# EDGAR Filing Document

**Accession Number:** 0000851066
**File Stem:** 0001104659-26-044676
**Filing Date:** 2026-4
**Character Count:** 496035
**Document Hash:** 2b8bc194a95c79f48cca9f68b67c4c32
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-044676.hdr.sgml**: 20260417

**ACCESSION NUMBER**: 0001104659-26-044676

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260417

**DATE AS OF CHANGE**: 20260417

**EFFECTIVENESS DATE**: 20260417

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Variable Annuity-2 Series Account
- **CENTRAL INDEX KEY:** 0000851066

**ORGANIZATION NAME:**
- **EIN:** 382816473
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05817
- **FILM NUMBER:** 26869869

**BUSINESS ADDRESS:**
- **STREET 1:** 8515 EAST ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111
- **BUSINESS PHONE:** 303-737-3000

**MAIL ADDRESS:**
- **STREET 1:** 8515 EAST ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Variable Annuity-2 Series Account of Great-West Life & Annuity Ins. Co.
- **DATE OF NAME CHANGE:** 20110922

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VARIFUND VARIABLE ANNUITY ACCOUNT
- **DATE OF NAME CHANGE:** 20091001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CANADA LIFE of AMERICA VARIABLE ANNUITY ACCOUNT 1
- **DATE OF NAME CHANGE:** 20060110

## Series and Classes Contracts Data

### Variable Annuity-2 Series Account (Series ID: S000006612)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000081761 | Great-West Varifund Variable Annuity                |  |
| C000081762 | Great-West Varifund Advisor Variable Annuity        |  |
| C000081764 | Great-West Varifund Plus Variable Annuity           |  |
| C000107377 | Great-West Smart Track Variable Annuity             |  |
| C000129984 | Great-West Smart Track II Variable Annuity          |  |
| C000143980 | Great-West Smart Track GWLA                         |  |
| C000143982 | Great-West Smart Track II GWLA                      |  |
| C000157148 | Smart Track II - 5 Year variable annuity            |  |
| C000159787 | Great-West Smart Track II - 5 Year variable annuity |  |
| C000173055 | Great-West Smart Track Advisor                      |  |

*Variable Annuity-2 Series Account*

*Financial Statements*

*Year Ended December 31, 2025*

*(With Report of Independent Registered Public Accounting Firm Thereon)*

**Report of Independent Registered Public Accounting Firm**

To Those Charged with Governance of Variable Annuity-2 Series Account of Empower Annuity Insurance Company of America and Contract Owners of Variable Annuity-2 Series Account:

*Opinion on the Financial Statements*

We have audited the accompanying statements of assets and liabilities of the subaccounts listed in the Appendix that comprise Variable Annuity-2 Series Account (the Separate Account), as of December 31, 2025, the related statements of operations for the year or period listed in the Appendix, the statements of changes in net assets for each of the years or periods listed in the Appendix, and the related notes (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Separate Account as of December 31, 2025, the results of its operations for the year or period listed in the Appendix, and the changes in its net assets for each of the years or periods listed in the Appendix, in conformity with U.S. generally accepted accounting principles.

*Basis for Opinion*

These financial statements are the responsibility of the Separate Account's management. Our responsibility is to express an opinion on these financial statements based on our audits. We 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 the Separate Account 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 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. 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. Such procedures also included confirmation of securities owned as of December 31, 2025, by correspondence with the underlying mutual funds or their transfer agents; when replies were not received, we performed other appropriate auditing procedures. 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. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP<br>

We have served as the auditor of one or more Empower Annuity Insurance Company of America Separate Accounts since 2021.

Birmingham, Alabama<br> April 16, 2026

**Appendix**

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and statements of changes in net assets for each of the years in the two-year period then ended.

Alger Capital Appreciation Portfolio, Class I-2

Alger Large Cap Growth Portfolio, Class I-2

Alger Mid Cap Growth Portfolio, Class I-2

Alger Small Cap Growth Portfolio, Class I-2

ALPS Alerian Energy Infrastructure Portfolio, Class III

ALPS Global Opportunity Portfolio, Class III

American Funds IS Capital World Growth and Income Fund, Class 4

American Funds IS Growth Fund, Class 4

American Funds IS Growth-Income Fund, Class 4

American Funds IS International Fund, Class 4

American Funds IS New World Fund, Class 4

American Funds IS Washington Mutual Investors Fund, Class 4

BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III

BlackRock Global Allocation V.I. Fund, Class III

BlackRock High Yield V.I. Fund, Class III

BNY Mellon IP Technology Growth Portfolio, Service Shares

BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares

BNY Mellon VIF Appreciation Portfolio, Initial Shares

BNY Mellon VIF Appreciation Portfolio, Service Shares

BNY Mellon VIF Growth and Income Portfolio, Initial Shares

ClearBridge Variable Large Cap Growth Portfolio, Class II

ClearBridge Variable Mid Cap Portfolio, Class II

ClearBridge Variable Small Cap Growth Portfolio, Class II

Columbia VP Select Small Cap Value Fund, Class 2

Columbia VP Seligman Global Technology Fund, Class 1

Columbia VP Seligman Global Technology Fund, Class 2

Columbia VP Small Cap Value Fund, Class 2

Columbia VP Strategic Income Fund, Class 2

Dimensional VA Equity Allocation Portfolio, Institutional

Dimensional VA Global Bond Portfolio, Institutional

Dimensional VA Global Moderate Allocation Portfolio, Institutional

Dimensional VA International Small Portfolio, Institutional

Dimensional VA International Value Portfolio, Institutional

Dimensional VA Short-Term Fixed Portfolio, Institutional

Dimensional VA US Large Value Portfolio, Institutional

Dimensional VA US Targeted Value Portfolio, Institutional

DWS Small Mid Cap Value VIP, Class B

Eaton Vance VT Floating-Rate Income Fund, Initial Class

Empower Aggressive Profile Fund, Investor Class

Empower Bond Index Fund, Investor Class

Empower Conservative Profile Fund, Class L

Empower Conservative Profile Fund, Investor Class

Empower Core Bond Fund, Investor Class

Empower Emerging Markets Equity Fund, Investor Class

Empower Global Bond Fund, Investor Class

Empower High Yield Bond Fund, Investor Class

Empower Inflation-Protected Securities Fund, Investor Class

Empower International Growth Fund, Investor Class

Empower International Index Fund, Investor Class

Empower International Value Fund, Investor Class

Empower Large Cap Growth Fund, Investor Class

Empower Large Cap Value Fund, Investor Class

Empower Lifetime 2015 Fund, Investor Class

Empower Lifetime 2020 Fund, Investor Class

Empower Lifetime 2025 Fund, Investor Class

Empower Lifetime 2030 Fund, Investor Class

Empower Lifetime 2035 Fund, Investor Class

Empower Lifetime 2040 Fund, Investor Class

Empower Lifetime 2045 Fund, Investor Class

Empower Lifetime 2050 Fund, Investor Class

Empower Lifetime 2055 Fund, Investor Class

Empower Mid Cap Value Fund, Investor Class

Empower Moderate Profile Fund, Class L

Empower Moderate Profile Fund, Investor Class

Empower Moderately Aggressive Profile Fund, Investor Class

Empower Moderately Conservative Profile Fund, Class L

Empower Moderately Conservative Profile Fund, Investor Class

Empower Multi-Sector Bond Fund, Investor Class

Empower Real Estate Index Fund, Investor Class

Empower S&P 500 Index Fund, Investor Class

Empower S&P Mid Cap 400 Index Fund, Investor Class

Empower S&P Small Cap 600 Index Fund, Investor Class

Empower SecureFoundation Balanced Fund, Class L

Empower Short Duration Bond Fund, Investor Class

Empower Small Cap Growth Fund, Investor Class

Empower Small Cap Value Fund, Investor Class

Empower T. Rowe Price Mid Cap Growth Fund, Investor Class

Empower U.S. Government Securities Fund, Investor Class

Federated Hermes High Income Bond Fund II, Service Shares

Fidelity VIP Asset Manager 50% Portfolio, Initial Class

Fidelity VIP Balanced Portfolio, Service Class 2

Fidelity VIP Contrafund Portfolio, Initial Class

Fidelity VIP Government Money Market Portfolio, Initial Class

Fidelity VIP Growth Opportunities Portfolio, Initial Class

Fidelity VIP Growth Portfolio, Initial Class

Fidelity VIP High Income Portfolio, Initial Class

Fidelity VIP Index 500 Portfolio, Initial Class

Fidelity VIP International Capital Appreciation Portfolio, Service Class 2

Fidelity VIP Investment Grade Bond Portfolio, Initial Class

Fidelity VIP Overseas Portfolio, Initial Class

First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I

Franklin Income VIP Fund, Class 4

Goldman Sachs VIT Large Cap Value Fund, Institutional Class

Goldman Sachs VIT Strategic Growth Fund, Institutional Class

Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class

Goldman Sachs VIT U.S. Equity Insights Fund, Service Class

Invesco V.I. Core Equity Fund, Series II

Invesco V.I. Core Plus Bond Fund, Series II

Invesco V.I. EQV International Equity Fund, Series II

Invesco V.I. Global Real Estate Fund, Series II

Invesco V.I. Growth and Income Fund, Series II

Invesco V.I. International Growth Fund, Series II

Invesco V.I. Main Street Small Cap Fund, Series II

Invesco V.I. Small Cap Equity Fund, Series II

Janus Henderson VIT Balanced Portfolio, Service Shares

Janus Henderson VIT Enterprise Portfolio, Service Shares

Janus Henderson VIT Flexible Bond Portfolio, Service Shares

Janus Henderson VIT Mid Cap Value Portfolio, Service Shares

Janus Henderson VIT Overseas Portfolio, Institutional Shares

Janus Henderson VIT Overseas Portfolio, Service Shares

Lord Abbett Series Fund Developing Growth Portfolio, Class VC

LVIP American Century Inflation Protection Fund, Service Class

LVIP American Century Mid Cap Value Fund, Service Class

LVIP American Century Value Fund, Service Class

LVIP JPMorgan Small Cap Core Fund, Service Class

LVIP Nomura U.S. REIT Fund, Service Class

MFS VIT II Blended Research Core Equity Portfolio, Service Class

MFS VIT II International Growth Portfolio, Service Class

MFS VIT II Technology Portfolio, Service Class

MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class

Neuberger Berman AMT Quality Equity Portfolio, Class S

Nomura VIP Emerging Markets Series, Service Class

Nomura VIP Energy Series, Service Class

Nomura VIP Small Cap Value Series, Service Class

NVIT Fidelity Institutional AM Emerging Markets Fund, Class D

PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class

PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class

PIMCO VIT Low Duration Portfolio, Advisor Class

PIMCO VIT Real Return Portfolio, Advisor Class

PIMCO VIT Short-Term Portfolio, Advisor Class

PIMCO VIT Total Return Portfolio, Advisor Class

Putnam VT Core Equity Fund, Class IB

Putnam VT Emerging Markets Equity Fund, Class IB

Putnam VT Focused International Equity Fund, Class IB

Putnam VT Global Asset Allocation Fund, Class IB

Putnam VT Income Fund, Class IB

Putnam VT International Equity Fund, Class IB

Putnam VT International Value Fund, Class IB

Putnam VT Large Cap Growth Fund, Class IB

Putnam VT Large Cap Value Fund, Class IB

Putnam VT Mortgage Securities Fund, Class IB

Putnam VT Research Fund, Class IB

Putnam VT Small Cap Growth Fund, Class IB

Putnam VT Small Cap Value Fund, Class IB

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Blue Chip Growth Portfolio, Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Health Sciences Portfolio, Class II

VanEck VIP Emerging Markets Fund, Initial Class

VanEck VIP Global Resources Fund, Class S

VanEck VIP Global Resources Fund, Initial Class

The statement of changes in net assets for the period from January 1, 2024 to June 14, 2024 (date of liquidation).

Empower Government Money Market Fund, Investor Class

The statement of changes in net assets for the period from January 1, 2024 to June 17, 2024 (date of liquidation).

DWS Capital Growth VIP, Class B

DWS CROCI U.S. VIP, Class B

DWS Global Small Cap VIP, Class B

Statement of operations for the period from January 1, 2025 to April 11, 2025 (date of liquidation) and the statements of changes in net assets for the period from January 1, 2025 to April 11, 2025 (date of liquidation) and the year ended December 31, 2024.

Goldman Sachs VIT Multi-Strategy Alternatives Portfolio

The statement of changes in net assets for the period from January 1, 2024 to April 26, 2024 (date of merger).

Delaware VIP International Series, Service Class

The statement of changes in net assets for the period from January 1, 2024 to October 25, 2024 (date of merger).

Empower Ariel Mid Cap Value Fund, Investor Class

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from April 26, 2024 (date trading commenced) to December 31, 2024.

Nomura VIP International Core Equity Series, Service Class

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Alger Capital Appreciation Portfolio, <br> Class I-2 | Alger Large Cap Growth Portfolio, <br> Class I-2 | Alger Mid Cap Growth Portfolio, <br> Class I-2 | Alger Small Cap Growth Portfolio, <br> Class I-2 | ALPS Alerian Energy Infrastructure Portfolio, <br> Class III | ALPS Global Opportunity Portfolio, <br> Class III | American Funds IS Capital World Growth and Income Fund, <br> Class 4 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $2366300 | $1662973 | $1728107 | $293713 | $614936 | $650384 | $4091091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 91 | 64 | 66 | 10 | 16 | 14 | 91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | 4 | 28 | 7 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 2366391 | 1663037 | 1728177 | 293751 | 614959 | 650398 | 4091182 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 91 | 64 | 66 | 10 | 16 | 14 | 91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 16 | 15 | - | - | - | 226 | 2756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 107 | 79 | 66 | 10 | 16 | 240 | 2847 |
| NET ASSETS | $2366284 | $1662958 | $1728111 | $293741 | $614943 | $650158 | $4088335 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $2366284 | $1662958 | $1728111 | $293741 | $614943 | $647613 | $4021751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | 2545 | 66584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $2366284 | $1662958 | $1728111 | $293741 | $614943 | $650158 | $4088335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $128.85 | $103.17 | $23.82 | $18.64 | $12.57 | $12.38 | $17.85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 18365 | 16119 | 72549 | 15757 | 48921 | 52535 | 229193 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $1609489 | $1206714 | $1535196 | $307956 | $582472 | $599139 | $3058248 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Growth Fund, <br> Class 4 | American Funds IS Growth-Income Fund, <br> Class 4 | American Funds IS International Fund, <br> Class 4 | American Funds IS New World Fund, <br> Class 4 | American Funds IS Washington Mutual Investors Fund, <br> Class 4 | BlackRock 60/40 Target Allocation ETF V.I. Fund, <br> Class III | BlackRock Global Allocation V.I. Fund, <br> Class III |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $12472925 | $4155637 | $2921490 | $3076978 | $4036123 | $71468 | $3181658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 171 | 82 | 69 | 55 | 82 |  | 83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | 13 | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 12473096 | 4155732 | 2921559 | 3077033 | 4036205 | 71468 | 3181741 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 171 | 82 | 69 | 55 | 82 |  | 83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 21 | - | 2771 | 2752 | 1 | - | 809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 192 | 82 | 2840 | 2807 | 83 | - | 892 |
| NET ASSETS | $12472904 | $4155650 | $2918719 | $3074226 | $4036122 | $71468 | $3180849 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $12472904 | $4155650 | $2851301 | $3007613 | $4036122 | $71468 | $3165307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | 67418 | 66613 | - | - | 15542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $12472904 | $4155650 | $2918719 | $3074226 | $4036122 | $71468 | $3180849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $134.39 | $64.77 | $21.83 | $31.71 | $17.55 | $14.71 | $13.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 92811 | 64160 | 133829 | 97035 | 229979 | 4858 | 238505 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $10590454 | $3712388 | $2567734 | $2534082 | $3160161 | $66236 | $3272430 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | BlackRock High Yield V.I. Fund, <br> Class III | BNY Mellon IP Technology Growth Portfolio, Service <br> Shares | BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial <br> Shares | BNY Mellon VIF Appreciation Portfolio, Initial <br> Shares | BNY Mellon VIF Appreciation Portfolio, Service <br> Shares | BNY Mellon VIF Growth and Income Portfolio, Initial<br> Shares | ClearBridge Variable Large Cap Growth Portfolio, <br> Class II |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $4887446 | $487279 | $576177 | $196001 | $588034 | $448526 | $3561200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 67 | 4 | 22 | 8 | 14 | 17 | 85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends | 26046 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | 1 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 4913559 | 487283 | 576199 | 196010 | 588048 | 448543 | 3561285 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 67 | 4 | 22 | 8 | 14 | 17 | 85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 448 | - | 20 | - | 2 | 3 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 515 | 4 | 42 | 8 | 16 | 20 | 91 |
| NET ASSETS | $4913044 | $487279 | $576157 | $196002 | $588032 | $448523 | $3561194 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $4907550 | $487279 | $576157 | $196002 | $588032 | $448523 | $3561194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 5494 | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $4913044 | $487279 | $576157 | $196002 | $588032 | $448523 | $3561194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $7.04 | $17.49 | $58.50 | $33.67 | $32.72 | $39.78 | $47.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 694239 | 27860 | 9849 | 5821 | 17972 | 11275 | 75754 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $4772931 | $469275 | $359591 | $205186 | $660876 | $345614 | $2792830 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | ClearBridge Variable Mid Cap Portfolio, <br> Class II | ClearBridge Variable Small Cap Growth Portfolio, <br> Class II | Columbia VP Select Small Cap Value Fund, <br> Class 2 | Columbia VP Seligman Global Technology Fund, <br> Class 1 | Columbia VP Seligman Global Technology Fund, <br> Class 2 | Columbia VP Small Cap Value Fund, <br> Class 2 | Columbia VP Strategic Income Fund, <br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $638321 | $2235560 | $286217 | $10283419 | $398485 | $32764 | $2028279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 10 | 52 | 11 | 395 | 15 |  | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | 1 | 46 | 6 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 638331 | 2235612 | 286229 | 10283860 | 398506 | 32764 | 2028305 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 10 | 52 | 11 | 395 | 15 |  | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 2 | 2 | - | - | - | - | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 12 | 54 | 11 | 395 | 15 | - | 28 |
| NET ASSETS | $638319 | $2235558 | $286218 | $10283465 | $398491 | $32764 | $2028277 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $638319 | $2235558 | $286218 | $10283465 | $398491 | $32764 | $2028277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $638319 | $2235558 | $286218 | $10283465 | $398491 | $32764 | $2028277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $23.51 | $25.71 | $40.33 | $41.85 | $33.97 | $12.44 | $3.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 27151 | 86953 | 7097 | 245721 | 11731 | 2634 | 542321 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $585491 | $2565048 | $217209 | $6221550 | $277934 | $37989 | $2049694 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Dimensional VA Equity Allocation Portfolio,<br> Institutional | Dimensional VA Global Bond Portfolio, <br> Institutional | Dimensional VA Global Moderate Allocation Portfolio, <br> Institutional | Dimensional VA International Small Portfolio, <br> Institutional | Dimensional VA International Value Portfolio, <br> Institutional | Dimensional VA Short-Term Fixed Portfolio, <br> Institutional | Dimensional VA US Large Value Portfolio, <br> Institutional |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $1066886 | $31837 | $1178842 | $352982 | $879913 | $659175 | $2632423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 16 |  | 20 | 12 | 28 | 10 | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 1066902 | 31837 | 1178862 | 352994 | 879941 | 659185 | 2632493 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 16 |  | 20 | 12 | 28 | 10 | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 1 | - | 1 | 1 | 518 | - | 517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 17 | - | 21 | 13 | 546 | 10 | 587 |
| NET ASSETS | $1066885 | $31837 | $1178841 | $352981 | $879395 | $659175 | $2631906 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $1066885 | $31837 | $1178841 | $352981 | $868984 | $659175 | $2621506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | 10411 | - | 10400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $1066885 | $31837 | $1178841 | $352981 | $879395 | $659175 | $2631906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $18.44 | $9.75 | $18.12 | $14.78 | $18.53 | $10.07 | $34.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 57857 | 3265 | 65058 | 23882 | 47486 | 65459 | 75406 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $671059 | $33655 | $1009528 | $288923 | $627357 | $667054 | $2259987 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Dimensional VA US Targeted Value Portfolio,<br> Institutional | DWS Small Mid Cap Value VIP, <br> Class B | Eaton Vance VT Floating-Rate Income Fund, Initial <br> Class | Empower Aggressive Profile Fund, Investor <br> Class | Empower Bond Index Fund, Investor <br> Class | Empower Conservative Profile Fund, <br> Class L | Empower Conservative Profile Fund, Investor <br> Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $834565 | $355904 | $3220288 | $4450672 | $12002491 | $3795128 | $8182381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 30 | 2 | 50 | 85 | 129 | 13149 | 6879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | 174 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 834595 | 355906 | 3220338 | 4450757 | 12002620 | 3808451 | 8189260 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 30 | 2 | 50 | 85 | 129 | 13149 | 6879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 5 | 3 | 5397 | 4953 | 4667 | - | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 35 | 5 | 5447 | 5038 | 4796 | 13149 | 6896 |
| NET ASSETS | $834560 | $355901 | $3214891 | $4445719 | $11997824 | $3795302 | $8182364 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $834560 | $355901 | $3083459 | $4387537 | $11828402 | $3795302 | $8182364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | 131432 | 58182 | 169422 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $834560 | $355901 | $3214891 | $4445719 | $11997824 | $3795302 | $8182364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $22.28 | $14.12 | $8.37 | $6.04 | $13.02 | $9.66 | $7.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 37458 | 25206 | 384742 | 736866 | 921850 | 392870 | 1054431 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $813089 | $356498 | $3294958 | $4299273 | $12046593 | $3683608 | $8178778 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower Core Bond Fund, Investor <br> Class | Empower Emerging Markets Equity Fund, Investor<br> Class | Empower Global Bond Fund, Investor <br> Class | Empower High Yield Bond Fund, Investor <br> Class | Empower Inflation-Protected Securities Fund, Investor <br> Class | Empower International Growth Fund, Investor <br> Class | Empower International Index Fund, Investor <br> Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $9383266 | $366454 | $1412443 | $562102 | $255160 | $704643 | $9802707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 81 | 4 | 24 | 13 | 5 | 20 | 131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | 2 | - | 2220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 9383347 | 366458 | 1412467 | 562115 | 255167 | 704663 | 9805058 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 81 | 4 | 24 | 13 | 5 | 20 | 131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 20 | 6 | 176 | 316 | - | 5 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 101 | 10 | 200 | 329 | 5 | 25 | 131 |
| NET ASSETS | $9383246 | $366448 | $1412267 | $561786 | $255162 | $704638 | $9804927 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $9382808 | $366448 | $1408802 | $555404 | $255162 | $704638 | $9667243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 438 | - | 3465 | 6382 | - | - | 137684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $9383246 | $366448 | $1412267 | $561786 | $255162 | $704638 | $9804927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $9.90 | $11.91 | $6.97 | $8.10 | $9.18 | $13.70 | $15.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 947805 | 30769 | 202646 | 69395 | 27795 | 51434 | 621999 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $9798230 | $274405 | $1532564 | $538843 | $267514 | $716127 | $7710265 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower International Value Fund, Investor <br> Class | Empower Large Cap Growth Fund, Investor<br> Class | Empower Large Cap Value Fund, Investor <br> Class | Empower Lifetime 2015 Fund, Investor<br> Class | Empower Lifetime 2020 Fund, Investor <br> Class | Empower Lifetime 2025 Fund, Investor <br> Class | Empower Lifetime 2030 Fund, Investor<br> Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $4053880 | $6955186 | $3292861 | $917388 | $403458 | $1338727 | $1919181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 59 | 90 | 63 | 8 | 5 | 23 | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | 5 | - | - | - | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 4053939 | 6955276 | 3292929 | 917396 | 403463 | 1338750 | 1919230 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 59 | 90 | 63 | 8 | 5 | 23 | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 6 | 22 | - | 1 | 2 | 5 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 65 | 112 | 63 | 9 | 7 | 28 | 48 |
| NET ASSETS | $4053874 | $6955164 | $3292866 | $917387 | $403456 | $1338722 | $1919182 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $4053874 | $6955164 | $3292866 | $917387 | $403456 | $1338722 | $1919182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $4053874 | $6955164 | $3292866 | $917387 | $403456 | $1338722 | $1919182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $15.87 | $10.42 | $35.42 | $13.76 | $10.84 | $14.69 | $11.35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 255443 | 667484 | 92966 | 66671 | 37219 | 91132 | 169091 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $3171908 | $6514362 | $2627860 | $903084 | $392101 | $1323389 | $1889389 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower Lifetime 2035 Fund, Investor <br> Class | Empower Lifetime 2040 Fund, Investor <br> Class | Empower Lifetime 2045 Fund, Investor <br> Class | Empower Lifetime 2050 Fund, Investor <br> Class | Empower Lifetime 2055 Fund, Investor <br> Class | Empower Mid Cap Value Fund, Investor <br> Class | Empower Moderate Profile Fund, <br> Class L |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $574035 | $447839 | $139229 | $663487 | $228910 | $2188862 | $72870535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 10 | 12 | 2 | 11 | 6 | 49 | 238036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 574045 | 447851 | 139231 | 663498 | 228916 | 2188911 | 73108571 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 10 | 12 | 2 | 11 | 6 | 49 | 238036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 4 | 2 | - | 1 | 1 | 1 | 3813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 14 | 14 | 2 | 12 | 7 | 50 | 241849 |
| NET ASSETS | $574031 | $447837 | $139229 | $663486 | $228909 | $2188861 | $72866722 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $574031 | $447837 | $139229 | $663486 | $228909 | $2188861 | $72774086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | 92636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $574031 | $447837 | $139229 | $663486 | $228909 | $2188861 | $72866722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $15.11 | $11.71 | $15.76 | $12.52 | $20.88 | $14.07 | $12.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 37990 | 38244 | 8834 | 52994 | 10963 | 155569 | 6022358 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $524829 | $406790 | $121417 | $623768 | $180712 | $2149882 | $64974266 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower Moderate Profile Fund, Investor <br> Class | Empower Moderately Aggressive Profile Fund, Investor <br> Class | Empower Moderately Conservative Profile Fund, <br> Class L | Empower Moderately Conservative Profile Fund, Investor <br> Class | Empower Multi-Sector Bond Fund, Investor <br> Class | Empower Real Estate Index Fund, Investor <br> Class | Empower S&P 500 Index Fund, Investor <br> Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $41498076 | $10598192 | $10283320 | $14192710 | $4364490 | $2535142 | $89186758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 67086 | 175 | 32502 | 24632 | 74 | 243 | 1684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | 10470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 41565162 | 10598367 | 10315822 | 14217342 | 4364564 | 2535385 | 89198912 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 67086 | 175 | 32502 | 24632 | 74 | 243 | 1684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 3624 | 942 | 1676 | 23 | 7 | 11 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 70710 | 1117 | 34178 | 24655 | 81 | 254 | 1684 |
| NET ASSETS | $41494452 | $10597250 | $10281644 | $14192687 | $4364483 | $2535131 | $89197228 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $41382090 | $10454039 | $10267073 | $14192687 | $4364483 | $2535131 | $88002051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 112362 | 143211 | 14571 | - | - | - | 1195177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $41494452 | $10597250 | $10281644 | $14192687 | $4364483 | $2535131 | $89197228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $6.56 | $7.46 | $9.91 | $8.38 | $13.54 | $12.22 | $43.96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 6325926 | 1420669 | 1037671 | 1693641 | 322340 | 207458 | 2028816 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $43052846 | $10583864 | $9953018 | $14181370 | $4357474 | $2663671 | $58666631 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower S&P Mid Cap 400 Index Fund, Investor <br> Class | Empower S&P Small Cap 600 Index Fund, Investor <br> Class | Empower SecureFoundation Balanced Fund, <br> Class L | Empower Short Duration Bond Fund, Investor <br> Class | Empower Small Cap Growth Fund, Investor <br> Class | Empower Small Cap Value Fund, Investor <br> Class | Empower T. Rowe Price Mid Cap Growth Fund, Investor <br> Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $12473892 | $12125929 | $160537645 | $3868549 | $610003 | $2704053 | $6685117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 213 | 197 | 505591 | 48 | 16 | 52 | 143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | 932 | - | - | - | 15 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 12474105 | 12127058 | 161043236 | 3868597 | 610019 | 2704120 | 6685260 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 213 | 197 | 505591 | 48 | 16 | 52 | 143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 484 | - | 1230 | 6813 | 6 | - | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 697 | 197 | 506821 | 6861 | 22 | 52 | 149 |
| NET ASSETS | $12473408 | $12126861 | $160536415 | $3861736 | $609997 | $2704068 | $6685111 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $12303863 | $12023665 | $160484330 | $3701440 | $609997 | $2704068 | $6685111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 169545 | 103196 | 52085 | 160296 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $12473408 | $12126861 | $160536415 | $3861736 | $609997 | $2704068 | $6685111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $21.07 | $12.91 | $11.31 | $10.49 | $10.91 | $39.82 | $38.14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 592021 | 939266 | 14194310 | 368785 | 55912 | 67907 | 175278 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $11152622 | $12294221 | $163072233 | $3790096 | $654050 | $2145412 | $5896332 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower U.S. Government Securities Fund, Investor <br> Class | Federated Hermes High Income Bond Fund II, Service <br> Shares | Fidelity VIP Asset Manager 50% Portfolio, Initial <br> Class | Fidelity VIP Balanced Portfolio, Service <br> Class 2 | Fidelity VIP Contrafund Portfolio, Initial <br> Class | Fidelity VIP Government Money Market Portfolio, Initial <br> Class | Fidelity VIP Growth Opportunities Portfolio, Initial <br> Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $1476493 | $245939 | $1030180 | $19949064 | $1420107 | $22840668 | $386004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 18 | 4 | 39 | 327 | 52 | 2092 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | 6804 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 1476511 | 245943 | 1030219 | 19956195 | 1420159 | 22842760 | 386018 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 17 | 4 | 39 | 327 | 52 | 2092 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 5415 | 1 | 1 | - | 12 | 55583 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 5432 | 5 | 40 | 327 | 64 | 57675 | 29 |
| NET ASSETS | $1471079 | $245938 | $1030179 | $19955868 | $1420095 | $22785085 | $385989 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $1339205 | $245938 | $1030179 | $19830055 | $1420095 | $22587631 | $385989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 131874 | - | - | 125813 | - | 197454 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $1471079 | $245938 | $1030179 | $19955868 | $1420095 | $22785085 | $385989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $11.12 | $5.75 | $17.62 | $25.45 | $59.89 | $1.00 | $99.69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 132778 | 42772 | 58467 | 783853 | 23712 | 22840668 | 3872 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $1510208 | $235539 | $888342 | $17014434 | $1067750 | $22840666 | $228674 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Growth Portfolio, Initial <br> Class | Fidelity VIP High Income Portfolio, Initial <br> Class | Fidelity VIP Index 500 Portfolio, Initial <br> Class | Fidelity VIP International Capital Appreciation Portfolio, Service <br> Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Initial <br> Class | Fidelity VIP Overseas Portfolio, Initial <br> Class | First Trust/Dow Jones Dividend & Income Allocation Portfolio, <br> Class I |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $4588867 | $124540 | $1572228 | $4817581 | $132646 | $135112 | $489895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 175 | 5 | 60 | 50 | 5 | 5 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | 184 | 2 | - | 3 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 4589042 | 124545 | 1572472 | 4817633 | 132651 | 135120 | 489909 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 175 | 5 | 60 | 50 | 5 | 5 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 24 | - | - | - | - | - | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 199 | 5 | 60 | 50 | 5 | 5 | 19 |
| NET ASSETS | $4588843 | $124540 | $1572412 | $4817583 | $132646 | $135115 | $489890 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $4588843 | $124540 | $1572412 | $4817583 | $132646 | $135115 | $489890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $4588843 | $124540 | $1572412 | $4817583 | $132646 | $135115 | $489890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $97.72 | $4.88 | $660.13 | $26.25 | $11.36 | $27.52 | $13.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 46959 | 25520 | 2382 | 183527 | 11677 | 4910 | 37198 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $3714589 | $133896 | $579547 | $4145366 | $146283 | $119866 | $475003 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Franklin Income VIP Fund, <br> Class 4 | Goldman Sachs VIT Large Cap Value Fund, Institutional <br> Class | Goldman Sachs VIT Strategic Growth Fund, Institutional <br> Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional <br> Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service <br> Class | Invesco V.I. Core Equity Fund, <br> Series II | Invesco V.I. Core Plus Bond Fund, <br> Series II |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $4055180 | $313779 | $- | $75911 | $1309036 | $122452 | $212499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 886 | 12 |  | 3 | 27 | 3 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | 7 | - | - | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 4056066 | 313791 | - | 75921 | 1309063 | 122455 | 212545 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 886 | 12 |  | 3 | 27 | 3 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 4 | - | - | - | 14 | 5 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 890 | 12 | - | 3 | 41 | 8 | 6 |
| NET ASSETS | $4055176 | $313779 | $- | $75918 | $1309022 | $122447 | $212539 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $4055176 | $313779 | $- | $75918 | $1309022 | $122447 | $212539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $4055176 | $313779 | $- | $75918 | $1309022 | $122447 | $212539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $15.72 | $8.18 | $15.49 | $21.79 | $22.04 | $35.76 | $5.77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 257963 | 38359 |  | 3484 | 59394 | 3424 | 36828 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $3901458 | $357766 | $- | $66074 | $1227170 | $100269 | $209092 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. EQV International Equity Fund, <br> Series II | Invesco V.I. Global Real Estate Fund, <br> Series II | Invesco V.I. Growth and Income Fund, <br> Series II | Invesco V.I. International Growth Fund, <br> Series II | Invesco V.I. Main Street Small Cap Fund, <br> Series II | Invesco V.I. Small Cap Equity Fund, <br> Series II | Janus Henderson VIT Balanced Portfolio, Service <br> Shares |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $416935 | $366485 | $2897083 | $374551 | $1640825 | $108275 | $14821431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 8 | 6 | 61 | 12 | 37 | 1 | 256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | 4 | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 416943 | 366491 | 2897148 | 374563 | 1640862 | 108276 | 14821687 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 8 | 6 | 61 | 12 | 37 | 1 | 256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 1 | 378 | - | 5 | 6 | 2 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 9 | 384 | 61 | 17 | 43 | 3 | 259 |
| NET ASSETS | $416934 | $366107 | $2897087 | $374546 | $1640819 | $108273 | $14821428 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $416934 | $361652 | $2897087 | $374546 | $1640819 | $108273 | $14821428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | 4455 | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $416934 | $366107 | $2897087 | $374546 | $1640819 | $108273 | $14821428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $35.39 | $13.80 | $21.34 | $2.07 | $27.71 | $17.83 | $59.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 11781 | 26557 | 135758 | 180943 | 59214 | 6073 | 249183 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $363304 | $380278 | $2627848 | $316543 | $1523423 | $99641 | $11181506 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Janus Henderson VIT Enterprise Portfolio, Service <br> Shares | Janus Henderson VIT Flexible Bond Portfolio, Service <br> Shares | Janus Henderson VIT Mid Cap Value Portfolio, Service <br> Shares | Janus Henderson VIT Overseas Portfolio, Institutional <br> Shares | Janus Henderson VIT Overseas Portfolio, Service <br> Shares | Lord Abbett Series Fund Developing Growth Portfolio, <br> Class VC | LVIP American Century Inflation Protection Fund, Service <br> Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $3669837 | $1362022 | $156876 | $97182 | $39490 | $258310 | $317272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 67 | 24 | 1 | 4 |  | 7 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | 829 | - | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 3669904 | 1362046 | 156877 | 97186 | 40319 | 258317 | 317276 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 67 | 24 | 1 | 4 |  | 7 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 6 | 1 | - | 1 | - | 1 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 73 | 25 | 1 | 5 | - | 8 | 3 |
| NET ASSETS | $3669831 | $1362021 | $156876 | $97181 | $40319 | $258309 | $317273 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $3669831 | $1362021 | $156876 | $97181 | $25021 | $258309 | $317273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | 15298 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $3669831 | $1362021 | $156876 | $97181 | $40319 | $258309 | $317273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $73.35 | $11.14 | $16.78 | $55.82 | $53.02 | $33.43 | $9.04 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 50032 | 122264 | 9349 | 1741 | 745 | 7727 | 35112 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $3301419 | $1471110 | $153695 | $71736 | $26351 | $263310 | $348928 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | LVIP American Century Mid Cap Value Fund, Service <br> Class | LVIP American Century Value Fund, Service <br> Class | LVIP JPMorgan Small Cap Core Fund, Service<br> Class | LVIP Nomura U.S. REIT Fund, Service <br> Class | MFS VIT II Blended Research Core Equity Portfolio, Service <br> Class | MFS VIT II International Growth Portfolio, Service <br> Class | MFS VIT II Technology Portfolio, Service <br> Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $3151820 | $4701293 | $306762 | $221440 | $3194650 | $258866 | $11922574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 63 | 118 | 4 | 6 | 47 | 2 | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | 1 | - | - | - | - | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 3151883 | 4701412 | 306766 | 221446 | 3194697 | 258868 | 11922778 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 62 | 118 | 4 | 6 | 47 | 2 | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 2 | - | 2 | 4 | 10 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 64 | 118 | 6 | 10 | 57 | 2 | 200 |
| NET ASSETS | $3151819 | $4701294 | $306760 | $221436 | $3194640 | $258866 | $11922578 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $3151819 | $4701294 | $306760 | $221436 | $3194640 | $258866 | $11922578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $3151819 | $4701294 | $306760 | $221436 | $3194640 | $258866 | $11922578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $19.40 | $12.94 | $21.61 | $13.51 | $59.70 | $17.60 | $37.96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 162507 | 363399 | 14195 | 16391 | 53512 | 14708 | 314083 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $3214419 | $4350100 | $306572 | $213433 | $3069297 | $216252 | $9731766 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT III Blended Research Small Cap Equity Portfolio, Service <br> Class | Neuberger Berman AMT Quality Equity Portfolio, <br> Class S | Nomura VIP Emerging Markets Series, Service <br> Class | Nomura VIP Energy Series, Service<br> Class | Nomura VIP International Core Equity Series, Service <br> Class | Nomura VIP Small Cap Value Series, Service <br> Class | NVIT Fidelity Institutional AM Emerging Markets Fund,<br> Class D |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $975770 | $997792 | $1713296 | $1179009 | $83247 | $1217130 | $56452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 13 | 27 | 35 | 16 | 3 | 27 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 975783 | 997819 | 1713331 | 1179025 | 83250 | 1217157 | 56454 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 13 | 27 | 35 | 16 | 3 | 27 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 3 | - | 14 | 243 | - | 6 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 16 | 27 | 49 | 259 | 3 | 33 | 2 |
| NET ASSETS | $975767 | $997792 | $1713282 | $1178766 | $83247 | $1217124 | $56452 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $975767 | $997792 | $1713282 | $1175908 | $83247 | $1217124 | $56452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | 2858 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $975767 | $997792 | $1713282 | $1178766 | $83247 | $1217124 | $56452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $9.19 | $42.82 | $40.01 | $5.18 | $19.44 | $39.87 | $14.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 106177 | 23302 | 42822 | 227608 | 4282 | 30527 | 3861 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $964674 | $733760 | $1075324 | $1201063 | $71954 | $1152025 | $40716 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | PIMCO VIT<br> CommodityRealReturn<br> Strategy<br> Portfolio, Advisor <br> Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor <br> Class | PIMCO VIT Low Duration Portfolio, Advisor <br> Class | PIMCO VIT Real Return Portfolio, Advisor <br> Class | PIMCO VIT Short-Term Portfolio, Advisor <br> Class | PIMCO VIT Total Return Portfolio, Advisor <br> Class | Putnam VT Core Equity Fund,<br> Class IB |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $1239078 | $507316 | $2932868 | $1361033 | $2329663 | $11504749 | $1708538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 13 | 10 | 54 | 16 | 39 | 117 | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | 6 | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 1239091 | 507332 | 2932922 | 1361049 | 2329702 | 11504866 | 1708561 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 13 | 10 | 54 | 16 | 39 | 117 | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 158 | - | 5410 | 5627 | 592 | 6134 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 171 | 10 | 5464 | 5643 | 631 | 6251 | 23 |
| NET ASSETS | $1238920 | $507322 | $2927458 | $1355406 | $2329071 | $11498615 | $1708538 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $1237030 | $507322 | $2795578 | $1219305 | $2321972 | $11358428 | $1708538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 1890 | - | 131880 | 136101 | 7099 | 140187 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $1238920 | $507322 | $2927458 | $1355406 | $2329071 | $11498615 | $1708538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $6.42 | $7.48 | $9.78 | $12.01 | $10.33 | $9.45 | $23.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 193003 | 67823 | 299884 | 113325 | 225524 | 1217434 | 72396 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $1171680 | $554142 | $2930144 | $1364579 | $2319156 | $11602906 | $1458659 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Putnam VT Emerging Markets Equity Fund, <br> Class IB | Putnam VT Focused International Equity Fund, <br> Class IB | Putnam VT Global Asset Allocation Fund, <br> Class IB | Putnam VT Income Fund, <br> Class IB | Putnam VT International Equity Fund, <br> Class IB | Putnam VT International Value Fund, <br> Class IB | Putnam VT Large Cap Growth Fund, <br> Class IB |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $53103 | $502229 | $1172428 | $1452005 | $508977 | $325643 | $7918124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 2 | 17 | 37 | 14 | 10 | 6 | 143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | 1 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 53105 | 502246 | 1172465 | 1452020 | 508987 | 325649 | 7918267 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 2 | 17 | 37 | 14 | 10 | 6 | 143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 1 | 4 | 5 | - | 2 | 1 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 3 | 21 | 42 | 14 | 12 | 7 | 160 |
| NET ASSETS | $53102 | $502225 | $1172423 | $1452006 | $508975 | $325642 | $7918107 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $53102 | $502225 | $1172423 | $1452006 | $508975 | $325642 | $7918107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $53102 | $502225 | $1172423 | $1452006 | $508975 | $325642 | $7918107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $25.60 | $19.08 | $19.88 | $8.19 | $19.81 | $15.86 | $17.58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 2074 | 26322 | 58975 | 177290 | 25693 | 20532 | 450405 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $38291 | $372496 | $1060356 | $1589085 | $437203 | $279005 | $5790331 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Putnam VT Large Cap Value Fund, <br> Class IB | Putnam VT Mortgage Securities Fund, <br> Class IB | Putnam VT Research Fund, <br> Class IB | Putnam VT Small Cap Growth Fund, <br> Class IB | Putnam VT Small Cap Value Fund, <br> Class IB | T. Rowe Price Blue Chip Growth Portfolio, <br> Class II | T. Rowe Price Health Sciences Portfolio, <br> Class II |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $1092726 | $138377 | $189658 | $169724 | $401381 | $29790477 | $4901304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 31 | 1 | 6 | 5 | 7 | 583 | 106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | 1615 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 1092757 | 138378 | 189664 | 169729 | 401388 | 29792675 | 4901410 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 31 | 1 | 6 | 5 | 7 | 583 | 106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 7 | - | 3 | 6 | 2 | - | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 38 | 1 | 9 | 11 | 9 | 583 | 114 |
| NET ASSETS | $1092719 | $138377 | $189655 | $169718 | $401379 | $29792092 | $4901296 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $1092719 | $138377 | $189655 | $169718 | $401379 | $29761604 | $4901296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | 30488 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $1092719 | $138377 | $189655 | $169718 | $401379 | $29792092 | $4901296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $35.69 | $6.20 | $47.36 | $21.55 | $10.81 | $60.72 | $54.03 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 30617 | 22319 | 4005 | 7876 | 37131 | 490620 | 90714 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $772585 | $163978 | $140856 | $131190 | $381059 | $22571157 | $4880027 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | |
|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | VanEck VIP Emerging Markets Fund, Initial <br> Class | VanEck VIP Global Resources Fund, <br> Class S | VanEck VIP Global Resources Fund, Initial <br> Class |
| ASSETS: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $85710 | $361796 | $91175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 3 | 8 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 85713 | 361804 | 91179 |
| LIABILITIES: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 3 | 8 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | 3 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 3 | 11 | 6 |
| NET ASSETS | $85710 | $361793 | $91173 |
| ANALYSIS OF NET ASSETS |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $85710 | $361793 | $91173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $85710 | $361793 | $91173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $11.83 | $31.97 | $33.51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 7245 | 11317 | 2721 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $73516 | $306007 | $83362 |

---

Note: Totals and NAV may not appear to foot/crossfoot/calculate due to rounding.

