# EDGAR Filing Document

**Accession Number:** 0000826734
**File Stem:** 0000826734-26-000054
**Filing Date:** 2026-4
**Character Count:** 346738
**Document Hash:** ed034921975e06800a016dd766461d97
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000826734-26-000054.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0000826734-26-000054

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**EFFECTIVENESS DATE**: 20260427

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORTITUDE LIFE INSURANCE & ANNUITY Co VARIABLE ACCOUNT B
- **CENTRAL INDEX KEY:** 0000826734

**ORGANIZATION NAME:**
- **EIN:** 061241288
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05438
- **FILM NUMBER:** 26900157

**BUSINESS ADDRESS:**
- **STREET 1:** 10 EXCHANGE PLACE
- **STREET 2:** 22ND FLOOR
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07302
- **BUSINESS PHONE:** 615-981-8801

**MAIL ADDRESS:**
- **STREET 1:** 10 EXCHANGE PLACE
- **STREET 2:** 22ND FLOOR
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07302

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL ANNUITIES LIFE ASSURANCE CORP VARIABLE ACCOUNT B
- **DATE OF NAME CHANGE:** 20080102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN SKANDIA LIFE ASSUR CORP VAR ACCT B CL 1 SUB ACCTS
- **DATE OF NAME CHANGE:** 19950424

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN SKANDIA LIFE ASSURANCE CORP
- **DATE OF NAME CHANGE:** 19891121

## Series and Classes Contracts Data

### FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VAR ACCT B (Series ID: S000001297)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000003474 | Advanced Series Advisor Plan III            |  |
| C000003475 | Advanced Series Advisor Plan II             |  |
| C000003476 | Advanced Series XTra Credit                 |  |
| C000003477 | ASXT 4                                      |  |
| C000003478 | ASL                                         |  |
| C000003479 | AS Pro                                      |  |
| C000003480 | Wells VA+                                   |  |
| C000003481 | Wells Apex                                  |  |
| C000003482 | AS Impact                                   |  |
| C000003483 | Galaxy 3                                    |  |
| C000003484 | APEX                                        |  |
| C000003485 | Advanced Series Advisors Choice 2000        |  |
| C000003486 | Advanced Series APEX II                     |  |
| C000003487 | Advanced Series LifeVest II                 |  |
| C000003489 | VIA-T                                       |  |
| C000003490 | VIA-S                                       |  |
| C000003491 | VIA-G                                       |  |
| C000003492 | ASAP I                                      |  |
| C000010674 | Stagecoach APEX                             |  |
| C000010675 | Optimum                                     |  |
| C000010676 | Optimum Plus                                |  |
| C000010677 | Optimum Four                                |  |
| C000010678 | Stagecoach APEX II                          |  |
| C000010679 | Stagecoach Advanced Series Advisor Plan III |  |
| C000010680 | Stagecoach XTra Credit SIX                  |  |
| C000010681 | Stagecoach Extra Credit                     |  |
| C000010682 | Stagecoarch Variable                        |  |
| C000010683 | Stagecoach Variable Annuity Flex            |  |
| C000010684 | Stagecoach Variable Annuity Plus W95        |  |
| C000010685 | Stagecoach Variable Annuity Plus W99        |  |
| C000010694 | Advanced Series LifeVest II Premier         |  |
| C000010695 | Xtra Credit Four Premier                    |  |
| C000010696 | Advanced Series Advisor Plan II Premier     |  |
| C000010697 | Lifevest Premier                            |  |
| C000010698 | Advanced Series XTra Credit Premier         |  |
| C000010699 | Harvester Variable Annuity                  |  |
| C000010700 | Harvester XTra Credit                       |  |
| C000065279 | Advanced Series XTra Credit Eight           |  |
| C000067859 | Optimum XTRA                                |  |
| C000069380 | Advanced Series Cornerstone                 |  |
| C000211541 | Personal Security Annuity                   |  |
| C000218665 | FlexGuard B Series                          |  |
| C000226913 | FlexGuard Income B Series                   |  |
| C000227712 | ADVISORS CHOICE ADVISORS SELECT             |  |
| C000227713 | Alliance Capital Navigator Annuity          |  |
| C000227714 | ADVANCED SERIES XTRA CREDITSM SIX PREMIER   |  |

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Growth Portfolio** | **AST Government Money Market Portfolio** | **AST Cohen & Steers Realty Portfolio\*\*** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST High Yield Portfolio\*\*** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $1781071891 | $454127042 | $— | $608550344 | $— |
| &nbsp;&nbsp;&nbsp;Net Assets | $1781071891 | $454127042 | $— | $608550344 | $— |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $1776114126 | $453992881 | $— | $608521207 | $— |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period | 4957765 | 134161 |  | 29137 |  |
|  | $1781071891 | $454127042 | $— | $608550344 | $— |
| &nbsp;&nbsp;&nbsp;Units outstanding | 16926800 | 37045963 |  | 20726190 |  |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 16125594 | 454127042 |  | 22340321 |  |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $110.45 | $1.00 | $— | $27.24 | $— |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $1036758092 | $454127042 | $— | $499236058 | $— |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Growth Portfolio** | **AST Government Money Market Portfolio** | **AST Cohen & Steers Realty Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST High Yield Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**2/7/2025\*\*** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— | $17078397 | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 22794067 | 5539210 | 61879 | 7425223 | 111858 |
| **NET INVESTMENT INCOME (LOSS)** | (22794067) | 11539187 | (61879) | (7425223) | (111858) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 162680518 |  | 11896728 | 17241722 | 12076484 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 111765836 |  | (10535771) | 40538073 | (10791421) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 274446354 |  | 1360957 | 57779795 | 1285063 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $251652287 | $11539187 | $1299078 | $50354572 | $1173205 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A1

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Value Portfolio** | **AST Small-Cap Equity Portfolio** | **AST T. Rowe Price Natural Resources Portfolio\*\*** | **AST MFS Global Equity Portfolio\*\*** | **AST International Equity Portfolio** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $982475597 | $479987536 | $— | $— | $474846769 |
| &nbsp;&nbsp;&nbsp;Net Assets | $982475597 | $479987536 | $— | $— | $474846769 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $977370591 | $478606314 | $— | $— | $473687106 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period | 5105006 | 1381222 |  |  | 1159663 |
|  | $982475597 | $479987536 | $— | $— | $474846769 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 18560456 | 7431489 |  |  | 9933513 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 16098240 | 5574768 |  |  | 13308486 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $61.03 | $86.10 | $— | $— | $35.68 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $773037010 | $424814157 | $— | $— | $315349655 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Value Portfolio** | **AST Small-Cap Equity Portfolio** | **AST T. Rowe Price Natural Resources Portfolio** | **AST MFS Global Equity Portfolio** | **AST International Equity Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— | $— | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 12813782 | 6039037 | 50270 | 92895 | 5999427 |
| **NET INVESTMENT INCOME (LOSS)** | (12813782) | (6039037) | (50270) | (92895) | (5999427) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 27872292 | 12351627 | 9716257 | 28902150 | 30874731 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 113408862 | 19565842 | (3819128) | (25218756) | 96106486 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 141281154 | 31917469 | 5897129 | 3683394 | 126981217 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $128467372 | $25878432 | $5846859 | $3590499 | $120981790 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A2

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Aggressive Asset Allocation Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $3176861171 | $781718216 | $4069046282 | $736960962 | $361112599 |
| &nbsp;&nbsp;&nbsp;Net Assets | $3176861171 | $781718216 | $4069046282 | $736960962 | $361112599 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $3176434992 | $781381492 | $4069030317 | $736960962 | $361112599 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period | 426179 | 336724 | 15965 |  |  |
|  | $3176861171 | $781718216 | $4069046282 | $736960962 | $361112599 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 98722827 | 41837380 | 144350814 | 35127521 | 15417496 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 84378783 | 35468159 | 126998948 | 31108525 | 13489451 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $37.65 | $22.04 | $32.04 | $23.69 | $26.77 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $1716547302 | $610976358 | $3321099344 | $579812945 | $263916447 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Aggressive Asset Allocation Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— | $— | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 43194754 | 10607362 | 51209129 | 10118592 | 4147408 |
| **NET INVESTMENT INCOME (LOSS)** | (43194754) | (10607362) | (51209129) | (10118592) | (4147408) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 307685273 | 34446134 | 298103323 | 38899537 | 21433622 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 160739123 | 61534237 | 233643992 | 39489128 | 19361423 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 468424396 | 95980371 | 531747315 | 78388665 | 40795045 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $425229642 | $85373009 | $480538186 | $68270073 | $36647637 |

---

**The accompanying notes are an integral part of these financial statements.**

A3

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Core Fixed Income Portfolio** | **Davis Equity Portfolio** | **Columbia Variable Portfolio - Small Company Growth Fund (Class 1)** | **ProFund VP Asia 30** | **ProFund VP Banks** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $1358140726 | $1080128 | $524453 | $3480734 | $3378705 |
| &nbsp;&nbsp;&nbsp;Net Assets | $1358140726 | $1080128 | $524453 | $3480734 | $3378705 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $1353757743 | $1080128 | $524453 | $3480734 | $3378705 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period | 4382983 |  |  |  |  |
|  | $1358140726 | $1080128 | $524453 | $3480734 | $3378705 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 97993606 | 24063 | 5163 | 119629 | 239118 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 94446504 | 172269 | 35010 | 74838 | 94774 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $14.38 | $6.27 | $14.98 | $46.51 | $35.65 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $1260257847 | $1130928 | $509952 | $3325787 | $3304857 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Core Fixed Income Portfolio** | **Davis Equity Portfolio** | **Columbia Variable Portfolio - Small Company Growth Fund (Class 1)** | **ProFund VP Asia 30** | **ProFund VP Banks** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— | $10230 | $— | $166385 | $37499 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 16991981 | 13800 | 4695 | 48686 | 34336 |
| **NET INVESTMENT INCOME (LOSS)** | (16991981) | (3570) | (4695) | 117699 | 3163 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 154904 | 60346 |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (5575524) | (48362) | (6277) | 542554 | 152087 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 98281676 | 122232 | 41754 | 67003 | 114667 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 92706152 | 228774 | 95823 | 609557 | 266754 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $75714171 | $225204 | $91128 | $727256 | $269917 |

---

**The accompanying notes are an integral part of these financial statements.**

A4

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Bear** | **ProFund VP Biotechnology** | **ProFund VP Materials** | **ProFund VP UltraBull** | **ProFund VP Bull** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $993994 | $5457245 | $3623750 | $8798752 | $14003737 |
| &nbsp;&nbsp;&nbsp;Net Assets | $993994 | $5457245 | $3623750 | $8798752 | $14003737 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $993962 | $5457245 | $3623750 | $8798752 | $14003737 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period | 32 |  |  |  |  |
|  | $993994 | $5457245 | $3623750 | $8798752 | $14003737 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 1823661 | 97299 | 112278 | 104876 | 296996 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 108990 | 109738 | 46298 | 193379 | 218672 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $9.12 | $49.73 | $78.27 | $45.50 | $64.04 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $1176558 | $4429314 | $3838147 | $7858958 | $13698014 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Bear** | **ProFund VP Biotechnology** | **ProFund VP Materials** | **ProFund VP UltraBull** | **ProFund VP Bull** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $29957 | $— | $8293 | $57450 | $58050 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 11697 | 50886 | 43112 | 102197 | 194266 |
| **NET INVESTMENT INCOME (LOSS)** | 18260 | (50886) | (34819) | (44747) | (136216) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 337813 | 491527 | 1038041 | 741898 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (50593) | (1437839) | 86275 | 1289103 | 1335754 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (138363) | 2476681 | (325653) | (654891) | (198608) |
| **NET GAIN (LOSS) ON INVESTMENTS** | (188956) | 1376655 | 252149 | 1672253 | 1879044 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $(170696) | $1325769 | $217330 | $1627506 | $1742828 |

---

**The accompanying notes are an integral part of these financial statements.**

A5

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Staples** | **ProFund VP Energy** | **ProFund VP Europe 30** | **ProFund VP Financials** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $6786926 | $6066494 | $7405657 | $4384713 | $8886396 |
| &nbsp;&nbsp;&nbsp;Net Assets | $6786926 | $6066494 | $7405657 | $4384713 | $8886396 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $6786926 | $6066494 | $7384273 | $4382066 | $8886396 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period |  |  | 21384 | 2647 |  |
|  | $6786926 | $6066494 | $7405657 | $4384713 | $8886396 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 158404 | 203267 | 270833 | 215189 | 354160 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 93989 | 215124 | 201514 | 139953 | 150566 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $72.21 | $28.20 | $36.75 | $31.33 | $59.02 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $6172835 | $6733065 | $7887268 | $3798738 | $7507189 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Staples** | **ProFund VP Energy** | **ProFund VP Europe 30** | **ProFund VP Financials** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— | $56234 | $168016 | $97321 | $681 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 99195 | 83427 | 96927 | 54957 | 129410 |
| **NET INVESTMENT INCOME (LOSS)** | (99195) | (27193) | 71089 | 42364 | (128729) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 510115 | 618797 | 937596 | 136812 | 136841 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 296824 | (1314969) | (960686) | 408761 | 891833 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (532776) | 615106 | 259197 | 413680 | 9757 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 274163 | (81066) | 236107 | 959253 | 1038431 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $174968 | $(108259) | $307196 | $1001617 | $909702 |

---

**The accompanying notes are an integral part of these financial statements.**

A6

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP U.S. Government Plus** | **ProFund VP Health Care** | **ProFund Access VP High Yield Fund** | **ProFund VP Industrials** | **ProFund VP Internet** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $1811981 | $16636252 | $1988890 | $6348374 | $6444587 |
| &nbsp;&nbsp;&nbsp;Net Assets | $1811981 | $16636252 | $1988890 | $6348374 | $6444587 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $1811981 | $16594288 | $1988890 | $6348374 | $6444587 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period |  | 41964 |  |  |  |
|  | $1811981 | $16636252 | $1988890 | $6348374 | $6444587 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 147202 | 429340 | 83385 | 131974 | 43333 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 172078 | 262401 | 76940 | 62539 | 223228 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $10.53 | $63.40 | $25.85 | $101.51 | $28.87 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $1905457 | $17310825 | $1884357 | $5669956 | $5113279 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP U.S. Government Plus** | **ProFund VP Health Care** | **ProFund Access VP High Yield Fund** | **ProFund VP Industrials** | **ProFund VP Internet** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $63923 | $708 | $48068 | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 26575 | 220233 | 25533 | 85786 | 79511 |
| **NET INVESTMENT INCOME (LOSS)** | 37348 | (219525) | 22535 | (85786) | (79511) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 1828963 |  | 148618 | 56711 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (256521) | (929737) | (19517) | 247494 | 746748 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 109151 | 1132903 | 99613 | 553434 | (196422) |
| **NET GAIN (LOSS) ON INVESTMENTS** | (147370) | 2032129 | 80096 | 949546 | 607037 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $(110022) | $1812604 | $102631 | $863760 | $527526 |

---

**The accompanying notes are an integral part of these financial statements.**

A7

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Japan** | **ProFund VP Precious Metals** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Value** | **ProFund VP Pharmaceuticals** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $3003565 | $16783819 | $11899599 | $8555142 | $1576092 |
| &nbsp;&nbsp;&nbsp;Net Assets | $3003565 | $16783819 | $11899599 | $8555142 | $1576092 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $3003565 | $16760363 | $11899599 | $8555142 | $1576092 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period |  | 23456 |  |  |  |
|  | $3003565 | $16783819 | $11899599 | $8555142 | $1576092 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 94140 | 702591 | 289171 | 212612 | 65059 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 42884 | 261471 | 311263 | 200637 | 38564 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $70.04 | $64.19 | $38.23 | $42.64 | $40.87 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $2792705 | $12477846 | $12005816 | $8536932 | $1341475 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Japan** | **ProFund VP Precious Metals** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Value** | **ProFund VP Pharmaceuticals** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $121989 | $260703 | $— | $23088 | $3327 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 32790 | 146753 | 160595 | 109621 | 16707 |
| **NET INVESTMENT INCOME (LOSS)** | 89199 | 113950 | (160595) | (86533) | (13380) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 454569 |  | 1101166 | 660322 |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (184391) | 4885673 | (89100) | 90078 | 120664 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 319487 | 5292354 | (360244) | (321008) | 294384 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 589665 | 10178027 | 651822 | 429392 | 415048 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $678864 | $10291977 | $491227 | $342859 | $401668 |

---

**The accompanying notes are an integral part of these financial statements.**

A8

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Real Estate** | **ProFund VP Rising Rates Opportunity** | **ProFund VP Nasdaq-100** | **ProFund VP Semiconductor** | **ProFund VP Small-Cap Growth** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $3877050 | $1573875 | $30105516 | $20877417 | $8657279 |
| &nbsp;&nbsp;&nbsp;Net Assets | $3877050 | $1573875 | $30105516 | $20877417 | $8657279 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $3877050 | $1573875 | $29969036 | $20877417 | $8657279 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period |  |  | 136480 |  |  |
|  | $3877050 | $1573875 | $30105516 | $20877417 | $8657279 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 126267 | 964827 | 450694 | 162107 | 204716 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 83593 | 60026 | 433111 | 524032 | 295168 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $46.38 | $26.22 | $69.51 | $39.84 | $29.33 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $4005192 | $1685631 | $27419791 | $20881266 | $8661471 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Real Estate** | **ProFund VP Rising Rates Opportunity** | **ProFund VP Nasdaq-100** | **ProFund VP Semiconductor** | **ProFund VP Small-Cap Growth** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $60637 | $63228 | $114001 | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 53956 | 22764 | 384653 | 236589 | 124932 |
| **NET INVESTMENT INCOME (LOSS)** | 6681 | 40464 | (270652) | (236589) | (124932) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 110613 | 1992384 | 9211649 | 742774 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 110334 | (124410) | 2286764 | (2326040) | 139396 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (155397) | (38005) | 848189 | (721138) | (552059) |
| **NET GAIN (LOSS) ON INVESTMENTS** | (45063) | (51802) | 5127337 | 6164471 | 330111 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $(38382) | $(11338) | $4856685 | $5927882 | $205179 |

---

**The accompanying notes are an integral part of these financial statements.**

A9

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Short Mid-Cap** | **ProFund VP Short Nasdaq-100** | **ProFund VP Short Small-Cap** | **ProFund VP Small-Cap Value** | **ProFund VP Technology** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $32196 | $150023 | $87907 | $6312864 | $9156420 |
| &nbsp;&nbsp;&nbsp;Net Assets | $32196 | $150023 | $87907 | $6312864 | $9156420 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $32196 | $150023 | $87907 | $6312864 | $9156420 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period |  |  |  |  |  |
|  | $32196 | $150023 | $87907 | $6312864 | $9156420 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 62189 | 1178468 | 174457 | 195976 | 164661 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 5523 | 19897 | 5180 | 140692 | 121261 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $5.83 | $7.54 | $16.97 | $44.87 | $75.51 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $32159 | $152011 | $89728 | $5920130 | $8777689 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Short Mid-Cap** | **ProFund VP Short Nasdaq-100** | **ProFund VP Short Small-Cap** | **ProFund VP Small-Cap Value** | **ProFund VP Technology** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $1075 | $20440 | $4804 | $22391 | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 478 | 4703 | 1787 | 83812 | 96885 |
| **NET INVESTMENT INCOME (LOSS)** | 597 | 15737 | 3017 | (61421) | (96885) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  | 287145 | 1811143 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (12979) | (107928) | (23268) | 13226 | 692361 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (1014) | 20254 | (2463) | (14230) | (767397) |
| **NET GAIN (LOSS) ON INVESTMENTS** | (13993) | (87674) | (25731) | 286141 | 1736107 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $(13396) | $(71937) | $(22714) | $224720 | $1639222 |

---

**The accompanying notes are an integral part of these financial statements.**

A10

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Communication Services** | **ProFund VP UltraMid-Cap** | **ProFund VP UltraNasdaq-100** | **ProFund VP UltraSmall-Cap** | **ProFund VP Utilities** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $4238132 | $5732888 | $92238572 | $2881317 | $11154995 |
| &nbsp;&nbsp;&nbsp;Net Assets | $4238132 | $5732888 | $92238572 | $2881317 | $11154995 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $4238132 | $5727856 | $92238572 | $2881317 | $11154995 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period |  | 5032 |  |  |  |
|  | $4238132 | $5732888 | $92238572 | $2881317 | $11154995 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 221862 | 84484 | 1460953 | 88975 | 315817 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 69284 | 137876 | 1808954 | 170089 | 222300 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $61.17 | $41.58 | $50.99 | $16.94 | $50.18 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $3619502 | $5510234 | $50179402 | $2848214 | $9667916 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Communication Services** | **ProFund VP UltraMid-Cap** | **ProFund VP UltraNasdaq-100** | **ProFund VP UltraSmall-Cap** | **ProFund VP Utilities** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— | $53969 | $187985 | $26446 | $160862 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 62043 | 61836 | 807650 | 34497 | 159007 |
| **NET INVESTMENT INCOME (LOSS)** | (62043) | (7867) | (619665) | (8051) | 1855 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  | 8257211 |  | 5186 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 977380 | (119396) | 11496029 | (24472) | 715990 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (195875) | 118597 | 1446129 | 271979 | 569965 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 781505 | (799) | 21199369 | 247507 | 1291141 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $719462 | $(8666) | $20579704 | $239456 | $1292996 |

---

**The accompanying notes are an integral part of these financial statements.**

A11

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Value** | **Rydex VT Nova Fund** | **Rydex VT NASDAQ-100® Fund** | **Rydex VT Inverse S&P 500® Strategy Fund** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $23394632 | $9888399 | $1797277 | $10791762 | $6886 |
| &nbsp;&nbsp;&nbsp;Net Assets | $23394632 | $9888399 | $1797277 | $10791762 | $6886 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $23298726 | $9888399 | $1797277 | $10791762 | $6886 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period | 95906 |  |  |  |  |
|  | $23394632 | $9888399 | $1797277 | $10791762 | $6886 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 379258 | 326447 | 38126 | 171355 | 10887 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 314233 | 208352 | 6985 | 111566 | 75 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $74.45 | $47.46 | $257.32 | $96.73 | $91.61 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $20621194 | $10033324 | $753863 | $5387074 | $11753 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Value** | **Rydex VT Nova Fund** | **Rydex VT NASDAQ-100® Fund** | **Rydex VT Inverse S&P 500® Strategy Fund** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— | $63663 | $— | $3274 | $676 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 317647 | 143028 | 22752 | 145412 | 105 |
| **NET INVESTMENT INCOME (LOSS)** | (317647) | (79365) | (22752) | (142138) | 571 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 2000856 | 1213576 |  | 595229 |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 2551249 | 10047 | 89821 | 966688 | (144) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (614366) | (196769) | 221582 | 266182 | (1442) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 3937739 | 1026854 | 311403 | 1828099 | (1586) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $3620092 | $947489 | $288651 | $1685961 | $(1015) |

---

**The accompanying notes are an integral part of these financial statements.**

A12

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Invesco V.I. Health Care Fund (Series I)** | **Invesco V.I. Technology Fund (Series I)** | **Allspring VT Index Asset Allocation Fund (Class 2)** | **Allspring VT Small Cap Growth Fund (Class 2)** | **AST PGIM Aggressive Multi-Asset Portfolio** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $15688412 | $22172151 | $14426626 | $901411 | $2685937498 |
| &nbsp;&nbsp;&nbsp;Net Assets | $15688412 | $22172151 | $14426626 | $901411 | $2685937498 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $15651101 | $22167157 | $14426626 | $901411 | $2685616828 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period | 37311 | 4994 |  |  | 320670 |
|  | $15688412 | $22172151 | $14426626 | $901411 | $2685937498 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 328751 | 632917 | 179408 | 21060 | 107776635 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 524871 | 863065 | 721331 | 93897 | 93554075 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $29.89 | $25.69 | $20.00 | $9.60 | $28.71 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $14663418 | $16955188 | $13933188 | $949300 | $1868309499 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Invesco V.I. Health Care Fund (Series I)** | **Invesco V.I. Technology Fund (Series I)** | **Allspring VT Index Asset Allocation Fund (Class 2)** | **Allspring VT Small Cap Growth Fund (Class 2)** | **AST PGIM Aggressive Multi-Asset Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— | $— | $176221 | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 189175 | 270668 | 200615 | 12133 | 31683905 |
| **NET INVESTMENT INCOME (LOSS)** | (189175) | (270668) | (24394) | (12133) | (31683905) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 603678 | 2366603 | 1220024 | 49925 |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 140634 | (801476) | 428390 | (7195) | 137592608 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 1380873 | 2359832 | (279871) | 35030 | 237849502 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 2125185 | 3924959 | 1368543 | 77760 | 375442110 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $1936010 | $3654291 | $1344149 | $65627 | $343758205 |

---

**The accompanying notes are an integral part of these financial statements.**

A13

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Multi-Asset Diversified Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Emerging Markets Equity Portfolio\*\*** | **Allspring VT Discovery All Cap Growth Fund (Class 2)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $968220680 | $1984756165 | $— | $1781359 | $13071428 |
| &nbsp;&nbsp;&nbsp;Net Assets | $968220680 | $1984756165 | $— | $1781359 | $13071428 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $968220680 | $1984756165 | $— | $1781359 | $13056875 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period |  |  |  |  | 14553 |
|  | $968220680 | $1984756165 | $— | $1781359 | $13071428 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 33552496 | 105830744 |  | 30166 | 218614 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 29023402 | 206101367 |  | 85396 | 568818 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $33.36 | $9.63 | $— | $20.86 | $22.98 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $601162157 | $1854176801 | $— | $2093524 | $14672879 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Multi-Asset Diversified Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Emerging Markets Equity Portfolio** | **Allspring VT Discovery All Cap Growth Fund (Class 2)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/10/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— | $— | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 12698320 | 29917640 | 16554 | 23916 | 171874 |
| **NET INVESTMENT INCOME (LOSS)** | (12698320) | (29917640) | (16554) | (23916) | (171874) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  | 586837 | 4259798 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 61797858 | 175016267 | 5045181 | (15528) | (1038382) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 75073347 | 9656029 | (5814485) | (333306) | (1412581) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 136871205 | 184672296 | (769304) | 238003 | 1808835 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $124172885 | $154754656 | $(785858) | $214087 | $1636961 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A14

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Allspring VT Small Cap Growth Fund (Class 1)** | **AST Quantitative Modeling Portfolio** | **Invesco V.I. Diversified Dividend Fund (Series I)** | **Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)** | **Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $9616488 | $29314096 | $15618778 | $114852 | $7118326 |
| &nbsp;&nbsp;&nbsp;Net Assets | $9616488 | $29314096 | $15618778 | $114852 | $7118326 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $9592898 | $29314096 | $15601561 | $114852 | $7118326 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period | 23590 |  | 17217 |  |  |
|  | $9616488 | $29314096 | $15618778 | $114852 | $7118326 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 241764 | 1166398 | 472216 | 10178 | 108812 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 929129 | 962064 | 573798 | 12271 | 125190 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $10.35 | $30.47 | $27.22 | $9.36 | $56.86 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $10365936 | $17789953 | $14830399 | $123344 | $1433218 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Allspring VT Small Cap Growth Fund (Class 1)** | **AST Quantitative Modeling Portfolio** | **Invesco V.I. Diversified Dividend Fund (Series I)** | **Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)** | **Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— | $— | $246161 | $2635 | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 121389 | 370661 | 192234 | 1168 | 68477 |
| **NET INVESTMENT INCOME (LOSS)** | (121389) | (370661) | 53927 | 1467 | (68477) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 509762 |  | 1176975 |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 87960 | 3510531 | 276364 | (1338) | 714594 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 247999 | 452719 | 525297 | 8882 | 323838 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 845721 | 3963250 | 1978636 | 7544 | 1038432 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $724332 | $3592589 | $2032563 | $9011 | $969955 |

---

**The accompanying notes are an integral part of these financial statements.**

A15

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 2)** | **AST ClearBridge Dividend Growth Portfolio\*\*** | **Columbia Variable Portfolio - Government Money Market Fund (Class 1)** | **Columbia Variable Portfolio - Income Opportunities Fund (Class 1)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $1932016 | $4669665 | $— | $2153477 | $50117 |
| &nbsp;&nbsp;&nbsp;Net Assets | $1932016 | $4669665 | $— | $2153477 | $50117 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $1932016 | $4669665 | $— | $2153477 | $50117 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period |  |  |  |  |  |
|  | $1932016 | $4669665 | $— | $2153477 | $50117 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 42846 | 107382 |  | 203021 | 3206 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 75264 | 181699 |  | 2153477 | 7403 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $25.67 | $25.70 | $— | $1.00 | $6.77 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $1858308 | $4545228 | $— | $2153477 | $47695 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 2)** | **AST ClearBridge Dividend Growth Portfolio** | **Columbia Variable Portfolio - Government Money Market Fund (Class 1)** | **Columbia Variable Portfolio - Income Opportunities Fund (Class 1)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $6291 | $2502 | $— | $90771 | $1020 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 28961 | 66861 | 52431 | 23293 | 678 |
| **NET INVESTMENT INCOME (LOSS)** | (22670) | (64359) | (52431) | 67478 | 342 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 216158 | 504082 |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (13958) | 65954 | 16649615 |  | (17974) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (87545) | (273632) | (14323994) |  | 22467 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 114655 | 296404 | 2325621 |  | 4493 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $91985 | $232045 | $2273190 | $67478 | $4835 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A16

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Equity Portfolio** | **AST Bond Portfolio 2025\*\*** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2027** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $483565464 | $— | $20401787 | $29826249 | $15220957 |
| &nbsp;&nbsp;&nbsp;Net Assets | $483565464 | $— | $20401787 | $29826249 | $15220957 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $481615086 | $— | $20401787 | $29826249 | $15220957 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period | 1950378 |  |  |  |  |
|  | $483565464 | $— | $20401787 | $29826249 | $15220957 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 12569407 |  | 1957493 | 2933872 | 1056150 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 10801105 |  | 1598886 | 2442772 | 1041105 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $44.77 | $— | $12.76 | $12.21 | $14.62 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $417925839 | $— | $19422905 | $27206136 | $12525574 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Equity Portfolio** | **AST Bond Portfolio 2025** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2027** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— | $— | $— | $— | $42416 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 5316723 | 148417 | 387885 | 612335 | 178722 |
| **NET INVESTMENT INCOME (LOSS)** | (5316723) | (148417) | (387885) | (612335) | (136306) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 22205925 | 969674 | 563161 | 26387 | (14927) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 28285246 | (684993) | 571907 | 1903162 | 4160246 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 50491171 | 284681 | 1135068 | 1929549 | 4145319 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $45174448 | $136264 | $747183 | $1317214 | $4009013 |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A17

