# EDGAR Filing Document

**Accession Number:** 0000804286
**File Stem:** 0001193125-26-181616
**Filing Date:** 2026-4
**Character Count:** 307087
**Document Hash:** 4dc8986c184808d2e1449e066fbaee03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-181616.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001193125-26-181616

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**EFFECTIVENESS DATE**: 20260427

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Genworth Life & Annuity VL Separate Account 1
- **CENTRAL INDEX KEY:** 0000804286

**ORGANIZATION NAME:**
- **EIN:** 540283385
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04885
- **FILM NUMBER:** 26899929

**BUSINESS ADDRESS:**
- **STREET 1:** 6610 WEST BROAD STREET
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23230
- **BUSINESS PHONE:** 804-281-6000

**MAIL ADDRESS:**
- **STREET 1:** 6610 WEST BROAD STREET
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23230

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GE LIFE & ANNUITY ASSURANCE CO II
- **DATE OF NAME CHANGE:** 19981231

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LIFE OF VIRGINIA SEPARATE ACCOUNT II
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Genworth Life & Annuity VL Separate Account 1 (Series ID: S000009722)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000026697 | Commonwealth II                          |  |
| C000026698 | Commonwealth 3                           |  |
| C000026699 | Commonwealth Variable Universal Life     |  |
| C000026700 | RetireReady(SM) Protection Plus VUL      |  |
| C000026701 | Commonwealth 4                           |  |
| C000026702 | RetireReady(SM) Accumulator VUL          |  |
| C000026703 | Estate Optimizer                         |  |
| C000026704 | Commonwealth Variable Life Flex          |  |
| C000026705 | RetireReady(SM) Legacy Single Premium VL |  |

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

**Financial Statements** 

**Year ended December 31, 2025** 

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

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

**Table of Contents**

Year ended December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Page** | **Page** |
|  [Report of Independent Registered Public Accounting Firm](#fintoc113215_1) |  | F-1 |
|  [Statements of Assets and Liabilities](#fintoc113215_2) |  | F-6 |
|  [Statements of Operations](#fintoc113215_3) |  | F-16 |
|  [Statements of Changes in Net Assets](#fintoc113215_4) |  | F-26 |
|  [Notes to Financial Statements](#fintoc113215_5) |  | F-52 |

---

------

##### [**Table of Contents**](#toc)
**Report of Independent Registered Public Accounting Firm** 

To the Board of Directors of

Genworth Life and Annuity Insurance Company

and

Contract Owners of

Genworth Life & Annuity VL Separate Account 1:

*Opinion on the Financial Statements* 

We have audited the accompanying statements of assets and liabilities of the subaccounts listed in the Appendix that comprise Genworth Life & Annuity VL Separate Account 1 (the Subaccounts), 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 Subaccounts as of December 31, 2025, the results of their operations for the year or period listed in the Appendix, and the changes in their 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 Subaccounts' 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 Subaccounts 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 transfer agent of the underlying investments. 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

We have served as the auditor of one or more Genworth Life and Annuity Insurance Company separate account investment companies since 1997.

Richmond, Virginia

April 23, 2026

------

##### [**Table of Contents**](#toc)
**Appendix** 

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

AB Variable Products Series Fund, Inc.

AB VPS International Value Portfolio — Class B

AB VPS Large Cap Growth Portfolio — Class B

AB VPS Relative Value Portfolio — Class B

AB VPS Small Cap Growth Portfolio — Class B

AB VPS Sustainable Global Thematic Portfolio — Class B

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

Invesco V.I. American Franchise Fund — Series I shares

Invesco V.I. American Franchise Fund — Series II shares

Invesco V.I. American Value Fund — Series II shares

Invesco V.I. Comstock Fund — Series II shares

Invesco V.I. Core Equity Fund — Series I shares

Invesco V.I. Core Plus Bond Fund — Series I shares

Invesco V.I. Discovery Large Cap Fund — Series I shares (1)

Invesco V.I. Discovery Large Cap Fund — Series II Shares (1)

Invesco V.I. Discovery Mid Cap Growth Fund — Series I shares

Invesco V.I. Discovery Mid Cap Growth Fund — Series II shares

Invesco V.I. EQV International Equity Fund — Series II shares

Invesco V.I. Global Fund — Series II shares

Invesco V.I. Global Strategic Income Fund — Series I shares

Invesco V.I. Main Street Fund<sup>®</sup> — Series II shares

Invesco V.I. Main Street Small Cap Fund<sup>®</sup> — Series II shares

Allspring Variable Trust

Allspring VT Discovery All Cap Growth Fund — Class 2

BNY Mellon

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

BlackRock Variable Series Funds, Inc.

BlackRock Advantage SMID Cap V.I. Fund — Class III Shares

BlackRock Basic Value V.I. Fund — Class III Shares

BlackRock Global Allocation V.I. Fund — Class III Shares

BlackRock Large Cap Focus Growth V.I. Fund — Class III Shares

Columbia Funds Variable Series Trust II

CTIVP<sup>®</sup> — Principal Large Cap Growth Fund — Class 1 (1)

Columbia Variable Portfolio — Overseas Core Fund — Class 2

Eaton Vance Variable Trust

VT Floating — Rate Income Fund

Federated Hermes Insurance Series

Federated Hermes High Income Bond Fund II — Primary Shares

Federated Hermes High Income Bond Fund II — Service Shares

Federated Hermes Kaufmann Fund II — Service Shares

Federated Hermes Managed Volatility Fund II — Primary Shares

Fidelity<sup>®</sup> Variable Insurance Products Fund

VIP Asset Manager 50% Portfolio — Initial Class (1)

VIP Asset Manager 50% Portfolio — Service Class 2 (1)

VIP Balanced Portfolio — Service Class 2

VIP Contrafund<sup>®</sup> Portfolio — Initial Class

VIP Contrafund<sup>®</sup> Portfolio — Service Class 2

VIP Dynamic Capital Appreciation Portfolio — Service Class 2

VIP Equity-Income Portfolio<sup>SM</sup> — Initial Class

VIP Equity-Income Portfolio<sup>SM</sup> — Service Class 2

------

##### [**Table of Contents**](#toc)
VIP Growth & Income Portfolio — Initial Class

VIP Growth & Income Portfolio — Service Class 2

VIP Growth Opportunities Portfolio — Initial Class

VIP Growth Portfolio — Initial Class

VIP Growth Portfolio — Service Class 2

VIP Mid Cap Portfolio — Service Class 2

VIP Overseas Portfolio — Initial Class

VIP Value Strategies Portfolio — Service Class 2

Franklin Templeton Variable Insurance Products Trust

Franklin Income VIP Fund — Class 2 Shares

Franklin Mutual Shares VIP Fund — Class 2 Shares

Templeton Foreign VIP Fund — Class 1 Shares

Templeton Global Bond VIP Fund — Class 1 Shares

Templeton Growth VIP Fund — Class 2 Shares

Goldman Sachs Variable Insurance Trust

Goldman Sachs Government Money Market Fund — Service Shares

Goldman Sachs Large Cap Value Fund — Institutional Shares

Goldman Sachs Mid Cap Value Fund — Institutional Shares

Janus Aspen Series

Janus Henderson Balanced Portfolio — Institutional Shares

Janus Henderson Balanced Portfolio — Service Shares

Janus Henderson Enterprise Portfolio — Institutional Shares

Janus Henderson Enterprise Portfolio — Service Shares

Janus Henderson Flexible Bond Portfolio — Institutional Shares

Janus Henderson Forty Portfolio — Institutional Shares

Janus Henderson Forty Portfolio — Service Shares

Janus Henderson Global Research Portfolio — Institutional Shares

Janus Henderson Global Research Portfolio — Service Shares

Janus Henderson Global Technology and Innovation Portfolio — Service Shares

Janus Henderson Overseas Portfolio — Institutional Shares

Janus Henderson Overseas Portfolio — Service Shares

Janus Henderson Research Portfolio — Institutional Shares

Janus Henderson Research Portfolio — Service Shares

Legg Mason Partners Variable Equity Trust

ClearBridge Variable Dividend Strategy Portfolio — Class I

ClearBridge Variable Dividend Strategy Portfolio — Class II

ClearBridge Variable Growth Portfolio — Class II (1)

ClearBridge Variable Large Cap Value Portfolio — Class I

Lincoln Variable Insurance Products Trust

LVIP American Century Inflation Protection Fund — Service Class (1)

MFS<sup>®</sup> Variable Insurance Trust

MFS<sup>®</sup> Investors Trust Series — Service Class Shares

MFS<sup>®</sup> New Discovery Series — Service Class Shares

MFS<sup>®</sup> Total Return Series — Service Class Shares

MFS<sup>®</sup> Utilities Series — Service Class Shares

MFS<sup>®</sup> Variable Insurance Trust II

MFS<sup>®</sup> Massachusetts Investors Growth Stock Portfolio — Service Class Shares

PIMCO Variable Insurance Trust

All Asset Portfolio — Advisor Class Shares

High Yield Portfolio — Administrative Class Shares

International Bond Portfolio (U.S. Dollar Hedged) — Administrative Class Shares

Long-Term U.S. Government Portfolio — Administrative Class Shares

Low Duration Portfolio — Administrative Class Shares

Total Return Portfolio — Administrative Class Shares

------

##### [**Table of Contents**](#toc)
Rydex Variable Trust

NASDAQ — 100<sup>®</sup> Fund

State Street Variable Insurance Series Funds, Inc.

Income V.I.S. Fund — Class 1 Shares

Premier Growth Equity V.I.S. Fund — Class 1 Shares

Real Estate Securities V.I.S. Fund — Class 1 Shares

S&P 500<sup>®</sup> Index V.I.S. Fund — Class 1 Shares

Small-Cap Equity V.I.S. Fund — Class 1 Shares

Total Return V.I.S. Fund — Class 1 Shares

Total Return V.I.S. Fund — Class 3 Shares

U.S. Equity V.I.S. Fund — Class 1 Shares

The Alger Portfolios

Alger Large Cap Growth Portfolio — Class I-2 Shares

Alger Small Cap Growth Portfolio — Class I-2 Shares

The Prudential Series Fund

PSF PGIM Jennison Blend Portfolio — Class II Shares

PSF PGIM Jennison Growth Portfolio — Class II Shares

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

The Prudential Series Fund

PSF Natural Resources Portfolio — Class II Shares

Statements of assets and liabilities as of December 31, 2025, the related statements of operations for the year ended December 31, 2025, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from April 26, 2024 (inception) to December 31, 2024.

AIM Variable Insurance Funds (Invesco Variable Insurance Funds)

Invesco V.I. Equity and Income Fund — Series I shares

Invesco V.I. Equity and Income Fund — Series II shares

(1) See Note 1 to the financial statements for the former name of the subaccount.

------

##### [**Table of Contents**](#toc)
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------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Assets and Liabilities

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **AB Variable Products Series Fund, Inc.** | **AB Variable Products Series Fund, Inc.** | **AB Variable Products Series Fund, Inc.** | **AB Variable Products Series Fund, Inc.** | **AB Variable Products Series Fund, Inc.** |
| | **AB VPS**<br> **International<br>Value**<br> **Portfolio —**<br> **Class B** | **AB VPS**<br> **Large Cap<br>Growth**<br> **Portfolio —**<br> **Class B** | **AB VPS**<br> **Relative**<br> **Value**<br> **Portfolio —**<br> **Class B** | **AB VPS**<br> **Small Cap**<br> **Growth<br>Portfolio —**<br> **Class B** | **AB VPS<br>Sustainable**<br> **Global**<br> **Thematic<br>Portfolio —**<br> **Class B** |
| **Assets:** |  |  |  |  |  |
| Investments at fair value (note 2b) | $1033604 | $1367277 | $5657996 | $328868 | $319665 |
| Dividend receivable |  |  |  |  |  |
| Receivable for units sold |  |  |  |  |  |
| **Total assets** | **1033604** | **1367277** | **5657996** | **328868** | **319665** |
| **Liabilities:** |  |  |  |  |  |
| Accrued expenses payable to affiliate (note 4b) | 10 | 18 | 41 | 5 | 4 |
| Payable for units withdrawn |  |  | 1 |  |  |
| **Total liabilities** | **10** | **18** | **42** | **5** | **4** |
| **Net assets** | **$1033594** | **$1367259** | **$5657954** | **$328863** | **$319661** |
| Investments in securities at cost | $764507 | $1025947 | $5234429 | $420416 | $279795 |
| Shares outstanding | 49645 | 16781 | 183403 | 33354 | 10564 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** |
| | **Invesco**<br> **V.I.**<br> **Discovery<br>Large Cap<br>Fund —**<br> **Series II Shares** | **Invesco**<br> **V.I.**<br> **Discovery<br>Mid Cap**<br> **Growth**<br> **Fund —**<br> **Series I shares** | **Invesco**<br> **V.I.**<br> **Discovery**<br> **Mid Cap**<br> **Growth**<br> **Fund —**<br> **Series II shares** | **Invesco**<br> **V.I.**<br> **EQV<br>International<br>Equity**<br> **Fund —**<br> **Series II shares** | **Invesco**<br> **V.I.**<br> **Equity and<br>Income**<br> **Fund —**<br> **Series I shares** |
| **Assets:** |  |  |  |  |  |
| Investments at fair value (note 2b) | $843024 | $6013789 | $257987 | $819987 | $1565802 |
| Dividend receivable |  |  |  |  |  |
| Receivable for units sold |  | 64 |  |  |  |
| **Total assets** | **843024** | **6013853** | **257987** | **819987** | **1565802** |
| **Liabilities:** |  |  |  |  |  |
| Accrued expenses payable to affiliate (note 4b) | 7 | 149 | 2 | 5 | 44 |
| Payable for units withdrawn |  |  |  |  | 120 |
| **Total liabilities** | **7** | **149** | **2** | **5** | **164** |
| **Net assets** | **$843017** | **$6013704** | **$257985** | **$819982** | **$1565638** |
| Investments in securities at cost | $705152 | $5640400 | $269067 | $762644 | $1483027 |
| Shares outstanding | 14228 | 79960 | 4069 | 23170 | 85703 |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Assets and Liabilities — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** |
| **Invesco**<br> **V.I.**<br> **American<br>Franchise**<br> **Fund —**<br> **Series I shares** | **Invesco**<br> **V.I.**<br> **American<br>Franchise**<br> **Fund —**<br> **Series II shares** | **Invesco**<br> **V.I.**<br> **American**<br> **Value**<br> **Fund —**<br> **Series II shares** | **Invesco**<br> **V.I.**<br> **Comstock**<br> **Fund —**<br> **Series II shares** | **Invesco**<br> **V.I.**<br> **Core**<br> **Equity**<br> **Fund —**<br> **Series I shares** | **Invesco**<br> **V.I.**<br> **Core Plus**<br> **Bond**<br> **Fund —**<br> **Series I shares** | **Invesco**<br> **V.I.**<br> **Discovery**<br> **Large Cap**<br> **Fund —**<br> **Series I shares** |
| $1656659 | $383628 | $804826 | $880118 | $1508111 | $1304531 | $6973878 |
|  |  |  |  |  |  | 100 |
| **1656659** | **383628** | **804826** | **880118** | **1508111** | **1304531** | **6973978** |
| 25 | 3 | 5 | 6 | 15 | 31 | 166 |
|  |  |  |  |  | 2 |  |
| **25** | **3** | **5** | **6** | **15** | **33** | **166** |
| **$1656634** | **$383625** | **$804821** | **$880112** | **$1508096** | **$1304498** | **$6973812** |
| $1177919 | $281964 | $738879 | $718236 | $1260895 | $1300116 | $5473903 |
| 20453 | 5332 | 45317 | 41340 | 41857 | 222997 | 110259 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **Allspring<br>Variable Trust** | **BNY Mellon** |
| **Invesco**<br> **V.I.**<br> **Equity and<br>Income**<br> **Fund —**<br> **Series II shares** | **Invesco**<br> **V.I.**<br> **Global**<br> **Fund —**<br> **Series II shares** | **Invesco**<br> **V.I.**<br> **Global**<br> **Strategic**<br> **Income**<br> **Fund —**<br> **Series I shares** | **Invesco**<br> **V.I.**<br> **Main**<br> **Street**<br> **Fund<sup>®</sup> —**<br> **Series II shares** | **Invesco**<br> **V.I.**<br> **Main**<br> **Street**<br> **Small Cap<br>Fund<sup>®</sup> —**<br> **Series II shares** | **Allspring VT<br>Discovery**<br> **All Cap**<br> **Growth Fund —**<br> **Class 2** | **BNY Mellon<br>Sustainable**<br> **U.S. Equity<br>Portfolio,**<br> **Inc. —**<br> **Initial Shares** |
| $279748 | $3868116 | $811856 | $2304716 | $1143706 | $310632 | $145501 |
| **279748** | **3868116** | **811856** | **2304716** | **1143706** | **310632** | **145501** |
|  | 47 | 17 | 23 | 7 | 1 | 3 |
| 1 |  |  |  |  | 1 | 6 |
| **1** | **47** | **17** | **23** | **7** | **2** | **9** |
| **$279747** | **$3868069** | **$811839** | **$2304693** | **$1143699** | **$310630** | **$145492** |
| $265693 | $4021686 | $825544 | $2304118 | $1047700 | $358045 | $102064 |
| 15439 | 106560 | 177649 | 107446 | 41274 | 14891 | 2487 |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Assets and Liabilities — Continued

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **BlackRock Variable Series Funds, Inc.** | **BlackRock Variable Series Funds, Inc.** | **BlackRock Variable Series Funds, Inc.** | **BlackRock Variable Series Funds, Inc.** | **Columbia<br>Funds**<br>**Variable**<br>**Series**<br>**Trust II** |
| | **BlackRock<br>Advantage**<br> **SMID Cap**<br> **V.I.**<br> **Fund —**<br> **Class III Shares** | **BlackRock<br>Basic Value**<br> **V.I.**<br> **Fund —**<br> **Class III Shares** | **BlackRock<br>Global**<br> **Allocation**<br> **V.I.**<br> **Fund —**<br> **Class III Shares** | **BlackRock**<br> **Large Cap**<br> **Focus Growth**<br> **V.I.**<br> **Fund —**<br> **Class III Shares** | **CTIVP<sup>®</sup> —**<br> **Principal**<br> **Large Cap<br>Growth**<br> **Fund —**<br> **Class 1** |
| **Assets:** |  |  |  |  |  |
| Investments at fair value (note 2b) | $193609 | $289324 | $1491420 | $985929 | $1385723 |
| Dividend receivable |  |  |  |  |  |
| Receivable for units sold |  |  |  |  |  |
| **Total assets** | **193609** | **289324** | **1491420** | **985929** | **1385723** |
| **Liabilities:** |  |  |  |  |  |
| Accrued expenses payable to affiliate (note 4b) | 1 | 2 | 7 | 3 | 8 |
| Payable for units withdrawn | 1 |  |  |  |  |
| **Total liabilities** | **2** | **2** | **7** | **3** | **8** |
| **Net assets** | **$193607** | **$289322** | **$1491413** | **$985926** | **$1385715** |
| Investments in securities at cost | $254832 | $293864 | $1575638 | $817350 | $406302 |
| Shares outstanding | 18742 | 21149 | 111801 | 47196 | 16999 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** |
| | **VIP**<br> **Asset**<br> **Manager 50%<br>Portfolio —**<br> **Service Class 2** | **VIP**<br> **Balanced<br>Portfolio —**<br> **Service Class 2** | **VIP**<br> **Contrafund<sup>®</sup><br>Portfolio —**<br> **Initial Class** | **VIP**<br> **Contrafund<sup>®</sup><br>Portfolio —**<br> **Service Class 2** | **VIP**<br> **Dynamic**<br> **Capital<br>Appreciation<br>Portfolio —**<br> **Service Class 2** |
| **Assets:** |  |  |  |  |  |
| Investments at fair value (note 2b) | $148257 | $865939 | $24852751 | $8677976 | $397343 |
| Dividend receivable |  |  |  |  |  |
| Receivable for units sold |  |  | 14 |  |  |
| **Total assets** | **148257** | **865939** | **24852765** | **8677976** | **397343** |
| **Liabilities:** |  |  |  |  |  |
| Accrued expenses payable to affiliate (note 4b) | 2 | 5 | 676 | 95 | 7 |
| Payable for units withdrawn |  |  |  | 56 | 56 |
| **Total liabilities** | **2** | **5** | **676** | **151** | **63** |
| **Net assets** | **$148255** | **$865934** | **$24852089** | **$8677825** | **$397280** |
| Investments in securities at cost | $131168 | $651799 | $18087473 | $7673617 | $380943 |
| Shares outstanding | 8736 | 34025 | 414973 | 152620 | 21513 |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Assets and Liabilities — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Columbia<br>Funds**<br> **Variable**<br> **Series Trust II**<br> **(continued)** | **Eaton**<br> **Vance Variable<br>Trust** | **Federated Hermes Insurance Series** | **Federated Hermes Insurance Series** | **Federated Hermes Insurance Series** | **Federated Hermes Insurance Series** | **Fidelity<sup>®</sup><br>Variable<br>Insurance<br>Products Fund** |
| **Columbia<br>Variable**<br> **Portfolio —**<br> **Overseas**<br> **Core Fund —**<br> **Class 2** | **VT**<br> **Floating-Rate<br>Income**<br> **Fund** | **Federated**<br> **Hermes High<br>Income Bond<br>Fund II —**<br> **Primary Shares** | **Federated**<br> **Hermes High<br>Income Bond<br>Fund II —**<br> **Service Shares** | **Federated**<br> **Hermes<br>Kaufmann**<br> **Fund II —**<br> **Service Shares** | **Federated**<br> **Hermes Managed<br>Volatility**<br> **Fund II —**<br> **Primary Shares** | **VIP**<br> **Asset Manager<br>50% Portfolio —**<br> **Initial Class** |
| $633614 | $505039 | $424886 | $874794 | $936622 | $534491 | $4515860 |
|  | 2671 |  |  |  |  |  |
| **633614** | **507710** | **424886** | **874794** | **936622** | **534491** | **4515860** |
| 5 | 4 | 11 | 6 | 6 | 12 | 116 |
|  |  |  |  |  |  | 112 |
| **5** | **4** | **11** | **6** | **6** | **12** | **228** |
| **$633609** | **$507706** | **$424875** | **$874788** | **$936616** | **$534479** | **$4515632** |
| $487361 | $519188 | $429088 | $911979 | $907631 | $495682 | $3959676 |
| 35797 | 60339 | 73510 | 152138 | 54015 | 51393 | 256292 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **VIP**<br> **Equity-**<br> **Income<br>Portfolio<sup>SM</sup> —**<br> **Initial Class** | **VIP**<br> **Equity-**<br> **Income<br>Portfolio<sup>SM</sup> —**<br> **Service Class 2** | **VIP**<br> **Growth &**<br> **Income<br>Portfolio —**<br> **Initial Class** | **VIP**<br> **Growth &**<br> **Income<br>Portfolio —**<br> **Service Class 2** | **VIP**<br> **Growth<br>Opportunities<br>Portfolio —**<br> **Initial Class** | **VIP**<br> **Growth<br>Portfolio —**<br> **Initial Class** | **VIP**<br> **Growth<br>Portfolio —**<br> **Service Class 2** |
| $9959742 | $2673746 | $2643538 | $1714451 | $1805334 | $23644774 | $4466665 |
|  |  |  |  |  | 189 |  |
| **9959742** | **2673746** | **2643538** | **1714451** | **1805334** | **23644963** | **4466665** |
| 247 | 25 | 58 | 13 | 40 | 612 | 63 |
| 25829 |  |  |  |  |  |  |
| **26076** | **25** | **58** | **13** | **40** | **612** | **63** |
| **$9933666** | **$2673721** | **$2643480** | **$1714438** | **$1805294** | **$23644351** | **$4466602** |
| $8157234 | $2217073 | $2108677 | $1158995 | $1398163 | $19924287 | $3750770 |
| 338421 | 95050 | 79267 | 53593 | 18109 | 241965 | 48091 |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Assets and Liabilities — Continued

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Fidelity<sup>®</sup> Variable**<br>**Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable**<br>**Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable**<br>**Insurance Products Fund (continued)** | **Franklin Templeton Variable<br>Insurance Products Trust** | **Franklin Templeton Variable<br>Insurance Products Trust** |
| | **VIP**<br> **Mid Cap<br>Portfolio —**<br> **Service Class 2** | **VIP**<br> **Overseas<br>Portfolio —**<br> **Initial Class** | **VIP**<br> **Value**<br> **Strategies<br>Portfolio —**<br> **Service Class 2** | **Franklin**<br> **Income**<br> **VIP Fund —**<br> **Class 2 Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Franklin**<br> **Mutual**<br> **Shares**<br> **VIP Fund —**<br> **Class 2 Shares** |
| **Assets:** |  |  |  |  |  |
| Investments at fair value (note 2b) | $5228431 | $3361234 | $608604 | $915037 | $376888 |
| Dividend receivable |  |  |  |  |  |
| Receivable for units sold |  |  |  |  |  |
| **Total assets** | **5228431** | **3361234** | **608604** | **915037** | **376888** |
| **Liabilities:** |  |  |  |  |  |
| Accrued expenses payable to affiliate (note 4b) | 87 | 81 | 2 | 2 | 2 |
| Payable for units withdrawn |  |  |  |  |  |
| **Total liabilities** | **87** | **81** | **2** | **2** | **2** |
| **Net assets** | **$5228344** | **$3361153** | **$608602** | **$915035** | **$376886** |
| Investments in securities at cost | $5120947 | $3022733 | $560096 | $872939 | $380399 |
| Shares outstanding | 148662 | 122138 | 37638 | 60359 | 23409 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** |
| | **Janus**<br> **Henderson<br>Balanced<br>Portfolio —**<br> **Service Shares** | **Janus**<br> **Henderson<br>Enterprise<br>Portfolio —**<br> **Institutional<br>Shares** | **Janus**<br> **Henderson<br>Enterprise<br>Portfolio —**<br> **Service Shares** | **Janus**<br> **Henderson<br>Flexible**<br> **Bond Portfolio —**<br> **Institutional<br>Shares** | **Janus**<br> **Henderson**<br> **Forty**<br> **Portfolio —**<br> **Institutional<br>Shares** |
| **Assets:** |  |  |  |  |  |
| Investments at fair value (note 2b) | $3352185 | $10375045 | $1347286 | $1604202 | $8203970 |
| Dividend receivable |  |  |  |  |  |
| Receivable for units sold |  | 34 |  |  | 11 |
| **Total assets** | **3352185** | **10375079** | **1347286** | **1604202** | **8203981** |
| **Liabilities:** |  |  |  |  |  |
| Accrued expenses payable to affiliate (note 4b) | 47 | 233 | 16 | 41 | 201 |
| Payable for units withdrawn | 4 |  |  |  |  |
| **Total liabilities** | **51** | **233** | **16** | **41** | **201** |
| **Net assets** | **$3352134** | **$10374846** | **$1347270** | **$1604161** | **$8203780** |
| Investments in securities at cost | $2575369 | $8458477 | $1109434 | $1724038 | $6407520 |
| Shares outstanding | 56358 | 124133 | 18368 | 161551 | 138067 |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Assets and Liabilities — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Franklin Templeton Variable**<br> **Insurance Products Trust (continued)** | **Franklin Templeton Variable**<br> **Insurance Products Trust (continued)** | **Franklin Templeton Variable**<br> **Insurance Products Trust (continued)** | **Goldman Sachs Variable**<br> **Insurance Trust** | **Goldman Sachs Variable**<br> **Insurance Trust** | **Goldman Sachs Variable**<br> **Insurance Trust** | **Janus Aspen**<br> **Series** |
| **Templeton<br>Foreign**<br> **VIP Fund —**<br> **Class 1 Shares** | **Templeton**<br> **Global**<br> **Bond**<br> **VIP Fund —**<br> **Class 1 Shares** | **Templeton<br>Growth**<br> **VIP Fund —**<br> **Class 2 Shares** | **Goldman Sachs<br>Government<br>Money Market<br>Fund —**<br> **Service Shares** | **Goldman Sachs<br>Large Cap**<br> **Value Fund —**<br> **Institutional<br>Shares** | **Goldman Sachs<br>Mid Cap Value<br>Fund —**<br> **Institutional<br>Shares** | **Janus**<br> **Henderson**<br> **Balanced<br>Portfolio —**<br> **Institutional<br>Shares** |
| $540778 | $848799 | $142140 | $9956798 | $1158474 | $4325290 | $7315425 |
|  |  |  | 29472 |  |  |  |
|  |  |  | 787 |  | 98 | 110 |
| **540778** | **848799** | **142140** | **9987057** | **1158474** | **4325388** | **7315535** |
| 13 | 26 |  | 223 | 28 | 104 | 189 |
| **13** | **26** | **—** | **223** | **28** | **104** | **189** |
| **$540765** | **$848773** | **$142140** | **$9986834** | **$1158446** | **$4325284** | **$7315346** |
| $477903 | $924158 | $122475 | $9956798 | $1283066 | $4381826 | $5231180 |
| 32518 | 60629 | 10045 | 9956798 | 141623 | 265518 | 130960 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** |
| **Janus**<br> **Henderson**<br> **Forty**<br> **Portfolio —**<br> **Service Shares** | **Janus**<br> **Henderson Global<br>Research<br>Portfolio —**<br> **Institutional<br>Shares** | **Janus**<br> **Henderson Global<br>Research<br>Portfolio —**<br> **Service Shares** | **Janus**<br> **Henderson Global<br>Technology and<br>Innovation<br>Portfolio —**<br> **Service Shares** | **Janus**<br> **Henderson<br>Overseas<br>Portfolio —**<br> **Institutional<br>Shares** | **Janus**<br> **Henderson<br>Overseas<br>Portfolio —**<br> **Service Shares** | **Janus**<br> **Henderson<br>Research<br>Portfolio —**<br> **Institutional<br>Shares** |
| $2298573 | $7612555 | $856563 | $2280543 | $3647638 | $197162 | $10443560 |
|  | 35 |  |  | 17 |  | 131 |
| **2298573** | **7612590** | **856563** | **2280543** | **3647655** | **197162** | **10443691** |
| 28 | 171 | 11 | 38 | 92 | 2 | 256 |
| 57 |  | 61 |  |  |  |  |
| **85** | **171** | **72** | **38** | **92** | **2** | **256** |
| **$2298488** | **$7612419** | **$856491** | **$2280505** | **$3647563** | **$197160** | **$10443435** |
| $1801826 | $4797647 | $533858 | $1414513 | $2746741 | $142889 | $6065582 |
| 44314 | 95551 | 11209 | 95261 | 65346 | 3719 | 160918 |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Assets and Liabilities — Continued

