# EDGAR Filing Document

**Accession Number:** 0000089024
**File Stem:** 0001193125-26-149762
**Filing Date:** 2026-4
**Character Count:** 416921
**Document Hash:** 73e867e05177ae43f9bef6372da6ff2f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-149762.hdr.sgml**: 20260409

**ACCESSION NUMBER**: 0001193125-26-149762

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260409

**DATE AS OF CHANGE**: 20260409

**EFFECTIVENESS DATE**: 20260409

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEPARATE ACCOUNT A
- **CENTRAL INDEX KEY:** 0000089024

**ORGANIZATION NAME:**
- **EIN:** 135570651
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01705
- **FILM NUMBER:** 26852133

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 2126416277

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEPARATE ACCOUNT A OF EQUITABLE FINANCIAL LIFE INSURANCE CO
- **DATE OF NAME CHANGE:** 20200615

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEPARATE ACCOUNT A OF AXA EQUITABLE LIFE INSURANCE CO
- **DATE OF NAME CHANGE:** 20050822

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEPARATE ACCOUNT A OF EQUITABLE LIFE ASSU SOC OF THE US
- **DATE OF NAME CHANGE:** 19940329

## Series and Classes Contracts Data

### SEPARATE ACCOUNT A (Series ID: S000009119)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000024803 | Equi-Vest Individual (Series 100-500)            |  |
| C000024804 | Variable Immediate Annuity                       |  |
| C000024805 | Equi-Vest Employer Sponsored Retirement Programs |  |
| C000024808 | Equi-Vest Express (Series 700)                   |  |
| C000024809 | EQUI-VEST Strategies (Series 900)                |  |
| C000024810 | Equi-Vest Deluxe (Series 800)                    |  |
| C000024811 | Momentum                                         |  |
| C000024812 | Momentum Plus                                    |  |
| C000043354 | EQUI-VEST At Retirement                          |  |
| C000048060 | Equi-Vest At Retirement ('04)                    |  |
| C000048913 | At Retirement                                    |  |
| C000055065 | Crossings                                        |  |
| C000065462 | EQUI-Vest Express (Series 701)                   |  |
| C000065463 | EQUI-Vest Deluxe (Series 801)                    |  |
| C000071910 | EQUI-VEST 201                                    |  |
| C000078184 | EQUI-VEST Strategies (Series 901)                |  |
| C000126323 | EQUI-VEST GWBL Rollover Annuity                  |  |

**SEPARATE ACCOUNT A** 

INDEX TO FINANCIAL STATEMENTS

---

| | |
|:---|:---|
|  [Report of Independent Registered Public Accounting Firm](#fin901221_1) | FSA-2 |
| Financial Statements: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Statements of Assets and Liabilities, December 31, 2025](#fin901221_3) | FSA-4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Statements of Operations for the Year Ended December 31, 2025](#fin901221_4) | FSA-52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Statements of Changes in Net Assets for the Years Ended December 31, 2025 and 2024](#fin901221_5) | FSA-68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Notes to Financial Statements](#fin901221_6) | FSA-105 |

---

------

**Report of Independent Registered Public Accounting Firm** 

To the Board of Directors of Equitable Financial Life Insurance Company and the Contractowners of Separate Account A

***Opinions on the Financial Statements***

We have audited the accompanying statements of assets and liabilities of the variable investment options of Separate Account A indicated in the table below 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 two years in the period ended December 31, 2025, including the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the variable investment options of Separate Account A as of December 31, 2025, the results of each of their operations for the year then ended, and the changes in each of their net assets for each of the two years in the period ended December 31, 2025 in conformity with accounting principles generally accepted in the United States of America.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;1290 VT CONVERTIBLE SECURITIES | EQ/JANUS ENTERPRISE |
| &nbsp;&nbsp;&nbsp;1290 VT DOUBLELINE OPPORTUNISTIC BOND | EQ/JPMORGAN GROWTH STOCK |
| &nbsp;&nbsp;&nbsp;1290 VT EQUITY INCOME | EQ/JPMORGAN VALUE OPPORTUNITIES |
| &nbsp;&nbsp;&nbsp;1290 VT GAMCO MERGERS & ACQUISITIONS | EQ/LARGE CAP CORE MANAGED VOLATILITY |
| &nbsp;&nbsp;&nbsp;1290 VT GAMCO SMALL COMPANY VALUE | EQ/LARGE CAP GROWTH INDEX |
| &nbsp;&nbsp;&nbsp;1290 VT HIGH YIELD BOND | EQ/LARGE CAP GROWTH MANAGED VOLATILITY |
| &nbsp;&nbsp;&nbsp;1290 VT MICRO CAP | EQ/LARGE CAP VALUE INDEX |
| &nbsp;&nbsp;&nbsp;1290 VT SMALL CAP VALUE | EQ/LARGE CAP VALUE MANAGED VOLATILITY |
| &nbsp;&nbsp;&nbsp;1290 VT SMARTBETA EQUITY ESG | EQ/LAZARD EMERGING MARKETS EQUITY |
| &nbsp;&nbsp;&nbsp;1290 VT SOCIALLY RESPONSIBLE | EQ/LOOMIS SAYLES GROWTH |
| &nbsp;&nbsp;&nbsp;AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | EQ/MFS INTERNATIONAL GROWTH |
| &nbsp;&nbsp;&nbsp;EQ/400 MANAGED VOLATILITY | EQ/MFS INTERNATIONAL INTRINSIC VALUE |
| &nbsp;&nbsp;&nbsp;EQ/500 MANAGED VOLATILITY | EQ/MFS MID CAP FOCUSED GROWTH |
| &nbsp;&nbsp;&nbsp;EQ/2000 MANAGED VOLATILITY | EQ/MFS TECHNOLOGY |
| &nbsp;&nbsp;&nbsp;EQ/AB DYNAMIC MODERATE GROWTH | EQ/MFS UTILITIES SERIES |
| &nbsp;&nbsp;&nbsp;EQ/AB SHORT DURATION GOVERNMENT BOND | EQ/MID CAP INDEX |
| &nbsp;&nbsp;&nbsp;EQ/AB SMALL CAP GROWTH | EQ/MID CAP VALUE MANAGED VOLATILITY |
| &nbsp;&nbsp;&nbsp;EQ/AGGRESSIVE ALLOCATION | EQ/MODERATE ALLOCATION |
| &nbsp;&nbsp;&nbsp;EQ/AGGRESSIVE GROWTH STRATEGY | EQ/MODERATE GROWTH STRATEGY |
| &nbsp;&nbsp;&nbsp;EQ/ALL ASSET GROWTH ALLOCATION | EQ/MODERATE-PLUS ALLOCATION |
| &nbsp;&nbsp;&nbsp;EQ/AMERICAN CENTURY MID CAP VALUE | EQ/MONEY MARKET |
| &nbsp;&nbsp;&nbsp;EQ/BALANCED STRATEGY | EQ/MORGAN STANLEY SMALL CAP GROWTH |
| &nbsp;&nbsp;&nbsp;EQ/CAPITAL GROUP RESEARCH | EQ/PIMCO GLOBAL REAL RETURN |
| &nbsp;&nbsp;&nbsp;EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | EQ/PIMCO ULTRA SHORT BOND |
| &nbsp;&nbsp;&nbsp;EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | EQ/QUALITY BOND PLUS |
| &nbsp;&nbsp;&nbsp;EQ/COMMON STOCK INDEX | EQ/SMALL COMPANY INDEX |
| &nbsp;&nbsp;&nbsp;EQ/CONSERVATIVE ALLOCATION | EQ/VALUE EQUITY |
| &nbsp;&nbsp;&nbsp;EQ/CONSERVATIVE GROWTH STRATEGY | EQ/WELLINGTON ENERGY |
| &nbsp;&nbsp;&nbsp;EQ/CONSERVATIVE STRATEGY | EQUITABLE CONSERVATIVE GROWTH MF/ETF |
| &nbsp;&nbsp;&nbsp;EQ/CONSERVATIVE-PLUS ALLOCATION | EQUITABLE GROWTH MF/ETF |
| &nbsp;&nbsp;&nbsp;EQ/CORE BOND INDEX | EQUITABLE MODERATE GROWTH MF/ETF |
| &nbsp;&nbsp;&nbsp;EQ/CORE PLUS BOND | FIDELITY<sup>®</sup> VIP EQUITY-INCOME PORTFOLIO |
| &nbsp;&nbsp;&nbsp;EQ/EMERGING MARKETS EQUITY PLUS | FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO |
| &nbsp;&nbsp;&nbsp;EQ/EQUITY 500 INDEX | FIDELITY<sup>®</sup> VIP MID CAP PORTFOLIO |
| &nbsp;&nbsp;&nbsp;EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | INVESCO V.I. DIVERSIFIED DIVIDEND FUND |
| &nbsp;&nbsp;&nbsp;EQ/FRANKLIN RISING DIVIDENDS | MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO |
| &nbsp;&nbsp;&nbsp;EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | MULTIMANAGER AGGRESSIVE EQUITY |
| &nbsp;&nbsp;&nbsp;EQ/GLOBAL EQUITY MANAGED VOLATILITY | MULTIMANAGER CORE BOND |
| &nbsp;&nbsp;&nbsp;EQ/GOLDMAN SACHS MID CAP VALUE | MULTIMANAGER TECHNOLOGY |
| &nbsp;&nbsp;&nbsp;EQ/GROWTH STRATEGY | NOMURA VIP HIGH INCOME SERIES |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;EQ/INTERMEDIATE GOVERNMENT BOND | PIMCO COMMODITYREALRETURN<sup>®</sup> STRATEGY PORTFOLIO |
| &nbsp;&nbsp;&nbsp;EQ/INTERNATIONAL CORE MANAGED VOLATILITY | TARGET 2015 ALLOCATION |
| &nbsp;&nbsp;&nbsp;EQ/INTERNATIONAL EQUITY INDEX | TARGET 2025 ALLOCATION |
| &nbsp;&nbsp;&nbsp;EQ/INTERNATIONAL MANAGED VOLATILITY | TARGET 2035 ALLOCATION |
| &nbsp;&nbsp;&nbsp;EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | TARGET 2045 ALLOCATION |
| &nbsp;&nbsp;&nbsp;EQ/INVESCO COMSTOCK | TARGET 2055 ALLOCATION |
| &nbsp;&nbsp;&nbsp;EQ/INVESCO GLOBAL | TEMPLETON GLOBAL BOND VIP FUND |
| &nbsp;&nbsp;&nbsp;EQ/INVESCO GLOBAL REAL ASSETS | VANECK VIP GLOBAL RESOURCES FUND |

---

***Basis for Opinions***

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

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

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

/s/ PricewaterhouseCoopers LLP

New York, New York

April 9, 2026

We have served as the auditor of one or more of the variable investment options of Separate Account A since 1993.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **1290 VT<br>CONVERTIBLE<br>SECURITIES\*** | **1290 VT<br>DOUBLELINE<br>OPPORTUNISTIC<br>BOND\*** | **1290 VT EQUITY<br>INCOME\*** | **1290 VT GAMCO<br>MERGERS &<br>ACQUISITIONS\*** | **1290 VT GAMCO<br>SMALL COMPANY<br>VALUE\*** | **1290 VT HIGH<br>YIELD BOND\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $1303815 | $12185454 | $96991952 | $11351414 | $1166515667 | $76125364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold | 12062 |  |  | 34940 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions |  | 4819 | 20657 |  |  | 74475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 1315877 | 12190273 | 97012609 | 11386354 | 1166515667 | 76199839 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased |  | 4968 | 20841 |  | 7131 | 74659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions | 12070 |  |  | 34970 | 12185 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 12070 | 4968 | 20841 | 34970 | 19316 | 74659 |
|  **Net Assets** | $1303807 | $12185305 | $96991768 | $11351384 | $1166496351 | $76125180 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $1301951 | $12185274 | $96944551 | $11335885 | $1166272334 | $76125180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 1856 | 31 | 47217 | 15499 | 224017 |  |
|  **Total Net Assets** | $1303807 | $12185305 | $96991768 | $11351384 | $1166496351 | $76125180 |
|  Investments in shares of the Portfolios, at cost | $1210998 | $12174205 | $97824364 | $10430087 | $1065317346 | $77476849 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **1290 VT MICRO<br>CAP\*** | **1290 VT SMALL**<br>**CAP VALUE\*** | **1290 VT<br>SMARTBETA<br>EQUITY ESG\*** | **1290 VT<br>SOCIALLY<br>RESPONSIBLE\*** | **AMERICAN FUNDS<br>INSURANCE<br>SERIES<sup>®</sup> THE<br>BOND FUND OF<br>AMERICA<sup>®</sup>** | **EQ/400<br>MANAGED<br>VOLATILITY\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $1075459 | $154333417 | $62385024 | $105587467 | $61691414 | $27714384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold | 37 |  |  | 69399 |  | 12951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions |  | 70757 | 28325 |  | 27479 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 1075496 | 154404174 | 62413349 | 105656866 | 61718893 | 27727335 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased |  | 71297 | 28556 |  | 27420 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions | 25 |  |  | 70493 |  | 13014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 25 | 71297 | 28556 | 70493 | 27420 | 13014 |
|  **Net Assets** | $1075471 | $154332877 | $62384793 | $105586373 | $61691473 | $27714321 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $1075133 | $153873657 | $62356068 | $105506501 | $61685536 | $27707080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 338 | 459220 | 28725 | 79872 | 5937 | 7241 |
|  **Total Net Assets** | $1075471 | $154332877 | $62384793 | $105586373 | $61691473 | $27714321 |
|  Investments in shares of the Portfolios, at cost | $846738 | $156500218 | $58708414 | $90074389 | $61607522 | $27784275 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/500 MANAGED<br>VOLATILITY\*** | **EQ/2000<br>MANAGED<br>VOLATILITY\*** | **EQ/AB DYNAMIC<br>MODERATE<br>GROWTH\*** | **EQ/AB SHORT<br>DURATION<br>GOVERNMENT<br>BOND\*** | **EQ/AB SMALL<br>CAP GROWTH\*** | **EQ/AGGRESSIVE<br>ALLOCATION\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $62066050 | $13988746 | $12969570 | $18131 | $495820967 | $710209265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold | 68971 |  |  | 1 | 25531 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions |  | 5752 | 2356 |  |  | 135559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 62135021 | 13994498 | 12971926 | 18132 | 495846498 | 710344824 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased |  | 5795 | 2504 |  |  | 136363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions | 69790 |  |  |  | 25789 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 69790 | 5795 | 2504 |  | 25789 | 136363 |
|  **Net Assets** | $62065231 | $13988703 | $12969422 | $18132 | $495820709 | $710208461 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $62048059 | $13986404 | $12964275 | $18083 | $493544089 | $710179551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract in payout (annuitization) period |  |  |  |  | 1944887 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 17172 | 2299 | 5147 | 49 | 331733 | 28910 |
|  **Total Net Assets** | $62065231 | $13988703 | $12969422 | $18132 | $495820709 | $710208461 |
|  Investments in shares of the Portfolios, at cost | $62723808 | $12607129 | $12658414 | $18378 | $468520104 | $680609139 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/AGGRESSIVE<br>GROWTH<br>STRATEGY\*** | **EQ/ALL ASSET<br>GROWTH<br>ALLOCATION\*** | **EQ/AMERICAN<br>CENTURY MID<br>CAP VALUE\*** | **EQ/BALANCED<br>STRATEGY\*** | **EQ/CAPITAL<br>GROUP<br>RESEARCH\*** | **EQ/CLEARBRIDGE<br>LARGE CAP<br>GROWTH ESG\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $63142277 | $38195122 | $166540323 | $164308979 | $364455181 | $153404993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold |  | 61135 |  |  | 45928 | 8054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions | 26418 |  | 7652 | 884 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 63168695 | 38256257 | 166547975 | 164309863 | 364501109 | 153413047 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased | 26992 |  | 7976 | 2902 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions |  | 61633 |  |  | 47958 | 8382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 26992 | 61633 | 7976 | 2902 | 47958 | 8382 |
|  **Net Assets** | $63141703 | $38194624 | $166539999 | $164306961 | $364453151 | $153404665 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $63086610 | $38180339 | $166454340 | $164274767 | $364224311 | $153272831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 55093 | 14285 | 85659 | 32194 | 228840 | 131834 |
|  **Total Net Assets** | $63141703 | $38194624 | $166539999 | $164306961 | $364453151 | $153404665 |
|  Investments in shares of the Portfolios, at cost | $59865020 | $35087473 | $169055039 | $161211051 | $326083274 | $141680252 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/CLEARBRIDGE<br>SELECT EQUITY<br>MANAGED<br>VOLATILITY\*** | **EQ/COMMON<br>STOCK INDEX\*** | **EQ/CONSERVATIVE<br>ALLOCATION\*** | **EQ/CONSERVATIVE<br>GROWTH<br>STRATEGY\*** | **EQ/CONSERVATIVE<br>STRATEGY\*** | **EQ/CONSERVATIVE-<br>PLUS ALLOCATION\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $41780413 | $2490520278 | $49738326 | $26740318 | $10357219 | $125783317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold |  | 577595 |  | 963 |  | 12597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions | 12063 |  | 752625 |  | 1234 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 41792476 | 2491097873 | 50490951 | 26741281 | 10358453 | 125795914 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased | 12224 |  | 754406 |  | 1313 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions |  | 1829671 |  | 1342 |  | 13831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 12224 | 1829671 | 754406 | 1342 | 1313 | 13831 |
|  **Net Assets** | $41780252 | $2489268202 | $49736545 | $26739939 | $10357140 | $125782083 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $41759736 | $2477699261 | $49730390 | $26734597 | $10353263 | $125749146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract in payout (annuitization) period |  | 9122053 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 20516 | 2446888 | 6155 | 5342 | 3877 | 32937 |
|  **Total Net Assets** | $41780252 | $2489268202 | $49736545 | $26739939 | $10357140 | $125782083 |
|  Investments in shares of the Portfolios, at cost | $33182638 | $2087231620 | $49426929 | $26620609 | $10262107 | $125245701 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/CORE<br>BOND INDEX\*** | **EQ/CORE<br>PLUS BOND\*** | **EQ/EMERGING<br>MARKETS<br>EQUITY PLUS\*** | **EQ/EQUITY<br>500 INDEX\*** | **EQ/FIDELITY<br>INSTITUTIONAL<br>AM<sup>®</sup> LARGE<br>CAP\*** | **EQ/FRANKLIN<br>RISING<br>DIVIDENDS\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $102581766 | $91549050 | $29141436 | $3405479836 | $611156005 | $29941398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold |  |  |  |  | 416692 | 1037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions | 37134 | 926 | 132183 | 1860487 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 102618900 | 91549976 | 29273619 | 3407340323 | 611572697 | 29942435 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased | 38268 | 2229 | 132483 | 974229 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions |  |  |  |  | 425509 | 1828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 38268 | 2229 | 132483 | 974229 | 425509 | 1828 |
|  **Net Assets** | $102580632 | $91547747 | $29141136 | $3406366094 | $611147188 | $29940607 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $102571509 | $91325718 | $29137226 | $3399448730 | $611108979 | $29940047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract in payout (annuitization) period |  | 112681 |  | 6917364 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 9123 | 109348 | 3910 |  | 38209 | 560 |
|  **Total Net Assets** | $102580632 | $91547747 | $29141136 | $3406366094 | $611147188 | $29940607 |
|  Investments in shares of the Portfolios, at cost | $101031921 | $93414625 | $23920853 | $2688376353 | $519946302 | $28412285 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/FRANKLIN<br>SMALL CAP<br>VALUE<br>MANAGED<br>VOLATILITY\*** | **EQ/GLOBAL<br>EQUITY<br>MANAGED<br>VOLATILITY\*** | **EQ/GOLDMAN<br>SACHS MID<br>CAP VALUE\*** | **EQ/GROWTH<br>STRATEGY\*** | **EQ/INTERMEDIATE<br>GOVERNMENT<br>BOND\*** | **EQ/INTERNATIONAL<br>CORE MANAGED<br>VOLATILITY\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $18606060 | $367832560 | $73438808 | $1626715 | $34529539 | $141923794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold |  |  |  | 51 | 1031 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions | 9427 | 42606 | 25999 | 1 |  | 24016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 18615487 | 367875166 | 73464807 | 1626767 | 34530570 | 141947810 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased | 9445 | 42719 | 32433 |  |  | 24747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions |  |  |  |  | 1457 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 9445 | 42719 | 32433 |  | 1457 | 24747 |
|  **Net Assets** | $18606042 | $367832447 | $73432374 | $1626767 | $34529113 | $141923063 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $18602060 | $367747296 | $73428347 | $1626767 | $34304808 | $141881685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract in payout (annuitization) period |  |  |  |  | 96829 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 3982 | 85151 | 4027 |  | 127476 | 41378 |
|  **Total Net Assets** | $18606042 | $367832447 | $73432374 | $1626767 | $34529113 | $141923063 |
|  Investments in shares of the Portfolios, at cost | $17772201 | $335538014 | $71892774 | $1458824 | $34471426 | $125279432 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/INTERNATIONAL<br>EQUITY INDEX\*** | **EQ/INTERNATIONAL<br>MANAGED<br>VOLATILITY\*** | **EQ/INTERNATIONAL<br>VALUE MANAGED<br>VOLATILITY\*** | **EQ/INVESCO<br>COMSTOCK\*** | **EQ/INVESCO<br>GLOBAL\*** | **EQ/INVESCO<br>GLOBAL REAL<br>ASSETS\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $512221746 | $15783911 | $171052650 | $135908621 | $255530674 | $74754269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold |  | 594 |  | 56906 | 68353 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions | 125288 |  | 12266 |  |  | 25075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 512347034 | 15784505 | 171064916 | 135965527 | 255599027 | 74779344 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased | 125365 |  | 13185 |  |  | 25405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions |  | 687 |  | 57797 | 69067 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 125365 | 687 | 13185 | 57797 | 69067 | 25405 |
|  **Net Assets** | $512221669 | $15783818 | $171051731 | $135907730 | $255529960 | $74753939 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $510853321 | $15780740 | $171033377 | $135864589 | $255518895 | $74741055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract in payout (annuitization) period | 1100647 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 267701 | 3078 | 18354 | 43141 | 11065 | 12884 |
|  **Total Net Assets** | $512221669 | $15783818 | $171051731 | $135907730 | $255529960 | $74753939 |
|  Investments in shares of the Portfolios, at cost | $419166061 | $14149479 | $147270441 | $129313247 | $235090938 | $72930408 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/JANUS<br>ENTERPRISE\*** | **EQ/JPMORGAN<br>GROWTH STOCK\*** | **EQ/JPMORGAN<br>VALUE<br>OPPORTUNITIES\*** | **EQ/LARGE CAP<br>CORE MANAGED<br>VOLATILITY\*** | **EQ/LARGE CAP<br>GROWTH INDEX\*** | **EQ/LARGE CAP<br>GROWTH MANAGED<br>VOLATILITY\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $480894301 | $1148993576 | $415112504 | $37210517 | $665300292 | $1009393778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold |  |  |  |  | 34919 | 150479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions |  | 103987 | 173923 | 8665 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 480894301 | 1149097563 | 415286427 | 37219182 | 665335211 | 1009544257 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased | 4970 | 122580 | 174654 | 8725 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions | 13334 |  |  |  | 35115 | 150579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 18304 | 122580 | 174654 | 8725 | 35115 | 150579 |
|  **Net Assets** | $480875997 | $1148974983 | $415111773 | $37210457 | $665300096 | $1009393678 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $480758399 | $1148963945 | $415089307 | $37164105 | $665129298 | $1009067214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A. | 117598 | 11038 | 22466 | 46352 | 170798 | 326464 |
|  **Total Net Assets** | $480875997 | $1148974983 | $415111773 | $37210457 | $665300096 | $1009393678 |
|  Investments in shares of the Portfolios, at cost | $472312164 | $1073176289 | $398189606 | $37676775 | $562035973 | $933505979 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/LARGE CAP<br>VALUE INDEX\*** | **EQ/LARGE CAP<br>VALUE**<br>**MANAGED<br>VOLATILITY\*** | **EQ/LAZARD**<br>**EMERGING**<br>**MARKETS**<br>**EQUITY\*** | **EQ/LOOMIS<br>SAYLES<br>GROWTH\*** | **EQ/MFS<br>INTERNATIONAL<br>GROWTH\*** | **EQ/MFS<br>INTERNATIONAL<br>INTRINSIC**<br>**VALUE\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $156181677 | $794194243 | $235121053 | $137875171 | $301203028 | $616250855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold | 124825 |  |  | 175824 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions |  | 30610 | 178511 |  | 120899 | 113509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 156306502 | 794224853 | 235299564 | 138050995 | 301323927 | 616364364 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased |  | 30736 | 191447 |  | 121219 | 118192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions | 126009 |  |  | 176794 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 126009 | 30736 | 191447 | 176794 | 121219 | 118192 |
|  **Net Assets** | $156180493 | $794194117 | $235108117 | $137874201 | $301202708 | $616246172 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $156170555 | $791027780 | $235065377 | $137826285 | $301168867 | $616210505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract in payout (annuitization) period |  | 1999418 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 9938 | 1166919 | 42740 | 47916 | 33841 | 35667 |
|  **Total Net Assets** | $156180493 | $794194117 | $235108117 | $137874201 | $301202708 | $616246172 |
|  Investments in shares of the Portfolios, at cost | $145590347 | $761751636 | $192723567 | $130260450 | $291372157 | $536918581 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/MFS MID**<br>**CAP FOCUSED**<br>**GROWTH\*** | **EQ/MFS<br>TECHNOLOGY\*** | **EQ/MFS**<br>**UTILITIES<br>SERIES\*** | **EQ/MID CAP**<br>**INDEX\*** | **EQ/MID**<br>**CAP VALUE**<br>**MANAGED<br>VOLATILITY\*** | **EQ/MODERATE<br>ALLOCATION\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $245562215 | $492896587 | $94800205 | $921880569 | $420047016 | $1095191727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold | 86313 |  | 28966 |  |  | 7377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions |  | 162081 |  | 195814 | 56510 | 118154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 245648528 | 493058668 | 94829171 | 922076383 | 420103526 | 1095317258 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased |  | 167957 |  | 197848 | 56632 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions | 87699 |  | 29056 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 87699 | 167957 | 29056 | 197848 | 56632 |  |
|  **Net Assets** | $245560829 | $492890711 | $94800115 | $921878535 | $420046894 | $1095317258 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $245556289 | $492854529 | $94796377 | $921744701 | $420005068 | $1089481078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract in payout (annuitization) period |  |  |  |  |  | 3066535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A. | 4540 | 36182 | 3738 | 133834 | 41826 | 2769645 |
|  **Total Net Assets** | $245560829 | $492890711 | $94800115 | $921878535 | $420046894 | $1095317258 |
|  Investments in shares of the Portfolios, at cost | $260128431 | $436775675 | $89612721 | $878440685 | $415937121 | $1083688229 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/MODERATE<br>GROWTH<br>STRATEGY\*** | **EQ/MODERATE-<br>PLUS ALLOCATION\*** | **EQ/MONEY<br>MARKET\*** | **EQ/MORGAN<br>STANLEY SMALL<br>CAP GROWTH\*** | **EQ/PIMCO**<br>**GLOBAL REAL<br>RETURN\*** | **EQ/PIMCO ULTRA<br>SHORT BOND\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $98252584 | $971884369 | $99981692 | $88074197 | $37592678 | $56559633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold |  | 10728 |  | 17722 | 6892 | 19356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions | 76133 |  | 1003140 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 98328717 | 971895097 | 100984832 | 88091919 | 37599570 | 56578989 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased | 76899 |  | 574797 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions |  | 13352 |  | 18806 | 7066 | 20335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 76899 | 13352 | 574797 | 18806 | 7066 | 20335 |
|  **Net Assets** | $98251818 | $971881745 | $100410035 | $88073113 | $37592504 | $56558654 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $98231463 | $971803922 | $100260426 | $87606679 | $37587281 | $56544043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract in payout (annuitization) period |  |  | 149609 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 20355 | 77823 |  | 466434 | 5223 | 14611 |
|  **Total Net Assets** | $98251818 | $971881745 | $100410035 | $88073113 | $37592504 | $56558654 |
|  Investments in shares of the Portfolios, at cost | $97445695 | $949023568 | $100024156 | $71180038 | $36803438 | $56832082 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/QUALITY<br>BOND PLUS\*** | **EQ/SMALL<br>COMPANY INDEX\*** | **EQ/VALUE<br>EQUITY\*** | **EQ/WELLINGTON<br>ENERGY\*** | **EQUITABLE<br>CONSERVATIVE<br>GROWTH MF/ETF\*** | **EQUITABLE<br>GROWTH MF/ETF\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $49377166 | $464176147 | $628959989 | $52657310 | $10852830 | $4595641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold | 1757 |  | 6091 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions |  | 133052 |  | 38025 | 723 | 6423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 49378923 | 464309199 | 628966080 | 52695335 | 10853553 | 4602064 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased |  | 133390 |  | 38393 | 1233 | 6482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions | 1763 |  | 22563 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 1763 | 133390 | 22563 | 38393 | 1233 | 6482 |
|  **Net Assets** | $49377160 | $464175809 | $628943517 | $52656942 | $10852320 | $4595582 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $49005791 | $463958463 | $628893203 | $52645255 | $10844446 | $4595567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract in payout (annuitization) period | 161989 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 209380 | 217346 | 50314 | 11687 | 7874 | 15 |
|  **Total Net Assets** | $49377160 | $464175809 | $628943517 | $52656942 | $10852320 | $4595582 |
|  Investments in shares of the Portfolios, at cost | $49425133 | $405568766 | $556956280 | $49640783 | $10770647 | $4173105 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQUITABLE<br>MODERATE<br>GROWTH MF/ETF\*** | **FIDELITY<sup>®</sup> VIP<br>EQUITY-INCOME<br>PORTFOLIO** | **FIDELITY<sup>®</sup> VIP<br>INVESTMENT<br>GRADE BOND<br>PORTFOLIO** | **FIDELITY<sup>®</sup> VIP<br>MID CAP<br>PORTFOLIO** | **INVESCO V.I.<br>DIVERSIFIED<br>DIVIDEND FUND** | **MFS<sup>®</sup><br>MASSACHUSETTS<br>INVESTORS<br>GROWTH STOCK<br>PORTFOLIO** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $2867263 | $33007134 | $94233789 | $73139532 | $62930436 | $51022213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold |  | 22363 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions | 6739 |  | 56460 | 30280 | 23833 | 25374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 2874002 | 33029497 | 94290249 | 73169812 | 62954269 | 51047587 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased | 6743 |  | 57243 | 30330 | 23942 | 24477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions |  | 22383 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 6743 | 22383 | 57243 | 30330 | 23942 | 24477 |
|  **Net Assets** | $2867259 | $33007114 | $94233006 | $73139482 | $62930327 | $51023110 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $2866669 | $33004622 | $94231543 | $73133774 | $62920478 | $51019890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 590 | 2492 | 1463 | 5708 | 9849 | 3220 |
|  **Total Net Assets** | $2867259 | $33007114 | $94233006 | $73139482 | $62930327 | $51023110 |
|  Investments in shares of the Portfolios, at cost | $2649036 | $30567973 | $93299342 | $70564748 | $60271415 | $51852879 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **MULTIMANAGER<br>AGGRESSIVE<br>EQUITY\*** | **MULTIMANAGER<br>CORE BOND\*** | **MULTIMANAGER<br>TECHNOLOGY\*** | **NOMURA VIP HIGH<br>INCOME SERIES** | **PIMCO<br>COMMODITYREAL<br>RETURN<sup>®</sup> STRATEGY<br>PORTFOLIO** | **TARGET 2015<br>ALLOCATION\*** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $802010753 | $60263871 | $438952790 | $212126123 | $8244493 | $9184966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for shares of the Portfolios sold | 237896 |  |  |  |  | 1963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions |  | 24633 | 3300 | 38307 | 3919 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 802248649 | 60288504 | 438956090 | 212164430 | 8248412 | 9186929 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased |  | 25083 | 3238 | 39274 | 3717 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for policy-related transactions | 124452 |  |  |  |  | 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 124452 | 25083 | 3238 | 39274 | 3717 | 2024 |
|  **Net Assets** | $802124197 | $60263421 | $438952852 | $212125156 | $8244695 | $9184905 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $797392397 | $60230656 | $438522685 | $212118804 | $8114959 | $9164907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract in payout (annuitization) period | 844459 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 3887341 | 32765 | 430167 | 6352 | 129736 | 19998 |
|  **Total Net Assets** | $802124197 | $60263421 | $438952852 | $212125156 | $8244695 | $9184905 |
|  Investments in shares of the Portfolios, at cost | $757004182 | $58796707 | $369474566 | $202052510 | $7302343 | $9609928 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **TARGET 2025<br>ALLOCATION\*** | **TARGET 2035<br>ALLOCATION\*** | **TARGET 2045<br>ALLOCATION\*** | **TARGET 2055<br>ALLOCATION\*** | **TEMPLETON<br>GLOBAL BOND<br>VIP FUND** | **VANECK VIP<br>GLOBAL<br>RESOURCES<br>FUND** |
|  **Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in shares of the Portfolios, at fair value | $71201701 | $175302095 | $162705899 | $85763872 | $34966137 | $26611214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for policy-related transactions | 19322 | 53603 | 52652 | 119328 | 17325 | 97587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 71221023 | 175355698 | 162758551 | 85883200 | 34983462 | 26708801 |
|  **Liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for shares of the Portfolios purchased | 19539 | 54809 | 54393 | 119901 | 17344 | 97620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 19539 | 54809 | 54393 | 119901 | 17344 | 97620 |
|  **Net Assets** | $71201484 | $175300889 | $162704158 | $85763299 | $34966118 | $26611181 |
|  **Net Assets:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulation unit values | $71192161 | $175267074 | $162695955 | $85761991 | $34964330 | $26609625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained by Equitable Financial in Separate Account A | 9323 | 33815 | 8203 | 1308 | 1788 | 1556 |
|  **Total Net Assets** | $71201484 | $175300889 | $162704158 | $85763299 | $34966118 | $26611181 |
|  Investments in shares of the Portfolios, at cost | $71322251 | $158917716 | $145084632 | $76615450 | $33011307 | $22208321 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

The following table provides the Portfolio shares held by the Variable Investment Options of the Account:

---

| | | |
|:---|:---|:---|
|  | **Share Class\*\*** | **Portfolio Shares Held<br>(000's)** |
|  1290 VT CONVERTIBLE SECURITIES | CLASS IB | 116 |
|  1290 VT DOUBLELINE OPPORTUNISTIC BOND | CLASS IB | 1409 |
|  1290 VT EQUITY INCOME | CLASS IB | 19794 |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | CLASS IB | 837 |
|  1290 VT GAMCO SMALL COMPANY VALUE | CLASS IB | 15303 |
|  1290 VT HIGH YIELD BOND | CLASS IB | 8356 |
|  1290 VT MICRO CAP | CLASS IB | 89 |
|  1290 VT SMALL CAP VALUE | CLASS IB | 13842 |
|  1290 VT SMARTBETA EQUITY ESG | CLASS IB | 3204 |
|  1290 VT SOCIALLY RESPONSIBLE | CLASS IB | 4278 |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | CLASS 4 | 6626 |
|  EQ/400 MANAGED VOLATILITY | CLASS IB | 1266 |
|  EQ/500 MANAGED VOLATILITY | CLASS IB | 2079 |
|  EQ/2000 MANAGED VOLATILITY | CLASS IB | 680 |
|  EQ/AB DYNAMIC MODERATE GROWTH | CLASS IB | 995 |
|  EQ/AB SHORT DURATION GOVERNMENT BOND | CLASS IB | 2 |
|  EQ/AB SMALL CAP GROWTH | CLASS IB | 33501 |
|  EQ/AGGRESSIVE ALLOCATION | CLASS IB | 67128 |
|  EQ/AGGRESSIVE GROWTH STRATEGY | CLASS IB | 3594 |
|  EQ/ALL ASSET GROWTH ALLOCATION | CLASS IB | 1869 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | CLASS IB | 7685 |
|  EQ/BALANCED STRATEGY | CLASS IB | 10295 |
|  EQ/CAPITAL GROUP RESEARCH | CLASS IB | 9776 |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | CLASS IB | 9148 |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | CLASS IB | 3182 |
|  EQ/COMMON STOCK INDEX | CLASS IA | 42599 |
|  EQ/COMMON STOCK INDEX | CLASS IB | 4220 |
|  EQ/CONSERVATIVE ALLOCATION | CLASS IB | 6000 |
|  EQ/CONSERVATIVE GROWTH STRATEGY | CLASS IB | 1925 |
|  EQ/CONSERVATIVE STRATEGY | CLASS IB | 888 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | CLASS IB | 15155 |
|  EQ/CORE BOND INDEX | CLASS IB | 10787 |
|  EQ/CORE PLUS BOND | CLASS IA | 17879 |
|  EQ/CORE PLUS BOND | CLASS IB | 9074 |
|  EQ/EMERGING MARKETS EQUITY PLUS | CLASS IB | 2493 |
|  EQ/EQUITY 500 INDEX | CLASS IA | 21002 |
|  EQ/EQUITY 500 INDEX | CLASS IB | 14463 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | CLASS IB | 9268 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Share Class\*\*** | **Portfolio Shares Held<br>(000's)** |
|  EQ/FRANKLIN RISING DIVIDENDS | CLASS IB | 584 |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | CLASS IB | 1341 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | CLASS IB | 21473 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | CLASS IB | 3381 |
|  EQ/GROWTH STRATEGY | CLASS IB | 84 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | CLASS IA | 2813 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | CLASS IB | 748 |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | CLASS IB | 11586 |
|  EQ/INTERNATIONAL EQUITY INDEX | CLASS IA | 27884 |
|  EQ/INTERNATIONAL EQUITY INDEX | CLASS IB | 9199 |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | CLASS IB | 963 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | CLASS IB | 11449 |
|  EQ/INVESCO COMSTOCK | CLASS IB | 6139 |
|  EQ/INVESCO GLOBAL | CLASS IB | 8650 |
|  EQ/INVESCO GLOBAL REAL ASSETS | CLASS IB | 4681 |
|  EQ/JANUS ENTERPRISE | CLASS IB | 23042 |
|  EQ/JPMORGAN GROWTH STOCK | CLASS IB | 16400 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | CLASS IB | 20359 |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | CLASS IB | 3564 |
|  EQ/LARGE CAP GROWTH INDEX | CLASS IB | 23319 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | CLASS IB | 31222 |
|  EQ/LARGE CAP VALUE INDEX | CLASS IB | 13773 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | CLASS IB | 43637 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | CLASS IB | 9239 |
|  EQ/LOOMIS SAYLES GROWTH | CLASS IB | 11395 |
|  EQ/MFS INTERNATIONAL GROWTH | CLASS IB | 36822 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | CLASS IB | 15410 |
|  EQ/MFS MID CAP FOCUSED GROWTH | CLASS IB | 14285 |
|  EQ/MFS TECHNOLOGY | CLASS IB | 11917 |
|  EQ/MFS UTILITIES SERIES | CLASS IB | 2333 |
|  EQ/MID CAP INDEX | CLASS IB | 57618 |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | CLASS IB | 27490 |
|  EQ/MODERATE ALLOCATION | CLASS IA | 64983 |
|  EQ/MODERATE ALLOCATION | CLASS IB | 24522 |
|  EQ/MODERATE GROWTH STRATEGY | CLASS IB | 5930 |
|  EQ/MODERATE-PLUS ALLOCATION | CLASS IB | 100713 |
|  EQ/MONEY MARKET | CLASS IA | 58130 |
|  EQ/MONEY MARKET | CLASS IB | 41852 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | CLASS IB | 9430 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Share Class\*\*** | **Portfolio Shares Held<br>(000's)** |
|  EQ/PIMCO GLOBAL REAL RETURN | CLASS IB | 4889 |
|  EQ/PIMCO ULTRA SHORT BOND | CLASS IB | 5730 |
|  EQ/QUALITY BOND PLUS | CLASS IA | 4921 |
|  EQ/QUALITY BOND PLUS | CLASS IB | 1400 |
|  EQ/SMALL COMPANY INDEX | CLASS IB | 37464 |
|  EQ/VALUE EQUITY | CLASS IB | 26130 |
|  EQ/WELLINGTON ENERGY | CLASS IB | 11573 |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | CLASS IB | 874 |
|  EQUITABLE GROWTH MF/ETF | CLASS IB | 378 |
|  EQUITABLE MODERATE GROWTH MF/ETF | CLASS IB | 255 |
|  FIDELITY<sup>®</sup> VIP EQUITY-INCOME PORTFOLIO | SERVICE CLASS 2 | 1173 |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | SERVICE CLASS 2 | 8590 |
|  FIDELITY<sup>®</sup> VIP MID CAP PORTFOLIO | SERVICE CLASS 2 | 2080 |
|  INVESCO V.I. DIVERSIFIED DIVIDEND FUND | SERIES II | 2340 |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | SERVICE CLASS | 2333 |
|  MULTIMANAGER AGGRESSIVE EQUITY | CLASS IA | 10105 |
|  MULTIMANAGER AGGRESSIVE EQUITY | CLASS IB | 634 |
|  MULTIMANAGER CORE BOND | CLASS IB | 6864 |
|  MULTIMANAGER TECHNOLOGY | CLASS IB | 10704 |
|  NOMURA VIP HIGH INCOME SERIES | SERVICE CLASS | 72398 |
|  PIMCO COMMODITYREALRETURN<sup>®</sup> STRATEGY PORTFOLIO | ADVISOR CLASS | 1284 |
|  TARGET 2015 ALLOCATION | CLASS IB | 1435 |
|  TARGET 2025 ALLOCATION | CLASS IB | 6807 |
|  TARGET 2035 ALLOCATION | CLASS IB | 11201 |
|  TARGET 2045 ALLOCATION | CLASS IB | 9443 |
|  TARGET 2055 ALLOCATION | CLASS IB | 4557 |
|  TEMPLETON GLOBAL BOND VIP FUND | CLASS 2 | 2655 |
|  VANECK VIP GLOBAL RESOURCES FUND | CLASS S | 832 |

---

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

\*\* Share class reflects the share class of the Portfolio in which the units of the Variable Investment Option are invested, as further described in Note 6 of these financial statements.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

