# EDGAR Filing Document

**Accession Number:** 0001173492
**File Stem:** 0001193125-26-206039
**Filing Date:** 2026-5
**Character Count:** 1757762
**Document Hash:** bf522b297e9d550e2aa0282c3b553121
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-206039.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0001193125-26-206039

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 12

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**EFFECTIVENESS DATE**: 20260505

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VARIABLE ANNUITY ACCOUNT A
- **CENTRAL INDEX KEY:** 0001173492

**ORGANIZATION NAME:**
- **EIN:** 133797548
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-142084
- **FILM NUMBER:** 26942290

**BUSINESS ADDRESS:**
- **STREET 1:** 121 STATE STREET
- **CITY:** ALBANY
- **STATE:** NY
- **ZIP:** 12207
- **BUSINESS PHONE:** 8453022205

**MAIL ADDRESS:**
- **STREET 1:** 121 STATE STREET
- **CITY:** ALBANY
- **STATE:** NY
- **ZIP:** 12207

## Series and Classes Contracts Data

### VARIABLE ANNUITY ACCOUNT A (Series ID: S000010139)

---

|  |  |
|:---|:---|
| Class Name                           | Class ID   |
| EliteDesigns Variable Annuity        | C000049771 |
| EliteDesigns Variable Annuity (2011) | C000098566 |
| EliteDesigns II Variable Annuity     | C000126287 |

---

## Series and Classes Contracts Data

### VARIABLE ANNUITY ACCOUNT A (Series ID: S000010139)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000049771 | EliteDesigns Variable Annuity        |  |
| C000098566 | EliteDesigns Variable Annuity (2011) |  |
| C000126287 | EliteDesigns II Variable Annuity     |  |

?xml version='1.0' encoding='ASCII'? VARIABLE ANNUITY ACCOUNT A

![](g139137cover_ny.jpg)

**Prospectus**

May 1, 2026

ELITEDESIGNS<sup>®</sup> VARIABLE ANNUITY

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Important Privacy <br> Notice Included<br>

Variable annuity contracts issued by

First Security Benefit Life Insurance and Annuity Company of New York

and offered by Security Distributors, LLC

32-70130-02 2026/05/01

**V7013B (PRS)**

------

**ELITEDESIGNS**<sup>®</sup> **VARIABLE ANNUITY**

**(for Contracts issued on or after April 18, 2011)**

**Individual Flexible Purchase Payment Deferred Variable Annuity Contract**

**Variable Annuity Account A**

---

| | |
|:---|:---|
| **Issued By:** | **Mailing Address:** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **First Security Benefit Life Insurance** <br> **and Annuity Company of New York**<br> **121 State Street**<br> **Albany, New York 12207**<br> **1-800-355-4570**<br> **www.fsbl.com**<br>| **First Security Benefit Life Insurance** <br> **and Annuity Company of New York**<br> **P.O. Box 750497**<br> **Topeka, Kansas 66675-0497**<br>|

---

------

This Prospectus describes the EliteDesigns Variable Annuity—an Individual Flexible Purchase Payment Deferred Variable Annuity Contract (the "Contract") offered by First Security Benefit Life Insurance and Annuity Company of New York (the "Company"). The Contract is available for individuals as a non-tax qualified contract. The Contract is also available for individuals in connection with a retirement plan qualified under Section 408 or 408A of the Internal Revenue Code. The Contract may be available through third-party financial intermediaries who charge an advisory fee for their services. This fee is in addition to Contract fees and expenses. If you elect to pay the advisory fee from your Contract Value, then this deduction will reduce death benefits and other guaranteed benefits, perhaps significantly, and may be subject to federal and state income taxes and a 10% federal penalty tax. The Contract is designed to give you flexibility in planning for retirement and other financial goals. This Prospectus is used with both prospective purchasers and current Owners.

The Contract is a complex investment and involves risks, including potential loss of principal. The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in surrender charges, taxes, and tax penalties.

You may allocate your Purchase Payments and Contract Value to one or more of the Subaccounts that comprise a separate account of the Company, called Variable Annuity Account A (the "Separate Account"). Each Subaccount invests in a corresponding mutual fund (each, an "Underlying Fund"). More information about the Underlying Funds currently available under the Contract is available in Appendix A to this Prospectus (entitled "Investment Options Available Under the Contract").

This Prospectus sets forth information about the Contract and the Separate Account that you should know before purchasing the Contract. Our obligations under the Contract are subject to our financial strength and claims-paying ability. This Prospectus should be kept for future reference. **Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.**

**If you are a new investor in the Contract, you may cancel your Contract within 10 days of receiving it without paying fees or penalties. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your total Contract Value. You should review this Prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.**

---

| |
|:---|
| **The Securities and Exchange Commission ("SEC") has not approved or disapproved these securities or** <br> **determined if this Prospectus is truthful or complete. Any representation to the contrary is a criminal offense.**<br>|
| **The Contract is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance** <br> **Corporation or any other government agency. The value of your Contract can go up and down and you could** <br> **lose money.**<br>|
| **Date: May 1, 2026** |

---

V7013B (PRS)

Protected by U.S. Patent No. 7,251,623 B1.

32-70130-02 2026/05/01

------

**Table of Contents**

------

---

| | |
|:---|:---|
|  | Page |
| **Definitions** | **4**  |
| **[Overview of the Contract](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_2)** | **5**  |
| [Purpose of the Contract](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_2) | 5  |
| [Phases of the Contract](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_2) | 5  |
| [Contract Features](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_3) | 6  |
| [Additional Services](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_3) | 6  |
| **[Important Information You Should](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_3)**<br> **[Consider About the Contract](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_3)**<br>| **6**  |
| **[Fee Table](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_6)** | **9**  |
| [Transaction Expenses](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_6) | 9  |
| [Annual Contract Expenses](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_6) | 9  |
| [Annual Underlying Fund Expenses](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_7) | 10  |
| [Examples](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_7) | 10  |
| **[Principal Risks of Investing in the](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_8)**<br> **[Contract](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_8)**<br>| **11**  |
| [Risk of Investment Loss](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_8) | 11  |
| [Short-Term Investment Risk/Withdrawal Risk](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_8) | 11  |
| [Subaccount Risk](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_8) | 11  |
| [Managed Volatility Fund Risk](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_8) | 11  |
| [Purchase Payment Risk](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_8) | 11  |
| [Financial Strength and Claims-Paying Ability](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_8)<br> [Risk](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_8)<br>| 11  |
| [Business Disruption and Cybersecurity Risk](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_8) | 11  |
| [Tax Consequences Risk](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_8) | 11  |
| [Advisory Fee Deduction Risk](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_9) | 12  |
| [Contract Changes Risk](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_9) | 12  |
| **[Information About the Company, the](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_9)**<br> **[Separate Account, and the](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_9)**<br> **[Underlying Funds](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_9)**<br>| **12**  |
| [First Security Benefit Life Insurance and](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_9)<br> [Annuity Company of New York](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_9)<br>| 12  |
| [Published Ratings](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_9) | 12  |
| [Separate Account](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_9) | 12  |
| [Underlying Funds](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_10) | 13  |
| **[Charges and Deductions](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_12)** | **15**  |
| <u>[Transaction Expenses](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_12)</u> | 15  |
| [Premium Tax Charge](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_12) | 15  |
| [Deduction of Advisory Fees](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_12) | 15  |
| <u>[Annual Contract Expenses](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_13)</u> | 16  |
| [Mortality and Expense Risk Charge](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_13) | 16  |
| [Administration Charge](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_13) | 16  |
| [Other Charges](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_14) | 17  |
| [Variations in Charges](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_14) | 17  |

---

---

| | |
|:---|:---|
|  | Page |
| [Return of Premium Death Benefit Rider](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_14)<br> [Charge](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_14)<br>| 17  |
| [Underlying Fund Expenses](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_14) | 17  |
| [Payment of Compensation](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_14) | 17  |
| **[The Contract](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_14)** | **17**  |
| [General](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_14) | 17  |
| [Important Information About Your Benefits](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_15)<br> [Under the Contract](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_15)<br>| 18  |
| [Application for a Contract](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_15) | 18  |
| [Purchase Payments](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_15) | 18  |
| [Allocation of Purchase Payments](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_16) | 19  |
| [Dollar Cost Averaging Option](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_17) | 20  |
| [Asset Reallocation Option](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_18) | 21  |
| [Transfers of Contract Value](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_18) | 21  |
| [Contract Value](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_24) | 27  |
| [Determination of Contract Value](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_24) | 27  |
| [Cut-Off Times](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_25) | 28  |
| [Full and Partial Withdrawals](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_25) | 28  |
| [Withdrawals to Pay Advisory Fees](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_26) | 29  |
| [Systematic Withdrawals](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_27) | 30  |
| [Free-Look Right](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_27) | 30  |
| [Death Benefit](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_27) | 30  |
| [Distribution Requirements](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_29) | 32  |
| [Death of the Annuitant](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_29) | 32  |
| **[Benefits Under the Contract](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_29)** | **32**  |
| [Return of Premium Death Benefit](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_31) | 34  |
| **[Annuity Period](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_31)** | **34**  |
| [General](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_31) | 34  |
| [Annuity Options](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_32) | 35  |
| [Selection of an Option](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_34) | 37  |
| **[More About the Contract](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_34)** | **37**  |
| [Ownership](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_34) | 37  |
| [Designation and Change of Beneficiary](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_34) | 37  |
| [Dividends](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_35) | 38  |
| [Payments from the Separate Account](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_35) | 38  |
| [Proof of Age and Survival](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_35) | 38  |
| [Misstatements](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_35) | 38  |
| [Business Disruption and Cybersecurity Risks](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_35) | 38  |
| [Restrictions on Withdrawals from Qualified](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_36)<br> [Plans](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_36)<br>| 39  |
| **[Federal Tax Matters](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_37)** | **40**  |
| [Introduction](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_37) | 40  |
| [Tax Status of the Company and the Separate](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_37)<br> [Account](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_37)<br>| 40  |

---

------

---

| | |
|:---|:---|
|  | Page |
| [Income Taxation of Annuities in](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_38)<br> [General](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_38)[—](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_38)[Non-Qualified Contracts](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_38)<br>| 41  |
| [Additional Considerations](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_39) | 42  |
| [Qualified Contracts](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_40) | 43  |
| [Other Tax Considerations](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_42) | 45  |
| **[Other Information](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_43)** | **46**  |
| [Voting of Underlying Fund Shares](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_43) | 46  |
| [Changes to Investments](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_43) | 46  |
| [Changes to Comply with Law and](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_44)<br> [Amendments](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_44)<br>| 47  |
| [Reports to Owners](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_44) | 47  |
| [Electronic Privileges](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_44) | 47  |

---

---

| | |
|:---|:---|
|  | Page |
| [Legal Proceedings](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_45) | 48  |
| [Sale of the Contract](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_45) | 48  |
| **[Additional Information](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_46)** | **49**  |
| [Registration Statement](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_46) | 49  |
| [Financial Statements](#xx_08a73db6-c1d9-44a0-b622-19f2d486f9de_47) | 50  |
| **[Appendix A](#xx_0e76d376-5ea3-431f-b443-89cb688886e6_1)[–](#xx_0e76d376-5ea3-431f-b443-89cb688886e6_1)** [Investment Options Available](#xx_0e76d376-5ea3-431f-b443-89cb688886e6_1)<br> [Under the Contract and Optional Rider](#xx_0e76d376-5ea3-431f-b443-89cb688886e6_1)<br> [Investment Restrictions](#xx_0e76d376-5ea3-431f-b443-89cb688886e6_1)<br>| A-1  |
| [Underlying Funds](#xx_0e76d376-5ea3-431f-b443-89cb688886e6_1) | A-1 |

---

------

**Definitions**

------

Various terms commonly used in this Prospectus are defined as follows:

**Accumulation Unit —** A unit of measure used to calculate Contract Value.

**Administrative Office —** First Security Benefit Life Insurance and Annuity Company of New York, P.O. Box 750497, Topeka, Kansas 66675-0497.

**Annuitant —** The person that you designate on whose life annuity payments may be determined. If you designate Joint Annuitants, "Annuitant" means both Annuitants unless otherwise stated.

**Annuity ("annuity") —** A series of periodic income payments made by the Company to an Annuitant, Joint Annuitant, or Designated Beneficiary during the period specified in the Annuity Options.

**Annuity Options —** Options under the Contract that prescribe the provisions under which a series of annuity payments are made.

**Annuity Period —** The period beginning on the Annuity Start Date during which annuity payments are made.

**Annuity Start Date —** The date when annuity payments begin.

**Annuity Unit —** A unit of measure used to calculate variable annuity payments under Annuity Options 1 through 6.

**Automatic Investment Program —** A program pursuant to which Purchase Payments are automatically paid from your bank account on a specified day of each month or a salary reduction agreement.

**Company —** First Security Benefit Life Insurance and Annuity Company of New York. The Company is also identified herein as "we," "our," or "us."

**Contract —** The flexible purchase payment deferred variable annuity contract described in this Prospectus.

**Contract Date —** The date the Contract begins as shown in your Contract. Contract anniversaries are measured from the Contract Date. The Contract Date is usually the date that the initial Purchase Payment is credited to the Contract.

**Contract Value —** The total value of your Contract as of any Valuation Date.

**Contract Year —** Each twelve-month period measured from the Contract Date.

**Designated Beneficiary —** The person having the right to the death benefit, if any, payable upon the death of the Owner or Joint Owner prior to the Annuity Start Date.

**General Account —** All assets of the Company other than those allocated to the Separate Account or to any other separate account of the Company.

**Internal Revenue Code or the Code —** The Internal Revenue Code of 1986, as amended.

**Investment Options —** The Subaccounts .

**Owner —** The person entitled to the ownership rights under the Contract and in whose name the Contract is issued.

**Purchase Payment —** An amount initially paid to the Company as consideration for the Contract and any subsequent amounts paid to the Company under the Contract.

------

**Separate Account —** Variable Annuity Account A, a separate account of the Company that consists of accounts, referred to as Subaccounts, each of which invests in a corresponding Underlying Fund.

**Subaccount —** A division of the Separate Account which invests in a corresponding Underlying Fund.

**Underlying Fund —** A mutual fund or series thereof that serves as an investment vehicle for its corresponding Subaccount.

**Valuation Date —** Each date on which the Separate Account is valued, which currently includes each day that the New York Stock Exchange is open for trading. Each Valuation Date closes at the end of regular trading on the New York Stock Exchange (normally, 3:00 p.m. Central time). The New York Stock Exchange is scheduled to be closed on weekends and on the following holidays: New Year's Day, Martin Luther King, Jr. Day, Washington's Birthday, Good Friday, Memorial Day, Juneteenth National Independence Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day.

**Valuation Period —** A period used in measuring the investment experience of each Subaccount of the Separate Account. The Valuation Period begins at the close of one Valuation Date and ends at the close of the next Valuation Date.

**Withdrawal Value —** The amount you will receive upon full withdrawal of the Contract. It is equal to Contract Value less any uncollected premium taxes. The Withdrawal Value during the Annuity Period for variable annuity payments (or a combination of variable and fixed annuity payments) under Annuity Option 5 is the present value of future annuity payments commuted at the assumed interest rate, less any uncollected premium taxes.

**Overview of the Contract**

------

**Purpose of the Contract —** The Contract is a variable annuity contract. It is designed for retirement planning purposes. You make investments in the Contract's investment options during the accumulation phase. The value of your investments is used to calculate your benefits under the Contract. At the end of the accumulation phase, we use that accumulated value to calculate the payments that we make during the annuity phase. These payments can provide or supplement your retirement income. Generally speaking, the longer your accumulation phase, the greater your accumulated value may be for setting your benefits and annuity payouts. The Contract also includes a death benefit to help financially protect your Designated Beneficiary.

This Contract may be appropriate for you if you have a long investment time horizon. This Contract is not intended for people who may need to make early or frequent withdrawals or who intend to engage in frequent trading in the Subaccounts that are available under the Contract. Because of the possibility of income tax and tax penalties on early withdrawals, the Contract should not be viewed as an investment vehicle offering low cost liquidity. Your financial goal in acquiring the Contract should focus on a long-term insurance product, offering the prospect of investment growth.

**Phases of the Contract —** The contract has two phases: (1) an accumulation phase (for savings) and (2) an annuity (payout) phase (for income).

**Accumulation Phase.** During the accumulation phase, earnings accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal. To accumulate value during the accumulation phase, you invest your Purchase Payments and earnings in the Subaccounts that are available under the Contract, which, in turn, invest in Underlying Funds with different investment strategies, objectives, and risk/reward profiles. You may allocate all or part of your Purchase Payments and Contract Value to the Subaccounts. Amounts that you allocate to a Subaccount will increase or decrease in dollar value depending in part on the investment performance of the Underlying Fund in which such Subaccount invests.

**Additional information about the Underlying Funds currently available under the Contract is provided in Appendix A: Investment Options Available Under the Contract.**

**Annuity (Payout) Phase.** The Annuity phase occurs after the Annuity Start Date and is when you or a designated payee begin receiving regular Annuity payments from your Contract. The Contract provides several Annuity Options. You should carefully review the Annuity Options with your financial or tax adviser. We may make other Annuity Options available upon request. We may also discontinue the availability of one or more of these options at any time.

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Please note that if you annuitize, your investments will be converted to income payments and you generally will no longer be able to withdraw money at will from your Contract. However, if the Owner has elected variable annuity payments or a combination of variable and fixed annuity payments under Annuity Option 5, withdrawals (other than systematic withdrawals or withdrawals to pay investment advisory fees) are permitted after the Annuity Start Date. The Return of Premium Death Benefit terminates upon annuitization. The Company will continue to deduct the monthly Return of Premium Death Benefit Rider charge if you elect Annuity Option 5 or 6.

**Contract Features —** 

**Accessing Your Money.** Before your Contract is annuitized, you can withdraw money from your Contract at any time. If you take a withdrawal, you may have to pay income taxes, including a tax penalty, if you are younger than age 59½.

**Tax Treatment.** You can transfer money between investment options without tax implications, and earnings (if any) on your investments are generally tax-deferred. You are taxed only upon: (1) making a withdrawal; (2) surrender of the Contract; (3) receiving a payment from us; or (4) payment of a death benefit.

**Death Benefit.** The Contract includes a standard death benefit equal to the Contract Value reduced by any uncollected premium tax. If you purchased the optional rider that provides an enhanced death benefit, you have the opportunity to leave your beneficiary a death benefit greater than the standard death benefit.

**Return of Premium Death Benefit.** For an additional cost, under this rider, we will pay an enhanced death benefit upon the death of the Owner or any Joint Owner prior to the Annuity Start Date.

**Advisory Fees.** Deductions from your Contract Value to pay third-party advisory fees are treated as withdrawals under the Contract. If you elect to pay advisory fees from your Contract Value, then the deduction will reduce the death benefits, perhaps significantly, and may be subject to federal and state income taxes and a 10% federal penalty tax.

**Additional Services —** We offer several additional services:

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

**Dollar Cost Averaging.** You direct us to systematically transfer Contract Value among the Subaccounts on a monthly, quarterly, semiannual, or annual basis.

**Asset Reallocation Option.** You direct us to automatically reallocate your Contract Value to return to your original percentage investment allocations on a periodic basis.

**Automatic Investment Program.** Purchase Payments are automatically paid from your bank account on a specified day each month or pursuant to a salary reduction agreement.

**Systematic Withdrawals.** You receive regular automatic withdrawals from your Contract, on a monthly, quarterly, annual or semi-annual basis, provided that each payment must amount to at least $100 (unless we consent otherwise).

**Important Information You Should Consider About the Contract**

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|:---|:---|
| **FEES, EXPENSES, AND ADJUSTMENTS** | **Location in** <br> **Prospectus**<br>|

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| | | |
|:---|:---|:---|
| **Are There** <br> **Charges or** <br> **Adjustments for** <br> **Early** <br> **Withdrawals?**<br>| **No.** The Company does not assess a withdrawal charge on full or partial withdrawals. | **Fee Table**<br> **Fee Table** <br> **–** <br> **Examples**<br> **Charges** <br> **and** <br> **Deductions**<br>|

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| | | |
|:---|:---|:---|
| **Are There** <br> **Transaction** <br> **Charges?**<br>| **No.** There are no charges for other transactions. | **Not** <br> **Applicable**<br>|

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| | |
|:---|:---|
| **FEES, EXPENSES, AND ADJUSTMENTS** | **Location in** <br> **Prospectus**<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| Are There <br> Ongoing Fees <br> and Expenses? | **Yes.** The tables below describe the current fees and expenses of the Contract that you may <br> pay *each year*, depending on the Investment Options and optional benefits you choose and <br> the date your Contract was issued. The fees and expenses do not reflect any advisory fees <br> paid to financial intermediaries from your Contract Value or other assets. If such charges were <br> reflected, the fees and expenses would be higher. Please refer to your Contract specifications <br> page for information about the specific fees you will pay each year based on the options you <br> have elected.<br> Contracts issued before February 1, 2013: | **Yes.** The tables below describe the current fees and expenses of the Contract that you may <br> pay *each year*, depending on the Investment Options and optional benefits you choose and <br> the date your Contract was issued. The fees and expenses do not reflect any advisory fees <br> paid to financial intermediaries from your Contract Value or other assets. If such charges were <br> reflected, the fees and expenses would be higher. Please refer to your Contract specifications <br> page for information about the specific fees you will pay each year based on the options you <br> have elected.<br> Contracts issued before February 1, 2013: | **Yes.** The tables below describe the current fees and expenses of the Contract that you may <br> pay *each year*, depending on the Investment Options and optional benefits you choose and <br> the date your Contract was issued. The fees and expenses do not reflect any advisory fees <br> paid to financial intermediaries from your Contract Value or other assets. If such charges were <br> reflected, the fees and expenses would be higher. Please refer to your Contract specifications <br> page for information about the specific fees you will pay each year based on the options you <br> have elected.<br> Contracts issued before February 1, 2013: | **Fee Table**<br> **Fee Table** <br> **–** <br> **Examples**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Mortality** <br> **and** <br> **Expense** <br> **Risk** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Return of** <br> **Premium** <br> **Death** <br> **Benefit** <br> **Rider** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Adminis-**<br> **tration** <br> **Charge**<br> **Appendix** <br> **A –** <br> **Underlying** <br> **Funds** <br> **Available** <br> **Under the** <br> **Contract** |
| Are There <br> Ongoing Fees <br> and Expenses? | **Annual Fee** | **Minimum** | **Maximum** | **Fee Table**<br> **Fee Table** <br> **–** <br> **Examples**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Mortality** <br> **and** <br> **Expense** <br> **Risk** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Return of** <br> **Premium** <br> **Death** <br> **Benefit** <br> **Rider** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Adminis-**<br> **tration** <br> **Charge**<br> **Appendix** <br> **A –** <br> **Underlying** <br> **Funds** <br> **Available** <br> **Under the** <br> **Contract** |
| Are There <br> Ongoing Fees <br> and Expenses? | Base Contract<sup>1</sup> <br>| 0.25% | 0.45% | **Fee Table**<br> **Fee Table** <br> **–** <br> **Examples**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Mortality** <br> **and** <br> **Expense** <br> **Risk** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Return of** <br> **Premium** <br> **Death** <br> **Benefit** <br> **Rider** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Adminis-**<br> **tration** <br> **Charge**<br> **Appendix** <br> **A –** <br> **Underlying** <br> **Funds** <br> **Available** <br> **Under the** <br> **Contract** |
| Are There <br> Ongoing Fees <br> and Expenses? | Investment options<sup>2</sup> <br>(Underlying Fund fees and expenses)<br>| 0.09% | 5.82% | **Fee Table**<br> **Fee Table** <br> **–** <br> **Examples**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Mortality** <br> **and** <br> **Expense** <br> **Risk** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Return of** <br> **Premium** <br> **Death** <br> **Benefit** <br> **Rider** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Adminis-**<br> **tration** <br> **Charge**<br> **Appendix** <br> **A –** <br> **Underlying** <br> **Funds** <br> **Available** <br> **Under the** <br> **Contract** |
| Are There <br> Ongoing Fees <br> and Expenses? | Optional benefit available for an additional charge<sup>3</sup> <br>| 0.10% | 0.10% | **Fee Table**<br> **Fee Table** <br> **–** <br> **Examples**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Mortality** <br> **and** <br> **Expense** <br> **Risk** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Return of** <br> **Premium** <br> **Death** <br> **Benefit** <br> **Rider** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Adminis-**<br> **tration** <br> **Charge**<br> **Appendix** <br> **A –** <br> **Underlying** <br> **Funds** <br> **Available** <br> **Under the** <br> **Contract** |
| Are There <br> Ongoing Fees <br> and Expenses? | 1<br> As a percentage of Contract Value allocated to the Separate Account. The Base Contract Annual Fee is <br> 0.55% during the Annuity Period.<br>2<br> As a percentage of Underlying Fund average net assets.<br> 3<br> As a percentage of Contract Value  | 1<br> As a percentage of Contract Value allocated to the Separate Account. The Base Contract Annual Fee is <br> 0.55% during the Annuity Period.<br>2<br> As a percentage of Underlying Fund average net assets.<br> 3<br> As a percentage of Contract Value  | 1<br> As a percentage of Contract Value allocated to the Separate Account. The Base Contract Annual Fee is <br> 0.55% during the Annuity Period.<br>2<br> As a percentage of Underlying Fund average net assets.<br> 3<br> As a percentage of Contract Value  | **Fee Table**<br> **Fee Table** <br> **–** <br> **Examples**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Mortality** <br> **and** <br> **Expense** <br> **Risk** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Return of** <br> **Premium** <br> **Death** <br> **Benefit** <br> **Rider** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Adminis-**<br> **tration** <br> **Charge**<br> **Appendix** <br> **A –** <br> **Underlying** <br> **Funds** <br> **Available** <br> **Under the** <br> **Contract** |
| Are There <br> Ongoing Fees <br> and Expenses? | Contracts issued on or after February 1, 2013: | Contracts issued on or after February 1, 2013: | Contracts issued on or after February 1, 2013: | **Fee Table**<br> **Fee Table** <br> **–** <br> **Examples**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Mortality** <br> **and** <br> **Expense** <br> **Risk** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Return of** <br> **Premium** <br> **Death** <br> **Benefit** <br> **Rider** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Adminis-**<br> **tration** <br> **Charge**<br> **Appendix** <br> **A –** <br> **Underlying** <br> **Funds** <br> **Available** <br> **Under the** <br> **Contract** |
| Are There <br> Ongoing Fees <br> and Expenses? | **Annual Fee** | **Minimum** | **Maximum** | **Fee Table**<br> **Fee Table** <br> **–** <br> **Examples**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Mortality** <br> **and** <br> **Expense** <br> **Risk** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Return of** <br> **Premium** <br> **Death** <br> **Benefit** <br> **Rider** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Adminis-**<br> **tration** <br> **Charge**<br> **Appendix** <br> **A –** <br> **Underlying** <br> **Funds** <br> **Available** <br> **Under the** <br> **Contract** |
| Are There <br> Ongoing Fees <br> and Expenses? | Base Contract<sup>1</sup> <br>| 0.25% | 0.45% | **Fee Table**<br> **Fee Table** <br> **–** <br> **Examples**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Mortality** <br> **and** <br> **Expense** <br> **Risk** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Return of** <br> **Premium** <br> **Death** <br> **Benefit** <br> **Rider** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Adminis-**<br> **tration** <br> **Charge**<br> **Appendix** <br> **A –** <br> **Underlying** <br> **Funds** <br> **Available** <br> **Under the** <br> **Contract** |
| Are There <br> Ongoing Fees <br> and Expenses? | Investment options<sup>2</sup> <br>(Underlying Fund fees and expenses)<br>| 0.09% | 5.82% | **Fee Table**<br> **Fee Table** <br> **–** <br> **Examples**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Mortality** <br> **and** <br> **Expense** <br> **Risk** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Return of** <br> **Premium** <br> **Death** <br> **Benefit** <br> **Rider** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Adminis-**<br> **tration** <br> **Charge**<br> **Appendix** <br> **A –** <br> **Underlying** <br> **Funds** <br> **Available** <br> **Under the** <br> **Contract** |
| Are There <br> Ongoing Fees <br> and Expenses? | Optional benefit available for an additional charge<sup>3</sup> <br>| 0.35% | 0.35% | **Fee Table**<br> **Fee Table** <br> **–** <br> **Examples**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Mortality** <br> **and** <br> **Expense** <br> **Risk** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Return of** <br> **Premium** <br> **Death** <br> **Benefit** <br> **Rider** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Adminis-**<br> **tration** <br> **Charge**<br> **Appendix** <br> **A –** <br> **Underlying** <br> **Funds** <br> **Available** <br> **Under the** <br> **Contract** |
| Are There <br> Ongoing Fees <br> and Expenses? | 1<br> As a percentage of Contract Value allocated to the Separate Account. The Base Contract Annual Fee is <br> 0.55% during the Annuity Period.<br>2<br> As a percentage of Underlying Fund average net assets.<br> 3<br> As a percentage of Contract Value.  | 1<br> As a percentage of Contract Value allocated to the Separate Account. The Base Contract Annual Fee is <br> 0.55% during the Annuity Period.<br>2<br> As a percentage of Underlying Fund average net assets.<br> 3<br> As a percentage of Contract Value.  | 1<br> As a percentage of Contract Value allocated to the Separate Account. The Base Contract Annual Fee is <br> 0.55% during the Annuity Period.<br>2<br> As a percentage of Underlying Fund average net assets.<br> 3<br> As a percentage of Contract Value.  | **Fee Table**<br> **Fee Table** <br> **–** <br> **Examples**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Mortality** <br> **and** <br> **Expense** <br> **Risk** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Return of** <br> **Premium** <br> **Death** <br> **Benefit** <br> **Rider** <br> **Charge**<br> **Charges** <br> **and** <br> **Deductions** <br> **– Adminis-**<br> **tration** <br> **Charge**<br> **Appendix** <br> **A –** <br> **Underlying** <br> **Funds** <br> **Available** <br> **Under the** <br> **Contract** |

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|:---|:---|
| Because your Contract is customizable, the choices you make affect how much you will pay. <br> To help you understand the cost of owning your Contract, the following table shows the lowest <br> and highest cost you could pay *each year* based on current charges. | Because your Contract is customizable, the choices you make affect how much you will pay. <br> To help you understand the cost of owning your Contract, the following table shows the lowest <br> and highest cost you could pay *each year* based on current charges. |
| **Lowest Annual Cost: $326.57** | **Highest Annual Cost:** <br> **$4,747.18** |
| Assumes:<br> <sup>●</sup>Investment of $100,000<br> <sup>●</sup>5% annual appreciation<br> <sup>●</sup>Least expensive combination of Base Contract charge and <br> Underlying Fund fees and expenses<br><sup>●</sup>No optional benefits<br> <sup>●</sup>No advisory fees<br> <sup>●</sup>No additional Purchase Payments, transfers or withdrawals | Assumes:<br> <sup>●</sup>Investment of <br> $100,000<br><sup>●</sup>5% annual <br> appreciation<br><sup>●</sup>Most expensive <br> combination of Base <br> Contract charge, <br> optional benefit and <br> Underlying Fund fees <br> and expenses<br><sup>●</sup>No advisory fees<br> <sup>●</sup>No additional Purchase <br> Payments, transfers or <br> withdrawals |

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|:---|:---|
| **RISKS** | **Location in Prospectus** |

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|:---|:---|:---|
| **Is There a Risk** <br> **of Loss from** <br> **Poor** <br> **Performance?**<br>| **Yes.** You can lose money by investing in this Contract, including loss of <br> principal.<br>| **Principal Risks of** <br> **Investing in the Contract**<br>|
| **Is this a** <br> **Short-Term** <br> **Investment?**<br>| **No.**<br> <sup>●</sup>This Contract is not designed for short-term investing and is not appropriate <br> for an investor who needs ready access to cash.<br><sup>●</sup>Withdrawals may reduce or terminate Contract guarantees and may result in <br> taxes and tax penalties.<br><sup>●</sup>The benefits of tax deferral and long-term income mean the Contract is <br> more beneficial to investors with a long-time horizon.<br>| **The Contract – General** |
| **What are the** <br> **Risks** <br> **Associated with** <br> **the Investment** <br> **Options?**<br>| <sup>●</sup>An investment in this Contract is subject to the risk of poor investment <br> performance. Performance can vary depending on the performance of the <br> Investment Options that are available under the Contract. <br><sup>●</sup>Each investment option has its own unique risks.<br> <sup>●</sup>You should review the Investment Options before making an investment <br> decision.<br>| **Appendix A – Underlying** <br> **Funds Available Under** <br> **the Contract**<br>|
| **Whate are the** <br> **Risks Related to** <br> **the Insurance** <br> **Company?**<br>| An investment in the Contract is subject to the risks related to us, First Security <br> Benefit Life Insurance and Annuity Company of New York. Any obligations, <br> guarantees or benefits of the Contract are subject to our claims-paying ability. <br> If we experience financial distress, we may not be able to meet our obligations <br> to you. More information about First Security Benefit Life Insurance and <br> Annuity Company of New York, including our financial strength ratings, is <br> available upon request by calling 1-800-888-2461 or visiting www.fsbl.com.<br>| **Information About the** <br> **Company, the Separate** <br> **Account, and the** <br> **Underlying Funds – First** <br> **Security Benefit Life** <br> **Insurance and Annuity** <br> **Company of New York**<br>|

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**RESTRICTIONS** **Location in Prospectus** 

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**TAXES** **Location in Prospectus** 

**CONFLICTS OF INTEREST** **Location in Prospectus** 

**Fee Table**

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**The following tables describe the fees and expenses that you will pay when buying, owning, surrendering, or making withdrawals from an Investment Option or from the Contract. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.**

**The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender or make withdrawals from an Investment Option or from the Contract, or transfer Contract Value between Investment Options. State premium taxes may also be deducted. The fees and expenses do not reflect any advisory fees paid to financial intermediaries from your Contract Value or other assets. If such charges were reflected, the fees and expenses would be higher.**

**Transaction Expenses**

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|:---|:---|
|  | **Charge** |
| Sales Load Imposed on Purchase Payments | None |
| Surrender Charge (as a percentage of amount withdrawn attributable to Purchase Payments) | None |
| Transfer Processing Fee (per transfer) | None |

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**The next table describes the fees and expenses that you will pay *each year* during the time that you own the Contract (not including Underlying Fund fees and expenses). If you choose to purchase the optional rider, you will pay additional charges, as shown below.**

**Annual Contract Expenses**

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|:---|:---|
|  | **Charge** |
| Administrative Expenses | None |

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| |
|:---|
| Base Contract Expenses (as a percentage of average Contract Value)<br>0.45%<sup>1</sup> <br>|
| Optional Benefit Expenses – Return of Premium Death Benefit Rider Charge (as a percentage of <br> Contract Value)<br>0.10%<sup>2</sup> <br>|
| Optional Benefit Expenses – Return of Premium Death Benefit Rider Charge (as a percentage of <br> Contract Value)<br>0.35%<sup>3</sup> <br>|
| 1 This charge is comprised of both an annual mortality and expense risk charge and an annual administration charge. The administration charge <br> is equal to an annual rate of 0.25% and is deducted daily. We reserve the right to apply a higher administration charge to new Subaccounts we <br> add in the future. The mortality and expense risk charge is 0.20% but is reduced to 0.00% for Contract Values of $500,000 or more. Any <br> mortality and expense risk charge above the minimum charge of 0.00% is deducted from your Contract Value on a monthly basis. During the <br> Annuity Period, the mortality and expense risk charge is 0.30%; thus, during the Annuity Period the Base Contract Expenses are 0.55% in lieu <br> of the amount described above.<br>2 This is the Optional Benefit Expense for Contracts issued before February 1, 2013.<br> 3 This is the Optional Benefit Expense for Contracts issued on or after February 1, 2013. |

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**The next table below shows the minimum and maximum total operating expenses charged by the Underlying Funds that you may pay periodically during the time that you own the Contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of Underlying Funds available under the Contract, including their annual expenses, may be found in Appendix A to this Prospectus.**

**Annual Underlying Fund Expenses**

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|:---|:---|:---|
|  | **Minimum** | **Maximum** |
| Annual Underlying Fund Expenses (expenses deducted from Underlying Fund assets include <br> management fees, distribution (12b-1) fees, service fees and other expenses)<br>| 0.09% | 5.82% |
| Net Annual Underlying Fund Expenses (after contractual waivers/reimbursements)<sup>1</sup> <br>| 0.09% | 5.67% |
| 1<br> Certain of the Underlying Funds have entered into contractual expense waiver or reimbursement arrangements that reduce fund expenses <br> during the period of the arrangement. These arrangements vary in length and are in place at least through April 30, 2027. | 1<br> Certain of the Underlying Funds have entered into contractual expense waiver or reimbursement arrangements that reduce fund expenses <br> during the period of the arrangement. These arrangements vary in length and are in place at least through April 30, 2027. | 1<br> Certain of the Underlying Funds have entered into contractual expense waiver or reimbursement arrangements that reduce fund expenses <br> during the period of the arrangement. These arrangements vary in length and are in place at least through April 30, 2027. |

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**Examples — These Examples are intended to help you compare the cost of investing in the Subaccounts with the cost of investing in other annuity contracts that offer Variable Options. These costs include transaction expenses, Annual Contract Expenses and annual Underlying Fund fees and expenses but do not include state premium taxes, which may be applicable to your Contract. The Examples do not reflect any advisory fees paid to financial intermediaries from your Contract Value or other assets. If such fees were reflected, the costs would be higher.**

**The Example assumes all Contract value is allocated to the Subaccounts. Your costs could differ from those shown below if you invest in the Fixed Account (if available).**

**These Examples assume that you invest $100,000 in the Subaccounts for the time periods indicated. The Examples also assume that your investment has a 5% return each year and you elect the optional benefit available for an additional charge. The first Example assumes the most expensive Annual Underlying Fund Expenses. The second Example assumes the least expensive Annual Underlying Fund Expenses. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Based on the Most Expensive Annual Underlying Fund Expenses** | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| If you surrender your Contract at the end of the applicable time period | &nbsp;&nbsp; $6566.38 | &nbsp;&nbsp; $19381.73 | &nbsp;&nbsp; $31785.23 | &nbsp;&nbsp; $61077.93 |
| If you do not surrender; or if you annuitize your Contract at the end of the <br> applicable time period.<br>| &nbsp;&nbsp; $6566.38 | &nbsp;&nbsp; $19381.73 | &nbsp;&nbsp; $31785.23 | &nbsp;&nbsp; $61077.93 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Based on the Least Expensive Annual Underlying Fund Expenses** | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| If you surrender your Contract at the end of the applicable time period | &nbsp;&nbsp; $908.29 | &nbsp;&nbsp; $2838.39 | &nbsp;&nbsp; $4930.42 | &nbsp;&nbsp; $10960.81 |
| If you do not surrender; or if you annuitize your Contract at the end of the <br> applicable time period<br>| &nbsp;&nbsp; $908.29 | &nbsp;&nbsp; $2838.39 | &nbsp;&nbsp; $4930.42 | &nbsp;&nbsp; $10960.81 |

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**Principal Risks of Investing in the Contract**

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**Risk of Investment Loss —** The Contract involves risks, including possible loss of principal. You bear the risk of any decline in the Contract Value resulting from the performance of the Subaccounts you have chosen. Your losses could be significant. This risk could have a significant negative impact on certain benefits and guarantees under the Contract.

This Contract is not a deposit or obligation of, or guaranteed or endorsed by, any bank. This Contract is not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency.

**Short-Term Investment Risk/Withdrawal Risk —** This Contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash. If you plan to withdraw money or surrender the Contract for short-term needs, it may not be the right contract for you. A tax may be assessed on withdrawals and surrenders, and it could be substantial. If you make a withdrawal prior to age 59½, there may be adverse tax consequences, including a 10% IRS penalty tax. A withdrawal could reduce the value of the optional benefit by an amount greater than the amount withdrawn and could result in termination of the benefit. A total withdrawal (surrender) will result in the termination of your Contract and any benefits. The benefits of tax deferral, long-term income, and living benefit protections mean that this Contract is more beneficial to investors with a long time horizon.

**Subaccount Risk —** Amounts that you invest in the Subaccounts are subject to the risk of poor investment performance. You assume the investment risk. Generally, if the Subaccounts that you select make money, your Contract Value goes up, and if they lose money, your Contract Value goes down. Each Subaccount's performance depends on the performance of its Underlying Fund. Each Underlying Fund has its own investment risks, and you are exposed to the Underlying Fund's investment risks when you invest in a Subaccount. You are responsible for selecting Subaccounts that are appropriate for you based on your own individual circumstances, investment goals, financial situation, and risk tolerance. The investment risks are described in the prospectuses for the Underlying Funds.

**Managed Volatility Fund Risk —** Certain Underlying Funds utilize managed volatility strategies. These risk management techniques help us manage our financial risks associated with the Contract's guaranteed rider benefits, like living and death benefits, because they reduce the incidence of extreme outcomes, including the probability of large gains or losses. However, these strategies can also limit your participation in rising equity markets, which may limit the potential growth of your Contract Value and guaranteed rider benefits and may therefore conflict with your personal investment objectives. In addition, the cost of these hedging strategies may negatively impact performance.

**Purchase Payment Risk —** Your ability to make subsequent Purchase Payments is subject to restrictions. We reserve the right to refuse any Purchase Payment, to further limit your ability to make subsequent Purchase Payments with advance notice, and to require our prior approval before accepting Purchase Payments. There is no guarantee that you will always be permitted to make Purchase Payments.

**Financial Strength and Claims-Paying Ability Risk —** All guarantees under the Contract that are paid from our General Account (including under any Fixed Account option) are subject to our financial strength and claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you.

**Business Disruption and Cybersecurity Risk —** Our business is highly dependent upon the effective operation of our computer systems and those of our business partners, so our business is vulnerable to systems failures and cyber-attacks. Systems failures and cyber-attacks may adversely affect us, your Contract, and your Contract Value. In addition to cybersecurity risks, we are exposed to the risk that natural and man-made disasters, pandemics (like COVID-19), catastrophes, geopolitical disputes and military actions may significantly disrupt our business operations and our ability to administer the Contract. There can be no assurance that we or our service providers will be able to successfully avoid negative impacts associated with systems failures, cyber-attacks, or natural and man-made disasters, pandemics and catastrophes. We note that there may be an increased risk of cyberattacks during periods of geopolitical or military conflicts. For more information about these risks, see "More About the Contract – Business Disruption and Cybersecurity Risks."

**Tax Consequences Risk —** Withdrawals are generally taxable (to the extent of any earnings on the Contract), and prior to age 59½ a tax penalty may apply. In addition, even if the Contract is held for years before any withdrawal is made, the withdrawals are taxable as ordinary income rather than capital gains.

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**Advisory Fee Deduction Risk —** If you elect to pay third-party advisory fees from your Contract Value, then the deduction will reduce the death benefit and guaranteed rider benefits, perhaps significantly, and may be subject to federal and state income taxes and a 10% federal penalty tax.

**Contract Changes Risk —** From time to time, we make changes to the Contract. We may limit the number of transfers to 14 in a Contract Year. We may restrict your ability to make subsequent Purchase Payments. We may limit the number of loans you may have outstanding at any time. We reserve the right to add, remove or substitute the Underlying Funds available as investment options under the Contract in accordance with applicable law. We may change the investment restrictions under certain optional benefits, and we may stop offering for purchase any currently available optional benefit at any time.

**Information About the Company, the Separate Account, and the Underlying Funds**

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**First Security Benefit Life Insurance and Annuity Company of New York —** First Security Benefit Life Insurance and Annuity Company of New York is a stock life insurance company organized under the insurance laws of the State of New York on November 8, 1994. The Company offers fixed and variable annuity contracts in New York and is admitted to do business in that state. The Company's indirect parent, Eldridge Industries, LLC, owns, operates and invests in businesses across a wide range of sectors and is ultimately controlled by Todd L. Boehly.

The Principal Underwriter for the Contract is Security Distributors, LLC ("SDL"), One Security Benefit Place, Topeka, Kansas 66636-0001. SDL, an affiliate of the Company, is registered as a broker-dealer with the SEC and is a wholly-owned subsidiary of Security Benefit Life Insurance Company and is a member of the Financial Regulatory Authority ("FINRA").

We are obligated to pay all amounts promised to you under your Contract. All guarantees under the Contract are subject to our financial strength and claims-paying capabilities. We provide information about our financial strength in reports filed with state insurance departments. You may obtain information about us by contacting us using the information stated on the cover page of this prospectus, visiting our website at <u>www.fsbl.com</u> or visiting the SEC's website at <u>www.sec.gov</u>. You may also obtain reports and other financial information about us by contacting your state insurance department.

**Published Ratings —** The Company may from time to time publish in advertisements, sales literature and reports to Owners, the ratings and other information assigned to it by one or more independent rating organizations such as A.M. Best Company and Standard & Poor's. The purpose of the ratings is to reflect the financial strength and/or claims-paying ability of the Company and should not be considered as bearing on the investment performance of assets held in the Separate Account. Each year A.M. Best Company reviews the financial status of thousands of insurers, culminating in the assignment of Best's Ratings. These ratings reflect their current opinion of the relative financial strength and operating performance of an insurance company in comparison to the norms of the life/health insurance industry. In addition, the claims-paying ability of the Company as measured by Standard & Poor's Insurance Ratings Services may be referred to in advertisements or sales literature or in reports to Owners. These ratings, which are subject to change, are opinions as to an operating insurance company's financial capacity to meet the obligations of its insurance and annuity policies in accordance with their terms. Such ratings do not reflect the investment performance of the Separate Account or the degree of risk associated with an investment in the Separate Account.

**Separate Account —** The Company established the Separate Account under New York law on January 22, 1996. The Contract provides that the income, gains, or losses of the Separate Account, whether or not realized, are credited to or charged against the assets of the Separate Account without regard to other income, gains, or losses of the Company. The Contract contains a provision stating that assets held in the Separate Account may not be charged with liabilities arising from other business that the Company conducts. The Company owns the assets in the Separate Account and is required to maintain sufficient assets in the Separate Account to meet all Separate Account obligations under the Contract. Such Separate Account assets are not subject to claims of the Company's creditors.

The Separate Account consists of accounts referred to as Subaccounts. The Contract provides that the income, gains and losses, whether or not realized, are credited to, or charged against, the assets of each Subaccount without regard to the income, gains or losses in the other Subaccounts. Each Subaccount invests exclusively in shares of a

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corresponding Underlying Fund. Contract value allocated to a Subaccount will vary based on the investment experience of the corresponding Underlying Fund in which the Subaccount invests. There is a risk of loss of the entire amount invested.

The Company may in the future establish additional Subaccounts of the Separate Account, which may invest in other Underlying Funds or in other securities or investment vehicles. See "Changes to Investments."

The Separate Account is registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended (the "1940 Act"). Registration with the SEC does not involve supervision by the SEC of the administration or investment practices of the Separate Account or of the Company.

We do not guarantee the investment results of the Separate Account. Accumulated Value allocated to a Subaccount will vary based on the investment experience of the corresponding Investment Option in which the Subaccount invests. You bear the risk of any decline in the Accumulated Value of your Contract resulting from the performance of the Investment Option you have chosen. There is a risk of loss of the entire amount invested.

**Underlying Funds —** Each Underlying Fund is an open-end management investment company or a series thereof and is registered with the SEC under the 1940 Act. Such registration does not involve supervision by the SEC of the investments or investment policies of the Underlying Fund. Each Underlying Fund has its own investment objectives and policies.

As described in more detail in the Underlying Fund prospectuses, certain Underlying Funds employ managed volatility strategies that are intended to reduce the Underlying Fund's overall volatility and downside risk, and those Underlying Funds may help us manage the risks associated with providing certain guaranteed rider benefits under the Contract. During rising markets, the hedging strategies employed to manage volatility could result in your Contract Value rising less than would have been the case if you had been invested in an Underlying Fund without a managed volatility strategy. In addition, the cost of these hedging strategies may negatively impact performance. On the other hand, investing in an Underlying Fund with a managed volatility strategy may be helpful in a declining market with higher market volatility because the strategy will often reduce your equity exposure in such circumstances. In such cases, your Contract Value may decline less than would have been the case if you had not invested in an Underlying Fund with a managed volatility strategy.

Certain Underlying Funds invest substantially all of their assets in other funds ("funds of funds"). If you allocate Contract Value to a Subaccount that invests in a fund of funds, you will indirectly bear the fees and expenses of both the top-tier and bottom-tier funds, which will reduce your investment return. In addition, funds of funds may have higher expenses than funds that invest directly in debt or equity securities or other assets.

One of the Underlying Funds is a money market fund. There is no assurance that this Underlying Fund will be able to maintain a stable net asset value per share. In addition, during extended periods of low interest rates, and partly as a result of asset-based separate account charges, the yield on the corresponding Subaccount may become low and possibly negative.

Shares of the Underlying Funds currently are not publicly traded. They are available only as investment options in variable annuity or variable life insurance policies issued by life insurance companies or in some cases, through participation in certain qualified pension or retirement plans. Certain Underlying Funds have similar investment objectives and policies as other mutual funds managed by the same adviser. The investment results of the Underlying Funds, however, may be higher or lower than the results of such other funds. There can be no assurance, and no representation is made, that the investment results of any of the Underlying Funds will be comparable to the investment results of any other fund, even if both the Underlying Fund and the other fund are managed by the same adviser.

Due to the number of the Contract's Underlying Funds, the number of charge-free transfer opportunities between and among the Underlying Funds, and the fact that some Underlying Funds may have essentially the same investment strategy, it cannot be ruled out that the Owner of a Contract might be treated as the owner of a pro rata share of the Underlying Fund to which the Contract Value is allocated and taxed currently on income and gains attributable to the Underlying Funds.

Information regarding each Underlying Fund, including its (i) name, (ii) type or investment objective, (iii) investment adviser and any sub-investment adviser, (iv) current expenses, and (v) performance, is available in an appendix to this Prospectus. See **Appendix A: Underlying Funds Available Under the Contract**. We cannot assure that any Underlying Fund will achieve its objective. Each Underlying Fund has issued a prospectus that contains more detailed information about the Underlying Fund. Read these prospectuses carefully before investing. Paper or electronic copies of the Underlying Fund prospectuses may be obtained by calling us at 1-800-888-2461, e-mailing us at FSBLProspectusRequests@securitybenefit.com or visiting https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=NRVA30033&template=fsblny.

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**Certain Payments the Company and its Affiliates Receive with Regard to the Underlying Funds.** The Company (and its affiliates) receives payments from some of the Underlying Funds, their advisers, sub-advisers, and distributors, or affiliates thereof. The Company negotiates these payments and thus they differ by Underlying Fund (sometimes substantially), and the amounts the Company (or its affiliates) receives can be significant. Where these payments are made, the advisers, sub-advisers, or distributors (or affiliate thereof) of those Underlying Funds have increased access to the Company and its affiliates involved in the distribution of the Contract. Proceeds from these payments can be used by the Company for any corporate purpose, including payment of expenses that the Company and its affiliates incur in promoting, marketing, and administering the Contract and in the Company's role as an intermediary for the Underlying Funds. The Company and its affiliates may profit from these payments.

**<u>12b-1 Fees.</u>** The Company and/or its affiliate, SDL, the principal underwriter for the Contract, receive 12b-1 fees from certain of the Underlying Funds that are based on a percentage of the average daily net assets of the particular Underlying Fund attributable to the Contract and certain other variable insurance contracts issued or administered by the Company (or its affiliates). 12b-1 fees are paid out of Underlying Fund assets as part of the Underlying Fund's total annual operating expenses. Payments made out of Underlying Fund assets will reduce the amount of assets that would otherwise be available for investment, and will reduce the Underlying Fund's investment returns. Currently, the Company and SDL receive 12b-1 fees ranging from 0.25% to 0.50% of the average net assets of the Contract (and certain other variable insurance contracts issued or administered by the Company (or its affiliates)) invested in Underlying Funds that pay 12b-1 fees.

**<u>Payments from Underlying Fund Service Providers.</u>** The Company (or its affiliates) also receives payments from the investment advisers, sub-advisers, or distributors (or affiliates thereof) of certain of the Underlying Funds. These payments may be derived, in whole or in part, from the investment advisory fee deducted from Underlying Fund assets. Owners, through their indirect investment in the Underlying Funds, bear the costs of these investment advisory fees (see the Underlying Funds' prospectuses for more information). These payments usually are based on a percentage of the average daily net assets of the particular Underlying Fund attributable to the Contract and to certain other variable insurance contracts issued or administered by the Company (or its affiliates). Currently, the Company and its affiliates receive payments that range from 0.25% to 0.50% of the average net assets of the Contract (and certain other variable insurance contracts issued or administered by the Company (or its affiliates)) invested in an Underlying Fund. The Company may also receive payments from certain of the investment advisers, sub-advisers, or distributors (or affiliates thereof) of certain of the Underlying Funds that is based on a pre-determined fee and not based on the average net assets of the Contract (or other variable insurance contracts issued or administered by the Company or its affiliates) invested in the Underlying Fund. None of these payments are paid from Underlying Fund assets.

**<u>Other Payments.</u>** In the case of certain of the Underlying Funds, the Underlying Fund's adviser, sub-adviser, distributor, or affiliates provide the Company (or its affiliates) and/or broker-dealers that sell the Contract ("selling firms") with wholesaling services to assist the Company in the distribution of the Contract, pay the Company (or its affiliates) and/or selling firms amounts to participate in their national and regional sales conferences and meetings with their sales desks, and/or provide the Company (or its affiliates) and/or selling firms with occasional gifts, meals, tickets, or other compensation as an incentive for them to market the Underlying Funds when offering or distribution the Contract and to cooperate with their promotional efforts for the Underlying Funds.

For details about the compensation payments the Company makes in connection with the sale of the Contract, see "Sale of the Contract."

**Total Payments.** Currently, the Company and its affiliates, including SDL, receive payments from the Underlying Funds, their advisers, sub-advisers, and distributors, or affiliates thereof in the form of 12b-1 fees and/or other payments described above that range in total from a minimum of 0.25% to a maximum of 0.60% of the average net assets of the Contract (and certain other variable insurance contracts issued or administered by the Company (or its affiliates)) invested in the Underlying Funds. This does not include the arrangements with certain of the investment advisers, sub-advisers, or distributors (or affiliates thereof) of certain of the Underlying Funds in which the payment is not based on the average net assets of the Contract invested in an Underlying Fund.

**Administration Charge.** The Company may charge a higher administration charge for certain Subaccounts that invest in Underlying Funds that do not provide the Company or its affiliates with the amount of revenue it requires in order for the Company to meet its revenue targets. See "Administration Charge."

**Selection of Underlying Funds.** The Company selects the Underlying Funds offered through the Contract based on several criteria, including asset class coverage, the strength of the investment adviser's (or sub-adviser's) reputation and tenure, brand recognition, performance, and the capability and qualification of each investment firm. Another factor the Company considers during the selection process is whether the Underlying Fund, its adviser, its sub-adviser, or an affiliate will make payments to the Company or its affiliates, as described above. These payment arrangements may create an incentive for us to select funds that pay us higher amounts. The Company also

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considers whether the Underlying Fund's adviser is one of its affiliates, and whether the Underlying Fund, its adviser, sub-adviser, or distributor (or an affiliate) can provide marketing and distribution support for sale of the Contract. The Company reviews each Underlying Fund periodically after it is selected. Upon review, the Company may remove an Underlying Fund or restrict allocation of additional Purchase Payments and/or transfers of Contract Value to an Underlying Fund if it determines the Underlying Fund no longer meets one or more of the criteria and/or if the Underlying Fund has not attracted significant assets. The Company does not recommend or endorse any particular Underlying Fund and does not provide investment advice.

**Charges and Deductions**

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Certain charges will be deducted in connection with the Contract, as described below.

**<u>Transaction Expenses</u>**

**Premium Tax Charge —** Various states and municipalities impose a tax on premiums on annuity contracts received by insurance companies. Whether or not a premium tax is imposed will depend upon, among other things, the Owner's state of residence, the Annuitant's state of residence, and the insurance tax laws and the Company's status in a particular state. The Company may assess a premium tax charge to reimburse itself for premium taxes that it incurs in connection with a Contract. If assessed, the Company will deduct this charge upon the Annuity Start Date. The Company may deduct premium tax upon a full or partial withdrawal (including a systematic withdrawal or a withdrawal made to pay the fees of your investment adviser) if a premium tax has been incurred and is not refundable. No premium tax is currently imposed in the State of New York. The Company reserves the right to deduct premium taxes when due or any time thereafter.

**Deduction of Advisory Fees —** You may enter into a separate investment advisory agreement with an investment adviser that provides asset allocation services in connection with your Contract. We are not affiliated with those investment advisers, and we do not supervise or perform due diligence on investment advisers who may provide such asset allocation services. By entering into an agreement with the investment adviser for asset allocation services and executing the Company's investment adviser authorization form, you authorize the investment adviser to allocate your Contract Value among certain Subaccounts and make changes in your allocations from time to time, and you may authorize us to deduct amounts from your Contract Value to pay the investment adviser's fee in the amounts and at the times directed by the investment adviser in writing. You may terminate your investment adviser authorization at any time by sending written and signed notice of termination to our Administrative Office or submitting an electronic notice of termination to <u>AAWF-NF@securitybenefit.com</u>.

We will treat each deduction as a partial withdrawal from your Contract. The Company will deduct the amount of the withdrawal from the Contract Value in the Subaccounts, according to the Owner's or authorized investment adviser's instructions to the Company. If you do not specify the allocation, the Company will deduct the withdrawal in the same proportion that Contract Value is allocated among the Subaccounts. The investment advisory fee is paid to the investment adviser and is not a Contract charge retained by us. For Non-Qualified Contracts, all or a portion of the charges deducted from your Contract Value to pay the investment adviser's fees may be subject to federal and state income tax and a 10% federal penalty tax.

In a series of recent private letter rulings, the IRS has recognized that investment adviser fees may, in certain circumstances and subject to certain conditions, be deemed a part of a Non-Qualified Contract rather than a taxable distribution. We have received such a private letter ruling from the IRS and intend to tax report in accordance with that ruling.

The investment advisory fee is described more fully in the disclosure statement provided by the investment adviser. You should consult with your representative for details regarding the investment advisory services, including fees and expenses. A tax-free partial exchange may become taxable if an advisory fee is paid from your Contract Value within 180 days of the partial exchange. Consult your tax adviser for advice concerning tax-free partial exchanges.

Withdrawals from your Contract Value to pay advisory fees will reduce the death benefits and other guaranteed benefits under the Contract, perhaps significantly. See "Death Benefit" for an example of how withdrawals to pay advisory fees impact the Contract Value and standard death benefit.

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**<u>Annual Contract Expenses</u>**

**Administrative Expenses**

The Company does not deduct Administrative Expenses from your Contract.

**Base Contract Expenses**

**Mortality and Expense Risk Charge —** The Company deducts a charge for mortality and expense risks assumed by the Company under the Contract. The Company deducts a daily minimum charge equal to 0%, on an annual basis, of each Subaccount's average daily net assets. If you are subject to a mortality and expense risk charge above the minimum charge, the Company deducts the excess amount from your Contract Value on a monthly basis. The mortality and expense risk charge amount is determined each month by reference to the amount of your Contract Value at the time the charge is deducted, as set forth in the table below.

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| | |
|:---|:---|
| **Withdrawal Charge Schedule** | **Annual Mortality and Expense Risk Charge** |
| Less than $500,000 | 0.20% |
| $500,000 or more | 0.00% |

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We also deduct a mortality and expense risk charge during the Annuity Period in the amount of 0.30%, on an annual basis, of each Subaccount's average daily net assets. The Company guarantees that the charge for mortality and expense risks will not exceed an annual rate of 0.20% (0.30% during the Annuity Period) of each Subaccount's average daily net assets.

The mortality and expense risk charge is intended to compensate the Company for certain mortality and expense risks the Company assumes in offering and administering the Contract and in operating the Subaccounts.

The expense risk is the risk that the Company's actual expenses in issuing and administering the Contract and operating the Subaccounts will be more than the charges assessed for such expenses. The mortality risk borne by the Company is the risk that Annuitants, as a group, will live longer than the Company's actuarial tables predict. In this event, the Company guarantees that annuity payments will not be affected by a change in mortality experience that results in the payment of greater annuity income than assumed under the Annuity Options in the Contract. The Company also assumes a mortality risk in connection with the death benefit under the Contract (i.e., for deaths occurring sooner than the Company's actuarial tables predict).

The Company may ultimately realize a profit from this charge to the extent it is not needed to cover mortality and administrative expenses, but the Company may realize a loss to the extent the charge is not sufficient. The Company may use any profit derived from this charge for any lawful purpose, including distribution expenses. See "Determination of Contract Value" for more information about how the Company deducts the mortality and expense risk charge.

**Administration Charge —** The Company deducts a daily administration charge equal to an annual rate of each Subaccount's average daily net assets. The annual charge for each of the Subaccounts currently offered through this Prospectus is 0.25%. The Company guarantees that this charge will not increase for the Subaccounts available under the Contract as of the date of this Prospectus; however, the amount of this charge may be higher for Subaccounts that the Company adds in the future.

The Company assesses the administration charge in order to facilitate making certain Underlying Funds available as investment options under the Contract. The Company applies the fee on all Subaccounts, but may impose a higher fee on Subaccounts that we add in the future that invest in Underlying Funds that do not provide the Company or its affiliates with the amount of revenue it requires in order for the Company to meet its revenue targets. See "Certain Payments the Company and its Affiliates Receive With Regard to the Underlying Funds" for more information on payments the Company and its affiliates may receive from the Underlying Funds and their affiliates. These payments may be used for any corporate purpose, including payment of expenses that the Company and its affiliates incur in promoting, marketing, and administering the Contract and, in its role as intermediary for, the Underlying Funds. The Company may profit from the administration charge, and may use any profit derived from this fee for any lawful purpose, including distribution expenses.

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**Other Charges —** The Company may charge the Separate Account or the Subaccounts for the federal, state, or local taxes incurred by the Company that are attributable to the Separate Account or the Subaccounts, or to the operations of the Company with respect to the Contract, or that are attributable to payment of premiums or acquisition costs under the Contract. No such charge is currently assessed. See "Tax Status of the Company and the Separate Account" and "Charge for the Company's Taxes."

**Variations in Charges —** The Company may reduce or waive the amount of certain charges for a Contract where the expenses associated with the sale of the Contract or the administrative and maintenance costs associated with the Contract are reduced for reasons such as the amount of the initial Purchase Payment or projected Purchase Payments or the Contract is sold in connection with a group or sponsored arrangement.

**Return of Premium Death Benefit Rider Charge —** In addition to the charges and deductions discussed above, you may purchase the Return of Premium Death Benefit rider under the Contract. The Company makes the rider available only at issue.

The Company deducts a monthly charge from your Contract Value for the Return of Premium Death Benefit rider. **The Company deducts the monthly charge from your Contract Value beginning on the Contract Date and ending on the Annuity Start Date.** The amount of the rider charge is equal to 0.35% (for Contracts issued on or after February 1, 2013) or 0.10% (for Contracts issued before February 1, 2013), on an annual basis, of your Contract Value.

**Underlying Fund Expenses —** Each Subaccount of the Separate Account purchases shares at the net asset value of the corresponding Underlying Fund. Each Underlying Fund's net asset value reflects the investment advisory fee and other expenses that are deducted from the assets of the Underlying Fund. These fees and expenses are not deducted from the Subaccounts but are paid from the assets of the corresponding Underlying Fund. As a result, the Owner indirectly bears a pro rata portion of such fees and expenses. The advisory fees and other expenses, if any, which are more fully described in each Underlying Fund's prospectus, are not specified or fixed under the terms of the Contract and may vary from year to year.

**Payment of Compensation —** The Company pays commissions to SDL and to Selling Broker-Dealers in connection with the promotion and sale of the Contract according to one or more schedules. Commissions and other incentives or payments (discussed below) are not charged directly to Owners or the Separate Account. The Company uses its corporate assets to pay commissions and other costs of distributing the Contract. The Company intends to recoup commissions and other sales expenses through fees and charges deducted under the Contract (including any profit from the mortality and expense risk charge and administration charge or other fees and charges imposed under the Contract) or from its General Account.

**The Contract**

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**General —** The Company issues the Contract offered by this Prospectus. It is a flexible purchase payment deferred variable annuity. The Contract is significantly different from a fixed annuity contract in that it is the Owner under a Contract who assumes the risk of investment gain or loss rather than the Company. When you are ready to begin receiving annuity payments, the Contract provides several Annuity Options under which the Company will pay periodic annuity payments on a variable basis, a fixed basis or both, beginning on the Annuity Start Date. The amount that will be available for annuity payments will depend on the investment performance of the Subaccounts to which you have allocated Purchase Payments.

The Contract is available for purchase by an individual as a non-tax qualified contract ("Non-Qualified Contract"). The Contract is also eligible for purchase in connection with certain tax qualified retirement plans that meet the requirements of Section 408 or 408A of the Internal Revenue Code ("IRA" or "Qualified Plan"). Certain federal tax advantages are currently available to retirement plans that qualify as traditional and Roth individual retirement accounts or annuities, including traditional IRAs established by an employer under a simplified employee pension plan or a SIMPLE IRA plan, under Section 408. Joint Owners are permitted only on a Contract issued pursuant to a Non-Qualified Contract. If you are purchasing the Contract as an investment vehicle for a Section 408 or 408A IRA, you should consider that the Contract does not provide any additional tax advantages beyond those already available through the Qualified Plan. However, the Contract does offer features and benefits in addition to providing tax deferral that other investments may not offer, including death benefit protection for your beneficiaries and annuity options which guarantee income for life. You should consult with your financial professional as to whether the overall benefits and costs of the Contract are appropriate considering your circumstances.

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**Important Information About Your Benefits Under the Contract —** The benefits under the Contract are paid by us from our General Account assets and/or your Contract Value held in the Separate Account. It is important that you understand that payment of benefits from the Separate Account is not guaranteed and depends upon certain factors discussed below.

**Assets in the Separate Account.** Your Contract permits you to allocate Purchase Payments and Contract Value to various Subaccounts. You bear all of the investment risk for allocations to the Subaccounts. Your Contract Value in the Subaccounts is part of the assets of the Separate Account. These assets are segregated and cannot be charged with liabilities arising from any other business that we may conduct.

**Assets in the General Account.** Any guarantees under the Contract that exceed your Contract Value (such as those associated with the Return of Premium Death Benefit rider) are paid from our General Account. We issue other types of insurance policies and financial products as well, and we pay our obligations under these products from our assets in the General Account.

Any amounts that we are obligated to pay under the Contract from the General Account are subject to our financial strength and claims-paying ability. An insurance company's financial strength and claims-paying ability may be affected by, among other factors, adverse market developments. Adverse market developments may result in, among other things, realized losses on General Account investments, unrealized losses on such investments (which may or may not result in accounting impairments), increased reserve requirements, and a reduction of capital both absolutely and relative to minimum, regulatory required capital (some of which are cash items and some of which are noncash items). Adverse market developments are an inherent risk to our, and any insurer's, General Account.

**Application for a Contract —** If you wish to purchase a Contract, you may submit an application and an initial Purchase Payment to the Company, as well as any other form or information that the Company may require. The Company reserves the right to reject an application or Purchase Payment for any reason, subject to the Company's underwriting standards and guidelines and any applicable state or federal law relating to nondiscrimination.

The maximum age of an Owner or Annuitant for which a Contract will be issued is age 90. If there are Joint Owners or Annuitants, the maximum issue age will be determined by reference to the older Owner or Annuitant.

**Purchase Payments —** The minimum initial Purchase Payment for the purchase of a Contract is $50,000. Thereafter, you may choose the amount and frequency of Purchase Payments, except that the minimum subsequent Purchase Payment is $500. The minimum subsequent Purchase Payment if you elect an Automatic Investment Program is $50. The Company may reduce the minimum Purchase Payment requirement under certain circumstances. Subject to the Aggregate Purchase Payment Limit discussed below, the Company will accept, without prior Company approval, an initial Purchase Payment in an amount up to $2,000,000 provided that (i) the Owner age at the time of issue is 81 or older (but not older than the maximum issue age) or (ii) the Contract is issued with a Return of Premium Death Benefit Rider. Subject to the Aggregate Purchase Payment Limit discussed below, the Company will accept, without prior Company approval, an initial Purchase Payment in an amount up to $3,000,000 provided that (i) the Owner age at the time of issue is 80 or younger and (ii) the Contract is issued without a Return of Premium Death Benefit Rider. The Company will not accept, without prior Company approval, aggregate Purchase Payments in an amount that exceeds $3,000,000 under all variable annuity contract(s) issued by the Company for which you are an Owner and/or Joint Owner (the "Aggregate Purchase Payment Limit"). The Company has the right to refuse any Purchase Payment and to cease accepting Purchase Payments.

The Company will apply the initial Purchase Payment not later than the end of the second Valuation Date after the Valuation Date it is received by the Company, in good order. In this regard "good order" means that the Purchase Payment is preceded or accompanied by an application that contains sufficient information to establish an account and properly credit such Purchase Payment. The application form will be provided by the Company. If you submit your application and/or initial Purchase Payment to your registered representative, the Company will not begin processing the application and the initial Purchase Payment until the Company receives them from your representative's broker-dealer.

Sometimes the Purchase Payment is not preceded by or accompanied by a complete application. The application includes your affirmative consent permitting the Company to hold your initial Purchase Payment beyond five Valuation Dates in its effort to complete your application. If your application is incomplete, and the Company is unable to resolve the problem within five Valuation Dates, the Company will notify you of the reasons for the delay. If you affirmatively revoke the consent given with your application to hold your initial Purchase Payment pending resolution of the problem, we will return your Purchase Payment. Otherwise, the Purchase Payment will be applied not later than the second Valuation Date after the Valuation Date the problem is resolved.

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The Company will credit subsequent Purchase Payments as of the end of the Valuation Period in which they are received by the Company at its Administrative Office; however, subsequent Purchase Payments received at or after close of a Valuation Date (normally 3:00 p.m. Central time) will be effected at the Accumulation Unit value determined on the following Valuation Date. See "Cut-Off Times." In addition, any such Purchase Payment will not be processed until it is in good order. In this regard, "good order" means that the Purchase Payment is preceded or accompanied by sufficient information to properly credit such Purchase Payment. Purchase Payments after the initial Purchase Payment may be made at any time prior to the Annuity Start Date, so long as the Owner is living. Subsequent Purchase Payments under a Qualified Plan may be limited by the terms of the plan and provisions of the Internal Revenue Code. Subsequent Purchase Payments may be paid under an Automatic Investment Program. The initial Purchase Payment required must be paid before the Company will accept the Automatic Investment Program. If you submit a subsequent Purchase Payment to your registered representative, the Company will not begin processing the Purchase Payment until the Company receives it from your representative's broker-dealer.

If mandated under applicable law, the Company may be required to reject a Purchase Payment. The Company also may be required to provide additional information about the Owner's account to government regulators. In addition, the Company may be required to block the Owner's account and thereby refuse to pay any request for transfers, full or partial withdrawals (including systematic withdrawals), or death benefits until instructions are received from the appropriate regulator.

**Allocation of Purchase Payments —** In an application for a Contract, you select the Subaccounts to which Purchase Payments will be allocated. Purchase Payments will be allocated according to your instructions contained in the application or more recent instructions received, if any, except that no Purchase Payment allocation is permitted that would result in less than $25.00 per payment being allocated to any one Subaccount. The allocations must be a whole dollar amount or a whole percentage. Available allocation alternatives include the Subaccounts.

You may change the Purchase Payment allocation instructions by submitting a proper written request to the Company's Administrative Office. A proper change in allocation instructions will be effective upon receipt by the Company at its Administrative Office and will continue in effect until you submit a change in instructions to the Company. You may make changes in your Purchase Payment allocation and changes to an existing Dollar Cost Averaging or Asset Reallocation Option (each, an "Automatic Allocation Program") by telephone provided the proper form is properly completed, signed, and received by the Company at its Administrative Office. Changes in the allocation of future Purchase Payments have no effect on existing Contract Value. You may, however, transfer Contract Value among the Subaccounts in the manner described in "Transfers of Contract Value."

**Fund Liquidations.** If your allocation instructions include a Subaccount that has become no longer available due to a fund liquidation, upon advance notice to you and unless you otherwise instruct us, we will allocate the applicable portion of any subsequent Purchase Payments to the Rydex VIF U.S. Government Money Market Subaccount, and any automatic allocation instructions for scheduled transfers that include a Subaccount that is no longer available due to a fund liquidation will be terminated. If you wish to set up a new Dollar Cost Averaging Option or Asset Reallocation Option (without the Subaccount that is no longer available due to a fund liquidation), you will need to submit a new form to us. If you request a transfer of Contract Value to a Subaccount that is no longer available due to a fund liquidation, we will consider your request to not be in good order, and we will not process it. In such cases, we will contact you for further instructions.

**Closed Subaccounts.** We reserve the right to close Subaccounts. If we close a Subaccount (a "Closed Subaccount"), you may be prevented from allocating Purchase Payments or Contract Value to that Subaccount. The table below lists the Closed Subaccounts, and the effective date on which the Subaccounts were closed or will close.

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| | |
|:---|:---|
| **Closed Subaccounts** | **Effective Date** |
| Alger Capital Appreciation | April 30, 2021 |
| Lord Abbett Series Developing Growth VC | May 5, 2021 |
| Vanguard<sup>®</sup> VIF Small Company Growth | May 1, 2019 |

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In the event that we receive a request to allocate Purchase Payments or Contract Value to a Closed Subaccount, we will handle that transaction as follows:

**<u>New Applications.</u>** If we receive an application for a Contract with an allocation to a Closed Subaccount, we will consider the application to be incomplete and we will attempt to contact the applicant to get revised instructions. The Company will hold the Purchase Payment in its General Account and may take up to five Valuation Dates to resolve the problem. If the Company is unable to resolve the problem within five Valuation Dates, the Company will notify the applicant of the reasons for the delay. If the applicant affirmatively revokes the consent given with their application to

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hold the initial Purchase Payment pending resolution of the problem, we will return the applicant's Purchase Payment. Otherwise, the Purchase Payment will be applied not later than the second Valuation Date after the Valuation Date the problem is resolved.

**<u>Existing Contracts.</u>** Except as provided below, if we receive a Purchase Payment for an existing Contract with an allocation a Closed Subaccount, we will allocate the applicable portion of the payment to the Rydex VIF U.S. Government Money Market Subaccount. If you have automatic allocation instructions designating allocation to a Closed Subaccount pursuant to an Automatic Allocation Program as of the date that a Subaccount is closed, your automatic allocation instructions will be terminated as of the close of business on that date. If you wish to set up a new Dollar Cost Averaging Option or Asset Reallocation Option (without the Closed Subaccount), you will need to submit a new form to our Administrative Office. If you request a transfer of Contract Value to a Closed Subaccount, we will consider your request to not be in good order, and we will not process it. In such cases, we will contact you for further instructions.

Notwithstanding the foregoing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

If you had Contract Value allocated to the Alger Capital Appreciation on April 30, 2021, your Contract Value will remain invested in that Subaccount and you may continue to allocate Purchase Payments or transfer Contract Value to or from that Subaccount, subject to transfer restrictions. Automatic allocation instructions involving the Alger Capital Appreciation Subaccount pursuant to an Automatic Allocation Program will remain in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

If you had Contract Value allocated to the Lord Abbett Series Developing Growth VC Subaccount on May 5, 2021, your Contract Value will remain invested in that Subaccount and you may continue to allocate Purchase Payments or transfer Contract Value to or from that Subaccount, subject to transfer restrictions. Automatic allocation instructions involving the Lord Abbett Series Developing Growth VC Subaccount pursuant to an Automatic Allocation Program will remain in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

If you had Contract Value allocated to the Vanguard<sup>®</sup> VIF Small Company Growth Subaccount on May 1, 2019, your Contract Value will remain invested in that Subaccount and you may continue to allocate Purchase Payments or transfer Contract Value to or from that Subaccount, subject to transfer restrictions. Automatic allocation instructions involving the Vanguard<sup>®</sup> VIF Small Company Growth Subaccount pursuant to an Automatic Allocation Program will remain in effect.

**Dollar Cost Averaging Option —** For no additional charge, prior to the Annuity Start Date, you may dollar cost average your Contract Value by authorizing the Company to make periodic transfers of Contract Value from any one Subaccount to one or more of the other Subaccounts. Dollar cost averaging is a systematic method of investing in which securities are purchased at regular intervals in fixed dollar amounts so that the cost of the securities gets averaged over time and possibly over various market cycles. The option will result in the transfer of Contract Value from one Subaccount to one or more of the other Subaccounts. Amounts transferred under this option will be credited at the price of the Subaccount as of the end of the Valuation Dates on which the transfers are effected. Since the price of a Subaccount's Accumulation Units will vary, the amounts transferred to a Subaccount will result in the crediting of a greater number of units when the price is low and a lesser number of units when the price is high. Similarly, the amounts transferred from a Subaccount will result in a debiting of a greater number of units when the price is low and a lesser number of units when the price is high. Dollar cost averaging does not guarantee profits, nor does it assure that you will not have losses.

A Dollar Cost Averaging form is available upon request. On the form, you must designate whether Contract Value is to be transferred on the basis of a specific dollar amount, a fixed period or earnings only, the Subaccount or Subaccounts to and from which the transfers will be made, the desired frequency of the transfers, which may be on a monthly, quarterly, semiannual or annual basis, and the length of time during which the transfers shall continue or the total amount to be transferred over time. The minimum amount that may be transferred to any one Subaccount is $25.00. The Company does not require that transfers be continued over any minimum period of time, although typically dollar cost averaging would extend over a period of at least one year.

After the Company has received a Dollar Cost Averaging request in proper form at its Administrative Office, the Company will transfer Contract Value in the amounts you designate from the Subaccount from which transfers are to be made to the Subaccount or Subaccounts you have chosen. The Company will effect each transfer on the date you specify or if no date is specified, on the monthly, quarterly, semiannual or annual anniversary, whichever corresponds to the period selected, as of the date of receipt at the Administrative Office of a Dollar Cost Averaging request in proper form. Transfers will be made until the total amount elected has been transferred, or until Contract Value in the Subaccount from which transfers are made has been depleted. Amounts periodically transferred under

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this option are not included in the 14 transfers per Contract Year that generally are allowed as discussed under "Transfers of Contract Value."

You may make changes to the option by writing to the Company's Administrative Office or by telephone provided the proper form is completed, signed, and received by the Company. You may instruct the Company at any time to terminate the option by written request to the Company's Administrative Office. In that event, the Contract Value in the Subaccount from which transfers were being made that has not been transferred will remain in that Subaccount unless you instruct us otherwise. If you wish to continue transferring on a dollar cost averaging basis after the expiration of the applicable period, the total amount elected has been transferred, or the Subaccount has been depleted, or after the Dollar Cost Averaging Option has been canceled, a new Dollar Cost Averaging form must be completed and sent to the Administrative Office. The Company requires that you wait at least a month if transfers were made on a monthly basis, a quarter if transfers were made on a quarterly basis, six months if transfers were made on a semiannual basis or one year if transfers were made on an annual basis, before reinstating Dollar Cost Averaging after it has been terminated for any reason. The Company may discontinue, modify, or suspend the Dollar Cost Averaging Option at any time. The Company does not currently charge a fee for this option. If you elect the Dollar Cost Averaging Option, you may also elect the Asset Reallocation Option.

**Asset Reallocation Option —** For no additional charge, prior to the Annuity Start Date, you may authorize the Company to automatically transfer Contract Value on a monthly, quarterly, semiannual or annual basis to maintain a particular percentage allocation among the Subaccounts. The Contract Value allocated to each Subaccount will grow or decline in value at different rates during the selected period, and Asset Reallocation automatically reallocates the Contract Value in the Subaccounts to the allocation you selected on a monthly, quarterly, semiannual or annual basis, as you select. Asset Reallocation is intended to transfer Contract Value from those Subaccounts that have increased in value to those Subaccounts that have declined in value. Over time, this method of investing may help you buy low and sell high. This investment method does not guarantee profits, nor does it assure that you will not have losses.

To elect this option an Asset Reallocation request in proper form must be received by the Company at its Administrative Office. An Asset Reallocation form is available upon request. On the form, you must indicate the applicable Subaccounts, the applicable time period and the percentage of Contract Value to be allocated to each Subaccount.

Upon receipt of the Asset Reallocation form, the Company will effect a transfer among the Subaccounts based upon the percentages that you selected. Thereafter, the Company will transfer Contract Value to maintain that allocation on each monthly, quarterly, semiannual or annual anniversary, as applicable, as of the date of the Company's receipt of the Asset Reallocation request in proper form. The amounts transferred will be credited at the price of the Subaccount as of the end of the Valuation Date on which the transfer is effected. Amounts periodically transferred under this option are not included in the 14 transfers per Contract Year that generally are allowed as discussed under "Transfers of Contract Value."

You may make changes to the option by writing to the Company's Administrative Office or by telephone provided the proper form is completed, signed, and received at the Company's Administrative Office. You may instruct the Company at any time to terminate this option by written request to the Company's Administrative Office. In that event, the Contract Value in the Subaccounts that has not been transferred will remain in those Subaccounts regardless of the percentage allocation unless you instruct us otherwise. If you wish to continue Asset Reallocation after it has been canceled, a new Asset Reallocation form must be completed and sent to the Company's Administrative Office. The Company may discontinue, modify, or suspend, and reserves the right to charge a fee, for the Asset Reallocation Option at any time. The Company does not currently charge a fee for this option. If you elect the Asset Reallocation Option, you may also elect the Dollar Cost Averaging Option.

**Transfers of Contract Value —** You may transfer Contract Value among the Subaccounts upon proper written request to the Company's Administrative Office both before and after the Annuity Start Date. You may make transfers (other than transfers pursuant to the Dollar Cost Averaging and Asset Reallocation Options) by telephone if the Electronic Transfer Privilege section of the application or the proper form has been completed, signed and received at the Company's Administrative Office. The minimum transfer amount is $500, or the amount remaining in a given Subaccount. The minimum transfer amount does not apply to transfers under the Dollar Cost Averaging or Asset Reallocation Options.

The Company generally effects transfers between or from the Subaccounts at their respective Accumulation Unit values as of the close of the Valuation Period during which the transfer request is received; however, transfer requests received at or after the applicable cut-off time on any Valuation Date will be effected at the Accumulation Unit value determined on the following Valuation Date. Normally, the cut-off time for transfer requests is 2:00 p.m.

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Central time. If regular trading on the New York Stock Exchange closes prior to 3:00 p.m. Central time, the cut-off time for transfer requests will be one hour prior to closing. See "Cut-Off Times." In addition, a transfer request will not be processed until it is in good order. In this regard, "good order" means that the transfer request is preceded or accompanied by sufficient information to properly execute the transfer.

The Company reserves the right to limit the number of transfers to 14 in a Contract Year, although the Company does not limit the frequency of transfers with regard to the Donoghue, Rydex and certain Federated Subaccounts. In addition, transfers are subject to frequent trading restrictions described below. The Company will limit your transfers if we determine that you are engaging in a pattern of transfers that is disruptive to the Underlying Funds or potentially disadvantageous to other Owners and Participants with Contract Value allocated to the applicable Subaccount(s) and we believe that suspension of your electronic transfer privileges, as discussed below, does not adequately address your transfer activity. The Company does not assess a transfer processing fee on transfers.

**Frequent Transfer Restrictions.** The Contract is not designed for organizations or individuals engaging in a market timing strategy, or making programmed transfers, frequent transfers or transfers that are large in relation to the total assets of an Underlying Fund. These kinds of strategies and transfer activities may disrupt portfolio management of the Underlying Funds in which the Subaccounts invest (such as requiring the Underlying Fund to maintain a high level of cash or causing an Underlying Fund to liquidate investments prematurely to pay withdrawals), hurt Underlying Fund performance, and drive Underlying Fund expenses (such as brokerage and administrative expenses) higher, which are reflected in Underlying Fund performance. In addition, because other insurance companies and/or retirement plans may invest in the Underlying Funds, the risk exists that the Underlying Funds may suffer harm from programmed, frequent, or large transfers among subaccounts of variable contracts issued by other insurance companies or among investment options available to retirement plan participants. These risks and costs are borne by all shareholders of an affected Underlying Fund, Owners with Contract Value allocated to the corresponding Subaccount (as well as their Designated Beneficiaries and Annuitants) and long-term investors who do not generate these costs.

The Company has in place policies and procedures designed to restrict transfers if we determine that you are engaging in a pattern of transfers that is disruptive to the Underlying Funds or potentially disadvantageous to other Owners with Contract Value allocated to the applicable Subaccount (regardless of the number of previous transfers the Owner has made during the Contract Year). In making this determination, we monitor transfers among the Subaccounts and consider, among other things, the following factors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

the total dollar amount being transferred;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

the number of transfers you made within a period of time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

transfers to and from (or from and to) the same Subaccount;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

whether your transfers appear to follow a pattern designed to take advantage of short-term market fluctuations; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

whether your transfers appear to be part of a group of transfers made by a third party on behalf of the individual Owners in the group.

There is a risk that some Owners may engage in transfer activity in a manner that is disruptive to the Underlying Funds or potentially disadvantageous to other Owners, which may have a negative impact on such other Owners. If the Company determines that your transfer patterns among the Subaccounts are disruptive to the Underlying Funds or potentially disadvantageous to Owners, the Company may send you a letter notifying you that it is prohibiting you from making telephone transfers or other electronic transfers and instead requiring that you submit transfer requests in writing via regular U.S. mail for a disclosed period beginning on the date of the letter.

In addition, if you make a certain number of transfers ***from*** a Subaccount followed by a transfer to that Subaccount (or ***to*** a Subaccount followed by a transfer from that Subaccount) ("round trip transfers") during the prior 12-month period (or such shorter period as specified in the chart below), the Company will prohibit further transfers to that Subaccount until such transfer may be made without violating the number of round trip transfers permitted. The Transfer Block Restriction applies only on Subaccount transfer amounts greater than $5,000.

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| |
|:---|
| **Subaccount** |
| Federated Hermes High Income Bond II<br>2<sup>1</sup> <br>|
| 1<br> Number of round trip transfers that can be made in any 12 month period before the Company will prohibit further transfers to that <br> Subaccount. Transfers to the Subaccount will be prohibited until such transfer may be made without violating the number of round trip <br> transfers set forth above. |

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Further, if you make a transfer ***from*** any of the Subaccounts listed below, then you may not make a transfer ***to*** that same Subaccount for a period of calendar days equal to the amount listed in the table below in the column titled "Transfer Block Restriction." The Transfer Block Restriction applies only on Subaccount transfer amounts greater than $5,000. The calendar day after the date of the transfer out of the particular Subaccount is considered day 1 for the purpose of computing the period before a transfer to the same Subaccount may be made. For example, if you transfer money out of the NAA SMid-Cap Value Series Subaccount on April 16, the 30 day restriction begins on April 17 and ends on May 16, which means you could transfer back into the NAA SMid-Cap Value Series Subaccount on May 17. This restriction does not apply to transfers made pursuant to the Dollar Cost Averaging and Asset Reallocation Options.

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| | |
|:---|:---|
| **Subaccount** | **Transfer**<br> **Block Restriction**<br> **(# of Calendar Days)**<br>|
| AB Discovery Value, AB Relative Value, AB Sustainable Global Thematic, AB VPS <br> Dynamic Asset Allocation<br>| 30 days |
| Alger Capital Appreciation<sup>1</sup>, Alger Large Cap Growth | 30 days |
| Allspring Opportunity VT, Allspring VT Discovery All Cap Growth | 30 days |
| ALPS/Alerian Energy Infrastructure | 30 days |
| AFIS Capital World Growth and Income, AFIS U.S. Government Securities, AFIS <br> Washington Mutual Investors, American Funds IS<sup>®</sup> Asset Allocation, American Funds IS<sup>®</sup> <br> Capital World Bond, American Funds IS<sup>®</sup> EUPAC Fund<sup>TM</sup>, American Funds IS<sup>®</sup> Global <br> Growth, American Funds IS<sup>®</sup> Growth, American Funds IS<sup>®</sup> Growth-Income, American <br> Funds IS<sup>®</sup> International Growth and Income, American Funds IS<sup>®</sup> Mortgage, American <br> Funds IS<sup>®</sup> New World, American Funds IS<sup>®</sup> SMALLCAP World Fund<sup>®</sup><br>| 30 days |
| BlackRock Advantage Large Cap Core V.I., BlackRock Basic Value V.I., BlackRock Capital <br> Appreciation V.I., BlackRock Equity Dividend V.I., BlackRock Global Allocation V.I., <br> BlackRock High Yield V.I., BlackRock Large Cap Focus Growth V.I.<br>| 30 days |
| BNY Mellon IP Small Cap Stock Index, BNY Mellon IP Technology Growth, BNY Mellon <br> Stock Index, BNY Mellon VIF Appreciation<br>| 60 days |
| Dimensional VA Equity Allocation, Dimensional VA Global Bond Portfolio, Dimensional VA <br> Global Moderate Allocation, Dimensional VA International Small Portfolio, Dimensional VA <br> International Value Portfolio, Dimensional VA Short-Term Fixed Portfolio, Dimensional VA <br> U.S. Large Value Portfolio, Dimensional VA U.S. Targeted Value Portfolio<br>| 30 days |
| Donoghue Forlines Dividend VIT Fund, Donoghue Forlines Momentum VIT Fund | Unlimited |
| DWS Small Mid Cap Value VIP | 30 days |
| Eaton Vance VT Floating-Rate Income | 90 days |
| Federated Hermes Fund for U.S. Government Securities II | Unlimited |
| Federated Hermes High Income Bond II | Subject to the <br> Round Trip <br> Transfer restrictions <br> in the chart above<br>|
| Fidelity<sup>®</sup> VIP Balanced, Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup>, Fidelity<sup>®</sup> VIP Disciplined Small Cap, <br> Fidelity<sup>®</sup> VIP Emerging Markets, Fidelity<sup>®</sup> VIP Growth & Income, Fidelity<sup>®</sup> VIP Growth <br> Opportunities, Fidelity<sup>®</sup> VIP High Income, Fidelity<sup>®</sup> VIP Index 500, Fidelity<sup>®</sup> VIP Investment <br> Grade Bond, Fidelity<sup>®</sup> VIP Mid Cap, Fidelity<sup>®</sup> VIP Overseas, Fidelity<sup>®</sup> VIP Real Estate, <br> Fidelity<sup>®</sup> VIP Strategic Income<br>| 60 days |

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| | |
|:---|:---|
| **Subaccount** | **Transfer**<br> **Block Restriction**<br> **(# of Calendar Days)**<br>|
| Franklin DynaTech VIP Fund, Franklin Growth and Income VIP Fund, Franklin Income VIP <br> Fund, Franklin Large Cap Growth VIP Fund, Franklin Mutual Global Discovery VIP Fund, <br> Franklin Mutual Shares VIP Fund, Franklin Rising Dividends VIP Fund, Franklin Small Cap <br> Value VIP Fund, Franklin Small-Mid Cap Growth VIP Fund, Franklin Strategic Income VIP <br> Fund, Franklin U.S. Government Securities VIP Fund<br>| 30 days |
| Goldman Sachs VIT International Equity Insights, Goldman Sachs VIT Large Cap Value, <br> Goldman Sachs VIT Mid Cap Growth, Goldman Sachs VIT Mid Cap Value, Goldman <br> Sachs VIT Small Cap Equity Insights, Goldman Sachs VIT Strategic Growth<br>| 30 days |
| Guggenheim VIF Floating Rate Strategies, Guggenheim VIF Global Managed Futures <br> Strategy, Guggenheim VIF High Yield, Guggenheim VIF Multi-Hedge Strategies, <br> Guggenheim VIF Total Return Bond<br>| 30 days |
| Invesco V.I. American Franchise, Invesco V.I. American Value, Invesco V.I. Balanced-Risk <br> Allocation, Invesco V.I. Comstock, Invesco V.I. Core Equity, Invesco V.I. Discovery Mid Cap <br> Growth, Invesco V.I. Equally-Weighted S&P 500, Invesco V.I. Equity and Income, Invesco <br> V.I. EQV International Equity, Invesco V.I. Global, Invesco V.I. Global Real Estate, Invesco <br> V.I. Global Strategic Income, Invesco V.I. Government Securities, Invesco V.I. Growth and <br> Income, Invesco V.I. Health Care, Invesco V.I. High Yield, Invesco V.I. International Growth, <br> Invesco V.I. Main Street Mid Cap Fund<sup>®</sup>, Invesco V.I. Main Street Small Cap Fund<sup>®</sup>, <br> Invesco V.I. S&P Buffer Fund – December, Invesco V.I. S&P Buffer Fund – June, Invesco <br> V.I. S&P Buffer Fund – March, Invesco V.I. S&P Buffer Fund – September, Invesco V.I. <br> Small Cap Equity<br>| 30 days |
| Janus Henderson VIT Enterprise, Janus Henderson VIT Forty, Janus Henderson VIT Mid <br> Cap Value, Janus Henderson VIT Overseas, Janus Henderson VIT Research<br>| 30 days |
| Lord Abbett Series Bond-Debenture VC, Lord Abbett Series Developing Growth VC<sup>2</sup>, Lord <br> Abbett Series Dividend Growth VC, Lord Abbett Series Fundamental Equity VC, Lord <br> Abbett Series Growth and Income VC, Lord Abbett Series Growth Opportunities VC, Lord <br> Abbett Series Mid Cap Stock VC, Lord Abbett Series Total Return VC<br>| 30 days |
| LVIP American Century Inflation Protection, LVIP American Century International, LVIP <br> American Century Mid Cap Value, LVIP American Century Value, LVIP Avantis Large Cap <br> Value, LVIP JPMorgan Core Bond, LVIP JPMorgan Small Cap Core, LVIP JPMorgan U.S. <br> Equity<br>| 30 days |
| MFS<sup>®</sup> VIT Emerging Markets Equity, MFS<sup>®</sup> VIT Global Tactical Allocation, MFS<sup>®</sup> VIT High <br> Yield, MFS<sup>®</sup> VIT II MA Investors Growth Stock, MFS<sup>®</sup> VIT II Research International, MFS<sup>®</sup> <br> VIT International Intrinsic Equity, MFS<sup>®</sup> VIT Investors Trust, MFS<sup>®</sup> VIT New Discovery, <br> MFS<sup>®</sup> VIT Research, MFS<sup>®</sup> VIT Total Return, MFS<sup>®</sup> VIT Total Return Bond, MFS<sup>®</sup> VIT <br> Utilities<br>| 30 days |
| Morgan Stanley VIF Emerging Markets Debt, Morgan Stanley VIF Emerging Markets <br> Equity<br>| 30 days |
| Morningstar Aggressive Growth ETF Asset Allocation Portfolio, Morningstar Balanced ETF <br> Asset Allocation Portfolio, Morningstar Conservative ETF Asset Allocation Portfolio, <br> Morningstar Growth ETF Asset Allocation Portfolio, Morningstar Income and Growth ETF <br> Asset Allocation Portfolio<br>| 30 days |
| NAA All Cap Value Series, NAA Large Cap Value Series, NAA Large Core Series, NAA <br> Large Growth Series, NAA Mid Growth Series, NAA Small Cap Value Series, NAA Small <br> Growth Series, NAA SMid-Cap Value Series, NAA World Equity Income Series<br>| 30 days |
| Neuberger Berman Quality Equity Portfolio | 30 days |
| Nomura VIP Asset Strategy, Nomura VIP Balanced, Nomura VIP Core Equity, Nomura VIP <br> Energy, Nomura VIP Global Growth, Nomura VIP Growth, Nomura VIP High Income, <br> Nomura VIP International Core Equity, Nomura VIP Limited-Term Bond, Nomura VIP Mid <br> Cap Growth, Nomura VIP Natural Resources, Nomura VIP Science and Technology, <br> Nomura VIP Small Cap Growth, Nomura VIP Smid Cap Core, Nomura VIP Value<br>| 60 days |

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| | |
|:---|:---|
| **Subaccount** | **Transfer**<br> **Block Restriction**<br> **(# of Calendar Days)**<br>|
| PIMCO VIT All Asset, PIMCO VIT CommodityRealReturn Strategy, PIMCO VIT Emerging <br> Markets Bond, PIMCO VIT Global Bond Opportunities (Unhedged), PIMCO VIT Global <br> Managed Asset Allocation, PIMCO VIT High Yield, PIMCO VIT Low Duration, PIMCO VIT <br> Real Return, PIMCO VIT Short-Term, PIMCO VIT Total Return<br>| 30 days |
| Putnam VT Core Equity, Putnam VT Diversified Income, Putnam VT Global Asset <br> Allocation, Putnam VT High Yield, Putnam VT Income, Putnam VT Large Cap Growth, <br> Putnam VT Large Cap Value, Putnam VT Small Cap Growth<br>| 30 days |
| Rydex VIF Banking, Rydex VIF Basic Materials, Rydex VIF Biotechnology, Rydex VIF <br> Commodities Strategy, Rydex VIF Consumer Products, Rydex VIF Dow 2x Strategy, Rydex <br> VIF Electronics, Rydex VIF Energy, Rydex VIF Energy Services, Rydex VIF Europe 1.25x <br> Strategy, Rydex VIF Financial Services, Rydex VIF Government Long Bond 1.2x Strategy, <br> Rydex VIF Health Care, Rydex VIF High Yield Strategy, Rydex VIF Internet, Rydex VIF <br> Inverse Dow 2x Strategy, Rydex VIF Inverse Government Long Bond Strategy, Rydex VIF <br> Inverse Mid-Cap Strategy, Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy, Rydex VIF Inverse <br> Russell 2000<sup>®</sup> Strategy, Rydex VIF Inverse S&P 500 Strategy, Rydex VIF Japan 2x <br> Strategy, Rydex VIF Leisure, Rydex VIF Mid-Cap 1.5x Strategy, Rydex VIF NASDAQ-100<sup>®</sup>, <br> Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy, Rydex VIF Nova, Rydex VIF Precious Metals, <br> Rydex VIF Real Estate, Rydex VIF Retailing, Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy, <br> Rydex VIF Russell 2000<sup>®</sup> 2x Strategy, Rydex VIF S&P 500 2x Strategy, Rydex VIF S&P <br> 500 Pure Growth, Rydex VIF S&P 500 Pure Value, Rydex VIF S&P MidCap 400 Pure <br> Growth, Rydex VIF S&P MidCap 400 Pure Value, Rydex VIF S&P SmallCap 600 Pure <br> Growth, Rydex VIF S&P SmallCap 600 Pure Value, Rydex VIF Strengthening Dollar 2x <br> Strategy, Rydex VIF Technology, Rydex VIF Telecommunications, Rydex VIF <br> Transportation, Rydex VIF U.S. Government Money Market, Rydex VIF Utilities, Rydex VIF <br> Weakening Dollar 2x Strategy<br>| Unlimited |
| T. Rowe Price Blue Chip Growth, T. Rowe Price Equity Income, T. Rowe Price Health <br> Sciences, T. Rowe Price Limited-Term Bond<br>| 30 days |
| Templeton Emerging Markets VIP Fund, Templeton Foreign VIP Fund, Templeton Global <br> Bond VIP Fund, Templeton Growth VIP Fund<br>| 30 days |
| Third Avenue Value | 90 days |
| TOPS<sup>®</sup> Aggressive ETF, TOPS<sup>®</sup> Balanced ETF, TOPS<sup>®</sup> Conservative ETF, TOPS<sup>®</sup> <br> Managed Risk Balanced ETF, TOPS<sup>®</sup> Managed Risk Moderate ETF, TOPS<sup>®</sup> Managed Risk <br> Moderately Aggressive ETF, TOPS<sup>®</sup> Moderate ETF, TOPS<sup>®</sup> Moderately Aggressive ETF<br>| 30 days |
| VanEck VIP Global Gold, VanEck VIP Global Resources | 30 days |
| Vanguard<sup>®</sup> VIF Balanced, Vanguard<sup>®</sup> VIF Conservative Allocation, Vanguard<sup>®</sup> VIF <br> Diversified Value, Vanguard<sup>®</sup> VIF Equity Income, Vanguard<sup>®</sup> VIF Equity Index, Vanguard<sup>®</sup> <br> VIF Global Bond Index, Vanguard<sup>®</sup> VIF Growth, Vanguard<sup>®</sup> VIF High Yield Bond, <br> Vanguard<sup>®</sup> VIF International, Vanguard<sup>®</sup> VIF Mid-Cap Index, Vanguard<sup>®</sup> VIF Moderate <br> Allocation, Vanguard<sup>®</sup> VIF PRIMECAP, Vanguard<sup>®</sup> VIF Real Estate Index, Vanguard<sup>®</sup> VIF <br> Short Term Investment Grade, Vanguard<sup>®</sup> VIF Small Company Growth<sup>3</sup>, Vanguard<sup>®</sup> VIF <br> Total Bond Market Index, Vanguard<sup>®</sup> VIF Total International Stock Market Index, Vanguard<sup>®</sup> <br> VIF Total Stock Market Index<br>| 30 days |
| Victory Pioneer Bond VCT, Victory Pioneer Equity Income VCT, Victory Pioneer High Yield <br> VCT, Victory Pioneer Strategic Income VCT<br>| 30 days |
| Virtus Duff & Phelps Real Estate Securities Series, Virtus KAR Small-Cap Growth Series, <br> Virtus Newfleet Multi-Sector Intermediate Bond Series, Virtus SGA International Growth <br> Series, Virtus Tactical Allocation Series<br>| 30 days |
| Voya MidCap Opportunities Portfolio | 30 days |
| VY CBRE Global Real Estate Portfolio, VY Columbia Real Estate Portfolio | 30 days |

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| | |
|:---|:---|
| **Subaccount** | **Transfer**<br> **Block Restriction**<br> **(# of Calendar Days)**<br>|
| Western Asset Variable Global High Yield Bond | 30 days |
| 1<br> You may transfer Contract Value to the Alger Capital Appreciation Subaccount only if you had Contract Value allocated to that Subaccount on <br> April 30, 2021.<br>2<br> You may transfer Contract Value to the Lord Abbett Series Developing Growth VC Subaccount only if you had Contract Value allocated to <br> that Subaccount on May 5, 2021.<br>3<br> You may transfer Contract Value to the Vanguard<sup>®</sup> VIF Small Company Growth Subaccount only if you had Contract Value allocated to that <br> Subaccount on May 1, 2019. | 1<br> You may transfer Contract Value to the Alger Capital Appreciation Subaccount only if you had Contract Value allocated to that Subaccount on <br> April 30, 2021.<br>2<br> You may transfer Contract Value to the Lord Abbett Series Developing Growth VC Subaccount only if you had Contract Value allocated to <br> that Subaccount on May 5, 2021.<br>3<br> You may transfer Contract Value to the Vanguard<sup>®</sup> VIF Small Company Growth Subaccount only if you had Contract Value allocated to that <br> Subaccount on May 1, 2019. |

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In addition to the Company's own frequent transfer procedures, the Underlying Funds may have adopted their own policies and procedures with respect to frequent transfer of their respective shares, and the Company reserves the right to enforce these policies and procedures. The prospectuses for the Underlying Funds describe any such policies and procedures, which may be more or less restrictive than the policies and procedures the Company has adopted. In particular, some of the Underlying Funds have reserved the right to temporarily or permanently refuse payments or transfer requests from the Company if, in the judgment of the Underlying Fund's manager, the Underlying Fund would be unable to invest effectively in accordance with its investment objective or policies, or would otherwise potentially be adversely affected.

You should be aware that the Company currently may not have the contractual obligation or the operational capacity to apply the Underlying Funds' frequent transfer policies and procedures. However, under SEC rules, the Company is required to: (1) enter into a written agreement with each Underlying Fund or its principal underwriter that obligates the Company to provide to the Underlying Fund promptly upon request certain information about the trading activity of individual Owners, and (2) execute instructions from the Underlying Fund to restrict or prohibit further purchases or transfers by specific Owners who violate the frequent transfer policies established by the Underlying Fund.

Managers of the Underlying Funds may contact the Company if they believe or suspect that there is market timing or other potentially harmful trading, and, if so, the Company will take appropriate action to protect others. In particular, the Company may, and the Company reserves the right to, reverse a potentially harmful transfer. If the Company reverses a potentially harmful transfer, it will effect such reversal not later than the close of business on the second Valuation Date following the Valuation Date in which the original transfer was effected, and the Company will inform the Owner in writing at his or her address of record.

To the extent permitted by applicable law, the Company also reserves the right to reject a transfer request at any time that the Company is unable to purchase or redeem shares of any of the Underlying Funds because of any refusal or restriction on purchases or redemptions of their shares as a result of the Underlying Fund's policies and procedures on market timing activities or other potentially abusive transfers. The Company also reserves the right to implement, administer, and collect redemption fees imposed by one or more of the Underlying Funds in the future. You should read the prospectuses of the Underlying Funds for more details on their ability to refuse or restrict purchases or redemptions of their shares.

In its sole discretion, the Company may revise its market timing procedures at any time without prior notice as the Company deems necessary or appropriate to better detect and deter programmed, frequent, or large transfers that may adversely affect other Owners, or Underlying Fund shareholders, to comply with state or federal regulatory requirements, or to impose additional or alternate restrictions on market timers (such as dollar or percentage limits on transfers). The Company may change its parameters to monitor for factors other than transfer block restrictions. For purposes of applying the parameters used to detect potential market timing and other potentially harmful activity, the Company may aggregate transfers made in two or more Contracts that it believes are connected (for example, two Contracts with the same Owner, or owned by spouses, or owned by different partnerships or corporations that are under common control, etc.).

The Company does not include transfers made pursuant to Dollar Cost Averaging and Asset Reallocation Options in these limitations. The Company may vary its market timing procedures from Subaccount to Subaccount, and may be more restrictive with regard to certain Subaccounts than others. The Company may not always apply these detection methods to Subaccounts investing in Underlying Funds that, in its judgment, would not be particularly attractive to market timers or otherwise susceptible to harm by frequent transfers.

Owners seeking to engage in programmed, frequent, or large transfer activity may deploy a variety of strategies to avoid detection. The Company's ability to detect and deter such transfer activity is limited by operational systems and technological limitations. Furthermore, the identification of Owners determined to be engaged in transfer activity that may adversely affect other Owners, or Underlying Fund shareholders involves judgments that are inherently

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subjective. Accordingly, despite its best efforts, the Company cannot guarantee that its market timing procedures will detect every potential market timer, but the Company applies its market timing procedures consistently to all Owners without special arrangement, waiver, or exception, aside from allocations to the Donoghue, Rydex and certain Federated Subaccounts (see chart above), which do not limit or restrict transfers. Because other insurance companies and/or retirement plans may invest in the Underlying Funds, the Company cannot guarantee that the Underlying Funds will not suffer harm from programmed, frequent, or large transfers among subaccounts of variable contracts issued by other insurance companies or among investment options available to retirement plan participants.

The Company does not limit or restrict transfers to or from the Donoghue, Rydex and certain Federated Subaccounts (see chart above). As stated above, market timing and frequent transfer activities may disrupt portfolio management of the Underlying Funds, hurt Underlying Fund performance, and drive Underlying Fund expenses higher, which are reflected in Underlying Fund performance.

Because the Company does not reserve the unfettered right to prohibit transfers, it cannot guarantee that it can restrict or deter all harmful transfer activity, Owners bear the risks associated with such activity, including potential disruption of portfolio management of the Underlying Funds and potentially lower Underlying Fund performance and higher Underlying Fund expenses. In addition, there is a risk that the Company will not detect harmful transfer activity on the part of some Owners and, as a result, the Company will inadvertently treat those Owners differently than Owners it does not permit to engage in harmful transfer activity. Moreover, due to the Company's operational and technological limitations, as well as possible variations in the market timing policies of other insurance companies and/or retirement plans that may also invest in the Underlying Funds, some Owners may be treated differently than others. Consequently, there is a risk that some Owners may be able to engage in market timing while others suffer the adverse effects of such trading activities.

**Contract Value —** The Contract Value is the sum of the amounts under your Contract held in each Subaccount as of any Valuation Date.

On each Valuation Date, the amount of Contract Value allocated to any particular Subaccount will be adjusted to reflect the investment experience of that Subaccount. See "Determination of Contract Value." Contract Value allocated to the Subaccounts is not guaranteed by the Company. You bear the entire investment risk relating to the investment performance of Contract Value allocated to the Subaccounts.

**Determination of Contract Value —** Your Contract Value will vary depending upon several factors, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Investment performance of the Subaccounts to which you have allocated Contract Value,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Payment of Purchase Payments,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Full and partial withdrawals (including systematic withdrawals and withdrawals made to pay the fees of your investment adviser), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Charges assessed in connection with the Contract, including charges for any optional riders selected.

The amounts allocated to a Subaccount will be invested in shares of the corresponding Underlying Fund. The investment performance of each Subaccount will reflect increases or decreases in the net asset value per share of the corresponding Underlying Fund and any dividends or distributions declared by the Underlying Fund. Any dividends or distributions from any Underlying Fund will be automatically reinvested in shares of the same Underlying Fund, unless the Company, on behalf of the Separate Account, elects otherwise.

Assets in the Subaccounts are divided into Accumulation Units, which are accounting units of measure used to calculate the value of an Owner's interest in a Subaccount. When you allocate Purchase Payments to a Subaccount, your Contract is credited with Accumulation Units. The number of Accumulation Units to be credited is determined by dividing the dollar amount, including any Credit Enhancements, allocated to the particular Subaccount by the price for the Subaccount's Accumulation Units as of the end of the Valuation Period in which the Purchase Payment is credited.

In addition, other transactions such as full or partial withdrawals (including systematic withdrawals and withdrawals made to pay the fees of your investment adviser), transfers, and assessment of certain charges against the Contract affect the number of Accumulation Units attributable to a Contract. The number of units credited or debited in connection with any such transaction is determined by dividing the dollar amount of such transaction by the price of the Accumulation Unit of the affected Subaccount next determined after receipt of the transaction request (subject to any application requirements that the transaction be in good order, as described herein). The

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price of each Subaccount is determined on each Valuation Date as of the close of regular trading on the New York Stock Exchange, normally 3:00 p.m. Central time. Transactions (other than transfer requests, as described herein) received at or after that time on any Valuation Date will be effected at the Accumulation Unit value determined on the following Valuation Date. See "Purchase Payments" and "Full and Partial Withdrawals."

Requests to transfer Contract Value received at or after the applicable cut-off time will be effected at the Accumulation Unit value determined on the following Valuation Date. Normally, the cut-off time for transfer requests is 2:00 p.m. Central time. If regular trading on the New York Stock Exchange closes prior to 3:00 p.m. Central time, the cut-off time for transfer requests will be one hour prior to closing. See "Cut-Off Times." The price of each Subaccount may be determined earlier if trading on the New York Stock Exchange is restricted or as permitted by the SEC.

The number of Accumulation Units credited to a Contract shall not be changed by any subsequent change in the value of an Accumulation Unit, but the dollar value of an Accumulation Unit may vary from Valuation Date to Valuation Date depending upon the investment experience of the Subaccount and charges against the Subaccount.

The price of each Subaccount's units initially was $10. The price of a Subaccount on any Valuation Date takes into account the following: (1) the investment performance of the Subaccount, which is based upon the investment performance of the corresponding Underlying Fund, (2) any dividends or distributions paid by the corresponding Underlying Fund, (3) the charges, if any, that may be assessed by the Company for taxes attributable to the operation of the Subaccount, (4) the minimum mortality and expense risk charge under the Contract of 0% annually, and (5) the administration charge for that Subaccount, and (6) the deduction of the Underlying Fund's fees and expenses.

The minimum mortality and expense risk charge of 0% and the administration charge of 0.25% are factored into the Accumulation Unit value or "price" of each Subaccount on each Valuation Date. Each Subaccount declares a monthly subaccount adjustment and the Company deducts the Excess Charge from this monthly subaccount adjustment upon its reinvestment in the Subaccount. The Excess Charge is a percentage of your Contract Value allocated to the Subaccount as of the reinvestment date. The monthly subaccount adjustment is paid only for the purpose of collecting the Excess Charge. Assuming that you owe a charge above the minimum mortality and expense risk charge and the administration charge, your Contract Value will be reduced in the amount of your Excess Charge upon reinvestment of the Subaccount's monthly subaccount adjustment. The Company deducts the Excess Charge only upon reinvestment of the monthly subaccount adjustment and does not assess an Excess Charge upon a full or partial withdrawal from the Contract. The Company reserves the right to compute and deduct the Excess Charge from each Subaccount on each Valuation Date. See the Statement of Additional Information for a more detailed discussion of how the Excess Charge is deducted.

**Cut-Off Times —** We refer to the times by which financial transactions must be received to be processed on the current Valuation Date as "cut-off times." Any written, electronic, or telephonic transactions involving your Contract, other than requests to transfer Contract Value among the Subaccounts, must be received by us prior to any announced closing of regular trading on the New York Stock Exchange to be processed on the current Valuation Date. The New York Stock Exchange normally closes at 3:00 p.m. Central time, so financial transactions (other than transfers) normally must be received prior to 3:00 p.m. Central time. Financial transactions (other than transfers) received at or after the cut-off time will be processed on the following Valuation Date. Financial transactions include full and partial withdrawals (including systematic withdrawals and withdrawals to pay investment advisory fees), death benefit payments, and Purchase Payments.

Any request to transfer Contract Value among the Subaccounts, including those submitted by telephone, must be received by us no later than one hour prior to any announced closing of regular trading on the New York Stock Exchange to be processed on the current Valuation Date. This means transfer requests must normally be received by 2:00 p.m. Central time. Transfer requests received at or after the cut-off time will be processed on the following Valuation Date. The Company may extend the cut-off time to 15 minutes prior to any announced closing (generally 2:45 p.m. Central time) for transfers submitted electronically through the Company's Internet web site. Internet functionality is available only to Owners who have authorized their financial representatives to make financial transactions on their behalf.

**Full and Partial Withdrawals —** An Owner may make a partial withdrawal of Contract Value or surrender the Contract for its Withdrawal Value. A full or partial withdrawal, including systematic withdrawals and withdrawals to pay investment advisory fees, may be taken from Contract Value at any time while the Owner is living and before the Annuity Start Date, subject to limitations under applicable law. Withdrawals (other than systematic withdrawals or withdrawals to pay investment advisory fees) after the Annuity Start Date are permitted only under Annuity Options 5, 6 and 7 (and only if the Owner has elected variable annuity payments under Annuity Option 7). See "Annuity

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Period" for a discussion of withdrawals after the Annuity Start Date. A full or partial withdrawal request will be effective as of the end of the Valuation Period that it is received by the Company at its Administrative Office; however, if the request is received on a Valuation Date at or after the cut-off time (normally 3:00 p.m. Central time), the withdrawal will be effected at the Accumulation Unit value determined on the following Valuation Date. See "Cut-Off Times." In addition, a withdrawal will not be processed until it is in good order. In this regard, "good order" means that the withdrawal request is accompanied by a properly completed Withdrawal Request form (including the Owner's signature and, if applicable, the written consent of any effective assignee or irrevocable beneficiary).

The proceeds received upon a full withdrawal will be the Contract's Withdrawal Value. The Withdrawal Value is equal to the Contract Value as of the end of the Valuation Period during which the withdrawal is processed, less any uncollected premium taxes to reimburse the Company for any tax on premiums on a Contract that may be imposed by various states and municipalities. See "Premium Tax Charge." The Withdrawal Value during the Annuity Period for variable annuity payments (or a combination of variable and fixed annuity payments) under Annuity Option 7 is the present value of future annuity payments commuted at the assumed interest rate, less any uncollected premium taxes.

The Company requires the signature of all Owners on any request for withdrawal. The Company also requires a guarantee of all such signatures to effect the transfer or exchange of all of the Contract, or any part of the Contract in excess of $25,000, for another investment. The signature guarantee must be provided by an eligible guarantor, such as a bank, broker, credit union, national securities exchange or savings association. Notarization is not an acceptable form of signature guarantee. The Company further requires that any request to transfer or exchange all or part of the Contract for another investment be made upon a transfer form provided by the Company which is available upon request.

A partial withdrawal may be requested for a specified percentage or dollar amount of Contract Value. Each partial withdrawal must be at least $500 except systematic withdrawals discussed below and withdrawals to pay investment advisory fees. A request for a partial withdrawal (including systematic withdrawals and withdrawals to pay investment advisory fees) will result in a payment by the Company of the amount specified in the partial withdrawal request less any applicable premium tax charge. Alternatively, you may request that any premium tax charge be deducted from your remaining Contract Value, provided there is sufficient Contract Value available. Upon payment, your Contract Value will be reduced by an amount equal to the payment, or if you requested that any charges be deducted from your remaining Contract Value, your Contract Value also will be reduced by the amount of any such premium tax charge . See "Premium Tax Charge."

If a partial withdrawal (other than a systematic withdrawal or a withdrawal to pay investment advisory fees) is requested after the first Contract Year that would leave the Withdrawal Value in the Contract less than $2,000 and no Purchase Payments have been paid for three years, the Company reserves the right to terminate the Contract and pay the Contract Value in one sum to the Owner. However, the Company will first notify the Owner that the Contract is subject to termination, and will only terminate the Contract if, after 90 days following the date of the notice, the Owner has not made any Purchase Payments to increase the Withdrawal Value to $2,000.

The Company will deduct the amount of a partial withdrawal from the Contract Value in the Subaccounts, according to the Owner's instructions to the Company. If you do not specify the allocation, the Company will deduct the withdrawal in the same proportion that Contract Value is allocated among the Subaccounts.

A full or partial withdrawal, including a systematic withdrawal or a withdrawal to pay investment advisory fees, may result in receipt of taxable income to the Owner and, if made prior to the Owner attaining age 59½, may be subject to a 10% penalty tax. The tax consequences of a withdrawal under the Contract should be carefully considered. See "Federal Tax Matters."

**Withdrawals to Pay Advisory Fees —** The deduction of advisory fees from your Contract Value is treated as a withdrawal under the Contract. The deduction of advisory fees will not count toward the annual free withdrawal amount. Deductions from your Contract Value to pay advisory fees will reduce the death benefit, perhaps significantly.

Withdrawals to pay advisory fees may still be treated as withdrawals for tax purposes by the Company and/or the IRS. For Non-Qualified Contracts, all or a portion of the charges deducted from your Contract Value to pay advisory fees to a financial intermediary may be subject to federal and state income taxes and a 10% federal penalty tax. In a series of recent private letter rulings, the IRS has recognized that investment adviser fees may, in certain circumstances and subject to certain conditions, be deemed a part of a Non-Qualified Contract rather than a taxable distribution. We have received such a private letter ruling from the IRS and intend to tax report in accordance with that ruling.

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A tax-free partial exchange may become taxable if an advisory fee is paid from your Contract Value within 180 days of the partial exchange. Consult your tax adviser for advice concerning tax-free partial exchanges and the impact of deducting advisory fees from your Contract Value.

**Systematic Withdrawals —** For no additional charge, the Company currently offers a feature under which you may select systematic withdrawals. Under this feature, an Owner may elect to receive systematic withdrawals while the Owner is living and before the Annuity Start Date by sending a properly completed Scheduled Systematic Withdrawal form to the Company at its Administrative Office. This option may be elected at any time. An Owner may designate the systematic withdrawal amount as a percentage of Contract Value allocated to the Subaccounts, as a fixed period, as level payments, as a specified dollar amount, as all earnings in the Contract, or based upon the life expectancy of the Owner or the Owner and a beneficiary. An Owner also may designate the desired frequency of the systematic withdrawals, which may be monthly, quarterly, semiannual or annual. The Owner may stop or modify systematic withdrawals upon proper written request received by the Company at its Administrative Office at least 30 days in advance of the requested date of termination or modification. A proper request must include the written consent of any effective assignee or irrevocable beneficiary, if applicable.

Each systematic withdrawal must be at least $100. Upon payment, your Contract Value will be reduced by an amount equal to the payment proceeds plus premium tax. Contract Value will also be reduced by a percentage of any Credit Enhancements that have not yet vested. See "Extra Credit."

If an Owner is enrolled in the Dollar Cost Averaging or Asset Reallocation Options, the Owner may not elect to receive systematic withdrawals from any Subaccount that is part of the Dollar Cost Averaging or Asset Reallocation Options.

In no event will the amount of a systematic withdrawal exceed the Contract Value less any uncollected premium taxes (the "Withdrawal Value"). **The Contract will automatically terminate if a systematic withdrawal causes the Contract's Withdrawal Value to equal zero.**

The Company will effect each systematic withdrawal as of the end of the Valuation Period during which the withdrawal is scheduled. The deduction caused by the systematic withdrawal will be allocated to your Contract Value in the Subaccounts, as you have directed. If you do not specify the allocation, the Company will deduct the systematic withdrawal in the same proportion that Contract Value is allocated among the Subaccounts.

The Company may, at any time, discontinue, modify, suspend or charge a fee for systematic withdrawals. You should consider carefully the tax consequences of a systematic withdrawal, including the 10% penalty tax which may be imposed on withdrawals made prior to the Owner attaining age 59½. See "Federal Tax Matters."

**Free-Look Right —** You may return a Contract within the Free-Look Period, which is generally a ten-day period beginning when you receive the Contract (60 days from the date of receipt if you are purchasing the Contact to replace another life insurance or annuity contract or with the proceeds of another such contract). Purchase Payments received during the Free-Look period will be allocated according to your instructions contained in the application or more recent instructions, if any. If you return your Contract during the Free-Look Period, the Company will then deem void the returned Contract and will refund to you Contract Value based upon the value of Accumulation Units next determined after we receive your Contract, plus any charges deducted from such Contract Value.

**Death Benefit —** You should consider the following provisions carefully when choosing the Designated Beneficiary, Annuitant, any Joint Annuitant, and any Joint Owner, as well as before changing any of these parties. Naming different persons as Owner(s), Annuitant(s) and Designated Beneficiary(ies) can have important impacts on whether the death benefit is paid, and on who would receive it.

If an Owner dies prior to the Annuity Start Date while this Contract is in force, the Company will calculate the death benefit proceeds payable to the Designated Beneficiary as of the Valuation Date the Company receives due proof of the Owner's death and instructions regarding payment to the Designated Beneficiary. If there are Joint Owners, the death benefit proceeds will be calculated upon receipt of due proof of death of either Owner, and instructions regarding payment.

If the surviving spouse of the deceased Owner is the sole Designated Beneficiary, such spouse may elect to continue the Contract in force, subject to certain limitations. See "Distribution Requirements." If any Owner is not a natural person, the death benefit proceeds will be payable as of the date the Company receives due proof of death of the Annuitant prior to the Annuity Start Date and instructions regarding payment. If the death of an Owner occurs on or after the Annuity Start Date, any applicable death benefit will terminate at the Annuity Start Date without value. See "Annuity Options."

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The death benefit proceeds will be the death benefit reduced by any uncollected premium tax. If an Owner dies (or the Annuitant dies, if any Owner is not a natural person) prior to the Annuity Start Date while this Contract is in force, the amount of the death benefit will be the Contract Value on the Valuation Date due proof of death and instructions regarding payment are received by the Company.

If you purchased the Return of Premium Death Benefit rider, your death benefit will be determined in accordance with the terms of the rider. **Please note that, under the rider, if we do not receive due proof of death and instructions regarding payment for each Designated Beneficiary at our Administrative Office within six months of the date of the Owner's death, the death benefit will be the Contract Value on the Valuation Date we receive due proof of death and instructions regarding payment, less any uncollected premium tax. See the discussion of the Return of Premium Death Benefit.** Your death benefit proceeds under the rider will be the death benefit reduced by any uncollected premium tax.

The death benefit proceeds will be paid to the Designated Beneficiary in a single sum or under one of the Annuity Options, as elected by the Designated Beneficiary. However, if the Owner has completed a restricted beneficiary designation form, the death benefit proceeds will be paid to the Designated Beneficiary in the manner specified on the form. If the Designated Beneficiary is to receive annuity payments under an Annuity Option, there may be limits under applicable law on the amount and duration of payments that the Beneficiary may receive, and requirements respecting timing of payments. Under a Qualified Contract, most non-spouse Designated Beneficiaries will be required to receive all proceeds within ten years. A tax adviser should be consulted in considering Annuity Options. See "Federal Tax Matters" and "Distribution Requirements" for a discussion of the tax consequences in the event of death.

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of 3 to 5 years from the Contract's Annuity Start Date or date the death benefit is due and payable. For example, if the payment of a death benefit has been triggered, but the Designated Beneficiary does not come forward to claim the death benefit in a timely manner, the death benefit will be paid to the abandoned property division or unclaimed property office of the state in which the Designated Beneficiary or the Owner last resided, as shown on our books and records, or to our state of domicile. This "escheatment" is revocable, however, and the state is obligated to pay the death benefit (without interest) if your Designated Beneficiary steps forward to claim the death benefit with the proper documentation. To prevent such escheatment, it is important that you update your Designated Beneficiary designations, including addresses, if and as they change. Such updates should be communicated in writing, or other approved means to our Administrative Office.

**<u>Example of the Impact of Advisory Fee Withdrawals on Contract Value and the Standard Death Benefit over Time.</u>** Assume:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The initial Purchase Payment is $100,000 and no additional Purchase Payments are added to the Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Contract Value grows at an annual rate of 3%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) An advisory fee withdrawal of $1,000 is taken each Contract Year at the end of the Contract Year.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Beginning of** <br> **Contract Year**<br>| **Contract Value** <br> **Prior to Advisory** <br> **Fee Withdrawal**<br>| **Advisory Fee** <br> **Withdrawal**<br>| **Contract Value** <br> **After Advisory Fee** <br> **Withdrawal**<br>| **Death Benefit** <br> **After Advisory Fee** <br> **Withdrawal**<br>|
| 1 | $100000.00 | $1000.00 | $102000.00 | $102000.00 |
| 2 | $102000.00 | $1000.00 | $104060.00 | $104060.00 |
| 3 | $104060.00 | $1000.00 | $106181.80 | $106181.80 |
| 4 | $106181.80 | $1000.00 | $108367.25 | $108367.25 |
| 5 | $108367.25 | $1000.00 | $110618.27 | $110618.27 |
| 6 | $110618.27 | $1000.00 | $112936.82 | $112936.82 |
| 7 | $112936.82 | $1000.00 | $115324.92 | $115324.92 |
| 8 | $115324.92 | $1000.00 | $117784.67 | $117784.67 |
| 9 | $117784.67 | $1000.00 | $120318.21 | $120318.21 |
| 10 | $120318.21 | $1000.00 | $122927.76 | $122927.76 |
| 11 | $122927.76 | $1000.00 | $125615.59 | $125615.59 |
| 12 | $125615.59 | $1000.00 | $128384.06 | $128384.06 |
| 13 | $128384.06 | $1000.00 | $131235.58 | $131235.58 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Beginning of** <br> **Contract Year**<br>| **Contract Value** <br> **Prior to Advisory** <br> **Fee Withdrawal**<br>| **Advisory Fee** <br> **Withdrawal**<br>| **Contract Value** <br> **After Advisory Fee** <br> **Withdrawal**<br>| **Death Benefit** <br> **After Advisory Fee** <br> **Withdrawal**<br>|
| 14 | $131235.58 | $1000.00 | $134172.65 | $134172.65 |
| 15 | $134172.65 | $1000.00 | $137197.83 | $137197.83 |
| 16 | $137197.83 | $1000.00 | $140313.76 | $140313.76 |
| 17 | $140313.76 | $1000.00 | $143523.18 | $143523.18 |
| 18 | $143523.18 | $1000.00 | $146828.87 | $146828.87 |
| 19 | $146828.87 | $1000.00 | $150233.74 | $150233.74 |
| 20 | $150233.74 | $1000.00 | $153740.75 | $153740.75 |
| 21 | $153740.75 | $1000.00 | $157352.97 | $157352.97 |

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As the table above demonstrates, withdrawals to pay advisory fees taken over time will decrease the Contract Value. If the death benefit is equal to the Contract Value, such death benefit will also decrease as a result of withdrawals to pay advisory fees.

**Distribution Requirements —** The Contract provides that upon your death, a surviving spouse may have certain continuation rights that he or she may elect to exercise for the Contract's death benefit. All Contract provisions relating to spousal continuation are available only to a person who meets the definition of "spouse" under federal law. The U.S. Supreme Court has held that same-sex marriages must be permitted under state law and that marriages recognized under state law will be recognized for federal law purposes. Domestic partnerships and civil unions that are not recognized as legal marriages under state law, however, will not be treated as marriages under federal law. Consult a tax adviser for more information on this subject.

For Contracts issued in connection with a Non-Qualified Contract, if the surviving spouse of the deceased Owner is the sole Designated Beneficiary, such spouse may elect to continue this Contract in force until the earliest of the spouse's death or the Annuity Start Date or receive the death benefit proceeds. If the surviving spouse elects to continue the Contract, no death benefit will be paid and the Contract Value will not be adjusted to reflect the amount of any death benefit; provided, however, the Designated Beneficiary will be entitled to receive the death benefit proceeds in accordance with the terms of the Contract upon the death of the surviving spouse.

For any Designated Beneficiary of a Non-Qualified Contract other than a surviving spouse, only those options may be chosen that provide for complete distribution of such Owner's interest in the Contract within five years of the death of the Owner. If the Designated Beneficiary is a natural person, that person alternatively can elect to begin receiving annuity payments within one year of the Owner's death over a period not extending beyond his or her life or life expectancy. If the Owner of the Contract is not a natural person, these distribution rules are applicable upon the death of or a change in the primary Annuitant.

For Contracts issued in connection with a Qualified Plan, the terms of the particular Qualified Plan and the Internal Revenue Code should be reviewed with respect to distributions following the death of the Owner or Annuitant. Because the rules applicable to Qualified Plans are extremely complex, a competent tax adviser should be consulted.

Please note that any death benefit we may pay in excess of the Contract Value is subject to our financial strength and claims-paying ability.

**Death of the Annuitant —** If the Annuitant dies prior to the Annuity Start Date, and the Owner is a natural person and is not the Annuitant, no death benefit proceeds will be payable under the Contract. The Owner may name a new Annuitant within 30 days of the Annuitant's death. If a new Annuitant is not named, the Company will designate the Owner as Annuitant. On the death of the Annuitant after the Annuity Start Date, any guaranteed payments remaining unpaid will continue to be paid to the Designated Beneficiary pursuant to the Annuity Option in force at the date of death.

**Benefits Under the Contract**

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**The following table summarizes information about the optional and standard benefits under the Contract that are currently available. Please note that this table does not fully describe the terms and conditions of each benefit. You should refer to the applicable sections of this Prospectus for additional information.**

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| | | | |
|:---|:---|:---|:---|
| **Standard Benefits** | **Standard Benefits** | **Standard Benefits** | **Standard Benefits** |
| **Name of** <br> **Benefit**<br>| **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Standard <br> Death Benefit<br>| Provides a death benefit equal to <br> the Contract Value.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>The death benefit will be reduced by any uncollected premium tax. |
| Dollar Cost <br> Averaging <br> Option<br>| Allows the systematic transfer of <br> a specified dollar amount or <br> percentage of Contract Value <br> among Subaccounts.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>The minimum amount that may be transferred to any one <br> Subaccount is $25.00.<br><sup>●</sup>The Company may discontinue, modify, or suspend Dollar Cost <br> Averaging at any time.<br><sup>●</sup>Transfers can be made for a fixed period of time, until the total <br> amount elected has been transferred, or until the Contract Value in <br> the Subaccount from which transfers are made has been depleted.<br><sup>●</sup>After termination of Dollar Cost Averaging for any reason, before <br> reinstating Dollar Cost Averaging, you must wait at least one month <br> if transfers were monthly, at least one quarter if transfers were <br> quarterly, at least six months if transfers were semiannual, and at <br> least one year if transfers were annual.<br>|
| Asset <br> Reallocation <br> Option<br>| Allows you to automatically <br> transfer Contract Value on a <br> monthly, quarterly, semiannual or <br> annual basis to maintain a <br> particular percentage allocation <br> among the Subaccounts.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>The Company may discontinue, modify, or suspend the Asset <br> Reallocation Option at any time.<br>|
| Automatic <br> Investment <br> Program<br>| A program pursuant to which <br> Purchase Payments are <br> automatically paid from your bank <br> account on a specified day of <br> each month or a salary reduction <br> agreement.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>The minimum subsequent Purchase Payment if you elect an <br> Automatic Investment Program is reduced to $50.<br>|
| Systematic <br> Withdrawals<br>| Allows you to set up periodic <br> automatic payments of a certain <br> percentage or dollar amount of <br> your Contract Value.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>Each payment must be at least $100 (unless we consent <br> otherwise).<br><sup>●</sup>Withdrawals may be subject to income tax and penalties. |

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| | | | |
|:---|:---|:---|:---|
| **Optional Benefit** | **Optional Benefit** | **Optional Benefit** | **Optional Benefit** |
| **Name of** <br> **Benefit**<br>| **Purpose** | **Maximum** <br> **Fee (as a** <br> **percentage** <br> **of Contract** <br> **Value)**<br>| **Brief Description of Restrictions/Limitations** |
| Return of <br> Premium <br> Death Benefit | Provides an enhanced death <br> benefit upon the death of the <br> Owner or any Joint Owner prior to <br> the Annuity Start Date. | 0.10%<br> (for Contracts <br> issued before <br> February 1, <br> 2013)<br>| <sup>●</sup>The rider is only available at issue. You cannot change or cancel <br> the rider after it has been issued.<br><sup>●</sup>We will reduce the death benefit offered under this rider by any <br> uncollected premium tax.<br><sup>●</sup>If we do not receive due proof of death and instructions regarding <br> payment for each Designated Beneficiary at our Administrative <br> Office within six months of the date of the Owner's death, the <br> death benefit will be the Contract Value on the Valuation Date we <br> receive due proof of death and instructions regarding payment, <br> less any uncollected premium tax.<br><sup>●</sup>The Owner and any Joint Owner must be 80 or younger on the <br> Contract Date.<br><sup>●</sup>Certain withdrawals could significantly reduce or even terminate <br> the benefit, including systematic withdrawals and withdrawals used <br> to pay investment adviser fees.<br><sup>●</sup>The Company will continue to deduct the rider charge after the <br> Annuity Start Date if you elect Annuity Option 5 or 6.<br><sup>●</sup>Withdrawals (including withdrawals to pay advisory fees) reduce <br> the benefit proportionately. **This means withdrawals could** <br> **significantly reduce the benefit by substantially more than the** <br> **actual amount of the withdrawal, or even terminate the benefit.** |
| Return of <br> Premium <br> Death Benefit | Provides an enhanced death <br> benefit upon the death of the <br> Owner or any Joint Owner prior to <br> the Annuity Start Date. | 0.35%<br> (for Contracts <br> issued on or <br> after February 1, <br> 2013)<br>| <sup>●</sup>The rider is only available at issue. You cannot change or cancel <br> the rider after it has been issued.<br><sup>●</sup>We will reduce the death benefit offered under this rider by any <br> uncollected premium tax.<br><sup>●</sup>If we do not receive due proof of death and instructions regarding <br> payment for each Designated Beneficiary at our Administrative <br> Office within six months of the date of the Owner's death, the <br> death benefit will be the Contract Value on the Valuation Date we <br> receive due proof of death and instructions regarding payment, <br> less any uncollected premium tax.<br><sup>●</sup>The Owner and any Joint Owner must be 80 or younger on the <br> Contract Date.<br><sup>●</sup>Certain withdrawals could significantly reduce or even terminate <br> the benefit, including systematic withdrawals and withdrawals used <br> to pay investment adviser fees.<br><sup>●</sup>The Company will continue to deduct the rider charge after the <br> Annuity Start Date if you elect Annuity Option 5 or 6.<br><sup>●</sup>Withdrawals (including withdrawals to pay advisory fees) reduce <br> the benefit proportionately. **This means withdrawals could** <br> **significantly reduce the benefit by substantially more than the** <br> **actual amount of the withdrawal, or even terminate the benefit.** |

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**Return of Premium Death Benefit —** For an additional charge, as reflected in the Fee Table, under this rider, we will pay an enhanced death benefit upon the death of the Owner or any Joint Owner prior to the Annuity Start Date. If the rider is not purchased, the death benefit will be the Contract Value on the Valuation Date we receive due proof of death and instructions regarding payment for each Designated Beneficiary. See the discussion under "Death Benefit."

Please note that any amount that we may pay or make available under the Return of Premium Death Benefit rider that is in excess of Contract Value is subject to our financial strength and claims-paying ability.

How do you calculate the death benefit? On the Valuation Date we receive due proof of death and instructions regarding payment for each Designated Beneficiary, the death benefit equals the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The sum of all Purchase Payments (not including any Credit Enhancements) less an adjustment for any withdrawals and withdrawal charges (including systematic withdrawals and withdrawals to pay investment advisory fees).

In the event of a withdrawal (including a systematic withdrawal or a withdrawal to pay investment advisory fees), we reduce your Return of Premium Death Benefit as last adjusted for any prior withdrawal in the same proportion that the withdrawal reduces Contract Value immediately prior to the withdrawal. **This means if you make a withdrawal when your Contract Value is less than your total Purchase Payments, your Return of Premium Death Benefit will be reduced by an amount that is greater than the dollar amount of your withdrawal.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● For example, if you have made Purchase Payments totaling $100,000 and your Contract Value has dropped to $60,000, your death benefit is $100,000 so long as you have not taken any withdrawals. If, however, you take a $10,000 withdrawal (including a withdrawal to pay advisory fees), then we will reduce your total Purchase Payments proportionately to equal $83,333 ($100,000 x (1-$10,000 / $60,000). After the withdrawal, your death benefit is $83,333. Note that your death benefit decreased by more than the dollar amount of your withdrawal.

See the next question for information on potential reductions in the amount of the death benefit to collect any premium tax due.

**Will there be any adjustments to the enhanced death benefit?** We will reduce the death benefit offered under this rider by any uncollected premium tax, and, if the Extra Credit Rider was in effect, any Credit Enhancements applied during the 12 months preceding the Owner's date of death (however, if the death benefit is 1 above, we will not reduce the death benefit by any Credit Enhancements).

**Note: If we do not receive due proof of death and instructions regarding payment for each Designated Beneficiary at our Administrative Office within six months of the date of the Owner's death, the death benefit will be the Contract Value on the Valuation Date we receive due proof of death and instructions regarding payment, less any uncollected premium tax.**

**Are there age restrictions on purchasing this rider?** The Owner and any Joint Owner must be 80 or younger on the Contract Date. See the discussion under "Death Benefit."

**Annuity Period**

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**General —** You select the Annuity Start Date at the time of application. The Annuity Start Date may not be prior to the first Contract anniversary and may not be deferred beyond the Annuitant's 90th birthday, although the terms of a Qualified Plan and the laws of certain states may require that you start annuity payments at an earlier age. If you do not select an Annuity Start Date, the Annuity Start Date will be the later of the Annuitant's 70th birthday or the tenth Contract anniversary. If you do not select an Annuity Option, annuity payments will not begin until you make a selection, which may be after the Annuity Start Date. Any applicable death benefit will terminate at the Annuity Start Date without value. See "Selection of an Option." If there are Joint Annuitants, the birthdate of the older Annuitant will be used to determine the latest Annuity Start Date.

On the Annuity Start Date, the proceeds under the Contract will be applied to provide an annuity under one of the options described below. Each option is available in two forms—either as a variable annuity for use with the Subaccounts or as a fixed annuity. A combination variable and fixed annuity is also available. Variable annuity payments will fluctuate with the investment performance of the applicable Subaccounts while fixed annuity payments

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will not. The proceeds under the Contract will be equal to your Contract Value as of the Annuity Start Date, reduced by any applicable premium taxes.

The Contract currently provides for six Annuity Options. The Company may make other Annuity Options available upon request. The Company may discontinue the availability of one or more of these options at any time but will always offer a variable annuity option. Annuity payments are based upon annuity rates that vary with the Annuity Option selected. In the case of Annuity Options 1 through 4 and 6, the annuity rates will vary based on the age and sex of the Annuitant, except that unisex rates are available where required by law. The annuity rates reflect the Annuitant's life expectancy based upon the Annuitant's age as of the Annuity Start Date and the Annuitant's gender, unless unisex rates apply. The annuity rates are based upon the 1983(a) mortality table with mortality improvement under projection scale G for 45 years and are adjusted to reflect an assumed interest rate of 3.5%, compounded annually, for the variable annuity.

Annuity Options 1 through 4 and 6 provide for payments to be made during the lifetime of the Annuitant. Annuity payments under such options cease in the event of the Annuitant's death, unless the option provides for a guaranteed minimum number of payments, for example a life income with guaranteed payments of 5, 10, 15 or 20 years. The level of annuity payments will be greater for shorter guaranteed periods and less for longer guaranteed periods. Similarly, payments will be greater for life annuities than for joint and survivor annuities, because payments for life annuities are expected to be made for a shorter period.

You may elect to receive annuity payments on a monthly, quarterly, semiannual, or annual basis (note that less frequent payments will result in a larger payment amount, assuming the same amount is applied to purchase the annuity), although no payments will be made for less than $20. If the Company refuses to make payments of less than $20, the Company reserves the right to permit surrender of the Contract in lieu of making such payments.

You may designate or change an Annuity Start Date, Annuity Option, or Annuitant, provided proper written notice is received by the Company at its Administrative Office at least 30 days prior to the Annuity Start Date set forth in the Contract. The date selected as the new Annuity Start Date must be at least 30 days after the date written notice requesting a change of Annuity Start Date is received at the Company's Administrative Office.

Once annuity payments have commenced under Annuity Options 1 through 4 and 6, an Annuitant or Owner cannot change the Annuity Option and cannot make partial withdrawals or surrender his or her annuity for the Withdrawal Value. An Owner also cannot change the Annuity Option or make partial withdrawals or surrender his or her annuity for the Withdrawal Value if he or she has elected fixed annuity payments under Annuity Option 5.

If an Owner has elected variable annuity payments or a combination of variable and fixed annuity payments under Annuity Option 5, an Owner may elect to withdraw the present value of future annuity payments, commuted at the assumed interest rate, subject to a reduction for any uncollected premium tax. However, the Owner cannot take systematic withdrawals or make withdrawals to pay the fees of an investment adviser. If the Owner elects a partial withdrawal under Annuity Option 5, future variable annuity payments will be reduced as a result of such withdrawal. The Company will make payment in the amount of the partial withdrawal requested and will reduce the amount of future annuity payments by a percentage that is equal to the ratio of (i) the partial withdrawal, plus any uncollected premium tax, over (ii) the present value of future annuity payments, commuted at the assumed interest rate. The number of Annuity Units used in calculating future variable annuity payments is reduced by the applicable percentage. The tax treatment of partial withdrawals taken after the Annuity Start Date is uncertain. Consult a tax advisor before requesting a withdrawal after the Annuity Start Date. The Owner may not make systematic withdrawals under Annuity Option 5. See "Value of Variable Annuity Payments: Assumed Interest Rate" for more information with regard to how the Company calculates variable annuity payments.

An Owner or Annuitant may transfer Contract Value among the Subaccounts during the Annuity Period, as was available during the accumulation phase, if variable annuity payments have been selected.

The Contract specifies annuity tables for the Annuity Options described below. The tables contain the guaranteed minimum dollar amount (per $1,000 applied) of the first annuity payment for a variable annuity and each annuity payment for a fixed annuity.

**Annuity Options —**

**Option 1 — Life Income.** Periodic annuity payments will be made during the lifetime of the Annuitant. It is possible under this Option for any Annuitant to receive only one annuity payment if the Annuitant's death occurred prior to the due date of the second annuity payment, two if death occurred prior to the due date of the third annuity payment, etc. **There is no minimum number of payments guaranteed under this option. Payments will cease upon the death of the Annuitant regardless of the number of payments received.**

**Option 2 — Life Income with Guaranteed Payments of 5, 10, 15 or 20 Years.** Periodic annuity payments will be made during the lifetime of the Annuitant with the promise that if, at the death of the Annuitant, payments have

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been made for less than a stated period, which may be five, ten, fifteen or twenty years, as elected by the Owner, annuity payments will be continued during the remainder of such period to the Designated Beneficiary. Upon the Annuitant's death after the period certain, no further annuity payments will be made.

**Option 3 — Life with Installment or Unit Refund Option.** Periodic annuity payments will be made during the lifetime of the Annuitant with the promise that, if at the death of the Annuitant, the number of payments that has been made is less than the number determined by dividing the amount applied under this Annuity Option by the amount of the first payment, annuity payments will be continued to the Designated Beneficiary until that number of payments has been made. For example, if the Annuity start amount was $100,000 and the calculated monthly annuity payment was $550, 182 payments ($100,000 / $550) would be guaranteed for the life of the Annuitant. This means if the Annuitant dies before 182 payments have been made, the remaining annuity payments will be continued to the Designated Beneficiary.

**Option 4 —**

**A. Joint and Last Survivor.** Annuity payments will be made as long as either Annuitant is living. Upon the death of one Annuitant, annuity payments continue to the surviving Annuitant at the same or a reduced level of 75%, 66 2/3% or 50% of annuity payments as elected by the Owner at the time the Annuity Option is selected. With respect to fixed annuity payments, the amount of the annuity payment, and with respect to variable annuity payments, the number of Annuity Units used to determine the annuity payment, is reduced as of the first annuity payment following the Annuitant's death. It is possible under this Option for only one annuity payment to be made if both Annuitants died prior to the second annuity payment due date, two if both died prior to the third annuity payment due date, etc. As in the case of Annuity Option 1, there is no minimum number of payments guaranteed under this Annuity Option 4A. Payments cease upon the death of the last surviving Annuitant, regardless of the number of payments received.

**B. Joint and Last Survivor with Guaranteed Payments of 5, 10, 15 or 20 Years.** You may also select Annuity Option 4 with guaranteed payments. Annuity payments will be made as long as either Annuitant is living. Upon the death of one Annuitant, annuity payments continue to the surviving Annuitant at the same level with the promise that if, at the death of both Annuitants, payments have been made for less than a stated period, which may be five, ten, fifteen or twenty years, as elected by the Owner, annuity payments will be continued during the remainder of such period to the Designated Beneficiary. Upon the last death of the Annuitants after the period certain, no further annuity payments will be made.

**Option 5 — Period Certain.** Periodic annuity payments will be made for a stated period, which may be 5, 10, 15 or 20 years, as elected by the Owner. Annuity Payments are calculated on the basis of Annuity Units. If the Annuitant dies prior to the end of the period, the remaining payments will be made to the Designated Beneficiary.

**Option 6 — Joint and Contingent Survivor Option.** Periodic annuity payments will be made during the life of the primary Annuitant. Upon the death of the primary Annuitant, payments will be made to the contingent Annuitant during his or her life. If the contingent Annuitant is not living upon the death of the primary Annuitant, no payments will be made to the contingent Annuitant. It is possible under this Option for only one annuity payment to be made if both Annuitants died prior to the second annuity payment due date, two if both died prior to the third annuity payment due date, etc. As in the case of Annuity Options 1 and 4A, there is no minimum number of payments guaranteed under this Option. Payments cease upon the death of the last surviving Annuitant, regardless of the number of payments received.

**Value of Variable Annuity Payments: Assumed Interest Rate.** The annuity tables in the Contract which are used to calculate variable annuity payments for the Annuity Options are based on an "assumed interest rate" of 3½%, compounded annually. Variable annuity payments generally increase or decrease from one annuity payment date to the next based upon the performance of the applicable Subaccounts during the interim period adjusted for the assumed interest rate. If the performance of the Subaccount selected is equal to the assumed interest rate, the annuity payments will remain constant. If the performance of the Subaccounts is greater than the assumed interest rate, the annuity payments will increase and if it is less than the assumed interest rate, the annuity payments will decline. A higher assumed interest rate would mean a higher initial annuity payment but the amount of the annuity payment would increase more slowly in a rising market (or the amount of the annuity payment would decline more rapidly in a declining market). A lower assumption would have the opposite effect.

The Company calculates variable annuity payments using Annuity Units. The value of an Annuity Unit for each Subaccount is determined as of each Valuation Date and was initially $1.00. The Annuity Unit value of a Subaccount as of any subsequent Valuation Date is determined by adjusting the Annuity Unit value on the previous Valuation Date for (1) the interim performance of the corresponding Underlying Fund; (2) any dividends or distributions paid by the corresponding Underlying Fund; (3) the mortality and expense risk and administration charges; (4) the charges, if any, that may be assessed by the Company for taxes attributable to the operation of the Subaccount; and (5) the assumed interest rate.

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The Company determines the number of Annuity Units used to calculate each variable annuity payment as of the Annuity Start Date. As discussed above, the Contract specifies annuity rates for the Annuity Options for each $1,000 applied to an Annuity Option. The proceeds under the Contract as of the Annuity Start Date are divided by $1,000 and the result is multiplied by the rate per $1,000 specified in the annuity tables to determine the initial annuity payment for a variable annuity and the guaranteed monthly annuity payment for a fixed annuity.

On the Annuity Start Date, the Company divides the initial variable annuity payment by the value as of that date of the Annuity Unit for the applicable Subaccount to determine the number of Annuity Units to be used in calculating subsequent annuity payments. If variable annuity payments are allocated to more than one Subaccount, the number of Annuity Units will be determined by dividing the portion of the initial variable annuity payment allocated to a Subaccount by the value of that Subaccount's Annuity Unit as of the Annuity Start Date. The initial variable annuity payment is allocated to the Subaccounts in the same proportion as the Contract Value is allocated as of the Annuity Start Date. The number of Annuity Units will remain constant for subsequent annuity payments, unless the Owner transfers Annuity Units among Subaccounts or makes a withdrawal under Annuity Option 5.

Subsequent variable annuity payments are calculated by multiplying the number of Annuity Units allocated to a Subaccount by the value of the Annuity Unit as of the date of the annuity payment. If the annuity payment is allocated to more than one Subaccount, the annuity payment is equal to the sum of the payment amount determined for each Subaccount.

**Selection of an Option —** You should carefully review the Annuity Options with your financial or tax adviser. If you have questions about the calculation of the payment amount under a particular Annuity Option, you can contact the Company at 1-800-888-2461. For Contracts used in connection with an IRA, reference should be made to the terms of the particular IRA and the requirements of the Internal Revenue Code for pertinent limitations respecting annuity payments and other matters. For instance, IRAs generally require that distributions begin no later than April 1 of the calendar year following the year in which the Annuitant reaches their "applicable age" as defined in the Code. If the Annuitant attains age 72 after 2022 and age 73 before 2033, their applicable age is 73. If Annuitant attains age 74 after 2032, their applicable age is 75. In addition, under an IRA, not all Annuity Options will satisfy required minimum distribution rules, particularly as those rules apply to your beneficiary after your death. Beginning with Owner deaths occurring on or after January 1, 2020, subject to certain exceptions, most non-spouse beneficiaries must complete distributions within ten years of the Owner's death in order to satisfy required minimum distribution rules. Consult a tax adviser before electing an Annuity Option. The Company does not allow the Annuity Start Date to be deferred beyond the Annuitant's 95th birthday.

**More About the Contract**

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**Ownership —** The Owner is the person named as such in the application or in any later change shown in the Company's records. While living, the Owner alone has the right to receive all benefits and exercise all rights that the Contract grants or the Company allows. The Owner may be an entity that is not a living person such as a trust or corporation referred to herein as "Non-natural Persons." See "Federal Tax Matters."

**Joint Owners.** The Joint Owners will be joint tenants with rights of survivorship and upon the death of an Owner, the surviving Owner shall be the sole Owner. Any Contract transaction requires the signature of all persons named jointly.

**Designation and Change of Beneficiary —** The Designated Beneficiary is the person having the right to the death benefit, if any, payable upon the death of the Owner or Joint Owner prior to the Annuity Start Date. The Designated Beneficiary is the first person on the following list who, if a natural person, is alive on the date of death of the Owner or the Joint Owner: the Owner; the Joint Owner; the Primary Beneficiary; the Secondary Beneficiary; the Annuitant; or if none of the above are alive, the Owner's estate. The Primary Beneficiary is the individual named as such in the application or any later change shown in the Company's records. The Primary Beneficiary will receive the death benefit of the Contract only if he or she is alive on the date of death of both the Owner and any Joint Owner prior to the Annuity Start Date. Because the death benefit of the Contract goes to the first person on the above list who is alive on the date of death of any Owner, careful consideration should be given to the manner in which the Contract is registered, as well as the designation of the Primary Beneficiary. The Owner may change the Primary Beneficiary at any time while the Contract is in force by written request on forms provided by the Company and received by the Company at its Administrative Office. The change will not be binding on the Company until it is received and recorded at its Administrative Office. The change will be effective as of the date this form is signed

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subject to any payments made or other actions taken by the Company before the change is received and recorded. A Secondary Beneficiary may be designated. The Owner may designate a permanent Beneficiary whose rights under the Contract cannot be changed without his or her consent.

Reference should be made to the terms of a particular Qualified Plan and any applicable law for any restrictions or limitations on the designation of a Beneficiary. Some qualified plans do not allow the designation of any primary beneficiary other than a spouse unless the spouse consents to such designation and the consent is witnessed by a plan representative or a notary public. Not all Annuity Options will satisfy required minimum distribution rules for every Beneficiary.

**Dividends —** The Contract does not share in the surplus earnings of the Company, and no dividends will be paid.

**Payments from the Separate Account —** The Company generally will pay any full or partial withdrawal (including systematic withdrawals and withdrawals to pay investment advisory fees) or death benefit proceeds from Contract Value allocated to the Subaccounts within seven days after a proper request is received at the Company's Administrative Office. However, the Company can postpone such a payment from the Subaccounts to the extent permitted under applicable law, which is currently permissible only for any period:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

During which the NYSE is closed other than customary weekend and holiday closings,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

During which trading on the NYSE is restricted as determined by the SEC,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

During which an emergency, as determined by the SEC, exists as a result of which (i) disposal of securities held by the Separate Account is not reasonably practicable, or (ii) it is not reasonably practicable to determine the value of the assets of the Separate Account, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

For such other periods as the SEC may by order permit for the protection of investors.

The Company reserves the right to delay payments of any full or partial withdrawal until all of your Purchase Payment checks have been honored by your bank.

**Proof of Age and Survival —** The Company may require proof of age or survival of any person on whose life annuity payments depend.

**Misstatements —** If you misstate the age or sex of an Annuitant or Owner, the correct amount paid or payable by the Company under the Contract shall be such as the Contract Value would have provided for the correct age or sex (unless unisex rates apply).

**Business Disruption and Cybersecurity Risks —** We rely on technology, including interconnected computer systems and data storage networks and digital communications, to conduct our variable product business activities. Because our variable product business is highly dependent upon the effective operation of our computer systems and those of our service providers and other business partners, our business is vulnerable to disruptions from utility outages, and susceptible to operational and information security risks resulting from information systems failure (e.g., hardware and software malfunctions) and cyber-attacks. Cyber-attacks may be systemic (e.g. affecting the internet, cloud services, or other infrastructure) or targeted (e.g. failures in or breach of our systems or those of third parties on whom we rely, including ransomware and malware attacks).

Cybersecurity risks include, but are not limited to, the loss, theft, misuse, corruption, and destruction of data maintained online or digitally, interference with or denial of service, attacks on our website (or the websites of third parties on whom we rely), disruption of routine business operations, and unauthorized release of confidential customer information. The risk of cyber-attacks may be higher during periods of geopolitical turmoil (such as the recent military conflict between the United States and Iran, and the Russian invasion of Ukraine and the responses by the United States and other governments). Due to the increasing sophistication of cyber-attacks, a cybersecurity breach could occur and persist for an extended period of time without detection.

Systems failures and cybersecurity incidents affecting us, our affiliates, the Underlying Funds, intermediaries, service providers, and other third parties on whom we rely may adversely affect your contract value and interfere with our ability to process contract transactions and calculate contract values. Systems failures and cybersecurity breaches may cause us to be unable to process orders from our website or with the Underlying Funds, cause us to be unable to calculate unit values and/or the Underlying Funds to be unable to calculate share values, cause the release or possible destruction of confidential customer and/or business information, impede order processing or

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cause other operational issues, subject us and our service providers and intermediaries to regulatory fines, litigation, and financial losses, and/or cause reputational damage. Cybersecurity risks may also impact the issuers of securities in which the Underlying Funds invest, which may cause the Underlying Funds to lose value.

The preventative actions we take to reduce the frequency and severity of cybersecurity incidents and protect our computer systems may be insufficient to prevent a cybersecurity breach from impacting our operations or your contract value. There can be no assurance that we or the Underlying Funds or our service providers and intermediaries will be able to avoid cybersecurity breaches affecting your contract.

In addition, we are also exposed to risks related to natural and man-made disasters including, but not limited to, storms, fires, floods, earthquakes, public health crises, malicious acts, and terrorist acts, which could adversely affect our ability to conduct business. A natural or man-made disaster, including a pandemic (such as COVID-19), could affect the ability of our employees or the employees of our service providers to perform their job responsibilities. They could interfere with our processing of contract transactions, including processing orders from Owners and orders with the Underlying Funds, impact our ability to calculate contract value, or have other adverse impacts on our operations. These events may also negatively affect the our service providers and intermediaries, the Underlying Funds and the issuers of securities in which the Underlying Funds invest, which may cause the Underlying Funds to lose value. There can be no assurance that we or the Underlying Funds or our service providers and intermediaries will be able to avoid negative impacts associated with natural and man-made disasters.

**Restrictions on Withdrawals from Qualified Plans —** Section 403(b) imposes restrictions on certain distributions from tax-sheltered annuity contracts meeting the requirements of Section 403(b). Section 403(b) requires that distributions from Section 403(b) tax-sheltered annuities that are attributable to employee contributions made after December 31, 1988 under a salary reduction agreement begin only after the employee (i) reaches age 59½, (ii) has a severance from employment, (iii) dies, (iv) becomes disabled, or (v) incurs a hardship. Furthermore, effective for plan years beginning in 2024, distributions of employee elective deferrals, qualified nonelective contributions, qualified matching contributions, and gains attributable to such contributions may now be made on account of hardship. Under prior provisions, distributions on account of hardship generally were limited to amounts attributable to employee elective deferrals. Hardship, for this purpose, is generally defined as an immediate and heavy financial need, such as paying for medical expenses, purchasing a residence, paying certain tuition expenses, paying for funeral expenses, paying for casualty losses on your principal residence, or paying amounts needed to avoid eviction or foreclosure that may only be met by the distribution.

If you own a Contract purchased as a tax-sheltered Section 403(b) annuity contract, you will not, therefore, be entitled to make a full or partial withdrawal, as described in this Prospectus, in order to receive proceeds from the Contract attributable to contributions under a salary reduction agreement or any gains credited to such Contract after December 31, 1988 unless one of the above-described conditions has been satisfied. In the case of transfers of amounts accumulated in a different Section 403(b) contract to this Contract under a Section 403(b) program, the withdrawal constraints described above would not apply to the amount transferred to the Contract designated as attributable to the Owner's December 31, 1988 account balance under the old contract, provided the amounts transferred between contracts qualified as a rollover under the Internal Revenue Code. An Owner of a Contract may be able to transfer your Contract's Withdrawal Value to certain other investment alternatives meeting the requirements of Section 403(b) that are available under your employer's Section 403(b) arrangement.

Your particular Qualified Plan or 403(b) plan or program may have additional restrictions on distributions that may also be followed for your Contract. The distribution or withdrawal of amounts under a Contract purchased in connection with a Qualified Plan may result in the receipt of taxable income to the Owner or Annuitant and in some instances may also result in a penalty tax. Therefore, you should carefully consider the tax consequences of a distribution or withdrawal under a Contract and you should consult a competent tax adviser. See "Federal Tax Matters."

If your Contract was issued pursuant to a 403(b) plan, we generally are required to confirm, with your 403(b) plan sponsor or otherwise, that surrenders or transfers you request comply with applicable tax requirements and to decline requests that are not in compliance. We will defer such payments you request until all information required under the tax law has been received. By requesting a surrender or transfer, you consent to the sharing of confidential information about you, the contract, and transactions under the contract and any other 403(b) contracts or accounts you have under the 403(b) plan among us, your employer or plan sponsor, any plan administrator or recordkeeper, and other product providers.

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**Federal Tax Matters**

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**Introduction —** The Contract described in this Prospectus is designed for use by individuals in retirement plans which may or may not be Qualified Plans under the provisions of the Internal Revenue Code ("Code"). The ultimate effect of federal income taxes on the amounts held under a Contract, on annuity payments, and on the economic benefits to the Owner, the Annuitant, and the Beneficiary or other payee will depend upon the type of retirement plan, if any, for which the Contract is purchased, the tax and employment status of the individuals involved and a number of other factors. The discussion contained herein and in the Statement of Additional Information is general in nature and is not intended to be an exhaustive discussion of all questions that might arise in connection with a Contract. It is based upon the Company's understanding of the present federal income tax laws as currently interpreted by the Internal Revenue Service ("IRS") as of the date of this Prospectus, and is not intended as tax advice. No representation is made regarding the likelihood of continuation of the present federal income tax laws or of the current interpretations by the IRS or the courts. Future legislation may affect annuity contracts adversely. Moreover, no attempt has been made to consider any applicable state or other laws. Because of the inherent complexity of the tax laws and the fact that tax results will vary according to the particular circumstances of the individual involved and, if applicable, the Qualified Plan, a person should consult with a qualified tax adviser regarding the purchase of a Contract, the selection of an Annuity Option under a Contract, the receipt of annuity payments under a Contract or any other transaction involving a Contract. **The Company does not make any guarantee regarding the tax status of, or tax consequences arising from, any Contract or any transaction involving the Contract.**

**Tax Status of the Company and the Separate Account —**

**General.** The Company intends to be taxed as a life insurance company under Part I, Subchapter L of the Code. Because the operations of the Separate Account form a part of the Company, the Company will be responsible for any federal income taxes that become payable with respect to the income of the Separate Account and its Subaccounts.

**Charge for the Company's Taxes.** A charge may be made for any federal taxes incurred by the Company that are attributable to the Separate Account, the Subaccounts or to the operations of the Company with respect to the Contract or attributable to payments, premiums, or acquisition costs under the Contract. The Company will review the question of a charge to the Separate Account, the Subaccounts or the Contract for the Company's federal taxes periodically. Charges may become necessary if, among other reasons, the tax treatment of the Company or of income and expenses under the Contract is ultimately determined to be other than what the Company currently believes it to be, if there are changes made in the federal income tax treatment of variable annuities at the insurance company level, or if there is a change in the Company's tax status.

Under current laws, the Company may incur state and local taxes (in addition to premium taxes) in several states. At present, these taxes are not significant. If there is a material change in applicable state or local tax laws, the Company reserves the right to charge the Separate Account or the Subaccounts for such taxes, if any, attributable to the Separate Account or Subaccounts.

**Optional Benefit Riders.** It is possible that the Internal Revenue Service may take the position that fees deducted for certain optional benefit riders are deemed to be taxable distributions to you. In particular, the Internal Revenue Service may treat fees deducted for the optional benefits as taxable withdrawals, which might also be subject to a tax penalty if withdrawn prior to age 59½. Although we do not believe that the fees associated or any optional benefit provided under the Contract should be treated as taxable withdrawals, you should consult your tax advisor prior to selecting any optional benefit under the Contract.

**Withholding.** Annuity distributions are generally subject to withholding for the recipient's federal income tax liability. Recipients can generally elect, however, not to have tax withheld from distributions.

**Owner Control.** In certain circumstances, owners of Non-Qualified variable annuity contracts may be considered the owners, for federal income tax purposes, of the assets of the separate account used to support their contracts. In those circumstances, income and gains from the separate account assets would be includable currently in the variable Contract Owner's gross income. The ownership rights under the Contract are similar to, but different in certain respects from, those described by the IRS in rulings in which it was determined that policy owners were not owners of separate account assets. While the Company does not think that such will be the case, due to the number of the Contract's Underlying Funds, the number of charge-free transfer opportunities between and among the Underlying Funds and the fact that some Underlying Funds may have essentially the same investment strategy, it cannot be ruled out that an Owner of a Contract might be treated as the owner of a pro rata portion of the assets of the Separate Account.

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The Company nonetheless reserves the right to modify the Contract, as it deems appropriate, to attempt to prevent an Owner from being considered the owner of a pro rata share of the assets of the Separate Account and its Underlying Funds. Moreover, in the event that regulations are adopted or rulings or other guidance are issued, there can be no assurance that the Separate Account and the Underlying Funds will be able to operate as currently described in the Prospectus (including the possibility that the number of Underlying Funds offered might need to be reduced), or that the Underlying Funds will not have to change their investment objective or investment policies.

**Income Taxation of Annuities in General—Non-Qualified Contracts —** Section 72 of the Code governs the taxation of annuities. In general, a contract owner is not taxed on increases in value under an annuity contract until some form of distribution is made under the contract. However, the increase in value may be subject to tax currently under certain circumstances. See "Contracts Owned by Non-Natural Persons," "Diversification Standards," and "Owner Control." Withholding of federal income taxes on all distributions may be required unless a recipient who is eligible elects not to have any amounts withheld and properly notifies the Company of that election.

**Withdrawals Prior to the Annuity Start Date.** Code Section 72 provides generally that amounts received upon a total or partial withdrawal (including systematic withdrawals and withdrawals made to pay the fees of an investment adviser) from a Non-Qualified Contract prior to the Annuity Start Date generally will be treated as gross income to the extent that the cash value of the Contract immediately before the withdrawal exceeds the "investment in the contract." The "investment in the contract" is that portion, if any, of Purchase Payments paid under a Contract less any distributions received previously under the Contract that are excluded from the recipient's gross income. The taxable portion is taxed at ordinary income tax rates. For purposes of this rule, a pledge or assignment of a contract is treated as a payment received on account of a partial withdrawal of a Contract.

Amounts distributed from a Contract because of your death or the death of the Annuitant are generally treated as income to the recipient. If distributed in a lump sum, such payments are taxed in the same manner as if the Contract had been surrendered, and if distributed under an Annuity Option, they are taxed in the same manner as annuity payments. For Non-Qualified Contracts, all or a portion of the charges deducted from your Contract Value to pay advisory fees to a financial intermediary may be subject to federal and state income taxes and a 10% federal penalty tax. In a series of recent private letter rulings, the IRS has recognized that investment adviser fees may, in certain circumstances and subject to certain conditions, be deemed a part of a Non-Qualified Contract rather than a taxable distribution. We have received such a private letter ruling from the IRS and intend to tax report in accordance with that ruling. A tax-free partial exchange may become taxable if an advisory fee is paid from your Contract Value within 180 days of the partial exchange. Consult your tax adviser for advice concerning tax-free partial exchanges.

**Surrenders.** Upon a complete surrender, the receipt is taxable to the extent that the cash value of the Contract exceeds the investment in the Contract. The taxable portion of such payments will be taxed as ordinary income.

**Annuity Payments.** For fixed annuity payments, the taxable portion of each payment generally is determined by using a formula known as the "exclusion ratio," which establishes the ratio that the investment in the Contract bears to the total expected amount of annuity payments for the term of the Contract. That ratio is then applied to each payment to determine the non-taxable portion of the payment. The remaining portion of each payment is taxed at ordinary income rates. For variable annuity payments, the taxable portion of each payment is determined by using a formula known as the "excludable amount," which establishes the non-taxable portion of each payment. The non-taxable portion is a fixed dollar amount for each payment, determined by dividing the investment in the Contract by the number of payments to be made. The remainder of each variable annuity payment is taxable. Once the excludable portion of annuity payments to date equals the investment in the Contract, the balance of the annuity payments will be fully taxable.

**Penalty Tax on Certain Surrenders and Withdrawals.** With respect to amounts withdrawn or distributed before the taxpayer reaches age 59½, a penalty tax is imposed equal to 10% of the portion of such amount which is includable in gross income. However, the penalty tax is not applicable to withdrawals: (i) made on or after the death of the owner (or where the owner is not an individual, the death of the "primary annuitant," who is defined as the individual the events in whose life are of primary importance in affecting the timing and amount of the payout under the Contract); (ii) attributable to the taxpayer's becoming totally disabled within the meaning of Code Section 72(m)(7); (iii) which are part of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the taxpayer, or the joint lives (or joint life expectancies) of the taxpayer and his or her beneficiary; (iv) from certain qualified plans; (v) under a so-called qualified funding asset (as defined in Code Section 130(d)); (vi) under an immediate annuity contract; or (vii) which are purchased by an employer on termination of certain types of qualified plans and which are held by the employer until the employee separates from service.

If the penalty tax does not apply to a surrender or withdrawal as a result of the application of item (iii) above, and the series of payments are subsequently modified (other than by reason of death or disability), the tax for the

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first year in which the modification occurs will be increased by an amount (determined by the regulations) equal to the tax that would have been imposed but for item (iii) above, plus interest for the deferral period, if the modification takes place (a) before the close of the period which is five years from the date of the first payment and after the taxpayer attains age 59½, or (b) before the taxpayer reaches age 59½.

**Partial Annuitization.** If part of an annuity contract's value is applied to an annuity option that provides payments for one or more lives and for a period of at least ten years, those payments may be taxed as annuity payments instead of withdrawals. None of the payment options under the Contract is intended to qualify for this "partial annuitization" treatment and, if you apply only part of the value of the Contract to a payment option, we will treat those payments as withdrawals for tax purposes.

**Additional Considerations —**

**Distribution-at-Death Rules.** In order to be treated as an annuity contract, a Non-Qualified contract must provide the following two distribution rules: (a) if any owner dies on or after the Annuity Start Date, and before the entire interest in the Contract has been distributed, the remainder of the owner's interest will be distributed at least as quickly as the method in effect on the owner's death; and (b) if any owner dies before the Annuity Start Date, the entire interest in the Contract must generally be distributed within five years after the date of death, or, if payable to a designated beneficiary, must be annuitized over the life of that designated beneficiary or over a period not extending beyond the life expectancy of that beneficiary, commencing within one year after the date of death of the owner. If the sole designated beneficiary is the spouse of the deceased owner, the contract (together with the deferral of tax on the accrued and future income thereunder) may be continued in the name of the spouse as owner.

The Contract provides that upon your death, a surviving spouse may have certain continuation rights that he or she may elect to exercise for the Contract's death benefit. All Contract provisions relating to spousal continuation are available only to a person who meets the definition of "spouse" under federal law. The U.S. Supreme Court has held that same-sex marriages must be permitted under state law and that marriages recognized under state law will be recognized for federal law purposes. Domestic partnerships and civil unions that are not recognized as legal marriages under state law, however, will not be treated as marriages under federal law. Consult a tax adviser for more information on this subject.

Generally, for purposes of determining when distributions must begin under the foregoing rules, where an owner is not an individual, the primary annuitant is considered the owner. In that case, a change in the primary annuitant will be treated as the death of the owner. Finally, in the case of joint owners, the distribution-at-death rules will be applied by treating the death of the first owner as the one to be taken into account in determining generally when distributions must commence, unless the sole Designated Beneficiary is the deceased owner's spouse.

**Gift of Annuity Contracts.** Generally, gifts of non-tax qualified Contracts prior to the Annuity Start Date will trigger tax on the gain on the Contract, with the donee getting a stepped-up basis for the amount included in the donor's income. The 10% penalty tax and gift tax also may be applicable. This provision does not apply to transfers between spouses or incident to a divorce.

**Contracts Owned by Non Natural Persons.** If the Contract is held by a non-natural person (for example, a corporation) the income on that Contract (generally the increase in net surrender value less the Purchase Payments) is includable in taxable income each year. The rule does not apply where the Contract is acquired by the estate of a decedent, where the Contract is held by certain types of retirement plans, where the Contract is a qualified funding asset for structured settlements, where the Contract is purchased on behalf of an employee upon termination of a qualified plan, and in the case of an immediate annuity. An annuity contract held by a trust or other entity as agent for a natural person is considered held by a natural person.

**Multiple Contract Rule.** For purposes of determining the amount of any distribution under Code Section 72(e) (amounts not received as annuities) that is includable in gross income, all Non-Qualified deferred annuity contracts issued by the same insurer to the same contract owner during any calendar year are to be aggregated and treated as one contract. Thus, any amount received under any such contract prior to the contract's Annuity Start Date, such as a partial surrender, dividend, or loan, will be taxable (and possibly subject to the 10% penalty tax) to the extent of the combined income in all such contracts.