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Janus**<br>**Aspen**<br>**Series**<br>**(continued)** | **Legg Mason Partners Variable Equity Trust** | **Legg Mason Partners Variable Equity Trust** | **Legg Mason Partners Variable Equity Trust** | **Legg Mason Partners Variable Equity Trust** |
| | **Janus**<br> **Henderson**<br> **Research**<br> **Portfolio —**<br> **Service Shares** | **ClearBridge<br>Variable<br>Dividend<br>Strategy<br>Portfolio —**<br> **Class I** | **ClearBridge<br>Variable<br>Dividend<br>Strategy<br>Portfolio —**<br> **Class II** | **ClearBridge<br>Variable**<br> **Growth<br>Portfolio —**<br> **Class II** | **ClearBridge<br>Variable**<br> **Large Cap**<br> **Value**<br> **Portfolio —**<br> **Class I** |
| **Assets:** |  |  |  |  |  |
| Investments at fair value (note 2b) | $567356 | $923869 | $29207 | $373400 | $863511 |
| Dividend receivable |  |  |  |  |  |
| Receivable for units sold |  |  |  |  |  |
| **Total assets** | **567356** | **923869** | **29207** | **373400** | **863511** |
| **Liabilities:** |  |  |  |  |  |
| Accrued expenses payable to affiliate (note 4b) | 9 | 25 | 1 | 1 | 17 |
| Payable for units withdrawn |  |  | 1 |  |  |
| **Total liabilities** | **9** | **25** | **2** | **1** | **17** |
| **Net assets** | **$567347** | **$923844** | **$29205** | **$373399** | **$863494** |
| Investments in securities at cost | $325937 | $968173 | $27174 | $553343 | $924248 |
| Shares outstanding | 9264 | 45623 | 1430 | 28202 | 45021 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PIMCO Variable**<br>**Insurance Trust**<br>**(continued)** | **PIMCO Variable**<br>**Insurance Trust**<br>**(continued)** | **PIMCO Variable**<br>**Insurance Trust**<br>**(continued)** | **PIMCO Variable**<br>**Insurance Trust**<br>**(continued)** | **PIMCO Variable**<br>**Insurance Trust**<br>**(continued)** |
| | **High Yield<br>Portfolio —**<br> **Administrative<br>Class Shares** | **International<br>Bond Portfolio**<br> **(U.S. Dollar<br>Hedged) —**<br> **Administrative<br>Class Shares** | **Long-Term**<br> **U.S.**<br> **Government<br>Portfolio —**<br> **Administrative<br>Class Shares** | **Low**<br> **Duration**<br> **Portfolio —**<br> **Administrative**<br> **Class Shares** | **Total**<br> **Return<br>Portfolio —**<br> **Administrative<br>Class Shares** |
| **Assets:** |  |  |  |  |  |
| Investments at fair value (note 2b) | $1133216 | $117293 | $1350382 | $618362 | $4203661 |
| Dividend receivable | 5907 | 340 | 3974 | 2081 | 14963 |
| Receivable for units sold |  |  |  |  |  |
| **Total assets** | **1139123** | **117633** | **1354356** | **620443** | **4218624** |
| **Liabilities:** |  |  |  |  |  |
| Accrued expenses payable to affiliate (note 4b) | 10 | 1 | 13 | 7 | 55 |
| Payable for units withdrawn |  |  |  |  |  |
| **Total liabilities** | **10** | **1** | **13** | **7** | **55** |
| **Net assets** | **$1139113** | **$117632** | **$1354343** | **$620436** | **$4218569** |
| Investments in securities at cost | $1140041 | $121136 | $1666143 | $636035 | $4421605 |
| Shares outstanding | 152931 | 11683 | 180532 | 63227 | 444832 |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Assets and Liabilities — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Lincoln<br>Variable<br>Insurance<br>Products Trust** | **MFS<sup>®</sup> Variable Insurance Trust** | **MFS<sup>®</sup> Variable Insurance Trust** | **MFS<sup>®</sup> Variable Insurance Trust** | **MFS<sup>®</sup> Variable Insurance Trust** | **MFS<sup>®</sup>**<br> **Variable<br>Insurance**<br> **Trust II** | **PIMCO<br>Variable<br>Insurance**<br> **Trust** |
| **LVIP American<br>Century Inflation<br>Protection<br>Fund —**<br> **Service Class** | **MFS<sup>®</sup>**<br> **Investors**<br> **Trust Series —**<br> **Service<br>Class Shares** | **MFS<sup>®</sup>**<br> **New Discovery**<br> **Series —**<br> **Service<br>Class Shares** | **MFS<sup>®</sup>**<br> **Total Return**<br> **Series —**<br> **Service<br>Class Shares** | **MFS<sup>®</sup>**<br> **Utilities**<br> **Series —**<br> **Service<br>Class Shares** | **MFS<sup>®</sup><br>Massachusetts<br>Investors Growth**<br> **Stock Portfolio —<br>Service<br>Class Shares** | **All Asset<br>Portfolio —<br>Advisor<br>Class Shares** |
| $172496 | $560158 | $897420 | $867106 | $1765148 | $1279199 | $333558 |
| **172496** | **560158** | **897420** | **867106** | **1765148** | **1279199** | **333558** |
| 1 | 1 | 10 | 2 | 22 | 11 | 1 |
| 1 |  |  |  | 4 | 6 |  |
| **2** | **1** | **10** | **2** | **26** | **17** | **1** |
| **$172494** | **$560157** | **$897410** | **$867104** | **$1765122** | **$1279182** | **$333557** |
| $178364 | $613459 | $960302 | $871755 | $1643806 | $1166944 | $334107 |
| 19090 | 21907 | 74167 | 38300 | 47940 | 58491 | 34176 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Rydex**<br> **Variable**<br> **Trust** | **State Street Variable Insurance Series Funds, Inc.** | **State Street Variable Insurance Series Funds, Inc.** | **State Street Variable Insurance Series Funds, Inc.** | **State Street Variable Insurance Series Funds, Inc.** | **State Street Variable Insurance Series Funds, Inc.** | **State Street Variable Insurance Series Funds, Inc.** |
| **NASDAQ —**<br> **100<sup>®</sup> Fund** | **Income**<br> **V.I.S.**<br> **Fund —**<br> **Class 1 Shares** | **Premier**<br> **Growth**<br> **Equity**<br> **V.I.S.**<br> **Fund —**<br> **Class 1 Shares** | **Real Estate<br>Securities**<br> **V.I.S.**<br> **Fund —**<br> **Class 1 Shares** | **S&P 500<sup>®</sup>**<br> **Index**<br> **V.I.S.**<br> **Fund —**<br> **Class 1 Shares** | **Small-Cap**<br> **Equity**<br> **V.I.S.**<br> **Fund —**<br> **Class 1 Shares** | **Total**<br> **Return**<br> **V.I.S.**<br> **Fund —**<br> **Class 1 Shares** |
| $897491 | $962852 | $4808155 | $3149995 | $39390691 | $3013152 | $3536170 |
|  |  |  |  | 501 |  |  |
| **897491** | **962852** | **4808155** | **3149995** | **39391192** | **3013152** | **3536170** |
| 6 | 22 | 74 | 63 | 752 | 40 | 49 |
| 6 |  |  | 12 |  | 1 | 120 |
| **12** | **22** | **74** | **75** | **752** | **41** | **169** |
| **$897479** | **$962830** | **$4808081** | **$3149920** | **$39390440** | **$3013111** | **$3536001** |
| $530030 | $1057922 | $4598316 | $3399156 | $30774065 | $3510552 | $3363964 |
| 9278 | 98653 | 41846 | 299429 | 664934 | 271700 | 208501 |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Assets and Liabilities — Continued

December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **State Street**<br>**Variable Insurance**<br>**Series Funds, Inc.**<br>**(continued)** | **State Street**<br>**Variable Insurance**<br>**Series Funds, Inc.**<br>**(continued)** | **The Alger Portfolios** | **The Alger Portfolios** | **The Prudential<br>Series Fund** |
| | **Total**<br> **Return**<br> **V.I.S.**<br> **Fund —**<br> **Class 3 Shares** | **U.S.**<br> **Equity**<br> **V.I.S.**<br> **Fund —**<br> **Class 1 Shares** | **Alger**<br> **Large Cap**<br> **Growth**<br> **Portfolio —**<br> **Class I-2 Shares** | **Alger**<br> **Small Cap<br>Growth<br>Portfolio —**<br> **Class I-2 Shares** | **PSF**<br> **Natural<br>Resources<br>Portfolio —**<br> **Class II Shares** |
| **Assets:** |  |  |  |  |  |
| Investments at fair value (note 2b) | $492386 | $2615201 | $6309932 | $2360247 | $— |
| Dividend receivable |  |  |  |  |  |
| Receivable for units sold |  | 100 | 30 |  |  |
| **Total assets** | **492386** | **2615301** | **6309962** | **2360247** | **—** |
| **Liabilities:** |  |  |  |  |  |
| Accrued expenses payable to affiliate (note 4b) | (1) | 48 | 144 | 56 |  |
| Payable for units withdrawn | 1 |  |  | 10 |  |
| **Total liabilities** | **—** | **48** | **144** | **66** | **—** |
| **Net assets** | **$492386** | **$2615253** | **$6309818** | **$2360181** | **$—** |
| Investments in securities at cost | $478526 | $2785031 | $4412452 | $2971656 | $— |
| Shares outstanding | 29032 | 56229 | 61161 | 126623 |  |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Assets and Liabilities — Continued

December 31, 2025

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **The Prudential Series Fund (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **The Prudential Series Fund (continued)** |
| **PSF PGIM<br>Jennison**<br> **Blend**<br> **Portfolio —**<br> **Class II Shares** | **PSF PGIM<br>Jennison**<br> **Growth<br>Portfolio —**<br> **Class II Shares** |
| $1031239 | $551020 |
| **1031239** | **551020** |
| 13 | 2 |
| **13** | **2** |
| **$1031226** | **$551018** |
| $893088 | $194421 |
| 7374 | 2790 |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Operations

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **AB Variable Products Series Fund, Inc.** | **AB Variable Products Series Fund, Inc.** | **AB Variable Products Series Fund, Inc.** | **AB Variable Products Series Fund, Inc.** | **AB Variable Products Series Fund, Inc.** |
|  | **AB VPS<br>International<br>Value<br>Portfolio —<br>Class B** | **AB VPS<br>Large Cap<br>Growth<br>Portfolio —<br>Class B** | **AB VPS<br>Relative<br>Value<br>Portfolio —<br>Class B** | **AB VPS<br>Small Cap<br>Growth<br>Portfolio —<br>Class B** | **AB VPS<br>Sustainable<br>Global<br>Thematic<br>Portfolio —<br>Class B** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** |
| **Investment income and expense:** |  |  |  |  |  |
| Income — Ordinary dividends | $21315 | $— | $48307 | $— | $— |
| Mortality and expense risk and administrative charges (note 4) | 3078 | 6283 | 14361 | 1577 | 1411 |
| **Net investment income (expense)** | **18237** | **(6283)** | **33946** | **(1577)** | **(1411)** |
| **Net realized and unrealized gain (loss) on investments:** |  |  |  |  |  |
| Net realized gain (loss) | 48295 | 25823 | 66624 | (3305) | 3773 |
| Change in unrealized appreciation (depreciation) | 236057 | 5547 | (36934) | 17188 | (27659) |
| Capital gain distributions |  | 127341 | 451093 |  | 43890 |
| **Net realized and unrealized gain (loss) on investments** | **284352** | **158711** | **480783** | **13883** | **20004** |
| **Increase (decrease) in net assets from operations** | **$302589** | **$152428** | **$514729** | **$12306** | **$18593** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | <br>**AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | <br>**AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | <br>**AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | <br>**AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | <br>**AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** |
|  | **Invesco<br>V.I.<br>Discovery<br>Large Cap<br>Fund —<br>Series II Shares** | **Invesco<br>V.I.<br>Discovery<br>Mid Cap<br>Growth<br>Fund —<br>Series I shares** | **Invesco<br>V.I.<br>Discovery<br>Mid Cap<br>Growth<br>Fund —<br>Series II shares** | **Invesco<br>V.I.<br>EQV<br>International<br>Equity<br>Fund —<br>Series II shares** | **Invesco<br>V.I.<br>Equity and<br>Income<br>Fund —<br>Series I shares** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** |
| **Investment income and expense:** |  |  |  |  |  |
| Income — Ordinary dividends | $— | $— | $— | $9302 | $31662 |
| Mortality and expense risk and administrative charges (note 4) | 2381 | 52701 | 611 | 1662 | 15062 |
| **Net investment income (expense)** | **(2381)** | **(52701)** | **(611)** | **7640** | **16600** |
| **Net realized and unrealized gain (loss) on investments:** |  |  |  |  |  |
| Net realized gain (loss) | 8716 | 45594 | (91) | 10312 | 5272 |
| Change in unrealized appreciation (depreciation) | (22345) | (276463) | (13710) | 44910 | 64164 |
| Capital gain distributions | 101998 | 500555 | 24986 | 50758 | 80430 |
| **Net realized and unrealized gain (loss) on investments** | **88369** | **269686** | **11185** | **105980** | **149866** |
| **Increase (decrease) in net assets from operations** | **$85988** | **$216985** | **$10574** | **$113620** | **$166466** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Operations — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** |
| **Invesco<br>V.I.<br>American<br>Franchise<br>Fund —**<br> **Series I shares** | **Invesco<br>V.I.<br>American<br>Franchise<br>Fund —**<br> **Series II shares** | **Invesco<br>V.I.<br>American<br>Value Fund —**<br> **Series II shares** | **Invesco<br>V.I.<br>Comstock<br>Fund —**<br> **Series II shares** | **Invesco<br>V.I.<br>Core Equity<br>Fund —**<br> **Series I shares** | **Invesco<br>V.I.<br>Core Plus<br>Bond<br>Fund —**<br> **Series I shares** | **Invesco<br>V.I.<br>Discovery<br>Large Cap<br>Fund —**<br> **Series I shares** |
| **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** |
| $— | $— | $1585 | $11943 | $9239 | $49199 | $— |
| 8733 | 847 | 1724 | 1889 | 5031 | 9899 | 56832 |
| **(8733)** | **(847)** | **(139)** | **10054** | **4208** | **39300** | **(56832)** |
| 40048 | 3125 | 3896 | 22176 | 29022 | (5855) | 154095 |
| (11549) | (2268) | 19664 | 7846 | 71816 | 34162 | (158120) |
| 149299 | 38539 | 113867 | 88507 | 106356 |  | 804003 |
| **177798** | **39396** | **137427** | **118529** | **207194** | **28307** | **799978** |
| **$169065** | **$38549** | **$137288** | **$128583** | **$211402** | **$67607** | **$743146** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **Allspring<br>Variable Trust** | **BNY Mellon** |
| **Invesco<br>V.I.<br>Equity and<br>Income<br>Fund —**<br> **Series II shares** | **Invesco<br>V.I.<br>Global<br>Fund —**<br> **Series II shares** | **Invesco<br>V.I.<br>Global<br>Strategic<br>Income<br>Fund —**<br> **Series I shares** | **Invesco<br>V.I.<br>Main Street<br>Fund<sup>®</sup> —**<br> **Series II shares** | **Invesco<br>V.I.<br>Main Street<br>Small Cap<br>Fund<sup>®</sup> —**<br> **Series II shares** | **Allspring<br>VT<br>Discovery<br>All Cap Growth<br>Fund —**<br> **Class 2** | **BNY<br>Mellon<br>Sustainable U.S.<br>Equity<br>Portfolio,<br>Inc. —**<br> **Initial Shares** |
| **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** |
| $4981 | $— | $45188 | $6989 | $2550 | $— | $489 |
| 166 | 15753 | 6668 | 7967 | 2488 | 200 | 863 |
| **4815** | **(15753)** | **38520** | **(978)** | **62** | **(200)** | **(374)** |
| 439 | 26808 | (3664) | (11847) | 17581 | (287) | 30203 |
| 11095 | (215728) | 57720 | 177911 | (44237) | (60796) | (19883) |
| 14292 | 705109 |  | 140242 | 113398 | 102478 | 15624 |
| **25826** | **516189** | **54056** | **306306** | **86742** | **41395** | **25944** |
| **$30641** | **$500436** | **$92576** | **$305328** | **$86804** | **$41195** | **$25570** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Operations — Continued

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **BlackRock Variable Series Funds, Inc.** | **BlackRock Variable Series Funds, Inc.** | **BlackRock Variable Series Funds, Inc.** | **BlackRock Variable Series Funds, Inc.** | **Columbia<br>Funds Variable<br>Series Trust II** |
|  | **BlackRock<br>Advantage<br>SMID Cap**<br>**V.I.**<br>**Fund —**<br>**Class III<br>Shares** | **BlackRock<br>Basic Value<br>V.I.**<br>**Fund —**<br>**Class III<br>Shares** | **BlackRock<br>Global<br>Allocation V.I.<br>Fund —**<br>**Class III**<br>**Shares** | **BlackRock<br>Large Cap<br>Focus Growth<br>V.I. Fund —**<br>**Class III<br>Shares** | **CTIVP<sup>®</sup> —**<br>**Principal<br>Large Cap<br>Growth<br>Fund —**<br>**Class 1** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** |
| **Investment income and expense:** |  |  |  |  |  |
| Income — Ordinary dividends | $2841 | $4977 | $58775 | $— | $— |
| Mortality and expense risk and administrative charges (note 4) | 295 | 574 | 2304 | 1095 | 2893 |
| **Net investment income (expense)** | **2546** | **4403** | **56471** | **(1095)** | **(2893)** |
| **Net realized and unrealized gain (loss) on investments:** |  |  |  |  |  |
| Net realized gain (loss) | (1908) | (68) | (1105) | 4524 | 88731 |
| Change in unrealized appreciation (depreciation) | (7152) | 17424 | 826 | (63058) | 83467 |
| Capital gain distributions | 25701 | 34294 | 139626 | 160650 |  |
| **Net realized and unrealized gain (loss) on investments** | **16641** | **51650** | **139347** | **102116** | **172198** |
| **Increase (decrease) in net assets from operations** | **$19187** | **$56053** | **$195818** | **$101021** | **$169305** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** |
|  | **VIP<br>Asset<br>Manager 50%<br>Portfolio —**<br>**Service Class 2** | **VIP<br>Balanced<br>Portfolio —**<br>**Service Class 2** | **VIP<br>Contrafund<sup>®</sup><br>Portfolio —**<br>**Initial Class** | **VIP<br>Contrafund<sup>®</sup><br>Portfolio —**<br>**Service Class 2** | **VIP<br>Dynamic<br>Capital<br>Appreciation<br>Portfolio —**<br>**Service Class 2** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** |
| **Investment income and expense:** |  |  |  |  |  |
| Income — Ordinary dividends | $3422 | $12895 | $32433 | $— | $1514 |
| Mortality and expense risk and administrative charges (note 4) | 724 | 1680 | 230259 | 31429 | 2353 |
| **Net investment income (expense)** | **2698** | **11215** | **(197826)** | **(31429)** | **(839)** |
| **Net realized and unrealized gain (loss) on investments:** |  |  |  |  |  |
| Net realized gain (loss) | 536 | 12465 | 1029904 | 542528 | (14655) |
| Change in unrealized appreciation (depreciation) | 8673 | 48300 | (194348) | (335963) | 4238 |
| Capital gain distributions | 6211 | 40713 | 3720718 | 1366662 | 69325 |
| **Net realized and unrealized gain (loss) on investments** | **15420** | **101478** | **4556274** | **1573227** | **58908** |
| **Increase (decrease) in net assets from operations** | **$18118** | **$112693** | **$4358448** | **$1541798** | **$58069** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Operations — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Columbia<br>Funds Variable<br>Series Trust II**<br> **(continued)** | **Eaton Vance<br>Variable Trust** | **Federated Hermes Insurance Series** | **Federated Hermes Insurance Series** | **Federated Hermes Insurance Series** | **Federated Hermes Insurance Series** | **Fidelity<sup>®</sup> Variable<br>Insurance<br>Products Fund** |
| **Columbia<br>Variable<br>Portfolio —**<br> **Overseas Core<br>Fund —**<br> **Class 2** | **VT**<br> **Floating-Rate<br>Income Fund** | **Federated<br>Hermes High<br>Income Bond<br>Fund II —**<br> **Primary Shares** | **Federated<br>Hermes High<br>Income Bond<br>Fund II —**<br> **Service Shares** | **Federated<br>Hermes<br>Kaufmann<br>Fund II —**<br> **Service Shares** | **Federated<br>Hermes<br>Managed<br>Volatility<br>Fund II —**<br> **Primary Shares** | **VIP**<br> **Asset Manager<br>50%<br>Portfolio —**<br> **Initial Class** |
| **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** |
| $9777 | $34354 | $26254 | $49374 | $— | $15182 | $108798 |
| 1560 | 1408 | 4120 | 2078 | 1979 | 4244 | 40771 |
| **8217** | **32946** | **22134** | **47296** | **(1979)** | **10938** | **68027** |
| 25212 | (5692) | (2199) | (7500) | 3568 | 2625 | 55608 |
| 144745 | (8720) | 10273 | 26173 | (5532) | 8574 | 246037 |
|  |  |  |  | 105681 | 9262 | 196889 |
| **169957** | **(14412)** | **8074** | **18673** | **103717** | **20461** | **498534** |
| **$178174** | **$18534** | **$30208** | **$65969** | **$101738** | **$31399** | **$566561** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** |
| **VIP**<br> **Equity-Income<br>Portfolio<sup>SM</sup> —**<br> **Initial Class** | **VIP**<br> **Equity-Income<br>Portfolio<sup>SM</sup> —**<br> **Service Class 2** | **VIP<br>Growth &<br>Income<br>Portfolio —**<br> **Initial Class** | **VIP<br>Growth &<br>Income<br>Portfolio —**<br> **Service Class 2** | **VIP<br>Growth<br>Opportunities<br>Portfolio —**<br> **Initial Class** | **VIP<br>Growth<br>Portfolio —**<br> **Initial Class** | **VIP<br>Growth<br>Portfolio —**<br> **Service Class 2** |
| **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** |
| $169275 | $41570 | $38011 | $21763 | $— | $65138 | $2128 |
| 85222 | 8481 | 19114 | 4677 | 14753 | 210090 | 21418 |
| **84053** | **33089** | **18897** | **17086** | **(14753)** | **(144952)** | **(19290)** |
| 236670 | 38509 | 120877 | 111273 | 274773 | 519374 | 225147 |
| 723421 | 203266 | 87698 | 35492 | 45636 | (319313) | (192895) |
| 523417 | 146806 | 229520 | 157983 | 29291 | 2892121 | 579364 |
| **1483508** | **388581** | **438095** | **304748** | **349700** | **3092182** | **611616** |
| **$1567561** | **$421670** | **$456992** | **$321834** | **$334947** | **$2947230** | **$592326** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Operations — Continued

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Fidelity<sup>®</sup> Variable Insurance Products Fund<br>(continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund<br>(continued)** | **Fidelity<sup>®</sup> Variable Insurance Products Fund<br>(continued)** | **Franklin Templeton Variable<br>Insurance Products Trust** | **Franklin Templeton Variable<br>Insurance Products Trust** |
|  | **VIP<br>Mid Cap<br>Portfolio —**<br>**Service Class 2** | **VIP<br>Overseas<br>Portfolio —<br>Initial Class** | **VIP<br>Value<br>Strategies<br>Portfolio —<br>Service Class 2** | **Franklin<br>Income<br>VIP<br>Fund —<br>Class 2 Shares** | <br>**Franklin<br>Mutual<br>Shares<br>VIP Fund —<br>Class 2 Shares** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** |
| **Investment income and expense:** |  |  |  |  |  |
| Income — Ordinary dividends | $12230 | $52104 | $4647 | $43546 | $7308 |
| Mortality and expense risk and administrative charges (note 4) | 29152 | 27763 | 561 | 623 | 666 |
| **Net investment income (expense)** | **(16922)** | **24341** | **4086** | **42923** | **6642** |
| **Net realized and unrealized gain (loss) on investments:** |  |  |  |  |  |
| Net realized gain (loss) | (84207) | 112435 | (14874) | 990 | (5268) |
| Change in unrealized appreciation (depreciation) | 8374 | 123762 | 29385 | 49868 | 813 |
| Capital gain distributions | 603402 | 289590 | 23444 | 9153 | 36008 |
| **Net realized and unrealized gain (loss) on investments** | **527569** | **525787** | **37955** | **60011** | **31553** |
| **Increase (decrease) in net assets from operations** | **$510647** | **$550128** | **$42041** | **$102934** | **$38195** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** |
|  | **Janus<br>Henderson<br>Balanced<br>Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Enterprise<br>Portfolio —<br>Institutional<br>Shares** | **Janus<br>Henderson<br>Enterprise<br>Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Flexible<br>Bond<br>Portfolio —<br>Institutional<br>Shares** | **Janus<br>Henderson<br>Forty<br>Portfolio —<br>Institutional<br>Shares** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** |
| **Investment income and expense:** |  |  |  |  |  |
| Income — Ordinary dividends | $54504 | $31712 | $2298 | $82284 | $23628 |
| Mortality and expense risk and administrative charges (note 4) | 16309 | 81194 | 5751 | 14478 | 69201 |
| **Net investment income (expense)** | **38195** | **(49482)** | **(3453)** | **67806** | **(45573)** |
| **Net realized and unrealized gain (loss) on investments:** |  |  |  |  |  |
| Net realized gain (loss) | 216264 | 183295 | 8603 | (29259) | 386159 |
| Change in unrealized appreciation (depreciation) | 73908 | (209394) | (26212) | 57113 | (28927) |
| Capital gain distributions | 98295 | 745179 | 109440 |  | 921081 |
| **Net realized and unrealized gain (loss) on investments** | **388467** | **719080** | **91831** | **27854** | **1278313** |
| **Increase (decrease) in net assets from operations** | **$426662** | **$669598** | **$88378** | **$95660** | **$1232740** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Operations — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Franklin Templeton Variable Insurance Products Trust<br>(continued)** | **Franklin Templeton Variable Insurance Products Trust<br>(continued)** | **Franklin Templeton Variable Insurance Products Trust<br>(continued)** | **Goldman Sachs Variable Insurance Trust** | **Goldman Sachs Variable Insurance Trust** | **Goldman Sachs Variable Insurance Trust** | **Janus Aspen<br>Series** |
| **Templeton<br>Foreign<br>VIP Fund —**<br> **Class 1 Shares** | **Templeton<br>Global Bond<br>VIP**<br> **Fund —**<br> **Class 1 Shares** | **Templeton<br>Growth<br>VIP<br>Fund —**<br> **Class 2 Shares** | **Goldman<br>Sachs<br>Government<br>Money Market<br>Fund —<br>Service Shares** | **Goldman<br>Sachs<br>Large Cap<br>Value Fund —<br>Institutional<br>Shares** | **Goldman<br>Sachs Mid Cap<br>Value Fund —<br>Institutional<br>Shares** | **Janus<br>Henderson<br>Balanced<br>Portfolio —<br>Institutional<br>Shares** |
| **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** |
| $12469 | $— | $1133 | $372147 | $12357 | $49819 | $140705 |
| 4451 | 9175 | 113 | 78389 | 9401 | 37535 | 64015 |
| **8018** | **(9175)** | **1020** | **293758** | **2956** | **12284** | **76690** |
| 13574 | (8373) | 2428 |  | (11007) | 45552 | 279309 |
| 69365 | 125840 | 14506 |  | (42043) | (152932) | 321974 |
| 31368 |  | 9729 |  | 153705 | 451675 | 225095 |
| **114307** | **117467** | **26663** | **—** | **100655** | **344295** | **826378** |
| **$122325** | **$108292** | **$27683** | **$293758** | **$103611** | **$356579** | **$903068** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** |
| **Janus<br>Henderson<br>Forty<br>Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Global Research<br>Portfolio —<br>Institutional<br>Shares** | **Janus<br>Henderson<br>Global Research<br>Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Global<br>Technology and<br>Innovation<br>Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Overseas<br>Portfolio —<br>Institutional<br>Shares** | **Janus<br>Henderson<br>Overseas<br>Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Research<br>Portfolio —<br>Institutional<br>Shares** |
| **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** |
| $5438 | $52653 | $4557 | $— | $47101 | $2383 | $11834 |
| 9314 | 57546 | 3611 | 12246 | 30028 | 581 | 85885 |
| **(3876)** | **(4893)** | **946** | **(12246)** | **17073** | **1802** | **(74051)** |
| 25253 | 265679 | 27712 | 44932 | 205355 | 17629 | 594929 |
| 42969 | 425663 | 44776 | 222980 | 573655 | 24363 | 308797 |
| 278898 | 603419 | 67954 | 186399 |  |  | 727729 |
| **347120** | **1294761** | **140442** | **454311** | **779010** | **41992** | **1631455** |
| **$343244** | **$1289868** | **$141388** | **$442065** | **$796083** | **$43794** | **$1557404** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Operations — Continued