The following table provides units outstanding and unit values associated with the Variable Investment Options of the Account and is further categorized by share class and contract charges:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  1290 VT CONVERTIBLE SECURITIES | 0.00% | CLASS IB | $144.82 |  |
|  1290 VT CONVERTIBLE SECURITIES | 0.25% | CLASS IB | $143.67 |  |
|  1290 VT CONVERTIBLE SECURITIES | 0.50% | CLASS IB | $142.53 |  |
|  1290 VT CONVERTIBLE SECURITIES | 0.70% | CLASS IB | $141.62 |  |
|  1290 VT CONVERTIBLE SECURITIES | 0.80% | CLASS IB | $141.17 |  |
|  1290 VT CONVERTIBLE SECURITIES | 0.90% | CLASS IB | $140.72 |  |
|  1290 VT CONVERTIBLE SECURITIES | 0.95% | CLASS IB | $140.49 |  |
|  1290 VT CONVERTIBLE SECURITIES | 1.10% | CLASS IB | $139.82 |  |
|  1290 VT CONVERTIBLE SECURITIES | 1.20% | CLASS IB | $139.37 |  |
|  1290 VT CONVERTIBLE SECURITIES | 1.20% | CLASS IB | $172.78 | 2 |
|  1290 VT CONVERTIBLE SECURITIES | 1.25% | CLASS IB | $172.16 | 2 |
|  1290 VT CONVERTIBLE SECURITIES | 1.34% | CLASS IB | $138.74 | 4 |
|  1290 VT DOUBLELINE OPPORTUNISTIC BOND | 0.00% | CLASS IB | $122.12 |  |
|  1290 VT DOUBLELINE OPPORTUNISTIC BOND | 0.25% | CLASS IB | $118.07 |  |
|  1290 VT DOUBLELINE OPPORTUNISTIC BOND | 0.50% | CLASS IB | $114.96 | 16 |
|  1290 VT DOUBLELINE OPPORTUNISTIC BOND | 0.70% | CLASS IB | $112.52 |  |
|  1290 VT DOUBLELINE OPPORTUNISTIC BOND | 0.80% | CLASS IB | $111.32 | 10 |
|  1290 VT DOUBLELINE OPPORTUNISTIC BOND | 0.90% | CLASS IB | $110.14 | 16 |
|  1290 VT DOUBLELINE OPPORTUNISTIC BOND | 1.00% | CLASS IB | $108.96 |  |
|  1290 VT DOUBLELINE OPPORTUNISTIC BOND | 1.10% | CLASS IB | $107.80 | 5 |
|  1290 VT DOUBLELINE OPPORTUNISTIC BOND | 1.20% | CLASS IB | $106.64 | 61 |
|  1290 VT DOUBLELINE OPPORTUNISTIC BOND | 1.25% | CLASS IB | $106.07 | 4 |
|  1290 VT EQUITY INCOME | 0.00% | CLASS IB | $238.30 |  |
|  1290 VT EQUITY INCOME | 0.25% | CLASS IB | $437.09 |  |
|  1290 VT EQUITY INCOME | 0.50% | CLASS IB | $414.44 | 20 |
|  1290 VT EQUITY INCOME | 0.70% | CLASS IB | $397.09 | 2 |
|  1290 VT EQUITY INCOME | 0.80% | CLASS IB | $569.34 | 1 |
|  1290 VT EQUITY INCOME | 0.90% | CLASS IB | $380.47 | 18 |
|  1290 VT EQUITY INCOME | 0.95% | CLASS IB | $376.42 | 4 |
|  1290 VT EQUITY INCOME | 1.00% | CLASS IB | $372.42 |  |
|  1290 VT EQUITY INCOME | 1.10% | CLASS IB | $364.51 | 2 |
|  1290 VT EQUITY INCOME | 1.20% | CLASS IB | $356.75 | 44 |
|  1290 VT EQUITY INCOME | 1.25% | CLASS IB | $254.04 | 7 |
|  1290 VT EQUITY INCOME | 1.30% | CLASS IB | $285.15 | 1 |
|  1290 VT EQUITY INCOME | 1.34% | CLASS IB | $346.19 | 175 |
|  1290 VT EQUITY INCOME | 1.35% | CLASS IB | $345.43 |  |
|  1290 VT EQUITY INCOME | 1.45% | CLASS IB | $338.08 |  |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | 0.50% | CLASS IB | $254.90 |  |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | 0.70% | CLASS IB | $244.50 |  |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | 0.90% | CLASS IB | $234.54 | 4 |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | 0.95% | CLASS IB | $232.10 | 2 |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | 1.10% | CLASS IB | $224.95 | 1 |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | 1.20% | CLASS IB | $220.28 | 2 |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | 1.25% | CLASS IB | $175.25 | 4 |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | 1.30% | CLASS IB | $190.08 |  |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | 1.34% | CLASS IB | $213.84 | 1 |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | 1.34% | CLASS IB | $213.93 | 39 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | 1.35% | CLASS IB | $213.48 |  |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | 1.45% | CLASS IB | $209.05 |  |
|  1290 VT GAMCO SMALL COMPANY VALUE | 0.00% | CLASS IB | $270.69 | 44 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 0.25% | CLASS IB | $811.47 | 7 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 0.40% | CLASS IB | $385.29 | 16 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 0.50% | CLASS IB | $769.43 | 18 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 0.70% | CLASS IB | $737.22 | 8 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 0.80% | CLASS IB | $852.25 | 33 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 0.90% | CLASS IB | $706.37 | 139 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 0.95% | CLASS IB | $698.85 | 7 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 1.00% | CLASS IB | $691.43 | 5 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 1.10% | CLASS IB | $676.74 | 43 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 1.20% | CLASS IB | $662.33 | 527 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 1.25% | CLASS IB | $419.17 | 79 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 1.30% | CLASS IB | $493.57 | 3 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 1.34% | CLASS IB | $642.72 | 895 |
|  1290 VT GAMCO SMALL COMPANY VALUE | 1.35% | CLASS IB | $641.33 |  |
|  1290 VT GAMCO SMALL COMPANY VALUE | 1.45% | CLASS IB | $627.67 |  |
|  1290 VT HIGH YIELD BOND | 0.00% | CLASS IB | $164.37 | 2 |
|  1290 VT HIGH YIELD BOND | 0.25% | CLASS IB | $165.74 | 3 |
|  1290 VT HIGH YIELD BOND | 0.50% | CLASS IB | $160.57 | 28 |
|  1290 VT HIGH YIELD BOND | 0.70% | CLASS IB | $156.53 | 3 |
|  1290 VT HIGH YIELD BOND | 0.80% | CLASS IB | $154.55 | 23 |
|  1290 VT HIGH YIELD BOND | 0.90% | CLASS IB | $152.59 | 39 |
|  1290 VT HIGH YIELD BOND | 0.95% | CLASS IB | $151.62 | 3 |
|  1290 VT HIGH YIELD BOND | 1.00% | CLASS IB | $150.66 | 2 |
|  1290 VT HIGH YIELD BOND | 1.10% | CLASS IB | $148.75 | 11 |
|  1290 VT HIGH YIELD BOND | 1.20% | CLASS IB | $146.85 | 225 |
|  1290 VT HIGH YIELD BOND | 1.25% | CLASS IB | $145.92 | 47 |
|  1290 VT HIGH YIELD BOND | 1.34% | CLASS IB | $144.24 | 129 |
|  1290 VT HIGH YIELD BOND | 1.45% | CLASS IB | $142.22 |  |
|  1290 VT MICRO CAP | 1.20% | CLASS IB | $193.57 |  |
|  1290 VT MICRO CAP | 1.25% | CLASS IB | $192.87 | 6 |
|  1290 VT SMALL CAP VALUE | 0.00% | CLASS IB | $276.89 | 1 |
|  1290 VT SMALL CAP VALUE | 0.25% | CLASS IB | $247.57 |  |
|  1290 VT SMALL CAP VALUE | 0.50% | CLASS IB | $241.05 | 11 |
|  1290 VT SMALL CAP VALUE | 0.70% | CLASS IB | $235.94 | 1 |
|  1290 VT SMALL CAP VALUE | 0.80% | CLASS IB | $233.43 | 5 |
|  1290 VT SMALL CAP VALUE | 0.90% | CLASS IB | $27.68 | 3 |
|  1290 VT SMALL CAP VALUE | 0.90% | CLASS IB | $230.94 | 24 |
|  1290 VT SMALL CAP VALUE | 0.95% | CLASS IB | $242.88 | 11 |
|  1290 VT SMALL CAP VALUE | 1.00% | CLASS IB | $228.48 | 1 |
|  1290 VT SMALL CAP VALUE | 1.10% | CLASS IB | $226.04 | 3 |
|  1290 VT SMALL CAP VALUE | 1.20% | CLASS IB | $223.61 | 70 |
|  1290 VT SMALL CAP VALUE | 1.25% | CLASS IB | $222.42 | 11 |
|  1290 VT SMALL CAP VALUE | 1.30% | CLASS IB | $238.11 |  |
|  1290 VT SMALL CAP VALUE | 1.34% | CLASS IB | $26.98 | 15 |
|  1290 VT SMALL CAP VALUE | 1.34% | CLASS IB | $220.27 | 554 |
|  1290 VT SMALL CAP VALUE | 1.35% | CLASS IB | $26.96 |  |
|  1290 VT SMALL CAP VALUE | 1.45% | CLASS IB | $236.08 |  |
|  1290 VT SMARTBETA EQUITY ESG | 0.00% | CLASS IB | $279.26 |  |
|  1290 VT SMARTBETA EQUITY ESG | 0.25% | CLASS IB | $259.97 | 1 |
|  1290 VT SMARTBETA EQUITY ESG | 0.40% | CLASS IB | $140.90 |  |
|  1290 VT SMARTBETA EQUITY ESG | 0.50% | CLASS IB | $253.13 | 4 |
|  1290 VT SMARTBETA EQUITY ESG | 0.70% | CLASS IB | $247.77 | 2 |
|  1290 VT SMARTBETA EQUITY ESG | 0.80% | CLASS IB | $245.13 | 5 |
|  1290 VT SMARTBETA EQUITY ESG | 0.90% | CLASS IB | $242.52 | 19 |
|  1290 VT SMARTBETA EQUITY ESG | 0.95% | CLASS IB | $192.54 | 2 |
|  1290 VT SMARTBETA EQUITY ESG | 1.00% | CLASS IB | $239.93 |  |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  1290 VT SMARTBETA EQUITY ESG | 1.10% | CLASS IB | $237.37 | 4 |
|  1290 VT SMARTBETA EQUITY ESG | 1.20% | CLASS IB | $234.82 | 88 |
|  1290 VT SMARTBETA EQUITY ESG | 1.25% | CLASS IB | $233.56 | 6 |
|  1290 VT SMARTBETA EQUITY ESG | 1.30% | CLASS IB | $188.75 | 1 |
|  1290 VT SMARTBETA EQUITY ESG | 1.34% | CLASS IB | $231.31 | 135 |
|  1290 VT SMARTBETA EQUITY ESG | 1.45% | CLASS IB | $187.15 |  |
|  1290 VT SOCIALLY RESPONSIBLE | 0.00% | CLASS IB | $366.98 | 36 |
|  1290 VT SOCIALLY RESPONSIBLE | 0.25% | CLASS IB | $488.51 |  |
|  1290 VT SOCIALLY RESPONSIBLE | 0.40% | CLASS IB | $539.06 | 4 |
|  1290 VT SOCIALLY RESPONSIBLE | 0.50% | CLASS IB | $458.49 | 3 |
|  1290 VT SOCIALLY RESPONSIBLE | 0.70% | CLASS IB | $492.07 |  |
|  1290 VT SOCIALLY RESPONSIBLE | 0.80% | CLASS IB | $949.01 | 1 |
|  1290 VT SOCIALLY RESPONSIBLE | 0.90% | CLASS IB | $466.61 | 9 |
|  1290 VT SOCIALLY RESPONSIBLE | 0.95% | CLASS IB | $590.35 | 1 |
|  1290 VT SOCIALLY RESPONSIBLE | 1.00% | CLASS IB | $454.37 |  |
|  1290 VT SOCIALLY RESPONSIBLE | 1.10% | CLASS IB | $442.40 | 3 |
|  1290 VT SOCIALLY RESPONSIBLE | 1.20% | CLASS IB | $430.72 | 65 |
|  1290 VT SOCIALLY RESPONSIBLE | 1.25% | CLASS IB | $428.43 | 3 |
|  1290 VT SOCIALLY RESPONSIBLE | 1.30% | CLASS IB | $469.38 |  |
|  1290 VT SOCIALLY RESPONSIBLE | 1.34% | CLASS IB | $414.92 | 127 |
|  1290 VT SOCIALLY RESPONSIBLE | 1.45% | CLASS IB | $522.17 |  |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 0.00% | CLASS 4 | $122.32 |  |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 0.25% | CLASS 4 | $121.74 |  |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 0.40% | CLASS 4 | $96.59 | 2 |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 0.50% | CLASS 4 | $117.94 | 24 |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 0.70% | CLASS 4 | $114.97 | 6 |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 0.80% | CLASS 4 | $113.52 | 29 |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 0.90% | CLASS 4 | $112.08 | 68 |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 0.95% | CLASS 4 | $111.37 | 10 |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 1.00% | CLASS 4 | $110.66 | 3 |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 1.10% | CLASS 4 | $109.26 | 15 |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 1.20% | CLASS 4 | $107.86 | 232 |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 1.25% | CLASS 4 | $107.18 | 39 |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 1.34% | CLASS 4 | $105.95 | 139 |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | 1.45% | CLASS 4 | $104.46 |  |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/400 MANAGED VOLATILITY | 0.00% | CLASS IB | $234.73 | 1 |
|  EQ/400 MANAGED VOLATILITY | 0.25% | CLASS IB | $367.93 |  |
|  EQ/400 MANAGED VOLATILITY | 0.40% | CLASS IB | $333.56 | 6 |
|  EQ/400 MANAGED VOLATILITY | 0.50% | CLASS IB | $353.73 | 1 |
|  EQ/400 MANAGED VOLATILITY | 0.70% | CLASS IB | $386.43 |  |
|  EQ/400 MANAGED VOLATILITY | 0.80% | CLASS IB | $337.35 | 2 |
|  EQ/400 MANAGED VOLATILITY | 0.90% | CLASS IB | $332.06 | 2 |
|  EQ/400 MANAGED VOLATILITY | 0.90% | CLASS IB | $374.68 | 7 |
|  EQ/400 MANAGED VOLATILITY | 0.95% | CLASS IB | $371.80 |  |
|  EQ/400 MANAGED VOLATILITY | 1.00% | CLASS IB | $326.85 |  |
|  EQ/400 MANAGED VOLATILITY | 1.10% | CLASS IB | $321.70 | 17 |
|  EQ/400 MANAGED VOLATILITY | 1.20% | CLASS IB | $316.62 | 26 |
|  EQ/400 MANAGED VOLATILITY | 1.20% | CLASS IB | $357.66 |  |
|  EQ/400 MANAGED VOLATILITY | 1.25% | CLASS IB | $354.91 | 1 |
|  EQ/400 MANAGED VOLATILITY | 1.34% | CLASS IB | $349.98 | 20 |
|  EQ/400 MANAGED VOLATILITY | 1.45% | CLASS IB | $260.69 |  |
|  EQ/500 MANAGED VOLATILITY | 0.00% | CLASS IB | $350.07 | 7 |
|  EQ/500 MANAGED VOLATILITY | 0.25% | CLASS IB | $562.18 |  |
|  EQ/500 MANAGED VOLATILITY | 0.50% | CLASS IB | $540.49 | 1 |
|  EQ/500 MANAGED VOLATILITY | 0.70% | CLASS IB | $523.67 |  |
|  EQ/500 MANAGED VOLATILITY | 0.70% | CLASS IB | $584.82 |  |
|  EQ/500 MANAGED VOLATILITY | 0.80% | CLASS IB | $515.46 | 3 |
|  EQ/500 MANAGED VOLATILITY | 0.90% | CLASS IB | $507.38 | 3 |
|  EQ/500 MANAGED VOLATILITY | 0.90% | CLASS IB | $567.04 | 10 |
|  EQ/500 MANAGED VOLATILITY | 0.95% | CLASS IB | $562.68 |  |
|  EQ/500 MANAGED VOLATILITY | 1.00% | CLASS IB | $499.42 | 1 |
|  EQ/500 MANAGED VOLATILITY | 1.10% | CLASS IB | $491.56 | 15 |
|  EQ/500 MANAGED VOLATILITY | 1.20% | CLASS IB | $483.80 | 46 |
|  EQ/500 MANAGED VOLATILITY | 1.20% | CLASS IB | $541.28 | 1 |
|  EQ/500 MANAGED VOLATILITY | 1.25% | CLASS IB | $537.12 | 3 |
|  EQ/500 MANAGED VOLATILITY | 1.34% | CLASS IB | $529.66 | 34 |
|  EQ/2000 MANAGED VOLATILITY | 0.00% | CLASS IB | $217.77 | 1 |
|  EQ/2000 MANAGED VOLATILITY | 0.25% | CLASS IB | $317.07 | 1 |
|  EQ/2000 MANAGED VOLATILITY | 0.50% | CLASS IB | $304.84 | 1 |
|  EQ/2000 MANAGED VOLATILITY | 0.70% | CLASS IB | $295.35 |  |
|  EQ/2000 MANAGED VOLATILITY | 0.70% | CLASS IB | $348.07 |  |
|  EQ/2000 MANAGED VOLATILITY | 0.80% | CLASS IB | $290.71 | 1 |
|  EQ/2000 MANAGED VOLATILITY | 0.90% | CLASS IB | $286.16 | 1 |
|  EQ/2000 MANAGED VOLATILITY | 0.90% | CLASS IB | $337.49 | 6 |
|  EQ/2000 MANAGED VOLATILITY | 0.95% | CLASS IB | $334.89 |  |
|  EQ/2000 MANAGED VOLATILITY | 1.00% | CLASS IB | $281.67 |  |
|  EQ/2000 MANAGED VOLATILITY | 1.10% | CLASS IB | $277.23 | 1 |
|  EQ/2000 MANAGED VOLATILITY | 1.20% | CLASS IB | $272.85 | 26 |
|  EQ/2000 MANAGED VOLATILITY | 1.20% | CLASS IB | $322.16 |  |
|  EQ/2000 MANAGED VOLATILITY | 1.25% | CLASS IB | $319.68 | 1 |
|  EQ/2000 MANAGED VOLATILITY | 1.34% | CLASS IB | $315.24 | 9 |
|  EQ/AB DYNAMIC MODERATE GROWTH | 0.00% | CLASS IB | $180.20 |  |
|  EQ/AB DYNAMIC MODERATE GROWTH | 0.25% | CLASS IB | $220.47 |  |
|  EQ/AB DYNAMIC MODERATE GROWTH | 0.50% | CLASS IB | $213.06 | 1 |
|  EQ/AB DYNAMIC MODERATE GROWTH | 0.70% | CLASS IB | $207.28 |  |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/AB DYNAMIC MODERATE GROWTH | 0.80% | CLASS IB | $204.45 | 1 |
|  EQ/AB DYNAMIC MODERATE GROWTH | 0.90% | CLASS IB | $201.66 | 3 |
|  EQ/AB DYNAMIC MODERATE GROWTH | 0.95% | CLASS IB | $200.28 | 1 |
|  EQ/AB DYNAMIC MODERATE GROWTH | 1.00% | CLASS IB | $198.91 | 2 |
|  EQ/AB DYNAMIC MODERATE GROWTH | 1.10% | CLASS IB | $196.18 | 7 |
|  EQ/AB DYNAMIC MODERATE GROWTH | 1.20% | CLASS IB | $193.49 | 30 |
|  EQ/AB DYNAMIC MODERATE GROWTH | 1.25% | CLASS IB | $192.16 | 7 |
|  EQ/AB DYNAMIC MODERATE GROWTH | 1.34% | CLASS IB | $189.78 | 15 |
|  EQ/AB SHORT DURATION GOVERNMENT BOND | 1.30% | CLASS IB | $103.32 |  |
|  EQ/AB SMALL CAP GROWTH | 0.00% | CLASS IB | $258.00 | 3 |
|  EQ/AB SMALL CAP GROWTH | 0.25% | CLASS IB | $475.15 | 4 |
|  EQ/AB SMALL CAP GROWTH | 0.40% | CLASS IB | $109.55 |  |
|  EQ/AB SMALL CAP GROWTH | 0.50% | CLASS IB | $446.00 | 32 |
|  EQ/AB SMALL CAP GROWTH | 0.70% | CLASS IB | $664.98 | 3 |
|  EQ/AB SMALL CAP GROWTH | 0.70% | CLASS IB | $714.33 |  |
|  EQ/AB SMALL CAP GROWTH | 0.80% | CLASS IB | $776.90 | 11 |
|  EQ/AB SMALL CAP GROWTH | 0.90% | CLASS IB | $571.54 | 8 |
|  EQ/AB SMALL CAP GROWTH | 0.90% | CLASS IB | $808.15 | 25 |
|  EQ/AB SMALL CAP GROWTH | 0.95% | CLASS IB | $668.45 | 10 |
|  EQ/AB SMALL CAP GROWTH | 1.00% | CLASS IB | $719.79 | 1 |
|  EQ/AB SMALL CAP GROWTH | 1.10% | CLASS IB | $642.29 | 7 |
|  EQ/AB SMALL CAP GROWTH | 1.20% | CLASS IB | $524.61 | 174 |
|  EQ/AB SMALL CAP GROWTH | 1.20% | CLASS IB | $740.83 | 5 |
|  EQ/AB SMALL CAP GROWTH | 1.25% | CLASS IB | $330.89 | 119 |
|  EQ/AB SMALL CAP GROWTH | 1.30% | CLASS IB | $395.31 | 1 |
|  EQ/AB SMALL CAP GROWTH | 1.34% | CLASS IB | $711.35 | 414 |
|  EQ/AB SMALL CAP GROWTH | 1.35% | CLASS IB | $709.26 | 1 |
|  EQ/AB SMALL CAP GROWTH | 1.45% | CLASS IB | $506.05 |  |
|  EQ/AGGRESSIVE ALLOCATION | 0.00% | CLASS IB | $246.38 | 10 |
|  EQ/AGGRESSIVE ALLOCATION | 0.25% | CLASS IB | $465.63 | 15 |
|  EQ/AGGRESSIVE ALLOCATION | 0.40% | CLASS IB | $128.41 | 2 |
|  EQ/AGGRESSIVE ALLOCATION | 0.50% | CLASS IB | $440.37 | 66 |
|  EQ/AGGRESSIVE ALLOCATION | 0.70% | CLASS IB | $421.06 | 7 |
|  EQ/AGGRESSIVE ALLOCATION | 0.80% | CLASS IB | $503.99 | 26 |
|  EQ/AGGRESSIVE ALLOCATION | 0.90% | CLASS IB | $402.61 | 290 |
|  EQ/AGGRESSIVE ALLOCATION | 0.95% | CLASS IB | $398.12 | 22 |
|  EQ/AGGRESSIVE ALLOCATION | 1.00% | CLASS IB | $393.69 | 5 |
|  EQ/AGGRESSIVE ALLOCATION | 1.10% | CLASS IB | $384.92 | 56 |
|  EQ/AGGRESSIVE ALLOCATION | 1.20% | CLASS IB | $376.33 | 338 |
|  EQ/AGGRESSIVE ALLOCATION | 1.25% | CLASS IB | $230.21 | 8 |
|  EQ/AGGRESSIVE ALLOCATION | 1.30% | CLASS IB | $257.96 | 5 |
|  EQ/AGGRESSIVE ALLOCATION | 1.34% | CLASS IB | $364.66 | 1031 |
|  EQ/AGGRESSIVE ALLOCATION | 1.35% | CLASS IB | $363.83 |  |
|  EQ/AGGRESSIVE ALLOCATION | 1.45% | CLASS IB | $355.71 |  |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 0.00% | CLASS IB | $180.63 |  |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 0.25% | CLASS IB | $178.11 | 1 |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 0.50% | CLASS IB | $175.62 | 10 |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 0.70% | CLASS IB | $173.64 | 1 |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 0.80% | CLASS IB | $172.66 | 12 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 0.90% | CLASS IB | $171.69 | 15 |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 0.95% | CLASS IB | $171.21 | 9 |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 1.00% | CLASS IB | $170.72 | 1 |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 1.10% | CLASS IB | $169.76 | 11 |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 1.20% | CLASS IB | $168.79 | 70 |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 1.25% | CLASS IB | $168.32 | 8 |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 1.30% | CLASS IB | $167.84 | 5 |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 1.34% | CLASS IB | $167.46 | 231 |
|  EQ/AGGRESSIVE GROWTH STRATEGY | 1.45% | CLASS IB | $166.41 |  |
|  EQ/ALL ASSET GROWTH ALLOCATION | 0.00% | CLASS IB | $216.64 |  |
|  EQ/ALL ASSET GROWTH ALLOCATION | 0.25% | CLASS IB | $311.05 |  |
|  EQ/ALL ASSET GROWTH ALLOCATION | 0.50% | CLASS IB | $298.59 | 2 |
|  EQ/ALL ASSET GROWTH ALLOCATION | 0.70% | CLASS IB | $288.94 | 1 |
|  EQ/ALL ASSET GROWTH ALLOCATION | 0.80% | CLASS IB | $284.23 |  |
|  EQ/ALL ASSET GROWTH ALLOCATION | 0.90% | CLASS IB | $279.60 | 11 |
|  EQ/ALL ASSET GROWTH ALLOCATION | 0.95% | CLASS IB | $277.31 | 2 |
|  EQ/ALL ASSET GROWTH ALLOCATION | 1.00% | CLASS IB | $275.04 | 1 |
|  EQ/ALL ASSET GROWTH ALLOCATION | 1.10% | CLASS IB | $270.55 | 7 |
|  EQ/ALL ASSET GROWTH ALLOCATION | 1.20% | CLASS IB | $266.11 | 39 |
|  EQ/ALL ASSET GROWTH ALLOCATION | 1.25% | CLASS IB | $263.93 | 6 |
|  EQ/ALL ASSET GROWTH ALLOCATION | 1.34% | CLASS IB | $260.03 | 75 |
|  EQ/ALL ASSET GROWTH ALLOCATION | 1.45% | CLASS IB | $255.34 |  |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 0.00% | CLASS IB | $232.32 | 29 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 0.25% | CLASS IB | $412.93 |  |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 0.40% | CLASS IB | $188.55 | 2 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 0.50% | CLASS IB | $397.00 | 21 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 0.70% | CLASS IB | $384.64 | 1 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 0.80% | CLASS IB | $378.61 | 35 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 0.90% | CLASS IB | $19.70 | 5 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 0.90% | CLASS IB | $372.67 | 26 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 0.95% | CLASS IB | $182.78 | 7 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 1.00% | CLASS IB | $366.83 | 1 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 1.10% | CLASS IB | $361.05 | 7 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 1.20% | CLASS IB | $355.35 | 232 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 1.25% | CLASS IB | $161.40 | 23 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 1.30% | CLASS IB | $179.19 | 1 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 1.34% | CLASS IB | $19.21 | 4 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 1.34% | CLASS IB | $178.78 | 208 |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 1.35% | CLASS IB | $19.19 |  |
|  EQ/AMERICAN CENTURY MID CAP VALUE | 1.45% | CLASS IB | $177.66 |  |
|  EQ/BALANCED STRATEGY | 0.00% | CLASS IB | $180.00 | 1 |
|  EQ/BALANCED STRATEGY | 0.25% | CLASS IB | $214.17 | 1 |
|  EQ/BALANCED STRATEGY | 0.40% | CLASS IB | $116.78 | 7 |
|  EQ/BALANCED STRATEGY | 0.50% | CLASS IB | $206.97 | 52 |
|  EQ/BALANCED STRATEGY | 0.70% | CLASS IB | $201.36 | 1 |
|  EQ/BALANCED STRATEGY | 0.80% | CLASS IB | $198.61 | 5 |
|  EQ/BALANCED STRATEGY | 0.90% | CLASS IB | $195.90 | 18 |
|  EQ/BALANCED STRATEGY | 0.95% | CLASS IB | $194.56 | 12 |
|  EQ/BALANCED STRATEGY | 1.00% | CLASS IB | $193.23 | 1 |
|  EQ/BALANCED STRATEGY | 1.10% | CLASS IB | $190.58 | 17 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/BALANCED STRATEGY | 1.20% | CLASS IB | $187.96 | 83 |
|  EQ/BALANCED STRATEGY | 1.25% | CLASS IB | $186.67 | 30 |
|  EQ/BALANCED STRATEGY | 1.25% | CLASS IB | $224.03 | 48 |
|  EQ/BALANCED STRATEGY | 1.30% | CLASS IB | $112.03 | 3 |
|  EQ/BALANCED STRATEGY | 1.30% | CLASS IB | $222.18 | 266 |
|  EQ/BALANCED STRATEGY | 1.34% | CLASS IB | $184.36 | 273 |
|  EQ/BALANCED STRATEGY | 1.45% | CLASS IB | $181.58 | 1 |
|  EQ/CAPITAL GROUP RESEARCH | 0.50% | CLASS IB | $780.49 |  |
|  EQ/CAPITAL GROUP RESEARCH | 0.70% | CLASS IB | $826.87 | 1 |
|  EQ/CAPITAL GROUP RESEARCH | 0.80% | CLASS IB | $1141.59 |  |
|  EQ/CAPITAL GROUP RESEARCH | 0.90% | CLASS IB | $784.10 | 11 |
|  EQ/CAPITAL GROUP RESEARCH | 0.95% | CLASS IB | $773.75 | 7 |
|  EQ/CAPITAL GROUP RESEARCH | 1.10% | CLASS IB | $743.46 | 1 |
|  EQ/CAPITAL GROUP RESEARCH | 1.20% | CLASS IB | $723.84 | 47 |
|  EQ/CAPITAL GROUP RESEARCH | 1.25% | CLASS IB | $504.33 | 185 |
|  EQ/CAPITAL GROUP RESEARCH | 1.30% | CLASS IB | $547.67 | 1 |
|  EQ/CAPITAL GROUP RESEARCH | 1.34% | CLASS IB | $697.31 | 316 |
|  EQ/CAPITAL GROUP RESEARCH | 1.35% | CLASS IB | $695.43 |  |
|  EQ/CAPITAL GROUP RESEARCH | 1.45% | CLASS IB | $677.08 |  |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 0.00% | CLASS IB | $99.86 |  |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 0.50% | CLASS IB | $648.35 |  |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 0.70% | CLASS IB | $636.19 | 3 |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 0.80% | CLASS IB | $935.86 |  |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 0.90% | CLASS IB | $603.29 | 13 |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 0.95% | CLASS IB | $595.32 | 6 |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 1.00% | CLASS IB | $587.48 |  |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 1.10% | CLASS IB | $572.01 | 3 |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 1.20% | CLASS IB | $556.92 | 14 |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 1.25% | CLASS IB | $561.06 | 9 |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 1.30% | CLASS IB | $638.98 |  |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 1.34% | CLASS IB | $536.51 | 234 |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 1.35% | CLASS IB | $535.06 |  |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | 1.45% | CLASS IB | $520.94 |  |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 0.00% | CLASS IB | $316.33 | 2 |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 0.25% | CLASS IB | $431.75 |  |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 0.40% | CLASS IB | $127.35 | 3 |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 0.50% | CLASS IB | $411.34 |  |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 0.70% | CLASS IB | $395.64 |  |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 0.80% | CLASS IB | $684.72 |  |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 0.90% | CLASS IB | $380.55 | 6 |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 0.95% | CLASS IB | $376.86 | 1 |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 1.00% | CLASS IB | $373.22 |  |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 1.10% | CLASS IB | $365.99 | 1 |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 1.20% | CLASS IB | $358.89 | 24 |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 1.25% | CLASS IB | $305.01 | 5 |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 1.30% | CLASS IB | $341.46 | 1 |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 1.34% | CLASS IB | $349.21 | 77 |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | 1.45% | CLASS IB | $341.76 |  |
|  EQ/COMMON STOCK INDEX | 0.70% | CLASS IA | $749.86 | 8 |
|  EQ/COMMON STOCK INDEX+ | 0.74% | CLASS IA | $2515.93 | 14 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/COMMON STOCK INDEX+ | 0.74% | CLASS IA | $2725.27 | 6 |
|  EQ/COMMON STOCK INDEX | 0.90% | CLASS IA | $1026.96 | 43 |
|  EQ/COMMON STOCK INDEX | 1.20% | CLASS IA | $804.44 | 7 |
|  EQ/COMMON STOCK INDEX | 1.35% | CLASS IA | $1206.64 | 254 |
|  EQ/COMMON STOCK INDEX | 1.35% | CLASS IA | $1260.74 | 2 |
|  EQ/COMMON STOCK INDEX+ | 1.40% | CLASS IA | $1628.98 | 1127 |
|  EQ/COMMON STOCK INDEX | 1.45% | CLASS IA | $477.58 | 5 |
|  EQ/COMMON STOCK INDEX | 0.00% | CLASS IB | $360.01 | 2 |
|  EQ/COMMON STOCK INDEX | 0.25% | CLASS IB | $525.00 | 2 |
|  EQ/COMMON STOCK INDEX | 0.40% | CLASS IB | $511.39 | 8 |
|  EQ/COMMON STOCK INDEX | 0.50% | CLASS IB | $492.80 | 4 |
|  EQ/COMMON STOCK INDEX | 0.70% | CLASS IB | $494.13 | 7 |
|  EQ/COMMON STOCK INDEX | 0.80% | CLASS IB | $950.18 | 4 |
|  EQ/COMMON STOCK INDEX | 0.90% | CLASS IB | $490.77 | 6 |
|  EQ/COMMON STOCK INDEX | 0.90% | CLASS IB | $549.22 | 24 |
|  EQ/COMMON STOCK INDEX | 0.95% | CLASS IB | $462.40 | 46 |
|  EQ/COMMON STOCK INDEX | 1.00% | CLASS IB | $789.77 | 1 |
|  EQ/COMMON STOCK INDEX | 1.10% | CLASS IB | $444.31 | 17 |
|  EQ/COMMON STOCK INDEX | 1.20% | CLASS IB | $495.01 | 216 |
|  EQ/COMMON STOCK INDEX | 1.25% | CLASS IB | $388.89 | 136 |
|  EQ/COMMON STOCK INDEX | 1.30% | CLASS IB | $431.64 | 4 |
|  EQ/CONSERVATIVE ALLOCATION | 0.00% | CLASS IB | $135.14 | 1 |
|  EQ/CONSERVATIVE ALLOCATION | 0.25% | CLASS IB | $192.11 | 1 |
|  EQ/CONSERVATIVE ALLOCATION | 0.40% | CLASS IB | $104.77 |  |
|  EQ/CONSERVATIVE ALLOCATION | 0.50% | CLASS IB | $181.68 | 13 |
|  EQ/CONSERVATIVE ALLOCATION | 0.70% | CLASS IB | $173.72 | 1 |
|  EQ/CONSERVATIVE ALLOCATION | 0.80% | CLASS IB | $166.71 | 3 |
|  EQ/CONSERVATIVE ALLOCATION | 0.90% | CLASS IB | $166.10 | 43 |
|  EQ/CONSERVATIVE ALLOCATION | 0.95% | CLASS IB | $164.25 | 7 |
|  EQ/CONSERVATIVE ALLOCATION | 1.00% | CLASS IB | $162.42 | 1 |
|  EQ/CONSERVATIVE ALLOCATION | 1.10% | CLASS IB | $158.81 | 10 |
|  EQ/CONSERVATIVE ALLOCATION | 1.20% | CLASS IB | $155.26 | 71 |
|  EQ/CONSERVATIVE ALLOCATION | 1.25% | CLASS IB | $132.91 | 37 |
|  EQ/CONSERVATIVE ALLOCATION | 1.30% | CLASS IB | $136.11 | 3 |
|  EQ/CONSERVATIVE ALLOCATION | 1.34% | CLASS IB | $150.45 | 133 |
|  EQ/CONSERVATIVE ALLOCATION | 1.45% | CLASS IB | $146.75 |  |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 0.00% | CLASS IB | $163.76 |  |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 0.25% | CLASS IB | $187.78 |  |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 0.50% | CLASS IB | $181.47 | 26 |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 0.70% | CLASS IB | $176.55 | 2 |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 0.80% | CLASS IB | $174.14 | 1 |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 0.90% | CLASS IB | $171.76 | 5 |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 0.95% | CLASS IB | $170.58 |  |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 1.00% | CLASS IB | $169.42 |  |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 1.10% | CLASS IB | $167.10 | 4 |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 1.20% | CLASS IB | $164.80 | 23 |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 1.25% | CLASS IB | $163.67 | 33 |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 1.25% | CLASS IB | $193.47 | 11 |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 1.30% | CLASS IB | $191.87 | 24 |
|  EQ/CONSERVATIVE GROWTH STRATEGY | 1.34% | CLASS IB | $161.65 | 25 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/CONSERVATIVE STRATEGY | 0.00% | CLASS IB | $135.18 |  |
|  EQ/CONSERVATIVE STRATEGY | 0.25% | CLASS IB | $143.59 |  |
|  EQ/CONSERVATIVE STRATEGY | 0.50% | CLASS IB | $138.76 | 30 |
|  EQ/CONSERVATIVE STRATEGY | 0.70% | CLASS IB | $135.00 |  |
|  EQ/CONSERVATIVE STRATEGY | 0.80% | CLASS IB | $133.16 | 1 |
|  EQ/CONSERVATIVE STRATEGY | 0.90% | CLASS IB | $131.34 | 3 |
|  EQ/CONSERVATIVE STRATEGY | 0.95% | CLASS IB | $130.44 |  |
|  EQ/CONSERVATIVE STRATEGY | 1.10% | CLASS IB | $127.77 | 1 |
|  EQ/CONSERVATIVE STRATEGY | 1.20% | CLASS IB | $126.02 | 10 |
|  EQ/CONSERVATIVE STRATEGY | 1.25% | CLASS IB | $125.15 | 4 |
|  EQ/CONSERVATIVE STRATEGY | 1.25% | CLASS IB | $141.53 | 2 |
|  EQ/CONSERVATIVE STRATEGY | 1.30% | CLASS IB | $140.36 | 13 |
|  EQ/CONSERVATIVE STRATEGY | 1.34% | CLASS IB | $123.61 | 13 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 0.00% | CLASS IB | $161.02 | 1 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 0.25% | CLASS IB | $247.23 | 1 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 0.50% | CLASS IB | $233.82 | 17 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 0.70% | CLASS IB | $223.57 | 4 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 0.80% | CLASS IB | $230.52 | 5 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 0.90% | CLASS IB | $213.77 | 102 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 0.95% | CLASS IB | $211.38 | 8 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 1.00% | CLASS IB | $209.03 | 1 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 1.10% | CLASS IB | $204.38 | 15 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 1.20% | CLASS IB | $199.82 | 184 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 1.25% | CLASS IB | $157.65 | 29 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 1.30% | CLASS IB | $165.35 | 5 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 1.34% | CLASS IB | $193.62 | 260 |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | 1.45% | CLASS IB | $188.87 |  |
|  EQ/CORE BOND INDEX | 0.00% | CLASS IB | $117.30 |  |
|  EQ/CORE BOND INDEX | 0.25% | CLASS IB | $154.53 |  |
|  EQ/CORE BOND INDEX | 0.40% | CLASS IB | $114.89 | 14 |
|  EQ/CORE BOND INDEX | 0.50% | CLASS IB | $145.48 | 19 |
|  EQ/CORE BOND INDEX | 0.70% | CLASS IB | $138.59 | 11 |
|  EQ/CORE BOND INDEX | 0.80% | CLASS IB | $126.37 | 30 |
|  EQ/CORE BOND INDEX | 0.90% | CLASS IB | $132.03 | 92 |
|  EQ/CORE BOND INDEX | 0.95% | CLASS IB | $130.44 | 27 |
|  EQ/CORE BOND INDEX | 1.00% | CLASS IB | $128.87 | 3 |
|  EQ/CORE BOND INDEX | 1.10% | CLASS IB | $125.77 | 13 |
|  EQ/CORE BOND INDEX | 1.20% | CLASS IB | $122.73 | 183 |
|  EQ/CORE BOND INDEX | 1.25% | CLASS IB | $104.35 | 24 |
|  EQ/CORE BOND INDEX | 1.30% | CLASS IB | $103.92 | 1 |
|  EQ/CORE BOND INDEX | 1.34% | CLASS IB | $118.62 | 423 |
|  EQ/CORE BOND INDEX | 1.35% | CLASS IB | $118.33 |  |
|  EQ/CORE BOND INDEX | 1.45% | CLASS IB | $115.47 |  |
|  EQ/CORE PLUS BOND | 0.70% | CLASS IA | $135.72 | 3 |
|  EQ/CORE PLUS BOND | 0.90% | CLASS IA | $171.63 | 54 |
|  EQ/CORE PLUS BOND | 1.20% | CLASS IA | $137.45 | 2 |
|  EQ/CORE PLUS BOND | 1.34% | CLASS IA | $178.16 | 281 |
|  EQ/CORE PLUS BOND | 1.35% | CLASS IA | $189.61 | 3 |
|  EQ/CORE PLUS BOND | 1.45% | CLASS IA | $102.51 |  |
|  EQ/CORE PLUS BOND | 0.00% | CLASS IB | $122.53 |  |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/CORE PLUS BOND | 0.25% | CLASS IB | $166.60 |  |
|  EQ/CORE PLUS BOND | 0.40% | CLASS IB | $94.25 | 5 |
|  EQ/CORE PLUS BOND | 0.50% | CLASS IB | $156.38 | 9 |
|  EQ/CORE PLUS BOND | 0.70% | CLASS IB | $142.15 | 1 |
|  EQ/CORE PLUS BOND | 0.80% | CLASS IB | $144.59 | 13 |
|  EQ/CORE PLUS BOND | 0.90% | CLASS IB | $116.23 | 14 |
|  EQ/CORE PLUS BOND | 0.95% | CLASS IB | $133.02 | 24 |
|  EQ/CORE PLUS BOND | 1.00% | CLASS IB | $154.37 | 1 |
|  EQ/CORE PLUS BOND | 1.10% | CLASS IB | $127.81 | 15 |
|  EQ/CORE PLUS BOND | 1.20% | CLASS IB | $106.54 | 160 |
|  EQ/CORE PLUS BOND | 1.25% | CLASS IB | $98.69 | 28 |
|  EQ/CORE PLUS BOND | 1.30% | CLASS IB | $102.33 | 2 |
|  EQ/EMERGING MARKETS EQUITY PLUS | 0.00% | CLASS IB | $192.34 |  |
|  EQ/EMERGING MARKETS EQUITY PLUS | 0.25% | CLASS IB | $154.10 | 1 |
|  EQ/EMERGING MARKETS EQUITY PLUS | 0.40% | CLASS IB | $116.74 | 5 |
|  EQ/EMERGING MARKETS EQUITY PLUS | 0.50% | CLASS IB | $149.29 | 6 |
|  EQ/EMERGING MARKETS EQUITY PLUS | 0.70% | CLASS IB | $145.53 | 1 |
|  EQ/EMERGING MARKETS EQUITY PLUS | 0.80% | CLASS IB | $143.69 | 6 |
|  EQ/EMERGING MARKETS EQUITY PLUS | 0.90% | CLASS IB | $141.87 | 20 |
|  EQ/EMERGING MARKETS EQUITY PLUS | 0.95% | CLASS IB | $140.97 |  |
|  EQ/EMERGING MARKETS EQUITY PLUS | 1.00% | CLASS IB | $140.08 | 4 |
|  EQ/EMERGING MARKETS EQUITY PLUS | 1.10% | CLASS IB | $138.30 | 6 |
|  EQ/EMERGING MARKETS EQUITY PLUS | 1.20% | CLASS IB | $136.53 | 80 |
|  EQ/EMERGING MARKETS EQUITY PLUS | 1.25% | CLASS IB | $135.66 | 7 |
|  EQ/EMERGING MARKETS EQUITY PLUS | 1.34% | CLASS IB | $134.11 | 77 |
|  EQ/EMERGING MARKETS EQUITY PLUS | 1.45% | CLASS IB | $132.23 |  |
|  EQ/EQUITY 500 INDEX | 0.70% | CLASS IA | $876.15 | 15 |
|  EQ/EQUITY 500 INDEX | 0.90% | CLASS IA | $1201.36 | 159 |
|  EQ/EQUITY 500 INDEX | 1.20% | CLASS IA | $943.02 | 23 |
|  EQ/EQUITY 500 INDEX | 1.34% | CLASS IA | $1517.33 | 1176 |
|  EQ/EQUITY 500 INDEX | 1.35% | CLASS IA | $1512.44 | 3 |
|  EQ/EQUITY 500 INDEX | 1.45% | CLASS IA | $562.80 | 2 |
|  EQ/EQUITY 500 INDEX | 0.00% | CLASS IB | $382.83 | 27 |
|  EQ/EQUITY 500 INDEX | 0.25% | CLASS IB | $623.93 | 16 |
|  EQ/EQUITY 500 INDEX | 0.40% | CLASS IB | $540.78 | 56 |
|  EQ/EQUITY 500 INDEX | 0.50% | CLASS IB | $585.67 | 69 |
|  EQ/EQUITY 500 INDEX | 0.70% | CLASS IB | $574.44 | 14 |
|  EQ/EQUITY 500 INDEX | 0.80% | CLASS IB | $989.71 | 43 |
|  EQ/EQUITY 500 INDEX | 0.90% | CLASS IB | $644.52 | 75 |
|  EQ/EQUITY 500 INDEX | 0.95% | CLASS IB | $537.56 | 35 |
|  EQ/EQUITY 500 INDEX | 1.00% | CLASS IB | $808.21 | 12 |
|  EQ/EQUITY 500 INDEX | 1.10% | CLASS IB | $516.52 | 123 |
|  EQ/EQUITY 500 INDEX | 1.20% | CLASS IB | $583.23 | 1726 |
|  EQ/EQUITY 500 INDEX | 1.25% | CLASS IB | $450.10 | 203 |
|  EQ/EQUITY 500 INDEX | 1.30% | CLASS IB | $502.19 | 7 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 0.00% | CLASS IB | $386.32 | 9 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 0.25% | CLASS IB | $645.56 | 7 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 0.40% | CLASS IB | $163.48 | 3 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 0.50% | CLASS IB | $620.66 | 21 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 0.70% | CLASS IB | $601.34 | 1 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 0.70% | CLASS IB | $666.83 | 2 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 0.80% | CLASS IB | $591.91 | 25 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 0.90% | CLASS IB | $582.63 | 17 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 0.90% | CLASS IB | $646.56 | 48 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 0.95% | CLASS IB | $641.59 | 2 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 1.00% | CLASS IB | $573.50 | 5 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 1.10% | CLASS IB | $564.47 | 20 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 1.20% | CLASS IB | $555.55 | 398 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 1.20% | CLASS IB | $617.19 | 8 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 1.25% | CLASS IB | $612.44 | 153 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 1.34% | CLASS IB | $603.94 | 326 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | 1.45% | CLASS IB | $473.39 |  |
|  EQ/FRANKLIN RISING DIVIDENDS | 1.20% | CLASS IB | $201.84 | 9 |
|  EQ/FRANKLIN RISING DIVIDENDS | 1.25% | CLASS IB | $201.11 | 140 |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | 0.00% | CLASS IB | $224.14 |  |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | 0.25% | CLASS IB | $319.02 |  |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | 0.50% | CLASS IB | $303.94 | 4 |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | 0.70% | CLASS IB | $292.33 |  |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | 0.80% | CLASS IB | $593.92 |  |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | 0.90% | CLASS IB | $281.18 | 2 |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | 0.95% | CLASS IB | $278.45 | 1 |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | 1.00% | CLASS IB | $275.76 |  |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | 1.10% | CLASS IB | $270.42 | 1 |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | 1.20% | CLASS IB | $265.18 | 12 |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | 1.25% | CLASS IB | $219.85 | 2 |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | 1.30% | CLASS IB | $248.69 |  |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | 1.34% | CLASS IB | $258.02 | 48 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 0.00% | CLASS IB | $245.07 |  |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 0.25% | CLASS IB | $726.64 |  |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 0.50% | CLASS IB | $681.98 | 1 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 0.70% | CLASS IB | $812.17 | 3 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 0.80% | CLASS IB | $495.85 | 1 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 0.90% | CLASS IB | $768.44 | 31 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 0.90% | CLASS IB | $911.46 | 3 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 0.95% | CLASS IB | $668.26 | 9 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 1.00% | CLASS IB | $747.47 |  |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 1.10% | CLASS IB | $726.97 | 4 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 1.20% | CLASS IB | $667.64 | 46 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 1.20% | CLASS IB | $706.99 | 6 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 1.25% | CLASS IB | $200.50 | 11 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 1.30% | CLASS IB | $273.11 | 1 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 1.34% | CLASS IB | $450.86 | 628 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY+ | 1.34% | CLASS IB | $728.81 | 11 |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 1.35% | CLASS IB | $678.09 |  |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | 1.45% | CLASS IB | $622.80 |  |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 0.00% | CLASS IB | $242.03 | 1 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 0.25% | CLASS IB | $394.71 | 1 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 0.50% | CLASS IB | $379.48 | 6 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 0.70% | CLASS IB | $317.20 | 1 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 0.70% | CLASS IB | $367.66 |  |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 0.80% | CLASS IB | $361.90 | 6 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 0.90% | CLASS IB | $307.98 | 19 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 0.90% | CLASS IB | $356.22 | 4 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 0.95% | CLASS IB | $305.72 | 2 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 1.00% | CLASS IB | $350.64 | 1 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 1.10% | CLASS IB | $345.11 | 5 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 1.20% | CLASS IB | $294.61 | 1 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 1.20% | CLASS IB | $339.66 | 61 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 1.25% | CLASS IB | $292.44 | 27 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 1.34% | CLASS IB | $288.56 | 101 |
|  EQ/GOLDMAN SACHS MID CAP VALUE | 1.45% | CLASS IB | $283.88 |  |
|  EQ/GROWTH STRATEGY | 1.10% | CLASS IB | $283.44 | 5 |
|  EQ/GROWTH STRATEGY | 1.25% | CLASS IB | $276.51 | 1 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 0.70% | CLASS IA | $172.07 | 1 |
|  EQ/INTERMEDIATE GOVERNMENT BOND+ | 0.74% | CLASS IA | $102.15 | 1 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 0.90% | CLASS IA | $178.86 | 11 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 1.20% | CLASS IA | $155.91 | 1 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 1.34% | CLASS IA | $169.37 | 145 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 1.35% | CLASS IA | $162.93 | 1 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 1.45% | CLASS IA | $134.25 |  |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 0.00% | CLASS IB | $111.18 | 23 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 0.25% | CLASS IB | $167.24 |  |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 0.50% | CLASS IB | $156.99 | 2 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 0.70% | CLASS IB | $156.45 | 1 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 0.80% | CLASS IB | $109.06 | 3 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 0.90% | CLASS IB | $151.20 | 2 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 0.95% | CLASS IB | $146.41 | 8 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 1.00% | CLASS IB | $117.43 |  |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 1.10% | CLASS IB | $140.68 | 2 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 1.20% | CLASS IB | $139.24 | 6 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 1.25% | CLASS IB | $105.77 | 11 |
|  EQ/INTERMEDIATE GOVERNMENT BOND | 1.30% | CLASS IB | $105.64 |  |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 0.00% | CLASS IB | $198.99 |  |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 0.25% | CLASS IB | $242.24 |  |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 0.40% | CLASS IB | $172.57 | 1 |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 0.50% | CLASS IB | $227.35 | 2 |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 0.70% | CLASS IB | $243.39 | 3 |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 0.80% | CLASS IB | $327.15 | 2 |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 0.90% | CLASS IB | $230.80 | 50 |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 0.95% | CLASS IB | $279.80 | 8 |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 1.00% | CLASS IB | $224.75 |  |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 1.10% | CLASS IB | $218.83 | 5 |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 1.20% | CLASS IB | $213.05 | 88 |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 1.25% | CLASS IB | $138.81 | 6 |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 1.30% | CLASS IB | $160.06 | 1 |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 1.34% | CLASS IB | $205.24 | 513 |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | 1.45% | CLASS IB | $247.69 |  |
|  EQ/INTERNATIONAL EQUITY INDEX | 0.70% | CLASS IA | $268.38 | 5 |
|  EQ/INTERNATIONAL EQUITY INDEX | 0.90% | CLASS IA | $278.46 | 105 |
|  EQ/INTERNATIONAL EQUITY INDEX | 1.20% | CLASS IA | $233.22 | 7 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/INTERNATIONAL EQUITY INDEX | 1.34% | CLASS IA | $253.38 | 1393 |
|  EQ/INTERNATIONAL EQUITY INDEX | 1.35% | CLASS IA | $252.60 | 2 |
|  EQ/INTERNATIONAL EQUITY INDEX | 1.45% | CLASS IA | $194.23 | 1 |
|  EQ/INTERNATIONAL EQUITY INDEX | 0.00% | CLASS IB | $212.04 | 6 |
|  EQ/INTERNATIONAL EQUITY INDEX | 0.25% | CLASS IB | $245.88 | 3 |
|  EQ/INTERNATIONAL EQUITY INDEX | 0.40% | CLASS IB | $250.89 | 17 |
|  EQ/INTERNATIONAL EQUITY INDEX | 0.50% | CLASS IB | $230.80 | 11 |
|  EQ/INTERNATIONAL EQUITY INDEX | 0.70% | CLASS IB | $230.27 | 4 |
|  EQ/INTERNATIONAL EQUITY INDEX | 0.80% | CLASS IB | $370.13 | 13 |
|  EQ/INTERNATIONAL EQUITY INDEX | 0.90% | CLASS IB | $226.29 | 35 |
|  EQ/INTERNATIONAL EQUITY INDEX | 0.95% | CLASS IB | $215.48 | 22 |
|  EQ/INTERNATIONAL EQUITY INDEX | 1.00% | CLASS IB | $325.35 | 3 |
|  EQ/INTERNATIONAL EQUITY INDEX | 1.10% | CLASS IB | $207.05 | 30 |
|  EQ/INTERNATIONAL EQUITY INDEX | 1.20% | CLASS IB | $201.10 | 435 |
|  EQ/INTERNATIONAL EQUITY INDEX | 1.25% | CLASS IB | $124.40 | 24 |
|  EQ/INTERNATIONAL EQUITY INDEX | 1.30% | CLASS IB | $149.56 | 2 |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 0.00% | CLASS IB | $190.96 |  |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 0.25% | CLASS IB | $213.57 |  |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 0.50% | CLASS IB | $205.33 |  |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 0.70% | CLASS IB | $198.94 |  |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 0.70% | CLASS IB | $212.66 |  |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 0.80% | CLASS IB | $195.82 | 1 |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 0.90% | CLASS IB | $192.75 | 1 |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 0.90% | CLASS IB | $206.19 | 10 |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 0.95% | CLASS IB | $204.60 |  |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 1.00% | CLASS IB | $189.72 |  |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 1.10% | CLASS IB | $186.73 | 1 |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 1.20% | CLASS IB | $183.79 | 31 |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 1.20% | CLASS IB | $196.82 |  |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 1.25% | CLASS IB | $195.31 | 1 |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | 1.34% | CLASS IB | $192.59 | 38 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 0.00% | CLASS IB | $187.51 | 1 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 0.25% | CLASS IB | $227.31 |  |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 0.40% | CLASS IB | $214.58 | 27 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 0.50% | CLASS IB | $213.34 | 1 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 0.70% | CLASS IB | $251.48 | 3 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 0.80% | CLASS IB | $310.80 | 1 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 0.90% | CLASS IB | $238.47 | 32 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 0.95% | CLASS IB | $235.32 | 14 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 1.00% | CLASS IB | $232.22 |  |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 1.10% | CLASS IB | $226.11 | 4 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 1.20% | CLASS IB | $220.14 | 36 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 1.25% | CLASS IB | $125.73 | 8 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 1.30% | CLASS IB | $144.48 | 1 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 1.34% | CLASS IB | $212.07 | 673 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 1.35% | CLASS IB | $211.50 | 1 |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | 1.45% | CLASS IB | $225.45 |  |
|  EQ/INVESCO COMSTOCK | 0.00% | CLASS IB | $298.30 |  |
|  EQ/INVESCO COMSTOCK | 0.25% | CLASS IB | $510.25 |  |
|  EQ/INVESCO COMSTOCK | 0.50% | CLASS IB | $484.48 | 4 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/INVESCO COMSTOCK | 0.70% | CLASS IB | $464.72 | 1 |
|  EQ/INVESCO COMSTOCK | 0.80% | CLASS IB | $769.56 | 3 |
|  EQ/INVESCO COMSTOCK | 0.90% | CLASS IB | $445.77 | 25 |
|  EQ/INVESCO COMSTOCK | 0.95% | CLASS IB | $441.15 | 4 |
|  EQ/INVESCO COMSTOCK | 1.00% | CLASS IB | $436.59 |  |
|  EQ/INVESCO COMSTOCK | 1.10% | CLASS IB | $427.56 | 7 |
|  EQ/INVESCO COMSTOCK | 1.20% | CLASS IB | $418.69 | 62 |
|  EQ/INVESCO COMSTOCK | 1.25% | CLASS IB | $326.08 | 13 |
|  EQ/INVESCO COMSTOCK | 1.30% | CLASS IB | $354.52 |  |
|  EQ/INVESCO COMSTOCK | 1.34% | CLASS IB | $406.61 | 210 |
|  EQ/INVESCO COMSTOCK | 1.45% | CLASS IB | $397.33 |  |
|  EQ/INVESCO GLOBAL | 0.00% | CLASS IB | $276.19 | 3 |
|  EQ/INVESCO GLOBAL | 0.25% | CLASS IB | $423.88 | 1 |
|  EQ/INVESCO GLOBAL | 0.40% | CLASS IB | $122.27 | 7 |
|  EQ/INVESCO GLOBAL | 0.50% | CLASS IB | $403.84 | 22 |
|  EQ/INVESCO GLOBAL | 0.70% | CLASS IB | $388.42 | 3 |
|  EQ/INVESCO GLOBAL | 0.80% | CLASS IB | $645.96 | 13 |
|  EQ/INVESCO GLOBAL | 0.90% | CLASS IB | $373.60 | 36 |
|  EQ/INVESCO GLOBAL | 0.95% | CLASS IB | $369.98 | 3 |
|  EQ/INVESCO GLOBAL | 1.00% | CLASS IB | $366.40 | 1 |
|  EQ/INVESCO GLOBAL | 1.10% | CLASS IB | $359.31 | 15 |
|  EQ/INVESCO GLOBAL | 1.20% | CLASS IB | $352.33 | 253 |
|  EQ/INVESCO GLOBAL | 1.25% | CLASS IB | $287.59 | 49 |
|  EQ/INVESCO GLOBAL | 1.30% | CLASS IB | $328.18 | 1 |
|  EQ/INVESCO GLOBAL | 1.34% | CLASS IB | $342.83 | 324 |
|  EQ/INVESCO GLOBAL | 1.45% | CLASS IB | $335.51 |  |
|  EQ/INVESCO GLOBAL REAL ASSETS | 0.00% | CLASS IB | $161.59 |  |
|  EQ/INVESCO GLOBAL REAL ASSETS | 0.25% | CLASS IB | $240.06 | 3 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 0.40% | CLASS IB | $123.66 | 1 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 0.50% | CLASS IB | $230.79 | 21 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 0.70% | CLASS IB | $220.49 | 1 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 0.70% | CLASS IB | $223.61 |  |
|  EQ/INVESCO GLOBAL REAL ASSETS | 0.80% | CLASS IB | $220.10 | 13 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 0.90% | CLASS IB | $213.78 | 37 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 0.90% | CLASS IB | $216.65 | 4 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 0.95% | CLASS IB | $212.14 | 2 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 1.00% | CLASS IB | $213.25 | 1 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 1.10% | CLASS IB | $209.89 | 5 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 1.20% | CLASS IB | $204.07 | 4 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 1.20% | CLASS IB | $206.58 | 119 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 1.25% | CLASS IB | $202.50 | 11 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 1.34% | CLASS IB | $199.69 | 140 |
|  EQ/INVESCO GLOBAL REAL ASSETS | 1.45% | CLASS IB | $171.36 |  |
|  EQ/JANUS ENTERPRISE | 0.00% | CLASS IB | $283.79 | 1 |
|  EQ/JANUS ENTERPRISE | 0.25% | CLASS IB | $620.78 | 1 |
|  EQ/JANUS ENTERPRISE | 0.40% | CLASS IB | $347.96 | 10 |
|  EQ/JANUS ENTERPRISE | 0.50% | CLASS IB | $589.43 | 8 |
|  EQ/JANUS ENTERPRISE | 0.70% | CLASS IB | $565.39 | 5 |
|  EQ/JANUS ENTERPRISE | 0.80% | CLASS IB | $697.87 | 7 |
|  EQ/JANUS ENTERPRISE | 0.90% | CLASS IB | $542.33 | 86 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/JANUS ENTERPRISE | 0.95% | CLASS IB | $536.71 | 8 |
|  EQ/JANUS ENTERPRISE | 1.00% | CLASS IB | $531.16 | 1 |
|  EQ/JANUS ENTERPRISE | 1.10% | CLASS IB | $520.17 | 10 |
|  EQ/JANUS ENTERPRISE | 1.20% | CLASS IB | $509.38 | 196 |
|  EQ/JANUS ENTERPRISE | 1.25% | CLASS IB | $330.00 | 176 |
|  EQ/JANUS ENTERPRISE | 1.30% | CLASS IB | $388.84 | 2 |
|  EQ/JANUS ENTERPRISE | 1.34% | CLASS IB | $494.68 | 503 |
|  EQ/JANUS ENTERPRISE | 1.35% | CLASS IB | $493.64 |  |
|  EQ/JANUS ENTERPRISE | 1.45% | CLASS IB | $483.40 |  |
|  EQ/JPMORGAN GROWTH STOCK | 0.00% | CLASS IB | $389.56 | 2 |
|  EQ/JPMORGAN GROWTH STOCK | 0.25% | CLASS IB | $781.44 | 2 |
|  EQ/JPMORGAN GROWTH STOCK | 0.40% | CLASS IB | $594.02 | 26 |
|  EQ/JPMORGAN GROWTH STOCK | 0.50% | CLASS IB | $740.95 | 23 |
|  EQ/JPMORGAN GROWTH STOCK | 0.70% | CLASS IB | $709.93 | 8 |
|  EQ/JPMORGAN GROWTH STOCK | 0.80% | CLASS IB | $1092.93 | 31 |
|  EQ/JPMORGAN GROWTH STOCK | 0.90% | CLASS IB | $680.23 | 93 |
|  EQ/JPMORGAN GROWTH STOCK | 0.95% | CLASS IB | $672.99 | 8 |
|  EQ/JPMORGAN GROWTH STOCK | 1.00% | CLASS IB | $665.84 | 4 |
|  EQ/JPMORGAN GROWTH STOCK | 1.10% | CLASS IB | $651.70 | 35 |
|  EQ/JPMORGAN GROWTH STOCK | 1.20% | CLASS IB | $637.82 | 668 |
|  EQ/JPMORGAN GROWTH STOCK | 1.25% | CLASS IB | $537.52 | 170 |
|  EQ/JPMORGAN GROWTH STOCK | 1.30% | CLASS IB | $578.80 | 1 |
|  EQ/JPMORGAN GROWTH STOCK | 1.34% | CLASS IB | $618.94 | 746 |
|  EQ/JPMORGAN GROWTH STOCK | 1.35% | CLASS IB | $617.60 | 1 |
|  EQ/JPMORGAN GROWTH STOCK | 1.45% | CLASS IB | $604.44 |  |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 0.00% | CLASS IB | $312.96 | 1 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 0.25% | CLASS IB | $601.90 |  |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 0.40% | CLASS IB | $471.27 | 7 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 0.50% | CLASS IB | $564.91 | 23 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 0.70% | CLASS IB | $543.85 | 4 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 0.80% | CLASS IB | $814.80 | 31 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 0.90% | CLASS IB | $508.93 | 14 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 0.90% | CLASS IB | $514.56 | 41 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 0.95% | CLASS IB | $471.70 | 4 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 1.00% | CLASS IB | $500.52 | 1 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 1.10% | CLASS IB | $486.80 | 18 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 1.20% | CLASS IB | $468.42 | 289 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 1.20% | CLASS IB | $473.42 | 6 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 1.25% | CLASS IB | $335.70 | 98 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 1.30% | CLASS IB | $375.98 |  |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 1.34% | CLASS IB | $574.54 | 279 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 1.35% | CLASS IB | $454.07 | 1 |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | 1.45% | CLASS IB | $436.95 |  |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | 0.00% | CLASS IB | $338.86 |  |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | 0.25% | CLASS IB | $510.06 |  |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | 0.50% | CLASS IB | $478.71 | 1 |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | 0.70% | CLASS IB | $482.35 |  |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | 0.80% | CLASS IB | $809.63 |  |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | 0.90% | CLASS IB | $457.41 | 6 |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | 0.95% | CLASS IB | $451.37 | 2 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | 1.10% | CLASS IB | $433.70 | 1 |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | 1.20% | CLASS IB | $422.25 | 12 |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | 1.25% | CLASS IB | $375.25 | 2 |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | 1.30% | CLASS IB | $408.19 |  |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | 1.34% | CLASS IB | $406.78 | 66 |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | 1.45% | CLASS IB | $394.97 |  |
|  EQ/LARGE CAP GROWTH INDEX | 0.00% | CLASS IB | $506.11 | 2 |
|  EQ/LARGE CAP GROWTH INDEX | 0.25% | CLASS IB | $661.75 | 2 |
|  EQ/LARGE CAP GROWTH INDEX | 0.40% | CLASS IB | $169.65 | 10 |
|  EQ/LARGE CAP GROWTH INDEX | 0.50% | CLASS IB | $621.08 | 5 |
|  EQ/LARGE CAP GROWTH INDEX | 0.70% | CLASS IB | $654.20 | 5 |
|  EQ/LARGE CAP GROWTH INDEX | 0.80% | CLASS IB | $1377.98 | 14 |
|  EQ/LARGE CAP GROWTH INDEX | 0.90% | CLASS IB | $620.36 | 119 |
|  EQ/LARGE CAP GROWTH INDEX | 0.95% | CLASS IB | $612.17 | 13 |
|  EQ/LARGE CAP GROWTH INDEX | 1.00% | CLASS IB | $604.11 | 4 |
|  EQ/LARGE CAP GROWTH INDEX | 1.10% | CLASS IB | $588.20 | 29 |
|  EQ/LARGE CAP GROWTH INDEX | 1.20% | CLASS IB | $572.68 | 318 |
|  EQ/LARGE CAP GROWTH INDEX | 1.25% | CLASS IB | $752.13 | 12 |
|  EQ/LARGE CAP GROWTH INDEX | 1.30% | CLASS IB | $832.13 |  |
|  EQ/LARGE CAP GROWTH INDEX | 1.34% | CLASS IB | $551.69 | 619 |
|  EQ/LARGE CAP GROWTH INDEX | 1.35% | CLASS IB | $550.21 | 2 |
|  EQ/LARGE CAP GROWTH INDEX | 1.45% | CLASS IB | $535.68 |  |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 0.00% | CLASS IB | $417.91 | 1 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 0.25% | CLASS IB | $447.44 | 1 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 0.50% | CLASS IB | $419.95 | 3 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 0.70% | CLASS IB | $714.64 | 5 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 0.80% | CLASS IB | $1047.18 | 1 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 0.90% | CLASS IB | $605.41 | 12 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 0.90% | CLASS IB | $676.16 | 37 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 0.95% | CLASS IB | $566.34 | 27 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 1.00% | CLASS IB | $657.71 |  |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 1.10% | CLASS IB | $639.67 | 6 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 1.20% | CLASS IB | $597.40 | 80 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 1.20% | CLASS IB | $622.09 | 8 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 1.25% | CLASS IB | $543.97 | 5 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 1.30% | CLASS IB | $622.76 | 1 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 1.34% | CLASS IB | $894.37 | 1000 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 1.35% | CLASS IB | $596.67 | 1 |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | 1.45% | CLASS IB | $557.28 | 1 |
|  EQ/LARGE CAP VALUE INDEX | 0.00% | CLASS IB | $253.01 | 1 |
|  EQ/LARGE CAP VALUE INDEX | 0.25% | CLASS IB | $252.02 | 2 |
|  EQ/LARGE CAP VALUE INDEX | 0.50% | CLASS IB | $239.54 | 10 |
|  EQ/LARGE CAP VALUE INDEX | 0.70% | CLASS IB | $229.97 | 5 |
|  EQ/LARGE CAP VALUE INDEX | 0.80% | CLASS IB | $637.85 | 6 |
|  EQ/LARGE CAP VALUE INDEX | 0.90% | CLASS IB | $220.78 | 129 |
|  EQ/LARGE CAP VALUE INDEX | 0.95% | CLASS IB | $218.54 | 5 |
|  EQ/LARGE CAP VALUE INDEX | 1.00% | CLASS IB | $216.33 | 5 |
|  EQ/LARGE CAP VALUE INDEX | 1.10% | CLASS IB | $211.94 | 13 |
|  EQ/LARGE CAP VALUE INDEX | 1.20% | CLASS IB | $207.63 | 201 |
|  EQ/LARGE CAP VALUE INDEX | 1.25% | CLASS IB | $173.27 | 28 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/LARGE CAP VALUE INDEX | 1.30% | CLASS IB | $189.16 | 1 |
|  EQ/LARGE CAP VALUE INDEX | 1.34% | CLASS IB | $201.76 | 337 |
|  EQ/LARGE CAP VALUE INDEX | 1.35% | CLASS IB | $201.35 |  |
|  EQ/LARGE CAP VALUE INDEX | 1.45% | CLASS IB | $197.25 |  |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 0.00% | CLASS IB | $248.01 | 2 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 0.25% | CLASS IB | $454.06 | 1 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 0.40% | CLASS IB | $347.84 | 16 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 0.50% | CLASS IB | $426.15 | 1 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 0.70% | CLASS IB | $374.95 | 2 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 0.70% | CLASS IB | $379.87 | 5 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 0.80% | CLASS IB | $588.56 | 1 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 0.90% | CLASS IB | $355.56 | 16 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 0.90% | CLASS IB | $360.23 | 34 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 0.95% | CLASS IB | $372.11 | 34 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 1.00% | CLASS IB | $346.24 |  |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 1.10% | CLASS IB | $337.13 | 4 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 1.20% | CLASS IB | $328.23 | 88 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 1.20% | CLASS IB | $332.54 | 12 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 1.25% | CLASS IB | $212.91 | 7 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 1.30% | CLASS IB | $233.50 | 2 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 1.34% | CLASS IB | $320.35 | 2225 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 1.35% | CLASS IB | $319.49 | 2 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | 1.45% | CLASS IB | $332.74 | 2 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | 0.00% | CLASS IB | $227.83 | 1 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | 0.25% | CLASS IB | $203.63 | 5 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | 0.50% | CLASS IB | $195.95 | 40 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | 0.70% | CLASS IB | $189.98 | 12 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | 0.80% | CLASS IB | $187.07 | 40 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | 0.90% | CLASS IB | $184.21 | 108 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | 0.95% | CLASS IB | $182.79 | 6 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | 1.00% | CLASS IB | $181.38 | 3 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | 1.10% | CLASS IB | $178.59 | 26 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | 1.20% | CLASS IB | $175.83 | 502 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | 1.25% | CLASS IB | $174.48 | 16 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | 1.34% | CLASS IB | $172.06 | 575 |
|  EQ/LAZARD EMERGING MARKETS EQUITY | 1.45% | CLASS IB | $151.69 |  |
|  EQ/LOOMIS SAYLES GROWTH | 0.00% | CLASS IB | $463.05 | 1 |
|  EQ/LOOMIS SAYLES GROWTH | 0.25% | CLASS IB | $997.01 | 1 |
|  EQ/LOOMIS SAYLES GROWTH | 0.40% | CLASS IB | $633.73 | 5 |
|  EQ/LOOMIS SAYLES GROWTH | 0.50% | CLASS IB | $945.35 | 6 |
|  EQ/LOOMIS SAYLES GROWTH | 0.70% | CLASS IB | $905.78 | 1 |
|  EQ/LOOMIS SAYLES GROWTH | 0.80% | CLASS IB | $1054.01 | 3 |
|  EQ/LOOMIS SAYLES GROWTH | 0.90% | CLASS IB | $867.88 | 15 |
|  EQ/LOOMIS SAYLES GROWTH | 0.95% | CLASS IB | $858.65 | 2 |
|  EQ/LOOMIS SAYLES GROWTH | 1.00% | CLASS IB | $849.53 |  |
|  EQ/LOOMIS SAYLES GROWTH | 1.10% | CLASS IB | $831.49 | 3 |
|  EQ/LOOMIS SAYLES GROWTH | 1.20% | CLASS IB | $813.78 | 6 |
|  EQ/LOOMIS SAYLES GROWTH | 1.25% | CLASS IB | $638.71 | 44 |
|  EQ/LOOMIS SAYLES GROWTH | 1.30% | CLASS IB | $700.77 | 1 |
|  EQ/LOOMIS SAYLES GROWTH | 1.34% | CLASS IB | $789.69 | 92 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/LOOMIS SAYLES GROWTH | 1.35% | CLASS IB | $787.98 |  |
|  EQ/LOOMIS SAYLES GROWTH | 1.45% | CLASS IB | $771.20 |  |
|  EQ/MFS INTERNATIONAL GROWTH | 0.00% | CLASS IB | $246.99 | 2 |
|  EQ/MFS INTERNATIONAL GROWTH | 0.25% | CLASS IB | $438.29 | 4 |
|  EQ/MFS INTERNATIONAL GROWTH | 0.40% | CLASS IB | $278.56 | 11 |
|  EQ/MFS INTERNATIONAL GROWTH | 0.50% | CLASS IB | $416.15 | 28 |
|  EQ/MFS INTERNATIONAL GROWTH | 0.70% | CLASS IB | $399.18 | 5 |
|  EQ/MFS INTERNATIONAL GROWTH | 0.80% | CLASS IB | $472.06 | 32 |
|  EQ/MFS INTERNATIONAL GROWTH | 0.90% | CLASS IB | $382.90 | 66 |
|  EQ/MFS INTERNATIONAL GROWTH | 0.95% | CLASS IB | $378.93 | 4 |
|  EQ/MFS INTERNATIONAL GROWTH | 1.00% | CLASS IB | $375.01 | 2 |
|  EQ/MFS INTERNATIONAL GROWTH | 1.10% | CLASS IB | $367.25 | 18 |
|  EQ/MFS INTERNATIONAL GROWTH | 1.20% | CLASS IB | $359.63 | 305 |
|  EQ/MFS INTERNATIONAL GROWTH | 1.25% | CLASS IB | $220.65 | 17 |
|  EQ/MFS INTERNATIONAL GROWTH | 1.30% | CLASS IB | $261.94 |  |
|  EQ/MFS INTERNATIONAL GROWTH | 1.34% | CLASS IB | $349.12 | 14 |
|  EQ/MFS INTERNATIONAL GROWTH | 1.34% | CLASS IB | $349.26 | 328 |
|  EQ/MFS INTERNATIONAL GROWTH | 1.35% | CLASS IB | $348.52 |  |
|  EQ/MFS INTERNATIONAL GROWTH | 1.45% | CLASS IB | $341.29 |  |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 0.00% | CLASS IB | $255.46 | 32 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 0.25% | CLASS IB | $404.03 | 8 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 0.50% | CLASS IB | $388.44 | 51 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 0.70% | CLASS IB | $376.35 | 1 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 0.70% | CLASS IB | $394.24 | 14 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 0.80% | CLASS IB | $370.45 | 80 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 0.90% | CLASS IB | $364.64 | 30 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 0.90% | CLASS IB | $382.26 | 90 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 0.95% | CLASS IB | $379.32 | 4 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 1.00% | CLASS IB | $358.92 | 4 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 1.10% | CLASS IB | $353.27 | 20 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 1.20% | CLASS IB | $347.69 | 692 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 1.20% | CLASS IB | $364.89 | 9 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 1.25% | CLASS IB | $362.08 | 63 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 1.34% | CLASS IB | $357.06 | 637 |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | 1.45% | CLASS IB | $297.69 |  |
|  EQ/MFS MID CAP FOCUSED GROWTH | 0.00% | CLASS IB | $413.65 | 3 |
|  EQ/MFS MID CAP FOCUSED GROWTH | 0.25% | CLASS IB | $398.76 | 3 |
|  EQ/MFS MID CAP FOCUSED GROWTH | 0.40% | CLASS IB | $117.85 | 3 |
|  EQ/MFS MID CAP FOCUSED GROWTH | 0.50% | CLASS IB | $384.39 | 10 |
|  EQ/MFS MID CAP FOCUSED GROWTH | 0.70% | CLASS IB | $373.21 | 5 |
|  EQ/MFS MID CAP FOCUSED GROWTH | 0.80% | CLASS IB | $367.75 | 26 |
|  EQ/MFS MID CAP FOCUSED GROWTH | 0.90% | CLASS IB | $362.37 | 54 |
|  EQ/MFS MID CAP FOCUSED GROWTH | 0.95% | CLASS IB | $359.71 | 2 |
|  EQ/MFS MID CAP FOCUSED GROWTH | 1.00% | CLASS IB | $357.07 | 2 |
|  EQ/MFS MID CAP FOCUSED GROWTH | 1.10% | CLASS IB | $351.82 | 13 |
|  EQ/MFS MID CAP FOCUSED GROWTH | 1.20% | CLASS IB | $346.63 | 249 |
|  EQ/MFS MID CAP FOCUSED GROWTH | 1.25% | CLASS IB | $344.08 | 49 |
|  EQ/MFS MID CAP FOCUSED GROWTH | 1.34% | CLASS IB | $339.52 | 291 |
|  EQ/MFS MID CAP FOCUSED GROWTH | 1.45% | CLASS IB | $334.01 |  |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/MFS TECHNOLOGY | 0.00% | CLASS IB | $567.80 | 8 |
|  EQ/MFS TECHNOLOGY | 0.25% | CLASS IB | $1175.91 | 3 |
|  EQ/MFS TECHNOLOGY | 0.40% | CLASS IB | $156.65 | 15 |
|  EQ/MFS TECHNOLOGY | 0.50% | CLASS IB | $1131.58 | 20 |
|  EQ/MFS TECHNOLOGY | 0.70% | CLASS IB | $1097.17 | 3 |
|  EQ/MFS TECHNOLOGY | 0.80% | CLASS IB | $1080.37 | 19 |
|  EQ/MFS TECHNOLOGY | 0.90% | CLASS IB | $1063.82 | 27 |
|  EQ/MFS TECHNOLOGY | 0.95% | CLASS IB | $1055.64 | 2 |
|  EQ/MFS TECHNOLOGY | 1.00% | CLASS IB | $1047.53 | 2 |
|  EQ/MFS TECHNOLOGY | 1.10% | CLASS IB | $1031.42 | 16 |
|  EQ/MFS TECHNOLOGY | 1.20% | CLASS IB | $1015.51 | 191 |
|  EQ/MFS TECHNOLOGY | 1.25% | CLASS IB | $1007.69 | 16 |
|  EQ/MFS TECHNOLOGY | 1.34% | CLASS IB | $993.71 | 178 |
|  EQ/MFS TECHNOLOGY | 1.45% | CLASS IB | $762.29 |  |
|  EQ/MFS UTILITIES SERIES | 0.00% | CLASS IB | $220.87 | 1 |
|  EQ/MFS UTILITIES SERIES | 0.25% | CLASS IB | $357.99 | 1 |
|  EQ/MFS UTILITIES SERIES | 0.40% | CLASS IB | $274.00 | 15 |
|  EQ/MFS UTILITIES SERIES | 0.50% | CLASS IB | $344.49 | 3 |
|  EQ/MFS UTILITIES SERIES | 0.70% | CLASS IB | $334.01 | 1 |
|  EQ/MFS UTILITIES SERIES | 0.80% | CLASS IB | $328.89 | 8 |
|  EQ/MFS UTILITIES SERIES | 0.90% | CLASS IB | $323.85 | 40 |
|  EQ/MFS UTILITIES SERIES | 0.95% | CLASS IB | $321.36 | 1 |
|  EQ/MFS UTILITIES SERIES | 1.00% | CLASS IB | $318.89 | 1 |
|  EQ/MFS UTILITIES SERIES | 1.10% | CLASS IB | $313.98 | 6 |
|  EQ/MFS UTILITIES SERIES | 1.20% | CLASS IB | $309.14 | 85 |
|  EQ/MFS UTILITIES SERIES | 1.25% | CLASS IB | $306.76 | 22 |
|  EQ/MFS UTILITIES SERIES | 1.34% | CLASS IB | $302.50 | 124 |
|  EQ/MFS UTILITIES SERIES | 1.45% | CLASS IB | $242.77 |  |
|  EQ/MID CAP INDEX | 0.00% | CLASS IB | $252.35 | 10 |
|  EQ/MID CAP INDEX | 0.25% | CLASS IB | $525.40 | 6 |
|  EQ/MID CAP INDEX | 0.40% | CLASS IB | $362.95 | 46 |
|  EQ/MID CAP INDEX | 0.50% | CLASS IB | $493.11 | 13 |
|  EQ/MID CAP INDEX | 0.70% | CLASS IB | $457.78 | 12 |
|  EQ/MID CAP INDEX | 0.80% | CLASS IB | $735.66 | 19 |
|  EQ/MID CAP INDEX | 0.90% | CLASS IB | $435.01 | 177 |
|  EQ/MID CAP INDEX | 0.95% | CLASS IB | $429.49 | 14 |
|  EQ/MID CAP INDEX | 1.00% | CLASS IB | $424.05 | 7 |
|  EQ/MID CAP INDEX | 1.10% | CLASS IB | $413.32 | 40 |
|  EQ/MID CAP INDEX | 1.20% | CLASS IB | $402.83 | 532 |
|  EQ/MID CAP INDEX | 1.25% | CLASS IB | $274.41 | 168 |
|  EQ/MID CAP INDEX | 1.30% | CLASS IB | $319.35 | 1 |
|  EQ/MID CAP INDEX | 1.34% | CLASS IB | $388.63 | 1313 |
|  EQ/MID CAP INDEX | 1.35% | CLASS IB | $387.63 |  |
|  EQ/MID CAP INDEX | 1.45% | CLASS IB | $377.79 |  |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 0.00% | CLASS IB | $213.80 | 1 |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 0.25% | CLASS IB | $591.55 |  |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 0.50% | CLASS IB | $555.20 | 1 |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 0.70% | CLASS IB | $428.10 | 3 |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 0.80% | CLASS IB | $612.60 | 1 |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 0.90% | CLASS IB | $405.05 | 15 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 0.90% | CLASS IB | $501.26 | 7 |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 0.95% | CLASS IB | $504.96 | 15 |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 1.00% | CLASS IB | $393.99 |  |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 1.10% | CLASS IB | $383.19 | 4 |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 1.20% | CLASS IB | $371.51 | 49 |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 1.20% | CLASS IB | $372.66 | 5 |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 1.25% | CLASS IB | $236.41 | 8 |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 1.30% | CLASS IB | $269.56 | 1 |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 1.34% | CLASS IB | $452.24 | 832 |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 1.35% | CLASS IB | $357.43 |  |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | 1.45% | CLASS IB | $346.55 |  |
|  EQ/MODERATE ALLOCATION | 0.70% | CLASS IA | $329.82 | 14 |
|  EQ/MODERATE ALLOCATION+ | 0.70% | CLASS IA | $331.17 |  |
|  EQ/MODERATE ALLOCATION+ | 0.90% | CLASS IA | $247.16 | 5 |
|  EQ/MODERATE ALLOCATION | 0.90% | CLASS IA | $381.76 | 241 |
|  EQ/MODERATE ALLOCATION+ | 0.90% | CLASS IA | $392.71 | 9 |
|  EQ/MODERATE ALLOCATION | 1.20% | CLASS IA | $322.67 | 14 |
|  EQ/MODERATE ALLOCATION+ | 1.34% | CLASS IA | $123.62 | 4742 |
|  EQ/MODERATE ALLOCATION | 1.34% | CLASS IA | $370.60 | 165 |
|  EQ/MODERATE ALLOCATION | 1.35% | CLASS IA | $370.60 | 103 |
|  EQ/MODERATE ALLOCATION | 1.35% | CLASS IA | $372.95 | 2 |
|  EQ/MODERATE ALLOCATION | 1.45% | CLASS IA | $234.21 | 1 |
|  EQ/MODERATE ALLOCATION | 0.00% | CLASS IB | $174.45 | 10 |
|  EQ/MODERATE ALLOCATION | 0.25% | CLASS IB | $259.26 | 7 |
|  EQ/MODERATE ALLOCATION | 0.40% | CLASS IB | $196.97 | 17 |
|  EQ/MODERATE ALLOCATION | 0.50% | CLASS IB | $243.36 | 84 |
|  EQ/MODERATE ALLOCATION | 0.70% | CLASS IB | $253.50 | 2 |
|  EQ/MODERATE ALLOCATION | 0.80% | CLASS IB | $266.50 | 30 |
|  EQ/MODERATE ALLOCATION | 0.90% | CLASS IB | $267.52 | 62 |
|  EQ/MODERATE ALLOCATION | 0.95% | CLASS IB | $237.22 | 29 |
|  EQ/MODERATE ALLOCATION | 1.00% | CLASS IB | $260.03 | 5 |
|  EQ/MODERATE ALLOCATION | 1.10% | CLASS IB | $227.94 | 100 |
|  EQ/MODERATE ALLOCATION | 1.20% | CLASS IB | $242.86 | 795 |
|  EQ/MODERATE ALLOCATION | 1.25% | CLASS IB | $165.62 | 91 |
|  EQ/MODERATE ALLOCATION | 1.30% | CLASS IB | $178.73 | 31 |
|  EQ/MODERATE GROWTH STRATEGY | 0.00% | CLASS IB | $198.01 | 5 |
|  EQ/MODERATE GROWTH STRATEGY | 0.25% | CLASS IB | $244.50 | 11 |
|  EQ/MODERATE GROWTH STRATEGY | 0.50% | CLASS IB | $236.28 | 80 |
|  EQ/MODERATE GROWTH STRATEGY | 0.70% | CLASS IB | $229.87 | 2 |
|  EQ/MODERATE GROWTH STRATEGY | 0.80% | CLASS IB | $226.74 | 8 |
|  EQ/MODERATE GROWTH STRATEGY | 0.90% | CLASS IB | $223.64 | 36 |
|  EQ/MODERATE GROWTH STRATEGY | 0.95% | CLASS IB | $222.11 | 1 |
|  EQ/MODERATE GROWTH STRATEGY | 1.00% | CLASS IB | $220.59 | 4 |
|  EQ/MODERATE GROWTH STRATEGY | 1.10% | CLASS IB | $217.57 | 20 |
|  EQ/MODERATE GROWTH STRATEGY | 1.20% | CLASS IB | $214.58 | 165 |
|  EQ/MODERATE GROWTH STRATEGY | 1.25% | CLASS IB | $213.11 | 24 |
|  EQ/MODERATE GROWTH STRATEGY | 1.34% | CLASS IB | $210.47 | 92 |
|  EQ/MODERATE-PLUS ALLOCATION | 0.00% | CLASS IB | $208.34 | 15 |
|  EQ/MODERATE-PLUS ALLOCATION | 0.25% | CLASS IB | $375.63 | 15 |
|  EQ/MODERATE-PLUS ALLOCATION | 0.50% | CLASS IB | $355.25 | 30 |
|  EQ/MODERATE-PLUS ALLOCATION | 0.70% | CLASS IB | $339.67 | 16 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/MODERATE-PLUS ALLOCATION | 0.80% | CLASS IB | $369.12 | 35 |
|  EQ/MODERATE-PLUS ALLOCATION | 0.90% | CLASS IB | $324.79 | 402 |
|  EQ/MODERATE-PLUS ALLOCATION | 0.95% | CLASS IB | $321.17 | 48 |
|  EQ/MODERATE-PLUS ALLOCATION | 1.00% | CLASS IB | $317.59 | 5 |
|  EQ/MODERATE-PLUS ALLOCATION | 1.10% | CLASS IB | $310.52 | 86 |
|  EQ/MODERATE-PLUS ALLOCATION | 1.20% | CLASS IB | $303.59 | 642 |
|  EQ/MODERATE-PLUS ALLOCATION | 1.25% | CLASS IB | $199.17 | 37 |
|  EQ/MODERATE-PLUS ALLOCATION | 1.30% | CLASS IB | $217.85 | 29 |
|  EQ/MODERATE-PLUS ALLOCATION | 1.34% | CLASS IB | $294.18 | 1873 |
|  EQ/MODERATE-PLUS ALLOCATION | 1.35% | CLASS IB | $293.51 | 1 |
|  EQ/MODERATE-PLUS ALLOCATION | 1.45% | CLASS IB | $286.96 |  |
|  EQ/MONEY MARKET++ | 0.00% | CLASS IA | $1.19 | 719 |
|  EQ/MONEY MARKET++ | 0.70% | CLASS IA | $1.19 | 1 |
|  EQ/MONEY MARKET | 0.70% | CLASS IA | $143.99 | 3 |
|  EQ/MONEY MARKET+ | 0.74% | CLASS IA | $55.68 | 12 |
|  EQ/MONEY MARKET++ | 0.90% | CLASS IA | $1.19 | 341 |
|  EQ/MONEY MARKET | 0.90% | CLASS IA | $145.98 | 34 |
|  EQ/MONEY MARKET++ | 1.20% | CLASS IA | $1.19 | 6 |
|  EQ/MONEY MARKET | 1.20% | CLASS IA | $129.70 |  |
|  EQ/MONEY MARKET++ | 1.34% | CLASS IA | $1.19 | 76 |
|  EQ/MONEY MARKET | 1.35% | CLASS IA | $137.54 | 63 |
|  EQ/MONEY MARKET | 1.35% | CLASS IA | $138.19 | 2 |
|  EQ/MONEY MARKET+ | 1.40% | CLASS IA | $37.99 | 1103 |
|  EQ/MONEY MARKET | 1.45% | CLASS IA | $113.22 |  |
|  EQ/MONEY MARKET++ | 0.00% | CLASS IB | $1.19 | 2034 |
|  EQ/MONEY MARKET | 0.00% | CLASS IB | $118.72 | 3 |
|  EQ/MONEY MARKET++ | 0.25% | CLASS IB | $1.19 | 23 |
|  EQ/MONEY MARKET | 0.25% | CLASS IB | $137.80 | 3 |
|  EQ/MONEY MARKET++ | 0.40% | CLASS IB | $1.19 | 12 |
|  EQ/MONEY MARKET | 0.40% | CLASS IB | $112.53 | 46 |
|  EQ/MONEY MARKET++ | 0.50% | CLASS IB | $1.19 | 14 |
|  EQ/MONEY MARKET | 0.50% | CLASS IB | $129.35 | 17 |
|  EQ/MONEY MARKET++ | 0.70% | CLASS IB | $1.19 |  |
|  EQ/MONEY MARKET | 0.70% | CLASS IB | $129.73 | 1 |
|  EQ/MONEY MARKET++ | 0.80% | CLASS IB | $1.19 | 210 |
|  EQ/MONEY MARKET | 0.80% | CLASS IB | $103.77 | 8 |
|  EQ/MONEY MARKET++ | 0.90% | CLASS IB | $1.19 | 138 |
|  EQ/MONEY MARKET | 0.90% | CLASS IB | $115.99 | 1 |
|  EQ/MONEY MARKET | 0.90% | CLASS IB | $128.22 | 4 |
|  EQ/MONEY MARKET | 0.95% | CLASS IB | $121.40 | 40 |
|  EQ/MONEY MARKET++ | 1.00% | CLASS IB | $1.19 | 4 |
|  EQ/MONEY MARKET | 1.00% | CLASS IB | $109.48 | 3 |
|  EQ/MONEY MARKET++ | 1.10% | CLASS IB | $1.19 | 276 |
|  EQ/MONEY MARKET | 1.10% | CLASS IB | $116.65 | 12 |
|  EQ/MONEY MARKET++ | 1.20% | CLASS IB | $1.19 | 2121 |
|  EQ/MONEY MARKET | 1.20% | CLASS IB | $117.85 | 83 |
|  EQ/MONEY MARKET | 1.25% | CLASS IB | $98.17 | 102 |
|  EQ/MONEY MARKET | 1.30% | CLASS IB | $99.84 | 2 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 0.00% | CLASS IB | $179.34 | 8 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 0.25% | CLASS IB | $176.84 | 1 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 0.40% | CLASS IB | $84.56 | 10 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 0.50% | CLASS IB | $174.37 | 12 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 0.70% | CLASS IB | $172.41 | 1 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 0.80% | CLASS IB | $171.43 | 18 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 0.90% | CLASS IB | $23.00 | 9 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 0.90% | CLASS IB | $170.47 | 33 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 0.95% | CLASS IB | $169.99 | 9 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 1.00% | CLASS IB | $169.51 | 2 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 1.10% | CLASS IB | $168.55 | 9 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 1.20% | CLASS IB | $167.59 | 11 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 1.25% | CLASS IB | $167.12 | 46 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 1.30% | CLASS IB | $166.64 |  |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 1.34% | CLASS IB | $22.42 |  |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 1.34% | CLASS IB | $166.26 | 367 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 1.35% | CLASS IB | $22.41 | 1 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | 1.45% | CLASS IB | $165.23 |  |
|  EQ/PIMCO GLOBAL REAL RETURN | 0.00% | CLASS IB | $125.38 |  |
|  EQ/PIMCO GLOBAL REAL RETURN | 0.25% | CLASS IB | $119.27 | 1 |
|  EQ/PIMCO GLOBAL REAL RETURN | 0.40% | CLASS IB | $92.57 | 1 |
|  EQ/PIMCO GLOBAL REAL RETURN | 0.50% | CLASS IB | $115.55 | 25 |
|  EQ/PIMCO GLOBAL REAL RETURN | 0.70% | CLASS IB | $112.64 | 6 |
|  EQ/PIMCO GLOBAL REAL RETURN | 0.80% | CLASS IB | $111.21 | 42 |
|  EQ/PIMCO GLOBAL REAL RETURN | 0.90% | CLASS IB | $109.81 | 40 |
|  EQ/PIMCO GLOBAL REAL RETURN | 0.95% | CLASS IB | $109.11 | 3 |
|  EQ/PIMCO GLOBAL REAL RETURN | 1.00% | CLASS IB | $108.42 |  |
|  EQ/PIMCO GLOBAL REAL RETURN | 1.10% | CLASS IB | $107.04 | 11 |
|  EQ/PIMCO GLOBAL REAL RETURN | 1.20% | CLASS IB | $105.67 | 124 |
|  EQ/PIMCO GLOBAL REAL RETURN | 1.25% | CLASS IB | $105.00 | 16 |
|  EQ/PIMCO GLOBAL REAL RETURN | 1.34% | CLASS IB | $103.80 | 81 |
|  EQ/PIMCO GLOBAL REAL RETURN | 1.45% | CLASS IB | $102.34 |  |
|  EQ/PIMCO ULTRA SHORT BOND | 0.00% | CLASS IB | $125.91 |  |
|  EQ/PIMCO ULTRA SHORT BOND | 0.25% | CLASS IB | $141.39 |  |
|  EQ/PIMCO ULTRA SHORT BOND | 0.40% | CLASS IB | $113.63 | 1 |
|  EQ/PIMCO ULTRA SHORT BOND | 0.50% | CLASS IB | $134.25 | 10 |
|  EQ/PIMCO ULTRA SHORT BOND | 0.70% | CLASS IB | $128.77 | 5 |
|  EQ/PIMCO ULTRA SHORT BOND | 0.80% | CLASS IB | $120.10 | 4 |
|  EQ/PIMCO ULTRA SHORT BOND | 0.90% | CLASS IB | $123.52 | 32 |
|  EQ/PIMCO ULTRA SHORT BOND | 0.95% | CLASS IB | $122.24 | 17 |
|  EQ/PIMCO ULTRA SHORT BOND | 1.00% | CLASS IB | $120.98 | 1 |
|  EQ/PIMCO ULTRA SHORT BOND | 1.10% | CLASS IB | $118.48 | 10 |
|  EQ/PIMCO ULTRA SHORT BOND | 1.20% | CLASS IB | $116.02 | 107 |
|  EQ/PIMCO ULTRA SHORT BOND | 1.25% | CLASS IB | $116.30 | 21 |
|  EQ/PIMCO ULTRA SHORT BOND | 1.30% | CLASS IB | $115.02 | 1 |
|  EQ/PIMCO ULTRA SHORT BOND | 1.34% | CLASS IB | $112.67 | 281 |
|  EQ/PIMCO ULTRA SHORT BOND | 1.35% | CLASS IB | $112.43 |  |
|  EQ/PIMCO ULTRA SHORT BOND | 1.45% | CLASS IB | $110.10 |  |
|  EQ/QUALITY BOND PLUS | 0.70% | CLASS IA | $177.25 | 1 |
|  EQ/QUALITY BOND PLUS | 0.90% | CLASS IA | $190.15 | 8 |
|  EQ/QUALITY BOND PLUS | 1.20% | CLASS IA | $161.91 | 1 |
|  EQ/QUALITY BOND PLUS | 1.34% | CLASS IA | $176.24 | 206 |
|  EQ/QUALITY BOND PLUS | 1.35% | CLASS IA | $185.42 |  |
|  EQ/QUALITY BOND PLUS | 1.45% | CLASS IA | $136.23 |  |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/QUALITY BOND PLUS | 0.00% | CLASS IB | $112.91 |  |
|  EQ/QUALITY BOND PLUS | 0.25% | CLASS IB | $170.76 |  |
|  EQ/QUALITY BOND PLUS | 0.50% | CLASS IB | $160.29 | 3 |
|  EQ/QUALITY BOND PLUS | 0.70% | CLASS IB | $160.03 | 1 |
|  EQ/QUALITY BOND PLUS | 0.80% | CLASS IB | $118.77 | 3 |
|  EQ/QUALITY BOND PLUS | 0.90% | CLASS IB | $153.35 | 2 |
|  EQ/QUALITY BOND PLUS | 0.95% | CLASS IB | $149.75 | 13 |
|  EQ/QUALITY BOND PLUS | 1.00% | CLASS IB | $120.19 | 1 |
|  EQ/QUALITY BOND PLUS | 1.10% | CLASS IB | $143.89 | 3 |
|  EQ/QUALITY BOND PLUS | 1.20% | CLASS IB | $141.35 | 44 |
|  EQ/QUALITY BOND PLUS | 1.25% | CLASS IB | $103.71 | 8 |
|  EQ/QUALITY BOND PLUS | 1.30% | CLASS IB | $103.31 |  |
|  EQ/SMALL COMPANY INDEX | 0.00% | CLASS IB | $241.30 | 2 |
|  EQ/SMALL COMPANY INDEX | 0.25% | CLASS IB | $632.64 | 1 |
|  EQ/SMALL COMPANY INDEX | 0.40% | CLASS IB | $337.04 | 45 |
|  EQ/SMALL COMPANY INDEX | 0.50% | CLASS IB | $595.58 | 7 |
|  EQ/SMALL COMPANY INDEX | 0.70% | CLASS IB | $567.38 | 5 |
|  EQ/SMALL COMPANY INDEX | 0.80% | CLASS IB | $670.16 | 7 |
|  EQ/SMALL COMPANY INDEX | 0.90% | CLASS IB | $540.52 | 65 |
|  EQ/SMALL COMPANY INDEX | 0.95% | CLASS IB | $534.00 | 4 |
|  EQ/SMALL COMPANY INDEX | 1.00% | CLASS IB | $527.57 | 3 |
|  EQ/SMALL COMPANY INDEX | 1.10% | CLASS IB | $514.87 | 19 |
|  EQ/SMALL COMPANY INDEX | 1.20% | CLASS IB | $502.45 | 237 |
|  EQ/SMALL COMPANY INDEX | 1.25% | CLASS IB | $283.15 | 73 |
|  EQ/SMALL COMPANY INDEX | 1.30% | CLASS IB | $310.26 | 1 |
|  EQ/SMALL COMPANY INDEX | 1.34% | CLASS IB | $485.61 | 509 |
|  EQ/SMALL COMPANY INDEX | 1.35% | CLASS IB | $484.41 |  |
|  EQ/SMALL COMPANY INDEX | 1.45% | CLASS IB | $472.72 |  |
|  EQ/VALUE EQUITY | 0.00% | CLASS IB | $218.76 | 1 |
|  EQ/VALUE EQUITY | 0.25% | CLASS IB | $503.25 | 2 |
|  EQ/VALUE EQUITY | 0.50% | CLASS IB | $472.33 | 13 |
|  EQ/VALUE EQUITY | 0.70% | CLASS IB | $571.04 | 7 |
|  EQ/VALUE EQUITY | 0.80% | CLASS IB | $527.77 | 10 |
|  EQ/VALUE EQUITY | 0.90% | CLASS IB | $527.86 | 12 |
|  EQ/VALUE EQUITY | 0.90% | CLASS IB | $540.29 | 56 |
|  EQ/VALUE EQUITY | 0.95% | CLASS IB | $445.19 | 14 |
|  EQ/VALUE EQUITY | 1.00% | CLASS IB | $525.55 | 2 |
|  EQ/VALUE EQUITY | 1.10% | CLASS IB | $511.14 | 12 |
|  EQ/VALUE EQUITY | 1.20% | CLASS IB | $493.33 | 314 |
|  EQ/VALUE EQUITY | 1.20% | CLASS IB | $497.09 | 15 |
|  EQ/VALUE EQUITY | 1.25% | CLASS IB | $238.86 | 71 |
|  EQ/VALUE EQUITY | 1.30% | CLASS IB | $269.36 | 2 |
|  EQ/VALUE EQUITY | 1.34% | CLASS IB | $619.15 | 618 |
|  EQ/VALUE EQUITY | 1.35% | CLASS IB | $476.77 |  |
|  EQ/VALUE EQUITY | 1.45% | CLASS IB | $460.19 |  |
|  EQ/WELLINGTON ENERGY | 0.00% | CLASS IB | $93.72 | 1 |
|  EQ/WELLINGTON ENERGY | 0.25% | CLASS IB | $100.68 | 1 |
|  EQ/WELLINGTON ENERGY | 0.40% | CLASS IB | $94.50 | 15 |
|  EQ/WELLINGTON ENERGY | 0.50% | CLASS IB | $96.79 | 18 |
|  EQ/WELLINGTON ENERGY | 0.70% | CLASS IB | $93.78 |  |
|  EQ/WELLINGTON ENERGY | 0.70% | CLASS IB | $106.04 | 1 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  EQ/WELLINGTON ENERGY | 0.80% | CLASS IB | $92.31 | 9 |
|  EQ/WELLINGTON ENERGY | 0.90% | CLASS IB | $90.86 | 8 |
|  EQ/WELLINGTON ENERGY | 0.90% | CLASS IB | $102.81 | 32 |
|  EQ/WELLINGTON ENERGY | 0.95% | CLASS IB | $102.02 | 2 |
|  EQ/WELLINGTON ENERGY | 1.00% | CLASS IB | $89.43 | 2 |
|  EQ/WELLINGTON ENERGY | 1.10% | CLASS IB | $88.02 | 16 |
|  EQ/WELLINGTON ENERGY | 1.20% | CLASS IB | $86.63 | 216 |
|  EQ/WELLINGTON ENERGY | 1.20% | CLASS IB | $98.14 | 3 |
|  EQ/WELLINGTON ENERGY | 1.25% | CLASS IB | $97.38 | 21 |
|  EQ/WELLINGTON ENERGY | 1.34% | CLASS IB | $96.03 | 224 |
|  EQ/WELLINGTON ENERGY | 1.45% | CLASS IB | $71.21 |  |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | 0.25% | CLASS IB | $194.60 |  |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | 0.50% | CLASS IB | $188.52 | 1 |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | 0.70% | CLASS IB | $183.78 |  |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | 0.80% | CLASS IB | $181.45 | 6 |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | 0.90% | CLASS IB | $179.16 | 4 |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | 0.95% | CLASS IB | $178.02 | 2 |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | 1.00% | CLASS IB | $176.89 |  |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | 1.10% | CLASS IB | $174.64 | 2 |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | 1.20% | CLASS IB | $172.41 | 20 |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | 1.25% | CLASS IB | $171.32 | 3 |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | 1.34% | CLASS IB | $169.35 | 25 |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | 1.45% | CLASS IB | $166.98 |  |
|  EQUITABLE GROWTH MF/ETF | 0.00% | CLASS IB | $154.14 |  |
|  EQUITABLE GROWTH MF/ETF | 0.50% | CLASS IB | $151.70 | 1 |
|  EQUITABLE GROWTH MF/ETF | 0.70% | CLASS IB | $150.73 |  |
|  EQUITABLE GROWTH MF/ETF | 0.80% | CLASS IB | $150.25 |  |
|  EQUITABLE GROWTH MF/ETF | 0.90% | CLASS IB | $149.77 | 1 |
|  EQUITABLE GROWTH MF/ETF | 0.95% | CLASS IB | $149.53 |  |
|  EQUITABLE GROWTH MF/ETF | 1.00% | CLASS IB | $149.29 |  |
|  EQUITABLE GROWTH MF/ETF | 1.10% | CLASS IB | $148.82 |  |
|  EQUITABLE GROWTH MF/ETF | 1.20% | CLASS IB | $148.34 | 12 |
|  EQUITABLE GROWTH MF/ETF | 1.25% | CLASS IB | $148.10 |  |
|  EQUITABLE GROWTH MF/ETF | 1.34% | CLASS IB | $147.67 | 17 |
|  EQUITABLE MODERATE GROWTH MF/ETF | 0.00% | CLASS IB | $145.85 |  |
|  EQUITABLE MODERATE GROWTH MF/ETF | 0.50% | CLASS IB | $143.55 |  |
|  EQUITABLE MODERATE GROWTH MF/ETF | 0.80% | CLASS IB | $142.18 |  |
|  EQUITABLE MODERATE GROWTH MF/ETF | 0.90% | CLASS IB | $141.72 | 4 |
|  EQUITABLE MODERATE GROWTH MF/ETF | 0.95% | CLASS IB | $141.50 |  |
|  EQUITABLE MODERATE GROWTH MF/ETF | 1.10% | CLASS IB | $140.82 | 1 |
|  EQUITABLE MODERATE GROWTH MF/ETF | 1.20% | CLASS IB | $140.36 | 12 |
|  EQUITABLE MODERATE GROWTH MF/ETF | 1.25% | CLASS IB | $140.14 | 1 |
|  EQUITABLE MODERATE GROWTH MF/ETF | 1.34% | CLASS IB | $139.73 | 2 |
|  FIDELITY<sup>®</sup> VIP EQUITY-INCOME PORTFOLIO | 0.00% | SERVICE CLASS 2 | $288.78 | 1 |
|  FIDELITY<sup>®</sup> VIP EQUITY-INCOME PORTFOLIO | 0.25% | SERVICE CLASS 2 | $455.01 | 1 |
|  FIDELITY<sup>®</sup> VIP EQUITY-INCOME PORTFOLIO | 0.50% | SERVICE CLASS 2 | $437.46 | 11 |
|  FIDELITY<sup>®</sup> VIP EQUITY-INCOME PORTFOLIO | 0.70% | SERVICE CLASS 2 | $423.84 |  |
|  FIDELITY<sup>®</sup> VIP EQUITY-INCOME PORTFOLIO | 0.80% | SERVICE CLASS 2 | $417.20 | 4 |
|  FIDELITY<sup>®</sup> VIP EQUITY-INCOME PORTFOLIO | 0.90% | SERVICE CLASS 2 | $410.66 | 2 |
|  FIDELITY<sup>®</sup> VIP EQUITY-INCOME PORTFOLIO | 1.00% | SERVICE CLASS 2 | $404.22 |  |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  FIDELITY<sup>®</sup> VIP EQUITY-INCOME PORTFOLIO | 1.10% | SERVICE CLASS 2 | $397.85 | 2 |
|  FIDELITY<sup>®</sup> VIP EQUITY-INCOME PORTFOLIO | 1.20% | SERVICE CLASS 2 | $391.57 | 62 |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | 0.00% | SERVICE CLASS 2 | $117.84 |  |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | 0.25% | SERVICE CLASS 2 | $116.91 | 1 |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | 0.50% | SERVICE CLASS 2 | $115.98 | 18 |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | 0.70% | SERVICE CLASS 2 | $115.24 | 2 |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | 0.80% | SERVICE CLASS 2 | $114.87 | 7 |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | 0.90% | SERVICE CLASS 2 | $114.50 | 39 |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | 0.95% | SERVICE CLASS 2 | $114.32 | 1 |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | 1.00% | SERVICE CLASS 2 | $114.14 |  |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | 1.10% | SERVICE CLASS 2 | $113.77 | 6 |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | 1.20% | SERVICE CLASS 2 | $113.40 | 603 |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | 1.25% | SERVICE CLASS 2 | $113.22 | 8 |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | 1.34% | SERVICE CLASS 2 | $112.89 | 146 |
|  FIDELITY<sup>®</sup> VIP MID CAP PORTFOLIO | 0.00% | SERVICE CLASS 2 | $261.26 | 2 |
|  FIDELITY<sup>®</sup> VIP MID CAP PORTFOLIO | 0.25% | SERVICE CLASS 2 | $420.72 | 5 |
|  FIDELITY<sup>®</sup> VIP MID CAP PORTFOLIO | 0.50% | SERVICE CLASS 2 | $404.49 | 5 |
|  FIDELITY<sup>®</sup> VIP MID CAP PORTFOLIO | 0.70% | SERVICE CLASS 2 | $391.89 |  |
|  FIDELITY<sup>®</sup> VIP MID CAP PORTFOLIO | 0.80% | SERVICE CLASS 2 | $385.75 | 10 |
|  FIDELITY<sup>®</sup> VIP MID CAP PORTFOLIO | 0.90% | SERVICE CLASS 2 | $379.70 | 5 |
|  FIDELITY<sup>®</sup> VIP MID CAP PORTFOLIO | 1.00% | SERVICE CLASS 2 | $373.75 | 1 |
|  FIDELITY<sup>®</sup> VIP MID CAP PORTFOLIO | 1.10% | SERVICE CLASS 2 | $367.86 | 12 |
|  FIDELITY<sup>®</sup> VIP MID CAP PORTFOLIO | 1.20% | SERVICE CLASS 2 | $362.05 | 160 |
|  INVESCO V.I. DIVERSIFIED DIVIDEND FUND | 0.00% | SERIES II | $232.85 | 48 |
|  INVESCO V.I. DIVERSIFIED DIVIDEND FUND | 0.25% | SERIES II | $370.09 | 6 |
|  INVESCO V.I. DIVERSIFIED DIVIDEND FUND | 0.50% | SERIES II | $355.81 | 18 |
|  INVESCO V.I. DIVERSIFIED DIVIDEND FUND | 0.70% | SERIES II | $344.74 |  |
|  INVESCO V.I. DIVERSIFIED DIVIDEND FUND | 0.80% | SERIES II | $339.33 | 6 |
|  INVESCO V.I. DIVERSIFIED DIVIDEND FUND | 0.90% | SERIES II | $334.01 | 11 |
|  INVESCO V.I. DIVERSIFIED DIVIDEND FUND | 1.00% | SERIES II | $328.77 |  |
|  INVESCO V.I. DIVERSIFIED DIVIDEND FUND | 1.10% | SERIES II | $323.59 | 2 |
|  INVESCO V.I. DIVERSIFIED DIVIDEND FUND | 1.20% | SERIES II | $318.48 | 115 |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | 0.00% | SERVICE CLASS | $371.84 |  |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | 0.25% | SERVICE CLASS | $717.26 | 1 |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | 0.50% | SERVICE CLASS | $690.22 | 5 |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | 0.70% | SERVICE CLASS | $669.23 |  |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | 0.80% | SERVICE CLASS | $658.98 | 3 |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | 0.90% | SERVICE CLASS | $648.89 | 16 |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | 0.95% | SERVICE CLASS | $643.89 |  |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | 1.00% | SERVICE CLASS | $638.95 |  |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | 1.10% | SERVICE CLASS | $629.12 | 1 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | 1.20% | SERVICE CLASS | $619.41 | 28 |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | 1.25% | SERVICE CLASS | $614.64 | 4 |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | 1.34% | SERVICE CLASS | $606.11 | 23 |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | 1.45% | SERVICE CLASS | $467.88 |  |
|  MULTIMANAGER AGGRESSIVE EQUITY | 0.70% | CLASS IA | $535.15 | 4 |
|  MULTIMANAGER AGGRESSIVE EQUITY+ | 0.90% | CLASS IA | $399.64 | 5 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 0.90% | CLASS IA | $639.30 | 23 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 0.90% | CLASS IA | $639.39 | 1 |
|  MULTIMANAGER AGGRESSIVE EQUITY+ | 0.90% | CLASS IA | $649.32 | 4 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 1.20% | CLASS IA | $534.43 | 3 |
|  MULTIMANAGER AGGRESSIVE EQUITY+ | 1.34% | CLASS IA | $484.39 | 1267 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 1.35% | CLASS IA | $769.89 | 147 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 1.35% | CLASS IA | $810.57 | 1 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 1.45% | CLASS IA | $418.36 | 2 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 0.00% | CLASS IB | $439.94 |  |
|  MULTIMANAGER AGGRESSIVE EQUITY | 0.25% | CLASS IB | $536.99 |  |
|  MULTIMANAGER AGGRESSIVE EQUITY | 0.40% | CLASS IB | $151.67 | 1 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 0.50% | CLASS IB | $504.05 | 2 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 0.70% | CLASS IB | $525.66 | 1 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 0.80% | CLASS IB | $1147.79 | 1 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 0.90% | CLASS IB | $472.55 | 8 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 0.95% | CLASS IB | $491.91 | 11 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 1.00% | CLASS IB | $919.60 |  |
|  MULTIMANAGER AGGRESSIVE EQUITY | 1.10% | CLASS IB | $472.66 | 2 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 1.20% | CLASS IB | $433.43 | 56 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 1.25% | CLASS IB | $494.88 | 14 |
|  MULTIMANAGER AGGRESSIVE EQUITY | 1.30% | CLASS IB | $570.10 | 1 |
|  MULTIMANAGER CORE BOND | 0.00% | CLASS IB | $117.73 |  |
|  MULTIMANAGER CORE BOND | 0.25% | CLASS IB | $194.95 |  |
|  MULTIMANAGER CORE BOND | 0.40% | CLASS IB | $116.02 | 6 |
|  MULTIMANAGER CORE BOND | 0.50% | CLASS IB | $183.56 | 9 |
|  MULTIMANAGER CORE BOND | 0.70% | CLASS IB | $174.90 | 2 |
|  MULTIMANAGER CORE BOND | 0.80% | CLASS IB | $135.94 | 12 |
|  MULTIMANAGER CORE BOND | 0.90% | CLASS IB | $166.64 | 23 |
|  MULTIMANAGER CORE BOND | 0.95% | CLASS IB | $164.64 | 17 |
|  MULTIMANAGER CORE BOND | 1.00% | CLASS IB | $162.66 | 1 |
|  MULTIMANAGER CORE BOND | 1.10% | CLASS IB | $158.76 | 13 |
|  MULTIMANAGER CORE BOND | 1.20% | CLASS IB | $154.94 | 115 |
|  MULTIMANAGER CORE BOND | 1.25% | CLASS IB | $134.15 | 15 |
|  MULTIMANAGER CORE BOND | 1.30% | CLASS IB | $132.14 | 1 |
|  MULTIMANAGER CORE BOND | 1.34% | CLASS IB | $149.77 | 181 |
|  MULTIMANAGER CORE BOND | 1.45% | CLASS IB | $145.80 |  |
|  MULTIMANAGER TECHNOLOGY | 0.00% | CLASS IB | $616.41 | 1 |
|  MULTIMANAGER TECHNOLOGY | 0.25% | CLASS IB | $1297.33 |  |
|  MULTIMANAGER TECHNOLOGY | 0.50% | CLASS IB | $1221.57 | 3 |
|  MULTIMANAGER TECHNOLOGY | 0.70% | CLASS IB | $1163.91 | 1 |
|  MULTIMANAGER TECHNOLOGY | 0.80% | CLASS IB | $1762.41 | 4 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  MULTIMANAGER TECHNOLOGY | 0.90% | CLASS IB | $1108.98 | 16 |
|  MULTIMANAGER TECHNOLOGY | 0.95% | CLASS IB | $1095.65 | 7 |
|  MULTIMANAGER TECHNOLOGY | 1.00% | CLASS IB | $1082.50 | 2 |
|  MULTIMANAGER TECHNOLOGY | 1.10% | CLASS IB | $1056.54 | 13 |
|  MULTIMANAGER TECHNOLOGY | 1.20% | CLASS IB | $1031.13 | 89 |
|  MULTIMANAGER TECHNOLOGY | 1.25% | CLASS IB | $850.45 | 16 |
|  MULTIMANAGER TECHNOLOGY | 1.30% | CLASS IB | $994.10 | 1 |
|  MULTIMANAGER TECHNOLOGY | 1.34% | CLASS IB | $996.67 | 274 |
|  MULTIMANAGER TECHNOLOGY+ | 1.34% | CLASS IB | $1546.66 | 3 |
|  MULTIMANAGER TECHNOLOGY | 1.35% | CLASS IB | $994.23 | 1 |
|  MULTIMANAGER TECHNOLOGY | 1.45% | CLASS IB | $970.32 |  |
|  NOMURA VIP HIGH INCOME SERIES | 0.00% | SERVICE CLASS | $162.60 | 1 |
|  NOMURA VIP HIGH INCOME SERIES | 0.25% | SERVICE CLASS | $231.88 | 1 |
|  NOMURA VIP HIGH INCOME SERIES | 0.40% | SERVICE CLASS | $112.67 | 2 |
|  NOMURA VIP HIGH INCOME SERIES | 0.50% | SERVICE CLASS | $223.14 | 43 |
|  NOMURA VIP HIGH INCOME SERIES | 0.70% | SERVICE CLASS | $216.36 | 7 |
|  NOMURA VIP HIGH INCOME SERIES | 0.80% | SERVICE CLASS | $213.04 | 64 |
|  NOMURA VIP HIGH INCOME SERIES | 0.90% | SERVICE CLASS | $209.78 | 156 |
|  NOMURA VIP HIGH INCOME SERIES | 0.95% | SERVICE CLASS | $208.16 | 6 |
|  NOMURA VIP HIGH INCOME SERIES | 1.00% | SERVICE CLASS | $206.57 | 1 |
|  NOMURA VIP HIGH INCOME SERIES | 1.10% | SERVICE CLASS | $203.39 | 16 |
|  NOMURA VIP HIGH INCOME SERIES | 1.20% | SERVICE CLASS | $200.25 | 382 |
|  NOMURA VIP HIGH INCOME SERIES | 1.25% | SERVICE CLASS | $198.71 | 122 |
|  NOMURA VIP HIGH INCOME SERIES | 1.34% | SERVICE CLASS | $195.95 | 248 |
|  NOMURA VIP HIGH INCOME SERIES | 1.45% | SERVICE CLASS | $171.80 |  |
|  PIMCO COMMODITYREALRETURN<sup>®</sup> STRATEGY PORTFOLIO | 0.00% | ADVISOR CLASS | $160.33 | 4 |
|  PIMCO COMMODITYREALRETURN<sup>®</sup> STRATEGY PORTFOLIO | 0.25% | ADVISOR CLASS | $111.37 |  |
|  PIMCO COMMODITYREALRETURN<sup>®</sup> STRATEGY PORTFOLIO | 0.50% | ADVISOR CLASS | $107.08 | 1 |
|  PIMCO COMMODITYREALRETURN<sup>®</sup> STRATEGY PORTFOLIO | 0.80% | ADVISOR CLASS | $102.12 | 7 |
|  PIMCO COMMODITYREALRETURN<sup>®</sup> STRATEGY PORTFOLIO | 0.90% | ADVISOR CLASS | $100.52 | 2 |
|  PIMCO COMMODITYREALRETURN<sup>®</sup> STRATEGY PORTFOLIO | 1.00% | ADVISOR CLASS | $98.94 |  |
|  PIMCO COMMODITYREALRETURN<sup>®</sup> STRATEGY PORTFOLIO | 1.10% | ADVISOR CLASS | $97.39 | 1 |
|  PIMCO COMMODITYREALRETURN<sup>®</sup> STRATEGY PORTFOLIO | 1.20% | ADVISOR CLASS | $95.85 | 66 |
|  TARGET 2015 ALLOCATION | 0.00% | CLASS IB | $162.29 |  |
|  TARGET 2015 ALLOCATION | 0.25% | CLASS IB | $209.76 |  |
|  TARGET 2015 ALLOCATION | 0.40% | CLASS IB | $185.15 |  |
|  TARGET 2015 ALLOCATION | 0.50% | CLASS IB | $199.84 | 11 |
|  TARGET 2015 ALLOCATION | 0.70% | CLASS IB | $192.21 |  |
|  TARGET 2015 ALLOCATION | 0.80% | CLASS IB | $270.26 |  |
|  TARGET 2015 ALLOCATION | 0.90% | CLASS IB | $184.88 | 2 |
|  TARGET 2015 ALLOCATION | 0.95% | CLASS IB | $183.09 | 1 |
|  TARGET 2015 ALLOCATION | 1.10% | CLASS IB | $177.81 | 1 |
|  TARGET 2015 ALLOCATION | 1.20% | CLASS IB | $174.36 | 12 |
|  TARGET 2015 ALLOCATION | 1.25% | CLASS IB | $149.62 | 2 |
|  TARGET 2015 ALLOCATION | 1.34% | CLASS IB | $169.65 | 23 |
|  TARGET 2025 ALLOCATION | 0.00% | CLASS IB | $202.59 |  |
|  TARGET 2025 ALLOCATION | 0.25% | CLASS IB | $270.68 |  |
|  TARGET 2025 ALLOCATION | 0.40% | CLASS IB | $243.76 | 1 |
|  TARGET 2025 ALLOCATION | 0.50% | CLASS IB | $257.88 | 71 |
|  TARGET 2025 ALLOCATION | 0.70% | CLASS IB | $248.04 |  |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Continued)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  TARGET 2025 ALLOCATION | 0.80% | CLASS IB | $379.19 | 1 |
|  TARGET 2025 ALLOCATION | 0.90% | CLASS IB | $238.57 | 16 |
|  TARGET 2025 ALLOCATION | 0.95% | CLASS IB | $236.26 | 1 |
|  TARGET 2025 ALLOCATION | 1.00% | CLASS IB | $233.98 |  |
|  TARGET 2025 ALLOCATION | 1.10% | CLASS IB | $229.45 | 17 |
|  TARGET 2025 ALLOCATION | 1.20% | CLASS IB | $225.00 | 62 |
|  TARGET 2025 ALLOCATION | 1.25% | CLASS IB | $189.92 | 4 |
|  TARGET 2025 ALLOCATION | 1.34% | CLASS IB | $218.92 | 135 |
|  TARGET 2025 ALLOCATION | 1.45% | CLASS IB | $214.25 |  |
|  TARGET 2035 ALLOCATION | 0.00% | CLASS IB | $234.10 | 2 |
|  TARGET 2035 ALLOCATION | 0.25% | CLASS IB | $318.64 | 1 |
|  TARGET 2035 ALLOCATION | 0.40% | CLASS IB | $290.59 | 4 |
|  TARGET 2035 ALLOCATION | 0.50% | CLASS IB | $303.58 | 121 |
|  TARGET 2035 ALLOCATION | 0.70% | CLASS IB | $291.99 | 1 |
|  TARGET 2035 ALLOCATION | 0.80% | CLASS IB | $473.21 | 10 |
|  TARGET 2035 ALLOCATION | 0.90% | CLASS IB | $280.84 | 41 |
|  TARGET 2035 ALLOCATION | 0.95% | CLASS IB | $278.12 | 1 |
|  TARGET 2035 ALLOCATION | 1.00% | CLASS IB | $275.43 | 1 |
|  TARGET 2035 ALLOCATION | 1.10% | CLASS IB | $270.10 | 19 |
|  TARGET 2035 ALLOCATION | 1.20% | CLASS IB | $264.86 | 155 |
|  TARGET 2035 ALLOCATION | 1.25% | CLASS IB | $220.09 | 5 |
|  TARGET 2035 ALLOCATION | 1.34% | CLASS IB | $257.71 | 281 |
|  TARGET 2035 ALLOCATION | 1.35% | CLASS IB | $257.20 |  |
|  TARGET 2035 ALLOCATION | 1.45% | CLASS IB | $252.21 |  |
|  TARGET 2045 ALLOCATION | 0.00% | CLASS IB | $254.54 |  |
|  TARGET 2045 ALLOCATION | 0.25% | CLASS IB | $348.29 |  |
|  TARGET 2045 ALLOCATION | 0.40% | CLASS IB | $324.84 | 4 |
|  TARGET 2045 ALLOCATION | 0.50% | CLASS IB | $331.83 | 115 |
|  TARGET 2045 ALLOCATION | 0.70% | CLASS IB | $319.16 | 1 |
|  TARGET 2045 ALLOCATION | 0.80% | CLASS IB | $550.88 | 7 |
|  TARGET 2045 ALLOCATION | 0.90% | CLASS IB | $306.98 | 47 |
|  TARGET 2045 ALLOCATION | 0.95% | CLASS IB | $304.00 | 3 |
|  TARGET 2045 ALLOCATION | 1.00% | CLASS IB | $301.06 | 1 |
|  TARGET 2045 ALLOCATION | 1.10% | CLASS IB | $295.24 | 18 |
|  TARGET 2045 ALLOCATION | 1.20% | CLASS IB | $289.51 | 132 |
|  TARGET 2045 ALLOCATION | 1.25% | CLASS IB | $236.72 | 2 |
|  TARGET 2045 ALLOCATION | 1.34% | CLASS IB | $281.69 | 211 |
|  TARGET 2045 ALLOCATION | 1.35% | CLASS IB | $281.14 |  |
|  TARGET 2045 ALLOCATION | 1.45% | CLASS IB | $275.68 |  |
|  TARGET 2055 ALLOCATION | 0.00% | CLASS IB | $277.18 |  |
|  TARGET 2055 ALLOCATION | 0.25% | CLASS IB | $250.66 |  |
|  TARGET 2055 ALLOCATION | 0.40% | CLASS IB | $138.60 | 2 |
|  TARGET 2055 ALLOCATION | 0.50% | CLASS IB | $244.07 | 125 |
|  TARGET 2055 ALLOCATION | 0.70% | CLASS IB | $238.90 | 1 |
|  TARGET 2055 ALLOCATION | 0.80% | CLASS IB | $236.35 | 18 |
|  TARGET 2055 ALLOCATION | 0.90% | CLASS IB | $233.83 | 27 |
|  TARGET 2055 ALLOCATION | 0.95% | CLASS IB | $232.58 |  |
|  TARGET 2055 ALLOCATION | 1.00% | CLASS IB | $231.34 | 2 |
|  TARGET 2055 ALLOCATION | 1.10% | CLASS IB | $228.87 | 15 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF ASSETS AND LIABILITIES (Concluded)** 