(Concluded)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Alger Capital Appreciation Portfolio, <br> Class I-2 | Alger Large Cap Growth Portfolio,<br> Class I-2 | Alger Mid Cap Growth Portfolio,<br> Class I-2 | Alger Small Cap Growth Portfolio, Class I-2 | ALPS Alerian Energy Infrastructure Portfolio, <br> Class III | ALPS Global Opportunity Portfolio,<br> Class III | American Funds IS Capital World Growth and Income Fund,<br> Class 4 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $- | $- | $- | $- | $27599 | $41803 | $47564 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 29957 | 20620 | 23449 | 3220 | 7156 | 5626 | 33187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | - | - | - | - | 345 | 1700 | 661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 29957 | 20620 | 23449 | 3220 | 7501 | 7326 | 33848 |
| NET INVESTMENT INCOME (LOSS) | (29957) | (20620) | (23449) | (3220) | 20098 | 34477 | 13716 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 166492 | 68217 | 14293 | (25078) | 179776 | 35220 | 31347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 372552 | 178971 | - | 3414 | 70445 | 9916 | 147038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 539044 | 247188 | 14293 | (21664) | 250221 | 45136 | 178385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 90137 | 151557 | 236883 | 36907 | (236919) | (76483) | 620150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 629181 | 398745 | 251176 | 15243 | 13302 | (31347) | 798535 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $599224 | $378125 | $227727 | $12023 | $33400 | $3130 | $812251 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Growth Fund, <br> Class 4 | American Funds IS Growth-Income Fund, <br> Class 4 | American Funds IS International Fund,<br> Class 4 | American Funds IS New World Fund,<br> Class 4 | American Funds IS Washington Mutual Investors Fund, <br> Class 4 | BlackRock 60/40 Target Allocation ETF V.I. Fund,<br> Class III | BlackRock Global Allocation V.I. Fund,<br> Class III |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $13678 | $28559 | $31250 | $26020 | $48705 | $1510 | $125369 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 64724 | 29131 | 23452 | 19165 | 30140 | 162 | 31578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 13447 | 6526 | 1926 | 2383 | 4282 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 78171 | 35657 | 25378 | 21548 | 34422 | 162 | 31578 |
| NET INVESTMENT INCOME (LOSS) | (64493) | (7098) | 5872 | 4472 | 14283 | 1348 | 93791 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 1195102 | 160818 | (9643) | 98122 | 234548 | (324) | (167591) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 856100 | 657552 | - | 124382 | 276291 | 2640 | 307469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2051202 | 818370 | (9643) | 222504 | 510839 | 2316 | 139878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (301941) | (197636) | 649866 | 477477 | 65046 | 5700 | 306863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 1749261 | 620734 | 640223 | 699981 | 575885 | 8016 | 446741 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $1684768 | $613636 | $646095 | $704453 | $590168 | $9364 | $540532 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | BlackRock High Yield V.I. Fund,<br> Class III | BNY Mellon IP Technology Growth Portfolio,<br> Service Shares | BNY Mellon Sustainable U.S. Equity Portfolio, Inc., <br> Initial Shares | BNY Mellon VIF Appreciation Portfolio,<br> Initial Shares | BNY Mellon VIF Appreciation Portfolio, <br> Service Shares | BNY Mellon VIF Growth and Income Portfolio, <br> Initial Shares | ClearBridge Variable Large Cap Growth Portfolio,<br> Class II |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $321611 | $- | $1359 | $684 | $1254 | $1914 | $- |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 25574 | 1142 | 7550 | 2630 | 5426 | 5922 | 33628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 2409 | - | - | - | 758 | - | 3019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 27983 | 1142 | 7550 | 2630 | 6184 | 5922 | 36647 |
| NET INVESTMENT INCOME (LOSS) | 293628 | (1142) | (6191) | (1946) | (4930) | (4008) | (36647) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 22229 | 480 | 10959 | (1255) | (30338) | 9135 | 334701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 10561 | 205001 | 43435 | 27788 | 117147 | 33670 | 247819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 32790 | 205481 | 54394 | 26533 | 86809 | 42805 | 582520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 81342 | (98366) | 26036 | (9141) | (18617) | 20929 | (302544) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 114132 | 107115 | 80430 | 17392 | 68192 | 63734 | 279976 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $407760 | $105973 | $74239 | $15446 | $63262 | $59726 | $243329 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | ClearBridge Variable Mid Cap Portfolio, <br> Class II | ClearBridge Variable Small Cap Growth Portfolio,<br> Class II | Columbia VP Select Small Cap Value Fund, <br> Class 2 | Columbia VP Seligman Global Technology Fund,<br> Class 1 | Columbia VP Seligman Global Technology Fund,<br> Class 2 | Columbia VP Small Cap Value Fund,<br> Class 2 | Columbia VP Strategic Income Fund, <br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $66 | $- | $- | $- | $- | $286 | $85367 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 3740 | 20262 | 3767 | 129090 | 5251 | 81 | 9359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 1815 | 3654 | - | - | - | - | 6055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 5555 | 23916 | 3767 | 129090 | 5251 | 81 | 15414 |
| NET INVESTMENT INCOME (LOSS) | (5489) | (23916) | (3767) | (129090) | (5251) | 205 | 69953 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | (2621) | (98076) | 10779 | 713274 | 41478 | (38) | (54311) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 42868 | 172821 | - | 839615 | 41952 | 4926 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 40247 | 74745 | 10779 | 1552889 | 83430 | 4888 | (54311) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (14406) | 117859 | 6045 | 1396984 | 42990 | (983) | 105195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 25841 | 192604 | 16824 | 2949873 | 126420 | 3905 | 50884 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $20352 | $168688 | $13057 | $2820783 | $121169 | $4110 | $120837 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Dimensional VA Equity Allocation Portfolio,<br> Institutional | Dimensional VA Global Bond Portfolio,<br> Institutional | Dimensional VA Global Moderate Allocation Portfolio,<br> Institutional | Dimensional VA International Small Portfolio,<br> Institutional | Dimensional VA International Value Portfolio,<br> Institutional | Dimensional VA Short-Term Fixed Portfolio,<br> Institutional | Dimensional VA US Large Value Portfolio,<br> Institutional |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $20310 | $1291 | $28879 | $10811 | $33692 | $27328 | $48697 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 5292 | 169 | 11401 | 3952 | 8889 | 3441 | 26128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | - | - | 16343 | - | 162 | 366 | 3101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 5292 | 169 | 27744 | 3952 | 9051 | 3807 | 29229 |
| NET INVESTMENT INCOME (LOSS) | 15018 | 1122 | 1135 | 6859 | 24641 | 23521 | 19468 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 2183 | (16) | 113991 | (24818) | 67415 | 16 | 224187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 12349 | - | 10782 | 13080 | 24525 | - | 152102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 14532 | (16) | 124773 | (11738) | 91940 | 16 | 376289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 143009 | 30 | 88253 | 97793 | 169993 | (766) | (37332) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 157541 | 14 | 213026 | 86055 | 261933 | (750) | 338957 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $172559 | $1136 | $214161 | $92914 | $286574 | $22771 | $358425 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Dimensional VA US Targeted Value Portfolio,<br> Institutional | DWS Small Mid Cap Value VIP,<br> Class B | Eaton Vance VT Floating-Rate Income Fund,<br> Initial Class | Empower Aggressive Profile Fund, <br> Investor Class | Empower Bond Index Fund,<br> Investor Class | Empower Conservative Profile Fund, <br> Class L | Empower Conservative Profile Fund,<br> Investor Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $14488 | $1770 | $229022 | $79686 | $325503 | $78273 | $211378 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 10511 | 794 | 20994 | 30993 | 51466 | 41841 | 55663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 319 | - | 1524 | 703 | 13228 | 2830 | 17658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 10830 | 794 | 22518 | 31696 | 64694 | 44671 | 73321 |
| NET INVESTMENT INCOME (LOSS) | 3658 | 976 | 206504 | 47990 | 260809 | 33602 | 138057 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 30463 | (112) | (30092) | (152190) | (329642) | 23984 | 46164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 65544 | 34866 | - | 308751 | - | 23739 | 62626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 96007 | 34754 | (30092) | 156561 | (329642) | 47723 | 108790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (32785) | 17407 | (67157) | 463515 | 865634 | 176536 | 338060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 63222 | 52161 | (97249) | 620076 | 535992 | 224259 | 446850 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $66880 | $53137 | $109255 | $668066 | $796801 | $257861 | $584907 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower<br> Core Bond Fund,<br> Investor Class | Empower Emerging Markets Equity Fund, <br> Investor Class | Empower<br> Global Bond<br> Fund,<br> Investor Class | Empower High Yield Bond Fund,<br> Investor Class | Empower Inflation-Protected Securities Fund,<br> Investor Class | Empower International Growth Fund,<br> Investor Class | Empower International Index Fund, <br> Investor Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $252323 | $3633 | $42365 | $25203 | $8917 | $- | $211171 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 25276 | 1455 | 9170 | 5765 | 1908 | 7674 | 45832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 18166 | 464 | 705 | - | 746 | - | 13967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 43442 | 1919 | 9875 | 5765 | 2654 | 7674 | 59799 |
| NET INVESTMENT INCOME (LOSS) | 208881 | 1714 | 32490 | 19438 | 6263 | (7674) | 151372 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | (142252) | (30272) | (105851) | (26122) | (15630) | 15999 | 399172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | - | - | - | - | 34629 | 106038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (142252) | (30272) | (105851) | (26122) | (15630) | 50628 | 505210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 316536 | 117907 | 166551 | 41839 | 25148 | 31034 | 1826788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 174284 | 87635 | 60700 | 15717 | 9518 | 81662 | 2331998 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $383165 | $89349 | $93190 | $35155 | $15781 | $73988 | $2483370 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower<br> International Value Fund, <br> Investor Class | Empower<br> Large Cap Growth Fund,<br> Investor Class | Empower<br> Large Cap Value Fund, <br> Investor Class | Empower <br> Lifetime 2015 Fund, <br> Investor Class | Empower<br> Lifetime 2020 Fund, <br> Investor Class | Empower<br> Lifetime 2025 Fund, <br> Investor Class | Empower<br> Lifetime 2030 Fund, <br> Investor Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $59043 | $- | $4704 | $22729 | $10543 | $30579 | $47250 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 20094 | 33802 | 24169 | 2851 | 1639 | 8095 | 18312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 1916 | 15066 | 3149 | 4759 | 2225 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 22010 | 48868 | 27318 | 7610 | 3864 | 8095 | 18312 |
| NET INVESTMENT INCOME (LOSS) | 37033 | (48868) | (22614) | 15119 | 6679 | 22484 | 28938 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 237477 | (64100) | 152772 | (2689) | 636 | (5906) | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 170248 | 819733 | 54534 | 9820 | 6757 | 24272 | 37023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 407725 | 755633 | 207306 | 7131 | 7393 | 18366 | 37083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 783960 | 187741 | 290633 | 55612 | 21305 | 93579 | 154774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 1191685 | 943374 | 497939 | 62743 | 28698 | 111945 | 191857 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $1228718 | $894506 | $475325 | $77862 | $35377 | $134429 | $220795 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower<br> Lifetime 2035 Fund, <br> Investor Class | Empower<br> Lifetime 2040 Fund, <br> Investor Class | Empower<br> Lifetime 2045 Fund, <br> Investor Class | Empower<br> Lifetime 2050 Fund, <br> Investor Class | Empower<br> Lifetime 2055 Fund,<br> Investor Class | Empower <br> Mid Cap Value Fund, <br> Investor Class | Empower<br> Moderate Profile Fund, <br> Class L |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $10908 | $9563 | $2274 | $12897 | $2234 | $94381 | $664362 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 3544 | 4208 | 806 | 3781 | 2071 | 17710 | 876973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | - | - | - | - | 1099 | 1769 | 39009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 3544 | 4208 | 806 | 3781 | 3170 | 19479 | 915982 |
| NET INVESTMENT INCOME (LOSS) | 7364 | 5355 | 1468 | 9116 | (936) | 74902 | (251620) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | (19) | 805 | 571 | 2316 | 4787 | 14772 | 2364480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 12622 | 11354 | 3830 | 19689 | 4731 | 34339 | 2203069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 12603 | 12159 | 4401 | 22005 | 9518 | 49111 | 4567549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 49052 | 39344 | 13408 | 65759 | 24988 | 24780 | 3464530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 61655 | 51503 | 17809 | 87764 | 34506 | 73891 | 8032079 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $69019 | $56858 | $19277 | $96880 | $33570 | $148793 | $7780459 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower Moderate Profile Fund,<br> Investor Class | Empower Moderately Aggressive Profile Fund, <br> Investor Class | Empower Moderately Conservative Profile Fund, <br> Class L | Empower Moderately Conservative Profile Fund,<br> Investor Class | Empower Multi-Sector Bond Fund, <br> Investor Class | Empower Real Estate Index Fund,<br> Investor Class | Empower S&P 500 Index Fund,<br> Investor Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $918076 | $214255 | $193551 | $323620 | $139451 | $39680 | $249207 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 432219 | 69615 | 119187 | 131598 | 27093 | 11040 | 420505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 17800 | 505 | 2830 | 11312 | 1855 | 4705 | 55381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 450019 | 70120 | 122017 | 142910 | 28948 | 15745 | 475886 |
| NET INVESTMENT INCOME (LOSS) | 468057 | 144135 | 71534 | 180710 | 110503 | 23935 | (226679) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | (702796) | (161453) | 69715 | (248458) | 4648 | (26389) | 6485588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 2130664 | 409231 | 261407 | 419144 | - | 11649 | 91850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1427868 | 247778 | 331122 | 170686 | 4648 | (14740) | 6577438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 2413341 | 945364 | 526647 | 946798 | 166068 | 50491 | 6510118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 3841209 | 1193142 | 857769 | 1117484 | 170716 | 35751 | 13087556 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $4309266 | $1337277 | $929303 | $1298194 | $281219 | $59686 | $12860877 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower S&P Mid Cap 400 Index Fund,<br> Investor Class | Empower S&P Small Cap 600 Index Fund, <br> Investor Class | Empower SecureFoundation Balanced Fund,<br> Class L | Empower Short Duration Bond Fund,<br> Investor Class | Empower Small Cap Growth Fund,<br> Investor Class | Empower Small Cap Value Fund,<br> Investor Class | Empower T. Rowe Price Mid Cap Growth Fund,<br> Investor Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $173822 | $265303 | $4972609 | $118553 | $2364 | $- | $- |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 76191 | 72864 | 1896629 | 22064 | 6495 | 18514 | 58375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 6575 | 8947 | 42964 | 2416 | 78 | 2619 | 7558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 82766 | 81811 | 1939593 | 24480 | 6573 | 21133 | 65933 |
| NET INVESTMENT INCOME (LOSS) | 91056 | 183492 | 3033016 | 94073 | (4209) | (21133) | (65933) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 471506 | (451123) | (2700561) | 124379 | (38842) | 83927 | 496172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 609828 | 597102 | 2164699 | - | 26305 | 12778 | 113997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1081334 | 145979 | (535862) | 124379 | (12537) | 96705 | 610169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (509017) | 144975 | 15751289 | 37611 | 51144 | (1895) | (440575) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 572317 | 290954 | 15215427 | 161990 | 38607 | 94810 | 169594 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $663373 | $474446 | $18248443 | $256063 | $34398 | $73677 | $103661 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower U.S. Government Securities Fund,<br> Investor Class | Federated Hermes High Income Bond Fund II, <br> Service Shares | Fidelity VIP Asset Manager 50% Portfolio, <br> Initial Class | Fidelity VIP Balanced Portfolio, Service <br> Class 2 | Fidelity VIP Contrafund Portfolio, <br> Initial Class | Fidelity VIP Government Money Market Portfolio, <br> Initial Class | Fidelity VIP Growth Opportunities Portfolio, <br> Initial Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $37860 | $15181 | $24820 | $314806 | $1853 | $1088764 | $- |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 5994 | 1662 | 14662 | 135488 | 18909 | 159835 | 4623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 19 | - | - | 65 | - | 6972 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 6013 | 1662 | 14662 | 135553 | 18909 | 166807 | 4623 |
| NET INVESTMENT INCOME (LOSS) | 31847 | 13519 | 10158 | 179253 | (17056) | 921957 | (4623) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | (33171) | (199) | 32779 | 1592477 | 209124 |  | 9578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | - | 55679 | 1377680 | 219710 | - | 5711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (33171) | (199) | 88458 | 2970157 | 428834 | - | 15289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 70331 | 3898 | 30057 | (173737) | (154989) | - | 56415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 37160 | 3699 | 118515 | 2796420 | 273845 | - | 71704 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $69007 | $17218 | $128673 | $2975673 | $256789 | $921957 | $67081 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Growth Portfolio, <br> Initial Class | Fidelity VIP High Income Portfolio,<br> Initial Class | Fidelity VIP Index 500 Portfolio,<br> Initial Class | Fidelity VIP International Capital Appreciation Portfolio, Service<br> Class 2 | Fidelity VIP Investment Grade Bond Portfolio,<br> Initial Class | Fidelity VIP Overseas Portfolio,<br> Initial Class | First Trust/Dow Jones Dividend & Income Allocation Portfolio, <br> Class I |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $12643 | $7846 | $16918 | $34064 | $4692 | $2058 | $12470 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 61085 | 1683 | 20373 | 18716 | 1802 | 1838 | 5846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | - | - | - | 3363 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 61085 | 1683 | 20373 | 22079 | 1802 | 1838 | 5846 |
| NET INVESTMENT INCOME (LOSS) | (48442) | 6163 | (3455) | 11985 | 2890 | 220 | 6624 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 229549 | (586) | 73845 | (10394) | (1554) | 10715 | 14799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 562272 | - | 7623 | 12847 | - | 11291 | 30479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 791821 | (586) | 81468 | 2453 | (1554) | 22006 | 45278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (175409) | 4628 | 145820 | 614338 | 5990 | (1249) | (30065) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 616412 | 4042 | 227288 | 616791 | 4436 | 20757 | 15213 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $567970 | $10205 | $223833 | $628776 | $7326 | $20977 | $21837 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Franklin Income VIP Fund, <br> Class 4 | Goldman Sachs VIT Large Cap Value Fund, <br> Institutional Class | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Goldman Sachs VIT Strategic Growth Fund, <br> Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund,<br> Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund,<br> Service Class | Invesco V.I. Core Equity Fund,<br> Series II |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $198680 | $3363 | $- | $- | $499 | $5976 | $478 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 41652 | 4116 | 848 | 398 | 897 | 12574 | 1689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 1601 | - | - | - | - | 85 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 43253 | 4116 | 848 | 398 | 897 | 12659 | 1689 |
| NET INVESTMENT INCOME (LOSS) | 155427 | (753) | (848) | (398) | (398) | (6683) | (1211) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | (138758) | (1132) | (9727) | 1694 | 426 | 48014 | (2556) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 42529 | 41834 | - | 2468 | 9448 | 163250 | 8750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (96229) | 40702 | (9727) | 4162 | 9874 | 211264 | 6194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 385028 | (12972) | 7277 | 1251 | (31) | (30358) | 17215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 288799 | 27730 | (2450) | 5413 | 9843 | 180906 | 23409 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $444226 | $26977 | $(3298) | $5015 | $9445 | $174223 | $22198 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Core Plus Bond Fund,<br> Series II | Invesco V.I. EQV International Equity Fund, <br> Series II | Invesco V.I. Global Real Estate Fund,<br> Series II | Invesco V.I. Growth and Income Fund, <br> Series II | Invesco V.I. International Growth Fund,<br> Series II | Invesco V.I. Main Street Small Cap Fund, <br> Series II | Invesco V.I. Small Cap Equity Fund,<br> Series II |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $8678 | $4777 | $6613 | $32819 | $217 | $3743 | $- |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 2608 | 3617 | 2966 | 23043 | 4531 | 14669 | 465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | - | 353 | 646 | 1655 | - | 1956 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 2608 | 3970 | 3612 | 24698 | 4531 | 16625 | 465 |
| NET INVESTMENT INCOME (LOSS) | 6070 | 807 | 3001 | 8121 | (4314) | (12882) | (465) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | (1898) | (426) | (9515) | (63425) | (15213) | 7825 | 621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | 26066 | - | 213625 | 32230 | 166418 | 5172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (1898) | 25640 | (9515) | 150200 | 17017 | 174243 | 5793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 10179 | 55805 | 36447 | 230399 | 39880 | (44919) | 2217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 8281 | 81445 | 26932 | 380599 | 56897 | 129324 | 8010 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $14351 | $82252 | $29933 | $388720 | $52583 | $116442 | $7545 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Flexible Bond Portfolio, Service Shares | Janus Henderson VIT Mid Cap Value Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Institutional Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Lord Abbett Series Fund Developing Growth Portfolio, Class VC |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $241330 | $2608 | $59360 | $1032 | $1267 | $480 | $448 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 92548 | 28670 | 8729 | 486 | 1189 | 129 | 2418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 7724 | 4556 | 3100 | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 100272 | 33226 | 11829 | 486 | 1189 | 129 | 2418 |
| NET INVESTMENT INCOME (LOSS) | 141058 | (30618) | 47531 | 546 | 78 | 351 | (1970) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 669753 | (64327) | (41603) | 22 | 506 | 550 | 3095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 434524 | 464806 | - | 15139 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1104277 | 400479 | (41603) | 15161 | 506 | 550 | 3095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 629178 | (51578) | 75455 | (6824) | 20373 | 8000 | 29316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 1733455 | 348901 | 33852 | 8337 | 20879 | 8550 | 32411 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $1874513 | $318283 | $81383 | $8883 | $20957 | $8901 | $30441 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | LVIP American Century Inflation Protection Fund,<br> Service Class | LVIP American Century Mid Cap Value Fund,<br> Service Class | LVIP American Century Value Fund, <br> Service Class | LVIP JPMorgan Small Cap Core Fund, <br> Service Class | LVIP Nomura U.S. REIT Fund, <br> Service Class | MFS VIT II Blended Research Core Equity Portfolio, <br> Service Class | MFS VIT II International Growth Portfolio,<br> Service Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $23061 | $50996 | $65972 | $1250 | $5915 | $22686 | $1821 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 1290 | 24918 | 43269 | 1422 | 2262 | 16284 | 899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 128 | 4216 | 924 | - | 177 | 5101 | 1816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 1418 | 29134 | 44193 | 1422 | 2439 | 21385 | 2715 |
| NET INVESTMENT INCOME (LOSS) | 21643 | 21862 | 21779 | (172) | 3476 | 1301 | (894) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | (32217) | (66794) | (59442) | (4973) | 6385 | 2442 | 10197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | 273031 | 347634 | 23646 | - | 536985 | 13500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (32217) | 206237 | 288192 | 18673 | 6385 | 539427 | 23697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 28024 | 35948 | 325121 | 7051 | (9691) | (134283) | 24644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | (4193) | 242185 | 613313 | 25724 | (3306) | 405144 | 48341 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $17450 | $264047 | $635092 | $25552 | $170 | $406445 | $47447 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT II Technology Portfolio, <br> Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, <br> Service Class | Neuberger Berman AMT Quality Equity Portfolio,<br> Class S | Nomura VIP Emerging Markets Series, <br> Service Class | Nomura VIP Energy Series, <br> Service Class | Nomura VIP International Core Equity Series,<br> Service Class | Nomura VIP Small Cap Value Series,<br> Service Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $- | $14485 | $- | $15022 | $11282 | $520 | $13587 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 76981 | 6188 | 10139 | 9740 | 5987 | 1326 | 10445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 9971 | 1932 | 895 | 1340 | 5315 | 28 | 1776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 86952 | 8120 | 11034 | 11080 | 11302 | 1354 | 12221 |
| NET INVESTMENT INCOME (LOSS) | (86952) | 6365 | (11034) | 3942 | (20) | (834) | 1366 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 1606760 | (174487) | 133526 | 20308 | (32269) | 8258 | 2237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 1581049 | 191605 | 53372 | 2555 | - | 6372 | 89775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 3187809 | 17118 | 186898 | 22863 | (32269) | 14630 | 92012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (1560928) | 62343 | (47497) | 747289 | 147440 | 12512 | (12021) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 1626881 | 79461 | 139401 | 770152 | 115171 | 27142 | 79991 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $1539929 | $85826 | $128367 | $774094 | $115151 | $26308 | $81357 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | NVIT Fidelity Institutional AM Emerging Markets Fund, <br> Class D | PIMCO VIT<br> CommodityRealReturn<br> Strategy<br> Portfolio,<br> Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, <br> Advisor Class | PIMCO VIT Low Duration Portfolio,<br> Advisor Class | PIMCO VIT Real Return Portfolio,<br> Advisor Class | PIMCO VIT Short-Term Portfolio, <br> Advisor Class | PIMCO VIT Total Return Portfolio,<br> Advisor Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $153 | $33881 | $19610 | $124015 | $41438 | $112582 | $458420 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 690 | 4984 | 4247 | 22387 | 5622 | 15399 | 41505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | - | 2193 | - | 3012 | 174 | 936 | 12596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 690 | 7177 | 4247 | 25399 | 5796 | 16335 | 54101 |
| NET INVESTMENT INCOME (LOSS) | (537) | 26704 | 15363 | 98616 | 35642 | 96247 | 404319 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 432 | (71290) | (82654) | (9307) | (11073) | 34285 | (334517) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 432 | (71290) | (82654) | (9307) | (11073) | 34285 | (334517) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 14602 | 251418 | 27922 | 55179 | 66149 | (31775) | 831067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 15034 | 180128 | (54732) | 45872 | 55076 | 2510 | 496550 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $14497 | $206832 | $(39369) | $144488 | $90718 | $98757 | $900869 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Putnam VT Core Equity Fund, <br> Class IB | Putnam VT Emerging Markets Equity Fund, <br> Class IB | Putnam VT Focused International Equity Fund, <br> Class IB | Putnam VT Global Asset Allocation Fund, <br> Class IB | Putnam VT Income Fund, <br> Class IB | Putnam VT International Equity Fund, <br> Class IB | Putnam VT International Value Fund, <br> Class IB |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $6308 | $297 | $18535 | $25573 | $66686 | $36 | $1734 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 7879 | 551 | 6481 | 12992 | 5337 | 3165 | 1632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 4877 | - | - | - | 2141 | 142 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 12756 | 551 | 6481 | 12992 | 7478 | 3307 | 1632 |
| NET INVESTMENT INCOME (LOSS) | (6448) | (254) | 12054 | 12581 | 59208 | (3271) | 102 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 55304 | 96 | 32285 | 6503 | (54807) | 20355 | 10954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 132199 | - | - | 137937 | - | 19811 | 1216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 187503 | 96 | 32285 | 144440 | (54807) | 40166 | 12170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 59458 | 13203 | 120106 | (17602) | 85318 | 63795 | 32221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 246961 | 13299 | 152391 | 126838 | 30511 | 103961 | 44391 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $240513 | $13045 | $164445 | $139419 | $89719 | $100690 | $44493 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Putnam VT Large Cap Growth Fund,<br> Class IB | Putnam VT Large Cap Value Fund,<br> Class IB | Putnam VT Mortgage Securities Fund,<br> Class IB | Putnam VT Research Fund,<br> Class IB | Putnam VT Small Cap Growth Fund,<br> Class IB | Putnam VT Small Cap Value Fund,<br> Class IB | T. Rowe Price Blue Chip Growth Portfolio,<br> Class II |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $- | $13838 | $10221 | $3231 | $851 | $3033 | $- |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 54750 | 10353 | 361 | 4002 | 1950 | 3024 | 212223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 12079 | 271 | 386 | - | - | 422 | 12811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 66829 | 10624 | 747 | 4002 | 1950 | 3446 | 225034 |
| NET INVESTMENT INCOME (LOSS) | (66829) | 3214 | 9474 | (771) | (1099) | (413) | (225034) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 607053 | 7025 | (2422) | 162069 | 11392 | 322 | 2913553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 765206 | 66196 | - | 34574 | 14779 | 41504 | 2661645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1372259 | 73221 | (2422) | 196643 | 26171 | 41826 | 5575198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (280844) | 100019 | 2422 | (133965) | (23004) | (18133) | (640150) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 1091415 | 173240 | - | 62678 | 3167 | 23693 | 4935048 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $1024586 | $176454 | $9474 | $61907 | $2068 | $23280 | $4710014 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | T. Rowe Price Health Sciences Portfolio, <br> Class II | VanEck VIP Emerging Markets Fund, <br> Initial Class | VanEck VIP Global Resources Fund,<br> Class S | VanEck VIP Global Resources Fund,<br> Initial Class |
| INVESTMENT INCOME: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $- | $436 | $7281 | $425 |
| EXPENSES: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 41008 | 840 | 2677 | 766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory expenses | 3598 | - | 662 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 44606 | 840 | 3339 | 766 |
| NET INVESTMENT INCOME (LOSS) | (44606) | (404) | 3942 | (341) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | (227362) | 421 | (7632) | (89) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 179451 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (47911) | 421 | (7632) | (89) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 816258 | 14066 | 108882 | 14775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 768347 | 14487 | 101250 | 14686 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $723741 | $14083 | $105192 | $14345 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Concluded)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Alger Capital Appreciation Portfolio,<br>Class I-2 | Alger Large Cap Growth Portfolio,<br>Class I-2 | Alger Mid Cap Growth Portfolio,<br>Class I-2 | Alger Small Cap Growth Portfolio,<br>Class I-2 | ALPS Alerian Energy Infrastructure Portfolio,<br>Class III | ALPS Global Opportunity Portfolio,<br>Class III | American Funds IS Capital World Growth and Income Fund,<br>Class 4 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(29957) | $(20620) | $(23449) | $(3220) | $20098 | $34477 | $13716 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 539044 | 247188 | 14293 | (21664) | 250221 | 45136 | 178385 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 90137 | 151557 | 236883 | 36907 | (236919) | (76483) | 620150 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 599224 | 378125 | 227727 | 12023 | 33400 | 3130 | 812251 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 3400 | 6400 |  | 1000 |  | 240 | 980 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (207) | (234) | (140) | (58) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (202329) | (75167) | (154717) | (7816) | (295895) | (128922) | (452866) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (76004) | (75972) | (10878) | (5877) | (83701) | 2004 | (111666) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (275140) | (144973) | (165735) | (12751) | (379596) | (126678) | (563552) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 324084 | 233152 | 61992 | (728) | (346196) | (123548) | 248699 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 2042200 | 1429806 | 1666119 | 294469 | 961139 | 773706 | 3839636 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $2366284 | $1662958 | $1728111 | $293741 | $614943 | $650158 | $4088335 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Growth Fund,<br>Class 4 | American Funds IS Growth-Income Fund,<br>Class 4 | American Funds IS International Fund,<br>Class 4 | American Funds IS New World Fund,<br>Class 4 | American Funds IS Washington Mutual Investors Fund,<br>Class 4 | BlackRock 60/40 Target Allocation ETF V.I. Fund,<br>Class III | BlackRock Global Allocation V.I. Fund,<br>Class III |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(64493) | $(7098) | $5872 | $4472 | $14283 | $1348 | $93791 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2051202 | 818370 | (9643) | 222504 | 510839 | 2316 | 139878 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (301941) | (197636) | 649866 | 477477 | 65046 | 5700 | 306863 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 1684768 | 613636 | 646095 | 704453 | 590168 | 9364 | 540532 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 10000 |  |  | 8978 |  |  | 21474 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (1912812) | (454256) | (372303) | (443386) | (474962) |  | (756013) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 1343175 | 94180 | (118727) | (68106) | 26334 | 55850 | (66987) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (559637) | (360076) | (491030) | (502514) | (448628) | 55850 | (801526) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 1125131 | 253560 | 155065 | 201939 | 141540 | 65214 | (260994) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 11347773 | 3902090 | 2763654 | 2872287 | 3894582 | 6254 | 3441843 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $12472904 | $4155650 | $2918719 | $3074226 | $4036122 | $71468 | $3180849 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | BlackRock High Yield V.I. Fund,<br>Class III | BNY Mellon IP Technology Growth Portfolio, Service Shares | BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares | BNY Mellon VIF Appreciation Portfolio, Initial Shares | BNY Mellon VIF Appreciation Portfolio, Service Shares | BNY Mellon VIF Growth and Income Portfolio, Initial Shares | ClearBridge Variable Large Cap Growth Portfolio,<br>Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $293628 | $(1142) | $(6191) | $(1946) | $(4930) | $(4008) | $(36647) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 32790 | 205481 | 54394 | 26533 | 86809 | 42805 | 582520 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 81342 | (98366) | 26036 | (9141) | (18617) | 20929 | (302544) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 407760 | 105973 | 74239 | 15446 | 63262 | 59726 | 243329 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  |  | 2030 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  | (22) | (23) |  | (94) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (1658811) | (7632) | (12230) | (8099) | (12453) | (32142) | (588044) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 519678 | (1) | (6318) | 16 | (216329) | (9) | (350388) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1139133) | (7633) | (18570) | (8106) | (228782) | (32245) | (936402) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (731373) | 98340 | 55669 | 7340 | (165520) | 27481 | (693073) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 5644417 | 388939 | 520488 | 188662 | 753552 | 421042 | 4254267 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $4913044 | $487279 | $576157 | $196002 | $588032 | $448523 | $3561194 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | ClearBridge Variable Mid Cap Portfolio,<br>Class II | ClearBridge Variable Small Cap Growth Portfolio,<br>Class II | Columbia VP Select Small Cap Value Fund,<br>Class 2 | Columbia VP Seligman Global Technology Fund,<br>Class 1 | Columbia VP Seligman Global Technology Fund,<br>Class 2 | Columbia VP Small Cap Value Fund,<br>Class 2 | Columbia VP Strategic Income Fund,<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(5489) | $(23916) | $(3767) | $(129090) | $(5251) | $205 | $69953 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 40247 | 74745 | 10779 | 1552889 | 83430 | 4888 | (54311) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (14406) | 117859 | 6045 | 1396984 | 42990 | (983) | 105195 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 20352 | 168688 | 13057 | 2820783 | 121169 | 4110 | 120837 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 2510 | 335 | 1000 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  | (35) | (678) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (60264) | (368175) | (13608) | (1051916) | (12509) |  | (209340) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (13114) | (78365) | 8743 | (282578) | (76582) | 1 | 120023 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (73378) | (444030) | (4565) | (1334172) | (89091) | 1 | (89317) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (53026) | (275342) | 8492 | 1486611 | 32078 | 4111 | 31520 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 691345 | 2510900 | 277726 | 8796854 | 366413 | 28653 | 1996757 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $638319 | $2235558 | $286218 | $10283465 | $398491 | $32764 | $2028277 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $15018 | $1122 | $1135 | $6859 | $24641 | $23521 | $19468 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 14532 | (16) | 124773 | (11738) | 91940 | 16 | 376289 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 143009 | 30 | 88253 | 97793 | 169993 | (766) | (37332) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 172559 | 1136 | 214161 | 92914 | 286574 | 22771 | 358425 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  | 120 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (293) |  | (38220) | (195891) | (366620) | (1153) | (791529) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (813) | 973 | (969071) | (39121) | (30129) | 110791 | 96823 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1106) | 973 | (1007291) | (235012) | (396629) | 109638 | (694706) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 171453 | 2109 | (793130) | (142098) | (110055) | 132409 | (336281) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 895432 | 29728 | 1971971 | 495079 | 989450 | 526766 | 2968187 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $1066885 | $31837 | $1178841 | $352981 | $879395 | $659175 | $2631906 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Dimensional VA US Targeted Value Portfolio, Institutional | DWS Small Mid Cap Value VIP,<br>Class B | Eaton Vance VT Floating-Rate Income Fund, Initial Class | Empower Aggressive Profile Fund, Investor Class | Empower Bond Index Fund, Investor Class | Empower Conservative Profile Fund,<br>Class L | Empower Conservative Profile Fund, Investor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $3658 | $976 | $206504 | $47990 | $260809 | $33602 | $138057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 96007 | 34754 | (30092) | 156561 | (329642) | 47723 | 108790 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (32785) | 17407 | (67157) | 463515 | 865634 | 176536 | 338060 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 66880 | 53137 | 109255 | 668066 | 796801 | 257861 | 584907 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 60 |  | 38570 | 480 | 28982 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (365836) |  | (917705) | (586089) | (2119937) | (1227658) | (591004) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 28885 | (3) | (55583) | (271531) | (968933) | 1100284 | (81213) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (336891) | (3) | (934718) | (857140) | (3059888) | (127374) | (672217) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (270011) | 53134 | (825463) | (189074) | (2263087) | 130487 | (87310) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 1104571 | 302767 | 4040354 | 4634793 | 14260911 | 3664815 | 8269674 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $834560 | $355901 | $3214891 | $4445719 | $11997824 | $3795302 | $8182364 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower Core Bond Fund, Investor Class | Empower Emerging Markets Equity Fund, Investor Class | Empower Global Bond Fund, Investor Class | Empower High Yield Bond Fund, Investor Class | Empower Inflation-Protected Securities Fund, Investor Class | Empower International Growth Fund, Investor Class | Empower International Index Fund, Investor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $208881 | $1714 | $32490 | $19438 | $6263 | $(7674) | $151372 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (142252) | (30272) | (105851) | (26122) | (15630) | 50628 | 505210 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 316536 | 117907 | 166551 | 41839 | 25148 | 31034 | 1826788 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 383165 | 89349 | 93190 | 35155 | 15781 | 73988 | 2483370 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  | 51106 |  |  | 1200 | 11521 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (507862) | (184192) | (344818) | (319374) | (82316) | (125184) | (835314) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 3327402 | (40909) | (110945) | (25757) | (14459) | (13060) | (2319130) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 2819540 | (225101) | (404657) | (345131) | (96775) | (137044) | (3142923) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 3202705 | (135752) | (311467) | (309976) | (80994) | (63056) | (659553) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 6180541 | 502200 | 1723734 | 871762 | 336156 | 767694 | 10464480 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $9383246 | $366448 | $1412267 | $561786 | $255162 | $704638 | $9804927 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower International Value Fund, Investor Class | Empower Large Cap Growth Fund, Investor Class | Empower Large Cap Value Fund, Investor Class | Empower Lifetime 2015 Fund, Investor Class | Empower Lifetime 2020 Fund, Investor Class | Empower Lifetime 2025 Fund, Investor Class | Empower Lifetime 2030 Fund, Investor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $37033 | $(48868) | $(22614) | $15119 | $6679 | $22484 | $28938 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 407725 | 755633 | 207306 | 7131 | 7393 | 18366 | 37083 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 783960 | 187741 | 290633 | 55612 | 21305 | 93579 | 154774 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 1228718 | 894506 | 475325 | 77862 | 35377 | 134429 | 220795 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 17215 |  | 2840 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (374582) | (595242) | (607235) | (34000) | (11446) | (40000) | (168797) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (117895) | 2992 | (96875) | (27) | 174 | 499 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (475262) | (592250) | (701270) | (34027) | (11272) | (39501) | (168796) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 753456 | 302256 | (225945) | 43835 | 24105 | 94928 | 51999 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 3300418 | 6652908 | 3518811 | 873552 | 379351 | 1243794 | 1867183 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $4053874 | $6955164 | $3292866 | $917387 | $403456 | $1338722 | $1919182 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower Lifetime 2035 Fund, Investor Class | Empower Lifetime 2040 Fund, Investor Class | Empower Lifetime 2045 Fund, Investor Class | Empower Lifetime 2050 Fund, Investor Class | Empower Lifetime 2055 Fund, Investor Class | Empower Mid Cap Value Fund, Investor Class | Empower Moderate Profile Fund,<br>Class L |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $7364 | $5355 | $1468 | $9116 | $(936) | $74902 | $(251620) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 12603 | 12159 | 4401 | 22005 | 9518 | 49111 | 4567549 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 49052 | 39344 | 13408 | 65759 | 24988 | 24780 | 3464530 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 69019 | 56858 | 19277 | 96880 | 33570 | 148793 | 7780459 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  |  | 3000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (2466) | (789) | (9897) | (26747) | (20290) | (285301) | (17286510) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (3397) | (719) | - | (674) | (885) | 125962 | (3124572) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (5863) | (1508) | (9897) | (27421) | (21175) | (159339) | (20408082) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 63156 | 55350 | 9380 | 69459 | 12395 | (10546) | (12627623) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 510875 | 392487 | 129849 | 594027 | 216514 | 2199407 | 85494345 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $574031 | $447837 | $139229 | $663486 | $228909 | $2188861 | $72866722 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower Moderate Profile Fund, Investor Class | Empower Moderately Aggressive Profile Fund, Investor Class | Empower Moderately Conservative Profile Fund,<br>Class L | Empower Moderately Conservative Profile Fund, Investor Class | Empower Multi-Sector Bond Fund, Investor Class | Empower Real Estate Index Fund, Investor Class | Empower S&P 500 Index Fund, Investor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $468057 | $144135 | $71534 | $180710 | $110503 | $23935 | $(226679) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1427868 | 247778 | 331122 | 170686 | 4648 | (14740) | 6577438 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 2413341 | 945364 | 526647 | 946798 | 166068 | 50491 | 6510118 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 4309266 | 1337277 | 929303 | 1298194 | 281219 | 59686 | 12860877 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  | 900 | 11521 | 17821 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (6223573) | (1016282) | (3299700) | (2675211) | (443077) | (227044) | (8435005) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (1115797) | (545656) | 428827 | (455244) | 611591 | 10634 | (2017772) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (7339370) | (1561938) | (2870873) | (3130455) | 169414 | (204889) | (10434956) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (3030104) | (224661) | (1941570) | (1832261) | 450633 | (145203) | 2425921 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 44524556 | 10821911 | 12223214 | 16024948 | 3913850 | 2680334 | 86771307 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $41494452 | $10597250 | $10281644 | $14192687 | $4364483 | $2535131 | $89197228 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower S&P Mid Cap 400 Index Fund, Investor Class | Empower S&P Small Cap 600 Index Fund, Investor Class | Empower SecureFoundation Balanced Fund,<br>Class L | Empower Short Duration Bond Fund, Investor Class | Empower Small Cap Growth Fund, Investor Class | Empower Small Cap Value Fund, Investor Class | Empower T. Rowe Price Mid Cap Growth Fund, Investor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $91056 | $183492 | $3033016 | $94073 | $(4209) | $(21133) | $(65933) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1081334 | 145979 | (535862) | 124379 | (12537) | 96705 | 610169 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (509017) | 144975 | 15751289 | 37611 | 51144 | (1895) | (440575) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 663373 | 474446 | 18248443 | 256063 | 34398 | 73677 | 103661 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 11701 | 11941 | 8000 |  |  | 1200 | 820 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (1144228) | (1283921) | (31020103) | (1061615) | (104573) | (166109) | (1245498) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 112067 | (574606) | (7998805) | (1390361) | (54173) | (156481) | (568722) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1020460) | (1846586) | (39010908) | (2451976) | (158746) | (321390) | (1813400) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (357087) | (1372140) | (20762465) | (2195913) | (124348) | (247713) | (1709739) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 12830495 | 13499001 | 181298880 | 6057649 | 734345 | 2951781 | 8394850 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $12473408 | $12126861 | $160536415 | $3861736 | $609997 | $2704068 | $6685111 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower U.S. Government Securities Fund, Investor Class | Federated Hermes High Income Bond Fund II, Service Shares | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Balanced Portfolio, Service<br>Class 2 | Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Government Money Market Portfolio, Initial Class | Fidelity VIP Growth Opportunities Portfolio, Initial Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $31847 | $13519 | $10158 | $179253 | $(17056) | $921957 | $(4623) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (33171) | (199) | 88458 | 2970157 | 428834 |  | 15289 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 70331 | 3898 | 30057 | (173737) | (154989) | - | 56415 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 69007 | 17218 | 128673 | 2975673 | 256789 | 921957 | 67081 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 51666 | 503 |  | 3735 | 14000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  | (227) |  | (254) | (146) | (36) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (99307) | (31365) | (286327) | (1922524) | (188133) | (35399048) | (18112) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 289352 | (75363) | (50) | (7414466) | (149539) | 26396540 | (12185) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 190045 | (55062) | (286101) | (9336990) | (334191) | (8988654) | (30333) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 259052 | (37844) | (157428) | (6361317) | (77402) | (8066697) | 36748 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 1212027 | 283782 | 1187607 | 26317185 | 1497497 | 30851782 | 349241 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $1471079 | $245938 | $1030179 | $19955868 | $1420095 | $22785085 | $385989 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Growth Portfolio, Initial Class | Fidelity VIP High Income Portfolio, Initial Class | Fidelity VIP Index 500 Portfolio, Initial Class | Fidelity VIP International Capital Appreciation Portfolio, Service<br>Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Initial Class | Fidelity VIP Overseas Portfolio, Initial Class | First Trust/Dow Jones Dividend & Income Allocation Portfolio,<br>Class I |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(48442) | $6163 | $(3455) | $11985 | $2890 | $220 | $6624 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 791821 | (586) | 81468 | 2453 | (1554) | 22006 | 45278 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (175409) | 4628 | 145820 | 614338 | 5990 | (1249) | (30065) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 567970 | 10205 | 223833 | 628776 | 7326 | 20977 | 21837 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 1600 |  |  |  | 1503 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (377) | (17) | (83) |  | (61) | (18) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (162665) | (3526) | (46768) | (251048) | (6543) | (10907) | (126438) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (205147) | 1 | (35971) | 2081090 | - | 45139 | (2323) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (366589) | (3542) | (82822) | 1830042 | (5101) | 34214 | (128761) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 201381 | 6663 | 141011 | 2458818 | 2225 | 55191 | (106924) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 4387462 | 117877 | 1431401 | 2358765 | 130421 | 79924 | 596814 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $4588843 | $124540 | $1572412 | $4817583 | $132646 | $135115 | $489890 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Franklin Income VIP Fund,<br>Class 4 | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Invesco V.I. Core Equity Fund,<br>Series II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $155427 | $(753) | $(848) | $(398) | $(398) | $(6683) | $(1211) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (96229) | 40702 | (9727) | 4162 | 9874 | 211264 | 6194 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 385028 | (12972) | 7277 | 1251 | (31) | (30358) | 17215 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 444226 | 26977 | (3298) | 5015 | 9445 | 174223 | 22198 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 46847 | 1000 |  |  | 1000 | 6000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  | (30) |  |  | (8) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (897407) | (1618) | (4407) | (605) | (1030) | (576368) | (155247) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 12913 | - | (319276) | (33142) | 10 | (426202) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (837647) | (648) | (323683) | (33747) | (28) | (996570) | (155251) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (393421) | 26329 | (326981) | (28732) | 9417 | (822347) | (133053) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 4448597 | 287450 | 326981 | 28732 | 66501 | 2131369 | 255500 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $4055176 | $313779 | $- | $- | $75918 | $1309022 | $122447 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Core Plus Bond Fund,<br>Series II | Invesco V.I. EQV International Equity Fund,<br>Series II | Invesco V.I. Global Real Estate Fund,<br>Series II | Invesco V.I. Growth and Income Fund,<br>Series II | Invesco V.I. International Growth Fund,<br>Series II | Invesco V.I. Main Street Small Cap Fund,<br>Series II | Invesco V.I. Small Cap Equity Fund,<br>Series II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $6070 | $807 | $3001 | $8121 | $(4314) | $(12882) | $(465) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (1898) | 25640 | (9515) | 150200 | 17017 | 174243 | 5793 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 10179 | 55805 | 36447 | 230399 | 39880 | (44919) | 2217 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 14351 | 82252 | 29933 | 388720 | 52583 | 116442 | 7545 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 1200 |  | 8518 |  |  | 750 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (107164) | (116641) | (106675) | (548205) | (82197) | (361770) | (2153) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (22043) | (171484) | (69807) | (520710) | (316) | 19862 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (128007) | (288125) | (167964) | (1068915) | (82513) | (341158) | (2156) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (113656) | (205873) | (138031) | (680195) | (29930) | (224716) | 5389 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 326195 | 622807 | 504138 | 3577282 | 404476 | 1865535 | 102884 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $212539 | $416934 | $366107 | $2897087 | $374546 | $1640819 | $108273 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Flexible Bond Portfolio, Service Shares | Janus Henderson VIT Mid Cap Value Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Institutional Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Lord Abbett Series Fund Developing Growth Portfolio,<br>Class VC |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $141058 | $(30618) | $47531 | $546 | $78 | $351 | $(1970) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1104277 | 400479 | (41603) | 15161 | 506 | 550 | 3095 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 629178 | (51578) | 75455 | (6824) | 20373 | 8000 | 29316 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 1874513 | 318283 | 81383 | 8883 | 20957 | 8901 | 30441 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 5000 | 1344 |  |  | 1000 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  | (20) |  | (13) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (1528551) | (729821) | (129330) | (4079) | (1597) | (2080) | (13790) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (736438) | (1500494) | 3560 | (1) | (2) | 436 | (59) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (2259989) | (2228971) | (125790) | (4080) | (612) | (1644) | (13849) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (385476) | (1910688) | (44407) | 4803 | 20345 | 7257 | 16592 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 15206904 | 5580519 | 1406428 | 152073 | 76836 | 33062 | 241717 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $14821428 | $3669831 | $1362021 | $156876 | $97181 | $40319 | $258309 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | LVIP American Century Inflation Protection Fund, Service Class | LVIP American Century Mid Cap Value Fund, Service Class | LVIP American Century Value Fund, Service Class | LVIP JPMorgan Small Cap Core Fund, Service Class | LVIP Nomura U.S. REIT Fund, Service Class | MFS VIT II Blended Research Core Equity Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $21643 | $21862 | $21779 | $(172) | $3476 | $1301 | $(894) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (32217) | 206237 | 288192 | 18673 | 6385 | 539427 | 23697 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 28024 | 35948 | 325121 | 7051 | (9691) | (134283) | 24644 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 17450 | 264047 | 635092 | 25552 | 170 | 406445 | 47447 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 17355 | 21294 |  |  | 25553 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (245299) | (389980) | (765784) | (2282) | (23007) | (130886) | (26295) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (11557) | (289897) | (202720) | (14379) | (48796) | (65880) | (22302) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (256856) | (662522) | (947210) | (16661) | (71803) | (171213) | (48597) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (239406) | (398475) | (312118) | 8891 | (71633) | 235232 | (1150) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 556679 | 3550294 | 5013412 | 297869 | 293069 | 2959408 | 260016 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $317273 | $3151819 | $4701294 | $306760 | $221436 | $3194640 | $258866 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT II Technology Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | Neuberger Berman AMT Quality Equity Portfolio,<br>Class S | Nomura VIP Emerging Markets Series, Service Class | Nomura VIP Energy Series, Service Class | Nomura VIP International Core Equity Series, Service Class | Nomura VIP Small Cap Value Series, Service Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(86952) | $6365 | $(11034) | $3942 | $(20) | $(834) | $1366 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 3187809 | 17118 | 186898 | 22863 | (32269) | 14630 | 92012 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (1560928) | 62343 | (47497) | 747289 | 147440 | 12512 | (12021) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 1539929 | 85826 | 128367 | 774094 | 115151 | 26308 | 81357 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 28100 | 17035 |  | 240 |  |  | 96 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (2624513) | (145019) | (46468) | (176713) | (92304) | (68321) | (167598) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (113843) | (964340) | (231184) | (12620) | (84155) | (481) | (152443) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (2710256) | (1092324) | (277652) | (189093) | (176459) | (68802) | (319945) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (1170327) | (1006498) | (149285) | 585001 | (61308) | (42494) | (238588) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 13092905 | 1982265 | 1147077 | 1128281 | 1240074 | 125741 | 1455712 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $11922578 | $975767 | $997792 | $1713282 | $1178766 | $83247 | $1217124 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | NVIT Fidelity Institutional AM Emerging Markets Fund,<br>Class D | PIMCO VIT<br> CommodityRealReturn Strategy<br> Portfolio, Advisor<br> Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(537) | $26704 | $15363 | $98616 | $35642 | $96247 | $404319 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 432 | (71290) | (82654) | (9307) | (11073) | 34285 | (334517) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 14602 | 251418 | 27922 | 55179 | 66149 | (31775) | 831067 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 14497 | 206832 | (39369) | 144488 | 90718 | 98757 | 900869 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  |  | 23442 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (12) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (2916) | (107433) | (125279) | (380655) | (100155) | (238529) | (2191660) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (117) | (91197) | 67733 | 12998 | 36038 | (1147593) | 1158117 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (3045) | (198630) | (57546) | (367657) | (64117) | (1386122) | (1010101) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 11452 | 8202 | (96915) | (223169) | 26601 | (1287365) | (109232) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 45000 | 1230718 | 604237 | 3150627 | 1328805 | 3616436 | 11607847 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $56452 | $1238920 | $507322 | $2927458 | $1355406 | $2329071 | $11498615 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Putnam VT Core Equity Fund,<br>Class IB | Putnam VT Emerging Markets Equity Fund,<br>Class IB | Putnam VT Focused International Equity Fund,<br>Class IB | Putnam VT Global Asset Allocation Fund,<br>Class IB | Putnam VT Income Fund,<br>Class IB | Putnam VT International Equity Fund,<br>Class IB | Putnam VT International Value Fund,<br>Class IB |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(6448) | $(254) | $12054 | $12581 | $59208 | $(3271) | $102 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 187503 | 96 | 32285 | 144440 | (54807) | 40166 | 12170 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 59458 | 13203 | 120106 | (17602) | 85318 | 63795 | 32221 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 240513 | 13045 | 164445 | 139419 | 89719 | 100690 | 44493 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  | 72881 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (148210) |  | (117576) | (125157) | (164748) | (201109) | (40781) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (51636) | (1) | (56496) | (6) | 6109 | 332887 | 215687 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (199846) | (1) | (174072) | (125163) | (85758) | 131778 | 174906 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 40667 | 13044 | (9627) | 14256 | 3961 | 232468 | 219399 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 1667871 | 40058 | 511852 | 1158167 | 1448045 | 276507 | 106243 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $1708538 | $53102 | $502225 | $1172423 | $1452006 | $508975 | $325642 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Putnam VT Large Cap Growth Fund,<br>Class IB | Putnam VT Large Cap Value Fund,<br>Class IB | Putnam VT Mortgage Securities Fund,<br>Class IB | Putnam VT Research Fund,<br>Class IB | Putnam VT Small Cap Growth Fund,<br>Class IB | Putnam VT Small Cap Value Fund,<br>Class IB | T. Rowe Price Blue Chip Growth Portfolio,<br>Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(66829) | $3214 | $9474 | $(771) | $(1099) | $(413) | $(225034) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1372259 | 73221 | (2422) | 196643 | 26171 | 41826 | 5575198 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (280844) | 100019 | 2422 | (133965) | (23004) | (18133) | (640150) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 1024586 | 176454 | 9474 | 61907 | 2068 | 23280 | 4710014 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 3630 |  |  |  |  |  | 48732 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (1572811) | (12138) | (3979) | (427302) | (122006) | (154878) | (4183372) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (364353) | (7) | 24044 | 425 | (7) | (33324) | (1803229) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1933534) | (12145) | 20065 | (426877) | (122013) | (188202) | (5937869) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (908948) | 164309 | 29539 | (364970) | (119945) | (164922) | (1227855) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 8827055 | 928410 | 108838 | 554625 | 289663 | 566301 | 31019947 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $7918107 | $1092719 | $138377 | $189655 | $169718 | $401379 | $29792092 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | T. Rowe Price Health Sciences Portfolio,<br>Class II | VanEck VIP Emerging Markets Fund, Initial Class | VanEck VIP Global Resources Fund,<br>Class S | VanEck VIP Global Resources Fund, Initial Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |
| OPERATIONS: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(44606) | $(404) | $3942 | $(341) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (47911) | 421 | (7632) | (89) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 816258 | 14066 | 108882 | 14775 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 723741 | 14083 | 105192 | 14345 |
| CONTRACT TRANSACTIONS: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 1000 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  | (6) |  | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (1134510) | (1840) | (82184) | (2331) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (629388) | 29221 | (48105) | 19615 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1762898) | 27375 | (130289) | 17280 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (1039157) | 41458 | (25097) | 31625 |
| NET ASSETS: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 5940453 | 44252 | 386890 | 59548 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $4901296 | $85710 | $361793 | $91173 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Alger Capital Appreciation Portfolio,<br> Class I-2 | Alger Large Cap Growth Portfolio,<br> Class I-2 | Alger Mid Cap Growth Portfolio,<br> Class I-2 | Alger Small Cap Growth Portfolio,<br> Class I-2 | ALPS Alerian Energy Infrastructure Portfolio,<br> Class III | ALPS Global Opportunity Portfolio,<br> Class III | American Funds IS Capital World Growth and Income Fund,<br> Class 4 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(25087) | $(18607) | $(21326) | $(1926) | $25710 | $59295 | $12633 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 80514 | 70869 | 6079 | (60390) | 146770 | 29111 | 90742 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 616779 | 405017 | 285109 | 76195 | 149104 | 56791 | 541477 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 672206 | 457279 | 269862 | 13879 | 321584 | 145197 | 644852 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 3338 | 6400 |  | 938 |  | 1100 | 1140 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (285) | (289) | (164) | (64) |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (153548) | (270689) | (70641) | (33080) | (372912) | (263719) | (2906669) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (150495) | (264578) | (70805) | (32206) | (372912) | (262619) | (2905529) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 521711 | 192701 | 199057 | (18327) | (51328) | (117422) | (2260677) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1520489 | 1237105 | 1467062 | 312796 | 1012467 | 891128 | 6100313 |
| &nbsp;&nbsp;&nbsp;End of period | $2042200 | $1429806 | $1666119 | $294469 | $961139 | $773706 | $3839636 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Growth Fund,<br> Class 4 | American Funds IS Growth-Income Fund,<br> Class 4 | American Funds IS International Fund,<br> Class 4 | American Funds IS New World Fund,<br> Class 4 | American Funds IS Washington Mutual Investors Fund,<br> Class 4 | BlackRock 60/40 Target Allocation ETF V.I. Fund,<br> Class III | BlackRock Global Allocation V.I. Fund,<br> Class III |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(73789) | $(7543) | $1722 | $11727 | $16798 | $117 | $10069 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 947865 | 1171760 | (99002) | 68050 | 287527 | 1828 | 171287 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 1882947 | (135412) | 179875 | 88994 | 441028 | (332) | 139501 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 2757023 | 1028805 | 82595 | 168771 | 745353 | 1613 | 320857 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  | 1500 | 545 |  |  | 150 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (8552) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (1855621) | (3353614) | (686540) | (469542) | (1951911) | (5402) | (1373070) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1864173) | (3353614) | (685040) | (468997) | (1951911) | (5402) | (1372920) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 892850 | (2324809) | (602445) | (300226) | (1206558) | (3789) | (1052063) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 10454923 | 6226899 | 3366099 | 3172513 | 5101140 | 10043 | 4493906 |
| &nbsp;&nbsp;&nbsp;End of period | $11347773 | $3902090 | $2763654 | $2872287 | $3894582 | $6254 | $3441843 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | BlackRock High Yield V.I. Fund,<br> Class III | BNY Mellon IP Technology Growth Portfolio, Service Shares | BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares | BNY Mellon VIF Appreciation Portfolio, Initial Shares | BNY Mellon VIF Appreciation Portfolio, Service Shares | BNY Mellon VIF Growth and Income Portfolio, Initial Shares | ClearBridge Variable Large Cap Growth Portfolio,<br> Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $354602 | $(1165) | $(4380) | $(2000) | $(5230) | $(3575) | $(49564) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (142485) | 80727 | 14915 | 5869 | 48949 | 36652 | 1355766 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 189020 | 24588 | 90531 | 19594 | 38128 | 43809 | (23211) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 401137 | 104150 | 101066 | 23463 | 81847 | 76886 | 1282991 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  |  | 2015 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  | (30) | (57) |  | (114) |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (565464) | (234444) | (24744) | (125218) | (46773) | (61856) | (3106516) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (565464) | (234444) | (24774) | (125275) | (46773) | (61970) | (3104501) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (164327) | (130294) | 76292 | (101812) | 35074 | 14916 | (1821510) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 5808744 | 519233 | 444196 | 290474 | 718478 | 406126 | 6075777 |
| &nbsp;&nbsp;&nbsp;End of period | $5644417 | $388939 | $520488 | $188662 | $753552 | $421042 | $4254267 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | ClearBridge Variable Mid Cap Portfolio,<br> Class II | ClearBridge Variable Small Cap Growth Portfolio,<br> Class II | Columbia VP Select Small Cap Value Fund,<br> Class 2 | Columbia VP Seligman Global Technology Fund,<br> Class 1 | Columbia VP Seligman Global Technology Fund,<br> Class 2 | Columbia VP Small Cap Value Fund,<br> Class 2 | Columbia VP Strategic Income Fund,<br> Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(4571) | $(32120) | $(4358) | $(113584) | $(4520) | $73 | $75408 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 53288 | (115114) | 106937 | 765784 | 33373 | 1193 | (87745) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 10920 | 212935 | (67177) | 1165690 | 44032 | 947 | 92909 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 59637 | 65701 | 35402 | 1817890 | 72885 | 2213 | 80572 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 5098 | 305 | 938 |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  | (50) | (869) |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  | (1126) |  | (16170) |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (337053) | (1860481) | (105880) | (506573) | 10102 | - | (497749) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (337053) | (1856509) | (105625) | (522674) | 10102 | - | (497749) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (277416) | (1790808) | (70223) | 1295216 | 82987 | 2213 | (417177) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 968761 | 4301708 | 347949 | 7501638 | 283426 | 26440 | 2413934 |
| &nbsp;&nbsp;&nbsp;End of period | $691345 | $2510900 | $277726 | $8796854 | $366413 | $28653 | $1996757 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Delaware VIP International Series, Service Class | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $2959 | $11662 | $1122 | $36771 | $11535 | $29317 | $23187 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (21200) | 12012 | (2622) | 15225 | 6190 | 71408 | 476 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 20807 | 89381 | 4138 | 47518 | 5013 | (30379) | (6571) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 2566 | 113055 | 2638 | 99514 | 22738 | 70346 | 17092 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  | 120 |  |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (209033) | 1245 | (42886) | 1545768 | (281718) | (306950) | 475379 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (209033) | 1245 | (42886) | 1545768 | (281718) | (306830) | 475379 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (206467) | 114300 | (40248) | 1645282 | (258980) | (236484) | 492471 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 206467 | 781132 | 69976 | 326689 | 754059 | 1225934 | 34295 |
| &nbsp;&nbsp;&nbsp;End of period | $- | $895432 | $29728 | $1971971 | $495079 | $989450 | $526766 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | DWS Capital Growth VIP,<br> Class B | DWS CROCI U.S. VIP,<br> Class B | DWS Global Small Cap VIP,<br> Class B | DWS Small Mid Cap Value VIP,<br> Class B | Eaton Vance VT Floating-Rate Income Fund, Initial Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $26804 | $(3143) | $(3137) | $481 | $281 | $1655 | $329713 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 536685 | 380482 | 465979 | 4501 | (8571) | 14198 | (59997) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (183468) | (318220) | (261898) | (668) | 8081 | (56) | 37748 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 380021 | 59119 | 200944 | 4314 | (209) | 15797 | 307464 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 60 |  |  |  |  | 200 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  |  |  | (2133) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (666679) | (1235608) | (1636295) | (53562) | (29690) | (1892) | (1450419) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (666679) | (1235548) | (1636295) | (53562) | (29690) | (1892) | (1452352) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (286658) | (1176429) | (1435351) | (49248) | (29899) | 13905 | (1144888) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 3254845 | 2281000 | 1435351 | 49248 | 29899 | 288862 | 5185242 |
| &nbsp;&nbsp;&nbsp;End of period | $2968187 | $1104571 | $- | $- | $- | $302767 | $4040354 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower Aggressive Profile Fund, Investor Class | Empower Ariel Mid Cap Value Fund, Investor Class | Empower Bond Index Fund, Investor Class | Empower Conservative Profile Fund,<br> Class L | Empower Conservative Profile Fund, Investor Class | Empower Core Bond Fund, Investor Class | Empower Emerging Markets Equity Fund, Investor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $104323 | $3225 | $259956 | $26515 | $178996 | $153260 | $3999 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 17715 | (271077) | (276643) | 13027 | (46300) | (211526) | (45230) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 413959 | 308824 | 67519 | 150182 | 218945 | 144006 | 97443 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 535997 | 40972 | 50832 | 189724 | 351641 | 85740 | 56212 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 22900 | 80 | 150 | 89018 | 22500 |  |  |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  | (145375) |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (1454271) | (1216884) | (1631131) | (2865216) | (48276) | (609322) | (222614) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1431371) | (1216804) | (1630981) | (2776198) | (171151) | (609322) | (222614) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (895374) | (1175832) | (1580149) | (2586474) | 180490 | (523582) | (166402) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 5530167 | 1175832 | 15841060 | 6251289 | 8089184 | 6704123 | 668602 |
| &nbsp;&nbsp;&nbsp;End of period | $4634793 | $- | $14260911 | $3664815 | $8269674 | $6180541 | $502200 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower Global Bond Fund, Investor Class | Empower Government Money Market Fund, Investor Class | Empower High Yield Bond Fund, Investor Class | Empower Inflation-Protected Securities Fund, Investor Class | Empower International Growth Fund, Investor Class | Empower International Index Fund, Investor Class | Empower International Value Fund, Investor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $28802 | $796681 | $26174 | $8151 | $(839) | $148151 | $31932 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (234737) |  | (11473) | (23760) | 55688 | 292446 | 147074 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 168100 | - | 43202 | 20352 | (13513) | (175985) | (18227) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | (37835) | 796681 | 57903 | 4743 | 41336 | 264612 | 160779 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 22500 | 1059998 |  |  | 1200 | 20040 | 150 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  | (3883680) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (892345) | (43686304) | (190620) | (153392) | (504872) | (1137287) | (669007) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (869845) | (46509986) | (190620) | (153392) | (503672) | (1117247) | (668857) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (907680) | (45713305) | (132717) | (148649) | (462336) | (852635) | (508078) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 2631414 | 45713305 | 1004479 | 484805 | 1230030 | 11317115 | 3808496 |
| &nbsp;&nbsp;&nbsp;End of period | $1723734 | $- | $871762 | $336156 | $767694 | $10464480 | $3300418 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower Large Cap Growth Fund, Investor Class | Empower Large Cap Value Fund, Investor Class | Empower Lifetime 2015 Fund, Investor Class | Empower Lifetime 2020 Fund, Investor Class | Empower Lifetime 2025 Fund, Investor Class | Empower Lifetime 2030 Fund, Investor Class | Empower Lifetime 2035 Fund, Investor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(54561) | $(29026) | $13928 | $1885 | $13418 | $33866 | $5465 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 643949 | 599281 | 13400 | (50731) | (24328) | 33777 | 970 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 864934 | (85731) | 23063 | 93921 | 177198 | 63381 | 93015 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 1454322 | 484524 | 50391 | 45075 | 166288 | 131024 | 99450 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 80 | 2990 |  |  |  |  | 800 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (1174) |  | (46928) |  | (220579) |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (1070405) | (531773) | (78095) | (878277) | (1713158) | (202462) | (1538475) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1071499) | (528783) | (125023) | (878277) | (1933737) | (202462) | (1537675) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 382823 | (44259) | (74632) | (833202) | (1767449) | (71438) | (1438225) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 6270085 | 3563070 | 948184 | 1212553 | 3011243 | 1938621 | 1949100 |
| &nbsp;&nbsp;&nbsp;End of period | $6652908 | $3518811 | $873552 | $379351 | $1243794 | $1867183 | $510875 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower Lifetime 2040 Fund, Investor Class | Empower Lifetime 2045 Fund, Investor Class | Empower Lifetime 2050 Fund, Investor Class | Empower Lifetime 2055 Fund, Investor Class | Empower Mid Cap Value Fund, Investor Class | Empower Moderate Profile Fund,<br> Class L | Empower Moderate Profile Fund, Investor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $5960 | $751 | $10372 | $(1857) | $142358 | $(151767) | $819099 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 7429 | 7611 | 29091 | 23003 | 60624 | 5099120 | 662316 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 23891 | 17086 | 19871 | 14607 | (15643) | 1832480 | 1913122 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 37280 | 25448 | 59334 | 35753 | 187339 | 6779833 | 3394537 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  | 47642 | 300000 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  |  | (95292) | (457878) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 179710 | (239890) | (15131) | (258236) | 494090 | (36630241) | (12780754) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 179710 | (239890) | (15131) | (258236) | 494090 | (36677891) | (12938632) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 216990 | (214442) | 44203 | (222483) | 681429 | (29898058) | (9544095) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 175497 | 344291 | 549824 | 438997 | 1517978 | 115392403 | 54068651 |
| &nbsp;&nbsp;&nbsp;End of period | $392487 | $129849 | $594027 | $216514 | $2199407 | $85494345 | $44524556 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower Moderately Aggressive Profile Fund, Investor Class | Empower Moderately Conservative Profile Fund,<br> Class L | Empower Moderately Conservative Profile Fund, Investor Class | Empower Multi-Sector Bond Fund, Investor Class | Empower Real Estate Index Fund, Investor Class | Empower S&P 500 Index Fund, Investor Class | Empower S&P Mid Cap 400 Index Fund, Investor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $244885 | $89224 | $302370 | $104499 | $50123 | $(60070) | $36519 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (142914) | 177282 | 93522 | (38224) | 16418 | 8793200 | 1490536 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 837860 | 531200 | 572156 | 110042 | 105948 | 9235612 | 147920 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 939831 | 797706 | 968048 | 176317 | 172489 | 17968742 | 1674975 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  | 984 |  | 278580 | 17855 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  | (1382) |  |  | (257578) |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (3138375) | (5297123) | (2410633) | (1090935) | (712438) | (15550191) | (5169660) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (3138375) | (5297123) | (2412015) | (1089951) | (712438) | (15529189) | (5151805) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (2198544) | (4499417) | (1443967) | (913634) | (539949) | 2439553 | (3476830) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 13020455 | 16722631 | 17468915 | 4827484 | 3220283 | 84331754 | 16307325 |
| &nbsp;&nbsp;&nbsp;End of period | $10821911 | $12223214 | $16024948 | $3913850 | $2680334 | $86771307 | $12830495 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower S&P Small Cap 600 Index Fund, Investor Class | Empower SecureFoundation Balanced Fund,<br> Class L | Empower Short Duration Bond Fund, Investor Class | Empower Small Cap Growth Fund, Investor Class | Empower Small Cap Value Fund, Investor Class | Empower T. Rowe Price Mid Cap Growth Fund, Investor Class | Empower U.S. Government Securities Fund, Investor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(1506) | $2132036 | $224302 | $(7027) | $(24212) | $(89561) | $23871 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 463911 | 8031295 | (25072) | 54704 | 220632 | 1242062 | (100396) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 394267 | 3390604 | 34249 | 38818 | 369 | (366895) | 75930 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 856672 | 13553935 | 233479 | 86495 | 196789 | 785606 | (595) |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 67875 | 10000 |  |  | 1200 | 48385 |  |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (1395) | (402490) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (4403627) | (55291227) | (2555609) | (2406550) | (220032) | (3116974) | (583064) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (4337147) | (55683717) | (2555609) | (2406550) | (218832) | (3068589) | (583064) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (3480475) | (42129782) | (2322130) | (2320055) | (22043) | (2282983) | (583659) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 16979476 | 223428662 | 8379779 | 3054400 | 2973824 | 10677833 | 1795686 |
| &nbsp;&nbsp;&nbsp;End of period | $13499001 | $181298880 | $6057649 | $734345 | $2951781 | $8394850 | $1212027 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Federated Hermes High Income Bond Fund II, Service Shares | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Balanced Portfolio, Service <br> Class 2 | Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Government Money Market Portfolio, Initial Class | Fidelity VIP Growth Opportunities Portfolio, Initial Class | Fidelity VIP Growth Portfolio, Initial Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $28243 | $12275 | $343834 | $(16887) | $751052 | $(4084) | $(57601) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (49046) | 22178 | 4034480 | 387550 | 14 | (3416) | 1158452 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 45273 | 48681 | 533357 | 43145 | (14) | 104632 | (95618) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 24470 | 83134 | 4911671 | 413808 | 751052 | 97132 | 1005233 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 693 | 458 | 70000 | 3643 | 3000 |  | 1600 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  | (242) |  | (304) | (308) | (56) | (463) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  | (9084395) |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (412508) | (94037) | (14099770) | (354492) | 38516686 | (17018) | (246085) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (411815) | (93821) | (14029770) | (351153) | 29434983 | (17074) | (244948) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (387345) | (10687) | (9118099) | 62655 | 30186035 | 80058 | 760285 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 671127 | 1198294 | 35435284 | 1434842 | 665747 | 269183 | 3627177 |
| &nbsp;&nbsp;&nbsp;End of period | $283782 | $1187607 | $26317185 | $1497497 | $30851782 | $349241 | $4387462 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP High Income Portfolio, Initial Class | Fidelity VIP Index 500 Portfolio, Initial Class | Fidelity VIP International Capital Appreciation Portfolio, Service <br> Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Initial Class | Fidelity VIP Overseas Portfolio, Initial Class | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | Franklin Income VIP Fund, Class 4 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $5302 | $(1861) | $(6607) | $2767 | $220 | $7418 | $186243 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (1408) | 279805 | 24703 | (3860) | 4881 | (10242) | (196368) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 4481 | 22668 | 157713 | 1664 | (2199) | 37092 | 294969 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 8375 | 300612 | 175809 | 571 | 2902 | 34268 | 284844 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  | 80 | 1395 |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (16) | (122) |  | (64) | (20) |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (8843) | (402031) | (529516) | (5276) | (2082) | (454726) | (1487212) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (8859) | (402153) | (529436) | (3945) | (2102) | (454726) | (1487212) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (484) | (101541) | (353627) | (3374) | 800 | (420458) | (1202368) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 118361 | 1532942 | 2712392 | 133795 | 79124 | 1017272 | 5650965 |
| &nbsp;&nbsp;&nbsp;End of period | $117877 | $1431401 | $2358765 | $130421 | $79924 | $596814 | $4448597 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Invesco V.I. Core Equity Fund,<br> Series II | Invesco V.I. Core Plus Bond Fund,<br> Series II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $422 | $3208 | $(17) | $(390) | $(10212) | $(1005) | $8338 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 32067 | 910 |  | 9128 | 488249 | 19807 | (10409) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 7594 | 10074 | (1251) | 5289 | 75277 | 30946 | 11684 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 40083 | 14192 | (1268) | 14027 | 553314 | 49748 | 9613 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 938 |  |  | 938 |  |  | 1200 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (30) |  |  | (8) |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (4591) | (330100) | 30000 | (834) | (732221) | (1003) | (645276) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (3683) | (330100) | 30000 | 96 | (732221) | (1003) | (644076) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 36400 | (315908) | 28732 | 14123 | (178907) | 48745 | (634463) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 251050 | 642889 | - | 52378 | 2310276 | 206755 | 960658 |
| &nbsp;&nbsp;&nbsp;End of period | $287450 | $326981 | $28732 | $66501 | $2131369 | $255500 | $326195 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. EQV International Equity Fund,<br> Series II | Invesco V.I. Global Real Estate Fund,<br> Series II | Invesco V.I. Growth and Income Fund,<br> Series II | Invesco V.I. International Growth Fund,<br> Series II | Invesco V.I. Main Street Small Cap Fund,<br> Series II | Invesco V.I. Small Cap Equity Fund,<br> Series II | Janus Henderson VIT Balanced Portfolio, Service Shares |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $4249 | $7347 | $7909 | $(5454) | $(20966) | $(621) | $149362 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (37991) | (69136) | 252761 | (69280) | 165341 | 1940 | 1703679 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 29350 | 42684 | 337696 | 74360 | 77081 | 16224 | 417631 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | (4392) | (19105) | 598366 | (374) | 221456 | 17543 | 2270672 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 11250 | 35000 |  | 1525 |  | 132490 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  |  |  | (17443) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (324078) | (313270) | (1605653) | (478439) | (649293) | (41207) | (6065955) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (324078) | (302020) | (1570653) | (478439) | (647768) | (41207) | (5950908) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (328470) | (321125) | (972287) | (478813) | (426312) | (23664) | (3680236) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 951277 | 825263 | 4549569 | 883289 | 2291847 | 126548 | 18887140 |
| &nbsp;&nbsp;&nbsp;End of period | $622807 | $504138 | $3577282 | $404476 | $1865535 | $102884 | $15206904 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Flexible Bond Portfolio, Service Shares | Janus Henderson VIT Mid Cap Value Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Institutional Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Lord Abbett Series Fund Developing Growth Portfolio,<br> Class VC | LVIP American Century Inflation Protection Fund, Service Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(4834) | $46898 | $744 | $(31) | $315 | $(2061) | $19166 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 204031 | (111958) | 9310 | 6948 | 366 | (2707) | (78921) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 663468 | 62799 | 8260 | (3165) | 1059 | 47989 | 63055 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 862665 | (2261) | 18314 | 3752 | 1740 | 43221 | 3300 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 1320 |  |  | 938 |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  | (20) |  | (13) |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (4821) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (2321707) | (583183) | (13708) | (15614) | (131) | (17250) | (362329) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (2325208) | (583203) | (13708) | (14689) | (131) | (17250) | (362329) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (1462543) | (585464) | 4606 | (10937) | 1609 | 25971 | (359029) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 7043062 | 1991892 | 147467 | 87773 | 31453 | 215746 | 915708 |
| &nbsp;&nbsp;&nbsp;End of period | $5580519 | $1406428 | $152073 | $76836 | $33062 | $241717 | $556679 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | LVIP American Century Mid Cap Value Fund, Service Class | LVIP American Century Value Fund, Service Class | LVIP JPMorgan Small Cap Core Fund, Service Class | LVIP Nomura U.S. REIT Fund, Service Class | MFS VIT II Blended Research Core Equity Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II Technology Portfolio, Service Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $53922 | $105139 | $(1431) | $3069 | $7258 | $(803) | $(104285) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2179 | 883641 | (6780) | 36071 | 521057 | (3776) | 896818 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 255525 | (344673) | 41436 | (3017) | 170077 | 25831 | 3019449 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 311626 | 644107 | 33225 | 36123 | 698392 | 21252 | 3811982 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 396 | 5000 |  |  |  |  | 13020 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  | (1536) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (1772125) | (6045704) | (85091) | (694720) | (485406) | (98524) | (1681928) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1771729) | (6042240) | (85091) | (694720) | (485406) | (98524) | (1668908) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (1460103) | (5398133) | (51866) | (658597) | 212986 | (77272) | 2143074 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 5010397 | 10411545 | 349735 | 951666 | 2746422 | 337288 | 10949831 |
| &nbsp;&nbsp;&nbsp;End of period | $3550294 | $5013412 | $297869 | $293069 | $2959408 | $260016 | $13092905 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | Neuberger Berman AMT Quality Equity Portfolio,<br> Class S | Nomura VIP Emerging Markets Series, Service Class | Nomura VIP Energy Series, Service Class | Nomura VIP International Core Equity Series, Service Class | Nomura VIP Small Cap Value Series, Service Class | NVIT Fidelity Institutional AM Emerging Markets Fund,<br> Class D |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $4956 | $(11958) | $19422 | $30490 | $972 | $2097 | $(25) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (47498) | 156323 | 23051 | (29274) | 903 | 108225 | 138 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 125642 | 130159 | 41796 | (86838) | (1219) | 52703 | 1957 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 83100 | 274524 | 84269 | (85622) | 656 | 163025 | 2070 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  | 22700 | 20000 |  | 80 |  |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  | (12) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (323092) | (463918) | (990058) | (320400) | 125085 | (514616) | (1788) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (323092) | (463918) | (967358) | (300400) | 125085 | (514536) | (1800) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (239992) | (189394) | (883089) | (386022) | 125741 | (351511) | 270 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 2222257 | 1336471 | 2011370 | 1626096 | - | 1807223 | 44730 |
| &nbsp;&nbsp;&nbsp;End of period | $1982265 | $1147077 | $1128281 | $1240074 | $125741 | $1455712 | $45000 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | PIMCO VIT<br> CommodityRealReturn Strategy<br> Portfolio, Advisor<br> Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | Putnam VT Core Equity Fund,<br> Class IB |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $18515 | $12811 | $108742 | $29677 | $155033 | $379849 | $(3199) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (610901) | (42997) | (86528) | (79450) | 6735 | (459245) | 142110 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 655660 | (29327) | 97142 | 77809 | 27779 | 308001 | 230470 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 63274 | (59513) | 119356 | 28036 | 189547 | 228605 | 369381 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 13750 |  |  |  |  | 495 |  |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (1976921) | (393095) | (1141481) | (124458) | (976994) | 3174588 | (81951) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1963171) | (393095) | (1141481) | (124458) | (976994) | 3175083 | (81951) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (1899897) | (452608) | (1022125) | (96422) | (787447) | 3403688 | 287430 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 3130615 | 1056845 | 4172752 | 1425227 | 4403883 | 8204159 | 1380441 |
| &nbsp;&nbsp;&nbsp;End of period | $1230718 | $604237 | $3150627 | $1328805 | $3616436 | $11607847 | $1667871 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Putnam VT Emerging Markets Equity Fund,<br> Class IB | Putnam VT Focused International Equity Fund,<br> Class IB | Putnam VT Global Asset Allocation Fund,<br> Class IB | Putnam VT Income Fund,<br> Class IB | Putnam VT International Equity Fund,<br> Class IB | Putnam VT International Value Fund,<br> Class IB | Putnam VT Large Cap Growth Fund,<br> Class IB |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $63 | $2695 | $11415 | $106490 | $3720 | $3016 | $(74460) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 8 | (76733) | 39015 | (417675) | (2943) | 14486 | 778745 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 4905 | 88058 | 121609 | 349705 | 5823 | (9759) | 1609905 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 4976 | 14020 | 172039 | 38520 | 6600 | 7743 | 2314190 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  | 594 |  |  | 26025 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | - | (257073) | (221404) | (849684) | (45104) | (96354) | (1035330) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | - | (257073) | (221404) | (849090) | (45104) | (96354) | (1009305) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 4976 | (243053) | (49365) | (810570) | (38504) | (88611) | 1304885 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 35082 | 754905 | 1207532 | 2258615 | 315011 | 194854 | 7522170 |
| &nbsp;&nbsp;&nbsp;End of period | $40058 | $511852 | $1158167 | $1448045 | $276507 | $106243 | $8827055 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Putnam VT Large Cap Value Fund,<br> Class IB | Putnam VT Mortgage Securities Fund,<br> Class IB | Putnam VT Research Fund,<br> Class IB | Putnam VT Small Cap Growth Fund,<br> Class IB | Putnam VT Small Cap Value Fund,<br> Class IB | T. Rowe Price Blue Chip Growth Portfolio,<br> Class II | T. Rowe Price Health Sciences Portfolio,<br> Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $1123 | $6395 | $(2710) | $(3707) | $577 | $(263581) | $(70136) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 79934 | (1639) | 46782 | 25205 | (227) | 5627637 | 1270552 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 77524 | (431) | 74577 | 49546 | 26822 | 4033281 | (983780) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 158581 | 4325 | 118649 | 71044 | 27172 | 9397337 | 216636 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  | 15080 | 6005 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  |  | (5204) | (3654) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (129837) | (1588) | (130839) | (107793) | (127429) | (10735720) | (3312002) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (129837) | (1588) | (130839) | (107793) | (127429) | (10725844) | (3309651) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 28744 | 2737 | (12190) | (36749) | (100257) | (1328507) | (3093015) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 899666 | 106101 | 566815 | 326412 | 666558 | 32348454 | 9033468 |
| &nbsp;&nbsp;&nbsp;End of period | $928410 | $108838 | $554625 | $289663 | $566301 | $31019947 | $5940453 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Continued)