In addition, the Treasury Department has broad regulatory authority in applying this provision to prevent avoidance of the purposes of this rule. It is possible that, under this authority, the Treasury Department may apply this rule to amounts that are paid as annuities (on and after the Annuity Start Date) under annuity contracts issued by the same company to the same owner during any calendar year. In this case, annuity payments could be fully taxable (and possibly subject to the 10% penalty tax) to the extent of the combined income in all such contracts and regardless of whether any amount would otherwise have been excluded from income because of the "exclusion ratio" under the contract.

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**Transfers, Assignments or Exchanges of a Contract.** A transfer of ownership of a Contract, the designation of an Annuitant, Payee or other Beneficiary who is not also the Owner, the selection of certain Annuity Start Dates or the exchange of a Contract may result in certain tax consequences to the Owner that are not discussed herein. If contemplating any such transfer, assignment, selection or exchange, the Owner should contact a competent tax adviser with respect to the potential effects of such a transaction.

**Qualified Contracts —** The Contract may be used with IRAs that meet the requirements of Section 408 or 408A of the Code. If you are purchasing the Contract as an investment vehicle for an IRA, you should consider that the Contract does not provide any additional tax advantage beyond that already available through the IRA. However, the Contract does offer features and benefits in addition to providing tax deferral that other investments may not offer, including death benefit protection for your beneficiaries and annuity options which guarantee income for life. You should consult with your financial professional as to whether the overall benefits and costs of the Contract are appropriate considering your circumstances.

The amounts that may be contributed to IRAs are subject to limitations that vary depending on the circumstances. In addition, early distributions from IRAs may be subject to penalty taxes. Furthermore, distributions from IRAs are subject to certain minimum distribution rules. Failure to comply with these rules could subject the Owner or Beneficiary to penalty taxes. As a result, the minimum distribution rules may limit the availability of certain Annuity Options to certain Annuitants and their Beneficiaries. Please note that for Owners who die on or after January 1, 2020, most non-spouse Beneficiaries will no longer be able to satisfy these rules by "stretching" payouts over their lifetimes. Instead, those Beneficiaries will have to take their post-death distributions within ten years. Certain exceptions apply to "eligible designated beneficiaries," which include disabled and chronically ill individuals, individuals who are not more than ten years younger than the deceased individual, and children who have not reached the age of majority. Owners and Beneficiaries should consult a tax adviser if they may be affected by these changes. These requirements may not be incorporated into the Company's Contract administration procedures. Owners and beneficiaries are responsible for determining that contributions, distributions and other transactions with respect to the Contracts comply with applicable law.

The following are brief descriptions of the various types of IRAs and the use of the Contract therewith:

**Section 408. <u>Traditional Individual Retirement Annuities.</u>** Section 408 of the Code permits eligible individuals to establish individual retirement programs through the purchase of Individual Retirement Annuities ("traditional IRAs"). The Contract may be purchased as an IRA. The IRAs described in this section are called "traditional IRAs" to distinguish them from "Roth IRAs," which are described below.

IRAs are subject to limitations on the amount that may be contributed, the persons who may be eligible and on the time distributions must commence. Depending upon the circumstances of the individual, contributions to a traditional IRA may be made on a deductible or non-deductible basis. IRAs may not be transferred, sold, assigned, discounted or pledged as collateral for a loan or other obligation. The annual premium for an IRA may not be fixed and may not exceed (except in the case of a rollover contribution) the lesser of (i) $7,500 or $8,600 for owners age 50 or older (for 2026) or (ii) 100% of the individual's taxable compensation (for 2026).

Any refund of premium must be applied to the payment of future premiums or the purchase of additional benefits. If an individual is age 50 or over, the individual may make an additional catch-up contribution to a traditional IRA of $1,100 in 2026 (indexed for inflation in future tax years). However, if the individual is covered by an employer-sponsored retirement plan, the amount of IRA contributions the individual may deduct in a year may be reduced or eliminated based on the individual's adjusted gross income for the year ($129,000 to $149,000 for a married couple filing a joint return and $81,000 to $91,000 for a single taxpayer in 2026). If the individual's spouse is covered by an employer-sponsored retirement plan but the individual is not, the individual may be able to deduct those contributions to a traditional IRA; however, the deduction will be reduced or eliminated if the adjusted gross income on a joint return is between $242,000 to $252,000 (for 2026). Non-deductible contributions to traditional IRAs must be reported to the IRS in the year made on Form 8606.

Sale of the Contract for use with IRAs may be subject to special requirements imposed by the Internal Revenue Service. Purchasers of the Contract for such purposes will be provided with such supplementary information as may be required by the Internal Revenue Service or other appropriate agency and will have the right to revoke the Contract under certain circumstances. See the IRA Disclosure Statement that accompanies this Prospectus.

In general, traditional IRAs are subject to minimum distribution requirements. Amounts in a traditional IRA must generally be distributed or begin to be distributed on the date that the contract owner reaches their applicable age (as defined above), regardless of the contract owner's retirement date. Periodic distributions must not extend beyond the life of the individual or the lives of the individual and a designated beneficiary (or over a period extending beyond the life expectancy of the individual or the joint life expectancy of the individual and a designated beneficiary). Not all Annuity Options will satisfy minimum distribution rules for every designated beneficiary. Distributions from IRAs are

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generally taxed under Code Section 72. Under these rules, a portion of each distribution may be excludable from income. The amount excludable from the individual's income is the amount of the distribution that bears the same ratio as the individual's nondeductible contributions bears to the expected return under the IRA.

Distributions from a traditional IRA may be eligible for a tax-free rollover to any kind of eligible retirement plan, including another traditional IRA. In certain cases, a distribution of non-deductible contributions or other after-tax amounts from a traditional IRA may be eligible to be rolled over to another traditional IRA. See "Rollovers."

The IRS has not reviewed the Contract for qualification as an IRA, and has not addressed in a ruling of general applicability whether a death benefit provision such as the provision in the Contract comports with IRA qualification requirements.

**Section 408A. <u>Roth IRAs</u>.** Section 408A of the Code permits eligible individuals to establish a Roth IRA. The Contract may be purchased as a Roth IRA. Regular contributions may be made to a Roth IRA up to the same contribution limits that apply to traditional IRA contributions. The regular contribution limits are phased out for taxpayers with $153,000 to $168,000 in adjusted gross income for 2026 ($242,000 to $252,000 for married filing joint returns). Also the taxable balance in a traditional IRA may be rolled over or converted into a Roth IRA. Distributions from Roth 403(b) plans can be rolled over to a Roth IRA regardless of income.

Regular contributions to a Roth IRA are not deductible, and rollovers and conversions from other retirement plans are taxable when completed, but withdrawals that meet certain requirements are not subject to federal income tax on either the original contributions or any earnings. However, once aggregate distributions exceed contributions to the Roth IRA, income tax and a 10% penalty tax may apply to distributions made (1) before 59½ (subject to certain exceptions) or (2) during the five taxable years starting with the year in which the first contribution is made to any Roth IRA. A 10% penalty tax may apply to amounts attributable to a conversion from an IRA if they are distributed during the five taxable years beginning with the year in which the conversion was made. Rollovers of Roth contributions were already taxed when made and are not generally subject to tax when rolled over to a Roth IRA. Sale of the Contract for use with Roth IRAs may be subject to special requirements imposed by the Internal Revenue Service. Purchasers of the Contract for such purposes will be provided with such supplementary information as may be required by the Internal Revenue Service or other appropriate agency, and will have the right to revoke the Contract under certain requirements. Unlike a traditional IRA, Roth IRAs are not subject to minimum required distribution rules during the Contract Owner's lifetime. Generally, however, the amount remaining in a Roth IRA after the Contract Owner's death must begin to be distributed by the end of the first calendar year after death, and made in amounts that satisfy IRS required minimum distribution regulations. Beginning with deaths occurring on or after January 1, 2020, subject to certain exceptions, most non-spouse beneficiaries must complete distributions within ten years of the Owner's death.

**Rollovers.** A "rollover" is the tax-free transfer of a distribution from one "eligible retirement plan" to another. Distributions which are rolled over are not included in the employee's gross income until some future time.

If any portion of the balance to the credit of an employee in a Section 403(b) or other eligible retirement plan (other than Roth sources) is paid in an "eligible rollover distribution" and the payee transfers any portion of the amount received to an "eligible retirement plan," then the amount so transferred is not includable in income. Also, pre-tax distributions from an IRA may be rolled over to another kind of eligible retirement plan. An "eligible rollover distribution" generally means any distribution that is not one of a series of periodic payments made for the life of the distributee or for a specified period of at least ten years. In addition, a required minimum distribution, death distributions (except to a surviving spouse) and certain corrective distributions, will not qualify as an eligible rollover distribution. A rollover must be made directly between plans or indirectly within 60 days after receipt of the distribution.

For an employee (or employee's spouse or former spouse as beneficiary or alternate payee), an "eligible retirement plan" will be another Section 403(b) plan, a qualified retirement plan, or a traditional individual retirement account or annuity described in Code Section 408. For a non-spouse beneficiary, an "eligible retirement plan" is an IRA established by the direct rollover. For a Roth 403(b) account, a rollover, including a direct rollover, can only be made to a Roth IRA or to the same kind of account in another plan (such as a Roth 403(b) to a Roth 403(b), but not a Roth 403(b) to a Roth 401(k)) or to a Roth IRA. Anyone attempting to rollover Roth 403(b) contributions should seek competent tax advice. Additionally, a rollover for a Roth IRA can only be made to another Roth IRA.

A Section 403(b) plan must provide a participant receiving an eligible rollover distribution, the option to have the distribution transferred directly to another eligible retirement plan.

Only one indirect rollover may be made from an IRA, including traditional IRAs, Roth IRAs, SIMPLE-IRAs and SEP-IRAs, to another IRA in a 12-month period. The 12-month period begins on the date the IRA distribution is received. If a second indirect rollover is made during the 12-month period, the transaction may have adverse tax consequences. This rollover limitation does not apply to direct rollovers or a rollover between a retirement plan and an IRA.

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**Tax Penalties. <u>Premature Distribution Tax.</u>** Distributions from a 403(b) plan or IRA before the participant reaches age 59½ are generally subject to an additional tax equal to 10% of the taxable portion of the distribution. The 10% penalty tax does not apply to distributions: (i) made on or after the death of the employee; (ii) attributable to the employee's disability; (iii) which are part of a series of substantially equal periodic payments made (at least annually) for the life (or life expectancy) of the employee or the joint lives (or joint life expectancies) of the employee and a designated beneficiary and (except for IRAs) which begin after the employee terminates employment; (iv) made to an employee after termination of employment after reaching age 55; (v) made to pay for certain medical expenses; (vi) that are exempt withdrawals of an excess contribution; (vii) that are rolled over or transferred in accordance with Code requirements; (viii) made as a qualified reservist distribution; (ix) that are transferred pursuant to a decree of divorce or separate maintenance or written instrument incident to such a decree; (x) made in connection with the birth or adoption of a child, in limited circumstances; or (xi) made to terminally ill employees.

The exception to the 10% penalty tax described in item (iv) above is not applicable to IRAs. However, distributions from an IRA to unemployed individuals can be made without application of the 10% penalty tax to pay health insurance premiums in certain cases. There are two additional exceptions to the 10% penalty tax on withdrawals from IRAs before age 59½: withdrawals made to pay "qualified" higher education expenses and withdrawals made to pay certain "eligible first-time home buyer expenses." There may be additional exceptions to the 10% penalty tax (e.g., certain disaster relief distributions).

**<u>Minimum Distribution Tax.</u>** If the amount distributed from a Qualified Contract is less than the minimum required distribution for the year, the Participant is subject to a 25% tax on the amount that was not properly distributed, which is reduced to 10% if corrected within a two year correction period. The value of any enhanced death benefits or other optional Contract provisions may need to be taken into account when calculating the minimum required distribution. Consult a tax advisor.

**Withholding.** Periodic distributions (e.g., annuities and installment payments) from a Qualified Contract that will last for a period of ten or more years are generally subject to voluntary income tax withholding. The amount withheld on such periodic distributions is determined at the rate applicable to wages. The recipient of a periodic distribution may generally elect not to have withholding apply.

Eligible rollover distributions from a Qualified Plan (other than IRAs) are generally subject to mandatory 20% income tax withholding. However, no withholding is imposed if the distribution is transferred directly to another eligible retirement plan. Nonperiodic distributions from an IRA are subject to income tax withholding at a flat 10% rate. The recipient of such a distribution may elect not to have withholding apply.

The above description of the federal income tax consequences of the different types of Qualified Plans which may be funded by the Contract offered by this Prospectus is only a brief summary and is not intended as tax advice. The rules governing the provisions of Qualified Plans are extremely complex and often difficult to comprehend. Anything less than full compliance with the applicable rules, all of which are subject to change, may have adverse tax consequences. A prospective Owner considering adoption of a Qualified Plan and purchase of a Contract in connection therewith should first consult a qualified and competent tax adviser, with regard to the suitability of the Contract as an investment vehicle for the Qualified Plan.

**Other Tax Considerations —**

**Federal Estate, Gift, and Generation-Skipping Transfer Taxes.** While no attempt is being made to discuss in detail the Federal estate tax implications of the Contract, a purchaser should keep in mind that the value of an annuity contract owned by a decedent and payable to a beneficiary by virtue of surviving the decedent is included in the decedent's gross estate. Depending on the terms of the annuity contract, the value of the annuity included in the gross estate may be the value of the lump sum payment payable to the designated beneficiary or the actuarial value of the payments to be received by the beneficiary. Consult an estate planning advisor for more information.

Under certain circumstances, the Code may impose a "generation skipping transfer tax" ("GST") when all or part of an annuity contract is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Owner. Regulations issued under the Code may require the Company to deduct the tax from your Contract, or from any applicable payment, and pay it directly to the IRS.

The potential application of these taxes underscores the importance of seeking guidance from a qualified adviser to help ensure that your estate plan adequately addresses your needs and those of your beneficiaries under all possible scenarios.

**Annuity Purchases by Nonresident Aliens and Foreign Corporations.** The discussion above provides general information regarding U.S. federal income tax consequences to annuity purchasers that are U.S. citizens or residents. Purchasers that are not U.S. citizens or residents will generally be subject to U.S. federal withholding tax on taxable distributions from annuity contracts at a 30% rate, unless a lower treaty rate applies. In addition, such

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purchasers may be subject to state and/or municipal taxes and taxes that may be imposed by the purchaser's country of citizenship or residence. Additional withholding may occur with respect to entity purchasers (including foreign corporations, partnerships, and trusts) that are not U.S. residents. Prospective purchasers are advised to consult with a qualified tax adviser regarding U.S. state, and foreign taxation with respect to an annuity contract purchase.

**Foreign Tax Credits.** We may benefit from any foreign tax credits attributable to taxes paid by certain Funds to foreign jurisdictions to the extent permitted under Federal tax law.

**Medicare Tax.** Distributions from non-qualified annuity contracts are considered "investment income" for purposes of the Medicare tax on investment income. Thus, in certain circumstances, a 3.8% tax may be applied to some or all of the taxable portion of distributions (e.g. earnings) to individuals whose income exceeds certain threshold amounts. Please consult a tax advisor for more information.

**Possible Tax Changes.** From time to time, legislation has been proposed that would have adversely modified the federal taxation of certain annuities. There is always the possibility that the tax treatment of annuities could change by legislation or other means (such as IRS regulations, revenue rulings, and judicial decisions). Moreover, although unlikely, it is also possible that any legislative change could be retroactive (that is, effective prior to the date of such change). Consult a tax adviser with respect to legislative developments and their effect on the Contract. We have the right to modify the Contract in response to legislative changes that could otherwise diminish the favorable tax treatment that Owners currently receive. We make no guarantee regarding the tax status of any Contract and do not intend the above discussion to be considered tax advice.

**Other Information**

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**Voting of Underlying Fund Shares —** The Company is the legal owner of the shares of the Underlying Funds held by the Subaccounts. The Company will exercise voting rights attributable to the shares of each Underlying Fund held in the Subaccounts at any regular and special meetings of the shareholders of the Underlying Funds on matters requiring shareholder voting. In accordance with its view of presently applicable law, the Company will exercise its voting rights based on instructions received from persons having beneficial interest in corresponding Subaccounts. However, if the 1940 Act or any regulations thereunder should be amended, or if the present interpretation thereof should change, and as a result the Company determines that it is permitted to vote the shares of the Underlying Funds in its own right, it may elect to do so.

The person having the voting interest under a Contract is the Owner. Unless otherwise required by applicable law, the number of shares of a particular Underlying Fund as to which voting instructions may be given to the Company is determined by dividing your Contract Value in the corresponding Subaccount on a particular date by the net asset value per share of the Underlying Fund as of the same date. Fractional votes will be counted. The number of votes as to which voting instructions may be given will be determined as of the same date established by the Underlying Fund for determining shareholders eligible to vote at the meeting of the Underlying Fund. If required by the SEC, the Company reserves the right to determine in a different fashion the voting rights attributable to the shares of the Underlying Funds. Voting instructions may be cast in person or by proxy.

It is important that each Owner provide voting instructions to the Company because we vote all Underlying Fund shares proportionately in accordance with instructions received from Owners. This means that the Company will vote shares for which no timely voting instructions are received in the same proportion as those shares for which we do receive voting instructions. As a result, a small number of Owners may control the outcome of a vote. The Company will also exercise the voting rights from assets in each Subaccount that are not otherwise attributable to Owners, if any, in the same proportion as the voting instructions that are received in a timely manner for all Contracts participating in that Subaccount.

**Changes to Investments —** The Company reserves the right, subject to compliance with the law as then in effect, to make additions to, deletions from, or combinations of the securities that are held by the Separate Account or any Subaccount or that the Separate Account or any Subaccount may purchase. In addition, the Company reserves the right to substitute shares of any or all of the Underlying Funds in accordance with applicable law. In all cases, the Company will send you notice. For instance, the Company may seek to substitute shares of Underlying Funds should they no longer be available for investment, or if the Company's management believes further investment in shares of any Underlying Fund should become inappropriate in view of the purposes of the Contract. The Company may substitute shares of an Underlying Fund with the shares of another Underlying Fund or the shares of a fund not currently offered under the Contract. Substituted fund shares may have higher fees and

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expenses. The Company may also purchase, through the Subaccount, other securities for other classes of contracts, or permit a conversion between classes of contracts on the basis of requests made by Owners. The Company further reserves the right to close any Subaccount to future allocations.

The Company also reserves the right to establish additional Subaccounts of the Separate Account that would invest in a new Underlying Fund or in shares of another investment company, a series thereof, or other suitable investment vehicle. The Company may establish new Subaccounts in its sole discretion, and will determine whether to make any new Subaccount available to existing Owners. The Company may also eliminate or combine one or more Subaccounts to all or only certain classes of Owners if, in its sole discretion, marketing, tax, or investment conditions so warrant.

Subject to compliance with applicable law, the Company may transfer assets to the General Account. The Company also reserves the right, subject to any required regulatory approvals, to transfer assets of the Separate Account or any Subaccount to another separate account or Subaccount.

In the event of any such substitution or change, the Company may, by appropriate endorsement, make such changes in these and other contracts as may be necessary or appropriate to reflect such substitution or change. If the Company believes it to be in the best interests of persons having voting rights under the Contract, the Separate Account may be operated as a management investment company under the 1940 Act or any other form permitted by law. The Separate Account may be deregistered under the 1940 Act in the event such registration is no longer required, or it may be combined with other separate accounts of the Company or an affiliate thereof. Subject to compliance with applicable law, the Company also may establish a committee, board, or other group to manage one or more aspects of the operation of the Separate Account.

**Changes to Comply with Law and Amendments —** The Company reserves the right, without the consent of Owners, to suspend sales of the Contract as presently offered and to make any change to the provisions of the Contract to comply with, or give Owners the benefit of, any federal or state statute, rule, or regulation, including but not limited to requirements for annuity contracts and retirement plans under the Internal Revenue Code and regulations thereunder or any state statute or regulation.

**Reports to Owners —** The Company will send you annually a statement setting forth a summary of the transactions that occurred during the year, and indicating the Contract Value as of the end of each year. In addition, the statement will indicate the allocation of Contract Value among the Subaccounts and any other information required by law. The Company will also send confirmations upon Purchase Payments, transfers, and full and partial withdrawals. The Company may confirm certain transactions on a quarterly basis rather than at the time they occur. These transactions include purchases under an Automatic Investment Program, transfers under the Dollar Cost Averaging and Asset Reallocation Options, systematic withdrawals and annuity payments.

You will also receive an annual and semiannual shareholder report for those Underlying Funds corresponding to the Subaccounts to which you have allocated your Contract Value. The shareholder reports contain information required by federal securities laws and will also be available online at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=NRVA30033&template=fsblny.

**Electronic Privileges — If the Electronic Privileges section of the application or the proper form has been completed, signed, and received at the Company's Administrative Office**, you may (1) request a transfer of Contract Value and make changes in your Purchase Payment allocation and to an existing Dollar Cost Averaging or Asset Reallocation Option by telephone; (2) request a transfer of Contract Value electronically via facsimile; and (3) request a transfer of Contract Value through the Company's website. If you elect Electronic Privileges, you automatically authorize your financial representative to make transfers of Contract Value and changes in your Purchase Payment allocation or Dollar Cost Averaging or Asset Reallocation Option, on your behalf.

Any telephone or electronic device, whether it is the Company's, yours, your service provider's, or your registered representative's, can experience outages or slowdowns for a variety of reasons. These outages or slowdowns may delay or prevent the Company's processing of your transfer request. Although we have taken precautions to limit these problems, we cannot promise complete reliability under all circumstances. If you are experiencing problems, you should make your transfer request by writing to our Administrative Office.

The Company has established procedures to confirm that instructions communicated by telephone are genuine and will not be liable for any losses due to fraudulent or unauthorized instructions, provided it complies with its procedures. The Company's procedures require that any person requesting a transfer by telephone provide the account number and the Owner's tax identification number and such instructions must be received on a recorded line. The Company reserves the right to deny any telephone transfer request. If all telephone lines are busy (which

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might occur, for example, during periods of substantial market fluctuations) or are otherwise unavailable, you may not be able to request transfers by telephone and would have to submit written requests.

By authorizing telephone transfers, you authorize the Company to accept and act upon telephonic instructions for transfers involving your Contract. There are risks associated with telephone transactions that do not occur if a written request is submitted. Anyone authorizing or making telephone requests bears those risks. You agree that neither the Company nor any of its affiliates nor any Underlying Fund, will be liable for any loss, damages, cost, or expense (including attorneys' fees) arising out of any telephone requests, provided that the Company effects such request in accordance with its procedures. As a result of this policy on telephone requests, you bear the risk of loss arising from the telephone transfer privilege. The Company may discontinue, modify, or suspend the telephone transfer privilege at any time.

**Legal Proceedings —** The Company and its subsidiaries, like other life insurance companies, may be involved in lawsuits, including class action lawsuits. In some class action and other lawsuits involving insurers, substantial damages have been sought and/or material settlement payments have been made. Although the outcome of any litigation cannot be predicted with certainty, the Company believes that at the present time there are no legal proceedings pending or threatened to which the Company, the Separate Account, or SDL is a party that are reasonably likely to materially affect the Separate Account or the Company's ability to meet its obligations under the Contract, or SDL's ability to perform its contract with the Separate Account.

**Sale of the Contract —** The Company currently offers the Contract on a continuous basis. The Company anticipates continuing to offer the Contract but reserves the right to discontinue the offering.

**Principal Underwriter.** The Company has entered into a principal underwriting agreement with its affiliate, SDL, for the distribution and sale of the Contract. SDL's home office is located at One Security Benefit Place, Topeka, Kansas 66636-0001. SDL, a wholly-owned subsidiary of Security Benefit Life Insurance Company, an affiliate of the Company, is registered as a broker-dealer with the SEC under the Securities Exchange Act of 1934, as amended, and is a member of FINRA.

SDL does not sell the Contract directly to purchasers. The Contract is offered to the public through SDL's registered representatives, as well as through registered representatives of broker-dealers that have entered into selling agreements with SDL for the sale of the Contract (collectively, "Selling Broker-Dealers"). Registered representatives of SDL and of Selling Broker-Dealers must be licensed as insurance agents by New York insurance authorities and appointed as agents of the Company in order to sell the Contract. The Company pays commissions directly to SDL, as well as to Selling Broker-Dealers through SDL in connection with sales of the Contract. During fiscal years 2025, 2024, and 2023, the amounts paid to SDL in connection with all contracts sold through the Separate Account were $0, $0, and $0, respectively. SDL passes through commissions it receives either to the SDL registered representatives involved in the sales process or to the Selling Broker-Dealers for their sales of the Contract, as applicable. SDL does not retain any portion of commissions it receives as principal underwriter for the Contract. However, the Company (or an affiliate) pays some or all of SDL's operating and other expenses, including the following sales expenses: compensation and bonuses for SDL's management team, compensation and benefits for SDL's registered representatives, advertising expenses, and other expenses of distributing the Contract. The Company does not pay commissions to financial intermediaries who receive advisory fees from Contract owners because such intermediaries receive compensation in connection with the Contract in the form of those advisory fees.

**Selling Broker-Dealers.** The Company pays commissions to SDL and to Selling Broker-Dealers in connection with the promotion and sale of the Contract according to one or more schedules. A portion of any payments made to Selling Broker-Dealers may be passed on to their registered representatives in accordance with their internal compensation programs. Commissions and other incentives or payments described below are not charged directly to Owners or the Separate Account. The Company uses its corporate assets to pay commissions and other costs of distributing the Contract. Commissions and other incentives or payments described below are not charged directly to Owners of the Separate Account. The Company intends to recoup commissions and other sales expenses through fees and charges deducted under the Contract (including any profit from the mortality and expense risk charge or other fees and charges imposed under the Contract) or from its General Account.

**Compensation Paid to SDL Registered Representatives.** Registered representatives of SDL may assist potential Owners in purchasing a Contract, for example, by assisting with the Contract application. In addition to a base salary and customary employee benefits, these registered representatives may receive up to 0.60% of the Purchase Payments applied to a Contract sold in the region covered by the applicable registered representative. They also may be eligible for periodic bonus payments. SDL registered representatives may also receive non-cash

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compensation from the Company, including conferences, seminars and trips (including travel, lodging and meals in connection therewith), and entertainment, merchandise and other similar items.

**Compensation Paid to All Selling Broker-Dealers.** The Company pays compensation as a percentage of initial and subsequent Purchase Payments at the time it receives them, as a percentage of Contract Value on an ongoing basis, or a combination of both. While the amount and timing of compensation may vary depending on the selling agreement, the Company does not expect compensation to exceed 0.75% annually of aggregate Purchase Payments (if compensation is paid as a percentage of Purchase Payments) and/or 0.05% annually of average Contract Value (if compensation is paid as a percentage of Contract Value). The Company also pays non-cash compensation in connection with the sale of the Contract, including conferences, seminars and trips (including travel, lodging and meals in connection therewith), entertainment, merchandise and other similar items, in compliance with applicable regulatory requirements.

The registered representative who sells you the Contract typically receives a portion of the compensation the Company pays to his or her Selling Broker-Dealer, depending on the agreement between the Selling Broker-Dealer and your registered representative and the Selling Broker-Dealer's internal compensation program. These programs may include other types of cash and non-cash compensation and other benefits. **Ask your registered representative for further information about what he or she and the Selling Broker-Dealer for whom he or she works receive in connection with your purchase of a Contract.**

**Additional Compensation Paid to Selected Selling Broker-Dealers.** In addition to the commissions and non-cash compensation described above, the Company pays additional compensation to selected Selling Broker-Dealers. These payments include: (1) trail commissions or persistency payments, which are periodic payments based on contract values of the Company's variable insurance contracts (including Contract Values of the Contract) or other persistency standards; (2) preferred status fees (which may be in the form of a higher percentage of ordinary commission) paid to obtain preferred treatment of the Contract in Selling Broker-Dealers' marketing programs, including enhanced marketing services and increased access to their registered representatives; (3) one-time bonus payments for their participation in sales promotions with regard to the Contract; (4) periodic bonus payments calculated as a percentage of the average contract value of the Company's variable insurance contracts (including the Contract) sold by the Selling Broker-Dealer during the calendar year of payment; (5) sponsorship of or reimbursement of industry conference fees paid to help defray the costs of sales conferences and educational seminars put on by the Selling Broker-Dealers; and (6) reimbursement of Selling Broker-Dealers for expenses incurred by the Selling Broker-Dealer or its registered representatives in connection with client seminars or similar prospecting activities conducted to promote sales of the Contract.

These additional compensation arrangements are not offered to all Selling Broker-Dealers and the terms of such arrangements and the payments made thereunder can differ substantially among Selling Broker-Dealers. The payments may be significant and may be calculated in different ways for different Selling Broker-Dealers. These arrangements are designed to specially encourage the sale of the Company's products (and/or its affiliates' products) by such Selling Broker-Dealers. The prospect of receiving, or the receipt of, additional compensation may provide Selling Broker-Dealers and/or their registered representatives with an incentive to favor sales of the Contract over other variable annuity contracts (or other investments) with respect to which a Selling Broker-Dealer does not receive additional compensation or receives lower levels of additional compensation. You may wish to take such payment arrangements into account when considering and evaluating any recommendation relating to the Contract. **Ask your registered representative for further information about what he or she and the Selling Broker-Dealer for whom he or she works may receive in connection with your purchase of a Contract.**

**Additional Information**

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**Registration Statement —** A Registration Statement of which this Prospectus is a part has been filed with the SEC relating to the offering described in this Prospectus. This Prospectus does not include all the information included in the Registration Statement, certain portions of which, including the Statement of Additional Information, have been omitted pursuant to the rules and regulations of the SEC. The omitted information may be obtained at the SEC's principal office in Washington, DC, upon payment of any of the SEC's prescribed fees, and may also be obtained for free from the SEC's web site (<u>https://www.sec.gov</u>). You may also obtain the Statement of Additional Information by writing the Company at its Administrative Office, P.O. Box 750497, Topeka, Kansas 66675-0497 or by calling 1-800-888-2461. The Statement of Additional Information is also available online at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=NRVA30033&template=fsblny.

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**Financial Statements —** You can find financial statements for First Security Benefit Life Insurance and Annuity Company of New York and Subsidiaries and the Separate Account in the Statement of Additional Information, which is available online at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=NRVA30033&template=fsblny. To receive a copy of the Statement of Additional Information free of charge, call your investment professional or contact us at 1-800-888-2461.

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APPENDIX A

**Investment Options Available Under the Contract**

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**Underlying Funds —** The following is a list of Underlying Funds available under the Contract. More information about the Underlying Funds is available in the prospectuses for the Underlying Funds, which may be amended or updated from time to time, and can be found online at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=NRVA30033&template=fsblny. You can view, download, and print copies of Underlying Fund documents at this website. You can also request this information at no cost by calling 1-800-888-2461 or by sending an email request to FSBLProspectusRequests@securitybenefit.com.

The current expenses and performance information below reflect the fees and expenses of the Underlying Funds, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Underlying Fund's past performance is not necessarily an indication of future performance. Updated performance information is available online at https://www.fsbl.com/performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup>  | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup>  | **1 Year** | **5 Year** | **10 Year** |
| Mid Cap Value | AB Discovery Value – Class B<br> *Adviser:* AllianceBernstein L.P.<br>| 1.07% | 2.64% | 8.48% | 8.27% |
| Large Cap <br> Value<br>| AB Relative Value – Class B<br> *Adviser:* AllianceBernstein L.P.<br>| 0.86% | 10.20% | 11.15% | 10.30% |
| Global Equity | AB Sustainable Global Thematic – Class B<br> *Adviser:* AllianceBernstein L.P.<br>| 1.26% | 6.02% | 3.02% | 9.80% |
| Global <br> Allocation<br>| AB VPS Dynamic Asset Allocation – Class B<br> *Adviser:* AllianceBernstein L.P.<br>| 1.20% | 13.21% | 4.74% | 5.25% |
| Global Equity | AFIS Capital World Growth and Income – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 1.01% | 24.46% | 10.01% | 10.74% |
| Government <br> Bond<br>| AFIS U.S. Government Securities – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.84% | 7.54% | -0.49% | 1.45% |
| Large Cap <br> Blend<br>| AFIS Washington Mutual Investors – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.90% | 16.90% | 13.60% | 12.08% |
| Large Cap <br> Growth<br>| Alger Capital Appreciation – Class S<sup>2</sup> <br>*Adviser:* Fred Alger Management, LLC<br>| 1.19% | 32.51% | 16.04% | 17.86% |
| Large Cap <br> Growth<br>| Alger Large Cap Growth – Class I-2<br> *Adviser:* Fred Alger Management, LLC<br>| 0.89% | 30.27% | 11.12% | 16.73% |
| Mid Cap Blend | Allspring Opportunity VT – Class 2<br> *Adviser:* Allspring Funds Management, LLC<br> *Sub-Adviser:* Allspring Global Investments, LLC<br>| 1.08% | 6.71% | 8.94% | 11.85% |
| Large Cap <br> Growth<br>| Allspring VT Discovery All Cap Growth – Class 2<br> *Adviser:* Allspring Funds Management, LLC<br> *Sub-Adviser:* Allspring Global Investments, LLC<br>| 1.04% | 15.27% | 6.04% | 13.57% |
| Specialty-Sector | ALPS/Alerian Energy Infrastructure – Class III<br> *Adviser:* ALPS Advisors, Inc.<br>| 1.30% | 4.66% | 22.06% | 10.70% |
| Balanced/Asset <br> Allocation<br>| American Funds IS<sup>®</sup> Asset Allocation – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.79% | 15.59% | 8.70% | 9.50% |
| Global Bond | American Funds IS<sup>®</sup> Capital World Bond – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.98% | 9.03% | -2.76% | 0.97% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| International <br> Equity<br>| American Funds IS<sup>®</sup> EUPAC Fund<sup>TM</sup> – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 1.03% | 26.41% | 3.14% | 6.73% |
| Global Equity | American Funds IS<sup>®</sup> Global Growth – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 1.01% | 21.34% | 7.97% | 11.89% |
| Large Cap <br> Growth<br>| American Funds IS<sup>®</sup> Growth – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.83% | 19.93% | 13.09% | 17.67% |
| Large Cap <br> Blend<br>| American Funds IS<sup>®</sup> Growth-Income – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.78% | 17.77% | 13.62% | 13.63% |
| International <br> Equity<br>| American Funds IS<sup>®</sup> International Growth and Income – <br> Class 4<br> *Adviser:* Capital Research and Management Company<br>| 1.06% | 35.09% | 7.42% | 7.54% |
| Intermediate <br> Term Bond<br>| American Funds IS<sup>®</sup> Mortgage – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.89% | 8.32% | 0.06% | 1.43% |
| Emerging <br> Markets<br>| American Funds IS<sup>®</sup> New World – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 1.15% | 27.92% | 5.06% | 8.98% |
| Global Equity | American Funds IS<sup>®</sup> SMALLCAP World Fund<sup>®</sup> – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 1.20% | 14.33% | 0.23% | 6.96% |
| Large Cap <br> Blend<br>| BlackRock Advantage Large Cap Core V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.04% | 19.73% | 13.85% | 14.08% |
| Large Cap <br> Value<br>| BlackRock Basic Value V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.13% | 24.04% | 12.81% | 10.52% |
| Large Cap <br> Growth<br>| BlackRock Capital Appreciation V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.37% | 11.77% | 10.50% | 15.32% |
| Large Cap <br> Value<br>| BlackRock Equity Dividend V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.13% | 21.32% | 11.45% | 11.01% |
| Global <br> Allocation<br>| BlackRock Global Allocation V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br> *Sub-Adviser:* BlackRock (Singapore) Limited; BlackRock <br> International Limited<br>| 1.15% | 19.42% | 5.51% | 7.33% |
| High Yield Bond | BlackRock High Yield V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br> *Sub-Adviser:* BlackRock International Limited<br>| 0.89% | 9.09% | 4.57% | 6.07% |
| Large Cap <br> Growth<br>| BlackRock Large Cap Focus Growth V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.15% | 11.48% | 10.19% | 15.98% |
| Small Cap <br> Blend<br>| BNY Mellon IP Small Cap Stock Index – Service Class<br> *Adviser:* BNY Mellon Investment Adviser, Inc.<br>| 0.61% | 5.36% | 6.65% | 9.15% |
| Specialty-Sector | BNY Mellon IP Technology Growth – Service Class<br> *Adviser:* BNY Mellon Investment Adviser, Inc.<br> *Sub-Adviser:* Newton Investment Management North <br> America, LLC<br>| 1.07% | 27.87% | 8.96% | 16.97% |
| Large Cap <br> Blend<br>| BNY Mellon Stock Index – Service Class<br> *Adviser:* BNY Mellon Investment Adviser, Inc.<br> *Sub-Adviser:* Mellon Investments Corporation<br>| 0.52% | 17.23% | 13.83% | 14.23% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Blend<br>| BNY Mellon VIF Appreciation – Service Class<br> *Adviser:* BNY Mellon Investment Adviser, Inc.<br> *Sub-Adviser:* Fayez Sarofim & Co., LLC<br>| 1.10% | 9.78% | 9.08% | 12.63% |
| Global Equity | Dimensional VA Equity Allocation – Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors Ltd.; DFA <br> Australia Limited<br>| 0.48% | 19.94% | 12.23% | N/A |
| Global Bond | Dimensional VA Global Bond Portfolio – Institutional <br> Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors Ltd.; DFA <br> Australia Limited<br>| 0.21% | 4.35% | 1.38% | 1.81% |
| Global <br> Allocation<br>| Dimensional VA Global Moderate Allocation – <br> Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br>| 0.43% | 14.68% | 8.42% | 8.65% |
| International <br> Equity<br>| Dimensional VA International Small Portfolio – <br> Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors Ltd.; DFA <br> Australia Limited<br>| 0.39% | 36.99% | 8.89% | 8.68% |
| International <br> Equity<br>| Dimensional VA International Value Portfolio – <br> Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors Ltd.; DFA <br> Australia Limited<br>| 0.27% | 45.64% | 15.85% | 10.46% |
| Short Term <br> Bond<br>| Dimensional VA Short-Term Fixed Portfolio – Institutional <br> Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors Ltd.; DFA <br> Australia Limited<br>| 0.12% | 4.33% | 2.65% | 1.97% |
| Large Cap <br> Value<br>| Dimensional VA U.S. Large Value Portfolio – Institutional <br> Class<br> *Adviser:* Dimensional Fund Advisors LP<br>| 0.21% | 15.83% | 11.97% | 10.51% |
| Small Cap <br> Value<br>| Dimensional VA U.S. Targeted Value Portfolio – <br> Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br>| 0.29% | 8.95% | 13.60% | 11.00% |
| Large Value | Donoghue Forlines Dividend VIT Fund – Class 1<br> *Adviser:* Donoghue Forlines LLC<br>| 2.77% | 17.19% | 8.72% | 3.46% |
| Tactical <br> Allocation<br>| Donoghue Forlines Momentum VIT Fund – Class 1<br> *Adviser:* Donoghue Forlines LLC<br>| 1.56% | 23.52% | 12.83% | 9.23% |
| Mid Cap Value | DWS Small Mid Cap Value VIP – Class B<br> *Adviser:* DWS Investment Management Americas, Inc.<br>| 1.24% | 17.85% | 9.27% | 7.18% |
| Floating Rate <br> Bond<br>| Eaton Vance VT Floating-Rate Income - Initial Class<br> *Adviser:* Eaton Vance Management<br>| 1.19% | 3.95% | 4.64% | 4.43% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Intermediate <br> Government<br>| Federated Hermes Fund for U.S. Government Securities <br> II<br> *Adviser:* Federated Investment Management Company<br>| 1.02% | 6.80% | -0.84% | 1.06% |
| High Yield Bond | Federated Hermes High Income Bond II – Service Class<br> *Adviser:* Federated Investment Management Company<br>| 1.14% | 8.18% | 3.45% | 5.33% |
| Balanced/Asset <br> Allocation<br>| Fidelity<sup>®</sup> VIP Balanced – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.66% | 14.96% | 9.24% | 10.84% |
| Large Cap <br> Blend<br>| Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup> – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.79% | 21.24% | 15.08% | 15.49% |
| Small Cap <br> Blend<br>| Fidelity<sup>®</sup> VIP Disciplined Small Cap – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br>| 0.57% | 17.09% | 10.09% | 10.31% |
| Emerging <br> Markets<br>| Fidelity<sup>®</sup> VIP Emerging Markets – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited; FIL Investment Advisors; FIL Investment <br> Advisors (UK) Limited<br>| 1.12% | 40.79% | 5.62% | 10.66% |
| Large Cap <br> Growth<br>| Fidelity<sup>®</sup> VIP Growth & Income – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.72% | 21.21% | 15.83% | 13.56% |
| Large Cap <br> Growth<br>| Fidelity<sup>®</sup> VIP Growth Opportunities – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.81% | 21.73% | 11.04% | 19.64% |
| High Yield Bond | Fidelity<sup>®</sup> VIP High Income – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 1.07% | 10.31% | 4.00% | 5.34% |
| Large Cap <br> Blend<br>| Fidelity<sup>®</sup> VIP Index 500 – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* Geode Capital Management, LLC<br>| 0.34% | 17.48% | 14.03% | 14.42% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Intermediate <br> Term Bond<br>| Fidelity<sup>®</sup> VIP Investment Grade Bond – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.62% | 6.93% | -0.21% | 2.45% |
| Mid Cap Growth | Fidelity<sup>®</sup> VIP Mid Cap – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.80% | 11.49% | 9.83% | 10.31% |
| International <br> Equity<br>| Fidelity<sup>®</sup> VIP Overseas – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited; FIL Investment Advisors; FIL Investment <br> Advisors (UK) Limited<br>| 0.97% | 20.05% | 6.35% | 7.55% |
| Specialty-Sector | Fidelity<sup>®</sup> VIP Real Estate – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.85% | 2.90% | 3.98% | 3.61% |
| Multi-Sector <br> Bond<br>| Fidelity<sup>®</sup> VIP Strategic Income – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited; FIL Investment Advisors; FIL Investment <br> Advisors (UK) Limited<br>| 0.88% | 8.58% | 2.79% | 4.40% |
| Multi Cap <br> Growth<br>| Franklin DynaTech VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.88% | 18.13% | 9.09% | 14.08% |
| Large Cap <br> Value<br>| Franklin Growth and Income VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 1.04% | 16.90% | 11.90% | 11.12% |
| Balanced/Asset <br> Allocation<br>| Franklin Income VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.72% | 12.56% | 7.66% | 7.30% |
| Large Cap <br> Growth<br>| Franklin Large Cap Growth VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 1.11% | 7.22% | 6.83% | 12.87% |
| Global Equity | Franklin Mutual Global Discovery VIP Fund – Class 2<br> *Adviser:* Franklin Mutual Advisers, LLC<br>| 1.16% | 23.34% | 12.00% | 8.52% |
| Large Cap <br> Value<br>| Franklin Mutual Shares VIP Fund – Class 2<br> *Adviser:* Franklin Mutual Advisers, LLC<br>| 0.94% | 11.52% | 9.20% | 7.53% |
| Large Cap <br> Blend<br>| Franklin Rising Dividends VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.89% | 11.80% | 9.50% | 12.10% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Small Cap <br> Value<br>| Franklin Small Cap Value VIP Fund – Class 2<br> *Adviser:* Franklin Mutual Advisers, LLC<br>| 0.92% | 7.65% | 8.86% | 9.81% |
| Small Cap <br> Growth<br>| Franklin Small-Mid Cap Growth VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 1.09% | 2.52% | 1.03% | 9.89% |
| Multi-Sector <br> Bond<br>| Franklin Strategic Income VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 1.08% | 7.24% | 1.92% | 3.10% |
| Government <br> Bond<br>| Franklin U.S. Government Securities VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.79% | 6.69% | 0.02% | 1.14% |
| International <br> Equity<br>| Goldman Sachs VIT International Equity Insights – <br> Service Class<br> *Adviser:* Goldman Sachs Asset Management L.P.<br>| 1.37% | 38.15% | 10.80% | 7.96% |
| Large Cap <br> Value<br>| Goldman Sachs VIT Large Cap Value – Service Class<br> *Adviser:* Goldman Sachs Asset Management L.P.<br>| 1.08% | 10.60% | 11.00% | 9.34% |
| Mid Cap Growth | Goldman Sachs VIT Mid Cap Growth – Service Class<br> *Adviser:* Goldman Sachs Asset Management L.P.<br>| 1.49% | 7.36% | 4.67% | 11.58% |
| Mid Cap Value | Goldman Sachs VIT Mid Cap Value – Service Class<br> *Adviser:* Goldman Sachs Asset Management L.P.<br>| 1.09% | 9.13% | 9.77% | 9.75% |
| Small Cap <br> Blend<br>| Goldman Sachs VIT Small Cap Equity Insights – Service <br> Class<br> *Adviser:* Goldman Sachs Asset Management L.P.<br>| 1.13% | 15.82% | 10.19% | 10.57% |
| Large Cap <br> Growth<br>| Goldman Sachs VIT Strategic Growth – Service Class<br> *Adviser:* Goldman Sachs Asset Management L.P.<br>| 1.04% | 17.58% | 12.47% | 16.13% |
| Floating Rate <br> Bond<br>| Guggenheim VIF Floating Rate Strategies<br> *Adviser:* Guggenheim Partners Investment Management, <br> LLC<br>| 1.54% | 3.57% | 4.56% | 4.12% |
| Specialty | Guggenheim VIF Global Managed Futures Strategy<br> *Adviser:* Security Investors, LLC<br>| 2.32% | 3.65% | 3.94% | 1.27% |
| High Yield Bond | Guggenheim VIF High Yield<br> *Adviser:* Guggenheim Partners Investment Management, <br> LLC<br>| 1.57% | 6.84% | 4.16% | 5.55% |
| Specialty | Guggenheim VIF Multi-Hedge Strategies<br> *Adviser:* Security Investors, LLC<br>| 1.80% | 1.25% | 1.23% | 1.62% |
| Intermediate <br> Term Bond<br>| Guggenheim VIF Total Return Bond<br> *Adviser:* Guggenheim Partners Investment Management, <br> LLC<br>| 0.99% | 7.48% | -0.21% | 3.13% |
| Large Cap <br> Growth<br>| Invesco V.I. American Franchise – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.10% | 11.39% | 10.08% | 14.58% |
| Mid Cap Value | Invesco V.I. American Value – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.14% | 20.76% | 17.56% | 12.01% |
| Global <br> Allocation<br>| Invesco V.I. Balanced-Risk Allocation – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.60% | 8.69% | 2.27% | 4.91% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Value<br>| Invesco V.I. Comstock – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.00% | 17.14% | 15.14% | 11.67% |
| Large Cap <br> Blend<br>| Invesco V.I. Core Equity – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.05% | 15.88% | 12.52% | 11.46% |
| Mid Cap Growth | Invesco V.I. Discovery Mid Cap Growth – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.11% | 4.53% | 3.64% | 11.10% |
| Large Blend | Invesco V.I. Equally-Weighted S&P 500 – Series II<br> *Adviser:* Invesco Advisers, Inc.<br> *Sub-Adviser:* Invesco Capital Management LLC<br>| 0.59% | 10.82% | 9.89% | 11.11% |
| Balanced/Asset <br> Allocation<br>| Invesco V.I. Equity and Income – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 0.82% | 12.52% | 8.68% | 8.64% |
| International <br> Equity<br>| Invesco V.I. EQV International Equity – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.15% | 16.23% | 3.42% | 5.95% |
| Global Equity | Invesco V.I. Global – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.06% | 15.02% | 7.01% | 10.72% |
| Specialty-Sector | Invesco V.I. Global Real Estate – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.27% | 7.61% | 1.49% | 2.18% |
| Multi-Sector <br> Bond<br>| Invesco V.I. Global Strategic Income – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.21% | 12.75% | 1.39% | 2.76% |
| Government <br> Bond<br>| Invesco V.I. Government Securities – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 0.95% | 6.95% | -0.22% | 1.34% |
| Large Cap <br> Value<br>| Invesco V.I. Growth and Income – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.00% | 15.30% | 12.56% | 10.46% |
| Specialty-Sector | Invesco V.I. Health Care – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.24% | 15.08% | 3.54% | 6.31% |
| High Yield Bond | Invesco V.I. High Yield – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.17% | 6.35% | 3.40% | 4.55% |
| International <br> Equity<br>| Invesco V.I. International Growth Fund – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.43% | 15.53% | 1.88% | 5.34% |
| Mid Cap Blend | Invesco V.I. Main Street Mid Cap Fund<sup>®</sup> – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.19% | 8.96% | 8.83% | 9.08% |
| Small Cap <br> Blend<br>| Invesco V.I. Main Street Small Cap Fund<sup>®</sup> – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.09% | 8.44% | 8.07% | 10.31% |
| Speciality | Invesco V.I. S&P 500 Buffer Fund - December - Class II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.06% | 12.37% | N/A | N/A |
| Speciality | Invesco V.I. S&P 500 Buffer Fund - June - Class II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.05% | 13.35% | N/A | N/A |
| Speciality | Invesco V.I. S&P 500 Buffer Fund - March - Class II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.08% | 7.25% | N/A | N/A |
| Speciality | Invesco V.I. S&P 500 Buffer Fund - September - Class II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.04% | 12.63% | N/A | N/A |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Small Cap <br> Blend<br>| Invesco V.I. Small Cap Equity – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.21% | 7.83% | 7.06% | 9.28% |
| Mid Cap Growth | Janus Henderson VIT Enterprise – Service Class<br> *Adviser:* Janus Henderson Investors US LLC<br>| 0.97% | 7.41% | 7.35% | 12.51% |
| Large Cap <br> Growth<br>| Janus Henderson VIT Forty – Service Class<br> *Adviser:* Janus Henderson Investors US LLC<br>| 0.87% | 17.86% | 11.37% | 15.96% |
| Mid Cap Value | Janus Henderson VIT Mid Cap Value – Service Class<br> *Adviser:* Janus Henderson Investors US LLC<br>| 1.11% | 6.29% | 8.43% | 8.40% |
| International <br> Equity<br>| Janus Henderson VIT Overseas – Service Class<br> *Adviser:* Janus Henderson Investors US LLC<br>| 0.96% | 28.58% | 9.17% | 8.97% |
| Large Cap <br> Growth<br>| Janus Henderson VIT Research – Service Class<br> *Adviser:* Janus Henderson Investors US LLC<br>| 1.07% | 18.10% | 13.83% | 15.59% |
| Multi-Sector <br> Bond<br>| Lord Abbett Series Bond-Debenture VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 0.98% | 8.33% | 2.10% | 4.72% |
| Small Cap <br> Growth<br>| Lord Abbett Series Developing Growth VC – Class VC<sup>2</sup> <br>*Adviser:* Lord, Abbett & Co. LLC<br>| 1.27% | 14.59% | -1.17% | 11.03% |
| Large Cap <br> Blend<br>| Lord Abbett Series Dividend Growth VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 1.00% | 15.98% | 12.34% | 13.06% |
| Large Cap <br> Blend<br>| Lord Abbett Series Fundamental Equity VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 1.19% | 14.29% | 11.36% | 9.75% |
| Large Cap <br> Blend<br>| Lord Abbett Series Growth and Income VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 0.93% | 17.29% | 13.34% | 11.12% |
| Mid Cap Growth | Lord Abbett Series Growth Opportunities VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 1.15% | 12.94% | 3.23% | 10.41% |
| Mid Cap Value | Lord Abbett Series Mid Cap Stock VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 1.15% | 7.05% | 10.16% | 7.98% |
| Intermediate <br> Term Bond<br>| Lord Abbett Series Total Return VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 0.71% | 7.19% | 0.06% | 2.27% |
| Inflation-<br> Protected Bond<br>| LVIP American Century Inflation Protection – Service <br> Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 0.76% | 6.33% | 0.62% | 2.61% |
| International <br> Equity<br>| LVIP American Century International – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 1.20% | 15.81% | 1.71% | 6.27% |
| Mid Cap Value | LVIP American Century Mid Cap Value – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 1.03% | 8.83% | 8.72% | 8.96% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Value<br>| LVIP American Century Value – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 0.90% | 15.85% | 11.47% | 10.07% |
| Large Cap <br> Value<br>| LVIP Avantis Large Cap Value – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 0.99% | 14.56% | 8.51% | 10.12% |
| Intermediate <br> Core Bond<br>| LVIP JPMorgan Core Bond – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* J.P. Morgan Investment Management, Inc.<br>| 0.99% | 7.15% | -0.29% | 1.85% |
| Small Cap <br> Blend<br>| LVIP JPMorgan Small Cap Core – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* J.P. Morgan Investment Management, Inc.<br>| 0.88% | 10.00% | 6.13% | 8.66% |
| Large Cap <br> Blend<br>| LVIP JPMorgan U.S. Equity – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* J.P. Morgan Investment Management, Inc.<br>| 1.00% | 14.26% | 13.40% | 14.56% |
| Emerging <br> Markets<br>| MFS<sup>®</sup> VIT Emerging Markets Equity – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 2.14% | 33.35% | 4.11% | 7.65% |
| Global <br> Allocation<br>| MFS<sup>®</sup> VIT Global Tactical Allocation – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.13% | 15.21% | 4.60% | 5.40% |
| High Yield Bond | MFS<sup>®</sup> VIT High Yield – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.06% | 8.47% | 3.63% | 5.30% |
| Large Cap <br> Growth<br>| MFS<sup>®</sup> VIT II MA Investors Growth Stock – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.04% | 9.61% | 9.74% | 13.98% |
| International <br> Equity<br>| MFS<sup>®</sup> VIT II Research International – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.22% | 21.75% | 5.25% | 7.27% |
| International <br> Equity<br>| MFS<sup>®</sup> VIT International Intrinsic Value – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.16% | 32.96% | 7.02% | 9.68% |
| Large Cap <br> Blend<br>| MFS<sup>®</sup> VIT Investors Trust – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.07% | 13.32% | 11.06% | 12.21% |
| Small Cap <br> Growth<br>| MFS<sup>®</sup> VIT New Discovery – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.20% | 12.56% | -0.54% | 10.46% |
| Large Cap <br> Blend<br>| MFS<sup>®</sup> VIT Research – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.07% | 12.57% | 10.87% | 12.65% |
| Balanced/Asset <br> Allocation<br>| MFS<sup>®</sup> VIT Total Return – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 0.96% | 10.91% | 6.16% | 7.36% |
| Intermediate <br> Term Bond<br>| MFS<sup>®</sup> VIT Total Return Bond – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 0.79% | 6.94% | -0.09% | 2.38% |
| Specialty-Sector | MFS<sup>®</sup> VIT Utilities – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.04% | 14.76% | 7.38% | 9.22% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Emerging <br> Markets Bond<br>| Morgan Stanley VIF Emerging Markets Debt – Class II<br> *Adviser:* Morgan Stanley Investment Management, Inc.<br> *Sub-Adviser:* Morgan Stanley Investment Management <br> Limited<br>| 1.62% | 15.24% | 2.66% | 4.46% |
| Emerging <br> Markets<br>| Morgan Stanley VIF Emerging Markets Equity – Class II<br> *Adviser:* Morgan Stanley Investment Management, Inc.<br> *Sub-Adviser:* Morgan Stanley Investment Management <br> Company<br>| 1.53% | 32.90% | 4.32% | 7.21% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Aggressive Growth ETF Asset Allocation <br> Portfolio – Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment Management LLC<br>| 0.85% | 20.00% | 10.55% | 10.36% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Balanced ETF Asset Allocation Portfolio – <br> Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment Management LLC<br>| 0.84% | 14.82% | 6.61% | 7.25% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Conservative ETF Asset Allocation Portfolio <br> – Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment Management LLC<br>| 0.93% | 8.82% | 2.19% | 3.50% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Growth ETF Asset Allocation Portfolio – <br> Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment Management LLC<br>| 0.82% | 17.91% | 8.82% | 9.05% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Income and Growth ETF Asset Allocation <br> Portfolio – Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment Management LLC<br>| 0.88% | 11.70% | 4.43% | 5.46% |
| Multi Cap Value | NAA All Cap Value Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.15% | 12.87% | 11.12% | 10.40% |
| Large Cap <br> Value<br>| NAA Large Cap Value Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.05% | 14.16% | 12.15% | 10.88% |
| Large Cap <br> Blend<br>| NAA Large Core Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.16% | 16.43% | 13.65% | 14.25% |
| Large Cap <br> Growth<br>| NAA Large Growth Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.17% | 17.02% | 13.89% | 17.04% |
| Mid Cap Growth | NAA Mid Growth Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.18% | 2.17% | 4.48% | 10.63% |
| Small Cap <br> Value<br>| NAA Small Cap Value Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.29% | 3.30% | 8.47% | 7.65% |
| Small Cap <br> Growth<br>| NAA Small Growth Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.42% | 6.58% | 2.59% | 8.89% |
| Mid Cap Value | NAA SMid-Cap Value Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.18% | 7.35% | 9.30% | 9.97% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Global Equity | NAA World Equity Income Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.18% | 22.75% | 11.42% | 9.99% |
| Specialty | Neuberger Berman Quality Equity Portfolio – Class I<br> *Adviser:* Neuberger Berman Investment Advisers LLC<br>| 0.87% | 13.74% | 12.83% | 12.94% |
| Global <br> Allocation<br>| Nomura VIP Asset Strategy - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.04% | 16.66% | 7.07% | 7.84% |
| Balanced/Asset <br> Allocation<br>| Nomura VIP Balanced - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.08% | 11.79% | 7.85% | 8.38% |
| Large Cap <br> Growth<br>| Nomura VIP Core Equity - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.00% | 15.30% | 13.79% | 13.78% |
| Specialty-Sector | Nomura VIP Energy - Service Class<br> *Adviser:* Delaware Management Company<br> *Sub-Adviser:* Van Eck Associates Corporation<br>| 1.31% | 11.89% | 18.61% | 1.74% |
| Global Equity | Nomura VIP Global Growth - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.24% | 17.93% | 9.99% | 10.71% |
| Large Cap <br> Growth<br>| Nomura VIP Growth - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.01% | 8.41% | 11.89% | 15.40% |
| High Yield Bond | Nomura VIP High Income - Service Class<br> *Adviser:* Delaware Management Company<br> *Sub-Adviser:* Macquarie Investment Management Austria <br> Kapitalanlage AG; Macquarie Investment Management <br> Europe Limited, Macquarie Investment Management <br> Global Limited<br>| 0.97% | 7.17% | 3.73% | 5.56% |
| International <br> Equity<br>| Nomura VIP International Core Equity - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.18% | 24.17% | 7.83% | 6.62% |
| Short Term <br> Bond<br>| Nomura VIP Limited-Term Bond - Service Class<br> *Adviser:* Delaware Management Company<br> *Sub-Adviser:* Macquarie Investment Management Austria <br> Kapitalanlage AG; Macquarie Investment Management <br> Europe Limited, Macquarie Investment Management <br> Global Limited<br>| 0.87% | 4.70% | 1.75% | 2.12% |
| Mid Cap Growth | Nomura VIP Mid Cap Growth - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.17% | 1.18% | -0.08% | 10.66% |
| Specialty-Sector | Nomura VIP Natural Resources - Service Class<br> *Adviser:* Delaware Management Company<br> *Sub-Adviser:* Van Eck Associates Corporation; <br> Macquarie Investment Management Global Limited<br>| 1.29% | 37.75% | 15.73% | 6.94% |
| Specialty-Sector | Nomura VIP Science and Technology - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.15% | 33.36% | 13.71% | 17.20% |
| Small Cap <br> Growth<br>| Nomura VIP Small Cap Growth - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.21% | 13.39% | 2.20% | 8.69% |
| Small Cap <br> Blend<br>| Nomura VIP Smid Cap Core - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.20% | 8.39% | 8.07% | 9.91% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Value<br>| Nomura VIP Value - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.04% | 9.41% | 9.49% | 8.92% |
| Specialty | PIMCO VIT All Asset – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br> *Sub-Adviser:* Research Affiliates LLC<br>| 2.32% | 14.19% | 5.49% | 6.67% |
| Specialty-Sector | PIMCO VIT CommodityRealReturn Strategy – Advisor <br> Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 3.48% | 18.85% | 10.47% | 6.43% |
| Emerging <br> Markets Bond<br>| PIMCO VIT Emerging Markets Bond – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 1.27% | 14.86% | 2.34% | 4.96% |
| Global Bond | PIMCO VIT Global Bond Opportunities Portfolio <br> (Unhedged) – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 1.25% | 12.76% | 0.07% | 2.36% |
| Global <br> Allocation<br>| PIMCO VIT Global Managed Asset Allocation – Advisor <br> Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 1.51% | 21.77% | 6.94% | 7.88% |
| High Yield Bond | PIMCO VIT High Yield – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 0.91% | 8.85% | 3.87% | 5.47% |
| International <br> Bond<br>| PIMCO VIT International Bond Portfolio (Unhedged) – <br> Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 1.13% | 10.04% | -3.37% | 0.86% |
| Short Term <br> Bond<br>| PIMCO VIT Low Duration – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 0.76% | 5.42% | 1.47% | 1.69% |
| Inflation-<br> Protected Bond<br>| PIMCO VIT Real Return – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 1.49% | 7.74% | 1.11% | 3.11% |
| Short Term <br> Bond<br>| PIMCO VIT Short-Term – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 0.75% | 4.57% | 3.14% | 2.65% |
| Intermediate <br> Term Bond<br>| PIMCO VIT Total Return – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 0.83% | 8.78% | -0.08% | 2.26% |
| Multi Cap Blend | Putnam VT Core Equity – Class IB<br> *Adviser:* Putnam Investment Management, LLC<br> *Sub-Adviser:* Franklin Advisers, Inc.; Franklin Templeton <br> Investment Management Limited<br>| 0.92% | 16.81% | 15.96% | 15.20% |
| Multi-Sector <br> Bond<br>| Putnam VT Diversified Income – Class IB<br> *Adviser:* Franklin Advisers, Inc.<br> *Sub-Adviser:* Putnam Investment Management, LLC; <br> Franklin Templeton Investment Management Limited<br>| 1.05% | 8.58% | 1.81% | 3.03% |
| Global <br> Allocation<br>| Putnam VT Global Asset Allocation – Class IB<br> *Adviser:* Franklin Advisers, Inc.<br> *Sub-Adviser:* Putnam Investment Management, LLC; <br> Franklin Templeton Investment Management Limited; <br> The Putnam Advisory Company, LLC<br>| 1.11% | 14.38% | 8.39% | 8.43% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| High Yield Bond | Putnam VT High Yield – Class IB<br> *Adviser:* Franklin Advisers, Inc.<br> *Sub-Adviser:* Putnam Investment Management, LLC; <br> Franklin Templeton Investment Management Limited<br>| 0.96% | 8.67% | 4.05% | 5.70% |
| Intermediate <br> Term Bond<br>| Putnam VT Income – Class IB<br> *Adviser:* Franklin Advisers, Inc.<br> *Sub-Adviser:* Putnam Investment Management, LLC; <br> Franklin Templeton Investment Management Limited<br>| 0.82% | 7.25% | -1.13% | 1.89% |
| Large Cap <br> Growth<br>| Putnam VT Large Cap Growth – Class IB<br> *Adviser:* Putnam Investment Management, LLC<br> *Sub-Adviser:* Franklin Advisers, Inc.; Franklin Templeton <br> Investment Management Limited<br>| 0.87% | 14.34% | 13.44% | 17.66% |
| Large Cap <br> Value<br>| Putnam VT Large Cap Value – Class IB<br> *Adviser:* Putnam Investment Management, LLC<br> *Sub-Adviser:* Franklin Advisers, Inc.; Franklin Templeton <br> Investment Management Limited<br>| 0.79% | 20.35% | 15.38% | 13.30% |
| Small Cap <br> Growth<br>| Putnam VT Small Cap Growth – Class IB<br> *Adviser:* Putnam Investment Management, LLC<br> *Sub-Adviser:* Franklin Advisers, Inc.; Franklin Templeton <br> Investment Management Limited<br>| 1.17% | 8.80% | 6.18% | 11.45% |
| Specialty-Sector | Rydex VIF Banking<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 23.74% | 11.69% | 8.98% |
| Specialty-Sector | Rydex VIF Basic Materials<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 32.89% | 9.42% | 11.58% |
| Specialty-Sector | Rydex VIF Biotechnology<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 30.12% | 3.55% | 5.42% |
| Specialty-Sector | Rydex VIF Commodities Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.96% | 4.89% | 12.80% | 4.76% |
| Specialty-Sector | Rydex VIF Consumer Products<br> *Adviser:* Security Investors, LLC<br>| 1.84% | -3.52% | 1.32% | 3.80% |
| Specialty | Rydex VIF Dow 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.95% | 19.49% | 14.77% | 18.17% |
| Specialty-Sector | Rydex VIF Electronics<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 41.49% | 18.80% | 23.66% |
| Specialty-Sector | Rydex VIF Energy<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 7.51% | 19.52% | 4.64% |
| Specialty-Sector | Rydex VIF Energy Services<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 1.74% | 10.39% | -5.65% |
| International <br> Equity<br>| Rydex VIF Europe 1.25x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.97% | 36.46% | 10.40% | 7.59% |
| Specialty-Sector | Rydex VIF Financial Services<br> *Adviser:* Security Investors, LLC<br>| 1.88% | 10.76% | 11.31% | 9.88% |
| Government <br> Bond<br>| Rydex VIF Government Long Bond 1.2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.51% | 1.67% | -13.64% | -3.35% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Specialty-Sector | Rydex VIF Health Care<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 14.07% | 4.64% | 7.44% |
| High Yield Bond | Rydex VIF High Yield Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.80% | 9.87% | 3.52% | 4.77% |
| Specialty-Sector | Rydex VIF Internet<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 18.50% | 2.54% | 11.93% |
| Specialty | Rydex VIF Inverse Dow 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.94% | -20.69% | -18.02% | -25.05% |
| Specialty | Rydex VIF Inverse Government Long Bond Strategy<br> *Adviser:* Security Investors, LLC<br>| 5.82% | 1.85% | 12.87% | 1.41% |
| Specialty | Rydex VIF Inverse Mid-Cap Strategy<br> *Adviser:* Security Investors, LLC<br>| 2.03% | -5.11% | -7.51% | -10.94% |
| Specialty | Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.98% | -16.18% | -13.53% | -17.67% |
| Specialty | Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.98% | -9.58% | -6.24% | -11.19% |
| Specialty | Rydex VIF Inverse S&P 500 Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.94% | -11.76% | -10.49% | -12.91% |
| International <br> Equity<br>| Rydex VIF Japan 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.73% | 51.54% | 0.16% | 9.51% |
| Specialty-Sector | Rydex VIF Leisure<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 8.47% | 2.50% | 7.27% |
| Mid Cap Blend | Rydex VIF Mid-Cap 1.5x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.92% | 5.04% | 8.37% | 11.16% |
| Large Cap <br> Growth<br>| Rydex VIF NASDAQ-100<sup>®</sup><br> *Adviser:* Security Investors, LLC<br>| 1.83% | 19.04% | 13.32% | 17.60% |
| Large Cap <br> Growth<br>| Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 2.00% | 29.24% | 18.83% | 29.69% |
| Large Cap <br> Blend<br>| Rydex VIF Nova<br> *Adviser:* Security Investors, LLC<br>| 1.80% | 20.87% | 16.53% | 17.73% |
| Specialty-Sector | Rydex VIF Precious Metals<br> *Adviser:* Security Investors, LLC<br>| 1.73% | 147.37% | 17.52% | 21.08% |
| Specialty-Sector | Rydex VIF Real Estate<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 2.88% | 3.02% | 4.00% |
| Specialty-Sector | Rydex VIF Retailing<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 10.18% | 4.22% | 9.18% |
| Small Cap <br> Blend<br>| Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.99% | 12.47% | 3.43% | 9.25% |
| Small Cap <br> Blend<br>| Rydex VIF Russell 2000<sup>®</sup> 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.98% | 12.07% | 1.43% | 9.07% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Blend<br>| Rydex VIF S&P 500 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 2.00% | 25.28% | 19.77% | 21.33% |
| Large Cap <br> Growth<br>| Rydex VIF S&P 500 Pure Growth<br> *Adviser:* Security Investors, LLC<br>| 1.74% | 11.75% | 6.62% | 10.34% |
| Large Cap <br> Value<br>| Rydex VIF S&P 500 Pure Value<br> *Adviser:* Security Investors, LLC<br>| 1.74% | 16.02% | 12.00% | 8.64% |
| Mid Cap Growth | Rydex VIF S&P MidCap 400 Pure Growth<br> *Adviser:* Security Investors, LLC<br>| 1.74% | 7.18% | 4.39% | 6.85% |
| Mid Cap Value | Rydex VIF S&P MidCap 400 Pure Value<br> *Adviser:* Security Investors, LLC<br>| 1.74% | 6.12% | 12.00% | 10.60% |
| Small Cap <br> Growth<br>| Rydex VIF S&P SmallCap 600 Pure Growth<br> *Adviser:* Security Investors, LLC<br>| 1.74% | 8.59% | 2.89% | 6.53% |
| Small Cap <br> Value<br>| Rydex VIF S&P SmallCap 600 Pure Value<br> *Adviser:* Security Investors, LLC<br>| 1.74% | 6.77% | 12.03% | 7.65% |
| Specialty | Rydex VIF Strengthening Dollar 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 2.14% | -14.29% | 6.16% | 1.80% |
| Specialty-Sector | Rydex VIF Technology<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 25.70% | 12.27% | 18.37% |
| Specialty-Sector | Rydex VIF Telecommunications<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 31.13% | 5.45% | 6.64% |
| Specialty-Sector | Rydex VIF Transportation<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 11.79% | 2.32% | 8.06% |
| Money Market | Rydex VIF U.S. Government Money Market<br> *Adviser:* Security Investors, LLC<br>| 1.49% | 2.84% | 2.22% | 1.26% |
| Specialty-Sector | Rydex VIF Utilities<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 17.07% | 8.56% | 8.60% |
| Specialty | Rydex VIF Weakening Dollar 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 2.14% | 18.97% | -5.72% | -2.86% |
| Large Cap <br> Growth<br>| T. Rowe Price Blue Chip Growth – Class II<br> *Adviser:* T. Rowe Price Associates, Inc.<br>| 1.00% | 18.43% | 11.41% | 15.25% |
| Large Cap <br> Value<br>| T. Rowe Price Equity Income – Class II<br> *Adviser:* T. Rowe Price Associates, Inc.<br>| 0.99% | 14.07% | 10.89% | 10.24% |
| Specialty-Sector | T. Rowe Price Health Sciences – Class II<br> *Adviser:* T. Rowe Price Associates, Inc.<br>| 1.11% | 17.80% | 3.86% | 8.70% |
| Short Term <br> Bond<br>| T. Rowe Price Limited-Term Bond – Class II<br> *Adviser:* T. Rowe Price Associates, Inc.<br>| 0.85% | 5.46% | 1.91% | 2.09% |
| Emerging <br> Markets<br>| Templeton Emerging Markets VIP Fund – Class 2<br> *Adviser:* Templeton Asset Management Ltd<br> *Sub-Adviser:* Franklin Templeton Investment <br> Management Limited<br>| 1.37% | 46.27% | 5.46% | 10.40% |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| International <br> Equity<br>| Templeton Foreign VIP Fund – Class 2<br> *Adviser:* Templeton Investment Counsel, LLC<br>| 1.09% | 29.19% | 8.25% | 5.75% |
| Global Bond | Templeton Global Bond VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.78% | 15.73% | -0.96% | -0.15% |
| Global Equity | Templeton Growth VIP Fund – Class 2<br> *Adviser:* Templeton Global Advisors Limited<br>| 1.19% | 23.83% | 7.95% | 7.04% |
| World Large <br> Stock<br>| Third Avenue Value<br> *Adviser:* Third Avenue Management LLC<br>| 1.38% | 34.85% | 17.68% | 9.66% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Aggressive ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 0.79% | 18.53% | 9.15% | 9.99% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Balanced ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 0.79% | 12.59% | 5.26% | 6.10% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Conservative ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 0.81% | 9.76% | 4.09% | 4.77% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Managed Risk Balanced ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 1.01% | 7.85% | -1.85% | 1.85% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Managed Risk Moderate ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 1.00% | 10.50% | 3.15% | 4.73% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Managed Risk Moderately Aggressive ETF – <br> Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 1.00% | 11.58% | 5.25% | 5.93% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Moderate ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 0.78% | 14.87% | 6.66% | 7.63% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Moderately Aggressive ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 0.79% | 17.74% | 8.30% | 9.12% |
| Specialty-Sector | VanEck VIP Global Gold – Class S<br> *Adviser:* Van Eck Associates Corporation<br>| 1.47% | 164.43% | 20.00% | 20.89% |
| Specialty-Sector | VanEck VIP Global Resources – Class S<br> *Adviser:* Van Eck Associates Corporation<br>| 1.32% | 36.17% | 10.24% | 8.06% |
| Balanced/Asset <br> Allocation<br>| Vanguard<sup>®</sup> VIF Balanced<br> *Adviser:* Wellington Management Company LLP<br>| 0.20% | 16.46% | 9.29% | 10.03% |
| Large Cap <br> Growth<br>| Vanguard<sup>®</sup> VIF Capital Growth<br> *Adviser:* PRIMECAP Management Company<br>| 0.34% | 28.98% | 13.97% | 14.96% |
| Asset <br> Allocation/<br> Lifestyle<br>| Vanguard<sup>®</sup> VIF Conservative Allocation<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.12% | 12.73% | 4.22% | 6.14% |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Value<br>| Vanguard<sup>®</sup> VIF Diversified Value<br> *Adviser:* Aristotle Capital Management, LLC; Harris <br> Associates L.P.; Hotchkis and Wiley Capital <br> Management, LLC<br>| 0.28% | 16.83% | 13.24% | 11.76% |
| Large Cap <br> Value<br>| Vanguard<sup>®</sup> VIF Equity Income<br> *Adviser:* Wellington Management Company LLP; The <br> Vanguard Group, Inc.<br>| 0.29% | 16.80% | 12.59% | 11.52% |
| Large Cap <br> Blend<br>| Vanguard<sup>®</sup> VIF Equity Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.14% | 17.70% | 14.27% | 14.66% |
| Global Bond | Vanguard<sup>®</sup> VIF Global Bond Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.13% | 5.69% | -0.41% | N/A |
| Large Cap <br> Growth<br>| Vanguard<sup>®</sup> VIF Growth<br> *Adviser:* Wellington Management Company LLP<br>| 0.36% | 16.89% | 11.36% | 15.58% |
| High Yield Bond | Vanguard<sup>®</sup> VIF High Yield Bond<br> *Adviser:* Wellington Management Company LLP; The <br> Vanguard Group, Inc.<br>| 0.24% | 9.18% | 4.05% | 5.62% |
| International <br> Equity<br>| Vanguard<sup>®</sup> VIF International<br> *Adviser:* Baillie Gifford Overseas Ltd; Schroder <br> Investment Management North America Inc.<br>| 0.32% | 19.97% | 0.62% | 10.48% |
| Mid Cap Blend | Vanguard<sup>®</sup> VIF Mid-Cap Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.17% | 11.54% | 8.46% | 10.77% |
| Asset <br> Allocation/<br> Lifestyle<br>| Vanguard<sup>®</sup> VIF Moderate Allocation<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.12% | 16.19% | 6.51% | 8.14% |
| Specialty-Sector | Vanguard<sup>®</sup> VIF Real Estate Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.26% | 3.11% | 4.51% | 5.08% |
| Short Term <br> Bond<br>| Vanguard<sup>®</sup> VIF Short Term Investment Grade<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.14% | 6.85% | 2.23% | 2.81% |
| Small Cap <br> Growth<br>| Vanguard<sup>®</sup> VIF Small Company Growth<sup>2</sup> <br>*Adviser:* ArrowMark Colorado Holdings, LLC; The <br> Vanguard Group, Inc.<br>| 0.29% | 6.11% | 3.81% | 9.61% |
| Intermediate <br> Term Bond<br>| Vanguard<sup>®</sup> VIF Total Bond Market Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.14% | 6.94% | -0.51% | 1.90% |
| International <br> Equity<br>| Vanguard<sup>®</sup> VIF Total International Stock Market Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.08% | 32.04% | 7.88% | N/A |
| Large Cap <br> Blend<br>| Vanguard<sup>®</sup> VIF Total Stock Market Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.13% | 16.93% | 12.98% | 14.10% |
| Intermediate <br> Term Bond<br>| Victory Pioneer Bond VCT – Class II<br> *Adviser:* Victory Capital Management Inc.<br>| 1.17% | 8.88% | 0.51% | 2.59% |
| Large Cap <br> Value<br>| Victory Pioneer Equity Income VCT - Class II<br> *Adviser:* Victory Capital Management Inc.<br>| 1.05% | 11.14% | 8.81% | 9.11% |
| High Yield Bond | Victory Pioneer High Yield VCT - Class II<br> *Adviser:* Victory Capital Management Inc.<br>| 1.36% | 7.92% | 3.95% | 5.16% |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Multi-Sector <br> Bond<br>| Victory Pioneer Strategic Income VCT - Class II<br> *Adviser:* Victory Capital Management Inc.<br>| 1.96% | 10.85% | 1.99% | 3.64% |
| Specialty-Sector | Virtus Duff & Phelps Real Estate Securities Series – <br> Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Duff & Phelps Investment Management Co.<br>| 1.19% | 0.72% | 6.06% | 5.95% |
| Small Cap <br> Growth<br>| Virtus KAR Small-Cap Growth Series – Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Kayne Anderson Rudnick Investment <br> Management LLC<br>| 1.33% | -22.62% | -5.76% | 11.33% |
| Multi-Sector <br> Bond<br>| Virtus Newfleet Multi-Sector Intermediate Bond Series – <br> Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Newfleet Asset Management<br>| 0.98% | 7.58% | 2.52% | 4.23% |
| International <br> Equity<br>| Virtus SGA International Growth Series – Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Sustainable Growth Advisers, LP<br>| 1.21% | 9.26% | 1.42% | 4.10% |
| Balanced/Asset <br> Allocation<br>| Virtus Tactical Allocation Series – Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Kayne Anderson Rudnick Investment <br> Management, LLC<br>| 1.07% | 6.79% | 2.09% | 7.77% |
| Mid Cap Growth | Voya MidCap Opportunities Portfolio – Class S2<br> *Adviser:* Voya Investments, LLC<br> *Sub-Adviser:* Voya Investment Management Co. LLC<br>| 1.47% | 3.49% | 4.14% | 10.53% |
| Specialty-Sector | VY<sup>®</sup> CBRE Global Real Estate Portfolio – Class S2<br> *Adviser:* Voya Investments, LLC<br> *Sub-Adviser:* CBRE Investment Management Listed Real <br> Assets, LLC<br>| 1.52% | 6.35% | 3.60% | 3.57% |
| Specialty-Sector | VY<sup>®</sup> Columbia Real Estate Portfolio – Class S2<br> *Adviser:* Voya Investments, LLC<br> *Sub-Adviser:* Columbia Management Investment <br> Advisers, LLC<br>| 1.40% | -0.10% | 5.51% | 4.64% |
| High Yield Bond | Western Asset Variable Global High Yield Bond – Class <br> II<br> *Adviser:* Franklin Templeton Fund Adviser, LLC<br> *Sub-Adviser:* Western Asset Management Company, <br> LLC; Western Asset Management Company Limited <br> (London); Western Asset Management Company Pte. <br> Ltd. (Singapore)<br>| 1.06% | 9.95% | 2.34% | 5.09% |
| 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements |
| 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. |

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**Optional Rider Investment Restrictions**

------

The optional rider is not subject to investment restrictions.

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

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The Statement of Additional Information (SAI) contains additional information about the Contract, us, and the Separate Account, including financial statements. The SAI is dated the same date as this Prospectus and the SAI is incorporated by reference into this Prospectus. You may request a free copy of the SAI or submit inquiries about the Contract by writing the Company at its Administrative Office, P.O. Box 750497, Topeka, KS 66675-0497, by calling 1-800-888-2461 or by visiting us online at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=NRVA30033&template=fsblny.

You may also obtain reports and other information about the Separate Account on the SEC's website at www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

EDGAR Contract Identifier C000098566

------

![](g282057cover_ny.jpg)

**Prospectus**

May 1, 2026

ELITEDESIGNS<sup>®</sup> II VARIABLE ANNUITY

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Important Privacy <br> Notice Included<br>

Variable annuity contracts issued by

First Security Benefit Life Insurance and Annuity Company of New York

and offered by Security Distributors, LLC

32-70130-04 2026/05/01

**V7013D (COMM)**

------

**ELITEDESIGNS**<sup>®</sup> **II VARIABLE ANNUITY**

**Individual Flexible Purchase Payment Deferred Variable Annuity Contract**

**Variable Annuity Account A**

---

| | |
|:---|:---|
| **Issued By:** | **Mailing Address:** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **First Security Benefit Life Insurance** <br> **and Annuity Company of New York**<br> **121 State Street**<br> **Albany, New York 12207**<br> **1-800-355-4570**<br> **www.fsbl.com**<br>| **First Security Benefit Life Insurance** <br> **and Annuity Company of New York**<br> **P.O. Box 750497**<br> **Topeka, Kansas 66675-0497**<br>|

---

------

This Prospectus describes the EliteDesigns II Variable Annuity—an Individual Flexible Purchase Payment Deferred Variable Annuity Contract (the "Contract") offered by First Security Benefit Life Insurance and Annuity Company of New York (the "Company"). The Contract is available for individuals as a non-tax qualified contract. The Contract is also available for individuals in connection with a retirement plan qualified under Section 408 or 408A of the Internal Revenue Code. The Contract may be available through third-party financial intermediaries who charge an advisory fee for their services. This fee is in addition to Contract fees and expenses. If you elect to pay the advisory fee from your Contract Value, then this deduction will reduce death benefits and other guaranteed benefits, perhaps significantly, and may be subject to federal and state income taxes and a 10% federal penalty tax. The Contract is designed to give you flexibility in planning for retirement and other financial goals. This Prospectus is used with both prospective purchasers and current Owners.

The Contract is a complex investment and involves risks, including potential loss of principal. The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in surrender charges, taxes, and tax penalties.

You may allocate your Purchase Payments and Contract Value to one or more of the Subaccounts that comprise a separate account of the Company, called Variable Annuity Account A (the "Separate Account"). Each Subaccount invests in a corresponding mutual fund (each, an "Underlying Fund"). More information about the Underlying Funds currently available under the Contract is available in Appendix A to this Prospectus (entitled "Investment Options Available Under the Contract").

This Prospectus sets forth information about the Contract and the Separate Account that you should know before purchasing the Contract. Our obligations under the Contract are subject to our financial strength and claims-paying ability. This Prospectus should be kept for future reference. **Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.**

**If you are a new investor in the Contract, you may cancel your Contract within 10 days of receiving it without paying fees or penalties. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your total Contract Value. You should review this Prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.**

---

| |
|:---|
| **The Securities and Exchange Commission ("SEC") has not approved or disapproved these securities or** <br> **determined if this Prospectus is truthful or complete. Any representation to the contrary is a criminal offense.**<br>|
| **The Contract is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance** <br> **Corporation or any other government agency. The value of your Contract can go up and down and you could** <br> **lose money.**<br>|
| **Date: May 1, 2026** |

---

V7013D (COMM)

Protected by U.S. Patent No. 7,251,623 B1.

32-70130-04 2026/05/01

------

**Table of Contents**

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---

| | |
|:---|:---|
|  | Page |
| **Definitions** | **4**  |
| **[Overview of the Contract](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_2)** | **5**  |
| [Purpose of the Contract](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_2) | 5  |
| [Phases of the Contract](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_2) | 5  |
| [Contract Features](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_3) | 6  |
| [Additional Services](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_3) | 6  |
| **[Important Information You Should](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_3)**<br> **[Consider About the Contract](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_3)**<br>| **6**  |
| **[Fee Table](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_6)** | **9**  |
| [Transaction Expenses](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_6) | 9  |
| [Annual Contract Expenses](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_6) | 9  |
| [Annual Underlying Fund Expenses](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_7) | 10  |
| [Examples](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_7) | 10  |
| **[Principal Risks of Investing in the](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_7)**<br> **[Contract](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_7)**<br>| **10**  |
| [Risk of Investment Loss](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_7) | 10  |
| [Short-Term Investment Risk/Withdrawal Risk](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_7) | 10  |
| [Subaccount Risk](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_7) | 10  |
| [Managed Volatility Fund Risk](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_8) | 11  |
| [Purchase Payment Risk](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_8) | 11  |
| [Financial Strength and Claims-Paying Ability](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_8)<br> [Risk](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_8)<br>| 11  |
| [Business Disruption and Cybersecurity Risk](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_8) | 11  |
| [Tax Consequences Risk](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_8) | 11  |
| [Advisory Fee Deduction Risk](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_8) | 11  |
| [Contract Changes Risk](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_8) | 11  |
| **[Information About the Company, the](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_8)**<br> **[Separate Account, and the](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_8)**<br> **[Underlying Funds](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_8)**<br>| **11**  |
| [First Security Benefit Life Insurance and](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_8)<br> [Annuity Company of New York](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_8)<br>| 11  |
| [Published Ratings](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_9) | 12  |
| [Separate Account](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_9) | 12  |
| [Underlying Funds](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_9) | 12  |
| **[Charges and Deductions](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_11)** | **14**  |
| <u>[Transaction Expenses](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_11)</u> | 14  |
| [Premium Tax Charge](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_11) | 14  |
| [Deduction of Advisory Fees](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_12) | 15  |
| <u>[Annual Contract Expenses](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_12)</u> | 15  |
| [Mortality and Expense Risk Charge](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_12) | 15  |
| [Administration Charge](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_13) | 16  |
| [Other Charges](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_13) | 16  |
| [Variations in Charges](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_13) | 16  |
| [Return of Premium Death Benefit Rider](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_13)<br> [Charge](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_13)<br>| 16  |

---

---

| | |
|:---|:---|
|  | Page |
| [Underlying Fund Expenses](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_14) | 17  |
| [Payment of Compensation](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_14) | 17  |
| **[The Contract](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_14)** | **17**  |
| [General](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_14) | 17  |
| [Important Information About Your Benefits](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_14)<br> [Under the Contract](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_14)<br>| 17  |
| [Application for a Contract](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_15) | 18  |
| [Purchase Payments](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_15) | 18  |
| [Allocation of Purchase Payments](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_16) | 19  |
| [Dollar Cost Averaging Option](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_17) | 20  |
| [Asset Reallocation Option](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_18) | 21  |
| [Transfers of Contract Value](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_19) | 22  |
| [Contract Value](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_24) | 27  |
| [Determination of Contract Value](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_24) | 27  |
| [Cut-Off Times](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_25) | 28  |
| [Full and Partial Withdrawals](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_26) | 29  |
| [Withdrawals to Pay Advisory Fees](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_27) | 30  |
| [Systematic Withdrawals](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_27) | 30  |
| [Free-Look Right](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_27) | 30  |
| [Death Benefit](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_27) | 30  |
| [Distribution Requirements](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_29) | 32  |
| [Death of the Annuitant](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_29) | 32  |
| **[Benefits Under the Contract](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_30)** | **33**  |
| [Optional Riders](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_31) | 34  |
| [Return of Premium Death Benefit](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_31) | 34  |
| **[Annuity Period](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_32)** | **35**  |
| [General](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_32) | 35  |
| [Annuity Options](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_33) | 36  |
| [Selection of an Option](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_34) | 37  |
| **[More About the Contract](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_35)** | **38**  |
| [Ownership](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_35) | 38  |
| [Designation and Change of Beneficiary](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_35) | 38  |
| [Dividends](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_35) | 38  |
| [Payments from the Separate Account](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_35) | 38  |
| [Proof of Age and Survival](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_36) | 39  |
| [Misstatements](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_36) | 39  |
| [Business Disruption and Cybersecurity Risks](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_36) | 39  |
| [Restrictions on Withdrawals from Qualified](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_36)<br> [Plans](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_36)<br>| 39  |
| **[Federal Tax Matters](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_37)** | **40**  |
| [Introduction](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_37) | 40  |
| [Tax Status of the Company and the Separate](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_37)<br> [Account](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_37)<br>| 40  |
| [Income Taxation of Annuities in](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_38)<br> [General](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_38)[—](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_38)[Non-Qualified Contracts](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_38)<br>| 41  |

---

------

---

| | |
|:---|:---|
|  | Page |
| [Additional Considerations](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_39) | 42  |
| [Qualified Contracts](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_40) | 43  |
| [Other Tax Considerations](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_43) | 46  |
| **[Other Information](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_43)** | **46**  |
| [Voting of Underlying Fund Shares](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_43) | 46  |
| [Changes to Investments](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_44) | 47  |
| [Changes to Comply with Law and](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_44)<br> [Amendments](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_44)<br>| 47  |
| [Reports to Owners](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_44) | 47  |
| [Electronic Privileges](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_45) | 48  |
| [Legal Proceedings](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_45) | 48  |

---

---

| | |
|:---|:---|
|  | Page |
| [Sale of the Contract](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_45) | 48  |
| **[Additional Information](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_47)** | **50**  |
| [Registration Statement](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_47) | 50  |
| [Financial Statements](#xx_7f67033b-9541-4c75-b939-24b7b0a8be78_47) | 50  |
| **[Appendix A](#xx_6b885501-ab77-4f0d-886b-a148935815db_1)[–](#xx_6b885501-ab77-4f0d-886b-a148935815db_1)** [Investment Options Available](#xx_6b885501-ab77-4f0d-886b-a148935815db_1)<br> [Under the Contract and Optional Rider](#xx_6b885501-ab77-4f0d-886b-a148935815db_1)<br> [Investment Restrictions](#xx_6b885501-ab77-4f0d-886b-a148935815db_1)<br>| A-1  |
| [Underlying Funds](#xx_6b885501-ab77-4f0d-886b-a148935815db_1) | A-1 |

---

------

**Definitions**

------

Various terms commonly used in this Prospectus are defined as follows:

**Accumulation Unit —** A unit of measure used to calculate Contract Value.

**Administrative Office —** First Security Benefit Life Insurance and Annuity Company of New York, P.O. Box 750497, Topeka, Kansas 66675-0497.

**Annuitant —** The person that you designate on whose life annuity payments may be determined. If you designate Joint Annuitants, "Annuitant" means both Annuitants unless otherwise stated.

**Annuity ("annuity") —** A series of periodic income payments made by the Company to an Annuitant, Joint Annuitant, or Designated Beneficiary during the period specified in the Annuity Options.

**Annuity Options —** Options under the Contract that prescribe the provisions under which a series of annuity payments are made.

**Annuity Period —** The period beginning on the Annuity Start Date during which annuity payments are made.

**Annuity Start Date —** The date when annuity payments begin.

**Annuity Unit —** A unit of measure used to calculate variable annuity payments under Annuity Options 1 through 6.

**Automatic Investment Program —** A program pursuant to which Purchase Payments are automatically paid from your bank account on a specified day of each month or a salary reduction agreement.

**Company —** First Security Benefit Life Insurance and Annuity Company of New York. The Company is also identified herein as "we," "our," or "us."

**Contract —** The flexible purchase payment deferred variable annuity contract described in this Prospectus.

**Contract Date —** The date the Contract begins as shown in your Contract. Contract anniversaries are measured from the Contract Date. The Contract Date is usually the date that the initial Purchase Payment is credited to the Contract.

**Contract Value —** The total value of your Contract as of any Valuation Date.

**Contract Year —** Each twelve-month period measured from the Contract Date.

**Designated Beneficiary —** The person having the right to the death benefit, if any, payable upon the death of the Owner or Joint Owner prior to the Annuity Start Date.

**General Account —** All assets of the Company other than those allocated to the Separate Account or to any other separate account of the Company.

**Internal Revenue Code or the Code —** The Internal Revenue Code of 1986, as amended.

**Investment Options —** The Subaccounts .

**Owner —** The person entitled to the ownership rights under the Contract and in whose name the Contract is issued.

**Purchase Payment —** An amount initially paid to the Company as consideration for the Contract and any subsequent amounts paid to the Company under the Contract.

------

**Separate Account —** Variable Annuity Account A, a separate account of the Company that consists of accounts, referred to as Subaccounts, each of which invests in a corresponding Underlying Fund.

**Subaccount —** A division of the Separate Account which invests in a corresponding Underlying Fund.

**Underlying Fund —** A mutual fund or series thereof that serves as an investment vehicle for its corresponding Subaccount.

**Valuation Date —** Each date on which the Separate Account is valued, which currently includes each day that the New York Stock Exchange is open for trading. Each Valuation Date closes at the end of regular trading on the New York Stock Exchange (normally, 3:00 p.m. Central time). The New York Stock Exchange is scheduled to be closed on weekends and on the following holidays: New Year's Day, Martin Luther King, Jr. Day, Washington's Birthday, Good Friday, Memorial Day, Juneteenth National Independence Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day.

**Valuation Period —** A period used in measuring the investment experience of each Subaccount of the Separate Account. The Valuation Period begins at the close of one Valuation Date and ends at the close of the next Valuation Date.

**Withdrawal Value —** The amount you will receive upon full withdrawal of the Contract. It is equal to Contract Value less any uncollected premium taxes. The Withdrawal Value during the Annuity Period for variable annuity payments (or a combination of variable and fixed annuity payments) under Annuity Option 5 is the present value of future annuity payments commuted at the assumed interest rate, less any uncollected premium taxes.

**Overview of the Contract**

------

**Purpose of the Contract —** The Contract is a variable annuity contract. It is designed for retirement planning purposes. You make investments in the Contract's investment options during the accumulation phase. The value of your investments is used to calculate your benefits under the Contract. At the end of the accumulation phase, we use that accumulated value to calculate the payments that we make during the annuity phase. These payments can provide or supplement your retirement income. Generally speaking, the longer your accumulation phase, the greater your accumulated value may be for setting your benefits and annuity payouts. The Contract also includes a death benefit to help financially protect your Designated Beneficiary.

This Contract may be appropriate for you if you have a long investment time horizon. This Contract is not intended for people who may need to make early or frequent withdrawals or who intend to engage in frequent trading in the Subaccounts that are available under the Contract. Because of the possibility of income tax and tax penalties on early withdrawals, the Contract should not be viewed as an investment vehicle offering low cost liquidity. Your financial goal in acquiring the Contract should focus on a long-term insurance product, offering the prospect of investment growth.

**Phases of the Contract —** The contract has two phases: (1) an accumulation phase (for savings) and (2) an annuity (payout) phase (for income).

**Accumulation Phase.** During the accumulation phase, earnings accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal. To accumulate value during the accumulation phase, you invest your Purchase Payments and earnings in the Subaccounts that are available under the Contract, which, in turn, invest in Underlying Funds with different investment strategies, objectives, and risk/reward profiles. You may allocate all or part of your Purchase Payments and Contract Value to the Subaccounts. Amounts that you allocate to a Subaccount will increase or decrease in dollar value depending in part on the investment performance of the Underlying Fund in which such Subaccount invests.

**Additional information about the Underlying Funds currently available under the Contract is provided in Appendix A: Investment Options Available Under the Contract.**

**Annuity (Payout) Phase.** The Annuity phase occurs after the Annuity Start Date and is when you or a designated payee begin receiving regular Annuity payments from your Contract. The Contract provides several Annuity Options. You should carefully review the Annuity Options with your financial or tax adviser. The payments may be fixed or variable or a combination of both. Variable payments will vary based on the performance of the Subaccounts you select. We may make other Annuity Options available upon request. We may also discontinue the availability of one or more of these options at any time.

------

Please note that if you annuitize, your investments will be converted to income payments and you generally will no longer be able to withdraw money at will from your Contract. However, if the Owner has elected variable annuity payments or a combination of variable and fixed annuity payments under Annuity Option 5, withdrawals (other than systematic withdrawals or withdrawals to pay investment advisory fees) are permitted after the Annuity Start Date. The Return of Premium Death Benefit terminates upon annuitization.

**Contract Features —** 

**Accessing Your Money.** Before your Contract is annuitized, you can withdraw money from your Contract at any time. If you take a withdrawal, you may have to pay income taxes, including a tax penalty, if you are younger than age 59½.

**Tax Treatment.** You can transfer money between investment options without tax implications, and earnings (if any) on your investments are generally tax-deferred. You are taxed only upon: (1) making a withdrawal; (2) surrender of the Contract; (3) receiving a payment from us; or (4) payment of a death benefit.

**Death Benefit.** The Contract includes a standard death benefit equal to the Contract Value reduced by any uncollected premium tax. If you purchased the optional rider that provides an enhanced death benefit, you have the opportunity to leave your beneficiary a death benefit greater than the standard death benefit.

**Return of Premium Death Benefit.** For an additional cost, under this rider, we will pay an enhanced death benefit upon the death of the Owner or any Joint Owner prior to the Annuity Start Date.

**Advisory Fees.** Deductions from your Contract Value to pay third-party advisory fees are treated as withdrawals under the Contract, but the deduction of advisory fees will not count toward the annual free withdrawal amount. If you elect to pay advisory fees from your Contract Value, then the deduction will reduce the death benefits, perhaps significantly, and may be subject to federal and state income taxes and a 10% federal penalty tax.

**Additional Services —** We offer several additional services:

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

**Dollar Cost Averaging.** You direct us to systematically transfer Contract Value among the Subaccounts on a monthly, quarterly, semiannual, or annual basis.

**Asset Reallocation Option.** You direct us to automatically reallocate your Contract Value to return to your original percentage investment allocations on a periodic basis.

**Automatic Investment Program.** Purchase Payments are automatically paid from your bank account on a specified day each month or pursuant to a salary reduction agreement.

**Systematic Withdrawals.** You receive regular automatic withdrawals from your Contract, on a monthly, quarterly, annual or semi-annual basis, provided that each payment must amount to at least $100 (unless we consent otherwise).

**Important Information You Should Consider About the Contract**

------

---

| | | |
|:---|:---|:---|
|  | **FEES, EXPENSES, AND ADJUSTMENTS** | **Location in Prospectus** |
| **Are There** <br> **Charges or** <br> **Adjustments for** <br> **Early** <br> **Withdrawals?**<br>| **No.** The Company does not assess a withdrawal charge on full or partial <br> withdrawals. | **Fee Table**<br> **Fee Table – Examples**<br> **Charges and Deductions**<br>|
| **Are There** <br> **Transaction** <br> **Charges?**<br>| **No.** There are no charges for other transactions. | **Not Applicable** |

---

------

**FEES, EXPENSES, AND ADJUSTMENTS** **Location in Prospectus** 

**RISKS** **Location in Prospectus** 

------

**RESTRICTIONS** **Location in Prospectus** 

**TAXES** **Location in Prospectus** 

**CONFLICTS OF INTEREST** **Location in Prospectus** 

------

---

| | | |
|:---|:---|:---|
|  | **CONFLICTS OF INTEREST** | **Location in Prospectus** |
| **Should I** <br> **Exchange my** <br> **Contract?**<br>| Some investment professionals may have a financial incentive to offer you a <br> new contract in place of the one you already own. You should only exchange a <br> contract you already own if you determine, after comparing the features, fees <br> and risks of both contracts, and any fees or penalties to terminate the existing <br> contract, that it is better for you to purchase the new contract rather than <br> continue to own your existing contract.<br>| **Additional** <br> **Compensation Paid to** <br> **Selected Selling** <br> **Broker-Dealers**<br>|

---

**Fee Table**

------

**The following tables describe the fees and expenses that you will pay when buying, owning, surrendering, or making withdrawals from an Investment Option or from the Contract. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.**

**The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender or make withdrawals from an Investment Option or from the Contract, or transfer Contract Value between Investment Options. State premium taxes may also be deducted. The fees and expenses do not reflect any advisory fees paid to financial intermediaries from your Contract Value or other assets. If such charges were reflected, the fees and expenses would be higher.**

**Transaction Expenses**

---

| | |
|:---|:---|
|  | **Charge** |
| Sales Load Imposed on Purchase Payments | None |
| Surrender Charge (as a percentage of amount withdrawn attributable to Purchase Payments) | None |
| Transfer Processing Fee (per transfer) | None |

---

**The next table describes the fees and expenses that you will pay *each year* during the time that you own the Contract (not including Underlying Fund fees and expenses). If you choose to purchase the optional rider, you will pay additional charges, as shown below.**

**Annual Contract Expenses**

---

| | |
|:---|:---|
|  | **Charge** |
| Administrative Expenses |  |
| Base Contract Expenses (as a percentage of average Contract Value) | 1.85%<sup>1</sup> <br>|
| Optional Benefit Expenses – Return of Premium Death Benefit Rider Charge (as a percentage of <br> Contract Value)<br>| 0.35% |
| 1 This charge is comprised of both an annual mortality and expense risk charge and an annual administration charge. The administration charge <br> ranges from an annual rate of 0.25% to 0.65%, depending on the Subaccount, and is deducted daily. The mortality and expense risk charge is <br> 1.20% but is reduced to 1.00% for Contract Values of $500,000 or more. The minimum mortality and expense risk charge of 1.00% is deducted <br> daily. Any mortality and expense risk charge above the minimum charge is deducted from your Contract Value on a monthly basis. See the <br> discussion under "Mortality and Expense Risk Charge." During the Annuity Period, the Base Contract Expenses range from a minimum of <br> 0.55% to a maximum of 0.95%. The Base Contract Expenses in the table above do not reflect any applicable Platform Charge, which is an <br> annual charge of 0.45% deducted from Contract Value invested in certain Subaccounts. We reserve the right to apply a higher Base Contract <br> charge to new Subaccounts we add in the future. | 1 This charge is comprised of both an annual mortality and expense risk charge and an annual administration charge. The administration charge <br> ranges from an annual rate of 0.25% to 0.65%, depending on the Subaccount, and is deducted daily. The mortality and expense risk charge is <br> 1.20% but is reduced to 1.00% for Contract Values of $500,000 or more. The minimum mortality and expense risk charge of 1.00% is deducted <br> daily. Any mortality and expense risk charge above the minimum charge is deducted from your Contract Value on a monthly basis. See the <br> discussion under "Mortality and Expense Risk Charge." During the Annuity Period, the Base Contract Expenses range from a minimum of <br> 0.55% to a maximum of 0.95%. The Base Contract Expenses in the table above do not reflect any applicable Platform Charge, which is an <br> annual charge of 0.45% deducted from Contract Value invested in certain Subaccounts. We reserve the right to apply a higher Base Contract <br> charge to new Subaccounts we add in the future. |

---

**The next table below shows the minimum and maximum total operating expenses charged by the Underlying Funds that you may pay periodically during the time that you own the Contract. Expenses shown may change over time and may be higher or lower in the future. These amounts include applicable Platform Charges if you choose to invest in certain Underlying Funds. A complete list of Underlying Funds available under the Contract, including their annual expenses, may be found in Appendix A to this Prospectus.**

------

**Annual Underlying Fund Expenses**

---

| | | |
|:---|:---|:---|
|  | **Minimum** | **Maximum** |
| Annual Underlying Fund Expenses (expenses deducted from Underlying Fund assets include <br> management fees, distribution (12b-1) fees, service fees and other expenses)<br>| 0.09% | 5.82% |
| Net Annual Underlying Fund Expenses (after contractual waivers/reimbursements)<sup>1</sup> <br>| 0.09% | 5.67% |
| 1<br> Certain of the Underlying Funds have entered into contractual expense waiver or reimbursement arrangements that reduce fund expenses <br> during the period of the arrangement. These arrangements vary in length and are in place at least through April 30, 2027. | 1<br> Certain of the Underlying Funds have entered into contractual expense waiver or reimbursement arrangements that reduce fund expenses <br> during the period of the arrangement. These arrangements vary in length and are in place at least through April 30, 2027. | 1<br> Certain of the Underlying Funds have entered into contractual expense waiver or reimbursement arrangements that reduce fund expenses <br> during the period of the arrangement. These arrangements vary in length and are in place at least through April 30, 2027. |

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**Examples — These Examples are intended to help you compare the cost of investing in the Subaccounts with the cost of investing in other annuity contracts that offer Variable Options. These costs include transaction expenses, Annual Contract Expenses and annual Underlying Fund fees and expenses but do not include state premium taxes, which may be applicable to your Contract. The Examples do not reflect any advisory fees paid to financial intermediaries from your Contract Value or other assets. If such fees were reflected, the costs would be higher.**

**The Example assumes all Contract value is allocated to the Subaccounts. Your costs could differ from those shown below if you invest in the Fixed Account (if available).**

**These Examples assume that you invest $100,000 in the Subaccounts for the time periods indicated. The Examples also assume that your investment has a 5% return each year and you elect the optional benefit available for an additional charge. The first Example assumes the most expensive Annual Underlying Fund Expenses. The second Example assumes the least expensive Annual Underlying Fund Expenses. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Based on the Most Expensive Annual Underlying Fund Expenses** | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| If you surrender your Contract at the end of the applicable time period | &nbsp;&nbsp; $7520.18 | &nbsp;&nbsp; $21974.61 | &nbsp;&nbsp; $35681.55 | &nbsp;&nbsp; $66927.42 |
| If you do not surrender; or if you annuitize your Contract at the end of the <br> applicable time period.<br>| &nbsp;&nbsp; $7520.18 | &nbsp;&nbsp; $21974.61 | &nbsp;&nbsp; $35681.55 | &nbsp;&nbsp; $66927.42 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Based on the Least Expensive Annual Underlying Fund Expenses** | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| If you surrender your Contract at the end of the applicable time period | &nbsp;&nbsp; $1919.39 | &nbsp;&nbsp; $5939.10 | &nbsp;&nbsp; $10212.73 | &nbsp;&nbsp; $22115.44 |
| If you do not surrender; or if you annuitize your Contract at the end of the <br> applicable time period<br>| &nbsp;&nbsp; $1919.39 | &nbsp;&nbsp; $5939.10 | &nbsp;&nbsp; $10212.73 | &nbsp;&nbsp; $22115.44 |

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**Principal Risks of Investing in the Contract**

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**Risk of Investment Loss —** The Contract involves risks, including possible loss of principal. You bear the risk of any decline in the Contract Value resulting from the performance of the Subaccounts you have chosen. Your losses could be significant. This risk could have a significant negative impact on certain benefits and guarantees under the Contract.

This Contract is not a deposit or obligation of, or guaranteed or endorsed by, any bank. This Contract is not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency.

**Short-Term Investment Risk/Withdrawal Risk —** This Contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash. If you plan to withdraw money or surrender the Contract for short-term needs, it may not be the right contract for you. A tax may be assessed on withdrawals and surrenders, and it could be substantial. If you make a withdrawal prior to age 59½, there may be adverse tax consequences, including a 10% IRS penalty tax. A withdrawal could reduce the value of the optional benefit by an amount greater than the amount withdrawn and could result in termination of the benefit. A total withdrawal (surrender) will result in the termination of your Contract and any benefits. The benefits of tax deferral, long-term income, and living benefit protections mean that this Contract is more beneficial to investors with a long time horizon.

**Subaccount Risk —** Amounts that you invest in the Subaccounts are subject to the risk of poor investment performance. You assume the investment risk. Generally, if the Subaccounts that you select make money, your Contract Value goes up, and if they lose money, your Contract Value goes down. Each Subaccount's performance depends on the performance of its Underlying Fund. Each Underlying Fund has its own investment risks, and you

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are exposed to the Underlying Fund's investment risks when you invest in a Subaccount. You are responsible for selecting Subaccounts that are appropriate for you based on your own individual circumstances, investment goals, financial situation, and risk tolerance. The investment risks are described in the prospectuses for the Underlying Funds.

**Managed Volatility Fund Risk —** Certain Underlying Funds utilize managed volatility strategies. These risk management techniques help us manage our financial risks associated with the Contract's guaranteed rider benefits, like living and death benefits, because they reduce the incidence of extreme outcomes, including the probability of large gains or losses. However, these strategies can also limit your participation in rising equity markets, which may limit the potential growth of your Contract Value and guaranteed rider benefits and may therefore conflict with your personal investment objectives. In addition, the cost of these hedging strategies may negatively impact performance.

**Purchase Payment Risk —** Your ability to make subsequent Purchase Payments is subject to restrictions. We reserve the right to refuse any Purchase Payment, to further limit your ability to make subsequent Purchase Payments with advance notice, and to require our prior approval before accepting Purchase Payments. There is no guarantee that you will always be permitted to make Purchase Payments.

**Financial Strength and Claims-Paying Ability Risk —** All guarantees under the Contract that are paid from our General Account (including under any Fixed Account option) are subject to our financial strength and claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you.

**Business Disruption and Cybersecurity Risk —** Our business is highly dependent upon the effective operation of our computer systems and those of our business partners, so our business is vulnerable to systems failures and cyber-attacks. Systems failures and cyber-attacks may adversely affect us, your Contract, and your Contract Value. In addition to cybersecurity risks, we are exposed to the risk that natural and man-made disasters, pandemics (like COVID-19), catastrophes, geopolitical disputes and military actions may significantly disrupt our business operations and our ability to administer the Contract. There can be no assurance that we or our service providers will be able to successfully avoid negative impacts associated with systems failures, cyber-attacks, or natural and man-made disasters, pandemics and catastrophes. We note that there may be an increased risk of cyberattacks during periods of geopolitical or military conflicts. For more information about these risks, see "More About the Contract – Business Disruption and Cybersecurity Risks."

**Tax Consequences Risk —** Withdrawals are generally taxable (to the extent of any earnings on the Contract), and prior to age 59½ a tax penalty may apply. In addition, even if the Contract is held for years before any withdrawal is made, the withdrawals are taxable as ordinary income rather than capital gains.

**Advisory Fee Deduction Risk —** If you elect to pay third-party advisory fees from your Contract Value, then the deduction will reduce the death benefit and guaranteed rider benefits, perhaps significantly, and may be subject to federal and state income taxes and a 10% federal penalty tax.

**Contract Changes Risk —** From time to time, we make changes to the Contract. We may limit the number of transfers to 14 in a Contract Year. We may restrict your ability to make subsequent Purchase Payments. We may limit the number of loans you may have outstanding at any time. We reserve the right to add, remove or substitute the Underlying Funds available as investment options under the Contract in accordance with applicable law. We may change the investment restrictions under certain optional benefits, and we may stop offering for purchase any currently available optional benefit at any time.

**Information About the Company, the Separate Account, and the Underlying Funds**

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**First Security Benefit Life Insurance and Annuity Company of New York —** First Security Benefit Life Insurance and Annuity Company of New York is a stock life insurance company organized under the insurance laws of the State of New York on November 8, 1994. The Company offers fixed and variable annuity contracts in New York and is admitted to do business in that state. The Company's indirect parent, Eldridge Industries, LLC, owns, operates and invests in businesses across a wide range of sectors and is ultimately controlled by Todd L. Boehly.

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The Principal Underwriter for the Contract is Security Distributors, LLC ("SDL"), One Security Benefit Place, Topeka, Kansas 66636-0001. SDL, an affiliate of the Company, is registered as a broker-dealer with the SEC and is a wholly-owned subsidiary of Security Benefit Life Insurance Company and is a member of the Financial Regulatory Authority ("FINRA").

We are obligated to pay all amounts promised to you under your Contract. All guarantees under the Contract are subject to our financial strength and claims-paying capabilities. We provide information about our financial strength in reports filed with state insurance departments. You may obtain information about us by contacting us using the information stated on the cover page of this prospectus, visiting our website at <u>www.fsbl.com</u> or visiting the SEC's website at <u>www.sec.gov</u>. You may also obtain reports and other financial information about us by contacting your state insurance department.

**Published Ratings —** The Company may from time to time publish in advertisements, sales literature and reports to Owners, the ratings and other information assigned to it by one or more independent rating organizations such as A.M. Best Company and Standard & Poor's. The purpose of the ratings is to reflect the financial strength and/or claims-paying ability of the Company and should not be considered as bearing on the investment performance of assets held in the Separate Account. Each year A.M. Best Company reviews the financial status of thousands of insurers, culminating in the assignment of Best's Ratings. These ratings reflect their current opinion of the relative financial strength and operating performance of an insurance company in comparison to the norms of the life/health insurance industry. In addition, the claims-paying ability of the Company as measured by Standard & Poor's Insurance Ratings Services may be referred to in advertisements or sales literature or in reports to Owners. These ratings, which are subject to change, are opinions as to an operating insurance company's financial capacity to meet the obligations of its insurance and annuity policies in accordance with their terms. Such ratings do not reflect the investment performance of the Separate Account or the degree of risk associated with an investment in the Separate Account.

**Separate Account —** The Company established the Separate Account under New York law on January 22, 1996. The Contract provides that the income, gains, or losses of the Separate Account, whether or not realized, are credited to or charged against the assets of the Separate Account without regard to other income, gains, or losses of the Company. The Contract contains a provision stating that assets held in the Separate Account may not be charged with liabilities arising from other business that the Company conducts. The Company owns the assets in the Separate Account and is required to maintain sufficient assets in the Separate Account to meet all Separate Account obligations under the Contract. Such Separate Account assets are not subject to claims of the Company's creditors.

The Separate Account consists of accounts referred to as Subaccounts. The Contract provides that the income, gains and losses, whether or not realized, are credited to, or charged against, the assets of each Subaccount without regard to the income, gains or losses in the other Subaccounts. Each Subaccount invests exclusively in shares of a corresponding Underlying Fund. Contract value allocated to a Subaccount will vary based on the investment experience of the corresponding Underlying Fund in which the Subaccount invests. There is a risk of loss of the entire amount invested.

The Company may in the future establish additional Subaccounts of the Separate Account, which may invest in other Underlying Funds or in other securities or investment vehicles. See "Changes to Investments."

The Separate Account is registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended (the "1940 Act"). Registration with the SEC does not involve supervision by the SEC of the administration or investment practices of the Separate Account or of the Company.

We do not guarantee the investment results of the Separate Account. Accumulated Value allocated to a Subaccount will vary based on the investment experience of the corresponding Investment Option in which the Subaccount invests. You bear the risk of any decline in the Accumulated Value of your Contract resulting from the performance of the Investment Option you have chosen. There is a risk of loss of the entire amount invested.

**Underlying Funds —** Each Underlying Fund is an open-end management investment company or a series thereof and is registered with the SEC under the 1940 Act. Such registration does not involve supervision by the SEC of the investments or investment policies of the Underlying Fund. Each Underlying Fund has its own investment objectives and policies.

As described in more detail in the Underlying Fund prospectuses, certain Underlying Funds employ managed volatility strategies that are intended to reduce the Underlying Fund's overall volatility and downside risk, and those Underlying Funds may help us manage the risks associated with providing certain guaranteed rider benefits under the Contract. During rising markets, the hedging strategies employed to manage volatility could result in your

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Contract Value rising less than would have been the case if you had been invested in an Underlying Fund without a managed volatility strategy. In addition, the cost of these hedging strategies may negatively impact performance. On the other hand, investing in an Underlying Fund with a managed volatility strategy may be helpful in a declining market with higher market volatility because the strategy will often reduce your equity exposure in such circumstances. In such cases, your Contract Value may decline less than would have been the case if you had not invested in an Underlying Fund with a managed volatility strategy.

Certain Underlying Funds invest substantially all of their assets in other funds ("funds of funds"). If you allocate Contract Value to a Subaccount that invests in a fund of funds, you will indirectly bear the fees and expenses of both the top-tier and bottom-tier funds, which will reduce your investment return. In addition, funds of funds may have higher expenses than funds that invest directly in debt or equity securities or other assets.

One of the Underlying Funds is a money market fund. There is no assurance that this Underlying Fund will be able to maintain a stable net asset value per share. In addition, during extended periods of low interest rates, and partly as a result of asset-based separate account charges, the yield on the corresponding Subaccount may become low and possibly negative.

Shares of the Underlying Funds currently are not publicly traded. They are available only as investment options in variable annuity or variable life insurance policies issued by life insurance companies or in some cases, through participation in certain qualified pension or retirement plans. Certain Underlying Funds have similar investment objectives and policies as other mutual funds managed by the same adviser. The investment results of the Underlying Funds, however, may be higher or lower than the results of such other funds. There can be no assurance, and no representation is made, that the investment results of any of the Underlying Funds will be comparable to the investment results of any other fund, even if both the Underlying Fund and the other fund are managed by the same adviser.

Due to the number of the Contract's Underlying Funds, the number of charge-free transfer opportunities between and among the Underlying Funds, and the fact that some Underlying Funds may have essentially the same investment strategy, it cannot be ruled out that the Owner of a Contract might be treated as the owner of a pro rata share of the Underlying Fund to which the Contract Value is allocated and taxed currently on income and gains attributable to the Underlying Funds.

Information regarding each Underlying Fund, including its (i) name, (ii) type or investment objective, (iii) investment adviser and any sub-investment adviser, (iv) current expenses, and (v) performance, is available in an appendix to this Prospectus. See **Appendix A: Underlying Funds Available Under the Contract**. We cannot assure that any Underlying Fund will achieve its objective. Each Underlying Fund has issued a prospectus that contains more detailed information about the Underlying Fund. Read these prospectuses carefully before investing. Paper or electronic copies of the Underlying Fund prospectuses may be obtained by calling us at 1-800-888-2461, e-mailing us at FSBLProspectusRequests@securitybenefit.com or visiting <u>https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=336277116&template=fsblny</u>.

**Certain Payments the Company and its Affiliates Receive with Regard to the Underlying Funds.** The Company (and its affiliates) receives payments from some of the Underlying Funds, their advisers, sub-advisers, and distributors, or affiliates thereof. The Company negotiates these payments and thus they differ by Underlying Fund (sometimes substantially), and the amounts the Company (or its affiliates) receives can be significant. Where these payments are made, the advisers, sub-advisers, or distributors (or affiliate thereof) of those Underlying Funds have increased access to the Company and its affiliates involved in the distribution of the Contract. Proceeds from these payments can be used by the Company for any corporate purpose, including payment of expenses that the Company and its affiliates incur in promoting, marketing, and administering the Contract and in the Company's role as an intermediary for the Underlying Funds. The Company and its affiliates may profit from these payments.

**<u>12b-1 Fees.</u>** The Company and/or its affiliate, SDL, the principal underwriter for the Contract, receive 12b-1 fees from certain of the Underlying Funds that are based on a percentage of the average daily net assets of the particular Underlying Fund attributable to the Contract and certain other variable insurance contracts issued or administered by the Company (or its affiliates). 12b-1 fees are paid out of Underlying Fund assets as part of the Underlying Fund's total annual operating expenses. Payments made out of Underlying Fund assets will reduce the amount of assets that would otherwise be available for investment, and will reduce the Underlying Fund's investment returns. Currently, the Company and SDL receive 12b-1 fees ranging from 0.05% to 0.50% of the average net assets of the Contract (and certain other variable insurance contracts issued or administered by the Company (or its affiliates)) invested in Underlying Funds that pay 12b-1 fees.

**<u>Payments from Underlying Fund Service Providers.</u>** The Company (or its affiliates) also receives payments from the investment advisers, sub-advisers, or distributors (or affiliates thereof) of certain of the Underlying Funds. These payments may be derived, in whole or in part, from the investment advisory fee deducted from Underlying Fund assets. Owners, through their indirect investment in the Underlying Funds, bear the costs of these investment

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advisory fees (see the Underlying Funds' prospectuses for more information). These payments usually are based on a percentage of the average daily net assets of the particular Underlying Fund attributable to the Contract and to certain other variable insurance contracts issued or administered by the Company (or its affiliates). Currently, the Company and its affiliates receive payments that range from 0.05% to 0.50% of the average net assets of the Contract (and certain other variable insurance contracts issued or administered by the Company (or its affiliates)) invested in an Underlying Fund. The Company may also receive payments from certain of the investment advisers, sub-advisers, or distributors (or affiliates thereof) of certain of the Underlying Funds that is based on a pre-determined fee and not based on the average net assets of the Contract (or other variable insurance contracts issued or administered by the Company or its affiliates) invested in the Underlying Fund. None of these payments are paid from Underlying Fund assets.

**<u>Other Payments.</u>** In the case of certain of the Underlying Funds, the Underlying Fund's adviser, sub-adviser, distributor, or affiliates provide the Company (or its affiliates) and/or broker-dealers that sell the Contract ("selling firms") with wholesaling services to assist the Company in the distribution of the Contract, pay the Company (or its affiliates) and/or selling firms amounts to participate in their national and regional sales conferences and meetings with their sales desks, and/or provide the Company (or its affiliates) and/or selling firms with occasional gifts, meals, tickets, or other compensation as an incentive for them to market the Underlying Funds when offering or distribution the Contract and to cooperate with their promotional efforts for the Underlying Funds.

For details about the compensation payments the Company makes in connection with the sale of the Contract, see "Sale of the Contract."

**Total Payments.** Currently, the Company and its affiliates, including SDL, receive payments from the Underlying Funds, their advisers, sub-advisers, and distributors, or affiliates thereof in the form of 12b-1 fees and/or other payments described above that range in total from a minimum of 0.25% to a maximum of 0.60% of the average net assets of the Contract (and certain other variable insurance contracts issued or administered by the Company (or its affiliates)) invested in the Underlying Funds. This does not include the arrangements with certain of the investment advisers, sub-advisers, or distributors (or affiliates thereof) of certain of the Underlying Funds in which the payment is not based on the average net assets of the Contract invested in an Underlying Fund.

**Administration Charge.** The Company may charge a higher administration charge for certain Subaccounts that invest in Underlying Funds that do not provide the Company or its affiliates with the amount of revenue it requires in order for the Company to meet its revenue targets. See "Administration Charge."

**Selection of Underlying Funds.** The Company selects the Underlying Funds offered through the Contract based on several criteria, including asset class coverage, the strength of the investment adviser's (or sub-adviser's) reputation and tenure, brand recognition, performance, and the capability and qualification of each investment firm. Another factor the Company considers during the selection process is whether the Underlying Fund, its adviser, its sub-adviser, or an affiliate will make payments to the Company or its affiliates, as described above. These payment arrangements may create an incentive for us to select funds that pay us higher amounts. The Company also considers whether the Underlying Fund's adviser is one of its affiliates, and whether the Underlying Fund, its adviser, sub-adviser, or distributor (or an affiliate) can provide marketing and distribution support for sale of the Contract. The Company reviews each Underlying Fund periodically after it is selected. Upon review, the Company may remove an Underlying Fund or restrict allocation of additional Purchase Payments and/or transfers of Contract Value to an Underlying Fund if it determines the Underlying Fund no longer meets one or more of the criteria and/or if the Underlying Fund has not attracted significant assets. The Company does not recommend or endorse any particular Underlying Fund and does not provide investment advice.

**Charges and Deductions**

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Certain charges will be deducted in connection with the Contract, as described below.

**<u>Transaction Expenses</u>**

**Premium Tax Charge —** Various states and municipalities impose a tax on premiums on annuity contracts received by insurance companies. Whether or not a premium tax is imposed will depend upon, among other things, the Owner's state of residence, the Annuitant's state of residence, and the insurance tax laws and the Company's status in a particular state. The Company may assess a premium tax charge to reimburse itself for premium taxes that it incurs in connection with a Contract. If assessed, the Company will deduct this charge upon the Annuity Start Date. The Company may deduct premium tax upon a full or partial withdrawal (including a systematic withdrawal or a withdrawal made to pay the fees of your investment adviser) if a premium tax has been incurred and is not refundable. No premium tax is currently imposed in the State of New York. The Company reserves the right to deduct premium taxes when due or any time thereafter.

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**Deduction of Advisory Fees —** You may enter into a separate investment advisory agreement with an investment adviser that provides asset allocation services in connection with your Contract. We are not affiliated with those investment advisers, and we do not supervise or perform due diligence on investment advisers who may provide such asset allocation services. By entering into an agreement with the investment adviser for asset allocation services and executing the Company's investment adviser authorization form, you authorize the investment adviser to allocate your Contract Value among certain Subaccounts and make changes in your allocations from time to time, and you may authorize us to deduct amounts from your Contract Value to pay the investment adviser's fee in the amounts and at the times directed by the investment adviser in writing. You may terminate your investment adviser authorization at any time by sending written and signed notice of termination to our Administrative Office or submitting an electronic notice of termination to <u>AAWF-NF@securitybenefit.com</u>.

We will treat each deduction as a partial withdrawal from your Contract. However, the deductions will not count toward the annual free withdrawal amount. The Company will deduct the amount of the withdrawal from the Contract Value in the Subaccounts, according to the Owner's or authorized investment adviser's instructions to the Company. If you do not specify the allocation, the Company will deduct the withdrawal in the same proportion that Contract Value is allocated among the Subaccounts. The investment advisory fee is paid to the investment adviser and is not a Contract charge retained by us. For Non-Qualified Contracts, all or a portion of the charges deducted from your Contract Value to pay the investment adviser's fees may be subject to federal and state income tax and a 10% federal penalty tax.

The investment advisory fee is described more fully in the disclosure statement provided by the investment adviser. You should consult with your representative for details regarding the investment advisory services, including fees and expenses. A tax-free partial exchange may become taxable if an advisory fee is paid from your Contract Value within 180 days of the partial exchange. Consult your tax adviser for advice concerning tax-free partial exchanges.

Withdrawals from your Contract Value to pay advisory fees will reduce the death benefits and other guaranteed benefits under the Contract, perhaps significantly. See "Death Benefit" for an example of how withdrawals to pay advisory fees impact the Contract Value and standard death benefit.

**<u>Annual Contract Expenses</u>**

**Administrative Expenses**

The Company does not deduct Administrative Expenses from your Contract.

**Base Contract Expenses**

**Mortality and Expense Risk Charge —** The Company deducts a charge for mortality and expense risks assumed by the Company under the Contract. The Company deducts a daily minimum charge equal to 0%, on an annual basis, of each Subaccount's average daily net assets. If you are subject to a mortality and expense risk charge above the minimum charge, the Company deducts the excess amount from your Contract Value on a monthly basis. The mortality and expense risk charge amount is determined each month by reference to the amount of your Contract Value at the time the charge is deducted, as set forth in the table below.

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| | |
|:---|:---|
| **Withdrawal Charge Schedule** | **Annual Mortality and Expense Risk Charge** |
| Less than $500,000 | 1.20% |
| $500,000 or more | 1.00% |

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We also deduct a mortality and expense risk charge during the Annuity Period in the amount of 0.30%, on an annual basis, of each Subaccount's average daily net assets. The Company guarantees that the charge for mortality and expense risks will not exceed an annual rate of 0.20% (0.30% during the Annuity Period) of each Subaccount's average daily net assets.

The mortality and expense risk charge is intended to compensate the Company for certain mortality and expense risks the Company assumes in offering and administering the Contract and in operating the Subaccounts.

The expense risk is the risk that the Company's actual expenses in issuing and administering the Contract and operating the Subaccounts will be more than the charges assessed for such expenses. The mortality risk borne by the Company is the risk that Annuitants, as a group, will live longer than the Company's actuarial tables predict. In this event, the Company guarantees that annuity payments will not be affected by a change in mortality experience that results in the payment of greater annuity income than assumed under the Annuity Options in the Contract. The

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Company also assumes a mortality risk in connection with the death benefit under the Contract (i.e., for deaths occurring sooner than the Company's actuarial tables predict).

The Company may ultimately realize a profit from this charge to the extent it is not needed to cover mortality and administrative expenses, but the Company may realize a loss to the extent the charge is not sufficient. The Company may use any profit derived from this charge for any lawful purpose, including distribution expenses. See "Determination of Contract Value" for more information about how the Company deducts the mortality and expense risk charge.

**Administration Charge —** The Company deducts a daily administration charge equal to an annual rate of each Subaccount's average daily net assets. The annual charge for each of the Subaccounts currently offered through this Prospectus is as follows:

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| | |
|:---|:---|
| **Subaccount** | **Administration Charge** |
| Dimensional VA Equity Allocation, Dimensional VA Global Bond Portfolio, Dimensional <br> VA Global Moderate Allocation, Dimensional VA International Small Portfolio, <br> Dimensional VA International Value Portfolio, Dimensional VA Short-Term Fixed <br> Portfolio, Dimensional VA U.S. Large Value Portfolio, Dimensional VA U.S. Targeted <br> Value Portfolio<br>| 0.65% |
| Vanguard<sup>®</sup> VIF Balanced, Vanguard<sup>®</sup> VIF Capital Growth, Vanguard<sup>®</sup> VIF Conservative <br> Allocation, Vanguard<sup>®</sup> VIF Diversified Value, Vanguard<sup>®</sup> VIF Equity Income, Vanguard<sup>®</sup> <br> VIF Equity Index, Vanguard<sup>®</sup> VIF Global Bond Index, Vanguard<sup>®</sup> VIF Growth, Vanguard<sup>®</sup> <br> VIF High Yield Bond, Vanguard<sup>®</sup> VIF International, Vanguard<sup>®</sup> VIF Mid-Cap Index, <br> Vanguard<sup>®</sup> VIF Moderate Allocation, Vanguard<sup>®</sup> VIF Real Estate Index, Vanguard<sup>®</sup> VIF <br> Short Term Investment Grade, Vanguard<sup>®</sup> VIF Small Company Growth, Vanguard<sup>®</sup> VIF <br> Total Bond Market Index, Vanguard<sup>®</sup> VIF Total International Stock Market Index, <br> Vanguard<sup>®</sup> VIF Total Stock Market Index<br>| 0.65% |
| All other Subaccounts | 0.25% |

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The Company guarantees that this charge will not increase for the Subaccounts available under the Contract as of the date of this Prospectus; however, the amount of this charge may be higher for Subaccounts that the Company adds in the future. Any amount of the Administration Charge that exceeds 0.25% is sometimes called a Platform Fee.

The Company assesses the administration charge in order to facilitate making certain Underlying Funds available as investment options under the Contract. The Company applies the fee on all Subaccounts, but may impose a higher fee on Subaccounts that we add in the future that invest in Underlying Funds that do not provide the Company or its affiliates with the amount of revenue it requires in order for the Company to meet its revenue targets. See "Certain Payments the Company and its Affiliates Receive With Regard to the Underlying Funds" for more information on payments the Company and its affiliates may receive from the Underlying Funds and their affiliates. These payments may be used for any corporate purpose, including payment of expenses that the Company and its affiliates incur in promoting, marketing, and administering the Contract and, in its role as intermediary for, the Underlying Funds. The Company may profit from the administration charge, and may use any profit derived from this fee for any lawful purpose, including distribution expenses.

**Other Charges —** The Company may charge the Separate Account or the Subaccounts for the federal, state, or local taxes incurred by the Company that are attributable to the Separate Account or the Subaccounts, or to the operations of the Company with respect to the Contract, or that are attributable to payment of premiums or acquisition costs under the Contract. No such charge is currently assessed. See "Tax Status of the Company and the Separate Account" and "Charge for the Company's Taxes."

**Variations in Charges —** The Company may reduce or waive the amount of certain charges for a Contract where the expenses associated with the sale of the Contract or the administrative and maintenance costs associated with the Contract are reduced for reasons such as the amount of the initial Purchase Payment or projected Purchase Payments or the Contract is sold in connection with a group or sponsored arrangement.

**Return of Premium Death Benefit Rider Charge —** In addition to the charges and deductions discussed above, you may purchase the Return of Premium Death Benefit rider under the Contract. The Company makes the rider available only at issue.

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The Company deducts a monthly charge from your Contract Value for the Return of Premium Death Benefit rider. **The Company deducts the monthly charge from your Contract Value beginning on the Contract Date and ending on the Annuity Start Date.** The amount of the rider charge is equal to 0.35%, on an annual basis, of your Contract Value.

**Underlying Fund Expenses —** Each Subaccount of the Separate Account purchases shares at the net asset value of the corresponding Underlying Fund. Each Underlying Fund's net asset value reflects the investment advisory fee and other expenses that are deducted from the assets of the Underlying Fund. These fees and expenses are not deducted from the Subaccounts but are paid from the assets of the corresponding Underlying Fund. As a result, the Owner indirectly bears a pro rata portion of such fees and expenses. The advisory fees and other expenses, if any, which are more fully described in each Underlying Fund's prospectus, are not specified or fixed under the terms of the Contract and may vary from year to year.

**Payment of Compensation —** The Company pays commissions to SDL and to Selling Broker-Dealers in connection with the promotion and sale of the Contract according to one or more schedules. Commissions and other incentives or payments (discussed below) are not charged directly to Owners or the Separate Account. The Company uses its corporate assets to pay commissions and other costs of distributing the Contract. The Company intends to recoup commissions and other sales expenses through fees and charges deducted under the Contract (including any profit from the mortality and expense risk charge and administration charge or other fees and charges imposed under the Contract) or from its General Account.

**The Contract**

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**General —** The Company issues the Contract offered by this Prospectus. It is a flexible purchase payment deferred variable annuity. The Contract is significantly different from a fixed annuity contract in that it is the Owner under a Contract who assumes the risk of investment gain or loss rather than the Company. When you are ready to begin receiving annuity payments, the Contract provides several Annuity Options under which the Company will pay periodic annuity payments on a variable basis, a fixed basis or both, beginning on the Annuity Start Date. The amount that will be available for annuity payments will depend on the investment performance of the Subaccounts to which you have allocated Purchase Payments.

The Contract is available for purchase by an individual as a non-tax qualified contract ("Non-Qualified Contract"). The Contract is also eligible for purchase in connection with certain tax qualified retirement plans that meet the requirements of Section 408 or 408A of the Internal Revenue Code ("IRA" or "Qualified Plan"). Certain federal tax advantages are currently available to retirement plans that qualify as traditional and Roth individual retirement accounts or annuities, including traditional IRAs established by an employer under a simplified employee pension plan or a SIMPLE IRA plan, under Section 408. Joint Owners are permitted only on a Contract issued pursuant to a Non-Qualified Contract. If you are purchasing the Contract as an investment vehicle for a Section 408 or 408A IRA, you should consider that the Contract does not provide any additional tax advantages beyond those already available through the Qualified Plan. However, the Contract does offer features and benefits in addition to providing tax deferral that other investments may not offer, including death benefit protection for your beneficiaries and annuity options which guarantee income for life. You should consult with your financial professional as to whether the overall benefits and costs of the Contract are appropriate considering your circumstances.

**Important Information About Your Benefits Under the Contract —** The benefits under the Contract are paid by us from our General Account assets and/or your Contract Value held in the Separate Account. It is important that you understand that payment of benefits from the Separate Account is not guaranteed and depends upon certain factors discussed below.

**Assets in the Separate Account.** Your Contract permits you to allocate Purchase Payments and Contract Value to various Subaccounts. You bear all of the investment risk for allocations to the Subaccounts. Your Contract Value in the Subaccounts is part of the assets of the Separate Account. These assets are segregated and cannot be charged with liabilities arising from any other business that we may conduct.

**Assets in the General Account.** Any guarantees under the Contract that exceed your Contract Value (such as those associated with the Return of Premium Death Benefit rider) are paid from our General Account. We issue other types of insurance policies and financial products as well, and we pay our obligations under these products from our assets in the General Account.

Any amounts that we are obligated to pay under the Contract from the General Account are subject to our financial strength and claims-paying ability. An insurance company's financial strength and claims-paying ability may

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be affected by, among other factors, adverse market developments. Adverse market developments may result in, among other things, realized losses on General Account investments, unrealized losses on such investments (which may or may not result in accounting impairments), increased reserve requirements, and a reduction of capital both absolutely and relative to minimum, regulatory required capital (some of which are cash items and some of which are noncash items). Adverse market developments are an inherent risk to our, and any insurer's, General Account.

**Application for a Contract —** If you wish to purchase a Contract, you may submit an application and an initial Purchase Payment to the Company, as well as any other form or information that the Company may require. The Company reserves the right to reject an application or Purchase Payment for any reason, subject to the Company's underwriting standards and guidelines and any applicable state or federal law relating to nondiscrimination.

The maximum age of an Owner or Annuitant for which a Contract will be issued is age 90. If there are Joint Owners or Annuitants, the maximum issue age will be determined by reference to the older Owner or Annuitant.

**Purchase Payments —** The minimum initial Purchase Payment for the purchase of a Contract is $50,000. Thereafter, you may choose the amount and frequency of Purchase Payments, except that the minimum subsequent Purchase Payment is $500. The minimum subsequent Purchase Payment if you elect an Automatic Investment Program is $50. The Company may reduce the minimum Purchase Payment requirement under certain circumstances. The Company will not accept, without prior Company approval, aggregate Purchase Payments in an amount that exceeds $1,000,000 under any variable annuity contract(s) issued by the Company for which you are an Owner and/or Joint Owner. The Company has the right to refuse any Purchase Payment and to cease accepting Purchase Payments.

The Company will apply the initial Purchase Payment not later than the end of the second Valuation Date after the Valuation Date it is received by the Company, in good order. In this regard "good order" means that the Purchase Payment is preceded or accompanied by an application that contains sufficient information to establish an account and properly credit such Purchase Payment. The application form will be provided by the Company. If you submit your application and/or initial Purchase Payment to your registered representative, the Company will not begin processing the application and the initial Purchase Payment until the Company receives them from your representative's broker-dealer.

Sometimes the Purchase Payment is not preceded by or accompanied by a complete application. The application includes your affirmative consent permitting the Company to hold your initial Purchase Payment beyond five Valuation Dates in its effort to complete your application. If your application is incomplete, and the Company is unable to resolve the problem within five Valuation Dates, the Company will notify you of the reasons for the delay. If you affirmatively revoke the consent given with your application to hold your initial Purchase Payment pending resolution of the problem, we will return your Purchase Payment. Otherwise, the Purchase Payment will be applied not later than the second Valuation Date after the Valuation Date the problem is resolved.

The Company will credit subsequent Purchase Payments as of the end of the Valuation Period in which they are received by the Company at its Administrative Office; however, subsequent Purchase Payments received at or after close of a Valuation Date (normally 3:00 p.m. Central time) will be effected at the Accumulation Unit value determined on the following Valuation Date. See "Cut-Off Times." In addition, any such Purchase Payment will not be processed until it is in good order. In this regard, "good order" means that the Purchase Payment is preceded or accompanied by sufficient information to properly credit such Purchase Payment. Purchase Payments after the initial Purchase Payment may be made at any time prior to the Annuity Start Date, so long as the Owner is living. Subsequent Purchase Payments under a Qualified Plan may be limited by the terms of the plan and provisions of the Internal Revenue Code. Subsequent Purchase Payments may be paid under an Automatic Investment Program. The initial Purchase Payment required must be paid before the Company will accept the Automatic Investment Program. If you submit a subsequent Purchase Payment to your registered representative, the Company will not begin processing the Purchase Payment until the Company receives it from your representative's broker-dealer.

If mandated under applicable law, the Company may be required to reject a Purchase Payment. The Company also may be required to provide additional information about the Owner's account to government regulators. In addition, the Company may be required to block the Owner's account and thereby refuse to pay any request for transfers, full or partial withdrawals (including systematic withdrawals), or death benefits until instructions are received from the appropriate regulator.

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**Allocation of Purchase Payments —** In an application for a Contract, you select the Subaccounts to which Purchase Payments will be allocated. Purchase Payments will be allocated according to your instructions contained in the application or more recent instructions received, if any, except that no Purchase Payment allocation is permitted that would result in less than $25.00 per payment being allocated to any one Subaccount. The allocations must be a whole dollar amount or a whole percentage. Available allocation alternatives include the Subaccounts.

You may change the Purchase Payment allocation instructions by submitting a proper written request to the Company's Administrative Office. A proper change in allocation instructions will be effective upon receipt by the Company at its Administrative Office and will continue in effect until you submit a change in instructions to the Company. You may make changes in your Purchase Payment allocation and changes to an existing Dollar Cost Averaging or Asset Reallocation Option (each, an "Automatic Allocation Program") by telephone provided the proper form is properly completed, signed, and received by the Company at its Administrative Office. Changes in the allocation of future Purchase Payments have no effect on existing Contract Value. You may, however, transfer Contract Value among the Subaccounts in the manner described in "Transfers of Contract Value."

**Fund Liquidations.** If your allocation instructions include a Subaccount that has become no longer available due to a fund liquidation, upon advance notice to you and unless you otherwise instruct us, we will allocate the applicable portion of any subsequent Purchase Payments to the Rydex VIF U.S. Government Money Market Subaccount, and any automatic allocation instructions for scheduled transfers that include a Subaccount that is no longer available due to a fund liquidation will be terminated. If you wish to set up a new Dollar Cost Averaging Option or Asset Reallocation Option (without the Subaccount that is no longer available due to a fund liquidation), you will need to submit a new form to us. If you request a transfer of Contract Value to a Subaccount that is no longer available due to a fund liquidation, we will consider your request to not be in good order, and we will not process it. In such cases, we will contact you for further instructions.

**Closed Subaccounts.** We reserve the right to close Subaccounts. If we close a Subaccount (a "Closed Subaccount"), you may be prevented from allocating Purchase Payments or Contract Value to that Subaccount. The table below lists the Closed Subaccounts, and the effective date on which the Subaccount's were closed or will close.

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| | |
|:---|:---|
| **Closed Subaccounts** | **Effective Date** |
| Alger Capital Appreciation | April 30, 2021 |
| Lord Abbett Series Developing Growth VC | May 5, 2021 |
| Rydex VIF Dow 2x Strategy | May 1, 2019 |
| Rydex VIF Europe 1.25x Strategy | May 1, 2019 |
| Rydex VIF Government Long Bond 1.2x Strategy | May 1, 2019 |
| Rydex VIF Inverse Dow 2x Strategy | May 1, 2019 |
| Rydex VIF Inverse Government Long Bond Strategy | May 1, 2019 |
| Rydex VIF Inverse Mid-Cap Strategy | May 1, 2019 |
| Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy | May 1, 2019 |
| Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy | May 1, 2019 |
| Rydex VIF Inverse S&P 500 Strategy | May 1, 2019 |
| Rydex VIF Japan 2x Strategy | May 1, 2019 |
| Rydex VIF Mid-Cap 1.5x Strategy | May 1, 2019 |
| Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy | May 1, 2019 |
| Rydex VIF Nova | May 1, 2019 |
| Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy | May 1, 2019 |
| Rydex VIF Russell 2000<sup>®</sup> 2x Strategy | May 1, 2019 |
| Rydex VIF S&P 500 2x Strategy | May 1, 2019 |
| Rydex VIF Strengthening Dollar 2x Strategy | May 1, 2019 |
| Rydex VIF Weakening Dollar 2x Strategy | May 1, 2019 |
| Vanguard<sup>®</sup> VIF Small Company Growth | May 1, 2019 |

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In the event that we receive a request to allocate Purchase Payments or Contract Value to a Closed Subaccount, we will handle that transaction as follows:

**<u>New Applications.</u>** If we receive an application for a Contract with an allocation to a Closed Subaccount, we will consider the application to be incomplete and we will attempt to contact the applicant to get revised instructions. The

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Company will hold the Purchase Payment in its General Account and may take up to five Valuation Dates to resolve the problem. If the Company is unable to resolve the problem within five Valuation Dates, the Company will notify the applicant of the reasons for the delay. If the applicant affirmatively revokes the consent given with their application to hold the initial Purchase Payment pending resolution of the problem, we will return the applicant's Purchase Payment. Otherwise, the Purchase Payment will be applied not later than the second Valuation Date after the Valuation Date the problem is resolved.

**<u>Existing Contracts.</u>** Except as provided below, if we receive a Purchase Payment for an existing Contract with an allocation a Closed Subaccount, we will allocate the applicable portion of the payment to the Rydex VIF U.S. Government Money Market Subaccount. If you have automatic allocation instructions designating allocation to a Closed Subaccount pursuant to an Automatic Allocation Program as of the date that a Subaccount is closed, your automatic allocation instructions will be terminated as of the close of business on that date. If you wish to set up a new Dollar Cost Averaging Option or Asset Reallocation Option (without the Closed Subaccount), you will need to submit a new form to our Administrative Office. If you request a transfer of Contract Value to a Closed Subaccount, we will consider your request to not be in good order, and we will not process it. In such cases, we will contact you for further instructions.

Notwithstanding the foregoing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

If you had Contract Value allocated to the Alger Capital Appreciation on April 30, 2021, your Contract Value will remain invested in that Subaccount and you may continue to allocate Purchase Payments or transfer Contract Value to or from that Subaccount, subject to transfer restrictions. Automatic allocation instructions involving the Alger Capital Appreciation Subaccount pursuant to an Automatic Allocation Program will remain in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

If you had Contract Value allocated to the Lord Abbett Series Developing Growth VC Subaccount on May 5, 2021, your Contract Value will remain invested in that Subaccount and you may continue to allocate Purchase Payments or transfer Contract Value to or from that Subaccount, subject to transfer restrictions. Automatic allocation instructions involving the Lord Abbett Series Developing Growth VC Subaccount pursuant to an Automatic Allocation Program will remain in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

The Rydex VIF Dow 2x Strategy, Rydex VIF Europe 1.25x Strategy, Rydex VIF Government Long Bond 1.2x Strategy, Rydex VIF Inverse Dow 2x Strategy, Rydex VIF Inverse Government Long Bond Strategy, Rydex VIF Inverse Mid-Cap Strategy, Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy, Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy, Rydex VIF Inverse S&P 500 Strategy, Rydex VIF Japan 2x Strategy, Rydex VIF Mid-Cap 1.5x Strategy, Rydex VIF NASDAQ-100<sup>®</sup> Strategy, Rydex VIF Nova, Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy, Rydex VIF Russell 2000<sup>®</sup> 2x Strategy, Rydex VIF S&P 500 2x Strategy, Rydex VIF Strengthening Dollar 2x Strategy, and Rydex VIF Weakening Dollar 2x Strategy closed on May 1, 2019. If you had Contract Value allocated to these Subaccounts at the time that it closed, your Contract Value will remain invested in that Subaccount. You may transfer Contract Value from these Subaccounts, but you will not be able to allocate Purchase Payments or transfer Contract Value to these Subaccounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

If you had Contract Value allocated to the Vanguard<sup>®</sup> VIF Small Company Growth Subaccount on May 1, 2019, your Contract Value will remain invested in that Subaccount and you may continue to allocate Purchase Payments or transfer Contract Value to or from that Subaccount, subject to transfer restrictions. Automatic allocation instructions involving the Vanguard<sup>®</sup> VIF Small Company Growth Subaccount pursuant to an Automatic Allocation Program will remain in effect.

**Dollar Cost Averaging Option —** For no additional charge, prior to the Annuity Start Date, you may dollar cost average your Contract Value by authorizing the Company to make periodic transfers of Contract Value from any one Subaccount to one or more of the other Subaccounts. Dollar cost averaging is a systematic method of investing in which securities are purchased at regular intervals in fixed dollar amounts so that the cost of the securities gets averaged over time and possibly over various market cycles. The option will result in the transfer of Contract Value from one Subaccount to one or more of the other Subaccounts. Amounts transferred under this option will be credited at the price of the Subaccount as of the end of the Valuation Dates on which the transfers are effected. Since the price of a Subaccount's Accumulation Units will vary, the amounts transferred to a Subaccount will result in the crediting of a greater number of units when the price is low and a lesser number of units when the price is high. Similarly, the amounts transferred from a Subaccount will result in a debiting of a greater number of units when the price is low and a lesser number of units when the price is high. Dollar cost averaging does not guarantee profits, nor does it assure that you will not have losses.

A Dollar Cost Averaging form is available upon request. On the form, you must designate whether Contract Value is to be transferred on the basis of a specific dollar amount, a fixed period or earnings only, the Subaccount or

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Subaccounts to and from which the transfers will be made, the desired frequency of the transfers, which may be on a monthly, quarterly, semiannual or annual basis, and the length of time during which the transfers shall continue or the total amount to be transferred over time. The minimum amount that may be transferred to any one Subaccount is $25.00. The Company does not require that transfers be continued over any minimum period of time, although typically dollar cost averaging would extend over a period of at least one year.

After the Company has received a Dollar Cost Averaging request in proper form at its Administrative Office, the Company will transfer Contract Value in the amounts you designate from the Subaccount from which transfers are to be made to the Subaccount or Subaccounts you have chosen. The Company will effect each transfer on the date you specify or if no date is specified, on the monthly, quarterly, semiannual or annual anniversary, whichever corresponds to the period selected, as of the date of receipt at the Administrative Office of a Dollar Cost Averaging request in proper form. Transfers will be made until the total amount elected has been transferred, or until Contract Value in the Subaccount from which transfers are made has been depleted. Amounts periodically transferred under this option are not included in the 14 transfers per Contract Year that generally are allowed as discussed under "Transfers of Contract Value."

You may make changes to the option by writing to the Company's Administrative Office or by telephone provided the proper form is completed, signed, and received by the Company. You may instruct the Company at any time to terminate the option by written request to the Company's Administrative Office. In that event, the Contract Value in the Subaccount from which transfers were being made that has not been transferred will remain in that Subaccount unless you instruct us otherwise. If you wish to continue transferring on a dollar cost averaging basis after the expiration of the applicable period, the total amount elected has been transferred, or the Subaccount has been depleted, or after the Dollar Cost Averaging Option has been canceled, a new Dollar Cost Averaging form must be completed and sent to the Administrative Office. The Company requires that you wait at least a month if transfers were made on a monthly basis, a quarter if transfers were made on a quarterly basis, six months if transfers were made on a semiannual basis or one year if transfers were made on an annual basis, before reinstating Dollar Cost Averaging after it has been terminated for any reason. The Company may discontinue, modify, or suspend the Dollar Cost Averaging Option at any time. The Company does not currently charge a fee for this option. If you elect the Dollar Cost Averaging Option, you may also elect the Asset Reallocation Option.

**Asset Reallocation Option —** For no additional charge, prior to the Annuity Start Date, you may authorize the Company to automatically transfer Contract Value on a monthly, quarterly, semiannual or annual basis to maintain a particular percentage allocation among the Subaccounts. The Contract Value allocated to each Subaccount will grow or decline in value at different rates during the selected period, and Asset Reallocation automatically reallocates the Contract Value in the Subaccounts to the allocation you selected on a monthly, quarterly, semiannual or annual basis, as you select. Asset Reallocation is intended to transfer Contract Value from those Subaccounts that have increased in value to those Subaccounts that have declined in value. Over time, this method of investing may help you buy low and sell high. This investment method does not guarantee profits, nor does it assure that you will not have losses.

To elect this option an Asset Reallocation request in proper form must be received by the Company at its Administrative Office. An Asset Reallocation form is available upon request. On the form, you must indicate the applicable Subaccounts, the applicable time period and the percentage of Contract Value to be allocated to each Subaccount.

Upon receipt of the Asset Reallocation form, the Company will effect a transfer among the Subaccounts based upon the percentages that you selected. Thereafter, the Company will transfer Contract Value to maintain that allocation on each monthly, quarterly, semiannual or annual anniversary, as applicable, as of the date of the Company's receipt of the Asset Reallocation request in proper form. The amounts transferred will be credited at the price of the Subaccount as of the end of the Valuation Date on which the transfer is effected. Amounts periodically transferred under this option are not included in the 14 transfers per Contract Year that generally are allowed as discussed under "Transfers of Contract Value."

You may make changes to the option by writing to the Company's Administrative Office or by telephone provided the proper form is completed, signed, and received at the Company's Administrative Office. You may instruct the Company at any time to terminate this option by written request to the Company's Administrative Office. In that event, the Contract Value in the Subaccounts that has not been transferred will remain in those Subaccounts regardless of the percentage allocation unless you instruct us otherwise. If you wish to continue Asset Reallocation after it has been canceled, a new Asset Reallocation form must be completed and sent to the Company's Administrative Office. The Company may discontinue, modify, or suspend, and reserves the right to charge a fee, for the Asset Reallocation Option at any time. The Company does not currently charge a fee for this option. If you elect the Asset Reallocation Option, you may also elect the Dollar Cost Averaging Option.

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**Transfers of Contract Value —** You may transfer Contract Value among the Subaccounts upon proper written request to the Company's Administrative Office both before and after the Annuity Start Date. You may make transfers (other than transfers pursuant to the Dollar Cost Averaging and Asset Reallocation Options) by telephone if the Electronic Transfer Privilege section of the application or the proper form has been completed, signed and received at the Company's Administrative Office. The minimum transfer amount is $500, or the amount remaining in a given Subaccount. The minimum transfer amount does not apply to transfers under the Dollar Cost Averaging or Asset Reallocation Options.

The Company generally effects transfers between or from the Subaccounts at their respective Accumulation Unit values as of the close of the Valuation Period during which the transfer request is received; however, transfer requests received at or after the applicable cut-off time on any Valuation Date will be effected at the Accumulation Unit value determined on the following Valuation Date. Normally, the cut-off time for transfer requests is 2:00 p.m. Central time. If regular trading on the New York Stock Exchange closes prior to 3:00 p.m. Central time, the cut-off time for transfer requests will be one hour prior to closing. See "Cut-Off Times." In addition, a transfer request will not be processed until it is in good order. In this regard, "good order" means that the transfer request is preceded or accompanied by sufficient information to properly execute the transfer.

The Company reserves the right to limit the number of transfers to 14 in a Contract Year, although the Company does not limit the frequency of transfers with regard to the Donoghue, Rydex and certain Federated Subaccounts. In addition, transfers are subject to frequent trading restrictions described below. The Company will limit your transfers if we determine that you are engaging in a pattern of transfers that is disruptive to the Underlying Funds or potentially disadvantageous to other Owners and Participants with Contract Value allocated to the applicable Subaccount(s) and we believe that suspension of your electronic transfer privileges, as discussed below, does not adequately address your transfer activity. The Company does not assess a transfer processing fee on transfers.

**Frequent Transfer Restrictions.** The Contract is not designed for organizations or individuals engaging in a market timing strategy, or making programmed transfers, frequent transfers or transfers that are large in relation to the total assets of an Underlying Fund. These kinds of strategies and transfer activities may disrupt portfolio management of the Underlying Funds in which the Subaccounts invest (such as requiring the Underlying Fund to maintain a high level of cash or causing an Underlying Fund to liquidate investments prematurely to pay withdrawals), hurt Underlying Fund performance, and drive Underlying Fund expenses (such as brokerage and administrative expenses) higher, which are reflected in Underlying Fund performance. In addition, because other insurance companies and/or retirement plans may invest in the Underlying Funds, the risk exists that the Underlying Funds may suffer harm from programmed, frequent, or large transfers among subaccounts of variable contracts issued by other insurance companies or among investment options available to retirement plan participants. These risks and costs are borne by all shareholders of an affected Underlying Fund, Owners with Contract Value allocated to the corresponding Subaccount (as well as their Designated Beneficiaries and Annuitants) and long-term investors who do not generate these costs.

The Company has in place policies and procedures designed to restrict transfers if we determine that you are engaging in a pattern of transfers that is disruptive to the Underlying Funds or potentially disadvantageous to other Owners with Contract Value allocated to the applicable Subaccount (regardless of the number of previous transfers the Owner has made during the Contract Year). In making this determination, we monitor transfers among the Subaccounts and consider, among other things, the following factors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

the total dollar amount being transferred;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

the number of transfers you made within a period of time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

transfers to and from (or from and to) the same Subaccount;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

whether your transfers appear to follow a pattern designed to take advantage of short-term market fluctuations; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

whether your transfers appear to be part of a group of transfers made by a third party on behalf of the individual Owners in the group.

There is a risk that some Owners may engage in transfer activity in a manner that is disruptive to the Underlying Funds or potentially disadvantageous to other Owners, which may have a negative impact on such other Owners. If the Company determines that your transfer patterns among the Subaccounts are disruptive to the Underlying Funds or potentially disadvantageous to Owners, the Company may send you a letter notifying you that it is prohibiting you from making telephone transfers or other electronic transfers and instead requiring that you submit transfer requests in writing via regular U.S. mail for a disclosed period beginning on the date of the letter.

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In addition, if you make a certain number of transfers ***from*** a Subaccount followed by a transfer to that Subaccount (or ***to*** a Subaccount followed by a transfer from that Subaccount) ("round trip transfers") during the prior 12-month period (or such shorter period as specified in the chart below), the Company will prohibit further transfers to that Subaccount until such transfer may be made without violating the number of round trip transfers permitted. The Transfer Block Restriction applies only on Subaccount transfer amounts greater than $5,000.

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| |
|:---|
| **Subaccount** |
| Federated Hermes High Income Bond II<br>2<sup>1</sup> <br>|
| 1<br> Number of round trip transfers that can be made in any 12 month period before the Company will prohibit further transfers to that <br> Subaccount. Transfers to the Subaccount will be prohibited until such transfer may be made without violating the number of round trip <br> transfers set forth above. |

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Further, if you make a transfer ***from*** any of the Subaccounts listed below, then you may not make a transfer ***to*** that same Subaccount for a period of calendar days equal to the amount listed in the table below in the column titled "Transfer Block Restriction." The Transfer Block Restriction applies only on Subaccount transfer amounts greater than $5,000. The calendar day after the date of the transfer out of the particular Subaccount is considered day 1 for the purpose of computing the period before a transfer to the same Subaccount may be made. For example, if you transfer money out of the NAA SMid-Cap Value Series Subaccount on April 16, the 30 day restriction begins on April 17 and ends on May 16, which means you could transfer back into the NAA SMid-Cap Value Series Subaccount on May 17. This restriction does not apply to transfers made pursuant to the Dollar Cost Averaging and Asset Reallocation Options.

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| | |
|:---|:---|
| **Subaccount** | **Transfer**<br> **Block Restriction**<br> **(# of Calendar Days)**<br>|
| AB Discovery Value, AB Relative Value, AB Sustainable Global Thematic, AB VPS <br> Dynamic Asset Allocation<br>| 30 days |
| Alger Capital Appreciation<sup>1</sup>, Alger Large Cap Growth | 30 days |
| Allspring Opportunity VT, Allspring VT Discovery All Cap Growth | 30 days |
| ALPS/Alerian Energy Infrastructure | 30 days |
| AFIS Capital World Growth and Income, AFIS U.S. Government Securities, AFIS <br> Washington Mutual Investors, American Funds IS<sup>®</sup> Asset Allocation, American Funds IS<sup>®</sup> <br> Capital World Bond, American Funds IS<sup>®</sup> EUPAC Fund<sup>TM</sup>, American Funds IS<sup>®</sup> Global <br> Growth, American Funds IS<sup>®</sup> Growth, American Funds IS<sup>®</sup> Growth-Income, American <br> Funds IS<sup>®</sup> International Growth and Income, American Funds IS<sup>®</sup> Mortgage, American <br> Funds IS<sup>®</sup> New World, American Funds IS<sup>®</sup> SMALLCAP World Fund<sup>®</sup><br>| 30 days |
| BlackRock Advantage Large Cap Core V.I., BlackRock Basic Value V.I., BlackRock Capital <br> Appreciation V.I., BlackRock Equity Dividend V.I., BlackRock Global Allocation V.I., <br> BlackRock High Yield V.I., BlackRock Large Cap Focus Growth V.I.<br>| 30 days |
| BNY Mellon IP Small Cap Stock Index, BNY Mellon IP Technology Growth, BNY Mellon <br> Stock Index, BNY Mellon VIF Appreciation<br>| 60 days |
| Dimensional VA Equity Allocation, Dimensional VA Global Bond Portfolio, Dimensional VA <br> Global Moderate Allocation, Dimensional VA International Small Portfolio, Dimensional VA <br> International Value Portfolio, Dimensional VA Short-Term Fixed Portfolio, Dimensional VA <br> U.S. Large Value Portfolio, Dimensional VA U.S. Targeted Value Portfolio<br>| 30 days |
| Donoghue Forlines Dividend VIT Fund, Donoghue Forlines Momentum VIT Fund | Unlimited |
| DWS Small Mid Cap Value VIP | 30 days |
| Eaton Vance VT Floating-Rate Income | 90 days |
| Federated Hermes Fund for U.S. Government Securities II | Unlimited |
| Federated Hermes High Income Bond II | Subject to the<br> Round Trip <br> Transfer restrictions<br> in the chart above<br>|

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| | |
|:---|:---|
| **Subaccount** | **Transfer**<br> **Block Restriction**<br> **(# of Calendar Days)**<br>|
| Fidelity<sup>®</sup> VIP Balanced, Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup>, Fidelity<sup>®</sup> VIP Disciplined Small Cap, <br> Fidelity<sup>®</sup> VIP Emerging Markets, Fidelity<sup>®</sup> VIP Growth & Income, Fidelity<sup>®</sup> VIP Growth <br> Opportunities, Fidelity<sup>®</sup> VIP High Income, Fidelity<sup>®</sup> VIP Index 500, Fidelity<sup>®</sup> VIP Investment <br> Grade Bond, Fidelity<sup>®</sup> VIP Mid Cap, Fidelity<sup>®</sup> VIP Overseas, Fidelity<sup>®</sup> VIP Real Estate, <br> Fidelity<sup>®</sup> VIP Strategic Income<br>| 60 days |
| Franklin DynaTech VIP Fund, Franklin Growth and Income VIP Fund, Franklin Income VIP <br> Fund, Franklin Large Cap Growth VIP Fund, Franklin Mutual Global Discovery VIP Fund, <br> Franklin Mutual Shares VIP Fund, Franklin Rising Dividends VIP Fund, Franklin Small Cap <br> Value VIP Fund, Franklin Small-Mid Cap Growth VIP Fund, Franklin Strategic Income VIP <br> Fund, Franklin U.S. Government Securities VIP Fund<br>| 30 days |
| Goldman Sachs VIT International Equity Insights, Goldman Sachs VIT Large Cap Value, <br> Goldman Sachs VIT Mid Cap Growth, Goldman Sachs VIT Mid Cap Value, Goldman <br> Sachs VIT Small Cap Equity Insights, Goldman Sachs VIT Strategic Growth<br>| 30 days |
| Guggenheim VIF Floating Rate Strategies, Guggenheim VIF Global Managed Futures <br> Strategy, Guggenheim VIF High Yield, Guggenheim VIF Multi-Hedge Strategies, <br> Guggenheim VIF Total Return Bond<br>| 30 days |
| Invesco V.I. American Franchise, Invesco V.I. American Value, Invesco V.I. Balanced-Risk <br> Allocation, Invesco V.I. Comstock, Invesco V.I. Core Equity, Invesco V.I. Discovery Mid Cap <br> Growth, Invesco V.I. Equally-Weighted S&P 500, Invesco V.I. Equity and Income, Invesco <br> V.I. EQV International Equity, Invesco V.I. Global, Invesco V.I. Global Real Estate, Invesco <br> V.I. Global Strategic Income, Invesco V.I. Government Securities, Invesco V.I. Growth and <br> Income, Invesco V.I. Health Care, Invesco V.I. High Yield, Invesco V.I. International Growth, <br> Invesco V.I. Main Street Mid Cap Fund<sup>®</sup>, Invesco V.I. Main Street Small Cap Fund<sup>®</sup>, <br> Invesco V.I. S&P Buffer Fund – December, Invesco V.I. S&P Buffer Fund – June, Invesco <br> V.I. S&P Buffer Fund – March, Invesco V.I. S&P Buffer Fund – September, Invesco V.I. <br> Small Cap Equity<br>| 30 days |
| Janus Henderson VIT Enterprise, Janus Henderson VIT Forty, Janus Henderson VIT Mid <br> Cap Value, Janus Henderson VIT Overseas, Janus Henderson VIT Research<br>| 30 days |
| Lord Abbett Series Bond-Debenture VC, Lord Abbett Series Developing Growth VC<sup>2</sup>, Lord <br> Abbett Series Dividend Growth VC, Lord Abbett Series Fundamental Equity VC, Lord <br> Abbett Series Growth and Income VC, Lord Abbett Series Growth Opportunities VC, Lord <br> Abbett Series Mid Cap Stock VC, Lord Abbett Series Total Return VC<br>| 30 days |
| LVIP American Century Inflation Protection, LVIP American Century International, LVIP <br> American Century Mid Cap Value, LVIP American Century Value, LVIP Avantis Large Cap <br> Value, LVIP JPMorgan Core Bond, LVIP JPMorgan Small Cap Core, LVIP JPMorgan U.S. <br> Equity<br>| 30 days |
| MFS<sup>®</sup> VIT Emerging Markets Equity, MFS<sup>®</sup> VIT Global Tactical Allocation, MFS<sup>®</sup> VIT High <br> Yield, MFS<sup>®</sup> VIT II MA Investors Growth Stock, MFS<sup>®</sup> VIT II Research International, MFS<sup>®</sup> <br> VIT International Intrinsic Equity, MFS<sup>®</sup> VIT Investors Trust, MFS<sup>®</sup> VIT New Discovery, <br> MFS<sup>®</sup> VIT Research, MFS<sup>®</sup> VIT Total Return, MFS<sup>®</sup> VIT Total Return Bond, MFS<sup>®</sup> VIT <br> Utilities<br>| 30 days |
| Morgan Stanley VIF Emerging Markets Debt, Morgan Stanley VIF Emerging Markets <br> Equity<br>| 30 days |
| Morningstar Aggressive Growth ETF Asset Allocation Portfolio, Morningstar Balanced ETF <br> Asset Allocation Portfolio, Morningstar Conservative ETF Asset Allocation Portfolio, <br> Morningstar Growth ETF Asset Allocation Portfolio, Morningstar Income and Growth ETF <br> Asset Allocation Portfolio<br>| 30 days |
| NAA All Cap Value Series, NAA Large Cap Value Series, NAA Large Core Series, NAA <br> Large Growth Series, NAA Mid Growth Series, NAA Small Cap Value Series, NAA Small <br> Growth Series, NAA SMid-Cap Value Series, NAA World Equity Income Series<br>| 30 days |
| Neuberger Berman Quality Equity Portfolio | 30 days |

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| | |
|:---|:---|
| **Subaccount** | **Transfer**<br> **Block Restriction**<br> **(# of Calendar Days)**<br>|
| Nomura VIP Asset Strategy, Nomura VIP Balanced, Nomura VIP Core Equity, Nomura VIP <br> Energy, Nomura VIP Global Growth, Nomura VIP Growth, Nomura VIP High Income, <br> Nomura VIP International Core Equity, Nomura VIP Limited-Term Bond, Nomura VIP Mid <br> Cap Growth, Nomura VIP Natural Resources, Nomura VIP Science and Technology, <br> Nomura VIP Small Cap Growth, Nomura VIP Smid Cap Core, Nomura VIP Value<br>| 60 days |
| PIMCO VIT All Asset, PIMCO VIT CommodityRealReturn Strategy, PIMCO VIT Emerging <br> Markets Bond, PIMCO VIT Global Bond Opportunities (Unhedged), PIMCO VIT Global <br> Managed Asset Allocation, PIMCO VIT High Yield, PIMCO VIT Low Duration, PIMCO VIT <br> Real Return, PIMCO VIT Short-Term, PIMCO VIT Total Return<br>| 30 days |
| Putnam VT Core Equity, Putnam VT Diversified Income, Putnam VT Global Asset <br> Allocation, Putnam VT High Yield, Putnam VT Income, Putnam VT Large Cap Growth, <br> Putnam VT Large Cap Value, Putnam VT Small Cap Growth<br>| 30 days |
| Rydex VIF Banking, Rydex VIF Basic Materials, Rydex VIF Biotechnology, Rydex VIF <br> Commodities Strategy, Rydex VIF Consumer Products, Rydex VIF Dow 2x Strategy<sup>3</sup>, <br> Rydex VIF Electronics, Rydex VIF Energy, Rydex VIF Energy Services, Rydex VIF Europe <br> 1.25x Strategy<sup>3</sup>, Rydex VIF Financial Services, Rydex VIF Government Long Bond 1.2x <br> Strategy<sup>3</sup>, Rydex VIF Health Care, Rydex VIF High Yield Strategy, Rydex VIF Internet, <br> Rydex VIF Inverse Dow 2x Strategy<sup>3</sup>, Rydex VIF Inverse Government Long Bond <br> Strategy<sup>3</sup>, Rydex VIF Inverse Mid-Cap Strategy<sup>3</sup>, Rydex VIF Inverse NASDAQ-100<sup>®</sup> <br> Strategy<sup>3</sup>, Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy<sup>3</sup>, Rydex VIF Inverse S&P 500 <br> Strategy<sup>3</sup>, Rydex VIF Japan 2x Strategy<sup>3</sup>, Rydex VIF Leisure, Rydex VIF Mid-Cap 1.5x <br> Strategy<sup>3</sup>, Rydex VIF NASDAQ-100<sup>®</sup> Strategy<sup>3</sup>, Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy<sup>3</sup>, <br> Rydex VIF Nova<sup>3</sup>, Rydex VIF Precious Metals, Rydex VIF Real Estate, Rydex VIF <br> Retailing, Rydex VIF Russell 2000 1.5x Strategy<sup>3</sup>, Rydex VIF Russell 2000<sup>®</sup> 2x Strategy<sup>3</sup>, <br> Rydex VIF S&P 500 2x Strategy<sup>3</sup>, Rydex VIF S&P 500 Pure Growth, Rydex VIF S&P 500 <br> Pure Value, Rydex VIF S&P MidCap 400 Pure Growth, Rydex VIF S&P MidCap 400 Pure <br> Value, Rydex VIF S&P SmallCap 600 Pure Growth, Rydex VIF S&P SmallCap 600 Pure <br> Value, Rydex VIF Strengthening Dollar 2x Strategy<sup>3</sup>, Rydex VIF Technology, Rydex VIF <br> Telecommunications, Rydex VIF Transportation, Rydex VIF U.S. Government Money <br> Market, Rydex VIF Utilities, Rydex VIF Weakening Dollar 2x Strategy<sup>3</sup> <br>| Unlimited |
| T. Rowe Price Blue Chip Growth, T. Rowe Price Equity Income, T. Rowe Price Health <br> Sciences, T. Rowe Price Limited-Term Bond<br>| 30 days |
| Templeton Emerging Markets VIP Fund, Templeton Foreign VIP Fund, Templeton Global <br> Bond VIP Fund, Templeton Growth VIP Fund<br>| 30 days |
| Third Avenue Value | 90 days |
| TOPS<sup>®</sup> Aggressive ETF, TOPS<sup>®</sup> Balanced ETF, TOPS<sup>®</sup> Conservative ETF, TOPS<sup>®</sup> <br> Managed Risk Balanced ETF, TOPS<sup>®</sup> Managed Risk Moderate ETF, TOPS<sup>®</sup> Managed Risk <br> Moderately Aggressive ETF, TOPS<sup>®</sup> Moderate ETF, TOPS<sup>®</sup> Moderately Aggressive ETF<br>| 30 days |
| VanEck VIP Global Gold, VanEck VIP Global Resources | 30 days |
| Vanguard<sup>®</sup> VIF Balanced, Vanguard<sup>®</sup> VIF Conservative Allocation, Vanguard<sup>®</sup> VIF <br> Diversified Value, Vanguard<sup>®</sup> VIF Equity Income, Vanguard<sup>®</sup> VIF Equity Index, Vanguard<sup>®</sup> <br> VIF Global Bond Index, Vanguard<sup>®</sup> VIF Growth, Vanguard<sup>®</sup> VIF High Yield Bond, <br> Vanguard<sup>®</sup> VIF International, Vanguard<sup>®</sup> VIF Mid-Cap Index, Vanguard<sup>®</sup> VIF Moderate <br> Allocation, Vanguard<sup>®</sup> VIF PRIMECAP, Vanguard<sup>®</sup> VIF Real Estate Index, Vanguard<sup>®</sup> VIF <br> Short Term Investment Grade, Vanguard<sup>®</sup> VIF Small Company Growth<sup>4</sup>, Vanguard<sup>®</sup> VIF <br> Total Bond Market Index, Vanguard<sup>®</sup> VIF Total International Stock Market Index, Vanguard<sup>®</sup> <br> VIF Total Stock Market Index<br>| 30 days |
| Victory Pioneer Bond VCT, Victory Pioneer Equity Income VCT, Victory Pioneer High Yield <br> VCT, Victory Pioneer Strategic Income VCT<br>| 30 days |

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| | |
|:---|:---|
| **Subaccount** | **Transfer**<br> **Block Restriction**<br> **(# of Calendar Days)**<br>|
| Virtus Duff & Phelps Real Estate Securities Series, Virtus KAR Small-Cap Growth Series, <br> Virtus Newfleet Multi-Sector Intermediate Bond Series, Virtus SGA International Growth <br> Series, Virtus Tactical Allocation Series<br>| 30 days |
| Voya MidCap Opportunities Portfolio | 30 days |
| VY CBRE Global Real Estate Portfolio, VY Columbia Real Estate Portfolio | 30 days |
| Western Asset Variable Global High Yield Bond | 30 days |
| 1<br> You may transfer Contract Value to the Alger Capital Appreciation Subaccount only if you had Contract Value allocated to that Subaccount on <br> April 30, 2021.<br>2<br> You may transfer Contract Value to the Lord Abbett Series Developing Growth VC Subaccount only if you had Contract Value allocated to <br> that Subaccount on May 5, 2021. <br>3<br> You may transfer Contract Value to the Rydex VIF Dow 2x Strategy, Rydex VIF Europe 1.25x Strategy, Rydex VIF Government Long Bond <br> 1.2x Strategy, Rydex VIF Inverse Dow 2x Strategy, Rydex VIF Inverse Government Long Bond Strategy, Rydex VIF Inverse Mid-Cap Strategy, <br> Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy, Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy, Rydex VIF Inverse S&P 500 Strategy, Rydex VIF <br> Japan 2x Strategy, Rydex VIF Mid-Cap 1.5x Strategy, Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy, Rydex VIF Nova, Rydex VIF Russell 2000<sup>®</sup> 1.5x <br> Strategy, Rydex VIF Russell 2000<sup>®</sup> 2x Strategy, Rydex VIF S&P 500 2x Strategy, Rydex VIF Strengthening Dollar 2x Strategy, and Rydex VIF <br> Weakening Dollar 2x Strategy Subaccounts only if you had Contract Value allocated to that Subaccount on May 1, 2019.<br>4<br> You may transfer Contract Value to the Vanguard<sup>®</sup> VIF Small Company Growth Subaccount only if you had Contract Value allocated to that <br> Subaccount on May 1, 2019. | 1<br> You may transfer Contract Value to the Alger Capital Appreciation Subaccount only if you had Contract Value allocated to that Subaccount on <br> April 30, 2021.<br>2<br> You may transfer Contract Value to the Lord Abbett Series Developing Growth VC Subaccount only if you had Contract Value allocated to <br> that Subaccount on May 5, 2021. <br>3<br> You may transfer Contract Value to the Rydex VIF Dow 2x Strategy, Rydex VIF Europe 1.25x Strategy, Rydex VIF Government Long Bond <br> 1.2x Strategy, Rydex VIF Inverse Dow 2x Strategy, Rydex VIF Inverse Government Long Bond Strategy, Rydex VIF Inverse Mid-Cap Strategy, <br> Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy, Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy, Rydex VIF Inverse S&P 500 Strategy, Rydex VIF <br> Japan 2x Strategy, Rydex VIF Mid-Cap 1.5x Strategy, Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy, Rydex VIF Nova, Rydex VIF Russell 2000<sup>®</sup> 1.5x <br> Strategy, Rydex VIF Russell 2000<sup>®</sup> 2x Strategy, Rydex VIF S&P 500 2x Strategy, Rydex VIF Strengthening Dollar 2x Strategy, and Rydex VIF <br> Weakening Dollar 2x Strategy Subaccounts only if you had Contract Value allocated to that Subaccount on May 1, 2019.<br>4<br> You may transfer Contract Value to the Vanguard<sup>®</sup> VIF Small Company Growth Subaccount only if you had Contract Value allocated to that <br> Subaccount on May 1, 2019. |

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In addition to the Company's own frequent transfer procedures, the Underlying Funds may have adopted their own policies and procedures with respect to frequent transfer of their respective shares, and the Company reserves the right to enforce these policies and procedures. The prospectuses for the Underlying Funds describe any such policies and procedures, which may be more or less restrictive than the policies and procedures the Company has adopted. In particular, some of the Underlying Funds have reserved the right to temporarily or permanently refuse payments or transfer requests from the Company if, in the judgment of the Underlying Fund's manager, the Underlying Fund would be unable to invest effectively in accordance with its investment objective or policies, or would otherwise potentially be adversely affected.