**DECEMBER 31, 2025** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Contract<br>Charges\*** | **Share Class\*\*** | **Unit Value** | **Units<br>Outstanding<br>(000's)\*\*\*** |
|  TARGET 2055 ALLOCATION | 1.20% | CLASS IB | $226.41 | 116 |
|  TARGET 2055 ALLOCATION | 1.25% | CLASS IB | $225.20 | 1 |
|  TARGET 2055 ALLOCATION | 1.34% | CLASS IB | $223.03 | 62 |
|  TEMPLETON GLOBAL BOND VIP FUND | 0.00% | CLASS 2 | $97.87 |  |
|  TEMPLETON GLOBAL BOND VIP FUND | 0.25% | CLASS 2 | $112.49 |  |
|  TEMPLETON GLOBAL BOND VIP FUND | 0.50% | CLASS 2 | $108.15 | 23 |
|  TEMPLETON GLOBAL BOND VIP FUND | 0.70% | CLASS 2 | $104.78 | 1 |
|  TEMPLETON GLOBAL BOND VIP FUND | 0.80% | CLASS 2 | $103.14 | 22 |
|  TEMPLETON GLOBAL BOND VIP FUND | 0.90% | CLASS 2 | $101.52 | 7 |
|  TEMPLETON GLOBAL BOND VIP FUND | 1.00% | CLASS 2 | $99.93 | 3 |
|  TEMPLETON GLOBAL BOND VIP FUND | 1.10% | CLASS 2 | $98.35 | 5 |
|  TEMPLETON GLOBAL BOND VIP FUND | 1.20% | CLASS 2 | $96.80 | 295 |
|  VANECK VIP GLOBAL RESOURCES FUND | 0.00% | CLASS S | $110.62 |  |
|  VANECK VIP GLOBAL RESOURCES FUND | 0.25% | CLASS S | $106.63 | 2 |
|  VANECK VIP GLOBAL RESOURCES FUND | 0.40% | CLASS S | $146.42 | 2 |
|  VANECK VIP GLOBAL RESOURCES FUND | 0.50% | CLASS S | $102.79 | 5 |
|  VANECK VIP GLOBAL RESOURCES FUND | 0.70% | CLASS S | $99.80 | 1 |
|  VANECK VIP GLOBAL RESOURCES FUND | 0.80% | CLASS S | $98.34 | 4 |
|  VANECK VIP GLOBAL RESOURCES FUND | 0.90% | CLASS S | $96.90 | 34 |
|  VANECK VIP GLOBAL RESOURCES FUND | 0.95% | CLASS S | $96.19 | 6 |
|  VANECK VIP GLOBAL RESOURCES FUND | 1.00% | CLASS S | $95.48 |  |
|  VANECK VIP GLOBAL RESOURCES FUND | 1.10% | CLASS S | $94.08 | 7 |
|  VANECK VIP GLOBAL RESOURCES FUND | 1.20% | CLASS S | $92.69 | 63 |
|  VANECK VIP GLOBAL RESOURCES FUND | 1.25% | CLASS S | $92.01 | 9 |
|  VANECK VIP GLOBAL RESOURCES FUND | 1.34% | CLASS S | $90.79 | 153 |
|  VANECK VIP GLOBAL RESOURCES FUND | 1.45% | CLASS S | $89.31 |  |