See accompanying notes to financial statements.

**VARIABLE ANNUITY-2 SERIES ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | |
|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | VanEck VIP Emerging Markets Fund, Initial Class | VanEck VIP Global Resources Fund,<br> Class S | VanEck VIP Global Resources Fund, Initial Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |
| OPERATIONS: |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $412 | $6890 | $2121 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (10225) | 4271 | 27963 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 11375 | (39118) | (29720) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 1562 | (27957) | 364 |
| CONTRACT TRANSACTIONS: |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 11250 |  |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (6) |  | (4) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (35866) | (688359) | (145646) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (35872) | (677109) | (145650) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (34310) | (705066) | (145286) |
| NET ASSETS: |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 78562 | 1091956 | 204834 |
| &nbsp;&nbsp;&nbsp;End of period | $44252 | $386890 | $59548 |

---

Note: Totals may not appear to foot/crossfoot due to rounding.

Note 2: See note 1, Organization, for periods presented, if applicable.

(Concluded)

See accompanying notes to financial statements.

VARIABLE ANNUITY-2 SERIES ACCOUNT

NOTES TO FINANCIAL STATEMENTS<br> YEAR ENDED DECEMBER 31, 2025

1. ORGANIZATION

Effective August 1, 2022, Great West Life & Annuity Insurance Company is now known as Empower Annuity Insurance Company of America (the Company). The Variable Annuity-2 Series Account (the Separate Account), a separate account of the Company is registered as a unit investment trust under the Investment Company Act of 1940, as amended, and exists in accordance with regulations of the Colorado Division of Insurance. It was established to receive and invest premium payments under individual variable annuity Contracts issued by the Company.

Under applicable insurance law, the assets and liabilities of the Separate Account are clearly identified and distinguished from the Company's other assets and liabilities. The portion of the Separate Account's assets applicable to the variable annuity contracts (the "Contracts") is not chargeable with liabilities arising out of any other business the Company may conduct.

The Separate Account is a funding vehicle for individual variable annuity Contracts; it consists of a number of subaccounts (the "Subaccounts"), also commonly referred to as investment divisions or funds, each of which is treated as an individual accounting entity for financial reporting purposes. The Separate Account's value at any time is allocated among Contract owners based on the number and value of their accumulation units representing their interest in the Subaccounts of the Separate Account; all of the investible assets of the Separate Account are invested in the corresponding mutual funds.

The Separate Account has identified the Chief Product Officer – Retirement Division as the chief operating decision maker ("CODM"). The Separate Account is comprised of multiple Subaccounts, each of which constitutes an operating segment. The CODM uses significant performance measures of the Subaccounts, such as the total return ratio, investment income ratio, and expense ratio to make operational decisions for the Separate Account. Segment assets are reflected on the Statements of Assets and Liabilities as Total assets, and significant segment expenses are listed on the Statements of Operations.

Contract owners' net payments are allocated to the Subaccounts in accordance with Contract owner instructions and are recorded as Contract owners' net payments in the Statements of Changes in Net Assets. Such amounts are used to provide account funds to pay Contract values under the Contracts.

The following is a list of the variable annuity products funded by the Separate Account:

Smart Track

Smart Track Advisor

Smart Track II

Smart Track II- 5 Year

Varifund

Varifund Advisor

Varifund Plus

For the years or periods ended December 31, 2025 and 2024, the Separate Account offered up to 159 available Subaccount investment options, as follows:

Alger Capital Appreciation Portfolio, Class I-2

Alger Large Cap Growth Portfolio, Class I-2

Alger Mid Cap Growth Portfolio, Class I-2

Alger Small Cap Growth Portfolio, Class I-2

ALPS Alerian Energy Infrastructure Portfolio, Class III

ALPS Global Opportunity Portfolio, Class III

American Funds IS Capital World Growth and Income Fund, Class 4

American Funds IS Growth Fund, Class 4

American Funds IS Growth-Income Fund, Class 4

American Funds IS International Fund, Class 4

American Funds IS New World Fund, Class 4

American Funds IS Washington Mutual Investors Fund, Class 4

BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III

BlackRock Global Allocation V.I. Fund, Class III

BlackRock High Yield V.I. Fund, Class III

BNY Mellon IP Technology Growth Portfolio, Service Shares

BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares

BNY Mellon VIF Appreciation Portfolio, Initial Shares

BNY Mellon VIF Appreciation Portfolio, Service Shares

BNY Mellon VIF Growth and Income Portfolio, Initial Shares

ClearBridge Variable Large Cap Growth Portfolio, Class II

ClearBridge Variable Mid Cap Portfolio, Class II

ClearBridge Variable Small Cap Growth Portfolio, Class II

Columbia VP Select Small Cap Value Fund, Class 2

Columbia VP Seligman Global Technology Fund, Class 1

Columbia VP Seligman Global Technology Fund, Class 2

Columbia VP Small Cap Value Fund, Class 2

Columbia VP Strategic Income Fund, Class 2

Delaware VIP International Series, Service Class<sup>(a)</sup>

Dimensional VA Equity Allocation Portfolio, Institutional

Dimensional VA Global Bond Portfolio, Institutional

Dimensional VA Global Moderate Allocation Portfolio, Institutional

Dimensional VA International Small Portfolio, Institutional

Dimensional VA International Value Portfolio, Institutional

Dimensional VA Short-Term Fixed Portfolio, Institutional

Dimensional VA US Large Value Portfolio, Institutional

Dimensional VA US Targeted Value Portfolio, Institutional

DWS Capital Growth VIP, Class B<sup>(a)</sup>

DWS CROCI U.S. VIP, Class B<sup>(a)</sup>

DWS Global Small Cap VIP, Class B<sup>(a)</sup>

DWS Small Mid Cap Value VIP, Class B

Eaton Vance VT Floating-Rate Income Fund, Initial Class

Empower Aggressive Profile Fund, Investor Class

Empower Ariel Mid Cap Value Fund, Investor Class<sup>(a)</sup>

Empower Bond Index Fund, Investor Class

Empower Conservative Profile Fund, Class L

Empower Conservative Profile Fund, Investor Class

Empower Core Bond Fund, Investor Class

Empower Emerging Markets Equity Fund, Investor Class

Empower Global Bond Fund, Investor Class

Empower Government Money Market Fund, Investor Class<sup>(a)</sup>

Empower High Yield Bond Fund, Investor Class

Empower Inflation-Protected Securities Fund, Investor Class

Empower International Growth Fund, Investor Class

Empower International Index Fund, Investor Class

Empower International Value Fund, Investor Class

Empower Large Cap Growth Fund, Investor Class

Empower Large Cap Value Fund, Investor Class

Empower Lifetime 2015 Fund, Investor Class

Empower Lifetime 2020 Fund, Investor Class

Empower Lifetime 2025 Fund, Investor Class

Empower Lifetime 2030 Fund, Investor Class

Empower Lifetime 2035 Fund, Investor Class

Empower Lifetime 2040 Fund, Investor Class

Empower Lifetime 2045 Fund, Investor Class

Empower Lifetime 2050 Fund, Investor Class

Empower Lifetime 2055 Fund, Investor Class

Empower Mid Cap Value Fund, Investor Class

Empower Moderate Profile Fund, Class L

Empower Moderate Profile Fund, Investor Class

Empower Moderately Aggressive Profile Fund, Investor Class

Empower Moderately Conservative Profile Fund, Class L

Empower Moderately Conservative Profile Fund, Investor Class

Empower Multi-Sector Bond Fund, Investor Class

Empower Real Estate Index Fund, Investor Class

Empower S&P 500 Index Fund, Investor Class

Empower S&P Mid Cap 400 Index Fund, Investor Class

Empower S&P Small Cap 600 Index Fund, Investor Class

Empower SecureFoundation Balanced Fund, Class L

Empower Short Duration Bond Fund, Investor Class

Empower Small Cap Growth Fund, Investor Class

Empower Small Cap Value Fund, Investor Class

Empower T. Rowe Price Mid Cap Growth Fund, Investor Class

Empower U.S. Government Securities Fund, Investor Class

Federated Hermes High Income Bond Fund II, Service Shares

Fidelity VIP Asset Manager 50% Portfolio, Initial Class<sup>(a)</sup>

Fidelity VIP Balanced Portfolio, Service Class 2

Fidelity VIP Contrafund Portfolio, Initial Class

Fidelity VIP Government Money Market Portfolio, Initial Class

Fidelity VIP Growth Opportunities Portfolio, Initial Class

Fidelity VIP Growth Portfolio, Initial Class

Fidelity VIP High Income Portfolio, Initial Class

Fidelity VIP Index 500 Portfolio, Initial Class

Fidelity VIP International Capital Appreciation Portfolio, Service Class 2

Fidelity VIP Investment Grade Bond Portfolio, Initial Class

Fidelity VIP Overseas Portfolio, Initial Class

First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I

Franklin Income VIP Fund, Class 4

Goldman Sachs VIT Large Cap Value Fund, Institutional Class

Goldman Sachs VIT Multi-Strategy Alternatives Portfolio<sup>(a)</sup>

Goldman Sachs VIT Strategic Growth Fund, Institutional Class

Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class

Goldman Sachs VIT U.S. Equity Insights Fund, Service Class

Invesco V.I. Core Equity Fund, Series II

Invesco V.I. Core Plus Bond Fund, Series II

Invesco V.I. EQV International Equity Fund, Series II

Invesco V.I. Global Real Estate Fund, Series II

Invesco V.I. Growth and Income Fund, Series II

Invesco V.I. International Growth Fund, Series II

Invesco V.I. Main Street Small Cap Fund, Series II

Invesco V.I. Small Cap Equity Fund, Series II

Janus Henderson VIT Balanced Portfolio, Service Shares

Janus Henderson VIT Enterprise Portfolio, Service Shares

Janus Henderson VIT Flexible Bond Portfolio, Service Shares

Janus Henderson VIT Mid Cap Value Portfolio, Service Shares

Janus Henderson VIT Overseas Portfolio, Institutional Shares

Janus Henderson VIT Overseas Portfolio, Service Shares

Lazard Retirement US Small Cap Equity Select Portfolio, Service Shares \*

Lord Abbett Series Fund Developing Growth Portfolio, Class VC

LVIP American Century Inflation Protection Fund, Service Class<sup>(a)</sup>

LVIP American Century Mid Cap Value Fund, Service Class<sup>(a)</sup>

 

LVIP American Century Value Fund, Service Class<sup>(a)</sup>

LVIP JPMorgan Small Cap Core Fund, Service Class

LVIP Nomura U.S. REIT Fund, Service Class<sup>(a)</sup>

MFS VIT II Blended Research Core Equity Portfolio, Service Class

MFS VIT II International Growth Portfolio, Service Class

MFS VIT II Technology Portfolio, Service Class

MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class

Morgan Stanley VIF Discovery Portfolio, Class II \*

Neuberger Berman AMT Quality Equity Portfolio, Class S<sup>(a)</sup>

Nomura VIP Emerging Markets Series, Service Class<sup>(a)</sup>

Nomura VIP Energy Series, Service Class<sup>(a)</sup>

Nomura VIP International Core Equity Series, Service Class<sup>(a)</sup>

Nomura VIP Small Cap Value Series, Service Class<sup>(a)</sup>

NVIT Fidelity Institutional AM Emerging Markets Fund, Class D<sup>(a)</sup>

PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class

PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class

PIMCO VIT Low Duration Portfolio, Advisor Class

PIMCO VIT Real Return Portfolio, Advisor Class

PIMCO VIT Short-Term Portfolio, Advisor Class

PIMCO VIT Total Return Portfolio, Advisor Class

Putnam VT Core Equity Fund, Class IB

Putnam VT Emerging Markets Equity Fund, Class IB

Putnam VT Focused International Equity Fund, Class IB

Putnam VT Global Asset Allocation Fund, Class IB

Putnam VT Income Fund, Class IB

Putnam VT International Equity Fund, Class IB

Putnam VT International Value Fund, Class IB

Putnam VT Large Cap Growth Fund, Class IB

Putnam VT Large Cap Value Fund, Class IB

Putnam VT Mortgage Securities Fund, Class IB

Putnam VT Research Fund, Class IB

Putnam VT Small Cap Growth Fund, Class IB

Putnam VT Small Cap Value Fund, Class IB

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Blue Chip Growth Portfolio, Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Health Sciences Portfolio, Class II

VanEck VIP Emerging Markets Fund, Initial Class

VanEck VIP Global Resources Fund, Class S

VanEck VIP Global Resources Fund, Initial Class

\* Contract owners held no investments in this Subaccount during 2025 or 2024. As such, no financial statements or notes are presented for this Subaccount

<sup>(a)</sup> See Subaccount Changes table below

<u>Subaccount Changes: Liquidations</u>

During 2025 and 2024, the following Subaccounts were liquidated:

---

| | |
|:---|:---|
| <u>Subaccount Name</u> | <u>Date of Liquidation</u> |
| DWS Capital Growth VIP, Class B | June 17, 2024 |
| DWS CROCI U.S. VIP, Class B | June 17, 2024 |
| DWS Global Small Cap VIP, Class B | June 17, 2024 |
| Empower Government Money Market Fund, Investor Class | June 14, 2024 |
| Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | April 11, 2025 |

---

<u>Subaccount Changes: Mergers</u> 

During 2024, the following Subaccounts were merged:

---

| | | |
|:---|:---|:---|
| <u>Original Subaccount</u> | <u>Merged Into</u> | <u>Date of Merger</u> |
| Delaware VIP International Series, Service Class | Delaware Ivy VIP International Core Equity Series, Service Class | April 26, 2024  |
| Empower Ariel Mid Cap Value Fund, Investor Class | Empower Mid Cap Value Fund, Investor Class | October 25, 2024 |

---

<u>Subaccount Changes: Subaccounts Reorganizations</u>

During 2024, the following Subaccounts were reorganized:

---

| | | |
|:---|:---|:---|
| <u>Previous Name</u> | <u>New Name</u> | <u>Date of Reorganization</u> |
| American Century Investments VP Inflation Protection Fund, Class II | LVIP American Century Inflation Protection Fund, Service Class | April 26, 2024 |
| American Century Investments VP Mid Cap Value Fund, Class II | LVIP American Century Mid Cap Value Fund, Service Class | April 26, 2024 |
| American Century Investments VP Value Fund, Class I | LVIP American Century Value Fund, Service Class | April 26, 2024 |

---

<u>Subaccount Changes: Name Changes</u> 

During 2025 and 2024, the following Subaccounts changed their names:

---

| | | |
|:---|:---|:---|
| <u>Previous Name</u> | <u>New Name</u> | <u>Date of Change</u> |
| Fidelity VIP Asset Manager Portfolio, Initial Class | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | April 30, 2025 |
| LVIP Delaware US REIT Fund, Service Class | LVIP Macquarie US REIT Fund, Service Class | May 1, 2024 |
| LVIP Macquarie US REIT Fund, Service Class | LVIP Nomura U.S. REIT Fund, Service Class | December 1, 2025 |
| Delaware VIP Emerging Markets, Service Class | Macquarie VIP Emerging Markets, Service Class | May 1, 2024 |
| Delaware Ivy VIP Energy, Class II | Macquarie VIP Energy, Service Class | May 1, 2024 |
| Delaware Ivy VIP International Core Equity Series, Service Class | Macquarie VIP International Core Equity Series, Service Class | May 1, 2024 |
| Delaware VIP Small Cap Value Series, Service Class | Macquarie VIP Small Cap Value Series, Service Class | May 1, 2024 |
| Neuberger Berman AMT Sustainable Equity Portfolio, Class S | Neuberger Berman AMT Quality Equity Portfolio, Class S | July 28, 2025 |
| Macquarie VIP Emerging Markets Series, Service Class | Nomura VIP Emerging Markets Series, Service Class | December 1, 2025 |
| Macquarie VIP Energy Series, Service Class | Nomura VIP Energy Series, Service Class | December 1, 2025 |
| Macquarie VIP International Core Equity Series, Service Class | Nomura VIP International Core Equity Series, Service Class | December 1, 2025 |
| Macquarie VIP Small Cap Value Series, Service Class | Nomura VIP Small Cap Value Series, Service Class | December 1, 2025 |
| NVIT Emerging Markets Fund, Class D | NVIT Fidelity Institutional AM Emerging Markets Fund, Class D | March 3, 2025 |

---

<u>Subaccount Changes: Trading Commencements</u> 

During 2024, the following Subaccounts commenced trading:

<u>Subaccount Name</u> <u>Date Trading Commenced</u> <br> Nomura VIP International Core Equity Series, Service Class April 26, 2024

The financial statements are presented based on the periods noted in the above Subaccount Changes tables which may result in the exclusion from certain financial statements.