You should be aware that the Company currently may not have the contractual obligation or the operational capacity to apply the Underlying Funds' frequent transfer policies and procedures. However, under SEC rules, the Company is required to: (1) enter into a written agreement with each Underlying Fund or its principal underwriter that obligates the Company to provide to the Underlying Fund promptly upon request certain information about the trading activity of individual Owners, and (2) execute instructions from the Underlying Fund to restrict or prohibit further purchases or transfers by specific Owners who violate the frequent transfer policies established by the Underlying Fund.

Managers of the Underlying Funds may contact the Company if they believe or suspect that there is market timing or other potentially harmful trading, and, if so, the Company will take appropriate action to protect others. In particular, the Company may, and the Company reserves the right to, reverse a potentially harmful transfer. If the Company reverses a potentially harmful transfer, it will effect such reversal not later than the close of business on the second Valuation Date following the Valuation Date in which the original transfer was effected, and the Company will inform the Owner in writing at his or her address of record.

To the extent permitted by applicable law, the Company also reserves the right to reject a transfer request at any time that the Company is unable to purchase or redeem shares of any of the Underlying Funds because of any refusal or restriction on purchases or redemptions of their shares as a result of the Underlying Fund's policies and procedures on market timing activities or other potentially abusive transfers. The Company also reserves the right to implement, administer, and collect redemption fees imposed by one or more of the Underlying Funds in the future. You should read the prospectuses of the Underlying Funds for more details on their ability to refuse or restrict purchases or redemptions of their shares.

In its sole discretion, the Company may revise its market timing procedures at any time without prior notice as the Company deems necessary or appropriate to better detect and deter programmed, frequent, or large transfers that may adversely affect other Owners, or Underlying Fund shareholders, to comply with state or federal regulatory requirements, or to impose additional or alternate restrictions on market timers (such as dollar or percentage limits on transfers). The Company may change its parameters to monitor for factors other than transfer block restrictions. For purposes of applying the parameters used to detect potential market timing and other potentially harmful activity, the Company may aggregate transfers made in two or more Contracts that it believes are connected (for example,

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two Contracts with the same Owner, or owned by spouses, or owned by different partnerships or corporations that are under common control, etc.).

The Company does not include transfers made pursuant to Dollar Cost Averaging and Asset Reallocation Options in these limitations. The Company may vary its market timing procedures from Subaccount to Subaccount, and may be more restrictive with regard to certain Subaccounts than others. The Company may not always apply these detection methods to Subaccounts investing in Underlying Funds that, in its judgment, would not be particularly attractive to market timers or otherwise susceptible to harm by frequent transfers.

Owners seeking to engage in programmed, frequent, or large transfer activity may deploy a variety of strategies to avoid detection. The Company's ability to detect and deter such transfer activity is limited by operational systems and technological limitations. Furthermore, the identification of Owners determined to be engaged in transfer activity that may adversely affect other Owners, or Underlying Fund shareholders involves judgments that are inherently subjective. Accordingly, despite its best efforts, the Company cannot guarantee that its market timing procedures will detect every potential market timer, but the Company applies its market timing procedures consistently to all Owners without special arrangement, waiver, or exception, aside from allocations to the Donoghue, Rydex and certain Federated Subaccounts (see chart above), which do not limit or restrict transfers. Because other insurance companies and/or retirement plans may invest in the Underlying Funds, the Company cannot guarantee that the Underlying Funds will not suffer harm from programmed, frequent, or large transfers among subaccounts of variable contracts issued by other insurance companies or among investment options available to retirement plan participants.

The Company does not limit or restrict transfers to or from the Donoghue, Rydex and certain Federated Subaccounts (see chart above). As stated above, market timing and frequent transfer activities may disrupt portfolio management of the Underlying Funds, hurt Underlying Fund performance, and drive Underlying Fund expenses higher, which are reflected in Underlying Fund performance.

Because the Company does not reserve the unfettered right to prohibit transfers, it cannot guarantee that it can restrict or deter all harmful transfer activity, Owners bear the risks associated with such activity, including potential disruption of portfolio management of the Underlying Funds and potentially lower Underlying Fund performance and higher Underlying Fund expenses. In addition, there is a risk that the Company will not detect harmful transfer activity on the part of some Owners and, as a result, the Company will inadvertently treat those Owners differently than Owners it does not permit to engage in harmful transfer activity. Moreover, due to the Company's operational and technological limitations, as well as possible variations in the market timing policies of other insurance companies and/or retirement plans that may also invest in the Underlying Funds, some Owners may be treated differently than others. Consequently, there is a risk that some Owners may be able to engage in market timing while others suffer the adverse effects of such trading activities.

**Contract Value —** The Contract Value is the sum of the amounts under your Contract held in each Subaccount as of any Valuation Date.

On each Valuation Date, the amount of Contract Value allocated to any particular Subaccount will be adjusted to reflect the investment experience of that Subaccount. See "Determination of Contract Value." Contract Value allocated to the Subaccounts is not guaranteed by the Company. You bear the entire investment risk relating to the investment performance of Contract Value allocated to the Subaccounts.

**Determination of Contract Value —** Your Contract Value will vary depending upon several factors, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Investment performance of the Subaccounts to which you have allocated Contract Value,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Payment of Purchase Payments,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Full and partial withdrawals (including systematic withdrawals and withdrawals made to pay the fees of your investment adviser), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Charges assessed in connection with the Contract, including charges for any optional riders selected.

The amounts allocated to a Subaccount will be invested in shares of the corresponding Underlying Fund. The investment performance of each Subaccount will reflect increases or decreases in the net asset value per share of the corresponding Underlying Fund and any dividends or distributions declared by the Underlying Fund. Any dividends or distributions from any Underlying Fund will be automatically reinvested in shares of the same Underlying Fund, unless the Company, on behalf of the Separate Account, elects otherwise.

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Assets in the Subaccounts are divided into Accumulation Units, which are accounting units of measure used to calculate the value of an Owner's interest in a Subaccount. When you allocate Purchase Payments to a Subaccount, your Contract is credited with Accumulation Units. The number of Accumulation Units to be credited is determined by dividing the dollar amount, including any Credit Enhancements, allocated to the particular Subaccount by the price for the Subaccount's Accumulation Units as of the end of the Valuation Period in which the Purchase Payment is credited.

In addition, other transactions such as full or partial withdrawals (including systematic withdrawals and withdrawals made to pay the fees of your investment adviser), transfers, and assessment of certain charges against the Contract affect the number of Accumulation Units attributable to a Contract. The number of units credited or debited in connection with any such transaction is determined by dividing the dollar amount of such transaction by the price of the Accumulation Unit of the affected Subaccount next determined after receipt of the transaction request (subject to any application requirements that the transaction be in good order, as described herein). The price of each Subaccount is determined on each Valuation Date as of the close of regular trading on the New York Stock Exchange, normally 3:00 p.m. Central time. Transactions (other than transfer requests, as described herein) received at or after that time on any Valuation Date will be effected at the Accumulation Unit value determined on the following Valuation Date. See "Purchase Payments" and "Full and Partial Withdrawals."

Requests to transfer Contract Value received at or after the applicable cut-off time will be effected at the Accumulation Unit value determined on the following Valuation Date. Normally, the cut-off time for transfer requests is 2:00 p.m. Central time. If regular trading on the New York Stock Exchange closes prior to 3:00 p.m. Central time, the cut-off time for transfer requests will be one hour prior to closing. See "Cut-Off Times." The price of each Subaccount may be determined earlier if trading on the New York Stock Exchange is restricted or as permitted by the SEC.

The number of Accumulation Units credited to a Contract shall not be changed by any subsequent change in the value of an Accumulation Unit, but the dollar value of an Accumulation Unit may vary from Valuation Date to Valuation Date depending upon the investment experience of the Subaccount and charges against the Subaccount.

The price of each Subaccount's units initially was $10. The price of a Subaccount on any Valuation Date takes into account the following: (1) the investment performance of the Subaccount, which is based upon the investment performance of the corresponding Underlying Fund, (2) any dividends or distributions paid by the corresponding Underlying Fund, (3) the charges, if any, that may be assessed by the Company for taxes attributable to the operation of the Subaccount, (4) the minimum mortality and expense risk charge under the Contract of 1.00% annually, and (5) the administration charge for that Subaccount, and (6) the deduction of the Underlying Fund's fees and expenses.

The minimum mortality and expense risk charge of 1.00% and the administration charge (which ranges from 0.25% to 0.65% depending on the Subaccount) are factored into the Accumulation Unit value or "price" of each Subaccount on each Valuation Date. Each Subaccount declares a monthly subaccount adjustment and the Company deducts the Excess Charge from this monthly subaccount adjustment upon its reinvestment in the Subaccount. The Excess Charge is a percentage of your Contract Value allocated to the Subaccount as of the reinvestment date. The monthly subaccount adjustment is paid only for the purpose of collecting the Excess Charge. Assuming that you owe a charge above the minimum mortality and expense risk charge and the administration charge, your Contract Value will be reduced in the amount of your Excess Charge upon reinvestment of the Subaccount's monthly subaccount adjustment. The Company deducts the Excess Charge only upon reinvestment of the monthly subaccount adjustment and does not assess an Excess Charge upon a full or partial withdrawal from the Contract. The Company reserves the right to compute and deduct the Excess Charge from each Subaccount on each Valuation Date. See the Statement of Additional Information for a more detailed discussion of how the Excess Charge is deducted.

**Cut-Off Times —** We refer to the times by which financial transactions must be received to be processed on the current Valuation Date as "cut-off times." Any written, electronic, or telephonic transactions involving your Contract, other than requests to transfer Contract Value among the Subaccounts, must be received by us prior to any announced closing of regular trading on the New York Stock Exchange to be processed on the current Valuation Date. The New York Stock Exchange normally closes at 3:00 p.m. Central time, so financial transactions (other than transfers) normally must be received prior to 3:00 p.m. Central time. Financial transactions (other than transfers) received at or after the cut-off time will be processed on the following Valuation Date. Financial transactions include full and partial withdrawals (including systematic withdrawals and withdrawals to pay investment advisory fees), death benefit payments, and Purchase Payments.

Any request to transfer Contract Value among the Subaccounts, including those submitted by telephone, must be received by us no later than one hour prior to any announced closing of regular trading on the New York Stock Exchange to be processed on the current Valuation Date. This means transfer requests must normally be received

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by 2:00 p.m. Central time. Transfer requests received at or after the cut-off time will be processed on the following Valuation Date. The Company may extend the cut-off time to 15 minutes prior to any announced closing (generally 2:45 p.m. Central time) for transfers submitted electronically through the Company's Internet web site. Internet functionality is available only to Owners who have authorized their financial representatives to make financial transactions on their behalf.

**Full and Partial Withdrawals —** An Owner may make a partial withdrawal of Contract Value or surrender the Contract for its Withdrawal Value. A full or partial withdrawal, including systematic withdrawals and withdrawals to pay investment advisory fees, may be taken from Contract Value at any time while the Owner is living and before the Annuity Start Date, subject to limitations under applicable law. Withdrawals (other than systematic withdrawals or withdrawals to pay investment advisory fees) after the Annuity Start Date are permitted only under Annuity Options 5, 6 and 7 (and only if the Owner has elected variable annuity payments under Annuity Option 7). See "Annuity Period" for a discussion of withdrawals after the Annuity Start Date. A full or partial withdrawal request will be effective as of the end of the Valuation Period that it is received by the Company at its Administrative Office; however, if the request is received on a Valuation Date at or after the cut-off time (normally 3:00 p.m. Central time), the withdrawal will be effected at the Accumulation Unit value determined on the following Valuation Date. See "Cut-Off Times." In addition, a withdrawal will not be processed until it is in good order. In this regard, "good order" means that the withdrawal request is accompanied by a properly completed Withdrawal Request form (including the Owner's signature and, if applicable, the written consent of any effective assignee or irrevocable beneficiary).

The proceeds received upon a full withdrawal will be the Contract's Withdrawal Value. The Withdrawal Value is equal to the Contract Value as of the end of the Valuation Period during which the withdrawal is processed, less any uncollected premium taxes to reimburse the Company for any tax on premiums on a Contract that may be imposed by various states and municipalities. See "Premium Tax Charge." The Withdrawal Value during the Annuity Period for variable annuity payments (or a combination of variable and fixed annuity payments) under Annuity Option 7 is the present value of future annuity payments commuted at the assumed interest rate, less any uncollected premium taxes.

The Company requires the signature of all Owners on any request for withdrawal. The Company also requires a guarantee of all such signatures to effect the transfer or exchange of all of the Contract, or any part of the Contract in excess of $25,000, for another investment. The signature guarantee must be provided by an eligible guarantor, such as a bank, broker, credit union, national securities exchange or savings association. Notarization is not an acceptable form of signature guarantee. The Company further requires that any request to transfer or exchange all or part of the Contract for another investment be made upon a transfer form provided by the Company which is available upon request.

A partial withdrawal may be requested for a specified percentage or dollar amount of Contract Value. Each partial withdrawal must be at least $500 except systematic withdrawals discussed below and withdrawals to pay investment advisory fees. A request for a partial withdrawal (including systematic withdrawals and withdrawals to pay investment advisory fees) will result in a payment by the Company of the amount specified in the partial withdrawal request less any applicable premium tax charge. Alternatively, you may request that any premium tax charge be deducted from your remaining Contract Value, provided there is sufficient Contract Value available. Upon payment, your Contract Value will be reduced by an amount equal to the payment, or if you requested that any charges be deducted from your remaining Contract Value, your Contract Value also will be reduced by the amount of any such premium tax charge . See "Premium Tax Charge."

If a partial withdrawal (other than a systematic withdrawal or a withdrawal to pay investment advisory fees) is requested after the first Contract Year that would leave the Withdrawal Value in the Contract less than $2,000 and no Purchase Payments have been paid for three years, the Company reserves the right to terminate the Contract and pay the Contract Value in one sum to the Owner. However, the Company will first notify the Owner that the Contract is subject to termination, and will only terminate the Contract if, after 90 days following the date of the notice, the Owner has not made any Purchase Payments to increase the Withdrawal Value to $2,000.

The Company will deduct the amount of a partial withdrawal from the Contract Value in the Subaccounts, according to the Owner's instructions to the Company. If you do not specify the allocation, the Company will deduct the withdrawal in the same proportion that Contract Value is allocated among the Subaccounts.

A full or partial withdrawal, including a systematic withdrawal or a withdrawal to pay investment advisory fees, may result in receipt of taxable income to the Owner and, if made prior to the Owner attaining age 59½, may be subject to a 10% penalty tax. The tax consequences of a withdrawal under the Contract should be carefully considered. See "Federal Tax Matters."

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**Withdrawals to Pay Advisory Fees —** The deduction of advisory fees from your Contract Value is treated as a withdrawal under the Contract. The deduction of advisory fees will not count toward the annual free withdrawal amount. Deductions from your Contract Value to pay advisory fees will reduce the death benefit, perhaps significantly.

Withdrawals to pay advisory fees may still be treated as withdrawals for tax purposes by the Company and/or the IRS. For Non-Qualified Contracts, all or a portion of the charges deducted from your Contract Value to pay advisory fees to a financial intermediary may be subject to federal and state income taxes and a 10% federal penalty tax.

A tax-free partial exchange may become taxable if an advisory fee is paid from your Contract Value within 180 days of the partial exchange. Consult your tax adviser for advice concerning tax-free partial exchanges and the impact of deducting advisory fees from your Contract Value.

**Systematic Withdrawals —** For no additional charge, the Company currently offers a feature under which you may select systematic withdrawals. Under this feature, an Owner may elect to receive systematic withdrawals while the Owner is living and before the Annuity Start Date by sending a properly completed Scheduled Systematic Withdrawal form to the Company at its Administrative Office. This option may be elected at any time. An Owner may designate the systematic withdrawal amount as a percentage of Contract Value allocated to the Subaccounts, as a fixed period, as level payments, as a specified dollar amount, as all earnings in the Contract, or based upon the life expectancy of the Owner or the Owner and a beneficiary. An Owner also may designate the desired frequency of the systematic withdrawals, which may be monthly, quarterly, semiannual or annual. The Owner may stop or modify systematic withdrawals upon proper written request received by the Company at its Administrative Office at least 30 days in advance of the requested date of termination or modification. A proper request must include the written consent of any effective assignee or irrevocable beneficiary, if applicable.

Each systematic withdrawal must be at least $100. Upon payment, your Contract Value will be reduced by an amount equal to the payment proceeds plus premium tax. Contract Value will also be reduced by a percentage of any Credit Enhancements that have not yet vested. See "Extra Credit."

If an Owner is enrolled in the Dollar Cost Averaging or Asset Reallocation Options, the Owner may not elect to receive systematic withdrawals from any Subaccount that is part of the Dollar Cost Averaging or Asset Reallocation Options.

In no event will the amount of a systematic withdrawal exceed the Contract Value less any uncollected premium taxes (the "Withdrawal Value"). **The Contract will automatically terminate if a systematic withdrawal causes the Contract's Withdrawal Value to equal zero.**

The Company will effect each systematic withdrawal as of the end of the Valuation Period during which the withdrawal is scheduled. The deduction caused by the systematic withdrawal will be allocated to your Contract Value in the Subaccounts, as you have directed. If you do not specify the allocation, the Company will deduct the systematic withdrawal in the same proportion that Contract Value is allocated among the Subaccounts.

The Company may, at any time, discontinue, modify, suspend or charge a fee for systematic withdrawals. You should consider carefully the tax consequences of a systematic withdrawal, including the 10% penalty tax which may be imposed on withdrawals made prior to the Owner attaining age 59½. See "Federal Tax Matters."

**Free-Look Right —** You may return a Contract within the Free-Look Period, which is generally a ten-day period beginning when you receive the Contract (60 days from the date of receipt if you are purchasing the Contact to replace another life insurance or annuity contract or with the proceeds of another such contract). Purchase Payments received during the Free-Look period will be allocated according to your instructions contained in the application or more recent instructions, if any. If you return your Contract during the Free-Look Period, the Company will then deem void the returned Contract and will refund to you Contract Value based upon the value of Accumulation Units next determined after we receive your Contract, plus any charges deducted from such Contract Value.

**Death Benefit —** You should consider the following provisions carefully when choosing the Designated Beneficiary, Annuitant, any Joint Annuitant, and any Joint Owner, as well as before changing any of these parties. Naming different persons as Owner(s), Annuitant(s) and Designated Beneficiary(ies) can have important impacts on whether the death benefit is paid, and on who would receive it.

If an Owner dies prior to the Annuity Start Date while this Contract is in force, the Company will calculate the death benefit proceeds payable to the Designated Beneficiary as of the Valuation Date the Company receives due proof of the Owner's death and instructions regarding payment to the Designated Beneficiary. If there are Joint Owners, the death benefit proceeds will be calculated upon receipt of due proof of death of either Owner, and instructions regarding payment.

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If the surviving spouse of the deceased Owner is the sole Designated Beneficiary, such spouse may elect to continue the Contract in force, subject to certain limitations. See "Distribution Requirements." If any Owner is not a natural person, the death benefit proceeds will be payable as of the date the Company receives due proof of death of the Annuitant prior to the Annuity Start Date and instructions regarding payment. If the death of an Owner occurs on or after the Annuity Start Date, any applicable death benefit will terminate at the Annuity Start Date without value. See "Annuity Options."

The death benefit proceeds will be the death benefit reduced by any uncollected premium tax. If an Owner dies (or the Annuitant dies, if any Owner is not a natural person) prior to the Annuity Start Date while this Contract is in force, the amount of the death benefit will be the Contract Value on the Valuation Date due proof of death and instructions regarding payment are received by the Company.

If you purchased the Return of Premium Death Benefit rider, your death benefit will be determined in accordance with the terms of the rider. **Please note that, under the rider, if we do not receive due proof of death and instructions regarding payment for each Designated Beneficiary at our Administrative Office within six months of the date of the Owner's death, the death benefit will be the Contract Value on the Valuation Date we receive due proof of death and instructions regarding payment, less any uncollected premium tax. See the discussion of the Return of Premium Death Benefit.** Your death benefit proceeds under the rider will be the death benefit reduced by any uncollected premium tax.

The death benefit proceeds will be paid to the Designated Beneficiary in a single sum or under one of the Annuity Options, as elected by the Designated Beneficiary. However, if the Owner has completed a restricted beneficiary designation form, the death benefit proceeds will be paid to the Designated Beneficiary in the manner specified on the form. If the Designated Beneficiary is to receive annuity payments under an Annuity Option, there may be limits under applicable law on the amount and duration of payments that the Beneficiary may receive, and requirements respecting timing of payments. Under a Qualified Contract, most non-spouse Designated Beneficiaries will be required to receive all proceeds within ten years. A tax adviser should be consulted in considering Annuity Options. See "Federal Tax Matters" and "Distribution Requirements" for a discussion of the tax consequences in the event of death.

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of 3 to 5 years from the Contract's Annuity Start Date or date the death benefit is due and payable. For example, if the payment of a death benefit has been triggered, but the Designated Beneficiary does not come forward to claim the death benefit in a timely manner, the death benefit will be paid to the abandoned property division or unclaimed property office of the state in which the Designated Beneficiary or the Owner last resided, as shown on our books and records, or to our state of domicile. This "escheatment" is revocable, however, and the state is obligated to pay the death benefit (without interest) if your Designated Beneficiary steps forward to claim the death benefit with the proper documentation. To prevent such escheatment, it is important that you update your Designated Beneficiary designations, including addresses, if and as they change. Such updates should be communicated in writing, or other approved means to our Administrative Office.

**<u>Example of the Impact of Advisory Fee Withdrawals on Contract Value and the Standard Death Benefit</u> <u>over Time.</u>** Assume:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The initial Purchase Payment is $100,000 and no additional Purchase Payments are added to the Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Contract Value grows at an annual rate of 3%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) An advisory fee withdrawal of $1,000 is taken each Contract Year at the end of the Contract Year.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Beginning of** <br> **Contract Year**<br>| **Contract Value** <br> **Prior to Advisory** <br> **Fee Withdrawal**<br>| **Advisory Fee** <br> **Withdrawal**<br>| **Contract Value** <br> **After Advisory Fee** <br> **Withdrawal**<br>| **Death Benefit** <br> **After Advisory Fee** <br> **Withdrawal**<br>|
| 1 | $100000.00 | $1000.00 | $102000.00 | $102000.00 |
| 2 | $102000.00 | $1000.00 | $104060.00 | $104060.00 |
| 3 | $104060.00 | $1000.00 | $106181.80 | $106181.80 |
| 4 | $106181.80 | $1000.00 | $108367.25 | $108367.25 |
| 5 | $108367.25 | $1000.00 | $110618.27 | $110618.27 |
| 6 | $110618.27 | $1000.00 | $112936.82 | $112936.82 |
| 7 | $112936.82 | $1000.00 | $115324.92 | $115324.92 |
| 8 | $115324.92 | $1000.00 | $117784.67 | $117784.67 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Beginning of** <br> **Contract Year**<br>| **Contract Value** <br> **Prior to Advisory** <br> **Fee Withdrawal**<br>| **Advisory Fee** <br> **Withdrawal**<br>| **Contract Value** <br> **After Advisory Fee** <br> **Withdrawal**<br>| **Death Benefit** <br> **After Advisory Fee** <br> **Withdrawal**<br>|
| 9 | $117784.67 | $1000.00 | $120318.21 | $120318.21 |
| 10 | $120318.21 | $1000.00 | $122927.76 | $122927.76 |
| 11 | $122927.76 | $1000.00 | $125615.59 | $125615.59 |
| 12 | $125615.59 | $1000.00 | $128384.06 | $128384.06 |
| 13 | $128384.06 | $1000.00 | $131235.58 | $131235.58 |
| 14 | $131235.58 | $1000.00 | $134172.65 | $134172.65 |
| 15 | $134172.65 | $1000.00 | $137197.83 | $137197.83 |
| 16 | $137197.83 | $1000.00 | $140313.76 | $140313.76 |
| 17 | $140313.76 | $1000.00 | $143523.18 | $143523.18 |
| 18 | $143523.18 | $1000.00 | $146828.87 | $146828.87 |
| 19 | $146828.87 | $1000.00 | $150233.74 | $150233.74 |
| 20 | $150233.74 | $1000.00 | $153740.75 | $153740.75 |
| 21 | $153740.75 | $1000.00 | $157352.97 | $157352.97 |

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As the table above demonstrates, withdrawals to pay advisory fees taken over time will decrease the Contract Value. If the death benefit is equal to the Contract Value, such death benefit will also decrease as a result of withdrawals to pay advisory fees.

**Distribution Requirements —** The Contract provides that upon your death, a surviving spouse may have certain continuation rights that he or she may elect to exercise for the Contract's death benefit. All Contract provisions relating to spousal continuation are available only to a person who meets the definition of "spouse" under federal law. The U.S. Supreme Court has held that same-sex marriages must be permitted under state law and that marriages recognized under state law will be recognized for federal law purposes. Domestic partnerships and civil unions that are not recognized as legal marriages under state law, however, will not be treated as marriages under federal law. Consult a tax adviser for more information on this subject.

For Contracts issued in connection with a Non-Qualified Contract, if the surviving spouse of the deceased Owner is the sole Designated Beneficiary, such spouse may elect to continue this Contract in force until the earliest of the spouse's death or the Annuity Start Date or receive the death benefit proceeds. If the surviving spouse elects to continue the Contract, no death benefit will be paid and the Contract Value will not be adjusted to reflect the amount of any death benefit; provided, however, the Designated Beneficiary will be entitled to receive the death benefit proceeds in accordance with the terms of the Contract upon the death of the surviving spouse.

For any Designated Beneficiary of a Non-Qualified Contract other than a surviving spouse, only those options may be chosen that provide for complete distribution of such Owner's interest in the Contract within five years of the death of the Owner. If the Designated Beneficiary is a natural person, that person alternatively can elect to begin receiving annuity payments within one year of the Owner's death over a period not extending beyond his or her life or life expectancy. If the Owner of the Contract is not a natural person, these distribution rules are applicable upon the death of or a change in the primary Annuitant.

For Contracts issued in connection with a Qualified Plan, the terms of the particular Qualified Plan and the Internal Revenue Code should be reviewed with respect to distributions following the death of the Owner or Annuitant. Because the rules applicable to Qualified Plans are extremely complex, a competent tax adviser should be consulted.

Please note that any death benefit we may pay in excess of the Contract Value is subject to our financial strength and claims-paying ability.

**Death of the Annuitant —** If the Annuitant dies prior to the Annuity Start Date, and the Owner is a natural person and is not the Annuitant, no death benefit proceeds will be payable under the Contract. The Owner may name a new Annuitant within 30 days of the Annuitant's death. If a new Annuitant is not named, the Company will designate the Owner as Annuitant. On the death of the Annuitant after the Annuity Start Date, any guaranteed payments remaining unpaid will continue to be paid to the Designated Beneficiary pursuant to the Annuity Option in force at the date of death.

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**Benefits Under the Contract**

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**The following table summarizes information about the optional and standard benefits under the Contract that are currently available. Please note that this table does not fully describe the terms and conditions of each benefit. You should refer to the applicable sections of this Prospectus for additional information.**

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| | | | |
|:---|:---|:---|:---|
| **Standard Benefits** | **Standard Benefits** | **Standard Benefits** | **Standard Benefits** |
| **Name of** <br> **Benefit**<br>| **Purpose** | **Maximum Fee** | **Brief Description of Restrictions/Limitations** |
| Standard <br> Death Benefit<br>| Provides a death benefit equal to <br> the Contract Value.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>The death benefit will be reduced by any uncollected premium tax. |
| Dollar Cost <br> Averaging <br> Option<br>| Allows the systematic transfer of <br> a specified dollar amount or <br> percentage of Contract Value <br> among Subaccounts.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>The minimum amount that may be transferred to any one <br> Subaccount is $25.00.<br><sup>●</sup>The Company may discontinue, modify, or suspend Dollar Cost <br> Averaging at any time.<br><sup>●</sup>Transfers will be made until the total amount elected has been <br> transferred, or until Contract Value in the Subaccount from which <br> transfers are made has been depleted.<br><sup>●</sup>After termination of Dollar Cost Averaging for any reason, before <br> reinstating Dollar Cost Averaging, you must wait at least one month <br> if transfers were monthly, at least one quarter if transfers were <br> quarterly, at least six months if transfers were semiannual, and at <br> least one year if transfers were annual.<br>|
| Asset <br> Reallocation <br> Option<br>| Allows you to automatically <br> transfer Contract Value on a <br> monthly, quarterly, semiannual or <br> annual basis to maintain a <br> particular percentage allocation <br> among the Subaccounts.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>The Company may discontinue, modify, or suspend the Asset <br> Reallocation Option at any time.<br>|
| Automatic <br> Investment <br> Program<br>| A program pursuant to which <br> Purchase Payments are <br> automatically paid from your bank <br> account on a specified day of <br> each month or a salary reduction <br> agreement.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>The minimum subsequent Purchase Payment if you elect an <br> Automatic Investment Program is reduced to $50.<br>|
| Systematic <br> Withdrawals<br>| Allows you to set up periodic <br> automatic payments of a certain <br> percentage or dollar amount of <br> your Contract Value.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>Each payment must be at least $100 (unless we consent <br> otherwise).<br><sup>●</sup>Withdrawals may be subject to income tax and penalties.<br> <sup>●</sup>If an Owner is enrolled in the Dollar Cost Averaging or Asset <br> Reallocation Options, the Owner may not elect to receive <br> systematic withdrawals from any Subaccount that is part of the <br> Dollar Cost Averaging or Asset Reallocation Options.<br>|

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| | | |
|:---|:---|:---|
| **Optional Benefit** | **Optional Benefit** | **Optional Benefit** |
| **Name of** <br> **Benefit**<br>| **Purpose** | **Maximum** <br> **Fee (as a** <br> **percentage** <br> **of Contract** <br> **Value)**<br>|
| Return of <br> Premium <br> Death Benefit<br>| Provides an enhanced death <br> benefit upon the death of the <br> Owner or any Joint Owner prior to <br> the Annuity Start Date.<br>| 0.35%<br> <sup>●</sup>The rider is only available at issue. You cannot change or cancel <br> the rider after it has been issued.<br><sup>●</sup>We will reduce the death benefit offered under this rider by any <br> uncollected premium tax.<br><sup>●</sup>If we do not receive due proof of death and instructions regarding <br> payment for each Designated Beneficiary at our Administrative <br> Office within six months of the date of the Owner's death, the <br> death benefit will be the Contract Value on the Valuation Date we <br> receive due proof of death and instructions regarding payment, <br> less any uncollected premium tax.<br><sup>●</sup>The Owner and any Joint Owner must be 80 or younger on the <br> Contract Date.<br><sup>●</sup>Certain withdrawals could significantly reduce or even terminate <br> the benefit, including systematic withdrawals and withdrawals used <br> to pay investment adviser fees.<br><sup>●</sup>The Company will continue to deduct the rider charge after the <br> Annuity Start Date if you elect Annuity Option 5 or 6.<br><sup>●</sup>Withdrawals (including withdrawals to pay advisory fees) reduce <br> the benefit proportionately. **This means withdrawals could** <br> **significantly reduce the benefit by substantially more than the** <br> **actual amount of the withdrawal, or even terminate the benefit.**<br>|

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**Optional Riders —** Upon your application for the Contract, you may select one or both of the following riders:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Return of Premium Death Benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Extra Credit at 3%.

The Company makes each rider available only at issue. You cannot change or cancel the rider(s) that you select after they are issued. See a detailed description of each rider below.

**Return of Premium Death Benefit —** For an additional charge, as reflected in the Fee Table, under this rider, we will pay an enhanced death benefit upon the death of the Owner or any Joint Owner prior to the Annuity Start Date. If the rider is not purchased, the death benefit will be the Contract Value on the Valuation Date we receive due proof of death and instructions regarding payment for each Designated Beneficiary. See the discussion under "Death Benefit."

The rider is only available at issue. You cannot change or cancel the rider after it has been issued. Please note that any amount that we may pay or make available under the Return of Premium Death Benefit rider that is in excess of Contract Value is subject to our financial strength and claims-paying ability.

How do you calculate the death benefit? On the Valuation Date we receive due proof of death and instructions regarding payment for each Designated Beneficiary, the death benefit equals the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The sum of all Purchase Payments (**not** including any Credit Enhancements) less an adjustment for any withdrawals and withdrawal charges (including systematic withdrawals and withdrawals to pay investment advisory fees).

In the event of a withdrawal (including a systematic withdrawal or a withdrawal to pay investment advisory fees), we reduce your Return of Premium Death Benefit as last adjusted for any prior withdrawal in the same proportion that the withdrawal reduces Contract Value immediately prior to the withdrawal. **This means if you make a withdrawal when your Contract Value is less than your total Purchase Payments, your Return of Premium Death Benefit will be reduced by an amount that is greater than the dollar amount of your withdrawal.**

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

For example, if you have made Purchase Payments totaling $100,000 and your Contract Value has dropped to $60,000, your death benefit is $100,000 so long as you have not taken any withdrawals. If, however, you take a $10,000 withdrawal (including a withdrawal to pay advisory fees), then we will reduce your total Purchase Payments proportionately to equal $83,333 ($100,000 x (1-$10,000 / $60,000). After the withdrawal, your death benefit is $83,333. *Note that your death benefit decreased by more than the dollar amount of your withdrawal.*

See the next question for information on potential reductions in the amount of the death benefit to collect any premium tax due.

**Will there be any adjustments to the enhanced death benefit?** We will reduce the death benefit offered under this rider by any uncollected premium tax, and, if the Extra Credit Rider was in effect, any Credit Enhancements applied during the 12 months preceding the Owner's date of death (however, if the death benefit is 1 above, we will not reduce the death benefit by any Credit Enhancements).

**Note: If we do not receive due proof of death and instructions regarding payment for each Designated Beneficiary at our Administrative Office within six months of the date of the Owner's death, the death benefit will be the Contract Value on the Valuation Date we receive due proof of death and instructions regarding payment, less any uncollected premium tax.**

**Are there age restrictions on purchasing this rider?** The Owner and any Joint Owner must be 80 or younger on the Contract Date. See the discussion under "Death Benefit."

**Annuity Period**

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**General —** You select the Annuity Start Date at the time of application. The Annuity Start Date may not be prior to the first Contract anniversary and may not be deferred beyond the Annuitant's 90th birthday, although the terms of a Qualified Plan and the laws of certain states may require that you start annuity payments at an earlier age. If you do not select an Annuity Start Date, the Annuity Start Date will be the later of the Annuitant's 70th birthday or the tenth Contract anniversary. If you do not select an Annuity Option, annuity payments will not begin until you make a selection, which may be after the Annuity Start Date. Any applicable death benefit will terminate at the Annuity Start Date without value. See "Selection of an Option." If there are Joint Annuitants, the birthdate of the older Annuitant will be used to determine the latest Annuity Start Date.

On the Annuity Start Date, the proceeds under the Contract will be applied to provide an annuity under one of the options described below. Each option is available in two forms—either as a variable annuity for use with the Subaccounts or as a fixed annuity. A combination variable and fixed annuity is also available. Variable annuity payments will fluctuate with the investment performance of the applicable Subaccounts while fixed annuity payments will not. The proceeds under the Contract will be equal to your Contract Value as of the Annuity Start Date, reduced by any applicable premium taxes.

The Contract currently provides for six Annuity Options. The Company may make other Annuity Options available upon request. The Company may discontinue the availability of one or more of these options at any time but will always offer a variable annuity option. Annuity payments are based upon annuity rates that vary with the Annuity Option selected. In the case of Annuity Options 1 through 4 and 6, the annuity rates will vary based on the age and sex of the Annuitant, except that unisex rates are available where required by law. The annuity rates reflect the Annuitant's life expectancy based upon the Annuitant's age as of the Annuity Start Date and the Annuitant's gender, unless unisex rates apply. The annuity rates are based upon the 1983(a) mortality table with mortality improvement under projection scale G for 45 years and are adjusted to reflect an assumed interest rate of 3.5%, compounded annually, for the variable annuity.

Annuity Options 1 through 4 and 6 provide for payments to be made during the lifetime of the Annuitant. Annuity payments under such options cease in the event of the Annuitant's death, unless the option provides for a guaranteed minimum number of payments, for example a life income with guaranteed payments of 5, 10, 15 or 20 years. The level of annuity payments will be greater for shorter guaranteed periods and less for longer guaranteed periods. Similarly, payments will be greater for life annuities than for joint and survivor annuities, because payments for life annuities are expected to be made for a shorter period.

You may elect to receive annuity payments on a monthly, quarterly, semiannual, or annual basis (note that less frequent payments will result in a larger payment amount, assuming the same amount is applied to purchase the annuity), although no payments will be made for less than $20. If the Company refuses to make payments of less than $20, the Company reserves the right to permit surrender of the Contract in lieu of making such payments.

You may designate or change an Annuity Start Date, Annuity Option, or Annuitant, provided proper written notice is received by the Company at its Administrative Office at least 30 days prior to the Annuity Start Date set forth in the

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Contract. The date selected as the new Annuity Start Date must be at least 30 days after the date written notice requesting a change of Annuity Start Date is received at the Company's Administrative Office.

Once annuity payments have commenced under Annuity Options 1 through 4 and 6, an Annuitant or Owner cannot change the Annuity Option and cannot make partial withdrawals or surrender his or her annuity for the Withdrawal Value. An Owner also cannot change the Annuity Option or make partial withdrawals or surrender his or her annuity for the Withdrawal Value if he or she has elected fixed annuity payments under Annuity Option 5.

If an Owner has elected variable annuity payments or a combination of variable and fixed annuity payments under Annuity Option 5, an Owner may elect to withdraw the present value of future annuity payments, commuted at the assumed interest rate, subject to a reduction for any uncollected premium tax. However, the Owner cannot take systematic withdrawals or make withdrawals to pay the fees of an investment adviser. If the Owner elects a partial withdrawal under Annuity Option 5, future variable annuity payments will be reduced as a result of such withdrawal. The Company will make payment in the amount of the partial withdrawal requested and will reduce the amount of future annuity payments by a percentage that is equal to the ratio of (i) the partial withdrawal, plus any uncollected premium tax, over (ii) the present value of future annuity payments, commuted at the assumed interest rate. The number of Annuity Units used in calculating future variable annuity payments is reduced by the applicable percentage. The tax treatment of partial withdrawals taken after the Annuity Start Date is uncertain. Consult a tax advisor before requesting a withdrawal after the Annuity Start Date. The Owner may not make systematic withdrawals under Annuity Option 5. See "Value of Variable Annuity Payments: Assumed Interest Rate" for more information with regard to how the Company calculates variable annuity payments.

An Owner or Annuitant may transfer Contract Value among the Subaccounts during the Annuity Period, as was available during the accumulation phase, if variable annuity payments have been selected.

The Contract specifies annuity tables for the Annuity Options described below. The tables contain the guaranteed minimum dollar amount (per $1,000 applied) of the first annuity payment for a variable annuity and each annuity payment for a fixed annuity.

**Annuity Options —**

**Option 1 — Life Income.** Periodic annuity payments will be made during the lifetime of the Annuitant. It is possible under this Option for any Annuitant to receive only one annuity payment if the Annuitant's death occurred prior to the due date of the second annuity payment, two if death occurred prior to the due date of the third annuity payment, etc. **There is no minimum number of payments guaranteed under this option. Payments will cease upon the death of the Annuitant regardless of the number of payments received.**

**Option 2 — Life Income with Guaranteed Payments of 5, 10, 15 or 20 Years.** Periodic annuity payments will be made during the lifetime of the Annuitant with the promise that if, at the death of the Annuitant, payments have been made for less than a stated period, which may be five, ten, fifteen or twenty years, as elected by the Owner, annuity payments will be continued during the remainder of such period to the Designated Beneficiary. Upon the Annuitant's death after the period certain, no further annuity payments will be made.

**Option 3 — Life with Installment or Unit Refund Option.** Periodic annuity payments will be made during the lifetime of the Annuitant with the promise that, if at the death of the Annuitant, the number of payments that has been made is less than the number determined by dividing the amount applied under this Annuity Option by the amount of the first payment, annuity payments will be continued to the Designated Beneficiary until that number of payments has been made. For example, if the Annuity start amount was $100,000 and the calculated monthly annuity payment was $550, 182 payments ($100,000 / $550) would be guaranteed for the life of the Annuitant. This means if the Annuitant dies before 182 payments have been made, the remaining annuity payments will be continued to the Designated Beneficiary.

**Option 4 —**

**A. Joint and Last Survivor.** Annuity payments will be made as long as either Annuitant is living. Upon the death of one Annuitant, annuity payments continue to the surviving Annuitant at the same or a reduced level of 75%, 66 2/3% or 50% of annuity payments as elected by the Owner at the time the Annuity Option is selected. With respect to fixed annuity payments, the amount of the annuity payment, and with respect to variable annuity payments, the number of Annuity Units used to determine the annuity payment, is reduced as of the first annuity payment following the Annuitant's death. It is possible under this Option for only one annuity payment to be made if both Annuitants died prior to the second annuity payment due date, two if both died prior to the third annuity payment due date, etc. As in the case of Annuity Option 1, there is no minimum number of payments guaranteed under this Annuity Option 4A. Payments cease upon the death of the last surviving Annuitant, regardless of the number of payments received.

**B. Joint and Last Survivor with Guaranteed Payments of 5, 10, 15 or 20 Years.** You may also select Annuity Option 4 with guaranteed payments. Annuity payments will be made as long as either Annuitant is living. Upon the

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death of one Annuitant, annuity payments continue to the surviving Annuitant at the same level with the promise that if, at the death of both Annuitants, payments have been made for less than a stated period, which may be five, ten, fifteen or twenty years, as elected by the Owner, annuity payments will be continued during the remainder of such period to the Designated Beneficiary. Upon the last death of the Annuitants after the period certain, no further annuity payments will be made.

**Option 5 — Period Certain.** Periodic annuity payments will be made for a stated period, which may be 5, 10, 15 or 20 years, as elected by the Owner. Annuity Payments are calculated on the basis of Annuity Units. If the Annuitant dies prior to the end of the period, the remaining payments will be made to the Designated Beneficiary.

**Option 6 — Joint and Contingent Survivor Option.** Periodic annuity payments will be made during the life of the primary Annuitant. Upon the death of the primary Annuitant, payments will be made to the contingent Annuitant during his or her life. If the contingent Annuitant is not living upon the death of the primary Annuitant, no payments will be made to the contingent Annuitant. It is possible under this Option for only one annuity payment to be made if both Annuitants died prior to the second annuity payment due date, two if both died prior to the third annuity payment due date, etc. As in the case of Annuity Options 1 and 4A, there is no minimum number of payments guaranteed under this Option. Payments cease upon the death of the last surviving Annuitant, regardless of the number of payments received.

**Value of Variable Annuity Payments: Assumed Interest Rate.** The annuity tables in the Contract which are used to calculate variable annuity payments for the Annuity Options are based on an "assumed interest rate" of 3½%, compounded annually. Variable annuity payments generally increase or decrease from one annuity payment date to the next based upon the performance of the applicable Subaccounts during the interim period adjusted for the assumed interest rate. If the performance of the Subaccount selected is equal to the assumed interest rate, the annuity payments will remain constant. If the performance of the Subaccounts is greater than the assumed interest rate, the annuity payments will increase and if it is less than the assumed interest rate, the annuity payments will decline. A higher assumed interest rate would mean a higher initial annuity payment but the amount of the annuity payment would increase more slowly in a rising market (or the amount of the annuity payment would decline more rapidly in a declining market). A lower assumption would have the opposite effect.

The Company calculates variable annuity payments using Annuity Units. The value of an Annuity Unit for each Subaccount is determined as of each Valuation Date and was initially $1.00. The Annuity Unit value of a Subaccount as of any subsequent Valuation Date is determined by adjusting the Annuity Unit value on the previous Valuation Date for (1) the interim performance of the corresponding Underlying Fund; (2) any dividends or distributions paid by the corresponding Underlying Fund; (3) the mortality and expense risk and administration charges; (4) the charges, if any, that may be assessed by the Company for taxes attributable to the operation of the Subaccount; and (5) the assumed interest rate.

The Company determines the number of Annuity Units used to calculate each variable annuity payment as of the Annuity Start Date. As discussed above, the Contract specifies annuity rates for the Annuity Options for each $1,000 applied to an Annuity Option. The proceeds under the Contract as of the Annuity Start Date are divided by $1,000 and the result is multiplied by the rate per $1,000 specified in the annuity tables to determine the initial annuity payment for a variable annuity and the guaranteed monthly annuity payment for a fixed annuity.

On the Annuity Start Date, the Company divides the initial variable annuity payment by the value as of that date of the Annuity Unit for the applicable Subaccount to determine the number of Annuity Units to be used in calculating subsequent annuity payments. If variable annuity payments are allocated to more than one Subaccount, the number of Annuity Units will be determined by dividing the portion of the initial variable annuity payment allocated to a Subaccount by the value of that Subaccount's Annuity Unit as of the Annuity Start Date. The initial variable annuity payment is allocated to the Subaccounts in the same proportion as the Contract Value is allocated as of the Annuity Start Date. The number of Annuity Units will remain constant for subsequent annuity payments, unless the Owner transfers Annuity Units among Subaccounts or makes a withdrawal under Annuity Option 5.

Subsequent variable annuity payments are calculated by multiplying the number of Annuity Units allocated to a Subaccount by the value of the Annuity Unit as of the date of the annuity payment. If the annuity payment is allocated to more than one Subaccount, the annuity payment is equal to the sum of the payment amount determined for each Subaccount.

**Selection of an Option —** You should carefully review the Annuity Options with your financial or tax adviser. If you have questions about the calculation of the payment amount under a particular Annuity Option, you can contact the Company at 1-800-888-2461. For Contracts used in connection with an IRA, reference should be made to the terms of the particular IRA and the requirements of the Internal Revenue Code for pertinent limitations respecting annuity payments and other matters. For instance, IRAs generally require that distributions begin no later than April 1 of the calendar year following the year in which the Annuitant reaches their "applicable age" as defined in the Code.

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If the Annuitant attains age 72 after 2022 and age 73 before 2033, their applicable age is 73. If Annuitant attains age 74 after 2032, their applicable age is 75. In addition, under an IRA, not all Annuity Options will satisfy required minimum distribution rules, particularly as those rules apply to your beneficiary after your death. Beginning with Owner deaths occurring on or after January 1, 2020, subject to certain exceptions, most non-spouse beneficiaries must complete distributions within ten years of the Owner's death in order to satisfy required minimum distribution rules. Consult a tax adviser before electing an Annuity Option. The Company does not allow the Annuity Start Date to be deferred beyond the Annuitant's 95th birthday.

**More About the Contract**

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**Ownership —** The Owner is the person named as such in the application or in any later change shown in the Company's records. While living, the Owner alone has the right to receive all benefits and exercise all rights that the Contract grants or the Company allows. The Owner may be an entity that is not a living person such as a trust or corporation referred to herein as "Non-natural Persons." See "Federal Tax Matters."

**Joint Owners.** The Joint Owners will be joint tenants with rights of survivorship and upon the death of an Owner, the surviving Owner shall be the sole Owner. Any Contract transaction requires the signature of all persons named jointly.

**Designation and Change of Beneficiary —** The Designated Beneficiary is the person having the right to the death benefit, if any, payable upon the death of the Owner or Joint Owner prior to the Annuity Start Date. The Designated Beneficiary is the first person on the following list who, if a natural person, is alive on the date of death of the Owner or the Joint Owner: the Owner; the Joint Owner; the Primary Beneficiary; the Secondary Beneficiary; the Annuitant; or if none of the above are alive, the Owner's estate. The Primary Beneficiary is the individual named as such in the application or any later change shown in the Company's records. The Primary Beneficiary will receive the death benefit of the Contract only if he or she is alive on the date of death of both the Owner and any Joint Owner prior to the Annuity Start Date. Because the death benefit of the Contract goes to the first person on the above list who is alive on the date of death of any Owner, careful consideration should be given to the manner in which the Contract is registered, as well as the designation of the Primary Beneficiary. The Owner may change the Primary Beneficiary at any time while the Contract is in force by written request on forms provided by the Company and received by the Company at its Administrative Office. The change will not be binding on the Company until it is received and recorded at its Administrative Office. The change will be effective as of the date this form is signed subject to any payments made or other actions taken by the Company before the change is received and recorded. A Secondary Beneficiary may be designated. The Owner may designate a permanent Beneficiary whose rights under the Contract cannot be changed without his or her consent.

Reference should be made to the terms of a particular Qualified Plan and any applicable law for any restrictions or limitations on the designation of a Beneficiary. Some qualified plans do not allow the designation of any primary beneficiary other than a spouse unless the spouse consents to such designation and the consent is witnessed by a plan representative or a notary public. Not all Annuity Options will satisfy required minimum distribution rules for every Beneficiary.

**Dividends —** The Contract does not share in the surplus earnings of the Company, and no dividends will be paid.

**Payments from the Separate Account —** The Company generally will pay any full or partial withdrawal (including systematic withdrawals and withdrawals to pay investment advisory fees) or death benefit proceeds from Contract Value allocated to the Subaccounts within seven days after a proper request is received at the Company's Administrative Office. However, the Company can postpone such a payment from the Subaccounts to the extent permitted under applicable law, which is currently permissible only for any period:

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During which the NYSE is closed other than customary weekend and holiday closings,

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During which trading on the NYSE is restricted as determined by the SEC,

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During which an emergency, as determined by the SEC, exists as a result of which (i) disposal of securities held by the Separate Account is not reasonably practicable, or (ii) it is not reasonably practicable to determine the value of the assets of the Separate Account, or

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For such other periods as the SEC may by order permit for the protection of investors.

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The Company reserves the right to delay payments of any full or partial withdrawal until all of your Purchase Payment checks have been honored by your bank.

**Proof of Age and Survival —** The Company may require proof of age or survival of any person on whose life annuity payments depend.

**Misstatements —** If you misstate the age or sex of an Annuitant or Owner, the correct amount paid or payable by the Company under the Contract shall be such as the Contract Value would have provided for the correct age or sex (unless unisex rates apply).

**Business Disruption and Cybersecurity Risks —** We rely on technology, including interconnected computer systems and data storage networks and digital communications, to conduct our variable product business activities. Because our variable product business is highly dependent upon the effective operation of our computer systems and those of our service providers and other business partners, our business is vulnerable to disruptions from utility outages, and susceptible to operational and information security risks resulting from information systems failure (e.g., hardware and software malfunctions) and cyber-attacks. Cyber-attacks may be systemic (e.g. affecting the internet, cloud services, or other infrastructure) or targeted (e.g. failures in or breach of our systems or those of third parties on whom we rely, including ransomware and malware attacks).

Cybersecurity risks include, but are not limited to, the loss, theft, misuse, corruption, and destruction of data maintained online or digitally, interference with or denial of service, attacks on our website (or the websites of third parties on whom we rely), disruption of routine business operations, and unauthorized release of confidential customer information. The risk of cyber-attacks may be higher during periods of geopolitical turmoil (such as the recent military conflict between the United States and Iran, and the Russian invasion of Ukraine and the responses by the United States and other governments). Due to the increasing sophistication of cyber-attacks, a cybersecurity breach could occur and persist for an extended period of time without detection.

Systems failures and cybersecurity incidents affecting us, our affiliates, the Underlying Funds, intermediaries, service providers, and other third parties on whom we rely may adversely affect your contract value and interfere with our ability to process contract transactions and calculate contract values. Systems failures and cybersecurity breaches may cause us to be unable to process orders from our website or with the Underlying Funds, cause us to be unable to calculate unit values and/or the Underlying Funds to be unable to calculate share values, cause the release or possible destruction of confidential customer and/or business information, impede order processing or cause other operational issues, subject us and our service providers and intermediaries to regulatory fines, litigation, and financial losses, and/or cause reputational damage. Cybersecurity risks may also impact the issuers of securities in which the Underlying Funds invest, which may cause the Underlying Funds to lose value.

The preventative actions we take to reduce the frequency and severity of cybersecurity incidents and protect our computer systems may be insufficient to prevent a cybersecurity breach from impacting our operations or your contract value. There can be no assurance that we or the Underlying Funds or our service providers and intermediaries will be able to avoid cybersecurity breaches affecting your contract.

In addition, we are also exposed to risks related to natural and man-made disasters including, but not limited to, storms, fires, floods, earthquakes, public health crises, malicious acts, and terrorist acts, which could adversely affect our ability to conduct business. A natural or man-made disaster, including a pandemic (such as COVID-19), could affect the ability of our employees or the employees of our service providers to perform their job responsibilities. They could interfere with our processing of contract transactions, including processing orders from Owners and orders with the Underlying Funds, impact our ability to calculate contract value, or have other adverse impacts on our operations. These events may also negatively affect the our service providers and intermediaries, the Underlying Funds and the issuers of securities in which the Underlying Funds invest, which may cause the Underlying Funds to lose value. There can be no assurance that we or the Underlying Funds or our service providers and intermediaries will be able to avoid negative impacts associated with natural and man-made disasters.

**Restrictions on Withdrawals from Qualified Plans —** Section 403(b) imposes restrictions on certain distributions from tax-sheltered annuity contracts meeting the requirements of Section 403(b). Section 403(b) requires that distributions from Section 403(b) tax-sheltered annuities that are attributable to employee contributions made after December 31, 1988 under a salary reduction agreement begin only after the employee (i) reaches age 59½, (ii) has a severance from employment, (iii) dies, (iv) becomes disabled, or (v) incurs a hardship. Furthermore, effective for plan years beginning in 2024, distributions of employee elective deferrals, qualified nonelective contributions, qualified matching contributions, and gains attributable to such contributions may now be made on account of hardship. Under prior provisions, distributions on account of hardship generally were limited to amounts

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attributable to employee elective deferrals. Hardship, for this purpose, is generally defined as an immediate and heavy financial need, such as paying for medical expenses, purchasing a residence, paying certain tuition expenses, paying for funeral expenses, paying for casualty losses on your principal residence, or paying amounts needed to avoid eviction or foreclosure that may only be met by the distribution.

If you own a Contract purchased as a tax-sheltered Section 403(b) annuity contract, you will not, therefore, be entitled to make a full or partial withdrawal, as described in this Prospectus, in order to receive proceeds from the Contract attributable to contributions under a salary reduction agreement or any gains credited to such Contract after December 31, 1988 unless one of the above-described conditions has been satisfied. In the case of transfers of amounts accumulated in a different Section 403(b) contract to this Contract under a Section 403(b) program, the withdrawal constraints described above would not apply to the amount transferred to the Contract designated as attributable to the Owner's December 31, 1988 account balance under the old contract, provided the amounts transferred between contracts qualified as a rollover under the Internal Revenue Code. An Owner of a Contract may be able to transfer your Contract's Withdrawal Value to certain other investment alternatives meeting the requirements of Section 403(b) that are available under your employer's Section 403(b) arrangement.

Your particular Qualified Plan or 403(b) plan or program may have additional restrictions on distributions that may also be followed for your Contract. The distribution or withdrawal of amounts under a Contract purchased in connection with a Qualified Plan may result in the receipt of taxable income to the Owner or Annuitant and in some instances may also result in a penalty tax. Therefore, you should carefully consider the tax consequences of a distribution or withdrawal under a Contract and you should consult a competent tax adviser. See "Federal Tax Matters."

If your Contract was issued pursuant to a 403(b) plan, we generally are required to confirm, with your 403(b) plan sponsor or otherwise, that surrenders or transfers you request comply with applicable tax requirements and to decline requests that are not in compliance. We will defer such payments you request until all information required under the tax law has been received. By requesting a surrender or transfer, you consent to the sharing of confidential information about you, the contract, and transactions under the contract and any other 403(b) contracts or accounts you have under the 403(b) plan among us, your employer or plan sponsor, any plan administrator or recordkeeper, and other product providers.

**Federal Tax Matters**

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**Introduction —** The Contract described in this Prospectus is designed for use by individuals in retirement plans which may or may not be Qualified Plans under the provisions of the Internal Revenue Code ("Code"). The ultimate effect of federal income taxes on the amounts held under a Contract, on annuity payments, and on the economic benefits to the Owner, the Annuitant, and the Beneficiary or other payee will depend upon the type of retirement plan, if any, for which the Contract is purchased, the tax and employment status of the individuals involved and a number of other factors. The discussion contained herein and in the Statement of Additional Information is general in nature and is not intended to be an exhaustive discussion of all questions that might arise in connection with a Contract. It is based upon the Company's understanding of the present federal income tax laws as currently interpreted by the Internal Revenue Service ("IRS") as of the date of this Prospectus, and is not intended as tax advice. No representation is made regarding the likelihood of continuation of the present federal income tax laws or of the current interpretations by the IRS or the courts. Future legislation may affect annuity contracts adversely. Moreover, no attempt has been made to consider any applicable state or other laws. Because of the inherent complexity of the tax laws and the fact that tax results will vary according to the particular circumstances of the individual involved and, if applicable, the Qualified Plan, a person should consult with a qualified tax adviser regarding the purchase of a Contract, the selection of an Annuity Option under a Contract, the receipt of annuity payments under a Contract or any other transaction involving a Contract. **The Company does not make any guarantee regarding the tax status of, or tax consequences arising from, any Contract or any transaction involving the Contract.**

**Tax Status of the Company and the Separate Account —**

**General.** The Company intends to be taxed as a life insurance company under Part I, Subchapter L of the Code. Because the operations of the Separate Account form a part of the Company, the Company will be responsible for any federal income taxes that become payable with respect to the income of the Separate Account and its Subaccounts.

**Charge for the Company's Taxes.** A charge may be made for any federal taxes incurred by the Company that are attributable to the Separate Account, the Subaccounts or to the operations of the Company with respect to the

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Contract or attributable to payments, premiums, or acquisition costs under the Contract. The Company will review the question of a charge to the Separate Account, the Subaccounts or the Contract for the Company's federal taxes periodically. Charges may become necessary if, among other reasons, the tax treatment of the Company or of income and expenses under the Contract is ultimately determined to be other than what the Company currently believes it to be, if there are changes made in the federal income tax treatment of variable annuities at the insurance company level, or if there is a change in the Company's tax status.

Under current laws, the Company may incur state and local taxes (in addition to premium taxes) in several states. At present, these taxes are not significant. If there is a material change in applicable state or local tax laws, the Company reserves the right to charge the Separate Account or the Subaccounts for such taxes, if any, attributable to the Separate Account or Subaccounts.

**Optional Benefit Riders.** It is possible that the Internal Revenue Service may take the position that fees deducted for certain optional benefit riders are deemed to be taxable distributions to you. In particular, the Internal Revenue Service may treat fees deducted for the optional benefits as taxable withdrawals, which might also be subject to a tax penalty if withdrawn prior to age 59½. Although we do not believe that the fees associated or any optional benefit provided under the Contract should be treated as taxable withdrawals, you should consult your tax advisor prior to selecting any optional benefit under the Contract.

**Withholding.** Annuity distributions are generally subject to withholding for the recipient's federal income tax liability. Recipients can generally elect, however, not to have tax withheld from distributions.

**Owner Control.** In certain circumstances, owners of Non-Qualified variable annuity contracts may be considered the owners, for federal income tax purposes, of the assets of the separate account used to support their contracts. In those circumstances, income and gains from the separate account assets would be includable currently in the variable Contract Owner's gross income. The ownership rights under the Contract are similar to, but different in certain respects from, those described by the IRS in rulings in which it was determined that policy owners were not owners of separate account assets. While the Company does not think that such will be the case, due to the number of the Contract's Underlying Funds, the number of charge-free transfer opportunities between and among the Underlying Funds and the fact that some Underlying Funds may have essentially the same investment strategy, it cannot be ruled out that an Owner of a Contract might be treated as the owner of a pro rata portion of the assets of the Separate Account.

The Company nonetheless reserves the right to modify the Contract, as it deems appropriate, to attempt to prevent an Owner from being considered the owner of a pro rata share of the assets of the Separate Account and its Underlying Funds. Moreover, in the event that regulations are adopted or rulings or other guidance are issued, there can be no assurance that the Separate Account and the Underlying Funds will be able to operate as currently described in the Prospectus (including the possibility that the number of Underlying Funds offered might need to be reduced), or that the Underlying Funds will not have to change their investment objective or investment policies.

**Income Taxation of Annuities in General—Non-Qualified Contracts —** Section 72 of the Code governs the taxation of annuities. In general, a contract owner is not taxed on increases in value under an annuity contract until some form of distribution is made under the contract. However, the increase in value may be subject to tax currently under certain circumstances. See "Contracts Owned by Non-Natural Persons," "Diversification Standards," and "Owner Control." Withholding of federal income taxes on all distributions may be required unless a recipient who is eligible elects not to have any amounts withheld and properly notifies the Company of that election.

**Withdrawals Prior to the Annuity Start Date.** Code Section 72 provides generally that amounts received upon a total or partial withdrawal (including systematic withdrawals and withdrawals made to pay the fees of an investment adviser) from a Non-Qualified Contract prior to the Annuity Start Date generally will be treated as gross income to the extent that the cash value of the Contract immediately before the withdrawal exceeds the "investment in the contract." The "investment in the contract" is that portion, if any, of Purchase Payments paid under a Contract less any distributions received previously under the Contract that are excluded from the recipient's gross income. The taxable portion is taxed at ordinary income tax rates. For purposes of this rule, a pledge or assignment of a contract is treated as a payment received on account of a partial withdrawal of a Contract.

Amounts distributed from a Contract because of your death or the death of the Annuitant are generally treated as income to the recipient. If distributed in a lump sum, such payments are taxed in the same manner as if the Contract had been surrendered, and if distributed under an Annuity Option, they are taxed in the same manner as annuity payments. For Non-Qualified Contracts, all or a portion of the charges deducted from your Contract Value to pay advisory fees to a financial intermediary may be subject to federal and state income taxes and a 10% federal penalty tax. A tax-free partial exchange may become taxable if an advisory fee is paid from your Contract Value within 180 days of the partial exchange. Consult your tax adviser for advice concerning tax-free partial exchanges.

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**Surrenders.** Upon a complete surrender, the receipt is taxable to the extent that the cash value of the Contract exceeds the investment in the Contract. The taxable portion of such payments will be taxed as ordinary income.

**Annuity Payments.** For fixed annuity payments, the taxable portion of each payment generally is determined by using a formula known as the "exclusion ratio," which establishes the ratio that the investment in the Contract bears to the total expected amount of annuity payments for the term of the Contract. That ratio is then applied to each payment to determine the non-taxable portion of the payment. The remaining portion of each payment is taxed at ordinary income rates. For variable annuity payments, the taxable portion of each payment is determined by using a formula known as the "excludable amount," which establishes the non-taxable portion of each payment. The non-taxable portion is a fixed dollar amount for each payment, determined by dividing the investment in the Contract by the number of payments to be made. The remainder of each variable annuity payment is taxable. Once the excludable portion of annuity payments to date equals the investment in the Contract, the balance of the annuity payments will be fully taxable.

**Penalty Tax on Certain Surrenders and Withdrawals.** With respect to amounts withdrawn or distributed before the taxpayer reaches age 59½, a penalty tax is imposed equal to 10% of the portion of such amount which is includable in gross income. However, the penalty tax is not applicable to withdrawals: (i) made on or after the death of the owner (or where the owner is not an individual, the death of the "primary annuitant," who is defined as the individual the events in whose life are of primary importance in affecting the timing and amount of the payout under the Contract); (ii) attributable to the taxpayer's becoming totally disabled within the meaning of Code Section 72(m)(7); (iii) which are part of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the taxpayer, or the joint lives (or joint life expectancies) of the taxpayer and his or her beneficiary; (iv) from certain qualified plans; (v) under a so-called qualified funding asset (as defined in Code Section 130(d)); (vi) under an immediate annuity contract; or (vii) which are purchased by an employer on termination of certain types of qualified plans and which are held by the employer until the employee separates from service.

If the penalty tax does not apply to a surrender or withdrawal as a result of the application of item (iii) above, and the series of payments are subsequently modified (other than by reason of death or disability), the tax for the first year in which the modification occurs will be increased by an amount (determined by the regulations) equal to the tax that would have been imposed but for item (iii) above, plus interest for the deferral period, if the modification takes place (a) before the close of the period which is five years from the date of the first payment and after the taxpayer attains age 59½, or (b) before the taxpayer reaches age 59½.

**Partial Annuitization.** If part of an annuity contract's value is applied to an annuity option that provides payments for one or more lives and for a period of at least ten years, those payments may be taxed as annuity payments instead of withdrawals. None of the payment options under the Contract is intended to qualify for this "partial annuitization" treatment and, if you apply only part of the value of the Contract to a payment option, we will treat those payments as withdrawals for tax purposes.

**Additional Considerations —**

**Distribution-at-Death Rules.** In order to be treated as an annuity contract, a Non-Qualified contract must provide the following two distribution rules: (a) if any owner dies on or after the Annuity Start Date, and before the entire interest in the Contract has been distributed, the remainder of the owner's interest will be distributed at least as quickly as the method in effect on the owner's death; and (b) if any owner dies before the Annuity Start Date, the entire interest in the Contract must generally be distributed within five years after the date of death, or, if payable to a designated beneficiary, must be annuitized over the life of that designated beneficiary or over a period not extending beyond the life expectancy of that beneficiary, commencing within one year after the date of death of the owner. If the sole designated beneficiary is the spouse of the deceased owner, the contract (together with the deferral of tax on the accrued and future income thereunder) may be continued in the name of the spouse as owner.

The Contract provides that upon your death, a surviving spouse may have certain continuation rights that he or she may elect to exercise for the Contract's death benefit. All Contract provisions relating to spousal continuation are available only to a person who meets the definition of "spouse" under federal law. The U.S. Supreme Court has held that same-sex marriages must be permitted under state law and that marriages recognized under state law will be recognized for federal law purposes. Domestic partnerships and civil unions that are not recognized as legal marriages under state law, however, will not be treated as marriages under federal law. Consult a tax adviser for more information on this subject.

Generally, for purposes of determining when distributions must begin under the foregoing rules, where an owner is not an individual, the primary annuitant is considered the owner. In that case, a change in the primary annuitant will be treated as the death of the owner. Finally, in the case of joint owners, the distribution-at-death rules will be

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applied by treating the death of the first owner as the one to be taken into account in determining generally when distributions must commence, unless the sole Designated Beneficiary is the deceased owner's spouse.

**Gift of Annuity Contracts.** Generally, gifts of non-tax qualified Contracts prior to the Annuity Start Date will trigger tax on the gain on the Contract, with the donee getting a stepped-up basis for the amount included in the donor's income. The 10% penalty tax and gift tax also may be applicable. This provision does not apply to transfers between spouses or incident to a divorce.

**Contracts Owned by Non Natural Persons.** If the Contract is held by a non-natural person (for example, a corporation) the income on that Contract (generally the increase in net surrender value less the Purchase Payments) is includable in taxable income each year. The rule does not apply where the Contract is acquired by the estate of a decedent, where the Contract is held by certain types of retirement plans, where the Contract is a qualified funding asset for structured settlements, where the Contract is purchased on behalf of an employee upon termination of a qualified plan, and in the case of an immediate annuity. An annuity contract held by a trust or other entity as agent for a natural person is considered held by a natural person.

**Multiple Contract Rule.** For purposes of determining the amount of any distribution under Code Section 72(e) (amounts not received as annuities) that is includable in gross income, all Non-Qualified deferred annuity contracts issued by the same insurer to the same contract owner during any calendar year are to be aggregated and treated as one contract. Thus, any amount received under any such contract prior to the contract's Annuity Start Date, such as a partial surrender, dividend, or loan, will be taxable (and possibly subject to the 10% penalty tax) to the extent of the combined income in all such contracts.

In addition, the Treasury Department has broad regulatory authority in applying this provision to prevent avoidance of the purposes of this rule. It is possible that, under this authority, the Treasury Department may apply this rule to amounts that are paid as annuities (on and after the Annuity Start Date) under annuity contracts issued by the same company to the same owner during any calendar year. In this case, annuity payments could be fully taxable (and possibly subject to the 10% penalty tax) to the extent of the combined income in all such contracts and regardless of whether any amount would otherwise have been excluded from income because of the "exclusion ratio" under the contract.

**Transfers, Assignments or Exchanges of a Contract.** A transfer of ownership of a Contract, the designation of an Annuitant, Payee or other Beneficiary who is not also the Owner, the selection of certain Annuity Start Dates or the exchange of a Contract may result in certain tax consequences to the Owner that are not discussed herein. If contemplating any such transfer, assignment, selection or exchange, the Owner should contact a competent tax adviser with respect to the potential effects of such a transaction.

**Qualified Contracts —** The Contract may be used with IRAs that meet the requirements of Section 408 or 408A of the Code. If you are purchasing the Contract as an investment vehicle for an IRA, you should consider that the Contract does not provide any additional tax advantage beyond that already available through the IRA. However, the Contract does offer features and benefits in addition to providing tax deferral that other investments may not offer, including death benefit protection for your beneficiaries and annuity options which guarantee income for life. You should consult with your financial professional as to whether the overall benefits and costs of the Contract are appropriate considering your circumstances.

The amounts that may be contributed to IRAs are subject to limitations that vary depending on the circumstances. In addition, early distributions from IRAs may be subject to penalty taxes. Furthermore, distributions from IRAs are subject to certain minimum distribution rules. Failure to comply with these rules could subject the Owner or Beneficiary to penalty taxes. As a result, the minimum distribution rules may limit the availability of certain Annuity Options to certain Annuitants and their Beneficiaries. Please note that for Owners who die on or after January 1, 2020, most non-spouse Beneficiaries will no longer be able to satisfy these rules by "stretching" payouts over their lifetimes. Instead, those Beneficiaries will have to take their post-death distributions within ten years. Certain exceptions apply to "eligible designated beneficiaries," which include disabled and chronically ill individuals, individuals who are not more than ten years younger than the deceased individual, and children who have not reached the age of majority. Owners and Beneficiaries should consult a tax adviser if they may be affected by these changes. These requirements may not be incorporated into the Company's Contract administration procedures. Owners and beneficiaries are responsible for determining that contributions, distributions and other transactions with respect to the Contracts comply with applicable law.

The following are brief descriptions of the various types of IRAs and the use of the Contract therewith:

**Section 408. <u>Traditional Individual Retirement Annuities.</u>** Section 408 of the Code permits eligible individuals to establish individual retirement programs through the purchase of Individual Retirement Annuities ("traditional IRAs"). The Contract may be purchased as an IRA. The IRAs described in this section are called "traditional IRAs" to distinguish them from "Roth IRAs," which are described below.

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IRAs are subject to limitations on the amount that may be contributed, the persons who may be eligible and on the time distributions must commence. Depending upon the circumstances of the individual, contributions to a traditional IRA may be made on a deductible or non-deductible basis. IRAs may not be transferred, sold, assigned, discounted or pledged as collateral for a loan or other obligation. The annual premium for an IRA may not be fixed and may not exceed (except in the case of a rollover contribution) the lesser of (i) $7,500 or $8,600 for owners age 50 or older (for 2026) or (ii) 100% of the individual's taxable compensation (for 2026).

Any refund of premium must be applied to the payment of future premiums or the purchase of additional benefits. If an individual is age 50 or over, the individual may make an additional catch-up contribution to a traditional IRA of $1,100 in 2026 (indexed for inflation in future tax years). However, if the individual is covered by an employer-sponsored retirement plan, the amount of IRA contributions the individual may deduct in a year may be reduced or eliminated based on the individual's adjusted gross income for the year ($129,000 to $149,000 for a married couple filing a joint return and $81,000 to $91,000 for a single taxpayer in 2026). If the individual's spouse is covered by an employer-sponsored retirement plan but the individual is not, the individual may be able to deduct those contributions to a traditional IRA; however, the deduction will be reduced or eliminated if the adjusted gross income on a joint return is between $242,000 to $252,000 (for 2026). Non-deductible contributions to traditional IRAs must be reported to the IRS in the year made on Form 8606.

Sale of the Contract for use with IRAs may be subject to special requirements imposed by the Internal Revenue Service. Purchasers of the Contract for such purposes will be provided with such supplementary information as may be required by the Internal Revenue Service or other appropriate agency and will have the right to revoke the Contract under certain circumstances. See the IRA Disclosure Statement that accompanies this Prospectus.

In general, traditional IRAs are subject to minimum distribution requirements. Amounts in a traditional IRA must generally be distributed or begin to be distributed on the date that the contract owner reaches their applicable age (as defined above), regardless of the contract owner's retirement date. Periodic distributions must not extend beyond the life of the individual or the lives of the individual and a designated beneficiary (or over a period extending beyond the life expectancy of the individual or the joint life expectancy of the individual and a designated beneficiary). Not all Annuity Options will satisfy minimum distribution rules for every designated beneficiary. Distributions from IRAs are generally taxed under Code Section 72. Under these rules, a portion of each distribution may be excludable from income. The amount excludable from the individual's income is the amount of the distribution that bears the same ratio as the individual's nondeductible contributions bears to the expected return under the IRA.

Distributions from a traditional IRA may be eligible for a tax-free rollover to any kind of eligible retirement plan, including another traditional IRA. In certain cases, a distribution of non-deductible contributions or other after-tax amounts from a traditional IRA may be eligible to be rolled over to another traditional IRA. See "Rollovers."

The IRS has not reviewed the Contract for qualification as an IRA, and has not addressed in a ruling of general applicability whether a death benefit provision such as the provision in the Contract comports with IRA qualification requirements.

**Section 408A. <u>Roth IRAs</u>.** Section 408A of the Code permits eligible individuals to establish a Roth IRA. The Contract may be purchased as a Roth IRA. Regular contributions may be made to a Roth IRA up to the same contribution limits that apply to traditional IRA contributions. The regular contribution limits are phased out for taxpayers with $153,000 to $168,000 in adjusted gross income for 2026 ($242,000 to $252,000 for married filing joint returns). Also the taxable balance in a traditional IRA may be rolled over or converted into a Roth IRA. Distributions from Roth 403(b) plans can be rolled over to a Roth IRA regardless of income.

Regular contributions to a Roth IRA are not deductible, and rollovers and conversions from other retirement plans are taxable when completed, but withdrawals that meet certain requirements are not subject to federal income tax on either the original contributions or any earnings. However, once aggregate distributions exceed contributions to the Roth IRA, income tax and a 10% penalty tax may apply to distributions made (1) before 59½ (subject to certain exceptions) or (2) during the five taxable years starting with the year in which the first contribution is made to any Roth IRA. A 10% penalty tax may apply to amounts attributable to a conversion from an IRA if they are distributed during the five taxable years beginning with the year in which the conversion was made. Rollovers of Roth contributions were already taxed when made and are not generally subject to tax when rolled over to a Roth IRA. Sale of the Contract for use with Roth IRAs may be subject to special requirements imposed by the Internal Revenue Service. Purchasers of the Contract for such purposes will be provided with such supplementary information as may be required by the Internal Revenue Service or other appropriate agency, and will have the right to revoke the Contract under certain requirements. Unlike a traditional IRA, Roth IRAs are not subject to minimum required distribution rules during the Contract Owner's lifetime. Generally, however, the amount remaining in a Roth IRA after the Contract Owner's death must begin to be distributed by the end of the first calendar year after death, and made in amounts that satisfy IRS required minimum distribution regulations. Beginning with deaths occurring on or after

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January 1, 2020, subject to certain exceptions, most non-spouse beneficiaries must complete distributions within ten years of the Owner's death.

**Rollovers.** A "rollover" is the tax-free transfer of a distribution from one "eligible retirement plan" to another. Distributions which are rolled over are not included in the employee's gross income until some future time.

If any portion of the balance to the credit of an employee in a Section 403(b) or other eligible retirement plan (other than Roth sources) is paid in an "eligible rollover distribution" and the payee transfers any portion of the amount received to an "eligible retirement plan," then the amount so transferred is not includable in income. Also, pre-tax distributions from an IRA may be rolled over to another kind of eligible retirement plan. An "eligible rollover distribution" generally means any distribution that is not one of a series of periodic payments made for the life of the distributee or for a specified period of at least ten years. In addition, a required minimum distribution, death distributions (except to a surviving spouse) and certain corrective distributions, will not qualify as an eligible rollover distribution. A rollover must be made directly between plans or indirectly within 60 days after receipt of the distribution.

For an employee (or employee's spouse or former spouse as beneficiary or alternate payee), an "eligible retirement plan" will be another Section 403(b) plan, a qualified retirement plan, or a traditional individual retirement account or annuity described in Code Section 408. For a non-spouse beneficiary, an "eligible retirement plan" is an IRA established by the direct rollover. For a Roth 403(b) account, a rollover, including a direct rollover, can only be made to a Roth IRA or to the same kind of account in another plan (such as a Roth 403(b) to a Roth 403(b), but not a Roth 403(b) to a Roth 401(k)) or to a Roth IRA. Anyone attempting to rollover Roth 403(b) contributions should seek competent tax advice. Additionally, a rollover for a Roth IRA can only be made to another Roth IRA.

A Section 403(b) plan must provide a participant receiving an eligible rollover distribution, the option to have the distribution transferred directly to another eligible retirement plan.

Only one indirect rollover may be made from an IRA, including traditional IRAs, Roth IRAs, SIMPLE-IRAs and SEP-IRAs, to another IRA in a 12-month period. The 12-month period begins on the date the IRA distribution is received. If a second indirect rollover is made during the 12-month period, the transaction may have adverse tax consequences. This rollover limitation does not apply to direct rollovers or a rollover between a retirement plan and an IRA.

**Tax Penalties. <u>Premature Distribution Tax.</u>** Distributions from a 403(b) plan or IRA before the participant reaches age 59½ are generally subject to an additional tax equal to 10% of the taxable portion of the distribution. The 10% penalty tax does not apply to distributions: (i) made on or after the death of the employee; (ii) attributable to the employee's disability; (iii) which are part of a series of substantially equal periodic payments made (at least annually) for the life (or life expectancy) of the employee or the joint lives (or joint life expectancies) of the employee and a designated beneficiary and (except for IRAs) which begin after the employee terminates employment; (iv) made to an employee after termination of employment after reaching age 55; (v) made to pay for certain medical expenses; (vi) that are exempt withdrawals of an excess contribution; (vii) that are rolled over or transferred in accordance with Code requirements; (viii) made as a qualified reservist distribution; (ix) that are transferred pursuant to a decree of divorce or separate maintenance or written instrument incident to such a decree; (x) made in connection with the birth or adoption of a child, in limited circumstances; or (xi) made to terminally ill employees.

The exception to the 10% penalty tax described in item (iv) above is not applicable to IRAs. However, distributions from an IRA to unemployed individuals can be made without application of the 10% penalty tax to pay health insurance premiums in certain cases. There are two additional exceptions to the 10% penalty tax on withdrawals from IRAs before age 59½: withdrawals made to pay "qualified" higher education expenses and withdrawals made to pay certain "eligible first-time home buyer expenses." There may be additional exceptions to the 10% penalty tax (e.g., certain disaster relief distributions).

**<u>Minimum Distribution Tax.</u>** If the amount distributed from a Qualified Contract is less than the minimum required distribution for the year, the Participant is subject to a 25% tax on the amount that was not properly distributed, which is reduced to 10% if corrected within a two year correction period. The value of any enhanced death benefits or other optional Contract provisions may need to be taken into account when calculating the minimum required distribution. Consult a tax advisor.

**Withholding.** Periodic distributions (e.g., annuities and installment payments) from a Qualified Contract that will last for a period of ten or more years are generally subject to voluntary income tax withholding. The amount withheld on such periodic distributions is determined at the rate applicable to wages. The recipient of a periodic distribution may generally elect not to have withholding apply.

Eligible rollover distributions from a Qualified Plan (other than IRAs) are generally subject to mandatory 20% income tax withholding. However, no withholding is imposed if the distribution is transferred directly to another eligible retirement plan. Nonperiodic distributions from an IRA are subject to income tax withholding at a flat 10% rate. The recipient of such a distribution may elect not to have withholding apply.

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The above description of the federal income tax consequences of the different types of Qualified Plans which may be funded by the Contract offered by this Prospectus is only a brief summary and is not intended as tax advice. The rules governing the provisions of Qualified Plans are extremely complex and often difficult to comprehend. Anything less than full compliance with the applicable rules, all of which are subject to change, may have adverse tax consequences. A prospective Owner considering adoption of a Qualified Plan and purchase of a Contract in connection therewith should first consult a qualified and competent tax adviser, with regard to the suitability of the Contract as an investment vehicle for the Qualified Plan.

**Other Tax Considerations —**

**Federal Estate, Gift, and Generation-Skipping Transfer Taxes.** While no attempt is being made to discuss in detail the Federal estate tax implications of the Contract, a purchaser should keep in mind that the value of an annuity contract owned by a decedent and payable to a beneficiary by virtue of surviving the decedent is included in the decedent's gross estate. Depending on the terms of the annuity contract, the value of the annuity included in the gross estate may be the value of the lump sum payment payable to the designated beneficiary or the actuarial value of the payments to be received by the beneficiary. Consult an estate planning advisor for more information.

Under certain circumstances, the Code may impose a "generation skipping transfer tax" ("GST") when all or part of an annuity contract is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Owner. Regulations issued under the Code may require the Company to deduct the tax from your Contract, or from any applicable payment, and pay it directly to the IRS.

The potential application of these taxes underscores the importance of seeking guidance from a qualified adviser to help ensure that your estate plan adequately addresses your needs and those of your beneficiaries under all possible scenarios.

**Annuity Purchases by Nonresident Aliens and Foreign Corporations.** The discussion above provides general information regarding U.S. federal income tax consequences to annuity purchasers that are U.S. citizens or residents. Purchasers that are not U.S. citizens or residents will generally be subject to U.S. federal withholding tax on taxable distributions from annuity contracts at a 30% rate, unless a lower treaty rate applies. In addition, such purchasers may be subject to state and/or municipal taxes and taxes that may be imposed by the purchaser's country of citizenship or residence. Additional withholding may occur with respect to entity purchasers (including foreign corporations, partnerships, and trusts) that are not U.S. residents. Prospective purchasers are advised to consult with a qualified tax adviser regarding U.S. state, and foreign taxation with respect to an annuity contract purchase.

**Foreign Tax Credits.** We may benefit from any foreign tax credits attributable to taxes paid by certain Funds to foreign jurisdictions to the extent permitted under Federal tax law.

**Medicare Tax.** Distributions from non-qualified annuity contracts are considered "investment income" for purposes of the Medicare tax on investment income. Thus, in certain circumstances, a 3.8% tax may be applied to some or all of the taxable portion of distributions (e.g. earnings) to individuals whose income exceeds certain threshold amounts. Please consult a tax advisor for more information.

**Possible Tax Changes.** From time to time, legislation has been proposed that would have adversely modified the federal taxation of certain annuities. There is always the possibility that the tax treatment of annuities could change by legislation or other means (such as IRS regulations, revenue rulings, and judicial decisions). Moreover, although unlikely, it is also possible that any legislative change could be retroactive (that is, effective prior to the date of such change). Consult a tax adviser with respect to legislative developments and their effect on the Contract. We have the right to modify the Contract in response to legislative changes that could otherwise diminish the favorable tax treatment that Owners currently receive. We make no guarantee regarding the tax status of any Contract and do not intend the above discussion to be considered tax advice.

**Other Information**

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**Voting of Underlying Fund Shares —** The Company is the legal owner of the shares of the Underlying Funds held by the Subaccounts. The Company will exercise voting rights attributable to the shares of each Underlying Fund held in the Subaccounts at any regular and special meetings of the shareholders of the Underlying Funds on matters requiring shareholder voting. In accordance with its view of presently applicable law, the Company will exercise its voting rights based on instructions received from persons having beneficial interest in corresponding Subaccounts. However, if the 1940 Act or any regulations thereunder should be amended, or if the present interpretation thereof should change, and as a result the Company determines that it is permitted to vote the shares of the Underlying Funds in its own right, it may elect to do so.

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The person having the voting interest under a Contract is the Owner. Unless otherwise required by applicable law, the number of shares of a particular Underlying Fund as to which voting instructions may be given to the Company is determined by dividing your Contract Value in the corresponding Subaccount on a particular date by the net asset value per share of the Underlying Fund as of the same date. Fractional votes will be counted. The number of votes as to which voting instructions may be given will be determined as of the same date established by the Underlying Fund for determining shareholders eligible to vote at the meeting of the Underlying Fund. If required by the SEC, the Company reserves the right to determine in a different fashion the voting rights attributable to the shares of the Underlying Funds. Voting instructions may be cast in person or by proxy.

It is important that each Owner provide voting instructions to the Company because we vote all Underlying Fund shares proportionately in accordance with instructions received from Owners. This means that the Company will vote shares for which no timely voting instructions are received in the same proportion as those shares for which we do receive voting instructions. As a result, a small number of Owners may control the outcome of a vote. The Company will also exercise the voting rights from assets in each Subaccount that are not otherwise attributable to Owners, if any, in the same proportion as the voting instructions that are received in a timely manner for all Contracts participating in that Subaccount.

**Changes to Investments —** The Company reserves the right, subject to compliance with the law as then in effect, to make additions to, deletions from, or combinations of the securities that are held by the Separate Account or any Subaccount or that the Separate Account or any Subaccount may purchase. In addition, the Company reserves the right to substitute shares of any or all of the Underlying Funds in accordance with applicable law. In all cases, the Company will send you notice. For instance, the Company may seek to substitute shares of Underlying Funds should they no longer be available for investment, or if the Company's management believes further investment in shares of any Underlying Fund should become inappropriate in view of the purposes of the Contract. The Company may substitute shares of an Underlying Fund with the shares of another Underlying Fund or the shares of a fund not currently offered under the Contract. Substituted fund shares may have higher fees and expenses. The Company may also purchase, through the Subaccount, other securities for other classes of contracts, or permit a conversion between classes of contracts on the basis of requests made by Owners. The Company further reserves the right to close any Subaccount to future allocations.

The Company also reserves the right to establish additional Subaccounts of the Separate Account that would invest in a new Underlying Fund or in shares of another investment company, a series thereof, or other suitable investment vehicle. The Company may establish new Subaccounts in its sole discretion, and will determine whether to make any new Subaccount available to existing Owners. The Company may also eliminate or combine one or more Subaccounts to all or only certain classes of Owners if, in its sole discretion, marketing, tax, or investment conditions so warrant.

Subject to compliance with applicable law, the Company may transfer assets to the General Account. The Company also reserves the right, subject to any required regulatory approvals, to transfer assets of the Separate Account or any Subaccount to another separate account or Subaccount.

In the event of any such substitution or change, the Company may, by appropriate endorsement, make such changes in these and other contracts as may be necessary or appropriate to reflect such substitution or change. If the Company believes it to be in the best interests of persons having voting rights under the Contract, the Separate Account may be operated as a management investment company under the 1940 Act or any other form permitted by law. The Separate Account may be deregistered under the 1940 Act in the event such registration is no longer required, or it may be combined with other separate accounts of the Company or an affiliate thereof. Subject to compliance with applicable law, the Company also may establish a committee, board, or other group to manage one or more aspects of the operation of the Separate Account.

**Changes to Comply with Law and Amendments —** The Company reserves the right, without the consent of Owners, to suspend sales of the Contract as presently offered and to make any change to the provisions of the Contract to comply with, or give Owners the benefit of, any federal or state statute, rule, or regulation, including but not limited to requirements for annuity contracts and retirement plans under the Internal Revenue Code and regulations thereunder or any state statute or regulation.

**Reports to Owners —** The Company will send you annually a statement setting forth a summary of the transactions that occurred during the year, and indicating the Contract Value as of the end of each year. In addition, the statement will indicate the allocation of Contract Value among the Subaccounts and any other information required by law. The Company will also send confirmations upon Purchase Payments, transfers, and full and partial

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withdrawals. The Company may confirm certain transactions on a quarterly basis rather than at the time they occur. These transactions include purchases under an Automatic Investment Program, transfers under the Dollar Cost Averaging and Asset Reallocation Options, systematic withdrawals and annuity payments.

You will also receive an annual and semiannual shareholder report for those Underlying Funds corresponding to the Subaccounts to which you have allocated your Contract Value. The shareholder reports contain information required by federal securities laws and will also be available online at <u>https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=336277116&template=fsblny</u>.

**Electronic Privileges — If the Electronic Privileges section of the application or the proper form has been completed, signed, and received at the Company's Administrative Office**, you may (1) request a transfer of Contract Value and make changes in your Purchase Payment allocation and to an existing Dollar Cost Averaging or Asset Reallocation Option by telephone; (2) request a transfer of Contract Value electronically via facsimile; and (3) request a transfer of Contract Value through the Company's website. If you elect Electronic Privileges, you automatically authorize your financial representative to make transfers of Contract Value and changes in your Purchase Payment allocation or Dollar Cost Averaging or Asset Reallocation Option, on your behalf.

Any telephone or electronic device, whether it is the Company's, yours, your service provider's, or your registered representative's, can experience outages or slowdowns for a variety of reasons. These outages or slowdowns may delay or prevent the Company's processing of your transfer request. Although we have taken precautions to limit these problems, we cannot promise complete reliability under all circumstances. If you are experiencing problems, you should make your transfer request by writing to our Administrative Office.

The Company has established procedures to confirm that instructions communicated by telephone are genuine and will not be liable for any losses due to fraudulent or unauthorized instructions, provided it complies with its procedures. The Company's procedures require that any person requesting a transfer by telephone provide the account number and the Owner's tax identification number and such instructions must be received on a recorded line. The Company reserves the right to deny any telephone transfer request. If all telephone lines are busy (which might occur, for example, during periods of substantial market fluctuations) or are otherwise unavailable, you may not be able to request transfers by telephone and would have to submit written requests.

By authorizing telephone transfers, you authorize the Company to accept and act upon telephonic instructions for transfers involving your Contract. There are risks associated with telephone transactions that do not occur if a written request is submitted. Anyone authorizing or making telephone requests bears those risks. You agree that neither the Company nor any of its affiliates nor any Underlying Fund, will be liable for any loss, damages, cost, or expense (including attorneys' fees) arising out of any telephone requests, provided that the Company effects such request in accordance with its procedures. As a result of this policy on telephone requests, you bear the risk of loss arising from the telephone transfer privilege. The Company may discontinue, modify, or suspend the telephone transfer privilege at any time.

**Legal Proceedings —** The Company and its subsidiaries, like other life insurance companies, may be involved in lawsuits, including class action lawsuits. In some class action and other lawsuits involving insurers, substantial damages have been sought and/or material settlement payments have been made. Although the outcome of any litigation cannot be predicted with certainty, the Company believes that at the present time there are no legal proceedings pending or threatened to which the Company, the Separate Account, or SDL is a party that are reasonably likely to materially affect the Separate Account or the Company's ability to meet its obligations under the Contract, or SDL's ability to perform its contract with the Separate Account.

**Sale of the Contract —** The Company currently offers the Contract on a continuous basis. The Company anticipates continuing to offer the Contract but reserves the right to discontinue the offering.

**Principal Underwriter.** The Company has entered into a principal underwriting agreement with its affiliate, SDL, for the distribution and sale of the Contract. SDL's home office is located at One Security Benefit Place, Topeka, Kansas 66636-0001. SDL, a wholly-owned subsidiary of Security Benefit Life Insurance Company, an affiliate of the Company, is registered as a broker-dealer with the SEC under the Securities Exchange Act of 1934, as amended, and is a member of FINRA.

SDL does not sell the Contract directly to purchasers. The Contract is offered to the public through SDL's registered representatives, as well as through registered representatives of broker-dealers that have entered into selling agreements with SDL for the sale of the Contract (collectively, "Selling Broker-Dealers"). Registered representatives of SDL and of Selling Broker-Dealers must be licensed as insurance agents by New York insurance authorities and appointed as agents of the Company in order to sell the Contract. The Company pays commissions directly to SDL, as well as to Selling Broker-Dealers through SDL in connection with sales of the Contract. During

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fiscal years 2025, 2024, and 2023, the amounts paid to SDL in connection with all contracts sold through the Separate Account were $0, $0, and $0, respectively. SDL passes through commissions it receives either to the SDL registered representatives involved in the sales process or to the Selling Broker-Dealers for their sales of the Contract, as applicable. SDL does not retain any portion of commissions it receives as principal underwriter for the Contract. However, the Company (or an affiliate) pays some or all of SDL's operating and other expenses, including the following sales expenses: compensation and bonuses for SDL's management team, compensation and benefits for SDL's registered representatives, advertising expenses, and other expenses of distributing the Contract. The Company does not pay commissions to financial intermediaries who receive advisory fees from Contract owners because such intermediaries receive compensation in connection with the Contract in the form of those advisory fees.

**Selling Broker-Dealers.** The Company pays commissions to SDL and to Selling Broker-Dealers in connection with the promotion and sale of the Contract according to one or more schedules. A portion of any payments made to Selling Broker-Dealers may be passed on to their registered representatives in accordance with their internal compensation programs. Commissions and other incentives or payments described below are not charged directly to Owners or the Separate Account. The Company uses its corporate assets to pay commissions and other costs of distributing the Contract. Commissions and other incentives or payments described below are not charged directly to Owners of the Separate Account. The Company intends to recoup commissions and other sales expenses through fees and charges deducted under the Contract (including any profit from the mortality and expense risk charge or other fees and charges imposed under the Contract) or from its General Account.

**Compensation Paid to All Selling Broker-Dealers.** The Company pays compensation as a percentage of initial and subsequent Purchase Payments at the time it receives them or as a percentage of Contract Value on an ongoing basis. While the amount and timing of compensation may vary depending on the selling agreement, the Company does not expect compensation to exceed 6% annually of aggregate Purchase Payments (if compensation is paid as a percentage of Purchase Payments) or 0.25% annually of average Contract Value (if compensation is paid as a percentage of Contract Value). The Company also pays non-cash compensation in connection with the sale of the Contract, including conferences, seminars and trips (including travel, lodging and meals in connection therewith), entertainment, merchandise and other similar items, in compliance with applicable regulatory requirements.

The registered representative who sells you the Contract typically receives a portion of the compensation the Company pays to his or her Selling Broker-Dealer, depending on the agreement between the Selling Broker-Dealer and your registered representative and the Selling Broker-Dealer's internal compensation program. These programs may include other types of cash and non-cash compensation and other benefits. **Ask your registered representative for further information about what he or she and the Selling Broker-Dealer for whom he or she works receive in connection with your purchase of a Contract.**

**Additional Compensation Paid to Selected Selling Broker-Dealers.** In addition to the commissions and non-cash compensation described above, the Company pays additional compensation to selected Selling Broker-Dealers. These payments include: (1) trail commissions or persistency payments, which are periodic payments based on contract values of the Company's variable insurance contracts (including Contract Values of the Contract) or other persistency standards; (2) preferred status fees (which may be in the form of a higher percentage of ordinary commission) paid to obtain preferred treatment of the Contract in Selling Broker-Dealers' marketing programs, including enhanced marketing services and increased access to their registered representatives; (3) one-time bonus payments for their participation in sales promotions with regard to the Contract; (4) periodic bonus payments calculated as a percentage of the average contract value of the Company's variable insurance contracts (including the Contract) sold by the Selling Broker-Dealer during the calendar year of payment; (5) sponsorship of or reimbursement of industry conference fees paid to help defray the costs of sales conferences and educational seminars put on by the Selling Broker-Dealers; and (6) reimbursement of Selling Broker-Dealers for expenses incurred by the Selling Broker-Dealer or its registered representatives in connection with client seminars or similar prospecting activities conducted to promote sales of the Contract.

These additional compensation arrangements are not offered to all Selling Broker-Dealers and the terms of such arrangements and the payments made thereunder can differ substantially among Selling Broker-Dealers. The payments may be significant and may be calculated in different ways for different Selling Broker-Dealers. These arrangements are designed to specially encourage the sale of the Company's products (and/or its affiliates' products) by such Selling Broker-Dealers. The prospect of receiving, or the receipt of, additional compensation may provide Selling Broker-Dealers and/or their registered representatives with an incentive to favor sales of the Contract over other variable annuity contracts (or other investments) with respect to which a Selling Broker-Dealer does not receive additional compensation or receives lower levels of additional compensation. You may wish to take such payment arrangements into account when considering and evaluating any recommendation relating to the Contract.

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**Ask your registered representative for further information about what he or she and the Selling Broker-Dealer for whom he or she works may receive in connection with your purchase of a Contract.**

**Additional Information**

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**Registration Statement —** A Registration Statement of which this Prospectus is a part has been filed with the SEC relating to the offering described in this Prospectus. This Prospectus does not include all the information included in the Registration Statement, certain portions of which, including the Statement of Additional Information, have been omitted pursuant to the rules and regulations of the SEC. The omitted information may be obtained at the SEC's principal office in Washington, DC, upon payment of any of the SEC's prescribed fees, and may also be obtained for free from the SEC's web site (<u>https://www.sec.gov</u>). You may also obtain the Statement of Additional Information by writing the Company at its Administrative Office, P.O. Box 750497, Topeka, Kansas 66675-0497 or by calling 1-800-888-2461. The Statement of Additional Information is also available online at <u>https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=336277116&template=fsblny</u>.

**Financial Statements —** You can find financial statements for First Security Benefit Life Insurance and Annuity Company of New York and Subsidiaries and the Separate Account in the Statement of Additional Information, which is available online at <u>https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=336277116&template=fsblny</u>. To receive a copy of the Statement of Additional Information free of charge, call your investment professional or contact us at 1-800-888-2461.

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APPENDIX A

**Investment Options Available Under the Contract**

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**Underlying Funds —** The following is a list of Underlying Funds available under the Contract. More information about the Underlying Funds is available in the prospectuses for the Underlying Funds, which may be amended or updated from time to time, and can be found online at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=336277116&template=fsblny. You can view, download, and print copies of Underlying Fund documents at this website. You can also request this information at no cost by calling 1-800-888-2461 or by sending an email request to FSBLProspectusRequests@securitybenefit.com.

The current expenses and performance information below reflect the fees and expenses of the Underlying Funds, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Underlying Fund's past performance is not necessarily an indication of future performance. Updated performance information is available online at https://www.fsbl.com/performance.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup>  | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup>  | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Mid Cap Value | AB Discovery Value – Class B<br> *Adviser:* AllianceBernstein L.P.<br>| 1.07% | N/A | 2.64% | 8.48% | 8.27% |
| Large Cap <br> Value<br>| AB Relative Value – Class B<br> *Adviser:* AllianceBernstein L.P.<br>| 0.86% | N/A | 10.20% | 11.15% | 10.30% |
| Global Equity | AB Sustainable Global Thematic – Class B<br> *Adviser:* AllianceBernstein L.P.<br>| 1.26% | N/A | 6.02% | 3.02% | 9.80% |
| Global <br> Allocation<br>| AB VPS Dynamic Asset Allocation – Class <br> B<br> *Adviser:* AllianceBernstein L.P.<br>| 1.20% | N/A | 13.21% | 4.74% | 5.25% |
| Global Equity | AFIS Capital World Growth and Income – <br> Class 4<br> *Adviser:* Capital Research and <br> Management Company<br>| 1.01% | N/A | 24.46% | 10.01% | 10.74% |
| Government <br> Bond<br>| AFIS U.S. Government Securities – Class 4<br> *Adviser:* Capital Research and <br> Management Company<br>| 0.84% | N/A | 7.54% | -0.49% | 1.45% |
| Large Cap <br> Blend<br>| AFIS Washington Mutual Investors – Class <br> 4<br> *Adviser:* Capital Research and <br> Management Company<br>| 0.90% | N/A | 16.90% | 13.60% | 12.08% |
| Large Cap <br> Growth<br>| Alger Capital Appreciation – Class S<sup>2</sup> <br>*Adviser:* Fred Alger Management, LLC<br>| 1.19% | N/A | 32.51% | 16.04% | 17.86% |
| Large Cap <br> Growth<br>| Alger Large Cap Growth – Class I-2<br> *Adviser:* Fred Alger Management, LLC<br>| 0.89% | N/A | 30.27% | 11.12% | 16.73% |
| Mid Cap Blend | Allspring Opportunity VT – Class 2<br> *Adviser:* Allspring Funds Management, LLC<br> *Sub-Adviser:* Allspring Global Investments, <br> LLC<br>| 1.08% | N/A | 6.71% | 8.94% | 11.85% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Growth<br>| Allspring VT Discovery All Cap Growth – <br> Class 2<br> *Adviser:* Allspring Funds Management, LLC<br> *Sub-Adviser:* Allspring Global Investments, <br> LLC<br>| 1.04% | N/A | 15.27% | 6.04% | 13.57% |
| Specialty-Sector | ALPS/Alerian Energy Infrastructure – Class <br> III<br> *Adviser:* ALPS Advisors, Inc.<br>| 1.30% | N/A | 4.66% | 22.06% | 10.70% |
| Balanced/Asset <br> Allocation<br>| American Funds IS<sup>®</sup> Asset Allocation – <br> Class 4<br> *Adviser:* Capital Research and <br> Management Company<br>| 0.79% | N/A | 15.59% | 8.70% | 9.50% |
| Global Bond | American Funds IS<sup>®</sup> Capital World Bond – <br> Class 4<br> *Adviser:* Capital Research and <br> Management Company<br>| 0.98% | N/A | 9.03% | -2.76% | 0.97% |
| International <br> Equity<br>| American Funds IS<sup>®</sup> EUPAC Fund<sup>TM</sup> – <br> Class 4<br> *Adviser:* Capital Research and <br> Management Company<br>| 1.03% | N/A | 26.41% | 3.14% | 6.73% |
| Global Equity | American Funds IS<sup>®</sup> Global Growth – Class <br> 4<br> *Adviser:* Capital Research and <br> Management Company<br>| 1.01% | N/A | 21.34% | 7.97% | 11.89% |
| Large Cap <br> Growth<br>| American Funds IS<sup>®</sup> Growth – Class 4<br> *Adviser:* Capital Research and <br> Management Company<br>| 0.83% | N/A | 19.93% | 13.09% | 17.67% |
| Large Cap <br> Blend<br>| American Funds IS<sup>®</sup> Growth-Income – <br> Class 4<br> *Adviser:* Capital Research and <br> Management Company<br>| 0.78% | N/A | 17.77% | 13.62% | 13.63% |
| International <br> Equity<br>| American Funds IS<sup>®</sup> International Growth <br> and Income – Class 4<br> *Adviser:* Capital Research and <br> Management Company<br>| 1.06% | N/A | 35.09% | 7.42% | 7.54% |
| Intermediate <br> Term Bond<br>| American Funds IS<sup>®</sup> Mortgage – Class 4<br> *Adviser:* Capital Research and <br> Management Company<br>| 0.89% | N/A | 8.32% | 0.06% | 1.43% |
| Emerging <br> Markets<br>| American Funds IS<sup>®</sup> New World – Class 4<br> *Adviser:* Capital Research and <br> Management Company<br>| 1.15% | N/A | 27.92% | 5.06% | 8.98% |
| Global Equity | American Funds IS<sup>®</sup> SMALLCAP World <br> Fund<sup>®</sup> – Class 4<br> *Adviser:* Capital Research and <br> Management Company<br>| 1.20% | N/A | 14.33% | 0.23% | 6.96% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Blend<br>| BlackRock Advantage Large Cap Core V.I. <br> – Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.04% | N/A | 19.73% | 13.85% | 14.08% |
| Large Cap <br> Value<br>| BlackRock Basic Value V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.13% | N/A | 24.04% | 12.81% | 10.52% |
| Large Cap <br> Growth<br>| BlackRock Capital Appreciation V.I. – Class <br> III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.37% | N/A | 11.77% | 10.50% | 15.32% |
| Large Cap <br> Value<br>| BlackRock Equity Dividend V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.13% | N/A | 21.32% | 11.45% | 11.01% |
| Global <br> Allocation<br>| BlackRock Global Allocation V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br> *Sub-Adviser:* BlackRock (Singapore) <br> Limited; BlackRock International Limited<br>| 1.15% | N/A | 19.42% | 5.51% | 7.33% |
| High Yield Bond | BlackRock High Yield V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br> *Sub-Adviser:* BlackRock International <br> Limited<br>| 0.89% | N/A | 9.09% | 4.57% | 6.07% |
| Large Cap <br> Growth<br>| BlackRock Large Cap Focus Growth V.I. – <br> Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.15% | N/A | 11.48% | 10.19% | 15.98% |
| Small Cap <br> Blend<br>| BNY Mellon IP Small Cap Stock Index – <br> Service Class<br> *Adviser:* BNY Mellon Investment Adviser, <br> Inc.<br>| 0.61% | N/A | 5.36% | 6.65% | 9.15% |
| Specialty-Sector | BNY Mellon IP Technology Growth – <br> Service Class<br> *Adviser:* BNY Mellon Investment Adviser, <br> Inc.<br> *Sub-Adviser:* Newton Investment <br> Management North America, LLC<br>| 1.07% | N/A | 27.87% | 8.96% | 16.97% |
| Large Cap <br> Blend<br>| BNY Mellon Stock Index – Service Class<br> *Adviser:* BNY Mellon Investment Adviser, <br> Inc.<br> *Sub-Adviser:* Mellon Investments <br> Corporation<br>| 0.52% | N/A | 17.23% | 13.83% | 14.23% |
| Large Cap <br> Blend<br>| BNY Mellon VIF Appreciation – Service <br> Class<br> *Adviser:* BNY Mellon Investment Adviser, <br> Inc.<br> *Sub-Adviser:* Fayez Sarofim & Co., LLC<br>| 1.10% | N/A | 9.78% | 9.08% | 12.63% |
| Global Equity | Dimensional VA Equity Allocation – <br> Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors <br> Ltd.; DFA Australia Limited<br>| 0.48% | 0.45% | 19.94% | 12.23% | N/A |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Global Bond | Dimensional VA Global Bond Portfolio – <br> Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors <br> Ltd.; DFA Australia Limited<br>| 0.21% | 0.45% | 4.35% | 1.38% | 1.81% |
| Global <br> Allocation<br>| Dimensional VA Global Moderate Allocation <br> – Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br>| 0.43% | 0.45% | 14.68% | 8.42% | 8.65% |
| International <br> Equity<br>| Dimensional VA International Small <br> Portfolio – Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors <br> Ltd.; DFA Australia Limited<br>| 0.39% | 0.45% | 36.99% | 8.89% | 8.68% |
| International <br> Equity<br>| Dimensional VA International Value <br> Portfolio – Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors <br> Ltd.; DFA Australia Limited<br>| 0.27% | 0.45% | 45.64% | 15.85% | 10.46% |
| Short Term <br> Bond<br>| Dimensional VA Short-Term Fixed Portfolio <br> – Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors <br> Ltd.; DFA Australia Limited<br>| 0.12% | 0.45% | 4.33% | 2.65% | 1.97% |
| Large Cap <br> Value<br>| Dimensional VA U.S. Large Value Portfolio – <br> Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br>| 0.21% | 0.45% | 15.83% | 11.97% | 10.51% |
| Small Cap <br> Value<br>| Dimensional VA U.S. Targeted Value <br> Portfolio – Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br>| 0.29% | 0.45% | 8.95% | 13.60% | 11.00% |
| Large Value | Donoghue Forlines Dividend VIT Fund – <br> Class 1<br> *Adviser:* Donoghue Forlines LLC<br>| 2.77% | N/A | 17.19% | 8.72% | 3.46% |
| Tactical <br> Allocation<br>| Donoghue Forlines Momentum VIT Fund – <br> Class 1<br> *Adviser:* Donoghue Forlines LLC<br>| 1.56% | N/A | 23.52% | 12.83% | 9.23% |
| Mid Cap Value | DWS Small Mid Cap Value VIP – Class B<br> *Adviser:* DWS Investment Management <br> Americas, Inc.<br>| 1.24% | N/A | 17.85% | 9.27% | 7.18% |
| Floating Rate <br> Bond<br>| Eaton Vance VT Floating-Rate Income - <br> Initial Class<br> *Adviser:* Eaton Vance Management<br>| 1.19% | N/A | 3.95% | 4.64% | 4.43% |
| Intermediate <br> Government<br>| Federated Hermes Fund for U.S. <br> Government Securities II<br> *Adviser:* Federated Investment <br> Management Company<br>| 1.02% | N/A | 6.80% | -0.84% | 1.06% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| High Yield Bond | Federated Hermes High Income Bond II – <br> Service Class<br> *Adviser:* Federated Investment <br> Management Company<br>| 1.14% | N/A | 8.18% | 3.45% | 5.33% |
| Balanced/Asset <br> Allocation<br>| Fidelity<sup>®</sup> VIP Balanced – Service Class 2<br> *Adviser:* Fidelity Management & Research <br> Company LLC<br> *Sub-Adviser:* FMR Investment Management <br> (UK) Limited; Fidelity Management & <br> Research (Hong Kong) Limited; Fidelity <br> Management & Research (Japan) Limited<br>| 0.66% | N/A | 14.96% | 9.24% | 10.84% |
| Large Cap <br> Blend<br>| Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup> – Service Class 2<br> *Adviser:* Fidelity Management & Research <br> Company LLC<br> *Sub-Adviser:* FMR Investment Management <br> (UK) Limited; Fidelity Management & <br> Research (Hong Kong) Limited; Fidelity <br> Management & Research (Japan) Limited<br>| 0.79% | N/A | 21.24% | 15.08% | 15.49% |
| Small Cap <br> Blend<br>| Fidelity<sup>®</sup> VIP Disciplined Small Cap – <br> Service Class 2<br> *Adviser:* Fidelity Management & Research <br> Company LLC<br>| 0.57% | N/A | 17.09% | 10.09% | 10.31% |
| Emerging <br> Markets<br>| Fidelity<sup>®</sup> VIP Emerging Markets – Service <br> Class 2<br> *Adviser:* Fidelity Management & Research <br> Company LLC<br> *Sub-Adviser:* FMR Investment Management <br> (UK) Limited; Fidelity Management & <br> Research (Hong Kong) Limited; Fidelity <br> Management & Research (Japan) Limited; <br> FIL Investment Advisors; FIL Investment <br> Advisors (UK) Limited<br>| 1.12% | N/A | 40.79% | 5.62% | 10.66% |
| Large Cap <br> Growth<br>| Fidelity<sup>®</sup> VIP Growth & Income – Service <br> Class 2<br> *Adviser:* Fidelity Management & Research <br> Company LLC<br> *Sub-Adviser:* FMR Investment Management <br> (UK) Limited; Fidelity Management & <br> Research (Hong Kong) Limited; Fidelity <br> Management & Research (Japan) Limited<br>| 0.72% | N/A | 21.21% | 15.83% | 13.56% |
| Large Cap <br> Growth<br>| Fidelity<sup>®</sup> VIP Growth Opportunities – <br> Service Class 2<br> *Adviser:* Fidelity Management & Research <br> Company LLC<br> *Sub-Adviser:* FMR Investment Management <br> (UK) Limited; Fidelity Management & <br> Research (Hong Kong) Limited; Fidelity <br> Management & Research (Japan) Limited<br>| 0.81% | N/A | 21.73% | 11.04% | 19.64% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| High Yield Bond<br> Fidelity<sup>®</sup> VIP High Income – Service Class <br> 2<br> *Adviser:* Fidelity Management & Research <br> Company LLC<br> *Sub-Adviser:* FMR Investment Management <br> (UK) Limited; Fidelity Management & <br> Research (Hong Kong) Limited; Fidelity <br> Management & Research (Japan) Limited<br>| 1.07% | N/A | 10.31% | 4.00% | 5.34% |
| Large Cap <br> Blend<br>Fidelity<sup>®</sup> VIP Index 500 – Service Class 2<br> *Adviser:* Fidelity Management & Research <br> Company LLC<br> *Sub-Adviser:* Geode Capital Management, <br> LLC<br>| 0.34% | N/A | 17.48% | 14.03% | 14.42% |
| Intermediate <br> Term Bond<br>Fidelity<sup>®</sup> VIP Investment Grade Bond – <br> Service Class 2<br> *Adviser:* Fidelity Management & Research <br> Company LLC<br> *Sub-Adviser:* FMR Investment Management <br> (UK) Limited; Fidelity Management & <br> Research (Hong Kong) Limited; Fidelity <br> Management & Research (Japan) Limited<br>| 0.62% | N/A | 6.93% | -0.21% | 2.45% |
| Mid Cap Growth<br> Fidelity<sup>®</sup> VIP Mid Cap – Service Class 2<br> *Adviser:* Fidelity Management & Research <br> Company LLC<br> *Sub-Adviser:* FMR Investment Management <br> (UK) Limited; Fidelity Management & <br> Research (Hong Kong) Limited; Fidelity <br> Management & Research (Japan) Limited<br>| 0.80% | N/A | 11.49% | 9.83% | 10.31% |
| International <br> Equity<br>Fidelity<sup>®</sup> VIP Overseas – Service Class 2<br> *Adviser:* Fidelity Management & Research <br> Company LLC<br> *Sub-Adviser:* FMR Investment Management <br> (UK) Limited; Fidelity Management & <br> Research (Hong Kong) Limited; Fidelity <br> Management & Research (Japan) Limited; <br> FIL Investment Advisors; FIL Investment <br> Advisors (UK) Limited<br>| 0.97% | N/A | 20.05% | 6.35% | 7.55% |
| Specialty-Sector<br> Fidelity<sup>®</sup> VIP Real Estate – Service Class 2<br> *Adviser:* Fidelity Management & Research <br> Company LLC<br> *Sub-Adviser:* FMR Investment Management <br> (UK) Limited; Fidelity Management & <br> Research (Hong Kong) Limited; Fidelity <br> Management & Research (Japan) Limited<br>| 0.85% | N/A | 2.90% | 3.98% | 3.61% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Multi-Sector <br> Bond<br>| Fidelity<sup>®</sup> VIP Strategic Income – Service <br> Class 2<br> *Adviser:* Fidelity Management & Research <br> Company LLC<br> *Sub-Adviser:* FMR Investment Management <br> (UK) Limited; Fidelity Management & <br> Research (Hong Kong) Limited; Fidelity <br> Management & Research (Japan) Limited; <br> FIL Investment Advisors; FIL Investment <br> Advisors (UK) Limited<br>| 0.88% | N/A | 8.58% | 2.79% | 4.40% |
| Multi Cap <br> Growth<br>| Franklin DynaTech VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.88% | N/A | 18.13% | 9.09% | 14.08% |
| Large Cap <br> Value<br>| Franklin Growth and Income VIP Fund – <br> Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 1.04% | N/A | 16.90% | 11.90% | 11.12% |
| Balanced/Asset <br> Allocation<br>| Franklin Income VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.72% | N/A | 12.56% | 7.66% | 7.30% |
| Large Cap <br> Growth<br>| Franklin Large Cap Growth VIP Fund – <br> Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 1.11% | N/A | 7.22% | 6.83% | 12.87% |
| Global Equity | Franklin Mutual Global Discovery VIP Fund <br> – Class 2<br> *Adviser:* Franklin Mutual Advisers, LLC<br>| 1.16% | N/A | 23.34% | 12.00% | 8.52% |
| Large Cap <br> Value<br>| Franklin Mutual Shares VIP Fund – Class 2<br> *Adviser:* Franklin Mutual Advisers, LLC<br>| 0.94% | N/A | 11.52% | 9.20% | 7.53% |
| Large Cap <br> Blend<br>| Franklin Rising Dividends VIP Fund – Class <br> 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.89% | N/A | 11.80% | 9.50% | 12.10% |
| Small Cap <br> Value<br>| Franklin Small Cap Value VIP Fund – Class <br> 2<br> *Adviser:* Franklin Mutual Advisers, LLC<br>| 0.92% | N/A | 7.65% | 8.86% | 9.81% |
| Small Cap <br> Growth<br>| Franklin Small-Mid Cap Growth VIP Fund – <br> Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 1.09% | N/A | 2.52% | 1.03% | 9.89% |
| Multi-Sector <br> Bond<br>| Franklin Strategic Income VIP Fund – Class <br> 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 1.08% | N/A | 7.24% | 1.92% | 3.10% |
| Government <br> Bond<br>| Franklin U.S. Government Securities VIP <br> Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.79% | N/A | 6.69% | 0.02% | 1.14% |
| International <br> Equity<br>| Goldman Sachs VIT International Equity <br> Insights – Service Class<br> *Adviser:* Goldman Sachs Asset <br> Management L.P.<br>| 1.37% | N/A | 38.15% | 10.80% | 7.96% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Value<br>| Goldman Sachs VIT Large Cap Value – <br> Service Class<br> *Adviser:* Goldman Sachs Asset <br> Management L.P.<br>| 1.08% | N/A | 10.60% | 11.00% | 9.34% |
| Mid Cap Growth | Goldman Sachs VIT Mid Cap Growth – <br> Service Class<br> *Adviser:* Goldman Sachs Asset <br> Management L.P.<br>| 1.49% | N/A | 7.36% | 4.67% | 11.58% |
| Mid Cap Value | Goldman Sachs VIT Mid Cap Value – <br> Service Class<br> *Adviser:* Goldman Sachs Asset <br> Management L.P.<br>| 1.09% | N/A | 9.13% | 9.77% | 9.75% |
| Small Cap <br> Blend<br>| Goldman Sachs VIT Small Cap Equity <br> Insights – Service Class<br> *Adviser:* Goldman Sachs Asset <br> Management L.P.<br>| 1.13% | N/A | 15.82% | 10.19% | 10.57% |
| Large Cap <br> Growth<br>| Goldman Sachs VIT Strategic Growth – <br> Service Class<br> *Adviser:* Goldman Sachs Asset <br> Management L.P.<br>| 1.04% | N/A | 17.58% | 12.47% | 16.13% |
| Floating Rate <br> Bond<br>| Guggenheim VIF Floating Rate Strategies<br> *Adviser:* Guggenheim Partners Investment <br> Management, LLC<br>| 1.54% | N/A | 3.57% | 4.56% | 4.12% |
| Specialty | Guggenheim VIF Global Managed Futures <br> Strategy<br> *Adviser:* Security Investors, LLC<br>| 2.32% | N/A | 3.65% | 3.94% | 1.27% |
| High Yield Bond | Guggenheim VIF High Yield<br> *Adviser:* Guggenheim Partners Investment <br> Management, LLC<br>| 1.57% | N/A | 6.84% | 4.16% | 5.55% |
| Specialty | Guggenheim VIF Multi-Hedge Strategies<br> *Adviser:* Security Investors, LLC<br>| 1.80% | N/A | 1.25% | 1.23% | 1.62% |
| Intermediate <br> Term Bond<br>| Guggenheim VIF Total Return Bond<br> *Adviser:* Guggenheim Partners Investment <br> Management, LLC<br>| 0.99% | N/A | 7.48% | -0.21% | 3.13% |
| Large Cap <br> Growth<br>| Invesco V.I. American Franchise – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.10% | N/A | 11.39% | 10.08% | 14.58% |
| Mid Cap Value | Invesco V.I. American Value – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.14% | N/A | 20.76% | 17.56% | 12.01% |
| Global <br> Allocation<br>| Invesco V.I. Balanced-Risk Allocation – <br> Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.60% | N/A | 8.69% | 2.27% | 4.91% |
| Large Cap <br> Value<br>| Invesco V.I. Comstock – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.00% | N/A | 17.14% | 15.14% | 11.67% |
| Large Cap <br> Blend<br>| Invesco V.I. Core Equity – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.05% | N/A | 15.88% | 12.52% | 11.46% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Mid Cap Growth | Invesco V.I. Discovery Mid Cap Growth – <br> Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.11% | N/A | 4.53% | 3.64% | 11.10% |
| Large Blend | Invesco V.I. Equally-Weighted S&P 500 – <br> Series II<br> *Adviser:* Invesco Advisers, Inc.<br> *Sub-Adviser:* Invesco Capital Management <br> LLC<br>| 0.59% | N/A | 10.82% | 9.89% | 11.11% |
| Balanced/Asset <br> Allocation<br>| Invesco V.I. Equity and Income – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 0.82% | N/A | 12.52% | 8.68% | 8.64% |
| International <br> Equity<br>| Invesco V.I. EQV International Equity – <br> Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.15% | N/A | 16.23% | 3.42% | 5.95% |
| Global Equity | Invesco V.I. Global – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.06% | N/A | 15.02% | 7.01% | 10.72% |
| Specialty-Sector | Invesco V.I. Global Real Estate – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.27% | N/A | 7.61% | 1.49% | 2.18% |
| Multi-Sector <br> Bond<br>| Invesco V.I. Global Strategic Income – <br> Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.21% | N/A | 12.75% | 1.39% | 2.76% |
| Government <br> Bond<br>| Invesco V.I. Government Securities – Series <br> II<br> *Adviser:* Invesco Advisers, Inc.<br>| 0.95% | N/A | 6.95% | -0.22% | 1.34% |
| Large Cap <br> Value<br>| Invesco V.I. Growth and Income – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.00% | N/A | 15.30% | 12.56% | 10.46% |
| Specialty-Sector | Invesco V.I. Health Care – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.24% | N/A | 15.08% | 3.54% | 6.31% |
| High Yield Bond | Invesco V.I. High Yield – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.17% | N/A | 6.35% | 3.40% | 4.55% |
| International <br> Equity<br>| Invesco V.I. International Growth Fund – <br> Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.43% | N/A | 15.53% | 1.88% | 5.34% |
| Mid Cap Blend | Invesco V.I. Main Street Mid Cap Fund<sup>®</sup> – <br> Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.19% | N/A | 8.96% | 8.83% | 9.08% |
| Small Cap <br> Blend<br>| Invesco V.I. Main Street Small Cap Fund<sup>®</sup> – <br> Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.09% | N/A | 8.44% | 8.07% | 10.31% |
| Speciality | Invesco V.I. S&P 500 Buffer Fund - <br> December - Class II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.06% | N/A | 12.37% | N/A | N/A |
| Speciality | Invesco V.I. S&P 500 Buffer Fund - June - <br> Class II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.05% | N/A | 13.35% | N/A | N/A |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Speciality | Invesco V.I. S&P 500 Buffer Fund - March - <br> Class II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.08% | N/A | 7.25% | N/A | N/A |
| Speciality | Invesco V.I. S&P 500 Buffer Fund - <br> September - Class II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.04% | N/A | 12.63% | N/A | N/A |
| Small Cap <br> Blend<br>| Invesco V.I. Small Cap Equity – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.21% | N/A | 7.83% | 7.06% | 9.28% |
| Mid Cap Growth | Janus Henderson VIT Enterprise – Service <br> Class<br> *Adviser:* Janus Henderson Investors US <br> LLC<br>| 0.97% | N/A | 7.41% | 7.35% | 12.51% |
| Large Cap <br> Growth<br>| Janus Henderson VIT Forty – Service Class<br> *Adviser:* Janus Henderson Investors US <br> LLC<br>| 0.87% | N/A | 17.86% | 11.37% | 15.96% |
| Mid Cap Value | Janus Henderson VIT Mid Cap Value – <br> Service Class<br> *Adviser:* Janus Henderson Investors US <br> LLC<br>| 1.11% | N/A | 6.29% | 8.43% | 8.40% |
| International <br> Equity<br>| Janus Henderson VIT Overseas – Service <br> Class<br> *Adviser:* Janus Henderson Investors US <br> LLC<br>| 0.96% | N/A | 28.58% | 9.17% | 8.97% |
| Large Cap <br> Growth<br>| Janus Henderson VIT Research – Service <br> Class<br> *Adviser:* Janus Henderson Investors US <br> LLC<br>| 1.07% | N/A | 18.10% | 13.83% | 15.59% |
| Multi-Sector <br> Bond<br>| Lord Abbett Series Bond-Debenture VC – <br> Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 0.98% | N/A | 8.33% | 2.10% | 4.72% |
| Small Cap <br> Growth<br>| Lord Abbett Series Developing Growth VC – <br> Class VC<sup>2</sup> <br>*Adviser:* Lord, Abbett & Co. LLC<br>| 1.27% | N/A | 14.59% | -1.17% | 11.03% |
| Large Cap <br> Blend<br>| Lord Abbett Series Dividend Growth VC – <br> Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 1.00% | N/A | 15.98% | 12.34% | 13.06% |
| Large Cap <br> Blend<br>| Lord Abbett Series Fundamental Equity VC <br> – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 1.19% | N/A | 14.29% | 11.36% | 9.75% |
| Large Cap <br> Blend<br>| Lord Abbett Series Growth and Income VC <br> – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 0.93% | N/A | 17.29% | 13.34% | 11.12% |
| Mid Cap Growth | Lord Abbett Series Growth Opportunities <br> VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 1.15% | N/A | 12.94% | 3.23% | 10.41% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Mid Cap Value | Lord Abbett Series Mid Cap Stock VC – <br> Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 1.15% | N/A | 7.05% | 10.16% | 7.98% |
| Intermediate <br> Term Bond<br>| Lord Abbett Series Total Return VC – Class <br> VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 0.71% | N/A | 7.19% | 0.06% | 2.27% |
| Inflation-<br> Protected Bond<br>| LVIP American Century Inflation Protection <br> – Service Class<br> *Adviser:* Lincoln Financial Investments <br> Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 0.76% | N/A | 6.33% | 0.62% | 2.61% |
| International <br> Equity<br>| LVIP American Century International – <br> Service Class<br> *Adviser:* Lincoln Financial Investments <br> Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 1.20% | N/A | 15.81% | 1.71% | 6.27% |
| Mid Cap Value | LVIP American Century Mid Cap Value – <br> Service Class<br> *Adviser:* Lincoln Financial Investments <br> Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 1.03% | N/A | 8.83% | 8.72% | 8.96% |
| Large Cap <br> Value<br>| LVIP American Century Value – Service <br> Class<br> *Adviser:* Lincoln Financial Investments <br> Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 0.90% | N/A | 15.85% | 11.47% | 10.07% |
| Large Cap <br> Value<br>| LVIP Avantis Large Cap Value – Service <br> Class<br> *Adviser:* Lincoln Financial Investments <br> Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 0.99% | N/A | 14.56% | 8.51% | 10.12% |
| Intermediate <br> Core Bond<br>| LVIP JPMorgan Core Bond – Service Class<br> *Adviser:* Lincoln Financial Investments <br> Corporation<br> *Sub-Adviser:* J.P. Morgan Investment <br> Management, Inc.<br>| 0.99% | N/A | 7.15% | -0.29% | 1.85% |
| Small Cap <br> Blend<br>| LVIP JPMorgan Small Cap Core – Service <br> Class<br> *Adviser:* Lincoln Financial Investments <br> Corporation<br> *Sub-Adviser:* J.P. Morgan Investment <br> Management, Inc.<br>| 0.88% | N/A | 10.00% | 6.13% | 8.66% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Blend<br>| LVIP JPMorgan U.S. Equity – Service Class<br> *Adviser:* Lincoln Financial Investments <br> Corporation<br> *Sub-Adviser:* J.P. Morgan Investment <br> Management, Inc.<br>| 1.00% | N/A | 14.26% | 13.40% | 14.56% |
| Emerging <br> Markets<br>| MFS<sup>®</sup> VIT Emerging Markets Equity – <br> Service Class<br> *Adviser:* Massachusetts Financial Services <br> Company<br>| 2.14% | N/A | 33.35% | 4.11% | 7.65% |
| Global <br> Allocation<br>| MFS<sup>®</sup> VIT Global Tactical Allocation – <br> Service Class<br> *Adviser:* Massachusetts Financial Services <br> Company<br>| 1.13% | N/A | 15.21% | 4.60% | 5.40% |
| High Yield Bond | MFS<sup>®</sup> VIT High Yield – Service Class<br> *Adviser:* Massachusetts Financial Services <br> Company<br>| 1.06% | N/A | 8.47% | 3.63% | 5.30% |
| Large Cap <br> Growth<br>| MFS<sup>®</sup> VIT II MA Investors Growth Stock – <br> Service Class<br> *Adviser:* Massachusetts Financial Services <br> Company<br>| 1.04% | N/A | 9.61% | 9.74% | 13.98% |
| International <br> Equity<br>| MFS<sup>®</sup> VIT II Research International – <br> Service Class<br> *Adviser:* Massachusetts Financial Services <br> Company<br>| 1.22% | N/A | 21.75% | 5.25% | 7.27% |
| International <br> Equity<br>| MFS<sup>®</sup> VIT International Intrinsic Value – <br> Service Class<br> *Adviser:* Massachusetts Financial Services <br> Company<br>| 1.16% | N/A | 32.96% | 7.02% | 9.68% |
| Large Cap <br> Blend<br>| MFS<sup>®</sup> VIT Investors Trust – Service Class<br> *Adviser:* Massachusetts Financial Services <br> Company<br>| 1.07% | N/A | 13.32% | 11.06% | 12.21% |
| Small Cap <br> Growth<br>| MFS<sup>®</sup> VIT New Discovery – Service Class<br> *Adviser:* Massachusetts Financial Services <br> Company<br>| 1.20% | N/A | 12.56% | -0.54% | 10.46% |
| Large Cap <br> Blend<br>| MFS<sup>®</sup> VIT Research – Service Class<br> *Adviser:* Massachusetts Financial Services <br> Company<br>| 1.07% | N/A | 12.57% | 10.87% | 12.65% |
| Balanced/Asset <br> Allocation<br>| MFS<sup>®</sup> VIT Total Return – Service Class<br> *Adviser:* Massachusetts Financial Services <br> Company<br>| 0.96% | N/A | 10.91% | 6.16% | 7.36% |
| Intermediate <br> Term Bond<br>| MFS<sup>®</sup> VIT Total Return Bond – Service <br> Class<br> *Adviser:* Massachusetts Financial Services <br> Company<br>| 0.79% | N/A | 6.94% | -0.09% | 2.38% |
| Specialty-Sector | MFS<sup>®</sup> VIT Utilities – Service Class<br> *Adviser:* Massachusetts Financial Services <br> Company<br>| 1.04% | N/A | 14.76% | 7.38% | 9.22% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Emerging <br> Markets Bond<br>| Morgan Stanley VIF Emerging Markets <br> Debt – Class II<br> *Adviser:* Morgan Stanley Investment <br> Management, Inc.<br> *Sub-Adviser:* Morgan Stanley Investment <br> Management Limited<br>| 1.62% | N/A | 15.24% | 2.66% | 4.46% |
| Emerging <br> Markets<br>| Morgan Stanley VIF Emerging Markets <br> Equity – Class II<br> *Adviser:* Morgan Stanley Investment <br> Management, Inc.<br> *Sub-Adviser:* Morgan Stanley Investment <br> Management Company<br>| 1.53% | N/A | 32.90% | 4.32% | 7.21% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Aggressive Growth ETF Asset <br> Allocation Portfolio – Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment <br> Management LLC<br>| 0.85% | N/A | 20.00% | 10.55% | 10.36% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Balanced ETF Asset Allocation <br> Portfolio – Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment <br> Management LLC<br>| 0.84% | N/A | 14.82% | 6.61% | 7.25% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Conservative ETF Asset <br> Allocation Portfolio – Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment <br> Management LLC<br>| 0.93% | N/A | 8.82% | 2.19% | 3.50% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Growth ETF Asset Allocation <br> Portfolio – Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment <br> Management LLC<br>| 0.82% | N/A | 17.91% | 8.82% | 9.05% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Income and Growth ETF Asset <br> Allocation Portfolio – Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment <br> Management LLC<br>| 0.88% | N/A | 11.70% | 4.43% | 5.46% |
| Multi Cap Value | NAA All Cap Value Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.15% | N/A | 12.87% | 11.12% | 10.40% |
| Large Cap <br> Value<br>| NAA Large Cap Value Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.05% | N/A | 14.16% | 12.15% | 10.88% |
| Large Cap <br> Blend<br>| NAA Large Core Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.16% | N/A | 16.43% | 13.65% | 14.25% |
| Large Cap <br> Growth<br>| NAA Large Growth Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.17% | N/A | 17.02% | 13.89% | 17.04% |
| Mid Cap Growth | NAA Mid Growth Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.18% | N/A | 2.17% | 4.48% | 10.63% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Small Cap <br> Value<br>| NAA Small Cap Value Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.29% | N/A | 3.30% | 8.47% | 7.65% |
| Small Cap <br> Growth<br>| NAA Small Growth Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.42% | N/A | 6.58% | 2.59% | 8.89% |
| Mid Cap Value | NAA SMid-Cap Value Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.18% | N/A | 7.35% | 9.30% | 9.97% |
| Global Equity | NAA World Equity Income Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.18% | N/A | 22.75% | 11.42% | 9.99% |
| Specialty | Neuberger Berman Quality Equity Portfolio <br> – Class I<br> *Adviser:* Neuberger Berman Investment <br> Advisers LLC<br>| 0.87% | N/A | 13.74% | 12.83% | 12.94% |
| Global <br> Allocation<br>| Nomura VIP Asset Strategy - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.04% | N/A | 16.66% | 7.07% | 7.84% |
| Balanced/Asset <br> Allocation<br>| Nomura VIP Balanced - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.08% | N/A | 11.79% | 7.85% | 8.38% |
| Large Cap <br> Growth<br>| Nomura VIP Core Equity - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.00% | N/A | 15.30% | 13.79% | 13.78% |
| Specialty-Sector | Nomura VIP Energy - Service Class<br> *Adviser:* Delaware Management Company<br> *Sub-Adviser:* Van Eck Associates <br> Corporation<br>| 1.31% | N/A | 11.89% | 18.61% | 1.74% |
| Global Equity | Nomura VIP Global Growth - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.24% | N/A | 17.93% | 9.99% | 10.71% |
| Large Cap <br> Growth<br>| Nomura VIP Growth - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.01% | N/A | 8.41% | 11.89% | 15.40% |
| High Yield Bond | Nomura VIP High Income - Service Class<br> *Adviser:* Delaware Management Company<br> *Sub-Adviser:* Macquarie Investment <br> Management Austria Kapitalanlage AG; <br> Macquarie Investment Management Europe <br> Limited, Macquarie Investment <br> Management Global Limited<br>| 0.97% | N/A | 7.17% | 3.73% | 5.56% |
| International <br> Equity<br>| Nomura VIP International Core Equity - <br> Service Class<br> *Adviser:* Delaware Management Company<br>| 1.18% | N/A | 24.17% | 7.83% | 6.62% |
| Short Term <br> Bond<br>| Nomura VIP Limited-Term Bond - Service <br> Class<br> *Adviser:* Delaware Management Company<br> *Sub-Adviser:* Macquarie Investment <br> Management Austria Kapitalanlage AG; <br> Macquarie Investment Management Europe <br> Limited, Macquarie Investment <br> Management Global Limited<br>| 0.87% | N/A | 4.70% | 1.75% | 2.12% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Mid Cap Growth | Nomura VIP Mid Cap Growth - Service <br> Class<br> *Adviser:* Delaware Management Company<br>| 1.17% | N/A | 1.18% | -0.08% | 10.66% |
| Specialty-Sector | Nomura VIP Natural Resources - Service <br> Class<br> *Adviser:* Delaware Management Company<br> *Sub-Adviser:* Van Eck Associates <br> Corporation; Macquarie Investment <br> Management Global Limited<br>| 1.29% | N/A | 37.75% | 15.73% | 6.94% |
| Specialty-Sector | Nomura VIP Science and Technology - <br> Service Class<br> *Adviser:* Delaware Management Company<br>| 1.15% | N/A | 33.36% | 13.71% | 17.20% |
| Small Cap <br> Growth<br>| Nomura VIP Small Cap Growth - Service <br> Class<br> *Adviser:* Delaware Management Company<br>| 1.21% | N/A | 13.39% | 2.20% | 8.69% |
| Small Cap <br> Blend<br>| Nomura VIP Smid Cap Core - Service <br> Class<br> *Adviser:* Delaware Management Company<br>| 1.20% | N/A | 8.39% | 8.07% | 9.91% |
| Large Cap <br> Value<br>| Nomura VIP Value - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.04% | N/A | 9.41% | 9.49% | 8.92% |
| Specialty | PIMCO VIT All Asset – Advisor Class<br> *Adviser:* Pacific Investment Management <br> Company LLC<br> *Sub-Adviser:* Research Affiliates LLC<br>| 2.32% | N/A | 14.19% | 5.49% | 6.67% |
| Specialty-Sector | PIMCO VIT CommodityRealReturn Strategy <br> – Advisor Class<br> *Adviser:* Pacific Investment Management <br> Company LLC<br>| 3.48% | N/A | 18.85% | 10.47% | 6.43% |
| Emerging <br> Markets Bond<br>| PIMCO VIT Emerging Markets Bond – <br> Advisor Class<br> *Adviser:* Pacific Investment Management <br> Company LLC<br>| 1.27% | N/A | 14.86% | 2.34% | 4.96% |
| Global Bond | PIMCO VIT Global Bond Opportunities <br> Portfolio (Unhedged) – Advisor Class<br> *Adviser:* Pacific Investment Management <br> Company LLC<br>| 1.25% | N/A | 12.76% | 0.07% | 2.36% |
| Global <br> Allocation<br>| PIMCO VIT Global Managed Asset <br> Allocation – Advisor Class<br> *Adviser:* Pacific Investment Management <br> Company LLC<br>| 1.51% | N/A | 21.77% | 6.94% | 7.88% |
| High Yield Bond | PIMCO VIT High Yield – Advisor Class<br> *Adviser:* Pacific Investment Management <br> Company LLC<br>| 0.91% | N/A | 8.85% | 3.87% | 5.47% |
| International <br> Bond<br>| PIMCO VIT International Bond Portfolio <br> (Unhedged) – Advisor Class<br> *Adviser:* Pacific Investment Management <br> Company LLC<br>| 1.13% | N/A | 10.04% | -3.37% | 0.86% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Short Term <br> Bond<br>| PIMCO VIT Low Duration – Advisor Class<br> *Adviser:* Pacific Investment Management <br> Company LLC<br>| 0.76% | N/A | 5.42% | 1.47% | 1.69% |
| Inflation-<br> Protected Bond<br>| PIMCO VIT Real Return – Advisor Class<br> *Adviser:* Pacific Investment Management <br> Company LLC<br>| 1.49% | N/A | 7.74% | 1.11% | 3.11% |
| Short Term <br> Bond<br>| PIMCO VIT Short-Term – Advisor Class<br> *Adviser:* Pacific Investment Management <br> Company LLC<br>| 0.75% | N/A | 4.57% | 3.14% | 2.65% |
| Intermediate <br> Term Bond<br>| PIMCO VIT Total Return – Advisor Class<br> *Adviser:* Pacific Investment Management <br> Company LLC<br>| 0.83% | N/A | 8.78% | -0.08% | 2.26% |
| Multi Cap Blend | Putnam VT Core Equity – Class IB<br> *Adviser:* Putnam Investment Management, <br> LLC<br> *Sub-Adviser:* Franklin Advisers, Inc.; <br> Franklin Templeton Investment <br> Management Limited<br>| 0.92% | N/A | 16.81% | 15.96% | 15.20% |
| Multi-Sector <br> Bond<br>| Putnam VT Diversified Income – Class IB<br> *Adviser:* Franklin Advisers, Inc.<br> *Sub-Adviser:* Putnam Investment <br> Management, LLC; Franklin Templeton <br> Investment Management Limited<br>| 1.05% | N/A | 8.58% | 1.81% | 3.03% |
| Global <br> Allocation<br>| Putnam VT Global Asset Allocation – Class <br> IB<br> *Adviser:* Franklin Advisers, Inc.<br> *Sub-Adviser:* Putnam Investment <br> Management, LLC; Franklin Templeton <br> Investment Management Limited; The <br> Putnam Advisory Company, LLC<br>| 1.11% | N/A | 14.38% | 8.39% | 8.43% |
| High Yield Bond | Putnam VT High Yield – Class IB<br> *Adviser:* Franklin Advisers, Inc.<br> *Sub-Adviser:* Putnam Investment <br> Management, LLC; Franklin Templeton <br> Investment Management Limited<br>| 0.96% | N/A | 8.67% | 4.05% | 5.70% |
| Intermediate <br> Term Bond<br>| Putnam VT Income – Class IB<br> *Adviser:* Franklin Advisers, Inc.<br> *Sub-Adviser:* Putnam Investment <br> Management, LLC; Franklin Templeton <br> Investment Management Limited<br>| 0.82% | N/A | 7.25% | -1.13% | 1.89% |
| Large Cap <br> Growth<br>| Putnam VT Large Cap Growth – Class IB<br> *Adviser:* Putnam Investment Management, <br> LLC<br> *Sub-Adviser:* Franklin Advisers, Inc.; <br> Franklin Templeton Investment <br> Management Limited<br>| 0.87% | N/A | 14.34% | 13.44% | 17.66% |

---

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Value<br>| Putnam VT Large Cap Value – Class IB<br> *Adviser:* Putnam Investment Management, <br> LLC<br> *Sub-Adviser:* Franklin Advisers, Inc.; <br> Franklin Templeton Investment <br> Management Limited<br>| 0.79% | N/A | 20.35% | 15.38% | 13.30% |
| Small Cap <br> Growth<br>| Putnam VT Small Cap Growth – Class IB<br> *Adviser:* Putnam Investment Management, <br> LLC<br> *Sub-Adviser:* Franklin Advisers, Inc.; <br> Franklin Templeton Investment <br> Management Limited<br>| 1.17% | N/A | 8.80% | 6.18% | 11.45% |
| Specialty-Sector | Rydex VIF Banking<br> *Adviser:* Security Investors, LLC<br>| 1.83% | N/A | 23.74% | 11.69% | 8.98% |
| Specialty-Sector | Rydex VIF Basic Materials<br> *Adviser:* Security Investors, LLC<br>| 1.83% | N/A | 32.89% | 9.42% | 11.58% |
| Specialty-Sector | Rydex VIF Biotechnology<br> *Adviser:* Security Investors, LLC<br>| 1.84% | N/A | 30.12% | 3.55% | 5.42% |
| Specialty-Sector | Rydex VIF Commodities Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.96% | N/A | 4.89% | 12.80% | 4.76% |
| Specialty-Sector | Rydex VIF Consumer Products<br> *Adviser:* Security Investors, LLC<br>| 1.84% | N/A | -3.52% | 1.32% | 3.80% |
| Specialty | Rydex VIF Dow 2x Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 1.95% | N/A | 19.49% | 14.77% | 18.17% |
| Specialty-Sector | Rydex VIF Electronics<br> *Adviser:* Security Investors, LLC<br>| 1.83% | N/A | 41.49% | 18.80% | 23.66% |
| Specialty-Sector | Rydex VIF Energy<br> *Adviser:* Security Investors, LLC<br>| 1.84% | N/A | 7.51% | 19.52% | 4.64% |
| Specialty-Sector | Rydex VIF Energy Services<br> *Adviser:* Security Investors, LLC<br>| 1.84% | N/A | 1.74% | 10.39% | -5.65% |
| International <br> Equity<br>| Rydex VIF Europe 1.25x Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 1.97% | N/A | 36.46% | 10.40% | 7.59% |
| Specialty-Sector | Rydex VIF Financial Services<br> *Adviser:* Security Investors, LLC<br>| 1.88% | N/A | 10.76% | 11.31% | 9.88% |
| Government <br> Bond<br>| Rydex VIF Government Long Bond 1.2x <br> Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 1.51% | N/A | 1.67% | -13.64% | -3.35% |
| Specialty-Sector | Rydex VIF Health Care<br> *Adviser:* Security Investors, LLC<br>| 1.84% | N/A | 14.07% | 4.64% | 7.44% |
| High Yield Bond | Rydex VIF High Yield Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.80% | N/A | 9.87% | 3.52% | 4.77% |
| Specialty-Sector | Rydex VIF Internet<br> *Adviser:* Security Investors, LLC<br>| 1.84% | N/A | 18.50% | 2.54% | 11.93% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Specialty | Rydex VIF Inverse Dow 2x Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 1.94% | N/A | -20.69% | -18.02% | -25.05% |
| Specialty | Rydex VIF Inverse Government Long Bond <br> Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 5.82% | N/A | 1.85% | 12.87% | 1.41% |
| Specialty | Rydex VIF Inverse Mid-Cap Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 2.03% | N/A | -5.11% | -7.51% | -10.94% |
| Specialty | Rydex VIF Inverse NASDAQ-100<sup>®</sup> <br> Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 1.98% | N/A | -16.18% | -13.53% | -17.67% |
| Specialty | Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 1.98% | N/A | -9.58% | -6.24% | -11.19% |
| Specialty | Rydex VIF Inverse S&P 500 Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 1.94% | N/A | -11.76% | -10.49% | -12.91% |
| International <br> Equity<br>| Rydex VIF Japan 2x Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 1.73% | N/A | 51.54% | 0.16% | 9.51% |
| Specialty-Sector | Rydex VIF Leisure<br> *Adviser:* Security Investors, LLC<br>| 1.84% | N/A | 8.47% | 2.50% | 7.27% |
| Mid Cap Blend | Rydex VIF Mid-Cap 1.5x Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 1.92% | N/A | 5.04% | 8.37% | 11.16% |
| Large Cap <br> Growth<br>| Rydex VIF NASDAQ-100<sup>®</sup><br> *Adviser:* Security Investors, LLC<br>| 1.83% | N/A | 19.04% | 13.32% | 17.60% |
| Large Cap <br> Growth<br>| Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 2.00% | N/A | 29.24% | 18.83% | 29.69% |
| Large Cap <br> Blend<br>| Rydex VIF Nova<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 1.80% | N/A | 20.87% | 16.53% | 17.73% |
| Specialty-Sector | Rydex VIF Precious Metals<br> *Adviser:* Security Investors, LLC<br>| 1.73% | N/A | 147.37% | 17.52% | 21.08% |
| Specialty-Sector | Rydex VIF Real Estate<br> *Adviser:* Security Investors, LLC<br>| 1.83% | N/A | 2.88% | 3.02% | 4.00% |
| Specialty-Sector | Rydex VIF Retailing<br> *Adviser:* Security Investors, LLC<br>| 1.83% | N/A | 10.18% | 4.22% | 9.18% |
| Small Cap <br> Blend<br>| Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 1.99% | N/A | 12.47% | 3.43% | 9.25% |
| Small Cap <br> Blend<br>| Rydex VIF Russell 2000<sup>®</sup> 2x Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 1.98% | N/A | 12.07% | 1.43% | 9.07% |
| Large Cap <br> Blend<br>| Rydex VIF S&P 500 2x Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 2.00% | N/A | 25.28% | 19.77% | 21.33% |
| Large Cap <br> Growth<br>| Rydex VIF S&P 500 Pure Growth<br> *Adviser:* Security Investors, LLC<br>| 1.74% | N/A | 11.75% | 6.62% | 10.34% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Value<br>| Rydex VIF S&P 500 Pure Value<br> *Adviser:* Security Investors, LLC<br>| 1.74% | N/A | 16.02% | 12.00% | 8.64% |
| Mid Cap Growth | Rydex VIF S&P MidCap 400 Pure Growth<br> *Adviser:* Security Investors, LLC<br>| 1.74% | N/A | 7.18% | 4.39% | 6.85% |
| Mid Cap Value | Rydex VIF S&P MidCap 400 Pure Value<br> *Adviser:* Security Investors, LLC<br>| 1.74% | N/A | 6.12% | 12.00% | 10.60% |
| Small Cap <br> Growth<br>| Rydex VIF S&P SmallCap 600 Pure Growth<br> *Adviser:* Security Investors, LLC<br>| 1.74% | N/A | 8.59% | 2.89% | 6.53% |
| Small Cap <br> Value<br>| Rydex VIF S&P SmallCap 600 Pure Value<br> *Adviser:* Security Investors, LLC<br>| 1.74% | N/A | 6.77% | 12.03% | 7.65% |
| Specialty | Rydex VIF Strengthening Dollar 2x <br> Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 2.14% | N/A | -14.29% | 6.16% | 1.80% |
| Specialty-Sector | Rydex VIF Technology<br> *Adviser:* Security Investors, LLC<br>| 1.83% | N/A | 25.70% | 12.27% | 18.37% |
| Specialty-Sector | Rydex VIF Telecommunications<br> *Adviser:* Security Investors, LLC<br>| 1.83% | N/A | 31.13% | 5.45% | 6.64% |
| Specialty-Sector | Rydex VIF Transportation<br> *Adviser:* Security Investors, LLC<br>| 1.83% | N/A | 11.79% | 2.32% | 8.06% |
| Money Market | Rydex VIF U.S. Government Money Market<br> *Adviser:* Security Investors, LLC<br>| 1.49% | N/A | 2.84% | 2.22% | 1.26% |
| Specialty-Sector | Rydex VIF Utilities<br> *Adviser:* Security Investors, LLC<br>| 1.84% | N/A | 17.07% | 8.56% | 8.60% |
| Specialty | Rydex VIF Weakening Dollar 2x Strategy<sup>2</sup> <br>*Adviser:* Security Investors, LLC<br>| 2.14% | N/A | 18.97% | -5.72% | -2.86% |
| Large Cap <br> Growth<br>| T. Rowe Price Blue Chip Growth – Class II<br> *Adviser:* T. Rowe Price Associates, Inc.<br>| 1.00% | N/A | 18.43% | 11.41% | 15.25% |
| Large Cap <br> Value<br>| T. Rowe Price Equity Income – Class II<br> *Adviser:* T. Rowe Price Associates, Inc.<br>| 0.99% | N/A | 14.07% | 10.89% | 10.24% |
| Specialty-Sector | T. Rowe Price Health Sciences – Class II<br> *Adviser:* T. Rowe Price Associates, Inc.<br>| 1.11% | N/A | 17.80% | 3.86% | 8.70% |
| Short Term <br> Bond<br>| T. Rowe Price Limited-Term Bond – Class II<br> *Adviser:* T. Rowe Price Associates, Inc.<br>| 0.85% | N/A | 5.46% | 1.91% | 2.09% |
| Emerging <br> Markets<br>| Templeton Emerging Markets VIP Fund – <br> Class 2<br> *Adviser:* Templeton Asset Management Ltd<br> *Sub-Adviser:* Franklin Templeton Investment <br> Management Limited<br>| 1.37% | N/A | 46.27% | 5.46% | 10.40% |
| International <br> Equity<br>| Templeton Foreign VIP Fund – Class 2<br> *Adviser:* Templeton Investment Counsel, <br> LLC<br>| 1.09% | N/A | 29.19% | 8.25% | 5.75% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Global Bond | Templeton Global Bond VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.78% | N/A | 15.73% | -0.96% | -0.15% |
| Global Equity | Templeton Growth VIP Fund – Class 2<br> *Adviser:* Templeton Global Advisors Limited<br>| 1.19% | N/A | 23.83% | 7.95% | 7.04% |
| World Large <br> Stock<br>| Third Avenue Value<br> *Adviser:* Third Avenue Management LLC<br>| 1.38% | N/A | 34.85% | 17.68% | 9.66% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Aggressive ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk <br> Management LLC<br>| 0.79% | N/A | 18.53% | 9.15% | 9.99% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Balanced ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk <br> Management LLC<br>| 0.79% | N/A | 12.59% | 5.26% | 6.10% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Conservative ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk <br> Management LLC<br>| 0.81% | N/A | 9.76% | 4.09% | 4.77% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Managed Risk Balanced ETF – <br> Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk <br> Management LLC<br>| 1.01% | N/A | 7.85% | -1.85% | 1.85% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Managed Risk Moderate ETF – <br> Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk <br> Management LLC<br>| 1.00% | N/A | 10.50% | 3.15% | 4.73% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Managed Risk Moderately <br> Aggressive ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk <br> Management LLC<br>| 1.00% | N/A | 11.58% | 5.25% | 5.93% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Moderate ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk <br> Management LLC<br>| 0.78% | N/A | 14.87% | 6.66% | 7.63% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Moderately Aggressive ETF – <br> Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk <br> Management LLC<br>| 0.79% | N/A | 17.74% | 8.30% | 9.12% |
| Specialty-Sector | VanEck VIP Global Gold – Class S<br> *Adviser:* Van Eck Associates Corporation<br>| 1.47% | N/A | 164.43% | 20.00% | 20.89% |
| Specialty-Sector | VanEck VIP Global Resources – Class S<br> *Adviser:* Van Eck Associates Corporation<br>| 1.32% | N/A | 36.17% | 10.24% | 8.06% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Balanced/Asset <br> Allocation<br>| Vanguard<sup>®</sup> VIF Balanced<br> *Adviser:* Wellington Management Company <br> LLP<br>| 0.20% | 0.45% | 16.46% | 9.29% | 10.03% |
| Large Cap <br> Growth<br>| Vanguard<sup>®</sup> VIF Capital Growth<br> *Adviser:* PRIMECAP Management <br> Company<br>| 0.34% | 0.45% | 28.98% | 13.97% | 14.96% |
| Asset <br> Allocation/<br> Lifestyle<br>| Vanguard<sup>®</sup> VIF Conservative Allocation<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.12% | 0.45% | 12.73% | 4.22% | 6.14% |
| Large Cap <br> Value<br>| Vanguard<sup>®</sup> VIF Diversified Value<br> *Adviser:* Aristotle Capital Management, <br> LLC; Harris Associates L.P.; Hotchkis and <br> Wiley Capital Management, LLC<br>| 0.28% | 0.45% | 16.83% | 13.24% | 11.76% |
| Large Cap <br> Value<br>| Vanguard<sup>®</sup> VIF Equity Income<br> *Adviser:* Wellington Management Company <br> LLP; The Vanguard Group, Inc.<br>| 0.29% | 0.45% | 16.80% | 12.59% | 11.52% |
| Large Cap <br> Blend<br>| Vanguard<sup>®</sup> VIF Equity Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.14% | 0.45% | 17.70% | 14.27% | 14.66% |
| Global Bond | Vanguard<sup>®</sup> VIF Global Bond Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.13% | 0.45% | 5.69% | -0.41% | N/A |
| Large Cap <br> Growth<br>| Vanguard<sup>®</sup> VIF Growth<br> *Adviser:* Wellington Management Company <br> LLP<br>| 0.36% | 0.45% | 16.89% | 11.36% | 15.58% |
| High Yield Bond | Vanguard<sup>®</sup> VIF High Yield Bond<br> *Adviser:* Wellington Management Company <br> LLP; The Vanguard Group, Inc.<br>| 0.24% | 0.45% | 9.18% | 4.05% | 5.62% |
| International <br> Equity<br>| Vanguard<sup>®</sup> VIF International<br> *Adviser:* Baillie Gifford Overseas Ltd; <br> Schroder Investment Management North <br> America Inc.<br>| 0.32% | 0.45% | 19.97% | 0.62% | 10.48% |
| Mid Cap Blend | Vanguard<sup>®</sup> VIF Mid-Cap Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.17% | 0.45% | 11.54% | 8.46% | 10.77% |
| Asset <br> Allocation/<br> Lifestyle<br>| Vanguard<sup>®</sup> VIF Moderate Allocation<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.12% | 0.45% | 16.19% | 6.51% | 8.14% |
| Specialty-Sector | Vanguard<sup>®</sup> VIF Real Estate Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.26% | 0.45% | 3.11% | 4.51% | 5.08% |
| Short Term <br> Bond<br>| Vanguard<sup>®</sup> VIF Short Term Investment <br> Grade<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.14% | 0.45% | 6.85% | 2.23% | 2.81% |
| Small Cap <br> Growth<br>| Vanguard<sup>®</sup> VIF Small Company Growth<sup>2</sup> <br>*Adviser:* ArrowMark Colorado Holdings, <br> LLC; The Vanguard Group, Inc.<br>| 0.29% | 0.45% | 6.11% | 3.81% | 9.61% |
| Intermediate <br> Term Bond<br>| Vanguard<sup>®</sup> VIF Total Bond Market Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.14% | 0.45% | 6.94% | -0.51% | 1.90% |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| International <br> Equity<br>| Vanguard<sup>®</sup> VIF Total International Stock <br> Market Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.08% | 0.45% | 32.04% | 7.88% | N/A |
| Large Cap <br> Blend<br>| Vanguard<sup>®</sup> VIF Total Stock Market Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.13% | 0.45% | 16.93% | 12.98% | 14.10% |
| Intermediate <br> Term Bond<br>| Victory Pioneer Bond VCT – Class II<br> *Adviser:* Victory Capital Management Inc.<br>| 1.17% | N/A | 8.88% | 0.51% | 2.59% |
| Large Cap <br> Value<br>| Victory Pioneer Equity Income VCT - Class <br> II<br> *Adviser:* Victory Capital Management Inc.<br>| 1.05% | N/A | 11.14% | 8.81% | 9.11% |
| High Yield Bond | Victory Pioneer High Yield VCT - Class II<br> *Adviser:* Victory Capital Management Inc.<br>| 1.36% | N/A | 7.92% | 3.95% | 5.16% |
| Multi-Sector <br> Bond<br>| Victory Pioneer Strategic Income VCT - <br> Class II<br> *Adviser:* Victory Capital Management Inc.<br>| 1.96% | N/A | 10.85% | 1.99% | 3.64% |
| Specialty-Sector | Virtus Duff & Phelps Real Estate Securities <br> Series – Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Duff & Phelps Investment <br> Management Co.<br>| 1.19% | N/A | 0.72% | 6.06% | 5.95% |
| Small Cap <br> Growth<br>| Virtus KAR Small-Cap Growth Series – <br> Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Kayne Anderson Rudnick <br> Investment Management LLC<br>| 1.33% | N/A | -22.62% | -5.76% | 11.33% |
| Multi-Sector <br> Bond<br>| Virtus Newfleet Multi-Sector Intermediate <br> Bond Series – Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Newfleet Asset Management<br>| 0.98% | N/A | 7.58% | 2.52% | 4.23% |
| International <br> Equity<br>| Virtus SGA International Growth Series – <br> Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Sustainable Growth Advisers, <br> LP<br>| 1.21% | N/A | 9.26% | 1.42% | 4.10% |
| Balanced/Asset <br> Allocation<br>| Virtus Tactical Allocation Series – Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Kayne Anderson Rudnick <br> Investment Management, LLC<br>| 1.07% | N/A | 6.79% | 2.09% | 7.77% |
| Mid Cap Growth | Voya MidCap Opportunities Portfolio – <br> Class S2<br> *Adviser:* Voya Investments, LLC<br> *Sub-Adviser:* Voya Investment Management <br> Co. LLC<br>| 1.47% | N/A | 3.49% | 4.14% | 10.53% |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Platform** | **1 Year** | **5 Year** | **10 Year** |
| Specialty-Sector | VY<sup>®</sup> CBRE Global Real Estate Portfolio – <br> Class S2<br> *Adviser:* Voya Investments, LLC<br> *Sub-Adviser:* CBRE Investment <br> Management Listed Real Assets, LLC<br>| 1.52% | N/A | 6.35% | 3.60% | 3.57% |
| Specialty-Sector | VY<sup>®</sup> Columbia Real Estate Portfolio – Class <br> S2<br> *Adviser:* Voya Investments, LLC<br> *Sub-Adviser:* Columbia Management <br> Investment Advisers, LLC<br>| 1.40% | N/A | -0.10% | 5.51% | 4.64% |
| High Yield Bond | Western Asset Variable Global High Yield <br> Bond – Class II<br> *Adviser:* Franklin Templeton Fund Adviser, <br> LLC<br> *Sub-Adviser:* Western Asset Management <br> Company, LLC; Western Asset <br> Management Company Limited (London); <br> Western Asset Management Company Pte. <br> Ltd. (Singapore)<br>| 1.06% | N/A | 9.95% | 2.34% | 5.09% |
| 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements |
| 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. |

---

**Optional Rider Investment Restrictions**

------

The optional rider is not subject to investment restrictions.

------

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

This page left intentionally blank

------

The Statement of Additional Information (SAI) contains additional information about the Contract, us, and the Separate Account, including financial statements. The SAI is dated the same date as this Prospectus and the SAI is incorporated by reference into this Prospectus. You may request a free copy of the SAI or submit inquiries about the Contract by writing the Company at its Administrative Office, P.O. Box 750497, Topeka, KS 66675-0497, by calling 1-800-888-2461 or by visiting us online at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=336277116&template=fsblny.

You may also obtain reports and other information about the Separate Account on the SEC's website at www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

EDGAR Contract Identifier C000126287

------

![](g284486cover_ny.jpg)

**Prospectus**

May 1, 2026

ELITEDESIGNS<sup>®</sup> VARIABLE ANNUITY

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Important Privacy <br> Notice Included<br>

Variable annuity contracts issued by

First Security Benefit Life Insurance and Annuity Company of New York

and offered by Security Distributors, LLC

32-70131-00 2026/05/01

**V7013**

------

**ELITEDESIGNS**<sup>®</sup> **VARIABLE ANNUITY**

**(for Contracts issued before April 18, 2011)**

**Individual Flexible Purchase Payment Deferred Variable Annuity Contract**

**Variable Annuity Account A**

---

| | |
|:---|:---|
| **Issued By:** | **Mailing Address:** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **First Security Benefit Life Insurance** <br> **and Annuity Company of New York**<br> **121 State Street**<br> **Albany, New York 12207**<br> **1-800-355-4570**<br> **www.fsbl.com**<br>| **First Security Benefit Life Insurance** <br> **and Annuity Company of New York**<br> **P.O. Box 750497**<br> **Topeka, Kansas 66675-0497**<br>|

---

------

This Prospectus describes the EliteDesigns Variable Annuity—an Individual Flexible Purchase Payment Deferred Variable Annuity Contract (the "Contract") offered by First Security Benefit Life Insurance and Annuity Company of New York (the "Company"). The Contract is available for individuals as a non-tax qualified contract. The Contract is also available for individuals in connection with a retirement plan qualified under Section 403(b), 408, or 408A of the Internal Revenue Code. The Contract may be available through third-party financial intermediaries who charge an advisory fee for their services. This fee is in addition to Contract fees and expenses. If you elect to pay the advisory fee from your Contract Value, then this deduction will reduce death benefits and other guaranteed benefits, perhaps significantly, and may be subject to federal and state income taxes and a 10% federal penalty tax. The Contract is designed to give you flexibility in planning for retirement and other financial goals. This Prospectus is used with both prospective purchasers and current Owners.

The Contract is a complex investment and involves risks, including potential loss of principal. The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in surrender charges, taxes, and tax penalties.

You may allocate your Purchase Payments and Contract Value to one or more of the Subaccounts that comprise a separate account of the Company, called Variable Annuity Account A (the "Separate Account"). Each Subaccount invests in a corresponding mutual fund (each, an "Underlying Fund"). More information about the Underlying Funds currently available under the Contract is available in Appendix A to this Prospectus (entitled "Investment Options Available Under the Contract").

This Prospectus sets forth information about the Contract and the Separate Account that you should know before purchasing the Contract. Our obligations under the Contract are subject to our financial strength and claims-paying ability. This Prospectus should be kept for future reference. **Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.**

**If you are a new investor in the Contract, you may cancel your Contract within 10 days of receiving it without paying fees or penalties. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your total Contract Value. Neither the refund nor the Contract Value will include any Credit Enhancements, if applicable. You should review this Prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.**

---

| |
|:---|
| **The Securities and Exchange Commission ("SEC") has not approved or disapproved these securities or** <br> **determined if this Prospectus is truthful or complete. Any representation to the contrary is a criminal offense.**<br>|
| **Expenses for this Contract, if purchased with the Extra Credit Rider, may be higher than expenses for a** <br> **contract without the Extra Credit Rider. The amount of Credit Enhancement may be more than offset by** <br> **additional fees and charges. All or a portion of your Credit Enhancement may be recaptured upon** <br> **cancellation of your Contract under the free look provision, surrender, withdrawal, or death.**<br>|
| **The Contract is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance** <br> **Corporation or any other government agency. The value of your Contract can go up and down and you could** <br> **lose money.**<br>|
| **Date: May 1, 2026** |

---

V7013

Protected by U.S. Patent No. 7,251,623 B1.

32-70131-00 2026/05/01

------

**Table of Contents**

------

---

| | |
|:---|:---|
|  | Page |
| **Definitions** | **4**  |
| **[Overview of the Contract](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_2)** | **5**  |
| [Purpose of the Contract](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_2) | 5  |
| [Phases of the Contract](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_2) | 5  |
| [Contract Features](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_3) | 6  |
| [Additional Services](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_3) | 6  |
| **[Important Information You Should](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_3)**<br> **[Consider About the Contract](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_3)**<br>| **6**  |
| **[Fee Table](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_6)** | **9**  |
| [Transaction Expenses](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_6) | 9  |
| [Annual Contract Expenses](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_7) | 10  |
| [Annual Underlying Fund Expenses](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_7) | 10  |
| [Examples](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_7) | 10  |
| **[Principal Risks of Investing in the](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_8)**<br> **[Contract](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_8)**<br>| **11**  |
| [Risk of Investment Loss](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_8) | 11  |
| [Short-Term Investment Risk/Withdrawal Risk](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_8) | 11  |
| [Subaccount Risk](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_8) | 11  |
| [Managed Volatility Fund Risk](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_8) | 11  |
| [Purchase Payment Risk](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_9) | 12  |
| [Financial Strength and Claims-Paying Ability](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_9)<br> [Risk](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_9)<br>| 12  |
| [Business Disruption and Cybersecurity Risk](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_9) | 12  |
| [Credit Enhancement Risk](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_9) | 12  |
| [Tax Consequences Risk](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_9) | 12  |
| [Advisory Fee Deduction Risk](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_9) | 12  |
| [Contract Changes Risk](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_9) | 12  |
| **[Information About the Company, the](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_9)**<br> **[Separate Account, and the](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_9)**<br> **[Underlying Funds](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_9)**<br>| **12**  |
| [First Security Benefit Life Insurance and](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_9)<br> [Annuity Company of New York](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_9)<br>| 12  |
| [Published Ratings](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_10) | 13  |
| [Separate Account](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_10) | 13  |
| [Underlying Funds](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_10) | 13  |
| **[Charges and Deductions](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_12)** | **15**  |
| <u>[Transaction Expenses](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_12)</u> | 15  |
| [Contingent Deferred Sales Charge](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_12) | 15  |
| [Premium Tax Charge](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_14) | 17  |
| [Deduction of Advisory Fees](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_14) | 17  |
| <u>[Annual Contract Expenses](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_15)</u> | 18  |
| [Mortality and Expense Risk Charge](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_15) | 18  |
| [Administration Charge](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_15) | 18  |
| [Other Charges](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_16) | 19  |

---

---

| | |
|:---|:---|
|  | Page |
| [Variations in Charges](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_16) | 19  |
| [Optional Rider Charges](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_16) | 19  |
| [Underlying Fund Expenses](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_16) | 19  |
| [Payment of Compensation](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_16) | 19  |
| **[The Contract](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_16)** | **19**  |
| [General](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_16) | 19  |
| [Important Information About Your Benefits](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_17)<br> [Under the Contract](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_17)<br>| 20  |
| [Application for a Contract](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_17) | 20  |
| [Purchase Payments](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_17) | 20  |
| [Allocation of Purchase Payments](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_18) | 21  |
| [Dollar Cost Averaging Option](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_19) | 22  |
| [Asset Reallocation Option](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_20) | 23  |
| [Transfers of Contract Value](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_21) | 24  |
| [Contract Value](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_26) | 29  |
| [Determination of Contract Value](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_26) | 29  |
| [Cut-Off Times](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_27) | 30  |
| [Full and Partial Withdrawals](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_28) | 31  |
| [Withdrawals to Pay Advisory Fees](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_29) | 32  |
| [Systematic Withdrawals](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_29) | 32  |
| [Free-Look Right](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_30) | 33  |
| [Death Benefit](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_30) | 33  |
| [Distribution Requirements](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_31) | 34  |
| [Death of the Annuitant](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_32) | 35  |
| **[Benefits Under the Contract](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_32)** | **35**  |
| [Optional Riders](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_33) | 36  |
| [Return of Premium Death Benefit](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_34) | 37  |
| [Extra Credit](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_34) | 37  |
| **[Annuity Period](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_36)** | **39**  |
| [General](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_36) | 39  |
| [Annuity Options](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_37) | 40  |
| [Selection of an Option](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_39) | 42  |
| **[More About the Contract](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_39)** | **42**  |
| [Ownership](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_39) | 42  |
| [Designation and Change of Beneficiary](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_39) | 42  |
| [Dividends](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_40) | 43  |
| [Payments from the Separate Account](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_40) | 43  |
| [Proof of Age and Survival](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_40) | 43  |
| [Misstatements](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_40) | 43  |
| [Business Disruption and Cybersecurity Risks](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_40) | 43  |
| [Restrictions on Withdrawals from Qualified](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_41)<br> [Plans](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_41)<br>| 44  |
| **[Federal Tax Matters](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_42)** | **45**  |
| [Introduction](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_42) | 45  |

---

------

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| | |
|:---|:---|
|  | Page |
| [Tax Status of the Company and the Separate](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_42)<br> [Account](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_42)<br>| 45  |
| [Income Taxation of Annuities in](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_43)<br> [General](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_43)[—](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_43)[Non-Qualified Contracts](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_43)<br>| 46  |
| [Additional Considerations](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_44) | 47  |
| [Qualified Plans](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_45) | 48  |
| [Other Tax Considerations](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_48) | 51  |
| **[Other Information](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_49)** | **52**  |
| [Voting of Underlying Fund Shares](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_49) | 52  |
| [Changes to Investments](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_49) | 52  |
| [Changes to Comply with Law and](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_50)<br> [Amendments](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_50)<br>| 53  |
| [Reports to Owners](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_50) | 53  |

---

---

| | |
|:---|:---|
|  | Page |
| [Electronic Privileges](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_50) | 53  |
| [Legal Proceedings](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_50) | 53  |
| [Sale of the Contract](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_50) | 53  |
| **[Additional Information](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_52)** | **55**  |
| [Registration Statement](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_52) | 55  |
| [Financial Statements](#xx_d9911f41-9b5f-4eaa-9e27-ec049fe99a72_52) | 55  |
| **[Appendix A](#xx_d96a661d-c78a-4e87-a415-f2d57fb5308e_1)[–](#xx_d96a661d-c78a-4e87-a415-f2d57fb5308e_1)** [Investment Options Available](#xx_d96a661d-c78a-4e87-a415-f2d57fb5308e_1)<br> [Under the Contract and Optional Rider](#xx_d96a661d-c78a-4e87-a415-f2d57fb5308e_1)<br> [Investment Restrictions](#xx_d96a661d-c78a-4e87-a415-f2d57fb5308e_1)<br>| A-1  |
| [Underlying Funds](#xx_d96a661d-c78a-4e87-a415-f2d57fb5308e_1) | A-1 |

---

------

**Definitions**

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Various terms commonly used in this Prospectus are defined as follows:

**Accumulation Unit —** A unit of measure used to calculate Contract Value.

**Administrative Office —** First Security Benefit Life Insurance and Annuity Company of New York, P.O. Box 750497, Topeka, Kansas 66675-0497.