---

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

\* Contract charges reflect the annual mortality, expense risk, financial accounting and other expenses related to the Variable Investment Options.

\*\* Share class reflects the share class of the Portfolio in which the units of the Variable Investment Option are invested, as further described in Note 6 of these financial statements.

\*\*\* Variable Investment Options where Units Outstanding are less than 500 are denoted by a —.

+ In 2025, this Variable Investment Option exceeds the maximum expense limitation (See Note 8).

---

| | |
|:---|:---|
| ++ | This Variable Investment Option is subject to a non-guaranteed fee waiver. If the total return on any given day is negative, the contract charges will be waived in its entirety. In 2025, the contract charges were 0.00%. |

---

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **1290 VT<br>CONVERTIBLE<br>SECURITIES\*** | **1290 VT<br>DOUBLELINE<br>OPPORTUNISTIC<br>BOND\*** | **1290 VT EQUITY<br>INCOME\*** | **1290 VT GAMCO<br>MERGERS &<br>ACQUISITIONS\*** | **1290 VT GAMCO<br>SMALL COMPANY<br>VALUE\*** | **1290 VT HIGH<br>YIELD BOND\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $18874 | $539115 | $2045344 | $317490 | $7042727 | $3056911 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 14567 | 168171 | 1300211 | 151072 | 16180735 | 507558 |
|  **Net Investment Income (Loss)** | 4307 | 370944 | 745133 | 166418 | (9138008) | 2549353 |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 142272 | (57314) | 3294236 | 679993 | 73502730 | 1718280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios |  |  | 7750807 | 342662 | 69730051 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 142272 | (57314) | 11045043 | 1022655 | 143232781 | 1718280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (11121) | 544267 | (332297) | 352530 | (25141791) | (1886553) |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 131151 | 486953 | 10712746 | 1375185 | 118090990 | (168273) |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $135458 | $857897 | $11457879 | $1541603 | $108952982 | $2381080 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **1290 VT MICRO<br>CAP\*** | **1290 VT SMALL<br>CAP VALUE\*** | **1290 VT<br>SMARTBETA<br>EQUITY ESG\*** | **1290 VT<br>SOCIALLY<br>RESPONSIBLE\*** | **AMERICAN<br>FUNDS<br>INSURANCE<br>SERIES<sup>®</sup> THE<br>BOND FUND<br>OF AMERICA<sup>®</sup>** | **EQ/400<br>MANAGED<br>VOLATILITY\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $4062 | $1865434 | $447303 | $366085 | $2472264 | $249273 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 13687 | 2099012 | 891930 | 1218242 | 868794 | 343147 |
|  **Net Investment Income (Loss)** | (9625) | (233578) | (444627) | (852157) | 1603470 | (93874) |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 175453 | 5787202 | 12189745 | 20775872 | (958844) | (47127) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios |  | 16198559 | 4837431 | 7596832 |  | 2153215 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 175453 | 21985761 | 17027176 | 28372704 | (958844) | 2106088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (23493) | (15338877) | (7838386) | (12728544) | 3384127 | (2248265) |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 151960 | 6646884 | 9188790 | 15644160 | 2425283 | (142177) |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $142335 | $6413306 | $8744163 | $14792003 | $4028753 | $(236051) |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/500<br>MANAGED<br>VOLATILITY\*** | **EQ/2000<br>MANAGED<br>VOLATILITY\*** | **EQ/AB<br>DYNAMIC<br>MODERATE<br>GROWTH\*** | **EQ/AB SHORT<br>DURATION<br>GOVERNMENT<br>BOND\*** | **EQ/AB<br>SMALL CAP<br>GROWTH\*** | **EQ/<br>AGGRESSIVE<br>ALLOCATION\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $453356 | $128319 | $163084 | $672 | $709547 | $9746362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 763768 | 169463 | 177183 | 251 | 6404511 | 9815582 |
|  **Net Investment Income (Loss)** | (310412) | (41144) | (14099) | 421 | (5694964) | (69220) |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 3308830 | 132360 | 1480134 | 442 | 15949880 | 79816659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios | 8118572 | 464362 | 1010883 |  | 47178698 | 63387848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 11427402 | 596722 | 2491017 | 442 | 63128578 | 143204507 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (5241034) | 23180 | (902170) | (320) | (29691304) | (70433454) |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 6186368 | 619902 | 1588847 | 122 | 33437274 | 72771053 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $5875956 | $578758 | $1574748 | $543 | $27742310 | $72701833 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/AGGRESSIVE<br>GROWTH<br>STRATEGY\*** | **EQ/ALL ASSET<br>GROWTH<br>ALLOCATION\*** | **EQ/AMERICAN<br>CENTURY MID<br>CAP VALUE\*** | **EQ/BALANCED<br>STRATEGY\*** | **EQ/CAPITAL<br>GROUP<br>RESEARCH\*** | **EQ/CLEARBRIDGE<br>LARGE CAP<br>GROWTH ESG\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $984052 | $804460 | $2428257 | $3677553 | $1531768 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 837582 | 742390 | 2282618 | 2164192 | 4640464 | 2117076 |
|  **Net Investment Income (Loss)** | 146470 | 62070 | 145639 | 1513361 | (3108696) | (2117076) |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 6357894 | 10762570 | 1143498 | 10818953 | 58389814 | 33106137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios | 5354874 | 1950355 | 11468383 | 10267588 | 28748923 | 16516112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 11712768 | 12712925 | 12611881 | 21086541 | 87138737 | 49622249 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (6020691) | (5131382) | (514151) | (9077179) | (24332257) | (38312796) |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 5692077 | 7581543 | 12097730 | 12009362 | 62806480 | 11309453 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $5838547 | $7643613 | $12243369 | $13522723 | $59697784 | $9192377 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/CLEARBRIDGE<br>SELECT EQUITY<br>MANAGED<br>VOLATILITY\*** | **EQ/COMMON<br>STOCK<br>INDEX\*** | **EQ/CONSERVATIVE<br>ALLOCATION\*** | **EQ/CONSERVATIVE<br>GROWTH<br>STRATEGY\*** | **EQ/CONSERVATIVE<br>STRATEGY\*** | **EQ/CONSERVATIVE-<br>PLUS ALLOCATION\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $52700 | $14533861 | $1478039 | $650441 | $297086 | $3129744 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 568011 | 35330832 | 747168 | 368905 | 113533 | 1854695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Reduction for expense limitation |  | (6062802) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Expenses | 568011 | 29268030 | 747168 | 368905 | 113533 | 1854695 |
|  **Net Investment Income (Loss)** | (515311) | (14734169) | 730871 | 281536 | 183553 | 1275049 |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 9030961 | 407407735 | 1590710 | 1822431 | 489200 | 4795922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios | 236405 | 172912125 | 1141028 | 1375348 | 283955 | 6323937 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 9267366 | 580319860 | 2731738 | 3197779 | 773155 | 11119859 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (6743642) | (227131120) | (76912) | (1451442) | (261233) | (2522480) |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 2523724 | 353188740 | 2654826 | 1746337 | 511922 | 8597379 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $2008413 | $338454571 | $3385697 | $2027873 | $695475 | $9872428 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/CORE<br>BOND<br>INDEX\*** | **EQ/CORE<br>PLUS<br>BOND\*** | **EQ/EMERGING<br>MARKETS<br>EQUITY PLUS\*** | **EQ/EQUITY<br>500 INDEX\*** | **EQ/FIDELITY<br>INSTITUTIONAL<br>AM<sup>®</sup> LARGE<br>CAP\*** | **EQ/FRANKLIN<br>RISING<br>DIVIDENDS\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $3055921 | $4645962 | $572727 | $23107494 | $1898826 | $218192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 1405529 | 1220279 | 357539 | 45996666 | 8091177 | 377410 |
|  **Net Investment Income (Loss)** | 1650392 | 3425683 | 215188 | (22889172) | (6192351) | (159218) |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 3020458 | (1632572) | 3834579 | 831509507 | 149567012 | 3593677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios |  |  |  | 86496541 | 36809415 | 1132808 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 3020458 | (1632572) | 3834579 | 918006048 | 186376427 | 4726485 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | 1330481 | 5151896 | 3936006 | (421332480) | (94876989) | (1654852) |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 4350939 | 3519324 | 7770585 | 496673568 | 91499438 | 3071633 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $6001331 | $6945007 | $7985773 | $473784396 | $85307087 | $2912415 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/FRANKLIN<br>SMALL CAP<br>VALUE<br>MANAGED<br>VOLATILITY\*** | **EQ/GLOBAL<br>EQUITY<br>MANAGED<br>VOLATILITY\*** | **EQ/GOLDMAN<br>SACHS MID<br>CAP VALUE\*** | **EQ/GROWTH<br>STRATEGY\*** | **EQ/INTERMEDIATE<br>GOVERNMENT<br>BOND\*** | **EQ/INTERNATIONAL<br>CORE MANAGED<br>VOLATILITY\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $168407 | $2861205 | $728001 | $29019 | $1048747 | $1798296 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 243466 | 4776056 | 977603 | 19238 | 439088 | 1918736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Reduction for expense limitation |  | (1) |  |  | (1161) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Expenses | 243466 | 4776055 | 977603 | 19238 | 437927 | 1918734 |
|  **Net Investment Income (Loss)** | (75059) | (1914850) | (249602) | 9781 | 610820 | (120438) |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | (200145) | 20993985 | 6052554 | 131272 | 414792 | 15246628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios | 1462341 | 36044668 | 5664664 | 132158 |  | 9996482 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 1262196 | 57038653 | 11717218 | 263430 | 414792 | 25243110 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (599192) | 3395190 | (6567839) | (115174) | 529245 | 8716619 |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 663004 | 60433843 | 5149379 | 148256 | 944037 | 33959729 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $587945 | $58518993 | $4899777 | $158037 | $1554857 | $33839291 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/INTERNATIONAL<br>EQUITY INDEX\*** | **EQ/INTERNATIONAL<br>MANAGED<br>VOLATILITY\*** | **EQ/INTERNATIONAL<br>VALUE MANAGED<br>VOLATILITY\*** | **EQ/INVESCO<br>COMSTOCK\*** | **EQ/INVESCO<br>GLOBAL\*** | **EQ/INVESCO<br>GLOBAL<br>REAL<br>ASSETS\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $17016404 | $321335 | $3581067 | $1642834 | $— | $1838002 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 6476999 | 212634 | 2137364 | 1802672 | 3601278 | 995156 |
|  **Net Investment Income (Loss)** | 10539405 | 108701 | 1443703 | (159838) | (3601278) | 842846 |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 82598268 | 2460651 | 11879333 | 7456453 | 59919256 | 6495048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios |  | 554790 | 8913300 | 10560338 | 32605294 | 2818906 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 82598268 | 3015441 | 20792633 | 18016791 | 92524550 | 9313954 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | 44603971 | 854314 | 15447415 | 1426111 | (54819134) | 2463628 |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 127202239 | 3869755 | 36240048 | 19442902 | 37705416 | 11777582 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $137741644 | $3978456 | $37683751 | $19283064 | $34104138 | $12620428 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/JANUS<br>ENTERPRISE\*** | **EQ/<br>JPMORGAN<br>GROWTH<br>STOCK\*** | **EQ/JPMORGAN<br>VALUE<br>OPPORTUNITIES\*** | **EQ/LARGE CAP<br>CORE MANAGED<br>VOLATILITY\*** | **EQ/LARGE CAP<br>GROWTH<br>INDEX\*** | **EQ/LARGE<br>CAP GROWTH<br>MANAGED<br>VOLATILITY\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $— | $— | $4122129 | $279753 | $— | $952887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 6651505 | 15719798 | 5125267 | 506967 | 8692735 | 13438757 |
|  **Net Investment Income (Loss)** | (6651505) | (15719798) | (1003138) | (227214) | (8692735) | (12485870) |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 26366238 | 281310028 | 6881171 | 856584 | 167779188 | 100434386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios | 41923355 | 172152167 | 33071228 | 4899535 | 53074918 | 141144563 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 68289593 | 453462195 | 39952399 | 5756119 | 220854106 | 241578949 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (31762756) | (301302534) | 9848872 | (2481603) | (121251924) | (143780040) |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 36526837 | 152159661 | 49801271 | 3274516 | 99602182 | 97798909 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $29875332 | $136439863 | $48798133 | $3047302 | $90909447 | $85313039 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/LARGE<br>CAP VALUE<br>INDEX\*** | **EQ/LARGE<br>CAP VALUE<br>MANAGED<br>VOLATILITY\*** | **EQ/LAZARD**<br>**EMERGING<br>MARKETS<br>EQUITY\*** | **EQ/LOOMIS<br>SAYLES<br>GROWTH\*** | **EQ/MFS<br>INTERNATIONAL<br>GROWTH\*** | **EQ/MFS<br>INTERNATIONAL**<br>**INTRINSIC VALUE\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $1811785 | $10502728 | $8175451 | $— | $2736500 | $7355088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 2092613 | 10556538 | 2984904 | 1699956 | 4173680 | 8182703 |
|  **Net Investment Income (Loss)** | (280828) | (53810) | 5190547 | (1699956) | (1437180) | (827615) |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 17180974 | 19526477 | 43933274 | 21958376 | 43749367 | 117007778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios | 8616948 | 64379300 | 8572585 | 10551802 | 24690051 | 30176443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 25797922 | 83905777 | 52505859 | 32510178 | 68439418 | 147184221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (5521274) | (16767884) | 25289823 | (16070912) | 1813366 | 53297354 |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 20276648 | 67137893 | 77795682 | 16439266 | 70252784 | 200481575 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $19995820 | $67084083 | $82986229 | $14739310 | $68815604 | $199653960 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/MFS MID CAP<br>FOCUSED<br>GROWTH\*** | **EQ/MFS<br>TECHNOLOGY\*** | **EQ/MFS<br>UTILITIES<br>SERIES\*** | **EQ/MID CAP<br>INDEX\*** | **EQ/MID CAP<br>VALUE<br>MANAGED<br>VOLATILITY\*** | **EQ/MODERATE<br>ALLOCATION\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $— | $— | $2298969 | $7530089 | $4900933 | $25368554 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 3557481 | 6309053 | 1351168 | 12400576 | 5771236 | 15730759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Reduction for expense limitation |  |  |  |  |  | (4037034) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Expenses | 3557481 | 6309053 | 1351168 | 12400576 | 5771236 | 11693725 |
|  **Net Investment Income (Loss)** | (3557481) | (6309053) | 947801 | (4870487) | (870303) | 13674829 |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 49026978 | 138832282 | 10990175 | 49120891 | (8684405) | 50177724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios | 30958598 | 43804750 | 1093206 | 53806696 | 29173334 | 61499442 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 79985576 | 182637032 | 12083381 | 102927587 | 20488929 | 111677166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (59691147) | (118524313) | 1762231 | (65145528) | (8591330) | (26805788) |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 20294429 | 64112719 | 13845612 | 37782059 | 11897599 | 84871378 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $16736948 | $57803666 | $14793413 | $32911572 | $11027296 | $98546207 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/MODERATE**<br>**GROWTH<br>STRATEGY\*** | **EQ/MODERATE-**<br>**PLUS ALLOCATION\*** | **EQ/MONEY<br>MARKET\*** | **EQ/MORGAN<br>STANLEY<br>SMALL CAP<br>GROWTH\*** | **EQ/PIMCO<br>GLOBAL REAL<br>RETURN\*** | **EQ/PIMCO<br>ULTRA SHORT<br>BOND\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $1964959 | $18121123 | $4052753 | $242070 | $514141 | $2309943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 1257272 | 13705755 | 1288030 | 1084970 | 510493 | 788572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Reduction for expense limitation |  |  | (119154) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Expenses | 1257272 | 13705755 | 1168876 | 1084970 | 510493 | 788572 |
|  **Net Investment Income (Loss)** | 707687 | 4415368 | 2883877 | (842900) | 3648 | 1521371 |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 6173980 | 63213469 | (19949) | 15111286 | 283191 | 1323605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios | 7525574 | 73855572 | 493 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 13699554 | 137069041 | (19456) | 15111286 | 283191 | 1323605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (6250128) | (50052085) | (24911) | (9551642) | 1582244 | (823677) |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 7449426 | 87016956 | (44367) | 5559644 | 1865435 | 499928 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $8157113 | $91432324 | $2839510 | $4716744 | $1869083 | $2021299 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/QUALITY<br>BOND PLUS\*** | **EQ/SMALL<br>COMPANY INDEX\*** | **EQ/VALUE<br>EQUITY\*** | **EQ/WELLINGTON<br>ENERGY\*** | **EQUITABLE<br>CONSERVATIVE<br>GROWTH<br>MF/ETF\*** | **EQUITABLE<br>GROWTH<br>MF/ETF\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $1706012 | $3723641 | $8999201 | $1318147 | $384916 | $59764 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 680628 | 6008908 | 9064909 | 716247 | 174401 | 53591 |
|  **Net Investment Income (Loss)** | 1025384 | (2285267) | (65708) | 601900 | 210515 | 6173 |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 304273 | 12855195 | 87765817 | 4520080 | 1549034 | 391458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios |  | 15123132 | 15257545 |  | 455939 | 121170 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 304273 | 27978327 | 103023362 | 4520080 | 2004973 | 512628 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | 1234781 | 9095927 | (41353856) | 670783 | (885377) | (14689) |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 1539054 | 37074254 | 61669506 | 5190863 | 1119596 | 497939 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $2564438 | $34788987 | $61603798 | $5792763 | $1330111 | $504112 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQUITABLE<br>MODERATE GROWTH<br>MF/ETF\*** | **FIDELITY<sup>®</sup> VIP<br>EQUITY-INCOME<br>PORTFOLIO** | **FIDELITY<sup>®</sup> VIP<br>INVESTMENT<br>GRADE BOND<br>PORTFOLIO** | **FIDELITY<sup>®</sup> VIP<br>MID CAP<br>PORTFOLIO** | **INVESCO V.I.<br>DIVERSIFIED<br>DIVIDEND<br>FUND** | **MFS<sup>®</sup><br>MASSACHUSETTS<br>INVESTORS<br>GROWTH STOCK<br>PORTFOLIO** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $60013 | $515359 | $3496712 | $170444 | $831888 | $8270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 28242 | 405299 | 1355472 | 1154730 | 713503 | 648216 |
|  **Net Investment Income (Loss)** | 31771 | 110060 | 2141240 | (984286) | 118385 | (639946) |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 109418 | 4104827 | 567742 | (2105919) | 5791454 | 5510048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios | 59366 | 1944562 |  | 12199729 | 4676677 | 7166137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 168784 | 6049389 | 567742 | 10093810 | 10468131 | 12676185 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | 72790 | (529968) | 3397401 | (5296234) | (1813029) | (8338223) |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 241574 | 5519421 | 3965143 | 4797576 | 8655102 | 4337962 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $273345 | $5629481 | $6106383 | $3813290 | $8773487 | $3698016 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Continued)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **MULTIMANAGER<br>AGGRESSIVE<br>EQUITY\*** | **MULTIMANAGER<br>CORE BOND\*** | **MULTIMANAGER<br>TECHNOLOGY\*** | **NOMURA VIP HIGH<br>INCOME SERIES** | **PIMCO<br>COMMODITYREAL<br>RETURN<sup>®</sup> STRATEGY<br>PORTFOLIO** | **TARGET 2015<br>ALLOCATION\*** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $1717421 | $2495693 | $— | $21641509 | $218766 | $343145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 10935253 | 861604 | 5458984 | 2964417 | 110926 | 123240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Reduction for expense limitation | (3415662) |  | (415) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Expenses | 7519591 | 861604 | 5458569 | 2964417 | 110926 | 123240 |
|  **Net Investment Income (Loss)** | (5802170) | 1634089 | (5458569) | 18677092 | 107840 | 219905 |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 135039329 | 3513 | 67723214 | (8425452) | (405855) | (409883) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios | 128439262 |  | 47636249 | 83051 |  | 478887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 263478591 | 3513 | 115359463 | (8342401) | (405855) | 69004 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (148035974) | 2322756 | (23023271) | 2143940 | 1852429 | 574976 |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 115442617 | 2326269 | 92336192 | (6198461) | 1446574 | 643980 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $109640447 | $3960358 | $86877623 | $12478631 | $1554414 | $863885 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF OPERATIONS (Concluded)** 