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2031** | **MFS® International Growth Portfolio (Service Class)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $43165459 | $318862 | $34771445 | $26907843 | $790121 |
| &nbsp;&nbsp;&nbsp;Net Assets | $43165459 | $318862 | $34771445 | $26907843 | $790121 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $43165459 | $318862 | $34771445 | $26907843 | $790121 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period |  |  |  |  |  |
|  | $43165459 | $318862 | $34771445 | $26907843 | $790121 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 4153967 | 31376 | 3255063 | 2965730 | 45295 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 3541055 | 26773 | 2907311 | 2682736 | 44893 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $12.19 | $11.91 | $11.96 | $10.03 | $17.60 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $41403476 | $286813 | $34183457 | $26049089 | $770736 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2031** | **MFS® International Growth Portfolio (Service Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— | $— | $— | $— | $4990 |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 826733 | 34993 | 574208 | 482484 | 6390 |
| **NET INVESTMENT INCOME (LOSS)** | (826733) | (34993) | (574208) | (482484) | (1400) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  | 36994 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (237738) | 262339 | (535745) | (913048) | 11186 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 3416471 | (112978) | 3314702 | 3207393 | 19605 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 3178733 | 149361 | 2778957 | 2294345 | 67785 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $2352000 | $114368 | $2204749 | $1811861 | $66385 |

---

**The accompanying notes are an integral part of these financial statements.**

A18

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Value Series (Service Class)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **Invesco V.I. Discovery Mid Cap Growth Fund (Series I)** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $2893575 | $1001141 | $5096522 | $32240143 | $8271175 |
| &nbsp;&nbsp;&nbsp;Net Assets | $2893575 | $1001141 | $5096522 | $32240143 | $8271175 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $2893575 | $1001141 | $5096522 | $32240143 | $8253759 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period |  |  |  |  | 17416 |
|  | $2893575 | $1001141 | $5096522 | $32240143 | $8271175 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 290592 | 66081 | 269839 | 2799243 | 504307 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 250743 | 44220 | 236278 | 3224014 | 109974 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $11.54 | $22.64 | $21.57 | $10.00 | $75.21 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $2885660 | $988704 | $4989721 | $32240143 | $7934766 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Value Series (Service Class)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **Invesco V.I. Discovery Mid Cap Growth Fund (Series I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $88502 | $28033 | $46115 | $1120861 | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 28912 | 14424 | 54376 | 1474 | 110068 |
| **NET INVESTMENT INCOME (LOSS)** | 59590 | 13609 | (8261) | 1119387 | (110068) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 82474 | 254792 |  | 697070 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 3067 | 7938 | 85199 |  | 83752 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 43417 | (407) | 153459 |  | (411054) |
| **NET GAIN (LOSS) ON INVESTMENTS** | 46484 | 90005 | 493450 |  | 369768 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $106074 | $103614 | $485189 | $1119387 | $259700 |

---

**The accompanying notes are an integral part of these financial statements.**

A19

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Global Bond Portfolio\*\*** | **AST Bond Portfolio 2032** | **AST Bond Portfolio 2033** | **AST Bond Portfolio 2034** | **AST Bond Portfolio 2035** |
| **ASSETS** | | | | | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $— | $32580781 | $— | $958081 | $1102915 |
| &nbsp;&nbsp;&nbsp;Net Assets | $— | $32580781 | $— | $958081 | $1102915 |
| **NET ASSETS,** representing: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $— | $32580781 | $— | $958081 | $1102915 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period |  |  |  |  |  |
|  | $— | $32580781 | $— | $958081 | $1102915 |
| &nbsp;&nbsp;&nbsp;Units outstanding |  | 4100927 |  | 90177 | 105800 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held |  | 3792873 |  | 86861 | 103366 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $— | $8.59 | $8.90 | $11.03 | $10.67 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $— | $32807718 | $— | $939813 | $1094781 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Global Bond Portfolio** | **AST Bond Portfolio 2032** | **AST Bond Portfolio 2033** | **AST Bond Portfolio 2034** | **AST Bond Portfolio 2035** |
| | **1/1/2025**<br>**to**<br>**2/7/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | | | | | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— | $— | $— | $— | $— |
| **EXPENSES** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 106317 | 513229 |  | 8993 | 11112 |
| **NET INVESTMENT INCOME (LOSS)** | (106317) | (513229) |  | (8993) | (11112) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 1719841 | (653560) |  | (29093) | (90952) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (1306444) | 3439296 |  | 31319 | 15448 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 413397 | 2785736 |  | 2226 | (75504) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $307080 | $2272507 | $— | $(6767) | $(86616) |

---

\*\*Subaccount was no longer available for investment as of the date presented in the Statement of Operations.

**The accompanying notes are an integral part of these financial statements.**

A20

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF NET ASSETS**

December 31, 2025

---

| | |
|:---|:---|
| | **SUBACCOUNT** |
| | **AST Bond Portfolio 2036** |
| **ASSETS** | |
| &nbsp;&nbsp;&nbsp;Investment in the portfolios, at fair value | $141173 |
| &nbsp;&nbsp;&nbsp;Net Assets | $141173 |
| **NET ASSETS,** representing: |  |
| &nbsp;&nbsp;&nbsp;Accumulation units | $141173 |
| &nbsp;&nbsp;&nbsp;Contracts in payout (annuitization) period |  |
|  | $141173 |
| &nbsp;&nbsp;&nbsp;Units outstanding | 13250 |
| &nbsp;&nbsp;&nbsp;Portfolio shares held | 13084 |
| &nbsp;&nbsp;&nbsp;Portfolio net asset value per share | $10.79 |
| &nbsp;&nbsp;&nbsp;Investment in portfolio shares, at cost | $140954 |

---

**STATEMENTS OF OPERATIONS**

For the period ended December 31, 2025

---

| | |
|:---|:---|
| | **SUBACCOUNT** |
| | **AST Bond Portfolio 2036** |
| | **1/2/2025\***<br>**to**<br>**12/31/2025** |
| **INVESTMENT INCOME** | |
| &nbsp;&nbsp;&nbsp;Dividend income | $— |
| **EXPENSES** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charges for mortality and expense risk, |  |
| &nbsp;&nbsp;&nbsp;&nbsp; and for administration | 257 |
| **NET INVESTMENT INCOME (LOSS)** | (257) |
| **NET REALIZED AND UNREALIZED GAIN (LOSS)** |  |
| &nbsp;&nbsp;&nbsp;**ON INVESTMENTS** |  |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 176 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 219 |
| **NET GAIN (LOSS) ON INVESTMENTS** | 395 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | $138 |

---

\*Date subaccount became available for investment.

**The accompanying notes are an integral part of these financial statements.**

A21

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Growth Portfolio** | **AST Government Money Market Portfolio** | **AST Cohen & Steers Realty Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST High Yield Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**2/7/2025\*\*** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(22794067) | $11539187 | $(61879) | $(7425223) | $(111858) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 162680518 |  | 11896728 | 17241722 | 12076484 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 111765836 |  | (10535771) | 40538073 | (10791421) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 251652287 | 11539187 | 1299078 | 50354572 | 1173205 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 1707265 | 2855843 | 2440 | 1057687 | 13647 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (5368752) | (3065228) | (3394) | (642046) | (70558) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (190030420) | (547045207) | (638143) | (70606274) | (998713) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (89417341) | 531307023 | (82977189) | 5104928 | (87907189) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 201576 | 33757 | 152 | 376 | 565 |
| &nbsp;&nbsp;&nbsp;Other charges | (7286870) | (727198) | (33535) | (5191185) | (38361) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (290194542) | (16641010) | (83649669) | (70276514) | (89000609) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (38542255) | (5101823) | (82350591) | (19921942) | (87827404) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1819614146 | 459228865 | 82350591 | 628472286 | 87827404 |
| &nbsp;&nbsp;&nbsp;End of period | $1781071891 | $454127042 | $— | $608550344 | $— |
| &nbsp;&nbsp;&nbsp;Beginning units | 19976480 | 37954653 | 1294839 | 23500575 | 2862688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 890993 | 23931458 | 14015 | 2800288 | 100448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (3940673) | (24840148) | (1308854) | (5574673) | (2963136) |
| &nbsp;&nbsp;&nbsp;Ending units | 16926800 | 37045963 |  | 20726190 |  |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A22

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Value Portfolio** | **AST Small-Cap Equity Portfolio** | **AST T. Rowe Price Natural Resources Portfolio** | **AST MFS Global Equity Portfolio** | **AST International Equity Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(12813782) | $(6039037) | $(50270) | $(92895) | $(5999427) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 27872292 | 12351627 | 9716257 | 28902150 | 30874731 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 113408862 | 19565842 | (3819128) | (25218756) | 96106486 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 128467372 | 25878432 | 5846859 | 3590499 | 120981790 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 1234370 | 459191 | 4222 | 2426 | 531613 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (4143824) | (2043416) | (165049) |  | (1646297) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (99002170) | (48940734) | (514310) | (856939) | (47362240) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (21579825) | 4290395 | (72316030) | (123177885) | 24451858 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 54423 | 21902 | 1230 | 17310 | 40496 |
| &nbsp;&nbsp;&nbsp;Other charges | (3937781) | (2290997) | (34705) | (49449) | (2289314) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (127374807) | (48503659) | (73024642) | (124064537) | (26273884) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 1092565 | (22625227) | (67177783) | (120474038) | 94707906 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 981383032 | 502612763 | 67177783 | 120474038 | 380138863 |
| &nbsp;&nbsp;&nbsp;End of period | $982475597 | $479987536 | $— | $— | $474846769 |
| &nbsp;&nbsp;&nbsp;Beginning units | 21237124 | 8262495 | 1404586 | 2759508 | 10520345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 1035324 | 665933 | 19492 | 17364 | 2067367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (3711992) | (1496939) | (1424078) | (2776872) | (2654199) |
| &nbsp;&nbsp;&nbsp;Ending units | 18560456 | 7431489 |  |  | 9933513 |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A23

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Aggressive Asset Allocation Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(43194754) | $(10607362) | $(51209129) | $(10118592) | $(4147408) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 307685273 | 34446134 | 298103323 | 38899537 | 21433622 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 160739123 | 61534237 | 233643992 | 39489128 | 19361423 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 425229642 | 85373009 | 480538186 | 68270073 | 36647637 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 2620734 | 468567 | 7626526 | 1365059 | 31162 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (6745165) | (1887845) | (5312048) | (981577) | (93030) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (384998646) | (84929828) | (442902613) | (104657303) | (35586066) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (70021148) | 126998 | (84107234) | 6106374 | (1487529) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (121797) | (3127) | (28107) | (11283) | (328) |
| &nbsp;&nbsp;&nbsp;Other charges | (19094481) | (5008127) | (30855102) | (4756945) | (3524594) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (478360503) | (91233362) | (555578578) | (102935675) | (40660385) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (53130861) | (5860353) | (75040392) | (34665602) | (4012748) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 3229992032 | 787578569 | 4144086674 | 771626564 | 365125347 |
| &nbsp;&nbsp;&nbsp;End of period | $3176861171 | $781718216 | $4069046282 | $736960962 | $361112599 |
| &nbsp;&nbsp;&nbsp;Beginning units | 114931696 | 47346906 | 165870608 | 40442501 | 17317359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 2008707 | 4017286 | 4722335 | 3839045 | 1273729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (18217576) | (9526812) | (26242129) | (9154025) | (3173592) |
| &nbsp;&nbsp;&nbsp;Ending units | 98722827 | 41837380 | 144350814 | 35127521 | 15417496 |

---

**The accompanying notes are an integral part of these financial statements.**

A24

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Core Fixed Income Portfolio** | **Davis Equity Portfolio** | **Columbia Variable Portfolio - Small Company Growth Fund (Class 1)** | **ProFund VP Asia 30** | **ProFund VP Banks** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(16991981) | $(3570) | $(4695) | $117699 | $3163 |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 154904 | 60346 |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (5575524) | (48362) | (6277) | 542554 | 152087 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 98281676 | 122232 | 41754 | 67003 | 114667 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 75714171 | 225204 | 91128 | 727256 | 269917 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 1925800 | 2530 | 213 | 14837 | 448 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (3253332) |  |  | (38602) | (24834) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (148999308) | (56066) | (18470) | (409603) | (268257) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 206238109 | (27821) | (9798) | (399821) | 453516 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (458392) | 149 |  | 29 |  |
| &nbsp;&nbsp;&nbsp;Other charges | (9107701) | (2094) | (160) | (5721) | (801) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 46345176 | (83302) | (28215) | (838881) | 160072 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 122059347 | 141902 | 62913 | (111625) | 429989 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1236081379 | 938226 | 461540 | 3592359 | 2948716 |
| &nbsp;&nbsp;&nbsp;End of period | $1358140726 | $1080128 | $524453 | $3480734 | $3378705 |
| &nbsp;&nbsp;&nbsp;Beginning units | 94379760 | 26224 | 5473 | 152667 | 227311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 23417285 | 54 | 3 | 87880 | 806440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (19803439) | (2215) | (313) | (120918) | (794633) |
| &nbsp;&nbsp;&nbsp;Ending units | 97993606 | 24063 | 5163 | 119629 | 239118 |

---

**The accompanying notes are an integral part of these financial statements.**

A25

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Bear** | **ProFund VP Biotechnology** | **ProFund VP Materials** | **ProFund VP UltraBull** | **ProFund VP Bull** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $18260 | $(50886) | $(34819) | $(44747) | $(136216) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 337813 | 491527 | 1038041 | 741898 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (50593) | (1437839) | 86275 | 1289103 | 1335754 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (138363) | 2476681 | (325653) | (654891) | (198608) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | (170696) | 1325769 | 217330 | 1627506 | 1742828 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 1203 | 4819 | 4149 | 14471 | 15065 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (80) | (10653) | (7581) | (11577) | (10694) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (73058) | (428667) | (250967) | (622041) | (1593191) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 638145 | (161824) | 83872 | (1466180) | (78015) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 131 | 376 | 246 | 1159 | (1476) |
| &nbsp;&nbsp;&nbsp;Other charges | (989) | (2137) | (2837) | (2206) | (11034) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 565352 | (598086) | (173118) | (2086374) | (1679345) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 394656 | 727683 | 44212 | (458868) | 63483 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 599338 | 4729562 | 3579538 | 9257620 | 13940254 |
| &nbsp;&nbsp;&nbsp;End of period | $993994 | $5457245 | $3623750 | $8798752 | $14003737 |
| &nbsp;&nbsp;&nbsp;Beginning units | 906265 | 112639 | 119718 | 134172 | 339656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 2513724 | 70106 | 45111 | 37380 | 718345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (1596328) | (85446) | (52551) | (66676) | (761005) |
| &nbsp;&nbsp;&nbsp;Ending units | 1823661 | 97299 | 112278 | 104876 | 296996 |

---

**The accompanying notes are an integral part of these financial statements.**

A26

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Staples** | **ProFund VP Energy** | **ProFund VP Europe 30** | **ProFund VP Financials** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(99195) | $(27193) | $71089 | $42364 | $(128729) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 510115 | 618797 | 937596 | 136812 | 136841 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 296824 | (1314969) | (960686) | 408761 | 891833 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (532776) | 615106 | 259197 | 413680 | 9757 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 174968 | (108259) | 307196 | 1001617 | 909702 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 7918 | 2841 | 9054 | 2340 | 3002 |
| &nbsp;&nbsp;&nbsp;Annuity payments |  |  | (60881) | (74103) | (295952) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (728918) | (441129) | (758132) | (521208) | (906352) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (640280) | 965669 | (572941) | 213420 | (280726) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (45) | 57 | (3298) | 364 | (1187) |
| &nbsp;&nbsp;&nbsp;Other charges | (46691) | (41223) | (7125) | (8898) | (49052) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (1408016) | 486215 | (1393323) | (388085) | (1530267) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (1233048) | 377956 | (1086127) | 613532 | (620565) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 8019974 | 5688538 | 8491784 | 3771181 | 9506961 |
| &nbsp;&nbsp;&nbsp;End of period | $6786926 | $6066494 | $7405657 | $4384713 | $8886396 |
| &nbsp;&nbsp;&nbsp;Beginning units | 196088 | 185868 | 325571 | 235151 | 425406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 52408 | 122194 | 305270 | 127221 | 138473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (90092) | (104795) | (360008) | (147183) | (209719) |
| &nbsp;&nbsp;&nbsp;Ending units | 158404 | 203267 | 270833 | 215189 | 354160 |

---

**The accompanying notes are an integral part of these financial statements.**

A27

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP U.S. Government Plus** | **ProFund VP Health Care** | **ProFund Access VP High Yield Fund** | **ProFund VP Industrials** | **ProFund VP Internet** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $37348 | $(219525) | $22535 | $(85786) | $(79511) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 1828963 |  | 148618 | 56711 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (256521) | (929737) | (19517) | 247494 | 746748 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 109151 | 1132903 | 99613 | 553434 | (196422) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | (110022) | 1812604 | 102631 | 863760 | 527526 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 4040 | 5947 | 1828 | 4393 | 2405 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (2690) | (13378) | (434) |  |  |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (364542) | (1764509) | (265329) | (1167542) | (436630) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 93241 | (140229) | 201817 | 752317 | (420269) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (50) | 1369 | 64 | (1019) | 861 |
| &nbsp;&nbsp;&nbsp;Other charges | (5420) | (103229) | (951) | (32266) | (1874) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (275421) | (2014029) | (63005) | (444117) | (855507) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (385443) | (201425) | 39626 | 419643 | (327981) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 2197424 | 16837677 | 1949264 | 5928731 | 6772568 |
| &nbsp;&nbsp;&nbsp;End of period | $1811981 | $16636252 | $1988890 | $6348374 | $6444587 |
| &nbsp;&nbsp;&nbsp;Beginning units | 180024 | 481575 | 85301 | 142828 | 49297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 200968 | 143769 | 16977 | 63735 | 9688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (233790) | (196004) | (18893) | (74589) | (15652) |
| &nbsp;&nbsp;&nbsp;Ending units | 147202 | 429340 | 83385 | 131974 | 43333 |

---

**The accompanying notes are an integral part of these financial statements.**

A28

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Japan** | **ProFund VP Precious Metals** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Value** | **ProFund VP Pharmaceuticals** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $89199 | $113950 | $(160595) | $(86533) | $(13380) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 454569 |  | 1101166 | 660322 |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (184391) | 4885673 | (89100) | 90078 | 120664 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 319487 | 5292354 | (360244) | (321008) | 294384 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 678864 | 10291977 | 491227 | 342859 | 401668 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 3667 | 12738 | 1742 | 5462 | 1637 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (75817) | (164946) | (20238) | (49366) | (3723) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (361604) | (1095911) | (1474157) | (777654) | (196078) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 32978 | 555870 | 1598155 | 194470 | 123729 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (326) | 10948 | (986) | (1688) | 124 |
| &nbsp;&nbsp;&nbsp;Other charges | (4660) | (12054) | (51275) | (28718) | (1497) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (405762) | (693355) | 53241 | (657494) | (75808) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 273102 | 9598622 | 544468 | (314635) | 325860 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 2730463 | 7185197 | 11355131 | 8869777 | 1250232 |
| &nbsp;&nbsp;&nbsp;End of period | $3003565 | $16783819 | $11899599 | $8555142 | $1576092 |
| &nbsp;&nbsp;&nbsp;Beginning units | 111965 | 746881 | 288572 | 227878 | 66139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 87630 | 1594054 | 208977 | 197036 | 96519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (105455) | (1638344) | (208378) | (212302) | (97599) |
| &nbsp;&nbsp;&nbsp;Ending units | 94140 | 702591 | 289171 | 212612 | 65059 |

---

**The accompanying notes are an integral part of these financial statements.**

A29

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Real Estate** | **ProFund VP Rising Rates Opportunity** | **ProFund VP Nasdaq-100** | **ProFund VP Semiconductor** | **ProFund VP Small-Cap Growth** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $6681 | $40464 | $(270652) | $(236589) | $(124932) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 110613 | 1992384 | 9211649 | 742774 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 110334 | (124410) | 2286764 | (2326040) | 139396 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (155397) | (38005) | 848189 | (721138) | (552059) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | (38382) | (11338) | 4856685 | 5927882 | 205179 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 3112 | 2858 | 38054 | 4782 | 2509 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (4611) | (9793) | (207831) | (4600) | (3369) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (283770) | (142819) | (2181037) | (1821200) | (915529) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 285558 | (32470) | 103921 | (604732) | (91467) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (404) | (50) | (2504) | (1115) | (398) |
| &nbsp;&nbsp;&nbsp;Other charges | (14918) | (1431) | (18631) | (2545) | (40395) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (15033) | (183705) | (2268028) | (2429410) | (1048649) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (53415) | (195043) | 2588657 | 3498472 | (843470) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 3930465 | 1768918 | 27516859 | 17378945 | 9500749 |
| &nbsp;&nbsp;&nbsp;End of period | $3877050 | $1573875 | $30105516 | $20877417 | $8657279 |
| &nbsp;&nbsp;&nbsp;Beginning units | 126559 | 1078884 | 485819 | 189030 | 230510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 60326 | 877334 | 396434 | 256213 | 55097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (60618) | (991391) | (431559) | (283136) | (80891) |
| &nbsp;&nbsp;&nbsp;Ending units | 126267 | 964827 | 450694 | 162107 | 204716 |

---

**The accompanying notes are an integral part of these financial statements.**

A30

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Short Mid-Cap** | **ProFund VP Short Nasdaq-100** | **ProFund VP Short Small-Cap** | **ProFund VP Small-Cap Value** | **ProFund VP Technology** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $597 | $15737 | $3017 | $(61421) | $(96885) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  | 287145 | 1811143 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (12979) | (107928) | (23268) | 13226 | 692361 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (1014) | 20254 | (2463) | (14230) | (767397) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | (13396) | (71937) | (22714) | 224720 | 1639222 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 48 | 740 | 243 | 16981 | 17747 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (69) | (88) |  | (5409) | (12274) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (44141) | (53820) | (45173) | (699356) | (821377) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 48418 | (232051) | 2878 | 153006 | (712083) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 4 | 17 | 22 | 551 | 738 |
| &nbsp;&nbsp;&nbsp;Other charges | (54) | (788) | (91) | (24574) | (2186) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 4206 | (285990) | (42121) | (558801) | (1529435) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (9190) | (357927) | (64835) | (334081) | 109787 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 41386 | 507950 | 152742 | 6646945 | 9046633 |
| &nbsp;&nbsp;&nbsp;End of period | $32196 | $150023 | $87907 | $6312864 | $9156420 |
| &nbsp;&nbsp;&nbsp;Beginning units | 70952 | 3365837 | 267252 | 215632 | 197738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 1254775 | 9632883 | 2166335 | 79633 | 58858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (1263538) | (11820252) | (2259130) | (99289) | (91935) |
| &nbsp;&nbsp;&nbsp;Ending units | 62189 | 1178468 | 174457 | 195976 | 164661 |

---

**The accompanying notes are an integral part of these financial statements.**

A31

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Communication Services** | **ProFund VP UltraMid-Cap** | **ProFund VP UltraNasdaq-100** | **ProFund VP UltraSmall-Cap** | **ProFund VP Utilities** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(62043) | $(7867) | $(619665) | $(8051) | $1855 |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  | 8257211 |  | 5186 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 977380 | (119396) | 11496029 | (24472) | 715990 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (195875) | 118597 | 1446129 | 271979 | 569965 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 719462 | (8666) | 20579704 | 239456 | 1292996 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 664 | 6969 | 44132 | 3346 | 7434 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (4059) | (1988) | (455678) |  | (21942) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (472596) | (449423) | (4105844) | (217622) | (1060028) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (630575) | 412942 | (3691916) | 5878 | (48708) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (30) | 2397 | 22965 | 1662 | (349) |
| &nbsp;&nbsp;&nbsp;Other charges | (24205) | (2698) | (12463) | (992) | (50887) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (1130801) | (31801) | (8198804) | (207728) | (1174480) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (411339) | (40467) | 12380900 | 31728 | 118516 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 4649471 | 5773355 | 79857672 | 2849589 | 11036479 |
| &nbsp;&nbsp;&nbsp;End of period | $4238132 | $5732888 | $92238572 | $2881317 | $11154995 |
| &nbsp;&nbsp;&nbsp;Beginning units | 280790 | 86691 | 1617077 | 99400 | 351473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 183931 | 114380 | 132067 | 437633 | 126066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (242859) | (116587) | (288191) | (448058) | (161722) |
| &nbsp;&nbsp;&nbsp;Ending units | 221862 | 84484 | 1460953 | 88975 | 315817 |

---

**The accompanying notes are an integral part of these financial statements.**

A32

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Value** | **Rydex VT Nova Fund** | **Rydex VT NASDAQ-100® Fund** | **Rydex VT Inverse S&P 500® Strategy Fund** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(317647) | $(79365) | $(22752) | $(142138) | $571 |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 2000856 | 1213576 |  | 595229 |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 2551249 | 10047 | 89821 | 966688 | (144) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (614366) | (196769) | 221582 | 266182 | (1442) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 3620092 | 947489 | 288651 | 1685961 | (1015) |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 17548 | 1408 | 3201 | 20108 | 7 |
| &nbsp;&nbsp;&nbsp;Annuity payments |  | (6151) |  | (64686) |  |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (2530483) | (1445005) | (61095) | (1041480) | (17) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 2782352 | (362984) | (18828) | (231747) | 1229 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (429) | (48) | 21 | 2225 |  |
| &nbsp;&nbsp;&nbsp;Other charges | (114851) | (36772) | (566) | (8392) | (5) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 154137 | (1849552) | (77267) | (1323972) | 1214 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 3774229 | (902063) | 211384 | 361989 | 199 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 19620403 | 10790462 | 1585893 | 10429773 | 6687 |
| &nbsp;&nbsp;&nbsp;End of period | $23394632 | $9888399 | $1797277 | $10791762 | $6886 |
| &nbsp;&nbsp;&nbsp;Beginning units | 373832 | 384716 | 40089 | 194474 | 9199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 181377 | 84183 | 315 | 669 | 1719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (175951) | (142452) | (2278) | (23788) | (31) |
| &nbsp;&nbsp;&nbsp;Ending units | 379258 | 326447 | 38126 | 171355 | 10887 |

---

**The accompanying notes are an integral part of these financial statements.**

A33

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Invesco V.I. Health Care Fund (Series I)** | **Invesco V.I. Technology Fund (Series I)** | **Allspring VT Index Asset Allocation Fund (Class 2)** | **Allspring VT Small Cap Growth Fund (Class 2)** | **AST PGIM Aggressive Multi-Asset Portfolio** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(189175) | $(270668) | $(24394) | $(12133) | $(31683905) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 603678 | 2366603 | 1220024 | 49925 |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 140634 | (801476) | 428390 | (7195) | 137592608 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 1380873 | 2359832 | (279871) | 35030 | 237849502 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 1936010 | 3654291 | 1344149 | 65627 | 343758205 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 18158 | 31481 | 10349 | 1429 | 845195 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (51212) | (171352) | (125173) |  | (3310190) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (1140427) | (2116189) | (1151104) | (23952) | (279781211) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (37093) | (177140) | (184661) | 1680 | (32783369) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (2462) | 2765 | (178) | 22 | (105908) |
| &nbsp;&nbsp;&nbsp;Other charges | (10728) | (14001) | (4421) | (318) | (23541806) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (1223764) | (2444436) | (1455188) | (21139) | (338677289) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 712246 | 1209855 | (111039) | 44488 | 5080916 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 14976166 | 20962296 | 14537665 | 856923 | 2680856582 |
| &nbsp;&nbsp;&nbsp;End of period | $15688412 | $22172151 | $14426626 | $901411 | $2685937498 |
| &nbsp;&nbsp;&nbsp;Beginning units | 355714 | 711438 | 198732 | 21560 | 123293851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 16480 | 22310 | 1869 | 82 | 7918848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (43443) | (100831) | (21193) | (582) | (23436064) |
| &nbsp;&nbsp;&nbsp;Ending units | 328751 | 632917 | 179408 | 21060 | 107776635 |

---

**The accompanying notes are an integral part of these financial statements.**

A34

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Multi-Asset Diversified Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Emerging Markets Equity Portfolio** | **Allspring VT Discovery All Cap Growth Fund (Class 2)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/10/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(12698320) | $(29917640) | $(16554) | $(23916) | $(171874) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  | 586837 | 4259798 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 61797858 | 175016267 | 5045181 | (15528) | (1038382) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 75073347 | 9656029 | (5814485) | (333306) | (1412581) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 124172885 | 154754656 | (785858) | 214087 | 1636961 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 645656 |  | 108 | 2414 | 14680 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (1573097) | (1850770) |  |  | (70531) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (106746021) | (282675415) | (217601) | (39053) | (1595516) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (20315862) | (162529534) | (54266578) | (9714) | 111867 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (82992) | (5097) | 31 | (9) | 91 |
| &nbsp;&nbsp;&nbsp;Other charges | (6641228) | (34331628) | (11816) | (666) | (11358) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (134713544) | (481392444) | (54495856) | (47028) | (1550767) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (10540659) | (326637788) | (55281714) | 167059 | 86194 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 978761339 | 2311393953 | 55281714 | 1614300 | 12985234 |
| &nbsp;&nbsp;&nbsp;End of period | $968220680 | $1984756165 | $— | $1781359 | $13071428 |
| &nbsp;&nbsp;&nbsp;Beginning units | 38648035 | 131895597 | 5704157 | 31067 | 243851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 1157394 | 56422276 | 10951 | 424 | 17492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (6252933) | (82487129) | (5715108) | (1325) | (42729) |
| &nbsp;&nbsp;&nbsp;Ending units | 33552496 | 105830744 |  | 30166 | 218614 |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A35

