.14		1,164		3.83	%	1.45	%	(2.71	)%
	2014	46	14.53		663		2.35	%	1.45	%	2.31	%
	2013	67	14.20		952		2.90	%	1.45	%	(3.60	)%
	2012	97	14.73		1,433		5.06	%	1.45	%	3.75	%
Touchstone Active Bond (Pinnacle Plus Reduced M&E )
	2016	16	11.14		177		1.97	%	1.15	%	4.76	%
	2015	17	10.63		181		7.82	%	1.15	%	(2.41	)%
	2014	3	10.90		27		1.03	%	1.15	%	2.62	%
	2013	7	10.62		72		6.42	%	1.15	%	(3.31	)%
Touchstone Active Bond (Pinnacle Plus )
	2016	14	13.40		191		1.96	%	1.67	%	4.21	%
	2015	18	12.86		232		5.85	%	1.67	%	(2.92	)%
	2014	7	13.24		96		2.11	%	1.67	%	2.09	%
	2013	12	12.97		154		2.01	%	1.67	%	(3.81	)%
	2012	32	13.49		434		5.24	%	1.67	%	3.52	%
Touchstone Active Bond (PinnacleV )
	2016	115	13.00		1,496		2.09	%	1.55	%	4.34	%
	2015	113	12.46		1,402		2.64	%	1.55	%	(2.81	)%
	2014	85	12.82		1,089		2.91	%	1.55	%	2.21	%
	2013	67	12.54		842		3.01	%	1.55	%	(3.70	)%
	2012	91	13.02		1,191		6.04	%	1.55	%	3.64	%
Touchstone GMAB Aggressive ETF (AnnuiChoice II )
	2016	8	20.19		166		1.53	%	1.75	%	6.07	%
	2015	9	19.04		164		1.54	%	1.75	%	(1.85	)%
	2014	12	19.40		239		—	%	1.75	%	5.61	%
	2013	13	18.37		231		2.92	%	1.75	%	20.77	%
	2012	15	15.21		229		1.85	%	1.75	%	10.61	%
Touchstone GMAB Aggressive ETF (Pinnacle IV )
	2016	14	19.73		285		1.20	%	2.05	%	5.75	%
	2015	20	18.65		366		1.64	%	2.05	%	(2.15	)%
	2014	20	19.06		386		—	%	2.05	%	5.29	%
	2013	23	18.11		424		2.58	%	2.05	%	20.40	%
	2012	35	15.04		529		1.86	%	2.05	%	10.27	%
Touchstone GMAB Aggressive ETF (Pinnacle V )
	2016	10	19.57		186		1.54	%	2.15	%	5.64	%
	2015	11	18.53		202		1.28	%	2.15	%	(2.25	)%
	2014	19	18.95		362		—	%	2.15	%	5.18	%
	2013	23	18.02		410		2.48	%	2.15	%	20.28	%
	2012	37	14.98		550		1.91	%	2.15	%	10.16	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

87

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Affiliated (continued):
Touchstone GMAB Conservative ETF (Pinnacle IV )
	2016	6	$	14.02	$	80	1.50	%	2.05	%	3.42	%
	2015	7	13.56		97		1.12	%	2.05	%	(2.28	)%
	2014	10	13.87		142		1.18	%	2.05	%	3.07	%
	2013	10	13.46		138		4.47	%	2.05	%	6.28	%
	2012	10	12.67		130		3.34	%	2.05	%	4.54	%
Touchstone GMAB Conservative ETF (Pinnacle V )
	2016	11	13.91		153		1.16	%	2.15	%	3.31	%
	2015	21	13.46		280		1.25	%	2.15	%	(2.38	)%
	2014	32	13.79		437		1.19	%	2.15	%	2.97	%
	2013	32	13.40		425		4.41	%	2.15	%	6.17	%
	2012	33	12.62		411		3.27	%	2.15	%	4.43	%
Touchstone GMAB Moderate ETF (Pinnacle IV )
	2016	37	17.09		638		1.58	%	2.05	%	4.66	%
	2015	55	16.32		899		1.78	%	2.05	%	(2.23	)%
	2014	79	16.70		1,321		0.98	%	2.05	%	4.77	%
	2013	180	15.94		2,864		1.85	%	2.05	%	13.94	%
	2012	200	13.99		2,792		1.98	%	2.05	%	7.68	%
Touchstone GMAB Moderate ETF(Pinnacle V )
	2016	15	16.95		257		0.73	%	2.15	%	4.56	%
	2015	55	16.21		899		1.53	%	2.15	%	(2.33	)%
	2014	99	16.60		1,635		1.63	%	2.15	%	4.66	%
	2013	106	15.86		1,689		1.64	%	2.15	%	13.82	%
	2012	149	13.93		2,073		2.02	%	2.15	%	7.57	%
Touchstone Large Cap Core Equity (AdvantEdge )
	2016	9	15.50		145		0.84	%	1.60	%	7.10	%
	2015	10	14.47		146		1.53	%	1.60	%	(5.55	)%
	2014	11	15.32		168		1.04	%	1.60	%	13.09	%
	2013	11	13.55		148		1.78	%	1.60	%	29.42	%
	2012	7	10.47		78		1.86	%	1.60	%	10.27	%
Touchstone Large Cap Core Equity (AnnuiChoice II )
	2016	16	16.92		267		0.90	%	1.15	%	7.59	%
	2015	14	15.73		223		1.88	%	1.15	%	(5.12	)%
	2014	10	16.57		172		1.18	%	1.15	%	13.61	%
	2013	9	14.59		127		1.81	%	1.15	%	30.01	%
	2012	6	11.22		63		1.82	%	1.15	%	10.78	%
Touchstone Large Cap Core Equity (AnnuiChoice )
	2016	1	19.44		28		0.82	%	1.00	%	7.75	%
	2015	2	18.04		30		1.49	%	1.00	%	(4.97	)%
	2014	2	18.99		36		0.93	%	1.00	%	13.78	%
	2013	2	16.69		40		1.33	%	1.00	%	30.21	%
	2012	3	12.82		41		1.36	%	1.00	%	10.95	%
Touchstone Large Cap Core Equity (GrandMaster flex3 )
	2016	2	19.66		39		0.87	%	1.55	%	7.15	%
	2015	2	18.34		37		1.58	%	1.55	%	(5.50	)%
	2014	2	19.41		40		0.67	%	1.55	%	13.15	%
	2013	3	17.16		56		1.29	%	1.55	%	29.48	%
	2012	5	13.25		61		1.56	%	1.55	%	10.33	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

88

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Affiliated (continued):
Touchstone Large Cap Core Equity (Grandmaster )
	2016	4	$	19.12	$	72	0.85	%	1.35	%	7.37	%
	2015	4	17.81		74		1.70	%	1.35	%	(5.31	)%
	2014	4	18.81		72		1.09	%	1.35	%	13.38	%
	2013	3	16.59		43		0.52	%	1.35	%	29.75	%
	2012	14	12.78		183		0.83	%	1.35	%	10.55	%
Touchstone Large Cap Core Equity (IQ Annuity )
	2016	21	18.76		395		0.81	%	1.45	%	7.26	%
	2015	23	17.49		404		1.54	%	1.45	%	(5.40	)%
	2014	24	18.49		443		1.04	%	1.45	%	13.26	%
	2013	24	16.32		394		1.52	%	1.45	%	29.61	%
	2012	24	12.59		308		1.48	%	1.45	%	10.44	%
Touchstone Large Cap Core Equity (Pinnacle )
	2016	64	19.93		1,284		0.83	%	1.35	%	7.37	%
	2015	71	18.56		1,319		1.51	%	1.35	%	(5.31	)%
	2014	82	19.60		1,601		0.96	%	1.35	%	13.38	%
	2013	101	17.29		1,744		1.47	%	1.35	%	29.75	%
	2012	111	13.32		1,474		1.55	%	1.35	%	10.55	%
Touchstone Large Cap Core Equity (Pinnacle IV )
	2016	18	19.63		351		0.67	%	1.45	%	7.26	%
	2015	27	18.30		494		1.39	%	1.45	%	(5.40	)%
	2014	36	19.35		705		0.97	%	1.45	%	13.26	%
	2013	42	17.08		717		1.13	%	1.45	%	29.61	%
	2012	74	13.18		975		1.48	%	1.45	%	10.44	%
Touchstone Large Cap Core Equity (Pinnacle II Reduced M&E )
	2016	3	20.17		55		0.88	%	1.10	%	7.64	%
	2015	3	18.74		51		1.59	%	1.10	%	(5.07	)%
	2014	3	19.74		54		1.04	%	1.10	%	13.66	%
	2013	3	17.37		47		1.50	%	1.10	%	30.07	%
	2012	3	13.35		38		3.19	%	1.10	%	2.38	%
Touchstone Large Cap Core Equity (Pinnacle Plus Reduced M&E )
	2016	8	17.85		142		0.85	%	1.15	%	7.59	%
	2015	8	16.59		133		1.59	%	1.15	%	(5.12	)%
	2014	8	17.48		146		0.92	%	1.15	%	13.61	%
	2013	5	15.39		75		2.70	%	1.15	%	30.01	%
Touchstone Large Cap Core Equity (Pinnacle Plus )
	2016	4	20.00		87		0.73	%	1.67	%	7.02	%
	2015	6	18.69		120		1.36	%	1.67	%	(5.61	)%
	2014	9	19.80		169		0.81	%	1.67	%	13.01	%
	2013	17	17.52		297		1.30	%	1.67	%	29.33	%
	2012	24	13.55		320		1.59	%	1.67	%	10.19	%
Touchstone Large Cap Core Equity (PinnacleV )
	2016	58	13.54		786		0.82	%	1.55	%	7.15	%
	2015	58	12.63		727		1.73	%	1.55	%	(5.50	)%
	2014	47	13.37		628		1.01	%	1.55	%	13.15	%
	2013	51	11.81		605		1.61	%	1.55	%	29.48	%
	2012	45	9.12		412		1.26	%	1.55	%	10.33	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

89

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Affiliated (continued):
Touchstone Focused (AdvantEdge )
	2016	28	$	17.86	$	492	—	%	1.60	%	11.30	%
	2015	38	16.05		612		—	%	1.60	%	0.34	%
	2014	4	16.00		56		—	%	1.60	%	11.29	%
	2013	4	14.37		58		1.92	%	1.60	%	32.66	%
	2012	4	10.83		43		—	%	1.60	%	18.01	%
Touchstone Focused (AnnuiChoice II )
	2016	83	21.03		1,747		—	%	1.15	%	11.81	%
	2015	64	18.81		1,197		—	%	1.15	%	0.80	%
	2014	7	18.66		133		—	%	1.15	%	11.80	%
	2013	10	16.69		163		1.90	%	1.15	%	33.26	%
	2012	10	12.53		124		—	%	1.15	%	18.55	%
Touchstone Focused (AnnuiChoice )
	2016	14	33.83		483		—	%	1.00	%	11.98	%
	2015	16	30.21		493		—	%	1.00	%	0.95	%
	2014	5	29.92		149		—	%	1.00	%	11.97	%
	2013	5	26.72		141		1.92	%	1.00	%	33.47	%
	2012	5	20.02		104		—	%	1.00	%	18.73	%
Touchstone Focused (GrandMaster flex3 )
	2016	35	31.51		1,095		—	%	1.55	%	11.36	%
	2015	38	28.30		1,065		—	%	1.55	%	0.39	%
	2014	7	28.19		200		—	%	1.55	%	11.35	%
	2013	9	25.31		229		1.70	%	1.55	%	32.73	%
	2012	12	19.07		226		—	%	1.55	%	18.07	%
Touchstone Focused (Grandmaster )
	2016	25	26.67		659		—	%	1.35	%	11.59	%
	2015	69	23.90		1,641		—	%	1.35	%	0.60	%
	2014	7	23.76		163		—	%	1.35	%	11.57	%
	2013	20	21.29		434		2.69	%	1.35	%	32.99	%
	2012	7	16.01		104		—	%	1.35	%	18.31	%
Touchstone Focused (IQ Annuity )
	2016	81	33.80		2,745		—	%	1.45	%	11.47	%
	2015	85	30.32		2,590		—	%	1.45	%	0.49	%
	2014	12	30.18		365		—	%	1.45	%	11.46	%
	2013	13	27.07		338		1.91	%	1.45	%	32.86	%
	2012	12	20.38		253		—	%	1.45	%	18.19	%
Touchstone Focused (Pinnacle )
	2016	136	30.59		4,176		—	%	1.35	%	11.59	%
	2015	152	27.42		4,177		—	%	1.35	%	0.60	%
	2014	12	27.25		332		—	%	1.35	%	11.57	%
	2013	17	24.43		425		1.95	%	1.35	%	32.99	%
	2012	17	18.37		303		—	%	1.35	%	18.31	%
Touchstone Focused (Pinnacle IV )
	2016	98	30.14		2,951		—	%	1.45	%	11.47	%
	2015	165	27.04		4,471		—	%	1.45	%	0.49	%
	2014	36	26.91		969		—	%	1.45	%	11.46	%
	2013	45	24.14		1,083		1.77	%	1.45	%	32.86	%
	2012	53	18.17		962		—	%	1.45	%	18.19	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

90

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Affiliated (continued):
Touchstone Focused (Pinnacle II Reduced M&E )
	2016	2	$	30.97	$	65	—	%	1.10	%	11.87	%
	2015	3	27.69		82		—	%	1.10	%	0.85	%
Touchstone Focused (Pinnacle Plus Reduced M&E )
	2016	37	18.90		699		—	%	1.15	%	11.81	%
	2015	47	16.91		802		—	%	1.15	%	0.80	%
	2014	23	16.77		387		—	%	1.15	%	11.80	%
	2013	8	15.00		117		1.66	%	1.15	%	33.26	%
	2012	3	11.26		37		—	%	1.15	%	18.55	%
Touchstone Focused (Pinnacle Plus )
	2016	13	30.43		405		—	%	1.67	%	11.22	%
	2015	167	27.36		4,578		—	%	1.67	%	0.27	%
	2014	11	27.28		293		—	%	1.67	%	11.21	%
	2013	87	24.53		2,128		1.89	%	1.67	%	32.56	%
	2012	96	18.51		1,774		—	%	1.67	%	17.92	%
Touchstone Focused (PinnacleV )
	2016	183	16.86		3,086		—	%	1.55	%	11.36	%
	2015	197	15.14		2,981		—	%	1.55	%	0.39	%
	2014	12	15.08		185		—	%	1.55	%	11.35	%
	2013	21	13.55		282		2.07	%	1.55	%	32.73	%
	2012	17	10.21		171		—	%	1.55	%	18.07	%
Touchstone Moderate ETF (AdvantEdge )
	2016	79	13.96		1,108		1.70	%	1.60	%	5.14	%
	2015	80	13.28		1,061		1.89	%	1.60	%	(1.78	)%
	2014	82	13.52		1,109		1.61	%	1.60	%	5.25	%
	2013	86	12.84		1,102		1.94	%	1.60	%	14.46	%
	2012	86	11.22		969		2.20	%	1.60	%	8.18	%
Touchstone Moderate ETF (AnnuiChoice II )
	2016	52	14.27		744		1.50	%	1.15	%	5.62	%
	2015	61	13.51		825		1.84	%	1.15	%	(1.33	)%
	2014	66	13.69		899		1.66	%	1.15	%	5.73	%
	2013	67	12.95		864		1.87	%	1.15	%	14.98	%
	2012	73	11.26		821		1.97	%	1.15	%	8.67	%
Touchstone Moderate ETF (AnnuiChoice )
	2016	14	17.06		231		1.67	%	1.00	%	5.78	%
	2015	14	16.13		229		1.90	%	1.00	%	(1.18	)%
	2014	15	16.32		237		1.50	%	1.00	%	5.89	%
	2013	26	15.42		394		1.72	%	1.00	%	15.16	%
	2012	29	13.39		392		1.72	%	1.00	%	8.84	%
Touchstone Moderate ETF (GrandMaster flex3 )
	2016	41	15.95		661		1.64	%	1.55	%	5.20	%
	2015	45	15.16		680		1.59	%	1.55	%	(1.73	)%
	2014	60	15.43		926		1.53	%	1.55	%	5.30	%
	2013	70	14.65		1,025		1.85	%	1.55	%	14.52	%
	2012	78	12.79		999		1.74	%	1.55	%	8.23	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

91

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Affiliated (continued):
Touchstone Moderate ETF (Grandmaster )
	2016	9	$	16.35	$	148	1.85	%	1.35	%	5.41	%
	2015	9	15.51		136		1.71	%	1.35	%	(1.53	)%
	2014	10	15.75		164		1.70	%	1.35	%	5.51	%
	2013	8	14.93		117		1.63	%	1.35	%	14.75	%
	2012	11	13.01		145		2.05	%	1.35	%	8.45	%
Touchstone Moderate ETF (IQ Annuity )
	2016	80	16.15		1,300		1.69	%	1.45	%	5.30	%
	2015	84	15.33		1,291		1.90	%	1.45	%	(1.63	)%
	2014	85	15.59		1,322		1.61	%	1.45	%	5.41	%
	2013	92	14.79		1,361		1.74	%	1.45	%	14.64	%
	2012	116	12.90		1,493		1.90	%	1.45	%	8.34	%
Touchstone Moderate ETF (Pinnacle )
	2016	25	16.35		407		1.64	%	1.35	%	5.41	%
	2015	29	15.51		443		1.82	%	1.35	%	(1.53	)%
	2014	35	15.75		549		1.58	%	1.35	%	5.51	%
	2013	41	14.93		605		1.83	%	1.35	%	14.75	%
	2012	46	13.01		601		1.92	%	1.35	%	8.45	%
Touchstone Moderate ETF (Pinnacle IV )
	2016	80	16.15		1,293		1.54	%	1.45	%	5.30	%
	2015	108	15.33		1,651		1.73	%	1.45	%	(1.63	)%
	2014	140	15.59		2,188		1.33	%	1.45	%	5.41	%
	2013	223	14.79		3,298		1.64	%	1.45	%	14.64	%
	2012	317	12.90		4,095		1.79	%	1.45	%	8.34	%
Touchstone Moderate ETF (Pinnacle Plus Reduced M&E )
	2016	48	14.23		676		1.73	%	1.15	%	5.62	%
	2015	46	13.47		615		2.29	%	1.15	%	(1.33	)%
	2014	31	13.65		427		2.88	%	1.15	%	5.73	%
	2013	12	12.91		150		3.64	%	1.15	%	14.98	%
Touchstone Moderate ETF (Pinnacle Plus )
	2016	32	15.72		507		1.19	%	1.67	%	5.07	%
	2015	58	14.96		871		1.45	%	1.67	%	(1.85	)%
	2014	100	15.24		1,530		1.49	%	1.67	%	5.17	%
	2013	145	14.49		2,108		1.84	%	1.67	%	14.38	%
	2012	162	12.67		2,058		2.02	%	1.67	%	8.10	%
Touchstone Moderate ETF (Pinnacle V )
	2016	116	13.77		1,600		1.55	%	1.55	%	5.20	%
	2015	141	13.09		1,851		1.90	%	1.55	%	(1.73	)%
	2014	127	13.32		1,688		1.41	%	1.55	%	5.30	%
	2013	160	12.65		2,020		1.99	%	1.55	%	14.52	%
	2012	153	11.05		1,687		1.98	%	1.55	%	8.23	%
Non-Affiliated Initial Class:
Fidelity VIP Balanced (Pinnacle )
	2016	57	15.55		880		1.27	%	1.35	%	5.82	%
	2015	68	14.69		997		1.48	%	1.35	%	(0.77	)%
	2014	74	14.80		1,094		1.41	%	1.35	%	8.77	%
	2013	86	13.61		1,171		5.94	%	1.35	%	18.05	%
	2012	96	11.53		1,106		6.71	%	1.35	%	13.51	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

92

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Initial Class (continued):
Fidelity VIP Balanced (Grandmaster )
	2016	47	$	25.32	$	1,191	1.31	%	1.35	%	5.82	%
	2015	51	23.93		1,230		1.42	%	1.35	%	(0.77	)%
	2014	64	24.11		1,549		1.39	%	1.35	%	8.77	%
	2013	76	22.17		1,675		5.99	%	1.35	%	18.05	%
	2012	89	18.78		1,677		6.70	%	1.35	%	13.51	%
Fidelity VIP Overseas (Pinnacle )
	2016	9	8.89		84		1.44	%	1.35	%	(6.34	)%
	2015	10	9.50		92		1.21	%	1.35	%	2.23	%
	2014	12	9.29		110		1.08	%	1.35	%	(9.32	)%
	2013	17	10.24		170		1.73	%	1.35	%	28.68	%
	2012	17	7.96		139		2.38	%	1.35	%	19.10	%
Fidelity VIP Overseas (Pinnacle IV )
	2016	9	8.81		76		1.18	%	1.45	%	(6.44	)%
	2015	16	9.41		154		1.35	%	1.45	%	2.12	%
	2014	17	9.22		155		1.27	%	1.45	%	(9.41	)%
	2013	21	10.17		212		1.63	%	1.45	%	28.55	%
	2012	25	7.91		202		2.18	%	1.45	%	18.98	%
Fidelity VIP Equity-Income (Grandmaster )
	2016	101	87.12		8,836		2.32	%	1.35	%	16.43	%
	2015	97	74.83		7,228		3.04	%	1.35	%	(5.26	)%
	2014	110	78.99		8,703		2.74	%	1.35	%	7.25	%
	2013	125	73.65		9,216		9.13	%	1.35	%	26.42	%
	2012	138	58.26		8,049		9.45	%	1.35	%	15.72	%
Fidelity VIP Equity-Income (Pinnacle )
	2016	40	24.70		987		2.18	%	1.35	%	16.43	%
	2015	49	21.21		1,039		3.00	%	1.35	%	(5.26	)%
	2014	57	22.39		1,270		2.72	%	1.35	%	7.25	%
	2013	65	20.88		1,357		8.84	%	1.35	%	26.42	%
	2012	77	16.51		1,281		9.26	%	1.35	%	15.72	%
Fidelity VIP Equity-Income (Pinnacle II Reduced M&E )
	2016	1	25.00		16		2.38	%	1.10	%	16.72	%
	2015	1	21.42		14		3.22	%	1.10	%	(5.02	)%
	2014	1	22.55		14		2.91	%	1.10	%	7.52	%
	2013	1	20.97		13		9.51	%	1.10	%	26.74	%
	2012	1	16.55		11		13.67	%	1.10	%	8.72	%
Fidelity VIP Growth (Grandmaster )
	2016	39	104.54		4,048		0.04	%	1.35	%	(0.56	)%
	2015	42	105.13		4,400		0.25	%	1.35	%	5.73	%
	2014	48	99.43		4,820		0.18	%	1.35	%	9.80	%
	2013	58	90.56		5,216		0.35	%	1.35	%	34.50	%
	2012	65	67.33		4,394		0.59	%	1.35	%	13.13	%
Fidelity VIP High Income (Grandmaster )
	2016	72	27.12		1,949		5.35	%	1.35	%	13.06	%
	2015	65	23.99		1,553		6.11	%	1.35	%	(4.93	)%
	2014	75	25.23		1,888		4.18	%	1.35	%	(0.21	)%
	2013	122	25.28		3,081		5.54	%	1.35	%	4.52	%
	2012	139	24.19		3,351		5.51	%	1.35	%	12.68	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

93

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Initial Class (continued):
Fidelity VIP II Asset Manager (Grandmaster )
	2016	63	$	49.50	$	3,137	1.46	%	1.35	%	1.68	%
	2015	69	48.68		3,373		1.56	%	1.35	%	(1.21	)%
	2014	74	49.27		3,623		1.46	%	1.35	%	4.41	%
	2013	82	47.19		3,880		1.76	%	1.35	%	14.15	%
	2012	92	41.35		3,816		2.16	%	1.35	%	10.96	%
Fidelity VIP II Contrafund (Grandmaster )
	2016	126	68.28		8,581		0.78	%	1.35	%	6.55	%
	2015	150	64.09		9,604		1.00	%	1.35	%	(0.69	)%
	2014	168	64.53		10,864		0.93	%	1.35	%	10.43	%
	2013	194	58.43		11,307		1.06	%	1.35	%	29.52	%
	2012	227	45.12		10,243		1.26	%	1.35	%	14.84	%
Fidelity VIP II Contrafund (Pinnacle )
	2016	124	34.69		4,313		0.80	%	1.35	%	6.55	%
	2015	141	32.55		4,592		0.97	%	1.35	%	(0.69	)%
	2014	165	32.78		5,420		0.90	%	1.35	%	10.43	%
	2013	199	29.68		5,898		1.04	%	1.35	%	29.52	%
	2012	238	22.92		5,466		1.32	%	1.35	%	14.84	%
Fidelity VIP II Contrafund (Pinnacle II Reduced M&E )
	2016	1	35.12		40		0.84	%	1.10	%	6.82	%
	2015	1	32.87		37		1.01	%	1.10	%	(0.44	)%
	2014	1	33.02		42		0.98	%	1.10	%	10.71	%
	2013	1	29.82		38		1.12	%	1.10	%	29.84	%
	2012	1	22.97		30		2.65	%	1.10	%	4.99	%
Fidelity VIP II Index 500 (Grandmaster )
	2016	50	56.64		2,829		1.37	%	1.35	%	10.35	%
	2015	62	51.33		3,200		1.90	%	1.35	%	(0.03	)%
	2014	74	51.34		3,785		1.52	%	1.35	%	12.04	%
	2013	87	45.83		3,999		2.86	%	1.35	%	30.46	%
	2012	99	35.13		3,488		3.40	%	1.35	%	14.34	%
Fidelity VIP II Index 500 (IQ3 )
	2016	1	56.64		30		1.50	%	1.45	%	10.35	%
	2015	1	51.33		27		2.02	%	1.45	%	(0.03	)%
	2014	1	51.34		27		1.68	%	1.45	%	12.04	%
	2013	1	45.83		24		2.93	%	1.45	%	30.46	%
	2012	1	35.13		19		4.42	%	1.45	%	5.78	%
Fidelity VIP II Index 500 (Pinnacle )
	2016	98	16.13		1,582		1.34	%	1.35	%	10.35	%
	2015	129	14.61		1,884		1.78	%	1.35	%	(0.03	)%
	2014	166	14.62		2,431		1.58	%	1.35	%	12.04	%
	2013	194	13.05		2,526		2.85	%	1.35	%	30.46	%
	2012	225	10.00		2,257		3.41	%	1.35	%	14.34	%
Fidelity VIP II Index 500 (Pinnacle IV )
	2016	*-	15.97		1		0.12	%	1.45	%	10.24	%
	2015	1	14.49		20		2.01	%	1.45	%	(0.13	)%
	2014	1	14.50		20		1.67	%	1.45	%	11.93	%
	2013	1	12.96		18		2.17	%	1.45	%	30.33	%
	2012	6	9.94		64		3.41	%	1.45	%	14.23	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

94

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Initial Class (continued) :
Fidelity VIP II Index 500 (Pinnacle II Reduced M&E )
	2016	2	$	16.33	$	25	1.51	%	1.10	%	10.63	%
	2015	2	14.76		22		1.94	%	1.10	%	0.22	%
	2014	2	14.72		26		1.67	%	1.10	%	12.32	%
	2013	2	13.11		23		2.92	%	1.10	%	30.79	%
	2012	2	10.02		18		4.42	%	1.10	%	6.02	%
Fidelity VIP II Investment Grade Bond (Pinnacle )
	2016	43	13.35		575		2.19	%	1.35	%	3.33	%
	2015	55	12.92		708		2.40	%	1.35	%	(1.94	)%
	2014	64	13.18		838		2.13	%	1.35	%	4.40	%
	2013	69	12.62		872		3.26	%	1.35	%	(3.10	)%
	2012	84	13.03		1,089		4.72	%	1.35	%	4.46	%
Fidelity VIP II Investment Grade Bond (Pinnacle IV )
	2016	40	13.22		534		2.02	%	1.45	%	3.22	%
	2015	55	12.81		703		1.95	%	1.45	%	(2.04	)%
	2014	100	13.08		1,312		2.12	%	1.45	%	4.29	%
	2013	107	12.54		1,346		3.26	%	1.45	%	(3.20	)%
	2012	130	12.95		1,682		4.91	%	1.45	%	4.36	%
Fidelity VIP II Investment Grade Bond (AnnuiChoice )
	2016	1	13.82		7		2.33	%	1.00	%	3.69	%
	2015	1	13.33		7		1.63	%	1.00	%	(1.59	)%
	2014	2	13.54		33		2.03	%	1.00	%	4.77	%
	2013	3	12.92		36		3.44	%	1.00	%	(2.76	)%
	2012	3	13.29		41		6.38	%	1.00	%	4.83	%
Fidelity VIP II Investment Grade Bond (Grandmaster flex3 )
	2016	1	13.09		18		2.30	%	1.55	%	3.12	%
	2015	1	12.70		19		2.26	%	1.55	%	(2.13	)%
	2014	3	12.97		41		1.90	%	1.55	%	4.19	%
	2013	4	12.45		46		3.25	%	1.55	%	(3.30	)%
	2012	5	12.88		58		4.61	%	1.55	%	4.25	%
Fidelity VIP II Investment Grade Bond (Grandmaster )
	2016	27	35.62		961		2.33	%	1.35	%	3.33	%
	2015	29	34.47		1,001		2.42	%	1.35	%	(1.94	)%
	2014	35	35.15		1,216		2.14	%	1.35	%	4.40	%
	2013	36	33.67		1,217		3.40	%	1.35	%	(3.10	)%
	2012	40	34.75		1,405		4.68	%	1.35	%	4.46	%
Fidelity VIP II Investment Grade Bond (IQ Annuity )
	2016	2	13.22		28		1.91	%	1.45	%	3.22	%
	2015	3	12.81		36		2.45	%	1.45	%	(2.04	)%
	2014	3	13.08		40		1.19	%	1.45	%	4.29	%
	2013	10	12.54		123		3.56	%	1.45	%	(3.20	)%
	2012	10	12.95		130		4.70	%	1.45	%	4.36	%
Fidelity VIP II Investment Grade Bond (Pinnacle Plus Reduced M&E )
	2016	6	11.30		71		2.36	%	1.15	%	3.54	%
	2015	6	10.91		68		2.39	%	1.15	%	(1.74	)%
	2014	8	11.10		94		2.43	%	1.15	%	4.61	%
	2013	4	10.61		41		7.32	%	1.15	%	(2.91	)%
Fidelity VIP Government Money Market IC (Pinacle )
	2016	75	9.80		734		0.20	%	1.35	%	(1.15	)%
	2015	94	9.91		927		0.02	%	1.35	%	(0.91	)%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

95

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Initial Class (continued):
Fidelity VIP Government Money Market IC (Pinacle II )
	2016	2	$	9.84	$	18	0.20	%	1.10	%	(0.90	)%
	2015	2	9.93		18		0.02	%	1.10	%	(0.74	)%
Fidelity VIP Government Money Market IC (Pinacle IV )
	2016	83	9.78		813		0.20	%	1.45	%	(1.25	)%
	2015	121	9.90		1,198		0.02	%	1.45	%	(0.98	)%
Fidelity VIP Government Money Market IC (Pinacle V )
	2016	58	9.76		565		0.20	%	1.55	%	(1.35	)%
	2015	75	9.89		737		0.02	%	1.55	%	(1.05	)%
Fidelity VIP Government Money Market IC (Pinnacle Plus )
	2016	309	9.74		3,013		0.17	%	1.67	%	(1.47	)%
	2015	20	9.89		194		0.02	%	1.67	%	(1.13	)%
Fidelity VIP Government Money Market IC (Pinnacle Plus )
	2016	19	9.83		187		0.20	%	1.67	%	(0.95	)%
	2015	19	9.92		193		0.02	%	1.67	%	(0.77	)%
Fidelity VIP Government Money Market IC (GrandMaster )
	2016	125	9.80		1,220		0.20	%	1.35	%	(1.15	)%
	2015	172	9.91		1,709		0.02	%	1.35	%	(0.91	)%
Fidelity VIP Government Money Market IC (GrandMaster flex3 )
	2016	6	9.76		59		0.15	%	1.55	%	(1.35	)%
	2015	144	9.89		1,424		0.02	%	1.55	%	(1.05	)%
Fidelity VIP Government Money Market IC (AdvantEdge )
	2016	27	9.75		263		0.18	%	1.60	%	(1.40	)%
	2015	117	9.89		1,161		0.02	%	1.60	%	(1.09	)%
Fidelity VIP Government Money Market IC (AnnuiChoice )
	2016	18	9.85		174		0.20	%	1.00	%	(0.80	)%
	2015	21	9.93		204		0.02	%	1.00	%	(0.67	)%
Fidelity VIP Government Money Market IC (AnnuiChoice 2 )
	2016	15	9.83		149		0.20	%	1.15	%	(0.95	)%
	2015	20	9.92		201		0.02	%	1.15	%	(0.77	)%
Fidelity VIP Government Money Market IC (IQ3 )
	2016	83	9.78		812		0.16	%	1.45	%	(1.25	)%
	2015	622	9.90		6,161		0.02	%	1.45	%	(0.98	)%
Fidelity VIP Government Money Market (Varoom GLWB 3)
	2016	3	9.95		28		0.07	%	1.45	%	(0.46	)%
Fidelity VIP Government Money Market (Varoom GLWB 5)
	2016	1	9.93		5		0.08	%	1.45	%	(0.70	)%
Fidelity VIP Overseas (AnnuiChoice )
	2016	*-	9.20		2		1.44	%	1.00	%	(6.01	)%
	2015	*-	9.79		2		1.34	%	1.00	%	2.59	%
	2014	*-	9.54		2		1.39	%	1.00	%	(9.00	)%
	2013	*-	10.49		2		1.75	%	1.00	%	29.13	%
	2012	*-	8.12		1		2.41	%	1.00	%	19.53	%
Fidelity VIP Overseas (Grandmaster flex3 )
	2016	3	8.72		29		1.46	%	1.55	%	(6.53	)%
	2015	3	9.33		31		1.36	%	1.55	%	2.02	%
	2014	3	9.14		31		1.36	%	1.55	%	(9.50	)%
	2013	3	10.10		34		1.44	%	1.55	%	28.42	%
	2012	5	7.87		40		2.36	%	1.55	%	18.86	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

96

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Initial Class (continued):
Fidelity VIP Overseas (Grandmaster )
	2016	29	$	34.91	$	996	1.34	%	1.35	%	(6.34	)%
	2015	36	37.27		1,348		1.28	%	1.35	%	2.23	%
	2014	41	36.46		1,501		1.23	%	1.35	%	(9.32	)%
	2013	50	40.21		2,027		1.70	%	1.35	%	28.68	%
	2012	55	31.25		1,733		2.26	%	1.35	%	19.10	%
Fidelity VIP Overseas (IQ Annuity )
	2016	2	8.81		17		1.47	%	1.45	%	(6.44	)%
	2015	2	9.41		18		1.36	%	1.45	%	2.12	%
	2014	2	9.22		18		1.36	%	1.45	%	(9.41	)%
	2013	2	10.17		20		1.77	%	1.45	%	28.55	%
	2012	2	7.91		15		2.10	%	1.45	%	18.98	%
Fidelity VIP Overseas (Pinnacle Plus Reduced M&E )
	2016	1	11.42		12		0.42	%	1.15	%	(6.15	)%
	2015	5	12.17		62		3.28	%	1.15	%	2.43	%
	2014	*-	11.88		3		1.32	%	1.15	%	(9.13	)%
	2013	*-	13.08		4		3.17	%	1.15	%	28.94	%
Fidelity VIP Overseas (Pinnacle Plus )
	2016	*-	8.62		3		1.25	%	1.67	%	(6.65	)%
	2015	*-	9.23		4		0.15	%	1.67	%	1.90	%
	2014	7	9.06		63		1.35	%	1.67	%	(9.61	)%
	2013	7	10.02		70		1.70	%	1.67	%	28.26	%
	2012	9	7.81		71		2.09	%	1.67	%	18.72	%
Non-Affiliated Service Class:
Fidelity VIP Growth (Pinnacle )
	2016	21	15.27		324		—	%	1.35	%	(0.64	)%
	2015	26	15.37		394		0.15	%	1.35	%	5.61	%
	2014	31	14.56		456		0.09	%	1.35	%	9.69	%
	2013	35	13.27		468		0.25	%	1.35	%	34.37	%
	2012	42	9.88		415		0.45	%	1.35	%	12.99	%
Fidelity VIP III Mid Cap (Grandmaster )
	2016	25	56.52		1,432		0.42	%	1.35	%	10.60	%
	2015	29	51.10		1,501		0.39	%	1.35	%	(2.83	)%
	2014	31	52.59		1,649		0.16	%	1.35	%	4.76	%
	2013	32	50.20		1,628		13.18	%	1.35	%	34.23	%
	2012	36	37.40		1,348		7.88	%	1.35	%	13.19	%
Fidelity VIP III Mid Cap (Pinnacle )
	2016	33	58.03		1,929		0.41	%	1.35	%	10.60	%
	2015	39	52.47		2,051		0.38	%	1.35	%	(2.83	)%
	2014	47	54.00		2,539		0.15	%	1.35	%	4.76	%
	2013	60	51.54		3,107		13.10	%	1.35	%	34.23	%
	2012	68	38.40		2,599		7.81	%	1.35	%	13.19	%
Fidelity VIP III Mid Cap (Pinnacle II Reduced M&E )
	2016	*-	58.75		4		0.42	%	1.10	%	10.88	%
	2015	*-	52.99		4		0.29	%	1.10	%	(2.58	)%
	2014	*-	54.39		8		0.18	%	1.10	%	5.03	%
	2013	*-	51.79		7		13.67	%	1.10	%	34.57	%
	2012	*-	38.48		5		16.73	%	1.10	%	1.30	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

97

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2:
Fidelity VIP Asset Manager (IQ3 )
	2016	6	$	16.22	$	90	1.25	%	1.45	%	1.35	%
	2015	6	16.00		101		0.99	%	1.45	%	(1.51	)%
	2014	11	16.25		183		1.08	%	1.45	%	4.01	%
	2013	17	15.62		263		1.45	%	1.45	%	13.67	%
	2012	21	13.74		293		1.98	%	1.45	%	10.60	%
Fidelity VIP Asset Manager (AdvantEdge )
	2016	8	12.76		99		1.32	%	1.60	%	1.20	%
	2015	8	12.61		97		1.44	%	1.60	%	(1.66	)%
	2014	6	12.82		80		1.25	%	1.60	%	3.85	%
	2013	7	12.34		80		1.60	%	1.60	%	13.50	%
	2012	7	10.88		75		2.17	%	1.60	%	10.43	%
Fidelity VIP Asset Manager (AnnuiChoice II )
	2016	11	15.27		165		1.28	%	1.15	%	1.66	%
	2015	11	15.02		170		1.34	%	1.15	%	(1.21	)%
	2014	12	15.20		180		1.26	%	1.15	%	4.33	%
	2013	12	14.57		179		1.61	%	1.15	%	14.01	%
	2012	13	12.78		160		2.40	%	1.15	%	10.94	%
Fidelity VIP Asset Manager (AnnuiChoice )
	2016	3	17.94		55		1.26	%	1.00	%	1.81	%
	2015	3	17.62		61		1.26	%	1.00	%	(1.06	)%
	2014	4	17.81		73		0.98	%	1.00	%	4.48	%
	2013	6	17.05		98		1.61	%	1.00	%	14.19	%
	2012	6	14.93		87		1.91	%	1.00	%	11.11	%
Fidelity VIP Asset Manager (GrandMaster flex3 )
	2016	1	15.65		13		1.30	%	1.55	%	1.25	%
	2015	1	15.46		13		0.89	%	1.55	%	(1.61	)%
	2014	2	15.71		24		1.49	%	1.55	%	3.90	%
	2013	2	15.12		23		1.65	%	1.55	%	13.55	%
	2012	2	13.32		21		1.67	%	1.55	%	10.49	%
Fidelity VIP Asset Manager (Pinnacle )
	2016	2	16.06		28		1.27	%	1.35	%	1.45	%
	2015	2	15.83		30		1.26	%	1.35	%	(1.41	)%
	2014	3	16.06		44		2.28	%	1.35	%	4.11	%
	2013	*-	15.42		1		1.55	%	1.35	%	13.78	%
	2012	*-	13.55		1		1.98	%	1.35	%	10.71	%
Fidelity VIP Asset Manager (Pinnacle IV )
	2016	10	15.86		155		1.08	%	1.45	%	1.35	%
	2015	15	15.64		231		1.06	%	1.45	%	(1.51	)%
	2014	23	15.88		360		0.97	%	1.45	%	4.01	%
	2013	20	15.27		311		1.79	%	1.45	%	13.67	%
	2012	17	13.44		223		2.05	%	1.45	%	10.60	%
Fidelity VIP Asset Manager (Pinnacle Plus Reduced M&E )
	2016	4	13.09		50		1.30	%	1.15	%	1.66	%
	2015	2	12.87		32		1.08	%	1.15	%	(1.21	)%
	2014	3	13.03		44		1.58	%	1.15	%	4.33	%
	2013	1	12.49		14		3.04	%	1.15	%	14.01	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

98

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Asset Manager (Pinnacle Plus )
	2016	1	$	16.12	$	21	0.99	%	1.67	%	1.12	%
	2015	3	15.94		49		1.01	%	1.67	%	(1.73	)%
	2014	5	16.22		82		1.14	%	1.67	%	3.78	%
	2013	2	15.63		33		0.87	%	1.67	%	13.41	%
	2012	7	13.78		99		2.08	%	1.67	%	10.35	%
Fidelity VIP Asset Manager (Pinnacle V )
	2016	25	13.21		328		1.42	%	1.55	%	1.25	%
	2015	20	13.05		256		1.11	%	1.55	%	(1.61	)%
	2014	28	13.26		376		1.21	%	1.55	%	3.90	%
	2013	17	12.77		216		1.74	%	1.55	%	13.55	%
	2012	14	11.24		163		2.15	%	1.55	%	10.49	%
Fidelity VIP Balanced (AdvantEdge )
	2016	22	15.25		334		0.88	%	1.60	%	5.27	%
	2015	35	14.49		504		1.06	%	1.60	%	(1.24	)%
	2014	49	14.67		724		1.17	%	1.60	%	8.26	%
	2013	61	13.55		821		6.09	%	1.60	%	17.38	%
	2012	33	11.55		380		6.58	%	1.60	%	12.98	%
Fidelity VIP Balanced (AnnuiChoice II )
	2016	84	17.10		1,440		1.44	%	1.15	%	5.75	%
	2015	57	16.17		924		1.76	%	1.15	%	(0.79	)%
	2014	29	16.30		469		1.83	%	1.15	%	8.75	%
	2013	17	14.98		256		5.83	%	1.15	%	17.91	%
	2012	13	12.71		170		6.47	%	1.15	%	13.49	%
Fidelity VIP Balanced (AnnuiChoice )
	2016	14	20.94		289		1.21	%	1.00	%	5.91	%
	2015	14	19.77		276		1.24	%	1.00	%	(0.64	)%
	2014	16	19.90		315		1.34	%	1.00	%	8.92	%
	2013	14	18.27		260		5.79	%	1.00	%	18.09	%
	2012	16	15.47		253		6.71	%	1.00	%	13.67	%
Fidelity VIP Balanced (GrandMaster flex3 )
	2016	4	20.46		85		0.94	%	1.55	%	5.32	%
	2015	6	19.42		113		1.24	%	1.55	%	(1.19	)%
	2014	6	19.66		125		1.05	%	1.55	%	8.31	%
	2013	13	18.15		238		5.62	%	1.55	%	17.44	%
	2012	14	15.45		213		6.74	%	1.55	%	13.03	%
Fidelity VIP Balanced (Grandmaster )
	2016	32	19.04		602		1.25	%	1.35	%	5.54	%
	2015	24	18.05		432		1.14	%	1.35	%	(0.99	)%
	2014	24	18.23		443		1.48	%	1.35	%	8.53	%
	2013	24	16.79		401		5.78	%	1.35	%	17.67	%
	2012	29	14.27		413		6.70	%	1.35	%	13.26	%
Fidelity VIP Balanced (IQ3 )
	2016	12	18.36		218		1.21	%	1.45	%	5.43	%
	2015	11	17.41		184		1.29	%	1.45	%	(1.09	)%
	2014	12	17.61		211		1.18	%	1.45	%	8.42	%
	2013	17	16.24		283		5.80	%	1.45	%	17.55	%
	2012	21	13.81		285		6.67	%	1.45	%	13.15	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

99

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Balanced (Pinnacle )
	2016	16	$	19.04	$	301	1.16	%	1.35	%	5.54	%
	2015	18	18.05		318		1.26	%	1.35	%	(0.99	)%
	2014	21	18.23		387		1.36	%	1.35	%	8.53	%
	2013	19	16.79		327		5.76	%	1.35	%	17.67	%
	2012	23	14.27		330		6.71	%	1.35	%	13.26	%
Fidelity VIP Balanced (Pinnacle IV )
	2016	42	20.74		864		1.26	%	1.45	%	5.43	%
	2015	50	19.68		982		1.13	%	1.45	%	(1.09	)%
	2014	67	19.89		1,341		1.18	%	1.45	%	8.42	%
	2013	72	18.35		1,317		5.72	%	1.45	%	17.55	%
	2012	88	15.61		1,373		6.70	%	1.45	%	13.15	%
Fidelity VIP Balanced (Pinnacle Plus Reduced M&E )
	2016	16	15.46		249		1.14	%	1.15	%	5.75	%
	2015	16	14.62		233		1.74	%	1.15	%	(0.79	)%
	2014	8	14.74		120		1.49	%	1.15	%	8.75	%
Fidelity VIP Balanced (Pinnacle Plus )
	2016	10	18.78		190		1.11	%	1.67	%	5.19	%
	2015	14	17.85		248		0.99	%	1.67	%	(1.31	)%
	2014	24	18.09		439		1.19	%	1.67	%	8.18	%
	2013	29	16.72		488		5.87	%	1.67	%	17.29	%
	2012	32	14.26		461		6.67	%	1.67	%	12.89	%
Fidelity VIP Balanced (Pinnacle V )
	2016	111	14.40		1,606		1.31	%	1.55	%	5.32	%
	2015	100	13.67		1,361		1.52	%	1.55	%	(1.19	)%
	2014	85	13.84		1,169		1.24	%	1.55	%	8.31	%
	2013	75	12.78		960		5.75	%	1.55	%	17.44	%
	2012	95	10.88		1,028		6.70	%	1.55	%	13.03	%
Fidelity VIP Contrafund (AdvantEdge )
	2016	85	15.55		1,324		0.56	%	1.60	%	6.01	%
	2015	107	14.67		1,567		0.76	%	1.60	%	(1.19	)%
	2014	131	14.85		1,948		0.70	%	1.60	%	9.87	%
	2013	156	13.51		2,107		0.88	%	1.60	%	28.86	%
	2012	155	10.49		1,621		1.18	%	1.60	%	14.27	%
Fidelity VIP Contrafund (AnnuiChoice II )
	2016	66	18.16		1,196		0.63	%	1.15	%	6.49	%
	2015	65	17.05		1,108		0.89	%	1.15	%	(0.74	)%
	2014	55	17.18		938		0.81	%	1.15	%	10.37	%
	2013	47	15.57		725		0.88	%	1.15	%	29.45	%
	2012	45	12.02		545		1.06	%	1.15	%	14.80	%
Fidelity VIP Contrafund (AnnuiChoice )
	2016	31	28.29		876		0.63	%	1.00	%	6.65	%
	2015	33	26.52		876		0.79	%	1.00	%	(0.59	)%
	2014	35	26.68		927		0.74	%	1.00	%	10.54	%
	2013	39	24.14		930		0.72	%	1.00	%	29.64	%
	2012	58	18.62		1,087		1.04	%	1.00	%	14.97	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

100

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Contrafund (GrandMaster flex3 )
	2016	30	$	26.03	$	772	0.64	%	1.55	%	6.06	%
	2015	35	$	24.54	$	862	0.73	%	1.55	%	(1.14	)%
	2014	42	24.82		1,039		0.65	%	1.55	%	9.93	%
	2013	52	22.58		1,174		0.94	%	1.55	%	28.93	%
	2012	45	17.51		792		0.95	%	1.55	%	14.33	%
Fidelity VIP Contrafund (IQ Advisor Standard )
	2016	1	25.91		14		0.64	%	0.60	%	7.08	%
	2015	1	24.20		13		0.82	%	0.60	%	(0.19	)%
	2014	1	24.24		13		0.76	%	0.60	%	10.99	%
	2013	1	21.84		12		0.98	%	0.60	%	30.17	%
	2012	*-	16.78		7		1.19	%	0.60	%	15.44	%
Fidelity VIP Contrafund (IQ3 )
	2016	64	23.80		1,526		0.62	%	1.45	%	6.17	%
	2015	68	22.42		1,525		0.72	%	1.45	%	(1.04	)%
	2014	85	22.65		1,920		0.74	%	1.45	%	10.04	%
	2013	86	20.59		1,766		0.87	%	1.45	%	29.06	%
	2012	92	15.95		1,475		1.10	%	1.45	%	14.45	%
Fidelity VIP Contrafund (Pinnacle IV )
	2016	119	27.26		3,246		0.59	%	1.45	%	6.17	%
	2015	153	25.68		3,933		0.75	%	1.45	%	(1.04	)%
	2014	187	25.95		4,853		0.64	%	1.45	%	10.04	%
	2013	275	23.58		6,479		0.76	%	1.45	%	29.06	%
	2012	383	18.27		7,004		1.04	%	1.45	%	14.45	%
Fidelity VIP Contrafund (Pinnacle Plus Reduced M&E )
	2016	42	17.97		760		0.64	%	1.15	%	6.49	%
	2015	43	16.88		720		0.90	%	1.15	%	(0.74	)%
	2014	32	17.00		543		1.13	%	1.15	%	10.37	%
	2013	7	15.40		107		1.02	%	1.15	%	29.45	%
	2012	3	11.90		34		2.22	%	1.15	%	14.80	%
Fidelity VIP Contrafund (Pinnacle Plus )
	2016	27	25.77		700		0.34	%	1.67	%	5.93	%
	2015	227	24.33		5,517		1.92	%	1.67	%	(1.26	)%
	2014	76	24.64		1,868		0.64	%	1.67	%	9.79	%
	2013	115	22.44		2,575		0.84	%	1.67	%	28.77	%
	2012	135	17.43		2,356		1.13	%	1.67	%	14.19	%
Fidelity VIP Contrafund (Pinnacle V )
	2016	501	15.18		7,606		0.62	%	1.55	%	6.06	%
	2015	522	14.31		7,468		0.82	%	1.55	%	(1.14	)%
	2014	514	14.48		7,444		0.75	%	1.55	%	9.93	%
	2013	517	13.17		6,804		0.87	%	1.55	%	28.93	%
	2012	538	10.22		5,492		1.14	%	1.55	%	14.33	%
Fidelity VIP Disciplined Small Cap (AnnuiChoice II )
	2016	18	16.54		302		0.69	%	1.15	%	20.90	%
	2015	6	13.68		89		0.79	%	1.15	%	(3.30	)%
	2014	*-	14.15		4		0.06	%	1.15	%	3.72	%
	2013	1	13.64		12		12.89	%	1.15	%	36.37	%
	2012	*-	10.00		1		13.81	%	1.15	%	17.21	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

101

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Disciplined Small Cap (AnnuiChoice )
	2016	2	$	16.79	$	41	0.49	%	1.00	%	21.09	%
	2015	2	13.86		34		0.33	%	1.00	%	(3.16	)%
	2014	2	14.32		35		0.10	%	1.00	%	3.88	%
	2013	3	13.78		37		7.84	%	1.00	%	36.58	%
	2012	3	10.09		27		7.41	%	1.00	%	17.39	%
Fidelity VIP Disciplined Small Cap (GrandMaster )
	2016	1	16.22		14		0.48	%	1.35	%	20.66	%
	2015	1	13.44		12		0.30	%	1.35	%	(3.50	)%
	2014	1	13.93		18		0.10	%	1.35	%	3.51	%
	2013	1	13.46		18		7.82	%	1.35	%	36.10	%
	2012	1	9.89		14		6.50	%	1.35	%	16.97	%
Fidelity VIP Disciplined Small Cap (IQ Annuity )
	2016	5	16.06		83		0.48	%	1.45	%	20.54	%
	2015	5	13.33		73		0.34	%	1.45	%	(3.60	)%
	2014	6	13.82		76		0.10	%	1.45	%	3.41	%
	2013	6	13.37		86		7.80	%	1.45	%	35.96	%
	2012	6	9.83		64		7.30	%	1.45	%	16.85	%
Fidelity VIP Disciplined Small Cap (Pinnacle )
	2016	7	16.22		119		0.47	%	1.35	%	20.66	%
	2015	8	13.44		107		0.31	%	1.35	%	(3.50	)%
	2014	10	13.93		139		0.10	%	1.35	%	3.51	%
	2013	11	13.46		143		7.62	%	1.35	%	36.10	%
	2012	12	9.89		114		5.48	%	1.35	%	16.97	%
Fidelity VIP Disciplined Small Cap (Pinnacle IV )
	2016	3	16.06		49		0.43	%	1.45	%	20.54	%
	2015	5	13.33		72		0.33	%	1.45	%	(3.60	)%
	2014	6	13.82		76		0.10	%	1.45	%	3.41	%
	2013	7	13.37		88		7.32	%	1.45	%	35.96	%
	2012	8	9.83		79		6.59	%	1.45	%	16.85	%
Fidelity VIP Disciplined Small Cap (Pinnacle Plus Reduced M&E )
	2016	*-	20.89		2		0.45	%	1.15	%	20.90	%
	2015	*-	17.28		5		0.45	%	1.15	%	(3.30	)%
Fidelity VIP Disciplined Small Cap (Pinnacle Plus )
	2016	3	15.72		46		0.31	%	1.67	%	20.27	%
	2015	6	13.07		74		0.34	%	1.67	%	(3.81	)%
	2014	6	13.59		79		0.01	%	1.67	%	3.17	%
	2013	117	13.17		1,547		12.16	%	1.67	%	35.66	%
	2012	16	9.71		159		9.22	%	1.67	%	16.59	%
Fidelity VIP Disciplined Small Cap (Pinnacle V )
	2016	25	16.01		397		0.89	%	1.55	%	20.42	%
	2015	9	13.30		120		0.48	%	1.55	%	(3.69	)%
	2014	6	13.81		79		0.08	%	1.55	%	3.30	%
	2013	11	13.37		141		8.59	%	1.55	%	35.82	%
	2012	8	9.84		80		6.21	%	1.55	%	16.73	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

102

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Equity-Income (AnnuiChoice II )
	2016	25	$	15.58	$	395	2.23	%	1.15	%	16.36	%
	2015	33	13.39		444		3.32	%	1.15	%	(5.34	)%
	2014	27	14.14		388		2.65	%	1.15	%	7.23	%
	2013	29	13.19		385		9.42	%	1.15	%	26.36	%
	2012	29	10.44		304		9.53	%	1.15	%	15.70	%
Fidelity VIP Equity-Income (AdvantEdge )
	2016	11	14.67		163		2.10	%	1.60	%	15.83	%
	2015	12	12.67		155		3.03	%	1.60	%	(5.77	)%
	2014	12	13.44		166		2.61	%	1.60	%	6.75	%
	2013	13	12.59		167		9.01	%	1.60	%	25.78	%
	2012	15	10.01		147		9.94	%	1.60	%	15.17	%
Fidelity VIP Equity-Income (AnnuiChoice )
	2016	20	20.58		409		2.27	%	1.00	%	16.53	%
	2015	14	17.66		250		2.93	%	1.00	%	(5.20	)%
	2014	15	18.63		278		2.59	%	1.00	%	7.40	%
	2013	16	17.35		278		8.48	%	1.00	%	26.55	%
	2012	20	13.71		279		9.15	%	1.00	%	15.88	%
Fidelity VIP Equity-Income (GrandMaster flex3 )
	2016	7	20.18		144		2.02	%	1.55	%	15.89	%
	2015	8	17.41		136		2.79	%	1.55	%	(5.72	)%
	2014	9	18.47		160		2.52	%	1.55	%	6.80	%
	2013	10	17.29		178		9.11	%	1.55	%	25.85	%
	2012	11	13.74		153		9.08	%	1.55	%	15.23	%
Fidelity VIP Equity-Income (IQ3 )
	2016	23	18.18		413		2.14	%	1.45	%	16.00	%
	2015	25	15.67		384		2.98	%	1.45	%	(5.63	)%
	2014	25	16.60		418		2.60	%	1.45	%	6.91	%
	2013	28	15.53		442		8.98	%	1.45	%	25.98	%
	2012	32	12.33		390		9.41	%	1.45	%	15.35	%
Fidelity VIP Equity-Income (Pinnacle IV )
	2016	86	20.29		1,744		2.24	%	1.45	%	16.00	%
	2015	41	17.49		713		2.19	%	1.45	%	(5.63	)%
	2014	71	18.53		1,313		2.36	%	1.45	%	6.91	%
	2013	96	17.33		1,672		8.97	%	1.45	%	25.98	%
	2012	109	13.76		1,495		9.23	%	1.45	%	15.35	%
Fidelity VIP Equity-Income (Pinnacle Plus Reduced M&E )
	2016	32	18.64		597		2.40	%	1.15	%	16.36	%
	2015	23	16.02		371		3.09	%	1.15	%	(5.34	)%
	2014	20	16.92		333		3.24	%	1.15	%	7.23	%
	2013	6	15.78		100		11.89	%	1.15	%	26.36	%
	2012	2	12.49		28		13.41	%	1.15	%	15.70	%
Fidelity VIP Equity-Income (Pinnacle Plus )
	2016	31	20.47		624		2.00	%	1.67	%	15.75	%
	2015	24	17.68		426		2.39	%	1.67	%	(5.84	)%
	2014	37	18.78		687		1.41	%	1.67	%	6.67	%
	2013	128	17.60		2,251		12.06	%	1.67	%	25.70	%
	2012	66	14.00		919		9.30	%	1.67	%	15.09	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

103

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Equity-Income (Pinnacle V )
	2016	105	$	12.50	$	1,310	2.09	%	1.55	%	15.89	%
	2015	105	10.79		1,135		3.08	%	1.55	%	(5.72	)%
	2014	100	11.44		1,144		2.64	%	1.55	%	6.80	%
	2013	106	10.71		1,136		9.75	%	1.55	%	25.85	%
	2012	98	8.51		832		9.62	%	1.55	%	15.23	%
Fidelity VIP Freedom 2010 (Advantedge )
	2016	*-	12.94		3		1.28	%	1.60	%	3.55	%
	2015	*-	12.49		3		0.07	%	1.60	%	(2.12	)%
	2014	10	12.76		122		1.60	%	1.60	%	2.55	%
	2013	5	12.45		58		2.63	%	1.60	%	11.39	%
	2012	5	11.17		56		2.97	%	1.60	%	9.79	%
Fidelity VIP Freedom 2010 (AnnuiChoice II )
	2016	2	13.23		29		0.64	%	1.15	%	4.02	%
	2015	7	12.72		93		1.43	%	1.15	%	(1.67	)%
	2014	9	12.93		110		6.75	%	1.15	%	3.01	%
Fidelity VIP Freedom 2010 (GrandMaster flex3 )
	2016	1	12.72		8		1.28	%	1.55	%	3.60	%
	2015	1	12.28		8		1.59	%	1.55	%	(2.07	)%
	2014	1	12.54		8		1.40	%	1.55	%	2.60	%
	2013	1	12.22		8		2.41	%	1.55	%	11.44	%
	2012	1	10.96		11		3.15	%	1.55	%	9.85	%
Fidelity VIP Freedom 2010 (GrandMaster )
	2016	1	12.97		12		1.26	%	1.35	%	3.81	%
	2015	1	12.49		12		1.18	%	1.35	%	(1.87	)%
	2014	1	12.73		15		1.36	%	1.35	%	2.81	%
	2013	1	12.38		16		2.65	%	1.35	%	11.67	%
	2012	1	11.09		14		2.41	%	1.35	%	10.07	%
Fidelity VIP Freedom 2010 (Pinnacle )
	2016	8	12.97		102		1.29	%	1.35	%	3.81	%
	2015	8	12.49		98		1.58	%	1.35	%	(1.87	)%
	2014	8	12.73		100		1.40	%	1.35	%	2.81	%
	2013	8	12.38		97		2.67	%	1.35	%	11.67	%
	2012	8	11.09		87		3.22	%	1.35	%	10.07	%
Fidelity VIP Freedom 2010 (Pinnacle IV )
	2016	12	12.84		156		1.20	%	1.45	%	3.71	%
	2015	16	12.38		203		1.35	%	1.45	%	(1.97	)%
	2014	22	12.63		275		0.87	%	1.45	%	2.70	%
	2013	58	12.30		710		2.46	%	1.45	%	11.56	%
	2012	79	11.03		868		3.12	%	1.45	%	9.96	%
Fidelity VIP Freedom 2010 (Pinnacle Plus )
	2016	*-	12.57		5		1.30	%	1.55	%	3.47	%
	2015	*-	12.15		5		0.70	%	1.55	%	(2.19	)%
	2014	1	12.42		15		5.58	%	1.55	%	2.47	%
Fidelity VIP Freedom 2010 (Pinnacle V )
	2016	31	12.62		396		0.96	%	1.15	%	3.60	%
	2015	50	12.19		612		1.39	%	1.15	%	(2.07	)%
	2014	63	12.44		790		1.28	%	1.55	%	2.60	%
	2013	73	12.13		886		2.61	%	1.55	%	11.44	%
	2012	81	10.88		887		3.21	%	1.55	%	9.85	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

104

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Freedom 2015 (AdvantEdge )
	2016	10	$	13.00	$	128	1.30	%	1.60	%	3.89	%
	2015	10	12.51		123		1.34	%	1.60	%	(2.10	)%
	2014	12	12.78		153		1.43	%	1.60	%	2.78	%
	2013	12	12.44		149		3.10	%	1.60	%	12.28	%
	2012	10	11.08		113		3.49	%	1.60	%	10.11	%
Fidelity VIP Freedom 2015 (AnnuiChoice II )
	2016	1	13.21		9		1.31	%	1.15	%	4.36	%
	2015	1	12.66		9		1.19	%	1.15	%	(1.65	)%
	2014	2	12.87		20		1.43	%	1.15	%	3.25	%
	2013	2	12.47		19		2.99	%	1.15	%	12.79	%
	2012	2	11.05		18		4.09	%	1.15	%	10.61	%
Fidelity VIP Freedom 2015 (GrandMaster flex3 )
	2016	1	12.70		8		1.30	%	1.55	%	3.94	%
	2015	1	12.22		8		1.59	%	1.55	%	(2.05	)%
	2014	1	12.48		8		1.41	%	1.55	%	2.84	%
	2013	1	12.13		8		3.03	%	1.55	%	12.34	%
	2012	1	10.80		7		3.60	%	1.55	%	10.16	%
Fidelity VIP Freedom 2015 (Pinnacle IV )
	2016	3	12.83		37		1.29	%	1.45	%	4.05	%
	2015	3	12.33		37		0.64	%	1.45	%	(1.95	)%
	2014	30	12.57		378		1.38	%	1.45	%	2.94	%
	2013	39	12.22		472		3.01	%	1.45	%	12.45	%
	2012	41	10.86		447		2.98	%	1.45	%	10.27	%
Fidelity VIP Freedom 2015 (Pinnacle Plus Reduced M&E )
	2016	1	13.39		14		0.80	%	1.15	%	4.36	%
	2015	1	12.83		18		1.49	%	1.15	%	(1.65	)%
Fidelity VIP Freedom 2015 (Pinnacle Plus )
	2016	3	12.55		32		1.14	%	1.67	%	3.82	%
	2015	4	12.09		50		1.35	%	1.67	%	(2.17	)%
	2014	7	12.36		82		1.49	%	1.67	%	2.71	%
	2013	7	12.03		87		3.00	%	1.67	%	12.20	%
	2012	8	10.73		83		2.48	%	1.67	%	10.03	%
Fidelity VIP Freedom 2015 (Pinnacle V )
	2016	33	12.59		414		0.98	%	1.55	%	3.94	%
	2015	50	12.12		610		1.47	%	1.55	%	(2.05	)%
	2014	55	12.37		674		1.42	%	1.55	%	2.84	%
	2013	56	12.03		676		2.96	%	1.55	%	12.34	%
	2012	63	10.71		672		3.36	%	1.55	%	10.16	%
Fidelity VIP Freedom 2020 (AdvantEdge )
	2016	*-	12.93		*-		1.11	%	1.60	%	4.11	%
	2015	*-	12.42		*-		1.15	%	1.60	%	(2.05	)%
	2014	*-	12.68		1		1.41	%	1.60	%	2.92	%
	2013	*-	12.32		1		2.28	%	1.60	%	13.79	%
	2012	*-	10.82		4		2.03	%	1.60	%	11.25	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