Each product within the Separate Account is unique; as such, all Subaccounts available for investment within the Separate Account may not be available for investment under each product.

The Separate Account is an investment company and, therefore, applies specialized accounting guidance in accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 "Financial Services — Investment Companies".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of the significant accounting policies of the Separate Account.

<u>Investment valuation</u>

Investments are made and measured in shares and are presented net of management fees and other operating expenses incurred by the Subaccounts. The investments are valued at the net asset values of the mutual funds, which value their investment securities at fair value. Transactions with the mutual funds are recognized on the trade date.

The Separate Account classifies its valuations into three levels based upon the observability of inputs to the valuation of the Separate Account's investments. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels:

Level 1 – Unadjusted quoted prices for identical securities in active markets.

Level 2 – Inputs other than quoted prices included in Level 1 that are observable either directly or indirectly. These may include quoted prices for similar assets in active markets.

Level 3 – Unobservable inputs to the extent observable inputs are not available and may include prices obtained from single broker quotes. Unobservable inputs reflect the reporting entity's own assumptions and would be based on the best information available under the circumstances.

The Separate Account determines the fair values of certain financial assets based on quoted market prices. All of the investments in the Subaccounts of the Separate Account are classified as Level 1 in the fair value hierarchy and consist of open-ended mutual funds. Participants may, without restriction, transact at the daily net asset value ("NAV") of the mutual funds. The NAV represents the daily per share value based on the fair value of the underlying portfolio of investments of the respective Subaccounts.

<u>Receivable from dividends</u>

Receivable from dividends include dividends declared by the fund managers that have not yet been reinvested in accordance with the Subaccounts' designated reinvestment dates.

<u>Receivables and payables from (to) the Contracts and the fund manager</u>

Receivables and payables from (to) the Contracts and the fund manager include trading activity initiated at the Contract level from the last business day of the year that has not yet been settled with the fund manager.

<u>Receivables and payables from (to) the Company</u>

Receivables and payables from (to) the Company include accruals for the variance between investments and reserves applicable to the Subaccount.

<u>Contracts in the annuity payout period</u>

Net assets allocated to Contracts in the annuity period are computed according to the Annuity 2000 Mortality Table with an assumed investment return of 5%. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Separate Account by the Company to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the Company for the calculated or excess differential. Any adjustments to these amounts are reflected in net transfers (to) from the Company and/or Subaccounts on the Statements of Changes in Net Assets of the applicable Subaccounts.

<u>Dividend income and capital gain distributions</u>

Dividend income and capital gain distributions are recorded on the ex-dividend date and are reinvested in additional shares of the mutual funds. Ordinary dividend and capital gain distributions are recognized within net investment income and net realized gains, respectively, as recorded in the financial statements of the Subaccounts.

<u>Net realized gains and losses</u>

Net realized gains and losses on investments include gains and losses on redemptions of the Subaccounts' shares (determined for each product using the first-in-first-out (FIFO) basis) and capital gain distributions from the mutual funds.

<u>Net transfers (to) from the Company and/or Subaccounts</u>

Net transfers (to) from the Company and/or Subaccounts include transfers between the Subaccounts of the Separate Account as well as transfers between the Separate Account and the Company.

<u>Federal income taxes</u>

The results of the operations of the Separate Account are included in the federal income tax return of the Company. Under the provisions of the Contracts, the Company has the right to charge the Separate Account for federal income tax attributable to the Separate Account. No charge has been made against the Separate Account for such tax during the year ended December 31, 2025. Management will periodically review the application of this policy in the event of changes in tax law. Accordingly, a change may be made in future years to consider charges for any federal income taxes that would be attributable to the Contracts.

<u>Use of estimates</u>

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that could affect the reported amounts of assets and liabilities, as well as the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from the estimates reported in the accompanying financial statements.

<u>Risks and uncertainties</u> 

The Separate Account provides for various investment options in any combination of Subaccounts, each of which bears exposure to the market, credit, and liquidity risks of the underlying portfolio in which it invests. Due to the level of risk associated with certain investments and the level of uncertainty related to changes in the value of investments, it is at least reasonably possible that changes in risks in the near term could materially affect investment balances, the amounts reported in the statements of assets and liabilities, of operations and of changes in net assets. Accordingly, these financial statements should be read in conjunction with the financial statements and notes of the underlying Subaccounts identified in note 1, Organization.

3. PURCHASES
AND SALES OF INVESTMENTS

The cost of purchases and proceeds from sales of investments for the year or period ended (as designated in note 1, Organization, if applicable) December 31, 2025 were as follows:

---

| | | |
|:---|:---|:---|
| Subaccount | Purchases | Sales |
| Alger Capital Appreciation Portfolio, Class I-2 | $375545 | $308074 |
| Alger Large Cap Growth Portfolio, Class I-2 | 215050 | 201659 |
| Alger Mid Cap Growth Portfolio, Class I-2 | 65988 | 255176 |
| Alger Small Cap Growth Portfolio, Class I-2 | 23991 | 36575 |
| ALPS Alerian Energy Infrastructure Portfolio, Class III | 219039 | 508098 |
| ALPS Global Opportunity Portfolio, Class III | 67914 | 149972 |
| American Funds IS Capital World Growth and Income Fund, Class 4 | 389186 | 790819 |
| American Funds IS Growth Fund, Class 4 | 8301646 | 8069655 |
| American Funds IS Growth-Income Fund, Class 4 | 1587153 | 1296788 |
| American Funds IS International Fund, Class 4 | 112634 | 596563 |
| American Funds IS New World Fund, Class 4 | 230434 | 602913 |
| American Funds IS Washington Mutual Investors Fund, Class 4 | 950310 | 1108364 |
| BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | 66387 | 6549 |
| BlackRock Global Allocation V.I. Fund, Class III | 501223 | 900750 |
| BlackRock High Yield V.I. Fund, Class III | 2523667 | 3352502 |
| BNY Mellon IP Technology Growth Portfolio, Service Shares | 205002 | 8774 |
| BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares | 44795 | 26076 |
| BNY Mellon VIF Appreciation Portfolio, Initial Shares | 29374 | 11638 |
| BNY Mellon VIF Appreciation Portfolio, Service Shares | 118402 | 234965 |
| BNY Mellon VIF Growth and Income Portfolio, Initial Shares | 35584 | 38165 |
| ClearBridge Variable Large Cap Growth Portfolio, Class II | 285128 | 1010351 |
| ClearBridge Variable Mid Cap Portfolio, Class II | 42934 | 78932 |
| ClearBridge Variable Small Cap Growth Portfolio, Class II | 217945 | 513068 |
| Columbia VP Select Small Cap Value Fund, Class 2 | 9079 | 17412 |
| Columbia VP Seligman Global Technology Fund, Class 1 | 843998 | 1467691 |
| Columbia VP Seligman Global Technology Fund, Class 2 | 44355 | 96751 |
| Columbia VP Small Cap Value Fund, Class 2 | 5212 | 81 |
| Columbia VP Strategic Income Fund, Class 2 | 440387 | 459748 |
| Dimensional VA Equity Allocation Portfolio, Institutional | 32774 | 6512 |
| Dimensional VA Global Bond Portfolio, Institutional | 2329 | 233 |
| Dimensional VA Global Moderate Allocation Portfolio, Institutional | 39661 | 1035034 |
| Dimensional VA International Small Portfolio, Institutional | 55978 | 271050 |
| Dimensional VA International Value Portfolio, Institutional | 75023 | 422007 |
| Dimensional VA Short-Term Fixed Portfolio, Institutional | 139679 | 6520 |
| Dimensional VA US Large Value Portfolio, Institutional | 379594 | 902262 |
| Dimensional VA US Targeted Value Portfolio, Institutional | 185561 | 453244 |
| DWS Small Mid Cap Value VIP, Class B | 36636 | 794 |
| Eaton Vance VT Floating-Rate Income Fund, Initial Class | 374462 | 1100543 |
| Empower Aggressive Profile Fund, Investor Class | 518147 | 1013594 |
| Empower Bond Index Fund, Investor Class | 1921555 | 4718115 |
| Empower Conservative Profile Fund, Class L | 1807708 | 1877916 |
| Empower Conservative Profile Fund, Investor Class | 1405081 | 1876598 |
| Empower Core Bond Fund, Investor Class | 4005718 | 977288 |
| Empower Emerging Markets Equity Fund, Investor Class | 24724 | 248105 |
| Empower Global Bond Fund, Investor Class | 117324 | 489333 |

---

---

| | | |
|:---|:---|:---|
| Subaccount | Purchases | Sales |
| Empower High Yield Bond Fund, Investor Class | $1293162 | $1618928 |
| Empower Inflation-Protected Securities Fund, Investor Class | 10170 | 100684 |
| Empower International Growth Fund, Investor Class | 39578 | 149661 |
| Empower International Index Fund, Investor Class | 622582 | 3507647 |
| Empower International Value Fund, Investor Class | 865147 | 1133122 |
| Empower Large Cap Growth Fund, Investor Class | 2012456 | 1833820 |
| Empower Large Cap Value Fund, Investor Class | 94111 | 763466 |
| Empower Lifetime 2015 Fund, Investor Class | 66002 | 75089 |
| Empower Lifetime 2020 Fund, Investor Class | 17518 | 15352 |
| Empower Lifetime 2025 Fund, Investor Class | 55914 | 48654 |
| Empower Lifetime 2030 Fund, Investor Class | 84272 | 187109 |
| Empower Lifetime 2035 Fund, Investor Class | 23873 | 9745 |
| Empower Lifetime 2040 Fund, Investor Class | 20963 | 5761 |
| Empower Lifetime 2045 Fund, Investor Class | 6104 | 10704 |
| Empower Lifetime 2050 Fund, Investor Class | 36432 | 35047 |
| Empower Lifetime 2055 Fund, Investor Class | 6966 | 24345 |
| Empower Mid Cap Value Fund, Investor Class | 313927 | 364025 |
| Empower Moderate Profile Fund, Class L | 4093448 | 22548007 |
| Empower Moderate Profile Fund, Investor Class | 3059509 | 7798408 |
| Empower Moderately Aggressive Profile Fund, Investor Class | 1353001 | 2366757 |
| Empower Moderately Conservative Profile Fund, Class L | 2338853 | 4877057 |
| Empower Moderately Conservative Profile Fund, Investor Class | 793396 | 3323974 |
| Empower Multi-Sector Bond Fund, Investor Class | 951644 | 671720 |
| Empower Real Estate Index Fund, Investor Class | 221147 | 390441 |
| Empower S&P 500 Index Fund, Investor Class | 5511860 | 16082070 |
| Empower S&P Mid Cap 400 Index Fund, Investor Class | 1796548 | 2114790 |
| Empower S&P Small Cap 600 Index Fund, Investor Class | 1364263 | 2429989 |
| Empower SecureFoundation Balanced Fund, Class L | 8931237 | 42749980 |
| Empower Short Duration Bond Fund, Investor Class | 371413 | 2727563 |
| Empower Small Cap Growth Fund, Investor Class | 59751 | 196396 |
| Empower Small Cap Value Fund, Investor Class | 154052 | 483812 |
| Empower T. Rowe Price Mid Cap Growth Fund, Investor Class | 233008 | 1998339 |
| Empower U.S. Government Securities Fund, Investor Class | 538185 | 314102 |
| Federated Hermes High Income Bond Fund II, Service Shares | 104391 | 145934 |
| Fidelity VIP Asset Manager 50% Portfolio, Initial Class | 91601 | 311862 |
| Fidelity VIP Balanced Portfolio, Service Class 2 | 1965784 | 9744227 |
| Fidelity VIP Contrafund Portfolio, Initial Class | 261729 | 393254 |
| Fidelity VIP Government Money Market Portfolio, Initial Class | 35462726 | 43526763 |
| Fidelity VIP Growth Opportunities Portfolio, Initial Class | 5711 | 34933 |
| Fidelity VIP Growth Portfolio, Initial Class | 576515 | 429251 |
| Fidelity VIP High Income Portfolio, Initial Class | 7846 | 5225 |
| Fidelity VIP Index 500 Portfolio, Initial Class | 25735 | 104725 |
| Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | 2667336 | 812464 |
| Fidelity VIP Investment Grade Bond Portfolio, Initial Class | 6508 | 8719 |
| Fidelity VIP Overseas Portfolio, Initial Class | 72743 | 27024 |
| First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | 61351 | 153005 |
| Franklin Income VIP Fund, Class 4 | 454311 | 1093999 |
| Goldman Sachs VIT Large Cap Value Fund, Institutional Class | 46197 | 5763 |
| Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | 8 | 324539 |

---

---

| | | |
|:---|:---|:---|
| Subaccount | Purchases | Sales |
| Goldman Sachs VIT Strategic Growth Fund, Institutional Class | $2468 | $34145 |
| Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | 10947 | 1935 |
| Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | 573068 | 1413058 |
| Invesco V.I. Core Equity Fund, Series II | 9229 | 156936 |
| Invesco V.I. Core Plus Bond Fund, Series II | 10865 | 132842 |
| Invesco V.I. EQV International Equity Fund, Series II | 33725 | 294976 |
| Invesco V.I. Global Real Estate Fund, Series II | 39888 | 204473 |
| Invesco V.I. Growth and Income Fund, Series II | 250813 | 1097986 |
| Invesco V.I. International Growth Fund, Series II | 32447 | 87039 |
| Invesco V.I. Main Street Small Cap Fund, Series II | 220285 | 407901 |
| Invesco V.I. Small Cap Equity Fund, Series II | 5172 | 2618 |
| Janus Henderson VIT Balanced Portfolio, Service Shares | 762457 | 2446861 |
| Janus Henderson VIT Enterprise Portfolio, Service Shares | 564789 | 2359567 |
| Janus Henderson VIT Flexible Bond Portfolio, Service Shares | 155263 | 233522 |
| Janus Henderson VIT Mid Cap Value Portfolio, Service Shares | 16171 | 4565 |
| Janus Henderson VIT Overseas Portfolio, Institutional Shares | 2326 | 2857 |
| Janus Henderson VIT Overseas Portfolio, Service Shares | 480 | 2209 |
| Lord Abbett Series Fund Developing Growth Portfolio, Class VC | 448 | 16266 |
| LVIP American Century Inflation Protection Fund, Service Class | 28095 | 263309 |
| LVIP American Century Mid Cap Value Fund, Service Class | 387287 | 754915 |
| LVIP American Century Value Fund, Service Class | 435757 | 1013553 |
| LVIP JPMorgan Small Cap Core Fund, Service Class | 34353 | 27541 |
| LVIP Nomura U.S. REIT Fund, Service Class | 5915 | 74239 |
| MFS VIT II Blended Research Core Equity Portfolio, Service Class | 658595 | 291513 |
| MFS VIT II International Growth Portfolio, Service Class | 27977 | 63968 |
| MFS VIT II Technology Portfolio, Service Class | 6533244 | 7749407 |
| MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | 279853 | 1174204 |
| Neuberger Berman AMT Quality Equity Portfolio, Class S | 111782 | 347096 |
| Nomura VIP Emerging Markets Series, Service Class | 57573 | 240156 |
| Nomura VIP Energy Series, Service Class | 29760 | 205996 |
| Nomura VIP International Core Equity Series, Service Class | 17611 | 80875 |
| Nomura VIP Small Cap Value Series, Service Class | 139839 | 368637 |
| NVIT Fidelity Institutional AM Emerging Markets Fund, Class D | 153 | 3734 |
| PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | 49846 | 221613 |
| PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | 1283104 | 1325293 |
| PIMCO VIT Low Duration Portfolio, Advisor Class | 375776 | 642666 |
| PIMCO VIT Real Return Portfolio, Advisor Class | 214127 | 240213 |
| PIMCO VIT Short-Term Portfolio, Advisor Class | 1506587 | 2795869 |
| PIMCO VIT Total Return Portfolio, Advisor Class | 2537899 | 3140771 |
| Putnam VT Core Equity Fund, Class IB | 167047 | 241142 |
| Putnam VT Emerging Markets Equity Fund, Class IB | 297 | 551 |
| Putnam VT Focused International Equity Fund, Class IB | 19502 | 181515 |
| Putnam VT Global Asset Allocation Fund, Class IB | 163510 | 138150 |
| Putnam VT Income Fund, Class IB | 209737 | 236288 |
| Putnam VT International Equity Fund, Class IB | 357500 | 209180 |
| Putnam VT International Value Fund, Class IB | 210417 | 34192 |
| Putnam VT Large Cap Growth Fund, Class IB | 1031468 | 2266607 |
| Putnam VT Large Cap Value Fund, Class IB | 80034 | 22761 |
| Putnam VT Mortgage Securities Fund, Class IB | 35372 | 5833 |

---

---

| | | |
|:---|:---|:---|
| Subaccount | Purchases | Sales |
| Putnam VT Research Fund, Class IB | $82562 | $475633 |
| Putnam VT Small Cap Growth Fund, Class IB | 15630 | 123956 |
| Putnam VT Small Cap Value Fund, Class IB | 58247 | 205356 |
| T. Rowe Price Blue Chip Growth Portfolio, Class II | 3215717 | 6717757 |
| T. Rowe Price Health Sciences Portfolio, Class II | 293612 | 1921656 |
| VanEck VIP Emerging Markets Fund, Initial Class | 29657 | 2686 |
| VanEck VIP Global Resources Fund, Class S | 29421 | 155766 |
| VanEck VIP Global Resources Fund, Initial Class | 69730 | 52789 |

---

4. CHANGES
IN UNITS OUTSTANDING

The changes in units outstanding for the years or periods ended (as designated in note 1, Organization, if applicable) December 31, 2025 and 2024 were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase <br> (Decrease) | Units <br> Issued | Units <br> Redeemed | Net Increase <br> (Decrease) |
| Alger Capital Appreciation Portfolio, Class I-2 | 8 | 686 | (678) | 196 | 714 | (518) |
| Alger Large Cap Growth Portfolio, Class I-2 | 110 | 517 | (407) | 23 | 990 | (967) |
| Alger Mid Cap Growth Portfolio, Class I-2 | 356 | 1372 | (1016) | 577 | 1102 | (525) |
| Alger Small Cap Growth Portfolio, Class I-2 | 121 | 205 | (84) | 643 | 2387 | (1744) |
| ALPS Alerian Energy Infrastructure Portfolio, Class III | 5995 | 23758 | (17763) | 2981 | 25806 | (22825) |
| ALPS Global Opportunity Portfolio, Class III | 770 | 7238 | (6468) | 4290 | 18062 | (13772) |
| American Funds IS Capital World Growth and Income Fund, Class 4 | 9757 | 40600 | (30843) | 1903 | 174984 | (173081) |
| American Funds IS Growth Fund, Class 4 | 242306 | 278327 | (36021) | 138881 | 230325 | (91444) |
| American Funds IS Growth-Income Fund, Class 4 | 40036 | 57217 | (17181) | 83757 | 268310 | (184553) |
| American Funds IS International Fund, Class 4 | 5519 | 39402 | (33883) | 3262 | 57118 | (53856) |
| American Funds IS New World Fund, Class 4 | 4086 | 30903 | (26817) | 6062 | 35431 | (29369) |
| American Funds IS Washington Mutual Investors Fund, Class 4 | 30681 | 53077 | (22396) | 7077 | 120939 | (113862) |
| BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | 4171 | 420 | 3751 | 4470 | 4799 | (329) |
| BlackRock Global Allocation V.I. Fund, Class III | 4135 | 56615 | (52480) | 22050 | 116701 | (94651) |
| BlackRock High Yield V.I. Fund, Class III | 148508 | 227353 | (78845) | 207308 | 252776 | (45468) |
| BNY Mellon IP Technology Growth Portfolio, Service Shares | 0 \* | 112 | (112) |  | 4245 | (4245) |
| BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares |  | 128 | (128) |  | 207 | (207) |
| BNY Mellon VIF Appreciation Portfolio, Initial Shares | 5 | 56 | (51) |  | 840 | (840) |
| BNY Mellon VIF Appreciation Portfolio, Service Shares | 0 \* | 5449 | (5449) |  | 1428 | (1428) |
| BNY Mellon VIF Growth and Income Portfolio, Initial Shares |  | 216 | (216) | 87 | 567 | (480) |
| ClearBridge Variable Large Cap Growth Portfolio, Class II | 1307 | 35617 | (34310) | 12885 | 136631 | (123746) |
| ClearBridge Variable Mid Cap Portfolio, Class II |  | 4781 | (4781) |  | 23391 | (23391) |
| ClearBridge Variable Small Cap Growth Portfolio, Class II | 2163 | 26007 | (23844) | 4530 | 106867 | (102337) |
| Columbia VP Select Small Cap Value Fund, Class 2 | 336 | 523 | (187) | 2790 | 7091 | (4301) |
| Columbia VP Seligman Global Technology Fund, Class 1 | 50 | 12512 | (12462) | 671 | 7664 | (6993) |
| Columbia VP Seligman Global Technology Fund, Class 2 | 13 | 377 | (364) | 190 | 120 | 70 |
| Columbia VP Small Cap Value Fund, Class 2 |  |  |  |  |  |  |
| Columbia VP Strategic Income Fund, Class 2 | 28729 | 37178 | (8449) | 11476 | 57185 | (45709) |
| Delaware VIP International Series, Service Class |  |  |  | 0 \* | 21147 | (21147) |
| Dimensional VA Equity Allocation Portfolio, Institutional | 5 | 57 | (52) | 99 | 33 | 66 |
| Dimensional VA Global Bond Portfolio, Institutional | 97 | 6 | 91 | 237 | 4396 | (4159) |
| Dimensional VA Global Moderate Allocation Portfolio, Institutional |  | 57139 | (57139) | 99720 | 1956 | 97764 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase <br> (Decrease) | Units <br> Issued | Units <br> Redeemed | Net Increase <br> (Decrease) |
| Dimensional VA International Small Portfolio, Institutional | 2885 | 22418 | (19533) | 2898 | 26771 | (23873) |
| Dimensional VA International Value Portfolio, Institutional | 937 | 28700 | (27763) | 670 | 24235 | (23565) |
| Dimensional VA Short-Term Fixed Portfolio, Institutional | 10234 | 280 | 9954 | 47225 | 2204 | 45021 |
| Dimensional VA US Large Value Portfolio, Institutional | 9994 | 51439 | (41445) | 6144 | 48296 | (42152) |
| Dimensional VA US Targeted Value Portfolio, Institutional | 6355 | 24492 | (18137) | 1643 | 79832 | (78189) |
| DWS Capital Growth VIP, Class B |  |  |  | 0 \* | 34254 | (34254) |
| DWS CROCI U.S. VIP, Class B |  |  |  | 0 \* | 2647 | (2647) |
| DWS Global Small Cap VIP, Class B |  |  |  | 0 \* | 1551 | (1551) |
| DWS Small Mid Cap Value VIP, Class B |  |  |  |  | 84 | (84) |
| Eaton Vance VT Floating-Rate Income Fund, Initial Class | 10502 | 81508 | (71006) | 50244 | 166364 | (116120) |
| Empower Aggressive Profile Fund, Investor Class | 6800 | 53458 | (46658) | 7029 | 93370 | (86341) |
| Empower Ariel Mid Cap Value Fund, Investor Class |  |  |  | 1135 | 70105 | (68970) |
| Empower Bond Index Fund, Investor Class | 150302 | 437380 | (287078) | 129165 | 299144 | (169979) |
| Empower Conservative Profile Fund, Class L | 142257 | 151498 | (9241) | 174167 | 406312 | (232145) |
| Empower Conservative Profile Fund, Investor Class | 92618 | 146420 | (53802) | 132098 | 151300 | (19202) |
| Empower Core Bond Fund, Investor Class | 329902 | 85112 | 244790 | 96110 | 151667 | (55557) |
| Empower Emerging Markets Equity Fund, Investor Class | 1828 | 23209 | (21381) | 2517 | 24566 | (22049) |
| Empower Global Bond Fund, Investor Class | 7774 | 53159 | (45385) | 26584 | 135403 | (108819) |
| Empower Government Money Market Fund, Investor Class |  |  |  | 1388503 | 5783795 | (4395292) |
| Empower High Yield Bond Fund, Investor Class | 90749 | 115928 | (25179) | 11933 | 27849 | (15916) |
| Empower Inflation-Protected Securities Fund, Investor Class | 108 | 8839 | (8731) | 1599 | 15966 | (14367) |
| Empower International Growth Fund, Investor Class | 314 | 10125 | (9811) | 2468 | 37390 | (34922) |
| Empower International Index Fund, Investor Class | 14207 | 205464 | (191257) | 73989 | 160316 | (86327) |
| Empower International Value Fund, Investor Class | 32974 | 55273 | (22299) | 6523 | 47925 | (41402) |
| Empower Large Cap Growth Fund, Investor Class | 33425 | 47952 | (14527) | 35222 | 67486 | (32264) |
| Empower Large Cap Value Fund, Investor Class | 2064 | 43271 | (41207) | 62248 | 97394 | (35146) |
| Empower Lifetime 2015 Fund, Investor Class | 2268 | 4851 | (2583) | 2416 | 11374 | (8958) |
| Empower Lifetime 2020 Fund, Investor Class | 13 | 912 | (899) | 1247 | 61551 | (60304) |
| Empower Lifetime 2025 Fund, Investor Class | 60 | 2508 | (2448) | 66 | 123551 | (123485) |
| Empower Lifetime 2030 Fund, Investor Class |  | 9316 | (9316) |  | 12546 | (12546) |
| Empower Lifetime 2035 Fund, Investor Class | 18 | 339 | (321) | 55 | 86499 | (86444) |
| Empower Lifetime 2040 Fund, Investor Class | 2 | 81 | (79) | 16539 | 5505 | 11034 |
| Empower Lifetime 2045 Fund, Investor Class | 0 \* | 532 | (532) |  | 13256 | (13256) |
| Empower Lifetime 2050 Fund, Investor Class | 201 | 1516 | (1315) | 2146 | 2866 | (720) |
| Empower Lifetime 2055 Fund, Investor Class |  | 1092 | (1092) |  | 14353 | (14353) |
| Empower Mid Cap Value Fund, Investor Class | 9172 | 17716 | (8544) | 48509 | 24719 | 23790 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase <br> (Decrease) | Units <br> Issued | Units <br> Redeemed | Net Increase <br> (Decrease) |
| Empower Moderate Profile Fund, Class L | 82853 | 1466681 | (1383828) | 107927 | 2751372 | (2643445) |
| Empower Moderate Profile Fund, Investor Class | 711 | 489915 | (489204) | 36345 | 949302 | (912957) |
| Empower Moderately Aggressive Profile Fund, Investor Class | 42431 | 136085 | (93654) | 8 | 216825 | (216817) |
| Empower Moderately Conservative Profile Fund, Class L | 138789 | 347691 | (208902) | 33850 | 445183 | (411333) |
| Empower Moderately Conservative Profile Fund, Investor Class | 3719 | 223845 | (220126) | 73234 | 256808 | (183574) |
| Empower Multi-Sector Bond Fund, Investor Class | 50214 | 48718 | 1496 | 30245 | 122233 | (91988) |
| Empower Real Estate Index Fund, Investor Class | 10787 | 27056 | (16269) | 6657 | 61672 | (55015) |
| Empower S&P 500 Index Fund, Investor Class | 159848 | 502208 | (342360) | 289722 | 860002 | (570280) |
| Empower S&P Mid Cap 400 Index Fund, Investor Class | 40680 | 91930 | (51250) | 17249 | 283828 | (266579) |
| Empower S&P Small Cap 600 Index Fund, Investor Class | 27914 | 123623 | (95709) | 54654 | 294943 | (240289) |
| Empower SecureFoundation Balanced Fund, Class L | 109652 | 2493675 | (2384023) | 169377 | 3826245 | (3656868) |
| Empower Short Duration Bond Fund, Investor Class | 21099 | 225013 | (203914) | 46407 | 279134 | (232727) |
| Empower Small Cap Growth Fund, Investor Class | 1255 | 8612 | (7357) | 3514 | 122693 | (119179) |
| Empower Small Cap Value Fund, Investor Class | 4721 | 26588 | (21867) | 18261 | 27770 | (9509) |
| Empower T. Rowe Price Mid Cap Growth Fund, Investor Class | 4246 | 82989 | (78743) | 16576 | 160132 | (143556) |
| Empower U.S. Government Securities Fund, Investor Class | 45815 | 29201 | 16614 | 17941 | 78062 | (60121) |
| Federated Hermes High Income Bond Fund II, Service Shares | 6891 | 11449 | (4558) | 6826 | 41089 | (34263) |
| Fidelity VIP Asset Manager 50% Portfolio, Initial Class | 155 | 3967 | (3812) | 6 | 1350 | (1344) |
| Fidelity VIP Balanced Portfolio, Service Class 2 | 12661 | 446510 | (433849) | 57791 | 772060 | (714269) |
| Fidelity VIP Contrafund Portfolio, Initial Class | 190 | 1660 | (1470) | 353 | 2270 | (1917) |
| Fidelity VIP Government Money Market Portfolio, Initial Class | 3263659 | 4125482 | (861823) | 4891137 | 1935298 | 2955839 |
| Fidelity VIP Growth Opportunities Portfolio, Initial Class |  | 181 | (181) | 74 | 201 | (127) |
| Fidelity VIP Growth Portfolio, Initial Class | 4 | 843 | (839) | 365 | 1061 | (696) |
| Fidelity VIP High Income Portfolio, Initial Class |  | 50 | (50) |  | 130 | (130) |
| Fidelity VIP Index 500 Portfolio, Initial Class | 1 | 98 | (97) | 13 | 579 | (566) |
| Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | 135241 | 42803 | 92438 | 22156 | 54594 | (32438) |
| Fidelity VIP Investment Grade Bond Portfolio, Initial Class | 53 | 204 | (151) | 546 | 664 | (118) |
| Fidelity VIP Overseas Portfolio, Initial Class | 957 | 381 | 576 |  | 38 | (38) |
| First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | 1234 | 10132 | (8898) |  | 32971 | (32971) |
| Franklin Income VIP Fund, Class 4 | 13027 | 67753 | (54726) | 2081 | 105288 | (103207) |
| Goldman Sachs VIT Large Cap Value Fund, Institutional Class | 27 | 44 | (17) | 907 | 979 | (72) |
| Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | 1 | 30716 | (30715) |  | 31405 | (31405) |
| Goldman Sachs VIT Strategic Growth Fund, Institutional Class | 0 \* | 435 | (435) | 435 |  | 435 |
| Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | 18 | 19 | (1) | 20 | 18 | 2 |
| Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | 13263 | 49026 | (35763) | 32176 | 62031 | (29855) |
| Invesco V.I. Core Equity Fund, Series II |  | 6161 | (6161) |  | 32 | (32) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase <br> (Decrease) | Units <br> Issued | Units <br> Redeemed | Net Increase <br> (Decrease) |
| Invesco V.I. Core Plus Bond Fund, Series II | 210 | 12701 | (12491) | 5521 | 70253 | (64732) |
| Invesco V.I. EQV International Equity Fund, Series II | 218 | 16760 | (16542) | 14 | 25441 | (25427) |
| Invesco V.I. Global Real Estate Fund, Series II | 2870 | 17359 | (14489) | 1884 | 31397 | (29513) |
| Invesco V.I. Growth and Income Fund, Series II | 127 | 44131 | (44004) | 4149 | 87018 | (82869) |
| Invesco V.I. International Growth Fund, Series II |  | 6279 | (6279) | 51 | 37233 | (37182) |
| Invesco V.I. Main Street Small Cap Fund, Series II | 2268 | 19675 | (17407) | 2486 | 37306 | (34820) |
| Invesco V.I. Small Cap Equity Fund, Series II |  | 114 | (114) |  | 2543 | (2543) |
| Janus Henderson VIT Balanced Portfolio, Service Shares | 3901 | 113081 | (109180) | 28159 | 335815 | (307656) |
| Janus Henderson VIT Enterprise Portfolio, Service Shares | 3748 | 83599 | (79851) | 6440 | 100370 | (93930) |
| Janus Henderson VIT Flexible Bond Portfolio, Service Shares | 8395 | 19564 | (11169) | 14968 | 74457 | (59489) |
| Janus Henderson VIT Mid Cap Value Portfolio, Service Shares |  | 137 | (137) |  | 471 | (471) |
| Janus Henderson VIT Overseas Portfolio, Institutional Shares | 33 | 47 | (14) | 418 | 893 | (475) |
| Janus Henderson VIT Overseas Portfolio, Service Shares |  | 104 | (104) |  | 107 | (107) |
| Lord Abbett Series Fund Developing Growth Portfolio, Class VC |  | 774 | (774) |  | 936 | (936) |
| LVIP American Century Inflation Protection Fund, Service Class | 413 | 23066 | (22653) | 13426 | 47963 | (34537) |
| LVIP American Century Mid Cap Value Fund, Service Class | 3022 | 30037 | (27015) | 6084 | 103239 | (97155) |
| LVIP American Century Value Fund, Service Class | 1147 | 48715 | (47568) | 2988 | 333774 | (330786) |
| LVIP JPMorgan Small Cap Core Fund, Service Class | 691 | 1893 | (1202) | 11630 | 18554 | (6924) |
| LVIP Nomura U.S. REIT Fund, Service Class | 0 \* | 3832 | (3832) | 1375 | 54733 | (53358) |
| MFS VIT II Blended Research Core Equity Portfolio, Service Class | 3143 | 9943 | (6800) | 38481 | 55219 | (16738) |
| MFS VIT II International Growth Portfolio, Service Class | 896 | 4139 | (3243) | 710 | 8337 | (7627) |
| MFS VIT II Technology Portfolio, Service Class | 119534 | 185790 | (66256) | 71197 | 111950 | (40753) |
| MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | 4446 | 65563 | (61117) | 1629 | 22039 | (20410) |
| Neuberger Berman AMT Quality Equity Portfolio, Class S | 1291 | 7940 | (6649) |  | 17541 | (17541) |
| Nomura VIP Emerging Markets Series, Service Class | 1737 | 14407 | (12670) | 6803 | 79185 | (72382) |
| Nomura VIP Energy Series, Service Class | 2287 | 24641 | (22354) | 7907 | 41596 | (33689) |
| Nomura VIP International Core Equity Series, Service Class | 980 | 6785 | (5805) | 18640 | 6032 | 12608 |
| Nomura VIP Small Cap Value Series, Service Class | 1630 | 15905 | (14275) | 3477 | 32845 | (29368) |
| NVIT Fidelity Institutional AM Emerging Markets Fund, Class D |  | 269 | (269) |  | 166 | (166) |
| PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | 1302 | 20754 | (19452) | 7337 | 160543 | (153206) |
| PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | 129590 | 144595 | (15005) | 38544 | 85361 | (46817) |
| PIMCO VIT Low Duration Portfolio, Advisor Class | 22506 | 57043 | (34537) | 75582 | 190992 | (115410) |
| PIMCO VIT Real Return Portfolio, Advisor Class | 13727 | 19444 | (5717) | 41067 | 54147 | (13080) |
| PIMCO VIT Short-Term Portfolio, Advisor Class | 115797 | 230990 | (115193) | 120034 | 209145 | (89111) |
| PIMCO VIT Total Return Portfolio, Advisor Class | 174829 | 273980 | (99151) | 509833 | 219968 | 289865 |
| Putnam VT Core Equity Fund, Class IB | 1052 | 7359 | (6307) | 6038 | 8748 | (2710) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase <br> (Decrease) | Units <br> Issued | Units <br> Redeemed | Net Increase <br> (Decrease) |
| Putnam VT Emerging Markets Equity Fund, Class IB |  |  |  |  |  |  |
| Putnam VT Focused International Equity Fund, Class IB | 45 | 9370 | (9325) |  | 17593 | (17593) |
| Putnam VT Global Asset Allocation Fund, Class IB |  | 7192 | (7192) | 5564 | 19114 | (13550) |
| Putnam VT Income Fund, Class IB | 12720 | 22219 | (9499) | 28166 | 113760 | (85594) |
| Putnam VT International Equity Fund, Class IB | 16035 | 9889 | 6146 | 1317 | 4798 | (3481) |
| Putnam VT International Value Fund, Class IB | 9803 | 1641 | 8162 | 834 | 7058 | (6224) |
| Putnam VT Large Cap Growth Fund, Class IB | 7046 | 54625 | (47579) | 8753 | 38193 | (29440) |
| Putnam VT Large Cap Value Fund, Class IB |  | 490 | (490) | 0 \* | 5761 | (5761) |
| Putnam VT Mortgage Securities Fund, Class IB | 2263 | 489 | 1774 | 164 | 346 | (182) |
| Putnam VT Research Fund, Class IB | 1552 | 14711 | (13159) | 477 | 5850 | (5373) |
| Putnam VT Small Cap Growth Fund, Class IB |  | 5816 | (5816) |  | 4780 | (4780) |
| Putnam VT Small Cap Value Fund, Class IB | 720 | 10341 | (9621) | 5444 | 12695 | (7251) |
| T. Rowe Price Blue Chip Growth Portfolio, Class II | 13562 | 188871 | (175309) | 38119 | 418987 | (380868) |
| T. Rowe Price Health Sciences Portfolio, Class II | 5553 | 90673 | (85120) | 16662 | 176268 | (159606) |
| VanEck VIP Emerging Markets Fund, Initial Class | 786 | 48 | 738 | 316 | 1429 | (1113) |
| VanEck VIP Global Resources Fund, Class S | 1760 | 13159 | (11399) | 2437 | 65323 | (62886) |
| VanEck VIP Global Resources Fund, Initial Class | 1389 | 1181 | 208 |  | 3470 | (3470) |

---

\* The Subaccount has units that round to less than one.

Note: Units may not appear to foot/crossfoot due to rounding.

5. EXPENSES
AND RELATED PARTY TRANSACTIONS

The fees and charges below are the current expenses deducted by the Subaccount from either the net unit value or from the Contract as a redemption of units. Fees and charges may vary based on factors such as the product purchased, optional benefits chosen, benefit base, asset base, net amount at risk, death benefit option elected, a Contract's total asset value, age of Contract, surrender amount, if a surrender is requested during the period specified, Subaccounts selected, transaction amount, and/or transaction frequency. The fees and charges are recorded, as applicable, to the respective Subaccount in the Separate Account. Redemption of units deductions are made to the individual Contracts in accordance with the terms which govern each annuity, as set forth in the Contract.

The minimum and maximum Contract expenses offered by the Company may not directly equate to the minimum and maximum expense ratios by Subaccount in the Financial Highlights footnote as Contract owners across all products offered may not have invested in all available products during the current year.

---

| | |
|:---|:---|
| **Expense Type** | **Range** |
| **Contract Maintenance Charge** |  |
| This charge is assessed to reimburse the Company for expenses incurred in the administration of the Contract and the Separate Account. If applicable, the charge is deducted annually, assessed through a redemption of units, and recorded as Contract maintenance charges in the Statements of Changes in Net Assets. | $0 - $30 annually |
| **Fund Facilitation Fee** |  |
| The Company deducts a fund facilitation fee from certain Subaccount assets open in select products. The fee is deducted daily, assessed through a reduction of net unit values, and recorded as mortality and expense risk within the Statements of Operations. | 0.35% of the average daily net assets of the Subaccounts |
| **Mortality and Expense Risk Fee** |  |
| This fee is assessed to reimburse the Company for assuming mortality and expense risks. The fee is deducted daily, assessed through a reduction of net unit values, and recorded as mortality and expense risk in the Statements of Operations. | a daily fee amounting to a per annum aggregate of 0.20% - 1.40% of the average daily net assets of the Subaccounts |
| **Deductions for Premium Taxes** |  |
| This deduction is to comply with any applicable state premium and/or retaliatory taxes. The mandated amount is deducted from the payment when it is received which in turn reduces Contract owners' net payments on the Statements of Changes in Net Assets. | 0.0% - 3.5% of each payment, if applicable |
| **Surrender Charge (Contingent Deferred Sales Charge)** |  |
| This charge is assessed to reimburse the Company for some of the costs of distributing the Policies. The charge is a percent of the amount withdrawn or surrendered based on the number of full years which have elapsed between the date the Contract was issued and the surrender date, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statements of Changes in Net Assets. | 0.0% - 6.0% of withdrawn or surrendered amount |

---

---

| | |
|:---|:---|
| **Expense Type** | **Range** |
| **Transfer Charge** |  |
| This charge is assessed to reimburse the Company for costs incurred when transferring funds. The charge is deducted upon transfer, assessed through a redemption of units, and recorded as Contract owners' benefits within the Statements of Changes in Net Assets. | $15 - $25 per transfer, after the first 12 transfers in any calendar year |
| **Charge for Optional Benefits (Guaranteed Lifetime Withdrawal Benefit)** |  |
| This charge, if applicable, is assessed to reimburse the Company for costs and risks stemming from optional benefits elected by the Contract owner. The charge is deducted quarterly, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statements of Changes in Net Assets. | 0.65% - 2.25% of net asset base |
| **Expenses of the Portfolio** |  |
| This fee, if applicable, is assessed to provide compensation for administrative services performed in connection with the subaccounts. Such compensation is assessed against the value of the assets invested in the relevant subaccounts and is recorded as Investment advisory expenses in the Statements of Operations. | 0.00% - 0.35% annually |

---

6. FINANCIAL
HIGHLIGHTS

The Company sells a number of variable annuity products that are funded by the Separate Account. These products have unique combinations of features and expenses that are charged against the Contract owner's account. Differences in the expense structures result in a variety of unit values, expense ratios and total returns. The following tables were developed by determining which products offered by the Company and funded by the Separate Account have the highest and lowest expense ratios. The summaries may not reflect or directly equate to the minimum and maximum Contract expenses offered by the Company, as Contract owners may not have selected all available and applicable Contract options for or during the periods presented.