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | <br>**Janus Aspen<br>Series<br>(continued)** | **Legg Mason Partners Variable Equity Trust** | **Legg Mason Partners Variable Equity Trust** | **Legg Mason Partners Variable Equity Trust** | **Legg Mason Partners Variable Equity Trust** |
|  | **Janus<br>Henderson<br>Research<br>Portfolio —**<br>**Service Shares** | **ClearBridge<br>Variable<br>Dividend<br>Strategy<br>Portfolio —**<br>**Class I** | <br>**ClearBridge<br>Variable<br>Dividend<br>Strategy<br>Portfolio —**<br>**Class II** | **ClearBridge<br>Variable<br>Growth<br>Portfolio —**<br>**Class II** | **ClearBridge<br>Variable**<br>**Large Cap<br>Value<br>Portfolio —**<br>**Class I** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** |
| **Investment income and expense:** |  |  |  |  |  |
| Income — Ordinary dividends | $660 | $19938 | $535 | $— | $9477 |
| Mortality and expense risk and administrative charges (note 4) | 2893 | 9171 | 193 | 488 | 5613 |
| **Net investment income (expense)** | **(2233)** | **10767** | **342** | **(488)** | **3864** |
| **Net realized and unrealized gain (loss) on investments:** |  |  |  |  |  |
| Net realized gain (loss) | 8307 | (90) | 80 | (5569) | (18218) |
| Change in unrealized appreciation (depreciation) | 35419 | (37597) | (1210) | (9711) | 6588 |
| Capital gain distributions | 40562 | 125824 | 3844 | 58964 | 81980 |
| **Net realized and unrealized gain (loss) on investments** | **84288** | **88137** | **2714** | **43684** | **70350** |
| **Increase (decrease) in net assets from operations** | **$82055** | **$98904** | **$3056** | **$43196** | **$74214** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | <br>**PIMCO Variable Insurance Trust (continued)** | <br>**PIMCO Variable Insurance Trust (continued)** | <br>**PIMCO Variable Insurance Trust (continued)** | <br>**PIMCO Variable Insurance Trust (continued)** | <br>**PIMCO Variable Insurance Trust (continued)** |
|  | **High<br>Yield<br>Portfolio —<br>Administrative<br>Class Shares** | **International<br>Bond Portfolio<br>(U.S. Dollar<br>Hedged) —<br>Administrative<br>Class Shares** | **Long-Term<br>U.S.<br>Government<br>Portfolio —<br>Administrative<br>Class Shares** | **Low<br>Duration<br>Portfolio —<br>Administrative<br>Class Shares** | **Total<br>Return<br>Portfolio —<br>Administrative<br>Class Shares** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** |
| **Investment income and expense:** |  |  |  |  |  |
| Income — Ordinary dividends | $69147 | $4115 | $42966 | $24523 | $168912 |
| Mortality and expense risk and administrative charges (note 4) | 3532 | 507 | 4495 | 2747 | 19692 |
| **Net investment income (expense)** | **65615** | **3608** | **38471** | **21776** | **149220** |
| **Net realized and unrealized gain (loss) on investments:** |  |  |  |  |  |
| Net realized gain (loss) | (165) | (402) | (22708) | (1939) | (30798) |
| Change in unrealized appreciation (depreciation) | 25797 | 855 | 59099 | 10888 | 213275 |
| Capital gain distributions |  |  |  |  |  |
| **Net realized and unrealized gain (loss) on investments** | **25632** | **453** | **36391** | **8949** | **182477** |
| **Increase (decrease) in net assets from operations** | **$91247** | **$4061** | **$74862** | **$30725** | **$331697** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Operations — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Lincoln<br>Variable<br>Insurance<br>Products Trust** | **MFS<sup>®</sup> Variable Insurance Trust** | **MFS<sup>®</sup> Variable Insurance Trust** | **MFS<sup>®</sup> Variable Insurance Trust** | **MFS<sup>®</sup> Variable Insurance Trust** | **MFS<sup>®</sup> Variable<br>Insurance Trust<br>II** | **PIMCO Variable<br>Insurance Trust** |
| **LVIP<br>American<br>Century<br>Inflation<br>Protection<br>Fund —<br>Service Class** | **MFS<sup>®</sup><br>Investors Trust<br>Series —<br>Service<br>Class Shares** | **MFS<sup>®</sup><br>New Discovery<br>Series —<br>Service<br>Class Shares** | **MFS<sup>®</sup><br>Total Return<br>Series —<br>Service<br>Class Shares** | **MFS<sup>®</sup><br>Utilities<br>Series —<br>Service<br>Class Shares** | **MFS<sup>®</sup><br>Massachusetts<br>Investors<br>Growth Stock<br>Portfolio —<br>Service<br>Class Shares** | **All Asset<br>Portfolio —<br>Advisor<br>Class Shares** |
| **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** |
| $12513 | $3129 | $— | $20950 | $45941 | $206 | $13885 |
| 228 | 502 | 3494 | 685 | 7543 | 3868 | 451 |
| **12285** | **2627** | **(3494)** | **20265** | **38398** | **(3662)** | **13434** |
| (5198) | 7356 | (21934) | (2637) | 129719 | 8688 | (8206) |
| 4256 | (164722) | 127379 | 5567 | 51470 | (75249) | 33833 |
|  | 221350 |  | 61635 | 22911 | 178903 |  |
| **(942)** | **63984** | **105445** | **64565** | **204100** | **112342** | **25627** |
| **$11343** | **$66611** | **$101951** | **$84830** | **$242498** | **$108680** | **$39061** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Rydex Variable<br>Trust** | **State Street Variable Insurance Series Funds, Inc.** | **State Street Variable Insurance Series Funds, Inc.** | **State Street Variable Insurance Series Funds, Inc.** | **State Street Variable Insurance Series Funds, Inc.** | **State Street Variable Insurance Series Funds, Inc.** | **State Street Variable Insurance Series Funds, Inc.** |
| **NASDAQ —<br>100<sup>®</sup><br>Fund** | **Income<br>V.I.S.<br>Fund —<br>Class 1 Shares** | **Premier<br>Growth<br>Equity<br>V.I.S. Fund —<br>Class 1 Shares** | **Real<br>Estate<br>Securities<br>V.I.S.<br>Fund —<br>Class 1 Shares** | **S&P 500<sup>®</sup><br>Index<br>V.I.S. Fund —<br>Class 1 Shares** | **Small-Cap<br>Equity<br>V.I.S. Fund —<br>Class 1 Shares** | **Total<br>Return<br>V.I.S. Fund —<br>Class 1 Shares** |
| **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** |
| $282 | $35827 | $— | $34503 | $361086 | $— | $84568 |
| 2026 | 7723 | 24095 | 22947 | 262358 | 14565 | 17162 |
| **(1744)** | **28104** | **(24095)** | **11556** | **98728** | **(14565)** | **67406** |
| 92797 | (18773) | 77941 | (26599) | 1898570 | (73893) | 21641 |
| 17957 | 39987 | (115597) | 13118 | 1301646 | (289255) | 240195 |
| 51240 |  | 851470 | 40724 | 2682774 | 350149 | 147317 |
| **161994** | **21214** | **813814** | **27243** | **5882990** | **(12999)** | **409153** |
| **$160250** | **$49318** | **$789719** | **$38799** | **$5981718** | **$(27564)** | **$476559** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Operations — Continued

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | <br>**State Street Variable Insurance<br>Series Funds, Inc. (continued)** | <br>**State Street Variable Insurance<br>Series Funds, Inc. (continued)** | **The Alger Portfolios** | **The Alger Portfolios** | **The Prudential<br>Series Fund** |
|  | **Total<br>Return<br>V.I.S.<br>Fund —**<br>**Class 3 Shares** | **U.S. Equity<br>V.I.S.<br>Fund —**<br>**Class 1 Shares** | <br>**Alger<br>Large Cap<br>Growth<br>Portfolio —**<br>**Class I-2<br>Shares** | **Alger Small<br>Cap Growth<br>Portfolio —**<br>**Class I-2<br>Shares** | **PSF Natural<br>Resources<br>Portfolio —**<br>**Class II Shares** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2025** | **Period from<br>January 1 to<br>April 11, 2025** |
| **Investment income and expense:** |  |  |  |  |  |
| Income — Ordinary dividends | $10539 | $5062 | $— | $— | $— |
| Mortality and expense risk and administrative charges (note 4) | 48 | 16374 | 45976 | 18810 | 1004 |
| **Net investment income (expense)** | **10491** | **(11312)** | **(45976)** | **(18810)** | **(1004)** |
| **Net realized and unrealized gain (loss) on investments:** |  |  |  |  |  |
| Net realized gain (loss) | 27460 | 42218 | 173727 | (126056) | (33747) |
| Change in unrealized appreciation (depreciation) | 7980 | (118138) | 640739 | 225692 | (16394) |
| Capital gain distributions | 20558 | 454807 | 679688 | 27082 |  |
| **Net realized and unrealized gain (loss) on investments** | **55998** | **378887** | **1494154** | **126718** | **(50141)** |
| **Increase (decrease) in net assets from operations** | **$66489** | **$367575** | **$1448178** | **$107908** | **$(51145)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Operations — Continued