105

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Freedom 2020 (AnnuiChoice II )
	2016	4	$	13.00	$	51	1.72	%	1.15	%	4.59	%
	2015	2	12.43		22		1.11	%	1.15	%	(1.60	)%
	2014	5	12.64		63		1.54	%	1.15	%	3.39	%
	2013	3	12.22		40		2.94	%	1.15	%	14.31	%
	2012	3	10.69		35		3.08	%	1.15	%	11.76	%
Fidelity VIP Freedom 2020 (GrandMaster )
	2016	1	12.75		11		1.32	%	1.35	%	4.38	%
	2015	1	12.22		10		1.71	%	1.35	%	(1.80	)%
	2014	1	12.44		9		1.63	%	1.35	%	3.18	%
	2013	1	12.06		7		1.82	%	1.35	%	14.08	%
	2012	17	10.57		175		5.14	%	1.35	%	11.54	%
Fidelity VIP Freedom 2020 (Pinnacle IV )
	2016	*-	12.63		3		1.26	%	1.45	%	4.27	%
	2015	*-	12.11		3		0.11	%	1.45	%	(1.90	)%
	2014	35	12.34		435		1.44	%	1.45	%	3.08	%
	2013	35	11.98		422		2.95	%	1.45	%	13.96	%
	2012	35	10.51		367		2.86	%	1.45	%	11.42	%
Fidelity VIP Freedom 2020 (Pinnacle V )
	2016	41	12.37		509		1.45	%	1.55	%	4.16	%
	2015	29	11.87		346		2.15	%	1.55	%	(2.00	)%
	2014	17	12.12		204		1.27	%	1.55	%	2.98	%
	2013	25	11.77		297		2.99	%	1.55	%	13.84	%
	2012	23	10.34		237		2.28	%	1.55	%	11.31	%
Fidelity VIP Freedom 2025 (Advantedge )
	2016	*-	13.48		*-		1.33	%	1.60	%	4.29	%
	2015	*-	12.93		*-		1.32	%	1.60	%	(2.10	)%
	2014	*-	13.20		1		1.40	%	1.60	%	3.18	%
	2013	*-	12.80		1		2.49	%	1.60	%	17.80	%
	2012	*-	10.86		4		1.84	%	1.60	%	12.95	%
Fidelity VIP Freedom 2025 (Pinnacle IV )
	2016	1	13.12		8		1.31	%	1.45	%	4.45	%
	2015	1	12.56		8		1.52	%	1.45	%	(1.95	)%
	2014	1	12.81		9		1.46	%	1.45	%	3.33	%
	2013	1	12.40		6		3.27	%	1.45	%	17.98	%
	2012	1	10.51		5		2.43	%	1.45	%	13.13	%
Fidelity VIP Freedom 2025 (Pinnacle V )
	2016	60	12.85		775		1.64	%	1.55	%	4.34	%
	2015	40	12.31		496		2.07	%	1.55	%	(2.05	)%
	2014	36	12.57		451		1.51	%	1.55	%	3.23	%
	2013	30	12.17		360		3.73	%	1.55	%	17.86	%
	2012	17	10.33		173		2.95	%	1.55	%	13.01	%
Fidelity VIP Freedom 2030 (AnnuiChoice II )
	2016	5	13.12		71		1.46	%	1.15	%	5.15	%
	2015	1	12.48		9		1.47	%	1.15	%	(1.67	)%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

106

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Freedom 2030 (Pinnacle IV )
	2016	*-	$	12.74	$	3	1.24	%	1.45	%	4.83	%
	2015	*-	12.15		3		1.45	%	1.45	%	(1.97	)%
	2014	*-	12.40		3		1.38	%	1.45	%	3.23	%
	2013	*-	12.01		3		2.74	%	1.45	%	19.65	%
	2012	*-	10.04		4		2.91	%	1.45	%	13.50	%
Fidelity VIP Freedom 2030 (Pinnacle Plus )
	2016	78	12.47		972		1.22	%	1.67	%	4.60	%
	2015	80	11.92		958		0.11	%	1.67	%	(2.19	)%
	2014	1,370	12.19		16,693		5.71	%	1.67	%	3.00	%
	2013	*-	11.83		3		2.95	%	1.67	%	19.38	%
	2012	*-	9.91		3		2.91	%	1.67	%	13.25	%
Fidelity VIP Freedom 2030 (Pinnacle V )
	2016	14	12.45		178		1.24	%	1.55	%	4.73	%
	2015	14	11.89		170		1.46	%	1.55	%	(2.07	)%
	2014	15	12.14		176		1.35	%	1.55	%	3.12	%
	2013	15	11.77		173		3.22	%	1.55	%	19.53	%
	2012	12	9.85		119		2.82	%	1.55	%	13.39	%
Fidelity VIP Growth (AnnuiChoice II )
	2016	35	18.44		651		—	%	1.15	%	(0.61	)%
	2015	34	18.55		622		0.04	%	1.15	%	5.68	%
	2014	21	17.56		361		—	%	1.15	%	9.74	%
	2013	18	16.00		295		0.11	%	1.15	%	34.44	%
	2012	22	11.90		260		0.41	%	1.15	%	13.08	%
Fidelity VIP Growth (GrandMaster )
	2016	62	16.06		1,001		—	%	1.35	%	(0.81	)%
	2015	38	16.19		610		0.03	%	1.35	%	5.46	%
	2014	37	15.35		567		—	%	1.35	%	9.52	%
	2013	41	14.02		575		0.12	%	1.35	%	34.17	%
	2012	37	10.45		383		0.38	%	1.35	%	12.85	%
Fidelity VIP Growth (AdvantEdge )
	2016	5	14.87		79		—	%	1.60	%	(1.06	)%
	2015	6	15.03		86		0.03	%	1.60	%	5.20	%
	2014	7	14.29		94		—	%	1.60	%	9.24	%
	2013	9	13.08		118		0.11	%	1.60	%	33.83	%
	2012	10	9.78		95		0.43	%	1.60	%	12.56	%
Fidelity VIP Growth (AnnuiChoice )
	2016	8	18.10		150		—	%	1.00	%	(0.45	)%
	2015	5	18.19		92		0.03	%	1.00	%	5.84	%
	2014	5	17.18		93		—	%	1.00	%	9.90	%
	2013	5	15.63		77		0.09	%	1.00	%	34.64	%
	2012	9	11.61		101		0.35	%	1.00	%	13.25	%
Fidelity VIP Growth (GrandMaster flex3 )
	2016	4	20.07		74		—	%	1.55	%	(1.01	)%
	2015	3	20.27		69		0.03	%	1.55	%	5.25	%
	2014	4	19.26		70		—	%	1.55	%	9.29	%
	2013	5	17.62		82		0.11	%	1.55	%	33.90	%
	2012	5	13.16		66		0.33	%	1.55	%	12.62	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

107

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Growth (IQ3 )
	2016	9	$	13.33	$	116	—	%	1.45	%	(0.91	)%
	2015	10	13.46		136		0.03	%	1.45	%	5.36	%
	2014	11	12.77		136		—	%	1.45	%	9.40	%
	2013	11	11.67		128		0.11	%	1.45	%	34.03	%
	2012	13	8.71		116		0.37	%	1.45	%	12.74	%
Fidelity VIP Growth (Pinnacle )
	2016	5	16.06		81		—	%	1.35	%	(0.81	)%
	2015	11	16.19		180		0.05	%	1.35	%	5.46	%
	2014	5	15.35		79		—	%	1.35	%	9.52	%
	2013	6	14.02		84		0.10	%	1.35	%	34.17	%
	2012	8	10.45		83		0.46	%	1.35	%	12.85	%
Fidelity VIP Growth (Pinnacle IV )
	2016	49	18.17		894		—	%	1.45	%	(0.91	)%
	2015	28	18.34		508		0.03	%	1.45	%	5.36	%
	2014	31	17.41		535		—	%	1.45	%	9.40	%
	2013	34	15.91		541		0.10	%	1.45	%	34.03	%
	2012	51	11.87		600		0.33	%	1.45	%	12.74	%
Fidelity VIP Growth (Pinnacle Plus Reduced M&E )
	2016	6	18.76		109		—	%	1.15	%	(0.61	)%
	2015	1	18.88		11		0.03	%	1.15	%	5.68	%
	2014	1	17.86		14		—	%	1.15	%	9.74	%
	2013	*-	16.28		3		0.22	%	1.15	%	34.44	%
Fidelity VIP Growth (Pinnacle Plus )
	2016	18	20.15		369		—	%	1.67	%	(1.13	)%
	2015	15	20.38		308		0.03	%	1.67	%	5.12	%
	2014	20	19.39		389		—	%	1.67	%	9.16	%
	2013	23	17.76		411		0.05	%	1.67	%	33.73	%
	2012	107	13.28		1,424		0.62	%	1.67	%	12.48	%
Fidelity VIP Growth (Pinnacle V )
	2016	36	15.57		557		—	%	1.55	%	(1.01	)%
	2015	28	15.73		448		0.03	%	1.55	%	5.25	%
	2014	31	14.95		461		—	%	1.55	%	9.29	%
	2013	38	13.67		520		0.14	%	1.55	%	33.90	%
	2012	50	10.21		516		0.38	%	1.55	%	12.62	%
Fidelity VIP High Income (AdvantEdge )
	2016	40	15.08		602		6.21	%	1.60	%	12.34	%
	2015	3	13.42		43		1.29	%	1.60	%	(5.40	)%
	2014	3	14.19		43		0.66	%	1.60	%	(0.71	)%
	2013	44	14.29		622		5.38	%	1.60	%	4.01	%
	2012	51	13.74		703		5.64	%	1.60	%	12.14	%
Fidelity VIP High Income (AnnuiChoice II )
	2016	8	16.20		136		5.34	%	1.15	%	12.86	%
	2015	8	14.35		118		6.38	%	1.15	%	(4.97	)%
	2014	8	15.10		122		7.55	%	1.15	%	(0.26	)%
	2013	4	15.14		66		4.78	%	1.15	%	4.48	%
	2012	6	14.49		81		6.07	%	1.15	%	12.66	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

108

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

					Investment
		Units	Unit	Net Assets	Income		Expense		Total
Subaccount	Year	(000s)	Value	(000s)	Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP High Income (AnnuiChoice )
	2016	9	23.25	218	5.40	%	1.00	%	13.03	%
	2015	9	20.57	195	6.30	%	1.00	%	(4.83	)%
	2014	10	21.61	220	5.72	%	1.00	%	(0.10	)%
	2013	9	21.64	201	5.72	%	1.00	%	4.64	%
	2012	10	20.68	201	4.82	%	1.00	%	12.83	%
Fidelity VIP High Income (GrandMaster flex3 )
	2016	66	20.16	1,338	6.27	%	1.55	%	12.40	%
	2015	2	17.94	44	0.85	%	1.55	%	(5.35	)%
	2014	6	18.95	111	0.63	%	1.55	%	(0.66	)%
	2013	92	19.08	1,749	5.79	%	1.55	%	4.06	%
	2012	94	18.33	1,721	5.73	%	1.55	%	12.20	%
Fidelity VIP High Income (IQ3 )
	2016	293	18.18	5,319	5.98	%	1.45	%	12.51	%
	2015	14	16.16	230	0.95	%	1.45	%	(5.26	)%
	2014	16	17.06	280	0.39	%	1.45	%	(0.56	)%
	2013	407	17.15	6,976	5.77	%	1.45	%	4.17	%
	2012	417	16.47	6,866	5.87	%	1.45	%	12.31	%
Fidelity VIP High Income (Pinnacle )
	2016	1	17.97	26	5.17	%	1.55	%	12.63	%
	2015	2	15.95	25	5.39	%	1.55	%	(5.16	)%
	2014	2	16.82	42	5.05	%	1.35	%	(0.46	)%
	2013	3	16.90	48	5.65	%	1.35	%	4.27	%
	2012	3	16.21	50	5.21	%	1.35	%	12.43	%
Fidelity VIP High Income (Pinnacle IV )
	2016	13	20.45	271	5.15	%	1.45	%	12.52	%
	2015	11	18.17	203	5.01	%	1.45	%	(5.26	)%
	2014	13	19.18	252	3.75	%	1.45	%	(0.56	)%
	2013	29	19.29	557	5.30	%	1.45	%	4.17	%
	2012	35	18.52	645	5.62	%	1.45	%	12.31	%
Fidelity VIP High Income (Pinnacle Plus Reduced M&E )
	2016	3	12.97	38	5.21	%	1.15	%	12.86	%
	2015	3	11.49	37	13.90	%	1.15	%	(4.97	)%
	2014	*-	12.09	1	0.22	%	1.15	%	(0.26	)%
	2013	2	12.12	29	0.85	%	1.15	%	4.48	%
Fidelity VIP High Income (Pinnacle Plus )
	2016	5	18.47	86	4.60	%	1.67	%	12.26	%
	2015	7	16.46	114	5.26	%	1.67	%	(5.47	)%
	2014	10	17.41	171	4.18	%	1.67	%	(0.78	)%
	2013	16	17.54	279	2.03	%	1.67	%	3.93	%
	2012	88	16.88	1,492	9.50	%	1.67	%	12.06	%
Fidelity VIP High Income (Pinnacle V )
	2016	23	14.29	330	5.21	%	1.55	%	12.40	%
	2015	26	12.71	325	5.26	%	1.55	%	(5.35	)%
	2014	30	13.43	409	4.31	%	1.55	%	(0.66	)%
	2013	33	13.52	451	6.08	%	1.55	%	4.06	%
	2012	31	12.99	397	6.24	%	1.55	%	12.20	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

109

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP II Index 500 (Pinnacle )
	2016	40	$	15.74	$	634	1.37	%	1.35	%	10.08	%
	2015	43	14.30		612		1.74	%	1.35	%	(0.28	)%
	2014	51	14.34		738		1.98	%	1.35	%	11.76	%
	2013	40	12.83		507		2.03	%	1.35	%	30.13	%
	2012	77	9.86		759		3.42	%	1.35	%	14.06	%
Fidelity VIP II Index 500 (Pinnacle IV )
	2016	146	15.59		2,273		1.31	%	1.45	%	9.97	%
	2015	185	14.17		2,624		1.74	%	1.45	%	(0.38	)%
	2014	202	14.23		2,880		1.79	%	1.45	%	11.65	%
	2013	200	12.74		2,552		2.75	%	1.45	%	30.00	%
	2012	275	9.80		2,693		3.25	%	1.45	%	13.95	%
Fidelity VIP II Index 500 (Pinnacle V )
	2016	594	15.14		8,995		1.60	%	1.55	%	9.85	%
	2015	466	13.78		6,417		1.92	%	1.55	%	(0.48	)%
	2014	412	13.85		5,706		1.79	%	1.55	%	11.53	%
	2013	325	12.42		4,037		2.86	%	1.55	%	29.87	%
	2012	200	9.56		1,910		3.28	%	1.55	%	13.83	%
Fidelity VIP Index 500 (AdvantEdge )
	2016	83	16.95		1,399		1.84	%	1.60	%	9.80	%
	2015	59	15.44		908		1.68	%	1.60	%	(0.53	)%
	2014	67	15.52		1,042		1.54	%	1.60	%	11.48	%
	2013	65	13.92		904		2.73	%	1.60	%	29.80	%
	2012	56	10.73		596		3.33	%	1.60	%	13.77	%
Fidelity VIP Index 500 (AnnuiChoice II )
	2016	216	16.05		3,464		1.59	%	1.15	%	10.30	%
	2015	160	14.55		2,334		2.34	%	1.15	%	(0.08	)%
	2014	79	14.56		1,144		1.81	%	1.15	%	11.99	%
	2013	52	13.01		676		2.72	%	1.15	%	30.39	%
	2012	46	9.97		455		3.38	%	1.15	%	14.30	%
Fidelity VIP Index 500 (AnnuiChoice )
	2016	20	20.50		412		1.25	%	1.00	%	10.47	%
	2015	25	18.55		465		2.10	%	1.00	%	0.07	%
	2014	21	18.54		388		1.47	%	1.00	%	12.16	%
	2013	21	16.53		349		2.36	%	1.00	%	30.59	%
	2012	37	12.66		473		3.22	%	1.00	%	14.47	%
Fidelity VIP Index 500 (Grandmaster flex3 )
	2016	24	15.43		377		1.35	%	1.55	%	9.85	%
	2015	26	14.05		362		1.75	%	1.55	%	(0.48	)%
	2014	28	14.12		401		1.55	%	1.55	%	11.53	%
	2013	29	12.66		368		2.65	%	1.55	%	29.87	%
	2012	33	9.75		324		3.33	%	1.55	%	13.83	%
Fidelity VIP Index 500 (Grandmaster )
	2016	114	15.74		1,790		1.24	%	1.35	%	10.08	%
	2015	175	14.30		2,496		1.88	%	1.35	%	(0.28	)%
	2014	178	14.34		2,555		2.63	%	1.35	%	11.76	%
	2013	96	12.83		1,228		1.99	%	1.35	%	30.13	%
	2012	183	9.86		1,806		3.44	%	1.35	%	14.06	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

110

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Index 500 (IQ3 )
	2016	35	$	17.52	$	607	1.35	%	1.45	%	9.96	%
	2015	39	15.93		614		1.63	%	1.45	%	(0.38	)%
	2014	53	16.00		854		1.50	%	1.45	%	11.65	%
	2013	50	14.33		720		2.72	%	1.45	%	30.00	%
	2012	50	11.02		547		3.23	%	1.45	%	13.95	%
Fidelity VIP Index 500 (Pinnacle Plus Reduced M&E )
	2016	42	19.70		831		1.54	%	1.15	%	10.30	%
	2015	34	17.86		602		1.85	%	1.15	%	(0.08	)%
	2014	31	17.87		553		1.93	%	1.15	%	11.99	%
	2013	7	15.96		104		3.08	%	1.15	%	30.39	%
Fidelity VIP Index 500 (Pinnacle Plus )
	2016	59	22.47		1,324		1.06	%	1.67	%	9.72	%
	2015	38	20.48		769		1.56	%	1.67	%	(0.60	)%
	2014	52	20.61		1,079		1.61	%	1.67	%	11.40	%
	2013	65	18.50		1,211		1.93	%	1.67	%	29.71	%
	2012	163	14.26		2,319		3.56	%	1.67	%	13.69	%
Fidelity VIP Investment Grade Bond (AdvantEdge )
	2016	63	12.57		789		2.24	%	1.60	%	2.81	%
	2015	61	12.23		743		2.39	%	1.60	%	(2.43	)%
	2014	65	12.54		810		2.06	%	1.60	%	3.93	%
	2013	60	12.06		727		3.89	%	1.60	%	(3.63	)%
	2012	44	12.52		552		5.38	%	1.60	%	3.91	%
Fidelity VIP Investment Grade Bond (AnnuiChoice II )
	2016	119	13.67		1,626		2.74	%	1.15	%	3.28	%
	2015	79	13.24		1,052		3.04	%	1.15	%	(1.99	)%
	2014	52	13.51		699		2.41	%	1.15	%	4.40	%
	2013	36	12.94		463		3.89	%	1.15	%	(3.19	)%
	2012	26	13.36		351		4.92	%	1.15	%	4.38	%
Fidelity VIP Investment Grade Bond (AnnuiChoice )
	2016	9	17.02		161		2.23	%	1.00	%	3.43	%
	2015	9	16.45		156		1.99	%	1.00	%	(1.84	)%
	2014	13	16.76		213		2.00	%	1.00	%	4.56	%
	2013	13	16.03		206		3.22	%	1.00	%	(3.05	)%
	2012	14	16.54		240		3.63	%	1.00	%	4.54	%
Fidelity VIP Investment Grade Bond (GrandMaster flex3 )
	2016	4	13.71		57		1.83	%	1.55	%	2.86	%
	2015	5	13.33		62		2.36	%	1.55	%	(2.39	)%
	2014	6	13.66		85		1.37	%	1.55	%	3.98	%
	2013	11	13.13		147		0.75	%	1.55	%	(3.58	)%
	2012	90	13.62		1,226		6.68	%	1.55	%	3.96	%
Fidelity VIP Investment Grade Bond (GrandMaster )
	2016	32	13.03		422		2.14	%	1.35	%	3.07	%
	2015	34	12.64		426		2.64	%	1.35	%	(2.19	)%
	2014	31	12.93		395		1.93	%	1.35	%	4.19	%
	2013	38	12.41		466		3.23	%	1.35	%	(3.39	)%
	2012	42	12.84		540		5.71	%	1.35	%	4.17	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

111

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Investment Grade Bond (IQ3 )
	2016	15	$	16.14	$	240	2.18	%	1.45	%	2.96	%
	2015	18	15.68		279		1.96	%	1.45	%	(2.29	)%
	2014	26	16.05		421		1.82	%	1.45	%	4.09	%
	2013	33	15.42		516		3.12	%	1.45	%	(3.49	)%
	2012	40	15.97		638		5.01	%	1.45	%	4.07	%
Fidelity VIP Investment Grade Bond (Pinnacle )
	2016	7	14.07		101		2.02	%	1.35	%	3.07	%
	2015	10	13.65		138		2.14	%	1.35	%	(2.19	)%
	2014	13	13.96		186		1.87	%	1.35	%	4.19	%
	2013	14	13.39		186		3.06	%	1.35	%	(3.39	)%
	2012	17	13.86		236		4.46	%	1.35	%	4.17	%
Fidelity VIP Investment Grade Bond (Pinnacle IV )
	2016	31	13.89		434		1.97	%	1.45	%	2.96	%
	2015	45	13.49		601		1.90	%	1.45	%	(2.29	)%
	2014	72	13.81		995		1.67	%	1.45	%	4.09	%
	2013	98	13.26		1,303		2.66	%	1.45	%	(3.49	)%
	2012	155	13.74		2,127		4.63	%	1.45	%	4.07	%
Fidelity VIP Investment Grade Bond (Pinnacle II Reduced M&E )
	2016	1	14.24		17		2.24	%	1.10	%	3.33	%
	2015	1	13.79		17		1.96	%	1.10	%	(1.94	)%
	2014	2	14.06		29		1.97	%	1.10	%	4.46	%
	2013	2	13.46		29		3.36	%	1.10	%	(3.14	)%
	2012	2	13.90		32		8.22	%	1.10	%	3.60	%
Fidelity VIP Investment Grade Bond (Pinnacle Plus Reduced M&E )
	2016	6	11.12		72		2.17	%	1.15	%	3.28	%
	2015	7	10.77		81		2.52	%	1.15	%	(1.99	)%
	2014	7	10.99		81		1.68	%	1.15	%	4.40	%
	2013	4	10.52		41		3.28	%	1.15	%	(3.19	)%
Fidelity VIP Investment Grade Bond (Pinnacle Plus )
	2016	3	13.44		46		0.20	%	1.67	%	2.73	%
	2015	340	13.08		4,442		12.47	%	1.67	%	(2.50	)%
	2014	6	13.42		78		1.53	%	1.67	%	3.86	%
	2013	17	12.92		215		0.74	%	1.67	%	(3.70	)%
	2012	151	13.41		2,024		6.95	%	1.67	%	3.83	%
Fidelity VIP Investment Grade Bond (Pinnacle V )
	2016	710	12.82		9,097		2.27	%	1.55	%	2.86	%
	2015	655	12.46		8,165		2.72	%	1.55	%	(2.39	)%
	2014	513	12.77		6,545		2.14	%	1.55	%	3.98	%
	2013	443	12.28		5,437		4.02	%	1.55	%	(3.58	)%
	2012	310	12.74		3,949		5.18	%	1.55	%	3.96	%
Fidelity VIP Mid Cap (AdvantEdge )
	2016	25	16.38		410		0.24	%	1.60	%	10.13	%
	2015	43	14.87		632		0.24	%	1.60	%	(3.20	)%
	2014	47	15.36		726		0.02	%	1.60	%	4.34	%
	2013	58	14.73		853		13.13	%	1.60	%	33.70	%
	2012	65	11.01		720		8.54	%	1.60	%	12.72	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

112

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Mid Cap (AnnuiChoice II )
	2016	47	$	18.95	$	881	0.34	%	1.15	%	10.64	%
	2015	45	17.13		770		0.28	%	1.15	%	(2.76	)%
	2014	34	17.61		596		0.02	%	1.15	%	4.81	%
	2013	33	16.80		547		13.45	%	1.15	%	34.31	%
	2012	34	12.51		431		6.20	%	1.15	%	13.24	%
Fidelity VIP Mid Cap (AnnuiChoice )
	2016	8	37.20		306		0.32	%	1.00	%	10.80	%
	2015	8	33.57		280		0.25	%	1.00	%	(2.61	)%
	2014	9	34.47		295		0.02	%	1.00	%	4.97	%
	2013	11	32.84		352		11.93	%	1.00	%	34.51	%
	2012	15	24.42		377		6.07	%	1.00	%	13.41	%
Fidelity VIP Mid Cap (GrandMaster flex3 )
	2016	8	33.22		274		0.31	%	1.55	%	10.19	%
	2015	9	30.15		271		0.25	%	1.55	%	(3.15	)%
	2014	10	31.13		302		0.02	%	1.55	%	4.39	%
	2013	15	29.82		442		13.84	%	1.55	%	33.77	%
	2012	15	22.29		323		7.20	%	1.55	%	12.78	%
Fidelity VIP Mid Cap (Grandmaster )
	2016	17	27.98		464		0.33	%	1.35	%	10.41	%
	2015	17	25.34		438		0.26	%	1.35	%	(2.96	)%
	2014	16	26.11		427		0.02	%	1.35	%	4.60	%
	2013	16	24.96		401		13.93	%	1.35	%	34.04	%
	2012	16	18.62		295		8.43	%	1.35	%	13.01	%
Fidelity VIP Mid Cap (IQ Annuity )
	2016	29	33.67		970		0.31	%	1.45	%	10.30	%
	2015	30	30.53		917		0.24	%	1.45	%	(3.05	)%
	2014	32	31.49		1,012		0.02	%	1.45	%	4.50	%
	2013	36	30.14		1,081		13.60	%	1.45	%	33.90	%
	2012	37	22.51		830		8.21	%	1.45	%	12.89	%
Fidelity VIP Mid Cap (Pinnacle )
	2016	27	16.34		443		0.34	%	1.35	%	10.41	%
	2015	25	14.80		372		0.23	%	1.35	%	(2.96	)%
	2014	30	15.25		450		0.02	%	1.35	%	4.60	%
	2013	33	14.58		488		13.71	%	1.35	%	34.04	%
	2012	34	10.88		366		8.50	%	1.35	%	13.01	%
Fidelity VIP Mid Cap (Pinnacle IV )
	2016	25	34.26		855		0.29	%	1.45	%	10.30	%
	2015	32	31.06		992		0.22	%	1.45	%	(3.05	)%
	2014	40	32.04		1,294		0.02	%	1.45	%	4.50	%
	2013	67	30.66		2,065		12.49	%	1.45	%	33.90	%
	2012	91	22.90		2,083		7.27	%	1.45	%	12.89	%
Fidelity VIP Mid Cap (Pinnacle Plus Reduced M&E )
	2016	33	15.69		512		0.29	%	1.15	%	10.64	%
	2015	40	14.18		564		0.25	%	1.15	%	(2.76	)%
	2014	38	14.58		547		0.03	%	1.15	%	4.81	%
	2013	5	13.91		71		14.50	%	1.15	%	34.31	%
	2012	4	10.36		45		16.69	%	1.15	%	13.24	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

113

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Mid Cap (Pinnacle Plus )
	2016	12	$	32.85	$	380	0.29	%	1.67	%	10.06	%
	2015	14	29.85		426		0.20	%	1.67	%	(3.27	)%
	2014	21	30.86		639		0.01	%	1.67	%	4.26	%
	2013	88	29.60		2,610		16.73	%	1.67	%	33.60	%
	2012	51	22.16		1,139		7.58	%	1.67	%	12.64	%
Fidelity VIP Mid Cap (Pinnacle V )
	2016	111	15.90		1,762		0.30	%	1.55	%	10.19	%
	2015	126	14.43		1,812		0.23	%	1.55	%	(3.15	)%
	2014	140	14.90		2,088		0.02	%	1.55	%	4.39	%
	2013	157	14.27		2,241		13.35	%	1.55	%	33.77	%
	2012	155	10.67		1,657		7.66	%	1.55	%	12.78	%
Fidelity VIP Overseas (AdvantEdge )
	2016	37	8.80		322		1.27	%	1.60	%	(6.78	)%
	2015	36	9.44		342		1.10	%	1.60	%	1.64	%
	2014	41	9.28		377		1.15	%	1.60	%	(9.76	)%
	2013	38	10.29		386		1.39	%	1.60	%	28.09	%
	2012	45	8.03		358		2.12	%	1.60	%	18.44	%
Fidelity VIP Overseas (AnnuiChoice II )
	2016	25	10.56		267		1.29	%	1.15	%	(6.36	)%
	2015	24	11.28		272		1.34	%	1.15	%	2.11	%
	2014	18	11.04		203		1.14	%	1.15	%	(9.35	)%
	2013	19	12.18		229		1.51	%	1.15	%	28.67	%
	2012	18	9.47		175		2.03	%	1.15	%	18.99	%
Fidelity VIP Overseas (AnnuiChoice )
	2016	7	16.09		120		0.90	%	1.00	%	(6.21	)%
	2015	9	17.15		158		0.99	%	1.00	%	2.26	%
	2014	11	16.77		188		1.05	%	1.00	%	(9.21	)%
	2013	13	18.47		235		1.68	%	1.00	%	28.87	%
	2012	10	14.34		140		1.37	%	1.00	%	19.17	%
Fidelity VIP Overseas (GrandMaster flex3 )
	2016	8	13.92		108		1.25	%	1.55	%	(6.74	)%
	2015	8	14.92		115		1.15	%	1.55	%	1.70	%
	2014	7	14.68		105		0.98	%	1.55	%	(9.72	)%
	2013	9	16.25		140		1.44	%	1.55	%	28.15	%
	2012	9	12.68		120		1.92	%	1.55	%	18.50	%
Fidelity VIP Overseas (GrandMaster )
	2016	59	8.68		509		1.34	%	1.35	%	(6.55	)%
	2015	18	9.29		163		0.92	%	1.35	%	1.90	%
	2014	23	9.11		210		0.57	%	1.35	%	(9.53	)%
	2013	79	10.07		794		2.18	%	1.35	%	28.41	%
	2012	23	7.84		182		1.96	%	1.35	%	18.75	%
Fidelity VIP Overseas (IQ3 )
	2016	26	12.08		320		1.21	%	1.45	%	(6.64	)%
	2015	29	12.94		372		1.13	%	1.45	%	1.80	%
	2014	29	12.71		372		1.09	%	1.45	%	(9.63	)%
	2013	30	14.06		423		1.46	%	1.45	%	28.28	%
	2012	32	10.96		352		2.06	%	1.45	%	18.63	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

114

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

						Investment
		Units	Unit	Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value	(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Service Class 2 (continued):
Fidelity VIP Overseas (Pinnacle )
	2016	19	$ 14.28	$	266	1.22	%	1.35	%	(6.55	)%
	2015	23	15.28	354		1.08	%	1.35	%	1.90	%
	2014	24	15.00	367		0.89	%	1.35	%	(9.53	)%
	2013	36	16.58	597		1.67	%	1.35	%	28.41	%
	2012	28	12.91	365		1.72	%	1.35	%	18.75	%
Fidelity VIP Overseas (Pinnacle IV )
	2016	48	14.10	672		1.29	%	1.45	%	(6.64	)%
	2015	29	15.10	433		1.05	%	1.45	%	1.80	%
	2014	31	14.84	467		0.67	%	1.45	%	(9.63	)%
	2013	63	16.42	1,031		1.60	%	1.45	%	28.28	%
	2012	55	12.80	709		1.56	%	1.45	%	18.63	%
Fidelity VIP Overseas (Pinnacle Plus Reduced M&E )
	2016	9	11.25	101		1.45	%	1.15	%	(6.36	)%
	2015	6	12.02	76		2.21	%	1.15	%	2.11	%
	2014	3	11.77	38		1.55	%	1.15	%	(9.35	)%
	2013	1	12.98	8		2.67	%	1.15	%	28.67	%
Fidelity VIP Overseas (Pinnacle Plus )
	2016	8	16.97	139		1.11	%	1.67	%	(6.85	)%
	2015	9	18.22	173		1.03	%	1.67	%	1.57	%
	2014	13	17.94	238		0.82	%	1.67	%	(9.83	)%
	2013	23	19.89	462		1.61	%	1.67	%	28.00	%
	2012	22	15.54	335		2.06	%	1.67	%	18.36	%
Fidelity VIP Overseas (Pinnacle V )
	2016	98	8.37	819		1.24	%	1.55	%	(6.74	)%
	2015	95	8.97	854		1.04	%	1.55	%	1.70	%
	2014	109	8.82	965		1.05	%	1.55	%	(9.72	)%
	2013	118	9.77	1,153		1.56	%	1.55	%	28.15	%
	2012	90	7.62	686		1.91	%	1.55	%	18.50	%
Fidelity VIP Target Volatility (AnnuiChoice II )
	2016	2	10.90	18		1.60	%	1.15	%	3.85	%
	2015	1	10.49	8		1.12	%	1.15	%	(2.47	)%
Fidelity VIP Target Volatility (GrandMaster )
	2016	1	10.83	8		1.13	%	1.35	%	3.64	%
Fidelity VIP Target Volatility (Pinnacle V )
	2016	33	10.76	355		1.13	%	1.55	%	3.43	%
	2015	22	10.41	231		1.52	%	1.55	%	(2.87	)%
	2014	5	10.71	59		0.53	%	1.55	%	4.11	%
Non-Affiliated Class 1:
Columbia VIT Mid Cap Value (Advantedge )
	2016	6	15.23	91		0.00	%	1.60	%	12.32	%
	2015	2	13.56	27		0.00	%	1.60	%	(6.51	)%
	2014	3	14.50	46		0.00	%	1.60	%	10.57	%
	2013	1	13.12	7		0.00	%	1.60	%	35.67	%
	2012	1	9.67	5		0.00	%	1.60	%	16.72	%
Columbia VIT Mid Cap Value (AnnuiChoice II )
	2016	26	15.63	407		0.00	%	1.15	%	12.84	%
	2015	23	13.85	315		0.00	%	1.15	%	(6.08	)%
	2014	1	14.75	19		0.00	%	1.15	%	11.07	%
	2013	2	13.28	21		0.00	%	1.15	%	36.28	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

115

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

					Investment
		Units	Unit	Net Assets	Income		Expense		Total
Subaccount	Year	(000s)	Value	(000s)	Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 1 (continued):
Columbia VIT Mid Cap Value (Annuichoice )
	2016	*-	15.76	6	—	%	1.00	%	13.01	%
	2015	*-	13.95	5	—	%	1.00	%	(5.94	)%
	2014	*-	14.83	4	—	%	1.00	%	11.24	%
	2013	*-	13.33	4	—	%	1.00	%	36.49	%
Columbia VIT Mid Cap Value (Grandmaster flex3 )
	2016	12	15.27	187	—	%	1.55	%	12.38	%
	2015	12	13.59	165	—	%	1.55	%	(6.46	)%
	2014	15	14.53	215	—	%	1.55	%	10.62	%
	2013	16	13.13	204	—	%	1.55	%	35.73	%
	2012	1	9.68	10	—	%	1.55	%	16.78	%
Columbia VIT Mid Cap Value (Grandmaster )
	2016	*-	15.45	1	—	%	1.35	%	12.61	%
	2015	*-	13.72	1	—	%	1.35	%	(6.27	)%
	2014	3	14.64	42	—	%	1.35	%	10.85	%
	2013	*-	13.21	3	—	%	1.35	%	36.01	%
	2012	*-	9.71	*-	—	%	1.35	%	17.02	%
Columbia VIT Mid Cap Value (Pinnacle )
	2016	2	15.45	38	—	%	1.35	%	12.61	%
	2015	3	13.72	34	—	%	1.35	%	(6.27	)%
	2014	4	14.64	52	—	%	1.35	%	10.85	%
	2013	3	13.21	38	—	%	1.35	%	36.01	%
	2012	3	9.71	29	—	%	1.35	%	17.02	%
Columbia VIT Mid Cap Value (Pinnacle IV )
	2016	6	15.36	93	—	%	1.45	%	12.49	%
	2015	3	13.66	42	—	%	1.45	%	(6.36	)%
	2014	3	14.58	51	—	%	1.45	%	10.74	%
	2013	4	13.17	52	—	%	1.45	%	35.87	%
	2012	2	9.69	20	—	%	1.45	%	16.90	%
Columbia VIT Mid Cap Value (Pinnacle Plus Reduced M&E )
	2016	2	15.63	33	—	%	1.15	%	12.84	%
	2015	2	13.85	28	—	%	1.15	%	(6.08	)%
	2014	2	14.75	24	—	%	1.15	%	11.07	%
Columbia VIT Mid Cap Value (Pinnacle Plus )
	2016	9	15.17	135	—	%	1.67	%	12.24	%
	2015	12	13.51	158	—	%	1.67	%	(6.57	)%
	2014	15	14.46	223	—	%	1.67	%	10.49	%
	2013	119	13.09	1,557	—	%	1.67	%	35.57	%
	2012	10	9.66	101	—	%	1.67	%	16.64	%
Columbia VIT Mid Cap Value (Pinnacle V )
	2016	16	15.27	237	—	%	1.55	%	12.38	%
	2015	16	13.59	213	—	%	1.55	%	(6.46	)%
	2014	14	14.53	208	—	%	1.55	%	10.62	%
	2013	9	13.13	120	—	%	1.55	%	35.73	%
	2012	5	9.68	45	—	%	1.55	%	16.78	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

116

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 1 (continued):
Franklin Growth and Income VIP Fund (Pinnacle )
	2016	82	$	22.86	$	1,869	2.82	%	1.35	%	10.35	%
	2015	98	20.71		2,026		3.61	%	1.35	%	(1.96	)%
	2014	118	21.13		2,501		2.62	%	1.35	%	7.92	%
	2013	132	19.58		2,585		2.72	%	1.35	%	28.21	%
	2012	149	15.27		2,282		3.19	%	1.35	%	11.01	%
Franklin Growth and Income VIP Fund (Pinnacle II Reduced M&E )
	2016	*-	23.14		9		2.80	%	1.10	%	10.63	%
	2015	*-	20.92		8		3.34	%	1.10	%	(1.71	)%
	2014	*-	21.28		9		2.59	%	1.10	%	8.19	%
	2013	*-	19.67		9		2.76	%	1.10	%	28.53	%
	2012	*-	15.30		7		5.95	%	1.10	%	4.77	%
Franklin Income VIP Fund (Pinnacle )
	2016	162	24.35		3,936		5.05	%	1.35	%	12.79	%
	2015	188	21.58		4,056		4.77	%	1.35	%	(8.09	)%
	2014	215	23.49		5,043		5.12	%	1.35	%	3.51	%
	2013	240	22.69		5,448		6.36	%	1.35	%	12.64	%
	2012	288	20.14		5,813		6.59	%	1.35	%	11.38	%
Franklin Income VIP Fund (Pinnacle II Reduced M&E )
	2016	11	24.65		281		5.07	%	1.10	%	13.08	%
	2015	11	21.80		249		4.74	%	1.10	%	(7.86	)%
	2014	11	23.66		270		5.05	%	1.10	%	3.77	%
	2013	11	22.80		260		6.41	%	1.10	%	12.93	%
	2012	11	20.19		230		12.37	%	1.10	%	8.07	%
JP Morgan IT Mid Cap Value (AnnuiChoice )
	2016	*-	31.69		2		0.88	%	1.00	%	13.55	%
	2015	*-	27.91		2		1.04	%	1.00	%	(3.63	)%
	2014	*-	28.96		2		0.80	%	1.00	%	13.96	%
	2013	*-	25.41		2		2.16	%	1.00	%	30.98	%
	2012	*-	19.40		1		1.03	%	1.00	%	19.17	%
JP Morgan IT Mid Cap Value (GrandMaster flex3 )
	2016	3	30.36		101		0.87	%	1.55	%	12.92	%
	2015	3	26.89		94		0.94	%	1.55	%	(4.16	)%
	2014	4	28.06		116		0.83	%	1.55	%	13.32	%
	2013	5	24.76		120		2.17	%	1.55	%	30.25	%
	2012	5	19.01		94		1.05	%	1.55	%	18.50	%
JP Morgan IT Mid Cap Value (Grandmaster )
	2016	3	30.84		81		0.86	%	1.35	%	13.15	%
	2015	3	27.26		75		0.99	%	1.35	%	(3.97	)%
	2014	3	28.38		81		0.78	%	1.35	%	13.55	%
	2013	3	24.99		75		2.17	%	1.35	%	30.52	%
	2012	3	19.15		60		1.11	%	1.35	%	18.74	%
JP Morgan IT Mid Cap Value (IQ3 )
	2016	2	30.60		66		0.86	%	1.45	%	13.03	%
	2015	2	27.07		58		0.99	%	1.45	%	(4.07	)%
	2014	2	28.22		61		0.78	%	1.45	%	13.44	%
	2013	2	24.88		54		2.14	%	1.45	%	30.38	%
	2012	2	19.08		41		1.06	%	1.45	%	18.62	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

117

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 1 (continued):
JP Morgan IT Mid Cap Value (Pinnacle )
	2016	3	$	30.84	$	101	0.86	%	1.35	%	13.15	%
	2015	3	27.26		91		0.99	%	1.35	%	(3.97	)%
	2014	3	28.38		95		0.81	%	1.35	%	13.55	%
	2013	4	24.99		109		2.16	%	1.35	%	30.52	%
	2012	5	19.15		92		1.24	%	1.35	%	18.74	%
JP Morgan IT Mid Cap Value (Pinnacle IV )
	2016	13	30.60		400		0.97	%	1.45	%	13.03	%
	2015	21	27.07		575		1.00	%	1.45	%	(4.07	)%
	2014	24	28.22		684		0.78	%	1.45	%	13.44	%
	2013	27	24.88		678		2.20	%	1.45	%	30.39	%
	2012	30	19.08		570		1.23	%	1.45	%	18.62	%
JP Morgan IT Mid Cap Value (Pinnacle Plus Reduced M&E )
	2016	11	21.05		229		0.87	%	1.15	%	13.38	%
	2015	12	18.56		230		0.86	%	1.15	%	(3.77	)%
	2014	10	19.29		189		0.56	%	1.15	%	13.78	%
	2013	3	16.96		44		—	%	1.15	%	30.78	%
Morgan Stanley UIF Emerging Markets Debt (GrandMaster flex3 )
	2016	*-	24.98		5		6.08	%	1.55	%	8.84	%
	2015	*-	22.95		9		5.27	%	1.55	%	(2.65	)%
	2014	*-	23.58		10		5.46	%	1.55	%	1.33	%
	2013	*-	23.27		10		5.14	%	1.55	%	(10.16	)%
	2012	*-	25.90		11		2.85	%	1.55	%	16.13	%
Morgan Stanley UIF Emerging Markets Debt (IQ3 )
	2016	*-	24.45		*-		2.90	%	1.45	%	8.95	%
	2015	*-	22.45		1		5.29	%	1.45	%	(2.55	)%
	2014	*-	23.03		1		5.44	%	1.45	%	1.44	%
	2013	*-	22.71		1		5.14	%	1.45	%	(10.07	)%
	2012	*-	25.25		2		2.83	%	1.45	%	16.24	%
Morgan Stanley UIF Emerging Markets Debt (Pinnacle )
	2016	3	30.65		97		5.48	%	1.35	%	9.06	%
	2015	5	28.11		143		6.08	%	1.35	%	(2.45	)%
	2014	8	28.81		225		5.54	%	1.35	%	1.54	%
	2013	8	28.38		240		4.95	%	1.35	%	(9.98	)%
	2012	9	31.52		294		2.69	%	1.35	%	16.36	%
Morgan Stanley UIF Emerging Markets Debt (Pinnacle IV )
	2016	1	24.79		23		7.34	%	1.45	%	8.95	%
	2015	3	22.75		59		5.43	%	1.45	%	(2.55	)%
	2014	3	23.34		70		5.35	%	1.45	%	1.44	%
	2013	4	23.01		100		4.89	%	1.45	%	(10.07	)%
	2012	9	25.59		233		2.96	%	1.45	%	16.24	%
Morgan Stanley UIF Emerging Markets Debt (Pinnacle II Reduced M&E )
	2016	*-	31.03		15		5.53	%	1.10	%	9.34	%
	2015	*-	28.38		14		5.29	%	1.10	%	(2.20	)%
	2014	*-	29.02		14		5.47	%	1.10	%	1.80	%
	2013	*-	28.51		14		5.15	%	1.10	%	(9.75	)%
	2012	*-	31.59		15		5.30	%	1.10	%	12.76	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

118

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

					Investment
		Units	Unit	Net Assets	Income		Expense		Total
Subaccount	Year	(000s)	Value	(000s)	Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 1 (continued):
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice II )
	2016	*-	15.40	5	1.32	%	1.15	%	5.59	%
	2015	*-	14.58	5	1.34	%	1.15	%	1.00	%
	2014	*-	14.44	5	1.44	%	1.15	%	28.23	%
	2013	*-	11.26	4	1.07	%	1.15	%	0.88	%
	2012	*-	11.16	4	0.89	%	1.15	%	14.50	%
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice )
	2016	*-	36.67	1	1.33	%	1.00	%	5.75	%
	2015	*-	34.68	1	0.23	%	1.00	%	1.15	%
	2014	1	34.28	30	1.45	%	1.00	%	28.43	%
	2013	1	26.69	28	1.11	%	1.00	%	1.03	%
	2012	1	26.42	31	0.96	%	1.00	%	14.67	%
Morgan Stanley UIF U.S. Real Estate (GrandMaster flex3 )
	2016	3	33.67	111	1.34	%	1.55	%	5.16	%
	2015	4	32.01	119	1.34	%	1.55	%	0.59	%
	2014	4	31.83	123	1.43	%	1.55	%	27.71	%
	2013	4	24.92	107	1.13	%	1.55	%	0.47	%
	2012	5	24.80	116	0.82	%	1.55	%	14.03	%
Morgan Stanley UIF U.S. Real Estate (IQ3 )
	2016	2	34.14	73	1.30	%	1.45	%	5.27	%
	2015	2	32.43	75	1.34	%	1.45	%	0.69	%
	2014	2	32.21	74	1.32	%	1.45	%	27.84	%
	2013	3	25.20	81	1.12	%	1.45	%	0.57	%
	2012	3	25.05	80	0.81	%	1.45	%	14.15	%
Morgan Stanley UIF U.S. Real Estate (Pinnacle )
	2016	10	45.78	440	1.37	%	1.35	%	5.37	%
	2015	11	43.44	468	1.28	%	1.35	%	0.79	%
	2014	18	43.10	774	1.23	%	1.35	%	27.97	%
	2013	14	33.68	484	1.11	%	1.35	%	0.68	%
	2012	19	33.45	640	0.90	%	1.35	%	14.27	%
Morgan Stanley UIF U.S. Real Estate (Pinnacle IV )
	2016	15	36.58	540	1.33	%	1.45	%	5.27	%
	2015	22	34.75	777	1.36	%	1.45	%	0.69	%
	2014	41	34.52	1,415	1.45	%	1.45	%	27.84	%
	2013	48	27.00	1,286	1.12	%	1.45	%	0.58	%
	2012	50	26.84	1,338	0.90	%	1.45	%	14.15	%
Non-Affiliated Class 2:
American Funds Managed Risk Asset Allocation (AdvantEdge )
	2016	6	10.68	68	1.32	%	1.60	%	5.56	%
	2015	6	10.12	65	0.45	%	1.60	%	(2.65	)%
American Funds Managed Risk Asset Allocation (AnnuiChoice )
	2016	*-	10.88	*-	1.07	%	1.00	%	6.20	%
	2015	*-	10.25	*-	1.06	%	1.00	%	(2.06	)%
	2014	*-	10.46	*-	—	%	1.00	%	1.88	%
American Funds Managed Risk Asset Allocation (AnnuiChoice II )
	2016	12	10.83	133	1.29	%	1.15	%	6.04	%
	2015	10	10.22	98	1.43	%	1.15	%	(2.21	)%
	2014	7	10.45	70	0.12	%	1.15	%	1.73	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

119

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
American Funds Managed Risk Asset Allocation (GrandMaster flex3 )
	2016	*-	$	10.70	$	5	1.31	%	1.55	%	5.61	%
	2015	1	$	10.13	$	5	1.66	%	1.55	%	(2.60	)%
	2014	*-	10.40		2		0.12	%	1.55	%	1.31	%
American Funds Managed Risk Asset Allocation (Pinnacle )
	2016	1	10.77		10		1.36	%	1.35	%	5.83	%
	2015	*-	10.17		1		0.20	%	1.35	%	(2.41	)%
	2014	1	10.43		10		0.07	%	1.35	%	1.52	%
American Funds Managed Risk Asset Allocation (Pinnacle IV )
	2016	3	10.73		29		1.37	%	1.45	%	5.72	%
	2015	1	10.15		13		1.50	%	1.45	%	(2.50	)%
	2014	2	10.41		20		0.10	%	1.45	%	1.42	%
American Funds Managed Risk Asset Allocation (Pinnacle V )
	2016	146	10.70		1,558		1.38	%	1.55	%	5.61	%
	2015	134	10.13		1,360		1.59	%	1.55	%	(2.60	)%
	2014	75	10.40		781		0.14	%	1.55	%	1.31	%
Columbia VIT Small Cap Value Class 2 (AdvantEdge )
	2016	5	25.32		123		0.34	%	1.60	%	30.62	%
	2015	9	19.39		165		0.59	%	1.60	%	(7.82	)%
	2014	11	21.03		235		0.34	%	1.60	%	1.40	%
	2013	17	20.74		352		1.04	%	1.60	%	31.90	%
	2012	16	15.72		252		4.36	%	1.60	%	9.47	%
Columbia VIT Small Cap Value Class 2 (AnnuiChoice II )
	2016	10	26.23		270		0.43	%	1.15	%	31.22	%
	2015	5	19.99		109		0.59	%	1.15	%	(7.39	)%
	2014	4	21.58		89		0.49	%	1.15	%	1.87	%
	2013	2	21.19		41		0.89	%	1.15	%	32.50	%
	2012	1	15.99		18		3.81	%	1.15	%	9.97	%
Columbia VIT Small Cap Value Class 2 (Grandmaster flex3 )
	2016	1	25.42		19		0.39	%	1.55	%	30.69	%
	2015	1	19.45		14		0.57	%	1.55	%	(7.77	)%
	2014	1	21.09		16		0.51	%	1.55	%	1.45	%
	2013	*-	20.79		3		1.02	%	1.55	%	31.96	%
	2012	*-	15.75		2		9.40	%	1.55	%	9.52	%
Columbia VIT Small Cap Value Class 2 (Grandmaster )
	2016	2	25.82		52		0.39	%	1.35	%	30.95	%
	2015	2	19.72		46		0.55	%	1.35	%	(7.58	)%
	2014	2	21.34		43		0.47	%	1.35	%	1.66	%
	2013	2	20.99		34		1.03	%	1.35	%	32.23	%
	2012	1	15.87		24		2.31	%	1.35	%	9.75	%
Columbia VIT Small Cap Value Class 2 (Pinnacle Plus )
	2016	5	25.19		114		0.40	%	1.67	%	30.53	%
	2015	4	19.30		86		0.55	%	1.67	%	(7.88	)%
	2014	5	20.95		102		0.46	%	1.67	%	1.33	%
	2013	5	20.67		107		1.05	%	1.67	%	31.80	%
	2012	6	15.68		95		6.21	%	1.67	%	9.39	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

120

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Columbia VIT Small Cap Value Class 2 (Pinnacle )
	2016	1	$	25.82	$	15	0.31	%	1.35	%	30.95	%
	2015	1	19.72		12		0.49	%	1.35	%	(7.58	)%
	2014	*-	21.34		7		0.47	%	1.35	%	1.66	%
	2013	*-	20.99		7		54.78	%	1.35	%	32.23	%
	2012	*-	15.87		4		3.95	%	1.35	%	9.75	%
Columbia VIT Small Cap Value Class 2 (Pinnacle IV )
	2016	3	25.62		74		0.36	%	1.45	%	30.82	%
	2015	2	19.59		37		0.57	%	1.45	%	(7.68	)%
	2014	2	21.21		42		0.44	%	1.45	%	1.56	%
	2013	2	20.89		49		0.40	%	1.45	%	32.10	%
	2012	*-	15.81		6		1.37	%	1.45	%	9.63	%
Columbia VIT Small Cap Value Class 2 (Pinnacle V )
	2016	23	25.42		593		0.40	%	1.55	%	30.69	%
	2015	27	19.45		527		0.61	%	1.55	%	(7.77	)%
	2014	19	21.09		404		0.50	%	1.55	%	1.45	%
	2013	13	20.79		267		0.88	%	1.55	%	31.96	%
	2012	6	15.75		90		4.42	%	1.55	%	9.52	%
Franklin Growth and Income VIP Fund (AdvantEdge )
	2016	8	15.61		129		2.61	%	1.60	%	9.84	%
	2015	9	14.21		130		3.37	%	1.60	%	(2.49	)%
	2014	10	14.58		147		2.39	%	1.60	%	7.39	%
	2013	11	13.57		147		2.61	%	1.60	%	27.53	%
	2012	12	10.64		126		3.00	%	1.60	%	10.43	%
Franklin Growth and Income VIP Fund (AnnuiChoice II )
	2016	22	16.03		351		2.67	%	1.15	%	10.34	%
	2015	24	14.52		355		3.46	%	1.15	%	(2.05	)%
	2014	18	14.83		263		2.19	%	1.15	%	7.88	%
	2013	12	13.74		165		2.49	%	1.15	%	28.12	%
	2012	12	10.73		126		3.46	%	1.15	%	10.94	%
Franklin Growth and Income VIP Fund (AnnuiChoice )
	2016	8	23.18		187		2.59	%	1.00	%	10.51	%
	2015	8	20.98		165		3.41	%	1.00	%	(1.90	)%
	2014	9	21.39		189		2.52	%	1.00	%	8.05	%
	2013	10	19.79		207		4.23	%	1.00	%	28.31	%
	2012	59	15.43		914		2.99	%	1.00	%	11.10	%
Franklin Growth and Income VIP Fund (GrandMaster flex3 )
	2016	10	21.45		208		2.61	%	1.55	%	9.89	%
	2015	13	19.52		260		3.50	%	1.55	%	(2.44	)%
	2014	15	20.01		304		2.63	%	1.55	%	7.45	%
	2013	20	18.62		371		1.83	%	1.55	%	27.60	%
	2012	33	14.59		475		2.56	%	1.55	%	10.48	%
Franklin Growth and Income VIP Fund (Grandmaster )
	2016	34	22.06		743		2.63	%	1.35	%	10.12	%
	2015	36	20.04		712		3.37	%	1.35	%	(2.25	)%
	2014	37	20.50		754		2.31	%	1.35	%	7.66	%
	2013	64	19.04		1,217		2.25	%	1.35	%	27.86	%
	2012	52	14.89		777		2.70	%	1.35	%	10.71	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

121

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Franklin Growth and Income VIP Fund (IQ Annuity )
	2016	33	$	21.75	$	724	2.62	%	1.45	%	10.00	%
	2015	36	19.78		713		3.59	%	1.45	%	(2.35	)%
	2014	43	20.25		865		2.43	%	1.45	%	7.55	%
	2013	48	18.83		897		2.51	%	1.45	%	27.73	%
	2012	49	14.74		719		2.99	%	1.45	%	10.60	%
Franklin Growth and Income VIP Fund (Pinnacle )
	2016	61	13.69		832		2.56	%	1.35	%	10.12	%
	2015	57	12.43		710		3.28	%	1.35	%	(2.25	)%
	2014	63	12.72		801		2.34	%	1.35	%	7.66	%
	2013	70	11.81		824		2.65	%	1.35	%	27.86	%
	2012	78	9.24		721		2.95	%	1.35	%	10.71	%
Franklin Growth and Income VIP Fund (Pinnacle IV )
	2016	65	21.75		1,407		2.55	%	1.45	%	10.01	%
	2015	82	19.78		1,612		3.43	%	1.45	%	(2.34	)%
	2014	94	20.25		1,911		2.37	%	1.45	%	7.55	%
	2013	126	18.83		2,381		2.50	%	1.45	%	27.73	%
	2012	162	14.74		2,387		3.22	%	1.45	%	10.60	%
Franklin Growth and Income VIP Fund (Pinnacle II Reduced M&E )
	2016	*-	13.86		*-		—	%	1.10	%	10.40	%
	2015	*-	12.55		*-		0.34	%	1.10	%	(2.00	)%
	2014	*-	12.81		1		2.31	%	1.10	%	7.94	%
	2013	*-	11.87		1		2.62	%	1.10	%	28.18	%
	2012	*-	9.26		1		5.59	%	1.10	%	4.57	%
Franklin Growth and Income VIP Fund (Pinnacle Plus Reduced M&E )
	2016	22	17.95		393		2.59	%	1.15	%	10.34	%
	2015	19	16.27		305		2.93	%	1.15	%	(2.05	)%
	2014	11	16.61		188		2.81	%	1.15	%	7.88	%
	2013	11	15.39		167		—	%	1.15	%	28.12	%
Franklin Growth and Income VIP Fund (Pinnacle Plus )
	2016	4	20.21		73		2.76	%	1.67	%	9.76	%
	2015	9	18.42		168		3.76	%	1.67	%	(2.56	)%
	2014	20	18.90		385		2.47	%	1.67	%	7.31	%
	2013	40	17.61		696		2.65	%	1.67	%	27.44	%
	2012	47	13.82		644		3.03	%	1.67	%	10.35	%
Franklin Growth and Income VIP Fund (Pinnacle V )
	2016	77	13.12		1,006		2.58	%	1.55	%	9.89	%
	2015	82	11.94		981		3.33	%	1.55	%	(2.44	)%
	2014	90	12.24		1,100		2.38	%	1.55	%	7.45	%
	2013	106	11.39		1,213		2.34	%	1.55	%	27.60	%
	2012	95	8.93		845		3.03	%	1.55	%	10.48	%
Franklin Income VIP Fund (AdvantEdge )
	2016	20	14.10		283		4.90	%	1.60	%	12.20	%
	2015	18	12.57		227		5.15	%	1.60	%	(8.54	)%
	2014	27	13.75		370		4.62	%	1.60	%	2.94	%
	2013	22	13.35		295		5.55	%	1.60	%	12.12	%
	2012	18	11.91		214		6.48	%	1.60	%	10.84	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

122

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Franklin Income VIP Fund (AnnuiChoice II )
	2016	51	$	15.40	$	791	4.97	%	1.15	%	12.71	%
	2015	56	13.66		760		4.61	%	1.15	%	(8.12	)%
	2014	46	14.87		679		4.78	%	1.15	%	3.41	%
	2013	37	14.38		530		6.20	%	1.15	%	12.63	%
	2012	31	12.77		394		6.49	%	1.15	%	11.35	%
Franklin Income VIP Fund (AnnuiChoice )
	2016	6	24.70		156		4.95	%	1.00	%	12.88	%
	2015	6	21.88		139		4.72	%	1.00	%	(7.98	)%
	2014	7	23.78		172		5.52	%	1.00	%	3.57	%
	2013	9	22.96		211		6.86	%	1.00	%	12.80	%
	2012	13	20.35		255		6.25	%	1.00	%	11.52	%
Franklin Income VIP Fund (GrandMaster flex3 )
	2016	38	22.85		872		4.77	%	1.55	%	12.26	%
	2015	50	20.35		1,017		4.69	%	1.55	%	(8.49	)%
	2014	57	22.24		1,270		5.04	%	1.55	%	3.00	%
	2013	71	21.60		1,534		6.23	%	1.55	%	12.18	%
	2012	75	19.25		1,440		5.87	%	1.55	%	10.90	%
Franklin Income VIP Fund (Grandmaster )
	2016	29	23.51		678		5.13	%	1.35	%	12.49	%
	2015	32	20.90		677		4.70	%	1.35	%	(8.31	)%
	2014	41	22.79		945		5.96	%	1.35	%	3.20	%
	2013	43	22.08		953		6.56	%	1.35	%	12.40	%
	2012	62	19.65		1,220		5.74	%	1.35	%	11.13	%
Franklin Income VIP Fund (IQ Annuity )
	2016	42	23.17		968		4.93	%	1.45	%	12.37	%
	2015	47	20.62		959		4.56	%	1.45	%	(8.40	)%
	2014	51	22.51		1,144		5.04	%	1.45	%	3.10	%
	2013	51	21.84		1,105		6.35	%	1.45	%	12.29	%
	2012	56	19.45		1,095		5.99	%	1.45	%	11.01	%
Franklin Income VIP Fund (Pinnacle IV )
	2016	76	23.17		1,767		4.91	%	1.45	%	12.37	%
	2015	90	20.62		1,863		4.61	%	1.45	%	(8.40	)%
	2014	108	22.51		2,439		5.16	%	1.45	%	3.10	%
	2013	155	21.84		3,388		6.86	%	1.45	%	12.29	%
	2012	194	19.45		3.773		6.58	%	1.45	%	11.01	%
Franklin Income VIP Fund (Pinnacle Plus Reduced M&E )
	2016	26	13.97		363		5.33	%	1.15	%	12.71	%
	2015	32	12.40		391		4.33	%	1.15	%	(8.12	)%
	2014	22	13.49		297		4.99	%	1.15	%	3.41	%
	2013	16	13.05		210		0.82	%	1.15	%	12.63	%
	2012	1	11.58		14		—	%	1.15	%	11.35	%
Franklin Income VIP Fund (Pinnacle Plus )
	2016	5	19.98		108		4.57	%	1.67	%	12.12	%
	2015	12	17.82		209		4.69	%	1.67	%	(8.61	)%
	2014	31	19.49		609		8.62	%	1.67	%	2.87	%
	2013	50	18.95		941		7.38	%	1.67	%	12.04	%
	2012	59	16.91		996		6.36	%	1.67	%	10.76	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