A summary of the units outstanding, unit fair values, net assets for variable annuity Contracts, investment income ratios, the expense ratios, excluding expenses of the underlying Subaccounts, and total returns for each of the five years or periods ended December 31, 2025 is as follows:

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Alger Capital Appreciation Portfolio, Class I-2 | Alger Capital Appreciation Portfolio, Class I-2 | Alger Capital Appreciation Portfolio, Class I-2 | Alger Capital Appreciation Portfolio, Class I-2 | Alger Capital Appreciation Portfolio, Class I-2 | Alger Capital Appreciation Portfolio, Class I-2 | Alger Capital Appreciation Portfolio, Class I-2 | Alger Capital Appreciation Portfolio, Class I-2 | Alger Capital Appreciation Portfolio, Class I-2 | Alger Capital Appreciation Portfolio, Class I-2 |
| &nbsp;&nbsp;&nbsp;2025 | 5 | $478.99 | $457.23 | $2366 | 0.00% | 1.25% | 1.40% | 31.22% | 31.02% |
| &nbsp;&nbsp;&nbsp;2024 | 6 | 365.03 | 348.96 | 2042 | 0.00% | 1.25% | 1.40% | 46.29% | 46.06% |
| &nbsp;&nbsp;&nbsp;2023 | 6 | 249.53 | 238.91 | 1520 | 0.00% | 1.25% | 1.40% | 41.36% | 41.15% |
| &nbsp;&nbsp;&nbsp;2022 | 7 | 176.52 | 169.26 | 1157 | 0.00% | 1.25% | 1.40% | (32.10)% | (39.89)% |
| &nbsp;&nbsp;&nbsp;2021 | 9 | 281.58 | 259.96 | 2376 | 0.00% | 1.25% | 1.55% | 22.33% | 8.61% |
| Alger Large Cap Growth Portfolio, Class I-2 | Alger Large Cap Growth Portfolio, Class I-2 | Alger Large Cap Growth Portfolio, Class I-2 | Alger Large Cap Growth Portfolio, Class I-2 | Alger Large Cap Growth Portfolio, Class I-2 | Alger Large Cap Growth Portfolio, Class I-2 | Alger Large Cap Growth Portfolio, Class I-2 | Alger Large Cap Growth Portfolio, Class I-2 | Alger Large Cap Growth Portfolio, Class I-2 | Alger Large Cap Growth Portfolio, Class I-2 |
| &nbsp;&nbsp;&nbsp;2025 | 4 | 440.78 | 417.01 | 1663 | 0.00% | 1.25% | 1.40% | 28.65% | 28.46% |
| &nbsp;&nbsp;&nbsp;2024 | 4 | 342.61 | 324.62 | 1430 | 0.00% | 1.25% | 1.40% | 41.10% | 40.89% |
| &nbsp;&nbsp;&nbsp;2023 | 5 | 242.81 | 230.40 | 1237 | 0.00% | 1.25% | 1.40% | 31.03% | 30.83% |
| &nbsp;&nbsp;&nbsp;2022 | 7 | 185.31 | 167.49 | 1154 | 0.00% | 1.25% | 1.55% | (33.17)% | (45.24)% |
| &nbsp;&nbsp;&nbsp;2021 | 7 | 305.88 | 277.29 | 2051 | 0.00% | 1.25% | 1.55% | 21.48% | 0.13% |
| Alger Mid Cap Growth Portfolio, Class I-2 | Alger Mid Cap Growth Portfolio, Class I-2 | Alger Mid Cap Growth Portfolio, Class I-2 | Alger Mid Cap Growth Portfolio, Class I-2 | Alger Mid Cap Growth Portfolio, Class I-2 | Alger Mid Cap Growth Portfolio, Class I-2 | Alger Mid Cap Growth Portfolio, Class I-2 | Alger Mid Cap Growth Portfolio, Class I-2 | Alger Mid Cap Growth Portfolio, Class I-2 | Alger Mid Cap Growth Portfolio, Class I-2 |
| &nbsp;&nbsp;&nbsp;2025 | 9 | 194.30 | 184.95 | 1728 | 0.00% | 1.25% | 1.40% | 15.32% | 15.14% |
| &nbsp;&nbsp;&nbsp;2024 | 10 | 168.49 | 160.63 | 1666 | 0.00% | 1.25% | 1.40% | 19.56% | 19.38% |
| &nbsp;&nbsp;&nbsp;2023 | 11 | 140.93 | 134.56 | 1467 | 0.00% | 1.25% | 1.40% | 21.65% | 21.47% |
| &nbsp;&nbsp;&nbsp;2022 | 12 | 115.85 | 110.78 | 1284 | 0.00% | 1.25% | 1.40% | (31.21)% | (39.64)% |
| &nbsp;&nbsp;&nbsp;2021 | 12 | 183.51 | 168.41 | 2194 | 0.00% | 1.25% | 1.55% | 7.30% | (5.56)% |

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---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Alger Small Cap Growth Portfolio, Class I-2 | Alger Small Cap Growth Portfolio, Class I-2 | Alger Small Cap Growth Portfolio, Class I-2 | Alger Small Cap Growth Portfolio, Class I-2 | Alger Small Cap Growth Portfolio, Class I-2 | Alger Small Cap Growth Portfolio, Class I-2 | Alger Small Cap Growth Portfolio, Class I-2 | Alger Small Cap Growth Portfolio, Class I-2 | Alger Small Cap Growth Portfolio, Class I-2 | Alger Small Cap Growth Portfolio, Class I-2 |
| &nbsp;&nbsp;&nbsp;2025 | 4 | $32.79 | $167.60 | $294 | 0.00% | 0.25% | 1.40% | 5.65% | 4.44% |
| &nbsp;&nbsp;&nbsp;2024 | 4 | 31.03 | 160.47 | 294 | 0.42% | 0.25% | 1.40% | 7.86% | 6.62% |
| &nbsp;&nbsp;&nbsp;2023 | 6 | 28.77 | 150.51 | 313 | 0.00% | 0.25% | 1.40% | 16.20% | 14.88% |
| &nbsp;&nbsp;&nbsp;2022 | 7 | 24.76 | 131.02 | 306 | 0.00% | 0.25% | 1.40% | 7.98% | (41.85)% |
| &nbsp;&nbsp;&nbsp;2021 | 9 | 225.30 | 22.93 | 571 | 0.00% | 0.25% | 1.55% | (2.64)% | (46.35)% |
| ALPS Alerian Energy Infrastructure Portfolio, Class III | ALPS Alerian Energy Infrastructure Portfolio, Class III | ALPS Alerian Energy Infrastructure Portfolio, Class III | ALPS Alerian Energy Infrastructure Portfolio, Class III | ALPS Alerian Energy Infrastructure Portfolio, Class III | ALPS Alerian Energy Infrastructure Portfolio, Class III | ALPS Alerian Energy Infrastructure Portfolio, Class III | ALPS Alerian Energy Infrastructure Portfolio, Class III | ALPS Alerian Energy Infrastructure Portfolio, Class III | ALPS Alerian Energy Infrastructure Portfolio, Class III |
| &nbsp;&nbsp;&nbsp;2025 | 29 | 19.28 | 21.41 | 615 | 3.59% | 0.20% | 1.20% | 4.45% | 3.41% |
| &nbsp;&nbsp;&nbsp;2024 | 47 | 18.46 | 20.70 | 961 | 3.68% | 0.20% | 1.20% | 40.32% | 38.91% |
| &nbsp;&nbsp;&nbsp;2023 | 70 | 13.15 | 14.90 | 1012 | 2.39% | 0.20% | 1.20% | 13.68% | 12.55% |
| &nbsp;&nbsp;&nbsp;2022 | 120 | 11.57 | 13.24 | 1536 | 4.65% | 0.20% | 1.20% | 18.32% | 9.79% |
| &nbsp;&nbsp;&nbsp;2021 | 105 | 12.06 | 9.78 | 1181 | 2.08% | 0.20% | 1.20% | 43.74% | 36.02% |
| ALPS Global Opportunity Portfolio, Class III | ALPS Global Opportunity Portfolio, Class III | ALPS Global Opportunity Portfolio, Class III | ALPS Global Opportunity Portfolio, Class III | ALPS Global Opportunity Portfolio, Class III | ALPS Global Opportunity Portfolio, Class III | ALPS Global Opportunity Portfolio, Class III | ALPS Global Opportunity Portfolio, Class III | ALPS Global Opportunity Portfolio, Class III | ALPS Global Opportunity Portfolio, Class III |
| &nbsp;&nbsp;&nbsp;2025 | 31 | 22.26 | 19.65 | 650 | 5.92% | 0.20% | 1.20% | 1.16% | 0.15% |
| &nbsp;&nbsp;&nbsp;2024 | 38 | 22.01 | 19.62 | 774 | 7.49% | 0.20% | 1.20% | 17.77% | 16.59% |
| &nbsp;&nbsp;&nbsp;2023 | 52 | 18.69 | 16.83 | 891 | 0.00% | 0.20% | 1.20% | 28.54% | 27.27% |
| &nbsp;&nbsp;&nbsp;2022 | 104 | 14.54 | 13.22 | 1392 | 10.13% | 0.20% | 1.20% | (22.76)% | (35.69)% |
| &nbsp;&nbsp;&nbsp;2021 | 147 | 20.56 | 18.82 | 2791 | 4.39% | 0.20% | 1.20% | 24.15% | 13.58% |
| American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;2025 | 186 | 23.22 | 21.29 | 4088 | 1.21% | 0.20% | 1.20% | 24.21% | 22.98% |
| &nbsp;&nbsp;&nbsp;2024 | 217 | 18.69 | 17.31 | 3840 | 1.25% | 0.20% | 1.20% | 13.47% | 12.33% |
| &nbsp;&nbsp;&nbsp;2023 | 390 | 16.48 | 15.41 | 6100 | 1.64% | 0.20% | 1.20% | 20.41% | 19.22% |
| &nbsp;&nbsp;&nbsp;2022 | 497 | 13.68 | 12.93 | 6474 | 2.13% | 0.20% | 1.20% | (13.78)% | (22.26)% |
| &nbsp;&nbsp;&nbsp;2021 | 549 | 16.63 | 15.87 | 8776 | 1.45% | 0.20% | 1.20% | 18.53% | 9.00% |
| American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;2025 | 373 | 34.21 | 31.69 | 12473 | 0.12% | 0.20% | 1.20% | 19.69% | 18.50% |
| &nbsp;&nbsp;&nbsp;2024 | 409 | 28.58 | 26.74 | 11348 | 0.17% | 0.20% | 1.20% | 31.03% | 29.72% |
| &nbsp;&nbsp;&nbsp;2023 | 501 | 21.81 | 20.61 | 10455 | 0.17% | 0.20% | 1.20% | 37.86% | 36.50% |
| &nbsp;&nbsp;&nbsp;2022 | 638 | 15.82 | 15.10 | 9706 | 0.10% | 0.20% | 1.20% | (27.65)% | (33.44)% |
| &nbsp;&nbsp;&nbsp;2021 | 698 | 22.69 | 21.87 | 15365 | 0.06% | 0.20% | 1.20% | 24.74% | 17.08% |