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Allspring VT Small Cap Growth Fund (Class 1)** | **AST Quantitative Modeling Portfolio** | **Invesco V.I. Diversified Dividend Fund (Series I)** | **Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)** | **Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(121389) | $(370661) | $53927 | $1467 | $(68477) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 509762 |  | 1176975 |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 87960 | 3510531 | 276364 | (1338) | 714594 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 247999 | 452719 | 525297 | 8882 | 323838 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 724332 | 3592589 | 2032563 | 9011 | 969955 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 10842 | 134821 | 11163 | 172 | 3072 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (5607) | (397047) | (107064) |  | (46238) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (682803) | (6400715) | (1492051) | (6800) | (349501) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 162507 | 901187 | 317413 | (2465) | (342215) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 341 | (2802) | 4820 |  | 391 |
| &nbsp;&nbsp;&nbsp;Other charges | (8568) | (9673) | (10346) | (66) | (1974) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (523288) | (5774229) | (1276065) | (9159) | (736465) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 201044 | (2181640) | 756498 | (148) | 233490 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 9415444 | 31495736 | 14862280 | 115000 | 6884836 |
| &nbsp;&nbsp;&nbsp;End of period | $9616488 | $29314096 | $15618778 | $114852 | $7118326 |
| &nbsp;&nbsp;&nbsp;Beginning units | 256160 | 1410203 | 514437 | 11016 | 121003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 18826 | 79452 | 41791 | 15 | 638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (33222) | (323257) | (84012) | (853) | (12829) |
| &nbsp;&nbsp;&nbsp;Ending units | 241764 | 1166398 | 472216 | 10178 | 108812 |

---

**The accompanying notes are an integral part of these financial statements.**

A36

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 2)** | **AST ClearBridge Dividend Growth Portfolio** | **Columbia Variable Portfolio - Government Money Market Fund (Class 1)** | **Columbia Variable Portfolio - Income Opportunities Fund (Class 1)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**1/24/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(22670) | $(64359) | $(52431) | $67478 | $342 |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 216158 | 504082 |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (13958) | 65954 | 16649615 |  | (17974) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (87545) | (273632) | (14323994) |  | 22467 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 91985 | 232045 | 2273190 | 67478 | 4835 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 4224 | 3642 | 1310 | 815 | 56 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (39076) | (123849) |  |  |  |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (266197) | (362006) | (823700) | (943907) | (68167) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (71434) | (75269) | (66181388) | 530198 | (11623) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (106) | (27) | 17 | (141) | 268 |
| &nbsp;&nbsp;&nbsp;Other charges | (3358) | (2892) | (27266) | (1121) | (15) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (375947) | (560401) | (67031027) | (414156) | (79481) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (283962) | (328356) | (64757837) | (346678) | (74646) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 2215978 | 4998021 | 64757837 | 2500155 | 124763 |
| &nbsp;&nbsp;&nbsp;End of period | $1932016 | $4669665 | $— | $2153477 | $50117 |
| &nbsp;&nbsp;&nbsp;Beginning units | 51849 | 120931 | 2090155 | 242616 | 8595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 1314 | 555 | 19978 | 47128 | 927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (10317) | (14104) | (2110133) | (86723) | (6316) |
| &nbsp;&nbsp;&nbsp;Ending units | 42846 | 107382 |  | 203021 | 3206 |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A37

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Equity Portfolio** | **AST Bond Portfolio 2025** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2027** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(5316723) | $(148417) | $(387885) | $(612335) | $(136306) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 22205925 | 969674 | 563161 | 26387 | (14927) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 28285246 | (684993) | 571907 | 1903162 | 4160246 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 45174448 | 136264 | 747183 | 1317214 | 4009013 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 1375269 |  |  |  | 39657 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (879844) | (73418) |  |  | (189595) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (48753839) | (1067476) | (2601934) | (4733010) | (1337405) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 339697903 | (19116114) | 6540315 | (1417018) | (254165) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (48520) | (203) | (155) | (899) | 285 |
| &nbsp;&nbsp;&nbsp;Other charges | (3116788) | (11180) | (12101) | (12665) | (13227) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 288274181 | (20268391) | 3926125 | (6163592) | (1754450) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 333448629 | (20132127) | 4673308 | (4846378) | 2254563 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 150116835 | 20132127 | 15728479 | 34672627 | 12966394 |
| &nbsp;&nbsp;&nbsp;End of period | $483565464 | $— | $20401787 | $29826249 | $15220957 |
| &nbsp;&nbsp;&nbsp;Beginning units | 4443710 | 1708541 | 1539932 | 3560702 | 1207682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 11000535 | 801267 | 1979244 | 199290 | 124391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (2874838) | (2509808) | (1561683) | (826120) | (275923) |
| &nbsp;&nbsp;&nbsp;Ending units | 12569407 |  | 1957493 | 2933872 | 1056150 |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A38

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2031** | **MFS® International Growth Portfolio (Service Class)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(826733) | $(34993) | $(574208) | $(482484) | $(1400) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  | 36994 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (237738) | 262339 | (535745) | (913048) | 11186 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 3416471 | (112978) | 3314702 | 3207393 | 19605 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 2352000 | 114368 | 2204749 | 1811861 | 66385 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Annuity payments | (17683) |  |  | (106199) |  |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (7722833) | (2058927) | (4660137) | (4579878) | (101133) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (962555) | (13982) | 264082 | 350810 | 596622 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 5338 |  | 1 | (1115) | 7 |
| &nbsp;&nbsp;&nbsp;Other charges | (18563) | (499) | (21155) | (18594) |  |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (8716296) | (2073408) | (4417209) | (4354976) | 495496 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (6364296) | (1959040) | (2212460) | (2543115) | 561881 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 49529755 | 2277902 | 36983905 | 29450958 | 228240 |
| &nbsp;&nbsp;&nbsp;End of period | $43165459 | $318862 | $34771445 | $26907843 | $790121 |
| &nbsp;&nbsp;&nbsp;Beginning units | 5016876 | 239219 | 3674456 | 3456954 | 15601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 56188 | 9640 | 179598 | 936691 | 36100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (919097) | (217483) | (598991) | (1427915) | (6406) |
| &nbsp;&nbsp;&nbsp;Ending units | 4153967 | 31376 | 3255063 | 2965730 | 45295 |

---

**The accompanying notes are an integral part of these financial statements.**

A39

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Value Series (Service Class)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **Invesco V.I. Discovery Mid Cap Growth Fund (Series I)** |
| | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $59590 | $13609 | $(8261) | $1119387 | $(110068) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 82474 | 254792 |  | 697070 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 3067 | 7938 | 85199 |  | 83752 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 43417 | (407) | 153459 |  | (411054) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 106074 | 103614 | 485189 | 1119387 | 259700 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments |  | 1373 | 39001 | 3582086 | 8906 |
| &nbsp;&nbsp;&nbsp;Annuity payments |  |  |  |  | (35337) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (121474) | (90470) | (258776) | (32601021) | (911416) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 1066638 | 111044 | 1048070 | 31574951 | (200961) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (14) | (63) | (130) | (22841) | 226 |
| &nbsp;&nbsp;&nbsp;Other charges |  |  |  | (4901) | (9233) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 945150 | 21884 | 828165 | 2528274 | (1147815) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 1051224 | 125498 | 1313354 | 3647661 | (888115) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1842351 | 875643 | 3783168 | 28592482 | 9159290 |
| &nbsp;&nbsp;&nbsp;End of period | $2893575 | $1001141 | $5096522 | $32240143 | $8271175 |
| &nbsp;&nbsp;&nbsp;Beginning units | 195295 | 63273 | 223464 | 2576456 | 577463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 126181 | 37237 | 299355 | 4744454 | 18212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (30884) | (34429) | (252980) | (4521667) | (91368) |
| &nbsp;&nbsp;&nbsp;Ending units | 290592 | 66081 | 269839 | 2799243 | 504307 |

---

**The accompanying notes are an integral part of these financial statements.**

A40

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Global Bond Portfolio** | **AST Bond Portfolio 2032** | **AST Bond Portfolio 2033** | **AST Bond Portfolio 2034** | **AST Bond Portfolio 2035** |
| | **1/1/2025**<br>**to**<br>**2/7/2025\*\*** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** | **1/1/2025**<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(106317) | $(513229) | $— | $(8993) | $(11112) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 1719841 | (653560) |  | (29093) | (90952) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (1306444) | 3439296 |  | 31319 | 15448 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 307080 | 2272507 |  | (6767) | (86616) |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 3616 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Annuity payments | (1406) | (6401) |  |  |  |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (1132535) | (4956524) |  | (236963) | (278191) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (76340430) | 2204695 |  | 865087 | 1279305 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (224) | (2272) |  |  | 282 |
| &nbsp;&nbsp;&nbsp;Other charges | (31107) | (16682) |  | (699) | (347) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (77502086) | (2777184) |  | 627425 | 1001049 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (77195006) | (504677) |  | 620658 | 914433 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 77195006 | 33085458 |  | 337423 | 188482 |
| &nbsp;&nbsp;&nbsp;End of period | $— | $32580781 | $— | $958081 | $1102915 |
| &nbsp;&nbsp;&nbsp;Beginning units | 8561288 | 4448478 |  | 34676 | 19712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 94853 | 881731 |  | 295059 | 743235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (8656141) | (1229282) |  | (239558) | (657147) |
| &nbsp;&nbsp;&nbsp;Ending units |  | 4100927 |  | 90177 | 105800 |

---

\*\*Date subaccount was no longer available for investment.

**The accompanying notes are an integral part of these financial statements.**

A41

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2025

---

| | |
|:---|:---|
| | **SUBACCOUNT** |
| | **AST Bond Portfolio 2036** |
| | **1/2/2025\***<br>**to**<br>**12/31/2025** |
| **OPERATIONS** | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(257) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 176 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 219 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 138 |
| **CONTRACT OWNER TRANSACTIONS** |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments |  |
| &nbsp;&nbsp;&nbsp;Annuity payments |  |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits |  |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 141035 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions |  |
| &nbsp;&nbsp;&nbsp;Other charges |  |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 141035 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 141173 |
| **NET ASSETS** |  |
| &nbsp;&nbsp;&nbsp;Beginning of period |  |
| &nbsp;&nbsp;&nbsp;End of period | $141173 |
| &nbsp;&nbsp;&nbsp;Beginning units |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 15906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (2656) |
| &nbsp;&nbsp;&nbsp;Ending units | 13250 |

---

\*Date subaccount became available for investment.

**The accompanying notes are an integral part of these financial statements.**

A42

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS** 

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Growth Portfolio** | **AST Government Money Market Portfolio** | **AST Cohen & Steers Realty Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST High Yield Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(20335399) | $15979894 | $(1031482) | $(8319346) | $(1115399) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 124225761 |  | 6525610 | 2199330 | 966048 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 261655065 |  | (551612) | 37388933 | 5746674 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 365545427 | 15979894 | 4942516 | 31268917 | 5597323 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 3872775 | 3563064 | 87121 | 737592 | 470594 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (5682202) | (2964057) | (154724) | (1045949) | (239180) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (156546261) | (533283211) | (9858487) | (74488935) | (8387726) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 199209695 | 514147706 | (5024412) | (15762793) | (1078996) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (67216) | (78628) | 6056 | (2202) | 2344 |
| &nbsp;&nbsp;&nbsp;Other charges | (6420593) | (783859) | (612323) | (5812219) | (445133) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 34366198 | (19398985) | (15556769) | (96374506) | (9678097) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 399911625 | (3419091) | (10614253) | (65105589) | (4080774) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1419702521 | 462647956 | 92964844 | 693577875 | 91908178 |
| &nbsp;&nbsp;&nbsp;End of period | $1819614146 | $459228865 | $82350591 | $628472286 | $87827404 |
| &nbsp;&nbsp;&nbsp;Beginning units | 20426528 | 39949477 | 1541233 | 27195832 | 3153842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 3830790 | 24320410 | 158285 | 3229454 | 479407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (4280838) | (26315234) | (404679) | (6924711) | (770561) |
| &nbsp;&nbsp;&nbsp;Ending units | 19976480 | 37954653 | 1294839 | 23500575 | 2862688 |

---

**The accompanying notes are an integral part of these financial statements.**

A43

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Value Portfolio** | **AST Small-Cap Equity Portfolio** | **AST T. Rowe Price Natural Resources Portfolio** | **AST MFS Global Equity Portfolio** | **AST International Equity Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(10721923) | $(3560506) | $(831483) | $(1503437) | $(5476515) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 15505932 | 6199112 | 4337268 | 9053008 | 25939086 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 49403212 | 16673989 | (1127970) | (2204320) | (4143810) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 54187221 | 19312595 | 2377815 | 5345251 | 16318761 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 2546826 | 893186 | 1157755 | 1309627 | 476878 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (2088048) | (888493) | (214939) | (86637) | (842422) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (74691309) | (26717671) | (6761108) | (12792377) | (40153430) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 240544741 | 254383691 | (2078427) | (1604440) | 1037592 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (53331) | (95958) | 2198 | (470) | 7591 |
| &nbsp;&nbsp;&nbsp;Other charges | (3254254) | (1459721) | (619679) | (977344) | (1780778) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 163004625 | 226115034 | (8514200) | (14151641) | (41254569) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 217191846 | 245427629 | (6136385) | (8806390) | (24935808) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 764191186 | 257185134 | 73314168 | 129280428 | 405074671 |
| &nbsp;&nbsp;&nbsp;End of period | $981383032 | $502612763 | $67177783 | $120474038 | $380138863 |
| &nbsp;&nbsp;&nbsp;Beginning units | 18579752 | 4840214 | 1587071 | 3085676 | 11667841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 5747999 | 4452866 | 361740 | 286379 | 810165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (3090627) | (1030585) | (544225) | (612547) | (1957661) |
| &nbsp;&nbsp;&nbsp;Ending units | 21237124 | 8262495 | 1404586 | 2759508 | 10520345 |

---

**The accompanying notes are an integral part of these financial statements.**

A44

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Aggressive Asset Allocation Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(45732815) | $(11551323) | $(28387031) | $(11186483) | $(4453679) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 276994805 | 43396012 | 188905202 | 35716972 | 21994859 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 171052498 | 18123293 | (28732528) | 25083046 | 13248897 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 402314488 | 49967982 | 131785643 | 49613535 | 30790077 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 2708257 | 917677 | 5019427 | 1207082 | 82406 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (2866736) | (2143982) | (2912722) | (2056611) | (77036) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (402459468) | (92341342) | (237360596) | (103162599) | (34941076) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (50257121) | (18417123) | 2199636508 | (6815158) | (2526514) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (6312) | 13718 | (25635) | (741) | 3984 |
| &nbsp;&nbsp;&nbsp;Other charges | (20681378) | (5405770) | (17719518) | (5268713) | (3853686) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (473562758) | (117376822) | 1946637464 | (116096740) | (41311922) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (71248270) | (67408840) | 2078423107 | (66483205) | (10521845) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 3301240302 | 854987409 | 2065663567 | 838109769 | 375647192 |
| &nbsp;&nbsp;&nbsp;End of period | $3229992032 | $787578569 | $4144086674 | $771626564 | $365125347 |
| &nbsp;&nbsp;&nbsp;Beginning units | 132345076 | 54708009 | 91293401 | 46769209 | 19350209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 2060207 | 5118387 | 89756000 | 4718566 | 1285498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (19473587) | (12479490) | (15178793) | (11045274) | (3318348) |
| &nbsp;&nbsp;&nbsp;Ending units | 114931696 | 47346906 | 165870608 | 40442501 | 17317359 |

---

**The accompanying notes are an integral part of these financial statements.**

A45

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Core Fixed Income Portfolio** | **Davis Equity Portfolio** | **Columbia Variable Portfolio - Small Company Growth Fund (Class 1)** | **ProFund VP Asia 30** | **ProFund VP Banks** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(16222136) | $(3496) | $5540 | $(20327) | $24743 |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 189809 |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (12561182) | (26555) | (3481) | 18301 | 1013991 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 30262688 | (18092) | 85443 | 251656 | (482185) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 1479370 | 141666 | 87502 | 249630 | 556549 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 1983287 | 2508 | 178 | 6635 | 1525 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (2467718) |  |  | (4366) | (13) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (139958068) | (15263) | (4538) | (473343) | (175915) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 93265783 | (62506) | (4316) | 195777 | (481806) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 3494 | (6) | (92) | (5766) | 136 |
| &nbsp;&nbsp;&nbsp;Other charges | (9088520) | (2108) | (193) | (7080) | (823) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (56261742) | (77375) | (8961) | (288143) | (656896) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (54782372) | 64291 | 78541 | (38513) | (100347) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1290863751 | 873935 | 382999 | 3630872 | 3049063 |
| &nbsp;&nbsp;&nbsp;End of period | $1236081379 | $938226 | $461540 | $3592359 | $2948716 |
| &nbsp;&nbsp;&nbsp;Beginning units | 98670593 | 28255 | 5580 | 167046 | 277989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 12406039 | 155 | 2 | 105564 | 345853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (16696872) | (2186) | (109) | (119943) | (396531) |
| &nbsp;&nbsp;&nbsp;Ending units | 94379760 | 26224 | 5473 | 152667 | 227311 |

---

**The accompanying notes are an integral part of these financial statements.**

A46

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Bear** | **ProFund VP Biotechnology** | **ProFund VP Materials** | **ProFund VP UltraBull** | **ProFund VP Bull** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $47491 | $(71492) | $(32605) | $(52215) | $(90637) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 31150 | 2414027 | 3120 |  | 645223 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (230147) | (1566214) | 46215 | 2333132 | 2909316 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 48930 | (821979) | (94847) | 608576 | (738842) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | (102576) | (45658) | (78117) | 2889493 | 2725060 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 2858 | 6440 | 15649 | 547134 | 14702 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (363) | (57132) | (7418) | (13) | (257118) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (47701) | (551627) | (473815) | (961252) | (1879112) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (311485) | (544731) | (96283) | 156509 | (168328) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 125 | 103 | 77 | (396) | 546 |
| &nbsp;&nbsp;&nbsp;Other charges | (1025) | (2133) | (3194) | (2499) | (12902) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (357591) | (1149080) | (564984) | (260517) | (2302212) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (460167) | (1194738) | (643101) | 2628976 | 422848 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1059505 | 5924300 | 4222639 | 6628644 | 13517406 |
| &nbsp;&nbsp;&nbsp;End of period | $599338 | $4729562 | $3579538 | $9257620 | $13940254 |
| &nbsp;&nbsp;&nbsp;Beginning units | 1385134 | 138930 | 137287 | 137722 | 393327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 2477636 | 50556 | 30734 | 116861 | 776882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (2956505) | (76847) | (48303) | (120411) | (830553) |
| &nbsp;&nbsp;&nbsp;Ending units | 906265 | 112639 | 119718 | 134172 | 339656 |

---

**The accompanying notes are an integral part of these financial statements.**

A47

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Staples** | **ProFund VP Energy** | **ProFund VP Europe 30** | **ProFund VP Financials** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(109213) | $6268 | $97491 | $27819 | $(104595) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 710825 | 1956866 | 482863 | 156741 | 808163 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 433589 | (1248048) | 331452 | 171263 | 85670 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 492273 | (219101) | (646116) | (213400) | 1289378 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 1527474 | 495985 | 265690 | 142423 | 2078616 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 5228 | 4477 | 1085056 | 2284 | 10029 |
| &nbsp;&nbsp;&nbsp;Annuity payments |  | (6733) | (40361) | (4657) | (4460) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (498944) | (326483) | (715521) | (464867) | (1079219) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (539734) | (364006) | (1567602) | (652412) | 336174 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 155 | 161 | 180 |  | (9641) |
| &nbsp;&nbsp;&nbsp;Other charges | (56449) | (43468) | (9267) | (11876) | (52453) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (1089744) | (736052) | (1247515) | (1131528) | (799570) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 437730 | (240067) | (981825) | (989105) | 1279046 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 7582244 | 5928605 | 9473609 | 4760286 | 8227915 |
| &nbsp;&nbsp;&nbsp;End of period | $8019974 | $5688538 | $8491784 | $3771181 | $9506961 |
| &nbsp;&nbsp;&nbsp;Beginning units | 228049 | 210920 | 376853 | 305520 | 463767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 80811 | 69925 | 362836 | 59964 | 177754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (112772) | (94977) | (414118) | (130333) | (216115) |
| &nbsp;&nbsp;&nbsp;Ending units | 196088 | 185868 | 325571 | 235151 | 425406 |

---

**The accompanying notes are an integral part of these financial statements.**

A48

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP U.S. Government Plus** | **ProFund VP Health Care** | **ProFund Access VP High Yield Fund** | **ProFund VP Industrials** | **ProFund VP Internet** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $51149 | $(253052) | $78221 | $(70146) | $(71572) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 859216 |  | 777816 | 116718 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 60487 | (406564) | (39133) | 253382 | 438333 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (466885) | (230152) | 57350 | (214275) | 1003178 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | (355249) | (30552) | 96438 | 746777 | 1486657 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 4840 | 3689 | 2732 | 2744 | 1880 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (240621) | (6242) | (13715) | (118) | (291) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (262123) | (2142566) | (201968) | (604753) | (205202) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (307078) | 716576 | (85225) | (261291) | (78237) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 439 | 336 | (310) | 6 | 270 |
| &nbsp;&nbsp;&nbsp;Other charges | (5140) | (120013) | (996) | (29879) | (1463) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (809683) | (1548220) | (299482) | (893291) | (283043) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (1164932) | (1578772) | (203044) | (146514) | 1203614 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 3362356 | 18416449 | 2152308 | 6075245 | 5568954 |
| &nbsp;&nbsp;&nbsp;End of period | $2197424 | $16837677 | $1949264 | $5928731 | $6772568 |
| &nbsp;&nbsp;&nbsp;Beginning units | 241662 | 525764 | 98362 | 166351 | 51845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 314423 | 115621 | 11488 | 51562 | 16626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (376061) | (159810) | (24549) | (75085) | (19174) |
| &nbsp;&nbsp;&nbsp;Ending units | 180024 | 481575 | 85301 | 142828 | 49297 |

---

**The accompanying notes are an integral part of these financial statements.**

A49

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Japan** | **ProFund VP Precious Metals** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Value** | **ProFund VP Pharmaceuticals** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $43558 | $163692 | $(164262) | $(93735) | $(16784) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 460802 |  | 460941 | 363096 | 134027 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 865565 | 1249215 | 1511706 | 244847 | (101148) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (612902) | (1257186) | (682673) | 45831 | 2347 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 757023 | 155721 | 1125712 | 560039 | 18442 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 1913 | 12542 | 2088 | 7112 | 1907 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (7505) | (118082) | (80496) | (7358) |  |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (350965) | (591479) | (1319941) | (754135) | (339248) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (1359015) | (2446522) | 320718 | (214450) | 134551 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 1493 | 348 | (81) | 102 | (215) |
| &nbsp;&nbsp;&nbsp;Other charges | (7251) | (11406) | (55491) | (32307) | (1590) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (1721330) | (3154599) | (1133203) | (1001036) | (204595) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (964307) | (2998878) | (7491) | (440997) | (186153) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 3694770 | 10184075 | 11362622 | 9310774 | 1436385 |
| &nbsp;&nbsp;&nbsp;End of period | $2730463 | $7185197 | $11355131 | $8869777 | $1250232 |
| &nbsp;&nbsp;&nbsp;Beginning units | 187671 | 1092183 | 327943 | 265043 | 78455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 117476 | 2862354 | 255303 | 220023 | 68579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (193182) | (3207656) | (294674) | (257188) | (80895) |
| &nbsp;&nbsp;&nbsp;Ending units | 111965 | 746881 | 288572 | 227878 | 66139 |

---

**The accompanying notes are an integral part of these financial statements.**

A50

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Real Estate** | **ProFund VP Rising Rates Opportunity** | **ProFund VP Nasdaq-100** | **ProFund VP Semiconductor** | **ProFund VP Small-Cap Growth** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $5077 | $59040 | $(256122) | $(181077) | $(139500) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 134757 | 892451 | 3290236 | 970547 | 448579 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (897953) | (694623) | 4590581 | 6354736 | 322607 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 861541 | 7141 | (2303832) | (1003979) | (168293) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 103422 | 264009 | 5320863 | 6140227 | 463393 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 12142 | 2912 | 32329 | 2646 | 5925 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (24697) | (21938) | (193052) | (27) | (34700) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (548665) | (193725) | (1898966) | (1038772) | (954589) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (142135) | (102853) | (1043871) | 3692946 | (63318) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (421) | (20) | (3800) | 34901 | (833) |
| &nbsp;&nbsp;&nbsp;Other charges | (17640) | (5433) | (21520) | (2382) | (47403) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (721416) | (321057) | (3128880) | 2689312 | (1094918) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (617994) | (57048) | 2191983 | 8829539 | (631525) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 4548459 | 1825966 | 25324876 | 8549406 | 10132274 |
| &nbsp;&nbsp;&nbsp;End of period | $3930465 | $1768918 | $27516859 | $17378945 | $9500749 |
| &nbsp;&nbsp;&nbsp;Beginning units | 146928 | 1276124 | 539932 | 156168 | 261184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 85310 | 3153086 | 385426 | 267759 | 98839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (105679) | (3350326) | (439539) | (234897) | (129513) |
| &nbsp;&nbsp;&nbsp;Ending units | 126559 | 1078884 | 485819 | 189030 | 230510 |

---

**The accompanying notes are an integral part of these financial statements.**

A51

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Short Mid-Cap** | **ProFund VP Short Nasdaq-100** | **ProFund VP Short Small-Cap** | **ProFund VP Small-Cap Value** | **ProFund VP Technology** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $4412 | $30402 | $10612 | $(69601) | $(102551) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  | 39863 | 640700 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (11073) | (175086) | (47271) | 131150 | 841930 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 1785 | 29430 | 36091 | 99205 | 88600 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | (4876) | (115254) | (568) | 200617 | 1468679 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 18 | 1107 | 213 | 19484 | 5890 |
| &nbsp;&nbsp;&nbsp;Annuity payments |  | (359) |  | (7162) | (77743) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | 16686 | 12202 | 5566 | (674983) | (865465) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (17986) | (278531) | (115028) | (358583) | (300221) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 108 | 121 | 17 | 4325 | (223) |
| &nbsp;&nbsp;&nbsp;Other charges | (43) | (1303) | (108) | (29987) | (2630) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (1217) | (266763) | (109340) | (1046906) | (1240392) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (6093) | (382017) | (109908) | (846289) | 228287 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 47479 | 889967 | 262650 | 7493234 | 8818346 |
| &nbsp;&nbsp;&nbsp;End of period | $41386 | $507950 | $152742 | $6646945 | $9046633 |
| &nbsp;&nbsp;&nbsp;Beginning units | 71972 | 4939310 | 416156 | 252265 | 230446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 1140048 | 9360757 | 3139561 | 99313 | 65240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (1141068) | (10934230) | (3288465) | (135946) | (97948) |
| &nbsp;&nbsp;&nbsp;Ending units | 70952 | 3365837 | 267252 | 215632 | 197738 |

---

**The accompanying notes are an integral part of these financial statements.**

A52

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Communication Services** | **ProFund VP UltraMid-Cap** | **ProFund VP UltraNasdaq-100** | **ProFund VP UltraSmall-Cap** | **ProFund VP Utilities** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(64341) | $(35816) | $(522589) | $(23828) | $24999 |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 894990 | 1235161 | 8378942 | 1134778 | (105380) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 353899 | (487908) | 15520743 | (803064) | 1984785 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 1184548 | 711437 | 23377096 | 307886 | 1904404 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 9421 | 5274 | 43174 | 2397 | 17420 |
| &nbsp;&nbsp;&nbsp;Annuity payments |  | (1245) | (201362) | (11939) | (174860) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (455538) | (892544) | (3395957) | (647287) | (985883) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 639278 | (1055829) | (4122757) | (1106257) | 104523 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (31) | (186) | (25893) | 968 | (228) |
| &nbsp;&nbsp;&nbsp;Other charges | (27804) | (3512) | (14194) | (1595) | (54213) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 165326 | (1948042) | (7716989) | (1763713) | (1093241) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 1349874 | (1236605) | 15660107 | (1455827) | 811163 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 3299597 | 7009960 | 64197565 | 4305416 | 10225316 |
| &nbsp;&nbsp;&nbsp;End of period | $4649471 | $5773355 | $79857672 | $2849589 | $11036479 |
| &nbsp;&nbsp;&nbsp;Beginning units | 274575 | 125500 | 1864486 | 162604 | 390622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 303814 | 182249 | 192583 | 553519 | 141211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (297599) | (221058) | (439992) | (616723) | (180360) |
| &nbsp;&nbsp;&nbsp;Ending units | 280790 | 86691 | 1617077 | 99400 | 351473 |

---

**The accompanying notes are an integral part of these financial statements.**

A53

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Value** | **Rydex VT Nova Fund** | **Rydex VT NASDAQ-100® Fund** | **Rydex VT Inverse S&P 500® Strategy Fund** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(255789) | $(111233) | $(21917) | $(124139) | $800 |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 352044 | 1358315 |  | 201282 |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 1389016 | 478546 | 217378 | 949486 | (579) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 3337524 | (806608) | 212788 | 1055155 | (1365) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 4822795 | 919020 | 408249 | 2081784 | (1144) |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 20064 | 3223 | 2682 | 19911 | 6 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (2838) | (5476) | (45036) | (41361) |  |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (1885415) | (831244) | (109153) | (1087422) | (71) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 707130 | 454510 | (52165) | (339405) | 886 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (1494) | (2357) | (240) | (162) | (5) |
| &nbsp;&nbsp;&nbsp;Other charges | (81973) | (40815) | (1524) | (9360) | (5) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (1244526) | (422159) | (205436) | (1457799) | 811 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 3578269 | 496861 | 202813 | 623985 | (333) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 16042134 | 10293601 | 1383080 | 9805788 | 7020 |
| &nbsp;&nbsp;&nbsp;End of period | $19620403 | $10790462 | $1585893 | $10429773 | $6687 |
| &nbsp;&nbsp;&nbsp;Beginning units | 400135 | 398412 | 45762 | 223485 | 8266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 241453 | 151975 | 1020 | 651 | 1434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (267756) | (165671) | (6693) | (29662) | (501) |
| &nbsp;&nbsp;&nbsp;Ending units | 373832 | 384716 | 40089 | 194474 | 9199 |