123

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Franklin Income VIP Fund (Pinnacle V )
	2016	631	$	13.01	$	8,204	4.95	%	1.55	%	12.26	%
	2015	652	11.59		7,560		4.67	%	1.55	%	(8.49	)%
	2014	574	12.66		7,262		4.75	%	1.55	%	3.00	%
	2013	383	12.29		4,713		6.51	%	1.55	%	12.18	%
	2012	276	10.96		3,022		6.23	%	1.55	%	10.90	%
Franklin Large Cap Growth VIP Fund (AdvantEdge )
	2016	9	14.68		139		—	%	1.60	%	(3.36	)%
	2015	11	15.19		168		0.29	%	1.60	%	3.94	%
	2014	14	14.61		203		1.08	%	1.60	%	10.66	%
	2013	16	13.20		217		0.96	%	1.60	%	26.58	%
	2012	15	10.43		158		1.04	%	1.60	%	10.57	%
Franklin Large Cap Growth VIP Fund (AnnuiChoice II )
	2016	15	16.11		238		—	%	1.15	%	(2.92	)%
	2015	15	16.60		255		0.26	%	1.15	%	4.41	%
	2014	14	15.89		230		1.00	%	1.15	%	11.17	%
	2013	12	14.30		177		1.01	%	1.15	%	27.16	%
	2012	11	11.24		129		0.84	%	1.15	%	11.07	%
Franklin Large Cap Growth VIP Fund (AnnuiChoice )
	2016	3	21.31		53		—	%	1.00	%	(2.77	)%
	2015	2	21.91		47		0.30	%	1.00	%	4.57	%
	2014	4	20.96		78		1.07	%	1.00	%	11.34	%
	2013	4	18.82		69		0.68	%	1.00	%	27.35	%
	2012	3	14.78		44		0.79	%	1.00	%	11.24	%
Franklin Large Cap Growth VIP Fund (GrandMaster flex3 )
	2016	3	19.71		57		—	%	1.55	%	(3.31	)%
	2015	2	20.39		45		0.29	%	1.55	%	3.99	%
	2014	1	19.60		10		1.27	%	1.55	%	10.72	%
	2013	1	17.71		13		1.08	%	1.55	%	26.64	%
	2012	1	13.98		11		1.16	%	1.55	%	10.62	%
Franklin Large Cap Growth VIP Fund (Grandmaster )
	2016	2	20.28		48		—	%	1.35	%	(3.12	)%
	2015	2	20.93		41		0.28	%	1.35	%	4.20	%
	2014	2	20.09		37		0.50	%	1.35	%	10.94	%
	2013	38	18.10		695		0.13	%	1.35	%	26.90	%
	2012	3	14.27		38		0.93	%	1.35	%	10.85	%
Franklin Large Cap Growth VIP Fund (IQ Annuity )
	2016	10	19.99		190		—	%	1.45	%	(3.22	)%
	2015	10	20.66		198		0.32	%	1.45	%	4.09	%
	2014	15	19.84		301		1.10	%	1.45	%	10.83	%
	2013	12	17.90		215		0.93	%	1.45	%	26.77	%
	2012	10	14.12		146		0.87	%	1.45	%	10.74	%
Franklin Large Cap Growth VIP Fund (Pinnacle )
	2016	6	20.28		128		—	%	1.35	%	(3.12	)%
	2015	5	20.93		113		0.28	%	1.35	%	4.20	%
	2014	6	20.09		126		0.82	%	1.35	%	10.94	%
	2013	17	18.10		302		0.65	%	1.35	%	26.90	%
	2012	10	14.27		139		1.15	%	1.35	%	10.85	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

124

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Franklin Large Cap Growth VIP Fund (Pinnacle IV )
	2016	24	$	19.99	$	476	—	%	1.45	%	(3.22	)%
	2015	29	20.66		592		0.28	%	1.45	%	4.09	%
	2014	30	19.84		601		1.04	%	1.45	%	10.83	%
	2013	49	17.90		873		0.84	%	1.45	%	26.77	%
	2012	51	14.12		726		0.93	%	1.45	%	10.74	%
Franklin Large Cap Growth VIP Fund (Pinnacle Plus Reduced M&E )
	2016	6	16.34		91		—	%	1.15	%	(2.92	)%
	2015	5	16.84		83		0.27	%	1.15	%	4.41	%
	2014	5	16.13		75		1.13	%	1.15	%	11.17	%
	2013	*-	14.51		5		—	%	1.15	%	27.16	%
Franklin Large Cap Growth VIP Fund (Pinnacle Plus )
	2016	5	17.69		87		—	%	1.67	%	(3.43	)%
	2015	7	18.32		127		0.27	%	1.67	%	3.86	%
	2014	8	17.64		142		1.03	%	1.67	%	10.58	%
	2013	25	15.95		399		0.85	%	1.67	%	26.49	%
	2012	18	12.61		227		0.88	%	1.67	%	10.49	%
Franklin Large Cap Growth VIP Fund (Pinnacle V )
	2016	52	13.10		682		—	%	1.55	%	(3.31	)%
	2015	75	13.55		1,021		0.26	%	1.55	%	3.99	%
	2014	77	13.03		998		1.07	%	1.55	%	10.72	%
	2013	88	11.77		1,032		0.96	%	1.55	%	26.64	%
	2012	84	9.29		778		0.87	%	1.55	%	10.62	%
Franklin Mutual Shares VIP Fund (AdvantEdge )
	2016	97	14.02		1,366		1.91	%	1.60	%	14.20	%
	2015	118	12.28		1,447		3.01	%	1.60	%	(6.46	)%
	2014	131	13.12		1,725		1.89	%	1.60	%	5.41	%
	2013	144	12.45		1,788		2.11	%	1.60	%	26.21	%
	2012	138	9.86		1,359		2.07	%	1.60	%	12.41	%
Franklin Mutual Shares VIP Fund (AnnuiChoice II )
	2016	65	15.04		974		2.02	%	1.15	%	14.72	%
	2015	59	13.11		773		3.14	%	1.15	%	(6.03	)%
	2014	47	13.95		658		2.19	%	1.15	%	5.89	%
	2013	26	13.17		338		2.01	%	1.15	%	26.79	%
	2012	18	10.39		185		2.14	%	1.15	%	12.92	%
Franklin Mutual Shares VIP Fund (AnnuiChoice )
	2016	9	24.67		232		2.03	%	1.00	%	14.90	%
	2015	9	21.47		203		3.17	%	1.00	%	(5.89	)%
	2014	11	22.81		243		1.97	%	1.00	%	6.05	%
	2013	11	21.51		246		1.62	%	1.00	%	26.98	%
	2012	20	16.94		338		2.20	%	1.00	%	13.10	%
Franklin Mutual Shares VIP Fund (GrandMaster flex3 )
	2016	23	22.82		526		1.90	%	1.55	%	14.26	%
	2015	32	19.97		630		3.05	%	1.55	%	(6.41	)%
	2014	35	21.34		737		1.99	%	1.55	%	5.46	%
	2013	43	20.23		880		2.10	%	1.55	%	26.28	%
	2012	51	16.02		812		1.82	%	1.55	%	12.47	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

125

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Franklin Mutual Shares VIP Fund (IQ Advisor Standard )
	2016	1	$	21.10	$	13	2.02	%	0.60	%	15.36	%
	2015	1	18.29		11		3.11	%	0.60	%	(5.51	)%
	2014	1	19.36		12		2.03	%	0.60	%	6.48	%
	2013	1	18.18		11		1.74	%	0.60	%	27.49	%
	2012	1	14.26		13		2.09	%	0.60	%	13.56	%
Franklin Mutual Shares VIP Fund (IQ Annuity )
	2016	12	23.15		269		2.05	%	1.45	%	14.38	%
	2015	14	20.24		281		3.12	%	1.45	%	(6.31	)%
	2014	14	21.60		300		2.05	%	1.45	%	5.57	%
	2013	14	20.46		296		1.97	%	1.45	%	26.40	%
	2012	19	16.19		308		2.09	%	1.45	%	12.58	%
Franklin Mutual Shares VIP Fund (Pinnacle )
	2016	22	23.48		507		1.97	%	1.35	%	14.49	%
	2015	24	20.50		489		3.03	%	1.35	%	(6.22	)%
	2014	26	21.86		566		1.94	%	1.35	%	5.68	%
	2013	29	20.69		591		1.63	%	1.35	%	26.53	%
	2012	48	16.35		792		1.99	%	1.35	%	12.70	%
Franklin Mutual Shares VIP Fund (Pinnacle IV )
	2016	41	23.15		956		1.97	%	1.45	%	14.38	%
	2015	50	20.24		1,011		3.08	%	1.45	%	(6.31	)%
	2014	55	21.60		1,179		1.92	%	1.45	%	5.57	%
	2013	92	20.46		1,891		2.19	%	1.45	%	26.40	%
	2012	111	16.19		1,791		2.02	%	1.45	%	12.58	%
Franklin Mutual Shares VIP Fund (Pinnacle Plus Reduced M&E )
	2016	16	16.56		268		2.15	%	1.15	%	14.72	%
	2015	15	14.43		222		3.44	%	1.15	%	(6.03	)%
	2014	6	15.36		86		2.32	%	1.15	%	5.89	%
	2013	5	14.51		70		—	%	1.15	%	26.79	%
Franklin Mutual Shares VIP Fund (Pinnacle Plus )
	2016	3	20.64		59		1.30	%	1.67	%	14.12	%
	2015	9	18.09		155		2.88	%	1.67	%	(6.52	)%
	2014	22	19.35		417		2.52	%	1.67	%	5.33	%
	2013	101	18.37		1,859		3.35	%	1.67	%	26.12	%
	2012	46	14.56		676		2.02	%	1.67	%	12.33	%
Franklin Mutual Shares VIP Fund (Pinnacle V )
	2016	373	12.36		4,615		2.05	%	1.55	%	14.26	%
	2015	378	10.82		4,093		3.22	%	1.55	%	(6.41	)%
	2014	347	11.56		4,015		2.08	%	1.55	%	5.46	%
	2013	310	10.96		3,401		2.06	%	1.55	%	26.28	%
	2012	307	8.68		2,667		2.10	%	1.55	%	12.47	%
Franklin Mutual Shares VIP Fund(Grandmaster )
	2016	14	23.48		322		1.98	%	1.35	%	14.49	%
	2015	15	20.50		312		3.15	%	1.35	%	(6.22	)%
	2014	21	21.86		464		2.02	%	1.35	%	5.68	%
	2013	23	20.69		468		1.25	%	1.35	%	26.53	%
	2012	71	16.35		1,157		2.35	%	1.35	%	12.70	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

126

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Franklin Small Cap Value VIP Fund (AdvantEdge )
	2016	9	$	18.86	$	165	0.71	%	1.60	%	28.11	%
	2015	6	14.72		82		0.63	%	1.60	%	(8.87	)%
	2014	5	16.16		77		0.62	%	1.60	%	(1.04	)%
	2013	6	16.33		105		2.97	%	1.60	%	34.06	%
	2012	7	12.18		90		0.75	%	1.60	%	16.49	%
Franklin Small Cap Value VIP Fund (Annuichoice II )
	2016	5	16.74		79		0.82	%	1.15	%	28.69	%
	2015	4	13.00		53		0.65	%	1.15	%	(8.45	)%
	2014	3	14.21		39		0.62	%	1.15	%	(0.58	)%
	2013	3	14.29		49		2.62	%	1.15	%	34.67	%
	2012	3	10.61		33		0.74	%	1.15	%	17.02	%
Franklin Small Cap Value VIP Fund (Grandmaster )
	2016	9	16.41		145		0.77	%	1.35	%	28.43	%
	2015	8	12.78		99		0.74	%	1.35	%	(8.64	)%
	2014	11	13.99		157		0.64	%	1.35	%	(0.79	)%
	2013	16	14.10		220		5.08	%	1.35	%	34.40	%
	2012	65	10.49		686		0.75	%	1.35	%	16.78	%
Franklin Small Cap Value VIP Fund (Grandmaster flex3 )
	2016	1	16.09		19		0.85	%	1.55	%	28.17	%
	2015	2	12.55		22		0.66	%	1.55	%	(8.82	)%
	2014	2	13.77		22		0.55	%	1.55	%	(0.99	)%
	2013	3	13.91		47		3.56	%	1.55	%	34.13	%
	2012	7	10.37		72		0.75	%	1.55	%	16.55	%
Franklin Small Cap Value VIP Fund (IQ Annuity )
	2016	5	16.25		83		0.82	%	1.45	%	28.30	%
	2015	6	12.67		76		0.83	%	1.45	%	(8.73	)%
	2014	14	13.88		196		0.60	%	1.45	%	(0.89	)%
	2013	11	14.00		151		2.14	%	1.45	%	34.27	%
	2012	12	10.43		125		0.77	%	1.45	%	16.66	%
Franklin Small Cap Value VIP Fund (Pinnacle Plus Reduced M&E )
	2016	*-	19.82		10		0.93	%	1.15	%	28.69	%
	2015	1	15.40		10		0.72	%	1.15	%	(8.45	)%
	2014	*-	16.82		8		0.93	%	1.15	%	(0.58	)%
Franklin Small Cap Value VIP Fund (Pinnacle Plus )
	2016	4	15.90		62		0.81	%	1.67	%	28.02	%
	2015	4	12.42		48		0.54	%	1.67	%	(8.93	)%
	2014	5	13.64		69		0.61	%	1.67	%	(1.11	)%
	2013	18	13.79		254		3.79	%	1.67	%	33.97	%
	2012	24	10.30		247		0.85	%	1.67	%	16.40	%
Franklin Small Cap Value VIP Fund (Pinnacle )
	2016	7	16.41		120		0.90	%	1.35	%	28.43	%
	2015	10	12.78		131		0.64	%	1.35	%	(8.64	)%
	2014	12	13.99		172		0.61	%	1.35	%	(0.79	)%
	2013	12	14.10		172		3.44	%	1.35	%	34.40	%
	2012	31	10.49		330		0.85	%	1.35	%	16.78	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

127

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Franklin Small Cap Value VIP Fund (Pinnacle IV )
	2016	9	$	16.25	$	143	0.79	%	1.45	%	28.30	%
	2015	10	12.67		121		0.65	%	1.45	%	(8.73	)%
	2014	10	13.88		141		0.52	%	1.45	%	(0.89	)%
	2013	39	14.00		548		3.28	%	1.45	%	34.27	%
	2012	76	10.43		788		0.83	%	1.45	%	16.66	%
Franklin Small Cap Value VIP Fund (Pinnacle V )
	2016	28	16.05		455		0.80	%	1.55	%	28.17	%
	2015	23	12.52		283		0.63	%	1.55	%	(8.82	)%
	2014	27	13.74		375		0.58	%	1.55	%	(0.99	)%
	2013	27	13.87		379		2.94	%	1.55	%	34.13	%
	2012	33	10.34		339		0.80	%	1.55	%	16.55	%
Invesco VI American Franchise (AdvantEdge )
	2016	1	16.70		14		—	%	1.60	%	0.39	%
	2015	1	16.64		13		—	%	1.60	%	3.08	%
	2014	1	16.14		13		—	%	1.60	%	6.44	%
	2013	1	15.17		13		0.24	%	1.60	%	37.56	%
	2012	1	11.02		12		—	%	1.60	%	11.58	%
Invesco VI American Franchise (AnnuiChoice II )
	2016	1	19.37		15		—	%	1.15	%	0.84	%
	2015	2	19.20		35		—	%	1.15	%	3.55	%
	2014	1	18.55		17		—	%	1.15	%	6.93	%
	2013	1	17.34		11		0.24	%	1.15	%	38.19	%
	2012	1	12.55		9		—	%	1.15	%	12.09	%
Invesco VI American Franchise (GrandMaster flex3 )
	2016	1	23.20		13		—	%	1.55	%	0.44	%
	2015	1	23.10		13		—	%	1.55	%	3.13	%
	2014	1	22.40		13		—	%	1.55	%	6.49	%
Invesco VI American Franchise (Grandmaster )
	2016	*-	23.87		6		—	%	1.35	%	0.64	%
	2015	*-	23.72		6		—	%	1.35	%	3.34	%
	2014	*-	22.95		5		—	%	1.35	%	6.71	%
	2013	1	21.51		22		0.24	%	1.35	%	37.91	%
	2012	1	15.60		16		—	%	1.35	%	11.86	%
Invesco VI American Franchise (Pinnacle Plus Reduced M&E )
	2016	1	17.06		9		—	%	1.15	%	0.84	%
	2014	*-	16.34		2		—	%	1.15	%	6.93	%
Invesco VI American Franchise (Pinnacle Plus )
	2016	1	20.23		19		—	%	1.67	%	0.31	%
	2015	2	20.17		31		—	%	1.67	%	3.00	%
	2014	5	19.58		106		—	%	1.67	%	6.36	%
	2013	3	18.41		48		0.23	%	1.67	%	37.46	%
	2012	3	13.39		42		—	%	1.67	%	11.50	%
Invesco VI American Franchise (Pinnacle )
	2016	*-	23.87		4		—	%	1.35	%	0.64	%
	2015	1	23.72		17		—	%	1.35	%	3.34	%
	2014	1	22.95		21		—	%	1.35	%	6.71	%
	2013	1	21.51		21		4.16	%	1.35	%	37.91	%
	2012	1	15.60		16		—	%	1.35	%	11.86	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

128

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Invesco VI American Franchise (Pinnacle IV )
	2016	5	$	23.53	$	123	—	%	1.45	%	0.54	%
	2015	6	23.41		142		—	%	1.45	%	3.23	%
	2014	7	22.68		152		—	%	1.45	%	6.60	%
	2013	8	21.27		166		0.23	%	1.45	%	37.77	%
	2012	9	15.44		145		—	%	1.45	%	11.75	%
Invesco VI American Franchise (Pinnacle V )
	2016	5	16.11		82		—	%	1.55	%	0.44	%
	2015	4	16.04		63		—	%	1.55	%	3.13	%
	2014	8	15.56		124		—	%	1.55	%	6.49	%
	2013	8	14.61		121		0.24	%	1.55	%	37.63	%
	2012	9	10.61		91		—	%	1.55	%	11.63	%
Invesco VI American Value (AdvantEdge )
	2016	9	16.45		148		0.12	%	1.60	%	13.38	%
	2015	20	14.51		297		0.01	%	1.60	%	(10.81	)%
	2014	25	16.27		399		0.18	%	1.60	%	7.73	%
	2013	37	15.10		565		0.60	%	1.60	%	31.79	%
	2012	34	11.46		384		0.66	%	1.60	%	15.19	%
Invesco VI American Value (AnnuiChoice II )
	2016	33	17.11		573		0.12	%	1.15	%	13.89	%
	2015	25	15.03		378		0.01	%	1.15	%	(10.40	)%
	2014	13	16.77		210		0.25	%	1.15	%	8.22	%
	2013	6	15.50		87		0.57	%	1.15	%	32.39	%
	2012	6	11.70		69		0.72	%	1.15	%	15.72	%
Invesco VI American Value (AnnuiChoice )
	2016	*-	17.34		3		0.12	%	1.00	%	14.07	%
	2015	*-	15.20		2		—	%	1.00	%	(10.26	)%
	2014	*-	16.94		3		0.05	%	1.00	%	8.38	%
	2013	1	15.63		18		1.01	%	1.00	%	32.59	%
Invesco VI American Value (Grandmaster flex3 )
	2016	2	16.52		34		0.12	%	1.55	%	13.43	%
	2015	2	14.57		30		—	%	1.55	%	(10.76	)%
	2013	1	15.14		9		0.33	%	1.55	%	31.86	%
	2012	2	11.48		19		1.23	%	1.55	%	15.25	%
Invesco VI American Value (IQ Annuity )
	2016	2	16.67		33		0.19	%	1.45	%	13.55	%
	2015	1	14.68		13		—	%	1.45	%	(10.67	)%
	2014	7	16.43		112		0.13	%	1.45	%	7.89	%
	2013	2	15.23		35		0.66	%	1.45	%	31.99	%
	2012	2	11.54		18		0.78	%	1.45	%	15.37	%
Invesco VI American Value (Pinnacle Plus Reduced M&E )
	2016	1	18.20		16		0.13	%	1.15	%	13.89	%
	2015	1	15.98		22		0.01	%	1.15	%	(10.40	)%
	2014	2	17.84		33		0.31	%	1.15	%	8.22	%
	2013	*-	16.48		7		0.51	%	1.15	%	32.39	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

129

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Invesco VI American Value (Pinnacle Plus )
	2016	8	$	16.35	$	138	0.12	%	1.67	%	13.30	%
	2015	9	14.43		125		—	%	1.67	%	(10.87	)%
	2014	16	16.19		253		0.10	%	1.67	%	7.65	%
	2013	119	15.04		1,791		0.59	%	1.67	%	31.70	%
	2012	120	11.42		1,371		1.48	%	1.67	%	15.11	%
Invesco VI American Value II (Pinnacle V )
	2016	54	16.52		889		0.13	%	1.55	%	13.43	%
	2015	42	14.57		613		0.01	%	1.55	%	(10.76	)%
	2014	27	16.32		444		0.22	%	1.55	%	7.78	%
	2013	25	15.14		379		0.59	%	1.55	%	31.86	%
	2012	21	11.48		243		0.63	%	1.55	%	15.25	%
Invesco VI American Value II (Pinnacle )
	2016	2	16.82		26		0.16	%	1.35	%	13.66	%
	2015	2	14.79		25		0.01	%	1.35	%	(10.58	)%
	2014	1	16.54		21		0.23	%	1.35	%	8.00	%
	2013	5	15.32		75		0.51	%	1.35	%	32.13	%
	2012	*-	11.59		3		0.39	%	1.35	%	15.49	%
Invesco VI American Value II (Pinnacle IV )
	2016	1	16.67		23		0.10	%	1.45	%	13.55	%
	2015	3	14.68		37		0.01	%	1.45	%	(10.67	)%
	2014	4	16.43		68		0.25	%	1.45	%	7.89	%
	2013	9	15.23		140		0.83	%	1.45	%	31.99	%
	2012	1	11.54		8		0.52	%	1.45	%	15.37	%
Invesco VI Comstock (AdvantEdge )
	2016	11	16.39		176		1.23	%	1.60	%	15.12	%
	2015	14	14.24		203		1.71	%	1.60	%	(7.69	)%
	2014	15	15.43		228		1.10	%	1.60	%	7.36	%
	2013	14	14.37		203		1.78	%	1.60	%	33.49	%
	2012	7	10.77		74		2.01	%	1.60	%	17.01	%
Invesco VI Comstock (AnnuiChoice II )
	2016	32	16.97		548		1.38	%	1.15	%	15.64	%
	2015	31	14.67		457		1.83	%	1.15	%	(7.27	)%
	2014	19	15.82		303		1.34	%	1.15	%	7.85	%
	2013	7	14.67		102		1.27	%	1.15	%	34.09	%
	2012	2	10.94		22		1.53	%	1.15	%	17.55	%
Invesco VI Comstock (AnnuiChoice )
	2016	2	27.19		57		1.33	%	1.00	%	15.82	%
	2015	2	23.48		50		1.68	%	1.00	%	(7.13	)%
	2014	2	25.28		55		1.14	%	1.00	%	8.01	%
	2013	1	23.41		31		1.48	%	1.00	%	34.30	%
	2012	1	17.43		23		1.54	%	1.00	%	17.73	%
Invesco VI Comstock (GrandMaster flex3 )
	2016	5	25.16		114		1.40	%	1.55	%	15.18	%
	2015	5	21.84		117		1.68	%	1.55	%	(7.65	)%
	2014	5	23.65		129		1.12	%	1.55	%	7.41	%
	2013	5	22.02		109		1.62	%	1.55	%	33.55	%
	2012	6	16.49		97		1.61	%	1.55	%	17.07	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

130

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Invesco VI Comstock (Grandmaster )
	2016	2	$	25.88	$	50	1.33	%	1.35	%	15.41	%
	2015	2	22.43		44		0.70	%	1.35	%	(7.46	)%
	2014	8	24.23		192		1.13	%	1.35	%	7.63	%
	2013	9	22.52		206		2.06	%	1.35	%	33.82	%
	2012	3	16.82		54		1.32	%	1.35	%	17.31	%
Invesco VI Comstock (IQ Annuity )
	2016	1	25.52		28		1.34	%	1.45	%	15.29	%
	2015	1	22.13		24		1.69	%	1.45	%	(7.55	)%
	2014	1	23.94		26		1.11	%	1.45	%	7.52	%
	2013	1	22.27		24		1.48	%	1.45	%	33.69	%
	2012	1	16.66		18		1.48	%	1.45	%	17.19	%
Invesco VI Comstock (Pinnacle Plus Reduced M&E )
	2016	4	18.76		76		1.20	%	1.15	%	15.64	%
	2015	4	16.22		73		1.65	%	1.15	%	(7.27	)%
	2014	4	17.50		76		1.38	%	1.15	%	7.85	%
	2013	6	16.22		95		0.25	%	1.15	%	34.09	%
	2012	1	12.10		7		—	%	1.15	%	17.55	%
Invesco VI Comstock (Pinnacle Plus )
	2016	2	22.66		38		1.27	%	1.67	%	15.04	%
	2015	2	19.70		44		1.69	%	1.67	%	(7.76	)%
	2014	3	21.35		68		0.22	%	1.67	%	7.28	%
	2013	75	19.90		1,487		2.61	%	1.67	%	33.39	%
	2012	9	14.92		134		1.31	%	1.67	%	16.93	%
Invesco VI Comstock (Pinnacle )
	2016	3	25.88		82		1.35	%	1.35	%	15.41	%
	2015	4	22.43		80		1.68	%	1.35	%	(7.46	)%
	2014	4	24.23		89		1.10	%	1.35	%	7.63	%
	2013	22	22.52		489		0.70	%	1.35	%	33.82	%
	2012	7	16.82		121		1.55	%	1.35	%	17.31	%
Invesco VI Comstock (Pinnacle IV )
	2016	10	25.52		262		1.11	%	1.45	%	15.29	%
	2015	11	22.13		240		1.66	%	1.45	%	(7.55	)%
	2014	13	23.94		312		1.13	%	1.45	%	7.52	%
	2013	19	22.27		414		1.37	%	1.45	%	33.69	%
	2012	25	16.66		410		1.51	%	1.45	%	17.19	%
Invesco VI Comstock (Pinnacle V )
	2016	118	14.00		1,656		1.38	%	1.55	%	15.18	%
	2015	110	12.15		1,337		1.90	%	1.55	%	(7.65	)%
	2014	76	13.16		1,003		1.21	%	1.55	%	7.41	%
	2013	52	12.25		641		1.58	%	1.55	%	33.55	%
	2012	22	9.17		200		1.54	%	1.55	%	17.07	%
Invesco VI International Growth Class II (Advantedge )
	2016	13	10.27		131		1.05	%	1.60	%	(2.28	)%
	2015	9	10.51		93		1.28	%	1.60	%	(4.17	)%
	2014	9	10.97		102		1.39	%	1.60	%	(1.51	)%
	2013	9	11.14		101		0.87	%	1.60	%	16.82	%
	2012	1	9.53		10		1.60	%	1.60	%	13.40	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

131

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Invesco VI International Growth Class II (IQ Advisor Enhanced )
	2016	27	$	10.54	$	284	1.16	%	0.80	%	(1.84	)%
	2015	18	10.74		195		1.37	%	0.80	%	(3.73	)%
	2014	15	11.15		164		1.98	%	0.80	%	(1.06	)%
	2013	3	11.27		34		0.54	%	0.80	%	17.35	%
Invesco VI International Growth Class II (Pinnacle Plus )
	2016	10	10.42		105		1.18	%	1.67	%	(2.04	)%
	2015	10	10.64		104		1.46	%	1.67	%	(3.93	)%
	2014	7	11.07		81		2.10	%	1.67	%	(1.26	)%
	2013	3	11.21		38		1.01	%	1.67	%	17.12	%
	2012	4	9.57		38		1.22	%	1.67	%	13.69	%
Invesco VI International Growth Class II (Pinnacle )
	2016	5	10.36		56		1.14	%	1.35	%	(2.14	)%
	2015	6	10.59		65		1.21	%	1.35	%	(4.03	)%
	2014	7	11.03		80		1.38	%	1.35	%	(1.36	)%
	2013	9	11.18		95		0.85	%	1.35	%	17.00	%
	2012	7	9.56		66		3.42	%	1.35	%	13.58	%
Invesco VI International Growth Class II (Pinnacle V )
	2016	69	10.30		710		1.22	%	1.55	%	(2.23	)%
	2015	60	10.54		637		1.48	%	1.55	%	(4.12	)%
	2014	43	10.99		472		1.62	%	1.55	%	(1.46	)%
	2013	23	11.15		256		1.30	%	1.55	%	16.88	%
	2012	17	9.54		161		1.52	%	1.55	%	13.46	%
Invesco VI International Growth II (Grandmaster )
	2016	3	10.42		28		1.18	%	1.35	%	(2.04	)%
	2015	3	10.64		29		1.39	%	1.35	%	(3.93	)%
Invesco VI Mid Cap Growth (Pinnacle V )
	2016	3	10.32		34		—	%	1.55	%	3.20	%
Templeton Foreign VIP Fund (IQ Annuity )
	2016	14	19.67		282		1.95	%	1.45	%	5.62	%
	2015	15	18.62		282		3.27	%	1.45	%	(7.85	)%
	2014	15	20.20		310		1.86	%	1.45	%	(12.42	)%
	2013	15	23.07		335		2.36	%	1.45	%	21.19	%
	2012	16	19.04		307		3.11	%	1.45	%	16.51	%
Templeton Foreign VIP (Pinnacle )
	2016	9	19.95		178		1.92	%	1.35	%	5.73	%
	2015	10	18.87		182		3.24	%	1.35	%	(7.75	)%
	2014	12	20.45		249		2.46	%	1.35	%	(12.33	)%
	2013	15	23.33		357		2.28	%	1.35	%	21.31	%
	2012	19	19.23		367		2.68	%	1.35	%	16.63	%
Templeton Foreign VIP (Pinnacle IV )
	2016	31	19.67		602		1.92	%	1.45	%	5.62	%
	2015	38	18.62		701		3.28	%	1.45	%	(7.85	)%
	2014	46	20.21		928		2.45	%	1.45	%	(12.42	)%
	2013	59	23.07		1,358		2.40	%	1.45	%	21.19	%
	2012	68	19.04		1,297		3.02	%	1.45	%	16.51	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

132

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Templeton Foreign VIP (Pinnacle V )**
	2016	171	$	9.34	$	1,594	1.98	%	1.55	%	5.52	%
	2015	181	8.85		1,600		3.22	%	1.55	%	(7.94	)%
	2014	158	9.61		1,515		2.03	%	1.55	%	(12.51	)%
	2013	137	10.99		1,508		2.19	%	1.55	%	21.07	%
	2012	136	9.08		1,233		3.17	%	1.55	%	16.39	%
Templeton Foreign VIP Fund (AnnuiChoice II )**
	2016	35	11.56		410		1.94	%	1.15	%	5.94	%
	2015	30	10.91		326		3.14	%	1.15	%	(7.57	)%
	2014	23	11.80		275		1.88	%	1.15	%	(12.15	)%
	2013	17	13.43		222		2.15	%	1.15	%	21.56	%
	2012	14	11.05		156		3.31	%	1.15	%	16.87	%
Templeton Foreign VIP Fund (AnnuiChoice )
	2016	3	20.96		58		1.95	%	1.00	%	6.10	%
	2015	3	19.75		56		3.27	%	1.00	%	(7.43	)%
	2014	3	21.34		65		1.82	%	1.00	%	(12.02	)%
	2013	3	24.25		84		2.31	%	1.00	%	21.74	%
	2012	3	19.92		69		3.25	%	1.00	%	17.05	%
Templeton Foreign VIP Fund (AdvantEdge )
	2016	42	9.81		408		1.94	%	1.60	%	5.46	%
	2015	44	9.30		411		3.17	%	1.60	%	(7.99	)%
	2014	47	10.11		478		1.85	%	1.60	%	(12.55	)%
	2013	41	11.56		474		2.41	%	1.60	%	21.01	%
	2012	39	9.55		375		3.05	%	1.60	%	16.33	%
Templeton Foreign VIP Fund (GrandMaster flex3 )
	2016	9	19.39		179		1.74	%	1.55	%	5.52	%
	2015	16	18.38		303		3.24	%	1.55	%	(7.94	)%
	2014	17	19.96		342		1.87	%	1.55	%	(12.51	)%
	2013	18	22.81		415		1.79	%	1.55	%	21.07	%
	2012	14	18.84		269		2.80	%	1.55	%	16.39	%
Templeton Foreign VIP Fund (Grandmaster )
	2016	3	19.95		69		2.16	%	1.35	%	5.73	%
	2015	5	18.87		94		3.23	%	1.35	%	(7.75	)%
	2014	6	20.45		119		4.11	%	1.35	%	(12.33	)%
	2013	6	23.33		142		2.31	%	1.35	%	21.31	%
	2012	6	19.23		116		1.94	%	1.35	%	16.63	%
Templeton Foreign VIP Fund (Pinnacle Plus Reduced M&E )
	2016	15	11.05		166		1.96	%	1.15	%	5.94	%
	2015	15	10.43		156		3.15	%	1.15	%	(7.57	)%
	2014	7	11.29		78		2.47	%	1.15	%	(12.15	)%
	2013	6	12.85		82		—	%	1.15	%	21.56	%
Templeton Foreign VIP Fund (Pinnacle Plus )
	2016	5	17.73		95		1.83	%	1.67	%	5.39	%
	2015	9	16.82		159		2.89	%	1.67	%	(8.05	)%
	2014	23	18.29		422		2.22	%	1.67	%	(12.62	)%
	2013	36	20.93		764		2.23	%	1.67	%	20.92	%
	2012	36	17.31		617		9.36	%	1.67	%	16.25	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.
**The total return ratio presented in the 2015 financial statements was misstated related to the total return ratio for 2014. Management has restated the 2014 total return ratio as
shown in the table above. This misstatement had no impact on the subaccount's statement of net assets, operations or changes in net assets. It also had no impact on the
subaccount's unit value. For more information see "Error Correction" section of Note 1 to the financial statements.

133

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Templeton Global Bond VIP Fund (Pinnacle )
	2016	8	$	9.38	$	72	—	%	1.35	%	1.55	%
	2015	8	9.24		71		7.18	%	1.35	%	(5.60	)%
	2014	7	9.79		64		1.86	%	1.35	%	0.46	%
Templeton Global Bond VIP Fund (Grandmaster )
	2016	5	9.38		47		—	%	1.35	%	1.55	%
	2015	4	9.24		40		3.81	%	1.35	%	(5.60	)%
	2014	1	9.79		6		4.71	%	1.35	%	0.46	%
	2013	1	9.74		7		9.77	%	1.35	%	(2.60	)%
Templeton Global Bond VIP Fund (GrandMaster flex3 )
	2016	4	9.31		41		—	%	1.45	%	1.34	%
	2015	16	9.19		143		6.07	%	1.45	%	(5.79	)%
	2014	5	9.75		47		4.96	%	1.45	%	0.26	%
	2013	5	9.73		52		—	%	1.45	%	(2.73	)%
Templeton Global Bond VIP Fund (Pinnacle V )
	2016	4	9.35		41		—	%	1.55	%	1.45	%
	2015	5	9.21		47		8.57	%	1.55	%	(5.69	)%
	2014	5	9.77		52		3.05	%	1.55	%	0.36	%
Templeton Global Bond VIP Fund (Pinnacle IV )
	2016	18	9.31		170		—	%	1.45	%	1.34	%
	2015	19	9.19		177		8.35	%	1.45	%	(5.79	)%
	2014	18	9.75		178		3.32	%	1.45	%	0.26	%
	2013	1	9.73		8		—	%	1.45	%	(2.73	)%
Templeton Global Bond VIP Fund (AnnuiChoice II )
	2016	33	9.45		311		—	%	1.15	%	1.76	%
	2015	32	9.29		296		7.72	%	1.15	%	(5.40	)%
	2014	30	9.82		292		6.89	%	1.15	%	0.66	%
	2013	1	9.75		8		—	%	1.15	%	(2.46	)%
Templeton Growth VIP Fund (AdvantEdge )
	2016	7	11.47		84		2.05	%	1.60	%	7.87	%
	2015	8	10.63		83		2.58	%	1.60	%	(7.98	)%
	2014	8	11.56		94		1.34	%	1.60	%	(4.37	)%
	2013	8	12.08		101		2.55	%	1.60	%	28.73	%
	2012	9	9.39		81		1.98	%	1.60	%	19.12	%
Templeton Growth VIP Fund (AnnuiChoice II )
	2016	6	11.98		72		2.07	%	1.15	%	8.36	%
	2015	11	11.05		122		2.79	%	1.15	%	(7.56	)%
	2014	8	11.96		97		1.44	%	1.15	%	(3.93	)%
	2013	7	12.44		91		2.89	%	1.15	%	29.32	%
	2012	7	9.62		67		2.20	%	1.15	%	19.67	%
Templeton Growth VIP Fund (AnnuiChoice )
	2016	1	20.68		27		2.04	%	1.00	%	8.52	%
	2015	1	19.06		25		2.59	%	1.00	%	(7.42	)%
	2014	1	20.59		27		1.43	%	1.00	%	(3.79	)%
	2013	*-	21.40		7		2.63	%	1.00	%	29.51	%
	2012	*-	16.52		5		2.03	%	1.00	%	19.85	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

134

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Templeton Growth VIP Fund (GrandMaster flex3 )
	2016	8	$	19.13	$	160	1.90	%	1.55	%	7.92	%
	2015	17	17.73		310		2.68	%	1.55	%	(7.94	)%
	2014	20	19.26		391		1.40	%	1.55	%	(4.32	)%
	2013	27	20.13		534		2.64	%	1.55	%	28.80	%
	2012	29	15.63		453		1.79	%	1.55	%	19.18	%
Templeton Growth VIP Fund (Grandmaster )
	2016	4	19.69		75		2.06	%	1.35	%	8.14	%
	2015	4	18.20		77		2.55	%	1.35	%	(7.75	)%
	2014	5	19.73		100		1.53	%	1.35	%	(4.13	)%
	2013	5	20.58		113		2.73	%	1.35	%	29.06	%
	2012	6	15.95		93		1.13	%	1.35	%	19.43	%
Templeton Growth VIP Fund (IQ Advisor Standard )
	2016	1	16.98		11		2.04	%	0.60	%	8.96	%
	2015	1	15.59		10		2.59	%	0.60	%	(7.05	)%
	2014	1	16.77		11		1.35	%	0.60	%	(3.40	)%
	2013	1	17.36		11		2.14	%	0.60	%	30.04	%
	2012	*-	13.35		6		2.02	%	0.60	%	20.34	%
Templeton Growth VIP Fund (IQ Annuity )
	2016	10	19.41		193		2.07	%	1.45	%	8.03	%
	2015	11	17.96		197		2.59	%	1.45	%	(7.84	)%
	2014	12	19.49		242		1.35	%	1.45	%	(4.22	)%
	2013	16	20.35		332		4.03	%	1.45	%	28.93	%
	2012	47	15.79		745		1.93	%	1.45	%	19.30	%
Templeton Growth VIP Fund (Pinnacle )
	2016	6	19.69		121		2.14	%	1.35	%	8.14	%
	2015	7	18.20		129		2.60	%	1.35	%	(7.75	)%
	2014	7	19.73		147		1.34	%	1.35	%	(4.13	)%
	2013	8	20.58		160		1.51	%	1.35	%	29.06	%
	2012	22	15.95		348		1.99	%	1.35	%	19.43	%
Templeton Growth VIP Fund (Pinnacle IV )
	2016	30	19.41		574		2.09	%	1.45	%	8.03	%
	2015	35	17.97		632		2.62	%	1.45	%	(7.84	)%
	2014	41	19.49		791		1.34	%	1.45	%	(4.22	)%
	2013	48	20.35		976		2.60	%	1.45	%	28.93	%
	2012	54	15.79		856		2.12	%	1.45	%	19.30	%
Templeton Growth VIP Fund (Pinnacle II Reduced M&E )
	2016	1	19.93		11		2.03	%	1.10	%	8.41	%
	2015	1	18.38		10		2.59	%	1.10	%	(7.51	)%
	2014	1	19.88		11		1.35	%	1.10	%	(3.88	)%
	2013	1	20.68		12		2.67	%	1.10	%	29.38	%
	2012	1	15.98		9		3.71	%	1.10	%	9.21	%
Templeton Growth VIP Fund (Pinnacle Plus Reduced M&E )
	2016	7	14.09		104		1.92	%	1.15	%	8.36	%
	2015	6	13.00		83		2.09	%	1.15	%	(7.56	)%
	2014	4	14.07		51		1.00	%	1.15	%	(3.93	)%
	2013	1	14.64		8		—	%	1.15	%	29.32	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

135

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Templeton Growth VIP Fund (Pinnacle Plus )
	2016	1	$	17.40	$	22	2.04	%	1.67	%	7.79	%
	2015	5	16.15		82		2.72	%	1.67	%	(8.05	)%
	2014	13	17.56		236		1.81	%	1.67	%	(4.44	)%
	2013	86	18.37		1,589		4.78	%	1.67	%	28.64	%
	2012	15	14.28		218		1.71	%	1.67	%	19.04	%
Templeton Growth VIP Fund (Pinnacle V )
	2016	53	9.87		523		2.02	%	1.55	%	7.92	%
	2015	58	9.15		533		2.55	%	1.55	%	(7.94	)%
	2014	82	9.93		812		1.37	%	1.55	%	(4.32	)%
	2013	80	10.38		835		2.68	%	1.55	%	28.80	%
	2012	99	8.06		799		2.17	%	1.55	%	19.18	%
Morgan Stanley UIF Emerging Markets Debt (AdvantEdge )
	2016	14	13.62		185		5.50	%	1.60	%	8.81	%
	2015	14	12.52		181		5.45	%	1.60	%	(2.76	)%
	2014	13	12.87		166		5.43	%	1.60	%	1.25	%
	2013	13	12.71		166		5.14	%	1.60	%	(10.22	)%
	2012	12	14.16		176		2.95	%	1.60	%	15.98	%
Morgan Stanley UIF Emerging Markets Debt (AnnuiChoice II )
	2016	5	14.41		71		5.48	%	1.15	%	9.31	%
	2015	5	13.18		72		6.22	%	1.15	%	(2.31	)%
	2014	5	13.49		73		5.84	%	1.15	%	1.71	%
	2013	6	13.27		74		4.95	%	1.15	%	(9.80	)%
	2012	6	14.71		91		2.87	%	1.15	%	16.51	%
Morgan Stanley UIF Emerging Markets Debt (AnnuiChoice )
	2016	7	14.62		102		5.52	%	1.00	%	9.48	%
	2015	7	13.36		93		5.27	%	1.00	%	(2.16	)%
	2014	7	13.65		95		5.44	%	1.00	%	1.86	%
	2013	7	13.40		94		5.13	%	1.00	%	(9.67	)%
	2012	7	14.84		104		3.66	%	1.00	%	16.69	%
Morgan Stanley UIF Emerging Markets Debt (GrandMaster flex3 )
	2016	9	13.85		130		5.54	%	1.55	%	8.87	%
	2015	10	12.73		123		5.27	%	1.55	%	(2.71	)%
	2014	10	13.08		127		5.44	%	1.55	%	1.30	%
	2013	10	12.91		126		4.41	%	1.55	%	(10.17	)%
	2012	13	14.37		181		2.29	%	1.55	%	16.04	%
Morgan Stanley UIF Emerging Markets Debt (Grandmaster )
	2016	*-	23.79		1		5.50	%	1.35	%	9.09	%
	2015	*-	21.81		1		5.29	%	1.35	%	(2.51	)%
	2014	*-	22.37		1		6.90	%	1.35	%	1.50	%
	2013	1	22.04		14		5.07	%	1.35	%	(9.99	)%
	2012	1	24.48		19		2.22	%	1.35	%	16.28	%
Morgan Stanley UIF Emerging Markets Debt (IQ Annuity )
	2016	6	23.45		147		5.44	%	1.45	%	8.98	%
	2015	7	21.52		147		5.21	%	1.45	%	(2.61	)%
	2014	7	22.10		155		5.47	%	1.45	%	1.40	%
	2013	7	21.79		157		5.34	%	1.45	%	(10.08	)%
	2012	8	24.24		193		2.33	%	1.45	%	16.16	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

136

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Morgan Stanley UIF Emerging Markets Debt (Pinnacle IV )
	2016	3	$	13.99	$	45	5.48	%	1.45	%	8.98	%
	2015	4	12.84		47		5.20	%	1.45	%	(2.61	)%
	2014	4	13.18		58		5.61	%	1.45	%	1.40	%
	2013	7	13.00		97		3.46	%	1.45	%	(10.08	)%
	2012	16	14.46		236		2.92	%	1.45	%	16.16	%
Morgan Stanley UIF Emerging Markets Debt (Pinnacle Plus Reduced M&E )
	2016	7	11.55		85		5.50	%	1.15	%	9.31	%
	2015	8	10.57		86		4.26	%	1.15	%	(2.31	)%
	2014	4	10.82		45		5.90	%	1.15	%	1.71	%
	2013	*-	10.64		2		13.21	%	1.15	%	(9.80	)%
Morgan Stanley UIF Emerging Markets Debt (Pinnacle Plus )
	2016	4	20.07		80		5.48	%	1.67	%	8.74	%
	2015	4	18.46		76		5.93	%	1.67	%	(2.82	)%
	2014	7	19.00		128		11.80	%	1.67	%	1.17	%
	2013	15	18.78		285		1.59	%	1.67	%	(10.28	)%
	2012	94	20.93		1,961		1.97	%	1.67	%	15.90	%
Morgan Stanley UIF Emerging Markets Debt (Pinnacle V )
	2016	16	13.78		219		5.64	%	1.55	%	8.87	%
	2015	22	12.65		283		4.72	%	1.55	%	(2.71	)%
	2014	30	13.01		388		5.33	%	1.55	%	1.30	%
	2013	30	12.84		386		5.26	%	1.55	%	(10.17	)%
	2012	32	14.29		458		2.74	%	1.55	%	16.04	%
Morgan Stanley UIF Emerging Markets Equity (AdvantEdge )
	2016	41	7.30		298		0.43	%	1.60	%	4.92	%
	2015	48	6.95		334		0.73	%	1.60	%	(12.14	)%
	2014	47	7.91		376		0.33	%	1.60	%	(6.08	)%
	2013	48	8.43		406		1.04	%	1.60	%	(2.68	)%
	2012	47	8.66		408		—	%	1.60	%	17.91	%
Morgan Stanley UIF Emerging Markets Equity (AnnuiChoice II )
	2016	7	11.56		81		0.44	%	1.15	%	5.40	%
	2015	6	10.97		71		0.78	%	1.15	%	(11.73	)%
	2014	5	12.43		62		0.26	%	1.15	%	(5.65	)%
	2013	3	13.17		42		0.99	%	1.15	%	(2.24	)%
	2012	3	13.47		40		—	%	1.15	%	18.46	%
Morgan Stanley UIF Emerging Markets Equity (AnnuiChoice )
	2016	2	30.96		68		0.45	%	1.00	%	5.56	%
	2015	2	29.33		53		0.81	%	1.00	%	(11.60	)%
	2014	3	33.18		91		0.33	%	1.00	%	(5.51	)%
	2013	3	35.11		97		0.94	%	1.00	%	(2.09	)%
	2012	4	35.86		149		—	%	1.00	%	18.64	%
Morgan Stanley UIF Emerging Markets Equity (GrandMaster flex3 )
	2016	3	28.64		90		0.45	%	1.55	%	4.97	%
	2015	5	27.28		125		0.76	%	1.55	%	(12.09	)%
	2014	5	31.03		149		0.32	%	1.55	%	(6.03	)%
	2013	6	33.03		205		1.04	%	1.55	%	(2.63	)%
	2012	7	33.92		233		—	%	1.55	%	17.97	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

137

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Morgan Stanley UIF Emerging Markets Equity (Grandmaster )
	2016	4	$	29.46	$	127	0.42	%	1.35	%	5.18	%
	2015	3	28.01		74		0.85	%	1.35	%	(11.91	)%
	2014	11	31.80		345		0.31	%	1.35	%	(5.84	)%
	2013	18	33.77		612		0.93	%	1.35	%	(2.44	)%
	2012	17	34.61		580		—	%	1.35	%	18.22	%
Morgan Stanley UIF Emerging Markets Equity (IQ Annuity )
	2016	12	29.05		342		0.44	%	1.45	%	5.08	%
	2015	10	27.64		289		0.75	%	1.45	%	(12.00	)%
	2014	11	31.41		332		0.33	%	1.45	%	(5.94	)%
	2013	11	33.40		358		1.12	%	1.45	%	(2.53	)%
	2012	11	34.26		367		—	%	1.45	%	18.09	%
Morgan Stanley UIF Emerging Markets Equity (Pinnacle )
	2016	3	29.46		82		0.46	%	1.35	%	5.18	%
	2015	4	28.01		105		0.74	%	1.35	%	(11.91	)%
	2014	4	31.80		135		0.31	%	1.35	%	(5.84	)%
	2013	9	33.77		314		0.96	%	1.35	%	(2.44	)%
	2012	11	34.61		378		—	%	1.35	%	18.22	%
Morgan Stanley UIF Emerging Markets Equity (Pinnacle IV )
	2016	12	29.05		361		0.46	%	1.45	%	5.08	%
	2015	10	27.64		290		0.81	%	1.45	%	(12.00	)%
	2014	17	31.41		537		0.32	%	1.45	%	(5.94	)%
	2013	35	33.40		1,181		1.05	%	1.45	%	(2.53	)%
	2012	44	34.26		1,523		—	%	1.45	%	18.10	%
Morgan Stanley UIF Emerging Markets Equity (Pinnacle Plus Reduced M&E )
	2016	8	8.44		69		0.51	%	1.15	%	5.40	%
	2015	9	8.00		68		0.67	%	1.15	%	(11.73	)%
	2014	4	9.07		37		0.50	%	1.15	%	(5.65	)%
	2013	1	9.61		5		—	%	1.15	%	(2.24	)%
Morgan Stanley UIF Emerging Markets Equity (Pinnacle Plus )
	2016	7	24.73		175		0.43	%	1.67	%	4.84	%
	2015	10	23.59		227		0.67	%	1.67	%	(12.20	)%
	2014	16	26.86		440		0.29	%	1.67	%	(6.15	)%
	2013	23	28.62		658		1.01	%	1.67	%	(2.75	)%
	2012	29	29.43		858		—	%	1.67	%	17.83	%
Morgan Stanley UIF Emerging Markets Equity (Pinnacle V )
	2016	64	8.32		535		0.46	%	1.55	%	4.97	%
	2015	80	7.92		636		0.72	%	1.55	%	(12.09	)%
	2014	96	9.01		862		0.32	%	1.55	%	(6.03	)%
	2013	102	9.59		979		1.04	%	1.55	%	(2.63	)%
	2012	104	9.85		1,024		—	%	1.55	%	17.97	%
Morgan Stanley UIF U. S. Real Estate (Pinnacle Plus Reduced M&E )
	2016	9	16.87		152		1.05	%	1.15	%	5.32	%
	2015	10	16.02		166		1.02	%	1.15	%	0.75	%
	2014	5	15.90		87		1.73	%	1.15	%	27.94	%
	2013	1	12.43		13		0.33	%	1.15	%	0.58	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

138

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Morgan Stanley UIF U. S. Real Estate (Pinnacle Plus )
	2016	8	$	30.15	$	250	1.08	%	1.67	%	4.77	%
	2015	11	28.78		316		1.26	%	1.67	%	0.22	%
	2014	22	28.71		632		1.62	%	1.67	%	27.27	%
	2013	73	22.56		1,651		1.06	%	1.67	%	0.05	%
	2012	73	22.55		1,637		1.05	%	1.67	%	13.68	%
Morgan Stanley UIF U.S. Real Estate (AdvantEdge )
	2016	12	15.72		196		0.94	%	1.60	%	4.84	%
	2015	20	14.99		297		1.17	%	1.60	%	0.29	%
	2014	21	14.95		315		1.29	%	1.60	%	27.36	%
	2013	22	11.74		263		0.79	%	1.60	%	0.13	%
	2012	24	11.72		276		0.58	%	1.60	%	13.76	%
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice II )
	2016	32	12.52		403		1.08	%	1.15	%	5.32	%
	2015	24	11.89		281		1.19	%	1.15	%	0.75	%
	2014	13	11.80		154		1.16	%	1.15	%	27.94	%
	2013	10	9.22		94		0.63	%	1.15	%	0.58	%
	2012	16	9.17		147		0.55	%	1.15	%	14.29	%
Morgan Stanley UIF U.S. Real Estate (AnnuiChoice )
	2016	*-	12.70		3		1.10	%	1.00	%	5.48	%
	2015	*-	12.04		3		1.25	%	1.00	%	0.90	%
	2014	*-	11.94		4		0.51	%	1.00	%	28.13	%
	2013	2	9.31		16		1.87	%	1.00	%	0.74	%
	2012	5	9.25		45		0.81	%	1.00	%	14.46	%
Morgan Stanley UIF U.S. Real Estate (Grandmaster flex3 )
	2016	3	12.04		40		1.16	%	1.55	%	4.90	%
	2015	6	11.47		65		1.18	%	1.55	%	0.34	%
	2014	6	11.44		65		1.18	%	1.55	%	27.42	%
	2013	7	8.97		66		1.04	%	1.55	%	0.18	%
	2012	8	8.96		75		0.56	%	1.55	%	13.82	%
Morgan Stanley UIF U.S. Real Estate (Grandmaster )
	2016	3	36.58		112		1.21	%	1.35	%	5.11	%
	2015	2	34.80		76		1.06	%	1.35	%	0.55	%
	2014	2	34.61		82		1.38	%	1.35	%	27.68	%
	2013	3	27.11		73		0.86	%	1.35	%	0.38	%
	2012	3	27.00		94		0.52	%	1.35	%	14.05	%
Morgan Stanley UIF U.S. Real Estate (IQ Annuity )
	2016	5	36.06		164		1.07	%	1.45	%	5.00	%
	2015	5	34.34		174		1.30	%	1.45	%	0.45	%
	2014	7	34.19		248		1.24	%	1.45	%	27.55	%
	2013	7	26.81		175		0.85	%	1.45	%	0.28	%
	2012	6	26.73		161		0.61	%	1.45	%	13.94	%
Morgan Stanley UIF U.S. Real Estate (Pinnacle IV )
	2016	27	12.16		327		1.00	%	1.45	%	5.00	%
	2015	39	11.58		452		1.05	%	1.45	%	0.45	%
	2014	56	11.52		648		1.24	%	1.45	%	27.55	%
	2013	83	9.04		746		1.08	%	1.45	%	0.28	%
	2012	90	9.01		810		0.65	%	1.45	%	13.94	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

139

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 2 (continued):
Morgan Stanley UIF U.S. Real Estate (Pinnacle V )
	2016	82	$	12.87	$	1,061	1.07	%	1.55	%	4.90	%
	2015	85	12.27		1,047		1.15	%	1.55	%	0.34	%
	2014	92	12.22		1,127		1.20	%	1.55	%	27.42	%
	2013	85	9.59		817		0.87	%	1.55	%	0.18	%
	2012	89	9.58		854		0.60	%	1.55	%	13.82	%
Non-Affiliated Class 3:
BlackRock Capital Appreciation VI (Advantedge )
	2016	13	13.61		183		—	%	1.60	%	(1.73	)%
	2015	19	13.85		261		—	%	1.60	%	4.91	%
	2014	23	13.20		299		—	%	1.60	%	6.82	%
	2013	22	12.36		267		18.83	%	1.60	%	31.26	%
	2012	12	9.42		117		2.19	%	1.60	%	11.74	%
BlackRock Capital Appreciation VI (AnnuiChoice II )
	2016	28	13.97		390		—	%	1.15	%	(1.28	)%
	2015	14	14.15		195		—	%	1.15	%	5.39	%
	2014	8	13.42		109		—	%	1.15	%	7.31	%
	2013	4	12.51		50		23.72	%	1.15	%	31.86	%
	2012	1	9.49		6		1.95	%	1.15	%	12.26	%
BlackRock Capital Appreciation VI (Annuichoice )
	2016	*-	14.09		*-		—	%	1.00	%	(1.13	)%
	2015	*-	14.25		*-		—	%	1.00	%	5.54	%
	2014	*-	13.50		*-		—	%	1.00	%	7.47	%
	2013	1	12.56		7		12.26	%	1.00	%	32.06	%
	2012	1	9.51		8		2.11	%	1.00	%	12.43	%
BlackRock Capital Appreciation VI (Grandmaster flex3 )
	2016	1	13.65		9		—	%	1.55	%	(1.68	)%
	2015	1	13.88		10		—	%	1.55	%	4.96	%
	2014	1	13.23		9		(0.01	)%	1.55	%	6.87	%
	2013	1	12.38		9		15.48	%	1.55	%	31.33	%
	2012	1	9.42		7		3.70	%	1.55	%	11.80	%
BlackRock Capital Appreciation VI Class III (Grandmaster )
	2016	*-	13.81		2		—	%	1.35	%	(1.48	)%
	2015	8	14.01		109		—	%	1.35	%	5.17	%
	2014	*-	13.32		5		—	%	1.35	%	7.09	%
	2012	*-	9.46		1		3.74	%	1.35	%	12.03	%
BlackRock Capital Appreciation VI Class III (Pinnacle )
	2016	*-	13.81		5		—	%	1.35	%	(1.48	)%
	2015	3	14.01		46		—	%	1.35	%	5.17	%
	2014	1	13.32		9		—	%	1.35	%	7.09	%
	2012	2	9.46		15		3.69	%	1.35	%	12.03	%
BlackRock Capital Appreciation VI Class III (Pinnacle IV )
	2016	4	13.73		50		—	%	1.45	%	(1.58	)%
	2015	3	13.95		45		—	%	1.45	%	5.07	%
	2014	4	13.28		56		—	%	1.45	%	6.98	%
	2013	5	12.41		60		19.43	%	1.45	%	31.46	%
	2012	2	9.44		23		2.92	%	1.45	%	11.92	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

140

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 3 (continued):
BlackRock Capital Appreciation VI Class III (Pinnacle V )
	2016	74	$	13.65	$	1,009	—	%	1.55	%	(1.68	)%
	2015	63	13.88		873		—	%	1.55	%	4.96	%
	2014	60	13.23		799		—	%	1.55	%	6.87	%
	2013	46	12.38		564		19.12	%	1.55	%	31.33	%
	2012	12	9.42		117		3.09	%	1.55	%	11.80	%
BlackRock Global Allocation VI (Advantedge )
	2016	24	10.85		266		0.98	%	1.60	%	2.15	%
	2015	39	10.62		412		0.98	%	1.60	%	(2.58	)%
	2014	47	10.90		515		2.02	%	1.60	%	0.30	%
	2013	59	10.87		645		5.14	%	1.60	%	12.59	%
	2012	63	9.65		607		1.94	%	1.60	%	8.20	%
BlackRock Global Allocation VI (AnnuiChoice II )
	2016	14	11.13		153		1.22	%	1.15	%	2.61	%
	2015	15	10.85		157		1.10	%	1.15	%	(2.14	)%
	2014	10	11.09		112		2.51	%	1.15	%	0.76	%
	2013	9	11.00		103		5.80	%	1.15	%	13.10	%
	2012	7	9.73		71		2.22	%	1.15	%	8.70	%
BlackRock Global Allocation VI (Annuichoice )
	2016	3	11.23		36		1.26	%	1.00	%	2.77	%
	2015	3	10.93		36		1.03	%	1.00	%	(1.99	)%
	2014	4	11.15		39		2.32	%	1.00	%	0.91	%
	2013	3	11.05		36		5.27	%	1.00	%	13.27	%
	2012	3	9.75		31		0.50	%	1.00	%	8.86	%
BlackRock Global Allocation VI (Grandmaster flex3 )
	2016	1	10.88		9		0.10	%	1.55	%	2.20	%
	2015	17	10.65		176		1.05	%	1.55	%	(2.53	)%
	2014	18	10.92		198		2.23	%	1.55	%	0.35	%
	2013	30	10.88		325		7.62	%	1.55	%	12.64	%
	2012	6	9.66		57		2.26	%	1.55	%	8.26	%
BlackRock Global Allocation VI (Grandmaster )
	2016	1	11.01		6		1.29	%	1.35	%	2.40	%
	2015	1	10.75		7		0.84	%	1.35	%	(2.34	)%
	2014	1	11.00		10		0.53	%	1.35	%	0.56	%
	2013	8	10.94		91		6.73	%	1.35	%	12.87	%
	2012	4	9.70		43		2.98	%	1.35	%	8.48	%
BlackRock Global Allocation VI Class III (Pinnacle )
	2016	1	11.01		12		1.19	%	1.35	%	2.40	%
	2015	2	10.75		21		0.96	%	1.35	%	(2.34	)%
	2014	2	11.00		21		1.58	%	1.35	%	0.56	%
	2013	6	10.94		65		6.70	%	1.35	%	12.87	%
	2012	2	9.70		24		0.86	%	1.35	%	8.48	%
BlackRock Global Allocation VI Class III (Pinnacle IV )
	2016	2	10.94		26		1.19	%	1.45	%	2.30	%
	2015	4	10.70		42		1.03	%	1.45	%	(2.44	)%
	2014	4	10.96		39		2.95	%	1.45	%	0.46	%
	2013	2	10.91		22		6.83	%	1.45	%	12.76	%
	2012	1	9.68		7		0.35	%	1.45	%	8.37	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

141

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 3 (continued):
BlackRock Global Allocation VI Class III (Pinnacle V )
	2016	23	$	10.88	$	250	1.25	%	1.55	%	2.20	%
	2015	23	10.65		242		1.05	%	1.55	%	(2.53	)%
	2014	17	10.92		191		2.52	%	1.55	%	0.35	%
	2013	15	10.88		165		6.48	%	1.55	%	12.64	%
	2012	9	9.66		91		1.67	%	1.55	%	8.26	%
BlackRock High Yield VI (Pinnacle V )
	2016	3	10.61		33		2.08	%	1.55	%	6.12	%
BlackRock Total Return VI (Pinnacle V )
	2016	19	9.84		183		0.93	%	1.55	%	(1.55	)%
TOPS Managed Risk Moderate Growth ETF (AnnuiChoice II)
	2016	2	10.35		18		1.80	%	1.35	%	4.92	%
	2015	1	9.86		8		1.27	%	1.35	%	(7.54	)%
TOPS Managed Risk Moderate Growth ETF (Pinnacle IV )
	2016	81	10.19		825		2.18	%	1.45	%	4.50	%
	2015	13	9.76		124		1.25	%	1.45	%	(7.91	)%
	2014	10	10.59		106		1.14	%	1.45	%	1.16	%
Non-Affiliated Class 4:
American Funds Bond (AnnuiChoice II )
	2016	6	9.85		56		2.00	%	1.15	%	(1.52	)%
American Funds Bond (Pinnacle V )
	2016	15	9.82		143		1.34	%	1.60	%	(1.79	)%
American Funds Capital Income Builder (Pinnacle IV )*
	2016	4	9.53		40		2.97	%	1.45	%	2.28	%
	2015	4	9.32		34		0.59	%	1.45	%	(6.83	)%
American Funds Capital Income Builder (Pinnacle V )*
	2016	24	9.51		228		3.00	%	1.15	%	2.18	%
	2015	11	9.31		103		1.54	%	1.15	%	(6.90	)%
American Funds Capital Income Builder (AnnuiChoice II )*
	2016	55	9.58		529		3.37	%	1.35	%	2.59	%
	2015	15	9.34		141		1.49	%	1.35	%	(6.64	)%
American Funds Global Growth (AdvantEdge )
	2016	1	10.90		9		0.54	%	1.60	%	(1.24	)%
	2015	2	11.04		21		1.09	%	1.60	%	4.98	%
	2014	1	10.52		8		1.37	%	1.60	%	0.38	%
American Funds Global Growth (AnnuiChoice II )
	2016	59	11.06		648		0.76	%	1.15	%	(0.78	)%
	2015	44	11.14		495		1.59	%	1.15	%	5.46	%
	2014	2	10.57		20		1.94	%	1.15	%	0.84	%
American Funds Global Growth (GrandMaster )
	2016	7	10.99		81		0.48	%	1.35	%	(0.98	)%
	2015	36	11.10		395		0.86	%	1.35	%	5.25	%
American Funds Global Growth (Pinnacle )
	2016	*-	10.99		1		0.85	%	1.35	%	(0.98	)%
	2015	*-	11.10		*-		0.94	%	1.35	%	5.25	%
	2014	*-	10.54		*-		1.88	%	1.35	%	0.64	%
American Funds Global Growth (Pinnacle IV )
	2016	*-	10.95		3		0.06	%	1.45	%	(1.08	)%
	2015	26	11.07		286		3.80	%	1.45	%	5.14	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