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---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;2025 | 171 | $25.28 | $23.41 | $4156 | 0.73% | 0.20% | 1.20% | 17.53% | 16.37% |
| &nbsp;&nbsp;&nbsp;2024 | 188 | 21.51 | 20.12 | 3902 | 0.80% | 0.20% | 1.20% | 23.67% | 22.43% |
| &nbsp;&nbsp;&nbsp;2023 | 373 | 17.39 | 16.43 | 6227 | 1.08% | 0.20% | 1.20% | 25.57% | 24.33% |
| &nbsp;&nbsp;&nbsp;2022 | 523 | 13.85 | 13.22 | 6975 | 1.05% | 0.20% | 1.20% | (13.77)% | (20.67)% |
| &nbsp;&nbsp;&nbsp;2021 | 584 | 16.66 | 16.06 | 9445 | 0.94% | 0.20% | 1.20% | 26.88% | 19.14% |
| American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;2025 | 185 | 18.25 | 15.05 | 2919 | 1.10% | 0.20% | 1.20% | 26.15% | 24.90% |
| &nbsp;&nbsp;&nbsp;2024 | 219 | 14.47 | 12.05 | 2764 | 0.95% | 0.20% | 1.20% | 2.72% | 1.70% |
| &nbsp;&nbsp;&nbsp;2023 | 273 | 14.09 | 11.85 | 3366 | 1.00% | 0.20% | 1.20% | 15.33% | 14.18% |
| &nbsp;&nbsp;&nbsp;2022 | 376 | 12.21 | 10.38 | 4030 | 1.45% | 0.20% | 1.20% | (6.34)% | (33.04)% |
| &nbsp;&nbsp;&nbsp;2021 | 440 | 15.50 | 13.04 | 6005 | 2.26% | 0.20% | 1.20% | 13.14% | (17.47)% |
| American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;2025 | 143 | 22.09 | 20.60 | 3074 | 0.88% | 0.20% | 1.20% | 27.67% | 26.40% |
| &nbsp;&nbsp;&nbsp;2024 | 170 | 17.31 | 16.29 | 2872 | 1.14% | 0.20% | 1.20% | 6.12% | 5.06% |
| &nbsp;&nbsp;&nbsp;2023 | 199 | 16.31 | 15.51 | 3173 | 1.08% | 0.20% | 1.20% | 15.44% | 14.29% |
| &nbsp;&nbsp;&nbsp;2022 | 290 | 14.13 | 13.57 | 4001 | 1.08% | 0.20% | 1.20% | (20.00)% | (27.24)% |
| &nbsp;&nbsp;&nbsp;2021 | 317 | 18.65 | 17.66 | 5676 | 0.64% | 0.20% | 1.20% | 9.13% | 1.26% |
| American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;2025 | 183 | 22.98 | 21.29 | 4036 | 1.21% | 0.20% | 1.20% | 16.66% | 15.50% |
| &nbsp;&nbsp;&nbsp;2024 | 206 | 19.70 | 18.43 | 3895 | 1.28% | 0.20% | 1.20% | 18.61% | 17.43% |
| &nbsp;&nbsp;&nbsp;2023 | 319 | 16.61 | 15.69 | 5101 | 1.34% | 0.20% | 1.20% | 16.74% | 15.58% |
| &nbsp;&nbsp;&nbsp;2022 | 683 | 14.23 | 13.58 | 9544 | 2.47% | 0.20% | 1.20% | (5.47)% | (13.02)% |
| &nbsp;&nbsp;&nbsp;2021 | 318 | 15.61 | 15.05 | 4843 | 1.26% | 0.20% | 1.20% | 30.74% | 22.66% |
| BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III |
| &nbsp;&nbsp;&nbsp;2025 | 4 | 17.19 | 17.13 | 71 | 2.32% | 0.20% | 0.25% | 14.69% | 15.08% |
| &nbsp;&nbsp;&nbsp;2024 | 0 \* | 14.89 | 14.89 | 6 | 2.44% | 0.25% | 0.25% | 11.08% | 11.08% |
| &nbsp;&nbsp;&nbsp;2023 | 1 | 13.40 | 13.40 | 10 | 2.47% | 0.25% | 0.25% | 0.43% | 0.43% |
| &nbsp;&nbsp;&nbsp;2022 | 1 | 11.25 | 11.25 | 14 | 0.23% | 1.20% | 1.20% | (16.02)% | (18.28)% |
| &nbsp;&nbsp;&nbsp;2021 | 2 | 13.77 | 13.40 | 30 | 0.79% | 0.20% | 1.20% | 13.33% | 8.59% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III |
| &nbsp;&nbsp;&nbsp;2025 | 180 | $19.19 | $17.64 | $3181 | 3.87% | 0.20% | 1.20% | 19.27% | 18.09% |
| &nbsp;&nbsp;&nbsp;2024 | 233 | 16.09 | 14.94 | 3442 | 1.27% | 0.20% | 1.20% | 8.71% | 7.62% |
| &nbsp;&nbsp;&nbsp;2023 | 327 | 14.80 | 13.88 | 4494 | 1.90% | 0.20% | 1.20% | 12.27% | 11.15% |
| &nbsp;&nbsp;&nbsp;2022 | 574 | 13.18 | 12.49 | 7048 | 0.00% | 0.20% | 1.20% | (9.40)% | (22.86)% |
| &nbsp;&nbsp;&nbsp;2021 | 783 | 16.19 | 14.55 | 11558 | 0.82% | 0.20% | 1.20% | 13.06% | (1.82)% |
| BlackRock High Yield V.I. Fund, Class III | BlackRock High Yield V.I. Fund, Class III | BlackRock High Yield V.I. Fund, Class III | BlackRock High Yield V.I. Fund, Class III | BlackRock High Yield V.I. Fund, Class III | BlackRock High Yield V.I. Fund, Class III | BlackRock High Yield V.I. Fund, Class III | BlackRock High Yield V.I. Fund, Class III | BlackRock High Yield V.I. Fund, Class III | BlackRock High Yield V.I. Fund, Class III |
| &nbsp;&nbsp;&nbsp;2025 | 317 | 15.70 | 14.90 | 4913 | 6.50% | 0.20% | 1.20% | 8.86% | 7.78% |
| &nbsp;&nbsp;&nbsp;2024 | 396 | 14.42 | 13.82 | 5644 | 6.72% | 0.20% | 1.20% | 7.64% | 6.56% |
| &nbsp;&nbsp;&nbsp;2023 | 441 | 13.40 | 12.97 | 5809 | 6.28% | 0.20% | 1.20% | 12.70% | 11.58% |
| &nbsp;&nbsp;&nbsp;2022 | 740 | 11.89 | 11.62 | 8677 | 5.04% | 0.20% | 1.20% | (9.60)% | (17.80)% |
| &nbsp;&nbsp;&nbsp;2021 | 897 | 14.14 | 13.15 | 11875 | 4.27% | 0.20% | 1.20% | 11.69% | 3.71% |
| BNY Mellon IP Technology Growth Portfolio, Service Shares | BNY Mellon IP Technology Growth Portfolio, Service Shares | BNY Mellon IP Technology Growth Portfolio, Service Shares | BNY Mellon IP Technology Growth Portfolio, Service Shares | BNY Mellon IP Technology Growth Portfolio, Service Shares | BNY Mellon IP Technology Growth Portfolio, Service Shares | BNY Mellon IP Technology Growth Portfolio, Service Shares | BNY Mellon IP Technology Growth Portfolio, Service Shares | BNY Mellon IP Technology Growth Portfolio, Service Shares | BNY Mellon IP Technology Growth Portfolio, Service Shares |
| &nbsp;&nbsp;&nbsp;2025 | 6 | 78.28 | 50.47 | 487 | 0.00% | 0.25% | 1.00% | 27.55% | 26.60% |
| &nbsp;&nbsp;&nbsp;2024 | 6 | 61.37 | 39.87 | 389 | 0.00% | 0.25% | 1.00% | 25.07% | 24.13% |
| &nbsp;&nbsp;&nbsp;2023 | 11 | 49.07 | 32.12 | 519 | 0.00% | 0.25% | 1.00% | 58.61% | 57.43% |
| &nbsp;&nbsp;&nbsp;2022 | 12 | 30.94 | 20.03 | 356 | 0.00% | 0.25% | 1.20% | (4.42)% | (65.46)% |
| &nbsp;&nbsp;&nbsp;2021 | 16 | 57.99 | 32.37 | 863 | 0.00% | 0.25% | 1.20% | 70.31% | (37.28)% |
| BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares | BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares | BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares | BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares | BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares | BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares | BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares | BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares | BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares | BNY Mellon Sustainable U.S. Equity Portfolio, Inc., Initial Shares |
| &nbsp;&nbsp;&nbsp;2025 | 4 | 153.59 | 146.32 | 576 | 0.25% | 1.25% | 1.40% | 14.53% | 14.36% |
| &nbsp;&nbsp;&nbsp;2024 | 4 | 134.11 | 127.94 | 520 | 0.53% | 1.25% | 1.40% | 23.33% | 23.14% |
| &nbsp;&nbsp;&nbsp;2023 | 4 | 108.74 | 103.90 | 444 | 0.72% | 1.25% | 1.40% | 22.29% | 22.11% |
| &nbsp;&nbsp;&nbsp;2022 | 4 | 88.92 | 85.09 | 374 | 0.52% | 1.25% | 1.40% | (13.42)% | (27.11)% |
| &nbsp;&nbsp;&nbsp;2021 | 4 | 116.74 | 102.70 | 495 | 0.74% | 1.25% | 1.55% | 30.68% | 10.34% |
| BNY Mellon VIF Appreciation Portfolio, Initial Shares | BNY Mellon VIF Appreciation Portfolio, Initial Shares | BNY Mellon VIF Appreciation Portfolio, Initial Shares | BNY Mellon VIF Appreciation Portfolio, Initial Shares | BNY Mellon VIF Appreciation Portfolio, Initial Shares | BNY Mellon VIF Appreciation Portfolio, Initial Shares | BNY Mellon VIF Appreciation Portfolio, Initial Shares | BNY Mellon VIF Appreciation Portfolio, Initial Shares | BNY Mellon VIF Appreciation Portfolio, Initial Shares | BNY Mellon VIF Appreciation Portfolio, Initial Shares |
| &nbsp;&nbsp;&nbsp;2025 | 1 | 183.18 | 173.80 | 196 | 0.36% | 1.25% | 1.40% | 8.71% | 8.54% |
| &nbsp;&nbsp;&nbsp;2024 | 1 | 168.51 | 160.12 | 189 | 0.40% | 1.25% | 1.40% | 11.40% | 11.23% |
| &nbsp;&nbsp;&nbsp;2023 | 2 | 151.27 | 143.95 | 290 | 0.72% | 1.25% | 1.40% | 19.47% | 19.29% |
| &nbsp;&nbsp;&nbsp;2022 | 2 | 126.61 | 120.67 | 248 | 0.64% | 1.25% | 1.40% | (11.44)% | (22.88)% |
| &nbsp;&nbsp;&nbsp;2021 | 3 | 156.47 | 142.97 | 381 | 0.44% | 1.25% | 1.55% | 31.34% | 14.72% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| BNY Mellon VIF Appreciation Portfolio, Service Shares | BNY Mellon VIF Appreciation Portfolio, Service Shares | BNY Mellon VIF Appreciation Portfolio, Service Shares | BNY Mellon VIF Appreciation Portfolio, Service Shares | BNY Mellon VIF Appreciation Portfolio, Service Shares | BNY Mellon VIF Appreciation Portfolio, Service Shares | BNY Mellon VIF Appreciation Portfolio, Service Shares | BNY Mellon VIF Appreciation Portfolio, Service Shares | BNY Mellon VIF Appreciation Portfolio, Service Shares | BNY Mellon VIF Appreciation Portfolio, Service Shares |
| &nbsp;&nbsp;&nbsp;2025 | 17 | $43.96 | $32.15 | $588 | 0.18% | 0.25% | 1.00% | 9.51% | 8.69% |
| &nbsp;&nbsp;&nbsp;2024 | 23 | 40.14 | 29.14 | 754 | 0.18% | 0.25% | 1.20% | 12.20% | 11.99% |
| &nbsp;&nbsp;&nbsp;2023 | 24 | 35.78 | 26.02 | 718 | 0.48% | 0.25% | 1.20% | 20.37% | 19.23% |
| &nbsp;&nbsp;&nbsp;2022 | 25 | 29.72 | 21.83 | 625 | 0.43% | 0.25% | 1.20% | 25.52% | (40.12)% |
| &nbsp;&nbsp;&nbsp;2021 | 26 | 36.45 | 23.68 | 792 | 0.20% | 0.25% | 1.20% | 68.98% | (17.86)% |
| BNY Mellon VIF Growth and Income Portfolio, Initial Shares | BNY Mellon VIF Growth and Income Portfolio, Initial Shares | BNY Mellon VIF Growth and Income Portfolio, Initial Shares | BNY Mellon VIF Growth and Income Portfolio, Initial Shares | BNY Mellon VIF Growth and Income Portfolio, Initial Shares | BNY Mellon VIF Growth and Income Portfolio, Initial Shares | BNY Mellon VIF Growth and Income Portfolio, Initial Shares | BNY Mellon VIF Growth and Income Portfolio, Initial Shares | BNY Mellon VIF Growth and Income Portfolio, Initial Shares | BNY Mellon VIF Growth and Income Portfolio, Initial Shares |
| &nbsp;&nbsp;&nbsp;2025 | 3 | 169.31 | 169.31 | 449 | 0.45% | 1.40% | 1.40% | 15.21% | 15.21% |
| &nbsp;&nbsp;&nbsp;2024 | 3 | 146.95 | 146.95 | 421 | 0.54% | 1.40% | 1.40% | 21.01% | 21.01% |
| &nbsp;&nbsp;&nbsp;2023 | 3 | 121.44 | 121.44 | 406 | 0.66% | 1.40% | 1.40% | 24.93% | 24.93% |
| &nbsp;&nbsp;&nbsp;2022 | 3 | 101.49 | 97.21 | 289 | 0.77% | 1.25% | 1.40% | (4.00)% | (19.43)% |
| &nbsp;&nbsp;&nbsp;2021 | 4 | 120.64 | 105.72 | 412 | 0.47% | 1.25% | 1.55% | 29.15% | 8.72% |
| ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;2025 | 120 | 31.56 | 28.93 | 3561 | 0.00% | 0.20% | 1.20% | 8.14% | 7.06% |
| &nbsp;&nbsp;&nbsp;2024 | 154 | 29.18 | 27.03 | 4254 | 0.00% | 0.20% | 1.20% | 27.31% | 26.03% |
| &nbsp;&nbsp;&nbsp;2023 | 278 | 22.92 | 21.44 | 6076 | 0.00% | 0.20% | 1.20% | 43.38% | 41.96% |
| &nbsp;&nbsp;&nbsp;2022 | 309 | 15.99 | 15.11 | 4702 | 0.00% | 0.20% | 1.20% | (29.32)% | (36.26)% |
| &nbsp;&nbsp;&nbsp;2021 | 363 | 23.70 | 22.62 | 8280 | 0.00% | 0.20% | 1.20% | 25.93% | 15.82% |
| ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;2025 | 38 | 17.06 | 15.91 | 638 | 0.01% | 0.40% | 1.20% | 3.66% | 2.84% |
| &nbsp;&nbsp;&nbsp;2024 | 43 | 16.46 | 15.48 | 691 | 0.33% | 0.40% | 1.20% | 9.29% | 8.41% |
| &nbsp;&nbsp;&nbsp;2023 | 66 | 15.06 | 14.27 | 969 | 0.02% | 0.40% | 1.20% | 12.17% | 11.28% |
| &nbsp;&nbsp;&nbsp;2022 | 78 | 13.42 | 12.83 | 1024 | 0.09% | 0.40% | 1.20% | (22.99)% | (29.75)% |
| &nbsp;&nbsp;&nbsp;2021 | 83 | 18.26 | 17.43 | 1473 | 0.03% | 0.20% | 1.20% | 32.90% | 23.18% |
| ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;2025 | 109 | 22.24 | 19.74 | 2236 | 0.00% | 0.20% | 1.20% | 8.75% | 7.67% |
| &nbsp;&nbsp;&nbsp;2024 | 132 | 20.45 | 18.33 | 2511 | 0.00% | 0.20% | 1.20% | 4.03% | 2.98% |
| &nbsp;&nbsp;&nbsp;2023 | 235 | 19.66 | 17.80 | 4302 | 0.00% | 0.20% | 1.20% | 7.91% | 6.84% |
| &nbsp;&nbsp;&nbsp;2022 | 287 | 18.22 | 16.66 | 4874 | 0.00% | 0.20% | 1.20% | (23.28)% | (35.69)% |
| &nbsp;&nbsp;&nbsp;2021 | 342 | 25.91 | 23.75 | 8273 | 0.00% | 0.20% | 1.20% | 18.20% | 3.49% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Columbia VP Select Small Cap Value Fund, Class 2 | Columbia VP Select Small Cap Value Fund, Class 2 | Columbia VP Select Small Cap Value Fund, Class 2 | Columbia VP Select Small Cap Value Fund, Class 2 | Columbia VP Select Small Cap Value Fund, Class 2 | Columbia VP Select Small Cap Value Fund, Class 2 | Columbia VP Select Small Cap Value Fund, Class 2 | Columbia VP Select Small Cap Value Fund, Class 2 | Columbia VP Select Small Cap Value Fund, Class 2 | Columbia VP Select Small Cap Value Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;2025 | 10 | $27.97 | $27.36 | $286 | 0.00% | 1.25% | 1.40% | 4.98% | 4.82% |
| &nbsp;&nbsp;&nbsp;2024 | 11 | 26.65 | 26.10 | 278 | 0.00% | 1.25% | 1.40% | 12.24% | 12.07% |
| &nbsp;&nbsp;&nbsp;2023 | 15 | 23.74 | 23.29 | 348 | 0.00% | 1.25% | 1.40% | 11.45% | 11.28% |
| &nbsp;&nbsp;&nbsp;2022 | 14 | 21.30 | 20.93 | 297 | 0.00% | 1.25% | 1.40% | (13.23)% | (17.44)% |
| &nbsp;&nbsp;&nbsp;2021 | 15 | 25.35 | 24.55 | 381 | 0.00% | 1.25% | 1.55% | 30.87% | 24.87% |
| Columbia VP Seligman Global Technology Fund, Class 1 | Columbia VP Seligman Global Technology Fund, Class 1 | Columbia VP Seligman Global Technology Fund, Class 1 | Columbia VP Seligman Global Technology Fund, Class 1 | Columbia VP Seligman Global Technology Fund, Class 1 | Columbia VP Seligman Global Technology Fund, Class 1 | Columbia VP Seligman Global Technology Fund, Class 1 | Columbia VP Seligman Global Technology Fund, Class 1 | Columbia VP Seligman Global Technology Fund, Class 1 | Columbia VP Seligman Global Technology Fund, Class 1 |
| &nbsp;&nbsp;&nbsp;2025 | 91 | 114.82 | 112.30 | 10283 | 0.00% | 1.25% | 1.40% | 33.06% | 32.86% |
| &nbsp;&nbsp;&nbsp;2024 | 104 | 86.30 | 84.53 | 8797 | 0.00% | 1.25% | 1.40% | 25.33% | 25.14% |
| &nbsp;&nbsp;&nbsp;2023 | 111 | 68.86 | 67.55 | 7502 | 0.00% | 1.25% | 1.40% | 43.49% | 43.27% |
| &nbsp;&nbsp;&nbsp;2022 | 121 | 47.99 | 47.15 | 5713 | 0.00% | 1.25% | 1.40% | (30.35)% | (33.76)% |
| &nbsp;&nbsp;&nbsp;2021 | 129 | 71.17 | 68.90 | 9028 | 0.40% | 1.25% | 1.55% | 39.33% | 32.93% |
| Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;2025 | 2 | 248.62 | 239.22 | 398 | 0.00% | 1.25% | 1.40% | 32.70% | 32.50% |
| &nbsp;&nbsp;&nbsp;2024 | 2 | 187.35 | 180.54 | 366 | 0.00% | 1.25% | 1.40% | 25.00% | 24.81% |
| &nbsp;&nbsp;&nbsp;2023 | 2 | 149.88 | 144.65 | 283 | 0.00% | 1.25% | 1.40% | 43.08% | 42.86% |
| &nbsp;&nbsp;&nbsp;2022 | 2 | 104.75 | 101.25 | 160 | 0.00% | 1.25% | 1.40% | (28.14)% | (34.96)% |
| &nbsp;&nbsp;&nbsp;2021 | 2 | 155.66 | 145.77 | 248 | 0.29% | 1.25% | 1.55% | 41.28% | 28.26% |
| Columbia VP Small Cap Value Fund, Class 2 | Columbia VP Small Cap Value Fund, Class 2 | Columbia VP Small Cap Value Fund, Class 2 | Columbia VP Small Cap Value Fund, Class 2 | Columbia VP Small Cap Value Fund, Class 2 | Columbia VP Small Cap Value Fund, Class 2 | Columbia VP Small Cap Value Fund, Class 2 | Columbia VP Small Cap Value Fund, Class 2 | Columbia VP Small Cap Value Fund, Class 2 | Columbia VP Small Cap Value Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;2025 | 1 | 39.49 | 25.88 | 33 | 0.98% | 0.25% | 1.00% | 14.38% | 13.52% |
| &nbsp;&nbsp;&nbsp;2024 | 1 | 34.53 | 22.80 | 29 | 0.55% | 0.25% | 1.00% | 8.40% | 7.59% |
| &nbsp;&nbsp;&nbsp;2023 | 1 | 31.85 | 21.19 | 26 | 0.43% | 0.25% | 1.00% | 21.36% | 20.46% |
| &nbsp;&nbsp;&nbsp;2022 | 1 | 26.24 | 17.59 | 22 | 0.49% | 0.25% | 1.00% | 36.61% | (39.14)% |
| &nbsp;&nbsp;&nbsp;2021 | 1 | 28.90 | 19.21 | 24 | 0.51% | 0.25% | 1.20% | 88.77% | (14.58)% |
| Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;2025 | 163 | 12.71 | 11.77 | 2028 | 4.32% | 0.20% | 1.20% | 6.95% | 5.89% |
| &nbsp;&nbsp;&nbsp;2024 | 171 | 11.88 | 11.11 | 1997 | 4.23% | 0.20% | 1.20% | 4.30% | 3.25% |
| &nbsp;&nbsp;&nbsp;2023 | 217 | 11.39 | 10.76 | 2414 | 3.34% | 0.20% | 1.20% | 8.98% | 7.90% |
| &nbsp;&nbsp;&nbsp;2022 | 278 | 10.45 | 9.98 | 2845 | 2.77% | 0.20% | 1.20% | (8.39)% | (15.74)% |
| &nbsp;&nbsp;&nbsp;2021 | 323 | 11.84 | 11.41 | 3757 | 5.22% | 0.20% | 1.20% | 4.23% | (2.23)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Delaware VIP International Series, Service Class | Delaware VIP International Series, Service Class | Delaware VIP International Series, Service Class | Delaware VIP International Series, Service Class | Delaware VIP International Series, Service Class | Delaware VIP International Series, Service Class | Delaware VIP International Series, Service Class | Delaware VIP International Series, Service Class | Delaware VIP International Series, Service Class | Delaware VIP International Series, Service Class |
| &nbsp;&nbsp;&nbsp;2024 |  | $- | $- | $- | 1.89% | 1.20% | 1.20% | 1.48% | 1.48% |
| &nbsp;&nbsp;&nbsp;2023 | 21 | 9.76 | 9.76 | 206 | 1.24% | 1.20% | 1.20% | 11.93% | 11.93% |
| &nbsp;&nbsp;&nbsp;2022 | 40 | 8.72 | 8.72 | 348 | 1.29% | 1.20% | 1.20% | (18.55)% | (19.38)% |
| &nbsp;&nbsp;&nbsp;2021 | 44 | 10.82 | 10.71 | 476 | 0.95% | 0.20% | 1.20% | 6.39% | 5.31% |
| Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;2025 | 44 | 24.15 | 23.81 | 1067 | 2.11% | 0.55% | 0.75% | 19.29% | 19.05% |
| &nbsp;&nbsp;&nbsp;2024 | 44 | 20.24 | 20.00 | 895 | 1.92% | 0.55% | 0.75% | 14.46% | 5.47% |
| &nbsp;&nbsp;&nbsp;2023 | 44 | 17.69 | 17.69 | 781 | 2.22% | 0.55% | 0.55% | 19.49% | 19.49% |
| &nbsp;&nbsp;&nbsp;2022 | 44 | 14.80 | 14.80 | 654 | 1.80% | 0.55% | 0.55% | (13.65)% | (14.15)% |
| &nbsp;&nbsp;&nbsp;2021 | 44 | 17.24 | 17.14 | 762 | 2.16% | 0.55% | 0.75% | 23.67% | 22.96% |
| Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;2025 | 3 | 10.88 | 10.88 | 32 | 4.21% | 0.55% | 0.55% | 3.78% | 3.78% |
| &nbsp;&nbsp;&nbsp;2024 | 3 | 10.49 | 10.49 | 30 | 2.59% | 0.55% | 0.55% | 4.80% | 4.80% |
| &nbsp;&nbsp;&nbsp;2023 | 7 | 10.00 | 10.00 | 70 | 3.98% | 0.55% | 0.55% | 4.48% | 4.48% |
| &nbsp;&nbsp;&nbsp;2022 | 7 | 9.58 | 9.58 | 67 | 1.53% | 0.55% | 0.55% | (6.30)% | (6.85)% |
| &nbsp;&nbsp;&nbsp;2021 | 8 | 10.28 | 10.22 | 77 | 0.75% | 0.55% | 0.75% | (1.15)% | (2.20)% |
| Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;2025 | 63 | 18.94 | 18.67 | 1179 | 1.68% | 0.55% | 0.75% | 14.05% | 13.83% |
| &nbsp;&nbsp;&nbsp;2024 | 120 | 16.60 | 16.41 | 1972 | 4.16% | 0.55% | 0.75% | 11.37% | 5.70% |
| &nbsp;&nbsp;&nbsp;2023 | 22 | 14.91 | 14.91 | 327 | 2.72% | 0.55% | 0.55% | 14.10% | 14.10% |
| &nbsp;&nbsp;&nbsp;2022 | 22 | 13.07 | 13.07 | 286 | 1.47% | 0.55% | 0.55% | (10.93)% | (11.47)% |
| &nbsp;&nbsp;&nbsp;2021 | 22 | 14.76 | 14.67 | 323 | 1.48% | 0.55% | 0.75% | 13.63% | 12.93% |
| Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;2025 | 23 | 16.66 | 14.71 | 353 | 3.32% | 0.55% | 1.55% | 36.24% | 34.88% |
| &nbsp;&nbsp;&nbsp;2024 | 43 | 12.23 | 10.91 | 495 | 2.79% | 0.55% | 1.55% | 3.24% | 2.21% |
| &nbsp;&nbsp;&nbsp;2023 | 67 | 11.84 | 10.67 | 754 | 2.88% | 0.55% | 1.55% | 13.49% | 12.36% |
| &nbsp;&nbsp;&nbsp;2022 | 87 | 10.44 | 9.50 | 871 | 2.53% | 0.55% | 1.55% | (10.88)% | (25.47)% |
| &nbsp;&nbsp;&nbsp;2021 | 94 | 12.74 | 11.71 | 1156 | 2.59% | 0.55% | 1.55% | 22.74% | 4.74% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;2025 | 48 | $19.82 | $17.40 | $879 | 4.16% | 0.55% | 1.55% | 44.84% | 43.40% |
| &nbsp;&nbsp;&nbsp;2024 | 76 | 13.69 | 12.13 | 989 | 3.55% | 0.55% | 1.55% | 6.03% | 4.97% |
| &nbsp;&nbsp;&nbsp;2023 | 99 | 12.91 | 11.56 | 1226 | 4.55% | 0.55% | 1.55% | 17.21% | 16.05% |
| &nbsp;&nbsp;&nbsp;2022 | 118 | 11.01 | 9.96 | 1236 | 3.85% | 0.55% | 1.55% | 5.07% | (13.18)% |
| &nbsp;&nbsp;&nbsp;2021 | 125 | 11.47 | 10.48 | 1365 | 3.96% | 0.55% | 1.55% | 27.30% | 7.38% |
| Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;2025 | 58 | 11.31 | 11.31 | 659 | 4.37% | 0.55% | 0.55% | 3.76% | 3.76% |
| &nbsp;&nbsp;&nbsp;2024 | 48 | 10.90 | 10.90 | 527 | 6.77% | 0.55% | 0.55% | 4.90% | 4.90% |
| &nbsp;&nbsp;&nbsp;2023 | 3 | 10.39 | 10.39 | 34 | 3.86% | 0.55% | 0.55% | 4.41% | 4.41% |
| &nbsp;&nbsp;&nbsp;2022 | 3 | 9.95 | 9.95 | 33 | 0.53% | 0.55% | 0.55% | (1.06)% | (1.74)% |
| &nbsp;&nbsp;&nbsp;2021 | 9 | 10.13 | 10.06 | 94 | 0.01% | 0.55% | 0.75% | (0.30)% | (1.37)% |
| Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;2025 | 142 | 19.76 | 16.95 | 2632 | 1.84% | 0.55% | 1.55% | 15.19% | 14.05% |
| &nbsp;&nbsp;&nbsp;2024 | 183 | 17.15 | 14.86 | 2968 | 1.87% | 0.55% | 1.55% | 12.76% | 11.63% |
| &nbsp;&nbsp;&nbsp;2023 | 225 | 15.21 | 13.32 | 3255 | 2.02% | 0.55% | 1.55% | 10.32% | 9.22% |
| &nbsp;&nbsp;&nbsp;2022 | 272 | 13.79 | 12.19 | 3563 | 2.18% | 0.55% | 1.55% | 5.92% | (16.38)% |
| &nbsp;&nbsp;&nbsp;2021 | 298 | 14.58 | 13.02 | 4155 | 1.75% | 0.55% | 1.55% | 40.06% | 12.82% |
| Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;2025 | 45 | 20.24 | 17.92 | 835 | 1.72% | 0.55% | 1.55% | 8.35% | 7.27% |
| &nbsp;&nbsp;&nbsp;2024 | 63 | 18.68 | 16.70 | 1105 | 1.01% | 0.55% | 1.55% | 7.54% | 6.47% |
| &nbsp;&nbsp;&nbsp;2023 | 142 | 17.37 | 15.69 | 2281 | 1.42% | 0.55% | 1.55% | 19.38% | 18.19% |
| &nbsp;&nbsp;&nbsp;2022 | 171 | 14.55 | 13.27 | 2327 | 1.29% | 0.55% | 1.55% | 3.41% | (13.07)% |
| &nbsp;&nbsp;&nbsp;2021 | 175 | 15.27 | 14.07 | 2521 | 1.43% | 0.55% | 1.55% | 49.27% | 28.03% |
| DWS Capital Growth VIP, Class B | DWS Capital Growth VIP, Class B | DWS Capital Growth VIP, Class B | DWS Capital Growth VIP, Class B | DWS Capital Growth VIP, Class B | DWS Capital Growth VIP, Class B | DWS Capital Growth VIP, Class B | DWS Capital Growth VIP, Class B | DWS Capital Growth VIP, Class B | DWS Capital Growth VIP, Class B |
| &nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 0.00% | 0.20% | 1.20% | 17.41% | 16.86% |
| &nbsp;&nbsp;&nbsp;2023 | 34 | 27.04 | 25.27 | 1435 | 0.00% | 0.20% | 1.20% | 37.90% | 36.53% |
| &nbsp;&nbsp;&nbsp;2022 | 62 | 19.61 | 24.24 | 1924 | 0.00% | 0.20% | 1.20% | (27.68)% | (55.14)% |
| &nbsp;&nbsp;&nbsp;2021 | 65 | 54.02 | 27.11 | 2888 | 0.00% | 0.20% | 1.20% | 84.12% | 16.50% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| DWS CROCI U.S. VIP, Class B | DWS CROCI U.S. VIP, Class B | DWS CROCI U.S. VIP, Class B | DWS CROCI U.S. VIP, Class B | DWS CROCI U.S. VIP, Class B | DWS CROCI U.S. VIP, Class B | DWS CROCI U.S. VIP, Class B | DWS CROCI U.S. VIP, Class B | DWS CROCI U.S. VIP, Class B | DWS CROCI U.S. VIP, Class B |
| &nbsp;&nbsp;&nbsp;2024 |  | $- | $- | $- | 1.22% | 0.25% | 1.00% | 9.81% | 9.43% |
| &nbsp;&nbsp;&nbsp;2023 | 3 | 21.75 | 15.18 | 49 | 1.39% | 0.25% | 1.00% | 20.07% | 19.18% |
| &nbsp;&nbsp;&nbsp;2022 | 3 | 18.11 | 12.74 | 43 | 1.59% | 0.25% | 1.00% | 20.68% | (40.85)% |
| &nbsp;&nbsp;&nbsp;2021 | 3 | 21.53 | 15.01 | 60 | 1.64% | 0.25% | 1.20% | 78.97% | (12.22)% |
| DWS Global Small Cap VIP, Class B | DWS Global Small Cap VIP, Class B | DWS Global Small Cap VIP, Class B | DWS Global Small Cap VIP, Class B | DWS Global Small Cap VIP, Class B | DWS Global Small Cap VIP, Class B | DWS Global Small Cap VIP, Class B | DWS Global Small Cap VIP, Class B | DWS Global Small Cap VIP, Class B | DWS Global Small Cap VIP, Class B |
| &nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 1.16% | 0.25% | 1.20% | (0.40)% | (0.84)% |
| &nbsp;&nbsp;&nbsp;2023 | 2 | 20.99 | 12.33 | 30 | 0.60% | 0.25% | 1.20% | 23.89% | 22.72% |
| &nbsp;&nbsp;&nbsp;2022 | 2 | 16.94 | 10.05 | 24 | 0.25% | 0.25% | 1.20% | 26.25% | (55.17)% |
| &nbsp;&nbsp;&nbsp;2021 | 2 | 22.41 | 13.42 | 34 | 0.07% | 0.20% | 1.20% | 89.27% | (31.53)% |
| DWS Small Mid Cap Value VIP, Class B | DWS Small Mid Cap Value VIP, Class B | DWS Small Mid Cap Value VIP, Class B | DWS Small Mid Cap Value VIP, Class B | DWS Small Mid Cap Value VIP, Class B | DWS Small Mid Cap Value VIP, Class B | DWS Small Mid Cap Value VIP, Class B | DWS Small Mid Cap Value VIP, Class B | DWS Small Mid Cap Value VIP, Class B | DWS Small Mid Cap Value VIP, Class B |
| &nbsp;&nbsp;&nbsp;2025 | 12 | 29.52 | 19.59 | 356 | 0.56% | 0.25% | 1.00% | 17.55% | 16.67% |
| &nbsp;&nbsp;&nbsp;2024 | 12 | 25.11 | 16.79 | 303 | 0.81% | 0.25% | 1.00% | 5.53% | 4.73% |
| &nbsp;&nbsp;&nbsp;2023 | 12 | 23.79 | 16.03 | 289 | 0.80% | 0.25% | 1.00% | 14.30% | 13.45% |
| &nbsp;&nbsp;&nbsp;2022 | 12 | 20.82 | 14.13 | 257 | 0.46% | 0.25% | 1.00% | 24.36% | (43.23)% |
| &nbsp;&nbsp;&nbsp;2021 | 12 | 24.89 | 16.74 | 307 | 0.86% | 0.25% | 1.20% | 88.28% | (12.72)% |
| Eaton Vance VT Floating-Rate Income Fund, Initial Class | Eaton Vance VT Floating-Rate Income Fund, Initial Class | Eaton Vance VT Floating-Rate Income Fund, Initial Class | Eaton Vance VT Floating-Rate Income Fund, Initial Class | Eaton Vance VT Floating-Rate Income Fund, Initial Class | Eaton Vance VT Floating-Rate Income Fund, Initial Class | Eaton Vance VT Floating-Rate Income Fund, Initial Class | Eaton Vance VT Floating-Rate Income Fund, Initial Class | Eaton Vance VT Floating-Rate Income Fund, Initial Class | Eaton Vance VT Floating-Rate Income Fund, Initial Class |
| &nbsp;&nbsp;&nbsp;2025 | 234 | 13.91 | 13.26 | 3215 | 6.74% | 0.20% | 1.20% | 3.75% | 2.71% |
| &nbsp;&nbsp;&nbsp;2024 | 305 | 13.41 | 12.91 | 4040 | 7.91% | 0.20% | 1.20% | 7.46% | 6.39% |
| &nbsp;&nbsp;&nbsp;2023 | 422 | 12.48 | 12.14 | 5185 | 8.18% | 0.20% | 1.20% | 10.99% | 9.89% |
| &nbsp;&nbsp;&nbsp;2022 | 802 | 11.24 | 11.05 | 8946 | 4.63% | 0.20% | 1.20% | (2.00)% | (8.94)% |
| &nbsp;&nbsp;&nbsp;2021 | 786 | 12.13 | 11.47 | 9089 | 2.87% | 0.20% | 1.20% | 8.01% | 2.41% |
| Empower Aggressive Profile Fund, Investor Class | Empower Aggressive Profile Fund, Investor Class | Empower Aggressive Profile Fund, Investor Class | Empower Aggressive Profile Fund, Investor Class | Empower Aggressive Profile Fund, Investor Class | Empower Aggressive Profile Fund, Investor Class | Empower Aggressive Profile Fund, Investor Class | Empower Aggressive Profile Fund, Investor Class | Empower Aggressive Profile Fund, Investor Class | Empower Aggressive Profile Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 213 | 21.86 | 20.04 | 4446 | 1.82% | 0.20% | 1.20% | 17.19% | 16.02% |
| &nbsp;&nbsp;&nbsp;2024 | 259 | 18.65 | 17.27 | 4635 | 2.90% | 0.20% | 1.20% | 11.72% | 10.60% |
| &nbsp;&nbsp;&nbsp;2023 | 346 | 16.69 | 15.62 | 5530 | 2.83% | 0.20% | 1.20% | 16.71% | 15.55% |
| &nbsp;&nbsp;&nbsp;2022 | 489 | 14.30 | 13.52 | 6718 | 1.53% | 0.20% | 1.20% | (11.26)% | (20.03)% |
| &nbsp;&nbsp;&nbsp;2021 | 538 | 16.90 | 16.12 | 8772 | 5.36% | 0.20% | 1.20% | 23.72% | 13.76% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Empower Ariel Mid Cap Value Fund, Investor Class | Empower Ariel Mid Cap Value Fund, Investor Class | Empower Ariel Mid Cap Value Fund, Investor Class | Empower Ariel Mid Cap Value Fund, Investor Class | Empower Ariel Mid Cap Value Fund, Investor Class | Empower Ariel Mid Cap Value Fund, Investor Class | Empower Ariel Mid Cap Value Fund, Investor Class | Empower Ariel Mid Cap Value Fund, Investor Class | Empower Ariel Mid Cap Value Fund, Investor Class | Empower Ariel Mid Cap Value Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2024 |  | $- | $- | $- | 6.05% | 0.20% | 1.20% | 6.13% | 5.26% |
| &nbsp;&nbsp;&nbsp;2023 | 69 | 15.97 | 14.90 | 1176 | 2.39% | 0.20% | 1.20% | 10.23% | 9.13% |
| &nbsp;&nbsp;&nbsp;2022 | 85 | 14.49 | 13.65 | 1302 | 4.88% | 0.20% | 1.20% | (8.72)% | (57.62)% |
| &nbsp;&nbsp;&nbsp;2021 | 110 | 32.21 | 15.87 | 1910 | 2.26% | 0.20% | 1.20% | 153.02% | 19.86% |
| Empower Bond Index Fund, Investor Class | Empower Bond Index Fund, Investor Class | Empower Bond Index Fund, Investor Class | Empower Bond Index Fund, Investor Class | Empower Bond Index Fund, Investor Class | Empower Bond Index Fund, Investor Class | Empower Bond Index Fund, Investor Class | Empower Bond Index Fund, Investor Class | Empower Bond Index Fund, Investor Class | Empower Bond Index Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 1084 | 11.11 | 10.22 | 11998 | 2.44% | 0.20% | 1.20% | 6.40% | 5.35% |
| &nbsp;&nbsp;&nbsp;2024 | 1371 | 10.44 | 9.70 | 14261 | 2.25% | 0.20% | 1.20% | 0.62% | (0.39)% |
| &nbsp;&nbsp;&nbsp;2023 | 1541 | 10.37 | 9.74 | 15841 | 2.05% | 0.20% | 1.20% | 4.81% | 3.77% |
| &nbsp;&nbsp;&nbsp;2022 | 1516 | 9.90 | 9.38 | 14866 | 1.15% | 0.20% | 1.20% | (10.01)% | (24.40)% |
| &nbsp;&nbsp;&nbsp;2021 | 1771 | 12.41 | 11.00 | 20202 | 0.80% | 0.20% | 1.20% | 6.07% | (6.78)% |
| Empower Conservative Profile Fund, Class L | Empower Conservative Profile Fund, Class L | Empower Conservative Profile Fund, Class L | Empower Conservative Profile Fund, Class L | Empower Conservative Profile Fund, Class L | Empower Conservative Profile Fund, Class L | Empower Conservative Profile Fund, Class L | Empower Conservative Profile Fund, Class L | Empower Conservative Profile Fund, Class L | Empower Conservative Profile Fund, Class L |
| &nbsp;&nbsp;&nbsp;2025 | 295 | 13.83 | 12.68 | 3795 | 1.96% | 0.20% | 1.20% | 7.77% | 6.70% |
| &nbsp;&nbsp;&nbsp;2024 | 305 | 12.44 | 11.89 | 3665 | 1.64% | 0.20% | 1.20% | 1.39% | 3.54% |
| &nbsp;&nbsp;&nbsp;2023 | 537 | 12.27 | 11.48 | 6251 | 1.99% | 0.20% | 1.20% | 7.82% | 6.75% |
| &nbsp;&nbsp;&nbsp;2022 | 630 | 11.38 | 10.76 | 6853 | 1.08% | 0.20% | 1.20% | (6.08)% | (15.31)% |
| &nbsp;&nbsp;&nbsp;2021 | 718 | 12.70 | 12.12 | 8766 | 1.52% | 0.20% | 1.20% | 9.86% | 1.08% |
| Empower Conservative Profile Fund, Investor Class | Empower Conservative Profile Fund, Investor Class | Empower Conservative Profile Fund, Investor Class | Empower Conservative Profile Fund, Investor Class | Empower Conservative Profile Fund, Investor Class | Empower Conservative Profile Fund, Investor Class | Empower Conservative Profile Fund, Investor Class | Empower Conservative Profile Fund, Investor Class | Empower Conservative Profile Fund, Investor Class | Empower Conservative Profile Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 603 | 14.12 | 12.94 | 8182 | 2.56% | 0.20% | 1.20% | 7.97% | 6.90% |
| &nbsp;&nbsp;&nbsp;2024 | 657 | 13.08 | 12.11 | 8270 | 2.98% | 0.20% | 1.20% | 4.88% | 3.83% |
| &nbsp;&nbsp;&nbsp;2023 | 676 | 12.47 | 11.66 | 8089 | 2.88% | 0.20% | 1.20% | 8.03% | 6.96% |
| &nbsp;&nbsp;&nbsp;2022 | 763 | 11.54 | 10.90 | 8495 | 1.59% | 0.20% | 1.20% | (5.79)% | (15.08)% |
| &nbsp;&nbsp;&nbsp;2021 | 1193 | 12.84 | 12.25 | 14827 | 2.39% | 0.20% | 1.20% | 10.12% | 1.24% |
| Empower Core Bond Fund, Investor Class | Empower Core Bond Fund, Investor Class | Empower Core Bond Fund, Investor Class | Empower Core Bond Fund, Investor Class | Empower Core Bond Fund, Investor Class | Empower Core Bond Fund, Investor Class | Empower Core Bond Fund, Investor Class | Empower Core Bond Fund, Investor Class | Empower Core Bond Fund, Investor Class | Empower Core Bond Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 806 | 11.49 | 10.69 | 9383 | 3.54% | 0.20% | 1.20% | 6.54% | 5.48% |
| &nbsp;&nbsp;&nbsp;2024 | 561 | 10.79 | 10.14 | 6181 | 2.89% | 0.20% | 1.20% | 1.32% | 0.31% |
| &nbsp;&nbsp;&nbsp;2023 | 617 | 10.65 | 10.11 | 6704 | 2.24% | 0.20% | 1.20% | 5.99% | 4.94% |
| &nbsp;&nbsp;&nbsp;2022 | 684 | 10.05 | 9.63 | 6984 | 1.12% | 0.20% | 1.20% | (12.04)% | (26.55)% |
| &nbsp;&nbsp;&nbsp;2021 | 806 | 13.11 | 11.42 | 9636 | 0.79% | 0.20% | 1.20% | 11.57% | (4.91)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Empower Emerging Markets Equity Fund, Investor Class | Empower Emerging Markets Equity Fund, Investor Class | Empower Emerging Markets Equity Fund, Investor Class | Empower Emerging Markets Equity Fund, Investor Class | Empower Emerging Markets Equity Fund, Investor Class | Empower Emerging Markets Equity Fund, Investor Class | Empower Emerging Markets Equity Fund, Investor Class | Empower Emerging Markets Equity Fund, Investor Class | Empower Emerging Markets Equity Fund, Investor Class | Empower Emerging Markets Equity Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 27 | $14.02 | $12.99 | $366 | 1.07% | 0.20% | 1.20% | 32.52% | 31.20% |
| &nbsp;&nbsp;&nbsp;2024 | 48 | 10.58 | 9.90 | 502 | 1.18% | 0.20% | 1.20% | 9.63% | 8.53% |
| &nbsp;&nbsp;&nbsp;2023 | 70 | 9.65 | 9.12 | 669 | 1.92% | 0.20% | 1.20% | 9.45% | 8.37% |
| &nbsp;&nbsp;&nbsp;2022 | 91 | 8.82 | 8.42 | 789 | 1.20% | 0.20% | 1.20% | (19.60)% | (26.03)% |
| &nbsp;&nbsp;&nbsp;2021 | 86 | 11.38 | 10.97 | 962 | 1.34% | 0.20% | 1.20% | (2.07)% | (8.05)% |
| Empower Global Bond Fund, Investor Class | Empower Global Bond Fund, Investor Class | Empower Global Bond Fund, Investor Class | Empower Global Bond Fund, Investor Class | Empower Global Bond Fund, Investor Class | Empower Global Bond Fund, Investor Class | Empower Global Bond Fund, Investor Class | Empower Global Bond Fund, Investor Class | Empower Global Bond Fund, Investor Class | Empower Global Bond Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 147 | 9.79 | 8.61 | 1412 | 2.92% | 0.20% | 1.20% | 7.32% | 6.25% |
| &nbsp;&nbsp;&nbsp;2024 | 193 | 9.13 | 8.10 | 1724 | 2.12% | 0.20% | 1.20% | (1.07)% | (2.06)% |
| &nbsp;&nbsp;&nbsp;2023 | 302 | 9.23 | 8.27 | 2631 | 0.87% | 0.20% | 1.20% | 4.92% | 3.88% |
| &nbsp;&nbsp;&nbsp;2022 | 388 | 8.79 | 7.96 | 3232 | 0.76% | 0.20% | 1.20% | (5.97)% | (31.01)% |
| &nbsp;&nbsp;&nbsp;2021 | 440 | 11.54 | 9.35 | 4333 | 0.07% | 0.20% | 1.20% | 13.03% | (15.46)% |
| Empower Government Money Market Fund, Investor Class | Empower Government Money Market Fund, Investor Class | Empower Government Money Market Fund, Investor Class | Empower Government Money Market Fund, Investor Class | Empower Government Money Market Fund, Investor Class | Empower Government Money Market Fund, Investor Class | Empower Government Money Market Fund, Investor Class | Empower Government Money Market Fund, Investor Class | Empower Government Money Market Fund, Investor Class | Empower Government Money Market Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 2.26% | 0.20% | 1.20% | 2.18% | 1.72% |