---

**The accompanying notes are an integral part of these financial statements.**

A54

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Invesco V.I. Health Care Fund (Series I)** | **Invesco V.I. Technology Fund (Series I)** | **Allspring VT Index Asset Allocation Fund (Class 2)** | **Allspring VT Small Cap Growth Fund (Class 2)** | **AST PGIM Aggressive Multi-Asset Portfolio** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(217636) | $(259891) | $(14609) | $(13052) | $(33506890) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 840213 | 939327 |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 159262 | (606236) | 667383 | (6878) | 143783293 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 714848 | 5545325 | 234682 | 167619 | 202908996 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 656474 | 5519411 | 1826783 | 147689 | 313185399 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 30602 | 40729 | 11024 | 1424 | 1177273 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (366270) | (128609) | (80957) |  | (2267955) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (2082499) | (1747936) | (554067) | (165862) | (268409043) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (406760) | (748519) | (821445) | (37333) | (21877593) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (1934) | (201) | (151) | 437 | (63283) |
| &nbsp;&nbsp;&nbsp;Other charges | (15608) | (15406) | (3014) | (357) | (25206698) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (2842469) | (2599942) | (1448610) | (201691) | (316647299) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (2185995) | 2919469 | 378173 | (54002) | (3461900) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 17162161 | 18042827 | 14159492 | 910925 | 2684318482 |
| &nbsp;&nbsp;&nbsp;End of period | $14976166 | $20962296 | $14537665 | $856923 | $2680856582 |
| &nbsp;&nbsp;&nbsp;Beginning units | 419693 | 810212 | 219391 | 26820 | 138758842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 10404 | 14911 | 300 | 118 | 9775784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (74383) | (113685) | (20959) | (5378) | (25240775) |
| &nbsp;&nbsp;&nbsp;Ending units | 355714 | 711438 | 198732 | 21560 | 123293851 |

---

**The accompanying notes are an integral part of these financial statements.**

A55

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Multi-Asset Diversified Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Emerging Markets Equity Portfolio** | **Allspring VT Discovery All Cap Growth Fund (Class 2)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(13653985) | $(32169349) | $(645790) | $(23044) | $(174319) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  | 76712 | 611383 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 79188257 | 104168480 | 1597014 | (582) | (246070) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 27836305 | (43810441) | 965642 | 230972 | 2197533 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 93370577 | 28188690 | 1916866 | 284058 | 2388527 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 588228 | 10 | 4984 | 2324 | 16316 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (1716519) | (2161408) | (28713) |  | (16493) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (117613604) | (271927179) | (5182111) | (225253) | (1528227) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (22427158) | (120874621) | 426568 | (80700) | (502338) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 1142 | (29938) | 508 | 308 | 131 |
| &nbsp;&nbsp;&nbsp;Other charges | (7240458) | (35869214) | (628604) | (705) | (11240) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (148408369) | (430862350) | (5407368) | (304026) | (2041851) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (55037792) | (402673660) | (3490502) | (19968) | 346676 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1033799131 | 2714067613 | 58772216 | 1634268 | 12638558 |
| &nbsp;&nbsp;&nbsp;End of period | $978761339 | $2311393953 | $55281714 | $1614300 | $12985234 |
| &nbsp;&nbsp;&nbsp;Beginning units | 44733006 | 155507385 | 6278240 | 37517 | 278807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 1157203 | 68308724 | 1225224 | 51 | 10194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (7242174) | (91920512) | (1799307) | (6501) | (45150) |
| &nbsp;&nbsp;&nbsp;Ending units | 38648035 | 131895597 | 5704157 | 31067 | 243851 |

---

**The accompanying notes are an integral part of these financial statements.**

A56

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Allspring VT Small Cap Growth Fund (Class 1)** | **AST Quantitative Modeling Portfolio** | **Invesco V.I. Diversified Dividend Fund (Series I)** | **Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)** | **Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(120318) | $(416346) | $84672 | $2716 | $(65012) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  | 596145 |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (169770) | 4138776 | 48751 | (5251) | 503756 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 1754335 | 525296 | 961970 | 3326 | 1226994 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 1464247 | 4247726 | 1691538 | 791 | 1665738 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 10821 | 70182 | 19849 | 178 | 2559 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (92958) |  | (62426) |  | (4982) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (788181) | (8466464) | (1416117) | (11732) | (403149) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (70237) | (396260) | (430105) | (4972) | (49758) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (399) | 1882 | (1950) | (313) | (1422) |
| &nbsp;&nbsp;&nbsp;Other charges | (8909) | (12193) | (12790) | (103) | (2150) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (949863) | (8802853) | (1903539) | (16942) | (458902) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 514384 | (4555127) | (212001) | (16151) | 1206836 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 8901060 | 36050863 | 15074281 | 131151 | 5678000 |
| &nbsp;&nbsp;&nbsp;End of period | $9415444 | $31495736 | $14862280 | $115000 | $6884836 |
| &nbsp;&nbsp;&nbsp;Beginning units | 283991 | 1802310 | 584521 | 12633 | 129742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 18160 | 40940 | 35987 | 1276 | 1433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (45991) | (433047) | (106071) | (2893) | (10172) |
| &nbsp;&nbsp;&nbsp;Ending units | 256160 | 1410203 | 514437 | 11016 | 121003 |

---

**The accompanying notes are an integral part of these financial statements.**

A57

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 2)** | **AST ClearBridge Dividend Growth Portfolio** | **Columbia Variable Portfolio - Government Money Market Fund (Class 1)** | **Columbia Variable Portfolio - Income Opportunities Fund (Class 1)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(25042) | $(68264) | $(818283) | $99683 | $5698 |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received | 225295 | 496885 |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 3549 | 32443 | 5340679 |  | (1526) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 78257 | 169095 | 4775852 |  | 1677 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 282059 | 630159 | 9298248 | 99683 | 5849 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 4627 | 1681 | 16417 | 1409 | 55 |
| &nbsp;&nbsp;&nbsp;Annuity payments |  | (52391) | (42423) | (1336) |  |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (133368) | (286396) | (7508354) | (553536) | (3907) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 3063 | (202458) | 162431 | 270111 |  |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (1) | (183) | (1655) | (210) |  |
| &nbsp;&nbsp;&nbsp;Other charges | (3677) | (2038) | (547906) | (1552) | (21) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (129356) | (541785) | (7921490) | (285114) | (3873) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 152703 | 88374 | 1376758 | (185431) | 1976 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 2063275 | 4909647 | 63381079 | 2685586 | 122787 |
| &nbsp;&nbsp;&nbsp;End of period | $2215978 | $4998021 | $64757837 | $2500155 | $124763 |
| &nbsp;&nbsp;&nbsp;Beginning units | 54901 | 134745 | 2353651 | 270879 | 8868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 940 | 478 | 323803 | 30925 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (3992) | (14292) | (587299) | (59188) | (277) |
| &nbsp;&nbsp;&nbsp;Ending units | 51849 | 120931 | 2090155 | 242616 | 8595 |

---

**The accompanying notes are an integral part of these financial statements.**

A58

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Large-Cap Equity Portfolio** | **AST Bond Portfolio 2025** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2027** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(1722084) | $(284802) | $(280312) | $(709635) | $(7270) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 3729705 | 343019 | (438526) | (659741) | (739464) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 26057230 | 555349 | 1152724 | 2046040 | 1394228 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 28064851 | 613566 | 433886 | 676664 | 647494 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 784006 |  |  | 5 | 50087 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (365817) |  |  |  | (85949) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (13687200) | (1876679) | (3160852) | (3942721) | (1517503) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 9013801 | 18568802 | (370859) | (2360149) | (612416) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 20580 | (128) | 16 | (468) | (974) |
| &nbsp;&nbsp;&nbsp;Other charges | (811892) | (3539) | (12065) | (14348) | (15284) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (5046522) | 16688456 | (3543760) | (6317681) | (2182039) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 23018329 | 17302022 | (3109874) | (5641017) | (1534545) |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 127098506 | 2830105 | 18838353 | 40313644 | 14500939 |
| &nbsp;&nbsp;&nbsp;End of period | $150116835 | $20132127 | $15728479 | $34672627 | $12966394 |
| &nbsp;&nbsp;&nbsp;Beginning units | 4607491 | 249967 | 1901329 | 4226660 | 1412662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 683626 | 2348025 | 168461 | 243798 | 93753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (847407) | (889451) | (529858) | (909756) | (298733) |
| &nbsp;&nbsp;&nbsp;Ending units | 4443710 | 1708541 | 1539932 | 3560702 | 1207682 |

---

**The accompanying notes are an integral part of these financial statements.**

A59

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2031** | **MFS® International Growth Portfolio (Service Class)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(963215) | $(65386) | $(620840) | $(490827) | $(1496) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  | 1318 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (1141169) | 20234 | (933010) | (1387569) | 39967 |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 2454228 | 23362 | 1286713 | 1334839 | (10371) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 349844 | (21790) | (267137) | (543557) | 29418 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments |  |  |  |  | 2 |
| &nbsp;&nbsp;&nbsp;Annuity payments | (103768) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (8801322) | (282630) | (4693961) | (6587501) | (10957) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | (1949910) | (766410) | (312484) | 3626214 | (6633) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | 2450 | (52) | (185) | (1955) | 19 |
| &nbsp;&nbsp;&nbsp;Other charges | (21876) | (669) | (23516) | (17473) |  |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (10874426) | (1049761) | (5030146) | (2980715) | (17569) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (10524582) | (1071551) | (5297283) | (3524272) | 11849 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 60054337 | 3349453 | 42281188 | 32975230 | 216391 |
| &nbsp;&nbsp;&nbsp;End of period | $49529755 | $2277902 | $36983905 | $29450958 | $228240 |
| &nbsp;&nbsp;&nbsp;Beginning units | 6127009 | 350329 | 4174676 | 3812352 | 15877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 58130 | 7606 | 132997 | 893586 | 46963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (1168263) | (118716) | (633217) | (1248984) | (47239) |
| &nbsp;&nbsp;&nbsp;Ending units | 5016876 | 239219 | 3674456 | 3456954 | 15601 |

---

**The accompanying notes are an integral part of these financial statements.**

A60

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Value Series (Service Class)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **Invesco V.I. Discovery Mid Cap Growth Fund (Series I)** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $19460 | $6919 | $2916 | $1360176 | $(118008) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  | 38090 | 233662 |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | 972 | (2089) | (24012) |  | (9078) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | (44057) | 1421 | 7740 |  | 1935030 |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | (23625) | 44341 | 220306 | 1360176 | 1807944 |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments |  | 1741 | 58749 | 3517244 | 9450 |
| &nbsp;&nbsp;&nbsp;Annuity payments |  |  |  |  | (33628) |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (43984) | (39918) | (307688) | (17284301) | (567656) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 1260908 | 87357 | 938012 | 16293133 | (429107) |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (9) | (236) | 2121 | (228) | 821 |
| &nbsp;&nbsp;&nbsp;Other charges |  |  |  | (5786) | (11109) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | 1216915 | 48944 | 691194 | 2520062 | (1031229) |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | 1193290 | 93285 | 911500 | 3880238 | 776715 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 649061 | 782358 | 2871668 | 24712244 | 8382575 |
| &nbsp;&nbsp;&nbsp;End of period | $1842351 | $875643 | $3783168 | $28592482 | $9159290 |
| &nbsp;&nbsp;&nbsp;Beginning units | 69487 | 59956 | 186416 | 2332662 | 648052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 214923 | 70789 | 280311 | 3413702 | 15298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (89115) | (67472) | (243263) | (3169908) | (85887) |
| &nbsp;&nbsp;&nbsp;Ending units | 195295 | 63273 | 223464 | 2576456 | 577463 |

---

**The accompanying notes are an integral part of these financial statements.**

A61

------

**FINANCIAL STATEMENTS OF**

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**STATEMENTS OF CHANGES IN NET ASSETS**

For the period ended December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** | **SUBACCOUNTS** |
| | **AST Global Bond Portfolio** | **AST Bond Portfolio 2032** | **AST Bond Portfolio 2033** | **AST Bond Portfolio 2034** | **AST Bond Portfolio 2035** |
| | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/1/2024**<br>**to**<br>**12/31/2024** | **1/2/2024\***<br>**to**<br>**12/31/2024** |
| **OPERATIONS** | | | | | |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(1053458) | $(631466) | $(1050) | $(8984) | $(3844) |
| &nbsp;&nbsp;&nbsp;Capital gains distributions received |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on shares redeemed | (855571) | (2261459) | 21895 | (8991) | (26788) |
| &nbsp;&nbsp;&nbsp;Net change in unrealized appreciation (depreciation) on investments | 2991863 | 2297309 | (28890) | (13438) | (7314) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM OPERATIONS** | 1082834 | (595616) | (8045) | (31413) | (37946) |
| **CONTRACT OWNER TRANSACTIONS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owner net payments | 116887 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Annuity payments | (203640) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Surrenders, withdrawals and death benefits | (9675718) | (15938937) | (171210) | (197971) | (7434) |
| &nbsp;&nbsp;&nbsp;Net transfers between other subaccounts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or fixed rate option | 7923909 | (976246) | (64219) | 538777 | 233889 |
| &nbsp;&nbsp;&nbsp;Miscellaneous transactions | (5676) | 11035 | (2) | 839 |  |
| &nbsp;&nbsp;&nbsp;Other charges | (348036) | (19112) | (20) | (677) | (27) |
| **NET INCREASE (DECREASE) IN NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**RESULTING FROM CONTRACT OWNER TRANSACTIONS** | (2192274) | (16923260) | (235451) | 340968 | 226428 |
| **TOTAL INCREASE (DECREASE) IN NET ASSETS** | (1109440) | (17518876) | (243496) | 309555 | 188482 |
| **NET ASSETS** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 78304446 | 50604334 | 243496 | 27868 |  |
| &nbsp;&nbsp;&nbsp;End of period | $77195006 | $33085458 | $— | $337423 | $188482 |
| &nbsp;&nbsp;&nbsp;Beginning units | 8799838 | 6649309 | 30344 | 2722 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units issued | 1700595 | 49754 | 1052 | 229916 | 143035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Units redeemed | (1939145) | (2250585) | (31396) | (197962) | (123323) |
| &nbsp;&nbsp;&nbsp;Ending units | 8561288 | 4448478 |  | 34676 | 19712 |

---

\*Date subaccount became available for investment.

**The accompanying notes are an integral part of these financial statements.**

A62

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B**

**Note 1:&nbsp;&nbsp;&nbsp;&nbsp;General**

Fortitude Life Insurance & Annuity Company Variable Account B (the "Account", formerly Prudential Annuities Life Assurance Corporation Variable Account B) was established under the laws of the State of Connecticut on November 25, 1987 to fund variable annuities offered by Prudential Annuities Life Assurance Corporation ("PALAC", now known as Fortitude Life Insurance & Annuity Company ("FLIAC")). Prior to April 1, 2022, PALAC was a wholly-owned subsidiary of Prudential Annuities, Inc. ("PAI") which was an indirect, wholly-owned subsidiary of Prudential Financial, Inc. ("Prudential Financial"). On April 1, 2022, PAI completed the sale of its equity interest in PALAC to Fortitude Group Holdings, LLC ("FGH"), the parent company of Fortitude Reinsurance Company, Ltd, and as a result, FLIAC became a wholly-owned subsidiary of FGH and is no longer an affiliate of Prudential Financial or any of its affiliates.

On April 1, 2022, FGH and Prudential Financial entered into an Administrative Service Agreement whereby Prudential Financial continues to administer and service the contracts noted below, including the payment of benefits and oversight of investment management.

Under applicable insurance law, the assets and liabilities of the Account are clearly identified and distinguished from the other assets and liabilities of FLIAC. The assets of the Account will not be charged with any liabilities arising out of any other business FLIAC may conduct. However, the Account's obligations, including insurance benefits related to the variable annuities, are the obligations of FLIAC.

On August 30, 2013, PALAC received approval from the Arizona and Connecticut Departments of Insurance to redomesticate PALAC from Connecticut to Arizona effective August 31, 2013. As a result of the redomestication and sale, FLIAC is an Arizona insurance company and its principal insurance regulatory authority is the Arizona Department of Insurance. The Account is operated in accordance with the laws of Arizona. There was no impact to the operation of the Account.

The Account is registered with the Securities and Exchange Commission ("SEC") under the Investment Company Act of 1940, as amended, as a unit investment trust. The Account is a funding vehicle for several flexible premium deferred individual variable annuity contracts, as well as two immediate individual variable annuities issued by FLIAC (individually, a "contract" or "product" and collectively, the "contracts" or "products"). The following is a list of each contract funded through the Account.

A63

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | |
|:---|:---|
| Advanced Series Advisor Plan ("ASAP") | Advanced Series XTra Credit Premier ("XTra Credit Premier") |
| Advanced Series Advisor Plan II ("ASAP II") | Advanced Series XTra Credit SIX ("XTra Credit SIX") |
| Advanced Series Advisor Plan II ("Emerald Choice")\* | Advisors Choice Advisors Select |
| Advanced Series Advisor Plan II ("Imperium")\* | Alliance Capital Navigator Annuity ("ACN") |
| Advanced Series Advisor Plan II Premier ("ASAP II Premier") | FlexGuard |
| Advanced Series Advisor Plan III ("ASAP III") | FlexGuard Income |
| Advanced Series Advisors Choice 2000 ("Choice 2000") | Galaxy Variable Annuity ("Galaxy III") |
| Advanced Series Advisors Income Annuity ("ASAIA") | Harvester Variable Annuity ("Harvester Variable Annuity") |
| Advanced Series Apex ("Apex") | Harvester XTra Credit ("Harvester XTra Credit") |
| Advanced Series Apex II ("Apex II") | Optimum |
| Advanced Series Cornerstone ("AS Cornerstone") | Optimum Four |
| Advanced Series Impact ("AS Impact") | Optimum Plus |
| Advanced Series Impact ("Defined Investments Annuity")\* | Optimum XTra |
| Advanced Series LifeVest ("ASL") | Personal Security Annuity ("PSA") |
| Advanced Series LifeVest II ("ASL II") | Stagecoach Advanced Series Advisor Plan III |
| Advanced Series LifeVest II Premier ("ASL II Premier") | Stagecoach APEX |
| Advanced Series LifeVest Premier ("ASL Premier") | Stagecoach Apex II |
| Advanced Series Protector ("AS Protector") | Stagecoach Variable Annuity |
| Advanced Series Variable Immediate Annuity ("ASVIA") | Stagecoach Variable Annuity Flex |
| Advanced Series XTra Credit ("XTra Credit") | Stagecoach Variable Annuity Plus |
| Advanced Series XTra Credit EIGHT ("XTra Credit EIGHT") | Stagecoach XTra Credit |
| Advanced Series XTra Credit FOUR ("XTtra Credit FOUR") | Stagecoach XTra Credit SIX |
| Advanced Series XTra Credit FOUR Premier ("XTra Credit |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FOUR Premier") |  |
| \*Different product version offered from the original product. |  |

---

The contracts may be used as an investment vehicle for "qualified" investments, including an Individual Retirement Account, Simplified Employee Pension Individual Retirement Account, Roth Individual Retirement Account or Tax Sheltered Annuity (403 (b)) or as an investment vehicle for "non-qualified" investments. When a contract is purchased as a "qualified" investment, it does not provide any tax advantages in addition to the preferential treatment already available under the Internal Revenue Code.

The contracts offer the option to invest in various subaccounts listed below (collectively, the "Portfolios"). Investment options vary by contract.

The corresponding subaccount names are as follows:

---

| |
|:---|
| AST Large-Cap Growth Portfolio |
| AST Government Money Market Portfolio |
| AST Cohen & Steers Realty Portfolio\* |
| AST J.P. Morgan Conservative Multi-Asset Portfolio |
| AST High Yield Portfolio\* |
| AST Large-Cap Value Portfolio |
| AST Small-Cap Equity Portfolio |
| AST T. Rowe Price Natural Resources Portfolio\* |
| AST MFS Global Equity Portfolio\* |
| AST International Equity Portfolio |
| AST Aggressive Asset Allocation Portfolio (formerly AST Capital Growth Asset Allocation Portfolio) |
| AST Multi-Asset Diversified Plus Portfolio (formerly AST Academic Strategies Asset Allocation Portfolio) |
| AST Balanced Asset Allocation Portfolio |
| AST Preservation Asset Allocation Portfolio |
| AST J.P. Morgan Moderate Multi-Asset Portfolio |
| AST Core Fixed Income Portfolio |
| Davis Equity Portfolio |
| Columbia Variable Portfolio - Small Company Growth Fund (Class 1) |
| ProFund VP Asia 30 |
| ProFund VP Banks |
| ProFund VP Bear |

---

A64

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| |
|:---|
| ProFund VP Biotechnology |
| ProFund VP Materials |
| ProFund VP UltraBull |
| ProFund VP Bull |
| ProFund VP Consumer Discretionary |
| ProFund VP Consumer Staples |
| ProFund VP Energy |
| ProFund VP Europe 30 |
| ProFund VP Financials |
| ProFund VP U.S. Government Plus |
| ProFund VP Health Care |
| ProFund Access VP High Yield Fund |
| ProFund VP Industrials |
| ProFund VP Internet |
| ProFund VP Japan |
| ProFund VP Precious Metals |
| ProFund VP Mid-Cap Growth |
| ProFund VP Mid-Cap Value |
| ProFund VP Pharmaceuticals |
| ProFund VP Real Estate |
| ProFund VP Rising Rates Opportunity |
| ProFund VP Nasdaq-100 |
| ProFund VP Semiconductor |
| ProFund VP Small-Cap Growth |
| ProFund VP Short Mid-Cap |
| ProFund VP Short Nasdaq-100 |
| ProFund VP Short Small-Cap |
| ProFund VP Small-Cap Value |
| ProFund VP Technology |
| ProFund VP Communication Services |
| ProFund VP UltraMid-Cap |
| ProFund VP UltraNasdaq-100 |
| ProFund VP UltraSmall-Cap |
| ProFund VP Utilities |
| ProFund VP Large-Cap Growth |
| ProFund VP Large-Cap Value |
| Rydex VT Nova Fund |
| Rydex VT NASDAQ-100® Fund |
| Rydex VT Inverse S&P 500® Strategy Fund |
| Invesco V.I. Health Care Fund (Series I) |
| Invesco V.I. Technology Fund (Series I) |
| Allspring VT Index Asset Allocation Fund (Class 2) |
| Allspring VT Small Cap Growth Fund (Class 2) |
| AST PGIM Aggressive Multi-Asset Portfolio (formerly AST Prudential Growth Allocation Portfolio) |
| AST Multi-Asset Diversified Portfolio (formerly AST Advanced Strategies Portfolio) |
| AST Investment Grade Bond Portfolio |
| AST Emerging Markets Equity Portfolio\* |
| Allspring VT Discovery All Cap Growth Fund (Class 2) |
| Allspring VT Discovery All Cap Growth Fund (Class 1) |
| Allspring VT Small Cap Growth Fund (Class 1) |
| AST Quantitative Modeling Portfolio |
| Invesco V.I. Diversified Dividend Fund (Series I) |
| Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1) |
| Columbia Variable Portfolio - Large Cap Growth Fund (Class 1) |
| Allspring VT Opportunity Fund (Class 1) |
| Allspring VT Opportunity Fund (Class 2) |
| AST ClearBridge Dividend Growth Portfolio\* |

---

A65

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| |
|:---|
| Columbia Variable Portfolio - Government Money Market Fund (Class 1) |
| Columbia Variable Portfolio - Income Opportunities Fund (Class 1) |
| AST Large-Cap Equity Portfolio (formerly AST Large-Cap Core Portfolio) |
| AST Bond Portfolio 2025\*\* |
| AST Bond Portfolio 2026 |
| AST Bond Portfolio 2027 |
| NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D) (formerly NVIT Emerging Markets Fund (Class D)) |
| AST Bond Portfolio 2028 |
| AST Bond Portfolio 2029 |
| AST Bond Portfolio 2030 |
| AST Bond Portfolio 2031 |
| MFS® International Growth Portfolio (Service Class) |
| MFS® Total Return Bond Series (Service Class) |
| MFS® Total Return Series (Service Class) |
| MFS® Value Series (Service Class) |
| PSF PGIM Government Money Market Portfolio (Class III) |
| Invesco V.I. Discovery Mid Cap Growth Fund (Series I) |
| AST Global Bond Portfolio\* |
| AST Bond Portfolio 2032 |
| AST Bond Portfolio 2033\*\*\* |
| AST Bond Portfolio 2034 |
| AST Bond Portfolio 2035 |
| AST Bond Portfolio 2036 |

---

\* Subaccount merged during the period ended December 31, 2025.

\*\* Subaccount liquidated during the period ended December 31, 2025.

\*\*\* Subaccount was available for investment but had no assets as of December 31, 2025, and had no activity during 2025.

The following table sets forth the dates at which mergers took place in the Account. The transfers from the removed subaccounts to the surviving subaccounts for the period ended December 31, 2025 are reflected in the Statements of Changes in Net Assets as net transfers between subaccounts and purchases and sales in Note 5.

---

| | | |
|:---|:---|:---|
| **<u>Merger Date</u>** | **<u>Removed Portfolio</u>** | **<u>Surviving Portfolio</u>** |
| January 10, 2025  | AST Emerging Markets Equity Portfolio | AST International Equity Portfolio |
| January 24, 2025  | AST Cohen & Steers Realty Portfolio | AST Large-Cap Equity Portfolio |
| January 24, 2025  | AST T. Rowe Price Natural Resources Portfolio | AST Large-Cap Equity Portfolio |
| January 24, 2025  | AST MFS Global Equity Portfolio | AST Large-Cap Equity Portfolio |
| January 24, 2025  | AST ClearBridge Dividend Growth Portfolio | AST Large-Cap Equity Portfolio |
| February 7, 2025  | AST High Yield Portfolio | AST Core Fixed Income Portfolio |
| February 7, 2025  | AST Global Bond Portfolio | AST Core Fixed Income Portfolio |

---

New sales of certain products which invest in the Account have been discontinued. However, premium payments made by contract owners will continue to be received by the Account, subject to the rules of the products and any optional benefits, if elected.

The Portfolios are open-end management investment companies. Each subaccount of the Account indirectly bears exposure to risks which may be interrelated and include, but are not limited to, the market, credit and liquidity risks of the portfolio in which it invests. These financial statements should be read in conjunction with the financial statements and footnotes of the Portfolios. Additional information on these Portfolios is available upon request to the appropriate companies.

A66

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

The Account is an independent accounting entity established by the resolution of the insurance company's board of directors or trustees to engage in a single line of business for the insurance company's variable contracts. The Account is comprised of multiple subaccounts to invest in its specific corresponding Portfolio. Each subaccount of the Account constitutes a single reportable segment because its separate financial information is available, regularly evaluated and used by the chief operating decision maker ("CODM") to measure the segment's performance, and also to assess the allocation of resources across the segments. The accounting policies of the segments is the same as those described in Note 2: *Significant Accounting Policies*.

The Account's CODM is a group of executives that include FLIAC's Managing Director, Prudential's life company investment committee and the business leaders associated with each Account. Overall business decisions for the Account are made by this group of executives, including the investment strategy, capital allocation and expense structure of each subaccount, in accordance with the contract and applicable regulations. The measure of segment profit or loss is reported on the Statements of Operations as "Net Increase (Decrease) in Net Assets Resulting from Operations" and the measure of segment assets is reported as "Net Assets" on the Statements of Net Assets. Due to the nature of the business, the segment's significant expenses are charges for mortality and expense risk, charges for administration and/or reimbursement for excess expenses which are reported separately on the Statements of Operations and/or Statements of Changes in Net Assets.

**Note 2:&nbsp;&nbsp;&nbsp;&nbsp;Significant Accounting Policies**

The Account is an investment company and, accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board Accounting Standards Codification Topic 946, *Financial Services-Investment Companies*, which is part of the generally accepted accounting principles in the United States of America ("GAAP"). The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures at the date of the financial statements and the reported amounts of increases and decreases in net assets resulting from operations during the reporting period. Actual results could differ from those estimates. The most significant estimates relate to the valuation of investments in the Portfolios. Subsequent events have been evaluated through the date these financial statements were issued, and no adjustment or disclosure is required in the financial statements.

<u>Investments</u> - The investments in shares of the Portfolios are stated at the reported net asset value per share of the respective Portfolios, which is based on the fair value of the underlying securities in the respective Portfolios. All changes in fair value are recorded as net change in unrealized appreciation (depreciation) on investments in the Statements of Operations of the applicable subaccounts.

<u>Security Transactions</u> - Purchase and sale transactions are recorded as of the trade date of the security being purchased or sold. Realized gains and losses on security transactions are determined based upon the first in, first out method.

<u>Dividend Income and Distributions Received</u> - Dividend and capital gain distributions received are reinvested in additional shares of the Portfolios and are recorded on the ex-distribution date.

<u>Contracts in payout (annuitization) period</u> - Net assets allocated to contracts in the payout period are computed according to the industry standard mortality tables. The assumed investment return varies by product version; 4 percent for Stabilized, 3 percent for Guaranteed, and from 3 percent to 7 percent as elected by the annuitant for Traditional. Rates above 5 percent may be restricted in certain states. The mortality risk is fully borne by FLIAC and may result in additional amounts being transferred into the Account by FLIAC to cover greater longevity of annuitants than expected. A receivable is established for amounts due but not yet received. The amounts are included in "Contract owner net payments" on the Statements of Changes in Net Assets.

A67

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

**Note 3:&nbsp;&nbsp;&nbsp;&nbsp;Fair Value Measurements**

Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative fair value guidance establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are as follows:

Level 1 - Fair value is based on unadjusted quoted prices in active markets for identical assets or liabilities that the Account can access.

Level 2 - Fair value is based on significant inputs, other than Level 1 inputs, that are observable for the investment, either directly or indirectly, for substantially the full term of the investment through corroboration with observable market data. Level 2 inputs include the reported net asset value per share of the underlying portfolio, quoted market prices in active markets for similar investments, quoted market prices in markets that are not active for identical or similar investments, and other market observable inputs.

Level 3 - Fair value is based on at least one significant unobservable input for the investment, which may require significant judgment or estimation in determining the fair value.

As of December 31, 2025, management determined that the fair value inputs for all of the Account's investments, which consist solely of investments in open-end mutual funds registered with the SEC, were considered Level 2.

**Note 4:&nbsp;&nbsp;&nbsp;&nbsp;Taxes**

FLIAC is taxed as a "life insurance company" as defined by the Internal Revenue Code. The results of operations of the Account form a part of FLIAC's consolidated federal tax return. No federal, state or local income taxes are payable by the Account. As such, no provision for tax liability has been recorded in these financial statements. FLIAC management will review periodically the status of the policy in the event of changes in the tax law.