142

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 4 (continued):
American Funds Global Growth (Pinnacle V )
	2016	20	$	10.92	$	216	0.70	%	1.55	%	(1.19	)%
	2015	23	11.05		257		1.95	%	1.55	%	5.04	%
	2014	3	10.52		31		2.01	%	1.55	%	0.43	%
American Funds Growth (AdvantEdge )
	2016	2	12.52		21		0.42	%	1.15	%	7.47	%
American Funds Growth (AnnuiChoice II )
	2016	23	12.70		293		0.71	%	1.15	%	7.96	%
	2015	11	11.76		135		0.92	%	1.15	%	5.36	%
	2014	6	11.16		62		2.90	%	1.15	%	7.00	%
American Funds Growth (Pinnacle )
	2016	*-	12.62		1		0.40	%	1.35	%	7.74	%
	2014	*-	11.14		2		1.64	%	1.35	%	6.78	%
American Funds Growth (Pinnacle IV )
	2016	*-	12.58		2		0.42	%	1.45	%	7.64	%
	2015	1	11.69		6		0.69	%	1.45	%	5.04	%
American Funds Growth (Pinnacle V )
	2016	37	12.54		459		1.76	%	1.55	%	7.53	%
	2015	2	11.66		27		1.50	%	1.55	%	4.93	%
American Funds Growth-Income (AnnuiChoice II )
	2016	26	12.53		327		1.34	%	1.15	%	9.98	%
	2015	24	11.39		270		0.81	%	1.15	%	0.05	%
	2014	44	11.39		500		4.02	%	1.15	%	9.08	%
American Funds Growth-Income (GrandMaster )
	2016	10	12.45		129		1.29	%	1.35	%	9.76	%
	2015	11	11.35		123		3.93	%	1.35	%	(0.15	)%
	2014	2	11.37		22		7.00	%	1.35	%	8.86	%
American Funds Growth-Income (Pinnacle )
	2016	1	12.45		16		1.19	%	1.35	%	9.76	%
	2015	1	11.35		15		1.69	%	1.35	%	(0.15	)%
	2014	1	11.37		11		24.94	%	1.35	%	8.86	%
American Funds Growth-Income (Pinnacle IV )
	2016	6	12.42		72		1.31	%	1.45	%	9.64	%
	2015	6	11.32		66		2.25	%	1.45	%	(0.26	)%
	2014	3	11.35		32		1.52	%	1.45	%	8.75	%
American Funds Growth-Income (Pinnacle V )
	2016	74	12.38		921		1.36	%	1.55	%	9.53	%
	2015	66	11.30		748		1.94	%	1.55	%	(0.36	)%
	2014	12	11.34		132		2.46	%	1.55	%	8.63	%
American Funds New World (AnnuiChoice II )
	2016	17	9.29		155		0.70	%	1.15	%	3.84	%
	2015	14	8.95		125		0.78	%	1.15	%	(4.48	)%
	2014	1	9.37		7		5.60	%	1.15	%	(9.19	)%
American Funds New World (Pinnacle )
	2016	5	9.23		48		0.74	%	1.35	%	3.63	%
	2015	4	8.91		35		0.64	%	1.35	%	(4.68	)%
	2014	2	9.35		19		2.23	%	1.35	%	(9.37	)%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

143

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class 4 (continued):
American Funds New World (Pinnacle IV )
	2016	2	$	9.20	$	22	0.29	%	1.45	%	3.52	%
	2015	26	8.89		227		0.90	%	1.45	%	(4.77	)%
	2014	3	9.34		30		1.75	%	1.45	%	(9.46	)%
American Funds New World (Pinnacle V )
	2016	17	9.17		152		0.65	%	1.55	%	3.42	%
	2015	19	8.87		171		0.66	%	1.55	%	(4.87	)%
	2014	7	9.33		67		2.37	%	1.55	%	(9.56	)%
Non-Affiliated Class A:
Deutsche Small Cap Index VIP (Pinnacle )
	2016	18	28.35		520		1.09	%	1.35	%	19.39	%
	2015	20	23.74		484		1.08	%	1.35	%	(5.88	)%
	2014	22	25.23		566		0.93	%	1.35	%	3.33	%
	2013	29	24.41		715		5.85	%	1.35	%	36.77	%
	2012	35	17.85		626		0.92	%	1.35	%	14.68	%
Deutsche Small Cap Index VIP (Pinnacle IV )
	2016	*-	27.60		1		1.11	%	1.45	%	19.27	%
	2015	*-	23.14		1		1.51	%	1.45	%	(5.98	)%
	2014	*-	24.61		11		0.97	%	1.45	%	3.22	%
	2013	*-	23.84		11		3.97	%	1.45	%	36.63	%
	2012	2	17.45		31		0.97	%	1.45	%	14.56	%
Deutsche Small Cap Index VIP (Pinnacle II Reduced M&E )
	2016	*-	28.70		4		1.06	%	1.10	%	19.70	%
	2015	*-	23.98		3		1.03	%	1.10	%	(5.64	)%
	2014	*-	25.41		3		0.94	%	1.10	%	3.59	%
	2013	*-	24.53		3		5.51	%	1.10	%	37.11	%
	2012	*-	17.89		2		1.72	%	1.10	%	2.66	%
Non-Affiliated Class B:
Deutsche Small Cap Index (AdvantEdge )
	2016	1	18.35		23		0.88	%	1.60	%	18.78	%
	2015	1	15.45		20		0.79	%	1.60	%	(6.38	)%
	2014	2	16.50		38		0.70	%	1.60	%	2.80	%
	2013	5	16.05		73		0.36	%	1.60	%	36.10	%
	2012	*-	11.79		2		0.70	%	1.60	%	14.02	%
Deutsche Small Cap Index (AnnuiChoice II )
	2016	25	18.23		458		0.79	%	1.15	%	19.32	%
	2015	21	15.28		327		0.94	%	1.15	%	(5.95	)%
	2014	6	16.25		92		0.56	%	1.15	%	3.27	%
	2013	3	15.73		47		4.87	%	1.15	%	36.72	%
	2012	3	11.51		31		0.85	%	1.15	%	14.54	%
Deutsche Small Cap Index (AnnuiChoice )
	2016	1	26.25		27		0.82	%	1.00	%	19.50	%
	2015	1	21.97		23		0.77	%	1.00	%	(5.81	)%
	2014	1	23.32		24		0.71	%	1.00	%	3.43	%
	2013	1	22.55		24		3.72	%	1.00	%	36.93	%
	2012	2	16.47		36		0.85	%	1.00	%	14.71	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

144

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Non-Affiliated Class B (continued) :
Deutsche Small Cap Index (GrandMaster flex3 )
	2016	3	$	26.09	$	67	0.85	%	1.55	%	18.84	%
	2015	3	21.95		61		0.79	%	1.55	%	(6.33	)%
	2014	3	23.43		77		0.71	%	1.55	%	2.86	%
	2013	3	22.78		79		5.40	%	1.55	%	36.17	%
	2012	4	16.73		68		0.70	%	1.55	%	14.07	%
Deutsche Small Cap Index (Grandmaster )
	2016	1	22.49		23		0.87	%	1.35	%	19.08	%
	2015	1	18.89		23		0.80	%	1.35	%	(6.14	)%
	2014	1	20.12		25		0.83	%	1.35	%	3.07	%
	2013	2	19.53		33		26.07	%	1.35	%	36.44	%
	2012	2	14.31		24		1.07	%	1.35	%	14.31	%
Deutsche Small Cap Index (IQ3 )
	2016	4	24.36		89		0.82	%	1.45	%	18.96	%
	2015	4	20.48		75		0.82	%	1.45	%	(6.23	)%
	2014	5	21.84		103		0.71	%	1.45	%	2.96	%
	2013	5	21.21		106		5.34	%	1.45	%	36.30	%
	2012	5	15.56		79		0.64	%	1.45	%	14.19	%
Deutsche Small Cap Index (Pinnacle Plus Reduced M&E )
	2016	10	19.07		189		0.82	%	1.15	%	19.32	%
	2015	10	15.98		163		0.75	%	1.15	%	(5.95	)%
	2014	10	16.99		162		0.91	%	1.15	%	3.27	%
	2013	5	16.45		78		—	%	1.15	%	36.72	%
Deutsche Small Cap Index (Pinnacle Plus )
	2016	1	24.96		28		0.97	%	1.67	%	18.69	%
	2015	3	21.03		66		0.76	%	1.67	%	(6.44	)%
	2014	4	22.48		82		0.79	%	1.67	%	2.73	%
	2013	13	21.88		282		5.69	%	1.67	%	36.00	%
	2012	20	16.09		330		4.24	%	1.67	%	13.94	%
Deutsche Small Cap Index VIP (Pinnacle IV )
	2016	9	24.36		211		0.85	%	1.45	%	18.96	%
	2015	9	20.48		184		0.86	%	1.45	%	(6.23	)%
	2014	11	21.84		248		0.74	%	1.45	%	2.96	%
	2013	13	21.21		282		5.36	%	1.45	%	36.30	%
	2012	18	15.56		278		0.83	%	1.45	%	14.19	%
Deutsche Small Cap Index VIP (Pinnacle V )
	2016	14	15.43		218		0.77	%	1.55	%	18.84	%
	2015	13	12.98		167		0.84	%	1.55	%	(6.33	)%
	2014	14	13.86		189		0.68	%	1.55	%	2.86	%
	2013	12	13.48		163		4.93	%	1.55	%	36.17	%
	2012	11	9.90		111		0.82	%	1.55	%	14.07	%
Advisor Class:
Pimco VIT All Asset (AdvantEdge )
	2016	10	12.05		122		2.35	%	1.60	%	11.10	%
	2015	13	10.85		140		3.09	%	1.60	%	(10.64	)%
	2014	17	12.14		203		4.47	%	1.60	%	(1.15	)%
	2013	25	12.28		310		4.24	%	1.60	%	(1.49	)%
	2012	30	12.46		380		4.72	%	1.60	%	12.96	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

145

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Advisor Class (continued):
Pimco VIT All Asset (IQ Annuity )
	2016	10	$	12.12	$	120	2.53	%	1.45	%	11.27	%
	2015	10	10.89		114		3.23	%	1.45	%	(10.50	)%
	2014	11	12.17		138		4.98	%	1.45	%	(1.00	)%
	2013	13	12.29		161		4.28	%	1.45	%	(1.34	)%
	2012	14	12.46		174		4.86	%	1.45	%	13.14	%
Pimco VIT All Asset (Pinnacle )
	2016	6	12.22		69		2.47	%	1.35	%	11.38	%
	2015	4	10.97		39		3.14	%	1.35	%	(10.41	)%
	2014	4	12.25		49		5.04	%	1.35	%	(0.90	)%
	2013	4	12.36		48		4.07	%	1.35	%	(1.24	)%
	2012	7	12.52		90		4.83	%	1.35	%	13.25	%
Pimco VIT All Asset (AnnuiChoice II )
	2016	9	12.55		114		2.52	%	1.15	%	11.61	%
	2015	9	11.24		100		2.46	%	1.15	%	(10.23	)%
	2014	17	12.52		217		4.59	%	1.15	%	(0.70	)%
	2013	28	12.61		352		3.88	%	1.15	%	(1.04	)%
	2012	37	12.74		471		5.60	%	1.15	%	13.48	%
Pimco VIT All Asset (AnnuiChoice )
	2016	1	12.60		15		2.54	%	1.00	%	11.78	%
	2015	1	11.28		13		3.02	%	1.00	%	(10.10	)%
	2014	1	12.54		18		5.09	%	1.00	%	(0.55	)%
	2013	1	12.61		18		6.03	%	1.00	%	(0.89	)%
	2012	4	12.72		50		4.54	%	1.00	%	13.65	%
Pimco VIT All Asset (GrandMaster flex3 )
	2016	*-	12.01		1		2.51	%	1.55	%	11.16	%
	2015	*-	10.80		1		1.21	%	1.55	%	(10.59	)%
	2014	7	12.08		88		4.05	%	1.55	%	(1.10	)%
	2013	16	12.22		195		4.35	%	1.55	%	(1.44	)%
	2012	21	12.40		261		4.89	%	1.55	%	13.02	%
Pimco VIT All Asset (Grandmaster )
	2016	31	12.22		383		2.60	%	1.35	%	11.38	%
	2015	29	10.97		313		3.13	%	1.35	%	(10.41	)%
	2014	32	12.25		387		4.86	%	1.35	%	(0.90	)%
	2013	37	12.36		456		3.73	%	1.35	%	(1.24	)%
	2012	109	12.52		1,364		5.14	%	1.35	%	13.25	%
Pimco VIT All Asset (Pinnacle IV )
	2016	31	12.21		381		2.44	%	1.45	%	11.27	%
	2015	37	10.98		409		2.62	%	1.45	%	(10.50	)%
	2014	79	12.26		964		4.90	%	1.45	%	(1.00	)%
	2013	104	12.39		1,290		4.13	%	1.45	%	(1.34	)%
	2012	147	12.56		1,840		4.88	%	1.45	%	13.14	%
Pimco VIT All Asset (Pinnacle Plus Reduced M&E )
	2016	3	11.18		29		2.55	%	1.15	%	11.61	%
	2015	3	10.02		26		3.15	%	1.15	%	(10.23	)%
	2014	1	11.16		16		6.27	%	1.15	%	(0.70	)%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

146

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Advisor Class (continued):
Pimco VIT All Asset (Pinnacle Plus )
	2016	5	$	11.88	$	57	2.33	%	1.67	%	11.02	%
	2015	7	10.70		75		2.94	%	1.67	%	(10.70	)%
	2014	14	11.99		173		4.41	%	1.67	%	(1.22	)%
	2013	20	12.14		245		4.38	%	1.67	%	(1.56	)%
	2012	22	12.33		271		5.73	%	1.67	%	12.88	%
Pimco VIT All Asset (Pinnacle V )
	2016	24	12.10		291		2.21	%	1.55	%	11.16	%
	2015	32	10.89		348		3.32	%	1.55	%	(10.59	)%
	2014	29	12.18		358		4.94	%	1.55	%	(1.10	)%
	2013	40	12.31		492		4.62	%	1.55	%	(1.44	)%
	2012	44	12.49		550		5.20	%	1.55	%	13.02	%
Pimco VIT Commodity Real Return (Pinnacle )
	2016	20	4.33		85		1.01	%	1.35	%	13.32	%
	2015	22	3.82		84		4.42	%	1.35	%	(26.67	)%
	2014	22	5.21		115		0.27	%	1.35	%	(19.72	)%
	2013	19	6.49		125		1.23	%	1.35	%	(15.87	)%
	2012	30	7.71		234		5.62	%	1.35	%	3.70	%
Pimco VIT Commodity Real Return (Pinnacle IV )
	2016	13	4.32		54		1.00	%	1.45	%	13.21	%
	2015	17	3.82		66		4.55	%	1.45	%	(26.74	)%
	2014	18	5.21		93		0.26	%	1.45	%	(19.80	)%
	2013	19	6.50		121		1.31	%	1.45	%	(15.95	)%
	2012	94	7.73		724		5.53	%	1.45	%	3.59	%
Pimco VIT Commodity Real Return (Pinnacle V )
	2016	183	4.28		784		1.01	%	1.55	%	13.09	%
	2015	195	3.79		738		4.20	%	1.55	%	(26.82	)%
	2014	158	5.18		820		0.27	%	1.55	%	(19.88	)%
	2013	137	6.46		888		1.64	%	1.55	%	(16.04	)%
	2012	160	7.70		1,228		5.83	%	1.55	%	3.49	%
Pimco VIT Commodity Real Return Strategy (AdvantEdge )
	2016	89	4.27		378		1.00	%	1.60	%	13.04	%
	2015	94	3.77		356		4.40	%	1.60	%	(26.85	)%
	2014	79	5.16		407		0.26	%	1.60	%	(19.92	)%
	2013	76	6.44		490		1.63	%	1.60	%	(16.08	)%
	2012	65	7.68		497		5.97	%	1.60	%	3.43	%
Pimco VIT Commodity Real Return Strategy (AnnuiChoice II )
	2016	26	4.44		114		1.03	%	1.15	%	13.55	%
	2015	21	3.91		81		5.45	%	1.15	%	(26.52	)%
	2014	23	5.32		125		0.27	%	1.15	%	(19.56	)%
	2013	19	6.62		129		1.57	%	1.15	%	(15.70	)%
	2012	19	7.85		151		5.38	%	1.15	%	3.91	%
Pimco VIT Commodity Real Return Strategy (Grandmaster )
	2016	20	4.33		86		1.05	%	1.35	%	13.32	%
	2015	16	3.82		59		5.27	%	1.35	%	(26.67	)%
	2014	21	5.21		110		0.26	%	1.35	%	(19.72	)%
	2013	24	6.49		155		1.45	%	1.35	%	(15.87	)%
	2012	30	7.71		231		4.62	%	1.35	%	3.70	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

147

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Advisor Class (continued):
Pimco VIT Commodity Real Return Strategy (IQ Annuity )
	2016	36	$	4.29	$	152	1.01	%	1.45	%	13.21	%
	2015	37	3.79		139		4.16	%	1.45	%	(26.74	)%
	2014	28	5.18		145		0.25	%	1.45	%	(19.80	)%
	2013	38	6.45		243		1.64	%	1.45	%	(15.95	)%
	2012	42	7.68		320		6.54	%	1.45	%	3.59	%
Pimco VIT Commodity Real Return Strategy (GrandMaster flex3 )
	2016	2	4.25		7		0.98	%	1.55	%	13.09	%
	2015	2	3.76		8		4.76	%	1.55	%	(26.82	)%
	2014	3	5.14		16		0.21	%	1.55	%	(19.88	)%
	2013	6	6.42		40		1.49	%	1.55	%	(16.04	)%
	2012	11	7.64		84		5.96	%	1.55	%	3.49	%
Pimco VIT Commodity Real Return Strategy (Pinnacle Plus Reduced M&E )
	2016	2	5.79		14		0.99	%	1.15	%	13.55	%
	2015	3	5.10		14		4.78	%	1.15	%	(26.52	)%
	2014	4	6.94		28		0.33	%	1.15	%	(19.56	)%
Pimco VIT Commodity Real Return Strategy (Pinnacle Plus )
	2016	16	4.21		66		0.99	%	1.67	%	12.96	%
	2,015	20	3.73		73		4.49	%	1.67	%	(26.90	)%
	2014	21	5.10		107		0.32	%	1.67	%	(19.98	)%
	2013	24	6.37		153		1.46	%	1.67	%	(16.14	)%
	2012	55	7.60		414		5.78	%	1.67	%	3.36	%
Pimco VIT Long Term Government (AdvantEdge )
	2016	4	9.87		43		0.20	%	1.67	%	(1.03	)%
Pimco VIT Long Term Government (AnnuiChoice II )
	2016	10	10.04		102		1.87	%	1.15	%	(0.58	)%
	2015	9	10.10		94		2.10	%	1.15	%	(2.60	)%
	2014	*-	10.37		5		2.32	%	1.15	%	22.47	%
Pimco VIT Long Term Government (Pinnacle )
	2016	2	9.96		17		1.88	%	1.60	%	(0.78	)%
Pimco VIT Long Term Government (Pinnacle IV )
	2016	*-	9.93		3		0.68	%	1.15	%	(0.88	)%
Pimco VIT Long Term Government (Pinnacle V )
	2016	1	9.89		15		0.89	%	1.60	%	(0.98	)%
Pimco VIT Low Duration (AnnuiChoice II )
	2016	13	11.46		147		1.39	%	1.15	%	0.14	%
	2015	15	11.44		170		3.84	%	1.15	%	(0.93	)%
	2,014	11	11.55		124		1.04	%	1.15	%	(0.41	)%
	2013	9	11.60		109		1.35	%	1.15	%	(1.38	)%
	2012	9	11.76		112		1.76	%	1.15	%	4.52	%
Pimco VIT Low Duration (AnnuiChoice )
	2016	*-	11.64		3		1.40	%	1.00	%	0.29	%
	2015	*-	11.61		3		3.17	%	1.00	%	(0.78	)%
	2014	*-	11.70		4		0.90	%	1.00	%	(0.26	)%
	2013	2	11.73		20		1.36	%	1.00	%	(1.23	)%
	2012	2	11.88		19		1.79	%	1.00	%	4.68	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

148

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Advisor Class (continued):
Pimco VIT Low Duration (GrandMaster flex3 )
	2016	8	$	11.10	$	91	1.39	%	1.55	%	(0.26	)%
	2015	8	11.13		91		3.33	%	1.55	%	(1.33	)%
	2014	9	11.28		99		1.04	%	1.55	%	(0.81	)%
	2013	8	11.37		88		1.37	%	1.55	%	(1.78	)%
	2012	16	11.57		188		1.58	%	1.55	%	4.10	%
Pimco VIT Low Duration (Grandmaster )
	2016	21	11.29		232		1.40	%	1.35	%	(0.06	)%
	2015	20	11.30		224		3.45	%	1.35	%	(1.13	)%
	2014	18	11.43		203		1.06	%	1.35	%	(0.61	)%
	2013	12	11.50		139		1.47	%	1.35	%	(1.58	)%
	2012	6	11.68		67		2.53	%	1.35	%	4.31	%
Pimco VIT Low Duration (IQ Annuity )
	2016	54	11.19		599		1.39	%	1.45	%	(0.16	)%
	2015	54	11.21		604		3.31	%	1.45	%	(1.23	)%
	2014	56	11.35		639		1.03	%	1.45	%	(0.71	)%
	2013	57	11.43		649		1.34	%	1.45	%	(1.68	)%
	2012	59	11.63		686		1.81	%	1.45	%	4.21	%
Pimco VIT Low Duration (Pinnacle )
	2016	2	11.29		24		1.39	%	1.35	%	(0.06	)%
	2015	2	11.30		26		3.32	%	1.35	%	(1.13	)%
	2014	2	11.43		26		1.02	%	1.35	%	(0.61	)%
	2013	3	11.50		30		1.16	%	1.35	%	(1.58	)%
	2012	4	11.68		45		1.80	%	1.35	%	4.31	%
Pimco VIT Low Duration (Pinnacle IV )
	2016	6	11.16		65		1.40	%	1.45	%	(0.16	)%
	2015	5	11.17		54		3.79	%	1.45	%	(1.23	)%
	2014	4	11.31		45		0.81	%	1.45	%	(0.71	)%
	2013	63	11.39		721		1.43	%	1.45	%	(1.68	)%
	2012	66	11.59		767		1.79	%	1.45	%	4.21	%
Pimco VIT Low Duration (AdvantEdge )
	2016	7	11.01		72		1.39	%	1.60	%	(0.32	)%
	2015	7	11.04		75		2.81	%	1.60	%	(1.38	)%
	2014	13	11.20		141		0.98	%	1.60	%	(0.86	)%
	2013	29	11.29		333		1.45	%	1.60	%	(1.83	)%
	2012	46	11.50		525		1.83	%	1.60	%	4.05	%
Pimco VIT Low Duration (Pinnacle Plus Reduced M&E )
	2016	1	10.09		13		1.44	%	1.15	%	0.14	%
	2015	1	10.08		13		3.51	%	1.15	%	(0.93	)%
	2014	*-	10.17		2		0.99	%	1.15	%	(0.41	)%
	2013	*-	10.21		2		0.10	%	1.15	%	(1.38	)%
Pimco VIT Low Duration (Pinnacle Plus )
	2016	5	10.98		56		1.48	%	1.67	%	(0.39	)%
	2015	2	11.02		21		2.14	%	1.67	%	(1.45	)%
	2014	12	11.18		132		0.97	%	1.67	%	(0.93	)%
	2013	38	11.29		426		1.46	%	1.67	%	(1.90	)%
	2012	37	11.51		423		1.78	%	1.67	%	3.97	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

149

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Advisor Class (continued):
Pimco VIT Low Duration (Pinnacle V )
	2016	80	$	11.06	$	884	1.40	%	1.55	%	(0.26	)%
	2015	75	11.09		833		3.23	%	1.55	%	(1.33	)%
	2014	81	11.23		906		1.03	%	1.55	%	(0.81	)%
	2013	87	11.33		983		1.39	%	1.55	%	(1.78	)%
	2012	76	11.53		872		1.83	%	1.55	%	4.10	%
Pimco VIT Real Return (Pinnacle IV )
	2016	6	11.70		71		2.10	%	1.45	%	3.57	%
	2015	7	11.30		77		3.92	%	1.45	%	(4.21	)%
	2014	9	11.79		101		1.14	%	1.45	%	1.50	%
	2013	44	11.62		514		1.81	%	1.45	%	(10.62	)%
	2012	72	13.00		934		6.42	%	1.45	%	7.06	%
Pimco VIT Real Return (AdvantEdge )
	2016	2	11.54		23		1.97	%	1.60	%	3.41	%
	2015	3	11.16		33		1.85	%	1.60	%	(4.36	)%
	2014	10	11.67		115		0.93	%	1.60	%	1.34	%
	2013	4	11.52		50		0.99	%	1.60	%	(10.76	)%
	2012	16	12.90		206		6.44	%	1.60	%	6.90	%
Pimco VIT Real Return (AnnuiChoice II )
	2016	18	12.02		211		2.24	%	1.15	%	3.88	%
	2015	15	11.57		177		4.30	%	1.15	%	(3.92	)%
	2014	13	12.04		159		1.38	%	1.15	%	1.81	%
	2013	16	11.83		190		1.93	%	1.15	%	(10.35	)%
	2012	23	13.19		306		7.77	%	1.15	%	7.39	%
Pimco VIT Real Return (AnnuiChoice )
	2016	7	12.19		84		2.10	%	1.00	%	4.04	%
	2015	8	11.71		93		4.07	%	1.00	%	(3.77	)%
	2014	8	12.17		97		1.30	%	1.00	%	1.96	%
	2013	9	11.94		105		0.96	%	1.00	%	(10.21	)%
	2012	34	13.30		451		6.19	%	1.00	%	7.55	%
Pimco VIT Real Return (GrandMaster flex3 )
	2016	6	11.61		74		2.18	%	1.55	%	3.46	%
	2015	4	11.22		50		4.14	%	1.55	%	(4.31	)%
	2014	4	11.73		43		1.31	%	1.55	%	1.39	%
	2013	4	11.57		42		1.93	%	1.55	%	(10.71	)%
	2012	5	12.96		69		6.13	%	1.55	%	6.95	%
Pimco VIT Real Return (Grandmaster )
	2016	3	11.82		33		2.24	%	1.35	%	3.67	%
	2015	3	11.40		29		3.90	%	1.35	%	(4.11	)%
	2014	3	11.89		32		1.72	%	1.35	%	1.60	%
	2013	11	11.70		126		2.08	%	1.35	%	(10.53	)%
	2012	18	13.08		241		7.78	%	1.35	%	7.17	%
Pimco VIT Real Return (IQ Annuity )
	2016	21	11.72		241		2.17	%	1.45	%	3.57	%
	2015	21	11.31		237		4.05	%	1.45	%	(4.21	)%
	2014	21	11.81		248		1.31	%	1.45	%	1.50	%
	2013	21	11.63		247		2.39	%	1.45	%	(10.62	)%
	2012	21	13.02		276		5.92	%	1.45	%	7.06	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

150

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Advisor Class (continued):
Pimco VIT Real Return (Pinnacle )
	2016	7	$	11.82	$	85	2.18	%	1.35	%	3.67	%
	2015	8	11.40		86		4.04	%	1.35	%	(4.11	)%
	2014	8	11.89		91		1.33	%	1.35	%	1.60	%
	2013	8	11.70		93		1.69	%	1.35	%	(10.53	)%
	2012	16	13.08		206		6.24	%	1.35	%	7.17	%
Pimco VIT Real Return (Pinnacle Plus Reduced M&E )
	2016	1	10.35		5		2.23	%	1.15	%	3.88	%
	2015	1	9.97		13		3.99	%	1.15	%	(3.92	)%
	2014	1	10.37		14		1.67	%	1.15	%	1.81	%
	2013	1	10.19		7		4.98	%	1.15	%	(10.35	)%
Pimco VIT Real Return (Pinnacle Plus )
	2016	6	11.49		68		2.12	%	1.67	%	3.34	%
	2015	7	11.12		80		2.47	%	1.67	%	(4.42	)%
	2014	17	11.63		201		1.69	%	1.67	%	1.27	%
	2013	37	11.49		430		0.88	%	1.67	%	(10.82	)%
	2012	160	12.88		2,058		3.53	%	1.67	%	6.82	%
Pimco VIT Real Return (Pinnacle V )
	2016	69	11.60		796		2.19	%	1.55	%	3.46	%
	2015	67	11.21		752		3.77	%	1.55	%	(4.31	)%
	2014	76	11.71		893		1.29	%	1.55	%	1.39	%
	2013	100	11.55		1,151		2.23	%	1.55	%	(10.71	)%
	2012	114	12.94		1,475		7.26	%	1.55	%	6.95	%
Pimco VIT Total Return (Pinnacle V )
	2016	927	13.10		12,144		1.98	%	1.55	%	0.99	%
	2015	931	12.97		12,074		5.08	%	1.55	%	(1.19	)%
	2014	801	13.13		10,512		2.14	%	1.55	%	2.56	%
	2013	700	12.80		8,967		3.01	%	1.55	%	(3.58	)%
	2012	629	13.28		8,354		4.56	%	1.55	%	7.79	%
Pimco VIT Total Return (AdvantEdge )
	2016	274	13.04		3,568		1.98	%	1.60	%	0.93	%
	2015	325	12.92		4,202		4.71	%	1.60	%	(1.24	)%
	2014	381	13.08		4,988		2.07	%	1.60	%	2.51	%
	2013	422	12.76		5,392		3.07	%	1.60	%	(3.62	)%
	2012	344	13.24		4,559		4.52	%	1.60	%	7.73	%
Pimco VIT Total Return (AnnuiChoice II )
	2016	188	13.58		2,550		1.98	%	1.15	%	1.40	%
	2015	160	13.39		2,144		5.15	%	1.15	%	(0.79	)%
	2014	133	13.50		1,798		2.25	%	1.15	%	2.98	%
	2013	88	13.11		1,151		2.69	%	1.15	%	(3.18	)%
	2012	90	13.54		1,215		4.71	%	1.15	%	8.23	%
Pimco VIT Total Return (AnnuiChoice )
	2016	20	13.56		278		1.98	%	1.00	%	1.55	%
	2015	20	13.36		274		4.83	%	1.00	%	(0.63	)%
	2014	21	13.44		287		2.12	%	1.00	%	3.13	%
	2013	20	13.03		259		2.96	%	1.00	%	(3.04	)%
	2012	28	13.44		383		3.88	%	1.00	%	8.39	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

151

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Advisor Class (continued):
Pimco VIT Total Return (GrandMaster flex3 )
	2016	43	$	12.92	$	561	1.99	%	1.55	%	0.99	%
	2015	33	12.80		420		4.87	%	1.55	%	(1.19	)%
	2014	34	12.95		437		2.06	%	1.55	%	2.56	%
	2013	44	12.63		559		2.79	%	1.55	%	(3.58	)%
	2012	51	13.10		664		4.25	%	1.55	%	7.79	%
Pimco VIT Total Return (Grandmaster )
	2016	50	13.15		664		1.98	%	1.35	%	1.19	%
	2015	51	13.00		666		4.61	%	1.35	%	(0.99	)%
	2014	61	13.13		801		2.04	%	1.35	%	2.77	%
	2013	75	12.78		957		2.95	%	1.35	%	(3.38	)%
	2012	80	13.22		1,063		4.67	%	1.35	%	8.01	%
Pimco VIT Total Return (IQ Annuity )
	2016	65	13.04		848		1.98	%	1.45	%	1.09	%
	2015	66	12.90		850		4.79	%	1.45	%	(1.09	)%
	2014	71	13.04		926		2.09	%	1.45	%	2.66	%
	2013	76	12.70		961		2.92	%	1.45	%	(3.48	)%
	2012	80	13.16		1,056		4.50	%	1.45	%	7.90	%
Pimco VIT Total Return (Pinnacle )
	2016	31	13.15		414		2.03	%	1.35	%	1.19	%
	2015	46	13.00		601		4.83	%	1.35	%	(0.99	)%
	2014	47	13.13		622		2.01	%	1.35	%	2.77	%
	2013	58	12.78		746		2.84	%	1.35	%	(3.38	)%
	2012	72	13.22		945		4.20	%	1.35	%	8.01	%
Pimco VIT Total Return (Pinnacle IV )
	2016	31	13.22		408		1.98	%	1.45	%	1.09	%
	2015	37	13.08		484		4.85	%	1.45	%	(1.09	)%
	2014	40	13.22		535		2.04	%	1.45	%	2.67	%
	2013	66	12.88		845		2.80	%	1.45	%	(3.48	)%
	2012	99	13.34		1,322		4.37	%	1.45	%	7.90	%
Pimco VIT Total Return (Pinnacle Plus Reduced M&E )
	2016	8	10.88		85		1.95	%	1.15	%	1.40	%
	2015	3	10.73		36		5.11	%	1.15	%	(0.79	)%
	2014	2	10.82		20		1.61	%	1.15	%	2.98	%
	2013	10	10.50		109		2.04	%	1.15	%	(3.18	)%
	2012	1	10.85		13		4.52	%	1.15	%	8.23	%
Pimco VIT Total Return (Pinnacle Plus )
	2016	42	12.79		532		1.99	%	1.67	%	0.86	%
	2015	46	12.68		582		4.57	%	1.67	%	(1.31	)%
	2014	58	12.85		750		2.07	%	1.67	%	2.44	%
	2013	82	12.54		1,034		2.23	%	1.67	%	(3.69	)%
	2012	190	13.02		2,471		5.19	%	1.67	%	7.66	%
Investor Class:
Guggenheim VT Global Managed Future Strategy (Pinnacle )
	2016	*-	6.18		1		1.16	%	1.35	%	(15.92	)%
	2015	3	7.35		20		0.46	%	1.35	%	(2.88	)%
	2014	3	7.57		22		—	%	1.35	%	10.57	%
	2013	*-	6.85		2		—	%	1.35	%	1.21	%
	2012	1	6.77		6		—	%	1.35	%	(12.41	)%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

152

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Investor Class (continued):
Guggenheim VT Global Managed Future Strategy (Pinnacle IV )
	2016	*-	$	6.13	$	3	3.13	%	1.45	%	(16.00	)%
	2015	2	7.30		15		2.21	%	1.45	%	(2.97	)%
	2014	2	7.52		18		—	%	1.45	%	10.46	%
	2013	1	6.81		5		—	%	1.45	%	1.10	%
	2012	2	6.74		13		—	%	1.45	%	(12.50	)%
Guggenheim VT Global Managed Future Strategy (Pinnacle V )
	2016	24	6.08		148		3.68	%	1.55	%	(16.09	)%
	2015	32	7.25		232		2.31	%	1.55	%	(3.07	)%
	2014	35	7.48		260		—	%	1.55	%	10.35	%
	2013	21	6.78		139		—	%	1.55	%	1.00	%
	2012	22	6.71		148		—	%	1.55	%	(12.59	)%
Guggenheim VT Global Managed Futures Strategies (AdvantEdge )
	2016	16	6.06		99		3.79	%	1.60	%	(16.13	)%
	2015	15	7.22		112		2.42	%	1.60	%	(3.12	)%
	2014	14	7.45		104		—	%	1.60	%	10.29	%
	2013	21	6.76		141		—	%	1.60	%	0.95	%
	2012	19	6.70		127		—	%	1.60	%	(12.63	)%
Guggenheim VT Global Managed Futures Strategies (AnnuiChoice II )
	2016	4	6.29		27		3.64	%	1.15	%	(15.74	)%
	2015	4	7.46		33		2.15	%	1.15	%	(2.68	)%
	2014	5	7.67		39		—	%	1.15	%	10.80	%
	2013	3	6.92		18		—	%	1.15	%	1.41	%
	2012	2	6.82		15		—	%	1.15	%	(12.23	)%
Guggenheim VT Global Managed Futures Strategies (AnnuiChoice )
	2016	1	6.36		7		3.69	%	1.00	%	(15.62	)%
	2015	1	7.54		10		2.44	%	1.00	%	(2.53	)%
	2014	2	7.74		13		—	%	1.00	%	10.96	%
	2013	1	6.97		7		—	%	1.00	%	1.56	%
	2012	1	6.86		7		—	%	1.00	%	(12.10	)%
Guggenheim VT Global Managed Futures Strategies (Grandmaster )
	2016	*-	6.18		1		3.25	%	1.35	%	(15.92	)%
	2015	*-	7.35		3		2.19	%	1.35	%	(2.88	)%
	2014	1	7.57		8		—	%	1.35	%	10.57	%
	2013	2	6.85		12		—	%	1.35	%	1.21	%
	2012	2	6.77		12		—	%	1.35	%	(12.41	)%
Guggenheim VT Global Managed Futures Strategies (Pinnacle Plus Reduced M&E )
	2016	1	7.51		9		5.47	%	1.15	%	(15.74	)%
	2015	1	8.91		6		2.62	%	1.15	%	(2.68	)%
	2014	1	9.16		12		—	%	1.15	%	10.80	%
Guggenheim VT Global Managed Futures Strategies (Pinnacle Plus )
	2016	2	6.02		11		2.97	%	1.67	%	(16.19	)%
	2015	3	7.19		21		2.29	%	1.67	%	(3.19	)%
	2014	3	7.42		23		—	%	1.67	%	10.21	%
	2013	4	6.73		25		—	%	1.67	%	0.88	%
	2012	8	6.68		52		—	%	1.67	%	(12.69	)%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

153

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Investor Class (continued):
Guggenheim VT Multi-Hedge Strategies (AdvantEdge )
	2016	14	$	8.63	$	121	0.10	%	1.60	%	(2.07	)%
	2015	14	8.81		119		0.69	%	1.60	%	0.22	%
	2014	16	8.79		141		—	%	1.60	%	2.99	%
	2013	18	8.53		154		—	%	1.60	%	0.03	%
	2012	16	8.53		137		0.64	%	1.60	%	0.58	%
Guggenheim VT Multi-Hedge Strategies (AnnuiChoice II )
	2016	3	8.98		30		0.10	%	1.15	%	(1.63	)%
	2015	5	9.13		42		0.42	%	1.15	%	0.68	%
	2014	11	9.07		100		—	%	1.15	%	3.46	%
	2013	11	8.76		100		—	%	1.15	%	0.49	%
	2012	11	8.72		99		0.83	%	1.15	%	1.04	%
Guggenheim VT Multi-Hedge Strategies (AnnuiChoice )
	2016	12	8.97		106		0.10	%	1.00	%	(1.48	)%
	2015	12	9.11		108		0.66	%	1.00	%	0.83	%
	2014	12	9.03		110		—	%	1.00	%	3.61	%
	2013	12	8.72		101		—	%	1.00	%	0.64	%
	2012	24	8.66		204		1.00	%	1.00	%	1.20	%
Guggenheim VT Multi-Hedge Strategies (Grandmaster flex3 )
	2016	2	8.55		17		0.10	%	1.55	%	(2.02	)%
	2015	2	8.73		18		0.69	%	1.55	%	0.27	%
	2014	2	8.70		22		—	%	1.55	%	3.04	%
	2013	2	8.45		17		—	%	1.55	%	0.08	%
	2012	4	8.44		35		0.78	%	1.55	%	0.63	%
Guggenheim VT Multi-Hedge Strategies (Grandmaster )
	2016	2	8.70		19		0.08	%	1.35	%	(1.83	)%
	2015	5	8.87		48		0.66	%	1.35	%	0.47	%
	2014	6	8.82		55		—	%	1.35	%	3.25	%
	2013	8	8.55		71		—	%	1.35	%	0.28	%
	2012	12	8.52		100		0.46	%	1.35	%	0.84	%
Guggenheim VT Multi-Hedge Strategies (IQ Annuity )
	2016	7	8.63		64		0.10	%	1.45	%	(1.93	)%
	2015	8	8.80		74		0.66	%	1.45	%	0.37	%
	2014	9	8.76		79		—	%	1.45	%	3.14	%
	2013	9	8.50		73		—	%	1.45	%	0.18	%
	2012	9	8.48		75		0.54	%	1.45	%	0.74	%
Guggenheim VT Multi-Hedge Strategies (Pinnacle )
	2016	8	8.70		66		0.10	%	1.35	%	(1.83	)%
	2015	8	8.87		69		0.42	%	1.35	%	0.47	%
	2014	18	8.82		163		—	%	1.35	%	3.25	%
	2013	17	8.55		148		—	%	1.35	%	0.28	%
	2012	19	8.52		165		0.63	%	1.35	%	0.84	%
Guggenheim VT Multi-Hedge Strategies (Pinnacle IV )
	2016	1	8.74		13		0.10	%	1.45	%	(1.93	)%
	2015	2	8.91		15		0.67	%	1.45	%	0.37	%
	2014	2	8.88		21		—	%	1.45	%	3.14	%
	2013	6	8.61		53		—	%	1.45	%	0.18	%
	2012	7	8.59		64		0.64	%	1.45	%	0.74	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

154

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Investor Class (continued):
Guggenheim VT Multi-Hedge Strategies (Pinnacle Plus Reduced M&E )
	2016	3	$	10.79	$	30	0.12	%	1.15	%	(1.63	)%
	2015	2	10.97		26		0.71	%	1.15	%	0.68	%
	2014	3	10.90		28		—	%	1.15	%	3.46	%
Guggenheim VT Multi-Hedge Strategies (Pinnacle Plus )
	2016	1	8.46		8		0.07	%	1.67	%	(2.14	)%
	2015	3	8.65		22		0.60	%	1.67	%	0.15	%
	2014	6	8.63		49		—	%	1.67	%	2.91	%
	2013	18	8.39		147		—	%	1.67	%	(0.04	)%
	2012	25	8.39		213		0.59	%	1.67	%	0.51	%
Guggenheim VT Multi-Hedge Strategies (Pinnacle V )
	2016	10	8.66		86		0.10	%	1.55	%	(2.02	)%
	2015	11	8.84		97		0.63	%	1.55	%	0.27	%
	2014	16	8.82		143		—	%	1.55	%	3.04	%
	2013	20	8.56		170		—	%	1.55	%	0.08	%
	2012	24	8.55		205		0.69	%	1.55	%	0.63	%
Guggenheim VT Long Short Equity (AdvantEdge )
	2016	2	9.92		16		—	%	1.60	%	(0.95	)%
	2015	2	10.01		17		—	%	1.60	%	(0.36	)%
	2014	2	10.05		20		—	%	1.60	%	1.15	%
	2013	8	9.93		77		—	%	1.60	%	15.58	%
	2012	4	8.60		37		—	%	1.60	%	2.75	%
Guggenheim VT Long Short Equity (AnnuiChoice II )
	2016	6	10.33		59		—	%	1.15	%	(0.50	)%
	2015	6	10.38		63		—	%	1.15	%	0.10	%
	2014	8	10.37		80		—	%	1.15	%	1.61	%
	2013	5	10.20		48		—	%	1.15	%	16.11	%
	2012	5	8.79		43		—	%	1.15	%	3.23	%
Guggenheim VT Long Short Equity (AnnuiChoice )
	2016	*-	10.17		2		—	%	1.00	%	(0.35	)%
	2015	*-	10.21		2		—	%	1.00	%	0.25	%
	2014	*-	10.18		4		—	%	1.00	%	1.77	%
	2013	*-	10.00		*-		—	%	1.00	%	16.28	%
	2012	*-	8.60		*-		—	%	1.00	%	3.38	%
Guggenheim VT Long Short Equity (Grandmaster )
	2016	*-	9.86		2		—	%	1.35	%	(0.70	)%
	2015	*-	9.93		2		—	%	1.35	%	(0.11	)%
	2014	1	9.94		7		—	%	1.35	%	1.41	%
	2012	*-	8.46		1		—	%	1.35	%	3.02	%
Guggenheim VT Long Short Equity (IQ Annuity )
	2016	*-	9.78		1		—	%	1.45	%	(0.80	)%
	2015	*-	9.85		1		—	%	1.45	%	(0.21	)%
	2014	1	9.87		10		—	%	1.45	%	1.31	%
Guggenheim VT Long Short Equity (Pinnacle )
	2016	1	9.86		11		—	%	1.35	%	(0.70	)%
	2015	1	9.93		14		—	%	1.35	%	(0.11	)%
	2014	3	9.94		26		—	%	1.35	%	1.41	%
	2013	1	9.80		6		—	%	1.35	%	15.87	%
	2012	1	8.46		5		—	%	1.35	%	3.02	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

155

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
Investor Class (continued):
Guggenheim VT Long Short Equity (Pinnacle IV )
	2016	2	$	10.05	$	18	—	%	1.45	%	(0.80	)%
	2015	2	10.13		20		—	%	1.45	%	(0.21	)%
	2014	3	10.15		27		—	%	1.45	%	1.31	%
	2013	2	10.02		16		—	%	1.45	%	15.76	%
	2012	1	8.66		13		—	%	1.45	%	2.91	%
Guggenheim VT Long Short Equity (Pinnacle Plus Reduced M&E )
	2016	1	11.71		7		—	%	1.15	%	(0.50	)%
	2015	1	11.77		7		—	%	1.15	%	0.10	%
	2014	1	11.76		13		—	%	1.15	%	1.61	%
Guggenheim VT Long Short Equity (Pinnacle Plus )
	2016	*-	9.59		3		—	%	1.67	%	(1.02	)%
	2015	*-	9.69		3		—	%	1.67	%	(0.43	)%
	2014	3	9.73		33		—	%	1.67	%	1.08	%
	2013	4	9.62		39		—	%	1.67	%	15.50	%
	2012	6	8.33		49		—	%	1.67	%	2.68	%
Guggenheim VT Long Short Equity (Pinnacle V )
	2016	6	9.96		56		—	%	1.55	%	(0.90	)%
	2015	6	10.05		63		—	%	1.55	%	(0.31	)%
	2014	7	10.08		72		—	%	1.55	%	1.20	%
	2013	3	9.96		29		—	%	1.55	%	15.64	%
	2012	5	8.62		41		—	%	1.55	%	2.81	%
ETF Shares:
iShares Core US Aggregate Bond ETF (Varoom ® )
	2016	1	26.96		15		2.33	%	1.75	%	0.62	%
	2015	1	26.79		16		2.25	%	1.75	%	(1.27	)%
	2014	1	27.14		17		2.59	%	1.75	%	4.13	%
	2013	1	26.06		17		2.59	%	1.75	%	(3.72	)%
	2012	1	27.06		19		3.06	%	1.75	%	1.94	%
iShares Core US Aggregate Bond ETF (Varoom GLWB 2)
	2016	1	25.66		37		2.33	%	2.55	%	(0.20	)%
	2015	1	25.71		37		2.25	%	2.55	%	(2.07	)%
	2014	1	26.26		39		2.60	%	2.55	%	3.29	%
	2013	1	25.42		38		2.27	%	2.55	%	(4.50	)%
	2012	1	26.62		36		2.76	%	2.55	%	1.11	%
iShares Core US Aggregate Bond ETF (Varoom GLWB 3)
	2016	1	25.42		27		2.36	%	1.90	%	0.47	%
	2015	1	25.30		15		2.00	%	1.90	%	(1.42	)%
iShares Core US Aggregate Bond ETF (Varoom GLWB 5)
	2016	21	24.32		507		2.34	%	2.75	%	(0.40	)%
	2015	23	24.42		552		2.27	%	2.75	%	(2.28	)%
	2014	20	24.99		507		2.61	%	2.75	%	3.08	%
	2013	16	24.24		385		2.31	%	2.75	%	(4.70	)%
	2012	8	25.44		197		3.08	%	2.75	%	0.90	%
iShares Intermediate Credit Bond ETF (Varoom GLWB 2)
	2016	*-	26.13		10		2.40	%	2.55	%	0.68	%
	2015	*-	25.95		11		2.46	%	2.55	%	(2.02	)%
	2014	*-	26.49		12		2.62	%	2.55	%	1.19	%
	2013	*-	26.17		12		2.69	%	2.55	%	(2.88	)%
	2012	*-	26.95		11		2.90	%	2.55	%	4.31	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

156

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
ETF Shares (continued):
iShares Intermediate Credit Bond ETF (Varoom GLWB 3)
	2016	2	$	26.44	$	58	2.48	%	1.90	%	1.35	%
	2015	1	26.09		26		2.47	%	1.90	%	(1.37	)%
	2014	1	26.45		27		2.64	%	1.90	%	1.86	%
	2013	1	25.96		21		4.85	%	1.90	%	(2.23	)%
iShares Intermediate Credit Bond ETF (Varoom GLWB 5)
	2016	30	25.30		752		2.44	%	2.75	%	0.47	%
	2015	20	25.18		494		2.48	%	2.75	%	(2.22	)%
	2014	17	25.75		446		2.62	%	2.75	%	0.98	%
	2013	11	25.50		279		2.47	%	2.75	%	(3.08	)%
	2012	3	26.31		82		0.82	%	2.75	%	4.09	%
iShares TIPS Bond ETF (Varoom GLWB 2)
	2016	1	25.20		19		1.47	%	2.55	%	2.01	%
	2015	1	24.71		19		0.32	%	2.55	%	(4.26	)%
	2014	1	25.81		19		1.64	%	2.55	%	0.95	%
	2013	1	25.56		18		1.04	%	2.55	%	(10.78	)%
	2012	1	28.65		17		2.67	%	2.55	%	3.62	%
iShares TIPS Bond ETF (Varoom GLWB 3)
	2016	1	23.46		26		1.71	%	1.90	%	2.69	%
	2015	*-	22.85		11		0.33	%	1.90	%	(3.62	)%
	2014	*-	23.71		12		1.64	%	1.90	%	1.62	%
	2013	*-	23.33		12		1.10	%	1.90	%	(10.19	)%
	2012	*-	25.97		13		1.78	%	1.90	%	4.32	%
iShares TIPS Bond ETF (Varoom GLWB 5)
	2016	3	22.45		63		1.49	%	2.75	%	1.80	%
	2015	5	22.05		105		0.33	%	2.75	%	(4.46	)%
	2014	4	23.08		102		1.68	%	2.75	%	0.74	%
	2013	4	22.91		91		1.25	%	2.75	%	(10.97	)%
	2012	3	25.73		68		3.65	%	2.75	%	3.41	%
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom)
	2016	*-	31.06		6		5.44	%	1.75	%	11.42	%
	2015	*-	27.88		6		5.38	%	1.75	%	(6.69	)%
	2014	*-	29.88		6		5.94	%	1.75	%	0.10	%
	2013	*-	29.85		7		8.48	%	1.75	%	4.02	%
	2012	*-	28.69		7		8.32	%	1.75	%	9.56	%
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 2)
	2016	1	29.57		42		5.44	%	2.55	%	10.51	%
	2015	1	26.76		38		5.42	%	2.55	%	(7.45	)%
	2014	1	28.91		40		5.95	%	2.55	%	(0.71	)%
	2013	1	29.12		42		6.50	%	2.55	%	3.17	%
	2012	1	28.22		34		10.10	%	2.55	%	8.66	%
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 3)
	2016	3	30.41		98		5.43	%	1.90	%	11.25	%
	2015	4	27.33		98		5.38	%	1.90	%	(6.83	)%
	2014	4	29.34		113		5.85	%	1.90	%	(0.05	)%
	2013	2	29.35		73		7.80	%	1.90	%	3.86	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

157

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
ETF Shares (continued):
iShares iBoxx $ High Yield Corporate Bond ETF (Varoom GLWB 5)
	2016	5	$	29.09	$	155	5.44	%	2.75	%	10.29	%
	2015	6	26.38		149		5.46	%	2.75	%	(7.64	)%
	2014	5	28.56		134		5.99	%	2.75	%	(0.92	)%
	2013	3	28.83		89		6.56	%	2.75	%	2.96	%
	2012	2	28.00		52		5.69	%	2.75	%	8.44	%
iShares S&P 500 Growth ETF (Varoom)
	2016	1	45.83		48		1.57	%	1.75	%	4.95	%
	2015	1	43.67		48		1.50	%	1.75	%	3.52	%
	2014	1	42.18		49		1.64	%	1.75	%	12.65	%
	2013	1	37.44		30		1.75	%	1.75	%	30.62	%
	2012	1	28.67		23		2.08	%	1.75	%	11.97	%
iShares S&P 500 Growth ETF (Varoom GLWB 1)
	2016	3	44.17		146		1.57	%	2.35	%	4.31	%
	2015	3	42.35		141		1.50	%	2.35	%	2.89	%
	2014	3	41.16		143		1.39	%	2.35	%	11.97	%
	2013	4	36.76		157		1.64	%	2.35	%	29.82	%
	2012	5	28.31		130		1.81	%	2.35	%	11.28	%
iShares S&P 500 Growth ETF (Varoom GLWB 2)
	2016	*-	43.63		10		1.58	%	2.55	%	4.09	%
	2015	*-	41.91		9		1.49	%	2.55	%	2.68	%
	2014	*-	40.82		10		1.43	%	2.55	%	11.74	%
	2013	*-	36.53		9		1.61	%	2.55	%	29.56	%
	2012	*-	28.20		8		2.23	%	2.55	%	11.05	%
iShares S&P 500 Growth ETF (Varoom GLWB 3)
	2016	3	44.57		139		1.62	%	1.90	%	4.79	%
	2015	2	42.53		97		1.60	%	1.90	%	3.37	%
	2014	2	41.15		64		1.49	%	1.90	%	12.48	%
	2013	1	36.58		30		2.86	%	1.90	%	30.42	%
iShares S&P 500 Growth ETF (Varoom GLWB 4)
	2016	40	43.09		1,743		1.58	%	2.55	%	4.09	%
	2015	38	41.39		1,573		1.57	%	2.55	%	2.68	%
	2014	30	40.31		1,212		1.52	%	2.55	%	11.74	%
	2013	18	36.08		664		1.63	%	2.55	%	29.56	%
	2012	2	27.85		44		1.13	%	2.55	%	11.05	%
iShares S&P 500 Growth ETF (Varoom GLWB 5)
	2016	2	42.64		78		1.63	%	2.75	%	3.88	%
	2015	1	41.05		37		1.62	%	2.75	%	2.47	%
	2014	*-	40.06		20		1.48	%	2.75	%	11.51	%
	2013	*-	35.92		14		1.77	%	2.75	%	29.29	%
iShares Core S&P 500 Index ETF (Varoom)
	2016	2	45.45		102		2.24	%	1.75	%	10.19	%
	2015	2	41.24		103		2.11	%	1.75	%	(0.49	)%
	2014	3	41.45		110		2.29	%	1.75	%	11.60	%
	2013	2	37.14		59		2.11	%	1.75	%	30.56	%
	2012	2	28.45		44		2.24	%	1.75	%	13.56	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

158

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
ETF Shares (continued):
iShares Core S&P 500 Index ETF (Varoom GLWB 1)
	2016	21	$	43.80	$	939	2.20	%	2.35	%	9.52	%
	2015	24	39.99		961		2.13	%	2.35	%	(1.09	)%
	2014	25	40.44		1,003		1.88	%	2.35	%	10.92	%
	2013	29	36.46		1,058		1.97	%	2.35	%	29.76	%
	2012	33	28.09		935		2.28	%	2.35	%	12.86	%
iShares Core S&P 500 Index ETF (Varoom GLWB 2)
	2016	1	43.27		30		2.23	%	2.55	%	9.30	%
	2015	1	39.58		28		2.11	%	2.55	%	(1.30	)%
	2014	1	40.10		31		1.85	%	2.55	%	10.69	%
	2013	1	36.23		39		2.00	%	2.55	%	29.50	%
	2012	1	27.98		39		2.29	%	2.55	%	12.63	%
iShares Core S&P 500 Index ETF (Varoom GLWB 3)
	2016	14	45.44		644		2.36	%	1.90	%	10.03	%
	2015	11	41.30		458		2.14	%	1.90	%	(0.64	)%
	2014	11	41.56		437		1.98	%	1.90	%	11.43	%
	2013	5	37.30		179		2.40	%	1.90	%	30.36	%
	2012	1	28.61		22		1.62	%	1.90	%	13.34	%
iShares Core S&P 500 Index ETF (Varoom GLWB 4)
	2016	448	43.93		19,683		2.23	%	2.55	%	9.30	%
	2015	463	40.19		18,609		2.15	%	2.55	%	(1.30	)%
	2014	431	40.72		17,548		2.00	%	2.55	%	10.69	%
	2013	320	36.79		11,754		2.11	%	2.55	%	29.50	%
	2012	146	28.41		4,141		2.64	%	2.55	%	12.59	%
iShares Core S&P 500 Index ETF (Varoom GLWB 5)
	2016	31	43.47		1,327		2.26	%	2.75	%	9.07	%
	2015	27	39.86		1,094		2.17	%	2.75	%	(1.50	)%
	2014	24	40.46		956		2.01	%	2.75	%	10.46	%
	2013	17	36.63		614		2.23	%	2.75	%	29.23	%
	2012	6	28.34		165		2.71	%	2.75	%	12.36	%
iShares S&P 500 Value Index ETF (Varoom GLWB 1)
	2016	1	42.65		29		2.12	%	2.35	%	14.55	%
	2015	1	37.23		48		2.36	%	2.35	%	(5.56	)%
	2014	1	39.42		50		2.22	%	2.35	%	9.53	%
	2013	1	35.99		48		2.23	%	2.35	%	28.50	%
	2012	1	28.01		41		2.54	%	2.35	%	14.73	%
iShares S&P 500 Value Index ETF (Varoom GLWB 2)
	2016	*-	42.13		10		2.48	%	2.55	%	14.32	%
	2015	*-	36.85		9		2.35	%	2.55	%	(5.75	)%
	2014	*-	39.10		10		2.21	%	2.55	%	9.31	%
	2013	*-	35.77		9		2.21	%	2.55	%	28.24	%
	2012	*-	27.89		9		2.82	%	2.55	%	14.50	%
iShares S&P 500 Value Index ETF (Varoom GLWB 3)
	2016	2	45.53		113		2.48	%	1.90	%	15.08	%
	2015	3	39.56		102		2.40	%	1.90	%	(5.12	)%
	2014	2	41.70		91		2.36	%	1.90	%	10.04	%
	2013	1	37.90		39		3.21	%	1.90	%	29.10	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

159

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
ETF Shares (continued):
iShares S&P 500 Value Index ETF (Varoom GLWB 4)
	2016	8	$	44.02	$	343	2.49	%	2.55	%	14.32	%
	2015	8	38.50		304		2.35	%	2.55	%	(5.75	)%
	2014	8	40.85		321		2.31	%	2.55	%	9.31	%
	2013	6	37.37		237		2.33	%	2.55	%	28.24	%
	2012	5	29.14		155		3.24	%	2.55	%	14.50	%
iShares S&P 500 Value Index ETF (Varoom GLWB 5)
	2016	2	43.56		86		2.55	%	2.75	%	14.09	%
	2015	2	38.18		94		2.36	%	2.75	%	(5.94	)%
	2014	2	40.60		94		2.27	%	2.75	%	9.08	%
	2013	2	37.22		70		2.36	%	2.75	%	27.98	%
	2012	2	29.08		47		3.98	%	2.75	%	14.26	%
iShares Core S&P MidCap Index ETF (Varoom)
	2016	1	44.66		56		1.78	%	1.75	%	18.57	%
	2015	1	37.66		50		1.46	%	1.75	%	(4.00	)%
	2014	1	39.23		54		1.58	%	1.75	%	7.77	%
	2013	1	36.40		35		1.55	%	1.75	%	31.35	%
	2012	1	27.71		27		1.61	%	1.75	%	16.03	%
iShares Core S&P MidCap Index ETF (Varoom GLWB 1)
	2016	7	43.04		283		1.73	%	2.35	%	17.84	%
	2015	8	36.52		283		1.47	%	2.35	%	(4.58	)%
	2014	8	38.27		301		1.36	%	2.35	%	7.11	%
	2013	9	35.73		314		1.41	%	2.35	%	30.55	%
	2012	10	27.37		281		1.56	%	2.35	%	15.31	%
iShares Core S&P MidCap Index ETF (Varoom GLWB 2)
	2016	2	42.51		100		1.78	%	2.55	%	17.60	%
	2015	2	36.15		85		1.46	%	2.55	%	(4.78	)%
	2014	2	37.96		94		1.37	%	2.55	%	6.89	%
	2013	3	35.51		97		1.50	%	2.55	%	30.28	%
	2012	3	27.26		79		2.28	%	2.55	%	15.08	%
iShares Core S&P MidCap Index ETF (Varoom GLWB 3)
	2016	4	46.03		207		1.88	%	1.90	%	18.38	%
	2015	4	38.88		141		1.49	%	1.90	%	(4.14	)%
	2014	3	40.56		132		1.42	%	1.90	%	7.60	%
	2013	2	37.69		57		1.81	%	1.90	%	31.15	%
	2012	*-	28.74		4		1.13	%	1.90	%	15.85	%
iShares Core S&P MidCap Index ETF (Varoom GLWB 4)
	2016	124	44.50		5,533		1.76	%	2.55	%	17.60	%
	2015	133	37.84		5,041		1.50	%	2.55	%	(4.78	)%
	2014	121	39.74		4,808		1.46	%	2.55	%	6.89	%
	2013	85	37.18		3,147		1.51	%	2.55	%	30.28	%
	2012	39	28.54		1,105		1.94	%	2.55	%	15.08	%
iShares Core S&P MidCap Index ETF (Varoom GLWB 5)
	2016	10	44.04		448		1.78	%	2.75	%	17.36	%
	2015	9	37.53		345		1.51	%	2.75	%	(4.97	)%
	2014	8	39.49		310		1.47	%	2.75	%	6.67	%
	2013	5	37.02		185		1.68	%	2.75	%	30.02	%
	2012	2	28.47		45		2.17	%	2.75	%	14.84	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

160

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
ETF Shares (continued):
iShares Core S&P Small Cap Index ETF (Varoom)
	2016	1	$	48.34	$	40	1.43	%	1.75	%	24.39	%
	2015	1	38.86		33		1.41	%	1.75	%	(3.78	)%
	2014	1	40.39		36		1.39	%	1.75	%	3.92	%
	2013	1	38.86		27		1.26	%	1.75	%	39.45	%
	2012	1	27.87		19		1.91	%	1.75	%	13.89	%
iShares Core S&P Small Cap Index ETF (Varoom GLWB 1)
	2016	3	46.59		144		1.38	%	2.35	%	23.63	%
	2015	4	37.68		141		1.41	%	2.35	%	(4.37	)%
	2014	4	39.40		152		1.25	%	2.35	%	3.28	%
	2013	4	38.15		158		1.12	%	2.35	%	38.60	%
	2012	5	27.52		141		1.79	%	2.35	%	13.19	%
iShares Core S&P Small Cap Index ETF (Varoom GLWB 2)
	2016	1	46.01		56		1.43	%	2.55	%	23.38	%
	2015	1	37.30		46		1.41	%	2.55	%	(4.56	)%
	2014	1	39.08		50		1.27	%	2.55	%	3.07	%
	2013	1	37.91		48		1.21	%	2.55	%	38.32	%
	2012	1	27.41		38		2.71	%	2.55	%	12.96	%
iShares Core S&P Small Cap Index ETF (Varoom GLWB 3)
	2016	3	49.74		142		1.50	%	1.90	%	24.20	%
	2015	2	40.05		88		1.48	%	1.90	%	(3.93	)%
	2014	2	41.69		65		1.30	%	1.90	%	3.76	%
	2013	1	40.18		35		1.43	%	1.90	%	39.24	%
	2012	*-	28.85		2		1.48	%	1.90	%	13.70	%
iShares Core S&P Small Cap Index ETF (Varoom GLWB 4)
	2016	59	48.09		2,824		1.40	%	2.55	%	23.38	%
	2015	65	38.98		2,522		1.43	%	2.55	%	(4.56	)%
	2014	60	40.84		2,436		1.35	%	2.55	%	3.07	%
	2013	40	39.62		1,581		1.21	%	2.55	%	38.32	%
	2012	19	28.65		556		2.26	%	2.55	%	12.94	%
iShares Core S&P Small Cap Index ETF (Varoom GLWB 5)
	2016	8	47.59		386		1.43	%	2.75	%	23.13	%
	2015	8	38.65		296		1.44	%	2.75	%	(4.76	)%
	2014	7	40.58		272		1.42	%	2.75	%	2.86	%
	2013	3	39.46		125		1.32	%	2.75	%	38.03	%
	2012	1	28.58		23		2.64	%	2.75	%	12.71	%
iShares International Treasury Bond (Varoom)
	2016	1	22.30		17		0.63	%	1.75	%	(0.91	)%
	2015	1	22.50		17		0.11	%	1.75	%	(8.86	)%
	2014	1	24.69		19		1.40	%	1.75	%	(4.43	)%
	2013	*-	25.83		12		2.12	%	1.75	%	(2.80	)%
	2012	*-	26.58		13		2.61	%	1.75	%	3.64	%
iShares International Treasury Bond (Varoom GLWB 1)
	2016	6	21.49		132		0.65	%	2.35	%	(1.51	)%
	2015	7	21.82		146		0.12	%	2.35	%	(9.42	)%
	2014	6	24.09		148		1.33	%	2.35	%	(5.01	)%
	2013	6	25.36		153		1.77	%	2.35	%	(3.39	)%
	2012	5	26.25		139		2.31	%	2.35	%	3.01	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