| &nbsp;&nbsp;&nbsp;2023 | 4395 | 10.84 | 9.93 | 45713 | 4.44% | 0.20% | 1.20% | 4.33% | 3.30% |
| &nbsp;&nbsp;&nbsp;2022 | 5312 | 10.39 | 9.62 | 53115 | 1.28% | 0.20% | 1.20% | 10.30% | (6.55)% |
| &nbsp;&nbsp;&nbsp;2021 | 4098 | 10.29 | 9.42 | 40446 | 0.01% | 0.20% | 1.20% | 5.76% | (8.63)% |
| Empower High Yield Bond Fund, Investor Class | Empower High Yield Bond Fund, Investor Class | Empower High Yield Bond Fund, Investor Class | Empower High Yield Bond Fund, Investor Class | Empower High Yield Bond Fund, Investor Class | Empower High Yield Bond Fund, Investor Class | Empower High Yield Bond Fund, Investor Class | Empower High Yield Bond Fund, Investor Class | Empower High Yield Bond Fund, Investor Class | Empower High Yield Bond Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 36 | 15.20 | 14.65 | 562 | 3.42% | 0.20% | 1.20% | 8.74% | 7.66% |
| &nbsp;&nbsp;&nbsp;2024 | 61 | 13.97 | 13.61 | 872 | 3.83% | 0.20% | 1.20% | 7.42% | 6.35% |
| &nbsp;&nbsp;&nbsp;2023 | 77 | 13.01 | 12.79 | 1004 | 5.16% | 0.20% | 1.20% | 10.91% | 9.81% |
| &nbsp;&nbsp;&nbsp;2022 | 117 | 11.73 | 11.65 | 1385 | 3.09% | 0.20% | 1.20% | (11.08)% | (35.63)% |
| &nbsp;&nbsp;&nbsp;2021 | 139 | 18.10 | 13.19 | 1873 | 3.04% | 0.20% | 1.20% | 38.70% | 2.41% |
| Empower Inflation-Protected Securities Fund, Investor Class | Empower Inflation-Protected Securities Fund, Investor Class | Empower Inflation-Protected Securities Fund, Investor Class | Empower Inflation-Protected Securities Fund, Investor Class | Empower Inflation-Protected Securities Fund, Investor Class | Empower Inflation-Protected Securities Fund, Investor Class | Empower Inflation-Protected Securities Fund, Investor Class | Empower Inflation-Protected Securities Fund, Investor Class | Empower Inflation-Protected Securities Fund, Investor Class | Empower Inflation-Protected Securities Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 21 | 12.30 | 11.40 | 255 | 3.23% | 0.20% | 1.20% | 6.53% | 5.47% |
| &nbsp;&nbsp;&nbsp;2024 | 30 | 11.55 | 10.80 | 336 | 3.24% | 0.20% | 1.20% | 2.59% | 1.57% |
| &nbsp;&nbsp;&nbsp;2023 | 45 | 11.26 | 10.64 | 485 | 3.98% | 0.20% | 1.20% | 4.55% | 3.51% |
| &nbsp;&nbsp;&nbsp;2022 | 59 | 10.77 | 10.28 | 621 | 4.97% | 0.20% | 1.20% | (5.71)% | (13.27)% |
| &nbsp;&nbsp;&nbsp;2021 | 62 | 11.85 | 11.42 | 713 | 2.33% | 0.20% | 1.20% | 7.43% | 0.79% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Empower International Growth Fund, Investor Class | Empower International Growth Fund, Investor Class | Empower International Growth Fund, Investor Class | Empower International Growth Fund, Investor Class | Empower International Growth Fund, Investor Class | Empower International Growth Fund, Investor Class | Empower International Growth Fund, Investor Class | Empower International Growth Fund, Investor Class | Empower International Growth Fund, Investor Class | Empower International Growth Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 46 | $17.77 | $14.42 | $705 | 0.00% | 0.20% | 1.20% | 11.33% | 10.22% |
| &nbsp;&nbsp;&nbsp;2024 | 56 | 15.97 | 14.62 | 768 | 0.97% | 0.20% | 1.20% | 3.85% | 9.25% |
| &nbsp;&nbsp;&nbsp;2023 | 91 | 15.37 | 13.38 | 1230 | 0.00% | 0.20% | 1.20% | 16.31% | 15.16% |
| &nbsp;&nbsp;&nbsp;2022 | 149 | 13.22 | 11.62 | 1707 | 0.00% | 0.20% | 1.20% | (17.70)% | (54.43)% |
| &nbsp;&nbsp;&nbsp;2021 | 185 | 25.50 | 16.06 | 3059 | 0.13% | 0.20% | 1.20% | 58.19% | (10.63)% |
| Empower International Index Fund, Investor Class | Empower International Index Fund, Investor Class | Empower International Index Fund, Investor Class | Empower International Index Fund, Investor Class | Empower International Index Fund, Investor Class | Empower International Index Fund, Investor Class | Empower International Index Fund, Investor Class | Empower International Index Fund, Investor Class | Empower International Index Fund, Investor Class | Empower International Index Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 474 | 20.55 | 16.85 | 9805 | 2.26% | 0.20% | 1.20% | 30.66% | 29.36% |
| &nbsp;&nbsp;&nbsp;2024 | 666 | 15.73 | 13.03 | 10464 | 1.92% | 0.20% | 1.20% | 2.71% | 1.69% |
| &nbsp;&nbsp;&nbsp;2023 | 752 | 15.32 | 12.81 | 11317 | 2.13% | 0.20% | 1.20% | 17.28% | 16.12% |
| &nbsp;&nbsp;&nbsp;2022 | 949 | 13.06 | 11.03 | 11992 | 1.56% | 0.20% | 1.20% | (0.31)% | (45.25)% |
| &nbsp;&nbsp;&nbsp;2021 | 1129 | 20.15 | 13.10 | 16726 | 2.16% | 0.20% | 1.20% | 64.89% | (5.69)% |
| Empower International Value Fund, Investor Class | Empower International Value Fund, Investor Class | Empower International Value Fund, Investor Class | Empower International Value Fund, Investor Class | Empower International Value Fund, Investor Class | Empower International Value Fund, Investor Class | Empower International Value Fund, Investor Class | Empower International Value Fund, Investor Class | Empower International Value Fund, Investor Class | Empower International Value Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 163 | 22.86 | 20.72 | 4054 | 1.55% | 0.20% | 1.20% | 38.82% | 37.45% |
| &nbsp;&nbsp;&nbsp;2024 | 185 | 16.47 | 17.82 | 3300 | 1.54% | 0.20% | 1.20% | 5.25% | 10.53% |
| &nbsp;&nbsp;&nbsp;2023 | 227 | 15.65 | 16.12 | 3808 | 1.35% | 0.20% | 1.20% | 17.79% | 16.62% |
| &nbsp;&nbsp;&nbsp;2022 | 281 | 13.28 | 13.83 | 3924 | 1.11% | 0.20% | 1.20% | (10.25)% | (40.46)% |
| &nbsp;&nbsp;&nbsp;2021 | 320 | 23.22 | 14.80 | 5242 | 1.58% | 0.20% | 1.20% | 54.18% | 4.30% |
| Empower Large Cap Growth Fund, Investor Class | Empower Large Cap Growth Fund, Investor Class | Empower Large Cap Growth Fund, Investor Class | Empower Large Cap Growth Fund, Investor Class | Empower Large Cap Growth Fund, Investor Class | Empower Large Cap Growth Fund, Investor Class | Empower Large Cap Growth Fund, Investor Class | Empower Large Cap Growth Fund, Investor Class | Empower Large Cap Growth Fund, Investor Class | Empower Large Cap Growth Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 161 | 43.67 | 41.00 | 6955 | 0.00% | 0.20% | 1.20% | 13.75% | 12.62% |
| &nbsp;&nbsp;&nbsp;2024 | 176 | 38.39 | 36.41 | 6653 | 0.00% | 0.20% | 1.20% | 25.19% | 23.94% |
| &nbsp;&nbsp;&nbsp;2023 | 208 | 30.67 | 29.38 | 6270 | 0.10% | 0.20% | 1.20% | 33.31% | 31.99% |
| &nbsp;&nbsp;&nbsp;2022 | 248 | 23.00 | 22.26 | 5618 | 0.36% | 0.20% | 1.20% | (21.52)% | (28.07)% |
| &nbsp;&nbsp;&nbsp;2021 | 266 | 30.94 | 29.31 | 7874 | 0.86% | 0.20% | 1.20% | 26.03% | 17.85% |
| Empower Large Cap Value Fund, Investor Class | Empower Large Cap Value Fund, Investor Class | Empower Large Cap Value Fund, Investor Class | Empower Large Cap Value Fund, Investor Class | Empower Large Cap Value Fund, Investor Class | Empower Large Cap Value Fund, Investor Class | Empower Large Cap Value Fund, Investor Class | Empower Large Cap Value Fund, Investor Class | Empower Large Cap Value Fund, Investor Class | Empower Large Cap Value Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 169 | 20.14 | 18.93 | 3293 | 0.14% | 0.20% | 1.20% | 16.69% | 15.53% |
| &nbsp;&nbsp;&nbsp;2024 | 210 | 17.26 | 16.39 | 3519 | 0.07% | 0.20% | 1.20% | 15.15% | 13.99% |
| &nbsp;&nbsp;&nbsp;2023 | 245 | 14.99 | 14.38 | 3563 | 0.03% | 0.20% | 1.20% | 12.05% | 10.94% |
| &nbsp;&nbsp;&nbsp;2022 | 448 | 13.38 | 12.96 | 5871 | 0.05% | 0.20% | 1.20% | (1.64)% | (6.77)% |
| &nbsp;&nbsp;&nbsp;2021 | 442 | 13.90 | 13.60 | 6042 | 0.37% | 0.20% | 1.20% | 27.29% | 23.08% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Empower Lifetime 2015 Fund, Investor Class | Empower Lifetime 2015 Fund, Investor Class | Empower Lifetime 2015 Fund, Investor Class | Empower Lifetime 2015 Fund, Investor Class | Empower Lifetime 2015 Fund, Investor Class | Empower Lifetime 2015 Fund, Investor Class | Empower Lifetime 2015 Fund, Investor Class | Empower Lifetime 2015 Fund, Investor Class | Empower Lifetime 2015 Fund, Investor Class | Empower Lifetime 2015 Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 55 | $16.99 | $16.12 | $917 | 2.58% | 0.25% | 0.40% | 9.87% | 9.71% |
| &nbsp;&nbsp;&nbsp;2024 | 58 | 14.53 | 14.39 | 874 | 2.45% | 0.20% | 1.20% | 3.36% | 6.26% |
| &nbsp;&nbsp;&nbsp;2023 | 67 | 14.06 | 13.54 | 948 | 2.80% | 0.20% | 1.20% | 10.11% | 9.02% |
| &nbsp;&nbsp;&nbsp;2022 | 81 | 12.77 | 12.42 | 1047 | 1.85% | 0.20% | 1.20% | (10.89)% | (17.85)% |
| &nbsp;&nbsp;&nbsp;2021 | 112 | 15.12 | 14.33 | 1645 | 2.13% | 0.20% | 1.20% | 13.09% | 6.38% |
| Empower Lifetime 2020 Fund, Investor Class | Empower Lifetime 2020 Fund, Investor Class | Empower Lifetime 2020 Fund, Investor Class | Empower Lifetime 2020 Fund, Investor Class | Empower Lifetime 2020 Fund, Investor Class | Empower Lifetime 2020 Fund, Investor Class | Empower Lifetime 2020 Fund, Investor Class | Empower Lifetime 2020 Fund, Investor Class | Empower Lifetime 2020 Fund, Investor Class | Empower Lifetime 2020 Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 24 | 16.98 | 16.14 | 403 | 2.73% | 0.20% | 1.20% | 10.47% | 9.37% |
| &nbsp;&nbsp;&nbsp;2024 | 25 | 15.37 | 14.76 | 379 | 1.42% | 0.20% | 1.20% | 6.73% | 5.67% |
| &nbsp;&nbsp;&nbsp;2023 | 85 | 14.40 | 13.97 | 1213 | 2.22% | 0.20% | 1.20% | 10.75% | 9.65% |
| &nbsp;&nbsp;&nbsp;2022 | 191 | 13.01 | 12.74 | 2446 | 1.86% | 0.20% | 1.20% | (12.18)% | (18.50)% |
| &nbsp;&nbsp;&nbsp;2021 | 263 | 15.63 | 14.81 | 3900 | 2.28% | 0.20% | 1.20% | 13.84% | 7.79% |
| Empower Lifetime 2025 Fund, Investor Class | Empower Lifetime 2025 Fund, Investor Class | Empower Lifetime 2025 Fund, Investor Class | Empower Lifetime 2025 Fund, Investor Class | Empower Lifetime 2025 Fund, Investor Class | Empower Lifetime 2025 Fund, Investor Class | Empower Lifetime 2025 Fund, Investor Class | Empower Lifetime 2025 Fund, Investor Class | Empower Lifetime 2025 Fund, Investor Class | Empower Lifetime 2025 Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 76 | 17.83 | 16.95 | 1339 | 2.38% | 0.20% | 1.20% | 11.48% | 10.37% |
| &nbsp;&nbsp;&nbsp;2024 | 78 | 15.99 | 15.36 | 1244 | 1.36% | 0.20% | 1.20% | 7.11% | 6.04% |
| &nbsp;&nbsp;&nbsp;2023 | 202 | 14.93 | 14.48 | 3011 | 2.08% | 0.20% | 1.20% | 11.69% | 10.58% |
| &nbsp;&nbsp;&nbsp;2022 | 334 | 13.37 | 13.10 | 4456 | 1.62% | 0.20% | 1.20% | (13.09)% | (19.35)% |
| &nbsp;&nbsp;&nbsp;2021 | 378 | 16.24 | 15.38 | 5890 | 2.11% | 0.20% | 1.20% | 14.93% | 8.77% |
| Empower Lifetime 2030 Fund, Investor Class | Empower Lifetime 2030 Fund, Investor Class | Empower Lifetime 2030 Fund, Investor Class | Empower Lifetime 2030 Fund, Investor Class | Empower Lifetime 2030 Fund, Investor Class | Empower Lifetime 2030 Fund, Investor Class | Empower Lifetime 2030 Fund, Investor Class | Empower Lifetime 2030 Fund, Investor Class | Empower Lifetime 2030 Fund, Investor Class | Empower Lifetime 2030 Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 104 | 18.91 | 18.20 | 1919 | 2.41% | 0.20% | 1.20% | 12.75% | 11.62% |
| &nbsp;&nbsp;&nbsp;2024 | 114 | 16.78 | 16.30 | 1867 | 2.72% | 0.20% | 1.20% | 7.85% | 6.77% |
| &nbsp;&nbsp;&nbsp;2023 | 126 | 15.56 | 15.27 | 1939 | 2.35% | 0.20% | 1.20% | 12.84% | 11.72% |
| &nbsp;&nbsp;&nbsp;2022 | 164 | 13.79 | 13.67 | 2249 | 1.79% | 0.20% | 1.20% | (13.95)% | (20.04)% |
| &nbsp;&nbsp;&nbsp;2021 | 183 | 17.09 | 16.02 | 2970 | 2.48% | 0.20% | 1.20% | 16.34% | 10.25% |
| Empower Lifetime 2035 Fund, Investor Class | Empower Lifetime 2035 Fund, Investor Class | Empower Lifetime 2035 Fund, Investor Class | Empower Lifetime 2035 Fund, Investor Class | Empower Lifetime 2035 Fund, Investor Class | Empower Lifetime 2035 Fund, Investor Class | Empower Lifetime 2035 Fund, Investor Class | Empower Lifetime 2035 Fund, Investor Class | Empower Lifetime 2035 Fund, Investor Class | Empower Lifetime 2035 Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 28 | 20.27 | 19.45 | 574 | 2.03% | 0.20% | 1.20% | 14.12% | 12.99% |
| &nbsp;&nbsp;&nbsp;2024 | 28 | 17.77 | 17.21 | 511 | 0.96% | 0.20% | 1.20% | 8.98% | 7.88% |
| &nbsp;&nbsp;&nbsp;2023 | 115 | 16.30 | 15.95 | 1949 | 1.99% | 0.20% | 1.20% | 14.17% | 13.04% |
| &nbsp;&nbsp;&nbsp;2022 | 122 | 14.28 | 14.11 | 1811 | 1.39% | 0.20% | 1.20% | (14.95)% | (21.03)% |
| &nbsp;&nbsp;&nbsp;2021 | 141 | 17.87 | 16.79 | 2470 | 2.17% | 0.20% | 1.20% | 18.34% | 12.16% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Empower Lifetime 2040 Fund, Investor Class | Empower Lifetime 2040 Fund, Investor Class | Empower Lifetime 2040 Fund, Investor Class | Empower Lifetime 2040 Fund, Investor Class | Empower Lifetime 2040 Fund, Investor Class | Empower Lifetime 2040 Fund, Investor Class | Empower Lifetime 2040 Fund, Investor Class | Empower Lifetime 2040 Fund, Investor Class | Empower Lifetime 2040 Fund, Investor Class | Empower Lifetime 2040 Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 21 | $21.41 | $20.79 | $448 | 2.29% | 0.20% | 1.20% | 15.45% | 14.30% |
| &nbsp;&nbsp;&nbsp;2024 | 22 | 18.55 | 18.19 | 392 | 2.51% | 0.20% | 1.20% | 9.96% | 8.86% |
| &nbsp;&nbsp;&nbsp;2023 | 10 | 16.87 | 16.71 | 175 | 1.86% | 0.20% | 1.20% | 15.50% | 14.35% |
| &nbsp;&nbsp;&nbsp;2022 | 16 | 14.60 | 14.61 | 237 | 1.62% | 0.20% | 1.20% | (15.63)% | (21.62)% |
| &nbsp;&nbsp;&nbsp;2021 | 17 | 18.64 | 17.31 | 307 | 3.17% | 0.20% | 1.20% | 20.03% | 13.73% |
| Empower Lifetime 2045 Fund, Investor Class | Empower Lifetime 2045 Fund, Investor Class | Empower Lifetime 2045 Fund, Investor Class | Empower Lifetime 2045 Fund, Investor Class | Empower Lifetime 2045 Fund, Investor Class | Empower Lifetime 2045 Fund, Investor Class | Empower Lifetime 2045 Fund, Investor Class | Empower Lifetime 2045 Fund, Investor Class | Empower Lifetime 2045 Fund, Investor Class | Empower Lifetime 2045 Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 6 | 23.38 | 18.55 | 139 | 1.72% | 0.25% | 1.20% | 16.42% | 0.29% |
| &nbsp;&nbsp;&nbsp;2024 | 7 | 20.09 | 18.50 | 130 | 1.22% | 0.25% | 1.20% | 10.54% | 9.49% |
| &nbsp;&nbsp;&nbsp;2023 | 20 | 18.17 | 16.89 | 344 | 0.92% | 0.25% | 1.20% | 16.44% | 15.34% |
| &nbsp;&nbsp;&nbsp;2022 | 72 | 14.77 | 14.65 | 1067 | 1.36% | 0.20% | 1.20% | (16.14)% | (22.14)% |
| &nbsp;&nbsp;&nbsp;2021 | 71 | 18.81 | 17.61 | 1264 | 2.22% | 0.20% | 1.20% | 21.04% | 14.65% |
| Empower Lifetime 2050 Fund, Investor Class | Empower Lifetime 2050 Fund, Investor Class | Empower Lifetime 2050 Fund, Investor Class | Empower Lifetime 2050 Fund, Investor Class | Empower Lifetime 2050 Fund, Investor Class | Empower Lifetime 2050 Fund, Investor Class | Empower Lifetime 2050 Fund, Investor Class | Empower Lifetime 2050 Fund, Investor Class | Empower Lifetime 2050 Fund, Investor Class | Empower Lifetime 2050 Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 30 | 22.43 | 21.79 | 663 | 2.05% | 0.20% | 1.20% | 17.02% | 15.86% |
| &nbsp;&nbsp;&nbsp;2024 | 31 | 19.16 | 18.80 | 594 | 2.39% | 0.20% | 1.20% | 10.92% | 9.81% |
| &nbsp;&nbsp;&nbsp;2023 | 32 | 17.28 | 17.12 | 550 | 2.19% | 0.20% | 1.20% | 16.82% | 15.66% |
| &nbsp;&nbsp;&nbsp;2022 | 34 | 14.79 | 14.81 | 506 | 1.51% | 0.20% | 1.20% | (16.30)% | (22.24)% |
| &nbsp;&nbsp;&nbsp;2021 | 41 | 19.04 | 17.67 | 732 | 3.17% | 0.20% | 1.20% | 21.12% | 14.81% |
| Empower Lifetime 2055 Fund, Investor Class | Empower Lifetime 2055 Fund, Investor Class | Empower Lifetime 2055 Fund, Investor Class | Empower Lifetime 2055 Fund, Investor Class | Empower Lifetime 2055 Fund, Investor Class | Empower Lifetime 2055 Fund, Investor Class | Empower Lifetime 2055 Fund, Investor Class | Empower Lifetime 2055 Fund, Investor Class | Empower Lifetime 2055 Fund, Investor Class | Empower Lifetime 2055 Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 11 | 22.01 | 21.55 | 229 | 1.01% | 0.40% | 1.20% | 17.24% | 16.30% |
| &nbsp;&nbsp;&nbsp;2024 | 12 | 18.77 | 18.53 | 217 | 0.79% | 0.40% | 1.20% | 10.65% | 9.76% |
| &nbsp;&nbsp;&nbsp;2023 | 26 | 16.97 | 16.88 | 439 | 1.15% | 0.40% | 1.20% | 16.59% | 15.66% |
| &nbsp;&nbsp;&nbsp;2022 | 53 | 14.55 | 14.59 | 767 | 0.96% | 0.40% | 1.20% | (17.46)% | (22.42)% |
| &nbsp;&nbsp;&nbsp;2021 | 59 | 18.81 | 17.63 | 1056 | 1.12% | 0.20% | 1.20% | 21.04% | 14.70% |
| Empower Mid Cap Value Fund, Investor Class | Empower Mid Cap Value Fund, Investor Class | Empower Mid Cap Value Fund, Investor Class | Empower Mid Cap Value Fund, Investor Class | Empower Mid Cap Value Fund, Investor Class | Empower Mid Cap Value Fund, Investor Class | Empower Mid Cap Value Fund, Investor Class | Empower Mid Cap Value Fund, Investor Class | Empower Mid Cap Value Fund, Investor Class | Empower Mid Cap Value Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 106 | 20.05 | 20.42 | 2189 | 4.34% | 0.20% | 1.20% | 8.11% | 7.03% |
| &nbsp;&nbsp;&nbsp;2024 | 115 | 18.55 | 19.08 | 2199 | 10.02% | 0.20% | 1.20% | 15.45% | 14.29% |
| &nbsp;&nbsp;&nbsp;2023 | 91 | 16.07 | 16.69 | 1518 | 0.40% | 0.20% | 1.20% | 14.92% | 13.78% |
| &nbsp;&nbsp;&nbsp;2022 | 151 | 13.98 | 14.67 | 2213 | 0.61% | 0.20% | 1.20% | (11.06)% | (17.63)% |
| &nbsp;&nbsp;&nbsp;2021 | 172 | 17.81 | 15.72 | 2885 | 16.08% | 0.20% | 1.20% | 34.62% | 28.64% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Empower Moderate Profile Fund, Class L | Empower Moderate Profile Fund, Class L | Empower Moderate Profile Fund, Class L | Empower Moderate Profile Fund, Class L | Empower Moderate Profile Fund, Class L | Empower Moderate Profile Fund, Class L | Empower Moderate Profile Fund, Class L | Empower Moderate Profile Fund, Class L | Empower Moderate Profile Fund, Class L | Empower Moderate Profile Fund, Class L |
| &nbsp;&nbsp;&nbsp;2025 | 4650 | $16.95 | $15.54 | $72867 | 0.84% | 0.20% | 1.20% | 11.48% | 10.37% |
| &nbsp;&nbsp;&nbsp;2024 | 6034 | 15.20 | 14.08 | 85494 | 1.02% | 0.20% | 1.20% | 7.40% | 6.33% |
| &nbsp;&nbsp;&nbsp;2023 | 8677 | 14.16 | 13.24 | 115392 | 1.83% | 0.20% | 1.20% | 11.42% | 10.31% |
| &nbsp;&nbsp;&nbsp;2022 | 10996 | 12.71 | 12.00 | 132411 | 1.77% | 0.20% | 1.20% | (8.13)% | (17.15)% |
| &nbsp;&nbsp;&nbsp;2021 | 11895 | 14.49 | 13.83 | 164924 | 1.92% | 0.20% | 1.20% | 15.46% | 6.22% |
| Empower Moderate Profile Fund, Investor Class | Empower Moderate Profile Fund, Investor Class | Empower Moderate Profile Fund, Investor Class | Empower Moderate Profile Fund, Investor Class | Empower Moderate Profile Fund, Investor Class | Empower Moderate Profile Fund, Investor Class | Empower Moderate Profile Fund, Investor Class | Empower Moderate Profile Fund, Investor Class | Empower Moderate Profile Fund, Investor Class | Empower Moderate Profile Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 2574 | 17.32 | 15.88 | 41494 | 2.18% | 0.20% | 1.20% | 11.74% | 10.63% |
| &nbsp;&nbsp;&nbsp;2024 | 3063 | 15.50 | 14.36 | 44525 | 2.76% | 0.20% | 1.20% | 7.73% | 6.65% |
| &nbsp;&nbsp;&nbsp;2023 | 3976 | 14.39 | 13.46 | 54069 | 3.26% | 0.20% | 1.20% | 11.71% | 10.60% |
| &nbsp;&nbsp;&nbsp;2022 | 5289 | 12.88 | 12.17 | 64814 | 2.18% | 0.20% | 1.20% | (7.98)% | (17.03)% |
| &nbsp;&nbsp;&nbsp;2021 | 6344 | 14.67 | 14.00 | 89306 | 3.33% | 0.20% | 1.20% | 15.97% | 6.63% |
| Empower Moderately Aggressive Profile Fund, Investor Class | Empower Moderately Aggressive Profile Fund, Investor Class | Empower Moderately Aggressive Profile Fund, Investor Class | Empower Moderately Aggressive Profile Fund, Investor Class | Empower Moderately Aggressive Profile Fund, Investor Class | Empower Moderately Aggressive Profile Fund, Investor Class | Empower Moderately Aggressive Profile Fund, Investor Class | Empower Moderately Aggressive Profile Fund, Investor Class | Empower Moderately Aggressive Profile Fund, Investor Class | Empower Moderately Aggressive Profile Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 585 | 18.76 | 17.20 | 10597 | 1.97% | 0.20% | 1.20% | 13.57% | 12.44% |
| &nbsp;&nbsp;&nbsp;2024 | 679 | 16.52 | 15.30 | 10822 | 2.84% | 0.20% | 1.20% | 9.12% | 8.03% |
| &nbsp;&nbsp;&nbsp;2023 | 896 | 15.14 | 14.16 | 13020 | 2.15% | 0.20% | 1.20% | 13.38% | 12.25% |
| &nbsp;&nbsp;&nbsp;2022 | 1067 | 13.35 | 12.62 | 13736 | 1.49% | 0.20% | 1.20% | (9.10)% | (18.07)% |
| &nbsp;&nbsp;&nbsp;2021 | 1251 | 15.40 | 14.69 | 18673 | 4.39% | 0.20% | 1.20% | 18.28% | 8.81% |
| Empower Moderately Conservative Profile Fund, Class L | Empower Moderately Conservative Profile Fund, Class L | Empower Moderately Conservative Profile Fund, Class L | Empower Moderately Conservative Profile Fund, Class L | Empower Moderately Conservative Profile Fund, Class L | Empower Moderately Conservative Profile Fund, Class L | Empower Moderately Conservative Profile Fund, Class L | Empower Moderately Conservative Profile Fund, Class L | Empower Moderately Conservative Profile Fund, Class L | Empower Moderately Conservative Profile Fund, Class L |
| &nbsp;&nbsp;&nbsp;2025 | 728 | 15.26 | 13.99 | 10282 | 1.74% | 0.20% | 1.20% | 9.52% | 8.43% |
| &nbsp;&nbsp;&nbsp;2024 | 937 | 13.94 | 12.91 | 12223 | 1.71% | 0.20% | 1.20% | 6.06% | 5.00% |
| &nbsp;&nbsp;&nbsp;2023 | 1348 | 13.14 | 12.29 | 16723 | 2.21% | 0.20% | 1.20% | 9.40% | 8.31% |
| &nbsp;&nbsp;&nbsp;2022 | 1642 | 12.01 | 11.35 | 18775 | 1.17% | 0.20% | 1.20% | (6.97)% | (16.07)% |
| &nbsp;&nbsp;&nbsp;2021 | 1754 | 13.52 | 12.91 | 22777 | 2.28% | 0.20% | 1.20% | 12.67% | 3.69% |
| Empower Moderately Conservative Profile Fund, Investor Class | Empower Moderately Conservative Profile Fund, Investor Class | Empower Moderately Conservative Profile Fund, Investor Class | Empower Moderately Conservative Profile Fund, Investor Class | Empower Moderately Conservative Profile Fund, Investor Class | Empower Moderately Conservative Profile Fund, Investor Class | Empower Moderately Conservative Profile Fund, Investor Class | Empower Moderately Conservative Profile Fund, Investor Class | Empower Moderately Conservative Profile Fund, Investor Class | Empower Moderately Conservative Profile Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 966 | 15.60 | 14.30 | 14193 | 2.13% | 0.20% | 1.20% | 9.81% | 8.72% |
| &nbsp;&nbsp;&nbsp;2024 | 1186 | 14.21 | 13.16 | 16025 | 2.66% | 0.20% | 1.20% | 6.23% | 5.17% |
| &nbsp;&nbsp;&nbsp;2023 | 1370 | 13.37 | 12.51 | 17469 | 2.96% | 0.20% | 1.20% | 9.68% | 8.59% |
| &nbsp;&nbsp;&nbsp;2022 | 1712 | 12.19 | 11.52 | 19991 | 1.68% | 0.20% | 1.20% | (6.71)% | (15.91)% |
| &nbsp;&nbsp;&nbsp;2021 | 1942 | 13.70 | 13.07 | 25655 | 3.02% | 0.20% | 1.20% | 13.04% | 3.90% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Empower Multi-Sector Bond Fund, Investor Class | Empower Multi-Sector Bond Fund, Investor Class | Empower Multi-Sector Bond Fund, Investor Class | Empower Multi-Sector Bond Fund, Investor Class | Empower Multi-Sector Bond Fund, Investor Class | Empower Multi-Sector Bond Fund, Investor Class | Empower Multi-Sector Bond Fund, Investor Class | Empower Multi-Sector Bond Fund, Investor Class | Empower Multi-Sector Bond Fund, Investor Class | Empower Multi-Sector Bond Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 298 | $13.50 | $12.83 | $4364 | 3.45% | 0.20% | 1.20% | 7.77% | 6.70% |
| &nbsp;&nbsp;&nbsp;2024 | 296 | 12.52 | 12.02 | 3914 | 3.24% | 0.20% | 1.20% | 4.93% | 3.88% |
| &nbsp;&nbsp;&nbsp;2023 | 388 | 11.93 | 11.57 | 4827 | 2.95% | 0.20% | 1.20% | 7.67% | 6.60% |
| &nbsp;&nbsp;&nbsp;2022 | 539 | 11.08 | 10.86 | 6207 | 2.20% | 0.20% | 1.20% | (10.61)% | (34.21)% |
| &nbsp;&nbsp;&nbsp;2021 | 653 | 16.50 | 12.40 | 8480 | 2.34% | 0.20% | 1.20% | 32.64% | (0.40)% |
| Empower Real Estate Index Fund, Investor Class | Empower Real Estate Index Fund, Investor Class | Empower Real Estate Index Fund, Investor Class | Empower Real Estate Index Fund, Investor Class | Empower Real Estate Index Fund, Investor Class | Empower Real Estate Index Fund, Investor Class | Empower Real Estate Index Fund, Investor Class | Empower Real Estate Index Fund, Investor Class | Empower Real Estate Index Fund, Investor Class | Empower Real Estate Index Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 172 | 13.92 | 16.54 | 2535 | 1.57% | 0.20% | 1.20% | 2.95% | 1.93% |
| &nbsp;&nbsp;&nbsp;2024 | 189 | 13.52 | 16.23 | 2680 | 2.43% | 0.20% | 1.20% | 7.33% | 6.25% |
| &nbsp;&nbsp;&nbsp;2023 | 244 | 12.60 | 15.28 | 3220 | 1.65% | 0.20% | 1.20% | 13.08% | 11.96% |
| &nbsp;&nbsp;&nbsp;2022 | 380 | 11.14 | 13.64 | 4469 | 1.60% | 0.20% | 1.20% | (25.79)% | (28.60)% |
| &nbsp;&nbsp;&nbsp;2021 | 496 | 19.11 | 15.01 | 7932 | 0.62% | 0.20% | 1.20% | 45.21% | 42.55% |
| Empower S&P 500 Index Fund, Investor Class | Empower S&P 500 Index Fund, Investor Class | Empower S&P 500 Index Fund, Investor Class | Empower S&P 500 Index Fund, Investor Class | Empower S&P 500 Index Fund, Investor Class | Empower S&P 500 Index Fund, Investor Class | Empower S&P 500 Index Fund, Investor Class | Empower S&P 500 Index Fund, Investor Class | Empower S&P 500 Index Fund, Investor Class | Empower S&P 500 Index Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 2420 | 33.36 | 39.51 | 89197 | 0.29% | 0.20% | 1.20% | 17.07% | 15.90% |
| &nbsp;&nbsp;&nbsp;2024 | 2763 | 28.50 | 34.09 | 86771 | 0.53% | 0.20% | 1.20% | 24.08% | 22.84% |
| &nbsp;&nbsp;&nbsp;2023 | 3333 | 22.97 | 27.75 | 84332 | 0.44% | 0.20% | 1.20% | 25.36% | 24.12% |
| &nbsp;&nbsp;&nbsp;2022 | 4244 | 18.32 | 22.36 | 85278 | 0.36% | 0.20% | 1.20% | (17.88)% | (46.66)% |
| &nbsp;&nbsp;&nbsp;2021 | 5130 | 41.92 | 22.31 | 126282 | 0.37% | 0.20% | 1.20% | 91.07% | 26.62% |
| Empower S&P Mid Cap 400 Index Fund, Investor Class | Empower S&P Mid Cap 400 Index Fund, Investor Class | Empower S&P Mid Cap 400 Index Fund, Investor Class | Empower S&P Mid Cap 400 Index Fund, Investor Class | Empower S&P Mid Cap 400 Index Fund, Investor Class | Empower S&P Mid Cap 400 Index Fund, Investor Class | Empower S&P Mid Cap 400 Index Fund, Investor Class | Empower S&P Mid Cap 400 Index Fund, Investor Class | Empower S&P Mid Cap 400 Index Fund, Investor Class | Empower S&P Mid Cap 400 Index Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 522 | 21.43 | 25.02 | 12473 | 1.44% | 0.20% | 1.20% | 6.72% | 5.66% |
| &nbsp;&nbsp;&nbsp;2024 | 573 | 20.08 | 23.68 | 12830 | 0.98% | 0.20% | 1.20% | 13.04% | 11.91% |
| &nbsp;&nbsp;&nbsp;2023 | 839 | 17.76 | 21.16 | 16307 | 0.44% | 0.20% | 1.20% | 15.53% | 14.38% |
| &nbsp;&nbsp;&nbsp;2022 | 1204 | 15.38 | 18.50 | 20215 | 0.42% | 0.20% | 1.20% | (12.84)% | (45.78)% |
| &nbsp;&nbsp;&nbsp;2021 | 1467 | 34.12 | 17.64 | 28567 | 1.39% | 0.20% | 1.20% | 92.99% | 22.50% |
| Empower S&P Small Cap 600 Index Fund, Investor Class | Empower S&P Small Cap 600 Index Fund, Investor Class | Empower S&P Small Cap 600 Index Fund, Investor Class | Empower S&P Small Cap 600 Index Fund, Investor Class | Empower S&P Small Cap 600 Index Fund, Investor Class | Empower S&P Small Cap 600 Index Fund, Investor Class | Empower S&P Small Cap 600 Index Fund, Investor Class | Empower S&P Small Cap 600 Index Fund, Investor Class | Empower S&P Small Cap 600 Index Fund, Investor Class | Empower S&P Small Cap 600 Index Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 555 | 18.91 | 19.81 | 12127 | 2.20% | 0.20% | 1.20% | 5.34% | 4.30% |
| &nbsp;&nbsp;&nbsp;2024 | 651 | 17.95 | 18.99 | 13499 | 0.72% | 0.20% | 1.20% | 7.72% | 6.65% |
| &nbsp;&nbsp;&nbsp;2023 | 891 | 16.66 | 17.81 | 16979 | 0.53% | 0.20% | 1.20% | 15.24% | 14.09% |
| &nbsp;&nbsp;&nbsp;2022 | 1275 | 14.46 | 15.61 | 21322 | 0.46% | 0.20% | 1.20% | (15.82)% | (55.81)% |
| &nbsp;&nbsp;&nbsp;2021 | 1626 | 35.32 | 17.18 | 32282 | 2.04% | 0.20% | 1.20% | 103.46% | 24.40% |

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---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Empower SecureFoundation Balanced Fund, Class L | Empower SecureFoundation Balanced Fund, Class L | Empower SecureFoundation Balanced Fund, Class L | Empower SecureFoundation Balanced Fund, Class L | Empower SecureFoundation Balanced Fund, Class L | Empower SecureFoundation Balanced Fund, Class L | Empower SecureFoundation Balanced Fund, Class L | Empower SecureFoundation Balanced Fund, Class L | Empower SecureFoundation Balanced Fund, Class L | Empower SecureFoundation Balanced Fund, Class L |
| &nbsp;&nbsp;&nbsp;2025 | 9206 | $18.06 | $17.67 | $160536 | 2.92% | 0.20% | 1.20% | 12.44% | 11.32% |
| &nbsp;&nbsp;&nbsp;2024 | 11590 | 16.06 | 16.94 | 181299 | 2.20% | 0.20% | 1.20% | 7.67% | 8.62% |
| &nbsp;&nbsp;&nbsp;2023 | 15247 | 14.92 | 15.60 | 223429 | 2.19% | 0.20% | 1.20% | 12.67% | 11.55% |
| &nbsp;&nbsp;&nbsp;2022 | 18857 | 13.24 | 13.98 | 247533 | 1.59% | 0.20% | 1.20% | (12.73)% | (37.30)% |
| &nbsp;&nbsp;&nbsp;2021 | 21444 | 22.30 | 15.17 | 333517 | 2.00% | 0.20% | 1.20% | 47.00% | 7.74% |
| Empower Short Duration Bond Fund, Investor Class | Empower Short Duration Bond Fund, Investor Class | Empower Short Duration Bond Fund, Investor Class | Empower Short Duration Bond Fund, Investor Class | Empower Short Duration Bond Fund, Investor Class | Empower Short Duration Bond Fund, Investor Class | Empower Short Duration Bond Fund, Investor Class | Empower Short Duration Bond Fund, Investor Class | Empower Short Duration Bond Fund, Investor Class | Empower Short Duration Bond Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 315 | 12.34 | 11.24 | 3862 | 2.23% | 0.20% | 1.20% | 5.08% | 4.04% |
| &nbsp;&nbsp;&nbsp;2024 | 519 | 11.74 | 10.81 | 6058 | 3.87% | 0.20% | 1.20% | 4.03% | 2.99% |
| &nbsp;&nbsp;&nbsp;2023 | 752 | 11.29 | 10.49 | 8380 | 2.31% | 0.20% | 1.20% | 5.46% | 4.41% |
| &nbsp;&nbsp;&nbsp;2022 | 631 | 10.70 | 10.05 | 6643 | 1.48% | 0.20% | 1.20% | 0.88% | (16.86)% |
| &nbsp;&nbsp;&nbsp;2021 | 672 | 12.09 | 10.61 | 7412 | 1.00% | 0.20% | 1.20% | 12.47% | (5.52)% |
| Empower Small Cap Growth Fund, Investor Class | Empower Small Cap Growth Fund, Investor Class | Empower Small Cap Growth Fund, Investor Class | Empower Small Cap Growth Fund, Investor Class | Empower Small Cap Growth Fund, Investor Class | Empower Small Cap Growth Fund, Investor Class | Empower Small Cap Growth Fund, Investor Class | Empower Small Cap Growth Fund, Investor Class | Empower Small Cap Growth Fund, Investor Class | Empower Small Cap Growth Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 25 | 23.62 | 23.81 | 610 | 0.37% | 0.20% | 1.20% | 7.60% | 6.53% |
| &nbsp;&nbsp;&nbsp;2024 | 32 | 21.95 | 22.36 | 734 | 0.26% | 0.20% | 1.20% | 10.27% | 9.17% |
| &nbsp;&nbsp;&nbsp;2023 | 152 | 19.91 | 20.48 | 3054 | 0.00% | 0.20% | 1.20% | 15.53% | 14.38% |
| &nbsp;&nbsp;&nbsp;2022 | 61 | 17.23 | 17.90 | 1093 | 0.52% | 0.20% | 1.20% | (24.76)% | (30.12)% |
| &nbsp;&nbsp;&nbsp;2021 | 75 | 25.62 | 22.90 | 1831 | 6.09% | 0.20% | 1.20% | 18.61% | 12.42% |
| Empower Small Cap Value Fund, Investor Class | Empower Small Cap Value Fund, Investor Class | Empower Small Cap Value Fund, Investor Class | Empower Small Cap Value Fund, Investor Class | Empower Small Cap Value Fund, Investor Class | Empower Small Cap Value Fund, Investor Class | Empower Small Cap Value Fund, Investor Class | Empower Small Cap Value Fund, Investor Class | Empower Small Cap Value Fund, Investor Class | Empower Small Cap Value Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 139 | 18.13 | 18.92 | 2704 | 0.00% | 0.20% | 1.20% | 3.87% | 2.84% |
| &nbsp;&nbsp;&nbsp;2024 | 161 | 17.45 | 20.32 | 2952 | 0.00% | 0.20% | 1.20% | 7.99% | 6.91% |
| &nbsp;&nbsp;&nbsp;2023 | 170 | 16.16 | 19.29 | 2974 | 0.05% | 0.20% | 1.20% | 17.58% | 16.41% |
| &nbsp;&nbsp;&nbsp;2022 | 220 | 13.74 | 16.57 | 3287 | 0.05% | 0.20% | 1.20% | (9.28)% | (43.88)% |
| &nbsp;&nbsp;&nbsp;2021 | 262 | 29.53 | 15.15 | 4327 | 3.59% | 0.20% | 1.20% | 104.50% | 29.05% |
| Empower T. Rowe Price Mid Cap Growth Fund, Investor Class | Empower T. Rowe Price Mid Cap Growth Fund, Investor Class | Empower T. Rowe Price Mid Cap Growth Fund, Investor Class | Empower T. Rowe Price Mid Cap Growth Fund, Investor Class | Empower T. Rowe Price Mid Cap Growth Fund, Investor Class | Empower T. Rowe Price Mid Cap Growth Fund, Investor Class | Empower T. Rowe Price Mid Cap Growth Fund, Investor Class | Empower T. Rowe Price Mid Cap Growth Fund, Investor Class | Empower T. Rowe Price Mid Cap Growth Fund, Investor Class | Empower T. Rowe Price Mid Cap Growth Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 285 | 23.22 | 21.48 | 6685 | 0.00% | 0.20% | 1.20% | 2.78% | 1.76% |
| &nbsp;&nbsp;&nbsp;2024 | 364 | 22.59 | 26.68 | 8395 | 0.00% | 0.20% | 1.20% | 8.83% | 7.74% |
| &nbsp;&nbsp;&nbsp;2023 | 508 | 20.76 | 24.94 | 10678 | 0.00% | 0.20% | 1.20% | 19.68% | 18.49% |
| &nbsp;&nbsp;&nbsp;2022 | 708 | 17.35 | 21.05 | 12610 | 0.02% | 0.20% | 1.20% | (19.99)% | (51.08)% |
| &nbsp;&nbsp;&nbsp;2021 | 867 | 43.03 | 21.68 | 20156 | 0.18% | 0.20% | 1.20% | 76.93% | 10.39% |