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **The Prudential Series Fund<br>(continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **The Prudential Series Fund<br>(continued)** |
| **PSF PGIM<br>Jennison Blend<br>Portfolio —**<br> **Class II Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **PSF PGIM<br>Jennison<br>Growth<br>Portfolio —**<br> **Class II Shares** |
| **Year ended<br>December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2025** |
| $— | $— |
| 3419 | 757 |
| **(3419)** | **(757)** |
| 127915 | 6039 |
| 104858 | 61221 |
| **232773** | **67260** |
| **$229354** | **$66503** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **<br>AB Variable Products Series Fund, Inc.** | **<br>AB Variable Products Series Fund, Inc.** | **<br>AB Variable Products Series Fund, Inc.** | **<br>AB Variable Products Series Fund, Inc.** | **<br>AB Variable Products Series Fund, Inc.** | **<br>AB Variable Products Series Fund, Inc.** |
|  | **AB VPS<br>International Value<br>Portfolio —<br>Class B** | **AB VPS<br>International Value<br>Portfolio —<br>Class B** | **AB VPS<br>Large Cap Growth<br>Portfolio —<br>Class B** | **AB VPS<br>Large Cap Growth<br>Portfolio —<br>Class B** | **AB VPS<br>Relative Value<br>Portfolio —<br>Class B** | **AB VPS<br>Relative Value<br>Portfolio —<br>Class B** |
| | **Year ended**<br> **December 31,**<br> **2025** | **Year ended**<br> **December 31,**<br> **2024** | **Year ended**<br> **December 31,**<br> **2025** | **Year ended**<br> **December 31,**<br> **2024** | **Year ended**<br> **December 31,**<br> **2025** | **Year ended**<br> **December 31,**<br> **2024** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations:** |  |  |  |  |  |  |
| Net investment income (expense) | $18237 | $15290 | $(6283) | $(5740) | $33946 | $52539 |
| Net realized gain (loss) on investments | 48295 | 21860 | 25823 | 26572 | 66624 | 113965 |
| Change in unrealized appreciation (depreciation) on investments | 236057 | (3774) | 5547 | 173131 | (36934) | 261111 |
| Capital gain distributions |  |  | 127341 | 53224 | 451093 | 188867 |
| **Increase (decrease) in net assets from operations** | **302589** | **33376** | **152428** | **247187** | **514729** | **616482** |
| **From capital transactions (note 4):** |  |  |  |  |  |  |
| Net premiums | 14106 | 15921 | 13586 | 11867 | 47826 | 47540 |
| Loan interest | (66) | 79 | (255) | (518) | 67 | (758) |
| Transfers for contract benefits and terminations | (2505) | (19159) | (15668) | (6991) | (79832) | (339686) |
| Loans | 1008 | (6780) | 983 | (84) | (14154) | (3263) |
| Cost of insurance and administrative expenses | (23857) | (22076) | (26272) | (25304) | (113754) | (114484) |
| Transfers between subaccounts (including fixed account), net | (7240) | 9180 | (18118) | 17878 | 17554 | (14776) |
| **Increase (decrease) in net assets from capital transactions** | **(18554)** | **(22835)** | **(45744)** | **(3152)** | **(142293)** | **(425427)** |
| **Increase (decrease) in net assets** | **284035** | **10541** | **106684** | **244035** | **372436** | **191055** |
| Net assets at beginning of year | 749559 | 739018 | 1260575 | 1016540 | 5285518 | 5094463 |
| Net assets at end of year | $1033594 | $749559 | $1367259 | $1260575 | $5657954 | $5285518 |
| **Change in units (note 5):** |  |  |  |  |  |  |
| Units purchased | 14007 | 17523 | 1281 | 2275 | 13717 | 13498 |
| Units redeemed | (15003) | (18925) | (2145) | (2326) | (16463) | (22303) |
| **Net increase (decrease) in units from capital transactions with policy owners** | **(996)** | **(1402)** | **(864)** | **(51)** | **(2746)** | **(8805)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **AB Variable Products Series Fund, Inc. (continued)** | **AB Variable Products Series Fund, Inc. (continued)** | **AB Variable Products Series Fund, Inc. (continued)** | **AB Variable Products Series Fund, Inc. (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)** |
| **AB VPS Small Cap Growth<br>Portfolio —<br>Class B** | **AB VPS Small Cap Growth<br>Portfolio —<br>Class B** | **AB VPS Sustainable Global<br>Thematic<br>Portfolio — <br>Class B** | **AB VPS Sustainable Global<br>Thematic<br>Portfolio — <br>Class B** | **Invesco<br>V.I. American<br>Franchise Fund —<br>Series I shares** | **Invesco<br>V.I. American<br>Franchise Fund —<br>Series I shares** | **Invesco<br>V.I. American<br>Franchise Fund —<br>Series II shares** | **Invesco<br>V.I. American<br>Franchise Fund —<br>Series II shares** | **Invesco<br>V.I. American<br>Value Fund —<br>Series II shares** | **Invesco<br>V.I. American<br>Value Fund —<br>Series II shares** |
| **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| $(1577) | $(1555) | $(1411) | $(1418) | $(8733) | $(7879) | $(847) | $(753) | $(139) | $3376 |
| (3305) | (7603) | 3773 | 2615 | 40048 | 19082 | 3125 | 7766 | 3896 | (2354) |
| 17188 | 58104 | (27659) | 14707 | (11549) | 392821 | (2268) | 87478 | 19664 | 141073 |
|  |  | 43890 | 987 | 149299 |  | 38539 |  | 113867 | 14586 |
| **12306** | **48946** | **18593** | **16891** | **169065** | **404024** | **38549** | **94491** | **137288** | **156681** |
| 3240 | 3345 | 4895 | 5101 | 27792 | 22015 | 1742 | 1742 | 5336 | 5176 |
| 31 | 74 |  |  | (124) | (134) | (210) | (192) | (679) | (618) |
| (15) | (6245) | (19589) | (5844) | (44924) | (25024) | (748) | (33821) | (805) |  |
| 4 | (292) |  |  | (6429) | 99 | 342 | 631 | 184 | 279 |
| (6780) | (6959) | (4617) | (4728) | (44074) | (41958) | (7634) | (6997) | (12780) | (11505) |
| (26) | (231) | (932) | (218) | (13680) | (6951) | (97) | (2367) | (468) | (4359) |
| **(3546)** | **(10308)** | **(20243)** | **(5689)** | **(81439)** | **(51953)** | **(6605)** | **(41004)** | **(9212)** | **(11027)** |
| **8760** | **38638** | **(1650)** | **11202** | **87626** | **352071** | **31944** | **53487** | **128076** | **145654** |
| 320103 | 281465 | 321311 | 310109 | 1569008 | 1216937 | 351681 | 298194 | 676745 | 531091 |
| $328863 | $320103 | $319661 | $321311 | $1656634 | $1569008 | $383625 | $351681 | $804821 | $676745 |
| 86 | 93 | 132 | 122 | 634 | 806 | 43 | 59 | 3655 | 3803 |
| (161) | (344) | (560) | (234) | (2143) | (2014) | (134) | (704) | (4218) | (4614) |
| **** <br>**(75)**<br>  | **(251)** | **(428)** | **(112)** | **(1509)** | **(1208)** | **(91)** | **(645)** | **(563)** | **(811)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)**<br>**(continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)**<br>**(continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)**<br>**(continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)**<br>**(continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)**<br>**(continued)** | **AIM Variable Insurance Funds (Invesco Variable Insurance Funds)**<br>**(continued)** |
|  | **Invesco<br>V.I. Comstock<br>Fund —<br>Series II shares** | **Invesco<br>V.I. Comstock<br>Fund —<br>Series II shares** | **Invesco<br>V.I. Core<br>Equity Fund —<br>Series I shares** | **Invesco<br>V.I. Core<br>Equity Fund —<br>Series I shares** | **Invesco<br>V.I. Core<br>Plus Bond Fund —<br>Series I shares** | **Invesco<br>V.I. Core<br>Plus Bond Fund —<br>Series I shares** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations:** |  |  |  |  |  |  |
| Net investment income (expense) | $10054 | $10195 | $4208 | $4751 | $39300 | $29834 |
| Net realized gain (loss) on investments | 22176 | 25552 | 29022 | 6439 | (5855) | 15441 |
| Change in unrealized appreciation (depreciation) on investments | 7846 | 14401 | 71816 | 171357 | 34162 | (21013) |
| Capital gain distributions | 88507 | 56528 | 106356 | 115914 |  |  |
| **Increase (decrease) in net assets from operations** | **128583** | **106676** | **211402** | **298461** | **67607** | **24262** |
| **From capital transactions (note 4):** |  |  |  |  |  |  |
| Net premiums | 7161 | 7307 | 15805 | 15683 | 49249 | 51068 |
| Loan interest | (85) | (85) | 109 | 162 | 1882 | 2371 |
| Transfers for contract benefits and terminations | (40188) | (73728) | (125274) | (18853) | (5052) | (23348) |
| Loans |  | 203 | 706 | (4552) | 26135 | 415 |
| Cost of insurance and administrative expenses | (18599) | (17942) | (26765) | (26152) | (57639) | (58047) |
| Transfers between subaccounts (including fixed account), net | (1421) | (8965) | (21355) | (17131) | 116754 | (190765) |
| **Increase (decrease) in net assets from capital transactions** | **(53132)** | **(93210)** | **(156774)** | **(50843)** | **131329** | **(218306)** |
| **Increase (decrease) in net assets** | **75451** | **13466** | **54628** | **247618** | **198936** | **(194044)** |
| Net assets at beginning of year | 804661 | 791195 | 1453468 | 1205850 | 1105562 | 1299606 |
| Net assets at end of year | $880112 | $804661 | $1508096 | $1453468 | $1304498 | $1105562 |
| **Change in units (note 5):** |  |  |  |  |  |  |
| Units purchased | 1009 | 894 | 471 | 748 | 62640 | 58792 |
| Units redeemed | (1904) | (2724) | (3975) | (2121) | (50569) | (80771) |
| **Net increase (decrease) in units from capital transactions with policy owners** | **(895)** | **(1830)** | **(3504)** | **(1373)** | **12071** | **(21979)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** |
| **Invesco<br>V.I. Discovery<br>Large Cap Fund —<br>Series I shares** | **Invesco<br>V.I. Discovery<br>Large Cap Fund —<br>Series I shares** | **Invesco<br>V.I. Discovery<br>Large Cap Fund —<br>Series II Shares** | **Invesco<br>V.I. Discovery<br>Large Cap Fund —<br>Series II Shares** | **Invesco<br>V.I. Discovery Mid Cap<br>Growth Fund —<br>Series I shares** | **Invesco<br>V.I. Discovery Mid Cap<br>Growth Fund —<br>Series I shares** | **Invesco<br>V.I. Discovery Mid Cap<br>Growth Fund —<br>Series II shares** | **Invesco<br>V.I. Discovery Mid Cap<br>Growth Fund —<br>Series II shares** | **Invesco<br>V.I. EQV International<br>Equity Fund —<br>Series II shares** | **Invesco<br>V.I. EQV International<br>Equity Fund —<br>Series II shares** |
| **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| $(56832) | $(52121) | $(2381) | $(2122) | $(52701) | $(52227) | $(611) | $(572) | $7640 | $9898 |
| 154095 | 77512 | 8716 | 12562 | 45594 | 59076 | (91) | (1297) | 10312 | 16632 |
| (158120) | 1652002 | (22345) | 191365 | (276463) | 1190719 | (13710) | 49691 | 44910 | (28247) |
| 804003 |  | 101998 |  | 500555 |  | 24986 |  | 50758 | 3976 |
| **743146** | **1677393** | **85988** | **201805** | **216985** | **1197568** | **10574** | **47822** | **113620** | **2259** |
| 102393 | 107348 | 8592 | 8482 | 93482 | 101767 | 4354 | 4296 | 7616 | 8071 |
| (3030) | (3026) | (160) | (237) | (1794) | (3063) | 7 | 13 | (374) | (101) |
| (258561) | (93573) | (23606) | (399) | (151393) | (330429) |  | (3169) | (966) | (2889) |
| (14520) | 1282 | 521 | 541 | 3822 | 4882 | 266 | 567 | (2156) | (29766) |
| (205181) | (200920) | (14643) | (13824) | (180010) | (188020) | (6195) | (5918) | (12387) | (12422) |
| (7521) | (15846) | (1206) | (25661) | (34176) | (27185) | 23 | (47) | (118) | (42511) |
| **(386420)** | **(204735)** | **(30502)** | **(31098)** | **(270069)** | **(442048)** | **(1545)** | **(4258)** | **(8385)** | **(79618)** |
| **356726** | **1472658** | **55486** | **170707** | **(53084)** | **755520** | **9029** | **43564** | **105235** | **(77359)** |
| 6617086 | 5144428 | 787531 | 616824 | 6066788 | 5311268 | 248956 | 205392 | 714747 | 792106 |
| $6973812 | $6617086 | $843017 | $787531 | $6013704 | $6066788 | $257985 | $248956 | $819982 | $714747 |
| 579 | 700 | 778 | 879 | 1104 | 4015 | 76 | 86 | 3787 | 6184 |
| (1691) | (1410) | (1216) | (1360) | (2267) | (6162) | (97) | (160) | (4026) | (8667) |
| <br> **(1112)**<br>  | **(710)** | **(438)** | **(481)** | **(1163)** | **(2147)** | **(21)** | **(74)** | **(239)** | **(2483)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **<br>AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **<br>AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **<br>AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **<br>AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **<br>AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **<br>AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** |
|  | **Invesco<br>V.I. Equity and<br>Income Fund —<br>Series I Shares** | **Invesco<br>V.I. Equity and<br>Income Fund —<br>Series I Shares** | **Invesco<br>V.I. Equity and<br>Income Fund —<br>Series II shares** | **Invesco<br>V.I. Equity and<br>Income Fund —<br>Series II shares** | **Invesco<br>V.I. Global<br>Fund —<br>Series II shares** | **Invesco<br>V.I. Global<br>Fund —<br>Series II shares** |
| | **Year ended<br>December 31,<br>2025** | **Period from<br>April 26 to<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Period from<br>April 26 to<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations:** |  |  |  |  |  |  |
| Net investment income (expense) | $16600 | $14647 | $4815 | $3621 | $(15753) | $(15517) |
| Net realized gain (loss) on investments | 5272 | 8110 | 439 | 648 | 26808 | 84924 |
| Change in unrealized appreciation (depreciation) on investments | 64164 | 18611 | 11095 | 2960 | (215728) | 220746 |
| Capital gain distributions | 80430 | 55105 | 14292 | 9118 | 705109 | 218570 |
| **Increase (decrease) in net assets from operations** | **166466** | **96473** | **30641** | **16347** | **500436** | **508723** |
| **From capital transactions (note 4):** |  |  |  |  |  |  |
| Net premiums | 31646 | 19689 | 12568 | 8279 | 47045 | 46294 |
| Loan interest | 2703 | 1068 |  |  | (705) | (754) |
| Transfers for contract benefits and terminations | (14859) | (28757) |  | (28170) | (310030) | (191904) |
| Loans | (207) |  |  |  | 3071 | 2744 |
| Cost of insurance and administrative expenses | (51779) | (34021) | (12932) | (8043) | (66743) | (68780) |
| Transfers between subaccounts (including fixed account), net | (23392) | 1400608 | 8696 | 252361 | (2454) | (45206) |
| **Increase (decrease) in net assets from capital transactions** | **(55888)** | **1358587** | **8332** | **224427** | **(329816)** | **(257606)** |
| **Increase (decrease) in net assets** | **110578** | **1455060** | **38973** | **240774** | **170620** | **251117** |
| Net assets at beginning of year | 1455060 |  | 240774 |  | 3697449 | 3446332 |
| Net assets at end of year | $1565638 | $1455060 | $279747 | $240774 | $3868069 | $3697449 |
| **Change in units (note 5):** |  |  |  |  |  |  |
| Units purchased | 6281 | 215033 | 1994 | 26030 | 31460 | 36805 |
| Units redeemed | (11242) | (78574) | (1246) | (3557) | (37387) | (41938) |
| **Net increase (decrease) in units from capital transactions with policy owners** | **(4961)** | **136459** | **748** | **22473** | **(5927)** | **(5133)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued)** | **Allspring Variable Trust** | **Allspring Variable Trust** | **BNY Mellon** | **BNY Mellon** |
| **Invesco<br>V.I. Global Strategic<br>Income Fund —<br>Series I shares** | **Invesco<br>V.I. Global Strategic<br>Income Fund —<br>Series I shares** | **Invesco<br>V.I. Main Street<br>Fund<sup>®</sup> —<br>Series II shares** | **Invesco<br>V.I. Main Street<br>Fund<sup>®</sup> —<br>Series II shares** | **Invesco<br>V.I. Main Street<br>Small Cap Fund<sup>®</sup> —<br>Series II shares** | **Invesco<br>V.I. Main Street<br>Small Cap Fund<sup>®</sup> —<br>Series II shares** | **Allspring<br>VT Discovery All Cap<br>Growth Fund —<br>Class 2** | **Allspring<br>VT Discovery All Cap<br>Growth Fund —<br>Class 2** | **BNY Mellon<br>Sustainable U.S. Equity<br>Portfolio, Inc. —<br>Initial Shares** | **BNY Mellon<br>Sustainable U.S. Equity<br>Portfolio, Inc. —<br>Initial Shares** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| $38520 | $16802 | $(978) | $(7467) | $62 | $(2423) | $(200) | $(75) | $(374) | $128 |
| (3664) | (14991) | (11847) | (9372) | 17581 | 33795 | (287) | 69 | 30203 | 9211 |
| 57720 | 15279 | 177911 | 214551 | (44237) | 50445 | (60796) | 32708 | (19883) | 29506 |
|  |  | 140242 | 207329 | 113398 | 39566 | 102478 | 11660 | 15624 | 1165 |
| **92576** | **17090** | **305328** | **405041** | **86804** | **121383** | **41195** | **44362** | **25570** | **40010** |
| 48403 | 49687 | 22019 | 25779 | 8163 | 8059 | 836 | 373 | 4757 | 4106 |
| 311 | 1032 | (231) | (305) | (72) | (64) |  |  | (42) | (26) |
| (153635) | (21730) | (114203) | (44110) | (32160) | (7641) |  | (525) | (64803) | (22458) |
| 127376 | 4042 | 725 | 1178 |  | (7066) |  |  | (2956) | (2154) |
| (47692) | (48808) | (41414) | (42533) | (20890) | (20627) | (4138) | (3230) | (5998) | (6485) |
| 233 | (50587) | 1473 | (4515) | 9334 | (1168) | (1) | 17629 | (2387) | (75) |
| (25004) | (66364) | (131631) | (64506) | (35625) | (28507) | (3303) | 14247 | (71429) | (27092) |
| **67572** | **(49274)** | **173697** | **340535** | **51179** | **92876** | **37892** | **58609** | **(45859)** | **12918** |
| **744267** | **793541** | **2130996** | **1790461** | **1092520** | **999644** | **272738** | **214129** | **191351** | **178433** |
| $811839 | $744267 | $2304693 | $2130996 | $1143699 | $1092520 | $310630 | $272738 | $145492 | $191351 |
| 16365 | 5924 | 818 | 1038 | 2984 | 3035 | 13 | 298 | 178 | 476 |
| (18214) | (12255) | (3646) | (2548) | (3380) | (3377) | (60) | (61) | (1721) | (1361) |
| **(1849)**  | **(6331)** | **(2828)** | **(1510)** | **(396)** | **(342)** | **(47)** | **237** | **(1543)** | **(885)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | <br>**BlackRock Variable Series Funds, Inc.** | <br>**BlackRock Variable Series Funds, Inc.** | <br>**BlackRock Variable Series Funds, Inc.** | <br>**BlackRock Variable Series Funds, Inc.** | <br>**BlackRock Variable Series Funds, Inc.** | <br>**BlackRock Variable Series Funds, Inc.** |
|  | **BlackRock**<br>**Advantage**<br>**SMID Cap**<br>**V.I. Fund —**<br>**Class III Shares** | **BlackRock**<br>**Advantage**<br>**SMID Cap**<br>**V.I. Fund —**<br>**Class III Shares** | **BlackRock**<br>**Basic Value**<br>**V.I. Fund —**<br>**Class III Shares** | **BlackRock**<br>**Basic Value**<br>**V.I. Fund —**<br>**Class III Shares** | **BlackRock**<br>**Global Allocation**<br>**V.I. Fund —**<br>**Class III Shares** | **BlackRock**<br>**Global Allocation**<br>**V.I. Fund —**<br>**Class III Shares** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations:** |  |  |  |  |  |  |
| Net investment income (expense) | $2546 | $2236 | $4403 | $3645 | $56471 | $10807 |
| Net realized gain (loss) on investments | (1908) | (5572) | (68) | (216) | (1105) | (3313) |
| Change in unrealized appreciation (depreciation) on investments | (7152) | 23324 | 17424 | 257 | 826 | (5577) |
| Capital gain distributions | 25701 |  | 34294 | 18063 | 139626 | 70053 |
| **Increase (decrease) in net assets from operations** | **19187** | **19988** | **56053** | **21749** | **195818** | **71970** |
| **From capital transactions (note 4):** |  |  |  |  |  |  |
| Net premiums | 3131 | 3278 | 709 | 684 | 12164 | 12629 |
| Loan interest | (3) | (22) | (104) | (123) | 197 | (1) |
| Transfers for contract benefits and terminations |  | (2289) |  |  |  | (17701) |
| Loans | (6671) | 359 | 521 | 541 | (16617) | (2732) |
| Cost of insurance and administrative expenses | (4464) | (4505) | (7141) | (6662) | (21099) | (18039) |
| Transfers between subaccounts (including fixed account), net | (38) | (13939) | (53) | (174) | 430643 | (3969) |
| **Increase (decrease) in net assets from capital transactions** | **(8045)** | **(17118)** | **(6068)** | **(5734)** | **405288** | **(29813)** |
| **Increase (decrease) in net assets** | **11142** | **2870** | **49985** | **16015** | **601106** | **42157** |
| Net assets at beginning of year | 182465 | 179595 | 239337 | 223322 | 890307 | 848150 |
| Net assets at end of year | $193607 | $182465 | $289322 | $239337 | $1491413 | $890307 |
| **Change in units (note 5):** |  |  |  |  |  |  |
| Units purchased | 82 | 100 | 102 | 105 | 14307 | 3352 |
| Units redeemed | (244) | (476) | (241) | (251) | (3647) | (4305) |
| **Net increase (decrease) in units from capital transactions with policy owners** | **(162)** | **(376)** | **(139)** | **(146)** | **10660** | **(953)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **BlackRock Variable Series Funds, Inc.**<br> **(continued)** | **BlackRock Variable Series Funds, Inc.**<br> **(continued)** | **Columbia Funds Variable Series Trust II** | **Columbia Funds Variable Series Trust II** | **Columbia Funds Variable Series Trust II** | **Columbia Funds Variable Series Trust II** | **Eaton Vance Variable**<br> **Trust** | **Eaton Vance Variable**<br> **Trust** | **Federated Hermes Insurance**<br> **Series** | **Federated Hermes Insurance**<br> **Series** |
| **BlackRock**<br> **Large Cap**<br> **Focus Growth**<br> **V.I. Fund —**<br> **Class III Shares** | **BlackRock**<br> **Large Cap**<br> **Focus Growth**<br> **V.I. Fund —**<br> **Class III Shares** | **CTIVP<sup>®</sup> —**<br> **Principal**<br> **Large Cap**<br> **Growth Fund —**<br> **Class 1** | **CTIVP<sup>®</sup> —**<br> **Principal**<br> **Large Cap**<br> **Growth Fund —**<br> **Class 1** | **Columbia**<br> **Variable Portfolio —**<br> **Overseas**<br> **Core Fund —**<br> **Class 2** | **Columbia**<br> **Variable Portfolio —**<br> **Overseas**<br> **Core Fund —**<br> **Class 2** | **VT<br>Floating-Rate<br>Income Fund** | **VT<br>Floating-Rate<br>Income Fund** | **Federated<br>Hermes<br>High Income<br>Bond Fund II —<br>Primary Shares** | **Federated<br>Hermes<br>High Income<br>Bond Fund II —<br>Primary Shares** |
| **Year ended**<br> **December 31,**<br> **2025** | **Year ended<br>December 31,**<br> **2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| $(1095) | $(952) | $(2893) | $(2719) | $8217 | $19971 | $32946 | $38349 | $22134 | $17164 |
| 4524 | 8863 | 88731 | 29313 | 25212 | 8743 | (5692) | (2036) | (2199) | (3235) |
| (63058) | 137644 | 83467 | 209335 | 144745 | (14036) | (8720) | (338) | 10273 | 9837 |
| 160650 | 68272 |  |  |  |  |  |  |  |  |
| **101021** | **213827** | **169305** | **235929** | **178174** | **14678** | **18534** | **35975** | **30208** | **23766** |
| 3260 | 3635 | 8786 | 9619 | 6082 | 5809 | 3024 | 3141 | 8560 | 10495 |
|  |  | (353) | (365) | (92) | (64) |  |  | (765) | (1096) |
|  | (32514) | (113700) | (27338) | (46919) | (15262) | (7187) | (43061) | (15743) | (22475) |
|  |  |  | 359 | 1834 |  |  |  | (10353) | (152) |
| (14945) | (13158) | (15233) | (15503) | (10889) | (10193) | (7079) | (7189) | (39509) | (33371) |
| (34) | 13466 | 4132 | 4478 | (375) | (8200) | (13357) | 7280 | 478 | 114528 |
| **(11719)** | **(28571)** | **(116368)** | **(28750)** | **(50359)** | **(27910)** | **(24599)** | **(39829)** | **(57332)** | **67929** |
| **89302** | **185256** | **52937** | **207179** | **127815** | **(13232)** | **(6065)** | **(3854)** | **(27124)** | **91695** |
| 896624 | 711368 | 1332778 | 1125599 | 505794 | 519026 | 513771 | 517625 | 451999 | 360304 |
| $985926 | $896624 | $1385715 | $1332778 | $633609 | $505794 | $507706 | $513771 | $424875 | $451999 |
| 66 | 294 | 267 | 513 | 9521 | 13816 | 11277 | 10461 | 1675 | 4379 |
| (207) | (702) | (3591) | (1455) | (12338) | (15686) | (12443) | (12309) | (2815) | (2750) |
| <br> **(141)**<br>  | **(408)** | **(3324)** | **(942)** | **(2817)** | **(1870)** | **(1166)** | **(1848)** | **(1140)** | **1629** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | <br>**Federated Hermes Insurance Series (continued)** | <br>**Federated Hermes Insurance Series (continued)** | <br>**Federated Hermes Insurance Series (continued)** | <br>**Federated Hermes Insurance Series (continued)** | <br>**Federated Hermes Insurance Series (continued)** | <br>**Federated Hermes Insurance Series (continued)** |
|  | **Federated<br>Hermes High Income<br>Bond Fund II —<br>Service Shares** | **Federated<br>Hermes High Income<br>Bond Fund II —<br>Service Shares** | **Federated<br>Hermes Kaufmann<br>Fund II —<br>Service Shares** | **Federated<br>Hermes Kaufmann<br>Fund II —<br>Service Shares** | **Federated<br>Hermes**<br>**Managed<br>Volatility Fund II —<br>Primary Shares** | **Federated<br>Hermes**<br>**Managed<br>Volatility Fund II —<br>Primary Shares** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations:** |  |  |  |  |  |  |
| Net investment income (expense) | $47296 | $42234 | $(1979) | $3871 | $10938 | $8497 |
| Net realized gain (loss) on investments | (7500) | (9252) | 3568 | 1833 | 2625 | 941 |
| Change in unrealized appreciation (depreciation) on investments | 26173 | 12588 | (5532) | 103713 | 8574 | 66394 |
| Capital gain distributions |  |  | 105681 | 27046 | 9262 |  |
| **Increase (decrease) in net assets from operations** | **65969** | **45570** | **101738** | **136463** | **31399** | **75832** |
| **From capital transactions (note 4):** |  |  |  |  |  |  |
| Net premiums | 12330 | 11950 | 6475 | 6561 | 21431 | 21486 |
| Loan interest | 42 | 63 | (10) | 31 | (2599) | (3224) |
| Transfers for contract benefits and terminations | (30295) | (46765) | (79484) | (68612) | (18841) | (38648) |
| Loans |  | 335 |  | 3562 | (411) | (197) |
| Cost of insurance and administrative expenses | (19500) | (20731) | (18512) | (18402) | (30019) | (29710) |
| Transfers between subaccounts (including fixed account), net | (558) | 3665 | (8588) | (21974) | 1529 | (57582) |
| **Increase (decrease) in net assets from capital transactions** | **(37981)** | **(51483)** | **(100119)** | **(98834)** | **(28910)** | **(107875)** |
| **Increase (decrease) in net assets** | **27988** | **(5913)** | **1619** | **37629** | **2489** | **(32043)** |
| Net assets at beginning of year | 846800 | 852713 | 934997 | 897368 | 531990 | 564033 |
| Net assets at end of year | $874788 | $846800 | $936616 | $934997 | $534479 | $531990 |
| **Change in units (note 5):** |  |  |  |  |  |  |
| Units purchased | 10368 | 4036 | 2862 | 669 | 1121 | 1154 |
| Units redeemed | (11312) | (5470) | (4059) | (2203) | (1795) | (3791) |
| Net increase (decrease) in units from capital transactions with policy owners | (944) | (1434) | (1197) | (1534) | (674) | (2637) |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund** |
| **VIP**<br>**Asset Manager<br>50% Portfolio —<br>Initial Class** | **VIP**<br>**Asset Manager<br>50% Portfolio —<br>Initial Class** | **VIP<br>Asset Manager<br>50% Portfolio —<br>Service Class 2** | **VIP<br>Asset Manager<br>50% Portfolio —<br>Service Class 2** | **VIP<br>Balanced<br>Portfolio —<br>Service Class 2** | **VIP<br>Balanced<br>Portfolio —<br>Service Class 2** | **VIP<br>Contrafund<sup>®</sup><br>Portfolio —<br>Initial Class** | **VIP<br>Contrafund<sup>®</sup><br>Portfolio —<br>Initial Class** | **VIP<br>Contrafund<sup>®</sup><br>Portfolio —<br>Service Class 2** | **VIP<br>Contrafund<sup>®</sup><br>Portfolio —<br>Service Class 2** |
| **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| $68027 | $58889 | $2698 | $2300 | $11215 | $11152 | $(197826) | $(172013) | $(31429) | $(26400) |
| 55608 | 70984 | 536 | 448 | 12465 | 11018 | 1029904 | 1048384 | 542528 | 796236 |
| 246037 | 171132 | 8673 | 5369 | 48300 | 58664 | (194348) | 2361938 | (335963) | 437834 |
| 196889 | 27983 | 6211 | 801 | 40713 | 23774 | 3720718 | 2499242 | 1366662 | 934270 |
| **566561** | **328988** | **18118** | **8918** | **112693** | **104608** | **4358448** | **5737551** | **1541798** | **2141940** |
| 91152 | 86042 | 8517 | 8269 | 6143 | 6212 | 249815 | 271231 | 67841 | 66081 |
| 3794 | 1316 | 11 | 19 | (15) | (22) | 7253 | (3949) | (1707) | (1601) |
| (252964) | (426117) |  |  |  | (4878) | (1188539) | (1144915) | (704172) | (730473) |
| 90297 | 3450 |  |  | (12537) | 359 | (29060) | (20959) | (28517) | (8001) |
| (179431) | (182965) | (5479) | (5098) | (15612) | (14918) | (657648) | (631625) | (158731) | (153351) |
| (15796) | (18465) | 1 | 1 | (702) | (659) | (125876) | (6169) | (63832) | (104943) |
| **(262948)** | **(536739)** | **3050** | **3191** | **(22723)** | **(13906)** | **(1744055)** | **(1536386)** | **(889118)** | **(932288)** |
| **303613** | **(207751)** | **21168** | **12109** | **89970** | **90702** | **2614393** | **4201165** | **652680** | **1209652** |
| 4212019 | 4419770 | 127087 | 114978 | 775964 | 685262 | 22237696 | 18036531 | 8025145 | 6815493 |
| $4515632 | $4212019 | $148255 | $127087 | $865934 | $775964 | $24852089 | $22237696 | $8677825 | $8025145 |
| 3218 | 2174 | 315 | 330 | 943 | 993 | 4074 | 4633 | 25891 | 28469 |
| (6440) | (9270) | (203) | (205) | (1474) | (1354) | (10997) | (11722) | (35330) | (41093) |
| **(3222)**  | **(7096)** | **112** | **125** | **(531)** | **(361)** | **(6923)** | **(7089)** | **(9439)** | **(12624)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | <br>**Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | <br>**Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | <br>**Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | <br>**Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | <br>**Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | <br>**Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** |
|  | **VIP<br>Dynamic Capital<br>Appreciation Portfolio —<br>Service Class 2** | **VIP<br>Dynamic Capital<br>Appreciation Portfolio —<br>Service Class 2** | **VIP<br>Equity-Income<br>Portfolio<sup>SM</sup> —<br>Initial Class** | **VIP<br>Equity-Income<br>Portfolio<sup>SM</sup> —<br>Initial Class** | **VIP<br>Equity-Income<br>Portfolio<sup>SM</sup> —<br>Service Class 2** | **VIP<br>Equity-Income<br>Portfolio<sup>SM</sup> —<br>Service Class 2** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations:** |  |  |  |  |  |  |
| Net investment income (expense) | $(839) | $(2072) | $84053 | $74298 | $33089 | $30386 |
| Net realized gain (loss) on investments | (14655) | 65638 | 236670 | 285507 | 38509 | 32176 |
| Change in unrealized appreciation (depreciation) on investments | 4238 | (4124) | 723421 | 332125 | 203266 | 113273 |
| Capital gain distributions | 69325 | 15350 | 523417 | 516694 | 146806 | 144950 |
| **Increase (decrease) in net assets from operations** | **58069** | **74792** | **1567561** | **1208624** | **421670** | **320785** |
| **From capital transactions (note 4):** |  |  |  |  |  |  |
| Net premiums | 966 | 1228 | 130006 | 138363 | 40412 | 39170 |
| Loan interest | (83) | (80) | (5967) | (18030) | (77) | (100) |
| Transfers for contract benefits and terminations | (18128) |  | (386182) | (575003) | (130394) | (115810) |
| Loans | (5475) | 328 | 110873 | (33491) | (8376) | (19) |
| Cost of insurance and administrative expenses | (3789) | (3690) | (343638) | (343434) | (74943) | (72290) |
| Transfers between subaccounts (including fixed account), net | 9478 | (28418) | (96611) | (313950) | (3781) | (18532) |
| **Increase (decrease) in net assets from capital transactions** | **(17031)** | **(30632)** | **(591519)** | **(1145545)** | **(177159)** | **(167581)** |
| **Increase (decrease) in net assets** | **41038** | **44160** | **976042** | **63079** | **244511** | **153204** |
| Net assets at beginning of year | 356242 | 312082 | 8957624 | 8894545 | 2429210 | 2276006 |
| Net assets at end of year | $397280 | $356242 | $9933666 | $8957624 | $2673721 | $2429210 |
| **Change in units (note 5):** |  |  |  |  |  |  |
| Units purchased | 6012 | 5855 | 3676 | 3236 | 1521 | 1676 |
| Units redeemed | (6208) | (6223) | (6551) | (10123) | (5181) | (5518) |
| **Net increase (decrease) in units from capital transactions with policy owners** | **(196)** | **(368)** | **(2875)** | **(6887)** | **(3660)** | **(3842)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** |
| **VIP<br>Growth & Income<br>Portfolio —<br>Initial Class** | **VIP<br>Growth & Income<br>Portfolio —<br>Initial Class** | **VIP<br>Growth & Income<br>Portfolio —<br>Service Class 2** | **VIP<br>Growth & Income<br>Portfolio —<br>Service Class 2** | **VIP<br>Growth Opportunities<br>Portfolio —<br>Initial Class** | **VIP<br>Growth Opportunities<br>Portfolio —<br>Initial Class** | **VIP<br>Growth**<br> **Portfolio —<br>Initial Class** | **VIP<br>Growth**<br> **Portfolio —<br>Initial Class** | **VIP<br>Growth**<br> **Portfolio —<br>Service Class 2** | **VIP<br>Growth**<br> **Portfolio —<br>Service Class 2** |
| **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| $18897 | $14184 | $17086 | $15527 | $(14753) | $(13690) | $(144952) | $(195614) | $(19290) | $(19616) |
| 120877 | 118529 | 111273 | 47967 | 274773 | 292816 | 519374 | 963383 | 225147 | 117459 |
| 87698 | 138553 | 35492 | 139937 | 45636 | 231537 | (319313) | (180522) | (192895) | (18497) |
| 229520 | 144051 | 157983 | 109567 | 29291 |  | 2892121 | 4594837 | 579364 | 1011092 |
| **456992** | **415317** | **321834** | **312998** | **334947** | **510663** | **2947230** | **5182084** | **592326** | **1090438** |
| 42314 | 46647 | 19795 | 21367 | 28946 | 27544 | 201585 | 203648 | 38358 | 35529 |
| (831) | (8926) | (119) | (176) | (917) | 29 | (13842) | (24332) | (1428) | (1989) |
| (40760) | (76068) | (211819) | (82803) | (283645) | (15810) | (761665) | (819598) | (735741) | (96468) |
| 4806 | 3706 | (36236) | (156) | 12209 | (6615) | 96188 | (82357) | 3105 | 2184 |
| (98251) | (92897) | (32495) | (34120) | (76264) | (67678) | (486483) | (496840) | (90297) | (93373) |
| 11655 | (868) | (8179) | (9364) | (55896) | 70052 | (197483) | (231732) | (37922) | (30109) |
| **(81067)** | **(128406)** | **(269053)** | **(105252)** | **(375567)** | **7522** | **(1161700)** | **(1451211)** | **(823925)** | **(184226)** |
| **375925** | **286911** | **52781** | **207746** | **(40620)** | **518185** | **1785530** | **3730873** | **(231599)** | **906212** |
| 2267555 | 1980644 | 1661657 | 1453911 | 1845914 | 1327729 | 21858821 | 18127948 | 4698201 | 3791989 |
| $2643480 | $2267555 | $1714438 | $1661657 | $1805294 | $1845914 | $23644351 | $21858821 | $4466602 | $4698201 |
| 4551 | 4380 | 556 | 529 | 12562 | 14112 | 4441 | 4283 | 3418 | 2925 |
| (5416) | (6060) | (5282) | (2823) | (15784) | (13835) | (6986) | (7931) | (15425) | (6243) |
| **(865)**  | **(1680)** | **(4726)** | **(2294)** | **(3222)** | **277** | **(2545)** | **(3648)** | **(12007)** | **(3318)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | <br>**Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | <br>**Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | <br>**Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | <br>**Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | <br>**Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** | <br>**Fidelity<sup>®</sup> Variable Insurance Products Fund (continued)** |
|  | **VIP<br>Mid Cap<br>Portfolio —<br>Service Class 2** | **VIP<br>Mid Cap<br>Portfolio —<br>Service Class 2** | **VIP<br>Overseas<br>Portfolio —<br>Initial Class** | **VIP<br>Overseas<br>Portfolio —<br>Initial Class** | **VIP<br>Value Strategies<br>Portfolio —<br>Service Class 2** | **VIP<br>Value Strategies<br>Portfolio —<br>Service Class 2** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations:** |  |  |  |  |  |  |
| Net investment income (expense) | $(16922) | $(10576) | $24341 | $22583 | $4086 | $4120 |
| Net realized gain (loss) on investments | (84207) | 213697 | 112435 | 117950 | (14874) | 36075 |
| Change in unrealized appreciation (depreciation) on investments | 8374 | (126104) | 123762 | (169398) | 29385 | (69790) |
| Capital gain distributions | 603402 | 689557 | 289590 | 133734 | 23444 | 84156 |
| **Increase (decrease) in net assets from operations** | **510647** | **766574** | **550128** | **104869** | **42041** | **54561** |
| **From capital transactions (note 4):** |  |  |  |  |  |  |
| Net premiums | 80650 | 83325 | 109659 | 106399 | 2748 | 3374 |
| Loan interest | 1098 | 742 | 7023 | 4058 | (55) | (143) |
| Transfers for contract benefits and terminations | (452906) | (304080) | (79025) | (69923) | (27332) | (72309) |
| Loans | (12413) | 3889 | 81009 | (18479) | (9128) | (15165) |
| Cost of insurance and administrative expenses | (146767) | (150262) | (150545) | (137444) | (4098) | (5026) |
| Transfers between subaccounts (including fixed account), net | 3060 | (188) | (13338) | 126004 | 3706 | (12008) |
| **Increase (decrease) in net assets from capital transactions** | **(527278)** | **(366574)** | **(45217)** | **10615** | **(34159)** | **(101277)** |
| **Increase (decrease) in net assets** | **(16631)** | **400000** | **504911** | **115484** | **7882** | **(46716)** |
| Net assets at beginning of year | 5244975 | 4844975 | 2856242 | 2740758 | 600720 | 647436 |
| Net assets at end of year | $5228344 | $5244975 | $3361153 | $2856242 | $608602 | $600720 |
| **Change in units (note 5):** |  |  |  |  |  |  |
| Units purchased | 22559 | 21185 | 14098 | 12599 | 4174 | 12960 |
| Units redeemed | (28588) | (25927) | (14423) | (13060) | (4809) | (14930) |
| **Net increase (decrease) in units from capital transactions with policy owners** | **(6029)** | **(4742)** | **(325)** | **(461)** | **(635)** | **(1970)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Franklin Templeton Variable Insurance Products Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Franklin Templeton Variable Insurance Products Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Franklin Templeton Variable Insurance Products Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Franklin Templeton Variable Insurance Products Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Franklin Templeton Variable Insurance Products Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Franklin Templeton Variable Insurance Products Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Franklin Templeton Variable Insurance Products Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Franklin Templeton Variable Insurance Products Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Franklin Templeton Variable Insurance Products Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Franklin Templeton Variable Insurance Products Trust** |
| **Franklin<br>Income<br>VIP Fund —<br>Class 2 Shares** | **Franklin<br>Income<br>VIP Fund —<br>Class 2 Shares** | **Franklin<br>Mutual Shares<br>VIP Fund —<br>Class 2 Shares** | **Franklin<br>Mutual Shares<br>VIP Fund —<br>Class 2 Shares** | **Templeton<br>Foreign<br>VIP Fund —<br>Class 1 Shares** | **Templeton<br>Foreign<br>VIP Fund —<br>Class 1 Shares** | **Templeton<br>Global Bond<br>VIP Fund —<br>Class 1 Shares** | **Templeton<br>Global Bond<br>VIP Fund —<br>Class 1 Shares** | **Templeton<br>Growth<br>VIP Fund —<br>Class 2 Shares** | **Templeton<br>Growth<br>VIP Fund —<br>Class 2 Shares** |
| **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| $42923 | $43408 | $6642 | $5992 | $8018 | $8618 | $(9175) | $(9311) | $1020 | $1012 |
| 990 | (1974) | (5268) | 3068 | 13574 | 29815 | (8373) | (19622) | 2428 | 2635 |
| 49868 | 13217 | 813 | 18219 | 69365 | (44948) | 125840 | (76385) | 14506 | 2025 |
| 9153 | 3604 | 36008 | 6879 | 31368 |  |  |  | 9729 | 384 |
| **102934** | **58255** | **38195** | **34158** | **122325** | **(6515)** | **108292** | **(105318)** | **27683** | **6056** |
| 6362 | 6786 | 2013 | 2528 | 7314 | 9216 | 28462 | 34442 | 851 | 840 |
| 16 | 18 | 13 | 10 | (296) | (329) | (105) | (116) | 17 | 7 |
| (43032) | (10924) |  | (33954) | (1704) | (31966) | (14087) | (42503) |  | (1201) |
| (1413) | (4002) | 1229 |  | (3500) |  |  | 683 | 46 | 17 |
| (16444) | (19397) | (5013) | (4825) | (20810) | (22819) | (34862) | (39264) | (3172) | (2902) |
| 1543 | 3161 | 2852 | (3486) | (24045) | (10785) | 20228 | 2459 | (1096) | (4) |
| **(52968)** | **(24358)** | **1094** | **(39727)** | **(43041)** | **(56683)** | **(364)** | **(44299)** | **(3354)** | **(3243)** |
| **49966** | **33897** | **39289** | **(5569)** | **79284** | **(63198)** | **107928** | **(149617)** | **24329** | **2813** |
| 865069 | 831172 | 337597 | 343166 | 461481 | 524679 | 740845 | 890462 | 117811 | 114998 |
| $915035 | $865069 | $376886 | $337597 | $540765 | $461481 | $848773 | $740845 | $142140 | $117811 |
| 4635 | 7975 | 3842 | 9919 | 12377 | 20147 | 5607 | 4891 | 1535 | 1537 |
| (6247) | (8791) | (3799) | (11517) | (14531) | (23188) | (5718) | (7601) | (1687) | (1715) |
| **(1612)** | **(816)** | **43** | **(1598)** | **(2154)** | **(3041)** | **(111)** | **(2710)** | **(152)** | **(178)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | <br>**Goldman Sachs Variable Insurance Trust** | <br>**Goldman Sachs Variable Insurance Trust** | <br>**Goldman Sachs Variable Insurance Trust** | <br>**Goldman Sachs Variable Insurance Trust** | <br>**Goldman Sachs Variable Insurance Trust** | <br>**Goldman Sachs Variable Insurance Trust** |
|  | **Goldman Sachs<br>Government Money<br>Market Fund —<br>Service Shares** | **Goldman Sachs<br>Government Money<br>Market Fund —<br>Service Shares** | **Goldman Sachs<br>Large Cap<br>Value Fund —<br>Institutional Shares** | **Goldman Sachs<br>Large Cap<br>Value Fund —<br>Institutional Shares** | **Goldman Sachs<br>Mid Cap<br>Value Fund —<br>Institutional Shares** | **Goldman Sachs<br>Mid Cap<br>Value Fund —<br>Institutional Shares** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations:** |  |  |  |  |  |  |
| Net investment income (expense) | $293758 | $402408 | $2956 | $4933 | $12284 | $5365 |
| Net realized gain (loss) on investments |  |  | (11007) | 21110 | 45552 | 42236 |
| Change in unrealized appreciation (depreciation) on investments |  |  | (42043) | 8351 | (152932) | 155880 |
| Capital gain distributions |  |  | 153705 | 124711 | 451675 | 240625 |
| **Increase (decrease) in net assets from operations** | **293758** | **402408** | **103611** | **159105** | **356579** | **444106** |
| **From capital transactions (note 4):** |  |  |  |  |  |  |
| Net premiums | 451398 | 539943 | 10426 | 11448 | 52824 | 55680 |
| Loan interest | (1266) | 351 | (31) | (255) | (3762) | (5746) |
| Transfers for contract benefits and terminations | (579777) | (1134800) | (1388) | (29200) | (288698) | (177283) |
| Loans | 305947 | (1010438) |  |  | 155723 | 1487 |
| Cost of insurance and administrative expenses | (608401) | (625798) | (23730) | (23425) | (99679) | (106551) |
| Transfers between subaccounts (including fixed account), net | 645703 | 1921293 | 34524 | (68459) | (20815) | 4897 |
| **Increase (decrease) in net assets from capital transactions** | **213604** | **(309449)** | **19801** | **(109891)** | **(204407)** | **(227516)** |
| **Increase (decrease) in net assets** | **507362** | **92959** | **123412** | **49214** | **152172** | **216590** |
| Net assets at beginning of year | 9479472 | 9386513 | 1035034 | 985820 | 4173112 | 3956522 |
| Net assets at end of year | $9986834 | $9479472 | $1158446 | $1035034 | $4325284 | $4173112 |
| **Change in units (note 5):** |  |  |  |  |  |  |
| Units purchased | 432422 | 861898 | 13692 | 13104 | 9859 | 9434 |
| Units redeemed | (410611) | (882754) | (13169) | (16505) | (12378) | (12539) |
| **Net increase (decrease) in units from capital transactions with policy owners** | **21811** | **(20856)** | **523** | **(3401)** | **(2519)** | **(3105)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Janus Aspen Series** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Janus Aspen Series** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Janus Aspen Series** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Janus Aspen Series** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Janus Aspen Series** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Janus Aspen Series** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Janus Aspen Series** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Janus Aspen Series** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Janus Aspen Series** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Janus Aspen Series** |
| **Janus<br>Henderson<br>Balanced Portfolio —<br>Institutional Shares** | **Janus<br>Henderson<br>Balanced Portfolio —<br>Institutional Shares** | **Janus<br>Henderson<br>Balanced Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Balanced Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Enterprise Portfolio —<br>Institutional Shares** | **Janus<br>Henderson<br>Enterprise Portfolio —<br>Institutional Shares** | **Janus<br>Henderson<br>Enterprise Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Enterprise Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Flexible Bond Portfolio —<br>Institutional Shares** | **Janus<br>Henderson<br>Flexible Bond Portfolio —<br>Institutional Shares** |
| **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| $76690 | $73583 | $38195 | $37033 | $(49482) | $(7225) | $(3453) | $2379 | $67806 | $56874 |
| 279309 | 457326 | 216264 | 158947 | 183295 | 265945 | 8603 | 21469 | (29259) | (72034) |
| 321974 | 378574 | 73908 | 204497 | (209394) | 703456 | (26212) | 92201 | 57113 | 31895 |
| 225095 |  | 98295 |  | 745179 | 401234 | 109440 | 56848 |  |  |
| **903068** | **909483** | **426662** | **400477** | **669598** | **1363410** | **88378** | **172897** | **95660** | **16735** |
| 121809 | 118175 | 66773 | 66454 | 203601 | 207255 | 14638 | 15956 | 30694 | 34602 |
| (8170) | (14192) | 77 | (38) | (402) | (4392) | (71) | (116) | (355) | 17120 |
| (229541) | (651263) | (110554) | (123414) | (305190) | (740955) | (10246) | (101305) | (1121) | (38646) |
| (10102) | (13348) | (10876) | (1276) | 75425 | (38446) | 1219 | 143 | 11294 |  |
| (242225) | (247466) | (90703) | (87004) | (318308) | (327526) | (29467) | (30173) | (26897) | (37181) |
| 157132 | (116265) | (14680) | 3575 | (19294) | (94813) | (4553) | 4875 | 49073 | (101874) |
| **(211097)** | **(924359)** | **(159963)** | **(141703)** | **(364168)** | **(998877)** | **(28480)** | **(110620)** | **62688** | **(125979)** |
| **691971** | **(14876)** | **266699** | **258774** | **305430** | **364533** | **59898** | **62277** | **158348** | **(109244)** |
| 6623375 | 6638251 | 3085435 | 2826661 | 10069416 | 9704883 | 1287372 | 1225095 | 1445813 | 1555057 |
| $7315346 | $6623375 | $3352134 | $3085435 | $10374846 | $10069416 | $1347270 | $1287372 | $1604161 | $1445813 |
| 6474 | 7329 | 16383 | 12489 | 2926 | 2310 | 553 | 860 | 14866 | 17644 |
| (8282) | (16150) | (19558) | (15382) | (4814) | (8294) | (1322) | (3864) | (12786) | (22245) |
| **(1808)** | **(8821)** | **(3175)** | **(2893)** | **(1888)** | **(5984)** | **(769)** | **(3004)** | **2080** | **(4601)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | <br>**Janus Aspen Series (continued)** | <br>**Janus Aspen Series (continued)** | <br>**Janus Aspen Series (continued)** | <br>**Janus Aspen Series (continued)** | <br>**Janus Aspen Series (continued)** | <br>**Janus Aspen Series (continued)** |
|  | **Janus<br>Henderson<br>Forty Portfolio —<br>Institutional Shares** | **Janus<br>Henderson<br>Forty Portfolio —<br>Institutional Shares** | **Janus<br>Henderson<br>Forty Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Forty Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Global Research<br>Portfolio —<br>Institutional Shares** | **Janus<br>Henderson<br>Global Research<br>Portfolio —<br>Institutional Shares** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations:** |  |  |  |  |  |  |
| Net investment income (expense) | $(45573) | $(57038) | $(3876) | $(8583) | $(4893) | $(4777) |
| Net realized gain (loss) on investments | 386159 | 353081 | 25253 | 45323 | 265679 | 257040 |
| Change in unrealized appreciation (depreciation) on investments | (28927) | 997465 | 42969 | 300197 | 425663 | 847165 |
| Capital gain distributions | 921081 | 407970 | 278898 | 122229 | 603419 | 208825 |
| **Increase (decrease) in net assets from operations** | **1232740** | **1701478** | **343244** | **459166** | **1289868** | **1308253** |
| **From capital transactions (note 4):** |  |  |  |  |  |  |
| Net premiums | 85445 | 88457 | 22969 | 22823 | 152934 | 156270 |
| Loan interest | (2626) | (3511) | (64) | (57) | (682) | (1797) |
| Transfers for contract benefits and terminations | (363054) | (86520) | (29713) | (106317) | (378644) | (372053) |
| Loans | (10495) | (6120) |  | 3 | 93881 | (7629) |
| Cost of insurance and administrative expenses | (241011) | (244176) | (57534) | (55285) | (241370) | (241469) |
| Transfers between subaccounts (including fixed account), net | (256499) | (64388) | 18187 | 3602 | (18635) | (25642) |
| **Increase (decrease) in net assets from capital transactions** | **(788240)** | **(316258)** | **(46155)** | **(135231)** | **(392516)** | **(492320)** |
| **Increase (decrease) in net assets** | **444500** | **1385220** | **297089** | **323935** | **897352** | **815933** |
| Net assets at beginning of year | 7759280 | 6374060 | 2001399 | 1677464 | 6715067 | 5899134 |
| Net assets at end of year | $8203780 | $7759280 | $2298488 | $2001399 | $7612419 | $6715067 |
| **Change in units (note 5):** |  |  |  |  |  |  |
| Units purchased | 6432 | 6676 | 797 | 657 | 2685 | 2155 |
| Units redeemed | (10034) | (8395) | (1428) | (2773) | (6499) | (7583) |
| **Net increase (decrease) in units from capital transactions with policy owners** | **(3602)** | **(1719)** | **(631)** | **(2116)** | **(3814)** | **(5428)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** |
| **Janus<br>Henderson<br>Global Research<br>Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Global Research<br>Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Global Technology<br>and Innovation<br>Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Global Technology<br>and Innovation<br>Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Overseas<br>Portfolio —<br>Institutional Shares** | **Janus<br>Henderson<br>Overseas<br>Portfolio —<br>Institutional Shares** | **Janus<br>Henderson<br>Overseas<br>Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Overseas<br>Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Research<br>Portfolio —<br>Institutional Shares** | **Janus<br>Henderson<br>Research<br>Portfolio —<br>Institutional Shares** |
| **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| $946 | $927 | $(12246) | $(10631) | $17073 | $12859 | $1802 | $1588 | $(74051) | $(77695) |
| 27712 | 30881 | 44932 | 80680 | 205355 | 167781 | 17629 | 1747 | 594929 | 409752 |
| 44776 | 83324 | 222980 | 384335 | 573655 | (22025) | 24363 | 4949 | 308797 | 2027676 |
| 67954 | 22755 | 186399 |  |  |  |  |  | 727729 | 259915 |
| **141388** | **137887** | **442065** | **454384** | **796083** | **158615** | **43794** | **8284** | **1557404** | **2619648** |
| 14801 | 14749 | 24296 | 21699 | 59289 | 64672 | (146) | 146 | 109323 | 118355 |
| (204) | (130) | (355) | (626) | (1155) | (1963) | (225) | (211) | (4165) | (13457) |
| (28699) | (52499) | (18885) | (63788) | (158914) | (147427) |  | (511) | (837783) | (371221) |
| (10688) | (54) | 11513 | (6066) | 4644 | 690 |  |  | 16429 | 11859 |
| (17099) | (14599) | (53035) | (48689) | (85772) | (84806) | (5413) | (5018) | (258719) | (252914) |
| 17828 | 16822 | 21942 | 1933 | 8486 | (44834) | 224 | (3) | (37985) | (155803) |
| **(24061)** | **(35711)** | **(14524)** | **(95537)** | **(173422)** | **(213668)** | **(5560)** | **(5597)** | **(1012900)** | **(663181)** |
| **117327** | **102176** | **427541** | **358847** | **622661** | **(55053)** | **38234** | **2687** | **544504** | **1956467** |
| 739164 | 636988 | 1852964 | 1494117 | 3024902 | 3079955 | 158926 | 156239 | 9898931 | 7942464 |
| $856491 | $739164 | $2280505 | $1852964 | $3647563 | $3024902 | $197160 | $158926 | $10443435 | $9898931 |
| 1780 | 1962 | 2900 | 4100 | 13511 | 12287 | 2377 | 13 | 2911 | 3429 |
| (2848) | (3504) | (3192) | (6191) | (16027) | (15927) | (2589) | (241) | (9579) | (8490) |
| **(1068)**  | **(1542)** | **(292)** | **(2091)** | **(2516)** | **(3640)** | **(212)** | **(228)** | **(6668)** | **(5061)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Janus Aspen Series (continued)** | **Legg Mason Partners<br>Variable Equity Trust** | **Legg Mason Partners<br>Variable Equity Trust** |
|  | **Janus<br>Henderson<br>Research<br>Portfolio —<br>Service Shares** | **Janus<br>Henderson<br>Research<br>Portfolio —<br>Service Shares** | **ClearBridge Variable<br>Dividend Strategy<br>Portfolio —<br>Class I** | **ClearBridge Variable<br>Dividend Strategy<br>Portfolio —<br>Class I** | **ClearBridge<br>Variable<br>Dividend<br>Strategy Portfolio —<br>Class II** | **ClearBridge<br>Variable<br>Dividend<br>Strategy Portfolio —<br>Class II** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations:** |  |  |  |  |  |  |
| Net investment income (expense) | $(2233) | $(2456) | $10767 | $3459 | $342 | $112 |
| Net realized gain (loss) on investments | 8307 | 17640 | (90) | 11037 | 80 | 97 |
| Change in unrealized appreciation (depreciation) on investments | 35419 | 99218 | (37597) | 18905 | (1210) | 685 |
| Capital gain distributions | 40562 | 13437 | 125824 | 104739 | 3844 | 2705 |
| **Increase (decrease) in net assets from operations** | **82055** | **127839** | **98904** | **138140** | **3056** | **3599** |
| **From capital transactions (note 4):** |  |  |  |  |  |  |
| Net premiums | 7060 | 6506 | 14949 | 14843 | 290 | 290 |
| Loan interest |  | (86) | (4950) | (5026) |  |  |
| Transfers for contract benefits and terminations | (12270) | (29303) | (18) | (86195) |  |  |
| Loans |  | 573 | (2741) | (4895) |  |  |
| Cost of insurance and administrative expenses | (10865) | (9156) | (23241) | (23444) | (361) | (392) |
| Transfers between subaccounts (including fixed account), net | 1210 | 19540 | (114300) | 37290 | (2) | (2) |
| **Increase (decrease) in net assets from capital transactions** | **(14865)** | **(11926)** | **(130301)** | **(67427)** | **(73)** | **(104)** |
| **Increase (decrease) in net assets** | **67190** | **115913** | **(31397)** | **70713** | **2983** | **3495** |
| Net assets at beginning of year | 500157 | 384244 | 955241 | 884528 | 26222 | 22727 |
| Net assets at end of year | $567347 | $500157 | $923844 | $955241 | $29205 | $26222 |
| **Change in units (note 5):** |  |  |  |  |  |  |
| Units purchased | 170 | 769 | 7624 | 7658 | 8 | 8 |
| Units redeemed | (584) | (1048) | (10909) | (9445) | (9) | (11) |
| **Net increase (decrease) in units from capital transactions with policy owners** | **(414)** | **(279)** | **(3285)** | **(1787)** | **(1)** | **(3)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Legg Mason Partners Variable Equity Trust (continued)** | **Legg Mason Partners Variable Equity Trust (continued)** | **Legg Mason Partners Variable Equity Trust (continued)** | **Legg Mason Partners Variable Equity Trust (continued)** | **Lincoln Variable<br>Insurance Products Trust** | **Lincoln Variable<br>Insurance Products Trust** | **MFS<sup>®</sup> Variable Insurance Trust** | **MFS<sup>®</sup> Variable Insurance Trust** | **MFS<sup>®</sup> Variable Insurance Trust** | **MFS<sup>®</sup> Variable Insurance Trust** |
| **ClearBridge<br>Variable<br>Growth Portfolio —<br>Class II** | **ClearBridge<br>Variable<br>Growth Portfolio —<br>Class II** | **ClearBridge<br>Variable<br>Large Cap<br>Value Portfolio —<br>Class I** | **ClearBridge<br>Variable<br>Large Cap<br>Value Portfolio —<br>Class I** | **LVIP<br>American<br>Century Inflation<br>Protection Fund —<br>Service Class** | **LVIP<br>American<br>Century Inflation<br>Protection Fund —<br>Service Class** | **MFS<sup>®</sup><br>Investors Trust<br>Series —<br>Service<br>Class Shares** | **MFS<sup>®</sup><br>Investors Trust<br>Series —<br>Service<br>Class Shares** | **MFS<sup>®</sup><br>New Discovery<br>Series —<br>Service<br>Class Shares** | **MFS<sup>®</sup><br>New Discovery<br>Series —<br>Service<br>Class Shares** |
| **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| $(488) | $(54) | $3864 | $5088 | $12285 | $7228 | $2627 | $1762 | $(3494) | $(3655) |
| (5569) | (13783) | (18218) | 7061 | (5198) | (2306) | 7356 | 2409 | (21934) | (59041) |
| (9711) | (41507) | 6588 | (78134) | 4256 | (2205) | (164722) | 44515 | 127379 | 114820 |
| 58964 | 93421 | 81980 | 132752 |  |  | 221350 | 36500 |  |  |
| **43196** | **38077** | **74214** | **66767** | **11343** | **2717** | **66611** | **85186** | **101951** | **52124** |
| 3470 | 3712 | 22039 | 23219 | 2176 | 2175 | 1307 | 3660 | 19274 | 18928 |
| 10 | 36 | (184) | (809) |  |  | (34) | (70) | 111 | 58 |
| (1347) | (2674) | (55490) | (81012) | (24736) | (4650) | (27308) |  | (56982) | (56830) |
| (3561) | (6837) | 20133 | 655 | (8586) |  | (1190) | 279 | (5864) | 945 |
| (5914) | (5554) | (33836) | (40266) | (3383) | (3549) | (7515) | (9407) | (32021) | (32149) |
| 32 | (23190) | (1182) | (16879) | (3381) | 5743 | (217) | 106 | 1548 | (6622) |
| **(7310)** | **(34507)** | **(48520)** | **(115092)** | **(37910)** | **(281)** | **(34957)** | **(5432)** | **(73934)** | **(75670)** |
| **35886** | **3570** | **25694** | **(48325)** | **(26567)** | **2436** | **31654** | **79754** | **28017** | **(23546)** |
| 337513 | 333943 | 837800 | 886125 | 199061 | 196625 | 528503 | 448749 | 869393 | 892939 |
| $373399 | $337513 | $863494 | $837800 | $172494 | $199061 | $560157 | $528503 | $897410 | $869393 |
| 93 | 82 | 3332 | 2837 | 16883 | 8039 | 44 | 122 | 4562 | 4909 |
| (200) | (688) | (5255) | (4576) | (19086) | (8056) | (814) | (244) | (6099) | (6537) |
| **(107)**  | **(606)** | **(1923)** | **(1739)** | **(2203)** | **(17)** | **(770)** | **(122)** | **(1537)** | **(1628)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **MFS<sup>®</sup> Variable Insurance Trust (continued)** | **MFS<sup>®</sup> Variable Insurance Trust (continued)** | **MFS<sup>®</sup> Variable Insurance Trust (continued)** | **MFS<sup>®</sup> Variable Insurance Trust (continued)** | **MFS<sup>®</sup> Variable Insurance<br>Trust II** | **MFS<sup>®</sup> Variable Insurance<br>Trust II** |
|  | **MFS<sup>®</sup><br>Total Return<br>Series — Service<br>Class Shares** | **MFS<sup>®</sup><br>Total Return<br>Series — Service<br>Class Shares** | **MFS<sup>®</sup><br>Utilities<br>Series — Service<br>Class Shares** | **MFS<sup>®</sup><br>Utilities<br>Series — Service<br>Class Shares** | **MFS<sup>®</sup><br>Massachusetts<br>Investors Growth<br>Stock Portfolio —<br>Service<br>Class Shares** | **MFS<sup>®</sup><br>Massachusetts<br>Investors Growth<br>Stock Portfolio —<br>Service<br>Class Shares** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations:** |  |  |  |  |  |  |
| Net investment income (expense) | $20265 | $17186 | $38398 | $31471 | $(3662) | $(2281) |
| Net realized gain (loss) on investments | (2637) | 4618 | 129719 | (19925) | 8688 | 3772 |
| Change in unrealized appreciation (depreciation) on investments | 5567 | (5717) | 51470 | 122808 | (75249) | 58708 |
| Capital gain distributions | 61635 | 38266 | 22911 | 53689 | 178903 | 105530 |
| **Increase (decrease) in net assets from operations** | **84830** | **54353** | **242498** | **188043** | **108680** | **165729** |
| **From capital transactions (note 4):** |  |  |  |  |  |  |
| Net premiums | 8530 | 8350 | 25312 | 23178 | 7208 | 8041 |
| Loan interest | (7) | (4) | (193) | 4 | (823) | (873) |
| Transfers for contract benefits and terminations |  | (3783) | (306942) | (49476) | (39832) |  |
| Loans | 165 | 166 | 1664 | (7511) | 38 | 102 |
| Cost of insurance and administrative expenses | (15833) | (15112) | (42411) | (42871) | (16578) | (17049) |
| Transfers between subaccounts (including fixed account), net | 4060 | 2356 | (20032) | 216 | (276) |  |
| **Increase (decrease) in net assets from capital transactions** | **(3085)** | **(8027)** | **(342602)** | **(76460)** | **(50263)** | **(9779)** |
| **Increase (decrease) in net assets** | **81745** | **46326** | **(100104)** | **111583** | **58417** | **155950** |
| Net assets at beginning of year | 785359 | 739033 | 1865226 | 1753643 | 1220765 | 1064815 |
| Net assets at end of year | $867104 | $785359 | $1765122 | $1865226 | $1279182 | $1220765 |
| **Change in units (note 5):** |  |  |  |  |  |  |
| Units purchased | 9187 | 9009 | 40581 | 9448 | 259 | 304 |
| Units redeemed | (9274) | (9276) | (46485) | (11015) | (1856) | (616) |
| **Net increase (decrease) in units from capital transactions with policy owners** | **(87)** | **(267)** | **(5904)** | **(1567)** | **(1597)** | **(312)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **PIMCO Variable Insurance Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **PIMCO Variable Insurance Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **PIMCO Variable Insurance Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **PIMCO Variable Insurance Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **PIMCO Variable Insurance Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **PIMCO Variable Insurance Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **PIMCO Variable Insurance Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **PIMCO Variable Insurance Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **PIMCO Variable Insurance Trust** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **PIMCO Variable Insurance Trust** |
| **All Asset<br>Portfolio —<br>Advisor<br>Class Shares** | **All Asset<br>Portfolio —<br>Advisor<br>Class Shares** | **High Yield<br>Portfolio —<br>Administrative<br>Class Shares** | **High Yield<br>Portfolio —<br>Administrative<br>Class Shares** | **International<br>Bond Portfolio<br>(U.S. Dollar<br>Hedged) —<br>Administrative<br>Class Shares** | **International<br>Bond Portfolio<br>(U.S. Dollar<br>Hedged) —<br>Administrative<br>Class Shares** | **Long-Term<br>U.S. Government<br>Portfolio —<br>Administrative<br>Class Shares** | **Long-Term<br>U.S. Government<br>Portfolio —<br>Administrative<br>Class Shares** | **Low Duration<br>Portfolio —<br>Administrative<br>Class Shares** | **Low Duration<br>Portfolio —<br>Administrative<br>Class Shares** |
| **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| $13434 | $16397 | $65615 | $68258 | $3608 | $3835 | $38471 | $30639 | $21776 | $21745 |
| (8206) | (6359) | (165) | (12769) | (402) | (1104) | (22708) | (109817) | (1939) | (8287) |
| 33833 | (371) | 25797 | 24676 | 855 | 3151 | 59099 | (6173) | 10888 | 11243 |
| **39061** | **9667** | **91247** | **80165** | **4061** | **5882** | **74862** | **(85351)** | **30725** | **24701** |
| 2708 | 2708 | 24275 | 21309 | 2588 | 2694 | 23547 | 21748 | 1499 | 98633 |
|  |  | 148 | 175 | 2 | 7 | 459 | 436 |  |  |
| (4503) |  | (49979) | (191682) | (2985) | (10006) | (13159) | (80449) | (1297) | (48537) |
|  |  | (783) | (1581) | (2896) |  | 551 | (180) | (4582) | (7161) |
| (3538) | (3256) | (28482) | (28548) | (2868) | (2781) | (29382) | (28225) | (38652) | (34887) |
| 18911 | 41808 | 2418 | (3463) | 167 | 97 | 40803 | 65358 | 36616 | (18818) |
| **13578** | **41260** | **(52403)** | **(203790)** | **(5992)** | **(9989)** | **22819** | **(21312)** | **(6416)** | **(10770)** |
| **52639** | **50927** | **38844** | **(123625)** | **(1931)** | **(4107)** | **97681** | **(106663)** | **24309** | **13931** |
| 280918 | 229991 | 1100269 | 1223894 | 119563 | 123670 | 1256662 | 1363325 | 596127 | 582196 |
| $333557 | $280918 | $1139113 | $1100269 | $117632 | $119563 | $1354343 | $1256662 | $620436 | $596127 |
| 7187 | 3706 | 6183 | 7220 | 241 | 309 | 29118 | 78053 | 2587 | 9642 |
| (6707) | (1938) | (7684) | (12478) | (474) | (669) | (28209) | (78570) | (3240) | (9705) |
| **480** | **1768** | **(1501)** | **(5258)** | **(233)** | **(360)** | **909** | **(517)** | **(653)** | **(63)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **PIMCO Variable<br>Insurance Trust<br>(continued)** | **PIMCO Variable<br>Insurance Trust<br>(continued)** | **Rydex Variable Trust** | **Rydex Variable Trust** | **State Street Variable<br>Insurance Series Funds,<br>Inc.** | **State Street Variable<br>Insurance Series Funds,<br>Inc.** |
|  | **Total<br>Return<br>Portfolio —<br>Administrative<br>Class Shares** | **Total<br>Return<br>Portfolio —<br>Administrative<br>Class Shares** | **NASDAQ —**<br>**100<sup>®</sup> Fund** | **NASDAQ —**<br>**100<sup>®</sup> Fund** | **Income<br>V.I.S. Fund —<br>Class 1 Shares** | **Income<br>V.I.S. Fund —<br>Class 1 Shares** |
| | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations:** |  |  |  |  |  |  |
| Net investment income (expense) | $149220 | $150656 | $(1744) | $(504) | $28104 | $23708 |
| Net realized gain (loss) on investments | (30798) | (125301) | 92797 | 11170 | (18773) | (22235) |
| Change in unrealized appreciation (depreciation) on investments | 213275 | 63673 | 17957 | 109764 | 39987 | (15527) |
| Capital gain distributions |  |  | 51240 | 12112 |  |  |
| **Increase (decrease) in net assets from operations** | **331697** | **89028** | **160250** | **132542** | **49318** | **(14054)** |
| **From capital transactions (note 4):** |  |  |  |  |  |  |
| Net premiums | 89472 | 99013 | 5279 | 5062 | 40197 | 37723 |
| Loan interest | 1387 | 620 | (111) | (184) | 1117 | 3239 |
| Transfers for contract benefits and terminations | (75398) | (314039) |  | (10786) | (41651) | (31746) |
| Loans | 13481 | 22248 | (7589) | 5975 | 29710 | 1083 |
| Cost of insurance and administrative expenses | (181728) | (191020) | (13567) | (11676) | (63427) | (58455) |
| Transfers between subaccounts (including fixed account), net | 1324 | 45086 | 45004 | 18562 | 16752 | 35197 |
| **Increase (decrease) in net assets from capital transactions** | **(151462)** | **(338092)** | **29016** | **6953** | **(17302)** | **(12959)** |
| **Increase (decrease) in net assets** | **180235** | **(249064)** | **189266** | **139495** | **32016** | **(27013)** |
| Net assets at beginning of year | 4038334 | 4287398 | 708213 | 568718 | 930814 | 957827 |
| Net assets at end of year | $4218569 | $4038334 | $897479 | $708213 | $962830 | $930814 |
| **Change in units (note 5):** |  |  |  |  |  |  |
| Units purchased | 33345 | 71616 | 5030 | 688 | 11319 | 8409 |
| Units redeemed | (39744) | (86091) | (4191) | (632) | (11758) | (9184) |
| **Net increase (decrease) in units from capital transactions with policy owners** | **(6399)** | **(14475)** | **839** | **56** | **(439)** | **(775)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **State Street Variable Insurance Series Funds, Inc. (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **State Street Variable Insurance Series Funds, Inc. (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **State Street Variable Insurance Series Funds, Inc. (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **State Street Variable Insurance Series Funds, Inc. (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **State Street Variable Insurance Series Funds, Inc. (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **State Street Variable Insurance Series Funds, Inc. (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **State Street Variable Insurance Series Funds, Inc. (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **State Street Variable Insurance Series Funds, Inc. (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **State Street Variable Insurance Series Funds, Inc. (continued)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **State Street Variable Insurance Series Funds, Inc. (continued)** |
| **Premier<br>Growth<br>Equity<br>V.I.S. Fund —**<br> **Class 1 Shares** | **Premier<br>Growth<br>Equity<br>V.I.S. Fund —**<br> **Class 1 Shares** | **Real Estate<br>Securities<br>V.I.S. Fund —**<br> **Class 1 Shares** | **Real Estate<br>Securities<br>V.I.S. Fund —**<br> **Class 1 Shares** | **S&P 500<sup>®</sup><br>Index<br>V.I.S. Fund —**<br> **Class 1 Shares** | **S&P 500<sup>®</sup><br>Index<br>V.I.S. Fund —**<br> **Class 1 Shares** | **Small-Cap<br>Equity<br>V.I.S. Fund —**<br> **Class 1 Shares** | **Small-Cap<br>Equity<br>V.I.S. Fund —**<br> **Class 1 Shares** | **Total Return<br>V.I.S. Fund —<br>Class 1 Shares** | **Total Return<br>V.I.S. Fund —<br>Class 1 Shares** |
| **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| $(24095) | $(21989) | $11556 | $37380 | $98728 | $165505 | $(14565) | $(11962) | $67406 | $166581 |
| 77941 | 127874 | (26599) | (82366) | 1898570 | 1795199 | (73893) | (17145) | 21641 | (177) |
| (115597) | 71204 | 13118 | 364403 | 1301646 | 2612884 | (289255) | 74528 | 240195 | 271499 |
| 851470 | 854867 | 40724 |  | 2682774 | 3146022 | 350149 | 260226 | 147317 | 819 |
| **789719** | **1031956** | **38799** | **319417** | **5981718** | **7719610** | **(27564)** | **305647** | **476559** | **438722** |
| 69123 | 64494 | 79469 | 79708 | 598266 | 576734 | 58095 | 61760 | 74126 | 75106 |
| (4266) | (5393) | (559) | (1064) | (14869) | (16398) | (753) | (865) | (1592) | (2486) |
| (170743) | (150481) | (392581) | (105763) | (4096001) | (2064817) | (216165) | (150919) | (810167) | (601374) |
| 12251 | (5790) | 23562 | (7610) | 285384 | (100990) | (1357) | 2381 | 3133 | 7170 |
| (146634) | (138293) | (135887) | (136789) | (1171342) | (1133310) | (81995) | (101715) | (132349) | (141558) |
| (14346) | (42369) | (17328) | (46772) | (122433) | (369635) | 17021 | (42943) | (28635) | (26636) |
| **(254615)** | **(277832)** | **(443324)** | **(218290)** | **(4520995)** | **(3108416)** | **(225154)** | **(232301)** | **(895484)** | **(689778)** |
| **535104** | **754124** | **(404525)** | **101127** | **1460723** | **4611194** | **(252718)** | **73346** | **(418925)** | **(251056)** |
| 4272977 | 3518853 | 3554445 | 3453318 | 37929717 | 33318523 | 3265829 | 3192483 | 3954926 | 4205982 |
| $4808081 | $4272977 | $3149920 | $3554445 | $39390440 | $37929717 | $3013111 | $3265829 | $3536001 | $3954926 |
| 4612 | 4465 | 5066 | 7248 | 10674 | 16468 | 10666 | 11322 | 10856 | 10647 |
| (7615) | (8441) | (9835) | (8975) | (35386) | (40084) | (14003) | (15080) | (34208) | (28970) |
| **(3003)**  | **(3976)** | **(4769)** | **(1727)** | **(24712)** | **(23616)** | **(3337)** | **(3758)** | **(23352)** | **(18323)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **State Street Variable Insurance Series Funds, Inc.<br>(continued)** | **State Street Variable Insurance Series Funds, Inc.<br>(continued)** | **State Street Variable Insurance Series Funds, Inc.<br>(continued)** | **State Street Variable Insurance Series Funds, Inc.<br>(continued)** | **The Alger Portfolios** | **The Alger Portfolios** |
|  | **Total Return<br>V.I.S. Fund —<br>Class 3 Shares** | **Total Return<br>V.I.S. Fund —<br>Class 3 Shares** | **U.S. Equity<br>V.I.S. Fund —<br>Class 1 Shares** | **U.S. Equity<br>V.I.S. Fund —<br>Class 1 Shares** | **Alger<br>Large Cap<br>Growth Portfolio —<br>Class I-2 Shares** | **Alger<br>Large Cap<br>Growth Portfolio —<br>Class I-2 Shares** |
| | **<br>Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations:** |  |  |  |  |  |  |
| Net investment income (expense) | $10491 | $18524 | $(11312) | $(5885) | $(45976) | $(37078) |
| Net realized gain (loss) on investments | 27460 | 25457 | 42218 | 122935 | 173727 | 59611 |
| Change in unrealized appreciation (depreciation) on investments | 7980 | (422) | (118138) | (111462) | 640739 | 1522958 |
| Capital gain distributions | 20558 | 90 | 454807 | 482303 | 679688 |  |
| **Increase (decrease) in net assets from operations** | **66489** | **43649** | **367575** | **487891** | **1448178** | **1545491** |
| **From capital transactions (note 4):** |  |  |  |  |  |  |
| Net premiums | 708 | 708 | 47121 | 43331 | 95534 | 117800 |
| Loan interest | (23) | (8) | (1133) | (1333) | (4201) | (2391) |
| Transfers for contract benefits and terminations | (570) |  | (83826) | (222384) | (125240) | (222693) |
| Loans | 46 | (2929) | (15715) | 511 | 3038 | (11428) |
| Cost of insurance and administrative expenses | (6884) | (6326) | (81324) | (79137) | (166741) | (178562) |
| Transfers between subaccounts (including fixed account), net | (1408) | 2692 | (68097) | 82209 | (32708) | (56251) |
| **Increase (decrease) in net assets from capital transactions** | **(8131)** | **(5863)** | **(202974)** | **(176803)** | **(230318)** | **(353525)** |
| **Increase (decrease) in net assets** | **58358** | **37786** | **164601** | **311088** | **1217860** | **1191966** |
| Net assets at beginning of year | 434028 | 396242 | 2450652 | 2139564 | 5091958 | 3899992 |
| Net assets at end of year | $492386 | $434028 | $2615253 | $2450652 | $6309818 | $5091958 |
| **Change in units (note 5):** |  |  |  |  |  |  |
| Units purchased | 15190 | 15395 | 6513 | 9183 | 2139 | 2586 |
| Units redeemed | (15503) | (15656) | (9302) | (12191) | (3904) | (6283) |
| **Net increase (decrease) in units from capital transactions with policy owners** | **(313)** | **(261)** | **(2789)** | **(3008)** | **(1765)** | **(3697)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Statements of Changes in Net Assets — Continued