161

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
ETF Shares (continued):
iShares International Treasury Bond (Varoom GLWB 3)
	2016	2	$	22.13	$	40	0.85	%	1.90	%	(1.06	)%
	2015	1	22.36		27		0.12	%	1.90	%	(9.00	)%
	2014	1	24.58		31		1.28	%	1.90	%	(4.57	)%
	2013	*-	25.75		9		1.52	%	1.90	%	(2.94	)%
	2012	*-	26.54		2		0.30	%	1.90	%	3.48	%
iShares International Treasury Bond (Varoom GLWB 4)
	2016	120	21.39		2,573		0.66	%	2.55	%	(1.71	)%
	2015	118	21.77		2,557		0.12	%	2.55	%	(9.60	)%
	2014	96	24.08		2,313		1.31	%	2.55	%	(5.21	)%
	2013	60	25.40		1,526		1.64	%	2.55	%	(3.59	)%
	2012	21	26.35		543		1.25	%	2.55	%	2.80	%
iShares International Treasury Bond (Varoom GLWB 5)
	2016	*-	21.17		3		0.69	%	2.75	%	(1.92	)%
	2015	*-	21.58		3		0.11	%	2.75	%	(9.79	)%
	2014	*-	23.93		3		1.34	%	2.75	%	(5.40	)%
	2013	*-	25.29		3		1.91	%	2.75	%	(3.78	)%
Vanguard Dividend Appreciation Index Fund ETF (Varoom)
	2016	*-	41.43		8		2.22	%	1.75	%	10.03	%
	2015	*-	37.65		8		2.28	%	1.75	%	(3.64	)%
	2014	*-	39.07		8		2.05	%	1.75	%	8.14	%
	2013	*-	36.13		8		2.67	%	1.75	%	27.22	%
	2012	*-	28.40		7		3.05	%	1.75	%	9.11	%
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 2)
	2016	7	39.44		295		2.22	%	2.55	%	9.13	%
	2015	8	36.14		278		2.28	%	2.55	%	(4.42	)%
	2014	8	37.81		296		2.05	%	2.55	%	7.26	%
	2013	8	35.25		290		2.09	%	2.55	%	26.18	%
	2012	9	27.93		239		3.18	%	2.55	%	8.22	%
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 3)
	2016	6	39.98		258		2.25	%	1.90	%	9.86	%
	2015	6	36.39		218		2.29	%	1.90	%	(3.79	)%
	2014	6	37.82		219		2.12	%	1.90	%	7.98	%
	2013	4	35.03		131		2.90	%	1.90	%	27.02	%
	2012	*-	27.58		7		2.64	%	1.90	%	8.95	%
Vanguard Dividend Appreciation Index Fund ETF (Varoom GLWB 5)
	2016	25	38.25		939		2.22	%	2.75	%	8.91	%
	2015	26	35.12		905		2.32	%	2.75	%	(4.62	)%
	2014	23	36.82		847		2.13	%	2.75	%	7.04	%
	2013	16	34.40		550		2.25	%	2.75	%	25.92	%
	2012	8	27.32		222		3.54	%	2.75	%	8.00	%
Vanguard Emerging Markets Index Fund ETF (Varoom)
	2016	1	20.06		20		2.58	%	1.75	%	10.22	%
	2015	1	18.20		18		2.73	%	1.75	%	(17.29	)%
	2014	1	22.00		22		2.63	%	1.75	%	(1.80	)%
	2013	1	22.40		22		2.78	%	1.75	%	(6.43	)%
	2012	1	23.94		24		2.58	%	1.75	%	19.52	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

162

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
ETF Shares (continued):
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 2)
	2016	4	$	19.09	$	70	2.52	%	2.55	%	9.33	%
	2015	4	17.46		67		2.77	%	2.55	%	(17.97	)%
	2014	3	21.29		71		2.60	%	2.55	%	(2.60	)%
	2013	3	21.86		72		2.72	%	2.55	%	(7.19	)%
	2012	3	23.55		64		5.61	%	2.55	%	18.55	%
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 3)
	2016	3	23.33		63		2.55	%	1.90	%	10.06	%
	2015	3	21.20		63		2.71	%	1.90	%	(17.42	)%
	2014	3	25.67		79		2.63	%	1.90	%	(1.95	)%
	2013	3	26.18		82		4.64	%	1.90	%	(6.57	)%
	2012	*-	28.02		7		4.31	%	1.90	%	19.34	%
Vanguard Emerging Markets Index Fund ETF (Varoom GLWB 5)
	2016	10	22.32		233		2.56	%	2.75	%	9.10	%
	2015	10	20.46		197		2.84	%	2.75	%	(18.14	)%
	2014	7	24.99		181		2.85	%	2.75	%	(2.80	)%
	2013	3	25.71		89		3.80	%	2.75	%	(7.38	)%
	2012	1	27.76		22		3.80	%	2.75	%	18.30	%
Vanguard Developed Markets Index FundETF (Varoom)
	2016	1	27.59		26		3.07	%	1.75	%	0.85	%
	2015	1	27.36		26		2.71	%	1.75	%	(2.10	)%
	2014	1	27.95		27		3.35	%	1.75	%	(7.65	)%
	2013	1	30.26		21		3.15	%	1.75	%	19.98	%
	2012	1	25.22		18		3.55	%	1.75	%	19.93	%
Vanguard Developed Markets Index FundETF (Varoom GLWB 1)
	2016	5	26.59		138		3.08	%	2.35	%	0.24	%
	2015	5	26.53		143		2.70	%	2.35	%	(2.70	)%
	2014	5	27.26		145		3.38	%	2.35	%	(8.21	)%
	2013	5	29.70		157		2.75	%	2.35	%	19.25	%
	2012	6	24.91		144		6.94	%	2.35	%	19.19	%
Vanguard Developed Markets Index FundETF (Varoom GLWB 2)
	2016	*-	26.26		3		3.09	%	2.55	%	0.03	%
	2015	*-	26.26		3		2.61	%	2.55	%	(2.90	)%
	2014	*-	27.04		4		3.34	%	2.55	%	(8.40	)%
	2013	*-	29.52		7		2.77	%	2.55	%	19.00	%
	2012	*-	24.81		8		3.26	%	2.55	%	18.95	%
Vanguard Developed Markets Index FundETF (Varoom GLWB 3)
	2016	2	30.97		47		3.29	%	1.90	%	0.70	%
	2015	1	30.75		33		2.70	%	1.90	%	(2.25	)%
	2014	1	31.46		32		3.47	%	1.90	%	(7.79	)%
	2013	*-	34.12		8		2.24	%	1.90	%	19.80	%
	2012	*-	28.48		2		1.93	%	1.90	%	19.74	%
Vanguard Developed Markets Index FundETF (Varoom GLWB 4)
	2016	89	29.94		2,679		3.09	%	2.55	%	0.03	%
	2015	85	29.93		2,531		2.74	%	2.55	%	(2.90	)%
	2014	74	30.83		2,293		3.43	%	2.55	%	(8.40	)%
	2013	47	33.65		1,567		2.82	%	2.55	%	19.00	%
	2012	20	28.28		563		5.07	%	2.55	%	18.95	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

163

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
ETF Shares (continued):
Vanguard Developed Markets Index FundETF (Varoom GLWB 5)
	2016	6	$	29.63	$	164	3.16	%	2.75	%	(0.17	)%
	2015	5	29.68		138		2.75	%	2.75	%	(3.10	)%
	2014	3	30.63		103		3.39	%	2.75	%	(8.59	)%
	2013	1	33.51		41		2.79	%	2.75	%	18.76	%
	2012	*-	28.22		4		5.87	%	2.75	%	18.70	%
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom)
	2016	1	30.49		17		3.21	%	1.75	%	3.41	%
	2015	1	29.49		17		3.26	%	1.75	%	(0.85	)%
	2014	1	29.74		18		3.34	%	1.75	%	5.77	%
	2013	1	28.12		18		4.23	%	1.75	%	(3.82	)%
	2012	1	29.23		20		4.26	%	1.75	%	8.74	%
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 2)
	2016	1	29.03		30		3.22	%	2.55	%	2.57	%
	2015	1	28.30		30		3.27	%	2.55	%	(1.65	)%
	2014	1	28.78		30		3.36	%	2.55	%	4.91	%
	2013	1	27.43		29		3.89	%	2.55	%	(4.60	)%
	2012	1	28.75		28		3.83	%	2.55	%	7.86	%
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 3)
	2016	2	28.64		59		3.28	%	1.90	%	3.25	%
	2015	1	27.74		36		3.27	%	1.90	%	(1.00	)%
	2014	1	28.02		38		3.40	%	1.90	%	5.61	%
	2013	1	26.53		24		6.45	%	1.90	%	(3.96	)%
Vanguard Intermediate-Term Corporate Bond Index ETF (Varoom GLWB 5)
	2016	*-	27.40		11		3.23	%	2.75	%	2.36	%
	2015	*-	26.77		10		3.31	%	2.75	%	(1.86	)%
	2014	*-	27.28		9		3.36	%	2.75	%	4.69	%
	2013	*-	26.05		9		4.47	%	2.75	%	(4.80	)%
	2012	*-	27.37		8		2.80	%	2.75	%	7.63	%
Vanguard Large-Cap Index ETF (Varoom)
	2016	*-	44.88		9		2.10	%	1.75	%	9.81	%
	2015	*-	40.87		9		1.92	%	1.75	%	(0.74	)%
	2014	*-	41.17		9		1.82	%	1.75	%	11.38	%
	2013	*-	36.96		9		2.52	%	1.75	%	30.88	%
	2012	*-	28.24		7		2.90	%	1.75	%	13.64	%
Vanguard Large-Cap Index ETF (Varoom GLWB 2)
	2016	3	42.72		142		2.11	%	2.55	%	8.92	%
	2015	3	39.22		128		1.91	%	2.55	%	(1.55	)%
	2014	3	39.84		137		1.80	%	2.55	%	10.48	%
	2013	4	36.06		140		2.04	%	2.55	%	29.82	%
	2012	4	27.78		109		3.58	%	2.55	%	12.71	%
Vanguard Large-Cap Index ETF (Varoom GLWB 3)
	2016	1	45.16		53		2.10	%	1.90	%	9.65	%
	2015	1	41.18		49		2.00	%	1.90	%	(0.89	)%
	2014	1	41.55		35		1.97	%	1.90	%	11.21	%
	2013	*-	37.36		14		2.66	%	1.90	%	30.68	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

164

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

							Investment
		Units	Unit		Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value		(000s)		Ratio (1)		Ratio (1)		Return (2)
ETF Shares (continued):
Vanguard Large-Cap Index ETF (Varoom GLWB 5)
	2016	11	$	43.20	$	496	2.11	%	2.75	%	8.70	%
	2015	10	39.75		405		1.95	%	2.75	%	(1.75	)%
	2014	9	40.45		352		1.93	%	2.75	%	10.25	%
	2013	6	36.69		216		2.15	%	2.75	%	29.55	%
	2012	4	28.32		99		2.78	%	2.75	%	12.48	%
Vanguard Mega Cap Index ETF (Varoom)
	2016	1	45.49		30		2.27	%	1.75	%	9.95	%
	2015	1	41.37		28		2.07	%	1.75	%	(0.34	)%
	2014	1	41.52		29		1.91	%	1.75	%	11.35	%
	2013	1	37.28		28		2.30	%	1.75	%	30.42	%
	2012	1	28.59		22		2.57	%	1.75	%	13.43	%
Vanguard Mega Cap Index ETF (Varoom GLWB 2)
	2016	*-	43.31		14		2.26	%	2.55	%	9.06	%
	2015	*-	39.71		13		2.07	%	2.55	%	(1.15	)%
	2014	*-	40.17		14		1.90	%	2.55	%	10.45	%
	2013	*-	36.37		13		2.05	%	2.55	%	29.36	%
	2012	*-	28.12		11		2.28	%	2.55	%	12.50	%
Vanguard Mega Cap Index ETF (Varoom GLWB 5)
	2016	2	43.39		82		2.27	%	2.75	%	8.84	%
	2015	2	39.87		83		2.07	%	2.75	%	(1.36	)%
	2014	2	40.42		86		2.11	%	2.75	%	10.22	%
	2013	1	36.67		48		2.06	%	2.75	%	29.10	%
	2012	1	28.40		29		4.01	%	2.75	%	12.27	%
Vanguard REIT Index ETF (Varoom GLWB 2)
	2016	1	41.40		49		4.85	%	2.55	%	5.85	%
	2015	1	39.11		45		3.86	%	2.55	%	(0.19	)%
	2014	1	39.18		47		3.86	%	2.55	%	27.02	%
	2013	1	30.85		41		4.41	%	2.55	%	(0.11	)%
	2012	1	30.88		34		6.06	%	2.55	%	14.29	%
Vanguard REIT Index ETF (Varoom GLWB 3)
	2016	1	41.84		55		5.09	%	1.90	%	6.56	%
	2015	1	39.27		40		4.19	%	1.90	%	0.48	%
	2014	1	39.08		30		4.13	%	1.90	%	27.86	%
	2013	1	30.56		18		6.15	%	1.90	%	0.56	%
	2012	*-	30.39		6		3.83	%	1.90	%	15.05	%
Vanguard REIT Index ETF (Varoom GLWB 5)
	2016	7	40.03		274		4.82	%	2.75	%	5.64	%
	2015	6	37.90		220		3.96	%	2.75	%	(0.39	)%
	2014	5	38.05		198		4.06	%	2.75	%	26.76	%
	2013	5	30.01		136		5.38	%	2.75	%	(0.31	)%
	2012	1	30.11		38		5.03	%	2.75	%	14.05	%
Vanguard Total Bond Market Index ETF (Varoom)
	2016	2	27.00		63		2.40	%	1.75	%	0.73	%
	2015	2	26.80		67		2.43	%	1.75	%	(1.19	)%
	2014	3	27.13		71		2.43	%	1.75	%	4.05	%
	2013	1	26.07		19		2.97	%	1.75	%	(3.89	)%
	2012	1	27.13		19		3.51	%	1.75	%	2.05	%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

165

Separate Account I

of

National Integrity Life Insurance Company

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

						Investment
		Units	Unit	Net Assets		Income		Expense		Total
Subaccount	Year	(000s)	Value	(000s)		Ratio (1)		Ratio (1)		Return (2)
ETF Shares (continued):
Vanguard Total Bond Market Index ETF (Varoom GLWB 1)
	2016	36	$ 26.02	$	946	2.40	%	2.35	%	0.11	%
	2015	39	25.99	1,016		2.43	%	2.35	%	(1.80	)%
	2014	39	26.47	1,043		2.52	%	2.35	%	3.41	%
	2013	42	25.59	1,063		2.69	%	2.35	%	(4.48	)%
	2012	36	26.79	964		3.43	%	2.35	%	1.43	%
Vanguard Total Bond Market Index ETF (Varoom GLWB 2)
	2016	15	25.70	391		2.40	%	2.55	%	(0.09	)%
	2015	15	25.73	390		2.52	%	2.55	%	(2.00	)%
	2014	15	26.25	404		2.52	%	2.55	%	3.20	%
	2013	16	25.44	399		2.88	%	2.55	%	(4.67	)%
	2012	13	26.68	335		4.74	%	2.55	%	1.22	%
Vanguard Total Bond Market Index ETF (Varoom GLWB 3)
	2016	18	25.38	455		2.45	%	1.90	%	0.57	%
	2015	14	25.24	341		2.50	%	1.90	%	(1.34	)%
	2014	13	25.58	340		2.55	%	1.90	%	3.89	%
	2013	9	24.62	211		3.54	%	1.90	%	(4.04	)%
	2012	1	25.66	14		2.21	%	1.90	%	1.90	%
Vanguard Total Bond Market Index ETF (Varoom GLWB 4)
	2016	753	24.54	18,466		2.41	%	2.55	%	(0.09	)%
	2015	730	24.56	17,933		2.44	%	2.55	%	(2.00	)%
	2014	655	25.06	16,426		2.56	%	2.55	%	3.20	%
	2013	437	24.29	10,602		2.72	%	2.55	%	(4.67	)%
	2012	148	25.48	3,767		3.49	%	2.55	%	1.22	%
Vanguard Total Bond Market Index ETF (Varoom GLWB 5)
	2016	58	24.28	1,398		2.41	%	2.75	%	(0.30	)%
	2015	53	24.36	1,288		2.45	%	2.75	%	(2.20	)%
	2014	45	24.90	1,126		2.58	%	2.75	%	2.99	%
	2013	26	24.18	634		2.81	%	2.75	%	(4.87	)%
	2012	10	25.42	247		3.99	%	2.75	%	1.01	%
Vanguard Short Term Bond ETF (Varoom GLWB 3)
	2016	3	24.02	66		1.46	%	1.90	%	(0.59	)%
	2015	3	24.16	62		1.29	%	1.90	%	(0.99	)%
	2014	3	24.40	69		1.21	%	1.90	%	(0.56	)%
	2013	3	24.54	71		2.18	%	1.90	%	(1.76	)%
Vanguard Short Term Bond ETF (Varoom GLWB 5)
	2016	1	23.06	30		1.46	%	2.75	%	(1.45	)%
	2015	1	23.40	28		1.31	%	2.75	%	(1.85	)%
	2014	1	23.84	26		1.22	%	2.75	%	(1.42	)%
	2013	1	24.18	19		1.47	%	2.75	%	(2.61	)%
	2012	1	24.83	18		0.76	%	2.75	%	(0.67	)%
(1) Results for periods of less than one year have been annualized.
(2) Results for periods of less than one year have not been annualized.
* - Less than 500.

166

STATUTORY-BASIS FINANCIAL STATEMENTS AND SCHEDULES

National Integrity Life Insurance Company

Years Ended December 31, 2016, 2015 and 2014

With Report of Independent Auditors

National Integrity Life Insurance Company

Statutory-Basis Financial Statements and Schedules

Years Ended December 31, 2016, 2015 and 2014

Contents

Report of Independent Auditors	1
Financial Statements
Balance Sheets (Statutory-Basis)	3
Statements of Operations (Statutory-Basis)	4
Statements of Changes in Capital and Surplus (Statutory-Basis)	5
Statements of Cash Flow (Statutory-Basis)	6
Notes to Financial Statements (Statutory-Basis)	7
Financial Statement Schedules (Statutory-Basis)
Schedule I - Summary of Investments - Other Than Investments in Related Parties (Statutory-Basis)	39
Schedule III - Supplementary Insurance Information (Statutory-Basis)	40
Schedule IV - Reinsurance (Statutory-Basis)	41

Report of Independent Auditors

The Board of Directors

National Integrity Life Insurance Company

We have audited the accompanying statutory-basis financial statements of National Integrity Life Insurance Company, which comprise the balance sheets as of December 31, 2016 and 2015, and the related statements of operations, changes in capital and surplus, and cash flow for each of the three years in the period ended December 31, 2016, and the related notes to the financial statements.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in conformity with accounting practices prescribed or permitted by the New York Department of Financial Services, Division of Insurance. Management also is responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free of material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

1

Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles

As described in Note 1 to the financial statements, to meet the requirements of New York, the financial statements have been prepared in conformity with accounting practices prescribed or permitted by the New York Department of Financial Services, Division of Insurance, which practices differ from U.S. generally accepted accounting principles. The variances between such practices and U.S. generally accepted accounting principles are described in Note 1. The effects on the accompanying financial statements of these variances are not reasonably determinable but are presumed to be material.

Adverse Opinion on U.S. Generally Accepted Accounting Principles

In our opinion, because of the effects of the matter described in the preceding paragraph, the statutory-basis financial statements referred to above do not present fairly, in conformity with U.S. generally accepted accounting principles, the financial position of National Integrity Life Insurance Company at December 31, 2016 and 2015, or the results of its operations or its cash flows for each of the three years in the period ended December 31, 2016.

Opinion on Statutory-Basis of Accounting

However, in our opinion, the statutory-basis financial statements referred to above present fairly, in all material respects, the financial position of National Integrity Life Insurance Company at December 31, 2016 and 2015, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2016, in conformity with accounting practices prescribed or permitted by the New York Department of Financial Services, Division of Insurance.

Supplementary Information

Our audits were conducted for the purpose of forming an opinion on the statutory-basis financial statements as a whole. The accompanying statutory-basis financial statement supplementary information listed in Schedules I, III, and IV is presented for purposes of additional analysis and is not a required part of the statutory-basis financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the statutory-basis financial statements. The information has been subjected to the auditing procedures applied in the audit of the statutory-basis financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the statutory-basis financial statements or to the statutory-basis financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States. In our opinion, the information is fairly stated, in all material respects, in relation to the statutory-basis financial statements as a whole.

/s/ Ernst & Young LLP

Cincinnati, Ohio

April 28, 2017

2

National Integrity Life Insurance Company

Balance Sheets (Statutory-Basis)

	December 31
	2016			2015
Admitted assets	(In Thousands)
Cash and invested assets:
Debt securities	$	2,518,863		$	2,569,903
Preferred and common stocks	33,549			38,971
Mortgage loans	134,490			85,473
Policy loans	47,413			46,485
Cash, cash equivalents and short-term investments	23,282			1,363
Receivable for securities	4,560			5,961
Securities lending reinvested collateral assets	49,243			80,810
Other invested assets	68,885			60,744
Total cash and invested assets	2,880,285			2,889,710
Investment income due and accrued	24,961			26,209
Current federal income taxes recoverable	—			898
Net deferred income tax asset	4,845			6,862
Receivables from parent, subsidiaries and affiliates	—			202
Other admitted assets	2,964			3,716
Separate account assets	1,779,754			1,811,380
Total admitted assets	$	4,692,809		$	4,738,977
Liabilities and capital and surplus
Liabilities:
Policy and contract liabilities:
Life and annuity reserves	$	2,385,357		$	2,369,617
Liability for deposit-type contracts	83,938			86,182
Policy and contract claims	380			95
Total policy and contract liabilities	2,469,675			2,455,894
General expense due and accrued	12			11
Current federal income taxes payable	3,953			—
Transfer to (from) separate accounts due and accrued, net	(19,525		)	(24,092		)
Asset valuation reserve	45,352			47,827
Other liabilities	5,083			10,505
Payable for securities lending	49,243			80,810
Separate account liabilities	1,779,754			1,811,380
Total liabilities	4,333,547			4,382,335
Capital and surplus:
Common stock, $10 par value, authorized 200 shares, issued and outstanding 200 shares	2,000			2,000
Paid-in surplus	312,228			312,228
Accumulated surplus	45,034			42,414
Total capital and surplus	359,262			356,642
Total liabilities and capital and surplus	$	4,692,809		$	4,738,977

See accompanying notes.

3

National Integrity Life Insurance Company

Statements of Operations (Statutory-Basis)

	Year Ended December 31
	2016			2015			2014
	(In Thousands)
Premiums and other revenues:
Premiums and annuity considerations	$	279,849		$	255,143		$	247,052
Net investment income	122,897			122,841			132,215
Considerations for supplementary contracts with life contingencies	11,422			14,858			15,431
Amortization of the interest maintenance reserve	260			1,318			1,610
Fees from management of separate accounts	6,817			7,034			7,013
Other revenues	1,091			1,088			1,210
Total premiums and other revenues	422,336			402,282			404,531
Benefits paid or provided:
Death benefits	4,103			3,025			2,864
Annuity benefits	105,764			99,807			100,280
Surrender benefits	323,351			350,754			359,117
Payments on supplementary contracts with life contingencies	8,406			8,911			6,787
Increase (decrease) in policy reserves and other policyholders’ funds	17,380			25,613			51,276
Total benefits paid or provided	459,004			488,110			520,324
Insurance expenses and other deductions:
Commissions	13,920			14,840			15,203
General expenses	14,124			15,220			11,556
Net transfers to (from) separate accounts	(116,481		)	(167,647		)	(209,500		)
Other deductions	550			854			638
Total insurance expenses and other deductions	(87,887		)	(136,733		)	(182,103		)
Gain (loss) from operations before federal income tax expense and net realized capital gains (losses)	51,219			50,905			66,310
Federal income tax expense (benefit), excluding tax on capital gains	17,171			16,016			19,967
Gain (loss) from operations before net realized capital gains (losses)	34,048			34,889			46,343
Net realized capital gains (losses) (excluding gains (losses) transferred to IMR and capital gains tax)	(288		)	(591		)	1,994
Net income (loss)	$	33,760		$	34,298		$	48,337

See accompanying notes.

4

National Integrity Life Insurance Company

Statements of Changes in Capital and Surplus (Statutory-Basis)

	Common Stock		Paid-In Surplus		Accumulated Surplus			Total Capital and Surplus
	(In Thousands)
Balance, January 1, 2014	$	2,000	$	312,228	$	6,747		$	320,975
Net income (loss)	—		—		48,337			48,337
Change in net deferred income tax	—		—		(6,766		)	(6,766		)
Net change in unrealized gains (losses) on investments (net of deferred tax expense (benefit) of ($1,368))	—		—		(2,540		)	(2,540		)
Net change in nonadmitted assets and related items	—		—		17,455			17,455
Change in asset valuation reserve	—		—		6,578			6,578
Dividends to stockholder	—		—		(6,500		)	(6,500		)
Balance, December 31, 2014	2,000		312,228		63,311			377,539
Net income (loss)	—		—		34,298			34,298
Change in net deferred income tax	—		—		6,597			6,597
Net change in unrealized gains (losses) on investments (net of deferred tax expense (benefit) of $1,973)	—		—		3,664			3,664
Net change in nonadmitted assets and related items	—		—		(10,379		)	(10,379		)
Change in asset valuation reserve	—		—		(2,896		)	(2,896		)
Change in reserve due to change in valuation basis	—		—		(15,181		)	(15,181		)
Dividends to stockholder	—		—		(37,000		)	(37,000		)
Balance, December 31, 2015	2,000		312,228		42,414			356,642
Net income (loss)	—		—		33,760			33,760
Change in net deferred income tax	—		—		1,992			1,992
Net change in unrealized gains (losses) on investments (net of deferred tax expense (benefit) of ($243))	—		—		(259		)	(259		)
Net change in nonadmitted assets and related items	—		—		(1,155		)	(1,155		)
Change in asset valuation reserve	—		—		2,475			2,475
Change in surplus in separate accounts	—		—		(193		)	(193		)
Dividends to stockholder	—		—		(34,000		)	(34,000		)
Balance, December 31, 2016	$	2,000	$	312,228	$	45,034		$	359,262

See accompanying notes.

5

National Integrity Life Insurance Company

Statements of Cash Flow (Statutory-Basis)

	Year Ended December 31
	2016			2015			2014
	(In Thousands)
Operating activities
Premiums collected net of reinsurance	$	291,270		$	270,000		$	262,483
Net investment income received	130,141			127,302			128,513
Benefits paid	(442,981		)	(463,650		)	(470,890		)
Net transfers from (to) separate accounts	121,688			168,718			207,885
Commissions and expense paid	(28,012		)	(30,909		)	(29,912		)
Federal income taxes recovered (paid)	(16,938		)	(22,282		)	(22,030		)
Other, net	7,909			8,122			8,223
Net cash from (for) operations	63,077			57,301			84,272
Investing activities
Proceeds from investments sold, matured or repaid:
Debt securities	511,496			362,177			547,248
Preferred and common stocks	10,954			—			5
Mortgage loans	1,634			339			22,752
Other invested assets	5,572			16,242			22,304
Net gains (losses) on cash, cash equivalents and short-term investments	1			1			3
Miscellaneous proceeds	32,970			277			—
Net proceeds from investments sold, matured or repaid	562,627			379,036			592,312
Cost of investments acquired:
Debt securities	(466,448		)	(363,737		)	(630,060		)
Preferred and common stocks	(5,636		)	(5,000		)	(1,223		)
Mortgage loans	(50,650		)	(50,480		)	(19,723		)
Other invested assets	(7,314		)	(188		)	(20,779		)
Miscellaneous applications	—			(22,919		)	(22,588		)
Total cost of investments acquired	(530,048		)	(442,324		)	(694,373		)
Net change in policy and other loans	(928		)	(1,819		)	(1,775		)
Net cash from (for) investments	31,651			(65,107		)	(103,836		)
Financing and miscellaneous activities
Net deposits on deposit-type contract funds and other insurance liabilities	(2,244		)	2,808			10,237
Dividends paid to stockholder	(34,000		)	(37,000		)	(6,500		)
Other cash provided (applied)	(36,565		)	23,291			19,147
Net cash from (for) financing and miscellaneous sources	(72,809		)	(10,901		)	22,884
Net change in cash, cash equivalents and short-term investments	21,919			(18,707		)	3,320
Cash, cash equivalents and short-term investments:
Beginning of year	1,363			20,070			16,750
End of year	$	23,282		$	1,363		$	20,070

See accompanying notes.

6

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

1. Nature of Operations and Significant Accounting Policies

National Integrity Life Insurance Company (the Company) is a wholly-owned subsidiary of Integrity Life Insurance Company (Integrity), which is a wholly-owned subsidiary of The Western and Southern Life Insurance Company (Western and Southern). The Company, domiciled in the state of New York and currently licensed in eight states and the District of Columbia, specializes in the asset accumulation business with particular emphasis on retirement savings and investment products. The Company also offers interest-sensitive life insurance products. For the year ended December 31, 2016, approximately 94.1% of the gross premiums and annuity considerations for the Company were derived from New York. Fort Washington Investment Advisors, Inc. (Fort Washington), a registered investment adviser, is a nonlife insurance subsidiary of Western and Southern and is the investment manager for the Company.

State regulatory authorities have powers relating to granting and revoking licenses to transact business, the licensing of agents, the regulation of premium rates and trade practices, the form and content of insurance policies, the content of advertising material, financial statements and the nature of permitted practices.

Use of Estimates

The preparation of statutory-basis financial statements requires management to make estimates and assumptions that affect amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Basis of Presentation

The accompanying financial statements of the Company have been prepared in conformity with accounting practices prescribed or permitted by the New York Department of Financial Services, Division of Insurance (the Department). The National Association of Insurance Commissioners’ (NAIC) Accounting Practices and ProceduresManual (NAIC SAP or SSAP) has been adopted as a component of prescribed or permitted practices by the State of New York. These practices differ in some respects from U.S. generally accepted accounting principles (GAAP). The more significant differences follow.

Investments

Investments in debt securities and mandatory redeemable preferred stocks are reported at amortized cost or fair value based on the NAIC rating; for GAAP, such fixed maturity investments are designated at purchase as held-to-maturity, trading or available-for-sale. Held-to-maturity fixed investments are reported at amortized cost, and the remaining fixed maturity investments are reported at fair value with unrealized holding gains and losses reported in the statement of operations for those designated as trading and as a separate component of other comprehensive income (loss) for those designated as available-for-sale.

7

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

All single-class and multiclass mortgage-backed/asset-backed securities (e.g., CMOs) are adjusted for the effects of changes in prepayment assumptions on the related accretion of discount or amortization of premium of such securities using the retrospective method. The prospective method is used to determine amortized cost for securities that experience a decline that is deemed to be other-than-temporary. Securities that are in an unrealized loss position which the Company intends to sell, or does not have the intent and ability to hold until recovery, are written down to fair value as a realized loss. Securities that are in an unrealized loss position which the Company has the intent and ability to hold until recovery are written down to the extent the present value of expected future cash flows using the security’s effective yield is lower than the amortized cost. For GAAP purposes, all securities, purchased or retained, that represent beneficial interests in securitized assets (e.g., CMO, CBO, CDO, CLO, MBS and ABS securities), other than high credit quality securities, are adjusted using the prospective method when there is a change in estimated future cash flows. If it is determined that a decline in fair value is other-than-temporary, the cost basis of the security is written down to the extent the present value of expected future cash flows using the security’s effective yield is lower than the amortized cost. If high credit quality securities are adjusted, the retrospective method is used.

The Company monitors other investments to determine if there has been an other-than-temporary decline in fair value. Factors that management considers for each identified security include the following:

• The extent and length of time the fair value has been below the book/adjusted carrying value;

• The reasons for the decline in value;

• Specific credit issues related to the issuer and current economic conditions, including the current and future impact of any specific events;

• For structured investments (e.g., residential mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities and other structured investments), factors such as overall deal structure and the Company’s position within the structure, quality of underlying collateral, delinquencies and defaults, loss severities, recoveries, prepayments and cumulative loss projections are considered;

• For all equity securities and other debt securities with credit-related declines in fair value, the Company’s intent and ability to hold the security long enough for it to recover its value to book/adjusted carrying value; and

• For all other debt securities with interest-related declines in fair value, the Company’s intent to sell the security before recovery of its book/adjusted carrying value.

If the decline is judged to be other-than-temporary, an impairment charge to fair value is recorded as a net realized capital loss in the period the determination is made. Under GAAP, if the decline is judged to be other-than-temporary because the Company has the intent to sell the debt security or is more likely than not to be required to sell the debt security before its anticipated recovery, an impairment charge to fair value is recorded as a net realized capital loss. If the decline is judged to be other-than-temporary because the Company does not expect to recover the entire amortized cost basis of the security due to expected credit losses, an impairment charge is recorded to net realized capital loss as the difference between amortized cost and the net present value of expected future cash flows discounted at the effective interest rate implicit in the debt security prior to impairment.

8

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Under a formula prescribed by the NAIC, the Company defers the portion of realized capital gains and losses on sales of fixed income investments, principally debt securities and mortgage loans, attributable to changes in the general level of interest rates and amortizes those deferrals over the remaining period to maturity of the individual security sold using the seriatim method. The net deferral is reported as the interest maintenance reserve (IMR) in the accompanying balance sheets. Realized capital gains and losses are reported in income net of federal income tax and transfers to the IMR. Under GAAP, realized capital gains and losses are reported in the the statements of operations on a pretax basis in the period that the assets giving rise to the gains or losses are sold.

The asset valuation reserve (AVR) provides a valuation allowance for invested assets. The AVR is determined by an NAIC prescribed formula with changes reflected directly in capital and surplus. AVR is not recognized for GAAP.

Policy Acquisition Costs

The costs of acquiring and renewing business are expensed when incurred. Under GAAP, policy acquisition costs, related to traditional life insurance and certain long-duration accident and health insurance policies sold, to the extent recoverable from future policy revenues, would be deferred and amortized over the premium-paying period of the related policies using assumptions consistent with those used in computing policy benefit reserves; for universal life insurance and investment products, to the extent recoverable from future gross profits, deferred policy acquisition costs are amortized generally in proportion to the present value of expected gross profits from surrender charges and investments, mortality, and expense margins.

Nonadmitted Assets

Certain assets designated as “nonadmitted” (principally a portion of deferred tax assets and negative IMR on the separate account that is not offset by positive IMR on the general account), and other assets not specifically identified as admitted assets within the NAIC’s Accounting Practices and Procedures Manual, are excluded from the accompanying balance sheets and are charged directly to accumulated surplus. Under GAAP, such assets are included in the balance sheets.

Premiums and Benefits

Revenues for universal life and annuity policies with mortality or morbidity risk, except for guaranteed interest and group annuity contracts, consist of the entire premium received, and benefits incurred represent the total of death benefits paid and the change in policy reserves. Premiums received for annuity policies without mortality or morbidity risk and for guaranteed interest and group annuity contracts are recorded using deposit accounting, and credited directly to an appropriate policy reserve account, without recognizing premium income. Under GAAP, premiums received in excess of policy charges would not be recognized as premium revenue and benefits would represent the excess of benefits paid over the policy account value and interest credited to the account values.

Benefit Reserves

Certain policy reserves are calculated using statutorily prescribed interest and mortality assumptions rather than on estimated expected experience or actual account balances as would be required under GAAP.

9

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Reinsurance

A liability for reinsurance balances is required to be provided for unsecured policy reserves ceded to reinsurers not authorized to assume such business. Changes to those amounts are credited or charged directly to capital and surplus. Under GAAP, an allowance for amounts deemed uncollectible would be established through a charge to earnings.

Policy and contract liabilities ceded to reinsurers have been reported as reductions of the related reserves rather than as assets as would be required under GAAP. Commissions allowed by reinsurers on business ceded are reported as income when incurred rather than being deferred and amortized with policy acquisition costs as required under GAAP.

Deferred Income Taxes

Deferred tax assets are recorded for the amount of gross deferred tax assets expected to be realized in future years, and a valuation allowance is established for deferred tax assets not meeting a more-likely-than-not realization threshold. Deferred tax assets are limited to 1) the amount of federal income taxes paid in prior years that can be recovered through loss carrybacks for existing temporary differences that reverse during a time frame corresponding with Internal Revenue Service (IRS) tax loss carryback provisions, not to exceed three years, including amounts established in accordance with the provision of SSAP No. 5R, plus 2) for entities who meet the required realization threshold in SSAP No. 101, the lesser of the remaining gross deferred tax assets expected to be realized within three years of the balance sheet date or 15% of capital and surplus excluding any net deferred tax assets, electronic data processing equipment and operating software and any net positive goodwill, plus 3) the amount of remaining gross deferred tax assets that can be offset against existing gross deferred tax liabilities. The remaining deferred tax assets are nonadmitted. Under GAAP, a deferred tax asset is recorded for the amount of gross deferred tax assets expected to be realized in all future years, and a valuation allowance is established for deferred tax assets not meeting a more-likely-than-not realization threshold.

Statements of Cash Flow

Cash, cash equivalents and short-term investments in the statements of cash flow represent cash balances and investments with initial maturities of one year or less. Under GAAP, the corresponding captions of cash and cash equivalents include cash balances and investments with initial maturities of three months or less.

Other significant statutory accounting practices follow.

Investments

Debt securities, common stocks, preferred stocks, and short-term investments are stated at values prescribed by the NAIC, as follows:

Debt securities not backed by other loans are principally stated at amortized cost using the interest method.

Single-class and multiclass mortgage-backed/asset-backed securities are valued at amortized cost using the interest method including anticipated prepayments. Prepayment assumptions are obtained from Bloomberg and broker-dealer prepayment models or derived from empirical data and are based on the current interest rate and economic environment. The retrospective adjustment method is used to value

10

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

all such securities except securities that are deemed to be other-than-temporarily impaired and securities that are principal-only or interest-only, which are valued using the prospective method.

Unaffiliated common stocks, other than Federal Home Loan Bank (FHLB) stock, are unrestricted and reported at fair value utilizing publicly quoted prices from third-party pricing services and the related unrealized capital gains and losses are reported in capital and surplus along with any adjustment for federal income taxes. FHLB stock is carried at cost and is restricted. At December 31, 2016 and 2015, the Company owned $5.6 million and $0.0 million, of FHLB stock, respectively. The FHLB stock is held in conjunction with the issuance of deposit contracts to the FHLB. See Note 9 for further description.

Redeemable preferred stocks that have characteristics of debt securities and are rated as medium quality or better are reported at cost or amortized cost. All other redeemable preferred stocks are reported at the lower of cost, amortized cost or fair value. Perpetual preferred stocks that have the characteristics of equity securities and are rated as medium quality or better are reported at cost. All other perpetual preferred stocks are reported at the lower of cost or fair value utilizing publicly quoted prices from third-party pricing services and the related unrealized capital gains and losses are reported in capital and surplus along with any adjustment for federal income taxes.

Short-term investments include investments with remaining maturities of one year or less at the date of acquisition and are principally stated at amortized cost, which approximates fair value.

Cash equivalents are short-term highly liquid investments with original maturities of three months or less and are principally stated at amortized cost, which approximates fair value.

Joint ventures, partnerships, and limited liability companies are carried at the Company’s interest in the underlying audited GAAP equity of the investee. Undistributed earnings allocated to the Company are reported in the change in net unrealized capital gains or losses. Distributions from earnings of the investees are reported as net investment income when received. Because of the indirect nature of these investments, there is an inherent reduction in transparency and liquidity and increased complexity in valuing the underlying investments. As a result, these investments are actively managed by the Company’s management via detailed evaluation of the investment performance relative to risk.

Mortgage loans are reported at unpaid principal balances, less an allowance for impairment. A mortgage loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all principal and interest amounts due according to the contractual terms of the mortgage agreement. When management determines foreclosure is probable, the impairment is other than temporary; the mortgage loan is written down to realizable value and a realized loss is recognized.

Policy loans are reported at unpaid principal balances.

Debt securities and other loan interest are credited to income as it accrues. Dividends are recorded as income on ex-dividend dates. To the extent income is uncertain, due and accrued income is excluded and treated as nonadmitted through surplus.

Realized capital gains and losses are determined using the specific identification method.

11

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Premiums

Life and accident and health premiums are recognized as revenue when due. Premiums for annuity policies with mortality and morbidity risk, except for guaranteed interest and group annuity contracts, are also recognized as revenue when due. Premiums received for annuity policies without mortality or morbidity risk and for guaranteed interest and group annuity contracts are recorded using deposit accounting.

Policy Reserves

Life and annuity reserves are developed by actuarial methods and are determined based on published tables using statutorily specified interest rates and valuation methods that will provide, in the aggregate, reserves that are greater than or equal to the minimum or guaranteed policy cash values or the amounts required by the Department. The Company waives deduction of deferred fractional premiums on the death of life and annuity policy insureds and does not return any premium beyond the date of death. Surrender values on policies do not exceed the corresponding benefit reserves. Policies issued subject to multiple table substandard extra premiums are valued on the standard reserve basis which recognizes the nonlevel incidence of the excess mortality costs. Additional reserves are established when the results of cash flow testing under various interest rate scenarios indicate the need for such reserves, or the net premiums exceed the gross premiums on any insurance in-force.

Contracts issued that do not incorporate mortality or morbidity risk, such as guaranteed interest contracts, are accounted for as deposit-type contracts. Amounts received as payments and amounts withdrawn on deposit-type contracts are recorded directly to the liability for deposit-type contracts.

The mean reserve method is used to adjust the calculated terminal reserve to the appropriate reserve at December 31. Mean reserves are determined by computing the regular mean reserve for the plan at the rated age and holding, in addition, one-half of the extra premium charge for the year. Policies issued after July 1 for substandard lives, are charged an extra premium plus the regular premium for the true age. Mean reserves are based on appropriate multiples of standard rates of mortality. An asset is recorded for deferred premiums net of loading to adjust the reserve for modal premium payments.

For substandard table ratings, mean reserves are based on 125% to 500% of standard mortality rates. For flat extra ratings, mean reserves are based on the standard or substandard mortality rates increased by 1 to 25 deaths per thousand.

Tabular interest, tabular less actual reserves released, and tabular cost have been determined by formula as prescribed by the NAIC. Tabular interest on funds not involving life contingencies was derived from basic data.

The establishment of appropriate reserves is an inherently uncertain process, and there can be no assurance that the ultimate liability will not exceed the Company’s policy reserves and have an adverse effect on the Company’s results of operations and financial condition. Due to the inherent uncertainty of estimating reserves, it has been necessary, and may over time continue to be necessary, to revise estimated future liabilities as reflected in the Company’s policy reserves.

12

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Reinsurance

Reinsurance premiums and benefits paid or provided are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts.

Securities Lending

At December 31, 2016, the Company had loaned various debt securities, preferred stocks and common stocks as part of a securities lending program administered by Deutsche Bank, of which the fair value is $48.1 million and $34.9 million in the general and separate account, respectively. At December 31, 2015, the Company had loaned various debt securities, preferred stocks and common stocks as part of a securities lending program administered by Deutsche Bank, of which the fair value is $79.0 million and $34.4 million in the general and separate account, respectively. The Company maintains effective control over all loaned securities and, therefore, continues to report such securities as invested assets in the balance sheets. There is no difference in the policy and procedures for the separate account.

The Company requires at the initial transaction that the fair value of the cash collateral received must be equal to 102% of the fair value of the loaned securities. The Company monitors the ratio of the fair value of the collateral to loaned securities to ensure it does not fall below 100%. If the fair value of the collateral falls below 100% of the fair value of the securities loaned, the Company nonadmits that portion of the loaned security. At December 31, 2016 and 2015, the Company did not nonadmit any portion of the loaned securities.

The Company reports all collateral on the balance sheet with an offsetting liability recognized for the obligation to return the collateral. Collateral for the securities lending program is managed by Deutsche Bank, an unaffiliated agent. At December 31, 2016 and 2015, collateral managed by an unaffiliated agent, which approximated $49.2 million and $80.8 million, respectively, was invested in cash equivalents and was included in securities lending reinvested collateral assets on the balance sheets.

At December 31, 2016, the collateral for all securities on loan could be requested to be returned on demand by the borrower. At December 31, 2016 and 2015, the fair value of the total collateral in the general account was $49.2 million and $80.8 million, respectively. The fair value of the total collateral in the separate account was $35.6 million and $35.3 million at December 31, 2016 and 2015, respectively, which was all managed by an unaffiliated agent.

13

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The aggregate collateral broken out by maturity date is as follows at December 31, 2016:

	Amortized Cost		Fair Value
	(In Thousands)
Open	$	—	$	—
30 days or less	84,873		84,873
31 to 60 days	—		—
61 to 90 days	—		—
91 to 120 days	—		—
121 to 180 days	—		—
181 to 365 days	—		—
1 to 2 years	—		—
2 to 3 years	—		—
Greater than 3 years	—		—
Total collateral	$	84,873	$	84,873

At December 31, 2016, all of the collateral held for the securities lending program was invested in tradable securities that could be sold and used to pay for the$49.2 million and $35.6 millionin the general and separate accounts, respectively, in collateral calls that could come due under a worst-case scenario where all collateral was called simultaneously.

The Company does not accept collateral that is not permitted by contract or custom to sell or repledge. The Company does not have any securities lending transactions that extend beyond one year from the reporting date.

Separate Accounts

Separate account assets and liabilities reported in the accompanying balance sheets represent funds that are separately administered, principally for nonguaranteed variable annuity contracts and guaranteed market value adjustment annuity contracts. Assets held in the separate account supporting variable annuities are carried at fair value. Assets held in the separate account supporting market value adjusted annuities are carried at the general account basis. These separate account assets are considered legally insulated from the general account. Surrender charges collectible by the general account in the event of annuity contract surrenders are reported as a negative liability rather than an asset. Policy-related activity involving cash flow, such as premiums and benefits, are reported in the accompanying statements of operations in separate line items combined with related general account amounts. Investment income and interest credited on deposits held in guaranteed separate accounts are included in the accompanying statements of operations as a net amount included in net transfers to (from) separate accounts. The Company receives administrative fees for managing the nonguaranteed separate accounts and other fees for assuming mortality and certain expense risks.

Federal Income Taxes

Western and Southern files a consolidated income tax return with its eligible subsidiaries and affiliates, including the Company. The provision for federal income taxes is allocated to the Company using a separate

14

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

return method based upon a written tax-sharing agreement. The benefits from losses of subsidiaries and affiliates, which are utilized in the consolidated return, will be retained by the subsidiaries and affiliates under the tax-sharing agreement. Western and Southern pays all federal income taxes due for all members of the consolidated group. The Company will then charge or reimburse, as the case may be, the members of the group an amount consistent with the method described in the tax-sharing agreement.

The Company includes interest and penalties in the federal income tax line on the statements of operations.

Accounting Changes

Effective January 1, 2015, the Company updated its valuation methodology on certain structured settlement reserves.  This resulted in a change of statutory reserve valuation that is required to be recorded directly to surplus rather than as a part of the reserve change recognized in the statements of operations.  The Company has recorded $15.2 million directly as a decrease to surplus as a result of the change in valuation bases through the change in reserve on account of change in valuation basis on the statements of changes in capital and surplus.

Subsequent Events

The Company recognizes in the financial statements the effects of all subsequent events that provide additional evidence about conditions that existed at the balance sheet date. For nonrecognized subsequent events that must be disclosed to keep the financial statements from being misleading, the Company is required to disclose the nature of the event as well as an estimate of its financial effect, or a statement that such an estimate cannot be made. Management has evaluated subsequent events through the issuance of these financial statements on April 28, 2017.

15

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

2. Investments

The book/adjusted carrying value and fair value of the Company’s investments in debt securities are summarized as follows:

	Book/Adjusted Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In Thousands)
At December 31, 2016:
U.S. Treasury securities and obligations of U.S. government corporation and agencies	$	8,242	$	362	$	(2	)	$	8,602
Debt securities issued by states of the U.S. and political subdivisions of the states	9,450		548		—			9,998
Corporate securities	1,705,219		73,437		(9,772		)	1,768,884
Commercial mortgage-backed securities	241,086		5,507		(1,065		)	245,528
Residential mortgage-backed securities	295,128		16,843		(3,159		)	308,812
Asset-backed securities	259,738		4,009		(3,145		)	260,602
Total	$	2,518,863	$	100,706	$	(17,143	)	$	2,602,426
At December 31, 2015:
U.S. Treasury securities and obligations of U.S. government corporation and agencies	$	8,235	$	440	$	(5	)	$	8,670
Debt securities issued by states of the U.S. and political subdivisions of the states	10,457		709		(19		)	11,147
Corporate securities	1,733,996		75,497		(47,093		)	1,762,400
Commercial mortgage-backed securities	255,622		5,079		(880		)	259,821
Residential mortgage-backed securities	326,981		19,676		(3,048		)	343,609
Asset-backed securities	234,612		3,385		(1,863		)	236,134
Total	$	2,569,903	$	104,786	$	(52,908	)	$	2,621,781

Included in the Company’s investments in debt securities are investments that meet the definition of structured notes. The book/adjusted carrying value and fair value of these investments are $12.2 million and $17.1 million, respectively, at December 31, 2016. The book/adjusted carrying value and fair value of these investments are $11.9 million and $16.0 million, respectively, at December 31, 2015. These investments do not meet the definition of mortgage-referenced securities.

At December 31, 2016 and 2015, the Company held unrated or below-investment-grade corporate debt securities with a book/adjusted carrying value of $178.7 million and $187.1 million, respectively, and an aggregate fair value of $184.1 million and $181.4 million, respectively. As of December 31, 2016 and 2015, such holdings amount to 7.1% and 7.3%, respectively, of the Company’s investment in debt securities and 3.8% and 4.0%, respectively, of the Company’s total admitted assets. The Company performs periodic

16

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

evaluations of the relative credit standing of the issuers of these debt securities. The Company considers these evaluations in its overall investment strategy.

Unrealized gains and losses on investments in unaffiliated common stocks are reported directly in capital and surplus and do not affect net income. The unrealized gains and unrealized losses on, and the cost and fair value of preferred and common stocks are as follows:

	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In Thousands)
At December 31, 2016:
Preferred stocks	$	6,139	$	62	$	(28	)	$	6,173
Common stocks, unaffiliated	$	18,139	$	9,271	$	—		$	27,410
At December 31, 2015:
Preferred stocks	$	6,139	$	110	$	(118	)	$	6,131
Common stocks, unaffiliated	$	18,612	$	14,220	$	—		$	32,832

The following table shows unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position.

	Unrealized Losses Less Than 12 Months					Unrealized Losses Greater Than or Equal to 12 Months
	Unrealized			Fair		Unrealized			Fair
	Losses			Value		Losses			Value
	(In Thousands)
At December 31, 2016:
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	(2	)	$	2,456	$	—		$	—
Debt securities issued by states of the U.S. and political subdivisions of the states	—			—		—			—
Corporate securities	(5,941		)	272,432		(3,831		)	57,638
Commercial mortgage-backed securities(1)	(926		)	58,775		(139		)	2,381
Residential mortgage-backed securities(1)	(1,371		)	66,130		(1,788		)	16,818
Asset-backed securities(1)	(3,075		)	148,867		(70		)	3,738
Total	$	(11,315	)	$	548,660	$	(5,828	)	$	80,575
Preferred stocks	$	(28	)	$	656	$	—		$	—
Common stocks, unaffiliated	$	—		$	—	$	—		$	—

⁽¹⁾ Amounts relate to securities subject to SSAP 43R.

17

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

	Unrealized Losses Less Than 12 Months					Unrealized Losses Greater Than or Equal to 12 Months
	Unrealized			Fair		Unrealized			Fair
	Losses			Value		Losses			Value
	(In Thousands)
At December 31, 2015:
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	(5	)	$	2,445	$	—		$	—
Debt securities issued by states of the U.S. and political subdivisions of the states	(19		)	981		—			—
Corporate securities	(35,972		)	470,651		(11,121		)	32,877
Commercial mortgage-backed securities(1)	(752		)	64,717		(128		)	2,419
Residential mortgage-backed securities(1)	(949		)	48,055		(2,099		)	32,262
Asset-backed securities(1)	(1,447		)	72,399		(416		)	40,869
Total	$	(39,144	)	$	659,248	$	(13,764	)	$	108,427
Preferred stocks	$	(118	)	$	4,882	$	—		$	—
Common stocks, unaffiliated	$	—		$	—	$	—		$	—

⁽¹⁾ Amounts relate to securities subject to SSAP 43R.

Investments that are impaired at December 31, 2016 and 2015, for which other-than-temporary impairments have not been recognized, consist mainly of corporate debt securities, asset-backed securities and residential mortgage-backed securities. The aggregated unrealized loss is approximately 2.7% and 6.4% of the carrying value of securities considered temporarily impaired at December 31, 2016 and 2015, respectively.

At December 31, 2016, there were a total of 217 securities held that are considered temporarily impaired, of which 59 have been impaired for 12 months or longer. At December 31, 2015, there were a total of 303 securities held that are considered temporarily impaired, of which 60 have been impaired for 12 months or longer. The Company recorded other-than-temporary impairments on securities of $1.4 million, $2.1 million, and $0.3 million for the years ended December 31, 2016, 2015 and 2014, respectively.

18

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The following is a list of each loan-backed security held at December 31, 2016, with a recognized other-than-temporary impairment (OTTI) for the year ended December 31, 2016, where the present value of future cash flows expected to be collected was less than the amortized cost basis of the securities:

CUSIP	Book/ Adjusted Carrying Value Amortized Cost Before Current Period OTTI		Present Value of Future Cash Flows		Recognized Other- Than- Temporary Impairment		Amortized Cost After Other-Than-Temporary Impairment		Fair Value		Date of Other-Than-Temporary Impairment
(In Thousands)
For the year ended, December 31, 2016:
3622MP-AP-3	$	33	$	26	$	7	$	26	$	23	9/30/2016
32051G-RW-7	867		856		11		856		839		12/31/2016
116663-AC-9	1,390		723		667		723		445		12/31/2016
60467M-AC-5	1,959		1,666		293		1,666		1,666		12/31/2016
Total	XXX		XXX		$	978	XXX		XXX

The Company had no OTTI on loan-backed securities for the year ended December 31, 2016, due to the intent to sell the security or the inability or lack of intent to retain the investment in the security for a period of time sufficient to recover the amortized cost basis of the security.

A summary of the cost or amortized cost and fair value of the Company’s debt securities at December 31, 2016, by contractual maturity, is as follows:

	Book/Adjusted Carrying Value		Fair Value
	(In Thousands)
Years to maturity:
One or less	$	92,496	$	94,153
After one through five	694,176		722,258
After five through ten	719,782		730,111
After ten	216,457		240,962
Mortgage-backed securities/asset-backed securities	795,952		814,942
Total	$	2,518,863	$	2,602,426

The expected maturities may differ from the contractual maturities in the foregoing table because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties and because asset-backed and mortgage-backed securities (including floating-rate securities) provide for periodic payments throughout their lives.

Proceeds from the sales of investments in debt securities during 2016, 2015 and 2014 were $174.6 million, $118.1 million, and $195.5 million; gross gains of $6.9 million, $5.0 million, and $6.1 million and gross

19

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

losses of $4.1 million, $3.9 million, and $2.3 million were realized on these sales in 2016, 2015, and 2014, respectively.

Proceeds from the sales of investments in equity securities during 2016, 2015 and 2014 were $11.0 million, $0.0 million, and $0.0 million; gross gains of $4.8 million, $0.0 million, and $0.0 million and gross losses of $0.0 million, $0.0 million, and $0.0 million were realized on these sales in 2016, 2015 and 2014, respectively.

Realized capital gains (losses) are reported net of federal income taxes and amounts transferred to the IMR as follows for the years ended December 31:

	2016			2015			2014
	(In Thousands)
Realized capital gains (losses)	$	6,801		$	(1,919	)	$	6,545
Less amount transferred to IMR (net of related taxes (benefits) of $1,330 in 2016, $(1,131) in 2015, and $1,077 in 2014)	2,470			(2,100		)	1,999
Less federal income tax expense (benefit) of realized capital gains (losses)	4,619			772			2,552
Net realized capital gains (losses)	$	(288	)	$	(591	)	$	1,994

Net investment income was generated from the following for the years ended December 31:

	2016		2015		2014
	(In Thousands)
Debt securities	$	114,010	$	115,566	$	118,617
Equity securities	650		638		414
Mortgage loans	4,558		2,869		2,707
Policy loans	3,691		3,576		2,908
Cash, cash equivalents and short-term investments	72		57		44
Other invested assets	1,984		2,307		9,388
Other	263		137		461
Gross investment income	125,228		125,150		134,539
Investment expenses	2,331		2,309		2,324
Net investment income	$	122,897	$	122,841	$	132,215

The Company’s investments in mortgage loans principally involve commercial real estate. At December 31, 2016, 53.0% of such mortgages, or $71.3 million, involved properties located in Massachusetts and Texas. Such investments consist primarily of first-mortgage liens on completed income-producing properties. The aggregate mortgage outstanding to any one borrower does not exceed $26.7 million. During 2016, the respective minimum and maximum lending rates for mortgage loans issued were 3.80% and 4.60%. At the issuance of a loan, the percentage of any one loan to value of security, exclusive of insured, guaranteed or purchase money mortgage did not exceed 80.0%. During 2016, the Company did not reduce interest rates on any outstanding mortgages.

20

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

3. Fair Values of Financial Instruments

Included in various investment-related line items in the financial statements are certain financial instruments carried at fair value. Other financial instruments are periodically measured at fair value such as when impaired or, for certain bonds and preferred stocks, when carried at the lower of cost or market.

The Company uses fair value measurements to record the fair value of certain assets and liabilities and to estimate the fair value of financial instruments not recorded at fair value but required to be disclosed at fair value. Certain financial instruments, particularly policyholder liabilities other than investment-type contracts, are excluded from this fair value discussion.

Fair value is defined as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. The Company’s financial assets and liabilities carried at fair value have been classified, for disclosure purposes, based on the following hierarchy that prioritizes inputs to valuation techniques used to measure fair value into three levels. The Company’s policy is to recognize transfers in and transfers out of levels at the beginning of the quarterly reporting period.

• Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. The Company’s Level 1 assets and liabilities primarily include exchange-traded equity securitiesand mutual funds, including those which are part of the Company’s separate account assets.

• Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. The Company’s Level 2 assets and liabilities primarily include municipal bonds and initially rated NAIC 6 residential mortgage-backed securities representing senior and subordinated tranches in securitization trusts containing residential mortgage loans, including those which are part of the Company's separate account assets. The Company determined fair value through the use of third-party pricing services utilizing market observable inputs.

• Level 3 - Significant unobservable inputs for the asset or liability. The Company does not have any significant assets or liabilities carried at fair value that meet the definition of Level 3.

Fair value estimates are made at a specific point in time, based on available market information and judgments about the financial instrument, including discount rates, estimates of timing, amount of expected future cash flows and the credit standing of the issuer. Such estimates do not consider the tax impact of the realization of unrealized gains or losses.

For Level 3 investments, the fair value estimates cannot be substantiated by comparison to independent markets. In addition, the disclosed fair value may not be realized in the immediate settlement of the financial instrument.

As described below, certain fair values are determined through the use of third-party pricing services. Management does not adjust prices received from third parties; however, the Company does analyze the third-party pricing services’ valuation methodologies and related inputs and performs additional evaluation to determine the appropriate level within the fair value hierarchy. The Company performs annual due diligence of third-party pricing services, which includes assessing the vendor’s valuation qualifications, control environment, analysis of asset class-specific valuation methodologies and understanding of market observable assumptions and unobservable assumptions, if any, employed in the valuation methodology. Care should be

21

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

exercised in deriving conclusions about the Company’s business, its value or financial position based on the fair value information of financial instruments presented below. The following discussion describes the valuation methodologies utilized by the Company for assets and liabilities measured or disclosed at fair value.

Debt Securities

The fair values of debt securities and asset/mortgage-backed securities have been determined through the use of third-party pricing services utilizing market observable inputs. Private placement securities trading in less liquid or illiquid markets with limited or no pricing information are valued using either broker quotes or by discounting the expected cash flows using current market-consistent rates applicable to the yield, credit quality and maturity of each security.

Equity Securities

The fair values of actively traded equity securities have been determined utilizing publicly quoted prices obtained from third-party pricing services. The fair values of certain equity securities for which no publicly quoted prices are available have been determined through the use of third-party pricing services utilizing market observable inputs. Actively traded mutual funds are valued using the net asset values of the funds.

Mortgage Loans

The fair values for mortgage loans, consisting principally of commercial real estate loans, are estimated using discounted cash flow analyses, using interest rates currently being offered for similar loans collateralized by properties with similar investment risk. The fair values for mortgage loans in default are established at the lower of the fair value of the underlying collateral less costs to sell or the carrying amount of the loan.

Cash, Cash Equivalents and Short-Term Investments

The fair values of cash, cash equivalents and short-term investments are based on quoted market prices or stated amounts.

Securities Lending Reinvested Collateral Assets

The fair values of securities lending reinvested collateral assets are determined through the use of third-party sources utilizing publicly quoted prices.

Other Invested Assets

Other invested assets primarily include surplus debentures for which fair values have been determined through the use of third-party pricing services utilizing market observable inputs.

Assets Held in Separate Accounts

Assets held in separate accounts primarily include debt securities, equity securities, mutual funds and mortgage loans. The fair values of these assets have been determined using the same methodologies as similar assets held in the general account.

22

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Life and Annuity Reserves for Investment-Type Contracts and Deposit Fund Liabilities

The fair value of liabilities for investment-type contracts is based on the present value of estimated liability cash flows, which are discounted using rates that incorporate risk-free rates and margins for the Company’s own credit spread and the riskiness of cash flows. Key assumptions to the cash flow model include the timing of policyholder withdrawals and the level of interest credited to contract balances. Fair values for insurance reserves are not required to be disclosed. However, the estimated fair values of all insurance reserves and investment contracts are taken into consideration in the Company’s overall management of interest rate risk.

Securities Lending Liability

The liability represents the Company’s obligation to return collateral related to securities lending transactions. The liability is short-term in nature and therefore, the fair value of the obligation approximates the carrying amount.

Separate Account Liabilities

Certain separate account liabilities are classified as investment contracts and are carried at an amount equal to the related separate account assets. Carrying value is a reasonable estimate of the fair value as it represents the exit value as evidenced by withdrawal transactions between contract holders and the Company.

Assets and liabilities measured at fair value on a recurring basis are outlined below:

	Assets
	(Liabilities)
	Measured at		Fair Value Hierarchy Level
	Fair Value		Level 1		Level 2		Level 3
	(In Thousands)
At December 31, 2016
Assets:
Residential mortgage-backed securities	$	126	$	—	$	126	$	—
Common stocks, unaffiliated	21,774		21,774		—		—
Separate account assets*	403,914		374,311		29,603		—
Total assets	$	425,814	$	396,085	$	29,729	$	—
At December 31, 2015
Assets:
Common stocks, unaffiliated	$	32,832	$	32,832	$	—	$	—
Separate account assets*	378,181		378,181		—		—
Total assets	$	411,013	$	411,013	$	—	$	—

* Separate account assets measured at fair value in this table do not include assets backing market value adjusted annuities, which are held at amortized cost, with the exception of securities rated NAIC 6 where the security’s fair value is below amortized cost.