**FOR THE YEAR ENDED DECEMBER 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **TARGET 2025<br>ALLOCATION\*** | **TARGET 2035<br>ALLOCATION\*** | **TARGET 2045<br>ALLOCATION\*** | **TARGET 2055<br>ALLOCATION\*** | **TEMPLETON<br>GLOBAL BOND VIP<br>FUND** | **VANECK VIP<br>GLOBAL RESOURCES<br>FUND** |
|  **Income and Expenses:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends from the Portfolios | $1911590 | $3589834 | $2826470 | $1256644 | $— | $525144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-based charges | 862937 | 2028445 | 1893526 | 926468 | 535898 | 300184 |
|  **Net Investment Income (Loss)** | 1048653 | 1561389 | 932944 | 330176 | (535898) | 224960 |
|  **Net Realized and Unrealized Gain (Loss) on Investments:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 3122828 | 22256309 | 27668815 | 17611753 | 58180 | 148662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain distribution from the Portfolios | 4925984 | 4778501 | 4239338 | 2046770 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 8048812 | 27034810 | 31908153 | 19658523 | 58180 | 148662 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (489001) | (5042468) | (9229751) | (6847706) | 7901539 | 6738992 |
|  **Net Realized and Unrealized Gain (Loss) on Investments** | 7559811 | 21992342 | 22678402 | 12810817 | 7959719 | 6887654 |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $8608464 | $23553731 | $23611346 | $13140993 | $7423821 | $7112614 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **1290 VT CONVERTIBLE<br>SECURITIES\*** | **1290 VT CONVERTIBLE<br>SECURITIES\*** | **1290 VT DOUBLELINE<br>OPPORTUNISTIC BOND\*** | **1290 VT DOUBLELINE<br>OPPORTUNISTIC BOND\*** | **1290 VT EQUITY INCOME\*** | **1290 VT EQUITY INCOME\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $4307 | $7838 | $370944 | $729738 | $745133 | $959751 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 142272 | 21312 | (57314) | 3863 | 11045043 | 11108647 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (11121) | 62652 | 544267 | (399311) | (332297) | (2033338) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 135458 | 91802 | 857897 | 334290 | 11457879 | 10035060 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 116858 | 77600 | 1888858 | 2355597 | 4117946 | 4538516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | 578501 | 276120 | 76755 | 265527 | (312023) | (2228392) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (746296) | (60788) | (11537955) | (1836456) | (38351654) | (10982516) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (288) | (192) | (7894) | (11911) | (28962) | (37685) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (51225) | 292740 | (9580236) | 772757 | (34574693) | (8710077) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A |  | 1273 | 19 | 167 |  | 645 |
|  **Net Increase (Decrease) in Net Assets** | 84233 | 385815 | (8722320) | 1107214 | (23116814) | 1325628 |
|  **Net Assets — Beginning of Year** | 1219574 | 833759 | 20907625 | 19800411 | 120108582 | 118782954 |
|  **Net Assets — End of Year** | $1303807 | $1219574 | $12185305 | $20907625 | $96991768 | $120108582 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **1290 VT GAMCO<br>MERGERS &<br>ACQUISITIONS\*** | **1290 VT GAMCO<br>MERGERS &<br>ACQUISITIONS\*** | **1290 VT GAMCO SMALL<br>COMPANY VALUE\*** | **1290 VT GAMCO SMALL<br>COMPANY VALUE\*** | **1290 VT HIGH YIELD<br>BOND\*** | **1290 VT HIGH YIELD<br>BOND\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $166418 | $66355 | $(9138008) | $(10275126) | $2549353 | $2107326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 1022655 | 716570 | 143232781 | 152276506 | 1718280 | 387326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | 352530 | 178347 | (25141791) | 18693028 | (1886553) | (112238) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 1541603 | 961272 | 108952982 | 160694408 | 2381080 | 2382414 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 454174 | 495332 | 88743917 | 117777194 | 5482101 | 4684614 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (114404) | (62699) | (2766777) | (20764963) | 50426444 | 4760310 |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (3414590) | (1849795) | (725676957) | (141821212) | (26431251) | (3905570) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (4253) | (4939) | (455905) | (665135) | (20369) | (22864) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (3079073) | (1422101) | (640155722) | (45474116) | 29456925 | 5516490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | (1) | 50 | 251 | (13949) | 3239 | 200 |
|  **Net Increase (Decrease) in Net Assets** | (1537471) | (460779) | (531202489) | 115206343 | 31841244 | 7899104 |
|  **Net Assets — Beginning of Year** | 12888855 | 13349634 | 1697698840 | 1582492497 | 44283936 | 36384832 |
|  **Net Assets — End of Year** | $11351384 | $12888855 | $1166496351 | $1697698840 | $76125180 | $44283936 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **1290 VT MICRO CAP\*** | **1290 VT MICRO CAP\*** | **1290 VT SMALL CAP VALUE\*** | **1290 VT SMALL CAP VALUE\*** | **1290 VT SMARTBETA**<br>**EQUITY ESG\*** | **1290 VT SMARTBETA**<br>**EQUITY ESG\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(9625) | $(12246) | $(233578) | $261843 | $(444627) | $(269312) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 175453 | 30443 | 21985761 | 12932845 | 17027176 | 8187008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (23493) | 194752 | (15338877) | 15675620 | (7838386) | 4010155 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 142335 | 212949 | 6413306 | 28870308 | 8744163 | 11927851 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 15339 | 53190 | 8101849 | 7509189 | 4955212 | 6284077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (102695) | (22854) | (564933) | (930534) | 181055 | 272185 |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (271590) | (139977) | (35196961) | (14759376) | (39786074) | (10539803) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (128) | (241) | (52697) | (61969) | (27382) | (46042) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (359074) | (109882) | (27712742) | (8242690) | (34677189) | (4029583) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 2 |  | 9 | 2583 | 54 | 1595 |
|  **Net Increase (Decrease) in Net Assets** | (216737) | 103067 | (21299427) | 20630201 | (25932972) | 7899863 |
|  **Net Assets — Beginning of Year** | 1292208 | 1189141 | 175632304 | 155002103 | 88317765 | 80417902 |
|  **Net Assets — End of Year** | $1075471 | $1292208 | $154332877 | $175632304 | $62384793 | $88317765 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **1290 VT SOCIALLY**<br>**RESPONSIBLE\*** | **1290 VT SOCIALLY**<br>**RESPONSIBLE\*** | **AMERICAN FUNDS**<br>**INSURANCE SERIES<sup>®</sup> THE**<br>**BOND FUND OF AMERICA<sup>®</sup>** | **AMERICAN FUNDS**<br>**INSURANCE SERIES<sup>®</sup> THE**<br>**BOND FUND OF AMERICA<sup>®</sup>** | **EQ/400 MANAGED**<br>**VOLATILITY\*** | **EQ/400 MANAGED**<br>**VOLATILITY\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(852157) | $(816241) | $1603470 | $2677321 | $(93874) | $(19737) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 28372704 | 9012805 | (958844) | (387660) | 2106088 | 4145269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (12728544) | 13304269 | 3384127 | (2508601) | (2248265) | (171693) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 14792003 | 21500833 | 4028753 | (218940) | (236051) | 3953839 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 6352791 | 7795071 | 7815606 | 10969983 | 3313204 | 3588965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (3817466) | (1993276) | 2921394 | 6460997 | (571797) | 115244 |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (37551308) | (8273323) | (48080462) | (12318384) | (13233588) | (3061416) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (47882) | (59281) | (36198) | (46147) | (12953) | (18167) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (35063865) | (2530809) | (37379660) | 5066449 | (10505134) | 624626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 52 | (3311) | 3 | 1313 | 29 | 464 |
|  **Net Increase (Decrease) in Net Assets** | (20271810) | 18966713 | (33350904) | 4848822 | (10741156) | 4578929 |
|  **Net Assets — Beginning of Year** | 125858183 | 106891470 | 95042377 | 90193555 | 38455477 | 33876548 |
|  **Net Assets — End of Year** | $105586373 | $125858183 | $61691473 | $95042377 | $27714321 | $38455477 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/500 MANAGED**<br>**VOLATILITY\*** | **EQ/500 MANAGED**<br>**VOLATILITY\*** | **EQ/2000 MANAGED**<br>**VOLATILITY\*** | **EQ/2000 MANAGED**<br>**VOLATILITY\*** | **EQ/AB DYNAMIC<br>MODERATE GROWTH\*** | **EQ/AB DYNAMIC<br>MODERATE GROWTH\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(310412) | $(51092) | $(41144) | $48052 | $(14099) | $72449 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 11427402 | 14697288 | 596722 | 1630712 | 2491017 | 1406404 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (5241034) | (263612) | 23180 | (118590) | (902170) | 124200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 5875956 | 14382584 | 578758 | 1560174 | 1574748 | 1603053 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 6546045 | 7005008 | 1652613 | 2010364 | 989417 | 1262121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed<br>interest account, net | 96660 | 1692700 | (376455) | (462864) | (13900) | (380427) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (29674918) | (6983749) | (6326067) | (1111191) | (7379272) | (2191534) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (28138) | (33266) | (10400) | (12609) | (8837) | (13699) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (23060351) | 1680693 | (5060309) | 423700 | (6412592) | (1323539) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in<br>Separate Account A | 3 | 560 | 20 | 922 |  | 169 |
|  **Net Increase (Decrease) in Net Assets** | (17184392) | 16063837 | (4481531) | 1984796 | (4837844) | 279683 |
|  **Net Assets — Beginning of Year** | 79249623 | 63185786 | 18470234 | 16485438 | 17807266 | 17527583 |
|  **Net Assets — End of Year** | $62065231 | $79249623 | $13988703 | $18470234 | $12969422 | $17807266 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/AB SHORT**<br>**DURATION**<br>**GOVERNMENT BOND\*** | **EQ/AB SHORT**<br>**DURATION**<br>**GOVERNMENT BOND\*** | **EQ/AB SMALL CAP**<br>**GROWTH\*** | **EQ/AB SMALL CAP**<br>**GROWTH\*** | **EQ/AGGRESSIVE**<br>**ALLOCATION\*** | **EQ/AGGRESSIVE**<br>**ALLOCATION\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $421 | $284 | $(5694964) | $(5564107) | $(69220) | $9891289 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 442 | 451 | 63128578 | 70688080 | 143204507 | 70342090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (320) | 13 | (29691304) | 2679568 | (70433454) | 37616140 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 543 | 748 | 27742310 | 67803541 | 72701833 | 117849519 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners |  |  | 31630512 | 38139108 | 47120441 | 62223711 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed<br>interest account, net |  | (143) | (7704853) | (5816810) | (20977866) | (19636301) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (1215) | (1139) | (153972651) | (52239935) | (435723717) | (71816380) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (381) | (399) | (166906) | (217481) | (516422) | (710849) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustments to net assets allocated to contracts in payout period |  |  | 18398 | (69279) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (1596) | (1681) | (130195500) | (20204397) | (410097564) | (29939819) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in<br>Separate Account A |  |  | 50141 | 77746 | 26 | (13849) |
|  **Net Increase (Decrease) in Net Assets** | (1053) | (933) | (102403049) | 47676890 | (337395705) | 87895851 |
|  **Net Assets — Beginning of Year** | 19185 | 20118 | 598223758 | 550546868 | 1047604166 | 959708315 |
|  **Net Assets — End of Year** | $18132 | $19185 | $495820709 | $598223758 | $710208461 | $1047604166 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/AGGRESSIVE GROWTH**<br>**STRATEGY\*** | **EQ/AGGRESSIVE GROWTH**<br>**STRATEGY\*** | **EQ/ALL ASSET GROWTH**<br>**ALLOCATION\*** | **EQ/ALL ASSET GROWTH**<br>**ALLOCATION\*** | **EQ/AMERICAN CENTURY<br>MID CAP VALUE\*** | **EQ/AMERICAN CENTURY<br>MID CAP VALUE\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $146470 | $773924 | $62070 | $982596 | $145639 | $1738345 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 11712768 | 5467220 | 12712925 | 4054299 | 12611881 | 15702521 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (6020691) | 3249193 | (5131382) | 3752445 | (514151) | 54143 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 5838547 | 9490337 | 7643613 | 8789340 | 12243369 | 17495009 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 4004713 | 5162322 | 3216129 | 5287707 | 17705670 | 24197676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | 12202 | (2774895) | (912464) | (4045598) | (2997916) | (6065141) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (26548082) | (9250985) | (65229913) | (8721691) | (121018129) | (21959050) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (47269) | (46724) | (24200) | (46737) | (92086) | (135175) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (22578436) | (6910282) | (62950448) | (7526319) | (106402461) | (3961690) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 3 | (41258) |  | 1549 | 105 | (117) |
|  **Net Increase (Decrease) in Net Assets** | (16739886) | 2538797 | (55306835) | 1264570 | (94158987) | 13533202 |
|  **Net Assets — Beginning of Year** | 79881589 | 77342792 | 93501459 | 92236889 | 260698986 | 247165784 |
|  **Net Assets — End of Year** | $63141703 | $79881589 | $38194624 | $93501459 | $166539999 | $260698986 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/BALANCED STRATEGY\*** | **EQ/BALANCED STRATEGY\*** | **EQ/CAPITAL GROUP**<br>**RESEARCH\*** | **EQ/CAPITAL GROUP**<br>**RESEARCH\*** | **EQ/CLEARBRIDGE LARGE CAP**<br>**GROWTH ESG\*** | **EQ/CLEARBRIDGE LARGE CAP**<br>**GROWTH ESG\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $1513361 | $2701496 | $(3108696) | $1145741 | $(2117076) | $(2352365) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 21086541 | 11629597 | 87138737 | 52744814 | 49622249 | 22959546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (9077179) | 818406 | (24332257) | 32353815 | (38312796) | 19339982 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 13522723 | 15149499 | 59697784 | 86244370 | 9192377 | 39947163 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 7350056 | 8227015 | 9241135 | 9703001 | 3531404 | 3823763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (1525594) | (1727696) | (5117565) | (7253977) | (5044206) | (6979529) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (51497969) | (23070214) | (70598836) | (35770592) | (38524388) | (18932257) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (1242926) | (1278841) | (65564) | (69772) | (26008) | (30087) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (46916433) | (17849736) | (66540830) | (33391340) | (40063198) | (22118110) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 1993 | 26569 | 293 | (2962) | 34 | (92) |
|  **Net Increase (Decrease) in Net Assets** | (33391717) | (2673668) | (6842753) | 52850068 | (30870787) | 17828961 |
|  **Net Assets — Beginning of Year** | 197698678 | 200372346 | 371295904 | 318445836 | 184275452 | 166446491 |
|  **Net Assets — End of Year** | $164306961 | $197698678 | $364453151 | $371295904 | $153404665 | $184275452 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/CLEARBRIDGE SELECT**<br>**EQUITY MANAGED**<br>**VOLATILITY\*** | **EQ/CLEARBRIDGE SELECT**<br>**EQUITY MANAGED**<br>**VOLATILITY\*** | **EQ/COMMON STOCK INDEX\*** | **EQ/COMMON STOCK INDEX\*** | **EQ/CONSERVATIVE**<br>**ALLOCATION\*** | **EQ/CONSERVATIVE**<br>**ALLOCATION\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(515311) | $(481878) | $(14734169) | $(10837407) | $730871 | $1506692 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 9267366 | 2354106 | 580319860 | 294346488 | 2731738 | 2135284 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (6743642) | 7935608 | (227131120) | 273457124 | (76912) | (814721) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 2008413 | 9807836 | 338454571 | 556966205 | 3385697 | 2827255 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 2540262 | 3565091 | 52614761 | 58180132 | 3994946 | 4978570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (2034263) | (1037184) | (34224580) | (29170633) | (408675) | (1153205) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (15187896) | (6381769) | (790906348) | (326902223) | (39822394) | (10303644) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (17802) | (35195) | (686641) | (827067) | (91802) | (120835) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustments to net assets allocated to contracts in payout period |  |  | 405918 | (485381) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (14699699) | (3889057) | (772796890) | (299205172) | (36327925) | (6599114) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 12 | 710 | (1280735) | 495315 | 10 | (1482) |
|  **Net Increase (Decrease) in Net Assets** | (12691274) | 5919489 | (435623054) | 258256348 | (32942218) | (3773341) |
|  **Net Assets — Beginning of Year** | 54471526 | 48552037 | 2924891256 | 2666634908 | 82678763 | 86452104 |
|  **Net Assets — End of Year** | $41780252 | $54471526 | $2489268202 | $2924891256 | $49736545 | $82678763 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/CONSERVATIVE**<br>**GROWTH STRATEGY\*** | **EQ/CONSERVATIVE**<br>**GROWTH STRATEGY\*** | **EQ/CONSERVATIVE**<br>**STRATEGY\*** | **EQ/CONSERVATIVE**<br>**STRATEGY\*** | **EQ/CONSERVATIVE-PLUS**<br>**ALLOCATION\*** | **EQ/CONSERVATIVE-PLUS**<br>**ALLOCATION\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $281536 | $686363 | $183553 | $257096 | $1275049 | $3039266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 3197779 | 1958964 | 773155 | 334928 | 11119859 | 9848312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (1451442) | (102682) | (261233) | (79530) | (2522480) | (1418637) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 2027873 | 2542645 | 695475 | 512494 | 9872428 | 11468941 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 1986185 | 3159786 | 644661 | 1007689 | 8641060 | 13526911 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (58184) | 676877 | 736932 | (268409) | (2963078) | (4874935) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (19523774) | (3904593) | (5144893) | (2117421) | (92082963) | (22987241) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (129782) | (140400) | (57045) | (60885) | (197958) | (263951) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (17725555) | (208330) | (3820345) | (1439026) | (86602939) | (14599216) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 3 | 159 |  | 174 | 30 | 3921 |
|  **Net Increase (Decrease) in Net Assets** | (15697679) | 2334474 | (3124870) | (926358) | (76730481) | (3126354) |
|  **Net Assets — Beginning of Year** | 42437618 | 40103144 | 13482010 | 14408368 | 202512564 | 205638918 |
|  **Net Assets — End of Year** | $26739939 | $42437618 | $10357140 | $13482010 | $125782083 | $202512564 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/CORE BOND INDEX\*** | **EQ/CORE BOND INDEX\*** | **EQ/CORE PLUS BOND\*** | **EQ/CORE PLUS BOND\*** | **EQ/EMERGING MARKETS**<br>**EQUITY PLUS\*** | **EQ/EMERGING MARKETS**<br>**EQUITY PLUS\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $1650392 | $1824411 | $3425683 | $4329696 | $215188 | $331515 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 3020458 | 295510 | (1632572) | (575096) | 3834579 | 577940 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | 1330481 | (519970) | 5151896 | (5879919) | 3936006 | 29943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 6001331 | 1599951 | 6945007 | (2125319) | 7985773 | 939398 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 10654948 | 13320783 | 7210440 | 8278787 | 2877669 | 4167387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | 6206899 | 9659092 | 3380389 | 1742564 | 307962 | (1054298) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (60068710) | (14822052) | (36504277) | (13220729) | (16206954) | (3225436) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (57389) | (68001) | (49264) | (59116) | (11558) | (15848) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustments to net assets allocated to contracts in payout period |  |  | 5882 | 13437 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (43264252) | 8089822 | (25956830) | (3245057) | (13032881) | (128195) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 1 | 664 | 963 | (12478) | 8 | 1624 |
|  **Net Increase (Decrease) in Net Assets** | (37262920) | 9690437 | (19010860) | (5382854) | (5047100) | 812827 |
|  **Net Assets — Beginning of Year** | 139843552 | 130153115 | 110558607 | 115941461 | 34188236 | 33375409 |
|  **Net Assets — End of Year** | $102580632 | $139843552 | $91547747 | $110558607 | $29141136 | $34188236 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/EQUITY 500 INDEX\*** | **EQ/EQUITY 500 INDEX\*** | **EQ/FIDELITY INSTITUTIONAL**<br>**AM<sup>®</sup> LARGE CAP\*** | **EQ/FIDELITY INSTITUTIONAL**<br>**AM<sup>®</sup> LARGE CAP\*** | **EQ/FRANKLIN RISING**<br>**DIVIDENDS\*** | **EQ/FRANKLIN RISING**<br>**DIVIDENDS\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(22889172) | $(14416002) | $(6192351) | $(6870163) | $(159218) | $(120835) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 918006048 | 249659599 | 186376427 | 87420538 | 4726485 | 1460784 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (421332480) | 595009559 | (94876989) | 84119286 | (1654852) | 1443334 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 473784396 | 830253156 | 85307087 | 164669661 | 2912415 | 2783283 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 298600957 | 377598305 | 39840611 | 49588231 | 2266619 | 2385125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | 28930298 | 31139564 | 10014498 | (10186207) | (485697) | (772749) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (1889933971) | (344326500) | (376589919) | (77320296) | (5985540) | (2419183) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (1876745) | (2425404) | (165247) | (239261) | (991) | (1041) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustments to net assets allocated to contracts in payout period | (250227) | (956570) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (1564529688) | 61029395 | (326900057) | (38157533) | (4205609) | (807848) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 384618 | 1189742 | 593 | (11550) | (1) | 3625 |
|  **Net Increase (Decrease) in Net Assets** | (1090360674) | 892472293 | (241592377) | 126500578 | (1293195) | 1979060 |
|  **Net Assets — Beginning of Year** | 4496726768 | 3604254475 | 852739565 | 726238987 | 31233802 | 29254742 |
|  **Net Assets — End of Year** | $3406366094 | $4496726768 | $611147188 | $852739565 | $29940607 | $31233802 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/FRANKLIN SMALL CAP**<br>**VALUE MANAGED VOLATILITY\*** | **EQ/FRANKLIN SMALL CAP**<br>**VALUE MANAGED VOLATILITY\*** | **EQ/GLOBAL EQUITY**<br>**MANAGED VOLATILITY\*** | **EQ/GLOBAL EQUITY**<br>**MANAGED VOLATILITY\*** | **EQ/GOLDMAN SACHS**<br>**MID CAP VALUE\*** | **EQ/GOLDMAN SACHS**<br>**MID CAP VALUE\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(75059) | $(2914) | $(1914850) | $(197610) | $(249602) | $(401719) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 1262196 | 2410513 | 57038653 | 51183053 | 11717218 | 6360336 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (599192) | (276254) | 3395190 | (8218683) | (6567839) | 3657020 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 587945 | 2131345 | 58518993 | 42766760 | 4899777 | 9615637 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 1165653 | 1543258 | 12793799 | 15434110 | 7441756 | 7871715 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (556434) | (192128) | (8429859) | (9091145) | 415763 | (50389) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (6485543) | (2172474) | (94698383) | (36672080) | (38361679) | (9781096) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (6326) | (8166) | (100591) | (119846) | (22802) | (30113) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (5882650) | (829510) | (90435034) | (30448961) | (30526962) | (1989883) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 9 | (1143) | 148 | 1680 | 4 | 498 |
|  **Net Increase (Decrease) in Net Assets** | (5294696) | 1300692 | (31915893) | 12319479 | (25627181) | 7626252 |
|  **Net Assets — Beginning of Year** | 23900738 | 22600046 | 399748340 | 387428861 | 99059555 | 91433303 |
|  **Net Assets — End of Year** | $18606042 | $23900738 | $367832447 | $399748340 | $73432374 | $99059555 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/GROWTH STRATEGY\*** | **EQ/GROWTH STRATEGY\*** | **EQ/INTERMEDIATE<br>GOVERNMENT BOND\*** | **EQ/INTERMEDIATE<br>GOVERNMENT BOND\*** | **EQ/INTERNATIONAL CORE**<br>**MANAGED VOLATILITY\*** | **EQ/INTERNATIONAL CORE**<br>**MANAGED VOLATILITY\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $9781 | $22460 | $610820 | $503515 | $(120438) | $1504081 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 263430 | 96357 | 414792 | (4294) | 25243110 | 11310559 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (115174) | 61971 | 529245 | (35700) | 8716619 | (9217273) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 158037 | 180788 | 1554857 | 463521 | 33839291 | 3597367 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners |  |  | 1772776 | 2416947 | 7106901 | 8921439 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net |  |  | 1039251 | 490304 | (3317172) | (2952659) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (337237) | (22109) | (8994676) | (5840570) | (58739560) | (14854021) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (25) |  | (16843) | (18670) | (40523) | (49919) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustments to net assets allocated to contracts in payout period |  |  | 3866 | 7105 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (337262) | (22109) | (6195626) | (2944884) | (54990354) | (8935160) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | (6) |  | (573) | (10027) | 13 | 863 |
|  **Net Increase (Decrease) in Net Assets** | (179231) | 158679 | (4641342) | (2491390) | (21151050) | (5336930) |
|  **Net Assets — Beginning of Year** | 1805998 | 1647319 | 39170455 | 41661845 | 163074113 | 168411043 |
|  **Net Assets — End of Year** | $1626767 | $1805998 | $34529113 | $39170455 | $141923063 | $163074113 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/INTERNATIONAL**<br>**EQUITY INDEX\*** | **EQ/INTERNATIONAL**<br>**EQUITY INDEX\*** | **EQ/INTERNATIONAL**<br>**MANAGED VOLATILITY\*** | **EQ/INTERNATIONAL**<br>**MANAGED VOLATILITY\*** | **EQ/INTERNATIONAL VALUE**<br>**MANAGED VOLATILITY\*** | **EQ/INTERNATIONAL VALUE**<br>**MANAGED VOLATILITY\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $10539405 | $9057480 | $108701 | $286224 | $1443703 | $1820438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 82598268 | 12417675 | 3015441 | 841141 | 20792633 | 12498863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | 44603971 | (4221336) | 854314 | (832428) | 15447415 | (13764435) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 137741644 | 17253819 | 3978456 | 294937 | 37683751 | 554866 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 38935397 | 48977838 | 1339199 | 2031643 | 6880232 | 7853624 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (304340) | 9450262 | 414205 | (105047) | (2712107) | (3174315) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (181894932) | (46343730) | (10002317) | (2080074) | (33586022) | (14911697) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (281208) | (351586) | (6295) | (8201) | (42628) | (49523) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustments to net assets allocated to contracts in payout period | (159917) | 66362 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (143705000) | 11799146 | (8255208) | (161679) | (29460525) | (10281911) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 197408 | (68349) | 3 | 507 | 14 | 2204 |
|  **Net Increase (Decrease) in Net Assets** | (5765948) | 28984616 | (4276749) | 133765 | 8223240 | (9724841) |
|  **Net Assets — Beginning of Year** | 517987617 | 489003001 | 20060567 | 19926802 | 162828491 | 172553332 |
|  **Net Assets — End of Year** | $512221669 | $517987617 | $15783818 | $20060567 | $171051731 | $162828491 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/INVESCO COMSTOCK\*** | **EQ/INVESCO COMSTOCK\*** | **EQ/INVESCO GLOBAL\*** | **EQ/INVESCO GLOBAL\*** | **EQ/INVESCO GLOBAL**<br>**REAL ASSETS\*** | **EQ/INVESCO GLOBAL**<br>**REAL ASSETS\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(159838) | $328851 | $(3601278) | $(4513925) | $842846 | $1119523 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 18016791 | 17439162 | 92524550 | 31576820 | 9313954 | 636322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | 1426111 | 2340287 | (54819134) | 21116317 | 2463628 | (2576610) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 19283064 | 20108300 | 34104138 | 48179212 | 12620428 | (820765) |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 7349659 | 8721578 | 24439958 | 31172542 | 5589814 | 7743433 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | 2227344 | (1423685) | (2598873) | (4703666) | (1658315) | (2262864) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (56436153) | (15476753) | (178258150) | (32505050) | (40921718) | (10300695) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (36055) | (46182) | (112670) | (171138) | (21720) | (31296) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (46895205) | (8225042) | (156529735) | (6207312) | (37011939) | (4851422) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 12 | (842) | 17323 | 7329 | 2 | 459 |
|  **Net Increase (Decrease) in Net Assets** | (27612129) | 11882416 | (122408274) | 41979229 | (24391509) | (5671728) |
|  **Net Assets — Beginning of Year** | 163519859 | 151637443 | 377938234 | 335959005 | 99145448 | 104817176 |
|  **Net Assets — End of Year** | $135907730 | $163519859 | $255529960 | $377938234 | $74753939 | $99145448 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/JANUS ENTERPRISE\*** | **EQ/JANUS ENTERPRISE\*** | **EQ/JPMORGAN**<br>**GROWTH STOCK\*** | **EQ/JPMORGAN**<br>**GROWTH STOCK\*** | **EQ/JPMORGAN VALUE**<br>**OPPORTUNITIES\*** | **EQ/JPMORGAN VALUE**<br>**OPPORTUNITIES\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(6651505) | $(7823383) | $(15719798) | $(17984691) | $(1003138) | $(113021) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 68289593 | 58787576 | 453462195 | 128497727 | 39952399 | 63611968 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (31762756) | 24808361 | (301302534) | 285856445 | 9848872 | (3607669) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 29875332 | 75772554 | 136439863 | 396369481 | 48798133 | 59891278 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 30869395 | 38280050 | 77778666 | 97856226 | 41151012 | 45825072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (9109360) | (11590690) | (33115340) | (25666596) | 9285951 | 3300115 |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (218059158) | (56584773) | (623603897) | (125956556) | (171243592) | (43038381) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (149211) | (202452) | (395647) | (544789) | (145416) | (184479) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (196448334) | (30097865) | (579336218) | (54311715) | (120952045) | 5902327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 82 | 4981 | 335 | (4527) | 548 | 3920 |
|  **Net Increase (Decrease) in Net Assets** | (166572920) | 45679670 | (442896020) | 342053239 | (72153364) | 65797525 |
|  **Net Assets — Beginning of Year** | 647448917 | 601769247 | 1591871003 | 1249817764 | 487265137 | 421467612 |
|  **Net Assets — End of Year** | $480875997 | $647448917 | $1148974983 | $1591871003 | $415111773 | $487265137 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/LARGE CAP CORE**<br>**MANAGED VOLATILITY\*** | **EQ/LARGE CAP CORE**<br>**MANAGED VOLATILITY\*** | **EQ/LARGE CAP**<br>**GROWTH INDEX\*** | **EQ/LARGE CAP**<br>**GROWTH INDEX\*** | **EQ/LARGE CAP GROWTH**<br>**MANAGED VOLATILITY\*** | **EQ/LARGE CAP GROWTH**<br>**MANAGED VOLATILITY\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(227214) | $(125852) | $(8692735) | $(9160755) | $(12485870) | $(10326066) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 5756119 | 9273418 | 220854106 | 93115737 | 241578949 | 161366873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (2481603) | (259746) | (121251924) | 118725872 | (143780040) | 110883425 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 3047302 | 8887820 | 90909447 | 202680854 | 85313039 | 261924232 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 1419414 | 1739609 | 49811610 | 56550124 | 20165336 | 22098691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (775762) | (142250) | 3882508 | 11886035 | (22912521) | (21905229) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (13377854) | (4557054) | (338651572) | (71411040) | (200922852) | (94877211) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (14278) | (17352) | (303277) | (389639) | (251588) | (287781) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (12748480) | (2977047) | (285260731) | (3364520) | (203921625) | (94971530) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 22 | 598 | 421 | (35239) | 720 | 2978 |
|  **Net Increase (Decrease) in Net Assets** | (9701156) | 5911371 | (194350863) | 199281095 | (118607866) | 166955680 |
|  **Net Assets — Beginning of Year** | 46911613 | 41000242 | 859650959 | 660369864 | 1128001544 | 961045864 |
|  **Net Assets — End of Year** | $37210457 | $46911613 | $665300096 | $859650959 | $1009393678 | $1128001544 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/LARGE CAP VALUE<br>INDEX\*** | **EQ/LARGE CAP VALUE<br>INDEX\*** | **EQ/LARGE CAP VALUE**<br>**MANAGED VOLATILITY\*** | **EQ/LARGE CAP VALUE**<br>**MANAGED VOLATILITY\*** | **EQ/LAZARD EMERGING**<br>**MARKETS EQUITY\*** | **EQ/LAZARD EMERGING**<br>**MARKETS EQUITY\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(280828) | $638558 | $(53810) | $1950748 | $5190547 | $7997035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 25797922 | 15512173 | 83905777 | 95232258 | 52505859 | 18822228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (5521274) | 6588493 | (16767884) | 6675854 | 25289823 | (9767989) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 19995820 | 22739224 | 67084083 | 103858860 | 82986229 | 17051274 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 15796905 | 20282568 | 20829175 | 21763416 | 16278785 | 22725508 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | 2869052 | 4811238 | (12221209) | (14549119) | (1527234) | (7821896) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (94955832) | (19050429) | (147073555) | (84645626) | (147194688) | (25444688) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (97994) | (119308) | (218220) | (253537) | (63666) | (89318) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustments to net assets allocated to contracts in payout period |  |  | 239385 | (39825) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (76387869) | 5924069 | (138444424) | (77724691) | (132506803) | (10630394) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | (2) | 185 | (239351) | 31706 | 11 | (739) |
|  **Net Increase (Decrease) in Net Assets** | (56392051) | 28663478 | (71599692) | 26165875 | (49520563) | 6420141 |
|  **Net Assets — Beginning of Year** | 212572544 | 183909066 | 865793809 | 839627934 | 284628680 | 278208539 |
|  **Net Assets — End of Year** | $156180493 | $212572544 | $794194117 | $865793809 | $235108117 | $284628680 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/LOOMIS SAYLES<br>GROWTH\*** | **EQ/LOOMIS SAYLES<br>GROWTH\*** | **EQ/MFS**<br>**INTERNATIONAL GROWTH\*** | **EQ/MFS**<br>**INTERNATIONAL GROWTH\*** | **EQ/MFS**<br>**INTERNATIONAL<br>INTRINSIC VALUE\*** | **EQ/MFS**<br>**INTERNATIONAL<br>INTRINSIC VALUE\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(1699956) | $(1672920) | $(1437180) | $(1843702) | $(827615) | $2034543 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 32510178 | 34153229 | 68439418 | 29875172 | 147184221 | 64362903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (16070912) | 5607779 | 1813366 | 1541428 | 53297354 | (22073297) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 14739310 | 38088088 | 68815604 | 29572898 | 199653960 | 44324149 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 7467144 | 6580786 | 27978733 | 37370280 | 50733040 | 68774869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | 1384638 | (3535172) | (688065) | (3425837) | (12861771) | (17205225) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (35752454) | (16450233) | (211474856) | (36067785) | (413835855) | (69345364) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (35168) | (34569) | (132753) | (197321) | (208139) | (309065) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (26935840) | (13439188) | (184316941) | (2320663) | (376172725) | (18084785) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 145 | (2120) | 129 | 1619 | 146 | 4952 |
|  **Net Increase (Decrease) in Net Assets** | (12196385) | 24646780 | (115501208) | 27253854 | (176518619) | 26244316 |
|  **Net Assets — Beginning of Year** | 150070586 | 125423806 | 416703916 | 389450062 | 792764791 | 766520475 |
|  **Net Assets — End of Year** | $137874201 | $150070586 | $301202708 | $416703916 | $616246172 | $792764791 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/MFS MID CAP**<br>**FOCUSED GROWTH\*** | **EQ/MFS MID CAP**<br>**FOCUSED GROWTH\*** | **EQ/MFS TECHNOLOGY\*** | **EQ/MFS TECHNOLOGY\*** | **EQ/MFS UTILITIES SERIES\*** | **EQ/MFS UTILITIES SERIES\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(3557481) | $(4131870) | $(6309053) | $(6894884) | $947801 | $422409 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 79985576 | 40071129 | 182637032 | 107448704 | 12083381 | 2272986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (59691147) | 4728613 | (118524313) | 62646731 | 1762231 | 10923067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 16736948 | 40667872 | 57803666 | 163200551 | 14793413 | 13618462 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 24858053 | 29407607 | 50935374 | 56435930 | 7737030 | 10162332 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | 2151606 | 2047606 | 5785771 | 22389662 | 58864 | (4826340) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (149422987) | (29809886) | (282381792) | (42337639) | (72096577) | (14098744) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (93326) | (129468) | (198258) | (244965) | (35704) | (50902) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (122506654) | 1515859 | (225858905) | 36242988 | (64336387) | (8813654) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 8894 | 4938 | 12880 | 12328 | 1290 | 2054 |
|  **Net Increase (Decrease) in Net Assets** | (105760812) | 42188669 | (168042359) | 199455867 | (49541684) | 4806862 |
|  **Net Assets — Beginning of Year** | 351321641 | 309132972 | 660933070 | 461477203 | 144341799 | 139534937 |
|  **Net Assets — End of Year** | $245560829 | $351321641 | $492890711 | $660933070 | $94800115 | $144341799 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/MID CAP INDEX\*** | **EQ/MID CAP INDEX\*** | **EQ/MID CAP VALUE**<br>**MANAGED VOLATILITY\*** | **EQ/MID CAP VALUE**<br>**MANAGED VOLATILITY\*** | **EQ/MODERATE ALLOCATION\*** | **EQ/MODERATE ALLOCATION\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(4870487) | $(4082791) | $(870303) | $278381 | $13674829 | $25727812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 102927587 | 99638725 | 20488929 | 60700424 | 111677166 | 75349651 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (65145528) | 35793956 | (8591330) | (12765124) | (26805788) | 1992138 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 32911572 | 131349890 | 11027296 | 48213681 | 98546207 | 103069601 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 75133737 | 99131039 | 13051412 | 15343361 | 58300755 | 78929700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | 25230404 | (4608023) | (7770405) | (9759590) | (17580132) | (21335213) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (445274196) | (97860733) | (90724235) | (44627680) | (566920872) | (169435546) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (417462) | (582475) | (117443) | (148545) | (1045766) | (1369269) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustments to net assets allocated to contracts in payout period |  |  |  |  | 55142 | 233041 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (345327517) | (3920192) | (85560671) | (39192454) | (527190873) | (112977287) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 202 | (2783) | 12 | 435 | 679676 | 1114698 |
|  **Net Increase (Decrease) in Net Assets** | (312415743) | 127426915 | (74533363) | 9021662 | (427964990) | (8792988) |
|  **Net Assets — Beginning of Year** | 1234294278 | 1106867363 | 494580257 | 485558595 | 1523282248 | 1532075236 |
|  **Net Assets — End of Year** | $921878535 | $1234294278 | $420046894 | $494580257 | $1095317258 | $1523282248 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/MODERATE GROWTH STRATEGY\*** | **EQ/MODERATE GROWTH STRATEGY\*** | **EQ/MODERATE-PLUS**<br>**ALLOCATION\*** | **EQ/MODERATE-PLUS**<br>**ALLOCATION\*** | **EQ/MONEY MARKET\*** | **EQ/MONEY MARKET\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $707687 | $2127946 | $4415368 | $16257542 | $2883877 | $4241412 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 13699554 | 10990681 | 137069041 | 96674455 | (19456) | 34444 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (6250128) | (62246) | (50052085) | 11485963 | (24911) | (15887) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 8157113 | 13056381 | 91432324 | 124417960 | 2839510 | 4259969 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 12308196 | 16790521 | 59299745 | 79663940 | 79283983 | 119675101 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (2033192) | (3689990) | (25326264) | (32090326) | (45308921) | (76285563) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (71006026) | (11484645) | (541544775) | (129050875) | (61284087) | (37549835) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (101225) | (153897) | (890184) | (1156229) | (70289) | (81267) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustments to net assets allocated to contracts in payout period |  |  |  |  | 10726 | 18034 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (60832247) | 1461989 | (508461478) | (82633490) | (27368588) | 5776470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 43 | 218 | 1606 | 2615 | 2993223 | 42256 |
|  **Net Increase (Decrease) in Net Assets** | (52675091) | 14518588 | (417027548) | 41787085 | (21535855) | 10078695 |
|  **Net Assets — Beginning of Year** | 150926909 | 136408321 | 1388909293 | 1347122208 | 121945890 | 111867195 |
|  **Net Assets — End of Year** | $98251818 | $150926909 | $971881745 | $1388909293 | $100410035 | $121945890 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/MORGAN STANLEY<br>SMALL CAP GROWTH\*** | **EQ/MORGAN STANLEY<br>SMALL CAP GROWTH\*** | **EQ/PIMCO GLOBAL**<br>**REAL RETURN\*** | **EQ/PIMCO GLOBAL**<br>**REAL RETURN\*** | **EQ/PIMCO ULTRA SHORT<br>BOND\*** | **EQ/PIMCO ULTRA SHORT<br>BOND\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(842900) | $(1018196) | $3648 | $(375181) | $1521371 | $2425276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 15111286 | 3543782 | 283191 | (294133) | 1323605 | 433922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (9551642) | 12538643 | 1582244 | (202666) | (823677) | 418405 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 4716744 | 15064229 | 1869083 | (871980) | 2021299 | 3277603 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 5213423 | 4758207 | 5541636 | 6939128 | 3809258 | 4476090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (793723) | (2978430) | (19616) | (441646) | 1808198 | 3635632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (13786256) | (7336946) | (27798134) | (8676225) | (25305484) | (9513101) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (23196) | (23614) | (20844) | (29315) | (22903) | (29292) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (9389752) | (5580783) | (22296958) | (2208058) | (19710931) | (1430671) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 529 | (918) | 1 | 470 | (2) | 101 |
|  **Net Increase (Decrease) in Net Assets** | (4672479) | 9482528 | (20427874) | (3079568) | (17689634) | 1847033 |
|  **Net Assets — Beginning of Year** | 92745592 | 83263064 | 58020378 | 61099946 | 74248288 | 72401255 |
|  **Net Assets — End of Year** | $88073113 | $92745592 | $37592504 | $58020378 | $56558654 | $74248288 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/QUALITY BOND PLUS\*** | **EQ/QUALITY BOND PLUS\*** | **EQ/SMALL COMPANY**<br>**INDEX\*** | **EQ/SMALL COMPANY**<br>**INDEX\*** | **EQ/VALUE EQUITY\*** | **EQ/VALUE EQUITY\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $1025384 | $1014817 | $(2285267) | $458963 | $(65708) | $(2746883) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 304273 | (109087) | 27978327 | 46617212 | 103023362 | 55357350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | 1234781 | (606810) | 9095927 | 6094292 | (41353856) | (301920) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 2564438 | 298920 | 34788987 | 53170467 | 61603798 | 52308547 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 2609443 | 3150250 | 41699881 | 56122721 | 31660999 | 41684961 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | 621988 | 931918 | 6492317 | (1044448) | (18012356) | (26926307) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (14202738) | (6606723) | (211476152) | (42859763) | (312196332) | (84526288) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (21225) | (25625) | (243613) | (325119) | (190656) | (283311) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustments to net assets allocated to contracts in payout period | 8291 | 13815 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (10984241) | (2536365) | (163527567) | 11893391 | (298738345) | (70050945) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 3646 | (13267) | 77 | 4698 | 152 | 6307 |
|  **Net Increase (Decrease) in Net Assets** | (8416157) | (2250712) | (128738503) | 65068556 | (237134395) | (17736091) |
|  **Net Assets — Beginning of Year** | 57793317 | 60044029 | 592914312 | 527845756 | 866077912 | 883814003 |
|  **Net Assets — End of Year** | $49377160 | $57793317 | $464175809 | $592914312 | $628943517 | $866077912 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQ/WELLINGTON ENERGY\*** | **EQ/WELLINGTON ENERGY\*** | **EQUITABLE**<br>**CONSERVATIVE**<br>**GROWTH MF/ETF\*** | **EQUITABLE**<br>**CONSERVATIVE**<br>**GROWTH MF/ETF\*** | **EQUITABLE GROWTH<br>MF/ETF\*** | **EQUITABLE GROWTH<br>MF/ETF\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $601900 | $1118368 | $210515 | $376553 | $6173 | $5874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 4520080 | 3243656 | 2004973 | 586226 | 512628 | 72674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | 670783 | (638660) | (885377) | 283487 | (14689) | 282810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 5792763 | 3723364 | 1330111 | 1246266 | 504112 | 361358 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 4955634 | 6075322 | 2016633 | 2100713 | 736490 | 983241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (1697003) | (3953238) | 555946 | (1143924) | 627157 | 836523 |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (26916307) | (6927454) | (13395599) | (2628601) | (1589659) | (202656) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (17173) | (24485) | (8732) | (15474) | (4163) | (3745) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (23674849) | (4829855) | (10831752) | (1687286) | (230175) | 1613363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 5 | 12314 |  | 993 |  | 111 |
|  **Net Increase (Decrease) in Net Assets** | (17882081) | (1094177) | (9501641) | (440027) | 273937 | 1974832 |
|  **Net Assets — Beginning of Year** | 70539023 | 71633200 | 20353961 | 20793988 | 4321645 | 2346813 |
|  **Net Assets — End of Year** | $52656942 | $70539023 | $10852320 | $20353961 | $4595582 | $4321645 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **EQUITABLE MODERATE**<br>**GROWTH MF/ETF\*** | **EQUITABLE MODERATE**<br>**GROWTH MF/ETF\*** | **FIDELITY<sup>®</sup> VIP EQUITY-**<br>**INCOME PORTFOLIO** | **FIDELITY<sup>®</sup> VIP EQUITY-**<br>**INCOME PORTFOLIO** | **FIDELITY<sup>®</sup> VIP INVESTMENT**<br>**GRADE BOND PORTFOLIO** | **FIDELITY<sup>®</sup> VIP INVESTMENT**<br>**GRADE BOND PORTFOLIO** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $31771 | $22213 | $110060 | $238028 | $2141240 | $3081792 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 168784 | 68369 | 6049389 | 3472220 | 567742 | 35147 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | 72790 | 58265 | (529968) | 1510404 | 3397401 | (2689776) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 273345 | 148847 | 5629481 | 5220652 | 6106383 | 427163 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 655898 | 734407 | 4313510 | 5048147 | 17992739 | 27308371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | 109974 | (172111) | 372578 | 1670744 | 8637280 | 27483093 |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (546397) | (288620) | (22680116) | (3531301) | (84742285) | (9066640) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (2858) | (2243) | (16965) | (21274) | (142674) | (192348) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | 216617 | 271433 | (18010993) | 3166316 | (58254940) | 45532476 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A |  |  | 20 | 24 | (1) | 395 |
|  **Net Increase (Decrease) in Net Assets** | 489962 | 420280 | (12381492) | 8386992 | (52148558) | 45960034 |
|  **Net Assets — Beginning of Year** | 2377297 | 1957017 | 45388606 | 37001614 | 146381564 | 100421530 |
|  **Net Assets — End of Year** | $2867259 | $2377297 | $33007114 | $45388606 | $94233006 | $146381564 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **FIDELITY<sup>®</sup> VIP MID CAP**<br>**PORTFOLIO** | **FIDELITY<sup>®</sup> VIP MID CAP**<br>**PORTFOLIO** | **INVESCO V.I. DIVERSIFIED**<br>**DIVIDEND FUND** | **INVESCO V.I. DIVERSIFIED**<br>**DIVIDEND FUND** | **MFS<sup>®</sup> MASSACHUSETTS**<br>**INVESTORS GROWTH**<br>**STOCK PORTFOLIO** | **MFS<sup>®</sup> MASSACHUSETTS**<br>**INVESTORS GROWTH**<br>**STOCK PORTFOLIO** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(984286) | $(1157130) | $118385 | $623818 | $(639946) | $(702589) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 10093810 | 22090012 | 10468131 | 4504397 | 12676185 | 7993653 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (5296234) | (936592) | (1813029) | 5372788 | (8338223) | 1866472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 3813290 | 19996290 | 8773487 | 10501003 | 3698016 | 9157536 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 11099530 | 15992881 | 6555403 | 9282212 | 5726820 | 6765574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (968221) | (628278) | (2335972) | (3435289) | (2868729) | (1419793) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (91047077) | (9939567) | (47772725) | (8022778) | (26315043) | (5688666) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (50043) | (78176) | (38939) | (57514) | (26458) | (33672) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (80965811) | 5346860 | (43592233) | (2233369) | (23483410) | (376557) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 27 | 2535 | 2 | 1298 | 179 | 1106 |
|  **Net Increase (Decrease) in Net Assets** | (77152494) | 25345685 | (34818744) | 8268932 | (19785215) | 8782085 |
|  **Net Assets — Beginning of Year** | 150291976 | 124946291 | 97749071 | 89480139 | 70808325 | 62026240 |
|  **Net Assets — End of Year** | $73139482 | $150291976 | $62930327 | $97749071 | $51023110 | $70808325 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **MULTIMANAGER**<br>**AGGRESSIVE EQUITY\*** | **MULTIMANAGER**<br>**AGGRESSIVE EQUITY\*** | **MULTIMANAGER**<br>**CORE BOND\*** | **MULTIMANAGER**<br>**CORE BOND\*** | **MULTIMANAGER**<br>**TECHNOLOGY\*** | **MULTIMANAGER**<br>**TECHNOLOGY\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(5802170) | $(4398751) | $1634089 | $2106732 | $(5458569) | $(5694891) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 263478591 | 155159289 | 3513 | (105159) | 115359463 | 77289858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (148035974) | 70377608 | 2322756 | (1279293) | (23023271) | 25249067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 109640447 | 221138146 | 3960358 | 722280 | 86877623 | 96844034 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 10453806 | 12224677 | 4205630 | 5681480 | 20411512 | 26120916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (12559612) | (8958524) | 433264 | 1566624 | (2357176) | (5365853) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (213826281) | (98260501) | (35992788) | (11594496) | (144886119) | (39363937) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (258384) | (292008) | (36202) | (46750) | (143826) | (174175) |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustments to net assets allocated to contracts in payout period | (22544) | (16159) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (216213015) | (95302515) | (31390096) | (4393142) | (126975609) | (18783049) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 1878680 | (32983) | 3 | 105 | (113) | (23636) |
|  **Net Increase (Decrease) in Net Assets** | (104693888) | 125802648 | (27429735) | (3670757) | (40098099) | 78037349 |
|  **Net Assets — Beginning of Year** | 906818085 | 781015437 | 87693156 | 91363913 | 479050951 | 401013602 |
|  **Net Assets — End of Year** | $802124197 | $906818085 | $60263421 | $87693156 | $438952852 | $479050951 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **NOMURA VIP HIGH**<br>**INCOME SERIES** | **NOMURA VIP HIGH**<br>**INCOME SERIES** | **PIMCO<br>COMMODITYREALRETURN<sup>®</sup><br>STRATEGY PORTFOLIO** | **PIMCO<br>COMMODITYREALRETURN<sup>®</sup><br>STRATEGY PORTFOLIO** | **TARGET 2015<br>ALLOCATION\*** | **TARGET 2015<br>ALLOCATION\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $18677092 | $17186561 | $107840 | $119785 | $219905 | $316505 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | (8342401) | 1074362 | (405855) | (380692) | 69004 | 871744 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | 2143940 | (2535212) | 1852429 | 628087 | 574976 | (704962) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 12478631 | 15725711 | 1554414 | 367180 | 863885 | 483287 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 23200268 | 31290548 | 915469 | 1322293 | 330733 | 521305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | (2339883) | 2722432 | (379754) | (629027) | 229898 | 379904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (152656046) | (34901979) | (6696751) | (1383636) | (5373943) | (2052337) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (104366) | (147738) | (4866) | (6485) | (4641) | (6413) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (131900027) | (1036737) | (6165902) | (696855) | (4817953) | (1157541) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 4 | (646) | 1 | 304 |  | 118 |
|  **Net Increase (Decrease) in Net Assets** | (119421392) | 14688328 | (4611487) | (329371) | (3954068) | (674136) |
|  **Net Assets — Beginning of Year** | 331546548 | 316858220 | 12856182 | 13185553 | 13138973 | 13813109 |
|  **Net Assets — End of Year** | $212125156 | $331546548 | $8244695 | $12856182 | $9184905 | $13138973 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **TARGET 2025**<br>**ALLOCATION\*** | **TARGET 2025**<br>**ALLOCATION\*** | **TARGET 2035**<br>**ALLOCATION\*** | **TARGET 2035**<br>**ALLOCATION\*** | **TARGET 2045**<br>**ALLOCATION\*** | **TARGET 2045**<br>**ALLOCATION\*** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $1048653 | $1320907 | $1561389 | $1885049 | $932944 | $1329007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 8048812 | 8336891 | 27034810 | 8217772 | 31908153 | 6126270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (489001) | (2357059) | (5042468) | 8852500 | (9229751) | 13377572 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 8608464 | 7300739 | 23553731 | 18955321 | 23611346 | 20832849 |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 5256212 | 7696805 | 18259289 | 21675318 | 16793663 | 22166744 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | 811763 | (2698098) | 2769828 | (2972135) | (5087816) | 169735 |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (39626789) | (16210535) | (75897296) | (12877310) | (78910477) | (9785129) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (26111) | (36027) | (64833) | (86627) | (80933) | (111280) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (33584925) | (11247855) | (54933012) | 5739246 | (67285563) | 12440070 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 19 | 1773 | 27 | (28) | 5064 | 2598 |
|  **Net Increase (Decrease) in Net Assets** | (24976442) | (3945343) | (31379254) | 24694539 | (43669153) | 33275517 |
|  **Net Assets — Beginning of Year** | 96177926 | 100123269 | 206680143 | 181985604 | 206373311 | 173097794 |
|  **Net Assets — End of Year** | $71201484 | $96177926 | $175300889 | $206680143 | $162704158 | $206373311 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **TARGET 2055 ALLOCATION\*** | **TARGET 2055 ALLOCATION\*** | **TEMPLETON GLOBAL**<br>**BOND VIP FUND** | **TEMPLETON GLOBAL**<br>**BOND VIP FUND** | **VANECK VIP GLOBAL<br>RESOURCES FUND** | **VANECK VIP GLOBAL<br>RESOURCES FUND** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **Increase (Decrease) in Net Assets** |  |  |  |  |  |  |
|  **From Operations:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $330176 | $470537 | $(535898) | $(778886) | $224960 | $345753 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) | 19658523 | 3077355 | 58180 | (445844) | 148662 | (228541) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) of investments | (6847706) | 8499739 | 7901539 | (7424508) | 6738992 | (1289459) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from operations | 13140993 | 12047631 | 7423821 | (8649238) | 7112614 | (1172247) |
|  **From Contractowners Transactions:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contractowners | 15054684 | 18375193 | 5075036 | 7746902 | 1737159 | 2045090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between Variable Investment Options including guaranteed interest account, net | 95572 | (1394454) | (691623) | (1214844) | 1619056 | (1340483) |
| &nbsp;&nbsp;&nbsp;&nbsp; Redemptions for contract benefits and terminations | (54807083) | (4654638) | (38240943) | (6556367) | (10243694) | (3226083) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (82017) | (111263) | (20210) | (32415) | (5890) | (8169) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets resulting from contractowners transactions | (39738844) | 12214838 | (33877740) | (56724) | (6893369) | (2529645) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in amount retained by Equitable Financial in Separate Account A | 1 | 639 | 2 | 29 | 575 | 1411 |
|  **Net Increase (Decrease) in Net Assets** | (26597850) | 24263108 | (26453917) | (8705933) | 219820 | (3700481) |
|  **Net Assets — Beginning of Year** | 112361149 | 88098041 | 61420035 | 70125968 | 26391361 | 30091842 |
|  **Net Assets — End of Year** | $85763299 | $112361149 | $34966118 | $61420035 | $26611181 | $26391361 |