**Annuitant —** The person that you designate on whose life annuity payments may be determined. If you designate Joint Annuitants, "Annuitant" means both Annuitants unless otherwise stated.

**Annuity ("annuity") —** A series of periodic income payments made by the Company to an Annuitant, Joint Annuitant, or Designated Beneficiary during the period specified in the Annuity Options.

**Annuity Options —** Options under the Contract that prescribe the provisions under which a series of annuity payments are made.

**Annuity Period —** The period beginning on the Annuity Start Date during which annuity payments are made.

**Annuity Start Date —** The date when annuity payments begin.

**Annuity Unit —** A unit of measure used to calculate variable annuity payments under Annuity Options 1 through 6.

**Automatic Investment Program —** A program pursuant to which Purchase Payments are automatically paid from your bank account on a specified day of each month or a salary reduction agreement.

**Company —** First Security Benefit Life Insurance and Annuity Company of New York. The Company is also identified herein as "we," "our," or "us."

**Contract —** The flexible purchase payment deferred variable annuity contract described in this Prospectus.

**Contract Date —** The date the Contract begins as shown in your Contract. Contract anniversaries are measured from the Contract Date. The Contract Date is usually the date that the initial Purchase Payment is credited to the Contract.

**Contract Value —** The total value of your Contract as of any Valuation Date.

**Contract Year —** Each twelve-month period measured from the Contract Date.

**Credit Enhancement —** An amount added to Contract Value under the Extra Credit Rider.

**Designated Beneficiary —** The person having the right to the death benefit, if any, payable upon the death of the Owner or Joint Owner prior to the Annuity Start Date.

**General Account —** All assets of the Company other than those allocated to the Separate Account or to any other separate account of the Company.

**Internal Revenue Code or the Code —** The Internal Revenue Code of 1986, as amended.

**Investment Options —** The Subaccounts .

**Owner —** The person entitled to the ownership rights under the Contract and in whose name the Contract is issued.

**Participant —** A Participant under a Qualified Plan.

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**Purchase Payment —** An amount initially paid to the Company as consideration for the Contract and any subsequent amounts paid to the Company under the Contract.

**Separate Account —** Variable Annuity Account A, a separate account of the Company that consists of accounts, referred to as Subaccounts, each of which invests in a corresponding Underlying Fund.

**Subaccount —** A division of the Separate Account which invests in a corresponding Underlying Fund.

**Underlying Fund —** A mutual fund or series thereof that serves as an investment vehicle for its corresponding Subaccount.

**Valuation Date —** Each date on which the Separate Account is valued, which currently includes each day that the New York Stock Exchange is open for trading. Each Valuation Date closes at the end of regular trading on the New York Stock Exchange (normally, 3:00 p.m. Central time). The New York Stock Exchange is scheduled to be closed on weekends and on the following holidays: New Year's Day, Martin Luther King, Jr. Day, Washington's Birthday, Good Friday, Memorial Day, Juneteenth National Independence Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day.

**Valuation Period —** A period used in measuring the investment experience of each Subaccount of the Separate Account. The Valuation Period begins at the close of one Valuation Date and ends at the close of the next Valuation Date.

**Withdrawal Value —** The amount you will receive upon full withdrawal of the Contract. It is equal to Contract Value less any applicable withdrawal charges and any uncollected premium taxes. If the Extra Credit Rider is in effect, Contract Value will also be reduced by any Credit Enhancements that have not yet vested. The Withdrawal Value during the Annuity Period for variable annuity payments (or a combination of variable and fixed annuity payments) under Annuity Option 5 is the present value of future annuity payments commuted at the assumed interest rate, less any applicable withdrawal charges and any uncollected premium taxes.

**Overview of the Contract**

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**Purpose of the Contract —** The Contract is a variable annuity contract. It is designed for retirement planning purposes. You make investments in the Contract's investment options during the accumulation phase. The value of your investments is used to calculate your benefits under the Contract. At the end of the accumulation phase, we use that accumulated value to calculate the payments that we make during the annuity phase. These payments can provide or supplement your retirement income. Generally speaking, the longer your accumulation phase, the greater your accumulated value may be for setting your benefits and annuity payouts. The Contract also includes a death benefit to help financially protect your Designated Beneficiary.

This Contract may be appropriate for you if you have a long investment time horizon. If you select the 5-Year withdrawal charge schedule, each Purchase Payment is subject to a withdrawal charge for five years from the date of that Purchase Payment. This means that a Purchase Payment made in year six of the Contract will be subject to a withdrawal charge until year 11 of the Contract. This Contract is not intended for people who may need to make early or frequent withdrawals or who intend to engage in frequent trading in the Subaccounts that are available under the Contract. Because of the withdrawal charge (if the 5-Year withdrawal schedule is selected) and the possibility of income tax and tax penalties on early withdrawals, the Contract should not be viewed as an investment vehicle offering low cost liquidity. Your financial goal in acquiring the Contract should focus on a long-term insurance product, offering the prospect of investment growth.

**Phases of the Contract —** The contract has two phases: (1) an accumulation phase (for savings) and (2) an annuity (payout) phase (for income).

**Accumulation Phase.** During the accumulation phase, earnings accumulate on a tax-deferred basis and are taxed as income when you make a withdrawal. To accumulate value during the accumulation phase, you invest your Purchase Payments and earnings in the Subaccounts that are available under the Contract, which, in turn, invest in Underlying Funds with different investment strategies, objectives, and risk/reward profiles. You may allocate all or part of your Purchase Payments and Contract Value to the Subaccounts. Amounts that you allocate to a Subaccount will increase or decrease in dollar value depending in part on the investment performance of the Underlying Fund in which such Subaccount invests.

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**Additional information about the Underlying Funds available under the Contract is provided in Appendix A: Investment Options Available Under the Contract.**

**Annuity (Payout) Phase.** The Annuity phase occurs after the Annuity Start Date and is when you or a designated payee begin receiving regular Annuity payments from your Contract. The Contract provides several Annuity Options. You should carefully review the Annuity Options with your financial or tax adviser. We may make other Annuity Options available upon request. We may also discontinue the availability of one or more of these options at any time.

Please note that if you annuitize, your investments will be converted to income payments and you generally will no longer be able to withdraw money at will from your Contract. However, if the Owner has elected variable annuity payments under Annuity Option 5, withdrawals (other than systematic withdrawals or withdrawals to pay investment advisory fees) are permitted after the Annuity Start Date. Optional benefits (e.g., Return of Premium Death Benefit) terminate upon annuitization.

**Contract Features —** 

**Accessing Your Money.** Before your Contract is annuitized, you can withdraw money from your Contract at any time. If you take a withdrawal, you may have to pay income taxes, including a tax penalty, if you are younger than age 59½.

**Tax Treatment.** You can transfer money between investment options without tax implications, and earnings (if any) on your investments are generally tax-deferred. You are taxed only upon: (1) making a withdrawal; (2) surrender of the Contract; (3) receiving a payment from us; or (4) payment of a death benefit.

**Return of Premium Death Benefit.** For an additional cost, under this rider, we will pay an enhanced death benefit upon the death of the Owner or any Joint Owner prior to the Annuity Start Date.

**Extra Credit Rider.** For an additional cost during the first seven Contract Years, the Company adds to your Contract Value an amount known as a Credit Enhancement, which is based on 3% of any Purchase Payments you make during the first Contract Year.

**Advisory Fees.** Deductions from your Contract Value to pay third-party advisory fees are treated as withdrawals under the Contract, but no surrender charge (if applicable) is assessed on such withdrawals, and the deduction of advisory fees will not count toward the annual free withdrawal amount. If you elect to pay advisory fees from your Contract Value, then the deduction will reduce the death benefits and other guaranteed benefits, perhaps significantly, and may be subject to federal and state income taxes and a 10% federal penalty tax.

**Additional Services —** We offer several additional services:

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

**Dollar Cost Averaging.** You direct us to systematically transfer Contract Value among the Subaccounts on a monthly, quarterly, semiannual, or annual basis.

**Asset Reallocation Option.** You direct us to automatically reallocate your Contract Value to return to your original percentage investment allocations on a periodic basis.

**Automatic Investment Program.** Purchase Payments are automatically paid from your bank account on a specified day each month or pursuant to a salary reduction agreement.

**Systematic Withdrawals.** You receive regular automatic withdrawals from your Contract, on a monthly, quarterly, annual or semi-annual basis, provided that each payment must amount to at least $100 (unless we consent otherwise).

**Important Information You Should Consider About the Contract**

------

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| | | |
|:---|:---|:---|
|  | **FEES, EXPENSES AND ADJUSTMENTS** | **Location in Prospectus** |
| **Are There** <br> **Charges or** <br> **Adjustments for** <br> **Early** <br> **Withdrawals?**<br>| **Yes.** At the time of purchase of the Contract, you may select a 0-Year or <br> 5-Year withdrawal charge schedule. The Company may assess a withdrawal <br> charge on a full or partial withdrawal, including systematic withdrawals, <br> depending on the schedule that you select. If you select the 5-year schedule, <br> the withdrawal charge assessed could be up to 5% of the portion of any <br> withdrawal consisting of Purchase Payments, excluding any Credit <br> Enhancements.<br> For example, if you were to withdraw $100,000 during a surrender charge <br> period, you would be assessed a charge of up to $5,000. This loss will be <br> greater if there are taxes or tax penalties. | **Fee Table**<br> **Fee Table – Examples**<br> **Charges and Deductions** <br> **– Contingent Deferred** <br> **Sales Charge**<br>|

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**FEES, EXPENSES AND ADJUSTMENTS** **Location in Prospectus** 

**RISKS** **Location in Prospectus** 

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**RISKS** **Location in Prospectus** 

**RESTRICTIONS** **Location in Prospectus** 

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**TAXES** **Location in Prospectus** 

**CONFLICTS OF INTEREST** **Location in Prospectus** 

**Fee Table**

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**The following tables describe the fees and expenses that you will pay when buying, owning, surrendering, or making withdrawals from an Investment Option or from the Contract. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.**

**The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender or make withdrawals from an Investment Option or from the Contract, or transfer Contract Value between Investment Options. State premium taxes may also be deducted. The fees and expenses do not reflect any advisory fees paid to financial intermediaries from your Contract Value or other assets. If such charges were reflected, the fees and expenses would be higher.**

**Transaction Expenses**

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| | |
|:---|:---|
|  | **Charge** |
| Sales Load on Purchase Payments |  |
| Surrender Charge (as a percentage of amount withdrawn attributable to Purchase Payments)<sup>1</sup> <br>| 5% |
| Transfer Processing Fee (per transfer) |  |
| 1 We also refer to this charge as a contingent deferred sales charge, withdrawal charge, and sales charge. You must select a 0-year or 5-year <br> withdrawal charge schedule at the time you purchase the Contract. If you purchase the Contract with the 5-year schedule, the amount of the <br> charge is determined by reference to how long your Purchase Payments have been held under the Contract. Free withdrawals are available <br> equal to (1) 10% of Purchase Payments, excluding any Credit Enhancements, made in the first Contract Year, and (2) 10% of Contract Value <br> as of the first Valuation Date of the Contract Year in each subsequent Contract Year. If you select the 0-year schedule, the Company will not <br> assess a withdrawal charge. See "Full and Partial Withdrawals" and "Contingent Deferred Sales Charge" for more information. | 1 We also refer to this charge as a contingent deferred sales charge, withdrawal charge, and sales charge. You must select a 0-year or 5-year <br> withdrawal charge schedule at the time you purchase the Contract. If you purchase the Contract with the 5-year schedule, the amount of the <br> charge is determined by reference to how long your Purchase Payments have been held under the Contract. Free withdrawals are available <br> equal to (1) 10% of Purchase Payments, excluding any Credit Enhancements, made in the first Contract Year, and (2) 10% of Contract Value <br> as of the first Valuation Date of the Contract Year in each subsequent Contract Year. If you select the 0-year schedule, the Company will not <br> assess a withdrawal charge. See "Full and Partial Withdrawals" and "Contingent Deferred Sales Charge" for more information. |

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**The next table describes the fees and expenses that you will pay *each year* during the time that you own the Contract (not including Underlying Fund fees and expenses). If you choose to purchase an optional rider, you will pay additional charges, as shown below.**

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**Annual Contract Expenses**

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| | | |
|:---|:---|:---|
|  | **Annual Charge** | **Annual Charge** |
| Administrative Expenses |  |  |
| Base Contract Expenses<sup>1</sup> (as a percentage of average Contract Value) | **Maximum**<br> **(0-Year)**<br>| **Maximum**<br> **(5-Year)**<br>|
| Base Contract Expenses<sup>1</sup> (as a percentage of average Contract Value) | 0.45% | 0.25% |
| **Optional Rider Expenses (as a percentage of Contract Value)**<sup>2</sup> | **Optional Rider Expenses (as a percentage of Contract Value)**<sup>2</sup> | **Optional Rider Expenses (as a percentage of Contract Value)**<sup>2</sup> |
| Return of Premium Death Benefit | 0.10% | 0.10% |
| 3% Extra Credit Rider<sup>3</sup> <br>| 0.40% | 0.40% |
| 1<br> This charge is comprised of both an annual mortality and expense risk charge and an annual administration charge. The administration <br> charge is equal to an annual rate of 0.25% and is deducted daily. We reserve the right to apply a higher administration charge to <br> Subaccounts we add in the future. If you purchase the Contract with the 0-Year withdrawal charge schedule, the mortality and expense risk <br> charge is equal to an annual rate of 0.20% and is deducted daily. The mortality and expense risk charge is reduced to 0.00% for Contract <br> Values of $500,000 or more. The minimum mortality and expense risk charge is deducted daily. Any mortality and expense risk charge <br> above the minimum charge of 0.00% is deducted from your Contract Value on a monthly basis. If you purchase the Contract with the 5-Year <br> withdrawal charge schedule, there is no mortality and expense risk charge. During the Annuity Period, the mortality and expense risk charge <br> is 0.30%, regardless of the withdrawal charge schedule selected. Thus, during the Annuity Period the Base Contract Expenses are 0.55% in <br> lieu of the amounts described above. See the discussion under Base Contract Expenses – "Mortality and Expense Risk Charge" and Base <br> Contract Expenses – "Administration Charge" later in this Prospectus.<br>2<br> If you purchase any optional riders, the charge will be calculated as a percentage of Contract Value and deducted from your Contract Value.<br> 3<br> The Company will deduct the charge for this rider during the seven-year period beginning on the Contract Date. | 1<br> This charge is comprised of both an annual mortality and expense risk charge and an annual administration charge. The administration <br> charge is equal to an annual rate of 0.25% and is deducted daily. We reserve the right to apply a higher administration charge to <br> Subaccounts we add in the future. If you purchase the Contract with the 0-Year withdrawal charge schedule, the mortality and expense risk <br> charge is equal to an annual rate of 0.20% and is deducted daily. The mortality and expense risk charge is reduced to 0.00% for Contract <br> Values of $500,000 or more. The minimum mortality and expense risk charge is deducted daily. Any mortality and expense risk charge <br> above the minimum charge of 0.00% is deducted from your Contract Value on a monthly basis. If you purchase the Contract with the 5-Year <br> withdrawal charge schedule, there is no mortality and expense risk charge. During the Annuity Period, the mortality and expense risk charge <br> is 0.30%, regardless of the withdrawal charge schedule selected. Thus, during the Annuity Period the Base Contract Expenses are 0.55% in <br> lieu of the amounts described above. See the discussion under Base Contract Expenses – "Mortality and Expense Risk Charge" and Base <br> Contract Expenses – "Administration Charge" later in this Prospectus.<br>2<br> If you purchase any optional riders, the charge will be calculated as a percentage of Contract Value and deducted from your Contract Value.<br> 3<br> The Company will deduct the charge for this rider during the seven-year period beginning on the Contract Date. | 1<br> This charge is comprised of both an annual mortality and expense risk charge and an annual administration charge. The administration <br> charge is equal to an annual rate of 0.25% and is deducted daily. We reserve the right to apply a higher administration charge to <br> Subaccounts we add in the future. If you purchase the Contract with the 0-Year withdrawal charge schedule, the mortality and expense risk <br> charge is equal to an annual rate of 0.20% and is deducted daily. The mortality and expense risk charge is reduced to 0.00% for Contract <br> Values of $500,000 or more. The minimum mortality and expense risk charge is deducted daily. Any mortality and expense risk charge <br> above the minimum charge of 0.00% is deducted from your Contract Value on a monthly basis. If you purchase the Contract with the 5-Year <br> withdrawal charge schedule, there is no mortality and expense risk charge. During the Annuity Period, the mortality and expense risk charge <br> is 0.30%, regardless of the withdrawal charge schedule selected. Thus, during the Annuity Period the Base Contract Expenses are 0.55% in <br> lieu of the amounts described above. See the discussion under Base Contract Expenses – "Mortality and Expense Risk Charge" and Base <br> Contract Expenses – "Administration Charge" later in this Prospectus.<br>2<br> If you purchase any optional riders, the charge will be calculated as a percentage of Contract Value and deducted from your Contract Value.<br> 3<br> The Company will deduct the charge for this rider during the seven-year period beginning on the Contract Date. |

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**The next table below shows the minimum and maximum total operating expenses charged by the Underlying Funds that you may pay periodically during the time that you own the Contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of Underlying Funds available under the Contract, including their annual expenses, may be found in Appendix A to this Prospectus.**

**Annual Underlying Fund Expenses**

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| | | |
|:---|:---|:---|
|  | **Minimum** | **Maximum** |
| Annual Underlying Fund Expenses (expenses deducted from Underlying Fund assets include <br> management fees, distribution (12b-1) fees, service fees and other expenses)<br>| 0.09% | 5.82% |
| Net Annual Underlying Fund Expenses (after contractual waivers/reimbursements)<sup>1</sup> <br>| 0.09% | 5.67% |
| 1<br> Certain of the Underlying Funds have entered into contractual expense waiver or reimbursement arrangements that reduce fund expenses <br> during the period of the arrangement. These arrangements vary in length and are in place at least through April 30, 2027. | 1<br> Certain of the Underlying Funds have entered into contractual expense waiver or reimbursement arrangements that reduce fund expenses <br> during the period of the arrangement. These arrangements vary in length and are in place at least through April 30, 2027. | 1<br> Certain of the Underlying Funds have entered into contractual expense waiver or reimbursement arrangements that reduce fund expenses <br> during the period of the arrangement. These arrangements vary in length and are in place at least through April 30, 2027. |

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**Examples — These Examples are intended to help you compare the cost of investing in the Subaccounts with the cost of investing in other annuity contracts that offer Variable Options. These costs include transaction expenses, Annual Contract Expenses and annual Underlying Fund fees and expenses but do not include state premium taxes, which may be applicable to your Contract. The Examples do not reflect any advisory fees paid to financial intermediaries from your Contract Value or other assets. If such fees were reflected, the costs would be higher.**

**The Example assumes all Contract value is allocated to the Subaccounts. Your costs could differ from those shown below if you invest in the Fixed Account (if available).**

**These Examples assume that you invest $100,000 in the Subaccounts for the time periods indicated. The Examples also assume that your investment has a 5% return each year and you elect the most expensive combination of optional benefits available for an additional charge. The first Example assumes the most expensive Annual Underlying Fund Expenses. The second Example assumes the least expensive Annual Underlying Fund Expenses. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Based on the Most Expensive Annual Underlying Fund Expenses** | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| ***5-Year CDSC Schedule*** |  |  |  |  |
| If you surrender your Contract at the end of the applicable time period | &nbsp;&nbsp; $10979.18  | &nbsp;&nbsp; $21842.93  | &nbsp;&nbsp; $32422.10  | &nbsp;&nbsp; $60766.60  |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Based on the Most Expensive Annual Underlying Fund Expenses** | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| If you do not surrender; or if you annuitize your Contract at the end of the <br> applicable time period<br>| &nbsp;&nbsp; $6518.43  | &nbsp;&nbsp; $19249.87  | &nbsp;&nbsp; $31584.68  | &nbsp;&nbsp; $60766.60  |
| ***0-Year CDSC Schedule*** |  |  |  |  |
| Whether or not you surrender your Contract at the end of the applicable <br> time period<br>| &nbsp;&nbsp; $6710.09  | &nbsp;&nbsp; $19776.05  | &nbsp;&nbsp; $32383.58  | &nbsp;&nbsp; $62000.89 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Based on the Least Expensive Annual Underlying Fund Expenses** | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| ***5-Year CDSC Schedule*** |  |  |  |  |
| If you surrender your Contract at the end of the applicable time period | &nbsp;&nbsp; $5461.47  | &nbsp;&nbsp; $5677.92  | &nbsp;&nbsp; $5659.22  | &nbsp;&nbsp; $10371.61  |
| If you do not surrender; or if you annuitize your Contract at the end of the <br> applicable time period<br>| &nbsp;&nbsp; $857.47  | &nbsp;&nbsp; $2680.91  | &nbsp;&nbsp; $4659.22  | &nbsp;&nbsp; $10371.61  |
| ***0-Year CDSC Schedule*** |  |  |  |  |
| Whether or not you surrender your Contract at the end of the applicable time <br> period<br>| &nbsp;&nbsp; $1060.59  | &nbsp;&nbsp; $3309.44  | &nbsp;&nbsp; $5739.92  | &nbsp;&nbsp; $12709.99 |

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**Principal Risks of Investing in the Contract**

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**Risk of Investment Loss —** The Contract involves risks, including possible loss of principal. You bear the risk of any decline in the Contract Value resulting from the performance of the Subaccounts you have chosen. Your losses could be significant. This risk could have a significant negative impact on certain benefits and guarantees under the Contract.

This Contract is not a deposit or obligation of, or guaranteed or endorsed by, any bank. This Contract is not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency.

**Short-Term Investment Risk/Withdrawal Risk —** This Contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash. If you plan to withdraw money or surrender the Contract for short-term needs, it may not be the right contract for you. A withdrawal charge may be assessed on withdrawals and surrenders, and it could be substantial. If you select the 5-Year withdrawal charge schedule, each Purchase Payment is be subject to a withdrawal charge for five years from the date of that Purchase Payment. This means that a Purchase Payment made in year six of the Contract will be subject to a withdrawal charge until year 11 of the Contract. If you make a withdrawal prior to age 59½, there may be adverse tax consequences, including a 10% IRS penalty tax. A withdrawal could reduce the value of certain optional benefits by an amount greater than the amount withdrawn and could result in termination of the benefit. A total withdrawal (surrender) will result in the termination of your Contract and any benefits. The benefits of tax deferral, long-term income, and living benefit protections mean that this Contract is more beneficial to investors with a long time horizon.

**Subaccount Risk —** Amounts that you invest in the Subaccounts are subject to the risk of poor investment performance. You assume the investment risk. Generally, if the Subaccounts that you select make money, your Contract Value goes up, and if they lose money, your Contract Value goes down. Each Subaccount's performance depends on the performance of its Underlying Fund. Each Underlying Fund has its own investment risks, and you are exposed to the Underlying Fund's investment risks when you invest in a Subaccount. You are responsible for selecting Subaccounts that are appropriate for you based on your own individual circumstances, investment goals, financial situation, and risk tolerance. The investment risks are described in the prospectuses for the Underlying Funds.

**Managed Volatility Fund Risk —** Certain Underlying Funds utilize managed volatility strategies. These risk management techniques help us manage our financial risks associated with the Contract's guaranteed rider benefits, like living and death benefits, because they reduce the incidence of extreme outcomes, including the probability of large gains or losses. However, these strategies can also limit your participation in rising equity markets, which may limit the potential growth of your Contract Value and guaranteed rider benefits and may therefore conflict with your personal investment objectives. In addition, the cost of these hedging strategies may negatively impact performance.

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**Purchase Payment Risk —** Your ability to make subsequent Purchase Payments is subject to restrictions. We reserve the right to refuse any Purchase Payment, to further limit your ability to make subsequent Purchase Payments with advance notice, and to require our prior approval before accepting Purchase Payments. There is no guarantee that you will always be permitted to make Purchase Payments.

**Financial Strength and Claims-Paying Ability Risk —** All guarantees under the Contract that are paid from our General Account (including under any Fixed Account option) are subject to our financial strength and claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you.

**Business Disruption and Cybersecurity Risk —** Our business is highly dependent upon the effective operation of our computer systems and those of our business partners, so our business is vulnerable to systems failures and cyber-attacks. Systems failures and cyber-attacks may adversely affect us, your Contract, and your Contract Value. In addition to cybersecurity risks, we are exposed to the risk that natural and man-made disasters, pandemics (like COVID-19), catastrophes, geopolitical disputes and military actions may significantly disrupt our business operations and our ability to administer the Contract. There can be no assurance that we or our service providers will be able to successfully avoid negative impacts associated with systems failures, cyber-attacks, or natural and man-made disasters, pandemics and catastrophes. We note that there may be an increased risk of cyberattacks during periods of geopolitical or military conflicts. For more information about these risks, see "More About the Contract – Business Disruption and Cybersecurity Risks."

**Credit Enhancement Risk —** Expenses for a Contract with a Credit Enhancement may be higher than for a Contract without a Credit Enhancement. The amount of the Purchase Payment credit may be more than offset by the fees and charges associated with the credit. In addition, Credit Enhancements are excluded from the calculation of the optional living and death benefits. This means that, unlike Purchase Payments, Credit Enhancements do not increase the value of such benefits.

**Tax Consequences Risk —** Withdrawals are generally taxable (to the extent of any earnings on the Contract), and prior to age 59½ a tax penalty may apply. In addition, even if the Contract is held for years before any withdrawal is made, the withdrawals are taxable as ordinary income rather than capital gains.

**Advisory Fee Deduction Risk —** If you elect to pay third-party advisory fees from your Contract Value, then the deduction will reduce the death benefit and guaranteed rider benefits, perhaps significantly, and may be subject to federal and state income taxes and a 10% federal penalty tax.

**Contract Changes Risk —** From time to time, we make changes to the Contract. We may limit the number of transfers to 14 in a Contract Year. We may restrict your ability to make subsequent Purchase Payments. We may limit the number of loans you may have outstanding at any time. We reserve the right to add, remove or substitute the Underlying Funds available as investment options under the Contract in accordance with applicable law. We may change the investment restrictions under certain optional benefits, and we may stop offering for purchase any currently available optional benefit at any time.

**Information About the Company, the Separate Account, and the Underlying Funds**

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**First Security Benefit Life Insurance and Annuity Company of New York —** First Security Benefit Life Insurance and Annuity Company of New York is a stock life insurance company organized under the insurance laws of the State of New York on November 8, 1994. The Company offers fixed and variable annuity contracts in New York and is admitted to do business in that state. The Company's indirect parent, Eldridge Industries, LLC, owns, operates and invests in businesses across a wide range of sectors and is ultimately controlled by Todd L. Boehly.

The Principal Underwriter for the Contract is Security Distributors, LLC ("SDL"), One Security Benefit Place, Topeka, Kansas 66636-0001. SDL, an affiliate of the Company, is registered as a broker-dealer with the SEC and is a wholly-owned subsidiary of Security Benefit Life Insurance Company and is a member of the Financial Regulatory Authority ("FINRA").

We are obligated to pay all amounts promised to you under your Contract. All guarantees under the Contract are subject to our financial strength and claims-paying capabilities. We provide information about our financial strength in

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reports filed with state insurance departments. You may obtain information about us by contacting us using the information stated on the cover page of this prospectus, visiting our website at <u>www.fsbl.com</u> or visiting the SEC's website at <u>www.sec.gov</u>. You may also obtain reports and other financial information about us by contacting your state insurance department.

**Published Ratings —** The Company may from time to time publish in advertisements, sales literature and reports to Owners, the ratings and other information assigned to it by one or more independent rating organizations such as A.M. Best Company and Standard & Poor's. The purpose of the ratings is to reflect the financial strength and/or claims-paying ability of the Company and should not be considered as bearing on the investment performance of assets held in the Separate Account. Each year A.M. Best Company reviews the financial status of thousands of insurers, culminating in the assignment of Best's Ratings. These ratings reflect their current opinion of the relative financial strength and operating performance of an insurance company in comparison to the norms of the life/health insurance industry. In addition, the claims-paying ability of the Company as measured by Standard & Poor's Insurance Ratings Services may be referred to in advertisements or sales literature or in reports to Owners. These ratings, which are subject to change, are opinions as to an operating insurance company's financial capacity to meet the obligations of its insurance and annuity policies in accordance with their terms. Such ratings do not reflect the investment performance of the Separate Account or the degree of risk associated with an investment in the Separate Account.

**Separate Account —** The Company established the Separate Account under New York law on January 22, 1996. The Contract provides that the income, gains, or losses of the Separate Account, whether or not realized, are credited to or charged against the assets of the Separate Account without regard to other income, gains, or losses of the Company. The Contract contains a provision stating that assets held in the Separate Account may not be charged with liabilities arising from other business that the Company conducts. The Company owns the assets in the Separate Account and is required to maintain sufficient assets in the Separate Account to meet all Separate Account obligations under the Contract. Such Separate Account assets are not subject to claims of the Company's creditors.

The Separate Account consists of accounts referred to as Subaccounts. The Contract provides that the income, gains and losses, whether or not realized, are credited to, or charged against, the assets of each Subaccount without regard to the income, gains or losses in the other Subaccounts. Each Subaccount invests exclusively in shares of a corresponding Underlying Fund. Contract value allocated to a Subaccount will vary based on the investment experience of the corresponding Underlying Fund in which the Subaccount invests. There is a risk of loss of the entire amount invested.

The Company may in the future establish additional Subaccounts of the Separate Account, which may invest in other Underlying Funds or in other securities or investment vehicles. See "Changes to Investments."

The Separate Account is registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended (the "1940 Act"). Registration with the SEC does not involve supervision by the SEC of the administration or investment practices of the Separate Account or of the Company.

We do not guarantee the investment results of the Separate Account. Accumulated Value allocated to a Subaccount will vary based on the investment experience of the corresponding Investment Option in which the Subaccount invests. You bear the risk of any decline in the Accumulated Value of your Contract resulting from the performance of the Investment Option you have chosen. There is a risk of loss of the entire amount invested.

**Underlying Funds —** Each Underlying Fund is an open-end management investment company or a series thereof and is registered with the SEC under the 1940 Act. Such registration does not involve supervision by the SEC of the investments or investment policies of the Underlying Fund. Each Underlying Fund has its own investment objectives and policies.

As described in more detail in the Underlying Fund prospectuses, certain Underlying Funds employ managed volatility strategies that are intended to reduce the Underlying Fund's overall volatility and downside risk, and those Underlying Funds may help us manage the risks associated with providing certain guaranteed rider benefits under the Contract. During rising markets, the hedging strategies employed to manage volatility could result in your Contract Value rising less than would have been the case if you had been invested in an Underlying Fund without a managed volatility strategy. In addition, the cost of these hedging strategies may negatively impact performance. On the other hand, investing in an Underlying Fund with a managed volatility strategy may be helpful in a declining market with higher market volatility because the strategy will often reduce your equity exposure in such circumstances. In such cases, your Contract Value may decline less than would have been the case if you had not invested in an Underlying Fund with a managed volatility strategy.

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Certain Underlying Funds invest substantially all of their assets in other funds ("funds of funds"). If you allocate Contract Value to a Subaccount that invests in a fund of funds, you will indirectly bear the fees and expenses of both the top-tier and bottom-tier funds, which will reduce your investment return. In addition, funds of funds may have higher expenses than funds that invest directly in debt or equity securities or other assets.

One of the Underlying Funds is a money market fund. There is no assurance that this Underlying Fund will be able to maintain a stable net asset value per share. In addition, during extended periods of low interest rates, and partly as a result of asset-based separate account charges, the yield on the corresponding Subaccount may become low and possibly negative.

Shares of the Underlying Funds currently are not publicly traded. They are available only as investment options in variable annuity or variable life insurance policies issued by life insurance companies or in some cases, through participation in certain qualified pension or retirement plans. Certain Underlying Funds have similar investment objectives and policies as other mutual funds managed by the same adviser. The investment results of the Underlying Funds, however, may be higher or lower than the results of such other funds. There can be no assurance, and no representation is made, that the investment results of any of the Underlying Funds will be comparable to the investment results of any other fund, even if both the Underlying Fund and the other fund are managed by the same adviser.

Due to the number of the Contract's Underlying Funds, the number of charge-free transfer opportunities between and among the Underlying Funds, and the fact that some Underlying Funds may have essentially the same investment strategy, it cannot be ruled out that the Owner of a Contract might be treated as the owner of a pro rata share of the Underlying Fund to which the Contract Value is allocated and taxed currently on income and gains attributable to the Underlying Funds.

Information regarding each Underlying Fund, including its (i) name, (ii) type or investment objective, (iii) investment adviser and any sub-investment adviser, (iv) current expenses, and (v) performance, is available in an appendix to this Prospectus. See **Appendix A: Underlying Funds Available Under the Contract**. We cannot assure that any Underlying Fund will achieve its objective. Each Underlying Fund has issued a prospectus that contains more detailed information about the Underlying Fund. Read these prospectuses carefully before investing. Paper or electronic copies of the Underlying Fund prospectuses may be obtained by calling us at 1-800-888-2461, e-mailing us at FSBLProspectusRequests@securitybenefit.com or visiting <u>https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=336277504&template=fsblny</u>.

**Certain Payments the Company and its Affiliates Receive with Regard to the Underlying Funds.** The Company (and its affiliates) receives payments from some of the Underlying Funds, their advisers, sub-advisers, and distributors, or affiliates thereof. The Company negotiates these payments and thus they differ by Underlying Fund (sometimes substantially), and the amounts the Company (or its affiliates) receives can be significant. Where these payments are made, the advisers, sub-advisers, or distributors (or affiliate thereof) of those Underlying Funds have increased access to the Company and its affiliates involved in the distribution of the Contract. Proceeds from these payments can be used by the Company for any corporate purpose, including payment of expenses that the Company and its affiliates incur in promoting, marketing, and administering the Contract and in the Company's role as an intermediary for the Underlying Funds. The Company and its affiliates may profit from these payments.

**<u>12b-1 Fees.</u>** The Company and/or its affiliate, SDL, the principal underwriter for the Contract, receive 12b-1 fees from certain of the Underlying Funds that are based on a percentage of the average daily net assets of the particular Underlying Fund attributable to the Contract and certain other variable insurance contracts issued or administered by the Company (or its affiliates). 12b-1 fees are paid out of Underlying Fund assets as part of the Underlying Fund's total annual operating expenses. Payments made out of Underlying Fund assets will reduce the amount of assets that would otherwise be available for investment, and will reduce the Underlying Fund's investment returns. Currently, the Company and SDL receive 12b-1 fees ranging from 0.05% to 0.50% of the average net assets of the Contract (and certain other variable insurance contracts issued or administered by the Company (or its affiliates)) invested in Underlying Funds that pay 12b-1 fees.

**<u>Payments from Underlying Fund Service Providers.</u>** The Company (or its affiliates) also receives payments from the investment advisers, sub-advisers, or distributors (or affiliates thereof) of certain of the Underlying Funds. These payments may be derived, in whole or in part, from the investment advisory fee deducted from Underlying Fund assets. Owners, through their indirect investment in the Underlying Funds, bear the costs of these investment advisory fees (see the Underlying Funds' prospectuses for more information). These payments usually are based on a percentage of the average daily net assets of the particular Underlying Fund attributable to the Contract and to certain other variable insurance contracts issued or administered by the Company (or its affiliates). Currently, the Company and its affiliates receive payments that range from 0.05% to 0.50% of the average net assets of the Contract (and certain other variable insurance contracts issued or administered by the Company (or its affiliates)) invested in an Underlying Fund. The Company may also receive payments from certain of the investment advisers,

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sub-advisers, or distributors (or affiliates thereof) of certain of the Underlying Funds that is based on a pre-determined fee and not based on the average net assets of the Contract (or other variable insurance contracts issued or administered by the Company or its affiliates) invested in the Underlying Fund. None of these payments are paid from Underlying Fund assets.

**<u>Other Payments.</u>** In the case of certain of the Underlying Funds, the Underlying Fund's adviser, sub-adviser, distributor, or affiliates provide the Company (or its affiliates) and/or broker-dealers that sell the Contract ("selling firms") with wholesaling services to assist the Company in the distribution of the Contract, pay the Company (or its affiliates) and/or selling firms amounts to participate in their national and regional sales conferences and meetings with their sales desks, and/or provide the Company (or its affiliates) and/or selling firms with occasional gifts, meals, tickets, or other compensation as an incentive for them to market the Underlying Funds when offering or distribution the Contract and to cooperate with their promotional efforts for the Underlying Funds.

For details about the compensation payments the Company makes in connection with the sale of the Contract, see "Sale of the Contract."

**Total Payments.** Currently, the Company and its affiliates, including SDL, receive payments from the Underlying Funds, their advisers, sub-advisers, and distributors, or affiliates thereof in the form of 12b-1 fees and/or other payments described above that range in total from a minimum of 0.25% to a maximum of 0.60% of the average net assets of the Contract (and certain other variable insurance contracts issued or administered by the Company (or its affiliates)) invested in the Underlying Funds. This does not include the arrangements with certain of the investment advisers, sub-advisers, or distributors (or affiliates thereof) of certain of the Underlying Funds in which the payment is not based on the average net assets of the Contract invested in an Underlying Fund.

**Administration Charge.** The Company may charge a higher administration charge for certain Subaccounts that invest in Underlying Funds that do not provide the Company or its affiliates with the amount of revenue it requires in order for the Company to meet its revenue targets. See "Administration Charge."

**Selection of Underlying Funds.** The Company selects the Underlying Funds offered through the Contract based on several criteria, including asset class coverage, the strength of the investment adviser's (or sub-adviser's) reputation and tenure, brand recognition, performance, and the capability and qualification of each investment firm. Another factor the Company considers during the selection process is whether the Underlying Fund, its adviser, its sub-adviser, or an affiliate will make payments to the Company or its affiliates, as described above. These payment arrangements may create an incentive for us to select funds that pay us higher amounts. The Company also considers whether the Underlying Fund's adviser is one of its affiliates, and whether the Underlying Fund, its adviser, sub-adviser, or distributor (or an affiliate) can provide marketing and distribution support for sale of the Contract. The Company reviews each Underlying Fund periodically after it is selected. Upon review, the Company may remove an Underlying Fund or restrict allocation of additional Purchase Payments and/or transfers of Contract Value to an Underlying Fund if it determines the Underlying Fund no longer meets one or more of the criteria and/or if the Underlying Fund has not attracted significant assets. The Company does not recommend or endorse any particular Underlying Fund and does not provide investment advice.

**Charges and Deductions**

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Certain charges will be deducted in connection with the Contract, as described below.

**<u>Transaction Expenses</u>**

**Contingent Deferred Sales Charge —** We also refer to this charge as the surrender charge, sales charge, or withdrawal charge in this Prospectus. The Company does not deduct a sales load from Purchase Payments before crediting them to your Contract Value. However, the Company may assess a contingent deferred sales charge on a full or partial withdrawal, including systematic withdrawals, as described below.

You may select a 0-Year or 5-Year withdrawal charge schedule at the time of purchase of the Contract. Whether we assess a withdrawal charge and a mortality and expense risk charge will depend on the schedule that you select. You may not change the withdrawal charge schedule after the Contract has been issued. Please see the discussion under "Mortality and Expense Risk Charge" below.

The Company will waive the withdrawal charge on withdrawals to the extent that total withdrawals in a Contract Year, including systematic withdrawals, do not exceed the free withdrawal amount. The free withdrawal amount is equal in the first Contract Year to 10% of Purchase Payments, excluding any Credit Enhancements made during the year and for any subsequent Contract Year, to 10% of Contract Value as of the first Valuation Date of that Contract Year.

If you select the 5-year schedule, the withdrawal charge applies to the portion of any withdrawal consisting of Purchase Payments that exceeds the free withdrawal amount. The withdrawal charge does not apply to withdrawals

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of earnings. Purchase Payments do not include Credit Enhancements for the purpose of calculating the withdrawal charge. Withdrawals are considered to come first from Purchase Payments and then from earnings. Free withdrawal amounts and free advisory fee withdrawals do not reduce Purchase Payments for the purpose of determining future withdrawal charges.

The amount of the charge will depend on how long your Purchase Payments have been held under the Contract. Each Purchase Payment is considered to have a certain "age," depending on the length of time since the Purchase Payment was effective. A Purchase Payment is "age one" in the year beginning on the date the Purchase Payment is applied by the Company and increases in age each year thereafter. The withdrawal charge is calculated according to the following schedule:

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| | | | |
|:---|:---|:---|:---|
| **0-Year Schedule** | **0-Year Schedule** | **5-Year Schedule** | **5-Year Schedule** |
| **Purchase Payment Age (in years)** | **Withdrawal Charge** | **Purchase Payment Age (in years)** | **Withdrawal Charge** |
| 0 and over | 0% | 1 | 5% |
|  |  | 2 | 4% |
|  |  | 3 | 3% |
|  |  | 4 | 2% |
|  |  | 5 | 1% |
|  |  | 6 and over | 0% |

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The Company will deduct any withdrawal charge from the withdrawal payment, unless you request that the charge be deducted from your remaining Contract Value, provided there is sufficient Contract Value available. If the Company deducts the withdrawal charge from your remaining Contract Value, the withdrawal charge is also subject to a withdrawal charge. If the Company deducts the withdrawal charge from your remaining Contract Value, the amount of the withdrawal will be increased by an amount sufficient to pay any withdrawal charges associated with the withdrawal request, plus withdrawal charges associated with the additional amount withdrawn to cover such charges. In no event will the amount of any withdrawal charge, when added to such charge previously assessed against any amount withdrawn from the Contract, exceed 5% of Purchase Payments paid under the Contract if you select the 5-year schedule. If you select the 0-year schedule, the Company will not assess a withdrawal charge. In addition, no withdrawal charge will be imposed upon: (1) payment of death benefit proceeds; (2) annuity payments under options that provide for payments for life, or a period of at least seven years; or (3) withdrawals made to pay the fees of your registered investment adviser. The Company will assess any withdrawal charge against the Subaccounts in the same proportion as the withdrawal proceeds are allocated.

**<u>Example of Withdrawal Charge Deducted from Withdrawal Payment and Deducted from Remaining</u> <u>Contract Value.</u>** Assume:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Owner purchases the Contract with the 5-Year withdrawal charge schedule

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) A withdrawal of $20,000 is requested in Contract Year 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The remaining free withdrawal amount in Contract Year 2 is $10,000

If the Owner requests that the withdrawal charge be deducted from the withdrawal payment, the withdrawal charge would be $400, calculated as follows:

(Withdrawal Amount – Remaining Free Withdrawal Amount) x Withdrawal Charge %

($20,000 - $10,000) x 4% = $400

The $400 withdrawal charge is deducted from the withdrawal payment before the Company sends it to the Owner. The Contract Value decreases by $20,000 and the Owner receives a total payment of $19,600 ($20,000 - $400).

If the Owner requests that the withdrawal charge be deducted from the remaining Contract Value, the withdrawal charge would be $416.67, calculated as follows:

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| | | |
|:---|:---|:---|
| (Withdrawal Amount - Remaining Free Withdrawal Amount) | x | Withdrawal Charge % |
| (Withdrawal Amount - Remaining Free Withdrawal Amount) | x | 1– Withdrawal Charge % |

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($20,000 - $10,000) x (4% / (1 - 4%))

$10,000 x (4% / 96%)

$10,000 x 4.17% = $416.67

The $416.67 withdrawal charge is deducted from the Contract Value. The Contract Value decreases by $20,416.67 ($20,000 + $416.67) and the Owner receives a total payment of $20,000.

The withdrawal charge is designed to reimburse the Company for costs and other expenses associated with the promotion and sale of the Contract. It is expected that actual expenses will be greater than the amount of the withdrawal charge. To the extent that all sales expenses are not recovered from the charge, such expenses may be recovered from other charges, including amounts derived indirectly from the mortality and expense risk charge.

**Premium Tax Charge —** Various states and municipalities impose a tax on premiums on annuity contracts received by insurance companies. Whether or not a premium tax is imposed will depend upon, among other things, the Owner's state of residence, the Annuitant's state of residence, and the insurance tax laws and the Company's status in a particular state. The Company may assess a premium tax charge to reimburse itself for premium taxes that it incurs in connection with a Contract. If assessed, the Company will deduct this charge upon the Annuity Start Date. The Company may deduct premium tax upon a full or partial withdrawal (including a systematic withdrawal or a withdrawal made to pay the fees of your investment adviser) if a premium tax has been incurred and is not refundable. No premium tax is currently imposed in the State of New York. The Company reserves the right to deduct premium taxes when due or any time thereafter.

**Deduction of Advisory Fees —** You may enter into a separate investment advisory agreement with an investment adviser that provides asset allocation services in connection with your Contract. We are not affiliated with those investment advisers, and we do not supervise or perform due diligence on investment advisers who may provide such asset allocation services. By entering into an agreement with the investment adviser for asset allocation services and executing the Company's investment adviser authorization form, you authorize the investment adviser to allocate your Contract Value among certain Subaccounts and make changes in your allocations from time to time, and you may authorize us to deduct amounts from your Contract Value to pay the investment adviser's fee in the amounts and at the times directed by the investment adviser in writing. You may terminate your investment adviser authorization at any time by sending written and signed notice of termination to our Administrative Office or submitting an electronic notice of termination to <u>AAWF-NF@securitybenefit.com</u>.

We will treat each deduction as a partial withdrawal from your Contract. However, no surrender charges will apply to such deductions, and the deductions will not count toward the annual free withdrawal amount. The Company will deduct the amount of the withdrawal from the Contract Value in the Subaccounts, according to the Owner's or authorized investment adviser's instructions to the Company. If you do not specify the allocation, the Company will deduct the withdrawal in the same proportion that Contract Value is allocated among the Subaccounts. The investment advisory fee is paid to the investment adviser and is not a Contract charge retained by us. For Non-Qualified Contracts, all or a portion of the charges deducted from your Contract Value to pay the investment adviser's fees may be subject to federal and state income tax and a 10% federal penalty tax.

In a series of recent private letter rulings, the IRS has recognized that investment adviser fees may, in certain circumstances and subject to certain conditions, be deemed a part of a Non-Qualified Contract rather than a taxable distribution. We have received such a private letter ruling from the IRS and intend to tax report in accordance with that ruling.

The investment advisory fee is described more fully in the disclosure statement provided by the investment adviser. You should consult with your representative for details regarding the investment advisory services, including fees and expenses. A tax-free partial exchange may become taxable if an advisory fee is paid from your Contract Value within 180 days of the partial exchange. Consult your tax adviser for advice concerning tax-free partial exchanges.

In addition, any withdrawal to pay investment advisory fees will reduce your Contract Value. If you elect the Return of Premium Death Benefit Rider, any withdrawal to pay your investment advisory fees will reduce your potential death benefit, perhaps significantly. See "Benefits Under the Contract—Return of Premium Death Benefit" and "The Contract —Full and Partial Withdrawals." If you elect the 3% Extra Credit Rider, we may recapture all or part of any Credit Enhancement that has not yet vested if you make a withdrawal to pay investment advisory fees (unless your adviser has entered into a variable annuity adviser agreement with us).

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Withdrawals from your Contract Value to pay advisory fees will reduce the death benefits and other guaranteed benefits under the Contract, perhaps significantly. See "Death Benefit" for an example of how withdrawals to pay advisory fees impact the Contract Value and standard death benefit.

**<u>Annual Contract Expenses</u>**

**Administrative Expenses**

The Company does not deduct Administrative Expenses from your Contract.

**Base Contract Expenses**

**Mortality and Expense Risk Charge —** The Company deducts a charge for mortality and expense risks assumed by the Company under the Contract. The Company deducts a daily minimum charge equal to 0%, on an annual basis, of each Subaccount's average daily net assets. If you are subject to a mortality and expense risk charge above the minimum charge, the Company deducts the excess amount from your Contract Value on a monthly basis. The mortality and expense risk charge amount is determined each month by reference to the amount of your Contract Value at the time the charge is deducted, as set forth in the table below.

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| | |
|:---|:---|
| **Withdrawal Charge Schedule** | **Annual Mortality and Expense Risk Charge** |
| Less than $500,000 | 0.20% |
| $500,000 or more | 0.00% |

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We also deduct a mortality and expense risk charge during the Annuity Period in the amount of 0.30%, on an annual basis, of each Subaccount's average daily net assets, in lieu of the amounts above and regardless of the withdrawal charge schedule selected. The Company guarantees that the charge for mortality and expense risks will not exceed an annual rate of 0.20% for the 0-Year withdrawal charge schedule or 0.00% for the 5-Year withdrawal charge schedule (0.30% during the Annuity Period) of each Subaccount's average daily net assets.

The mortality and expense risk charge is intended to compensate the Company for certain mortality and expense risks the Company assumes in offering and administering the Contract and in operating the Subaccounts.

The expense risk is the risk that the Company's actual expenses in issuing and administering the Contract and operating the Subaccounts will be more than the charges assessed for such expenses. The mortality risk borne by the Company is the risk that Annuitants, as a group, will live longer than the Company's actuarial tables predict. In this event, the Company guarantees that annuity payments will not be affected by a change in mortality experience that results in the payment of greater annuity income than assumed under the Annuity Options in the Contract. The Company also assumes a mortality risk in connection with the death benefit under the Contract (i.e., for deaths occurring sooner than the Company's actuarial tables predict).

The Company may ultimately realize a profit from this charge to the extent it is not needed to cover mortality and administrative expenses, but the Company may realize a loss to the extent the charge is not sufficient. The Company may use any profit derived from this charge for any lawful purpose, including distribution expenses. See "Determination of Contract Value" for more information about how the Company deducts the mortality and expense risk charge.

**Administration Charge —** The Company deducts a daily administration charge equal to an annual rate of each Subaccount's average daily net assets. The annual charge for each of the Subaccounts currently offered through this Prospectus is 0.25%. The Company guarantees that this charge will not increase for the Subaccounts available under the Contract as of the date of this Prospectus; however, the amount of this charge may be higher for Subaccounts that the Company adds in the future.

The Company assesses the administration charge in order to facilitate making certain Underlying Funds available as investment options under the Contract. The Company applies the fee on all Subaccounts, but may impose a higher fee on Subaccounts that we add in the future that invest in Underlying Funds that do not provide the Company or its affiliates with the amount of revenue it requires in order for the Company to meet its revenue targets. See "Certain Payments the Company and its Affiliates Receive With Regard to the Underlying Funds" for more information on payments the Company and its affiliates may receive from the Underlying Funds and their affiliates. These payments may be used for any corporate purpose, including payment of expenses that the Company and its affiliates incur in promoting, marketing, and administering the Contract and, in its role as intermediary for, the

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Underlying Funds. The Company may profit from the administration charge, and may use any profit derived from this fee for any lawful purpose, including distribution expenses.

**Other Charges —** The Company may charge the Separate Account or the Subaccounts for the federal, state, or local taxes incurred by the Company that are attributable to the Separate Account or the Subaccounts, or to the operations of the Company with respect to the Contract, or that are attributable to payment of premiums or acquisition costs under the Contract. No such charge is currently assessed. See "Tax Status of the Company and the Separate Account" and "Charge for the Company's Taxes."

**Variations in Charges —** The Company may reduce or waive the amount of the contingent deferred sales charge and certain other charges for a Contract where the expenses associated with the sale of the Contract or the administrative and maintenance costs associated with the Contract are reduced for reasons such as the amount of the initial Purchase Payment or projected Purchase Payments or the Contract is sold in connection with a group or sponsored arrangement.

**Optional Rider Charges —** In addition to the charges and deductions discussed above, you may purchase certain optional riders under the Contract. The Company made each rider available only at issue.

The Company deducts a monthly charge from Contract Value for any riders elected by the Owner. **The Company will deduct the monthly rider charge from Contract Value beginning on the Contract Date (or Contract Anniversary Date, if applicable) and ending on the Annuity Start Date. Thus, the Company may deduct certain rider charges during periods where no benefits are provided or payable.** The charge for the Extra Credit Rider, however, was deducted only during the seven-year period beginning on the Contract Date. The amount of each rider charge is equal to a percentage, on an annual basis, of your Contract Value. Each rider and its charge are listed below.

---

| | |
|:---|:---|
| **Optional Rider Expenses (as a percentage of Contract Value)** | **Optional Rider Expenses (as a percentage of Contract Value)** |
|  | **Annual Rider Charge** |
| Return of Premium Death Benefit | 0.10% |
| 3% Extra Credit<sup>1</sup> <br>| 0.40% |
| 1<br> The Company will deduct the charge for this rider during the seven-year period beginning on the Contract Date. | 1<br> The Company will deduct the charge for this rider during the seven-year period beginning on the Contract Date. |

---

**Underlying Fund Expenses —** Each Subaccount of the Separate Account purchases shares at the net asset value of the corresponding Underlying Fund. Each Underlying Fund's net asset value reflects the investment advisory fee and other expenses that are deducted from the assets of the Underlying Fund. These fees and expenses are not deducted from the Subaccounts but are paid from the assets of the corresponding Underlying Fund. As a result, the Owner indirectly bears a pro rata portion of such fees and expenses. The advisory fees and other expenses, if any, which are more fully described in each Underlying Fund's prospectus, are not specified or fixed under the terms of the Contract and may vary from year to year.

**Payment of Compensation —** The Company pays commissions to SDL and to Selling Broker-Dealers in connection with the promotion and sale of the Contract according to one or more schedules. Commissions and other incentives or payments (discussed below) are not charged directly to Owners or the Separate Account. The Company uses its corporate assets to pay commissions and other costs of distributing the Contract. The Company intends to recoup commissions and other sales expenses through fees and charges deducted under the Contract (including any profit from the mortality and expense risk charge and administration charge or other fees and charges imposed under the Contract) or from its General Account.

**The Contract**

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**General —** The Company issues the Contract offered by this Prospectus. It is a flexible purchase payment deferred variable annuity. The Contract is significantly different from a fixed annuity contract in that it is the Owner under a Contract who assumes the risk of investment gain or loss rather than the Company. When you are ready to begin receiving annuity payments, the Contract provides several Annuity Options under which the Company will pay periodic annuity payments on a variable basis, a fixed basis or both, beginning on the Annuity Start Date. The amount that will be available for annuity payments will depend on the investment performance of the Subaccounts to which you have allocated Purchase Payments.

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The Contract is available for purchase by an individual as a non-tax qualified contract ("Non-Qualified Contract"). The Contract is also eligible for purchase in connection with certain tax qualified retirement plans that meet the requirements of Section 403(b), 408, or 408A. Certain federal tax advantages are currently available to retirement plans that qualify as (1) annuity purchase plans of public school systems and certain tax-exempt organizations under Section 403(b) or (2) traditional and Roth individual retirement accounts or annuities, including traditional IRAs established by an employer under a simplified employee pension plan or a SIMPLE IRA plan, under Section 408. Joint Owners are permitted only on a Contract issued pursuant to a Non-Qualified Contract. If you are purchasing the Contract as an investment vehicle for a Section 403(b), 408, or 408A Qualified Plan, you should consider that the Contract does not provide any additional tax advantages beyond those already available through the Qualified Plan. However, the Contract does offer features and benefits in addition to providing tax deferral that other investments may not offer, including death benefit protection for your beneficiaries and annuity options which guarantee income for life. You should consult with your financial professional as to whether the overall benefits and costs of the Contract are appropriate considering your circumstances.

**Important Information About Your Benefits Under the Contract —** The benefits under the Contract are paid by us from our General Account assets and/or your Contract Value held in the Separate Account. It is important that you understand that payment of benefits from the Separate Account is not guaranteed and depends upon certain factors discussed below.

**Assets in the Separate Account.** Your Contract permits you to allocate Purchase Payments and Contract Value to various Subaccounts. You bear all of the investment risk for allocations to the Subaccounts. Your Contract Value in the Subaccounts is part of the assets of the Separate Account. These assets are segregated and cannot be charged with liabilities arising from any other business that we may conduct.

**Assets in the General Account.** Any guarantees under the Contract that exceed your Contract Value (such as those associated with the Return of Premium Death Benefit rider) are paid from our General Account. We issue other types of insurance policies and financial products as well, and we pay our obligations under these products from our assets in the General Account.

Any amounts that we are obligated to pay under the Contract from the General Account are subject to our financial strength and claims-paying ability. An insurance company's financial strength and claims-paying ability may be affected by, among other factors, adverse market developments. Adverse market developments may result in, among other things, realized losses on General Account investments, unrealized losses on such investments (which may or may not result in accounting impairments), increased reserve requirements, and a reduction of capital both absolutely and relative to minimum, regulatory required capital (some of which are cash items and some of which are noncash items). Adverse market developments are an inherent risk to our, and any insurer's, General Account.

**Application for a Contract —** If you wish to purchase a Contract, you may submit an application and an initial Purchase Payment to the Company, as well as any other form or information that the Company may require. The Company reserves the right to reject an application or Purchase Payment for any reason, subject to the Company's underwriting standards and guidelines and any applicable state or federal law relating to nondiscrimination.

The maximum age of an Owner or Annuitant for which a Contract will be issued is age 90. If there are Joint Owners or Annuitants, the maximum issue age will be determined by reference to the older Owner or Annuitant.

**Purchase Payments —** The minimum initial Purchase Payment for the purchase of a Contract is $50,000. Thereafter, you may choose the amount and frequency of Purchase Payments, except that the minimum subsequent Purchase Payment is $500. The minimum subsequent Purchase Payment if you elect an Automatic Investment Program is $50. The Company may reduce the minimum Purchase Payment requirement under certain circumstances. The Company will not accept, without prior Company approval, aggregate Purchase Payments in an amount that exceeds $2,000,000 under any variable annuity contract(s) issued by the Company for which you are an Owner and/or Joint Owner. The Company has the right to refuse any Purchase Payment and to cease accepting Purchase Payments.

The Company will apply the initial Purchase Payment not later than the end of the second Valuation Date after the Valuation Date it is received by the Company, in good order. In this regard "good order" means that the Purchase Payment is preceded or accompanied by an application that contains sufficient information to establish an account and properly credit such Purchase Payment. The application form will be provided by the Company. If you submit your application and/or initial Purchase Payment to your registered representative, the Company will not begin processing the application and the initial Purchase Payment until the Company receives them from your representative's broker-dealer.

------

Sometimes the Purchase Payment is not preceded by or accompanied by a complete application. The application includes your affirmative consent permitting the Company to hold your initial Purchase Payment beyond five Valuation Dates in its effort to complete your application. If your application is incomplete, and the Company is unable to resolve the problem within five Valuation Dates, the Company will notify you of the reasons for the delay. If you affirmatively revoke the consent given with your application to hold your initial Purchase Payment pending resolution of the problem, we will return your Purchase Payment. Otherwise, the Purchase Payment will be applied not later than the second Valuation Date after the Valuation Date the problem is resolved.

The Company will credit subsequent Purchase Payments as of the end of the Valuation Period in which they are received by the Company at its Administrative Office; however, subsequent Purchase Payments received at or after close of a Valuation Date (normally 3:00 p.m. Central time) will be effected at the Accumulation Unit value determined on the following Valuation Date. See "Cut-Off Times." In addition, any such Purchase Payment will not be processed until it is in good order. In this regard, "good order" means that the Purchase Payment is preceded or accompanied by sufficient information to properly credit such Purchase Payment. Purchase Payments after the initial Purchase Payment may be made at any time prior to the Annuity Start Date, so long as the Owner is living. Subsequent Purchase Payments under a Qualified Plan may be limited by the terms of the plan and provisions of the Internal Revenue Code. Subsequent Purchase Payments may be paid under an Automatic Investment Program. The initial Purchase Payment required must be paid before the Company will accept the Automatic Investment Program. If you submit a subsequent Purchase Payment to your registered representative, the Company will not begin processing the Purchase Payment until the Company receives it from your representative's broker-dealer.

If mandated under applicable law, the Company may be required to reject a Purchase Payment. The Company also may be required to provide additional information about the Owner's account to government regulators. In addition, the Company may be required to block the Owner's account and thereby refuse to pay any request for transfers, full or partial withdrawals (including systematic withdrawals), or death benefits until instructions are received from the appropriate regulator.

**Allocation of Purchase Payments —** In an application for a Contract, you select the Subaccounts to which Purchase Payments will be allocated. Purchase Payments will be allocated according to your instructions contained in the application or more recent instructions received, if any, except that no Purchase Payment allocation is permitted that would result in less than $25.00 per payment being allocated to any one Subaccount. The allocations must be a whole dollar amount or a whole percentage. Available allocation alternatives include the Subaccounts.

You may change the Purchase Payment allocation instructions by submitting a proper written request to the Company's Administrative Office. A proper change in allocation instructions will be effective upon receipt by the Company at its Administrative Office and will continue in effect until you submit a change in instructions to the Company. You may make changes in your Purchase Payment allocation and changes to an existing Dollar Cost Averaging or Asset Reallocation Option (each, an "Automatic Allocation Program") by telephone provided the proper form is properly completed, signed, and received by the Company at its Administrative Office. Changes in the allocation of future Purchase Payments have no effect on existing Contract Value. You may, however, transfer Contract Value among the Subaccounts in the manner described in "Transfers of Contract Value."

**Fund Liquidations.** If your allocation instructions include a Subaccount that has become no longer available due to a fund liquidation, upon advance notice to you and unless you otherwise instruct us, we will allocate the applicable portion of any subsequent Purchase Payments to the Rydex VIF U.S. Government Money Market Subaccount, and any automatic allocation instructions for scheduled transfers that include a Subaccount that is no longer available due to a fund liquidation will be terminated. If you wish to set up a new Dollar Cost Averaging Option or Asset Reallocation Option (without the Subaccount that is no longer available due to a fund liquidation), you will need to submit a new form to us. If you request a transfer of Contract Value to a Subaccount that is no longer available due to a fund liquidation, we will consider your request to not be in good order, and we will not process it. In such cases, we will contact you for further instructions.

**Closed Subaccounts.** We reserve the right to close Subaccounts. If we close a Subaccount, (a "Closed Subaccount"), you may be prevented from allocating Purchase Payments or Contract Value to that Subaccount. The table below lists the Closed Subaccounts and the effective date on which the Subaccounts were closed or will close.

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| | |
|:---|:---|
| **Closed Subaccounts** | **Effective Date** |
| Alger Capital Appreciation | April 30, 2021 |
| Lord Abbett Series Developing Growth VC | May 5, 2021 |
| PIMCO VIT Low Duration – Administrative Class | April 4, 2011 |

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| | |
|:---|:---|
| **Closed Subaccounts** | **Effective Date** |
| Vanguard<sup>®</sup> VIF Small Company Growth | May 1, 2019 |

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In the event that we receive a request on or after the effective date to allocate to any of the Closed Subaccounts, we will handle those transactions as follows:

**<u>New Applications.</u>** If we receive an application for a Contract with an allocation to a Closed Subaccount, we will consider the application to be incomplete and we will attempt to contact the applicant to get revised instructions. The Company will hold the Purchase Payment in its General Account and may take up to five Valuation Dates to resolve the problem. If the Company is unable to resolve the problem within five Valuation Dates, the Company will notify the applicant of the reasons for the delay. If the applicant affirmatively revokes the consent given with their application to hold the initial Purchase Payment pending resolution of the problem, we will return the applicant's Purchase Payment. Otherwise, the Purchase Payment will be applied not later than the second Valuation Date after the Valuation Date the problem is resolved.

**<u>Existing Contracts.</u>** Except as provided below, if we receive a Purchase Payment for an existing Contract with an allocation a Closed Subaccount, we will allocate the applicable portion of the payment to the Rydex VIF U.S. Government Money Market Subaccount. If you have automatic allocation instructions designating allocation to a Closed Subaccount pursuant to an Automatic Allocation Program as of the date that a Subaccount is closed, your automatic allocation instructions will be terminated as of the close of business on that date. If you wish to set up a new Dollar Cost Averaging Option or Asset Reallocation Option (without the Closed Subaccount), you will need to submit a new form to our Administrative Office. If you request a transfer of Contract Value to a Closed Subaccount, we will consider your request to not be in good order, and we will not process it. In such cases, we will contact you for further instructions.

Notwithstanding the foregoing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

If you had Contract Value allocated to the Alger Capital Appreciation on April 30, 2021, your Contract Value will remain invested in that Subaccount and you may continue to allocate Purchase Payments or transfer Contract Value to or from that Subaccount, subject to transfer restrictions. Automatic allocation instructions involving the Alger Capital Appreciation Subaccount pursuant to an Automatic Allocation Program will remain in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

If you had Contract Value allocated to the Lord Abbett Series Developing Growth VC Subaccount on May 5, 2021, your Contract Value will remain invested in that Subaccount and you may continue to allocate Purchase Payments or transfer Contract Value to or from that Subaccount, subject to transfer restrictions. Automatic allocation instructions involving the Lord Abbett Series Developing Growth VC Subaccount pursuant to an Automatic Allocation Program will remain in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

If you allocate a Purchase Payment to the PIMCO VIT Low Duration Subaccount – Administrative Class, we will allocate the applicable portion of the Purchase Payment to a Subaccount that invests in the Advisor Class of the PIMCO VIT Low Duration Subaccount. The Advisor Class imposes a distribution and/or service (12b-1) fee of 0.25%, which is 0.10% higher than the 0.15% service fee imposed by the Administrative Class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

If you had Contract Value allocated to the Vanguard<sup>®</sup> VIF Small Company Growth Subaccount on May 1, 2019, your Contract Value will remain invested in that Subaccount and you may continue to allocate Purchase Payments or transfer Contract Value to or from that Subaccount, subject to transfer restrictions. Automatic allocation instructions involving the Vanguard<sup>®</sup> VIF Small Company Growth Subaccount pursuant to an Automatic Allocation Program will remain in effect.

**Dollar Cost Averaging Option —** For no additional charge, prior to the Annuity Start Date, you may dollar cost average your Contract Value by authorizing the Company to make periodic transfers of Contract Value from any one Subaccount to one or more of the other Subaccounts. Dollar cost averaging is a systematic method of investing in which securities are purchased at regular intervals in fixed dollar amounts so that the cost of the securities gets averaged over time and possibly over various market cycles. The option will result in the transfer of Contract Value from one Subaccount to one or more of the other Subaccounts. Amounts transferred under this option will be credited at the price of the Subaccount as of the end of the Valuation Dates on which the transfers are effected. Since the price of a Subaccount's Accumulation Units will vary, the amounts transferred to a Subaccount will result in the crediting of a greater number of units when the price is low and a lesser number of units when the price is high. Similarly, the amounts transferred from a Subaccount will result in a debiting of a greater number of units when the price is low and a lesser number of units when the price is high. Dollar cost averaging does not guarantee profits, nor does it assure that you will not have losses.

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A Dollar Cost Averaging form is available upon request. On the form, you must designate whether Contract Value is to be transferred on the basis of a specific dollar amount, a fixed period or earnings only, the Subaccount or Subaccounts to and from which the transfers will be made, the desired frequency of the transfers, which may be on a monthly, quarterly, semiannual or annual basis, and the length of time during which the transfers shall continue or the total amount to be transferred over time. The minimum amount that may be transferred to any one Subaccount is $25.00. The Company does not require that transfers be continued over any minimum period of time, although typically dollar cost averaging would extend over a period of at least one year.

After the Company has received a Dollar Cost Averaging request in proper form at its Administrative Office, the Company will transfer Contract Value in the amounts you designate from the Subaccount from which transfers are to be made to the Subaccount or Subaccounts you have chosen. The Company will effect each transfer on the date you specify or if no date is specified, on the monthly, quarterly, semiannual or annual anniversary, whichever corresponds to the period selected, as of the date of receipt at the Administrative Office of a Dollar Cost Averaging request in proper form. Transfers will be made until the total amount elected has been transferred, or until Contract Value in the Subaccount from which transfers are made has been depleted. Amounts periodically transferred under this option are not included in the 14 transfers per Contract Year that generally are allowed as discussed under "Transfers of Contract Value."

You may make changes to the option by writing to the Company's Administrative Office or by telephone provided the proper form is completed, signed, and received by the Company. You may instruct the Company at any time to terminate the option by written request to the Company's Administrative Office. In that event, the Contract Value in the Subaccount from which transfers were being made that has not been transferred will remain in that Subaccount unless you instruct us otherwise. If you wish to continue transferring on a dollar cost averaging basis after the expiration of the applicable period, the total amount elected has been transferred, or the Subaccount has been depleted, or after the Dollar Cost Averaging Option has been canceled, a new Dollar Cost Averaging form must be completed and sent to the Administrative Office. The Company requires that you wait at least a month if transfers were made on a monthly basis, a quarter if transfers were made on a quarterly basis, six months if transfers were made on a semiannual basis or one year if transfers were made on an annual basis, before reinstating Dollar Cost Averaging after it has been terminated for any reason. The Company may discontinue, modify, or suspend the Dollar Cost Averaging Option at any time. The Company does not currently charge a fee for this option. If you elect the Dollar Cost Averaging Option, you may also elect the Asset Reallocation Option.

**Asset Reallocation Option —** For no additional charge, prior to the Annuity Start Date, you may authorize the Company to automatically transfer Contract Value on a monthly, quarterly, semiannual or annual basis to maintain a particular percentage allocation among the Subaccounts. The Contract Value allocated to each Subaccount will grow or decline in value at different rates during the selected period, and Asset Reallocation automatically reallocates the Contract Value in the Subaccounts to the allocation you selected on a monthly, quarterly, semiannual or annual basis, as you select. Asset Reallocation is intended to transfer Contract Value from those Subaccounts that have increased in value to those Subaccounts that have declined in value. Over time, this method of investing may help you buy low and sell high. This investment method does not guarantee profits, nor does it assure that you will not have losses.

To elect this option an Asset Reallocation request in proper form must be received by the Company at its Administrative Office. An Asset Reallocation form is available upon request. On the form, you must indicate the applicable Subaccounts, the applicable time period and the percentage of Contract Value to be allocated to each Subaccount.

Upon receipt of the Asset Reallocation form, the Company will effect a transfer among the Subaccounts based upon the percentages that you selected. Thereafter, the Company will transfer Contract Value to maintain that allocation on each monthly, quarterly, semiannual or annual anniversary, as applicable, as of the date of the Company's receipt of the Asset Reallocation request in proper form. The amounts transferred will be credited at the price of the Subaccount as of the end of the Valuation Date on which the transfer is effected. Amounts periodically transferred under this option are not included in the 14 transfers per Contract Year that generally are allowed as discussed under "Transfers of Contract Value."

You may make changes to the option by writing to the Company's Administrative Office or by telephone provided the proper form is completed, signed, and received at the Company's Administrative Office. You may instruct the Company at any time to terminate this option by written request to the Company's Administrative Office. In that event, the Contract Value in the Subaccounts that has not been transferred will remain in those Subaccounts regardless of the percentage allocation unless you instruct us otherwise. If you wish to continue Asset Reallocation after it has been canceled, a new Asset Reallocation form must be completed and sent to the Company's Administrative Office. The Company may discontinue, modify, or suspend, and reserves the right to charge a fee, for

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the Asset Reallocation Option at any time. The Company does not currently charge a fee for this option. If you elect the Asset Reallocation Option, you may also elect the Dollar Cost Averaging Option.

**Transfers of Contract Value —** You may transfer Contract Value among the Subaccounts upon proper written request to the Company's Administrative Office both before and after the Annuity Start Date. You may make transfers (other than transfers pursuant to the Dollar Cost Averaging and Asset Reallocation Options) by telephone if the Electronic Transfer Privilege section of the application or the proper form has been completed, signed and received at the Company's Administrative Office. The minimum transfer amount is $500, or the amount remaining in a given Subaccount. The minimum transfer amount does not apply to transfers under the Dollar Cost Averaging or Asset Reallocation Options.

The Company generally effects transfers between or from the Subaccounts at their respective Accumulation Unit values as of the close of the Valuation Period during which the transfer request is received; however, transfer requests received at or after the applicable cut-off time on any Valuation Date will be effected at the Accumulation Unit value determined on the following Valuation Date. Normally, the cut-off time for transfer requests is 2:00 p.m. Central time. If regular trading on the New York Stock Exchange closes prior to 3:00 p.m. Central time, the cut-off time for transfer requests will be one hour prior to closing. See "Cut-Off Times." In addition, a transfer request will not be processed until it is in good order. In this regard, "good order" means that the transfer request is preceded or accompanied by sufficient information to properly execute the transfer.

The Company reserves the right to limit the number of transfers to 14 in a Contract Year, although the Company does not limit the frequency of transfers with regard to the Donoghue, Rydex and certain Federated Subaccounts. In addition, transfers are subject to frequent trading restrictions described below. The Company will limit your transfers if we determine that you are engaging in a pattern of transfers that is disruptive to the Underlying Funds or potentially disadvantageous to other Owners and Participants with Contract Value allocated to the applicable Subaccount(s) and we believe that suspension of your electronic transfer privileges, as discussed below, does not adequately address your transfer activity. The Company does not assess a transfer processing fee on transfers.

**Frequent Transfer Restrictions.** The Contract is not designed for organizations or individuals engaging in a market timing strategy, or making programmed transfers, frequent transfers or transfers that are large in relation to the total assets of an Underlying Fund. These kinds of strategies and transfer activities may disrupt portfolio management of the Underlying Funds in which the Subaccounts invest (such as requiring the Underlying Fund to maintain a high level of cash or causing an Underlying Fund to liquidate investments prematurely to pay withdrawals), hurt Underlying Fund performance, and drive Underlying Fund expenses (such as brokerage and administrative expenses) higher, which are reflected in Underlying Fund performance. In addition, because other insurance companies and/or retirement plans may invest in the Underlying Funds, the risk exists that the Underlying Funds may suffer harm from programmed, frequent, or large transfers among subaccounts of variable contracts issued by other insurance companies or among investment options available to retirement plan participants. These risks and costs are borne by all shareholders of an affected Underlying Fund, Owners and Participants with Contract Value allocated to the corresponding Subaccount (as well as their Designated Beneficiaries and Annuitants) and long-term investors who do not generate these costs.

The Company has in place policies and procedures designed to restrict transfers if we determine that you are engaging in a pattern of transfers that is disruptive to the Underlying Funds or potentially disadvantageous to other Owners and Participants with Contract Value allocated to the applicable Subaccount (regardless of the number of previous transfers the Owner or Participant has made during the Contract Year). In making this determination, we monitor transfers among the Subaccounts and consider, among other things, the following factors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

the total dollar amount being transferred;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

the number of transfers you made within a period of time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

transfers to and from (or from and to) the same Subaccount;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

whether your transfers appear to follow a pattern designed to take advantage of short-term market fluctuations; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

whether your transfers appear to be part of a group of transfers made by a third party on behalf of the individual Owners in the group.

There is a risk that some Owners and Participants may engage in transfer activity in a manner that is disruptive to the Underlying Funds or potentially disadvantageous to other Owners and Participants, which may have a negative impact on such other Owners and Participants. If the Company determines that your transfer patterns among the Subaccounts are disruptive to the Underlying Funds or potentially disadvantageous to Owners and

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Participants, the Company may send you a letter notifying you that it is prohibiting you from making telephone transfers or other electronic transfers and instead requiring that you submit transfer requests in writing via regular U.S. mail for a disclosed period beginning on the date of the letter.

In addition, if you make a certain number of transfers ***from*** a Subaccount followed by a transfer to that Subaccount (or ***to*** a Subaccount followed by a transfer from that Subaccount) ("round trip transfers") during the prior 12-month period (or such shorter period as specified in the chart below), the Company will prohibit further transfers to that Subaccount until such transfer may be made without violating the number of round trip transfers permitted. The Transfer Block Restriction applies only on Subaccount transfer amounts greater than $5,000.

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| |
|:---|
| **Subaccount** |
| Federated Hermes High Income Bond II<br>2<sup>1</sup> <br>|
| 1<br> Number of round trip transfers that can be made in any 12 month period before the Company will prohibit further transfers to that <br> Subaccount. Transfers to the Subaccount will be prohibited until such transfer may be made without violating the number of round trip <br> transfers set forth above. |

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Further, if you make a transfer ***from*** any of the Subaccounts listed below, then you may not make a transfer ***to*** that same Subaccount for a period of calendar days equal to the amount listed in the table below in the column titled "Transfer Block Restriction." The Transfer Block Restriction applies only on Subaccount transfer amounts greater than $5,000. The calendar day after the date of the transfer out of the particular Subaccount is considered day 1 for the purpose of computing the period before a transfer to the same Subaccount may be made. For example, if you transfer money out of the NAA SMid-Cap Value Series Subaccount on April 16, the 30 day restriction begins on April 17 and ends on May 16, which means you could transfer back into the NAA SMid-Cap Value Series Subaccount on May 17. This restriction does not apply to transfers made pursuant to the Dollar Cost Averaging and Asset Reallocation Options.

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| | |
|:---|:---|
| **Subaccount** | **Transfer**<br> **Block Restriction**<br> **(# of Calendar Days)**<br>|
| AB Discovery Value, AB Relative Value, AB Sustainable Global Thematic, AB VPS <br> Dynamic Asset Allocation<br>| 30 days |
| Alger Capital Appreciation<sup>1</sup>, Alger Large Cap Growth | 30 days |
| Allspring Opportunity VT, Allspring VT Discovery All Cap Growth | 30 days |
| ALPS/Alerian Energy Infrastructure | 30 days |
| AFIS Capital World Growth and Income, AFIS U.S. Government Securities, AFIS <br> Washington Mutual Investors, American Funds IS<sup>®</sup> Asset Allocation, American Funds IS<sup>®</sup> <br> Capital World Bond, American Funds IS<sup>®</sup> EUPAC Fund<sup>TM</sup>, American Funds IS<sup>®</sup> Global <br> Growth, American Funds IS<sup>®</sup> Growth, American Funds IS<sup>®</sup> Growth-Income, American <br> Funds IS<sup>®</sup> International Growth and Income, American Funds IS<sup>®</sup> Mortgage, American <br> Funds IS<sup>®</sup> New World, American Funds IS<sup>®</sup> SMALLCAP World Fund<sup>®</sup><br>| 30 days |
| BlackRock Advantage Large Cap Core V.I., BlackRock Basic Value V.I., BlackRock Capital <br> Appreciation V.I., BlackRock Equity Dividend V.I., BlackRock Global Allocation V.I., <br> BlackRock High Yield V.I., BlackRock Large Cap Focus Growth V.I.<br>| 30 days |
| BNY Mellon IP Small Cap Stock Index, BNY Mellon IP Technology Growth, BNY Mellon <br> Stock Index, BNY Mellon VIF Appreciation<br>| 60 days |
| Dimensional VA Equity Allocation, Dimensional VA Global Bond Portfolio, Dimensional VA <br> Global Moderate Allocation, Dimensional VA International Small Portfolio, Dimensional VA <br> International Value Portfolio, Dimensional VA Short-Term Fixed Portfolio, Dimensional VA <br> U.S. Large Value Portfolio, Dimensional VA U.S. Targeted Value Portfolio<br>| 30 days |
| Donoghue Forlines Dividend VIT Fund, Donoghue Forlines Momentum VIT Fund | Unlimited |
| DWS Small Mid Cap Value VIP | 30 days |
| Eaton Vance VT Floating-Rate Income | 90 days |
| Federated Hermes Fund for U.S. Government Securities II | Unlimited |

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| | |
|:---|:---|
| **Subaccount** | **Transfer**<br> **Block Restriction**<br> **(# of Calendar Days)**<br>|
| Federated Hermes High Income Bond II | Subject to the <br> Round Trip <br> Transfer restrictions <br> in the chart above<br>|
| Fidelity<sup>®</sup> VIP Balanced, Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup>, Fidelity<sup>®</sup> VIP Disciplined Small Cap, <br> Fidelity<sup>®</sup> VIP Emerging Markets, Fidelity<sup>®</sup> VIP Growth & Income, Fidelity<sup>®</sup> VIP Growth <br> Opportunities, Fidelity<sup>®</sup> VIP High Income, Fidelity<sup>®</sup> VIP Index 500, Fidelity<sup>®</sup> VIP Investment <br> Grade Bond, Fidelity<sup>®</sup> VIP Mid Cap, Fidelity<sup>®</sup> VIP Overseas, Fidelity<sup>®</sup> VIP Real Estate, <br> Fidelity<sup>®</sup> VIP Strategic Income<br>| 60 days |
| Franklin DynaTech VIP Fund, Franklin Growth and Income VIP Fund, Franklin Income VIP <br> Fund, Franklin Large Cap Growth VIP Fund, Franklin Mutual Global Discovery VIP Fund, <br> Franklin Mutual Shares VIP Fund, Franklin Rising Dividends VIP Fund, Franklin Small Cap <br> Value VIP Fund, Franklin Small-Mid Cap Growth VIP Fund, Franklin Strategic Income VIP <br> Fund, Franklin U.S. Government Securities VIP Fund<br>| 30 days |
| Goldman Sachs VIT International Equity Insights, Goldman Sachs VIT Large Cap Value, <br> Goldman Sachs VIT Mid Cap Growth, Goldman Sachs VIT Mid Cap Value, Goldman <br> Sachs VIT Small Cap Equity Insights, Goldman Sachs VIT Strategic Growth<br>| 30 days |
| Guggenheim VIF Floating Rate Strategies, Guggenheim VIF Global Managed Futures <br> Strategy, Guggenheim VIF High Yield, Guggenheim VIF Multi-Hedge Strategies, <br> Guggenheim VIF Total Return Bond<br>| 30 days |
| Invesco V.I. American Franchise, Invesco V.I. American Value, Invesco V.I. Balanced-Risk <br> Allocation, Invesco V.I. Comstock, Invesco V.I. Core Equity, Invesco V.I. Discovery Mid Cap <br> Growth, Invesco V.I. Equally-Weighted S&P 500, Invesco V.I. Equity and Income, Invesco <br> V.I. EQV International Equity, Invesco V.I. Global, Invesco V.I. Global Real Estate, Invesco <br> V.I. Global Strategic Income, Invesco V.I. Government Securities, Invesco V.I. Growth and <br> Income, Invesco V.I. Health Care, Invesco V.I. High Yield, Invesco V.I. International Growth, <br> Invesco V.I. Main Street Mid Cap Fund<sup>®</sup>, Invesco V.I. Main Street Small Cap Fund<sup>®</sup>, <br> Invesco V.I. S&P Buffer Fund – December, Invesco V.I. S&P Buffer Fund – June, Invesco <br> V.I. S&P Buffer Fund – March, Invesco V.I. S&P Buffer Fund – September, Invesco V.I. <br> Small Cap Equity<br>| 30 days |
| Janus Henderson VIT Enterprise, Janus Henderson VIT Forty, Janus Henderson VIT Mid <br> Cap Value, Janus Henderson VIT Overseas, Janus Henderson VIT Research<br>| 30 days |
| Lord Abbett Series Bond-Debenture VC, Lord Abbett Series Developing Growth VC<sup>2</sup>, Lord <br> Abbett Series Dividend Growth VC, Lord Abbett Series Fundamental Equity VC, Lord <br> Abbett Series Growth and Income VC, Lord Abbett Series Growth Opportunities VC, Lord <br> Abbett Series Mid Cap Stock VC, Lord Abbett Series Total Return VC<br>| 30 days |
| LVIP American Century Inflation Protection, LVIP American Century International, LVIP <br> American Century Mid Cap Value, LVIP American Century Value, LVIP Avantis Large Cap <br> Value, LVIP JPMorgan Core Bond, LVIP JPMorgan Small Cap Core, LVIP JPMorgan U.S. <br> Equity<br>| 30 days |
| MFS<sup>®</sup> VIT Emerging Markets Equity, MFS<sup>®</sup> VIT Global Tactical Allocation, MFS<sup>®</sup> VIT High <br> Yield, MFS<sup>®</sup> VIT II MA Investors Growth Stock, MFS<sup>®</sup> VIT II Research International, MFS<sup>®</sup> <br> VIT International Intrinsic Equity, MFS<sup>®</sup> VIT Investors Trust, MFS<sup>®</sup> VIT New Discovery, <br> MFS<sup>®</sup> VIT Research, MFS<sup>®</sup> VIT Total Return, MFS<sup>®</sup> VIT Total Return Bond, MFS<sup>®</sup> VIT <br> Utilities<br>| 30 days |
| Morgan Stanley VIF Emerging Markets Debt, Morgan Stanley VIF Emerging Markets <br> Equity<br>| 30 days |
| Morningstar Aggressive Growth ETF Asset Allocation Portfolio, Morningstar Balanced ETF <br> Asset Allocation Portfolio, Morningstar Conservative ETF Asset Allocation Portfolio, <br> Morningstar Growth ETF Asset Allocation Portfolio, Morningstar Income and Growth ETF <br> Asset Allocation Portfolio<br>| 30 days |

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| | |
|:---|:---|
| **Subaccount** | **Transfer**<br> **Block Restriction**<br> **(# of Calendar Days)**<br>|
| NAA All Cap Value Series, NAA Large Cap Value Series, NAA Large Core Series, NAA <br> Large Growth Series, NAA Mid Growth Series, NAA Small Cap Value Series, NAA Small <br> Growth Series, NAA SMid-Cap Value Series, NAA World Equity Income Series<br>| 30 days |
| Neuberger Berman Quality Equity Portfolio | 30 days |
| Nomura VIP Asset Strategy, Nomura VIP Balanced, Nomura VIP Core Equity, Nomura VIP <br> Energy, Nomura VIP Global Growth, Nomura VIP Growth, Nomura VIP High Income, <br> Nomura VIP International Core Equity, Nomura VIP Limited-Term Bond, Nomura VIP Mid <br> Cap Growth, Nomura VIP Natural Resources, Nomura VIP Science and Technology, <br> Nomura VIP Small Cap Growth, Nomura VIP Smid Cap Core, Nomura VIP Value<br>| 60 days |
| PIMCO VIT All Asset, PIMCO VIT CommodityRealReturn Strategy, PIMCO VIT Emerging <br> Markets Bond, PIMCO VIT Global Bond Opportunities (Unhedged), PIMCO VIT Global <br> Managed Asset Allocation, PIMCO VIT High Yield, PIMCO VIT Low Duration, PIMCO VIT <br> Real Return, PIMCO VIT Short-Term, PIMCO VIT Total Return<br>| 30 days |
| Putnam VT Core Equity, Putnam VT Diversified Income, Putnam VT Global Asset <br> Allocation, Putnam VT High Yield, Putnam VT Income, Putnam VT Large Cap Growth, <br> Putnam VT Large Cap Value, Putnam VT Small Cap Growth<br>| 30 days |
| Rydex VIF Banking, Rydex VIF Basic Materials, Rydex VIF Biotechnology, Rydex VIF <br> Commodities Strategy, Rydex VIF Consumer Products, Rydex VIF Dow 2x Strategy, Rydex <br> VIF Electronics, Rydex VIF Energy, Rydex VIF Energy Services, Rydex VIF Europe 1.25x <br> Strategy, Rydex VIF Financial Services, Rydex VIF Government Long Bond 1.2x Strategy, <br> Rydex VIF Health Care, Rydex VIF High Yield Strategy, Rydex VIF Internet, Rydex VIF <br> Inverse Dow 2x Strategy, Rydex VIF Inverse Government Long Bond Strategy, Rydex VIF <br> Inverse Mid-Cap Strategy, Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy, Rydex VIF Inverse <br> Russell 2000<sup>®</sup> Strategy, Rydex VIF Inverse S&P 500 Strategy, Rydex VIF Japan 2x <br> Strategy, Rydex VIF Leisure, Rydex VIF Mid-Cap 1.5x Strategy, Rydex VIF NASDAQ-100<sup>®</sup>, <br> Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy, Rydex VIF Nova, Rydex VIF Precious Metals, <br> Rydex VIF Real Estate, Rydex VIF Retailing, Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy, <br> Rydex VIF Russell 2000<sup>®</sup> 2x Strategy, Rydex VIF S&P 500 2x Strategy, Rydex VIF S&P <br> 500 Pure Growth, Rydex VIF S&P 500 Pure Value, Rydex VIF S&P MidCap 400 Pure <br> Growth, Rydex VIF S&P MidCap 400 Pure Value, Rydex VIF S&P SmallCap 600 Pure <br> Growth, Rydex VIF S&P SmallCap 600 Pure Value, Rydex VIF Strengthening Dollar 2x <br> Strategy, Rydex VIF Technology, Rydex VIF Telecommunications, Rydex VIF <br> Transportation, Rydex VIF U.S. Government Money Market, Rydex VIF Utilities, Rydex VIF <br> Weakening Dollar 2x Strategy<br>| Unlimited |
| T. Rowe Price Blue Chip Growth, T. Rowe Price Equity Income, T. Rowe Price Health <br> Sciences, T. Rowe Price Limited-Term Bond<br>| 30 days |
| Templeton Emerging Markets VIP Fund, Templeton Foreign VIP Fund, Templeton Global <br> Bond VIP Fund, Templeton Growth VIP Fund<br>| 30 days |
| Third Avenue Value | 90 days |
| TOPS<sup>®</sup> Aggressive ETF, TOPS<sup>®</sup> Balanced ETF, TOPS<sup>®</sup> Conservative ETF, TOPS<sup>®</sup> <br> Managed Risk Balanced ETF, TOPS<sup>®</sup> Managed Risk Moderate ETF, TOPS<sup>®</sup> Managed Risk <br> Moderately Aggressive ETF, TOPS<sup>®</sup> Moderate ETF, TOPS<sup>®</sup> Moderately Aggressive ETF<br>| 30 days |
| VanEck VIP Global Gold, VanEck VIP Global Resources | 30 days |
| Vanguard<sup>®</sup> VIF Balanced, Vanguard<sup>®</sup> VIF Conservative Allocation, Vanguard<sup>®</sup> VIF <br> Diversified Value, Vanguard<sup>®</sup> VIF Equity Income, Vanguard<sup>®</sup> VIF Equity Index, Vanguard<sup>®</sup> <br> VIF Global Bond Index, Vanguard<sup>®</sup> VIF Growth, Vanguard<sup>®</sup> VIF High Yield Bond, <br> Vanguard<sup>®</sup> VIF International, Vanguard<sup>®</sup> VIF Mid-Cap Index, Vanguard<sup>®</sup> VIF Moderate <br> Allocation, Vanguard<sup>®</sup> VIF PRIMECAP, Vanguard<sup>®</sup> VIF Real Estate Index, Vanguard<sup>®</sup> VIF <br> Short Term Investment Grade, Vanguard<sup>®</sup> VIF Small Company Growth<sup>3</sup>, Vanguard<sup>®</sup> VIF <br> Total Bond Market Index, Vanguard<sup>®</sup> VIF Total International Stock Market Index, Vanguard<sup>®</sup> <br> VIF Total Stock Market Index<br>| 30 days |

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| | |
|:---|:---|
| **Subaccount** | **Transfer**<br> **Block Restriction**<br> **(# of Calendar Days)**<br>|
| Victory Pioneer Bond VCT, Victory Pioneer Equity Income VCT, Victory Pioneer High Yield <br> VCT, Victory Pioneer Strategic Income VCT<br>| 30 days |
| Virtus Duff & Phelps Real Estate Securities Series, Virtus KAR Small-Cap Growth Series, <br> Virtus Newfleet Multi-Sector Intermediate Bond Series, Virtus SGA International Growth <br> Series, Virtus Tactical Allocation Series<br>| 30 days |
| Voya MidCap Opportunities Portfolio | 30 days |
| VY CBRE Global Real Estate Portfolio, VY Columbia Real Estate Portfolio | 30 days |
| Western Asset Variable Global High Yield Bond | 30 days |
| 1<br> You may transfer Contract Value to the Alger Capital Appreciation Subaccount only if you had Contract Value allocated to that Subaccount on <br> April 30, 2021.<br>2<br> You may transfer Contract Value to the Lord Abbett Series Developing Growth VC Subaccount only if you had Contract Value allocated to <br> that Subaccount on May 5, 2021.<br>3<br> You may transfer Contract Value to the Vanguard<sup>®</sup> VIF Small Company Growth Subaccount only if you had Contract Value allocated to that <br> Subaccount on May 1, 2019. | 1<br> You may transfer Contract Value to the Alger Capital Appreciation Subaccount only if you had Contract Value allocated to that Subaccount on <br> April 30, 2021.<br>2<br> You may transfer Contract Value to the Lord Abbett Series Developing Growth VC Subaccount only if you had Contract Value allocated to <br> that Subaccount on May 5, 2021.<br>3<br> You may transfer Contract Value to the Vanguard<sup>®</sup> VIF Small Company Growth Subaccount only if you had Contract Value allocated to that <br> Subaccount on May 1, 2019. |

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In addition to the Company's own frequent transfer procedures, the Underlying Funds may have adopted their own policies and procedures with respect to frequent transfer of their respective shares, and the Company reserves the right to enforce these policies and procedures. The prospectuses for the Underlying Funds describe any such policies and procedures, which may be more or less restrictive than the policies and procedures the Company has adopted. In particular, some of the Underlying Funds have reserved the right to temporarily or permanently refuse payments or transfer requests from the Company if, in the judgment of the Underlying Fund's manager, the Underlying Fund would be unable to invest effectively in accordance with its investment objective or policies, or would otherwise potentially be adversely affected.

You should be aware that the Company currently may not have the contractual obligation or the operational capacity to apply the Underlying Funds' frequent transfer policies and procedures. However, under SEC rules, the Company is required to: (1) enter into a written agreement with each Underlying Fund or its principal underwriter that obligates the Company to provide to the Underlying Fund promptly upon request certain information about the trading activity of individual Owners and Participants, and (2) execute instructions from the Underlying Fund to restrict or prohibit further purchases or transfers by specific Owners and Participants who violate the frequent transfer policies established by the Underlying Fund.

Managers of the Underlying Funds may contact the Company if they believe or suspect that there is market timing or other potentially harmful trading, and, if so, the Company will take appropriate action to protect others. In particular, the Company may, and the Company reserves the right to, reverse a potentially harmful transfer. If the Company reverses a potentially harmful transfer, it will effect such reversal not later than the close of business on the second Valuation Date following the Valuation Date in which the original transfer was effected, and the Company will inform the Owner or Participant in writing at his or her address of record.

To the extent permitted by applicable law, the Company also reserves the right to reject a transfer request at any time that the Company is unable to purchase or redeem shares of any of the Underlying Funds because of any refusal or restriction on purchases or redemptions of their shares as a result of the Underlying Fund's policies and procedures on market timing activities or other potentially abusive transfers. The Company also reserves the right to implement, administer, and collect redemption fees imposed by one or more of the Underlying Funds in the future. You should read the prospectuses of the Underlying Funds for more details on their ability to refuse or restrict purchases or redemptions of their shares.

In its sole discretion, the Company may revise its market timing procedures at any time without prior notice as the Company deems necessary or appropriate to better detect and deter programmed, frequent, or large transfers that may adversely affect other Owners, Participants, or Underlying Fund shareholders, to comply with state or federal regulatory requirements, or to impose additional or alternate restrictions on market timers (such as dollar or percentage limits on transfers). The Company may change its parameters to monitor for factors other than transfer block restrictions. For purposes of applying the parameters used to detect potential market timing and other potentially harmful activity, the Company may aggregate transfers made in two or more Contracts that it believes are connected (for example, two Contracts with the same Owner or Participant, or owned by spouses, or owned by different partnerships or corporations that are under common control, etc.).

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The Company does not include transfers made pursuant to Dollar Cost Averaging and Asset Reallocation Options in these limitations. The Company may vary its market timing procedures from Subaccount to Subaccount, and may be more restrictive with regard to certain Subaccounts than others. The Company may not always apply these detection methods to Subaccounts investing in Underlying Funds that, in its judgment, would not be particularly attractive to market timers or otherwise susceptible to harm by frequent transfers.

Owners and Participants seeking to engage in programmed, frequent, or large transfer activity may deploy a variety of strategies to avoid detection. The Company's ability to detect and deter such transfer activity is limited by operational systems and technological limitations. Furthermore, the identification of Owners and Participants determined to be engaged in transfer activity that may adversely affect other Owners, Participants, or Underlying Fund shareholders involves judgments that are inherently subjective. Accordingly, despite its best efforts, the Company cannot guarantee that its market timing procedures will detect every potential market timer, but the Company applies its market timing procedures consistently to all Owners and Participants without special arrangement, waiver, or exception, aside from allocations to the Donoghue, Rydex and certain Federated Subaccounts (see chart above), which do not limit or restrict transfers. Because other insurance companies and/or retirement plans may invest in the Underlying Funds, the Company cannot guarantee that the Underlying Funds will not suffer harm from programmed, frequent, or large transfers among subaccounts of variable contracts issued by other insurance companies or among investment options available to retirement plan participants.

The Company does not limit or restrict transfers to or from the Donoghue, Rydex and certain Federated Subaccounts (see chart above). As stated above, market timing and frequent transfer activities may disrupt portfolio management of the Underlying Funds, hurt Underlying Fund performance, and drive Underlying Fund expenses higher, which are reflected in Underlying Fund performance.

Because the Company does not reserve the unfettered right to prohibit transfers, it cannot guarantee that it can restrict or deter all harmful transfer activity, Owners and Participants bear the risks associated with such activity, including potential disruption of portfolio management of the Underlying Funds and potentially lower Underlying Fund performance and higher Underlying Fund expenses. In addition, there is a risk that the Company will not detect harmful transfer activity on the part of some Owners and Participants and, as a result, the Company will inadvertently treat those Owners and Participants differently than Owners and Participants it does not permit to engage in harmful transfer activity. Moreover, due to the Company's operational and technological limitations, as well as possible variations in the market timing policies of other insurance companies and/or retirement plans that may also invest in the Underlying Funds, some Owners and Participants may be treated differently than others. Consequently, there is a risk that some Owners and Participants may be able to engage in market timing while others suffer the adverse effects of such trading activities.

**Contract Value —** The Contract Value is the sum of the amounts under your Contract held in each Subaccount as of any Valuation Date.

On each Valuation Date, the amount of Contract Value allocated to any particular Subaccount will be adjusted to reflect the investment experience of that Subaccount. See "Determination of Contract Value." Contract Value allocated to the Subaccounts is not guaranteed by the Company. You bear the entire investment risk relating to the investment performance of Contract Value allocated to the Subaccounts.

**Determination of Contract Value —** Your Contract Value will vary depending upon several factors, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Investment performance of the Subaccounts to which you have allocated Contract Value,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Payment of Purchase Payments,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Full and partial withdrawals (including systematic withdrawals and withdrawals made to pay the fees of your investment adviser), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Charges assessed in connection with the Contract, including charges for any optional riders selected.

The amounts allocated to a Subaccount will be invested in shares of the corresponding Underlying Fund. The investment performance of each Subaccount will reflect increases or decreases in the net asset value per share of the corresponding Underlying Fund and any dividends or distributions declared by the Underlying Fund. Any dividends or distributions from any Underlying Fund will be automatically reinvested in shares of the same Underlying Fund, unless the Company, on behalf of the Separate Account, elects otherwise.

Assets in the Subaccounts are divided into Accumulation Units, which are accounting units of measure used to calculate the value of an Owner's interest in a Subaccount. When you allocate Purchase Payments to a Subaccount,

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your Contract is credited with Accumulation Units. The number of Accumulation Units to be credited is determined by dividing the dollar amount, including any Credit Enhancements, allocated to the particular Subaccount by the price for the Subaccount's Accumulation Units as of the end of the Valuation Period in which the Purchase Payment is credited.

In addition, other transactions such as full or partial withdrawals (including systematic withdrawals and withdrawals made to pay the fees of your investment adviser), transfers, and assessment of certain charges against the Contract affect the number of Accumulation Units attributable to a Contract. The number of units credited or debited in connection with any such transaction is determined by dividing the dollar amount of such transaction by the price of the Accumulation Unit of the affected Subaccount next determined after receipt of the transaction request (subject to any application requirements that the transaction be in good order, as described herein). The price of each Subaccount is determined on each Valuation Date as of the close of regular trading on the New York Stock Exchange, normally 3:00 p.m. Central time. Transactions (other than transfer requests, as described herein) received at or after that time on any Valuation Date will be effected at the Accumulation Unit value determined on the following Valuation Date. See "Purchase Payments" and "Full and Partial Withdrawals."

Requests to transfer Contract Value received at or after the applicable cut-off time will be effected at the Accumulation Unit value determined on the following Valuation Date. Normally, the cut-off time for transfer requests is 2:00 p.m. Central time. If regular trading on the New York Stock Exchange closes prior to 3:00 p.m. Central time, the cut-off time for transfer requests will be one hour prior to closing. See "Cut-Off Times." The price of each Subaccount may be determined earlier if trading on the New York Stock Exchange is restricted or as permitted by the SEC.

The number of Accumulation Units credited to a Contract shall not be changed by any subsequent change in the value of an Accumulation Unit, but the dollar value of an Accumulation Unit may vary from Valuation Date to Valuation Date depending upon the investment experience of the Subaccount and charges against the Subaccount.

The price of each Subaccount's units initially was $10. The price of a Subaccount on any Valuation Date takes into account the following: (1) the investment performance of the Subaccount, which is based upon the investment performance of the corresponding Underlying Fund, (2) any dividends or distributions paid by the corresponding Underlying Fund, (3) the charges, if any, that may be assessed by the Company for taxes attributable to the operation of the Subaccount, (4) the minimum mortality and expense risk charge under the Contract of 0.00% or 0.20% annually, and (5) the administration charge for that Subaccount, and (6) the deduction of the Underlying Fund's fees and expenses.

The minimum mortality and expense risk charge of 0.00% or 0.20% and the administration charge of 0.25% are factored into the Accumulation Unit value or "price" of each Subaccount on each Valuation Date. Each Subaccount declares a monthly subaccount adjustment and the Company deducts the Excess Charge from this monthly subaccount adjustment upon its reinvestment in the Subaccount. The Excess Charge is a percentage of your Contract Value allocated to the Subaccount as of the reinvestment date. The monthly subaccount adjustment is paid only for the purpose of collecting the Excess Charge. Assuming that you owe a charge above the minimum mortality and expense risk charge and the administration charge, your Contract Value will be reduced in the amount of your Excess Charge upon reinvestment of the Subaccount's monthly subaccount adjustment. The Company deducts the Excess Charge only upon reinvestment of the monthly subaccount adjustment and does not assess an Excess Charge upon a full or partial withdrawal from the Contract. The Company reserves the right to compute and deduct the Excess Charge from each Subaccount on each Valuation Date. See the Statement of Additional Information for a more detailed discussion of how the Excess Charge is deducted.

**Cut-Off Times —** We refer to the times by which financial transactions must be received to be processed on the current Valuation Date as "cut-off times." Any written, electronic, or telephonic transactions involving your Contract, other than requests to transfer Contract Value among the Subaccounts, must be received by us prior to any announced closing of regular trading on the New York Stock Exchange to be processed on the current Valuation Date. The New York Stock Exchange normally closes at 3:00 p.m. Central time, so financial transactions (other than transfers) normally must be received prior to 3:00 p.m. Central time. Financial transactions (other than transfers) received at or after the cut-off time will be processed on the following Valuation Date. Financial transactions include full and partial withdrawals (including systematic withdrawals and withdrawals to pay investment advisory fees), death benefit payments, and Purchase Payments.

Any request to transfer Contract Value among the Subaccounts, including those submitted by telephone, must be received by us no later than one hour prior to any announced closing of regular trading on the New York Stock Exchange to be processed on the current Valuation Date. This means transfer requests must normally be received by 2:00 p.m. Central time. Transfer requests received at or after the cut-off time will be processed on the following Valuation Date. The Company may extend the cut-off time to 15 minutes prior to any announced closing (generally

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2:45 p.m. Central time) for transfers submitted electronically through the Company's Internet web site. Internet functionality is available only to Owners who have authorized their financial representatives to make financial transactions on their behalf.

**Full and Partial Withdrawals —** An Owner may make a partial withdrawal of Contract Value or surrender the Contract for its Withdrawal Value. A full or partial withdrawal, including systematic withdrawals and withdrawals to pay investment advisory fees, may be taken from Contract Value at any time while the Owner is living and before the Annuity Start Date, subject to limitations under the applicable plan for Qualified Plans and applicable law. Withdrawals (other than systematic withdrawals or withdrawals to pay investment advisory fees) after the Annuity Start Date are permitted only under Annuity Options 5, 6 and 7 (and only if the Owner has elected variable annuity payments under Annuity Option 7). See "Annuity Period" for a discussion of withdrawals after the Annuity Start Date. A full or partial withdrawal request will be effective as of the end of the Valuation Period that it is received by the Company at its Administrative Office; however, if the request is received on a Valuation Date at or after the cut-off time (normally 3:00 p.m. Central time), the withdrawal will be effected at the Accumulation Unit value determined on the following Valuation Date. See "Cut-Off Times." In addition, a withdrawal will not be processed until it is in good order. In this regard, "good order" means that the withdrawal request is accompanied by a properly completed Withdrawal Request form (including the Owner's signature and, if applicable, the written consent of any effective assignee or irrevocable beneficiary).

The proceeds received upon a full withdrawal will be the Contract's Withdrawal Value. The Withdrawal Value is equal to the Contract Value as of the end of the Valuation Period during which the withdrawal is processed, less any applicable withdrawal charges (if the withdrawal is made from Purchase Payments that have been held in the Contract for less than five years and the Company issued the Contract with a 5-year withdrawal charge schedule) and any uncollected premium taxes to reimburse the Company for any tax on premiums on a Contract that may be imposed by various states and municipalities. See "Contingent Deferred Sales Charge" and "Premium Tax Charge." If the Extra Credit Rider is in effect, Contract Value will also be reduced by any Credit Enhancements that have not yet vested. See the discussion of vesting of Credit Enhancements under "Extra Credit." The Withdrawal Value during the Annuity Period for variable annuity payments (or a combination of variable and fixed annuity payments) under Annuity Option 7 is the present value of future annuity payments commuted at the assumed interest rate, less any applicable withdrawal charges and any uncollected premium taxes.

The Company requires the signature of all Owners on any request for withdrawal. The Company also requires a guarantee of all such signatures to effect the transfer or exchange of all of the Contract, or any part of the Contract in excess of $25,000, for another investment. The signature guarantee must be provided by an eligible guarantor, such as a bank, broker, credit union, national securities exchange or savings association. Notarization is not an acceptable form of signature guarantee. The Company further requires that any request to transfer or exchange all or part of the Contract for another investment be made upon a transfer form provided by the Company which is available upon request.

A partial withdrawal may be requested for a specified percentage or dollar amount of Contract Value. Each partial withdrawal must be at least $500 except systematic withdrawals discussed below and withdrawals to pay investment advisory fees. A request for a partial withdrawal (including systematic withdrawals and withdrawals to pay investment advisory fees) will result in a payment by the Company of the amount specified in the partial withdrawal request less any applicable withdrawal charge or premium tax charge and a percentage of any Credit Enhancements that have not yet vested. Any withdrawal charge on partial withdrawals (including systematic withdrawals and withdrawals to pay investment advisory fees) will be deducted from the requested payment amount as will any premium tax charge and/or a percentage of Credit Enhancements that have not yet vested. Alternatively, you may request that any withdrawal charge or premium tax charge and unvested Credit Enhancements be deducted from your remaining Contract Value, provided there is sufficient Contract Value available. Upon payment, your Contract Value will be reduced by an amount equal to the payment, or if you requested that any charges be deducted from your remaining Contract Value, your Contract Value also will be reduced by the amount of any such withdrawal charge or premium tax charge and a percentage of any Credit Enhancements that have not yet vested. See "Premium Tax Charge" and "Extra Credit."

If a partial withdrawal (other than a systematic withdrawal or a withdrawal to pay investment advisory fees) is requested after the first Contract Year that would leave the Withdrawal Value in the Contract less than $2,000 and no Purchase Payments have been paid for three years, the Company reserves the right to terminate the Contract and pay the Contract Value in one sum to the Owner. However, the Company will first notify the Owner that the Contract is subject to termination, and will only terminate the Contract if, after 90 days following the date of the notice, the Owner has not made any Purchase Payments to increase the Withdrawal Value to $2,000.

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The Company will deduct the amount of a partial withdrawal from the Contract Value in the Subaccounts, according to the Owner's instructions to the Company. If you do not specify the allocation, the Company will deduct the withdrawal in the same proportion that Contract Value is allocated among the Subaccounts.

A full or partial withdrawal, including a systematic withdrawal or a withdrawal to pay investment advisory fees, may result in receipt of taxable income to the Owner and, if made prior to the Owner attaining age 59½, may be subject to a 10% penalty tax. In the case of Contracts issued in connection with retirement plans that meet the requirements of Section 403(b) of the Internal Revenue Code, reference should be made to the terms of the particular Qualified Plan for any limitations or restrictions on withdrawals. If your Contract was issued pursuant to a 403(b) plan, we generally are required to confirm, with your 403(b) plan sponsor or otherwise, that surrenders or transfers you request comply with applicable tax requirements and to decline requests that are not in compliance. For more information, see "Restrictions on Withdrawals from Qualified Plans" and "Restrictions under the Texas Optional Retirement Program." The tax consequences of a withdrawal under the Contract should be carefully considered. See "Federal Tax Matters."

**Withdrawals to Pay Advisory Fees —** The deduction of advisory fees from your Contract Value is treated as a withdrawal under the Contract. No surrender charges will be assessed on a withdrawal to pay advisory fees and the deduction of advisory fees will not count toward the annual free withdrawal amount. Deductions from your Contract Value to pay advisory fees will reduce death benefits and any guaranteed benefit values, perhaps significantly.

Withdrawals to pay advisory fees may still be treated as withdrawals for tax purposes by the Company and/or the IRS. For Non-Qualified Contracts, all or a portion of the charges deducted from your Contract Value to pay advisory fees to a financial intermediary may be subject to federal and state income taxes and a 10% federal penalty tax. In a series of recent private letter rulings, the IRS has recognized that investment adviser fees may, in certain circumstances and subject to certain conditions, be deemed a part of a Non-Qualified Contract rather than a taxable distribution. We have received such a private letter ruling from the IRS and intend to tax report in accordance with that ruling.

A tax-free partial exchange may become taxable if an advisory fee is paid from your Contract Value within 180 days of the partial exchange. Consult your tax adviser for advice concerning tax-free partial exchanges and the impact of deducting advisory fees from your Contract Value.

**Systematic Withdrawals —** For no additional charge, the Company currently offers a feature under which you may select systematic withdrawals. Under this feature, an Owner may elect to receive systematic withdrawals while the Owner is living and before the Annuity Start Date by sending a properly completed Scheduled Systematic Withdrawal form to the Company at its Administrative Office. This option may be elected at any time. An Owner may designate the systematic withdrawal amount as a percentage of Contract Value allocated to the Subaccounts, as a fixed period, as level payments, as a specified dollar amount, as all earnings in the Contract, or based upon the life expectancy of the Owner or the Owner and a beneficiary. An Owner also may designate the desired frequency of the systematic withdrawals, which may be monthly, quarterly, semiannual or annual. The Owner may stop or modify systematic withdrawals upon proper written request received by the Company at its Administrative Office at least 30 days in advance of the requested date of termination or modification. A proper request must include the written consent of any effective assignee or irrevocable beneficiary, if applicable.

Each systematic withdrawal must be at least $100. Upon payment, your Contract Value will be reduced by an amount equal to the payment proceeds plus any applicable withdrawal charges and premium tax. Contract Value will also be reduced by a percentage of any Credit Enhancements that have not yet vested. See "Extra Credit."

If an Owner is enrolled in the Dollar Cost Averaging or Asset Reallocation Options, the Owner may not elect to receive systematic withdrawals from any Subaccount that is part of the Dollar Cost Averaging or Asset Reallocation Options.

In no event will the amount of a systematic withdrawal exceed the Contract Value less any applicable withdrawal charges, any uncollected premium taxes, and any reduction for Credit Enhancements that have not yet vested (the "Withdrawal Value"). **The Contract will automatically terminate if a systematic withdrawal causes the Contract's Withdrawal Value to equal zero.**

The Company will effect each systematic withdrawal as of the end of the Valuation Period during which the withdrawal is scheduled. The deduction caused by the systematic withdrawal, including any applicable withdrawal charge, will be allocated to your Contract Value in the Subaccounts, as you have directed. If you do not specify the allocation, the Company will deduct the systematic withdrawal in the same proportion that Contract Value is allocated among the Subaccounts.

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The Company may, at any time, discontinue, modify, suspend or charge a fee for systematic withdrawals. You should consider carefully the tax consequences of a systematic withdrawal, including the 10% penalty tax which may be imposed on withdrawals made prior to the Owner attaining age 59½. See "Restrictions on Withdrawals from Qualified Plans" and "Federal Tax Matters."

**Free-Look Right —** You may return a Contract within the Free-Look Period, which is generally a ten-day period beginning when you receive the Contract (60 days from the date of receipt if you are purchasing the Contact to replace another life insurance or annuity contract or with the proceeds of another such contract). Purchase Payments received during the Free-Look period will be allocated according to your instructions contained in the application or more recent instructions, if any. If you return your Contract during the Free-Look Period, the Company will then deem void the returned Contract and will refund to you Contract Value based upon the value of Accumulation Units next determined after we receive your Contract, plus any charges deducted from such Contract Value, less the Contract Value attributable to any Credit Enhancements. Because the Company will deduct the current value of any Credit Enhancements from the amount of Contract Value refunded to you, the Company will bear the investment risk associated with Credit Enhancements during the Free-Look Period.

**Death Benefit —** You should consider the following provisions carefully when choosing the Designated Beneficiary, Annuitant, any Joint Annuitant, and any Joint Owner, as well as before changing any of these parties. Naming different persons as Owner(s), Annuitant(s) and Designated Beneficiary(ies) can have important impacts on whether the death benefit is paid, and on who would receive it.

If an Owner dies prior to the Annuity Start Date while this Contract is in force, the Company will calculate the death benefit proceeds payable to the Designated Beneficiary as of the Valuation Date the Company receives due proof of the Owner's death and instructions regarding payment to the Designated Beneficiary. If there are Joint Owners, the death benefit proceeds will be calculated upon receipt of due proof of death of either Owner, and instructions regarding payment.

If the surviving spouse of the deceased Owner is the sole Designated Beneficiary, such spouse may elect to continue the Contract in force, subject to certain limitations. See "Distribution Requirements." If any Owner is not a natural person, the death benefit proceeds will be payable as of the date the Company receives due proof of death of the Annuitant prior to the Annuity Start Date and instructions regarding payment. If the death of an Owner occurs on or after the Annuity Start Date, any applicable death benefit will terminate at the Annuity Start Date without value. See "Annuity Options."

The death benefit proceeds will be the death benefit reduced by any uncollected premium tax. If an Owner dies (or the Annuitant dies, if any Owner is not a natural person) prior to the Annuity Start Date while this Contract is in force, the amount of the death benefit will be the Contract Value on the Valuation Date due proof of death and instructions regarding payment are received by the Company.

If you purchased the Return of Premium Death Benefit rider, your death benefit will be determined in accordance with the terms of the rider. **Please note that, under the rider, if we do not receive due proof of death and instructions regarding payment for each Designated Beneficiary at our Administrative Office within six months of the date of the Owner's death, the death benefit will be the Contract Value on the Valuation Date we receive due proof of death and instructions regarding payment, less any uncollected premium tax. See the discussion of the Return of Premium Death Benefit.** Your death benefit proceeds under the rider will be the death benefit reduced by any uncollected premium tax.

The death benefit proceeds will be paid to the Designated Beneficiary in a single sum or under one of the Annuity Options, as elected by the Designated Beneficiary. However, if the Owner has completed a restricted beneficiary designation form, the death benefit proceeds will be paid to the Designated Beneficiary in the manner specified on the form. If the Designated Beneficiary is to receive annuity payments under an Annuity Option, there may be limits under applicable law on the amount and duration of payments that the Beneficiary may receive, and requirements respecting timing of payments. Under a Qualified Contract, most non-spouse Designated Beneficiaries will be required to receive all proceeds within ten years. A tax adviser should be consulted in considering Annuity Options. See "Federal Tax Matters" and "Distribution Requirements" for a discussion of the tax consequences in the event of death.

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of 3 to 5 years from the Contract's Annuity Start Date or date the death benefit is due and payable. For example, if the payment of a death benefit has been triggered, but the Designated Beneficiary does not come forward to claim the death benefit in a timely manner, the death benefit will be paid to the abandoned property division or unclaimed property office of the state in which the Designated Beneficiary or the Owner last resided, as shown on our books and records, or to our state of domicile. This "escheatment" is revocable, however, and the state

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is obligated to pay the death benefit (without interest) if your Designated Beneficiary steps forward to claim the death benefit with the proper documentation. To prevent such escheatment, it is important that you update your Designated Beneficiary designations, including addresses, if and as they change. Such updates should be communicated in writing, or other approved means to our Administrative Office.

**<u>Example of the Impact of Advisory Fee Withdrawals on Contract Value and the Standard Death Benefit</u> <u>over Time.</u>** Assume:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The initial Purchase Payment is $100,000 and no additional Purchase Payments are added to the Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Contract Value grows at an annual rate of 3%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) An advisory fee withdrawal of $1,000 is taken each Contract Year at the end of the Contract Year.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Beginning of** <br> **Contract Year**<br>| **Contract Value** <br> **Prior to Advisory** <br> **Fee Withdrawal**<br>| **Advisory Fee** <br> **Withdrawal**<br>| **Contract Value** <br> **After Advisory Fee** <br> **Withdrawal**<br>| **Death Benefit** <br> **After Advisory Fee** <br> **Withdrawal**<br>|
| 1 | $100000.00 | $1000.00 | $102000.00 | $102000.00 |
| 2 | $102000.00 | $1000.00 | $104060.00 | $104060.00 |
| 3 | $104060.00 | $1000.00 | $106181.80 | $106181.80 |
| 4 | $106181.80 | $1000.00 | $108367.25 | $108367.25 |
| 5 | $108367.25 | $1000.00 | $110618.27 | $110618.27 |
| 6 | $110618.27 | $1000.00 | $112936.82 | $112936.82 |
| 7 | $112936.82 | $1000.00 | $115324.92 | $115324.92 |
| 8 | $115324.92 | $1000.00 | $117784.67 | $117784.67 |
| 9 | $117784.67 | $1000.00 | $120318.21 | $120318.21 |
| 10 | $120318.21 | $1000.00 | $122927.76 | $122927.76 |
| 11 | $122927.76 | $1000.00 | $125615.59 | $125615.59 |
| 12 | $125615.59 | $1000.00 | $128384.06 | $128384.06 |
| 13 | $128384.06 | $1000.00 | $131235.58 | $131235.58 |
| 14 | $131235.58 | $1000.00 | $134172.65 | $134172.65 |
| 15 | $134172.65 | $1000.00 | $137197.83 | $137197.83 |
| 16 | $137197.83 | $1000.00 | $140313.76 | $140313.76 |
| 17 | $140313.76 | $1000.00 | $143523.18 | $143523.18 |
| 18 | $143523.18 | $1000.00 | $146828.87 | $146828.87 |
| 19 | $146828.87 | $1000.00 | $150233.74 | $150233.74 |
| 20 | $150233.74 | $1000.00 | $153740.75 | $153740.75 |
| 21 | $153740.75 | $1000.00 | $157352.97 | $157352.97 |

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As the table above demonstrates, withdrawals to pay advisory fees taken over time will decrease the Contract Value. If the death benefit is equal to the Contract Value, such death benefit will also decrease as a result of withdrawals to pay advisory fees.

**Distribution Requirements —** The Contract provides that upon your death, a surviving spouse may have certain continuation rights that he or she may elect to exercise for the Contract's death benefit. All Contract provisions relating to spousal continuation are available only to a person who meets the definition of "spouse" under federal law. The U.S. Supreme Court has held that same-sex marriages must be permitted under state law and that marriages recognized under state law will be recognized for federal law purposes. Domestic partnerships and civil unions that are not recognized as legal marriages under state law, however, will not be treated as marriages under federal law. Consult a tax adviser for more information on this subject.

For Contracts issued in connection with a Non-Qualified Contract, if the surviving spouse of the deceased Owner is the sole Designated Beneficiary, such spouse may elect to continue this Contract in force until the earliest of the spouse's death or the Annuity Start Date or receive the death benefit proceeds. If the surviving spouse elects to continue the Contract, no death benefit will be paid and the Contract Value will not be adjusted to reflect the amount of any death benefit; provided, however, the Designated Beneficiary will be entitled to receive the death benefit proceeds in accordance with the terms of the Contract upon the death of the surviving spouse.

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For any Designated Beneficiary of a Non-Qualified Contract other than a surviving spouse, only those options may be chosen that provide for complete distribution of such Owner's interest in the Contract within five years of the death of the Owner. If the Designated Beneficiary is a natural person, that person alternatively can elect to begin receiving annuity payments within one year of the Owner's death over a period not extending beyond his or her life or life expectancy. If the Owner of the Contract is not a natural person, these distribution rules are applicable upon the death of or a change in the primary Annuitant.

For Contracts issued in connection with a Qualified Plan, the terms of the particular Qualified Plan and the Internal Revenue Code should be reviewed with respect to distributions following the death of the Owner or Annuitant. Because the rules applicable to Qualified Plans are extremely complex, a competent tax adviser should be consulted.

Please note that any death benefit we may pay in excess of the Contract Value is subject to our financial strength and claims-paying ability.

**Death of the Annuitant —** If the Annuitant dies prior to the Annuity Start Date, and the Owner is a natural person and is not the Annuitant, no death benefit proceeds will be payable under the Contract. The Owner may name a new Annuitant within 30 days of the Annuitant's death. If a new Annuitant is not named, the Company will designate the Owner as Annuitant. On the death of the Annuitant after the Annuity Start Date, any guaranteed payments remaining unpaid will continue to be paid to the Designated Beneficiary pursuant to the Annuity Option in force at the date of death.

**Benefits Under the Contract**

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**The following table summarizes information about the optional and standard benefits under the Contract that are currently available. Please note that this table does not fully describe the terms and conditions of each benefit. You should refer to the applicable sections of this Prospectus for additional information.**

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| | | | |
|:---|:---|:---|:---|
| **Standard Benefits** | **Standard Benefits** | **Standard Benefits** | **Standard Benefits** |
| **Name of** <br> **Benefit**<br>| **Purpose** | **Maximum** <br> **Fee**<br>| **Brief Description of Restrictions/Limitations** |
| Standard <br> Death Benefit<br>| Provides a death benefit equal to <br> the Contract Value.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>The death benefit will be reduced by any uncollected premium tax. |
| Dollar Cost <br> Averaging <br> Option<br>| Allows the systematic transfer of <br> a specified dollar amount or <br> percentage of Contract Value <br> among Subaccounts.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>The minimum amount that may be transferred to any one <br> Subaccount is $25.00.<br><sup>●</sup>The Company may discontinue, modify, or suspend Dollar Cost <br> Averaging at any time.<br><sup>●</sup>Transfers will be made until the total amount elected has been <br> transferred, or until Contract Value in the Subaccount from which <br> transfers are made has been depleted.<br><sup>●</sup>After termination of Dollar Cost Averaging for any reason, before <br> reinstating Dollar Cost Averaging, you must wait at least one month <br> if transfers were monthly, at least one quarter if transfers were <br> quarterly, at least six months if transfers were semiannual, and at <br> least one year if transfers were annual.<br>|
| Asset <br> Reallocation <br> Option<br>| Authorizes the Company to <br> automatically transfer Contract <br> Value on a monthly, quarterly, <br> semiannual or annual basis to <br> maintain a particular percentage <br> allocation among the <br> Subaccounts.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>The Company may discontinue, modify, or suspend the Asset <br> Reallocation Option at any time.<br>|
| Automatic <br> Investment <br> Program<br>| A program pursuant to which <br> Purchase Payments are <br> automatically paid from your bank <br> account on a specified day of <br> each month or a salary reduction <br> agreement.<br>| There is no <br> charge for this <br> option.<br>| <sup>●</sup>The minimum subsequent Purchase Payment if you elect an <br> Automatic Investment Program is reduced to $50.<br>|

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| | | |
|:---|:---|:---|
| **Standard Benefits** | **Standard Benefits** | **Standard Benefits** |
| **Name of** <br> **Benefit**<br>| **Purpose** | **Maximum** <br> **Fee**<br>|
| Systematic <br> Withdrawals<br>| Allows you to set up periodic <br> automatic payments of a certain <br> percentage or dollar amount of <br> your Contract Value.<br>| There is no <br> charge for this <br> option.<br><sup>●</sup>Each payment must be at least $100 (unless we consent <br> otherwise).<br><sup>●</sup>Withdrawals may be subject to income tax and penalties.<br> <sup>●</sup>If an Owner is enrolled in the Dollar Cost Averaging or Asset <br> Reallocation Options, the Owner may not elect to receive <br> systematic withdrawals from any Subaccount that is part of the <br> Dollar Cost Averaging or Asset Reallocation Options.<br>|

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| | | |
|:---|:---|:---|
| **Optional Benefits** | **Optional Benefits** | **Optional Benefits** |
| **Name of** <br> **Benefit**<br>| **Purpose** | **Maximum** <br> **Fee (as a** <br> **percentage** <br> **of Contract** <br> **Value)**<br>|
| Return of <br> Premium <br> Death Benefit<br>| Provides an enhanced death <br> benefit upon the death of the <br> Owner or any Joint Owner prior to <br> the Annuity Start Date.<br>| 0.10%<br> <sup>●</sup>The rider is only available at issue. You cannot change or cancel <br> the rider after it has been issued.<br><sup>●</sup>We will reduce the death benefit offered under this rider by any <br> uncollected premium tax and if the Extra Credit Rider was in effect, <br> any Credit Enhancements applied during the 12 months preceding <br> the Owner's date of death (unless the death benefit is the Contract <br> Value).<br><sup>●</sup>If we do not receive due proof of death and instructions regarding <br> payment for each Designated Beneficiary at our Administrative <br> Office within six months of the date of the Owner's death, the <br> death benefit will be the Contract Value on the Valuation Date we <br> receive due proof of death and instructions regarding payment, <br> less any uncollected premium tax.<br><sup>●</sup>The Owner and any Joint Owner must be 80 or younger on the <br> Contract Date.<br><sup>●</sup>Withdrawals (including withdrawals to pay advisory fees) reduce <br> the benefit proportionately. **This means withdrawals could** <br> **significantly reduce the benefit by substantially more than the** <br> **actual amount of the withdrawal, or even terminate the benefit.**<br>|
| Extra Credit | Provides a Credit Enhancement <br> equal to 3% of Purchase <br> Payments, which will be added to <br> the Contract Value for each <br> Purchase Payment made in the <br> first Contract Year.<br>| 0.40%<br> <sup>●</sup>If Purchase Payments are made in subsequent Contract Years, the <br> charge for this benefit will increase proportionately in relation to <br> those Purchase Payments and no additional Credit Enhancement <br> will be applied.<br><sup>●</sup>The rider is only available at issue. You cannot change or cancel <br> the rider after it has been issued.<br><sup>●</sup>You may not select an Annuity Start Date prior to seven years from <br> the effective date of the rider.<br><sup>●</sup>Credit Enhancements are not fully vested until the seventh Contract <br> anniversary. Until that date, all or a portion of the Credit <br> Enhancement(s) will be forfeited under certain circumstances.<br><sup>●</sup>Available only if the Owner was age 80 or younger on the Contract <br> Date.<br>|

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**Optional Riders —** Upon your application for the Contract, you may select one or both of the following riders:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Return of Premium Death Benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

Extra Credit at 3%.

The Company makes each rider available only at issue. You cannot change or cancel the rider(s) that you select after they are issued. See a detailed description of each rider below.

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**Return of Premium Death Benefit —** For an additional charge, as reflected in the Fee Table, under this rider, we will pay an enhanced death benefit upon the death of the Owner or any Joint Owner prior to the Annuity Start Date. If the rider is not purchased, the death benefit will be the Contract Value on the Valuation Date we receive due proof of death and instructions regarding payment for each Designated Beneficiary. See the discussion under "Death Benefit."

Please note that any amount that we may pay or make available under the Return of Premium Death Benefit rider that is in excess of Contract Value is subject to our financial strength and claims-paying ability.

How do you calculate the death benefit? On the Valuation Date we receive due proof of death and instructions regarding payment for each Designated Beneficiary, the death benefit equals the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The sum of all Purchase Payments (**not** including any Credit Enhancements) less an adjustment for any withdrawals and withdrawal charges (including systematic withdrawals and withdrawals to pay investment advisory fees).

In the event of a withdrawal (including a systematic withdrawal or a withdrawal to pay investment advisory fees), we reduce your Return of Premium Death Benefit as last adjusted for any prior withdrawal in the same proportion that the withdrawal reduces Contract Value immediately prior to the withdrawal. **This means if you make a withdrawal when your Contract Value is less than your total Purchase Payments, your Return of Premium Death Benefit will be reduced by an amount that is greater than the dollar amount of your withdrawal.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

For example, if you have made Purchase Payments totaling $100,000 and your Contract Value has dropped to $60,000, your death benefit is $100,000 so long as you have not taken any withdrawals. If, however, you take a $10,000 withdrawal (including a withdrawal to pay advisory fees), then we will reduce your total Purchase Payments proportionately to equal $83,333 ($100,000 x (1-$10,000 / $60,000). After the withdrawal, your death benefit is $83,333. *Note that your death benefit decreased by more than the dollar amount of your withdrawal.*

See the next question for information on potential reductions in the amount of the death benefit to collect any premium tax due.

**Will there be any adjustments to the enhanced death benefit?** We will reduce the death benefit offered under this rider by any uncollected premium tax, and, if the Extra Credit Rider was in effect, any Credit Enhancements applied during the 12 months preceding the Owner's date of death (however, if the death benefit is 1 above, we will not reduce the death benefit by any Credit Enhancements).

**Note: If we do not receive due proof of death and instructions regarding payment for each Designated Beneficiary at our Administrative Office within six months of the date of the Owner's death, the death benefit will be the Contract Value on the Valuation Date we receive due proof of death and instructions regarding payment, less any uncollected premium tax.**

**Are there age restrictions on purchasing this rider?** The Owner and any Joint Owner must be 80 or younger on the Contract Date. See the discussion under "Death Benefit."

**Extra Credit —** For an additional charge, as reflected in the Fee Table, under this rider, we will add a bonus, or "Credit Enhancement," to your Contract Value equal to 3% of each Purchase Payment you make during the first Contract Year.

**<u>Example of the Credit Enhancement Applied to Initial and Subsequent Purchase Payments.</u>** Assume:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Owner purchased the Contract with the Extra Credit Rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The initial Purchase Payment is $100,000.

The amount of the Credit Enhancement added to the Contract Value would be $3,000 ($100,000 x 3%). Thus, the Contract Value at issue would be $103,000.

Six months later the Owner makes a Purchase Payment of $50,000. The additional Purchase Payment will increase the Contract Value by $51,500, the amount of the $50,000 Purchase Payment plus $1,500 ($50,000 x 3%).

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There are several important points for you to consider before purchasing this rider:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

As discussed below, we will recapture all or part of any Credit Enhancement that has not yet vested if you make a full or partial withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

We may exclude all or part of any Credit Enhancements from death benefit proceeds. See "Death Benefit" and "Return of Premium Death Benefit."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

If you elect this rider, you must select an Annuity Start Date that is at least seven years after the effective date of the rider. This rider may not be appropriate for you if you want to annuitize sooner or if you are over age 63 at issue and will be required to annuitize the Contract at age 70½ to meet federal minimum distribution requirements for IRAs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

We expect to make a profit from the charge for this rider, and we pay for the Credit Enhancements through the rider charge and recapture of Credit Enhancements under the vesting schedule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

We will allocate any Credit Enhancement among the Subaccounts in the same proportion as your Purchase Payment.

**What happens if I return the Contract?** If you exercise your right to return the Contract during the Free-Look period, we will reduce your Contract Value by the value of any Credit Enhancements applied. See "Free-Look Right."

**What happens if I make withdrawals?** If you make a full or partial withdrawal, we will recapture all or part of any Credit Enhancement that has not yet "vested." An amount equal to 1/7 of each Credit Enhancement will vest as of each Contract anniversary and the Credit Enhancement will be fully vested at the end of seven Contract Years.

We will recapture Credit Enhancements on withdrawals only to the extent that total withdrawals in a Contract Year, including systematic withdrawals, exceed the Free Withdrawal amount available under the Contract. In addition, the Company does not recapture Credit Enhancements on withdrawals made to pay the fees of your registered investment adviser, provided that your adviser has entered into a variable annuity adviser agreement with the Company. See "Contingent Deferred Sales Charge."

The amount we will recapture upon withdrawal is equal to a percentage of the Credit Enhancement that has not yet vested. As of the date of the withdrawal, this percentage equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The amount of the withdrawal, including any withdrawal charges, less the Free Withdrawal amount, divided by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Contract Value immediately prior to the withdrawal.

**<u>Example of Credit Enhancement Vesting and Recapture upon Withdrawal in Excess of the Free</u> <u>Withdrawal Amount.</u>** Assume:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Owner purchased the Contract with the Extra Credit Rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The initial Purchase Payment is $175,000.

The amount of the Credit Enhancement added to the Contract Value would be $5,250 ($175,000 x 3%). Thus, the Contract Value at issue would be $180,250.

An amount equal to 1/7 of the Credit Enhancement vests each Contract anniversary, and the Credit Enhancement is fully vested seven years from the date the Contract was issued. Assuming no withdrawals in excess of the free withdrawal amount are taken during the first seven Contract Years, the table below shows how the $5,250 Credit Enhancement vests each year:

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| | | |
|:---|:---|:---|
| **Beginning of** <br> **Contract Year**<br>| &nbsp;&nbsp; **Vested Credit** <br> **Enhancement**<br>| &nbsp;&nbsp; **Unvested Credit** <br> **Enhancement**<br>|
| 1 | $0.00 | $5250 |
| 2 | $750 | $4500 |
| 3 | $1500 | $3750 |
| 4 | $2250 | $3000 |
| 5 | $3000 | $2250 |
| 6 | $3750 | $1500 |
| 7 | $4500 | $750 |

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| | | |
|:---|:---|:---|
| **Beginning of** <br> **Contract Year**<br>| &nbsp;&nbsp; **Vested Credit** <br> **Enhancement**<br>| &nbsp;&nbsp; **Unvested Credit** <br> **Enhancement**<br>|
| 8 | $5250 | $0.00 |

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Due to negative market performance, in Contract Year 3, the Contract Value is $100,000, and the free withdrawal amount is $10,000. The Owner requests a withdrawal of $20,000, $10,000 more than the free withdrawal amount. The Credit Enhancement recapture is calculated as follows:

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| | | |
|:---|:---|:---|
| (Withdrawal Amount - Free Withdrawal Amount) | x | &nbsp;&nbsp; Unvested Credit<br> Enhancement |
| (Contract Value Prior to Withdrawal - Unvested Credit Enhancement) | x | &nbsp;&nbsp; Unvested Credit<br> Enhancement |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($20000 - $10000) | x | $3750 | = | $389.61 |
| ($100000 - $3750) | x | $3750 | = | $389.61 |

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**How do I know if this rider is right for me?** The Extra Credit Rider would make sense for you only if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

you do not expect to make Purchase Payments to the Contract after the first Contract Year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

you expect your average annual return (net of expenses of the Contract and the Underlying Funds) to exceed -5.00%.

This return represents the amount that must be earned each year during the seven-year period beginning on the Contract Date to break even on the rider. The return is net of Contract and Underlying Fund expenses. This means that you would need to earn the return above plus the amount of applicable expenses to break even on the rider.

The rate of return assumes that all Purchase Payments are made during the first Contract Year when the Credit Enhancement is applied to Purchase Payments. If Purchase Payments are made in subsequent Contract Years, the applicable rider charge will increase in correlation to Purchase Payments and no offsetting Credit Enhancement will be available. As a result, the rate of return required to break even would be higher.

What this all means is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

if your actual returns are greater than the amount set forth above and you make no Purchase Payments after the first Contract Year, you will profit from the purchase of the rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

if your actual returns are less, or if you make additional Purchase Payments after the first Contract Year, you will be worse off than if you had not purchased the rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>●</sup>

The Internal Revenue Code generally requires that interests in a Qualified Contract be nonforfeitable, and it is unclear whether the Credit Enhancement feature is consistent with those requirements. Consult a tax advisor before purchasing this rider as part of a Qualified Contract.

**Are there age restrictions on purchasing this rider?** The Owner must be 80 or younger on the Contract Date.

**Rider Available for Purchase Only Prior to February 1, 2010** — A rider previously offered with the Contract is no longer available for purchase. Please refer to **Appendix B – Rider Available For Purchase Only Prior To February 1, 2010** for a description of this rider.

**Annuity Period**

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**General —** You select the Annuity Start Date at the time of application. The Annuity Start Date may not be prior to the first Contract anniversary and may not be deferred beyond the Annuitant's 90th birthday, although the terms of a Qualified Plan and the laws of certain states may require that you start annuity payments at an earlier age. If you do not select an Annuity Start Date, the Annuity Start Date will be the later of the Annuitant's 70th birthday or the tenth Contract anniversary. If you do not select an Annuity Option, annuity payments will not begin until you make a selection, which may be after the Annuity Start Date. Any applicable death benefit will terminate at the Annuity Start Date without value. See "Selection of an Option." If there are Joint Annuitants, the birthdate of the older Annuitant will be used to determine the latest Annuity Start Date.

On the Annuity Start Date, the proceeds under the Contract will be applied to provide an annuity under one of the options described below. Each option is available in two forms—either as a variable annuity for use with the Subaccounts or as a fixed annuity. A combination variable and fixed annuity is also available. Variable annuity payments will fluctuate with the investment performance of the applicable Subaccounts while fixed annuity payments

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will not. The proceeds under the Contract will be equal to your Contract Value as of the Annuity Start Date, reduced by any applicable premium taxes.

The Contract currently provides for six Annuity Options. The Company may make other Annuity Options available upon request. The Company may discontinue the availability of one or more of these options at any time but will always offer a variable annuity option. Annuity payments are based upon annuity rates that vary with the Annuity Option selected. In the case of Annuity Options 1 through 4 and 6, the annuity rates will vary based on the age and sex of the Annuitant, except that unisex rates are available where required by law. The annuity rates reflect the Annuitant's life expectancy based upon the Annuitant's age as of the Annuity Start Date and the Annuitant's gender, unless unisex rates apply. The annuity rates are based upon the 1983(a) mortality table with mortality improvement under projection scale G for 45 years and are adjusted to reflect an assumed interest rate of 3.5%, compounded annually, for the variable annuity.

Annuity Options 1 through 4 and 6 provide for payments to be made during the lifetime of the Annuitant. Annuity payments under such options cease in the event of the Annuitant's death, unless the option provides for a guaranteed minimum number of payments, for example a life income with guaranteed payments of 5, 10, 15 or 20 years. The level of annuity payments will be greater for shorter guaranteed periods and less for longer guaranteed periods. Similarly, payments will be greater for life annuities than for joint and survivor annuities, because payments for life annuities are expected to be made for a shorter period.

You may elect to receive annuity payments on a monthly, quarterly, semiannual, or annual basis (note that less frequent payments will result in a larger payment amount, assuming the same amount is applied to purchase the annuity), although no payments will be made for less than $20. If the Company refuses to make payments of less than $20, the Company reserves the right to permit surrender of the Contract with no withdrawal charges in lieu of making such payments.

You may designate or change an Annuity Start Date, Annuity Option, or Annuitant, provided proper written notice is received by the Company at its Administrative Office at least 30 days prior to the Annuity Start Date set forth in the Contract. The date selected as the new Annuity Start Date must be at least 30 days after the date written notice requesting a change of Annuity Start Date is received at the Company's Administrative Office.

Once annuity payments have commenced under Annuity Options 1 through 4 and 6, an Annuitant or Owner cannot change the Annuity Option and cannot make partial withdrawals or surrender his or her annuity for the Withdrawal Value. An Owner also cannot change the Annuity Option or make partial withdrawals or surrender his or her annuity for the Withdrawal Value if he or she has elected fixed annuity payments under Annuity Option 5.

If an Owner has elected variable annuity payments or a combination of variable and fixed annuity payments under Annuity Option 5, an Owner may elect to withdraw the present value of future annuity payments, commuted at the assumed interest rate, subject to a reduction for any applicable withdrawal charges and any uncollected premium tax. However, the Owner cannot take systematic withdrawals or make withdrawals to pay the fees of an investment adviser. If the Owner elects a partial withdrawal under Annuity Option 5, future variable annuity payments will be reduced as a result of such withdrawal. The Company will make payment in the amount of the partial withdrawal requested and will reduce the amount of future annuity payments by a percentage that is equal to the ratio of (i) the partial withdrawal, plus any applicable withdrawal charges and any uncollected premium tax, over (ii) the present value of future annuity payments, commuted at the assumed interest rate. The number of Annuity Units used in calculating future variable annuity payments is reduced by the applicable percentage. The tax treatment of partial withdrawals taken after the Annuity Start Date is uncertain. Consult a tax advisor before requesting a withdrawal after the Annuity Start Date. The Owner may not make systematic withdrawals under Annuity Option 5. See "Value of Variable Annuity Payments: Assumed Interest Rate" for more information with regard to how the Company calculates variable annuity payments.

An Owner or Annuitant may transfer Contract Value among the Subaccounts during the Annuity Period, as was available during the accumulation phase, if variable annuity payments have been selected.

The Contract specifies annuity tables for the Annuity Options described below. The tables contain the guaranteed minimum dollar amount (per $1,000 applied) of the first annuity payment for a variable annuity and each annuity payment for a fixed annuity.

**Annuity Options —**

**Option 1 — Life Income.** Periodic annuity payments will be made during the lifetime of the Annuitant. It is possible under this Option for any Annuitant to receive only one annuity payment if the Annuitant's death occurred prior to the due date of the second annuity payment, two if death occurred prior to the due date of the third annuity payment, etc. **There is no minimum number of payments guaranteed under this option. Payments will cease upon the death of the Annuitant regardless of the number of payments received.**

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**Option 2 — Life Income with Guaranteed Payments of 5, 10, 15 or 20 Years.** Periodic annuity payments will be made during the lifetime of the Annuitant with the promise that if, at the death of the Annuitant, payments have been made for less than a stated period, which may be five, ten, fifteen or twenty years, as elected by the Owner, annuity payments will be continued during the remainder of such period to the Designated Beneficiary. Upon the Annuitant's death after the period certain, no further annuity payments will be made.

**Option 3 — Life with Installment or Unit Refund Option.** Periodic annuity payments will be made during the lifetime of the Annuitant with the promise that, if at the death of the Annuitant, the number of payments that has been made is less than the number determined by dividing the amount applied under this Annuity Option by the amount of the first payment, annuity payments will be continued to the Designated Beneficiary until that number of payments has been made. For example, if the Annuity start amount was $100,000 and the calculated monthly annuity payment was $550, 182 payments ($100,000 / $550) would be guaranteed for the life of the Annuitant. This means if the Annuitant dies before 182 payments have been made, the remaining annuity payments will be continued to the Designated Beneficiary.

**Option 4 —**

**A. Joint and Last Survivor.** Annuity payments will be made as long as either Annuitant is living. Upon the death of one Annuitant, annuity payments continue to the surviving Annuitant at the same or a reduced level of 75%, 66 2/3% or 50% of annuity payments as elected by the Owner at the time the Annuity Option is selected. With respect to fixed annuity payments, the amount of the annuity payment, and with respect to variable annuity payments, the number of Annuity Units used to determine the annuity payment, is reduced as of the first annuity payment following the Annuitant's death. It is possible under this Option for only one annuity payment to be made if both Annuitants died prior to the second annuity payment due date, two if both died prior to the third annuity payment due date, etc. As in the case of Annuity Option 1, there is no minimum number of payments guaranteed under this Annuity Option 4A. Payments cease upon the death of the last surviving Annuitant, regardless of the number of payments received.

**B. Joint and Last Survivor with Guaranteed Payments of 5, 10, 15 or 20 Years.** You may also select Annuity Option 4 with guaranteed payments. Annuity payments will be made as long as either Annuitant is living. Upon the death of one Annuitant, annuity payments continue to the surviving Annuitant at the same level with the promise that if, at the death of both Annuitants, payments have been made for less than a stated period, which may be five, ten, fifteen or twenty years, as elected by the Owner, annuity payments will be continued during the remainder of such period to the Designated Beneficiary. Upon the last death of the Annuitants after the period certain, no further annuity payments will be made.

**Option 5 — Period Certain.** Periodic annuity payments will be made for a stated period, which may be 5, 10, 15 or 20 years, as elected by the Owner. Annuity Payments are calculated on the basis of Annuity Units. If the Annuitant dies prior to the end of the period, the remaining payments will be made to the Designated Beneficiary.

**Option 6 — Joint and Contingent Survivor Option.** Periodic annuity payments will be made during the life of the primary Annuitant. Upon the death of the primary Annuitant, payments will be made to the contingent Annuitant during his or her life. If the contingent Annuitant is not living upon the death of the primary Annuitant, no payments will be made to the contingent Annuitant. It is possible under this Option for only one annuity payment to be made if both Annuitants died prior to the second annuity payment due date, two if both died prior to the third annuity payment due date, etc. As in the case of Annuity Options 1 and 4A, there is no minimum number of payments guaranteed under this Option. Payments cease upon the death of the last surviving Annuitant, regardless of the number of payments received.

**Value of Variable Annuity Payments: Assumed Interest Rate.** The annuity tables in the Contract which are used to calculate variable annuity payments for the Annuity Options are based on an "assumed interest rate" of 3½%, compounded annually. Variable annuity payments generally increase or decrease from one annuity payment date to the next based upon the performance of the applicable Subaccounts during the interim period adjusted for the assumed interest rate. If the performance of the Subaccount selected is equal to the assumed interest rate, the annuity payments will remain constant. If the performance of the Subaccounts is greater than the assumed interest rate, the annuity payments will increase and if it is less than the assumed interest rate, the annuity payments will decline. A higher assumed interest rate would mean a higher initial annuity payment but the amount of the annuity payment would increase more slowly in a rising market (or the amount of the annuity payment would decline more rapidly in a declining market). A lower assumption would have the opposite effect.

The Company calculates variable annuity payments using Annuity Units. The value of an Annuity Unit for each Subaccount is determined as of each Valuation Date and was initially $1.00. The Annuity Unit value of a Subaccount as of any subsequent Valuation Date is determined by adjusting the Annuity Unit value on the previous Valuation Date for (1) the interim performance of the corresponding Underlying Fund; (2) any dividends or distributions paid by the corresponding Underlying Fund; (3) the mortality and expense risk and administration charges; (4) the charges, if

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any, that may be assessed by the Company for taxes attributable to the operation of the Subaccount; and (5) the assumed interest rate.

The Company determines the number of Annuity Units used to calculate each variable annuity payment as of the Annuity Start Date. As discussed above, the Contract specifies annuity rates for the Annuity Options for each $1,000 applied to an Annuity Option. The proceeds under the Contract as of the Annuity Start Date are divided by $1,000 and the result is multiplied by the rate per $1,000 specified in the annuity tables to determine the initial annuity payment for a variable annuity and the guaranteed monthly annuity payment for a fixed annuity.

On the Annuity Start Date, the Company divides the initial variable annuity payment by the value as of that date of the Annuity Unit for the applicable Subaccount to determine the number of Annuity Units to be used in calculating subsequent annuity payments. If variable annuity payments are allocated to more than one Subaccount, the number of Annuity Units will be determined by dividing the portion of the initial variable annuity payment allocated to a Subaccount by the value of that Subaccount's Annuity Unit as of the Annuity Start Date. The initial variable annuity payment is allocated to the Subaccounts in the same proportion as the Contract Value is allocated as of the Annuity Start Date. The number of Annuity Units will remain constant for subsequent annuity payments, unless the Owner transfers Annuity Units among Subaccounts or makes a withdrawal under Annuity Option 5.

Subsequent variable annuity payments are calculated by multiplying the number of Annuity Units allocated to a Subaccount by the value of the Annuity Unit as of the date of the annuity payment. If the annuity payment is allocated to more than one Subaccount, the annuity payment is equal to the sum of the payment amount determined for each Subaccount.

**Selection of an Option —** You should carefully review the Annuity Options with your financial or tax adviser. If you have questions about the calculation of the payment amount under a particular Annuity Option, you can contact the Company at 1-800-888-2461. For Contracts used in connection with a Qualified Plan, reference should be made to the terms of the particular Qualified Plan and the requirements of the Internal Revenue Code for pertinent limitations respecting annuity payments and other matters. For instance, Qualified Plans generally require that distributions begin no later than April 1 of the calendar year following the year in which the Annuitant reaches their "applicable age" as defined in the Code. If the Annuitant attains age 72 after 2022 and age 73 before 2033, their applicable age is 73. If Annuitant attains age 74 after 2032, their applicable age is 75. In addition, under a Qualified Plan, not all Annuity Options will satisfy required minimum distribution rules, particularly as those rules apply to your beneficiary after your death. Beginning with Owner deaths occurring on or after January 1, 2020, subject to certain exceptions, most non-spouse beneficiaries must complete distributions within ten years of the Owner's death in order to satisfy required minimum distribution rules. Consult a tax adviser before electing an Annuity Option. The Company does not allow the Annuity Start Date to be deferred beyond the Annuitant's 95th birthday.

**More About the Contract**

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**Ownership —** The Owner is the person named as such in the application or in any later change shown in the Company's records. While living, the Owner alone has the right to receive all benefits and exercise all rights that the Contract grants or the Company allows. The Owner may be an entity that is not a living person such as a trust or corporation referred to herein as "Non-natural Persons." See "Federal Tax Matters."

**Joint Owners.** The Joint Owners will be joint tenants with rights of survivorship and upon the death of an Owner, the surviving Owner shall be the sole Owner. Any Contract transaction requires the signature of all persons named jointly.

**Designation and Change of Beneficiary —** The Designated Beneficiary is the person having the right to the death benefit, if any, payable upon the death of the Owner or Joint Owner prior to the Annuity Start Date. The Designated Beneficiary is the first person on the following list who, if a natural person, is alive on the date of death of the Owner or the Joint Owner: the Owner; the Joint Owner; the Primary Beneficiary; the Secondary Beneficiary; the Annuitant; or if none of the above are alive, the Owner's estate. The Primary Beneficiary is the individual named as such in the application or any later change shown in the Company's records. The Primary Beneficiary will receive the death benefit of the Contract only if he or she is alive on the date of death of both the Owner and any Joint Owner prior to the Annuity Start Date. Because the death benefit of the Contract goes to the first person on the above list who is alive on the date of death of any Owner, careful consideration should be given to the manner in which the Contract is registered, as well as the designation of the Primary Beneficiary. The Owner may change the Primary Beneficiary at any time while the Contract is in force by written request on forms provided by the Company and received by the Company at its Administrative Office. The change will not be binding on the Company until it is received and recorded at its Administrative Office. The change will be effective as of the date this form is signed

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subject to any payments made or other actions taken by the Company before the change is received and recorded. A Secondary Beneficiary may be designated. The Owner may designate a permanent Beneficiary whose rights under the Contract cannot be changed without his or her consent.

Reference should be made to the terms of a particular Qualified Plan and any applicable law for any restrictions or limitations on the designation of a Beneficiary. Some qualified plans do not allow the designation of any primary beneficiary other than a spouse unless the spouse consents to such designation and the consent is witnessed by a plan representative or a notary public. Not all Annuity Options will satisfy required minimum distribution rules for every Beneficiary.

**Dividends —** The Contract does not share in the surplus earnings of the Company, and no dividends will be paid.

**Payments from the Separate Account —** The Company generally will pay any full or partial withdrawal (including systematic withdrawals and withdrawals to pay investment advisory fees) or death benefit proceeds from Contract Value allocated to the Subaccounts within seven days after a proper request is received at the Company's Administrative Office. However, the Company can postpone such a payment from the Subaccounts to the extent permitted under applicable law, which is currently permissible only for any period:

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During which the NYSE is closed other than customary weekend and holiday closings,

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During which trading on the NYSE is restricted as determined by the SEC,

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During which an emergency, as determined by the SEC, exists as a result of which (i) disposal of securities held by the Separate Account is not reasonably practicable, or (ii) it is not reasonably practicable to determine the value of the assets of the Separate Account, or

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For such other periods as the SEC may by order permit for the protection of investors.

The Company reserves the right to delay payments of any full or partial withdrawal until all of your Purchase Payment checks have been honored by your bank.

**Proof of Age and Survival —** The Company may require proof of age or survival of any person on whose life annuity payments depend.

**Misstatements —** If you misstate the age or sex of an Annuitant or Owner, the correct amount paid or payable by the Company under the Contract shall be such as the Contract Value would have provided for the correct age or sex (unless unisex rates apply).

**Business Disruption and Cybersecurity Risks —** We rely on technology, including interconnected computer systems and data storage networks and digital communications, to conduct our variable product business activities. Because our variable product business is highly dependent upon the effective operation of our computer systems and those of our service providers and other business partners, our business is vulnerable to disruptions from utility outages, and susceptible to operational and information security risks resulting from information systems failure (e.g., hardware and software malfunctions) and cyber-attacks. Cyber-attacks may be systemic (e.g. affecting the internet, cloud services, or other infrastructure) or targeted (e.g. failures in or breach of our systems or those of third parties on whom we rely, including ransomware and malware attacks).

Cybersecurity risks include, but are not limited to, the loss, theft, misuse, corruption, and destruction of data maintained online or digitally, interference with or denial of service, attacks on our website (or the websites of third parties on whom we rely), disruption of routine business operations, and unauthorized release of confidential customer information. The risk of cyber-attacks may be higher during periods of geopolitical turmoil (such as the recent military conflict between the United States and Iran, and the Russian invasion of Ukraine and the responses by the United States and other governments). Due to the increasing sophistication of cyber-attacks, a cybersecurity breach could occur and persist for an extended period of time without detection.

Systems failures and cybersecurity incidents affecting us, our affiliates, the Underlying Funds, intermediaries, service providers, and other third parties on whom we rely may adversely affect your contract value and interfere with our ability to process contract transactions and calculate contract values. Systems failures and cybersecurity breaches may cause us to be unable to process orders from our website or with the Underlying Funds, cause us to be unable to calculate unit values and/or the Underlying Funds to be unable to calculate share values, cause the release or possible destruction of confidential customer and/or business information, impede order processing or

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cause other operational issues, subject us and our service providers and intermediaries to regulatory fines, litigation, and financial losses, and/or cause reputational damage. Cybersecurity risks may also impact the issuers of securities in which the Underlying Funds invest, which may cause the Underlying Funds to lose value.

The preventative actions we take to reduce the frequency and severity of cybersecurity incidents and protect our computer systems may be insufficient to prevent a cybersecurity breach from impacting our operations or your contract value. There can be no assurance that we or the Underlying Funds or our service providers and intermediaries will be able to avoid cybersecurity breaches affecting your contract.

In addition, we are also exposed to risks related to natural and man-made disasters including, but not limited to, storms, fires, floods, earthquakes, public health crises, malicious acts, and terrorist acts, which could adversely affect our ability to conduct business. A natural or man-made disaster, including a pandemic (such as COVID-19), could affect the ability of our employees or the employees of our service providers to perform their job responsibilities. They could interfere with our processing of contract transactions, including processing orders from Owners and orders with the Underlying Funds, impact our ability to calculate contract value, or have other adverse impacts on our operations. These events may also negatively affect the our service providers and intermediaries, the Underlying Funds and the issuers of securities in which the Underlying Funds invest, which may cause the Underlying Funds to lose value. There can be no assurance that we or the Underlying Funds or our service providers and intermediaries will be able to avoid negative impacts associated with natural and man-made disasters.

**Restrictions on Withdrawals from Qualified Plans —** Section 403(b) imposes restrictions on certain distributions from tax-sheltered annuity contracts meeting the requirements of Section 403(b). Section 403(b) requires that distributions from Section 403(b) tax-sheltered annuities that are attributable to employee contributions made after December 31, 1988 under a salary reduction agreement begin only after the employee (i) reaches age 59½, (ii) has a severance from employment, (iii) dies, (iv) becomes disabled, or (v) incurs a hardship. Furthermore, effective for plan years beginning in 2024, distributions of employee elective deferrals, qualified nonelective contributions, qualified matching contributions, and gains attributable to such contributions may now be made on account of hardship. Under prior provisions, distributions on account of hardship generally were limited to amounts attributable to employee elective deferrals. Hardship, for this purpose, is generally defined as an immediate and heavy financial need, such as paying for medical expenses, purchasing a residence, paying certain tuition expenses, paying for funeral expenses, paying for casualty losses on your principal residence, or paying amounts needed to avoid eviction or foreclosure that may only be met by the distribution.

If you own a Contract purchased as a tax-sheltered Section 403(b) annuity contract, you will not, therefore, be entitled to make a full or partial withdrawal, as described in this Prospectus, in order to receive proceeds from the Contract attributable to contributions under a salary reduction agreement or any gains credited to such Contract after December 31, 1988 unless one of the above-described conditions has been satisfied. In the case of transfers of amounts accumulated in a different Section 403(b) contract to this Contract under a Section 403(b) program, the withdrawal constraints described above would not apply to the amount transferred to the Contract designated as attributable to the Owner's December 31, 1988 account balance under the old contract, provided the amounts transferred between contracts qualified as a rollover under the Internal Revenue Code. An Owner of a Contract may be able to transfer your Contract's Withdrawal Value to certain other investment alternatives meeting the requirements of Section 403(b) that are available under your employer's Section 403(b) arrangement.

Your particular Qualified Plan or 403(b) plan or program may have additional restrictions on distributions that may also be followed for your Contract. The distribution or withdrawal of amounts under a Contract purchased in connection with a Qualified Plan may result in the receipt of taxable income to the Owner or Annuitant and in some instances may also result in a penalty tax. Therefore, you should carefully consider the tax consequences of a distribution or withdrawal under a Contract and you should consult a competent tax adviser. See "Federal Tax Matters."

If your Contract was issued pursuant to a 403(b) plan, we generally are required to confirm, with your 403(b) plan sponsor or otherwise, that surrenders or transfers you request comply with applicable tax requirements and to decline requests that are not in compliance. We will defer such payments you request until all information required under the tax law has been received. By requesting a surrender or transfer, you consent to the sharing of confidential information about you, the contract, and transactions under the contract and any other 403(b) contracts or accounts you have under the 403(b) plan among us, your employer or plan sponsor, any plan administrator or recordkeeper, and other product providers.

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**Federal Tax Matters**

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**Introduction —** The Contract described in this Prospectus is designed for use by individuals in retirement plans which may or may not be Qualified Plans under the provisions of the Internal Revenue Code ("Code"). The ultimate effect of federal income taxes on the amounts held under a Contract, on annuity payments, and on the economic benefits to the Owner, the Annuitant, and the Beneficiary or other payee will depend upon the type of retirement plan, if any, for which the Contract is purchased, the tax and employment status of the individuals involved and a number of other factors. The discussion contained herein and in the Statement of Additional Information is general in nature and is not intended to be an exhaustive discussion of all questions that might arise in connection with a Contract. It is based upon the Company's understanding of the present federal income tax laws as currently interpreted by the Internal Revenue Service ("IRS") as of the date of this Prospectus, and is not intended as tax advice. No representation is made regarding the likelihood of continuation of the present federal income tax laws or of the current interpretations by the IRS or the courts. Future legislation may affect annuity contracts adversely. Moreover, no attempt has been made to consider any applicable state or other laws. Because of the inherent complexity of the tax laws and the fact that tax results will vary according to the particular circumstances of the individual involved and, if applicable, the Qualified Plan, a person should consult with a qualified tax adviser regarding the purchase of a Contract, the selection of an Annuity Option under a Contract, the receipt of annuity payments under a Contract or any other transaction involving a Contract. **The Company does not make any guarantee regarding the tax status of, or tax consequences arising from, any Contract or any transaction involving the Contract.**

**Tax Status of the Company and the Separate Account —**

**General.** The Company intends to be taxed as a life insurance company under Part I, Subchapter L of the Code. Because the operations of the Separate Account form a part of the Company, the Company will be responsible for any federal income taxes that become payable with respect to the income of the Separate Account and its Subaccounts.

**Charge for the Company's Taxes.** A charge may be made for any federal taxes incurred by the Company that are attributable to the Separate Account, the Subaccounts or to the operations of the Company with respect to the Contract or attributable to payments, premiums, or acquisition costs under the Contract. The Company will review the question of a charge to the Separate Account, the Subaccounts or the Contract for the Company's federal taxes periodically. Charges may become necessary if, among other reasons, the tax treatment of the Company or of income and expenses under the Contract is ultimately determined to be other than what the Company currently believes it to be, if there are changes made in the federal income tax treatment of variable annuities at the insurance company level, or if there is a change in the Company's tax status.

Under current laws, the Company may incur state and local taxes (in addition to premium taxes) in several states. At present, these taxes are not significant. If there is a material change in applicable state or local tax laws, the Company reserves the right to charge the Separate Account or the Subaccounts for such taxes, if any, attributable to the Separate Account or Subaccounts.

**Optional Benefit Riders.** It is possible that the Internal Revenue Service may take the position that fees deducted for certain optional benefit riders are deemed to be taxable distributions to you. In particular, the Internal Revenue Service may treat fees deducted for the optional benefits as taxable withdrawals, which might also be subject to a tax penalty if withdrawn prior to age 59½. Although we do not believe that the fees associated or any optional benefit provided under the Contract should be treated as taxable withdrawals, you should consult your tax advisor prior to selecting any optional benefit under the Contract.

**Withholding.** Annuity distributions are generally subject to withholding for the recipient's federal income tax liability. Recipients can generally elect, however, not to have tax withheld from distributions.

**Owner Control.** In certain circumstances, owners of Non-Qualified variable annuity contracts may be considered the owners, for federal income tax purposes, of the assets of the separate account used to support their contracts. In those circumstances, income and gains from the separate account assets would be includable currently in the variable Contract Owner's gross income. The ownership rights under the Contract are similar to, but different in certain respects from, those described by the IRS in rulings in which it was determined that policy owners were not owners of separate account assets. While the Company does not think that such will be the case, due to the number of the Contract's Underlying Funds, the number of charge-free transfer opportunities between and among the Underlying Funds and the fact that some Underlying Funds may have essentially the same investment strategy, it cannot be ruled out that an Owner of a Contract might be treated as the owner of a pro rata portion of the assets of the Separate Account.

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The Company nonetheless reserves the right to modify the Contract, as it deems appropriate, to attempt to prevent an Owner from being considered the owner of a pro rata share of the assets of the Separate Account and its Underlying Funds. Moreover, in the event that regulations are adopted or rulings or other guidance are issued, there can be no assurance that the Separate Account and the Underlying Funds will be able to operate as currently described in the Prospectus (including the possibility that the number of Underlying Funds offered might need to be reduced), or that the Underlying Funds will not have to change their investment objective or investment policies.

**Income Taxation of Annuities in General—Non-Qualified Contracts —** Section 72 of the Code governs the taxation of annuities. In general, a contract owner is not taxed on increases in value under an annuity contract until some form of distribution is made under the contract. However, the increase in value may be subject to tax currently under certain circumstances. See "Contracts Owned by Non-Natural Persons," "Diversification Standards," and "Owner Control." Withholding of federal income taxes on all distributions may be required unless a recipient who is eligible elects not to have any amounts withheld and properly notifies the Company of that election.

**Withdrawals Prior to the Annuity Start Date.** Code Section 72 provides generally that amounts received upon a total or partial withdrawal (including systematic withdrawals and withdrawals made to pay the fees of an investment adviser) from a Non-Qualified Contract prior to the Annuity Start Date generally will be treated as gross income to the extent that the cash value of the Contract immediately before the withdrawal (determined without regard to any withdrawal charge in the case of a partial withdrawal) exceeds the "investment in the contract." The "investment in the contract" is that portion, if any, of Purchase Payments paid under a Contract less any distributions received previously under the Contract that are excluded from the recipient's gross income. The taxable portion is taxed at ordinary income tax rates. For purposes of this rule, a pledge or assignment of a contract is treated as a payment received on account of a partial withdrawal of a Contract.

Amounts distributed from a Contract because of your death or the death of the Annuitant are generally treated as income to the recipient. If distributed in a lump sum, such payments are taxed in the same manner as if the Contract had been surrendered, and if distributed under an Annuity Option, they are taxed in the same manner as annuity payments. For Non-Qualified Contracts, all or a portion of the charges deducted from your Contract Value to pay advisory fees to a financial intermediary may be subject to federal and state income taxes and a 10% federal penalty tax. In a series of recent private letter rulings, the IRS has recognized that investment adviser fees may, in certain circumstances and subject to certain conditions, be deemed a part of a Non-Qualified Contract rather than a taxable distribution. We have received such a private letter ruling from the IRS and intend to tax report in accordance with that ruling. A tax-free partial exchange may become taxable if an advisory fee is paid from your Contract Value within 180 days of the partial exchange. Consult your tax adviser for advice concerning tax-free partial exchanges.

**Surrenders.** Upon a complete surrender, the receipt is taxable to the extent that the cash value of the Contract exceeds the investment in the Contract. The taxable portion of such payments will be taxed as ordinary income.

**Annuity Payments.** For fixed annuity payments, the taxable portion of each payment generally is determined by using a formula known as the "exclusion ratio," which establishes the ratio that the investment in the Contract bears to the total expected amount of annuity payments for the term of the Contract. That ratio is then applied to each payment to determine the non-taxable portion of the payment. The remaining portion of each payment is taxed at ordinary income rates. For variable annuity payments, the taxable portion of each payment is determined by using a formula known as the "excludable amount," which establishes the non-taxable portion of each payment. The non-taxable portion is a fixed dollar amount for each payment, determined by dividing the investment in the Contract by the number of payments to be made. The remainder of each variable annuity payment is taxable. Once the excludable portion of annuity payments to date equals the investment in the Contract, the balance of the annuity payments will be fully taxable.

**Penalty Tax on Certain Surrenders and Withdrawals.** With respect to amounts withdrawn or distributed before the taxpayer reaches age 59½, a penalty tax is imposed equal to 10% of the portion of such amount which is includable in gross income. However, the penalty tax is not applicable to withdrawals: (i) made on or after the death of the owner (or where the owner is not an individual, the death of the "primary annuitant," who is defined as the individual the events in whose life are of primary importance in affecting the timing and amount of the payout under the Contract); (ii) attributable to the taxpayer's becoming totally disabled within the meaning of Code Section 72(m)(7); (iii) which are part of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the taxpayer, or the joint lives (or joint life expectancies) of the taxpayer and his or her beneficiary; (iv) from certain qualified plans; (v) under a so-called qualified funding asset (as defined in Code Section 130(d)); (vi) under an immediate annuity contract; or (vii) which are purchased by an employer on termination of certain types of qualified plans and which are held by the employer until the employee separates from service.

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If the penalty tax does not apply to a surrender or withdrawal as a result of the application of item (iii) above, and the series of payments are subsequently modified (other than by reason of death or disability), the tax for the first year in which the modification occurs will be increased by an amount (determined by the regulations) equal to the tax that would have been imposed but for item (iii) above, plus interest for the deferral period, if the modification takes place (a) before the close of the period which is five years from the date of the first payment and after the taxpayer attains age 59½, or (b) before the taxpayer reaches age 59½.

**Partial Annuitization.** If part of an annuity contract's value is applied to an annuity option that provides payments for one or more lives and for a period of at least ten years, those payments may be taxed as annuity payments instead of withdrawals. None of the payment options under the Contract is intended to qualify for this "partial annuitization" treatment and, if you apply only part of the value of the Contract to a payment option, we will treat those payments as withdrawals for tax purposes.

**Additional Considerations —**

**Distribution-at-Death Rules.** In order to be treated as an annuity contract, a Non-Qualified contract must provide the following two distribution rules: (a) if any owner dies on or after the Annuity Start Date, and before the entire interest in the Contract has been distributed, the remainder of the owner's interest will be distributed at least as quickly as the method in effect on the owner's death; and (b) if any owner dies before the Annuity Start Date, the entire interest in the Contract must generally be distributed within five years after the date of death, or, if payable to a designated beneficiary, must be annuitized over the life of that designated beneficiary or over a period not extending beyond the life expectancy of that beneficiary, commencing within one year after the date of death of the owner. If the sole designated beneficiary is the spouse of the deceased owner, the contract (together with the deferral of tax on the accrued and future income thereunder) may be continued in the name of the spouse as owner.

The Contract provides that upon your death, a surviving spouse may have certain continuation rights that he or she may elect to exercise for the Contract's death benefit. All Contract provisions relating to spousal continuation are available only to a person who meets the definition of "spouse" under federal law. The U.S. Supreme Court has held that same-sex marriages must be permitted under state law and that marriages recognized under state law will be recognized for federal law purposes. Domestic partnerships and civil unions that are not recognized as legal marriages under state law, however, will not be treated as marriages under federal law. Consult a tax adviser for more information on this subject.

Generally, for purposes of determining when distributions must begin under the foregoing rules, where an owner is not an individual, the primary annuitant is considered the owner. In that case, a change in the primary annuitant will be treated as the death of the owner. Finally, in the case of joint owners, the distribution-at-death rules will be applied by treating the death of the first owner as the one to be taken into account in determining generally when distributions must commence, unless the sole Designated Beneficiary is the deceased owner's spouse.

**Gift of Annuity Contracts.** Generally, gifts of non-tax qualified Contracts prior to the Annuity Start Date will trigger tax on the gain on the Contract, with the donee getting a stepped-up basis for the amount included in the donor's income. The 10% penalty tax and gift tax also may be applicable. This provision does not apply to transfers between spouses or incident to a divorce.

**Contracts Owned by Non Natural Persons.** If the Contract is held by a non-natural person (for example, a corporation) the income on that Contract (generally the increase in net surrender value less the Purchase Payments) is includable in taxable income each year. The rule does not apply where the Contract is acquired by the estate of a decedent, where the Contract is held by certain types of retirement plans, where the Contract is a qualified funding asset for structured settlements, where the Contract is purchased on behalf of an employee upon termination of a qualified plan, and in the case of an immediate annuity. An annuity contract held by a trust or other entity as agent for a natural person is considered held by a natural person.

**Multiple Contract Rule.** For purposes of determining the amount of any distribution under Code Section 72(e) (amounts not received as annuities) that is includable in gross income, all Non-Qualified deferred annuity contracts issued by the same insurer to the same contract owner during any calendar year are to be aggregated and treated as one contract. Thus, any amount received under any such contract prior to the contract's Annuity Start Date, such as a partial surrender, dividend, or loan, will be taxable (and possibly subject to the 10% penalty tax) to the extent of the combined income in all such contracts.

In addition, the Treasury Department has broad regulatory authority in applying this provision to prevent avoidance of the purposes of this rule. It is possible that, under this authority, the Treasury Department may apply this rule to amounts that are paid as annuities (on and after the Annuity Start Date) under annuity contracts issued by the same company to the same owner during any calendar year. In this case, annuity payments could be fully taxable (and possibly subject to the 10% penalty tax) to the extent of the combined income in all such contracts and

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regardless of whether any amount would otherwise have been excluded from income because of the "exclusion ratio" under the contract.