There were no transfers between Level 1 and Level 2 of the fair value hierarchy.

23

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The Company did not have any significant assets or liabilities measured at fair value on a nonrecurring basis as ofDecember 31, 2016 and 2015.

The carrying amounts and fair values of the Company’s significant financial instruments follow:

	December 31, 2016
	Carrying Amount			Fair Value			(Level 1)		(Level 2)			(Level 3)
	(In Thousands)
Assets:
Bonds	$	2,518,863		$	2,602,426		$	8,601	$	2,522,630		$	71,195
Common stock, unaffiliated**	27,410			27,410			27,410		—			—
Preferred stock	6,139			6,173			—		1,118			5,055
Mortgage loans	134,490			132,659			—		—			132,659
Cash, cash equivalents and short-term investments	23,282			23,282			23,282		—			—
Other invested assets, surplus notes	3,054			3,360			—		3,360			—
Securities lending reinvested collateral assets	49,243			49,243			49,243		—			—
Separate account assets	1,779,754			1,822,311			427,024		1,239,516			155,771
Liabilities:
Life and annuity reserves for investment-type contracts and deposit fund liabilities	$	(1,942,616	)	$	(2,049,672	)	$	—	$	—		$	(2,049,672	)
Securities lending liability	(49,243		)	(49,243		)	—		(49,243		)	—
Separate account liabilities*	(1,328,047		)	(1,395,927		)	—		—			(1,395,927		)
	December 31, 2015
	Carrying Amount			Fair Value			(Level 1)		(Level 2)			(Level 3)
	(In Thousands)
Assets:
Bonds	$	2,569,903		$	2,621,780		$	8,670	$	2,541,361		$	71,749
Common stock, unaffiliated	32,832			32,832			32,832		—			—
Preferred stock	6,139			6,131			—		1,249			4,882
Mortgage loans	85,473			85,301			—		—			85,301
Cash, cash equivalents and short-term investments	1,363			1,363			1,363		—			—
Other invested assets, surplus notes	3,055			3,214			—		3,214			—
Securities lending reinvested collateral assets	80,810			80,810			80,810		—			—
Separate account assets	1,811,380			1,850,544			419,295		1,265,837			165,412
Liabilities:
Life and annuity reserves for investment-type contracts and deposit fund liabilities	$	(1,986,959	)	$	(2,154,773	)	$	—	$	—		$	(2,154,773	)
Securities lending liability	(80,810		)	(80,810		)	—		(80,810		)	—
Separate account liabilities*	(1,380,040		)	(1,468,448		)	—		—			(1,468,448		)

* Variable annuity contracts are considered insurance contracts and therefore, are not included in separate account liabilities for purposes of this disclosure.

** Includes FHLB common stock, which is held at cost.

24

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

4. Related-Party Transactions

The Company paid a $34.0 million ordinary dividend to Integrity in November 2016. The dividend was in the form of cash.

The Company paid a $37.0 million ordinary dividend to Integrity in November 2015. The dividend was in the form of cash.

The Company paid a $6.5 million ordinary dividend to Integrity in November 2014. The dividend was in the form of cash.

The Company had $0.0 million and $0.2 million receivable from parent, subsidiaries and affiliates as of December 31, 2016 and 2015, respectively. The Company had $1.4 million and $1.3 million payable to parent, subsidiaries and affiliates as of December 31, 2016 and 2015, respectively. The terms of the settlement generally require that these amounts be settled in cash within 30 days.

5. Reinsurance

Certain premiums and benefits are ceded to other insurance companies under various reinsurance agreements. The ceded insurance agreements provide the Company with increased capacity to write larger risks and maintain its exposure to loss within its capital resources.

The effects of reinsurance on premiums, annuity considerations and deposit-type funds are as follows for the years ended December 31:

	2016			2015			2014
	(In Thousands)
Direct premiums	$	280,346		$	255,481		$	247,170
Assumed premiums:
Affiliates	—			—			—
Nonaffiliates	—			—			—
Ceded premiums:
Affiliates	—			—			—
Nonaffiliates	(497		)	(338		)	(118		)
Net premiums	$	279,849		$	255,143		$	247,052

25

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The Company’s ceded reinsurance arrangements reduced certain other items in the accompanying financial statements by the following amounts as of and for the years ended December 31:

	2016		2015		2014
	(In Thousands)
Benefits paid or provided:
Affiliates	$	—	$	—	$	—
Nonaffiliates	368		108		(120		)
Policy and contract liabilities:
Affiliates	—		—		—
Nonaffiliates	1,316		1,121		741
Amounts receivable on reinsurance contracts:
Affiliates	—		—		—
Nonaffiliates	—		—		—

In 2016, 2015 and 2014, the Company did not commute any ceded reinsurance nor did it enter into or engage in any agreement that reinsures policies or contracts that were in-force or had existing reserves as of the effective date of such agreements.

At December 31, 2016, the Company has no reserves ceded to unauthorized reinsurers. Amounts payable or recoverable for reinsurance on policy and contract liabilities are not subject to periodic or maximum limits. AtDecember 31, 2016, the Company’s reinsurance recoverables are not material and no individual reinsurer owed the Company an amount that was equal to or greater than 3% of the Company’s capital and surplus.

Neither the Company nor any of its related parties, control directly or indirectly, any reinsurers with whom the Company conducts business. No policies issued by the Company have been reinsured with a foreign company, which is controlled, either directly or indirectly, by a party not primarily engaged in the business of insurance. The Company does not have any reinsurance agreements in effect under which the reinsurer may unilaterally cancel the agreement. AtDecember 31, 2016, there are no reinsurance agreements in effect such that the amount of losses paid or accrued exceed the total direct premium collected. The Company remains obligated for amounts ceded in the event that the reinsurers do not meet their obligations.

There would be no reduction in surplus atDecember 31, 2016, if all reinsurance agreements were cancelled.

6. Federal Income Taxes

The Company is included in the consolidated federal income tax return of Western and Southern. The Company had a receivable (payable) from (to) Western and Southern in the amount of $(4.0) million and $0.9 million at December 31, 2016 and 2015, respectively. The tax years 2008 through 2016 remain subject to examination by major tax jurisdictions.

The amount of federal income taxes incurred that will be available for recoupment atDecember 31, 2016; in the event of future net losses is$21.3 million, $17.8 million, and $23.1 million from 2016, 2015 and 2014, respectively.

26

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The components of the net deferred tax asset (liability) at December 31 are as follows:

		12/31/2016
		(in thousands)
		(1)		(2)			(3)
							(Col 1+2)
		Ordinary		Capital			Total
(a)	Gross deferred tax assets	$	21,673	$	6,101		$	27,774
(b)	Statutory valuation allowance adjustments	—		—			—
(c)	Adjusted gross deferred tax assets (a - b)	21,673		6,101			27,774
(d)	Deferred tax assets nonadmitted	9,150		—			9,150
(e)	Subtotal net admitted deferred tax assets (c - d)	12,523		6,101			18,624
(f)	Deferred tax liabilities	5,082		8,697			13,779
(g)	Net admitted deferred tax asset/(net deferred tax liability) (e - f)	$	7,441	$	(2,596	)	$	4,845
		12/31/2015
		(in thousands)
		(4)		(5)			(6)
							(Col 4+5)
		Ordinary		Capital			Total
(a)	Gross deferred tax assets	$	24,719	$	6,734		$	31,453
(b)	Statutory valuation allowance adjustments	—		—			—
(c)	Adjusted gross deferred tax assets (a - b)	24,719		6,734			31,453
(d)	Deferred tax assets nonadmitted	4,897		—			4,897
(e)	Subtotal net admitted deferred tax assets (c - d)	19,822		6,734			26,556
(f)	Deferred tax liabilities	6,751		12,943			19,694
(g)	Net admitted deferred tax asset/(net deferred tax liability) (e - f)	$	13,071	$	(6,209	)	$	6,862

27

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

		Change
		(in thousands)
		(7)			(8)			(9)
								(Col 7+8)
		Ordinary			Capital			Total
(a)	Gross deferred tax assets	$	(3,046	)	$	(633	)	$	(3,679	)
(b)	Statutory valuation allowance adjustments	—			—			—
(c)	Adjusted gross deferred tax assets (a - b)	(3,046		)	(633		)	(3,679		)
(d)	Deferred tax assets nonadmitted	4,253			—			4,253
(e)	Subtotal net admitted deferred tax assets (c - d)	(7,299		)	(633		)	(7,932		)
(f)	Deferred tax liabilities	(1,669		)	(4,246		)	(5,915		)
(g)	Net admitted deferred tax asset/(net deferred tax liability) (e - f)	$	(5,630	)	$	3,613		$	(2,017	)
		12/31/2016
		(in thousands)
		(1)			(2)			(3)
								(Col 1+2)
Admission Calculation Components SSAP No. 101		Ordinary			Capital			Total
(a)	Federal income taxes paid in prior years recoverable through loss carrybacks	$	4,845		$	—		$	4,845
(b)	Adjusted gross deferred tax assets expected to be realized (excluding the amount of deferred tax assets from (a) above) after application of the threshold limitation (the lesser of (b)1 and (b)2 below)	—			—			—
	1. Adjusted gross deferred tax assets expected to be realized following the balance sheet date.	—			—			—
	2. Adjusted gross deferred tax assets allowed per limitation threshold.	XXX			XXX			53,162
(c)	Adjusted gross deferred tax assets (excluding the amount of deferred tax assets from (a) and (b) above) offset by gross deferred tax liabilities	7,678			6,101			13,779
(d)	Deferred tax assets admitted as the result of application of SSAP No. 101 Total ((a) + (b) + (c))	$	12,523		$	6,101		$	18,624

28

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

		12/31/2015
		(in thousands)
		(4)			(5)			(6)
								(Col 4+5)
Admission Calculation Components SSAP No. 101		Ordinary			Capital			Total
(a)	Federal income taxes paid in prior years recoverable through loss carrybacks	$	6,862		$	—		$	6,862
(b)	Adjusted gross deferred tax assets expected to be realized (excluding the amount of deferred tax assets from (a) above) after application of the threshold limitation (the lesser of (b)1 and (b)2 below)	—			—			—
	1. Adjusted gross deferred tax assets expected to be realized following the balance sheet date.	—			—			—
	2. Adjusted gross deferred tax assets allowed per limitation threshold.	XXX			XXX			52,467
(c)	Adjusted gross deferred tax assets (excluding the amount of deferred tax assets from (a) and (b) above) offset by gross deferred tax liabilities	12,960			6,734			19,694
(d)	Deferred tax assets admitted as the result of application of SSAP No. 101 Total ((a) + (b) + (c))	$	19,822		$	6,734		$	26,556
		Change
		(in thousands)
		(7)			(8)			(9)
								(Col 7+8)
Admission Calculation Components SSAP No. 101		Ordinary			Capital			Total
(a)	Federal income taxes paid in prior years recoverable through loss	$	(2,017	)	$	—		$	(2,017	)
(b)	Adjusted gross deferred tax assets expected to be realized (excluding the amount of deferred tax assets from (a) above) after application of the threshold limitation (the lesser of (b)1 and (b)2 below)	—			—			—
	1. Adjusted gross deferred tax assets expected to be realized following the balance sheet date.	—			—			—
	2. Adjusted gross deferred tax assets allowed per limitation threshold.	XXX			XXX			696
(c)	Adjusted gross deferred tax assets (excluding the amount of deferred tax assets from (a) and (b) above) offset by gross deferred tax liabilities	(5,282		)	(633		)	(5,915		)
(d)	Deferred tax assets admitted as the result of application of SSAP No. 101 Total ((a) + (b) + (c))	$	(7,299	)	$	(633	)	$	(7,932	)

29

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

		2016	2015
		(in thousands)
(a)	Ratio percentage used to determine recovery period and threshold limitation amount	966%	967%
(b)	Amount of adjusted capital and surplus used to determine recovery period and threshold limitation in (b)2 above	$37,609	$38,242
		12/31/2016
		(1)	(2)
Impact of tax planning strategies		Ordinary	Capital
		(in thousands)
(a)	Adjusted gross DTAs amount	$21,673	$6,101
(b)	Percentage of adjusted gross DTAs by tax character attributable to the impact of tax planning strategies.	0.00%	0.00%
(c)	Net Admitted Adjusted Gross DTAs amount	$12,523	$6,101
(d)	Percentage of net admitted adjusted gross DTAs by tax character attributable to the impact of tax planning strategies.	0.00%	0.00%
		12/31/2015
		(3)	(4)
Impact of tax planning strategies		Ordinary	Capital
		(in thousands)
(a)	Adjusted gross DTAs amount	$24,719	$6,734
(b)	Percentage of adjusted gross DTAs by tax character attributable to the impact of tax planning strategies.	0.00%	0.00%
(c)	Net Admitted Adjusted Gross DTAs amount	$19,822	$6,734
(d)	Percentage of net admitted adjusted gross DTAs by tax character attributable to the impact of tax planning strategies.	0.00%	0.00%
		Change
		(5)	(6)
		(Col 1-3)	(Col 2-4)
Impact of tax planning strategies		Ordinary	Capital
		(in thousands)
(a)	Adjusted gross DTAs amount	$(3,046)	$(633)
(b)	Percentage of adjusted gross DTAs by tax character attributable to the impact of tax planning strategies.	0.00%	0.00%
(c)	Net Admitted Adjusted Gross DTAs amount	$(7,299)	$(633)
(d)	Percentage of net admitted adjusted gross DTAs by tax character attributable to the impact of tax planning strategies.	0.00%	0.00%

The Company's tax planning strategies do not include the use of reinsurance.

30

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Current income taxes incurred consist of the following major components:

			12/31/2016		12/31/2015		12/31/2014
(1)	Current income tax		(in thousands)
	(a)	Federal	$	17,171	$	16,016	$	19,967
	(b)	Foreign	—		—		—
	(c)	Subtotal	17,171		16,016		19,967
	(d)	Federal income tax on net capital gains	4,619		772		2,552
	(e)	Utilization of capital loss carryforwards	—		—		—
	(f)	Other	—		—		—
	(g)	Federal and foreign income taxes incurred	$	21,790	$	16,788	$	22,519
			(1)		(2)		(3)
							(Col 1-2)
(2)	Deferred tax assets:		12/31/2016		12/31/2015		Change
	(a)	Ordinary	(in thousands)
		(1) Discounting of unpaid losses	$	—	$	—	$	—
		(2) Unearned premium revenue	—		—		—
		(3) Policyholder reserves	15,507		17,522		(2,015		)
		(4) Investments	135		1,016		(881		)
		(5) Deferred acquisition costs	6,026		6,157		(131		)
		(6) Policyholder dividends accrual	—		—		—
		(7) Fixed assets	—		—		—
		(8) Compensation and benefits accrual	—		—		—
		(9) Pension accrual	—		—		—
		(10) Receivables - nonadmitted	5		24		(19		)
		(11) Net operating loss carryforward	—		—		—
		(12) Tax credit carryforward	—		—		—
		(13) Other	—		—		—
		(99) Subtotal	21,673		24,719		(3,046		)
	(b)	Statutory valuation allowance adjustment	—		—		—
	(c)	Nonadmitted	9,150		4,897		4,253
	(d)	Admitted ordinary deferred tax assets (2a99 - 2b - 2c)	12,523		19,822		(7,299		)
	(e)	Capital
		(1) Investments	6,101		6,734		(633		)
		(2) Net capital loss carryforward	—		—		—
		(3) Real estate	—		—		—
		(4) Other	—		—		—
		(99) Subtotal	6,101		6,734		(633		)
	(f)	Statutory valuation allowance adjustment	—		—		—
	(g)	Nonadmitted	—		—		—
	(h)	Admitted capital deferred tax assets (2e99- 2f - 2g)	6,101		6,734		(633		)
	(i)	Admitted deferred tax assets (2d + 2h)	$	18,624	$	26,556	$	(7,932	)

31

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

			(1)		(2)		(3)
							(Col 1-2)
			12/31/2016		12/31/2015		Change
(3)	Deferred tax liabilities:		(in thousands)
	(a)	Ordinary
		(1) Investments	$	3,272	$	3,874	$	(602	)
		(2) Fixed assets	—		—		—
		(3) Deferred and uncollected premium	—		—		—
		(4) Policyholder reserves	1,418		2,094		(676		)
		(5) Other	392		783		(391		)
		(99) Subtotal	5,082		6,751		(1,669		)
	(b)	Capital
		(1) Investments	8,697		12,943		(4,246		)
		(2) Real estate	—		—		—
		(3) Other	—		—		—
		(99) Subtotal	8,697		12,943		(4,246		)
	(c)	Deferred tax liabilities (3a99 + 3b99)	$	13,779	$	19,694	$	(5,915	)
(4)	Net deferred tax assets/liabilities (2i - 3c)		$	4,845	$	6,862	$	(2,017	)

Among the more significant book-to-tax adjustments were the following:

	12/31/2016			Effective Tax Rate		12/31/2015			Effective Tax Rate		12/31/2014			Effective Tax Rate
	(in thousands)					(in thousands)					(in thousands)
Provision computed at statutory rate	$	20,307		35.00	%	$	17,145		35.00	%	$	25,500		35.00	%
Dividend received deduction	(740		)	(1.28	)	(527		)	(1.08	)	(765		)	(1.05	)
Tax credits	(9		)	(0.02	)	—			—		—			—
Interest maintenance reserve adjustment	—			—		(1,160		)	(2.37	)	(2,142		)	(2.94	)
Reserve change	—			—		(5,312		)	(10.84	)	—			—
Non-admitted assets	—			—		—			—		6,096			8.37
Other	240			0.42		45			0.09		597			0.82
Total statutory income taxes	$	19,798		34.12	%	$	10,191		20.80	%	$	29,286		40.20	%
Federal taxes incurred	$	21,790		37.56	%	$	16,788		34.27	%	$	22,519		30.91	%
Change in net deferred income taxes	(1,992		)	(3.44	)	(6,597		)	(13.47	)	6,767			9.29
Total statutory income taxes	$	19,798		34.12	%	$	10,191		20.80	%	$	29,286		40.20	%

At December 31, 2016, the Company had $0.0of net operating loss carryforwards, net capital loss carryforwards and tax credit carry forwards; the company had$0.0of deferred tax liabilities that are not recognized.

32

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

7. Capital and Surplus

The Company is required by statutory regulations to meet minimum risk-based capital standards. Risk-based capital is a method of measuring the minimum amount of capital appropriate for an insurance company to support its overall business operations in consideration of its size and risk profile. At December 31, 2016 and 2015, the Company exceeded the minimum risk-based capital.

The ability of the Company to pay dividends is limited by state insurance laws. Under New York insurance laws, the Company may pay dividends, without the approval of the New York Insurance Superintendent, provided those dividends do not exceed (when added to the other dividends paid in the preceding 12 months) the lesser of (i) 10% of the Company's surplus as of the prior December 31, or (ii) the Company's net gain from operations for the immediately preceding calendar year, not including realized capital gains. Dividends are noncumulative. As of December 31, 2016, the Company has $34.0 million eligible for dividends in 2017.

8. Commitments and Contingencies

The Company is named as a defendant in various legal actions arising principally from claims made under insurance policies and contracts. The Company believes the resolution of these actions will not have a material effect on the Company’s financial position or results of operations.

At December 31, 2016, the Company does not have any material lease agreements for office space or equipment.

At December 31, 2016the Company has future commitments to provide additional capital contributions of$20.6 millionto investments in joint ventures organized as limited partnerships or limited liability companies.

33

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

9. Annuity Reserves and Deposit-Type Contract Liabilities

At December 31, 2016, the Company’s general and separate account annuity reserves and deposit fund liabilities that are subject to discretionary withdrawal (with adjustment), subject to discretionary withdrawal (without adjustment), and not subject to discretionary withdrawal provisions are summarized as follows:

	General Account			Separate Account With Guarantees		Separate Account Non-guaranteed		Total		Percent
	(In Thousands)
Subject to discretionary withdrawal:
With fair value adjustment	$	(50	)	$	1,328,047	$	—	$	1,327,997	33.2	%
At book value less current surrender charge of 5% or more	765,423			—		—		765,423		19.1
At fair value	—			—		367,248		367,248		9.2
Total with adjustment or at market value	765,373			1,328,047		367,248		2,460,668		61.4
Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment)	1,095,316			—		—		1,095,316		27.4
Not subject to discretionary withdrawal	447,605			—		—		447,605		11.2
Total annuity reserves and deposit-type contract liabilities (before reinsurance)	2,308,294			1,328,047		367,248		4,003,589		100.0	%
Less reinsurance ceded	431			—		—		431
Net annuity reserves and deposit-type contract liabilities	$	2,307,863		$	1,328,047	$	367,248	$	4,003,158

Interest rate changes may have temporary effects on the sale and profitability of annuity products offered by the Company. Although the rates offered by the Company are adjustable in the long-term, in the short-term they may be subject to contractual and competitive restrictions, which may prevent timely adjustment. The Company’s management constantly monitors interest rates with respect to a spectrum of product durations and sells annuities that permit flexible responses to interest rate changes as part of the Company’s management of interest spreads. However, adverse changes in investment yields on invested assets will affect the earnings on those products with a guaranteed return.

Federal Home Loan Bank

The Company is a member of the FHLB of Cincinnati. Through its membership, the Company has the ability to conduct business activity (borrowings) with the FHLB. The Company’s strategy is to utilize FHLB funds to increase profitability. As of the financial statement date, the Company has purchased $5.6 million in FHLB membership stock but has not conducted any borrowings. The Company has determined the actual/estimated maximum borrowing capacity as $250.0 million.

34

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

10. Separate Accounts

The Company’s guaranteed separate account consists of non-indexed, guaranteed rate options that include market value adjustments. The guaranteed rate options are sold in fixed annuity products and as investment options within the Company’s variable annuity products. These guaranteed rate options carry a minimum interest guarantee based on the guarantee period selected by the policyholder. The fixed annuity products offered provide a death benefit equal to the account value. The fixed investment options within the Company’s variable annuity products provide the death benefits listed below for variable annuities.

The Company’s nonguaranteed separate accounts consist of subaccounts available through variable annuities and group variable life insurance. The net investment experience of each subaccount is credited directly to the policyholder and can be positive or negative. The variable annuities include guaranteed minimum death benefits that vary by product and include optional death benefits available on some products. The death benefits offered by the Company include the following: account value, return of premium paid, a death benefit that is adjusted after seven years to the current account value, and a death benefit that is adjusted annually to the current account value. Some variable annuities also provide living benefits, which include guaranteed accumulation amounts on a date certain, guaranteed minimum withdrawal amounts and guaranteed minimum lifetime withdrawal amounts. The death benefit under the group variable life insurance policies may vary with the investment performance of the underlying investments in the separate accounts.

As of December 31, 2016, the Company’s general account had a maximum guarantee for separate account liabilities of $9.4 million. To compensate the general account for the risk taken, the separate accounts paid risk charges of $0.9 million, $0.9 million, $0.7 million, $0.5 million and $0.5 million in 2016, 2015, 2014, 2013, and 2012, respectively. The Company’s general account paid $0.1 million, $0.1 million, $0.2 million, $0.2 million and $0.8 million towards separate account guarantees in 2016, 2015, 2014, 2013, and 2012, respectively.

35

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Information regarding the separate accounts of the Company as of and for the year ended December 31, 2016, is as follows:

	Separate Accounts With Guarantees
	Nonindexed Guaranteed Less Than/ Equal to 4%		Nonindexed Guaranteed More Than 4%		Nonguaranteed Separate Accounts		Total
	(In Thousands)
Premiums, considerations or deposits	$	85,549	$	936	$	47,557	$	134,042
Reserves for separate accounts with assets at:
Fair value	$	—	$	—	$	396,249	$	396,249
Amortized cost	1,150,040		178,007		—		1,328,047
Total reserves	$	1,150,040	$	178,007	$	396,249	$	1,724,296
Reserves for separate accounts by withdrawal characteristics:
Subject to discretionary withdrawal:
With fair value adjustment	$	1,150,040	$	178,007	$	—	$	1,328,047
At book value without fair value adjustment and with current surrender charge of 5% or more	—		—		—		—
At fair value	—		—		396,249		396,249
At book value without fair value adjustment and with current surrender charge of less than 5%	—		—		—		—
Subtotal	1,150,040		178,007		396,249		1,724,296
Not subject to discretionary withdrawal	—		—		—		—
Total separate accounts reserves	$	1,150,040	$	178,007	$	396,249	$	1,724,296

36

National Integrity Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

A reconciliation of the amounts transferred to and from the separate accounts for the year ended December 31, 2016, is presented below:

	2016
	(In Thousands)
Transfers as reported in the Summary of Operations of the Separate Accounts Statement:
Transfers to separate accounts	$	134,042
Transfers from separate accounts	249,806
Net transfers to (from) separate accounts	(115,764		)
Reconciling adjustments:
Policy deductions and other expenses	89
Other account adjustments	(806		)
Transfers as reported in the Summary of Operations of the Company	$	(116,481	)

37

Financial Statement Schedules (Statutory-Basis)

38

National Integrity Life Insurance Company
Summary of Investments – Other Than Investments in Related Parties
(Statutory-Basis)
December 31, 2016
(In Thousands)
Schedule I
					Amount at Which
			Market		Shown in the
Type of Investment	Cost (1)		Value		Balance Sheet
Debt securities
Bonds:
United States government and
government agencies and authorities	$	42,819	$	43,568	$	42,819
States, municipalities and political
subdivisions	277,611		284,759		277,611
Foreign governments	34,348		34,870		34,348
All other corporate bonds	2,164,085		2,239,229		2,164,085
Preferred stocks	6,139		6,173		6,139
Total fixed maturities	2,525,002		2,608,599		2,525,002
Equity securities
Common stocks:
Industrial, miscellaneous and all other	18,139		27,410		27,410
Mortgage loans on real estate	134,490				134,490
Policy loans	47,413				47,413
Other long-term investments	15,690				15,690
Cash, cash equivalents and short-term
investments	72,525				72,525
Total investments	$	2,813,259			$	2,822,530
(1) Original cost of equity securities and, as to fixed maturities, original cost reduced by repayments and adjusted for amortization of premiums or accrual discounts.

39

National Integrity Life Insurance Company
Supplementary Insurance Information (Statutory-Basis)
(In Thousands)
Schedule III
											Benefits,
	Future										Claims
	Policy				Policy and				Net		Losses and		Other
	Benefits and		Unearned		Contract		Premium		Investment		Settlement		Operating		Premiums
	Expenses		Premiums		Liabilities		Revenue		Income*		Expenses		Expenses*		Written
Year ended December 31, 2016
Individual life	$	245,941	$	—	$	325	$	30,848	$	14,690	$	40,464	$	1,823
Individual health	—		—		—		—		—		—		—		$	—
Group life and health	—		—		—		30,000		—		—		152		—
Annuity	2,139,416		—		55		230,423		99,432		418,540		10,791
Corporate and other			—		—		—		8,775		—		1,358
	$	2,385,357	$	—	$	380	$	291,271	$	122,897	$	459,004	$	14,124
Year ended December 31, 2015
Individual life	$	222,543	$	—	$	28	$	42,308	$	13,702	$	51,912	$	1,865
Individual health	—		—		—		—		—		—		—		$	—
Group life and health	—		—		—		—		—		—		—		—
Annuity	2,147,074		—		67		227,693		105,652		436,198		11,750
Corporate and other	—		—		—		—		3,487		—		1,605
	$	2,369,617	$	—	$	95	$	270,001	$	122,841	$	488,110	$	15,220
Year ended December 31, 2014
Individual life	$	185,843	$	—	$	30	$	30,067	$	12,268	$	39,213	$	679
Individual health	—		—		—		—		—		—		—		$	—
Group life and health	—		—		—		—		—		—		—		—
Annuity	2,144,122		—		76		232,416		117,064		481,111		9,642
Corporate and other	—		—		—		—		2,883		—		1,235
	$	2,329,965	$	—	$	106	$	262,483	$	132,215	$	520,324	$	11,556
*Allocations of net investment income and other operating expenses are based on a number of assumptions and estimates, and the results would change if different methods were applied.

40

National Integrity Life Insurance Company
Reinsurance (Statutory-Basis)
(In Thousands)
Schedule IV
									Percentage
			Ceded to		Assumed				of Amount
	Gross		Other		From Other		Net		Assumed
	Amount		Companies		Companies		Amount		to Net
Year ended December 31, 2016
Life insurance in force	$	322,767	$	40,576	$	—	$	282,191	—	%
Premiums:
Individual life	$	31,291	$	443	$	—	$	30,848	—	%
Individual health	—		—		—		—		—
Group life and health	30,000		—		—		30,000		—
Annuity	230,477		54		—		230,423		—	%
	$	291,768	$	497	$	—	$	291,271	—	%
Year ended December 31, 2015
Life insurance in force	$	205,866	$	29,280	$	—	$	176,586	—	%
Premiums:
Individual life	$	42,585	$	277	$	—	$	42,308	—	%
Individual health	—		—		—		—		—
Group life and health	—		—		—		—		—
Annuity	227,754		61		—		227,693		—	%
	$	270,339	$	338	$	—	$	270,001	—	%
Year ended December 31, 2014
Life insurance in force	$	163,340	$	11,328	$	—	$	152,012	—	%
Premiums:
Individual life	$	30,132	$	65	$	—	$	30,067	—	%
Individual health	—		—		—		—		—
Group life and health	—		—		—		—		—
Annuity	232,469		53		—		232,416		—	%
	$	262,601	$	118	$	—	$	262,483	—	%

41

STATUTORY-BASIS FINANCIAL STATEMENTS AND SCHEDULES

The Western and Southern Life Insurance Company

Years Ended December 31, 2016, 2015 and 2014

With Report of Independent Auditors

The Western and Southern Life Insurance Company

Statutory-Basis Financial Statements and Schedules

Years Ended December 31, 2016, 2015 and 2014

Contents

Report of Independent Auditors	1
Financial Statements
Balance Sheets (Statutory-Basis)	3
Statements of Operations (Statutory-Basis)	4
Statements of Changes in Capital and Surplus (Statutory-Basis)	5
Statements of Cash Flow (Statutory-Basis)	6
Notes to Financial Statements (Statutory-Basis)	7
Financial Statement Schedules (Statutory-Basis)
Schedule I - Summary of Investments - Other Than Investments in Related Parties (Statutory-Basis)	58
Schedule III - Supplementary Insurance Information (Statutory-Basis)	59
Schedule IV - Reinsurance (Statutory-Basis)	60

Report of Independent Auditors

The Board of Directors

The Western and Southern Life Insurance Company

We have audited the accompanying statutory-basis financial statements of The Western and Southern Life Insurance Company, which comprise the balance sheets as of December 31, 2016 and 2015, and the related statements of operations, changes in capital and surplus, and cash flow for each of the three years in the period ended December 31, 2016, and the related notes to the financial statements.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in conformity with accounting practices prescribed or permitted by the Ohio Department of Insurance. Management also is responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free of material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

1

Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles

As described in Note 1 to the financial statements, to meet the requirements of Ohio, the financial statements have been prepared in conformity with accounting practices prescribed or permitted by the Ohio Department of Insurance, which practices differ from U.S. generally accepted accounting principles. The variances between such practices and U.S. generally accepted accounting principles are described in Note 1. The effects on the accompanying financial statements of these variances are not reasonably determinable but are presumed to be material.

Adverse Opinion on U.S. Generally Accepted Accounting Principles

In our opinion, because of the effects of the matter described in the preceding paragraph, the statutory-basis financial statements referred to above do not present fairly, in conformity with U.S. generally accepted accounting principles, the financial position of The Western and Southern Life Insurance Company at December 31, 2016 and 2015, or the results of its operations or its cash flows for each of the three years in the period ended December 31, 2016.

Opinion on Statutory-Basis of Accounting

However, in our opinion, the statutory-basis financial statements referred to above present fairly, in all material respects, the financial position of The Western and Southern Life Insurance Company at December 31, 2016 and 2015, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2016, in conformity with accounting practices prescribed or permitted by the Ohio Department of Insurance.

Supplementary Information

Our audits were conducted for the purpose of forming an opinion on the statutory-basis financial statements as a whole. The accompanying statutory-basis financial statement supplementary information listed in Schedules I, III, and IV is presented for purposes of additional analysis and is not a required part of the statutory-basis financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the statutory-basis financial statements. The information has been subjected to the auditing procedures applied in the audit of the statutory-basis financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the statutory-basis financial statements or to the statutory-basis financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States. In our opinion, the information is fairly stated, in all material respects, in relation to the statutory-basis financial statements as a whole.

/s/ Ernst & Young LLP

Cincinnati, Ohio

April 28, 2017

2

The Western and Southern Life Insurance Company

Balance Sheets (Statutory-Basis)

	December 31
	2016			2015
Admitted assets	(In Thousands)
Cash and invested assets:
Debt securities	$	3,432,246		$	3,567,134
Preferred and common stocks	1,325,783			1,250,325
Investments in common stocks of subsidiaries	2,191,212			1,946,730
Mortgage loans	57,655			41,006
Policy loans	167,005			168,582
Real estate:
Properties held for the production of income	3,111			3,153
Properties occupied by the Company	25,993			26,854
Cash, cash equivalents and short-term investments	148,695			151,050
Receivable for securities	3,767			13,687
Derivatives	—			153
Securities lending reinvested collateral assets	17,592			55,101
Other invested assets	1,499,024			1,293,152
Total cash and invested assets	8,872,083			8,516,927
Investment income due and accrued	44,669			46,221
Premiums deferred and uncollected	52,288			51,947
Net deferred income tax asset	96,462			139,348
Receivables from parent, subsidiaries and affiliates	24,928			24,726
Other admitted assets	23,135			30,416
Separate account assets	994,109			982,729
Total admitted assets	$	10,107,674		$	9,792,314
Liabilities and capital and surplus
Liabilities:
Policy and contract liabilities:
Life and annuity reserves	$	2,654,244		$	2,619,096
Accident and health reserves	253,076			244,891
Liability for deposit-type contracts	230,632			237,126
Policy and contract claims	48,261			62,230
Dividends payable to policyholders	42,425			41,829
Premiums received in advance	3,986			4,939
Total policy and contract liabilities	3,232,624			3,210,111
General expense due and accrued	26,640			27,053
Current federal income taxes payable	8,064			27,218
Transfer to (from) separate accounts due and accrued, net	(312		)	(24		)
Asset valuation reserve	341,387			275,486
Interest maintenance reserve	51,598			46,166
Other liabilities	234,720			227,480
Pension liability	100,825			115,879
Liability for postretirement benefits other than pensions	169,500			183,347
Derivatives	—			1,174
Payable for securities lending	132,988			147,360
Separate account liabilities	994,109			982,729
Total liabilities	5,292,143			5,243,979
Capital and surplus:
Common stock, $1 par value, authorized 1,000 shares, issued and outstanding 1,000 shares	1,000			1,000
Paid-in surplus	55,003			55,003
Accumulated surplus	4,759,528			4,492,332
Total capital and surplus	4,815,531			4,548,335
Total liabilities and capital and surplus	$	10,107,674		$	9,792,314

See accompanying notes.

3

The Western and Southern Life Insurance Company

Statement of Operations (Statutory-Basis)

	Year Ended December 31
	2016			2015			2014
	(In Thousands)
Premiums and other revenues:
Premiums and annuity considerations	$	253,742		$	256,197		$	263,212
Net investment income	322,165			545,324			685,561
Considerations for supplementary contracts with life contingencies	24			—			88
Amortization of the interest maintenance reserve	2,911			2,045			2,819
Commissions and expenses on reinsurance ceded	888			855			228
Other revenues	2,368			1,307			755
Total premiums and other revenues	582,098			805,728			952,663
Benefits paid or provided:
Death benefits	139,560			179,472			152,473
Annuity benefits	119,814			108,904			95,125
Disability and accident and health benefits	16,045			16,608			19,007
Surrender benefits	71,106			76,160			81,811
Payments on supplementary contracts with life contingencies	499			534			578
Other benefits	3,464			393			6,846
Increase in policy reserves and other policyholders’ funds	49,042			17,939			16,253
Total benefits paid or provided	399,530			400,010			372,093
Insurance expenses and other deductions:
Commissions	27,606			25,515			27,457
Commissions and expenses on reinsurance assumed	1,288			(3,909		)	1,590
General expenses	138,995			140,417			134,210
Net transfers to (from) separate account	(69,680		)	(57,160		)	(50,284		)
Reserve adjustments on reinsurance assumed	(72,342		)	(82,611		)	(75,453		)
Other deductions	42,084			44,801			52,604
Total insurance expenses and other deductions	67,951			67,053			90,124
Gain (loss) from operations before dividends to policyholders, federal income tax expense, and net realized capital gains (losses)	114,617			338,665			490,446
Dividends to policyholders	57,514			57,752			57,433
Gain (loss) from operations before federal income tax expense and net realized capital gains (losses)	57,103			280,913			433,013
Federal income tax expense (benefit), excluding tax on capital gains	5,193			28,820			35,578
Gain (loss) from operations before net realized capital gains (losses)	51,910			252,093			397,435
Net realized capital gains (losses) (excluding gains (losses) transferred to IMR and capital gains tax)	1,688			15,961			122,027
Net income (loss)	$	53,598		$	268,054		$	519,462

See accompanying notes.

4

The Western and Southern Life Insurance Company

Statements of Changes in Capital and Surplus (Statutory-Basis)

	Common Stock		Paid-In Surplus		Accumulated Surplus			Total Capital and Surplus
	(In Thousands)
Balance, January 1, 2014	$	1,000	$	55,003	$	4,155,008		$	4,211,011
Net income (loss)	—		—		519,462			519,462
Change in net deferred income tax	—		—		4,905			4,905
Net change in unrealized gains (losses) on investments (net of deferred tax expense (benefit) of ($40,435))	—		—		(212,165		)	(212,165		)
Net change in nonadmitted assets and related items	—		—		13,305			13,305
Change in asset valuation reserve	—		—		(33,397		)	(33,397		)
Dividends to stockholder	—		—		(100,000		)	(100,000		)
Change in unrecognized post retirement benefit obligation	—		—		(108,911		)	(108,911		)
Balance, December 31, 2014	1,000		55,003		4,238,207			4,294,210
Net income (loss)	—		—		268,054			268,054
Change in net deferred income tax	—		—		50,246			50,246
Net change in unrealized gains (losses) on investments (net of deferred tax expense (benefit) of ($61,825))	—		—		(149,736		)	(149,736		)
Change in reserve on account of change in valuation basis, (increase) or decrease	—		—		(552		)	(552		)
Net change in nonadmitted assets and related items	—		—		(1,367		)	(1,367		)
Change in asset valuation reserve	—		—		69,912			69,912
Dividends to stockholder	—		—		(40,000		)	(40,000		)
Change in unrecognized post retirement benefit obligation	—		—		65,117			65,117
Correction of critical illness ceded reserve	—		—		(7,549		)	(7,549		)
Balance, December 31, 2015	1,000		55,003		4,492,332			4,548,335
Net income (loss)	—		—		53,598			53,598
Change in net deferred income tax	—		—		17,794			17,794
Net change in unrealized gains (losses) on investments (net of deferred tax expense (benefit) of $48,990)	—		—		271,374			271,374
Net change in nonadmitted assets and related items	—		—		(26,671		)	(26,671		)
Change in asset valuation reserve	—		—		(65,901		)	(65,901		)
Change in unrecognized post retirement benefit obligation	—		—		21,709			21,709
Correction of traditional life reserves	—		—		(4,707		)	(4,707		)
Balance, December 31, 2016	$	1,000	$	55,003	$	4,759,528		$	4,815,531

See accompanying notes.

5

The Western and Southern Life Insurance Company

Statements of Cash Flow (Statutory-Basis)

	Year Ended December 31
	2016			2015			2014
	(In Thousands)
Operating activities
Premiums collected net of reinsurance	$	253,220		$	257,767		$	264,930
Net investment income received	289,537			399,831			428,422
Benefits paid	(376,867		)	(412,304		)	(376,189		)
Net transfers from (to) separate accounts	69,392			57,158			51,156
Commissions and expense paid	(96,818		)	(68,181		)	(84,281		)
Dividends paid to policyholders	(56,917		)	(57,224		)	(57,551		)
Federal income taxes recovered (paid)	(42,867		)	(47,844		)	(90,217		)
Other, net	3,257			2,163			983
Net cash from (for) operations	41,937			131,366			137,253
Investing activities
Proceeds from investments sold, matured or repaid:
Debt securities	825,252			798,604			724,949
Preferred and common stocks	546,227			781,840			1,065,984
Mortgage loans	920			11,565			967
Real estate	473			745			—
Other invested assets	153,463			140,199			137,028
Net gains (losses) on cash, cash equivalents and short-term investments	45			(11		)	(25		)
Miscellaneous proceeds	47,582			295,374			80,090
Net proceeds from investments sold, matured or repaid	1,573,962			2,028,316			2,008,993
Cost of investments acquired:
Debt securities	(690,324		)	(829,108		)	(722,393		)
Preferred and common stocks	(544,379		)	(590,543		)	(1,022,947		)
Mortgage loans	(17,569		)	(35,716		)	—
Real estate	(1,139		)	(1,398		)	(1,989		)
Other invested assets	(290,787		)	(306,777		)	(185,211		)
Miscellaneous applications	(968		)	(78,511		)	(291,956		)
Total cost of investments acquired	(1,545,166		)	(1,842,053		)	(2,224,496		)
Net change in policy and other loans	1,577			3,157			2,549
Net cash from (for) investments	30,373			189,420			(212,954		)
Financing activities
Net deposits on deposit-type contract funds and other insurance liabilities	(6,494		)	(3,238		)	(3,233		)
Dividends paid to stockholder	—			(40,000		)	(100,000		)
Other cash provided (applied)	(68,171		)	(230,284		)	57,706
Net cash from (for) financing and miscellaneous sources	(74,665		)	(273,522		)	(45,527		)
Net change in cash, cash equivalents and short-term investments	(2,355		)	47,264			(121,228		)
Cash, cash equivalents and short-term investments:
Beginning of year	151,050			103,786			225,014
End of year	$	148,695		$	151,050		$	103,786
Cash flow information for noncash transactions
Dividend from Integrity Life Insurance Company in the form of debt securities	$	—		$	—		$	24,983
Dividend from Western-Southern Life Assurance Company in the form of debt securities	$	—		$	99,102		$	184,074

See accompanying notes.

6

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

1. Nature of Operations and Significant Accounting Policies

The Western and Southern Life Insurance Company (the Company) is a stock life insurance company that offers primarily individual traditional and whole life insurance policies. The Company is licensed in 43 states and the District of Columbia. For the year endedDecember 31, 2016, approximately 68.0% of the gross premiums and annuity considerations for the Company were derived from California, Illinois, Indiana, North Carolina, Ohio, and Pennsylvania. The Company is domiciled in Ohio. The Company is an indirect, wholly-owned subsidiary of Western & Southern Mutual Holding Company (Mutual Holding), a mutual holding company formed pursuant to the insurance regulations of the State of Ohio. Ohio law requires Mutual Holding to hold at least a majority voting interest in the Company. Currently, Mutual Holding indirectly holds 100% of the voting interest through Western & Southern Financial Group, Inc. (WSFG), its wholly-owned subsidiary. The Company wholly owns the following insurance entities: Western-Southern Life Assurance Company (WSLAC), Columbus Life Insurance Company (Columbus Life) and Integrity Life Insurance Company (Integrity). Integrity Life Insurance Company wholly owns National Integrity Life Insurance Company (National).

State regulatory authorities have powers relating to granting and revoking licenses to transact business, the licensing of agents, the regulation of premium rates and trade practices, the form and content of insurance policies, the content of advertising material, financial statements and the nature of permitted practices.

Included within the financial statements, the Company has established and operates a closed block for the benefit of holders of most participating individual ordinary and weekly industrial life insurance policies issued on or before the formation of Mutual Holding in 2000 (the Closed Block). Assets have been allocated to the Closed Block in an amount that is expected to produce cash flows which, together with anticipated revenue from the policies included in the Closed Block, are reasonably expected to be sufficient to support the Closed Block policies, the continuation of policyholder dividends, in aggregate, in accordance with the 2000 dividend scale if the experience underlying such scale continues, and for appropriate adjustments in the dividend scale if the experience changes. Invested assets allocated to the Closed Block consist primarily of high-quality debt securities, mortgage loans, policy loans, short-term investments, other invested assets, and securities lending reinvested collateral. Invested assets of$2,073.7 million and $2,128.5 million were allocated to the Closed Block as of December 31, 2016 and 2015, respectively. The assets allocated to the Closed Block inure solely for the benefit of the Closed Block policyholders and will not revert to the benefit of the Company. The purpose of the Closed Block is to protect the policy dividend expectations of these policies after the formation of Mutual Holding. The Closed Block will continue in effect until the last policy in the Closed Block is no longer in force.

Use of Estimates

The preparation of statutory-basis financial statements requires management to make estimates and assumptions that affect amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

7

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Basis of Presentation

The accompanying financial statements of the Company have been prepared in conformity with accounting practices prescribed or permitted by the Ohio Department of Insurance (the Department). The National Association of Insurance Commissioners’ (NAIC) Accounting Practices and ProceduresManual (NAIC SAP or SSAP) has been adopted as a component of prescribed or permitted practices by the State of Ohio. These practices differ in some respects from U.S. generally accepted accounting principles (GAAP). The more significant differences follow.

Investments

Investments in debt securities and mandatory redeemable preferred stocks are reported at amortized cost or fair value based on the NAIC’s rating; for GAAP, such fixed maturity investments are designated at purchase as held-to-maturity, trading or available-for-sale. Held-to-maturity fixed investments are reported at amortized cost, and the remaining fixed maturity investments are reported at fair value with unrealized holding gains and losses reported in the statement of operations for those designated as trading and as a separate component of other comprehensive income (loss) for those designated as available-for-sale.

All single-class and multiclass mortgage-backed/asset-backed securities (e.g., CMOs) are adjusted for the effects of changes in prepayment assumptions on the related accretion of discount or amortization of premium of such securities using the retrospective method. The prospective method is used to determine amortized cost for securities that experience a decline that is deemed to be other-than-temporary. Securities that are in an unrealized loss position which the Company intends to sell, or does not have the intent and ability to hold until recovery, are written down to fair value as a realized loss. Securities that are in an unrealized loss position which the Company has the intent and ability to hold until recovery are written down to the extent the present value of expected future cash flows using the security’s effective yield is lower than the amortized cost. For GAAP purposes, all securities, purchased or retained, that represent beneficial interests in securitized assets (e.g., CMO, CBO, CDO, CLO, MBS and ABS securities), other than high credit quality securities, are adjusted using the prospective method when there is a change in estimated future cash flows. If it is determined that a decline in fair value is other-than-temporary, the cost basis of the security is written down to the extent the present value of expected future cash flows using the security’s effective yield is lower than the amortized cost. If high credit quality securities are adjusted, the retrospective method is used.

The Company monitors other investments to determine if there has been an other-than-temporary decline in fair value. Factors that management considers for each identified security include the following:

• The extent and length of time the fair value has been below the book/adjusted carrying value;

• The reasons for the decline in value;

• Specific credit issues related to the issuer and current economic conditions, including the current and future impact of any specific events;

• For structured investments (e.g., residential mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities and other structured investments), factors such as overall deal structure and the Company’s position within the structure, quality of underlying collateral, delinquencies and defaults, loss severities, recoveries, prepayments and cumulative loss projections are considered;

8

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

• For all equity securities and other debt securities with credit-related declines in fair value, the Company’s intent and ability to hold the security long enough for it to recover its value to book/adjusted carrying value; and

• For all other debt securities with interest-related declines in fair value, the Company’s intent to sell the security before recovery of its book/adjusted carrying value.

If the decline is judged to be other-than-temporary, an impairment charge to fair value is recorded as a net realized capital loss in the period the determination is made. Under GAAP, if the decline is judged to be other-than-temporary because the Company has the intent to sell the debt security or is more likely than not to be required to sell the debt security before its anticipated recovery, an impairment charge to fair value is recorded as a net realized capital loss. If the decline is judged to be other-than-temporary because the Company does not expect to recover the entire amortized cost basis of the security due to expected credit losses, an impairment charge is recorded to net realized capital loss as the difference between amortized cost and the net present value of expected future cash flows discounted at the effective interest rate implicit in the debt security prior to impairment.

Investments in real estate are reported net of required obligations rather than on a gross basis as for GAAP. Real estate owned and occupied by the Company is included in investments rather than reported as an operating asset as under GAAP, and investment income and operating expenses include rent for the Company’s occupancy of those properties.

Under a formula prescribed by the NAIC, the Company defers the portion of realized capital gains and losses on sales of fixed income investments, principally debt securities and mortgage loans, attributable to changes in the general level of interest rates and amortizes those deferrals over the remaining period to maturitybased on groupings of individual security sold in five-year bands.The net deferral is reported as the interest maintenance reserve (IMR) in the accompanying balance sheets. Realized capital gains and losses are reported in income net of federal income tax and transfers to the IMR. Under GAAP, realized capital gains and losses are reported in the statement of operations on a pretax basis in the period that the assets giving rise to the gains or losses are sold.

The asset valuation reserve (AVR) provides a valuation allowance for invested assets. The AVR is determined by an NAIC prescribed formula with changes reflected directly in capital and surplus. AVR is not recognized for GAAP.

Subsidiaries

The accounts and operations of the Company’s subsidiaries are not consolidated with the accounts and operations of the Company as would be required under GAAP.

9

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Policy Acquisition Costs

The costs of acquiring and renewing business are expensed when incurred. Under GAAP, policy acquisition costs, related to traditional life insurance and certain long-duration accident and health insurance policies sold, to the extent recoverable from future policy revenues, would be deferred and amortized over the premium-paying period of the related policies using assumptions consistent with those used in computing policy benefit reserves; for universal life insurance and investment products, to the extent recoverable from future gross profits, deferred policy acquisition costs are amortized generally in proportion to the present value of expected gross profits from surrender charges and investments, mortality, and expense margins.

Nonadmitted Assets

Certain assets designated as “nonadmitted” (principally investments in unaudited subsidiaries and controlled and affiliated entities, electronic data processing equipment and software, and furniture and other equipment), and other assets not specifically identified as admitted assets within the NAIC’s Accounting Practices and Procedures Manual, are excluded from the accompanying balance sheets and are charged directly to accumulated surplus. Under GAAP, such assets are included in the balance sheets.

Premiums and Benefits

Revenues for universal life and annuity policies with mortality or morbidity risk, except for guaranteed interest and group annuity contracts, consist of the entire premium received, and benefits incurred represent the total of death benefits paid and the change in policy reserves. Premiums received for annuity policies without mortality or morbidity risk and for guaranteed interest and group annuity contracts are recorded using deposit accounting, and credited directly to an appropriate policy reserve account, without recognizing premium income. Under GAAP, premiums received in excess of policy charges would not be recognized as premium revenue and benefits would represent the excess of benefits paid over the policy account value and interest credited to the account values.

Benefit Reserves

Certain policy reserves are calculated using statutorily prescribed interest and mortality assumptions rather than on estimated expected experience or actual account balances as would be required under GAAP.

Reinsurance

A liability for reinsurance balances is required to be provided for unsecured policy reserves ceded to reinsurers not authorized to assume such business. Changes to those amounts are credited or charged directly to capital and surplus. Under GAAP, an allowance for amounts deemed uncollectible would be established through a charge to earnings.

Policy and contract liabilities ceded to reinsurers have been reported as reductions of the related reserves rather than as assets as would be required under GAAP. Commissions allowed by reinsurers on business ceded are reported as income when incurred rather than being deferred and amortized with policy acquisition costs as required under GAAP.

10

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Employee Benefits

For purposes of calculating the Company’s pension and postretirement benefit obligations, vested participants, non-vested participants and current retirees are included in the valuation. The prepaid pension asset resulting from the excess of the fair value of plan assets over the benefit obligation, which is nonadmitted under statutory accounting rules, is included in other comprehensive income under GAAP.

Deferred Income Taxes

Deferred tax assets are recorded for the amount of gross deferred tax assets expected to be realized in future years, and a valuation allowance is established for deferred tax assets not meeting a more-likely-than-not realization threshold. Deferred tax assets are limited to 1) the amount of federal income taxes paid in prior years that can be recovered through loss carrybacks for existing temporary differences that reverse during a time frame corresponding with Internal Revenue Service (IRS) tax loss carryback provisions, not to exceed three years, including amounts established in accordance with the provision of SSAP No. 5R, plus 2) for entities who meet the required realization threshold in SSAP No. 101, the lesser of the remaining gross deferred tax assets expected to be realized within three years of the balance sheet date or 15% of capital and surplus excluding any net deferred tax assets, electronic data processing equipment and operating software and any net positive goodwill, plus 3) the amount of remaining gross deferred tax assets that can be offset against existing gross deferred tax liabilities. The remaining deferred tax assets are nonadmitted. Under GAAP, a deferred tax asset is recorded for the amount of gross deferred tax assets expected to be realized in all future years, and a valuation allowance is established for deferred tax assets not meeting a more-likely-than-not realization threshold.

Policyholder Dividends

Policyholder dividends are recognized when declared rather than over the term of the related policies.

Statements of Cash Flow

Cash, cash equivalents and short-term investments in the statements of cash flow represent cash balances and investments with initial maturities of one year or less. Under GAAP, the corresponding captions of cash and cash equivalents include cash balances and investments with initial maturities of three months or less.

Other significant statutory accounting practices follow.

Investments

Debt securities, common stocks, preferred stocks, and short-term investments are stated at values prescribed by the NAIC, as follows:

Debt securities not backed by other loans are principally stated at amortized cost using the interest method.

Single-class and multiclass mortgage-backed/asset-backed securities are valued at amortized cost using the interest method including anticipated prepayments. Prepayment assumptions are obtained from Bloomberg and broker-dealer prepayment models or derived from empirical data and are based on the current interest rate and economic environment. The retrospective adjustment method is used to value

11

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

all such securities except securities that are deemed to be other-than-temporarily impaired and securities that are principal-only or interest-only, which are valued using the prospective method.

Unaffiliated common stocks arereported at fair value utilizing publicly quoted prices from third-party pricing services and the related unrealized capital gains and losses are reported in capital and surplus along with any adjustment for federal income taxes.

Redeemable preferred stocks that have characteristics of debt securities and are rated as medium quality or better are reported at cost or amortized cost. All other redeemable preferred stocks are reported at the lower of cost, amortized cost or fair value. Perpetual preferred stocks that have the characteristics of equity securities and are rated as medium quality or better are reported at cost. All other perpetual preferred stocks are reported at the lower of cost or fair value utilizing publicly quoted prices from third-party pricing services and the related unrealized capital gains and losses are reported in capital and surplus along with any adjustment for federal income taxes.

There are no restrictions on unaffiliated common or preferred stocks.

Short-term investments include investments with remaining maturities of one year or less at the date of acquisition and are principally stated at amortized cost, which approximates fair value.

Cash equivalents are short-term highly liquid investments with original maturities of three months or less and are principally stated at amortized cost, which approximates fair value.

The Company’s insurance subsidiaries are reported at their underlying statutory equity. The Company’s noninsurance subsidiaries are reported based on underlying audited GAAP equity. The net change in the subsidiaries’ equity is included in capital and surplus.

Joint ventures, partnerships, and limited liability companies are carried at the Company’s interest in the underlying audited GAAP equity of the investee. Undistributed earnings allocated to the Company are reported in the change in net unrealized capital gains or losses. Distributions from earnings of the investees are reported as net investment income when received. Because of the indirect nature of these investments, there is an inherent reduction in transparency and liquidity and increased complexity in valuing the underlying investments. As a result, these investments are actively managed by the Company’s management via detailed evaluation of the investment performance relative to risk.

Mortgage loans are reported at unpaid principal balances, less an allowance for impairment. A mortgage loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all principal and interest amounts due according to the contractual terms of the mortgage agreement. When management determines foreclosure is probable, the impairment is other than temporary; the mortgage loan is written down to realizable value and a realized loss is recognized.

Policy loans are reported at unpaid principal balances.

Real estate occupied by the Company and real estate held for the production of income are reported at depreciated cost net of related obligations. Real estate that the Company has the intent to sell is reported at

12

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

the lower of depreciated cost or fair value, net of related obligations. Depreciation is computed by the straight-line method over the estimated useful life of the properties.

Property acquired in the satisfaction of debt is recorded at the lower of cost less accumulated depreciation or fair market value.

Debt securities and other loan interest are credited to income as it accrues. Dividends are recorded as income on ex-dividend dates. To the extent income is uncertain, due and accrued income is excluded and treated as nonadmitted through surplus.

Realized capital gains and losses are determined using the specific identification method.

Premiums

Life and accident and health premiums are recognized as revenue when due. Premiums for annuity policies with mortality and morbidity risk, except for guaranteed interest and group annuity contracts, are also recognized as revenue when due. Premiums received for annuity policies without mortality or morbidity risk and for guaranteed interest and group annuity contracts are recorded using deposit accounting.

Policy Reserves

Life, annuity and accident and health disability benefit reserves are developed by actuarial methods and are determined based on published tables using statutorily specified interest rates and valuation methods that will provide, in the aggregate, reserves that are greater than or equal to the minimum or guaranteed policy cash values or the amounts required by the Department. The Company waives deduction of deferred fractional premiums on the death of life and annuity policy insureds and doesreturn any premium beyond the date of death. Surrender values on policies do not exceed the corresponding benefit reserves. Policies issued subject to multiple table substandard extra premiums are valued on the standard reserve basis which recognizes the nonlevel incidence of the excess mortality costs. Additional reserves are established when the results of cash flow testing under various interest rate scenarios indicate the need for such reserves, or the net premiums exceed the gross premiums on any insurance in-force.

13

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Policy reserves for life insurance and supplemental benefits are computed on the Commissioner’s Reserve Valuation Method. The following mortality tables and interest rates are used:

	Percentage of Reserves
	2016		2015
Life insurance:
1941 Commissioners Standard Ordinary, 2-1/4% - 3-1/2%	8.7	%	9.2	%
1941 Standard Industrial, 2-1/2% - 3-1/2%	11.1		11.4
1958 Commissioners Standard Ordinary, 2-1/2% - 6%	21.5		22.4
1980 Commissioners Standard Ordinary, 4% - 6%	39.5		39.5
2001 Commissioners Standard Ordinary, 3-1/2% - 4-1/2%	13.0		11.1
Other, 2-1/2% - 6%	4.7		4.8
	98.5	%	98.4	%
Other benefits (including annuities):
Various, 2-1/2% - 8-1/4%	1.5		1.6
	100.0	%	100.0	%

The mean reserve method is used to adjust the calculated terminal reserve to the appropriate reserve at December 31. Mean reserves are determined by computing the regular mean reserve for the plan at the rated age and holding, in addition, one-half of the extra premium charge for the year. Policies issued after July 1 for substandard lives, are charged an extra premium plus the regular premium for the true age. Mean reserves are based on appropriate multiples of standard rates of mortality. An asset is recorded for deferred premiums net of loading to adjust the reserve for modal premium payments.

For substandard table ratings, mean reserves are based on 125% to 500% of standard mortality rates. For flat extra ratings, mean reserves are based on the standard or substandard mortality rates increased by 1 to 25 deaths per thousand.

As of December 31, 2016 and 2015, reserves of $25.3 million and $21.1 million, respectively, were recorded on in-force amounts of $1,392.4 million and $1,163.2 million, respectively, for which gross premiums are less than the net premiums according to the standard of valuation required by the Department. The Company anticipates investment income as a factor in the premium deficiency calculation for all accident and health contracts.

Tabular interest, tabular less actual reserves released, and tabular cost have been determined by formula. Tabular interest on funds not involving life contingencies is calculated as one-hundredth of the product of such valuation rate of interest times the mean of the amount of funds subject to such valuation rate of interest held at the beginning and end of the year of valuation.

The establishment of appropriate reserves is an inherently uncertain process, and there can be no assurance that the ultimate liability will not exceed the Company’s policy reserves and have an adverse effect on the Company’s results of operations and financial condition. Due to the inherent uncertainty of estimating reserves, it has been necessary, and may over time continue to be necessary, to revise estimated future liabilities as reflected in the Company’s policy reserves.

14

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Policyholders’ Dividends

The amount of policyholders’ dividends to be paid (including those on policies included in the Closed Block) is determined annually by the Company’s Board of Directors. The aggregate amount of policyholders’ dividends is related to actual interest, mortality, morbidity and expense experience for the year and judgment as to the appropriate level of statutory surplus to be retained by the Company.

Policy and Contract Claims

Policy and contract claims in process of settlement represent the estimated ultimate net cost of all reported and unreported claims incurred throughDecember 31, 2016 and 2015. The reserves for unpaid claims are estimated using individual case-basis valuations and statistical analysis. These estimates are subject to the effects of trends in claim severity and frequency. Although considerable variability is inherent in such estimates, management believes that the reserves for claims are adequate. The estimates are continually reviewed and adjusted as necessary as experience develops or new information becomes known; such adjustments are included in current operations.

Reinsurance

Reinsurance premiums and benefits paid or provided are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts.

Securities Lending

At December 31, 2016, the Company had loaned various debt securities, preferred stocks and common stocks as part of a securities lending program administered by Deutsche Bank, of which the fair value was$129.9 million and $76.6 millionin the general and separate account, respectively. At December 31, 2015, the Company had loaned various debt securities, preferred stocks and common stocks as part of a securities lending program administered by Deutsche Bank, of which the fair value was$143.9 million and $90.9 millionin the general and separate account, respectively. The Company maintains effective control over all loaned securities and, therefore, continues to report such securities as invested assets in the balance sheets.The general account collateral is managed by both an affiliated and unaffiliated agent. The separate account is managed by an unaffiliated agent.

The Company requires at the initial transaction that the fair value of the cash collateral received must be equal to 102% of the fair value of the loaned securities. The Company monitors the ratio of the fair value of the collateral to loaned securities to ensure it does not fall below 100%. If the fair value of the collateral falls below 100% of the fair value of the securities loaned, the Company nonadmits that portion of the loaned security. At December 31, 2016 and 2015, the Company did not nonadmit any portion of the loaned securities.

15

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The Company reports all collateral on the balance sheet with an offsetting liability recognized for the obligation to return the collateral. Collateral for the securities lending program is either managed by an affiliated agent of the Company or is managed by Deutsche Bank, an unaffiliated agent. Collateral managed by an affiliated agent, which approximated$115.1 million and $91.8 million at December 31, 2016 and 2015, respectively, is invested primarily in investment-grade debt securities and cash equivalents and is included in the applicable amount on the balance sheets because the funds are available for the general use of the Company. AtDecember 31, 2016 and 2015, collateral managed by an unaffiliated agent, which approximated$17.6 million and $55.1 millionrespectively, was invested in cash equivalents and was included in securities lending reinvested collateral assets on the balance sheet.

At December 31, 2016, the collateral for all securities on loan could be requested to be returned on demand by the borrower. At December 31, 2016 and 2015, the fair value of the total collateral in the general account was$132.7 million and $146.9 million, respectively. The fair value of the total collateral in the separate account was$78.3 million and $92.8 million at December 31, 2016 and 2015, respectively, which was all managed by an unaffiliated agent.

The aggregate collateral broken out by maturity date is as follows atDecember 31, 2016:

	Amortized Cost		Fair Value
	(In Thousands)
Open	$	—	$	—
30 days or less	124,870		124,870
31 to 60 days	12,734		12,732
61 to 90 days	10,202		10,204
91 to 120 days	500		500
121 to 180 days	20,976		20,961
181 to 365 days	18,389		18,390
1 to 2 years	600		600
2 to 3 years	—		—
Greater than 3 years	22,686		22,686
Total collateral	$	210,957	$	210,943

At December 31, 2016, all of the collateral held for the securities lending program was invested in tradable securities that could be sold and used to pay for the$133.0 million and $78.3 millionin the general and separate accounts, respectively, in collateral calls that could come due under a worst-case scenario where all collateral was called simultaneously.