---

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

\* Denotes Variable Investment Options that invest in shares of a Portfolio of EQ Advisors Trust, an affiliate of Equitable Financial.

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

The change in units outstanding for the years ended December 31, 2025 and 2024 were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  |<br>**Share Class\*\*** | **Units<br>Issued<br>(000's)** | **Units<br>Redeemed<br>(000's)** | **Net**<br>**Increase**<br>**(Decrease)<br>(000's)** | **Units<br>Issued<br>(000's)** | **Units<br>Redeemed<br>(000's)** | **Net**<br>**Increase**<br>**(Decrease)<br>(000's)** |
|  1290 VT CONVERTIBLE SECURITIES | CLASS IB | 14 | (13) | 1 | 3 | (2) | 1 |
|  1290 VT DOUBLELINE OPPORTUNISTIC BOND | CLASS IB | 248 | (342) | (94) | 41 | (32) | 9 |
|  1290 VT EQUITY INCOME | CLASS IB | 434 | (539) | (105) | 25 | (56) | (31) |
|  1290 VT GAMCO MERGERS & ACQUISITIONS | CLASS IB | 80 | (96) | (16) | 7 | (14) | (7) |
|  1290 VT GAMCO SMALL COMPANY VALUE | CLASS IB | 2841 | (3956) | (1115) | 278 | (361) | (83) |
|  1290 VT HIGH YIELD BOND | CLASS IB | 798 | (603) | 195 | 92 | (50) | 42 |
|  1290 VT MICRO CAP | CLASS IB | 7 | (9) | (2) | 1 | (1) |  |
|  1290 VT SMALL CAP VALUE | CLASS IB | 1012 | (1148) | (136) | 77 | (123) | (46) |
|  1290 VT SMARTBETA EQUITY ESG | CLASS IB | 499 | (655) | (156) | 52 | (73) | (21) |
|  1290 VT SOCIALLY RESPONSIBLE | CLASS IB | 412 | (507) | (95) | 30 | (35) | (5) |
|  AMERICAN FUNDS INSURANCE SERIES<sup>®</sup> THE BOND FUND OF AMERICA<sup>®</sup> | CLASS 4 | 910 | (1270) | (360) | 218 | (168) | 50 |
|  EQ/400 MANAGED VOLATILITY | CLASS IB | 163 | (197) | (34) | 18 | (17) | 1 |
|  EQ/500 MANAGED VOLATILITY | CLASS IB | 212 | (265) | (53) | 35 | (32) | 3 |
|  EQ/2000 MANAGED VOLATILITY | CLASS IB | 82 | (103) | (21) | 15 | (12) | 3 |
|  EQ/AB DYNAMIC MODERATE GROWTH | CLASS IB | 111 | (147) | (36) | 11 | (19) | (8) |
|  EQ/AB SHORT DURATION GOVERNMENT BOND | CLASS IB |  |  |  | 1 | (1) |  |
|  EQ/AB SMALL CAP GROWTH | CLASS IB | 1147 | (1412) | (265) | 127 | (155) | (28) |
|  EQ/AGGRESSIVE ALLOCATION | CLASS IB | 4023 | (5251) | (1228) | 219 | (314) | (95) |
|  EQ/AGGRESSIVE GROWTH STRATEGY | CLASS IB | 596 | (746) | (150) | 64 | (112) | (48) |
|  EQ/ALL ASSET GROWTH ALLOCATION | CLASS IB | 558 | (824) | (266) | 30 | (62) | (32) |
|  EQ/AMERICAN CENTURY MID CAP VALUE | CLASS IB | 885 | (1233) | (348) | 109 | (134) | (25) |
|  EQ/BALANCED STRATEGY | CLASS IB | 1183 | (1446) | (263) | 70 | (169) | (99) |
|  EQ/CAPITAL GROUP RESEARCH | CLASS IB | 703 | (818) | (115) | 30 | (96) | (66) |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  |<br>**Share Class\*\*** | **Units<br>Issued<br>(000's)** | **Units<br>Redeemed<br>(000's)** | **Net**<br>**Increase**<br>**(Decrease)<br>(000's)** | **Units<br>Issued<br>(000's)** | **Units<br>Redeemed<br>(000's)** | **Net**<br>**Increase**<br>**(Decrease)<br>(000's)** |
|  EQ/CLEARBRIDGE LARGE CAP GROWTH ESG | CLASS IB | 427 | (504) | (77) | 22 | (69) | (47) |
|  EQ/CLEARBRIDGE SELECT EQUITY MANAGED VOLATILITY | CLASS IB | 189 | (234) | (45) | 17 | (30) | (13) |
|  EQ/COMMON STOCK INDEX | CLASS IA | 2044 | (2471) | (427) | 55 | (287) | (232) |
|  EQ/COMMON STOCK INDEX | CLASS IB | 812 | (1294) | (482) | 92 | (119) | (27) |
|  EQ/CONSERVATIVE ALLOCATION | CLASS IB | 706 | (959) | (253) | 55 | (104) | (49) |
|  EQ/CONSERVATIVE GROWTH STRATEGY | CLASS IB | 257 | (372) | (115) | 36 | (36) |  |
|  EQ/CONSERVATIVE STRATEGY | CLASS IB | 153 | (186) | (33) | 17 | (28) | (11) |
|  EQ/CONSERVATIVE-PLUS ALLOCATION | CLASS IB | 1353 | (1829) | (476) | 85 | (168) | (83) |
|  EQ/CORE BOND INDEX | CLASS IB | 1344 | (1709) | (365) | 252 | (185) | 67 |
|  EQ/CORE PLUS BOND | CLASS IA | 512 | (547) | (35) | 48 | (67) | (19) |
|  EQ/CORE PLUS BOND | CLASS IB | 421 | (611) | (190) | 69 | (67) | 2 |
|  EQ/EMERGING MARKETS EQUITY PLUS | CLASS IB | 398 | (513) | (115) | 66 | (70) | (4) |
|  EQ/EQUITY 500 INDEX | CLASS IA | 2044 | (2228) | (184) | 161 | (248) | (87) |
|  EQ/EQUITY 500 INDEX | CLASS IB | 3782 | (6418) | (2636) | 917 | (563) | 354 |
|  EQ/FIDELITY INSTITUTIONAL AM<sup>®</sup> LARGE CAP | CLASS IB | 1384 | (2072) | (688) | 165 | (242) | (77) |
|  EQ/FRANKLIN RISING DIVIDENDS | CLASS IB | 138 | (161) | (23) | 15 | (18) | (3) |
|  EQ/FRANKLIN SMALL CAP VALUE MANAGED VOLATILITY | CLASS IB | 114 | (138) | (24) | 12 | (15) | (3) |
|  EQ/GLOBAL EQUITY MANAGED VOLATILITY | CLASS IB | 997 | (1181) | (184) | 44 | (122) | (78) |
|  EQ/GOLDMAN SACHS MID CAP VALUE | CLASS IB | 322 | (424) | (102) | 49 | (54) | (5) |
|  EQ/GROWTH STRATEGY | CLASS IB |  | (2) | (2) |  |  |  |
|  EQ/INTERMEDIATE GOVERNMENT BOND | CLASS IA | 217 | (241) | (24) | 22 | (34) | (12) |
|  EQ/INTERMEDIATE GOVERNMENT BOND | CLASS IB | 122 | (142) | (20) | 17 | (21) | (4) |
|  EQ/INTERNATIONAL CORE MANAGED VOLATILITY | CLASS IB | 1033 | (1321) | (288) | 67 | (118) | (51) |
|  EQ/INTERNATIONAL EQUITY INDEX | CLASS IA | 2285 | (2460) | (175) | 127 | (235) | (108) |
|  EQ/INTERNATIONAL EQUITY INDEX | CLASS IB | 989 | (1573) | (584) | 336 | (129) | 207 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  |<br>**Share Class\*\*** | **Units<br>Issued<br>(000's)** | **Units<br>Redeemed<br>(000's)** | **Net**<br>**Increase**<br>**(Decrease)<br>(000's)** | **Units<br>Issued<br>(000's)** | **Units<br>Redeemed<br>(000's)** | **Net**<br>**Increase**<br>**(Decrease)<br>(000's)** |
|  EQ/INTERNATIONAL MANAGED VOLATILITY | CLASS IB | 135 | (183) | (48) | 19 | (21) | (2) |
|  EQ/INTERNATIONAL VALUE MANAGED VOLATILITY | CLASS IB | 1107 | (1258) | (151) | 57 | (115) | (58) |
|  EQ/INVESCO COMSTOCK | CLASS IB | 497 | (626) | (129) | 45 | (67) | (22) |
|  EQ/INVESCO GLOBAL | CLASS IB | 1222 | (1724) | (502) | 146 | (168) | (22) |
|  EQ/INVESCO GLOBAL REAL ASSETS | CLASS IB | 596 | (783) | (187) | 70 | (97) | (27) |
|  EQ/JANUS ENTERPRISE | CLASS IB | 1416 | (1842) | (426) | 123 | (189) | (66) |
|  EQ/JPMORGAN GROWTH STOCK | CLASS IB | 2489 | (3532) | (1043) | 297 | (411) | (114) |
|  EQ/JPMORGAN VALUE OPPORTUNITIES | CLASS IB | 1093 | (1395) | (302) | 175 | (159) | 16 |
|  EQ/LARGE CAP CORE MANAGED VOLATILITY | CLASS IB | 135 | (168) | (33) | 10 | (18) | (8) |
|  EQ/LARGE CAP GROWTH INDEX | CLASS IB | 1980 | (2564) | (584) | 239 | (246) | (7) |
|  EQ/LARGE CAP GROWTH MANAGED VOLATILITY | CLASS IB | 1602 | (1904) | (302) | 48 | (191) | (143) |
|  EQ/LARGE CAP VALUE INDEX | CLASS IB | 1346 | (1763) | (417) | 204 | (174) | 30 |
|  EQ/LARGE CAP VALUE MANAGED VOLATILITY | CLASS IB | 3212 | (3678) | (466) | 102 | (371) | (269) |
|  EQ/LAZARD EMERGING MARKETS EQUITY | CLASS IB | 2135 | (3069) | (934) | 255 | (339) | (84) |
|  EQ/LOOMIS SAYLES GROWTH | CLASS IB | 284 | (327) | (43) | 40 | (60) | (20) |
|  EQ/MFS INTERNATIONAL GROWTH | CLASS IB | 1499 | (2056) | (557) | 172 | (181) | (9) |
|  EQ/MFS INTERNATIONAL INTRINSIC VALUE | CLASS IB | 2684 | (3902) | (1218) | 312 | (374) | (62) |
|  EQ/MFS MID CAP FOCUSED GROWTH | CLASS IB | 1023 | (1371) | (348) | 145 | (140) | 5 |
|  EQ/MFS TECHNOLOGY | CLASS IB | 754 | (1013) | (259) | 179 | (129) | 50 |
|  EQ/MFS UTILITIES SERIES | CLASS IB | 564 | (788) | (224) | 66 | (97) | (31) |
|  EQ/MID CAP INDEX | CLASS IB | 3654 | (4625) | (971) | 381 | (399) | (18) |
|  EQ/MID CAP VALUE MANAGED VOLATILITY | CLASS IB | 1314 | (1537) | (223) | 49 | (143) | (94) |
|  EQ/MODERATE ALLOCATION | CLASS IA | 8305 | (9582) | (1277) | 283 | (946) | (663) |
|  EQ/MODERATE ALLOCATION | CLASS IB | 2935 | (4468) | (1533) | 256 | (377) | (121) |
|  EQ/MODERATE GROWTH STRATEGY | CLASS IB | 926 | (1240) | (314) | 101 | (94) | 7 |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Continued)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  |<br>**Share Class\*\*** | **Units<br>Issued<br>(000's)** | **Units<br>Redeemed<br>(000's)** | **Net**<br>**Increase**<br>**(Decrease)<br>(000's)** | **Units<br>Issued<br>(000's)** | **Units<br>Redeemed<br>(000's)** | **Net**<br>**Increase**<br>**(Decrease)<br>(000's)** |
|  EQ/MODERATE-PLUS ALLOCATION | CLASS IB | 6251 | (8115) | (1864) | 341 | (663) | (322) |
|  EQ/MONEY MARKET | CLASS IA | 86610 | (86305) | 305 | 80144 | (80467) | (323) |
|  EQ/MONEY MARKET | CLASS IB | 472961 | (477219) | (4258) | 658081 | (657416) | 665 |
|  EQ/MORGAN STANLEY SMALL CAP GROWTH | CLASS IB | 779 | (846) | (67) | 91 | (131) | (40) |
|  EQ/PIMCO GLOBAL REAL RETURN | CLASS IB | 647 | (863) | (216) | 98 | (120) | (22) |
|  EQ/PIMCO ULTRA SHORT BOND | CLASS IB | 687 | (860) | (173) | 107 | (121) | (14) |
|  EQ/QUALITY BOND PLUS | CLASS IA | 290 | (316) | (26) | 23 | (35) | (12) |
|  EQ/QUALITY BOND PLUS | CLASS IB | 116 | (166) | (50) | 18 | (21) | (3) |
|  EQ/SMALL COMPANY INDEX | CLASS IB | 1507 | (1909) | (402) | 214 | (189) | 25 |
|  EQ/VALUE EQUITY | CLASS IB | 1641 | (2283) | (642) | 108 | (251) | (143) |
|  EQ/WELLINGTON ENERGY | CLASS IB | 970 | (1257) | (287) | 269 | (326) | (57) |
|  EQUITABLE CONSERVATIVE GROWTH MF/ETF | CLASS IB | 160 | (227) | (67) | 18 | (28) | (10) |
|  EQUITABLE GROWTH MF/ETF | CLASS IB | 42 | (43) | (1) | 17 | (4) | 13 |
|  EQUITABLE MODERATE GROWTH MF/ETF | CLASS IB | 18 | (16) | 2 | 10 | (9) | 1 |
|  FIDELITY<sup>®</sup> VIP EQUITY-INCOME PORTFOLIO | SERVICE CLASS 2 | 108 | (160) | (52) | 27 | (18) | 9 |
|  FIDELITY<sup>®</sup> VIP INVESTMENT GRADE BOND PORTFOLIO | SERVICE CLASS 2 | 1430 | (1963) | (533) | 610 | (183) | 427 |
|  FIDELITY<sup>®</sup> VIP MID CAP PORTFOLIO | SERVICE CLASS 2 | 296 | (552) | (256) | 66 | (48) | 18 |
|  INVESCO V.I. DIVERSIFIED DIVIDEND FUND | SERIES II | 371 | (522) | (151) | 40 | (46) | (6) |
|  MFS<sup>®</sup> MASSACHUSETTS INVESTORS GROWTH STOCK PORTFOLIO | SERVICE CLASS | 130 | (170) | (40) | 18 | (20) | (2) |
|  MULTIMANAGER AGGRESSIVE EQUITY | CLASS IA | 2012 | (2409) | (397) | 52 | (284) | (232) |
|  MULTIMANAGER AGGRESSIVE EQUITY | CLASS IB | 134 | (209) | (75) | 18 | (21) | (3) |
|  MULTIMANAGER CORE BOND | CLASS IB | 642 | (853) | (211) | 75 | (106) | (31) |
|  MULTIMANAGER TECHNOLOGY | CLASS IB | 616 | (770) | (154) | 71 | (95) | (24) |
|  NOMURA VIP HIGH INCOME SERIES | SERVICE CLASS | 1737 | (2434) | (697) | 251 | (258) | (7) |
|  PIMCO COMMODITYREALRETURN<sup>®</sup> STRATEGY PORTFOLIO | ADVISOR CLASS | 141 | (214) | (73) | 24 | (33) | (9) |

---

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

------

**SEPARATE ACCOUNT A** 

**STATEMENTS OF CHANGES IN NET ASSETS (Concluded)** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  |<br>**Share Class\*\*** | **Units<br>Issued<br>(000's)** | **Units<br>Redeemed<br>(000's)** | **Net**<br>**Increase**<br>**(Decrease)<br>(000's)** | **Units<br>Issued<br>(000's)** | **Units<br>Redeemed<br>(000's)** | **Net**<br>**Increase**<br>**(Decrease)<br>(000's)** |
|  TARGET 2015 ALLOCATION | CLASS IB | 95 | (123) | (28) | 6 | (16) | (10) |
|  TARGET 2025 ALLOCATION | CLASS IB | 614 | (776) | (162) | 53 | (111) | (58) |
|  TARGET 2035 ALLOCATION | CLASS IB | 1143 | (1379) | (236) | 123 | (99) | 24 |
|  TARGET 2045 ALLOCATION | CLASS IB | 1076 | (1340) | (264) | 111 | (63) | 48 |
|  TARGET 2055 ALLOCATION | CLASS IB | 792 | (993) | (201) | 117 | (52) | 65 |
|  TEMPLETON GLOBAL BOND VIP FUND | CLASS 2 | 503 | (868) | (365) | 111 | (110) | 1 |
|  VANECK VIP GLOBAL RESOURCES FUND | CLASS S | 512 | (609) | (97) | 74 | (109) | (35) |

---

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

\*\* Share class reflects the share class of the Portfolio in which the units of the Variable Investment Option are invested, as further described in Note 6 of these financial statements.

The — on the Units Issued and Units Redeemed section may represent no units issued and units redeemed or units issued and units redeemed of less than 500.

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements** 

**December 31, 2025** 

**1.** Organization

Separate Account A ("the Account") was established by Equitable Financial Life Insurance Company ("Equitable Financial") and is organized as a unit investment trust, a type of investment company, and is registered with the Securities and Exchange Commission ("SEC") under the Investment Company Act of 1940 (the "1940 Act"). The Account follows the investment company and reporting guidance of the Financial Accounting Standards Board Accounting Standards Codification Topic 946 — Investment Companies, which is part of accounting principles generally accepted in the United States of America ("GAAP"). The Account has Variable Investment Options, each of which invests in shares of a mutual fund portfolio of AIM Variable Insurance Funds (Invesco Variable Insurance Funds), American Funds Insurance Series<sup>®</sup>, EQ Advisors Trust ("EQAT"), Fidelity<sup>®</sup> Variable Insurance Products, Franklin Templeton Variable Insurance Products, Ivy Variable Insurance Portfolios, MFS<sup>®</sup> Variable Insurance Trust, PIMCO Variable Insurance Trust and Van Eck VIP Trust, (collectively, "the Trusts"). The Trusts are open-ended investment management companies that sell shares of a portfolio ("Portfolio") of a mutual fund to separate accounts of insurance companies. Each Portfolio of the Trusts has separate investment objectives. These financial statements and notes are those of the Variable Investment Options of the Account.

The Account consists of the Variable Investment Options listed below:

**<u>AIM Variable Insurance Funds (Invesco Variable Insurance Funds)</u>**

• Invesco V.I. Diversified Dividend Fund

**<u>American Funds Insurance Series<sup>®</sup></u>**

• American Funds Insurance Series <sup>®</sup> The Bond Fund of America <sup>®</sup>

**<u>EQ Advisors Trust\*</u>**

• 1290 VT Convertible Securities

• 1290 VT DoubleLine Opportunistic Bond

• 1290 VT Equity Income

• 1290 VT GAMCO Mergers & Acquisitions

• 1290 VT GAMCO Small Company Value

• 1290 VT High Yield Bond

• 1290 VT Micro Cap

• 1290 VT Small Cap Value

• 1290 VT SmartBeta Equity ESG

• 1290 VT Socially Responsible

• EQ/400 Managed Volatility

• EQ/500 Managed Volatility

• EQ/2000 Managed Volatility

• EQ/AB Dynamic Moderate Growth

• EQ/AB Short Duration Government Bond

• EQ/AB Small Cap Growth

• EQ/Aggressive Allocation

• EQ/Aggressive Growth Strategy

• EQ/All Asset Growth Allocation

• EQ/American Century Mid Cap Value

• EQ/Balanced Strategy

• EQ/Capital Group Research

• EQ/ClearBridge Large Cap Growth ESG

• EQ/ClearBridge Select Equity Managed Volatility

• EQ/Common Stock Index

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• EQ/Conservative Allocation

• EQ/Conservative Growth Strategy

• EQ/Conservative Strategy

• EQ/Conservative-Plus Allocation

• EQ/Core Bond Index

• EQ/Core Plus Bond

• EQ/Emerging Markets Equity PLUS

• EQ/Equity 500 Index

• EQ/Fidelity Institutional AM <sup>®</sup> Large Cap

• EQ/Franklin Rising Dividends

• EQ/Franklin Small Cap Value Managed Volatility

• EQ/Global Equity Managed Volatility

• EQ/Goldman Sachs Mid Cap Value

• EQ/Growth Strategy

• EQ/Intermediate Government Bond

• EQ/International Core Managed Volatility

• EQ/International Equity Index

• EQ/International Managed Volatility

• EQ/International Value Managed Volatility

• EQ/Invesco Comstock

• EQ/Invesco Global

• EQ/Invesco Global Real Assets

• EQ/Janus Enterprise

• EQ/JPMorgan Growth Stock

• EQ/JPMorgan Value Opportunities

• EQ/Large Cap Core Managed Volatility

• EQ/Large Cap Growth Index

• EQ/Large Cap Growth Managed Volatility

• EQ/Large Cap Value Index

• EQ/Large Cap Value Managed Volatility

• EQ/Lazard Emerging Markets Equity

• EQ/Loomis Sayles Growth

• EQ/MFS International Growth

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**1.** Organization (Continued)

• EQ/MFS International Intrinsic Value

• EQ/MFS Mid Cap Focused Growth

• EQ/MFS Technology

• EQ/MFS Utilities Series

• EQ/Mid Cap Index

• EQ/Mid Cap Value Managed Volatility

• EQ/Moderate Allocation

• EQ/Moderate Growth Strategy

• EQ/Moderate-Plus Allocation

• EQ/Money Market

• EQ/Morgan Stanley Small Cap Growth

• EQ/PIMCO Global Real Return

• EQ/PIMCO Ultra Short Bond

• EQ/Quality Bond PLUS

• EQ/Small Company Index

• EQ/Value Equity

• EQ/Wellington Energy

• Equitable Conservative Growth MF/ETF

• Equitable Growth MF/ETF

• Equitable Moderate Growth MF/ETF

• Multimanager Aggressive Equity

• Multimanager Core Bond

• Multimanager Technology

• Target 2015 Allocation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• Target 2025 Allocation

• Target 2035 Allocation

• Target 2045 Allocation

• Target 2055 Allocation

**<u>Fidelity<sup>®</sup> Variable Insurance Products</u>**

• Fidelity <sup>®</sup> VIP Equity-Income Portfolio

• Fidelity <sup>®</sup> VIP Investment Grade Bond Portfolio

• Fidelity <sup>®</sup> VIP Mid Cap Portfolio

**<u>Franklin Templeton Variable Insurance Products</u>**

• Templeton Global Bond VIP Fund

**<u>IVY Variable Insurance Portfolios</u>**

• Nomura VIP High Income Series<sup>(1)</sup>

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

• MFS <sup>®</sup> Massachusetts Investors Growth Stock Portfolio

**<u>PIMCO Variable Insurance Trust</u>**

• PIMCO CommodityRealReturn <sup>®</sup> Strategy Portfolio

**<u>Van Eck VIP Trust</u>**

• VanEck VIP Global Resources Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Formerly known as Macquarie VIP High Income Series.

\* An affiliate of Equitable Financial providing advisory and other services to one or more Portfolios of this Trust, as further described in Note 6 of these financial statements.

The Account is used to fund benefits for variable annuities issued by Equitable Financial including certain individual tax- favored variable annuity contracts (Old Contracts), individual non-qualified variable annuity contracts (EQUIPLAN Contracts), tax-favored and non-qualified certificates issued under group deferred variable annuity contracts and certain related individual contracts (EQUI-VEST<sup>®</sup> Contracts), individual tax-favored and non-qualified contracts (Variable Immediate Annuity Contracts) group deferred variable annuity contracts used to fund tax-qualified defined contribution plans (Momentum Contracts) and group variable annuity contracts used as a funding vehicle for employers who sponsor qualified defined contribution plans (Momentum Plus). All of these contracts and certificates are collectively referred to as the Contracts ("Contracts").

Effective June 1, 2025, the Equitable Financial novated to its affiliate, Equitable Financial Life Insurance Company of America ("Equitable America") certain policies, which had previously been 100% reinsured by Equitable America under the combined funds withheld coinsurance and modified coinsurance reinsurance agreement effective April 1, 2023.

Under applicable insurance law, the assets and liabilities of the Account are clearly identified and distinguished from

Equitable Financial's other assets and liabilities. All Contracts are issued by Equitable Financial. The assets of the Account are the property of Equitable Financial. However, the portion of the Account's assets attributable to the Contracts will not be chargeable with liabilities arising out of any other business Equitable Financial may conduct.

The amount retained by Equitable Financial in the Account arises primarily from (1) contributions from Equitable Financial, and (2) that portion, determined ratably, of the Account's investment results applicable to those assets in the Account in excess of the net assets attributable to accumulation units. Amounts retained by Equitable Financial are not subject to mortality expense risk charges, other expenses and financial accounting charges. Amounts retained by Equitable Financial in the Account may be transferred at any time by Equitable Financial to its General Account ("General Account").

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**1.** Organization (Concluded)

Each of the Variable Investment Options of the Account bears indirect exposure to the market, credit, and liquidity risks of the Portfolio in which it invests. These financial statements and footnotes should be read in conjunction with the financial statements and footnotes of the Portfolios of the Trusts, which are distributed by Equitable Financial to the Contractowners of the Variable Investment Options of the Account.

In the normal course of business, Equitable Financial may have agreements to indemnify another party under given circumstances. The maximum exposure under these arrangements is unknown as this would involve future claims that may be, but have not been, made against the Variable Investment Options of the Account. Based on experience, the risk of material loss is expected to be remote.

**2.** Significant Accounting Policies

The accompanying financial statements are prepared in conformity with GAAP. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

*Investments:* 

Investments are made in shares of the Portfolios and the fair values of investments are the reported net asset values per share of the respective Portfolios. The net asset value is determined by the Trusts using the fair value of the underlying assets of the Portfolio less liabilities.

*Investment Transactions and Investment Income:* 

Investment transactions are recorded on the trade date. Dividend income and net realized gain distributions from the Portfolios are recorded and automatically reinvested on the ex-dividend date. Net realized gain (loss) on investments are gains and losses on redemptions of investments in the Portfolios (determined on the identified cost basis).

*Due to and Due from:* 

Receivable/payable for policy-related transactions represent amounts due to/from Equitable Financial's General Account primarily related to premiums, surrenders, death benefits and amounts transferred among various Portfolios by Contractowners. Receivable/payable for shares of the Portfolios sold/purchased represent unsettled trades.

*Contract Payments and Transfers:* 

Payments received from Contractowners represent participant contributions under EQUI-VEST<sup>®</sup> Series 100 through 801, EQUI-VEST<sup>®</sup> Vantage Series 900, EQUI-VEST<sup>®</sup> Strategies Series 900 and 901, Momentum, Momentum Plus, EQUI-VEST<sup>®</sup> At Retirement, Variable Immediate Annuity (but exclude amounts allocated to the guaranteed interest account, reflected in the General Account) and participant contributions under other contracts (Old Contracts, EQUIPLAN) reduced by deductions and charges, including premium charges, as applicable, and state premium taxes. Payments received from Contractowners also include amounts applied to purchase contracts in payout (annuitization) period. Contractowners may allocate amounts in their individual accounts to Variable Investment Options, and/or to the guaranteed interest account, of Equitable Financial's General Account, and fixed maturity options of Separate Account No. 48.

Transfers between Variable Investment Options including the guaranteed interest account, net, represents amounts that participants have directed to be moved among Portfolios, including permitted transfers to and from the guaranteed interest account and the fixed maturity option of Separate Account No. 48. The net assets of any Variable Investment Option may not be less than the aggregate value of the Contractowner accounts allocated to that Variable Investment Option. Equitable Financial is required by state insurance laws to set aside additional assets in Equitable Financial's General Account to provide for other policy benefits. Equitable Financial's General Account is subject to creditor rights.

Redemptions for contract benefits and terminations are payments to participants and beneficiaries made under the terms of the Contracts and amounts that participants have requested to be withdrawn and paid to them or applied to

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**2.** Significant Accounting Policies (Concluded)

the purchase of annuities. Withdrawal charges, if any, are included in Redemptions for contract benefits and terminations to the extent that such charges apply to the Contracts. Administrative charges, if any, are included in Contract maintenance charges to the extent that such charges apply to the Contracts.

Net assets allocated to contracts in the payout period are computed according to the 1983a Individual Annuitant Mortality Table for business issued in 1994 and later and according to the 1969 ELAS Mortality Table for business issued prior to 1994. The assumed investment return is 3% to 5%, as regulated by the laws of various states. The mortality risk is fully borne by Equitable Financial and may result in additional amounts being transferred into the variable annuity account by Equitable Financial to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the insurance company.

*Income Taxes* 

The operations of the Account are included in the federal income tax return of Equitable Financial which is taxed as a life insurance company under the provisions of the Internal Revenue Code. No federal income tax based on net income or realized and unrealized capital gains is currently applicable to Contracts participating in the Account by reason of applicable provisions of the Internal Revenue Code and no federal income tax payable by Equitable Financial is expected to affect the unit value of Contracts participating in the Account. Accordingly, no provision for income taxes is required. Equitable Financial retains the right to charge for any federal income tax which is attributable to the Account if the law is changed.

**3.** Fair Value Disclosures

Under GAAP, fair value is the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. GAAP also establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value, and identifies three levels of inputs that may be used to measure fair value:

Level 1 — Quoted prices that are publicly available for identical assets in active markets. Level 1 fair values generally are supported by market transactions that occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2 — Observable inputs other than Level 1 prices, such as quoted prices for similar assets, quoted prices in markets that are not active, and inputs to model-derived valuations that are directly observable or can be corroborated by observable market data.

Level 3 — Unobservable inputs supported by little or no market activity and often requiring significant judgment or estimation, such as an entity's own assumptions about the cash flows or other significant components of value that market participants would use in pricing the asset or liability.

All investments of each Variable Investment Option of the Account have been classified as Level 1. There were no transfers between level 1, level 2 and level 3 during the year.

**4.** Segment Reporting

Equitable Financial has identified its President and the President of Equitable Investment Management Group, LLC ("EIMG") as the Chief Operating Decision Makers ("CODM") assessing performance and making decisions about resource allocation for the Separate Account. The Separate Account is comprised of multiple subaccounts; each subaccount represents a variable investment option. As an investment company, the Separate Account engages in a single line of business, which typically involves managing funds that are segregated from the general assets of the Separate Account's parent company. The Separate Account is used for products such as variable annuities and life insurance policies, where contractholders can choose from various investment options across different asset classes, which allow contractholders to diversify their portfolios according to their risk tolerance and investment goals.

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**4.** Segment Reporting (Concluded)

The CODM determined that each variable investment option makes up one operating segment of the Separate Account. The Separate Account's variable investment options are pre-determined in accordance with the terms of the prospectus. The financial information provided and reviewed by the CODM is consistent with those presented within the Statement of Assets and Liabilities, Statement of Operations, Statement of Changes in Net Assets, and Financial Highlights.

**5.** Purchases and Sales of Portfolios

The cost of purchases and proceeds from sales of Portfolios for the year ended December 31, 2025 were as follows:

---

| | | |
|:---|:---|:---|
|  | **Purchases** | **Sales** |
|  1290 VT Convertible Securities | $1892870 | $1939772 |
|  1290 VT DoubleLine Opportunistic Bond | 26586365 | 35795412 |
|  1290 VT Equity Income | 153280130 | 179358699 |
|  1290 VT GAMCO Mergers & Acquisitions | 15877158 | 18447122 |
|  1290 VT GAMCO Small Company Value | 1691142183 | 2270686299 |
|  1290 VT High Yield Bond | 117853955 | 85844265 |
|  1290 VT Micro Cap | 1039500 | 1408196 |
|  1290 VT Small Cap Value | 230694034 | 242441708 |
|  1290 VT SmartBeta Equity ESG | 111656189 | 141940272 |
|  1290 VT Socially Responsible | 154690828 | 183008869 |
|  American Funds Insurance Series<sup>®</sup> The Bond Fund of America<sup>®</sup> | 98551869 | 134328053 |
|  EQ/400 Managed Volatility | 52449173 | 60894873 |
|  EQ/500 Managed Volatility | 101848760 | 117100363 |
|  EQ/2000 Managed Volatility | 21657492 | 26294520 |
|  EQ/AB Dynamic Moderate Growth | 20772317 | 26187977 |
|  EQ/AB Short Duration Government Bond | 20042 | 21218 |
|  EQ/AB Small Cap Growth | 669142116 | 757803482 |
|  EQ/Aggressive Allocation | 1437554023 | 1784332128 |
|  EQ/Aggressive Growth Strategy | 95819659 | 112896174 |
|  EQ/All Asset Growth Allocation | 133739352 | 194676877 |
|  EQ/American Century Mid Cap Value | 251285204 | 346073212 |
|  EQ/Balanced Strategy | 228455686 | 263587184 |
|  EQ/Capital Group Research | 428652811 | 469551086 |
|  EQ/ClearBridge Large Cap Growth ESG | 233805529 | 259469329 |
|  EQ/ClearBridge Select Equity Managed Volatility | 60110899 | 75089331 |
|  EQ/Common Stock Index | 3212445362 | 3827192480 |
|  EQ/Conservative Allocation | 106851119 | 141306204 |
|  EQ/Conservative Growth Strategy | 43461875 | 59530164 |
|  EQ/Conservative Strategy | 19975045 | 23327796 |
|  EQ/Conservative-Plus Allocation | 263608676 | 342611364 |
|  EQ/Core Bond Index | 163482970 | 205095695 |
|  EQ/Core Plus Bond | 136983499 | 159512390 |
|  EQ/Emerging Markets Equity PLUS | 44347450 | 57164835 |
|  EQ/Equity 500 Index | 4515000400 | 6015477094 |
|  EQ/Fidelity Institutional AM<sup>®</sup> Large Cap | 736843422 | 1033117007 |
|  EQ/Franklin Rising Dividends | 26946378 | 30177529 |
|  EQ/Franklin Small Cap Value Managed Volatility | 28645592 | 33140933 |
|  EQ/Global Equity Managed Volatility | 471923060 | 528228030 |
|  EQ/Goldman Sachs Mid Cap Value | 98868222 | 123973683 |
|  EQ/Growth Strategy | 161177 | 356500 |
|  EQ/Intermediate Government Bond | 52004639 | 57589585 |
|  EQ/International Core Managed Volatility | 198603333 | 243716899 |
|  EQ/International Equity Index | 691369627 | 824337736 |
|  EQ/International Managed Volatility | 23170556 | 30762176 |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**5.** Purchases and Sales of Portfolios (Concluded)

---

| | | |
|:---|:---|:---|
|  | **Purchases** | **Sales** |
|  EQ/International Value Managed Volatility | $215853706 | $234956295 |
|  EQ/Invesco Comstock | 195283645 | 231777446 |
|  EQ/Invesco Global | 415790894 | 543298576 |
|  EQ/Invesco Global Real Assets | 120601241 | 153951097 |
|  EQ/Janus Enterprise | 684588708 | 845746751 |
|  EQ/JPMorgan Growth Stock | 1578297579 | 2001182500 |
|  EQ/JPMorgan Value Opportunities | 543011228 | 631893905 |
|  EQ/Large Cap Core Managed Volatility | 55486243 | 63562320 |
|  EQ/Large Cap Growth Index | 1032998884 | 1273876834 |
|  EQ/Large Cap Growth Managed Volatility | 1321462808 | 1396724919 |
|  EQ/Large Cap Value Index | 267256000 | 335306567 |
|  EQ/Large Cap Value Managed Volatility | 1008629891 | 1082988043 |
|  EQ/Lazard Emerging Markets Equity | 311556417 | 430287140 |
|  EQ/Loomis Sayles Growth | 215148165 | 233231045 |
|  EQ/MFS International Growth | 518373021 | 679436640 |
|  EQ/MFS International Intrinsic Value | 843218613 | 1190037681 |
|  EQ/MFS Mid Cap Focused Growth | 386845700 | 481942348 |
|  EQ/MFS Technology | 678701313 | 867045796 |
|  EQ/MFS Utilities Series | 163941851 | 226235879 |
|  EQ/Mid Cap Index | 1399897418 | 1696286478 |
|  EQ/Mid Cap Value Managed Volatility | 572488164 | 629745665 |
|  EQ/Moderate Allocation | 1944166568 | 2395579473 |
|  EQ/Moderate Growth Strategy | 194833893 | 247432071 |
|  EQ/Moderate-Plus Allocation | 1807495792 | 2237681925 |
|  EQ/Money Market | 873430562 | 895358226 |
|  EQ/Morgan Stanley Small Cap Growth | 120285034 | 130516072 |
|  EQ/PIMCO Global Real Return | 68281214 | 90573923 |
|  EQ/PIMCO Ultra Short Bond | 80648046 | 98836630 |
|  EQ/Quality Bond PLUS | 67489348 | 77444552 |
|  EQ/Small Company Index | 636714015 | 787403527 |
|  EQ/Value Equity | 850022085 | 1133552036 |
|  EQ/Wellington Energy | 85068211 | 108140787 |
|  Equitable Conservative Growth MF/ETF | 26324754 | 36489554 |
|  Equitable Growth MF/ETF | 5737444 | 5840217 |
|  Equitable Moderate Growth MF/ETF | 2414049 | 2106291 |
|  Fidelity<sup>®</sup> VIP Equity-Income Portfolio | 41339628 | 57295959 |
|  Fidelity<sup>®</sup> VIP Investment Grade Bond Portfolio | 159917048 | 216029981 |
|  Fidelity<sup>®</sup> VIP Mid Cap Portfolio | 109174324 | 178924615 |
|  Invesco V.I. Diversified Dividend Fund | 103527894 | 142324976 |
|  MFS<sup>®</sup> Massachusetts Investors Growth Stock Portfolio | 81986074 | 98944011 |
|  Multimanager Aggressive Equity | 1082398146 | 1175069414 |
|  Multimanager Core Bond | 96988728 | 126744278 |
|  Multimanager Technology | 555812399 | 640610503 |
|  Nomura VIP High Income Series | 357870664 | 471009577 |
|  PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio | 12910318 | 18968497 |
|  Target 2015 Allocation | 16659903 | 20779003 |
|  Target 2025 Allocation | 139567347 | 167177398 |
|  Target 2035 Allocation | 292311677 | 340903591 |
|  Target 2045 Allocation | 297089289 | 359195765 |
|  Target 2055 Allocation | 164798894 | 202160218 |
|  Templeton Global Bond VIP Fund | 46761273 | 81174890 |
|  VanEck VIP Global Resources Fund | 38624644 | 45292470 |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**6.** Expenses and Related Party Transactions

The assets in each Variable Investment Option are invested in shares of a corresponding Portfolio of the Trusts. Shares are offered by the Portfolios at net asset value. Shares in which the Variable Investment Options invest are categorized by the share class of the Portfolio. EQAT issues Class IA, Class IB and Class K shares. All share classes issued by EQAT are subject to fees for investment management, administration and other Portfolio expenses. Class IA and Class IB are also subject to distribution fees imposed under distribution plans ("Distribution Plans") and adopted by EQAT in the manner prescribed under Rule 12b-1 under the 1940 Act. The Distribution Plans provide that EQAT, on behalf of each related Portfolio, may charge a maximum annual distribution fee ("12b-1 fee") of 0.25% of the average daily net assets of a Portfolio attributable to its Class IA and Class IB shares. The class-specific expenses attributable to the investment in each share class of the Portfolios in which the Variable Investment Options invest are borne by the specific unit classes of the Variable Investment Options to which the investments are attributable.

EQAT, on behalf of each Portfolio, has entered into distribution agreements with Equitable Distributors, LLC ("Equitable Distributors"), an indirect wholly-owned subsidiary of Equitable Financial and an affiliate of EIMG. The Distribution Plans provide that Equitable Distributors will be entitled to receive a maximum 12b-1 fee as described above.

EIMG, a wholly-owned subsidiary of Equitable Financial, serves as investment adviser of the Portfolios of EQAT. EIMG either (1) directly manages the Portfolios or (2) contracts with and oversees the activities of the investment sub-advisers with respect to the Portfolios. EIMG receives management fees for services performed in its capacity as investment adviser of the Portfolios of EQAT, and pays fees to the sub-advisers for sub-advisory services to the respective Portfolios. Equitable Investment Management, LLC ("EIM"), an affiliate of Equitable Financial, serves as administrator of the Portfolios of EQAT. As the administrator, EIM either (1) carries out its responsibilities directly or (2) through sub-contracting with third-party providers. EIM receives administrative fees for services performed in its capacity as administrator of the Portfolios of EQAT. Expenses of the Portfolios of EQAT generally vary, depending on net asset levels for individual Portfolios, and range from a low annual rate of 0.54% to a high of 2.74% (after waivers, reimbursements, fees paid indirectly and including indirect expenses, as applicable) of the average daily net assets of the Portfolios of EQAT. Since these fees and expenses are reflected in the net asset value of the shares of the Portfolios and the total returns of the Variable Investment Options, they are not included in the expenses or expense ratios of the Variable Investment Options.

