<ARTICLE> 7
<LEGEND>
This schedule contains summary financial information extracted from Nationwide
Life Insurance Company's Quarterly Report on Form 10-Q for the Quarter ended
June 30, 1999, and is qualified in its entirety by reference to such unaudited
consolidated financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000,000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<DEBT-HELD-FOR-SALE>                            14,138
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                         125
<MORTGAGE>                                       5,395
<REAL-ESTATE>                                      241
<TOTAL-INVEST>                                  20,687
<CASH>                                               1
<RECOVER-REINSURE>                                   0
<DEFERRED-ACQUISITION>                           2,311
<TOTAL-ASSETS>                                  81,830
<POLICY-LOSSES>                                 20,099
<UNEARNED-PREMIUMS>                                  0
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                                0
<NOTES-PAYABLE>                                      0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             4
<OTHER-SE>                                       2,767
<TOTAL-LIABILITY-AND-EQUITY>                    81,830
<PREMIUMS>                                         102
<INVESTMENT-INCOME>                                735
<INVESTMENT-GAINS>                                (14)
<OTHER-INCOME>                                      40
<BENEFITS>                                         626
<UNDERWRITING-AMORTIZATION>                        128
<UNDERWRITING-OTHER>                               213
<INCOME-PRETAX>                                    300
<INCOME-TAX>                                       100
<INCOME-CONTINUING>                                199
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       199
<EPS-BASIC>                                       0.00
<EPS-DILUTED>                                     0.00
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0