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **The Alger Portfolios<br>(continued)** | **The Alger Portfolios<br>(continued)** | **The Prudential Series Fund** | **The Prudential Series Fund** | **The Prudential Series Fund** | **The Prudential Series Fund** | **The Prudential Series Fund** | **The Prudential Series Fund** |
| **Alger<br>Small Cap<br>Growth<br>Portfolio —<br>Class I-2 Shares** | **Alger<br>Small Cap<br>Growth<br>Portfolio —<br>Class I-2 Shares** | **PSF<br>Natural<br>Resources<br>Portfolio —<br>Class II Shares** | **PSF<br>Natural<br>Resources<br>Portfolio —<br>Class II Shares** | **PSF<br>PGIM Jennison<br>Blend<br>Portfolio —<br>Class II Shares** | **PSF<br>PGIM Jennison<br>Blend<br>Portfolio —<br>Class II Shares** | **PSF<br>PGIM Jennison<br>Growth<br>Portfolio —<br>Class II Shares** | **PSF<br>PGIM Jennison<br>Growth<br>Portfolio —<br>Class II Shares** |
| **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Period from<br>January 1<br>to April 11, <br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** | **Year ended<br>December 31,<br>2025** | **Year ended<br>December 31,<br>2024** |
| $(18810) | $(11503) | $(1004) | $(3621) | $(3419) | $(525) | $(757) | $(742) |
| (126056) | (177367) | (33747) | 93355 | 127915 | 1805 | 6039 | 7163 |
| 225692 | 353175 | (16394) | (61329) | 104858 | 28136 | 61221 | 110816 |
| 27082 |  |  |  |  |  |  |  |
| **107908** | **164305** | **(51145)** | **28405** | **229354** | **29416** | **66503** | **117237** |
| 68329 | 67057 | 3894 | 13370 | 9376 | 673 | 2444 | 3123 |
| 116 | (287) |  | 80 | (624) |  |  |  |
| (81471) | (167338) | (44036) | (10433) | (756) |  |  |  |
| 27336 | (3313) |  | (36571) | 782 |  |  |  |
| (92978) | (103842) | (3707) | (13715) | (10803) | (1631) | (11842) | (11847) |
| (13497) | (4076) | (698761) | 35407 | 661652 | (24970) | 3 | (13286) |
| **(92165)** | **(211799)** | **(742610)** | **(11862)** | **659627** | **(25928)** | **(9395)** | **(22010)** |
| **15743** | **(47494)** | **(793755)** | **16543** | **888981** | **3488** | **57108** | **95227** |
| 2344438 | 2391932 | 793755 | 777212 | 142245 | 138757 | 493910 | 398683 |
| $2360181 | $2344438 | $— | $793755 | $1031226 | $142245 | $551018 | $493910 |
| 5004 | 4207 | 2039 | 36082 | 225091 | 61 | 21 | 34 |
| (7186) | (9124) | (33114) | (36435) | (168517) | (2490) | (96) | (250) |
| **(2182)**  | **(4917)** | **(31075)** | **(353)** | **56574** | **(2429)** | **(75)** | **(216)** |

---

See accompanying notes to financial statements.

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements

December 31, 2025

**(1)** **Description of Entity** 

Genworth Life & Annuity VL Separate Account 1 (the "Separate Account") is a separate investment account established on August 21, 1986 by Genworth Life and Annuity Insurance Company ("GLAIC"), pursuant to the laws of the Commonwealth of Virginia. GLAIC is a stock life insurance company operating under a charter granted by the Commonwealth of Virginia on March 21, 1871. GLAIC is licensed as a life insurer to do business in Bermuda, the District of Columbia and all states except for New York. GLAIC is wholly-owned by Genworth Life Insurance Company, which is wholly-owned by Genworth North America Corporation, which is indirectly wholly-owned by Genworth Financial, Inc.

GLAIC has a 34.5% investment in an affiliate, Genworth Life Insurance Company of New York.

GLAIC's principal products are life insurance and fixed deferred and immediate annuities. Life insurance products provide protection against financial hardship after the death of an insured. Deferred annuities are investment vehicles intended for policy owners who want to accumulate tax-deferred assets for retirement, desire a tax-efficient source of income and seek to protect against outliving their assets. Immediate annuities provide a fixed amount of income for either a defined number of years, the annuitant's lifetime or the longer of a defined number of years or the annuitant's lifetime. In March 2016, GLAIC suspended sales of traditional life insurance and fixed annuity products. GLAIC, however, continues to service its existing retained and reinsured blocks of business.

GLAIC also has other products which have not been actively sold since 2011, but it continues to service its existing blocks of business. Those products include variable annuities, including group variable annuities offered through retirement plans, variable life insurance and funding agreements. Most of its variable annuities include guaranteed minimum death benefits. Some of GLAIC's group and individual variable annuity products include guaranteed minimum benefit features such as guaranteed minimum withdrawal benefits and certain types of guaranteed annuitization benefits.