The Company does not accept collateral that is not permitted by contract or custom to sell or repledge. The Company does not have any securities lending transactions that extend beyond one year from the reporting date.

16

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Separate Account

The Company maintains a separate account, which holds all of the Company’s pension plan assets. The assets of the separate account consist primarily of marketable securities, which are recorded at fair value. These assets are considered legally insulated from the general accounts.

There are no separate account liabilities that are guaranteed by the general account. (See Note 10 for further discussion on the general account’s responsibility as it relates to the obligations of the Company’s pension plan).

The activity within the separate account, including realized and unrealized gains or losses on its investments, has no effect on net income or capital and surplus of the Company. The Company’s statements of operations reflect annuity payments to pension plan participants and other expenses of the separate account, as well as the reimbursement of such expenses from the separate account.

Federal Income Taxes

The Company files a consolidated income tax return with its eligible subsidiaries and affiliates. The provision for federal income taxes is allocated to the individual companies using a separate return method based upon a written tax-sharing agreement. Under the agreement, the benefits from losses of subsidiaries and affiliates are retained by the subsidiary and affiliated companies. The Company pays all federal income taxes due for all members of the group. The Company then immediately charges or reimburses, as the case may be, the members of the group an amount consistent with the method described in the tax-sharing agreement.

The Company includes interest and penalties in the federal income tax line on the statements of operations.

Postretirement Benefits Other Than Pensions

The Company accounts for its postretirement benefits other than pensions on an accrual basis. The postretirement benefit obligation for current retirees and fully eligible employees is measured by estimating the actuarial present value of benefits expected to be received at retirement using explicit assumptions.

Actuarial and investment gains and losses arising from differences between assumptions and actual experience upon subsequent remeasurement of the obligation may be recognized as a component of the net periodic benefit cost in the current period or amortized. The net gain or loss will be included as a component of net postretirement benefit cost for a year if, as of the beginning of the year, the unrecognized net gain or loss exceeds 10% of the postretirement benefit obligation. That gain or loss, if not recognized immediately, will be amortized over the average life expectancy of the employer’s fully vested and retiree group.

Accounting Changes

During 2016, the Company determined that its reserves related to certain classes of traditional life policies were understated due to an error in the calculation of premium mode factors. This resulted in a change of the aggregate reserve for traditional contracts that is required to be recorded directly to surplus rather than as a part of the reserve change recognized in the statements of operations. As a result, effective January 1, 2016, the Company has recorded a $4.7 million decrease directly to surplus through the correction of traditional life reserves line on the statements of changes in capital and surplus.

17

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Effective January 1, 2015, the Company updated its valuation methodology on certain critical illness and accident and health reserves.  This resulted in a change of statutory reserve valuation that is required to be recorded directly to surplus rather than as a part of the reserve change recognized in the statements of operations.  The Company recorded a $0.6 million decrease directly to surplus as a result of the change in valuation bases through the change in reserve on account of change in valuation basis line on the statements of changes in capital and surplus.

During 2015, the Company determined that its critical illness reserves were understated due to an error in the calculation of ceded reserves. This resulted in a change of the statutory aggregate reserve for accident and health contracts that is required to be recorded directly to surplus rather than as a part of the reserve change recognized in the statements of operations. As a result, effective January 1, 2015, the Company recorded a $7.5 million decrease directly to surplus as a result of the change in ceded reserves through the correction of critical illness ceded reserve line on the statements of changes in capital and surplus.

Reclassifications

Certain prior year amounts in the Company’s statutory-basis financial statements have been reclassified to conform to the current year financial statement presentation.

Subsequent Events

The Company recognizes in the financial statements the effects of all subsequent events that provide additional evidence about conditions that existed at the balance sheet date. For nonrecognized subsequent events that must be disclosed to keep the financial statements from being misleading, the Company is required to disclose the nature of the event as well as an estimate of its financial effect, or a statement that such an estimate cannot be made. Management has evaluated subsequent events through the issuance of these financial statements on April 28, 2017.

18

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

2. Investments

The book/adjusted carrying value and fair value of the Company’s investments in debt securities are summarized as follows:

	Book/ Adjusted Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In Thousands)
At December 31, 2016:
U.S. Treasury securities and obligations of U.S. government corporation and agencies	$	35,039	$	1,527	$	(12	)	$	36,554
Debt securities issued by states of the U.S. and political subdivisions of the states	36,859		1,904		(133		)	38,630
Corporate securities	2,655,818		320,135		(16,852		)	2,959,101
Commercial mortgage-backed securities	67,731		1,693		(73		)	69,351
Residential mortgage-backed securities	325,418		14,697		(2,763		)	337,352
Asset-backed securities	311,381		9,963		(1,490		)	319,854
Total	$	3,432,246	$	349,919	$	(21,323	)	$	3,760,842
At December 31, 2015:
U.S. Treasury securities and obligations of U.S. government corporation and agencies	$	83,495	$	2,022	$	(217	)	$	85,300
Debt securities issued by states of the U.S. and political subdivisions of the states	35,963		2,025		(96		)	37,892
Corporate securities	2,624,255		276,677		(78,455		)	2,822,477
Commercial mortgage-backed securities	73,839		2,030		(360		)	75,509
Residential mortgage-backed securities	417,562		19,207		(2,066		)	434,703
Asset-backed securities	332,020		6,717		(2,961		)	335,776
Total	$	3,567,134	$	308,678	$	(84,155	)	$	3,791,657

At December 31, 2016 and 2015, the Company held unrated or below-investment-grade corporate debt securities with a book/adjusted carrying value of$254.2 million and $248.5 million, respectively, and an aggregate fair value of$261.3 million and $232.8 million, respectively. As of December 31, 2016 and 2015, such holdings amounted to 7.4% and 7.0%, respectively, of the Company’s investments in debt securities and2.5% and 2.5%, respectively, of the Company’s total admitted assets. The Company performs periodic evaluations of the relative credit standing of the issuers of these debt securities. The Company considers these evaluations in its overall investment strategy.

19

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Unrealized gains and losses on investments in unaffiliated common stocks, mutual fundsand common stocks of subsidiariesare reported directly in capital and surplus and do not affect net income. The unrealized gains and unrealized losses on, and the cost and fair value of those investments and preferred stocks are as follows:

	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In Thousands)
At December 31, 2016:
Preferred stocks	$	36,168	$	4,708	$	(211	)	$	40,665
Common stocks, unaffiliated	$	922,506	$	300,373	$	(10,463	)	$	1,212,416
Common stocks, mutual funds	75,930		2,671		(1,402		)	77,199
Common stocks, subsidiaries	1,649,559		541,653		—			2,191,212
	$	2,647,995	$	844,697	$	(11,865	)	$	3,480,827

	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In Thousands)
At December 31, 2015:
Preferred stocks	$	38,404	$	5,497	$	(152	)	$	43,749
Common stocks, unaffiliated	$	943,952	$	270,424	$	(73,357	)	$	1,141,019
Common stocks, mutual funds	73,798		210		(3,106		)	70,902
Common stocks, subsidiaries	1,574,558		372,172		—			1,946,730
	$	2,592,308	$	642,806	$	(76,463	)	$	3,158,651

20

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The following table shows unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position.

	Unrealized Losses Less Than 12 Months					Unrealized Losses Greater Than or Equal to 12 Months
	Unrealized Losses			Fair Value		Unrealized Losses			Fair Value
	(In Thousands)
At December 31, 2016:
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	(11	)	$	1,428	$	(1	)	$	525
Debt securities issued by states of the U.S. and political subdivisions of the states	(133		)	3,803		—			—
Corporate securities	(12,225		)	329,179		(4,627		)	92,719
Commercial mortgage-backed securities(1)	(73		)	6,017		—			—
Residential mortgage-backed securities(1)	(1,407		)	81,227		(1,356		)	35,139
Asset-backed securities(1)	(1,031		)	73,908		(459		)	74,060
Total	$	(14,880	)	$	495,562	$	(6,443	)	$	202,443
Preferred stocks	$	(211	)	$	3,552	$	—		$	—
Common stocks, unaffiliated	$	(10,436	)	$	202,794	$	(27	)	$	202
Common stocks, mutual funds	(1,238		)	20,368		(164		)	2,233
Total	$	(11,674	)	$	223,162	$	(191	)	$	2,435

⁽¹⁾Amounts relate to securities subject to SSAP 43R.

21

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

	Unrealized Losses Less Than 12 Months					Unrealized Losses Greater Than or Equal to 12 Months
	Unrealized Losses			Fair Value		Unrealized Losses			Fair Value
	(In Thousands)
At December 31, 2015:
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	(206	)	$	59,578	$	(11	)	$	499
Debt securities issued by states of the U.S. and political subdivisions of the states	(96		)	7,441		—			—
Corporate securities	(76,471		)	639,030		(1,984		)	6,892
Commercial mortgage-backed securities(1)	(360		)	17,203		—			—
Residential mortgage-backed securities(1)	(847		)	79,604		(1,219		)	43,404
Asset-backed securities(1)	(2,502		)	194,567		(459		)	31,545
Total	$	(80,482	)	$	997,423	$	(3,673	)	$	82,340
Preferred stocks	$	(152	)	$	916	$	—		$	—
Common stocks, unaffiliated	$	(63,577	)	$	295,777	$	(9,780	)	$	23,710
Common stocks, mutual funds	(2,786		)	59,222		(320		)	2,157
Total	$	(66,363	)	$	354,999	$	(10,100	)	$	25,867

⁽¹⁾Amounts relate to securities subject to SSAP 43R.

Investments that are impaired atDecember 31, 2016 and 2015, for which other-than-temporary impairments have not been recognized, consist mainly of corporate debt securities, asset-backed securities, residential mortgage-backed securitiesand unaffiliated common stocks.

The aggregated unrealized loss is approximately 3.5% and 10.0% of the carrying value of securities considered temporarily impaired at December 31, 2016 and 2015, respectively. At December 31, 2016, there were a total of 250 securities held that are considered temporarily impaired, 39 of which have been impaired for 12 months or longer. At December 31, 2015, there were a total of 429 securities held that were considered temporarily impaired, 32 of which had been impaired for 12 months or longer. The Company recorded other-than-temporary impairments on securities of $21.5 million, $24.8 million and $7.8 million for the years ended December 31, 2016, 2015 and 2014, respectively.

22

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The following is a list of each loan-backed security held atDecember 31, 2016, with a recognized other-than-temporary impairment (OTTI) for the year endedDecember 31, 2016, where the present value of future cash flows expected to be collected was less than the amortized cost basis of the securities:

CUSIP	Book/Adj Carrying Value Amortized Cost Before Current Period OTTI		Present Value of Future Cash Flows		Recognized Other- Than- Temporary Impairment		Amortized Cost After Other-Than-Temporary Impairment		Fair Value		Date of Other-Than-Temporary Impairment
(In Thousands)
For the year ended, December 31, 2016:
46628S-AH-6	$	1,973	$	1,946	$	27	$	1,946	$	1,895	06/30/2016
46628S-AJ-2	1,119		1,106		13		1,106		1,045		06/30/2016
86359D-SR-9	380		380		—		380		349		06/30/2016
45660L-2V-0	2,297		2,287		10		2,287		2,176		09/30/2016
32051G-RW-7	1,737		1,713		24		1,713		1,678		12/31/2016
60467M-AB-7	2,175		1,903		272		1,903		1,903		12/31/2016
60467M-AC-5	22,514		19,160		3,354		19,160		19,160		12/31/2016
75952A-AF-4	713		524		189		524		524		12/31/2016
Total	XXX		XXX		$	3,889	XXX		XXX

The Company had no OTTI on loan-backed securities for the year endedDecember 31, 2016, due to the intent to sell the security or the inability or lack of intent to retain the investment in the security for a period of time sufficient to recover the amortized cost basis of the security.

A summary of the cost or amortized cost and fair value of the Company’s debt securities atDecember 31, 2016, by contractual maturity, is as follows:

	Book/Adjusted Carrying Value		Fair Value
	(In Thousands)
Years to maturity:
One or less	$	122,564	$	124,024
After one through five	422,123		442,721
After five through ten	447,118		483,945
After ten	1,735,911		1,983,595
Mortgage-backed securities/asset-backed securities	704,530		726,557
Total	$	3,432,246	$	3,760,842

23

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The expected maturities may differ fromcontractual maturities in the foregoing table because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties and because asset-backed and mortgage-backed securities (including floating-rate securities) provide for periodic payments throughout their lives.

Proceeds from sales of investments in debt securities during 2016, 2015 and 2014 were $322.4 million, $354.6 million, and $415.0 million; gross gains of $10.3 million, $14.4 million, and $12.3 million and gross losses of $2.1 million, $2.3 million, and $3.5 million were realized on these sales in 2016, 2015 and 2014, respectively.

Proceeds from the sales of investments in equity securities during 2016, 2015 and 2014 were $518.2 million, $692.5 million, and $654.0 million; gross gains of $107.4 million, $200.2 million, and $184.8 million and gross losses of $34.8 million, $67.9 million, and $5.7 million were realized on these sales in 2016, 2015 and 2014, respectively.

Realized capital gains (losses) are reported net of federal income taxes and amounts transferred to the IMR as follows for the years ended December 31:

	2016		2015		2014
	(In Thousands)
Realized capital gains (losses)	$	28,756	$	68,993	$	188,626
Less amount transferred to IMR (net of related taxes (benefits) of $4,493 in 2016, $7,171 in 2015, and ($41) in 2014)	8,344		13,318		(77		)
Less federal income tax expense (benefit) of realized capital gains (losses)	18,724		39,714		66,676
Net realized capital gains (losses)	$	1,688	$	15,961	$	122,027

Net investment income was generated from the following for the years ended December 31:

	2016		2015		2014
	(In Thousands)
Debt securities	$	186,531	$	181,382	$	172,385
Equity securities	42,688		251,800		402,266
Mortgage loans	3,973		2,368		1,091
Real estate	13,401		13,414		13,467
Policy loans	12,206		11,969		12,355
Cash, cash equivalents and short-term investments	631		552		432
Other invested assets	80,561		101,096		100,852
Other	1,227		1,471		1,077
Gross investment income	341,218		564,052		703,925
Investment expenses	19,053		18,728		18,364
Net investment income	$	322,165	$	545,324	$	685,561

24

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The Company’s investments in mortgage loans principally involve commercial real estate. At December 31, 2016, 92.4% of such mortgages, or $53.3 million, involved properties located in Arizona, Missouri, and South Carolina. Such investments consist of primarily first-mortgage liens on completed income-producing properties. The aggregate mortgage outstanding to any one borrower does not exceed $21.0 million. During 2016, the respective minimum and maximum lending rates for mortgage loans issued were 3.90% and 3.90%. At the issuance of a loan, the percentage of any one loan to value of security, exclusive of insured, guaranteed or purchase money mortgage did not exceed 80.0%. During 2016, the Company did not reduce interest rates on any outstanding mortgages.

Derivative Instruments

The Company entered into interest rate swaps and swaptions in an effort to mitigate the risk of rising interest rates on long maturity bonds. In 2015, the Company discontinued the use of swaptions and, in 2016, the Company discontinued the use of interest rate swaps for hedging interest rates.The interest rate swaps were forward starting and allowed the Company to pay a fixed interest rate in exchange for receipt of a floating interest rate with the counterparty on specified terms. The swaptions provided the Company an option to enter into an interest rate swap to pay floating rate in exchange for receipt of a fixed rate with the counterparty on specified terms. The swaps and swaptions utilized in these transactions were considered derivative instruments and not designated as a hedge for accounting purposes. These instruments were carried at fair value on the balance sheet with changes in fair value recorded in surplus. If the instruments were terminated prior to maturity, proceeds were exchanged equal to the fair value of the contract and a realized gain or loss would have been recognized. There was no limit on maximum exposure at year end December 31, 2015. The net fair value was $(1.0) million for the year ended December 31, 2015. The change in fair value was $1.0 million, $47.5 million, and $(77.4) million for the years ended December 31, 2016, 2015, and 2014, respectively.

In 2016, to coincide with the discontinuance of interest rate swaps, the Company discontinued the use of its collateral agreement with the counterparty whereby under certain conditions the counterparty was required to post assets on the Company’s behalf. The posted amount was equal to the difference between the net positive fair value of the swap and the agreed upon thresholds that were based on the credit rating of the counterparty. Inversely, if the net fair value of the swap was negative, then the Company may have been required to post assets using similar thresholds. At December 31, 2015, $15.9 million of cash and security collateral had been posted by the Company.

25

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Information related to the Company’s derivative instruments as described above and the effects of offsetting on the balance sheet consisted of the following for the years ended December 31:

	2016		2015
	(In Thousands)
Derivative assets:
Gross amount of recognized assets	$	—	$	153
Gross amounts offset	—		—
Net amount of assets	$	—	$	153
Derivative liabilities:
Gross amount of recognized liabilities	$	—	$	(1,174	)
Gross amounts offset	—		—
Net amount of liabilities	$	—	$	(1,174	)

3. Fair Values of Financial Instruments

Included in various investment-related line items in the financial statements are certain financial instruments carried at fair value. Other financial instruments are periodically measured at fair value such as when impaired or, for certain bonds and preferred stocks, when carried at the lower of cost or market.

The Company uses fair value measurements to record the fair value of certain assets and liabilities and to estimate the fair value of financial instruments not recorded at fair value but required to be disclosed at fair value. Certain financial instruments, particularly policyholder liabilities other than investment-type contracts, are excluded from this fair value discussion.

Fair value is defined as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. The Company’s financial assets and liabilities carried at fair value have been classified, for disclosure purposes, based on the following hierarchy that prioritizes inputs to valuation techniques used to measure fair value into three levels. The Company’s policy is to recognize transfers in and transfers out of levels at the beginning of the quarterly reporting period.

• Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. The Company’s Level 1 assets and liabilities primarily include exchange-traded equity securitiesand mutual funds, including those which are part of the Company’s separate account assets.

• Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. The Company’s Level 2 assets and liabilities primarily include debt securities within the Company’s separate account for which public quotations are not available, but that are priced by third-party pricing services or internal models using observable inputs. Also included in Level 2 assets and liabilities are NAIC 6 rated industrial and miscellaneous bonds, interest rate swaps, and call options. The fair value of these instruments is determined through the use of third-party pricing services or models utilizing market observable inputs. The derivative positions were closed during 2016.

26

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

• Level 3 - Significant unobservable inputs for the asset or liability. The Company’s Level 3 assets and liabilities primarily include certain debt securities and private equity securities within the Company’s separate account that must be priced using non-binding broker quotes or other valuation techniques that utilize significant unobservable inputs.

Fair value estimates are made at a specific point in time, based on available market information and judgments about the financial instrument, including discount rates, estimates of timing, amount of expected future cash flows and the credit standing of the issuer. Such estimates do not consider the tax impact of the realization of unrealized gains or losses.

For Level 3 investments, the fair value estimates cannot be substantiated by comparison to independent markets. In addition, the disclosed fair value may not be realized in the immediate settlement of the financial instrument.

As described below, certain fair values are determined through the use of third-party pricing services. Management does not adjust prices received from third parties; however, the Company does analyze the third-party pricing services’ valuation methodologies and related inputs and performs additional evaluation to determine the appropriate level within the fair value hierarchy. The Company performs annual due diligence of third-party pricing services, which includes assessing the vendor’s valuation qualifications, control environment, analysis of asset class-specific valuation methodologies and understanding of market observable assumptions and unobservable assumptions, if any, employed in the valuation methodology. Care should be exercised in deriving conclusions about the Company’s business, its value or financial position based on the fair value information of financial instruments presented below. The following discussion describes the valuation methodologies utilized by the Company for assets and liabilities measured or disclosed at fair value.

Debt Securities

The fair values of debt securities and asset/mortgage-backed securities have been determined through the use of third-party pricing services utilizing market observable inputs. Private placement securities trading in less liquid or illiquid markets with limited or no pricing information are valued using either broker quotes or by discounting the expected cash flows using current market-consistent rates applicable to the yield, credit quality and maturity of each security.

Equity Securities

The fair values of actively traded equity securities have been determined utilizing publicly quoted prices obtained from third-party pricing services. The fair values of certain equity securities for which no publicly quoted prices are available have been determined through the use of third-party pricing services utilizing market observable inputs. Actively traded mutual funds are valued using the net asset values of the funds.

Mortgage Loans

The fair values for mortgage loans, consisting principally of commercial real estate loans, are estimated using discounted cash flow analyses, using interest rates currently being offered for similar loans collateralized by properties with similar investment risk. The fair values for mortgage loans in default are established at the lower of the fair value of the underlying collateral less costs to sell or the carrying amount of the loan.

27

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Cash, Cash Equivalents and Short-Term Investments

The fair values of cash, cash equivalents and short-term investments are based on quoted market prices or stated amounts.

Derivative Instruments

The fair values of free-standing derivative instruments, primarily interest rate swaps, are determined through the use of third-party pricing services or models utilizing market observable inputs. The derivative positions were closed in 2016.

Securities Lending Reinvested Collateral Assets

The fair values of securities lending reinvested collateral assets are determined through the use of third-party sources utilizing publicly quoted prices.

Other Invested Assets

Other invested assets primarily include surplus debentures for which fair values have been determined through the use of third-party pricing services utilizing market observable inputs.

Assets Held in Separate Accounts

Assets held in separate accounts include debt securities, equity securities, mutual funds, private equity, and private debt fund investments. The fair values of debt securities, equity securities and mutual funds have been determined using the same methodologies as similar assets held in the general account. The fair values of private equity and private debt fund investments have been determined utilizing the net asset values of the funds.

Life and Annuity Reserves for Investment-Type Contracts and Deposit Fund Liabilities

The fair value of liabilities for investment-type contracts is based on the present value of estimated liability cash flows, which are discounted using rates that incorporate risk-free rates and margins for the Company’s own credit spread and the riskiness of cash flows. Key assumptions to the cash flow model include the timing of policyholder withdrawals and the level of interest credited to contract balances. Fair values for insurance reserves are not required to be disclosed. However, the estimated fair values of all insurance reserves and investment contracts are taken into consideration in the Company’s overall management of interest rate risk.

Securities Lending Liability

The liability represents the Company’s obligation to return collateral related to securities lending transactions. The liability is short-term in nature and therefore, the fair value of the obligation approximates the carrying amount.

28

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Assets and liabilities measured at fair value on a recurring basis are outlined below:

	Assets/ (Liabilities) Measured at			Fair Value Hierarchy Level
	Fair Value			Level 1		Level 2			Level 3
	(In Thousands)
At December 31, 2016
Assets:
Bonds, industrial & misc.	$	4,012		$	—	$	4,012		$	—
Common stocks, unaffiliated	1,212,416			1,212,416		—			—
Common stocks, mutual funds	77,199			77,199		—			—
Separate account assets	994,109			657,881		259,445			76,783
Total assets	$	2,287,736		$	1,947,496	$	263,457		$	76,783
At December 31, 2015
Assets:
Bonds, industrial & misc.	$	2,691		$	—	$	2,691		$	—
Common stocks, unaffiliated	1,141,019			1,141,019		—			—
Common stocks, mutual funds	70,902			70,902		—			—
Derivative assets	153			—		153			—
Separate account assets	982,729			658,971		252,525			71,233
Total assets	$	2,197,494		$	1,870,892	$	255,369		$	71,233
Liabilities:
Derivative liabilities	$	(1,174	)	$	—	$	(1,174	)	$	—

There were no transfers between Level 1 and Level 2 of the fair value hierarchy.

The reconciliation for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year endedDecember 31, 2016 are as follows:

	Beginning Asset/ (Liability) as of		Total Realized/Unrealized Gains (Losses) Included in*:						Purchases, Sales, Issuances and Settlements		Transfers Into Level 3		Transfers Out of Level 3		Ending Asset/ (Liability) as of
	January 1, 2016		Net Income		Surplus		Other								December 31, 2016
	(In Thousands)
Assets:
Separate account assets	$	71,233	$	—	$	—	$	4,275	$	1,275	$	—	$	—	$	76,783

* Gains and losses for assets held in separate accounts do not impact net income or surplus as the change in value of assets held in separate accounts is offset by a change in value of liabilities related to separate accounts.

29

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The gross purchases, issuances, sales and settlements included in the reconciliation for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year endedDecember 31, 2016, are as follows:

	Purchases		Issuances		Sales		Settlements			Net Purchases, Issuances, Sales and Settlements
	(In Thousands)
Separate account assets	$	9,030	$	—	$	—	$	(7,755	)	$	1,275

The reconciliation for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year endedDecember 31, 2015, is as follows:

	Beginning Asset/ (Liability) as of		Total Realized/Unrealized Gains (Losses) Included in*:						Purchases, Sales, Issuances and Settlements			Transfers Into Level 3		Transfers Out of Level 3		Ending Asset/ (Liability) as of
	January 1, 2015		Net Income		Surplus		Other									December 31, 2015
	(In Thousands)
Assets:
Separate account assets	$	74,892	$	—	$	—	$	5,621	$	(9,280	)	$	—	$	—	$	71,233

* Gains and losses for assets held in separate accounts do not impact net income or surplus as the change in value of assets held in separate accounts is offset by a change in value of liabilities related to separate accounts.

The gross purchases, issuances, sales and settlements included in the reconciliation for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year endedDecember 31, 2015, are as follows:

	Purchases		Issuances		Sales		Settlements			Net Purchases, Issuances, Sales and Settlements
	(In Thousands)
Separate account assets	$	7,977	$	—	$	—	$	(17,257	)	$	(9,280	)

The Company did not have any significant assets or liabilities measured at fair value on a nonrecurring basis as ofDecember 31, 2016 and 2015.

30

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The carrying amounts and fair values of the Company’s significant financial instruments follow:

	December 31, 2016
	Carrying Amount			Fair Value			(Level 1)		(Level 2)			(Level 3)
	(In Thousands)
Assets:
Bonds	$	3,432,246		$	3,760,842		$	15,640	$	3,724,838		$	20,364
Common stock:
Unaffiliated	1,212,416			1,212,416			1,212,416		—			—
Mutual funds	77,199			77,199			77,199		—			—
Preferred stock	36,168			40,665			—		28,628			12,037
Mortgage loans	57,655			57,301			—		—			57,301
Cash, cash equivalents and short-term investments	148,695			148,695			148,695		—			—
Other invested assets, surplus notes	36,083			40,889			—		40,889			—
Securities lending reinvested collateral assets	17,592			17,592			17,592		—			—
Separate account assets	994,109			994,109			657,881		259,445			76,783
Liabilities:
Life and annuity reserves for investment-type contracts and deposit fund liabilities	$	(5,185	)	$	(5,488	)	$	—	$	—		$	(5,488	)
Securities lending liability	(132,988		)	(132,988		)	—		(132,988		)	—

	December 31, 2015
	Carrying Amount			Fair Value			(Level 1)		(Level 2)			(Level 3)
	(In Thousands)
Assets:
Bonds	$	3,567,134		$	3,791,657		$	69,443	$	3,701,361		$	20,853
Common stock:
Unaffiliated	1,141,019			1,141,019			1,141,019		—			—
Mutual funds	70,902			70,902			70,902		—			—
Preferred stock	38,404			43,749			—		34,249			9,500
Mortgage loans	41,006			41,907			—		—			41,907
Cash, cash equivalents and short-term investments	151,050			151,050			151,050		—			—
Other invested assets, surplus notes	36,109			39,264			—		39,264			—
Securities lending reinvested collateral assets	55,101			55,101			55,101		—			—
Derivative assets	153			153			—		153			—
Separate account assets	982,729			982,729			658,971		252,525			71,233
Liabilities:
Life and annuity reserves for investment-type contracts and deposit fund liabilities	$	(5,395	)	$	(5,791	)	$	—	$	—		$	(5,791	)
Derivative liabilities	(1,174		)	(1,174		)	—		(1,174		)	—
Securities lending liability	(147,360		)	(147,360		)	—		(147,360		)	—

31

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

4. Related-Party Transactions

The Company owns a 100% interest in WSLAC, whose carrying value is $1.1 billion at December 31, 2016. The Company carries WSLAC at its underlying statutory equity, which exceeds 10% of the admitted assets of the Company. The accounting policies of WSLAC are the same as those of the Company described in Note 1. The summary financial data for WSLAC is as follows:

WSLAC Balance Sheets (Statutory-Basis)

	December 31
	2016		2015
	(In Thousands)
Admitted assets
Cash and invested assets:
Debt securities	$	10,087,795	$	10,217,366
Preferred and common stocks	266,127		277,035
Investment in common stock of subsidiaries	1,217		1,145
Mortgage loans	821,278		788,310
Policy loans	35,470		37,729
Cash, cash equivalents and short-term investments	94,176		109,739
Receivable for securities	3,581		15,694
Derivatives	472		1,607
Receivable for collateral on derivatives	—		7,660
Securities lending reinvested collateral assets	115		55,328
Other invested assets	236,263		223,080
Total cash and invested assets	11,546,494		11,734,693
Investment income due and accrued	90,727		95,602
Premiums deferred and uncollected	22,079		21,231
Current federal income taxes recoverable from parent	—		15,251
Net deferred income tax asset	29,837		24,082
Funds withheld under coinsurance agreement	624,512		625,435
Other admitted assets	13,497		11,444
Separate account assets	22,911		25,637
Total admitted assets	$	12,350,057	$	12,553,375

32

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

WSLAC Balance Sheets (Statutory-Basis)

	December 31
	2016			2015
	(In Thousands)
Liabilities and capital and surplus
Liabilities:
Policy and contract liabilities:
Life and annuity reserves	$	9,308,514		$	9,565,248
Liability for deposit-type contracts	1,461,456			1,413,140
Policy and contract claims	26,091			24,766
Premiums received in advance	374			604
Total policy and contract liabilities	10,796,435			11,003,758
General expense due and accrued	755			1,250
Current federal income taxes payable to parent	647			—
Transfer to (from) separate accounts due and accrued, net	(177		)	(492		)
Asset valuation reserve	148,102			149,421
Interest maintenance reserve				—
Other liabilities	50,221			31,144
Derivatives	—			7,159
Payable for securities lending	238,325			340,262
Separate account liabilities	22,911			25,637
Total liabilities	11,257,219			11,558,139
Capital and surplus:
Common stock, $1 par value, authorized 10,000 shares, issued and outstanding 2,500 shares	2,500			2,500
Paid-in surplus	791,308			791,308
Accumulated surplus	299,030			201,428
Total capital and surplus	1,092,838			995,236
Total liabilities and capital and surplus	$	12,350,057		$	12,553,375

33

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

WSLAC Statements of Operations (Statutory-Basis)

	Year Ended December 31
	2016			2015			2014
	(In Thousands)
Premiums and other revenues:
Premiums and annuity considerations	$	612,121		$	578,632		$	801,533
Net investment income	480,104			514,845			540,884
Considerations for supplementary contracts with life contingencies	2,719			4,747			2,857
Amortization of the interest maintenance reserve	(586		)	3,965			7,465
Fees from management of separate accounts	279			343			405
Other revenues	28,964			32,715			34,932
Total premiums and other revenues	1,123,601			1,135,247			1,388,076
Benefits paid or provided:
Death benefits	206,855			193,064			180,129
Annuity benefits	264,311			271,448			258,373
Disability and accident and health benefits	2,564			2,627			2,744
Surrender benefits	601,651			657,761			649,134
Payments on supplementary contracts with life contingencies	3,328			3,298			3,150
Other benefits	1,992			1,816			1,650
Increase (decrease) in policy reserves and other policyholders’ funds	(224,695		)	(275,351		)	(64,126		)
Total benefits paid or provided	856,006			854,663			1,031,054
Insurance expenses and other deductions:
Commissions	33,187			29,449			41,666
Commission and expense allowance on reinsurance assumed	2,251			2,425			2,962
General expenses	98,339			102,471			107,469
Net transfers to (from) separate accounts	(3,605		)	(5,940		)	(6,092		)
Other deductions	3,792			4,398			3,340
Total insurance expenses and other deductions	133,964			132,803			149,345
Gain (loss) from operations before federal income tax expense and net realized capital gains (losses)	133,631			147,781			207,677
Federal income tax expense (benefit), excluding tax on capital gains	46,082			56,608			62,243
Gain (loss) from operations before net realized capital gains (losses)	87,549			91,173			145,434
Net realized capital gains (losses) (excluding gains (losses) transferred to IMR and capital gains tax)	(32,327		)	(23,204		)	34,147
Net income (loss)	$	55,222		$	67,969		$	179,581

34

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The Company has an equity interest in certain partnerships that made payments of principal and interest under mortgage financing arrangements to WSLAC in the amount of $1.0 million, $1.1 million, and $37.9 million in 2016, 2015 and 2014, respectively.The principal balance of the mortgage financing arrangements with WSLAC was $12.4 million and $12.6 million at December 31, 2016 and 2015, respectively.

At December 31, 2016 and 2015, the Company had $65.5 million and $60.7 million, respectively, invested, in the Touchstone Funds, which are mutual funds administered by Touchstone Advisors, Inc., an indirect subsidiary of the Company.

The Company paid a $30.0 million capital contribution to Columbus Life in December 2016. The contribution was in the form of cash.

The Company paid a $45.0 million capital contribution to Integrity in December 2016. The contribution was in the form of cash.

The Company paid a $40.0 millionordinary dividend to WSFG in December 2015. The dividend was in the form of cash.

The Company received a $179.0 million ordinary dividend from WSLAC in December 2015. The dividend consisted of$79.9 million in cash and $99.1 million in bonds at fair value.

The Company received a $25.0 million ordinary dividend from Integrity in December 2015. The dividend was in the form of cash.

The Company paid a $50.0 million capital contribution to Columbus Life in December 2015. The contribution was in the form of cash.

The Company received a $117.7 million ordinary dividend and a $132.3 million extraordinary dividend from WSLAC in December 2014. The dividends consisted of $65.9 million in cash and $184.1 million in bonds at fair value.

The Company paid a $100.0 million ordinary dividend to WSFG in December 2014. The dividend was in the form of cash.

The Company received a $66.8 million ordinary dividend and a $33.2 million extraordinary dividend from Integrity in December 2014. The dividends consisted of $75.0 million in cash and $25.0 million in bonds at fair value.

The Company had $24.9 million and $26.0 millionreceivable from parent, subsidiaries and affiliates as ofDecember 31, 2016 and 2015, respectively. The Company did not have any amounts payable to parent, subsidiaries and affiliates as ofDecember 31, 2016 or 2015. The terms of the settlement generally require that these amounts be settled in cash within 30 days.

The Company has entered into multiple reinsurance agreements with affiliated entities. See Note 5 for further description.

35

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

5. Reinsurance

Certain premiums and benefits are assumed from and ceded to other insurance companies under various reinsurance agreements. The ceded reinsurance agreements provide the Company with increased capacity to write larger risks and maintain its exposure to loss within its capital resources.

The Company has a modified coinsurance agreement with Integrity, whereby the Company assumes structured settlements, guaranteed rate option annuities, and accumulation products written before July 1, 2002. Under the terms of the agreement, Integrity retains the reserves and the related assets of this business.

The Company has a ceded reinsurance agreement with Columbus Life. Under the reinsurance agreement, Columbus Life reinsures the former liabilities of Columbus Mutual, a former affiliate, which was merged into the Company. Life and accident and health reserves ceded from the Company to Columbus Life totaled $552.3 million and $573.0 million at December 31, 2016 and 2015, respectively.

In 2006, the Company entered into a yearly renewable term reinsurance agreement with Lafayette Life, an affiliated entity, whereby the Company provides reinsurance coverage on certain life products and associated riders as this coverage is recaptured by Lafayette Life from unaffiliated reinsurers. Life reserves ceded from Lafayette Life to the Company under this agreement totaled $1.1 million and $1.1 million at December 31, 2016 and 2015, respectively.

Certain premiums and benefits are ceded to other unaffiliated insurance companies under various reinsurance agreements. The majority of the ceded business is due to ceding substandard business to reinsurers (facultative basis).

The effects of reinsurance on premiums, annuity considerations and deposit-type funds are as follows for the years ended December 31:

	2016			2015			2014
	(In Thousands)
Direct premiums	$	257,690		$	259,270		$	265,825
Assumed premiums:
Affiliates	2,548			3,077			2,985
Nonaffiliates	—			—			—
Ceded premiums:
Affiliates	—			—			—
Nonaffiliates	(6,496		)	(6,150		)	(5,598		)
Net premiums	$	253,742		$	256,197		$	263,212

36

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The Company’s ceded reinsurance arrangements reduced certain other items in the accompanying financial statements by the following amounts as of and for the years ended December 31:

	2016		2015		2014
	(In Thousands)
Benefits paid or provided:
Affiliates	$	—	$	—	$	—
Nonaffiliates	3,519		3,355		3,598
Policy and contract liabilities:
Affiliates	524,323		573,039		593,543
Nonaffiliates	49,422		48,428		55,456
Amounts receivable on reinsurance contracts:
Affiliates	—		—		—
Nonaffiliates	511		89		184

In 2016, 2015 and 2014, the Company did not commute any ceded reinsurance nor did it enter into or engage in any agreement that reinsures policies or contracts that were in-force or had existing reserves as of the effective date of such agreements.

At December 31, 2016, the Company has no significant reserves ceded to unauthorized reinsurers. Amounts payable or recoverable for reinsurance on policy and contract liabilities are not subject to periodic or maximum limits. AtDecember 31, 2016, the Company’s reinsurance recoverables are not material and no individual reinsurer owed the Company an amount that was equal to or greater than 3% of the Company’s capital and surplus.

Neither the Company nor any of its related parties, control directly or indirectly, any reinsurers with whom the Company conducts business. No policies issued by the Company have been reinsured with a foreign company, which is controlled, either directly or indirectly, by a party not primarily engaged in the business of insurance. The Company does not have any reinsurance agreements in effect under which the reinsurer may unilaterally cancel the agreement. AtDecember 31, 2016, there are no reinsurance agreements in effect such that the amount of losses paid or accrued exceed the total direct premium collected. The Company remains obligated for amounts ceded in the event that the reinsurers do not meet their obligations.

There would be no reduction in surplus atDecember 31, 2016, if all reinsurance agreements were cancelled.

37

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

6. Federal Income Taxes

The Company and its eligible subsidiaries and affiliates file a consolidated federal income tax return. Amounts due (to)/from the subsidiaries and affiliates for federal income taxes were $13.6 million and $(15.3) million at December 31, 2016 and 2015, respectively. The tax years 2008 through 2016 remain subject to examination by major tax jurisdictions.

The amount of federal income taxes incurred that will be available for recoupment atDecember 31, 2016, in the event of future net losses is$36.8 million, $80.2 million, and $94.5 million from 2016, 2015 and 2014, respectively.

The components of the net deferred tax asset (liability) at December 31 are as follows:

		12/31/2016
		(in thousands)
		(1)		(2)			(3)
							(Col 1+2)
		Ordinary		Capital			Total
(a)	Gross deferred tax assets	$	335,213	$	20,961		$	356,174
(b)	Statutory valuation allowance adjustments	—		—			—
(c)	Adjusted gross deferred tax assets (a - b)	335,213		20,961			356,174
(d)	Deferred tax assets nonadmitted	—		—			—
(e)	Subtotal net admitted deferred tax assets (c - d)	335,213		20,961			356,174
(f)	Deferred tax liabilities	157,838		101,874			259,712
(g)	Net admitted deferred tax asset/(net deferred tax liability) (e - f)	$	177,375	$	(80,913	)	$	96,462

		12/31/2015
		(in thousands)
		(4)		(5)			(6)
							(Col 4+5)
		Ordinary		Capital			Total
(a)	Gross deferred tax assets	$	332,435	$	43,969		$	376,404
(b)	Statutory valuation allowance adjustments	—		—			—
(c)	Adjusted gross deferred tax assets (a - b)	332,435		43,969			376,404
(d)	Deferred tax assets nonadmitted	—		—			—
(e)	Subtotal net admitted deferred tax assets (c - d)	332,435		43,969			376,404
(f)	Deferred tax liabilities	144,198		92,858			237,056
(g)	Net admitted deferred tax asset/(net deferred tax liability) (e - f)	$	188,237	$	(48,889	)	$	139,348

38

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

		Change
		(in thousands)
		(7)			(8)			(9)
								(Col 7+8)
		Ordinary			Capital			Total
(a)	Gross deferred tax assets	$	2,778		$	(23,008	)	$	(20,230	)
(b)	Statutory valuation allowance adjustments	—			—			—
(c)	Adjusted gross deferred tax assets (a - b)	2,778			(23,008		)	(20,230		)
(d)	Deferred tax assets nonadmitted	—			—			—
(e)	Subtotal net admitted deferred tax assets (c - d)	2,778			(23,008		)	(20,230		)
(f)	Deferred tax liabilities	13,640			9,016			22,656
(g)	Net admitted deferred tax asset/(net deferred tax liability) (e - f)	$	(10,862	)	$	(32,024	)	$	(42,886	)

		12/31/2016
		(in thousands)
		(1)		(2)		(3)
						(Col 1+2)
Admission Calculation Components SSAP No. 101		Ordinary		Capital		Total
(a)	Federal income taxes paid in prior years recoverable through loss carrybacks	$	84,065	$	12,397	$	96,462
(b)	Adjusted gross deferred tax assets expected to be realized (excluding the amount of deferred tax assets from (a) above) after application of the threshold limitation (the lesser of (b)1 and (b)2 below)	—		—		—
	1. Adjusted gross deferred tax assets expected to be realized following the balance sheet date.	—		—		—
	2. Adjusted gross deferred tax assets allowed per limitation threshold.	XXX		XXX		707,243
(c)	Adjusted gross deferred tax assets (excluding the amount of deferred tax assets from (a) and (b) above) offset by gross deferred tax liabilities	251,148		8,564		259,712
(d)	Deferred tax assets admitted as the result of application of SSAP No. 101 Total ((a) + (b) + (c))	$	335,213	$	20,961	$	356,174

		12/31/2015
		(in thousands)
		(4)		(5)		(6)
						(Col 4+5)
Admission Calculation Components SSAP No. 101		Ordinary		Capital		Total
(a)	Federal income taxes paid in prior years recoverable through loss carrybacks	$	117,319	$	22,029	$	139,348
(b)	Adjusted gross deferred tax assets expected to be realized (excluding the amount of deferred tax assets from (a) above) after application of the threshold limitation (the lesser of (b)1 and (b)2 below)	—		—		—
	1. Adjusted gross deferred tax assets expected to be realized following the balance sheet date.	—		—		—
	2. Adjusted gross deferred tax assets allowed per limitation threshold.	XXX		XXX		660,697
(c)	Adjusted gross deferred tax assets (excluding the amount of deferred tax assets from (a) and (b) above) offset by gross deferred tax liabilities	215,116		21,940		237,056
(d)	Deferred tax assets admitted as the result of application of SSAP No. 101 Total ((a) + (b) + (c))	$	332,435	$	43,969	$	376,404

39

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

		Change
		(in thousands)
		(7)			(8)			(9)
								(Col 7+8)
Admission Calculation Components SSAP No. 101		Ordinary			Capital			Total
(a)	Federal income taxes paid in prior years recoverable through loss carrybacks	$	(33,254	)	$	(9,632	)	$	(42,886	)
(b)	Adjusted gross deferred tax assets expected to be realized (excluding the amount of deferred tax assets from (a) above) after application of the threshold limitation (the lesser of (b)1 and (b)2 below)	—			—			—
	1. Adjusted gross deferred tax assets expected to be realized following the balance sheet date.	—			—			—
	2. Adjusted gross deferred tax assets allowed per limitation threshold.	XXX			XXX			46,546
(c)	Adjusted gross deferred tax assets (excluding the amount of deferred tax assets from (a) and (b) above) offset by gross deferred tax liabilities	36,032			(13,376		)	22,656
(d)	Deferred tax assets admitted as the result of application of SSAP No. 101 Total ((a) + (b) + (c))	$	2,778		$	(23,008	)	$	(20,230	)

	2016	2015
	(in thousands)
Ratio percentage used to determine recovery period and threshold limitation amount	1,072%	1,054%
Amount of adjusted capital and surplus used to determine recovery period and threshold limitation in (b)2 above	$502,086	$473,775

		12/31/2016
		(1)	(2)
Impact of tax planning strategies		Ordinary	Capital
		(in thousands)
(a)	Adjusted gross DTAs amount	$335,213	$20,961
(b)	Percentage of adjusted gross DTAs by tax character attributable to the impact of tax planning strategies.	3.48%	3.48%
(c)	Net Admitted Adjusted Gross DTAs amount	$335,213	$20,961
(d)	Percentage of net admitted adjusted gross DTAs by tax character attributable to the impact of tax planning strategies.	3.48%	3.48%

		12/31/2015
		(3)	(4)
Impact of tax planning strategies		Ordinary	Capital
		(in thousands)
(a)	Adjusted gross DTAs amount	$332,435	$43,969
(b)	Percentage of adjusted gross DTAs by tax character attributable to the impact of tax planning strategies.	11.86%	5.85%
(c)	Net Admitted Adjusted Gross DTAs amount	$332,435	$43,969
(d)	Percentage of net admitted adjusted gross DTAs by tax character attributable to the impact of tax planning strategies.	11.86%	5.85%

40

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

		Change
		(5)	(6)
Impact of tax planning strategies		Ordinary	Capital
		(in thousands)
(a)	Adjusted gross DTAs amount	$2,778	$(23,008)
(b)	Percentage of adjusted gross DTAs by tax character attributable to the impact of tax planning strategies.	(8.38)%	(2.37)%
(c)	Net Admitted Adjusted Gross DTAs amount	$2,778	$(23,008)
(d)	Percentage of net admitted adjusted gross DTAs by tax character attributable to the impact of tax planning strategies.	(8.38)%	(2.37)%

The Company's tax planning strategies do not include the use of reinsurance.

Current income taxes incurred consist of the following major components:

				12/31/2016		12/31/2015		12/31/2014
				(in thousands)
(1	)	Current income tax
		(a)	Federal	$	4,989	$	28,502	$	35,090
		(b)	Foreign	204		318		488
		(c)	Subtotal	5,193		28,820		35,578
		(d)	Federal income tax on net capital gains	18,724		39,714		66,676
		(e)	Utilization of capital loss carryforwards	—		—		—
		(f)	Other	—		—		—
		(g)	Federal and foreign income taxes incurred	$	23,917	$	68,534	$	102,254

41

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

			(1)		(2)		(3)
							(Col 1-2)
(2)	Deferred tax assets:		12/31/2016		12/31/2015		Change
	(a)	Ordinary	(in thousands)
		(1) Discounting of unpaid losses	$	—	$	—	$	—
		(2) Unearned premium revenue	—		—		—
		(3) Policyholder reserves	76,720		70,625		6,095
		(4) Investments	—		—		—
		(5) Deferred acquisition costs	29,448		30,099		(651		)
		(6) Policyholder dividends accrual	8,675		8,921		(246		)
		(7) Fixed assets	5,595		2,019		3,576
		(8) Compensation and benefits accrual	170,531		179,982		(9,451		)
		(9) Pension accrual	—		—		—
		(10) Receivables - nonadmitted	39,274		34,678		4,596
		(11) Net operating loss carryforward	—		—		—
		(12) Tax credit carryforward	—		—		—
		(13) Other	4,970		6,111		(1,141		)
		(99) Subtotal	335,213		332,435		2,778
	(b)	Statutory valuation allowance adjustment	—		—		—
	(c)	Nonadmitted	—		—		—
	(d)	Admitted ordinary deferred tax assets (2a99 - 2b - 2c)	335,213		332,435		2,778
	(e)	Capital
		(1) Investments	20,961		43,969		(23,008		)
		(2) Net capital loss carryforward	—		—		—
		(3) Real estate	—		—		—
		(4) Other	—		—		—
		(99) Subtotal	20,961		43,969		(23,008		)
	(f)	Statutory valuation allowance adjustment	—		—		—
	(g)	Nonadmitted	—		—		—
	(h)	Admitted capital deferred tax assets (2e99- 2f - 2g)	20,961		43,969		(23,008		)
	(i)	Admitted deferred tax assets (2d + 2h)	$	356,174	$	376,404	$	(20,230	)

42

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

			(1)		(2)		(3)
							(Col 1-2)
			12/31/2016		12/31/2015		Change
(3)	Deferred tax liabilities:		(in thousands)
	(a)	Ordinary
		(1) Investments	$	137,670	$	123,144	$	14,526
		(2) Fixed assets	949		752		197
		(3) Deferred and uncollected premium	16,621		16,898		(277		)
		(4) Policyholder reserves	2,564		3,375		(811		)
		(5) Other	34		29		5
		(99) Subtotal	157,838		144,198		13,640
	(b)	Capital
		(1) Investments	101,874		92,858		9,016
		(2) Real estate	—		—		—
		(3) Other	—		—		—
		(99) Subtotal	101,874		92,858		9,016
	(c)	Deferred tax liabilities (3a99 + 3b99)	259,712		237,056		22,656
(4)	Net deferred tax assets/liabilities (2i - 3c)		$	96,462	$	139,348	$	(42,886	)

Among the more significant book-to-tax adjustments were the following:

	12/31/2016			Effective Tax Rate		12/31/2015			Effective Tax Rate		12/31/2014			Effective Tax Rate
	(in thousands)					(in thousands)					(in thousands)
Provision computed at statutory rate	$	30,050		35.00	%	$	122,467		35.00	%	$	217,574		35.00	%
Dividends received deduction	(5,082		)	(5.92	)	(76,648		)	(21.91	)	(126,628		)	(20.37	)
Tax credits	(2,720		)	(3.17	)	(2,616		)	(0.75	)	(1,821		)	(0.29	)
Other invested assets and nonadmitted change	(9,324		)	(10.86	)	(20,488		)	(5.86	)	(587		)	(0.09	)
Post-retirement benefit plans	—			—		1,405			0.40		7,575			1.22
STAT reserve change	(1,647		)	(1.92	)	(829		)	(0.24	)	—			0.00
Other	(5,154		)	(6.00	)	(5,003		)	(1.41	)	1,236			0.19
Total statutory income taxes	$	6,123		7.13	%	$	18,288		5.23	%	$	97,349		15.66	%
Federal taxes incurred	$	23,917		27.86	%	$	68,534		19.59	%	$	102,254		16.45	%
Change in net deferred income taxes	(17,794		)	(20.73	)	(50,246		)	(14.36	)	(4,905		)	(0.79	)
Total statutory income taxes	$	6,123		7.13	%	$	18,288		5.23	%	$	97,349		15.66	%

At December 31, 2016, the Company had $0.0of net operating loss carryforwards, net capital loss carryforwards and tax credit carry forwards; the company had$0.0of deferred tax liabilities that are not recognized.

43

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

7. Capital and Surplus

The Company is required by statutory regulations to meet minimum risk-based capital standards. Risk-based capital is a method of measuring the minimum amount of capital appropriate for an insurance company to support its overall business operations in consideration of its size and risk profile. At December 31, 2016 and 2015, the Company exceeded the minimum risk-based capital.

Ohio insurance law limits the amount of dividends that can be paid to a parent in a holding company structure without prior approval of the regulators to the greater of 10% of statutory surplus or statutory net income as of the preceding December 31 less any dividends paid in the preceding 12 months, but only to the extent of earned surplus as of the preceding December 31. Based on these limitations, the Company is able to pay dividends of up to $481.6 million by the end of 2017 without seeking prior regulatory approval based on capital and surplus of $4,815.5 million at December 31, 2016.

8. Commitments and Contingencies

The Company is named as a defendant in various legal actions arising principally from claims made under insurance policies and contracts. The Company believes the resolution of these actions will not have a material effect on the Company’s financial position or results of operations.

At December 31, 2016, the Company does not have any material lease agreements as a lessee for office space or equipment.

At December 31, 2016, the Company has future commitments to provide additional capital contributions of$397.7 millionto investments in joint ventures organized as limited partnerships or limited liability companies.

The Company guarantees the payment of all policyholder obligations of each of the following wholly-owned subsidiaries: Columbus Life and Integrity. In addition, the Company guarantees all policyholder obligations of National, a wholly-owned subsidiary of Integrity, and Lafayette Life, an affiliated entity which is wholly-owned by the Company’s parent, WSFG. Guarantees on behalf of wholly-owned subsidiaries or on behalf of related parties that are considered to be unlimited (as in the case of the guarantee on behalf of Lafayette Life) are exempt from the initial liability recognition criteria and therefore no liability has been recognized in the financial statements. Due to the unlimited nature of the guarantees, the Company is unable to estimate the maximum potential amount of future payments under the guarantees. In the unlikely event the guarantees would be triggered, the Company may be permitted to take control of the underlying assets to recover all or a portion of the amounts paid under the guarantees.

44

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

9. Annuity Reserves and Deposit-Type Contract Liabilities

At December 31, 2016, the Company’s general and separate account annuity reserves and deposit-type contract liabilities that are subject to discretionary withdrawal (with adjustment), subject to discretionary withdrawal (without adjustment), and not subject to discretionary withdrawal provisions are summarized as follows:

	General Account		Separate Account With Guarantees		Separate Account Non-guaranteed		Total		Percent
	(In Thousands)
Subject to discretionary withdrawal:
With fair value adjustment	$	—	$	—	$	—	$	—	—	%
At book value less current surrender charge of 5% or more	—		—		—		—		—
At fair value	—		—		—		—		—
Total with adjustment or at market value	—		—		—		—		—
Subject to discretionary withdrawal at book value without adjustment (minimal or no charge or adjustment)	353,075		—		—		353,075		27.6
Not subject to discretionary withdrawal	9,626				914,875		924,501		72.4
Total annuity reserves and deposit-type contract liabilities (before reinsurance)	362,701		—		914,875		1,277,576		100.0	%
Less reinsurance ceded	123,249		—		—		123,249
Net annuity reserves and deposit-type contract liabilities	$	239,452	$	—	$	914,875	$	1,154,327

Interest rate changes may have temporary effects on the sale and profitability of annuity products offered by the Company. Although the rates offered by the Company are adjustable in the long-term, in the short-term they may be subject to contractual and competitive restrictions, which may prevent timely adjustment. The Company’s management constantly monitors interest rates with respect to a spectrum of product durations and sells annuities that permit flexible responses to interest rate changes as part of the Company’s management of interest spreads. However, adverse changes in investment yields on invested assets will affect the earnings on those products with a guaranteed return.

10. Employee Retirement Benefits

The Company has a noncontributory pension plan under group annuity contracts written by the Company covering substantially all employees and field representatives. In addition, the Company provides certain health care and life insurance benefits for retired employees or their beneficiaries. Substantially all of the Company’s employees and field representatives may become eligible for those benefits when they reach normal retirement age while working for the Company.

The Company uses a December 31 measurement date for all plans.

45

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

A summary of assets, obligations and assumptions of the pension and other postretirement benefit plans at December 31, are as follows:

	Pension Benefits						Postretirement Medical
	2016			2015			2016			2015
	(In Thousands)
Change in benefit obligation:
Benefit obligation at beginning of year	$	1,003,308		$	1,046,429		$	183,347		$	219,041
Service cost	18,051			21,331			621			924
Interest cost	36,328			41,505			6,327			8,347
Contribution by plan participants	—			—			4,605			4,658
Actuarial (gain) loss	27,710			(49,087		)	(9,757		)	(35,361		)
Benefits paid	(69,697		)	(56,870		)	(15,643		)	(14,262		)
Plan amendments	—			—			—			—
Benefit obligation at end of year	$	1,015,700		$	1,003,308		$	169,500		$	183,347
Change in plan assets:
Fair value of plan assets at beginning of year	$	887,429		$	904,927		$	—		$	—
Actual return on plan assets	90,143			39,372			—			—
Employer contribution	7,000			—			11,039			9,604
Plan participants’ contributions	—			—			4,604			4,658
Benefits paid	(69,697		)	(56,870		)	(15,643		)	(14,262		)
Fair value of plan assets at end of year	$	914,875		$	887,429		$	—		$	—

	Pension Benefits						Postretirement Medical
	2016			2015			2016			2015
	(In Thousands)
Funded status:
Overfunded (underfunded) obligation	$	(100,825	)	$	(115,879	)	$	(169,500	)	$	(183,347	)
Unrecognized net (gain) or loss	—			—			—			—
Unrecognized prior service cost	—			—			—			—
Net amount recognized*	$	(100,825	)	$	(115,879	)	$	(169,500	)	$	(183,347	)
Accumulated benefit obligation for vested employees and partially vested employees to the extent vested	$	(966,933	)	$	(961,596	)	$	(169,500	)	$	(183,347	)

* Nonadmitted if overfunded

46

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

	Pension Benefits
	2016			2015			2014
	(In Thousands)
Components of net periodic benefit cost:
Service cost	$	18,051		$	21,331		$	16,175
Interest cost	36,329			41,505			41,110
Expected return on plan assets	(64,585		)	(65,747		)	(64,416		)
Amount of recognized gains and losses	35,764			41,969			30,245
Amount of prior service cost recognized	(5,134		)	(1,019		)	(1,019		)
Total net periodic benefit cost (benefit)	$	20,425		$	38,039		$	22,095

	Postretirement Medical
	2016			2015			2014
	(In Thousands)
Components of net periodic benefit cost:
Service cost	$	621		$	924		$	878
Interest cost	6,327			8,347			9,413
Amount of recognized gains and losses	(1,669		)	25			(25		)
Amount of prior service cost recognized	(1,075		)	(1,074		)	(1,074		)
Total net periodic benefit cost (benefit)	$	4,204		$	8,222		$	9,192

	Pension Benefits						Postretirement Medical
	2016			2015			2016			2015
	(In Thousands)
Amounts in unassigned funds (surplus) recognized as components of net periodic benefit cost:
Items not yet recognized as a component of net periodic cost - prior year	$	437,653		$	501,314		$	(39,815	)	$	(5,504	)
Net transition asset or obligation recognized	—			—			—			—
Net prior service cost or credit arising during the period	—			—			—			—
Net prior service cost or credit recognized	5,134			1,019			1,075			1,075
Net gain and loss arising during the period	2,151			(22,711		)	(9,740		)	(35,360		)
Net gain and loss recognized	(35,764		)	(41,969		)	1,669			(26		)
Items not yet recognized as a component of net periodic cost - current year	$	409,174		$	437,653		$	(46,811	)	$	(39,815	)

47

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

	Pension Benefits						Postretirement Medical
	2016			2015			2016			2015
	(In Thousands)
Amounts in unassigned funds (surplus) expected to be recognized in the next fiscal year as components of net periodic benefit cost:
Net transition asset or (obligation)	$	—		$	—		$	—		$	—
Net prior service cost or (credit)	(5,134		)	(3,600		)	(1,503		)	(1,075		)
Net recognized gains and (losses)	32,072			35,499			(2,665		)	(1,492		)
Amounts in unassigned funds (surplus) that have not yet been recognized as components of net periodic benefit cost:
Net transition asset or (obligation)	$	—		$	—		$	—		$	—
Net prior sevice cost or (credit)	(21,761		)	(26,895		)	(9,702		)	(10,777		)
Net recognized gains and (losses)	430,935			464,548			(37,092		)	(29,038		)

Assumptions used to determine net periodic benefit cost for the year ended December 31:

	Pension Benefits		Postretirement Medical
	2016	2015	2016	2015
Discount rate	4.35%	4.05%	4.31%	4.00%
Rate of compensation increase	4.60%	4.60%	N/A	N/A
Expected long-term rate of return on plan assets	7.50%	7.50%	N/A	N/A

Assumptions used to determine the benefit obligation at December 31:

	Pension Benefits		Postretirement Medical
	2016	2015	2016	2015
Discount rate	4.17%	4.35%	4.12%	4.31%
Rate of compensation increase	4.60%	4.60%	N/A	N/A

The Company’s pension liability was $100.8 million and $115.9 million at December 31, 2016 and 2015, respectively.

Effective January 1, 2016, the Company elected to utilize a full yield curve approach in the estimation of liabilities, service cost, and interest cost for pension and postretirement benefits by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows. Historically, the Company estimates these service and interest cost components utilizing a single weighted-average discount rate derived from the yield curve used to measure the benefit obligation at the beginning of the period. The Company made the change to provide a more precise measurement of service

48

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

and interest costs by improving the correlation between projected benefit cash flows to the corresponding spot yield curve rates. The Company accounted for this change as a change in accounting estimate and, accordingly, accounted for it prospectively. The yield curve utilized in the cash flow analysis is comprised of highly rated (Aaa or Aa) corporate bonds. The discount rate was decreased from 4.35% at December 31, 2015 to 4.17% at December 31, 2016. This resulted in a $22.7 million increase in the pension benefit obligation in 2016. The discount rate was increased from 4.05% at December 31, 2014 to 4.35% at December 31, 2015. This resulted in a $40.8 million decrease in the pension benefit obligation in 2015.

The Company employs a prospective building block approach in determining the long-term expected rate of return for plan assets. Historical returns are determined by asset class. The historical relationships between equities, fixed income securities, and other assets are reviewed. The Company applies long-term asset return estimates to the plan’s target asset allocation to determine the weighted-average long-term return. The Company’s long-term asset allocation was determined through modeling long-term returns and asset return volatilities and is guided by an investment policy statement created for the plan.

The asset allocation for the defined benefit pension plan at the end of 2016 and 2015, and the target allocation for 2016 by asset category, are as follows:

	Target Allocation Percentage		Percentage of Plan Assets
	2016		2016		2015
Asset category:
Equity securities	55	%	60	%	59	%
Fixed income securities	15		14		14
Short-term investments	5		2		4
Other	25		24		23
Total	100	%	100	%	100	%

The plan employs a total return investment approach whereby a mix of fixed income and equity investments are used to maximize the long-term return of plan assets for a prudent level of risk. Risk tolerance is established through careful consideration of plan liabilities, plan funded status, and corporate financial condition. The total portfolio is structured with multiple sub-portfolios, each with a specific fixed income or equity asset management discipline. Each sub-portfolio is subject to individual limitations and performance benchmarks as well as limitations at the consolidated portfolio level. Quarterly asset allocation meetings are held to evaluate portfolio asset allocations and to establish the optimal mix of assets given current market conditions and risk tolerance. Investment mix is measured and monitored on an ongoing basis through regular investment reviews, annual liability measurements, and periodic asset/liability studies.

The Company’s pension plan assets consist primarily of debt and equity securities, mutual funds and private equity funds, all of which are carried at fair value.

Fair value is defined as the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date (an exit price). The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three levels.

49

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

• Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. The Company’s Level 1 assets primarily include exchange-traded equity securities and mutual funds.

• Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. The Company’s Level 2 assets include certain debt securities for which public price quotations are not available, but that use other market observable inputs from third-party pricing service quotes or internal valuation models using observable inputs. Level 2 assets also include private funds that invest primarily in domestic debt securities where the Company has the right to redeem its interest at net asset values. The underlying debt securities within these funds employ similar valuation methodologies as the Company’s other investments in debt securities.

• Level 3 - Significant unobservable inputs for the asset or liability. The Company’s Level 3 assets primarily include private equity fund interests.

Debt Securities

The fair values of actively traded debt securities have been determined through the use of third-party pricing services utilizing market observable inputs.

Equity Securities

The fair values of actively traded equity securities have been determined utilizing publicly quoted prices from third-party pricing services.

Mutual Funds

The fair values of mutual funds have been determined utilizing the net asset values of the funds.

PrivateEquity and Fixed Income Funds

The fair values of private equity and fixed income funds have been determined utilizing the net asset values of the funds.

Other Assets

Other assets primarily include securities lending reinvested collateral and a group annuity contract. The fair value of securities lending reinvested collateral assets are from third-party sources utilizing publicly quoted prices. The group annuity contract is carried at cash surrender value, which approximates fair value.