**Note 5:&nbsp;&nbsp;&nbsp;&nbsp;Purchases and Sales of Investments**

The aggregate costs of purchases and proceeds from sales, excluding distributions received and reinvested, of investments in the Portfolios for the period ended December 31, 2025 were as follows:

---

| | | |
|:---|:---|:---|
| | **Purchases** | **Sales** |
| AST Large-Cap Growth Portfolio | $72186689 | $385175299 |
| AST Government Money Market Portfolio | 294246122 | 316426313 |
| AST Cohen & Steers Realty Portfolio | 806754 | 84518303 |
| AST J.P. Morgan Conservative Multi-Asset Portfolio | 73110726 | 150812463 |
| AST High Yield Portfolio | 3716359 | 92828827 |
| AST Large-Cap Value Portfolio | 43480527 | 183669116 |
| AST Small-Cap Equity Portfolio | 34204958 | 88747653 |
| AST T. Rowe Price Natural Resources Portfolio | 789887 | 73864800 |
| AST MFS Global Equity Portfolio | 703364 | 124860796 |
| AST International Equity Portfolio | 80319683 | 112592994 |
| AST Aggressive Asset Allocation Portfolio | 52644388 | 574199645 |
| AST Multi-Asset Diversified Plus Portfolio | 69562608 | 171403333 |
| AST Balanced Asset Allocation Portfolio | 109084760 | 715872468 |
| AST Preservation Asset Allocation Portfolio | 74476308 | 187530574 |
| AST J.P. Morgan Moderate Multi-Asset Portfolio | 25812074 | 70619866 |
| AST Core Fixed Income Portfolio | 306485659 | 277132464 |
| Davis Equity Portfolio | 1182 | 98283 |

---

A68

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | |
|:---|:---|:---|
| | **Purchases** | **Sales** |
| Columbia Variable Portfolio - Small Company Growth Fund (Class 1) | $111 | $33021 |
| ProFund VP Asia 30 | 2486280 | 3373847 |
| ProFund VP Banks | 11278248 | 11152512 |
| ProFund VP Bear | 1525188 | 971532 |
| ProFund VP Biotechnology | 3020938 | 3669909 |
| ProFund VP Materials | 1429608 | 1645837 |
| ProFund VP UltraBull | 2863868 | 5052440 |
| ProFund VP Bull | 28846864 | 30720475 |
| ProFund VP Consumer Discretionary | 2081614 | 3588825 |
| ProFund VP Consumer Staples | 3849167 | 3446377 |
| ProFund VP Energy | 8318508 | 9808758 |
| ProFund VP Europe 30 | 2102618 | 2545661 |
| ProFund VP Financials | 3249766 | 4909442 |
| ProFund VP U.S. Government Plus | 2470139 | 2772135 |
| ProFund VP Health Care | 4948781 | 7183043 |
| ProFund Access VP High Yield Fund | 375312 | 463850 |
| ProFund VP Industrials | 2836900 | 3366803 |
| ProFund VP Internet | 1395829 | 2330847 |
| ProFund VP Japan | 2468824 | 2907377 |
| ProFund VP Precious Metals | 25633735 | 26473842 |
| ProFund VP Mid-Cap Growth | 7789541 | 7896893 |
| ProFund VP Mid-Cap Value | 7200739 | 7967853 |
| ProFund VP Pharmaceuticals | 1872110 | 1964624 |
| ProFund VP Real Estate | 1939189 | 2008176 |
| ProFund VP Rising Rates Opportunity | 1423954 | 1630422 |
| ProFund VP Nasdaq-100 | 24898054 | 27550734 |
| ProFund VP Semiconductor | 28072645 | 30738644 |
| ProFund VP Small-Cap Growth | 2171158 | 3344738 |
| ProFund VP Short Mid-Cap | 719908 | 716181 |
| ProFund VP Short Nasdaq-100 | 1470329 | 1761023 |
| ProFund VP Short Small-Cap | 1213332 | 1257240 |
| ProFund VP Small-Cap Value | 2394317 | 3036930 |
| ProFund VP Technology | 2842773 | 4469092 |
| ProFund VP Communication Services | 2744606 | 3937450 |
| ProFund VP UltraMid-Cap | 6610580 | 6704218 |
| ProFund VP UltraNasdaq-100 | 10388248 | 19394701 |
| ProFund VP UltraSmall-Cap | 12917880 | 13160106 |
| ProFund VP Utilities | 4138510 | 5471998 |
| ProFund VP Large-Cap Growth | 10127455 | 10290964 |
| ProFund VP Large-Cap Value | 2343912 | 4336493 |
| Rydex VT Nova Fund | 9267 | 109285 |
| Rydex VT NASDAQ-100® Fund | 28506 | 1497890 |
| Rydex VT Inverse S&P 500® Strategy Fund | 1229 | 120 |
| Invesco V.I. Health Care Fund (Series I) | 648581 | 2061520 |
| Invesco V.I. Technology Fund (Series I) | 635462 | 3350566 |
| Allspring VT Index Asset Allocation Fund (Class 2) | 132595 | 1788396 |
| Allspring VT Small Cap Growth Fund (Class 2) | 2106 | 35377 |
| AST PGIM Aggressive Multi-Asset Portfolio | 169802648 | 540163841 |
| AST Multi-Asset Diversified Portfolio | 28005619 | 175417483 |
| AST Investment Grade Bond Portfolio | 1025694772 | 1537004856 |
| AST Emerging Markets Equity Portfolio | 104772 | 54617183 |
| Allspring VT Discovery All Cap Growth Fund (Class 2) | 22289 | 93232 |

---

A69

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | |
|:---|:---|:---|
| | **Purchases** | **Sales** |
| Allspring VT Discovery All Cap Growth Fund (Class 1) | $1057908 | $2780550 |
| Allspring VT Small Cap Growth Fund (Class 1) | 679508 | 1324185 |
| AST Quantitative Modeling Portfolio | 1860595 | 8005485 |
| Invesco V.I. Diversified Dividend Fund (Series I) | 1236731 | 2705031 |
| Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1) | 130 | 10457 |
| Columbia Variable Portfolio - Large Cap Growth Fund (Class 1) | 31081 | 836022 |
| Allspring VT Opportunity Fund (Class 1) | 49321 | 454228 |
| Allspring VT Opportunity Fund (Class 2) | 17715 | 644977 |
| AST ClearBridge Dividend Growth Portfolio | 607529 | 67690987 |
| Columbia Variable Portfolio - Government Money Market Fund (Class 1) | 492197 | 929646 |
| Columbia Variable Portfolio - Income Opportunities Fund (Class 1) | 14072 | 94231 |
| AST Large-Cap Equity Portfolio | 383894686 | 100937228 |
| AST Bond Portfolio 2025 | 9454585 | 29871395 |
| AST Bond Portfolio 2026 | 19920560 | 16382320 |
| AST Bond Portfolio 2027 | 1878705 | 8654631 |
| NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D) | 1495302 | 3428474 |
| AST Bond Portfolio 2028 | 538957 | 10081986 |
| AST Bond Portfolio 2029 | 93274 | 2201676 |
| AST Bond Portfolio 2030 | 1781351 | 6772769 |
| AST Bond Portfolio 2031 | 8073753 | 12911213 |
| MFS® International Growth Portfolio (Service Class) | 603940 | 114834 |
| MFS® Total Return Bond Series (Service Class) | 1246420 | 330183 |
| MFS® Total Return Series (Service Class) | 537347 | 529888 |
| MFS® Value Series (Service Class) | 5365829 | 4592040 |
| PSF PGIM Government Money Market Portfolio (Class III) | 53510936 | 50984135 |
| Invesco V.I. Discovery Mid Cap Growth Fund (Series I) | 266443 | 1524325 |
| AST Global Bond Portfolio | 831558 | 78439963 |
| AST Bond Portfolio 2032 | 6581097 | 9871510 |
| AST Bond Portfolio 2033 |  |  |
| AST Bond Portfolio 2034 | 3050971 | 2432538 |
| AST Bond Portfolio 2035 | 7520148 | 6530210 |
| AST Bond Portfolio 2036 | 169360 | 28581 |

---

**Note 6:&nbsp;&nbsp;&nbsp;&nbsp;Related Party Transactions**

The Account had extensive transactions and relationships with Prudential Financial and its affiliates, which prior to April 1, 2022 were affiliated to the Account and PALAC. After the sale to FGH on April 1, 2022, Prudential Financial is no longer affiliated with the Account and FLIAC. Due to former affiliated relationships, it is possible that the terms of these transactions are not the same as those that would result from transactions among wholly unrelated parties. Prudential Financial and its affiliates perform various services on behalf of the portfolios in which the Account invests and may receive fees for the services performed.

There were no transactions with related parties during the period ended December 31, 2025.

**Note 7:&nbsp;&nbsp;&nbsp;&nbsp;Financial Highlights**

FLIAC sells a number of variable annuity products that are funded through the Account. These products have unique combinations of features and fees that are charged against the contract owner's account balance. Differences in the fee structures result in a variety of unit values, expense ratios and total returns.

A70

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

In the table below, the units outstanding, the ranges of lowest to highest unit values, the net assets, the investment income ratio, expense ratios, and total returns are presented for the products offered by FLIAC and funded through the Account. Only product designs within each subaccount that had units outstanding during the respective periods were considered when determining the ranges. The summary may not reflect the minimum and maximum contract charges as contract owners may not have selected all available contract options offered by FLIAC.

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** | **AST Large-Cap Growth Portfolio** |
| December 31, 2025 | 16927 | $45.95 | to | $147.24 | $1781072 | 0.00% |  | 0.65% | to | 2.75% | 13.85% | to | 16.30% |
| December 31, 2024 | 19976 | $40.15 | to | $126.60 | $1819614 | 0.00% |  | 0.65% | to | 3.05% | 26.17% | to | 29.31% |
| December 31, 2023 | 20427 | $31.56 | to | $97.90 | $1419703 | 0.00% |  | 0.65% | to | 3.05% | 39.27% | to | 42.70% |
| December 31, 2022 | 23871 | $22.48 | to | $68.61 | $1162023 | 0.00% |  | 0.65% | to | 3.05% | -35.24% | to | -33.64% |
| December 31, 2021 | 8933 | $34.43 | to | $103.39 | $666219 | 0.00% |  | 0.65% | to | 3.05% | 13.54% | to | 16.35% |
|  | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** | **AST Government Money Market Portfolio** |
| December 31, 2025 | 37046 | $7.71 | to | $16.66 | $454127 | 3.72% |  | 0.65% | to | 2.75% | 0.93% | to | 3.11% |
| December 31, 2024 | 37955 | $7.64 | to | $16.16 | $459229 | 4.66% |  | 0.65% | to | 2.75% | 1.86% | to | 4.08% |
| December 31, 2023 | 39949 | $7.50 | to | $15.53 | $462648 | 4.52% |  | 0.65% | to | 2.75% | 1.75% | to | 3.94% |
| December 31, 2022 | 45383 | $6.87 | to | $14.94 | $514774 | 1.24% |  | 0.65% | to | 3.05% | -1.85% | to | 0.57% |
| December 31, 2021 | 39976 | $7.00 | to | $14.86 | $453953 | 0.00% | (1) | 0.65% | to | 3.05% | -3.05% | to | -0.65% |
|  | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** | **AST Cohen & Steers Realty Portfolio (merged January 24, 2025)** |
| December 31, 2025 |  | $25.76 | to | $76.90 | $— | 0.00% |  | 0.65% | to | 3.05% | 1.48% | to | 1.64% |
| December 31, 2024 | 1295 | $25.38 | to | $75.66 | $82351 | 0.00% |  | 0.65% | to | 3.05% | 3.40% | to | 5.97% |
| December 31, 2023 | 1541 | $24.47 | to | $71.39 | $92965 | 0.00% |  | 0.65% | to | 3.05% | 8.67% | to | 11.36% |
| December 31, 2022 | 1372 | $22.45 | to | $64.11 | $74354 | 0.00% |  | 0.65% | to | 2.75% | -27.41% | to | -25.85% |
| December 31, 2021 | 1819 | $30.93 | to | $86.46 | $132648 | 0.00% |  | 0.65% | to | 2.75% | 38.92% | to | 41.92% |
|  | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** | **AST J.P. Morgan Conservative Multi-Asset Portfolio** |
| December 31, 2025 | 20726 | $13.96 | to | $47.17 | $608550 | 0.00% |  | 0.65% | to | 3.05% | 7.01% | to | 9.66% |
| December 31, 2024 | 23501 | $13.02 | to | $43.02 | $628472 | 0.00% |  | 0.65% | to | 3.05% | 2.94% | to | 5.50% |
| December 31, 2023 | 27196 | $12.62 | to | $40.78 | $693578 | 0.00% |  | 0.65% | to | 3.05% | 7.00% | to | 9.64% |
| December 31, 2022 | 26684 | $11.77 | to | $37.19 | $623092 | 0.00% |  | 0.65% | to | 3.05% | -18.29% | to | -16.27% |
| December 31, 2021 | 40802 | $14.38 | to | $44.42 | $1142547 | 0.00% |  | 0.65% | to | 3.05% | 4.66% | to | 7.25% |
|  | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** | **AST High Yield Portfolio (merged February 7, 2025)** |
| December 31, 2025 |  | $15.11 | to | $41.02 | $— | 0.00% |  | 0.65% | to | 2.75% | 1.19% | to | 1.41% |
| December 31, 2024 | 2863 | $14.93 | to | $40.45 | $87827 | 0.00% |  | 0.65% | to | 2.75% | 4.60% | to | 6.87% |
| December 31, 2023 | 3154 | $14.28 | to | $37.85 | $91908 | 0.00% |  | 0.65% | to | 2.75% | 7.52% | to | 9.84% |
| December 31, 2022 | 3491 | $13.28 | to | $34.46 | $92827 | 0.00% |  | 0.65% | to | 2.75% | -13.94% | to | -12.09% |
| December 31, 2021 | 4604 | $15.43 | to | $39.20 | $138421 | 0.00% |  | 0.65% | to | 2.75% | 3.41% | to | 5.64% |
|  | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** | **AST Large-Cap Value Portfolio** |
| December 31, 2025 | 18560 | $26.19 | to | $94.59 | $982476 | 0.00% |  | 0.65% | to | 3.05% | 12.51% | to | 15.29% |
| December 31, 2024 | 21237 | $23.21 | to | $82.04 | $981383 | 0.00% |  | 0.65% | to | 3.05% | 6.56% | to | 9.21% |
| December 31, 2023 | 18580 | $21.71 | to | $75.12 | $764191 | 0.00% |  | 0.65% | to | 3.05% | 6.41% | to | 9.04% |
| December 31, 2022 | 20469 | $20.34 | to | $68.89 | $776641 | 0.00% |  | 0.65% | to | 3.05% | -1.39% | to | 1.04% |
| December 31, 2021 | 6928 | $20.57 | to | $68.18 | $261525 | 0.00% |  | 0.65% | to | 2.75% | 25.66% | to | 28.37% |
|  | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** | **AST Small-Cap Equity Portfolio** |
| December 31, 2025 | 7431 | $33.63 | to | $96.71 | $479988 | 0.00% |  | 0.65% | to | 3.05% | 4.14% | to | 6.71% |
| December 31, 2024 | 8262 | $32.11 | to | $90.63 | $502613 | 0.00% |  | 0.65% | to | 3.05% | 11.34% | to | 14.11% |
| December 31, 2023 | 4840 | $28.68 | to | $79.42 | $257185 | 0.00% |  | 0.65% | to | 3.05% | 13.54% | to | 16.34% |
| December 31, 2022 | 5086 | $25.12 | to | $68.27 | $234225 | 0.00% |  | 0.65% | to | 3.05% | -29.78% | to | -28.04% |
| December 31, 2021 | 2862 | $35.57 | to | $94.88 | $181218 | 0.00% |  | 0.65% | to | 2.75% | 1.66% | to | 3.86% |

---

A71

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** | **AST T. Rowe Price Natural Resources Portfolio (merged January 24, 2025)** |
| December 31, 2025 |  | $14.84 | $83.81 | $— | 0.00% | 2.75% | 8.67% | 8.82% |
| December 31, 2024 | 1405 | $13.66 | $77.01 | $67178 | 0.00% | 2.75% | 0.98% | 3.18% |
| December 31, 2023 | 1587 | $13.53 | $74.64 | $73314 | 0.00% | 2.75% | -1.43% | 0.69% |
| December 31, 2022 | 1663 | $13.72 | $74.13 | $77349 | 0.00% | 2.75% | 3.18% | 5.40% |
| December 31, 2021 | 2928 | $13.30 | $70.33 | $121127 | 0.00% | 2.75% | 20.40% | 22.99% |
|  | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** | **AST MFS Global Equity Portfolio (merged January 24, 2025)** |
| December 31, 2025 |  | $26.53 | $56.99 | $— | 0.00% | 2.75% | 2.89% | 3.04% |
| December 31, 2024 | 2760 | $25.79 | $55.32 | $120474 | 0.00% | 2.75% | 2.60% | 4.83% |
| December 31, 2023 | 3086 | $25.13 | $52.91 | $129280 | 0.00% | 2.75% | 10.89% | 13.28% |
| December 31, 2022 | 3281 | $22.66 | $46.83 | $121930 | 0.00% | 2.75% | -20.21% | -18.49% |
| December 31, 2021 | 4396 | $28.41 | $57.59 | $200725 | 0.00% | 2.75% | 13.64% | 16.09% |
|  | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** | **AST International Equity Portfolio** |
| December 31, 2025 | 9934 | $22.41 | $59.26 | $474847 | 0.00% | 2.75% | 29.19% | 31.97% |
| December 31, 2024 | 10520 | $17.35 | $44.90 | $380139 | 0.00% | 3.05% | 2.22% | 4.77% |
| December 31, 2023 | 11668 | $16.92 | $42.86 | $405075 | 0.00% | 3.05% | 14.17% | 16.99% |
| December 31, 2022 | 7179 | $14.77 | $36.63 | $211437 | 0.00% | 3.05% | -30.86% | -29.15% |
| December 31, 2021 | 7976 | $21.30 | $51.70 | $335133 | 0.00% | 3.05% | 9.07% | 11.77% |
|  | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** | **AST Aggressive Asset Allocation Portfolio** |
| December 31, 2025 | 98723 | $22.56 | $43.42 | $3176861 | 0.00% | 3.05% | 12.63% | 15.41% |
| December 31, 2024 | 114932 | $19.99 | $37.78 | $3229992 | 0.00% | 3.05% | 10.89% | 13.65% |
| December 31, 2023 | 132345 | $17.99 | $33.37 | $3301240 | 0.00% | 3.05% | 14.50% | 17.33% |
| December 31, 2022 | 140206 | $15.68 | $28.56 | $2999888 | 0.00% | 3.05% | -19.43% | -17.44% |
| December 31, 2021 | 167294 | $19.42 | $34.73 | $4367171 | 0.00% | 3.05% | 13.41% | 16.22% |
|  | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** | **AST Multi-Asset Diversified Plus Portfolio** |
| December 31, 2025 | 41837 | $13.17 | $24.58 | $781718 | 0.00% | 3.05% | 10.09% | 12.81% |
| December 31, 2024 | 47347 | $11.94 | $21.88 | $787579 | 0.00% | 3.05% | 4.41% | 7.01% |
| December 31, 2023 | 54708 | $11.41 | $20.53 | $854987 | 0.00% | 3.05% | 6.86% | 9.50% |
| December 31, 2022 | 59781 | $10.66 | $18.82 | $855752 | 0.00% | 3.05% | -16.08% | -14.01% |
| December 31, 2021 | 87954 | $12.67 | $21.97 | $1488909 | 0.00% | 3.05% | 9.01% | 11.71% |
|  | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** | **AST Balanced Asset Allocation Portfolio** |
| December 31, 2025 | 144351 | $19.37 | $34.91 | $4069046 | 0.00% | 3.05% | 10.86% | 13.60% |
| December 31, 2024 | 165871 | $17.44 | $30.85 | $4144087 | 0.00% | 3.05% | 8.47% | 11.17% |
| December 31, 2023 | 91293 | $16.05 | $27.86 | $2065664 | 0.00% | 3.05% | 12.25% | 15.01% |
| December 31, 2022 | 100027 | $14.27 | $24.32 | $1977790 | 0.00% | 3.05% | -18.81% | -16.80% |
| December 31, 2021 | 98657 | $17.53 | $29.36 | $2349635 | 0.00% | 3.05% | 9.40% | 12.11% |
|  | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** | **AST Preservation Asset Allocation Portfolio** |
| December 31, 2025 | 35128 | $14.70 | $24.24 | $736961 | 0.00% | 3.05% | 7.93% | 10.60% |
| December 31, 2024 | 40443 | $13.60 | $21.91 | $771627 | 0.00% | 3.05% | 4.50% | 7.10% |
| December 31, 2023 | 46769 | $12.98 | $20.46 | $838110 | 0.00% | 3.05% | 8.38% | 11.05% |
| December 31, 2022 | 52058 | $11.96 | $18.42 | $844494 | 0.00% | 3.05% | -18.19% | -16.17% |
| December 31, 2021 | 72797 | $14.58 | $22.05 | $1424281 | 0.00% | 3.05% | 3.00% | 5.55% |
|  | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** | **AST J.P. Morgan Moderate Multi-Asset Portfolio** |
| December 31, 2025 | 15417 | $17.21 | $33.16 | $361113 | 0.00% | 2.75% | 9.43% | 11.80% |
| December 31, 2024 | 17317 | $15.73 | $29.78 | $365125 | 0.00% | 2.75% | 6.80% | 9.12% |
| December 31, 2023 | 19350 | $14.73 | $27.40 | $375647 | 0.00% | 2.75% | 10.76% | 13.14% |
| December 31, 2022 | 20610 | $13.30 | $24.32 | $355140 | 0.00% | 2.75% | -19.26% | -17.52% |
| December 31, 2021 | 27020 | $16.47 | $29.60 | $567184 | 0.00% | 2.75% | 9.32% | 11.68% |
|  | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** | **AST Core Fixed Income Portfolio** |
| December 31, 2025 | 97994 | $10.56 | $15.55 | $1358141 | 0.00% | 3.05% | 3.89% | 6.46% |
| December 31, 2024 | 94380 | $10.13 | $14.60 | $1236081 | 0.00% | 3.05% | -1.68% | 0.77% |
| December 31, 2023 | 98671 | $10.27 | $14.49 | $1290864 | 0.00% | 3.05% | 3.12% | 5.66% |
| December 31, 2022 | 101389 | $9.93 | $13.71 | $1260482 | 0.00% | 3.05% | -18.84% | -16.83% |
| December 31, 2021 | 42949 | $12.20 | $16.49 | $648118 | 0.00% | 3.05% | -5.22% | -2.87% |

---

A72

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** | **Davis Equity Portfolio** |
| December 31, 2025 | 24 | $44.89 | $44.89 | $1080 | 1.04% | 1.40% | 1.40% | 25.46% | 25.46% |
| December 31, 2024 | 26 | $35.78 | $46.96 | $938 | 1.06% | 1.40% | 1.65% | 16.10% | 16.39% |
| December 31, 2023 | 28 | $30.74 | $40.45 | $874 | 1.36% | 1.40% | 1.65% | 30.45% | 30.78% |
| December 31, 2022 | 30 | $23.50 | $31.01 | $708 | 1.19% | 1.40% | 1.65% | -21.45% | -21.25% |
| December 31, 2021 | 35 | $29.85 | $39.48 | $1048 | 0.59% | 1.40% | 1.65% | 15.91% | 16.20% |
|  | **Columbia Variable Portfolio - Small Company Growth Fund (Class 1)** | **Columbia Variable Portfolio - Small Company Growth Fund (Class 1)** | **Columbia Variable Portfolio - Small Company Growth Fund (Class 1)** | **Columbia Variable Portfolio - Small Company Growth Fund (Class 1)** | **Columbia Variable Portfolio - Small Company Growth Fund (Class 1)** | **Columbia Variable Portfolio - Small Company Growth Fund (Class 1)** | **Columbia Variable Portfolio - Small Company Growth Fund (Class 1)** | **Columbia Variable Portfolio - Small Company Growth Fund (Class 1)** | **Columbia Variable Portfolio - Small Company Growth Fund (Class 1)** |
| December 31, 2025 | 5 | $101.59 | $101.59 | $524 | 0.00% | 1.00% | 1.00% | 20.47% | 20.47% |
| December 31, 2024 | 5 | $84.32 | $84.32 | $462 | 2.30% | 1.00% | 1.00% | 22.86% | 22.86% |
| December 31, 2023 | 6 | $68.63 | $68.63 | $383 | 0.00% | 1.00% | 1.00% | 25.37% | 25.37% |
| December 31, 2022 | 6 | $54.74 | $54.74 | $313 | 0.00% | 1.00% | 1.00% | -36.41% | -36.41% |
| December 31, 2021 | 6 | $86.09 | $86.09 | $552 | 0.00% | 1.00% | 1.00% | -3.87% | -3.87% |
|  | **ProFund VP Asia 30** | **ProFund VP Asia 30** | **ProFund VP Asia 30** | **ProFund VP Asia 30** | **ProFund VP Asia 30** | **ProFund VP Asia 30** | **ProFund VP Asia 30** | **ProFund VP Asia 30** | **ProFund VP Asia 30** |
| December 31, 2025 | 120 | $16.42 | $40.06 | $3481 | 4.55% | 0.65% | 2.50% | 21.03% | 23.32% |
| December 31, 2024 | 153 | $12.67 | $32.57 | $3592 | 0.77% | 0.65% | 2.50% | 8.76% | 10.83% |
| December 31, 2023 | 167 | $11.64 | $29.46 | $3631 | 0.11% | 0.65% | 2.50% | 1.71% | 3.64% |
| December 31, 2022 | 194 | $11.44 | $28.50 | $4067 | 0.49% | 0.65% | 2.50% | -26.31% | -24.92% |
| December 31, 2021 | 196 | $15.52 | $38.05 | $5589 | 0.00% | 0.65% | 2.50% | -20.56% | -19.05% |
|  | **ProFund VP Banks** | **ProFund VP Banks** | **ProFund VP Banks** | **ProFund VP Banks** | **ProFund VP Banks** | **ProFund VP Banks** | **ProFund VP Banks** | **ProFund VP Banks** | **ProFund VP Banks** |
| December 31, 2025 | 239 | $9.92 | $17.43 | $3379 | 1.23% | 0.65% | 2.50% | 7.77% | 9.82% |
| December 31, 2024 | 227 | $9.20 | $28.49 | $2949 | 2.02% | 0.65% | 2.50% | 19.17% | 21.44% |
| December 31, 2023 | 278 | $7.72 | $23.80 | $3049 | 1.38% | 0.65% | 2.50% | 7.64% | 9.67% |
| December 31, 2022 | 251 | $7.18 | $22.01 | $2537 | 0.82% | 0.65% | 2.50% | -21.88% | -20.40% |
| December 31, 2021 | 363 | $9.19 | $28.04 | $4479 | 0.87% | 0.65% | 2.50% | 30.74% | 33.22% |
|  | **ProFund VP Bear** | **ProFund VP Bear** | **ProFund VP Bear** | **ProFund VP Bear** | **ProFund VP Bear** | **ProFund VP Bear** | **ProFund VP Bear** | **ProFund VP Bear** | **ProFund VP Bear** |
| December 31, 2025 | 1824 | $0.34 | $0.66 | $994 | 2.92% | 0.65% | 2.45% | -16.57% | -15.02% |
| December 31, 2024 | 906 | $0.40 | $0.78 | $599 | 7.95% | 0.65% | 2.45% | -15.83% | -14.27% |
| December 31, 2023 | 1385 | $0.48 | $0.91 | $1060 | 0.23% | 0.65% | 2.50% | -17.37% | -15.82% |
| December 31, 2022 | 1981 | $0.58 | $1.08 | $1684 | 0.00% | 0.65% | 2.50% | 14.20% | 16.35% |
| December 31, 2021 | 1506 | $0.50 | $0.93 | $1183 | 0.00% | 0.65% | 2.45% | -26.48% | -25.12% |
|  | **ProFund VP Biotechnology** | **ProFund VP Biotechnology** | **ProFund VP Biotechnology** | **ProFund VP Biotechnology** | **ProFund VP Biotechnology** | **ProFund VP Biotechnology** | **ProFund VP Biotechnology** | **ProFund VP Biotechnology** | **ProFund VP Biotechnology** |
| December 31, 2025 | 97 | $49.61 | $106.76 | $5457 | 0.00% | 0.65% | 1.65% | 31.82% | 33.16% |
| December 31, 2024 | 113 | $37.54 | $80.37 | $4730 | 0.00% | 0.65% | 1.90% | -2.05% | -0.80% |
| December 31, 2023 | 139 | $38.13 | $81.23 | $5924 | 0.00% | 0.65% | 1.90% | 8.06% | 9.43% |
| December 31, 2022 | 149 | $35.11 | $74.41 | $5790 | 0.00% | 0.65% | 1.90% | -9.46% | -8.31% |
| December 31, 2021 | 172 | $38.58 | $81.36 | $7371 | 0.00% | 0.65% | 1.90% | 13.54% | 14.98% |
|  | **ProFund VP Materials** | **ProFund VP Materials** | **ProFund VP Materials** | **ProFund VP Materials** | **ProFund VP Materials** | **ProFund VP Materials** | **ProFund VP Materials** | **ProFund VP Materials** | **ProFund VP Materials** |
| December 31, 2025 | 112 | $18.15 | $40.83 | $3624 | 0.23% | 0.65% | 2.65% | 5.19% | 7.35% |
| December 31, 2024 | 120 | $17.26 | $38.13 | $3580 | 0.42% | 0.65% | 2.65% | -4.17% | -2.19% |
| December 31, 2023 | 137 | $18.01 | $39.09 | $4223 | 0.46% | 0.65% | 2.65% | 9.41% | 11.65% |
| December 31, 2022 | 166 | $16.46 | $35.10 | $4584 | 0.19% | 0.65% | 2.65% | -11.54% | -9.73% |
| December 31, 2021 | 169 | $18.61 | $38.98 | $5247 | 0.31% | 0.65% | 2.65% | 22.30% | 24.81% |
|  | **ProFund VP UltraBull** | **ProFund VP UltraBull** | **ProFund VP UltraBull** | **ProFund VP UltraBull** | **ProFund VP UltraBull** | **ProFund VP UltraBull** | **ProFund VP UltraBull** | **ProFund VP UltraBull** | **ProFund VP UltraBull** |
| December 31, 2025 | 105 | $73.95 | $169.91 | $8799 | 0.73% | 0.65% | 1.65% | 22.33% | 23.58% |
| December 31, 2024 | 134 | $60.30 | $137.84 | $9258 | 0.70% | 0.65% | 1.65% | 39.66% | 41.09% |
| December 31, 2023 | 138 | $43.06 | $97.94 | $6629 | 0.00% | 0.65% | 1.65% | 42.85% | 44.29% |
| December 31, 2022 | 173 | $30.07 | $68.05 | $5844 | 0.00% | 0.65% | 1.65% | -40.12% | -39.52% |
| December 31, 2021 | 204 | $50.09 | $112.79 | $11515 | 0.00% | 0.65% | 1.90% | 55.14% | 57.11% |
|  | **ProFund VP Bull** | **ProFund VP Bull** | **ProFund VP Bull** | **ProFund VP Bull** | **ProFund VP Bull** | **ProFund VP Bull** | **ProFund VP Bull** | **ProFund VP Bull** | **ProFund VP Bull** |
| December 31, 2025 | 297 | $39.37 | $61.15 | $14004 | 0.40% | 0.65% | 2.40% | 12.79% | 14.81% |
| December 31, 2024 | 340 | $34.85 | $53.40 | $13940 | 0.68% | 0.65% | 2.40% | 19.54% | 21.69% |
| December 31, 2023 | 393 | $29.11 | $43.99 | $13517 | 0.00% | 0.65% | 2.40% | 20.78% | 22.94% |
| December 31, 2022 | 516 | $24.07 | $35.87 | $14436 | 0.00% | 0.65% | 2.40% | -21.66% | -20.26% |
| December 31, 2021 | 520 | $30.67 | $45.10 | $18550 | 0.00% | 0.65% | 2.40% | 23.30% | 25.51% |

