# EDGAR Filing Document

**Accession Number:** 0001016809
**File Stem:** 0001164098-26-000805
**Filing Date:** 2026-4
**Character Count:** 460143
**Document Hash:** 52e33a87d6f904fe8ac598b4f2e68ca6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001164098-26-000805.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001164098-26-000805

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**EFFECTIVENESS DATE**: 20260424

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RETIREMENT BUILDER VARIABLE ANNUITY ACCOUNT
- **CENTRAL INDEX KEY:** 0001016809

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07689
- **FILM NUMBER:** 26895826

**BUSINESS ADDRESS:**
- **STREET 1:** 6400 C STREET SW
- **CITY:** CEDAR RAPIDS
- **STATE:** IA
- **ZIP:** 52499
- **BUSINESS PHONE:** 319-355-8366

**MAIL ADDRESS:**
- **STREET 1:** 6400 C STREET SW
- **CITY:** CEDAR RAPIDS
- **STATE:** IA
- **ZIP:** 52499

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PFL RETIREMENT BUILDER VARIABLE ANNUITY ACCOUNT
- **DATE OF NAME CHANGE:** 19960613

## Series and Classes Contracts Data

### RETIREMENT BUILDER VARIABLE ANNUITY ACCOUNT (Series ID: S000006781)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000018380 | Retirement Income Builder Variable Annuity        |  |
| C000018381 | Retirement Income Builder II Variable Annuity     |  |
| C000018382 | Portfolio Select Variable Annuity                 |  |
| C000018383 | Immediate Income Builder                          |  |
| C000018384 | One Income Annuity                                |  |
| C000132442 | The Atlas Portfolio Builder Variable Annuity      |  |
| C000132443 | Transamerica Access Variable Annuity              |  |
| C000132444 | Privilege Select Variable Annuity                 |  |
| C000132445 | Premier Asset Builder Variable Annuity            |  |
| C000132446 | Principal-Plus Variable Annuity                   |  |
| C000132447 | Immediate Income Builder II                       |  |
| C000132448 | Retirement Income Builder - BAI Variable Annuity  |  |
| C000132449 | Transamerica Preferred Advantage Variable Annuity |  |
| C000132450 | Transamerica Traditions Variable Annuity          |  |
| C000132451 | Transamerica Opportunity Builder Variable Annuity |  |
| C000132452 | Transamerica Principium Variable Annuity          |  |
| C000132453 | Huntington Allstar Select                         |  |

---

| |
|:---|
| **FINANCIAL STATEMENTS** |
| **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** |
| **Years Ended December 31, 2025 and 2024** |

---

---

| |
|:---|
| **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** |
| **Financial Statements** |
| **Years Ended December 31, 2025 and 2024** |

---

---

| | |
|:---|:---|
| [Report of Independent Registered Public Accounting Firm](#tocAnchor0) | 4 |
| [Statement of Assets and Liabilities](#tocAnchor1) | 5 |
| [Statements of Operations and Changes in Net Assets](#tocAnchor2) | 15 |
| [Notes to Financial Statements](#tocAnchor3) | 58 |

---

![](ey_logo.gif)

#### Report of Independent Registered Public Accounting Firm
To the Board of Directors of Transamerica Life Insurance Company and

Contract Owners of Retirement Builder Variable Annuity Account

#### Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of each of the subaccounts listed in the table below that comprise Retirement Builder Variable Annuity Account (the Separate Account), as of December 31, 2025, the related statements of operations and changes in net assets for each of the periods indicated in the table below, 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 table below, in conformity with U.S. generally accepted accounting principles.

---

| | |
|:---|:---|
| Subaccounts | Subaccounts |
| &nbsp;&nbsp; AB Large Cap Growth Class B Shares (1) | &nbsp;&nbsp; Invesco V.I. Government Securities Series I Shares (1) |
| &nbsp;&nbsp; AB Relative Value Class B Shares (1) | &nbsp;&nbsp; Invesco V.I. Government Securities Series II Shares (1) |
| &nbsp;&nbsp; AB Sustainable Global Thematic Growth Class B Shares (1) | &nbsp;&nbsp; Invesco V.I. Main Street Series I Shares (1) |
| &nbsp;&nbsp; Allspring VT Discovery All Cap Growth Class 1 Shares (1) | &nbsp;&nbsp; Invesco V.I. Main Street Series II Shares (1) |
| &nbsp;&nbsp; Allspring VT Discovery All Cap Growth Class 2 Shares (1) | &nbsp;&nbsp; Invesco V.I. Main Street Mid Cap Series II Shares (1) |
| &nbsp;&nbsp; Allspring VT Opportunity Class 1 Shares (1) | &nbsp;&nbsp; Invesco V.I. Main Street Small Cap Series II Shares (1) |
| &nbsp;&nbsp; Allspring VT Opportunity Class 2 Shares (1) | &nbsp;&nbsp; Janus Henderson - Balanced Service Shares (1) |
| &nbsp;&nbsp; Allspring VT Small Cap Growth Class 1 Shares (1) | &nbsp;&nbsp; Janus Henderson - Enterprise Service Shares (1) |
| &nbsp;&nbsp; Allspring VT Small Cap Growth Class 2 Shares (1) | &nbsp;&nbsp; Janus Henderson - Forty Service Shares (1) |
| &nbsp;&nbsp; BNY Mellon Stock Index Initial Shares (1) | &nbsp;&nbsp; Janus Henderson - Global Research Service Shares (1) |
| &nbsp;&nbsp; BNY Mellon Stock Index Service Shares (1) | &nbsp;&nbsp; Janus Henderson - Mid Cap Value Service Shares (1) |
| &nbsp;&nbsp; BNY Mellon Sustainable U.S. Equity Initial Shares (1) | &nbsp;&nbsp; Janus Henderson - Overseas Service Shares (1) |
| &nbsp;&nbsp; BNY Mellon VIF Appreciation Initial Shares (1) | &nbsp;&nbsp; Janus Henderson - Research Service Shares (1) |
| &nbsp;&nbsp; BNY Mellon VIF Government Money Market (1) | &nbsp;&nbsp; LVIP JPMorgan Core Bond Standard Shares (1) |
| &nbsp;&nbsp; BNY Mellon VIF Growth and Income Initial Shares (1) | &nbsp;&nbsp; LVIP JPMorgan Mid Cap Value Standard Shares (1) |
| &nbsp;&nbsp; BNY Mellon Small Cap Initial Shares(1) | &nbsp;&nbsp; LVIP JPMorgan U.S. Equity Standard Shares (1) |
| &nbsp;&nbsp; Columbia – Acorn (1) | &nbsp;&nbsp; MFS® Core Equity Initial Class (1) |
| &nbsp;&nbsp; Columbia - Dividend Opportunity Class 1 Shares (1) | &nbsp;&nbsp; MFS® Growth Initial Class (1) |
| &nbsp;&nbsp; Columbia - Income Opportunity Class 1 Shares (1) | &nbsp;&nbsp; MFS® Growth Service Class (1) |
| &nbsp;&nbsp; Columbia - Large Cap Growth Class 1 Shares (1) | &nbsp;&nbsp; MFS® Massachusetts Investors Growth Stock Initial Class (1) |
| &nbsp;&nbsp; Columbia - Overseas Core Class 2 Shares (1) | &nbsp;&nbsp; MFS® Massachusetts Investors Growth Stock Service Class (1) |
| &nbsp;&nbsp; Columbia - Select Mid Cap Growth Class 1 Shares (1) | &nbsp;&nbsp; MFS® New Discovery Initial Class (1) |
| &nbsp;&nbsp; Columbia - Select Mid Cap Value Class 1 Shares (1) | &nbsp;&nbsp; MFS® New Discovery Service Class (1) |
| &nbsp;&nbsp; Columbia - Small Cap Value Class 1 Shares (1) | &nbsp;&nbsp; MFS® Research Initial Class (1) |
| &nbsp;&nbsp; Columbia - Small Company Growth Class 1 Shares (1) | &nbsp;&nbsp; MFS® Research Service Class (1) |
| &nbsp;&nbsp; Columbia - Strategic Income Class 1 Shares (1) | &nbsp;&nbsp; MFS® Total Return Initial Class (1) |
| &nbsp;&nbsp; CTIVP® - Principal Large Cap Growth Class 1 Shares (1) | &nbsp;&nbsp; MFS® Total Return Service Class (1) |
| &nbsp;&nbsp; Davis Equity (1) | &nbsp;&nbsp; MFS® Total Return Bond Initial Class (1) |
| &nbsp;&nbsp; Federated Hermes Government Money II Service Shares (1) | &nbsp;&nbsp; MFS® Total Return Bond Service Class (1) |
| &nbsp;&nbsp; Federated Hermes High Income Bond II Primary Shares (1) | &nbsp;&nbsp; MFS® Utilities Initial Class (1) |
| &nbsp;&nbsp; Federated Hermes Kaufmann II Primary Shares (1) | &nbsp;&nbsp; MFS® Utilities Service Class (1) |
| &nbsp;&nbsp; Federated Hermes Kaufmann II Service Shares (1) | &nbsp;&nbsp; Putnam VT Core Equity Class IB Shares (1) |
| &nbsp;&nbsp; Federated Hermes Managed Volatility II Primary Shares (1) | &nbsp;&nbsp; Putnam VT Diversified Income Class IB Shares (1) |
| &nbsp;&nbsp; Federated Hermes Managed Volatility II Service Shares (1) | &nbsp;&nbsp; Putnam VT Focused International Equity Class IB Shares (1)  |
| &nbsp;&nbsp; Federated Hermes Quality Bond II Primary Shares (1) | &nbsp;&nbsp; Putnam VT George Putnam Balanced Class IB Shares (1) |
| &nbsp;&nbsp; Fidelity® VIP Asset Manager 50% Initial Class (1) | &nbsp;&nbsp; Putnam VT Global Health Care Class IB Shares (1) |
| &nbsp;&nbsp; Fidelity® VIP Asset Manager 70% Initial Class (1) | &nbsp;&nbsp; Putnam VT Government Money Market Class IB Shares (1) |
| &nbsp;&nbsp; Fidelity® VIP Balanced Initial Class (1) | &nbsp;&nbsp; Putnam VT Income Class IB Shares (1) |
| &nbsp;&nbsp; Fidelity® VIP Balanced Service Class 2 (1) | &nbsp;&nbsp; Putnam VT International Equity Class IB Shares (1) |
| &nbsp;&nbsp; Fidelity® VIP Contrafund® Initial Class (1) | &nbsp;&nbsp; Putnam VT Large Cap Growth Class IB Shares (1) |
| &nbsp;&nbsp; Fidelity® VIP Contrafund® Service Class 2 (1) | &nbsp;&nbsp; Putnam VT Large Cap Value Class IB Shares (1) |
| &nbsp;&nbsp; Fidelity® VIP Equity-Income Initial Class (1) | &nbsp;&nbsp; Putnam VT Research Class IB Shares (1) |
| &nbsp;&nbsp; Fidelity® VIP Equity-Income Service Class 2 (1) | &nbsp;&nbsp; Putnam VT Sustainable Leaders Class IB Shares (1) |
| &nbsp;&nbsp; Fidelity® VIP Government Money Market Initial Class (1) | &nbsp;&nbsp; TA Aegon Bond Initial Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Government Money Market Service Class 2 (1) | &nbsp;&nbsp; TA Aegon Bond Service Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Growth Initial Class (1) | &nbsp;&nbsp; TA Aegon Core Bond Initial Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Growth Service Class 2 (1) | &nbsp;&nbsp; TA Aegon High Yield Bond Initial Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Growth & Income Initial Class (1) | &nbsp;&nbsp; TA Aegon High Yield Bond Service Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Growth & Income Service Class 2 (1) | &nbsp;&nbsp; TA Aegon Sustainable Equity Income Initial Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Growth Opportunities Initial Class (1) | &nbsp;&nbsp; TA Aegon Sustainable Equity Income Service Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Growth Opportunities Service Class (1) | &nbsp;&nbsp; TA Aegon U.S. Government Securities Initial Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Growth Opportunities Service Class 2 (1) | &nbsp;&nbsp; TA Aegon U.S. Government Securities Service Class (1) |
| &nbsp;&nbsp; Fidelity® VIP High Income Initial Class (1) | &nbsp;&nbsp; TA BlackRock Government Money Market Initial Class (1) |
| &nbsp;&nbsp; Fidelity® VIP High Income Service Class (1) | &nbsp;&nbsp; TA BlackRock Government Money Market Service Class (1) |
| &nbsp;&nbsp; Fidelity® VIP High Income Service Class 2 (1) | &nbsp;&nbsp; TA BlackRock iShares Edge 40 Initial Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Index 500 Initial Class (1) | &nbsp;&nbsp; TA BlackRock iShares Edge 40 Service Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Index 500 Service Class 2 (1) | &nbsp;&nbsp; TA BlackRock Real Estate Securities Initial Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Investment Grade Bond Initial Class (1) | &nbsp;&nbsp; TA BlackRock Real Estate Securities Service Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Investment Grade Bond Service Class 2 (1) | &nbsp;&nbsp; TA International Focus Initial Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Mid Cap Initial Class (1) | &nbsp;&nbsp; TA International Focus Service Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Mid Cap Service Class 2 (1) | &nbsp;&nbsp; TA Janus Mid-Cap Growth Initial Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Overseas Initial Class (1) | &nbsp;&nbsp; TA Janus Mid-Cap Growth Service Class (1) |
| &nbsp;&nbsp; Fidelity® VIP Value Strategies Service Class 2 (1) | &nbsp;&nbsp; TA JPMorgan Asset Allocation - Conservative Initial Class (1) |
| &nbsp;&nbsp; Franklin Income Class 2 Shares (1) | &nbsp;&nbsp; TA JPMorgan Asset Allocation - Conservative Service Class (1) |
| &nbsp;&nbsp; Franklin Mutual Shares Class 2 Shares (1) | &nbsp;&nbsp; TA JPMorgan Asset Allocation - Moderate Initial Class (1) |
| &nbsp;&nbsp; Franklin Rising Dividends Class 2 Shares (1) | &nbsp;&nbsp; TA JPMorgan Asset Allocation - Moderate Service Class (1) |
| &nbsp;&nbsp; Franklin Small Cap Value Class 2 Shares (1) | &nbsp;&nbsp; TA JPMorgan Asset Allocation - Moderate Growth Initial Class (1) |
| &nbsp;&nbsp; Franklin Small-Mid Cap Growth Class 2 Shares (1) | &nbsp;&nbsp; TA JPMorgan Asset Allocation - Moderate Growth Service Class (1) |
| &nbsp;&nbsp; Franklin Templeton Developing Markets Class 2 Shares (1) | &nbsp;&nbsp; TA JPMorgan Diversified Equity Allocation Initial Class (1) |
| &nbsp;&nbsp; Franklin Templeton Foreign Class 2 Shares (1) | &nbsp;&nbsp; TA JPMorgan Diversified Equity Allocation Service Class (1) |
| &nbsp;&nbsp; Invesco V.I. American Franchise Series I Shares (1) | &nbsp;&nbsp; TA JPMorgan Enhanced Index Initial Class (1) |
| &nbsp;&nbsp; Invesco V.I. American Franchise Series II Shares (1) | &nbsp;&nbsp; TA JPMorgan Enhanced Index Service Class (1) |
| &nbsp;&nbsp; Invesco V.I. American Value Series II Shares (1) | &nbsp;&nbsp; TA JPMorgan International Moderate Growth Initial Class (1) |
| &nbsp;&nbsp; Invesco V.I. Comstock Series II Shares (1) | &nbsp;&nbsp; TA JPMorgan International Moderate Growth Service Class (1) |
| &nbsp;&nbsp; Invesco V.I. Discovery Large Cap Series I Shares(1) | &nbsp;&nbsp; TA JPMorgan Tactical Allocation Initial Class (1) |
| &nbsp;&nbsp; Invesco V.I. Discovery Large Cap Series II Shares (1) | &nbsp;&nbsp; TA JPMorgan Tactical Allocation Service Class (1) |
| &nbsp;&nbsp; Invesco V.I. Core Equity Series II Shares (1) | &nbsp;&nbsp; TA Multi-Managed Balanced Initial Class (1) |
| &nbsp;&nbsp; Invesco V.I. Discovery Mid Cap Growth Series II Shares (1) | &nbsp;&nbsp; TA Multi-Managed Balanced Service Class (1) |
| &nbsp;&nbsp; Invesco V.I. Equity and Income Series I Shares (2) | &nbsp;&nbsp; TA Small/Mid Cap Value Initial Class (1) |
| &nbsp;&nbsp; Invesco V.I. Equity and Income Series II Shares (1) | &nbsp;&nbsp; TA T. Rowe Price Small Cap Initial Class (1) |
| &nbsp;&nbsp; Invesco V.I. EQV International Equity Series I Shares (1) | &nbsp;&nbsp; TA T. Rowe Price Small Cap Service Class (1) |
| &nbsp;&nbsp; Invesco V.I. EQV International Equity Series II Shares (1) | &nbsp;&nbsp; TA TSW International Equity Initial Class (1) |
| &nbsp;&nbsp; Invesco V.I. Global Series I Shares (1) | &nbsp;&nbsp; TA TSW International Equity Service Class (1) |
| &nbsp;&nbsp; Invesco V.I. Global Series II Shares (1) | &nbsp;&nbsp; TA TSW Mid Cap Value Opportunities Initial Class (1) |
| &nbsp;&nbsp; Invesco V.I. Global Strategic Income Series I Shares (1) | &nbsp;&nbsp; TA WMC US Growth Initial Class (1) |
| &nbsp;&nbsp; Invesco V.I. Global Strategic Income Series II Shares (1) | &nbsp;&nbsp; TA WMC US Growth Service Class (1) |
| &nbsp;&nbsp; (1) Statements of operations and changes in net assets for the years ended December 31, 2025 and 2024<br> (2) Statements of operations and changes in net assets for the period April 26, 2024 (commencement of operations) through December 31, 2025 | &nbsp;&nbsp; (1) Statements of operations and changes in net assets for the years ended December 31, 2025 and 2024<br> (2) Statements of operations and changes in net assets for the period April 26, 2024 (commencement of operations) through December 31, 2025 |

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#### 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 auditor of the Separate Account since 2024.

Chicago, IL

April 24, 2026

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Subaccount** | **Number of Shares** | **Cost** | **Assets at Market Value** | **Due (to)/from General Account** | **Net Assets** | **Units Outstanding** | **Range of Unit Values** | **Range of Unit Values** |
| AB Large Cap Growth Class B Shares | 35544.313 | $2199241 | $2896151 | $(83) | $2896068 | 605219 | $4.221566 | $37.573255 |
| AB Relative Value Class B Shares | 66143.389 | 1892319 | 2040524 | (35) | 2040489 | 543690 | 3.470375 | 21.235323 |
| AB Sustainable Global Thematic Growth Class B Shares | 24558.935 | 712818 | 743153 | (11) | 743142 | 424596 | 1.123656 | 20.534729 |
| Allspring VT Discovery All Cap Growth Class 1 Shares | 58996.758 | 1545015 | 1355745 | 2 | 1355747 | 180335 | 4.002401 | 8.170049 |
| Allspring VT Discovery All Cap Growth Class 2 Shares | 9213.567 | 228224 | 192195 | 13 | 192208 | 20888 | 8.144085 | 28.053349 |
| Allspring VT Opportunity Class 1 Shares | 62371.588 | 1552563 | 1601079 | 10 | 1601089 | 367406 | 3.788779 | 4.518313 |
| Allspring VT Opportunity Class 2 Shares | 2493.718 | 62068 | 64089 | 3 | 64092 | 15232 | 3.919538 | 21.454865 |
| Allspring VT Small Cap Growth Class 1 Shares | 77077.208 | 787207 | 797749 | 15 | 797764 | 206508 | 2.643531 | 4.187661 |
| Allspring VT Small Cap Growth Class 2 Shares | 9590.238 | 95625 | 92066 | (3) | 92063 | 23899 | 3.448013 | 18.901613 |
| BNY Mellon Small Cap Initial Shares | 25569.854 | 1163748 | 1227353 | (16) | 1227337 | 390568 | 3.137461 | 14.073779 |
| BNY Mellon Stock Index Initial Shares | 20287.296 | 1219918 | 1768038 | (40) | 1767998 | 246280 | 5.991247 | 7.357185 |
| BNY Mellon Stock Index Service Shares | 333.497 | 21347 | 29154 |  | 29154 | 6023 | 4.840787 | 6.515927 |
| BNY Mellon Sustainable U.S. Equity Initial Shares | 4169.076 | 165728 | 243891 | 36 | 243927 | 73506 | 3.318447 | 25.218206 |
| BNY Mellon VIF Appreciation Initial Shares | 55500.611 | 1933767 | 1868706 | (10) | 1868696 | 293330 | 5.821616 | 24.468082 |
| BNY Mellon VIF Government Money Market | 677351.260 | 677351 | 677351 | (77) | 677274 | 594646 | 0.760047 | 1.184986 |
| BNY Mellon VIF Growth and Income Initial Shares | 27650.935 | 940860 | 1099954 | (36) | 1099918 | 168758 | 6.517556 | 27.818027 |
| Columbia - Acorn | 58006.933 | 820007 | 922310 | (70) | 922240 | 207831 | 3.634140 | 15.957880 |
| Columbia - Dividend Opportunity Class 1 Shares | 16132.247 | 304709 | 846298 | (12) | 846286 | 266143 | 2.726064 | 18.926358 |
| Columbia - Income Opportunity Class 1 Shares | 152687.891 | 1057844 | 1033697 | 27 | 1033724 | 696360 | 1.295741 | 1.552287 |
| Columbia - Large Cap Growth Class 1 Shares | 82803.139 | 1187344 | 4708186 | 72 | 4708258 | 1189284 | 3.582152 | 4.111564 |
| Columbia - Overseas Core Class 2 Shares | 88466.961 | 1137772 | 1565865 | (15) | 1565850 | 848064 | 1.674310 | 1.921831 |
| Columbia - Select Mid Cap Growth Class 1 Shares | 20344.651 | 354987 | 1315282 | (13) | 1315269 | 363728 | 3.165925 | 3.792980 |
| Columbia - Select Mid Cap Value Class 1 Shares | 2907.977 | 52695 | 137664 | 3 | 137667 | 38822 | 2.945043 | 18.762180 |
| Columbia - Small Cap Value Class 1 Shares | 64098.114 | 800782 | 810841 | (29) | 810812 | 145202 | 2.149686 | 17.616023 |
| Columbia - Small Company Growth Class 1 Shares | 1808.929 | 25043 | 27098 | 5 | 27103 | 4186 | 4.228163 | 28.935123 |
| Columbia - Strategic Income Class 1 Shares | 132901.810 | 520683 | 503698 | (2) | 503696 | 224373 | 1.870701 | 11.127924 |
| CTIVP® - Principal Large Cap Growth Class 1 Shares | 47336.324 | 1122310 | 3858857 | 37 | 3858894 | 1118568 | 3.093802 | 3.551075 |
| Davis Equity | 495207.700 | 3220475 | 3104952 | (49) | 3104903 | 652391 | 4.076526 | 6.583683 |
| Federated Hermes Government Money II Service Shares | 2122006.788 | 2122006 | 2122007 | (148) | 2121859 | 2090941 | 0.881706 | 9.512161 |
| Federated Hermes High Income Bond II Primary Shares | 237639.844 | 1376349 | 1373558 | 26 | 1373584 | 442115 | 1.505886 | 11.897186 |
| Federated Hermes Kaufmann II Primary Shares | 76108.207 | 1399434 | 1484110 | 18 | 1484128 | 242580 | 3.574093 | 19.576584 |
| Federated Hermes Kaufmann II Service Shares | 52262.771 | 858388 | 906236 | (2) | 906234 | 190334 | 4.034887 | 18.935238 |
| Federated Hermes Managed Volatility II Primary Shares | 62809.910 | 606376 | 653223 | (7) | 653216 | 254795 | 2.155102 | 14.323725 |
| Federated Hermes Managed Volatility II Service Shares | 24877.346 | 247926 | 264446 | (2) | 264444 | 191405 | 1.305775 | 13.788622 |
| Federated Hermes Quality Bond II Primary Shares | 8920.855 | 95564 | 94383 | 9 | 94392 | 53100 | 1.493775 | 10.333751 |
| Fidelity® VIP Asset Manager 50% Initial Class | 44889.522 | 685149 | 790953 | 28 | 790981 | 201554 | 1.499615 | 15.465292 |
| Fidelity® VIP Asset Manager 70% Initial Class | 10309.555 | 204981 | 266708 | (14) | 266694 | 59461 | 1.554380 | 4.573938 |
| Fidelity® VIP Balanced Initial Class | 89257.053 | 1856641 | 2366204 | (23) | 2366181 | 388175 | 2.410572 | 6.255003 |
| Fidelity® VIP Balanced Service Class 2 | 17606.127 | 366036 | 448076 | (4) | 448072 | 85267 | 3.623342 | 20.821910 |
| Fidelity® VIP Contrafund® Initial Class | 187585.806 | 8126345 | 11234514 | (26) | 11234488 | 732633 | 4.772072 | 15.884560 |
| Fidelity® VIP Contrafund® Service Class 2 | 170896.674 | 7900862 | 9717185 | 69 | 9717254 | 1398097 | 4.789548 | 34.594747 |
| Fidelity® VIP Equity-Income Initial Class | 132454.562 | 3092883 | 3898138 | 7 | 3898145 | 579537 | 2.468463 | 20.102000 |