The Separate Account has subaccounts that currently invest in series or portfolios ("Portfolios") of open-end mutual funds ("Funds"). Such Portfolios are not sold directly to the general public. The Portfolios are sold to GLAIC, and they may also be sold to other insurance companies that issue variable annuity contracts and variable life insurance policies, including affiliated insurance companies of GLAIC. In addition, the Portfolios may be sold to qualified pension or retirement plans. GLAIC uses the Separate Account to support flexible premium single life and joint and last survivor variable life insurance policies, as well as flexible premium variable universal life insurance policies (collectively, the "Policies") issued by GLAIC, as well as other purposes permitted by law.

Currently, there are multiple subaccounts of the Separate Account available under each policy. Each subaccount invests exclusively in shares representing an interest in a separate corresponding Portfolio (a division of a Fund, the assets of which are separate from other Portfolios that may be available in the Fund).

The assets of the Separate Account belong to GLAIC. However, GLAIC does not charge the assets in the Separate Account attributable to the policies with liabilities arising out of any other business that GLAIC may conduct. The assets of the Separate Account will, however, be available to cover the liabilities of GLAIC's General Account to the extent that the assets of the Separate Account exceed its liabilities arising under the policies supported by it. Income and both realized and unrealized gains or losses from the assets of the Separate Account are credited to or charged against the Separate Account without regard to the income, gains or losses arising out of any other business GLAIC may conduct. Guarantees made under the policies, including any rider options, are based on the claims paying ability of GLAIC to the extent that the amount of the guarantee exceeds the assets available in the Separate Account.

The Separate Account is registered with the U.S. Securities and Exchange Commission ("SEC") as a unit investment trust under the Investment Company Act of 1940, as amended. The Separate Account meets the definition of a separate account under the Federal securities laws. Registration with the SEC does not involve supervision of the management or investment practices or policies of the Separate Account by the SEC. Policy owners assume the full investment risk for amounts allocated by policyholders to the Separate Account.

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**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

During the years ended December 31, 2025 and 2024, the following Portfolio names were changed:

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| | | |
|:---|:---|:---|
| **Prior Portfolio Name** | **Current Portfolio Name** | **Effective Date** |
|  Columbia Funds Variable Series Trust II — CTIVP<sup>®</sup> — Principal Blue Chip Growth Fund — Class 1 | Columbia Funds Variable Series Trust II — CTIVP<sup>®</sup> — Principal Large Cap Growth Fund — Class 1 | May 30, 2025 |
|  Fidelity<sup>®</sup> Variable Insurance Products Fund — VIP Asset Manager Portfolio — Initial Class | Fidelity<sup>®</sup> Variable Insurance Products Fund — VIP Asset Manager 50% Portfolio — Initial Class | April 30, 2025 |
|  Fidelity<sup>®</sup> Variable Insurance Products Fund — VIP Asset Manager Portfolio — Service Class 2 | Fidelity<sup>®</sup> Variable Insurance Products Fund — VIP Asset Manager 50% Portfolio — Service Class 2 | April 30, 2025 |
|  AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Capital Appreciation Fund — Series I shares | AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Discovery Large Cap Fund — Series I shares | April 29, 2025 |
|  AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Capital Appreciation Fund — Series II shares | AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Discovery Large Cap Fund — Series II Shares | April 29, 2025 |
|  Legg Mason Partners Variable Equity Trust — ClearBridge Variable Aggressive Growth Portfolio — Class II | Legg Mason Partners Variable Equity Trust — ClearBridge Variable Growth Portfolio — Class II | April 29, 2024 |
|  American Century Variable Portfolios II, Inc. — VP Inflation Protection Fund — Class II | Lincoln Variable Insurance Products Trust — LVIP American Century Inflation Protection Fund — Service Class | April 26, 2024 |

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During the years ended December 31, 2025 and 2024, the following Portfolio(s) were liquidated, and the Portfolio assets were reinvested in new Portfolio(s):

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| | | |
|:---|:---|:---|
| **Liquidated Portfolio** | **Reinvested Portfolio** | **Inception Date** |
|  The Prudential Series Fund — PSF Natural Resources Portfolio — Class II Shares | The Prudential Series Fund — PSF PGIM Jennison Blend Portfolio — Class II Shares | April 11, 2025 |
|  AIM Variable Insurance Funds (Invesco Variable Insurance Funds) – Invesco V.I. Conservative Balanced Fund — Series I shares | AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Equity and Income Fund — Series I shares | April 26, 2024 |
|  AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Conservative Balanced Fund — Series II shares | AIM Variable Insurance Funds (Invesco Variable Insurance Funds) — Invesco V.I. Equity and Income Fund — Series II shares | April 26, 2024 |

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All designated Portfolios listed above are series type mutual funds.

**(2)** **Summary of Significant Accounting Policies** 

&nbsp;&nbsp;&nbsp;&nbsp;***(a) Basis of Presentation***

These financial statements have been prepared on the basis of U.S. generally accepted accounting principles ("U.S. GAAP"). Preparing financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect amounts and disclosures reported therein. Actual results could differ from those estimates. The Separate Account is an investment company and follows accounting and reporting guidance under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 946, *Financial Services – Investment Companies*.

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**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

&nbsp;&nbsp;&nbsp;&nbsp;***(b) Investments***

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Separate Account, generally, uses a market approach as the valuation technique due to the nature of the mutual fund investments offered in the Separate Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs. Investments in mutual funds are valued at the mutual fund's closing net asset value per share on the day of valuation.

**Valuation Inputs**: Various inputs are used to determine the value of the mutual fund's investments. These inputs are summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Level 1** — quoted prices in active markets for identical securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Level 2** — observable inputs other than Level 1 quoted prices (including, but
not limited to, quoted prices for similar securities, interest rates, prepayment speeds and credit risk); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Level 3** — unobservable inputs.

The investments of the Separate Accounts are measured at fair value on a recurring basis. All investments are categorized as Level 1 as of December 31, 2025 and there were no transfers between the levels during 2025.

Purchases and redemptions of investments in mutual funds are recorded on the Valuation Day the request for the purchase or redemption is received. A Valuation Day is any day that the New York Stock Exchange is open for regular trading, except for days on which a Portfolio does not value its shares. Income distributions, and gains from realized gain distributions, are recorded on the ex-dividend date. Realized gains and losses on investments are determined on the average cost basis. Units and unit values are disclosed as of the last Valuation Day of the applicable year or period.

&nbsp;&nbsp;&nbsp;&nbsp;***(c) Unit Classes***

There are six unit classes of subaccounts based on the life policy through which the subaccounts are offered. An indefinite number of units in each unit class is authorized. Each unit class has its own expense structure as noted in note (4)(a) below. On May 1, 2008, GLAIC discontinued all new sales of variable life insurance policies, but it continues to service existing blocks of business. Although the policies are no longer available for sale, additional premium payments may still be accepted under the terms of the policies.

&nbsp;&nbsp;&nbsp;&nbsp;***(d) Federal Income Taxes***

The operations of the Separate Account are a part of, and taxed with, the operations of GLAIC. Therefore, the Separate Account is not separately taxed as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). Under existing federal income tax laws, investment income and capital gains of the Separate Account are not taxed. Accordingly, the Separate Account paid no federal income taxes and no federal income tax payment was required. GLAIC is taxed as a life insurance company under the Code.

&nbsp;&nbsp;&nbsp;&nbsp;***(e) Segment Reporting***

An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by a public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The subaccounts within the Separate Account apply the guidance in Topic 280, Segment Reporting, which impacts financial statement disclosures only and does not affect the financial position or results of operations of the subaccounts of the Separate Account. The subaccounts have acted as single reportable segments, and the CODM of the subaccounts within the Separate Account is the Variable Product Portfolio

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**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

Manager. The Separate Account is structured with a limited purpose by design, and its sole purpose is to record and report the invested funds and activities and performance chosen by contract/policy holders. Investment performance of funds may vary based on the underlying fund's investment objectives specified in the fund prospectuses. Significant revenues and expenses are reported on the Statements of Changes in Net Assets and are reviewed by the CODM. The accounting policies of the segment are the same as those described in the summary of significant accounting policies herein.

&nbsp;&nbsp;&nbsp;&nbsp;***(f) Subsequent Events***

No material subsequent events have occurred since December 31, 2025 through April 23, 2026, the date the financial statements were available to be issued, that would require adjustment to the financial statements.

**(3)** **Purchases and Sales of Investments** 

The aggregate cost of the investments acquired, and the aggregate proceeds of investments sold, for the year ended December 31, 2025 were:

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| | | |
|:---|:---|:---|
| **Fund/Portfolio** | **Cost of<br>Shares<br>Acquired** | **Proceeds<br>from<br>Shares Sold** |
|  AB Variable Products Series Fund, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AB VPS International Value Portfolio — Class B | $271234 | $271614 |
| &nbsp;&nbsp;&nbsp;&nbsp; AB VPS Large Cap Growth Portfolio — Class B | 191423 | 115628 |
| &nbsp;&nbsp;&nbsp;&nbsp; AB VPS Relative Value Portfolio — Class B | 1266901 | 924403 |
| &nbsp;&nbsp;&nbsp;&nbsp; AB VPS Small Cap Growth Portfolio — Class B | 3790 | 8945 |
| &nbsp;&nbsp;&nbsp;&nbsp; AB VPS Sustainable Global Thematic Portfolio — Class B | 49661 | 27426 |
|  AIM Variable Insurance Funds (Invesco Variable Insurance Funds) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. American Franchise Fund — Series I shares | 182390 | 123290 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. American Franchise Fund — Series II shares | 41551 | 10487 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. American Value Fund — Series II shares | 170492 | 66010 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Comstock Fund — Series II shares | 156498 | 111093 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Core Equity Fund — Series I shares | 135274 | 181538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Core Plus Bond Fund — Series I shares | 724282 | 553884 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Discovery Large Cap Fund — Series I shares | 1015924 | 655367 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Discovery Large Cap Fund — Series II Shares | 159671 | 90584 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Discovery Mid Cap Growth Fund — Series I shares | 753218 | 575947 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Discovery Mid Cap Growth Fund — Series II shares | 29843 | 7012 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. EQV International Equity Fund — Series II shares | 176838 | 126887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Equity and Income Fund — Series I shares | 181738 | 140493 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Equity and Income Fund — Series II shares | 41419 | 13979 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Global Fund — Series II shares | 2356590 | 1997219 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Global Strategic Income Fund — Series I shares | 225200 | 211927 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Main Street Fund<sup>®</sup> — Series II shares | 184986 | 177267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Main Street Small Cap Fund<sup>®</sup> — Series II shares | 358892 | 281107 |
|  Allspring Variable Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring VT Discovery All Cap Growth Fund — Class 2 | 103315 | 4337 |
|  BNY Mellon |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BNY Mellon Sustainable U.S. Equity Portfolio, Inc. — Initial Shares | 22592 | 78763 |
|  BlackRock Variable Series Funds, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Advantage SMID Cap V.I. Fund — Class III Shares | 32390 | 12186 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Basic Value V.I. Fund — Class III Shares | 43529 | 10924 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Global Allocation V.I. Fund — Class III Shares | 728387 | 127020 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Large Cap Focus Growth V.I. Fund — Class III Shares | 166100 | 18263 |

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**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

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| | | |
|:---|:---|:---|
| **Fund/Portfolio** | **Cost of<br>Shares<br>Acquired** | **Proceeds<br>from<br>Shares Sold** |
|  Columbia Funds Variable Series Trust II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CTIVP<sup>®</sup> — Principal Large Cap Growth Fund — Class 1 | $9400 | $128698 |
| &nbsp;&nbsp;&nbsp;&nbsp; Columbia Variable Portfolio — Overseas Core Fund — Class 2 | 177160 | 219313 |
|  Eaton Vance Variable Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; VT Floating-Rate Income Fund | 268107 | 259370 |
|  Federated Hermes Insurance Series |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Federated Hermes High Income Bond Fund II — Primary Shares | 107295 | 142512 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federated Hermes High Income Bond Fund II — Service Shares | 408566 | 399059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federated Hermes Kaufmann Fund II — Service Shares | 347330 | 343783 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federated Hermes Managed Volatility Fund II — Primary Shares | 78501 | 87205 |
|  Fidelity<sup>®</sup> Variable Insurance Products Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Asset Manager 50% Portfolio — Initial Class | 579815 | 577607 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Asset Manager 50% Portfolio — Service Class 2 | 18673 | 6715 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Balanced Portfolio — Service Class 2 | 94556 | 65377 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Contrafund<sup>®</sup> Portfolio — Initial Class | 4826367 | 3045459 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Contrafund<sup>®</sup> Portfolio — Service Class 2 | 3754845 | 3308250 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Dynamic Capital Appreciation Portfolio — Service Class 2 | 636897 | 585385 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Equity-Income Portfolio<sup>SM</sup> — Initial Class | 1449770 | 1408216 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Equity-Income Portfolio<sup>SM</sup> — Service Class 2 | 263758 | 261216 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Growth & Income Portfolio — Initial Class | 686810 | 516503 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Growth & Income Portfolio — Service Class 2 | 211324 | 305393 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Growth Opportunities Portfolio — Initial Class | 1640248 | 2001329 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Growth Portfolio — Initial Class | 4997498 | 3413413 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Growth Portfolio — Service Class 2 | 817181 | 1081247 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Mid Cap Portfolio — Service Class 2 | 2320494 | 2261460 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Overseas Portfolio — Initial Class | 1529468 | 1260562 |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Value Strategies Portfolio — Service Class 2 | 222193 | 228833 |
|  Franklin Templeton Variable Insurance Products Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Franklin Income VIP Fund — Class 2 Shares | 203988 | 204882 |
| &nbsp;&nbsp;&nbsp;&nbsp; Franklin Mutual Shares VIP Fund — Class 2 Shares | 151028 | 107317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Templeton Foreign VIP Fund — Class 1 Shares | 305804 | 309456 |
| &nbsp;&nbsp;&nbsp;&nbsp; Templeton Global Bond VIP Fund — Class 1 Shares | 96099 | 105652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Templeton Growth VIP Fund — Class 2 Shares | 43533 | 36159 |
|  Goldman Sachs Variable Insurance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Government Money Market Fund — Service Shares | 5079720 | 4565707 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Large Cap Value Fund — Institutional Shares | 666985 | 490523 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Mid Cap Value Fund — Institutional Shares | 1297208 | 1037433 |
|  Janus Aspen Series |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Balanced Portfolio — Institutional Shares | 1146990 | 1056577 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Balanced Portfolio — Service Shares | 991124 | 1014773 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Enterprise Portfolio — Institutional Shares | 1304912 | 973823 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Enterprise Portfolio — Service Shares | 132887 | 55395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Flexible Bond Portfolio — Institutional Shares | 581241 | 450742 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Forty Portfolio — Institutional Shares | 2469884 | 2382753 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Forty Portfolio — Service Shares | 342105 | 113195 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Global Research Portfolio — Institutional Shares | 936395 | 730864 |

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**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

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| | | |
|:---|:---|:---|
| **Fund/Portfolio** | **Cost of<br>Shares<br>Acquired** | **Proceeds<br>from<br>Shares Sold** |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Global Research Portfolio — Service Shares | $123731 | $78731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Global Technology and Innovation Portfolio — Service Shares | 333491 | 173857 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Overseas Portfolio — Institutional Shares | 1117936 | 1274431 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Overseas Portfolio — Service Shares | 64255 | 68014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Research Portfolio — Institutional Shares | 1215000 | 1575279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Research Portfolio — Service Shares | 48514 | 25040 |
|  Legg Mason Partners Variable Equity Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Variable Dividend Strategy Portfolio — Class I | 464294 | 458011 |
| &nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Variable Dividend Strategy Portfolio — Class II | 4679 | 563 |
| &nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Variable Growth Portfolio — Class II | 64379 | 13213 |
| &nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Variable Large Cap Value Portfolio — Class I | 299251 | 261671 |
|  Lincoln Variable Insurance Products Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; LVIP American Century Inflation Protection Fund — Service Class | 303142 | 328765 |
|  MFS<sup>®</sup> Variable Insurance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MFS<sup>®</sup> Investors Trust Series — Service Class Shares | 226459 | 37440 |
| &nbsp;&nbsp;&nbsp;&nbsp; MFS<sup>®</sup> New Discovery Series — Service Class Shares | 211657 | 289123 |
| &nbsp;&nbsp;&nbsp;&nbsp; MFS<sup>®</sup> Total Return Series — Service Class Shares | 393279 | 314484 |
| &nbsp;&nbsp;&nbsp;&nbsp; MFS<sup>®</sup> Utilities Series — Service Class Shares | 2127933 | 2409031 |
|  MFS<sup>®</sup> Variable Insurance Trust II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MFS<sup>®</sup> Massachusetts Investors Growth Stock Portfolio — Service Class Shares | 187325 | 62341 |
|  PIMCO Variable Insurance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; All Asset Portfolio — Advisor Class Shares | 202978 | 175968 |
| &nbsp;&nbsp;&nbsp;&nbsp; High Yield Portfolio — Administrative Class Shares | 281702 | 268566 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Bond Portfolio (U.S. Dollar Hedged) — Administrative Class Shares | 10492 | 12813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Long-Term U.S. Government Portfolio — Administrative Class Shares | 795486 | 734609 |
| &nbsp;&nbsp;&nbsp;&nbsp; Low Duration Portfolio — Administrative Class Shares | 66431 | 51214 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Return Portfolio — Administrative Class Shares | 940254 | 940338 |
|  Rydex Variable Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; NASDAQ — 100<sup>®</sup> Fund | 312609 | 234105 |
|  State Street Variable Insurance Series Funds, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Income V.I.S. Fund — Class 1 Shares | 236564 | 225326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Premier Growth Equity V.I.S. Fund — Class 1 Shares | 1250008 | 677035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Securities V.I.S. Fund — Class 1 Shares | 784903 | 1175818 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500<sup>®</sup> Index V.I.S. Fund — Class 1 Shares | 6081443 | 7824435 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small-Cap Equity V.I.S. Fund — Class 1 Shares | 999940 | 889670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Return V.I.S. Fund — Class 1 Shares | 882384 | 1563366 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Return V.I.S. Fund — Class 3 Shares | 429483 | 406565 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Equity V.I.S. Fund — Class 1 Shares | 952185 | 711433 |
|  The Alger Portfolios |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alger Large Cap Growth Portfolio — Class I-2 Shares | 965843 | 562907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alger Small Cap Growth Portfolio — Class I-2 Shares | 250917 | 334889 |
|  The Prudential Series Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; PSF Natural Resources Portfolio — Class II Shares | 55932 | 799568 |
| &nbsp;&nbsp;&nbsp;&nbsp; PSF PGIM Jennison Blend Portfolio — Class II Shares | 2919097 | 2262878 |
| &nbsp;&nbsp;&nbsp;&nbsp; PSF PGIM Jennison Growth Portfolio — Class II Shares | 2449 | 12601 |

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**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

**(4)** **Related Party Transactions** 

&nbsp;&nbsp;&nbsp;&nbsp;***(a) GLAIC***

***Type I Units (Policy Forms P1096 and P1251)***

Net premium payments transferred from GLAIC to the Separate Account represent gross premium payments recorded by GLAIC on its flexible premium variable universal life insurance policies and flexible premium joint and last survivor variable life insurance policies less deductions. For Policy P1251, deductions from premium depended upon the initial specified amount. If the initial specified amount was $500,000 or more, a current deduction of 3.5% premium charge (5% maximum) was assessed from each premium payment before the premium is allocated to the subaccounts. If the initial specified amount is at least $250,000 but less than $500,000, a current deduction of 6.5% premium charge (8% maximum) was assessed. For Policy P1096, a premium charge of 7.5% from each premium payment is assessed before the premium is allocated to the subaccounts.

Policy P1251 assesses a minimum surrender charge of $12.00 per $1,000 of specified amount and a maximum of $60.00 per $1,000 of specified amount if the policy is surrendered during the first 16 years of the policy or 16 years after an increase in specified amount. A surrender charge would also apply if the specified amount were decreased at a time when surrender would otherwise be assessed. For Policy P1096, a minimum surrender charge of $2.50 per $1,000 of specified amount and a maximum of $7.50 per $1,000 of specified amount not to exceed $500 is assessed if the policy is surrendered during policy years 1 through 9. Policy P1096 also assesses a fee for increases in specified amount. This fee will never be lower than $1.50 per $1,000 of specified amount and never higher than $300.

A mortality and expense risk charge is deducted daily from the assets in the subaccounts attributable to the policies equal to an effective annual rate of 0.70% of the average daily net assets of the Separate Account. This charge is for the mortality and expense risks that GLAIC assumes.

A monthly deduction is made on the policy date and on each monthly anniversary date from the policy assets. The monthly deduction for policy P1251 consists of a cost of insurance charge that varies based upon the Insured's gender, issue age, risk class and the year of coverage, a policy charge of $5, an expense charge of up to $0.20 per $1,000 of specified amount, and any charges for additional benefits added by riders to the policy. The monthly deduction for Policy P1096 consists of a cost of insurance charge that varies based upon the Insured's gender, issue age, risk class and the year of coverage, a current monthly administrative charge of $12 and any charges for additional benefits added by riders to the policy.

Policy P1096 assesses a deferred sales charge during policy years 2 through 10 of 45% of the premiums paid on specified amount (of less than $250,000) during the first policy year. This charge is reduced to 40% of the premiums paid on specified amount of $250,000 or more. The policy also assesses a net loan charge at an annualized rate of 2.0% for non-preferred loans. There are no charges for Policy P1096 for preferred loans after year 11. For Policy P1251, there is a net loan charge of 2.0% for non-preferred loans and no charge for preferred loans in all years.

A partial surrender-processing fee of the lesser of $25 or 2% of the amount surrendered is assessed on all partial surrenders.

A transfer charge of $10 is assessed for each transfer among subaccounts after the first transfer made in any calendar month.

***Type II Units (Policy Forms P1250 and P1250CR)***

Net premiums transferred from GLAIC to the Separate Account represent gross premiums recorded by GLAIC on its flexible premium variable universal life insurance policies less deductions. For Policy P1250, a 3% charge from each premium (5% maximum) is assessed before it is allocated to the subaccounts. For Policy P1250CR, an 8% charge from each premium (10% maximum) is assessed before it is allocated to the subaccounts.

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##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

A mortality and expense risk charge is deducted daily from the assets in the subaccounts attributable to the policies equal to an effective annual rate of 0.70% of the average daily net assets of the Separate Account. This charge is for the mortality and expense risks that GLAIC assumes.

A monthly deduction is made on the policy date and on each monthly anniversary date from the policy assets. The monthly deduction consists of a cost of insurance charge which varies based upon the Insured's gender, issue age, risk class and the year of coverage, a policy charge of $12 (Policy P1250) in the first policy year ($15 for Policy P1250CR) and $12 per month thereafter, and any charges for additional benefits added by riders to the policy. If an increase in specified amount becomes effective, there will be a one-time charge (per increase) of $1.50 per $1,000 of increase included in the monthly deduction (not to exceed $300 per increase).

There will be a surrender charge if the policy is surrendered during the surrender period. The surrender charge is calculated by multiplying the surrender charge factors times the specified amount, divided by $1,000. That amount is then varied by issue age, gender (where applicable) and rating class of each Insured and by the number of months since the policy date. The surrender charge remains level for the first five policy years and then decreases uniformly each policy month to zero over the next 10 policy years or until the Insured attains age 95, whichever is earlier. For Policy P1250, the surrender charge is guaranteed not to exceed $50.63 per $1,000 of specified amount. For Policy P1250CR, the surrender charge is guaranteed not to exceed $51.36 per $1,000 of specified amount.

A partial surrender processing fee of the lesser of $25 or 2% of the amount surrendered is assessed on all partial surrenders.

A transfer charge of $10 is assessed for each transfer among subaccounts after the first transfer made in any calendar month (Policy P1250CR). Policies issued on Policy Form P1250 and marketed under the name of Protection Plus do not assess a transfer charge but reserve the right to impose a charge of up to $10 after the first transfer made in any calendar month. Policy P1250 or P1250CR assesses a maximum net loan charge at an annualized rate of 2.0% for non-preferred loans in all policy years. There is no charge for preferred loans in policy years 11 and after for Policy P1250 (there is a maximum charge of 2.0% for preferred loans in policy years 11 and after for Policy P1250CR).

***Type III Units (Policy Forms P1258 and P1259)***

Net premiums transferred from GLAIC to the Separate Account represent gross premiums recorded by GLAIC on its flexible premium single life and joint and last survivor variable life insurance policies less deductions. A 5% charge from each premium (7.5% maximum) is assessed before it is allocated to the subaccounts. This charge is not assessed against the policy loan portion of a premium received from the rollover of a life insurance policy.

A mortality and expense risk charge is deducted monthly from the policy assets. This charge is for the mortality and expense risks that GLAIC assumes. This charge is equal to an effective annual rate of 0.40% of the first $50,000 of the policy's unloaned assets in the subaccounts (0.40% of the first $100,000 of unloaned assets in the subaccounts for a joint and last survivor policy). During the first 20 policy years, a mortality and expense risk charge at an annual effective rate of 0.05% of the policy's unloaned assets in the subaccounts over $50,000 ($100,000 for a joint and last survivor policy) is also assessed. Beginning with policy year 21, GLAIC does not deduct a mortality and expense risk charge for the policy's unloaned assets in the subaccounts over $50,000 ($100,000 for a joint and last survivor policy).

A monthly deduction is made on the policy date and on each monthly anniversary date from the policy assets. The monthly deduction consists of a cost of insurance charge which varies based upon the Insured's gender, issue age, risk class and the year of coverage, the mortality and expense risk charge (discussed above), a policy charge of $10, a maximum monthly expense charge of $0.20 per $1,000 (a maximum of $0.83 per $1,000) of specified amount for the first 10 policy years and the first 10 policy years after an increase in specified amount and any charges for additional benefits added by riders to the policy.

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##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

There will be a surrender charge if the policy is surrendered during the first 10 policy years or 10 years after an increase in specified amount. The maximum surrender charge assessed is $37.19 per $1,000 of specified amount. This charge is calculated by multiplying a factor times the lowest specified amount in effect before the surrender, divided by 1,000. The factor depends on the issue age and gender (where applicable) of the Insured. For a joint and last survivor policy, the factor depends on the issue age, gender (where applicable) and risk class of both Insureds. The surrender charge remains level for the first five policy years and then decreases each policy month to zero over the next five policy years.

GLAIC reserves the right to assess a maximum partial surrender fee of the lesser of $25 or 2%, of the amount surrendered. Currently, this partial surrender processing fee is not assessed.

Certain policy owners may elect to allocate assets to a Guarantee Account that is part of the general account of GLAIC. Amounts allocated to the Guarantee Account earn interest at the interest rate in effect at the time of such allocation or transfer. The interest rate remains in effect for a guaranteed period of time, after which a new rate may be declared. Policy owners may transfer amounts from the Guarantee Account to the subaccounts of the Separate Account and in certain instances transfer amounts from the subaccounts of the Separate Account to the Guarantee Account.

A loan charge of 0.15% of the net annualized rate is assessed on all loans taken in policy years 1 through 5 and no charge is assessed in policy years 6 and after. The maximum charge of 0.40% of the net annualized rate in policy years 1 through 10 may be assessed with zero thereafter.

Currently, there is no transfer fee, but GLAIC reserves the right to assess $20 per transfer for any transfer made after the 12<sup>th</sup> transfer in a calendar year.

***Type IV Units (Policy Form P1095)***

Net premiums transferred from GLAIC to the Separate Account represent gross premiums recorded by GLAIC on its flexible premium variable life insurance policies, less deductions retained as compensation for certain distribution expenses and premium taxes. A premium charge of 8.5% is assessed with each premium payment in which 6.0% is deducted as compensation to GLAIC for sales and distribution expenses and 2.5% is deducted for premium taxes.

A mortality and expense risk charge is deducted daily from the policy owner assets in the subaccounts. This charge is for the mortality and expense risks that GLAIC assumes. This charge is equal to 0.50% of the value of the unloaned assets in the subaccounts.

A loan charge at a net annualized rate of 4.0% is assessed on all loans taken. A cost of insurance charge is deducted monthly. The cost of insurance varies based on the amount of insurance, death benefit option elected, the policy's cash value, policy duration, as well as the gender, issue age, policy and risk class of the Insured. The minimum cost of insurance charge is equal to $0.09 per $1,000 net amount at risk. The maximum charge is $35.46 per $1,000 of net amount at risk. GLAIC also charges for any benefits added by a rider. A charge equal to the lesser of $25 or 2% of the cash value surrendered is assessed on all partial surrenders.

A transfer charge of $10 is assessed for each transfer after the first in a calendar year.

***Type V Units (Policy Form P1097)***

Net premiums transferred from GLAIC to the Separate Account represent gross premiums recorded by GLAIC on its flexible premium variable life insurance policies, less deductions. For 10 years after each premium payment, GLAIC deducts a monthly premium tax charge equal to an annual rate of 0.20% of the portion of the cash value in the Separate Account attributable to each premium payment and a monthly distribution expense charge equal to an annual rate of 0.30% of that portion of the cash value in the Separate Account attributable to each premium payment.

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##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

A mortality and expense risk charge is deducted daily from the assets allocated to the subaccounts available to the policies equal to an effective annual rate of 0.90% of the average daily unloaned net assets in the Separate Account. This charge is for the mortality and expense risks that GLAIC assumes. In addition, an administrative expense is deducted daily from the assets allocated to the subaccounts available to the policies equal to an effective annual rate of 0.40% of the average daily unloaned net assets in the Separate Account.

A cost of insurance charge is deducted monthly. The cost of insurance charge depends on a number of factors such as the age, gender, policy duration and risk class of the Insured. Currently, the minimum cost of insurance charge is 0.55% of the policy's cash value in the Separate Account; the maximum cost of insurance charge is $83.33 per $1,000 of specified amount.

There will be a surrender charge if the policy is surrendered within 10 years of a premium payment. The total surrender charge will equal the sum of the surrender charge attributable to the premium payments made under the policy before the surrender. The maximum surrender charge is 6% of premium payments for the first 4 years of the premium payment and then declines by 1% each year thereafter until reaching no charge after year 10.

A partial surrender processing fee of the lesser of $25 or 2% of the amount surrendered is assessed on all partial surrenders.

A transfer charge of $10 is assessed for each transfer among subaccounts after the first transfer made in any calendar month.

There is a net loan charge assessed for loans taken under the policy. If assessed, the charge is assessed monthly until the loan is repaid in full. Currently there is a net annualized charge of 2.0% on all non-preferred loans. There is no charge on preferred loans; however, GLAIC reserves the right to assess a charge of 2.0% on preferred loans.