Equitable Financial, Equitable Financial Advisors, LLC ("Equitable Advisors") or Equitable Distributors may directly or indirectly receive 12b-1 fees and additional payments from certain unaffiliated Portfolios, their advisers, sub-advisers, distributors or affiliates, for providing certain administrative, marketing, distribution and/or shareholder support services in connection with the Variable Investment Options' investment in the Portfolios. These fees and payments range from 0.40% to 0.60% of the unaffiliated Portfolios' average daily net assets. Equitable Advisors or Equitable Distributors may also receive payments from the advisers or sub-advisers of the unaffiliated Portfolios or their affiliates for certain distribution services, including expenses for sales meetings or seminar sponsorships that may relate to the policies and/or the advisers' respective Portfolios.

AllianceBernstein L.P. ("AllianceBernstein") serves as an investment sub-advisor for a number of Portfolios in EQAT including EQ/AB Dynamic Moderate Growth, EQ/AB Short Duration Government Bond, EQ/AB Small Cap Growth, EQ/Common Stock Index, EQ/Equity 500 Index, EQ/International Equity Index, EQ/Large Cap Growth Index, EQ/Large Cap Value Index, EQ/Mid Cap Index and EQ/Small Company Index; as well as a portion of EQ/Emerging Markets Equity PLUS, EQ/Large Cap Value Managed Volatility, EQ/Quality Bond PLUS, Multimanager Aggressive Equity and Multimanager Technology. AllianceBernstein is a limited partnership which is indirectly majority-owned by Equitable Holdings, Inc.

Equitable Advisors and Equitable Distributors are distributors and principal underwriters of the Account. They are both registered with the SEC as broker-dealers and are members of the Financial Industry Regulatory Authority ("FINRA"). The Contracts are sold by financial professionals who are registered representatives of Equitable Advisors and licensed insurance agents of Equitable Network LLC, or its subsidiaries ("Equitable Network"). Equitable Network receives commissions under its General Sales Agreement with Equitable Financial and its Networking Agreement with Equitable Advisors. Equitable Advisors receives service-related payments under its Supervisory and Distribution Agreement with Equitable Financial. The financial professionals are compensated on a commission basis by Equitable Network. The

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**6.** Expenses and Related Party Transactions (Concluded)

Contracts are also sold through licensed insurance agencies (both affiliated and unaffiliated with Equitable Financial) and their affiliated broker-dealers (who are registered with the SEC and members of the FINRA) that have entered into selling agreements with Equitable Distributors. The licensed insurance agents who sell Equitable Financial policies for these companies are appointed as agents of Equitable Financial and are registered representatives of the broker-dealers under contract with Equitable Distributors.

Equitable Financial serves as the transfer agent for EQAT.

**7.** Asset-based Charges and Contractowner Charges

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Mortality and<br>Expense Risks** | **Other<br>Expenses** | **Financial<br>Accounting** | **Total** |
| **<u>Old Contracts</u>** | 0.58% | 0.16% |  | 0.74% |
| **<u>EQUIPLAN<sup>®</sup> Contracts</u>** | 0.58% | 0.16% |  | 0.74% |
| **<u>EQUI-VEST<sup>®</sup> Series 100</u>** |  |  |  |  |
|  EQ/Money Market, EQ/Common Stock Index | 0.56% | 0.60% | 0.24% | 1.40% |
|  All Other Funds. | 0.50% | 0.60% | 0.24% | 1.34% |
| **<u>Momentum Contracts</u>** |  |  |  |  |
|  EQ/Money Market, EQ/Common Stock Index | 0.65% | 0.60% | 0.24% | 1.49% |
|  All Other Funds | 0.50% | 0.60% | 0.24% | 1.34% |
| **<u>EQUI-VEST<sup>®</sup> Series 200</u>** |  |  |  |  |
|  EQ/Money Market, EQ/Common Stock Index | 1.15% | 0.25% |  | 1.40% |
|  All Other Funds | 1.09% | 0.25% |  | 1.34% |
| **<u>EQUI-VEST<sup>®</sup> Series 201</u>** |  |  |  |  |
|  All Other Funds | 0.95% | 0.25% |  | 1.20% |
| **<u>EQUI-VEST<sup>®</sup> Series 300 and 400 Contracts</u>** |  |  |  |  |
|  EQ/Money Market, EQ/Common Stock Index, Multimanager Aggressive Equity and EQ/Moderate Allocation | 1.10% | 0.25% |  | 1.35% |
|  All Other Funds | 1.10% | 0.24% |  | 1.34% |
| **<u>EQUI-VEST<sup>®</sup> Series 500, At Retirement, 600 and 800 Contracts</u>** |  |  |  |  |
|  EQUI-VEST<sup>®</sup>Series 500 Contracts | 1.10% | 0.25% |  | 1.35% |
|  EQUI-VEST<sup>®</sup> at Retirement | 1.20% | 0.25% |  | 1.45% |
|  1.30% All Funds | 0.80% | 0.50% |  | 1.30% |
|  1.25% All Funds | 0.75% | 0.50% |  | 1.25% |
|  EQUI-VEST<sup>®</sup>Series 600 and 800 Contracts | 0.95% | 0.25% |  | 1.20% |
| **<u>EQUI-VEST<sup>®</sup> Vantage Contracts</u>** |  |  |  |  |
|  0.90% All Funds | 0.90% |  |  | 0.90% |
|  0.70% All Funds | 0.70% |  |  | 0.70% |
|  0.50% All Funds | 0.50% |  |  | 0.50% |
| **<u>EQUI-VEST<sup>®</sup> Strategies Contracts Series 900</u>** |  |  |  |  |
|  1.20% All Funds | 1.20% |  |  | 1.20% |
|  0.90% All Funds | 0.90% |  |  | 0.90% |
|  0.70% All Funds | 0.70% |  |  | 0.70% |
|  0.50% All Funds | 0.50% |  |  | 0.50% |
|  0.25% All Funds | 0.25% |  |  | 0.25% |
| **<u>EQUI-VEST<sup>®</sup> Strategies Contracts Series 901</u>** |  |  |  |  |
|  0.00% All Funds | 0.00% |  |  | 0.00% |
|  0.10% All Funds | 0.10% |  |  | 0.10% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**7.** Asset-based Charges and Contractowner Charges (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Mortality and<br>Expense Risks** | **Other<br>Expenses** | **Financial<br>Accounting** | **Total** |
|  0.25% All Funds | 0.25% |  |  | 0.25% |
|  0.50% All Funds | 0.50% |  |  | 0.50% |
|  0.60% All Funds | 0.60% |  |  | 0.60% |
|  0.70% All Funds | 0.70% |  |  | 0.70% |
|  0.80% All Funds | 0.80% |  |  | 0.80% |
|  0.90% All Funds | 0.90% |  |  | 0.90% |
|  1.00% All Funds | 1.00% |  |  | 1.00% |
|  1.10% All Funds | 1.10% |  |  | 1.10% |
|  1.15% All Funds | 1.15% |  |  | 1.15% |
| **<u>EQUI-VEST<sup>®</sup> Express Series 700 Contracts</u>** | 0.70% | 0.25% |  | 0.95% |
| **<u>EQUI-VEST<sup>®</sup> Express Series 701 Contracts</u>** |  |  |  |  |
|  1.10% All Funds | 0.85% | 0.25% |  | 1.10% |
| **<u>EQUI-VEST<sup>®</sup> Series 801 Contracts</u>** |  |  |  |  |
|  1.25% All Funds | 1.00% | 0.25% |  | 1.25% |
| **<u>Variable Immediate Annuity</u>** |  |  |  |  |
|  0.50% All Funds | 0.40% | 0.10% |  | 0.50% |

---

Under the terms of the Contracts, the aggregate of these asset charges and the charges of the Trusts for advisory fees and for direct operating expenses may not exceed a total effective annual rate of 1.75% for EQUIVEST Series 100/200 and Momentum Contracts for EQ/Money Market, EQ/Common Stock Index, Multimanager Aggressive Equity and EQ/ Moderate Allocation Variable Investment Options and 1.00% of all portfolios of the Old Contracts and EQUIPLAN Contracts (the "Cap"). Fees for advisory services in excess of the Cap are refunded to the Variable Investment Options from Equitable Financial's General Account. Direct operating expenses in excess of the Cap are absorbed by amounts retained by Equitable Financial in Separate Account A.

For the series 300 and 400 contracts, although the charge is 0.25%, we currently charge 0.24% for all the variable investment options except the EQ/Moderate Allocation, Multimanager Aggressive Equity, EQ/Common Stock Index and the EQ/ Money Market options (we reserve the right to increase this charge to 0.25% for all the variable investment options at our discretion). For series 100 and 200 contracts, this charge is for financial accounting and other administrative services relating to the contracts. For series 100 and 200 contracts, the total Separate Account A annual expenses of the variable investment options and total annual expenses of the Trust when added together are not permitted to exceed an annual rate of 1.75% for the EQ/Moderate Allocation, Multimanager Aggressive Equity, EQ/ Common Stock Index, and EQ/Money Market options.

Included as part of "Contract Maintenance Charges" in the Statements of Changes in Net Assets are certain administrative charges which are deducted from the Contractowners account value.

The table below lists all the fees charged by the Variable Investment Option assessed as a redemption of units; the range presented represents the fees that are actually assessed. Actual amounts may vary or may be zero depending on the Contract or Contractowner's account value. These charges are reflected as part of "Contractowners Transactions" in the

Statement of Changes in Net Assets.

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**7.** Asset-based Charges and Contractowner Charges (Continued)

---

| | | | |
|:---|:---|:---|:---|
| **Charges** | **When charge<br>is deducted** | **Amount deducted** | **How deducted** |
| Annual Administrative charge | Annual | **Low** – $0 depending on the product and account value. | Unit liquidation from account value |
|  |  | **High** – Depending on account value, $50 if the account value on the last business day of the contract year is less than $100,000. | Unit liquidation from<br> account value |
| Quarterly Administrative charge |  | **Low** – $0 for account values in excess of $25,000. |  |
|  |  | **High** – $7.50 per quarter. | Deducted from retirement account values |
| Withdrawal Charge | At time of transaction | **Low** – 5% of withdrawals or contributions made in the current and prior five participation years, whichever is less. | Unit liquidation from account value |
|  |  | **High** – 7% of contributions withdrawn, declining by 1% each contract years following each contribution. |  |
|  |  | Exceptions and limitations may eliminate or reduce the withdrawal charge. |  |
| Plan Loan charges | At time of transaction | $50 set-up fee and $6.00 quarterly recordkeeping fee | Unit liquidation from account value |
| Annual Basic Recordkeeping Charge |  | $300 (prorated for first year) | Billed directly to employer |
| Variable Immediate Annuity Payout option | At time of transaction | $350 annuity administration fee | Unit liquidation from account value |
| Charge for third-party transfer or At time of transaction exchange |  | $0 to $65 | Unit liquidation from account value |
| Enhanced death benefit charge | Participation date | 0.15% of account value | Unit liquidation from account value |
| Guaranteed Minimum Income Benefit |  | 0.65% | Unit liquidation from account value |
| Guaranteed Withdrawal Benefit for Life |  | **Low** – 0.60% for single life option; 0.75% for joint life option |  |
|  |  | **High** – 0.75% for single life; 0.90% for joint life |  |
| Sales Premium and Other Applicable Taxes |  | Current tax charge varies by jurisdiction and ranges from 0% to 3.5% | Deducted from the amount applied to provide an annuity payout option |
| Guaranteed minimum death benefit |  | **Standard death benefit (available only with the guaranteed minimum income benefit)** – 0.00% | Unit liquidation from |
|  |  | **GWBL Standard death benefit** – 0.00% |  |
|  |  | **Annual Rachet to age 85** – 0.25% of the Annual Rachet to age 85 benefit base |  |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**7.** Asset-based Charges and Contractowner Charges (Concluded)

---

| | | | |
|:---|:---|:---|:---|
| **Charges** | **When charge<br>is deducted** | **Amount deducted** | **How deducted** |
|  |  | **Greater of 6% Roll-Up to age 85 or Annual Rachet to age 85** – 0.60% of the greater of 6% roll-up to age 85 benefit base, as applicable |  |
|  |  | **GWBL Enhanced death benefit** – 0.30% of the GWBL Enhance death benefit base |  |
| Personal Income Benefit Charge | Contract/Participation Date Anniversary | 1.00% of the Personal Income Benefit account value | Unit liquidation from account value |
| Managed Account Service Fee | Quarterly | The managed Account Service ("MAS") Advisory fee is a quarterly fee that can be charged at an annual rate of up to 0.60%. The amount of the fee may be lower and varies among broker-dealers. The fee will be deducted pro rata from the Non-Personal Income Benefit variable investment options and guaranteed interest option first, then from the account for special dollar cost averaging. The MAS Advisory fee does not apply to Personal Income Benefit related assets. | Unit liquidation from account value |
| Wire Transfer Charge | At time of transaction | $90 for outgoing wire transfers | Unit liquidation from account value |
| Express Mail Charge | At time of transaction | $35 for checks sent by express delivery | Unit liquidation from account value |