---

*See accompanying notes*

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Subaccount** | **Number of Shares** | **Cost** | **Assets at Market Value** | **Due (to)/from General Account** | **Net Assets** | **Units Outstanding** | **Range of Unit Values** | **Range of Unit Values** |
| Fidelity® VIP Equity-Income Service Class 2 | 209625.470 | $4760590 | $5896764 | $69 | $5896833 | 1376531 | $3.079867 | $21.952402 |
| Fidelity® VIP Government Money Market Initial Class | 513904.040 | 513904 | 513904 | (33) | 513871 | 384434 | 0.626800 | 9.761528 |
| Fidelity® VIP Government Money Market Service Class 2 | 168917.320 | 168917 | 168917 | (15) | 168902 | 155374 | 0.875565 | 1.117332 |
| Fidelity® VIP Growth Initial Class | 82583.814 | 7294657 | 8070090 | (42) | 8070048 | 639457 | 3.440716 | 13.228241 |
| Fidelity® VIP Growth Service Class 2 | 28163.176 | 2377260 | 2615796 | (11) | 2615785 | 428195 | 4.995372 | 42.750063 |
| Fidelity® VIP Growth & Income Initial Class | 97583.753 | 2310735 | 3254418 | 7 | 3254425 | 396624 | 2.738382 | 8.774723 |
| Fidelity® VIP Growth & Income Service Class 2 | 13379.253 | 311515 | 428002 | 29 | 428031 | 87597 | 4.396314 | 24.363298 |
| Fidelity® VIP Growth Opportunities Initial Class | 41303.795 | 2006099 | 4117575 | 25 | 4117600 | 344799 | 4.193821 | 12.310577 |
| Fidelity® VIP Growth Opportunities Service Class | 22781.242 | 1251449 | 2257621 | 49 | 2257670 | 196505 | 9.933574 | 12.889831 |
| Fidelity® VIP Growth Opportunities Service Class 2 | 11643.192 | 490793 | 1122404 | 51 | 1122455 | 125465 | 6.603511 | 47.585523 |
| Fidelity® VIP High Income Initial Class | 138187.294 | 703597 | 674354 | (7) | 674347 | 268069 | 1.164781 | 12.077842 |
| Fidelity® VIP High Income Service Class | 99408.953 | 499539 | 481139 | 4 | 481143 | 177877 | 1.262694 | 2.977642 |
| Fidelity® VIP High Income Service Class 2 | 43286.285 | 211111 | 199550 | 20 | 199570 | 86675 | 2.072415 | 11.837339 |
| Fidelity® VIP Index 500 Initial Class | 29319.847 | 8246642 | 19354911 | 243 | 19355154 | 2025999 | 2.963130 | 27.887023 |
| Fidelity® VIP Index 500 Service Class 2 | 2202.443 | 790455 | 1432050 | (49) | 1432001 | 173828 | 5.712384 | 27.265664 |
| Fidelity® VIP Investment Grade Bond Initial Class | 226943.947 | 2887112 | 2578083 | 4 | 2578087 | 1225434 | 1.037529 | 10.042440 |
| Fidelity® VIP Investment Grade Bond Service Class 2 | 36408.703 | 449459 | 399403 | 8 | 399411 | 214572 | 1.166967 | 9.819614 |
| Fidelity® VIP Mid Cap Initial Class | 100458.018 | 3616043 | 3768180 | (3) | 3768177 | 295963 | 3.472110 | 14.005487 |
| Fidelity® VIP Mid Cap Service Class 2 | 165482.177 | 5762750 | 5820008 | (30) | 5819978 | 841598 | 2.757349 | 21.043631 |
| Fidelity® VIP Overseas Initial Class | 29343.921 | 649024 | 807545 | (7) | 807538 | 224605 | 1.299582 | 18.195964 |
| Fidelity® VIP Value Strategies Service Class 2 | 141854.243 | 2105377 | 2293783 | (46) | 2293737 | 459375 | 3.205979 | 22.035728 |
| Franklin Income Class 2 Shares | 8758.611 | 128969 | 132781 | (8) | 132773 | 59199 | 2.118405 | 15.849825 |
| Franklin Mutual Shares Class 2 Shares | 182358.093 | 2945975 | 2935965 | (93) | 2935872 | 856157 | 2.038879 | 15.795100 |
| Franklin Rising Dividends Class 2 Shares | 50788.811 | 1320555 | 1424118 | (8) | 1424110 | 241084 | 2.469334 | 6.612239 |
| Franklin Small Cap Value Class 2 Shares | 68997.810 | 947979 | 957000 | 16 | 957016 | 155028 | 2.870462 | 15.488004 |
| Franklin Small-Mid Cap Growth Class 2 Shares | 232083.144 | 3291487 | 3321110 | 21 | 3321131 | 723807 | 2.541500 | 19.468293 |
| Franklin Templeton Developing Markets Class 2 Shares | 53277.948 | 452479 | 643598 | (19) | 643579 | 163203 | 1.319649 | 5.420671 |
| Franklin Templeton Foreign Class 2 Shares | 95548.900 | 1314018 | 1549803 | 16 | 1549819 | 700668 | 1.404534 | 14.582863 |
| Invesco V.I. American Franchise Series I Shares | 21917.463 | 1281845 | 1775315 | 2 | 1775317 | 344193 | 4.745367 | 30.829798 |
| Invesco V.I. American Franchise Series II Shares | 5054.985 | 263459 | 363706 | (61) | 363645 | 72476 | 4.107671 | 33.676098 |
| Invesco V.I. American Value Series II Shares | 24650.210 | 383439 | 437788 | 2 | 437790 | 25256 | 16.249338 | 17.893515 |
| Invesco V.I. Comstock Series II Shares | 50924.000 | 905640 | 1084172 | 12 | 1084184 | 223466 | 4.050808 | 20.194519 |
| Invesco V.I. Core Equity Series II Shares | 33405.697 | 996114 | 1194588 | (36) | 1194552 | 297736 | 2.201472 | 21.346866 |
| Invesco V.I. Discovery Large Cap Series I Shares | 119300.405 | 5543457 | 7545751 | (137) | 7545614 | 1009822 | 5.020854 | 30.606005 |
| Invesco V.I. Discovery Large Cap Series II Shares | 10031.475 | 472192 | 594365 | (16) | 594349 | 100067 | 4.210514 | 29.927054 |
| Invesco V.I. Discovery Mid Cap Growth Series II Shares | 1295.471 | 73471 | 82146 | (3) | 82143 | 4933 | 15.554995 | 16.864885 |
| Invesco V.I. Equity and Income Series I Shares | 45976.480 | 798279 | 839990 | (3) | 839987 | 711678 | 1.159744 | 1.183976 |
| Invesco V.I. Equity and Income Series II Shares | 128739.490 | 2162354 | 2332760 | 36 | 2332796 | 621600 | 2.345557 | 15.774139 |
| Invesco V.I. EQV International Equity Series I Shares | 10826.525 | 376376 | 390946 | (6) | 390940 | 128942 | 1.576580 | 3.369579 |
| Invesco V.I. EQV International Equity Series II Shares | 1618.595 | 56197 | 57282 | 2 | 57284 | 13593 | 3.508413 | 14.422634 |
| Invesco V.I. Global Series I Shares | 44716.078 | 1681171 | 1696975 | 43 | 1697018 | 214375 | 2.634477 | 9.896794 |
| Invesco V.I. Global Series II Shares | 1236.466 | 43438 | 44884 | (14) | 44870 | 8416 | 4.504486 | 21.780487 |

---

*See accompanying notes*

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Subaccount** | **Number of Shares** | **Cost** | **Assets at Market Value** | **Due (to)/from General Account** | **Net Assets** | **Units Outstanding** | **Range of Unit Values** | **Range of Unit Values** |
| Invesco V.I. Global Strategic Income Series I Shares | 212306.077 | $1018431 | $970239 | $(2) | $970237 | 426494 | $1.048757 | $10.149555 |
| Invesco V.I. Global Strategic Income Series II Shares | 68236.846 | 340851 | 322078 |  | 322078 | 183011 | 0.987737 | 9.926559 |
| Invesco V.I. Government Securities Series I Shares | 18677.976 | 215906 | 198920 | 12 | 198932 | 123476 | 0.990192 | 1.635494 |
| Invesco V.I. Government Securities Series II Shares | 20331.968 | 229980 | 214299 | (5) | 214294 | 173272 | 0.888014 | 1.371774 |
| Invesco V.I. Main Street Series I Shares | 164838.819 | 3226918 | 3651180 | (14) | 3651166 | 623352 | 3.326438 | 6.388426 |
| Invesco V.I. Main Street Series II Shares | 29844.367 | 600565 | 640162 | 5 | 640167 | 107292 | 4.159411 | 22.588634 |
| Invesco V.I. Main Street Mid Cap Series II Shares | 23633.465 | 242742 | 248151 | (11) | 248140 | 61105 | 3.122504 | 16.774089 |
| Invesco V.I. Main Street Small Cap Series II Shares | 1703.838 | 43232 | 47213 |  | 47213 | 6542 | 4.980982 | 17.781901 |
| Janus Henderson - Balanced Service Shares | 49637.732 | 1846555 | 2952452 | (14) | 2952438 | 687313 | 4.295589 | 19.227822 |
| Janus Henderson - Enterprise Service Shares | 16814.364 | 1092066 | 1233334 | (1) | 1233333 | 388288 | 2.889820 | 25.516739 |
| Janus Henderson - Forty Service Shares | 4874.706 | 192732 | 252851 | 11 | 252862 | 41814 | 6.047307 | 34.047302 |
| Janus Henderson - Global Research Service Shares | 21114.497 | 966642 | 1613570 | 28 | 1613598 | 649729 | 2.255420 | 28.605655 |
| Janus Henderson - Mid Cap Value Service Shares | 7380.109 | 114562 | 123838 | (9) | 123829 | 36132 | 2.299555 | 14.371635 |
| Janus Henderson - Overseas Service Shares | 18877.130 | 554519 | 1000865 | 16 | 1000881 | 445703 | 2.214989 | 20.202139 |
| Janus Henderson - Research Service Shares | 15801.173 | 590552 | 967664 | (39) | 967625 | 247700 | 3.906234 | 33.502341 |
| LVIP JPMorgan Core Bond Standard Shares | 167450.790 | 1641248 | 1667140 | 5 | 1667145 | 1006230 | 1.310141 | 2.132381 |
| LVIP JPMorgan Mid Cap Value Standard Shares | 87276.151 | 825880 | 786533 |  | 786533 | 141551 | 3.858375 | 7.589274 |
| LVIP JPMorgan U.S. Equity Standard Shares | 27223.358 | 966067 | 1343963 | (3) | 1343960 | 262038 | 4.591415 | 6.355091 |
| MFS® Core Equity Initial Class | 1128.301 | 29210 | 35914 | (2) | 35912 | 11629 | 3.058536 | 25.936870 |
| MFS® Growth Initial Class | 66708.227 | 4142568 | 4526153 | (75) | 4526078 | 487134 | 7.849388 | 32.766516 |
| MFS® Growth Service Class | 23078.399 | 1214825 | 1400397 | 68 | 1400465 | 138694 | 6.283200 | 32.027851 |
| MFS® Massachusetts Investors Growth Stock Initial Class | 2775.480 | 58470 | 62587 | (3) | 62584 | 19230 | 3.230722 | 28.353827 |
| MFS® Massachusetts Investors Growth Stock Service Class | 54261.839 | 1179146 | 1186706 | 11 | 1186717 | 361346 | 2.950884 | 27.528786 |
| MFS® New Discovery Initial Class | 19825.421 | 315460 | 309277 | (15) | 309262 | 83558 | 3.625074 | 20.109999 |
| MFS® New Discovery Service Class | 27488.715 | 392413 | 332613 | 5 | 332618 | 59406 | 2.811004 | 21.954799 |
| MFS® Research Initial Class | 52792.457 | 1560675 | 1609642 | (38) | 1609604 | 257547 | 4.628588 | 24.537851 |
| MFS® Research Service Class | 36589.633 | 1067818 | 1091835 | (75) | 1091760 | 165661 | 4.510242 | 23.984645 |
| MFS® Total Return Initial Class | 207884.860 | 4858064 | 4849954 | 21 | 4849975 | 1323785 | 2.159850 | 4.173271 |
| MFS® Total Return Service Class | 78845.486 | 1801656 | 1785062 | 1 | 1785063 | 614462 | 2.427930 | 16.660402 |
| MFS® Total Return Bond Initial Class | 9816.164 | 127945 | 115634 | (8) | 115626 | 54928 | 2.083593 | 10.017194 |
| MFS® Total Return Bond Service Class | 66961.261 | 831540 | 772733 | (2) | 772731 | 484624 | 1.341592 | 9.729245 |
| MFS® Utilities Initial Class | 109649.237 | 3480996 | 4137066 | 7 | 4137073 | 593347 | 3.353569 | 17.853323 |
| MFS® Utilities Service Class | 21614.559 | 676788 | 795848 | (12) | 795836 | 107335 | 4.412020 | 17.462374 |
| Putnam VT Core Equity Class IB Shares | 16.439 | 279 | 388 | 16 | 404 | 83 | 4.684143 | 28.936491 |
| Putnam VT Diversified Income Class IB Shares | 43100.655 | 230362 | 203004 | 1 | 203005 | 104550 | 0.982195 | 10.208805 |
| Putnam VT Focused International Equity Class IB Shares | 54550.712 | 785437 | 1040828 | 93 | 1040921 | 331431 | 2.820332 | 4.731079 |
| Putnam VT George Putnam Balanced Class IB Shares | 50187.858 | 528644 | 852692 | (14) | 852678 | 245515 | 2.132425 | 19.302375 |
| Putnam VT Global Health Care Class IB Shares | 8896.863 | 138434 | 149556 | 1 | 149557 | 38340 | 2.106931 | 20.230573 |
| Putnam VT Government Money Market Class IB Shares | 2693588.271 | 2693588 | 2693588 | (184) | 2693404 | 2587473 | 0.794002 | 1.155372 |
| Putnam VT Income Class IB Shares | 18224.632 | 194172 | 149260 | 4 | 149264 | 78755 | 1.830005 | 9.463694 |
| Putnam VT International Equity Class IB Shares | 2603.865 | 35380 | 51583 | (19) | 51564 | 21362 | 2.382579 | 17.983509 |
| Putnam VT Large Cap Growth Class IB Shares | 47997.572 | 541367 | 843797 | 52 | 843849 | 196042 | 3.383619 | 10.226983 |

---

*See accompanying notes*

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Subaccount** | **Number of Shares** | **Cost** | **Assets at Market Value** | **Due (to)/from General Account** | **Net Assets** | **Units Outstanding** | **Range of Unit Values** | **Range of Unit Values** |
| Putnam VT Large Cap Value Class IB Shares | 98469.207 | $2483419 | $3514366 | $(43) | $3514323 | 485435 | $3.891099 | $26.991043 |
| Putnam VT Research Class IB Shares | 5497.273 | 130807 | 260351 | (23) | 260328 | 42027 | 5.513811 | 29.288430 |
| Putnam VT Sustainable Leaders Class IB Shares | 40.719 | 1220 | 1885 | (25) | 1860 | 218 | 8.548892 | 28.862624 |
| TA Aegon Bond Initial Class | 632513.913 | 6749400 | 6008882 | 10 | 6008892 | 3829101 | 0.906732 | 9.657199 |
| TA Aegon Bond Service Class | 275397.657 | 2937528 | 2588738 | 38 | 2588776 | 1630519 | 0.985001 | 10.548343 |
| TA Aegon Core Bond Initial Class | 126476.027 | 1529750 | 1386177 | (1) | 1386176 | 867353 | 0.909238 | 1.801098 |
| TA Aegon High Yield Bond Initial Class | 312319.368 | 2206853 | 2201852 | 8 | 2201860 | 800190 | 1.342488 | 12.387886 |
| TA Aegon High Yield Bond Service Class | 40230.069 | 301034 | 290863 | 12 | 290875 | 110430 | 2.295822 | 13.528256 |
| TA Aegon Sustainable Equity Income Initial Class | 467775.374 | 8900830 | 10599790 | 134 | 10599924 | 3528794 | 2.090292 | 14.027289 |
| TA Aegon Sustainable Equity Income Service Class | 76976.827 | 1451230 | 1748914 | 24 | 1748938 | 549699 | 2.256920 | 15.312978 |
| TA Aegon U.S. Government Securities Initial Class | 242774.759 | 2237444 | 2177690 | (19) | 2177671 | 1679036 | 1.064372 | 9.023517 |
| TA Aegon U.S. Government Securities Service Class | 131965.018 | 1356527 | 1236512 | (30) | 1236482 | 941169 | 1.077564 | 9.862910 |
| TA BlackRock Government Money Market Initial Class | 6097663.417 | 6097663 | 6097663 | (722) | 6096941 | 6832814 | 0.748424 | 9.743664 |
| TA BlackRock Government Money Market Service Class | 3089127.951 | 3089128 | 3089128 | (244) | 3088884 | 2922962 | 0.889359 | 10.611715 |
| TA BlackRock iShares Edge 40 Initial Class | 89120.856 | 813702 | 821694 | 9 | 821703 | 379347 | 1.325217 | 12.570727 |
| TA BlackRock iShares Edge 40 Service Class | 28118.542 | 258009 | 257285 | 5 | 257290 | 131671 | 1.560569 | 13.834133 |
| TA BlackRock Real Estate Securities Initial Class | 26013.971 | 273462 | 269765 | (2) | 269763 | 87234 | 1.478159 | 11.553443 |
| TA BlackRock Real Estate Securities Service Class | 17919.043 | 193438 | 200514 |  | 200514 | 77275 | 1.508394 | 12.650576 |
| TA International Focus Initial Class | 91780.403 | 777646 | 701202 | 35 | 701237 | 386964 | 1.243688 | 10.541698 |
| TA International Focus Service Class | 100224.268 | 809707 | 743664 |  | 743664 | 280678 | 1.699304 | 14.906155 |
| TA Janus Mid-Cap Growth Initial Class | 260919.870 | 8518514 | 8237240 | (63) | 8237177 | 1537244 | 2.759642 | 23.148487 |
| TA Janus Mid-Cap Growth Service Class | 13115.775 | 389472 | 367766 | (24) | 367742 | 75445 | 4.025883 | 25.289236 |
| TA JPMorgan Asset Allocation - Conservative Initial Class | 953697.851 | 9291560 | 9050593 | (17) | 9050576 | 4279728 | 1.342124 | 12.363037 |
| TA JPMorgan Asset Allocation - Conservative Service Class | 1237901.836 | 11953438 | 11574382 | 71 | 11574453 | 5540551 | 1.276903 | 13.505293 |
| TA JPMorgan Asset Allocation - Moderate Initial Class | 1394242.566 | 15828213 | 16452062 | (92) | 16451970 | 6436376 | 1.469394 | 13.980920 |
| TA JPMorgan Asset Allocation - Moderate Service Class | 2788052.615 | 30462968 | 32229888 | 595 | 32230483 | 12530618 | 1.961341 | 13.660291 |
| TA JPMorgan Asset Allocation - Moderate Growth Initial Class | 2154179.209 | 24425502 | 26237903 | 12 | 26237915 | 8468440 | 1.743157 | 16.273696 |
| TA JPMorgan Asset Allocation - Moderate Growth Service Class | 6302766.074 | 68805570 | 75002916 | 72 | 75002988 | 25076627 | 2.283825 | 17.768302 |
| TA JPMorgan Diversified Equity Allocation Initial Class | 596388.863 | 6506457 | 7979683 | (4) | 7979679 | 1937771 | 2.418613 | 21.680662 |
| TA JPMorgan Diversified Equity Allocation Service Class | 618332.252 | 6836979 | 8118702 | (17) | 8118685 | 1948177 | 2.775963 | 21.182425 |
| TA JPMorgan Enhanced Index Initial Class | 379761.367 | 9754142 | 11100425 | (76) | 11100349 | 2429848 | 2.820956 | 22.889769 |
| TA JPMorgan Enhanced Index Service Class | 26164.395 | 574814 | 757983 | (10) | 757973 | 110116 | 5.475393 | 30.310650 |
| TA JPMorgan International Moderate Growth Initial Class | 25050.579 | 249033 | 261027 | 10 | 261037 | 164900 | 1.419792 | 13.879440 |
| TA JPMorgan International Moderate Growth Service Class | 483806.491 | 4523371 | 4983207 | 29 | 4983236 | 3078506 | 1.351589 | 15.165349 |
| TA JPMorgan Tactical Allocation Initial Class | 34324.155 | 470945 | 451363 | (19) | 451344 | 228968 | 1.207597 | 11.803571 |
| TA JPMorgan Tactical Allocation Service Class | 26402.669 | 377668 | 374126 | (9) | 374117 | 214884 | 1.276356 | 11.479212 |
| TA Multi-Managed Balanced Initial Class | 146147.799 | 2341885 | 2352980 | (6) | 2352974 | 535757 | 2.612392 | 18.612487 |
| TA Multi-Managed Balanced Service Class | 1049307.911 | 15658313 | 16253780 | (14) | 16253766 | 4108284 | 3.557272 | 20.408322 |
| TA Small/Mid Cap Value Initial Class | 172978.049 | 3291044 | 3341936 | (9) | 3341927 | 312194 | 2.454386 | 22.756575 |
| TA T. Rowe Price Small Cap Initial Class | 152210.657 | 1793550 | 1768688 |  | 1768688 | 355535 | 3.149864 | 15.737291 |
| TA T. Rowe Price Small Cap Service Class | 78267.568 | 810511 | 750586 | 20 | 750606 | 130618 | 4.564788 | 20.981757 |
| TA TSW International Equity Initial Class | 40130.349 | 547775 | 715123 | 41 | 715164 | 384335 | 1.787205 | 13.400843 |

---

*See accompanying notes*

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Subaccount** | **Number of Shares** | **Cost** | **Assets at Market Value** | **Due (to)/from General Account** | **Net Assets** | **Units Outstanding** | **Range of Unit Values** | **Range of Unit Values** |
| TA TSW International Equity Service Class | 24826.977 | $331892 | $436955 | $(20) | $436935 | 158325 | $1.865964 | $17.919804 |
| TA TSW Mid Cap Value Opportunities Initial Class | 118167.677 | 1610897 | 1249032 | 10 | 1249042 | 275189 | 2.690459 | 15.781863 |
| TA WMC US Growth Initial Class | 1153493.124 | 40066149 | 48285222 | 78 | 48285300 | 10126764 | 3.872713 | 35.033545 |
| TA WMC US Growth Service Class | 151937.569 | 5018976 | 5899736 | (11) | 5899725 | 744198 | 5.607995 | 38.264481 |

---

*See accompanying notes*

---

| | | | |
|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Subaccount** | **Net Assets Representing: Accumulation Units** | **Net Assets Representing: Contracts in Payout (Annuitization) Period** | **Total Net Assets** |
| AB Large Cap Growth Class B Shares | $2896068 | $- | $2896068 |
| AB Relative Value Class B Shares | 1875573 | 164916 | 2040489 |
| AB Sustainable Global Thematic Growth Class B Shares | 678933 | 64209 | 743142 |
| Allspring VT Discovery All Cap Growth Class 1 Shares | 1330310 | 25437 | 1355747 |
| Allspring VT Discovery All Cap Growth Class 2 Shares | 184442 | 7766 | 192208 |
| Allspring VT Opportunity Class 1 Shares | 1472329 | 128760 | 1601089 |
| Allspring VT Opportunity Class 2 Shares | 64092 |  | 64092 |
| Allspring VT Small Cap Growth Class 1 Shares | 717156 | 80608 | 797764 |
| Allspring VT Small Cap Growth Class 2 Shares | 92063 |  | 92063 |
| BNY Mellon Small Cap Initial Shares | 1227337 |  | 1227337 |
| BNY Mellon Stock Index Initial Shares | 1761095 | 6903 | 1767998 |
| BNY Mellon Stock Index Service Shares |  | 29154 | 29154 |
| BNY Mellon Sustainable U.S. Equity Initial Shares | 243927 |  | 243927 |
| BNY Mellon VIF Appreciation Initial Shares | 1868696 |  | 1868696 |
| BNY Mellon VIF Government Money Market | 665031 | 12243 | 677274 |
| BNY Mellon VIF Growth and Income Initial Shares | 1094305 | 5613 | 1099918 |
| Columbia - Acorn | 922240 |  | 922240 |
| Columbia - Dividend Opportunity Class 1 Shares | 798043 | 48243 | 846286 |
| Columbia - Income Opportunity Class 1 Shares | 992832 | 40892 | 1033724 |
| Columbia - Large Cap Growth Class 1 Shares | 4450439 | 257819 | 4708258 |
| Columbia - Overseas Core Class 2 Shares | 1376382 | 189468 | 1565850 |
| Columbia - Select Mid Cap Growth Class 1 Shares | 1240087 | 75182 | 1315269 |
| Columbia - Select Mid Cap Value Class 1 Shares | 121425 | 16242 | 137667 |
| Columbia - Small Cap Value Class 1 Shares | 799584 | 11228 | 810812 |
| Columbia - Small Company Growth Class 1 Shares | 19004 | 8099 | 27103 |
| Columbia - Strategic Income Class 1 Shares | 495516 | 8180 | 503696 |
| CTIVP® - Principal Large Cap Growth Class 1 Shares | 3695345 | 163549 | 3858894 |
| Davis Equity | 3004841 | 100062 | 3104903 |
| Federated Hermes Government Money II Service Shares | 2097558 | 24301 | 2121859 |
| Federated Hermes High Income Bond II Primary Shares | 1359152 | 14432 | 1373584 |
| Federated Hermes Kaufmann II Primary Shares | 1355043 | 129085 | 1484128 |
| Federated Hermes Kaufmann II Service Shares | 906234 |  | 906234 |
| Federated Hermes Managed Volatility II Primary Shares | 649994 | 3222 | 653216 |
| Federated Hermes Managed Volatility II Service Shares | 264444 |  | 264444 |
| Federated Hermes Quality Bond II Primary Shares | 94392 |  | 94392 |
| Fidelity® VIP Asset Manager 50% Initial Class | 777605 | 13376 | 790981 |
| Fidelity® VIP Asset Manager 70% Initial Class | 266694 |  | 266694 |
| Fidelity® VIP Balanced Initial Class | 2346144 | 20037 | 2366181 |
| Fidelity® VIP Balanced Service Class 2 | 340038 | 108034 | 448072 |
| Fidelity® VIP Contrafund® Initial Class | 11163855 | 70633 | 11234488 |
| Fidelity® VIP Contrafund® Service Class 2 | 9538383 | 178871 | 9717254 |

---

*See accompanying notes*

---

| | | | |
|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Subaccount** | **Net Assets Representing: Accumulation Units** | **Net Assets Representing: Contracts in Payout (Annuitization) Period** | **Total Net Assets** |
| Fidelity® VIP Equity-Income Initial Class | $3812655 | $85490 | $3898145 |
| Fidelity® VIP Equity-Income Service Class 2 | 5833510 | 63323 | 5896833 |
| Fidelity® VIP Government Money Market Initial Class | 308647 | 205224 | 513871 |
| Fidelity® VIP Government Money Market Service Class 2 | 109359 | 59543 | 168902 |
| Fidelity® VIP Growth Initial Class | 7824033 | 246015 | 8070048 |
| Fidelity® VIP Growth Service Class 2 | 2558729 | 57056 | 2615785 |
| Fidelity® VIP Growth & Income Initial Class | 3064970 | 189455 | 3254425 |
| Fidelity® VIP Growth & Income Service Class 2 | 428031 |  | 428031 |
| Fidelity® VIP Growth Opportunities Initial Class | 4117600 |  | 4117600 |
| Fidelity® VIP Growth Opportunities Service Class | 2166072 | 91598 | 2257670 |
| Fidelity® VIP Growth Opportunities Service Class 2 | 1122455 |  | 1122455 |
| Fidelity® VIP High Income Initial Class | 657616 | 16731 | 674347 |
| Fidelity® VIP High Income Service Class | 481046 | 97 | 481143 |
| Fidelity® VIP High Income Service Class 2 | 193790 | 5780 | 199570 |
| Fidelity® VIP Index 500 Initial Class | 18323538 | 1031616 | 19355154 |
| Fidelity® VIP Index 500 Service Class 2 | 1307597 | 124404 | 1432001 |
| Fidelity® VIP Investment Grade Bond Initial Class | 2477220 | 100867 | 2578087 |
| Fidelity® VIP Investment Grade Bond Service Class 2 | 394081 | 5330 | 399411 |
| Fidelity® VIP Mid Cap Initial Class | 3466986 | 301191 | 3768177 |
| Fidelity® VIP Mid Cap Service Class 2 | 5433747 | 386231 | 5819978 |
| Fidelity® VIP Overseas Initial Class | 787293 | 20245 | 807538 |
| Fidelity® VIP Value Strategies Service Class 2 | 2176824 | 116913 | 2293737 |
| Franklin Income Class 2 Shares | 132773 |  | 132773 |
| Franklin Mutual Shares Class 2 Shares | 2901107 | 34765 | 2935872 |
| Franklin Rising Dividends Class 2 Shares | 1384291 | 39819 | 1424110 |
| Franklin Small Cap Value Class 2 Shares | 946120 | 10896 | 957016 |
| Franklin Small-Mid Cap Growth Class 2 Shares | 3184960 | 136171 | 3321131 |
| Franklin Templeton Developing Markets Class 2 Shares | 618057 | 25522 | 643579 |
| Franklin Templeton Foreign Class 2 Shares | 1525342 | 24477 | 1549819 |
| Invesco V.I. American Franchise Series I Shares | 1775317 |  | 1775317 |
| Invesco V.I. American Franchise Series II Shares | 363645 |  | 363645 |
| Invesco V.I. American Value Series II Shares | 437790 |  | 437790 |
| Invesco V.I. Comstock Series II Shares | 1084184 |  | 1084184 |
| Invesco V.I. Core Equity Series II Shares | 1166850 | 27702 | 1194552 |
| Invesco V.I. Discovery Large Cap Series I Shares | 7302881 | 242733 | 7545614 |
| Invesco V.I. Discovery Large Cap Series II Shares | 543255 | 51094 | 594349 |
| Invesco V.I. Discovery Mid Cap Growth Series II Shares | 82143 |  | 82143 |
| Invesco V.I. Equity and Income Series I Shares | 765194 | 74793 | 839987 |
| Invesco V.I. Equity and Income Series II Shares | 2296782 | 36014 | 2332796 |
| Invesco V.I. EQV International Equity Series I Shares | 361433 | 29507 | 390940 |
| Invesco V.I. EQV International Equity Series II Shares | 57284 |  | 57284 |