**Transfers, Assignments or Exchanges of a Contract.** A transfer of ownership of a Contract, the designation of an Annuitant, Payee or other Beneficiary who is not also the Owner, the selection of certain Annuity Start Dates or the exchange of a Contract may result in certain tax consequences to the Owner that are not discussed herein. If contemplating any such transfer, assignment, selection or exchange, the Owner should contact a competent tax adviser with respect to the potential effects of such a transaction.

**Qualified Plans —** The Contract may be used with Qualified Plans that meet the requirements of Section 402A, 403(b), 408 or 408A of the Code. If you are purchasing the Contract as an investment vehicle for one of these Qualified Plans, you should consider that the Contract does not provide any additional tax advantage beyond that already available through the Qualified Plan. However, the Contract does offer features and benefits in addition to providing tax deferral that other investments may not offer, including death benefit protection for your beneficiaries and annuity options which guarantee income for life. You should consult with your financial professional as to whether the overall benefits and costs of the Contract are appropriate considering your circumstances.

The tax rules applicable to participants in such Qualified Plans vary according to the type of plan and the terms and conditions of the plan itself. No attempt is made herein to provide more than general information about the use of the Contract with the various types of Qualified Plans. These Qualified Plans may permit the purchase of the Contract to accumulate retirement savings under the plans. Adverse tax or other legal consequences to the plan, to the Participant or to both may result if this Contract is assigned or transferred to any individual as a means to provide benefit payments, unless the plan complies with all legal requirements applicable to such benefits prior to transfer of the Contract. Owners, Annuitants, and Beneficiaries are cautioned that the rights of any person to any benefits under such Qualified Plans may be subject to the terms and conditions of the plans themselves or limited by applicable law, regardless of the terms and conditions of the Contract issued in connection therewith. For example, the Company may accept beneficiary designations and payment instructions under the terms of the Contract without regard to any spousal consents that may be required under the plan or the Employee Retirement Income Security Act of 1974 (ERISA). Consequently, an Owner's Beneficiary designation or elected payment option may not be enforceable.

The amounts that may be contributed to Qualified Plans are subject to limitations that vary depending on the type of plan. In addition, early distributions from most Qualified Plans may be subject to penalty taxes, or, for certain plans, could cause the plan to be disqualified. Furthermore, distributions from most Qualified Plans are subject to certain minimum distribution rules. Failure to comply with these rules could result in disqualification of the plan or subject the Owner or Beneficiary to penalty taxes. As a result, the minimum distribution rules may limit the availability of certain Annuity Options to certain Annuitants and their Beneficiaries. These requirements may not be incorporated into the Company's Contract administration procedures. Owners, Participants and Beneficiaries are responsible for determining that contributions, distributions and other transactions with respect to the Contract comply with applicable law.

The following are brief descriptions of the various types of Qualified Plans and the use of the Contract therewith:

**Roth 403(b).** Employees eligible to make elective salary reduction contributions to a 403(b) annuity contract may designate their elective contributions as "Roth contributions" under Code Section 402A, if the employer agrees to treat the contributions as Roth contributions under the employer's 403(b) plan. Roth contributions may be made to the Contract in most states.

Unlike regular or "traditional" 403(b) contributions, which are made on a pre tax basis, Roth contributions are made after-tax and must be reported by the employer as currently taxable income of the employee. The employee must specifically designate the contributions as Roth contributions at the time they are made. Roth contributions are always full vested.

Although Roth contributions are made on an after-tax basis, if they are held in the Contract until certain conditions are met, a contract distribution may be a "qualifying distribution" and the income that is earned on the contributions will never be subject to federal income taxes. If a distribution is not qualifying, the income earned on the Roth contributions is subject to federal income taxes when distributed.

Roth contributions may be made up to the same elective contribution limits that apply to a traditional 403(b) contract. If the employee makes elective contribution to both types of contracts, the one contribution limit will apply to the total of all contributions, both Roth and traditional. Other types of employer contributions, such as matching contributions or non-elective contributions, cannot be made to a Roth contract or account, although they may be made to other accounts in the plan or program.

Roth contributions are held in a separate Roth account in the Contract and separate records are kept for earnings in the Roth account. Although amounts in a Roth account are subject to the same distribution restrictions, loan limits, and required minimum distribution rules as traditional 403(b) contributions (including lifetime required

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minimum distributions), the Company may impose special rules on distributions from Roth accounts and may restrict or forbid loans from Roth accounts.

Distributions from a Roth 403(b) qualified account may be eligible for a tax-free rollover to another eligible retirement plan, including a Roth IRA. See "Rollovers."

**Section 408. <u>Traditional Individual Retirement Annuities.</u>** Section 408 of the Code permits eligible individuals to establish individual retirement programs through the purchase of Individual Retirement Annuities ("traditional IRAs"). The Contract may be purchased as an IRA. The IRAs described in this section are called "traditional IRAs" to distinguish them from "Roth IRAs," which are described below.

IRAs are subject to limitations on the amount that may be contributed, the persons who may be eligible and on the time distributions must commence. Depending upon the circumstances of the individual, contributions to a traditional IRA may be made on a deductible or non-deductible basis. IRAs may not be transferred, sold, assigned, discounted or pledged as collateral for a loan or other obligation. The annual premium for an IRA may not be fixed and may not exceed (except in the case of a rollover contribution) the lesser of (i) $7,500 or $8,600 for owners age 50 or older (for 2026) or (ii) 100% of the individual's taxable compensation (for 2026).

Any refund of premium must be applied to the payment of future premiums or the purchase of additional benefits. If an individual is age 50 or over, the individual may make an additional catch-up contribution to a traditional IRA of $1,100 in 2026 (indexed for inflation in future tax years). However, if the individual is covered by an employer-sponsored retirement plan, the amount of IRA contributions the individual may deduct in a year may be reduced or eliminated based on the individual's adjusted gross income for the year ($129,000 to $149,000 for a married couple filing a joint return and $81,000 to $91,000 for a single taxpayer in 2026). If the individual's spouse is covered by an employer-sponsored retirement plan but the individual is not, the individual may be able to deduct those contributions to a traditional IRA; however, the deduction will be reduced or eliminated if the adjusted gross income on a joint return is between $242,000 to $252,000 (for 2026). Non-deductible contributions to traditional IRAs must be reported to the IRS in the year made on Form 8606.

Sale of the Contract for use with IRAs may be subject to special requirements imposed by the Internal Revenue Service. Purchasers of the Contract for such purposes will be provided with such supplementary information as may be required by the Internal Revenue Service or other appropriate agency and will have the right to revoke the Contract under certain circumstances. See the IRA Disclosure Statement that accompanies this Prospectus.

In general, traditional IRAs are subject to minimum distribution requirements similar to those applicable to retirement plans qualified under Section 403(b) of the Code; however, the required beginning date for traditional IRAs is generally the April 1 following the calendar year that the contract owner reaches their applicable age (as defined above)—the contract owner's retirement date, if any, will not affect his or her required beginning date. See "Section 403(b)." Distributions from IRAs are generally taxed under Code Section 72. Under these rules, a portion of each distribution may be excludable from income. The amount excludable from the individual's income is the amount of the distribution that bears the same ratio as the individual's nondeductible contributions bears to the expected return under the IRA.

Distributions from a traditional IRA may be eligible for a tax-free rollover to any kind of eligible retirement plan, including another traditional IRA. In certain cases, a distribution of non-deductible contributions or other after-tax amounts from a traditional IRA may be eligible to be rolled over to another traditional IRA. See "Rollovers."

The IRS has not reviewed the Contract for qualification as an IRA, and has not addressed in a ruling of general applicability whether a death benefit provision such as the provision in the Contract comports with IRA qualification requirements.

**Section 408A. <u>Roth IRAs</u>.** Section 408A of the Code permits eligible individuals to establish a Roth IRA. The Contract may be purchased as a Roth IRA. Regular contributions may be made to a Roth IRA up to the same contribution limits that apply to traditional IRA contributions. The regular contribution limits are phased out for taxpayers with $153,000 to $168,000 in adjusted gross income for 2026 ($242,000 to $252,000 for married filing joint returns). Also the taxable balance in a traditional IRA may be rolled over or converted into a Roth IRA. Distributions from Roth 403(b) plans can be rolled over to a Roth IRA regardless of income.

Regular contributions to a Roth IRA are not deductible, and rollovers and conversions from other retirement plans are taxable when completed, but withdrawals that meet certain requirements are not subject to federal income tax on either the original contributions or any earnings. However, once aggregate distributions exceed contributions to the Roth IRA, income tax and a 10% penalty tax may apply to distributions made (1) before 59½ (subject to certain exceptions) or (2) during the five taxable years starting with the year in which the first contribution is made to any Roth IRA. A 10% penalty tax may apply to amounts attributable to a conversion from an IRA if they are distributed during the five taxable years beginning with the year in which the conversion was made. Rollovers of Roth contributions were already taxed when made and are not generally subject to tax when rolled over to a Roth IRA. Sale of the Contract for use with Roth IRAs may be subject to special requirements imposed by the Internal Revenue

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Service. Purchasers of the Contract for such purposes will be provided with such supplementary information as may be required by the Internal Revenue Service or other appropriate agency, and will have the right to revoke the Contract under certain requirements. Unlike a traditional IRA, Roth IRAs are not subject to minimum required distribution rules during the Contract Owner's lifetime. Generally, however, the amount remaining in a Roth IRA after the Contract Owner's death must begin to be distributed by the end of the first calendar year after death, and made in amounts that satisfy IRS required minimum distribution regulations. Beginning with deaths occurring on or after January 1, 2020, subject to certain exceptions, most non-spouse beneficiaries must complete distributions within ten years of the Owner's death.

**Rollovers.** A "rollover" is the tax-free transfer of a distribution from one "eligible retirement plan" to another. Distributions which are rolled over are not included in the employee's gross income until some future time.

If any portion of the balance to the credit of an employee in a Section 403(b) or other eligible retirement plan (other than Roth sources) is paid in an "eligible rollover distribution" and the payee transfers any portion of the amount received to an "eligible retirement plan," then the amount so transferred is not includable in income. Also, pre-tax distributions from an IRA may be rolled over to another kind of eligible retirement plan. An "eligible rollover distribution" generally means any distribution that is not one of a series of periodic payments made for the life of the distributee or for a specified period of at least ten years. In addition, a required minimum distribution, death distributions (except to a surviving spouse) and certain corrective distributions, will not qualify as an eligible rollover distribution. A rollover must be made directly between plans or indirectly within 60 days after receipt of the distribution.

For an employee (or employee's spouse or former spouse as beneficiary or alternate payee), an "eligible retirement plan" will be another Section 403(b) plan, a qualified retirement plan, or a traditional individual retirement account or annuity described in Code Section 408. For a non-spouse beneficiary, an "eligible retirement plan" is an IRA established by the direct rollover. For a Roth 403(b) account, a rollover, including a direct rollover, can only be made to a Roth IRA or to the same kind of account in another plan (such as a Roth 403(b) to a Roth 403(b), but not a Roth 403(b) to a Roth 401(k)) or to a Roth IRA. Anyone attempting to rollover Roth 403(b) contributions should seek competent tax advice. Additionally, a rollover for a Roth IRA can only be made to another Roth IRA.

A Section 403(b) plan must provide a participant receiving an eligible rollover distribution, the option to have the distribution transferred directly to another eligible retirement plan.

Only one indirect rollover may be made from an IRA, including traditional IRAs, Roth IRAs, SIMPLE-IRAs and SEP-IRAs, to another IRA in a 12-month period. The 12-month period begins on the date the IRA distribution is received. If a second indirect rollover is made during the 12-month period, the transaction may have adverse tax consequences. This rollover limitation does not apply to direct rollovers or a rollover between a retirement plan and an IRA.

**Tax Penalties. <u>Premature Distribution Tax.</u>** Distributions from a 403(b) plan or IRA before the participant reaches age 59½ are generally subject to an additional tax equal to 10% of the taxable portion of the distribution. The 10% penalty tax does not apply to distributions: (i) made on or after the death of the employee; (ii) attributable to the employee's disability; (iii) which are part of a series of substantially equal periodic payments made (at least annually) for the life (or life expectancy) of the employee or the joint lives (or joint life expectancies) of the employee and a designated beneficiary and (except for IRAs) which begin after the employee terminates employment; (iv) made to an employee after termination of employment after reaching age 55; (v) made to pay for certain medical expenses; (vi) that are exempt withdrawals of an excess contribution; (vii) that are rolled over or transferred in accordance with Code requirements; (viii) made as a qualified reservist distribution; (ix) that are transferred pursuant to a decree of divorce or separate maintenance or written instrument incident to such a decree; (x) made in connection with the birth or adoption of a child, in limited circumstances; or (xi) made to terminally ill employees.

The exception to the 10% penalty tax described in item (iv) above is not applicable to IRAs. However, distributions from an IRA to unemployed individuals can be made without application of the 10% penalty tax to pay health insurance premiums in certain cases. There are two additional exceptions to the 10% penalty tax on withdrawals from IRAs before age 59½: withdrawals made to pay "qualified" higher education expenses and withdrawals made to pay certain "eligible first-time home buyer expenses." There may be additional exceptions to the 10% penalty tax (e.g., certain disaster relief distributions).

**<u>Minimum Distribution Tax.</u>** If the amount distributed from a Qualified Contract is less than the minimum required distribution for the year, the Participant is subject to a 25% tax on the amount that was not properly distributed, which is reduced to 10% if corrected within a two year correction period. The value of any enhanced death benefits or other optional Contract provisions may need to be taken into account when calculating the minimum required distribution. Consult a tax advisor.

**Withholding.** Periodic distributions (e.g., annuities and installment payments) from a Qualified Contract that will last for a period of ten or more years are generally subject to voluntary income tax withholding. The amount withheld

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on such periodic distributions is determined at the rate applicable to wages. The recipient of a periodic distribution may generally elect not to have withholding apply.

Eligible rollover distributions from a Qualified Plan (other than IRAs) are generally subject to mandatory 20% income tax withholding. However, no withholding is imposed if the distribution is transferred directly to another eligible retirement plan. Nonperiodic distributions from an IRA are subject to income tax withholding at a flat 10% rate. The recipient of such a distribution may elect not to have withholding apply.

The above description of the federal income tax consequences of the different types of Qualified Plans which may be funded by the Contract offered by this Prospectus is only a brief summary and is not intended as tax advice. The rules governing the provisions of Qualified Plans are extremely complex and often difficult to comprehend. Anything less than full compliance with the applicable rules, all of which are subject to change, may have adverse tax consequences. A prospective Owner considering adoption of a Qualified Plan and purchase of a Contract in connection therewith should first consult a qualified and competent tax adviser, with regard to the suitability of the Contract as an investment vehicle for the Qualified Plan.

**Other Tax Considerations —**

**Federal Estate, Gift, and Generation-Skipping Transfer Taxes.** While no attempt is being made to discuss in detail the Federal estate tax implications of the Contract, a purchaser should keep in mind that the value of an annuity contract owned by a decedent and payable to a beneficiary by virtue of surviving the decedent is included in the decedent's gross estate. Depending on the terms of the annuity contract, the value of the annuity included in the gross estate may be the value of the lump sum payment payable to the designated beneficiary or the actuarial value of the payments to be received by the beneficiary. Consult an estate planning advisor for more information.

Under certain circumstances, the Code may impose a "generation skipping transfer tax" ("GST") when all or part of an annuity contract is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Owner. Regulations issued under the Code may require the Company to deduct the tax from your Contract, or from any applicable payment, and pay it directly to the IRS.

The potential application of these taxes underscores the importance of seeking guidance from a qualified adviser to help ensure that your estate plan adequately addresses your needs and those of your beneficiaries under all possible scenarios.

**Annuity Purchases by Nonresident Aliens and Foreign Corporations.** The discussion above provides general information regarding U.S. federal income tax consequences to annuity purchasers that are U.S. citizens or residents. Purchasers that are not U.S. citizens or residents will generally be subject to U.S. federal withholding tax on taxable distributions from annuity contracts at a 30% rate, unless a lower treaty rate applies. In addition, such purchasers may be subject to state and/or municipal taxes and taxes that may be imposed by the purchaser's country of citizenship or residence. Additional withholding may occur with respect to entity purchasers (including foreign corporations, partnerships, and trusts) that are not U.S. residents. Prospective purchasers are advised to consult with a qualified tax adviser regarding U.S. state, and foreign taxation with respect to an annuity contract purchase.

**Foreign Tax Credits.** We may benefit from any foreign tax credits attributable to taxes paid by certain Funds to foreign jurisdictions to the extent permitted under Federal tax law.

**Medicare Tax.** Distributions from non-qualified annuity contracts are considered "investment income" for purposes of the Medicare tax on investment income. Thus, in certain circumstances, a 3.8% tax may be applied to some or all of the taxable portion of distributions (e.g. earnings) to individuals whose income exceeds certain threshold amounts. Please consult a tax advisor for more information.

**Possible Tax Changes.** From time to time, legislation has been proposed that would have adversely modified the federal taxation of certain annuities. There is always the possibility that the tax treatment of annuities could change by legislation or other means (such as IRS regulations, revenue rulings, and judicial decisions). Moreover, although unlikely, it is also possible that any legislative change could be retroactive (that is, effective prior to the date of such change). Consult a tax adviser with respect to legislative developments and their effect on the Contract. We have the right to modify the Contract in response to legislative changes that could otherwise diminish the favorable tax treatment that Owners currently receive. We make no guarantee regarding the tax status of any Contract and do not intend the above discussion to be considered tax advice.

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**Other Information**

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**Voting of Underlying Fund Shares —** The Company is the legal owner of the shares of the Underlying Funds held by the Subaccounts. The Company will exercise voting rights attributable to the shares of each Underlying Fund held in the Subaccounts at any regular and special meetings of the shareholders of the Underlying Funds on matters requiring shareholder voting. In accordance with its view of presently applicable law, the Company will exercise its voting rights based on instructions received from persons having beneficial interest in corresponding Subaccounts. However, if the 1940 Act or any regulations thereunder should be amended, or if the present interpretation thereof should change, and as a result the Company determines that it is permitted to vote the shares of the Underlying Funds in its own right, it may elect to do so.

The person having the voting interest under a Contract is the Owner. Unless otherwise required by applicable law, the number of shares of a particular Underlying Fund as to which voting instructions may be given to the Company is determined by dividing your Contract Value in the corresponding Subaccount on a particular date by the net asset value per share of the Underlying Fund as of the same date. Fractional votes will be counted. The number of votes as to which voting instructions may be given will be determined as of the same date established by the Underlying Fund for determining shareholders eligible to vote at the meeting of the Underlying Fund. If required by the SEC, the Company reserves the right to determine in a different fashion the voting rights attributable to the shares of the Underlying Funds. Voting instructions may be cast in person or by proxy.

It is important that each Owner provide voting instructions to the Company because we vote all Underlying Fund shares proportionately in accordance with instructions received from Owners. This means that the Company will vote shares for which no timely voting instructions are received in the same proportion as those shares for which we do receive voting instructions. As a result, a small number of Owners may control the outcome of a vote. The Company will also exercise the voting rights from assets in each Subaccount that are not otherwise attributable to Owners, if any, in the same proportion as the voting instructions that are received in a timely manner for all Contracts participating in that Subaccount.

**Changes to Investments —** The Company reserves the right, subject to compliance with the law as then in effect, to make additions to, deletions from, or combinations of the securities that are held by the Separate Account or any Subaccount or that the Separate Account or any Subaccount may purchase. In addition, the Company reserves the right to substitute shares of any or all of the Underlying Funds in accordance with applicable law. In all cases, the Company will send you notice. For instance, the Company may seek to substitute shares of Underlying Funds should they no longer be available for investment, or if the Company's management believes further investment in shares of any Underlying Fund should become inappropriate in view of the purposes of the Contract. The Company may substitute shares of an Underlying Fund with the shares of another Underlying Fund or the shares of a fund not currently offered under the Contract. Substituted fund shares may have higher fees and expenses. The Company may also purchase, through the Subaccount, other securities for other classes of contracts, or permit a conversion between classes of contracts on the basis of requests made by Owners. The Company further reserves the right to close any Subaccount to future allocations.

The Company also reserves the right to establish additional Subaccounts of the Separate Account that would invest in a new Underlying Fund or in shares of another investment company, a series thereof, or other suitable investment vehicle. The Company may establish new Subaccounts in its sole discretion, and will determine whether to make any new Subaccount available to existing Owners. The Company may also eliminate or combine one or more Subaccounts to all or only certain classes of Owners if, in its sole discretion, marketing, tax, or investment conditions so warrant.

Subject to compliance with applicable law, the Company may transfer assets to the General Account. The Company also reserves the right, subject to any required regulatory approvals, to transfer assets of the Separate Account or any Subaccount to another separate account or Subaccount.

In the event of any such substitution or change, the Company may, by appropriate endorsement, make such changes in these and other contracts as may be necessary or appropriate to reflect such substitution or change. If the Company believes it to be in the best interests of persons having voting rights under the Contract, the Separate Account may be operated as a management investment company under the 1940 Act or any other form permitted by law. The Separate Account may be deregistered under the 1940 Act in the event such registration is no longer required, or it may be combined with other separate accounts of the Company or an affiliate thereof. Subject to compliance with applicable law, the Company also may establish a committee, board, or other group to manage one or more aspects of the operation of the Separate Account.

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**Changes to Comply with Law and Amendments —** The Company reserves the right, without the consent of Owners, to suspend sales of the Contract as presently offered and to make any change to the provisions of the Contract to comply with, or give Owners the benefit of, any federal or state statute, rule, or regulation, including but not limited to requirements for annuity contracts and retirement plans under the Internal Revenue Code and regulations thereunder or any state statute or regulation.

**Reports to Owners —** The Company will send you annually a statement setting forth a summary of the transactions that occurred during the year, and indicating the Contract Value as of the end of each year. In addition, the statement will indicate the allocation of Contract Value among the Subaccounts and any other information required by law. The Company will also send confirmations upon Purchase Payments, transfers, and full and partial withdrawals. The Company may confirm certain transactions on a quarterly basis rather than at the time they occur. These transactions include purchases under an Automatic Investment Program, transfers under the Dollar Cost Averaging and Asset Reallocation Options, systematic withdrawals and annuity payments.

You will also receive an annual and semiannual shareholder report for those Underlying Funds corresponding to the Subaccounts to which you have allocated your Contract Value. The shareholder reports contain information required by federal securities laws and will also be available online at <u>https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=336277504&template=fsblny</u>.

**Electronic Privileges — If the Electronic Privileges section of the application or the proper form has been completed, signed, and received at the Company's Administrative Office**, you may (1) request a transfer of Contract Value and make changes in your Purchase Payment allocation and to an existing Dollar Cost Averaging or Asset Reallocation Option by telephone; (2) request a transfer of Contract Value electronically via facsimile; and (3) request a transfer of Contract Value through the Company's website. If you elect Electronic Privileges, you automatically authorize your financial representative to make transfers of Contract Value and changes in your Purchase Payment allocation or Dollar Cost Averaging or Asset Reallocation Option, on your behalf.

Any telephone or electronic device, whether it is the Company's, yours, your service provider's, or your registered representative's, can experience outages or slowdowns for a variety of reasons. These outages or slowdowns may delay or prevent the Company's processing of your transfer request. Although we have taken precautions to limit these problems, we cannot promise complete reliability under all circumstances. If you are experiencing problems, you should make your transfer request by writing to our Administrative Office.

The Company has established procedures to confirm that instructions communicated by telephone are genuine and will not be liable for any losses due to fraudulent or unauthorized instructions, provided it complies with its procedures. The Company's procedures require that any person requesting a transfer by telephone provide the account number and the Owner's tax identification number and such instructions must be received on a recorded line. The Company reserves the right to deny any telephone transfer request. If all telephone lines are busy (which might occur, for example, during periods of substantial market fluctuations) or are otherwise unavailable, you may not be able to request transfers by telephone and would have to submit written requests.

By authorizing telephone transfers, you authorize the Company to accept and act upon telephonic instructions for transfers involving your Contract. There are risks associated with telephone transactions that do not occur if a written request is submitted. Anyone authorizing or making telephone requests bears those risks. You agree that neither the Company nor any of its affiliates nor any Underlying Fund, will be liable for any loss, damages, cost, or expense (including attorneys' fees) arising out of any telephone requests, provided that the Company effects such request in accordance with its procedures. As a result of this policy on telephone requests, you bear the risk of loss arising from the telephone transfer privilege. The Company may discontinue, modify, or suspend the telephone transfer privilege at any time.

**Legal Proceedings —** The Company and its subsidiaries, like other life insurance companies, may be involved in lawsuits, including class action lawsuits. In some class action and other lawsuits involving insurers, substantial damages have been sought and/or material settlement payments have been made. Although the outcome of any litigation cannot be predicted with certainty, the Company believes that at the present time there are no legal proceedings pending or threatened to which the Company, the Separate Account, or SDL is a party that are reasonably likely to materially affect the Separate Account or the Company's ability to meet its obligations under the Contract, or SDL's ability to perform its contract with the Separate Account.

**Sale of the Contract —** The Company currently offers the Contract on a continuous basis. The Company anticipates continuing to offer the Contract but reserves the right to discontinue the offering.

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**Principal Underwriter.** The Company has entered into a principal underwriting agreement with its affiliate, SDL, for the distribution and sale of the Contract. SDL's home office is located at One Security Benefit Place, Topeka, Kansas 66636-0001. SDL, a wholly-owned subsidiary of Security Benefit Life Insurance Company, an affiliate of the Company, is registered as a broker-dealer with the SEC under the Securities Exchange Act of 1934, as amended, and is a member of FINRA.

SDL does not sell the Contract directly to purchasers. The Contract is offered to the public through SDL's registered representatives, as well as through registered representatives of broker-dealers that have entered into selling agreements with SDL for the sale of the Contract (collectively, "Selling Broker-Dealers"). Registered representatives of SDL and of Selling Broker-Dealers must be licensed as insurance agents by New York insurance authorities and appointed as agents of the Company in order to sell the Contract. The Company pays commissions directly to SDL, as well as to Selling Broker-Dealers through SDL in connection with sales of the Contract. During fiscal years 2025, 2024, and 2023, the amounts paid to SDL in connection with all contracts sold through the Separate Account were $0, $0, and $0, respectively. SDL passes through commissions it receives either to the SDL registered representatives involved in the sales process or to the Selling Broker-Dealers for their sales of the Contract, as applicable. SDL does not retain any portion of commissions it receives as principal underwriter for the Contract. However, the Company (or an affiliate) pays some or all of SDL's operating and other expenses, including the following sales expenses: compensation and bonuses for SDL's management team, compensation and benefits for SDL's registered representatives, advertising expenses, and other expenses of distributing the Contract. The Company does not pay commissions to financial intermediaries who receive advisory fees from Contract owners because such intermediaries receive compensation in connection with the Contract in the form of those advisory fees.

**Selling Broker-Dealers.** The Company pays commissions to SDL and to Selling Broker-Dealers in connection with the promotion and sale of the Contract according to one or more schedules. A portion of any payments made to Selling Broker-Dealers may be passed on to their registered representatives in accordance with their internal compensation programs. Commissions and other incentives or payments described below are not charged directly to Owners or the Separate Account. The Company uses its corporate assets to pay commissions and other costs of distributing the Contract. Commissions and other incentives or payments described below are not charged directly to Owners of the Separate Account. The Company intends to recoup commissions and other sales expenses through fees and charges deducted under the Contract (including any profit from the mortality and expense risk charge or other fees and charges imposed under the Contract) or from its General Account.

**Additional Compensation Paid to Selected Selling Broker-Dealers.** In addition to the commissions and non-cash compensation described above, the Company pays additional compensation to selected Selling Broker-Dealers. These payments include: (1) trail commissions or persistency payments, which are periodic payments based on contract values of the Company's variable insurance contracts (including Contract Values of the Contract) or other persistency standards; (2) preferred status fees (which may be in the form of a higher percentage of ordinary commission) paid to obtain preferred treatment of the Contract in Selling Broker-Dealers' marketing programs, including enhanced marketing services and increased access to their registered representatives; (3) one-time bonus payments for their participation in sales promotions with regard to the Contract; (4) periodic bonus payments calculated as a percentage of the average contract value of the Company's variable insurance contracts (including the Contract) sold by the Selling Broker-Dealer during the calendar year of payment; (5) sponsorship of or reimbursement of industry conference fees paid to help defray the costs of sales conferences and educational seminars put on by the Selling Broker-Dealers; and (6) reimbursement of Selling Broker-Dealers for expenses incurred by the Selling Broker-Dealer or its registered representatives in connection with client seminars or similar prospecting activities conducted to promote sales of the Contract.

**Compensation Paid to All Selling Broker-Dealers.** The Company pays compensation as a percentage of initial and subsequent Purchase Payments at the time it receives them, as a percentage of Contract Value on an ongoing basis, or a combination of both. While the amount and timing of compensation may vary depending on the selling agreement, the Company does not expect compensation to exceed 0.15% annually of aggregate Purchase Payments (if compensation is paid as a percentage of Purchase Payments) and/or 0.05% annually of average Contract Value (if compensation is paid as a percentage of Contract Value). The Company also pays non-cash compensation in connection with the sale of the Contract, including conferences, seminars and trips (including travel, lodging and meals in connection therewith), entertainment, merchandise and other similar items, in compliance with applicable regulatory requirements.

The registered representative who sells you the Contract typically receives a portion of the compensation the Company pays to his or her Selling Broker-Dealer, depending on the agreement between the Selling Broker-Dealer and your registered representative and the Selling Broker-Dealer's internal compensation program. These programs may include other types of cash and non-cash compensation and other benefits. **Ask your registered** 

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**representative for further information about what he or she and the Selling Broker-Dealer for whom he or she works receive in connection with your purchase of a Contract.**

**Additional Compensation Paid to Selected Selling Broker-Dealers.** In addition to the commissions and non-cash compensation described above, the Company pays additional compensation to selected Selling Broker-Dealers. These payments include: (1) trail commissions or persistency payments, which are periodic payments based on contract values of the Company's variable insurance contracts (including Contract Values of the Contract) or other persistency standards; (2) preferred status fees (which may be in the form of a higher percentage of ordinary commission) paid to obtain preferred treatment of the Contract in Selling Broker-Dealers' marketing programs, including enhanced marketing services and increased access to their registered representatives; (3) one-time bonus payments for their participation in sales promotions with regard to the Contract; (4) periodic bonus payments calculated as a percentage of the average contract value of the Company's variable insurance contracts (including the Contract) sold by the Selling Broker-Dealer during the calendar year of payment; (5) sponsorship of or reimbursement of industry conference fees paid to help defray the costs of sales conferences and educational seminars put on by the Selling Broker-Dealers; and (6) reimbursement of Selling Broker-Dealers for expenses incurred by the Selling Broker-Dealer or its registered representatives in connection with client seminars or similar prospecting activities conducted to promote sales of the Contract.

These additional compensation arrangements are not offered to all Selling Broker-Dealers and the terms of such arrangements and the payments made thereunder can differ substantially among Selling Broker-Dealers. The payments may be significant and may be calculated in different ways for different Selling Broker-Dealers. These arrangements are designed to specially encourage the sale of the Company's products (and/or its affiliates' products) by such Selling Broker-Dealers. The prospect of receiving, or the receipt of, additional compensation may provide Selling Broker-Dealers and/or their registered representatives with an incentive to favor sales of the Contract over other variable annuity contracts (or other investments) with respect to which a Selling Broker-Dealer does not receive additional compensation or receives lower levels of additional compensation. You may wish to take such payment arrangements into account when considering and evaluating any recommendation relating to the Contract. **Ask your registered representative for further information about what he or she and the Selling Broker-Dealer for whom he or she works may receive in connection with your purchase of a Contract.**

**Additional Information**

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**Registration Statement —** A Registration Statement of which this Prospectus is a part has been filed with the SEC relating to the offering described in this Prospectus. This Prospectus does not include all the information included in the Registration Statement, certain portions of which, including the Statement of Additional Information, have been omitted pursuant to the rules and regulations of the SEC. The omitted information may be obtained at the SEC's principal office in Washington, DC, upon payment of any of the SEC's prescribed fees, and may also be obtained for free from the SEC's web site (<u>https://www.sec.gov</u>). You may also obtain the Statement of Additional Information by writing the Company at its Administrative Office, P.O. Box 750497, Topeka, Kansas 66675-0497 or by calling 1-800-888-2461. The Statement of Additional Information is also available online at <u>https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=336277504&template=fsblny</u>.

**Financial Statements —** You can find financial statements for First Security Benefit Life Insurance and Annuity Company of New York and Subsidiaries and the Separate Account in the Statement of Additional Information, which is available online at <u>https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=336277504&template=fsblny</u>. To receive a copy of the Statement of Additional Information free of charge, call your investment professional or contact us at 1-800-888-2461.

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APPENDIX A

**Investment Options Available Under the Contract**

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**Underlying Funds —** The following is a list of Underlying Funds available under the Contract. More information about the Underlying Funds is available in the prospectuses for the Underlying Funds, which may be amended or updated from time to time, and can be found online at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=336277504&template=fsblny. You can view, download, and print copies of Underlying Fund documents at this website. You can also request this information at no cost by calling 1-800-888-2461 or by sending an email request to FSBLProspectusRequests@securitybenefit.com.

The current expenses and performance information below reflect the fees and expenses of the Underlying Funds, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Underlying Fund's past performance is not necessarily an indication of future performance. Updated performance information is available online at https://www.fsbl.com/performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup>  | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup>  | **1 Year** | **5 Year** | **10 Year** |
| Mid Cap Value | AB Discovery Value – Class B<br> *Adviser:* AllianceBernstein L.P.<br>| 1.07% | 2.64% | 8.48% | 8.27% |
| Large Cap <br> Value<br>| AB Relative Value – Class B<br> *Adviser:* AllianceBernstein L.P.<br>| 0.86% | 10.20% | 11.15% | 10.30% |
| Global Equity | AB Sustainable Global Thematic – Class B<br> *Adviser:* AllianceBernstein L.P.<br>| 1.26% | 6.02% | 3.02% | 9.80% |
| Global <br> Allocation<br>| AB VPS Dynamic Asset Allocation – Class B<br> *Adviser:* AllianceBernstein L.P.<br>| 1.20% | 13.21% | 4.74% | 5.25% |
| Global Equity | AFIS Capital World Growth and Income – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 1.01% | 24.46% | 10.01% | 10.74% |
| Government <br> Bond<br>| AFIS U.S. Government Securities – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.84% | 7.54% | -0.49% | 1.45% |
| Large Cap <br> Blend<br>| AFIS Washington Mutual Investors – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.90% | 16.90% | 13.60% | 12.08% |
| Large Cap <br> Growth<br>| Alger Capital Appreciation – Class S<sup>2</sup> <br>*Adviser:* Fred Alger Management, LLC<br>| 1.19% | 32.51% | 16.04% | 17.86% |
| Large Cap <br> Growth<br>| Alger Large Cap Growth – Class I-2<br> *Adviser:* Fred Alger Management, LLC<br>| 0.89% | 30.27% | 11.12% | 16.73% |
| Mid Cap Blend | Allspring Opportunity VT – Class 2<br> *Adviser:* Allspring Funds Management, LLC<br> *Sub-Adviser:* Allspring Global Investments, LLC<br>| 1.08% | 6.71% | 8.94% | 11.85% |
| Large Cap <br> Growth<br>| Allspring VT Discovery All Cap Growth – Class 2<br> *Adviser:* Allspring Funds Management, LLC<br> *Sub-Adviser:* Allspring Global Investments, LLC<br>| 1.04% | 15.27% | 6.04% | 13.57% |
| Specialty-Sector | ALPS/Alerian Energy Infrastructure – Class III<br> *Adviser:* ALPS Advisors, Inc.<br>| 1.30% | 4.66% | 22.06% | 10.70% |
| Balanced/Asset <br> Allocation<br>| American Funds IS<sup>®</sup> Asset Allocation – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.79% | 15.59% | 8.70% | 9.50% |
| Global Bond | American Funds IS<sup>®</sup> Capital World Bond – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.98% | 9.03% | -2.76% | 0.97% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| International <br> Equity<br>| American Funds IS<sup>®</sup> EUPAC Fund<sup>TM</sup> – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 1.03% | 26.41% | 3.14% | 6.73% |
| Global Equity | American Funds IS<sup>®</sup> Global Growth – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 1.01% | 21.34% | 7.97% | 11.89% |
| Large Cap <br> Growth<br>| American Funds IS<sup>®</sup> Growth – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.83% | 19.93% | 13.09% | 17.67% |
| Large Cap <br> Blend<br>| American Funds IS<sup>®</sup> Growth-Income – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.78% | 17.77% | 13.62% | 13.63% |
| International <br> Equity<br>| American Funds IS<sup>®</sup> International Growth and Income – <br> Class 4<br> *Adviser:* Capital Research and Management Company<br>| 1.06% | 35.09% | 7.42% | 7.54% |
| Intermediate <br> Term Bond<br>| American Funds IS<sup>®</sup> Mortgage – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 0.89% | 8.32% | 0.06% | 1.43% |
| Emerging <br> Markets<br>| American Funds IS<sup>®</sup> New World – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 1.15% | 27.92% | 5.06% | 8.98% |
| Global Equity | American Funds IS<sup>®</sup> SMALLCAP World Fund<sup>®</sup> – Class 4<br> *Adviser:* Capital Research and Management Company<br>| 1.20% | 14.33% | 0.23% | 6.96% |
| Large Cap <br> Blend<br>| BlackRock Advantage Large Cap Core V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.04% | 19.73% | 13.85% | 14.08% |
| Large Cap <br> Value<br>| BlackRock Basic Value V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.13% | 24.04% | 12.81% | 10.52% |
| Large Cap <br> Growth<br>| BlackRock Capital Appreciation V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.37% | 11.77% | 10.50% | 15.32% |
| Large Cap <br> Value<br>| BlackRock Equity Dividend V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.13% | 21.32% | 11.45% | 11.01% |
| Global <br> Allocation<br>| BlackRock Global Allocation V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br> *Sub-Adviser:* BlackRock (Singapore) Limited; BlackRock <br> International Limited<br>| 1.15% | 19.42% | 5.51% | 7.33% |
| High Yield Bond | BlackRock High Yield V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br> *Sub-Adviser:* BlackRock International Limited<br>| 0.89% | 9.09% | 4.57% | 6.07% |
| Large Cap <br> Growth<br>| BlackRock Large Cap Focus Growth V.I. – Class III<br> *Adviser:* BlackRock Advisors, LLC<br>| 1.15% | 11.48% | 10.19% | 15.98% |
| Small Cap <br> Blend<br>| BNY Mellon IP Small Cap Stock Index – Service Class<br> *Adviser:* BNY Mellon Investment Adviser, Inc.<br>| 0.61% | 5.36% | 6.65% | 9.15% |
| Specialty-Sector | BNY Mellon IP Technology Growth – Service Class<br> *Adviser:* BNY Mellon Investment Adviser, Inc.<br> *Sub-Adviser:* Newton Investment Management North <br> America, LLC<br>| 1.07% | 27.87% | 8.96% | 16.97% |
| Large Cap <br> Blend<br>| BNY Mellon Stock Index – Service Class<br> *Adviser:* BNY Mellon Investment Adviser, Inc.<br> *Sub-Adviser:* Mellon Investments Corporation<br>| 0.52% | 17.23% | 13.83% | 14.23% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Blend<br>| BNY Mellon VIF Appreciation – Service Class<br> *Adviser:* BNY Mellon Investment Adviser, Inc.<br> *Sub-Adviser:* Fayez Sarofim & Co., LLC<br>| 1.10% | 9.78% | 9.08% | 12.63% |
| Global Equity | Dimensional VA Equity Allocation – Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors Ltd.; DFA <br> Australia Limited<br>| 0.48% | 19.94% | 12.23% | N/A |
| Global Bond | Dimensional VA Global Bond Portfolio – Institutional <br> Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors Ltd.; DFA <br> Australia Limited<br>| 0.21% | 4.35% | 1.38% | 1.81% |
| Global <br> Allocation<br>| Dimensional VA Global Moderate Allocation – <br> Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br>| 0.43% | 14.68% | 8.42% | 8.65% |
| International <br> Equity<br>| Dimensional VA International Small Portfolio – <br> Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors Ltd.; DFA <br> Australia Limited<br>| 0.39% | 36.99% | 8.89% | 8.68% |
| International <br> Equity<br>| Dimensional VA International Value Portfolio – <br> Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors Ltd.; DFA <br> Australia Limited<br>| 0.27% | 45.64% | 15.85% | 10.46% |
| Short Term <br> Bond<br>| Dimensional VA Short-Term Fixed Portfolio – Institutional <br> Class<br> *Adviser:* Dimensional Fund Advisors LP<br> *Sub-Adviser:* Dimensional Fund Advisors Ltd.; DFA <br> Australia Limited<br>| 0.12% | 4.33% | 2.65% | 1.97% |
| Large Cap <br> Value<br>| Dimensional VA U.S. Large Value Portfolio – Institutional <br> Class<br> *Adviser:* Dimensional Fund Advisors LP<br>| 0.21% | 15.83% | 11.97% | 10.51% |
| Small Cap <br> Value<br>| Dimensional VA U.S. Targeted Value Portfolio – <br> Institutional Class<br> *Adviser:* Dimensional Fund Advisors LP<br>| 0.29% | 8.95% | 13.60% | 11.00% |
| Large Value | Donoghue Forlines Dividend VIT Fund – Class 1<br> *Adviser:* Donoghue Forlines LLC<br>| 2.77% | 17.19% | 8.72% | 3.46% |
| Tactical <br> Allocation<br>| Donoghue Forlines Momentum VIT Fund – Class 1<br> *Adviser:* Donoghue Forlines LLC<br>| 1.56% | 23.52% | 12.83% | 9.23% |
| Mid Cap Value | DWS Small Mid Cap Value VIP – Class B<br> *Adviser:* DWS Investment Management Americas, Inc.<br>| 1.24% | 17.85% | 9.27% | 7.18% |
| Floating Rate <br> Bond<br>| Eaton Vance VT Floating-Rate Income - Initial Class<br> *Adviser:* Eaton Vance Management<br>| 1.19% | 3.95% | 4.64% | 4.43% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Intermediate <br> Government<br>| Federated Hermes Fund for U.S. Government Securities <br> II<br> *Adviser:* Federated Investment Management Company<br>| 1.02% | 6.80% | -0.84% | 1.06% |
| High Yield Bond | Federated Hermes High Income Bond II – Service Class<br> *Adviser:* Federated Investment Management Company<br>| 1.14% | 8.18% | 3.45% | 5.33% |
| Balanced/Asset <br> Allocation<br>| Fidelity<sup>®</sup> VIP Balanced – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.66% | 14.96% | 9.24% | 10.84% |
| Large Cap <br> Blend<br>| Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup> – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.79% | 21.24% | 15.08% | 15.49% |
| Small Cap <br> Blend<br>| Fidelity<sup>®</sup> VIP Disciplined Small Cap – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br>| 0.57% | 17.09% | 10.09% | 10.31% |
| Emerging <br> Markets<br>| Fidelity<sup>®</sup> VIP Emerging Markets – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited; FIL Investment Advisors; FIL Investment <br> Advisors (UK) Limited<br>| 1.12% | 40.79% | 5.62% | 10.66% |
| Large Cap <br> Growth<br>| Fidelity<sup>®</sup> VIP Growth & Income – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.72% | 21.21% | 15.83% | 13.56% |
| Large Cap <br> Growth<br>| Fidelity<sup>®</sup> VIP Growth Opportunities – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.81% | 21.73% | 11.04% | 19.64% |
| High Yield Bond | Fidelity<sup>®</sup> VIP High Income – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 1.07% | 10.31% | 4.00% | 5.34% |
| Large Cap <br> Blend<br>| Fidelity<sup>®</sup> VIP Index 500 – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* Geode Capital Management, LLC<br>| 0.34% | 17.48% | 14.03% | 14.42% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Intermediate <br> Term Bond<br>| Fidelity<sup>®</sup> VIP Investment Grade Bond – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.62% | 6.93% | -0.21% | 2.45% |
| Mid Cap Growth | Fidelity<sup>®</sup> VIP Mid Cap – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.80% | 11.49% | 9.83% | 10.31% |
| International <br> Equity<br>| Fidelity<sup>®</sup> VIP Overseas – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited; FIL Investment Advisors; FIL Investment <br> Advisors (UK) Limited<br>| 0.97% | 20.05% | 6.35% | 7.55% |
| Specialty-Sector | Fidelity<sup>®</sup> VIP Real Estate – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited<br>| 0.85% | 2.90% | 3.98% | 3.61% |
| Multi-Sector <br> Bond<br>| Fidelity<sup>®</sup> VIP Strategic Income – Service Class 2<br> *Adviser:* Fidelity Management & Research Company LLC<br> *Sub-Adviser:* FMR Investment Management (UK) <br> Limited; Fidelity Management & Research (Hong Kong) <br> Limited; Fidelity Management & Research (Japan) <br> Limited; FIL Investment Advisors; FIL Investment <br> Advisors (UK) Limited<br>| 0.88% | 8.58% | 2.79% | 4.40% |
| Multi Cap <br> Growth<br>| Franklin DynaTech VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.88% | 18.13% | 9.09% | 14.08% |
| Large Cap <br> Value<br>| Franklin Growth and Income VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 1.04% | 16.90% | 11.90% | 11.12% |
| Balanced/Asset <br> Allocation<br>| Franklin Income VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.72% | 12.56% | 7.66% | 7.30% |
| Large Cap <br> Growth<br>| Franklin Large Cap Growth VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 1.11% | 7.22% | 6.83% | 12.87% |
| Global Equity | Franklin Mutual Global Discovery VIP Fund – Class 2<br> *Adviser:* Franklin Mutual Advisers, LLC<br>| 1.16% | 23.34% | 12.00% | 8.52% |
| Large Cap <br> Value<br>| Franklin Mutual Shares VIP Fund – Class 2<br> *Adviser:* Franklin Mutual Advisers, LLC<br>| 0.94% | 11.52% | 9.20% | 7.53% |
| Large Cap <br> Blend<br>| Franklin Rising Dividends VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.89% | 11.80% | 9.50% | 12.10% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Small Cap <br> Value<br>| Franklin Small Cap Value VIP Fund – Class 2<br> *Adviser:* Franklin Mutual Advisers, LLC<br>| 0.92% | 7.65% | 8.86% | 9.81% |
| Small Cap <br> Growth<br>| Franklin Small-Mid Cap Growth VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 1.09% | 2.52% | 1.03% | 9.89% |
| Multi-Sector <br> Bond<br>| Franklin Strategic Income VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 1.08% | 7.24% | 1.92% | 3.10% |
| Government <br> Bond<br>| Franklin U.S. Government Securities VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.79% | 6.69% | 0.02% | 1.14% |
| International <br> Equity<br>| Goldman Sachs VIT International Equity Insights – <br> Service Class<br> *Adviser:* Goldman Sachs Asset Management L.P.<br>| 1.37% | 38.15% | 10.80% | 7.96% |
| Large Cap <br> Value<br>| Goldman Sachs VIT Large Cap Value – Service Class<br> *Adviser:* Goldman Sachs Asset Management L.P.<br>| 1.08% | 10.60% | 11.00% | 9.34% |
| Mid Cap Growth | Goldman Sachs VIT Mid Cap Growth – Service Class<br> *Adviser:* Goldman Sachs Asset Management L.P.<br>| 1.49% | 7.36% | 4.67% | 11.58% |
| Mid Cap Value | Goldman Sachs VIT Mid Cap Value – Service Class<br> *Adviser:* Goldman Sachs Asset Management L.P.<br>| 1.09% | 9.13% | 9.77% | 9.75% |
| Small Cap <br> Blend<br>| Goldman Sachs VIT Small Cap Equity Insights – Service <br> Class<br> *Adviser:* Goldman Sachs Asset Management L.P.<br>| 1.13% | 15.82% | 10.19% | 10.57% |
| Large Cap <br> Growth<br>| Goldman Sachs VIT Strategic Growth – Service Class<br> *Adviser:* Goldman Sachs Asset Management L.P.<br>| 1.04% | 17.58% | 12.47% | 16.13% |
| Floating Rate <br> Bond<br>| Guggenheim VIF Floating Rate Strategies<br> *Adviser:* Guggenheim Partners Investment Management, <br> LLC<br>| 1.54% | 3.57% | 4.56% | 4.12% |
| Specialty | Guggenheim VIF Global Managed Futures Strategy<br> *Adviser:* Security Investors, LLC<br>| 2.32% | 3.65% | 3.94% | 1.27% |
| High Yield Bond | Guggenheim VIF High Yield<br> *Adviser:* Guggenheim Partners Investment Management, <br> LLC<br>| 1.57% | 6.84% | 4.16% | 5.55% |
| Specialty | Guggenheim VIF Multi-Hedge Strategies<br> *Adviser:* Security Investors, LLC<br>| 1.80% | 1.25% | 1.23% | 1.62% |
| Intermediate <br> Term Bond<br>| Guggenheim VIF Total Return Bond<br> *Adviser:* Guggenheim Partners Investment Management, <br> LLC<br>| 0.99% | 7.48% | -0.21% | 3.13% |
| Large Cap <br> Growth<br>| Invesco V.I. American Franchise – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.10% | 11.39% | 10.08% | 14.58% |
| Mid Cap Value | Invesco V.I. American Value – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.14% | 20.76% | 17.56% | 12.01% |
| Global <br> Allocation<br>| Invesco V.I. Balanced-Risk Allocation – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.60% | 8.69% | 2.27% | 4.91% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Value<br>| Invesco V.I. Comstock – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.00% | 17.14% | 15.14% | 11.67% |
| Large Cap <br> Blend<br>| Invesco V.I. Core Equity – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.05% | 15.88% | 12.52% | 11.46% |
| Mid Cap Growth | Invesco V.I. Discovery Mid Cap Growth – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.11% | 4.53% | 3.64% | 11.10% |
| Large Blend | Invesco V.I. Equally-Weighted S&P 500 – Series II<br> *Adviser:* Invesco Advisers, Inc.<br> *Sub-Adviser:* Invesco Capital Management LLC<br>| 0.59% | 10.82% | 9.89% | 11.11% |
| Balanced/Asset <br> Allocation<br>| Invesco V.I. Equity and Income – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 0.82% | 12.52% | 8.68% | 8.64% |
| International <br> Equity<br>| Invesco V.I. EQV International Equity – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.15% | 16.23% | 3.42% | 5.95% |
| Global Equity | Invesco V.I. Global – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.06% | 15.02% | 7.01% | 10.72% |
| Specialty-Sector | Invesco V.I. Global Real Estate – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.27% | 7.61% | 1.49% | 2.18% |
| Multi-Sector <br> Bond<br>| Invesco V.I. Global Strategic Income – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.21% | 12.75% | 1.39% | 2.76% |
| Government <br> Bond<br>| Invesco V.I. Government Securities – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 0.95% | 6.95% | -0.22% | 1.34% |
| Large Cap <br> Value<br>| Invesco V.I. Growth and Income – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.00% | 15.30% | 12.56% | 10.46% |
| Specialty-Sector | Invesco V.I. Health Care – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.24% | 15.08% | 3.54% | 6.31% |
| High Yield Bond | Invesco V.I. High Yield – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.17% | 6.35% | 3.40% | 4.55% |
| International <br> Equity<br>| Invesco V.I. International Growth Fund – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.43% | 15.53% | 1.88% | 5.34% |
| Mid Cap Blend | Invesco V.I. Main Street Mid Cap Fund<sup>®</sup> – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.19% | 8.96% | 8.83% | 9.08% |
| Small Cap <br> Blend<br>| Invesco V.I. Main Street Small Cap Fund<sup>®</sup> – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.09% | 8.44% | 8.07% | 10.31% |
| Speciality | Invesco V.I. S&P 500 Buffer Fund - December - Class II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.06% | 12.37% | N/A | N/A |
| Speciality | Invesco V.I. S&P 500 Buffer Fund - June - Class II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.05% | 13.35% | N/A | N/A |
| Speciality | Invesco V.I. S&P 500 Buffer Fund - March - Class II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.08% | 7.25% | N/A | N/A |
| Speciality | Invesco V.I. S&P 500 Buffer Fund - September - Class II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.04% | 12.63% | N/A | N/A |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Small Cap <br> Blend<br>| Invesco V.I. Small Cap Equity – Series II<br> *Adviser:* Invesco Advisers, Inc.<br>| 1.21% | 7.83% | 7.06% | 9.28% |
| Mid Cap Growth | Janus Henderson VIT Enterprise – Service Class<br> *Adviser:* Janus Henderson Investors US LLC<br>| 0.97% | 7.41% | 7.35% | 12.51% |
| Large Cap <br> Growth<br>| Janus Henderson VIT Forty – Service Class<br> *Adviser:* Janus Henderson Investors US LLC<br>| 0.87% | 17.86% | 11.37% | 15.96% |
| Mid Cap Value | Janus Henderson VIT Mid Cap Value – Service Class<br> *Adviser:* Janus Henderson Investors US LLC<br>| 1.11% | 6.29% | 8.43% | 8.40% |
| International <br> Equity<br>| Janus Henderson VIT Overseas – Service Class<br> *Adviser:* Janus Henderson Investors US LLC<br>| 0.96% | 28.58% | 9.17% | 8.97% |
| Large Cap <br> Growth<br>| Janus Henderson VIT Research – Service Class<br> *Adviser:* Janus Henderson Investors US LLC<br>| 1.07% | 18.10% | 13.83% | 15.59% |
| Multi-Sector <br> Bond<br>| Lord Abbett Series Bond-Debenture VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 0.98% | 8.33% | 2.10% | 4.72% |
| Small Cap <br> Growth<br>| Lord Abbett Series Developing Growth VC – Class VC<sup>2</sup> <br>*Adviser:* Lord, Abbett & Co. LLC<br>| 1.27% | 14.59% | -1.17% | 11.03% |
| Large Cap <br> Blend<br>| Lord Abbett Series Dividend Growth VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 1.00% | 15.98% | 12.34% | 13.06% |
| Large Cap <br> Blend<br>| Lord Abbett Series Fundamental Equity VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 1.19% | 14.29% | 11.36% | 9.75% |
| Large Cap <br> Blend<br>| Lord Abbett Series Growth and Income VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 0.93% | 17.29% | 13.34% | 11.12% |
| Mid Cap Growth | Lord Abbett Series Growth Opportunities VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 1.15% | 12.94% | 3.23% | 10.41% |
| Mid Cap Value | Lord Abbett Series Mid Cap Stock VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 1.15% | 7.05% | 10.16% | 7.98% |
| Intermediate <br> Term Bond<br>| Lord Abbett Series Total Return VC – Class VC<br> *Adviser:* Lord, Abbett & Co. LLC<br>| 0.71% | 7.19% | 0.06% | 2.27% |
| Inflation-<br> Protected Bond<br>| LVIP American Century Inflation Protection – Service <br> Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 0.76% | 6.33% | 0.62% | 2.61% |
| International <br> Equity<br>| LVIP American Century International – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 1.20% | 15.81% | 1.71% | 6.27% |
| Mid Cap Value | LVIP American Century Mid Cap Value – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 1.03% | 8.83% | 8.72% | 8.96% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Value<br>| LVIP American Century Value – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 0.90% | 15.85% | 11.47% | 10.07% |
| Large Cap <br> Value<br>| LVIP Avantis Large Cap Value – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* American Century Investment <br> Management, Inc.<br>| 0.99% | 14.56% | 8.51% | 10.12% |
| Intermediate <br> Core Bond<br>| LVIP JPMorgan Core Bond – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* J.P. Morgan Investment Management, Inc.<br>| 0.99% | 7.15% | -0.29% | 1.85% |
| Small Cap <br> Blend<br>| LVIP JPMorgan Small Cap Core – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* J.P. Morgan Investment Management, Inc.<br>| 0.88% | 10.00% | 6.13% | 8.66% |
| Large Cap <br> Blend<br>| LVIP JPMorgan U.S. Equity – Service Class<br> *Adviser:* Lincoln Financial Investments Corporation<br> *Sub-Adviser:* J.P. Morgan Investment Management, Inc.<br>| 1.00% | 14.26% | 13.40% | 14.56% |
| Emerging <br> Markets<br>| MFS<sup>®</sup> VIT Emerging Markets Equity – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 2.14% | 33.35% | 4.11% | 7.65% |
| Global <br> Allocation<br>| MFS<sup>®</sup> VIT Global Tactical Allocation – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.13% | 15.21% | 4.60% | 5.40% |
| High Yield Bond | MFS<sup>®</sup> VIT High Yield – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.06% | 8.47% | 3.63% | 5.30% |
| Large Cap <br> Growth<br>| MFS<sup>®</sup> VIT II MA Investors Growth Stock – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.04% | 9.61% | 9.74% | 13.98% |
| International <br> Equity<br>| MFS<sup>®</sup> VIT II Research International – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.22% | 21.75% | 5.25% | 7.27% |
| International <br> Equity<br>| MFS<sup>®</sup> VIT International Intrinsic Value – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.16% | 32.96% | 7.02% | 9.68% |
| Large Cap <br> Blend<br>| MFS<sup>®</sup> VIT Investors Trust – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.07% | 13.32% | 11.06% | 12.21% |
| Small Cap <br> Growth<br>| MFS<sup>®</sup> VIT New Discovery – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.20% | 12.56% | -0.54% | 10.46% |
| Large Cap <br> Blend<br>| MFS<sup>®</sup> VIT Research – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.07% | 12.57% | 10.87% | 12.65% |
| Balanced/Asset <br> Allocation<br>| MFS<sup>®</sup> VIT Total Return – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 0.96% | 10.91% | 6.16% | 7.36% |
| Intermediate <br> Term Bond<br>| MFS<sup>®</sup> VIT Total Return Bond – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 0.79% | 6.94% | -0.09% | 2.38% |
| Specialty-Sector | MFS<sup>®</sup> VIT Utilities – Service Class<br> *Adviser:* Massachusetts Financial Services Company<br>| 1.04% | 14.76% | 7.38% | 9.22% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Emerging <br> Markets Bond<br>| Morgan Stanley VIF Emerging Markets Debt – Class II<br> *Adviser:* Morgan Stanley Investment Management, Inc.<br> *Sub-Adviser:* Morgan Stanley Investment Management <br> Limited<br>| 1.62% | 15.24% | 2.66% | 4.46% |
| Emerging <br> Markets<br>| Morgan Stanley VIF Emerging Markets Equity – Class II<br> *Adviser:* Morgan Stanley Investment Management, Inc.<br> *Sub-Adviser:* Morgan Stanley Investment Management <br> Company<br>| 1.53% | 32.90% | 4.32% | 7.21% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Aggressive Growth ETF Asset Allocation <br> Portfolio – Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment Management LLC<br>| 0.85% | 20.00% | 10.55% | 10.36% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Balanced ETF Asset Allocation Portfolio – <br> Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment Management LLC<br>| 0.84% | 14.82% | 6.61% | 7.25% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Conservative ETF Asset Allocation Portfolio <br> – Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment Management LLC<br>| 0.93% | 8.82% | 2.19% | 3.50% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Growth ETF Asset Allocation Portfolio – <br> Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment Management LLC<br>| 0.82% | 17.91% | 8.82% | 9.05% |
| Asset <br> Allocation/<br> Lifestyle<br>| Morningstar Income and Growth ETF Asset Allocation <br> Portfolio – Class II<br> *Adviser:* ALPS Advisors, Inc.<br> *Sub-Adviser:* Morningstar Investment Management LLC<br>| 0.88% | 11.70% | 4.43% | 5.46% |
| Multi Cap Value | NAA All Cap Value Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.15% | 12.87% | 11.12% | 10.40% |
| Large Cap <br> Value<br>| NAA Large Cap Value Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.05% | 14.16% | 12.15% | 10.88% |
| Large Cap <br> Blend<br>| NAA Large Core Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.16% | 16.43% | 13.65% | 14.25% |
| Large Cap <br> Growth<br>| NAA Large Growth Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.17% | 17.02% | 13.89% | 17.04% |
| Mid Cap Growth | NAA Mid Growth Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.18% | 2.17% | 4.48% | 10.63% |
| Small Cap <br> Value<br>| NAA Small Cap Value Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.29% | 3.30% | 8.47% | 7.65% |
| Small Cap <br> Growth<br>| NAA Small Growth Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.42% | 6.58% | 2.59% | 8.89% |
| Mid Cap Value | NAA SMid-Cap Value Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.18% | 7.35% | 9.30% | 9.97% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Global Equity | NAA World Equity Income Series<br> *Adviser:* New Age Alpha Advisors, LLC<br>| 1.18% | 22.75% | 11.42% | 9.99% |
| Specialty | Neuberger Berman Quality Equity Portfolio – Class I<br> *Adviser:* Neuberger Berman Investment Advisers LLC<br>| 0.87% | 13.74% | 12.83% | 12.94% |
| Global <br> Allocation<br>| Nomura VIP Asset Strategy - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.04% | 16.66% | 7.07% | 7.84% |
| Balanced/Asset <br> Allocation<br>| Nomura VIP Balanced - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.08% | 11.79% | 7.85% | 8.38% |
| Large Cap <br> Growth<br>| Nomura VIP Core Equity - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.00% | 15.30% | 13.79% | 13.78% |
| Specialty-Sector | Nomura VIP Energy - Service Class<br> *Adviser:* Delaware Management Company<br> *Sub-Adviser:* Van Eck Associates Corporation<br>| 1.31% | 11.89% | 18.61% | 1.74% |
| Global Equity | Nomura VIP Global Growth - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.24% | 17.93% | 9.99% | 10.71% |
| Large Cap <br> Growth<br>| Nomura VIP Growth - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.01% | 8.41% | 11.89% | 15.40% |
| High Yield Bond | Nomura VIP High Income - Service Class<br> *Adviser:* Delaware Management Company<br> *Sub-Adviser:* Macquarie Investment Management Austria <br> Kapitalanlage AG; Macquarie Investment Management <br> Europe Limited, Macquarie Investment Management <br> Global Limited<br>| 0.97% | 7.17% | 3.73% | 5.56% |
| International <br> Equity<br>| Nomura VIP International Core Equity - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.18% | 24.17% | 7.83% | 6.62% |
| Short Term <br> Bond<br>| Nomura VIP Limited-Term Bond - Service Class<br> *Adviser:* Delaware Management Company<br> *Sub-Adviser:* Macquarie Investment Management Austria <br> Kapitalanlage AG; Macquarie Investment Management <br> Europe Limited, Macquarie Investment Management <br> Global Limited<br>| 0.87% | 4.70% | 1.75% | 2.12% |
| Mid Cap Growth | Nomura VIP Mid Cap Growth - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.17% | 1.18% | -0.08% | 10.66% |
| Specialty-Sector | Nomura VIP Natural Resources - Service Class<br> *Adviser:* Delaware Management Company<br> *Sub-Adviser:* Van Eck Associates Corporation; <br> Macquarie Investment Management Global Limited<br>| 1.29% | 37.75% | 15.73% | 6.94% |
| Specialty-Sector | Nomura VIP Science and Technology - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.15% | 33.36% | 13.71% | 17.20% |
| Small Cap <br> Growth<br>| Nomura VIP Small Cap Growth - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.21% | 13.39% | 2.20% | 8.69% |
| Small Cap <br> Blend<br>| Nomura VIP Smid Cap Core - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.20% | 8.39% | 8.07% | 9.91% |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Value<br>| Nomura VIP Value - Service Class<br> *Adviser:* Delaware Management Company<br>| 1.04% | 9.41% | 9.49% | 8.92% |
| Specialty | PIMCO VIT All Asset – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br> *Sub-Adviser:* Research Affiliates LLC<br>| 2.32% | 14.19% | 5.49% | 6.67% |
| Specialty-Sector | PIMCO VIT CommodityRealReturn Strategy – Advisor <br> Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 3.48% | 18.85% | 10.47% | 6.43% |
| Emerging <br> Markets Bond<br>| PIMCO VIT Emerging Markets Bond – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 1.27% | 14.86% | 2.34% | 4.96% |
| Global Bond | PIMCO VIT Global Bond Opportunities Portfolio <br> (Unhedged) – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 1.25% | 12.76% | 0.07% | 2.36% |
| Global <br> Allocation<br>| PIMCO VIT Global Managed Asset Allocation – Advisor <br> Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 1.51% | 21.77% | 6.94% | 7.88% |
| High Yield Bond | PIMCO VIT High Yield – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 0.91% | 8.85% | 3.87% | 5.47% |
| International <br> Bond<br>| PIMCO VIT International Bond Portfolio (Unhedged) – <br> Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 1.13% | 10.04% | -3.37% | 0.86% |
| Short Term <br> Bond<br>| PIMCO VIT Low Duration – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 0.76% | 5.42% | 1.47% | 1.69% |
| Inflation-<br> Protected Bond<br>| PIMCO VIT Real Return – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 1.49% | 7.74% | 1.11% | 3.11% |
| Short Term <br> Bond<br>| PIMCO VIT Short-Term – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 0.75% | 4.57% | 3.14% | 2.65% |
| Intermediate <br> Term Bond<br>| PIMCO VIT Total Return – Advisor Class<br> *Adviser:* Pacific Investment Management Company LLC<br>| 0.83% | 8.78% | -0.08% | 2.26% |
| Multi Cap Blend | Putnam VT Core Equity – Class IB<br> *Adviser:* Putnam Investment Management, LLC<br> *Sub-Adviser:* Franklin Advisers, Inc.; Franklin Templeton <br> Investment Management Limited<br>| 0.92% | 16.81% | 15.96% | 15.20% |
| Multi-Sector <br> Bond<br>| Putnam VT Diversified Income – Class IB<br> *Adviser:* Franklin Advisers, Inc.<br> *Sub-Adviser:* Putnam Investment Management, LLC; <br> Franklin Templeton Investment Management Limited<br>| 1.05% | 8.58% | 1.81% | 3.03% |
| Global <br> Allocation<br>| Putnam VT Global Asset Allocation – Class IB<br> *Adviser:* Franklin Advisers, Inc.<br> *Sub-Adviser:* Putnam Investment Management, LLC; <br> Franklin Templeton Investment Management Limited; <br> The Putnam Advisory Company, LLC<br>| 1.11% | 14.38% | 8.39% | 8.43% |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| High Yield Bond | Putnam VT High Yield – Class IB<br> *Adviser:* Franklin Advisers, Inc.<br> *Sub-Adviser:* Putnam Investment Management, LLC; <br> Franklin Templeton Investment Management Limited<br>| 0.96% | 8.67% | 4.05% | 5.70% |
| Intermediate <br> Term Bond<br>| Putnam VT Income – Class IB<br> *Adviser:* Franklin Advisers, Inc.<br> *Sub-Adviser:* Putnam Investment Management, LLC; <br> Franklin Templeton Investment Management Limited<br>| 0.82% | 7.25% | -1.13% | 1.89% |
| Large Cap <br> Growth<br>| Putnam VT Large Cap Growth – Class IB<br> *Adviser:* Putnam Investment Management, LLC<br> *Sub-Adviser:* Franklin Advisers, Inc.; Franklin Templeton <br> Investment Management Limited<br>| 0.87% | 14.34% | 13.44% | 17.66% |
| Large Cap <br> Value<br>| Putnam VT Large Cap Value – Class IB<br> *Adviser:* Putnam Investment Management, LLC<br> *Sub-Adviser:* Franklin Advisers, Inc.; Franklin Templeton <br> Investment Management Limited<br>| 0.79% | 20.35% | 15.38% | 13.30% |
| Small Cap <br> Growth<br>| Putnam VT Small Cap Growth – Class IB<br> *Adviser:* Putnam Investment Management, LLC<br> *Sub-Adviser:* Franklin Advisers, Inc.; Franklin Templeton <br> Investment Management Limited<br>| 1.17% | 8.80% | 6.18% | 11.45% |
| Specialty-Sector | Rydex VIF Banking<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 23.74% | 11.69% | 8.98% |
| Specialty-Sector | Rydex VIF Basic Materials<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 32.89% | 9.42% | 11.58% |
| Specialty-Sector | Rydex VIF Biotechnology<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 30.12% | 3.55% | 5.42% |
| Specialty-Sector | Rydex VIF Commodities Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.96% | 4.89% | 12.80% | 4.76% |
| Specialty-Sector | Rydex VIF Consumer Products<br> *Adviser:* Security Investors, LLC<br>| 1.84% | -3.52% | 1.32% | 3.80% |
| Specialty | Rydex VIF Dow 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.95% | 19.49% | 14.77% | 18.17% |
| Specialty-Sector | Rydex VIF Electronics<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 41.49% | 18.80% | 23.66% |
| Specialty-Sector | Rydex VIF Energy<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 7.51% | 19.52% | 4.64% |
| Specialty-Sector | Rydex VIF Energy Services<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 1.74% | 10.39% | -5.65% |
| International <br> Equity<br>| Rydex VIF Europe 1.25x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.97% | 36.46% | 10.40% | 7.59% |
| Specialty-Sector | Rydex VIF Financial Services<br> *Adviser:* Security Investors, LLC<br>| 1.88% | 10.76% | 11.31% | 9.88% |
| Government <br> Bond<br>| Rydex VIF Government Long Bond 1.2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.51% | 1.67% | -13.64% | -3.35% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Specialty-Sector | Rydex VIF Health Care<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 14.07% | 4.64% | 7.44% |
| High Yield Bond | Rydex VIF High Yield Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.80% | 9.87% | 3.52% | 4.77% |
| Specialty-Sector | Rydex VIF Internet<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 18.50% | 2.54% | 11.93% |
| Specialty | Rydex VIF Inverse Dow 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.94% | -20.69% | -18.02% | -25.05% |
| Specialty | Rydex VIF Inverse Government Long Bond Strategy<br> *Adviser:* Security Investors, LLC<br>| 5.82% | 1.85% | 12.87% | 1.41% |
| Specialty | Rydex VIF Inverse Mid-Cap Strategy<br> *Adviser:* Security Investors, LLC<br>| 2.03% | -5.11% | -7.51% | -10.94% |
| Specialty | Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.98% | -16.18% | -13.53% | -17.67% |
| Specialty | Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.98% | -9.58% | -6.24% | -11.19% |
| Specialty | Rydex VIF Inverse S&P 500 Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.94% | -11.76% | -10.49% | -12.91% |
| International <br> Equity<br>| Rydex VIF Japan 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.73% | 51.54% | 0.16% | 9.51% |
| Specialty-Sector | Rydex VIF Leisure<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 8.47% | 2.50% | 7.27% |
| Mid Cap Blend | Rydex VIF Mid-Cap 1.5x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.92% | 5.04% | 8.37% | 11.16% |
| Large Cap <br> Growth<br>| Rydex VIF NASDAQ-100<sup>®</sup><br> *Adviser:* Security Investors, LLC<br>| 1.83% | 19.04% | 13.32% | 17.60% |
| Large Cap <br> Growth<br>| Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 2.00% | 29.24% | 18.83% | 29.69% |
| Large Cap <br> Blend<br>| Rydex VIF Nova<br> *Adviser:* Security Investors, LLC<br>| 1.80% | 20.87% | 16.53% | 17.73% |
| Specialty-Sector | Rydex VIF Precious Metals<br> *Adviser:* Security Investors, LLC<br>| 1.73% | 147.37% | 17.52% | 21.08% |
| Specialty-Sector | Rydex VIF Real Estate<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 2.88% | 3.02% | 4.00% |
| Specialty-Sector | Rydex VIF Retailing<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 10.18% | 4.22% | 9.18% |
| Small Cap <br> Blend<br>| Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.99% | 12.47% | 3.43% | 9.25% |
| Small Cap <br> Blend<br>| Rydex VIF Russell 2000<sup>®</sup> 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 1.98% | 12.07% | 1.43% | 9.07% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Blend<br>| Rydex VIF S&P 500 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 2.00% | 25.28% | 19.77% | 21.33% |
| Large Cap <br> Growth<br>| Rydex VIF S&P 500 Pure Growth<br> *Adviser:* Security Investors, LLC<br>| 1.74% | 11.75% | 6.62% | 10.34% |
| Large Cap <br> Value<br>| Rydex VIF S&P 500 Pure Value<br> *Adviser:* Security Investors, LLC<br>| 1.74% | 16.02% | 12.00% | 8.64% |
| Mid Cap Growth | Rydex VIF S&P MidCap 400 Pure Growth<br> *Adviser:* Security Investors, LLC<br>| 1.74% | 7.18% | 4.39% | 6.85% |
| Mid Cap Value | Rydex VIF S&P MidCap 400 Pure Value<br> *Adviser:* Security Investors, LLC<br>| 1.74% | 6.12% | 12.00% | 10.60% |
| Small Cap <br> Growth<br>| Rydex VIF S&P SmallCap 600 Pure Growth<br> *Adviser:* Security Investors, LLC<br>| 1.74% | 8.59% | 2.89% | 6.53% |
| Small Cap <br> Value<br>| Rydex VIF S&P SmallCap 600 Pure Value<br> *Adviser:* Security Investors, LLC<br>| 1.74% | 6.77% | 12.03% | 7.65% |
| Specialty | Rydex VIF Strengthening Dollar 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 2.14% | -14.29% | 6.16% | 1.80% |
| Specialty-Sector | Rydex VIF Technology<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 25.70% | 12.27% | 18.37% |
| Specialty-Sector | Rydex VIF Telecommunications<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 31.13% | 5.45% | 6.64% |
| Specialty-Sector | Rydex VIF Transportation<br> *Adviser:* Security Investors, LLC<br>| 1.83% | 11.79% | 2.32% | 8.06% |
| Money Market | Rydex VIF U.S. Government Money Market<br> *Adviser:* Security Investors, LLC<br>| 1.49% | 2.84% | 2.22% | 1.26% |
| Specialty-Sector | Rydex VIF Utilities<br> *Adviser:* Security Investors, LLC<br>| 1.84% | 17.07% | 8.56% | 8.60% |
| Specialty | Rydex VIF Weakening Dollar 2x Strategy<br> *Adviser:* Security Investors, LLC<br>| 2.14% | 18.97% | -5.72% | -2.86% |
| Large Cap <br> Growth<br>| T. Rowe Price Blue Chip Growth – Class II<br> *Adviser:* T. Rowe Price Associates, Inc.<br>| 1.00% | 18.43% | 11.41% | 15.25% |
| Large Cap <br> Value<br>| T. Rowe Price Equity Income – Class II<br> *Adviser:* T. Rowe Price Associates, Inc.<br>| 0.99% | 14.07% | 10.89% | 10.24% |
| Specialty-Sector | T. Rowe Price Health Sciences – Class II<br> *Adviser:* T. Rowe Price Associates, Inc.<br>| 1.11% | 17.80% | 3.86% | 8.70% |
| Short Term <br> Bond<br>| T. Rowe Price Limited-Term Bond – Class II<br> *Adviser:* T. Rowe Price Associates, Inc.<br>| 0.85% | 5.46% | 1.91% | 2.09% |
| Emerging <br> Markets<br>| Templeton Emerging Markets VIP Fund – Class 2<br> *Adviser:* Templeton Asset Management Ltd<br> *Sub-Adviser:* Franklin Templeton Investment <br> Management Limited<br>| 1.37% | 46.27% | 5.46% | 10.40% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| International <br> Equity<br>| Templeton Foreign VIP Fund – Class 2<br> *Adviser:* Templeton Investment Counsel, LLC<br>| 1.09% | 29.19% | 8.25% | 5.75% |
| Global Bond | Templeton Global Bond VIP Fund – Class 2<br> *Adviser:* Franklin Advisers, Inc.<br>| 0.78% | 15.73% | -0.96% | -0.15% |
| Global Equity | Templeton Growth VIP Fund – Class 2<br> *Adviser:* Templeton Global Advisors Limited<br>| 1.19% | 23.83% | 7.95% | 7.04% |
| World Large <br> Stock<br>| Third Avenue Value<br> *Adviser:* Third Avenue Management LLC<br>| 1.38% | 34.85% | 17.68% | 9.66% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Aggressive ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 0.79% | 18.53% | 9.15% | 9.99% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Balanced ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 0.79% | 12.59% | 5.26% | 6.10% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Conservative ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 0.81% | 9.76% | 4.09% | 4.77% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Managed Risk Balanced ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 1.01% | 7.85% | -1.85% | 1.85% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Managed Risk Moderate ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 1.00% | 10.50% | 3.15% | 4.73% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Managed Risk Moderately Aggressive ETF – <br> Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 1.00% | 11.58% | 5.25% | 5.93% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Moderate ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 0.78% | 14.87% | 6.66% | 7.63% |
| Balanced/Asset <br> Allocation<br>| TOPS<sup>®</sup> Moderately Aggressive ETF – Investor Class<br> *Adviser:* ValMark Advisers, Inc.<br> *Sub-Adviser:* Milliman Financial Risk Management LLC<br>| 0.79% | 17.74% | 8.30% | 9.12% |
| Specialty-Sector | VanEck VIP Global Gold – Class S<br> *Adviser:* Van Eck Associates Corporation<br>| 1.47% | 164.43% | 20.00% | 20.89% |
| Specialty-Sector | VanEck VIP Global Resources – Class S<br> *Adviser:* Van Eck Associates Corporation<br>| 1.32% | 36.17% | 10.24% | 8.06% |
| Balanced/Asset <br> Allocation<br>| Vanguard<sup>®</sup> VIF Balanced<br> *Adviser:* Wellington Management Company LLP<br>| 0.20% | 16.46% | 9.29% | 10.03% |
| Large Cap <br> Growth<br>| Vanguard<sup>®</sup> VIF Capital Growth<br> *Adviser:* PRIMECAP Management Company<br>| 0.34% | 28.98% | 13.97% | 14.96% |
| Asset <br> Allocation/<br> Lifestyle<br>| Vanguard<sup>®</sup> VIF Conservative Allocation<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.12% | 12.73% | 4.22% | 6.14% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Large Cap <br> Value<br>| Vanguard<sup>®</sup> VIF Diversified Value<br> *Adviser:* Aristotle Capital Management, LLC; Harris <br> Associates L.P.; Hotchkis and Wiley Capital <br> Management, LLC<br>| 0.28% | 16.83% | 13.24% | 11.76% |
| Large Cap <br> Value<br>| Vanguard<sup>®</sup> VIF Equity Income<br> *Adviser:* Wellington Management Company LLP; The <br> Vanguard Group, Inc.<br>| 0.29% | 16.80% | 12.59% | 11.52% |
| Large Cap <br> Blend<br>| Vanguard<sup>®</sup> VIF Equity Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.14% | 17.70% | 14.27% | 14.66% |
| Global Bond | Vanguard<sup>®</sup> VIF Global Bond Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.13% | 5.69% | -0.41% | N/A |
| Large Cap <br> Growth<br>| Vanguard<sup>®</sup> VIF Growth<br> *Adviser:* Wellington Management Company LLP<br>| 0.36% | 16.89% | 11.36% | 15.58% |
| High Yield Bond | Vanguard<sup>®</sup> VIF High Yield Bond<br> *Adviser:* Wellington Management Company LLP; The <br> Vanguard Group, Inc.<br>| 0.24% | 9.18% | 4.05% | 5.62% |
| International <br> Equity<br>| Vanguard<sup>®</sup> VIF International<br> *Adviser:* Baillie Gifford Overseas Ltd; Schroder <br> Investment Management North America Inc.<br>| 0.32% | 19.97% | 0.62% | 10.48% |
| Mid Cap Blend | Vanguard<sup>®</sup> VIF Mid-Cap Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.17% | 11.54% | 8.46% | 10.77% |
| Asset <br> Allocation/<br> Lifestyle<br>| Vanguard<sup>®</sup> VIF Moderate Allocation<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.12% | 16.19% | 6.51% | 8.14% |
| Specialty-Sector | Vanguard<sup>®</sup> VIF Real Estate Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.26% | 3.11% | 4.51% | 5.08% |
| Short Term <br> Bond<br>| Vanguard<sup>®</sup> VIF Short Term Investment Grade<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.14% | 6.85% | 2.23% | 2.81% |
| Small Cap <br> Growth<br>| Vanguard<sup>®</sup> VIF Small Company Growth<sup>2</sup> <br>*Adviser:* ArrowMark Colorado Holdings, LLC; The <br> Vanguard Group, Inc.<br>| 0.29% | 6.11% | 3.81% | 9.61% |
| Intermediate <br> Term Bond<br>| Vanguard<sup>®</sup> VIF Total Bond Market Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.14% | 6.94% | -0.51% | 1.90% |
| International <br> Equity<br>| Vanguard<sup>®</sup> VIF Total International Stock Market Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.08% | 32.04% | 7.88% | N/A |
| Large Cap <br> Blend<br>| Vanguard<sup>®</sup> VIF Total Stock Market Index<br> *Adviser:* The Vanguard Group, Inc.<br>| 0.13% | 16.93% | 12.98% | 14.10% |
| Intermediate <br> Term Bond<br>| Victory Pioneer Bond VCT – Class II<br> *Adviser:* Victory Capital Management Inc.<br>| 1.17% | 8.88% | 0.51% | 2.59% |
| Large Cap <br> Value<br>| Victory Pioneer Equity Income VCT - Class II<br> *Adviser:* Victory Capital Management Inc.<br>| 1.05% | 11.14% | 8.81% | 9.11% |
| High Yield Bond | Victory Pioneer High Yield VCT - Class II<br> *Adviser:* Victory Capital Management Inc.<br>| 1.36% | 7.92% | 3.95% | 5.16% |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/2025)** |
| **Investment**<br> **Type** | **Fund**<br> **Adviser/Sub-Adviser** | **Current**<br> **Expenses**<sup>1</sup> | **1 Year** | **5 Year** | **10 Year** |
| Multi-Sector <br> Bond<br>| Victory Pioneer Strategic Income VCT - Class II<br> *Adviser:* Victory Capital Management Inc.<br>| 1.96% | 10.85% | 1.99% | 3.64% |
| Specialty-Sector | Virtus Duff & Phelps Real Estate Securities Series – <br> Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Duff & Phelps Investment Management Co.<br>| 1.19% | 0.72% | 6.06% | 5.95% |
| Small Cap <br> Growth<br>| Virtus KAR Small-Cap Growth Series – Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Kayne Anderson Rudnick Investment <br> Management LLC<br>| 1.33% | -22.62% | -5.76% | 11.33% |
| Multi-Sector <br> Bond<br>| Virtus Newfleet Multi-Sector Intermediate Bond Series – <br> Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Newfleet Asset Management<br>| 0.98% | 7.58% | 2.52% | 4.23% |
| International <br> Equity<br>| Virtus SGA International Growth Series – Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Sustainable Growth Advisers, LP<br>| 1.21% | 9.26% | 1.42% | 4.10% |
| Balanced/Asset <br> Allocation<br>| Virtus Tactical Allocation Series – Class A<br> *Adviser:* Virtus Investment Advisers, LLC<br> *Sub-Adviser:* Kayne Anderson Rudnick Investment <br> Management, LLC<br>| 1.07% | 6.79% | 2.09% | 7.77% |
| Mid Cap Growth | Voya MidCap Opportunities Portfolio – Class S2<br> *Adviser:* Voya Investments, LLC<br> *Sub-Adviser:* Voya Investment Management Co. LLC<br>| 1.47% | 3.49% | 4.14% | 10.53% |
| Specialty-Sector | VY<sup>®</sup> CBRE Global Real Estate Portfolio – Class S2<br> *Adviser:* Voya Investments, LLC<br> *Sub-Adviser:* CBRE Investment Management Listed Real <br> Assets, LLC<br>| 1.52% | 6.35% | 3.60% | 3.57% |
| Specialty-Sector | VY<sup>®</sup> Columbia Real Estate Portfolio – Class S2<br> *Adviser:* Voya Investments, LLC<br> *Sub-Adviser:* Columbia Management Investment <br> Advisers, LLC<br>| 1.40% | -0.10% | 5.51% | 4.64% |
| High Yield Bond | Western Asset Variable Global High Yield Bond – Class <br> II<br> *Adviser:* Franklin Templeton Fund Adviser, LLC<br> *Sub-Adviser:* Western Asset Management Company, <br> LLC; Western Asset Management Company Limited <br> (London); Western Asset Management Company Pte. <br> Ltd. (Singapore)<br>| 1.06% | 9.95% | 2.34% | 5.09% |
| 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements | 1<br> Certain Investment Portfolios and their investment advisers have entered into temporary expense reimbursement and/or fee waivers. Please <br> see the Investment Portfolios' prospectuses for additional information regarding these arrangements |
| 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. | 2<br> This fund is no longer available for new transfers. |

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**Optional Rider Investment Restrictions**

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The optional riders are not subject to investment restrictions.

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

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The Statement of Additional Information (SAI) contains additional information about the Contract, us, and the Separate Account, including financial statements. The SAI is dated the same date as this Prospectus and the SAI is incorporated by reference into this Prospectus. You may request a free copy of the SAI or submit inquiries about the Contract by writing the Company at its Administrative Office, P.O. Box 750497, Topeka, KS 66675-0497, by calling 1-800-888-2461 or by visiting us online at https://vpx.broadridge.com/GetContract1.asp?doctype=pros&cid=sblife&fid=336277504&template=fsblny.

You may also obtain reports and other information about the Separate Account on the SEC's website at www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

EDGAR Contract Identifier C000049771

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**ELITEDESIGNS**<sup>®</sup> **VARIABLE ANNUITY** 

**(for Contracts issued on or after April 18, 2011)** 

**May 1, 2026** 

**Variable Annuity Account A** 

**Individual Flexible Purchase Payment Deferred Variable Annuity Contract** 

**Statement of Additional Information**

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| | |
|:---|:---|
| **Issued By:** | **Mailing Address:** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **First Security Benefit Life Insurance and Annuity**<br> **Company of New York**<br> **121 State Street**<br> **Albany, NY 12207**<br> **1-800-355-4570**<br> **www.fsbl.com**<br>| **First Security Benefit Life Insurance and Annuity**<br> **Company of New York**<br> **P.O. Box 750497**<br> **Topeka, Kansas 66675-0497**<br>|

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This Statement of Additional Information is not a prospectus; it should be read in conjunction with the current Prospectus for the EliteDesigns Variable Annuity dated May 1, 2026, as it may be supplemented from time to time. A copy of the Prospectus may be obtained free of charge from the Company by calling 1-800-888-2461 or by writing P.O. Box 750497, Topeka, Kansas 66675-0497.

7013C (PRS)

32-70130-03 2026/05/01

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**Table of Contents**

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| | |
|:---|:---|
|  | Page |
| **General Information and History** | **2** |
| [The Company](#xx_352fe140-e354-4319-95a1-81690a96e5d1_1) | 2 |
| [The Separate Account](#xx_352fe140-e354-4319-95a1-81690a96e5d1_1) | 2 |
| [Principal Underwriter](#xx_352fe140-e354-4319-95a1-81690a96e5d1_1) | 2 |
| [General Information](#xx_352fe140-e354-4319-95a1-81690a96e5d1_1) | 2 |
| [Safekeeping of Assets](#xx_352fe140-e354-4319-95a1-81690a96e5d1_1) | 2 |
| **[Non-Principal Risks of Investing in the Contract](#xx_352fe140-e354-4319-95a1-81690a96e5d1_1)** | **2** |
| **[Additional Payments to Service Providers](#xx_352fe140-e354-4319-95a1-81690a96e5d1_1)** | **2** |
| **[Custodian](#xx_352fe140-e354-4319-95a1-81690a96e5d1_1)** | **2** |
| **[Method of Deducting the Excess Charge](#xx_352fe140-e354-4319-95a1-81690a96e5d1_2)** | **3** |
| **[Limits on Purchase Payments Paid Under Tax-Qualified Retirement Plans](#xx_352fe140-e354-4319-95a1-81690a96e5d1_3)** | **4** |
| [Sections 408 and 408A](#xx_352fe140-e354-4319-95a1-81690a96e5d1_3) | 4 |
| **[Performance Information](#xx_352fe140-e354-4319-95a1-81690a96e5d1_3)** | **4** |
| **[Mixed and Shared Funding Conflicts](#xx_352fe140-e354-4319-95a1-81690a96e5d1_4)** | **5** |
| **[Independent Registered Public Accounting Firm](#xx_352fe140-e354-4319-95a1-81690a96e5d1_4)** | **5** |
| **[Financial Statements](#xx_352fe140-e354-4319-95a1-81690a96e5d1_4)** | **5** |

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**General Information and History**

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**The Company —** The Company is a life insurance company that offers life insurance policies and annuity contracts, as well as financial and retirement services. The Company is a stock life insurance company organized under the insurance laws of the State of New York on November 8, 1994. The Company offers fixed and variable annuity contracts in New York and is admitted to do business in that state. On September 8, 1995, the Company merged with and is the successor corporation of Pioneer National Life Insurance Company, a stock life insurance company organized under the laws of the State of Kansas. The Company's indirect parent, Eldridge Industries, LLC, owns, operates and invests in businesses across a wide range of sectors and is ultimately controlled by Todd L. Boehly.

**The Separate Account —** The Company established Variable Annuity Account A as a separate account under New York law on January 22, 1996. The Separate Account is registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended (the "1940 Act").

**Principal Underwriter —** The Company currently offers the Contract on a continuous basis. The Company anticipates continuing to offer the Contract but reserves the right to discontinue the offering. The Principal Underwriter for the Contract is Security Distributors, LLC ("SDL"), located at One Security Benefit Place, Topeka, Kansas 66636-0001. SDL, a wholly-owned subsidiary of Security Benefit Life Insurance Company, an affiliate of the Company, is registered as a broker-dealer with the SEC and is a member of the Financial Industry Regulatory Authority ("FINRA").

The Company pays commissions directly to SDL, as well as to Selling Broker-Dealers through SDL in connection with sales of the Contract. During fiscal years 2025, 2024, and 2023, the amounts paid to SDL in connection with all Contracts sold through the Separate Account were $0, $0, and $0, respectively. SDL passes through commissions it receives either to the SDL registered representatives involved in the sales process or to the Selling Broker-Dealers for their sales of the Contract, as applicable. However, the Company (or an affiliate) pays some or all of SDL's operating and other expenses, including the following sales expenses: compensation and bonuses for SDL's management team, compensation and benefits for SDL's registered representatives, advertising expenses, and other expenses of distributing the Contract.

**General Information —** For a description of the Contract, the Company, and the Separate Account, see the Prospectus for the Contract. This Statement of Additional Information contains information that supplements the information in the Prospectus. Defined terms used in this Statement of Additional Information have the same meaning as terms defined in the section entitled "Definitions" in the Prospectus.

**Safekeeping of Assets —** The Company is responsible for the safekeeping of the assets of the Subaccounts. These assets, which consist of shares of the Underlying Funds in non-certificated form, are held separate and apart from the assets of the Company's General Account and its other separate accounts.

**Non-Principal Risks of Investing in the Contract**

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All non-principal risks of purchasing the Contract are disclosed in the Prospectus in their related subject matter sections.

**Additional Payments to Service Providers**

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The Company has entered into an administrative services agreement with its affiliate, Security Benefit Life Insurance Company ("SBL"). Pursuant to this agreement, SBL provides management and administrative services for the Separate Account and the Contract, including underwriting, claims, and actuarial services. The Company reimburses SBL for the services and facilities it provides to the Company. For the years ended December 31, 2025, 2024, and 2023, the Company paid $208,986, $229,608, and $235,696, respectively, under the agreement.

**Custodian**

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The Company acts as custodian of the Separate Account. We have custody of all assets and cash of the Separate Account and handle the collection of proceeds of shares of the Underlying Funds bought and sold by the Separate Account.

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**Method of Deducting the Excess Charge**

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The minimum mortality and expense risk charge of 0%, and the administration charge of 0.25%, on an annual basis, of each Subaccount's average daily net assets, are factored into the accumulation unit value or "price" of each Subaccount on each Valuation Date. The Company deducts any mortality and expense risk charge above the minimum charge and the charge for any optional riders (the "Excess Charge") on a monthly basis.

Each Subaccount declares a monthly subaccount adjustment and the Company deducts the Excess Charge from this monthly subaccount adjustment upon its reinvestment in the Subaccount. The Excess Charge is a percentage of your Contract Value allocated to the Subaccount as of the reinvestment date. The monthly subaccount adjustment is paid only for the purpose of collecting the Excess Charge. Assuming you owe a charge above the minimum mortality and expense risk charge and the administration charge, or if you have elected a rider, your Contract Value will be reduced in the amount of your Excess Charge upon reinvestment of the Subaccount's monthly subaccount adjustment. The Company reserves the right to compute and deduct the Excess Charge from each Subaccount on each Valuation Date.

The Company will declare a monthly subaccount adjustment for each Subaccount on one Valuation Date of each calendar month ("Record Date"). The Company will pay the monthly subaccount adjustment on a subsequent Valuation Date ("Reinvestment Date") within five Valuation Dates of the Record Date. Such subaccount adjustment will be declared as a dollar amount per Accumulation Unit.

For each Subaccount, any Owner as of the Record Date will receive on the Reinvestment Date a net subaccount adjustment equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the amount of subaccount adjustment per Accumulation Unit; times

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the number of Accumulation Units allocated to the Subaccount as of the Record Date; less

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. the amount of the Excess Charge for that Subaccount; provided that the Company will not deduct any Excess Charge from the first subaccount adjustment following the Contract Date.

The net monthly subaccount adjustment will be reinvested on the Reinvestment Date at the Accumulation Unit Value determined as of the close of that date in Accumulation Units of the Subaccount.

An example of this process is as follows. Assuming Contract Value of $50,000 allocated to the Invesco V.I. Main Street Small Cap Fund<sup>®</sup> Subaccount and the Return of Premium Death Benefit Rider (with an annual charge of 0.35% for Contracts issued on or after February 1, 2013), the Excess Charge would be computed as follows:

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| | |
|:---|:---|
| Mortality and Expense Risk Charge | 0.20% |
| Plus: Optional Rider Charge | 0.35% |
| Less: Minimum Charge | <u>0.00%</u> |
| Excess Charge on an Annual Basis | 0.55% |

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Further assuming 5,000 Accumulation Units with an Accumulation Unit Value of $10 per unit on December 30 and a gross subaccount adjustment of $0.025 per unit declared on December 31 (Record Date), the net subaccount adjustment amount would be as follows:

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| | | |
|:---|:---|:---|
| Accumulation Unit Value as of Valuation Date before Record Date  |  | &nbsp;&nbsp; $10.00 |
| Accumulation Unit Value as of Reinvestment Date | - | &nbsp;&nbsp; <u>$</u><u>9.975</u> |
| Gross Subaccount Adjustment Per Unit |  | &nbsp;&nbsp; $0.025 |
| Less: Excess Charge Per Unit | - | &nbsp;&nbsp; <u>$</u><u>0.00466</u> |
| Net Subaccount Adjustment Per Unit |  | &nbsp;&nbsp; $0.02034 |
| Times: Number of Accumulation Units | x | &nbsp;&nbsp; <u>5000</u> |
| Net Subaccount Adjustment Amount |  | &nbsp;&nbsp; $101.70 |

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The net monthly subaccount adjustment amount would be reinvested on the Reinvestment Date in Accumulation Units of the Invesco V.I. Main Street Small Cap Fund<sup>®</sup> Subaccount as follows: $0.02034 (net monthly subaccount adjustment per unit) divided by $9.975 (Accumulation Unit value as of the Reinvestment Date) times 5,000 Units equals 10.196 Accumulation Units. On the Reinvestment Date, 10.196 Accumulation Units are added to Contract Value for a total of 5,010.196 Accumulation Units after the monthly subaccount adjustment reinvestment. Contract

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Value on the Reinvestment Date is equal to 5,010.196 Accumulation Units times $9.975 (Accumulation Unit Value as of the Reinvestment Date) for a Contract Value of $49,976.70 after the monthly subaccount adjustment reinvestment.

After the Annuity Start Date, the Company will deduct an annual mortality and expense risk charge of 0.30% during the Annuity Period. This charge is factored into the annuity unit values on each Valuation Date.

**Limits on Purchase Payments Paid Under Tax-Qualified Retirement Plans**

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**Sections 408 and 408A —** Premiums (other than rollover contributions) paid under a Contract used in connection with a traditional or Roth individual retirement annuity (IRA) that is described in Section 408 or Section 408A of the Internal Revenue Code are subject to the limits on contributions to IRAs under Section 219(b) of the Internal Revenue Code. Under Section 219(b) of the Code, contributions (other than rollover contributions) to an IRA are limited to the lesser of (i) $7,500 (for 2026) or (ii) 100% of the individual's taxable compensation.

If an individual is age 50 or over, the individual may make an additional catch up contribution to a traditional or Roth IRA of $1,100 in 2026 (indexed for inflation in future tax years).

Spousal IRAs allow an Owner and his or her spouse to each contribute up to the applicable dollar amount to their respective IRAs so long as a joint tax return is filed and joint income is at least equal to the combined contributions. The maximum amount the higher compensated spouse may contribute for the year is the lesser of (i) $7,500 or $8,600 if age 50 or older (for 2026) or (ii) 100% of that spouse's compensation. The maximum the lower compensated spouse may contribute is the lesser of (i) $7,500 or $8,600 if age 50 or older (for 2026) or (ii) 100% of that spouse's compensation plus the amount by which the higher compensated spouse's compensation exceeds the amount the higher compensated spouse contributes to his or her IRA. The extent to which an Owner may deduct contributions to a traditional IRA depends on the gross income of the Owner and his or her spouse for the year and whether either is an "active participant" in an employer-sponsored retirement plan.

Premiums under a Contract used in connection with a simplified employee pension plan described in Section 408 of the Internal Revenue Code are subject to limits under Section 402(h) of the Internal Revenue Code. Section 402(h) currently limits employer contributions and salary reduction contributions (if permitted) under a simplified employee pension plan to the lesser of (a) 25% of the compensation of the participant in the Plan, or (b) $72,000 (for 2026). Salary reduction contributions, if any, are subject to additional annual limits.

**Performance Information**

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Performance information for the Subaccounts of the Separate Account, including the yield and effective yield of the Rydex VIF U.S. Government Money Market Subaccount, and the average annual total return and total return of all Subaccounts, may appear in advertisements, reports, and promotional literature provided to current or prospective Owners.

Quotations of yield for the Rydex VIF U.S. Government Money Market Subaccount will be based on the change in the value, exclusive of capital changes and income other than investment income, of a hypothetical investment in a Contract over a particular seven day period, less a hypothetical charge reflecting deductions from the Contract during the period (the "base period") and stated as a percentage of the investment at the start of the base period (the "base period return"). The base period return is then annualized based on the formula provided below with the resulting yield figure carried to at least the nearest one hundredth of one percent. Any quotations of effective yield for the Rydex VIF U.S. Government Money Market Subaccount assume that all monthly subaccount adjustments received during an annual period have been reinvested. Calculation of "effective yield" begins with the same "base period return" used in the yield calculation, which is then annualized to reflect weekly compounding pursuant to the following formula:

Effective Yield = [(Base Period Return + 1)<sup>365/7</sup>] - 1

Quotations of average annual total return for any Subaccount will be expressed in terms of the average annual compounded rate of return of a hypothetical investment in a Contract over a period of one, five and ten years (or, if less, up to the life of the Subaccount), calculated pursuant to the following formula: P(1 + T)<sup>n</sup> = ERV (where P = a hypothetical initial payment of $1,000, T = the average annual total return, n = the number of years, and ERV = the ending redeemable value of a hypothetical $1,000 payment made at the beginning of the period).

Average annual total return figures (referred to as "Standardized Total Return") are calculated from the inception date of the Subaccounts under the Contract, and reflect the deduction of the following charges: (1) the maximum

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mortality and expense risk charge of 0.20%; (2) the highest Return of Premium Death Benefit Rider Charge of 0.35%; and the administration charge of 0.25%.

Total return figures may also be shown for periods beginning prior to the availability of the Contract. Such total return figures are based upon the performance of the Underlying Funds, adjusted to reflect the maximum charges imposed under the Contract. Any quotation of performance that pre-dates the date of inception of the Separate Account (or a Subaccount thereof as applicable) will be accompanied by Standardized Total Return figures that reflect the deduction of all fees and charges since the date of inception of the Separate Account or Subaccount.

Quotations of total return for any Subaccount will be based on a hypothetical investment in a Subaccount over a certain period and will be computed by subtracting the initial value of the investment from the ending value and dividing the remainder by the initial value of the investment. Such quotations of total return will reflect the deduction of all applicable charges to the Contract and the Separate Account (on an annual basis).

Performance information for any Subaccount reflects only the performance of a hypothetical Contract under which Contract Value is allocated to that Subaccount during a particular time period on which the calculations are based. Performance information should be considered in light of the investment objectives and policies, characteristics and quality of the Underlying Fund in which the Subaccount invests, and the market conditions during the given time period, and should not be considered as a representation of what may be achieved in the future. Yields and total returns do not reflect any advisory fees paid to financial intermediaries from your Contract Value or other assets. If such charges were reflected, performance would be lower.

**Mixed and Shared Funding Conflicts**

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Because the Underlying Funds may serve as investment vehicles for both variable life insurance policies and variable annuity contracts ("mixed funding") and shares of the Underlying Funds also may be sold to separate accounts of other insurance companies ("shared funding"), material conflicts could occur. The Company currently does not foresee any disadvantages to Owners arising from either mixed or shared funding; however, due to differences in tax treatment or other considerations, it is possible that the interests of owners of various contracts for which the Underlying Funds serve as investment vehicles might at some time be in conflict. However, the Company, each Underlying Fund's Board of Directors, and any other insurance companies that participate in the Underlying Funds are required to monitor events in order to identify any material conflicts that arise from mixed and/or shared funding. If such a conflict were to occur, the Company would take steps necessary to protect Owners, including withdrawal of the Separate Account from participation in the Underlying Fund(s) involved in the conflict. This might force the Underlying Fund to sell securities at disadvantageous prices.

**Independent Registered Public Accounting Firm**

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The financial statements of First Security Benefit Life Insurance and Annuity Company of New York at December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, and the financial statements of Variable Annuity Account A at December 31, 2025, and for each of the specified periods ended December 31, 2025 and 2024, or for portions of such periods as disclosed in the financial statements appearing in this Statement of Additional Information have been audited by Ernst & Young LLP, 1828 Walnut Street, Suite 600, Kansas City, Missouri, 64108-1840, independent registered public accounting firm, as set forth in their reports thereon appearing elsewhere herein, and are included in reliance upon such reports given on the authority of such firm as experts in accounting and auditing.

**Financial Statements**

------

The financial statements of First Security Benefit Life Insurance and Annuity Company of New York at December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, and the financial statements of Variable Annuity Account A at December 31, 2025, and for each of the specified periods ended December 31, 2025 and 2024, or for portions of such periods as disclosed in the financial statements, are set forth herein, following this section.

The financial statements of First Security Benefit Life Insurance and Annuity Company of New York, which are included in this Statement of Additional Information, should be considered only as bearing on the ability of the Company to meet its obligations under the Contract. They should not be considered as bearing on the investment performance of the assets held in the Separate Account.

------

**ELITEDESIGNS**<sup>®</sup> **II VARIABLE ANNUITY** 

**May 1, 2026** 

**Variable Annuity Account A** 

**Individual Flexible Purchase Payment Deferred Variable Annuity Contract** 

**Statement of Additional Information**

---

| | |
|:---|:---|
| **Issued By:** | **Mailing Address:** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **First Security Benefit Life Insurance and Annuity**<br> **Company of New York**<br> **121 State Street**<br> **Albany, NY 12207**<br> **1-800-355-4570**<br> **www.fsbl.com**<br>| **First Security Benefit Life Insurance and Annuity**<br> **Company of New York**<br> **P.O. Box 750497**<br> **Topeka, Kansas 66675-0497**<br>|

---

------

This Statement of Additional Information is not a prospectus; it should be read in conjunction with the current Prospectus for the EliteDesigns II Variable Annuity dated May 1, 2026, as it may be supplemented from time to time. A copy of the Prospectus may be obtained free of charge from the Company by calling 1-800-888-2461 or by writing P.O. Box 750497, Topeka, Kansas 66675-0497.

7013E (COMM)

32-70130-05 2026/05/01

------

**Table of Contents**

------

---

| | |
|:---|:---|
|  | Page |
| **General Information and History** | **2** |
| [The Company](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_1) | 2 |
| [The Separate Account](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_1) | 2 |
| [Principal Underwriter](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_1) | 2 |
| [General Information](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_1) | 2 |
| [Safekeeping of Assets](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_1) | 2 |
| **[Non-Principal Risks of Investing in the Contract](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_1)** | **2** |
| **[Additional Payments to Service Providers](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_1)** | **2** |
| **[Custodian](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_1)** | **2** |
| **[Method of Deducting the Excess Charge](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_2)** | **3** |
| **[Limits on Purchase Payments Paid Under Tax-Qualified Retirement Plans](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_3)** | **4** |
| [Sections 408 and 408A](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_3) | 4 |
| **[Performance Information](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_3)** | **4** |
| **[Mixed and Shared Funding Conflicts](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_4)** | **5** |
| **[Independent Registered Public Accounting Firm](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_4)** | **5** |
| **[Financial Statements](#xx_caef8ba7-a2de-4e0c-a97b-b07ec247f590_4)** | **5** |

---

------

**General Information and History**

------

**The Company —** The Company is a life insurance company that offers life insurance policies and annuity contracts, as well as financial and retirement services. The Company is a stock life insurance company organized under the insurance laws of the State of New York on November 8, 1994. The Company offers fixed and variable annuity contracts in New York and is admitted to do business in that state. On September 8, 1995, the Company merged with and is the successor corporation of Pioneer National Life Insurance Company, a stock life insurance company organized under the laws of the State of Kansas. The Company's indirect parent, Eldridge Industries, LLC, owns, operates and invests in businesses across a wide range of sectors and is ultimately controlled by Todd L. Boehly.

**The Separate Account —** The Company established Variable Annuity Account A as a separate account under New York law on January 22, 1996. The Separate Account is registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended (the "1940 Act").

**Principal Underwriter —** The Company currently offers the Contract on a continuous basis. The Company anticipates continuing to offer the Contract but reserves the right to discontinue the offering. The Principal Underwriter for the Contract is Security Distributors, LLC ("SDL"), located at One Security Benefit Place, Topeka, Kansas 66636-0001. SDL, a wholly-owned subsidiary of Security Benefit Life Insurance Company, an affiliate of the Company, is registered as a broker-dealer with the SEC and is a member of the Financial Industry Regulatory Authority ("FINRA").

The Company pays commissions directly to SDL, as well as to Selling Broker-Dealers through SDL in connection with sales of the Contract. During fiscal years 2025, 2024, and 2023, the amounts paid to SDL in connection with all Contracts sold through the Separate Account were $0, $0, and $0, respectively. SDL passes through commissions it receives to Selling Broker-Dealers for their sales and does not retain any portion of commissions it receives as principal underwriter for the Contract. However, the Company (or an affiliate) pays some or all of SDL's operating and other expenses, including the following sales expenses: compensation and bonuses for SDL's management team, compensation and benefits for SDL's registered representatives, advertising expenses, and other expenses of distributing the Contract.

**General Information —** For a description of the Contract, the Company, and the Separate Account, see the Prospectus for the Contract. This Statement of Additional Information contains information that supplements the information in the Prospectus. Defined terms used in this Statement of Additional Information have the same meaning as terms defined in the section entitled "Definitions" in the Prospectus.

**Safekeeping of Assets —** The Company is responsible for the safekeeping of the assets of the Subaccounts. These assets, which consist of shares of the Underlying Funds in non-certificated form, are held separate and apart from the assets of the Company's General Account and its other separate accounts.

**Non-Principal Risks of Investing in the Contract**

------

All non-principal risks of purchasing the Contract are disclosed in the Prospectus in their related subject matter sections.

**Additional Payments to Service Providers**

------

The Company has entered into an administrative services agreement with its affiliate, Security Benefit Life Insurance Company ("SBL"). Pursuant to this agreement, SBL provides management and administrative services for the Separate Account and the Contract, including underwriting, claims, and actuarial services. The Company reimburses SBL for the services and facilities it provides to the Company. For the years ended December 31, 2025, 2024, and 2023, the Company paid $208,986, $229,608, and $235,696, respectively, under the agreement.

**Custodian**

------

The Company acts as custodian of the Separate Account. We have custody of all assets and cash of the Separate Account and handle the collection of proceeds of shares of the Underlying Funds bought and sold by the Separate Account.

------

**Method of Deducting the Excess Charge**

------

The minimum mortality and expense risk charge of 1.00%, and the administration charge (which ranges from 0.25% to 0.65% depending on the Subaccount), on an annual basis, of each Subaccount's average daily net assets, are factored into the accumulation unit value or "price" of each Subaccount on each Valuation Date. The Company deducts any mortality and expense risk charge above the minimum charge and the charge for any optional riders (the "Excess Charge") on a monthly basis.

Each Subaccount declares a monthly subaccount adjustment and the Company deducts the Excess Charge from this monthly subaccount adjustment upon its reinvestment in the Subaccount. The Excess Charge is a percentage of your Contract Value allocated to the Subaccount as of the reinvestment date. The monthly subaccount adjustment is paid only for the purpose of collecting the Excess Charge. Assuming you owe a charge above the minimum mortality and expense risk charge and the administration charge, or if you have elected a rider, your Contract Value will be reduced in the amount of your Excess Charge upon reinvestment of the Subaccount's monthly subaccount adjustment. The Company reserves the right to compute and deduct the Excess Charge from each Subaccount on each Valuation Date.

The Company will declare a monthly subaccount adjustment for each Subaccount on one Valuation Date of each calendar month ("Record Date"). The Company will pay the monthly subaccount adjustment on a subsequent Valuation Date ("Reinvestment Date") within five Valuation Dates of the Record Date. Such subaccount adjustment will be declared as a dollar amount per Accumulation Unit.

For each Subaccount, any Owner as of the Record Date will receive on the Reinvestment Date a net subaccount adjustment equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the amount of subaccount adjustment per Accumulation Unit; times

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the number of Accumulation Units allocated to the Subaccount as of the Record Date; less

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. the amount of the Excess Charge for that Subaccount; provided that the Company will not deduct any Excess Charge from the first subaccount adjustment following the Contract Date.

The net monthly subaccount adjustment will be reinvested on the Reinvestment Date at the Accumulation Unit Value determined as of the close of that date in Accumulation Units of the Subaccount.

An example of this process is as follows. Assuming Contract Value of $50,000 allocated to the Invesco V.I. Main Street Small Cap Fund<sup>®</sup> Subaccount and the Return of Premium Death Benefit Rider (with an annual charge of 0.35%), the Excess Charge would be computed as follows:

---

| | |
|:---|:---|
| Mortality and Expense Risk Charge | 1.20% |
| Plus: Optional Rider Charge | 0.35% |
| Less: Minimum Charge | <u>1.00%</u> |
| Excess Charge on an Annual Basis | 0.55% |

---

Further assuming 5,000 Accumulation Units with an Accumulation Unit Value of $10 per unit on December 30 and a gross subaccount adjustment of $0.025 per unit declared on December 31 (Record Date), the net subaccount adjustment amount would be as follows:

---

| | | |
|:---|:---|:---|
| Accumulation Unit Value as of Valuation Date before Record Date  |  | &nbsp;&nbsp; $10.00 |
| Accumulation Unit Value as of Reinvestment Date | - | &nbsp;&nbsp; <u>$</u><u>9.975</u> |
| Gross Subaccount Adjustment Per Unit |  | &nbsp;&nbsp; $0.025 |
| Less: Excess Charge Per Unit | - | &nbsp;&nbsp; <u>$</u><u>0.00466</u> |
| Net Subaccount Adjustment Per Unit |  | &nbsp;&nbsp; $0.02034 |
| Times: Number of Accumulation Units | x | &nbsp;&nbsp; <u>5000</u> |
| Net Subaccount Adjustment Amount |  | &nbsp;&nbsp; $101.70 |

---

The net monthly subaccount adjustment amount would be reinvested on the Reinvestment Date in Accumulation Units of the Invesco V.I. Main Street Small Cap Fund<sup>®</sup> Subaccount as follows: $0.02034 (net monthly subaccount adjustment per unit) divided by $9.975 (Accumulation Unit value as of the Reinvestment Date) times 5,000 Units equals 10.196 Accumulation Units. On the Reinvestment Date, 10.196 Accumulation Units are added to Contract

------

Value for a total of 5,010.196 Accumulation Units after the monthly subaccount adjustment reinvestment. Contract Value on the Reinvestment Date is equal to 5,010.196 Accumulation Units times $9.975 (Accumulation Unit Value as of the Reinvestment Date) for a Contract Value of $49,976.70 after the monthly subaccount adjustment reinvestment.

After the Annuity Start Date, the Company will deduct an annual mortality and expense risk charge of 0.30% during the Annuity Period. This charge is factored into the annuity unit values on each Valuation Date.

**Limits on Purchase Payments Paid Under Tax-Qualified Retirement Plans**

------

**Sections 408 and 408A —** Premiums (other than rollover contributions) paid under a Contract used in connection with a traditional or Roth individual retirement annuity (IRA) that is described in Section 408 or Section 408A of the Internal Revenue Code are subject to the limits on contributions to IRAs under Section 219(b) of the Internal Revenue Code. Under Section 219(b) of the Code, contributions (other than rollover contributions) to an IRA are limited to the lesser of (i) $7,500 (for 2026) or (ii) 100% of the individual's taxable compensation.

If an individual is age 50 or over, the individual may make an additional catch up contribution to a traditional or Roth IRA of $1,100 in 2026 (indexed for inflation in future tax years).

Spousal IRAs allow an Owner and his or her spouse to each contribute up to the applicable dollar amount to their respective IRAs so long as a joint tax return is filed and joint income is at least equal to the combined contributions. The maximum amount the higher compensated spouse may contribute for the year is the lesser of (i) $7,500 or $8,600 if age 50 or older (for 2026) or (ii) 100% of that spouse's compensation. The maximum the lower compensated spouse may contribute is the lesser of (i) $7,500 or $8,600 if age 50 or older (for 2026) or (ii) 100% of that spouse's compensation plus the amount by which the higher compensated spouse's compensation exceeds the amount the higher compensated spouse contributes to his or her IRA. The extent to which an Owner may deduct contributions to a traditional IRA depends on the gross income of the Owner and his or her spouse for the year and whether either is an "active participant" in an employer-sponsored retirement plan.

Premiums under a Contract used in connection with a simplified employee pension plan described in Section 408 of the Internal Revenue Code are subject to limits under Section 402(h) of the Internal Revenue Code. Section 402(h) currently limits employer contributions and salary reduction contributions (if permitted) under a simplified employee pension plan to the lesser of (a) 25% of the compensation of the participant in the Plan, or (b) $72,000 (for 2026). Salary reduction contributions, if any, are subject to additional annual limits.

**Performance Information**

------

Performance information for the Subaccounts of the Separate Account, including the yield and effective yield of the Rydex VIF U.S. Government Money Market Subaccount, and the average annual total return and total return of all Subaccounts, may appear in advertisements, reports, and promotional literature provided to current or prospective Owners.

Quotations of yield for the Rydex VIF U.S. Government Money Market Subaccount will be based on the change in the value, exclusive of capital changes and income other than investment income, of a hypothetical investment in a Contract over a particular seven day period, less a hypothetical charge reflecting deductions from the Contract during the period (the "base period") and stated as a percentage of the investment at the start of the base period (the "base period return"). The base period return is then annualized based on the formula provided below with the resulting yield figure carried to at least the nearest one hundredth of one percent. Any quotations of effective yield for the Rydex VIF U.S. Government Money Market Subaccount assume that all monthly subaccount adjustments received during an annual period have been reinvested. Calculation of "effective yield" begins with the same "base period return" used in the yield calculation, which is then annualized to reflect weekly compounding pursuant to the following formula:

Effective Yield = [(Base Period Return + 1)<sup>365/7</sup>] - 1

Quotations of average annual total return for any Subaccount will be expressed in terms of the average annual compounded rate of return of a hypothetical investment in a Contract over a period of one, five and ten years (or, if less, up to the life of the Subaccount), calculated pursuant to the following formula: P(1 + T)<sup>n</sup> = ERV (where P = a hypothetical initial payment of $1,000, T = the average annual total return, n = the number of years, and ERV = the ending redeemable value of a hypothetical $1,000 payment made at the beginning of the period).

------

Average annual total return figures (referred to as "Standardized Total Return") are calculated from the inception date of the Subaccounts under the Contract, and reflect the deduction of the following charges: (1) the maximum mortality and expense risk charges of 1.20%; (2) the highest Return of Premium Death Benefit Rider Charge of 0.35%; and (3) the annual administration charge (which ranges from 0.25% to 0.65% depending on the Subaccount).

Total return figures may also be shown for periods beginning prior to the availability of the Contract. Such total return figures are based upon the performance of the Underlying Funds, adjusted to reflect the maximum charges imposed under the Contract. Any quotation of performance that pre-dates the date of inception of the Separate Account (or a Subaccount thereof as applicable) will be accompanied by Standardized Total Return figures that reflect the deduction of all fees and charges since the date of inception of the Separate Account or Subaccount.

Quotations of total return for any Subaccount will be based on a hypothetical investment in a Subaccount over a certain period and will be computed by subtracting the initial value of the investment from the ending value and dividing the remainder by the initial value of the investment. Such quotations of total return will reflect the deduction of all applicable charges to the Contract and the Separate Account (on an annual basis).

Performance information for any Subaccount reflects only the performance of a hypothetical Contract under which Contract Value is allocated to that Subaccount during a particular time period on which the calculations are based. Performance information should be considered in light of the investment objectives and policies, characteristics and quality of the Underlying Fund in which the Subaccount invests, and the market conditions during the given time period, and should not be considered as a representation of what may be achieved in the future. Yields and total returns do not reflect any advisory fees paid to financial intermediaries from your Contract Value or other assets. If such charges were reflected, performance would be lower.

**Mixed and Shared Funding Conflicts**

------

Because the Underlying Funds may serve as investment vehicles for both variable life insurance policies and variable annuity contracts ("mixed funding") and shares of the Underlying Funds also may be sold to separate accounts of other insurance companies ("shared funding"), material conflicts could occur. The Company currently does not foresee any disadvantages to Owners arising from either mixed or shared funding; however, due to differences in tax treatment or other considerations, it is possible that the interests of owners of various contracts for which the Underlying Funds serve as investment vehicles might at some time be in conflict. However, the Company, each Underlying Fund's Board of Directors, and any other insurance companies that participate in the Underlying Funds are required to monitor events in order to identify any material conflicts that arise from mixed and/or shared funding. If such a conflict were to occur, the Company would take steps necessary to protect Owners, including withdrawal of the Separate Account from participation in the Underlying Fund(s) involved in the conflict. This might force the Underlying Fund to sell securities at disadvantageous prices.

**Independent Registered Public Accounting Firm**

------

The financial statements of First Security Benefit Life Insurance and Annuity Company of New York at December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, and the financial statements of Variable Annuity Account A at December 31, 2025, and for each of the specified periods ended December 31, 2025 and 2024, or for portions of such periods as disclosed in the financial statements appearing in this Statement of Additional Information have been audited by Ernst & Young LLP, 1828 Walnut Street, Suite 600, Kansas City, Missouri, 64108-1840, independent registered public accounting firm, as set forth in their reports thereon appearing elsewhere herein, and are included in reliance upon such reports given on the authority of such firm as experts in accounting and auditing.

**Financial Statements**

------

The financial statements of First Security Benefit Life Insurance and Annuity Company of New York at December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, and the financial statements of Variable Annuity Account A at December 31, 2025, and for each of the specified periods ended December 31, 2025 and 2024, or for portions of such periods as disclosed in the financial statements, are set forth herein, following this section.

The financial statements of First Security Benefit Life Insurance and Annuity Company of New York, which are included in this Statement of Additional Information, should be considered only as bearing on the ability of the Company to meet its obligations under the Contract. They should not be considered as bearing on the investment performance of the assets held in the Separate Account.

------

**ELITEDESIGNS**<sup>®</sup> **VARIABLE ANNUITY** 

**(for Contracts issued before April 18, 2011)** 

**May 1, 2026** 

**Variable Annuity Account A** 

**Individual Flexible Purchase Payment Deferred Variable Annuity Contract** 

**Statement of Additional Information**

---

| | |
|:---|:---|
| **Issued By:** | **Mailing Address:** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **First Security Benefit Life Insurance and Annuity**<br> **Company of New York**<br> **121 State Street**<br> **Albany, NY 12207**<br> **1-800-355-4570**<br> **www.fsbl.com**<br>| **First Security Benefit Life Insurance and Annuity**<br> **Company of New York**<br> **P.O. Box 750497**<br> **Topeka, Kansas 66675-0497**<br>|

---

------

This Statement of Additional Information is not a prospectus; it should be read in conjunction with the current Prospectus for the EliteDesigns Variable Annuity dated May 1, 2026, as it may be supplemented from time to time. A copy of the Prospectus may be obtained free of charge from the Company by calling 1-800-888-2461 or by writing P.O. Box 750497, Topeka, Kansas 66675-0497.

7013A

32-70131-01 2026/05/01

------

**Table of Contents**

------

---

| | |
|:---|:---|
|  | Page |
| **General Information and History** | **2** |
| [The Company](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_1) | 2 |
| [The Separate Account](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_1) | 2 |
| [Principal Underwriter](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_1) | 2 |
| [General Information](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_1) | 2 |
| [Safekeeping of Assets](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_1) | 2 |
| **[Non-Principal Risks of Investing in the Contract](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_1)** | **2** |
| **[Additional Payments to Service Providers](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_1)** | **2** |
| **[Custodian](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_1)** | **2** |
| **[Method of Deducting the Excess Charge](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_2)** | **3** |
| **[Limits on Purchase Payments Paid Under Tax-Qualified Retirement Plans](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_3)** | **4** |
| [Section 403(b)](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_3) | 4 |
| [Roth 403(b)](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_3) | 4 |
| [Sections 408 and 408A](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_3) | 4 |
| **[Performance Information](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_4)** | **5** |
| **[Mixed and Shared Funding Conflicts](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_5)** | **6** |
| **[Independent Registered Public Accounting Firm](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_5)** | **6** |
| **[Financial Statements](#xx_97b0db11-928a-4e76-b0fe-828a35aee184_5)** | **6** |

---

------

**General Information and History**

------

**The Company —** The Company is a life insurance company that offers life insurance policies and annuity contracts, as well as financial and retirement services. The Company is a stock life insurance company organized under the insurance laws of the State of New York on November 8, 1994. The Company offers fixed and variable annuity contracts in New York and is admitted to do business in that state. On September 8, 1995, the Company merged with and is the successor corporation of Pioneer National Life Insurance Company, a stock life insurance company organized under the laws of the State of Kansas. The Company's indirect parent, Eldridge Industries, LLC, owns, operates and invests in businesses across a wide range of sectors and is ultimately controlled by Todd L. Boehly.

**The Separate Account —** The Company established Variable Annuity Account A as a separate account under New York law on January 22, 1996. The Separate Account is registered with the SEC as a unit investment trust under the Investment Company Act of 1940, as amended (the "1940 Act").

**Principal Underwriter —** The Company currently offers the Contract on a continuous basis. The Company anticipates continuing to offer the Contract but reserves the right to discontinue the offering. The Principal Underwriter for the Contract is Security Distributors, LLC ("SDL"), located at One Security Benefit Place, Topeka, Kansas 66636-0001. SDL, a wholly-owned subsidiary of Security Benefit Life Insurance Company, an affiliate of the Company, is registered as a broker-dealer with the SEC and is a member of the Financial Industry Regulatory Authority ("FINRA").

The Company pays commissions directly to SDL, as well as to Selling Broker-Dealers through SDL in connection with sales of the Contract. During fiscal years 2025, 2024, and 2023, the amounts paid to SDL in connection with all Contracts sold through the Separate Account were $0, $0, and $0, respectively. SDL passes through commissions it receives to Selling Broker-Dealers for their sales and does not retain any portion of commissions it receives as principal underwriter for the Contract. However, the Company (or an affiliate) pays some or all of SDL's operating and other expenses, including the following sales expenses: compensation and bonuses for SDL's management team, compensation and benefits for SDL's registered representatives, advertising expenses, and other expenses of distributing the Contract.

**General Information —** For a description of the Contract, the Company, and the Separate Account, see the Prospectus for the Contract. This Statement of Additional Information contains information that supplements the information in the Prospectus. Defined terms used in this Statement of Additional Information have the same meaning as terms defined in the section entitled "Definitions" in the Prospectus.

**Safekeeping of Assets —** The Company is responsible for the safekeeping of the assets of the Subaccounts. These assets, which consist of shares of the Underlying Funds in non-certificated form, are held separate and apart from the assets of the Company's General Account and its other separate accounts.

**Non-Principal Risks of Investing in the Contract**

------

All non-principal risks of purchasing the Contract are disclosed in the Prospectus in their related subject matter sections.

**Additional Payments to Service Providers**

------

The Company has entered into an administrative services agreement with its affiliate, Security Benefit Life Insurance Company ("SBL"). Pursuant to this agreement, SBL provides management and administrative services for the Separate Account and the Contract, including underwriting, claims, and actuarial services. The Company reimburses SBL for the services and facilities it provides to the Company. For the years ended December 31, 2025, 2024, and 2023, the Company paid $208,986, $229,608, and $235,696, respectively, under the agreement.

**Custodian**

------

The Company acts as custodian of the Separate Account. We have custody of all assets and cash of the Separate Account and handle the collection of proceeds of shares of the Underlying Funds bought and sold by the Separate Account.

------

**Method of Deducting the Excess Charge**

------

The minimum mortality and expense risk charge of 0%, and the administration charge of 0.25%, on an annual basis, of each Subaccount's average daily net assets, are factored into the accumulation unit value or "price" of each Subaccount on each Valuation Date. The Company deducts any mortality and expense risk charge above the minimum charge and the charge for any optional riders (the "Excess Charge") on a monthly basis.

Each Subaccount declares a monthly subaccount adjustment and the Company deducts the Excess Charge from this monthly subaccount adjustment upon its reinvestment in the Subaccount. The Excess Charge is a percentage of your Contract Value allocated to the Subaccount as of the reinvestment date. The monthly subaccount adjustment is paid only for the purpose of collecting the Excess Charge. Assuming you owe a charge above the minimum mortality and expense risk charge and the administration charge, or if you have elected a rider, your Contract Value will be reduced in the amount of your Excess Charge upon reinvestment of the Subaccount's monthly subaccount adjustment. The Company reserves the right to compute and deduct the Excess Charge from each Subaccount on each Valuation Date.

The Company will declare a monthly subaccount adjustment for each Subaccount on one Valuation Date of each calendar month ("Record Date"). The Company will pay the monthly subaccount adjustment on a subsequent Valuation Date ("Reinvestment Date") within five Valuation Dates of the Record Date. Such subaccount adjustment will be declared as a dollar amount per Accumulation Unit.

For each Subaccount, any Owner as of the Record Date will receive on the Reinvestment Date a net subaccount adjustment equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the amount of subaccount adjustment per Accumulation Unit; times

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the number of Accumulation Units allocated to the Subaccount as of the Record Date; less

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. the amount of the Excess Charge for that Subaccount; provided that the Company will not deduct any Excess Charge from the first subaccount adjustment following the Contract Date.

The net monthly subaccount adjustment will be reinvested on the Reinvestment Date at the Accumulation Unit Value determined as of the close of that date in Accumulation Units of the Subaccount.

An example of this process is as follows. Assuming Contract Value of $50,000 allocated to the Invesco V.I. Main Street Small Cap Fund<sup>®</sup> Subaccount and the Return of Premium Death Benefit Rider (with an annual charge of 0.35%), the Excess Charge would be computed as follows:

---

| | |
|:---|:---|
| Mortality and Expense Risk Charge | 0.20% |
| Plus: Optional Rider Charge | 0.35% |
| Less: Minimum Charge | <u>0.00%</u> |
| Excess Charge on an Annual Basis | 0.55% |

---

Further assuming 5,000 Accumulation Units with an Accumulation Unit Value of $10 per unit on December 30 and a gross subaccount adjustment of $0.025 per unit declared on December 31 (Record Date), the net subaccount adjustment amount would be as follows:

---

| | | |
|:---|:---|:---|
| Accumulation Unit Value as of Valuation Date before Record Date  |  | &nbsp;&nbsp; $10.00 |
| Accumulation Unit Value as of Reinvestment Date | - | &nbsp;&nbsp; <u>$</u><u>9.975</u> |
| Gross Subaccount Adjustment Per Unit |  | &nbsp;&nbsp; $0.025 |
| Less: Excess Charge Per Unit | - | &nbsp;&nbsp; <u>$</u><u>0.00466</u> |
| Net Subaccount Adjustment Per Unit |  | &nbsp;&nbsp; $0.02034 |
| Times: Number of Accumulation Units | x | &nbsp;&nbsp; <u>5000</u> |
| Net Subaccount Adjustment Amount |  | &nbsp;&nbsp; $101.70 |

---

The net monthly subaccount adjustment amount would be reinvested on the Reinvestment Date in Accumulation Units of the Invesco V.I. Main Street Small Cap Fund<sup>®</sup> Subaccount as follows: $0.02034 (net monthly subaccount adjustment per unit) divided by $9.975 (Accumulation Unit value as of the Reinvestment Date) times 5,000 Units equals 10.196 Accumulation Units. On the Reinvestment Date, 10.196 Accumulation Units are added to Contract Value for a total of 5,010.196 Accumulation Units after the monthly subaccount adjustment reinvestment. Contract

------

Value on the Reinvestment Date is equal to 5,010.196 Accumulation Units times $9.975 (Accumulation Unit Value as of the Reinvestment Date) for a Contract Value of $49,976.70 after the monthly subaccount adjustment reinvestment.

After the Annuity Start Date, the Company will deduct an annual mortality and expense risk charge of 0.30% during the Annuity Period. This charge is factored into the annuity unit values on each Valuation Date.

**Limits on Purchase Payments Paid Under Tax-Qualified Retirement Plans**

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**Section 403(b) —** Contributions to 403(b) annuities are excludable from an employee's gross income if they do not exceed the limits under Sections 402(g) and 415 of the Code. The applicable limit will depend upon whether the annuities are purchased with employer or employee contributions. Rollover contributions are not subject to these annual limits.

Section 402(g) generally limits an employee's annual elective salary reduction contributions to a 403(b) annuity to $24,500 for tax year 2026. The $24,500 limit may be adjusted for inflation in $500 increments for future tax years. If an individual is age 50 or over, catch up contributions equal to $8,000 can be made to a 403(b) annuity during the 2026 tax year. The $8,000 limit may be adjusted for inflation in $500 increments for future tax years. A higher catch-up contribution limit of $11,250 instead of $8,000 applies for individuals aged 60, 61, 62 and 63 in 2026.

The contribution limits will be reduced by salary reduction contributions to other 403(b) or 401(k) arrangements. An employee under a 403(b) annuity with at least 15 years of service for a "qualified employer" (i.e., an educational organization, hospital, home health service agency, health and welfare service agency, church or convention or association of churches) generally may exceed the annual limit by the lesser of (a) $3,000; (b) the excess of $15,000 reduced by the sum of the additional pre-tax elective contributions and designated Roth contributions made in prior years because of this rule; or (c) $5,000 times the number of years of service for the organization, minus the total elective deferrals made for earlier years.

Section 415(c) also provides an overall limit on the amount of employer and employee elective salary reduction contributions to a Section 403(b) annuity that will be excludable from an employee's gross income in a given year. Generally, the Section 415(c) limit for 2026 is the lesser of (i) $72,000, or (ii) 100% of the employee's annual compensation.

**Roth 403(b) —** Elective contributions to a Roth 403(b) arrangement are not excludible from the taxable income of the employee. However, income earned on these contributions is free from federal income tax if distributed in a "qualifying distribution." Roth 403(b) contributions are subject to the same contribution limits that apply to traditional 403(b) elective contributions--$24,500 in 2026 with a $8,000 limit on catch up contributions on or after age 50 ($11,250 instead of $8,000 for individuals aged 60, 61, 62 and 63), and a special additional limit of up to $3,000 a year (subject to a $15,000 lifetime limit) for employees who have at least 15 years of service with a "qualified employer." Furthermore, contributions made to a Roth 403(b) and a traditional 403(b) are aggregated for the purpose of these limits. For example, if an individual who is only eligible for the $24,500 elective contribution limit makes $11,000 in contributions to a Roth 403(b) annuity contract, the individual can only make $13,500 in contributions to a traditional 403(b) contract in the same year.

**Sections 408 and 408A —** Premiums (other than rollover contributions) paid under a Contract used in connection with a traditional or Roth individual retirement annuity (IRA) that is described in Section 408 or Section 408A of the Internal Revenue Code are subject to the limits on contributions to IRAs under Section 219(b) of the Internal Revenue Code. Under Section 219(b) of the Code, contributions (other than rollover contributions) to an IRA are limited to the lesser of (i) $7,500 (for 2026) or (ii) 100% of the individual's taxable compensation.

If an individual is age 50 or over, the individual may make an additional catch up contribution to a traditional or Roth IRA of $1,100 in 2026 (indexed for inflation in future tax years).

Spousal IRAs allow an Owner and his or her spouse to each contribute up to the applicable dollar amount to their respective IRAs so long as a joint tax return is filed and joint income is at least equal to the combined contributions. The maximum amount the higher compensated spouse may contribute for the year is the lesser of (i) $7,500 or $8,600 if age 50 or older (for 2026) or (ii) 100% of that spouse's compensation. The maximum the lower compensated spouse may contribute is the lesser of (i) $7,500 or $8,600 if age 50 or older (for 2026) or (ii) 100% of that spouse's compensation plus the amount by which the higher compensated spouse's compensation exceeds the amount the higher compensated spouse contributes to his or her IRA. The extent to which an Owner may deduct contributions to a traditional IRA depends on the gross income of the Owner and his or her spouse for the year and whether either is an "active participant" in an employer-sponsored retirement plan.

------

Premiums under a Contract used in connection with a simplified employee pension plan described in Section 408 of the Internal Revenue Code are subject to limits under Section 402(h) of the Internal Revenue Code. Section 402(h) currently limits employer contributions and salary reduction contributions (if permitted) under a simplified employee pension plan to the lesser of (a) 25% of the compensation of the participant in the Plan, or (b) $72,000 (for 2026). Salary reduction contributions, if any, are subject to additional annual limits.

**Performance Information**

------

Performance information for the Subaccounts of the Separate Account, including the yield and effective yield of the Rydex VIF U.S. Government Money Market Subaccount, and the average annual total return and total return of all Subaccounts, may appear in advertisements, reports, and promotional literature provided to current or prospective Owners.

Quotations of yield for the Rydex VIF U.S. Government Money Market Subaccount will be based on the change in the value, exclusive of capital changes and income other than investment income, of a hypothetical investment in a Contract over a particular seven day period, less a hypothetical charge reflecting deductions from the Contract during the period (the "base period") and stated as a percentage of the investment at the start of the base period (the "base period return"). The base period return is then annualized based on the formula provided below with the resulting yield figure carried to at least the nearest one hundredth of one percent. Any quotations of effective yield for the Rydex VIF U.S. Government Money Market Subaccount assume that all monthly subaccount adjustments received during an annual period have been reinvested. Calculation of "effective yield" begins with the same "base period return" used in the yield calculation, which is then annualized to reflect weekly compounding pursuant to the following formula:

Effective Yield = [(Base Period Return + 1)<sup>365/7</sup>] - 1

Quotations of average annual total return for any Subaccount will be expressed in terms of the average annual compounded rate of return of a hypothetical investment in a Contract over a period of one, five and ten years (or, if less, up to the life of the Subaccount), calculated pursuant to the following formula: P(1 + T)<sup>n</sup> = ERV (where P = a hypothetical initial payment of $1,000, T = the average annual total return, n = the number of years, and ERV = the ending redeemable value of a hypothetical $1,000 payment made at the beginning of the period).

Average annual total return figures (referred to as "Standardized Total Return") are calculated from the inception date of the Subaccounts under the Contract, and reflect the deduction of the following charges: (1) the maximum mortality and expense risk and optional rider charges of 0.70%; (2) the administration charge; and (3) the contingent deferred sales charge.

Other total return figures (referred to as "Non-Standardized Total Return") may be quoted that do not assume a surrender and that do not reflect deduction of the contingent deferred sales charge; provided that such figures do not reflect the addition of any Credit Enhancement. The contingent deferred sales charge, if reflected, would lower the Non-Standardized Total Return. Total return figures that do not reflect deduction of all charges will be accompanied by Standardized Total Return figures that reflect such charges and which date from the Separate Account inception date.

Total return figures may also be shown for periods beginning prior to the availability of the Contract. Such total return figures are based upon the performance of the Underlying Funds, adjusted to reflect the maximum charges imposed under the Contract. Any quotation of performance that pre-dates the date of inception of the Separate Account (or a Subaccount thereof as applicable) will be accompanied by Standardized Total Return figures that reflect the deduction of the applicable contingent deferred sales charge and other fees and charges since the date of inception of the Separate Account or Subaccount.

Total return figures also may be quoted that assume the Owner has purchased an Extra Credit Rider and, as such, will reflect any applicable Credit Enhancements; however, such total return figures will also reflect the deduction of all applicable charges, including any contingent deferred sales charge.

Quotations of total return for any Subaccount will be based on a hypothetical investment in a Subaccount over a certain period and will be computed by subtracting the initial value of the investment from the ending value and dividing the remainder by the initial value of the investment. Such quotations of total return will reflect the deduction of all applicable charges to the Contract and the Separate Account (on an annual basis) except the applicable contingent deferred sales charge.

Performance information for any Subaccount reflects only the performance of a hypothetical Contract under which Contract Value is allocated to that Subaccount during a particular time period on which the calculations are based. Performance information should be considered in light of the investment objectives and policies, characteristics and quality of the Underlying Fund in which the Subaccount invests, and the market conditions during

------

the given time period, and should not be considered as a representation of what may be achieved in the future. Yields and total returns do not reflect any advisory fees paid to financial intermediaries from your Contract Value or other assets. If such charges were reflected, performance would be lower.

**Mixed and Shared Funding Conflicts**

------

Because the Underlying Funds may serve as investment vehicles for both variable life insurance policies and variable annuity contracts ("mixed funding") and shares of the Underlying Funds also may be sold to separate accounts of other insurance companies ("shared funding"), material conflicts could occur. The Company currently does not foresee any disadvantages to Owners arising from either mixed or shared funding; however, due to differences in tax treatment or other considerations, it is possible that the interests of owners of various contracts for which the Underlying Funds serve as investment vehicles might at some time be in conflict. However, the Company, each Underlying Fund's Board of Directors, and any other insurance companies that participate in the Underlying Funds are required to monitor events in order to identify any material conflicts that arise from mixed and/or shared funding. If such a conflict were to occur, the Company would take steps necessary to protect Owners, including withdrawal of the Separate Account from participation in the Underlying Fund(s) involved in the conflict. This might force the Underlying Fund to sell securities at disadvantageous prices.

**Independent Registered Public Accounting Firm**

------

The financial statements of First Security Benefit Life Insurance and Annuity Company of New York at December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, and the financial statements of Variable Annuity Account A at December 31, 2025, and for each of the specified periods ended December 31, 2025 and 2024, or for portions of such periods as disclosed in the financial statements appearing in this Statement of Additional Information have been audited by Ernst & Young LLP, 1828 Walnut Street, Suite 600, Kansas City, Missouri, 64108-1840, independent registered public accounting firm, as set forth in their reports thereon appearing elsewhere herein, and are included in reliance upon such reports given on the authority of such firm as experts in accounting and auditing.

**Financial Statements**

------

The financial statements of First Security Benefit Life Insurance and Annuity Company of New York at December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, and the financial statements of Variable Annuity Account A at December 31, 2025, and for each of the specified periods ended December 31, 2025 and 2024, or for portions of such periods as disclosed in the financial statements, are set forth herein, following this section.

The financial statements of First Security Benefit Life Insurance and Annuity Company of New York, which are included in this Statement of Additional Information, should be considered only as bearing on the ability of the Company to meet its obligations under the Contract. They should not be considered as bearing on the investment performance of the assets held in the Separate Account.

------

FINANCIAL STATEMENTS AND SUPPLEMENTARY

INFORMATION (STATUTORY BASIS)

First Security Benefit Life Insurance and Annuity Company of New York

Years Ended December 31, 2025 and 2024

With Reports of Independent Auditors

------

Years Ended December 31, 2025 and 2024

#### Contents

---

| | |
|:---|:---|
|  [Report of Independent Auditors](#fin95849_1) | 1 |
|  Audited Financial Statements - Statutory Basis |  |
|  [Balance Sheets](#fin95849_2) | 4 |
|  [Statements of Operations](#fin95849_3) | 5 |
|  [Statements of Changes in Capital and Surplus](#fin95849_4) | 6 |
|  [Statements of Cash Flow](#fin95849_5) | 7 |
|  [Notes to Financial Statements](#fin95849_6) | 8 |
|  [Exhibits and Financial Statement Schedules](#fin95849_7) | 56 |

---

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Report of Independent Auditors

The Board of Directors

First Security Benefit Life Insurance and Annuity Company of New York

#### Opinion
We have audited the statutory-basis financial statements of First Security Benefit Life Insurance and Annuity Company of New York (the Company), which comprise the balance sheets as of December 31, 2025 and 2024, and the related statements of operations, changes in capital and surplus and cash flow for each of the three years in the period ended December 31, 2025, and the related notes to the financial statements (collectively referred to as the "financial statements").

*Unmodified Opinion on Statutory Basis of Accounting* 

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2025, on the basis of accounting described in Note 1.

*Adverse Opinion on U.S. Generally Accepted Accounting Principles* 

In our opinion, because of the significance of the matter described in the Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles section of our report, the financial statements do not present fairly, in accordance with accounting principles generally accepted in the United States of America, the financial position of the Company at December 31, 2025 and 2024, or the results of its operations or its cash flows for each of the three years in the period ended December 31, 2025.

#### Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

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*Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles* 

As described in Note 1 to the financial statements, the Company prepared these financial statements using accounting practices prescribed or permitted by the New York State Department of Financial Services – Insurance Division, which is a basis of accounting other than accounting principles generally accepted in the United States of America. The effects on the financial statements of the variances between these statutory accounting practices described in Note 1 and accounting principles generally accepted in the United States of America, although not reasonably determinable, are presumed to be material and pervasive.

#### Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with the accounting practices prescribed or permitted by the New York State Department of Financial Services – Insurance Division. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for one year after the date that the financial statements are issued.

#### Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

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In performing an audit in accordance with GAAS, we:

• Exercise professional judgment and maintain professional skepticism throughout the audit.

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.

• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

/s/ Ernst & Young

Kansas City, Missouri

April 24, 2026

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First Security Benefit Life Insurance and Annuity Company of New York

Balance Sheets

*(Statutory Basis)* 

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| | | |
|:---|:---|:---|
|  | **December 31,** | **December 31,** |
|  | **2025** | **2024** |
|  | *(In Thousands,* | *(In Thousands,* |
|  | *Except Share Data)* | *Except Share Data)* |
|  **Admitted assets** |  |  |
|  Investments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | $**367245** | $391783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common and preferred stocks | **1494** | 1900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policy loans | **385** | 413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash, cash equivalents and short-term investments | **26374** | 17543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables for securities | **379** | 393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other invested assets | **2421** | 2431 |
|  Total investments | **398298** | 414463 |
|  Investment income due and accrued | **3727** | 3911 |
|  Income tax receivable | **1543** | 508 |
|  Net deferred income tax asset | **123** | 198 |
|  Receivable from reinsurers | **—** | 785 |
|  Other assets | **144** | 161 |
|  Separate account assets | **161957** | 163557 |
|  Total admitted assets | $**565792** | $583583 |
|  **Liabilities and capital and surplus** |  |  |
|  Liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life and annuity reserves | $**44403** | $53664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Funds withheld | **310555** | 322307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | **2445** | 2694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net transfers due from separate accounts | **(267)** | (478) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset valuation reserve | **3677** | 3296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Separate account liabilities | **161957** | 163557 |
|  Total liabilities | **522770** | 545040 |
|  Capital and surplus: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock, $10 par value: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized, issued, and outstanding – 200,000 shares | **2000** | 2000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additional paid-in capital | **33600** | 33600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unassigned surplus/ (deficit) | **7422** | 2943 |
|  Total capital and surplus | **43022** | 38543 |
|  Total liabilities and capital and surplus | $**565792** | $583583 |

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*See accompanying notes.* 

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First Security Benefit Life Insurance and Annuity Company of New York

Statements of Operations

*(Statutory Basis)* 

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| | | | |
|:---|:---|:---|:---|
|  | **Year Ended December 31,** | **Year Ended December 31,** | **Year Ended December 31,** |
|  | **2025** | **2024** | **2023** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Revenues: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity considerations and deposits | $**4358** | $3926 | $8532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income | **4995** | 4560 | 4351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other income | **1982** | 2157 | 2125 |
|  Total revenues | **11335** | 10643 | 15008 |
|  Benefits and expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Decrease in reserves and funds for all policies | **(30034)** | (25395) | (19491) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrender benefits | **27653** | 23531 | 20942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity benefits | **5209** | 7042 | 7195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commissions | **430** | 466 | 480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other insurance operating expenses and reinsurance activity | **1209** | 715 | (213) |
|  Total benefits and expenses | **4467** | 6359 | 8913 |
|  Income from operations before federal income taxes | **6868** | 4284 | 6095 |
|  Federal income tax (expense) benefit | **(1247)** | (1133) | (1489) |
|  Income from operations before net realized gains | **5621** | 3151 | 4606 |
|  Net realized (losses) gains, net of capital gains tax | **(120)** | (152) | (1075) |
|  Net income (loss) | $**5501** | $2999 | $3531 |

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*See accompanying notes.* 

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First Security Benefit Life Insurance and Annuity Company of New York

Statements of Changes in Capital and Surplus

*(Statutory Basis)* 

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| | | | | |
|:---|:---|:---|:---|:---|
|  |<br>**Common**<br>**Stock** | **Additional**<br>**Paid-In**<br>**Capital** | **Unassigned**<br>**Surplus**<br>**(Deficit)** | **Total**<br>**Capital and**<br>**Surplus** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Balance at January 1, 2023 | $2000 | $33600 | $(3111) | $32489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income |  |  | 3531 | 3531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in asset valuation reserve |  |  | (593) | (593) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net deferred income taxes |  |  | 388 | 388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in nonadmitted assets |  |  | (407) | (407) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized capital gains, net of tax |  |  | 713 | 713 |
|  Balance at December 31, 2023 | 2000 | 33600 | 521 | 36121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income |  |  | 2999 | 2999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in asset valuation reserve |  |  | (522) | (522) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net deferred income taxes |  |  | 139 | 139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in nonadmitted assets |  |  | (196) | (196) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized capital gains, net of tax |  |  | 2 | 2 |
|  Balance at December 31, 2024 | 2000 | 33600 | 2943 | 38543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income |  |  | **5501** | **5501** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in asset valuation reserve |  |  | **(381)** | **(381)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net deferred income taxes |  |  | **(355)** | **(355)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in nonadmitted assets |  |  | **35** | **35** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized capital loss, net of tax |  |  | **(321)** | **(321)** |
|  Balance at December 31, 2025 | $**2000** | $**33600** | $**7422** | $**43022** |

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*See accompanying notes.* 

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First Security Benefit Life Insurance and Annuity Company of New York

Statements of Cash Flow

*(Statutory Basis)* 

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| | | | |
|:---|:---|:---|:---|
|  | **Year Ended December 31,** | **Year Ended December 31,** | **Year Ended December 31,** |
|  | **2025** | **2024** | **2023** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  **Operation activities** |  |  |  |
|  Revenues: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Premium and annuity considerations | $**4358** | $3926 | $8532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income | **3944** | 2991 | 3301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other income | **3018** | 2105 | 1891 |
|  Benefits and expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefits and surrenders | **(32477)** | (30756) | (28360) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net transfers from separate accounts | **20983** | 15859 | 7379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commissions, expenses, and other deductions | **(1846)** | (1494) | (36) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal income taxes, including net tax on capital gains | **(2256)** | (989) | (397) |
|  Net cash provided (used) by operations | **(4276)** | (8358) | (7690) |
|  **Investment activities** |  |  |  |
|  Proceeds from sales, maturities, or repayments of investments: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | **136939** | 142287 | 121558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stocks | **350** | 71 | 1444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other invested assets | **—** | 250 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other proceeds | **68** | 2430 | 6349 |
|  Cost of investments acquired: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | **(111635)** | (119125) | (103579) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other invested assets | **—** | (750) | (133) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other applications | **(28)** | (1836) |  |
|  Net decrease (increase) in policy loans | **29** | (10) | (19) |
|  Net cash provided (used) by investment activities | **25723** | 23317 | 25620 |
|  **Financing and miscellaneous activities** |  |  |  |
|  Cash provided (used) by: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in funds withheld | **(11752)** | (13925) | (16187) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other cash (used) provided | **(864)** | 442 | 215 |
|  Net cash provided (used) by financing and miscellaneous activities | **(12616)** | (13483) | (15972) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) in cash, cash equivalents and short-term investments | **8831** | 1476 | 1958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash, cash equivalents and short-term investments at beginning of year | **17543** | 16067 | 14109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash, cash equivalents and short-term investments at end of year | $**26374** | $17543 | $16067 |
|  **Supplemental disclosure of non-cash information** |  |  |  |
|  The Company reflects paid in-kind interest | $**209** | $175 | $126 |

---

*See accompanying notes.* 

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements

*(Statutory Basis)* 

December 31, 2025

1. Significant Accounting Policies

#### Organization
First Security Benefit Life Insurance and Annuity Company of New York (the Company) is licensed to transact life insurance business in the States of New York and Kansas and was organized to offer insurance products in the State of New York. The Company's business activities are concentrated in the sale of variable annuity products, which are supported by separate account assets and fixed annuity products. The Company is owned entirely by SBL Holdings, Inc. (SBLH), a holding company domiciled in the State of Kansas.

#### Basis of Presentation
The financial statements of the Company are presented in conformity with accounting practices prescribed or permitted by the New York State Department of Financial Services – Insurance Division (the Department).

The Department recognizes only statutory accounting practices prescribed or permitted by the State of New York in determining and reporting the financial condition and results of operations of an insurance company for purposes of determining its solvency under the New York Insurance Law.

The National Association of Insurance Commissioners' (NAIC) *Accounting Practices and Procedures Manual* has been adopted as a component of prescribed or permitted practices by the State of New York.

Statutory accounting practices differ from U.S. generally accepted accounting principles (GAAP). The more significant variances from GAAP are as follows:

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

1. Significant Accounting Policies (continued)

*Investments* 

Investments in bonds, which is comprised of issuer credit obligations (ICO) and asset-backed securities (ABS), and redeemable preferred stocks are carried at amortized cost or market value based on the NAIC designation. Common stock is carried at market value with changes in market value charged directly to surplus. Under GAAP, equity investments with determinable fair value (except those under equity method of accounting or that require consolidation) are carried at fair value with changes in fair value recorded in earnings. GAAP requires that debt securities be classified as held to maturity, trading, or available for sale. Under GAAP, debt securities classified as held to maturity are carried at cost or amortized cost, and debt securities classified as trading or available for sale are carried at fair value with unrealized holding gains and losses reported in income for those debt securities classified as trading or as a separate component of stockholder's equity for those debt securities classified as available for sale. Credit impairments are recognized in earnings with the establishment of an allowance. For statutory purposes, bonds and redeemable preferred stocks that are other-than-temporarily impaired are written down to fair value.

For statutory purposes, asset-backed securities are adjusted for the effects of defaults, loss severity of defaulted collateral, changes in prepayment assumptions, and other factors that may affect the Company's estimate of the timing and amount of cash flows expected to be collected. These factors may result in an other-than-temporary impairment (OTTI) and/or a change in the accretable yield recognized using either the retrospective or prospective methods. For GAAP purposes, a decrease in cash flows expected to be collected may result in the recognition of an impairment related to credit losses, which is recorded as an allowance for credit losses, limited by the amount that fair value is less than the security's amortized cost basis. Changes in the allowance shall be recorded in the period of the change as credit loss expense (or reversal of credit loss expense). For statutory purposes, asset-backed securities that are other-than-temporarily impaired are written down to the present value of discounted estimated future cash flows.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

1. Significant Accounting Policies (continued)

*Valuation Reserve Liabilities* 

As prescribed by the NAIC, the asset valuation reserve (AVR) is computed in accordance with a prescribed formula and represents a provision for possible fluctuations in the value of fixed maturity securities, equity securities, mortgage loans, real estate, and other invested assets. Changes to the AVR are charged or credited directly to unassigned surplus. AVR is not recognized under GAAP.

As also prescribed by the NAIC, the Company reports an interest maintenance reserve (IMR) that represents the net accumulated unamortized realized capital gains and losses attributable to changes in the general level of interest rates on sales of fixed maturity investments, principally bonds. Such gains or losses, net of tax, are amortized into income using the grouped method, with groupings in five year bands based on the expected maturity of the investment sold, with the exception of investments with one calendar year to expected maturity, which are grouped separately from those with two to five calendar years to expected maturity. IMR is not recognized under GAAP.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

1. Significant Accounting Policies (continued)

*Related Parties Transactions* 

Gains on certain economic transactions with related parties, defined as arm's-length transactions, resulting in the transfer of risks and rewards of ownership and considered permanent, are recognized under SAP rather than deferred until the assets are sold to third parties as required under GAAP.

*Policy Acquisition Costs and Value of Business Acquired* 

The costs of successfully acquiring new business are expensed when incurred, rather than being deferred and amortized as required under GAAP. Expense allowances received or paid in connection with reinsurance are recognized as income or expense when due, rather than deferred and amortized as required under GAAP. For GAAP purposes, the value of business acquired is amortized in a similar manner to the amortization of deferred policy acquisition costs. Under GAAP (as amended by ASU 2018-12, *Long-Duration Targeted Improvements* ("LDTI")), deferred acquisition costs and deferred sales inducement costs related to long-duration contracts are amortized on a constant-level basis over the expected term of the related contracts and are written off upon unexpected contract termination. No amounts are recognized for statutory accounting purposes.

*Nonadmitted Assets* 

For statutory accounting purposes, certain assets designated as nonadmitted (principally furniture, equipment, leasehold improvements, intangible assets, prepaid expenses, certain deferred income tax assets, and miscellaneous receivables over 90 days old) are excluded from the balance sheets and charged directly to unassigned surplus. Under GAAP, such assets are included on the balance sheets to the extent those assets are not impaired.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

1. Significant Accounting Policies (continued)

*Premiums and Benefits* 

Revenues for life and annuity policies with mortality or morbidity risk consist of the entire premium received, and benefits incurred represent the total of benefits paid and the change in policy reserves. Premiums received for annuity policies without mortality or morbidity risk are recorded using deposit accounting and credited directly to an appropriate policy reserve account without recognizing premium income. Under GAAP, premiums received in excess of policy charges are not recognized as premium revenue. Also under GAAP, benefits incurred represent the excess of benefits paid over the policy account value and interest credited to the account values.

*Policy Reserves* 

Reserves are based on statutory mortality, morbidity, and interest requirements, with consideration of future withdrawals. All annuity reserves are calculated on the prescribed reserve basis, which partially offsets the effect of immediately charging policy acquisition costs for commissions to expense. Under GAAP, annuity reserves are carried at account value plus reserves associated with guarantees provided by the Company to the contract holders.

*Reinsurance* 

The Company reports reinsurance receivables and prepaid reinsurance premiums as reductions of policy and contract liabilities rather than reporting such amounts as assets as required under GAAP.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

1. Significant Accounting Policies (continued)

*Funds Withheld* 

The Company maintains a funds withheld reinsurance liability equal to the statutory carrying value of the assets segregated to support certain reinsurance agreements. For GAAP purposes, the funds withheld reinsurance liability contains an embedded derivative that is bifurcated and fair valued based on the change in the fair value of the underlying segregated assets.

*Separate Accounts* 

For statutory accounting purposes, separate account surplus is created through the use of the Commissioners' Annuity Reserve Valuation Method and is reported as an unsettled transfer from the separate account to the general account.

*Deferred Income Taxes* 

For statutory accounting purposes, deferred income tax assets are limited to (1) the amount of federal income taxes paid in prior years that can be recovered through loss carrybacks for existing temporary differences that reverse by the end of the subsequent three calendar years; plus (2) the lesser of the remaining gross deferred income tax assets expected to be realized within three years of the balance sheet date or 15% of surplus excluding any net deferred income tax assets, electronic data processing equipment and operating software, and any net positive goodwill; plus (3) the amount of remaining gross deferred income tax assets that can be offset against existing gross deferred income tax liabilities (DTLs). The remaining deferred income tax assets are nonadmitted. Deferred income taxes do not include amounts for state income taxes.

Under GAAP, state income taxes are included in the computation of deferred income taxes, a deferred tax asset (DTA) is recorded for the amount of gross DTAs expected to be realized in future years, and a valuation allowance is established for DTAs that are not realizable.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

1. Significant Accounting Policies (continued)

*Embedded Derivatives* 

Embedded derivatives for statutory accounting are not bifurcated from the host instrument, whereas GAAP accounting requires the embedded derivative to be bifurcated from, accounted for, and reported separately from the host instrument if it is not clearly and closely related to the economic characteristics of the host instrument.

*Goodwill* 

Goodwill, for GAAP purposes, is recognized as the excess of the purchase price over the fair value of identifiable net assets acquired. Goodwill is not amortized, but is reviewed annually for indications of impairment. Statutory accounting does not allow recognition of goodwill resulting from a change of control.

*Cash, Cash Equivalents and Short-Term Investments* 

The statutory-basis statements of cash flow reconcile to the changes in cash, cash equivalents and short-term investments with original maturities of one year or less. Under GAAP, the statements of cash flow reconcile to changes in cash and cash equivalents, whereby cash equivalents are financial instruments with an original maturity period of 90 days or less.

Other significant accounting policies include the following:

#### Investments
Investments are valued as prescribed by the NAIC. Bonds with NAIC designations of 1 to 5 are reported principally at cost, adjusted for amortization of premiums and accrual of discounts using the effective interest method. Bonds with an NAIC designation of 6 are reported at the lower of amortized cost or fair value. For asset-backed securities, defaults, loss severity of defaulted collateral, and anticipated prepayments are considered using market consensus prepayment speeds

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

1. Significant Accounting Policies (continued)

when estimating the amount and timing of cash flows expected to be collected. Favorable or adverse changes in these expectations may result in changes in accretable yield, which is recognized as interest income using the retrospective or prospective methods. Redeemable preferred stocks with NAIC designations 1 to 3 are valued at amortized cost. All other redeemable preferred stocks (NAIC designations 4 to 6) are reported at the lower of amortized cost or fair value. All perpetual preferred stocks are valued at fair value, not to exceed any currently effective call price.

Realized capital gains and losses on sales of investments are determined using the specific identification method.

For any decline in the market value of an investment that is determined to be other than temporary, the amortized cost basis of the investment is written down to the estimated fair value as of the date of the determination, except for asset-backed securities where the investment is written down to its discounted expected future cash flows, and the amount of the write-down is accounted for as a realized loss.

Short-term investments include investments with remaining maturities of one year or less at the time of acquisition and are principally stated at amortized cost.

Policy loans are stated at the aggregate unpaid balance.

The operations of the Company are subject to the risk of interest rate fluctuations to the extent that there is a difference between the amount of the Company's interest-earning assets and interest-bearing liabilities that reprice or mature in specified periods. The Company engages in asset-liability management intended to generate an acceptable level of return relative to the levels of interest rate risk, liquidity risk and other forms of risk that exist within the Company.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

1. Significant Accounting Policies (continued)

#### Reserves for Annuity Policies
The reserves for annuity policies are developed by actuarial methods. Annuity reserves are computed using assumptions and valuation methods that will provide, in the aggregate, reserves that are greater than the minimum valuation required by law and greater than the guaranteed policy cash values.

#### Recognition of Revenues
Premiums for annuity policies with mortality and morbidity risk, except for guaranteed interest contracts, are recognized as revenue when due. Premiums received for annuity policies without mortality or morbidity risk and for guaranteed interest contracts are recorded as deposits, with revenues consisting of policy charges for the cost of insurance, policy administrative charges, and surrender charges against account balances during the period.

Dividends and interest income, recorded in net investment income, are recognized when earned. Amortization of premiums and accretion of discounts on investments in fixed maturity securities are reflected in net investment income over the contractual terms of the investments in a manner that produces a constant effective yield. For high credit quality securities, the retrospective method is used when there is a change in estimated future cash flows. The prospective method is used for other securities.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

1. Significant Accounting Policies (continued)

#### Reinsurance
Reinsurance premiums and benefits paid or provided are accounted for on bases consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts.

#### Separate Accounts
The separate accounts are established in conformity with New York insurance laws and are not chargeable with liabilities arising out of any other business of the Company. Premiums designated for investment in the separate accounts are included in revenues with corresponding liability increases included in benefits. Assets and liabilities of the separate accounts, representing net deposits and accumulated net investment earnings held primarily for the benefit of contract holders, are shown as separate captions in the balance sheets. Assets held in the separate accounts are carried at quoted market values or, where quoted market values are not available, at fair market value. The Company receives administrative and risk fees relating to amounts invested in the separate accounts.

#### Use of Estimates
The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Significant estimates and assumptions include the valuation of investments, determination of other-than-temporary impairments (OTTIs) of investments, calculation of liabilities for future policy benefits, the calculation of income taxes, and the recognition of DTAs and DTLs. Actual results could differ from those estimates.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

1. Significant Accounting Policies (continued)

#### Reclassifications
Prior period amounts within the Statements of Cash Flow have been reclassified to conform to current period presentation. Non-cash paid-in-kind interest previously reported within Net investment income and Cost of investments acquired sections were eliminated and reported in the Supplemental disclosure of non-cash information section. The reclassification had no effect on the previously reported year-end amounts for cash, cash equivalents and short-term investments.

#### Accounting Changes
Effective January 1, 2025, the Company adopted the amendments to SSAP No. 26, *Bonds* ("SSAP No. 26") and SSAP No. 43, *Assets-Backed Securities* ("SSAP No. 43") to reflect the accounting and reporting changes of the NAIC's Principles Based Bond Definition ("PBBD"). As a result of these adoptions, investments must qualify as either an ICO or an ABS based on their substance to be reported as long term bonds on Schedule D of the Statutory Annual Statement.

Effective January 1, 2025, the Company also adopted revisions to SSAP No. 21, *Other Admitted Assets* to reflect accounting and reporting guidance for investments that do not meet the requirements of the PBBD, and for residual interests. These adoptions did not result in a material change to the classification of bonds and had no impact to the Company's net income or capital and surplus.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

**2. Investments**

The carrying value, gross unrealized gains and losses, and fair value of investments in bonds and preferred stocks at December 31, 2025 and 2024 are summarized as follows:

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

2. Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  | **Carrying**<br>**Amount** | **Gross**<br>**Unrealized**<br>**Gains** | **Gross**<br>**Unrealized**<br>**(Losses)** | **Fair**<br>**Value** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Issuer credit obligations: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. government obligations | $**423** | $**10** | $**—** | $**433** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other U.S. government obligations | **6416** | **1** | **(338)** | **6079** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-U.S. sovereign jurisdiction securities | **584** | **—** | **(35)** | **549** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal bonds - general obligations (direct & guaranteed) | **9695** | **409** | **(47)** | **10057** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal bonds - special revenue | **12050** | **157** | **(1044)** | **11163** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project finance bonds issued by operating entities | **790** | **21** | **(5)** | **806** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds | **181385** | **5768** | **(4274)** | **182879** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Single entity backed obligations | **1710** | **10** | **(32)** | **1688** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds issued by funds representing operating entities | **4036** | **20** | **(11)** | **4045** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank loans - acquired | **2329** | **27** | **(88)** | **2268** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage loans that qualify as SVO-Identified credit tenant loans | **475** | **—** | **(26)** | **449** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other issuer credit obligations | **415** | **—** | **(27)** | **388** |
|  Total issuer credit obligations | **220308** | **6423** | **(5927)** | **220804** |
|  Asset-backed securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial asset-backed securities - self - liquidating | **112903** | **1123** | **(2184)** | **111842** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial asset-backed securities - not self - liquidating | **93** | **—** | **—** | **93** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-financial asset-backed securities | **33941** | **482** | **(908)** | **33515** |
|  Total asset-backed securities | **146937** | **1605** | **(3092)** | **145450** |
|  Total Bonds | $**367245** | $**8028** | $**(9019)** | $**366254** |
|  Preferred stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer | $**1168** | $**—** | $**—** | $**1168** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial | **325** | **—** | **—** | **325** |
|  Total preferred stocks | $**1493** | $**—** | $**—** | $**1493** |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

2. Investments (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
|  |<br>**Carrying**<br>**Amount** | **Gross**<br>**Unrealized**<br>**Gains** | **Gross**<br>**Unrealized**<br>**(Losses)** |<br>**Fair**<br>**Value** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Bonds: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury securities and obligations of U.S. government corporations and agencies | $422 | $— | $— | $422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Obligations of government-sponsored enterprises | 39820 | 44 | (1163) | 38701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate | 188758 | 2310 | (7725) | 183343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Obligations of foreign governments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal governments | 13492 | 342 | (658) | 13176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial mortgage-backed | 25246 | 102 | (1494) | 23854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residential mortgage-backed | 30687 | 252 | (1264) | 29675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized loan obligations | 46676 | 204 | (494) | 46386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other asset backed | 46682 | 459 | (1439) | 45702 |
|  Total bonds | $391783 | $3713 | $(14237) | $381259 |
|  Preferred stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer | $1210 | $— | $— | $1210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial | 690 |  |  | 690 |
|  Total preferred stocks | $1900 | $— | $— | $1900 |

---

The carrying amount and fair value of bonds at December 31, 2025, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

2. Investments (continued)

---

| | | |
|:---|:---|:---|
|  | **Carrying**<br>**Amount** | **Fair**<br>**Value** |
|  | *(In Thousands)* | *(In Thousands)* |
|  **Maturity - ICOs:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due in one year or less | $**2316** | $**2333** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due after one year through five years | **49228** | **50050** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due after five years through ten years | **98515** | **101692** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due after ten years through twenty years | **27285** | **26493** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due after twenty years | **42964** | **40236** |
|  **Total ICO** | **220308** | **220804** |
|  **Maturity - ABS:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due in one year or less | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due after one year through five years | **3477** | **3549** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due after five years through ten years | **10568** | **10458** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due after ten years through twenty years | **51921** | **51760** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due after twenty years | **80971** | **79683** |
|  **Total ABS** | **146937** | **145450** |
|  **Total ICO/ABS** | $**367245** | $**366254** |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

2. Investments (continued)

For bonds with unrealized losses as of December 31, 2025 and 2024, the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are summarized as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  | **Greater Than or Equal** | **Greater Than or Equal** | **Greater Than or Equal** | **Greater Than or Equal** | **Greater Than or Equal** | **Greater Than or Equal** |
|  | **Less Than 12 Months** | **Less Than 12 Months** | **to 12 Months** | **to 12 Months** | **Total** | **Total** |
|  | **Fair**<br>**Value** | **Gross<br>Unrealized<br>(Losses)** | **Fair**<br>**Value** | **Gross<br>Unrealized<br>(Losses)** | **Fair**<br>**Value** | **Gross<br>Unrealized<br>(Losses)** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  **Bonds:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuer credit obligations | $**8024** | $**(94)** | $**45530** | $**(5833)** | $**53554** | $**(5927)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-backed securities | **18025** | **(73)** | **35796** | **(3019)** | **53821** | **(3092)** |
|  Total bonds | $**26049** | $**(167)** | $**81326** | $**(8852)** | $**107375** | $**(9019)** |
|  Number of securities investment grade with unrealized losses |  | **44** |  | **241** |  | **285** |
|  Percent investment grade |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (NAIC investment grade 1 and 2) |  | **90%** |  | **94%** |  | **93%** |
|  Number of securities below investment grade with unrealized losses |  | **5** |  | **16** |  | **21** |
|  Percent below investment grade |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (NAIC below investment grade 3 and below) |  | **10%** |  | **6%** |  | **7%** |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

2. Investments (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
|  | **Greater Than or Equal** | **Greater Than or Equal** | **Greater Than or Equal** | **Greater Than or Equal** | **Greater Than or Equal** | **Greater Than or Equal** |
|  | **Less Than 12 Months** | **Less Than 12 Months** | **to 12 Months** | **to 12 Months** | **Total** | **Total** |
|  | **Fair**<br>**Value** | **Gross<br>Unrealized<br>(Losses)** | **Fair**<br>**Value** | **Gross<br>Unrealized<br>(Losses)** | **Fair**<br>**Value** | **Gross<br>Unrealized<br>(Losses)** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Bonds: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Obligations of government-sponsored enterprises | 28778 | (491) | 4182 | (672) | 32960 | (1163) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate | 52092 | (1043) | 44581 | (6682) | 96673 | (7725) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Obligation of foreign governments |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal governments | 3715 | (80) | 3142 | (578) | 6857 | (658) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial mortgage-backed | 3532 | (21) | 14499 | (1473) | 18031 | (1494) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residential mortgage-backed | 4751 | (46) | 8764 | (1218) | 13515 | (1264) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized loan obligation | 1096 | (3) | 14634 | (491) | 15730 | (494) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other asset backed | 6031 | (38) | 19850 | (1401) | 25881 | (1439) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total bonds | $99995 | $(1722) | $109652 | $(12515) | $209647 | $(14237) |
|  Number of securities investment grade with unrealized losses |  | 179 |  | 301 |  | 480 |
|  Percent investment grade |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (NAIC investment grade 1 and 2) |  | 97% |  | 93% |  | 94% |
|  Number of securities below investment grade with unrealized losses |  | 6 |  | 23 |  | 29 |
|  Percent below investment grade |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (NAIC below investment grade 3 and below) |  | 3% |  | 7% |  | 6% |

---

The unrealized losses on these securities can primarily be attributed to changes in market interest rates and changes in credit spreads since the securities were acquired. At present, the Company cannot ascertain the duration of the current market conditions and the resulting impact on such positions, but believes these losses to be temporary.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

2. Investments (continued)

The Company closely monitors those securities where impairment concerns may exist. The Company considers relevant facts and circumstances in evaluating whether the impairment of a security is other than temporary. This process involves monitoring market events that could affect issuers' credit ratings, business climate, management changes, litigation and government actions and other similar factors. This process also involves monitoring late payments, pricing levels, downgrades by rating agencies, key financial ratios, financial statements, revenue forecasts and cash flow projections as indicators of credit issues. To the extent that the Company determines that a security is other-than-temporarily impaired, the difference between amortized cost and fair value, or for asset-backed securities, the difference between amortized cost and discounted expected future cash flows, is charged to earnings.

The Company recognized no OTTI during 2025 and 2024, on securities within the scope of SSAP No. 43R, as a result of the intent to sell or inability or lack of intent to retain the security for a period of time sufficient to recover the amortized cost basis of the security.

The Company recognized no OTTI during 2025 and 2024, where the present value of cash flows expected to be collected is less than the amortized cost basis of the security.

Asset-backed securities (those whose fair value is less than cost or amortized cost) currently held by the Company, for which an OTTI has not been recognized in earnings as a realized loss, aggregated by length of time that the individual securities have been in a continuous unrealized loss position, are as follows:

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

2. Investments (continued)

---

| | | |
|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** |
|  | **Unrealized**<br>**(Loss)** | **Fair**<br>**Value** |
|  | *(In Thousands)* | *(In Thousands)* |
|  Continuous unrealized loss for less than 12 months | $**(73)** | $**18025** |
|  Continuous unrealized loss for greater than or equal to 12 months | **(2888)** | **34512** |

---

Major categories of net investment income for the years ended December 31, 2025, 2024, and 2023, are summarized as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2024** | **2023** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Interest on bonds | $**22874** | $23200 | $22344 |
|  Dividends on equity securities | **120** | 132 | 173 |
|  Other | **216** | 173 | 160 |
|  Total investment income | **23210** | 23505 | 22677 |
|  Less: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment expenses | **(186)** | (274) | (251) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ceded to reinsurer | **(18029)** | (18671) | (18075) |
|  Net investment income | $**4995** | $4560 | $4351 |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

2. Investments (continued)

General account investment income recognized as a result of a prepayment penalties and/or acceleration fees for the years ended December 31, 2025 and 2024 is $0.0 million and $0.1 million, respectively, impacting 56 and 42 securities, respectively.