***Type VI Units (Policy Forms P1254 and P1255)***

Net premiums transferred from GLAIC to the Separate Account represent gross premiums recorded by GLAIC on its flexible premium single life and joint and last survivor variable insurance policies less deductions. For 10 years after each premium payment, GLAIC deducts a monthly premium tax recovery charge equal to an annualized rate of 0.20% of the portion of the assets in the Separate Account attributable to each premium payment and a monthly distribution expense charge equal to an annualized rate of 0.30% of that portion of the assets in the Separate Account attributable to each premium payment.

A mortality and expense risk charge is deducted monthly from the assets in the subaccounts attributable to the policies equal to an annualized rate of 0.70% of the average daily unloaned net assets during the first 10 policy years and an annualized rate of 0.35% thereafter. This charge is for the mortality and expense risks that GLAIC assumes. In addition, an administrative expense is deducted monthly from the policy value. Currently, the minimum administration expense charge is a minimum of $8.00 per month. The maximum amount charged is guaranteed to not exceed an annualized rate of 0.40% of the amount of account value at the time the charge is assessed.

A cost of insurance charge is deducted monthly. For a single life policy, the current effective annual rate of this charge is 0.05% of the account value (maximum of $83.33 per $1,000 of net amount at risk). For a joint and last survivor policy, the current effective annual rate of the charge is 0.03% of the account value (maximum of $83.33 per $1,000 of net amount at risk).

There will be a surrender charge if the policy is surrendered within 7 years of a premium payment. The total surrender charge will equal the sum of the surrender charge attributable to the premium payment made under the policy before the surrender. The maximum surrender charge is 6% of the initial premium payment and decreases to zero in year 7.

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##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

A partial surrender processing fee of the lesser of $25 or 2% of the amount surrendered is assessed on all partial surrenders. Partial surrenders are not permitted if the partial surrender would reduce the account value below $25,000.

Currently a charge is not assessed for transfers among subaccounts. GLAIC has reserved the right to assess a $10 transfer charge for each transfer.

There is a net loan charge assessed for all loans taken under the policy. Currently, there is a charge of a net annualized rate of 2.0% on all non-preferred loans and preferred loans taken in the first policy year. There is no charge for preferred loans taken after the first policy year.

GLAIC also assesses a one-time charge of $250, if a policy owner elects the Accelerated Benefit Rider.

***Nature of Charges Assessed***

The mortality and expense risk and administrative charges that are deducted daily from the applicable policy types listed above are assessed through a reduction in unit values. The cost of insurance, surrender charges, monthly or annual administrative charges and monthly deduction of mortality and risk charges, are assessed through the redemption of units.

&nbsp;&nbsp;&nbsp;&nbsp;***(b) Accrued Expenses Payable to Affiliate***

Charges and deductions made under the policies for services and benefits unpaid at year-end are accrued and payable to GLAIC.

&nbsp;&nbsp;&nbsp;&nbsp;***(c) Capital Brokerage Corporation***

Capital Brokerage Corporation ("CBC"), an affiliate of GLAIC, is a Washington corporation registered with the SEC under the Securities Exchange Act of 1934 as a broker-dealer and is a member of the Financial Industry Regulatory Authority ("FINRA"). CBC serves as the distributor and principal underwriter for variable annuity contracts, variable life insurance policies and certain guaranteed income annuity contracts issued by GLAIC. GLAIC pays commissions and other marketing related expenses to CBC. Certain officers and directors of GLAIC are also officers and directors of CBC.

**(5)** **Capital Transactions** 

All dividends and capital gain distributions of the Portfolios are automatically reinvested in shares of the distributing Portfolios at their net asset value on the date of distribution. In other words, Portfolio dividends or Portfolio distributions are not paid to policy owners as additional units, but instead are reflected in unit values.

The increase (decrease) in outstanding units and amounts by subaccount from capital transactions for the years or lesser periods ended December 31, 2025 and 2024 are reflected in the Statements of Changes in Net Assets.

**(6)** **Financial Highlights** 

GLAIC's variable life insurance products have unique combinations of features and fees that are assessed to the policy owner. Differences in fee structures result in a variety of policy expense rates, unit values, and total returns. A summary by subaccount of the outstanding units, unit values, net assets, expense ratios, investment income ratios and total return ratios for the years or lesser periods ended December 31, 2025, 2024, 2023, 2022, and 2021 follows. This information is presented as a range of based upon product grouping. Expenses as a percent of average net assets are presented as a range of lowest to highest

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##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

policy expense rate. The unit value and total return ranges are presented to correlate to the respective expense rate. Accordingly, some individual policy amounts may not be within the ranges presented due to the timing of the introduction of new funds.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
|  AB Variable Products Series Fund, Inc. | AB Variable Products Series Fund, Inc. | AB Variable Products Series Fund, Inc. | AB Variable Products Series Fund, Inc. | AB Variable Products Series Fund, Inc. | AB Variable Products Series Fund, Inc. | AB Variable Products Series Fund, Inc. |
| &nbsp;&nbsp;&nbsp;&nbsp; AB VPS International Value Portfolio — Class B |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 48333 | 23.04 to 19.86 | 1034 | 2.35% | 41.27% to 40.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 49329 | 16.31 to 14.16 | 750 | 2.33% | 4.81% to 4.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 50731 | 15.56 to 13.60 | 739 | 0.66% | 14.83% to 14.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 62300 | 13.55 to 11.93 | 785 | 4.10% | (13.79)% to (14.40)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 65277 | 15.72 to 13.94 | 961 | 1.71% | 10.85% to 10.08% |
| &nbsp;&nbsp;&nbsp;&nbsp; AB VPS Large Cap Growth Portfolio — Class B |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 22962 | 102.78 to 54.83 | 1367 | 0.00% | 12.85% to 12.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 23826 | 91.07 to 48.93 | 1261 | 0.00% | 24.95% to 24.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 23877 | 72.89 to 39.44 | 1017 | 0.00% | 34.79% to 33.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 24471 | 54.07 to 29.46 | 776 | 0.00% | (28.69)% to (29.19)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 26390 | 75.83 to 41.61 | 1188 | 0.00% | 28.65% to 27.75% |
| &nbsp;&nbsp;&nbsp;&nbsp; AB VPS Relative Value Portfolio — Class B |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 100313 | 62.79 to 52.48 | 5658 | 0.89% | 10.20% to 8.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 103059 | 56.98 to 48.25 | 5286 | 1.26% | 12.76% to 11.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 111864 | 50.53 to 43.35 | 5094 | 1.27% | 11.72% to 10.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 123460 | 45.23 to 39.31 | 5049 | 1.11% | (4.42)% to (5.66)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 132538 | 47.32 to 41.67 | 5685 | 0.64% | 27.84% to 26.18% |
| &nbsp;&nbsp;&nbsp;&nbsp; AB VPS Small Cap Growth Portfolio — Class B |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 6583 | 61.95 to 46.49 | 329 | 0.00% | 4.45% to 3.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 6658 | 59.31 to 44.82 | 320 | 0.00% | 18.44% to 17.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 6909 | 50.07 to 38.11 | 281 | 0.00% | 17.73% to 16.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 7725 | 42.53 to 32.60 | 267 | 0.00% | (39.26)% to (39.69)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 8159 | 70.03 to 54.05 | 466 | 0.00% | 9.20% to 8.44% |
| &nbsp;&nbsp;&nbsp;&nbsp; AB VPS Sustainable Global Thematic Portfolio — Class B |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 6723 | 52.52 to 44.78 | 320 | 0.00% | 6.03% to 5.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 7151 | 49.53 to 42.53 | 321 | 0.00% | 5.96% to 5.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 7263 | 46.75 to 40.43 | 310 | 0.03% | 15.70% to 14.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 7246 | 40.40 to 35.19 | 269 | 0.00% | (27.17)% to (27.68)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 7004 | 55.47 to 48.65 | 359 | 0.00% | 22.57% to 21.71% |
|  AIM Variable Insurance Funds (Invesco Variable Insurance Funds) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. American Franchise Fund — Series I shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 28717 | 62.22 to 56.51 | 1657 | 0.00% | 11.66% to 10.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 30226 | 55.72 to 50.97 | 1569 | 0.00% | 34.89% to 33.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 31434 | 41.31 to 38.05 | 1217 | 0.00% | 40.93% to 39.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 32699 | 29.31 to 27.19 | 903 | 0.00% | (31.11)% to (31.59)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 34667 | 42.55 to 39.75 | 1400 | 0.00% | 11.93% to 11.14% |