---

*See accompanying notes*

---

| | | | |
|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Subaccount** | **Net Assets Representing: Accumulation Units** | **Net Assets Representing: Contracts in Payout (Annuitization) Period** | **Total Net Assets** |
| Invesco V.I. Global Series I Shares | $1417875 | $279143 | $1697018 |
| Invesco V.I. Global Series II Shares | 40148 | 4722 | 44870 |
| Invesco V.I. Global Strategic Income Series I Shares | 961723 | 8514 | 970237 |
| Invesco V.I. Global Strategic Income Series II Shares | 282601 | 39477 | 322078 |
| Invesco V.I. Government Securities Series I Shares | 198315 | 617 | 198932 |
| Invesco V.I. Government Securities Series II Shares | 194205 | 20089 | 214294 |
| Invesco V.I. Main Street Series I Shares | 3429002 | 222164 | 3651166 |
| Invesco V.I. Main Street Series II Shares | 524350 | 115817 | 640167 |
| Invesco V.I. Main Street Mid Cap Series II Shares | 248140 |  | 248140 |
| Invesco V.I. Main Street Small Cap Series II Shares | 37870 | 9343 | 47213 |
| Janus Henderson - Balanced Service Shares | 2944474 | 7964 | 2952438 |
| Janus Henderson - Enterprise Service Shares | 1233333 |  | 1233333 |
| Janus Henderson - Forty Service Shares | 252862 |  | 252862 |
| Janus Henderson - Global Research Service Shares | 1613598 |  | 1613598 |
| Janus Henderson - Mid Cap Value Service Shares | 119210 | 4619 | 123829 |
| Janus Henderson - Overseas Service Shares | 1000236 | 645 | 1000881 |
| Janus Henderson - Research Service Shares | 967625 |  | 967625 |
| LVIP JPMorgan Core Bond Standard Shares |  | 1667145 | 1667145 |
| LVIP JPMorgan Mid Cap Value Standard Shares |  | 786533 | 786533 |
| LVIP JPMorgan U.S. Equity Standard Shares |  | 1343960 | 1343960 |
| MFS® Core Equity Initial Class | 35912 |  | 35912 |
| MFS® Growth Initial Class | 3848299 | 677779 | 4526078 |
| MFS® Growth Service Class | 1400465 |  | 1400465 |
| MFS® Massachusetts Investors Growth Stock Initial Class | 62584 |  | 62584 |
| MFS® Massachusetts Investors Growth Stock Service Class | 1150355 | 36362 | 1186717 |
| MFS® New Discovery Initial Class | 154717 | 154545 | 309262 |
| MFS® New Discovery Service Class | 332618 |  | 332618 |
| MFS® Research Initial Class | 1515849 | 93755 | 1609604 |
| MFS® Research Service Class | 1086320 | 5440 | 1091760 |
| MFS® Total Return Initial Class | 4828949 | 21026 | 4849975 |
| MFS® Total Return Service Class | 1753868 | 31195 | 1785063 |
| MFS® Total Return Bond Initial Class | 111489 | 4137 | 115626 |
| MFS® Total Return Bond Service Class | 772731 |  | 772731 |
| MFS® Utilities Initial Class | 4052755 | 84318 | 4137073 |
| MFS® Utilities Service Class | 764154 | 31682 | 795836 |
| Putnam VT Core Equity Class IB Shares | 404 |  | 404 |
| Putnam VT Diversified Income Class IB Shares | 192917 | 10088 | 203005 |
| Putnam VT Focused International Equity Class IB Shares | 994700 | 46221 | 1040921 |
| Putnam VT George Putnam Balanced Class IB Shares | 850118 | 2560 | 852678 |
| Putnam VT Global Health Care Class IB Shares | 106839 | 42718 | 149557 |
| Putnam VT Government Money Market Class IB Shares | 2412588 | 280816 | 2693404 |

---

*See accompanying notes*

---

| | | | |
|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Subaccount** | **Net Assets Representing: Accumulation Units** | **Net Assets Representing: Contracts in Payout (Annuitization) Period** | **Total Net Assets** |
| Putnam VT Income Class IB Shares | $149264 | $- | $149264 |
| Putnam VT International Equity Class IB Shares | 51564 |  | 51564 |
| Putnam VT Large Cap Growth Class IB Shares | 783318 | 60531 | 843849 |
| Putnam VT Large Cap Value Class IB Shares | 3418061 | 96262 | 3514323 |
| Putnam VT Research Class IB Shares | 260328 |  | 260328 |
| Putnam VT Sustainable Leaders Class IB Shares | 1860 |  | 1860 |
| TA Aegon Bond Initial Class | 5674663 | 334229 | 6008892 |
| TA Aegon Bond Service Class | 2588088 | 688 | 2588776 |
| TA Aegon Core Bond Initial Class | 937468 | 448708 | 1386176 |
| TA Aegon High Yield Bond Initial Class | 1961195 | 240665 | 2201860 |
| TA Aegon High Yield Bond Service Class | 290875 |  | 290875 |
| TA Aegon Sustainable Equity Income Initial Class | 9696773 | 903151 | 10599924 |
| TA Aegon Sustainable Equity Income Service Class | 1748938 |  | 1748938 |
| TA Aegon U.S. Government Securities Initial Class | 1602505 | 575166 | 2177671 |
| TA Aegon U.S. Government Securities Service Class | 1236482 |  | 1236482 |
| TA BlackRock Government Money Market Initial Class | 1204907 | 4892034 | 6096941 |
| TA BlackRock Government Money Market Service Class | 3088884 |  | 3088884 |
| TA BlackRock iShares Edge 40 Initial Class | 776159 | 45544 | 821703 |
| TA BlackRock iShares Edge 40 Service Class | 257290 |  | 257290 |
| TA BlackRock Real Estate Securities Initial Class | 266688 | 3075 | 269763 |
| TA BlackRock Real Estate Securities Service Class | 200514 |  | 200514 |
| TA International Focus Initial Class | 671913 | 29324 | 701237 |
| TA International Focus Service Class | 743664 |  | 743664 |
| TA Janus Mid-Cap Growth Initial Class | 7577403 | 659774 | 8237177 |
| TA Janus Mid-Cap Growth Service Class | 367742 |  | 367742 |
| TA JPMorgan Asset Allocation - Conservative Initial Class | 7994087 | 1056489 | 9050576 |
| TA JPMorgan Asset Allocation - Conservative Service Class | 11357185 | 217268 | 11574453 |
| TA JPMorgan Asset Allocation - Moderate Initial Class | 15439135 | 1012835 | 16451970 |
| TA JPMorgan Asset Allocation - Moderate Service Class | 30858460 | 1372023 | 32230483 |
| TA JPMorgan Asset Allocation - Moderate Growth Initial Class | 25541398 | 696517 | 26237915 |
| TA JPMorgan Asset Allocation - Moderate Growth Service Class | 72197985 | 2805003 | 75002988 |
| TA JPMorgan Diversified Equity Allocation Initial Class | 7525024 | 454655 | 7979679 |
| TA JPMorgan Diversified Equity Allocation Service Class | 7146979 | 971706 | 8118685 |
| TA JPMorgan Enhanced Index Initial Class | 9501295 | 1599054 | 11100349 |
| TA JPMorgan Enhanced Index Service Class | 757973 |  | 757973 |
| TA JPMorgan International Moderate Growth Initial Class | 261037 |  | 261037 |
| TA JPMorgan International Moderate Growth Service Class | 4982376 | 860 | 4983236 |
| TA JPMorgan Tactical Allocation Initial Class | 428869 | 22475 | 451344 |
| TA JPMorgan Tactical Allocation Service Class | 370583 | 3534 | 374117 |
| TA Multi-Managed Balanced Initial Class | 2219531 | 133443 | 2352974 |
| TA Multi-Managed Balanced Service Class | 16253766 |  | 16253766 |

---

*See accompanying notes*

---

| | | | |
|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** | **Statements of Assets and Liabilities** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Subaccount** | **Net Assets Representing: Accumulation Units** | **Net Assets Representing: Contracts in Payout (Annuitization) Period** | **Total Net Assets** |
| TA Small/Mid Cap Value Initial Class | $3298388 | $43539 | $3341927 |
| TA T. Rowe Price Small Cap Initial Class | 1636809 | 131879 | 1768688 |
| TA T. Rowe Price Small Cap Service Class | 750606 |  | 750606 |
| TA TSW International Equity Initial Class | 623053 | 92111 | 715164 |
| TA TSW International Equity Service Class | 436935 |  | 436935 |
| TA TSW Mid Cap Value Opportunities Initial Class | 622474 | 626568 | 1249042 |
| TA WMC US Growth Initial Class | 46261916 | 2023384 | 48285300 |
| TA WMC US Growth Service Class | 5891264 | 8461 | 5899725 |