There was no separate account investment income recognized as a result of prepayment penalties and/or acceleration for the years ended December 31, 2025 and 2024.

The Company excludes due and accrued income from surplus by nonadmitting if it is over 90 days past due with the exception of mortgage loan investment income which is nonadmitted after 180 days or if the underlying loan is in the process of foreclosure. The Company did not have any nonadmitted investment income as of December 31, 2025. Gross and admitted interest income due and accrued was $3.7 million as of December 31, 2025. The Company did not have any aggregate deferred interest as of December 31, 2025. The Company had $0.5 million paid-in-kind interest included in the principal balance of securities as of December 31, 2025.

Proceeds from sales of bonds and equity securities and related realized gains and losses for the years ended December 31, 2025, 2024, and 2023, are as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2024** | **2023** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Proceeds from sales | $**23818** | $60567 | $72664 |
|  Gross realized gains | **458** | 448 | 304 |
|  Gross realized losses | **(576)** | (3690) | (4650) |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

2. Investments (continued)

Realized gains (losses) net of amounts transferred to the interest maintenance reserve, net of applicable taxes, for the years ended December 31, 2025, 2024, and 2023, consist of the following:

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2024** | **2023** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | $**(107)** | $(3216) | $(3139) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | **(11)** | (26) | (1207) |
|  Total realized gains (losses) | **(118)** | (3242) | (4346) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax (expense) benefit | **26** | 661 | 705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transferred to the interest maintenance reserve, net of tax | **(28)** | 2429 | 2566 |
|  Net realized (losses) gains | $**(120)** | $(152) | $(1075) |

---

Restricted assets, including pledged assets at December 31, 2025, consist of the following:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Total<br>General<br>Account<br>(GA)** | **Total<br>From<br>Prior<br>Year** | **Increase/<br>(Decrease)** | **Total<br>Current-<br>Year<br>Admitted<br>Restricted** | **Gross<br>Restricted<br>to Total<br>Assets** | **Admitted<br>Restricted<br>to Total<br>Admitted<br>Assets** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  On deposit with states | $**423** | $**422** | $**1** | $**423** | **0.1%** | **0.1%** |
|  Pledged as collateral not captured in other categories | **587** | **556** | **31** | **587** | **0.1%** | **0.1%** |
|  Total restricted assets | $**1010** | $**978** | $**32** | $**1010** | **0.2%** | **0.2%** |

---

There were no restricted assets related to the separate account.

The assets pledged as collateral were cash and bonds related to reinsurance agreements.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

3. Separate Account Transactions

The Company's separate accounts are established in conformity with New York Insurance Law Section 4240. Under applicable insurance law, the assets and liabilities of the separate accounts are clearly identified and distinguished from the Company's other assets and liabilities. The portion of the separate account assets applicable to variable annuity contracts held in the separate accounts are not chargeable with liabilities arising out of any other business the Company may conduct.

The Company has separate accounts considered legally insulated from the general account of $162.0 million and $163.6 million as of December 31, 2025 and 2024, respectively.

The separate accounts held by the Company relate primarily to individual variable annuity contracts of a non-guaranteed return nature. The assets and liabilities of these separate accounts are carried at market value. The net investment experience of the separate account is credited directly to the policyholder and can be positive or negative. The variable annuity contracts generally provide an incidental death benefit, and some contracts may have a guaranteed minimum living benefit. The minimum death benefit and living benefit reserves are recorded in the Company's general account.

Benefit payments by the general account for those guaranteed liabilities of the separate account for the last five years are as follows (in thousands):

---

| | |
|:---|:---|
| **2025** | $**8** |
| 2024 | 6 |
| 2023 | 28 |
| 2022 | 28 |
| 2021 | 12 |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

3. Separate Account Transactions (continued)

To compensate the general account for the risks taken, the separate account for the last five years paid risk charges to the general account of (in thousands):

---

| | |
|:---|:---|
| **2025** | $**87** |
| 2024 | 93 |
| 2023 | 66 |
| 2022 | 73 |
| 2021 | 89 |

---

Information regarding the separate accounts by risk-based capital (RBC) groupings is as follows:

---

| | | |
|:---|:---|:---|
|  | **December 31,** | **December 31,** |
|  | **2025** | **2024** |
|  | **Non-Guaranteed Separate<br>Accounts** | **Non-Guaranteed Separate<br>Accounts** |
|  | *(In Thousands)* | *(In Thousands)* |
|  Premium | $**3205** | $3860 |
|  Reserves for accounts with assets at: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fair value | $**161699** | $163031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortized cost | **—** |  |
|  Total | $**161699** | $163031 |
|  Reserves for accounts by withdrawal characteristics: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discretionary withdrawal at fair value | $**160187** | $161555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not subject to discretionary withdrawal | **1512** | 1476 |
|  Total | $**161699** | $163031 |

---

There were no non-indexed guarantee separate accounts less than, equal or greater than 4%.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

3. Separate Account Transactions (continued)

A reconciliation of the summary of operations of the Company's separate accounts to the net transfers as recorded in the general account is as follows for the years ended December 31:

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2024** | **2023** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Transfers as reported in the separate accounts: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers to separate accounts | $**3205** | $3860 | $8357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers from separate accounts | **(23748)** | (19181) | (15139) |
|  Net transfers as reported in the separate accounts | **(20543)** | (15321) | (6782) |
|  Reconciling adjustments: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee withdrawals | **(288)** | (358) | (340) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **59** | 59 | (30) |
|  Net transfers as reported in the general account as a decrease in reserves and funds for all policies on the statements of operations | $**(20772)** | $(15620) | $(7152) |

---

Certain administrative, distribution, actuarial, and accounting functions of the Company are handled by the Company's affiliated parties. During the years ended December 31, 2025, 2024, and 2023, the Company paid a total of $0.5 million, $0.7 million, and $0.7 million, respectively, for these services, which are included in other insurance operating expenses in the statements of operations.

The Company had receivables from its parent and related parties in the amount of $0.1 million and $0.0 million at December 31, 2025 and 2024, respectively. The Company had payables in the amounts of $0.2 million and $0.2 million in the balance sheets at December 31, 2025 and 2024, respectively, for normal business transactions that are settled on a current basis.

The Company holds investments, either directly or indirectly, in certain securitizations in which affiliated parties act as collateral managers. The repayment of these investments is dependent upon the performance of the borrowers of the underlying assets held by the securitization vehicle. The borrowers are not affiliated with the Company and the Company does not have recourse to the affiliated collateral manager in the case of non-performance of the unaffiliated borrower. The total carrying value of these investments was $10.8 million and $25.8 million as-of December 31, 2025 and 2024, respectively.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

4. Related-Party Transactions

5. Reinsurance

The Company cedes reinsurance with other companies to provide for greater diversification of business, allow management to control exposure to potential losses arising from large risks, and provide additional capacity for growth.

Principal reinsurance ceded amounts are summarized as follows for the years ended December 31:

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2024** | **2023** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Reinsurance ceded: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Premiums | $**6205** | $9855 | $9784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commissions | $**257** | $120 | $467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims | $**—** | $20 | $4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surrenders | $**27344** | $31853 | $33771 |

---

In the accompanying financial statements, premiums, benefits, settlement expenses, and policy liabilities and accruals are reported net of reinsurance ceded. Accordingly, policy reserves have been shown net of reinsurance credits of $308.9 million and $321.4 million at December 31, 2025 and 2024, respectively.

The Company remains liable to policyholders if the reinsurers are unable to meet their contractual obligations under the applicable reinsurance agreements. To minimize its exposure to significant losses from reinsurer insolvencies, the Company evaluates the financial condition of its reinsurers, monitors concentrations of credit risk arising from similar activities or economic characteristics of the reinsurers, and requires collateralization of balances where allowable by contract.

As of December 31, 2025 and 2024, ceded reserves collateralized by the value of the Company's funds withheld under an indemnity retrocession agreement with a third party reinsurer were $310.6 million and $322.3 million, respectively. These amounts are included in the funds withheld liability on the balance sheets.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

5. Reinsurance (continued)

The Company's living benefit riders were reinsured 100% with Security Benefit Life Insurance Company (SBLIC), an affiliate. The Company recaptured this business as of September 30, 2024.

6. Insurance Liabilities

The Company's guaranteed minimum death benefit (GMDB) reserves are calculated following the assumptions and methodologies prescribed by NY Insurance Regulation 213. The following is a summary of the account values and net amount at risk for variable annuity contracts with GMDB invested in the general account as of December 31:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | **Account<br>Value** | **Net Amount<br>at Risk** | **Weighted-<br>Average<br>Attained Age** | **Account<br>Value** | **Net Amount<br>at Risk** | **Weighted-<br>Average<br>Attained Age** |
|  | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  Return of premium | $**57527** | $**52** | **66** | $65583 | $116 | 65 |
|  Step-up | **60576** | **430** | **72** | 59706 | 577 | 71 |
|  Total GMDB | $**118103** | $**482** | **69** | $125289 | $693 | 68 |

---

The Company previously offered guaranteed living benefits associated with variable annuity contracts, such as guaranteed minimum income benefits (GMIBs) and guaranteed minimum withdrawal benefits (GMWBs). The Company holds reserves for the guaranteed living benefits equal to the guaranteed living benefit reserve calculated following the assumptions and methodologies prescribed by NY Regulation 213.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

6. Insurance Liabilities (continued)

The Company is included in a consolidated Non-Life/Life federal income tax return filed by Eldridge Wealth Solutions (EWS), f/k/a Security Benefit Corporation. Under the Company's tax sharing agreement, federal income taxes are allocated to the Company as if it filed a separate return. The Internal Revenue Service is currently examining the Company's federal tax returns for tax years 2018 through 2019. There are no proposed adjustments. The Company is no longer subject to U.S. federal examinations by tax authorities for years before 2018. The Company is no longer under any state examinations currently.

The provision for income taxes includes current federal income tax expense or benefit. Deferred income taxes due to temporary differences between the financial reporting and income tax bases of assets and liabilities are reflected as a change to capital and surplus, subject to limitations. Such deferred taxes relate principally to reserves and deferred policy acquisition costs.

The application of SSAP No. 101, *Income Taxes,* requires a company to evaluate the recoverability of DTAs and to establish a valuation allowance if necessary to reduce the DTA to an amount which is more likely than not to be realized. Considerable judgment is required in determining whether a valuation allowance is necessary, and if so, the amount of such valuation allowance. In evaluating the need for a valuation allowance the Company considers many factors, including: (1) the nature of the DTAs and DTLs (2) whether they are ordinary or capital; (3) the timing of their reversal; (4) taxable income in prior carry back years as well as projected taxable earnings exclusive of

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

7. Income Taxes (continued)

reversing temporary differences and carry forwards; (5) the length of time that carryovers can be utilized; (6) unique tax rules that would impact the utilization of the deferred tax assets; and (7) any tax planning strategies that the Company would employ to avoid a tax benefit from expiring unused. Although the realization is not assured, management believes it is more likely than not that the deferred tax asset will be realized. The Company has not recorded a valuation allowance as of December 31, 2025 and 2024.

The Company is subject to Corporate Alternative Minimum Tax ("CAMT") due to being a member of a controlled group meeting the defined thresholds. This provision had no impact on the results of operations for years ended December 31, 2025 and 2024.

H.R.1, also referred to as the "One Big Beautiful Bill Act" (the "Tax Act of 2025") was enacted into law on July 4, 2025. The Tax Act of 2025 does not have a material impact on the Company's effective tax rate or deferred tax position.

The Company recorded net deferred tax assets of $0.1 million and $0.2 million as of December 31, 2025 and 2024, respectively. The main components of the DTAs are as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  | **Ordinary** | **Capital** | **Total** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Current Period: |  |  |  |
| a. Gross deferred tax assets | $**2020** | $**381** | $**2401** |
| b. Statutory valuation allowance | **—** | **—** | **—** |
| c. Adjusted gross deferred tax asset (a-b) | **2020** | **381** | **2401** |
| d. Deferred tax assets nonadmitted | **1474** | **372** | **1846** |
| e. Subtotal - net deferred tax asset (c-d) | **546** | **9** | **555** |
| f. Deferred tax liabilities | **423** | **9** | **432** |
| g. Net admitted deferred tax assets (e-f) | $**123** | $**—** | $**123** |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

7. Income Taxes (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
|  | **Ordinary** | **Capital** | **Total** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Prior Period: |  |  |  |
| a. Gross deferred tax assets | $2415 | $353 | $2768 |
| b. Statutory valuation allowance |  |  |  |
| c. Adjusted gross deferred tax asset (a-b) | 2415 | 353 | 2768 |
| d. Deferred tax assets nonadmitted | 1798 | 242 | 2040 |
| e. Subtotal - net deferred tax asset (c-d) | 617 | 111 | 728 |
| f. Deferred tax liabilities | 530 |  | 530 |
| g. Net admitted deferred tax assets (e-f) | $87 | $111 | $198 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Changes between December 31,<br>2025 and 2024** | **Changes between December 31,<br>2025 and 2024** | **Changes between December 31,<br>2025 and 2024** |
|  | **Ordinary** | **Capital** | **Total** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Change in Period: |  |  |  |
| a. Gross deferred tax assets | $(395) | $28 | $(367) |
| b. Statutory valuation allowance |  |  |  |
| c. Adjusted gross deferred tax asset (a-b) | (395) | 28 | (367) |
| d. Deferred tax assets nonadmitted | (324) | 130 | (194) |
| e. Subtotal—net deferred tax asset (c-d) | (71) | (102) | (173) |
| f. Deferred tax liabilities | (107) | 9 | (98) |
| g. Net admitted deferred tax assets (e-f) | $36 | $(111) | $(75) |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

7. Income Taxes (continued)

The Company has the necessary RBC levels to admit the increased amount of DTAs under SSAP No. 101 and an election has been made to do so. Such election has not changed from prior year. The amount of each component of the calculation by character is as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  | **Ordinary** | **Capital** | **Total** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Current Period: |  |  |  |
| a. Federal income taxes paid in prior years recoverable through loss carrybacks | $**—** | $**—** | $**—** |
| b. Adjusted gross DTAs expected to be realized (excluding the amount of DTAs from (a) above) after application of the threshold limitation | **123** | **—** | **123** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Adjusted gross DTAs expected to be realized following the balance sheet date | **123** | **—** | **123** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Adjusted gross DTAs allowed per limitation threshold | **xxxx** | **xxxx** | **6435** |
| c. Adjusted gross DTAs (excluding the amount of DTAs from (a) and (b) above) offset by gross DTLs | **423** | **9** | **432** |
| d. DTAs admitted as a result of SSAP No. 101 | $**546** | $**9** | $**555** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
|  | **Ordinary** | **Capital** | **Total** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Prior Period: |  |  |  |
| a. Federal income taxes paid in prior years recoverable through loss carrybacks | $— | $— | $— |
| b. Adjusted gross DTAs expected to be realized (excluding the amount of DTAs from (a) above) after application of the threshold limitation | 87 | 111 | 198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Adjusted gross DTAs expected to be realized following the balance sheet date | 87 | 111 | 198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Adjusted gross DTAs allowed per limitation threshold | xxxx | xxxx | 5752 |
| c. Adjusted gross DTAs (excluding the amount of DTAs from (a) and (b) above) offset by gross DTLs | 530 |  | 530 |
| d. DTAs admitted as a result of SSAP No. 101 | $617 | $111 | $728 |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

7. Income Taxes (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | **Changes between December 31,<br>2025 and 2024** | **Changes between December 31,<br>2025 and 2024** | **Changes between December 31,<br>2025 and 2024** |
|  | **Ordinary** | **Capital** | **Total** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Change in period: |  |  |  |
| a. Federal income taxes paid in prior years recoverable through loss carrybacks | $— | $— | $— |
| b. Adjusted gross DTAs expected to be realized (excluding the amount of DTAs from (a) above) after application of the threshold limitation | 36 | (111) | (75) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Adjusted gross DTAs expected to be realized following the balance sheet date | 36 | (111) | (75) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Adjusted gross DTAs allowed per limitation threshold | xxxx | xxxx | 683 |
| c. Adjusted gross DTAs (excluding the amount of DTAs from (a) and (b) above) offset by gross DTLs | (107) | 9 | (98) |
| d. DTAs admitted as a result of SSAP No. 101 | $(71) | $(102) | $(173) |

---

---

| | | |
|:---|:---|:---|
|  | **December 31,** | **December 31,** |
|  | **2025** | **2024** |
|  | *(In Thousands)* | *(In Thousands)* |
|  Ratio percentage used to determine recovery period and threshold limitation amount | **3388%** | 2772% |
|  Amount of adjusted capital and surplus used to determine recovery period and threshold limitation | $**42899** | $38346 |

---

The Company has no DTLs that have not been recognized.

The Company's tax planning strategies do not include the use of reinsurance.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

7. Income Taxes (continued)

The impact of tax planning strategies is as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  | **Ordinary** | **Capital** | **Total** |
|  Current Period: |  |  |  |
| a. Adjusted gross DTAs (% of total adjusted gross DTAs) | **0.00%** | **0.00%** | **0.00%** |
| b. Net admitted adjusted gross DTAs (% of total net admitted adjusted gross DTAs) | **0.00%** | **0.00%** | **0.00%** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
|  | **Ordinary** | **Capital** | **Total** |
|  Prior Period: |  |  |  |
| a. Adjusted gross DTAs (% of total adjusted gross DTAs) | 0.00% | 31.20% | 4.00% |
| b. Net admitted adjusted gross DTAs (% of total net admitted adjusted gross DTAs) | 0.00% | 99.60% | 15.10% |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Change Between December 31,<br>2025 and 2024** | **Change Between December 31,<br>2025 and 2024** | **Change Between December 31,<br>2025 and 2024** |
|  | **Ordinary** | **Capital** | **Total** |
|  Change in Period: |  |  |  |
| a. Adjusted gross DTAs (% of total adjusted gross DTAs) | 0.00% | (31.20)% | (4.00)% |
| b. Net admitted adjusted gross DTAs (% of total net admitted adjusted gross DTAs) | 0.00% | (99.60)% | (15.10)% |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

7. Income Taxes (continued)

Current income taxes incurred and deferred income taxes consist of the following major components as of December 31:

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2024** | **Change** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
| 1. Current income tax: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Federal | $**1247** | $1133 | $114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Federal income tax on capital gains | **(26)** | (661) | 635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Other | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Federal income taxes incurred | $**1221** | $472 | $749 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2024** | **Change** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
| 2. Deferred tax assets: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Ordinary: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Policyholder reserves | $**1854** | $2275 | $(421) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Investments | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Deferred acquisition costs | **105** | 114 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Other (incl. items < 5% ordinary tax assets) | **61** | 26 | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal | **2020** | 2415 | (395) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Statutory valuation allowance adjustment |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Nonadmitted | **1474** | 1798 | (324) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Admitted ordinary deferred tax asset | **546** | 617 | (71) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Capital: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Investments | **381** | 353 | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Other (incl. items < 5% ordinary tax assets) | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal | **381** | 353 | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Statutory valuation allowance adjustment | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Nonadmitted | 372 | 242 | 130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Admitted capital deferred tax asset | 9 | 111 | (102) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Admitted deferred tax assets | **555** | 728 | (173) |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

7. Income Taxes (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2024** | **Change** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
| 3. Deferred tax liabilities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Ordinary: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Investments | $**423** | $299 | $124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Policyholder reserves | **—** | 231 | (231) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Other (incl. items < 5% ordinary tax assets) | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal | **423** | 530 | (107) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Capital: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Investments | **9** |  | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Other (incl. items < 5% ordinary tax assets) | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal | **9** |  | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Deferred tax liabilities | **432** | 530 | (98) |
| 4. Net deferred tax assets/liabilities | $**123** | $198 | $(75) |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

7. Income Taxes (continued)

The most significant book to tax adjustments for the years ended December 31, 2025 and 2024 were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2024** | **2024** | **2023** | **2023** |
|  | **Amount** | **Effective<br>Tax<br>Rate** | **Amount** | **Effective<br>Tax<br>Rate** | **Amount** | **Effective<br>Tax<br>Rate** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Provision computed at statutory rate | $**1417** | **21.0%** | $219 | 21.0% | $367 | 21.0% |
|  Dividend received deduction | **(32)** | **(0.5)** | (60) | (5.7) | (66) | (3.8) |
|  Tax exempt interest | **(24)** | **(0.4)** | (31) | (3.0) | (51) | (2.9) |
|  Interest maintenance reserves | **246** | **3.6** | 217 | 20.8 | 113 | 6.5 |
|  Change in non-admitted assets | **(33)** | **(0.5)** |  |  | (6) | (0.4) |
|  Other adjustments | **2** | **0.2** | (12) | (1.2) | 40 | 2.3 |
|  Total statutory income taxes | $**1576** | **23.4%** | $333 | 31.9% | $397 | 22.7% |
|  Federal income taxes incurred | $**1221** | **18.1%** | $472 | 45.3% | $785 | 44.9% |
|  Change in net deferred income taxes | **355** | **5.3** | (139) | (13.4) | (388) | (22.2) |
|  Total statutory income taxes | $**1576** | **23.4%** | $333 | 31.9% | $397 | 22.7% |

---

The Company recognizes interest and penalties accrued related to the unrecognized tax benefits in interest expense. The Company did not have any interest and penalties recorded for the years ended December 31, 2025 and 2024.

The Company did not record any tax contingencies as of December 31, 2025 and 2024.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

8. Fair Value Information

In accordance with SSAP No. 100, *Fair Value Measurements*, the Company groups its financial assets and liabilities measured at fair value into three levels based on the inputs and assumptions used to determine the fair value. These levels are as follows:

*Level 1* – Valuations are based on unadjusted quoted prices for identical instruments traded in active markets.

*Level 2* – Valuations are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which significant assumptions are observable in the market.

*Level 3* – Valuations are generated from techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company's assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of discounted cash flow models and spread-based models and similar techniques using the best information available in the circumstances.

#### Determination of Fair Value
Under SSAP No. 100, the Company bases fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is the Company's policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements in accordance with the fair value hierarchy in SSAP No. 100.

*Cash equivalents* 

Cash equivalents include money market mutual funds. Fair values are determined using unadjusted quoted prices for identical instruments traded in active markets and are included in Level 1.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

8. Fair Value Information (continued)

*Common and preferred stocks* 

Level 2 securities are primarily preferred stocks valued using pricing for similar securities, recently executed transactions, broker/dealer quotes and other pricing models utilizing market observable inputs.

*Separate account assets* 

Fair value of mutual funds within the separate accounts is determined using quoted prices in active markets for identical assets and is reflected in Level 1.

*Issuer credit obligations and asset-backed securities* 

Fair value of issuer credit obligations and asset-backed securities are valued using methodologies where the information is generated by market transactions involving identical or comparable assets, as well as discounted cash flow methodologies. Common inputs include prices from recently executed transactions of similar securities, broker/dealer quotes, benchmark yields, spreads off benchmark yields, interest rates and U.S. Treasury or swap curves. Specifically for asset-backed securities, key inputs include CPR, CDR and severity on defaults based on past performance of the underlying collateral and current market data. Level 2 securities include securities where the significant inputs are observable in the marketplace. Securities are generally assigned to Level 3 in cases where internal models with unobservable inputs are utilized or where broker/dealer quotes are significant inputs to the valuation and there is a lack of transparency as to whether these quotes are based on information that is observable in the marketplace

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

8. Fair Value Information (continued)

*Policy loans* 

Fair values for policy loans are estimated using discounted cash flow analysis based on market interest rates for similar loans to borrowers with similar credit ratings. Loans with similar characteristics are aggregated for purposes of the calculations. These assets are included in Level 3.

*Other invested assets* 

Other invested assets include surplus notes. The fair value of these instruments is based on the methodology described above for issuer credit obligations and asset-backed securities.

*Investment income due and accrued* 

The Company believes there is minimal risk of material changes in both credit of the issuer and interest rates such that the carrying value of investment income due and accrued approximates fair value. Generally, investment income due and accrued is classified as Level 2.

*Investment-type insurance contracts* 

The fair values of the Company's reserves and liabilities for investment-type insurance contracts are estimated using discounted cash flow analysis based on risk-free rates, nonperformance risk, and a risk margin. Investment-type insurance contracts include insurance, annuity, and other policy contracts that do not involve significant mortality or morbidity risk and are only a portion of the policyholder liabilities appearing in the balance sheets. Insurance contracts include insurance, annuity, and other policy contracts that involve significant mortality or morbidity risk. The fair values for insurance contracts, other than investment-type contracts, are not required to be disclosed. These liabilities are included in Level 3.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

8. Fair Value Information (continued)

*Separate account liabilities* 

The fair values of the separate account liabilities are estimated based on the fair value of the related separate account assets, as these are considered to be pass-through contracts. As the applicable separate account assets are already reflected at fair value, any adjustments to the fair value of the block are assumed adjustments to the separate account liabilities. These liabilities are included in Level 1.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

8. Fair Value Information (continued)

#### Assets and Liabilities Measured and Reported at Fair Value
The following tables present assets measured and reported at fair value for the year ended December 31, 2025 and 2024 as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  | | **Fair Value Hierarchy Level** | **Fair Value Hierarchy Level** | **Fair Value Hierarchy Level** |
|  |<br>**Fair Value** | **Level 1** | **Level 2** | **Level 3** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Cash equivalents | $**9199** | $**9199** | $**—** | $**—** |
|  Common and preferred stocks | **1494** | **—** | **1494** | **—** |
|  Separate account assets | **161957** | **161957** | **—** | **—** |
|  Total assets | $**172650** | $**171156** | $**1494** | $**—** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
|  | | **Fair Value Hierarchy Level** | **Fair Value Hierarchy Level** | **Fair Value Hierarchy Level** |
|  |<br>**Fair Value** | **Level 1** | **Level 2** | **Level 3** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Cash equivalents | $5116 | $5116 | $— | $— |
|  Common and preferred stocks | 1900 |  | 1900 |  |
|  Separate account assets | 163557 | 163557 |  |  |
|  Total assets | $170573 | $168673 | $1900 | $— |

---

There were no Level 3 assets and liabilities measured and reported at fair value using significant unobservable inputs for the years ended December 31, 2025, and 2024.

There were no changes in Level 3 assets and liabilities measured and reported at fair value using significant unobservable inputs for the year ended December 31, 2025.

There were no changes in Level 3 purchases, issuances, sales and settlements for the year ended December 31, 2025.

There were no transfers into or out of Level 3 for the years ended December 31, 2025 and 2024. The transfers between levels are determined as of the end of the year for which the transfer was completed.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

8. Fair Value Information (continued)

#### Quantitative Information about Level 3 Fair Value Measurements
The Company had no securities held at fair value for which the significant inputs used to determine fair value were unobservable as of December 31, 2025 and 2024.

SSAP No. 100 requires disclosures of fair value information about financial instruments, whether recognized or not recognized in a company's balance sheet, for which it is practicable to estimate that value.

SSAP No. 100 excludes certain insurance liabilities and nonfinancial instruments from its disclosure requirements. However, the liabilities under all insurance contracts are taken into consideration in the Company's overall management of interest rate risk that minimizes exposure to changing interest rates through the matching of investment maturities with amounts due under insurance contracts. The fair value amounts presented herein do not include an amount for the value associated with customer or agent relationships, the expected interest margin (interest earnings in excess of interest credited) to be earned in the future on investment-type products, or other intangible items. Accordingly, the aggregate fair value amounts presented herein do not necessarily represent the underlying value of the Company; likewise, care should be exercised in deriving conclusions about the Company's business or financial condition based on the fair value information presented herein.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

8. Fair Value Information (continued)

#### Financial Instruments Not Reported at Fair Value
The following table provides the carrying amount, estimated fair value, and level within the fair value hierarchy of the Company's financial instruments:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  | | | **Fair Value Hierarchy Level** | **Fair Value Hierarchy Level** | **Fair Value Hierarchy Level** |
|  |<br>**Carrying<br>Amount** |<br>**Fair Value** | **Level 1** | **Level 2** | **Level 3** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Assets (liabilities) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuer credit obligations | $**220308** | $**220804** | $**—** | $**199030** | $**21774** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-backed securities | **146937** | **145450** |  | **139194** | **6256** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policy loans | **385** | **387** | **—** | **—** | **387** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other invested assets | **2421** | **2556** | **—** | **2556** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment income due and accrued | **3727** | **3727** | **—** | **3727** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment-type insurance contracts | **(27622)** | **(27447)** | **—** | **—** | **(27447)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Separate account liabilities | **(161957)** | **(161957)** | **(161957)** | **—** | **—** |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

8. Fair Value Information (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
|  | | | **Fair Value Hierarchy Level** | **Fair Value Hierarchy Level** | **Fair Value Hierarchy Level** |
|  |<br>**Carrying<br>Amount** |<br>**Fair Value** | **Level 1** | **Level 2** | **Level 3** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Assets (liabilities) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds | $391783 | $381259 | $— | $342044 | $39215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term investments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policy loans | 413 | 415 |  |  | 415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other invested assets | 2431 | 2466 |  | 2466 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment income due and accrued | 3911 | 3911 |  | 3911 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment type insurance contracts | (33686) | (33882) |  |  | (33882) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Separate account liabilities | (163557) | (163557) | (163557) |  |  |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

9. Annuity and Deposit Liabilities

The withdrawal characteristics of the liability for future policy benefits for annuities and supplementary contracts and deposits were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  | **General<br>Account** | **Separate<br>Account** | **Total** | **Percentage** |
|  | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  Subject to discretionary withdrawal: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At book value, less current surrender charge of 5% or more | $**15268** | $**—** | $**15268** | **3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At fair value | **—** | **160187** | **160187** | **32** |
|  Total with adjustment | **15268** | **160187** | **175455** | **35** |
|  At book value with minimum or no charge or adjustment | **198187** | **—** | **198187** | **39** |
|  Additional actuarial reserve for Asset/liability analysis | 119000 |  | 119000 | 24 |
|  Not subject to discretionary withdrawal | **9290** | **1512** | **10802** | **2** |
|  Subtotal | **341745** | **161699** | **503444** | **100%** |
|  Less reinsurance ceded | **297343** | **—** | **297343** |  |
|  Totals (net of reinsurance) | $**44402** | $**161699** | $**206101** |  |
|  Amount that will move to book value with minimal or no charge in the year after the statement date | $**644** | $**—** | $**644** |  |

---

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

9. Annuity and Deposit Liabilities (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
|  | **General<br>Account** | **Separate<br>Account** | **Total** | **Percentage** |
|  | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  Subject to discretionary withdrawal: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At book value, less current surrender charge of 5% or more | $17896 | $— | $17896 | 3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At fair value |  | 161555 | 161555 | 31 |
|  Total with adjustment | 17896 | 161555 | 179451 | 34 |
|  At book value with minimum or no charge or adjustment | 216543 |  | 216543 | 41 |
|  Additional actuarial reserve for Asset/liability analysis | 121000 |  | 121000 | 23 |
|  Not subject to discretionary withdrawal | 9045 | 1476 | 10521 | 2 |
|  Subtotal | 364484 | 163031 | 527515 | 100% |
|  Less reinsurance ceded | 310820 |  | 310820 |  |
|  Totals (net of reinsurance) | $53664 | $163031 | $216695 |  |
|  Amount that will move to book value with minimal or no charge in the year after the statement date | $1809 | $— | $1809 |  |

---

A reconciliation of total annuity actuarial reserves liabilities is as follows as of December 31:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
|  | *(In Thousands)* | *(In Thousands)* |
|  Life and Accident and Health Annual Statement: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity reserves, total net | $**44402** | $53664 |
|  Separate Accounts Annual Statement: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuities (excluding supplementary statements) | **161699** | 163031 |
|  Total annuity actuarial reserves and deposit fund liabilities | $**206101** | $216695 |

---

Annually, the Company completes the asset adequacy analysis of statutory reserves established for fixed and variable deferred annuities. This analysis was accomplished net of reinsurance using the New York 7 scenarios and additional 16VM-20 SERT scenarios, resulting in the establishment of Cash Flow Testing reserves of $8.5 million and $10.5 million as of December 31, 2025 and 2024, respectively.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

9. Annuity and Deposit Liabilities (continued)

The withdrawal characteristics of the liability for life insurance were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | **General Account** | **General Account** | **General Account** | **General Account** | **General Account** | **General Account** |
|  | **Account<br>Value** | **Cash<br>Value** | **Reserve** | **Account<br>Value** | **Cash<br>Value** | **Reserve** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Subject to discretionary withdrawal, surrender values, or policy loans: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Permanent Cash Value Life Insurance | $**—** | $**42** | $**43** | $— | $41 | $42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous Reserves | **—** | **—** | **119000** |  |  | 121000 |
|  Total (gross: direct + assumed) | **—** | **42** | **119043** |  | 41 | 121042 |
|  Reinsurance Ceded |  | **42** | **110543** |  | 41 | 110542 |
|  Total (net) | $**—** | $**—** | $**8500** | $— | $— | $10500 |

---

The Company did not have any separates accounts supporting life insurance policies in 2025 or 2024.

11. Commitments and Contingencies

New York regulations allow for two alternatives methods of distributing ordinary dividends to shareholders, a "greater of" method and a "lesser of" method. The greater of method allows for a dividend to be paid from earned surplus when the aggregate amount of dividends paid in any calendar year does not exceed the greater of (a) 10% of its surplus to policyholders as of the immediately preceding calendar year or (b) its net gain from operations (not including realized capital gains) as of the immediately preceding calendar year, not to exceed 30% of its surplus to

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

11. Commitments and Contingencies (continued)

policyholders (as of the same preceding calendar year). If an insurer does not have sufficient positive earned surplus to pay an ordinary dividend under the "greater of" method, it may only distribute an ordinary dividend under the "lesser of" method. The lesser of method allows for a dividend to be paid from surplus when the aggregate amount of dividends paid in any calendar year does not exceed the lesser of (a) 10% of its surplus to policyholders or (b) its net gain from operations (not including realized capital gains), in each case as of the immediately preceding calendar year. Insurers are required to provide the superintendent with 10 days prior notice before paying an ordinary dividend. Furthermore, the Superintendent may, in his or her discretion, limit or disallow any ordinary dividends under the "greater of" method if the Superintendent determines that a domestic stock life insurer's surplus to policyholders following any dividend distribution is not reasonable in relation to the insurer's outstanding liabilities and not adequate to meet its financial needs or the insurer is financially distressed. Dividends that exceed the "greater of" or "lesser of" methods are deemed extraordinary and a notice must be filed with the Superintendent for approval.

Under the laws of the State of New York, the Company is required to maintain minimum statutory-basis capital and surplus of $6.0 million. Of this amount, $4.0 million, which is the Company's minimum surplus to policyholders, must be invested in specific types of investments in accordance with New York law.

*Other Legal and Regulatory Matters:* The Company may be party to legal and arbitral proceedings, subject to complaints, and the like in the ordinary course of business, is periodically examined by its regulators in the ordinary course of business, and may discuss certain matters with its regulators that come up during such examinations or otherwise. Management currently does not believe that any litigation, arbitration, complaint or other such matter to which it is party, or that any actions by its regulators with respect to any such examinations or matters under discussion with them, will, alone or collectively, materially adversely affect the Company's results of operations or financial condition.

------

First Security Benefit Life Insurance and Annuity Company of New York

Notes to Financial Statements (continued)

*(Statutory Basis)* 

12. Subsequent Events

Subsequent events have been evaluated through April 24, 2026, which is the date the financial statements were issued.

------

Exhibits and Financial Statement Schedules

------

First Security Benefit Life Insurance and Annuity Company of New York

Exhibits and Financial Statement Schedules

Years Ended December 31, 2025, 2024 and 2023

#### Contents

---

| | |
|:---|:---|
|  [Report of Independent Auditors on Schedules](#fin95849_101) | 49 |
|  Exhibits and Financial Statement Schedules |  |
|  [Schedule I - Summary of Investments Other Than Investments in Related Parties as of December 31, 2025 and 2024](#fin95849_103) | 50 |
|  [Schedule III - Supplementary Insurance Information as of December 31, 2025, 2024 and 2023 and for Each of the Years Then Ended](#fin95849_104) | 52 |
|  [Schedule IV - Reinsurance as of December 31, 2025, 2024 and 2023 and for Each of the Years Then Ended](#fin95849_105) | 53 |

---

------

Report of Independent Auditors

The Board of Directors

First Security Benefit Life Insurance and

Annuity Company of New York

We have audited the statutory-basis financial statements of First Security Benefit Life Insurance and Annuity Company of New York (the Company) as of December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, and have issued our report thereon dated April 24, 2026 (included elsewhere in this Registration Statement). Our audits of the financial statements included the financial statement schedules listed in Item 24(a)(2) of this Registration Statement. These schedules are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's schedules, based on our audits.

In our opinion, the schedules present fairly, in all material respects, the information set forth therein when considered in conjunction with the financial statements.

/s/ Ernst & Young

Kansas City, Missouri

April 24, 2026

------

First Security Benefit Life Insurance and Annuity Company of New York

Schedule I - Summary of Investments

Other Than Investments in Related Parties

Years Ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** |
|  | **Cost** | **Value** | **Amount at which<br>shown in the<br>balance sheet<br>adjusted for related<br>party** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuer credit obligations | $**220162** | $**220449** | $**219958** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-backed securities | **136354** | **134725** | **136172** |
|  Total bonds | **356516** | **355174** | **356130** |
|  Equity securities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer | **1** | **1** | **1** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred stock: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer | **503** | **325** | **325** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial | **1250** | **1168** | **1168** |
|  Total equity securities | **1754** | **1494** | **1494** |
|  Policy loans | **385** |  | **385** |
|  Cash and cash equivalents | **26374** |  | **26374** |
|  Receivable for securities | **379** |  | **379** |
|  Other invested assets | **2421** |  | **2421** |
|  | $**387829** |  | $**387183** |

---

*See accompanying Report of Independent Auditors* 

------

First Security Benefit Life Insurance and Annuity Company of New York

Schedule I - Summary of Investments

Other Than Investments in Related Parties (continued)

---

| | | | |
|:---|:---|:---|:---|
|  | **2024** | **2024** | **2024** |
|  | **Cost** | **Value** | **Amount at which<br>shown in the<br>balance sheet<br>adjusted for related<br>party** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
|  Fixed maturities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury securities and obligations of U.S. government corporations and agencies | $422 | $420 | $422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Obligations of government-sponsored enterprises | 39820 | 38700 | 39820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate | 188683 | 183168 | 188658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Obligations of foreign governments |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal governments | 13492 | 13176 | 13492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial mortgage-backed | 25246 | 23854 | 25246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residential mortgage-backed | 30687 | 29676 | 30687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized loan obligations | 20910 | 20870 | 20910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other asset backed | 46683 | 45703 | 46683 |
|  Total fixed maturities | 365943 | 355567 | 365918 |
|  Equity securities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred stock: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer | 864 | 690 | 690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial | 1250 | 1210 | 1210 |
|  Total equity securities | 2114 | 1900 | 1900 |
|  Policy loans | 413 |  | 413 |
|  Cash and cash equivalents | 17543 |  | 17543 |
|  Receivable for securities | 393 |  | 393 |
|  Other invested assets | 2431 |  | 2431 |
|  | $388837 |  | $388598 |

---

*See accompanying Report of Independent Auditors* 

------

First Security Benefit Life Insurance and Annuity Company of New York

Schedule III - Supplementary Insurance Information

As of December 31, 2025, 2024 and 2023 and for Each of the Years Then Ended

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Future Policy<br>Benefits and<br>Claims** | **Premiums and<br>other<br>considerations** | **Net Investment**<br>**Income(1)** | **Benefit claims<br>and settlement<br>expenses** | **Other<br>operating<br>expenses** |
|  | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* | *(In Thousands)* |
| **2025** |  |  |  |  |  |
|  Life, health and annuity | $**44403** | $**4.358** | $**4995** | $**5209** | $**1209** |
| **2024** |  |  |  |  |  |
|  Life, health and annuity | $53664 | $3926 | $4560 | $7042 | $715 |
| **2023** |  |  |  |  |  |
|  Life, health and annuity | $63440 | $8532 | $4351 | $7195 | $(213) |

---

<sup>(1)</sup> Allocations of net investment income and certain operating expenses are based on a number of assumptions and estimates, and reported operating results would change if different methods were applied.

*See accompanying Report of Independent Auditors* 

------

First Security Benefit Life Insurance and Annuity Company of New York

Schedule IV - Reinsurance

As of December 31, 2025, 2024 and 2023 and for Each of the Years Then Ended

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2025** | **2025** |
|  | **Gross amount** | **Ceded to other<br>companies** | **Assumed from<br>companies** | **Net amount** | **Percent of<br>amount<br>assumed to net** |
|  | *(Dollars In Thousands)* | *(Dollars In Thousands)* | *(Dollars In Thousands)* | *(Dollars In Thousands)* | *(Dollars In Thousands)* |
|  Life insurance in force | $**52** | $**52** | $**—** | $**—** | **0.00%** |
|  Premiums: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity | **10535** | **6205** | **28** | **4358** | **0.64** |
|  Total premiums | $**10535** | $**6205** | $**28** | $**4358** | **0.64%** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **2024** | **2024** | **2024** | **2024** | **2024** |
|  | **Gross amount** | **Ceded to other<br>companies** | **Assumed from<br>companies** | **Net amount** | **Percent of<br>amount<br>assumed to net** |
|  | *(Dollars In Thousands)* | *(Dollars In Thousands)* | *(Dollars In Thousands)* | *(Dollars In Thousands)* | *(Dollars In Thousands)* |
|  Life insurance in force | $52 | $52 | $— | $— | 0.00% |
|  Premiums: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity | 13756 | 9855 | 25 | 3926 | 0.64 |
|  Total premiums | $13756 | $9855 | $25 | $3926 | 0.64% |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **2023** | **2023** | **2023** | **2023** | **2023** |
|  | **Gross amount** | **Ceded to other<br>companies** | **Assumed from<br>companies** | **Net amount** | **Percent of<br>amount<br>assumed to net** |
|  | *(Dollars In Thousands)* | *(Dollars In Thousands)* | *(Dollars In Thousands)* | *(Dollars In Thousands)* | *(Dollars In Thousands)* |
|  Life insurance in force | $75 | $75 | $— | $— | 0.00% |
|  Premiums: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annuity | 18280 | 9784 | 36 | 8532 | 0.42 |
|  Total premiums | $18280 | $9784 | $36 | $8532 | 0.42% |

---

*See accompanying Report of Independent Auditors* 

------

FINANCIAL STATEMENTS

Variable Annuity Account A

Year Ended December 31, 2025

With Report of Independent Registered Public Accounting Firm

------

Variable Annuity Account A

Financial Statements

Year Ended December 31, 2025

---

| | |
|:---|:---|
| Contents |  |
|  [Report of Independent Registered Public Accounting Firm](#fin13222_1) | 1 |
|  Audited Financial Statements |  |
|  [Statements of Net Assets](#fin13222_3) | 11 |
|  [Statements of Operations and Change in Net Assets](#fin13222_4) | 17 |
|  [Notes to Financial Statements](#fin13222_5) | 96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[1. Organization and Significant Accounting Policies](#fin13222_6) | 96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[2. Variable Annuity Contract Charges](#fin13222_7) | 118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[3. Summary of Unit Transactions](#fin13222_8) | 121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[4. Financial Highlights](#fin13222_9) | 130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[5. Subsequent Events](#fin13222_10) | 179 |

---

------

Report of Independent Registered Public Accounting Firm

To the Board of Directors of First Security Benefit Life Insurance and

Annuity Company of New York and Contract Owners of Variable

Annuity Account A

#### Opinion on the Financial Statements
We have audited the accompanying statements of net assets of each of the subaccounts listed in the Appendix that comprise Variable Annuity Account A (the Separate Account), as of December 31, 2025, and the related statements of operations and change in net assets for each of the periods indicated in the Appendix, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each subaccount as of December 31, 2025, the results of its operations and changes in its net assets for each of the periods indicated in the Appendix, in conformity with U.S. generally accepted accounting principles.

#### Basis for Opinion
These financial statements are the responsibility of the Separate Account's management. Our responsibility is to express an opinion on each of the subaccounts' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Separate Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2025, by correspondence with the fund companies or their transfer agents, as applicable. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Ernst & Young LLP

We have served as the Separate Account's auditor since 1994.

Kansas City, Missouri

April 24, 2026

------

#### Appendix

#### Subaccounts comprising Variable Annuity Account A

---

| | |
|:---|:---|
| **Subaccounts** | **Statements of operations and changes in net assets** |
|  AB VPS Discovery Value Portfolio | For each of the two years in the period ended December 31, 2025 |
|  AB VPS Relative Value Portfolio | For each of the two years in the period ended December 31, 2025 |
|  AFIS Capital World Growth and Income | For each of the two years in the period ended December 31, 2025 |
|  AFIS U.S. Government Securities | For each of the two years in the period ended December 31, 2025 |
|  AFIS Washington Mutual Investors | For each of the two years in the period ended December 31, 2025 |
|  Alger Capital Appreciation | For each of the two years in the period ended December 31, 2025 |
|  Alger Large Cap Growth | For each of the two years in the period ended December 31, 2025 |
|  Allspring Opportunity VT | For each of the two years in the period ended December 31, 2025 |
|  Allspring VT Discovery All Cap Growth Fund | For each of the two years in the period ended December 31, 2025 |
|  ALPS/Alerian Energy Infrastructure | For each of the two years in the period ended December 31, 2025 |
|  American Funds IS<sup>®</sup> Asset Allocation | For each of the two years in the period ended December 31, 2025 |
|  American Funds IS<sup>®</sup> Capital World Bond | For each of the two years in the period ended December 31, 2025 |
|  American Funds IS<sup>®</sup> Global Growth | For each of the two years in the period ended December 31, 2025 |
|  American Funds IS<sup>®</sup> Global Small Capitalization | For each of the two years in the period ended December 31, 2025 |
|  American Funds IS<sup>®</sup> Growth | For each of the two years in the period ended December 31, 2025 |
|  American Funds IS<sup>®</sup> Growth-Income | For each of the two years in the period ended December 31, 2025 |
|  American Funds IS<sup>®</sup> International | For each of the two years in the period ended December 31, 2025 |
|  American Funds IS<sup>®</sup> International Growth and Income | For each of the two years in the period ended December 31, 2025 |
|  American Funds IS<sup>®</sup> Mortgage | For each of the two years in the period ended December 31, 2025 |
|  American Funds IS<sup>®</sup> New World | For each of the two years in the period ended December 31, 2025 |
|  BlackRock Advantage Large Cap Core V.I. | For each of the two years in the period ended December 31, 2025 |
|  BlackRock Basic Value V.I. | For each of the two years in the period ended December 31, 2025 |
|  BlackRock Equity Dividend V.I. | For each of the two years in the period ended December 31, 2025 |
|  BlackRock Global Allocation V.I. | For each of the two years in the period ended December 31, 2025 |
|  BlackRock High Yield V.I. | For each of the two years in the period ended December 31, 2025 |
|  BlackRock Large Cap Focus Growth V.I. | For each of the two years in the period ended December 31, 2025 |
|  BNY Mellon IP Small Cap Stock Index | For each of the two years in the period ended December 31, 2025 |
|  BNY Mellon IP Technology Growth | For each of the two years in the period ended December 31, 2025 |

---

------

---

| | |
|:---|:---|
| **Subaccounts** | **Statements of operations and changes in net assets** |
|  BNY Mellon VIF Appreciation | For each of the two years in the period ended December 31, 2025 |
|  Dimensional VA Global Moderate Allocation | For each of the two years in the period ended December 31, 2025 |
|  Dimensional VA International Small Portfolio | For each of the two years in the period ended December 31, 2025 |
|  Dimensional VA International Value Portfolio | For each of the two years in the period ended December 31, 2025 |
|  Dimensional VA Short-Term Fixed Portfolio | For each of the two years in the period ended December 31, 2025 |
|  Dimensional VA U.S. Large Value Portfolio | For each of the two years in the period ended December 31, 2025 |
|  Dimensional VA U.S. Targeted Value Portfolio | For each of the two years in the period ended December 31, 2025 |
|  Donoghue Forlines Dividend VIT Fund | For each of the two years in the period ended December 31, 2025 |
|  DWS Small Mid Cap Value VIP | For each of the two years in the period ended December 31, 2025 |
|  Eaton Vance VT Floating-Rate Income | For each of the two years in the period ended December 31, 2025 |
|  Federated Hermes Fund for U.S. Government Securities II | For each of the two years in the period ended December 31, 2025 |
|  Federated Hermes High Income Bond II | For each of the two years in the period ended December 31, 2025 |
|  Fidelity<sup>®</sup> VIP Balanced | For each of the two years in the period ended December 31, 2025 |
|  Fidelity<sup>®</sup> VIP Contrafund | For each of the two years in the period ended December 31, 2025 |
|  Fidelity<sup>®</sup> VIP Disciplined Small Cap | For each of the two years in the period ended December 31, 2025 |
|  Fidelity<sup>®</sup> VIP Emerging Markets | For each of the two years in the period ended December 31, 2025 |
|  Fidelity<sup>®</sup> VIP Growth & Income | For each of the two years in the period ended December 31, 2025 |
|  Fidelity<sup>®</sup> VIP Growth Opportunities | For each of the two years in the period ended December 31, 2025 |
|  Fidelity<sup>®</sup> VIP High Income | For each of the two years in the period ended December 31, 2025 |
|  Fidelity<sup>®</sup> VIP Index 500 | For each of the two years in the period ended December 31, 2025 |
|  Fidelity<sup>®</sup> VIP Investment Grade Bond | For each of the two years in the period ended December 31, 2025 |
|  Fidelity<sup>®</sup> VIP Mid Cap | For each of the two years in the period ended December 31, 2025 |
|  Fidelity<sup>®</sup> VIP Overseas | For each of the two years in the period ended December 31, 2025 |
|  Fidelity<sup>®</sup> VIP Real Estate | For each of the two years in the period ended December 31, 2025 |
|  Fidelity<sup>®</sup> VIP Strategic Income | For each of the two years in the period ended December 31, 2025 |
|  Franklin DynaTech VIP | For each of the two years in the period ended December 31, 2025 |
|  Franklin Growth and Income VIP Fund | For each of the two years in the period ended December 31, 2025 |
|  Franklin Income VIP Fund | For each of the two years in the period ended December 31, 2025 |
|  Franklin Large Cap Growth VIP Fund | For each of the two years in the period ended December 31, 2025 |

---

------

---

| | |
|:---|:---|
| **Subaccounts** | **Statements of operations and changes in net assets** |
|  Franklin Mutual Global Discovery VIP Fund | For each of the two years in the period ended December 31, 2025 |
|  Franklin Mutual Shares VIP Fund | For each of the two years in the period ended December 31, 2025 |
|  Franklin Rising Dividends VIP Fund | For each of the two years in the period ended December 31, 2025 |
|  Franklin Small Cap Value VIP Fund | For each of the two years in the period ended December 31, 2025 |
|  Franklin Small-Mid Cap Growth VIP Fund | For each of the two years in the period ended December 31, 2025 |
|  Franklin Strategic Income VIP Fund | For each of the two years in the period ended December 31, 2025 |
|  Franklin U.S. Government Securities VIP Fund | For each of the two years in the period ended December 31, 2025 |
|  Goldman Sachs VIT International Equity Insights | For each of the two years in the period ended December 31, 2025 |
|  Goldman Sachs VIT Mid Cap Growth Fund | For each of the two years in the period ended December 31, 2025 |
|  Goldman Sachs VIT Mid Cap Value | For each of the two years in the period ended December 31, 2025 |
|  Guggenheim VIF Floating Rate Strategies | For each of the two years in the period ended December 31, 2025 |
|  Guggenheim VIF Global Managed Futures Strategy | For each of the two years in the period ended December 31, 2025 |
|  Guggenheim VIF High Yield | For each of the two years in the period ended December 31, 2025 |
|  Guggenheim VIF Multi-Hedge Strategies | For each of the two years in the period ended December 31, 2025 |
|  Guggenheim VIF Total Return Bond | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. American Franchise Series I | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. American Value | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Balanced-Risk Allocation | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Comstock | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Core Equity | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Discovery Mid Cap Growth | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Equally-Weighted S&P 500 | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Equity and Income | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. EVQ International Equity Fund | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Global | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Global Real Estate | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Global Strategic Income | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Government Securities | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Health Care | For each of the two years in the period ended December 31, 2025 |

---

------

---

| | |
|:---|:---|
| **Subaccounts** | **Statements of operations and changes in net assets** |
|  Invesco V.I. International Growth Fund | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Main Street Mid Cap Fund<sup>®</sup> | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Main Street Small Cap Fund<sup>®</sup> | For each of the two years in the period ended December 31, 2025 |
|  Invesco V.I. Small Cap Equity | For each of the two years in the period ended December 31, 2025 |
|  Janus Henderson VIT Enterprise | For each of the two years in the period ended December 31, 2025 |
|  Janus Henderson VIT Forty | For each of the two years in the period ended December 31, 2025 |
|  Janus Henderson VIT Overseas | For each of the two years in the period ended December 31, 2025 |
|  Janus Henderson VIT Research | For each of the two years in the period ended December 31, 2025 |
|  Lord Abbett Series Bond-Debenture VC | For each of the two years in the period ended December 31, 2025 |
|  Lord Abbett Series Developing Growth VC | For each of the two years in the period ended December 31, 2025 |
|  Lord Abbett Series Growth and Income VC | For each of the two years in the period ended December 31, 2025 |
|  Lord Abbett Series Growth Opportunities VC | For each of the two years in the period ended December 31, 2025 |
|  LVIP American Century Disciplined Core Value | For each of the two years in the period ended December 31, 2025 |
|  LVIP American Century Inflation Protection | For each of the two years in the period ended December 31, 2025 |
|  LVIP American Century International | For each of the two years in the period ended December 31, 2025 |
|  LVIP American Century Mid Cap Value | For each of the two years in the period ended December 31, 2025 |
|  LVIP American Century Value | For each of the two years in the period ended December 31, 2025 |
|  LVIP JPMorgan Core Bond Fund | For each of the two years in the period ended December 31, 2025 |
|  LVIP JPMorgan Small Cap Core Fund | For each of the two years in the period ended December 31, 2025 |
|  LVIP JPMorgan US Equity Fund | For each of the two years in the period ended December 31, 2025 |
|  MFS<sup>®</sup> VIT Global Tactical Allocation | For each of the two years in the period ended December 31, 2025 |
|  MFS<sup>®</sup> VIT II Research International | For each of the two years in the period ended December 31, 2025 |
|  MFS<sup>®</sup> VIT International Intrinsic Value | For each of the two years in the period ended December 31, 2025 |
|  MFS<sup>®</sup> VIT New Discovery | For each of the two years in the period ended December 31, 2025 |
|  MFS<sup>®</sup> VIT Research | For each of the two years in the period ended December 31, 2025 |
|  MFS<sup>®</sup> VIT Total Return | For each of the two years in the period ended December 31, 2025 |
|  MFS<sup>®</sup> VIT Total Return Bond | For each of the two years in the period ended December 31, 2025 |
|  MFS<sup>®</sup> VIT Utilities | For each of the two years in the period ended December 31, 2025 |

---

------

---

| | |
|:---|:---|
| **Subaccounts** | **Statements of operations and changes in net assets** |
| Morningstar Aggressive Growth ETF Asset Allocation Portfolio | For each of the two years in the period ended December 31, 2025 |
| Morningstar Balanced ETF Asset Allocation Portfolio | For each of the two years in the period ended December 31, 2025 |
| Morningstar Conservative ETF Asset Allocation Portfolio | For each of the two years in the period ended December 31, 2025 |
| Morningstar Growth ETF Asset Allocation Portfolio | For each of the two years in the period ended December 31, 2025 |
| Morningstar Income and Growth ETF Asset Allocation Portfolio | For each of the two years in the period ended December 31, 2025 |
| NAA All Cap Value Series | For each of the two years in the period ended December 31, 2025 |
| NAA Large Cap Value Series | For each of the two years in the period ended December 31, 2025 |
| NAA Large Growth Series | For each of the two years in the period ended December 31, 2025 |
| NAA Mid Growth Series | For each of the two years in the period ended December 31, 2025 |
| NAA Small Cap Value Series | For each of the two years in the period ended December 31, 2025 |
| NAA Smid-Cap Value Series | For each of the two years in the period ended December 31, 2025 |
| NAA World Equity Income Series | For each of the two years in the period ended December 31, 2025 |
| Neuberger Berman AMT Quality Equity Portfolio | For each of the two years in the period ended December 31, 2025 |
| Nomura VIP Asset Strategy Series | For each of the two years in the period ended December 31, 2025 |
| Nomura VIP Balanced Series | For each of the two years in the period ended December 31, 2025 |
| Nomura VIP Energy Series | For each of the two years in the period ended December 31, 2025 |
| Nomura VIP Global Growth Series | For each of the two years in the period ended December 31, 2025 |
| Nomura VIP Growth Series | For each of the two years in the period ended December 31, 2025 |
| Nomura VIP High Income Series | For each of the two years in the period ended December 31, 2025 |
| Nomura VIP International Core Equity Series | For each of the two years in the period ended December 31, 2025 |
| Nomura VIP Limited-Term Bond Series | For each of the two years in the period ended December 31, 2025 |
| Nomura VIP Mid Cap Growth Series | For each of the two years in the period ended December 31, 2025 |
| Nomura VIP Natural Resources Series | For each of the two years in the period ended December 31, 2025 |
| Nomura VIP Science and Technology Series | For each of the two years in the period ended December 31, 2025 |
| Nomura VIP Small Cap Growth Series | For each of the two years in the period ended December 31, 2025 |
| Nomura VIP Smid Cap Core Series | For each of the two years in the period ended December 31, 2025 |
| PIMCO VIT All Asset | For each of the two years in the period ended December 31, 2025 |
| PIMCO VIT CommodityRealReturn Strategy | For each of the two years in the period ended December 31, 2025 |
| PIMCO VIT Emerging Markets Bond | For each of the two years in the period ended December 31, 2025 |

---

------

---

| | |
|:---|:---|
| **Subaccounts** | **Statements of operations and changes in net assets** |
| PIMCO VIT Global Bond Opportunities Portfolio (Unhedged) | For each of the two years in the period ended December 31, 2025 |
| PIMCO VIT High Yield | For each of the two years in the period ended December 31, 2025 |
| PIMCO VIT International Bond Portfolio (Unhedged) | For each of the two years in the period ended December 31, 2025 |
| PIMCO VIT Low Duration Administrative | For each of the two years in the period ended December 31, 2025 |
| PIMCO VIT Low Duration Advisor | For each of the two years in the period ended December 31, 2025 |
| PIMCO VIT Real Return Administrative | For each of the two years in the period ended December 31, 2025 |
| PIMCO VIT Real Return Advisor | For each of the two years in the period ended December 31, 2025 |
| PIMCO VIT Short-Term | For each of the two years in the period ended December 31, 2025 |
| PIMCO VIT Total Return Administrative | For each of the two years in the period ended December 31, 2025 |
| PIMCO VIT Total Return Advisor | For each of the two years in the period ended December 31, 2025 |
| Putnam VT Core Equity Fund | For each of the two years in the period ended December 31, 2025 |
| Putnam VT Large Cap Growth Fund | For each of the two years in the period ended December 31, 2025 |
| Putnam VT Large Cap Value | For each of the two years in the period ended December 31, 2025 |
| Putnam VT Small Cap Growth | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Banking | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Basic Materials | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Biotechnology | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Commodities Strategy | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Consumer Products | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Dow 2x Strategy | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Electronics | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Energy | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Energy Services | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Europe 1.25x Strategy | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Financial Services | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Government Long Bond 1.2x Strategy | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Health Care | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Internet | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Inverse Government Long Bond Strategy | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Inverse Mid-Cap Strategy | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy | For each of the two years in the period ended December 31, 2025 |
| Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy | For each of the two years in the period ended December 31, 2025 |

---

------

---

| | |
|:---|:---|
| **Subaccounts** | **Statements of operations and changes in net assets** |
|  Rydex VIF Inverse S&P 500 Strategy | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Japan 2x Strategy | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Leisure | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Mid-Cap 1.5x Strategy | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Money Market | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF NASDAQ-100<sup>®</sup> | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Nova | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Precious Metals | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Real Estate | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Retailing | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Russell 2000<sup>®</sup> 2x Strategy | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF S&P 500 2x Strategy | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF S&P 500 Pure Growth | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF S&P 500 Pure Value | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF S&P MidCap 400 Pure Growth | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF S&P MidCap 400 Pure Value | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF S&P SmallCap 600 Pure Growth | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF S&P SmallCap 600 Pure Value | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Strengthening Dollar 2x Strategy | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Technology | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Transportation | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Utilities | For each of the two years in the period ended December 31, 2025 |
|  Rydex VIF Weakening Dollar 2x Strategy | For each of the two years in the period ended December 31, 2025 |
| T. Rowe Price Blue Chip Growth | For each of the two years in the period ended December 31, 2025 |
| T. Rowe Price Equity Income | For each of the two years in the period ended December 31, 2025 |
| T. Rowe Price Health Sciences | For each of the two years in the period ended December 31, 2025 |
| T. Rowe Price Limited-Term Bond | For each of the two years in the period ended December 31, 2025 |
|  Templeton Developing Markets VIP Fund | For each of the two years in the period ended December 31, 2025 |

---

------

---

| | |
|:---|:---|
| **Subaccounts** | **Statements of operations and changes in net assets** |
|  Templeton Foreign VIP Fund | For each of the two years in the period ended December 31, 2025 |
|  Templeton Global Bond VIP Fund | For each of the two years in the period ended December 31, 2025 |
|  VanEck VIP Global Gold | For each of the two years in the period ended December 31, 2025 |
|  VanEck VIP Global Resources | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Balanced | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Capital Growth | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Conservative Allocation | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Diversified Value | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Equity Income | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Equity Index | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Global Bond Index | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Growth | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF High Yield Bond | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF International | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Mid-Cap Index | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Moderate Allocation | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Real Estate Index | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Short Term Investment Grade | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Small Company Growth | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Total Bond Market Index | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Total International Stock Market Index | For each of the two years in the period ended December 31, 2025 |
|  Vanguard<sup>®</sup> VIF Total Stock Market Index | For each of the two years in the period ended December 31, 2025 |
|  Victory Pioneer Bond VCT Portfolio | For each of the two years in the period ended December 31, 2025 |
|  Victory Pioneer Equity Income VCT Portfolio | For each of the two years in the period ended December 31, 2025 |
|  Victory Pioneer Strategic Income VCT Portfolio | For each of the two years in the period ended December 31, 2025 |
|  Virtus Duff & Phelps Real Estate Securities Series | For each of the two years in the period ended December 31, 2025 |
|  Virtus KAR Small-Cap Growth Series | For each of the two years in the period ended December 31, 2025 |
|  Virtus Newfleet Multi-Sector Intermediate Bond Series | For each of the two years in the period ended December 31, 2025 |
|  Virtus SGA International Growth Series | For each of the two years in the period ended December 31, 2025 |

---

------

---

| | |
|:---|:---|
| **Subaccounts** | **Statements of operations and changes in net assets** |
|  Voya MidCap Opportunities Portfolio | For each of the two years in the period ended December 31, 2025 |
|  VY CBRE Global Real Estate Portfolio | For each of the two years in the period ended December 31, 2025 |
|  VY CBRE Real Estate Portfolio | For each of the two years in the period ended December 31, 2025 |

---

------

Variable Annuity Account A

Statements of Net Assets

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Subaccount | Number of<br>Shares | Cost | Assets at<br>Market Value | Investment<br>Income<br>Receivable | Net Assets | Units<br>Outstanding | Range of Unit<br>Values | Range of Unit<br>Values |
|  AB VPS Discovery Value Portfolio |  | $— | $— | $— | $— |  | $14.61 | $18.67 |
|  AB VPS Relative Value Portfolio | 1371 | 40468 | 42291 |  | 42291 | 2237 | 18.91 | 18.91 |
|  AFIS Capital World Growth and Income | 8031 | 116402 | 143354 |  | 143354 | 7710 | 16.80 | 18.94 |
|  AFIS U.S. Government Securities | 88403 | 1020026 | 861047 |  | 861047 | 118187 | 7.14 | 8.05 |
|  AFIS Washington Mutual Investors | 72356 | 1005968 | 1269847 |  | 1269847 | 61214 | 20.12 | 22.70 |
|  Alger Capital Appreciation (b) | 4552 | 380011 | 505456 |  | 505456 | 11628 | 41.71 | 55.51 |
|  Alger Large Cap Growth | 624 | 55666 | 64371 |  | 64371 | 3459 | 18.15 | 18.82 |
|  Allspring Opportunity VT | 5214 | 125796 | 133996 |  | 133996 | 4962 | 26.97 | 26.97 |
|  Allspring VT Discovery All Cap Growth Fund | 5888 | 149507 | 122816 |  | 122816 | 4803 | 25.57 | 25.57 |
|  ALPS/Alerian Energy Infrastructure | 3521 | 44090 | 44256 |  | 44256 | 3696 | 11.93 | 13.64 |
|  American Funds IS<sup>®</sup> Asset Allocation | 25633 | 619578 | 686205 |  | 686205 | 42518 | 15.65 | 17.65 |
|  American Funds IS<sup>®</sup> Capital World Bond | 10076 | 116608 | 100052 |  | 100052 | 14628 | 6.14 | 6.92 |
|  American Funds IS<sup>®</sup> Global Growth | 10468 | 332493 | 393060 |  | 393060 | 18582 | 20.43 | 23.05 |
|  American Funds IS<sup>®</sup> Global Small Capitalization | 1208 | 27882 | 22921 |  | 22921 | 1822 | 11.91 | 13.44 |
|  American Funds IS<sup>®</sup> Growth | 13825 | 1699646 | 1857877 |  | 1857877 | 48302 | 35.32 | 39.84 |
|  American Funds IS<sup>®</sup> Growth-Income | 7362 | 387317 | 476829 |  | 476829 | 19515 | 23.64 | 26.66 |
|  American Funds IS<sup>®</sup> International | 2540 | 50109 | 55458 |  | 55458 | 4964 | 10.56 | 11.91 |
|  American Funds IS<sup>®</sup> International Growth and Income | 28799 | 308395 | 370641 |  | 370641 | 30397 | 10.93 | 12.33 |
|  American Funds IS<sup>®</sup> Mortgage |  |  |  |  |  |  | 7.16 | 7.16 |
|  American Funds IS<sup>®</sup> New World | 5639 | 141748 | 178821 |  | 178821 | 13791 | 12.66 | 14.28 |
|  BlackRock Advantage Large Cap Core V.I. | 1548 | 39493 | 41138 |  | 41138 | 1499 | 27.45 | 27.45 |
|  BlackRock Basic Value V.I. | 1759 | 23988 | 24060 |  | 24060 | 1349 | 17.85 | 17.85 |
|  BlackRock Equity Dividend V.I. | 26975 | 293355 | 309134 |  | 309134 | 15498 | 19.29 | 25.41 |
|  BlackRock Global Allocation V.I. | 8978 | 125401 | 119765 |  | 119765 | 9541 | 12.57 | 12.57 |
|  BlackRock High Yield V.I. | 71513 | 509234 | 503455 | 2685 | 506140 | 44042 | 10.83 | 12.36 |
|  BlackRock Large Cap Focus Growth V.I. | 3008 | 55928 | 62839 |  | 62839 | 1818 | 34.55 | 34.55 |
|  BNY Mellon IP Small Cap Stock Index | 5619 | 100978 | 101195 |  | 101195 | 5335 | 16.22 | 20.99 |
|  BNY Mellon IP Technology Growth | 16893 | 290935 | 295463 |  | 295463 | 7892 | 37.25 | 43.89 |
|  BNY Mellon VIF Appreciation | 362 | 12508 | 11837 |  | 11837 | 547 | 21.66 | 21.66 |
|  Dimensional VA Global Moderate Allocation |  |  |  |  |  |  | 12.99 | 12.99 |
|  Dimensional VA International Small Portfolio | 20401 | 243217 | 301532 |  | 301532 | 17605 | 14.66 | 17.51 |
|  Dimensional VA International Value Portfolio | 80886 | 1114783 | 1498823 |  | 1498823 | 88277 | 14.64 | 17.03 |
|  Dimensional VA Short-Term Fixed Portfolio | 18108 | 184683 | 182351 |  | 182351 | 23597 | 7.73 | 7.73 |
|  Dimensional VA U.S. Large Value Portfolio | 10030 | 268094 | 350158 |  | 350158 | 16949 | 17.84 | 23.46 |
|  Dimensional VA U.S. Targeted Value Portfolio | 31045 | 682998 | 691690 |  | 691690 | 29387 | 17.58 | 23.64 |
|  Donoghue Forlines Dividend VIT Fund | 737 | 11245 | 13549 |  | 13549 | 1291 | 10.49 | 10.49 |
|  DWS Small Mid Cap Value VIP |  |  |  |  |  |  | 16.42 | 16.42 |
|  Eaton Vance VT Floating-Rate Income | 28828 | 254108 | 241290 |  | 241290 | 23466 | 9.15 | 10.32 |
|  Federated Hermes Fund for U.S. Government Securities II | 17028 | 177184 | 158529 |  | 158529 | 23750 | 6.50 | 8.01 |
|  Federated Hermes High Income Bond II | 47801 | 282938 | 274855 |  | 274855 | 21446 | 10.04 | 14.88 |
|  Fidelity<sup>®</sup> VIP Balanced | 37150 | 739386 | 945472 |  | 945472 | 47829 | 19.34 | 23.50 |
|  Fidelity<sup>®</sup> VIP Contrafund | 35991 | 1599806 | 2046443 |  | 2046443 | 60161 | 30.58 | 44.51 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Net Assets (continued)

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Subaccount | Number of<br>Shares | Cost | Assets at<br>Market Value | Investment<br>Income<br>Receivable | Net Assets | Units<br>Outstanding | Range of Unit<br>Values | Range of Unit<br>Values |
|  Fidelity<sup>®</sup> VIP Disciplined Small Cap | 4435 | $80435 | $89544 | $– $| 89544 | 4531 | $17.93 | $24.70 |
|  Fidelity<sup>®</sup> VIP Emerging Markets | 56946 | 770842 | 902600 | – | 902600 | 57491 | 15.35 | 16.49 |
|  Fidelity<sup>®</sup> VIP Growth & Income | 22345 | 506769 | 714814 | – | 714814 | 23414 | 24.35 | 35.98 |
|  Fidelity<sup>®</sup> VIP Growth Opportunities | 9153 | 493460 | 882354 | – | 882354 | 18125 | 45.97 | 59.70 |
|  Fidelity<sup>®</sup> VIP High Income | 8505 | 41176 | 39206 | – | 39206 | 3900 | 9.80 | 11.07 |
|  Fidelity<sup>®</sup> VIP Index 500 | 2978 | 1197337 | 1936039 | – | 1936039 | 63189 | 28.17 | 34.04 |
|  Fidelity<sup>®</sup> VIP Investment Grade Bond | 42807 | 534388 | 469590 | – | 469590 | 55148 | 7.74 | 9.67 |
|  Fidelity<sup>®</sup> VIP Mid Cap | 2272 | 79540 | 79898 | – | 79898 | 3681 | 18.46 | 22.35 |
|  Fidelity<sup>®</sup> VIP Overseas | 5327 | 120936 | 144460 | – | 144460 | 10259 | 13.41 | 15.01 |
|  Fidelity<sup>®</sup> VIP Real Estate | 3588 | 66978 | 62511 | – | 62511 | 5153 | 10.25 | 13.97 |
|  Fidelity<sup>®</sup> VIP Strategic Income | 18636 | 207095 | 206297 | – | 206297 | 22336 | 9.17 | 10.63 |
|  Franklin DynaTech VIP | 6659 | 37927 | 43814 | – | 43814 | 1338 | 28.05 | 33.85 |
|  Franklin Growth and Income VIP Fund | 58892 | 527284 | 432859 | – | 432859 | 19211 | 19.83 | 26.83 |
|  Franklin Income VIP Fund | 19517 | 290448 | 295880 | – | 295880 | 24373 | 12.07 | 14.87 |
|  Franklin Large Cap Growth VIP Fund | 21517 | 437953 | 385807 | – | 385807 | 15284 | 25.24 | 33.06 |
|  Franklin Mutual Global Discovery VIP Fund | 8843 | 169165 | 168542 | – | 168542 | 9494 | 14.57 | 18.86 |
|  Franklin Mutual Shares VIP Fund | 4740 | 87910 | 76316 | – | 76316 | 4353 | 17.53 | 17.53 |
|  Franklin Rising Dividends VIP Fund | 29221 | 791763 | 819351 | – | 819351 | 30449 | 20.85 | 29.32 |
|  Franklin Small Cap Value VIP Fund | 10036 | 138206 | 139200 | – | 139200 | 8014 | 15.71 | 20.88 |
|  Franklin Small-Mid Cap Growth VIP Fund | 22857 | 361864 | 327082 | – | 327082 | 16307 | 17.75 | 41.88 |
|  Franklin Strategic Income VIP Fund |  |  |  | – |  |  | 7.88 | 7.88 |
|  Franklin U.S. Government Securities VIP Fund | 11444 | 131619 | 120157 | – | 120157 | 17408 | 6.75 | 7.41 |
|  Goldman Sachs VIT International Equity Insights | 1036 | 8651 | 10837 | – | 10837 | 724 | 12.93 | 14.89 |
|  Goldman Sachs VIT Mid Cap Growth Fund | 84155 | 1032101 | 823882 | – | 823882 | 31245 | 20.45 | 27.23 |
|  Goldman Sachs VIT Mid Cap Value | 13913 | 230935 | 230128 | – | 230128 | 13010 | 16.46 | 21.74 |
|  Guggenheim VIF Floating Rate Strategies | 6693 | 170215 | 157349 | – | 157349 | 16939 | 9.17 | 10.34 |
|  Guggenheim VIF Global Managed Futures Strategy | 3504 | 58191 | 58931 | – | 58931 | 10684 | 5.19 | 7.38 |
|  Guggenheim VIF High Yield | 1133 | 31482 | 28023 | – | 28023 | 2763 | 10.14 | 10.14 |
|  Guggenheim VIF Multi-Hedge Strategies | 626 | 15145 | 14689 | – | 14689 | 2104 | 5.18 | 7.23 |
|  Guggenheim VIF Total Return Bond | 94218 | 1352438 | 1385953 | – | 1385953 | 143215 | 8.82 | 9.79 |
|  Invesco V.I. American Franchise Series I | 1511 | 101154 | 122380 | – | 122380 | 5194 | 23.45 | 23.45 |
|  Invesco V.I. American Value | 1096 | 18170 | 19464 | – | 19464 | 990 | 19.66 | 19.66 |
|  Invesco V.I. Balanced-Risk Allocation | 2134 | 21348 | 17924 | – | 17924 | 1669 | 10.74 | 10.74 |
|  Invesco V.I. Comstock | 214 | 4585 | 4552 | – | 4552 | 232 | 19.62 | 19.62 |
|  Invesco V.I. Core Equity | 2716 | 87428 | 97137 | – | 97137 | 3828 | 25.38 | 25.38 |
|  Invesco V.I. Discovery Mid Cap Growth | 81 | 5489 | 5106 | – | 5106 | 275 | 18.57 | 18.57 |
|  Invesco V.I. Equally-Weighted S&P 500 | 12211 | 333633 | 334575 | – | 334575 | 27710 | 11.71 | 12.15 |
|  Invesco V.I. Equity and Income | 1476 | 26328 | 26750 | – | 26750 | 1791 | 14.95 | 14.95 |
|  Invesco V.I. EVQ International Equity Fund | 6116 | 200652 | 216439 | – | 216439 | 19684 | 10.82 | 12.08 |
|  Invesco V.I. Global | 3265 | 124986 | 118535 | – | 118535 | 5735 | 18.96 | 23.48 |
|  Invesco V.I. Global Real Estate | 1265 | 20010 | 17459 | – | 17459 | 1728 | 10.07 | 10.07 |
|  Invesco V.I. Global Strategic Income | 23696 | 117690 | 111844 | – | 111844 | 14440 | 7.69 | 8.79 |
|  Invesco V.I. Government Securities | 47 | 495 | 498 | – | 498 | 78 | 6.40 | 6.40 |

---

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

------

Variable Annuity Account A

Statements of Net Assets (continued)

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Subaccount | Number of<br>Shares | Cost | Assets at<br>Market Value | Investment<br>Income<br>Receivable | Net Assets | Units<br>Outstanding | Range of Unit<br>Values | Range of Unit<br>Values |
|  Invesco V.I. Health Care | 2545 | $66429 | $69187 | $– $| 69187 | 4692 | $14.71 | $22.13 |
|  Invesco V.I. International Growth Fund (a) | 58192 | 130701 | 120457 | – | 120457 | 9787 | 10.44 | 13.19 |
|  Invesco V.I. Main Street Mid Cap Fund<sup>®</sup> | 10329 | 107930 | 108454 | – | 108454 | 6714 | 14.99 | 18.89 |
|  Invesco V.I. Main Street Small Cap Fund<sup>®</sup> | 10421 | 262079 | 288778 | – | 288778 | 14670 | 18.18 | 21.12 |
|  Invesco V.I. Small Cap Equity | 2508 | 42939 | 44719 | – | 44719 | 2941 | 15.21 | 15.21 |
|  Janus Henderson VIT Enterprise | 4092 | 274237 | 300160 | – | 300160 | 11431 | 24.30 | 32.64 |
|  Janus Henderson VIT Forty | 5531 | 273835 | 286905 | – | 286905 | 8060 | 35.59 | 35.59 |
|  Janus Henderson VIT Overseas | 8808 | 333598 | 467014 | – | 467014 | 45359 | 10.03 | 12.27 |
|  Janus Henderson VIT Research | 1893 | 73316 | 115933 | – | 115933 | 2905 | 32.79 | 42.97 |
|  Lord Abbett Series Bond-Debenture VC | 33445 | 393036 | 354855 | – | 354855 | 35398 | 9.82 | 12.10 |
|  Lord Abbett Series Developing Growth VC | 3192 | 104835 | 106694 | – | 106694 | 5273 | 18.36 | 25.41 |
|  Lord Abbett Series Growth and Income VC | 3112 | 115684 | 130576 | – | 130576 | 6801 | 19.20 | 19.20 |
|  Lord Abbett Series Growth Opportunities VC | 1991 | 23094 | 22118 | – | 22118 | 1032 | 19.27 | 23.12 |
|  LVIP American Century Disciplined Core Value | 9010 | 77938 | 87168 | – | 87168 | 3452 | 25.23 | 25.23 |
|  LVIP American Century Inflation Protection | 5248 | 54625 | 47423 | – | 47423 | 6076 | 7.81 | 7.81 |
|  LVIP American Century International | 2820 | 32028 | 34486 | – | 34486 | 3064 | 11.25 | 11.25 |
|  LVIP American Century Mid Cap Value (b) | 27971 | 582429 | 542491 | – | 542491 | 23486 | 16.78 | 23.30 |
|  LVIP American Century Value | 5740 | 63188 | 74254 | – | 74254 | 3554 | 17.62 | 24.75 |
|  LVIP JPMorgan Core Bond Fund | 1846 | 19727 | 18102 | – | 18102 | 2461 | 7.34 | 7.34 |
|  LVIP JPMorgan Small Cap Core Fund | 2659 | 57308 | 57470 | – | 57470 | 3704 | 15.51 | 15.51 |
|  LVIP JPMorgan US Equity Fund | 461 | 19767 | 22285 | – | 22285 | 769 | 28.97 | 28.97 |
|  MFS<sup>®</sup> VIT Global Tactical Allocation |  |  |  | – |  |  | 10.06 | 11.35 |
|  MFS<sup>®</sup> VIT II Research International | 3271 | 54218 | 66301 | – | 66301 | 5705 | 11.60 | 11.60 |
|  MFS<sup>®</sup> VIT International Intrinsic Value | 5052 | 132598 | 182626 | – | 182626 | 11016 | 15.86 | 17.89 |
|  MFS<sup>®</sup> VIT New Discovery | 5172 | 61157 | 62575 | – | 62575 | 3306 | 16.18 | 20.46 |
|  MFS<sup>®</sup> VIT Research | 1900 | 54250 | 56690 | – | 56690 | 2445 | 23.18 | 23.18 |
|  MFS<sup>®</sup> VIT Total Return | 1515 | 34302 | 34306 | – | 34306 | 2542 | 13.49 | 13.49 |
|  MFS<sup>®</sup> VIT Total Return Bond |  |  |  | – |  |  | 8.97 | 8.97 |
|  MFS<sup>®</sup> VIT Utilities | 880 | 27142 | 32419 | – | 32419 | 2284 | 14.20 | 14.20 |
|  Morningstar Aggressive Growth ETF Asset Allocation Portfolio |  |  |  | – |  |  | 16.92 | 16.92 |
|  Morningstar Balanced ETF Asset Allocation Portfolio | 70745 | 772476 | 795886 | – | 795886 | 63010 | 12.52 | 14.46 |
|  Morningstar Conservative ETF Asset Allocation Portfolio | 69580 | 745762 | 752161 | – | 752161 | 89421 | 8.42 | 8.42 |
|  Morningstar Growth ETF Asset Allocation Portfolio | 15558 | 175451 | 207700 | – | 207700 | 13866 | 15.00 | 15.00 |
|  Morningstar Income and Growth ETF Asset Allocation Portfolio | 4500 | 44374 | 46850 | – | 46850 | 4206 | 10.35 | 11.96 |
|  NAA All Cap Value Series | 4782 | 151237 | 142509 | – | 142509 | 7053 | 17.46 | 32.91 |
|  NAA Large Cap Value Series | 5606 | 224119 | 214027 | – | 214027 | 6657 | 32.15 | 32.15 |
|  NAA Large Growth Series | 3849 | 80807 | 86841 | – | 86841 | 2141 | 38.55 | 45.19 |
|  NAA Mid Growth Series | 551 | 26756 | 27355 | – | 27355 | 654 | 41.82 | 41.82 |
|  NAA Small Cap Value Series | 870 | 36376 | 31885 | – | 31885 | 1147 | 20.50 | 35.78 |
|  NAA Smid-Cap Value Series | 806 | 56600 | 49492 | – | 49492 | 1461 | 32.86 | 37.16 |

---

(a) Name change. See Note 1.

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Net Assets (continued)

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Subaccount | Number of<br>Shares | Cost | Assets at<br>Market Value | Investment<br>Income<br>Receivable | Net Assets | Units<br>Outstanding | Range of Unit<br>Values | Range of Unit<br>Values |
|  NAA World Equity Income Series | 3517 | $44895 | $52926 | $– $| 52926 | 2708 | $19.53 | $19.53 |
|  Neuberger Berman AMT Quality Equity Portfolio (a) | 9842 | 283781 | 420831 | – | 420831 | 19994 | 17.77 | 30.52 |
|  Nomura VIP Asset Strategy Series (a) | 64356 | 553090 | 643564 | – | 643564 | 52223 | 12.32 | 12.32 |
|  Nomura VIP Balanced Series (a) | 5451 | 37181 | 35594 | – | 35594 | 2346 | 15.17 | 15.17 |
|  Nomura VIP Energy Series (a) | 1051 | 5555 | 5443 | – | 5443 | 1043 | 5.22 | 5.23 |
|  Nomura VIP Global Growth Series (a) | 13049 | 55481 | 50108 | – | 50108 | 2278 | 18.83 | 21.97 |
|  Nomura VIP Growth Series (a) | 2853 | 26230 | 27220 | – | 27220 | 601 | 45.26 | 46.11 |
|  Nomura VIP High Income Series (a) | 7294 | 24745 | 21370 | – | 21370 | 1625 | 13.12 | 13.12 |
|  Nomura VIP International Core Equity Series (a) | 2436 | 41402 | 47348 | – | 47348 | 3747 | 12.63 | 12.63 |
|  Nomura VIP Limited+Term Bond Series (a) |  |  |  | – |  |  | 7.29 | 8.09 |
|  Nomura VIP Mid Cap Growth Series (a) | 11842 | 115689 | 91418 | – | 91418 | 4489 | 18.08 | 22.86 |
|  Nomura VIP Natural Resources Series (a) | 846 | 3453 | 5187 | – | 5187 | 704 | 7.35 | 7.35 |
|  Nomura VIP Science And Technology Series (a) | 4804 | 130606 | 156907 | – | 156907 | 3406 | 34.63 | 51.29 |
|  Nomura VIP Small Cap Growth Series (a) | 11519 | 88052 | 85818 | – | 85818 | 5223 | 16.10 | 17.71 |
|  Nomura VIP Smid Cap Core Series (a) | 267 | 3747 | 3610 | – | 3610 | 220 | 16.43 | 16.43 |
|  PIMCO VIT All Asset | 2609 | 26010 | 25460 | – | 25460 | 2475 | 10.29 | 11.95 |
|  PIMCO VIT CommodityRealReturn Strategy | 23774 | 152426 | 152632 | – | 152632 | 28766 | 5.27 | 6.33 |
|  PIMCO VIT Emerging Markets Bond | 25599 | 298231 | 292343 | – | 292343 | 26444 | 9.36 | 11.19 |
|  PIMCO VIT Global Bond Opportunities Portfolio (Unhedged) | 598 | 7027 | 5956 | – | 5956 | 593 | 10.05 | 10.05 |
|  PIMCO VIT High Yield |  |  |  | – |  |  | 10.34 | 19.17 |
|  PIMCO VIT International Bond Portfolio (Unhedged) | 8095 | 70576 | 60873 | – | 60873 | 9573 | 5.97 | 6.49 |
|  PIMCO VIT Low Duration Administrative | 14397 | 138020 | 140806 | – | 140806 | 19792 | 7.11 | 7.11 |
|  PIMCO VIT Low Duration Advisor | 28948 | 293460 | 283116 | – | 283116 | 39637 | 6.98 | 7.65 |
|  PIMCO VIT Real Return Administrative | 20077 | 256608 | 241122 | – | 241122 | 27478 | 8.77 | 8.77 |
|  PIMCO VIT Real Return Advisor | 13732 | 163957 | 164920 | – | 164920 | 19427 | 7.71 | 8.88 |
|  PIMCO VIT Short-Term | 64996 | 667487 | 671407 | – | 671407 | 80960 | 7.67 | 8.58 |
|  PIMCO VIT Total Return Administrative | 32041 | 330941 | 302786 | – | 302786 | 34793 | 8.70 | 8.70 |
|  PIMCO VIT Total Return Advisor | 50349 | 525176 | 475797 | – | 475797 | 59944 | 7.60 | 8.72 |
|  Putnam VT Core Equity Fund |  |  |  | – |  |  | 29.83 | 29.83 |
|  Putnam VT Large Cap Growth Fund | 28946 | 295213 | 508876 | – | 508876 | 12849 | 39.33 | 48.73 |
|  Putnam VT Large Cap Value | 13943 | 376451 | 497634 | – | 497634 | 19173 | 24.07 | 30.34 |
|  Putnam VT Small Cap Growth | 16757 | 354307 | 361104 | – | 361104 | 15691 | 18.88 | 23.62 |
|  Rydex VIF Banking | 633 | 51424 | 90601 | – | 90601 | 6913 | 7.69 | 14.74 |
|  Rydex VIF Basic Materials | 1168 | 102770 | 137880 | – | 137880 | 7558 | 15.59 | 19.36 |
|  Rydex VIF Biotechnology | 2728 | 240073 | 252838 | – | 252838 | 13318 | 15.58 | 34.06 |
|  Rydex VIF Commodities Strategy | 566 | 47991 | 50633 | – | 50633 | 19832 | 1.75 | 3.93 |
|  Rydex VIF Consumer Products | 727 | 46751 | 44667 | – | 44667 | 3665 | 10.56 | 17.91 |
|  Rydex VIF Dow 2x Strategy (b) | 392 | 56309 | 106369 | – | 106369 | 2676 | 39.69 | 46.82 |
|  Rydex VIF Electronics | 1334 | 155858 | 285876 | – | 285876 | 12287 | 23.23 | 23.23 |
|  Rydex VIF Energy | 529 | 119459 | 133737 | – | 133737 | 18409 | 5.64 | 8.03 |

---

(a) Name change. See Note 1.

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Net Assets (continued)

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Subaccount | Number of<br>Shares | Cost | Assets at<br>Market Value | Investment<br>Income<br>Receivable | Net Assets | Units<br>Outstanding | Range of Unit<br>Values | Range of Unit<br>Values |
|  Rydex VIF Energy Services | 53 | $24387 | $16164 | $– $| 16164 | 8674 | $1.86 | $1.86 |
|  Rydex VIF Europe 1.25x Strategy (b) |  | 23 | 35 | – | 35 | 4 | 7.96 | 7.96 |
|  Rydex VIF Financial Services | 254 | 24338 | 31569 | – | 31569 | 2874 | 11.00 | 11.00 |
|  Rydex VIF Government Long Bond 1.2x Strategy (b) | 36 | 8728 | 6354 | – | 6354 | 1062 | 5.96 | 5.96 |
|  Rydex VIF Health Care | 1954 | 133091 | 156001 | – | 156001 | 8449 | 17.33 | 25.16 |
|  Rydex VIF Internet | 1597 | 154726 | 177388 | – | 177388 | 9256 | 16.81 | 33.34 |
|  Rydex VIF Inverse Government Long Bond Strategy |  |  |  | – |  |  | 1.52 | 1.52 |
|  Rydex VIF Inverse Mid-Cap Strategy |  |  |  | – |  |  | 0.29 | 0.53 |
|  Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy |  |  |  | – |  |  | 0.10 | 0.10 |
|  Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy (b) | 3 | 777 | 317 | – | 317 | 1198 | 0.27 | 0.27 |
|  Rydex VIF Inverse S&P 500 Strategy (b) | 28 | 4695 | 2529 | – | 2529 | 5023 | 0.51 | 0.51 |
|  Rydex VIF Japan 2x Strategy (b) | 693 | 56934 | 76313 | – | 76313 | 5271 | 13.13 | 14.50 |
|  Rydex VIF Leisure | 445 | 45857 | 60745 | – | 60745 | 4235 | 14.25 | 14.37 |
|  Rydex VIF Mid-Cap 1.5x Strategy (b) | 298 | 74192 | 73409 | – | 73409 | 3472 | 20.16 | 34.56 |
|  Rydex VIF Money Market | 4891224 | 4891223 | 4891224 | – | 4891224 | 925455 | 4.44 | 6.54 |
|  Rydex VIF NASDAQ-100<sup>®</sup> | 2986 | 202416 | 288843 | – | 288843 | 5499 | 43.26 | 63.74 |
|  Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy (b) | 84 | 11891 | 18772 | – | 18772 | 141 | 120.70 | 164.91 |
|  Rydex VIF Nova (b) | 177 | 21592 | 45451 | – | 45451 | 1172 | 34.00 | 40.29 |
|  Rydex VIF Precious Metals | 3219 | 108784 | 312512 | – | 312512 | 14256 | 21.50 | 22.94 |
|  Rydex VIF Real Estate | 1573 | 58955 | 60019 | – | 60019 | 4811 | 9.59 | 13.75 |
|  Rydex VIF Retailing | 247 | 33330 | 34891 | – | 34891 | 1865 | 16.24 | 23.03 |
|  Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy (b) | 3 | 223 | 219 | – | 219 | 11 | 20.54 | 20.54 |
|  Rydex VIF Russell 2000<sup>®</sup> 2x Strategy (b) | 2 | 300 | 289 | – | 289 | 25 | 11.40 | 11.40 |
|  Rydex VIF S&P 500 2x Strategy (b) | 591 | 146330 | 357584 | – | 357584 | 6050 | 47.23 | 59.29 |
|  Rydex VIF S&P 500 Pure Growth | 3243 | 170946 | 180938 | – | 180938 | 7869 | 20.09 | 24.61 |
|  Rydex VIF S&P 500 Pure Value | 9281 | 428899 | 611040 | – | 611040 | 34583 | 15.46 | 19.00 |
|  Rydex VIF S&P MidCap 400 Pure Growth | 1873 | 69818 | 72528 | – | 72528 | 3707 | 12.80 | 21.97 |
|  Rydex VIF S&P MidCap 400 Pure Value | 3781 | 167885 | 182225 | – | 182225 | 9480 | 16.51 | 21.84 |
|  Rydex VIF S&P SmallCap 600 Pure Growth | 275 | 14101 | 15781 | – | 15781 | 905 | 17.44 | 17.44 |
|  Rydex VIF S&P SmallCap 600 Pure Value | 570 | 37212 | 50029 | – | 50029 | 3349 | 14.93 | 14.93 |
|  Rydex VIF Strengthening Dollar 2x Strategy (b) | 29 | 1492 | 1236 | – | 1236 | 304 | 4.07 | 4.07 |
|  Rydex VIF Technology | 8078 | 1267839 | 1964991 | – | 1964991 | 58320 | 24.29 | 44.41 |
|  Rydex VIF Transportation | 166 | 19313 | 16672 | – | 16672 | 1076 | 15.42 | 18.51 |
|  Rydex VIF Utilities | 2339 | 72117 | 101083 | – | 101083 | 7893 | 11.18 | 17.91 |
|  Rydex VIF Weakening Dollar 2x Strategy (b) | 1 | 108 | 108 | – | 108 | 45 | 2.37 | 2.37 |
| T. Rowe Price Blue Chip Growth | 11592 | 526001 | 703844 | – | 703844 | 17990 | 34.23 | 47.99 |
| T. Rowe Price Equity Income | 4320 | 124401 | 123799 | – | 123799 | 6213 | 16.57 | 22.56 |
| T. Rowe Price Health Sciences | 4597 | 217768 | 248389 | – | 248389 | 9817 | 22.83 | 39.68 |
| T. Rowe Price Limited-Term Bond | 21728 | 102558 | 102775 | – | 102775 | 13683 | 7.16 | 7.73 |
|  Templeton Developing Markets VIP Fund | 50801 | 447126 | 613679 | – | 613679 | 28172 | 11.96 | 24.34 |
|  Templeton Foreign VIP Fund | 13869 | 192400 | 224962 | – | 224962 | 18740 | 9.64 | 16.99 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Net Assets (continued)

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Subaccount | Number of<br>Shares | Cost | Assets at<br>Market Value | Investment<br>Income<br>Receivable | Net Assets | Units<br>Outstanding | Range of Unit<br>Values | Range of Unit<br>Values |
|  Templeton Global Bond VIP Fund | 6245 | $96548 | $82240 | $– $| 82240 | 14091 | $5.68 | $6.56 |
|  VanEck VIP Global Gold | 30230 | 561375 | 735790 | – | 735790 | 30025 | 24.28 | 24.54 |
|  VanEck VIP Global Resources | 909 | 22663 | 29056 | – | 29056 | 4396 | 6.14 | 7.47 |
|  Vanguard<sup>®</sup> VIF Balanced | 8854 | 198445 | 224982 | – | 224982 | 13368 | 15.73 | 17.97 |
|  Vanguard<sup>®</sup> VIF Capital Growth | 2670 | 126568 | 165076 | – | 165076 | 6532 | 24.52 | 28.27 |
|  Vanguard<sup>®</sup> VIF Conservative Allocation | 1427 | 32733 | 37767 | – | 37767 | 2991 | 11.05 | 12.62 |
|  Vanguard<sup>®</sup> VIF Diversified Value | 60465 | 889664 | 1056332 | – | 1056332 | 50698 | 20.83 | 20.83 |
|  Vanguard<sup>®</sup> VIF Equity Income | 35418 | 799840 | 928668 | – | 928668 | 50343 | 18.01 | 20.57 |
|  Vanguard<sup>®</sup> VIF Equity Index | 35824 | 1947399 | 2936132 | – | 2936132 | 109490 | 23.69 | 27.06 |
|  Vanguard<sup>®</sup> VIF Global Bond Index | 486 | 10243 | 9157 | – | 9157 | 1143 | 8.01 | 8.01 |
|  Vanguard<sup>®</sup> VIF Growth | 11651 | 334890 | 427353 | – | 427353 | 16228 | 26.03 | 29.73 |
|  Vanguard<sup>®</sup> VIF High Yield Bond | 15787 | 120044 | 119193 | – | 119193 | 10735 | 10.45 | 11.94 |
|  Vanguard<sup>®</sup> VIF International | 29825 | 773542 | 852705 | – | 852705 | 47138 | 16.26 | 18.57 |
|  Vanguard<sup>®</sup> VIF Mid-Cap Index | 24999 | 565539 | 698970 | – | 698970 | 38167 | 16.77 | 19.15 |
|  Vanguard<sup>®</sup> VIF Moderate Allocation | 62445 | 1855633 | 2078171 | – | 2078171 | 138759 | 13.26 | 15.15 |
|  Vanguard<sup>®</sup> VIF Real Estate Index | 8612 | 102438 | 99639 | – | 99639 | 8735 | 10.31 | 11.78 |
|  Vanguard<sup>®</sup> VIF Short Term Investment Grade | 81033 | 825969 | 864625 | – | 864625 | 98011 | 8.09 | 9.24 |
|  Vanguard<sup>®</sup> VIF Small Company Growth (b) | 4075 | 84535 | 77714 | – | 77714 | 5046 | 15.04 | 17.17 |
|  Vanguard<sup>®</sup> VIF Total Bond Market Index | 234136 | 2533533 | 2528670 | – | 2528670 | 304969 | 7.42 | 8.47 |
|  Vanguard<sup>®</sup> VIF Total International Stock Market Index | 10630 | 215535 | 285509 | – | 285509 | 21138 | 12.77 | 14.06 |
|  Vanguard<sup>®</sup> VIF Total Stock Market Index | 39559 | 1772140 | 2410353 | – | 2410353 | 96582 | 22.53 | 25.72 |
|  Victory Pioneer Bond VCT Portfolio (a) | 17680 | 185025 | 173267 | – | 173267 | 21610 | 8.02 | 8.02 |
|  Victory Pioneer Equity Income VCT Portfolio (a) | 1347 | 24844 | 16662 | – | 16662 | 985 | 16.92 | 16.92 |
|  Victory Pioneer Strategic Income VCT Portfolio (a) | 8942 | 89591 | 83786 | – | 83786 | 9797 | 8.55 | 8.55 |
|  Virtus Duff & Phelps Real Estate Securities Series | 824 | 17904 | 16860 | – | 16860 | 1313 | 12.83 | 12.83 |
|  Virtus KAR Small-Cap Growth Series | 11106 | 327825 | 170141 | – | 170141 | 7942 | 20.39 | 22.99 |
|  Virtus Newfleet Multi-Sector Intermediate Bond Series |  |  |  | – |  |  | 9.03 | 9.97 |
|  Virtus SGA International Growth Series | 4142 | 56941 | 55302 | – | 55302 | 6515 | 8.49 | 8.49 |
|  Voya MidCap Opportunities Portfolio | 20889 | 96083 | 68517 | – | 68517 | 3653 | 18.76 | 18.76 |
|  VY CBRE Global Real Estate Portfolio | 1124 | 12791 | 11743 | – | 11743 | 1147 | 9.04 | 10.43 |
|  VY CBRE Real Estate Portfolio | 908 | 25167 | 25072 | – | 25072 | 1873 | 13.38 | 13.38 |

---

(a) Name change. See Note 1.

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **AB VPS Discovery<br>Value Portfolio** | **AB VPS Relative<br>Value Portfolio** | **AFIS Capital<br>World Growth and<br>Income** |
|  Net assets as of December 31, 2023 | $3784 | $35040 | $160448 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 483 | 2685 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3) | (483) | (1248) |
|  Net investment income (loss) | (3) |  | 1437 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 1360 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (279) | 27 | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 255 | 2588 | 19201 |
|  Net gain (loss) on investments | (24) | 3975 | 19236 |
|  Net increase (decrease) in net assets from operations | (27) | 3975 | 20673 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (3786) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 34 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (5) | (76) | (234) |
|  Increase (decrease) in net assets from contract transactions | (3757) | (76) | (234) |
|  Total increase (decrease) in net assets | (3784) | 3899 | 20439 |
|  Net assets as of December 31, 2024 | $— | $38939 | $180887 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 359 | 1759 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges |  | (505) | (1089) |
|  Net investment income (loss) |  | (146) | 670 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 3355 | 7263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments |  | 25 | 10593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) |  | 198 | 18717 |
|  Net gain (loss) on investments |  | 3578 | 36573 |
|  Net increase (decrease) in net assets from operations |  | 3432 | 37243 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  |  | (74517) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments |  | (80) | (263) |
|  Increase (decrease) in net assets from contract transactions |  | (80) | (74776) |
|  Total increase (decrease) in net assets |  | 3352 | (37533) |
|  Net assets as of December 31, 2025 | $— | $42291 | $143354 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **AFIS U.S.<br>Government<br>Securities** | **AFIS Washington<br>Mutual Investors** | **Alger Capital<br>Appreciation(b)** |
|  Net assets as of December 31, 2023 | $713432 | $909260 | $520741 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 30654 | 14357 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (8812) | (10374) | (7577) |
|  Net investment income (loss) | 21842 | 3983 | (7577) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 8240 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (11711) | 6556 | 4182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (16564) | 140387 | 242920 |
|  Net gain (loss) on investments | (28275) | 155183 | 247102 |
|  Net increase (decrease) in net assets from operations | (6433) | 159166 | 239525 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 1872 |  | 720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (41849) | (29865) | (14029) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 146258 | (292) | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1125) | (1353) | (625) |
|  Increase (decrease) in net assets from contract transactions | 105156 | (31510) | (13950) |
|  Total increase (decrease) in net assets | 98723 | 127656 | 225575 |
|  Net assets as of December 31, 2024 | $812155 | $1036916 | $746316 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 34831 | 14770 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (9059) | (11525) | (7960) |
|  Net investment income (loss) | 25772 | 3245 | (7960) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 81171 | 89901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (2200) | 9803 | 184463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 28216 | 75878 | (55620) |
|  Net gain (loss) on investments | 26016 | 166852 | 218744 |
|  Net increase (decrease) in net assets from operations | 51788 | 170097 | 210784 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 1872 | 105819 | 8237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (3549) | (41939) | (457186) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | 377 | (2120) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1219) | (1423) | (575) |
|  Increase (decrease) in net assets from contract transactions | (2896) | 62834 | (451644) |
|  Total increase (decrease) in net assets | 48892 | 232931 | (240860) |
|  Net assets as of December 31, 2025 | $861047 | $1269847 | $505456 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Alger Large Cap<br>Growth** | **Allspring<br>Opportunity VT** | **Allspring VT<br>Discovery All Cap<br>Growth Fund** |
|  Net assets as of December 31, 2023 | $30600 | $135911 | $90662 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 67 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (205) | (1997) | (1278) |
|  Net investment income (loss) | (205) | (1930) | (1278) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 14114 | 4943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 9104 | 1702 | (111) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 2671 | 3883 | 14099 |
|  Net gain (loss) on investments | 11775 | 19699 | 18931 |
|  Net increase (decrease) in net assets from operations | 11570 | 17769 | 17653 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (27359) | (10338) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (476) | (2909) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (105) | (194) | (206) |
|  Increase (decrease) in net assets from contract transactions | (27940) | (13441) | (206) |
|  Total increase (decrease) in net assets | (16370) | 4328 | 17447 |
|  Net assets as of December 31, 2024 | $14230 | $140239 | $108109 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 70 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (265) | (1900) | (1446) |
|  Net investment income (loss) | (265) | (1830) | (1446) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 6926 | 14153 | 40543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 159 | 1082 | (207) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 3660 | (6503) | (23951) |
|  Net gain (loss) on investments | 10745 | 8732 | 16385 |
|  Net increase (decrease) in net assets from operations | 10480 | 6902 | 14939 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 12903 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (1342) | (10685) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 28246 | (2259) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (146) | (201) | (232) |
|  Increase (decrease) in net assets from contract transactions | 39661 | (13145) | (232) |
|  Total increase (decrease) in net assets | 50141 | (6243) | 14707 |
|  Net assets as of December 31, 2025 | $64371 | $133996 | $122816 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **ALPS/Alerian<br>Energy<br>Infrastructure** | **American Funds<br>IS<sup>®</sup> Asset<br>Allocation** | **American Funds<br>IS<sup>®</sup> Capital World<br>Bond** |
|  Net assets as of December 31, 2023 | $81835 | $713213 | $99000 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1508 | 12275 | 1794 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (580) | (6714) | (352) |
|  Net investment income (loss) | 928 | 5561 | 1442 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 1213 | 32944 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 9438 | 1954 | (753) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 3682 | 53109 | (4171) |
|  Net gain (loss) on investments | 14333 | 88007 | (4924) |
|  Net increase (decrease) in net assets from operations | 15261 | 93568 | (3482) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (19158) | (45743) | (3356) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 35618 | (157562) | (45) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (102) | (1299) | (21) |
|  Increase (decrease) in net assets from contract transactions | 16358 | (204604) | (3422) |
|  Total increase (decrease) in net assets | 31619 | (111036) | (6904) |
|  Net assets as of December 31, 2024 | $113454 | $602177 | $92096 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 2248 | 11820 | 2790 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (735) | (6337) | (335) |
|  Net investment income (loss) | 1513 | 5483 | 2455 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 5738 | 45101 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 9568 | 540 | (65) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (13912) | 35753 | 5584 |
|  Net gain (loss) on investments | 1394 | 81394 | 5519 |
|  Net increase (decrease) in net assets from operations | 2907 | 86877 | 7974 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (15) | (1751) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (71976) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (114) | (1098) | (18) |
|  Increase (decrease) in net assets from contract transactions | (72105) | (2849) | (18) |
|  Total increase (decrease) in net assets | (69198) | 84028 | 7956 |
|  Net assets as of December 31, 2025 | $44256 | $686205 | $100052 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **American Funds<br>IS<sup>®</sup> Global Growth** | **American Funds<br>IS<sup>®</sup> Global Small<br>Capitalization** | **American Funds<br>IS<sup>®</sup> Growth** |
|  Net assets as of December 31, 2023 | $343307 | $90062 | $689557 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 5160 | 175 | 1355 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3933) | (513) | (9157) |
|  Net investment income (loss) | 1227 | (338) | (7802) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 10972 | 799 | 19961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 3666 | (46823) | 64311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 26285 | 45300 | 109638 |
|  Net gain (loss) on investments | 40923 | (724) | 193910 |
|  Net increase (decrease) in net assets from operations | 42150 | (1062) | 186108 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (16720) | (77910) | (311338) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (155) | (162) | 154783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1053) | (155) | (2221) |
|  Increase (decrease) in net assets from contract transactions | (17928) | (78227) | (158776) |
|  Total increase (decrease) in net assets | 24222 | (79289) | 27332 |
|  Net assets as of December 31, 2024 | $367529 | $10773 | $716889 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 4539 | 43 | 762 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3921) | (143) | (8652) |
|  Net investment income (loss) | 618 | (100) | (7890) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 49577 | 248 | 47715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 8992 | (151) | 65588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 14007 | 1345 | 7683 |
|  Net gain (loss) on investments | 72576 | 1442 | 120986 |
|  Net increase (decrease) in net assets from operations | 73194 | 1342 | 113096 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 20518 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (66578) | (124) | (131285) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (470) | 10954 | 1161512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1133) | (24) | (2335) |
|  Increase (decrease) in net assets from contract transactions | (47663) | 10806 | 1027892 |
|  Total increase (decrease) in net assets | 25531 | 12148 | 1140988 |
|  Net assets as of December 31, 2025 | $393060 | $22921 | $1857877 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **American Funds<br>IS<sup>®</sup> Growth-<br>Income** | **American Funds<br>IS<sup>®</sup> International** | **American Funds<br>IS<sup>®</sup> International<br>Growth and<br>Income** |
|  Net assets as of December 31, 2023 | $389339 | $50397 | $275646 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 3996 | 898 | 6745 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (4281) | (840) | (1010) |
|  Net investment income (loss) | (285) | 58 | 5735 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 17766 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 11116 | (59) | (882) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 51186 | 337 | 2777 |
|  Net gain (loss) on investments | 80068 | 278 | 1895 |
|  Net increase (decrease) in net assets from operations | 79783 | 336 | 7630 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (47046) |  | (3233) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 43624 | 36124 | (559) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1112) | (170) | (351) |
|  Increase (decrease) in net assets from contract transactions | (4534) | 35954 | (4143) |
|  Total increase (decrease) in net assets | 75249 | 36290 | 3487 |
|  Net assets as of December 31, 2024 | $464588 | $86687 | $279133 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 3359 | 595 | 7881 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (4966) | (645) | (1119) |
|  Net investment income (loss) | (1607) | (50) | 6762 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 83209 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 16820 | 262 | (116) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (24089) | 15184 | 89382 |
|  Net gain (loss) on investments | 75940 | 15446 | 89266 |
|  Net increase (decrease) in net assets from operations | 74333 | 15396 | 96028 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (89373) | (8593) | (3579) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 28450 | (37892) | (538) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1169) | (140) | (403) |
|  Increase (decrease) in net assets from contract transactions | (62092) | (46625) | (4520) |
|  Total increase (decrease) in net assets | 12241 | (31229) | 91508 |
|  Net assets as of December 31, 2025 | $476829 | $55458 | $370641 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **American Funds<br>IS<sup>®</sup> Mortgage** | **American Funds<br>IS<sup>®</sup> New World** | **BlackRock<br>Advantage Large<br>Cap Core V.I.** |
|  Net assets as of December 31, 2023 | $— | $132285 | $28676 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 1647 | 139 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges |  | (1468) | (408) |
|  Net investment income (loss) |  | 179 | (269) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 651 | 3265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments |  | 116 | (66) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) |  | 5983 | 3722 |
|  Net gain (loss) on investments |  | 6750 | 6921 |
|  Net increase (decrease) in net assets from operations |  | 6929 | 6652 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 144 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (985) | (393) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments |  | (186) | (65) |
|  Increase (decrease) in net assets from contract transactions |  | (1027) | (465) |
|  Total increase (decrease) in net assets |  | 5902 | 6187 |
|  Net assets as of December 31, 2024 | $— | $138187 | $34863 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 1504 | 89 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (372) | (1663) | (461) |
|  Net investment income (loss) | (372) | (159) | (372) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 6380 | 4333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (897) | 786 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) |  | 30593 | 2377 |
|  Net gain (loss) on investments | (897) | 37759 | 6721 |
|  Net increase (decrease) in net assets from operations | (1269) | 37600 | 6349 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 168 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (2670) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 1335 | 5745 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (66) | (209) | (74) |
|  Increase (decrease) in net assets from contract transactions | 1269 | 3034 | (74) |
|  Total increase (decrease) in net assets |  | 40634 | 6275 |
|  Net assets as of December 31, 2025 | $— | $178821 | $41138 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **BlackRock Basic<br>Value V.I.** | **BlackRock Equity<br>Dividend V.I.** | **BlackRock Global<br>Allocation V.I.** |
|  Net assets as of December 31, 2023 | $133226 | $253795 | $131622 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 353 | 5295 | 1504 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (446) | (2997) | (1344) |
|  Net investment income (loss) | (93) | 2298 | 160 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 1524 | 17093 | 8260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (6797) | 1910 | (241) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 8409 | (1549) | 2625 |
|  Net gain (loss) on investments | 3136 | 17454 | 10644 |
|  Net increase (decrease) in net assets from operations | 3043 | 19752 | 10804 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (21007) | (48453) | (40839) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (95049) |  | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (56) | (316) | (120) |
|  Increase (decrease) in net assets from contract transactions | (116112) | (48769) | (40948) |
|  Total increase (decrease) in net assets | (113069) | (29017) | (30144) |
|  Net assets as of December 31, 2024 | $20157 | $224778 | $101478 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 414 | 5730 | 4719 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (273) | (3146) | (1377) |
|  Net investment income (loss) | 141 | 2584 | 3342 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 2854 | 25639 | 11510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 16 | 303 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 1449 | 21357 | 3444 |
|  Net gain (loss) on investments | 4319 | 47299 | 14945 |
|  Net increase (decrease) in net assets from operations | 4460 | 49883 | 18287 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 36369 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (514) | (1430) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | (249) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (43) | (217) |  |
|  Increase (decrease) in net assets from contract transactions | (557) | 34473 |  |
|  Total increase (decrease) in net assets | 3903 | 84356 | 18287 |
|  Net assets as of December 31, 2025 | $24060 | $309134 | $119765 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **BlackRock High<br>Yield V.I.** | **BlackRock Large<br>Cap Focus Growth<br>V.I.** | **BNY Mellon IP<br>Small Cap Stock<br>Index** |
|  Net assets as of December 31, 2023 | $464398 | $47359 | $104216 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 32150 |  | 1542 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3811) | (1909) | (661) |
|  Net investment income (loss) | 28339 | (1909) | 881 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 13212 | 3022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (414) | 1117 | 1527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 4660 | 23455 | 533 |
|  Net gain (loss) on investments | 4246 | 37784 | 5082 |
|  Net increase (decrease) in net assets from operations | 32585 | 35875 | 5963 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 12992 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (5307) | (5121) | (4382) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (13) | 95013 | 16471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1183) | (680) | (242) |
|  Increase (decrease) in net assets from contract transactions | 6489 | 89212 | 11847 |
|  Total increase (decrease) in net assets | 39074 | 125087 | 17810 |
|  Net assets as of December 31, 2024 | $503472 | $172446 | $122026 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 32163 |  | 1238 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3968) | (1984) | (604) |
|  Net investment income (loss) | 28195 | (1984) | 634 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 1091 | 14445 | 9421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (3111) | 30216 | (52) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 11650 | (25702) | (7209) |
|  Net gain (loss) on investments | 9630 | 18959 | 2160 |
|  Net increase (decrease) in net assets from operations | 37825 | 16975 | 2794 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 8424 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (43849) | (8535) | (3422) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 1385 | (117495) | (19972) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1117) | (552) | (231) |
|  Increase (decrease) in net assets from contract transactions | (35157) | (126582) | (23625) |
|  Total increase (decrease) in net assets | 2668 | (109607) | (20831) |
|  Net assets as of December 31, 2025 | $506140 | $62839 | $101195 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **BNY Mellon IP<br>Technology<br>Growth** | **BNY Mellon VIF<br>Appreciation** | **Dimensional VA<br>Global Moderate<br>Allocation** |
|  Net assets as of December 31, 2023 | $201760 | $9871 | $— |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 19 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2823) | (135) | (11) |
|  Net investment income (loss) | (2823) | (116) | (11) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 774 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 2501 | (43) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 48674 | 476 | (486) |
|  Net gain (loss) on investments | 51175 | 1207 | (486) |
|  Net increase (decrease) in net assets from operations | 48352 | 1091 | (497) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 18 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (12440) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (14) |  | 47265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (774) | (21) | (9) |
|  Increase (decrease) in net assets from contract transactions | (13210) | (21) | 47256 |
|  Total increase (decrease) in net assets | 35142 | 1070 | 46759 |
|  Net assets as of December 31, 2024 | $236902 | $10941 | $46759 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 83 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3218) | (217) | (153) |
|  Net investment income (loss) | (3218) | (134) | (153) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 129989 | 15426 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (1379) | (24980) | (911) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (62470) | 2049 | 486 |
|  Net gain (loss) on investments | 66140 | (7505) | (425) |
|  Net increase (decrease) in net assets from operations | 62922 | (7639) | (578) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 8848 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (6450) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (5981) | 8573 | (46166) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (778) | (38) | (15) |
|  Increase (decrease) in net assets from contract transactions | (4361) | 8535 | (46181) |
|  Total increase (decrease) in net assets | 58561 | 896 | (46759) |
|  Net assets as of December 31, 2025 | $295463 | $11837 | $— |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Dimensional VA<br>International Small<br>Portfolio** | **Dimensional VA<br>International Value<br>Portfolio** | **Dimensional VA<br>Short-Term Fixed<br>Portfolio** |
|  Net assets as of December 31, 2023 | $225283 | $1139231 | $199680 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 8174 | 44302 | 9935 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1149) | (4206) | (513) |
|  Net investment income (loss) | 7025 | 40096 | 9422 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 6392 | 22864 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 256 | 12127 | 191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (6159) | (6472) | 759 |
|  Net gain (loss) on investments | 489 | 28519 | 950 |
|  Net increase (decrease) in net assets from operations | 7514 | 68615 | 10372 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 7360 | 12960 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (2172) | (124328) | (1957) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (5) | (57320) | (1063) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (198) | (479) | (406) |
|  Increase (decrease) in net assets from contract transactions | 4985 | (169167) | (3426) |
|  Total increase (decrease) in net assets | 12499 | (100552) | 6946 |
|  Net assets as of December 31, 2024 | $237782 | $1038679 | $206626 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 9232 | 57757 | 7560 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2922) | (3537) | (480) |
|  Net investment income (loss) | 6310 | 54220 | 7080 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 11170 | 42042 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 29190 | 7291 | (220) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 55944 | 359212 | 822 |
|  Net gain (loss) on investments | 96304 | 408545 | 602 |
|  Net increase (decrease) in net assets from operations | 102614 | 462765 | 7682 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 2976 | 9815 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (16859) | (28543) | (2031) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (24601) | 16521 | (29543) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (380) | (414) | (383) |
|  Increase (decrease) in net assets from contract transactions | (38864) | (2621) | (31957) |
|  Total increase (decrease) in net assets | 63750 | 460144 | (24275) |
|  Net assets as of December 31, 2025 | $301532 | $1498823 | $182351 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Dimensional VA<br>U.S. Large Value<br>Portfolio** | **Dimensional VA<br>U.S. Targeted<br>Value Portfolio** | **Donoghue Forlines<br>Dividend VIT<br>Fund** |
|  Net assets as of December 31, 2023 | $509180 | $561271 | $10346 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 7597 | 6193 | 175 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (4039) | (3266) | (28) |
|  Net investment income (loss) | 3558 | 2927 | 147 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 38278 | 30169 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 75367 | (2179) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (43573) | (2295) | 1143 |
|  Net gain (loss) on investments | 70072 | 25695 | 1143 |
|  Net increase (decrease) in net assets from operations | 73630 | 28622 | 1290 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (209032) | (139455) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 3 | (102270) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (946) | (450) | (23) |
|  Increase (decrease) in net assets from contract transactions | (209975) | (242175) | (23) |
|  Total increase (decrease) in net assets | (136345) | (213553) | 1267 |
|  Net assets as of December 31, 2024 | $372835 | $347718 | $11613 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 6283 | 11993 | 156 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3424) | (1202) | (31) |
|  Net investment income (loss) | 2859 | 10791 | 125 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 19625 | 54257 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 19041 | 913 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 7972 | (28406) | 1820 |
|  Net gain (loss) on investments | 46638 | 26764 | 1838 |
|  Net increase (decrease) in net assets from operations | 49497 | 37555 | 1963 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 6839 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (71438) | (10472) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (14) | 310158 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (722) | (108) | (25) |
|  Increase (decrease) in net assets from contract transactions | (72174) | 306417 | (27) |
|  Total increase (decrease) in net assets | (22677) | 343972 | 1936 |
|  Net assets as of December 31, 2025 | $350158 | $691690 | $13549 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **DWS Small Mid<br>Cap Value VIP** | **Eaton Vance VT<br>Floating-Rate<br>Income** | **Federated Hermes<br>Fund for U.S.<br>Government<br>Securities II** |
|  Net assets as of December 31, 2023 | $387084 | $233061 | $161644 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 3231 | 17700 | 5574 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1023) | (565) | (2091) |
|  Net investment income (loss) | 2208 | 17135 | 3483 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 19277 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 454 | (1609) | (1035) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (231) | 464 | (3642) |
|  Net gain (loss) on investments | 19500 | (1145) | (4677) |
|  Net increase (decrease) in net assets from operations | 21708 | 15990 | (1194) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 16640 | 12800 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (3582) | (46180) | (4308) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (54) | (15) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (219) | (218) | (550) |
|  Increase (decrease) in net assets from contract transactions | 12785 | (33613) | (4858) |
|  Total increase (decrease) in net assets | 34493 | (17623) | (6052) |
|  Net assets as of December 31, 2024 | $421577 | $215438 | $155592 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 2482 | 15189 | 6098 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (755) | (613) | (2058) |
|  Net investment income (loss) | 1727 | 14576 | 4040 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 48887 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 32693 | (137) | (1275) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (30565) | (6190) | 5527 |
|  Net gain (loss) on investments | 51015 | (6327) | 4252 |
|  Net increase (decrease) in net assets from operations | 52742 | 8249 | 8292 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 1392 | 8262 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (1222) | (1166) | (4257) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (474330) | 10696 | (569) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (159) | (189) | (529) |
|  Increase (decrease) in net assets from contract transactions | (474319) | 17603 | (5355) |
|  Total increase (decrease) in net assets | (421577) | 25852 | 2937 |
|  Net assets as of December 31, 2025 | $— | $241290 | $158529 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Federated Hermes<br>High Income Bond<br>II** | **Fidelity<sup>®</sup> VIP<br>Balanced** | **Fidelity<sup>®</sup> VIP<br>Contrafund** |
|  Net assets as of December 31, 2023 | $264378 | $662148 | $1629629 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 13951 | 13572 | 635 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2796) | (8784) | (21440) |
|  Net investment income (loss) | 11155 | 4788 | (20805) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 23251 | 252677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (1430) | 8175 | 58198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 2660 | 58235 | 240461 |
|  Net gain (loss) on investments | 1230 | 89661 | 551336 |
|  Net increase (decrease) in net assets from operations | 12385 | 94449 | 530531 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 98734 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (14145) | (68216) | (131208) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 5793 | 126903 | 145627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (488) | (1224) | (4533) |
|  Increase (decrease) in net assets from contract transactions | (8840) | 156197 | 9886 |
|  Total increase (decrease) in net assets | 3545 | 250646 | 540417 |
|  Net assets as of December 31, 2024 | $267923 | $912794 | $2170046 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 15348 | 14210 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2775) | (10167) | (22548) |
|  Net investment income (loss) | 12573 | 4043 | (22548) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 47644 | 332368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (1200) | 7290 | 169851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 6978 | 49048 | (72163) |
|  Net gain (loss) on investments | 5778 | 103982 | 430056 |
|  Net increase (decrease) in net assets from operations | 18351 | 108025 | 407508 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 11269 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (14451) | (22401) | (443749) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 3470 | (63035) | (82767) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (438) | (1180) | (4595) |
|  Increase (decrease) in net assets from contract transactions | (11419) | (75347) | (531111) |
|  Total increase (decrease) in net assets | 6932 | 32678 | (123603) |
|  Net assets as of December 31, 2025 | $274855 | $945472 | $2046443 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Fidelity<sup>®</sup> VIP<br>Disciplined Small<br>Cap** | **Fidelity<sup>®</sup> VIP<br>Emerging Markets** | **Fidelity<sup>®</sup> VIP<br>Growth & Income** |
|  Net assets as of December 31, 2023 | $43861 | $234018 | $495386 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 398 | 3548 | 7230 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (294) | (1570) | (3403) |
|  Net investment income (loss) | 104 | 1978 | 3827 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 273 |  | 38935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 664 | 4075 | 3549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 5822 | 20312 | 58325 |
|  Net gain (loss) on investments | 6759 | 24387 | 100809 |
|  Net increase (decrease) in net assets from operations | 6863 | 26365 | 104636 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 33892 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (2266) | (7457) | (6900) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (1014) | 2192 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (35) | (464) | (1149) |
|  Increase (decrease) in net assets from contract transactions | (3315) | 28163 | (8049) |
|  Total increase (decrease) in net assets | 3548 | 54528 | 96587 |
|  Net assets as of December 31, 2024 | $47409 | $288546 | $591973 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 499 | 10527 | 8950 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (397) | (2291) | (3928) |
|  Net investment income (loss) | 102 | 8236 | 5022 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 3786 | 5762 | 64323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 630 | 7805 | 11314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 3394 | 114311 | 43173 |
|  Net gain (loss) on investments | 7810 | 127878 | 118810 |
|  Net increase (decrease) in net assets from operations | 7912 | 136114 | 123832 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 8210 | 8210 | 26277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (2363) | (12865) | (26199) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 28414 | 483329 | 175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (38) | (734) | (1244) |
|  Increase (decrease) in net assets from contract transactions | 34223 | 477940 | (991) |
|  Total increase (decrease) in net assets | 42135 | 614054 | 122841 |
|  Net assets as of December 31, 2025 | $89544 | $902600 | $714814 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Fidelity<sup>®</sup> VIP<br>Growth<br>Opportunities** | **Fidelity<sup>®</sup> VIP High<br>Income** | **Fidelity<sup>®</sup> VIP<br>Index 500** |
|  Net assets as of December 31, 2023 | $1668656 | $44088 | $1152075 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 2200 | 13513 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (12435) | (389) | (14726) |
|  Net investment income (loss) | (12435) | 1811 | (1213) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  | 793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 96948 | (71) | 95794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 488962 | 1559 | 158411 |
|  Net gain (loss) on investments | 585910 | 1488 | 254998 |
|  Net increase (decrease) in net assets from operations | 573475 | 3299 | 253785 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 33281 |  | 65622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (377342) | (11210) | (212740) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (5487) | (80) | 95984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (3622) | (108) | (5912) |
|  Increase (decrease) in net assets from contract transactions | (353170) | (11398) | (57046) |
|  Total increase (decrease) in net assets | 220305 | (8099) | 196739 |
|  Net assets as of December 31, 2024 | $1888961 | $35989 | $1348814 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 2537 | 16049 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (11272) | (393) | (16358) |
|  Net investment income (loss) | (11272) | 2144 | (309) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 25637 |  | 7832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 763751 | (23) | 46738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (410214) | 1171 | 224860 |
|  Net gain (loss) on investments | 379174 | 1148 | 279430 |
|  Net increase (decrease) in net assets from operations | 367902 | 3292 | 279121 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 76952 |  | 365391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (93135) |  | (79728) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (1355329) |  | 29251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (2997) | (75) | (6810) |
|  Increase (decrease) in net assets from contract transactions | (1374509) | (75) | 308104 |
|  Total increase (decrease) in net assets | (1006607) | 3217 | 587225 |
|  Net assets as of December 31, 2025 | $882354 | $39206 | $1936039 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Fidelity<sup>®</sup> VIP<br>Investment Grade<br>Bond** | **Fidelity<sup>®</sup> VIP Mid<br>Cap** | **Fidelity<sup>®</sup> VIP<br>Overseas** |
|  Net assets as of December 31, 2023 | $674072 | $65616 | $122988 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 17986 | 256 | 1792 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (5662) | (321) | (1028) |
|  Net investment income (loss) | 12324 | (65) | 764 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 9848 | 5871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (27248) | 136 | 1200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 17297 | 945 | (2832) |
|  Net gain (loss) on investments | (9951) | 10929 | 4239 |
|  Net increase (decrease) in net assets from operations | 2373 | 10864 | 5003 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 60 |  | 384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (158446) | (893) | (3713) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (10630) | (281) | (902) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (2169) | (93) | (167) |
|  Increase (decrease) in net assets from contract transactions | (171185) | (1267) | (4398) |
|  Total increase (decrease) in net assets | (168812) | 9597 | 605 |
|  Net assets as of December 31, 2024 | $505260 | $75213 | $123593 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 16315 | 187 | 1947 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (5076) | (321) | (1139) |
|  Net investment income (loss) | 11239 | (134) | 808 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 8984 | 12649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (13051) | 143 | 4029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 30091 | (891) | 7417 |
|  Net gain (loss) on investments | 17040 | 8236 | 24095 |
|  Net increase (decrease) in net assets from operations | 28279 | 8102 | 24903 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 90 |  | 384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (71760) | (3101) | (3515) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 9518 | (219) | (751) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1797) | (97) | (154) |
|  Increase (decrease) in net assets from contract transactions | (63949) | (3417) | (4036) |
|  Total increase (decrease) in net assets | (35670) | 4685 | 20867 |
|  Net assets as of December 31, 2025 | $469590 | $79898 | $144460 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Fidelity<sup>®</sup> VIP Real<br>Estate** | **Fidelity<sup>®</sup> VIP<br>Strategic Income** | **Franklin DynaTech<br>VIP** |
|  Net assets as of December 31, 2023 | $72572 | $199979 | $24395 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 2434 | 6822 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (454) | (2405) | (122) |
|  Net investment income (loss) | 1980 | 4417 | (122) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (2516) | (501) | (989) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 2831 | 5070 | 8995 |
|  Net gain (loss) on investments | 315 | 4569 | 8006 |
|  Net increase (decrease) in net assets from operations | 2295 | 8986 | 7884 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (13554) | (14831) | (26356) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 9 | (45) | (27) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (68) | (575) | (51) |
|  Increase (decrease) in net assets from contract transactions | (13613) | (15451) | (26434) |
|  Total increase (decrease) in net assets | (11318) | (6465) | (18550) |
|  Net assets as of December 31, 2024 | $61254 | $193514 | $5845 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1204 | 7265 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (417) | (2393) | (157) |
|  Net investment income (loss) | 787 | 4872 | (157) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 28 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (31) | (27) | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 568 | 9205 | 6737 |
|  Net gain (loss) on investments | 565 | 9178 | 6782 |
|  Net increase (decrease) in net assets from operations | 1352 | 14050 | 6625 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 33953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (43) | (699) | (2079) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  | (453) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (52) | (568) | (77) |
|  Increase (decrease) in net assets from contract transactions | (95) | (1267) | 31344 |
|  Total increase (decrease) in net assets | 1257 | 12783 | 37969 |
|  Net assets as of December 31, 2025 | $62511 | $206297 | $43814 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Franklin Growth<br>and Income VIP<br>Fund** | **Franklin Income<br>VIP Fund** | **Franklin Large<br>Cap Growth VIP<br>Fund** |
|  Net assets as of December 31, 2023 | $319132 | $276131 | $413517 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 7963 | 14771 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2842) | (3411) | (5195) |
|  Net investment income (loss) | 5121 | 11360 | (5195) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 6780 | 1210 | 52278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (1064) | (1010) | (1430) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 43554 | 4936 | 57204 |
|  Net gain (loss) on investments | 49270 | 5136 | 108052 |
|  Net increase (decrease) in net assets from operations | 54391 | 16496 | 102857 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (24535) | (49228) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | (163) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (227) | (743) | (2235) |
|  Increase (decrease) in net assets from contract transactions | (227) | (25441) | (51463) |
|  Total increase (decrease) in net assets | 54164 | (8945) | 51394 |
|  Net assets as of December 31, 2024 | $373296 | $267186 | $464911 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 8591 | 14141 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3162) | (3409) | (4833) |
|  Net investment income (loss) | 5429 | 10732 | (4833) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 36990 | 2973 | 88574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (865) | (102) | (11269) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 18078 | 16229 | (42509) |
|  Net gain (loss) on investments | 54203 | 19100 | 34796 |
|  Net increase (decrease) in net assets from operations | 59632 | 29832 | 29963 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (590) | (107005) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (69) | (548) | (2063) |
|  Increase (decrease) in net assets from contract transactions | (69) | (1138) | (109067) |
|  Total increase (decrease) in net assets | 59563 | 28694 | (79104) |
|  Net assets as of December 31, 2025 | $432859 | $295880 | $385807 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Franklin Mutual<br>Global Discovery<br>VIP Fund** | **Franklin Mutual<br>Shares VIP Fund** | **Franklin Rising<br>Dividends VIP<br>Fund** |
|  Net assets as of December 31, 2023 | $132310 | $80639 | $755987 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 2439 | 1745 | 7954 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (643) | (387) | (4131) |
|  Net investment income (loss) | 1796 | 1358 | 3823 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 10248 | 1814 | 37842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (22) | 549 | 1365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (6500) | 5979 | 34453 |
|  Net gain (loss) on investments | 3726 | 8342 | 73660 |
|  Net increase (decrease) in net assets from operations | 5522 | 9700 | 77483 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (21564) | (94272) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | 4 | 526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (278) | (103) | (916) |
|  Increase (decrease) in net assets from contract transactions | (278) | (21663) | (94662) |
|  Total increase (decrease) in net assets | 5244 | (11963) | (17179) |
|  Net assets as of December 31, 2024 | $137554 | $68676 | $738808 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 2962 | 1483 | 6296 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (708) | (179) | (3666) |
|  Net investment income (loss) | 2254 | 1304 | 2630 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 16415 | 7308 | 75431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (6) | (34) | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 12636 | (863) | 5001 |
|  Net gain (loss) on investments | 29045 | 6411 | 80499 |
|  Net increase (decrease) in net assets from operations | 31299 | 7715 | 83129 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  |  | (1757) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (311) | (75) | (829) |
|  Increase (decrease) in net assets from contract transactions | (311) | (75) | (2586) |
|  Total increase (decrease) in net assets | 30988 | 7640 | 80543 |
|  Net assets as of December 31, 2025 | $168542 | $76316 | $819351 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Franklin Small<br>Cap Value VIP<br>Fund** | **Franklin Small-**<br>**Mid Cap Growth<br>VIP Fund** | **Franklin Strategic<br>Income VIP Fund** |
|  Net assets as of December 31, 2023 | $493008 | $446774 | $32655 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 4866 |  | 1478 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3137) | (5467) | (417) |
|  Net investment income (loss) | 1729 | (5467) | 1061 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 12027 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 65 | (16748) | (52) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 40617 | 59103 | (123) |
|  Net gain (loss) on investments | 52709 | 42355 | (175) |
|  Net increase (decrease) in net assets from operations | 54438 | 36888 | 886 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 6145 | 5279 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (26374) | (94862) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (336) | (13060) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (494) | (1821) | (66) |
|  Increase (decrease) in net assets from contract transactions | (21059) | (104464) | (66) |
|  Total increase (decrease) in net assets | 33379 | (67576) | 820 |
|  Net assets as of December 31, 2024 | $526387 | $379198 | $33475 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 5675 |  | 1666 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2515) | (4657) | (336) |
|  Net investment income (loss) | 3160 | (4657) | 1330 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 44259 | 20539 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (9015) | (9283) | (3277) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (9266) | (3389) | 3553 |
|  Net gain (loss) on investments | 25978 | 7867 | 276 |
|  Net increase (decrease) in net assets from operations | 29138 | 3210 | 1606 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 384 | 14342 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (114283) | (63347) | (35046) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (302038) | (4739) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (388) | (1582) | (51) |
|  Increase (decrease) in net assets from contract transactions | (416325) | (55326) | (35081) |
|  Total increase (decrease) in net assets | (387187) | (52116) | (33475) |
|  Net assets as of December 31, 2025 | $139200 | $327082 | $— |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Franklin U.S.<br>Government<br>Securities VIP<br>Fund** | **Goldman Sachs<br>VIT International<br>Equity Insights** | **Goldman Sachs<br>VIT Mid Cap<br>Growth Fund** |
|  Net assets as of December 31, 2023 | $331525 | $7480 | $343285 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 10121 | 221 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1867) | (20) | (1616) |
|  Net investment income (loss) | 8254 | 201 | (1616) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 283 | 44971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (1939) | 6 | (2475) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (3419) | (73) | 25995 |
|  Net gain (loss) on investments | (5358) | 216 | 68491 |
|  Net increase (decrease) in net assets from operations | 2896 | 417 | 66875 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (16022) |  | (7889) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 139569 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (734) | (17) | (889) |
|  Increase (decrease) in net assets from contract transactions | 122813 | (17) | (8778) |
|  Total increase (decrease) in net assets | 125709 | 400 | 58097 |
|  Net assets as of December 31, 2024 | $457234 | $7880 | $401382 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 11420 | 236 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1652) | (1263) | (2149) |
|  Net investment income (loss) | 9768 | (1027) | (2149) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 1282 | 143023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (18438) | 23536 | (4358) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 29591 | 1460 | (121460) |
|  Net gain (loss) on investments | 11153 | 26278 | 17205 |
|  Net increase (decrease) in net assets from operations | 20921 | 25251 | 15056 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 11399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (244832) |  | (30239) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (112680) | (22097) | 427240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (486) | (197) | (956) |
|  Increase (decrease) in net assets from contract transactions | (357998) | (22294) | 407444 |
|  Total increase (decrease) in net assets | (337077) | 2957 | 422500 |
|  Net assets as of December 31, 2025 | $120157 | $10837 | $823882 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Goldman Sachs<br>VIT Mid Cap<br>Value** | **Guggenheim VIF<br>Floating Rate<br>Strategies** | **Guggenheim VIF<br>Global Managed<br>Futures Strategy** |
|  Net assets as of December 31, 2023 | $215393 | $171377 | $62910 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1676 | 11986 | 1706 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2077) | (1840) | (281) |
|  Net investment income (loss) | (401) | 10146 | 1425 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 12968 |  | 912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 4329 | 63 | 81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 7384 | (1515) | (2418) |
|  Net gain (loss) on investments | 24681 | (1452) | (1425) |
|  Net increase (decrease) in net assets from operations | 24280 | 8694 |  |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (15716) | (24838) | (1358) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 6190 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (232) | (503) | (155) |
|  Increase (decrease) in net assets from contract transactions | (9758) | (25341) | (1513) |
|  Total increase (decrease) in net assets | 14522 | (16647) | (1513) |
|  Net assets as of December 31, 2024 | $229915 | $154730 | $61397 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 2097 | 14036 | 1100 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2124) | (1787) | (259) |
|  Net investment income (loss) | (27) | 12249 | 841 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 23768 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 1893 | (176) | (186) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (8078) | (8380) | 1054 |
|  Net gain (loss) on investments | 17583 | (8556) | 868 |
|  Net increase (decrease) in net assets from operations | 17556 | 3693 | 1709 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (3484) | (570) | (4066) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (13663) |  | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (196) | (504) | (123) |
|  Increase (decrease) in net assets from contract transactions | (17343) | (1074) | (4175) |
|  Total increase (decrease) in net assets | 213 | 2619 | (2466) |
|  Net assets as of December 31, 2025 | $230128 | $157349 | $58931 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Guggenheim VIF<br>High Yield** | **Guggenheim VIF<br>Multi-Hedge<br>Strategies** | **Guggenheim VIF<br>Total Return Bond** |
|  Net assets as of December 31, 2023 | $19833 | $125660 | $1050646 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1086 | 4397 | 40277 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (230) | (534) | (4200) |
|  Net investment income (loss) | 856 | 3863 | 36077 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (483) | 4686 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 731 | (9582) | (8222) |
|  Net gain (loss) on investments | 248 | (4896) | (8227) |
|  Net increase (decrease) in net assets from operations | 1104 | (1033) | 27850 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 30 | 62238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (2284) | (106887) | (28003) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 9 | 10 | 41981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (39) | (127) | (830) |
|  Increase (decrease) in net assets from contract transactions | (2314) | (106974) | 75386 |
|  Total increase (decrease) in net assets | (1210) | (108007) | 103236 |
|  Net assets as of December 31, 2024 | $18623 | $17653 | $1153882 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1852 | 336 | 50560 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (296) | (207) | (4598) |
|  Net investment income (loss) | 1556 | 129 | 45962 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (46) | (318) | (297) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (263) | 68 | 37702 |
|  Net gain (loss) on investments | (309) | (250) | 37405 |
|  Net increase (decrease) in net assets from operations | 1247 | (121) | 83367 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 30 | 15 | 40810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (241) | (18749) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 8171 | (2568) | 127622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (48) | (49) | (979) |
|  Increase (decrease) in net assets from contract transactions | 8153 | (2843) | 148704 |
|  Total increase (decrease) in net assets | 9400 | (2964) | 232071 |
|  Net assets as of December 31, 2025 | $28023 | $14689 | $1385953 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco V.I.<br>American<br>Franchise Series I** | **Invesco V.I.<br>American Value** | **Invesco V.I.<br>Balanced-Risk<br>Allocation** |
|  Net assets as of December 31, 2023 | $100400 | $12756 | $31550 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 118 | 998 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1547) | (185) | (63) |
|  Net investment income (loss) | (1547) | (67) | 935 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 353 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 1574 | (10) | (2221) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 29601 | 3353 | 2744 |
|  Net gain (loss) on investments | 31175 | 3696 | 523 |
|  Net increase (decrease) in net assets from operations | 29628 | 3629 | 1458 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (5905) |  | (16393) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (12972) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (105) | (30) | (50) |
|  Increase (decrease) in net assets from contract transactions | (18982) | (30) | (16443) |
|  Total increase (decrease) in net assets | 10646 | 3599 | (14985) |
|  Net assets as of December 31, 2024 | $111046 | $16355 | $16565 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 38 | 1185 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1635) | (214) | (43) |
|  Net investment income (loss) | (1635) | (176) | 1142 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 11790 | 2754 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 4484 | 15 | (14) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (3093) | 549 | 265 |
|  Net gain (loss) on investments | 13181 | 3318 | 251 |
|  Net increase (decrease) in net assets from operations | 11546 | 3142 | 1393 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 8579 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (7274) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (1384) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (133) | (33) | (34) |
|  Increase (decrease) in net assets from contract transactions | (212) | (33) | (34) |
|  Total increase (decrease) in net assets | 11334 | 3109 | 1359 |
|  Net assets as of December 31, 2025 | $122380 | $19464 | $17924 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco V.I.<br>Comstock** | **Invesco V.I. Core<br>Equity** | **Invesco V.I.<br>Discovery Mid Cap<br>Growth** |
|  Net assets as of December 31, 2023 | $304337 | $67239 | $20807 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1601 | 385 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1843) | (194) | (265) |
|  Net investment income (loss) | (242) | 191 | (265) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 7509 | 6664 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 3420 | 5 | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 8904 | 9932 | 5452 |
|  Net gain (loss) on investments | 19833 | 16601 | 5481 |
|  Net increase (decrease) in net assets from operations | 19591 | 16792 | 5216 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (108615) |  | (21026) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (214927) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (386) |  | (40) |
|  Increase (decrease) in net assets from contract transactions | (323928) |  | (21066) |
|  Total increase (decrease) in net assets | (304337) | 16792 | (15850) |
|  Net assets as of December 31, 2024 | $— | $84031 | $4957 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 62 | 377 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (29) | (221) | (62) |
|  Net investment income (loss) | 33 | 156 | (62) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 457 | 6901 | 495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 1 | 19 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (33) | 6030 | (270) |
|  Net gain (loss) on investments | 425 | 12950 | 221 |
|  Net increase (decrease) in net assets from operations | 458 | 13106 | 159 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 15 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 4084 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (5) |  | (10) |
|  Increase (decrease) in net assets from contract transactions | 4094 |  | (10) |
|  Total increase (decrease) in net assets | 4552 | 13106 | 149 |
|  Net assets as of December 31, 2025 | $4552 | $97137 | $5106 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco V.I.<br>Equally-Weighted<br>S&P 500** | **Invesco V.I. Equity<br>and Income** | **Invesco V.I. EVQ<br>International<br>Equity Fund** |
|  Net assets as of December 31, 2023 | $16435 | $71190 | $232930 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 4262 | 377 | 3407 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (700) | (660) | (2546) |
|  Net investment income (loss) | 3562 | (283) | 861 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 7486 | 920 | 1180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 15371 | (595) | 1679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 1324 | 5862 | (4981) |
|  Net gain (loss) on investments | 24181 | 6187 | (2122) |
|  Net increase (decrease) in net assets from operations | 27743 | 5904 | (1261) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 269100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (295175) | (52874) | (24160) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 286 |  | 1515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (173) | (97) | (1094) |
|  Increase (decrease) in net assets from contract transactions | (25962) | (52971) | (23739) |
|  Total increase (decrease) in net assets | 1781 | (47067) | (25000) |
|  Net assets as of December 31, 2024 | $18216 | $24123 | $207930 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 4511 | 478 | 2562 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (967) | (314) | (2425) |
|  Net investment income (loss) | 3544 | 164 | 137 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 26081 | 1372 | 13979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 27 |  | 2941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 434 | 1141 | 13320 |
|  Net gain (loss) on investments | 26542 | 2513 | 30240 |
|  Net increase (decrease) in net assets from operations | 30086 | 2677 | 30377 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 295103 |  | 6863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  |  | (26984) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (8792) |  | (672) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (38) | (50) | (1075) |
|  Increase (decrease) in net assets from contract transactions | 286273 | (50) | (21868) |
|  Total increase (decrease) in net assets | 316359 | 2627 | 8509 |
|  Net assets as of December 31, 2025 | $334575 | $26750 | $216439 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco V.I. Global** | **Invesco V.I. Global<br>Real Estate** | **Invesco V.I. Global<br>Strategic Income** |
|  Net assets as of December 31, 2023 | $139596 | $32989 | $116994 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 482 | 3232 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (978) | (65) | (1398) |
|  Net investment income (loss) | (978) | 417 | 1834 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 9414 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 19 | (2883) | (2531) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 12546 | 1520 | 2414 |
|  Net gain (loss) on investments | 21979 | (1363) | (117) |
|  Net increase (decrease) in net assets from operations | 21001 | (946) | 1717 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (13225) | (17609) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | (639) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (624) | (11) | (371) |
|  Increase (decrease) in net assets from contract transactions | (624) | (13875) | (17980) |
|  Total increase (decrease) in net assets | 20377 | (14821) | (16263) |
|  Net assets as of December 31, 2024 | $159973 | $18168 | $100731 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 325 | 5786 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (940) | (46) | (1276) |
|  Net investment income (loss) | (940) | 279 | 4510 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 21617 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (7258) | (309) | (108) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (5122) | 1341 | 7076 |
|  Net gain (loss) on investments | 9237 | 1032 | 6968 |
|  Net increase (decrease) in net assets from operations | 8297 | 1311 | 11478 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (47054) | (1516) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (2258) | (504) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (423) |  | (365) |
|  Increase (decrease) in net assets from contract transactions | (49735) | (2020) | (365) |
|  Total increase (decrease) in net assets | (41438) | (709) | 11113 |
|  Net assets as of December 31, 2025 | $118535 | $17459 | $111844 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco V.I.<br>Government<br>Securities** | **Invesco V.I. Health<br>Care** | **Invesco V.I.<br>International<br>Growth Fund (a)** |
|  Net assets as of December 31, 2023 | $822 | $59667 | $147254 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 223 |  | 445 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (56) | (823) | (665) |
|  Net investment income (loss) | 167 | (823) | (220) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  | 7919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (111) | (33) | (1353) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 122 | 2398 | (8130) |
|  Net gain (loss) on investments | 11 | 2365 | (1564) |
|  Net increase (decrease) in net assets from operations | 178 | 1542 | (1784) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 11 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (292) |  | (27895) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (114) |  | (956) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (14) | (182) | (351) |
|  Increase (decrease) in net assets from contract transactions | (420) | (171) | (29202) |
|  Total increase (decrease) in net assets | (242) | 1371 | (30986) |
|  Net assets as of December 31, 2024 | $580 | $61038 | $116268 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 14 |  | 70 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (39) | (872) | (621) |
|  Net investment income (loss) | (25) | (872) | (551) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 2918 | 10362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 248 | (6885) | (930) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 7 | 8572 | 7878 |
|  Net gain (loss) on investments | 255 | 4605 | 17310 |
|  Net increase (decrease) in net assets from operations | 230 | 3733 | 16759 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 5641 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (247) | (5416) | (11788) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (50) | 4364 | (463) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (15) | (173) | (319) |
|  Increase (decrease) in net assets from contract transactions | (312) | 4416 | (12570) |
|  Total increase (decrease) in net assets | (82) | 8149 | 4189 |
|  Net assets as of December 31, 2025 | $498 | $69187 | $120457 |

---

(a) Name change. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Invesco V.I. Main<br>Street Mid Cap<br>Fund<sup>®</sup>** | **Invesco V.I. Main<br>Street Small Cap<br>Fund<sup>®</sup>** | **Invesco V.I. Small<br>Cap Equity** |
|  Net assets as of December 31, 2023 | $97246 | $277920 | $57715 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 115 |  |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1022) | (3484) | (524) |
|  Net investment income (loss) | (907) | (3484) | (524) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 2307 | 9859 | 2051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 702 | 5351 | (715) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 11700 | 17281 | 6250 |
|  Net gain (loss) on investments | 14709 | 32491 | 7586 |
|  Net increase (decrease) in net assets from operations | 13802 | 29007 | 7062 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 18 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (14256) | (29216) | (22627) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (1065) | (8436) | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (235) | (991) | (102) |
|  Increase (decrease) in net assets from contract transactions | (15556) | (38625) | (22741) |
|  Total increase (decrease) in net assets | (1754) | (9618) | (15679) |
|  Net assets as of December 31, 2024 | $95492 | $268302 | $42036 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 111 | 643 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1084) | (3418) | (537) |
|  Net investment income (loss) | (973) | (2775) | (537) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 10606 | 28599 | 2139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 490 | 1988 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (1985) | (8491) | 1105 |
|  Net gain (loss) on investments | 9111 | 22096 | 3260 |
|  Net increase (decrease) in net assets from operations | 8138 | 19321 | 2723 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 8579 | 8612 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (2935) | (12241) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (605) | 5750 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (215) | (966) | (40) |
|  Increase (decrease) in net assets from contract transactions | 4824 | 1155 | (40) |
|  Total increase (decrease) in net assets | 12962 | 20476 | 2683 |
|  Net assets as of December 31, 2025 | $108454 | $288778 | $44719 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Janus Henderson<br>VIT Enterprise** | **Janus Henderson<br>VIT Forty** | **Janus Henderson<br>VIT Overseas** |
|  Net assets as of December 31, 2023 | $300307 | $8690 | $330597 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 2024 | 8 | 4680 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3594) | (913) | (1429) |
|  Net investment income (loss) | (1570) | (905) | 3251 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 14336 | 4857 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 8146 | 215 | 724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 23566 | 10773 | 13037 |
|  Net gain (loss) on investments | 46048 | 15845 | 13761 |
|  Net increase (decrease) in net assets from operations | 44478 | 14940 | 17012 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 18 |  | 11040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (5157) | (2913) | (3508) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (46231) | 61600 | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (653) | (365) | (300) |
|  Increase (decrease) in net assets from contract transactions | (52023) | 58322 | 7225 |
|  Total increase (decrease) in net assets | (7545) | 73262 | 24237 |
|  Net assets as of December 31, 2024 | $292762 | $81952 | $354834 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 159 |  | 5521 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3165) | (2029) | (1610) |
|  Net investment income (loss) | (3006) | (2029) | 3911 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 28315 | 16736 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 3619 | 5758 | 1023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (8913) | 2029 | 96288 |
|  Net gain (loss) on investments | 23021 | 24523 | 97311 |
|  Net increase (decrease) in net assets from operations | 20015 | 22494 | 101222 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 36378 |  | 10163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (5204) | (19667) | (2131) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (43101) | 202926 | 3260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (690) | (800) | (334) |
|  Increase (decrease) in net assets from contract transactions | (12617) | 182459 | 10958 |
|  Total increase (decrease) in net assets | 7398 | 204953 | 112180 |
|  Net assets as of December 31, 2025 | $300160 | $286905 | $467014 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Janus Henderson<br>VIT Research** | **Lord Abbett Series<br>Bond-Debenture<br>VC** | **Lord Abbett Series<br>Developing Growth<br>VC** |
|  Net assets as of December 31, 2023 | $89924 | $393874 | $87470 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 19721 | 150 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (495) | (4157) | (841) |
|  Net investment income (loss) | (495) | 15564 | (691) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 3219 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 201 | (5424) | (848) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 27933 | 12042 | 19378 |
|  Net gain (loss) on investments | 31353 | 6618 | 18530 |
|  Net increase (decrease) in net assets from operations | 30858 | 22182 | 17839 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 30 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (20295) | (5915) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | (41768) | (1230) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (220) | (1078) | (274) |
|  Increase (decrease) in net assets from contract transactions | (220) | (63111) | (7419) |
|  Total increase (decrease) in net assets | 30638 | (40929) | 10420 |
|  Net assets as of December 31, 2024 | $120562 | $352945 | $97890 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 20691 | 186 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (550) | (4085) | (880) |
|  Net investment income (loss) | (550) | 16606 | (694) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 10240 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 7379 | (2413) | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 1965 | 10108 | 13576 |
|  Net gain (loss) on investments | 19584 | 7695 | 13579 |
|  Net increase (decrease) in net assets from operations | 19034 | 24301 | 12885 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 15 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (17028) | (2730) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (23429) | (4348) | (1066) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (234) | (1030) | (285) |
|  Increase (decrease) in net assets from contract transactions | (23663) | (22391) | (4081) |
|  Total increase (decrease) in net assets | (4629) | 1910 | 8804 |
|  Net assets as of December 31, 2025 | $115933 | $354855 | $106694 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Lord Abbett Series<br>Growth and<br>Income VC** | **Lord Abbett Series<br>Growth<br>Opportunities VC** | **LVIP American<br>Century<br>Disciplined Core<br>Value** |
|  Net assets as of December 31, 2023 | $95596 | $13544 | $191297 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 949 |  | 1247 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1352) | (36) | (556) |
|  Net investment income (loss) | (403) | (36) | 691 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 8237 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 209 | (2319) | (23573) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 10178 | 6735 | 38446 |
|  Net gain (loss) on investments | 18624 | 4416 | 14873 |
|  Net increase (decrease) in net assets from operations | 18221 | 4380 | 15564 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (17893) | (124438) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | (4) | (2023) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (595) | (27) | (176) |
|  Increase (decrease) in net assets from contract transactions | (595) | (17924) | (126637) |
|  Total increase (decrease) in net assets | 17626 | (13544) | (111073) |
|  Net assets as of December 31, 2024 | $113222 | $— | $80224 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 704 |  | 1221 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1499) | (33) | (205) |
|  Net investment income (loss) | (795) | (33) | 1016 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 13011 | 2191 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 255 | 9 | 260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 5397 | (976) | 9912 |
|  Net gain (loss) on investments | 18663 | 1224 | 10172 |
|  Net increase (decrease) in net assets from operations | 17868 | 1191 | 11188 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 22395 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (1436) | (3096) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | (5) | (1148) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (514) | (27) |  |
|  Increase (decrease) in net assets from contract transactions | (514) | 20927 | (4244) |
|  Total increase (decrease) in net assets | 17354 | 22118 | 6944 |
|  Net assets as of December 31, 2025 | $130576 | $22118 | $87168 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **LVIP American<br>Century Inflation<br>Protection** | **LVIP American<br>Century<br>International** | **LVIP American<br>Century Mid Cap<br>Value (b)** |
|  Net assets as of December 31, 2023 | $46445 | $51958 | $47700 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1719 | 424 | 1149 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (115) | (441) | (274) |
|  Net investment income (loss) | 1604 | (17) | 875 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  | 2271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (167) | (588) | 310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (859) | 1994 | 299 |
|  Net gain (loss) on investments | (1026) | 1406 | 2880 |
|  Net increase (decrease) in net assets from operations | 578 | 1389 | 3755 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (1133) |  | (3364) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 6 | (23095) | (1109) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (32) | (69) | (30) |
|  Increase (decrease) in net assets from contract transactions | (1159) | (23164) | (4503) |
|  Total increase (decrease) in net assets | (581) | (21775) | (748) |
|  Net assets as of December 31, 2024 | $45864 | $30183 | $46952 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 3444 | 366 | 8710 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (117) | (414) | (626) |
|  Net investment income (loss) | 3327 | (48) | 8084 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  | 43323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (180) | 14 | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (433) | 4369 | (41183) |
|  Net gain (loss) on investments | (613) | 4383 | 2220 |
|  Net increase (decrease) in net assets from operations | 2714 | 4335 | 10304 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 11399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (1127) |  | (3764) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 3 |  | 477732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (31) | (32) | (132) |
|  Increase (decrease) in net assets from contract transactions | (1155) | (32) | 485235 |
|  Total increase (decrease) in net assets | 1559 | 4303 | 495539 |
|  Net assets as of December 31, 2025 | $47423 | $34486 | $542491 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **LVIP American<br>Century Value** | **LVIP JPMorgan<br>Core Bond Fund** | **LVIP JPMorgan<br>Small Cap Core<br>Fund** |
|  Net assets as of December 31, 2023 | $59724 | $30491 | $51665 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1780 | 1232 | 371 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (451) | (374) | (694) |
|  Net investment income (loss) | 1329 | 858 | (323) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 3560 |  | 857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 59 | (281) | (29) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 134 | (523) | 4661 |
|  Net gain (loss) on investments | 3753 | (804) | 5489 |
|  Net increase (decrease) in net assets from operations | 5082 | 54 | 5166 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (1692) | (628) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | (583) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (127) | (22) | (262) |
|  Increase (decrease) in net assets from contract transactions | (127) | (2297) | (890) |
|  Total increase (decrease) in net assets | 4955 | (2243) | 4276 |
|  Net assets as of December 31, 2024 | $64679 | $28248 | $55941 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1042 | 631 | 236 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (486) | (336) | (688) |
|  Net investment income (loss) | 556 | 295 | (452) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 5393 |  | 4622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 76 | (789) | (87) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 3690 | 2088 | 613 |
|  Net gain (loss) on investments | 9159 | 1299 | 5148 |
|  Net increase (decrease) in net assets from operations | 9715 | 1594 | 4696 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (11322) | (2550) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | (400) | (354) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (140) | (18) | (263) |
|  Increase (decrease) in net assets from contract transactions | (140) | (11740) | (3167) |
|  Total increase (decrease) in net assets | 9575 | (10146) | 1529 |
|  Net assets as of December 31, 2025 | $74254 | $18102 | $57470 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **LVIP JPMorgan<br>US Equity Fund** | **MFS<sup>®</sup> VIT Global<br>Tactical Allocation** | **MFS<sup>®</sup> VIT II<br>Research<br>International** |
|  Net assets as of December 31, 2023 | $10151 | $74774 | $60862 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 67 |  | 740 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (169) | (399) | (756) |
|  Net investment income (loss) | (102) | (399) | (16) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 601 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 2 | (2607) | 955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 1794 | 4941 | (64) |
|  Net gain (loss) on investments | 2397 | 2334 | 891 |
|  Net increase (decrease) in net assets from operations | 2295 | 1935 | 875 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 300 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (32681) | (11702) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 7372 | (44268) | 5335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (27) | (60) | (118) |
|  Increase (decrease) in net assets from contract transactions | 7345 | (76709) | (6485) |
|  Total increase (decrease) in net assets | 9640 | (74774) | (5610) |
|  Net assets as of December 31, 2024 | $19791 | $— | $55252 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 56 |  | 797 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (259) |  | (772) |
|  Net investment income (loss) | (203) |  | 25 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 615 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 18 |  | 109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 2105 |  | 11038 |
|  Net gain (loss) on investments | 2738 |  | 11147 |
|  Net increase (decrease) in net assets from operations | 2535 |  | 11172 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (41) |  | (123) |
|  Increase (decrease) in net assets from contract transactions | (41) |  | (123) |
|  Total increase (decrease) in net assets | 2494 |  | 11049 |
|  Net assets as of December 31, 2025 | $22285 | $— | $66301 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **MFS<sup>®</sup> VIT<br>International<br>Intrinsic Value** | **MFS<sup>®</sup> VIT New<br>Discovery** | **MFS<sup>®</sup> VIT<br>Research** |
|  Net assets as of December 31, 2023 | $139081 | $322925 | $50029 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1719 |  | 203 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1334) | (1024) | (676) |
|  Net investment income (loss) | 385 | (1024) | (473) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 6688 |  | 3179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 744 | (23) | 746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 647 | 20903 | 4888 |
|  Net gain (loss) on investments | 8079 | 20880 | 8813 |
|  Net increase (decrease) in net assets from operations | 8464 | 19856 | 8340 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 24 | 11040 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (2564) | (3451) | (3661) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | (18) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (235) | (291) | (106) |
|  Increase (decrease) in net assets from contract transactions | (2775) | 7280 | (3767) |
|  Total increase (decrease) in net assets | 5689 | 27136 | 4573 |
|  Net assets as of December 31, 2024 | $144770 | $350061 | $54602 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 2239 |  | 85 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1467) | (849) | (686) |
|  Net investment income (loss) | 772 | (849) | (601) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 9575 |  | 13229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 2350 | 33736 | 541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 32618 | (2446) | (7324) |
|  Net gain (loss) on investments | 44543 | 31290 | 6446 |
|  Net increase (decrease) in net assets from operations | 45315 | 30441 | 5845 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 12 | 1044 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (3027) | (3908) | (3647) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (4234) | (314820) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (210) | (243) | (110) |
|  Increase (decrease) in net assets from contract transactions | (7459) | (317927) | (3757) |
|  Total increase (decrease) in net assets | 37856 | (287486) | 2088 |
|  Net assets as of December 31, 2025 | $182626 | $62575 | $56690 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **MFS<sup>®</sup> VIT Total<br>Return** | **MFS<sup>®</sup> VIT Total<br>Return Bond** | **MFS<sup>®</sup> VIT<br>Utilities** |
|  Net assets as of December 31, 2023 | $35289 | $— | $33418 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 850 |  | 719 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (464) |  | (369) |
|  Net investment income (loss) | 386 |  | 350 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 1822 |  | 1001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 32 |  | 228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (61) |  | 2209 |
|  Net gain (loss) on investments | 1793 |  | 3438 |
|  Net increase (decrease) in net assets from operations | 2179 |  | 3788 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (489) |  | (8804) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (74) |  | (82) |
|  Increase (decrease) in net assets from contract transactions | (563) |  | (8706) |
|  Total increase (decrease) in net assets | 1616 |  | (4918) |
|  Net assets as of December 31, 2024 | $36905 | $— | $28500 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 845 |  | 841 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (432) | (13) | (384) |
|  Net investment income (loss) | 413 | (13) | 457 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 2485 |  | 419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 149 |  | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 136 |  | 2870 |
|  Net gain (loss) on investments | 2770 |  | 3349 |
|  Net increase (decrease) in net assets from operations | 3183 | (13) | 3806 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (5699) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (15) | 23 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (68) | (10) | (78) |
|  Increase (decrease) in net assets from contract transactions | (5782) | 13 | 113 |
|  Total increase (decrease) in net assets | (2599) |  | 3919 |
|  Net assets as of December 31, 2025 | $34306 | $— | $32419 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Morningstar<br>Aggressive Growth<br>ETF Asset<br>Allocation Portfolio** | **Morningstar<br>Balanced ETF<br>Asset Allocation<br>Portfolio** | **Morningstar<br>Conservative ETF<br>Asset Allocation<br>Portfolio** |
|  Net assets as of December 31, 2023 | $24250 | $976981 | $774087 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 341 | 17649 | 17287 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (332) | (12292) | (9801) |
|  Net investment income (loss) | 9 | 5357 | 7486 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 395 | 9461 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 83 | 1965 | (9315) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 2695 | 68781 | 33764 |
|  Net gain (loss) on investments | 3173 | 80207 | 24449 |
|  Net increase (decrease) in net assets from operations | 3182 | 85564 | 31935 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 52231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (45754) | (102608) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | 89 | (860) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (118) | (3074) | (2392) |
|  Increase (decrease) in net assets from contract transactions | (118) | (48739) | (53629) |
|  Total increase (decrease) in net assets | 3064 | 36825 | (21694) |
|  Net assets as of December 31, 2024 | $27314 | $1013806 | $752393 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 17370 | 19730 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (167) | (11782) | (9345) |
|  Net investment income (loss) | (167) | 5588 | 10385 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 98226 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 7414 | 28573 | (15277) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (5354) | (9398) | 64595 |
|  Net gain (loss) on investments | 2060 | 117401 | 49318 |
|  Net increase (decrease) in net assets from operations | 1893 | 122989 | 59703 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 164195 | 234505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (29167) | (509282) | (286893) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 6 | 6989 | (5934) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (46) | (2811) | (1613) |
|  Increase (decrease) in net assets from contract transactions | (29207) | (340909) | (59935) |
|  Total increase (decrease) in net assets | (27314) | (217920) | (232) |
|  Net assets as of December 31, 2025 | $— | $795886 | $752161 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Morningstar<br>Growth ETF Asset<br>Allocation Portfolio** | **Morningstar<br>Income and<br>Growth ETF Asset<br>Allocation Portfolio** | **NAA All Cap<br>Value Series** |
|  Net assets as of December 31, 2023 | $272071 | $51754 | $119226 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 3964 | 1200 | 2035 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3481) | (460) | (1549) |
|  Net investment income (loss) | 483 | 740 | 486 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 5455 | 348 | 6449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 3117 | 93 | 167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 20350 | 2483 | 3513 |
|  Net gain (loss) on investments | 28922 | 2924 | 10129 |
|  Net increase (decrease) in net assets from operations | 29405 | 3664 | 10615 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (28540) | (829) | (346) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1035) | (65) | (553) |
|  Increase (decrease) in net assets from contract transactions | (29575) | (894) | (899) |
|  Total increase (decrease) in net assets | (170) | 2770 | 9716 |
|  Net assets as of December 31, 2024 | $271901 | $54524 | $128942 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 2857 | 1023 | 2003 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3087) | (433) | (1615) |
|  Net investment income (loss) | (230) | 590 | 388 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 14349 | 3595 | 29409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 17782 | 1696 | 107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 4647 | (207) | (15122) |
|  Net gain (loss) on investments | 36778 | 5084 | 14394 |
|  Net increase (decrease) in net assets from operations | 36548 | 5674 | 14782 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (99928) | (13290) | (348) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  | (332) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (821) | (58) | (535) |
|  Increase (decrease) in net assets from contract transactions | (100749) | (13348) | (1215) |
|  Total increase (decrease) in net assets | (64201) | (7674) | 13567 |
|  Net assets as of December 31, 2025 | $207700 | $46850 | $142509 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **NAA Large Cap<br>Value Series** | **NAA Large<br>Growth Series** | **NAA Mid Growth<br>Series** |
|  Net assets as of December 31, 2023 | $202387 | $57901 | $136912 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 3669 | 1844 | 1038 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2431) | (624) | (934) |
|  Net investment income (loss) | 1238 | 1220 | 104 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 15112 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 3492 | 69 | 23430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 4927 | 16584 | (9545) |
|  Net gain (loss) on investments | 23531 | 16653 | 13885 |
|  Net increase (decrease) in net assets from operations | 24769 | 17873 | 13989 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (47423) | (334) | (106284) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 36035 | 56 | (17421) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1320) | (137) | (126) |
|  Increase (decrease) in net assets from contract transactions | (12708) | (415) | (123831) |
|  Total increase (decrease) in net assets | 12061 | 17458 | (109842) |
|  Net assets as of December 31, 2024 | $214448 | $75359 | $27070 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 2937 | 1986 | 773 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2076) | (726) | (340) |
|  Net investment income (loss) | 861 | 1260 | 433 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 34134 | 16676 | 1191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 3229 | 201 | 164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (17150) | (6176) | (3221) |
|  Net gain (loss) on investments | 20213 | 10701 | (1866) |
|  Net increase (decrease) in net assets from operations | 21074 | 11961 | (1433) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (14599) | (320) | (191) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (5713) |  | 1923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1183) | (159) | (14) |
|  Increase (decrease) in net assets from contract transactions | (21495) | (479) | 1718 |
|  Total increase (decrease) in net assets | (421) | 11482 | 285 |
|  Net assets as of December 31, 2025 | $214027 | $86841 | $27355 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **NAA Small Cap<br>Value Series** | **NAA Smid-Cap<br>Value Series** | **NAA World Equity<br>Income Series** |
|  Net assets as of December 31, 2023 | $33052 | $44553 | $51357 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 381 | 613 | 1390 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (260) | (405) | (571) |
|  Net investment income (loss) | 121 | 208 | 819 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 1406 | 1250 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 7 | 29 | 943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 845 | 2092 | 3684 |
|  Net gain (loss) on investments | 2258 | 3371 | 4627 |
|  Net increase (decrease) in net assets from operations | 2379 | 3579 | 5446 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (2056) | (657) | (5856) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 57 |  | (595) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (112) | (156) | (156) |
|  Increase (decrease) in net assets from contract transactions | (2111) | (813) | (6607) |
|  Total increase (decrease) in net assets | 268 | 2766 | (1161) |
|  Net assets as of December 31, 2024 | $33320 | $47319 | $50196 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 323 | 537 | 967 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (236) | (411) | (544) |
|  Net investment income (loss) | 87 | 126 | 423 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 6038 | 11608 | 8100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (16) | 18 | 1339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (5358) | (8760) | (212) |
|  Net gain (loss) on investments | 664 | 2866 | 9227 |
|  Net increase (decrease) in net assets from operations | 751 | 2992 | 9650 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (2082) | (663) | (6221) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  | (549) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (104) | (156) | (150) |
|  Increase (decrease) in net assets from contract transactions | (2186) | (819) | (6920) |
|  Total increase (decrease) in net assets | (1435) | 2173 | 2730 |
|  Net assets as of December 31, 2025 | $31885 | $49492 | $52926 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Neuberger Berman<br>AMT Quality<br>Equity**<br>**Portfolio (a)** | **Nomura VIP Asset<br>Strategy Series (a)** | **Nomura VIP<br>Balanced Series (a)** |
|  Net assets as of December 31, 2023 | $316916 | $527396 | $35524 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1026 | 10601 | 503 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (5355) | (6929) | (488) |
|  Net investment income (loss) | (4329) | 3672 | 15 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 22099 | 21240 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 5060 | 486 | (96) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 70939 | 33720 | 5104 |
|  Net gain (loss) on investments | 98098 | 55446 | 5008 |
|  Net increase (decrease) in net assets from operations | 93769 | 59118 | 5023 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (11150) | (27880) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 85501 | (8) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1211) | (17) | (79) |
|  Increase (decrease) in net assets from contract transactions | 73140 | (27905) | (79) |
|  Total increase (decrease) in net assets | 166909 | 31213 | 4944 |
|  Net assets as of December 31, 2024 | $483825 | $558609 | $40468 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 7824 | 450 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (5718) | (7554) | (450) |
|  Net investment income (loss) | (5718) | 270 |  |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 29906 | 41056 | 1363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 31465 | 1056 | (795) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (415) | 42573 | 3082 |
|  Net gain (loss) on investments | 60956 | 84685 | 3650 |
|  Net increase (decrease) in net assets from operations | 55238 | 84955 | 3650 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (13204) |  | (8473) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (104029) |  | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (999) |  | (71) |
|  Increase (decrease) in net assets from contract transactions | (118232) |  | (8524) |
|  Total increase (decrease) in net assets | (62994) | 84955 | (4874) |
|  Net assets as of December 31, 2025 | $420831 | $643564 | $35594 |

---

(a) Name change. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Nomura VIP<br>Energy Series (a)** | **Nomura VIP<br>Global Growth<br>Series (a)** | **Nomura VIP<br>Growth Series (a)** |
|  Net assets as of December 31, 2023 | $35696 | $143993 | $46403 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 158 | 1480 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (86) | (1570) | (132) |
|  Net investment income (loss) | 72 | (90) | (132) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 1204 | 6721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 6074 | (4366) | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (6775) | 26283 | 4241 |
|  Net gain (loss) on investments | (701) | 23121 | 11027 |
|  Net increase (decrease) in net assets from operations | (629) | 23031 | 10895 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (29943) | (13694) | (542) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (164) | 10669 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (24) | (46) | (103) |
|  Increase (decrease) in net assets from contract transactions | (30131) | (3071) | (645) |
|  Total increase (decrease) in net assets | (30760) | 19960 | 10250 |
|  Net assets as of December 31, 2024 | $4936 | $163953 | $56653 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 50 | 342 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (67) | (1216) | (120) |
|  Net investment income (loss) | (17) | (874) | (120) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 18372 | 9779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 573 | (21779) | 2311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 538 | 29278 | (7618) |
|  Net gain (loss) on investments | 1111 | 25871 | 4472 |
|  Net increase (decrease) in net assets from operations | 1094 | 24997 | 4352 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (15) | (137545) | (600) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (559) | (1253) | (33074) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (13) | (44) | (111) |
|  Increase (decrease) in net assets from contract transactions | (587) | (138842) | (33785) |
|  Total increase (decrease) in net assets | 507 | (113845) | (29433) |
|  Net assets as of December 31, 2025 | $5443 | $50108 | $27220 |