---

A73

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** | **ProFund VP Consumer Discretionary** |
| December 31, 2025 | 158 | $34.93 | $65.43 | $6787 | 0.00% |  | 2.65% | 2.72% | 4.82% |
| December 31, 2024 | 196 | $34.01 | $58.48 | $8020 | 0.00% |  | 2.65% | 21.12% | 23.62% |
| December 31, 2023 | 228 | $28.08 | $51.31 | $7582 | 0.00% |  | 2.65% | 28.57% | 31.20% |
| December 31, 2022 | 166 | $21.84 | $36.27 | $4296 | 0.00% |  | 2.65% | -33.34% | -31.98% |
| December 31, 2021 | 272 | $32.77 | $58.43 | $10419 | 0.00% |  | 2.65% | 7.31% | 9.51% |
|  | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** | **ProFund VP Consumer Staples** |
| December 31, 2025 | 203 | $21.48 | $39.95 | $6066 | 0.93% |  | 2.75% | -2.92% | -0.82% |
| December 31, 2024 | 186 | $22.12 | $40.38 | $5689 | 1.51% |  | 2.75% | 7.31% | 9.64% |
| December 31, 2023 | 211 | $20.62 | $36.93 | $5929 | 0.21% |  | 2.75% | 1.07% | 3.25% |
| December 31, 2022 | 226 | $20.40 | $35.85 | $6239 | 0.05% |  | 2.75% | -26.76% | -25.19% |
| December 31, 2021 | 325 | $27.85 | $48.04 | $12044 | 0.41% |  | 2.75% | 16.36% | 18.87% |
|  | **ProFund VP Energy** | **ProFund VP Energy** | **ProFund VP Energy** | **ProFund VP Energy** | **ProFund VP Energy** | **ProFund VP Energy** | **ProFund VP Energy** | **ProFund VP Energy** | **ProFund VP Energy** |
| December 31, 2025 | 271 | $14.87 | $36.95 | $7406 | 2.10% |  | 2.50% | 3.21% | 5.17% |
| December 31, 2024 | 326 | $14.40 | $35.22 | $8492 | 2.20% |  | 2.50% | 1.16% | 3.09% |
| December 31, 2023 | 377 | $14.23 | $34.25 | $9474 | 2.29% |  | 2.50% | -4.93% | -3.13% |
| December 31, 2022 | 522 | $14.96 | $35.45 | $13679 | 1.33% |  | 2.50% | 55.46% | 58.40% |
| December 31, 2021 | 521 | $9.62 | $22.44 | $8803 | 1.92% |  | 2.50% | 48.14% | 50.94% |
|  | **ProFund VP Europe 30** | **ProFund VP Europe 30** | **ProFund VP Europe 30** | **ProFund VP Europe 30** | **ProFund VP Europe 30** | **ProFund VP Europe 30** | **ProFund VP Europe 30** | **ProFund VP Europe 30** | **ProFund VP Europe 30** |
| December 31, 2025 | 215 | $15.27 | $31.48 | $4385 | 2.30% |  | 2.25% | 26.68% | 28.75% |
| December 31, 2024 | 235 | $11.93 | $24.51 | $3771 | 1.94% |  | 2.25% | 1.99% | 3.67% |
| December 31, 2023 | 306 | $11.58 | $23.70 | $4760 | 2.18% |  | 2.25% | 14.83% | 16.71% |
| December 31, 2022 | 363 | $9.98 | $20.36 | $4838 | 1.19% |  | 2.40% | -9.97% | -8.36% |
| December 31, 2021 | 495 | $10.96 | $22.27 | $7200 | 0.91% |  | 2.40% | 21.54% | 23.72% |
|  | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** | **ProFund VP Financials** |
| December 31, 2025 | 354 | $16.27 | $51.09 | $8886 | 0.01% |  | 2.75% | 9.80% | 12.17% |
| December 31, 2024 | 425 | $14.81 | $45.91 | $9507 | 0.27% |  | 2.75% | 24.90% | 27.61% |
| December 31, 2023 | 464 | $11.86 | $36.27 | $8228 | 0.46% |  | 2.75% | 10.76% | 13.15% |
| December 31, 2022 | 569 | $10.71 | $32.32 | $8877 | 0.09% |  | 2.75% | -17.47% | -15.69% |
| December 31, 2021 | 741 | $12.97 | $38.64 | $14051 | 0.38% |  | 2.75% | 26.53% | 29.26% |
|  | **ProFund VP U.S. Government Plus** | **ProFund VP U.S. Government Plus** | **ProFund VP U.S. Government Plus** | **ProFund VP U.S. Government Plus** | **ProFund VP U.S. Government Plus** | **ProFund VP U.S. Government Plus** | **ProFund VP U.S. Government Plus** | **ProFund VP U.S. Government Plus** | **ProFund VP U.S. Government Plus** |
| December 31, 2025 | 147 | $7.48 | $14.27 | $1812 | 2.99% |  | 2.25% | -1.10% | 0.52% |
| December 31, 2024 | 180 | $7.55 | $14.20 | $2197 | 3.37% |  | 2.25% | -14.80% | -13.40% |
| December 31, 2023 | 242 | $8.84 | $16.40 | $3362 | 3.90% |  | 2.25% | -2.20% | -0.61% |
| December 31, 2022 | 190 | $9.02 | $16.50 | $2697 | 0.00% |  | 2.25% | -43.01% | -42.08% |
| December 31, 2021 | 221 | $15.79 | $28.48 | $5393 | 0.00% |  | 2.50% | -9.41% | -7.69% |
|  | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** | **ProFund VP Health Care** |
| December 31, 2025 | 429 | $34.82 | $53.07 | $16636 | 0.00% | (1) | 2.50% | 9.75% | 11.83% |
| December 31, 2024 | 482 | $31.37 | $47.84 | $16838 | 0.06% |  | 2.50% | -1.72% | 0.16% |
| December 31, 2023 | 526 | $31.56 | $48.16 | $18416 | 0.00% |  | 2.50% | -1.69% | 0.17% |
| December 31, 2022 | 620 | $31.75 | $48.47 | $21999 | 0.00% |  | 2.50% | -8.37% | -6.63% |
| December 31, 2021 | 785 | $33.65 | $52.33 | $29954 | 0.04% |  | 2.65% | 18.32% | 20.75% |
|  | **ProFund Access VP High Yield Fund** | **ProFund Access VP High Yield Fund** | **ProFund Access VP High Yield Fund** | **ProFund Access VP High Yield Fund** | **ProFund Access VP High Yield Fund** | **ProFund Access VP High Yield Fund** | **ProFund Access VP High Yield Fund** | **ProFund Access VP High Yield Fund** | **ProFund Access VP High Yield Fund** |
| December 31, 2025 | 83 | $21.98 | $27.10 | $1989 | 2.36% |  | 1.65% | 4.49% | 5.55% |
| December 31, 2024 | 85 | $21.04 | $25.67 | $1949 | 5.07% |  | 1.65% | 4.55% | 5.62% |
| December 31, 2023 | 98 | $20.12 | $24.31 | $2152 | 5.20% |  | 1.65% | 8.61% | 9.71% |
| December 31, 2022 | 111 | $18.53 | $22.15 | $2229 | 3.00% |  | 1.65% | -9.48% | -8.56% |
| December 31, 2021 | 158 | $20.47 | $24.23 | $3463 | 2.36% |  | 1.65% | -1.38% | -0.38% |
|  | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** | **ProFund VP Industrials** |
| December 31, 2025 | 132 | $41.47 | $66.77 | $6348 | 0.00% |  | 2.45% | 14.38% | 16.49% |
| December 31, 2024 | 143 | $36.18 | $57.46 | $5929 | 0.18% |  | 2.45% | 12.62% | 14.71% |
| December 31, 2023 | 166 | $32.06 | $50.22 | $6075 | 0.00% |  | 2.45% | 13.46% | 15.54% |
| December 31, 2022 | 190 | $28.20 | $43.57 | $6023 | 0.00% |  | 2.45% | -17.67% | -16.15% |
| December 31, 2021 | 271 | $34.18 | $52.10 | $10210 | 0.00% |  | 2.45% | 13.55% | 15.65% |

---

A74

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **ProFund VP Internet** | **ProFund VP Internet** | **ProFund VP Internet** | **ProFund VP Internet** | **ProFund VP Internet** | **ProFund VP Internet** | **ProFund VP Internet** | **ProFund VP Internet** |
| December 31, 2025 | 43 | $132.62 | $176.21 | $6445 | 0.00% | 1.65% | 7.33% | 8.42% |
| December 31, 2024 | 49 | $123.56 | $162.94 | $6773 | 0.00% | 1.65% | 27.20% | 28.50% |
| December 31, 2023 | 52 | $97.14 | $127.13 | $5569 | 0.00% | 1.65% | 47.39% | 48.88% |
| December 31, 2022 | 50 | $65.91 | $85.60 | $3651 | 0.00% | 1.65% | -47.02% | -46.48% |
| December 31, 2021 | 62 | $124.40 | $160.35 | $8382 | 0.00% | 1.65% | 3.56% | 4.62% |
|  | **ProFund VP Japan** | **ProFund VP Japan** | **ProFund VP Japan** | **ProFund VP Japan** | **ProFund VP Japan** | **ProFund VP Japan** | **ProFund VP Japan** | **ProFund VP Japan** |
| December 31, 2025 | 94 | $26.41 | $46.58 | $3004 | 4.44% | 2.45% | 27.49% | 29.84% |
| December 31, 2024 | 112 | $20.67 | $35.97 | $2730 | 2.51% | 2.45% | 19.21% | 21.42% |
| December 31, 2023 | 188 | $17.30 | $29.70 | $3695 | 0.00% | 2.45% | 31.23% | 33.64% |
| December 31, 2022 | 198 | $13.16 | $22.28 | $2908 | 0.00% | 2.45% | -12.13% | -10.51% |
| December 31, 2021 | 251 | $14.94 | $24.96 | $4162 | 0.00% | 2.45% | 1.35% | 3.22% |
|  | **ProFund VP Precious Metals** | **ProFund VP Precious Metals** | **ProFund VP Precious Metals** | **ProFund VP Precious Metals** | **ProFund VP Precious Metals** | **ProFund VP Precious Metals** | **ProFund VP Precious Metals** | **ProFund VP Precious Metals** |
| December 31, 2025 | 703 | $15.07 | $29.46 | $16784 | 2.20% | 2.50% | 144.08% | 148.69% |
| December 31, 2024 | 747 | $6.17 | $11.87 | $7185 | 3.31% | 2.50% | 3.90% | 5.88% |
| December 31, 2023 | 1092 | $5.94 | $11.24 | $10184 | 0.00% | 2.50% | -1.05% | 0.82% |
| December 31, 2022 | 1115 | $6.00 | $11.18 | $10307 | 0.00% | 2.50% | -13.24% | -11.60% |
| December 31, 2021 | 1227 | $6.91 | $12.68 | $12797 | 0.00% | 2.50% | -11.21% | -9.53% |
|  | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** | **ProFund VP Mid-Cap Growth** |
| December 31, 2025 | 289 | $32.51 | $56.61 | $11900 | 0.00% | 2.50% | 3.03% | 4.99% |
| December 31, 2024 | 289 | $31.55 | $54.06 | $11355 | 0.00% | 2.50% | 11.03% | 13.15% |
| December 31, 2023 | 328 | $28.42 | $47.90 | $11363 | 0.00% | 2.50% | 12.68% | 14.81% |
| December 31, 2022 | 344 | $25.22 | $41.82 | $10429 | 0.00% | 2.50% | -22.33% | -20.86% |
| December 31, 2021 | 470 | $32.47 | $52.98 | $18327 | 0.00% | 2.50% | 14.04% | 16.21% |
|  | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** | **ProFund VP Mid-Cap Value** |
| December 31, 2025 | 213 | $31.15 | $56.14 | $8555 | 0.29% | 2.50% | 3.20% | 5.16% |
| December 31, 2024 | 228 | $30.19 | $53.52 | $8870 | 0.26% | 2.50% | 7.08% | 9.13% |
| December 31, 2023 | 265 | $28.19 | $49.17 | $9311 | 0.29% | 2.50% | 10.62% | 12.72% |
| December 31, 2022 | 328 | $25.48 | $43.73 | $10225 | 0.14% | 2.50% | -10.74% | -9.05% |
| December 31, 2021 | 387 | $28.55 | $48.20 | $13478 | 0.28% | 2.50% | 25.32% | 27.70% |
|  | **ProFund VP Pharmaceuticals** | **ProFund VP Pharmaceuticals** | **ProFund VP Pharmaceuticals** | **ProFund VP Pharmaceuticals** | **ProFund VP Pharmaceuticals** | **ProFund VP Pharmaceuticals** | **ProFund VP Pharmaceuticals** | **ProFund VP Pharmaceuticals** |
| December 31, 2025 | 65 | $21.00 | $33.96 | $1576 | 0.24% | 2.45% | 26.18% | 28.50% |
| December 31, 2024 | 66 | $16.51 | $26.81 | $1250 | 0.00% | 2.45% | 0.86% | 2.73% |
| December 31, 2023 | 78 | $16.23 | $26.47 | $1436 | 0.53% | 2.50% | -7.85% | -6.11% |
| December 31, 2022 | 102 | $17.46 | $28.59 | $2019 | 0.08% | 2.50% | -8.47% | -6.74% |
| December 31, 2021 | 120 | $18.91 | $31.10 | $2571 | 0.27% | 2.45% | 8.48% | 10.48% |
|  | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** | **ProFund VP Real Estate** |
| December 31, 2025 | 126 | $14.51 | $37.96 | $3877 | 1.51% | 2.75% | -2.13% | -0.02% |
| December 31, 2024 | 127 | $14.83 | $37.97 | $3930 | 1.43% | 2.75% | 0.68% | 2.87% |
| December 31, 2023 | 147 | $14.73 | $36.91 | $4548 | 1.17% | 2.75% | 6.72% | 9.02% |
| December 31, 2022 | 146 | $13.80 | $33.85 | $4165 | 0.71% | 2.75% | -28.58% | -27.03% |
| December 31, 2021 | 195 | $19.32 | $46.40 | $7641 | 0.03% | 2.75% | 33.31% | 36.19% |
|  | **ProFund VP Rising Rates Opportunity** | **ProFund VP Rising Rates Opportunity** | **ProFund VP Rising Rates Opportunity** | **ProFund VP Rising Rates Opportunity** | **ProFund VP Rising Rates Opportunity** | **ProFund VP Rising Rates Opportunity** | **ProFund VP Rising Rates Opportunity** | **ProFund VP Rising Rates Opportunity** |
| December 31, 2025 | 965 | $1.48 | $2.95 | $1574 | 3.91% | 2.65% | -1.02% | 1.01% |
| December 31, 2024 | 1079 | $1.48 | $2.96 | $1769 | 4.61% | 2.65% | 15.84% | 18.22% |
| December 31, 2023 | 1276 | $1.26 | $2.54 | $1826 | 0.17% | 2.65% | -0.93% | 1.08% |
| December 31, 2022 | 3154 | $1.26 | $2.55 | $4339 | 0.00% | 2.65% | 54.29% | 57.44% |
| December 31, 2021 | 2141 | $0.81 | $1.64 | $1875 | 0.00% | 2.65% | -2.72% | -0.72% |
|  | **ProFund VP Nasdaq-100** | **ProFund VP Nasdaq-100** | **ProFund VP Nasdaq-100** | **ProFund VP Nasdaq-100** | **ProFund VP Nasdaq-100** | **ProFund VP Nasdaq-100** | **ProFund VP Nasdaq-100** | **ProFund VP Nasdaq-100** |
| December 31, 2025 | 451 | $50.61 | $152.68 | $30106 | 0.40% | 2.50% | 15.66% | 17.85% |
| December 31, 2024 | 486 | $43.27 | $129.89 | $27517 | 0.41% | 2.50% | 20.33% | 22.62% |
| December 31, 2023 | 540 | $35.56 | $106.19 | $25325 | 0.00% | 2.50% | 48.39% | 51.19% |
| December 31, 2022 | 524 | $23.70 | $70.41 | $16113 | 0.00% | 2.50% | -35.56% | -34.34% |
| December 31, 2021 | 731 | $36.36 | $107.51 | $34899 | 0.00% | 2.50% | 21.69% | 23.99% |

---

A75

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **ProFund VP Semiconductor** | **ProFund VP Semiconductor** | **ProFund VP Semiconductor** | **ProFund VP Semiconductor** | **ProFund VP Semiconductor** | **ProFund VP Semiconductor** | **ProFund VP Semiconductor** | **ProFund VP Semiconductor** | **ProFund VP Semiconductor** |
| December 31, 2025 | 162 | $118.76 | $237.72 | $20877 | 0.00% |  | 1.90% | 39.01% | 40.78% |
| December 31, 2024 | 189 | $85.22 | $169.29 | $17379 | 0.00% |  | 1.90% | 67.47% | 69.61% |
| December 31, 2023 | 156 | $50.76 | $100.06 | $8549 | 0.00% |  | 1.65% | 90.49% | 92.41% |
| December 31, 2022 | 101 | $26.65 | $52.13 | $2914 | 0.00% |  | 1.65% | -38.53% | -37.91% |
| December 31, 2021 | 147 | $43.35 | $84.18 | $7132 | 0.00% |  | 1.65% | 46.04% | 47.52% |
|  | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** | **ProFund VP Small-Cap Growth** |
| December 31, 2025 | 205 | $25.36 | $58.80 | $8657 | 0.00% |  | 2.75% | 0.77% | 2.94% |
| December 31, 2024 | 231 | $25.16 | $57.26 | $9501 | 0.00% |  | 2.75% | 4.82% | 7.09% |
| December 31, 2023 | 261 | $24.01 | $53.60 | $10132 | 0.00% |  | 2.75% | 12.04% | 14.45% |
| December 31, 2022 | 256 | $21.43 | $46.96 | $8779 | 0.00% |  | 2.75% | -24.54% | -22.92% |
| December 31, 2021 | 370 | $28.40 | $61.07 | $16536 | 0.00% |  | 2.75% | 17.32% | 19.86% |
|  | **ProFund VP Short Mid-Cap** | **ProFund VP Short Mid-Cap** | **ProFund VP Short Mid-Cap** | **ProFund VP Short Mid-Cap** | **ProFund VP Short Mid-Cap** | **ProFund VP Short Mid-Cap** | **ProFund VP Short Mid-Cap** | **ProFund VP Short Mid-Cap** | **ProFund VP Short Mid-Cap** |
| December 31, 2025 | 62 | $0.50 | $0.61 | $32 | 2.61% |  | 1.65% | -6.08% | -5.13% |
| December 31, 2024 | 71 | $0.53 | $0.65 | $41 | 9.10% |  | 1.65% | -8.11% | -7.17% |
| December 31, 2023 | 72 | $0.58 | $0.70 | $47 | 0.50% |  | 1.65% | -10.85% | -9.94% |
| December 31, 2022 | 131 | $0.64 | $0.77 | $93 | 0.00% |  | 1.65% | 7.58% | 8.66% |
| December 31, 2021 | 61 | $0.60 | $0.71 | $42 | 0.00% |  | 1.65% | -25.33% | -24.56% |
|  | **ProFund VP Short Nasdaq-100** | **ProFund VP Short Nasdaq-100** | **ProFund VP Short Nasdaq-100** | **ProFund VP Short Nasdaq-100** | **ProFund VP Short Nasdaq-100** | **ProFund VP Short Nasdaq-100** | **ProFund VP Short Nasdaq-100** | **ProFund VP Short Nasdaq-100** | **ProFund VP Short Nasdaq-100** |
| December 31, 2025 | 1178 | $0.10 | $0.15 | $150 | 5.95% |  | 2.25% | -17.74% | -16.32% |
| December 31, 2024 | 3366 | $0.12 | $0.18 | $508 | 6.79% |  | 2.25% | -18.12% | -16.73% |
| December 31, 2023 | 4939 | $0.15 | $0.28 | $890 | 0.00% |  | 2.50% | -34.08% | -32.81% |
| December 31, 2022 | 7788 | $0.22 | $0.42 | $2124 | 0.00% |  | 2.50% | 31.70% | 34.15% |
| December 31, 2021 | 2598 | $0.17 | $0.32 | $545 | 0.00% |  | 2.25% | -26.82% | -25.60% |
|  | **ProFund VP Short Small-Cap** | **ProFund VP Short Small-Cap** | **ProFund VP Short Small-Cap** | **ProFund VP Short Small-Cap** | **ProFund VP Short Small-Cap** | **ProFund VP Short Small-Cap** | **ProFund VP Short Small-Cap** | **ProFund VP Short Small-Cap** | **ProFund VP Short Small-Cap** |
| December 31, 2025 | 174 | $0.47 | $0.58 | $88 | 3.42% |  | 1.65% | -11.55% | -10.66% |
| December 31, 2024 | 267 | $0.53 | $0.65 | $153 | 6.96% |  | 1.65% | -8.05% | -7.12% |
| December 31, 2023 | 416 | $0.58 | $0.70 | $263 | 0.19% |  | 1.65% | -12.35% | -11.45% |
| December 31, 2022 | 493 | $0.66 | $0.79 | $346 | 0.00% |  | 1.65% | 15.88% | 17.05% |
| December 31, 2021 | 345 | $0.57 | $0.67 | $208 | 0.00% |  | 1.65% | -20.39% | -19.58% |
|  | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** | **ProFund VP Small-Cap Value** |
| December 31, 2025 | 196 | $26.76 | $48.69 | $6313 | 0.37% |  | 2.50% | 2.37% | 4.31% |
| December 31, 2024 | 216 | $20.28 | $46.79 | $6647 | 0.36% |  | 2.75% | 2.95% | 5.18% |
| December 31, 2023 | 252 | $19.70 | $44.60 | $7493 | 0.02% |  | 2.75% | 9.84% | 12.20% |
| December 31, 2022 | 281 | $17.94 | $39.85 | $7482 | 0.00% | (1) | 2.75% | -14.82% | -12.98% |
| December 31, 2021 | 381 | $21.06 | $45.91 | $11759 | 0.09% |  | 2.75% | 25.03% | 27.72% |
|  | **ProFund VP Technology** | **ProFund VP Technology** | **ProFund VP Technology** | **ProFund VP Technology** | **ProFund VP Technology** | **ProFund VP Technology** | **ProFund VP Technology** | **ProFund VP Technology** | **ProFund VP Technology** |
| December 31, 2025 | 165 | $46.77 | $141.35 | $9156 | 0.00% |  | 1.65% | 20.58% | 21.80% |
| December 31, 2024 | 198 | $38.69 | $116.34 | $9047 | 0.00% |  | 1.65% | 17.81% | 19.01% |
| December 31, 2023 | 230 | $32.76 | $98.00 | $8818 | 0.00% |  | 1.65% | 55.35% | 56.93% |
| December 31, 2022 | 240 | $21.03 | $62.61 | $5861 | 0.00% |  | 1.65% | -36.78% | -36.14% |
| December 31, 2021 | 347 | $33.19 | $98.29 | $13299 | 0.00% |  | 1.65% | 32.73% | 34.08% |
|  | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** | **ProFund VP Communication Services** |
| December 31, 2025 | 222 | $13.20 | $34.76 | $4238 | 0.00% |  | 2.75% | 17.59% | 20.13% |
| December 31, 2024 | 281 | $11.08 | $29.06 | $4649 | 0.00% |  | 2.75% | 28.98% | 31.78% |
| December 31, 2023 | 275 | $8.47 | $22.14 | $3300 | 0.98% |  | 2.75% | 28.21% | 30.96% |
| December 31, 2022 | 207 | $6.52 | $16.65 | $1924 | 1.91% |  | 2.75% | -23.38% | -21.73% |
| December 31, 2021 | 307 | $8.39 | $21.32 | $3770 | 1.11% |  | 2.75% | 15.16% | 17.64% |
|  | **ProFund VP UltraMid-Cap** | **ProFund VP UltraMid-Cap** | **ProFund VP UltraMid-Cap** | **ProFund VP UltraMid-Cap** | **ProFund VP UltraMid-Cap** | **ProFund VP UltraMid-Cap** | **ProFund VP UltraMid-Cap** | **ProFund VP UltraMid-Cap** | **ProFund VP UltraMid-Cap** |
| December 31, 2025 | 84 | $55.02 | $118.12 | $5733 | 1.06% |  | 2.50% | 0.62% | 2.53% |
| December 31, 2024 | 87 | $54.68 | $115.50 | $5773 | 0.68% |  | 2.50% | 14.08% | 16.26% |
| December 31, 2023 | 126 | $47.93 | $99.60 | $7010 | 0.00% |  | 2.50% | 19.16% | 21.42% |
| December 31, 2022 | 115 | $40.22 | $82.24 | $5442 | 0.00% |  | 2.50% | -33.86% | -32.61% |
| December 31, 2021 | 142 | $60.82 | $122.34 | $10093 | 0.00% |  | 2.50% | 43.00% | 45.72% |