---

*See accompanying notes*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | AB Large Cap Growth Class B Shares | AB Relative Value Class B Shares | AB Sustainable Global Thematic Growth Class B Shares | Allspring VT Discovery All Cap Growth Class 1 Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$2656726** | **$2067196** | **$788692** | **$1153057** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 25594 |  |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 39238 | 34961 | 12155 | 17670 |
| Net Investment Income (Loss) | (39238) | (9367) | (12155) | (17670) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 120295 | 72015 | 2431 | 54640 |
| Realized Gain (Loss) on Investments | 203026 | 25130 | 34380 | 15980 |
| Net Realized Capital Gains (Losses) on Investments | 323321 | 97145 | 36811 | 70620 |
| Net Change in Unrealized Appreciation (Depreciation) | 275955 | 147332 | 11742 | 161674 |
| Net Gain (Loss) on Investment | 599276 | 244477 | 48553 | 232294 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 560038 | 235110 | 36398 | 214624 |
| Increase (Decrease) in Net Assets from Contract Transactions | (402775) | (270976) | (83664) | (129446) |
| Total Increase (Decrease) in Net Assets | 157263 | (35866) | (47266) | 85178 |
| **Net Assets as of December 31, 2024:** | **$2813989** | **$2031330** | **$741426** | **$1238235** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 17647 |  |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 40104 | 32419 | 11243 | 18648 |
| Net Investment Income (Loss) | (40104) | (14772) | (11243) | (18648) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 272888 | 164784 | 97301 | 427566 |
| Realized Gain (Loss) on Investments | 102547 | 33017 | 15768 | (208) |
| Net Realized Capital Gains (Losses) on Investments | 375435 | 197801 | 113069 | 427358 |
| Net Change in Unrealized Appreciation (Depreciation) | (36928) | (21638) | (70592) | (239769) |
| Net Gain (Loss) on Investment | 338507 | 176163 | 42477 | 187589 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 298403 | 161391 | 31234 | 168941 |
| Increase (Decrease) in Net Assets from Contract Transactions | (216324) | (152232) | (29518) | (51429) |
| Total Increase (Decrease) in Net Assets | 82079 | 9159 | 1716 | 117512 |
| **Net Assets as of December 31, 2025:** | **$2896068** | **$2040489** | **$743142** | **$1355747** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Allspring VT Discovery All Cap Growth Class 2 Shares | Allspring VT Opportunity Class 1 Shares | Allspring VT Opportunity Class 2 Shares | Allspring VT Small Cap Growth Class 1 Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$202783** | **$1470104** | **$85865** | **$711673** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 4158 | 29 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 2684 | 22619 | 942 | 11249 |
| Net Investment Income (Loss) | (2684) | (18461) | (913) | (11249) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 8068 | 150784 | 6082 |  |
| Realized Gain (Loss) on Investments | 5913 | 18099 | 565 | (12011) |
| Net Realized Capital Gains (Losses) on Investments | 13981 | 168883 | 6647 | (12011) |
| Net Change in Unrealized Appreciation (Depreciation) | 21214 | 41991 | 1970 | 140061 |
| Net Gain (Loss) on Investment | 35195 | 210874 | 8617 | 128050 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 32511 | 192413 | 7704 | 116801 |
| Increase (Decrease) in Net Assets from Contract Transactions | (60787) | (114778) | (28572) | (71907) |
| Total Increase (Decrease) in Net Assets | (28276) | 77635 | (20868) | 44894 |
| **Net Assets as of December 31, 2024:** | **$174507** | **$1547739** | **$64997** | **$756567** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 4683 | 32 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 2632 | 22697 | 925 | 11415 |
| Net Investment Income (Loss) | (2632) | (18014) | (893) | (11415) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 64158 | 160901 | 6488 | 40820 |
| Realized Gain (Loss) on Investments | (1594) | 6559 | (39) | (11691) |
| Net Realized Capital Gains (Losses) on Investments | 62564 | 167460 | 6449 | 29129 |
| Net Change in Unrealized Appreciation (Depreciation) | (36569) | (66931) | (2612) | 40512 |
| Net Gain (Loss) on Investment | 25995 | 100529 | 3837 | 69641 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 23363 | 82515 | 2944 | 58226 |
| Increase (Decrease) in Net Assets from Contract Transactions | (5662) | (29165) | (3849) | (17029) |
| Total Increase (Decrease) in Net Assets | 17701 | 53350 | (905) | 41197 |
| **Net Assets as of December 31, 2025:** | **$192208** | **$1601089** | **$64092** | **$797764** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Allspring VT Small Cap Growth Class 2 Shares | BNY Mellon Small Cap Initial Shares | BNY Mellon Stock Index Initial Shares | BNY Mellon Stock Index Service Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$101202** | **$1285220** | **$1808774** | **$22726** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 8844 | 21699 | 233 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 1094 | 18235 | 25137 | 640 |
| Net Investment Income (Loss) | (1094) | (9391) | (3438) | (407) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  | 125070 | 1531 |
| Realized Gain (Loss) on Investments | (4661) | 6156 | 181416 | 864 |
| Net Realized Capital Gains (Losses) on Investments | (4661) | 6156 | 306486 | 2395 |
| Net Change in Unrealized Appreciation (Depreciation) | 19278 | 43839 | 85041 | 2842 |
| Net Gain (Loss) on Investment | 14617 | 49995 | 391527 | 5237 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 13523 | 40604 | 388089 | 4830 |
| Increase (Decrease) in Net Assets from Contract Transactions | (25944) | (26698) | (360269) | (9) |
| Total Increase (Decrease) in Net Assets | (12421) | 13906 | 27820 | 4821 |
| **Net Assets as of December 31, 2024:** | **$88781** | **$1299126** | **$1836594** | **$27547** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 8381 | 17360 | 216 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 1107 | 17664 | 22896 | 693 |
| Net Investment Income (Loss) | (1107) | (9283) | (5536) | (477) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 5104 |  | 94126 | 1585 |
| Realized Gain (Loss) on Investments | (219) | (3077) | 149421 | 1184 |
| Net Realized Capital Gains (Losses) on Investments | 4885 | (3077) | 243547 | 2769 |
| Net Change in Unrealized Appreciation (Depreciation) | 2850 | 127796 | 12408 | 1487 |
| Net Gain (Loss) on Investment | 7735 | 124719 | 255955 | 4256 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 6628 | 115436 | 250419 | 3779 |
| Increase (Decrease) in Net Assets from Contract Transactions | (3346) | (187225) | (319015) | (2172) |
| Total Increase (Decrease) in Net Assets | 3282 | (71789) | (68596) | 1607 |
| **Net Assets as of December 31, 2025:** | **$92063** | **$1227337** | **$1767998** | **$29154** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | BNY Mellon Sustainable U.S. Equity Initial Shares | BNY Mellon VIF Appreciation Initial Shares | BNY Mellon VIF Government Money Market | BNY Mellon VIF Growth and Income Initial Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$225405** | **$2139486** | **$746426** | **$1051659** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 1341 | 8623 | 30520 | 6318 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 3550 | 28681 | 8944 | 15934 |
| Net Investment Income (Loss) | (2209) | (20058) | 21576 | (9616) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 1596 | 149758 |  | 58021 |
| Realized Gain (Loss) on Investments | 23952 | (35943) |  | 35369 |
| Net Realized Capital Gains (Losses) on Investments | 25548 | 113815 |  | 93390 |
| Net Change in Unrealized Appreciation (Depreciation) | 29002 | 122476 |  | 117027 |
| Net Gain (Loss) on Investment | 54550 | 236291 |  | 210417 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 52341 | 216233 | 21576 | 200801 |
| Increase (Decrease) in Net Assets from Contract Transactions | (62940) | (320740) | (169502) | 117266 |
| Total Increase (Decrease) in Net Assets | (10599) | (104507) | (147926) | 318067 |
| **Net Assets as of December 31, 2024:** | **$214806** | **$2034979** | **$598500** | **$1369726** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 562 | 7399 | 25773 | 5956 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 3122 | 28404 | 9178 | 19199 |
| Net Investment Income (Loss) | (2560) | (21005) | 16595 | (13243) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 17967 | 309351 |  | 109431 |
| Realized Gain (Loss) on Investments | 2020 | (46033) |  | 150894 |
| Net Realized Capital Gains (Losses) on Investments | 19987 | 263318 |  | 260325 |
| Net Change in Unrealized Appreciation (Depreciation) | 13442 | (72534) |  | (44753) |
| Net Gain (Loss) on Investment | 33429 | 190784 |  | 215572 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 30869 | 169779 | 16595 | 202329 |
| Increase (Decrease) in Net Assets from Contract Transactions | (1748) | (336062) | 62179 | (472137) |
| Total Increase (Decrease) in Net Assets | 29121 | (166283) | 78774 | (269808) |
| **Net Assets as of December 31, 2025:** | **$243927** | **$1868696** | **$677274** | **$1099918** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Columbia - Acorn | Columbia - Dividend Opportunity Class 1 Shares | Columbia - Income Opportunity Class 1 Shares | Columbia - Large Cap Growth Class 1 Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$996623** | **$790279** | **$1148887** | **$3896627** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  |  | 58442 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 12812 | 10825 | 15045 | 61265 |
| Net Investment Income (Loss) | (12812) | (10825) | 43397 | (61265) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  |  |
| Realized Gain (Loss) on Investments | (45811) | 70611 | (68561) | 571779 |
| Net Realized Capital Gains (Losses) on Investments | (45811) | 70611 | (68561) | 571779 |
| Net Change in Unrealized Appreciation (Depreciation) | 180459 | 43285 | 71767 | 581940 |
| Net Gain (Loss) on Investment | 134648 | 113896 | 3206 | 1153719 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 121836 | 103071 | 46603 | 1092454 |
| Increase (Decrease) in Net Assets from Contract Transactions | (99080) | (96091) | (190268) | (671345) |
| Total Increase (Decrease) in Net Assets | 22756 | 6980 | (143665) | 421109 |
| **Net Assets as of December 31, 2024:** | **$1019379** | **$797259** | **$1005222** | **$4317736** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  |  | 20409 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 11620 | 10835 | 14186 | 62639 |
| Net Investment Income (Loss) | (11620) | (10835) | 6223 | (62639) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  |  |
| Realized Gain (Loss) on Investments | (27227) | 49240 | (9413) | 218015 |
| Net Realized Capital Gains (Losses) on Investments | (27227) | 49240 | (9413) | 218015 |
| Net Change in Unrealized Appreciation (Depreciation) | 68973 | 70394 | 74582 | 448566 |
| Net Gain (Loss) on Investment | 41746 | 119634 | 65169 | 666581 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 30126 | 108799 | 71392 | 603942 |
| Increase (Decrease) in Net Assets from Contract Transactions | (127265) | (59772) | (42890) | (213420) |
| Total Increase (Decrease) in Net Assets | (97139) | 49027 | 28502 | 390522 |
| **Net Assets as of December 31, 2025:** | **$922240** | **$846286** | **$1033724** | **$4708258** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Columbia - Overseas Core Class 2 Shares | Columbia - Select Mid Cap Growth Class 1 Shares | Columbia - Select Mid Cap Value Class 1 Shares | Columbia - Small Cap Value Class 1 Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$1244861** | **$1118978** | **$209417** | **$825906** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 52571 |  |  | 5989 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 18554 | 16575 | 3073 | 10176 |
| Net Investment Income (Loss) | 34017 | (16575) | (3073) | (4187) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  | 34973 |
| Realized Gain (Loss) on Investments | (879) | 111974 | 32195 | (17334) |
| Net Realized Capital Gains (Losses) on Investments | (879) | 111974 | 32195 | 17639 |
| Net Change in Unrealized Appreciation (Depreciation) | (11315) | 132890 | (7768) | 44433 |
| Net Gain (Loss) on Investment | (12194) | 244864 | 24427 | 62072 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 21823 | 228289 | 21354 | 57885 |
| Increase (Decrease) in Net Assets from Contract Transactions | (49192) | (145930) | (43569) | (81737) |
| Total Increase (Decrease) in Net Assets | (27369) | 82359 | (22215) | (23852) |
| **Net Assets as of December 31, 2024:** | **$1217492** | **$1201337** | **$187202** | **$802054** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 24463 |  |  | 9340 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 20596 | 17944 | 2142 | 9798 |
| Net Investment Income (Loss) | 3867 | (17944) | (2142) | (458) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  | 129105 |
| Realized Gain (Loss) on Investments | 13971 | 47364 | 42035 | (16308) |
| Net Realized Capital Gains (Losses) on Investments | 13971 | 47364 | 42035 | 112797 |
| Net Change in Unrealized Appreciation (Depreciation) | 408345 | 130853 | (23522) | (9096) |
| Net Gain (Loss) on Investment | 422316 | 178217 | 18513 | 103701 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 426183 | 160273 | 16371 | 103243 |
| Increase (Decrease) in Net Assets from Contract Transactions | (77825) | (46341) | (65906) | (94485) |
| Total Increase (Decrease) in Net Assets | 348358 | 113932 | (49535) | 8758 |
| **Net Assets as of December 31, 2025:** | **$1565850** | **$1315269** | **$137667** | **$810812** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Columbia - Small Company Growth Class 1 Shares | Columbia - Strategic Income Class 1 Shares | CTIVP® - Principal Large Cap Growth Class 1 Shares | Davis Equity |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$23046** | **$542053** | **$3313989** | **$2796569** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 561 | 24957 |  | 28709 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 391 | 7068 | 47178 | 38403 |
| Net Investment Income (Loss) | 170 | 17889 | (47178) | (9694) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  | 534709 |
| Realized Gain (Loss) on Investments | (1500) | (6080) | 231527 | (164522) |
| Net Realized Capital Gains (Losses) on Investments | (1500) | (6080) | 231527 | 370187 |
| Net Change in Unrealized Appreciation (Depreciation) | 6184 | 6935 | 440766 | 40541 |
| Net Gain (Loss) on Investment | 4684 | 855 | 672293 | 410728 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 4854 | 18744 | 625115 | 401034 |
| Increase (Decrease) in Net Assets from Contract Transactions | (2604) | (25668) | (293577) | (554541) |
| Total Increase (Decrease) in Net Assets | 2250 | (6924) | 331538 | (153507) |
| **Net Assets as of December 31, 2024:** | **$25296** | **$535129** | **$3645527** | **$2643062** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 23439 |  | 29405 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 400 | 6654 | 50486 | 39692 |
| Net Investment Income (Loss) | (400) | 16785 | (50486) | (10287) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 3222 |  |  | 445281 |
| Realized Gain (Loss) on Investments | 480 | (7547) | 194796 | (60736) |
| Net Realized Capital Gains (Losses) on Investments | 3702 | (7547) | 194796 | 384545 |
| Net Change in Unrealized Appreciation (Depreciation) | 1243 | 20715 | 289836 | 269691 |
| Net Gain (Loss) on Investment | 4945 | 13168 | 484632 | 654236 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 4545 | 29953 | 434146 | 643949 |
| Increase (Decrease) in Net Assets from Contract Transactions | (2738) | (61386) | (220779) | (182108) |
| Total Increase (Decrease) in Net Assets | 1807 | (31433) | 213367 | 461841 |
| **Net Assets as of December 31, 2025:** | **$27103** | **$503696** | **$3858894** | **$3104903** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Federated Hermes Government Money II Service Shares | Federated Hermes High Income Bond II Primary Shares | Federated Hermes Kaufmann II Primary Shares | Federated Hermes Kaufmann II Service Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$2388332** | **$1580801** | **$1473569** | **$964856** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 107208 | 86461 | 12065 | 6479 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 32766 | 22012 | 22206 | 12079 |
| Net Investment Income (Loss) | 74442 | 64449 | (10141) | (5600) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  | 39814 | 30215 |
| Realized Gain (Loss) on Investments |  | (30788) | (1919) | (98) |
| Net Realized Capital Gains (Losses) on Investments |  | (30788) | 37895 | 30117 |
| Net Change in Unrealized Appreciation (Depreciation) |  | 38432 | 180113 | 115999 |
| Net Gain (Loss) on Investment |  | 7644 | 218008 | 146116 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 74442 | 72093 | 207867 | 140516 |
| Increase (Decrease) in Net Assets from Contract Transactions | (214271) | (151096) | (211686) | (155210) |
| Total Increase (Decrease) in Net Assets | (139829) | (79003) | (3819) | (14694) |
| **Net Assets as of December 31, 2024:** | **$2248503** | **$1501798** | **$1469750** | **$950162** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 79634 | 87766 |  |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 30163 | 20317 | 22240 | 11350 |
| Net Investment Income (Loss) | 49471 | 67449 | (22240) | (11350) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  | 149682 | 103936 |
| Realized Gain (Loss) on Investments |  | (35357) | 14209 | (24371) |
| Net Realized Capital Gains (Losses) on Investments |  | (35357) | 163891 | 79565 |
| Net Change in Unrealized Appreciation (Depreciation) |  | 61354 | (4148) | 20280 |
| Net Gain (Loss) on Investment |  | 25997 | 159743 | 99845 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 49471 | 93446 | 137503 | 88495 |
| Increase (Decrease) in Net Assets from Contract Transactions | (176115) | (221660) | (123125) | (132423) |
| Total Increase (Decrease) in Net Assets | (126644) | (128214) | 14378 | (43928) |
| **Net Assets as of December 31, 2025:** | **$2121859** | **$1373584** | **$1484128** | **$906234** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Federated Hermes Managed Volatility II Primary Shares | Federated Hermes Managed Volatility II Service Shares | Federated Hermes Quality Bond II Primary Shares | Fidelity® VIP Asset Manager 50% Initial Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$692707** | **$271735** | **$95228** | **$841818** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 16232 | 5333 | 2825 | 17939 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 9874 | 3361 | 1286 | 10626 |
| Net Investment Income (Loss) | 6358 | 1972 | 1539 | 7313 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  | 5192 |
| Realized Gain (Loss) on Investments | 9120 | (2790) | (304) | 11331 |
| Net Realized Capital Gains (Losses) on Investments | 9120 | (2790) | (304) | 16523 |
| Net Change in Unrealized Appreciation (Depreciation) | 79725 | 36881 | 1105 | 29565 |
| Net Gain (Loss) on Investment | 88845 | 34091 | 801 | 46088 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 95203 | 36063 | 2340 | 53401 |
| Increase (Decrease) in Net Assets from Contract Transactions | (140941) | (29744) | (3613) | (161562) |
| Total Increase (Decrease) in Net Assets | (45738) | 6319 | (1273) | (108161) |
| **Net Assets as of December 31, 2024:** | **$646969** | **$278054** | **$93955** | **$733657** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 18229 | 7053 | 3174 | 19056 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 8670 | 3280 | 1274 | 10439 |
| Net Investment Income (Loss) | 9559 | 3773 | 1900 | 8617 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 11121 | 4682 |  | 34395 |
| Realized Gain (Loss) on Investments | (65) | (607) | (215) | 13091 |
| Net Realized Capital Gains (Losses) on Investments | 11056 | 4075 | (215) | 47486 |
| Net Change in Unrealized Appreciation (Depreciation) | 14841 | 6399 | 3544 | 39244 |
| Net Gain (Loss) on Investment | 25897 | 10474 | 3329 | 86730 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 35456 | 14247 | 5229 | 95347 |
| Increase (Decrease) in Net Assets from Contract Transactions | (29209) | (27857) | (4792) | (38023) |
| Total Increase (Decrease) in Net Assets | 6247 | (13610) | 437 | 57324 |
| **Net Assets as of December 31, 2025:** | **$653216** | **$264444** | **$94392** | **$790981** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Fidelity® VIP Asset Manager 70% Initial Class | Fidelity® VIP Balanced Initial Class | Fidelity® VIP Balanced Service Class 2 | Fidelity® VIP Contrafund® Initial Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$455607** | **$2109889** | **$290938** | **$8566992** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 6298 | 40850 | 5024 | 18122 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 5409 | 29750 | 3937 | 130643 |
| Net Investment Income (Loss) | 889 | 11100 | 1087 | (112521) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 5293 | 70304 | 10000 | 1145721 |
| Realized Gain (Loss) on Investments | 37227 | 68477 | 18901 | 444380 |
| Net Realized Capital Gains (Losses) on Investments | 42520 | 138781 | 28901 | 1590101 |
| Net Change in Unrealized Appreciation (Depreciation) | (5497) | 145114 | 8468 | 1139166 |
| Net Gain (Loss) on Investment | 37023 | 283895 | 37369 | 2729267 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 37912 | 294995 | 38456 | 2616746 |
| Increase (Decrease) in Net Assets from Contract Transactions | (138091) | (113349) | (28534) | (999894) |
| Total Increase (Decrease) in Net Assets | (100179) | 181646 | 9922 | 1616852 |
| **Net Assets as of December 31, 2024:** | **$355428** | **$2291535** | **$300860** | **$10183844** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 4680 | 38919 | 6478 | 14695 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 4270 | 30324 | 6028 | 141020 |
| Net Investment Income (Loss) | 410 | 8595 | 450 | (126325) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 12266 | 110935 | 15785 | 1688035 |
| Realized Gain (Loss) on Investments | 38465 | 93529 | 4694 | 511815 |
| Net Realized Capital Gains (Losses) on Investments | 50731 | 204464 | 20479 | 2199850 |
| Net Change in Unrealized Appreciation (Depreciation) | 129 | 86635 | 40919 | (143142) |
| Net Gain (Loss) on Investment | 50860 | 291099 | 61398 | 2056708 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 51270 | 299694 | 61848 | 1930383 |
| Increase (Decrease) in Net Assets from Contract Transactions | (140004) | (225048) | 85364 | (879739) |
| Total Increase (Decrease) in Net Assets | (88734) | 74646 | 147212 | 1050644 |
| **Net Assets as of December 31, 2025:** | **$266694** | **$2366181** | **$448072** | **$11234488** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Fidelity® VIP Contrafund® Service Class 2 | Fidelity® VIP Equity-Income Initial Class | Fidelity® VIP Equity-Income Service Class 2 | Fidelity® VIP Government Money Market Initial Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$8839127** | **$3344616** | **$5655911** | **$688437** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 3479 | 61608 | 86808 | 32221 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 165933 | 47190 | 83162 | 8483 |
| Net Investment Income (Loss) | (162454) | 14418 | 3646 | 23738 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 1345560 | 201708 | 328856 |  |
| Realized Gain (Loss) on Investments | 549181 | 69453 | 204262 |  |
| Net Realized Capital Gains (Losses) on Investments | 1894741 | 271161 | 533118 |  |
| Net Change in Unrealized Appreciation (Depreciation) | 1055917 | 160618 | 176086 |  |
| Net Gain (Loss) on Investment | 2950658 | 431779 | 709204 |  |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 2788204 | 446197 | 712850 | 23738 |
| Increase (Decrease) in Net Assets from Contract Transactions | (60679) | (282860) | (910672) | (79662) |
| Total Increase (Decrease) in Net Assets | 2727525 | 163337 | (197822) | (55924) |
| **Net Assets as of December 31, 2024:** | **$11566652** | **$3507953** | **$5458089** | **$632513** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 66280 | 91955 | 23525 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 168862 | 48713 | 82808 | 7560 |
| Net Investment Income (Loss) | (168862) | 17567 | 9147 | 15965 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 1613910 | 204683 | 325531 |  |
| Realized Gain (Loss) on Investments | 1390095 | 78149 | 140737 |  |
| Net Realized Capital Gains (Losses) on Investments | 3004005 | 282832 | 466268 |  |
| Net Change in Unrealized Appreciation (Depreciation) | (821176) | 291306 | 415223 |  |
| Net Gain (Loss) on Investment | 2182829 | 574138 | 881491 |  |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 2013967 | 591705 | 890638 | 15965 |
| Increase (Decrease) in Net Assets from Contract Transactions | (3863365) | (201513) | (451894) | (134607) |
| Total Increase (Decrease) in Net Assets | (1849398) | 390192 | 438744 | (118642) |
| **Net Assets as of December 31, 2025:** | **$9717254** | **$3898145** | **$5896833** | **$513871** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Fidelity® VIP Government Money Market Service Class 2 | Fidelity® VIP Growth Initial Class | Fidelity® VIP Growth Service Class 2 | Fidelity® VIP Growth & Income Initial Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$197920** | **$6652419** | **$2728272** | **$2800685** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 9006 | 65 |  | 41896 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 2585 | 102150 | 44364 | 40374 |
| Net Investment Income (Loss) | 6421 | (102085) | (44364) | 1522 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 1622553 | 659933 | 191461 |
| Realized Gain (Loss) on Investments |  | 419807 | 246491 | 192650 |
| Net Realized Capital Gains (Losses) on Investments |  | 2042360 | 906424 | 384111 |
| Net Change in Unrealized Appreciation (Depreciation) |  | (96175) | (117346) | 160658 |
| Net Gain (Loss) on Investment |  | 1946185 | 789078 | 544769 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 6421 | 1844100 | 744714 | 546291 |
| Increase (Decrease) in Net Assets from Contract Transactions | (20173) | (788184) | (428913) | (372446) |
| Total Increase (Decrease) in Net Assets | (13752) | 1055916 | 315801 | 173845 |
| **Net Assets as of December 31, 2024:** | **$184168** | **$7708335** | **$3044073** | **$2974530** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 6710 | 22268 | 1249 | 47298 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 2389 | 104437 | 36975 | 41723 |
| Net Investment Income (Loss) | 4321 | (82169) | (35726) | 5575 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 990880 | 343467 | 286477 |
| Realized Gain (Loss) on Investments |  | 309447 | 154400 | 120222 |
| Net Realized Capital Gains (Losses) on Investments |  | 1300327 | 497867 | 406699 |
| Net Change in Unrealized Appreciation (Depreciation) |  | (226669) | (199888) | 146719 |
| Net Gain (Loss) on Investment |  | 1073658 | 297979 | 553418 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 4321 | 991489 | 262253 | 558993 |
| Increase (Decrease) in Net Assets from Contract Transactions | (19587) | (629776) | (690541) | (279098) |
| Total Increase (Decrease) in Net Assets | (15266) | 361713 | (428288) | 279895 |
| **Net Assets as of December 31, 2025:** | **$168902** | **$8070048** | **$2615785** | **$3254425** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Fidelity® VIP Growth & Income Service Class 2 | Fidelity® VIP Growth Opportunities Initial Class | Fidelity® VIP Growth Opportunities Service Class | Fidelity® VIP Growth Opportunities Service Class 2 |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$384533** | **$2935727** | **$1792181** | **$725306** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 5401 |  |  |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 5542 | 45599 | 28899 | 13035 |
| Net Investment Income (Loss) | (141) | (45599) | (28899) | (13035) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 29168 |  |  |  |
| Realized Gain (Loss) on Investments | 10360 | 170212 | 204843 | 19794 |
| Net Realized Capital Gains (Losses) on Investments | 39528 | 170212 | 204843 | 19794 |
| Net Change in Unrealized Appreciation (Depreciation) | 38074 | 920598 | 428440 | 254675 |
| Net Gain (Loss) on Investment | 77602 | 1090810 | 633283 | 274469 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 77461 | 1045211 | 604384 | 261434 |
| Increase (Decrease) in Net Assets from Contract Transactions | (19516) | (242382) | (340515) | (16892) |
| Total Increase (Decrease) in Net Assets | 57945 | 802829 | 263869 | 244542 |
| **Net Assets as of December 31, 2024:** | **$442478** | **$3738556** | **$2056050** | **$969848** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 5366 |  |  |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 5462 | 52319 | 30198 | 15223 |
| Net Investment Income (Loss) | (96) | (52319) | (30198) | (15223) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 39352 | 61172 | 31276 | 14106 |
| Realized Gain (Loss) on Investments | 36173 | 285741 | 84800 | 35106 |
| Net Realized Capital Gains (Losses) on Investments | 75525 | 346913 | 116076 | 49212 |
| Net Change in Unrealized Appreciation (Depreciation) | (1634) | 446394 | 285676 | 153150 |
| Net Gain (Loss) on Investment | 73891 | 793307 | 401752 | 202362 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 73795 | 740988 | 371554 | 187139 |
| Increase (Decrease) in Net Assets from Contract Transactions | (88242) | (361944) | (169934) | (34532) |
| Total Increase (Decrease) in Net Assets | (14447) | 379044 | 201620 | 152607 |
| **Net Assets as of December 31, 2025:** | **$428031** | **$4117600** | **$2257670** | **$1122455** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Fidelity® VIP High Income Initial Class | Fidelity® VIP High Income Service Class | Fidelity® VIP High Income Service Class 2 | Fidelity® VIP Index 500 Initial Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$716695** | **$530126** | **$271496** | **$16687219** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 40693 | 27173 | 11422 | 225263 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 9102 | 7114 | 3659 | 253581 |
| Net Investment Income (Loss) | 31591 | 20059 | 7763 | (28318) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  | 10647 |
| Realized Gain (Loss) on Investments | (19799) | (24231) | (11525) | 1860062 |
| Net Realized Capital Gains (Losses) on Investments | (19799) | (24231) | (11525) | 1870709 |
| Net Change in Unrealized Appreciation (Depreciation) | 37933 | 38160 | 23491 | 1840995 |
| Net Gain (Loss) on Investment | 18134 | 13929 | 11966 | 3711704 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 49725 | 33988 | 19729 | 3683386 |
| Increase (Decrease) in Net Assets from Contract Transactions | (77767) | (84414) | (104168) | (1980953) |
| Total Increase (Decrease) in Net Assets | (28042) | (50426) | (84439) | 1702433 |
| **Net Assets as of December 31, 2024:** | **$688653** | **$479700** | **$187057** | **$18389652** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 42601 | 30078 | 12932 | 209996 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 8914 | 6755 | 2658 | 257128 |
| Net Investment Income (Loss) | 33687 | 23323 | 10274 | (47132) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  | 95895 |
| Realized Gain (Loss) on Investments | (9025) | (5489) | (754) | 1480262 |
| Net Realized Capital Gains (Losses) on Investments | (9025) | (5489) | (754) | 1576157 |
| Net Change in Unrealized Appreciation (Depreciation) | 32214 | 22404 | 6798 | 1234523 |
| Net Gain (Loss) on Investment | 23189 | 16915 | 6044 | 2810680 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 56876 | 40238 | 16318 | 2763548 |
| Increase (Decrease) in Net Assets from Contract Transactions | (71182) | (38795) | (3805) | (1798046) |
| Total Increase (Decrease) in Net Assets | (14306) | 1443 | 12513 | 965502 |
| **Net Assets as of December 31, 2025:** | **$674347** | **$481143** | **$199570** | **$19355154** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Fidelity® VIP Index 500 Service Class 2 | Fidelity® VIP Investment Grade Bond Initial Class | Fidelity® VIP Investment Grade Bond Service Class 2 | Fidelity® VIP Mid Cap Initial Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$1546030** | **$3000628** | **$474010** | **$3381581** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 14127 | 96045 | 14329 | 19828 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 21300 | 40523 | 6154 | 50534 |
| Net Investment Income (Loss) | (7173) | 55522 | 8175 | (30706) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 760 |  |  | 463353 |
| Realized Gain (Loss) on Investments | 413233 | (47333) | (10108) | 31288 |
| Net Realized Capital Gains (Losses) on Investments | 413993 | (47333) | (10108) | 494641 |
| Net Change in Unrealized Appreciation (Depreciation) | (75959) | 978 | 3128 | 62763 |
| Net Gain (Loss) on Investment | 338034 | (46355) | (6980) | 557404 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 330861 | 9167 | 1195 | 526698 |
| Increase (Decrease) in Net Assets from Contract Transactions | (709234) | (314685) | (53790) | (191648) |
| Total Increase (Decrease) in Net Assets | (378373) | (305518) | (52595) | 335050 |
| **Net Assets as of December 31, 2024:** | **$1167657** | **$2695110** | **$421415** | **$3716631** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 12261 | 91761 | 13764 | 15433 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 17952 | 37926 | 5595 | 49899 |
| Net Investment Income (Loss) | (5691) | 53835 | 8169 | (34466) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 6512 |  |  | 406407 |
| Realized Gain (Loss) on Investments | 63284 | (27345) | (6969) | 31635 |
| Net Realized Capital Gains (Losses) on Investments | 69796 | (27345) | (6969) | 438042 |
| Net Change in Unrealized Appreciation (Depreciation) | 138183 | 122777 | 21062 | (48963) |
| Net Gain (Loss) on Investment | 207979 | 95432 | 14093 | 389079 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 202288 | 149267 | 22262 | 354613 |
| Increase (Decrease) in Net Assets from Contract Transactions | 62056 | (266290) | (44266) | (303067) |
| Total Increase (Decrease) in Net Assets | 264344 | (117023) | (22004) | 51546 |
| **Net Assets as of December 31, 2025:** | **$1432001** | **$2578087** | **$399411** | **$3768177** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Fidelity® VIP Mid Cap Service Class 2 | Fidelity® VIP Overseas Initial Class | Fidelity® VIP Value Strategies Service Class 2 | Franklin Income Class 2 Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$5991910** | **$753200** | **$2347203** | **$126885** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 20019 | 13134 | 18809 | 6724 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 92381 | 10747 | 37611 | 1329 |
| Net Investment Income (Loss) | (72362) | 2387 | (18802) | 5395 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 786280 | 36386 | 334693 | 551 |
| Realized Gain (Loss) on Investments | 182313 | 13476 | 53087 | (380) |
| Net Realized Capital Gains (Losses) on Investments | 968593 | 49862 | 387780 | 171 |
| Net Change in Unrealized Appreciation (Depreciation) | (10050) | (24675) | (195444) | 2064 |
| Net Gain (Loss) on Investment | 958543 | 25187 | 192336 | 2235 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 886181 | 27574 | 173534 | 7630 |
| Increase (Decrease) in Net Assets from Contract Transactions | (976655) | (11476) | (120941) | (2041) |
| Total Increase (Decrease) in Net Assets | (90474) | 16098 | 52593 | 5589 |
| **Net Assets as of December 31, 2024:** | **$5901436** | **$769298** | **$2399796** | **$132474** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 13711 | 12622 | 17561 | 6338 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 83553 | 10929 | 33770 | 1299 |
| Net Investment Income (Loss) | (69842) | 1693 | (16209) | 5039 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 674607 | 70407 | 90752 | 1332 |
| Realized Gain (Loss) on Investments | 14020 | 41747 | 67060 | (277) |
| Net Realized Capital Gains (Losses) on Investments | 688627 | 112154 | 157812 | 1055 |
| Net Change in Unrealized Appreciation (Depreciation) | (114237) | 27101 | (20873) | 7721 |
| Net Gain (Loss) on Investment | 574390 | 139255 | 136939 | 8776 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 504548 | 140948 | 120730 | 13815 |
| Increase (Decrease) in Net Assets from Contract Transactions | (586006) | (102708) | (226789) | (13516) |
| Total Increase (Decrease) in Net Assets | (81458) | 38240 | (106059) | 299 |
| **Net Assets as of December 31, 2025:** | **$5819978** | **$807538** | **$2293737** | **$132773** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Franklin Mutual Shares Class 2 Shares | Franklin Rising Dividends Class 2 Shares | Franklin Small Cap Value Class 2 Shares | Franklin Small-Mid Cap Growth Class 2 Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$3172048** | **$1374245** | **$970321** | **$3689397** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 60907 | 14528 | 9275 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 44207 | 20694 | 12502 | 51828 |
| Net Investment Income (Loss) | 16700 | (6166) | (3227) | (51828) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 63339 | 69123 | 22924 |  |
| Realized Gain (Loss) on Investments | (64347) | 12442 | (25083) | (134597) |
| Net Realized Capital Gains (Losses) on Investments | (1008) | 81565 | (2159) | (134597) |
| Net Change in Unrealized Appreciation (Depreciation) | 274513 | 50101 | 94494 | 502254 |
| Net Gain (Loss) on Investment | 273505 | 131666 | 92335 | 367657 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 290205 | 125500 | 89108 | 315829 |
| Increase (Decrease) in Net Assets from Contract Transactions | (459222) | (29189) | (111447) | (481604) |
| Total Increase (Decrease) in Net Assets | (169017) | 96311 | (22339) | (165775) |
| **Net Assets as of December 31, 2024:** | **$3003031** | **$1470556** | **$947982** | **$3523622** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 58871 | 11519 | 9942 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 41205 | 19951 | 12039 | 49357 |
| Net Investment Income (Loss) | 17666 | (8432) | (2097) | (49357) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 290061 | 138006 | 77536 | 192954 |
| Realized Gain (Loss) on Investments | (46665) | 14555 | (11072) | (45821) |
| Net Realized Capital Gains (Losses) on Investments | 243396 | 152561 | 66464 | 147133 |
| Net Change in Unrealized Appreciation (Depreciation) | 11454 | (3367) | (8887) | (62996) |
| Net Gain (Loss) on Investment | 254850 | 149194 | 57577 | 84137 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 272516 | 140762 | 55480 | 34780 |
| Increase (Decrease) in Net Assets from Contract Transactions | (339675) | (187208) | (46446) | (237271) |
| Total Increase (Decrease) in Net Assets | (67159) | (46446) | 9034 | (202491) |
| **Net Assets as of December 31, 2025:** | **$2935872** | **$1424110** | **$957016** | **$3321131** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Franklin Templeton Developing Markets Class 2 Shares | Franklin Templeton Foreign Class 2 Shares | Invesco V.I. American Franchise Series I Shares | Invesco V.I. American Franchise Series II Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$449197** | **$1564172** | **$2201123** | **$298755** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 18423 | 36556 |  |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 6808 | 21004 | 32694 | 4474 |
| Net Investment Income (Loss) | 11615 | 15552 | (32694) | (4474) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 3541 |  |  |  |
| Realized Gain (Loss) on Investments | (5688) | 21816 | 143788 | 14214 |
| Net Realized Capital Gains (Losses) on Investments | (2147) | 21816 | 143788 | 14214 |
| Net Change in Unrealized Appreciation (Depreciation) | 16281 | (63497) | 548033 | 83637 |
| Net Gain (Loss) on Investment | 14134 | (41681) | 691821 | 97851 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 25749 | (26129) | 659127 | 93377 |
| Increase (Decrease) in Net Assets from Contract Transactions | (8006) | (191331) | (462790) | (53126) |
| Total Increase (Decrease) in Net Assets | 17743 | (217460) | 196337 | 40251 |
| **Net Assets as of December 31, 2024:** | **$466940** | **$1346712** | **$2397460** | **$339006** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 2917 | 34106 |  |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 7945 | 20298 | 26799 | 4600 |
| Net Investment Income (Loss) | (5028) | 13808 | (26799) | (4600) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 9105 | 95232 | 161557 | 36998 |
| Realized Gain (Loss) on Investments | 5496 | 17822 | 161582 | 4952 |
| Net Realized Capital Gains (Losses) on Investments | 14601 | 113054 | 323139 | 41950 |
| Net Change in Unrealized Appreciation (Depreciation) | 190913 | 223811 | (176367) | (4008) |
| Net Gain (Loss) on Investment | 205514 | 336865 | 146772 | 37942 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 200486 | 350673 | 119973 | 33342 |
| Increase (Decrease) in Net Assets from Contract Transactions | (23847) | (147566) | (742116) | (8703) |
| Total Increase (Decrease) in Net Assets | 176639 | 203107 | (622143) | 24639 |
| **Net Assets as of December 31, 2025:** | **$643579** | **$1549819** | **$1775317** | **$363645** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Invesco V.I. American Value Series II Shares | Invesco V.I. Comstock Series II Shares | Invesco V.I. Core Equity Series II Shares | Invesco V.I. Discovery Large Cap Series I Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$906471** | **$1037741** | **$969008** | **$7412188** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 2900 | 15769 | 5311 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 6571 | 12250 | 15274 | 111990 |
| Net Investment Income (Loss) | (3671) | 3519 | (9963) | (111990) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 8696 | 73966 | 91909 |  |
| Realized Gain (Loss) on Investments | (10456) | 25616 | 4003 | (37110) |
| Net Realized Capital Gains (Losses) on Investments | (1760) | 99582 | 95912 | (37110) |
| Net Change in Unrealized Appreciation (Depreciation) | 128348 | 30951 | 137990 | 2307631 |
| Net Gain (Loss) on Investment | 126588 | 130533 | 233902 | 2270521 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 122917 | 134052 | 223939 | 2158531 |
| Increase (Decrease) in Net Assets from Contract Transactions | (631615) | (133485) | (46244) | (1701276) |
| Total Increase (Decrease) in Net Assets | (508698) | 567 | 177695 | 457255 |
| **Net Assets as of December 31, 2024:** | **$397773** | **$1038308** | **$1146703** | **$7869443** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 883 | 15102 | 4816 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 6070 | 12192 | 16537 | 107262 |
| Net Investment Income (Loss) | (5187) | 2910 | (11721) | (107262) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 63431 | 111913 | 88103 | 877821 |
| Realized Gain (Loss) on Investments | 5574 | 25810 | 18119 | 243606 |
| Net Realized Capital Gains (Losses) on Investments | 69005 | 137723 | 106222 | 1121427 |
| Net Change in Unrealized Appreciation (Depreciation) | 8482 | 14549 | 63571 | (241114) |
| Net Gain (Loss) on Investment | 77487 | 152272 | 169793 | 880313 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 72300 | 155182 | 158072 | 773051 |
| Increase (Decrease) in Net Assets from Contract Transactions | (32283) | (109306) | (110223) | (1096880) |
| Total Increase (Decrease) in Net Assets | 40017 | 45876 | 47849 | (323829) |
| **Net Assets as of December 31, 2025:** | **$437790** | **$1084184** | **$1194552** | **$7545614** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Invesco V.I. Discovery Large Cap Series II Shares | Invesco V.I. Discovery Mid Cap Growth Series II Shares | Invesco V.I. Equity and Income Series I Shares | Invesco V.I. Equity and Income Series II Shares |
|  | Subaccount | Subaccount | Subaccount<sup>(1)</sup> | Subaccount |
| **Net Assets as of December 31, 2023:** | **$533828** | **$120289** | **$-** | **$2403495** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  |  | 16356 | 38361 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 8149 | 1565 | 9305 | 30883 |
| Net Investment Income (Loss) | (8149) | (1565) | 7051 | 7478 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  | 35102 | 93704 |
| Realized Gain (Loss) on Investments | 4593 | (2432) | 7914 | 4333 |
| Net Realized Capital Gains (Losses) on Investments | 4593 | (2432) | 43016 | 98037 |
| Net Change in Unrealized Appreciation (Depreciation) | 159997 | 29247 | 7897 | 140932 |
| Net Gain (Loss) on Investment | 164590 | 26815 | 50913 | 238969 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 156441 | 25250 | 57964 | 246447 |
| Increase (Decrease) in Net Assets from Contract Transactions | (107748) | (19074) | 853375 | (236713) |
| Total Increase (Decrease) in Net Assets | 48693 | 6176 | 911339 | 9734 |
| **Net Assets as of December 31, 2024:** | **$582521** | **$126465** | **$911339** | **$2413229** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  |  | 16893 | 42992 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 8134 | 1419 | 11917 | 29173 |
| Net Investment Income (Loss) | (8134) | (1419) | 4976 | 13819 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 74416 | 11105 | 42913 | 123348 |
| Realized Gain (Loss) on Investments | 8634 | (11935) | 6717 | 20792 |
| Net Realized Capital Gains (Losses) on Investments | 83050 | (830) | 49630 | 144140 |
| Net Change in Unrealized Appreciation (Depreciation) | (15122) | 5866 | 33815 | 89449 |
| Net Gain (Loss) on Investment | 67928 | 5036 | 83445 | 233589 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 59794 | 3617 | 88421 | 247408 |
| Increase (Decrease) in Net Assets from Contract Transactions | (47966) | (47939) | (159773) | (327841) |
| Total Increase (Decrease) in Net Assets | 11828 | (44322) | (71352) | (80433) |
| **Net Assets as of December 31, 2025:** | **$594349** | **$82143** | **$839987** | **$2332796** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Invesco V.I. EQV International Equity Series I Shares | Invesco V.I. EQV International Equity Series II Shares | Invesco V.I. Global Series I Shares | Invesco V.I. Global Series II Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$386147** | **$57394** | **$1999259** | **$35986** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 6456 | 854 |  |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 5720 | 660 | 31729 | 551 |
| Net Investment Income (Loss) | 736 | 194 | (31729) | (551) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 1919 | 296 | 121660 | 2361 |
| Realized Gain (Loss) on Investments | 2614 | 199 | 28131 | 26 |
| Net Realized Capital Gains (Losses) on Investments | 4533 | 495 | 149791 | 2387 |
| Net Change in Unrealized Appreciation (Depreciation) | (7470) | (1094) | 165035 | 3269 |
| Net Gain (Loss) on Investment | (2937) | (599) | 314826 | 5656 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (2201) | (405) | 283097 | 5105 |
| Increase (Decrease) in Net Assets from Contract Transactions | (33850) | (4061) | (164300) | (874) |
| Total Increase (Decrease) in Net Assets | (36051) | (4466) | 118797 | 4231 |
| **Net Assets as of December 31, 2024:** | **$350096** | **$52928** | **$2118056** | **$40217** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 5393 | 654 |  |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 5704 | 648 | 26192 | 579 |
| Net Investment Income (Loss) | (311) | 6 | (26192) | (579) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 23937 | 3571 | 299584 | 8179 |
| Realized Gain (Loss) on Investments | 1211 | 114 | (40700) | 15 |
| Net Realized Capital Gains (Losses) on Investments | 25148 | 3685 | 258884 | 8194 |
| Net Change in Unrealized Appreciation (Depreciation) | 26204 | 3953 | (69605) | (2321) |
| Net Gain (Loss) on Investment | 51352 | 7638 | 189279 | 5873 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 51041 | 7644 | 163087 | 5294 |
| Increase (Decrease) in Net Assets from Contract Transactions | (10197) | (3288) | (584125) | (641) |
| Total Increase (Decrease) in Net Assets | 40844 | 4356 | (421038) | 4653 |