---

**8.** Financial Highlights

The ranges for the total return ratios and unit values correspond to the product groupings that produced the lowest and highest expense ratios. The lowest and the highest contract charge represents the annual contract expenses consisting of mortality, expense risk, financial accounting and other expenses, for each period indicated. This ratio includes only those expenses that result in direct reduction to unit value. Charges made directly to Contractowner account through the redemption of units and expenses of the respective Portfolio have been excluded. The summary may not reflect the minimum and maximum contract charges offered by the Company as Contractowners may not have selected all available and applicable contract options. Due to the timing of the introduction of new products into the Account, contract charges and related unit values and total returns may fall outside of the ranges presented in the financial highlights.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>1290 VT Convertible Securities (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 8 | $1302 | $138.74 | $144.82 | 0.00% | 1.34% | 1.57% | 12.52% | 15.76% |
| 2024 | 7 | $1218 | $121.45 | $125.10 | 0.00% | 1.35% | 1.98% | 8.29% | 9.78% |
| 2023 | 6 | $833 | $112.16 | $113.95 | 0.00% | 1.34% | 2.64% | 12.16% | 13.68% |
| 2022 | 4 | $597 | $100.00 | $124.01 | 1.20% | 1.34% | 1.25% | (21.87)% | 0.71% |
| 2021 | 4 | $674 | $158.47 | $158.73 | 1.20% | 1.25% | 11.90% | (0.26)% | (0.21)% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**8.** Financial Highlights (Continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>1290 VT DoubleLine Opportunistic Bond (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 112 | $12185 | $106.07 | $122.12 | 0.00% | 1.25% | 3.41% | 5.90% | 7.33% |
| 2024 | 206 | $20908 | $100.16 | $113.87 | 0.00% | 1.25% | 4.72% | 1.55% | 2.84% |
| 2023 | 197 | $19800 | $98.63 | $110.73 | 0.00% | 1.25% | 4.37% | 5.21% | 6.54% |
| 2022 | 187 | $17729 | $93.75 | $103.93 | 0.00% | 1.25% | 3.19% | (14.47)% | (13.39)% |
| 2021 | 171 | $19036 | $109.61 | $120.00 | 0.00% | 1.25% | 2.08% | (1.69)% | (0.44)% |
|  **<u>1290 VT Equity Income (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 274 | $96945 | $238.30 | $338.08 | 0.00% | 1.45% | 1.89% | 11.08% | 12.93% |
| 2024 | 379 | $120070 | $211.01 | $303.76 | 0.00% | 1.45% | 1.99% | 8.20% | 9.80% |
| 2023 | 410 | $118748 | $192.17 | $280.73 | 0.00% | 1.45% | 2.07% | 3.89% | 5.41% |
| 2022 | 435 | $121426 | $182.31 | $270.23 | 0.00% | 1.45% | 1.79% | 1.57% | 3.07% |
| 2021 | 451 | $123137 | $176.88 | $266.04 | 0.00% | 1.45% | 1.49% | 24.56% | 26.39% |
|  **<u>1290 VT GAMCO Mergers & Acquisitions (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 53 | $11336 | $209.05 | $254.90 | 0.50% | 1.45% | 2.68% | 13.74% | 15.34% |
| 2024 | 69 | $12875 | $183.00 | $221.00 | 0.50% | 1.45% | 1.79% | 7.46% | 8.50% |
| 2023 | 76 | $13337 | $173.54 | $203.68 | 0.50% | 1.35% | 1.78% | 8.04% | 8.98% |
| 2022 | 83 | $13386 | $160.62 | $186.90 | 0.50% | 1.35% | 0.33% | (7.28)% | (6.49)% |
| 2021 | 87 | $15284 | $173.24 | $199.88 | 0.50% | 1.35% | 0.66% | 9.88% | 10.83% |
|  **<u>1290 VT GAMCO Small Company Value (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1824 | $1166272 | $270.69 | $627.67 | 0.00% | 1.45% | 0.53% | 10.74% | 12.83% |
| 2024 | 2939 | $1697503 | $239.92 | $564.50 | 0.00% | 1.45% | 0.60% | 9.95% | 11.58% |
| 2023 | 3022 | $1582314 | $215.02 | $513.41 | 0.00% | 1.45% | 0.64% | 19.30% | 21.05% |
| 2022 | 3060 | $1338922 | $177.63 | $430.36 | 0.00% | 1.45% | 0.54% | (11.97)% | (10.68)% |
| 2021 | 3061 | $1515342 | $198.87 | $488.88 | 0.00% | 1.45% | 0.64% | 23.32% | 25.14% |
|  **<u>1290 VT High Yield Bond (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 515 | $76125 | $142.22 | $164.37 | 0.00% | 1.45% | 6.97% | 5.60% | 7.50% |
| 2024 | 320 | $44284 | $136.00 | $152.90 | 0.00% | 1.34% | 6.52% | 6.08% | 7.52% |
| 2023 | 278 | $36385 | $128.20 | $142.20 | 0.00% | 1.34% | 6.52% | 10.91% | 12.42% |
| 2022 | 245 | $28838 | $115.59 | $126.49 | 0.00% | 1.34% | 5.30% | (11.43)% | (10.24)% |
| 2021 | 237 | $31151 | $130.51 | $140.92 | 0.00% | 1.34% | 4.69% | 2.55% | 3.95% |
|  **<u>1290 VT Micro Cap (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 6 | $1075 | $192.87 | $193.57 | 1.20% | 1.25% | 0.37% | 12.03% | 14.99% |
| 2024 | 8 | $1292 | $167.80 | $168.33 | 1.20% | 1.25% | 0.28% | 18.58% | 18.64% |
| 2023 | 8 | $1189 | $141.51 | $141.88 | 1.20% | 1.25% | 0.50% | 6.21% | 6.27% |
| 2022 | 10 | $1338 | $133.23 | $133.51 | 1.20% | 1.25% | 0.16% | (26.86)% | (26.82)% |
| 2021 | 10 | $1697 | $182.15 | $182.44 | 1.20% | 1.25% | 0.00% | 9.50% | 9.55% |
|  **<u>1290 VT Small Cap Value (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 710 | $153874 | $236.08 | $276.89 | 0.00% | 1.45% | 1.14% | 2.41% | 6.09% |
| 2024 | 846 | $175205 | $225.81 | $261.00 | 0.00% | 1.45% | 1.45% | 19.04% | 20.81% |
| 2023 | 892 | $154645 | $189.69 | $216.05 | 0.00% | 1.45% | 1.17% | 4.21% | 5.74% |
| 2022 | 929 | $153013 | $182.02 | $204.33 | 0.00% | 1.45% | 0.44% | (1.36)% | 0.09% |
| 2021 | 935 | $156714 | $184.53 | $204.15 | 0.00% | 1.45% | 1.11% | 36.56% | 38.57% |
|  **<u>1290 VT SmartBeta Equity ESG (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 267 | $62356 | $187.15 | $279.26 | 0.00% | 1.45% | 0.61% | 11.71% | 13.98% |
| 2024 | 423 | $88292 | $166.61 | $245.01 | 0.00% | 1.45% | 0.92% | 14.67% | 16.37% |
| 2023 | 444 | $80398 | $145.29 | $210.55 | 0.00% | 1.45% | 1.38% | 14.87% | 16.56% |
| 2022 | 423 | $66347 | $126.48 | $180.64 | 0.00% | 1.45% | 1.23% | (15.80)% | (14.56)% |
| 2021 | 404 | $74883 | $150.22 | $198.81 | 0.25% | 1.45% | 1.29% | 21.30% | 22.78% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**8.** Financial Highlights (Continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>1290 VT Socially Responsible (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 252 | $105507 | $366.98 | $522.17 | 0.00% | 1.45% | 0.33% | 13.91% | 17.22% |
| 2024 | 347 | $125790 | $313.08 | $452.02 | 0.00% | 1.45% | 0.46% | 19.90% | 21.68% |
| 2023 | 352 | $106836 | $257.30 | $376.99 | 0.00% | 1.45% | 0.76% | 25.65% | 27.50% |
| 2022 | 356 | $85773 | $201.81 | $300.02 | 0.00% | 1.45% | 0.65% | (23.24)% | (22.11)% |
| 2021 | 346 | $108352 | $259.09 | $390.84 | 0.00% | 1.45% | 0.49% | 28.42% | 30.31% |
|  **<u>American Funds Insurance Series<sup>®</sup> The Bond Fund of America<sup>®</sup> (Class 4)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 567 | $61686 | $104.46 | $122.32 | 0.00% | 1.45% | 3.28% | 5.43% | 7.10% |
| 2024 | 927 | $95037 | $99.08 | $114.34 | 0.00% | 1.45% | 4.08% | (0.50)% | 0.98% |
| 2023 | 877 | $90189 | $99.58 | $113.23 | 0.00% | 1.45% | 3.37% | 3.21% | 4.72% |
| 2022 | 835 | $82925 | $96.48 | $108.43 | 0.25% | 1.45% | 2.76% | (14.01)% | (12.96)% |
| 2021 | 807 | $92711 | $112.20 | $124.58 | 0.25% | 1.45% | 1.26% | (2.03)% | (0.84)% |
|  **<u>EQ/400 Managed Volatility (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 83 | $27707 | $234.73 | $260.69 | 0.00% | 1.45% | 0.81% | 1.81% | 3.31% |
| 2024 | 117 | $38447 | $227.21 | $256.05 | 0.00% | 1.45% | 1.09% | 11.24% | 12.89% |
| 2023 | 116 | $33871 | $201.27 | $230.18 | 0.00% | 1.45% | 1.21% | 13.77% | 15.43% |
| 2022 | 111 | $28243 | $174.36 | $202.32 | 0.00% | 1.45% | 0.78% | (16.74)% | (15.51)% |
| 2021 | 105 | $32487 | $206.37 | $242.99 | 0.00% | 1.45% | 0.41% | 21.88% | 23.67% |
|  **<u>EQ/500 Managed Volatility (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 124 | $62048 | $350.07 | $421.65 | 0.00% | 1.45% | 0.68% | 10.58% | 13.35% |
| 2024 | 177 | $79234 | $308.84 | $377.46 | 0.00% | 1.45% | 1.12% | 22.10% | 23.91% |
| 2023 | 174 | $63177 | $249.25 | $387.45 | 0.00% | 1.34% | 1.18% | 23.57% | 25.24% |
| 2022 | 163 | $48048 | $199.01 | $313.54 | 0.00% | 1.34% | 0.86% | (21.06)% | (19.99)% |
| 2021 | 151 | $57161 | $248.73 | $397.19 | 0.00% | 1.34% | 0.58% | 25.90% | 27.61% |
|  **<u>EQ/2000 Managed Volatility (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 48 | $13986 | $217.77 | $315.24 | 0.00% | 1.34% | 0.87% | 6.06% | 9.31% |
| 2024 | 69 | $18468 | $199.22 | $292.30 | 0.00% | 1.34% | 1.44% | 9.18% | 10.67% |
| 2023 | 66 | $16484 | $180.01 | $267.72 | 0.00% | 1.34% | 1.31% | 14.43% | 15.98% |
| 2022 | 63 | $13462 | $155.21 | $233.96 | 0.00% | 1.34% | 0.77% | (23.44)% | (22.41)% |
| 2021 | 56 | $16121 | $200.03 | $305.61 | 0.00% | 1.34% | 0.40% | 12.40% | 13.93% |
|  **<u>EQ/AB Dynamic Moderate Growth (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 67 | $12964 | $180.20 | $189.78 | 0.00% | 1.34% | 1.10% | 11.41% | 13.43% |
| 2024 | 103 | $17804 | $169.58 | $194.85 | 0.25% | 1.34% | 1.62% | 9.31% | 10.53% |
| 2023 | 111 | $17527 | $155.13 | $176.28 | 0.25% | 1.34% | 1.03% | 11.42% | 12.65% |
| 2022 | 114 | $16367 | $139.23 | $156.49 | 0.25% | 1.34% | 0.56% | (15.77)% | (14.84)% |
| 2021 | 125 | $20919 | $165.29 | $183.76 | 0.25% | 1.34% | 1.47% | 10.52% | 11.74% |
|  **<u>EQ/AB Short Duration Government Bond (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 |  | $18 | $103.32 | $103.32 | 1.30% | 1.30% | 3.49% | 2.86% | 2.86% |
| 2024 |  | $19 | $100.46 | $100.46 | 1.30% | 1.30% | 2.25% | 3.04% | 3.04% |
| 2023 |  | $20 | $97.50 | $97.50 | 1.30% | 1.30% | 0.02% | 2.98% | 2.98% |
| 2022 |  | $— | $94.68 | $94.68 | 1.30% | 1.30% | 0.00% | (3.11)% | (3.11)% |
|  **<u>EQ/AB Small Cap Growth (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 818 | $493544 | $258.00 | $506.05 | 0.00% | 1.45% | 0.14% | 5.64% | 9.24% |
| 2024 | 1083 | $595929 | $236.17 | $470.05 | 0.00% | 1.45% | 0.29% | 12.25% | 13.91% |
| 2023 | 555 | $220024 | $207.33 | $326.02 | 0.00% | 1.30% | 0.26% | 16.22% | 17.73% |
| 2022 | 513 | $175131 | $176.11 | $280.53 | 0.00% | 1.30% | 0.15% | (29.38)% | (28.46)% |
| 2021 | 368 | $176553 | $246.17 | $397.24 | 0.00% | 1.30% | 0.00% | 11.47% | 12.92% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**8.** Financial Highlights (Continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>EQ/Aggressive Allocation (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1881 | $710180 | $246.38 | $355.71 | 0.00% | 1.45% | 1.17% | 10.37% | 12.94% |
| 2024 | 3109 | $1047594 | $218.15 | $319.59 | 0.00% | 1.45% | 2.17% | 12.08% | 13.73% |
| 2023 | 3204 | $959693 | $191.81 | $285.15 | 0.00% | 1.45% | 1.40% | 16.73% | 18.44% |
| 2022 | 3226 | $825481 | $161.95 | $244.29 | 0.00% | 1.45% | 0.89% | (19.54)% | (18.36)% |
| 2021 | 3221 | $1020027 | $198.37 | $303.62 | 0.00% | 1.45% | 4.14% | 15.48% | 17.18% |
|  **<u>EQ/Aggressive Growth Strategy (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 374 | $63087 | $166.41 | $180.63 | 0.00% | 1.45% | 1.45% | 9.62% | 12.15% |
| 2024 | 524 | $79833 | $150.57 | $161.06 | 0.00% | 1.45% | 2.21% | 12.45% | 14.11% |
| 2023 | 572 | $77302 | $134.44 | $141.15 | 0.00% | 1.34% | 1.30% | 16.63% | 18.22% |
| 2022 | 601 | $69451 | $115.27 | $119.40 | 0.00% | 1.34% | 0.84% | (19.44)% | (18.35)% |
| 2021 | 583 | $83648 | $143.08 | $146.23 | 0.00% | 1.34% | 2.52% | 15.23% | 16.81% |
|  **<u>EQ/All Asset Growth Allocation (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 144 | $38180 | $216.64 | $255.34 | 0.00% | 1.45% | 1.32% | 14.82% | 17.20% |
| 2024 | 410 | $93490 | $184.85 | $221.07 | 0.00% | 1.45% | 2.27% | 9.54% | 11.17% |
| 2023 | 442 | $92230 | $201.81 | $239.94 | 0.25% | 1.45% | 1.83% | 12.51% | 13.88% |
| 2022 | 475 | $87828 | $179.37 | $210.70 | 0.25% | 1.45% | 1.30% | (15.71)% | (14.69)% |
| 2021 | 484 | $106161 | $212.81 | $246.98 | 0.25% | 1.45% | 3.94% | 9.32% | 10.65% |
|  **<u>EQ/American Century Mid Cap Value (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 602 | $166454 | $177.66 | $232.32 | 0.00% | 1.45% | 1.19% | 7.05% | 8.73% |
| 2024 | 950 | $260617 | $165.80 | $213.66 | 0.00% | 1.45% | 1.83% | 6.75% | 8.34% |
| 2023 | 975 | $247091 | $155.31 | $197.22 | 0.00% | 1.45% | 1.72% | 4.47% | 6.00% |
| 2022 | 960 | $229777 | $148.67 | $186.06 | 0.00% | 1.45% | 2.97% | (2.91)% | (1.49)% |
| 2021 | 906 | $223775 | $153.13 | $188.88 | 0.00% | 1.45% | 1.16% | 21.22% | 23.01% |
|  **<u>EQ/Balanced Strategy (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 819 | $164275 | $180.00 | $181.58 | 0.00% | 1.45% | 2.09% | 7.97% | 10.07% |
| 2024 | 1082 | $197674 | $163.53 | $167.39 | 0.00% | 1.45% | 2.58% | 7.56% | 9.14% |
| 2023 | 1181 | $200352 | $149.83 | $155.63 | 0.00% | 1.45% | 1.51% | 11.59% | 13.22% |
| 2022 | 1258 | $191003 | $132.33 | $139.47 | 0.00% | 1.45% | 0.92% | (16.79)% | (15.56)% |
| 2021 | 1338 | $244542 | $156.72 | $167.61 | 0.00% | 1.45% | 2.17% | 7.90% | 9.49% |
|  **<u>EQ/Capital Group Research (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 569 | $364224 | $677.08 | $780.49 | 0.50% | 1.45% | 0.43% | 16.52% | 19.23% |
| 2024 | 684 | $371104 | $573.34 | $654.60 | 0.50% | 1.45% | 1.62% | 27.98% | 29.22% |
| 2023 | 750 | $318293 | $448.00 | $506.59 | 0.50% | 1.45% | 0.34% | 21.21% | 22.37% |
| 2022 | 803 | $281644 | $369.61 | $413.97 | 0.50% | 1.45% | 0.17% | (20.15)% | (19.38)% |
| 2021 | 835 | $367870 | $462.90 | $513.51 | 0.50% | 1.45% | 0.00% | 21.28% | 22.45% |
|  **<u>EQ/ClearBridge Large Cap Growth ESG (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 282 | $153273 | $99.86 | $520.94 | 0.00% | 1.45% | 0.00% | (2.72)% | 4.52% |
| 2024 | 359 | $184150 | $490.86 | $594.93 | 0.70% | 1.45% | 0.00% | 24.91% | 25.86% |
| 2023 | 406 | $166346 | $392.98 | $472.69 | 0.70% | 1.45% | 0.00% | 43.77% | 44.86% |
| 2022 | 451 | $128293 | $273.34 | $326.30 | 0.70% | 1.45% | 0.00% | (33.10)% | (32.59)% |
| 2021 | 478 | $203115 | $408.57 | $484.06 | 0.70% | 1.45% | 0.00% | 19.95% | 20.87% |
|  **<u>EQ/ClearBridge Select Equity Managed Volatility (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 120 | $41760 | $316.33 | $341.76 | 0.00% | 1.45% | 0.12% | 4.54% | 7.64% |
| 2024 | 165 | $54453 | $293.89 | $322.19 | 0.00% | 1.45% | 0.32% | 20.65% | 22.43% |
| 2023 | 178 | $48537 | $240.04 | $267.04 | 0.00% | 1.45% | 0.60% | 22.81% | 24.61% |
| 2022 | 183 | $40723 | $192.64 | $217.45 | 0.00% | 1.45% | 0.36% | (28.12)% | (27.06)% |
| 2021 | 185 | $57622 | $264.12 | $302.53 | 0.00% | 1.45% | 0.45% | 23.31% | 25.12% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**8.** Financial Highlights (Continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>EQ/Common Stock Index (Class IA)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1466 | $2255317 | $477.58 | $749.86 | 0.70% | 1.45% | 0.56% | 13.34% | 15.49% |
| 2024 | 1893 | $2518010 | $416.68 | $649.30 | 0.70% | 1.45% | 0.74% | 21.28% | 22.21% |
| 2023 | 2125 | $2322667 | $343.57 | $531.32 | 0.70% | 1.45% | 1.10% | 23.32% | 24.26% |
| 2022 | 2326 | $2054392 | $278.59 | $427.59 | 0.70% | 1.45% | 0.76% | (20.66)% | (20.05)% |
| 2021 | 2511 | $2785672 | $351.13 | $534.85 | 0.70% | 1.45% | 0.68% | 23.12% | 24.05% |
|  **<u>EQ/Common Stock Index (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 477 | $222382 | $360.01 | $431.64 | 0.00% | 1.30% | 0.56% | 13.52% | 16.29% |
| 2024 | 959 | $395723 | $309.58 | $376.01 | 0.00% | 1.30% | 0.74% | 21.48% | 23.07% |
| 2023 | 986 | $333483 | $251.55 | $309.52 | 0.00% | 1.30% | 1.10% | 23.53% | 25.13% |
| 2022 | 986 | $269305 | $201.03 | $250.57 | 0.00% | 1.30% | 0.76% | (20.52)% | (19.49)% |
| 2021 | 987 | $337941 | $249.69 | $315.28 | 0.00% | 1.30% | 0.68% | 23.32% | 24.93% |
|  **<u>EQ/Conservative Allocation (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 324 | $49730 | $135.14 | $146.75 | 0.00% | 1.45% | 2.34% | 5.74% | 7.49% |
| 2024 | 577 | $82673 | $125.72 | $138.54 | 0.00% | 1.45% | 2.98% | 3.11% | 4.64% |
| 2023 | 626 | $86447 | $120.15 | $134.36 | 0.00% | 1.45% | 2.32% | 6.39% | 7.94% |
| 2022 | 673 | $86806 | $111.31 | $126.29 | 0.00% | 1.45% | 1.40% | (13.86)% | (12.60)% |
| 2021 | 712 | $106787 | $127.35 | $146.61 | 0.00% | 1.45% | 1.41% | 1.22% | 2.71% |
|  **<u>EQ/Conservative Growth Strategy (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 154 | $26735 | $161.65 | $163.76 | 0.00% | 1.34% | 2.01% | 7.52% | 9.36% |
| 2024 | 269 | $42434 | $149.74 | $149.81 | 0.00% | 1.34% | 2.83% | 6.18% | 7.63% |
| 2023 | 269 | $40101 | $139.12 | $141.09 | 0.00% | 1.34% | 1.57% | 10.09% | 11.58% |
| 2022 | 277 | $37479 | $124.68 | $128.16 | 0.00% | 1.34% | 0.95% | (15.66)% | (14.52)% |
| 2021 | 282 | $44995 | $151.96 | $168.94 | 0.25% | 1.34% | 1.59% | 5.65% | 6.82% |
|  **<u>EQ/Conservative Strategy (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 77 | $10353 | $123.61 | $135.18 | 0.00% | 1.34% | 2.56% | 6.26% | 7.84% |
| 2024 | 110 | $13481 | $116.17 | $125.35 | 0.00% | 1.34% | 2.89% | 3.38% | 4.79% |
| 2023 | 121 | $14408 | $112.37 | $119.62 | 0.00% | 1.34% | 1.75% | 6.84% | 8.29% |
| 2022 | 112 | $12459 | $105.18 | $110.46 | 0.00% | 1.34% | 1.05% | (13.45)% | (12.27)% |
| 2021 | 104 | $13257 | $121.52 | $125.91 | 0.00% | 1.34% | 1.08% | 1.09% | 2.46% |
|  **<u>EQ/Conservative-Plus Allocation (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 632 | $125749 | $161.02 | $188.87 | 0.00% | 1.45% | 2.00% | 7.06% | 9.03% |
| 2024 | 1108 | $202487 | $147.69 | $175.77 | 0.00% | 1.45% | 2.68% | 5.47% | 7.03% |
| 2023 | 1191 | $205614 | $137.99 | $166.66 | 0.00% | 1.45% | 2.03% | 9.32% | 10.92% |
| 2022 | 1238 | $194742 | $124.40 | $152.45 | 0.00% | 1.45% | 1.26% | (15.79)% | (14.55)% |
| 2021 | 1290 | $240230 | $145.58 | $181.03 | 0.00% | 1.45% | 2.09% | 5.18% | 6.73% |
|  **<u>EQ/Core Bond Index (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 840 | $102572 | $115.47 | $117.30 | 0.00% | 1.45% | 2.57% | 4.86% | 6.44% |
| 2024 | 1205 | $139835 | $110.12 | $110.25 | 0.00% | 1.45% | 2.55% | 0.93% | 2.42% |
| 2023 | 1138 | $130145 | $107.64 | $109.11 | 0.00% | 1.45% | 2.13% | 3.05% | 4.56% |
| 2022 | 1109 | $122602 | $102.95 | $105.88 | 0.00% | 1.45% | 1.62% | (10.07)% | (8.74)% |
| 2021 | 1123 | $137703 | $112.81 | $117.73 | 0.00% | 1.45% | 1.44% | (3.52)% | (2.09)% |
|  **<u>EQ/Core Plus Bond (Class IA)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 343 | $60571 | $102.51 | $135.72 | 0.70% | 1.45% | 4.66% | 6.69% | 7.70% |
| 2024 | 378 | $62457 | $95.91 | $126.02 | 0.70% | 1.45% | 5.03% | (2.12)% | (1.38)% |
| 2023 | 397 | $67041 | $97.99 | $127.78 | 0.70% | 1.45% | 2.37% | 3.02% | 3.79% |
| 2022 | 410 | $66853 | $95.12 | $123.11 | 0.70% | 1.45% | 2.38% | (14.20)% | (13.54)% |
| 2021 | 431 | $81821 | $110.86 | $142.39 | 0.70% | 1.45% | 1.59% | (3.10)% | (2.37)% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**8.** Financial Highlights (Continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>EQ/Core Plus Bond (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 272 | $30755 | $102.33 | $122.53 | 0.00% | 1.30% | 4.66% | 7.01% | 8.60% |
| 2024 | 462 | $47884 | $95.45 | $112.83 | 0.00% | 1.30% | 5.03% | (1.96)% | (0.67)% |
| 2023 | 460 | $48665 | $97.36 | $113.59 | 0.00% | 1.30% | 2.37% | 3.18% | 4.53% |
| 2022 | 453 | $46497 | $94.36 | $108.67 | 0.00% | 1.30% | 2.38% | (14.05)% | (12.94)% |
| 2021 | 452 | $53761 | $109.79 | $171.41 | 0.25% | 1.30% | 1.59% | (2.94)% | (1.93)% |
|  **<u>EQ/Emerging Markets Equity PLUS (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 213 | $29137 | $132.23 | $192.34 | 0.00% | 1.45% | 1.89% | 31.44% | 33.45% |
| 2024 | 328 | $34186 | $100.54 | $144.13 | 0.00% | 1.45% | 2.17% | 2.46% | 3.97% |
| 2023 | 332 | $33375 | $98.13 | $138.63 | 0.00% | 1.45% | 2.58% | 8.77% | 10.37% |
| 2022 | 304 | $28254 | $90.22 | $125.60 | 0.00% | 1.45% | 2.20% | (18.77)% | (17.58)% |
| 2021 | 269 | $30400 | $111.07 | $152.39 | 0.00% | 1.45% | 1.31% | (2.02)% | (0.58)% |
|  **<u>EQ/Equity 500 Index (Class IA)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1378 | $2016282 | $562.80 | $876.15 | 0.70% | 1.45% | 0.62% | 14.36% | 16.42% |
| 2024 | 1562 | $1984507 | $487.11 | $752.60 | 0.70% | 1.45% | 0.89% | 22.50% | 23.44% |
| 2023 | 1649 | $1706712 | $397.63 | $609.68 | 0.70% | 1.45% | 1.14% | 23.76% | 24.70% |
| 2022 | 1703 | $1424313 | $321.29 | $488.93 | 0.70% | 1.45% | 1.08% | (19.72)% | (19.11)% |
| 2021 | 1743 | $1817257 | $400.20 | $604.42 | 0.70% | 1.45% | 0.87% | 26.12% | 27.08% |
|  **<u>EQ/Equity 500 Index (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 2406 | $1383167 | $382.83 | $502.19 | 0.00% | 1.30% | 0.62% | 14.54% | 17.23% |
| 2024 | 5042 | $2505553 | $326.56 | $433.96 | 0.00% | 1.30% | 0.89% | 22.71% | 24.31% |
| 2023 | 4688 | $1891832 | $262.69 | $353.65 | 0.00% | 1.30% | 1.14% | 23.96% | 25.57% |
| 2022 | 4194 | $1359501 | $209.19 | $285.29 | 0.00% | 1.30% | 1.08% | (19.58)% | (18.54)% |
| 2021 | 3680 | $1477455 | $256.80 | $354.77 | 0.00% | 1.30% | 0.87% | 26.33% | 27.98% |
|  **<u>EQ/Fidelity Institutional AM<sup>®</sup> Large Cap (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1045 | $611109 | $386.32 | $473.39 | 0.00% | 1.45% | 0.28% | 15.29% | 18.35% |
| 2024 | 1733 | $852715 | $326.43 | $405.88 | 0.00% | 1.45% | 0.37% | 22.70% | 24.51% |
| 2023 | 1810 | $726220 | $262.17 | $330.80 | 0.00% | 1.45% | 0.45% | 29.49% | 31.38% |
| 2022 | 1851 | $573675 | $199.55 | $255.47 | 0.00% | 1.45% | 0.51% | (22.21)% | (21.06)% |
| 2021 | 1824 | $725547 | $252.79 | $328.40 | 0.00% | 1.45% | 0.39% | 23.40% | 25.22% |
|  **<u>EQ/Franklin Rising Dividends (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 149 | $29940 | $201.11 | $201.84 | 1.20% | 1.25% | 0.73% | 10.03% | 10.49% |
| 2024 | 172 | $31233 | $182.10 | $182.67 | 1.20% | 1.25% | 0.87% | 9.40% | 9.45% |
| 2023 | 175 | $29255 | $166.46 | $166.90 | 1.20% | 1.25% | 1.12% | 10.73% | 10.79% |
| 2022 | 172 | $25985 | $150.33 | $150.65 | 1.20% | 1.25% | 0.81% | (11.73)% | (11.68)% |
| 2021 | 152 | $25837 | $170.30 | $170.58 | 1.20% | 1.25% | 0.71% | 25.19% | 25.26% |
|  **<u>EQ/Franklin Small Cap Value Managed Volatility (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 70 | $18602 | $224.14 | $258.02 | 0.00% | 1.34% | 0.85% | 4.66% | 7.04% |
| 2024 | 94 | $23897 | $209.39 | $244.32 | 0.00% | 1.34% | 1.22% | 9.59% | 11.08% |
| 2023 | 97 | $22596 | $188.50 | $222.94 | 0.00% | 1.34% | 1.13% | 12.52% | 14.05% |
| 2022 | 101 | $20876 | $165.28 | $198.13 | 0.00% | 1.34% | 0.44% | (18.20)% | (17.09)% |
| 2021 | 104 | $25749 | $199.36 | $242.22 | 0.00% | 1.34% | 0.37% | 18.03% | 19.64% |
|  **<u>EQ/Global Equity Managed Volatility (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 755 | $367747 | $245.07 | $622.80 | 0.00% | 1.45% | 0.77% | 16.69% | 19.13% |
| 2024 | 939 | $399689 | $205.71 | $530.45 | 0.00% | 1.45% | 1.24% | 10.98% | 12.63% |
| 2023 | 1017 | $387371 | $182.65 | $477.96 | 0.00% | 1.45% | 0.88% | 19.58% | 21.33% |
| 2022 | 1066 | $339266 | $150.54 | $399.70 | 0.00% | 1.45% | 0.35% | (22.09)% | (20.94)% |
| 2021 | 1094 | $445838 | $190.42 | $513.03 | 0.00% | 1.45% | 0.89% | 14.21% | 15.89% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**8.** Financial Highlights (Continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>EQ/Goldman Sachs Mid Cap Value (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 236 | $73428 | $242.03 | $283.88 | 0.00% | 1.45% | 0.89% | 6.83% | 9.21% |
| 2024 | 338 | $99059 | $221.62 | $263.77 | 0.00% | 1.45% | 0.80% | 10.28% | 11.91% |
| 2023 | 343 | $91432 | $198.03 | $239.18 | 0.00% | 1.45% | 0.75% | 9.62% | 11.22% |
| 2022 | 345 | $82590 | $178.05 | $218.20 | 0.00% | 1.45% | 0.63% | (11.90)% | (10.61)% |
| 2021 | 332 | $90148 | $199.18 | $247.68 | 0.00% | 1.45% | 0.26% | 28.61% | 30.50% |
|  **<u>EQ/Growth Strategy (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 6 | $1627 | $276.51 | $283.44 | 1.10% | 1.25% | 1.72% | 10.07% | 10.24% |
| 2024 | 8 | $1806 | $251.21 | $257.12 | 1.10% | 1.25% | 2.43% | 10.97% | 11.14% |
| 2023 | 8 | $1647 | $226.37 | $231.34 | 1.10% | 1.25% | 1.41% | 15.05% | 15.22% |
| 2022 | 8 | $1451 | $196.76 | $200.78 | 1.10% | 1.25% | 0.86% | (18.47)% | (18.34)% |
| 2021 | 8 | $1804 | $241.32 | $245.87 | 1.10% | 1.25% | 2.25% | 12.90% | 13.07% |
|  **<u>EQ/Intermediate Government Bond (Class IA)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 160 | $27176 | $134.25 | $172.07 | 0.70% | 1.45% | 2.85% | 3.99% | 4.82% |
| 2024 | 184 | $29698 | $129.10 | $164.22 | 0.70% | 1.45% | 2.46% | 0.91% | 1.68% |
| 2023 | 196 | $31382 | $127.93 | $161.50 | 0.70% | 1.45% | 2.71% | 2.37% | 3.15% |
| 2022 | 196 | $30182 | $124.97 | $156.57 | 0.70% | 1.45% | 0.91% | (8.98)% | (8.29)% |
| 2021 | 208 | $35700 | $137.30 | $170.72 | 0.70% | 1.45% | 0.69% | (3.55)% | (2.82)% |
|  **<u>EQ/Intermediate Government Bond (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 58 | $7129 | $105.64 | $111.18 | 0.00% | 1.30% | 2.85% | 4.28% | 5.63% |
| 2024 | 78 | $9248 | $101.35 | $105.29 | 0.00% | 1.30% | 2.46% | 1.08% | 2.40% |
| 2023 | 82 | $10047 | $100.27 | $102.82 | 0.00% | 1.30% | 2.71% | 2.54% | 3.87% |
| 2022 | 82 | $9523 | $97.79 | $98.99 | 0.00% | 1.30% | 0.91% | (8.83)% | (7.64)% |
| 2021 | 95 | $12021 | $107.18 | $107.26 | 0.00% | 1.30% | 0.69% | (3.39)% | (2.13)% |
|  **<u>EQ/International Core Managed Volatility (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 679 | $141882 | $198.99 | $247.69 | 0.00% | 1.45% | 1.19% | 24.23% | 26.14% |
| 2024 | 967 | $163040 | $157.86 | $199.38 | 0.00% | 1.45% | 2.15% | 1.78% | 3.28% |
| 2023 | 1018 | $168378 | $152.84 | $195.90 | 0.00% | 1.45% | 1.75% | 15.09% | 16.78% |
| 2022 | 1064 | $152486 | $114.87 | $170.21 | 0.40% | 1.45% | 1.24% | (15.36)% | (14.46)% |
| 2021 | 1081 | $182595 | $134.29 | $201.11 | 0.40% | 1.45% | 2.29% | 8.44% | 9.59% |
|  **<u>EQ/International Equity Index (Class IA)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1513 | $385794 | $194.23 | $268.38 | 0.70% | 1.45% | 3.32% | 29.58% | 30.70% |
| 2024 | 1688 | $331511 | $149.89 | $205.55 | 0.70% | 1.45% | 3.00% | 3.34% | 4.13% |
| 2023 | 1796 | $340660 | $145.05 | $197.40 | 0.70% | 1.45% | 2.94% | 17.34% | 18.22% |
| 2022 | 1877 | $302628 | $123.62 | $166.97 | 0.70% | 1.45% | 2.56% | (13.18)% | (12.52)% |
| 2021 | 1899 | $352221 | $142.39 | $190.87 | 0.70% | 1.45% | 3.25% | 9.34% | 10.17% |
|  **<u>EQ/International Equity Index (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 605 | $125059 | $149.56 | $212.04 | 0.00% | 1.30% | 3.32% | 29.80% | 31.63% |
| 2024 | 1189 | $185363 | $115.22 | $161.25 | 0.00% | 1.30% | 3.00% | 3.51% | 4.87% |
| 2023 | 982 | $147190 | $111.31 | $153.76 | 0.00% | 1.30% | 2.94% | 17.54% | 19.06% |
| 2022 | 790 | $99993 | $94.70 | $129.15 | 0.00% | 1.30% | 2.56% | (13.04)% | (11.90)% |
| 2021 | 598 | $86293 | $108.90 | $146.60 | 0.00% | 1.30% | 3.25% | 9.51% | 10.94% |
|  **<u>EQ/International Managed Volatility (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 83 | $15781 | $190.96 | $192.59 | 0.00% | 1.34% | 1.83% | 24.12% | 25.89% |
| 2024 | 131 | $20059 | $151.69 | $155.06 | 0.00% | 1.34% | 2.59% | 1.29% | 2.67% |
| 2023 | 133 | $19925 | $147.74 | $153.09 | 0.00% | 1.34% | 2.33% | 15.33% | 16.88% |
| 2022 | 128 | $16636 | $126.40 | $132.74 | 0.00% | 1.34% | 1.15% | (16.13)% | (14.99)% |
| 2021 | 117 | $18230 | $158.27 | $167.96 | 0.25% | 1.34% | 3.23% | 9.17% | 10.38% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**8.** Financial Highlights (Continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>EQ/International Value Managed Volatility (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 802 | $171033 | $187.51 | $225.45 | 0.00% | 1.45% | 2.13% | 24.86% | 27.30% |
| 2024 | 953 | $162818 | $147.99 | $180.56 | 0.00% | 1.45% | 2.33% | (0.04)% | 1.43% |
| 2023 | 1011 | $172543 | $145.90 | $180.64 | 0.00% | 1.45% | 2.10% | 16.88% | 18.59% |
| 2022 | 1058 | $154418 | $123.03 | $154.55 | 0.00% | 1.45% | 1.58% | (14.91)% | (13.66)% |
| 2021 | 1079 | $184386 | $174.47 | $181.63 | 0.25% | 1.45% | 2.17% | 8.71% | 10.04% |
|  **<u>EQ/Invesco Comstock (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 329 | $135865 | $298.30 | $397.33 | 0.00% | 1.45% | 1.14% | 14.36% | 16.93% |
| 2024 | 458 | $163483 | $255.12 | $344.82 | 0.00% | 1.45% | 1.46% | 13.18% | 14.85% |
| 2023 | 480 | $151602 | $222.13 | $304.67 | 0.00% | 1.45% | 1.59% | 10.38% | 12.00% |
| 2022 | 515 | $146664 | $198.33 | $276.02 | 0.00% | 1.45% | 1.62% | (0.95)% | 0.51% |
| 2021 | 519 | $148952 | $197.33 | $278.66 | 0.00% | 1.45% | 1.14% | 31.08% | 33.00% |
|  **<u>EQ/Invesco Global (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 731 | $255519 | $276.19 | $335.51 | 0.00% | 1.45% | 0.00% | 12.53% | 15.42% |
| 2024 | 1233 | $377936 | $239.30 | $294.96 | 0.00% | 1.45% | 0.00% | 14.12% | 15.81% |
| 2023 | 1255 | $335957 | $206.64 | $258.47 | 0.00% | 1.45% | 0.00% | 31.89% | 33.83% |
| 2022 | 1234 | $249495 | $154.40 | $195.97 | 0.00% | 1.45% | 0.00% | (33.01)% | (32.02)% |
| 2021 | 1170 | $352276 | $227.14 | $292.52 | 0.00% | 1.45% | 0.00% | 13.41% | 15.07% |
|  **<u>EQ/Invesco Global Real Assets (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 362 | $74741 | $161.59 | $171.36 | 0.00% | 1.45% | 2.14% | 13.62% | 15.96% |
| 2024 | 549 | $99136 | $139.35 | $149.94 | 0.00% | 1.45% | 2.27% | (1.22)% | 0.24% |
| 2023 | 576 | $104808 | $139.01 | $151.79 | 0.00% | 1.45% | 2.22% | 8.54% | 10.13% |
| 2022 | 577 | $96588 | $126.22 | $139.85 | 0.00% | 1.45% | 1.62% | (10.32)% | (9.00)% |
| 2021 | 590 | $109607 | $138.70 | $155.94 | 0.00% | 1.45% | 3.05% | 19.25% | 21.00% |
|  **<u>EQ/Janus Enterprise (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1014 | $480758 | $283.79 | $483.40 | 0.00% | 1.45% | 0.00% | 5.57% | 8.05% |
| 2024 | 1440 | $647345 | $262.64 | $453.94 | 0.00% | 1.45% | 0.01% | 12.48% | 14.14% |
| 2023 | 1506 | $601690 | $230.10 | $403.58 | 0.00% | 1.45% | 0.03% | 15.33% | 17.02% |
| 2022 | 1535 | $530551 | $196.63 | $349.94 | 0.00% | 1.45% | 0.00% | (17.79)% | (16.58)% |
| 2021 | 1544 | $649747 | $235.72 | $425.67 | 0.00% | 1.45% | 0.10% | 15.15% | 16.84% |
|  **<u>EQ/JPMorgan Growth Stock (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1818 | $1148964 | $389.56 | $604.44 | 0.00% | 1.45% | 0.00% | 11.05% | 14.75% |
| 2024 | 2861 | $1591836 | $339.49 | $534.49 | 0.00% | 1.45% | 0.00% | 31.83% | 33.78% |
| 2023 | 2975 | $1249813 | $253.76 | $405.44 | 0.00% | 1.45% | 0.00% | 44.21% | 46.32% |
| 2022 | 2957 | $857839 | $173.43 | $281.14 | 0.00% | 1.45% | 0.00% | (39.53)% | (38.64)% |
| 2021 | 2844 | $1358397 | $282.63 | $464.91 | 0.00% | 1.45% | 0.00% | 12.18% | 13.83% |
|  **<u>EQ/JPMorgan Value Opportunities (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 817 | $415089 | $312.96 | $436.95 | 0.00% | 1.45% | 0.96% | 12.39% | 15.41% |
| 2024 | 1119 | $487244 | $271.18 | $384.19 | 0.00% | 1.45% | 1.18% | 13.74% | 15.43% |
| 2023 | 1103 | $421450 | $234.94 | $337.77 | 0.00% | 1.45% | 1.47% | 9.31% | 10.92% |
| 2022 | 1031 | $361316 | $211.81 | $308.99 | 0.00% | 1.45% | 1.12% | (1.22)% | 0.23% |
| 2021 | 899 | $320956 | $211.33 | $312.81 | 0.00% | 1.45% | 0.72% | 21.41% | 23.20% |
|  **<u>EQ/Large Cap Core Managed Volatility (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 90 | $37164 | $338.86 | $394.97 | 0.00% | 1.45% | 0.70% | 7.87% | 10.88% |
| 2024 | 123 | $46869 | $305.62 | $361.47 | 0.00% | 1.45% | 0.99% | 21.83% | 23.64% |
| 2023 | 131 | $40965 | $247.19 | $296.69 | 0.00% | 1.45% | 1.75% | 22.14% | 23.94% |
| 2022 | 138 | $35115 | $199.45 | $242.90 | 0.00% | 1.45% | 0.01% | (19.58)% | (18.40)% |
| 2021 | 143 | $44902 | $302.03 | $371.60 | 0.25% | 1.45% | 0.40% | 25.47% | 27.00% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**8.** Financial Highlights (Continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>EQ/Large Cap Growth Index (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1154 | $665129 | $506.11 | $535.68 | 0.00% | 1.45% | 0.00% | 14.40% | 17.74% |
| 2024 | 1738 | $859504 | $429.87 | $461.68 | 0.00% | 1.45% | 0.04% | 30.40% | 32.32% |
| 2023 | 1745 | $660246 | $324.86 | $354.06 | 0.00% | 1.45% | 0.25% | 39.54% | 41.58% |
| 2022 | 1709 | $461729 | $229.46 | $253.74 | 0.00% | 1.45% | 0.24% | (30.57)% | (29.54)% |
| 2021 | 1689 | $654538 | $325.68 | $365.46 | 0.00% | 1.45% | 0.05% | 24.89% | 26.72% |
|  **<u>EQ/Large Cap Growth Managed Volatility (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1189 | $1009067 | $417.91 | $557.28 | 0.00% | 1.45% | 0.09% | 7.94% | 11.07% |
| 2024 | 1491 | $1127716 | $376.27 | $509.12 | 0.00% | 1.45% | 0.34% | 28.22% | 30.11% |
| 2023 | 1634 | $960814 | $289.19 | $397.08 | 0.00% | 1.45% | 0.41% | 36.98% | 38.98% |
| 2022 | 1743 | $746927 | $208.08 | $289.89 | 0.00% | 1.45% | 0.07% | (31.60)% | (30.59)% |
| 2021 | 1833 | $1147351 | $299.77 | $423.79 | 0.00% | 1.45% | 0.00% | 22.57% | 24.38% |
|  **<u>EQ/Large Cap Value Index (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 743 | $156171 | $197.25 | $253.01 | 0.00% | 1.45% | 1.03% | 12.47% | 15.00% |
| 2024 | 1160 | $212565 | $174.05 | $220.01 | 0.00% | 1.45% | 1.52% | 11.89% | 13.55% |
| 2023 | 1130 | $183902 | $155.55 | $193.76 | 0.00% | 1.45% | 1.68% | 9.13% | 10.73% |
| 2022 | 1082 | $160655 | $142.54 | $174.98 | 0.00% | 1.45% | 1.52% | (9.56)% | (8.23)% |
| 2021 | 980 | $160277 | $157.60 | $190.67 | 0.00% | 1.45% | 1.32% | 22.47% | 24.28% |
|  **<u>EQ/Large Cap Value Managed Volatility (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 2454 | $791028 | $248.01 | $332.74 | 0.00% | 1.45% | 1.30% | 8.26% | 10.63% |
| 2024 | 2920 | $862693 | $224.17 | $305.18 | 0.00% | 1.45% | 1.54% | 12.47% | 14.13% |
| 2023 | 334 | $90874 | $189.78 | $196.41 | 0.00% | 1.30% | 1.61% | 12.51% | 13.97% |
| 2022 | 361 | $86792 | $168.68 | $172.34 | 0.00% | 1.30% | 1.26% | (12.73)% | (11.60)% |
| 2021 | 384 | $105516 | $193.29 | $194.95 | 0.00% | 1.30% | 0.95% | 23.22% | 24.83% |
|  **<u>EQ/Lazard Emerging Markets Equity (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1334 | $235065 | $151.69 | $227.83 | 0.00% | 1.45% | 3.27% | 39.97% | 42.08% |
| 2024 | 2268 | $284607 | $108.37 | $160.41 | 0.00% | 1.45% | 3.96% | 5.78% | 7.35% |
| 2023 | 2352 | $278190 | $102.45 | $149.43 | 0.00% | 1.45% | 3.98% | 19.95% | 21.71% |
| 2022 | 2397 | $235538 | $85.41 | $122.78 | 0.00% | 1.45% | 4.23% | (16.12)% | (14.89)% |
| 2021 | 2323 | $271585 | $101.83 | $144.26 | 0.00% | 1.45% | 2.70% | 4.33% | 5.86% |
|  **<u>EQ/Loomis Sayles Growth (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 180 | $137826 | $463.05 | $771.20 | 0.00% | 1.45% | 0.00% | 9.79% | 13.10% |
| 2024 | 223 | $150024 | $409.43 | $691.93 | 0.00% | 1.45% | 0.00% | 31.82% | 33.77% |
| 2023 | 243 | $125387 | $306.08 | $524.91 | 0.00% | 1.45% | 0.00% | 41.67% | 43.74% |
| 2022 | 252 | $91946 | $212.94 | $370.52 | 0.00% | 1.45% | 0.00% | (29.03)% | (27.99)% |
| 2021 | 266 | $136151 | $295.69 | $522.09 | 0.00% | 1.45% | 0.00% | 14.50% | 16.18% |
|  **<u>EQ/MFS International Growth (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 836 | $301169 | $246.99 | $341.29 | 0.00% | 1.45% | 0.77% | 19.19% | 21.38% |
| 2024 | 1393 | $416670 | $204.21 | $286.33 | 0.00% | 1.45% | 0.76% | 7.19% | 8.77% |
| 2023 | 1402 | $389415 | $187.74 | $267.13 | 0.00% | 1.45% | 1.28% | 12.73% | 14.38% |
| 2022 | 1361 | $333404 | $164.13 | $236.96 | 0.00% | 1.45% | 1.11% | (16.42)% | (15.19)% |
| 2021 | 948 | $274960 | $193.53 | $283.51 | 0.00% | 1.45% | 0.24% | 7.84% | 9.43% |
|  **<u>EQ/MFS International Intrinsic Value (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1735 | $616211 | $255.46 | $297.69 | 0.00% | 1.45% | 1.06% | 30.97% | 32.94% |
| 2024 | 2953 | $792751 | $192.16 | $227.22 | 0.00% | 1.45% | 1.45% | 5.44% | 6.99% |
| 2023 | 3015 | $766508 | $179.60 | $215.50 | 0.00% | 1.45% | 1.29% | 15.66% | 17.35% |
| 2022 | 2992 | $656461 | $153.04 | $186.33 | 0.00% | 1.45% | 0.44% | (24.91)% | (23.81)% |
| 2021 | 2831 | $825653 | $200.86 | $248.14 | 0.00% | 1.45% | 0.37% | 8.64% | 10.24% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**8.** Financial Highlights (Continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>EQ/MFS Mid Cap Focused Growth (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 710 | $245556 | $334.01 | $413.65 | 0.00% | 1.45% | 0.00% | 2.50% | 5.60% |
| 2024 | 1058 | $351319 | $320.97 | $391.73 | 0.00% | 1.45% | 0.00% | 12.82% | 14.49% |
| 2023 | 1053 | $309132 | $284.50 | $342.16 | 0.00% | 1.45% | 0.00% | 20.55% | 22.32% |
| 2022 | 1039 | $252038 | $236.00 | $279.72 | 0.00% | 1.45% | 0.00% | (28.11)% | (27.06)% |
| 2021 | 1001 | $337721 | $328.29 | $383.48 | 0.00% | 1.45% | 0.00% | 17.15% | 18.87% |
|  **<u>EQ/MFS Technology (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 500 | $492855 | $567.80 | $762.29 | 0.00% | 1.45% | 0.00% | 12.64% | 16.25% |
| 2024 | 759 | $660929 | $488.43 | $665.38 | 0.00% | 1.45% | 0.00% | 34.08% | 36.06% |
| 2023 | 709 | $461477 | $358.98 | $496.25 | 0.00% | 1.45% | 0.00% | 51.88% | 54.11% |
| 2022 | 669 | $286940 | $232.94 | $326.73 | 0.00% | 1.45% | 0.00% | (37.22)% | (36.29)% |
| 2021 | 621 | $426069 | $365.64 | $520.41 | 0.00% | 1.45% | 0.00% | 12.14% | 13.79% |
|  **<u>EQ/MFS Utilities Series (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 308 | $94796 | $220.87 | $242.77 | 0.00% | 1.45% | 1.99% | 11.03% | 14.65% |
| 2024 | 532 | $144340 | $192.64 | $214.86 | 0.00% | 1.45% | 1.49% | 9.61% | 11.23% |
| 2023 | 563 | $139535 | $173.19 | $196.02 | 0.00% | 1.45% | 2.06% | (3.78)% | (2.37)% |
| 2022 | 582 | $149086 | $177.39 | $253.00 | 0.00% | 1.34% | 5.11% | (0.90)% | 0.44% |
| 2021 | 580 | $149916 | $176.61 | $205.80 | 0.00% | 1.45% | 1.22% | 12.26% | 13.91% |
|  **<u>EQ/Mid Cap Index (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 2358 | $921745 | $252.35 | $377.79 | 0.00% | 1.45% | 0.74% | 4.24% | 6.83% |
| 2024 | 3329 | $1234189 | $236.21 | $358.83 | 0.00% | 1.45% | 0.89% | 11.55% | 13.19% |
| 2023 | 3347 | $1106765 | $208.68 | $321.69 | 0.00% | 1.45% | 1.05% | 14.08% | 15.75% |
| 2022 | 3281 | $945957 | $180.28 | $281.99 | 0.00% | 1.45% | 1.00% | (14.86)% | (13.61)% |
| 2021 | 3184 | $1074260 | $208.68 | $331.21 | 0.00% | 1.45% | 0.64% | 22.09% | 23.88% |
|  **<u>EQ/Mid Cap Value Managed Volatility (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 942 | $420005 | $213.80 | $346.55 | 0.00% | 1.45% | 1.11% | 2.80% | 4.96% |
| 2024 | 1165 | $494550 | $203.70 | $335.05 | 0.00% | 1.45% | 1.37% | 10.04% | 11.67% |
| 2023 | 1259 | $485530 | $182.42 | $304.48 | 0.00% | 1.45% | 1.45% | 11.56% | 13.19% |
| 2022 | 1326 | $457350 | $161.16 | $272.94 | 0.00% | 1.45% | 0.93% | (15.81)% | (14.57)% |
| 2021 | 1392 | $569858 | $324.18 | $527.21 | 0.25% | 1.45% | 0.57% | 25.55% | 27.08% |
|  **<u>EQ/Moderate Allocation (Class IA)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 5296 | $792311 | $234.21 | $331.17 | 0.70% | 1.45% | 2.01% | 8.09% | 9.53% |
| 2024 | 6573 | $910826 | $215.73 | $302.35 | 0.70% | 1.45% | 2.62% | 6.34% | 7.16% |
| 2023 | 7236 | $936706 | $202.87 | $281.37 | 0.70% | 1.45% | 1.91% | 10.72% | 11.57% |
| 2022 | 7774 | $901414 | $183.22 | $252.20 | 0.70% | 1.45% | 1.24% | (16.69)% | (16.06)% |
| 2021 | 8302 | $1144684 | $219.92 | $300.44 | 0.70% | 1.45% | 2.57% | 6.85% | 7.66% |
|  **<u>EQ/Moderate Allocation (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1263 | $297170 | $174.45 | $178.73 | 0.00% | 1.30% | 2.01% | 8.32% | 10.22% |
| 2024 | 2796 | $606819 | $158.28 | $164.28 | 0.00% | 1.30% | 2.62% | 6.52% | 7.92% |
| 2023 | 2917 | $591128 | $146.67 | $154.22 | 0.00% | 1.30% | 1.91% | 10.91% | 12.35% |
| 2022 | 2995 | $544102 | $130.55 | $139.05 | 0.00% | 1.30% | 1.24% | (16.56)% | (15.47)% |
| 2021 | 3010 | $652034 | $154.44 | $166.64 | 0.00% | 1.30% | 2.57% | 7.03% | 8.42% |
|  **<u>EQ/Moderate Growth Strategy (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 448 | $98231 | $198.01 | $210.47 | 0.00% | 1.34% | 1.67% | 8.70% | 10.81% |
| 2024 | 762 | $150910 | $178.69 | $189.81 | 0.00% | 1.45% | 2.59% | 9.14% | 10.75% |
| 2023 | 755 | $136394 | $161.34 | $173.92 | 0.00% | 1.45% | 1.51% | 13.21% | 14.87% |
| 2022 | 727 | $115531 | $140.46 | $153.63 | 0.00% | 1.45% | 0.94% | (17.69)% | (16.48)% |
| 2021 | 688 | $132673 | $168.18 | $186.65 | 0.00% | 1.45% | 2.10% | 10.25% | 11.88% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**8.** Financial Highlights (Continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>EQ/Moderate-Plus Allocation (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 3234 | $971804 | $208.34 | $286.96 | 0.00% | 1.45% | 1.61% | 9.16% | 11.50% |
| 2024 | 5098 | $1388864 | $186.85 | $261.14 | 0.00% | 1.45% | 2.40% | 9.16% | 10.77% |
| 2023 | 5420 | $1347088 | $168.68 | $239.23 | 0.00% | 1.45% | 1.66% | 13.66% | 15.33% |
| 2022 | 5543 | $1207694 | $146.26 | $210.48 | 0.00% | 1.45% | 1.06% | (18.26)% | (17.06)% |
| 2021 | 5635 | $1497545 | $176.34 | $257.50 | 0.00% | 1.45% | 3.47% | 11.04% | 12.68% |
|  **<u>EQ/Money Market (Class IA)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 2360 | $58378 | $1.19 | $113.22 | 0.00% | 1.45% | 3.59% | 2.07% | 3.48% |
| 2024 | 2055 | $54424 | $1.15 | $110.90 | 0.00% | 1.45% | 4.53% | 3.15% | 4.68% |
| 2023 | 2378 | $50249 | $1.09 | $107.51 | 0.00% | 1.45% | 4.36% | 2.95% | 3.81% |
| 2022 | 1861 | $41073 | $1.05 | $104.43 | 0.00% | 1.45% | 1.07% | (0.37)% | 0.96% |
| 2021 | 1679 | $39190 | $1.04 | $104.82 | 0.00% | 1.45% | 0.00% | (1.26)% | 0.97% |
|  **<u>EQ/Money Market (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 5157 | $41882 | $99.84 | $118.72 | 0.00% | 1.30% | 3.59% | 2.31% | 3.66% |
| 2024 | 9415 | $67124 | $97.57 | $114.53 | 0.00% | 1.30% | 4.53% | 3.31% | 4.67% |
| 2023 | 8750 | $61165 | $1.09 | $94.44 | 0.00% | 1.30% | 4.36% | 3.11% | 3.81% |
| 2022 | 8607 | $53508 | $1.05 | $91.59 | 0.00% | 1.30% | 1.07% | (0.20)% | 0.96% |
| 2021 | 8888 | $44146 | $1.04 | $91.77 | 0.00% | 1.30% | 0.00% | (1.11)% | 0.97% |
|  **<u>EQ/Morgan Stanley Small Cap Growth (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 537 | $87607 | $165.23 | $179.34 | 0.00% | 1.45% | 0.27% | 2.15% | 7.39% |
| 2024 | 604 | $92308 | $156.12 | $167.00 | 0.00% | 1.45% | 0.01% | 18.97% | 20.73% |
| 2023 | 644 | $82897 | $131.23 | $138.33 | 0.00% | 1.45% | 0.00% | 32.46% | 34.41% |
| 2022 | 642 | $62580 | $99.07 | $102.92 | 0.00% | 1.45% | 0.01% | (44.97)% | (44.16)% |
| 2021 | 635 | $111721 | $180.04 | $184.32 | 0.00% | 1.45% | 0.00% | 1.27% | 2.75% |
|  **<u>EQ/PIMCO Global Real Return (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 350 | $37587 | $102.34 | $125.38 | 0.00% | 1.45% | 1.12% | 4.06% | 5.57% |
| 2024 | 566 | $58016 | $98.42 | $118.83 | 0.00% | 1.45% | 0.51% | (1.74)% | (0.29)% |
| 2023 | 588 | $61096 | $100.16 | $119.17 | 0.00% | 1.45% | 1.39% | 2.62% | 4.13% |
| 2022 | 607 | $60973 | $97.60 | $114.44 | 0.00% | 1.45% | 9.79% | (17.37)% | (16.16)% |
| 2021 | 597 | $72522 | $118.12 | $136.50 | 0.00% | 1.45% | 10.80% | 2.51% | 4.02% |
|  **<u>EQ/PIMCO Ultra Short Bond (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 490 | $56544 | $110.10 | $125.91 | 0.00% | 1.45% | 3.59% | 2.94% | 4.47% |
| 2024 | 663 | $74234 | $106.93 | $120.52 | 0.00% | 1.45% | 4.52% | 4.30% | 5.85% |
| 2023 | 677 | $72388 | $102.52 | $128.50 | 0.25% | 1.45% | 4.00% | 4.10% | 5.36% |
| 2022 | 694 | $71163 | $98.48 | $121.96 | 0.25% | 1.45% | 1.35% | (2.05)% | (0.85)% |
| 2021 | 720 | $75357 | $100.54 | $123.01 | 0.25% | 1.45% | 0.42% | (1.89)% | (0.70)% |
|  **<u>EQ/Quality Bond PLUS (Class IA)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 216 | $38120 | $136.23 | $177.25 | 0.70% | 1.45% | 3.22% | 4.78% | 5.66% |
| 2024 | 242 | $40581 | $130.02 | $167.88 | 0.70% | 1.45% | 2.99% | 0.29% | 1.06% |
| 2023 | 254 | $42575 | $129.64 | $166.12 | 0.70% | 1.45% | 2.12% | 2.72% | 3.49% |
| 2022 | 262 | $42613 | $126.21 | $160.52 | 0.70% | 1.45% | 0.64% | (11.51)% | (10.83)% |
| 2021 | 277 | $50918 | $142.63 | $180.02 | 0.70% | 1.45% | 0.75% | (3.53)% | (2.80)% |
|  **<u>EQ/Quality Bond PLUS (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 78 | $10886 | $103.31 | $112.91 | 0.00% | 1.30% | 3.22% | 4.92% | 6.35% |
| 2024 | 128 | $16848 | $98.47 | $106.24 | 0.00% | 1.30% | 2.99% | 0.46% | 1.77% |
| 2023 | 131 | $17091 | $98.02 | $104.39 | 0.00% | 1.30% | 2.12% | 2.89% | 4.22% |
| 2022 | 135 | $16895 | $95.27 | $144.34 | 0.50% | 1.30% | 0.64% | (11.37)% | (10.66)% |
| 2021 | 142 | $20199 | $107.49 | $161.56 | 0.50% | 1.30% | 0.75% | (3.37)% | (2.60)% |
|  **<u>EQ/Small Company Index (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 978 | $463958 | $241.30 | $472.72 | 0.00% | 1.45% | 0.75% | 9.10% | 12.59% |
| 2024 | 1380 | $592738 | $214.31 | $426.04 | 0.00% | 1.45% | 1.31% | 9.50% | 11.12% |
| 2023 | 1355 | $527682 | $192.87 | $389.09 | 0.00% | 1.45% | 1.21% | 15.12% | 16.80% |
| 2022 | 1279 | $429691 | $165.13 | $338.00 | 0.00% | 1.45% | 0.94% | (20.97)% | (19.81)% |
| 2021 | 1188 | $502701 | $205.93 | $427.71 | 0.00% | 1.45% | 0.65% | 13.39% | 15.06% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**8.** Financial Highlights (Continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>EQ/Value Equity (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1149 | $628893 | $218.76 | $460.19 | 0.00% | 1.45% | 1.24% | 9.22% | 11.01% |
| 2024 | 1791 | $866043 | $197.06 | $420.64 | 0.00% | 1.45% | 0.95% | 5.67% | 7.23% |
| 2023 | 1934 | $883782 | $183.77 | $398.07 | 0.00% | 1.45% | 1.16% | 17.79% | 19.53% |
| 2022 | 2050 | $789762 | $153.75 | $337.94 | 0.00% | 1.45% | 1.05% | (16.34)% | (15.11)% |
| 2021 | 2135 | $977972 | $181.12 | $403.94 | 0.00% | 1.45% | 0.68% | 23.56% | 25.37% |
|  **<u>EQ/Wellington Energy (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 569 | $52645 | $71.21 | $93.72 | 0.00% | 1.45% | 2.19% | 8.27% | 12.28% |
| 2024 | 856 | $70534 | $64.36 | $83.47 | 0.00% | 1.45% | 2.73% | 5.01% | 6.56% |
| 2023 | 913 | $71628 | $61.29 | $78.33 | 0.00% | 1.45% | 3.26% | 4.50% | 6.04% |
| 2022 | 1010 | $75938 | $58.65 | $73.87 | 0.00% | 1.45% | 4.36% | 30.48% | 32.38% |
| 2021 | 868 | $49864 | $44.95 | $55.80 | 0.00% | 1.45% | 3.54% | 33.66% | 35.60% |
|  **<u>Equitable Conservative Growth MF/ETF (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 63 | $10844 | $166.98 | $194.60 | 0.25% | 1.45% | 2.63% | 9.66% | 11.76% |
| 2024 | 130 | $20347 | $151.24 | $174.13 | 0.25% | 1.45% | 2.99% | 5.67% | 6.96% |
| 2023 | 140 | $20788 | $144.84 | $162.80 | 0.25% | 1.34% | 2.49% | 8.45% | 9.64% |
| 2022 | 163 | $22117 | $133.56 | $148.49 | 0.25% | 1.34% | 1.77% | (13.62)% | (12.67)% |
| 2021 | 154 | $24093 | $154.62 | $170.03 | 0.25% | 1.34% | 0.63% | 8.63% | 9.84% |
|  **<u>Equitable Growth MF/ETF (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 31 | $4596 | $147.67 | $154.14 | 0.00% | 1.34% | 1.40% | 11.87% | 14.36% |
| 2024 | 32 | $4322 | $130.87 | $133.31 | 0.50% | 1.34% | 1.48% | 12.72% | 13.69% |
| 2023 | 19 | $2347 | $116.10 | $116.98 | 0.70% | 1.34% | 2.32% | 12.66% | 13.39% |
| 2022 |  | $17 | $103.08 | $103.08 | 1.20% | 1.20% | 2.03% | 2.76% | 2.76% |
|  **<u>Equitable Moderate Growth MF/ETF (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 20 | $2867 | $139.73 | $145.85 | 0.00% | 1.34% | 2.44% | 10.98% | 13.38% |
| 2024 | 18 | $2377 | $124.92 | $128.64 | 0.00% | 1.34% | 2.31% | 9.21% | 10.70% |
| 2023 | 17 | $1957 | $114.38 | $116.21 | 0.00% | 1.34% | 2.71% | 10.51% | 12.02% |
| 2022 |  | $1 | $103.50 | $103.52 | 1.20% | 1.34% | 1.84% | 3.51% | 3.52% |
|  **<u>Fidelity<sup>®</sup> VIP Equity-Income Portfolio (Service Class 2)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 83 | $33005 | $288.78 | $391.57 | 0.00% | 1.20% | 1.38% | 16.33% | 18.75% |
| 2024 | 135 | $45383 | $243.19 | $333.75 | 0.00% | 1.20% | 1.69% | 13.67% | 15.05% |
| 2023 | 126 | $36998 | $211.37 | $293.62 | 0.00% | 1.20% | 1.85% | 9.06% | 10.38% |
| 2022 | 115 | $31193 | $191.49 | $269.23 | 0.00% | 1.20% | 1.82% | (6.38)% | (5.25)% |
| 2021 | 102 | $29656 | $202.09 | $287.58 | 0.00% | 1.20% | 1.75% | 23.11% | 24.60% |
|  **<u>Fidelity<sup>®</sup> VIP Investment Grade Bond Portfolio (Service Class 2)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 831 | $94232 | $112.89 | $117.84 | 0.00% | 1.34% | 3.09% | 5.49% | 7.03% |
| 2024 | 1364 | $146381 | $107.01 | $110.20 | 0.00% | 1.34% | 3.68% | 0.13% | 1.49% |
| 2023 | 937 | $100421 | $106.87 | $108.58 | 0.00% | 1.34% | 3.85% | 4.58% | 6.00% |
| 2022 | 1 | $137 | $102.19 | $102.23 | 1.10% | 1.34% | 3.89% | 3.42% | 3.45% |
|  **<u>Fidelity<sup>®</sup> VIP Mid Cap Portfolio (Service Class 2)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 200 | $73134 | $261.26 | $362.05 | 0.00% | 1.20% | 0.17% | 8.45% | 11.49% |
| 2024 | 456 | $150289 | $234.34 | $328.68 | 0.00% | 1.20% | 0.36% | 15.76% | 17.18% |
| 2023 | 438 | $124943 | $199.99 | $283.93 | 0.00% | 1.20% | 0.40% | 13.43% | 14.80% |
| 2022 | 414 | $104278 | $174.20 | $250.32 | 0.00% | 1.20% | 0.28% | (15.99)% | (14.97)% |
| 2021 | 386 | $115478 | $204.86 | $297.95 | 0.00% | 1.20% | 0.38% | 23.81% | 25.30% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**8.** Financial Highlights (Continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>Invesco V.I. Diversified Dividend Fund (Series II)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 206 | $62920 | $232.85 | $318.48 | 0.00% | 1.20% | 1.09% | 13.27% | 15.43% |
| 2024 | 357 | $97742 | $201.72 | $279.24 | 0.00% | 1.20% | 1.68% | 11.60% | 12.96% |
| 2023 | 363 | $89474 | $178.57 | $250.22 | 0.00% | 1.20% | 1.79% | 7.47% | 8.77% |
| 2022 | 360 | $82746 | $164.17 | $232.83 | 0.00% | 1.20% | 1.68% | (3.10)% | (1.92)% |
| 2021 | 350 | $83008 | $167.39 | $240.28 | 0.00% | 1.20% | 2.02% | 17.18% | 18.59% |
|  **<u>MFS<sup>®</sup> Massachusetts Investors Growth Stock Portfolio (Service Class)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 81 | $51020 | $371.84 | $467.88 | 0.00% | 1.45% | 0.01% | 7.43% | 9.61% |
| 2024 | 121 | $70803 | $339.25 | $433.16 | 0.00% | 1.45% | 0.13% | 14.29% | 15.98% |
| 2023 | 123 | $62023 | $292.51 | $379.00 | 0.00% | 1.45% | 0.05% | 21.92% | 23.70% |
| 2022 | 113 | $46803 | $310.87 | $459.56 | 0.25% | 1.45% | 0.00% | (20.61)% | (19.65)% |
| 2021 | 104 | $54563 | $505.01 | $571.93 | 0.25% | 1.34% | 0.03% | 23.97% | 25.34% |
|  **<u>Multimanager Aggressive Equity (Class IA)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1457 | $752200 | $418.36 | $535.15 | 0.70% | 1.45% | 0.21% | 12.45% | 15.50% |
| 2024 | 1854 | $836389 | $364.96 | $463.32 | 0.70% | 1.45% | 0.40% | 28.94% | 29.93% |
| 2023 | 2086 | $725815 | $283.04 | $356.58 | 0.70% | 1.45% | 0.37% | 36.30% | 37.33% |
| 2022 | 2293 | $581809 | $207.66 | $259.65 | 0.70% | 1.45% | 0.00% | (33.15)% | (32.64)% |
| 2021 | 2481 | $935617 | $310.63 | $385.47 | 0.70% | 1.45% | 0.00% | 18.76% | 19.66% |
|  **<u>Multimanager Aggressive Equity (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 97 | $45192 | $439.94 | $570.10 | 0.00% | 1.30% | 0.21% | 12.62% | 16.30% |
| 2024 | 172 | $68031 | $378.27 | $496.56 | 0.00% | 1.30% | 0.40% | 29.16% | 30.85% |
| 2023 | 175 | $53269 | $289.08 | $384.45 | 0.00% | 1.30% | 0.37% | 36.53% | 38.30% |
| 2022 | 173 | $38450 | $209.03 | $281.59 | 0.00% | 1.30% | 0.00% | (33.04)% | (32.17)% |
| 2021 | 170 | $56902 | $308.15 | $420.54 | 0.00% | 1.30% | 0.00% | 18.95% | 20.50% |
|  **<u>Multimanager Core Bond (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 395 | $60231 | $117.73 | $145.80 | 0.00% | 1.45% | 3.46% | 5.54% | 7.17% |
| 2024 | 606 | $87662 | $109.93 | $138.15 | 0.00% | 1.45% | 3.54% | 0.49% | 1.98% |
| 2023 | 637 | $91333 | $107.80 | $137.48 | 0.00% | 1.45% | 2.77% | 3.56% | 5.09% |
| 2022 | 1070 | $148394 | $132.75 | $171.15 | 0.25% | 1.45% | 2.36% | (13.99)% | (12.95)% |
| 2021 | 948 | $152294 | $154.35 | $196.62 | 0.25% | 1.45% | 1.47% | (2.86)% | (1.68)% |
|  **<u>Multimanager Technology (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 431 | $438523 | $616.41 | $970.32 | 0.00% | 1.45% | 0.00% | 22.16% | 25.89% |
| 2024 | 585 | $478701 | $489.64 | $782.09 | 0.00% | 1.45% | 0.00% | 24.25% | 26.09% |
| 2023 | 609 | $400734 | $388.33 | $629.44 | 0.00% | 1.45% | 0.00% | 47.39% | 49.54% |
| 2022 | 602 | $266569 | $259.68 | $427.07 | 0.00% | 1.45% | 0.00% | (38.21)% | (37.30)% |
| 2021 | 603 | $432352 | $414.14 | $691.12 | 0.00% | 1.45% | 0.00% | 19.07% | 20.83% |
|  **<u>Nomura VIP High Income Series (Service Class)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 1049 | $212119 | $162.60 | $171.80 | 0.00% | 1.45% | 8.38% | 5.27% | 7.16% |
| 2024 | 1746 | $331543 | $151.73 | $162.67 | 0.00% | 1.45% | 6.45% | 4.64% | 6.20% |
| 2023 | 1753 | $316856 | $142.87 | $155.45 | 0.00% | 1.45% | 6.30% | 10.14% | 11.75% |
| 2022 | 1776 | $290444 | $127.85 | $141.14 | 0.00% | 1.45% | 6.52% | (12.25)% | (10.97)% |
| 2021 | 1750 | $325564 | $143.60 | $160.85 | 0.00% | 1.45% | 5.77% | 4.52% | 6.06% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Continued)** 

**December 31, 2025** 

**8.** Financial Highlights (Continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>PIMCO CommodityRealReturn<sup>®</sup> Strategy Portfolio (Advisor Class)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 81 | $8115 | $95.85 | $160.33 | 0.00% | 1.20% | 2.15% | 17.25% | 18.88% |
| 2024 | 154 | $12851 | $81.75 | $135.12 | 0.00% | 1.20% | 2.05% | 2.71% | 3.97% |
| 2023 | 163 | $13180 | $79.59 | $129.96 | 0.00% | 1.20% | 15.62% | (9.03)% | (7.93)% |
| 2022 | 161 | $14386 | $87.49 | $141.16 | 0.00% | 1.20% | 20.46% | 7.36% | 8.66% |
| 2021 | 149 | $12387 | $81.49 | $129.91 | 0.00% | 1.20% | 4.14% | 31.50% | 33.12% |
|  **<u>Target 2015 Allocation (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 52 | $9165 | $162.29 | $169.65 | 0.00% | 1.34% | 3.10% | 7.71% | 9.47% |
| 2024 | 80 | $13122 | $148.25 | $157.08 | 0.00% | 1.34% | 3.47% | 3.34% | 4.76% |
| 2023 | 90 | $13797 | $141.52 | $152.00 | 0.00% | 1.34% | 2.32% | 8.48% | 9.94% |
| 2022 | 98 | $14019 | $140.12 | $167.63 | 0.25% | 1.34% | 1.84% | (15.29)% | (14.35)% |
| 2021 | 108 | $18247 | $165.41 | $195.72 | 0.25% | 1.34% | 1.60% | 4.84% | 6.00% |
|  **<u>Target 2025 Allocation (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 308 | $71192 | $202.59 | $214.25 | 0.00% | 1.45% | 2.39% | 11.44% | 13.08% |
| 2024 | 470 | $96172 | $179.16 | $192.26 | 0.00% | 1.45% | 2.44% | 7.11% | 8.69% |
| 2023 | 528 | $100120 | $164.84 | $183.01 | 0.00% | 1.34% | 1.99% | 12.12% | 13.64% |
| 2022 | 548 | $92325 | $145.06 | $163.23 | 0.00% | 1.34% | 1.57% | (16.38)% | (15.24)% |
| 2021 | 561 | $112841 | $171.15 | $195.20 | 0.00% | 1.34% | 1.88% | 9.25% | 10.73% |
|  **<u>Target 2035 Allocation (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 642 | $175267 | $234.10 | $252.21 | 0.00% | 1.45% | 1.94% | 13.40% | 15.71% |
| 2024 | 878 | $206650 | $202.32 | $221.18 | 0.00% | 1.45% | 2.09% | 9.85% | 11.48% |
| 2023 | 854 | $181958 | $181.48 | $201.34 | 0.00% | 1.45% | 1.79% | 14.85% | 16.54% |
| 2022 | 797 | $146960 | $155.73 | $175.30 | 0.00% | 1.45% | 1.43% | (17.50)% | (16.29)% |
| 2021 | 741 | $164911 | $186.03 | $212.49 | 0.00% | 1.45% | 1.87% | 12.42% | 14.07% |
|  **<u>Target 2045 Allocation (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 541 | $162696 | $254.54 | $275.68 | 0.00% | 1.45% | 1.61% | 14.39% | 16.80% |
| 2024 | 805 | $206368 | $217.93 | $239.51 | 0.00% | 1.45% | 1.81% | 11.33% | 12.97% |
| 2023 | 757 | $173095 | $192.91 | $215.14 | 0.00% | 1.45% | 1.61% | 16.42% | 18.13% |
| 2022 | 703 | $137378 | $163.31 | $184.80 | 0.00% | 1.45% | 1.32% | (17.98)% | (16.78)% |
| 2021 | 650 | $153882 | $196.23 | $225.32 | 0.00% | 1.45% | 1.97% | 14.63% | 16.31% |
|  **<u>Target 2055 Allocation (Class IB)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 369 | $85762 | $223.03 | $277.18 | 0.00% | 1.34% | 1.34% | 15.52% | 17.89% |
| 2024 | 570 | $112361 | $191.75 | $235.11 | 0.00% | 1.34% | 1.53% | 12.78% | 14.32% |
| 2023 | 505 | $88096 | $170.02 | $205.66 | 0.00% | 1.34% | 1.57% | 18.23% | 19.83% |
| 2022 | 416 | $61266 | $143.81 | $171.63 | 0.00% | 1.34% | 1.21% | (18.66)% | (17.56)% |
| 2021 | 341 | $61142 | $176.81 | $208.19 | 0.00% | 1.34% | 2.25% | 16.68% | 18.26% |
|  **<u>Templeton Global Bond VIP Fund (Class 2)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 356 | $34964 | $96.80 | $97.87 | 0.00% | 1.20% | 0.00% | 13.75% | 15.74% |
| 2024 | 721 | $61419 | $84.56 | $84.66 | 0.00% | 1.20% | 0.00% | (12.44)% | (11.37)% |
| 2023 | 720 | $70125 | $95.41 | $96.69 | 0.00% | 1.20% | 0.00% | 1.65% | 2.88% |
| 2022 | 707 | $67593 | $92.74 | $95.12 | 0.00% | 1.20% | 0.00% | (6.08)% | (4.95)% |
| 2021 | 695 | $70807 | $97.57 | $101.28 | 0.00% | 1.20% | 0.00% | (6.14)% | (5.00)% |

---

------

**SEPARATE ACCOUNT A** 

**Notes to Financial Statements (Concluded)** 

**December 31, 2025** 

**8.** Financial Highlights (Concluded)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At the year ended** | **At the year ended** | **At the year ended** | **At the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** | **For the year ended** |
|  | | | **Unit Values** | **Unit Values** | **Contract Charges** | **Contract Charges** | | **Total Return Ratio\*\*\*** | **Total Return Ratio\*\*\*** |
|  |<br>**Units**<br>**Outstanding**<br>**(000's)\*** |<br>**Accumulation**<br>**Unit Values**<br>**(000's)\*** | **Lowest** | **Highest** | **Lowest** | **Highest** |<br>**Investment**<br>**Income**<br>**Ratio\*\*** | **Lowest** | **Highest** |
|  **<u>VanEck VIP Global Resources Fund (Class S)</u>** |  |  |  |  |  |  |  |  |  |
| 2025 | 286 | $26610 | $89.31 | $110.62 | 0.00% | 1.45% | 2.10% | 34.20% | 36.16% |
| 2024 | 383 | $26391 | $66.55 | $81.24 | 0.00% | 1.45% | 2.40% | (4.51)% | (3.08)% |
| 2023 | 418 | $30091 | $69.69 | $83.82 | 0.00% | 1.45% | 2.61% | (5.24)% | (3.84)% |
| 2022 | 450 | $33894 | $73.54 | $87.17 | 0.00% | 1.45% | 1.55% | 6.56% | 8.12% |
| 2021 | 409 | $28988 | $69.01 | $78.50 | 0.25% | 1.45% | 0.31% | 16.95% | 18.38% |

---

\* Variable Investment Options where Units Outstanding and Accumulation Unit Values are less than 500 and $500, respectively, are denoted by a —

\*\* This ratio represents the amount of dividend income, excluding distributions from net realized gains, received by the Variable Investment Option from the Portfolio, divided by the average daily net assets. This ratio excludes those expenses, such as asset charges, that result in direct reductions in the unit values. The recognition of dividend income by the Variable Investment Option is affected by the timing of the declaration of dividends by the Portfolio in which the Variable Investment Option invests. For those Variable Investment Options with less than a year of operations, this ratio is not annualized but calculated from the effective date through the end of the reporting period.

\*\*\* This ratio represents the total return for the periods indicated, including changes in the value of the Portfolio, and expenses assessed through the reduction of unit value. This ratio does not include any expenses, such as premiums and withdrawal charges, as applicable, or expenses assessed through the redemption of units. The total return would have been lower had such expenses been included in the calculation. The total return is calculated for each period indicated from the effective date through the end of the reporting period. For those Variable Investment Options with less than a year of operations, the total return is not annualized but calculated from the effective date through the end of the reporting period.

**9.** Subsequent Events

All material subsequent transactions and events have been evaluated for the period from December 31, 2025 through April 9, 2026, the date on which the financial statements were issued. Except as noted below, there were no transactions or events that require adjustment to or disclosure in the accompanying financial statements.

Equitable Financial is a wholly-owned subsidiary of Equitable Financial Services, LLC, a Delaware corporation and a wholly-owned direct subsidiary of the Equitable Holdings. On March 26, 2026, Equitable Holdings, Inc., a Delaware corporation ("Equitable"), entered into an Agreement and Plan of Merger (the "Merger Agreement"), by and among Equitable, Corebridge Financial, Inc., a Delaware corporation ("Corebridge"), Mountain Holding, Inc., a newly formed Delaware corporation and wholly-owned subsidiary of Corebridge ("HoldCo"), Marcy Holding, Inc., a newly formed Delaware corporation and a wholly-owned subsidiary of HoldCo ("Equitable Merger Sub"), and Palisade Holding, Inc., a newly formed Delaware corporation and a wholly-owned subsidiary of HoldCo ("Corebridge Merger Sub").

Equitable and Corebridge have agreed, subject to the terms and conditions of the Merger Agreement, to effect an all stock merger transaction to combine their respective businesses by: (a) Corebridge Merger Sub merging with and into Corebridge, with Corebridge surviving such merger as a wholly-owned subsidiary of HoldCo (the "Corebridge Merger"), (b) immediately following the consummation of the Corebridge Merger, Equitable Merger Sub merging with and into Equitable, with Equitable surviving such merger as a wholly-owned subsidiary of HoldCo (the "Equitable Merger" and, together with the Corebridge Merger, the "Mergers"), and (c) as of the closing of the Mergers (the "Closing"), changing the name of HoldCo to "Equitable Holdings, Inc.".

The Merger Agreement and the consummation of the transactions contemplated by the Merger Agreement have been unanimously approved by the boards of directors of both companies. The transaction is expected to close by year-end of 2026, subject to customary closing conditions, including the receipt of required regulatory approvals and approval of shareholders of both Corebridge and Equitable.