---

(a) Name change. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Nomura VIP High<br>Income Series (a)** | **Nomura VIP<br>International Core<br>Equity Series (a)** | **Nomura VIP<br>Limited+Term<br>Bond Series (a)** |
|  Net assets as of December 31, 2023 | $48874 | $41612 | $483 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1532 | 500 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (121) | (519) |  |
|  Net investment income (loss) | 1411 | (19) |  |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 90 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (4289) | 14 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 4389 | 1039 | (8) |
|  Net gain (loss) on investments | 100 | 1143 |  |
|  Net increase (decrease) in net assets from operations | 1511 | 1124 |  |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (5019) | (3778) | (482) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (23021) | 4 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (9) | (82) |  |
|  Increase (decrease) in net assets from contract transactions | (28049) | (3856) | (483) |
|  Total increase (decrease) in net assets | (26538) | (2732) | (483) |
|  Net assets as of December 31, 2024 | $22336 | $38880 | $— |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1462 | 176 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (55) | (558) |  |
|  Net investment income (loss) | 1407 | (382) |  |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 9 | 2154 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (448) | 68 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 503 | 6932 |  |
|  Net gain (loss) on investments | 64 | 9154 |  |
|  Net increase (decrease) in net assets from operations | 1471 | 8772 |  |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (1817) | (214) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (620) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments |  | (90) |  |
|  Increase (decrease) in net assets from contract transactions | (2437) | (304) |  |
|  Total increase (decrease) in net assets | (966) | 8468 |  |
|  Net assets as of December 31, 2025 | $21370 | $47348 | $— |

---

(a) Name change. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Nomura VIP Mid<br>Cap Growth<br>Series (a)** | **Nomura VIP<br>Natural Resources<br>Series (a)** | **Nomura VIP<br>Science And<br>Technology<br>Series (a)** |
|  Net assets as of December 31, 2023 | $505181 | $3923 | $80713 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 220 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1996) | (50) | (796) |
|  Net investment income (loss) | (1996) | 170 | (796) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 15557 |  | 3819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 419 | 9 | 125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (5072) | (250) | 27548 |
|  Net gain (loss) on investments | 10904 | (241) | 31492 |
|  Net increase (decrease) in net assets from operations | 8908 | (71) | 30696 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 17640 |  | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (6869) |  | (7484) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 6375 |  | 33704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (378) | (20) | (330) |
|  Increase (decrease) in net assets from contract transactions | 16768 | (20) | 26890 |
|  Total increase (decrease) in net assets | 25676 | (91) | 57586 |
|  Net assets as of December 31, 2024 | $530857 | $3832 | $138299 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  |  |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1513) | (54) | (901) |
|  Net investment income (loss) | (1513) | (54) | (901) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 124468 |  | 24559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (66800) | 15 | 11655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (29982) | 1417 | 11312 |
|  Net gain (loss) on investments | 27686 | 1432 | 47526 |
|  Net increase (decrease) in net assets from operations | 26173 | 1378 | 46625 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 38004 |  | 28623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (21985) |  | (9000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (481340) |  | (47316) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (291) | (23) | (324) |
|  Increase (decrease) in net assets from contract transactions | (465612) | (23) | (28017) |
|  Total increase (decrease) in net assets | (439439) | 1355 | 18608 |
|  Net assets as of December 31, 2025 | $91418 | $5187 | $156907 |

---

(a) Name change. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Nomura VIP Small<br>Cap Growth**<br>**Series (a)** | **Nomura VIP Smid<br>Cap Core**<br>**Series (a)** | **PIMCO VIT All<br>Asset** |
|  Net assets as of December 31, 2023 | $54908 | $27683 | $51138 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 88 | 2955 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (752) | (72) | (398) |
|  Net investment income (loss) | (752) | 16 | 2557 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 49 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (640) | (3650) | (3087) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 8431 | 4767 | 2495 |
|  Net gain (loss) on investments | 7791 | 1166 | (592) |
|  Net increase (decrease) in net assets from operations | 7039 | 1182 | 1965 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 480 |  | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (1573) | (25433) | (25687) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | (21) | (43) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (120) | (32) | (71) |
|  Increase (decrease) in net assets from contract transactions | (1213) | (25486) | (25765) |
|  Total increase (decrease) in net assets | 5826 | (24304) | (23800) |
|  Net assets as of December 31, 2024 | $60734 | $3379 | $27338 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 5 | 1535 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (814) | (42) | (340) |
|  Net investment income (loss) | (814) | (37) | 1195 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 142 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (203) | (6) | (1926) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 12085 | 138 | 2684 |
|  Net gain (loss) on investments | 11882 | 274 | 758 |
|  Net increase (decrease) in net assets from operations | 11068 | 237 | 1953 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 480 |  | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (234) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 13921 |  | (3788) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (151) | (6) | (61) |
|  Increase (decrease) in net assets from contract transactions | 14016 | (6) | (3831) |
|  Total increase (decrease) in net assets | 25084 | 231 | (1878) |
|  Net assets as of December 31, 2025 | $85818 | $3610 | $25460 |

---

(a) Name change. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **PIMCO VIT<br>CommodityRealRe**<br>**turn Strategy** | **PIMCO VIT<br>Emerging Markets<br>Bond** | **PIMCO VIT<br>Global Bond<br>Opportunities<br>Portfolio<br>(Unhedged)** |
|  Net assets as of December 31, 2023 | $201530 | $244305 | $24155 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 3984 | 15488 | 248 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1201) | (834) | (54) |
|  Net investment income (loss) | 2783 | 14654 | 194 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (59673) | (2863) | (4675) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 63130 | 4873 | 4011 |
|  Net gain (loss) on investments | 3457 | 2010 | (664) |
|  Net increase (decrease) in net assets from operations | 6240 | 16664 | (470) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 44060 | 11040 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (5442) | (6176) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (114539) | (10329) | (18358) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (229) | (175) | (16) |
|  Increase (decrease) in net assets from contract transactions | (76150) | (5640) | (18374) |
|  Total increase (decrease) in net assets | (69910) | 11024 | (18844) |
|  Net assets as of December 31, 2024 | $131620 | $255329 | $5311 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 3890 | 18556 | 251 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (424) | (884) | (14) |
|  Net investment income (loss) | 3466 | 17672 | 237 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (228) | (750) | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 20599 | 20336 | 425 |
|  Net gain (loss) on investments | 20371 | 19586 | 419 |
|  Net increase (decrease) in net assets from operations | 23837 | 37258 | 656 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 8232 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (2724) | (6909) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 38 | (1361) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (139) | (206) | (11) |
|  Increase (decrease) in net assets from contract transactions | (2825) | (244) | (11) |
|  Total increase (decrease) in net assets | 21012 | 37014 | 645 |
|  Net assets as of December 31, 2025 | $152632 | $292343 | $5956 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **PIMCO VIT High<br>Yield** | **PIMCO VIT<br>International Bond<br>Portfolio<br>(Unhedged)** | **PIMCO VIT Low<br>Duration<br>Administrative** |
|  Net assets as of December 31, 2023 | $2330 | $103331 | $418616 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 38 | 1993 | 26185 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2) | (310) | (9230) |
|  Net investment income (loss) | 36 | 1683 | 16955 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (209) | (7088) | (395) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 157 | 2510 | 8528 |
|  Net gain (loss) on investments | (52) | (4578) | 8133 |
|  Net increase (decrease) in net assets from operations | (16) | (2895) | 25088 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (2321) | (3180) | (18272) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 10 | (42150) | 370706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (3) | (51) | (4619) |
|  Increase (decrease) in net assets from contract transactions | (2314) | (45381) | 347815 |
|  Total increase (decrease) in net assets | (2330) | (48276) | 372903 |
|  Net assets as of December 31, 2024 | $— | $55055 | $791519 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 1995 | 11895 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges |  | (296) | (4266) |
|  Net investment income (loss) |  | 1699 | 7629 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments |  | (634) | 9937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) |  | 4133 | (4429) |
|  Net gain (loss) on investments |  | 3499 | 5508 |
|  Net increase (decrease) in net assets from operations |  | 5198 | 13137 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 2156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (2868) | (673853) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | 3538 | 9461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments |  | (50) | (1614) |
|  Increase (decrease) in net assets from contract transactions |  | 620 | (663850) |
|  Total increase (decrease) in net assets |  | 5818 | (650713) |
|  Net assets as of December 31, 2025 | $— | $60873 | $140806 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **PIMCO VIT Low<br>Duration Advisor** | **PIMCO VIT Real<br>Return<br>Administrative** | **PIMCO VIT Real<br>Return Advisor** |
|  Net assets as of December 31, 2023 | $279207 | $243403 | $260923 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 10873 | 6370 | 7745 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2858) | (3478) | (1216) |
|  Net investment income (loss) | 8015 | 2892 | 6529 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (535) | (2190) | (4275) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 1662 | 731 | 4807 |
|  Net gain (loss) on investments | 1127 | (1459) | 532 |
|  Net increase (decrease) in net assets from operations | 9142 | 1433 | 7061 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 126 |  | 84731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (4734) | (10204) | (24559) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 5 | 16683 | (171377) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (391) | (747) | (371) |
|  Increase (decrease) in net assets from contract transactions | (4994) | 5732 | (111576) |
|  Total increase (decrease) in net assets | 4148 | 7165 | (104515) |
|  Net assets as of December 31, 2024 | $283355 | $250568 | $156408 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 10874 | 8232 | 6427 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2871) | (3477) | (1295) |
|  Net investment income (loss) | 8003 | 4755 | 5132 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (669) | (4413) | (4110) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 4722 | 14734 | 10671 |
|  Net gain (loss) on investments | 4053 | 10321 | 6561 |
|  Net increase (decrease) in net assets from operations | 12056 | 15076 | 11693 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 63 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (765) | (13596) | (2389) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (11208) | (10159) | (423) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (385) | (767) | (369) |
|  Increase (decrease) in net assets from contract transactions | (12295) | (24522) | (3181) |
|  Total increase (decrease) in net assets | (239) | (9446) | 8512 |
|  Net assets as of December 31, 2025 | $283116 | $241122 | $164920 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **PIMCO VIT<br>Short-Term** | **PIMCO VIT Total<br>Return<br>Administrative** | **PIMCO VIT Total<br>Return Advisor** |
|  Net assets as of December 31, 2023 | $681601 | $364407 | $502675 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 32753 | 14336 | 18732 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3587) | (5024) | (4514) |
|  Net investment income (loss) | 29166 | 9312 | 14218 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 241 | (8111) | (10181) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 5559 | 1826 | 2986 |
|  Net gain (loss) on investments | 5800 | (6285) | (7195) |
|  Net increase (decrease) in net assets from operations | 34966 | 3027 | 7023 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (11943) | (46020) | (29170) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (69892) | 28525 | (30109) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (2092) | (1878) | (910) |
|  Increase (decrease) in net assets from contract transactions | (83927) | (19373) | (60189) |
|  Total increase (decrease) in net assets | (48961) | (16346) | (53166) |
|  Net assets as of December 31, 2024 | $632640 | $348061 | $449509 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 29534 | 13101 | 18576 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3631) | (4490) | (4289) |
|  Net investment income (loss) | 25903 | 8611 | 14287 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 551 | (9995) | (1540) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 417 | 24135 | 22068 |
|  Net gain (loss) on investments | 968 | 14140 | 20528 |
|  Net increase (decrease) in net assets from operations | 26871 | 22751 | 34815 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 2826 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (14068) | (67070) | (6702) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 28067 | (1965) | (935) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (2103) | (1817) | (890) |
|  Increase (decrease) in net assets from contract transactions | 11896 | (68026) | (8527) |
|  Total increase (decrease) in net assets | 38767 | (45275) | 26288 |
|  Net assets as of December 31, 2025 | $671407 | $302786 | $475797 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Putnam VT Core<br>Equity Fund** | **Putnam VT Large<br>Cap Growth Fund** | **Putnam VT Large<br>Cap Value** |
|  Net assets as of December 31, 2023 | $— | $364775 | $582137 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  |  | 7046 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (16) | (4975) | (4497) |
|  Net investment income (loss) | (16) | (4975) | 2549 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 17822 | 28677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments |  | 11587 | 14882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (2300) | 90438 | 61573 |
|  Net gain (loss) on investments | (2300) | 119847 | 105132 |
|  Net increase (decrease) in net assets from operations | (2316) | 114872 | 107681 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (42369) | (35708) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 94406 | (607) | 162216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (18) | (1435) | (950) |
|  Increase (decrease) in net assets from contract transactions | 94388 | (44411) | 125588 |
|  Total increase (decrease) in net assets | 92072 | 70461 | 233269 |
|  Net assets as of December 31, 2024 | $92072 | $435236 | $815406 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 389 |  | 12059 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (305) | (5681) | (4760) |
|  Net investment income (loss) | 84 | (5681) | 7299 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 8153 | 42776 | 57683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (24258) | 2755 | 39595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 2300 | 18439 | (32664) |
|  Net gain (loss) on investments | (13805) | 63970 | 64614 |
|  Net increase (decrease) in net assets from operations | (13721) | 58289 | 71913 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 19473 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (1916) | (255911) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (78306) | (583) | (133019) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (45) | (1623) | (770) |
|  Increase (decrease) in net assets from contract transactions | (78351) | 15351 | (389685) |
|  Total increase (decrease) in net assets | (92072) | 73640 | (317772) |
|  Net assets as of December 31, 2025 | $— | $508876 | $497634 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Putnam VT Small<br>Cap Growth** | **Rydex VIF<br>Banking** | **Rydex VIF Basic<br>Materials** |
|  Net assets as of December 31, 2023 | $29325 | $63183 | $143181 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 1737 | 1143 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (429) | (861) | (1536) |
|  Net investment income (loss) | (429) | 876 | (393) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 98 | 318 | 11258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 6716 | 12274 | (14054) |
|  Net gain (loss) on investments | 6814 | 12592 | (2796) |
|  Net increase (decrease) in net assets from operations | 6385 | 13468 | (3189) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (579) | (46793) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  | 5014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (136) | (279) | (402) |
|  Increase (decrease) in net assets from contract transactions | (136) | (858) | (42181) |
|  Total increase (decrease) in net assets | 6249 | 12610 | (45370) |
|  Net assets as of December 31, 2024 | $35574 | $75793 | $97811 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 134 | 521 | 1724 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (692) | (1008) | (1389) |
|  Net investment income (loss) | (558) | (487) | 335 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 2324 |  | 9590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 118 | 917 | 2926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (790) | 16170 | 20714 |
|  Net gain (loss) on investments | 1652 | 17087 | 33230 |
|  Net increase (decrease) in net assets from operations | 1094 | 16600 | 33565 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 6839 |  | 15428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (226) | (1496) | (7023) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 318028 |  | (1515) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (205) | (296) | (386) |
|  Increase (decrease) in net assets from contract transactions | 324436 | (1792) | 6504 |
|  Total increase (decrease) in net assets | 325530 | 14808 | 40069 |
|  Net assets as of December 31, 2025 | $361104 | $90601 | $137880 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF<br>Biotechnology** | **Rydex VIF<br>Commodities<br>Strategy** | **Rydex VIF<br>Consumer<br>Products** |
|  Net assets as of December 31, 2023 | $198091 | $49118 | $57603 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 2099 | 851 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2331) | (639) | (723) |
|  Net investment income (loss) | (2331) | 1460 | 128 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 18438 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (399) | 283 | 175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (21235) | 1263 | 1418 |
|  Net gain (loss) on investments | (3196) | 1546 | 1593 |
|  Net increase (decrease) in net assets from operations | (5527) | 3006 | 1721 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 13563 |  | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (5936) | (4125) | (4304) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 1317 | (3270) | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (651) | (262) | (143) |
|  Increase (decrease) in net assets from contract transactions | 8293 | (7657) | (4436) |
|  Total increase (decrease) in net assets | 2766 | (4651) | (2715) |
|  Net assets as of December 31, 2024 | $200857 | $44467 | $54888 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 2057 | 716 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2322) | (598) | (637) |
|  Net investment income (loss) | (2322) | 1459 | 79 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 9788 |  | 4008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (687) | 482 | 606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 49885 | (215) | (6870) |
|  Net gain (loss) on investments | 58986 | 267 | (2256) |
|  Net increase (decrease) in net assets from operations | 56664 | 1726 | (2177) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 3 |  | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (3518) | (3167) | (4945) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (517) | 7821 | (2988) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (651) | (214) | (123) |
|  Increase (decrease) in net assets from contract transactions | (4683) | 4440 | (8044) |
|  Total increase (decrease) in net assets | 51981 | 6166 | (10221) |
|  Net assets as of December 31, 2025 | $252838 | $50633 | $44667 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF Dow 2x<br>Strategy (b)** | **Rydex VIF<br>Electronics** | **Rydex VIF Energy** |
|  Net assets as of December 31, 2023 | $92542 | $213807 | $118406 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1126 |  | 3373 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1278) | (2918) | (1263) |
|  Net investment income (loss) | (152) | (2918) | 2110 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 2924 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 1250 | 29556 | 4546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 16191 | 5802 | (8326) |
|  Net gain (loss) on investments | 17441 | 38282 | (3780) |
|  Net increase (decrease) in net assets from operations | 17289 | 35364 | (1670) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 16946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (2979) | (37094) | (3772) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | (3777) | (334) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (249) | (1202) | (360) |
|  Increase (decrease) in net assets from contract transactions | (3228) | (42073) | 12480 |
|  Total increase (decrease) in net assets | 14061 | (6709) | 10810 |
|  Net assets as of December 31, 2024 | $106603 | $207098 | $129216 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 888 |  | 2496 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1177) | (2978) | (1140) |
|  Net investment income (loss) | (289) | (2978) | 1356 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 82871 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 6092 | 2845 | 867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 10569 | (1334) | 6465 |
|  Net gain (loss) on investments | 16661 | 84382 | 7332 |
|  Net increase (decrease) in net assets from operations | 16372 | 81404 | 8688 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (16472) | (1352) | (1294) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (13) |  | (2549) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (121) | (1274) | (324) |
|  Increase (decrease) in net assets from contract transactions | (16606) | (2626) | (4167) |
|  Total increase (decrease) in net assets | (234) | 78778 | 4521 |
|  Net assets as of December 31, 2025 | $106369 | $285876 | $133737 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF Energy<br>Services** | **Rydex VIF Europe<br>1.25x Strategy (b)** | **Rydex VIF<br>Financial Services** |
|  Net assets as of December 31, 2023 | $24994 | $27 | $49918 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 2 | 498 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (259) |  | (717) |
|  Net investment income (loss) | (259) | 2 | (219) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  | 219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (3250) |  | 97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 2184 | (3) | 10194 |
|  Net gain (loss) on investments | (1066) | (3) | 10510 |
|  Net increase (decrease) in net assets from operations | (1325) | (1) | 10291 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (7328) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 17 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (80) |  | (287) |
|  Increase (decrease) in net assets from contract transactions | (7391) |  | (287) |
|  Total increase (decrease) in net assets | (8716) | (1) | 10004 |
|  Net assets as of December 31, 2024 | $16278 | $26 | $59922 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 10 |  | 166 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (191) |  | (399) |
|  Net investment income (loss) | (181) |  | (233) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  | 666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (247) |  | 5792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 478 | 9 | (3256) |
|  Net gain (loss) on investments | 231 | 9 | 3202 |
|  Net increase (decrease) in net assets from operations | 50 | 9 | 2969 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (101) |  | (31108) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (63) |  | (214) |
|  Increase (decrease) in net assets from contract transactions | (164) |  | (31322) |
|  Total increase (decrease) in net assets | (114) | 9 | (28353) |
|  Net assets as of December 31, 2025 | $16164 | $35 | $31569 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF<br>Government Long<br>Bond 1.2x<br>Strategy (b)** | **Rydex VIF Health<br>Care** | **Rydex VIF<br>Internet** |
|  Net assets as of December 31, 2023 | $19682 | $155255 | $142795 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 284 |  |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (115) | (2004) | (1772) |
|  Net investment income (loss) | 169 | (2004) | (1772) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 4306 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (4248) | 1350 | (1772) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 2376 | (5178) | 32502 |
|  Net gain (loss) on investments | (1872) | 478 | 30730 |
|  Net increase (decrease) in net assets from operations | (1703) | (1526) | 28958 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (459) | (3928) | (27456) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (10657) | 6 | 518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (8) | (741) | (712) |
|  Increase (decrease) in net assets from contract transactions | (11124) | (4663) | (27650) |
|  Total increase (decrease) in net assets | (12827) | (6189) | 1308 |
|  Net assets as of December 31, 2024 | $6855 | $149066 | $144103 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 220 |  |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (88) | (1843) | (2033) |
|  Net investment income (loss) | 132 | (1843) | (2033) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 16236 | 17847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (211) | 1448 | 615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 116 | 2018 | 9485 |
|  Net gain (loss) on investments | (95) | 19702 | 27947 |
|  Net increase (decrease) in net assets from operations | 37 | 17859 | 25914 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 10812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (374) | (8581) | (2423) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (157) | (1707) | (204) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (7) | (636) | (814) |
|  Increase (decrease) in net assets from contract transactions | (538) | (10924) | 7371 |
|  Total increase (decrease) in net assets | (501) | 6935 | 33285 |
|  Net assets as of December 31, 2025 | $6354 | $156001 | $177388 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF Inverse<br>Government Long<br>Bond Strategy** | **Rydex VIF Inverse<br>Mid-Cap Strategy** | **Rydex VIF Inverse<br>NASDAQ-100<sup>®</sup><br>Strategy** |
|  Net assets as of December 31, 2023 | $3750 | $13495 | $13850 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1 |  |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3) | (12) | (12) |
|  Net investment income (loss) | (2) | (12) | (12) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 681 | (2266) | (2475) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (167) | 1814 | 1578 |
|  Net gain (loss) on investments | 514 | (452) | (897) |
|  Net increase (decrease) in net assets from operations | 512 | (464) | (909) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (4224) | (60) | (59) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (33) | (12962) | (12873) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (5) | (9) | (9) |
|  Increase (decrease) in net assets from contract transactions | (4262) | (13031) | (12941) |
|  Total increase (decrease) in net assets | (3750) | (13495) | (13850) |
|  Net assets as of December 31, 2024 | $— | $— | $— |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1 |  |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (37) |  |  |
|  Net investment income (loss) | (36) |  |  |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 178 |  | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) |  |  |  |
|  Net gain (loss) on investments | 178 |  | (7) |
|  Net increase (decrease) in net assets from operations | 142 |  | (7) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (45) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (94) |  | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (3) |  |  |
|  Increase (decrease) in net assets from contract transactions | (142) |  | 7 |
|  Total increase (decrease) in net assets |  |  |  |
|  Net assets as of December 31, 2025 | $— | $— | $— |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF Inverse<br>Russell 2000<sup>®</sup><br>Strategy (b)** | **Rydex VIF Inverse<br>S&P 500 Strategy<br>(b)** | **Rydex VIF Japan<br>2x Strategy (b)** |
|  Net assets as of December 31, 2023 | $13394 | $3359 | $51609 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 30 | 371 | 1954 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (18) | (8) | (707) |
|  Net investment income (loss) | 12 | 363 | 1247 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (2379) | (23) | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 2348 | (789) | (1370) |
|  Net gain (loss) on investments | (31) | (812) | (1356) |
|  Net increase (decrease) in net assets from operations | (19) | (449) | (109) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (59) |  | (114) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (12887) | (26) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (40) | (6) | (152) |
|  Increase (decrease) in net assets from contract transactions | (12986) | (32) | (268) |
|  Total increase (decrease) in net assets | (13005) | (481) | (377) |
|  Net assets as of December 31, 2024 | $389 | $2878 | $51232 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 11 | 247 | 2540 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (5) | (7) | (766) |
|  Net investment income (loss) | 6 | 240 | 1774 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (42) | (10) | 85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (1) | (578) | 23510 |
|  Net gain (loss) on investments | (43) | (588) | 23595 |
|  Net increase (decrease) in net assets from operations | (37) | (348) | 25369 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  |  | (119) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (4) | 5 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (31) | (6) | (167) |
|  Increase (decrease) in net assets from contract transactions | (35) | (1) | (288) |
|  Total increase (decrease) in net assets | (72) | (349) | 25081 |
|  Net assets as of December 31, 2025 | $317 | $2529 | $76313 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF Leisure** | **Rydex VIF Mid-**<br>**Cap 1.5x<br>Strategy (b)** | **Rydex VIF Money<br>Market** |
|  Net assets as of December 31, 2023 | $49584 | $64077 | $3120786 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 30 | 431 | 170038 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (664) | (886) | (47261) |
|  Net investment income (loss) | (634) | (455) | 122777 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  | 1350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 72 | (123) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 8000 | 9411 |  |
|  Net gain (loss) on investments | 8072 | 9288 | 1350 |
|  Net increase (decrease) in net assets from operations | 7438 | 8833 | 124127 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 528270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (614) | (288125) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  | 1856320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (154) | (184) | (15631) |
|  Increase (decrease) in net assets from contract transactions | (154) | (798) | 2080834 |
|  Total increase (decrease) in net assets | 7284 | 8035 | 2204961 |
|  Net assets as of December 31, 2024 | $56868 | $72112 | $5325747 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 336 | 147035 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (755) | (881) | (57292) |
|  Net investment income (loss) | (755) | (545) | 89743 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 232 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 203 | (44) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 4603 | 3039 | 1 |
|  Net gain (loss) on investments | 4806 | 3227 | 1 |
|  Net increase (decrease) in net assets from operations | 4051 | 2682 | 89744 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 8453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (1210) | (607770) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  | 93625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (174) | (175) | (18575) |
|  Increase (decrease) in net assets from contract transactions | (174) | (1385) | (524267) |
|  Total increase (decrease) in net assets | 3877 | 1297 | (434523) |
|  Net assets as of December 31, 2025 | $60745 | $73409 | $4891224 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF<br>NASDAQ-100<sup>®</sup>** | **Rydex VIF<br>NASDAQ-100<sup>®</sup> 2x<br>Strategy (b)** | **Rydex VIF<br>Nova (b)** |
|  Net assets as of December 31, 2023 | $243288 | $7909 | $35329 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 505 |  |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2210) | (122) | (503) |
|  Net investment income (loss) | (1705) | (122) | (503) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 4676 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 33421 | 216 | 1654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 17742 | 2990 | 9211 |
|  Net gain (loss) on investments | 55839 | 3206 | 10865 |
|  Net increase (decrease) in net assets from operations | 54134 | 3084 | 10362 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 6 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (67613) | (561) | (3026) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (3923) |  | 1676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (656) | (52) | (157) |
|  Increase (decrease) in net assets from contract transactions | (72186) | (613) | (1507) |
|  Total increase (decrease) in net assets | (18052) | 2471 | 8855 |
|  Net assets as of December 31, 2024 | $225236 | $10380 | $44184 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 81 |  |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2272) | (181) | (551) |
|  Net investment income (loss) | (2191) | (181) | (551) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 14705 | 1146 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 16114 | 338 | 3122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 14960 | 2881 | 4372 |
|  Net gain (loss) on investments | 45779 | 4365 | 7494 |
|  Net increase (decrease) in net assets from operations | 43588 | 4184 | 6943 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 33266 | 18 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (9092) | (651) | (2961) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (3470) | 4903 | (2550) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (685) | (62) | (165) |
|  Increase (decrease) in net assets from contract transactions | 20019 | 4208 | (5676) |
|  Total increase (decrease) in net assets | 63607 | 8392 | 1267 |
|  Net assets as of December 31, 2025 | $288843 | $18772 | $45451 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF<br>Precious Metals** | **Rydex VIF Real<br>Estate** | **Rydex VIF<br>Retailing** |
|  Net assets as of December 31, 2023 | $134533 | $71373 | $53472 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 2013 | 927 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1780) | (946) | (490) |
|  Net investment income (loss) | 233 | (19) | (490) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 6250 | 234 | 3940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 5155 | 2014 | 2960 |
|  Net gain (loss) on investments | 11405 | 2248 | 6900 |
|  Net increase (decrease) in net assets from operations | 11638 | 2229 | 6410 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 204 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (16162) | (3472) | (27565) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (2792) | 6259 | (312) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (590) | (290) | (136) |
|  Increase (decrease) in net assets from contract transactions | (19340) | 2497 | (28013) |
|  Total increase (decrease) in net assets | (7702) | 4726 | (21603) |
|  Net assets as of December 31, 2024 | $126831 | $76099 | $31869 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 4776 | 1138 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2627) | (899) | (425) |
|  Net investment income (loss) | 2149 | 239 | (425) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  | 607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 4299 | 837 | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 177803 | 486 | 2632 |
|  Net gain (loss) on investments | 182102 | 1323 | 3260 |
|  Net increase (decrease) in net assets from operations | 184251 | 1562 | 2835 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 213 |  | 355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (1313) | (11024) | (36) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 3419 | (6346) | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (889) | (272) | (125) |
|  Increase (decrease) in net assets from contract transactions | 1430 | (17642) | 187 |
|  Total increase (decrease) in net assets | 185681 | (16080) | 3022 |
|  Net assets as of December 31, 2025 | $312512 | $60019 | $34891 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF Russell<br>2000<sup>®</sup> 1.5x<br>Strategy (b)** | **Rydex VIF Russell<br>2000<sup>®</sup> 2x**<br>**Strategy (b)** | **Rydex VIF S&P<br>500 2x Strategy (b)** |
|  Net assets as of December 31, 2023 | $313 | $244 | $205278 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 3 | 1 | 1641 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (4) | (4) | (3205) |
|  Net investment income (loss) | (1) | (3) | (1564) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (94) | (1) | 3007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 107 | 20 | 80951 |
|  Net gain (loss) on investments | 13 | 21 | 83958 |
|  Net increase (decrease) in net assets from operations | 12 | 18 | 82394 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (69) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 879 | 2 | (90) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (6) | (1) | (857) |
|  Increase (decrease) in net assets from contract transactions | 804 | 1 | (947) |
|  Total increase (decrease) in net assets | 816 | 19 | 81447 |
|  Net assets as of December 31, 2024 | $1129 | $263 | $286725 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 4 | 14 | 304 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (4) | (3) | (3835) |
|  Net investment income (loss) |  | 11 | (3531) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (119) | (1) | 3225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 58 | 18 | 68782 |
|  Net gain (loss) on investments | (61) | 17 | 72007 |
|  Net increase (decrease) in net assets from operations | (61) | 28 | 68476 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (68) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (779) |  | 3215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (2) | (2) | (844) |
|  Increase (decrease) in net assets from contract transactions | (849) | (2) | 2383 |
|  Total increase (decrease) in net assets | (910) | 26 | 70859 |
|  Net assets as of December 31, 2025 | $219 | $289 | $357584 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF S&P<br>500 Pure Growth** | **Rydex VIF S&P<br>500 Pure Value** | **Rydex VIF S&P<br>MidCap 400 Pure<br>Growth** |
|  Net assets as of December 31, 2023 | $139488 | $537910 | $152500 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 94 | 7477 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2011) | (4709) | (1706) |
|  Net investment income (loss) | (1917) | 2768 | (1706) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 656 |  | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (574) | 7092 | 577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 36194 | 42653 | 22143 |
|  Net gain (loss) on investments | 36276 | 49745 | 22733 |
|  Net increase (decrease) in net assets from operations | 34359 | 52513 | 21027 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (7372) | (24466) | (2846) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 4593 | 4788 | 710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (709) | (2107) | (264) |
|  Increase (decrease) in net assets from contract transactions | (3488) | (21785) | (2400) |
|  Total increase (decrease) in net assets | 30871 | 30728 | 18627 |
|  Net assets as of December 31, 2024 | $170359 | $568638 | $171127 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 7233 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2227) | (4856) | (1294) |
|  Net investment income (loss) | (2227) | 2377 | (1294) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 18843 | 28349 | 9370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 2596 | 16395 | (561) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (3371) | 35770 | 1810 |
|  Net gain (loss) on investments | 18068 | 80514 | 10619 |
|  Net increase (decrease) in net assets from operations | 15841 | 82891 | 9325 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 6569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (3266) | (51266) | (98994) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (1261) | 12877 | (15262) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (735) | (2100) | (237) |
|  Increase (decrease) in net assets from contract transactions | (5262) | (40489) | (107924) |
|  Total increase (decrease) in net assets | 10579 | 42402 | (98599) |
|  Net assets as of December 31, 2025 | $180938 | $611040 | $72528 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF S&P<br>MidCap 400 Pure<br>Value** | **Rydex VIF S&P<br>SmallCap 600 Pure<br>Growth** | **Rydex VIF S&P<br>SmallCap 600 Pure<br>Value** |
|  Net assets as of December 31, 2023 | $197873 | $32749 | $61875 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 147 |  |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1906) | (307) | (740) |
|  Net investment income (loss) | (1759) | (307) | (740) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 9132 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 1041 | (261) | 1319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (2050) | 1954 | 481 |
|  Net gain (loss) on investments | 8123 | 1693 | 1800 |
|  Net increase (decrease) in net assets from operations | 6364 | 1386 | 1060 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (6049) | (19545) | (6141) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (3) | 340 | (360) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (664) | (54) | (54) |
|  Increase (decrease) in net assets from contract transactions | (6716) | (19259) | (6555) |
|  Total increase (decrease) in net assets | (352) | (17873) | (5495) |
|  Net assets as of December 31, 2024 | $197521 | $14876 | $56380 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 245 |  |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1868) | (197) | (698) |
|  Net investment income (loss) | (1623) | (197) | (698) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 20044 |  | 1684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 2849 | 19 | 2624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (11126) | 1237 | (493) |
|  Net gain (loss) on investments | 11767 | 1256 | 3815 |
|  Net increase (decrease) in net assets from operations | 10144 | 1059 | 3117 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (23830) | (117) | (8783) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (1036) |  | (639) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (574) | (37) | (46) |
|  Increase (decrease) in net assets from contract transactions | (25440) | (154) | (9468) |
|  Total increase (decrease) in net assets | (15296) | 905 | (6351) |
|  Net assets as of December 31, 2025 | $182225 | $15781 | $50029 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF<br>Strengthening<br>Dollar 2x<br>Strategy (b)** | **Rydex VIF<br>Technology** | **Rydex VIF<br>Transportation** |
|  Net assets as of December 31, 2023 | $14640 | $3301859 | $31658 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 160 |  | 32 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (99) | (30991) | (277) |
|  Net investment income (loss) | 61 | (30991) | (245) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 63836 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 1255 | 652993 | (1087) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 695 | (111638) | (213) |
|  Net gain (loss) on investments | 1950 | 605191 | (1300) |
|  Net increase (decrease) in net assets from operations | 2011 | 574200 | (1545) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (1031) | (13730) | (15415) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (10334) | (2259941) | 597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (7) | (11793) | (45) |
|  Increase (decrease) in net assets from contract transactions | (11372) | (2285464) | (14863) |
|  Total increase (decrease) in net assets | (9361) | (1711264) | (16408) |
|  Net assets as of December 31, 2024 | $5279 | $1590595 | $15250 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 91 |  |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (34) | (21958) | (189) |
|  Net investment income (loss) | 57 | (21958) | (189) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 160913 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (653) | 15198 | (65) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (734) | 228832 | 1816 |
|  Net gain (loss) on investments | (1387) | 404943 | 1751 |
|  Net increase (decrease) in net assets from operations | (1330) | 382985 | 1562 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 12231 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (144) | (21318) | (107) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (2568) | 8324 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1) | (7826) | (33) |
|  Increase (decrease) in net assets from contract transactions | (2713) | (8589) | (140) |
|  Total increase (decrease) in net assets | (4043) | 374396 | 1422 |
|  Net assets as of December 31, 2025 | $1236 | $1964991 | $16672 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Rydex VIF Utilities** | **Rydex VIF<br>Weakening Dollar<br>2x Strategy (b)** | **T. Rowe Price Blue<br>Chip Growth** |
|  Net assets as of December 31, 2023 | $78979 | $114 | $758277 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1141 | 6 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (837) | (1) | (7588) |
|  Net investment income (loss) | 304 | 5 | (7588) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  | 47989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 613 | (1) | 29741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 13310 | (20) | 217208 |
|  Net gain (loss) on investments | 13923 | (21) | 294938 |
|  Net increase (decrease) in net assets from operations | 14227 | (16) | 287350 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (4321) |  | (91298) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 32 | (3) | 133628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (355) |  | (2099) |
|  Increase (decrease) in net assets from contract transactions | (4644) | (3) | 40267 |
|  Total increase (decrease) in net assets | 9583 | (19) | 327617 |
|  Net assets as of December 31, 2024 | $88562 | $95 | $1085894 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1400 | 5 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (937) | (3) | (7370) |
|  Net investment income (loss) | 463 | 2 | (7370) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  | 62926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 1285 | 9 | 136973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 12400 | 17 | (82267) |
|  Net gain (loss) on investments | 13685 | 26 | 117632 |
|  Net increase (decrease) in net assets from operations | 14148 | 28 | 110262 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 43248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (3600) | (17) | (266269) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 2367 | 3 | (267642) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (394) | (1) | (1649) |
|  Increase (decrease) in net assets from contract transactions | (1627) | (15) | (492312) |
|  Total increase (decrease) in net assets | 12521 | 13 | (382050) |
|  Net assets as of December 31, 2025 | $101083 | $108 | $703844 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **T. Rowe Price<br>Equity Income** | **T. Rowe Price<br>Health Sciences** | **T. Rowe Price<br>Limited-Term<br>Bond** |
|  Net assets as of December 31, 2023 | $169034 | $290178 | $99621 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1408 |  | 4000 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (830) | (2651) | (718) |
|  Net investment income (loss) | 578 | (2651) | 3282 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 5711 | 26221 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (6641) | 3127 | (24) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 8654 | (24151) | 688 |
|  Net gain (loss) on investments | 7724 | 5197 | 664 |
|  Net increase (decrease) in net assets from operations | 8302 | 2546 | 3946 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (2907) | (13026) | (1578) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (87930) | (38) | 174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (126) | (956) | (171) |
|  Increase (decrease) in net assets from contract transactions | (90963) | (14020) | (1479) |
|  Total increase (decrease) in net assets | (82661) | (11474) | 2467 |
|  Net assets as of December 31, 2024 | $86373 | $278704 | $102088 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1782 |  | 5645 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (814) | (2294) | (781) |
|  Net investment income (loss) | 968 | (2294) | 4864 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 11920 | 9027 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 194 | 2554 | 281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 713 | 21248 | 1404 |
|  Net gain (loss) on investments | 12827 | 32829 | 1685 |
|  Net increase (decrease) in net assets from operations | 13795 | 30535 | 6549 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 36369 | 5635 | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (11919) | (65463) | (1992) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (633) | (401) | (3667) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (186) | (621) | (251) |
|  Increase (decrease) in net assets from contract transactions | 23631 | (60850) | (5862) |
|  Total increase (decrease) in net assets | 37426 | (30315) | 687 |
|  Net assets as of December 31, 2025 | $123799 | $248389 | $102775 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Templeton<br>Developing<br>Markets VIP Fund** | **Templeton Foreign<br>VIP Fund** | **Templeton Global<br>Bond VIP Fund** |
|  Net assets as of December 31, 2023 | $408602 | $186950 | $87369 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 16824 | 4449 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2354) | (1832) | (869) |
|  Net investment income (loss) | 14470 | 2617 | (869) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 3233 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (4247) | 1257 | (3662) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 15067 | (7087) | (5715) |
|  Net gain (loss) on investments | 14053 | (5830) | (9377) |
|  Net increase (decrease) in net assets from operations | 28523 | (3213) | (10246) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 11040 |  | 9982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (16568) | (15212) | (10423) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 276 | 497 | (205) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (804) | (1086) | (153) |
|  Increase (decrease) in net assets from contract transactions | (6056) | (15801) | (799) |
|  Total increase (decrease) in net assets | 22467 | (19014) | (11045) |
|  Net assets as of December 31, 2024 | $431069 | $167936 | $76324 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 2717 | 4755 |  |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2497) | (1987) | (897) |
|  Net investment income (loss) | 220 | 2768 | (897) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 8481 | 13278 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (1710) | 740 | (1173) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 185697 | 31320 | 13010 |
|  Net gain (loss) on investments | 192468 | 45338 | 11837 |
|  Net increase (decrease) in net assets from operations | 192688 | 48106 | 10940 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 10163 | 14585 | 240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (20182) | (4394) | (5121) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 852 | (47) | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (911) | (1224) | (154) |
|  Increase (decrease) in net assets from contract transactions | (10078) | 8920 | (5024) |
|  Total increase (decrease) in net assets | 182610 | 57026 | 5916 |
|  Net assets as of December 31, 2025 | $613679 | $224962 | $82240 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **VanEck VIP<br>Global Gold** | **VanEck VIP<br>Global Resources** | **Vanguard<sup>®</sup> VIF<br>Balanced** |
|  Net assets as of December 31, 2023 | $11197 | $9073 | $260722 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 372 | 223 | 5752 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (173) | (118) | (2290) |
|  Net investment income (loss) | 199 | 105 | 3462 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  | 12440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (22) | (852) | 6898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (6351) | (499) | 5318 |
|  Net gain (loss) on investments | (6373) | (1351) | 24656 |
|  Net increase (decrease) in net assets from operations | (6174) | (1246) | 28118 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (820) | (32) | (91053) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 48779 | 856 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (30) | (18) | (370) |
|  Increase (decrease) in net assets from contract transactions | 47929 | 806 | (91423) |
|  Total increase (decrease) in net assets | 41755 | (440) | (63305) |
|  Net assets as of December 31, 2024 | $52952 | $8633 | $197417 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1231 | 597 | 4337 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1223) | (159) | (1925) |
|  Net investment income (loss) | 8 | 438 | 2412 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  | 18576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 587 | 20 | 267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 184080 | 6599 | 8899 |
|  Net gain (loss) on investments | 184667 | 6619 | 27742 |
|  Net increase (decrease) in net assets from operations | 184675 | 7057 | 30154 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 13277 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (1257) |  | (2239) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 499749 | 137 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (329) | (48) | (346) |
|  Increase (decrease) in net assets from contract transactions | 498163 | 13366 | (2589) |
|  Total increase (decrease) in net assets | 682838 | 20423 | 27565 |
|  Net assets as of December 31, 2025 | $735790 | $29056 | $224982 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Vanguard<sup>®</sup> VIF<br>Capital Growth** | **Vanguard<sup>®</sup> VIF<br>Conservative<br>Allocation** | **Vanguard<sup>®</sup> VIF<br>Diversified Value** |
|  Net assets as of December 31, 2023 | $75722 | $206260 | $824785 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 918 | 5604 | 14002 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (1425) | (2956) | (3991) |
|  Net investment income (loss) | (507) | 2648 | 10011 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 1678 | 4750 | 50609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 245 | 499 | 12037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 6005 | 3859 | 49012 |
|  Net gain (loss) on investments | 7928 | 9108 | 111658 |
|  Net increase (decrease) in net assets from operations | 7421 | 11756 | 121669 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 31360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (8023) | (6602) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 33769 | 50 | (129225) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (84) | (190) | (642) |
|  Increase (decrease) in net assets from contract transactions | 33685 | (8163) | (105109) |
|  Total increase (decrease) in net assets | 41106 | 3593 | 16560 |
|  Net assets as of December 31, 2024 | $116828 | $209853 | $841345 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 1278 | 5675 | 14241 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2000) | (2177) | (2355) |
|  Net investment income (loss) | (722) | 3498 | 11886 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 5493 | 6647 | 74469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 2739 | 10212 | 871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 24558 | (884) | 61672 |
|  Net gain (loss) on investments | 32790 | 15975 | 137012 |
|  Net increase (decrease) in net assets from operations | 32068 | 19473 | 148898 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 69771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (16818) | (191233) | (3034) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 33075 | (129) | (45) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (77) | (197) | (603) |
|  Increase (decrease) in net assets from contract transactions | 16180 | (191559) | 66089 |
|  Total increase (decrease) in net assets | 48248 | (172086) | 214987 |
|  Net assets as of December 31, 2025 | $165076 | $37767 | $1056332 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Vanguard<sup>®</sup> VIF<br>Equity Income** | **Vanguard<sup>®</sup> VIF<br>Equity Index** | **Vanguard<sup>®</sup> VIF<br>Global Bond Index** |
|  Net assets as of December 31, 2023 | $735331 | $2050012 | $8814 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 22532 | 29315 | 252 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (11091) | (8771) | (147) |
|  Net investment income (loss) | 11441 | 20544 | 105 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 47500 | 83811 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 1793 | 15179 | (27) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 38011 | 378302 | (58) |
|  Net gain (loss) on investments | 87304 | 477292 | (75) |
|  Net increase (decrease) in net assets from operations | 98745 | 497836 | 30 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 62720 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (10041) | (61033) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (1460) | (75) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1852) | (1816) | (18) |
|  Increase (decrease) in net assets from contract transactions | (13353) | (204) | (18) |
|  Total increase (decrease) in net assets | 85392 | 497632 | 12 |
|  Net assets as of December 31, 2024 | $820723 | $2547644 | $8826 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 21325 | 28732 | 272 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (12066) | (9643) | (149) |
|  Net investment income (loss) | 9259 | 19089 | 123 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 64824 | 55362 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 2348 | 37646 | (23) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 46884 | 325434 | 233 |
|  Net gain (loss) on investments | 114056 | 418442 | 227 |
|  Net increase (decrease) in net assets from operations | 123315 | 437531 | 350 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 46605 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (13412) | (82144) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 4 | (11618) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1962) | (1886) | (19) |
|  Increase (decrease) in net assets from contract transactions | (15370) | (49043) | (19) |
|  Total increase (decrease) in net assets | 107945 | 388488 | 331 |
|  Net assets as of December 31, 2025 | $928668 | $2936132 | $9157 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Vanguard<sup>®</sup> VIF<br>Growth** | **Vanguard<sup>®</sup> VIF<br>High Yield Bond** | **Vanguard<sup>®</sup> VIF<br>International** |
|  Net assets as of December 31, 2023 | $239894 | $180043 | $746230 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 769 | 8617 | 9140 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (4603) | (1847) | (4073) |
|  Net investment income (loss) | (3834) | 6770 | 5067 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  | 24196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 10529 | (1716) | (10992) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 67431 | 2925 | 44102 |
|  Net gain (loss) on investments | 77960 | 1209 | 57306 |
|  Net increase (decrease) in net assets from operations | 74126 | 7979 | 62373 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  | 37884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (5889) | (35729) | (47504) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (36894) | (72) | (86417) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (234) | (212) | (799) |
|  Increase (decrease) in net assets from contract transactions | (43017) | (36013) | (96836) |
|  Total increase (decrease) in net assets | 31109 | (28034) | (34463) |
|  Net assets as of December 31, 2024 | $271003 | $152009 | $711767 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 648 | 10071 | 6513 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (4729) | (1582) | (4175) |
|  Net investment income (loss) | (4081) | 8489 | 2338 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 17535 |  | 43894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 2506 | (1216) | (130) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 29263 | 3709 | 91448 |
|  Net gain (loss) on investments | 49304 | 2493 | 135212 |
|  Net increase (decrease) in net assets from operations | 45223 | 10982 | 137550 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 115289 |  | 13139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (6473) | (43686) | (9464) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 2570 |  | 563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (259) | (112) | (850) |
|  Increase (decrease) in net assets from contract transactions | 111127 | (43798) | 3388 |
|  Total increase (decrease) in net assets | 156350 | (32816) | 140938 |
|  Net assets as of December 31, 2025 | $427353 | $119193 | $852705 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Vanguard<sup>®</sup> VIF<br>Mid-Cap Index** | **Vanguard<sup>®</sup> VIF<br>Moderate<br>Allocation** | **Vanguard<sup>®</sup> VIF<br>Real Estate Index** |
|  Net assets as of December 31, 2023 | $559640 | $2091003 | $92937 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 7989 | 24944 | 3596 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3950) | (5960) | (732) |
|  Net investment income (loss) | 4039 | 18984 | 2864 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 6658 | 20283 | 3034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 4977 | (17776) | 533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 61231 | 102989 | (947) |
|  Net gain (loss) on investments | 72866 | 105496 | 2620 |
|  Net increase (decrease) in net assets from operations | 76905 | 124480 | 5484 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 798373 | 20335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (35282) | (1175052) | (6005) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (102) | 2620 | (3652) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (324) | (2384) | (101) |
|  Increase (decrease) in net assets from contract transactions | (35708) | (376443) | 10577 |
|  Total increase (decrease) in net assets | 41197 | (251963) | 16061 |
|  Net assets as of December 31, 2024 | $600837 | $1839040 | $108998 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 8004 | 46787 | 2976 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (4365) | (6826) | (678) |
|  Net investment income (loss) | 3639 | 39961 | 2298 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 31886 | 78598 | 1906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 7154 | 2625 | (1489) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 22450 | 165202 | (136) |
|  Net gain (loss) on investments | 61490 | 246425 | 281 |
|  Net increase (decrease) in net assets from operations | 65129 | 286386 | 2579 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 28125 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (33350) | (44598) | (11839) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 38539 | (11) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (310) | (2646) | (99) |
|  Increase (decrease) in net assets from contract transactions | 33004 | (47255) | (11938) |
|  Total increase (decrease) in net assets | 98133 | 239131 | (9359) |
|  Net assets as of December 31, 2025 | $698970 | $2078171 | $99639 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Vanguard<sup>®</sup> VIF<br>Short Term**<br>**Investment Grade** | **Vanguard<sup>®</sup> VIF<br>Small Company**<br>**Growth (b)** | **Vanguard<sup>®</sup> VIF<br>Total Bond Market**<br>**Index** |
|  Net assets as of December 31, 2023 | $660534 | $68423 | $2612104 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 23967 | 384 | 69900 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (6401) | (1007) | (12864) |
|  Net investment income (loss) | 17566 | (623) | 57036 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 1820 | (203) | (13466) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 15282 | 7529 | (24466) |
|  Net gain (loss) on investments | 17102 | 7326 | (37932) |
|  Net increase (decrease) in net assets from operations | 34668 | 6703 | 19104 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 64741 |  | 78154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (53123) | (185) | (279336) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 172069 | 20 | (1313) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1529) | (270) | (846) |
|  Increase (decrease) in net assets from contract transactions | 182158 | (435) | (203341) |
|  Total increase (decrease) in net assets | 216826 | 6268 | (184237) |
|  Net assets as of December 31, 2024 | $877360 | $74691 | $2427867 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 40846 | 349 | 88466 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (7265) | (1025) | (12353) |
|  Net investment income (loss) | 33581 | (676) | 76113 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  | 4964 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 2048 | (210) | (11446) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 17989 | (639) | 91865 |
|  Net gain (loss) on investments | 20037 | 4115 | 80419 |
|  Net increase (decrease) in net assets from operations | 53618 | 3439 | 156532 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 59387 |  | 60293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (8687) | (170) | (141958) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (115338) |  | 26576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (1715) | (246) | (640) |
|  Increase (decrease) in net assets from contract transactions | (66353) | (416) | (55729) |
|  Total increase (decrease) in net assets | (12735) | 3023 | 100803 |
|  Net assets as of December 31, 2025 | $864625 | $77714 | $2528670 |

---

(b) Closed to new investments. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Vanguard<sup>®</sup> VIF<br>Total International<br>Stock Market<br>Index** | **Vanguard<sup>®</sup> VIF<br>Total Stock Market<br>Index** | **Victory Pioneer<br>Bond VCT<br>Portfolio (a)** |
|  Net assets as of December 31, 2023 | $189365 | $1661795 | $163895 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 7133 | 23633 | 6969 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2097) | (11474) | (2073) |
|  Net investment income (loss) | 5036 | 12159 | 4896 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 1210 | 129566 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 359 | 80028 | (477) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 1701 | 184638 | (1611) |
|  Net gain (loss) on investments | 3270 | 394232 | (2088) |
|  Net increase (decrease) in net assets from operations | 8306 | 406391 | 2808 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 40671 | 265427 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (3476) | (303893) | (1484) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | 2044 | (38663) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (178) | (1592) | (645) |
|  Increase (decrease) in net assets from contract transactions | 39061 | (78721) | (2129) |
|  Total increase (decrease) in net assets | 47367 | 327670 | 679 |
|  Net assets as of December 31, 2024 | $236732 | $1989465 | $164574 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 7549 | 25563 | 7231 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2272) | (12381) | (2129) |
|  Net investment income (loss) | 5277 | 13182 | 5102 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 4602 | 119335 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | 4475 | 15763 | (477) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 56745 | 190281 | 7682 |
|  Net gain (loss) on investments | 65822 | 325379 | 7205 |
|  Net increase (decrease) in net assets from operations | 71099 | 338561 | 12307 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  | 144869 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (22120) | (61450) | (2943) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | 620 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (202) | (1712) | (671) |
|  Increase (decrease) in net assets from contract transactions | (22322) | 82327 | (3614) |
|  Total increase (decrease) in net assets | 48777 | 420888 | 8693 |
|  Net assets as of December 31, 2025 | $285509 | $2410353 | $173267 |

---

(a) Name change. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Victory Pioneer<br>Equity Income<br>VCT Portfolio (a)** | **Victory Pioneer<br>Strategic Income<br>VCT Portfolio (a)** | **Virtus Duff &<br>Phelps Real Estate<br>Securities Series** |
|  Net assets as of December 31, 2023 | $13910 | $85953 | $15578 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 287 | 3338 | 295 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (186) | (1045) | (203) |
|  Net investment income (loss) | 101 | 2293 | 92 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 2670 |  | 182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (96) | (1519) | (23) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (1343) | 1367 | 1227 |
|  Net gain (loss) on investments | 1231 | (152) | 1386 |
|  Net increase (decrease) in net assets from operations | 1332 | 2141 | 1478 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (9928) | (40) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | 12 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (30) | (164) | (32) |
|  Increase (decrease) in net assets from contract transactions | (30) | (10080) | (72) |
|  Total increase (decrease) in net assets | 1302 | (7939) | 1406 |
|  Net assets as of December 31, 2024 | $15212 | $78014 | $16984 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions | 316 | 3557 | 453 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (197) | (1017) | (213) |
|  Net investment income (loss) | 119 | 2540 | 240 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 2265 |  | 75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (117) | (256) | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (786) | 5043 | (395) |
|  Net gain (loss) on investments | 1362 | 4787 | (331) |
|  Net increase (decrease) in net assets from operations | 1481 | 7327 | (91) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (1392) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | (1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (31) | (162) | (33) |
|  Increase (decrease) in net assets from contract transactions | (31) | (1555) | (33) |
|  Total increase (decrease) in net assets | 1450 | 5772 | (124) |
|  Net assets as of December 31, 2025 | $16662 | $83786 | $16860 |

---

(a) Name change. See Note 1.

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Virtus KAR Small-**<br>**Cap Growth Series** | **Virtus Newfleet<br>Multi-Sector<br>Intermediate Bond<br>Series** | **Virtus SGA<br>International<br>Growth Series** |
|  Net assets as of December 31, 2023 | $311687 | $9314 | $57031 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 29 | 111 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (3022) | (68) | (138) |
|  Net investment income (loss) | (3022) | (39) | (27) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 21280 |  | 95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (18982) | (574) | (74) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 28997 | 881 | (3249) |
|  Net gain (loss) on investments | 31295 | 307 | (3228) |
|  Net increase (decrease) in net assets from operations | 28273 | 268 | (3255) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 9623 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (7922) | (9538) | (1345) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (68555) | (35) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (477) | (9) | (301) |
|  Increase (decrease) in net assets from contract transactions | (67331) | (9582) | (1646) |
|  Total increase (decrease) in net assets | (39058) | (9314) | (4901) |
|  Net assets as of December 31, 2024 | $272629 | $— | $52130 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  |  | 98 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (2089) |  | (137) |
|  Net investment income (loss) | (2089) |  | (39) |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 46596 |  | 1782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (34158) |  | (44) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (70340) |  | 2941 |
|  Net gain (loss) on investments | (57902) |  | 4679 |
|  Net increase (decrease) in net assets from operations | (59991) |  | 4640 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits | 13277 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments | (3051) |  | (1134) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net | (52340) |  | (31) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (383) |  | (303) |
|  Increase (decrease) in net assets from contract transactions | (42497) |  | (1468) |
|  Total increase (decrease) in net assets | (102488) |  | 3172 |
|  Net assets as of December 31, 2025 | $170141 | $— | $55302 |

---

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

------

Variable Annuity Account A

Statements of Operations and Change in Net Assets (continued)

Years Ended December 31, 2025 and 2024, Except as Noted

---

| | | | |
|:---|:---|:---|:---|
|  | **Voya MidCap<br>Opportunities<br>Portfolio** | **VY CBRE Global<br>Real Estate<br>Portfolio** | **VY CBRE Real<br>Estate Portfolio** |
|  Net assets as of December 31, 2023 | $59558 | $25732 | $24280 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 315 | 583 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (799) | (97) | (62) |
|  Net investment income (loss) | (799) | 218 | 521 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (440) | (2623) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 9421 | 1782 | 420 |
|  Net gain (loss) on investments | 8981 | (841) | 420 |
|  Net increase (decrease) in net assets from operations | 8182 | (623) | 941 |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (13873) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  | 21 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (339) | (30) | (45) |
|  Increase (decrease) in net assets from contract transactions | (339) | (13882) | (45) |
|  Total increase (decrease) in net assets | 7843 | (14505) | 896 |
|  Net assets as of December 31, 2024 | $67401 | $11227 | $25176 |
|  Investment income (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend distributions |  | 277 | 634 |
|  Investment Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk and administrative charges | (862) | (44) | (62) |
|  Net investment income (loss) | (862) | 233 | 572 |
|  Increase (decrease) in net assets from operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital gain distributions | 10485 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realized capital gain (loss) on investments | (362) | (21) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | (7780) | 450 | (660) |
|  Net gain (loss) on investments | 2343 | 429 | (660) |
|  Net increase (decrease) in net assets from operations | 1481 | 662 | (88) |
|  Contract owner transactions: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variable annuity deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terminations, withdrawals and annuity payments |  | (124) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfers between subaccounts, net |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maintenance charges and mortality adjustments | (365) | (22) | (16) |
|  Increase (decrease) in net assets from contract transactions | (365) | (146) | (16) |
|  Total increase (decrease) in net assets | 1116 | 516 | (104) |
|  Net assets as of December 31, 2025 | $68517 | $11743 | $25072 |

---

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

------

Variable Annuity Account A

Notes to Financial Statements

December 31, 2025

1. Organization and Significant Accounting Policies

Variable Annuity Account A (the Account) is a deferred variable annuity contract offered by First Security Benefit Life Insurance and Annuity Company of New York (FSBL). The Account is an investment company as defined by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 946. The Account follows the accounting guidance as outlined in ASC 946. Purchase payments for AdvisorDesigns, EliteDesigns and EliteDesigns II are allocated to one or more of the subaccounts that comprise the Account. The Account is registered as a unit investment trust under the Investment Company Act of 1940, as amended. As directed by the owners, amounts directed to each subaccount are invested in a designated mutual fund as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Subaccount/Mutual Fund** | **Class** | **Investment Adviser** | **Sub-Adviser** |
|  AB VPS Discovery Value Portfolio | B | AllianceBernstein LP | —  |
|  AB VPS Dynamic Asset Allocation | B | AllianceBernstein LP | —  |
|  AB VPS Relative Value Portfolio | B | AllianceBernstein LP | —  |
|  AB VPS Sustainable Global Thematic Growth | B | AllianceBernstein LP | —  |
|  AFIS Capital World Growth and Income | Class 4 | Capital Research and Management Company | —  |
|  AFIS U.S. Government Securities | Class 4 | Capital Research and Management Company | —  |
|  AFIS Washington Mutual Investors | Class 4 | Capital Research and Management Company | —  |
|  Alger Capital Appreciation | Class S | Fred Alger Management, LLC | —  |
|  Alger Large Cap Growth | Class I-2 | Fred Alger Management, LLC | —  |
|  Allspring Opportunity VT | 2 | Allspring Funds Management LLC | Allspring Global Investments, LLC |
|  Allspring VT Discovery All Cap Growth Fund | 2 | Allspring Funds Management LLC | Allspring Global Investments, LLC |
|  ALPS/Alerian Energy Infrastructure | Class III | ALPS Advisors Inc | —  |
|  American Funds IS<sup>®</sup> Asset Allocation | Class 4 | Capital Research and Management Company | —  |
|  American Funds IS<sup>®</sup> Capital World Bond | Class 4 | Capital Research and Management Company | —  |
|  American Funds IS<sup>®</sup> Global Growth | Class 4 | Capital Research and Management Company | —  |
|  American Funds IS<sup>®</sup> Global Small Capitalization | Class 4 | Capital Research and Management Company | —  |
|  American Funds IS<sup>®</sup> Growth | Class 4 | Capital Research and Management Company | —  |
|  American Funds IS<sup>®</sup> Growth-Income | Class 4 | Capital Research and Management Company | —  |
|  American Funds IS<sup>®</sup> International | Class 4 | Capital Research and Management Company | —  |
|  American Funds IS<sup>®</sup> International Growth and Income | Class 4 | Capital Research and Management Company | —  |
|  American Funds IS<sup>®</sup> Mortgage | Class 4 | Capital Research and Management Company | —  |
|  American Funds IS<sup>®</sup> New World | Class 4 | Capital Research and Management Company | —  |
|  BlackRock Advantage Large Cap Core V.I. | Class 3 | BlackRock Advisors LLC | —  |
|  BlackRock Basic Value V.I. | Class 3 | BlackRock Advisors LLC | —  |
|  BlackRock Capital Appreciation V.I. | Class 3 | BlackRock Advisors LLC | —  |
|  BlackRock Equity Dividend V.I. | Class 3 | BlackRock Advisors LLC | —  |
|  BlackRock Global Allocation V.I. | Class 3 | BlackRock Advisors LLC | BlackRock (Singapore) Ltd |
|  BlackRock High Yield V.I. | Class 3 | BlackRock Advisors LLC | BlackRock International Ltd |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | | |
|:---|:---|:---|:---|
| **Subaccount/Mutual Fund** | **Class** | **Investment Adviser** | **Sub-Adviser** |
|  BlackRock Large Cap Focus Growth V.I. | Class 3 | BlackRock Advisors LLC | —  |
|  BNY Mellon IP Small Cap Stock Index | Service | BNY Mellon Investment Adviser, Inc | —  |
|  BNY Mellon IP Technology Growth | Service | BNY Mellon Investment Adviser, Inc | Newton Investment Management North America, LLC |
|  BNY Mellon Stock Index | Service | BNY Mellon Investment Adviser, Inc | Mellon Investments Corporation |
|  BNY Mellon VIF Appreciation | Service | BNY Mellon Investment Adviser, Inc | Fayez Sarofim & Company |
|  Dimensional VA Equity Allocation | Inst Class | Dimensional Fund Advisors LP | Dimensional Fund Advisors Ltd<br> DFA Australia Ltd |
|  Dimensional VA Global Bond Portfolio | Inst Class | Dimensional Fund Advisors LP | Dimensional Fund Advisors Ltd<br> DFA Australia Ltd |
|  Dimensional VA Global Moderate Allocation | Inst Class | Dimensional Fund Advisors LP | —  |
|  Dimensional VA International Small Portfolio | Inst Class | Dimensional Fund Advisors LP | Dimensional Fund Advisors Ltd<br> DFA Australia Ltd |
|  Dimensional VA International Value Portfolio | Inst Class | Dimensional Fund Advisors LP | Dimensional Fund Advisors Ltd<br> DFA Australia Ltd |
|  Dimensional VA Short-Term Fixed Portfolio | Inst Class | Dimensional Fund Advisors LP | Dimensional Fund Advisors Ltd<br> DFA Australia Ltd |
|  Dimensional VA U.S. Large Value Portfolio | Inst Class | Dimensional Fund Advisors LP | —  |
|  Dimensional VA U.S. Targeted Value Portfolio | Inst Class | Dimensional Fund Advisors LP | —  |
|  Donoghue Forlines Dividend VIT Fund | 1 | Donoghue Forlines, LLC | —  |
|  Donoghue Forlines Momentum VIT Fund | 1 | Donoghue Forlines, LLC | —  |
|  DWS Small Mid Cap Value VIP | B | DWS Investment Management Americas, Inc | —  |
|  Eaton Vance VT Floating-Rate Income |  | Eaton Vance Management | —  |
|  Federated Hermes Fund for U.S. Government Securities II | Primary | Federated Investment Management Company | —  |
|  Federated Hermes High Income Bond II | Service | Federated Investment Management Company | —  |
|  Fidelity<sup>®</sup> VIP Balanced | Service Class 2 | Fidelity Management & Research Company LLC | FMR Investment Management (UK) Ltd<br> Fidelity Management & Research (Japan) Ltd<br> Fidelity Management & Research (HK) Ltd |
|  Fidelity<sup>®</sup> VIP Contrafund | Service Class 2 | Fidelity Management & Research Company LLC | FMR Investment Management (UK) Ltd<br> Fidelity Management & Research (Japan) Ltd<br> Fidelity Management & Research (HK) Ltd |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | | |
|:---|:---|:---|:---|
| **Subaccount/Mutual Fund** | **Class** | **Investment Adviser** | **Sub-Adviser** |
|  Fidelity<sup>®</sup> VIP Disciplined Small Cap | Service Class 2 | Fidelity Management & Research Company LLC | Geode Capital Management, LLC |
|  Fidelity<sup>®</sup> VIP Emerging Markets | Service Class 2 | Fidelity Management & Research Company LLC | FMR Investment Management (UK) Ltd<br> Fidelity Management & Research (Japan) Ltd<br> FIL Investments (Japan) Ltd<br> Fil Investment Advisors<br> FIL Investment Advisors (UK) Ltd<br> Fidelity Management & Research (UK) Ltd |
|  Fidelity<sup>®</sup> VIP Growth & Income | Service Class 2 | Fidelity Management & Research Company LLC | Fidelity Management & Research (UK) Ltd<br> Fidelity Management & Research (Japan) Ltd<br> Fidelity Management & Research (HK) Ltd<br> FMR Co., Inc (FMRC) |
|  Fidelity<sup>®</sup> VIP Growth Opportunities | Service Class 2 | Fidelity Management & Research Company LLC | FMR Investment Management (UK) Ltd<br> Fidelity Management & Research (Japan) Ltd<br> Fidelity Management & Research (HK) Ltd |
|  Fidelity<sup>®</sup> VIP High Income | Service Class 2 | Fidelity Management & Research Company LLC | FMR Investment Management (UK) Ltd<br> Fidelity Management & Research (Japan) Ltd<br> Fidelity Management & Research (HK) Ltd |
|  Fidelity<sup>®</sup> VIP Index 500 | Service Class 2 | Fidelity Management & Research Company LLC | Geode Capital Management, LLC |
|  Fidelity<sup>®</sup> VIP Investment Grade Bond | Service Class 2 | Fidelity Management & Research Company LLC | FMR Investment Management (UK) Ltd<br> Fidelity Management & Research (Japan) Ltd<br> Fidelity Management & Research (HK) Ltd |
|  Fidelity<sup>®</sup> VIP Mid Cap | Service Class 2 | Fidelity Management & Research Company LLC | FMR Investment Management (UK) Ltd<br> Fidelity Management & Research (Japan) Ltd<br> Fidelity Management & Research (HK) Ltd |
|  Fidelity<sup>®</sup> VIP Overseas | Service Class 2 | Fidelity Management & Research Company LLC | FMR Investment Management (UK) Ltd<br> Fidelity Management & Research (Japan) Ltd<br> FIL Investments (Japan) Ltd<br> Fil Investment Advisors<br> Fidelity Management & Research (HK) Ltd<br> FIL Investment Advisors (UK) Ltd |
|  Fidelity<sup>®</sup> VIP Real Estate | Service Class 2 | Fidelity Management & Research Company LLC | FMR Investment Management (UK) Ltd<br> Fidelity Management & Research (Japan) Ltd<br> Fidelity Management & Research (HK) Ltd |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | | |
|:---|:---|:---|:---|
| **Subaccount/Mutual Fund** | **Class** | **Investment Adviser** | **Sub-Adviser** |
|  Fidelity<sup>®</sup> VIP Strategic Income | Service Class 2 | Fidelity Management & Research Company LLC | FMR Investment Management (UK) Ltd Fidelity Management & Research (Japan) Ltd FIL Investments (Japan) Ltd Fil Investment Advisors FIL Investment Advisors (UK) Ltd Fidelity Management & Research (UK) Ltd |
|  Franklin DynaTech VIP | Class 2 | Franklin Advisers, Inc |  |
|  Franklin Growth and Income VIP Fund | Class 2 | Franklin Advisers, Inc |  |
|  Franklin Income VIP Fund | Class 2 | Franklin Advisers, Inc |  |
|  Franklin Large Cap Growth VIP Fund | Class 2 | Franklin Advisers, Inc |  |
|  Franklin Mutual Global Discovery VIP Fund | Class 2 | Franklin Mutual Advisers, LLC |  |
|  Franklin Mutual Shares VIP Fund | Class 2 | Franklin Mutual Advisers, LLC |  |
|  Franklin Rising Dividends VIP Fund | Class 2 | Franklin Advisers, Inc |  |
|  Franklin Small Cap Value VIP Fund | Class 2 | Franklin Mutual Advisers, LLC |  |
|  Franklin Small-Mid Cap Growth VIP Fund | Class 2 | Franklin Advisers, Inc |  |
|  Franklin Strategic Income VIP Fund | Class 2 | Franklin Advisers, Inc |  |
|  Franklin U.S. Government Securities VIP Fund | Class 2 | Franklin Advisers, Inc |  |
|  Goldman Sachs VIT International Equity Insights | Service | Goldman Sachs Asset Management, LP |  |
|  Goldman Sachs VIT Large Cap Value | Service | Goldman Sachs Asset Management, LP |  |
|  Goldman Sachs VIT Mid Cap Growth Fund | Service | Goldman Sachs Asset Management, LP |  |
|  Goldman Sachs VIT Mid Cap Value | Service | Goldman Sachs Asset Management, LP |  |
|  Goldman Sachs VIT Small Cap Equity Insights | Service | Goldman Sachs Asset Management, LP |  |
|  Goldman Sachs VIT Strategic Growth | Service | Goldman Sachs Asset Management, LP |  |
|  Guggenheim VIF Floating Rate Strategies |  | Guggenheim Partners Investment Mgmt LLC |  |
|  Guggenheim VIF Global Managed Futures Strategy |  | Security Investors, LLC |  |
|  Guggenheim VIF High Yield |  | Security Investors, LLC |  |
|  Guggenheim VIF Multi-Hedge Strategies |  | Security Investors, LLC |  |
|  Guggenheim VIF Total Return Bond |  | Security Investors, LLC |  |
|  Invesco V.I. American Franchise | Series I | Invesco Advisers, Inc |  |
|  Invesco V.I. American Franchise | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. American Value | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. Balanced-Risk Allocation | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. Comstock | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. Core Equity | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. Discovery Mid Cap Growth | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. Equally-Weighted S&P 500 | Series II | Invesco Advisers, Inc | Invesco Capital Management LLC |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | | |
|:---|:---|:---|:---|
| **Subaccount/Mutual Fund** | **Class** | **Investment Adviser** | **Sub-Adviser** |
|  Invesco V.I. Equity and Income | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. EVQ International Equity Fund | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. Global | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. Global Core Equity | Series II | Invesco Advisers, Inc | Invesco Canada Ltd |
|  Invesco V.I. Global Real Estate | Series II | Invesco Advisers, Inc | Invesco Asset Management Ltd |
|  Invesco V.I. Global Strategic Income | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. Government Securities | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. Growth and Income | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. Health Care | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. High Yield | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. International Growth Fund | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. Main Street Mid Cap Fund<sup>®</sup> | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. Main Street Small Cap Fund<sup>®</sup> | Series II | Invesco Advisers, Inc |  |
|  Invesco V.I. Small Cap Equity | Series II | Invesco Advisers, Inc |  |
|  Janus Henderson VIT Enterprise | Service | Janus Capital Management LLC |  |
|  Janus Henderson VIT Forty | Service | Janus Capital Management LLC |  |
|  Janus Henderson VIT Mid Cap Value | Service | Janus Capital Management LLC |  |
|  Janus Henderson VIT Overseas | Service | Janus Capital Management LLC |  |
|  Janus Henderson VIT Research | Service | Janus Capital Management LLC |  |
|  Lord Abbett Series Bond-Debenture VC | VC | Lord, Abbett & Co LLC |  |
|  Lord Abbett Series Developing Growth VC | VC | Lord, Abbett & Co LLC |  |
|  Lord Abbett Series Dividend Growth VC | VC | Lord, Abbett & Co LLC |  |
|  Lord Abbett Series Fundamental Equity VC | VC | Lord, Abbett & Co LLC |  |
|  Lord Abbett Series Growth and Income VC | VC | Lord, Abbett & Co LLC |  |
|  Lord Abbett Series Growth Opportunities VC | VC | Lord, Abbett & Co LLC |  |
|  Lord Abbett Series Mid Cap Stock VC | VC | Lord, Abbett & Co LLC |  |
|  Lord Abbett Series Total Return VC | VC | Lord, Abbett & Co LLC |  |
|  LVIP American Century Disciplined Core Value | Service Class | American Century Investment Management, Inc |  |
|  LVIP American Century Inflation Protection | Service Class | American Century Investment Management, Inc |  |
|  LVIP American Century International | Service Class | American Century Investment Management, Inc |  |
|  LVIP American Century Mid Cap Value | Service Class | American Century Investment Management, Inc |  |
|  LVIP American Century Value | Service Class | American Century Investment Management, Inc |  |
|  LVIP JPMorgan Core Bond Fund | Service Class | J.P. Morgan Investment Management, Inc |  |
|  LVIP JPMorgan Small Cap Core Fund | Service Class | J.P. Morgan Investment Management, Inc |  |
|  LVIP JPMorgan US Equity Fund | Service Class | J.P. Morgan Investment Management, Inc |  |
|  MFS<sup>®</sup> VIT Emerging Markets Equity | Service | Massachusetts Financial Services Company |  |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | | |
|:---|:---|:---|:---|
| **Subaccount/Mutual Fund** | **Class** | **Investment Adviser** | **Sub-Adviser** |
|  MFS<sup>®</sup> VIT Global Tactical Allocation | Service | Massachusetts Financial Services Company |  |
|  MFS<sup>®</sup> VIT High Yield | Service | Massachusetts Financial Services Company |  |
|  MFS<sup>®</sup> VIT II MA Investors Growth Stock | Service | Massachusetts Financial Services Company |  |
|  MFS<sup>®</sup> VIT II Research International | Service | Massachusetts Financial Services Company |  |
|  MFS<sup>®</sup> VIT International Intrinsic Value | Service | Massachusetts Financial Services Company |  |
|  MFS<sup>®</sup> VIT Investors Trust | Service | Massachusetts Financial Services Company |  |
|  MFS<sup>®</sup> VIT New Discovery | Service | Massachusetts Financial Services Company |  |
|  MFS<sup>®</sup> VIT Research | Service | Massachusetts Financial Services Company |  |
|  MFS<sup>®</sup> VIT Total Return | Service | Massachusetts Financial Services Company |  |
|  MFS<sup>®</sup> VIT Total Return Bond | Service | Massachusetts Financial Services Company |  |
|  MFS<sup>®</sup> VIT Utilities | Service | Massachusetts Financial Services Company |  |
|  Morgan Stanley VIF Emerging Markets Debt | II | Morgan Stanley Investment Management, Inc | Morgan Stanley Investment Management Ltd |
|  Morgan Stanley VIF Emerging Markets Equity | II | Morgan Stanley Investment Management, Inc | Morgan Stanley Investment Management Co |
|  Morningstar Aggressive Growth ETF Asset Allocation Portfolio | Class II | ALPS Advisors Inc | Morningstar Investment Management LLC |
|  Morningstar Balanced ETF Asset Allocation Portfolio | Class II | ALPS Advisors Inc | Morningstar Investment Management LLC |
|  Morningstar Conservative ETF Asset Allocation Portfolio | Class II | ALPS Advisors Inc | Morningstar Investment Management LLC |
|  Morningstar Growth ETF Asset Allocation Portfolio | Class II | ALPS Advisors Inc | Morningstar Investment Management LLC |
|  Morningstar Income and Growth ETF Asset Allocation Portfolio | Class II | ALPS Advisors Inc | Morningstar Investment Management LLC |
|  NAA All Cap Value Series |  | Security Investors, LLC |  |
|  NAA Large Cap Value Series |  | Security Investors, LLC |  |
|  NAA Large Core Series |  | Security Investors, LLC |  |
|  NAA Large Growth Series |  | Security Investors, LLC |  |
|  NAA Mid Growth Series |  | Security Investors, LLC |  |
|  NAA Small Cap Value Series |  | Security Investors, LLC |  |
|  NAA Small Growth Series |  | Security Investors, LLC |  |
|  NAA Smid-Cap Value Series |  | Security Investors, LLC |  |
|  NAA World Equity Income Series |  | Security Investors, LLC |  |
|  Neuberger Berman AMT Quality Equity Portfolio | Class I | Neuberger Berman Investment Advisers LLC |  |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | | |
|:---|:---|:---|:---|
| **Subaccount/Mutual Fund** | **Class** | **Investment Adviser** | **Sub-Adviser** |
|  Nomura VIP Asset Strategy Series | Service Class | Delaware Management Company | Macquarie Funds Management HK Ltd. Macquarie Investment Management Global Limited Macquarie Investment Management Austria Kapitalanlage AG Macquarie Investment Management Europe Limited |
|  Nomura VIP Balanced Series | Service Class | Delaware Management Company | Macquarie Funds Management HK Ltd.<br> Macquarie Investment Management Global Limited<br> Macquarie Investment Management Austria Kapitalanlage AG<br> Macquarie Investment Management Europe Limited |
|  Nomura VIP Core Equity Series | Service Class | Delaware Management Company | —  |
|  Nomura VIP Energy Series | Service Class | Delaware Management Company | Macquarie Funds Management HK Ltd.<br> Macquarie Investment Management Global Limited |
|  Nomura VIP Global Growth Series | Service Class | Delaware Management Company | —  |
|  Nomura VIP Growth Series | Service Class | Delaware Management Company | —  |
|  Nomura VIP High Income Series | Service Class | Delaware Management Company | Macquarie Investment Management Global Limited<br> Macquarie Investment Management Austria Kapitalanlage AG<br> Macquarie Investment Management Europe Limited |
|  Nomura VIP International Core Equity Series | Service Class | Delaware Management Company | Macquarie Funds Management HK Ltd.<br> Macquarie Investment Management Global Limited |
|  Nomura VIP Limited+Term Bond Series | Service Class | Delaware Management Company | Macquarie Investment Management Global Limited<br> Macquarie Investment Management Austria Kapitalanlage AG<br> Macquarie Investment Management Europe Limited |
|  Nomura VIP Mid Cap Growth Series | Service Class | Delaware Management Company | —  |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | | |
|:---|:---|:---|:---|
| **Subaccount/Mutual Fund** | **Class** | **Investment Adviser** | **Sub-Adviser** |
|  Nomura VIP Natural Resources Series | Service Class | Delaware Management Company | Macquarie Funds Management HK Ltd. Macquarie Investment Management Global Limited |
|  Nomura VIP Science And Technology Series | Service Class | Delaware Management Company | —  |
|  Nomura VIP Small Cap Growth Series | Service Class | Delaware Management Company | —  |
|  Nomura VIP Smid Cap Core Series | Service Class | Delaware Management Company | Macquarie Funds Management HK Ltd.<br> Macquarie Investment Management Global Limited |
|  Nomura VIP Value Series | Service Class | Delaware Management Company | —  |
|  PIMCO VIT All Asset | Advisor | Pacific Investment Management Company, LLC | Research Affiliates LLC |
|  PIMCO VIT CommodityRealReturn Strategy | Advisor | Pacific Investment Management Company, LLC | —  |
|  PIMCO VIT Emerging Markets Bond | Advisor | Pacific Investment Management Company, LLC | —  |
|  PIMCO VIT Global Bond Opportunities Portfolio (Unhedged) | Advisor | Pacific Investment Management Company, LLC | —  |
|  PIMCO VIT Global Managed Asset Allocation | Advisor | Pacific Investment Management Company, LLC | —  |
|  PIMCO VIT High Yield | Advisor | Pacific Investment Management Company, LLC | —  |
|  PIMCO VIT International Bond Portfolio (Unhedged) | Advisor | Pacific Investment Management Company, LLC | —  |
|  PIMCO VIT Low Duration | Administrative | Pacific Investment Management Company, LLC | —  |
|  PIMCO VIT Low Duration | Advisor | Pacific Investment Management Company, LLC | —  |
|  PIMCO VIT Real Return | Administrative | Pacific Investment Management Company, LLC | —  |
|  PIMCO VIT Real Return | Advisor | Pacific Investment Management Company, LLC | —  |
|  PIMCO VIT Short-Term | Advisor | Pacific Investment Management Company, LLC | —  |
|  PIMCO VIT Total Return | Administrative | Pacific Investment Management Company, LLC | —  |
|  PIMCO VIT Total Return | Advisor | Pacific Investment Management Company, LLC | —  |
|  Putnam VT Core Equity Fund | IB | Putnam Investment Management, LLC | Putnam Investments Ltd |
|  Putnam VT Diversified Income | IB | Putnam Investment Management, LLC | Putnam Investments Ltd |
|  Putnam VT Global Asset Allocation | IB | Putnam Investment Management, LLC | Putnam Advisory Company, LLC<br> Putnam Investments Ltd |
|  Putnam VT High Yield | IB | Putnam Investment Management, LLC | Putnam Investments Ltd |
|  Putnam VT Income | IB | Putnam Investment Management, LLC | Putnam Investments Ltd |
|  Putnam VT Large Cap Growth Fund | IB | Putnam Investment Management, LLC | Putnam Investments Ltd |
|  Putnam VT Large Cap Value | IB | Putnam Investment Management, LLC | Putnam Investments Ltd |
|  Putnam VT Small Cap Growth | IB | Putnam Investment Management, LLC | Putnam Investments Ltd |
|  Rydex VIF Banking |  | Security Investors, LLC | —  |
|  Rydex VIF Basic Materials |  | Security Investors, LLC | —  |
|  Rydex VIF Biotechnology |  | Security Investors, LLC | —  |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | |
|:---|:---|
| **Subaccount/Mutual Fund** | **Sub-Adviser** |
|  Rydex VIF Commodities Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Consumer Products<br> – Security Investors, LLC |  |
|  Rydex VIF Dow 2x Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Electronics<br> – Security Investors, LLC |  |
|  Rydex VIF Energy<br> – Security Investors, LLC |  |
|  Rydex VIF Energy Services<br> – Security Investors, LLC |  |
|  Rydex VIF Europe 1.25x Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Financial Services<br> – Security Investors, LLC |  |
|  Rydex VIF Government Long Bond 1.2x Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Health Care<br> – Security Investors, LLC |  |
|  Rydex VIF High Yield Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Internet<br> – Security Investors, LLC |  |
|  Rydex VIF Inverse Dow 2x Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Inverse Government Long Bond Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Inverse Mid-Cap Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Inverse S&P 500 Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Japan 2x Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Leisure<br> – Security Investors, LLC |  |
|  Rydex VIF Mid-Cap 1.5x Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Money Market<br> – Security Investors, LLC |  |
|  Rydex VIF NASDAQ-100<sup>®</sup><br> – Security Investors, LLC |  |
|  Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Nova<br> – Security Investors, LLC |  |
|  Rydex VIF Precious Metals<br> – Security Investors, LLC |  |
|  Rydex VIF Real Estate<br> – Security Investors, LLC |  |
|  Rydex VIF Retailing<br> – Security Investors, LLC |  |
|  Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF Russell 2000<sup>®</sup> 2x Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF S&P 500 2x Strategy<br> – Security Investors, LLC |  |
|  Rydex VIF S&P 500 Pure Growth<br> – Security Investors, LLC |  |
|  Rydex VIF S&P 500 Pure Value<br> – Security Investors, LLC |  |
|  Rydex VIF S&P MidCap 400 Pure Growth<br> – Security Investors, LLC |  |
|  Rydex VIF S&P MidCap 400 Pure Value<br> – Security Investors, LLC |  |
|  Rydex VIF S&P SmallCap 600 Pure Growth<br> – Security Investors, LLC |  |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | | |
|:---|:---|:---|:---|
| **Subaccount/Mutual Fund** | **Class** | **Investment Adviser** | **Sub-Adviser** |
|  Rydex VIF S&P SmallCap 600 Pure Value |  | Security Investors, LLC | —  |
|  Rydex VIF Strengthening Dollar 2x Strategy |  | Security Investors, LLC | —  |
|  Rydex VIF Technology |  | Security Investors, LLC | —  |
|  Rydex VIF Telecommunications |  | Security Investors, LLC | —  |
|  Rydex VIF Transportation |  | Security Investors, LLC | —  |
|  Rydex VIF Utilities |  | Security Investors, LLC | —  |
|  Rydex VIF Weakening Dollar 2x Strategy |  | Security Investors, LLC | —  |
| T. Rowe Price Blue Chip Growth | II | T. Rowe Price Associates, Inc | —  |
| T. Rowe Price Equity Income | II | T. Rowe Price Associates, Inc | —  |
| T. Rowe Price Health Sciences | II | T. Rowe Price Associates, Inc | —  |
| T. Rowe Price Limited-Term Bond | II | T. Rowe Price Associates, Inc | —  |
|  Templeton Developing Markets VIP Fund | Class 2 | Templeton Asset Management Ltd | Franklin Templeton Inv Mgmt Ltd |
|  Templeton Foreign VIP Fund | Class 2 | Templeton Investment Counsel LLC | —  |
|  Templeton Global Bond VIP Fund | Class 2 | Franklin Advisers, Inc | —  |
|  Templeton Growth VIP Fund | Class 2 | Templeton Global Advisors Ltd | —  |
|  Third Avenue Value |  | Third Avenue Management LLC | —  |
|  TOPS<sup>®</sup> Aggressive Growth ETF | Investor | ValMark Advisers, Inc | Milliman Financial Risk Management LLC |
|  TOPS<sup>®</sup> Balanced ETF | Investor | ValMark Advisers, Inc | Milliman Financial Risk Management LLC |
|  TOPS<sup>®</sup> Conservative ETF | Investor | ValMark Advisers, Inc | Milliman Financial Risk Management LLC |
|  TOPS<sup>®</sup> Growth ETF | Investor | ValMark Advisers, Inc | Milliman Financial Risk Management LLC |
|  TOPS<sup>®</sup> Managed Risk Balanced ETF | Investor | ValMark Advisers, Inc | Milliman Financial Risk Management LLC |
|  TOPS<sup>®</sup> Managed Risk Growth ETF | Investor | ValMark Advisers, Inc | Milliman Financial Risk Management LLC |
|  TOPS<sup>®</sup> Managed Risk Moderate Growth ETF | Investor | ValMark Advisers, Inc | Milliman Financial Risk Management LLC |
|  TOPS<sup>®</sup> Moderate Growth ETF | Investor | ValMark Advisers, Inc | Milliman Financial Risk Management LLC |
|  VanEck VIP Global Gold | S | Van Eck Associates Corporation | —  |
|  VanEck VIP Global Resources | S | Van Eck Associates Corporation | —  |
|  Vanguard<sup>®</sup> VIF Balanced |  | Wellington Management Company LLP | —  |
|  Vanguard<sup>®</sup> VIF Capital Growth |  | PRIMECAP Management Company | —  |
|  Vanguard<sup>®</sup> VIF Conservative Allocation |  | Vanguard Group Inc | —  |
|  Vanguard<sup>®</sup> VIF Diversified Value |  | Lazard Asset Management LLC;Hotchkis & Wiley Capital Management LLC | —  |
|  Vanguard<sup>®</sup> VIF Equity Income |  | Vanguard Group Inc<br> Wellington Management Company LLP | —  |
|  Vanguard<sup>®</sup> VIF Equity Index |  | Vanguard Group Inc | —  |
|  Vanguard<sup>®</sup> VIF Global Bond Index |  | Vanguard Group Inc | —  |
|  Vanguard<sup>®</sup> VIF Growth |  | Wellington Management Company LLP | —  |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | | |
|:---|:---|:---|:---|
| **Subaccount/Mutual Fund** | **Class** | **Investment Adviser** | **Sub-Adviser** |
|  Vanguard<sup>®</sup> VIF High Yield Bond |  | Wellington Management Company LLP | —  |
|  Vanguard<sup>®</sup> VIF International |  | Baillie Gifford Overseas Ltd;Schroder Investment Management North America Inc | —  |
|  Vanguard<sup>®</sup> VIF Mid-Cap Index |  | Vanguard Group Inc | —  |
|  Vanguard<sup>®</sup> VIF Moderate Allocation |  | Vanguard Group Inc | —  |
|  Vanguard<sup>®</sup> VIF Real Estate Index |  | Vanguard Group Inc | —  |
|  Vanguard<sup>®</sup> VIF Short Term Investment Grade |  | Vanguard Group Inc | —  |
|  Vanguard<sup>®</sup> VIF Small Company Growth |  | ArrowMark Colorado Holdings, LLC (ArrowMark Partners);Vanguard Group Inc | —  |
|  Vanguard<sup>®</sup> VIF Total Bond Market Index |  | Vanguard Group Inc | —  |
|  Vanguard<sup>®</sup> VIF Total International Stock Market Index |  | Vanguard Group Inc | —  |
|  Vanguard<sup>®</sup> VIF Total Stock Market Index |  | Vanguard Group Inc | —  |
|  Victory Pioneer Bond VCT Portfolio | Class II | Amundi Asset Management US, Inc | —  |
|  Victory Pioneer Equity Income VCT Portfolio | Class II | Amundi Asset Management US, Inc | —  |
|  Victory Pioneer High Yield VCT Portfolio | Class II | Amundi Asset Management US, Inc | —  |
|  Victory Pioneer Strategic Income VCT Portfolio | Class II | Amundi Asset Management US, Inc | —  |
|  Virtus Duff & Phelps Real Estate Securities Series | A | Virtus Investment Advisers, Inc | Duff & PheLPs Investment Management Co |
|  Virtus KAR Small-Cap Growth Series | A | Virtus Investment Advisers, Inc | Kayne Anderson Rudnick Inv Mgmt., LLC |
|  Virtus Newfleet Multi-Sector Intermediate Bond Series | A | Virtus Investment Advisers, Inc | Newfleet Asset Management, LLC |
|  Virtus SGA International Growth Series | A | Virtus Investment Advisers, Inc | Sustainable Growth Advisers, LP |
|  Virtus Tactical Allocation Series | A Shares | Virtus Investment Advisors (VIA) | Newfleet Asset Management, LLC<br> Kayne Anderson Rudnick Investment Management LLC |
|  Voya MidCap Opportunities Portfolio | S2 | Voya Investments, LLC | Voya Investment Management Co. LLC |
|  VY CBRE Global Real Estate Portfolio | S2 | Voya Investments, LLC | CBRE Clarion Securities LLC |
|  VY CBRE Real Estate Portfolio | S2 | Voya Investments, LLC | CBRE Clarion Securities LLC |
|  Western Asset Variable Global High Yield Bond | II | Legg Mason Partners Fund Advisor, LLC | Western Asset Management Company Pte Ltd – Singapore Inc<br> Western Asset Management Company, LLC Inc<br> Western Asset Management Company Ltd – UK |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

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

The Account has one underlying fund, BlackRock High Yield V.I., that pays dividends on the first of each month. The daily dividend amount is accumulated and the balance is recognised on the Statements of Net Assets as Investment Income Receivable.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

Two Hundred Eighty-seven subaccounts are currently offered by the Account. The following subaccounts had no activity for two consecutive years and are not included in the Statements of Net Assets or the Statements of Operations and Change in Net Assets:

---

| |
|:---|
| **Subaccount** |
| AB VPS Dynamic Asset Allocation |
| AB VPS Sustainable Global Thematic Growth |
| BlackRock Capital Appreciation V.I. |
| BNY Mellon Stock Index |
| Dimensional VA Equity Allocation |
| Dimensional VA Global Bond Portfolio |
| Donoghue Forlines Momentum VIT Fund |
| Goldman Sachs VIT Large Cap Value |
| Goldman Sachs VIT Small Cap Equity Insights |
| Goldman Sachs VIT Strategic Growth |
| Invesco V.I. American Franchise Series II |
| Invesco V.I. Global Core Equity |
| Invesco V.I. Growth and Income |
| Invesco V.I. High Yield |
| Janus Henderson VIT Mid Cap Value |
| Lord Abbett Series Dividend Growth VC |
| Lord Abbett Series Fundamental Equity VC |
| Lord Abbett Series Mid Cap Stock VC |
| Lord Abbett Series Total Return VC |
| MFS<sup>®</sup> VIT Emerging Markets Equity |
| MFS<sup>®</sup> VIT High Yield |
| MFS<sup>®</sup> VIT II MA Investors Growth Stock |
| MFS<sup>®</sup> VIT Investors Trust |
| Morgan Stanley VIF Emerging Markets Debt |
| Morgan Stanley VIF Emerging Markets Equity |
| NAA Large Core Series |
| NAA Small Growth Series |
| Nomura VIP Core Equity Series |
| Nomura VIP Value Series |
| PIMCO VIT Global Managed Asset Allocation |
| Putnam VT Diversified Income |
| Putnam VT Global Asset Allocation |
| Putnam VT High Yield |
| Putnam VT Income |
| Rydex VIF High Yield Strategy |
| Rydex VIF Inverse Dow 2x Strategy |
| Rydex VIF Telecommunications |
| Templeton Growth VIP Fund |
| Third Avenue Value |
| TOPS<sup>®</sup> Aggressive Growth ETF |
| TOPS<sup>®</sup> Balanced ETF |
| TOPS<sup>®</sup> Conservative ETF |
| TOPS<sup>®</sup> Growth ETF |
| TOPS<sup>®</sup> Managed Risk Balanced ETF |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| |
|:---|
| **Subaccount** |
| TOPS<sup>®</sup> Managed Risk Growth ETF |
| TOPS<sup>®</sup> Managed Risk Moderate Growth ETF |
| TOPS<sup>®</sup> Moderate Growth ETF |
| Victory Pioneer High Yield VCT Portfolio |
| Virtus Tactical Allocation Series |
| Western Asset Variable Global High Yield Bond |

---

All subaccounts reported a full twelve month period except in the incepted year for the following:

---

| | |
|:---|:---|
| **Inception Date** | **Subaccount** |
| December 17, 2021 | Donoghue Forlines Dividend VIT Fund |
| December 17, 2021 | Donoghue Forlines Momentum VIT Fund |

---

During the current year the following subaccount name changes were made effective:

---

| | | |
|:---|:---|:---|
| **Date** | **New Name** | **Old Name** |
|  April 1, 2025 | Victory Pioneer Bond VCT Portfolio | Pioneer Bond VCT |
|  April 1, 2025 | Victory Pioneer Equity Income VCT Portfolio | Pioneer Equity Income VCT |
|  April 1, 2025 | Victory Pioneer High Yield VCT Portfolio | Pioneer High Yield VCT |
|  April 1, 2025 | Victory Pioneer Strategic Income VCT Portfolio | Pioneer Strategic Income VCT |
|  July 28, 2025 | Neuberger Berman AMT Quality Equity Portfolio | Neuberger Berman AMT Sustainable Equity |
|  August 22, 2025 | Invesco V.I. International Growth Fund | Invesco Oppenheimer V.I. International Growth Fund |
|  December 1, 2025 | Nomura VIP Asset Strategy Series | Macquarie VIP Asset Strategy |
|  December 1, 2025 | Nomura VIP Balanced Series | Macquarie VIP Balanced |
|  December 1, 2025 | Nomura VIP Core Equity Series | Macquarie VIP Core Equity |
|  December 1, 2025 | Nomura VIP Energy Series | Macquarie VIP Energy |
|  December 1, 2025 | Nomura VIP Global Growth Series | Macquarie VIP Global Growth |
|  December 1, 2025 | Nomura VIP Growth Series | Macquarie VIP Growth |
|  December 1, 2025 | Nomura VIP High Income Series | Macquarie VIP High Income |
|  December 1, 2025 | Nomura VIP International Core Equity Series | Macquarie VIP International Core Equity |
|  December 1, 2025 | Nomura VIP Limited+Term Bond Series | Macquarie VIP Limited-Term Bond |
|  December 1, 2025 | Nomura VIP Mid Cap Growth Series | Macquarie VIP Mid Cap Growth |
|  December 1, 2025 | Nomura VIP Natural Resources Series | Macquarie VIP Natural Resources |
|  December 1, 2025 | Nomura VIP Science And Technology Series | Macquarie VIP Science And Technology |
|  December 1, 2025 | Nomura VIP Small Cap Growth Series | Macquarie VIP Small Cap Growth |
|  December 1, 2025 | Nomura VIP Smid Cap Core Series | Macquarie VIP Smid Cap Core |
|  December 1, 2025 | Nomura VIP Value Series | Macquarie VIP Value |

---

The following subaccounts are closed to new investments:

---

| |
|:---|
| **Subaccount** |
| Alger Capital Appreciation |
| LVIP American Century Mid Cap Value |
| Rydex VIF Dow 2x Strategy |
| Rydex VIF Europe 1.25x Strategy |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| |
|:---|
| **Subaccount** |
| Rydex VIF Government Long Bond 1.2x Strategy |
| Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy |
| Rydex VIF Inverse S&P 500 Strategy |
| Rydex VIF Japan 2x Strategy |
| Rydex VIF Mid-Cap 1.5x Strategy |
| Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy |
| Rydex VIF Nova |
| Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy |
| Rydex VIF Russell 2000<sup>®</sup> 2x Strategy |
| Rydex VIF S&P 500 2x Strategy |
| Rydex VIF Strengthening Dollar 2x Strategy |
| Rydex VIF Weakening Dollar 2x Strategy |
| Vanguard<sup>®</sup> VIF Small Company Growth |

---

#### Investment Valuation
Investments in mutual fund shares are carried in the Statements of Net Assets at market value (net asset value of the underlying mutual fund). Investment transactions are accounted for on the trade date. Realized capital gains and losses on sales of investments are determined based on the average cost of investments sold. The difference between cost and current market value of investments owned on the day of measurement is recorded as unrealized appreciation or depreciation of investments.

The cost of investment purchases and proceeds from investments sold for the year ended December 31, 2025 were as follows:

---

| | | |
|:---|:---|:---|
| **Subaccount** | **Cost of Purchases** | **Proceeds from Sales** |
|  AB VPS Relative Value Portfolio | $3714 | $585 |
|  AFIS Capital World Growth and Income | 9021 | 75864 |
|  AFIS U.S. Government Securities | 36085 | 13209 |
|  AFIS Washington Mutual Investors | 202041 | 54791 |
|  Alger Capital Appreciation (b) | 97507 | 467210 |
|  Alger Large Cap Growth | 48073 | 1751 |
|  Allspring Opportunity VT | 14224 | 15046 |
|  Allspring VT Discovery All Cap Growth Fund | 40543 | 1678 |
|  ALPS/Alerian Energy Infrastructure | 13773 | 78627 |
|  American Funds IS<sup>®</sup> Asset Allocation | 56977 | 9242 |
|  American Funds IS<sup>®</sup> Capital World Bond | 2790 | 353 |
|  American Funds IS<sup>®</sup> Global Growth | 74633 | 72101 |
|  American Funds IS<sup>®</sup> Global Small Capitalization | 11244 | 290 |
|  American Funds IS<sup>®</sup> Growth | 1381234 | 313517 |
|  American Funds IS<sup>®</sup> Growth-Income | 115000 | 95490 |
|  American Funds IS<sup>®</sup> International | 595 | 47270 |
|  American Funds IS<sup>®</sup> International Growth and Income | 7881 | 5639 |
|  American Funds IS<sup>®</sup> Mortgage | 206014 | 205117 |
|  American Funds IS<sup>®</sup> New World | 14412 | 5157 |
|  BlackRock Advantage Large Cap Core V.I. | 4422 | 535 |
|  BlackRock Basic Value V.I. | 3268 | 830 |
|  BlackRock Equity Dividend V.I. | 67487 | 4791 |
|  BlackRock Global Allocation V.I. | 16230 | 1378 |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | |
|:---|:---|:---|
| **Subaccount** | **Cost of Purchases** | **Proceeds from Sales** |
|  BlackRock High Yield V.I. | $44394 | $50233 |
|  BlackRock Large Cap Focus Growth V.I. | 14445 | 128566 |
|  BNY Mellon IP Small Cap Stock Index | 10659 | 24229 |
|  BNY Mellon IP Technology Growth | 138688 | 16278 |
|  BNY Mellon VIF Appreciation | 100654 | 76827 |
|  Dimensional VA Global Moderate Allocation |  | 46334 |
|  Dimensional VA International Small Portfolio | 230494 | 251878 |
|  Dimensional VA International Value Portfolio | 183974 | 90333 |
|  Dimensional VA Short-Term Fixed Portfolio | 96796 | 121673 |
|  Dimensional VA U.S. Large Value Portfolio | 25908 | 75598 |
|  Dimensional VA U.S. Targeted Value Portfolio | 383238 | 11773 |
|  Donoghue Forlines Dividend VIT Fund | 239 | 141 |
|  DWS Small Mid Cap Value VIP | 55786 | 479491 |
|  Eaton Vance VT Floating-Rate Income | 35525 | 3346 |
|  Federated Hermes Fund for U.S. Government Securities II | 7605 | 8920 |
|  Federated Hermes High Income Bond II | 20308 | 19154 |
|  Fidelity<sup>®</sup> VIP Balanced | 73198 | 96858 |
|  Fidelity<sup>®</sup> VIP Contrafund | 341496 | 562787 |
|  Fidelity<sup>®</sup> VIP Disciplined Small Cap | 41793 | 3682 |
|  Fidelity<sup>®</sup> VIP Emerging Markets | 541228 | 49290 |
|  Fidelity<sup>®</sup> VIP Growth & Income | 100886 | 32532 |
|  Fidelity<sup>®</sup> VIP Growth Opportunities | 117506 | 1477650 |
|  Fidelity<sup>®</sup> VIP High Income | 2537 | 468 |
|  Fidelity<sup>®</sup> VIP Index 500 | 431390 | 115763 |
|  Fidelity<sup>®</sup> VIP Investment Grade Bond | 35523 | 88233 |
|  Fidelity<sup>®</sup> VIP Mid Cap | 9171 | 3738 |
|  Fidelity<sup>®</sup> VIP Overseas | 30698 | 21277 |
|  Fidelity<sup>®</sup> VIP Real Estate | 1232 | 512 |
|  Fidelity<sup>®</sup> VIP Strategic Income | 7265 | 3660 |
|  Franklin DynaTech VIP | 33499 | 2312 |
|  Franklin Growth and Income VIP Fund | 45581 | 3231 |
|  Franklin Income VIP Fund | 17113 | 4546 |
|  Franklin Large Cap Growth VIP Fund | 88574 | 113900 |
|  Franklin Mutual Global Discovery VIP Fund | 19377 | 1019 |
|  Franklin Mutual Shares VIP Fund | 8791 | 254 |
|  Franklin Rising Dividends VIP Fund | 81727 | 6252 |
|  Franklin Small Cap Value VIP Fund | 51161 | 420067 |
|  Franklin Small-Mid Cap Growth VIP Fund | 71942 | 111386 |
|  Franklin Strategic Income VIP Fund | 1666 | 35417 |
|  Franklin U.S. Government Securities VIP Fund | 11420 | 359650 |
|  Goldman Sachs VIT International Equity Insights | 206218 | 228257 |
|  Goldman Sachs VIT Mid Cap Growth Fund | 582998 | 34680 |
|  Goldman Sachs VIT Mid Cap Value | 25865 | 19467 |
|  Guggenheim VIF Floating Rate Strategies | 14036 | 2861 |
|  Guggenheim VIF Global Managed Futures Strategy | 1311 | 4645 |
|  Guggenheim VIF High Yield | 10038 | 329 |
|  Guggenheim VIF Multi-Hedge Strategies | 6551 | 9265 |
|  Guggenheim VIF Total Return Bond | 225517 | 30851 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | |
|:---|:---|:---|
| **Subaccount** | **Cost of Purchases** | **Proceeds from Sales** |
|  Invesco V.I. American Franchise Series I | $31399 | $21456 |
|  Invesco V.I. American Value | 2793 | 248 |
|  Invesco V.I. Balanced-Risk Allocation | 1185 | 77 |
|  Invesco V.I. Comstock | 4616 | 32 |
|  Invesco V.I. Core Equity | 7279 | 222 |
|  Invesco V.I. Discovery Mid Cap Growth | 495 | 72 |
|  Invesco V.I. Equally-Weighted S&P 500 | 316904 | 1006 |
|  Invesco V.I. Equity and Income | 1850 | 364 |
|  Invesco V.I. EVQ International Equity Fund | 23884 | 31636 |
|  Invesco V.I. Global | 21617 | 50675 |
|  Invesco V.I. Global Real Estate | 325 | 2066 |
|  Invesco V.I. Global Strategic Income | 5786 | 1641 |
|  Invesco V.I. Government Securities | 12165 | 12502 |
|  Invesco V.I. Health Care | 80549 | 74087 |
|  Invesco V.I. International Growth Fund (a) | 10968 | 13727 |
|  Invesco V.I. Main Street Mid Cap Fund<sup>®</sup> | 19365 | 4908 |
|  Invesco V.I. Main Street Small Cap Fund<sup>®</sup> | 45086 | 18107 |
|  Invesco V.I. Small Cap Equity | 2139 | 577 |
|  Janus Henderson VIT Enterprise | 64408 | 51716 |
|  Janus Henderson VIT Forty | 297446 | 100280 |
|  Janus Henderson VIT Overseas | 19965 | 5096 |
|  Janus Henderson VIT Research | 10239 | 24212 |
|  Lord Abbett Series Bond-Debenture VC | 20691 | 26476 |
|  Lord Abbett Series Developing Growth VC | 186 | 4961 |
|  Lord Abbett Series Growth and Income VC | 13715 | 2013 |
|  Lord Abbett Series Growth Opportunities VC | 24580 | 1495 |
|  LVIP American Century Disciplined Core Value | 1221 | 4449 |
|  LVIP American Century Inflation Protection | 3444 | 1272 |
|  LVIP American Century International | 366 | 446 |
|  LVIP American Century Mid Cap Value (b) | 541162 | 4520 |
|  LVIP American Century Value | 6434 | 625 |
|  LVIP JPMorgan Core Bond Fund | 631 | 12076 |
|  LVIP JPMorgan Small Cap Core Fund | 4858 | 3855 |
|  LVIP JPMorgan US Equity Fund | 671 | 300 |
|  MFS<sup>®</sup> VIT II Research International | 797 | 895 |
|  MFS<sup>®</sup> VIT International Intrinsic Value | 11814 | 8926 |
|  MFS<sup>®</sup> VIT New Discovery | 3336 | 322112 |
|  MFS<sup>®</sup> VIT Research | 13315 | 4444 |
|  MFS<sup>®</sup> VIT Total Return | 3330 | 6214 |
|  MFS<sup>®</sup> VIT Total Return Bond | 30061 | 30061 |
|  MFS<sup>®</sup> VIT Utilities | 1425 | 436 |
|  Morningstar Aggressive Growth ETF Asset Allocation Portfolio |  | 29374 |
|  Morningstar Balanced ETF Asset Allocation Portfolio | 286562 | 523657 |
|  Morningstar Conservative ETF Asset Allocation Portfolio | 269002 | 318552 |
|  Morningstar Growth ETF Asset Allocation Portfolio | 17206 | 103836 |

---

(a) Name change. See Note 1.

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | |
|:---|:---|:---|
| **Subaccount** | **Cost of Purchases** | **Proceeds from Sales** |
|  Morningstar Income and Growth ETF Asset Allocation Portfolio | $4619 | $13782 |
|  NAA All Cap Value Series | 31412 | 2830 |
|  NAA Large Cap Value Series | 115313 | 101813 |
|  NAA Large Growth Series | 18663 | 1206 |
|  NAA Mid Growth Series | 22243 | 18901 |
|  NAA Small Cap Value Series | 6360 | 2421 |
|  NAA Smid-Cap Value Series | 12146 | 1231 |
|  NAA World Equity Income Series | 9067 | 7464 |
|  Neuberger Berman AMT Quality Equity Portfolio (a) | 29906 | 123950 |
|  Nomura VIP Asset Strategy Series (a) | 48880 | 7554 |
|  Nomura VIP Balanced Series (a) | 1814 | 8975 |
|  Nomura VIP Energy Series (a) | 5837 | 6441 |
|  Nomura VIP Global Growth Series (a) | 18714 | 140058 |
|  Nomura VIP Growth Series (a) | 9779 | 33905 |
|  Nomura VIP High Income Series (a) | 1471 | 2492 |
|  Nomura VIP International Core Equity Series (a) | 2330 | 862 |
|  Nomura VIP Mid Cap Growth Series (a) | 164116 | 506773 |
|  Nomura VIP Natural Resources Series (a) |  | 77 |
|  Nomura VIP Science And Technology Series (a) | 54176 | 58535 |
|  Nomura VIP Small Cap Growth Series (a) | 14345 | 1143 |
|  Nomura VIP Smid Cap Core Series (a) | 147 | 48 |
|  PIMCO VIT All Asset | 28199 | 30835 |
|  PIMCO VIT CommodityRealReturn Strategy | 3928 | 3287 |
|  PIMCO VIT Emerging Markets Bond | 28722 | 11294 |
|  PIMCO VIT Global Bond Opportunities Portfolio (Unhedged) | 251 | 25 |
|  PIMCO VIT International Bond Portfolio (Unhedged) | 5532 | 3213 |
|  PIMCO VIT Low Duration Administrative | 56514 | 712735 |
|  PIMCO VIT Low Duration Advisor | 10883 | 15175 |
|  PIMCO VIT Real Return Administrative | 32741 | 52508 |
|  PIMCO VIT Real Return Advisor | 212435 | 210484 |
|  PIMCO VIT Short-Term | 119559 | 81760 |
|  PIMCO VIT Total Return Administrative | 19817 | 79232 |
|  PIMCO VIT Total Return Advisor | 18576 | 12816 |
|  Putnam VT Core Equity Fund | 8542 | 78656 |
|  Putnam VT Large Cap Growth Fund | 61662 | 9216 |
|  Putnam VT Large Cap Value | 69742 | 394445 |
|  Putnam VT Small Cap Growth | 327322 | 1120 |
|  Rydex VIF Banking | 521 | 2800 |
|  Rydex VIF Basic Materials | 32186 | 15757 |
|  Rydex VIF Biotechnology | 9788 | 7005 |
|  Rydex VIF Commodities Strategy | 20719 | 14820 |
|  Rydex VIF Consumer Products | 4726 | 8683 |
|  Rydex VIF Dow 2x Strategy (b) | 888 | 17783 |
|  Rydex VIF Electronics | 82871 | 5604 |
|  Rydex VIF Energy | 9209 | 12020 |

---

(a) Name change. See Note 1.

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | |
|:---|:---|:---|
| **Subaccount** | **Cost of Purchases** | **Proceeds from Sales** |
|  Rydex VIF Energy Services | $10 | $355 |
|  Rydex VIF Europe 1.25x Strategy (b) |  |  |
|  Rydex VIF Financial Services | 832 | 31721 |
|  Rydex VIF Government Long Bond 1.2x Strategy (b) | 220 | 626 |
|  Rydex VIF Health Care | 16236 | 12767 |
|  Rydex VIF Internet | 28454 | 5269 |
|  Rydex VIF Inverse Government Long Bond Strategy | 17178 | 17356 |
|  Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy | 622 | 615 |
|  Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy (b) | 11 | 40 |
|  Rydex VIF Inverse S&P 500 Strategy (b) | 247 | 8 |
|  Rydex VIF Japan 2x Strategy (b) | 2540 | 1054 |
|  Rydex VIF Leisure |  | 929 |
|  Rydex VIF Mid-Cap 1.5x Strategy (b) | 568 | 2266 |
|  Rydex VIF Money Market | 585709 | 1020233 |
|  Rydex VIF NASDAQ-100<sup>®</sup> | 98819 | 66286 |
|  Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy (b) | 6063 | 890 |
|  Rydex VIF Nova (b) | 7197 | 13424 |
|  Rydex VIF Precious Metals | 13176 | 9597 |
|  Rydex VIF Real Estate | 12152 | 29555 |
|  Rydex VIF Retailing | 953 | 584 |
|  Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy (b) | 1675 | 2524 |
|  Rydex VIF Russell 2000<sup>®</sup> 2x Strategy (b) | 14 | 5 |
|  Rydex VIF S&P 500 2x Strategy (b) | 17597 | 18745 |
|  Rydex VIF S&P 500 Pure Growth | 40973 | 29619 |
|  Rydex VIF S&P 500 Pure Value | 57734 | 67497 |
|  Rydex VIF S&P MidCap 400 Pure Growth | 16328 | 116176 |
|  Rydex VIF S&P MidCap 400 Pure Value | 20505 | 27524 |
|  Rydex VIF S&P SmallCap 600 Pure Growth |  | 351 |
|  Rydex VIF S&P SmallCap 600 Pure Value | 1684 | 10166 |
|  Rydex VIF Strengthening Dollar 2x Strategy (b) | 7575 | 10231 |
|  Rydex VIF Technology | 186978 | 56612 |
|  Rydex VIF Transportation |  | 329 |
|  Rydex VIF Utilities | 3761 | 4925 |
|  Rydex VIF Weakening Dollar 2x Strategy (b) | 1224 | 1237 |
| T. Rowe Price Blue Chip Growth | 108491 | 545247 |
| T. Rowe Price Equity Income | 49892 | 13373 |
| T. Rowe Price Health Sciences | 14744 | 68861 |
| T. Rowe Price Limited-Term Bond | 55412 | 56410 |
|  Templeton Developing Markets VIP Fund | 25419 | 26796 |
|  Templeton Foreign VIP Fund | 32581 | 7615 |
|  Templeton Global Bond VIP Fund |  | 5921 |
|  VanEck VIP Global Gold | 500978 | 2807 |
|  VanEck VIP Global Resources | 14012 | 208 |
|  Vanguard<sup>®</sup> VIF Balanced | 23087 | 4688 |
|  Vanguard<sup>®</sup> VIF Capital Growth | 39845 | 18894 |
|  Vanguard<sup>®</sup> VIF Conservative Allocation | 12322 | 193736 |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | | |
|:---|:---|:---|
| **Subaccount** | **Cost of Purchases** | **Proceeds from Sales** |
|  Vanguard<sup>®</sup> VIF Diversified Value | $161387 | $8943 |
|  Vanguard<sup>®</sup> VIF Equity Income | 86149 | 27436 |
|  Vanguard<sup>®</sup> VIF Equity Index | 136043 | 110635 |
|  Vanguard<sup>®</sup> VIF Global Bond Index | 288 | 167 |
|  Vanguard<sup>®</sup> VIF Growth | 135975 | 11394 |
|  Vanguard<sup>®</sup> VIF High Yield Bond | 10071 | 45380 |
|  Vanguard<sup>®</sup> VIF International | 65847 | 16227 |
|  Vanguard<sup>®</sup> VIF Mid-Cap Index | 106523 | 37994 |
|  Vanguard<sup>®</sup> VIF Moderate Allocation | 125386 | 54082 |
|  Vanguard<sup>®</sup> VIF Real Estate Index | 4881 | 12615 |
|  Vanguard<sup>®</sup> VIF Short Term Investment Grade | 148868 | 181640 |
|  Vanguard<sup>®</sup> VIF Small Company Growth (b) | 5313 | 1441 |
|  Vanguard<sup>®</sup> VIF Total Bond Market Index | 202067 | 181683 |
|  Vanguard<sup>®</sup> VIF Total International Stock Market Index | 12151 | 24594 |
|  Vanguard<sup>®</sup> VIF Total Stock Market Index | 290664 | 75820 |
|  Victory Pioneer Bond VCT Portfolio (a) | 7231 | 5743 |
|  Victory Pioneer Equity Income VCT Portfolio (a) | 2582 | 229 |
|  Victory Pioneer Strategic Income VCT Portfolio (a) | 3557 | 2572 |
|  Virtus Duff & Phelps Real Estate Securities Series | 527 | 245 |
|  Virtus KAR Small-Cap Growth Series | 60126 | 58116 |
|  Virtus SGA International Growth Series | 1879 | 1604 |
|  Voya MidCap Opportunities Portfolio | 10485 | 1227 |
|  VY CBRE Global Real Estate Portfolio | 277 | 190 |
|  VY CBRE Real Estate Portfolio | 634 | 78 |

---

(a) Name change. See Note 1.

(b) Closed to new investments. See Note 1.

#### Market Risk
Each subaccount invests in shares of a single underlying fund. The investment performance of each subaccount will reflect the investment performance of the underlying fund less separate account expenses. There is no assurance that the investment objective of any underlying fund will be met. A fund calculates a daily net asset value per share ("NAV") which is based on the market value of its investment portfolio. The amount of risk varies significantly between subaccounts. Due to the level of risk associated with certain investment portfolios, it is at least reasonably possible that changes in the values of investment portfolios will occur in the near term and that such changes could materially affect contractholders' investments in the funds and the amounts reported in the Statements of Net Assets. The contractholder assumes all of the investment performance risk for the subaccounts selected.

#### Annuity Assets
Annuity Assets relate to contracts that have matured and are in the payout stage. Such assets are computed on the basis of published mortality tables using assumed interest rates that will provide assets as prescribed by law. In cases where the payout option selected is life contingent, FSBL periodically recalculates the required annuity assets, and any resulting adjustment is either charged or credited to FSBL and not to the Account.

The annuity assets for December 31, 2025 by subaccount are as follows:

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

---

| | |
|:---|:---|
| **Subaccount** | **Annuity Assets** |
|  Allspring Opportunity VT | $75566 |
|  American Funds IS<sup>®</sup> International | 21823 |
|  American Funds IS<sup>®</sup> International Growth and Income | 44130 |
|  American Funds IS<sup>®</sup> New World | 5639 |
|  BlackRock High Yield V.I. | 1385 |
|  BlackRock Large Cap Focus Growth V.I. | 7051 |
|  Federated Hermes Fund for U.S. Government Securities II | 8880 |
|  Federated Hermes High Income Bond II | 19691 |
|  Fidelity<sup>®</sup> VIP Contrafund | 41459 |
|  Fidelity<sup>®</sup> VIP Growth Opportunities | 153801 |
|  Fidelity<sup>®</sup> VIP Index 500 | 6634 |
|  Fidelity<sup>®</sup> VIP Investment Grade Bond | 2753 |
|  Fidelity<sup>®</sup> VIP Mid Cap | 7642 |
|  Franklin Small Cap Value VIP Fund | 12413 |
|  Franklin Small-Mid Cap Growth VIP Fund | 38260 |
|  Goldman Sachs VIT International Equity Insights | 18866 |
|  Guggenheim VIF Total Return Bond | 37475 |
|  Invesco V.I. American Franchise Series I | 18364 |
|  Invesco V.I. EVQ International Equity Fund | 16629 |
|  Invesco V.I. Main Street Small Cap Fund<sup>®</sup> | 48041 |
|  Janus Henderson VIT Mid Cap Value | 12620 |
|  Lord Abbett Series Bond-Debenture VC | 4618 |
|  LVIP JPMorgan Core Bond Fund | 47141 |
|  LVIP JPMorgan Small Cap Core Fund | 6187 |
|  MFS<sup>®</sup> VIT Investors Trust | 31250 |
|  NAA All Cap Value Series | 5025 |
|  NAA World Equity Income Series | 18807 |
|  Neuberger Berman AMT Quality Equity Portfolio | 44822 |
|  Nomura VIP Mid Cap Growth Series | 8301 |
|  PIMCO VIT Emerging Markets Bond | 3735 |
|  PIMCO VIT Low Duration Administrative | 23214 |
|  PIMCO VIT Real Return Administrative | 32184 |
|  PIMCO VIT Total Return Administrative | 25448 |
|  Rydex VIF Basic Materials | 20253 |
|  Rydex VIF Government Long Bond 1.2x Strategy | 5355 |
|  Rydex VIF Money Market | 178320 |
|  Rydex VIF Real Estate | 7902 |
|  Rydex VIF S&P 500 Pure Growth | 7792 |
|  Rydex VIF S&P 500 Pure Value | 10252 |
|  Rydex VIF S&P MidCap 400 Pure Value | 9474 |
|  Rydex VIF S&P SmallCap 600 Pure Value | 9447 |
| T. Rowe Price Equity Income | 22646 |
|  Templeton Developing Markets VIP Fund | 15751 |
|  Templeton Global Bond VIP Fund | 4557 |
|  Vanguard<sup>®</sup> VIF Equity Income | 53134 |
|  Vanguard<sup>®</sup> VIF Equity Index | 35721 |
|  Vanguard<sup>®</sup> VIF Total Bond Market Index | 36680 |
|  Virtus KAR Small-Cap Growth Series | 4525 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

1. Organization and Significant Accounting Policies (continued)

#### Reinvestment of Dividends
Dividend and capital gain distributions paid by the mutual funds to the Account are reinvested in additional shares of each respective fund. Dividend income and capital gain distributions are recorded as income on the ex-dividend date.

#### Federal Income Taxes
The operations of the Account are included in the federal income tax return of FSBL, which is taxed as a life insurance company under the provisions of the Internal Revenue Code (IRC). Under the current provisions of the IRC, FSBL does not expect to incur federal income taxes on the earnings of the Account to the extent the earnings are credited under contracts. Based on this, no charge is being made currently to the Account for federal income taxes. FSBL will review periodically the status of this policy in the event of changes in the tax law.

#### Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

#### Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price).

The Account invests in shares of open-end mutual funds, which process contractholders directed purchases, sales and transfers on a daily basis at the funds' computed NAVs. The fair value of the Account's assets is based on the NAVs of mutual funds, which are obtained from the custodians and reflect the fair values of the mutual fund investments. The NAV is calculated daily and is based on the fair values of the underlying securities.

Because the fund provides liquidity for the investments through purchases and redemptions at NAV, this may represent the fair value of the investment in the fund. That is, for an open-ended mutual fund, the fair value of an investment in the fund would not be expected to be higher than the amount that a new investor would be required to spend in order to directly invest in the mutual fund. Similarly, the hypothetical seller of the investment would not be expected to accept less in proceeds than it could receive by directly redeeming its investment with the fund.

The Account had no financial liabilities as of December 31, 2025.

#### Segment Disclosures
An operating segment is defined in ASC Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker (CODM) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The CODM is Brian Beckett, Chief Financial Officer. The subaccount represents a single operating segment, as the CODM monitors the operating results of the subaccount and as a whole, the subaccount's long-term strategic asset allocation is pre-determined based on a defined investment strategy. The net increase (decrease) in net assets from operations, which is used by the CODM to assess the segment's performance is consistent with that presented within the subaccount's financial statements. Segment assets are reflected on the accompanying Statements of Net Assets as "Net Assets" and significant segment expenses are listed on the accompanying Statements of Operations and Change in Net Assets.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

2. Variable Annuity Contract Charges

#### AdvisorDesigns
*Mortality and Expense Risk Charge*: The mortality and expense risks assumed by FSBL are compensated for by a fee equivalent to a minimum annual rate of 0.85% of the average daily net assets. The mortality and expense risk charge is based on the daily value of the individual contract.

*Administrative Charge*: FSBL deducts a daily administrative charge equal to an annual rate of each Subaccount's average daily net asset value. The amount of these charges differs by Subaccount and ranges from 0.25% to 0.60%, as indicated in the below table:

---

| | |
|:---|:---|
| **Administrative<br>Charge** | **Subaccount** |
| 0.25% | NAA All Cap Value Series<br> NAA Large Cap Value Series<br> NAA Small Cap Value Series<br> NAA SMid Cap Value Series<br> NAA Mid Growth Series<br> NAA World Equity Income Series |
| 0.35% | Invesco V.I. EVQ International Equity Fund<br> Invesco V.I. Main Street Mid Cap Fund<sup>®</sup> |
| 0.40% | Invesco V.I. Main Street Small Cap Fund<sup>®</sup> |
| 0.45% | Guggenheim VIF Long Short Equity<br> Guggenheim VIF Multi-Hedge Strategies<br> Invesco V.I. Government Securities<br> each Rydex VIF Subaccounts |
| 0.50% | Federated Hermes High Income Bond II<br> Fidelity<sup>®</sup> VIP Contrafund<br> Fidelity<sup>®</sup> VIP Growth Opportunities<br> Fidelity<sup>®</sup> VIP Investment Grade Bond |
| 0.55% | Allspring Opportunity VT<br> Fidelity<sup>®</sup> VIP Index 500<br> PIMCO VIT Low Duration<br> PIMCO VIT Real Return<br> PIMCO VIT Total Return<br> Wells Fargo Opportunity VT |
| 0.60% | Federated Hermes Fund for U.S. Government Securities II<br> Franklin Small-Mid Cap Growth VIP Fund<br> Invesco V.I. American Franchise<br> Neuberger Berman AMT Quality Equity Portfolio<br> Templeton Developing Markets VIP Fund<br> Templeton Foreign VIP Fund |

---

These charges are presented as expenses on the Statements of Operations and Change in Net Assets under Mortality and expense risk and administrative charges line item.

*Premium Tax Charge*: When applicable, an amount for premium taxes is deducted as provided by pertinent state law either from the purchase payments or from the amount applied to effect an annuity at the time annuity payments commence.

Contract owner maintenance charges presented as a decrease in units on the Statements of Operations and Change in Net Assets under the Maintenance charges and mortality adjustments line item may include the following:

------

Variable Annuity Account A

Notes to Financial Statements (continued)

2. Variable Annuity Contract Charges (continued)

• *Mortality and Expense Risk Charge*: If the net asset value of an individual contract is less than $100,000, FSBL deducts an additional mortality and expense risk charge of 0.25% on contracts with a net asset value less than $25,000 and 0.10% on contracts with a net asset value of at least $25,000 but less than $100,000, as a contract level deduction.

• *Contingent Deferred Sales Charge (CDSC)*: FSBL deducts a CDSC (also referred to as a "withdrawal charge") of up to 7% of any portion of a withdrawal, consisting of purchase payments, that exceed the free withdrawal amount for units withdrawn in the first seven years of the contract.

• *Account Administrative Charge*: FSBL deducts an account administrative fee of $30 at each contract anniversary, except for certain contracts based on a minimum account value and the period of time the contract has been in force.

• *Rider Charge*: FSBL deducts an amount for each rider, equal to a percentage of the contract value, not to exceed a total charge of 2% of the contract value.

#### EliteDesigns
*Mortality and Expense Risk Charge*: The EliteDesigns and EliteDesigns II mortality and expense risks assumed by FSBL are compensated for by a fee equivalent to an annual rate ranging from 0.00% to 1.20% of the average daily net assets. EliteDesigns: If the net asset value of an individual contract is less than $500,000, FSBL deducts a mortality and expense risk charge of 0.20%. If the net asset value of an individual contract is greater than $500,000, no mortality and expense risk charge is deducted. EliteDesigns II: Prior to December 2, 2021, FSBL deducted a mortality an expense risk charge of 1.20%. After December 2, 2021, If the net asset value of an individual contract is less than $500,000, FSBL deducts a mortality and expense risk charge of 1.20%. If the net asset value of an individual contract is greater than $500,000, FSBL deducts a mortality and expense risk charge of 1.00. All contracts, once annuitized, will be assessed with a mortality and expense risk charge of 0.30% annually of the average daily net assets.

*Administrative Charge*: FSBL deducts a daily administrative charge equal to an annual rate of each subaccount's average daily net asset value. The amount of these charges differs by product and subaccount and ranges from 0.25% to 0.65%, as indicated in the following table:

---

| | | | |
|:---|:---|:---|:---|
| **Administrative<br>Charge** | **Product** | **Subaccount** | **Subaccount** |
| 0.65% | EliteDesigns II | Dimensional VA Equity Allocation<br> Dimensional VA Global Bond Portfolio<br> Dimensional VA Global Moderate Allocation<br> Dimensional VA International Small Portfolio<br> Dimensional VA International Value Portfolio<br> Dimensional VA Short-Term Fixed Portfolio<br> Dimensional VA U.S. Large Value Portfolio<br> Dimensional VA U.S. Targeted Value Portfolio<br> Vanguard<sup>®</sup> VIF Balanced<br> Vanguard<sup>®</sup> VIF Capital Growth<br> Vanguard<sup>®</sup> VIF Conservative Allocation<br> Vanguard<sup>®</sup> VIF Diversified Value<br> Vanguard<sup>®</sup> VIF Equity Income<br> Vanguard<sup>®</sup> VIF Equity Index | Vanguard<sup>®</sup> VIF Global Bond Index<br> Vanguard<sup>®</sup> VIF Growth<br> Vanguard<sup>®</sup> VIF High Yield Bond<br> Vanguard<sup>®</sup> VIF International<br> Vanguard<sup>®</sup> VIF Mid-Cap Index<br> Vanguard<sup>®</sup> VIF Moderate Allocation<br> Vanguard<sup>®</sup> VIF Real Estate Index<br> Vanguard<sup>®</sup> VIF Short Term Investment Grade<br> Vanguard<sup>®</sup> VIF Small Company Growth<br> Vanguard<sup>®</sup> VIF Total Bond Market Index<br> Vanguard<sup>®</sup> VIF Total International Stock Market Index<br> Vanguard<sup>®</sup> VIF Total Stock Market Index |
| 0.25% | EliteDesigns and EliteDesigns II | All other subaccounts |  |

---

These charges are presented as expenses on the Statements of Operations and Change in Net Assets under Mortality and expense risk and administrative charges line item.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

2. Variable Annuity Contract Charges (continued)

*Premium Tax Charge*: When applicable, an amount for premium taxes is deducted as provided by pertinent state law either from the purchase payments or from the amount applied to affect an annuity at the time annuity payments commence.

Contract owner maintenance charges presented as a decrease in units on the Statements of Operations and Change in Net Assets under the Maintenance charges and mortality adjustments line item may include the following:

• *Contingent Deferred Sales Charge (CDSC)*: For EliteDesigns with a 5 year contract rider, FSBL deducts a CDSC (also referred to as a "withdrawal charge") of up to 5% of any portion of a withdrawal, consisting of purchase payments, that exceed the free withdrawal amount for units withdrawn in the first five years of the contract. For EliteDesigns with a 0 year contract rider and EliteDesigns II contract, FSBL does not deduct any CDSC throughout the life of the contract.

• *Rider Charge*: FSBL deducts an amount for each optional rider, equal to a percentage of the contract value, not to exceed a total charge of 0.50% of the contract value.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

3. Summary of Unit Transactions

The changes in units outstanding for the periods December 31, 2025 and 2024 were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | | | **Net** | | | **Net** |
|  | **Units** | **Units** | **Increase** | **Units** | **Units** | **Increase** |
| **Subaccount** | **Issued** | **Redeemed** | **(Decrease)** | **Issued** | **Redeemed** | **(Decrease)** |
|  AB VPS Discovery Value Portfolio |  |  |  | 1 | (216) | (215) |
|  AB VPS Relative Value Portfolio | 66 | (4) | 62 | 64 | (4) | 60 |
|  AFIS Capital World Growth and Income | 321 | (4724) | (4403) | 358 | (15) | 343 |
|  AFIS U.S. Government Securities | 3766 | (626) | 3140 | 24631 | (8690) | 15941 |
|  AFIS Washington Mutual Investors | 6981 | (2125) | 4856 | 1697 | (1784) | (87) |
|  Alger Capital Appreciation (b) | 752 | (11435) | (10683) | 1068 | (754) | 314 |
|  Alger Large Cap Growth | 2574 | (94) | 2480 | 79 | (1950) | (1871) |
|  Allspring Opportunity VT | 66 | (414) | (348) | 67 | (412) | (345) |
|  Allspring VT Discovery All Cap Growth Fund | 142 | (9) | 133 | 139 | (9) | 130 |
|  ALPS/Alerian Energy Infrastructure | 565 | (6395) | (5830) | 7048 | (6780) | 268 |
|  American Funds IS<sup>®</sup> Asset Allocation | 1266 | (190) | 1076 | 4310 | (17947) | (13637) |
|  American Funds IS<sup>®</sup> Capital World Bond | 433 | (3) | 430 | 429 | (547) | (118) |
|  American Funds IS<sup>®</sup> Global Growth | 1545 | (3405) | (1860) | 900 | (1268) | (368) |
|  American Funds IS<sup>®</sup> Global Small Capitalization | 843 | (13) | 830 | 108 | (7220) | (7112) |
|  American Funds IS<sup>®</sup> Growth | 34452 | (9456) | 24996 | 5997 | (10710) | (4713) |
|  American Funds IS<sup>®</sup> Growth-Income | 1698 | (3905) | (2207) | 2639 | (2538) | 101 |
|  American Funds IS<sup>®</sup> International | 219 | (4935) | (4716) | 4228 | (18) | 4210 |
|  American Funds IS<sup>®</sup> International Growth and Income | 853 | (389) | 464 | 832 | (386) | 446 |
|  American Funds IS<sup>®</sup> Mortgage | 29285 | (29285) |  |  |  |  |
|  American Funds IS<sup>®</sup> New World | 976 | (223) | 753 | 547 | (269) | 278 |
|  BlackRock Advantage Large Cap Core V.I. | 45 | (3) | 42 | 43 | (19) | 24 |
|  BlackRock Basic Value V.I. | 41 | (35) | 6 | 56 | (8074) | (8018) |
|  BlackRock Equity Dividend V.I. | 2049 | (90) | 1959 | 424 | (2958) | (2534) |
|  BlackRock Global Allocation V.I. | 282 |  | 282 | 342 | (3283) | (2941) |
|  BlackRock High Yield V.I. | 2253 | (4099) | (1846) | 2661 | (795) | 1866 |
|  BlackRock Large Cap Focus Growth V.I. | 134 | (3640) | (3506) | 3686 | (205) | 3481 |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

3. Summary of Unit Transactions (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | | | **Net** | | | **Net** |
|  | **Units** | **Units** | **Increase** | **Units** | **Units** | **Increase** |
| **Subaccount** | **Issued** | **Redeemed** | **(Decrease)** | **Issued** | **Redeemed** | **(Decrease)** |
|  BNY Mellon IP Small Cap Stock Index | 173 | (1261) | (1088) | 2596 | (1940) | 656 |
|  BNY Mellon IP Technology Growth | 482 | (381) | 101 | 243 | (376) | (133) |
|  BNY Mellon VIF Appreciation | 4320 | (4304) | 16 | 15 | (1) | 14 |
|  Dimensional VA Global Moderate Allocation | 20 | (3958) | (3938) | 3939 | (1) | 3938 |
|  Dimensional VA International Small Portfolio | 16824 | (17747) | (923) | 1225 | (312) | 913 |
|  Dimensional VA International Value Portfolio | 9107 | (7055) | 2052 | 10822 | (23451) | (12629) |
|  Dimensional VA Short-Term Fixed Portfolio | 12384 | (15789) | (3405) | 4925 | (4568) | 357 |
|  Dimensional VA U.S. Large Value Portfolio | 588 | (4269) | (3681) | 913 | (9599) | (8686) |
|  Dimensional VA U.S. Targeted Value Portfolio | 14241 | (482) | 13759 | 1190 | (15063) | (13873) |
|  Donoghue Forlines Dividend VIT Fund | 47 | (11) | 36 | 36 | (2) | 34 |
|  DWS Small Mid Cap Value VIP | 924 | (30212) | (29288) | 2012 | (266) | 1746 |
|  Eaton Vance VT Floating-Rate Income | 2743 | (267) | 2476 | 1935 | (4619) | (2684) |
|  Federated Hermes Fund for U.S. Government Securities II | 911 | (982) | (71) | 669 | (746) | (77) |
|  Federated Hermes High Income Bond II | 938 | (1248) | (310) | 1077 | (1193) | (116) |
|  Fidelity<sup>®</sup> VIP Balanced | 1996 | (5186) | (3190) | 13209 | (3386) | 9823 |
|  Fidelity<sup>®</sup> VIP Contrafund | 2389 | (18100) | (15711) | 9676 | (5851) | 3825 |
|  Fidelity<sup>®</sup> VIP Disciplined Small Cap | 2154 | (109) | 2045 | 35 | (109) | (74) |
|  Fidelity<sup>®</sup> VIP Emerging Markets | 36843 | (3629) | 33214 | 6700 | (3254) | 3446 |
|  Fidelity<sup>®</sup> VIP Growth & Income | 1598 | (867) | 731 | 675 | (287) | 388 |
|  Fidelity<sup>®</sup> VIP Growth Opportunities | 2934 | (25340) | (22406) | 1978 | (10404) | (8426) |
|  Fidelity<sup>®</sup> VIP High Income | 115 | (8) | 107 | 137 | (1097) | (960) |
|  Fidelity<sup>®</sup> VIP Index 500 | 15868 | (3727) | 12141 | 7987 | (9390) | (1403) |
|  Fidelity<sup>®</sup> VIP Investment Grade Bond | 4202 | (10182) | (5980) | 2052 | (18696) | (16644) |
|  Fidelity<sup>®</sup> VIP Mid Cap | 100 | (180) | (80) | 98 | (58) | 40 |
|  Fidelity<sup>®</sup> VIP Overseas | 1476 | (1348) | 128 | 779 | (806) | (27) |
|  Fidelity<sup>®</sup> VIP Real Estate | 152 | (9) | 143 | 159 | (1434) | (1275) |
|  Fidelity<sup>®</sup> VIP Strategic Income | 662 | (130) | 532 | 674 | (1725) | (1051) |
|  Franklin DynaTech VIP | 1174 | (72) | 1102 | 31 | (871) | (840) |
|  Franklin Growth and Income VIP Fund | 568 | (4) | 564 | 551 | (14) | 537 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

3. Summary of Unit Transactions (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | | | **Net** | | | **Net** |
|  | **Units** | **Units** | **Increase** | **Units** | **Units** | **Increase** |
| **Subaccount** | **Issued** | **Redeemed** | **(Decrease)** | **Issued** | **Redeemed** | **(Decrease)** |
|  Franklin Income VIP Fund | 723 | (89) | 634 | 739 | (2217) | (1478) |
|  Franklin Large Cap Growth VIP Fund | 510 | (3362) | (2852) | 590 | (2086) | (1496) |
|  Franklin Mutual Global Discovery VIP Fund | 281 | (19) | 262 | 273 | (18) | 255 |
|  Franklin Mutual Shares VIP Fund | 128 | (4) | 124 | 165 | (1650) | (1485) |
|  Franklin Rising Dividends VIP Fund | 902 | (97) | 805 | 961 | (4751) | (3790) |
|  Franklin Small Cap Value VIP Fund | 754 | (21922) | (21168) | 1549 | (1874) | (325) |
|  Franklin Small-Mid Cap Growth VIP Fund | 2491 | (4302) | (1811) | 832 | (5102) | (4270) |
|  Franklin Strategic Income VIP Fund | 99 | (4465) | (4366) | 130 | (9) | 121 |
|  Franklin U.S. Government Securities VIP Fund | 1311 | (48646) | (47335) | 20817 | (2340) | 18477 |
|  Goldman Sachs VIT International Equity Insights | 18060 | (18040) | 20 | 20 | (1) | 19 |
|  Goldman Sachs VIT Mid Cap Growth Fund | 16171 | (1175) | 14996 | 487 | (369) | 118 |
|  Goldman Sachs VIT Mid Cap Value | 397 | (840) | (443) | 1839 | (1894) | (55) |
|  Guggenheim VIF Floating Rate Strategies | 504 | (117) | 387 | 515 | (2779) | (2264) |
|  Guggenheim VIF Global Managed Futures Strategy | 374 | (883) | (509) | 336 | (277) | 59 |
|  Guggenheim VIF High Yield | 889 | (5) | 884 | 56 | (206) | (150) |
|  Guggenheim VIF Multi-Hedge Strategies | 1264 | (1611) | (347) | 381 | (15389) | (15008) |
|  Guggenheim VIF Total Return Bond | 21887 | (2826) | 19061 | 15367 | (4007) | 11360 |
|  Invesco V.I. American Franchise Series I | 1008 | (870) | 138 | 198 | (1009) | (811) |
|  Invesco V.I. American Value | 29 | (2) | 27 | 29 | (2) | 27 |
|  Invesco V.I. Balanced-Risk Allocation | 49 | (3) | 46 | 71 | (1546) | (1475) |
|  Invesco V.I. Comstock | 232 |  | 232 | 232 | (19400) | (19168) |
|  Invesco V.I. Core Equity | 114 |  | 114 | 110 |  | 110 |
|  Invesco V.I. Discovery Mid Cap Growth | 9 | (1) | 8 | 34 | (1100) | (1066) |
|  Invesco V.I. Equally-Weighted S&P 500 | 26066 | (7) | 26059 | 25185 | (25140) | 45 |
|  Invesco V.I. Equity and Income | 53 | (4) | 49 | 108 | (3874) | (3766) |
|  Invesco V.I. EVQ International Equity Fund | 1305 | (2694) | (1389) | 1155 | (2896) | (1741) |
|  Invesco V.I. Global | 190 | (2681) | (2491) | 243 | (33) | 210 |
|  Invesco V.I. Global Real Estate |  | (151) | (151) | 18 | (1366) | (1348) |
|  Invesco V.I. Global Strategic Income | 428 | (49) | 379 | 478 | (2525) | (2047) |
|  Invesco V.I. Government Securities | 1932 | (1947) | (15) | 2489 | (2524) | (35) |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

3. Summary of Unit Transactions (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | | | **Net** | | | **Net** |
|  | **Units** | **Units** | **Increase** | **Units** | **Units** | **Increase** |
| **Subaccount** | **Issued** | **Redeemed** | **(Decrease)** | **Issued** | **Redeemed** | **(Decrease)** |
|  Invesco V.I. Health Care | 5731 | (5608) | 123 | 137 | (13) | 124 |
|  Invesco V.I. International Growth Fund (a) | 311 | (995) | (684) | 302 | (2249) | (1947) |
|  Invesco V.I. Main Street Mid Cap Fund<sup>®</sup> | 722 | (204) | 518 | 163 | (1011) | (848) |
|  Invesco V.I. Main Street Small Cap Fund<sup>®</sup> | 1181 | (660) | 521 | 1236 | (2731) | (1495) |
|  Invesco V.I. Small Cap Equity | 87 | (3) | 84 | 104 | (1332) | (1228) |
|  Janus Henderson VIT Enterprise | 1531 | (2014) | (483) | 406 | (2088) | (1682) |
|  Janus Henderson VIT Forty | 8230 | (2770) | 5460 | 2377 | (116) | 2261 |
|  Janus Henderson VIT Overseas | 2950 | (391) | 2559 | 2585 | (450) | 2135 |
|  Janus Henderson VIT Research | 95 | (592) | (497) | 101 | (7) | 94 |
|  Lord Abbett Series Bond-Debenture VC | 993 | (2178) | (1185) | 1384 | (5731) | (4347) |
|  Lord Abbett Series Developing Growth VC | 115 | (138) | (23) | 114 | (299) | (185) |
|  Lord Abbett Series Growth and Income VC | 201 | (29) | 172 | 196 | (36) | 160 |
|  Lord Abbett Series Growth Opportunities VC | 1100 | (68) | 1032 | 24 | (833) | (809) |
|  LVIP American Century Disciplined Core Value | 57 | (132) | (75) | 136 | (6956) | (6820) |
|  LVIP American Century Inflation Protection | 180 | (152) | 28 | 179 | (151) | 28 |
|  LVIP American Century International | 90 | (3) | 87 | 99 | (2153) | (2054) |
|  LVIP American Century Mid Cap Value (b) | 21299 | (184) | 21115 | 28 | (166) | (138) |
|  LVIP American Century Value | 106 | (7) | 99 | 102 | (7) | 95 |
|  LVIP JPMorgan Core Bond Fund | 41 | (1531) | (1490) | 47 | (236) | (189) |
|  LVIP JPMorgan Small Cap Core Fund | 101 | (185) | (84) | 99 | (61) | 38 |
|  LVIP JPMorgan US Equity Fund | 23 | (2) | 21 | 294 | (1) | 293 |
|  MFS<sup>®</sup> VIT Global Tactical Allocation |  |  |  | 132 | (8364) | (8232) |
|  MFS<sup>®</sup> VIT II Research International | 168 | (11) | 157 | 649 | (1124) | (475) |
|  MFS<sup>®</sup> VIT International Intrinsic Value | 334 | (509) | (175) | 338 | (214) | 124 |
|  MFS<sup>®</sup> VIT New Discovery | 606 | (16171) | (15565) | 1138 | (199) | 939 |
|  MFS<sup>®</sup> VIT Research | 75 | (170) | (95) | 78 | (182) | (104) |
|  MFS<sup>®</sup> VIT Total Return | 79 | (444) | (365) | 87 | (43) | 44 |

---

(a) Name change. See Note 1.

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

3. Summary of Unit Transactions (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | | | **Net** | | | **Net** |
|  | **Units** | **Units** | **Increase** | **Units** | **Units** | **Increase** |
| **Subaccount** | **Issued** | **Redeemed** | **(Decrease)** | **Issued** | **Redeemed** | **(Decrease)** |
|  MFS<sup>®</sup> VIT Total Return Bond | 3453 | (3453) |  |  |  |  |
|  MFS<sup>®</sup> VIT Utilities | 82 | (6) | 76 | 262 | (703) | (441) |
|  Morningstar Aggressive Growth ETF Asset Allocation Portfolio | 25 | (1881) | (1856) | 55 | (8) | 47 |
|  Morningstar Balanced ETF Asset Allocation Portfolio | 15685 | (41599) | (25914) | 2705 | (4304) | (1599) |
|  Morningstar Conservative ETF Asset Allocation Portfolio | 34163 | (37943) | (3780) | 9446 | (12993) | (3547) |
|  Morningstar Growth ETF Asset Allocation Portfolio | 522 | (7160) | (6638) | 638 | (2283) | (1645) |
|  Morningstar Income and Growth ETF Asset Allocation Portfolio | 151 | (1295) | (1144) | 160 | (90) | 70 |
|  NAA All Cap Value Series | 205 | (38) | 167 | 198 | (40) | 158 |
|  NAA Large Cap Value Series | 2748 | (3398) | (650) | 1534 | (1736) | (202) |
|  NAA Large Growth Series | 63 | (12) | 51 | 143 | (92) | 51 |
|  NAA Mid Growth Series | 489 | (470) | 19 | 414 | (3391) | (2977) |
|  NAA Small Cap Value Series | 34 | (65) | (31) | 130 | (159) | (29) |
|  NAA Smid-Cap Value Series | 44 | (25) | 19 | 43 | (25) | 18 |
|  NAA World Equity Income Series | 54 | (374) | (320) | 61 | (377) | (316) |
|  Neuberger Berman AMT Quality Equity Portfolio (a) | 633 | (5212) | (4579) | 5316 | (729) | 4587 |
|  Nomura VIP Asset Strategy Series (a) | 1546 |  | 1546 | 1550 | (2069) | (519) |
|  Nomura VIP Balanced Series (a) | 72 | (584) | (512) | 85 | (6) | 79 |
|  Nomura VIP Energy Series (a) | 1206 | (1177) | 29 | 46 | (5769) | (5723) |
|  Nomura VIP Global Growth Series (a) | 176 | (7373) | (7197) | 969 | (836) | 133 |
|  Nomura VIP Growth Series (a) | 33 | (731) | (698) | 38 | (16) | 22 |
|  Nomura VIP High Income Series (a) |  | (141) | (141) | 15 | (2824) | (2809) |
|  Nomura VIP International Core Equity Series (a) | 111 | (25) | 86 | 112 | (348) | (236) |
|  Nomura VIP Limited+Term Bond Series (a) |  |  |  |  | (61) | (61) |
|  Nomura VIP Mid Cap Growth Series (a) | 2204 | (21081) | (18877) | 1689 | (302) | 1387 |

---

(a) Name change. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

3. Summary of Unit Transactions (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | | | **Net** | | | **Net** |
|  | **Units** | **Units** | **Increase** | **Units** | **Units** | **Increase** |
| **Subaccount** | **Issued** | **Redeemed** | **(Decrease)** | **Issued** | **Redeemed** | **(Decrease)** |
|  Nomura VIP Natural Resources Series (a) | 22 | (4) | 18 | 20 | (3) | 17 |
|  Nomura VIP Science And Technology Series (a) | 933 | (1644) | (711) | 1593 | (236) | 1357 |
|  Nomura VIP Small Cap Growth Series (a) | 1157 | (26) | 1131 | 549 | (507) | 42 |
|  Nomura VIP Smid Cap Core Series (a) | 6 |  | 6 | 28 | (1412) | (1384) |
|  PIMCO VIT All Asset | 2503 | (2937) | (434) | 147 | (2321) | (2174) |
|  PIMCO VIT CommodityRealReturn Strategy | 857 | (582) | 275 | 16325 | (26841) | (10516) |
|  PIMCO VIT Emerging Markets Bond | 1673 | (859) | 814 | 1794 | (1902) | (108) |
|  PIMCO VIT Global Bond Opportunities Portfolio (Unhedged) | 17 | (1) | 16 | 31 | (2729) | (2698) |
|  PIMCO VIT High Yield |  |  |  | 1 | (133) | (132) |
|  PIMCO VIT International Bond Portfolio (Unhedged) | 829 | (467) | 362 | 708 | (7496) | (6788) |
|  PIMCO VIT Low Duration Administrative | 7366 | (99764) | (92398) | 75619 | (22765) | 52854 |
|  PIMCO VIT Low Duration Advisor | 1220 | (1781) | (561) | 1213 | (695) | 518 |
|  PIMCO VIT Real Return Administrative | 3553 | (5404) | (1851) | 3120 | (1755) | 1365 |
|  PIMCO VIT Real Return Advisor | 27683 | (27417) | 266 | 10867 | (22674) | (11807) |
|  PIMCO VIT Short-Term | 13080 | (9213) | 3867 | 2561 | (10226) | (7665) |
|  PIMCO VIT Total Return Administrative | 1892 | (8678) | (6786) | 4453 | (5687) | (1234) |
|  PIMCO VIT Total Return Advisor | 1786 | (997) | 789 | 1825 | (8066) | (6241) |
|  Putnam VT Core Equity Fund | 26 | (3481) | (3455) | 3456 | (1) | 3455 |
|  Putnam VT Large Cap Growth Fund | 808 | (87) | 721 | 386 | (1040) | (654) |
|  Putnam VT Large Cap Value | 709 | (16454) | (15745) | 9964 | (2987) | 6977 |
|  Putnam VT Small Cap Growth | 13747 | (20) | 13727 | 59 | (8) | 51 |
|  Rydex VIF Banking | 208 | (242) | (34) | 207 | (136) | 71 |
|  Rydex VIF Basic Materials | 1667 | (835) | 832 | 679 | (3260) | (2581) |
|  Rydex VIF Biotechnology | 397 | (278) | 119 | 910 | (313) | 597 |
|  Rydex VIF Commodities Strategy | 11243 | (8101) | 3142 | 2792 | (6765) | (3973) |
|  Rydex VIF Consumer Products | 115 | (678) | (563) | 131 | (245) | (114) |

---

(a) Name change. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

3. Summary of Unit Transactions (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | | | **Net** | | | **Net** |
|  | **Units** | **Units** | **Increase** | **Units** | **Units** | **Increase** |
| **Subaccount** | **Issued** | **Redeemed** | **(Decrease)** | **Issued** | **Redeemed** | **(Decrease)** |
|  Rydex VIF Dow 2x Strategy (b) | 80 | (403) | (323) | 89 | (88) | 1 |
|  Rydex VIF Electronics | 367 | (142) | 225 | 384 | (1939) | (1555) |
|  Rydex VIF Energy | 1515 | (1469) | 46 | 4376 | (2503) | 1873 |
|  Rydex VIF Energy Services | 258 | (94) | 164 | 282 | (3722) | (3440) |
|  Rydex VIF Europe 1.25x Strategy (b) |  |  |  |  |  |  |
|  Rydex VIF Financial Services | 86 | (2997) | (2911) | 171 | (30) | 141 |
|  Rydex VIF Government Long Bond 1.2x Strategy (b) | 5 | (63) | (58) | 355 | (1926) | (1571) |
|  Rydex VIF Health Care | 260 | (623) | (363) | 264 | (238) | 26 |
|  Rydex VIF Internet | 637 | (166) | 471 | 288 | (1559) | (1271) |
|  Rydex VIF Inverse Government Long Bond Strategy | 10987 | (10987) |  | 14 | (1816) | (1802) |
|  Rydex VIF Inverse Mid-Cap Strategy |  |  |  | 242 | (22349) | (22107) |
|  Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy | 6126 | (6126) |  | 553 | (52138) | (51585) |
|  Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy (b) | 36 | (84) | (48) | 272 | (21522) | (21250) |
|  Rydex VIF Inverse S&P 500 Strategy (b) | 149 | (10) | 139 | 144 | (10) | 134 |
|  Rydex VIF Japan 2x Strategy (b) | 156 | (25) | 131 | 152 | (25) | 127 |
|  Rydex VIF Leisure | 125 | (12) | 113 | 122 | (12) | 110 |
|  Rydex VIF Mid-Cap 1.5x Strategy (b) | 103 | (42) | 61 | 101 | (26) | 75 |
|  Rydex VIF Money Market | 103575 | (158007) | (54432) | 492282 | (82667) | 409615 |
|  Rydex VIF NASDAQ-100<sup>®</sup> | 1941 | (1487) | 454 | 995 | (2340) | (1345) |
|  Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy (b) | 42 | (7) | 35 | 3 | (7) | (4) |
|  Rydex VIF Nova (b) | 268 | (441) | (173) | 158 | (188) | (30) |
|  Rydex VIF Precious Metals | 1034 | (485) | 549 | 3245 | (4556) | (1311) |
|  Rydex VIF Real Estate | 965 | (2061) | (1096) | 928 | (586) | 342 |
|  Rydex VIF Retailing | 72 | (8) | 64 | 73 | (1391) | (1318) |
|  Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy (b) | 79 | (127) | (48) | 86 | (44) | 42 |
|  Rydex VIF Russell 2000<sup>®</sup> 2x Strategy (b) |  |  |  | 1 |  | 1 |
|  Rydex VIF S&P 500 2x Strategy (b) | 592 | (368) | 224 | 469 | (331) | 138 |
|  Rydex VIF S&P 500 Pure Growth | 1137 | (1190) | (53) | 2058 | (2051) | 7 |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

3. Summary of Unit Transactions (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | | | **Net** | | | **Net** |
|  | **Units** | **Units** | **Increase** | **Units** | **Units** | **Increase** |
| **Subaccount** | **Issued** | **Redeemed** | **(Decrease)** | **Issued** | **Redeemed** | **(Decrease)** |
|  Rydex VIF S&P 500 Pure Value | 2296 | (3541) | (1245) | 1596 | (1791) | (195) |
|  Rydex VIF S&P MidCap 400 Pure Growth | 597 | (8383) | (7786) | 1483 | (1364) | 119 |
|  Rydex VIF S&P MidCap 400 Pure Value | 301 | (1152) | (851) | 295 | (345) | (50) |
|  Rydex VIF S&P SmallCap 600 Pure Growth | 27 | (9) | 18 | 189 | (1364) | (1175) |
|  Rydex VIF S&P SmallCap 600 Pure Value | 96 | (607) | (511) | 99 | (544) | (445) |
|  Rydex VIF Strengthening Dollar 2x Strategy (b) | 1544 | (2301) | (757) | 3880 | (6242) | (2362) |
|  Rydex VIF Technology | 2622 | (1446) | 1176 | 9442 | (108153) | (98711) |
|  Rydex VIF Transportation | 33 | (9) | 24 | 42 | (936) | (894) |
|  Rydex VIF Utilities | 374 | (360) | 14 | 238 | (411) | (173) |
|  Rydex VIF Weakening Dollar 2x Strategy (b) | 505 | (505) |  |  |  |  |
| T. Rowe Price Blue Chip Growth | 1807 | (14825) | (13018) | 6947 | (3189) | 3758 |
| T. Rowe Price Equity Income | 1852 | (753) | 1099 | 106 | (6335) | (6229) |
| T. Rowe Price Health Sciences | 465 | (2187) | (1722) | 348 | (507) | (159) |
| T. Rowe Price Limited-Term Bond | 7054 | (7259) | (205) | 651 | (394) | 257 |
|  Templeton Developing Markets VIP Fund | 1594 | (1303) | 291 | 1558 | (1046) | 512 |
|  Templeton Foreign VIP Fund | 2174 | (574) | 1600 | 611 | (1835) | (1224) |
|  Templeton Global Bond VIP Fund | 410 | (895) | (485) | 3062 | (2709) | 353 |
|  VanEck VIP Global Gold | 24569 | (103) | 24466 | 4362 | (74) | 4288 |
|  VanEck VIP Global Resources | 2896 | (8) | 2888 | 3025 | (2990) | 35 |
|  Vanguard<sup>®</sup> VIF Balanced | 407 | (166) | 241 | 456 | (6798) | (6342) |
|  Vanguard<sup>®</sup> VIF Capital Growth | 1463 | (794) | 669 | 1754 | (4) | 1750 |
|  Vanguard<sup>®</sup> VIF Conservative Allocation | 435 | (17498) | (17063) | 600 | (747) | (147) |
|  Vanguard<sup>®</sup> VIF Diversified Value | 5386 | (351) | 5035 | 3286 | (8157) | (4871) |
|  Vanguard<sup>®</sup> VIF Equity Income | 1501 | (896) | 605 | 1480 | (833) | 647 |
|  Vanguard<sup>®</sup> VIF Equity Index | 5371 | (4334) | 1037 | 6012 | (2882) | 3130 |
|  Vanguard<sup>®</sup> VIF Global Bond Index | 34 | (2) | 32 | 33 | (2) | 31 |
|  Vanguard<sup>®</sup> VIF Growth | 4905 | (287) | 4618 | 390 | (1838) | (1448) |
|  Vanguard<sup>®</sup> VIF High Yield Bond | 391 | (4235) | (3844) | 456 | (3331) | (2875) |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

3. Summary of Unit Transactions (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | | | **Net** | | | **Net** |
|  | **Units** | **Units** | **Increase** | **Units** | **Units** | **Increase** |
| **Subaccount** | **Issued** | **Redeemed** | **(Decrease)** | **Issued** | **Redeemed** | **(Decrease)** |
|  Vanguard<sup>®</sup> VIF International | 2265 | (738) | 1527 | 4383 | (9278) | (4895) |
|  Vanguard<sup>®</sup> VIF Mid-Cap Index | 4931 | (1939) | 2992 | 1650 | (2741) | (1091) |
|  Vanguard<sup>®</sup> VIF Moderate Allocation | 4155 | (3333) | 822 | 64950 | (94285) | (29335) |
|  Vanguard<sup>®</sup> VIF Real Estate Index | 276 | (1132) | (856) | 2233 | (934) | 1299 |
|  Vanguard<sup>®</sup> VIF Short Term Investment Grade | 15216 | (20780) | (5564) | 32426 | (6437) | 25989 |
|  Vanguard<sup>®</sup> VIF Small Company Growth (b) | 150 | (27) | 123 | 265 | (148) | 117 |
|  Vanguard<sup>®</sup> VIF Total Bond Market Index | 23052 | (21529) | 1523 | 27945 | (43537) | (15592) |
|  Vanguard<sup>®</sup> VIF Total International Stock Market Index | 656 | (1850) | (1194) | 4499 | (328) | 4171 |
|  Vanguard<sup>®</sup> VIF Total Stock Market Index | 9240 | (2770) | 6470 | 18005 | (17895) | 110 |
|  Victory Pioneer Bond VCT Portfolio (a) | 647 | (455) | 192 | 637 | (276) | 361 |
|  Victory Pioneer Equity Income VCT Portfolio (a) | 30 | (2) | 28 | 28 | (2) | 26 |
|  Victory Pioneer Strategic Income VCT Portfolio (a) | 292 | (186) | 106 | 304 | (1245) | (941) |
|  Virtus Duff & Phelps Real Estate Securities Series | 39 | (3) | 36 | 37 | (5) | 32 |
|  Virtus KAR Small-Cap Growth Series | 729 | (2395) | (1666) | 631 | (2690) | (2059) |
|  Virtus Newfleet Multi-Sector Intermediate Bond Series |  |  |  | 17 | (1093) | (1076) |
|  Virtus SGA International Growth Series | 228 | (208) | 20 | 194 | (192) | 2 |
|  Voya MidCap Opportunities Portfolio | 108 | (19) | 89 | 106 | (19) | 87 |
|  VY CBRE Global Real Estate Portfolio | 34 | (14) | 20 | 232 | (1758) | (1526) |
|  VY CBRE Real Estate Portfolio | 55 | (1) | 54 | 54 | (3) | 51 |

---

(a) Name change. See Note 1.

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights

The Account has a number of products, which have unique combinations of features and fees that are charged against the contract owner's account balance. Differences in the fee structures result in a variety of unit values, expense ratios, and total returns. The information presented below identifies the range of lowest to highest expense ratios and the corresponding total return. The summary may not reflect the minimum and maximum contract charges offered by the Account as contract owners may not have selected all available and applicable contract options as discussed in Note 2.