| **Net Assets as of December 31, 2025:** | **$390940** | **$57284** | **$1697018** | **$44870** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Invesco V.I. Global Strategic Income Series I Shares | Invesco V.I. Global Strategic Income Series II Shares | Invesco V.I. Government Securities Series I Shares | Invesco V.I. Government Securities Series II Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$1145795** | **$339519** | **$246268** | **$234243** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 28596 | 8696 | 5385 | 5357 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 14120 | 4729 | 3041 | 3493 |
| Net Investment Income (Loss) | 14476 | 3967 | 2344 | 1864 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  |  |
| Realized Gain (Loss) on Investments | (40238) | (6776) | (6851) | (2721) |
| Net Realized Capital Gains (Losses) on Investments | (40238) | (6776) | (6851) | (2721) |
| Net Change in Unrealized Appreciation (Depreciation) | 42184 | 6812 | 5791 | 797 |
| Net Gain (Loss) on Investment | 1946 | 36 | (1060) | (1924) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 16422 | 4003 | 1284 | (60) |
| Increase (Decrease) in Net Assets from Contract Transactions | (236408) | (28124) | (40548) | (13669) |
| Total Increase (Decrease) in Net Assets | (219986) | (24121) | (39264) | (13729) |
| **Net Assets as of December 31, 2024:** | **$925809** | **$315398** | **$207004** | **$220514** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 54416 | 16853 | 6045 | 6237 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 13014 | 4594 | 2616 | 3338 |
| Net Investment Income (Loss) | 41402 | 12259 | 3429 | 2899 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  |  |
| Realized Gain (Loss) on Investments | (6505) | (4870) | (2911) | (2731) |
| Net Realized Capital Gains (Losses) on Investments | (6505) | (4870) | (2911) | (2731) |
| Net Change in Unrealized Appreciation (Depreciation) | 67877 | 25982 | 11394 | 11430 |
| Net Gain (Loss) on Investment | 61372 | 21112 | 8483 | 8699 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 102774 | 33371 | 11912 | 11598 |
| Increase (Decrease) in Net Assets from Contract Transactions | (58346) | (26691) | (19984) | (17818) |
| Total Increase (Decrease) in Net Assets | 44428 | 6680 | (8072) | (6220) |
| **Net Assets as of December 31, 2025:** | **$970237** | **$322078** | **$198932** | **$214294** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Invesco V.I. Main Street Series I Shares | Invesco V.I. Main Street Series II Shares | Invesco V.I. Main Street Mid Cap Series II Shares | Invesco V.I. Main Street Small Cap Series II Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$3373909** | **$555931** | **$229710** | **$50016** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  |  | 303 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 51760 | 9476 | 3203 | 817 |
| Net Investment Income (Loss) | (51760) | (9476) | (2900) | (817) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 337197 | 58122 | 6058 | 1786 |
| Realized Gain (Loss) on Investments | (220488) | (32070) | (2993) | 1107 |
| Net Realized Capital Gains (Losses) on Investments | 116709 | 26052 | 3065 | 2893 |
| Net Change in Unrealized Appreciation (Depreciation) | 616781 | 99726 | 34254 | 2970 |
| Net Gain (Loss) on Investment | 733490 | 125778 | 37319 | 5863 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 681730 | 116302 | 34419 | 5046 |
| Increase (Decrease) in Net Assets from Contract Transactions | (534595) | (85531) | (14844) | (6479) |
| Total Increase (Decrease) in Net Assets | 147135 | 30771 | 19575 | (1433) |
| **Net Assets as of December 31, 2024:** | **$3521044** | **$586702** | **$249285** | **$48583** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 18148 | 1957 | 257 | 108 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 50277 | 9559 | 3267 | 774 |
| Net Investment Income (Loss) | (32129) | (7602) | (3010) | (666) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 207568 | 39268 | 24611 | 4797 |
| Realized Gain (Loss) on Investments | (153414) | (10096) | (509) | 1006 |
| Net Realized Capital Gains (Losses) on Investments | 54154 | 29172 | 24102 | 5803 |
| Net Change in Unrealized Appreciation (Depreciation) | 428283 | 58027 | (3087) | (2006) |
| Net Gain (Loss) on Investment | 482437 | 87199 | 21015 | 3797 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 450308 | 79597 | 18005 | 3131 |
| Increase (Decrease) in Net Assets from Contract Transactions | (320186) | (26132) | (19150) | (4501) |
| Total Increase (Decrease) in Net Assets | 130122 | 53465 | (1145) | (1370) |
| **Net Assets as of December 31, 2025:** | **$3651166** | **$640167** | **$248140** | **$47213** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Janus Henderson - Balanced Service Shares | Janus Henderson - Enterprise Service Shares | Janus Henderson - Forty Service Shares | Janus Henderson - Global Research Service Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$2812541** | **$1339930** | **$212630** | **$1286071** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 50666 | 8890 | 26 | 8574 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 40317 | 21007 | 3208 | 23297 |
| Net Investment Income (Loss) | 10349 | (12117) | (3182) | (14723) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 62155 | 15594 | 47349 |
| Realized Gain (Loss) on Investments | 209740 | 41421 | 16226 | 60693 |
| Net Realized Capital Gains (Losses) on Investments | 209740 | 103576 | 31820 | 108042 |
| Net Change in Unrealized Appreciation (Depreciation) | 144708 | 88020 | 25464 | 176142 |
| Net Gain (Loss) on Investment | 354448 | 191596 | 57284 | 284184 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 364797 | 179479 | 54102 | 269461 |
| Increase (Decrease) in Net Assets from Contract Transactions | (403711) | (85524) | (41282) | (88467) |
| Total Increase (Decrease) in Net Assets | (38914) | 93955 | 12820 | 180994 |
| **Net Assets as of December 31, 2024:** | **$2773627** | **$1433885** | **$225450** | **$1467065** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 48346 | 2442 | 616 | 9007 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 39378 | 20444 | 3316 | 24706 |
| Net Investment Income (Loss) | 8968 | (18002) | (2700) | (15699) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 87167 | 116300 | 31566 | 135158 |
| Realized Gain (Loss) on Investments | 108036 | 63023 | 5015 | 98928 |
| Net Realized Capital Gains (Losses) on Investments | 195203 | 179323 | 36581 | 234086 |
| Net Change in Unrealized Appreciation (Depreciation) | 147762 | (81910) | 2852 | 43335 |
| Net Gain (Loss) on Investment | 342965 | 97413 | 39433 | 277421 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 351933 | 79411 | 36733 | 261722 |
| Increase (Decrease) in Net Assets from Contract Transactions | (173122) | (279963) | (9321) | (115189) |
| Total Increase (Decrease) in Net Assets | 178811 | (200552) | 27412 | 146533 |
| **Net Assets as of December 31, 2025:** | **$2952438** | **$1233333** | **$252862** | **$1613598** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Janus Henderson - Mid Cap Value Service Shares | Janus Henderson - Overseas Service Shares | Janus Henderson - Research Service Shares | LVIP JPMorgan Core Bond Standard Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$109730** | **$1012432** | **$811484** | **$2068784** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 988 | 13558 |  | 81627 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 2200 | 14644 | 13191 | 39983 |
| Net Investment Income (Loss) | (1212) | (1086) | (13191) | 41644 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 6236 |  | 28683 |  |
| Realized Gain (Loss) on Investments | 581 | 19343 | 52214 | 1908 |
| Net Realized Capital Gains (Losses) on Investments | 6817 | 19343 | 80897 | 1908 |
| Net Change in Unrealized Appreciation (Depreciation) | 6119 | 25654 | 195978 | (48605) |
| Net Gain (Loss) on Investment | 12936 | 44997 | 276875 | (46697) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 11724 | 43911 | 263684 | (5053) |
| Increase (Decrease) in Net Assets from Contract Transactions | (1428) | (145460) | (121318) | (241747) |
| Total Increase (Decrease) in Net Assets | 10296 | (101549) | 142366 | (246800) |
| **Net Assets as of December 31, 2024:** | **$120026** | **$910883** | **$953850** | **$1821984** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 1718 | 13043 | 1245 | 59643 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 2224 | 13786 | 13317 | 35613 |
| Net Investment Income (Loss) | (506) | (743) | (12072) | 24030 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 11018 |  | 76571 |  |
| Realized Gain (Loss) on Investments | 437 | 40235 | 70555 | 3609 |
| Net Realized Capital Gains (Losses) on Investments | 11455 | 40235 | 147126 | 3609 |
| Net Change in Unrealized Appreciation (Depreciation) | (5799) | 194845 | 14147 | 63381 |
| Net Gain (Loss) on Investment | 5656 | 235080 | 161273 | 66990 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 5150 | 234337 | 149201 | 91020 |
| Increase (Decrease) in Net Assets from Contract Transactions | (1347) | (144339) | (135426) | (245859) |
| Total Increase (Decrease) in Net Assets | 3803 | 89998 | 13775 | (154839) |
| **Net Assets as of December 31, 2025:** | **$123829** | **$1000881** | **$967625** | **$1667145** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | LVIP JPMorgan Mid Cap Value Standard Shares | LVIP JPMorgan U.S. Equity Standard Shares | MFS® Core Equity Initial Class | MFS® Growth Initial Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$963827** | **$1638273** | **$31356** | **$4369992** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 10712 | 7223 | 200 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 19263 | 32319 | 437 | 75423 |
| Net Investment Income (Loss) | (8551) | (25096) | (237) | (75423) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 143132 | 64189 | 1453 | 376324 |
| Realized Gain (Loss) on Investments | 33787 | 154120 | 752 | 315580 |
| Net Realized Capital Gains (Losses) on Investments | 176919 | 218309 | 2205 | 691904 |
| Net Change in Unrealized Appreciation (Depreciation) | (58897) | 117603 | 3688 | 620705 |
| Net Gain (Loss) on Investment | 118022 | 335912 | 5893 | 1312609 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 109471 | 310816 | 5656 | 1237186 |
| Increase (Decrease) in Net Assets from Contract Transactions | (208210) | (521735) | (2475) | (552618) |
| Total Increase (Decrease) in Net Assets | (98739) | (210919) | 3181 | 684568 |
| **Net Assets as of December 31, 2024:** | **$865088** | **$1427354** | **$34537** | **$5054560** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 8801 | 5935 | 159 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 16534 | 27945 | 452 | 71347 |
| Net Investment Income (Loss) | (7733) | (22010) | (293) | (71347) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 85930 | 38201 | 3549 | 823933 |
| Realized Gain (Loss) on Investments | 4269 | 97161 | 710 | 380226 |
| Net Realized Capital Gains (Losses) on Investments | 90199 | 135362 | 4259 | 1204159 |
| Net Change in Unrealized Appreciation (Depreciation) | (60238) | 49108 | (282) | (705178) |
| Net Gain (Loss) on Investment | 29961 | 184470 | 3977 | 498981 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 22228 | 162460 | 3684 | 427634 |
| Increase (Decrease) in Net Assets from Contract Transactions | (100783) | (245854) | (2309) | (956116) |
| Total Increase (Decrease) in Net Assets | (78555) | (83394) | 1375 | (528482) |
| **Net Assets as of December 31, 2025:** | **$786533** | **$1343960** | **$35912** | **$4526078** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MFS® Growth Service Class | MFS® Massachusetts Investors Growth Stock Initial Class | MFS® Massachusetts Investors Growth Stock Service Class | MFS® New Discovery Initial Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$1121680** | **$61095** | **$1180406** | **$322661** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 222 | 1541 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 16923 | 851 | 15770 | 4241 |
| Net Investment Income (Loss) | (16923) | (629) | (14229) | (4241) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 104112 | 5560 | 107225 |  |
| Realized Gain (Loss) on Investments | 74150 | 2228 | 40974 | (19212) |
| Net Realized Capital Gains (Losses) on Investments | 178262 | 7788 | 148199 | (19212) |
| Net Change in Unrealized Appreciation (Depreciation) | 157291 | 1566 | 29180 | 40250 |
| Net Gain (Loss) on Investment | 335553 | 9354 | 177379 | 21038 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 318630 | 8725 | 163150 | 16797 |
| Increase (Decrease) in Net Assets from Contract Transactions | (135881) | (5258) | (146899) | (30497) |
| Total Increase (Decrease) in Net Assets | 182749 | 3467 | 16251 | (13700) |
| **Net Assets as of December 31, 2024:** | **$1304429** | **$64562** | **$1196657** | **$308961** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 171 | 200 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 17586 | 835 | 14971 | 3956 |
| Net Investment Income (Loss) | (17586) | (664) | (14771) | (3956) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 264292 | 9008 | 173090 |  |
| Realized Gain (Loss) on Investments | 27504 | 2480 | 13768 | (16111) |
| Net Realized Capital Gains (Losses) on Investments | 291796 | 11488 | 186858 | (16111) |
| Net Change in Unrealized Appreciation (Depreciation) | (140842) | (5699) | (79705) | 54478 |
| Net Gain (Loss) on Investment | 150954 | 5789 | 107153 | 38367 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 133368 | 5125 | 92382 | 34411 |
| Increase (Decrease) in Net Assets from Contract Transactions | (37332) | (7103) | (102322) | (34110) |
| Total Increase (Decrease) in Net Assets | 96036 | (1978) | (9940) | 301 |
| **Net Assets as of December 31, 2025:** | **$1400465** | **$62584** | **$1186717** | **$309262** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MFS® New Discovery Service Class | MFS® Research Initial Class | MFS® Research Service Class | MFS® Total Return Initial Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$352595** | **$1525586** | **$1017632** | **$5442973** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 9359 | 4117 | 127736 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 5029 | 22745 | 15770 | 74509 |
| Net Investment Income (Loss) | (5029) | (13386) | (11653) | 53227 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 89986 | 64365 | 247286 |
| Realized Gain (Loss) on Investments | (22499) | 39601 | 19701 | 145004 |
| Net Realized Capital Gains (Losses) on Investments | (22499) | 129587 | 84066 | 392290 |
| Net Change in Unrealized Appreciation (Depreciation) | 44629 | 131297 | 94519 | (120768) |
| Net Gain (Loss) on Investment | 22130 | 260884 | 178585 | 271522 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 17101 | 247498 | 166932 | 324749 |
| Increase (Decrease) in Net Assets from Contract Transactions | (46269) | (162941) | (70987) | (729624) |
| Total Increase (Decrease) in Net Assets | (29168) | 84557 | 95945 | (404875) |
| **Net Assets as of December 31, 2024:** | **$323427** | **$1610143** | **$1113577** | **$5038098** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends |  | 14872 | 1614 | 132890 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 4787 | 22643 | 15106 | 68852 |
| Net Investment Income (Loss) | (4787) | (7771) | (13492) | 64038 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 364444 | 251216 | 354355 |
| Realized Gain (Loss) on Investments | (11006) | 62348 | 34907 | 44448 |
| Net Realized Capital Gains (Losses) on Investments | (11006) | 426792 | 286123 | 398803 |
| Net Change in Unrealized Appreciation (Depreciation) | 49158 | (248428) | (160414) | (13815) |
| Net Gain (Loss) on Investment | 38152 | 178364 | 125709 | 384988 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 33365 | 170593 | 112217 | 449026 |
| Increase (Decrease) in Net Assets from Contract Transactions | (24174) | (171132) | (134034) | (637149) |
| Total Increase (Decrease) in Net Assets | 9191 | (539) | (21817) | (188123) |
| **Net Assets as of December 31, 2025:** | **$332618** | **$1609604** | **$1091760** | **$4849975** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MFS® Total Return Service Class | MFS® Total Return Bond Initial Class | MFS® Total Return Bond Service Class | MFS® Utilities Initial Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$2178390** | **$131807** | **$853259** | **$4292583** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 42664 | 5484 | 34064 | 98789 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 29585 | 1736 | 10052 | 60148 |
| Net Investment Income (Loss) | 13079 | 3748 | 24012 | 38641 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 91513 |  |  | 121906 |
| Realized Gain (Loss) on Investments | 24038 | (2493) | (11439) | 81865 |
| Net Realized Capital Gains (Losses) on Investments | 115551 | (2493) | (11439) | 203771 |
| Net Change in Unrealized Appreciation (Depreciation) | (18944) | 300 | (2786) | 177720 |
| Net Gain (Loss) on Investment | 96607 | (2193) | (14225) | 381491 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 109686 | 1555 | 9787 | 420132 |
| Increase (Decrease) in Net Assets from Contract Transactions | (500236) | (14784) | (38240) | (421026) |
| Total Increase (Decrease) in Net Assets | (390550) | (13229) | (28453) | (894) |
| **Net Assets as of December 31, 2024:** | **$1787840** | **$118578** | **$824806** | **$4291689** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 44940 | 5257 | 33716 | 122312 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 26996 | 1600 | 9470 | 58648 |
| Net Investment Income (Loss) | 17944 | 3657 | 24246 | 63664 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 132215 |  |  | 55937 |
| Realized Gain (Loss) on Investments | 3729 | (1615) | (20674) | 129750 |
| Net Realized Capital Gains (Losses) on Investments | 135944 | (1615) | (20674) | 185687 |
| Net Change in Unrealized Appreciation (Depreciation) | 3655 | 4604 | 40406 | 267240 |
| Net Gain (Loss) on Investment | 139599 | 2989 | 19732 | 452927 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 157543 | 6646 | 43978 | 516591 |
| Increase (Decrease) in Net Assets from Contract Transactions | (160320) | (9598) | (96053) | (671207) |
| Total Increase (Decrease) in Net Assets | (2777) | (2952) | (52075) | (154616) |
| **Net Assets as of December 31, 2025:** | **$1785063** | **$115626** | **$772731** | **$4137073** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | MFS® Utilities Service Class | Putnam VT Core Equity Class IB Shares | Putnam VT Diversified Income Class IB Shares | Putnam VT Focused International Equity Class IB Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$735373** | **$283** | **$210135** | **$838551** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 15373 | 2 | 12773 | 13751 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 10871 | 4 | 3192 | 12232 |
| Net Investment Income (Loss) | 4502 | (2) | 9581 | 1519 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 21404 | 17 |  |  |
| Realized Gain (Loss) on Investments | 11861 | 1 | (5639) | 10984 |
| Net Realized Capital Gains (Losses) on Investments | 33265 | 18 | (5639) | 10984 |
| Net Change in Unrealized Appreciation (Depreciation) | 31743 | 52 | 4742 | 2858 |
| Net Gain (Loss) on Investment | 65008 | 70 | (897) | 13842 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 69510 | 68 | 8684 | 15361 |
| Increase (Decrease) in Net Assets from Contract Transactions | (9336) | 2 | (8347) | (47564) |
| Total Increase (Decrease) in Net Assets | 60174 | 70 | 337 | (32203) |
| **Net Assets as of December 31, 2024:** | **$795547** | **$353** | **$210472** | **$806348** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 21807 | 1 | 12265 | 29303 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 11186 | 4 | 3027 | 13322 |
| Net Investment Income (Loss) | 10621 | (3) | 9238 | 15981 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 10875 | 30 |  |  |
| Realized Gain (Loss) on Investments | 22855 | 2 | (9086) | 11454 |
| Net Realized Capital Gains (Losses) on Investments | 33730 | 32 | (9086) | 11454 |
| Net Change in Unrealized Appreciation (Depreciation) | 52602 | 23 | 13467 | 244168 |
| Net Gain (Loss) on Investment | 86332 | 55 | 4381 | 255622 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 96953 | 52 | 13619 | 271603 |
| Increase (Decrease) in Net Assets from Contract Transactions | (96664) | (1) | (21086) | (37030) |
| Total Increase (Decrease) in Net Assets | 289 | 51 | (7467) | 234573 |
| **Net Assets as of December 31, 2025:** | **$795836** | **$404** | **$203005** | **$1040921** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Putnam VT George Putnam Balanced Class IB Shares | Putnam VT Global Health Care Class IB Shares | Putnam VT Government Money Market Class IB Shares | Putnam VT Income Class IB Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$718822** | **$181501** | **$1927227** | **$139479** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 8891 | 1034 | 94220 | 7582 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 11110 | 3573 | 31420 | 1768 |
| Net Investment Income (Loss) | (2219) | (2539) | 62800 | 5814 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 9519 |  |  |
| Realized Gain (Loss) on Investments | 13772 | 1808 |  | (767) |
| Net Realized Capital Gains (Losses) on Investments | 13772 | 11327 |  | (767) |
| Net Change in Unrealized Appreciation (Depreciation) | 96524 | (9181) |  | (3593) |
| Net Gain (Loss) on Investment | 110296 | 2146 |  | (4360) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 108077 | (393) | 62800 | 1454 |
| Increase (Decrease) in Net Assets from Contract Transactions | (23344) | 13058 | 151754 | (8) |
| Total Increase (Decrease) in Net Assets | 84733 | 12665 | 214554 | 1446 |
| **Net Assets as of December 31, 2024:** | **$803555** | **$194166** | **$2141781** | **$140925** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 11608 |  | 79898 | 6903 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 11535 | 2465 | 33176 | 1820 |
| Net Investment Income (Loss) | 73 | (2465) | 46722 | 5083 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 30160 | 9269 |  |  |
| Realized Gain (Loss) on Investments | 24505 | 3416 |  | (798) |
| Net Realized Capital Gains (Losses) on Investments | 54665 | 12685 |  | (798) |
| Net Change in Unrealized Appreciation (Depreciation) | 41232 | 10891 |  | 4057 |
| Net Gain (Loss) on Investment | 95897 | 23576 |  | 3259 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 95970 | 21111 | 46722 | 8342 |
| Increase (Decrease) in Net Assets from Contract Transactions | (46847) | (65720) | 504901 | (3) |
| Total Increase (Decrease) in Net Assets | 49123 | (44609) | 551623 | 8339 |
| **Net Assets as of December 31, 2025:** | **$852678** | **$149557** | **$2693404** | **$149264** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Putnam VT International Equity Class IB Shares | Putnam VT Large Cap Growth Class IB Shares | Putnam VT Large Cap Value Class IB Shares | Putnam VT Research Class IB Shares |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$57853** | **$828647** | **$2932624** | **$181804** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 1273 |  | 35774 | 799 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 774 | 12647 | 45985 | 3126 |
| Net Investment Income (Loss) | 499 | (12647) | (10211) | (2327) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 40232 | 145610 | 1269 |
| Realized Gain (Loss) on Investments | 3305 | 110157 | 59216 | 1974 |
| Net Realized Capital Gains (Losses) on Investments | 3305 | 150389 | 204826 | 3243 |
| Net Change in Unrealized Appreciation (Depreciation) | (2427) | 103871 | 312776 | 43329 |
| Net Gain (Loss) on Investment | 878 | 254260 | 517602 | 46572 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 1377 | 241613 | 507391 | 44245 |
| Increase (Decrease) in Net Assets from Contract Transactions | (15394) | (277108) | (125101) | (872) |
| Total Increase (Decrease) in Net Assets | (14017) | (35495) | 382290 | 43373 |
| **Net Assets as of December 31, 2024:** | **$43836** | **$793152** | **$3314914** | **$225177** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 6 |  | 47486 | 1320 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 691 | 11940 | 46705 | 3498 |
| Net Investment Income (Loss) | (685) | (11940) | 781 | (2178) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 3109 | 74163 | 227148 | 14124 |
| Realized Gain (Loss) on Investments | 2418 | 20345 | 133293 | 2179 |
| Net Realized Capital Gains (Losses) on Investments | 5527 | 94508 | 360441 | 16303 |
| Net Change in Unrealized Appreciation (Depreciation) | 10374 | 15549 | 219398 | 21947 |
| Net Gain (Loss) on Investment | 15901 | 110057 | 579839 | 38250 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 15216 | 98117 | 580620 | 36072 |
| Increase (Decrease) in Net Assets from Contract Transactions | (7488) | (47420) | (381211) | (921) |
| Total Increase (Decrease) in Net Assets | 7728 | 50697 | 199409 | 35151 |
| **Net Assets as of December 31, 2025:** | **$51564** | **$843849** | **$3514323** | **$260328** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Putnam VT Sustainable Leaders Class IB Shares | TA Aegon Bond Initial Class | TA Aegon Bond Service Class | TA Aegon Core Bond Initial Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$9462** | **$6441837** | **$2742477** | **$1438383** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 20 | 244325 | 104256 | 73201 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 131 | 95060 | 28006 | 21658 |
| Net Investment Income (Loss) | (111) | 149265 | 76250 | 51543 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 65 |  |  |  |
| Realized Gain (Loss) on Investments | 344 | (175329) | (68145) | (41134) |
| Net Realized Capital Gains (Losses) on Investments | 409 | (175329) | (68145) | (41134) |
| Net Change in Unrealized Appreciation (Depreciation) | 1679 | 53728 | 10898 | (17648) |
| Net Gain (Loss) on Investment | 2088 | (121601) | (57247) | (58782) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 1977 | 27664 | 19003 | (7239) |
| Increase (Decrease) in Net Assets from Contract Transactions | (863) | (713366) | (165979) | (29300) |
| Total Increase (Decrease) in Net Assets | 1114 | (685702) | (146976) | (36539) |
| **Net Assets as of December 31, 2024:** | **$10576** | **$5756135** | **$2595501** | **$1401844** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 63 | 394218 | 161369 | 36717 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 96 | 95760 | 26925 | 21795 |
| Net Investment Income (Loss) | (33) | 298458 | 134444 | 14922 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 1113 |  |  |  |
| Realized Gain (Loss) on Investments | 1985 | (103583) | (88920) | (31228) |
| Net Realized Capital Gains (Losses) on Investments | 3098 | (103583) | (88920) | (31228) |
| Net Change in Unrealized Appreciation (Depreciation) | (2490) | 119289 | 95658 | 89479 |
| Net Gain (Loss) on Investment | 608 | 15706 | 6738 | 58251 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 575 | 314164 | 141182 | 73173 |
| Increase (Decrease) in Net Assets from Contract Transactions | (9291) | (61407) | (147907) | (88841) |
| Total Increase (Decrease) in Net Assets | (8716) | 252757 | (6725) | (15668) |
| **Net Assets as of December 31, 2025:** | **$1860** | **$6008892** | **$2588776** | **$1386176** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TA Aegon High Yield Bond Initial Class | TA Aegon High Yield Bond Service Class | TA Aegon Sustainable Equity Income Initial Class | TA Aegon Sustainable Equity Income Service Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$2746659** | **$286849** | **$10492913** | **$1633820** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 131772 | 12793 | 223182 | 30897 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 47422 | 2777 | 178352 | 17347 |
| Net Investment Income (Loss) | 84350 | 10016 | 44830 | 13550 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  |  |
| Realized Gain (Loss) on Investments | (54837) | (4000) | 169443 | 11920 |
| Net Realized Capital Gains (Losses) on Investments | (54837) | (4000) | 169443 | 11920 |
| Net Change in Unrealized Appreciation (Depreciation) | 110787 | 10166 | 1319198 | 212979 |
| Net Gain (Loss) on Investment | 55950 | 6166 | 1488641 | 224899 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 140300 | 16182 | 1533471 | 238449 |
| Increase (Decrease) in Net Assets from Contract Transactions | (411026) | (26765) | (1410137) | (148078) |
| Total Increase (Decrease) in Net Assets | (270726) | (10583) | 123334 | 90371 |
| **Net Assets as of December 31, 2024:** | **$2475933** | **$276266** | **$10616247** | **$1724191** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 155879 | 18479 | 184203 | 25465 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 41542 | 2803 | 173453 | 17595 |
| Net Investment Income (Loss) | 114337 | 15676 | 10750 | 7870 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  | 105211 | 17190 |
| Realized Gain (Loss) on Investments | (44470) | (1123) | 84115 | 11589 |
| Net Realized Capital Gains (Losses) on Investments | (44470) | (1123) | 189326 | 28779 |
| Net Change in Unrealized Appreciation (Depreciation) | 75364 | 5055 | 770873 | 115458 |
| Net Gain (Loss) on Investment | 30894 | 3932 | 960199 | 144237 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 145231 | 19608 | 970949 | 152107 |
| Increase (Decrease) in Net Assets from Contract Transactions | (419304) | (4999) | (987272) | (127360) |
| Total Increase (Decrease) in Net Assets | (274073) | 14609 | (16323) | 24747 |
| **Net Assets as of December 31, 2025:** | **$2201860** | **$290875** | **$10599924** | **$1748938** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TA Aegon U.S. Government Securities Initial Class | TA Aegon U.S. Government Securities Service Class | TA BlackRock Government Money Market Initial Class | TA BlackRock Government Money Market Service Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$2159594** | **$2351342** | **$6442315** | **$4043324** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 71331 | 52878 | 326811 | 168255 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 42451 | 21297 | 138651 | 41847 |
| Net Investment Income (Loss) | 28880 | 31581 | 188160 | 126408 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  |  |
| Realized Gain (Loss) on Investments | (50519) | (46410) |  |  |
| Net Realized Capital Gains (Losses) on Investments | (50519) | (46410) |  |  |
| Net Change in Unrealized Appreciation (Depreciation) | (14758) | (1555) |  |  |
| Net Gain (Loss) on Investment | (65277) | (47965) |  |  |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (36397) | (16384) | 188160 | 126408 |
| Increase (Decrease) in Net Assets from Contract Transactions | (213844) | (883108) | (383131) | (829627) |
| Total Increase (Decrease) in Net Assets | (250241) | (899492) | (194971) | (703219) |
| **Net Assets as of December 31, 2024:** | **$1909353** | **$1451850** | **$6247344** | **$3340105** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 87652 | 50513 | 248264 | 120237 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 43822 | 16671 | 131041 | 37665 |
| Net Investment Income (Loss) | 43830 | 33842 | 117223 | 82572 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  |  |
| Realized Gain (Loss) on Investments | (53998) | (19673) |  |  |
| Net Realized Capital Gains (Losses) on Investments | (53998) | (19673) |  |  |
| Net Change in Unrealized Appreciation (Depreciation) | 83392 | 47504 |  |  |
| Net Gain (Loss) on Investment | 29394 | 27831 |  |  |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 73224 | 61673 | 117223 | 82572 |
| Increase (Decrease) in Net Assets from Contract Transactions | 195094 | (277041) | (267626) | (333793) |
| Total Increase (Decrease) in Net Assets | 268318 | (215368) | (150403) | (251221) |
| **Net Assets as of December 31, 2025:** | **$2177671** | **$1236482** | **$6096941** | **$3088884** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TA BlackRock iShares Edge 40 Initial Class | TA BlackRock iShares Edge 40 Service Class | TA BlackRock Real Estate Securities Initial Class | TA BlackRock Real Estate Securities Service Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$1161426** | **$316220** | **$295587** | **$201507** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 30414 | 7558 | 6189 | 3479 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 19811 | 3334 | 4791 | 1770 |
| Net Investment Income (Loss) | 10603 | 4224 | 1398 | 1709 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 16964 | 4678 |  |  |
| Realized Gain (Loss) on Investments | (12793) | (8075) | (7682) | (6395) |
| Net Realized Capital Gains (Losses) on Investments | 4171 | (3397) | (7682) | (6395) |
| Net Change in Unrealized Appreciation (Depreciation) | 39866 | 16372 | 5479 | 4996 |
| Net Gain (Loss) on Investment | 44037 | 12975 | (2203) | (1399) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 54640 | 17199 | (805) | 310 |
| Increase (Decrease) in Net Assets from Contract Transactions | (114086) | (94514) | (32645) | (10707) |
| Total Increase (Decrease) in Net Assets | (59446) | (77315) | (33450) | (10397) |
| **Net Assets as of December 31, 2024:** | **$1101980** | **$238905** | **$262137** | **$191110** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 25251 | 7131 | 4821 | 2776 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 15352 | 2678 | 4386 | 1757 |
| Net Investment Income (Loss) | 9899 | 4453 | 435 | 1019 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 29308 | 9104 |  |  |
| Realized Gain (Loss) on Investments | (20172) | (1857) | (3147) | (5748) |
| Net Realized Capital Gains (Losses) on Investments | 9136 | 7247 | (3147) | (5748) |
| Net Change in Unrealized Appreciation (Depreciation) | 62337 | 13195 | 22347 | 18492 |
| Net Gain (Loss) on Investment | 71473 | 20442 | 19200 | 12744 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 81372 | 24895 | 19635 | 13763 |
| Increase (Decrease) in Net Assets from Contract Transactions | (361649) | (6510) | (12009) | (4359) |
| Total Increase (Decrease) in Net Assets | (280277) | 18385 | 7626 | 9404 |
| **Net Assets as of December 31, 2025:** | **$821703** | **$257290** | **$269763** | **$200514** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TA International Focus Initial Class | TA International Focus Service Class | TA Janus Mid-Cap Growth Initial Class | TA Janus Mid-Cap Growth Service Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$902202** | **$747702** | **$8334812** | **$464567** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 18160 | 15738 | 11599 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 15100 | 6412 | 130579 | 5317 |
| Net Investment Income (Loss) | 3060 | 9326 | (118980) | (5317) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 25007 | 24244 | 518715 | 31137 |
| Realized Gain (Loss) on Investments | (739) | 4082 | 111139 | (359) |
| Net Realized Capital Gains (Losses) on Investments | 24268 | 28326 | 629854 | 30778 |
| Net Change in Unrealized Appreciation (Depreciation) | (39769) | (51208) | 534109 | 33014 |
| Net Gain (Loss) on Investment | (15501) | (22882) | 1163963 | 63792 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (12441) | (13556) | 1044983 | 58475 |
| Increase (Decrease) in Net Assets from Contract Transactions | (180452) | (40175) | (542068) | (30760) |
| Total Increase (Decrease) in Net Assets | (192893) | (53731) | 502915 | 27715 |
| **Net Assets as of December 31, 2024:** | **$709309** | **$693971** | **$8837727** | **$492282** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 12618 | 11437 | 716 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 13354 | 6421 | 122615 | 5142 |
| Net Investment Income (Loss) | (736) | 5016 | (121899) | (5142) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 74688 | 80061 | 935665 | 63162 |
| Realized Gain (Loss) on Investments | 10638 | (2435) | 107515 | (25152) |
| Net Realized Capital Gains (Losses) on Investments | 85326 | 77626 | 1043180 | 38010 |
| Net Change in Unrealized Appreciation (Depreciation) | (52499) | (48339) | (441152) | (6333) |
| Net Gain (Loss) on Investment | 32827 | 29287 | 602028 | 31677 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 32091 | 34303 | 480129 | 26535 |
| Increase (Decrease) in Net Assets from Contract Transactions | (40163) | 15390 | (1080679) | (151075) |
| Total Increase (Decrease) in Net Assets | (8072) | 49693 | (600550) | (124540) |
| **Net Assets as of December 31, 2025:** | **$701237** | **$743664** | **$8237177** | **$367742** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TA JPMorgan Asset Allocation - Conservative Initial Class | TA JPMorgan Asset Allocation - Conservative Service Class | TA JPMorgan Asset Allocation - Moderate Initial Class | TA JPMorgan Asset Allocation - Moderate Service Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$9660945** | **$13949410** | **$16594046** | **$36159275** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 188648 | 232620 | 257192 | 483763 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 148955 | 159638 | 269805 | 421131 |
| Net Investment Income (Loss) | 39693 | 72982 | (12613) | 62632 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  |  |
| Realized Gain (Loss) on Investments | (259682) | (446174) | (98138) | (516382) |
| Net Realized Capital Gains (Losses) on Investments | (259682) | (446174) | (98138) | (516382) |
| Net Change in Unrealized Appreciation (Depreciation) | 597360 | 940521 | 1122587 | 2668672 |
| Net Gain (Loss) on Investment | 337678 | 494347 | 1024449 | 2152290 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 377371 | 567329 | 1011836 | 2214922 |
| Increase (Decrease) in Net Assets from Contract Transactions | (1259702) | (2273030) | (1945270) | (4082709) |
| Total Increase (Decrease) in Net Assets | (882331) | (1705701) | (933434) | (1867787) |
| **Net Assets as of December 31, 2024:** | **$8778614** | **$12243709** | **$15660612** | **$34291488** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 356171 | 437167 | 499536 | 1008640 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 147239 | 142173 | 252324 | 391922 |
| Net Investment Income (Loss) | 208932 | 294994 | 247212 | 616718 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  |  |  |
| Realized Gain (Loss) on Investments | (173131) | (265240) | (81751) | (204842) |
| Net Realized Capital Gains (Losses) on Investments | (173131) | (265240) | (81751) | (204842) |
| Net Change in Unrealized Appreciation (Depreciation) | 705433 | 983990 | 1280722 | 2769502 |
| Net Gain (Loss) on Investment | 532302 | 718750 | 1198971 | 2564660 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 741234 | 1013744 | 1446183 | 3181378 |
| Increase (Decrease) in Net Assets from Contract Transactions | (469272) | (1683000) | (654825) | (5242383) |
| Total Increase (Decrease) in Net Assets | 271962 | (669256) | 791358 | (2061005) |
| **Net Assets as of December 31, 2025:** | **$9050576** | **$11574453** | **$16451970** | **$32230483** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TA JPMorgan Asset Allocation - Moderate Growth Initial Class | TA JPMorgan Asset Allocation - Moderate Growth Service Class | TA JPMorgan Diversified Equity Allocation Initial Class | TA JPMorgan Diversified Equity Allocation Service Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$25888100** | **$82272943** | **$7334962** | **$8125097** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 323028 | 792113 | 104968 | 97128 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 423562 | 962448 | 124502 | 114760 |
| Net Investment Income (Loss) | (100534) | (170335) | (19534) | (17632) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  | 146387 | 161980 |
| Realized Gain (Loss) on Investments | (416556) | (2122901) | (25647) | 3871 |
| Net Realized Capital Gains (Losses) on Investments | (416556) | (2122901) | 120740 | 165851 |
| Net Change in Unrealized Appreciation (Depreciation) | 2861614 | 9704236 | 943001 | 1014885 |
| Net Gain (Loss) on Investment | 2445058 | 7581335 | 1063741 | 1180736 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 2344524 | 7411000 | 1044207 | 1163104 |
| Increase (Decrease) in Net Assets from Contract Transactions | (2210189) | (11356931) | (576076) | (682162) |
| Total Increase (Decrease) in Net Assets | 134335 | (3945931) | 468131 | 480942 |
| **Net Assets as of December 31, 2024:** | **$26022435** | **$78327012** | **$7803093** | **$8606039** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 690451 | 1837528 | 102717 | 106317 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 409149 | 882662 | 119038 | 110687 |
| Net Investment Income (Loss) | 281302 | 954866 | (16321) | (4370) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  | 195366 | 243099 |
| Realized Gain (Loss) on Investments | (111443) | (1281296) | 115264 | 119125 |
| Net Realized Capital Gains (Losses) on Investments | (111443) | (1281296) | 310630 | 362224 |
| Net Change in Unrealized Appreciation (Depreciation) | 2584677 | 8426660 | 892634 | 1013943 |
| Net Gain (Loss) on Investment | 2473234 | 7145364 | 1203264 | 1376167 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 2754536 | 8100230 | 1186943 | 1371797 |
| Increase (Decrease) in Net Assets from Contract Transactions | (2539056) | (11424254) | (1010357) | (1859151) |
| Total Increase (Decrease) in Net Assets | 215480 | (3324024) | 176586 | (487354) |
| **Net Assets as of December 31, 2025:** | **$26237915** | **$75002988** | **$7979679** | **$8118685** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TA JPMorgan Enhanced Index Initial Class | TA JPMorgan Enhanced Index Service Class | TA JPMorgan International Moderate Growth Initial Class | TA JPMorgan International Moderate Growth Service Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$3456144** | **$925230** | **$325972** | **$5635339** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 68835 | 4106 | 7681 | 115728 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 136144 | 8525 | 4170 | 58519 |
| Net Investment Income (Loss) | (67309) | (4419) | 3511 | 57209 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 339255 | 28364 |  |  |
| Realized Gain (Loss) on Investments | 164786 | 57850 | (246) | 43409 |
| Net Realized Capital Gains (Losses) on Investments | 504041 | 86214 | (246) | 43409 |
| Net Change in Unrealized Appreciation (Depreciation) | 1139295 | 110490 | (80) | (43129) |
| Net Gain (Loss) on Investment | 1643336 | 196704 | (326) | 280 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 1576027 | 192285 | 3185 | 57489 |
| Increase (Decrease) in Net Assets from Contract Transactions | 5499868 | (202622) | (97427) | (718936) |
| Total Increase (Decrease) in Net Assets | 7075895 | (10337) | (94242) | (661447) |
| **Net Assets as of December 31, 2024:** | **$10532039** | **$914893** | **$231730** | **$4973892** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 74408 | 4512 | 8448 | 153506 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 170159 | 7979 | 3571 | 53060 |
| Net Investment Income (Loss) | (95751) | (3467) | 4877 | 100446 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 1246868 | 110166 |  |  |
| Realized Gain (Loss) on Investments | 218990 | 78605 | 254 | 36759 |
| Net Realized Capital Gains (Losses) on Investments | 1465858 | 188771 | 254 | 36759 |
| Net Change in Unrealized Appreciation (Depreciation) | 104418 | (56105) | 32341 | 620929 |
| Net Gain (Loss) on Investment | 1570276 | 132666 | 32595 | 657688 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 1474525 | 129199 | 37472 | 758134 |
| Increase (Decrease) in Net Assets from Contract Transactions | (906215) | (286119) | (8165) | (748790) |
| Total Increase (Decrease) in Net Assets | 568310 | (156920) | 29307 | 9344 |
| **Net Assets as of December 31, 2025:** | **$11100349** | **$757973** | **$261037** | **$4983236** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TA JPMorgan Tactical Allocation Initial Class | TA JPMorgan Tactical Allocation Service Class | TA Multi-Managed Balanced Initial Class | TA Multi-Managed Balanced Service Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$512676** | **$536404** | **$2751817** | **$18552729** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 14196 | 12939 | 52917 | 300676 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 7152 | 7112 | 48345 | 197222 |
| Net Investment Income (Loss) | 7044 | 5827 | 4572 | 103454 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  | 115336 | 754109 |
| Realized Gain (Loss) on Investments | (4199) | (20326) | 70307 | 611849 |
| Net Realized Capital Gains (Losses) on Investments | (4199) | (20326) | 185643 | 1365958 |
| Net Change in Unrealized Appreciation (Depreciation) | 11227 | 32564 | 143886 | 787407 |
| Net Gain (Loss) on Investment | 7028 | 12238 | 329529 | 2153365 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 14072 | 18065 | 334101 | 2256819 |
| Increase (Decrease) in Net Assets from Contract Transactions | (39197) | (140755) | (377553) | (4017759) |
| Total Increase (Decrease) in Net Assets | (25125) | (122690) | (43452) | (1760940) |
| **Net Assets as of December 31, 2024:** | **$487551** | **$413714** | **$2708365** | **$16791789** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 15144 | 11313 | 53324 | 301234 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 6338 | 5063 | 44436 | 180989 |
| Net Investment Income (Loss) | 8806 | 6250 | 8888 | 120245 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  |  | 315809 | 2055268 |
| Realized Gain (Loss) on Investments | (10975) | (8537) | 86752 | 278857 |
| Net Realized Capital Gains (Losses) on Investments | (10975) | (8537) | 402561 | 2334125 |
| Net Change in Unrealized Appreciation (Depreciation) | 35682 | 30584 | (143041) | (698818) |
| Net Gain (Loss) on Investment | 24707 | 22047 | 259520 | 1635307 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 33513 | 28297 | 268408 | 1755552 |
| Increase (Decrease) in Net Assets from Contract Transactions | (69720) | (67894) | (623799) | (2293575) |
| Total Increase (Decrease) in Net Assets | (36207) | (39597) | (355391) | (538023) |
| **Net Assets as of December 31, 2025:** | **$451344** | **$374117** | **$2352974** | **$16253766** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TA Small/Mid Cap Value Initial Class | TA T. Rowe Price Small Cap Initial Class | TA T. Rowe Price Small Cap Service Class | TA TSW International Equity Initial Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$3478477** | **$2158825** | **$701569** | **$764305** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 32655 |  |  | 19178 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 53019 | 32210 | 6979 | 13265 |
| Net Investment Income (Loss) | (20364) | (32210) | (6979) | 5913 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 109281 | 64379 | 30325 |  |
| Realized Gain (Loss) on Investments | 8180 | (130364) | (18888) | 11293 |
| Net Realized Capital Gains (Losses) on Investments | 117461 | (65985) | 11437 | 11293 |
| Net Change in Unrealized Appreciation (Depreciation) | 152145 | 318290 | 74302 | (3419) |
| Net Gain (Loss) on Investment | 269606 | 252305 | 85739 | 7874 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 249242 | 220095 | 78760 | 13787 |
| Increase (Decrease) in Net Assets from Contract Transactions | (417234) | (605450) | (40251) | (134336) |
| Total Increase (Decrease) in Net Assets | (167992) | (385355) | 38509 | (120549) |
| **Net Assets as of December 31, 2024:** | **$3310485** | **$1773470** | **$740078** | **$643756** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 40639 |  |  | 15438 |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 49090 | 28751 | 6880 | 13188 |
| Net Investment Income (Loss) | (8451) | (28751) | (6880) | 2250 |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 340425 | 279211 | 136241 | 33250 |
| Realized Gain (Loss) on Investments | 3904 | (16333) | (27165) | 11109 |
| Net Realized Capital Gains (Losses) on Investments | 344329 | 262878 | 109076 | 44359 |
| Net Change in Unrealized Appreciation (Depreciation) | (81074) | (79815) | (37425) | 129326 |
| Net Gain (Loss) on Investment | 263255 | 183063 | 71651 | 173685 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 254804 | 154312 | 64771 | 175935 |
| Increase (Decrease) in Net Assets from Contract Transactions | (223362) | (159094) | (54243) | (104527) |
| Total Increase (Decrease) in Net Assets | 31442 | (4782) | 10528 | 71408 |
| **Net Assets as of December 31, 2025:** | **$3341927** | **$1768688** | **$750606** | **$715164** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Statements of Operations and Changes in Net Assets