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | Low | High | High |  |  |  | Low | High | Low | High |
| Empower U.S. Government Securities Fund, Investor Class | Empower U.S. Government Securities Fund, Investor Class | Empower U.S. Government Securities Fund, Investor Class | Empower U.S. Government Securities Fund, Investor Class | Empower U.S. Government Securities Fund, Investor Class | Empower U.S. Government Securities Fund, Investor Class | Empower U.S. Government Securities Fund, Investor Class | Empower U.S. Government Securities Fund, Investor Class | Empower U.S. Government Securities Fund, Investor Class | Empower U.S. Government Securities Fund, Investor Class | Empower U.S. Government Securities Fund, Investor Class | Empower U.S. Government Securities Fund, Investor Class | Empower U.S. Government Securities Fund, Investor Class |
| &nbsp;&nbsp;&nbsp;2025 | 135 | $| 10.94 | $| 10.00 | $| 1471 | 3.19% | 0.20% | 1.20% | 6.39% | 5.33% |
| &nbsp;&nbsp;&nbsp;2024 | 119 |  | 10.28 |  | 9.50 |  | 1212 | 2.29% | 0.20% | 1.20% | 0.55% | (0.45)% |
| &nbsp;&nbsp;&nbsp;2023 | 179 |  | 10.22 |  | 9.54 |  | 1796 | 2.40% | 0.20% | 1.20% | 4.24% | 3.20% |
| &nbsp;&nbsp;&nbsp;2022 | 258 |  | 9.81 |  | 9.24 |  | 2467 | 1.37% | 0.20% | 1.20% | (7.83)% | (22.85)% |
| &nbsp;&nbsp;&nbsp;2021 | 269 |  | 11.98 |  | 10.64 |  | 2949 | 0.62% | 0.20% | 1.20% | 8.91% | (7.07)% |
| Federated Hermes High Income Bond Fund II, Service Shares | Federated Hermes High Income Bond Fund II, Service Shares | Federated Hermes High Income Bond Fund II, Service Shares | Federated Hermes High Income Bond Fund II, Service Shares | Federated Hermes High Income Bond Fund II, Service Shares | Federated Hermes High Income Bond Fund II, Service Shares | Federated Hermes High Income Bond Fund II, Service Shares | Federated Hermes High Income Bond Fund II, Service Shares | Federated Hermes High Income Bond Fund II, Service Shares | Federated Hermes High Income Bond Fund II, Service Shares | Federated Hermes High Income Bond Fund II, Service Shares | Federated Hermes High Income Bond Fund II, Service Shares | Federated Hermes High Income Bond Fund II, Service Shares |
| &nbsp;&nbsp;&nbsp;2025 | 18 |  | 13.93 |  | 12.77 |  | 246 | 6.26% | 0.20% | 1.20% | 7.97% | 6.89% |
| &nbsp;&nbsp;&nbsp;2024 | 23 |  | 12.90 |  | 11.94 |  | 284 | 6.20% | 0.20% | 1.20% | 5.64% | 4.58% |
| &nbsp;&nbsp;&nbsp;2023 | 57 |  | 12.21 |  | 11.42 |  | 671 | 5.30% | 0.20% | 1.20% | 12.25% | 11.13% |
| &nbsp;&nbsp;&nbsp;2022 | 66 |  | 10.88 |  | 10.28 |  | 698 | 5.59% | 0.20% | 1.20% | (7.90)% | (16.92)% |
| &nbsp;&nbsp;&nbsp;2021 | 86 |  | 12.37 |  | 11.81 |  | 1040 | 4.60% | 0.20% | 1.20% | 8.13% | (0.51)% |
| Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Asset Manager 50% Portfolio, Initial Class | Fidelity VIP Asset Manager 50% Portfolio, Initial Class |
| &nbsp;&nbsp;&nbsp;2025 | 13 |  | 83.64 |  | 79.19 |  | 1030 | 2.33% | 1.25% | 1.40% | 13.56% | 13.39% |
| &nbsp;&nbsp;&nbsp;2024 | 17 |  | 73.65 |  | 69.84 |  | 1188 | 2.38% | 1.25% | 1.40% | 7.14% | 6.98% |
| &nbsp;&nbsp;&nbsp;2023 | 18 |  | 68.74 |  | 65.29 |  | 1198 | 2.37% | 1.25% | 1.40% | 11.54% | 11.38% |
| &nbsp;&nbsp;&nbsp;2022 | 19 |  | 61.63 |  | 58.62 |  | 1108 | 2.02% | 1.25% | 1.40% | (6.30)% | (20.10)% |
| &nbsp;&nbsp;&nbsp;2021 | 21 |  | 73.36 |  | 65.77 |  | 1494 | 1.58% | 1.25% | 1.55% | 13.79% | (2.68)% |
| Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;2025 | 857 |  | 24.12 |  | 22.12 |  | 19956 | 1.36% | 0.20% | 1.20% | 14.73% | 13.59% |
| &nbsp;&nbsp;&nbsp;2024 | 1291 |  | 21.02 |  | 19.47 |  | 26317 | 1.62% | 0.20% | 1.20% | 15.40% | 14.24% |
| &nbsp;&nbsp;&nbsp;2023 | 2005 |  | 18.22 |  | 17.04 |  | 35435 | 1.48% | 0.20% | 1.20% | 20.99% | 19.79% |
| &nbsp;&nbsp;&nbsp;2022 | 2488 |  | 15.06 |  | 14.23 |  | 36458 | 1.03% | 0.20% | 1.20% | (14.45)% | (22.85)% |
| &nbsp;&nbsp;&nbsp;2021 | 2854 |  | 18.44 |  | 17.60 |  | 51465 | 0.74% | 0.20% | 1.20% | 22.12% | 12.39% |
| Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Contrafund Portfolio, Initial Class | Fidelity VIP Contrafund Portfolio, Initial Class |
| &nbsp;&nbsp;&nbsp;2025 | 6 |  | 258.91 |  | 247.16 |  | 1420 | 0.13% | 1.25% | 1.40% | 19.97% | 19.79% |
| &nbsp;&nbsp;&nbsp;2024 | 7 |  | 215.81 |  | 206.32 |  | 1497 | 0.18% | 1.25% | 1.40% | 32.12% | 31.92% |
| &nbsp;&nbsp;&nbsp;2023 | 9 |  | 163.34 |  | 156.39 |  | 1435 | 0.49% | 1.25% | 1.40% | 31.80% | 31.60% |
| &nbsp;&nbsp;&nbsp;2022 | 9 |  | 123.93 |  | 118.84 |  | 1144 | 0.50% | 1.25% | 1.40% | (21.02)% | (30.22)% |
| &nbsp;&nbsp;&nbsp;2021 | 10 |  | 170.30 |  | 156.91 |  | 1649 | 0.06% | 1.25% | 1.55% | 31.26% | 16.32% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Fidelity VIP Government Money Market Portfolio, Initial Class | Fidelity VIP Government Money Market Portfolio, Initial Class | Fidelity VIP Government Money Market Portfolio, Initial Class | Fidelity VIP Government Money Market Portfolio, Initial Class | Fidelity VIP Government Money Market Portfolio, Initial Class | Fidelity VIP Government Money Market Portfolio, Initial Class | Fidelity VIP Government Money Market Portfolio, Initial Class | Fidelity VIP Government Money Market Portfolio, Initial Class | Fidelity VIP Government Money Market Portfolio, Initial Class | Fidelity VIP Government Money Market Portfolio, Initial Class |
| &nbsp;&nbsp;&nbsp;2025 | 2139 | $10.70 | $15.71 | $22785 | 4.07% | 0.20% | 1.40% | 3.93% | 2.69% |
| &nbsp;&nbsp;&nbsp;2024 | 3001 | 10.30 | 15.30 | 30852 | 4.81% | 0.20% | 1.40% | 2.77% | 3.64% |
| &nbsp;&nbsp;&nbsp;2023 | 45 | 15.39 | 14.76 | 666 | 4.81% | 1.25% | 1.40% | 3.59% | 3.44% |
| &nbsp;&nbsp;&nbsp;2022 | 39 | 14.85 | 14.27 | 564 | 1.52% | 1.25% | 1.40% | 21.74% | (3.77)% |
| &nbsp;&nbsp;&nbsp;2021 | 35 | 14.83 | 12.20 | 505 | 0.01% | 1.25% | 1.55% | 2.49% | (18.72)% |
| Fidelity VIP Growth Opportunities Portfolio, Initial Class | Fidelity VIP Growth Opportunities Portfolio, Initial Class | Fidelity VIP Growth Opportunities Portfolio, Initial Class | Fidelity VIP Growth Opportunities Portfolio, Initial Class | Fidelity VIP Growth Opportunities Portfolio, Initial Class | Fidelity VIP Growth Opportunities Portfolio, Initial Class | Fidelity VIP Growth Opportunities Portfolio, Initial Class | Fidelity VIP Growth Opportunities Portfolio, Initial Class | Fidelity VIP Growth Opportunities Portfolio, Initial Class | Fidelity VIP Growth Opportunities Portfolio, Initial Class |
| &nbsp;&nbsp;&nbsp;2025 | 2 | 195.95 | 187.05 | 386 | 0.00% | 1.25% | 1.40% | 20.43% | 20.25% |
| &nbsp;&nbsp;&nbsp;2024 | 2 | 162.70 | 155.54 | 349 | 0.00% | 1.25% | 1.40% | 37.16% | 36.95% |
| &nbsp;&nbsp;&nbsp;2023 | 2 | 118.63 | 113.58 | 269 | 0.00% | 1.25% | 1.40% | 43.85% | 43.63% |
| &nbsp;&nbsp;&nbsp;2022 | 4 | 82.47 | 79.08 | 290 | 0.00% | 1.25% | 1.40% | (33.91)% | (41.43)% |
| &nbsp;&nbsp;&nbsp;2021 | 6 | 135.01 | 124.77 | 795 | 0.00% | 1.25% | 1.55% | 14.95% | 2.17% |
| Fidelity VIP Growth Portfolio, Initial Class | Fidelity VIP Growth Portfolio, Initial Class | Fidelity VIP Growth Portfolio, Initial Class | Fidelity VIP Growth Portfolio, Initial Class | Fidelity VIP Growth Portfolio, Initial Class | Fidelity VIP Growth Portfolio, Initial Class | Fidelity VIP Growth Portfolio, Initial Class | Fidelity VIP Growth Portfolio, Initial Class | Fidelity VIP Growth Portfolio, Initial Class | Fidelity VIP Growth Portfolio, Initial Class |
| &nbsp;&nbsp;&nbsp;2025 | 10 | 473.23 | 446.13 | 4589 | 0.29% | 1.25% | 1.40% | 13.47% | 13.30% |
| &nbsp;&nbsp;&nbsp;2024 | 11 | 417.04 | 393.75 | 4387 | 0.00% | 1.25% | 1.40% | 28.76% | 28.57% |
| &nbsp;&nbsp;&nbsp;2023 | 12 | 323.88 | 306.26 | 3627 | 0.13% | 1.25% | 1.40% | 34.55% | 34.35% |
| &nbsp;&nbsp;&nbsp;2022 | 13 | 240.72 | 227.96 | 2883 | 0.62% | 1.25% | 1.40% | (16.60)% | (29.35)% |
| &nbsp;&nbsp;&nbsp;2021 | 13 | 322.65 | 288.63 | 3978 | 0.00% | 1.25% | 1.55% | 28.11% | 8.86% |
| Fidelity VIP High Income Portfolio, Initial Class | Fidelity VIP High Income Portfolio, Initial Class | Fidelity VIP High Income Portfolio, Initial Class | Fidelity VIP High Income Portfolio, Initial Class | Fidelity VIP High Income Portfolio, Initial Class | Fidelity VIP High Income Portfolio, Initial Class | Fidelity VIP High Income Portfolio, Initial Class | Fidelity VIP High Income Portfolio, Initial Class | Fidelity VIP High Income Portfolio, Initial Class | Fidelity VIP High Income Portfolio, Initial Class |
| &nbsp;&nbsp;&nbsp;2025 | 2 | 75.11 | 75.11 | 125 | 6.53% | 1.40% | 1.40% | 8.83% | 8.83% |
| &nbsp;&nbsp;&nbsp;2024 | 2 | 69.58 | 69.02 | 118 | 5.92% | 1.25% | 1.40% | 2.27% | 7.45% |
| &nbsp;&nbsp;&nbsp;2023 | 2 | 68.03 | 64.23 | 118 | 4.97% | 1.25% | 1.40% | 9.11% | 8.95% |
| &nbsp;&nbsp;&nbsp;2022 | 2 | 62.36 | 53.38 | 135 | 5.03% | 1.25% | 1.55% | 1.94% | (25.07)% |
| &nbsp;&nbsp;&nbsp;2021 | 2 | 71.24 | 61.17 | 163 | 5.15% | 1.25% | 1.55% | 19.73% | (11.46)% |
| Fidelity VIP Index 500 Portfolio, Initial Class | Fidelity VIP Index 500 Portfolio, Initial Class | Fidelity VIP Index 500 Portfolio, Initial Class | Fidelity VIP Index 500 Portfolio, Initial Class | Fidelity VIP Index 500 Portfolio, Initial Class | Fidelity VIP Index 500 Portfolio, Initial Class | Fidelity VIP Index 500 Portfolio, Initial Class | Fidelity VIP Index 500 Portfolio, Initial Class | Fidelity VIP Index 500 Portfolio, Initial Class | Fidelity VIP Index 500 Portfolio, Initial Class |
| &nbsp;&nbsp;&nbsp;2025 | 2 | 985.60 | 937.47 | 1572 | 1.15% | 1.25% | 1.40% | 16.31% | 16.14% |
| &nbsp;&nbsp;&nbsp;2024 | 2 | 847.36 | 807.19 | 1431 | 1.26% | 1.25% | 1.40% | 23.34% | 23.15% |
| &nbsp;&nbsp;&nbsp;2023 | 2 | 687.02 | 655.44 | 1533 | 1.42% | 1.25% | 1.40% | 24.63% | 24.45% |
| &nbsp;&nbsp;&nbsp;2022 | 3 | 551.24 | 478.36 | 1498 | 1.44% | 1.25% | 1.55% | (7.20)% | (29.91)% |
| &nbsp;&nbsp;&nbsp;2021 | 3 | 682.46 | 594.01 | 1968 | 1.26% | 1.25% | 1.55% | 45.45% | 10.52% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;2025 | 224 | $21.84 | $20.03 | $4818 | 0.74% | 0.20% | 1.20% | 18.12% | 16.95% |
| &nbsp;&nbsp;&nbsp;2024 | 132 | 18.49 | 17.12 | 2359 | 0.57% | 0.20% | 1.20% | 7.71% | 6.63% |
| &nbsp;&nbsp;&nbsp;2023 | 164 | 17.17 | 16.06 | 2712 | 0.14% | 0.20% | 1.20% | 26.93% | 25.67% |
| &nbsp;&nbsp;&nbsp;2022 | 213 | 13.53 | 12.78 | 2775 | 0.08% | 0.20% | 1.20% | (23.19)% | (30.77)% |
| &nbsp;&nbsp;&nbsp;2021 | 276 | 18.46 | 17.61 | 4945 | 0.00% | 0.20% | 1.20% | 16.10% | 6.73% |
| Fidelity VIP Investment Grade Bond Portfolio, Initial Class | Fidelity VIP Investment Grade Bond Portfolio, Initial Class | Fidelity VIP Investment Grade Bond Portfolio, Initial Class | Fidelity VIP Investment Grade Bond Portfolio, Initial Class | Fidelity VIP Investment Grade Bond Portfolio, Initial Class | Fidelity VIP Investment Grade Bond Portfolio, Initial Class | Fidelity VIP Investment Grade Bond Portfolio, Initial Class | Fidelity VIP Investment Grade Bond Portfolio, Initial Class | Fidelity VIP Investment Grade Bond Portfolio, Initial Class | Fidelity VIP Investment Grade Bond Portfolio, Initial Class |
| &nbsp;&nbsp;&nbsp;2025 | 4 | 37.00 | 35.28 | 133 | 3.58% | 1.25% | 1.40% | 5.89% | 5.73% |
| &nbsp;&nbsp;&nbsp;2024 | 4 | 34.94 | 33.37 | 130 | 3.46% | 1.25% | 1.40% | 0.52% | 0.37% |
| &nbsp;&nbsp;&nbsp;2023 | 4 | 34.76 | 33.24 | 134 | 2.24% | 1.25% | 1.40% | 4.89% | 4.73% |
| &nbsp;&nbsp;&nbsp;2022 | 6 | 33.14 | 31.74 | 201 | 2.23% | 1.25% | 1.40% | (10.38)% | (19.74)% |
| &nbsp;&nbsp;&nbsp;2021 | 7 | 39.55 | 36.98 | 245 | 2.03% | 1.25% | 1.55% | 4.82% | (5.86)% |
| Fidelity VIP Overseas Portfolio, Initial Class | Fidelity VIP Overseas Portfolio, Initial Class | Fidelity VIP Overseas Portfolio, Initial Class | Fidelity VIP Overseas Portfolio, Initial Class | Fidelity VIP Overseas Portfolio, Initial Class | Fidelity VIP Overseas Portfolio, Initial Class | Fidelity VIP Overseas Portfolio, Initial Class | Fidelity VIP Overseas Portfolio, Initial Class | Fidelity VIP Overseas Portfolio, Initial Class | Fidelity VIP Overseas Portfolio, Initial Class |
| &nbsp;&nbsp;&nbsp;2025 | 2 | 68.57 | 64.67 | 135 | 1.48% | 1.25% | 1.40% | 18.90% | 18.72% |
| &nbsp;&nbsp;&nbsp;2024 | 1 | 57.67 | 54.47 | 80 | 1.64% | 1.25% | 1.40% | 3.74% | 3.58% |
| &nbsp;&nbsp;&nbsp;2023 | 1 | 55.59 | 52.59 | 79 | 0.92% | 1.25% | 1.40% | 19.01% | 18.84% |
| &nbsp;&nbsp;&nbsp;2022 | 2 | 46.71 | 44.25 | 87 | 1.04% | 1.25% | 1.40% | (16.86)% | (29.34)% |
| &nbsp;&nbsp;&nbsp;2021 | 2 | 62.63 | 56.18 | 136 | 0.54% | 1.25% | 1.55% | 24.39% | 6.04% |
| First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I |
| &nbsp;&nbsp;&nbsp;2025 | 33 | 16.14 | 14.80 | 490 | 2.31% | 0.20% | 1.20% | 5.09% | 4.05% |
| &nbsp;&nbsp;&nbsp;2024 | 42 | 15.36 | 14.23 | 597 | 2.17% | 0.20% | 1.20% | 5.80% | 4.74% |
| &nbsp;&nbsp;&nbsp;2023 | 75 | 14.52 | 13.58 | 1017 | 1.80% | 0.20% | 1.20% | 10.29% | 9.19% |
| &nbsp;&nbsp;&nbsp;2022 | 189 | 13.16 | 12.44 | 2351 | 1.34% | 0.20% | 1.20% | (8.20)% | (17.18)% |
| &nbsp;&nbsp;&nbsp;2021 | 234 | 15.02 | 14.34 | 3355 | 0.95% | 0.20% | 1.20% | 16.16% | 6.94% |
| Franklin Income VIP Fund, Class 4 | Franklin Income VIP Fund, Class 4 | Franklin Income VIP Fund, Class 4 | Franklin Income VIP Fund, Class 4 | Franklin Income VIP Fund, Class 4 | Franklin Income VIP Fund, Class 4 | Franklin Income VIP Fund, Class 4 | Franklin Income VIP Fund, Class 4 | Franklin Income VIP Fund, Class 4 | Franklin Income VIP Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;2025 | 243 | 17.27 | 16.47 | 4055 | 4.76% | 0.20% | 1.20% | 12.21% | 11.09% |
| &nbsp;&nbsp;&nbsp;2024 | 298 | 15.39 | 14.83 | 4449 | 4.80% | 0.20% | 1.20% | 6.86% | 5.79% |
| &nbsp;&nbsp;&nbsp;2023 | 401 | 14.40 | 14.02 | 5651 | 4.76% | 0.20% | 1.20% | 8.33% | 7.26% |
| &nbsp;&nbsp;&nbsp;2022 | 793 | 13.29 | 13.07 | 10388 | 4.99% | 0.20% | 1.20% | (4.03)% | (9.37)% |
| &nbsp;&nbsp;&nbsp;2021 | 720 | 14.42 | 13.85 | 10111 | 4.50% | 0.20% | 1.20% | 18.59% | 14.27% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class |
| &nbsp;&nbsp;&nbsp;2025 | 8 | $39.45 | $37.83 | $314 | 1.13% | 1.25% | 1.40% | 9.51% | 9.34% |
| &nbsp;&nbsp;&nbsp;2024 | 8 | 36.03 | 34.60 | 287 | 1.54% | 1.25% | 1.40% | 15.63% | 15.46% |
| &nbsp;&nbsp;&nbsp;2023 | 8 | 31.16 | 29.97 | 251 | 1.78% | 1.25% | 1.40% | 11.61% | 11.45% |
| &nbsp;&nbsp;&nbsp;2022 | 8 | 27.91 | 26.89 | 229 | 1.35% | 1.25% | 1.40% | (0.63)% | (10.94)% |
| &nbsp;&nbsp;&nbsp;2021 | 9 | 30.19 | 28.09 | 252 | 1.30% | 1.25% | 1.55% | 26.90% | 14.09% |
| Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio | Goldman Sachs VIT Multi-Strategy Alternatives Portfolio |
| &nbsp;&nbsp;&nbsp;2025 |  |  |  |  | 0.00% | 0.20% | 1.20% | (0.84)% | (1.11)% |
| &nbsp;&nbsp;&nbsp;2024 | 31 | 12.06 | 10.32 | 327 | 1.60% | 0.20% | 1.20% | 2.91% | 1.88% |
| &nbsp;&nbsp;&nbsp;2023 | 62 | 11.72 | 10.13 | 643 | 4.15% | 0.20% | 1.20% | 7.32% | 6.25% |
| &nbsp;&nbsp;&nbsp;2022 | 128 | 10.92 | 9.53 | 1235 | 3.23% | 0.20% | 1.20% | 5.70% | (18.67)% |
| &nbsp;&nbsp;&nbsp;2021 | 139 | 11.72 | 10.33 | 1451 | 1.30% | 0.20% | 1.20% | 16.85% | (7.93)% |
| Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class |
| &nbsp;&nbsp;&nbsp;2024 | 0 \* | 66.00 | 66.00 | 29 | 0.00% | 1.40% | 1.40% | (4.23)% | (4.23)% |
| &nbsp;&nbsp;&nbsp;2023 |  |  |  |  | 0.00% | 1.25% | 1.55% | 40.18% | 39.77% |
| &nbsp;&nbsp;&nbsp;2022 | 0 \* |  |  |  | 0.00% | 1.25% | 1.55% | (33.35)% | (33.55)% |
| &nbsp;&nbsp;&nbsp;2021 |  | 56.25 | 52.39 | 4 | 0.00% | 1.25% | 1.55% | 24.58% | 16.04% |
| Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class |
| &nbsp;&nbsp;&nbsp;2025 | 1 | 65.39 | 62.68 | 76 | 0.73% | 1.25% | 1.40% | 14.31% | 14.14% |
| &nbsp;&nbsp;&nbsp;2024 | 1 | 57.20 | 54.92 | 67 | 0.67% | 1.25% | 1.40% | 26.72% | 26.53% |
| &nbsp;&nbsp;&nbsp;2023 | 1 | 45.14 | 43.40 | 52 | 0.71% | 1.25% | 1.40% | 22.27% | 22.09% |
| &nbsp;&nbsp;&nbsp;2022 | 1 | 36.92 | 35.55 | 43 | 0.79% | 1.25% | 1.40% | (14.80)% | (23.66)% |
| &nbsp;&nbsp;&nbsp;2021 | 1 | 46.57 | 43.33 | 57 | 0.83% | 1.25% | 1.55% | 32.30% | 18.91% |
| Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 42 | 31.53 | 31.07 | 1309 | 0.39% | 0.20% | 1.20% | 15.26% | 14.11% |
| &nbsp;&nbsp;&nbsp;2024 | 77 | 27.36 | 27.23 | 2131 | 0.41% | 0.20% | 1.20% | 27.75% | 26.47% |
| &nbsp;&nbsp;&nbsp;2023 | 107 | 21.41 | 21.53 | 2310 | 0.40% | 0.20% | 1.20% | 23.34% | 22.12% |
| &nbsp;&nbsp;&nbsp;2022 | 144 | 17.36 | 17.63 | 2527 | 0.57% | 0.20% | 1.20% | (19.25)% | (25.01)% |
| &nbsp;&nbsp;&nbsp;2021 | 185 | 23.51 | 21.50 | 4096 | 0.58% | 0.20% | 1.20% | 34.65% | 27.52% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Invesco V.I. Core Equity Fund, Series II | Invesco V.I. Core Equity Fund, Series II | Invesco V.I. Core Equity Fund, Series II | Invesco V.I. Core Equity Fund, Series II | Invesco V.I. Core Equity Fund, Series II | Invesco V.I. Core Equity Fund, Series II | Invesco V.I. Core Equity Fund, Series II | Invesco V.I. Core Equity Fund, Series II | Invesco V.I. Core Equity Fund, Series II | Invesco V.I. Core Equity Fund, Series II |
| &nbsp;&nbsp;&nbsp;2025 | 4 | $41.40 | $27.59 | $122 | 0.25% | 0.25% | 1.00% | 15.60% | 14.73% |
| &nbsp;&nbsp;&nbsp;2024 | 10 | 35.82 | 24.05 | 256 | 0.50% | 0.25% | 1.00% | 24.97% | 24.04% |
| &nbsp;&nbsp;&nbsp;2023 | 10 | 28.66 | 19.39 | 207 | 0.49% | 0.25% | 1.00% | 22.78% | 21.86% |
| &nbsp;&nbsp;&nbsp;2022 | 10 | 23.34 | 15.91 | 170 | 0.63% | 0.25% | 1.00% | (20.96)% | (10.32)% |
| &nbsp;&nbsp;&nbsp;2021 | 10 | 29.53 | 17.74 | 218 | 0.41% | 0.25% | 1.20% | 86.31% | (23.67)% |
| Invesco V.I. Core Plus Bond Fund, Series II | Invesco V.I. Core Plus Bond Fund, Series II | Invesco V.I. Core Plus Bond Fund, Series II | Invesco V.I. Core Plus Bond Fund, Series II | Invesco V.I. Core Plus Bond Fund, Series II | Invesco V.I. Core Plus Bond Fund, Series II | Invesco V.I. Core Plus Bond Fund, Series II | Invesco V.I. Core Plus Bond Fund, Series II | Invesco V.I. Core Plus Bond Fund, Series II | Invesco V.I. Core Plus Bond Fund, Series II |
| &nbsp;&nbsp;&nbsp;2025 | 20 | 10.97 | 10.63 | 213 | 3.27% | 0.20% | 1.20% | 6.75% | 5.74% |
| &nbsp;&nbsp;&nbsp;2024 | 32 | 10.27 | 10.05 | 326 | 2.43% | 0.20% | 1.00% | 2.52% | 1.70% |
| &nbsp;&nbsp;&nbsp;2023 | 97 | 10.02 | 9.89 | 961 | 2.08% | 0.20% | 1.00% | 5.64% | 4.80% |
| &nbsp;&nbsp;&nbsp;2022 | 152 | 9.49 | 9.43 | 1433 | 0.83% | 0.20% | 1.00% | (5.15)% | (5.66)% |
| Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II |
| &nbsp;&nbsp;&nbsp;2025 | 24 | 17.64 | 14.50 | 417 | 0.88% | 0.20% | 1.20% | 16.00% | 14.84% |
| &nbsp;&nbsp;&nbsp;2024 | 41 | 15.21 | 12.62 | 623 | 1.40% | 0.20% | 1.20% | 0.14% | (0.86)% |
| &nbsp;&nbsp;&nbsp;2023 | 66 | 15.18 | 12.73 | 951 | 0.00% | 0.20% | 1.20% | 17.63% | 16.46% |
| &nbsp;&nbsp;&nbsp;2022 | 104 | 12.91 | 10.93 | 1227 | 1.38% | 0.20% | 1.20% | (4.95)% | (46.72)% |
| &nbsp;&nbsp;&nbsp;2021 | 119 | 20.52 | 13.58 | 1759 | 1.06% | 0.20% | 1.20% | 49.02% | (9.83)% |
| Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II |
| &nbsp;&nbsp;&nbsp;2025 | 30 | 11.97 | 10.65 | 366 | 1.50% | 0.20% | 1.20% | 7.40% | 6.33% |
| &nbsp;&nbsp;&nbsp;2024 | 44 | 11.15 | 11.67 | 504 | 2.17% | 0.20% | 1.20% | (2.31)% | 4.59% |
| &nbsp;&nbsp;&nbsp;2023 | 74 | 11.41 | 11.16 | 825 | 1.10% | 0.20% | 1.20% | 8.61% | 7.53% |
| &nbsp;&nbsp;&nbsp;2022 | 103 | 10.51 | 10.38 | 1090 | 2.46% | 0.20% | 1.20% | (19.37)% | (50.04)% |
| &nbsp;&nbsp;&nbsp;2021 | 124 | 20.77 | 13.03 | 1759 | 2.65% | 0.20% | 1.20% | 83.48% | 16.03% |
| Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II |
| &nbsp;&nbsp;&nbsp;2025 | 110 | 22.24 | 22.06 | 2897 | 1.07% | 0.20% | 1.20% | 15.07% | 13.92% |
| &nbsp;&nbsp;&nbsp;2024 | 154 | 19.33 | 19.36 | 3577 | 1.09% | 0.20% | 1.20% | 15.49% | 14.33% |
| &nbsp;&nbsp;&nbsp;2023 | 237 | 16.73 | 16.94 | 4550 | 1.15% | 0.20% | 1.20% | 12.18% | 11.07% |
| &nbsp;&nbsp;&nbsp;2022 | 358 | 14.92 | 18.07 | 6002 | 1.34% | 0.20% | 1.20% | (5.23)% | (39.23)% |
| &nbsp;&nbsp;&nbsp;2021 | 344 | 29.74 | 15.74 | 6069 | 1.38% | 0.20% | 1.20% | 129.48% | 26.63% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Invesco V.I. International Growth Fund, Series II | Invesco V.I. International Growth Fund, Series II | Invesco V.I. International Growth Fund, Series II | Invesco V.I. International Growth Fund, Series II | Invesco V.I. International Growth Fund, Series II | Invesco V.I. International Growth Fund, Series II | Invesco V.I. International Growth Fund, Series II | Invesco V.I. International Growth Fund, Series II | Invesco V.I. International Growth Fund, Series II | Invesco V.I. International Growth Fund, Series II |
| &nbsp;&nbsp;&nbsp;2025 | 27 | $15.04 | $13.85 | $375 | 0.06% | 0.25% | 1.20% | 15.24% | 14.15% |
| &nbsp;&nbsp;&nbsp;2024 | 33 | 13.74 | 12.13 | 404 | 0.27% | 0.20% | 1.20% | 2.75% | (2.99)% |
| &nbsp;&nbsp;&nbsp;2023 | 70 | 13.37 | 12.51 | 883 | 0.21% | 0.20% | 1.20% | 20.40% | 19.20% |
| &nbsp;&nbsp;&nbsp;2022 | 137 | 11.10 | 10.49 | 1435 | 0.00% | 0.20% | 1.20% | (23.84)% | (31.33)% |
| &nbsp;&nbsp;&nbsp;2021 | 155 | 15.28 | 14.58 | 2260 | 0.00% | 0.20% | 1.20% | 14.03% | 4.89% |
| Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II |
| &nbsp;&nbsp;&nbsp;2025 | 74 | 22.26 | 21.09 | 1641 | 0.22% | 0.20% | 1.20% | 8.22% | 7.15% |
| &nbsp;&nbsp;&nbsp;2024 | 91 | 20.57 | 19.69 | 1866 | 0.00% | 0.20% | 1.20% | 12.18% | 11.06% |
| &nbsp;&nbsp;&nbsp;2023 | 126 | 18.34 | 17.73 | 2292 | 0.77% | 0.20% | 1.20% | 17.58% | 16.42% |
| &nbsp;&nbsp;&nbsp;2022 | 207 | 15.60 | 15.23 | 3191 | 0.24% | 0.20% | 1.20% | (15.01)% | (34.28)% |
| &nbsp;&nbsp;&nbsp;2021 | 252 | 23.17 | 18.35 | 4685 | 0.18% | 0.20% | 1.20% | 29.88% | 20.33% |
| Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II |
| &nbsp;&nbsp;&nbsp;2025 | 4 | 34.61 | 18.95 | 108 | 0.00% | 0.25% | 1.20% | 7.57% | 6.55% |
| &nbsp;&nbsp;&nbsp;2024 | 4 | 32.18 | 17.79 | 103 | 0.00% | 0.25% | 1.20% | 17.56% | 16.44% |
| &nbsp;&nbsp;&nbsp;2023 | 6 | 27.37 | 15.27 | 127 | 0.00% | 0.25% | 1.20% | 15.97% | 14.87% |
| &nbsp;&nbsp;&nbsp;2022 | 15 | 23.60 | 13.30 | 239 | 0.00% | 0.25% | 1.20% | 39.00% | (55.46)% |
| &nbsp;&nbsp;&nbsp;2021 | 19 | 29.85 | 16.98 | 368 | 0.00% | 0.20% | 1.20% | 108.60% | (31.86)% |
| Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares |
| &nbsp;&nbsp;&nbsp;2025 | 600 | 24.11 | 24.96 | 14821 | 1.67% | 0.20% | 1.20% | 14.59% | 13.45% |
| &nbsp;&nbsp;&nbsp;2024 | 709 | 21.04 | 22.00 | 15207 | 1.67% | 0.20% | 1.20% | 14.92% | 13.77% |
| &nbsp;&nbsp;&nbsp;2023 | 1017 | 18.31 | 19.34 | 18887 | 1.51% | 0.20% | 1.20% | 14.90% | 13.77% |
| &nbsp;&nbsp;&nbsp;2022 | 1914 | 15.93 | 17.00 | 33260 | 0.92% | 0.20% | 1.20% | (13.26)% | (40.87)% |
| &nbsp;&nbsp;&nbsp;2021 | 2466 | 28.75 | 18.37 | 50455 | 0.67% | 0.20% | 1.20% | 60.97% | 11.94% |
| Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares |
| &nbsp;&nbsp;&nbsp;2025 | 129 | 28.47 | 27.78 | 3670 | 0.05% | 0.20% | 1.20% | 7.20% | 6.13% |
| &nbsp;&nbsp;&nbsp;2024 | 209 | 26.56 | 26.17 | 5581 | 0.61% | 0.20% | 1.20% | 15.09% | 13.94% |
| &nbsp;&nbsp;&nbsp;2023 | 303 | 23.08 | 22.97 | 7043 | 0.08% | 0.20% | 1.20% | 17.54% | 16.37% |
| &nbsp;&nbsp;&nbsp;2022 | 434 | 19.63 | 19.85 | 8634 | 0.08% | 0.20% | 1.20% | (15.48)% | (22.23)% |
| &nbsp;&nbsp;&nbsp;2021 | 516 | 25.53 | 23.23 | 12321 | 0.24% | 0.20% | 1.20% | 22.68% | 15.17% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Janus Henderson VIT Flexible Bond Portfolio, Service Shares | Janus Henderson VIT Flexible Bond Portfolio, Service Shares | Janus Henderson VIT Flexible Bond Portfolio, Service Shares | Janus Henderson VIT Flexible Bond Portfolio, Service Shares | Janus Henderson VIT Flexible Bond Portfolio, Service Shares | Janus Henderson VIT Flexible Bond Portfolio, Service Shares | Janus Henderson VIT Flexible Bond Portfolio, Service Shares | Janus Henderson VIT Flexible Bond Portfolio, Service Shares | Janus Henderson VIT Flexible Bond Portfolio, Service Shares | Janus Henderson VIT Flexible Bond Portfolio, Service Shares |
| &nbsp;&nbsp;&nbsp;2025 | 115 | $11.79 | $23.45 | $1362 | 4.46% | 0.20% | 1.40% | 7.01% | 5.73% |
| &nbsp;&nbsp;&nbsp;2024 | 126 | 11.02 | 22.18 | 1406 | 3.92% | 0.20% | 1.40% | 1.42% | 0.21% |
| &nbsp;&nbsp;&nbsp;2023 | 186 | 10.87 | 22.13 | 1992 | 3.42% | 0.20% | 1.40% | 5.08% | 3.83% |
| &nbsp;&nbsp;&nbsp;2022 | 232 | 10.34 | 21.31 | 2356 | 1.89% | 0.20% | 1.40% | (9.77)% | (17.83)% |
| &nbsp;&nbsp;&nbsp;2021 | 293 | 25.94 | 11.46 | 3455 | 1.64% | 0.20% | 1.55% | 0.78% | (5.99)% |
| Janus Henderson VIT Mid Cap Value Portfolio, Service Shares | Janus Henderson VIT Mid Cap Value Portfolio, Service Shares | Janus Henderson VIT Mid Cap Value Portfolio, Service Shares | Janus Henderson VIT Mid Cap Value Portfolio, Service Shares | Janus Henderson VIT Mid Cap Value Portfolio, Service Shares | Janus Henderson VIT Mid Cap Value Portfolio, Service Shares | Janus Henderson VIT Mid Cap Value Portfolio, Service Shares | Janus Henderson VIT Mid Cap Value Portfolio, Service Shares | Janus Henderson VIT Mid Cap Value Portfolio, Service Shares | Janus Henderson VIT Mid Cap Value Portfolio, Service Shares |
| &nbsp;&nbsp;&nbsp;2025 | 5 | 30.94 | 21.49 | 157 | 0.68% | 0.25% | 1.00% | 6.03% | 5.24% |
| &nbsp;&nbsp;&nbsp;2024 | 5 | 29.18 | 20.42 | 152 | 0.83% | 0.25% | 1.00% | 12.52% | 11.67% |
| &nbsp;&nbsp;&nbsp;2023 | 6 | 25.93 | 18.28 | 147 | 0.97% | 0.25% | 1.00% | 10.83% | 10.00% |
| &nbsp;&nbsp;&nbsp;2022 | 6 | 23.40 | 16.62 | 136 | 1.18% | 0.25% | 1.00% | 33.47% | (33.22)% |
| &nbsp;&nbsp;&nbsp;2021 | 8 | 24.89 | 17.53 | 184 | 0.31% | 0.25% | 1.20% | 67.61% | (16.12)% |
| Janus Henderson VIT Overseas Portfolio, Institutional Shares | Janus Henderson VIT Overseas Portfolio, Institutional Shares | Janus Henderson VIT Overseas Portfolio, Institutional Shares | Janus Henderson VIT Overseas Portfolio, Institutional Shares | Janus Henderson VIT Overseas Portfolio, Institutional Shares | Janus Henderson VIT Overseas Portfolio, Institutional Shares | Janus Henderson VIT Overseas Portfolio, Institutional Shares | Janus Henderson VIT Overseas Portfolio, Institutional Shares | Janus Henderson VIT Overseas Portfolio, Institutional Shares | Janus Henderson VIT Overseas Portfolio, Institutional Shares |
| &nbsp;&nbsp;&nbsp;2025 | 2 | 41.44 | 39.70 | 97 | 1.45% | 1.25% | 1.40% | 27.27% | 27.08% |
| &nbsp;&nbsp;&nbsp;2024 | 2 | 32.56 | 31.24 | 77 | 1.33% | 1.25% | 1.40% | 4.51% | 4.36% |
| &nbsp;&nbsp;&nbsp;2023 | 3 | 31.15 | 29.94 | 88 | 1.51% | 1.25% | 1.40% | 9.50% | 9.34% |
| &nbsp;&nbsp;&nbsp;2022 | 2 | 28.45 | 27.38 | 67 | 1.75% | 1.25% | 1.40% | (2.71)% | (13.14)% |
| &nbsp;&nbsp;&nbsp;2021 | 3 | 31.52 | 29.24 | 78 | 1.14% | 1.25% | 1.55% | 16.22% | 4.06% |
| Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares |
| &nbsp;&nbsp;&nbsp;2025 | 2 | 23.35 | 17.08 | 40 | 1.33% | 0.25% | 1.00% | 28.26% | 27.30% |
| &nbsp;&nbsp;&nbsp;2024 | 2 | 18.21 | 13.42 | 33 | 1.29% | 0.25% | 1.00% | 5.31% | 4.52% |
| &nbsp;&nbsp;&nbsp;2023 | 2 | 17.29 | 12.84 | 31 | 1.42% | 0.25% | 1.00% | 10.31% | 9.49% |
| &nbsp;&nbsp;&nbsp;2022 | 2 | 15.67 | 11.72 | 31 | 1.23% | 0.25% | 1.00% | 22.63% | (31.95)% |
| &nbsp;&nbsp;&nbsp;2021 | 6 | 17.23 | 12.78 | 86 | 1.03% | 0.25% | 1.20% | 50.88% | (16.20)% |
| Lord Abbett Series Fund Developing Growth Portfolio, Class VC | Lord Abbett Series Fund Developing Growth Portfolio, Class VC | Lord Abbett Series Fund Developing Growth Portfolio, Class VC | Lord Abbett Series Fund Developing Growth Portfolio, Class VC | Lord Abbett Series Fund Developing Growth Portfolio, Class VC | Lord Abbett Series Fund Developing Growth Portfolio, Class VC | Lord Abbett Series Fund Developing Growth Portfolio, Class VC | Lord Abbett Series Fund Developing Growth Portfolio, Class VC | Lord Abbett Series Fund Developing Growth Portfolio, Class VC | Lord Abbett Series Fund Developing Growth Portfolio, Class VC |
| &nbsp;&nbsp;&nbsp;2025 | 12 | 28.14 | 20.47 | 258 | 0.19% | 0.45% | 1.20% | 14.08% | 13.23% |
| &nbsp;&nbsp;&nbsp;2024 | 13 | 24.67 | 18.08 | 242 | 0.16% | 0.45% | 1.20% | 21.63% | 20.71% |
| &nbsp;&nbsp;&nbsp;2023 | 13 | 20.28 | 14.97 | 216 | 0.00% | 0.45% | 1.20% | 7.69% | 6.89% |
| &nbsp;&nbsp;&nbsp;2022 | 25 | 18.84 | 17.65 | 365 | 0.00% | 0.45% | 1.20% | (14.97)% | (41.17)% |
| &nbsp;&nbsp;&nbsp;2021 | 29 | 30.01 | 22.15 | 690 | 0.00% | 0.20% | 1.20% | 3.34% | (27.45)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| LVIP American Century Inflation Protection Fund, Service Class | LVIP American Century Inflation Protection Fund, Service Class | LVIP American Century Inflation Protection Fund, Service Class | LVIP American Century Inflation Protection Fund, Service Class | LVIP American Century Inflation Protection Fund, Service Class | LVIP American Century Inflation Protection Fund, Service Class | LVIP American Century Inflation Protection Fund, Service Class | LVIP American Century Inflation Protection Fund, Service Class | LVIP American Century Inflation Protection Fund, Service Class | LVIP American Century Inflation Protection Fund, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 26 | $12.17 | $11.23 | $317 | 7.01% | 0.20% | 1.20% | 6.12% | 5.06% |
| &nbsp;&nbsp;&nbsp;2024 | 49 | 11.47 | 10.69 | 557 | 3.66% | 0.20% | 1.20% | 1.34% | 0.32% |
| &nbsp;&nbsp;&nbsp;2023 | 83 | 11.32 | 10.66 | 916 | 3.08% | 0.20% | 1.20% | 3.19% | 2.17% |
| &nbsp;&nbsp;&nbsp;2022 | 136 | 10.97 | 10.43 | 1448 | 4.75% | 0.20% | 1.20% | (8.12)% | (18.45)% |
| &nbsp;&nbsp;&nbsp;2021 | 154 | 12.79 | 11.94 | 1906 | 3.20% | 0.20% | 1.20% | 10.54% | 0.17% |
| LVIP American Century Mid Cap Value Fund, Service Class | LVIP American Century Mid Cap Value Fund, Service Class | LVIP American Century Mid Cap Value Fund, Service Class | LVIP American Century Mid Cap Value Fund, Service Class | LVIP American Century Mid Cap Value Fund, Service Class | LVIP American Century Mid Cap Value Fund, Service Class | LVIP American Century Mid Cap Value Fund, Service Class | LVIP American Century Mid Cap Value Fund, Service Class | LVIP American Century Mid Cap Value Fund, Service Class | LVIP American Century Mid Cap Value Fund, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 144 | 18.88 | 20.17 | 3152 | 1.49% | 0.20% | 1.20% | 8.61% | 7.53% |
| &nbsp;&nbsp;&nbsp;2024 | 171 | 17.38 | 22.83 | 3550 | 2.18% | 0.20% | 1.20% | 8.31% | 8.22% |
| &nbsp;&nbsp;&nbsp;2023 | 268 | 16.05 | 21.09 | 5010 | 2.10% | 0.20% | 1.20% | 5.82% | 4.77% |
| &nbsp;&nbsp;&nbsp;2022 | 470 | 15.17 | 20.14 | 8077 | 2.09% | 0.20% | 1.20% | (0.61)% | (36.46)% |
| &nbsp;&nbsp;&nbsp;2021 | 530 | 31.69 | 15.26 | 9431 | 1.02% | 0.20% | 1.20% | 86.41% | 21.59% |
| LVIP American Century Value Fund, Service Class | LVIP American Century Value Fund, Service Class | LVIP American Century Value Fund, Service Class | LVIP American Century Value Fund, Service Class | LVIP American Century Value Fund, Service Class | LVIP American Century Value Fund, Service Class | LVIP American Century Value Fund, Service Class | LVIP American Century Value Fund, Service Class | LVIP American Century Value Fund, Service Class | LVIP American Century Value Fund, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 214 | 21.31 | 21.98 | 4701 | 1.42% | 0.20% | 1.20% | 15.62% | 14.47% |
| &nbsp;&nbsp;&nbsp;2024 | 262 | 18.43 | 19.20 | 5013 | 2.50% | 0.20% | 1.20% | 9.07% | 7.98% |
| &nbsp;&nbsp;&nbsp;2023 | 593 | 16.89 | 17.78 | 10412 | 2.16% | 0.20% | 1.20% | 8.80% | 7.72% |
| &nbsp;&nbsp;&nbsp;2022 | 738 | 15.53 | 16.51 | 12137 | 1.93% | 0.20% | 1.20% | 1.09% | (5.73)% |
| &nbsp;&nbsp;&nbsp;2021 | 780 | 17.51 | 15.36 | 12903 | 1.61% | 0.20% | 1.20% | 29.13% | 22.78% |
| LVIP JPMorgan Small Cap Core Fund, Service Class | LVIP JPMorgan Small Cap Core Fund, Service Class | LVIP JPMorgan Small Cap Core Fund, Service Class | LVIP JPMorgan Small Cap Core Fund, Service Class | LVIP JPMorgan Small Cap Core Fund, Service Class | LVIP JPMorgan Small Cap Core Fund, Service Class | LVIP JPMorgan Small Cap Core Fund, Service Class | LVIP JPMorgan Small Cap Core Fund, Service Class | LVIP JPMorgan Small Cap Core Fund, Service Class | LVIP JPMorgan Small Cap Core Fund, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 19 | 15.56 | 14.95 | 307 | 0.44% | 0.20% | 1.20% | 5.84% | 8.69% |
| &nbsp;&nbsp;&nbsp;2024 | 21 | 14.71 | 13.76 | 298 | 0.35% | 0.20% | 1.20% | 11.21% | 10.10% |
| &nbsp;&nbsp;&nbsp;2023 | 28 | 13.22 | 12.49 | 350 | 0.93% | 0.20% | 1.20% | 12.58% | 11.46% |
| &nbsp;&nbsp;&nbsp;2022 | 31 | 11.75 | 11.21 | 355 | 0.08% | 0.20% | 1.20% | (16.70)% | (23.38)% |
| &nbsp;&nbsp;&nbsp;2021 | 40 | 14.63 | 14.10 | 571 | 0.26% | 0.20% | 1.20% | 24.09% | 19.59% |
| LVIP Nomura U.S. REIT Fund, Service Class | LVIP Nomura U.S. REIT Fund, Service Class | LVIP Nomura U.S. REIT Fund, Service Class | LVIP Nomura U.S. REIT Fund, Service Class | LVIP Nomura U.S. REIT Fund, Service Class | LVIP Nomura U.S. REIT Fund, Service Class | LVIP Nomura U.S. REIT Fund, Service Class | LVIP Nomura U.S. REIT Fund, Service Class | LVIP Nomura U.S. REIT Fund, Service Class | LVIP Nomura U.S. REIT Fund, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 16 | 13.42 | 13.29 | 221 | 2.24% | 0.20% | 1.20% | 0.52% | (0.48)% |
| &nbsp;&nbsp;&nbsp;2024 | 19 | 13.35 | 13.35 | 293 | 1.60% | 0.20% | 1.20% | 7.33% | 6.26% |
| &nbsp;&nbsp;&nbsp;2023 | 73 | 12.44 | 12.57 | 952 | 2.76% | 0.20% | 1.20% | 12.02% | 10.91% |
| &nbsp;&nbsp;&nbsp;2022 | 100 | 11.10 | 11.33 | 1170 | 2.45% | 0.20% | 1.20% | (24.92)% | (54.38)% |
| &nbsp;&nbsp;&nbsp;2021 | 143 | 24.84 | 14.79 | 2264 | 2.37% | 0.20% | 1.20% | 90.34% | 40.86% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| MFS VIT II Blended Research Core Equity Portfolio, Service Class | MFS VIT II Blended Research Core Equity Portfolio, Service Class | MFS VIT II Blended Research Core Equity Portfolio, Service Class | MFS VIT II Blended Research Core Equity Portfolio, Service Class | MFS VIT II Blended Research Core Equity Portfolio, Service Class | MFS VIT II Blended Research Core Equity Portfolio, Service Class | MFS VIT II Blended Research Core Equity Portfolio, Service Class | MFS VIT II Blended Research Core Equity Portfolio, Service Class | MFS VIT II Blended Research Core Equity Portfolio, Service Class | MFS VIT II Blended Research Core Equity Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 100 | $32.48 | $31.19 | $3195 | 0.76% | 0.20% | 1.20% | 15.59% | 14.44% |
| &nbsp;&nbsp;&nbsp;2024 | 107 | 28.10 | 27.25 | 2959 | 0.91% | 0.20% | 1.20% | 24.93% | 23.68% |
| &nbsp;&nbsp;&nbsp;2023 | 123 | 22.49 | 22.04 | 2746 | 0.98% | 0.20% | 1.20% | 27.95% | 26.68% |
| &nbsp;&nbsp;&nbsp;2022 | 167 | 17.58 | 17.40 | 2919 | 0.87% | 0.20% | 1.20% | (15.52)% | (21.57)% |
| &nbsp;&nbsp;&nbsp;2021 | 169 | 22.18 | 20.81 | 3543 | 0.91% | 0.20% | 1.20% | 34.75% | 27.59% |
| MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 15 | 17.29 | 16.17 | 259 | 0.70% | 0.20% | 1.20% | 20.57% | 19.37% |
| &nbsp;&nbsp;&nbsp;2024 | 18 | 14.34 | 13.55 | 260 | 0.75% | 0.20% | 1.20% | 8.54% | 7.46% |
| &nbsp;&nbsp;&nbsp;2023 | 26 | 13.21 | 12.61 | 337 | 0.95% | 0.20% | 1.20% | 14.17% | 13.03% |
| &nbsp;&nbsp;&nbsp;2022 | 22 | 11.57 | 11.15 | 250 | 0.40% | 0.20% | 1.20% | (13.07)% | (18.41)% |
| &nbsp;&nbsp;&nbsp;2021 | 20 | 13.67 | 13.31 | 272 | 0.44% | 0.20% | 1.20% | 10.60% | 5.89% |
| MFS VIT II Technology Portfolio, Service Class | MFS VIT II Technology Portfolio, Service Class | MFS VIT II Technology Portfolio, Service Class | MFS VIT II Technology Portfolio, Service Class | MFS VIT II Technology Portfolio, Service Class | MFS VIT II Technology Portfolio, Service Class | MFS VIT II Technology Portfolio, Service Class | MFS VIT II Technology Portfolio, Service Class | MFS VIT II Technology Portfolio, Service Class | MFS VIT II Technology Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 243 | 48.83 | 48.51 | 11923 | 0.00% | 0.20% | 1.20% | 16.04% | 14.89% |
| &nbsp;&nbsp;&nbsp;2024 | 310 | 42.08 | 42.22 | 13093 | 0.00% | 0.20% | 1.20% | 36.17% | 34.81% |
| &nbsp;&nbsp;&nbsp;2023 | 350 | 30.90 | 31.32 | 10950 | 0.00% | 0.20% | 1.20% | 53.51% | 51.99% |
| &nbsp;&nbsp;&nbsp;2022 | 521 | 20.13 | 20.60 | 10687 | 0.00% | 0.20% | 1.20% | (35.33)% | (39.95)% |
| &nbsp;&nbsp;&nbsp;2021 | 643 | 34.31 | 31.13 | 20764 | 0.00% | 0.20% | 1.20% | 18.27% | 12.06% |
| MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 55 | 18.28 | 16.76 | 976 | 0.90% | 0.20% | 1.20% | 5.28% | 4.23% |
| &nbsp;&nbsp;&nbsp;2024 | 116 | 17.36 | 16.08 | 1982 | 0.76% | 0.20% | 1.20% | 4.44% | 3.39% |
| &nbsp;&nbsp;&nbsp;2023 | 136 | 16.63 | 15.55 | 2222 | 0.54% | 0.20% | 1.20% | 18.43% | 17.26% |
| &nbsp;&nbsp;&nbsp;2022 | 172 | 14.04 | 13.26 | 2357 | 0.50% | 0.20% | 1.20% | (14.81)% | (23.19)% |
| &nbsp;&nbsp;&nbsp;2021 | 175 | 17.27 | 16.48 | 2965 | 0.68% | 0.20% | 1.20% | 33.67% | 22.99% |
| Neuberger Berman AMT Quality Equity Portfolio, Class S | Neuberger Berman AMT Quality Equity Portfolio, Class S | Neuberger Berman AMT Quality Equity Portfolio, Class S | Neuberger Berman AMT Quality Equity Portfolio, Class S | Neuberger Berman AMT Quality Equity Portfolio, Class S | Neuberger Berman AMT Quality Equity Portfolio, Class S | Neuberger Berman AMT Quality Equity Portfolio, Class S | Neuberger Berman AMT Quality Equity Portfolio, Class S | Neuberger Berman AMT Quality Equity Portfolio, Class S | Neuberger Berman AMT Quality Equity Portfolio, Class S |
| &nbsp;&nbsp;&nbsp;2025 | 32 | 29.51 | 28.18 | 998 | 0.00% | 0.20% | 1.20% | 13.21% | 12.08% |
| &nbsp;&nbsp;&nbsp;2024 | 39 | 26.07 | 25.14 | 1147 | 0.00% | 0.20% | 1.20% | 25.27% | 24.02% |
| &nbsp;&nbsp;&nbsp;2023 | 56 | 20.81 | 20.27 | 1336 | 0.07% | 0.20% | 1.20% | 26.31% | 25.06% |
| &nbsp;&nbsp;&nbsp;2022 | 89 | 16.47 | 16.21 | 1598 | 0.12% | 0.20% | 1.20% | (18.00)% | (55.07)% |
| &nbsp;&nbsp;&nbsp;2021 | 91 | 36.08 | 20.09 | 2030 | 0.18% | 0.20% | 1.20% | 117.74% | (31.60)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Nomura VIP Emerging Markets Series, Service Class | Nomura VIP Emerging Markets Series, Service Class | Nomura VIP Emerging Markets Series, Service Class | Nomura VIP Emerging Markets Series, Service Class | Nomura VIP Emerging Markets Series, Service Class | Nomura VIP Emerging Markets Series, Service Class | Nomura VIP Emerging Markets Series, Service Class | Nomura VIP Emerging Markets Series, Service Class | Nomura VIP Emerging Markets Series, Service Class | Nomura VIP Emerging Markets Series, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 69 | $26.49 | $23.54 | $1713 | 1.19% | 0.20% | 1.20% | 80.41% | 78.62% |
| &nbsp;&nbsp;&nbsp;2024 | 81 | 14.68 | 13.18 | 1128 | 2.22% | 0.20% | 1.20% | 4.56% | 3.51% |
| &nbsp;&nbsp;&nbsp;2023 | 154 | 14.04 | 12.73 | 2011 | 1.32% | 0.20% | 1.20% | 13.22% | 12.10% |
| &nbsp;&nbsp;&nbsp;2022 | 202 | 12.40 | 11.36 | 2352 | 3.99% | 0.20% | 1.20% | (8.81)% | (38.90)% |
| &nbsp;&nbsp;&nbsp;2021 | 268 | 18.59 | 13.60 | 4355 | 0.06% | 0.20% | 1.20% | 11.72% | (23.64)% |
| Nomura VIP Energy Series, Service Class | Nomura VIP Energy Series, Service Class | Nomura VIP Energy Series, Service Class | Nomura VIP Energy Series, Service Class | Nomura VIP Energy Series, Service Class | Nomura VIP Energy Series, Service Class | Nomura VIP Energy Series, Service Class | Nomura VIP Energy Series, Service Class | Nomura VIP Energy Series, Service Class | Nomura VIP Energy Series, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 133 | 8.67 | 9.44 | 1179 | 0.98% | 0.20% | 1.20% | 11.66% | 10.55% |
| &nbsp;&nbsp;&nbsp;2024 | 155 | 7.76 | 8.54 | 1240 | 3.04% | 0.20% | 1.20% | (5.79)% | (6.73)% |
| &nbsp;&nbsp;&nbsp;2023 | 189 | 8.24 | 9.16 | 1626 | 2.52% | 0.20% | 1.20% | 3.81% | 2.78% |
| &nbsp;&nbsp;&nbsp;2022 | 333 | 7.94 | 8.91 | 2856 | 2.85% | 0.20% | 1.20% | 51.80% | 40.78% |
| &nbsp;&nbsp;&nbsp;2021 | 286 | 6.33 | 5.23 | 1620 | 1.94% | 0.20% | 1.20% | 48.24% | 40.21% |
| Nomura VIP International Core Equity Series, Service Class | Nomura VIP International Core Equity Series, Service Class | Nomura VIP International Core Equity Series, Service Class | Nomura VIP International Core Equity Series, Service Class | Nomura VIP International Core Equity Series, Service Class | Nomura VIP International Core Equity Series, Service Class | Nomura VIP International Core Equity Series, Service Class | Nomura VIP International Core Equity Series, Service Class | Nomura VIP International Core Equity Series, Service Class | Nomura VIP International Core Equity Series, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 7 | 12.14 | 12.24 | 83 | 0.45% | 0.25% | 1.20% | 11.01% | 22.69% |
| &nbsp;&nbsp;&nbsp;2024 | 13 | 9.97 | 9.97 | 126 | 1.41% | 1.20% | 1.20% | (0.27)% | (0.27)% |
| Nomura VIP Small Cap Value Series, Service Class | Nomura VIP Small Cap Value Series, Service Class | Nomura VIP Small Cap Value Series, Service Class | Nomura VIP Small Cap Value Series, Service Class | Nomura VIP Small Cap Value Series, Service Class | Nomura VIP Small Cap Value Series, Service Class | Nomura VIP Small Cap Value Series, Service Class | Nomura VIP Small Cap Value Series, Service Class | Nomura VIP Small Cap Value Series, Service Class | Nomura VIP Small Cap Value Series, Service Class |
| &nbsp;&nbsp;&nbsp;2025 | 62 | 17.47 | 19.00 | 1217 | 1.01% | 0.20% | 1.20% | 7.61% | 6.54% |
| &nbsp;&nbsp;&nbsp;2024 | 76 | 16.24 | 17.83 | 1456 | 1.03% | 0.20% | 1.20% | 10.80% | 9.69% |
| &nbsp;&nbsp;&nbsp;2023 | 106 | 14.65 | 16.25 | 1807 | 0.68% | 0.20% | 1.20% | 8.88% | 7.80% |
| &nbsp;&nbsp;&nbsp;2022 | 188 | 13.46 | 15.08 | 2891 | 0.54% | 0.20% | 1.20% | (11.63)% | (48.17)% |
| &nbsp;&nbsp;&nbsp;2021 | 245 | 29.09 | 15.23 | 4356 | 0.62% | 0.20% | 1.20% | 121.22% | 32.43% |
| 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 | NVIT Fidelity Institutional AM Emerging Markets Fund, Class D |
| &nbsp;&nbsp;&nbsp;2025 | 4 | 14.11 | 14.11 | 56 | 0.31% | 1.40% | 1.40% | 33.88% | 33.88% |
| &nbsp;&nbsp;&nbsp;2024 | 4 | 10.54 | 10.54 | 45 | 1.35% | 1.40% | 1.40% | 4.50% | 4.50% |
| &nbsp;&nbsp;&nbsp;2023 | 4 | 10.08 | 10.08 | 45 | 1.43% | 1.40% | 1.40% | 2.36% | 2.36% |
| &nbsp;&nbsp;&nbsp;2022 | 5 | 9.85 | 9.85 | 45 | 0.16% | 1.40% | 1.40% | (25.43)% | (26.65)% |
| &nbsp;&nbsp;&nbsp;2021 | 5 | 13.43 | 13.21 | 72 | 0.90% | 1.25% | 1.55% | (8.14)% | (10.20)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;2025 | 89 | $15.92 | $12.90 | $1239 | 2.71% | 0.20% | 1.20% | 18.42% | 17.25% |
| &nbsp;&nbsp;&nbsp;2024 | 109 | 13.45 | 11.00 | 1231 | 1.58% | 0.20% | 1.20% | 3.76% | 5.00% |
| &nbsp;&nbsp;&nbsp;2023 | 262 | 12.96 | 10.71 | 3131 | 14.12% | 0.20% | 1.20% | (8.12)% | (9.03)% |
| &nbsp;&nbsp;&nbsp;2022 | 200 | 14.10 | 11.78 | 2418 | 20.46% | 0.20% | 1.20% | 84.14% | (9.48)% |
| &nbsp;&nbsp;&nbsp;2021 | 156 | 13.01 | 7.66 | 1678 | 4.06% | 0.20% | 1.20% | 56.00% | (21.76)% |
| PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;2025 | 57 | 9.69 | 8.28 | 507 | 3.22% | 0.20% | 1.20% | 5.97% | 4.92% |
| &nbsp;&nbsp;&nbsp;2024 | 72 | 9.14 | 7.90 | 604 | 2.60% | 0.20% | 1.20% | (6.29)% | (7.23)% |
| &nbsp;&nbsp;&nbsp;2023 | 119 | 9.76 | 8.51 | 1057 | 2.25% | 0.20% | 1.20% | 3.68% | 2.65% |
| &nbsp;&nbsp;&nbsp;2022 | 231 | 9.41 | 8.29 | 1920 | 1.98% | 0.20% | 1.20% | (20.31)% | (37.52)% |
| &nbsp;&nbsp;&nbsp;2021 | 76 | 13.27 | 11.81 | 924 | 1.49% | 0.20% | 1.20% | 5.57% | (15.52)% |
| PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;2025 | 265 | 11.46 | 10.35 | 2927 | 3.85% | 0.20% | 1.20% | 5.21% | 4.16% |
| &nbsp;&nbsp;&nbsp;2024 | 299 | 10.90 | 9.94 | 3151 | 3.89% | 0.20% | 1.20% | 4.18% | 3.14% |
| &nbsp;&nbsp;&nbsp;2023 | 415 | 10.46 | 9.64 | 4173 | 3.52% | 0.20% | 1.20% | 4.66% | 3.62% |
| &nbsp;&nbsp;&nbsp;2022 | 364 | 9.99 | 9.30 | 3558 | 1.50% | 0.20% | 1.20% | 0.23% | (17.49)% |
| &nbsp;&nbsp;&nbsp;2021 | 417 | 11.27 | 9.97 | 4356 | 0.41% | 0.20% | 1.20% | 10.27% | (7.43)% |
| PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;2025 | 108 | 12.70 | 11.62 | 1355 | 3.19% | 0.20% | 1.20% | 7.53% | 6.46% |
| &nbsp;&nbsp;&nbsp;2024 | 114 | 11.81 | 11.07 | 1329 | 2.55% | 0.20% | 1.20% | 1.83% | 3.48% |
| &nbsp;&nbsp;&nbsp;2023 | 127 | 11.60 | 10.83 | 1425 | 2.86% | 0.20% | 1.20% | 3.36% | 2.33% |
| &nbsp;&nbsp;&nbsp;2022 | 189 | 11.22 | 10.58 | 2056 | 6.42% | 0.20% | 1.20% | (6.67)% | (18.36)% |
| &nbsp;&nbsp;&nbsp;2021 | 471 | 12.96 | 12.02 | 5766 | 4.96% | 0.20% | 1.20% | 11.05% | (0.91)% |
| PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;2025 | 193 | 12.48 | 11.54 | 2329 | 4.38% | 0.20% | 1.20% | 4.36% | 3.32% |
| &nbsp;&nbsp;&nbsp;2024 | 308 | 11.96 | 11.17 | 3616 | 4.92% | 0.20% | 1.20% | 5.73% | 4.68% |
| &nbsp;&nbsp;&nbsp;2023 | 397 | 11.31 | 10.67 | 4404 | 4.33% | 0.20% | 1.20% | 5.59% | 4.54% |
| &nbsp;&nbsp;&nbsp;2022 | 613 | 10.71 | 10.21 | 6448 | 1.47% | 0.20% | 1.20% | 3.38% | (6.66)% |
| &nbsp;&nbsp;&nbsp;2021 | 728 | 10.94 | 10.36 | 7734 | 1.01% | 0.20% | 1.20% | 4.19% | (4.07)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;2025 | 952 | $11.97 | $10.96 | $11499 | 4.01% | 0.20% | 1.20% | 8.56% | 7.48% |
| &nbsp;&nbsp;&nbsp;2024 | 1051 | 11.02 | 10.20 | 11608 | 3.97% | 0.20% | 1.20% | 2.23% | 1.20% |
| &nbsp;&nbsp;&nbsp;2023 | 761 | 10.78 | 10.08 | 8204 | 3.46% | 0.20% | 1.20% | 5.62% | 4.57% |
| &nbsp;&nbsp;&nbsp;2022 | 892 | 10.21 | 9.64 | 9070 | 2.49% | 0.20% | 1.20% | (10.36)% | (28.49)% |
| &nbsp;&nbsp;&nbsp;2021 | 1054 | 13.48 | 11.39 | 12554 | 1.72% | 0.20% | 1.20% | 15.31% | (6.18)% |
| Putnam VT Core Equity Fund, Class IB | Putnam VT Core Equity Fund, Class IB | Putnam VT Core Equity Fund, Class IB | Putnam VT Core Equity Fund, Class IB | Putnam VT Core Equity Fund, Class IB | Putnam VT Core Equity Fund, Class IB | Putnam VT Core Equity Fund, Class IB | Putnam VT Core Equity Fund, Class IB | Putnam VT Core Equity Fund, Class IB | Putnam VT Core Equity Fund, Class IB |
| &nbsp;&nbsp;&nbsp;2025 | 48 | 36.08 | 34.16 | 1709 | 0.40% | 0.20% | 1.20% | 16.57% | 15.41% |
| &nbsp;&nbsp;&nbsp;2024 | 54 | 30.95 | 29.60 | 1668 | 0.62% | 0.20% | 1.20% | 26.70% | 25.44% |
| &nbsp;&nbsp;&nbsp;2023 | 57 | 24.43 | 23.60 | 1380 | 0.52% | 0.20% | 1.20% | 27.83% | 26.56% |
| &nbsp;&nbsp;&nbsp;2022 | 74 | 19.11 | 18.65 | 1395 | 0.89% | 0.20% | 1.20% | (14.69)% | (22.57)% |
| &nbsp;&nbsp;&nbsp;2021 | 32 | 24.08 | 22.40 | 726 | 0.51% | 0.20% | 1.20% | 39.11% | 28.81% |
| Putnam VT Emerging Markets Equity Fund, Class IB | Putnam VT Emerging Markets Equity Fund, Class IB | Putnam VT Emerging Markets Equity Fund, Class IB | Putnam VT Emerging Markets Equity Fund, Class IB | Putnam VT Emerging Markets Equity Fund, Class IB | Putnam VT Emerging Markets Equity Fund, Class IB | Putnam VT Emerging Markets Equity Fund, Class IB | Putnam VT Emerging Markets Equity Fund, Class IB | Putnam VT Emerging Markets Equity Fund, Class IB | Putnam VT Emerging Markets Equity Fund, Class IB |
| &nbsp;&nbsp;&nbsp;2025 | 3 | 17.13 | 16.11 | 53 | 0.64% | 1.00% | 1.20% | 32.82% | 32.56% |
| &nbsp;&nbsp;&nbsp;2024 | 3 | 12.90 | 12.15 | 40 | 1.37% | 1.00% | 1.20% | 14.41% | 14.18% |
| &nbsp;&nbsp;&nbsp;2023 | 3 | 11.28 | 10.64 | 35 | 0.66% | 1.00% | 1.20% | 10.48% | 10.26% |
| &nbsp;&nbsp;&nbsp;2022 | 8 | 15.36 | 9.65 | 100 | 0.00% | 0.25% | 1.20% | 14.05% | (54.56)% |
| &nbsp;&nbsp;&nbsp;2021 | 8 | 21.24 | 13.47 | 140 | 0.47% | 0.20% | 1.20% | 49.26% | (39.38)% |
| Putnam VT Focused International Equity Fund, Class IB | Putnam VT Focused International Equity Fund, Class IB | Putnam VT Focused International Equity Fund, Class IB | Putnam VT Focused International Equity Fund, Class IB | Putnam VT Focused International Equity Fund, Class IB | Putnam VT Focused International Equity Fund, Class IB | Putnam VT Focused International Equity Fund, Class IB | Putnam VT Focused International Equity Fund, Class IB | Putnam VT Focused International Equity Fund, Class IB | Putnam VT Focused International Equity Fund, Class IB |
| &nbsp;&nbsp;&nbsp;2025 | 25 | 21.85 | 19.77 | 502 | 3.40% | 0.25% | 1.20% | 36.10% | 34.81% |
| &nbsp;&nbsp;&nbsp;2024 | 35 | 16.05 | 14.66 | 512 | 1.63% | 0.25% | 1.20% | 3.04% | 2.06% |
| &nbsp;&nbsp;&nbsp;2023 | 52 | 15.58 | 14.37 | 755 | 0.76% | 0.25% | 1.20% | 11.98% | 17.83% |
| &nbsp;&nbsp;&nbsp;2022 | 82 | 13.23 | 13.02 | 1005 | 1.82% | 1.00% | 1.20% | (12.26)% | (25.43)% |
| &nbsp;&nbsp;&nbsp;2021 | 99 | 17.46 | 15.08 | 1502 | 0.76% | 0.20% | 1.20% | 20.58% | (2.96)% |
| Putnam VT Global Asset Allocation Fund, Class IB | Putnam VT Global Asset Allocation Fund, Class IB | Putnam VT Global Asset Allocation Fund, Class IB | Putnam VT Global Asset Allocation Fund, Class IB | Putnam VT Global Asset Allocation Fund, Class IB | Putnam VT Global Asset Allocation Fund, Class IB | Putnam VT Global Asset Allocation Fund, Class IB | Putnam VT Global Asset Allocation Fund, Class IB | Putnam VT Global Asset Allocation Fund, Class IB | Putnam VT Global Asset Allocation Fund, Class IB |
| &nbsp;&nbsp;&nbsp;2025 | 61 | 20.68 | 19.72 | 1172 | 2.23% | 0.20% | 1.20% | 14.15% | 13.02% |
| &nbsp;&nbsp;&nbsp;2024 | 68 | 18.11 | 17.45 | 1158 | 2.08% | 0.20% | 1.20% | 16.12% | 14.96% |
| &nbsp;&nbsp;&nbsp;2023 | 82 | 15.60 | 15.18 | 1208 | 1.93% | 0.20% | 1.20% | 17.25% | 16.09% |
| &nbsp;&nbsp;&nbsp;2022 | 183 | 13.30 | 13.08 | 2311 | 1.40% | 0.20% | 1.20% | (12.48)% | (19.39)% |
| &nbsp;&nbsp;&nbsp;2021 | 275 | 16.22 | 15.20 | 4195 | 0.69% | 0.20% | 1.20% | 15.86% | 8.88% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Putnam VT Income Fund, Class IB | Putnam VT Income Fund, Class IB | Putnam VT Income Fund, Class IB | Putnam VT Income Fund, Class IB | Putnam VT Income Fund, Class IB | Putnam VT Income Fund, Class IB | Putnam VT Income Fund, Class IB | Putnam VT Income Fund, Class IB | Putnam VT Income Fund, Class IB | Putnam VT Income Fund, Class IB |
| &nbsp;&nbsp;&nbsp;2025 | 128 | $11.62 | $10.42 | $1452 | 4.77% | 0.20% | 1.20% | 7.04% | 5.97% |
| &nbsp;&nbsp;&nbsp;2024 | 138 | 10.85 | 9.83 | 1448 | 6.56% | 0.20% | 1.20% | 2.12% | 1.09% |
| &nbsp;&nbsp;&nbsp;2023 | 223 | 10.63 | 9.72 | 2259 | 5.82% | 0.20% | 1.20% | 4.49% | 3.45% |
| &nbsp;&nbsp;&nbsp;2022 | 267 | 10.17 | 9.40 | 2578 | 5.59% | 0.20% | 1.20% | (7.87)% | (20.48)% |
| &nbsp;&nbsp;&nbsp;2021 | 288 | 11.82 | 11.04 | 3262 | 1.50% | 0.20% | 1.20% | 0.94% | (11.11)% |
| Putnam VT International Equity Fund, Class IB | Putnam VT International Equity Fund, Class IB | Putnam VT International Equity Fund, Class IB | Putnam VT International Equity Fund, Class IB | Putnam VT International Equity Fund, Class IB | Putnam VT International Equity Fund, Class IB | Putnam VT International Equity Fund, Class IB | Putnam VT International Equity Fund, Class IB | Putnam VT International Equity Fund, Class IB | Putnam VT International Equity Fund, Class IB |
| &nbsp;&nbsp;&nbsp;2025 | 27 | 21.98 | 17.47 | 509 | 0.01% | 0.20% | 1.20% | 37.41% | 36.04% |
| &nbsp;&nbsp;&nbsp;2024 | 20 | 16.00 | 12.84 | 277 | 2.21% | 0.20% | 1.20% | 2.77% | 1.74% |
| &nbsp;&nbsp;&nbsp;2023 | 24 | 15.57 | 12.62 | 315 | 0.04% | 0.20% | 1.20% | 18.27% | 17.10% |
| &nbsp;&nbsp;&nbsp;2022 | 53 | 13.16 | 10.78 | 577 | 1.64% | 0.20% | 1.20% | 2.92% | (30.38)% |
| &nbsp;&nbsp;&nbsp;2021 | 80 | 15.48 | 12.79 | 1046 | 0.72% | 0.20% | 1.20% | 30.08% | (10.25)% |
| Putnam VT International Value Fund, Class IB | Putnam VT International Value Fund, Class IB | Putnam VT International Value Fund, Class IB | Putnam VT International Value Fund, Class IB | Putnam VT International Value Fund, Class IB | Putnam VT International Value Fund, Class IB | Putnam VT International Value Fund, Class IB | Putnam VT International Value Fund, Class IB | Putnam VT International Value Fund, Class IB | Putnam VT International Value Fund, Class IB |
| &nbsp;&nbsp;&nbsp;2025 | 15 | 22.71 | 20.59 | 326 | 1.09% | 0.20% | 1.20% | 3.71% | 33.07% |
| &nbsp;&nbsp;&nbsp;2024 | 7 | 17.08 | 15.47 | 106 | 3.20% | 0.25% | 1.20% | 6.72% | 3.95% |
| &nbsp;&nbsp;&nbsp;2023 | 13 | 16.01 | 14.88 | 195 | 2.58% | 0.25% | 1.20% | 18.38% | 17.27% |
| &nbsp;&nbsp;&nbsp;2022 | 18 | 13.52 | 12.69 | 233 | 2.30% | 0.25% | 1.20% | (1.87)% | (13.14)% |
| &nbsp;&nbsp;&nbsp;2021 | 27 | 14.61 | 13.78 | 381 | 1.61% | 0.20% | 1.20% | 20.45% | 8.59% |
| Putnam VT Large Cap Growth Fund, Class IB | Putnam VT Large Cap Growth Fund, Class IB | Putnam VT Large Cap Growth Fund, Class IB | Putnam VT Large Cap Growth Fund, Class IB | Putnam VT Large Cap Growth Fund, Class IB | Putnam VT Large Cap Growth Fund, Class IB | Putnam VT Large Cap Growth Fund, Class IB | Putnam VT Large Cap Growth Fund, Class IB | Putnam VT Large Cap Growth Fund, Class IB | Putnam VT Large Cap Growth Fund, Class IB |
| &nbsp;&nbsp;&nbsp;2025 | 175 | 46.90 | 43.09 | 7918 | 0.00% | 0.20% | 1.20% | 14.11% | 12.97% |
| &nbsp;&nbsp;&nbsp;2024 | 223 | 41.10 | 38.14 | 8827 | 0.00% | 0.20% | 1.20% | 33.14% | 31.81% |
| &nbsp;&nbsp;&nbsp;2023 | 252 | 30.87 | 30.24 | 7522 | 0.00% | 0.20% | 1.20% | 44.19% | 42.76% |
| &nbsp;&nbsp;&nbsp;2022 | 290 | 21.41 | 21.18 | 6003 | 0.00% | 0.20% | 1.20% | (27.47)% | (33.45)% |
| &nbsp;&nbsp;&nbsp;2021 | 353 | 31.83 | 29.52 | 10670 | 0.00% | 0.20% | 1.20% | 25.07% | 17.05% |
| Putnam VT Large Cap Value Fund, Class IB | Putnam VT Large Cap Value Fund, Class IB | Putnam VT Large Cap Value Fund, Class IB | Putnam VT Large Cap Value Fund, Class IB | Putnam VT Large Cap Value Fund, Class IB | Putnam VT Large Cap Value Fund, Class IB | Putnam VT Large Cap Value Fund, Class IB | Putnam VT Large Cap Value Fund, Class IB | Putnam VT Large Cap Value Fund, Class IB | Putnam VT Large Cap Value Fund, Class IB |
| &nbsp;&nbsp;&nbsp;2025 | 41 | 28.75 | 26.47 | 1093 | 1.39% | 0.25% | 1.20% | 20.05% | 18.91% |
| &nbsp;&nbsp;&nbsp;2024 | 41 | 23.95 | 22.26 | 928 | 1.14% | 0.25% | 1.20% | 18.84% | 17.71% |
| &nbsp;&nbsp;&nbsp;2023 | 47 | 20.15 | 18.91 | 900 | 2.19% | 0.25% | 1.20% | 15.38% | 14.29% |
| &nbsp;&nbsp;&nbsp;2022 | 75 | 17.46 | 16.55 | 1249 | 1.46% | 0.25% | 1.20% | 1.01% | (8.68)% |
| &nbsp;&nbsp;&nbsp;2021 | 76 | 18.12 | 17.29 | 1328 | 1.18% | 0.20% | 1.20% | 31.88% | 21.50% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Putnam VT Mortgage Securities Fund, Class IB | Putnam VT Mortgage Securities Fund, Class IB | Putnam VT Mortgage Securities Fund, Class IB | Putnam VT Mortgage Securities Fund, Class IB | Putnam VT Mortgage Securities Fund, Class IB | Putnam VT Mortgage Securities Fund, Class IB | Putnam VT Mortgage Securities Fund, Class IB | Putnam VT Mortgage Securities Fund, Class IB | Putnam VT Mortgage Securities Fund, Class IB | Putnam VT Mortgage Securities Fund, Class IB |
| &nbsp;&nbsp;&nbsp;2025 | 12 | $11.51 | $10.28 | $138 | 8.41% | 0.20% | 1.20% | 8.87% | 7.79% |
| &nbsp;&nbsp;&nbsp;2024 | 10 | 10.57 | 9.53 | 109 | 6.58% | 0.20% | 1.20% | 4.55% | 3.50% |
| &nbsp;&nbsp;&nbsp;2023 | 10 | 10.11 | 9.21 | 106 | 16.58% | 0.20% | 1.20% | 5.06% | 4.02% |
| &nbsp;&nbsp;&nbsp;2022 | 15 | 9.63 | 8.85 | 143 | 11.56% | 0.20% | 1.20% | (3.44)% | (20.44)% |
| &nbsp;&nbsp;&nbsp;2021 | 26 | 11.13 | 9.97 | 269 | 0.00% | 0.20% | 1.20% | 4.12% | (10.74)% |
| Putnam VT Research Fund, Class IB | Putnam VT Research Fund, Class IB | Putnam VT Research Fund, Class IB | Putnam VT Research Fund, Class IB | Putnam VT Research Fund, Class IB | Putnam VT Research Fund, Class IB | Putnam VT Research Fund, Class IB | Putnam VT Research Fund, Class IB | Putnam VT Research Fund, Class IB | Putnam VT Research Fund, Class IB |
| &nbsp;&nbsp;&nbsp;2025 | 6 | 35.38 | 33.70 | 190 | 0.71% | 0.20% | 1.20% | 14.59% | 16.47% |
| &nbsp;&nbsp;&nbsp;2024 | 19 | 30.88 | 28.93 | 555 | 0.39% | 0.20% | 1.20% | 26.02% | 24.76% |
| &nbsp;&nbsp;&nbsp;2023 | 24 | 24.50 | 23.19 | 567 | 0.84% | 0.20% | 1.20% | 28.60% | 27.33% |
| &nbsp;&nbsp;&nbsp;2022 | 29 | 19.05 | 18.21 | 536 | 0.57% | 0.20% | 1.20% | (14.53)% | (24.04)% |
| &nbsp;&nbsp;&nbsp;2021 | 33 | 23.98 | 22.29 | 750 | 0.09% | 0.20% | 1.20% | 26.61% | 19.65% |
| Putnam VT Small Cap Growth Fund, Class IB | Putnam VT Small Cap Growth Fund, Class IB | Putnam VT Small Cap Growth Fund, Class IB | Putnam VT Small Cap Growth Fund, Class IB | Putnam VT Small Cap Growth Fund, Class IB | Putnam VT Small Cap Growth Fund, Class IB | Putnam VT Small Cap Growth Fund, Class IB | Putnam VT Small Cap Growth Fund, Class IB | Putnam VT Small Cap Growth Fund, Class IB | Putnam VT Small Cap Growth Fund, Class IB |
| &nbsp;&nbsp;&nbsp;2025 | 6 | 42.17 | 24.06 | 170 | 0.44% | 0.25% | 1.20% | 8.53% | 7.51% |
| &nbsp;&nbsp;&nbsp;2024 | 12 | 38.85 | 22.38 | 290 | 0.00% | 0.25% | 1.20% | 23.02% | 21.85% |
| &nbsp;&nbsp;&nbsp;2023 | 17 | 31.58 | 18.37 | 326 | 0.00% | 0.25% | 1.20% | 22.84% | 21.68% |
| &nbsp;&nbsp;&nbsp;2022 | 26 | 15.30 | 15.10 | 413 | 0.00% | 0.20% | 1.20% | (27.74)% | (58.01)% |
| &nbsp;&nbsp;&nbsp;2021 | 28 | 35.95 | 21.17 | 614 | 0.00% | 0.20% | 1.20% | 89.81% | 12.55% |
| Putnam VT Small Cap Value Fund, Class IB | Putnam VT Small Cap Value Fund, Class IB | Putnam VT Small Cap Value Fund, Class IB | Putnam VT Small Cap Value Fund, Class IB | Putnam VT Small Cap Value Fund, Class IB | Putnam VT Small Cap Value Fund, Class IB | Putnam VT Small Cap Value Fund, Class IB | Putnam VT Small Cap Value Fund, Class IB | Putnam VT Small Cap Value Fund, Class IB | Putnam VT Small Cap Value Fund, Class IB |
| &nbsp;&nbsp;&nbsp;2025 | 21 | 18.46 | 19.41 | 401 | 0.67% | 0.20% | 1.20% | 5.06% | 4.02% |
| &nbsp;&nbsp;&nbsp;2024 | 31 | 17.57 | 18.66 | 566 | 0.96% | 0.20% | 1.20% | 5.98% | 4.92% |
| &nbsp;&nbsp;&nbsp;2023 | 38 | 16.57 | 17.79 | 667 | 0.18% | 0.20% | 1.20% | 23.51% | 22.28% |
| &nbsp;&nbsp;&nbsp;2022 | 72 | 13.42 | 14.55 | 1033 | 0.17% | 0.20% | 1.20% | (12.29)% | (20.52)% |
| &nbsp;&nbsp;&nbsp;2021 | 113 | 18.30 | 15.30 | 1846 | 0.63% | 0.20% | 1.20% | 49.51% | 38.21% |
| T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;2025 | 755 | 40.38 | 36.40 | 29792 | 0.00% | 0.20% | 1.20% | 18.20% | 17.02% |
| &nbsp;&nbsp;&nbsp;2024 | 930 | 34.16 | 36.47 | 31020 | 0.00% | 0.20% | 1.20% | 34.90% | 33.55% |
| &nbsp;&nbsp;&nbsp;2023 | 1311 | 25.33 | 28.67 | 32348 | 0.00% | 0.20% | 1.20% | 48.66% | 47.19% |
| &nbsp;&nbsp;&nbsp;2022 | 1786 | 17.04 | 19.48 | 29645 | 0.00% | 0.20% | 1.20% | (34.75)% | (43.64)% |
| &nbsp;&nbsp;&nbsp;2021 | 2178 | 34.56 | 26.11 | 59314 | 0.00% | 0.20% | 1.20% | 24.68% | 9.84% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Unit Fair Value <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Net Assets (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios<sup>(b)</sup> | Expense Ratios<sup>(b)</sup> | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios | Total Return <sup>(c)</sup> <br> Corresponding to the <br> Lowest and Highest <br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;2025 | 197 | $25.34 | $22.19 | $4901 | 0.00% | 0.20% | 1.20% | 17.57% | 16.40% |
| &nbsp;&nbsp;&nbsp;2024 | 282 | 21.56 | 19.06 | 5940 | 0.00% | 0.20% | 1.20% | 1.21% | 0.20% |
| &nbsp;&nbsp;&nbsp;2023 | 442 | 21.30 | 19.02 | 9033 | 0.00% | 0.20% | 1.20% | 2.48% | 1.46% |
| &nbsp;&nbsp;&nbsp;2022 | 676 | 20.78 | 26.77 | 13303 | 0.00% | 0.20% | 1.20% | (4.36)% | (54.45)% |
| &nbsp;&nbsp;&nbsp;2021 | 755 | 58.77 | 21.73 | 17122 | 0.00% | 0.20% | 1.20% | 111.17% | 2.60% |
| VanEck VIP Emerging Markets Fund, Initial Class | VanEck VIP Emerging Markets Fund, Initial Class | VanEck VIP Emerging Markets Fund, Initial Class | VanEck VIP Emerging Markets Fund, Initial Class | VanEck VIP Emerging Markets Fund, Initial Class | VanEck VIP Emerging Markets Fund, Initial Class | VanEck VIP Emerging Markets Fund, Initial Class | VanEck VIP Emerging Markets Fund, Initial Class | VanEck VIP Emerging Markets Fund, Initial Class | VanEck VIP Emerging Markets Fund, Initial Class |
| &nbsp;&nbsp;&nbsp;2025 | 2 | 39.32 | 39.32 | 86 | 0.73% | 1.40% | 1.40% | 28.12% | 28.12% |
| &nbsp;&nbsp;&nbsp;2024 | 1 | 30.69 | 30.69 | 44 | 1.91% | 1.40% | 1.40% | (0.21)% | (0.21)% |
| &nbsp;&nbsp;&nbsp;2023 | 3 | 30.75 | 30.75 | 79 | 3.90% | 1.40% | 1.40% | 8.25% | 8.25% |
| &nbsp;&nbsp;&nbsp;2022 | 1 | 28.41 | 28.41 | 30 | 0.28% | 1.40% | 1.40% | (22.47)% | (28.30)% |
| &nbsp;&nbsp;&nbsp;2021 | 1 | 39.62 | 36.64 | 46 | 0.93% | 1.25% | 1.55% | (9.61)% | (16.40)% |
| VanEck VIP Global Resources Fund, Class S | VanEck VIP Global Resources Fund, Class S | VanEck VIP Global Resources Fund, Class S | VanEck VIP Global Resources Fund, Class S | VanEck VIP Global Resources Fund, Class S | VanEck VIP Global Resources Fund, Class S | VanEck VIP Global Resources Fund, Class S | VanEck VIP Global Resources Fund, Class S | VanEck VIP Global Resources Fund, Class S | VanEck VIP Global Resources Fund, Class S |
| &nbsp;&nbsp;&nbsp;2025 | 26 | 14.87 | 13.72 | 362 | 2.08% | 0.20% | 1.20% | 35.90% | 34.55% |
| &nbsp;&nbsp;&nbsp;2024 | 38 | 10.94 | 10.20 | 387 | 1.96% | 0.20% | 1.20% | (3.28)% | 4.72% |
| &nbsp;&nbsp;&nbsp;2023 | 100 | 11.32 | 10.65 | 1092 | 2.53% | 0.20% | 1.20% | (4.03)% | (4.98)% |
| &nbsp;&nbsp;&nbsp;2022 | 130 | 11.79 | 11.21 | 1468 | 1.52% | 0.20% | 1.20% | 57.43% | 2.54% |
| &nbsp;&nbsp;&nbsp;2021 | 100 | 10.93 | 7.49 | 1011 | 0.32% | 0.20% | 1.20% | 22.12% | (18.85)% |
| VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class |
| &nbsp;&nbsp;&nbsp;2025 | 2 | 53.02 | 53.02 | 91 | 0.78% | 1.40% | 1.40% | 34.59% | 34.59% |
| &nbsp;&nbsp;&nbsp;2024 | 2 | 39.40 | 39.40 | 60 | 2.81% | 1.40% | 1.40% | (4.19)% | (4.19)% |
| &nbsp;&nbsp;&nbsp;2023 | 5 | 41.12 | 41.12 | 205 | 2.66% | 1.40% | 1.40% | (4.92)% | (4.92)% |
| &nbsp;&nbsp;&nbsp;2022 | 7 | 45.47 | 43.25 | 294 | 2.07% | 1.25% | 1.40% | 17.95% | 1.81% |
| &nbsp;&nbsp;&nbsp;2021 | 3 | 42.48 | 38.55 | 132 | 0.46% | 1.25% | 1.55% | 23.13% | 11.74% |

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\* The Subaccount has units and/or dollars that round to less than one thousand.

<sup>(a)</sup> These ratios represent the dividends received by the Subaccount, excluding distributions of capital gains, divided by the daily average net assets. These ratios exclude expenses, such as mortality and expense risk fees, 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 mutual fund in which the Subaccounts invest.

<sup>(b)</sup> These ratios represent the annualized Contract expenses of the respective Subaccounts of the Separate Account, consisting primarily of mortality and expense risk fees and excluding investment advisory expenses, for each period indicated. These 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 mutual fund are excluded.

<sup>(c)</sup> These amounts represent the total return for the periods indicated, include changes in the value of the underlying mutual fund, and reflect deductions for all items included in the expense ratio. These amounts are not annualized and represent each Subaccount's total return for the periods during which the Subaccount held investment balances. The total return does not include any expenses addressed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented.

7. SUBSEQUENT
 EVENTS

The Separate Account has evaluated the effects of events subsequent to December 31, 2025, and through April 16, 2026, the date at which the financial statements were available to be issued. All accounting and disclosure requirements related to subsequent events are included in our financial statements.