A summary of units outstanding, unit values, net assets, expense ratios, investment income ratios and total return ratios for each of the five years in the period ended December 31, 2025 were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  AB VPS Discovery Value Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 |  | 14.61 | 18.67 |  |  | 0.25 | 1.25 | (1.62) | (0.64) |
| 2024 |  | 18.79 | 18.79 |  |  | 0.25 | 0.25 | 6.22 | 6.22 |
| 2023 | 215 | 17.69 | 17.69 | 3784 | 0.01 | 0.25 | 0.25 | 13.11 | 13.11 |
| 2022 | 212 | 15.64 | 15.64 | 3296 | 0.01 | 0.25 | 0.25 | (18.50) | (18.50) |
| 2021 | 209 | 19.19 | 19.19 | 3987 | 0.01 | 0.25 | 0.25 | 31.26 | 31.26 |
|  AB VPS Relative Value Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 | 2237 | 18.91 | 18.91 | 42291 | 0.88 | 1.25 | 1.25 | 5.58 | 5.58 |
| 2024 | 2175 | 17.91 | 17.91 | 38939 | 0.01 | 1.25 | 1.25 | 8.09 | 8.09 |
| 2023 | 2115 | 16.57 | 16.57 | 35040 | 0.01 | 1.25 | 1.45 | 7.04 | 7.04 |
| 2022 | 2057 | 15.48 | 15.48 | 31823 | 0.01 | 1.45 | 1.45 | (8.35) | (8.35) |
| 2021 | 2000 | 16.89 | 16.89 | 33781 | 0.01 | 1.45 | 1.45 | 22.30 | 22.30 |
|  AFIS Capital World Growth and Income |  |  |  |  |  |  |  |  |  |
| 2025 | 7710 | 16.80 | 18.94 | 143354 | 1.09 | 0.25 | 1.25 | 19.32 | 20.48 |
| 2024 | 12113 | 14.08 | 15.72 | 180887 | 0.02 | 0.25 | 1.25 | 8.89 | 10.01 |
| 2023 | 11770 | 12.93 | 14.29 | 160448 | 0.02 | 0.25 | 1.45 | 15.65 | 16.84 |
| 2022 | 14570 | 11.18 | 12.23 | 172026 | 0.02 | 0.25 | 1.45 | (20.99) | (20.22) |
| 2021 | 14229 | 14.15 | 15.33 | 211273 | 0.01 | 0.25 | 1.45 | 9.52 | 10.85 |
|  AFIS U.S. Government Securities |  |  |  |  |  |  |  |  |  |
| 2025 | 118187 | 7.14 | 8.05 | 861047 | 4.16 | 0.25 | 1.25 | 3.03 | 4.01 |
| 2024 | 115047 | 6.93 | 7.74 | 812155 | 0.04 | 0.25 | 1.25 | (3.75) | (2.76) |
| 2023 | 99106 | 7.20 | 7.20 | 713432 | 0.03 | 1.25 | 1.45 | (1.64) | (1.64) |
| 2022 | 95832 | 7.32 | 7.32 | 701493 | 0.03 | 1.45 | 1.45 | (14.88) | (14.88) |
| 2021 | 92699 | 8.60 | 8.60 | 797314 | 0.01 | 1.45 | 1.45 | (5.18) | (5.18) |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  AFIS Washington Mutual Investors |  |  |  |  |  |  |  |  |  |
| 2025 | 61214 | 20.12 | 22.70 | 1269847 | 1.28 | 0.25 | 1.25 | 12.03 | 13.16 |
| 2024 | 56358 | 17.96 | 20.06 | 1036916 | 0.01 | 0.25 | 1.25 | 13.89 | 15.02 |
| 2023 | 56445 | 15.77 | 17.44 | 909260 | 0.02 | 0.25 | 1.45 | 12.08 | 13.25 |
| 2022 | 57468 | 14.07 | 15.40 | 826694 | 0.02 | 0.25 | 1.45 | (12.50) | (11.60) |
| 2021 | 51035 | 16.08 | 17.42 | 838239 | 0.01 | 0.25 | 1.45 | 22.00 | 23.46 |
|  Alger Capital Appreciation (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 11628 | 41.71 | 55.51 | 505456 |  | 0.25 | 1.25 | 26.97 | 28.26 |
| 2024 | 22311 | 32.85 | 43.28 | 746316 |  | 0.25 | 1.25 | 41.59 | 43.03 |
| 2023 | 21997 | 23.20 | 30.26 | 520741 |  | 0.25 | 1.45 | 36.87 | 38.24 |
| 2022 | 35680 | 16.95 | 21.89 | 680978 |  | 0.25 | 1.45 | (39.33) | (38.70) |
| 2021 | 36228 | 27.94 | 35.71 | 1136567 |  | 0.25 | 1.45 | 13.67 | 15.05 |
|  Alger Large Cap Growth |  |  |  |  |  |  |  |  |  |
| 2025 | 3459 | 18.15 | 18.82 | 64371 |  | 0.25 | 1.25 | 24.83 | 26.14 |
| 2024 | 979 | 14.54 | 14.92 | 14230 |  | 0.25 | 1.25 | 36.91 | 38.28 |
| 2023 | 2850 | 10.62 | 10.79 | 30600 |  | 0.25 | 1.45 | 27.19 | 28.45 |
| 2022 | 2802 | 8.35 | 8.40 | 23498 |  | 0.25 | 1.45 | (16.50) | (16.00) |
|  Allspring Opportunity VT |  |  |  |  |  |  |  |  |  |
| 2025 | 4962 | 26.97 | 26.97 | 133996 | 0.05 | 1.40 | 1.40 | 2.12 | 2.12 |
| 2024 | 5310 | 26.41 | 26.41 | 140239 |  | 1.40 | 1.40 | 10.04 | 10.04 |
| 2023 | 5655 | 24.00 | 24.00 | 135911 |  | 1.40 | 1.40 | 21.09 | 21.09 |
| 2022 | 6005 | 19.82 | 19.82 | 119192 |  | 1.40 | 1.40 | (24.21) | (24.21) |
| 2021 | 5440 | 26.15 | 26.15 | 142436 | 0.00 | 1.40 | 1.40 | 19.41 | 19.41 |
|  Allspring VT Discovery All Cap Growth Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 4803 | 25.57 | 25.57 | 122816 |  | 1.25 | 1.25 | 10.45 | 10.45 |
| 2024 | 4670 | 23.15 | 23.15 | 108109 |  | 1.25 | 1.25 | 15.92 | 15.92 |
| 2023 | 4540 | 19.97 | 19.97 | 90662 |  | 1.25 | 1.45 | 27.60 | 27.60 |
| 2022 | 4415 | 15.65 | 15.65 | 69076 |  | 1.45 | 1.45 | (39.78) | (39.78) |
| 2021 | 4785 | 25.99 | 25.99 | 124345 |  | 1.45 | 1.45 | 9.94 | 9.94 |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  ALPS/Alerian Energy Infrastructure |  |  |  |  |  |  |  |  |  |
| 2025 | 3696 | 11.93 | 13.64 | 44256 | 2.85 | 0.25 | 1.25 | 0.25 | 1.34 |
| 2024 | 9526 | 11.90 | 13.46 | 113454 | 0.02 | 0.25 | 1.25 | 34.77 | 36.10 |
| 2023 | 9258 | 8.83 | 9.89 | 81835 | 0.02 | 0.25 | 1.45 | 9.15 | 10.26 |
| 2022 | 21462 | 8.09 | 8.97 | 184557 | 0.05 | 0.25 | 1.45 | 12.52 | 13.54 |
| 2021 | 17838 | 7.19 | 7.90 | 137222 | 0.02 | 0.25 | 1.45 | 31.68 | 33.45 |
|  American Funds IS<sup>®</sup> Asset Allocation |  |  |  |  |  |  |  |  |  |
| 2025 | 42518 | 15.65 | 17.65 | 686205 | 1.83 | 0.25 | 1.25 | 10.84 | 11.92 |
| 2024 | 41442 | 14.12 | 15.77 | 602177 | 0.02 | 0.25 | 1.25 | 11.27 | 12.40 |
| 2023 | 55079 | 12.69 | 14.03 | 713213 | 0.02 | 0.25 | 1.45 | 9.21 | 10.39 |
| 2022 | 49949 | 11.62 | 12.71 | 591459 | 0.01 | 0.25 | 1.45 | (17.24) | (16.44) |
| 2021 | 109404 | 14.04 | 15.21 | 1543759 | 0.01 | 0.25 | 1.45 | 9.86 | 11.18 |
|  American Funds IS<sup>®</sup> Capital World Bond |  |  |  |  |  |  |  |  |  |
| 2025 | 14628 | 6.14 | 6.92 | 100052 | 2.90 | 0.25 | 1.25 | 4.60 | 5.49 |
| 2024 | 14198 | 5.87 | 6.56 | 92096 | 0.02 | 0.25 | 1.25 | (7.41) | (6.42) |
| 2023 | 14316 | 6.34 | 7.01 | 99000 |  | 0.25 | 1.45 | 1.44 | 2.49 |
| 2022 | 13896 | 6.25 | 6.84 | 93865 | 0.00 | 0.25 | 1.45 | (21.19) | (20.47) |
| 2021 | 13489 | 7.93 | 8.60 | 114713 | 0.02 | 0.25 | 1.45 | (9.37) | (8.12) |
|  American Funds IS<sup>®</sup> Global Growth |  |  |  |  |  |  |  |  |  |
| 2025 | 18582 | 20.43 | 23.05 | 393060 | 1.19 | 0.25 | 1.25 | 16.28 | 17.48 |
| 2024 | 20442 | 17.57 | 19.62 | 367529 | 0.01 | 0.25 | 1.25 | 8.59 | 9.73 |
| 2023 | 20810 | 16.18 | 17.88 | 343307 | 0.01 | 0.25 | 1.45 | 17.25 | 18.41 |
| 2022 | 21544 | 13.80 | 15.10 | 302307 | 0.00 | 0.25 | 1.45 | (28.05) | (27.30) |
| 2021 | 21141 | 19.18 | 20.77 | 411376 | 0.00 | 0.25 | 1.45 | 11.12 | 12.39 |
|  American Funds IS<sup>®</sup> Global Small Capitalization |  |  |  |  |  |  |  |  |  |
| 2025 | 1822 | 11.91 | 13.44 | 22921 | 0.26 | 0.25 | 1.25 | 9.57 | 10.71 |
| 2024 | 992 | 10.87 | 10.87 | 10773 |  | 1.25 | 1.25 | (2.16) | (2.16) |
| 2023 | 8104 | 11.11 | 11.11 | 90062 | 0.00 | 1.25 | 1.45 | 10.99 | 10.99 |
| 2022 | 8025 | 10.01 | 10.01 | 80362 |  | 1.45 | 1.45 | (32.64) | (32.64) |
| 2021 | 7946 | 14.86 | 14.86 | 118077 |  | 1.45 | 1.45 | 1.78 | 1.78 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  American Funds IS<sup>®</sup> Growth |  |  |  |  |  |  |  |  |  |
| 2025 | 48302 | 35.32 | 39.84 | 1857877 | 0.06 | 0.25 | 1.25 | 14.90 | 16.08 |
| 2024 | 23306 | 30.74 | 34.32 | 716889 |  | 0.25 | 1.25 | 25.83 | 27.11 |
| 2023 | 28019 | 24.43 | 27.00 | 689557 | 0.00 | 0.25 | 1.45 | 32.41 | 33.73 |
| 2022 | 27983 | 18.45 | 20.19 | 520158 | 0.00 | 0.25 | 1.45 | (33.03) | (32.34) |
| 2021 | 27270 | 27.55 | 29.84 | 755723 | 0.00 | 0.25 | 1.45 | 16.39 | 17.80 |
|  American Funds IS<sup>®</sup> Growth-Income |  |  |  |  |  |  |  |  |  |
| 2025 | 19515 | 23.64 | 26.66 | 476829 | 0.71 | 0.25 | 1.25 | 12.84 | 13.98 |
| 2024 | 21722 | 20.95 | 23.39 | 464588 | 0.01 | 0.25 | 1.25 | 18.76 | 19.95 |
| 2023 | 21621 | 17.64 | 19.50 | 389339 | 0.01 | 0.25 | 1.45 | 20.57 | 21.80 |
| 2022 | 21241 | 14.63 | 16.01 | 316440 | 0.01 | 0.25 | 1.45 | (20.14) | (19.35) |
| 2021 | 18672 | 18.32 | 19.85 | 344940 | 0.01 | 0.25 | 1.45 | 18.42 | 19.87 |
|  American Funds IS<sup>®</sup> International |  |  |  |  |  |  |  |  |  |
| 2025 | 4964 | 10.56 | 11.91 | 55458 | 0.84 | 0.25 | 1.25 | 21.10 | 22.40 |
| 2024 | 9680 | 8.72 | 9.73 | 86687 | 0.01 | 0.25 | 1.25 | (1.36) | (0.41) |
| 2023 | 5470 | 8.84 | 9.77 | 50397 | 0.01 | 0.25 | 1.45 | 10.78 | 11.91 |
| 2022 | 5319 | 7.98 | 8.73 | 44068 | 0.01 | 0.25 | 1.45 | (24.29) | (23.56) |
| 2021 | 5173 | 10.54 | 11.42 | 56381 | 0.03 | 0.25 | 1.45 | (5.98) | (4.83) |
|  American Funds IS<sup>®</sup> International Growth and Income |  |  |  |  |  |  |  |  |  |
| 2025 | 30397 | 10.93 | 12.33 | 370641 | 2.43 | 0.25 | 1.25 | 29.50 | 30.75 |
| 2024 | 29933 | 8.44 | 9.43 | 279133 | 0.02 | 0.25 | 1.25 | (1.17) | (0.11) |
| 2023 | 29487 | 8.54 | 9.44 | 275646 | 0.03 | 0.25 | 1.45 | 10.77 | 11.98 |
| 2022 | 12736 | 7.71 | 8.43 | 105047 | 0.03 | 0.25 | 1.45 | (19.01) | (18.23) |
| 2021 | 12528 | 9.52 | 10.31 | 126514 | 0.03 | 0.25 | 1.45 | 0.53 | 1.68 |
|  American Funds IS<sup>®</sup> Mortgage |  |  |  |  |  |  |  |  |  |
| 2025 |  | 7.16 | 7.16 |  |  | 1.25 | 1.25 | 3.77 | 3.77 |
| 2024 |  | 6.90 | 7.80 |  |  | 0.25 | 1.25 | (3.90) | (2.86) |
| 2023 |  | 7.18 | 7.93 |  |  | 0.25 | 1.25 | (0.69) | 0.13 |
| 2022 |  | 7.23 | 7.92 |  |  | 0.25 | 1.45 | (13.93) | (12.97) |
| 2021 |  | 8.40 | 9.22 |  |  | 0.25 | 1.45 | (5.08) | (3.96) |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  American Funds IS<sup>®</sup> New World |  |  |  |  |  |  |  |  |  |
| 2025 | 13791 | 12.66 | 14.28 | 178821 | 0.95 | 0.25 | 1.25 | 22.56 | 23.85 |
| 2024 | 13038 | 10.33 | 11.53 | 138187 | 0.01 | 0.25 | 1.25 | 1.97 | 2.95 |
| 2023 | 12760 | 10.13 | 11.20 | 132285 | 0.01 | 0.25 | 1.45 | 10.83 | 12.00 |
| 2022 | 12457 | 9.14 | 10.00 | 116090 | 0.01 | 0.25 | 1.45 | (25.51) | (24.76) |
| 2021 | 11261 | 12.27 | 13.29 | 139865 | 0.01 | 0.25 | 1.45 | 0.08 | 1.30 |
|  BlackRock Advantage Large Cap Core V.I. |  |  |  |  |  |  |  |  |  |
| 2025 | 1499 | 27.45 | 27.45 | 41138 | 0.23 | 1.25 | 1.25 | 14.71 | 14.71 |
| 2024 | 1457 | 23.93 | 30.65 | 34863 |  | 0.25 | 1.25 | 19.89 | 21.10 |
| 2023 | 1433 | 19.96 | 25.31 | 28676 | 0.00 | 0.25 | 1.45 | 19.74 | 20.93 |
| 2022 | 9249 | 16.67 | 20.93 | 187692 | 0.01 | 0.25 | 1.45 | (23.46) | (22.71) |
| 2021 | 9438 | 21.78 | 27.08 | 248406 | 0.00 | 0.25 | 1.45 | 22.50 | 23.99 |
|  BlackRock Basic Value V.I. |  |  |  |  |  |  |  |  |  |
| 2025 | 1349 | 17.85 | 17.85 | 24060 | 1.87 | 1.25 | 1.25 | 18.92 | 18.92 |
| 2024 | 1343 | 15.01 | 15.01 | 20157 |  | 1.25 | 1.25 | 5.41 | 5.41 |
| 2023 | 9361 | 14.24 | 14.24 | 133226 | 0.02 | 1.25 | 1.45 | 11.42 | 11.42 |
| 2022 | 9262 | 12.78 | 12.78 | 118317 | 0.02 | 1.45 | 1.45 | (9.04) | (9.04) |
| 2021 | 2226 | 14.05 | 14.05 | 31239 | 0.01 | 1.45 | 1.45 | 16.02 | 16.02 |
|  BlackRock Equity Dividend V.I. |  |  |  |  |  |  |  |  |  |
| 2025 | 15498 | 19.29 | 25.41 | 309134 | 2.15 | 0.25 | 1.25 | 16.27 | 17.42 |
| 2024 | 13539 | 16.59 | 16.59 | 224778 | 0.02 | 1.25 | 1.25 | 5.13 | 5.13 |
| 2023 | 16073 | 15.78 | 15.78 | 253795 | 0.02 | 1.25 | 1.45 | 7.35 | 7.35 |
| 2022 | 15630 | 14.70 | 14.70 | 229938 | 0.01 | 1.45 | 1.45 | (8.13) | (8.13) |
| 2021 | 15200 | 16.00 | 16.00 | 243284 | 0.01 | 1.45 | 1.45 | 15.11 | 15.11 |
|  BlackRock Global Allocation V.I. |  |  |  |  |  |  |  |  |  |
| 2025 | 9541 | 12.57 | 12.57 | 119765 | 4.27 | 1.25 | 1.25 | 14.59 | 14.59 |
| 2024 | 9259 | 10.97 | 12.54 | 101478 | 0.01 | 0.25 | 1.25 | 4.38 | 5.47 |
| 2023 | 12200 | 10.51 | 11.89 | 131622 | 0.02 | 0.25 | 1.45 | 7.79 | 8.88 |
| 2022 | 12907 | 9.75 | 10.92 | 129853 |  | 0.25 | 1.45 | (19.55) | (18.75) |
| 2021 | 12603 | 12.12 | 13.44 | 157212 | 0.01 | 0.25 | 1.45 | 1.76 | 2.99 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  BlackRock High Yield V.I. |  |  |  |  |  |  |  |  |  |
| 2025 | 44042 | 10.83 | 12.36 | 506140 | 6.37 | 0.25 | 1.25 | 4.54 | 5.55 |
| 2024 | 45888 | 10.36 | 11.71 | 503472 | 0.07 | 0.25 | 1.25 | 3.29 | 4.37 |
| 2023 | 44022 | 10.03 | 11.22 | 464398 | 0.06 | 0.25 | 1.45 | 8.20 | 9.36 |
| 2022 | 53336 | 9.27 | 10.26 | 521860 | 0.05 | 0.25 | 1.45 | (14.25) | (13.42) |
| 2021 | 52783 | 10.81 | 11.85 | 600473 | 0.04 | 0.25 | 1.45 | 0.65 | 1.80 |
|  BlackRock Large Cap Focus Growth V.I. |  |  |  |  |  |  |  |  |  |
| 2025 | 1818 | 34.55 | 34.55 | 62839 |  | 1.25 | 1.25 | 6.83 | 6.83 |
| 2024 | 5324 | 32.34 | 32.34 | 172446 |  | 1.25 | 1.25 | 25.89 | 25.89 |
| 2023 | 1843 | 25.69 | 25.69 | 47359 |  | 1.25 | 1.45 | 46.13 | 46.13 |
| 2022 | 4371 | 17.58 | 17.58 | 77084 |  | 1.45 | 1.45 | (40.81) | (40.81) |
| 2021 | 4281 | 29.70 | 29.70 | 127380 |  | 1.45 | 1.45 | 12.63 | 12.63 |
|  BNY Mellon IP Small Cap Stock Index |  |  |  |  |  |  |  |  |  |
| 2025 | 5335 | 16.22 | 20.99 | 101195 | 1.11 | 0.25 | 1.25 | 1.00 | 1.94 |
| 2024 | 6423 | 16.06 | 20.59 | 122026 | 0.01 | 0.25 | 1.25 | 3.41 | 4.52 |
| 2023 | 5767 | 15.53 | 19.70 | 104216 | 0.01 | 0.25 | 1.45 | 10.61 | 11.74 |
| 2022 | 5845 | 14.04 | 17.63 | 95005 | 0.01 | 0.25 | 1.45 | (20.09) | (19.31) |
| 2021 | 6442 | 17.57 | 21.85 | 130254 | 0.01 | 0.25 | 1.45 | 20.67 | 22.14 |
|  BNY Mellon IP Technology Growth |  |  |  |  |  |  |  |  |  |
| 2025 | 7892 | 37.25 | 43.89 | 295463 |  | 0.25 | 1.25 | 22.53 | 23.77 |
| 2024 | 7791 | 30.40 | 35.46 | 236902 |  | 0.25 | 1.25 | 20.11 | 21.36 |
| 2023 | 7924 | 25.31 | 29.22 | 201760 |  | 0.25 | 1.45 | 52.38 | 53.95 |
| 2022 | 7723 | 16.61 | 18.98 | 128968 |  | 0.25 | 1.45 | (48.72) | (48.23) |
| 2021 | 7527 | 32.39 | 36.66 | 245094 |  | 0.25 | 1.45 | 7.72 | 9.04 |
|  BNY Mellon VIF Appreciation |  |  |  |  |  |  |  |  |  |
| 2025 | 547 | 21.66 | 21.66 | 11837 | 0.73 | 1.25 | 1.25 | 5.25 | 5.25 |
| 2024 | 531 | 20.58 | 20.58 | 10941 |  | 1.25 | 1.25 | 7.75 | 7.75 |
| 2023 | 517 | 19.10 | 19.10 | 9871 | 0.00 | 1.25 | 1.45 | 15.69 | 15.69 |
| 2022 | 503 | 16.51 | 16.51 | 8300 | 0.01 | 1.45 | 1.45 | (21.64) | (21.64) |
| 2021 |  | 21.07 | 23.91 |  |  | 0.25 | 1.45 | 21.23 | 22.74 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Dimensional VA Global Moderate Allocation |  |  |  |  |  |  |  |  |  |
| 2025 |  | 12.99 | 12.99 |  |  | 1.65 | 1.65 | 9.44 | 9.44 |
| 2024 | 3938 | 11.87 | 11.87 | 46759 |  | 1.65 | 1.65 | 6.84 | 6.84 |
| 2023 |  | 11.11 | 11.93 |  |  | 0.25 | 1.65 | 9.57 | 11.08 |
| 2022 |  | 10.14 | 10.71 |  |  | 0.25 | 1.85 | (15.00) | (13.77) |
| 2021 |  | 11.93 | 12.46 |  |  | 0.25 | 1.85 | 8.75 | 10.56 |
|  Dimensional VA International Small Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 | 17605 | 14.66 | 17.51 | 301532 | 3.42 | 0.25 | 1.65 | 30.78 | 32.55 |
| 2024 | 18528 | 11.21 | 13.21 | 237782 | 0.04 | 0.25 | 1.65 | (0.97) | 0.53 |
| 2023 | 17615 | 11.32 | 13.14 | 225283 | 0.04 | 0.25 | 1.85 | 8.95 | 10.51 |
| 2022 | 6620 | 10.39 | 11.89 | 73743 | 0.02 | 0.25 | 1.85 | (21.35) | (20.31) |
| 2021 | 7032 | 13.21 | 14.92 | 99356 | 0.03 | 0.25 | 1.85 | 9.08 | 10.93 |
|  Dimensional VA International Value Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 | 88277 | 14.64 | 17.03 | 1498823 | 4.55 | 0.25 | 1.65 | 39.03 | 40.98 |
| 2024 | 86225 | 10.53 | 12.08 | 1038679 | 0.04 | 0.25 | 1.65 | 1.74 | 3.25 |
| 2023 | 98854 | 10.35 | 11.70 | 1139231 | 0.07 | 0.25 | 1.85 | 12.50 | 14.04 |
| 2022 | 32653 | 9.20 | 10.26 | 321359 | 0.05 | 0.25 | 1.85 | (7.82) | (6.47) |
| 2021 | 19336 | 9.98 | 10.97 | 204370 | 0.05 | 0.25 | 1.85 | 12.51 | 14.27 |
|  Dimensional VA Short-Term Fixed Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 | 23597 | 7.73 | 7.73 | 182351 | 3.89 | 0.25 | 0.25 | 1.05 | 1.05 |
| 2024 | 27002 | 7.65 | 7.65 | 206626 | 0.05 | 0.25 | 0.25 | 2.14 | 2.14 |
| 2023 | 26645 | 7.49 | 7.49 | 199680 | 0.07 | 0.25 | 0.25 | 1.63 | 1.63 |
| 2022 | 705 | 7.37 | 7.37 | 5184 | 0.01 | 0.25 | 0.25 | (4.41) | (4.41) |
| 2021 | 1003 | 7.71 | 7.71 | 7716 |  | 0.25 | 0.25 | (3.38) | (3.38) |
|  Dimensional VA U.S. Large Value Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 | 16949 | 17.84 | 23.46 | 350158 | 1.74 | 0.25 | 1.65 | 10.53 | 12.09 |
| 2024 | 20630 | 16.14 | 20.93 | 372835 | 0.02 | 0.25 | 1.65 | 8.25 | 9.75 |
| 2023 | 29316 | 14.91 | 19.07 | 509180 | 0.01 | 0.25 | 1.85 | 5.82 | 7.38 |
| 2022 | 62077 | 14.09 | 17.76 | 1059205 | 0.02 | 0.25 | 1.85 | (9.16) | (7.88) |
| 2021 | 62879 | 15.51 | 19.28 | 1169141 | 0.02 | 0.25 | 1.85 | 20.98 | 22.96 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Dimensional VA U.S. Targeted Value Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 | 29387 | 17.58 | 23.64 | 691690 | 2.31 | 0.25 | 1.65 | 3.96 | 5.44 |
| 2024 | 15628 | 16.91 | 22.42 | 347718 | 0.01 | 0.25 | 1.65 | 3.24 | 4.72 |
| 2023 | 29501 | 16.38 | 21.41 | 561271 | 0.02 | 0.25 | 1.85 | 14.55 | 16.17 |
| 2022 | 13762 | 14.30 | 18.43 | 196704 | 0.01 | 0.25 | 1.85 | (8.51) | (7.25) |
| 2021 | 13896 | 15.63 | 19.87 | 218774 | 0.03 | 0.25 | 1.85 | 33.02 | 35.17 |
|  Donoghue Forlines Dividend VIT Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 1291 | 10.49 | 10.49 | 13549 | 1.24 | 0.25 | 0.25 | 13.41 | 13.41 |
| 2024 | 1255 | 9.25 | 9.25 | 11613 | 0.02 | 0.25 | 0.25 | 9.21 | 9.21 |
| 2023 | 1221 | 8.47 | 8.47 | 10346 | 0.02 | 0.25 | 0.25 | (4.72) | (4.72) |
| 2022 | 1187 | 8.89 | 8.89 | 10560 |  | 0.25 | 0.25 | (13.18) | (13.18) |
| 2021 |  | 10.24 | 10.24 |  |  | 0.25 | 1.45 |  |  |
|  DWS Small Mid Cap Value VIP |  |  |  |  |  |  |  |  |  |
| 2025 |  | 16.42 | 16.42 |  | 1.18 | 0.25 | 0.25 | 14.03 | 14.03 |
| 2024 | 29288 | 14.40 | 14.40 | 421577 | 0.01 | 0.25 | 0.25 | 2.42 | 2.42 |
| 2023 | 27542 | 14.06 | 14.06 | 387084 | 0.00 | 0.25 | 0.25 | 10.97 | 10.97 |
| 2022 | 1653 | 12.67 | 12.67 | 20940 | 0.01 | 0.25 | 0.25 | (18.83) | (18.83) |
| 2021 | 927 | 15.61 | 15.61 | 14465 |  | 0.25 | 0.25 | 25.89 | 25.89 |
|  Eaton Vance VT Floating-Rate Income |  |  |  |  |  |  |  |  |  |
| 2025 | 23466 | 9.15 | 10.32 | 241290 | 6.65 | 0.25 | 1.25 | (0.33) | 0.58 |
| 2024 | 20990 | 10.26 | 10.26 | 215438 | 0.08 | 0.25 | 0.25 | 4.27 | 4.27 |
| 2023 | 23674 | 9.84 | 9.84 | 233061 | 0.08 | 0.25 | 0.25 | 7.66 | 7.66 |
| 2022 | 21338 | 9.14 | 9.14 | 195138 | 0.06 | 0.25 | 0.25 | (5.87) | (5.87) |
| 2021 | 5656 | 9.71 | 9.71 | 54937 | 0.03 | 0.25 | 0.25 | 0.31 | 0.31 |
|  Federated Hermes Fund for U.S. Government Securities II |  |  |  |  |  |  |  |  |  |
| 2025 | 23750 | 6.50 | 8.01 | 158529 | 3.88 | 0.25 | 1.45 | 2.20 | 3.35 |
| 2024 | 23821 | 6.36 | 7.75 | 155592 | 0.04 | 0.25 | 1.45 | (3.93) | (2.64) |
| 2023 | 23898 | 6.62 | 7.96 | 161644 | 0.02 | 0.25 | 1.45 | (0.30) | 0.89 |
| 2022 | 34749 | 6.64 | 7.89 | 234858 | 0.12 | 0.25 | 1.45 | (16.37) | (15.43) |
| 2021 | 24140 | 7.94 | 9.33 | 195373 | 0.02 | 0.25 | 1.45 | (6.37) | (5.09) |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Federated Hermes High Income Bond II |  |  |  |  |  |  |  |  |  |
| 2025 | 21446 | 10.04 | 14.88 | 274855 | 5.66 | 0.25 | 1.35 | 3.63 | 4.71 |
| 2024 | 21756 | 9.68 | 14.31 | 267923 | 0.05 | 0.25 | 1.35 | 1.27 | 2.45 |
| 2023 | 21872 | 9.55 | 14.13 | 264378 | 0.06 | 0.25 | 1.45 | 7.70 | 8.87 |
| 2022 | 30190 | 8.86 | 12.74 | 319916 | 0.05 | 0.25 | 1.45 | (15.54) | (14.73) |
| 2021 | 34357 | 10.49 | 14.94 | 441956 | 0.05 | 0.25 | 1.45 | (0.10) | 1.08 |
|  Fidelity<sup>®</sup> VIP Balanced |  |  |  |  |  |  |  |  |  |
| 2025 | 47829 | 19.34 | 23.50 | 945472 | 1.53 | 0.25 | 1.25 | 10.14 | 11.27 |
| 2024 | 51019 | 17.56 | 21.12 | 912794 | 0.02 | 0.25 | 1.25 | 10.79 | 11.92 |
| 2023 | 41196 | 15.85 | 18.87 | 662148 | 0.02 | 0.25 | 1.45 | 16.20 | 17.35 |
| 2022 | 38757 | 13.64 | 16.08 | 535912 | 0.01 | 0.25 | 1.45 | (21.56) | (20.79) |
| 2021 | 34512 | 17.39 | 17.39 | 600170 | 0.01 | 1.45 | 1.45 | 12.85 | 12.85 |
|  Fidelity<sup>®</sup> VIP Contrafund |  |  |  |  |  |  |  |  |  |
| 2025 | 60161 | 30.58 | 44.51 | 2046443 |  | 0.25 | 1.35 | 16.03 | 17.32 |
| 2024 | 75872 | 26.33 | 38.36 | 2170046 |  | 0.25 | 1.35 | 27.74 | 29.18 |
| 2023 | 72047 | 20.59 | 30.03 | 1629629 | 0.00 | 0.25 | 1.45 | 27.46 | 28.88 |
| 2022 | 73484 | 16.14 | 19.70 | 1308832 | 0.00 | 0.25 | 1.45 | (29.52) | (28.83) |
| 2021 | 70263 | 22.90 | 27.68 | 1783234 | 0.00 | 0.25 | 1.45 | 21.94 | 23.41 |
|  Fidelity<sup>®</sup> VIP Disciplined Small Cap |  |  |  |  |  |  |  |  |  |
| 2025 | 4531 | 17.93 | 24.70 | 89544 | 0.73 | 0.25 | 1.25 | 12.20 | 13.35 |
| 2024 | 2486 | 15.98 | 21.79 | 47409 | 0.01 | 0.25 | 1.25 | 11.67 | 12.84 |
| 2023 | 2560 | 14.31 | 19.31 | 43861 | 0.01 | 0.25 | 1.45 | 15.68 | 16.82 |
| 2022 | 2593 | 12.37 | 16.53 | 38271 | 0.01 | 0.25 | 1.45 | (21.86) | (21.06) |
| 2021 | 2521 | 15.83 | 20.94 | 47310 | 0.00 | 0.25 | 1.45 | 15.21 | 16.53 |
|  Fidelity<sup>®</sup> VIP Emerging Markets |  |  |  |  |  |  |  |  |  |
| 2025 | 57491 | 15.35 | 16.49 | 902600 | 1.77 | 0.25 | 1.25 | 34.89 | 36.28 |
| 2024 | 24277 | 11.38 | 12.10 | 288546 | 0.01 | 0.25 | 1.25 | 5.08 | 6.14 |
| 2023 | 20831 | 10.83 | 11.40 | 234018 | 0.02 | 0.25 | 1.45 | 4.94 | 6.05 |
| 2022 | 15887 | 10.32 | 10.75 | 168291 | 0.01 | 0.25 | 1.45 | (23.67) | (22.94) |
| 2021 | 15499 | 13.52 | 13.95 | 213737 | 0.02 | 0.25 | 1.45 | (6.63) | (5.55) |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Fidelity<sup>®</sup> VIP Growth & Income |  |  |  |  |  |  |  |  |  |
| 2025 | 23414 | 24.35 | 35.98 | 714814 | 1.37 | 0.25 | 1.25 | 16.17 | 17.31 |
| 2024 | 22683 | 20.96 | 30.67 | 591973 | 0.01 | 0.25 | 1.25 | 16.83 | 18.09 |
| 2023 | 22295 | 17.94 | 25.98 | 495386 | 0.01 | 0.25 | 1.45 | 13.47 | 14.60 |
| 2022 | 26051 | 15.81 | 22.25 | 519134 | 0.01 | 0.25 | 1.45 | (9.14) | (8.17) |
| 2021 | 24865 | 17.40 | 24.23 | 545448 | 0.02 | 0.25 | 1.45 | 20.17 | 21.64 |
|  Fidelity<sup>®</sup> VIP Growth Opportunities |  |  |  |  |  |  |  |  |  |
| 2025 | 18125 | 45.97 | 59.70 | 882354 |  | 0.25 | 1.35 | 16.44 | 17.73 |
| 2024 | 40531 | 39.44 | 50.71 | 1888961 |  | 0.25 | 1.35 | 32.60 | 34.12 |
| 2023 | 48957 | 29.71 | 37.81 | 1668656 |  | 0.25 | 1.45 | 39.13 | 40.66 |
| 2022 | 58455 | 21.33 | 26.88 | 1429680 |  | 0.25 | 1.45 | (40.88) | (40.27) |
| 2021 | 66243 | 36.08 | 45.00 | 2701860 |  | 0.25 | 1.45 | 6.81 | 8.10 |
|  Fidelity<sup>®</sup> VIP High Income |  |  |  |  |  |  |  |  |  |
| 2025 | 3900 | 9.80 | 11.07 | 39206 | 6.75 | 0.25 | 1.25 | 5.72 | 6.85 |
| 2024 | 3793 | 9.27 | 10.36 | 35989 | 0.05 | 0.25 | 1.25 | 4.16 | 5.07 |
| 2023 | 4753 | 8.90 | 9.86 | 44088 | 0.06 | 0.25 | 1.45 | 5.58 | 6.71 |
| 2022 | 4626 | 8.43 | 9.24 | 40454 | 0.06 | 0.25 | 1.45 | (15.36) | (14.44) |
| 2021 | 3487 | 9.96 | 10.80 | 35337 | 0.05 | 0.25 | 1.45 | (0.20) | 0.93 |
|  Fidelity<sup>®</sup> VIP Index 500 |  |  |  |  |  |  |  |  |  |
| 2025 | 63189 | 28.17 | 34.04 | 1936039 | 0.98 | 0.25 | 1.40 | 12.43 | 13.69 |
| 2024 | 51048 | 25.02 | 29.94 | 1348814 | 0.01 | 0.25 | 1.40 | 19.17 | 20.58 |
| 2023 | 52451 | 20.96 | 24.83 | 1152075 | 0.01 | 0.25 | 1.45 | 20.51 | 21.89 |
| 2022 | 85754 | 17.37 | 20.37 | 1603744 | 0.01 | 0.25 | 1.45 | (21.83) | (21.02) |
| 2021 | 102551 | 22.22 | 25.79 | 2427037 | 0.01 | 0.25 | 1.45 | 22.69 | 24.17 |
|  Fidelity<sup>®</sup> VIP Investment Grade Bond |  |  |  |  |  |  |  |  |  |
| 2025 | 55148 | 7.74 | 9.67 | 469590 | 3.35 | 0.25 | 1.35 | 2.38 | 3.53 |
| 2024 | 61128 | 7.56 | 9.34 | 505260 | 0.03 | 0.25 | 1.35 | (2.83) | (1.68) |
| 2023 | 77772 | 7.77 | 9.50 | 674072 | 0.02 | 0.25 | 1.45 | 1.44 | 2.59 |
| 2022 | 94339 | 7.65 | 9.26 | 795192 | 0.02 | 0.25 | 1.45 | (16.85) | (16.05) |
| 2021 | 95114 | 9.20 | 11.03 | 961992 | 0.02 | 0.25 | 1.45 | (5.15) | (4.00) |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Fidelity<sup>®</sup> VIP Mid Cap |  |  |  |  |  |  |  |  |  |
| 2025 | 3681 | 18.46 | 22.35 | 79898 | 0.24 | 0.25 | 1.25 | 6.83 | 7.92 |
| 2024 | 3761 | 17.28 | 20.71 | 75213 |  | 0.25 | 1.25 | 12.28 | 13.42 |
| 2023 | 3721 | 15.39 | 18.26 | 65616 | 0.00 | 0.25 | 1.45 | 10.09 | 11.21 |
| 2022 | 14659 | 13.98 | 16.42 | 238670 | 0.00 | 0.25 | 1.45 | (18.48) | (17.69) |
| 2021 | 15119 | 17.15 | 19.95 | 299068 | 0.00 | 0.25 | 1.45 | 19.85 | 21.28 |
|  Fidelity<sup>®</sup> VIP Overseas |  |  |  |  |  |  |  |  |  |
| 2025 | 10259 | 13.41 | 15.01 | 144460 | 1.45 | 0.25 | 1.25 | 15.11 | 16.18 |
| 2024 | 10131 | 11.65 | 12.92 | 123593 | 0.01 | 0.25 | 1.25 | 0.43 | 1.49 |
| 2023 | 10158 | 11.60 | 12.73 | 122988 | 0.01 | 0.25 | 1.45 | 15.19 | 16.36 |
| 2022 | 5442 | 10.07 | 10.07 | 54802 | 0.01 | 1.45 | 1.45 | (27.81) | (27.81) |
| 2021 | 5257 | 13.95 | 13.95 | 73333 | 0.00 | 1.45 | 1.45 | 14.25 | 14.25 |
|  Fidelity<sup>®</sup> VIP Real Estate |  |  |  |  |  |  |  |  |  |
| 2025 | 5153 | 10.25 | 13.97 | 62511 | 1.95 | 0.25 | 1.25 | (1.44) | (0.36) |
| 2024 | 5010 | 10.40 | 14.02 | 61254 | 0.04 | 0.25 | 1.25 | 1.86 | 2.86 |
| 2023 | 6285 | 10.21 | 13.63 | 72572 | 0.02 | 0.25 | 1.45 | 6.24 | 7.32 |
| 2022 | 16686 | 9.61 | 12.70 | 200398 | 0.01 | 0.25 | 1.45 | (30.66) | (29.99) |
| 2021 | 17169 | 13.86 | 18.14 | 295978 | 0.01 | 0.25 | 1.45 | 32.63 | 34.27 |
|  Fidelity<sup>®</sup> VIP Strategic Income |  |  |  |  |  |  |  |  |  |
| 2025 | 22336 | 9.17 | 10.63 | 206297 | 3.63 | 0.25 | 1.25 | 4.09 | 5.04 |
| 2024 | 21804 | 8.81 | 10.12 | 193514 | 0.03 | 0.25 | 1.25 | 1.38 | 2.43 |
| 2023 | 22855 | 8.69 | 9.88 | 199979 | 0.04 | 0.25 | 1.45 | 4.57 | 5.67 |
| 2022 | 22411 | 8.31 | 9.35 | 187372 | 0.04 | 0.25 | 1.45 | (15.20) | (14.30) |
| 2021 | 17860 | 9.80 | 9.80 | 174988 | 0.03 | 1.45 | 1.45 | (1.01) | (1.01) |
|  Franklin DynaTech VIP |  |  |  |  |  |  |  |  |  |
| 2025 | 1338 | 28.05 | 33.85 | 43814 |  | 0.25 | 1.25 | 13.20 | 14.32 |
| 2024 | 236 | 24.78 | 29.61 | 5845 |  | 0.25 | 1.25 | 24.96 | 26.27 |
| 2023 | 1076 | 19.83 | 23.45 | 24395 |  | 0.25 | 1.45 | 37.80 | 39.17 |
| 2022 | 1058 | 14.39 | 16.85 | 17277 |  | 0.25 | 1.45 | (42.44) | (41.86) |
| 2021 | 880 | 25.00 | 28.98 | 25500 |  | 0.25 | 1.45 | 11.11 | 12.46 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Franklin Growth and Income VIP Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 19211 | 19.83 | 26.83 | 432859 | 2.13 | 0.25 | 1.25 | 12.03 | 13.16 |
| 2024 | 18647 | 17.70 | 23.71 | 373296 | 0.02 | 0.25 | 1.25 | 13.10 | 14.21 |
| 2023 | 18110 | 15.65 | 20.76 | 319132 | 0.02 | 0.25 | 1.45 | 4.47 | 5.54 |
| 2022 | 17597 | 14.98 | 19.67 | 295506 | 0.03 | 0.25 | 1.45 | (10.73) | (9.81) |
| 2021 | 14817 | 16.78 | 21.81 | 281682 | 0.02 | 0.25 | 1.45 | 19.86 | 21.23 |
|  Franklin Income VIP Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 24373 | 12.07 | 14.87 | 295880 | 5.02 | 0.25 | 1.25 | 7.86 | 8.94 |
| 2024 | 23739 | 11.19 | 13.65 | 267186 | 0.05 | 0.25 | 1.25 | 2.75 | 3.80 |
| 2023 | 25217 | 10.89 | 13.15 | 276131 | 0.05 | 0.25 | 1.45 | 4.11 | 5.12 |
| 2022 | 25691 | 10.46 | 12.51 | 272194 | 0.04 | 0.25 | 1.45 | (9.44) | (8.49) |
| 2021 | 20603 | 11.55 | 13.67 | 239942 | 0.04 | 0.25 | 1.45 | 11.70 | 13.07 |
|  Franklin Large Cap Growth VIP Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 15284 | 25.24 | 33.06 | 385807 |  | 0.25 | 1.25 | 2.73 | 3.77 |
| 2024 | 18136 | 24.57 | 31.86 | 464911 |  | 0.25 | 1.25 | 20.97 | 22.26 |
| 2023 | 19632 | 20.31 | 26.06 | 413517 |  | 0.25 | 1.45 | 34.68 | 35.94 |
| 2022 | 18003 | 15.08 | 19.17 | 281847 |  | 0.25 | 1.45 | (39.17) | (38.54) |
| 2021 | 724 | 24.79 | 24.79 | 17943 |  | 1.45 | 1.45 | 10.23 | 10.23 |
|  Franklin Mutual Global Discovery VIP Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 9494 | 14.57 | 18.86 | 168542 | 1.94 | 0.25 | 1.25 | 18.17 | 19.44 |
| 2024 | 9232 | 12.33 | 15.79 | 137554 | 0.02 | 0.25 | 1.25 | 0.33 | 1.28 |
| 2023 | 8977 | 12.29 | 15.59 | 132310 | 0.03 | 0.25 | 1.45 | 15.29 | 16.43 |
| 2022 | 8729 | 10.66 | 13.39 | 110707 | 0.01 | 0.25 | 1.45 | (8.73) | (7.78) |
| 2021 | 8489 | 11.68 | 14.52 | 117000 | 0.02 | 0.25 | 1.45 | 13.95 | 15.33 |
|  Franklin Mutual Shares VIP Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 4353 | 17.53 | 17.53 | 76316 | 2.05 | 0.25 | 0.25 | 7.94 | 7.94 |
| 2024 | 4229 | 12.42 | 16.24 | 68676 | 0.02 | 0.25 | 1.25 | 6.70 | 7.69 |
| 2023 | 5714 | 11.64 | 15.08 | 80639 | 0.02 | 0.25 | 1.45 | 8.68 | 9.83 |
| 2022 | 4751 | 10.71 | 13.73 | 62925 | 0.02 | 0.25 | 1.45 | (11.27) | (10.38) |
| 2021 | 4620 | 12.07 | 15.32 | 68370 | 0.03 | 0.25 | 1.45 | 13.98 | 15.36 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Franklin Rising Dividends VIP Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 30449 | 20.85 | 29.32 | 819351 | 0.81 | 0.25 | 1.25 | 7.14 | 8.19 |
| 2024 | 29644 | 19.46 | 27.10 | 738808 | 0.01 | 0.25 | 1.25 | 6.16 | 7.24 |
| 2023 | 33434 | 18.33 | 25.27 | 755987 | 0.01 | 0.25 | 1.45 | 7.44 | 8.50 |
| 2022 | 26454 | 17.06 | 23.29 | 538620 | 0.01 | 0.25 | 1.45 | (14.31) | (13.39) |
| 2021 | 21634 | 19.91 | 26.89 | 525728 | 0.01 | 0.25 | 1.45 | 21.33 | 22.73 |
|  Franklin Small Cap Value VIP Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 8014 | 15.71 | 20.88 | 139200 | 1.71 | 0.25 | 1.25 | 3.15 | 4.19 |
| 2024 | 29182 | 15.23 | 20.04 | 526387 | 0.01 | 0.25 | 1.25 | 7.03 | 8.15 |
| 2023 | 29507 | 14.23 | 18.53 | 493008 | 0.00 | 0.25 | 1.45 | 8.05 | 9.13 |
| 2022 | 29865 | 13.17 | 16.98 | 455822 | 0.01 | 0.25 | 1.45 | (13.75) | (12.92) |
| 2021 | 29085 | 15.27 | 19.50 | 511740 | 0.01 | 0.25 | 1.45 | 19.86 | 21.42 |
|  Franklin Small-Mid Cap Growth VIP Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 16307 | 17.75 | 41.88 | 327082 |  | 0.25 | 1.45 | (1.99) | (0.76) |
| 2024 | 18118 | 18.07 | 42.20 | 379198 |  | 0.25 | 1.45 | 6.18 | 7.46 |
| 2023 | 22388 | 16.98 | 39.27 | 446774 |  | 0.25 | 1.45 | 21.21 | 22.72 |
| 2022 | 26007 | 16.41 | 32.00 | 428726 |  | 0.25 | 1.45 | (36.54) | (35.79) |
| 2021 | 19565 | 25.86 | 49.84 | 515122 |  | 0.25 | 1.45 | 5.21 | 6.50 |
|  Franklin Strategic Income VIP Fund 2025 |  | 7.88 | 7.88 |  | 9.95 | 1.25 | 1.25 | 2.74 | 2.74 |
| 2024 | 4366 | 7.67 | 7.67 | 33475 | 0.04 | 1.25 | 1.25 | (0.26) | (0.26) |
| 2023 | 4245 | 7.69 | 7.69 | 32655 | 0.05 | 1.25 | 1.45 | 3.64 | 3.64 |
| 2022 | 4128 | 7.42 | 7.42 | 30627 | 0.04 | 1.45 | 1.45 | (14.52) | (14.52) |
| 2021 | 4014 | 8.68 | 8.68 | 34823 | 0.03 | 1.45 | 1.45 | (2.25) | (2.25) |
|  Franklin U.S. Government Securities VIP Fund 2025 | 17408 | 6.75 | 7.41 | 120157 | 3.96 | 0.25 | 1.25 | 2.27 | 3.20 |
| 2024 | 64743 | 6.60 | 7.18 | 457234 | 0.03 | 0.25 | 1.25 | (2.94) | (1.78) |
| 2023 | 46266 | 6.80 | 7.31 | 331525 | 0.03 | 0.25 | 1.45 | 0.15 | 1.11 |
| 2022 | 44982 | 6.79 | 7.23 | 319634 | 0.03 | 0.25 | 1.45 | (13.50) | (12.68) |
| 2021 | 37528 | 7.85 | 8.28 | 307387 | 0.02 | 0.25 | 1.45 | (6.10) | (4.94) |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Goldman Sachs VIT International Equity Insights |  |  |  |  |  |  |  |  |  |
| 2025 | 724 | 12.93 | 14.89 | 10837 | 2.52 | 0.25 | 1.25 | 32.34 | 33.66 |
| 2024 | 704 | 11.14 | 11.14 | 7880 | 0.03 | 0.25 | 0.25 | 2.48 | 2.48 |
| 2023 | 685 | 10.87 | 10.87 | 7480 | 0.02 | 0.25 | 0.25 | 14.66 | 14.66 |
| 2022 | 666 | 9.48 | 9.48 | 6345 | 0.02 | 0.25 | 0.25 | (16.48) | (16.48) |
| 2021 | 1091 | 11.35 | 11.35 | 12410 | 0.03 | 0.25 | 0.25 | 8.20 | 8.20 |
|  Goldman Sachs VIT Mid Cap Growth Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 31245 | 20.45 | 27.23 | 823882 |  | 0.25 | 1.25 | 2.87 | 3.93 |
| 2024 | 16249 | 19.88 | 26.20 | 401382 |  | 0.25 | 1.25 | 15.25 | 16.39 |
| 2023 | 16131 | 17.25 | 22.51 | 343285 |  | 0.25 | 1.45 | 13.56 | 14.67 |
| 2022 | 16079 | 15.19 | 19.63 | 299339 |  | 0.25 | 1.45 | (29.38) | (28.62) |
| 2021 | 16055 | 21.51 | 27.50 | 420191 |  | 0.25 | 1.45 | 6.64 | 7.89 |
|  Goldman Sachs VIT Mid Cap Value |  |  |  |  |  |  |  |  |  |
| 2025 | 13010 | 16.46 | 21.74 | 230128 | 0.91 | 0.25 | 1.25 | 4.57 | 5.64 |
| 2024 | 13453 | 15.74 | 20.58 | 229915 | 0.01 | 0.25 | 1.25 | 7.44 | 8.54 |
| 2023 | 13508 | 14.65 | 18.96 | 215393 | 0.01 | 0.25 | 1.45 | 6.55 | 7.60 |
| 2022 | 11297 | 13.75 | 17.62 | 157394 | 0.00 | 0.25 | 1.45 | (13.95) | (13.12) |
| 2021 | 10447 | 15.98 | 15.98 | 166842 | 0.00 | 1.45 | 1.45 | 24.84 | 24.84 |
|  Guggenheim VIF Floating Rate Strategies |  |  |  |  |  |  |  |  |  |
| 2025 | 16939 | 9.17 | 10.34 | 157349 | 9.00 | 0.25 | 1.25 | (0.76) | 0.29 |
| 2024 | 16552 | 9.24 | 10.31 | 154730 | 0.07 | 0.25 | 1.25 | 2.33 | 3.41 |
| 2023 | 18816 | 9.03 | 9.97 | 171377 | 0.04 | 0.25 | 1.45 | 6.49 | 7.55 |
| 2022 | 18394 | 8.48 | 9.27 | 157165 | 0.02 | 0.25 | 1.45 | (4.93) | (4.04) |
| 2021 | 18004 | 8.92 | 9.66 | 161741 | 0.02 | 0.25 | 1.45 | (1.98) | (0.72) |
|  Guggenheim VIF Global Managed Futures Strategy |  |  |  |  |  |  |  |  |  |
| 2025 | 10684 | 5.19 | 7.38 | 58931 | 1.83 | 0.25 | 1.25 | (0.67) | 0.39 |
| 2024 | 11193 | 5.17 | 7.43 | 61397 | 0.03 | 0.25 | 1.25 | (3.88) | (2.82) |
| 2023 | 11134 | 5.32 | 7.73 | 62910 | 0.03 | 0.25 | 1.45 | (0.51) | 0.38 |
| 2022 | 11986 | 5.30 | 7.77 | 67137 | 0.02 | 0.25 | 1.45 | 6.73 | 7.72 |
| 2021 | 11133 | 4.92 | 7.28 | 58144 |  | 0.25 | 1.45 | (3.58) | (2.19) |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Guggenheim VIF High Yield |  |  |  |  |  |  |  |  |  |
| 2025 | 2763 | 10.14 | 10.14 | 28023 | 7.94 | 1.25 | 1.25 | 2.42 | 2.42 |
| 2024 | 1879 | 9.90 | 11.78 | 18623 | 0.06 | 0.25 | 1.25 | 3.13 | 4.16 |
| 2023 | 2029 | 9.60 | 11.31 | 19833 | 0.07 | 0.25 | 1.45 | 7.38 | 8.44 |
| 2022 | 2713 | 8.94 | 10.43 | 25663 | 0.06 | 0.25 | 1.45 | (13.54) | (12.57) |
| 2021 | 2642 | 10.34 | 11.93 | 28766 | 0.05 | 0.25 | 1.45 | 0.88 | 1.97 |
|  Guggenheim VIF Multi-Hedge Strategies |  |  |  |  |  |  |  |  |  |
| 2025 | 2104 | 5.18 | 7.23 | 14689 | 2.08 | 1.25 | 1.30 | (3.08) | (3.00) |
| 2024 | 2451 | 5.34 | 7.46 | 17653 | 0.06 | 0.25 | 1.30 | (7.77) | (6.73) |
| 2023 | 17459 | 5.79 | 8.08 | 125660 | 0.03 | 0.25 | 1.45 |  | 1.06 |
| 2022 | 28085 | 6.62 | 8.07 | 195023 | 0.01 | 0.25 | 1.45 | (7.45) | (6.50) |
| 2021 | 41952 | 7.08 | 8.72 | 295762 |  | 0.25 | 1.45 | 3.32 | 4.58 |
|  Guggenheim VIF Total Return Bond |  |  |  |  |  |  |  |  |  |
| 2025 | 143215 | 8.82 | 9.79 | 1385953 | 3.98 | 0.25 | 1.25 | 3.04 | 4.04 |
| 2024 | 124154 | 8.56 | 9.41 | 1153882 | 0.04 | 0.25 | 1.25 | (1.27) | (0.21) |
| 2023 | 112794 | 8.67 | 9.43 | 1050646 | 0.02 | 0.25 | 1.45 | 2.48 | 3.63 |
| 2022 | 41970 | 8.46 | 9.10 | 366142 | 0.03 | 0.25 | 1.45 | (19.58) | (18.89) |
| 2021 | 42506 | 10.52 | 11.22 | 459877 | 0.02 | 0.25 | 1.45 | (4.80) | (3.61) |
|  Invesco V.I. American Franchise Series I |  |  |  |  |  |  |  |  |  |
| 2025 | 5194 | 23.45 | 23.45 | 122380 |  | 1.45 | 1.45 | 6.79 | 6.79 |
| 2024 | 5056 | 21.96 | 21.96 | 111046 |  | 1.45 | 1.45 | 29.02 | 29.02 |
| 2023 | 5867 | 17.02 | 17.02 | 100400 |  | 1.45 | 1.45 | 34.76 | 34.76 |
| 2022 | 4653 | 12.63 | 12.63 | 58803 |  | 1.45 | 1.45 | (34.08) | (34.08) |
| 2021 | 4551 | 19.16 | 19.16 | 87501 |  | 1.45 | 1.45 | 7.04 | 7.04 |
|  Invesco V.I. American Value |  |  |  |  |  |  |  |  |  |
| 2025 | 990 | 19.66 | 19.66 | 19464 | 0.21 | 1.25 | 1.25 | 15.72 | 15.72 |
| 2024 | 963 | 16.99 | 16.99 | 16355 | 0.01 | 1.25 | 1.25 | 24.65 | 24.65 |
| 2023 | 936 | 13.63 | 13.63 | 12756 | 0.00 | 1.25 | 1.45 | 10.54 | 10.54 |
| 2022 | 911 | 12.33 | 12.33 | 11227 | 0.00 | 1.45 | 1.45 | (6.87) | (6.87) |
| 2021 | 1094 | 13.24 | 13.24 | 14484 | 0.00 | 1.45 | 1.45 | 22.03 | 22.03 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Invesco V.I. Balanced-Risk Allocation |  |  |  |  |  |  |  |  |  |
| 2025 | 1669 | 10.74 | 10.74 | 17924 | 6.87 | 0.25 | 0.25 | 5.19 | 5.19 |
| 2024 | 1623 | 10.21 | 10.21 | 16565 | 0.04 | 0.25 | 0.25 | 0.20 | 0.20 |
| 2023 | 3098 | 10.19 | 10.19 | 31550 |  | 0.25 | 0.25 | 3.03 | 3.03 |
| 2022 | 2874 | 9.89 | 9.89 | 28416 | 0.07 | 0.25 | 0.25 | (17.24) | (17.24) |
| 2021 | 2865 | 11.95 | 11.95 | 34234 | 0.03 | 0.25 | 0.25 | 5.75 | 5.75 |
|  Invesco V.I. Comstock |  |  |  |  |  |  |  |  |  |
| 2025 | 232 | 19.62 | 19.62 | 4552 | 2.72 | 1.25 | 1.25 | 12.24 | 12.24 |
| 2024 |  | 17.48 | 17.48 |  | 0.01 | 1.25 | 1.25 | 10.08 | 10.08 |
| 2023 | 19168 | 15.88 | 15.88 | 304337 | 0.02 | 1.25 | 1.45 | 7.44 | 7.44 |
| 2022 | 19071 | 14.78 | 14.78 | 281850 | 0.02 | 1.45 | 1.45 | (3.34) | (3.34) |
| 2021 | 6430 | 15.29 | 15.29 | 98324 | 0.03 | 1.45 | 1.45 | 27.31 | 27.31 |
|  Invesco V.I. Core Equity |  |  |  |  |  |  |  |  |  |
| 2025 | 3828 | 25.38 | 25.38 | 97137 | 0.42 | 0.25 | 0.25 | 12.15 | 12.15 |
| 2024 | 3714 | 22.63 | 22.63 | 84031 | 0.01 | 0.25 | 0.25 | 21.28 | 21.28 |
| 2023 | 3604 | 18.66 | 18.66 | 67239 | 0.00 | 0.25 | 0.25 | 19.16 | 19.16 |
| 2022 | 3498 | 15.66 | 15.66 | 54764 | 0.01 | 0.25 | 0.25 | (23.27) | (23.27) |
| 2021 | 3395 | 20.41 | 20.41 | 69279 | 0.00 | 0.25 | 0.25 | 23.32 | 23.32 |
|  Invesco V.I. Discovery Mid Cap Growth |  |  |  |  |  |  |  |  |  |
| 2025 | 275 | 18.57 | 18.57 | 5106 |  | 1.25 | 1.25 | 0.16 | 0.16 |
| 2024 | 267 | 18.54 | 18.54 | 4957 |  | 1.25 | 1.25 | 18.77 | 18.77 |
| 2023 | 1333 | 15.61 | 15.61 | 20807 |  | 1.25 | 1.45 | 8.10 | 8.10 |
| 2022 | 680 | 14.44 | 14.44 | 9810 |  | 1.45 | 1.45 | (33.97) | (33.97) |
| 2021 | 415 | 21.87 | 21.87 | 9076 |  | 1.45 | 1.45 | 13.67 | 13.67 |
|  Invesco V.I. Equally-Weighted S&P 500 |  |  |  |  |  |  |  |  |  |
| 2025 | 27710 | 11.71 | 12.15 | 334575 | 2.56 | 0.25 | 1.25 | 6.17 | 7.24 |
| 2024 | 1651 | 11.03 | 11.33 | 18216 | 0.25 | 0.25 | 1.25 | 7.82 | 8.84 |
| 2023 | 1606 | 10.23 | 10.23 | 16435 | 0.01 | 1.25 | 1.45 | 8.71 | 8.71 |
| 2022 | 1562 | 9.41 | 9.41 | 14701 | 0.02 | 1.45 | 1.45 | (5.90) | (5.90) |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Invesco V.I. Equity and Income |  |  |  |  |  |  |  |  |  |
| 2025 | 1791 | 14.95 | 14.95 | 26750 | 1.88 | 1.25 | 1.25 | 7.86 | 7.86 |
| 2024 | 1742 | 13.86 | 13.86 | 24123 | 0.01 | 1.25 | 1.25 | 7.19 | 7.19 |
| 2023 | 5508 | 12.93 | 12.93 | 71190 | 0.02 | 1.25 | 1.45 | 5.64 | 5.64 |
| 2022 | 5614 | 12.24 | 12.24 | 68688 | 0.01 | 1.45 | 1.45 | (11.50) | (11.50) |
| 2021 | 5713 | 13.83 | 13.83 | 79021 | 0.02 | 1.45 | 1.45 | 13.18 | 13.18 |
|  Invesco V.I. EVQ International Equity Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 19684 | 10.82 | 12.08 | 216439 | 1.21 | 0.25 | 1.25 | 11.31 | 12.48 |
| 2024 | 21073 | 9.71 | 10.74 | 207930 | 0.02 | 0.25 | 1.25 | (3.78) | (2.89) |
| 2023 | 22814 | 10.09 | 11.06 | 232930 |  | 0.25 | 1.45 | 12.93 | 14.14 |
| 2022 | 35869 | 9.36 | 9.69 | 323540 | 0.01 | 0.25 | 1.45 | (21.87) | (21.09) |
| 2021 | 36583 | 11.98 | 12.28 | 421278 | 0.01 | 0.25 | 1.45 | 1.01 | 2.25 |
|  Invesco V.I. Global |  |  |  |  |  |  |  |  |  |
| 2025 | 5735 | 18.96 | 23.48 | 118535 |  | 0.25 | 1.25 | 10.17 | 11.33 |
| 2024 | 8226 | 17.21 | 21.09 | 159973 |  | 0.25 | 1.25 | 10.96 | 12.06 |
| 2023 | 8016 | 15.51 | 18.82 | 139596 |  | 0.25 | 1.45 | 28.93 | 30.15 |
| 2022 | 7816 | 12.03 | 14.46 | 104958 |  | 0.25 | 1.45 | (34.76) | (34.06) |
| 2021 | 7621 | 18.44 | 21.93 | 155884 |  | 0.25 | 1.45 | 10.16 | 11.49 |
|  Invesco V.I. Global Real Estate |  |  |  |  |  |  |  |  |  |
| 2025 | 1728 | 10.07 | 10.07 | 17459 | 1.82 | 0.25 | 0.25 | 4.14 | 4.14 |
| 2024 | 1879 | 9.67 | 9.67 | 18168 | 0.02 | 0.25 | 0.25 | (5.20) | (5.20) |
| 2023 | 3227 | 10.20 | 10.20 | 32989 | 0.01 | 0.25 | 0.25 | 5.26 | 5.26 |
| 2022 | 3237 | 9.69 | 9.69 | 31340 | 0.03 | 0.25 | 0.25 | (27.47) | (27.47) |
| 2021 | 3124 | 13.36 | 13.36 | 41732 | 0.03 | 0.25 | 0.25 | 21.45 | 21.45 |
|  Invesco V.I. Global Strategic Income |  |  |  |  |  |  |  |  |  |
| 2025 | 14440 | 7.69 | 8.79 | 111844 | 5.44 | 0.25 | 1.25 | 8.01 | 9.06 |
| 2024 | 14061 | 7.12 | 8.06 | 100731 | 0.03 | 0.25 | 1.25 | (1.52) | (0.49) |
| 2023 | 16108 | 7.23 | 8.10 | 116994 |  | 0.25 | 1.45 | 4.18 | 5.19 |
| 2022 | 15418 | 6.94 | 7.70 | 108313 |  | 0.25 | 1.45 | (15.47) | (14.54) |
| 2021 | 15028 | 8.21 | 9.01 | 124630 | 0.04 | 0.25 | 1.45 | (7.75) | (6.73) |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Invesco V.I. Government Securities |  |  |  |  |  |  |  |  |  |
| 2025 | 78 | 6.40 | 6.40 | 498 | 2.60 | 1.30 | 1.30 | 2.40 | 2.40 |
| 2024 | 93 | 6.25 | 6.25 | 580 | 0.32 | 1.30 | 1.30 | (2.80) | (2.80) |
| 2023 | 128 | 6.43 | 6.43 | 822 | 0.01 | 1.30 | 1.30 | 0.16 | 0.16 |
| 2022 | 208 | 6.42 | 6.42 | 1339 | 0.02 | 1.30 | 1.30 | (14.40) | (14.40) |
| 2021 | 281 | 7.50 | 7.50 | 2112 | 0.02 | 1.30 | 1.30 | (6.60) | (6.60) |
|  Invesco V.I. Health Care |  |  |  |  |  |  |  |  |  |
| 2025 | 4692 | 14.71 | 22.13 | 69187 |  | 0.25 | 1.25 | 10.27 | 11.43 |
| 2024 | 4569 | 13.34 | 13.34 | 61038 |  | 1.25 | 1.25 | (0.45) | (0.45) |
| 2023 | 4445 | 13.40 | 13.40 | 59667 |  | 1.25 | 1.45 | (1.54) | (1.54) |
| 2022 | 4326 | 13.61 | 13.61 | 58957 |  | 1.45 | 1.45 | (17.11) | (17.11) |
| 2021 | 1615 | 16.42 | 16.42 | 26615 |  | 1.45 | 1.45 | 7.18 | 7.18 |
|  Invesco V.I. International Growth Fund (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 9787 | 10.44 | 13.19 | 120457 | 0.06 | 0.25 | 1.25 | 10.71 | 11.78 |
| 2024 | 10471 | 9.43 | 11.80 | 116268 |  | 0.25 | 1.25 | (5.89) | (4.92) |
| 2023 | 12418 | 10.02 | 12.41 | 147254 | 0.00 | 0.25 | 1.45 | 15.57 | 16.75 |
| 2022 | 36103 | 8.67 | 10.63 | 377835 |  | 0.25 | 1.45 | (30.19) | (29.46) |
| 2021 | 36430 | 12.42 | 15.07 | 540505 |  | 0.25 | 1.45 | 5.34 | 6.58 |
|  Invesco V.I. Main Street Mid Cap Fund<sup>®</sup> |  |  |  |  |  |  |  |  |  |
| 2025 | 6714 | 14.99 | 18.89 | 108454 | 0.11 | 0.25 | 1.25 | 4.46 | 5.47 |
| 2024 | 6196 | 14.35 | 17.91 | 95492 |  | 0.25 | 1.25 | 11.93 | 13.07 |
| 2023 | 7044 | 12.82 | 15.84 | 97246 | 0.00 | 0.25 | 1.45 | 9.39 | 10.46 |
| 2022 | 6258 | 11.72 | 14.34 | 78651 | 0.00 | 0.25 | 1.45 | (17.98) | (17.16) |
| 2021 | 2084 | 15.73 | 17.31 | 34176 | 0.00 | 0.25 | 1.20 | 17.83 | 18.97 |
|  Invesco V.I. Main Street Small Cap Fund<sup>®</sup> |  |  |  |  |  |  |  |  |  |
| 2025 | 14670 | 18.18 | 21.12 | 288778 | 0.23 | 1.25 | 1.25 | 3.89 | 3.89 |
| 2024 | 14149 | 17.50 | 20.33 | 268302 |  | 1.25 | 1.25 | 7.74 | 7.76 |
| 2023 | 15644 | 16.24 | 20.96 | 277920 | 0.01 | 0.25 | 1.45 | 12.86 | 14.10 |
| 2022 | 37861 | 14.39 | 18.37 | 649173 | 0.00 | 0.25 | 1.45 | (19.47) | (18.72) |
| 2021 | 38170 | 17.87 | 22.60 | 810007 | 0.00 | 0.25 | 1.45 | 16.95 | 18.32 |

---

(a) Name change. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Invesco V.I. Small Cap Equity |  |  |  |  |  |  |  |  |  |
| 2025 | 2941 | 15.21 | 15.21 | 44719 |  | 1.25 | 1.25 | 3.33 | 3.33 |
| 2024 | 2857 | 14.72 | 18.77 | 42036 |  | 0.25 | 1.25 | 12.97 | 14.10 |
| 2023 | 4085 | 13.03 | 16.45 | 57715 |  | 0.25 | 1.45 | 11.37 | 12.52 |
| 2022 | 4035 | 11.70 | 14.62 | 51097 |  | 0.25 | 1.45 | (23.98) | (23.25) |
| 2021 | 3817 | 15.39 | 19.05 | 63099 |  | 0.25 | 1.45 | 14.85 | 16.30 |
|  Janus Henderson VIT Enterprise |  |  |  |  |  |  |  |  |  |
| 2025 | 11431 | 24.30 | 32.64 | 300160 | 0.05 | 0.25 | 1.25 | 2.92 | 3.95 |
| 2024 | 11914 | 23.61 | 31.40 | 292762 | 0.01 | 0.25 | 1.25 | 10.53 | 11.66 |
| 2023 | 13596 | 21.36 | 28.12 | 300307 | 0.00 | 0.25 | 1.45 | 12.90 | 13.98 |
| 2022 | 14661 | 18.92 | 24.67 | 292642 | 0.00 | 0.25 | 1.45 | (19.66) | (18.80) |
| 2021 | 14416 | 23.55 | 30.38 | 356532 | 0.00 | 0.25 | 1.45 | 11.51 | 12.81 |
|  Janus Henderson VIT Forty |  |  |  |  |  |  |  |  |  |
| 2025 | 8060 | 35.59 | 35.59 | 286905 |  | 1.25 | 1.25 | 12.91 | 12.91 |
| 2024 | 2600 | 31.52 | 31.52 | 81952 |  | 1.25 | 1.25 | 22.79 | 22.79 |
| 2023 | 339 | 25.67 | 25.67 | 8690 | 0.00 | 1.25 | 1.45 | 33.84 | 33.84 |
| 2022 | 329 | 19.18 | 19.18 | 6313 | 0.00 | 1.45 | 1.45 | (36.45) | (36.45) |
| 2021 | 320 | 30.18 | 30.18 | 9665 |  | 1.45 | 1.45 | 17.25 | 17.25 |
|  Janus Henderson VIT Overseas |  |  |  |  |  |  |  |  |  |
| 2025 | 45359 | 10.03 | 12.27 | 467014 | 1.34 | 0.25 | 1.25 | 23.19 | 24.44 |
| 2024 | 42800 | 8.06 | 9.96 | 354834 | 0.01 | 0.25 | 1.25 | 1.12 | 2.15 |
| 2023 | 40665 | 7.89 | 9.85 | 330597 | 0.01 | 0.25 | 1.45 | 6.03 | 7.06 |
| 2022 | 9559 | 7.37 | 9.29 | 79800 | 0.02 | 0.25 | 1.45 | (12.61) | (11.74) |
| 2021 | 6594 | 8.35 | 10.63 | 65880 | 0.01 | 0.25 | 1.45 | 8.36 | 9.72 |
|  Janus Henderson VIT Research |  |  |  |  |  |  |  |  |  |
| 2025 | 2905 | 32.79 | 42.97 | 115933 |  | 0.25 | 1.25 | 13.15 | 14.31 |
| 2024 | 3402 | 28.98 | 37.59 | 120562 |  | 0.25 | 1.25 | 29.32 | 30.61 |
| 2023 | 3308 | 22.41 | 28.78 | 89924 | 0.00 | 0.25 | 1.45 | 36.90 | 38.23 |
| 2022 | 2661 | 16.37 | 20.82 | 51807 |  | 0.25 | 1.45 | (32.96) | (32.27) |
| 2021 | 2773 | 24.42 | 30.74 | 80296 | 0.00 | 0.25 | 1.45 | 14.81 | 16.22 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Lord Abbett Series Bond-Debenture VC |  |  |  |  |  |  |  |  |  |
| 2025 | 35398 | 9.82 | 12.10 | 354855 | 5.85 | 0.25 | 1.25 | 3.81 | 4.85 |
| 2024 | 36583 | 9.46 | 11.54 | 352945 | 0.05 | 0.25 | 1.25 | 2.27 | 3.31 |
| 2023 | 40930 | 9.25 | 11.17 | 393874 | 0.05 | 0.25 | 1.45 | 2.10 | 3.14 |
| 2022 | 43396 | 9.06 | 10.83 | 411428 | 0.04 | 0.25 | 1.45 | (16.42) | (15.59) |
| 2021 | 41834 | 10.84 | 12.83 | 472128 | 0.03 | 0.25 | 1.45 | (1.19) | (0.08) |
|  Lord Abbett Series Developing Growth VC |  |  |  |  |  |  |  |  |  |
| 2025 | 5273 | 18.36 | 25.41 | 106694 | 0.18 | 0.25 | 1.25 | 9.87 | 10.91 |
| 2024 | 5296 | 16.71 | 22.91 | 97890 |  | 0.25 | 1.25 | 17.02 | 18.28 |
| 2023 | 5481 | 14.28 | 19.37 | 87470 |  | 0.25 | 1.45 | 3.70 | 4.70 |
| 2022 | 5458 | 13.77 | 18.50 | 83984 |  | 0.25 | 1.45 | (38.64) | (38.00) |
| 2021 | 5319 | 22.44 | 29.84 | 132822 |  | 0.25 | 1.45 | (6.97) | (5.87) |
|  Lord Abbett Series Growth and Income VC |  |  |  |  |  |  |  |  |  |
| 2025 | 6801 | 19.20 | 19.20 | 130576 | 0.58 | 1.25 | 1.25 | 12.41 | 12.41 |
| 2024 | 6629 | 17.08 | 17.08 | 113222 | 0.01 | 1.25 | 1.25 | 15.56 | 15.56 |
| 2023 | 6469 | 14.78 | 14.78 | 95596 | 0.01 | 1.25 | 1.45 | 8.52 | 8.52 |
| 2022 | 6313 | 13.62 | 13.62 | 85998 | 0.01 | 1.45 | 1.45 | (13.25) | (13.25) |
| 2021 | 6161 | 15.70 | 15.70 | 96686 | 0.01 | 1.45 | 1.45 | 23.43 | 23.43 |
|  Lord Abbett Series Growth Opportunities VC |  |  |  |  |  |  |  |  |  |
| 2025 | 1032 | 19.27 | 23.12 | 22118 |  | 0.25 | 1.25 | 8.26 | 9.31 |
| 2024 |  | 21.15 | 21.15 |  |  | 0.25 | 0.25 | 26.42 | 26.42 |
| 2023 | 809 | 16.73 | 16.73 | 13544 |  | 0.25 | 0.25 | 7.17 | 7.17 |
| 2022 | 2404 | 15.61 | 15.61 | 37534 |  | 0.25 | 0.25 | (34.69) | (34.69) |
| 2021 | 2358 | 23.90 | 23.90 | 56358 |  | 0.25 | 0.25 | 3.06 | 3.06 |
|  LVIP American Century Disciplined Core Value |  |  |  |  |  |  |  |  |  |
| 2025 | 3452 | 25.23 | 25.23 | 87168 | 1.46 | 0.25 | 0.25 | 10.90 | 10.90 |
| 2024 | 3527 | 16.18 | 22.75 | 80224 | 0.01 | 0.25 | 1.25 | 8.16 | 9.27 |
| 2023 | 10347 | 14.96 | 20.82 | 191297 | 0.01 | 0.25 | 1.45 | 3.74 | 4.78 |
| 2022 | 10273 | 14.42 | 19.87 | 181278 | 0.01 | 0.25 | 1.45 | (16.45) | (15.63) |
| 2021 | 10153 | 17.26 | 23.55 | 212955 | 0.01 | 0.25 | 1.45 | 17.98 | 19.42 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  LVIP American Century Inflation Protection |  |  |  |  |  |  |  |  |  |
| 2025 | 6076 | 7.81 | 7.81 | 47423 | 7.38 | 0.25 | 0.25 | 3.03 | 3.03 |
| 2024 | 6048 | 7.58 | 7.58 | 45864 | 0.04 | 0.25 | 0.25 | (1.69) | (1.69) |
| 2023 | 6020 | 7.71 | 7.71 | 46445 | 0.03 | 0.25 | 0.25 |  |  |
| 2022 | 6011 | 7.71 | 7.71 | 46335 | 0.05 | 0.25 | 0.25 | (15.83) | (15.83) |
| 2021 | 6002 | 9.16 | 9.16 | 54985 | 0.03 | 0.25 | 0.25 | 2.81 | 2.81 |
|  LVIP American Century International |  |  |  |  |  |  |  |  |  |
| 2025 | 3064 | 11.25 | 11.25 | 34486 | 1.13 | 1.25 | 1.25 | 10.95 | 10.95 |
| 2024 | 2977 | 10.14 | 10.14 | 30183 | 0.01 | 1.25 | 1.25 | (1.84) | (1.84) |
| 2023 | 5031 | 10.33 | 10.33 | 51958 | 0.01 | 1.25 | 1.45 | 7.83 | 7.83 |
| 2022 | 4892 | 9.58 | 9.58 | 46892 | 0.01 | 1.45 | 1.45 | (28.02) | (28.02) |
| 2021 | 4758 | 13.31 | 13.31 | 63319 | 0.00 | 1.45 | 1.45 | 3.90 | 3.90 |
|  LVIP American Century Mid Cap Value (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 23486 | 16.78 | 23.30 | 542491 | 2.96 | 0.25 | 1.25 | 4.29 | 5.33 |
| 2024 | 2371 | 16.09 | 22.12 | 46952 | 0.02 | 0.25 | 1.25 | 4.01 | 5.03 |
| 2023 | 2509 | 15.47 | 21.06 | 47700 | 0.02 | 0.25 | 1.45 | 1.58 | 2.68 |
| 2022 | 3203 | 15.23 | 20.51 | 60615 | 0.02 | 0.25 | 1.45 | (5.46) | (4.56) |
| 2021 | 3179 | 16.11 | 21.49 | 62921 | 0.01 | 0.25 | 1.45 | 17.68 | 19.12 |
|  LVIP American Century Value |  |  |  |  |  |  |  |  |  |
| 2025 | 3554 | 17.62 | 24.75 | 74254 | 1.50 | 0.25 | 1.25 | 11.03 | 12.19 |
| 2024 | 3455 | 15.87 | 22.06 | 64679 | 0.03 | 0.25 | 1.25 | 4.75 | 5.75 |
| 2023 | 3360 | 15.15 | 20.86 | 59724 | 0.02 | 0.25 | 1.45 | 4.48 | 5.57 |
| 2022 | 3268 | 14.50 | 19.76 | 55287 | 0.02 | 0.25 | 1.45 | (3.91) | (2.90) |
| 2021 | 3178 | 15.09 | 20.35 | 55621 | 0.02 | 0.25 | 1.45 | 18.91 | 20.34 |
|  LVIP JPMorgan Core Bond Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 2461 | 7.34 | 7.34 | 18102 | 2.72 | 1.25 | 1.25 | 2.66 | 2.66 |
| 2024 | 3951 | 7.15 | 7.15 | 28248 | 0.04 | 1.25 | 1.25 | (2.72) | (2.72) |
| 2023 | 4140 | 7.35 | 7.96 | 30491 | 0.05 | 0.25 | 1.45 | 1.24 | 2.31 |
| 2022 | 12665 | 7.26 | 7.78 | 96347 | 0.02 | 0.25 | 1.45 | (16.46) | (15.53) |
| 2021 | 12929 | 8.69 | 9.21 | 116768 | 0.02 | 0.25 | 1.45 | (5.95) | (4.76) |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  LVIP JPMorgan Small Cap Core Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 3704 | 15.51 | 15.51 | 57470 | 0.42 | 1.25 | 1.25 | 5.44 | 5.44 |
| 2024 | 3788 | 14.71 | 14.71 | 55941 | 0.01 | 1.25 | 1.25 | 6.75 | 6.75 |
| 2023 | 3750 | 13.78 | 13.78 | 51665 | 0.01 | 1.25 | 1.45 | 8.16 | 8.16 |
| 2022 | 3714 | 12.74 | 12.74 | 47497 | 0.00 | 1.45 | 1.45 | (22.93) | (22.93) |
| 2021 | 3661 | 16.53 | 16.53 | 60536 | 0.00 | 1.45 | 1.45 | 15.84 | 15.84 |
|  LVIP JPMorgan US Equity Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 769 | 28.97 | 28.97 | 22285 | 0.27 | 1.25 | 1.25 | 9.49 | 9.49 |
| 2024 | 748 | 26.46 | 26.46 | 19791 |  | 1.25 | 1.25 | 18.50 | 18.50 |
| 2023 | 455 | 22.33 | 22.33 | 10151 | 0.01 | 1.25 | 1.45 | 21.56 | 21.56 |
| 2022 | 442 | 18.37 | 18.37 | 8119 | 0.00 | 1.45 | 1.45 | (22.23) | (22.23) |
| 2021 |  | 23.62 | 29.28 |  |  | 0.25 | 1.45 | 23.41 | 24.91 |
|  MFS<sup>®</sup> VIT Global Tactical Allocation |  |  |  |  |  |  |  |  |  |
| 2025 |  | 10.06 | 11.35 |  |  | 0.25 | 1.25 | 10.43 | 11.60 |
| 2024 |  | 9.11 | 9.11 |  |  | 1.25 | 1.25 | 0.33 | 0.33 |
| 2023 | 8232 | 9.08 | 9.08 | 74774 | 0.00 | 1.25 | 1.45 | 4.73 | 4.73 |
| 2022 | 7937 | 8.67 | 8.67 | 68798 | 0.01 | 1.45 | 1.45 | (11.26) | (11.26) |
| 2021 | 4321 | 9.77 | 9.77 | 42215 | 0.01 | 1.45 | 1.45 | (1.91) | (1.91) |
|  MFS<sup>®</sup> VIT II Research International |  |  |  |  |  |  |  |  |  |
| 2025 | 5705 | 11.60 | 11.60 | 66301 | 1.31 | 1.25 | 1.25 | 16.70 | 16.70 |
| 2024 | 5548 | 9.94 | 9.94 | 55252 | 0.01 | 1.25 | 1.25 | (1.58) | (1.58) |
| 2023 | 6023 | 10.10 | 10.10 | 60862 | 0.01 | 1.25 | 1.45 | 8.14 | 8.14 |
| 2022 | 5857 | 9.34 | 9.34 | 54732 | 0.01 | 1.45 | 1.45 | (21.18) | (21.18) |
| 2021 | 11111 | 11.85 | 11.85 | 131716 | 0.01 | 1.45 | 1.45 | 6.37 | 6.37 |
|  MFS<sup>®</sup> VIT International Intrinsic Value |  |  |  |  |  |  |  |  |  |
| 2025 | 11016 | 15.86 | 17.89 | 182626 | 1.37 | 0.25 | 1.25 | 27.39 | 28.71 |
| 2024 | 11191 | 12.45 | 13.90 | 144770 | 0.01 | 0.25 | 1.25 | 2.55 | 3.58 |
| 2023 | 11067 | 12.14 | 13.42 | 139081 | 0.01 | 0.25 | 1.45 | 12.41 | 13.54 |
| 2022 | 15323 | 10.80 | 11.82 | 173475 | 0.00 | 0.25 | 1.45 | (26.88) | (26.17) |
| 2021 | 21751 | 14.77 | 16.01 | 338913 | 0.00 | 0.25 | 1.45 | 5.42 | 6.80 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  MFS<sup>®</sup> VIT New Discovery |  |  |  |  |  |  |  |  |  |
| 2025 | 3306 | 16.18 | 20.46 | 62575 |  | 0.25 | 1.25 | 7.87 | 8.95 |
| 2024 | 18871 | 15.00 | 18.78 | 350061 |  | 0.25 | 1.25 | 1.97 | 3.07 |
| 2023 | 17932 | 14.71 | 18.22 | 322925 |  | 0.25 | 1.45 | 9.53 | 10.56 |
| 2022 | 3959 | 13.43 | 16.48 | 61983 |  | 0.25 | 1.45 | (32.92) | (32.21) |
| 2021 | 3569 | 20.02 | 24.31 | 82284 |  | 0.25 | 1.45 | (2.82) | (1.66) |
|  MFS<sup>®</sup> VIT Research |  |  |  |  |  |  |  |  |  |
| 2025 | 2445 | 23.18 | 23.18 | 56690 | 0.15 | 1.25 | 1.25 | 7.86 | 7.86 |
| 2024 | 2540 | 21.49 | 21.49 | 54602 |  | 1.25 | 1.25 | 13.58 | 13.58 |
| 2023 | 2644 | 18.92 | 18.92 | 50029 | 0.00 | 1.25 | 1.45 | 17.08 | 17.08 |
| 2022 | 2930 | 16.16 | 16.16 | 47375 | 0.00 | 1.45 | 1.45 | (20.86) | (20.86) |
| 2021 | 3055 | 20.42 | 20.42 | 62393 | 0.00 | 1.45 | 1.45 | 19.07 | 19.07 |
|  MFS<sup>®</sup> VIT Total Return |  |  |  |  |  |  |  |  |  |
| 2025 | 2542 | 13.49 | 13.49 | 34306 | 2.37 | 1.25 | 1.25 | 6.30 | 6.30 |
| 2024 | 2907 | 12.69 | 12.69 | 36905 | 0.02 | 1.25 | 1.25 | 3.00 | 3.00 |
| 2023 | 2863 | 12.32 | 12.32 | 35289 | 0.02 | 1.25 | 1.45 | 5.57 | 5.57 |
| 2022 | 3058 | 11.67 | 11.67 | 35690 | 0.01 | 1.45 | 1.45 | (13.56) | (13.56) |
| 2021 | 3109 | 13.50 | 13.50 | 41980 | 0.02 | 1.45 | 1.45 | 8.87 | 8.87 |
|  MFS<sup>®</sup> VIT Total Return Bond |  |  |  |  |  |  |  |  |  |
| 2025 |  | 8.97 | 8.97 |  |  | 0.25 | 0.25 | 3.46 | 3.46 |
| 2024 |  | 7.57 | 8.67 |  |  | 0.25 | 1.25 | (1.94) | (0.91) |
| 2023 |  | 7.72 | 8.92 |  |  | 0.25 | 1.25 | 2.66 | 3.72 |
| 2022 |  | 7.52 | 8.60 |  |  | 0.25 | 1.45 | (17.72) | (16.91) |
| 2021 |  | 9.14 | 10.16 |  |  | 0.25 | 1.45 | (5.38) | (4.24) |
|  MFS<sup>®</sup> VIT Utilities |  |  |  |  |  |  |  |  |  |
| 2025 | 2284 | 14.20 | 14.20 | 32419 | 2.76 | 1.25 | 1.25 | 9.99 | 9.99 |
| 2024 | 2208 | 12.91 | 17.04 | 28500 | 0.02 | 0.25 | 1.25 | 6.69 | 7.85 |
| 2023 | 2649 | 12.10 | 15.80 | 33418 | 0.04 | 0.25 | 1.45 | (6.42) | (5.50) |
| 2022 | 2542 | 12.93 | 16.72 | 34221 | 0.02 | 0.25 | 1.45 | (3.72) | (2.68) |
| 2021 | 2092 | 13.43 | 17.18 | 28074 | 0.00 | 0.25 | 1.45 | 8.92 | 10.13 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Morningstar Aggressive Growth ETF Asset Allocation Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 |  | 16.92 | 16.92 |  |  | 1.25 | 1.25 | 15.02 | 15.02 |
| 2024 | 1856 | 14.71 | 14.71 | 27314 | 0.01 | 1.25 | 1.25 | 9.78 | 9.78 |
| 2023 | 1809 | 13.40 | 13.40 | 24250 | 0.01 | 1.25 | 1.45 | 12.04 | 12.04 |
| 2022 | 2379 | 11.96 | 11.96 | 28460 | 0.01 | 1.45 | 1.45 | (16.77) | (16.77) |
| 2021 | 2320 | 14.37 | 14.37 | 33348 | 0.01 | 1.45 | 1.45 | 13.15 | 13.15 |
|  Morningstar Balanced ETF Asset Allocation Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 | 63010 | 12.52 | 14.46 | 795886 | 1.92 | 0.25 | 1.25 | 10.02 | 11.06 |
| 2024 | 88924 | 11.38 | 13.02 | 1013806 | 0.02 | 0.25 | 1.25 | 5.57 | 6.72 |
| 2023 | 90523 | 10.78 | 12.20 | 976981 | 0.02 | 0.25 | 1.45 | 8.12 | 9.22 |
| 2022 | 123318 | 9.97 | 11.17 | 1232258 | 0.02 | 0.25 | 1.45 | (16.50) | (15.70) |
| 2021 | 123775 | 11.94 | 13.25 | 1480767 | 0.01 | 0.25 | 1.45 | 6.04 | 7.29 |
|  Morningstar Conservative ETF Asset Allocation Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 | 89421 | 8.42 | 8.42 | 752161 | 2.62 | 1.25 | 1.25 | 4.34 | 4.34 |
| 2024 | 93201 | 8.07 | 8.07 | 752393 | 0.02 | 1.25 | 1.25 | 0.88 | 0.88 |
| 2023 | 96748 | 8.00 | 8.00 | 774087 | 0.02 | 1.25 | 1.45 | 3.36 | 3.36 |
| 2022 | 124542 | 7.74 | 7.74 | 964125 | 0.01 | 1.45 | 1.45 | (15.50) | (15.50) |
| 2021 | 125327 | 9.16 | 9.16 | 1148136 | 0.01 | 1.45 | 1.45 | (2.14) | (2.14) |
|  Morningstar Growth ETF Asset Allocation Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 | 13866 | 15.00 | 15.00 | 207700 | 1.19 | 1.25 | 1.25 | 13.04 | 13.04 |
| 2024 | 20504 | 13.27 | 13.27 | 271901 | 0.01 | 1.25 | 1.25 | 7.97 | 7.97 |
| 2023 | 22149 | 12.29 | 12.29 | 272071 | 0.01 | 1.25 | 1.45 | 10.42 | 10.42 |
| 2022 | 40937 | 11.13 | 11.13 | 455356 | 0.01 | 1.45 | 1.45 | (16.82) | (16.82) |
| 2021 | 41793 | 13.38 | 13.38 | 559097 | 0.01 | 1.45 | 1.45 | 9.85 | 9.85 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Morningstar Income and Growth ETF Asset Allocation Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 | 4206 | 10.35 | 11.96 | 46850 | 2.02 | 0.25 | 1.25 | 7.03 | 8.14 |
| 2024 | 5350 | 9.67 | 11.06 | 54524 | 0.02 | 0.25 | 1.25 | 3.42 | 4.54 |
| 2023 | 5280 | 9.35 | 10.58 | 51754 | 0.02 | 0.25 | 1.45 | 6.01 | 6.98 |
| 2022 | 6664 | 8.82 | 8.82 | 58785 | 0.02 | 1.45 | 1.45 | (16.16) | (16.16) |
| 2021 | 6597 | 10.52 | 10.52 | 69429 | 0.01 | 1.45 | 1.45 | 1.84 | 1.84 |
|  NAA All Cap Value Series |  |  |  |  |  |  |  |  |  |
| 2025 | 7053 | 17.46 | 32.91 | 142509 | 1.48 | 1.10 | 1.25 | 8.18 | 8.33 |
| 2024 | 6886 | 16.14 | 30.38 | 128942 | 0.02 | 1.10 | 1.25 | 5.63 | 5.82 |
| 2023 | 6728 | 15.28 | 28.71 | 119226 | 0.02 | 1.10 | 1.45 | 4.02 | 4.13 |
| 2022 | 6597 | 14.69 | 27.57 | 112789 | 0.01 | 1.10 | 1.45 | (5.29) | (5.13) |
| 2021 | 6537 | 15.51 | 29.06 | 118918 | 0.04 | 1.10 | 1.45 | 21.46 | 21.90 |
|  NAA Large Cap Value Series |  |  |  |  |  |  |  |  |  |
| 2025 | 6657 | 32.15 | 32.15 | 214027 | 1.37 | 1.10 | 1.10 | 9.54 | 9.54 |
| 2024 | 7307 | 29.35 | 29.35 | 214448 | 0.02 | 1.10 | 1.10 | 8.91 | 8.91 |
| 2023 | 7509 | 26.95 | 26.95 | 202387 | 0.02 | 1.10 | 1.10 | 4.86 | 4.86 |
| 2022 | 14934 | 25.70 | 25.70 | 383721 | 0.01 | 1.10 | 1.10 | (5.27) | (5.27) |
| 2021 | 16164 | 27.13 | 27.13 | 438449 | 0.02 | 1.10 | 1.10 | 21.93 | 21.93 |
|  NAA Large Growth Series |  |  |  |  |  |  |  |  |  |
| 2025 | 2141 | 38.55 | 45.19 | 86841 | 2.45 | 0.25 | 1.25 | 12.13 | 13.26 |
| 2024 | 2090 | 34.38 | 39.90 | 75359 | 0.03 | 0.25 | 1.25 | 26.63 | 27.93 |
| 2023 | 2039 | 27.15 | 31.19 | 57901 | 0.01 | 0.25 | 1.45 | 34.14 | 35.49 |
| 2022 | 1991 | 20.24 | 23.02 | 42033 | 0.00 | 0.25 | 1.45 | (33.57) | (32.91) |
| 2021 | 1945 | 30.47 | 34.31 | 61589 | 0.01 | 0.25 | 1.45 | 22.22 | 23.68 |
|  NAA Mid Growth Series |  |  |  |  |  |  |  |  |  |
| 2025 | 654 | 41.82 | 41.82 | 27355 | 2.84 | 1.10 | 1.10 | (1.95) | (1.95) |
| 2024 | 635 | 42.65 | 42.65 | 27070 | 0.01 | 1.10 | 1.10 | 12.65 | 12.65 |
| 2023 | 3612 | 37.86 | 37.86 | 136912 | 0.01 | 1.10 | 1.10 | 21.35 | 21.35 |
| 2022 | 3185 | 31.20 | 31.20 | 99505 | 0.00 | 1.10 | 1.10 | (30.68) | (30.68) |
| 2021 | 721 | 45.01 | 45.01 | 32611 | 0.00 | 1.10 | 1.10 | 9.12 | 9.12 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  NAA Small Cap Value Series |  |  |  |  |  |  |  |  |  |
| 2025 | 1147 | 20.50 | 35.78 | 31885 | 0.99 | 0.25 | 1.10 | (0.86) | (0.05) |
| 2024 | 1178 | 20.51 | 36.09 | 33320 | 0.01 | 0.25 | 1.10 | 4.13 | 5.07 |
| 2023 | 1207 | 19.52 | 34.66 | 33052 | 0.01 | 0.25 | 1.10 | 5.86 | 6.76 |
| 2022 | 2496 | 18.29 | 32.74 | 61729 | 0.01 | 0.25 | 1.10 | (7.59) | (6.78) |
| 2021 | 2073 | 20.16 | 35.43 | 52074 | 0.01 | 0.25 | 1.10 | 21.13 | 22.18 |
|  NAA Smid-Cap Value Series |  |  |  |  |  |  |  |  |  |
| 2025 | 1461 | 32.86 | 37.16 | 49492 | 1.11 | 0.25 | 1.10 | 3.04 | 3.91 |
| 2024 | 1442 | 31.89 | 35.76 | 47319 | 0.01 | 0.25 | 1.10 | 4.66 | 5.58 |
| 2023 | 1424 | 30.47 | 33.87 | 44553 | 0.02 | 0.25 | 1.10 | 5.32 | 6.21 |
| 2022 | 1284 | 28.93 | 31.89 | 38136 | 0.01 | 0.25 | 1.10 | (5.80) | (4.98) |
| 2021 | 1108 | 30.71 | 33.56 | 34545 | 0.02 | 0.25 | 1.10 | 18.80 | 19.81 |
|  NAA World Equity Income Series |  |  |  |  |  |  |  |  |  |
| 2025 | 2708 | 19.53 | 19.53 | 52926 | 1.88 | 1.10 | 1.10 | 17.79 | 17.79 |
| 2024 | 3028 | 16.58 | 16.58 | 50196 | 0.03 | 1.10 | 1.10 | 8.08 | 8.08 |
| 2023 | 3344 | 15.34 | 15.34 | 51357 | 0.03 | 1.10 | 1.10 | 7.80 | 7.80 |
| 2022 | 3668 | 14.23 | 14.23 | 52233 | 0.02 | 1.10 | 1.10 | (12.75) | (12.75) |
| 2021 | 4032 | 16.31 | 16.31 | 65825 | 0.01 | 1.10 | 1.10 | 16.83 | 16.83 |
|  Neuberger Berman AMT Quality Equity Portfolio (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 19994 | 17.77 | 30.52 | 420831 |  | 0.25 | 1.45 | 8.75 | 10.10 |
| 2024 | 24573 | 16.34 | 27.72 | 483825 |  | 0.25 | 1.45 | 20.32 | 21.85 |
| 2023 | 19986 | 13.58 | 22.75 | 316916 | 0.00 | 0.25 | 1.45 | 21.36 | 22.84 |
| 2022 | 20468 | 11.19 | 18.52 | 264794 | 0.00 | 0.25 | 1.45 | (21.97) | (21.06) |
| 2021 | 20751 | 14.34 | 23.46 | 341520 | 0.00 | 0.25 | 1.45 | 18.12 | 19.51 |

---

(a) Name change. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Nomura VIP Asset Strategy Series (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 52223 | 12.32 | 12.32 | 643564 | 1.30 | 1.25 | 1.25 | 11.80 | 11.80 |
| 2024 | 50677 | 11.02 | 13.09 | 558609 | 0.02 | 0.25 | 1.25 | 7.72 | 8.90 |
| 2023 | 51196 | 10.23 | 12.02 | 527396 | 0.04 | 0.25 | 1.45 | 9.18 | 10.28 |
| 2022 | 3551 | 10.90 | 10.90 | 38706 | 0.02 | 0.25 | 0.25 | (17.49) | (17.49) |
| 2021 | 3494 | 13.21 | 13.21 | 46149 | 0.02 | 0.25 | 0.25 | 6.96 | 6.96 |
|  Nomura VIP Balanced Series (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 2346 | 15.17 | 15.17 | 35594 | 1.18 | 1.25 | 1.25 | 7.13 | 7.13 |
| 2024 | 2858 | 14.16 | 14.16 | 40468 | 0.01 | 1.25 | 1.25 | 10.71 | 10.71 |
| 2023 | 2779 | 12.79 | 16.21 | 35524 | 0.01 | 0.25 | 1.45 | 11.22 | 12.34 |
| 2022 | 4029 | 11.50 | 14.43 | 49212 | 0.01 | 0.25 | 1.45 | (19.52) | (18.75) |
| 2021 | 4048 | 14.29 | 17.76 | 61163 | 0.01 | 0.25 | 1.45 | 10.95 | 12.26 |
|  Nomura VIP Energy Series (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 1043 | 5.22 | 5.23 | 5443 | 0.96 | 0.25 | 1.25 | 7.17 | 8.30 |
| 2024 | 1014 | 4.82 | 4.88 | 4936 | 0.01 | 0.25 | 1.25 | (9.46) | (8.71) |
| 2023 | 6737 | 5.28 | 5.39 | 35696 | 0.03 | 0.25 | 1.45 | (0.37) | 0.76 |
| 2022 | 6525 | 5.24 | 5.41 | 34401 | 0.05 | 0.25 | 1.45 | 44.27 | 45.56 |
| 2021 | 1154 | 3.75 | 3.75 | 4322 | 0.02 | 1.45 | 1.45 | 35.87 | 35.87 |
|  Nomura VIP Global Growth Series (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 2278 | 18.83 | 21.97 | 50108 | 0.32 | 0.25 | 1.25 | 13.03 | 14.13 |
| 2024 | 9475 | 16.66 | 19.25 | 163953 | 0.01 | 0.25 | 1.25 | 12.19 | 13.37 |
| 2023 | 9342 | 14.85 | 16.98 | 143993 | 0.00 | 0.25 | 1.45 | 14.94 | 16.14 |
| 2022 | 9182 | 12.92 | 14.62 | 122796 | 0.01 | 0.25 | 1.45 | (20.93) | (20.20) |
| 2021 | 8927 | 16.34 | 18.32 | 150641 | 0.00 | 0.25 | 1.45 | 12.69 | 14.14 |
|  Nomura VIP Growth Series (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 601 | 45.26 | 46.11 | 27220 |  | 0.25 | 0.25 | 4.94 | 4.94 |
| 2024 | 1299 | 43.13 | 43.94 | 56653 |  | 0.25 | 0.25 | 19.92 | 19.94 |
| 2023 | 1277 | 35.96 | 36.64 | 46403 |  | 0.25 | 0.25 | 33.53 | 33.53 |
| 2022 | 594 | 26.93 | 26.93 | 16032 |  | 0.25 | 0.25 | (29.50) | (29.50) |
| 2021 | 355 | 38.20 | 38.20 | 13575 |  | 0.25 | 0.25 | 25.86 | 25.86 |

---

(a) Name change. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Nomura VIP High Income Series (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 1625 | 13.12 | 13.12 | 21370 | 6.69 | 0.25 | 0.25 | 3.72 | 3.72 |
| 2024 | 1766 | 9.67 | 12.65 | 22336 | 0.04 | 0.25 | 1.25 | 1.68 | 2.85 |
| 2023 | 4575 | 9.51 | 12.30 | 48874 | 0.07 | 0.25 | 1.45 | 7.09 | 8.18 |
| 2022 | 5206 | 8.88 | 11.37 | 52910 | 0.06 | 0.25 | 1.45 | (14.62) | (13.86) |
| 2021 | 5629 | 10.40 | 13.20 | 67607 | 0.06 | 0.25 | 1.45 | 1.46 | 2.72 |
|  Nomura VIP International Core Equity Series (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 3747 | 12.63 | 12.63 | 47348 | 0.41 | 1.25 | 1.25 | 18.93 | 18.93 |
| 2024 | 3661 | 10.62 | 10.62 | 38880 | 0.01 | 1.25 | 1.25 | (0.47) | (0.47) |
| 2023 | 3897 | 10.67 | 10.67 | 41612 | 0.02 | 1.25 | 1.45 | 10.80 | 10.80 |
| 2022 | 3754 | 9.63 | 9.63 | 36169 | 0.02 | 1.45 | 1.45 | (17.90) | (17.90) |
| 2021 | 3610 | 11.73 | 11.73 | 42353 | 0.01 | 1.45 | 1.45 | 9.22 | 9.22 |
|  Nomura VIP Limited+Term Bond Series (a) |  |  |  |  |  |  |  |  |  |
| 2025 |  | 7.29 | 8.09 |  |  | 0.25 | 1.25 | 0.28 | 1.38 |
| 2024 |  | 7.98 | 7.98 |  |  | 0.25 | 0.25 | 1.01 | 1.01 |
| 2023 | 61 | 7.90 | 7.90 | 483 | 0.03 | 0.25 | 0.25 | 1.54 | 1.54 |
| 2022 | 33463 | 7.78 | 7.78 | 260544 | 0.01 | 0.25 | 0.25 | (7.38) | (7.38) |
| 2021 | 31332 | 8.40 | 8.40 | 263350 | 0.02 | 0.25 | 0.25 | (3.67) | (3.67) |
|  Nomura VIP Mid Cap Growth Series (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 4489 | 18.08 | 22.86 | 91418 |  | 0.25 | 1.25 | (3.06) | (2.10) |
| 2024 | 23366 | 18.65 | 23.35 | 530857 |  | 0.25 | 1.25 | (2.10) | (1.06) |
| 2023 | 21979 | 19.05 | 23.60 | 505181 |  | 0.25 | 1.45 | 14.69 | 15.80 |
| 2022 | 6271 | 16.61 | 20.38 | 116369 |  | 0.25 | 1.45 | (33.67) | (32.98) |
| 2021 | 5717 | 25.04 | 30.41 | 157996 |  | 0.25 | 1.45 | 11.29 | 12.63 |

---

(a) Name change. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Nomura VIP Natural Resources Series (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 704 | 7.35 | 7.35 | 5187 |  | 1.25 | 1.25 | 31.96 | 31.96 |
| 2024 | 686 | 5.57 | 5.57 | 3832 | 0.06 | 1.25 | 1.25 | (4.62) | (4.62) |
| 2023 | 669 | 5.84 | 5.84 | 3923 | 0.02 | 1.25 | 1.45 | (2.67) | (2.67) |
| 2022 | 653 | 6.00 | 6.00 | 3931 | 0.02 | 1.45 | 1.45 | 12.78 | 12.78 |
| 2021 | 637 | 5.32 | 5.32 | 3397 | 0.02 | 1.45 | 1.45 | 21.18 | 21.18 |
|  Nomura VIP Science And Technology Series (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 3406 | 34.63 | 51.29 | 156907 |  | 0.25 | 1.25 | 27.79 | 29.10 |
| 2024 | 4117 | 27.10 | 39.73 | 138299 |  | 0.25 | 1.25 | 25.12 | 26.39 |
| 2023 | 2760 | 21.66 | 31.44 | 80713 |  | 0.25 | 1.45 | 33.29 | 34.65 |
| 2022 | 2702 | 16.25 | 22.92 | 58665 |  | 0.25 | 1.45 | (34.66) | (33.99) |
| 2021 | 2832 | 24.87 | 35.38 | 91668 |  | 0.25 | 1.45 | 10.14 | 11.47 |
|  Nomura VIP Small Cap Growth Series (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 5223 | 16.10 | 17.71 | 85818 |  | 0.25 | 1.25 | 8.64 | 9.80 |
| 2024 | 4092 | 14.82 | 14.82 | 60734 |  | 1.25 | 1.25 | 9.45 | 9.45 |
| 2023 | 4050 | 13.54 | 13.54 | 54908 |  | 1.25 | 1.45 | 8.41 | 8.41 |
| 2022 | 3921 | 12.49 | 12.49 | 49068 |  | 1.45 | 1.45 | (29.83) | (29.83) |
| 2021 | 3799 | 17.80 | 17.80 | 67717 | 0.01 | 1.45 | 1.45 | (0.50) | (0.50) |
|  Nomura VIP Smid Cap Core Series (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 220 | 16.43 | 16.43 | 3610 | 0.14 | 1.25 | 1.25 | 3.86 | 3.86 |
| 2024 | 214 | 15.82 | 19.62 | 3379 | 0.01 | 0.25 | 1.25 | 9.48 | 10.60 |
| 2023 | 1598 | 14.45 | 17.74 | 27683 | 0.00 | 0.25 | 1.45 | 10.81 | 11.99 |
| 2022 | 1609 | 13.04 | 15.84 | 24939 |  | 0.25 | 1.45 | (18.30) | (17.54) |
| 2021 | 1528 | 15.96 | 19.21 | 28730 |  | 0.25 | 1.45 | 15.48 | 16.92 |

---

(a) Name change. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  PIMCO VIT All Asset |  |  |  |  |  |  |  |  |  |
| 2025 | 2475 | 10.29 | 11.95 | 25460 | 5.81 | 0.25 | 1.25 | 9.35 | 10.55 |
| 2024 | 2909 | 9.41 | 10.81 | 27338 | 0.08 | 0.25 | 1.25 | (0.74) | 0.28 |
| 2023 | 5083 | 9.48 | 10.78 | 51138 | 0.03 | 0.25 | 1.45 | 3.61 | 4.56 |
| 2022 | 5869 | 9.15 | 10.31 | 57368 | 0.07 | 0.25 | 1.45 | (15.59) | (14.72) |
| 2021 | 5749 | 10.84 | 12.09 | 66186 | 0.11 | 0.25 | 1.45 | 10.95 | 12.36 |
|  PIMCO VIT CommodityRealReturn Strategy |  |  |  |  |  |  |  |  |  |
| 2025 | 28766 | 5.27 | 6.33 | 152632 | 2.74 | 0.25 | 1.25 | 13.85 | 14.81 |
| 2024 | 28491 | 4.59 | 5.56 | 131620 | 0.02 | 0.25 | 1.25 | (0.36) | 0.66 |
| 2023 | 39007 | 4.56 | 5.58 | 201530 | 0.19 | 0.25 | 1.45 | (11.85) | (10.94) |
| 2022 | 50589 | 5.12 | 6.33 | 286922 | 0.31 | 0.25 | 1.45 | 4.11 | 5.13 |
| 2021 | 28722 | 4.87 | 6.08 | 140854 | 0.04 | 0.25 | 1.45 | 27.46 | 28.84 |
|  PIMCO VIT Emerging Markets Bond |  |  |  |  |  |  |  |  |  |
| 2025 | 26444 | 9.36 | 11.19 | 292343 | 6.78 | 0.25 | 1.25 | 10.12 | 11.12 |
| 2024 | 25630 | 8.50 | 10.07 | 255329 | 0.06 | 0.25 | 1.25 | 2.91 | 4.03 |
| 2023 | 25738 | 8.26 | 9.68 | 244305 | 0.05 | 0.25 | 1.45 | 6.44 | 7.44 |
| 2022 | 19051 | 7.76 | 9.01 | 167121 | 0.04 | 0.25 | 1.45 | (19.33) | (18.46) |
| 2021 | 23321 | 9.62 | 11.05 | 252061 | 0.04 | 0.25 | 1.45 | (6.87) | (5.80) |
|  PIMCO VIT Global Bond Opportunities Portfolio (Unhedged) |  |  |  |  |  |  |  |  |  |
| 2025 | 593 | 10.05 | 10.05 | 5956 | 4.46 | 0.25 | 0.25 | 9.12 | 9.12 |
| 2024 | 577 | 6.60 | 9.21 | 5311 | 0.02 | 0.25 | 1.25 | (4.76) | (3.86) |
| 2023 | 3275 | 6.93 | 9.58 | 24155 | 0.02 | 0.25 | 1.45 | 0.87 | 1.81 |
| 2022 | 3184 | 6.87 | 9.41 | 23256 | 0.01 | 0.25 | 1.45 | (14.87) | (13.91) |
| 2021 | 3096 | 8.07 | 10.93 | 26482 | 0.05 | 0.25 | 1.45 | (8.40) | (7.37) |
|  PIMCO VIT High Yield |  |  |  |  |  |  |  |  |  |
| 2025 |  | 10.34 | 19.17 |  |  | 0.25 | 1.25 | 4.34 | 5.39 |
| 2024 |  | 18.19 | 18.19 |  | 0.03 | 0.25 | 0.25 | 3.35 | 3.35 |
| 2023 | 132 | 17.60 | 17.60 | 2330 | 0.05 | 0.25 | 0.25 | 8.51 | 8.51 |
| 2022 | 131 | 16.22 | 16.22 | 2116 | 0.05 | 0.25 | 0.25 | (13.26) | (13.26) |
| 2021 | 129 | 18.70 | 18.70 | 2405 | 0.04 | 0.25 | 0.25 | 0.21 | 0.21 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  PIMCO VIT International Bond Portfolio (Unhedged) |  |  |  |  |  |  |  |  |  |
| 2025 | 9573 | 5.97 | 6.49 | 60873 | 3.44 | 0.25 | 1.25 | 5.48 | 6.57 |
| 2024 | 9211 | 5.66 | 6.09 | 55055 | 0.03 | 0.25 | 1.25 | (7.67) | (6.60) |
| 2023 | 15999 | 6.13 | 6.52 | 103331 | 0.02 | 0.25 | 1.45 | 1.83 | 2.68 |
| 2022 | 13218 | 6.02 | 6.35 | 83071 | 0.01 | 0.25 | 1.45 | (22.52) | (21.60) |
| 2021 | 10529 | 7.77 | 8.10 | 84436 | 0.05 | 0.25 | 1.45 | (11.60) | (10.60) |
|  PIMCO VIT Low Duration Administrative |  |  |  |  |  |  |  |  |  |
| 2025 | 19792 | 7.11 | 7.11 | 140806 | 2.55 | 1.40 | 1.40 | 0.99 | 0.99 |
| 2024 | 112190 | 7.04 | 7.04 | 791519 | 0.04 | 1.40 | 1.40 |  |  |
| 2023 | 59336 | 7.04 | 7.04 | 418616 | 0.05 | 1.40 | 1.40 | 0.43 | 0.43 |
| 2022 | 30982 | 7.01 | 7.01 | 217169 | 0.01 | 1.40 | 1.40 | (9.78) | (9.78) |
| 2021 | 64496 | 7.77 | 7.77 | 502800 | 0.01 | 1.40 | 1.40 | (5.24) | (5.24) |
|  PIMCO VIT Low Duration Advisor |  |  |  |  |  |  |  |  |  |
| 2025 | 39637 | 6.98 | 7.65 | 283116 | 3.84 | 0.25 | 1.25 | 1.01 | 2.14 |
| 2024 | 40198 | 6.91 | 7.49 | 283355 | 0.04 | 0.25 | 1.25 |  | 0.94 |
| 2023 | 39680 | 6.91 | 7.42 | 279207 | 0.03 | 0.25 | 1.45 | 0.58 | 1.50 |
| 2022 | 41371 | 6.87 | 7.31 | 289246 | 0.02 | 0.25 | 1.45 | (9.84) | (8.85) |
| 2021 | 39202 | 7.62 | 8.02 | 302647 | 0.00 | 0.25 | 1.45 | (5.34) | (4.18) |
|  PIMCO VIT Real Return Administrative |  |  |  |  |  |  |  |  |  |
| 2025 | 27478 | 8.77 | 8.77 | 241122 | 3.35 | 1.40 | 1.40 | 3.18 | 3.18 |
| 2024 | 29329 | 8.50 | 8.50 | 250568 | 0.03 | 1.40 | 1.40 | (2.30) | (2.30) |
| 2023 | 27964 | 8.70 | 8.70 | 243403 | 0.03 | 1.40 | 1.40 | (0.80) | (0.80) |
| 2022 | 35741 | 8.77 | 8.77 | 313663 | 0.07 | 1.40 | 1.40 | (15.67) | (15.67) |
| 2021 | 35298 | 10.40 | 10.40 | 368333 | 0.05 | 1.40 | 1.40 | 0.97 | 0.97 |
|  PIMCO VIT Real Return Advisor |  |  |  |  |  |  |  |  |  |
| 2025 | 19427 | 7.71 | 8.88 | 164920 | 4.00 | 0.25 | 1.25 | 3.21 | 4.23 |
| 2024 | 19161 | 7.47 | 8.52 | 156408 | 0.04 | 0.25 | 1.25 | (2.23) | (1.16) |
| 2023 | 30968 | 7.64 | 8.62 | 260923 | 0.03 | 0.25 | 1.45 | (0.78) | 0.23 |
| 2022 | 19221 | 7.70 | 8.60 | 159795 | 0.07 | 0.25 | 1.45 | (15.66) | (14.85) |
| 2021 | 16693 | 9.13 | 10.10 | 162768 | 0.05 | 0.25 | 1.45 | 0.88 | 2.12 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  PIMCO VIT Short-Term |  |  |  |  |  |  |  |  |  |
| 2025 | 80960 | 7.67 | 8.58 | 671407 | 4.53 | 0.25 | 1.25 | 0.26 | 1.30 |
| 2024 | 77093 | 7.65 | 8.47 | 632640 | 0.05 | 0.25 | 1.25 | 1.46 | 2.54 |
| 2023 | 84758 | 7.54 | 8.26 | 681601 | 0.04 | 0.25 | 1.45 | 1.48 | 2.35 |
| 2022 | 66909 | 7.43 | 8.07 | 521940 | 0.02 | 0.25 | 1.45 | (4.50) | (3.47) |
| 2021 | 55596 | 7.78 | 8.36 | 451605 | 0.01 | 0.25 | 1.45 | (4.42) | (3.35) |
|  PIMCO VIT Total Return Administrative |  |  |  |  |  |  |  |  |  |
| 2025 | 34793 | 8.70 | 8.70 | 302786 | 4.03 | 1.40 | 1.40 | 4.19 | 4.19 |
| 2024 | 41579 | 8.35 | 8.35 | 348061 | 0.04 | 1.40 | 1.40 | (1.88) | (1.88) |
| 2023 | 42813 | 8.51 | 8.51 | 364407 | 0.04 | 1.40 | 1.40 | 1.43 | 1.43 |
| 2022 | 70379 | 8.39 | 8.39 | 593405 | 0.02 | 1.40 | 1.40 | (18.07) | (18.07) |
| 2021 | 172338 | 10.24 | 10.24 | 1766227 | 0.01 | 1.40 | 1.40 | (5.54) | (5.54) |
|  PIMCO VIT Total Return Advisor |  |  |  |  |  |  |  |  |  |
| 2025 | 59944 | 7.60 | 8.72 | 475797 | 4.02 | 0.25 | 1.25 | 4.25 | 5.31 |
| 2024 | 59155 | 7.29 | 8.28 | 449509 | 0.04 | 0.25 | 1.25 | (1.88) | (0.84) |
| 2023 | 65396 | 7.43 | 8.35 | 502675 | 0.03 | 0.25 | 1.45 | 1.36 | 2.45 |
| 2022 | 64465 | 7.33 | 8.15 | 487406 | 0.02 | 0.25 | 1.45 | (17.92) | (17.17) |
| 2021 | 60585 | 8.93 | 9.84 | 554283 | 0.02 | 0.25 | 1.45 | (5.60) | (4.56) |
|  Putnam VT Core Equity Fund |  |  |  |  |  |  |  |  |  |
| 2025 |  | 29.83 | 29.83 |  | 0.85 | 1.25 | 1.25 | 11.93 | 11.93 |
| 2024 | 3455 | 26.65 | 26.65 | 92072 |  | 1.25 | 1.25 | 21.63 | 21.63 |
| 2023 |  | 21.91 | 27.16 |  |  | 0.25 | 1.25 | 22.75 | 24.02 |
| 2022 |  | 17.85 | 21.90 |  |  | 0.25 | 1.45 | (19.23) | (18.44) |
| 2021 |  | 22.10 | 27.26 |  |  | 0.25 | 1.45 | 25.28 | 26.79 |
|  Putnam VT Large Cap Growth Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 12849 | 39.33 | 48.73 | 508876 |  | 0.25 | 1.25 | 9.55 | 10.65 |
| 2024 | 12128 | 35.90 | 44.04 | 435236 |  | 0.25 | 1.25 | 27.80 | 29.11 |
| 2023 | 12782 | 28.09 | 34.11 | 364775 |  | 0.25 | 1.45 | 38.51 | 39.91 |
| 2022 | 12698 | 20.28 | 24.38 | 262333 |  | 0.25 | 1.45 | (33.38) | (32.71) |
| 2021 | 12770 | 30.44 | 36.23 | 397582 |  | 0.25 | 1.45 | 17.30 | 18.71 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Putnam VT Large Cap Value |  |  |  |  |  |  |  |  |  |
| 2025 | 19173 | 24.07 | 30.34 | 497634 | 1.84 | 0.25 | 1.25 | 15.33 | 16.51 |
| 2024 | 34918 | 20.87 | 26.04 | 815406 | 0.01 | 0.25 | 1.25 | 14.17 | 15.32 |
| 2023 | 27941 | 18.28 | 22.58 | 582137 | 0.02 | 0.25 | 1.45 | 10.86 | 11.95 |
| 2022 | 26814 | 16.49 | 20.17 | 498611 | 0.01 | 0.25 | 1.45 | (7.15) | (6.19) |
| 2021 | 29504 | 17.76 | 21.50 | 572924 | 0.01 | 0.25 | 1.45 | 21.73 | 23.21 |
|  Putnam VT Small Cap Growth |  |  |  |  |  |  |  |  |  |
| 2025 | 15691 | 18.88 | 23.62 | 361104 | 0.07 | 0.25 | 1.25 | 4.25 | 5.31 |
| 2024 | 1964 | 18.11 | 18.11 | 35574 |  | 1.25 | 1.25 | 18.21 | 18.21 |
| 2023 | 1913 | 15.32 | 15.32 | 29325 |  | 1.25 | 1.45 | 18.03 | 18.03 |
| 2022 | 1864 | 12.98 | 12.98 | 24209 |  | 1.45 | 1.45 | (31.29) | (31.29) |
| 2021 | 1816 | 18.89 | 18.89 | 34323 |  | 1.45 | 1.45 | 8.94 | 8.94 |
|  Rydex VIF Banking |  |  |  |  |  |  |  |  |  |
| 2025 | 6913 | 7.69 | 14.74 | 90601 | 0.63 | 1.25 | 1.30 | 18.58 | 18.67 |
| 2024 | 6947 | 6.48 | 12.43 | 75793 | 0.03 | 1.25 | 1.30 | 17.82 | 17.93 |
| 2023 | 6876 | 5.50 | 10.54 | 63183 | 0.01 | 1.25 | 1.45 | (1.31) | (1.26) |
| 2022 | 6985 | 5.57 | 10.68 | 63966 | 0.01 | 1.30 | 1.45 | (20.54) | (20.42) |
| 2021 | 7576 | 7.01 | 13.42 | 88658 | 0.01 | 1.30 | 1.45 | 27.69 | 27.92 |
|  Rydex VIF Basic Materials |  |  |  |  |  |  |  |  |  |
| 2025 | 7558 | 15.59 | 19.36 | 137880 | 1.46 | 0.25 | 1.30 | 27.27 | 28.60 |
| 2024 | 6726 | 12.25 | 15.21 | 97811 | 0.01 | 0.25 | 1.30 | (6.57) | (5.59) |
| 2023 | 9307 | 13.10 | 16.28 | 143181 |  | 0.25 | 1.45 | 4.43 | 5.52 |
| 2022 | 8747 | 12.54 | 13.23 | 128362 | 0.01 | 0.25 | 1.45 | (13.46) | (12.56) |
| 2021 | 10116 | 14.49 | 15.13 | 167338 | 0.01 | 0.25 | 1.45 | 17.61 | 19.04 |
|  Rydex VIF Biotechnology |  |  |  |  |  |  |  |  |  |
| 2025 | 13318 | 15.58 | 34.06 | 252838 |  | 0.25 | 1.30 | 24.64 | 25.96 |
| 2024 | 13199 | 12.50 | 27.04 | 200857 |  | 0.25 | 1.30 | (5.54) | (4.55) |
| 2023 | 12602 | 13.23 | 28.33 | 198091 |  | 0.25 | 1.45 | 1.03 | 2.16 |
| 2022 | 11714 | 13.08 | 27.73 | 172626 |  | 0.25 | 1.45 | (16.90) | (16.07) |
| 2021 | 19558 | 15.74 | 33.04 | 335148 |  | 0.25 | 1.45 | (3.02) | (1.84) |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Rydex VIF Commodities Strategy |  |  |  |  |  |  |  |  |  |
| 2025 | 19832 | 1.75 | 3.93 | 50633 | 4.33 | 1.25 | 1.30 | 0.51 | 0.57 |
| 2024 | 16690 | 1.74 | 3.91 | 44467 | 0.04 | 1.25 | 1.30 | 3.57 | 3.71 |
| 2023 | 20663 | 1.68 | 3.77 | 49118 | 0.08 | 1.25 | 1.45 | (10.24) | (10.16) |
| 2022 | 40651 | 1.87 | 4.20 | 91524 | 0.06 | 1.30 | 1.45 | 17.61 | 17.98 |
| 2021 | 53403 | 1.59 | 3.56 | 97627 |  | 1.30 | 1.45 | 33.33 | 33.61 |
|  Rydex VIF Consumer Products |  |  |  |  |  |  |  |  |  |
| 2025 | 3665 | 10.56 | 17.91 | 44667 | 1.44 | 1.25 | 1.30 | (7.61) | (7.59) |
| 2024 | 4228 | 11.43 | 19.38 | 54888 | 0.02 | 0.25 | 1.30 |  | 1.10 |
| 2023 | 4342 | 11.42 | 19.38 | 57603 | 0.01 | 0.25 | 1.45 | (7.36) | (6.41) |
| 2022 | 4538 | 12.32 | 19.34 | 64984 | 0.01 | 0.25 | 1.45 | (5.01) | (4.07) |
| 2021 | 4408 | 12.97 | 20.16 | 65800 | 0.01 | 0.25 | 1.45 | 5.79 | 7.06 |
|  Rydex VIF Dow 2x Strategy (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 2676 | 39.69 | 46.82 | 106369 | 0.83 | 1.25 | 1.30 | 14.45 | 14.51 |
| 2024 | 2999 | 34.66 | 40.91 | 106603 | 0.01 | 1.25 | 1.30 | 15.56 | 15.61 |
| 2023 | 2998 | 29.98 | 35.40 | 92542 | 0.00 | 1.25 | 1.45 | 18.36 | 18.40 |
| 2022 | 2971 | 25.32 | 29.91 | 77669 |  | 1.30 | 1.45 | (23.80) | (23.76) |
| 2021 | 3782 | 33.21 | 39.25 | 134123 |  | 1.30 | 1.45 | 34.51 | 34.69 |
|  Rydex VIF Electronics |  |  |  |  |  |  |  |  |  |
| 2025 | 12287 | 23.23 | 23.23 | 285876 |  | 1.30 | 1.30 | 35.53 | 35.53 |
| 2024 | 12062 | 17.14 | 40.71 | 207098 |  | 0.25 | 1.30 | 11.15 | 12.40 |
| 2023 | 13617 | 15.42 | 36.22 | 213807 |  | 0.25 | 1.30 | 48.27 | 49.79 |
| 2022 | 15896 | 10.40 | 24.18 | 167840 |  | 0.25 | 1.30 | (35.52) | (34.82) |
| 2021 | 16309 | 16.13 | 37.10 | 280981 |  | 0.25 | 1.30 | 32.43 | 33.84 |
|  Rydex VIF Energy |  |  |  |  |  |  |  |  |  |
| 2025 | 18409 | 5.64 | 8.03 | 133737 | 1.90 | 0.25 | 1.30 | 2.95 | 4.04 |
| 2024 | 18363 | 5.47 | 7.80 | 129216 | 0.03 | 0.25 | 1.30 | (4.20) | (3.18) |
| 2023 | 16490 | 5.71 | 8.14 | 118406 | 0.04 | 0.25 | 1.45 | (2.63) | (1.57) |
| 2022 | 12746 | 5.86 | 8.36 | 94038 | 0.01 | 1.30 | 1.45 | 41.94 | 42.23 |
| 2021 | 12288 | 4.12 | 5.89 | 63976 | 0.01 | 1.30 | 1.45 | 44.06 | 44.36 |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Rydex VIF Energy Services |  |  |  |  |  |  |  |  |  |
| 2025 | 8674 | 1.86 | 1.86 | 16164 | 0.06 | 1.30 | 1.30 | (2.62) | (2.62) |
| 2024 | 8510 | 1.69 | 1.91 | 16278 |  | 1.25 | 1.30 | (11.98) | (11.98) |
| 2023 | 11950 | 1.92 | 2.17 | 24994 |  | 1.25 | 1.45 |  | 0.52 |
| 2022 | 11703 | 1.91 | 2.29 | 24486 |  | 0.25 | 1.45 | 36.43 | 37.95 |
| 2021 | 11789 | 1.40 | 1.66 | 18111 | 0.00 | 0.25 | 1.45 | 12.00 | 13.70 |
|  Rydex VIF Europe 1.25x Strategy (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 4 | 7.96 | 7.96 | 35 |  | 1.30 | 1.30 | 30.71 | 30.71 |
| 2024 | 4 | 6.09 | 6.09 | 26 | 0.08 | 1.30 | 1.30 | (7.02) | (7.02) |
| 2023 | 4 | 6.55 | 6.55 | 27 |  | 1.30 | 1.30 | 14.91 | 14.91 |
| 2022 | 4 | 5.70 | 5.70 | 23 |  | 1.30 | 1.30 | (16.67) | (16.67) |
| 2021 | 4 | 6.84 | 6.84 | 27 |  | 1.30 | 1.30 | 13.81 | 13.81 |
|  Rydex VIF Financial Services |  |  |  |  |  |  |  |  |  |
| 2025 | 2874 | 11.00 | 11.00 | 31569 | 0.36 | 1.30 | 1.30 | 6.18 | 6.18 |
| 2024 | 5785 | 10.36 | 10.36 | 59922 | 0.01 | 1.30 | 1.30 | 17.06 | 17.06 |
| 2023 | 5644 | 8.85 | 8.85 | 49918 |  | 1.30 | 1.30 | 9.12 | 9.12 |
| 2022 | 5506 | 8.11 | 8.11 | 44633 | 0.01 | 1.30 | 1.30 | (21.57) | (21.57) |
| 2021 | 2982 | 10.34 | 10.34 | 30796 | 0.00 | 1.30 | 1.30 | 29.57 | 29.57 |
|  Rydex VIF Government Long Bond 1.2x Strategy (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 1062 | 5.96 | 5.96 | 6354 | 3.33 | 1.30 | 1.30 | (2.61) | (2.61) |
| 2024 | 1120 | 6.12 | 6.12 | 6855 | 0.02 | 1.30 | 1.30 | (16.16) | (16.16) |
| 2023 | 2691 | 7.30 | 7.30 | 19682 | 0.02 | 1.30 | 1.30 | (5.19) | (5.19) |
| 2022 | 1234 | 7.70 | 7.70 | 9528 | 0.02 | 1.30 | 1.30 | (43.34) | (43.34) |
| 2021 | 963 | 13.59 | 13.59 | 13116 | 0.00 | 1.30 | 1.30 | (11.41) | (11.41) |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Rydex VIF Health Care |  |  |  |  |  |  |  |  |  |
| 2025 | 8449 | 17.33 | 25.16 | 156001 |  | 0.25 | 1.30 | 9.26 | 10.40 |
| 2024 | 8812 | 15.86 | 22.79 | 149066 |  | 0.25 | 1.30 | (4.08) | (3.06) |
| 2023 | 8786 | 16.52 | 23.51 | 155255 |  | 0.25 | 1.45 | 0.56 | 1.69 |
| 2022 | 9108 | 16.42 | 23.12 | 160120 |  | 0.25 | 1.45 | (15.67) | (14.81) |
| 2021 | 8932 | 19.47 | 27.14 | 186265 |  | 0.25 | 1.45 | 13.73 | 15.05 |
|  Rydex VIF Internet |  |  |  |  |  |  |  |  |  |
| 2025 | 9256 | 16.81 | 33.34 | 177388 |  | 0.25 | 1.30 | 13.50 | 14.69 |
| 2024 | 8785 | 14.81 | 29.07 | 144103 |  | 0.25 | 1.30 | 18.10 | 19.43 |
| 2023 | 10056 | 12.54 | 24.34 | 142795 |  | 0.25 | 1.45 | 41.22 | 42.67 |
| 2022 | 9917 | 12.80 | 17.06 | 99548 |  | 0.25 | 1.45 | (47.15) | (46.59) |
| 2021 | 11173 | 24.22 | 31.94 | 211502 |  | 0.25 | 1.45 | (8.81) | (7.71) |
|  Rydex VIF Inverse Government Long Bond Strategy |  |  |  |  |  |  |  |  |  |
| 2025 |  | 1.52 | 1.52 |  |  | 1.30 | 1.30 | (2.56) | (2.56) |
| 2024 |  | 2.35 | 2.35 |  | 0.05 | 0.25 | 0.25 | 13.53 | 13.53 |
| 2023 | 1802 | 1.39 | 2.07 | 3750 |  | 0.25 | 1.30 | (0.71) | 0.49 |
| 2022 | 5710 | 1.40 | 2.06 | 9156 |  | 0.25 | 1.30 | 40.00 | 42.07 |
| 2021 | 1751 | 1.00 | 1.45 | 2547 |  | 0.25 | 1.30 | (2.91) | (2.68) |
|  Rydex VIF Inverse Mid-Cap Strategy |  |  |  |  |  |  |  |  |  |
| 2025 |  | 0.29 | 0.53 |  |  | 0.25 | 1.30 | (9.38) | (7.02) |
| 2024 |  | 0.56 | 0.56 |  |  | 0.25 | 0.25 | (8.20) | (8.20) |
| 2023 | 22107 | 0.61 | 0.61 | 13495 | 0.01 | 0.25 | 0.25 | (12.86) | (12.86) |
| 2022 | 2565 | 0.70 | 0.70 | 1789 |  | 0.25 | 0.25 | 6.06 | 6.06 |
| 2021 |  | 0.39 | 1.91 |  |  | 0.25 | 1.45 | (27.78) | (25.27) |
|  Rydex VIF Inverse NASDAQ-100<sup>®</sup> Strategy |  |  |  |  |  |  |  |  |  |
| 2025 |  | 0.10 | 0.10 |  |  | 1.30 | 1.30 | (16.67) | (16.67) |
| 2024 |  | 0.22 | 0.22 |  |  | 0.25 | 0.25 | (18.52) | (18.52) |
| 2023 | 51585 | 0.27 | 0.27 | 13850 | 0.02 | 0.25 | 0.25 | (34.15) | (34.15) |
| 2022 | 4488 | 0.41 | 0.41 | 1843 |  | 0.25 | 0.25 | 32.26 | 32.26 |
| 2021 |  | 0.18 | 0.90 |  | 0.02 | 0.25 | 1.45 | (29.55) | (28.00) |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Rydex VIF Inverse Russell 2000<sup>®</sup> Strategy (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 1198 | 0.27 | 0.27 | 317 | 3.12 | 1.30 | 1.30 | (12.90) | (12.90) |
| 2024 | 1246 | 0.31 | 0.56 | 389 |  | 0.25 | 1.30 | (8.82) | (8.20) |
| 2023 | 22496 | 0.34 | 0.61 | 13394 |  | 0.25 | 1.30 | (15.00) | (14.08) |
| 2022 | 3867 | 0.40 | 0.71 | 2356 |  | 0.25 | 1.30 | 11.11 | 12.70 |
| 2021 | 1378 | 0.36 | 0.36 | 494 |  | 1.30 | 1.30 | (21.74) | (21.74) |
|  Rydex VIF Inverse S&P 500 Strategy (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 5023 | 0.51 | 0.51 | 2529 | 9.14 | 0.25 | 0.25 | (13.56) | (13.56) |
| 2024 | 4884 | 0.59 | 0.59 | 2878 | 0.12 | 0.25 | 0.25 | (16.90) | (16.90) |
| 2023 | 4750 | 0.36 | 0.71 | 3359 | 0.05 | 0.25 | 1.30 | (18.18) | (17.44) |
| 2022 | 35169 | 0.44 | 0.86 | 18295 |  | 0.25 | 1.30 | 10.00 | 13.16 |
| 2021 | 4489 | 0.76 | 0.76 | 3409 |  | 0.25 | 0.25 | (26.92) | (26.92) |
|  Rydex VIF Japan 2x Strategy (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 5271 | 13.13 | 14.50 | 76313 | 3.98 | 1.25 | 1.30 | 45.08 | 45.29 |
| 2024 | 5140 | 9.05 | 9.98 | 51232 | 0.04 | 1.25 | 1.30 | (3.21) | (3.20) |
| 2023 | 5013 | 9.35 | 10.31 | 51609 | 0.00 | 1.25 | 1.45 | 28.79 | 28.88 |
| 2022 | 4891 | 7.26 | 8.00 | 39069 |  | 1.30 | 1.45 | (45.37) | (45.36) |
| 2021 | 4775 | 13.29 | 14.64 | 69784 |  | 1.30 | 1.45 | (17.85) | (17.76) |
|  Rydex VIF Leisure |  |  |  |  |  |  |  |  |  |
| 2025 | 4235 | 14.25 | 14.37 | 60745 |  | 1.25 | 1.30 | 3.94 | 3.98 |
| 2024 | 4122 | 13.71 | 13.82 | 56868 |  | 1.25 | 1.30 | 11.55 | 11.63 |
| 2023 | 4012 | 12.29 | 12.38 | 49584 |  | 1.25 | 1.45 | 17.35 | 17.38 |
| 2022 | 3905 | 10.47 | 10.55 | 41115 |  | 1.30 | 1.45 | (30.62) | (30.55) |
| 2021 | 3801 | 15.09 | 15.19 | 57647 |  | 1.30 | 1.45 | (3.49) | (3.33) |
|  Rydex VIF Mid-Cap 1.5x Strategy (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 3472 | 20.16 | 34.56 | 73409 | 0.46 | 1.25 | 1.30 | 0.58 | 0.65 |
| 2024 | 3411 | 20.03 | 34.36 | 72112 | 0.01 | 1.25 | 1.30 | 10.41 | 10.42 |
| 2023 | 3336 | 18.14 | 31.12 | 64077 |  | 0.25 | 1.45 | 13.87 | 15.06 |
| 2022 | 3691 | 15.92 | 20.18 | 64085 |  | 0.25 | 1.45 | (26.40) | (25.62) |
| 2021 | 3595 | 21.63 | 27.13 | 84735 |  | 0.25 | 1.45 | 29.37 | 30.94 |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Rydex VIF Money Market |  |  |  |  |  |  |  |  |  |
| 2025 | 925455 | 4.44 | 6.54 | 4891224 | 2.88 | 0.25 | 1.30 | (1.55) | (0.48) |
| 2024 | 979887 | 4.51 | 6.64 | 5325747 | 0.04 | 0.25 | 1.30 | (0.45) | 0.64 |
| 2023 | 570272 | 4.53 | 6.67 | 3120786 | 0.04 | 0.25 | 1.45 | (0.66) | 0.32 |
| 2022 | 681651 | 6.21 | 6.71 | 3856461 | 0.01 | 0.25 | 1.45 | (3.45) | (2.51) |
| 2021 | 439193 | 6.37 | 6.95 | 2317979 |  | 0.25 | 1.45 | (4.40) | (3.19) |
|  Rydex VIF NASDAQ-100<sup>®</sup> |  |  |  |  |  |  |  |  |  |
| 2025 | 5499 | 43.26 | 63.74 | 288843 | 0.03 | 0.25 | 1.30 | 14.00 | 15.22 |
| 2024 | 5045 | 37.92 | 55.32 | 225236 |  | 0.25 | 1.30 | 18.65 | 19.92 |
| 2023 | 6390 | 31.95 | 46.13 | 243288 |  | 0.25 | 1.45 | 46.79 | 48.33 |
| 2022 | 6208 | 21.75 | 31.10 | 161966 |  | 0.25 | 1.45 | (36.87) | (36.22) |
| 2021 | 11856 | 34.45 | 48.76 | 464911 |  | 0.25 | 1.45 | 20.03 | 21.51 |
|  Rydex VIF NASDAQ-100<sup>®</sup> 2x Strategy (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 141 | 120.70 | 164.91 | 18772 |  | 1.25 | 1.30 | 23.77 | 23.82 |
| 2024 | 106 | 97.52 | 97.52 | 10380 |  | 1.30 | 1.30 | 35.86 | 35.86 |
| 2023 | 110 | 71.78 | 71.78 | 7909 |  | 1.30 | 1.30 | 107.10 | 107.10 |
| 2022 | 355 | 34.66 | 34.66 | 12290 |  | 1.30 | 1.30 | (62.66) | (62.66) |
| 2021 | 118 | 92.82 | 92.82 | 10981 |  | 1.30 | 1.30 | 46.96 | 46.96 |
|  Rydex VIF Nova (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 1172 | 34.00 | 40.29 | 45451 |  | 1.25 | 1.30 | 15.76 | 15.81 |
| 2024 | 1345 | 29.37 | 34.79 | 44184 |  | 1.25 | 1.30 | 27.14 | 27.20 |
| 2023 | 1375 | 23.10 | 27.35 | 35329 |  | 1.25 | 1.45 | 29.41 | 29.50 |
| 2022 | 1563 | 17.85 | 21.12 | 30580 | 0.00 | 1.30 | 1.45 | (33.20) | (33.16) |
| 2021 | 1639 | 26.72 | 31.60 | 47681 | 0.00 | 1.30 | 1.45 | 36.03 | 36.19 |
|  Rydex VIF Precious Metals |  |  |  |  |  |  |  |  |  |
| 2025 | 14256 | 21.50 | 22.94 | 312512 | 2.17 | 1.25 | 1.30 | 136.98 | 137.05 |
| 2024 | 13707 | 5.35 | 9.68 | 126831 | 0.02 | 0.25 | 1.30 | 3.53 | 4.70 |
| 2023 | 15018 | 5.11 | 9.35 | 134533 | 0.00 | 0.25 | 1.45 | (0.57) | 0.39 |
| 2022 | 15141 | 5.09 | 8.80 | 134986 | 0.00 | 0.25 | 1.45 | (14.73) | (13.87) |
| 2021 | 14483 | 10.32 | 11.04 | 153319 | 0.04 | 1.30 | 1.45 | (13.13) | (13.00) |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Rydex VIF Real Estate |  |  |  |  |  |  |  |  |  |
| 2025 | 4811 | 9.59 | 13.75 | 60019 | 1.67 | 1.25 | 1.30 | (1.44) | (1.43) |
| 2024 | 5907 | 9.73 | 13.95 | 76099 | 0.01 | 1.25 | 1.30 | 0.58 | 0.72 |
| 2023 | 5565 | 9.66 | 13.87 | 71373 | 0.01 | 1.25 | 1.45 | 5.69 | 5.72 |
| 2022 | 5768 | 9.14 | 13.12 | 70077 | 0.01 | 1.30 | 1.45 | (30.43) | (30.39) |
| 2021 | 5854 | 13.13 | 18.86 | 102900 | 0.01 | 1.30 | 1.45 | 28.22 | 28.39 |
|  Rydex VIF Retailing |  |  |  |  |  |  |  |  |  |
| 2025 | 1865 | 16.24 | 23.03 | 34891 |  | 0.25 | 1.30 | 5.52 | 6.62 |
| 2024 | 1801 | 15.39 | 21.60 | 31869 |  | 0.25 | 1.30 | 11.63 | 12.85 |
| 2023 | 3119 | 13.77 | 19.14 | 53472 |  | 0.25 | 1.45 | 11.67 | 12.85 |
| 2022 | 3233 | 12.33 | 16.96 | 49851 |  | 0.25 | 1.45 | (29.54) | (28.86) |
| 2021 | 3272 | 17.50 | 23.84 | 71695 |  | 0.25 | 1.45 | 6.84 | 8.17 |
|  Rydex VIF Russell 2000<sup>®</sup> 1.5x Strategy (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 11 | 20.54 | 20.54 | 219 | 0.59 | 1.30 | 1.30 | 7.71 | 7.71 |
| 2024 | 59 | 19.07 | 19.07 | 1129 |  | 1.30 | 1.30 | 6.30 | 6.30 |
| 2023 | 17 | 17.94 | 17.94 | 313 |  | 1.30 | 1.30 | 14.71 | 14.71 |
| 2022 | 21 | 15.64 | 15.64 | 328 |  | 1.30 | 1.30 | (36.24) | (36.24) |
| 2021 | 24 | 24.53 | 24.53 | 596 |  | 1.30 | 1.30 | 13.99 | 13.99 |
|  Rydex VIF Russell 2000<sup>®</sup> 2x Strategy (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 25 | 11.40 | 11.40 | 289 | 5.07 | 1.30 | 1.30 | 7.34 | 7.34 |
| 2024 | 25 | 10.62 | 10.62 | 263 |  | 1.30 | 1.30 | 4.94 | 4.94 |
| 2023 | 24 | 10.12 | 10.12 | 244 |  | 1.30 | 1.30 | 16.86 | 16.86 |
| 2022 | 24 | 8.66 | 8.66 | 204 |  | 1.30 | 1.30 | (45.36) | (45.36) |
| 2021 | 23 | 15.85 | 15.85 | 365 |  | 1.30 | 1.30 | 20.44 | 20.44 |
|  Rydex VIF S&P 500 2x Strategy (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 6050 | 47.23 | 59.29 | 357584 | 0.09 | 1.25 | 1.30 | 19.99 | 20.04 |
| 2024 | 5826 | 39.36 | 49.39 | 286725 | 0.01 | 1.25 | 1.30 | 36.24 | 36.29 |
| 2023 | 5688 | 28.89 | 36.24 | 205278 | 0.00 | 1.25 | 1.45 | 38.96 | 39.01 |
| 2022 | 5496 | 20.79 | 26.07 | 142915 |  | 1.30 | 1.45 | (42.28) | (42.25) |
| 2021 | 5396 | 36.02 | 45.14 | 242629 |  | 1.30 | 1.45 | 51.43 | 51.60 |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Rydex VIF S&P 500 Pure Growth |  |  |  |  |  |  |  |  |  |
| 2025 | 7869 | 20.09 | 24.61 | 180938 |  | 1.25 | 1.30 | 7.05 | 7.09 |
| 2024 | 7922 | 18.76 | 22.99 | 170359 |  | 1.25 | 1.30 | 21.32 | 21.42 |
| 2023 | 7915 | 15.45 | 18.95 | 139488 |  | 1.25 | 1.45 | 1.98 | 1.99 |
| 2022 | 7676 | 15.15 | 21.19 | 133090 |  | 0.25 | 1.45 | (31.29) | (30.62) |
| 2021 | 10582 | 22.05 | 30.54 | 265263 |  | 0.25 | 1.45 | 22.03 | 23.49 |
|  Rydex VIF S&P 500 Pure Value |  |  |  |  |  |  |  |  |  |
| 2025 | 34583 | 15.46 | 19.00 | 611040 | 1.23 | 0.25 | 1.30 | 11.18 | 12.32 |
| 2024 | 35828 | 13.90 | 17.09 | 568638 | 0.01 | 0.25 | 1.30 | 6.15 | 7.26 |
| 2023 | 36023 | 13.09 | 16.10 | 537910 | 0.01 | 0.25 | 1.45 | 1.83 | 2.89 |
| 2022 | 39792 | 12.85 | 14.86 | 585927 | 0.01 | 0.25 | 1.45 | (6.55) | (5.65) |
| 2021 | 44842 | 13.75 | 15.75 | 706320 | 0.01 | 0.25 | 1.45 | 26.49 | 28.15 |
|  Rydex VIF S&P MidCap 400 Pure Growth |  |  |  |  |  |  |  |  |  |
| 2025 | 3707 | 12.80 | 21.97 | 72528 |  | 0.25 | 1.30 | 2.65 | 3.78 |
| 2024 | 11493 | 12.47 | 21.17 | 171127 |  | 0.25 | 1.30 | 11.24 | 12.43 |
| 2023 | 11374 | 11.20 | 18.83 | 152500 |  | 0.25 | 1.45 | 9.86 | 11.03 |
| 2022 | 10976 | 10.19 | 16.96 | 133344 |  | 0.25 | 1.45 | (25.84) | (25.09) |
| 2021 | 11064 | 13.74 | 22.64 | 183320 |  | 0.25 | 1.45 | 7.34 | 8.64 |
|  Rydex VIF S&P MidCap 400 Pure Value |  |  |  |  |  |  |  |  |  |
| 2025 | 9480 | 16.51 | 21.84 | 182225 | 0.13 | 0.25 | 1.30 | 1.63 | 2.71 |
| 2024 | 10331 | 16.24 | 21.49 | 197521 |  | 0.25 | 1.30 |  | 1.11 |
| 2023 | 10381 | 16.23 | 21.49 | 197873 |  | 0.25 | 1.45 | 22.45 | 23.76 |
| 2022 | 10948 | 13.25 | 15.32 | 171694 | 0.01 | 0.25 | 1.45 | (9.12) | (8.26) |
| 2021 | 10852 | 14.58 | 16.70 | 186870 | 0.00 | 0.25 | 1.45 | 25.58 | 27.09 |
|  Rydex VIF S&P SmallCap 600 Pure Growth |  |  |  |  |  |  |  |  |  |
| 2025 | 905 | 17.44 | 17.44 | 15781 |  | 1.30 | 1.30 | 4.00 | 4.00 |
| 2024 | 887 | 12.10 | 16.77 | 14876 |  | 1.25 | 1.30 | 3.65 | 3.68 |
| 2023 | 2062 | 11.67 | 16.18 | 32749 | 0.00 | 1.25 | 1.45 | 12.52 | 12.64 |
| 2022 | 1981 | 10.36 | 14.00 | 28079 |  | 0.25 | 1.45 | (32.81) | (32.14) |
| 2021 | 1904 | 15.42 | 20.63 | 40384 |  | 0.25 | 1.45 | 13.97 | 15.38 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Rydex VIF S&P SmallCap 600 Pure Value |  |  |  |  |  |  |  |  |  |
| 2025 | 3349 | 14.93 | 14.93 | 50029 |  | 1.30 | 1.30 | 2.26 | 2.26 |
| 2024 | 3860 | 11.73 | 14.60 | 56380 |  | 1.25 | 1.30 | (0.68) | (0.59) |
| 2023 | 4305 | 11.80 | 14.70 | 61875 |  | 1.25 | 1.45 | 16.02 | 16.03 |
| 2022 | 4167 | 10.17 | 12.67 | 52062 |  | 1.30 | 1.45 | (12.07) | (12.02) |
| 2021 | 3814 | 11.56 | 12.59 | 54090 |  | 0.25 | 1.45 | 37.13 | 38.81 |
|  Rydex VIF Strengthening Dollar 2x Strategy (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 304 | 4.07 | 4.07 | 1236 | 2.79 | 1.30 | 1.30 | (17.78) | (17.78) |
| 2024 | 1061 | 4.95 | 4.95 | 5279 | 0.02 | 1.30 | 1.30 | 15.65 | 15.65 |
| 2023 | 3423 | 4.28 | 5.71 | 14640 | 0.00 | 0.25 | 1.30 | (2.95) | (2.06) |
| 2022 | 6537 | 4.41 | 5.83 | 30335 |  | 0.25 | 1.30 | 10.80 | 11.90 |
| 2021 | 596 | 3.98 | 3.98 | 2370 |  | 1.30 | 1.30 | 6.42 | 6.42 |
|  Rydex VIF Technology |  |  |  |  |  |  |  |  |  |
| 2025 | 58320 | 24.29 | 44.41 | 1964991 |  | 0.25 | 1.30 | 20.37 | 21.64 |
| 2024 | 57144 | 20.18 | 33.78 | 1590595 |  | 1.25 | 1.30 | 18.71 | 18.78 |
| 2023 | 155855 | 17.00 | 28.44 | 3301859 |  | 1.25 | 1.45 | 42.74 | 42.84 |
| 2022 | 163987 | 11.91 | 19.91 | 2383012 |  | 1.30 | 1.45 | (38.89) | (38.89) |
| 2021 | 55385 | 19.49 | 32.58 | 1244708 |  | 1.30 | 1.45 | 15.25 | 15.39 |
|  Rydex VIF Transportation |  |  |  |  |  |  |  |  |  |
| 2025 | 1076 | 15.42 | 18.51 | 16672 |  | 1.25 | 1.30 | 6.99 | 7.08 |
| 2024 | 1052 | 14.40 | 17.30 | 15250 |  | 1.25 | 1.30 | (2.70) | (2.64) |
| 2023 | 1946 | 14.79 | 17.78 | 31658 |  | 1.25 | 1.45 | 19.25 | 19.27 |
| 2022 | 1901 | 12.40 | 14.91 | 25926 |  | 1.30 | 1.45 | (37.75) | (37.72) |
| 2021 | 1861 | 19.91 | 23.95 | 40788 |  | 1.30 | 1.45 | 16.91 | 17.00 |
|  Rydex VIF Utilities |  |  |  |  |  |  |  |  |  |
| 2025 | 7893 | 11.18 | 17.91 | 101083 | 1.48 | 0.25 | 1.30 | 12.14 | 13.35 |
| 2024 | 7879 | 9.97 | 15.80 | 88562 | 0.01 | 0.25 | 1.30 | 14.86 | 16.01 |
| 2023 | 8052 | 8.68 | 13.62 | 78979 | 0.02 | 0.25 | 1.30 | (11.07) | (10.10) |
| 2022 | 9602 | 9.76 | 15.15 | 110627 | 0.01 | 0.25 | 1.30 | (3.17) | (2.13) |
| 2021 | 7840 | 10.08 | 15.48 | 93607 | 0.02 | 0.25 | 1.30 | 9.68 | 10.81 |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Rydex VIF Weakening Dollar 2x Strategy (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 45 | 2.37 | 2.37 | 108 | 4.93 | 1.30 | 1.30 | 13.94 | 13.94 |
| 2024 | 45 | 2.08 | 2.08 | 95 | 0.06 | 1.30 | 1.30 | (17.13) | (17.13) |
| 2023 | 45 | 2.51 | 2.51 | 114 | 0.10 | 1.30 | 1.30 | (1.18) | (1.18) |
| 2022 | 45 | 2.54 | 2.54 | 116 |  | 1.30 | 1.30 | (22.09) | (22.09) |
| 2021 |  | 3.26 | 3.26 |  |  | 1.30 | 1.30 | (17.47) | (17.47) |
| T. Rowe Price Blue Chip Growth |  |  |  |  |  |  |  |  |  |
| 2025 | 17990 | 34.23 | 47.99 | 703844 |  | 0.25 | 1.25 | 13.49 | 14.62 |
| 2024 | 31008 | 30.16 | 41.87 | 1085894 |  | 0.25 | 1.25 | 29.50 | 30.84 |
| 2023 | 27250 | 23.29 | 32.00 | 758277 |  | 0.25 | 1.45 | 42.80 | 44.21 |
| 2022 | 32316 | 16.31 | 22.19 | 637897 |  | 0.25 | 1.45 | (41.20) | (40.60) |
| 2021 | 86290 | 27.74 | 37.36 | 2653543 |  | 0.25 | 1.45 | 12.22 | 13.56 |
| T. Rowe Price Equity Income |  |  |  |  |  |  |  |  |  |
| 2025 | 6213 | 16.57 | 22.56 | 123799 | 1.70 | 0.25 | 1.25 | 9.30 | 10.43 |
| 2024 | 5114 | 15.16 | 20.43 | 86373 | 0.01 | 0.25 | 1.25 | 6.76 | 7.87 |
| 2023 | 11343 | 14.20 | 18.94 | 169034 | 0.02 | 0.25 | 1.45 | 4.72 | 5.81 |
| 2022 | 35440 | 13.56 | 17.90 | 592138 | 0.02 | 0.25 | 1.45 | (7.57) | (6.67) |
| 2021 | 31741 | 14.67 | 19.18 | 592444 | 0.01 | 0.25 | 1.45 | 19.76 | 21.24 |
| T. Rowe Price Health Sciences |  |  |  |  |  |  |  |  |  |
| 2025 | 9817 | 22.83 | 39.68 | 248389 |  | 0.25 | 1.25 | 12.91 | 14.02 |
| 2024 | 11539 | 20.22 | 34.80 | 278704 |  | 0.25 | 1.25 | (2.84) | (1.83) |
| 2023 | 11698 | 20.81 | 36.12 | 290178 |  | 0.25 | 1.45 | (1.56) | (0.59) |
| 2022 | 13069 | 21.14 | 36.34 | 333603 |  | 0.25 | 1.45 | (16.31) | (15.45) |
| 2021 | 12637 | 25.26 | 42.98 | 384258 |  | 0.25 | 1.45 | 7.90 | 9.22 |
| T. Rowe Price Limited-Term Bond |  |  |  |  |  |  |  |  |  |
| 2025 | 13683 | 7.16 | 7.73 | 102775 | 5.51 | 0.25 | 1.25 | 1.13 | 1.98 |
| 2024 | 13888 | 7.08 | 7.58 | 102088 | 0.04 | 0.25 | 1.25 | 0.28 | 1.34 |
| 2023 | 13631 | 7.06 | 7.48 | 99621 | 0.03 | 0.25 | 1.45 | 0.28 | 1.36 |
| 2022 | 8392 | 7.04 | 7.38 | 59889 | 0.02 | 0.25 | 1.45 | (8.69) | (7.75) |
| 2021 | 8147 | 7.71 | 8.00 | 63544 | 0.01 | 0.25 | 1.45 | (4.46) | (3.38) |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Templeton Developing Markets VIP Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 28172 | 11.96 | 24.34 | 613679 | 0.52 | 0.25 | 1.45 | 39.89 | 41.59 |
| 2024 | 27881 | 8.54 | 17.40 | 431069 | 0.04 | 0.25 | 1.45 | 2.96 | 4.16 |
| 2023 | 27369 | 8.27 | 16.90 | 408602 | 0.02 | 0.25 | 1.45 | 7.71 | 9.08 |
| 2022 | 17382 | 13.65 | 15.69 | 244945 | 0.02 | 0.25 | 1.45 | (25.39) | (24.50) |
| 2021 | 28408 | 18.08 | 21.03 | 456969 | 0.01 | 0.25 | 1.45 | (9.86) | (8.73) |
|  Templeton Foreign VIP Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 18740 | 9.64 | 16.99 | 224962 | 2.42 | 0.25 | 1.45 | 23.58 | 25.02 |
| 2024 | 17140 | 7.79 | 13.59 | 167936 | 0.03 | 0.25 | 1.45 | (5.38) | (4.16) |
| 2023 | 18364 | 8.21 | 14.18 | 186950 | 0.05 | 0.25 | 1.45 | 15.61 | 16.90 |
| 2022 | 54229 | 7.56 | 12.13 | 513445 | 0.03 | 0.25 | 1.45 | (11.68) | (10.55) |
| 2021 | 54615 | 8.01 | 13.56 | 583009 | 0.02 | 0.25 | 1.45 | (0.37) | 0.82 |
|  Templeton Global Bond VIP Fund |  |  |  |  |  |  |  |  |  |
| 2025 | 14091 | 5.68 | 6.56 | 82240 |  | 0.25 | 1.25 | 10.94 | 11.95 |
| 2024 | 14576 | 5.12 | 5.86 | 76324 |  | 0.25 | 1.25 | (15.09) | (14.20) |
| 2023 | 14223 | 6.03 | 6.83 | 87369 |  | 0.25 | 1.45 | (1.47) | (0.44) |
| 2022 | 27002 | 6.12 | 6.86 | 176396 |  | 0.25 | 1.45 | (8.79) | (7.92) |
| 2021 | 28679 | 6.71 | 7.45 | 204921 |  | 0.25 | 1.45 | (9.20) | (8.02) |
|  VanEck VIP Global Gold |  |  |  |  |  |  |  |  |  |
| 2025 | 30025 | 24.28 | 24.54 | 735790 | 0.31 | 0.25 | 1.25 | 153.51 | 155.85 |
| 2024 | 5559 | 9.49 | 9.68 | 52952 | 0.01 | 0.25 | 1.25 | 9.63 | 10.86 |
| 2023 | 1271 | 8.83 | 8.83 | 11197 |  | 1.25 | 1.45 | 5.75 | 5.75 |
| 2022 | 1236 | 8.35 | 8.35 | 10290 |  | 1.45 | 1.45 | (16.92) | (16.92) |
| 2021 | 1202 | 10.05 | 10.05 | 12051 | 0.04 | 1.45 | 1.45 | (17.76) | (17.76) |
|  VanEck VIP Global Resources |  |  |  |  |  |  |  |  |  |
| 2025 | 4396 | 6.14 | 7.47 | 29056 | 3.17 | 0.25 | 1.25 | 30.37 | 32.04 |
| 2024 | 1508 | 4.65 | 5.73 | 8633 | 0.03 | 0.25 | 1.25 | (7.13) | (6.25) |
| 2023 | 1473 | 4.96 | 6.17 | 9073 | 0.05 | 0.25 | 1.45 | (7.77) | (6.94) |
| 2022 | 17489 | 5.33 | 6.69 | 95111 | 0.02 | 0.25 | 1.45 | 3.56 | 4.72 |
| 2021 | 17874 | 5.09 | 6.46 | 92866 | 0.00 | 0.25 | 1.45 | 13.53 | 14.90 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Vanguard<sup>®</sup> VIF Balanced |  |  |  |  |  |  |  |  |  |
| 2025 | 13368 | 15.73 | 17.97 | 224982 | 2.05 | 0.25 | 1.65 | 11.17 | 12.74 |
| 2024 | 13127 | 14.15 | 15.94 | 197417 | 0.03 | 0.25 | 1.65 | 9.52 | 11.16 |
| 2023 | 19469 | 12.92 | 14.34 | 260722 | 0.02 | 0.25 | 1.85 | 9.12 | 10.65 |
| 2022 | 19190 | 11.84 | 12.96 | 234385 | 0.02 | 0.25 | 1.85 | (18.18) | (17.03) |
| 2021 | 18925 | 14.47 | 15.62 | 281191 | 0.02 | 0.25 | 1.85 | 13.40 | 15.19 |
|  Vanguard<sup>®</sup> VIF Capital Growth |  |  |  |  |  |  |  |  |  |
| 2025 | 6532 | 24.52 | 28.27 | 165076 | 0.91 | 0.25 | 1.65 | 23.09 | 24.87 |
| 2024 | 5863 | 19.92 | 19.92 | 116828 | 0.01 | 1.65 | 1.65 | 8.20 | 8.20 |
| 2023 | 4113 | 18.41 | 18.41 | 75722 | 0.01 | 1.65 | 1.85 | 22.16 | 22.16 |
| 2022 | 2016 | 15.07 | 15.07 | 30392 | 0.01 | 1.85 | 1.85 | (19.28) | (19.28) |
| 2021 | 3798 | 18.67 | 18.67 | 70943 | 0.01 | 1.85 | 1.85 | 15.75 | 15.75 |
|  Vanguard<sup>®</sup> VIF Conservative Allocation |  |  |  |  |  |  |  |  |  |
| 2025 | 2991 | 11.05 | 12.62 | 37767 | 4.58 | 0.25 | 1.65 | 7.59 | 9.08 |
| 2024 | 20054 | 10.27 | 11.57 | 209853 | 0.03 | 0.25 | 1.65 | 2.60 | 4.05 |
| 2023 | 20201 | 10.01 | 11.12 | 206260 | 0.02 | 0.25 | 1.85 | 7.29 | 8.91 |
| 2022 | 19643 | 9.33 | 10.21 | 186269 | 0.02 | 0.25 | 1.85 | (18.73) | (17.59) |
| 2021 | 15706 | 11.48 | 11.48 | 180320 | 0.02 | 1.85 | 1.85 | 0.97 | 0.97 |
|  Vanguard<sup>®</sup> VIF Diversified Value |  |  |  |  |  |  |  |  |  |
| 2025 | 50698 | 20.83 | 20.83 | 1056332 | 1.50 | 0.25 | 0.25 | 13.08 | 13.08 |
| 2024 | 45663 | 16.36 | 18.42 | 841345 | 0.02 | 0.25 | 1.65 | 9.65 | 11.23 |
| 2023 | 50534 | 14.92 | 16.56 | 824785 | 0.00 | 0.25 | 1.85 | 14.68 | 16.29 |
| 2022 | 10914 | 13.01 | 14.24 | 145444 | 0.01 | 0.25 | 1.85 | (15.52) | (14.32) |
| 2021 | 9492 | 15.40 | 16.62 | 148092 |  | 0.25 | 1.85 | 24.29 | 26.29 |
|  Vanguard<sup>®</sup> VIF Equity Income |  |  |  |  |  |  |  |  |  |
| 2025 | 50343 | 18.01 | 20.57 | 928668 | 2.44 | 0.25 | 1.65 | 11.45 | 13.08 |
| 2024 | 49738 | 16.16 | 18.19 | 820723 | 0.03 | 0.25 | 1.65 | 9.93 | 11.46 |
| 2023 | 49091 | 14.70 | 16.32 | 735331 | 0.03 | 0.25 | 1.85 | 3.16 | 4.62 |
| 2022 | 48458 | 14.25 | 15.60 | 701678 | 0.02 | 0.25 | 1.85 | (5.19) | (3.82) |
| 2021 | 46530 | 15.03 | 16.22 | 707598 | 0.02 | 0.25 | 1.85 | 19.38 | 21.32 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Vanguard<sup>®</sup> VIF Equity Index |  |  |  |  |  |  |  |  |  |
| 2025 | 109490 | 23.69 | 27.06 | 2936132 | 1.05 | 0.25 | 1.65 | 12.33 | 13.94 |
| 2024 | 108453 | 21.09 | 23.75 | 2547644 | 0.01 | 0.25 | 1.65 | 19.15 | 20.87 |
| 2023 | 105323 | 17.70 | 19.65 | 2050012 | 0.01 | 0.25 | 1.85 | 20.33 | 22.05 |
| 2022 | 48534 | 14.71 | 16.10 | 767320 | 0.01 | 0.25 | 1.85 | (21.92) | (20.81) |
| 2021 | 43966 | 18.84 | 20.33 | 877885 | 0.01 | 0.25 | 1.85 | 22.50 | 24.42 |
|  Vanguard<sup>®</sup> VIF Global Bond Index |  |  |  |  |  |  |  |  |  |
| 2025 | 1143 | 8.01 | 8.01 | 9157 | 3.03 | 1.65 | 1.65 | 0.88 | 0.88 |
| 2024 | 1111 | 7.94 | 7.94 | 8826 | 0.03 | 1.65 | 1.65 | (2.70) | (2.70) |
| 2023 | 1080 | 8.16 | 8.16 | 8814 | 0.02 | 1.65 | 1.85 | 1.75 | 1.75 |
| 2022 | 1051 | 8.02 | 8.02 | 8429 | 0.03 | 1.85 | 1.85 | (17.15) | (17.15) |
| 2021 | 1021 | 9.68 | 9.68 | 9885 | 0.02 | 1.85 | 1.85 | (6.47) | (6.47) |
|  Vanguard<sup>®</sup> VIF Growth |  |  |  |  |  |  |  |  |  |
| 2025 | 16228 | 26.03 | 29.73 | 427353 | 0.19 | 0.25 | 1.65 | 11.53 | 13.13 |
| 2024 | 11610 | 23.34 | 23.34 | 271003 |  | 1.65 | 1.65 | 27.05 | 27.05 |
| 2023 | 13058 | 18.37 | 18.37 | 239894 | 0.00 | 1.65 | 1.85 | 33.79 | 33.79 |
| 2022 | 13000 | 13.73 | 13.73 | 178526 |  | 1.85 | 1.85 | (36.38) | (36.38) |
| 2021 | 12940 | 21.58 | 21.58 | 279307 | 0.00 | 1.85 | 1.85 | 12.28 | 12.28 |
|  Vanguard<sup>®</sup> VIF High Yield Bond |  |  |  |  |  |  |  |  |  |
| 2025 | 10735 | 10.45 | 11.94 | 119193 | 7.43 | 0.25 | 1.65 | 4.19 | 5.76 |
| 2024 | 14579 | 10.03 | 11.29 | 152009 | 0.05 | 0.25 | 1.65 | 1.62 | 3.01 |
| 2023 | 17454 | 9.87 | 10.96 | 180043 | 0.05 | 0.25 | 1.85 | 6.59 | 8.09 |
| 2022 | 16980 | 9.26 | 10.14 | 163352 | 0.05 | 0.25 | 1.85 | (13.54) | (12.28) |
| 2021 | 17217 | 10.71 | 11.56 | 190749 | 0.04 | 0.25 | 1.85 | (1.20) | 0.35 |
|  Vanguard<sup>®</sup> VIF International |  |  |  |  |  |  |  |  |  |
| 2025 | 47138 | 16.26 | 18.57 | 852705 | 0.83 | 0.25 | 1.65 | 14.51 | 16.14 |
| 2024 | 45611 | 14.20 | 15.99 | 711767 | 0.01 | 0.25 | 1.65 | 4.03 | 5.47 |
| 2023 | 50506 | 13.65 | 15.16 | 746230 | 0.01 | 0.25 | 1.85 | 9.38 | 10.98 |
| 2022 | 28047 | 12.48 | 13.66 | 367815 | 0.01 | 0.25 | 1.85 | (33.26) | (32.31) |
| 2021 | 28915 | 18.70 | 20.18 | 560067 | 0.00 | 0.25 | 1.85 | (6.22) | (4.72) |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Vanguard<sup>®</sup> VIF Mid-Cap Index |  |  |  |  |  |  |  |  |  |
| 2025 | 38167 | 16.77 | 19.15 | 698970 | 1.23 | 0.25 | 1.65 | 6.41 | 7.95 |
| 2024 | 35175 | 15.76 | 17.74 | 600837 | 0.01 | 0.25 | 1.65 | 9.83 | 11.36 |
| 2023 | 36266 | 14.35 | 15.93 | 559640 | 0.01 | 0.25 | 1.85 | 10.64 | 12.18 |
| 2022 | 38848 | 12.97 | 14.20 | 537453 | 0.01 | 0.25 | 1.85 | (22.52) | (21.42) |
| 2021 | 40067 | 16.74 | 18.07 | 709214 | 0.01 | 0.25 | 1.85 | 18.47 | 20.39 |
|  Vanguard<sup>®</sup> VIF Moderate Allocation |  |  |  |  |  |  |  |  |  |
| 2025 | 138759 | 13.26 | 15.15 | 2078171 | 2.39 | 0.25 | 1.65 | 10.87 | 12.47 |
| 2024 | 137937 | 11.96 | 13.47 | 1839040 | 0.01 | 0.25 | 1.65 | 5.28 | 6.82 |
| 2023 | 167272 | 11.36 | 12.61 | 2091003 | 0.02 | 0.25 | 1.85 | 10.29 | 11.89 |
| 2022 | 108911 | 10.30 | 11.27 | 1215084 | 0.02 | 0.25 | 1.85 | (19.72) | (18.63) |
| 2021 | 102005 | 12.83 | 13.85 | 1399817 | 0.00 | 0.25 | 1.85 | 4.82 | 6.54 |
|  Vanguard<sup>®</sup> VIF Real Estate Index |  |  |  |  |  |  |  |  |  |
| 2025 | 8735 | 10.31 | 11.78 | 99639 | 2.85 | 0.25 | 1.65 | (1.62) | (0.17) |
| 2024 | 9591 | 10.48 | 11.80 | 108998 | 0.04 | 0.25 | 1.65 |  | 1.37 |
| 2023 | 8292 | 10.48 | 11.64 | 92937 | 0.02 | 0.25 | 1.85 | 6.61 | 8.18 |
| 2022 | 5056 | 9.83 | 10.76 | 51632 | 0.01 | 0.25 | 1.85 | (29.63) | (28.65) |
| 2021 | 10088 | 13.97 | 15.08 | 143170 | 0.01 | 0.25 | 1.85 | 33.56 | 35.73 |
|  Vanguard<sup>®</sup> VIF Short Term Investment Grade |  |  |  |  |  |  |  |  |  |
| 2025 | 98011 | 8.09 | 9.24 | 864625 | 4.69 | 0.25 | 1.65 | 1.89 | 3.36 |
| 2024 | 103575 | 7.94 | 8.94 | 877360 | 0.03 | 0.25 | 1.65 | 0.13 | 1.59 |
| 2023 | 77586 | 7.93 | 8.80 | 660534 | 0.01 | 0.25 | 1.85 | 1.28 | 2.68 |
| 2022 | 45708 | 7.83 | 8.57 | 371405 | 0.03 | 0.25 | 1.85 | (10.00) | (8.73) |
| 2021 | 37674 | 8.70 | 9.39 | 336499 | 0.02 | 0.25 | 1.85 | (5.13) | (3.59) |
|  Vanguard<sup>®</sup> VIF Small Company Growth (b) |  |  |  |  |  |  |  |  |  |
| 2025 | 5046 | 15.04 | 17.17 | 77714 | 0.46 | 0.25 | 1.65 | 1.28 | 2.69 |
| 2024 | 4923 | 14.85 | 16.72 | 74691 | 0.01 | 0.25 | 1.65 | 6.30 | 7.80 |
| 2023 | 4806 | 13.97 | 15.51 | 68423 | 0.00 | 0.25 | 1.85 | 14.23 | 15.83 |
| 2022 | 4698 | 12.23 | 13.39 | 58415 | 0.00 | 0.25 | 1.85 | (28.73) | (27.70) |
| 2021 | 4593 | 17.16 | 18.52 | 79926 | 0.00 | 0.25 | 1.85 | 8.81 | 10.57 |

---

(b) Closed to new investments. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Vanguard<sup>®</sup> VIF Total Bond Market Index |  |  |  |  |  |  |  |  |  |
| 2025 | 304969 | 7.42 | 8.47 | 2528670 | 3.57 | 0.25 | 1.65 | 2.06 | 3.55 |
| 2024 | 303446 | 7.27 | 8.18 | 2427867 | 0.03 | 0.25 | 1.65 | (3.32) | (2.04) |
| 2023 | 319038 | 7.52 | 8.35 | 2612104 | 0.01 | 0.25 | 1.85 | 0.80 | 2.20 |
| 2022 | 134151 | 7.46 | 8.17 | 1052635 | 0.02 | 0.25 | 1.85 | (17.20) | (15.95) |
| 2021 | 128716 | 9.01 | 9.72 | 1207992 | 0.02 | 0.25 | 1.85 | (6.34) | (4.89) |
|  Vanguard<sup>®</sup> VIF Total International Stock Market Index |  |  |  |  |  |  |  |  |  |
| 2025 | 21138 | 12.77 | 14.06 | 285509 | 2.89 | 0.25 | 1.65 | 26.06 | 27.82 |
| 2024 | 22332 | 10.13 | 11.00 | 236732 | 0.03 | 0.25 | 1.65 | 0.30 | 1.66 |
| 2023 | 18161 | 10.10 | 10.82 | 189365 | 0.02 | 0.25 | 1.85 | 10.26 | 11.89 |
| 2022 | 11678 | 9.16 | 9.67 | 107993 | 0.03 | 0.25 | 1.85 | (19.86) | (18.74) |
| 2021 | 12808 | 11.43 | 11.90 | 147460 | 0.02 | 0.25 | 1.85 | 3.44 | 5.12 |
|  Vanguard<sup>®</sup> VIF Total Stock Market Index |  |  |  |  |  |  |  |  |  |
| 2025 | 96582 | 22.53 | 25.72 | 2410353 | 1.16 | 0.25 | 1.65 | 11.65 | 13.15 |
| 2024 | 90112 | 20.18 | 22.73 | 1989465 | 0.01 | 0.25 | 1.65 | 18.01 | 19.76 |
| 2023 | 90002 | 17.10 | 18.98 | 1661795 | 0.01 | 0.25 | 1.85 | 20.25 | 21.98 |
| 2022 | 33908 | 14.22 | 15.56 | 493434 | 0.01 | 0.25 | 1.85 | (23.22) | (22.16) |
| 2021 | 37353 | 18.52 | 19.99 | 700754 | 0.01 | 0.25 | 1.85 | 19.64 | 21.59 |
|  Victory Pioneer Bond VCT Portfolio (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 21610 | 8.02 | 8.02 | 173267 | 4.28 | 1.25 | 1.25 | 4.29 | 4.29 |
| 2024 | 21418 | 7.69 | 7.69 | 164574 | 0.04 | 1.25 | 1.25 | (1.28) | (1.28) |
| 2023 | 21057 | 7.79 | 8.48 | 163895 | 0.04 | 0.25 | 1.45 | 2.23 | 3.29 |
| 2022 | 40755 | 7.62 | 8.21 | 322248 | 0.02 | 0.25 | 1.45 | (17.98) | (17.24) |
| 2021 | 41151 | 9.29 | 9.92 | 395225 | 0.02 | 0.25 | 1.45 | (4.13) | (2.94) |

---

(a) Name change. See Note 1.

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Victory Pioneer Equity Income VCT Portfolio (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 985 | 16.92 | 16.92 | 16662 | 1.98 | 1.25 | 1.25 | 6.48 | 6.48 |
| 2024 | 957 | 15.89 | 15.89 | 15212 | 0.02 | 1.25 | 1.25 | 6.36 | 6.36 |
| 2023 | 931 | 14.94 | 14.94 | 13910 | 0.02 | 1.25 | 1.45 | 2.75 | 2.75 |
| 2022 | 905 | 14.54 | 14.54 | 13169 | 0.02 | 1.45 | 1.45 | (11.77) | (11.77) |
| 2021 | 880 | 16.48 | 16.48 | 14514 | 0.01 | 1.45 | 1.45 | 19.85 | 19.85 |
|  Victory Pioneer Strategic Income VCT Portfolio (a) |  |  |  |  |  |  |  |  |  |
| 2025 | 9797 | 8.55 | 8.55 | 83786 | 4.40 | 1.25 | 1.25 | 6.21 | 6.21 |
| 2024 | 9691 | 8.05 | 8.05 | 78014 | 0.04 | 1.25 | 1.25 | (0.37) | (0.37) |
| 2023 | 10632 | 8.08 | 8.08 | 85953 | 0.04 | 1.25 | 1.45 | 3.46 | 3.46 |
| 2022 | 10701 | 7.81 | 7.81 | 83541 | 0.03 | 1.45 | 1.45 | (16.47) | (16.47) |
| 2021 | 15743 | 9.35 | 9.35 | 147139 | 0.03 | 1.45 | 1.45 | (2.71) | (2.71) |
|  Virtus Duff & Phelps Real Estate Securities Series |  |  |  |  |  |  |  |  |  |
| 2025 | 1313 | 12.83 | 12.83 | 16860 | 2.68 | 1.25 | 1.25 | (3.46) | (3.46) |
| 2024 | 1277 | 13.29 | 14.48 | 16984 | 0.02 | 0.25 | 1.25 | 6.24 | 7.34 |
| 2023 | 1245 | 12.51 | 13.49 | 15578 | 0.02 | 0.25 | 1.45 | 6.47 | 7.49 |
| 2022 | 5658 | 11.75 | 12.55 | 70006 | 0.01 | 0.25 | 1.45 | (29.17) | (28.41) |
| 2021 | 5820 | 16.59 | 17.53 | 100899 | 0.01 | 0.25 | 1.45 | 40.12 | 41.71 |
|  Virtus KAR Small-Cap Growth Series |  |  |  |  |  |  |  |  |  |
| 2025 | 7942 | 20.39 | 22.99 | 170141 |  | 0.25 | 1.25 | (25.85) | (25.11) |
| 2024 | 9608 | 27.50 | 30.70 | 272629 |  | 0.25 | 1.25 | 5.16 | 6.23 |
| 2023 | 11667 | 26.15 | 28.90 | 311687 |  | 0.25 | 1.45 | 14.74 | 15.88 |
| 2022 | 11558 | 22.79 | 24.94 | 268510 |  | 0.25 | 1.45 | (33.23) | (32.54) |
| 2021 | 25408 | 34.13 | 36.97 | 879849 |  | 0.25 | 1.45 | 0.41 | 1.62 |

---

(a) Name change. See Note 1.

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Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Subaccount** | **Units** | **Unit**<br>**Values**<br>**Lowest**<br>**($) (4)** | **Unit**<br>**Values**<br>**Highest**<br>**($) (4)** | **Net**<br>**Assets ($)** | **Invest-<br>ment**<br>**Income**<br>**Ratios**<br>**(1)** | **Expense**<br>**Ratios**<br>**Lowest**<br>**(%) (2)** | **Expense**<br>**Ratios**<br>**Highest**<br>**(%) (2)** | **Total**<br>**Returns**<br>**Lowest**<br>**(%) (3)(4)** | **Total**<br>**Returns**<br>**Highest**<br>**(%) (3)(4)** |
|  Virtus Newfleet Multi-Sector Intermediate Bond Series |  |  |  |  |  |  |  |  |  |
| 2025 |  | 9.03 | 9.97 |  |  | 0.25 | 1.25 | 3.08 | 4.18 |
| 2024 |  | 8.76 | 8.76 |  | 0.01 | 1.25 | 1.25 | 1.51 | 1.51 |
| 2023 | 1076 | 8.63 | 8.63 | 9314 | 0.05 | 1.25 | 1.45 | 4.10 | 4.10 |
| 2022 | 1046 | 8.29 | 8.29 | 8695 | 0.01 | 1.45 | 1.45 | (13.28) | (13.28) |
| 2021 | 6417 | 9.56 | 9.56 | 61347 | 0.03 | 1.45 | 1.45 | (3.34) | (3.34) |
|  Virtus SGA International Growth Series |  |  |  |  |  |  |  |  |  |
| 2025 | 6515 | 8.49 | 8.49 | 55302 | 0.18 | 0.25 | 0.25 | 5.73 | 5.73 |
| 2024 | 6495 | 8.03 | 8.03 | 52130 |  | 0.25 | 0.25 | (8.65) | (8.65) |
| 2023 | 6493 | 8.79 | 8.79 | 57031 | 0.00 | 0.25 | 0.25 | 14.30 | 14.30 |
| 2022 | 25077 | 7.69 | 7.69 | 192874 |  | 0.25 | 0.25 | (21.21) | (21.21) |
| 2021 | 26748 | 9.76 | 9.76 | 261079 |  | 0.25 | 0.25 | 4.83 | 4.83 |
|  Voya MidCap Opportunities Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 | 3653 | 18.76 | 18.76 | 68517 |  | 1.25 | 1.25 | (0.79) | (0.79) |
| 2024 | 3564 | 18.91 | 18.91 | 67401 |  | 1.25 | 1.25 | 10.39 | 10.39 |
| 2023 | 3477 | 17.13 | 17.13 | 59558 |  | 1.25 | 1.45 | 18.22 | 18.22 |
| 2022 | 3392 | 14.49 | 14.49 | 49144 |  | 1.45 | 1.45 | (28.48) | (28.48) |
| 2021 | 3310 | 20.26 | 20.26 | 67072 |  | 1.45 | 1.45 | 6.74 | 6.74 |
|  VY CBRE Global Real Estate Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 | 1147 | 9.04 | 10.43 | 11743 | 2.41 | 0.25 | 1.25 | 1.92 | 2.96 |
| 2024 | 1127 | 8.87 | 10.13 | 11227 | 0.02 | 0.25 | 1.25 | (4.21) | (3.25) |
| 2023 | 2653 | 9.26 | 10.47 | 25732 | 0.02 | 0.25 | 1.45 | 7.42 | 8.61 |
| 2022 | 2592 | 8.62 | 9.64 | 23316 | 0.03 | 0.25 | 1.45 | (28.35) | (27.63) |
| 2021 | 2748 | 12.03 | 13.32 | 34541 | 0.03 | 0.25 | 1.45 | 28.12 | 29.57 |
|  VY CBRE Real Estate Portfolio |  |  |  |  |  |  |  |  |  |
| 2025 | 1873 | 13.38 | 13.38 | 25072 | 2.52 | 0.25 | 0.25 | (3.32) | (3.32) |
| 2024 | 1819 | 13.84 | 13.84 | 25176 | 0.02 | 0.25 | 0.25 | 0.80 | 0.80 |
| 2023 | 1768 | 13.73 | 13.73 | 24280 | 0.02 | 0.25 | 0.25 | 10.28 | 10.28 |
| 2022 | 1720 | 12.45 | 12.45 | 21422 | 0.01 | 0.25 | 0.25 | (29.58) | (29.58) |
| 2021 | 1673 | 17.68 | 17.68 | 29575 | 0.02 | 0.25 | 0.25 | 46.97 | 46.97 |

---

------

Variable Annuity Account A

Notes to Financial Statements (continued)

4. Financial Highlights (continued)

(1) These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund, net of management fees assessed by the fund manager, divided by the average net assets. Average net assets is a simple average of net assets and will not reflect offsetting changes in net assets occurring within a year. These ratios exclude those expenses, such as mortality and expense charges, that result in direct reductions in the unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccount invests.

(2) These ratios represent the annualized contract expenses of the Account, consisting primarily of administrative and mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to the unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying fund are excluded. The additional fees for the mortality and expense risk charges applied to policies whose contract values are less than $100,000 are excluded from these ratios because they result in reductions of contract owner units, rather than direct reductions to the unit values. See Note 2.

(3) These amounts represent the total return for the periods indicated, including changes in the value of the underlying fund, and reflect deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. The total return is calculated for the period indicated or from the inception date through the end of the reporting period.

(4) Unit value information is calculated on a daily basis regardless of whether or not the subaccount has contractholders.

5. Subsequent Events

The Account has performed an evaluation of subsequent events through the date the financial statements were issued and has determined that no items require recognition or disclosure.