#### Years Ended December 31, 2025 and 2024

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | TA TSW International Equity Service Class | TA TSW Mid Cap Value Opportunities Initial Class | TA WMC US Growth Initial Class | TA WMC US Growth Service Class |
|  | Subaccount | Subaccount | Subaccount | Subaccount |
| **Net Assets as of December 31, 2023:** | **$480592** | **$1385747** | **$41990922** | **$5968391** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 11515 | 18080 | 5114 |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 4962 | 22120 | 701959 | 65667 |
| Net Investment Income (Loss) | 6553 | (4040) | (696845) | (65667) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions |  | 201539 | 4164701 | 552653 |
| Realized Gain (Loss) on Investments | 21486 | (43221) | 2026309 | 349728 |
| Net Realized Capital Gains (Losses) on Investments | 21486 | 158318 | 6191010 | 902381 |
| Net Change in Unrealized Appreciation (Depreciation) | (17746) | (63249) | 5467392 | 619683 |
| Net Gain (Loss) on Investment | 3740 | 95069 | 11658402 | 1522064 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 10293 | 91029 | 10961557 | 1456397 |
| Increase (Decrease) in Net Assets from Contract Transactions | (94355) | (239307) | (4837058) | (1305377) |
| Total Increase (Decrease) in Net Assets | (84062) | (148278) | 6124499 | 151020 |
| **Net Assets as of December 31, 2024:** | **$396530** | **$1237469** | **$48115421** | **$6119411** |
| Investment Income: |  |  |  |  |
| Reinvested Dividends | 9340 | 15384 |  |  |
| Investment Expense: |  |  |  |  |
| Mortality and Expense Risk and Administrative Charges | 5018 | 20983 | 698745 | 63531 |
| Net Investment Income (Loss) | 4322 | (5599) | (698745) | (63531) |
| Increase (Decrease) in Net Assets from Operations: |  |  |  |  |
| Capital Gain Distributions | 22230 | 315287 | 7447664 | 1024957 |
| Realized Gain (Loss) on Investments | 20340 | (18607) | 2438716 | 150640 |
| Net Realized Capital Gains (Losses) on Investments | 42570 | 296680 | 9886380 | 1175597 |
| Net Change in Unrealized Appreciation (Depreciation) | 67319 | (197953) | (2502345) | (228946) |
| Net Gain (Loss) on Investment | 109889 | 98727 | 7384035 | 946651 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | 114211 | 93128 | 6685290 | 883120 |
| Increase (Decrease) in Net Assets from Contract Transactions | (73806) | (81555) | (6515411) | (1102806) |
| Total Increase (Decrease) in Net Assets | 40405 | 11573 | 169879 | (219686) |
| **Net Assets as of December 31, 2025:** | **$436935** | **$1249042** | **$48285300** | **$5899725** |

---

*See Accompanying Notes*

*(1)See Footnote 1*

---

| | | |
|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **1. Organization** | **1. Organization** | **1. Organization** |
| Retirement Builder Variable Annuity Account (the Separate Account) is a segregated investment account of Transamerica Life Insurance Company (TLIC), an indirect wholly owned subsidiary of Aegon Ltd., a holding company organized under the laws of the Bermuda. | Retirement Builder Variable Annuity Account (the Separate Account) is a segregated investment account of Transamerica Life Insurance Company (TLIC), an indirect wholly owned subsidiary of Aegon Ltd., a holding company organized under the laws of the Bermuda. | Retirement Builder Variable Annuity Account (the Separate Account) is a segregated investment account of Transamerica Life Insurance Company (TLIC), an indirect wholly owned subsidiary of Aegon Ltd., a holding company organized under the laws of the Bermuda. |
| The Separate Account is registered with the Securities and Exchange Commission as a Unit Investment Trust pursuant to provisions of the Investment Company Act of 1940. TLIC and the Separate Account are regulated by the Securities and Exchange Commission. The assets and liabilities of the Separate Account are clearly identified and distinguished from TLIC's other assets and liabilities. The Separate Account consists of multiple investment subaccounts. Each subaccount invests exclusively in the corresponding portfolio of a Mutual Fund. Each Mutual Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended. Activity in these specified investment subaccounts is available to contract owners of The Atlas Portfolio Builder℠ Variable Annuity, Immediate Income Builder℠, Immediate Income Builder℠ II, Transamerica Access℠ Variable Annuity, Retirement Income Builder® Variable Annuity, Retirement Income Builder II® Variable Annuity, Portfolio Select℠ Variable Annuity, Privilege Select℠ Variable Annuity, Principal-Plus℠ Variable Annuity, Premier Asset Builder℠ Variable Annuity, Retirement Income Builder® - BAI Variable Annuity, Transamerica Preferred Advantage℠ Variable Annuity, The One Income Annuity℠, Transamerica Principium℠ Variable Annuity, Huntington Allstar Select℠ Variable Annuity, Transamerica Opportunity Builder Variable Annuity and Transamerica Traditions Variable Annuity. | The Separate Account is registered with the Securities and Exchange Commission as a Unit Investment Trust pursuant to provisions of the Investment Company Act of 1940. TLIC and the Separate Account are regulated by the Securities and Exchange Commission. The assets and liabilities of the Separate Account are clearly identified and distinguished from TLIC's other assets and liabilities. The Separate Account consists of multiple investment subaccounts. Each subaccount invests exclusively in the corresponding portfolio of a Mutual Fund. Each Mutual Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended. Activity in these specified investment subaccounts is available to contract owners of The Atlas Portfolio Builder℠ Variable Annuity, Immediate Income Builder℠, Immediate Income Builder℠ II, Transamerica Access℠ Variable Annuity, Retirement Income Builder® Variable Annuity, Retirement Income Builder II® Variable Annuity, Portfolio Select℠ Variable Annuity, Privilege Select℠ Variable Annuity, Principal-Plus℠ Variable Annuity, Premier Asset Builder℠ Variable Annuity, Retirement Income Builder® - BAI Variable Annuity, Transamerica Preferred Advantage℠ Variable Annuity, The One Income Annuity℠, Transamerica Principium℠ Variable Annuity, Huntington Allstar Select℠ Variable Annuity, Transamerica Opportunity Builder Variable Annuity and Transamerica Traditions Variable Annuity. | The Separate Account is registered with the Securities and Exchange Commission as a Unit Investment Trust pursuant to provisions of the Investment Company Act of 1940. TLIC and the Separate Account are regulated by the Securities and Exchange Commission. The assets and liabilities of the Separate Account are clearly identified and distinguished from TLIC's other assets and liabilities. The Separate Account consists of multiple investment subaccounts. Each subaccount invests exclusively in the corresponding portfolio of a Mutual Fund. Each Mutual Fund is registered as an open-end management investment company under the Investment Company Act of 1940, as amended. Activity in these specified investment subaccounts is available to contract owners of The Atlas Portfolio Builder℠ Variable Annuity, Immediate Income Builder℠, Immediate Income Builder℠ II, Transamerica Access℠ Variable Annuity, Retirement Income Builder® Variable Annuity, Retirement Income Builder II® Variable Annuity, Portfolio Select℠ Variable Annuity, Privilege Select℠ Variable Annuity, Principal-Plus℠ Variable Annuity, Premier Asset Builder℠ Variable Annuity, Retirement Income Builder® - BAI Variable Annuity, Transamerica Preferred Advantage℠ Variable Annuity, The One Income Annuity℠, Transamerica Principium℠ Variable Annuity, Huntington Allstar Select℠ Variable Annuity, Transamerica Opportunity Builder Variable Annuity and Transamerica Traditions Variable Annuity. |
| **Subaccount Investment by Mutual Fund:** | **Subaccount Investment by Mutual Fund:** | **Subaccount Investment by Mutual Fund:** |
| **<u>Subaccount</u>** | **<u>Mutual Fund</u>** | **<u>Mutual Fund</u>** |
| AB Variable Products Series Fund, Inc. |  | AB Variable Products Series Fund, Inc. |
| AB Large Cap Growth Class B Shares |  | AB Large Cap Growth Portfolio Class B Shares |
| AB Relative Value Class B Shares |  | AB Relative Value Portfolio Class B Shares |
| AB Sustainable Global Thematic Growth Class B Shares | AB Sustainable Global Thematic Growth Class B Shares | AB Sustainable Global Thematic Growth Portfolio Class B Shares |
| Allspring Variable Trust |  | Allspring Variable Trust |
| Allspring VT Discovery All Cap Growth Class 1 Shares |  | Allspring VT Discovery All Cap Growth Fund Class 1 Shares |
| Allspring VT Discovery All Cap Growth Class 2 Shares |  | Allspring VT Discovery All Cap Growth Fund Class 2 Shares |
| Allspring VT Opportunity Class 1 Shares |  | Allspring VT Opportunity Fund Class 1 Shares |
| Allspring VT Opportunity Class 2 Shares |  | Allspring VT Opportunity Fund Class 2 Shares |
| Allspring VT Small Cap Growth Class 1 Shares |  | Allspring VT Small Cap Growth Fund Class 1 Shares |
| Allspring VT Small Cap Growth Class 2 Shares |  | Allspring VT Small Cap Growth Fund Class 2 Shares |
| BNY Mellon Funds |  | BNY Mellon Funds |
| BNY Mellon Small Cap Initial Shares |  | BNY Mellon Small Cap Portfolio Initial Shares |
| BNY Mellon Stock Index Initial Shares |  | BNY Mellon Stock Index Portfolio Initial Shares |
| BNY Mellon Stock Index Service Shares |  | BNY Mellon Stock Index Portfolio Service Shares |
| BNY Mellon Sustainable U.S. Equity Initial Shares |  | BNY Mellon Sustainable U.S. Equity Portfolio Initial Shares |
| BNY Mellon VIF Appreciation Initial Shares |  | BNY Mellon VIF Appreciation Portfolio Initial Shares |
| BNY Mellon VIF Government Money Market |  | BNY Mellon VIF Government Money Market Portfolio |
| BNY Mellon VIF Growth and Income Initial Shares |  | BNY Mellon VIF Growth and Income Portfolio Initial Shares |
| Columbia Funds Variable Insurance Trust |  | Columbia Funds Variable Insurance Trust |
| Columbia - Acorn |  | Columbia - Acorn Fund |
| Columbia - Dividend Opportunity Class 1 Shares |  | Columbia Variable Portfolio - Dividend Opportunity Fund Class 1 Shares |
| Columbia - Income Opportunity Class 1 Shares |  | Columbia Variable Portfolio - Income Opportunity Fund Class 1 Shares |
| Columbia - Large Cap Growth Class 1 Shares |  | Columbia Variable Portfolio - Large Cap Growth Fund Class 1 Shares |
| Columbia - Overseas Core Class 2 Shares |  | Columbia Variable Portfolio - Overseas Core Fund Class 2 Shares |
| Columbia - Select Mid Cap Growth Class 1 Shares |  | Columbia Variable Portfolio - Select Mid Cap Growth Fund Class 1 Shares |
| Columbia - Select Mid Cap Value Class 1 Shares |  | Columbia Variable Portfolio - Select Mid Cap Value Fund Class 1 Shares |
| Columbia - Small Cap Value Class 1 Shares |  | Columbia Variable Portfolio - Small Cap Value Fund Class 1 Shares |
| Columbia - Small Company Growth Class 1 Shares |  | Columbia Variable Portfolio - Small Company Growth Fund Class 1 Shares |
| Columbia - Strategic Income Class 1 Shares |  | Columbia Variable Portfolio - Strategic Income Fund Class 1 Shares |
| CTIVP® - Principal Large Cap Growth Class 1 Shares |  | CTIVP® - Principal Large Cap Growth Fund Class 1 Shares |

---

---

| | |
|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** |
| **December 31, 2025** | **December 31, 2025** |
| **1. Organization (continued)** | **1. Organization (continued)** |
| **Subaccount Investment by Mutual Fund:** | **Subaccount Investment by Mutual Fund:** |
| **<u>Subaccount</u>** | **<u>Mutual Fund</u>** |
| Davis Variable Account Fund, Inc. | Davis Variable Account Fund, Inc. |
| Davis Equity | Davis Equity Portfolio |
| Federated Insurance Series | Federated Insurance Series |
| Federated Hermes Government Money II Service Shares | Federated Hermes Government Money Fund II Service Shares |
| Federated Hermes High Income Bond II Primary Shares | Federated Hermes High Income Bond II Fund Primary Shares |
| Federated Hermes Kaufmann II Primary Shares | Federated Hermes Kaufmann II Fund Primary Shares |
| Federated Hermes Kaufmann II Service Shares | Federated Kaufmann II Fund Service Shares |
| Federated Hermes Managed Volatility II Primary Shares | Federated Hermes Managed Volatility II Fund Primary Shares |
| Federated Hermes Managed Volatility II Service Shares | Federated Hermes Managed Volatility II Fund Service Shares |
| Federated Hermes Quality Bond II Primary Shares | Federated Hermes Quality Bond II Fund Primary Shares |
| Fidelity® Variable Insurance Products Fund | Fidelity® Variable Insurance Products Fund |
| Fidelity® VIP Asset Manager 50% Initial Class | Fidelity® VIP Asset Manager 50% Portfolio Initial Class |
| Fidelity® VIP Asset Manager 70% Initial Class | Fidelity® VIP Asset Manager 70% Portfolio Initial Class |
| Fidelity® VIP Balanced Initial Class | Fidelity® VIP Balanced Portfolio Initial Class |
| Fidelity® VIP Balanced Service Class 2 | Fidelity® VIP Balanced Portfolio Service Class 2 |
| Fidelity® VIP Contrafund® Initial Class | Fidelity® VIP Contrafund® Portfolio Initial Class |
| Fidelity® VIP Contrafund® Service Class 2 | Fidelity® VIP Contrafund® Portfolio Service Class 2 |
| Fidelity® VIP Equity-Income Initial Class | Fidelity® VIP Equity-Income Portfolio Initial Class |
| Fidelity® VIP Equity-Income Service Class 2 | Fidelity® VIP Equity-Income Portfolio Service Class 2 |
| Fidelity® VIP Government Money Market Initial Class | Fidelity® VIP Government Money Market Portfolio Initial Class |
| Fidelity® VIP Government Money Market Service Class 2 | Fidelity® VIP Government Money Market Portfolio Service Class 2 |
| Fidelity® VIP Growth Initial Class | Fidelity® VIP Growth Portfolio Initial Class |
| Fidelity® VIP Growth Service Class 2 | Fidelity® VIP Growth Portfolio Service Class 2 |
| Fidelity® VIP Growth & Income Initial Class | Fidelity® VIP Growth & Income Portfolio Initial Class |
| Fidelity® VIP Growth & Income Service Class 2 | Fidelity® VIP Growth & Income Portfolio Service Class 2 |
| Fidelity® VIP Growth Opportunities Initial Class | Fidelity® VIP Growth Opportunities Portfolio Initial Class |
| Fidelity® VIP Growth Opportunities Service Class | Fidelity® VIP Growth Opportunities Portfolio Service Class |
| Fidelity® VIP Growth Opportunities Service Class 2 | Fidelity® VIP Growth Opportunities Portfolio Service Class 2 |
| Fidelity® VIP High Income Initial Class | Fidelity® VIP High Income Portfolio Initial Class |
| Fidelity® VIP High Income Service Class | Fidelity® VIP High Income Portfolio Service Class |
| Fidelity® VIP High Income Service Class 2 | Fidelity® VIP High Income Portfolio Service Class 2 |
| Fidelity® VIP Index 500 Initial Class | Fidelity® VIP Index 500 Portfolio Initial Class |
| Fidelity® VIP Index 500 Service Class 2 | Fidelity® VIP Index 500 Portfolio Service Class 2 |
| Fidelity® VIP Investment Grade Bond Initial Class | Fidelity® VIP Investment Grade Bond Portfolio Initial Class |
| Fidelity® VIP Investment Grade Bond Service Class 2 | Fidelity® VIP Investment Grade Bond Portfolio Service Class 2 |
| Fidelity® VIP Mid Cap Initial Class | Fidelity® VIP Mid Cap Portfolio Initial Class |
| Fidelity® VIP Mid Cap Service Class 2 | Fidelity® VIP Mid Cap Portfolio Service Class 2 |
| Fidelity® VIP Overseas Initial Class | Fidelity® VIP Overseas Portfolio Initial Class |
| Fidelity® VIP Value Strategies Service Class 2 | Fidelity® VIP Value Strategies Portfolio Service Class 2 |
| Franklin Templeton Variable Insurance Products Trust | Franklin Templeton Variable Insurance Products Trust |
| Franklin Income Class 2 Shares | Franklin Income Fund Class 2 Shares |
| Franklin Mutual Shares Class 2 Shares | Franklin Mutual Shares Fund Class 2 Shares |
| Franklin Rising Dividends Class 2 Shares | Franklin Rising Dividends Fund Class 2 Shares |
| Franklin Small Cap Value Class 2 Shares | Franklin Small Cap Value Fund Class 2 Shares |
| Franklin Small-Mid Cap Growth Class 2 Shares | Franklin Small-Mid Cap Growth Fund Class 2 Shares |
| Franklin Templeton Developing Markets Class 2 Shares | Franklin Templeton Developing Markets Fund Class 2 Shares |