---

A76

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **ProFund VP UltraNasdaq-100** | **ProFund VP UltraNasdaq-100** | **ProFund VP UltraNasdaq-100** | **ProFund VP UltraNasdaq-100** | **ProFund VP UltraNasdaq-100** | **ProFund VP UltraNasdaq-100** | **ProFund VP UltraNasdaq-100** | **ProFund VP UltraNasdaq-100** | **ProFund VP UltraNasdaq-100** |
| December 31, 2025 | 1461 | $48.55 | $812.91 | $92239 | 0.23% | 0.65% | 1.65% | 27.12% | 28.41% |
| December 31, 2024 | 1617 | $38.09 | $634.64 | $79858 | 0.30% | 0.65% | 1.65% | 39.07% | 40.49% |
| December 31, 2023 | 1864 | $27.32 | $452.88 | $64198 | 0.00% | 0.65% | 1.65% | 111.93% | 114.07% |
| December 31, 2022 | 1332 | $12.86 | $212.09 | $20529 | 0.00% | 0.65% | 1.65% | -61.58% | -61.18% |
| December 31, 2021 | 2195 | $33.38 | $547.78 | $89893 | 0.00% | 0.65% | 1.65% | 50.00% | 51.52% |
|  | **ProFund VP UltraSmall-Cap** | **ProFund VP UltraSmall-Cap** | **ProFund VP UltraSmall-Cap** | **ProFund VP UltraSmall-Cap** | **ProFund VP UltraSmall-Cap** | **ProFund VP UltraSmall-Cap** | **ProFund VP UltraSmall-Cap** | **ProFund VP UltraSmall-Cap** | **ProFund VP UltraSmall-Cap** |
| December 31, 2025 | 89 | $28.77 | $67.88 | $2881 | 1.02% | 0.65% | 1.65% | 11.07% | 12.20% |
| December 31, 2024 | 99 | $25.83 | $60.65 | $2850 | 0.71% | 0.65% | 1.65% | 8.86% | 9.97% |
| December 31, 2023 | 163 | $23.67 | $55.29 | $4305 | 0.00% | 0.65% | 1.65% | 20.41% | 21.64% |
| December 31, 2022 | 143 | $19.61 | $45.57 | $3167 | 0.00% | 0.65% | 1.65% | -44.61% | -44.05% |
| December 31, 2021 | 186 | $35.31 | $81.66 | $7316 | 0.00% | 0.65% | 1.65% | 21.27% | 22.50% |
|  | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** | **ProFund VP Utilities** |
| December 31, 2025 | 316 | $24.51 | $57.77 | $11155 | 1.38% | 0.65% | 2.75% | 10.85% | 13.24% |
| December 31, 2024 | 351 | $22.11 | $51.14 | $11036 | 1.60% | 0.65% | 2.75% | 17.92% | 20.48% |
| December 31, 2023 | 391 | $18.75 | $42.56 | $10225 | 1.32% | 0.65% | 2.75% | -11.10% | -9.18% |
| December 31, 2022 | 558 | $21.09 | $46.98 | $16102 | 1.03% | 0.65% | 2.75% | -2.99% | -0.90% |
| December 31, 2021 | 545 | $21.74 | $47.52 | $15808 | 1.50% | 0.65% | 2.75% | 12.24% | 14.66% |
|  | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** | **ProFund VP Large-Cap Growth** |
| December 31, 2025 | 379 | $48.67 | $87.24 | $23395 | 0.00% | 0.65% | 2.50% | 16.96% | 19.18% |
| December 31, 2024 | 374 | $41.61 | $73.50 | $19620 | 0.00% | 0.65% | 2.50% | 30.42% | 32.91% |
| December 31, 2023 | 400 | $31.91 | $55.52 | $16042 | 0.00% | 0.65% | 2.50% | 24.68% | 27.04% |
| December 31, 2022 | 351 | $25.59 | $43.88 | $11187 | 0.00% | 0.65% | 2.50% | -32.37% | -31.09% |
| December 31, 2021 | 455 | $37.84 | $63.94 | $21195 | 0.00% | 0.65% | 2.50% | 26.62% | 29.02% |
|  | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** | **ProFund VP Large-Cap Value** |
| December 31, 2025 | 326 | $23.93 | $45.58 | $9888 | 0.63% | 0.65% | 2.50% | 8.59% | 10.65% |
| December 31, 2024 | 385 | $22.04 | $41.53 | $10790 | 0.37% | 0.65% | 2.50% | 7.65% | 9.70% |
| December 31, 2023 | 398 | $20.47 | $38.16 | $10294 | 0.48% | 0.65% | 2.50% | 17.10% | 19.31% |
| December 31, 2022 | 465 | $17.48 | $32.25 | $10117 | 0.48% | 0.65% | 2.50% | -9.15% | -7.43% |
| December 31, 2021 | 438 | $19.24 | $32.50 | $10424 | 0.99% | 0.65% | 2.50% | 19.85% | 22.13% |
|  | **Rydex VT Nova Fund** | **Rydex VT Nova Fund** | **Rydex VT Nova Fund** | **Rydex VT Nova Fund** | **Rydex VT Nova Fund** | **Rydex VT Nova Fund** | **Rydex VT Nova Fund** | **Rydex VT Nova Fund** | **Rydex VT Nova Fund** |
| December 31, 2025 | 38 | $47.14 | $52.51 | $1797 | 0.00% | 1.00% | 1.40% | 19.17% | 19.66% |
| December 31, 2024 | 40 | $39.56 | $43.89 | $1586 | 0.00% | 1.00% | 1.40% | 30.89% | 31.42% |
| December 31, 2023 | 46 | $30.22 | $33.39 | $1383 | 0.00% | 1.00% | 1.40% | 33.19% | 33.73% |
| December 31, 2022 | 48 | $22.69 | $24.97 | $1090 | 0.41% | 1.00% | 1.40% | -31.24% | -30.96% |
| December 31, 2021 | 53 | $33.00 | $36.17 | $1756 | 0.35% | 1.00% | 1.40% | 40.20% | 40.76% |
|  | **Rydex VT NASDAQ-100® Fund** | **Rydex VT NASDAQ-100® Fund** | **Rydex VT NASDAQ-100® Fund** | **Rydex VT NASDAQ-100® Fund** | **Rydex VT NASDAQ-100® Fund** | **Rydex VT NASDAQ-100® Fund** | **Rydex VT NASDAQ-100® Fund** | **Rydex VT NASDAQ-100® Fund** | **Rydex VT NASDAQ-100® Fund** |
| December 31, 2025 | 171 | $62.73 | $138.19 | $10792 | 0.03% | 0.65% | 1.65% | 17.08% | 18.26% |
| December 31, 2024 | 194 | $53.45 | $118.04 | $10430 | 0.21% | 0.65% | 1.65% | 21.85% | 23.10% |
| December 31, 2023 | 223 | $43.75 | $96.87 | $9806 | 0.00% | 0.65% | 1.65% | 50.70% | 52.23% |
| December 31, 2022 | 243 | $28.96 | $64.28 | $7053 | 0.00% | 0.65% | 1.65% | -35.23% | -34.57% |
| December 31, 2021 | 271 | $44.59 | $99.24 | $12096 | 0.00% | 0.65% | 1.65% | 23.47% | 24.73% |
|  | **Rydex VT Inverse S&P 500® Strategy Fund** | **Rydex VT Inverse S&P 500® Strategy Fund** | **Rydex VT Inverse S&P 500® Strategy Fund** | **Rydex VT Inverse S&P 500® Strategy Fund** | **Rydex VT Inverse S&P 500® Strategy Fund** | **Rydex VT Inverse S&P 500® Strategy Fund** | **Rydex VT Inverse S&P 500® Strategy Fund** | **Rydex VT Inverse S&P 500® Strategy Fund** | **Rydex VT Inverse S&P 500® Strategy Fund** |
| December 31, 2025 | 11 | $0.63 | $0.63 | $7 | 9.04% | 1.40% | 1.40% | -13.00% | -13.00% |
| December 31, 2024 | 9 | $0.73 | $0.81 | $7 | 12.42% | 1.00% | 1.40% | -14.32% | -13.98% |
| December 31, 2023 | 8 | $0.85 | $0.94 | $7 | 2.92% | 1.00% | 1.40% | -16.14% | -15.80% |
| December 31, 2022 | 14 | $1.01 | $1.11 | $14 | 0.00% | 1.00% | 1.40% | 14.97% | 15.42% |
| December 31, 2021 | 14 | $0.88 | $0.96 | $13 | 0.00% | 1.00% | 1.40% | -25.50% | -25.20% |
|  | **Invesco V.I. Health Care Fund (Series I)** | **Invesco V.I. Health Care Fund (Series I)** | **Invesco V.I. Health Care Fund (Series I)** | **Invesco V.I. Health Care Fund (Series I)** | **Invesco V.I. Health Care Fund (Series I)** | **Invesco V.I. Health Care Fund (Series I)** | **Invesco V.I. Health Care Fund (Series I)** | **Invesco V.I. Health Care Fund (Series I)** | **Invesco V.I. Health Care Fund (Series I)** |
| December 31, 2025 | 329 | $30.14 | $57.20 | $15688 | 0.00% | 0.65% | 2.65% | 12.27% | 14.58% |
| December 31, 2024 | 356 | $26.84 | $49.92 | $14976 | 0.00% | 0.65% | 2.65% | 1.39% | 3.49% |
| December 31, 2023 | 420 | $26.48 | $48.24 | $17162 | 0.00% | 0.65% | 2.65% | 0.30% | 2.35% |
| December 31, 2022 | 480 | $26.40 | $47.13 | $19307 | 0.00% | 0.65% | 2.65% | -15.61% | -13.88% |
| December 31, 2021 | 543 | $31.28 | $54.73 | $25409 | 0.20% | 0.65% | 2.65% | 9.32% | 11.57% |

---

A77

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **Invesco V.I. Technology Fund (Series I)** | **Invesco V.I. Technology Fund (Series I)** | **Invesco V.I. Technology Fund (Series I)** | **Invesco V.I. Technology Fund (Series I)** | **Invesco V.I. Technology Fund (Series I)** | **Invesco V.I. Technology Fund (Series I)** | **Invesco V.I. Technology Fund (Series I)** | **Invesco V.I. Technology Fund (Series I)** | **Invesco V.I. Technology Fund (Series I)** |
| December 31, 2025 | 633 | $22.29 | $59.68 | $22172 | 0.00% | 0.65% | 1.75% | 18.36% | 19.68% |
| December 31, 2024 | 711 | $18.74 | $50.42 | $20962 | 0.00% | 0.65% | 1.75% | 31.91% | 33.39% |
| December 31, 2023 | 810 | $14.13 | $63.77 | $18043 | 0.00% | 0.65% | 1.75% | 44.38% | 45.99% |
| December 31, 2022 | 912 | $9.74 | $43.79 | $14015 | 0.00% | 0.65% | 1.75% | -41.00% | -40.34% |
| December 31, 2021 | 1010 | $16.43 | $73.59 | $26487 | 0.00% | 0.65% | 1.75% | 12.41% | 13.67% |
|  | **Allspring VT Index Asset Allocation Fund (Class 2)** | **Allspring VT Index Asset Allocation Fund (Class 2)** | **Allspring VT Index Asset Allocation Fund (Class 2)** | **Allspring VT Index Asset Allocation Fund (Class 2)** | **Allspring VT Index Asset Allocation Fund (Class 2)** | **Allspring VT Index Asset Allocation Fund (Class 2)** | **Allspring VT Index Asset Allocation Fund (Class 2)** | **Allspring VT Index Asset Allocation Fund (Class 2)** | **Allspring VT Index Asset Allocation Fund (Class 2)** |
| December 31, 2025 | 179 | $42.72 | $80.42 | $14427 | 1.24% | 1.40% | 1.65% | 9.64% | 9.92% |
| December 31, 2024 | 199 | $38.96 | $73.16 | $14538 | 1.32% | 1.40% | 1.65% | 12.96% | 13.25% |
| December 31, 2023 | 219 | $34.49 | $64.60 | $14159 | 0.96% | 1.40% | 1.65% | 14.78% | 15.07% |
| December 31, 2022 | 239 | $30.05 | $56.14 | $13388 | 0.63% | 1.40% | 1.65% | -18.39% | -18.18% |
| December 31, 2021 | 268 | $36.82 | $68.61 | $18374 | 0.58% | 1.40% | 1.65% | 14.08% | 14.37% |
|  | **Allspring VT Small Cap Growth Fund (Class 2)** | **Allspring VT Small Cap Growth Fund (Class 2)** | **Allspring VT Small Cap Growth Fund (Class 2)** | **Allspring VT Small Cap Growth Fund (Class 2)** | **Allspring VT Small Cap Growth Fund (Class 2)** | **Allspring VT Small Cap Growth Fund (Class 2)** | **Allspring VT Small Cap Growth Fund (Class 2)** | **Allspring VT Small Cap Growth Fund (Class 2)** | **Allspring VT Small Cap Growth Fund (Class 2)** |
| December 31, 2025 | 21 | $42.76 | $68.72 | $901 | 0.00% | 1.40% | 1.65% | 7.45% | 7.73% |
| December 31, 2024 | 22 | $39.69 | $63.96 | $857 | 0.00% | 1.40% | 1.65% | 16.73% | 17.03% |
| December 31, 2023 | 27 | $33.91 | $54.79 | $911 | 0.00% | 1.40% | 1.65% | 2.39% | 2.65% |
| December 31, 2022 | 31 | $33.04 | $53.51 | $1027 | 0.00% | 1.40% | 1.65% | -35.50% | -35.34% |
| December 31, 2021 | 35 | $51.09 | $82.96 | $1777 | 0.00% | 1.40% | 1.65% | 5.86% | 6.13% |
|  | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** | **AST PGIM Aggressive Multi-Asset Portfolio** |
| December 31, 2025 | 107777 | $17.45 | $36.61 | $2685937 | 0.00% | 0.65% | 3.05% | 12.46% | 15.25% |
| December 31, 2024 | 123294 | $15.48 | $31.89 | $2680857 | 0.00% | 0.65% | 3.05% | 10.20% | 12.95% |
| December 31, 2023 | 138759 | $14.02 | $28.35 | $2684318 | 0.00% | 0.65% | 3.05% | 14.47% | 17.29% |
| December 31, 2022 | 133485 | $12.22 | $24.27 | $2210442 | 0.00% | 0.65% | 3.05% | -20.79% | -18.83% |
| December 31, 2021 | 193479 | $15.40 | $30.02 | $3982816 | 0.00% | 0.65% | 3.05% | 13.14% | 15.94% |
|  | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** | **AST Multi-Asset Diversified Portfolio** |
| December 31, 2025 | 33552 | $20.22 | $37.72 | $968221 | 0.00% | 0.65% | 3.05% | 12.03% | 14.80% |
| December 31, 2024 | 38648 | $18.01 | $32.99 | $978761 | 0.00% | 0.65% | 3.05% | 7.59% | 10.27% |
| December 31, 2023 | 44733 | $16.70 | $30.04 | $1033799 | 0.00% | 0.65% | 3.05% | 11.00% | 13.74% |
| December 31, 2022 | 49369 | $15.02 | $26.52 | $1008311 | 0.00% | 0.65% | 3.05% | -19.16% | -17.16% |
| December 31, 2021 | 61573 | $18.54 | $32.14 | $1530769 | 0.00% | 0.65% | 3.05% | 10.36% | 13.09% |
|  | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** | **AST Investment Grade Bond Portfolio** |
| December 31, 2025 | 105831 | $14.47 | $21.47 | $1984756 | 0.00% | 0.65% | 2.45% | 5.91% | 7.86% |
| December 31, 2024 | 131896 | $13.66 | $19.90 | $2311394 | 0.00% | 0.65% | 2.45% | -0.56% | 1.29% |
| December 31, 2023 | 155507 | $13.74 | $19.65 | $2714068 | 0.00% | 0.65% | 2.45% | 3.88% | 5.80% |
| December 31, 2022 | 211622 | $13.22 | $18.57 | $3529367 | 0.00% | 0.65% | 2.45% | -15.93% | -14.38% |
| December 31, 2021 | 34563 | $15.73 | $21.69 | $675550 | 0.00% | 0.65% | 2.45% | -4.56% | -2.80% |
|  | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** | **AST Emerging Markets Equity Portfolio (merged January 10, 2025)** |
| December 31, 2025 |  | $7.19 | $15.22 | $— | 0.00% | 0.65% | 2.65% | -1.47% | -1.41% |
| December 31, 2024 | 5704 | $7.30 | $15.44 | $55282 | 0.00% | 0.65% | 2.65% | 1.86% | 3.97% |
| December 31, 2023 | 6278 | $7.16 | $14.91 | $58772 | 0.00% | 0.65% | 2.65% | 9.35% | 11.59% |
| December 31, 2022 | 6682 | $6.55 | $13.41 | $56114 | 0.00% | 0.65% | 2.65% | -23.79% | -22.22% |
| December 31, 2021 | 10304 | $8.59 | $17.32 | $112133 | 0.00% | 0.65% | 2.65% | -2.46% | -0.46% |
|  | **Allspring VT Discovery All Cap Growth Fund (Class 2)** | **Allspring VT Discovery All Cap Growth Fund (Class 2)** | **Allspring VT Discovery All Cap Growth Fund (Class 2)** | **Allspring VT Discovery All Cap Growth Fund (Class 2)** | **Allspring VT Discovery All Cap Growth Fund (Class 2)** | **Allspring VT Discovery All Cap Growth Fund (Class 2)** | **Allspring VT Discovery All Cap Growth Fund (Class 2)** | **Allspring VT Discovery All Cap Growth Fund (Class 2)** | **Allspring VT Discovery All Cap Growth Fund (Class 2)** |
| December 31, 2025 | 30 | $56.86 | $59.13 | $1781 | 0.00% | 1.40% | 1.65% | 13.37% | 13.66% |
| December 31, 2024 | 31 | $50.15 | $52.03 | $1614 | 0.00% | 1.40% | 1.65% | 18.99% | 19.30% |
| December 31, 2023 | 38 | $42.15 | $43.61 | $1634 | 0.00% | 1.40% | 1.65% | 30.98% | 31.31% |
| December 31, 2022 | 41 | $32.18 | $33.21 | $1355 | 0.00% | 1.40% | 1.65% | -38.24% | -38.08% |
| December 31, 2021 | 45 | $50.01 | $53.64 | $2414 | 0.00% | 1.40% | 2.00% | 12.67% | 13.36% |
|  | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** | **Allspring VT Discovery All Cap Growth Fund (Class 1)** |
| December 31, 2025 | 219 | $51.38 | $112.58 | $13071 | 0.00% | 0.65% | 2.65% | 12.47% | 14.78% |
| December 31, 2024 | 244 | $45.11 | $98.33 | $12985 | 0.00% | 0.65% | 2.65% | 18.07% | 20.51% |
| December 31, 2023 | 279 | $37.72 | $81.80 | $12639 | 0.00% | 0.65% | 2.65% | 29.97% | 32.63% |
| December 31, 2022 | 302 | $28.65 | $61.83 | $10465 | 0.00% | 0.65% | 2.75% | -38.78% | -37.45% |
| December 31, 2021 | 364 | $46.16 | $99.11 | $20626 | 0.00% | 0.65% | 2.75% | 12.10% | 14.52% |

---

A78

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** | **Allspring VT Small Cap Growth Fund (Class 1)** |
| December 31, 2025 | 242 | $32.91 | $44.01 | $9616 | 0.00% | 0.65% | 2.50% | 6.81% | 8.84% |
| December 31, 2024 | 256 | $30.81 | $40.44 | $9415 | 0.00% | 0.65% | 2.50% | 16.08% | 18.29% |
| December 31, 2023 | 284 | $26.54 | $34.19 | $8901 | 0.00% | 0.65% | 2.50% | 1.75% | 3.68% |
| December 31, 2022 | 306 | $26.09 | $32.97 | $9316 | 0.00% | 0.65% | 2.50% | -35.94% | -34.73% |
| December 31, 2021 | 344 | $40.72 | $50.51 | $16148 | 0.00% | 0.65% | 2.50% | 5.23% | 7.23% |
|  | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** | **AST Quantitative Modeling Portfolio** |
| December 31, 2025 | 1166 | $20.25 | $27.70 | $29314 | 0.00% | 0.65% | 2.75% | 11.61% | 14.02% |
| December 31, 2024 | 1410 | $18.14 | $24.30 | $31496 | 0.00% | 0.65% | 2.75% | 10.99% | 13.40% |
| December 31, 2023 | 1802 | $16.35 | $21.42 | $36051 | 0.00% | 0.65% | 2.75% | 14.26% | 16.71% |
| December 31, 2022 | 2149 | $14.31 | $18.36 | $37161 | 0.00% | 0.65% | 2.75% | -20.98% | -19.28% |
| December 31, 2021 | 2579 | $18.11 | $22.74 | $55720 | 0.00% | 0.65% | 2.75% | 12.27% | 14.69% |
|  | **Invesco V.I. Diversified Dividend Fund (Series I)** | **Invesco V.I. Diversified Dividend Fund (Series I)** | **Invesco V.I. Diversified Dividend Fund (Series I)** | **Invesco V.I. Diversified Dividend Fund (Series I)** | **Invesco V.I. Diversified Dividend Fund (Series I)** | **Invesco V.I. Diversified Dividend Fund (Series I)** | **Invesco V.I. Diversified Dividend Fund (Series I)** | **Invesco V.I. Diversified Dividend Fund (Series I)** | **Invesco V.I. Diversified Dividend Fund (Series I)** |
| December 31, 2025 | 472 | $26.46 | $36.20 | $15619 | 1.62% | 0.65% | 2.75% | 12.56% | 14.99% |
| December 31, 2024 | 514 | $23.51 | $31.49 | $14862 | 1.84% | 0.65% | 2.75% | 10.09% | 12.48% |
| December 31, 2023 | 585 | $21.36 | $27.99 | $15074 | 2.01% | 0.65% | 2.75% | 6.06% | 8.34% |
| December 31, 2022 | 624 | $20.14 | $25.84 | $14942 | 1.81% | 0.65% | 2.75% | -4.38% | -2.32% |
| December 31, 2021 | 647 | $21.06 | $26.45 | $15978 | 2.08% | 0.65% | 2.75% | 15.63% | 18.12% |
|  | **Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)** | **Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)** | **Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)** | **Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)** | **Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)** | **Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)** | **Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)** | **Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)** | **Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1)** |
| December 31, 2025 | 10 | $11.28 | $11.28 | $115 | 2.27% | 1.00% | 1.00% | 8.10% | 8.10% |
| December 31, 2024 | 11 | $10.44 | $10.44 | $115 | 3.25% | 1.00% | 1.00% | 0.55% | 0.55% |
| December 31, 2023 | 13 | $10.38 | $10.38 | $131 | 2.79% | 1.00% | 1.00% | 4.65% | 4.65% |
| December 31, 2022 | 14 | $9.92 | $9.92 | $142 | 1.98% | 1.00% | 1.00% | -15.00% | -15.00% |
| December 31, 2021 | 19 | $11.67 | $11.67 | $223 | 1.98% | 1.00% | 1.00% | -1.94% | -1.94% |
|  | **Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)** | **Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)** | **Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)** | **Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)** | **Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)** | **Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)** | **Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)** | **Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)** | **Columbia Variable Portfolio - Large Cap Growth Fund (Class 1)** |
| December 31, 2025 | 109 | $65.42 | $65.42 | $7118 | 0.00% | 1.00% | 1.00% | 14.98% | 14.98% |
| December 31, 2024 | 121 | $56.90 | $56.90 | $6885 | 0.00% | 1.00% | 1.00% | 30.01% | 30.01% |
| December 31, 2023 | 130 | $43.76 | $43.76 | $5678 | 0.00% | 1.00% | 1.00% | 41.74% | 41.74% |
| December 31, 2022 | 143 | $30.88 | $30.88 | $4416 | 0.00% | 1.00% | 1.00% | -32.07% | -32.07% |
| December 31, 2021 | 159 | $45.45 | $45.45 | $7204 | 0.00% | 1.00% | 1.00% | 27.45% | 27.45% |
|  | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** | **Allspring VT Opportunity Fund (Class 1)** |
| December 31, 2025 | 43 | $45.09 | $45.09 | $1932 | 0.31% | 1.40% | 1.40% | 5.51% | 5.51% |
| December 31, 2024 | 52 | $42.74 | $42.74 | $2216 | 0.28% | 1.40% | 1.40% | 13.72% | 13.72% |
| December 31, 2023 | 55 | $37.58 | $37.58 | $2063 | 0.00% | 1.40% | 1.40% | 25.06% | 25.06% |
| December 31, 2022 | 65 | $30.05 | $30.05 | $1952 | 0.00% | 1.40% | 1.40% | -21.72% | -21.72% |
| December 31, 2021 | 72 | $38.39 | $38.39 | $2777 | 0.24% | 1.40% | 1.40% | 23.31% | 23.31% |
|  | **Allspring VT Opportunity Fund (Class 2)** | **Allspring VT Opportunity Fund (Class 2)** | **Allspring VT Opportunity Fund (Class 2)** | **Allspring VT Opportunity Fund (Class 2)** | **Allspring VT Opportunity Fund (Class 2)** | **Allspring VT Opportunity Fund (Class 2)** | **Allspring VT Opportunity Fund (Class 2)** | **Allspring VT Opportunity Fund (Class 2)** | **Allspring VT Opportunity Fund (Class 2)** |
| December 31, 2025 | 107 | $43.49 | $43.49 | $4670 | 0.05% | 1.40% | 1.40% | 5.22% | 5.22% |
| December 31, 2024 | 121 | $41.33 | $41.33 | $4998 | 0.05% | 1.40% | 1.40% | 13.43% | 13.43% |
| December 31, 2023 | 135 | $36.44 | $36.44 | $4910 | 0.00% | 1.40% | 1.40% | 24.73% | 24.73% |
| December 31, 2022 | 149 | $29.21 | $29.21 | $4345 | 0.00% | 1.40% | 1.40% | -21.91% | -21.91% |
| December 31, 2021 | 162 | $37.41 | $37.41 | $6053 | 0.04% | 1.40% | 1.40% | 23.03% | 23.03% |
|  | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** | **AST ClearBridge Dividend Growth Portfolio (merged January 24, 2025)** |
| December 31, 2025 |  | $26.74 | $34.49 | $— | 0.00% | 0.65% | 2.75% | 3.48% | 3.63% |
| December 31, 2024 | 2090 | $25.84 | $33.29 | $64758 | 0.00% | 0.65% | 2.75% | 13.49% | 15.95% |
| December 31, 2023 | 2354 | $22.77 | $28.71 | $63381 | 0.00% | 0.65% | 2.75% | 11.19% | 13.58% |
| December 31, 2022 | 2350 | $20.48 | $25.27 | $56105 | 0.00% | 0.65% | 2.75% | -10.08% | -8.15% |
| December 31, 2021 | 2790 | $22.77 | $27.51 | $72765 | 0.00% | 0.65% | 2.75% | 23.04% | 25.70% |
|  | **Columbia Variable Portfolio - Government Money Market Fund (Class 1)** | **Columbia Variable Portfolio - Government Money Market Fund (Class 1)** | **Columbia Variable Portfolio - Government Money Market Fund (Class 1)** | **Columbia Variable Portfolio - Government Money Market Fund (Class 1)** | **Columbia Variable Portfolio - Government Money Market Fund (Class 1)** | **Columbia Variable Portfolio - Government Money Market Fund (Class 1)** | **Columbia Variable Portfolio - Government Money Market Fund (Class 1)** | **Columbia Variable Portfolio - Government Money Market Fund (Class 1)** | **Columbia Variable Portfolio - Government Money Market Fund (Class 1)** |
| December 31, 2025 | 203 | $10.27 | $10.61 | $2153 | 3.93% | 1.00% | 1.25% | 2.68% | 2.94% |
| December 31, 2024 | 243 | $10.01 | $10.31 | $2500 | 4.92% | 1.00% | 1.25% | 3.68% | 3.94% |
| December 31, 2023 | 271 | $9.65 | $9.92 | $2686 | 4.63% | 1.00% | 1.25% | 3.42% | 3.68% |
| December 31, 2022 | 301 | $9.33 | $9.56 | $2877 | 1.19% | 1.00% | 1.25% | -0.06% | 0.20% |
| December 31, 2021 | 296 | $9.34 | $9.55 | $2830 | 0.01% | 1.00% | 1.25% | -1.24% | -0.99% |

---

A79

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | |
| | **Columbia Variable Portfolio - Income Opportunities Fund (Class 1)** | **Columbia Variable Portfolio - Income Opportunities Fund (Class 1)** | **Columbia Variable Portfolio - Income Opportunities Fund (Class 1)** | **Columbia Variable Portfolio - Income Opportunities Fund (Class 1)** | **Columbia Variable Portfolio - Income Opportunities Fund (Class 1)** | **Columbia Variable Portfolio - Income Opportunities Fund (Class 1)** | **Columbia Variable Portfolio - Income Opportunities Fund (Class 1)** | **Columbia Variable Portfolio - Income Opportunities Fund (Class 1)** | **Columbia Variable Portfolio - Income Opportunities Fund (Class 1)** | |
| December 31, 2025 | 3 | $15.63 | $15.63 | $50 | 1.53% | 1.00% | 1.00% | 7.70% | 7.70% |  |
| December 31, 2024 | 9 | $14.52 | $14.52 | $125 | 5.60% | 1.00% | 1.00% | 4.84% | 4.84% |  |
| December 31, 2023 | 9 | $13.85 | $13.85 | $123 | 5.17% | 1.00% | 1.00% | 10.45% | 10.45% |  |
| December 31, 2022 | 10 | $12.54 | $12.54 | $124 | 5.36% | 1.00% | 1.00% | -10.91% | -10.91% |  |
| December 31, 2021 | 10 | $14.07 | $14.07 | $147 | 9.10% | 1.00% | 1.00% | 3.45% | 3.45% |  |
|  | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** | **AST Large-Cap Equity Portfolio** |  |
| December 31, 2025 | 12569 | $30.23 | $41.22 | $483565 | 0.00% | 0.65% | 3.05% | 11.38% | 14.14% |  |
| December 31, 2024 | 4444 | $28.14 | $36.11 | $150117 | 0.00% | 0.65% | 2.75% | 20.72% | 23.34% |  |
| December 31, 2023 | 4607 | $23.31 | $29.28 | $127099 | 0.00% | 0.65% | 2.75% | 19.73% | 22.30% |  |
| December 31, 2022 | 4857 | $19.47 | $23.94 | $110138 | 0.00% | 0.65% | 2.75% | -19.27% | -17.53% |  |
| December 31, 2021 | 6174 | $24.12 | $29.03 | $170350 | 0.00% | 0.65% | 2.75% | 24.33% | 27.01% |  |
|  | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** | **AST Bond Portfolio 2025 (liquidated December 31, 2025)** |  |
| December 31, 2025 |  | $10.47 | $13.46 | $— | 0.00% | 1.00% | 3.05% | 1.17% | 3.31% |  |
| December 31, 2024 | 1709 | $10.35 | $13.03 | $20132 | 0.00% | 1.00% | 3.05% | 2.13% | 4.30% |  |
| December 31, 2023 | 250 | $10.45 | $12.49 | $2830 | 0.00% | 1.00% | 2.75% | 2.92% | 4.77% |  |
| December 31, 2022 | 388 | $10.15 | $11.92 | $4288 | 0.00% | 1.00% | 2.75% | -11.25% | -9.65% |  |
| December 31, 2021 | 93 | $11.16 | $13.20 | $1139 | 0.00% | 1.00% | 3.05% | -5.82% | -3.82% |  |
|  | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** | **AST Bond Portfolio 2026** |  |
| December 31, 2025 | 1957 | $9.08 | $11.42 | $20402 | 0.00% | 1.00% | 3.05% | 1.98% | 4.14% |  |
| December 31, 2024 | 1540 | $8.90 | $10.97 | $15728 | 0.00% | 1.00% | 3.05% | 1.36% | 3.52% |  |
| December 31, 2023 | 1901 | $8.78 | $10.60 | $18838 | 0.00% | 1.00% | 3.05% | 2.71% | 4.88% |  |
| December 31, 2022 | 2288 | $8.55 | $10.10 | $21572 | 0.00% | 1.00% | 3.05% | -13.40% | -11.58% |  |
| December 31, 2021 | 2372 | $9.87 | $11.43 | $25560 | 0.00% | 1.00% | 3.05% | -6.78% | -4.80% |  |
|  | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** | **AST Bond Portfolio 2027** |  |
| December 31, 2025 | 2934 | $9.24 | $11.04 | $29826 | 0.00% | 1.00% | 2.75% | 3.08% | 4.93% |  |
| December 31, 2024 | 3561 | $8.96 | $10.52 | $34673 | 0.00% | 1.00% | 2.75% | 0.91% | 2.74% |  |
| December 31, 2023 | 4227 | $8.67 | $10.24 | $40314 | 0.00% | 1.00% | 3.05% | 2.30% | 4.46% |  |
| December 31, 2022 | 4736 | $8.47 | $9.81 | $43546 | 0.00% | 1.00% | 3.05% | -15.36% | -13.57% |  |
| December 31, 2021 | 3610 | $10.01 | $11.34 | $38850 | 0.00% | 1.00% | 3.05% | -7.50% | -5.55% |  |
|  | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** | **NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D)** |  |
| December 31, 2025 | 1056 | $12.18 | $15.33 | $15221 | 0.31% | 0.65% | 3.05% | 31.63% | 34.89% |  |
| December 31, 2024 | 1208 | $9.25 | $11.36 | $12966 | 1.28% | 0.65% | 3.05% | 2.74% | 5.29% |  |
| December 31, 2023 | 1413 | $9.01 | $10.79 | $14501 | 1.41% | 0.65% | 3.05% | 0.65% | 3.13% |  |
| December 31, 2022 | 1362 | $8.95 | $10.47 | $13686 | 0.16% | 0.65% | 3.05% | -27.28% | -25.48% |  |
| December 31, 2021 | 1550 | $12.51 | $14.04 | $21041 | 0.93% | 0.65% | 2.75% | -10.13% | -8.19% |  |
|  | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** | **AST Bond Portfolio 2028** |  |
| December 31, 2025 | 4154 | $9.22 | $11.14 | $43165 | 0.00% | 1.00% | 3.05% | 3.76% | 5.96% |  |
| December 31, 2024 | 5017 | $8.89 | $10.51 | $49530 | 0.00% | 1.00% | 3.05% | -0.53% | 1.58% |  |
| December 31, 2023 | 6127 | $8.94 | $10.35 | $60054 | 0.00% | 1.00% | 3.05% | 2.30% | 4.46% |  |
| December 31, 2022 | 7615 | $8.74 | $9.90 | $71913 | 0.00% | 1.00% | 3.05% | -16.67% | -14.91% |  |
| December 31, 2021 | 5445 | $10.48 | $11.64 | $60975 | 0.00% | 1.00% | 3.05% | -7.37% | -5.41% |  |
|  | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** | **AST Bond Portfolio 2029** |  |
| December 31, 2025 | 31 | $9.72 | $10.77 | $319 | 0.00% | 1.25% | 2.50% | 5.09% | 6.44% |  |
| December 31, 2024 | 239 | $9.25 | $10.12 | $2278 | 0.00% | 1.25% | 2.50% | -1.08% | 0.19% |  |
| December 31, 2023 | 350 | $9.36 | $10.25 | $3349 | 0.00% | 1.00% | 2.50% | 2.99% | 4.57% |  |
| December 31, 2022 | 503 | $9.01 | $9.80 | $4666 | 0.00% | 1.00% | 2.65% | -18.20% | -16.81% |  |
| December 31, 2021 |  | $10.82 | $11.79 | $— | 0.00% | 1.00% | 3.10% | -7.47% | -5.47% | (2) |
|  | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** | **AST Bond Portfolio 2030** |  |
| December 31, 2025 | 3255 | $9.63 | $11.15 | $34771 | 0.00% | 1.00% | 3.05% | 4.75% | 6.96% |  |
| December 31, 2024 | 3674 | $9.19 | $10.42 | $36984 | 0.00% | 1.00% | 3.05% | -2.09% | -0.01% |  |
| December 31, 2023 | 4175 | $9.39 | $10.42 | $42281 | 0.00% | 1.00% | 3.05% | 2.18% | 4.33% |  |
| December 31, 2022 | 4160 | $9.19 | $9.99 | $40749 | 0.00% | 1.00% | 3.05% | -19.66% | -17.96% |  |
| December 31, 2021 | 4328 | $11.44 | $12.18 | $51992 | 0.00% | 1.00% | 3.05% | -7.12% | -5.16% |  |