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##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. American Franchise Fund — Series II shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 4798 | 84.76 to 71.77 | 384 | 0.00% | 11.39% to 10.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 4889 | 76.09 to 64.89 | 352 | 0.00% | 34.56% to 33.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 5534 | 56.55 to 48.56 | 298 | 0.00% | 40.60% to 39.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 5618 | 40.22 to 34.78 | 219 | 0.00% | (31.30)% to (31.78)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 6669 | 58.54 to 50.98 | 374 | 0.00% | 11.65% to 10.87% |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. American Value Fund — Series II shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 43665 | 18.65 to 18.04 | 805 | 0.22% | 20.76% to 19.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 44228 | 15.44 to 15.05 | 677 | 0.80% | 30.10% to 29.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 45039 | 11.87 to 11.65 | 531 | 0.36% | 15.29% to 14.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 51536 | 10.29 to 10.17 | 529 | 0.45% | (2.86)% to (3.54)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 (4) | 0.00% to 0.70% | 59789 | 10.60 to 10.55 | 633 | 0.23% | 5.98% to 5.48% |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Comstock Fund — Series II shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 13630 | 68.43 to 57.94 | 880 | 1.44% | 17.14% to 16.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 14525 | 58.42 to 49.81 | 805 | 1.51% | 14.87% to 14.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 16355 | 50.86 to 43.67 | 791 | 1.38% | 12.09% to 11.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 27183 | 45.37 to 39.23 | 1147 | 1.38% | 0.85% to 0.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 29994 | 44.99 to 39.18 | 1266 | 1.51% | 33.04% to 32.11% |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Core Equity Fund — Series I shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 30811 | 52.69 to 45.88 | 1508 | 0.65% | 16.17% to 15.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 34315 | 45.35 to 39.77 | 1453 | 0.71% | 25.61% to 24.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 35688 | 36.11 to 31.89 | 1206 | 0.75% | 23.36% to 22.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 36581 | 29.27 to 26.03 | 1005 | 0.91% | (20.55)% to (21.10)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 40634 | 36.84 to 32.99 | 1410 | 0.68% | 27.74% to 26.85% |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Core Plus Bond Fund — Series I shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 120722 | 10.87 to 10.63 | 1304 | 4.30% | 6.34% to 5.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 108651 | 10.22 to 10.06 | 1106 | 3.41% | 2.33% to 1.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 130630 | 9.99 to 9.89 | 1300 | 2.75% | 5.40% to 4.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 (5) | 0.70% to 1.30% | 125975 | 9.48 to 9.44 | 1192 | 0.86% | (5.24)% to (5.63)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Discovery Large Cap Fund — Series I shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 20309 | 400.79 to 244.73 | 6974 | 0.00% | 12.01% to 11.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 21421 | 357.83 to 219.81 | 6617 | 0.00% | 33.22% to 32.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 22131 | 268.61 to 166.01 | 5144 | 0.00% | 34.43% to 33.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 24379 | 199.81 to 124.23 | 4205 | 0.00% | (31.27)% to (31.68)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 29093 | 290.70 to 181.84 | 7080 | 0.00% | 21.71% to 20.98% |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Discovery Large Cap Fund — Series II Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 9767 | 92.78 to 79.12 | 843 | 0.00% | 12.53% to 11.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 10205 | 82.45 to 70.80 | 788 | 0.00% | 33.83% to 32.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 10686 | 61.61 to 53.28 | 617 | 0.00% | 35.03% to 34.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 11092 | 45.63 to 39.74 | 477 | 0.00% | (30.96)% to (31.45)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 12324 | 66.09 to 57.96 | 771 | 0.00% | 22.28% to 21.42% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Discovery Mid Cap Growth Fund — Series I shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 26769 | 256.71 to 177.08 | 6014 | 0.00% | 4.06% to 3.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 27932 | 246.70 to 171.20 | 6067 | 0.00% | 23.36% to 22.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 30079 | 199.99 to 139.63 | 5311 | 0.00% | 12.36% to 11.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 33061 | 177.99 to 125.02 | 5188 | 0.00% | (31.46)% to (31.88)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 35050 | 259.71 to 183.52 | 8032 | 0.00% | 18.27% to 17.55% |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Discovery Mid Cap Growth Fund — Series II shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 3552 | 77.00 to 65.66 | 258 | 0.00% | 4.53% to 3.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 3573 | 73.66 to 63.25 | 249 | 0.00% | 23.92% to 23.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 3647 | 59.44 to 51.41 | 205 | 0.00% | 12.85% to 12.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 3821 | 52.67 to 45.87 | 191 | 0.00% | (31.13)% to (31.61)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 4071 | 76.48 to 67.08 | 295 | 0.00% | 18.79% to 17.96% |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. EQV International Equity Fund — Series II shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 23476 | 36.65 to 31.59 | 820 | 1.20% | 16.23% to 15.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 23715 | 31.53 to 27.37 | 715 | 1.50% | 0.34% to (0.36)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 26198 | 31.43 to 27.47 | 792 | 0.00% | 17.87% to 17.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 24963 | 26.66 to 23.47 | 640 | 1.44% | (18.50)% to (19.07)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 24911 | 32.72 to 29.01 | 786 | 0.99% | 5.61% to 4.87% |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Equity and Income Fund — Series I shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 131498 | 11.97 to 11.85 | 1566 | 2.12% | 12.02% to 11.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 (7) | 0.70% to 1.30% | 136459 | 10.69 to 10.64 | 1455 | 1.64% | 6.85% to 6.41% |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Equity and Income Fund — Series II shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 23221 | 12.06 to 11.92 | 280 | 1.92% | 12.52% to 11.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 (7) | 0.00% to 0.70% | 22473 | 10.72 to 10.67 | 241 | 1.57% | 7.19% to 6.68% |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Global Fund — Series II shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 67269 | 77.77 to 52.60 | 3868 | 0.00% | 15.01% to 14.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 73196 | 67.62 to 46.06 | 3697 | 0.00% | 15.78% to 14.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 78329 | 58.40 to 40.06 | 3446 | 0.00% | 34.45% to 33.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 82438 | 43.44 to 30.01 | 2704 | 0.00% | (31.94)% to (32.41)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 89698 | 63.82 to 44.40 | 4348 | 0.00% | 15.17% to 14.36% |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Global Strategic Income Fund — Series I shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 65472 | 12.54 to 11.58 | 812 | 5.49% | 12.19% to 11.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 67321 | 11.17 to 10.38 | 744 | 3.04% | 2.43% to 1.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 73652 | 10.91 to 10.20 | 794 | 0.00% | 8.12% to 7.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 75305 | 10.09 to 9.49 | 751 | 0.00% | (12.08)% to (12.61)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 76043 | 11.47 to 10.86 | 863 | 4.70% | (4.09)% to (4.67)% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Main Street Fund<sup>®</sup> — Series II shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 42258 | 73.80 to 48.05 | 2305 | 0.32% | 15.64% to 14.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 45086 | 63.82 to 41.84 | 2131 | 0.00% | 23.39% to 22.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 46596 | 51.72 to 34.15 | 1790 | 0.50% | 22.83% to 21.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 49183 | 42.11 to 28.00 | 1540 | 1.10% | (20.31)% to (20.87)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 55230 | 52.84 to 35.38 | 2192 | 0.52% | 27.23% to 26.34% |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco V.I. Main Street Small Cap Fund<sup>®</sup> — Series II shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 12519 | 96.55 to 82.33 | 1144 | 0.24% | 8.44% to 7.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 12915 | 89.04 to 76.46 | 1093 | 0.00% | 12.41% to 11.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 13257 | 79.21 to 68.50 | 1000 | 0.83% | 17.82% to 17.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 18308 | 67.23 to 58.55 | 1157 | 0.25% | (16.04)% to (16.63)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 19372 | 80.08 to 70.23 | 1460 | 0.18% | 22.26% to 21.41% |
|  Allspring Variable Trust |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring VT Discovery All Cap Growth Fund — Class 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 4139 | 75.87 to 68.06 | 311 | 0.00% | 15.27% to 14.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 4186 | 65.82 to 59.46 | 273 | 0.00% | 21.00% to 20.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 3949 | 54.40 to 49.49 | 214 | 0.00% | 33.17% to 32.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 4551 | 40.85 to 37.42 | 185 | 0.00% | (37.20)% to (37.64)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 4585 | 65.04 to 60.01 | 297 | 0.00% | 14.97% to 14.17% |
|  BNY Mellon |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BNY Mellon Sustainable U.S. Equity Portfolio, Inc. — Initial Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 3570 | 73.03 to 39.31 | 145 | 0.25% | 15.97% to 15.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 5113 | 62.98 to 34.13 | 191 | 0.53% | 24.89% to 24.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 5998 | 50.43 to 27.53 | 178 | 0.70% | 23.82% to 22.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 5785 | 40.72 to 22.39 | 140 | 0.51% | (22.87)% to (23.41)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 6159 | 52.80 to 29.23 | 194 | 0.74% | 27.00% to 26.11% |
|  BlackRock Variable Series Funds, Inc. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Advantage SMID Cap V.I. Fund — Class III Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 3426 | 58.49 to 50.22 | 194 | 1.56% | 10.87% to 10.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 3588 | 52.75 to 45.62 | 182 | 1.41% | 11.70% to 10.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 3964 | 47.22 to 41.13 | 180 | 1.99% | 18.63% to 17.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 3965 | 39.81 to 34.91 | 152 | 1.58% | (16.68)% to (17.26)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 4804 | 47.78 to 42.19 | 219 | 1.15% | 13.35% to 12.56% |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Basic Value V.I. Fund — Class III Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 5521 | 55.09 to 47.30 | 289 | 1.91% | 24.04% to 23.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 5660 | 44.41 to 38.40 | 239 | 1.77% | 10.05% to 9.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 5806 | 40.35 to 35.14 | 223 | 1.56% | 16.24% to 15.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 5956 | 34.71 to 30.45 | 197 | 1.18% | (5.12)% to (5.79)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 6100 | 36.59 to 32.32 | 213 | 0.96% | 21.34% to 20.49% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Global Allocation V.I. Fund — Class III Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 38500 | 40.17 to 34.74 | 1491 | 5.26% | 19.51% to 18.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 27840 | 33.61 to 29.27 | 890 | 1.47% | 8.93% to 8.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 28793 | 30.86 to 27.06 | 848 | 2.54% | 12.49% to 11.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 29827 | 27.43 to 24.23 | 784 | 0.00% | (16.07)% to (16.66)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 30798 | 32.68 to 29.07 | 964 | 0.82% | 6.42% to 5.67% |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Large Cap Focus Growth V.I. Fund — Class III Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 10403 | 97.35 to 83.59 | 986 | 0.00% | 11.48% to 10.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 10544 | 87.32 to 75.51 | 897 | 0.00% | 31.39% to 30.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 10952 | 66.46 to 57.88 | 711 | 0.00% | 52.47% to 51.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 11166 | 43.59 to 38.23 | 476 | 0.00% | (38.25)% to (38.68)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 10889 | 70.59 to 62.35 | 751 | 0.00% | 17.78% to 16.96% |
|  Columbia Funds Variable Series Trust II |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CTIVP<sup>®</sup> — Principal Large Cap Growth Fund — Class 1 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 36095 | 39.19 to 36.62 | 1386 | 0.00% | 13.78% to 12.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 39419 | 34.45 to 32.41 | 1333 | 0.00% | 21.42% to 20.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 40361 | 28.37 to 26.88 | 1126 | 0.00% | 39.54% to 38.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 40555 | 20.33 to 19.40 | 812 | 0.00% | (28.00)% to (28.51)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 45078 | 28.24 to 27.14 | 1259 | 0.00% | 18.57% to 17.74% |
| &nbsp;&nbsp;&nbsp;&nbsp; Columbia Variable Portfolio — Overseas Core Fund — Class 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 30088 | 21.66 to 20.23 | 634 | 1.72% | 37.86% to 36.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 32905 | 15.71 to 14.78 | 506 | 4.13% | 3.24% to 2.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 34775 | 15.22 to 14.42 | 519 | 1.71% | 15.32% to 14.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 38610 | 13.20 to 12.59 | 501 | 0.76% | (14.90)% to (15.50)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 39709 | 15.51 to 14.90 | 607 | 1.09% | 9.74% to 8.98% |
|  Eaton Vance Variable Trust |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; VT Floating-Rate Income Fund |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 22881 | 23.62 to 20.14 | 508 | 6.70% | 3.95% to 3.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 24047 | 22.72 to 19.51 | 514 | 7.86% | 7.68% to 6.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 25895 | 21.10 to 18.25 | 518 | 8.19% | 11.21% to 10.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 26459 | 18.98 to 16.53 | 479 | 4.61% | (2.73)% to (3.41)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 34413 | 19.51 to 17.11 | 656 | 2.90% | 3.63% to 2.90% |
|  Federated Hermes Insurance Series |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Federated Hermes High Income Bond Fund II — Primary Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 8121 | 56.67 to 47.02 | 425 | 6.05% | 7.47% to 6.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 9261 | 52.73 to 44.01 | 452 | 4.79% | 5.52% to 4.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 7632 | 49.98 to 41.97 | 360 | 6.07% | 11.93% to 11.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 8789 | 44.65 to 37.72 | 374 | 5.59% | (12.40)% to (12.92)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 9163 | 50.97 to 43.32 | 445 | 4.84% | 4.11% to 3.49% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Federated Hermes High Income Bond Fund II — Service Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 22161 | 43.34 to 34.60 | 875 | 5.72% | 8.18% to 7.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 23105 | 40.06 to 32.21 | 847 | 5.28% | 5.85% to 5.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 24539 | 37.84 to 30.64 | 853 | 5.54% | 12.47% to 11.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 24976 | 33.65 to 27.44 | 773 | 5.37% | (11.92)% to (12.54)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 25916 | 38.20 to 31.37 | 912 | 4.62% | 4.44% to 3.71% |
| &nbsp;&nbsp;&nbsp;&nbsp; Federated Hermes Kaufmann Fund II — Service Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 11529 | 85.64 to 73.02 | 937 | 0.00% | 11.26% to 10.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 12726 | 76.97 to 66.09 | 935 | 0.64% | 16.78% to 15.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 14260 | 65.91 to 57.00 | 897 | 0.00% | 14.86% to 14.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 15492 | 57.38 to 49.97 | 851 | 0.00% | (30.26)% to (30.75)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 19378 | 82.28 to 72.16 | 1527 | 0.00% | 2.26% to 1.55% |
| &nbsp;&nbsp;&nbsp;&nbsp; Federated Hermes Managed Volatility Fund II — Primary Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 10825 | 50.99 to 42.30 | 534 | 2.90% | 6.29% to 5.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 11499 | 47.97 to 40.04 | 532 | 2.37% | 14.74% to 14.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 14136 | 41.81 to 35.11 | 564 | 1.75% | 7.92% to 7.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 13466 | 38.74 to 32.73 | 496 | 1.90% | (14.36)% to (14.87)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 14898 | 45.24 to 38.44 | 641 | 1.95% | 17.68% to 16.98% |
|  Fidelity<sup>®</sup> Variable Insurance Products Fund |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Asset Manager 50% Portfolio — Initial Class |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 48632 | 101.58 to 81.65 | 4516 | 2.51% | 14.18% to 13.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 51854 | 88.97 to 71.94 | 4212 | 2.29% | 7.73% to 7.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 58950 | 82.58 to 67.18 | 4420 | 2.31% | 12.16% to 11.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 62740 | 73.63 to 60.26 | 4203 | 2.07% | (15.53)% to (16.04)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 64392 | 87.17 to 71.77 | 5127 | 1.63% | 9.15% to 8.49% |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Asset Manager 50% Portfolio — Service Class 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 4631 | 36.01 to 30.93 | 148 | 2.50% | 14.65% to 13.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 4519 | 31.41 to 27.16 | 127 | 2.40% | 8.23% to 7.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 4394 | 29.02 to 25.28 | 115 | 2.26% | 12.65% to 11.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 4255 | 25.76 to 22.59 | 100 | 1.95% | (15.15)% to (15.74)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 4098 | 30.36 to 26.82 | 114 | 1.30% | 9.68% to 8.91% |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Balanced Portfolio — Service Class 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 18064 | 49.99 to 43.54 | 866 | 1.60% | 14.96% to 14.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 18595 | 43.49 to 38.14 | 776 | 1.72% | 15.63% to 14.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 18956 | 37.61 to 33.22 | 685 | 1.56% | 21.23% to 20.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 19224 | 31.02 to 27.59 | 574 | 1.06% | (18.19)% to (18.76)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 19823 | 37.92 to 33.96 | 726 | 0.68% | 17.99% to 17.17% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Contrafund<sup>®</sup> Portfolio — Initial Class |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 88040 | 309.52 to 256.79 | 24852 | 0.14% | 20.63% to 19.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 94963 | 256.59 to 214.16 | 22238 | 0.19% | 32.85% to 32.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 102052 | 193.14 to 162.19 | 18037 | 0.48% | 32.52% to 31.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 112078 | 145.75 to 123.12 | 15009 | 0.49% | (26.83)% to (27.27)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 122032 | 199.18 to 169.28 | 22420 | 0.06% | 26.94% to 26.18% |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Contrafund<sup>®</sup> Portfolio — Service Class 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 88695 | 132.09 to 88.40 | 8678 | 0.00% | 21.19% to 20.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 98134 | 108.99 to 73.46 | 8025 | 0.03% | 33.45% to 32.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 110758 | 81.67 to 55.44 | 6815 | 0.26% | 33.12% to 32.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 127821 | 61.36 to 41.94 | 5884 | 0.25% | (26.49)% to (27.00)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 140392 | 83.46 to 57.45 | 8910 | 0.03% | 27.51% to 26.62% |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Dynamic Capital Appreciation Portfolio — Service Class 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 3861 | 119.52 to 101.91 | 397 | 0.42% | 18.49% to 17.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 4057 | 100.87 to 86.62 | 356 | 0.05% | 25.19% to 24.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 4425 | 80.57 to 69.68 | 312 | 0.12% | 28.72% to 27.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 4695 | 62.59 to 54.51 | 259 | 0.11% | (21.05)% to (21.60)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 4541 | 79.28 to 69.53 | 319 | 0.12% | 24.27% to 23.40% |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Equity-Income Portfolio<sup>SM</sup> — Initial Class |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 44308 | 257.31 to 176.95 | 9934 | 1.79% | 18.19% to 17.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 47183 | 217.72 to 150.62 | 8958 | 1.73% | 14.53% to 13.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 54070 | 190.09 to 132.31 | 8895 | 1.84% | 9.88% to 9.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 66487 | 173.00 to 121.14 | 9731 | 1.85% | (5.62)% to (6.19)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 72435 | 183.31 to 129.14 | 11253 | 1.86% | 24.02% to 23.28% |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Equity-Income Portfolio<sup>SM</sup> — Service Class 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 49275 | 63.01 to 49.44 | 2674 | 1.66% | 18.75% to 17.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 52935 | 53.07 to 41.93 | 2429 | 1.61% | 15.06% to 14.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 56777 | 46.12 to 36.70 | 2276 | 1.77% | 10.38% to 9.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 59026 | 41.79 to 33.48 | 2147 | 1.70% | (5.25)% to (5.91)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 64392 | 44.10 to 35.59 | 2491 | 1.65% | 24.60% to 23.73% |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Growth & Income Portfolio — Initial Class |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 26526 | 102.43 to 86.18 | 2643 | 1.57% | 20.65% to 19.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 27391 | 84.90 to 71.86 | 2268 | 1.44% | 21.35% to 20.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 29071 | 69.96 to 59.57 | 1981 | 1.68% | 17.89% to 17.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 30080 | 59.34 to 50.84 | 1739 | 1.62% | (5.61)% to (6.18)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 30028 | 62.87 to 54.19 | 1863 | 2.37% | 25.07% to 24.32% |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Growth & Income Portfolio — Service Class 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 26729 | 80.34 to 55.13 | 1714 | 1.31% | 21.21% to 20.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 31455 | 66.28 to 45.80 | 1662 | 1.25% | 21.96% to 21.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 33749 | 54.35 to 37.82 | 1454 | 1.47% | 18.37% to 17.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 35903 | 45.91 to 32.18 | 1312 | 1.38% | (5.17)% to (5.84)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 40699 | 48.42 to 34.17 | 1582 | 2.25% | 25.64% to 24.76% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Growth Opportunities Portfolio — Initial Class |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 12936 | 143.71 to 120.91 | 1805 | 0.00% | 21.10% to 20.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 16158 | 118.68 to 100.45 | 1846 | 0.00% | 37.91% to 37.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 15881 | 86.05 to 73.28 | 1328 | 0.00% | 44.63% to 43.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 18746 | 59.50 to 50.97 | 1089 | 0.00% | (38.58)% to (38.95)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 23957 | 96.87 to 83.49 | 2215 | 0.00% | 11.16% to 10.49% |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Growth Portfolio — Initial Class |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 53023 | 536.32 to 353.67 | 23644 | 0.29% | 14.09% to 13.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 55568 | 470.06 to 311.85 | 21859 | 0.00% | 29.47% to 28.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 59216 | 363.07 to 242.34 | 18128 | 0.13% | 35.29% to 34.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 63805 | 268.37 to 180.21 | 14534 | 0.62% | (24.98)% to (25.43)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 69665 | 357.75 to 241.68 | 21182 | 0.00% | 22.35% to 21.62% |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Growth Portfolio — Service Class 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 68091 | 107.47 to 61.39 | 4467 | 0.05% | 14.61% to 13.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 80098 | 93.77 to 53.94 | 4698 | 0.00% | 30.07% to 29.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 83416 | 72.09 to 41.77 | 3792 | 0.00% | 35.89% to 34.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 87706 | 53.05 to 30.95 | 2953 | 0.35% | (24.64)% to (25.17)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 91593 | 70.40 to 41.36 | 4111 | 0.00% | 22.90% to 22.04% |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Mid Cap Portfolio — Service Class 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 61105 | 101.11 to 83.60 | 5228 | 0.24% | 11.49% to 10.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 67134 | 90.69 to 75.97 | 5245 | 0.35% | 17.18% to 15.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 71876 | 77.40 to 65.70 | 4845 | 0.38% | 14.80% to 13.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 81588 | 67.42 to 57.97 | 4800 | 0.26% | (14.97)% to (16.07)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 89286 | 79.28 to 69.07 | 6243 | 0.36% | 25.31% to 23.68% |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Overseas Portfolio — Initial Class |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 41509 | 92.96 to 61.20 | 3361 | 1.62% | 19.55% to 18.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 41834 | 77.76 to 51.50 | 2856 | 1.66% | 4.31% to 3.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 42295 | 74.55 to 49.67 | 2741 | 1.02% | 19.67% to 18.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 48256 | 62.30 to 41.76 | 2596 | 1.07% | (25.01)% to (25.46)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 50466 | 83.08 to 56.03 | 3619 | 0.52% | 18.86% to 18.15% |
| &nbsp;&nbsp;&nbsp;&nbsp; VIP Value Strategies Portfolio — Service Class 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 10684 | 58.31 to 50.07 | 609 | 0.81% | 7.70% to 6.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 11319 | 54.14 to 46.82 | 601 | 0.76% | 9.16% to 8.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 13289 | 49.60 to 43.20 | 647 | 0.94% | 20.61% to 19.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 13643 | 41.12 to 36.07 | 548 | 0.89% | (7.35)% to (8.00)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 13199 | 44.39 to 39.20 | 574 | 1.29% | 33.34% to 32.41% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
|  Franklin Templeton Variable Insurance Products Trust |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Franklin Income VIP Fund — Class 2 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 25962 | 35.82 to 30.97 | 915 | 4.97% | 12.56% to 11.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 27574 | 31.82 to 27.71 | 865 | 5.16% | 7.20% to 6.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 28390 | 29.68 to 26.03 | 831 | 5.10% | 8.62% to 7.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 32177 | 27.33 to 24.14 | 869 | 4.85% | (5.47)% to (6.13)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 46778 | 28.91 to 25.71 | 1342 | 4.65% | 16.75% to 15.94% |
| &nbsp;&nbsp;&nbsp;&nbsp; Franklin Mutual Shares VIP Fund — Class 2 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 12771 | 30.69 to 26.73 | 377 | 2.07% | 11.52% to 10.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 12728 | 27.52 to 24.14 | 338 | 1.98% | 11.27% to 10.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 14326 | 24.74 to 21.85 | 343 | 1.87% | 13.46% to 12.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 15879 | 21.80 to 19.39 | 337 | 1.78% | (7.43)% to (8.08)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 18670 | 23.55 to 21.09 | 430 | 2.76% | 19.17% to 18.33% |
| &nbsp;&nbsp;&nbsp;&nbsp; Templeton Foreign VIP Fund — Class 1 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 23507 | 24.02 to 21.16 | 541 | 2.50% | 28.60% to 27.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 25661 | 18.68 to 16.55 | 461 | 2.60% | (1.49)% to (2.09)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 28702 | 18.96 to 16.91 | 525 | 3.39% | 20.25% to 19.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 35023 | 15.77 to 14.14 | 536 | 3.44% | (8.03)% to (8.58)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 32543 | 17.15 to 15.47 | 547 | 2.03% | 3.70% to 3.08% |
| &nbsp;&nbsp;&nbsp;&nbsp; Templeton Global Bond VIP Fund — Class 1 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 51898 | 17.94 to 15.81 | 849 | 0.00% | 15.27% to 14.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 52009 | 15.57 to 13.79 | 741 | 0.00% | (11.76)% to (12.29)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 54719 | 17.64 to 15.73 | 890 | 0.00% | 2.47% to 1.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 58990 | 17.21 to 15.44 | 941 | 0.00% | (5.51)% to (6.08)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 50127 | 18.22 to 16.44 | 860 | 0.00% | (5.29)% to (5.86)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Templeton Growth VIP Fund — Class 2 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 5898 | 24.54 to 21.37 | 142 | 0.87% | 23.83% to 22.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 6050 | 19.82 to 17.38 | 118 | 0.94% | 5.40% to 4.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 6228 | 18.80 to 16.60 | 115 | 3.39% | 21.01% to 20.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 7852 | 15.54 to 13.82 | 120 | 0.15% | (11.50)% to (12.12)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 9478 | 17.56 to 15.72 | 165 | 1.11% | 4.87% to 4.14% |
|  Goldman Sachs Variable Insurance Trust |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Government Money Market Fund — Service Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 924136 | 12.08 to 10.14 | 9987 | 3.86% | 3.94% to 2.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 902325 | 11.62 to 9.88 | 9479 | 4.79% | 4.91% to 3.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 923181 | 11.07 to 9.54 | 9387 | 4.69% | 4.79% to 3.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 849775 | 10.57 to 9.22 | 8308 | 1.36% | 1.37% to 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 865690 | 10.42 to 9.22 | 8441 | 0.01% | 0.01% to (1.29)% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Large Cap Value Fund — Institutional Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 31128 | 39.01 to 33.02 | 1158 | 1.13% | 10.11% to 9.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 30605 | 35.43 to 30.17 | 1035 | 1.35% | 16.27% to 15.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 34006 | 30.47 to 26.10 | 986 | 1.80% | 12.22% to 11.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 34780 | 27.15 to 23.40 | 899 | 1.39% | (7.02)% to (7.58)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 35589 | 29.20 to 25.32 | 992 | 1.19% | 23.26% to 22.52% |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Mid Cap Value Fund — Institutional Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 53133 | 57.05 to 75.47 | 4325 | 1.17% | 9.39% to 7.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 55652 | 52.16 to 69.89 | 4173 | 1.02% | 12.40% to 10.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 58757 | 46.40 to 63.01 | 3957 | 1.01% | 11.42% to 9.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 62992 | 41.65 to 57.29 | 3841 | 0.68% | (9.99)% to (11.15)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 67278 | 46.27 to 64.48 | 4607 | 0.48% | 30.95% to 29.25% |
|  Janus Aspen Series | Janus Aspen Series | Janus Aspen Series | Janus Aspen Series | Janus Aspen Series | Janus Aspen Series | Janus Aspen Series |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Balanced Portfolio — Institutional Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 58207 | 135.47 to 112.89 | 7315 | 2.06% | 14.30% to 13.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 60015 | 118.52 to 99.37 | 6623 | 2.03% | 14.61% to 13.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 68836 | 103.41 to 87.23 | 6638 | 2.10% | 14.61% to 13.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 73148 | 90.23 to 76.57 | 6158 | 1.39% | (16.99)% to (17.48)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 77729 | 108.69 to 92.79 | 7883 | 1.10% | 16.38% to 15.68% |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Balanced Portfolio — Service Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 61995 | 67.15 to 51.11 | 3352 | 1.71% | 14.82% to 14.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 65170 | 58.48 to 44.82 | 3085 | 1.76% | 15.15% to 14.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 68063 | 50.79 to 39.20 | 2827 | 1.79% | 15.13% to 14.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 73816 | 44.11 to 34.29 | 2682 | 1.10% | (16.62)% to (17.20)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 81965 | 52.91 to 41.41 | 3602 | 0.87% | 16.91% to 16.09% |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Enterprise Portfolio — Institutional Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 54025 | 199.41 to 164.62 | 10375 | 0.32% | 6.92% to 6.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 55913 | 186.51 to 154.90 | 10069 | 0.74% | 14.79% to 14.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 61897 | 162.47 to 135.76 | 9705 | 0.16% | 17.25% to 16.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 67256 | 138.57 to 116.49 | 9003 | 0.37% | (16.53)% to (17.03)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 70591 | 166.01 to 140.39 | 11334 | 0.32% | 16.01% to 15.32% |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Enterprise Portfolio — Service Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 29883 | 119.91 to 36.65 | 1347 | 0.18% | 7.41% to 6.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 30652 | 111.63 to 34.36 | 1287 | 0.64% | 15.32% to 14.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 33656 | 96.80 to 30.00 | 1225 | 0.09% | 17.78% to 16.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 36084 | 82.19 to 25.66 | 1123 | 0.26% | (16.15)% to (16.74)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 41836 | 98.02 to 30.81 | 1535 | 0.24% | 16.54% to 15.73% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Flexible Bond Portfolio — Institutional Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 47639 | 36.29 to 30.24 | 1604 | 5.32% | 6.65% to 6.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 45559 | 34.03 to 28.53 | 1446 | 4.73% | 1.24% to 0.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 50160 | 33.61 to 28.35 | 1555 | 4.34% | 4.77% to 4.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 49199 | 32.08 to 27.22 | 1451 | 2.65% | (14.26)% to (14.78)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 50719 | 37.42 to 31.94 | 1749 | 2.70% | (1.59)% to (2.18)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Forty Portfolio — Institutional Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 33554 | 258.83 to 217.76 | 8204 | 0.30% | 17.32% to 16.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 37156 | 220.63 to 186.74 | 7759 | 0.11% | 27.56% to 26.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 38875 | 172.96 to 147.28 | 6374 | 0.19% | 38.99% to 38.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 42062 | 124.44 to 106.61 | 4957 | 0.18% | (34.02)% to (34.41)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 49089 | 188.60 to 162.54 | 8739 | 0.50% | 22.04% to 21.30% |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Forty Portfolio — Service Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 27222 | 148.05 to 75.33 | 2298 | 0.26% | 17.86% to 17.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 27853 | 125.61 to 64.36 | 2001 | 0.01% | 28.14% to 27.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 29969 | 98.03 to 50.59 | 1677 | 0.13% | 39.65% to 38.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 31471 | 70.20 to 36.48 | 1261 | 0.05% | (33.73)% to (34.19)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 33963 | 105.92 to 55.43 | 2111 | 0.53% | 22.60% to 21.74% |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Global Research Portfolio — Institutional Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 65830 | 120.14 to 99.19 | 7612 | 0.74% | 20.07% to 19.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 69644 | 100.06 to 83.10 | 6715 | 0.75% | 22.71% to 21.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 75072 | 81.54 to 68.14 | 5899 | 0.93% | 25.89% to 25.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 78410 | 64.77 to 54.45 | 4895 | 1.62% | (19.97)% to (20.46)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 85074 | 80.94 to 68.45 | 6648 | 0.52% | 17.26% to 16.56% |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Global Research Portfolio — Service Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 25768 | 56.57 to 29.33 | 856 | 0.58% | 20.60% to 19.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 26836 | 46.90 to 24.49 | 739 | 0.60% | 23.27% to 22.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 28378 | 38.05 to 20.01 | 637 | 0.78% | 26.47% to 25.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 29724 | 30.09 to 15.93 | 529 | 1.49% | (19.61)% to (20.17)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 31415 | 37.43 to 19.96 | 701 | 0.37% | 17.80% to 16.97% |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Global Technology and Innovation Portfolio — Service Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 37584 | 175.37 to 49.38 | 2281 | 0.00% | 24.84% to 23.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 37876 | 140.48 to 40.07 | 1853 | 0.00% | 31.76% to 30.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 39967 | 106.62 to 30.82 | 1494 | 0.00% | 54.27% to 52.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 37696 | 31.44 to 20.24 | 928 | 0.00% | (37.12)% to (37.94)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 58932 | 50.00 to 32.61 | 2193 | 0.65% | 17.75% to 16.22% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Overseas Portfolio — Institutional Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 45329 | 86.21 to 72.09 | 3648 | 1.44% | 27.97% to 27.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 47845 | 67.36 to 56.67 | 3025 | 1.34% | 5.09% to 4.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 51485 | 64.10 to 54.25 | 3080 | 1.53% | 10.10% to 9.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 54940 | 58.22 to 49.57 | 3003 | 1.74% | (9.24)% to (9.79)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 62475 | 64.15 to 54.95 | 3761 | 1.16% | 12.79% to 12.11% |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Overseas Portfolio — Service Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 6037 | 36.50 to 29.03 | 197 | 1.33% | 28.58% to 27.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 6249 | 28.38 to 22.74 | 159 | 1.30% | 5.58% to 4.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 6477 | 26.88 to 21.69 | 156 | 1.41% | 10.58% to 9.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 7036 | 24.31 to 19.75 | 154 | 1.69% | (8.84)% to (9.47)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 7283 | 26.67 to 21.82 | 175 | 1.02% | 13.29% to 12.49% |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Research Portfolio — Institutional Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 61377 | 181.12 to 149.52 | 10443 | 0.12% | 17.56% to 16.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 68045 | 154.06 to 127.96 | 9899 | 0.03% | 34.36% to 33.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 73106 | 114.67 to 95.82 | 7942 | 0.14% | 42.17% to 41.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 77965 | 80.65 to 67.80 | 5952 | 0.70% | (30.38)% to (30.80)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 81346 | 115.85 to 97.98 | 8949 | 0.10% | 19.49% to 18.77% |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Research Portfolio — Service Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 11362 | 61.51 to 47.57 | 567 | 0.13% | 18.10% to 17.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 11776 | 52.09 to 40.56 | 500 | 0.00% | 34.96% to 34.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 12055 | 38.59 to 30.27 | 384 | 0.06% | 42.81% to 41.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 12829 | 27.03 to 21.34 | 287 | 0.55% | (30.06)% to (30.55)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 14837 | 38.64 to 30.73 | 491 | 0.02% | 20.05% to 19.21% |
|  Legg Mason Partners Variable Equity Trust |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Variable Dividend Strategy Portfolio — Class I |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 22545 | 43.40 to 38.78 | 924 | 2.14% | 11.83% to 11.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 25830 | 38.81 to 34.89 | 955 | 1.33% | 16.02% to 15.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 27617 | 33.45 to 30.25 | 885 | 2.09% | 13.40% to 12.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 29385 | 29.50 to 26.84 | 833 | 1.45% | (8.74)% to (9.29)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 27834 | 32.32 to 29.59 | 864 | 1.54% | 25.91% to 25.16% |
| &nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Variable Dividend Strategy Portfolio — Class II |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 0.70% | 693 | 42.28 to 42.28 | 29 | 1.95% | 11.67% to 11.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 0.70% | 694 | 37.86 to 37.86 | 26 | 1.16% | 15.86% to 15.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 0.70% | 697 | 32.67 to 32.67 | 23 | 1.99% | 13.21% to 13.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 0.70% | 702 | 28.86 to 28.86 | 20 | 0.46% | (8.87)% to (8.87)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 0.70% | 2485 | 31.67 to 31.67 | 79 | 1.39% | 25.73% to 25.73% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Variable Growth Portfolio — Class II |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 5483 | 70.46 to 60.08 | 373 | 0.00% | 13.10% to 12.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 5590 | 62.30 to 53.50 | 338 | 0.11% | 12.42% to 11.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 6196 | 55.42 to 47.93 | 334 | 0.07% | 24.13% to 23.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 6546 | 44.64 to 38.88 | 283 | 0.00% | (26.59)% to (27.10)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 7070 | 60.81 to 53.33 | 414 | 0.17% | 10.04% to 9.27% |
| &nbsp;&nbsp;&nbsp;&nbsp; ClearBridge Variable Large Cap Value Portfolio — Class I |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 13580 | 25.05 to 61.94 | 863 | 1.15% | 10.20% to 8.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 15503 | 22.73 to 56.95 | 838 | 1.24% | 8.08% to 6.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 17242 | 21.03 to 53.39 | 886 | 1.31% | 15.09% to 13.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 18038 | 18.27 to 46.99 | 815 | 1.33% | (6.43)% to (7.64)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 18393 | 19.53 to 50.88 | 936 | 1.05% | 26.21% to 24.57% |
|  Lincoln Variable Insurance Products Trust |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; LVIP American Century Inflation Protection Fund — Service Class |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 9682 | 18.26 to 15.79 | 172 | 6.80% | 6.33% to 5.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 11885 | 17.18 to 14.96 | 199 | 3.77% | 1.54% to 0.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 11902 | 16.92 to 14.83 | 197 | 3.33% | 3.40% to 2.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 11769 | 16.36 to 14.45 | 188 | 5.54% | (13.08)% to (13.68)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 30163 | 18.82 to 16.74 | 562 | 3.15% | 6.27% to 5.52% |
|  MFS<sup>®</sup> Variable Insurance Trust |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MFS<sup>®</sup> Investors Trust Series — Service Class Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 8915 | 74.82 to 48.54 | 560 | 0.58% | 13.32% to 12.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 9685 | 66.02 to 43.14 | 529 | 0.47% | 19.22% to 18.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 9807 | 55.38 to 36.44 | 449 | 0.47% | 18.66% to 17.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 9908 | 46.67 to 30.92 | 382 | 0.39% | (16.69)% to (17.27)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 9946 | 56.01 to 37.38 | 459 | 0.42% | 26.51% to 25.62% |
| &nbsp;&nbsp;&nbsp;&nbsp; MFS<sup>®</sup> New Discovery Series — Service Class Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 17509 | 62.95 to 61.73 | 897 | 0.00% | 12.56% to 11.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 19046 | 55.93 to 55.57 | 869 | 0.00% | 6.44% to 5.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 20674 | 52.55 to 52.90 | 893 | 0.00% | 14.25% to 12.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 22269 | 45.99 to 46.90 | 839 | 0.00% | (29.99)% to (30.90)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 24106 | 65.70 to 67.88 | 1290 | 0.00% | 1.57% to 0.26% |
| &nbsp;&nbsp;&nbsp;&nbsp; MFS<sup>®</sup> Total Return Series — Service Class Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 24840 | 35.56 to 30.75 | 867 | 2.55% | 10.91% to 10.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 24927 | 32.06 to 27.92 | 785 | 2.31% | 7.46% to 6.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 25194 | 29.83 to 26.16 | 739 | 1.85% | 10.22% to 9.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 25685 | 27.07 to 23.91 | 684 | 1.43% | (9.84)% to (10.47)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 35524 | 30.02 to 26.70 | 1055 | 1.62% | 13.84% to 13.04% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; MFS<sup>®</sup> Utilities Series — Service Class Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 32058 | 94.24 to 51.32 | 1765 | 2.57% | 14.76% to 13.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 37962 | 82.12 to 45.03 | 1865 | 2.11% | 11.34% to 10.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 39529 | 73.75 to 40.73 | 1754 | 3.38% | (2.33)% to (3.01)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 42713 | 75.51 to 42.00 | 1955 | 2.21% | 0.48% to (0.22)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 45032 | 75.15 to 42.09 | 2056 | 1.53% | 13.82% to 13.03% |
|  MFS<sup>®</sup> Variable Insurance Trust II |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MFS<sup>®</sup> Massachusetts Investors Growth Stock Portfolio — Service Class Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 36340 | 36.42 to 33.77 | 1279 | 0.02% | 9.61% to 8.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 37937 | 33.23 to 31.02 | 1221 | 0.13% | 15.98% to 15.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 38249 | 28.65 to 26.94 | 1065 | 0.05% | 23.70% to 22.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 39210 | 23.16 to 21.93 | 886 | 0.00% | (19.45)% to (20.01)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 44203 | 28.75 to 27.42 | 1246 | 0.03% | 25.66% to 24.78% |
|  PIMCO Variable Insurance Trust |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; All Asset Portfolio — Advisor Class Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 12308 | 27.97 to 24.19 | 334 | 4.74% | 14.19% to 13.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 11828 | 24.50 to 21.33 | 281 | 6.30% | 3.57% to 2.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 10060 | 23.65 to 20.74 | 230 | 2.84% | 8.02% to 7.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 9479 | 21.89 to 19.34 | 201 | 7.56% | (11.87)% to (12.48)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 9051 | 24.84 to 22.10 | 219 | 10.98% | 16.04% to 15.23% |
| &nbsp;&nbsp;&nbsp;&nbsp; High Yield Portfolio — Administrative Class Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 29246 | 42.81 to 35.26 | 1139 | 6.27% | 8.95% to 8.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 30747 | 39.30 to 32.59 | 1100 | 5.83% | 6.89% to 6.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 36005 | 36.76 to 30.71 | 1224 | 5.66% | 12.22% to 11.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 37703 | 32.76 to 27.56 | 1147 | 5.04% | (10.28)% to (10.91)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 40897 | 36.52 to 30.93 | 1393 | 4.44% | 3.63% to 2.91% |
| &nbsp;&nbsp;&nbsp;&nbsp; International Bond Portfolio (U.S. Dollar Hedged) — Administrative Class Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 4306 | 31.30 to 26.19 | 118 | 3.49% | 3.95% to 3.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 4539 | 30.11 to 25.37 | 120 | 3.60% | 5.46% to 4.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 4899 | 28.55 to 24.23 | 124 | 2.59% | 9.02% to 8.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 4676 | 26.19 to 22.38 | 109 | 1.46% | (10.15)% to (10.78)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 6732 | 29.15 to 25.09 | 180 | 1.58% | (1.96)% to (2.64)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Long-Term U.S. Government Portfolio — Administrative Class Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 48185 | 30.50 to 26.14 | 1354 | 3.27% | 6.29% to 5.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 47276 | 28.69 to 24.77 | 1257 | 2.73% | (6.01)% to (6.68)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 47793 | 30.53 to 26.54 | 1363 | 2.38% | 3.99% to 3.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 49475 | 29.36 to 25.70 | 1365 | 2.04% | (28.87)% to (29.37)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 51295 | 41.27 to 36.39 | 2005 | 1.56% | (4.78)% to (5.45)% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Low Duration Portfolio — Administrative Class Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 39369 | 17.28 to 14.94 | 620 | 3.94% | 5.52% to 4.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 40022 | 16.37 to 14.26 | 596 | 3.98% | 4.50% to 3.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 40085 | 15.67 to 13.74 | 582 | 3.59% | 4.97% to 4.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 43222 | 14.93 to 13.18 | 597 | 1.67% | (5.74)% to (6.40)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 45382 | 15.84 to 14.09 | 667 | 0.53% | (0.93)% to (1.62)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Return Portfolio — Administrative Class Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 167285 | 29.56 to 17.50 | 4219 | 4.10% | 8.89% to 7.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 173684 | 27.15 to 16.28 | 4038 | 4.04% | 2.53% to 1.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 188159 | 26.48 to 16.09 | 4287 | 3.56% | 5.93% to 4.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 205991 | 24.99 to 15.39 | 4419 | 2.60% | (14.30)% to (15.41)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 220820 | 29.16 to 18.19 | 5658 | 1.82% | (1.27)% to (2.55)% |
|  Rydex Variable Trust |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; NASDAQ — 100<sup>®</sup> Fund |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 15983 | 143.09 to 46.68 | 897 | 0.03% | 19.04% to 18.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 15144 | 120.21 to 39.49 | 708 | 0.21% | 23.91% to 23.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 15088 | 97.02 to 32.10 | 569 | 0.00% | 53.22% to 52.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 15226 | 63.32 to 21.10 | 376 | 0.00% | (34.14)% to (34.60)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 19123 | 96.14 to 32.26 | 734 | 0.00% | 25.54% to 24.66% |
|  State Street Variable Insurance Series Funds, Inc. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Income V.I.S. Fund — Class 1 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 52449 | 18.66 to 16.77 | 963 | 3.68% | 5.91% to 4.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 52888 | 17.62 to 16.04 | 931 | 3.25% | (0.82)% to (2.11)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 53663 | 17.77 to 16.39 | 958 | 1.97% | 4.68% to 3.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 58450 | 16.97 to 15.86 | 1010 | 2.35% | (14.38)% to (15.49)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 69547 | 19.82 to 18.77 | 1409 | 2.07% | (1.81)% to (3.09)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Premier Growth Equity V.I.S. Fund — Class 1 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 49659 | 116.56 to 81.28 | 4808 | 0.00% | 20.00% to 18.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 52662 | 97.14 to 68.62 | 4273 | 0.00% | 31.06% to 29.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 56638 | 74.12 to 53.06 | 3519 | 0.00% | 46.28% to 44.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 61150 | 50.67 to 36.75 | 2609 | 0.00% | (30.43)% to (31.33)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 63792 | 72.83 to 53.51 | 3932 | 0.00% | 24.97% to 23.35% |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Securities V.I.S. Fund — Class 1 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 26525 | 75.36 to 125.77 | 3150 | 1.05% | 1.96% to 0.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 31294 | 73.91 to 124.98 | 3554 | 1.76% | 10.46% to 9.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 33021 | 66.91 to 114.63 | 3453 | 2.23% | 13.50% to 12.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 36728 | 58.95 to 102.32 | 3414 | 1.37% | (24.93)% to (25.90)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 40105 | 78.53 to 138.08 | 5031 | 2.23% | 41.80% to 39.97% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500<sup>®</sup> Index V.I.S. Fund — Class 1 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 164167 | 91.45 to 253.38 | 39390 | 0.95% | 17.52% to 15.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 188879 | 77.82 to 218.44 | 37930 | 1.12% | 24.63% to 23.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 212495 | 62.44 to 177.60 | 33319 | 1.34% | 25.96% to 24.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 228540 | 49.57 to 142.84 | 28727 | 1.33% | (18.31)% to (19.37)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 249553 | 60.69 to 177.16 | 37410 | 1.12% | 28.27% to 26.61% |
| &nbsp;&nbsp;&nbsp;&nbsp; Small-Cap Equity V.I.S. Fund — Class 1 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 46042 | 77.06 to 54.75 | 3013 | 0.00% | (0.25)% to (1.54)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 49379 | 77.25 to 55.61 | 3266 | 0.11% | 10.32% to 8.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 53137 | 70.02 to 51.07 | 3192 | 0.00% | 13.55% to 12.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 56610 | 61.67 to 45.57 | 3010 | 0.00% | (15.40)% to (16.49)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 60188 | 72.89 to 54.56 | 3815 | 0.00% | 20.53% to 18.97% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Return V.I.S. Fund — Class 1 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 53461 | 40.37 to 92.75 | 3536 | 2.34% | 15.86% to 14.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 76813 | 34.85 to 81.10 | 3955 | 4.34% | 11.31% to 9.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 95136 | 31.31 to 73.83 | 4206 | 2.28% | 15.48% to 13.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 108332 | 27.11 to 64.76 | 4103 | 0.92% | (16.51)% to (17.59)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 116463 | 32.47 to 78.59 | 5254 | 2.09% | 13.45% to 11.98% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Return V.I.S. Fund — Class 3 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 17560 | 28.10 to 24.47 | 492 | 2.29% | 15.48% to 14.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 17873 | 24.33 to 21.34 | 434 | 4.41% | 11.06% to 10.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 18134 | 21.91 to 19.35 | 396 | 2.10% | 15.21% to 14.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.70% | 18315 | 19.02 to 16.92 | 347 | 0.39% | (16.72)% to (17.30)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.70% | 25020 | 22.84 to 20.46 | 570 | 1.79% | 13.20% to 12.41% |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Equity V.I.S. Fund — Class 1 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 1.30% | 33632 | 85.75 to 67.16 | 2615 | 0.20% | 16.46% to 14.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 1.30% | 36421 | 73.63 to 58.42 | 2451 | 0.41% | 24.55% to 22.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 1.30% | 39429 | 59.12 to 47.53 | 2140 | 0.50% | 27.91% to 26.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 1.30% | 40962 | 46.22 to 37.65 | 1750 | 0.48% | (18.91)% to (19.96)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 1.30% | 44413 | 57.00 to 47.03 | 2351 | 0.35% | 25.49% to 23.87% |
|  The Alger Portfolios |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alger Large Cap Growth Portfolio — Class I-2 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 41551 | 158.03 to 131.69 | 6310 | 0.00% | 29.36% to 28.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 43316 | 122.16 to 102.42 | 5092 | 0.00% | 41.88% to 41.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 47013 | 86.10 to 72.62 | 3900 | 0.00% | 31.74% to 30.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 50798 | 65.36 to 55.46 | 3204 | 0.00% | (39.08)% to (39.45)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 54283 | 107.29 to 91.59 | 5615 | 0.00% | 11.06% to 10.39% |

---

------

##### [**Table of Contents**](#toc)
**GENWORTH LIFE & ANNUITY VL SEPARATE ACCOUNT 1** 

Notes to Financial Statements — Continued

December 31, 2025

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Expense as a% of Average<br>Net Assets (1)** | **Units** | **Unit Value** | **Net<br>Assets<br>000s** | **Investment<br>Income<br>Ratio (2)** | **Total Return (3)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Alger Small Cap Growth Portfolio — Class I-2 Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.70% to 1.30% | 50979 | 48.66 to 40.55 | 2360 | 0.00% | 5.17% to 4.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.70% to 1.30% | 53161 | 46.27 to 38.79 | 2344 | 0.38% | 7.37% to 6.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.70% to 1.30% | 58078 | 43.10 to 36.35 | 2392 | 0.00% | 15.68% to 14.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.70% to 1.30% | 63962 | 37.26 to 31.61 | 2284 | 0.00% | (38.45)% to (38.82)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.70% to 1.30% | 71569 | 60.53 to 51.67 | 4158 | 0.00% | (6.72)% to (7.28)% |
|  The Prudential Series Fund |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; PSF PGIM Jennison Blend Portfolio — Class II Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 67508 | 15.42 to 15.20 | 1031 | 0.00% | 18.05% to 17.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 10934 | 13.07 to 12.97 | 142 | 0.00% | 25.80% to 24.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 (6) | 0.00% to 0.70% | 13363 | 10.39 to 10.38 | 139 | 0.00% | 3.86% to 3.82% |
| &nbsp;&nbsp;&nbsp;&nbsp; PSF PGIM Jennison Growth Portfolio — Class II Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 | 0.00% to 0.70% | 3869 | 147.55 to 125.82 | 551 | 0.00% | 13.81% to 13.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 | 0.00% to 0.70% | 3944 | 129.65 to 111.34 | 494 | 0.00% | 30.35% to 29.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 | 0.00% to 0.70% | 4160 | 99.46 to 86.02 | 399 | 0.00% | 52.89% to 51.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 | 0.00% to 0.00% | 3034 | 65.05 to 65.05 | 197 | 0.00% | (37.85)% to (37.85)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 | 0.00% to 0.00% | 3834 | 104.67 to 104.67 | 401 | 0.00% | 15.55% to 15.55% |

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(1) Expenses as a percentage of average net assets represent the annualized asset-based policy expenses of the
Separate Account, consisting of mortality and expense risk charges, administrative expenses, and other rider charges for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made
directly to the policy owner through the redemption of units and expenses of the underlying Portfolios are excluded.

(2) The investment income ratio represents the ordinary dividends received by the subaccount from the Portfolio
divided by average net assets.

(3) The total return represents a range of maximum and minimum annual total returns for the year or lesser period
indicated and includes deductions for expenses assessed through the daily unit value calculation. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in
a reduction in the total return presented. Standardized total returns shown separately in a prospectus or marketing material for a product supported by the Separate Account include the maximum policy charges that may be assessed to any policy
through both the daily unit value calculation and the redemption of units. Accordingly, these standardized total returns will generally reflect a lower return than the total return.

(4) The ratios of expenses and net investment income to average net assets are annualized for the period from
April 30, 2021, to December 31, 2021.

(5) The ratios of expenses and net investment income to average net assets are annualized for the period from
April 29, 2022, to December 31, 2022.

(6) The ratios of expenses and net investment income to average net assets are annualized for the period from
December 8, 2023, to December 31, 2023.

(7) The ratios of expenses and net investment income to average net assets are annualized for the period from
April 26, 2024, to December 31, 2024.