---

---

| | | |
|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **1. Organization (continued)** | **1. Organization (continued)** | **1. Organization (continued)** |
| **Subaccount Investment by Mutual Fund:** | **Subaccount Investment by Mutual Fund:** | **Subaccount Investment by Mutual Fund:** |
| **<u>Subaccount</u>** | **<u>Mutual Fund</u>** | **<u>Mutual Fund</u>** |
| Franklin Templeton Variable Insurance Products Trust |  | Franklin Templeton Variable Insurance Products Trust |
| Franklin Templeton Foreign Class 2 Shares |  | Franklin Templeton Foreign Fund Class 2 Shares |
| AIM Variable Insurance Funds (Invesco Variable Insurance Funds) |  | AIM Variable Insurance Funds (Invesco Variable Insurance Funds) |
| Invesco V.I. American Franchise Series I Shares |  | Invesco V.I. American Franchise Fund Series I Shares |
| Invesco V.I. American Franchise Series II Shares |  | Invesco V.I. American Franchise Fund Series II Shares |
| Invesco V.I. American Value Series II Shares |  | Invesco V.I. American Value Fund Series II Shares |
| Invesco V.I. Comstock Series II Shares |  | Invesco V.I. Comstock Fund Series II Shares |
| Invesco V.I. Core Equity Series II Shares |  | Invesco V.I. Core Equity Fund Series II Shares |
| Invesco V.I. Discovery Large Cap Series I Shares |  | Invesco V.I. Discovery Large Cap Fund Series I Shares |
| Invesco V.I. Discovery Large Cap Series II Shares |  | Invesco V.I. Discovery Large Cap Fund Series II Shares |
| Invesco V.I. Discovery Mid Cap Growth Series II Shares |  | Invesco V.I. Discovery Mid Cap Growth Fund Series II Shares |
| Invesco V.I. Equity and Income Series I Shares |  | Invesco V.I. Equity and Income Fund Series I Shares |
| Invesco V.I. Equity and Income Series II Shares |  | Invesco V.I. Equity and Income Fund Series II Shares |
| Invesco V.I. EQV International Equity Series I Shares |  | Invesco V.I. EQV International Equity Fund Series I Shares |
| Invesco V.I. EQV International Equity Series II Shares |  | Invesco V.I. EQV International Equity Fund Series II Shares |
| Invesco V.I. Global Series I Shares |  | Invesco V.I. Global Fund Series I Shares |
| Invesco V.I. Global Series II Shares |  | Invesco V.I. Global Fund Series II Shares |
| Invesco V.I. Global Strategic Income Series I Shares |  | Invesco V.I. Global Strategic Income Fund Series I Shares |
| Invesco V.I. Global Strategic Income Series II Shares |  | Invesco V.I. Global Strategic Income Fund Series II Shares |
| Invesco V.I. Government Securities Series I Shares |  | Invesco V.I. Government Securities Fund Series I Shares |
| Invesco V.I. Government Securities Series II Shares |  | Invesco V.I. Government Securities Fund Series II Shares |
| Invesco V.I. Main Street Series I Shares |  | Invesco V.I. Main Street Fund Series I Shares |
| Invesco V.I. Main Street Series II Shares |  | Invesco V.I. Main Street Fund. Series II Shares |
| Invesco V.I. Main Street Mid Cap Series II Shares |  | Invesco V.I. Main Street Mid Cap Fund Series II Shares |
| Invesco V.I. Main Street Small Cap Series II Shares |  | Invesco V.I. Main Street Small Cap Fund Series II Shares |
| Janus Aspen Series |  | Janus Aspen Series |
| Janus Henderson - Balanced Service Shares |  | Janus Henderson - Balanced Portfolio Service Shares |
| Janus Henderson - Enterprise Service Shares |  | Janus Henderson - Enterprise Portfolio Service Shares |
| Janus Henderson - Forty Service Shares |  | Janus Henderson - Forty Portfolio Service Shares |
| Janus Henderson - Global Research Service Shares |  | Janus Henderson - Global Research Portfolio Service Shares |
| Janus Henderson - Mid Cap Value Service Shares |  | Janus Henderson - Mid Cap Value Portfolio Service Shares |
| Janus Henderson - Overseas Service Shares |  | Janus Henderson - Overseas Portfolio Service Shares |
| Janus Henderson - Research Service Shares |  | Janus Henderson - Research Portfolio Service Shares |
| Lincoln Variable Investment Products |  | Lincoln Variable Investment Products |
| LVIP JPMorgan Core Bond Standard Shares |  | LVIP JPMorgan Core Bond Portfolio Standard Shares |
| LVIP JPMorgan Mid Cap Value Standard Shares |  | LVIP JPMorgan Mid Cap Value Portfolio Standard Shares |
| LVIP JPMorgan U.S. Equity Standard Shares |  | LVIP JPMorgan U.S. Equity Portfolio Standard Shares |
| MFS® Variable Insurance Trust |  | MFS® Variable Insurance Trust |
| MFS® Core Equity Initial Class |  | MFS® Core Equity Portfolio Initial Class |
| MFS® Growth Initial Class |  | MFS® Growth Series Initial Class |
| MFS® Growth Service Class |  | MFS® Growth Series Service Class |
| MFS® Massachusetts Investors Growth Stock Initial Class | MFS® Massachusetts Investors Growth Stock Initial Class | MFS® Massachusetts Investors Growth Stock Portfolio Initial Class |
| MFS® Massachusetts Investors Growth Stock Service Class | MFS® Massachusetts Investors Growth Stock Service Class | MFS® Massachusetts Investors Growth Stock Portfolio Service Class |
| MFS® New Discovery Initial Class |  | MFS® New Discovery Series Initial Class |
| MFS® New Discovery Service Class |  | MFS® New Discovery Series Service Class |

---

---

| | | |
|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **1. Organization (continued)** | **1. Organization (continued)** | **1. Organization (continued)** |
| **Subaccount Investment by Mutual Fund:** | **Subaccount Investment by Mutual Fund:** | **Subaccount Investment by Mutual Fund:** |
| **<u>Subaccount</u>** | **<u>Mutual Fund</u>** | **<u>Mutual Fund</u>** |
| MFS® Variable Insurance Trust | MFS® Variable Insurance Trust | MFS® Variable Insurance Trust |
| MFS® Research Initial Class |  | MFS® Research Series Initial Class |
| MFS® Research Service Class |  | MFS® Research Series Service Class |
| MFS® Total Return Initial Class |  | MFS® Total Return Series Initial Class |
| MFS® Total Return Service Class |  | MFS® Total Return Series Service Class |
| MFS® Total Return Bond Initial Class |  | MFS® Total Return Bond Series Initial Class |
| MFS® Total Return Bond Service Class |  | MFS® Total Return Bond Series Service Class |
| MFS® Utilities Initial Class |  | MFS® Utilities Series Initial Class |
| MFS® Utilities Service Class |  | MFS® Utilities Series Service Class |
| Putnam Variable Trust | Putnam Variable Trust | Putnam Variable Trust |
| Putnam VT Core Equity Class IB Shares |  | Putnam VT Core Equity Fund Class IB Shares |
| Putnam VT Diversified Income Class IB Shares |  | Putnam VT Diversified Income Fund Class IB Shares |
| Putnam VT Focused International Equity Class IB Shares |  | Putnam VT Focused International Equity Class Fund IB Shares |
| Putnam VT George Putnam Balanced Class IB Shares |  | Putnam VT George Putnam Balanced Fund Class IB Shares |
| Putnam VT Global Health Care Class IB Shares |  | Putnam VT Global Health Care Fund Class IB Shares |
| Putnam VT Government Money Market Class IB Shares |  | Putnam VT Government Money Market Fund Class IB Shares |
| Putnam VT Income Class IB Shares |  | Putnam VT Income Fund Class IB Shares |
| Putnam VT International Equity Class IB Shares |  | Putnam VT International Equity Fund Class IB Shares |
| Putnam VT Large Cap Growth Class IB Shares |  | Putnam VT Large Cap Growth Fund Class IB Shares |
| Putnam VT Large Cap Value Class IB Shares |  | Putnam VT Large Cap Value Fund Class IB Shares |
| Putnam VT Research Class IB Shares |  | Putnam VT Research Fund Class IB Shares |
| Putnam VT Sustainable Leaders Class IB Shares |  | Putnam VT Sustainable Leaders Fund Class IB Shares |
| Transamerica Series Trust | Transamerica Series Trust | Transamerica Series Trust |
| TA Aegon Bond Initial Class |  | Transamerica Aegon Bond VP Initial Class |
| TA Aegon Bond Service Class |  | Transamerica Aegon Bond VP Service Class |
| TA Aegon Core Bond Initial Class |  | Transamerica Aegon Core Bond VP Initial Class |
| TA Aegon High Yield Bond Initial Class |  | Transamerica Aegon High Yield Bond VP Initial Class |
| TA Aegon High Yield Bond Service Class |  | Transamerica Aegon High Yield Bond VP Service Class |
| TA Aegon Sustainable Equity Income Initial Class |  | Transamerica Aegon Sustainable Equity Income VP Initial Class |
| TA Aegon Sustainable Equity Income Service Class |  | Transamerica Aegon Sustainable Equity Income VP Service Class |
| TA Aegon U.S. Government Securities Initial Class |  | Transamerica Aegon U.S. Government Securities VP Initial Class |
| TA Aegon U.S. Government Securities Service Class |  | Transamerica Aegon U.S. Government Securities VP Service Class |
| TA BlackRock Government Money Market Initial Class |  | Transamerica BlackRock Government Money Market VP Initial Class |
| TA BlackRock Government Money Market Service Class |  | Transamerica BlackRock Government Money Market VP Service Class |
| TA BlackRock iShares Edge 40 Initial Class |  | Transamerica BlackRock iShares Edge 40 VP Initial Class |
| TA BlackRock iShares Edge 40 Service Class |  | Transamerica BlackRock iShares Edge 40 VP Service Class |
| TA BlackRock Real Estate Securities Initial Class |  | Transamerica BlackRock Real Estate Securities VP Initial Class |
| TA BlackRock Real Estate Securities Service Class |  | Transamerica BlackRock Real Estate Securities VP Service Class |
| TA International Focus Initial Class |  | Transamerica International Focus VP Initial Class |
| TA International Focus Service Class |  | Transamerica International Focus VP Service Class |
| TA Janus Mid-Cap Growth Initial Class |  | Transamerica Janus Mid-Cap Growth VP Initial Class |
| TA Janus Mid-Cap Growth Service Class |  | Transamerica Janus Mid-Cap Growth VP Service Class |
| TA JPMorgan Asset Allocation - Conservative Initial Class |  | Transamerica JPMorgan Asset Allocation - Conservative VP Initial Class |
| TA JPMorgan Asset Allocation - Conservative Service Class | TA JPMorgan Asset Allocation - Conservative Service Class | Transamerica JPMorgan Asset Allocation - Conservative VP Service Class |
| TA JPMorgan Asset Allocation - Moderate Initial Class |  | Transamerica JPMorgan Asset Allocation - Moderate VP Initial Class |
| TA JPMorgan Asset Allocation - Moderate Service Class |  | Transamerica JPMorgan Asset Allocation - Moderate VP Service Class |

---

---

| | | |
|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **1. Organization (continued)** | **1. Organization (continued)** | **1. Organization (continued)** |
| **Subaccount Investment by Mutual Fund:** | **Subaccount Investment by Mutual Fund:** | **Subaccount Investment by Mutual Fund:** |
| **<u>Subaccount</u>** | **<u>Mutual Fund</u>** | **<u>Mutual Fund</u>** |
| Transamerica Series Trust | Transamerica Series Trust | Transamerica Series Trust |
| TA JPMorgan Asset Allocation - Moderate Growth Initial Class | TA JPMorgan Asset Allocation - Moderate Growth Initial Class | Transamerica JPMorgan Asset Allocation - Moderate Growth VP Initial Class |
| TA JPMorgan Asset Allocation - Moderate Growth Service Class | TA JPMorgan Asset Allocation - Moderate Growth Service Class | Transamerica JPMorgan Asset Allocation - Moderate Growth VP Service Class |
| TA JPMorgan Diversified Equity Allocation Initial Class |  | Transamerica JPMorgan Diversified Equity Allocation VP Initial Class |
| TA JPMorgan Diversified Equity Allocation Service Class |  | Transamerica JPMorgan Diversified Equity Allocation VP Service Class |
| TA JPMorgan Enhanced Index Initial Class |  | Transamerica JPMorgan Enhanced Index VP Initial Class |
| TA JPMorgan Enhanced Index Service Class |  | Transamerica JPMorgan Enhanced Index VP Service Class |
| TA JPMorgan International Moderate Growth Initial Class | TA JPMorgan International Moderate Growth Initial Class | Transamerica JPMorgan International Moderate Growth VP Initial Class |
| TA JPMorgan International Moderate Growth Service Class | TA JPMorgan International Moderate Growth Service Class | Transamerica JPMorgan International Moderate Growth VP Service Class |
| TA JPMorgan Tactical Allocation Initial Class |  | Transamerica JPMorgan Tactical Allocation VP Initial Class |
| TA JPMorgan Tactical Allocation Service Class |  | Transamerica JPMorgan Tactical Allocation VP Service Class |
| TA Multi-Managed Balanced Initial Class |  | Transamerica Multi-Managed Balanced VP Initial Class |
| TA Multi-Managed Balanced Service Class |  | Transamerica Multi-Managed Balanced VP Service Class |
| TA Small/Mid Cap Value Initial Class |  | Transamerica Small/Mid Cap Value VP Initial Class |
| TA T. Rowe Price Small Cap Initial Class |  | Transamerica T. Rowe Price Small Cap VP Initial Class |
| TA T. Rowe Price Small Cap Service Class |  | Transamerica T. Rowe Price Small Cap VP Service Class |
| TA TSW International Equity Initial Class |  | Transamerica TSW International Equity VP Initial Class |
| TA TSW International Equity Service Class |  | Transamerica TSW International Equity VP Service Class |
| TA TSW Mid Cap Value Opportunities Initial Class |  | Transamerica TSW Mid Cap Value Opportunities VP Initial Class |
| TA WMC US Growth Initial Class |  | Transamerica WMC US Growth VP Initial Class |
| TA WMC US Growth Service Class |  | Transamerica WMC US Growth VP Service Class |
| Each period reported on reflects a full twelve month period except as follows: | Each period reported on reflects a full twelve month period except as follows: | Each period reported on reflects a full twelve month period except as follows: |
| **<u>Subaccount</u>** | **<u>Inception Date</u>** | **<u>Inception Date</u>** |
| Invesco V.I. Equity and Income Series I Shares | April 26, 2024 | April 26, 2024 |
| LVIP JPMorgan Core Bond Standard Shares | April 28, 2023 | April 28, 2023 |
| LVIP JPMorgan Mid Cap Value Standard Shares | April 28, 2023 | April 28, 2023 |
| LVIP JPMorgan U.S. Equity Standard Shares | April 28, 2023 | April 28, 2023 |
| Invesco V.I. American Value Series II Shares | April 30, 2021 | April 30, 2021 |
| The following subaccount name changes were made effective during the fiscal year ended December 31, 2025: | The following subaccount name changes were made effective during the fiscal year ended December 31, 2025: | The following subaccount name changes were made effective during the fiscal year ended December 31, 2025: |
| **<u>Subaccount</u>** | **<u>Formerly</u>** | **<u>Formerly</u>** |
| BNY Mellon Small Cap Initial Shares | BNY Mellon VIF Opportunistic Small Cap Initial Shares | BNY Mellon VIF Opportunistic Small Cap Initial Shares |
| Columbia - Acorn | Wanger Acorn | Wanger Acorn |
| CTIVP® - Principal Large Cap Growth Class 1 Shares | CTIVP® - Principal Blue Chip Growth Class 1 Shares | CTIVP® - Principal Blue Chip Growth Class 1 Shares |
| Fidelity® VIP Asset Manager 50% Initial Class | Fidelity® VIP Asset Manager Initial Class | Fidelity® VIP Asset Manager Initial Class |
| Fidelity® VIP Asset Manager 70% Initial Class | Fidelity® VIP Asset Manager: Growth Initial Class | Fidelity® VIP Asset Manager: Growth Initial Class |
| Invesco V.I. Discovery Large Cap Series I Shares | Invesco V.I. Capital Appreciation Series I Shares | Invesco V.I. Capital Appreciation Series I Shares |
| Invesco V.I. Discovery Large Cap Series II Shares | Invesco V.I. Capital Appreciation Series II Shares | Invesco V.I. Capital Appreciation Series II Shares |
| TA JPMorgan Diversified Equity Allocation Initial Class | TA JPMorgan Asset Allocation - Growth Initial Class | TA JPMorgan Asset Allocation - Growth Initial Class |
| TA JPMorgan Diversified Equity Allocation Service Class | TA JPMorgan Asset Allocation - Growth Service Class | TA JPMorgan Asset Allocation - Growth Service Class |

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| |
|:---|
| **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** |
| **December 31, 2025** |
| **2. Summary of Significant Accounting Policies** |
| The financial statements included herein have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for variable annuity separate accounts registered as unit investment trusts. The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions regarding matters that affect the reported amount of assets and liabilities. Actual results could differ from those estimates. |
| **Investments** |
| Net purchase payments received by the Separate Account are invested in the portfolios of the Mutual Funds as selected by the contract owner. Investments are stated at the closing net asset values per share on December 31, 2025. |
| Realized capital gains and losses from sales of shares in the Separate Account are determined on the first-in, first-out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed) and dividend income is recorded on the ex-dividend date. Unrealized gains or losses from investments in the Mutual Funds are included in the Statements of Operations and Changes in Net Assets. |
| **Dividend Income** |
| Dividends received from the Mutual Fund investments are reinvested to purchase additional mutual fund shares. |
| **Fair Value Measurements and Fair Value Hierarchy** |
| The Accounting Standards Codification™ (ASC) 820 defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the nature of inputs used to measure fair value and enhances disclosure requirements for fair value measurements. |
| The Separate Account has categorized its financial instruments into a three level hierarchy which is based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument. |
| Financial assets and liabilities recorded at fair value on the Statements of Assets and Liabilities are categorized as follows: |
| Level 1. Unadjusted quoted prices for identical assets or liabilities in an active market. |
| Level 2. Quoted prices in markets that are not active or inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 2 inputs include the following: |
| a) Quoted prices for similar assets or liabilities in active markets |
| b) Quoted prices for identical or similar assets or liabilities in non-active markets |
| c) Inputs other than quoted market prices that are observable |
| d) Inputs that are derived principally from or corroborated by observable market data through correlation or other means. |
| Level 3. Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. They reflect management's own assumptions about the assumptions a market participant would use in pricing the asset or liability. |
| All investments in the Mutual Funds included in the Statements of Assets and Liabilities are stated at fair value and are based upon published closing NAV per share and therefore are considered Level 1. |
| There were no transfers between Level 1, Level 2 and Level 3 during the year ended December 31, 2025. |

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| | | |
|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **3. Investments** |  |  |
| The aggregate cost of purchases and proceeds from sales of investments for the period ended December 31, 2025 were as follows: | The aggregate cost of purchases and proceeds from sales of investments for the period ended December 31, 2025 were as follows: |  |
| **Subaccount** | **Purchases** | **Sales** |
| AB Large Cap Growth Class B Shares | $272888 | $256411 |
| AB Relative Value Class B Shares | 405127 | 407344 |
| AB Sustainable Global Thematic Growth Class B Shares | 101324 | 44783 |
| Allspring VT Discovery All Cap Growth Class 1 Shares | 430625 | 73136 |
| Allspring VT Discovery All Cap Growth Class 2 Shares | 72358 | 16496 |
| Allspring VT Opportunity Class 1 Shares | 203624 | 89906 |
| Allspring VT Opportunity Class 2 Shares | 6521 | 4775 |
| Allspring VT Small Cap Growth Class 1 Shares | 73867 | 61493 |
| Allspring VT Small Cap Growth Class 2 Shares | 5105 | 4453 |
| BNY Mellon Small Cap Initial Shares | 13123 | 209628 |
| BNY Mellon Stock Index Initial Shares | 112428 | 342848 |
| BNY Mellon Stock Index Service Shares | 2513 | 3577 |
| BNY Mellon Sustainable U.S. Equity Initial Shares | 18529 | 4875 |
| BNY Mellon VIF Appreciation Initial Shares | 317042 | 364759 |
| BNY Mellon VIF Government Money Market | 171420 | 92623 |
| BNY Mellon VIF Growth and Income Initial Shares | 118139 | 494083 |
| Columbia - Acorn | 33037 | 171920 |
| Columbia - Dividend Opportunity Class 1 Shares | 1353 | 71959 |
| Columbia - Income Opportunity Class 1 Shares | 29556 | 66226 |
| Columbia - Large Cap Growth Class 1 Shares | 20532 | 296605 |
| Columbia - Overseas Core Class 2 Shares | 33561 | 107513 |
| Columbia - Select Mid Cap Growth Class 1 Shares | 916 | 65201 |
| Columbia - Select Mid Cap Value Class 1 Shares | 1144 | 69192 |
| Columbia - Small Cap Value Class 1 Shares | 173358 | 139194 |
| Columbia - Small Company Growth Class 1 Shares | 3222 | 3139 |
| Columbia - Strategic Income Class 1 Shares | 34512 | 79111 |
| CTIVP® - Principal Large Cap Growth Class 1 Shares | 2899 | 274172 |
| Davis Equity | 480345 | 227447 |
| Federated Hermes Government Money II Service Shares | 109108 | 235696 |
| Federated Hermes High Income Bond II Primary Shares | 104899 | 259108 |
| Federated Hermes Kaufmann II Primary Shares | 157651 | 153338 |
| Federated Hermes Kaufmann II Service Shares | 124138 | 163975 |
| Federated Hermes Managed Volatility II Primary Shares | 33199 | 41725 |
| Federated Hermes Managed Volatility II Service Shares | 14775 | 34177 |
| Federated Hermes Quality Bond II Primary Shares | 3174 | 6067 |
| Fidelity® VIP Asset Manager 50% Initial Class | 302274 | 297289 |

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| | | |
|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **3. Investments (continued)** |  |  |
| **Subaccount** | **Purchases** | **Sales** |
| Fidelity® VIP Asset Manager 70% Initial Class | 16946 | 144272 |
| Fidelity® VIP Balanced Initial Class | $195580 | $301095 |
| Fidelity® VIP Balanced Service Class 2 | 131382 | 29784 |
| Fidelity® VIP Contrafund® Initial Class | 1703006 | 1021026 |
| Fidelity® VIP Contrafund® Service Class 2 | 1837357 | 4255684 |
| Fidelity® VIP Equity-Income Initial Class | 311334 | 290596 |
| Fidelity® VIP Equity-Income Service Class 2 | 484474 | 601701 |
| Fidelity® VIP Government Money Market Initial Class | 75185 | 193815 |
| Fidelity® VIP Government Money Market Service Class 2 | 9066 | 24328 |
| Fidelity® VIP Growth Initial Class | 1126808 | 847855 |
| Fidelity® VIP Growth Service Class 2 | 347451 | 730250 |
| Fidelity® VIP Growth & Income Initial Class | 337114 | 324159 |
| Fidelity® VIP Growth & Income Service Class 2 | 44717 | 93707 |
| Fidelity® VIP Growth Opportunities Initial Class | 64549 | 417642 |
| Fidelity® VIP Growth Opportunities Service Class | 34332 | 203198 |
| Fidelity® VIP Growth Opportunities Service Class 2 | 17334 | 52985 |
| Fidelity® VIP High Income Initial Class | 114259 | 151754 |
| Fidelity® VIP High Income Service Class | 32738 | 48210 |
| Fidelity® VIP High Income Service Class 2 | 14848 | 8379 |
| Fidelity® VIP Index 500 Initial Class | 341022 | 2090357 |
| Fidelity® VIP Index 500 Service Class 2 | 175966 | 112943 |
| Fidelity® VIP Investment Grade Bond Initial Class | 111642 | 324100 |
| Fidelity® VIP Investment Grade Bond Service Class 2 | 13961 | 50060 |
| Fidelity® VIP Mid Cap Initial Class | 427649 | 358776 |
| Fidelity® VIP Mid Cap Service Class 2 | 886494 | 867734 |
| Fidelity® VIP Overseas Initial Class | 83316 | 113920 |
| Fidelity® VIP Value Strategies Service Class 2 | 301134 | 453378 |
| Franklin Income Class 2 Shares | 7670 | 14814 |
| Franklin Mutual Shares Class 2 Shares | 350757 | 382697 |
| Franklin Rising Dividends Class 2 Shares | 151466 | 209100 |
| Franklin Small Cap Value Class 2 Shares | 95392 | 66398 |
| Franklin Small-Mid Cap Growth Class 2 Shares | 213255 | 306932 |
| Franklin Templeton Developing Markets Class 2 Shares | 12337 | 32101 |
| Franklin Templeton Foreign Class 2 Shares | 130248 | 168779 |
| Invesco V.I. American Franchise Series I Shares | 161557 | 768919 |
| Invesco V.I. American Franchise Series II Shares | 37064 | 13336 |