---

A80

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** |
| | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** | **AST Bond Portfolio 2031** |
| December 31, 2025 | 2966 | $8.33 | $9.44 | $26908 | 0.00% | 1.00% | 3.05% | 5.13% | 7.35% |
| December 31, 2024 | 3457 | $7.92 | $8.80 | $29451 | 0.00% | 1.00% | 3.05% | -2.86% | -0.79% |
| December 31, 2023 | 3812 | $8.16 | $8.87 | $32975 | 0.00% | 1.00% | 3.05% | 2.16% | 4.31% |
| December 31, 2022 | 4522 | $7.98 | $8.50 | $37723 | 0.00% | 1.00% | 3.05% | -21.21% | -19.55% |
| December 31, 2021 | 3392 | $10.13 | $10.57 | $35400 | 0.00% | 1.00% | 3.05% | -7.68% | -5.72% |
|  | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** | **MFS® International Growth Portfolio (Service Class)** |
| December 31, 2025 | 45 | $17.44 | $17.44 | $790 | 1.01% | 1.30% | 1.30% | 19.24% | 19.24% |
| December 31, 2024 | 16 | $14.63 | $14.63 | $228 | 0.91% | 1.30% | 1.30% | 7.34% | 7.34% |
| December 31, 2023 | 16 | $13.63 | $13.68 | $216 | 0.51% | 1.20% | 1.30% | 12.91% | 13.03% |
| December 31, 2022 | 49 | $12.07 | $12.10 | $594 | 0.27% | 1.20% | 1.30% | -16.28% | -16.20% |
| December 31, 2021 | 218 | $14.42 | $14.44 | $3151 | 0.46% | 1.20% | 1.30% | 7.58% | 7.68% |
|  | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** | **MFS® Total Return Bond Series (Service Class)** |
| December 31, 2025 | 291 | $9.96 | $9.96 | $2894 | 3.99% | 1.30% | 1.30% | 5.55% | 5.55% |
| December 31, 2024 | 195 | $9.43 | $9.43 | $1842 | 3.15% | 1.30% | 1.30% | 0.99% | 0.99% |
| December 31, 2023 | 69 | $9.34 | $9.34 | $649 | 3.09% | 1.30% | 1.30% | 5.74% | 5.74% |
| December 31, 2022 | 316 | $8.83 | $8.86 | $2792 | 2.11% | 1.20% | 1.30% | -15.30% | -15.21% |
| December 31, 2021 | 661 | $10.43 | $10.45 | $6902 | 3.05% | 1.20% | 1.30% | -2.35% | -2.25% |
|  | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** | **MFS® Total Return Series (Service Class)** |
| December 31, 2025 | 66 | $15.15 | $15.15 | $1001 | 2.54% | 1.30% | 1.30% | 9.47% | 9.47% |
| December 31, 2024 | 63 | $13.84 | $13.84 | $876 | 2.15% | 1.30% | 1.30% | 6.06% | 6.06% |
| December 31, 2023 | 60 | $13.05 | $13.05 | $782 | 1.78% | 1.30% | 1.30% | 8.79% | 8.79% |
| December 31, 2022 | 66 | $11.99 | $12.03 | $787 | 1.14% | 1.20% | 1.30% | -11.01% | -10.92% |
| December 31, 2021 | 704 | $13.48 | $13.50 | $9494 | 1.65% | 1.20% | 1.30% | 12.36% | 12.47% |
|  | **MFS® Value Series (Service Class)** | **MFS® Value Series (Service Class)** | **MFS® Value Series (Service Class)** | **MFS® Value Series (Service Class)** | **MFS® Value Series (Service Class)** | **MFS® Value Series (Service Class)** | **MFS® Value Series (Service Class)** | **MFS® Value Series (Service Class)** | **MFS® Value Series (Service Class)** |
| December 31, 2025 | 270 | $18.84 | $18.95 | $5097 | 1.09% | 1.20% | 1.30% | 11.30% | 11.41% |
| December 31, 2024 | 223 | $16.93 | $16.93 | $3783 | 1.41% | 1.30% | 1.30% | 9.90% | 9.90% |
| December 31, 2023 | 186 | $15.40 | $15.46 | $2872 | 1.28% | 1.20% | 1.30% | 6.24% | 6.35% |
| December 31, 2022 | 226 | $14.50 | $14.54 | $3277 | 1.05% | 1.20% | 1.30% | -7.36% | -7.27% |
| December 31, 2021 | 799 | $15.65 | $15.68 | $12514 | 1.21% | 1.20% | 1.30% | 23.53% | 23.66% |
|  | **PSF PGIM Government Money Market Portfolio (Class III)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **PSF PGIM Government Money Market Portfolio (Class III)** | **PSF PGIM Government Money Market Portfolio (Class III)** |
| December 31, 2025 | 2799 | $10.85 | $11.52 | $32240 | 3.71% | 0.00% | 1.30% | 2.44% | 3.79% |
| December 31, 2024 | 2576 | $10.59 | $11.10 | $28592 | 4.63% | 0.00% | 1.30% | 3.38% | 4.75% |
| December 31, 2023 | 2333 | $10.25 | $10.59 | $24712 | 4.53% | 0.00% | 1.30% | 3.26% | 4.62% |
| December 31, 2022 | 2390 | $9.92 | $10.13 | $24206 | 0.64% | 0.00% | 1.30% | -0.10% | 1.22% |
| December 31, 2021 | 11017 | $9.93 | $10.00 | $110217 | 0.04% | 0.00% | 1.30% | -0.67% | 0.04% |
|  | **Invesco V.I. Discovery Mid Cap Growth Fund (Series I)** | **Invesco V.I. Discovery Mid Cap Growth Fund (Series I)** | **Invesco V.I. Discovery Mid Cap Growth Fund (Series I)** | **Invesco V.I. Discovery Mid Cap Growth Fund (Series I)** | **Invesco V.I. Discovery Mid Cap Growth Fund (Series I)** | **Invesco V.I. Discovery Mid Cap Growth Fund (Series I)** | **Invesco V.I. Discovery Mid Cap Growth Fund (Series I)** | **Invesco V.I. Discovery Mid Cap Growth Fund (Series I)** | **Invesco V.I. Discovery Mid Cap Growth Fund (Series I)** |
| December 31, 2025 | 504 | $15.61 | $17.02 | $8271 | 0.00% | 0.65% | 2.15% | 2.54% | 4.11% |
| December 31, 2024 | 577 | $14.97 | $16.35 | $9159 | 0.00% | 0.65% | 2.50% | 21.11% | 23.42% |
| December 31, 2023 | 648 | $12.36 | $13.25 | $8383 | 0.00% | 0.65% | 2.50% | 10.33% | 12.42% |
| December 31, 2022 | 764 | $11.21 | $11.78 | $8854 | 0.00% | 0.65% | 2.50% | -32.71% | -31.43% |
| December 31, 2021 | 910 | $16.65 | $17.18 | $15469 | 0.00% | 0.65% | 2.50% | 16.12% | 18.32% |
|  | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** | **AST Global Bond Portfolio (merged February 7, 2025)** |
| December 31, 2025 |  | $8.52 | $9.32 | $— | 0.00% | 0.65% | 2.75% | 0.26% | 0.48% |
| December 31, 2024 | 8561 | $8.50 | $9.28 | $77195 | 0.00% | 0.65% | 2.75% | -0.11% | 2.06% |
| December 31, 2023 | 8800 | $8.50 | $9.09 | $78304 | 0.00% | 0.65% | 2.75% | 3.37% | 5.60% |
| December 31, 2022 | 8383 | $8.23 | $8.61 | $71094 | 0.00% | 0.65% | 2.75% | -14.60% | -12.76% |
| December 31, 2021 | 10543 | $9.63 | $9.87 | $103217 | 0.00% | 0.65% | 2.75% | -4.17% | -2.10% |
|  | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** | **AST Bond Portfolio 2032 (available January 4, 2021)** |
| December 31, 2025 | 4101 | $7.36 | $8.17 | $32581 | 0.00% | 1.00% | 3.05% | 5.42% | 7.65% |
| December 31, 2024 | 4448 | $6.98 | $7.59 | $33085 | 0.00% | 1.00% | 3.05% | -3.68% | -1.63% |
| December 31, 2023 | 6649 | $7.25 | $7.71 | $50604 | 0.00% | 1.00% | 3.05% | 1.96% | 4.11% |
| December 31, 2022 | 8949 | $7.11 | $7.41 | $65726 | 0.00% | 1.00% | 3.05% | -22.60% | -20.97% |
| December 31, 2021 | 5609 | $9.18 | $9.38 | $52363 | 0.00% | 1.00% | 3.05% | -8.16% | -6.24% |

---

A81

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **At the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | **For the period ended** | |
| | **Units Outstanding**<br>**(000s)** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Unit Value<br>Lowest — Highest** | **Net<br>Assets<br>(000s)** | **Investment<br>Income<br>Ratio\*** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Expense Ratio\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | **Total Return\*\*\*<br>Lowest — Highest** | |
| | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | **AST Bond Portfolio 2033 (available January 3, 2022)** | |
| December 31, 2025 |  | $7.85 | to | $8.55 | $— | 0.00% | 1.00% | to | 3.10% | 5.56% | to | 7.85% | (2) |
| December 31, 2024 |  | $7.54 | to | $7.81 | $— | 0.00% | 1.50% | to | 2.65% | -4.42% | to | -3.28% |  |
| December 31, 2023 | 30 | $7.89 | to | $8.11 | $243 | 0.00% | 1.25% | to | 2.65% | 1.89% | to | 3.35% |  |
| December 31, 2022 | 65 | $7.74 | to | $7.85 | $505 | 0.00% | 1.25% | to | 2.60% | -22.55% | to | -21.48% |  |
| December 31, 2021 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |  |
|  | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** | **AST Bond Portfolio 2034 (available January 3, 2023)** |  |
| December 31, 2025 | 90 | $10.05 | to | $10.70 | $958 | 0.00% | 1.00% | to | 3.05% | 5.77% | to | 8.01% |  |
| December 31, 2024 | 35 | $9.50 | to | $9.91 | $337 | 0.00% | 1.00% | to | 3.05% | -5.50% | to | -3.49% |  |
| December 31, 2023 | 3 | $10.09 | to | $10.27 | $28 | 0.00% | 1.00% | to | 2.75% | 0.89% | to | 2.68% |  |
| December 31, 2022 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |  |
| December 31, 2021 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |  |
|  | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** | **AST Bond Portfolio 2035 (available January 2, 2024)** |  |
| December 31, 2025 | 106 | $10.09 | to | $10.46 | $1103 | 0.00% | 1.00% | to | 2.75% | 6.21% | to | 8.12% |  |
| December 31, 2024 | 20 | $9.50 | to | $9.67 | $188 | 0.00% | 1.00% | to | 2.75% | -4.97% | to | -3.27% |  |
| December 31, 2023 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |  |
| December 31, 2022 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |  |
| December 31, 2021 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |  |
|  | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** | **AST Bond Portfolio 2036 (available January 2, 2025)** |  |
| December 31, 2025 | 13 | $10.60 | to | $10.68 | $141 | 0.00% | 1.00% | to | 1.75% | 6.02% | to | 6.83% |  |
| December 31, 2024 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |  |
| December 31, 2023 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |  |
| December 31, 2022 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |  |
| December 31, 2021 |  | $— | to | $— | $— | 0.00% | 0.00% | to | 0.00% | 0.00% | to | 0.00% |  |

---

\* These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying Portfolios, net of management fees assessed by the fund manager, divided by the average daily net assets. These ratios exclude those expenses, such as mortality and expense risk and administration 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 Portfolios in which the subaccount invests.

\*\* These amounts represent the annualized contract expenses of the Account, consisting primarily of mortality and expense risk and administration 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 Portfolios are excluded.

\*\*\* These amounts represent the total returns for the periods indicated, including changes in the value of the underlying Portfolios, and reflect deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Product designs within a subaccount which were offered less than one year are included in the range of total returns for that period, and their respective total returns may not correspond to the total returns of a product offering with a comparable expense ratio that was presented for the full period. Contract owners may experience different total returns based on their investment options. Subaccounts with a date notation indicate the effective date of that subaccount in the Account. Total returns for periods less than one year are not annualized. The total return is calculated for each of the five periods preceding December 31, 2025 or for the periods indicated within.

(1) Amount is less than 0.01%.

(2) Total return reflects the return had there been contract owners in the subaccount during the period.

A82

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**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

**Note 8:&nbsp;&nbsp;&nbsp;&nbsp;Charges and Expenses**

The following represents the various charges and expenses of the Account which are paid to FLIAC.

Each contract funded through the Account is subject to specific fees and charges, some of which are deducted as an asset-based charge by the Account, while others are deducted either annually or at the time that certain transactions are made.

<u>Insurance Charge</u> - The insurance charge is the combination of the mortality and expense risk charges and the administrative charge. The insurance charge is expressed as an annual charge; however the daily equivalent is deducted on a daily basis from the net assets of each subaccount. This charge is assessed through a reduction in unit values.

<u>Distribution Charge</u> - The distribution charge is deducted by the Account on certain contracts for a specified period of time. The distribution charge is intended to compensate FLIAC for a portion of the acquisition expenses under the annuity, including promotion and distribution of the annuity. The distribution charge is expressed as an annual charge; however, the daily equivalent is deducted on a daily basis from the net assets of each subaccount. This charge is assessed through a reduction in unit values.

<u>Annual Maintenance Fee</u> - An annual maintenance fee of up to $35 is deducted at the end of each annuity year and upon surrender of the annuity. The annual maintenance fee on certain contracts may be less than $35, may be zero or, under certain circumstances, may be waived based on the account value of the annuity on the anniversary date when the charge is deducted. This charge is assessed through the redemption of units.

<u>Transfer Fees</u> - Transfer fees are charged at a rate of $10 for each transfer after the 20th transfer in each annuity year, as set forth in the respective prospectuses. These charges are assessed through the redemption of units.

<u>Contingent Deferred Sales Charges</u> - Contingent deferred sales charges from 0% to 9% may apply to certain withdrawals from the annuities and upon surrender of the annuity. When applicable, contingent deferred sales charges will apply for a maximum number of years depending on the type of contract. The maximum number of years may be based on the number of years since each purchase payment is applied or from the issue date of the annuity. Certain annuities do not deduct a contingent deferred sales charge upon surrender or withdrawal. Refer to the prospectus for the contract for a complete description of the contingent deferred sales charge, as well as for any exceptions to the provision that may apply to certain withdrawals during each annuity year. These charges are assessed through the redemption of units.

<u>Premium Taxes</u> - Some states and municipalities impose premium taxes, which currently range up to 3.5% on variable immediate annuity contracts. Depending on the product, these charges are deducted before the net amount is allocated to the investment options in the Account or are assessed through the redemption of units at annuitization.

<u>Optional Benefit Charges</u> - Prior to November 18, 2002, PALAC offered certain optional benefits as riders to the various contracts where the annual charge to purchase the rider was deducted from the annuity on an annual basis in arrears. Charges on these benefits will continue to be deducted in the same manner. Effective as of November 18, 2002, PALAC, and now FLIAC, due to the sale, offers riders for optional benefits whose annual charge is deducted on a daily basis from the net assets of each subaccount. The daily charge for the optional benefits is deducted in the same manner as the insurance charge and the distribution charge (if applicable). These charges are assessed through a reduction in unit values.

The following are the base and maximum combined insurance, distribution (when applicable), and optional benefit charges of the respective contracts.

A83

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

---

| | | |
|:---|:---|:---|
| **Products** | **Base** | **Maximum** |
| ACN | 1.40% | 1.65% |
| Apex | 1.40% | 2.15% |
| Apex II | 1.65% | 3.05% |
| AS Cornerstone | 1.15% | 2.55% |
| AS Impact | 1.00% | 1.50% |
| AS Protector | 1.40% | 1.65% |
| ASAIA | 1.25% | 2.25% |
| ASAP | 1.40% | 1.65% |
| ASAP II | 1.40% | 2.15% |
| ASAP II Premier | 1.40% | 1.65% |
| ASAP III | 0.65% | 2.60% |
| ASL | 1.40% | 2.15% |
| ASL II | 1.65% | 3.05% |
| ASL II Premier | 1.65% | 2.25% |
| ASL Premier | 1.40% | 1.65% |
| ASVIA | 1.25% | 1.25% |
| Advisors Choice Advisors Select | 0.90% | 0.90% |
| Choice 2000 | 0.65% | 2.05% |
| Defined Investments Annuity | 1.00% | 1.75% |
| Emerald Choice | 1.40% | 2.15% |
| Galaxy III | 1.00% | 1.25% |
| Harvester Variable Annuity | 1.40% | 1.65% |
| Harvester XTra Credit | 1.40% | 1.65% |
| Imperium | 1.40% | 2.15% |
| Optimum | 0.65% | 2.65% |
| Optimum Four | 1.65% | 3.05% |
| Optimum Plus | 0.65% | 3.05% |
| Optimum XTra | 1.75% | 3.10% |
| FlexGuard | 1.20% | 1.30% |
| FlexGuard Income | 1.20% | 1.30% |
| PSA | 1.40% | 1.40% |
| Stagecoach VA | 1.40% | 2.15% |
| Stagecoach Apex II | 1.65% | 3.00% |
| Stagecoach ASAP III | 1.25% | 2.60% |
| Stagecoach Extra Credit | 1.40% | 2.15% |
| Stagecoach Flex | 1.40% | 2.15% |
| Stagecoach VA+ | 1.40% | 2.15% |
| Stagecoach XTra Credit SIX | 1.65% | 3.00% |
| Stagecoach Apex | 1.40% | 2.15% |
| XTra Credit | 1.40% | 2.15% |
| XTra Credit EIGHT | 1.75% | 3.10% |
| XTra Credit FOUR | 1.40% | 2.15% |
| XTra Credit FOUR Premier | 1.40% | 1.65% |
| XTra Credit Premier | 1.40% | 1.65% |
| XTra Credit SIX | 0.65% | 3.05% |

---

A84

------

**NOTES TO FINANCIAL STATEMENTS OF** 

**FORTITUDE LIFE INSURANCE & ANNUITY COMPANY VARIABLE ACCOUNT B—(Continued)**

**Note 9:&nbsp;&nbsp;&nbsp;&nbsp;Other**

<u>Accumulation units</u> are the contract owner's interest allocated to the variable account during the accumulation period of the contract.

<u>Contract owner net payments</u> represent contract owner contributions, net of applicable deductions, charges, and state premium taxes, including amounts transferred to individual subaccounts by the general account to cover greater longevity of annuitants for contracts in payout and remittance of remediation credits to contract owners.

<u>Annuity payments</u> represent periodic payments distributed under the terms of the contract.

<u>Surrenders, withdrawals and death benefits</u> are payments to contract owners and beneficiaries made under the terms of the contracts, including amounts that contract owners have requested to be withdrawn or paid to them.

<u>Net transfers between other subaccounts or fixed rate option</u> are amounts that contract owners have directed to be moved among subaccounts, including permitted transfers to and from the guaranteed interest account and market value adjustment account.

<u>Miscellaneous transactions</u> primarily represent timing related adjustments on contract owner transactions, such as premiums, surrenders, transfers, etc. which are funded by the general account in order to maintain appropriate contract owner account balances.

<u>Other charges</u> are contract level charges assessed through the redemption of units as described in Note 8, Charges and Expenses.

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**Report of Independent Registered Public Accounting Firm**

To the Board of Directors of Fortitude Life Insurance & Annuity Company and the Contract Owners of Fortitude Life Insurance & Annuity Company Variable Account B

***Opinions on the Financial Statements***

We have audited the accompanying statements of net assets of each of the subaccounts of Fortitude Life Insurance & Annuity Company Variable Account B indicated in the table below as of the dates indicated in the table below, and the related statements of operations and of changes in net assets for each of the periods indicated in the table below, including the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the subaccounts of Fortitude Life Insurance & Annuity Company Variable Account B as of the dates indicated in the table below, and the results of each of their operations, and the changes in each of their net assets for the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.

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| | |
|:---|:---|
| AST Large-Cap Growth Portfolio (1) | ProFund VP UltraMid-Cap (1) |
| AST Government Money Market Portfolio (1) | ProFund VP UltraNasdaq-100 (1) |
| AST Cohen & Steers Realty Portfolio (2) | ProFund VP UltraSmall-Cap (1) |
| AST J.P. Morgan Conservative Multi-Asset Portfolio (1) | ProFund VP Utilities (1) |
| AST High Yield Portfolio (3) | ProFund VP Large-Cap Growth (1) |
| AST Large-Cap Value Portfolio (1) | ProFund VP Large-Cap Value (1) |
| AST Small-Cap Equity Portfolio (1) | Rydex VT Nova Fund (1) |
| AST T. Rowe Price Natural Resources Portfolio (2) | Rydex VT NASDAQ-100® Fund (1) |
| AST MFS Global Equity Portfolio (2) | Rydex VT Inverse S&P 500® Strategy Fund (1) |
| AST International Equity Portfolio (1) | Invesco V.I. Health Care Fund (Series I) (1) |
| AST Aggressive Asset Allocation Portfolio (1) | Invesco V.I. Technology Fund (Series I) (1) |
| AST Multi-Asset Diversified Plus Portfolio (1) | Allspring VT Index Asset Allocation Fund (Class 2) (1) |
| AST Balanced Asset Allocation Portfolio (1) | Allspring VT Small Cap Growth Fund (Class 2) (1) |
| AST Preservation Asset Allocation Portfolio (1) | AST PGIM Aggressive Multi-Asset Portfolio (1) |
| AST J.P. Morgan Moderate Multi-Asset Portfolio (1) | AST Multi-Asset Diversified Portfolio (1) |
| AST Core Fixed Income Portfolio (1) | AST Investment Grade Bond Portfolio (1) |
| Davis Equity Portfolio (1) | AST Emerging Markets Equity Portfolio (4) |
| Columbia Variable Portfolio - Small Company Growth Fund (Class 1) (1) | Allspring VT Discovery All Cap Growth Fund (Class 2) (1) |
| ProFund VP Asia 30 (1) | Allspring VT Discovery All Cap Growth Fund (Class 1) (1) |
| ProFund VP Banks (1) | Allspring VT Small Cap Growth Fund (Class 1) (1) |
| ProFund VP Bear (1) | AST Quantitative Modeling Portfolio (1) |
| ProFund VP Biotechnology (1) | Invesco V.I. Diversified Dividend Fund (Series I) (1) |
| ProFund VP Materials (1) | Columbia Variable Portfolio - U.S. Government Mortgage Fund (Class 1) (1) |
| ProFund VP UltraBull (1) | Columbia Variable Portfolio - Large Cap Growth Fund (Class 1) (1) |
| ProFund VP Bull (1) | Allspring VT Opportunity Fund (Class 1) (1) |
| ProFund VP Consumer Discretionary (1) | Allspring VT Opportunity Fund (Class 2) (1) |
| ProFund VP Consumer Staples (1) | AST ClearBridge Dividend Growth Portfolio (2) |
| ProFund VP Energy (1) | Columbia Variable Portfolio - Government Money Market Fund (Class 1) (1) |
| ProFund VP Europe 30 (1) | Columbia Variable Portfolio - Income Opportunities Fund (Class 1) (1) |
| ProFund VP Financials (1) | AST Large-Cap Equity Portfolio (1) |
| ProFund VP U.S. Government Plus (1) | AST Bond Portfolio 2025 (5) |
| ProFund VP Health Care (1) | AST Bond Portfolio 2026 (1) |

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| | |
|:---|:---|
| ProFund Access VP High Yield Fund (1) | AST Bond Portfolio 2027 (1) |
| ProFund VP Industrials (1) | NVIT Fidelity Institutional AM® Emerging Markets Fund (Class D) (1) |
| ProFund VP Internet (1) | AST Bond Portfolio 2028 (1) |
| ProFund VP Japan (1) | AST Bond Portfolio 2029 (1) |
| ProFund VP Precious Metals (1) | AST Bond Portfolio 2030 (1) |
| ProFund VP Mid-Cap Growth (1) | AST Bond Portfolio 2031 (1) |
| ProFund VP Mid-Cap Value (1) | MFS® International Growth Portfolio (Service Class) (1) |
| ProFund VP Pharmaceuticals (1) | MFS® Total Return Bond Series (Service Class) (1) |
| ProFund VP Real Estate (1) | MFS® Total Return Series (Service Class) (1) |
| ProFund VP Rising Rates Opportunity (1) | MFS® Value Series (Service Class) (1) |
| ProFund VP Nasdaq-100 (1) | PSF PGIM Government Money Market Portfolio (Class III) (1) |
| ProFund VP Semiconductor (1) | Invesco V.I. Discovery Mid Cap Growth Fund (Series I) (1) |
| ProFund VP Small-Cap Growth (1) | AST Global Bond Portfolio (3) |
| ProFund VP Short Mid-Cap (1) | AST Bond Portfolio 2032 (1) |
| ProFund VP Short Nasdaq-100 (1) | AST Bond Portfolio 2033 (1) |
| ProFund VP Short Small-Cap (1) | AST Bond Portfolio 2034 (1) |
| ProFund VP Small-Cap Value (1) | AST Bond Portfolio 2035 (6) |
| ProFund VP Technology (1) | AST Bond Portfolio 2036 (7) |
| ProFund VP Communication Services (1) |  |
| (1) Statement of net assets as of December 31, 2025, statement of operations for the year ended December 31, 2025 and statement of changes in net assets for the years ended December 31, 2025 and 2024. | (1) Statement of net assets as of December 31, 2025, statement of operations for the year ended December 31, 2025 and statement of changes in net assets for the years ended December 31, 2025 and 2024. |
| (2) Statement of net assets as of January 24, 2025 (date of merger), statement of operations for the period January 1, 2025 to January 24, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to January 24, 2025 (date of merger) and for the year ended December 31, 2024. | (2) Statement of net assets as of January 24, 2025 (date of merger), statement of operations for the period January 1, 2025 to January 24, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to January 24, 2025 (date of merger) and for the year ended December 31, 2024. |
| (3) Statement of net assets as of February 7, 2025 (date of merger), statement of operations for the period January 1, 2025 to February 7, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to February 7, 2025 (date of merger) and for the year ended December 31, 2024. | (3) Statement of net assets as of February 7, 2025 (date of merger), statement of operations for the period January 1, 2025 to February 7, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to February 7, 2025 (date of merger) and for the year ended December 31, 2024. |
| (4) Statement of net assets as of January 10, 2025 (date of merger), statement of operations for the period January 1, 2025 to January 10, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to January 10, 2025 (date of merger) and for the year ended December 31, 2024. | (4) Statement of net assets as of January 10, 2025 (date of merger), statement of operations for the period January 1, 2025 to January 10, 2025 (date of merger) and statement of changes in net assets for the period January 1, 2025 to January 10, 2025 (date of merger) and for the year ended December 31, 2024. |
| (5) Statement of net assets as of December 31, 2025 (date of liquidation), statement of operations for the period January 1, 2025 to December 31, 2025 (date of liquidation) and statement of changes in net assets for the period January 1, 2025 to December 31, 2025 (date of liquidation) and for the year ended December 31, 2024. | (5) Statement of net assets as of December 31, 2025 (date of liquidation), statement of operations for the period January 1, 2025 to December 31, 2025 (date of liquidation) and statement of changes in net assets for the period January 1, 2025 to December 31, 2025 (date of liquidation) and for the year ended December 31, 2024. |
| (6) Statement of net assets as of December 31, 2025, statement of operations for the year ended December 31, 2025, and statement of changes in net assets for the year ended December 31, 2025 and for the period January 2, 2024 (commencement of operations) to December 31, 2024. | (6) Statement of net assets as of December 31, 2025, statement of operations for the year ended December 31, 2025, and statement of changes in net assets for the year ended December 31, 2025 and for the period January 2, 2024 (commencement of operations) to December 31, 2024. |
| (7) Statement of net assets as of December 31, 2025, statement of operations for the period January 2, 2025 (commencement of operations) to December 31, 2025, and statement of changes in net assets for the period January 2, 2025 (commencement of operations) to December 31, 2025. | (7) Statement of net assets as of December 31, 2025, statement of operations for the period January 2, 2025 (commencement of operations) to December 31, 2025, and statement of changes in net assets for the period January 2, 2025 (commencement of operations) to December 31, 2025. |

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***Basis for Opinions***

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

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

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Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of investments owned as of December 31, 2025 by correspondence with the transfer agents of the investee mutual funds and investee mutual fund. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

New York, New York

April 27, 2026

We have served as the auditor of one or more of the subaccounts of Fortitude Life Insurance & Annuity Company Variable Account B since 2003.

A88