50

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The fair value of the pension plan’s assets by asset category is as follows:

	Assets Measured at Fair Value		Fair Value Hierarchy Level
			Level 1		Level 2		Level 3
	(In Thousands)
At December 31, 2016:
Debt securities:
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	14,313	$	14,313	$	—	$	—
Debt securities issued by states of the U.S. and political subdivisions of the states	3,444		—		3,444		—
Corporate securities	76,348		—		73,230		3,118
Residential mortgage-backed securities	14,355		—		14,355		—
Commercial mortgage-backed securities	211		—		211		—
Asset-backed securities	9,001		—		9,001		—
Equity securities:
Common equity	390,521		390,521		—		—
Mutual funds	157,469		157,469		—		—
Preferred stock	3,769		—		3,769		—
Other invested assets:
Private equity and fixed income funds	205,831		—		148,807		57,024
Surplus notes	5,013		—		5,013		—
Real estate	14,928		—		—		14,928
Other assets	98,906		95,578		1,615		1,713
Total plan assets	$	994,109	$	657,881	$	259,445	$	76,783

51

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

	Assets Measured at Fair Value		Fair Value Hierarchy Level
			Level 1		Level 2		Level 3
	(In Thousands)
At December 31, 2015:
Debt securities:
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	12,355	$	12,355	$	—	$	—
Debt securities issued by states of the U.S. and political subdivisions of the states	3,399		—		3,399		—
Corporate securities	74,565		—		71,323		3,242
Residential mortgage-backed securities	19,813		—		19,813		—
Commercial mortgage-backed securities	805		—		805		—
Asset-backed securities	10,798		—		10,798		—
Equity securities:
Common equity	337,446		337,446		—		—
Mutual funds	179,976		179,976		—		—
Preferred stock	3,872		—		3,872		—
Other invested assets:
Private equity and fixed income funds	188,595		—		135,408		53,187
Surplus notes	4,826		—		4,826		—
Real estate	12,991		—		—		12,991
Other assets	133,288		129,194		2,281		1,813
Total plan assets	$	982,729	$	658,971	$	252,525	$	71,233

52

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The reconciliation for all plan assets measured at fair value using significant unobservable inputs (Level 3) for the year ended December 31, 2016, is as follows:

	Beginning Assets as of		Actual Return Gains (Losses) on Plan Assets					Purchases, Sales, Issuances and Settlements			Transfers Into Level 3		Transfers Out of Level 3		Ending Assets as of
			Relating to Assets Still Held at the Reporting Date			Relating to Assets Sold During the Period
	January 1, 2016														December 31, 2016
	(In Thousands)
Corporate securities	$	3,242	$	(81	)	$	—	$	(43	)	$	—	$	—	$	3,118
Other invested assets:
Private equity and fixed income funds	53,187		2,419			—		1,418			—		—		57,024
Real estate	12,991		1,937			—		—			—		—		14,928
Other assets	1,813		—			—		(100		)	—		—		1,713
Total	$	71,233	$	4,275		$	—	$	1,275		$	—	$	—	$	76,783

The gross purchases, issuances, sales and settlements included in the reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2016, is as follows:

	Purchases		Issuances		Sales		Settlements			Net Purchases, Issuances, Sales and Settlements
	(In Thousands)
Corporate securities	$	—	$	—	$	—	$	(43	)	$	(43	)
Other invested assets:
Private equity and fixed income funds	9,030		—		—		(7,612		)	1,418
Real estate	—		—		—		—			—
Other assets	—		—		—		(100		)	(100		)
Total	$	9,030	$	—	$	—	$	(7,755	)	$	1,275

53

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The reconciliation for all plan assets measured at fair value using significant unobservable inputs (Level 3) for the year ended December 31, 2015, is as follows:

	Beginning Assets as of January 1, 2015		Actual Return Gains (Losses) on Plan Assets					Purchases, Sales, Issuances and Settlements			Transfers Into Level 3		Transfers Out of Level 3		Ending Assets as of December 31, 2015
			Relating to Assets Still Held at the Reporting Date			Relating to Assets Sold During the Period
	(In Thousands)
Corporate securities	$	3,318	$	(35	)	$	—	$	(41	)	$	—	$	—	$	3,242
Other invested assets:
Private equity and fixed income funds	51,382		5,363			—		(3,558		)	—		—		53,187
Real estate	17,114		291			—		(4,414		)	—		—		12,991
Other assets	3,078		—			—		(1,265		)	—		—		1,813
Total	$	74,892	$	5,619		$	—	$	(9,278	)	$	—	$	—	$	71,233

The gross purchases, issuances, sales and settlements included in the reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2015, is as follows:

	Purchases		Issuances		Sales		Settlements			Net Purchases, Issuances, Sales and Settlements
	(In Thousands)
Corporate securities	$	—	$	—	$	—	$	(41	)	$	(41	)
Asset-backed securities	—		—		—		—			—
Other invested assets:
Private equity and fixed income funds	5,498		—		—		(9,056		)	(3,558		)
Real estate	2,480		—		—		(6,894		)	(4,414		)
Other assets	—		—		—		(1,265		)	(1,265		)
Total	$	7,978	$	—	$	—	$	(17,256	)	$	(9,278	)

For measurement purposes of the postretirement benefit obligation at December 31, 2016, a 5.50 percent annual rate of increase in the per capita cost of covered health care benefits is assumed for 2017. The rate was assumed to decrease gradually to 4.75 percent for 2023 and remain at that level thereafter.

54

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

Increasing or decreasing the assumed health care cost trend rate assumption by one percentage point in each year would increase (decrease) the postretirement benefit obligation as of December 31, 2016, by $22.1 million and $(18.4) million, respectively, and the estimated interest cost components of net period postretirement benefit cost for 2016 by $1.0 million and $(0.8) million, respectively.

At December 31, 2016, the assets of the Company’s pension include approximately $68.7 million invested in the Touchstone Family of Funds, which are administered by the Company, $185.6 million invested in private equity and fixed income funds managed by Fort Washington Investment Advisors, Inc., and a $1.7 million investment in a group annuity contract issued by Lafayette Life. At December 31, 2015, the assets of the Company’s pension include approximately $69.9 million invested in the Touchstone Family of Funds, which are administered by the Company, $172.0 million invested in private equity and fixed income funds managed by Fort Washington Investment Advisors, Inc., and a $1.8 million investment in a group annuity contract issued by Lafayette Life.

As of December 31, 2016, future benefit payments for the pension plan are expected as follows (in millions):

2017	$	54.1
2018	54.5
2019	54.9
2020	55.6
2021	56.5
Five years thereafter	296.6

Future benefit payments for the postretirement medical plan, net of amounts contributed by plan participants, are expected as follows (in millions):

2017	$	11.0
2018	10.7
2019	10.7
2020	10.8
2021	10.9
Five years thereafter	52.0

The Company contributed $7.0 million to the pension plan in 2016. The Company does not anticipate a required contribution to the pension plan during 2017.

The Company made contributions to the postretirement medical plan of $11.0 million in 2016 and expects to contribute $106.1 million between 2017 and 2025, inclusive. The Company received $0.0 million of subsidies in 2016. The Company’s postretirement medical plan did not collect the Medicare Part D Subsidy for claims activity occurring after January 1, 2013.

55

The Western and Southern Life Insurance Company

Notes to Financial Statements (Statutory-Basis)

December 31, 2016, 2015 and 2014

The Company sponsors a contributory employee retirement savings plan covering substantially all eligible, full-time employees. This plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). The Company’s contributions to the plan are based on a combination of the employee’s contributions to the plan and a percentage of the employee’s earnings for the year. The total of the Company’s contributions to the defined contribution plan were $4.8 million, $4.2 million, and $5.9 million for 2016, 2015 and 2014, respectively.

11. Premium and Annuity Considerations Deferred and Uncollected

Deferred and uncollected life insurance premiums and annuity considerations atDecember 31, 2016, were as follows:

	Gross		Net of Loading
	(In Thousands)
Ordinary new business	$	6,561	$	469
Ordinary renewal	73,711		50,937
Accident and health renewal	466		356
Assumed investment type-contracts	526		526
Total	$	81,264	$	52,288

56

Financial Statement Schedules (Statutory-Basis)

57

The Western and Southern Life Insurance Company
Summary of Investments – Other Than Investments in Related Parties
(Statutory-Basis)
December 31, 2016
(In Thousands)
Schedule I
					Amount at Which
			Market		Shown in the
Type of Investment	Cost (1)		Value		Balance Sheet
Debt securities
Bonds:
United States government and
government agencies and authorities	$	73,428	$	75,915	$	73,428
States, municipalities and political
subdivisions	265,001		277,980		265,001
Foreign governments	33,389		35,611		33,389
All other corporate bonds	3,060,428		3,371,336		3,060,428
Preferred stocks	36,168		40,665		36,168
Total fixed maturities	3,468,414		3,801,507		3,468,414
Equity securities
Common stocks:
Industrial, miscellaneous and all other	998,436		1,289,615		1,289,615
Mortgage loans on real estate	57,655				57,655
Real estate	29,104				29,104
Policy loans	167,005				167,005
Other long-term investments	318,394				318,394
Cash, cash equivalents and short-term
investments	166,287				166,287
Total investments	$	5,205,295			$	5,496,474
(1) Original cost of equity securities and, as to fixed maturities, original cost reduced by repayments and adjusted for amortization of premiums or accrual discounts.

58

The Western and Southern Life Insurance Company
Supplementary Insurance Information (Statutory-Basis)
(In Thousands)
Schedule III
											Benefits,
	Future										Claims
	Policy				Policy and				Net		Losses and		Other
	Benefits and		Unearned		Contract		Premium		Investment		Settlement		Operating		Premiums
	Expenses		Premiums		Liabilities		Revenue		Income*		Expenses		Expenses*		Written
Year ended December 31, 2016
Individual life	$	2,554,579	$	—	$	32,455	$	226,814	$	169,578	$	230,257	$	78,096
Individual health	253,076		1,932		3,095		21,340		14,425		21,692		13,894		$	21,308
Group life and health	92,408		—		521		4,190		4,840		9,805		344		—
Annuity	7,257		—		12,190		1,422		382		137,776		1,114
Corporate and other	—		—		—		—		132,940		—		45,547
	$	2,907,320	$	1,932	$	48,261	$	253,766	$	322,165	$	399,530	$	138,995
Year ended December 31, 2015
Individual life	$	2,520,391	$	—	$	46,560	$	228,465	$	172,600	$	241,512	$	76,877
Individual health	244,891		2,125		3,138		22,248		14,191		22,545		14,523		$	22,250
Group life and health	91,003		—		105		3,571		2,845		7,069		250		—
Annuity	7,702		—		12,427		1,913		673		128,884		980
Corporate and other	—		—		—		—		355,014		—		47,787
	$	2,863,987	$	2,125	$	62,230	$	256,197	$	545,323	$	400,010	$	140,417
Year ended December 31, 2014
Individual life	$	2,544,368	$	—	$	52,446	$	232,956	$	167,152	$	221,931	$	75,295
Individual health	228,318		2,190		3,508		23,884		13,436		22,691		16,171		$	23,894
Group life and health	90,471		—		351		4,740		2,485		7,571		634		—
Annuity	8,061		—		10,484		1,720		471		119,900		844
Corporate and other	—		—		—		—		502,017		—		41,266
	$	2,871,218	$	2,190	$	66,789	$	263,300	$	685,561	$	372,093	$	134,210
*Allocations of net investment income and other operating expenses are based on a number of assumptions and estimates, and the results would change if different methods were applied.

59

The Western and Southern Life Insurance Company
Reinsurance (Statutory-Basis)
(In Thousands)
Schedule IV
									Percentage
			Ceded to		Assumed				of Amount
	Gross		Other		From Other		Net		Assumed
	Amount		Companies		Companies		Amount		to Net
Year ended December 31, 2016
Life insurance in force	$	15,167,224	$	2,087,962	$	284,222	$	13,363,484	2	%
Premiums:
Individual life	$	227,379	$	1,716	$	1,151	$	226,814	1	%
Individual health	26,121		4,780		—		21,341		—
Group life and health	4,190		—		—		4,190		—
Annuity	24		—		1,397		1,421		98	%
	$	257,714	$	6,496	$	2,548	$	253,766	1	%
Year ended December 31, 2015
Life insurance in force	$	15,321,486	$	1,886,727	$	299,845	$	13,734,604	2	%
Premiums:
Individual life	$	228,636	$	1,373	$	1,202	$	228,465	1	%
Individual health	27,024		4,777		—		22,247		—
Group life and health	3,571		—		—		3,571		—
Annuity	39		—		1,875		1,914		98	%
	$	259,270	$	6,150	$	3,077	$	256,197	1	%
Year ended December 31, 2014
Life insurance in force	$	15,615,319	$	1,968,933	$	402,590	$	14,048,976	3	%
Premiums:
Individual life	$	233,127	$	1,466	$	1,295	$	232,956	1	%
Individual health	28,016		4,132		—		23,884		—
Group life and health	4,740		—		—		4,740		—
Annuity	30		—		1,690		1,720		98	%
	$	265,913	$	5,598	$	2,985	$	263,300	1	%

60

NAT VAROOM II    April 2017

PART C- Other Information

Item 24. Financial Statements and Exhibits

(a) Financial Statements included in Part A:

Condensed Financial Information for the Portfolios

Financial Statements included in Part B:

Separate Account I of National Integrity Life Insurance Company:

Report of Independent Registered Public Accounting Firm

Statements of Assets and Liabilities as of December 31, 2016

Statements of Operations for the Year Ended December 31, 2016

Statements of Changes in Net Assets for the Years Ended December 31, 2016 and 2015

Notes to Financial Statements

National Integrity Life Insurance Company (Depositor):

Report of Independent Auditors

Balance Sheets (Statutory-Basis) as of December 31, 2016 and 2015

Statements of Operations (Statutory-Basis) for the Years Ended December 31, 2016, 2015 and 2014

Statements of Changes in Capital and Surplus (Statutory-Basis) for the Years Ended December 31, 2016, 2015 and 2014

Statements of Cash Flow (Statutory-Basis) for the Years Ended December 31, 2016, 2015 and 2014

Notes to Financial Statements (Statutory-Basis)

The Western and Southern Life Insurance Company (Guarantor):

Report of Independent Auditors

Balance Sheets (Statutory-Basis) as of December 31, 2016 and 2015

Statements of Operations (Statutory-Basis) for the Years Ended December 31, 2016, 2015 and 2014

Statements of Changes in Capital and Surplus (Statutory-Basis) for the Years Ended December 31, 2016, 2015 and 2014

Statements of Cash Flow (Statutory-Basis) for the Years Ended December 31, 2016, 2015 and 2014

Notes to Financial Statements (Statutory-Basis)

(b) Exhibits:

The following exhibits are filed herewith or incorporated by reference as indicated:

1. Resolutions of the Board of Directors of National Integrity Life Insurance Company (National Integrity) authorizing the establishment of Separate Account I, the Registrant. Incorporated by reference to Exhibit 99.1 to Registrant's Post-Effective Amendment No. 9 to registration statement on Form N-4 (File No. 333-44892), filed July 19, 2006.

2. Not Applicable

3.

a. Form of Selling/General Agent Agreement among National Integrity, Touchstone Securities, Inc. and broker dealers. Incorporated by reference to Exhibit 99.3(A) to Registrant’s initial registration statement on Form N-4 (File No. 333-178439), filed December 12, 2011.

b. Form of Selling Agreement among W&S Financial Group Distributors, Inc., on behalf of National Integrity, Touchstone Securities, Inc., and broker dealers. Incorporated by reference to Exhibit 99.3(B) to Registrant’s Post-Effective Amendment No. 4 to registration statement on Form N-4 (File No. 333-177618), filed April 25, 2014.

c. Variable Contract Principal Underwriter Agreement with Touchstone Securities, Inc. dated May 1, 2006. Incorporated by reference to Exhibit 99.3(B) to Registrant’s initial registration statement on Form N-4 (File No. 333-178439), filed December 12, 2011.

4.

a. Form of owner driven variable annuity contract. Incorporated by reference to Exhibit 99.4(A) to Registrant’s Post-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 333-178439), filed April 25, 2012.

1

NAT VAROOM II    April 2017

b. Form of death benefit rider. Incorporated by reference to Exhibit 99.4(B) to Registrant’s Pre-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 333-167372), filed December 10, 2010.

c. Form of endorsement to guaranteed lifetime withdrawal benefit rider effective May 1, 2014. Incorporated by reference to Exhibit 99.4(C) to Registrant’s Post-Effective Amendment No. 4 to registration statement on Form N-4 (File No. 333-178439), filed April 28, 2015.

d. Form of individual guaranteed lifetime withdrawal benefit rider. Incorporated by reference to Exhibit 99.4(C) to Registrant’s Post-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 333-178439), filed April 25, 2012.

e. Form of spousal guaranteed lifetime withdrawal benefit rider. Incorporated by reference to Exhibit 99.4(D) to Registrant’s Post-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 333-178439), filed April 25, 2012.

f. Form of traditional and SEP IRA endorsement. Incorporated by reference to Exhibit 99.4(E) to Registrant’s Pre-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 333-167372), filed December 10, 2010.

5. Form of Application. Incorporated by reference to Exhibit 99.5 to Registrant’s Post-Effective Amendment No. 4 to registration statement on Form N-4 (File No. 333-178439), filed April 28, 2015

6.

a. Certificate of Incorporation of National Integrity. Incorporated by reference to Exhibit 99.6(A) to Registrant’s initial registration statement on Form N-4 (File No. 333-178439), filed December 12, 2011.

b. By-Laws of National Integrity. Incorporated by reference to Exhibit 99.6(B) to Registrant’s initial registration statement on Form N-4 (File No. 333-178439), filed December 12, 2011.

c. Certificate of Amendment of the Charter of National Integrity Life Insurance Company, effective December 16, 2013. Incorporated by reference to Exhibit 99.6(C) to Registrant's Post-Effective Amendment No. 4 to registration statement on Form N-4 (File No. 333-177618), filed April 25, 2014.

7. Not applicable.

8.

a. Amended and Restated Participation Agreement among Variable Insurance Products Funds, Fidelity Distributors Corporation and National Integrity dated August 10, 2007. Incorporated by reference to Exhibit 99.8(A) to Registrant's Post-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 333-177618), filed April 25, 2012.

b. Amendment No. 1 to Amended and Restated Participation Agreement among Variable Insurance Products Funds, Fidelity Distributors Corporation and Integrity dated August 10, 2007. Incorporated by reference to Exhibit 99.8(B) to Registrant's Post-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 033-177618), filed April 25, 2012.

c. Rule 22c-2 Agreement between Fidelity Distributors Corporation and National Integrity dated March 26, 2007. Incorporated by reference to Exhibit 99.8(D) to Registrant's Post-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 333-177618), filed April 25, 2012.

d. Voting Agreement between National Integrity and The Vanguard Group, Inc. effective December 1, 2010. Incorporated by reference to Exhibit 99.8(C) to Registrant’s Post-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 333-167372), filed April 27, 2011.

e. Voting Agreement between National Integrity and BlackRock, Inc. effective December 1, 2010. Incorporated by reference to Exhibit 99.8(D) to Registrant’s Post-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 333-167372), filed April 27, 2011.

f. Access Agreement between National Integrity and Mid Atlantic Trust Company effective November 1, 2010. Incorporated by reference to Exhibit 99.8(E) to Registrant’s Pre-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 333-167372), filed December 10, 2010.

g. ETF xChange Authorization between National Integrity and Mid Atlantic Trust Company effective November 1, 2010. Incorporated by reference to Exhibit 99.8(F) to Registrant’s Pre-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 333-167372), filed December 10, 2010.

h. Amendment 2 to Access Agreement and ETFxChange Authorization between Integrity and Mid Atlantic Trust Company effective February 2, 2015. Incorporated by reference to Exhibit 99.8(H) to Registrant’s Post-Effective Amendment No. 4 to registration statement on Form N-4 (File No. 333-178439), filed April 28, 2015.

i. Custodial Agreement between National Integrity and Mid Atlantic Trust Company effective November 1, 2010. Incorporated by reference to Exhibit 99.8(G) to Registrant’s Pre-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 333-167372), filed December 10, 2010.

9. Opinion and Consent of Rhonda S. Malone, Esq. as to the legality of the securities registered, filed herewith.

10.

a. Consent of Independent Registered Public Accounting Firm, filed herewith.

2

NAT VAROOM II    April 2017

b. Consent of Independent Auditors, filed herewith.

11. Not applicable.

12. Not applicable.

13. Powers of Attorney of each member of the Board of Directors of The Western and Southern Life Insurance Company (WSLIC), specifically John F. Barrett, James N. Clark, Jo Ann Davidson, George H. Walker, III, and Thomas L. Williams, each dated December 20, 2011. Incorporated by reference to Exhibit 99.13 to Registrant’s Pre-Effective Amendment No. 1 to registration statement on Form N-4 (File No. 333-178439), filed December 28, 2011.

14. Guarantee from WSLIC to the policy holders of National Integrity. Incorporated by reference to Exhibit 99.14 to Registrant’s initial registration statement on Form N-4 (File No. 333-178439), filed December 12, 2011.

15. Cover letter, filed herewith.

Item 25.    Directors and Officers of the Depositor

The names and principal business addresses* of the directors and officers of, and their positions with the Depositor, are as follows:

Directors:

John F. Barrett Director, Chairman of the Board

Edward J. Babbitt Director, Secretary

Jill T. McGruder Director, President and Chief Executive Officer

Jonathan D. Niemeyer Director

Donald J. Wuebbling Director

Daniel J. Downing Director, Senior Vice President

Eric C. Fast¹  Director

Cameron F. MacRae III²  Director

Newton Phelps Stokes Merrill³  Director

George R. Bunn Jr.⁴  Director

Officers:

John F. Barrett Director, Chairman of the Board     

Jill T. McGruder Director, President and Chief Executive Officer

Edward J. Babbitt Director, Secretary

Daniel J. Downing Director, Senior Vice President

Lisa B. Fangman Senior Vice President

Roger M. Lanham Senior Vice President and Co-Chief Investment Officer

Brendan M. White Senior Vice President and Co-Chief Investment Officer

Karen A. Chamberlain Senior Vice President and Chief Information Officer

Kevin L. Howard Senior Vice President and General Counsel

Daniel W. Harris Senior Vice President and Chief Actuary

Mark E. Caner Senior Vice President

James J. Vance Senior Vice President and Treasurer

D. Todd Henderson Senior Vice President and Chief Risk Officer

Bradley J. Hunkler Senior Vice President and Chief Financial Officer

Wade M. Fugate Vice President and Controller

Bruce W. Maisel Vice President and Chief Compliance Officer

Terrie A. Wiedenheft Vice President

Phillip E. King Vice President and Auditor

Daniel R. Larsen Vice President

Denise L. Sparks Vice President

Brian A. Eichhold Assistant Vice President

Donald P. Myers Assistant Vice President

Ryan K. Richey Assistant Vice President

Andrew P. Shull Assistant Vice President

Jacob C. Steuber Assistant Vice President

James R. Murray Assistant Vice President

Barbara A. Edwards Assistant Vice President

Robert F. Noschang Assistant Vice President

Aaron J. Wolf Assistant Vice President and Chief Underwriter

Jay V. Johnson Assistant Vice President and Assistant Treasurer

3

NAT VAROOM II    April 2017

John S. Musgrove Assistant Vice President and Assistant Treasurer

Cheryl J. Stotts Assistant Vice President and Assistant Treasurer

Kathleen A. Cornelius Assistant Treasurer

Timothy D. Speed Assistant Treasurer

Rebecca L. Deppen Manager, Annuity New Business

Sharon Cummings Licensing Officer

Brenda L. Elliott Manager, Licensing

*The principal business address for the above is 400 Broadway, Cincinnati, Ohio 45202, unless otherwise noted.

¹ Principal Business Address: 29 Hillside Road, Greenwich, CT 06830

² Principal Business Address: 1540 Broadway, New York, NY 10036-4086

³ Principal Business Address: 262 Central Park West, Apt. 12B, New York, NY 10024

⁴ Principal Business Address: 126 East 56^th Street, 12th Floor, New York, NY 10022-3584

Item 26. Persons Controlled by or Under Common Control with National Integrity or Registrant

Affiliate	State	Entity Type	Affiliated Ownership	Type of Business
1373 Lexington Road Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns/operates real estate
2758 South Main SPE, LLC	OH	LLC	100% by WSLIC	owns/operates real estate
309 Holding LLC	DE	LLC	97% by Eagle Real Estate Holdings, LLC; 1% by ERI	owns real estate entities
506 Phelps Holdings, LLC	OH	LLC	98% by WSLIC; 2% by ERI	owns real estate entities
82 Flats, LLC	IN	LLC	64% by Flats Apartments Investor Holdings, LLC; 1% by ERI	owns real estate
Airport Exchange Hotel Partners	KY	GP	74% by WS Airport Exchange GP, LLC; 1% by ERI	owns/operates real estate
Alta Stony Point, LLC	DE	LLC	49% by Stony Investor Holding, LLC; 1% by ERI	owns/operates real estate
Apex Housing Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Apex Louisville, LLC	KY	LLC	64% by Apex Housing Investor Holdings, LLC; 1% by ERI	owns/operates real estate
Ascent Plainfield, LLC	IN	LLC	64% by Stout Metro Housing Holding, LLC; 1% by ERI	owns real estate entities
Autumn Village Apartments, LLC	GA	LLC	100% by Country Place Associates	owns real estate entities
Axis JV, LLC	KY	LLC	64% by 1373 Lexington Road Investor Holding, LLC; 1% by ERI	owns/operates real estate
Axis Louisville, LLC	KY	LLC	100% by Axis JV, LLC	owns/operates real estate
Axis Perimeter Center GP, LLC	OH	LLC	100% by ERI	owns real estate entities
Baton Rouge Cottages Investor, LLC	OH	LLC	100% by Baton Rouge Housing Holdings, LLC	owns real estate entities
Baton Rouge Housing Holdings, LLC	OH	LLC	98% by WSLIC; 2% by ERI	owns real estate entities
Belle Haven Apts, LLC	DE	LLC	100% by Fore Eagle JV, LLC	owns real estate
Belle Housing Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC: 2% by ERI	owns real estate entities
Brickyard Apartments, LLC	DE	LLC	54% by BY Apartment Investor Holdings, LLC	owns/operates real estate
Brickyard Investments, LLC	DE	LLC	100% by Brickyard Apartments, LLC	owns/operates real estate
Buckeye Venture Partners, LLC	OH	LLC	60% by FWIA; 40% by Peppertree Partners, LLC	manages private equity fund
BVP NEO, LLC	OH	LLC	100% by FWIA	manages private equity fund
BY Apartment Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities

4

NAT VAROOM II    April 2017

Affiliate	State	Entity Type	Affiliated Ownership	Type of Business
Canal Senate Apartments, LLC	IN	LLC	100% by WSLIC	owns/operates real estate
Carmel Holdings, LLC	OH	LLC	49% by W&S Real Estate Holdings, LLC; 1% by ERI	owns real estate entity
Carmel Hotel Investor, LLC	OH	LLC	100% by Carmel Holdings, LLC	owns real estate entity
Carmel Hotel, LLC	IN	LLC	74% by Carmel Hotel Investor, LLC; 1% by ERI	owns/operates real estate
Carthage Senior Housing, Ltd.	OH	LLC	98% by W&S Real Estate Holdings, LLC; 1% by ERI	owns/operates real estate
CCA CBD Cincinnati LLC	OH	LLC	100% by 309 Holding, LLC	owns/operates real estate
CDC-Baton Rouge, LLC	AL	LLC	59% by Baton Rouge Cottages Investor, LLC	owns real estate entities
Centreport Hotels LLC	TX	LLC	75% by ERI	owns/operates real estate
Centreport Partners LP	TX	LP	25.25% by WSLIC; 49% by WSLR Dallas LLC; 1% by ERI	owns/operates real estate
Cincinnati Analysts, Inc.	DE	Corp	100% by CLIC	broker-dealer/ investment advisor
Cinnaire Fund for Housing Limited Partnership 31	MI	LP	16.7% limited partnership by CLIC	owns real estate entities
Cleo Residences, LLC	DE	LLC	49% by Gallatin Eastland Investor Holdings, LLC; 1% by ERG	owns/operates real estate
Cleveland East Hotel, LLC	OH	LLC	74% by WSALD CEH, LLC; 1% by ERI	owns/operates real estate
Columbus Life Insurance Company (CLIC)	OH	Corp	100% by WSLIC	insurance company
Concorde Circle Apartments, LLC	DE	LLC	49% by Linthicum Investor Holdings, LLC; 1% by ERI	owns/operates real estate
Country Place Associates	OH	GP	90% by WS Country Place GP, LLC; 10% by ERI	owns/operates real estate
Countryside-Alexander Investments, LLC	FL	LLC	69% by Golf Countryside Investor Holding, LLC; 1% by ERI	owns/operates real estate
Cove Housing Investor Holding, LLC	OH	LLC	49% by Cove Housing Investor Holdings, LLC; 1% by ERI	owns real estate entities
Crabtree Apartments, LLC	TX	LLC	59% by Crabtree Commons Apts Investor Holdings, LLC; 1% by ERI	owns/operates real estate
Crabtree Commons Apts Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns/operates real estate
Cranberry NP Hotel Company, LLC	PA	LLC	74% by NP Cranberry Hotel Investor LLC; 1% by ERI	owns/operates real estate
Crossings Apartments Holdings, LLC	OH	LLC	98% by WSLIC; 2% by ERI	owns real estate entities
Curve Luxury Apartments Investors, LLC	DE	LLC	59% by MC Investor Holdings, LLC; 1% by ERI	owns real estate entities
Curve Luxury Apartments, LLC	AZ	LLC	100% owned by Curve Luxury Apartments Investors, LLC	owns/operates real estate
Countryside-Alexander Investments, LLC	FL	LLC	69% by Golf Countryside Investor Holdings, LLC; 1% by ERI	owns/operates real estate
Cove Housing Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Dallas City Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns/operates real estate
Day Hill Road Land LLC	CT	LLC	74% by W&S Real Estate Holdings, LLC; 1% by ERI	owns real estate entities
Daybreak Parkway Fee Owner, LLC	DE	LLC	100% by Daybreak Parkway Land Partners, LLC	owns/operates real estate
Daybreak Parkway Land Partners, LLC	DE	LLC	64% by Crossings Apartments Holdings, LLC; 1% by ERI	owns real estate entities
Delco Lofts, LLC	OH	LLC	99% by Patterson at First Investor Holdings, LLC	owns/operates real estate
Domain at Dunvale, LLC	TX	LLC	49% by Dunvale Investor Holdings, LLC; 1% by ERG	owns/operates real estate

5

NAT VAROOM II    April 2017

Affiliate	State	Entity Type	Affiliated Ownership	Type of Business
Dublin Hotel LLC	OH	LLC	25% by WSLIC; 49% by WSLR Columbus LLC; 1% by ERI	owns/operates real estate
Dunvale Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Dwell at Legacy, LLC	TX	LLC	50% by Sonterra Legacy Investor Holdings, LLC	owns/operates real estate
Eagle Realty Capital Partners, LLC	OH	LLC	100% by ERG	investment adviser
Eagle Realty Group, LLC (ERG)	OH	LLC	100% by Western & Southern Investment Holdings, LLC	real estate holding company
Eagle Realty Investments, Inc. (ERI)	OH	Corp	100% by ERG	real estate
East Denver Investor Holdings, LLC	OH	LLC	76.0946% by W&S Real Estate Holdings, LLC; 1.5529% by ERI	owns real estate entities
Elan Dallas City Lights GP, LLC	DE	LLC	100% by Elan Dallas City Lights, LLC	owns real estate entities
Elan Dallas City Lights Owner, LP	DE	LP	99% by Elan Dallas City Lights Limited Partner, LP; 1% by Elan Dallas City Lights GP, LLC	owns/operates real estate
Elan Dallas City Lights Limited Partner, LP	DE	LP	100% by Elan Dallas City Lights, LLC	owns/operates real estate
Elan Dallas City Lights, LLC	DE	LLC	59% by Dallas City Investor Holdings, LLC; 1% by ERI	owns/operates real estate
Elan Galleria Investment, LLC	OH	LLC	100% by Galleria Investor Holdings, LLC	owns real estate entities
Elan Kennedy Flats, LLC	DE	LLC	59% by One Kennedy Housing Investor Holdings, LLC; 1% by ERI	owns/operates real estate
FDC Siena JV, LLC	DE	LLC	69% by Siena Investor Holdings, LLC; 1% by ERI	owns real estate
Flats Apartments Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Flats Crossing Investment, LLC	OH	LLC	100% by Flats Apartments Investor Holdings, LLC	owns real estate entities
Fore Eagle JV, LLC	DE	LLC	Owned 69% by Belle Housing Investor Holdings, LLC; 1% by ERI	owns real estate
Fort Washington Capital Partners, LLC (FWCP)	DE	LLC	100% by FWIA	managing partner for private equity funds
Fort Washington Emerging Market Debt LLC	DE	LLC	Managing Member is Fort Washington Fixed Income LLC	fixed income
Fort Washington Fixed Income LLC	DE	LLC	100% by FWIA	private fixed income fund
Fort Washington Full Discretion Fixed Income LLC	DE	LLC	Managing Member Fort Washington Fixed Income LLC; investors include WSLIC	managing member for private fixed income fund
Fort Washington Global Alpha Domestic Fund LP	DE	LP	GP is Fort Washington Global Alpha GP LLC; WSFG is sole limited partner	hedge fund
Fort Washington Global Alpha GP LLC	DE	LLC	100% by FWIA	GP of hedge fund
Fort Washington Global Alpha Master Fund LP	Cay- men Isles	LP	GP is Fort Washington Global Alpha GP LLC; Fort Washington Global Alpha Domestic Fund LP is limited partner	hedge fund
Fort Washington Global Alpha SLP LLC	DE	LLC	50% by FWIA	special limited partner of hedge fund
Fort Washington High Yield Investors II, LLC	DE	LLC	managing member is FWCP	private fixed income fund
Fort Washington High Yield Investors LLC	DE	LLC	managing member is FWCP	private fixed income fund
Fort Washington Investment Advisors, Inc. (FWIA)	OH	Corp	100% by Western & Southern Investment Holdings, LLC	registered investment adviser
Fort Washington Private Equity Investors II, L.P.	DE	LP	GP is FWCP; investors include WSLIC	private equity fund

6

NAT VAROOM II    April 2017

Affiliate	State	Entity Type	Affiliated Ownership	Type of Business
Fort Washington Private Equity Investors III, L.P.	DE	LP	GP is FWCP; investors include WSLIC	private equity fund
Fort Washington Private Equity Investors IV, L.P.	DE	LP	GP is FWCP; investors include WSLIC	private equity fund
Fort Washington Private Equity Investors IX, L.P.	DE	LP	GP is FWPEI IX GP, LLC; investors include WSLIC	private equity fund
Fort Washington Private Equity Investors IX-B, L.P.	DE	LP	GP is FWPEI IX GP, LLC; WSLIC is the sole limited partner	private equity fund
Fort Washington Private Equity Investors IX-K, L.P.	DE	LP	GP is FWPEI IX GP, LLC	private equity fund
Fort Washington Private Equity Investors V, L.P.	DE	LP	GP is FWPEI V GP, LLC; investors include WSLIC	private equity fund
Fort Washington Private Equity Investors V-B, L.P.	DE	LP	GP is FWPEI V GP, LLC; investors include WSLIC	private equity fund
Fort Washington Private Equity Investors VI, L.P.	DE	LP	GP is FWPEI VI GP, LLC; investors include WSLIC	private equity fund
Fort Washington Private Equity Investors VII, L.P.	DE	LP	GP is FWPEI VII GP, LLC; investors include WSLIC	private equity fund
Fort Washington Private Equity Investors VIII, L.P.	DE	LP	GP is FWPEI VIII GP, LLC; investors include WSLIC	private equity fund
Fort Washington Private Equity Investors VIII-B, L.P.	DE	LP	GP is FWPEI VIII GP, LLC; WSLIC is the sole limited partner	private equity fund
Fort Washington Private Equity Investors V-VC, L.P.	DE	LP	GP is FWPEI V GP, LLC; investors include WSLIC	private equity fund
Fort Washington Private Equity Opportunities Fund II, L.P.	DE	LP	GP is FWPEO II GP, LLC; WSLIC is an investor	private equity fund
Fort Washington Private Equity Opportunities Fund III, L.P.	DE	LP	GP is FWPEO III GP, LLC; WSLIC is an investor	private equity fund
Fort Washington Private Equity Opportunities Fund III-B, L.P.	DE	LP	GP is FWPEO III GP, LLC; WSLIC is the sole limited partner	private equity fund
Frontage Lodging Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
FWPEI IX GP, LLC	DE	LLC	100% by FWIA	general partner of Fund IX
FWPEI V GP, LLC	DE	LLC	100% by FWIA	general partner of the three private equity funds
FWPEI VI GP, LLC	DE	LLC	100% by FWIA	general partner of Fund VI
FWPEI VII GP, LLC	DE	LLC	100% by FWIA	general partner of Fund VII
FWPEI VIII GP, LLC	DE	LLC	100% by FWIA	general partner of Fund VIII
FWPEO II GP, LLC	DE	LLC	100% by FWIA	manages private equity fund
FWPEO III GP, LLC	DE	LLC	100% by FWIA	manages private equity fund
Gallatin Eastland Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Galleria Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Galveston Summerbrooke Apts., LLC	TX	LLC	54% by Summerbrooke Apartments Investor, LLC; 1% by ERI	owns/operates real estate
Golf Countryside Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Golf Sabal Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities

7

NAT VAROOM II    April 2017

Affiliate	State	Entity Type	Affiliated Ownership	Type of Business
Great Lakes Capital Fund for Housing LP 30	MI	LP	13.5% LP interest by LLIC	owns real estate entities
Greenwood Reserve Apartments, LLC	KS	LLC	64% by Olathe Apartments Investor Holdings, LLC; 1% by ERI	owns/operates real estate
Grelot Cody Apartments, LLC	OH	LLC	100% by Vinings Trace, LLC	owns real estate entities
GS Beach Club, LLC	DE	LLC	76.5% by Winkler Extension Apartments Investor, LLC	owns real estate entities
GS Multifamily Dallas Galleria, LLC	DE	LLC	59% by Galleria Investor Holdings, LLC; 1% by ERI	owns real estate
GS Yorktown Apartments, LP	DE	LP	59% by YT Crossing Apartments Investor, LLC; 1% by ERI	owns real estate entities
IFS Financial Services, Inc. (IFS)	OH	Corp	100% by Western-Southern Life Assurance Company	owns operating entities
Insurance Profillment Solutions, LLC	OH	LLC	100% by WSLIC	insurance marketing
Integrity Life Insurance Company (ILIC)	OH	Corp	100% by WSLIC	insurance company
IR Mall Associates, Ltd.	FL	LP	49.50% by WSLIC	owns/operates real estate
IR Mall Company, L.C.	FL	LLC	50% by ERI	owns/operates real estate
Jacksonville Salisbury Apartment Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI
JLB Southpark Apartments LLC	DE	LLC	49% by SP Charlotte Apts Investor Holdings, LLC; 1% by ERI	owns/operates real estate
Kissimmee Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
LaCenterra Apartments Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
LaCenterra Apartments, LLC	TX	LLC	59% LaCenterra Apartments Investor Holdings, LLC; 1% ERI	owns/operates real estate
LaFrontera Hotel LLC	TX	LLC	75% by ERI	owns/operates real estate
LaFrontera Lodging Partners LP	OH	LP	74.25% by W&S Real Estate Holdings, LLC	owns/operates real estate
LeRoy Glen Investment, LLC	OH	LLC	100% by WSLIC	owns real estate
Linthicum Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns/operates real estate
LLIA, Inc.	OH	Corp	100% by The Lafayette Life Insurance Company	insurance agency
Lookout Corporate Center	KY	JVGP	50% by WS Lookout GP, LLC	owns/operates real estate
Lugano Apartments, LLC	DE	LLC	59% by WS; 1% by ERG	owns/operates real estate
Lytle Park Inn, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns/operates real estate
Main Hospitality Holdings, LLC	OH	LLC	98% by WSLIC; 2% by ERI	owns real estate entities
Mallard Sherburn Apartments, LLC	OH	LLC	100% by WSLIC	owns real estate entities
MC Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Midtown Park Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Miller Creek Associates, LLC	DE	LLC	59% by Miller Creek Investor Holdings, LLC	owns real estate
Miller Creek Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Miller Creek Residences, LLC	DE	LLC	100% by Miller Creek Associates, LLC	owns real estate
MP Dallas Development Holdings, LLC	DE	LLC	49% by Midtown Park Investor Holdings, LLC; 1% by ERG	owns real estate entities
MP Dallas Project Owner, LLC	DE	LLC	100% by MP Dallas Development Holdings, LLC	owns/operates real estate

8

NAT VAROOM II    April 2017

Affiliate	State	Entity Type	Affiliated Ownership	Type of Business
National Integrity Life Insurance Company	NY	Corp	100% by ILIC	insurance company
NE Emerson Edgewood, LLC	IN	LLC	60% by LLIC	owns real estate entities
NEO Capital Fund, LP	DE	LP	General Partner is BVP NEO, LLC	private equity fund
North Braeswood Meritage Holdings, LLC	OH	LLC	100% by WSLAC	owns real estate entities
North Broad Callowhill Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
North Pittsburgh Hotel LLC	PA	LLC	74% by WSALD NPH, LLC; 1% by ERI	owns/operates real estate
Northeast Cincinnati Hotel LLC	OH	LLC	25% by WSLIC; 49% by WSLR Cincinnati LLC; 1% by ERI	owns/operates real estate
NP Cranberry Hotel Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns/operates real estate
NP Cranberry Hotel Investor, LLC	OH	LLC	100% by NP Cranberry Hotel Holdings, LLC	owns/operates real estate
Olathe Apartments Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
One Kennedy Housing Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
OTR Housing Associates, L.P.	OH	LP	98% by WSLIC; 1% by ERI	owns/operates real estate
OTR Redevelopment Group, LLC	OH	LLC	100% by OTR Walnut Housing, Ltd.	owns real estate
OTR Transitional Housing, L.P.	OH	LP	99% by WSLIC	owns/operates real estate
OTR-Walnut Housing, Ltd.	OH	LLC	100% by ERI	owns/operates real estate
Overland Apartments Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Park Avenue Lofts, LLC	CO	LLC	49% by Uptown Denver Investor, LLC; 1% by ERI	owns/operates real estate
Parkside Residences, LLC	DE	LLC	54% by Railroad Parkside Investor Holdings, LLC; 1% by ERI	owns/operates real estate
Patterson at First Investor Holdings, LLC	OH	LLC	100% by ILIC	owns real estate entities
Peppertree Fund II, LP	DE	LP	General Partner is Peppertree Partners, LLC	private equity fund
Peppertree Partners, LLC	OH	LLC	100% voting interest by FWIA	manages private equity fund
Perimeter Development Holdings, LLC	DE	LLC	49% by Perimeter TC Investor Holdings, LLC; 1% by ERG	owns real estate entities
Perimeter Project Owner, LLC	DE	LLC	100% by Perimeter TC Investor Holdings, LLC	owns/operates real estate
Perimeter TC Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Pleasanton Hotel Holding Company, LLC	DE	LLC	69% by Pleasanton Hotel Investor Holdings, LLC; 1% by ERI	owns real estate entities
Pleasanton Hotel Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Pleasanton Project Owner, LLC	DE	LLC	100% by Pleasanton Hotel Investor Holdings, LLC	owns/operates real estate
Portiva Residences, LLC	DE	LLC	49% by Jacksonville Salisbury Apartment Holdings, LLC; 1% by ERI	owns/operates real estate
Prairie Lakes Apartments Investor, LLC	OH	LLC	100% by Prairie Lakes Holdings, LLC	owns real estate entities
Prairie Lakes Apartments, LLC	IN	LLC	64% by Prairie Lakes Apartments Investor, LLC; 1% by ERI	owns real estate entities
Prairie Lakes Holdings, LLC	OH	LLC	98% by WSLIC; 2% by ERI	owns real estate entities
Prairiefire Apartments II, LLC	KS	LLC	100% by Prairiefire Apartments, LLC	owns/operates real estate
Prairiefire Apartments, LLC	KS	LLC	64% by Overland Apartments Investor Holdings, LLC; 1% by ERI	owns real estate

9

NAT VAROOM II    April 2017

Affiliate	State	Entity Type	Affiliated Ownership	Type of Business
Queen City Square Development I, LLC	OH	LLC	100% by ERG	operation of real estate
Queen City Square, LLC	OH	LLC	99.75% by WSLIC; 0.25 by ERI	owns/operates real estate
R4 Housing Partners V LP	DE	LP	9.3% LP interest by LLIC	owns real estate entities
R4 Housing Partners VI LP	DE	LP	16.7 LP interest by LLIC	owns real estate entities
Race Street Development, Ltd.	OH	LLC	100% by W&S Real Estate Holdings, LLC	owns/operates real estate
Railroad Parkside Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Randolph Tower Affordable Investment Fund, LLC	DE	LLC	99.99% by WSLIC	real estate ownership entities
Ridge at Robinson Apartments, LLC	DE	LLC	59% by Settlers Ridge Robinson Investor Holdings, LLC; 1% by ERI	owns/operates real estate
Ridgegate Apartments Investor, LLC	OH	LLC	100% by Ridgegate Holdings, LLC	owns real estate entities
Ridgegate Commonwealth Apartments, LLC	CO	LLC	44% by Ridgegate Apartments Investor, LLC; 1% by ERI	owns real estate entities
Ridgegate Holdings, LLC	OH	LLC	98% by WSLIC; 2% by ERI	owns real estate entities
Russell Bay Apartment Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	real estate ownership entity(ies)
Russell Bay Fee Owner LLC	DE	LLC	100% by Russell Bay Land Partners LLC	owns/operates real estate
Russell Bay Land Partners LLC	DE	LLC	88.63% by Russell Bay Apartment Holdings, LLC; 1.38% by ERI	owns real estate entities
Sabal-Alexander Investments, LLC	FL	LLC	69% by Golf Sabal Investor Holdings, LLC; 1% by ERI	owns/operates real estate
San Tan Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Settlers Ridge Robinson Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns/operates real estate
Seventh and Culvert Garage, LLC	OH	LLC	100% by W&S Real Estate Holdings, LLC	owns real estate entities
Shelbourne Campus Properties, LLC	DE	LLC	54% by Shelbourne Housing Investor, LLC; 1% by ERI	owns/operates real estate
Shelbourne Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entity
Shelbourne Housing Investor, LLC	OH	LLC	100% by Shelbourne Holdings, LLC	owns real estate entity
Siena Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings LLC; 2% by ERI	owns real estate entities
Siena Medical District, LLC	DE	LLC	100% by FDC Siena JV, LLC	owns real estate
Sixth and Race Development, LLC	OH	LLC	71% by Race Street Development, Ltd.; 29% by ERI	owns/operates real estate
Skye Apartments Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Skye at Arbor Lakes II, LLC	DE	LLC	59% by Skye Apartments Investor Holdings, LLC; 1% by ERI	owns/operates real estate
Skye at Arbor Lakes, LLC	DE	LLC	69% by Skye Apartments Investor Holdings, LLC; 1% by ERI	owns real estate entities
Skye at Maple Grove II, LLC	DE	LLC	100% by Skye at Arbor Lakes II, LLC	owns real estate entities
Skye Maple Grove, LLC	DE	LLC	100% by Skye at Arbor Lakes, LLC	owns/operates real estate
Skyport Hotel LLC	KY	LLC	25% by WSLIC; 49% by WSLR Skyport LLC; 1% by ERI	owns/operates real estate
Sonterra Legacy Investor Holdings, LLC	OH	LLC	100% by Trust dated August 25, 2014 for benefit of WSLIC Separate Account A (ERG, Trustee)	owns real estate entities

10

NAT VAROOM II    April 2017

Affiliate	State	Entity Type	Affiliated Ownership	Type of Business
Southside Tunnel Apartments Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns/operates real estate
Southside Works City Apartments, LLC	DE	LLC	49% by Southside Tunnel Apartments Investor Holdings, LLC; 1% by ERI	owns real estate entities
SP Charlotte Apts Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
SPX Holding LLC	OH	LLC	50% by WSFG	Airplane ownership/leasing
SSW Jet Ltd	OH	LLC	50% by WSFG	Airplane ownership/leasing
Stony Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	real estate ownership entity(ies)
Stout Metro Housing Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Summerbrooke Apartments Investor, LLC	OH	LLC	100% by Summerbrooke Holdings, LLC	owns real estate entity
Summerbrooke Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entity
Sundance Hotel Investor, LLC	OH	LLC	100% by Sundance LaFrontera Holdings, LLC	owns real estate entities
Sundance Hotel, LLC	DE	LLC	64% by Sundance Hotel Investor, LLC; 1% by ERI	owns real estate entities
Sundance LaFrontera Holdings, LLC	OH	LLC	98% by WSLIC; 2% by ERI	owns real estate entities
The Cove Apartments, LLC	DE	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
The Cove JV, LLC	DE	LLC	100% by The Cove Apartments, LLC	owns real estate entities
The Flats at Tan San, LLC	TX	LLC	49% by San Tan Investor Holdings, LLC; 1% by ERI	owns real estate entities
The Lafayette Life Insurance Company (LLIC)	OH	Corp	100% by WSFG
The Ohio Capital Fund LLC	OH	LLC	Managed by Buckeye Venture Partners, LLC	state funded private equity fund
The Western and Southern Life Insurance Company (WSLIC)	OH	Corp	100% by WSFG
Touchstone Advisors, Inc.	OH	Corp	100% by IFS	registered investment adviser
Touchstone Securities, Inc.	NE	Corp	100% by IFS	broker-dealer
Trevi Apartment Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Trevi Fee Owner, LLC	DE	LLC	100% by Trevi Land Partners, LLC	owns/operates real estate
Trevi Land Partners, LLC	DE	LLC	64% by Trevi Apartment Holdings, LLC; 1% by ERI	real estate ownership entity(ies)
Tri-State Growth Capital Fund I, L.P.	DE	LP	GP is Tri-State Ventures, LLC; investors include WSLIC	private equity fund
Tri-State Growth Capital Fund II, L.P.	DE	LP	GP is Tri-State Ventures II, LLC; investors include WSLIC	private equity fund
Tri-State Ventures II, LLC	DE	LLC	100% by FWIA	private equity fund
Tri-State Ventures, LLC	DE	LLC	100% by FWIA	private equity fund
Union Centre Hotel LLC	OH	LLC	25% by WSLIC; 49% by WSLR Union LLC; 1% by ERI	owns/operates real estate
Uptown Denver Apartment Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entity
Uptown Denver Apartments, LLC	DE	LLC	49% by East Denver Investor Holdings, LLC; 1% by ERI	owns/operates real estate
Uptown Denver Investor, LLC	OH	LLC	100% by Uptown Denver Apartment Holdings, LLC	owns real estate entity

11

NAT VAROOM II    April 2017

Affiliate	State	Entity Type	Affiliated Ownership	Type of Business
Vail Hotel Holdings ESHV, LLC	DE	LLC	74% by Frontage Lodging Investor Holdings, LLC; 1% by ERI	owns/operates real estate
Vail Hotel Owner ESHV, LLC	DE	LLC	100% by Vail Hotel Holdings ESHV, LLC	owns/operates real estate
Vernazza Apartments, LLC	DE	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Vernazza Housing Investor Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
Vinings Trace, LLC	IN	LLC	99% by WSLIC; 1% by ERI	owns/operates real estate
Vulcan Hotel LLC	AL	LLC	25% by WSLIC; 49% by WSLR Birmingham LLC; 1% by ERI	owns/operates real estate
W&S Brokerage Services, Inc.	OH	Corp	100% by WSLAC	investment advisor and broker dealer
W&S Financial Group Distributors, Inc.	OH	Corp	100% by WSLAC	insurance agency
W&S Real Estate Holdings, LLC	OH	LLC	100% by WSLIC	owns real estate entities
Western & Southern Agency, Inc.	OH	Corp	100% by WSLIC	insurance agency
Western & Southern Financial Fund Inc	OH	Non Profit Corp	Grants awarded by WSFG	charitable giving
Western & Southern Financial Group, Inc. (WSFG)	OH	Corp	100% by WSMHC	holding company
Western & Southern Investment Holdings, LLC	OH	LLC	100% by WSLIC	owns operating entities
Western & Southern Mutual Holding Company (WSMHC)	OH	Corp	Mutual Insurance Holding Company	owns operating entities
Western-Southern Life Assurance Company (WSLAC)	OH	Corp	100% by WSLIC	insurance company
Windsor Hotel LLC	CT	LLC	25% by WSLIC; 49% by WSLR Hartford LLC; 1% by ERI	owns/operates real estate
Winkler Extension Apartments Investor, LLC	OH	LLC	100% by ERG, as Trustee under a Trust Agreement dated November 30, 2009 for the benefit of WSLIC Separate Account A	owns real estate entities
WL Apartment Holdings, LLC	OH	LLC	98% by W&S Real Estate Holdings, LLC; 2% by ERI	owns real estate entities
WL Houston Parkway, LLC	TX	LLC	55% by WL Apartments Holdings, LLC; 1% by ERI
Wright Executive Hotel Limited Partners	OH	LP	60.50% by WSLIC; 0.61% by WS Wright Hotel GP, LLC	owns/operates real estate
WS Airport Exchange GP, LLC	OH	LLC	100% by W&S Real Estate Holdings, LLC	owns/operates real estate
WS Country Place GP, LLC	OH	LLC	100% by W&S Real Estate Holdings, LLC	owns/operates real estate
WS Lookout JV, LLC	OH	LLC	100% by WSLIC	owns/operates real estate
WS Wright Hotel GP, LLC	OH	LLC	100% by WSLIC	owns/operates real estate
WSA Commons, LLC	GA	LLC	50% by WSLIC	owns/operates real estate
WSALD CEH, LLC	OH	LLC	50% by WSLIC	owns/operates real estate

12

NAT VAROOM II    April 2017

Affiliate	State	Entity Type	Affiliated Ownership	Type of Business
WSALD NPH, LLC	OH	LLC	50% by WSLIC; 1% by ERI	owns/operates real estate
WSFG WG Aurora IL, LLC	OH	LLC	100% by Country Place Associates	owns/operates real estate
WSFG WG Charlotte NC, LLC	OH	LLC	100% by Country Place Associates	owns/operates real estate
WSFG WG Columbus OH, LLC	OH	LLC	100% by Vinings Trace, LLC	owns/operates real estate
WSFG WG Holding RI, LLC	OH	LLC	100% by Country Place Associates	owns/operates real estate
WSFG WG Providence RI, LLC	OH	LLC	100% by Country Place Associates	owns/operates real estate
WSFG WG Stallings NC, LLC	OH	LLC	100% by Vinings Trace, LLC	owns/operates real estate
WSL Partners, L.P.	DE	LP	GP is FWCP; investors include WSLIC	private equity fund
WSLR Birmingham LLC	OH	LLC	100% by WSLR LLC	owns real estate
WSLR Cincinnati LLC	OH	LLC	100% by WSLR LLC	owns real estate
WSLR Columbus LLC	OH	LLC	100% by WSLR LLC	owns real estate
WSLR Dallas LLC	OH	LLC	100% by WSLR LLC	owns real estate
WSLR Hartford LLC	OH	LLC	100% by WSLR LLC	owns real estate
WSLR Holdings LLC	DE	LLC	24.49% by WSLIC	owns real estate entity
WSLR LLC	DE	LLC	100% by WSLR Holdings LLC	owns real estate entities
WSLR Skyport LLC	OH	LLC	100% by WSLR LLC	owns real estate
WSLR Union LLC	OH	LLC	100% by WSLR LLC	owns real estate
YT Crossing Apartments Investor, LLC	OH	LLC	100% by YT Crossing Holdings, LLC	owns real estate entities
YT Crossing Holdings, LLC	OH	LLC	98% by WSLIC; 2% by ERI	owns real estate entities

Item 27.    Number of Contract Owners

As of March 8, 2017, 581 qualified and 0 non-qualified contracts issued pursuant to this registration statement were outstanding.

Item 28.    Indemnification

National Integrity's By-Laws provide, in Article VII, Section 7.1 provides:

To the extent permitted by the laws of the State of New York, subject to all applicable requirements thereof:

(a) any person made or threatened to be made a party to any action or proceeding, whether civil or criminal, by reason of the fact that he, his testator, or intestate, is or was a director, officer, employee or incorporator of the Company shall be indemnified by the Company;

(b) any person made or threatened to be made a party to any action or proceeding, whether civil or criminal, by reason of the fact that he, his testator or intestate serves or served any other organization on any capacity at the request of the Company may be indemnified by the Company; and

(c) the related expenses of any such person in any other of said categories may be advanced by the Company.

Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling

13

NAT VAROOM II    April 2017

person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

Item 29.    Principal Underwriters

(a)        Touchstone Securities, Inc. (Touchstone Securities) is the principal underwriter for Separate Account I of National Integrity Life Insurance Company. Touchstone Securities also serves as an underwriter for Separate Accounts I and VUL of Integrity Life Insurance Company, Western-Southern Life Assurance Company’s Separate Account 1, Columbus Life Insurance Company Separate Account I and for the shares of several series of Touchstone Variable Series Trust, Touchstone Strategic Trust, Touchstone Investment Trust, Touchstone Tax-Free Trust, Touchstone Institutional Funds Trust and Touchstone Funds Group Trust, each of which is affiliated with the Depositor.

(b)    The names and principal business addresses* of the officers and directors of, and their positions with, Touchstone Securities, Inc. are as follows:

Directors:

James N. Clark Director

Jill T. McGruder Director and Chief Executive Officer

Donald J. Wuebbling Director

Officers:

Steven M. Graziano President

Jill T. McGruder Chief Executive Officer

James J. Vance Senior Vice President and Treasurer

Sharon L. Karp Vice President

Daniel R. Larsen Vice President

Timothy S. Stearns Vice President

Thomas A. Shoemake Chief Compliance Officer

Terrie A. Wiedenheft Chief Financial Officer

Jay V. Johnson Assistant Vice President and Assistant Treasurer

John S. Musgrove Assistant Vice President and Assistant Treasurer

Cheryl J. Stotts Assistant Vice President and Assistant Treasurer

Kathleen A. Cornelius Assistant Treasurer

Timothy D. Speed Assistant Treasurer

Rhonda S. Malone Secretary

*The principal business address for the above is 303 Broadway, Cincinnati, Ohio 45202, unless otherwise noted.

(c)    Not applicable.

Item 30.    Location of Accounts and Records

The records required to be maintained by Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 to 31a-3 promulgated thereunder, are maintained by National Integrity at 400 Broadway, Cincinnati, Ohio 45202.

Item 31.    Management Services

There are currently no management-related services provided to the Registrant.

Item 32.    Undertakings

The Registrant hereby undertakes:

(a) to file a post-effective amendment to this registration statement as frequently as is necessary to ensure that the audited financial statements of the Registrant, Depositor and Guarantor in the registration statement are never more than 16 months old for so long as payments under the variable annuity contracts may be accepted;

(b) to include either (1) as part of any application to purchase a contract offered by the prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a postcard or similar written communication affixed to or included in the prospectus that the applicant can remove to send for a Statement of Additional Information;

14

NAT VAROOM II    April 2017

(c) to deliver any Statement of Additional Information and any financial statements required to be made available under this Form, including the WSLIC financial statements, promptly upon written or oral request; and

(d) to update the registration statement if WSLIC terminates its guarantee to National Integrity policyholders.

During any time there are insurance obligations outstanding and covered by its guarantee (Guarantee) issued by WSLIC, filed as an exhibit to this registration statement, National Integrity hereby undertakes to provide notice to contract owners promptly after the happening of significant events related to the Guarantee. These significant events include: (i) termination of the Guarantee that has a material adverse effect on the contract owner's rights under the Guarantee; (ii) a default under the Guarantee that has a material adverse effect on the contract owner's rights under the Guarantee; or (iii) the insolvency of WSLIC.

Pursuant to Section 26(f) of the Investment Company Act of 1940, as amended, National Integrity represents that the aggregate charges under the variable annuity contract described in this Registration Statement are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by National Integrity.

National Integrity represents that it recognizes the requirements of Section 17(h) of the Investment Company Act of 1940, specifically that it shall not protect or purport to protect any director or officer of the Registrant or Depositor against any liability to them or to their security holders to which he would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his office.

15

NAT VAROOM II    April 2017

SIGNATURES

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, the Depositor and the Guarantor, certify that they meet all of the requirements for effectiveness of this post-effective amendment to their Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and have duly caused this amendment to the Registration Statement to be signed on their behalf, in the City of Cincinnati and State of Ohio on this 25^th day of April 2017.

SEPARATE ACCOUNT I OF

NATIONAL INTEGRITY LIFE INSURANCE COMPANY

(Registrant)

By: National Integrity Life Insurance Company

(Depositor)

By:	/s/ Jill T. McGruder
	Jill T. McGruder, President and CEO

NATIONAL INTEGRITY LIFE INSURANCE COMPANY

(Depositor)

By:	/s/ Jill T. McGruder
	Jill T. McGruder, President and CEO

THE WESTERN AND SOUTHERN LIFE INSURANCE COMPANY

(Guarantor)

By:	/s/ John F. Barrett
	John F. Barrett, Chairman, President and CEO

NAT VAROOM II    April 2017

SIGNATURES

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Depositor has duly caused this amendment to the Registration Statement to be signed on its behalf, in the City of Cincinnati and State of Ohio on this 25^th day of April 2017.

NATIONAL INTEGRITY LIFE INSURANCE COMPANY

(Depositor)

By:	/s/ Jill T. McGruder
	Jill T. McGruder, President and CEO

The following persons, in the capacities and on the dates indicated, have signed this amendment to the Registration Statement as required by the Securities Act of 1933:

PRINCIPAL EXECUTIVE OFFICER:	/s/ Jill T. McGruder
	Jill T. McGruder, President and CEO
	April 25, 2017
PRINCIPAL FINANCIAL OFFICER:	/s/ Bradley J. Hunkler
	Bradley J. Hunkler, Senior Vice President and Chief Financial Officer
	April 25, 2017
PRINCIPAL ACCOUNTING OFFICER:	/s/ Wade M. Fugate
	Wade M. Fugate, Vice President and Controller
	April 25, 2017

DIRECTORS:

/s/ John F. Barrett	/s/ Jill T. McGruder
John F. Barrett	Jill T. McGruder
April 25, 2017	April 25, 2017
/s/ Edward J. Babbitt	/s/ Jonathan D. Niemeyer
Edward J. Babbitt	Jonathan D. Niemeyer
April 25, 2017	April 25, 2017
/s/ Daniel J. Downing	/s/ Donald J. Wuebbling
Daniel J. Downing	Donald J. Wuebbling
April 25, 2017	April 25, 2017

NAT VAROOM II    April 2017

SIGNATURES

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Guarantor has duly caused this amendment to the Registration Statement to be signed on its behalf, in the City of Cincinnati and State of Ohio on this 25^th day of April 2017.

THE WESTERN AND SOUTHERN LIFE INSURANCE COMPANY

(Guarantor)

By:	/s/ John F. Barrett
	John F. Barrett, Chairman, President and CEO

PRINCIPAL EXECUTIVE OFFICER:	/s/ John F. Barrett
	John F. Barrett, Chairman, President and CEO
	April 25, 2017
PRINCIPAL FINANCIAL OFFICER:	/s/ Bradley J. Hunkler
	Bradley J. Hunkler, Senior Vice President and Chief Financial Officer
	April 25, 2017
PRINCIPAL ACCOUNTING OFFICER:	/s/ Wade M. Fugate
	Wade M. Fugate, Vice President and Controller
	April 25, 2017

DIRECTORS:

/s/ John F. Barrett	/s/ Bradley J. Hunkler
John F. Barrett	Bradley J. Hunkler, Attorney-in-Fact for Jo Ann Davidson
April 25, 2017
	April 25, 2017
/s/ Bradley J. Hunkler	/s/ Bradley J. Hunkler
Bradley J. Hunkler, Attorney-in-Fact for James N. Clark	Bradley J. Hunkler, Attorney-in-Fact for George H. Walker, III
April 25, 2017	April 25, 2017
	/s/ Bradley J. Hunkler
	Bradley J. Hunkler, Attorney-in-Fact for Thomas L. Williams
	April 25, 2017