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| | | |
|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **3. Investments (continued)** |  |  |
| **Subaccount** | **Purchases** | **Sales** |
| Invesco V.I. American Value Series II Shares | 73572 | 47612 |
| Invesco V.I. Comstock Series II Shares | 149493 | 143979 |
| Invesco V.I. Core Equity Series II Shares | $98653 | $132493 |
| Invesco V.I. Discovery Large Cap Series I Shares | 941813 | 1268122 |
| Invesco V.I. Discovery Large Cap Series II Shares | 89705 | 71394 |
| Invesco V.I. Discovery Mid Cap Growth Series II Shares | 14995 | 53243 |
| Invesco V.I. Equity and Income Series I Shares | 62577 | 174460 |
| Invesco V.I. Equity and Income Series II Shares | 181810 | 372493 |
| Invesco V.I. EQV International Equity Series I Shares | 29957 | 16527 |
| Invesco V.I. EQV International Equity Series II Shares | 4226 | 3939 |
| Invesco V.I. Global Series I Shares | 303065 | 613803 |
| Invesco V.I. Global Series II Shares | 8474 | 1513 |
| Invesco V.I. Global Strategic Income Series I Shares | 63671 | 80615 |
| Invesco V.I. Global Strategic Income Series II Shares | 23256 | 37688 |
| Invesco V.I. Government Securities Series I Shares | 6490 | 23046 |
| Invesco V.I. Government Securities Series II Shares | 7666 | 22586 |
| Invesco V.I. Main Street Series I Shares | 474919 | 619663 |
| Invesco V.I. Main Street Series II Shares | 45164 | 39631 |
| Invesco V.I. Main Street Mid Cap Series II Shares | 29411 | 26962 |
| Invesco V.I. Main Street Small Cap Series II Shares | 5597 | 5967 |
| Janus Henderson - Balanced Service Shares | 139967 | 216953 |
| Janus Henderson - Enterprise Service Shares | 118742 | 300414 |
| Janus Henderson - Forty Service Shares | 32182 | 12639 |
| Janus Henderson - Global Research Service Shares | 174405 | 170138 |
| Janus Henderson - Mid Cap Value Service Shares | 12737 | 3573 |
| Janus Henderson - Overseas Service Shares | 15247 | 160335 |
| Janus Henderson - Research Service Shares | 77816 | 148737 |
| LVIP JPMorgan Core Bond Standard Shares | 160448 | 382283 |
| LVIP JPMorgan Mid Cap Value Standard Shares | 129546 | 152132 |
| LVIP JPMorgan U.S. Equity Standard Shares | 93346 | 323009 |
| MFS® Core Equity Initial Class | 3708 | 2762 |
| MFS® Growth Initial Class | 878585 | 1082107 |
| MFS® Growth Service Class | 264292 | 54925 |
| MFS® Massachusetts Investors Growth Stock Initial Class | 9179 | 7937 |
| MFS® Massachusetts Investors Growth Stock Service Class | 190218 | 134225 |
| MFS® New Discovery Initial Class | 5033 | 43097 |

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| | | |
|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **3. Investments (continued)** |  |  |
| **Subaccount** | **Purchases** | **Sales** |
| MFS® New Discovery Service Class | 61 | 29025 |
| MFS® Research Initial Class | 385418 | 199875 |
| MFS® Research Service Class | 253498 | 149798 |
| MFS® Total Return Initial Class | $487440 | $706190 |
| MFS® Total Return Service Class | 178117 | 188286 |
| MFS® Total Return Bond Initial Class | 5287 | 11226 |
| MFS® Total Return Bond Service Class | 55897 | 127702 |
| MFS® Utilities Initial Class | 200562 | 752170 |
| MFS® Utilities Service Class | 33955 | 109122 |
| Putnam VT Core Equity Class IB Shares | 31 | 6 |
| Putnam VT Diversified Income Class IB Shares | 13726 | 25573 |
| Putnam VT Focused International Equity Class IB Shares | 32815 | 53889 |
| Putnam VT George Putnam Balanced Class IB Shares | 41797 | 58407 |
| Putnam VT Global Health Care Class IB Shares | 12808 | 71724 |
| Putnam VT Government Money Market Class IB Shares | 788077 | 236400 |
| Putnam VT Income Class IB Shares | 6903 | 1823 |
| Putnam VT International Equity Class IB Shares | 3115 | 8173 |
| Putnam VT Large Cap Growth Class IB Shares | 78328 | 63530 |
| Putnam VT Large Cap Value Class IB Shares | 291922 | 445195 |
| Putnam VT Research Class IB Shares | 15444 | 4416 |
| Putnam VT Sustainable Leaders Class IB Shares | 1177 | 9383 |
| TA Aegon Bond Initial Class | 1080740 | 843681 |
| TA Aegon Bond Service Class | 335793 | 349258 |
| TA Aegon Core Bond Initial Class | 68900 | 142817 |
| TA Aegon High Yield Bond Initial Class | 355366 | 660332 |
| TA Aegon High Yield Bond Service Class | 20547 | 9871 |
| TA Aegon Sustainable Equity Income Initial Class | 574369 | 1445663 |
| TA Aegon Sustainable Equity Income Service Class | 134462 | 236763 |
| TA Aegon U.S. Government Securities Initial Class | 669907 | 430983 |
| TA Aegon U.S. Government Securities Service Class | 724727 | 967919 |
| TA BlackRock Government Money Market Initial Class | 1172780 | 1323291 |
| TA BlackRock Government Money Market Service Class | 341537 | 592694 |
| TA BlackRock iShares Edge 40 Initial Class | 125506 | 447948 |
| TA BlackRock iShares Edge 40 Service Class | 38957 | 31910 |
| TA BlackRock Real Estate Securities Initial Class | 7843 | 19416 |
| TA BlackRock Real Estate Securities Service Class | 21945 | 25285 |

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| | | |
|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **3. Investments (continued)** |  |  |
| **Subaccount** | **Purchases** | **Sales** |
| TA International Focus Initial Class | 169374 | 135584 |
| TA International Focus Service Class | 119082 | 18618 |
| TA Janus Mid-Cap Growth Initial Class | 1039671 | 1306579 |
| TA Janus Mid-Cap Growth Service Class | 65573 | 158624 |
| TA JPMorgan Asset Allocation - Conservative Initial Class | $1308064 | $1568409 |
| TA JPMorgan Asset Allocation - Conservative Service Class | 536084 | 1924088 |
| TA JPMorgan Asset Allocation - Moderate Initial Class | 1695555 | 2103154 |
| TA JPMorgan Asset Allocation - Moderate Service Class | 1286353 | 5912090 |
| TA JPMorgan Asset Allocation - Moderate Growth Initial Class | 858274 | 3116052 |
| TA JPMorgan Asset Allocation - Moderate Growth Service Class | 3111566 | 13580939 |
| TA JPMorgan Diversified Equity Allocation Initial Class | 1007103 | 1838418 |
| TA JPMorgan Diversified Equity Allocation Service Class | 448525 | 2068936 |
| TA JPMorgan Enhanced Index Initial Class | 2039154 | 1794225 |
| TA JPMorgan Enhanced Index Service Class | 122501 | 301919 |
| TA JPMorgan International Moderate Growth Initial Class | 20920 | 24210 |
| TA JPMorgan International Moderate Growth Service Class | 180126 | 828485 |
| TA JPMorgan Tactical Allocation Initial Class | 28830 | 89745 |
| TA JPMorgan Tactical Allocation Service Class | 22521 | 84161 |
| TA Multi-Managed Balanced Initial Class | 630361 | 929461 |
| TA Multi-Managed Balanced Service Class | 2358026 | 2476096 |
| TA Small/Mid Cap Value Initial Class | 384846 | 276232 |
| TA T. Rowe Price Small Cap Initial Class | 340425 | 249060 |
| TA T. Rowe Price Small Cap Service Class | 137645 | 62529 |
| TA TSW International Equity Initial Class | 71904 | 140941 |
| TA TSW International Equity Service Class | 42585 | 89835 |
| TA TSW Mid Cap Value Opportunities Initial Class | 359398 | 131264 |
| TA WMC US Growth Initial Class | 7883557 | 7650055 |
| TA WMC US Growth Service Class | 1155814 | 1297191 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Units** |  |  |  |  |  |  |
| The change in units outstanding were as follows:  | The change in units outstanding were as follows:  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** |
| AB Large Cap Growth Class B Shares |  | (47608) | (47608) | 17 | (102593) | (102576) |
| AB Relative Value Class B Shares | 66584 | (114379) | (47795) | 162616 | (239545) | (76929) |
| AB Sustainable Global Thematic Growth Class B Shares | 1892 | (23694) | (21802) | 9611 | (57171) | (47560) |
| Allspring VT Discovery All Cap Growth Class 1 Shares | 500 | (9418) | (8918) | 140 | (22337) | (22197) |
| Allspring VT Discovery All Cap Growth Class 2 Shares | 937 | (1595) | (658) |  | (8353) | (8353) |
| Allspring VT Opportunity Class 1 Shares | 9997 | (16272) | (6275) | 1001 | (30980) | (29979) |
| Allspring VT Opportunity Class 2 Shares |  | (994) | (994) | 479 | (8571) | (8092) |
| Allspring VT Small Cap Growth Class 1 Shares | 12402 | (14644) | (2242) | 365 | (22749) | (22384) |
| Allspring VT Small Cap Growth Class 2 Shares |  | (948) | (948) | 232 | (8696) | (8464) |
| BNY Mellon Small Cap Initial Shares | 1933 | (63283) | (61350) | 2362 | (11593) | (9231) |
| BNY Mellon Stock Index Initial Shares | 341 | (50154) | (49813) | 545 | (63457) | (62912) |
| BNY Mellon Stock Index Service Shares | 171 | (657) | (486) | 692 | (696) | (4) |
| BNY Mellon Sustainable U.S. Equity Initial Shares |  | (527) | (527) |  | (21642) | (21642) |
| BNY Mellon VIF Appreciation Initial Shares | 200 | (53625) | (53425) | 19694 | (78480) | (58786) |
| BNY Mellon VIF Government Money Market | 130602 | (73114) | 57488 | 102332 | (254655) | (152323) |
| BNY Mellon VIF Growth and Income Initial Shares | 455 | (73841) | (73386) | 44733 | (27588) | 17145 |
| Columbia - Acorn | 8760 | (37187) | (28427) | 6876 | (31750) | (24874) |
| Columbia - Dividend Opportunity Class 1 Shares | 115 | (19966) | (19851) | 129 | (37917) | (37788) |
| Columbia - Income Opportunity Class 1 Shares | 6510 | (36733) | (30223) | 31018 | (169802) | (138784) |
| Columbia - Large Cap Growth Class 1 Shares | 6775 | (66367) | (59592) | 22554 | (231716) | (209162) |
| Columbia - Overseas Core Class 2 Shares | 6433 | (54852) | (48419) | 10204 | (46746) | (36542) |
| Columbia - Select Mid Cap Growth Class 1 Shares | 338 | (13789) | (13451) | 1936 | (53500) | (51564) |
| Columbia - Select Mid Cap Value Class 1 Shares | 68 | (22665) | (22597) | 88 | (15343) | (15255) |
| Columbia - Small Cap Value Class 1 Shares | 6828 | (24495) | (17667) | 2586 | (21127) | (18541) |
| Columbia - Small Company Growth Class 1 Shares |  | (523) | (523) |  | (556) | (556) |
| Columbia - Strategic Income Class 1 Shares | 5074 | (32009) | (26935) | 10194 | (21564) | (11370) |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Units (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** |
| CTIVP® - Principal Large Cap Growth Class 1 Shares | 1221 | (69220) | (67999) | 3634 | (109512) | (105878) |
| Davis Equity | 1466 | (45925) | (44459) | 11249 | (168799) | (157550) |
| Federated Hermes Government Money II Service Shares | 30749 | (206575) | (175826) | 77612 | (296648) | (219036) |
| Federated Hermes High Income Bond II Primary Shares | 7029 | (84985) | (77956) | 6976 | (60342) | (53366) |
| Federated Hermes Kaufmann II Primary Shares | 1710 | (23123) | (21413) | 6029 | (45791) | (39762) |
| Federated Hermes Kaufmann II Service Shares | 4617 | (33524) | (28907) | 6239 | (44102) | (37863) |
| Federated Hermes Managed Volatility II Primary Shares | 1563 | (12747) | (11184) | 259 | (57586) | (57327) |
| Federated Hermes Managed Volatility II Service Shares | 2414 | (23195) | (20781) | 1883 | (26091) | (24208) |
| Federated Hermes Quality Bond II Primary Shares |  | (2693) | (2693) |  | (2129) | (2129) |
| Fidelity® VIP Asset Manager 50% Initial Class | 68867 | (80590) | (11723) | 644 | (48463) | (47819) |
| Fidelity® VIP Asset Manager 70% Initial Class |  | (32984) | (32984) |  | (37233) | (37233) |
| Fidelity® VIP Balanced Initial Class | 8775 | (48069) | (39294) | 12651 | (35271) | (22620) |
| Fidelity® VIP Balanced Service Class 2 | 6350 | (1462) | 4888 | 8584 | (17029) | (8445) |
| Fidelity® VIP Contrafund® Initial Class | 53 | (62487) | (62434) | 2246 | (91192) | (88946) |
| Fidelity® VIP Contrafund® Service Class 2 | 35389 | (591539) | (556150) | 186255 | (209090) | (22835) |
| Fidelity® VIP Equity-Income Initial Class | 6877 | (40063) | (33186) | 733 | (52969) | (52236) |
| Fidelity® VIP Equity-Income Service Class 2 | 17741 | (132180) | (114439) | 10587 | (270344) | (259757) |
| Fidelity® VIP Government Money Market Initial Class | 38395 | (140671) | (102276) | 200083 | (261342) | (61259) |
| Fidelity® VIP Government Money Market Service Class 2 | 2208 | (20343) | (18135) | 4954 | (24149) | (19195) |
| Fidelity® VIP Growth Initial Class | 11527 | (64793) | (53266) | 4810 | (80016) | (75206) |
| Fidelity® VIP Growth Service Class 2 | 429 | (144259) | (143830) | 755 | (78037) | (77282) |
| Fidelity® VIP Growth & Income Initial Class | 681 | (37913) | (37232) | 8608 | (67887) | (59279) |
| Fidelity® VIP Growth & Income Service Class 2 |  | (20417) | (20417) |  | (4990) | (4990) |
| Fidelity® VIP Growth Opportunities Initial Class | 307 | (32260) | (31953) | 1439 | (29474) | (28035) |
| Fidelity® VIP Growth Opportunities Service Class | 298 | (18902) | (18604) | 8937 | (51022) | (42085) |
| Fidelity® VIP Growth Opportunities Service Class 2 | 342 | (3832) | (3490) | 448 | (2483) | (2035) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Units (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** |
| Fidelity® VIP High Income Initial Class | 30156 | (60585) | (30429) | 8703 | (44364) | (35661) |
| Fidelity® VIP High Income Service Class | 1122 | (14806) | (13684) | 12310 | (45324) | (33014) |
| Fidelity® VIP High Income Service Class 2 | 821 | (2153) | (1332) | 1970 | (50430) | (48460) |
| Fidelity® VIP Index 500 Initial Class | 6228 | (220354) | (214126) | 70022 | (327900) | (257878) |
| Fidelity® VIP Index 500 Service Class 2 | 14371 | (12218) | 2153 | 14330 | (125612) | (111282) |
| Fidelity® VIP Investment Grade Bond Initial Class | 16156 | (141985) | (125829) | 10038 | (174560) | (164522) |
| Fidelity® VIP Investment Grade Bond Service Class 2 | 148 | (25806) | (25658) | 9475 | (39354) | (29879) |
| Fidelity® VIP Mid Cap Initial Class | 538 | (25866) | (25328) | 1090 | (18019) | (16929) |
| Fidelity® VIP Mid Cap Service Class 2 | 32114 | (133850) | (101736) | 25008 | (192864) | (167856) |
| Fidelity® VIP Overseas Initial Class | 156 | (29632) | (29476) | 6782 | (10816) | (4034) |
| Fidelity® VIP Value Strategies Service Class 2 | 47321 | (101258) | (53937) | 3941 | (30522) | (26581) |
| Franklin Income Class 2 Shares |  | (6389) | (6389) |  | (1071) | (1071) |
| Franklin Mutual Shares Class 2 Shares | 834 | (124344) | (123510) | 823 | (160366) | (159543) |
| Franklin Rising Dividends Class 2 Shares | 973 | (34408) | (33435) | 23875 | (22941) | 934 |
| Franklin Small Cap Value Class 2 Shares | 1390 | (9444) | (8054) | 7186 | (28326) | (21140) |
| Franklin Small-Mid Cap Growth Class 2 Shares | 4377 | (56244) | (51867) | 6403 | (128245) | (121842) |
| Franklin Templeton Developing Markets Class 2 Shares | 335 | (8539) | (8204) | 8064 | (12933) | (4869) |
| Franklin Templeton Foreign Class 2 Shares | 613 | (78019) | (77406) | 6304 | (105192) | (98888) |
| Invesco V.I. American Franchise Series I Shares |  | (167499) | (167499) |  | (114318) | (114318) |
| Invesco V.I. American Franchise Series II Shares | 20 | (1940) | (1920) | 55 | (12727) | (12672) |
| Invesco V.I. American Value Series II Shares | 682 | (2687) | (2005) | 17 | (51716) | (51699) |
| Invesco V.I. Comstock Series II Shares | 5159 | (29443) | (24284) | 6651 | (40377) | (33726) |
| Invesco V.I. Core Equity Series II Shares | 1408 | (25819) | (24411) | 1363 | (14169) | (12806) |
| Invesco V.I. Discovery Large Cap Series I Shares | 10418 | (173828) | (163410) | 20944 | (325047) | (304103) |
| Invesco V.I. Discovery Large Cap Series II Shares | 2474 | (11280) | (8806) | 743 | (23021) | (22278) |
| Invesco V.I. Discovery Mid Cap Growth Series II Shares | 268 | (3165) | (2897) | 233 | (1520) | (1287) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Units (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** |
| Invesco V.I. Equity and Income Series I Shares | 3070 | (150013) | (146943) | 1062704 | (204083) | 858621 |
| Invesco V.I. Equity and Income Series II Shares | 4371 | (98671) | (94300) | 13567 | (83200) | (69633) |
| Invesco V.I. EQV International Equity Series I Shares | 390 | (4601) | (4211) | 11415 | (23250) | (11835) |
| Invesco V.I. EQV International Equity Series II Shares |  | (837) | (837) |  | (1115) | (1115) |
| Invesco V.I. Global Series I Shares | 1600 | (78741) | (77141) | 2687 | (25545) | (22858) |
| Invesco V.I. Global Series II Shares | 55 | (193) | (138) | 73 | (250) | (177) |
| Invesco V.I. Global Strategic Income Series I Shares | 4140 | (31714) | (27574) | 1574 | (116205) | (114631) |
| Invesco V.I. Global Strategic Income Series II Shares | 3989 | (20463) | (16474) | 3127 | (21030) | (17903) |
| Invesco V.I. Government Securities Series I Shares | 298 | (13057) | (12759) | 361 | (26909) | (26548) |
| Invesco V.I. Government Securities Series II Shares | 1361 | (16215) | (14854) | 2346 | (14211) | (11865) |
| Invesco V.I. Main Street Series I Shares | 42873 | (109089) | (66216) | 8058 | (119909) | (111851) |
| Invesco V.I. Main Street Series II Shares | 417 | (4086) | (3669) | 10449 | (28111) | (17662) |
| Invesco V.I. Main Street Mid Cap Series II Shares | 1270 | (6478) | (5208) | 1223 | (5678) | (4455) |
| Invesco V.I. Main Street Small Cap Series II Shares | 41 | (690) | (649) | 54 | (1122) | (1068) |
| Janus Henderson - Balanced Service Shares | 1078 | (44922) | (43844) | 2582 | (113291) | (110709) |
| Janus Henderson - Enterprise Service Shares |  | (85054) | (85054) |  | (30218) | (30218) |
| Janus Henderson - Forty Service Shares |  | (1520) | (1520) |  | (8308) | (8308) |
| Janus Henderson - Global Research Service Shares | 13374 | (66472) | (53098) |  | (38825) | (38825) |
| Janus Henderson - Mid Cap Value Service Shares |  | (402) | (402) |  | (437) | (437) |
| Janus Henderson - Overseas Service Shares | 1061 | (64141) | (63080) | 3551 | (84767) | (81216) |
| Janus Henderson - Research Service Shares |  | (36690) | (36690) |  | (37610) | (37610) |
| LVIP JPMorgan Core Bond Standard Shares | 65106 | (226821) | (161715) | 145450 | (310175) | (164725) |
| LVIP JPMorgan Mid Cap Value Standard Shares | 7157 | (27611) | (20454) | 15351 | (59432) | (44081) |
| LVIP JPMorgan U.S. Equity Standard Shares | 11763 | (62592) | (50829) | 29625 | (153713) | (124088) |
| MFS® Core Equity Initial Class |  | (789) | (789) |  | (944) | (944) |
| MFS® Growth Initial Class | 6646 | (124330) | (117684) | 12170 | (83600) | (71430) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Units (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** |
| MFS® Growth Service Class |  | (3924) | (3924) |  | (18032) | (18032) |
| MFS® Massachusetts Investors Growth Stock Initial Class |  | (2290) | (2290) |  | (1842) | (1842) |
| MFS® Massachusetts Investors Growth Stock Service Class | 5657 | (38246) | (32589) | 6417 | (58234) | (51817) |
| MFS® New Discovery Initial Class | 1842 | (11302) | (9460) | 3399 | (12748) | (9349) |
| MFS® New Discovery Service Class | 27 | (5133) | (5106) | 73 | (9767) | (9694) |
| MFS® Research Initial Class | 1509 | (30126) | (28617) | 1494 | (33788) | (32294) |
| MFS® Research Service Class | 120 | (20422) | (20302) | 58 | (11769) | (11711) |
| MFS® Total Return Initial Class | 91 | (176876) | (176785) | 5946 | (224282) | (218336) |
| MFS® Total Return Service Class | 423 | (56061) | (55638) | 19301 | (208514) | (189213) |
| MFS® Total Return Bond Initial Class | 15 | (4639) | (4624) | 598 | (8028) | (7430) |
| MFS® Total Return Bond Service Class | 14465 | (76519) | (62054) | 26695 | (51823) | (25128) |
| MFS® Utilities Initial Class | 3851 | (107267) | (103416) | 10069 | (80399) | (70330) |
| MFS® Utilities Service Class | 126 | (13070) | (12944) | 7976 | (9595) | (1619) |
| Putnam VT Core Equity Class IB Shares |  | (1) | (1) |  |  |  |
| Putnam VT Diversified Income Class IB Shares | 920 | (12540) | (11620) | 1286 | (6361) | (5075) |
| Putnam VT Focused International Equity Class IB Shares | 1478 | (15500) | (14022) | 850 | (21070) | (20220) |
| Putnam VT George Putnam Balanced Class IB Shares | 16 | (14601) | (14585) | 37 | (7712) | (7675) |
| Putnam VT Global Health Care Class IB Shares | 1742 | (14090) | (12348) | 23350 | (9093) | 14257 |
| Putnam VT Government Money Market Class IB Shares | 653526 | (210206) | 443320 | 453290 | (312589) | 140701 |
| Putnam VT Income Class IB Shares |  | (2) | (2) |  | (4) | (4) |
| Putnam VT International Equity Class IB Shares |  | (3249) | (3249) |  | (8180) | (8180) |
| Putnam VT Large Cap Growth Class IB Shares | 628 | (9513) | (8885) | 811 | (46061) | (45250) |
| Putnam VT Large Cap Value Class IB Shares | 2916 | (60977) | (58061) | 8278 | (31042) | (22764) |
| Putnam VT Research Class IB Shares |  | (192) | (192) |  | (185) | (185) |
| Putnam VT Sustainable Leaders Class IB Shares |  | (1106) | (1106) |  | (115) | (115) |
| TA Aegon Bond Initial Class | 515033 | (497937) | 17096 | 157688 | (632826) | (475138) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Units (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** |
| TA Aegon Bond Service Class | 108319 | (210416) | (102097) | 59720 | (180714) | (120994) |
| TA Aegon Core Bond Initial Class | 24750 | (84538) | (59788) | 124841 | (148143) | (23302) |
| TA Aegon High Yield Bond Initial Class | 80662 | (241707) | (161045) | 23335 | (192082) | (168747) |
| TA Aegon High Yield Bond Service Class | 738 | (2834) | (2096) | 2465 | (13766) | (11301) |
| TA Aegon Sustainable Equity Income Initial Class | 106987 | (425467) | (318480) | 26905 | (548878) | (521973) |
| TA Aegon Sustainable Equity Income Service Class | 27453 | (74706) | (47253) | 26753 | (86766) | (60013) |
| TA Aegon U.S. Government Securities Initial Class | 428559 | (305422) | 123137 | 103110 | (287329) | (184219) |
| TA Aegon U.S. Government Securities Service Class | 515277 | (738363) | (223086) | 63518 | (762313) | (698795) |
| TA BlackRock Government Money Market Initial Class | 1042056 | (1346325) | (304269) | 1994081 | (2331863) | (337782) |
| TA BlackRock Government Money Market Service Class | 215569 | (525366) | (309797) | 680291 | (1483456) | (803165) |
| TA BlackRock iShares Edge 40 Initial Class | 36970 | (219529) | (182559) | 15054 | (74992) | (59938) |
| TA BlackRock iShares Edge 40 Service Class | 14981 | (16022) | (1041) | 5143 | (66156) | (61013) |
| TA BlackRock Real Estate Securities Initial Class | 1005 | (5305) | (4300) | 1954 | (12463) | (10509) |
| TA BlackRock Real Estate Securities Service Class | 7030 | (10500) | (3470) | 6133 | (11554) | (5421) |
| TA International Focus Initial Class | 45991 | (68482) | (22491) | 8981 | (106115) | (97134) |
| TA International Focus Service Class | 10914 | (5165) | 5749 | 772 | (16764) | (15992) |
| TA Janus Mid-Cap Growth Initial Class | 19050 | (229623) | (210573) | 26667 | (143037) | (116370) |
| TA Janus Mid-Cap Growth Service Class | 546 | (33246) | (32700) | 541 | (7172) | (6631) |
| TA JPMorgan Asset Allocation - Conservative Initial Class | 584819 | (758779) | (173960) | 52111 | (703760) | (651649) |
| TA JPMorgan Asset Allocation - Conservative Service Class | 63525 | (945476) | (881951) | 24252 | (1233281) | (1209029) |
| TA JPMorgan Asset Allocation - Moderate Initial Class | 473077 | (789316) | (316239) | 127030 | (978045) | (851015) |
| TA JPMorgan Asset Allocation - Moderate Service Class | 113828 | (2312547) | (2198719) | 681096 | (2346751) | (1665655) |
| TA JPMorgan Asset Allocation - Moderate Growth Initial Class | 94262 | (942882) | (848620) | 118499 | (903709) | (785210) |
| TA JPMorgan Asset Allocation - Moderate Growth Service Class | 378488 | (4630457) | (4251969) | 1120948 | (5513574) | (4392626) |
| TA JPMorgan Diversified Equity Allocation Initial Class | 177298 | (455861) | (278563) | 14229 | (174946) | (160717) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Units (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** | **Units Purchased** | **Units Redeemed and Transferred to/from** | **Net Increase (Decrease)** |
| TA JPMorgan Diversified Equity Allocation Service Class | 27484 | (518368) | (490884) | 42171 | (252872) | (210701) |
| TA JPMorgan Enhanced Index Initial Class | 192621 | (399880) | (207259) | 1933557 | (380287) | 1553270 |
| TA JPMorgan Enhanced Index Service Class | 1504 | (46347) | (44843) |  | (37704) | (37704) |
| TA JPMorgan International Moderate Growth Initial Class | 8962 | (14356) | (5394) | 346 | (67145) | (66799) |
| TA JPMorgan International Moderate Growth Service Class | 18500 | (506229) | (487729) | 42636 | (550265) | (507629) |
| TA JPMorgan Tactical Allocation Initial Class | 7281 | (44264) | (36983) | 3908 | (25454) | (21546) |
| TA JPMorgan Tactical Allocation Service Class | 6530 | (47147) | (40617) | 14655 | (96151) | (81496) |
| TA Multi-Managed Balanced Initial Class | 69181 | (219535) | (150354) | 1065 | (101433) | (100368) |
| TA Multi-Managed Balanced Service Class | 613 | (607591) | (606978) | 33000 | (1099766) | (1066766) |
| TA Small/Mid Cap Value Initial Class | 761 | (16285) | (15524) | 839 | (44920) | (44081) |
| TA T. Rowe Price Small Cap Initial Class | 17129 | (52271) | (35142) | 17506 | (139672) | (122166) |
| TA T. Rowe Price Small Cap Service Class | 283 | (9056) | (8773) | 74 | (7468) | (7394) |
| TA TSW International Equity Initial Class | 12862 | (76435) | (63573) | 30156 | (124767) | (94611) |
| TA TSW International Equity Service Class | 4748 | (37495) | (32747) | 3068 | (48030) | (44962) |
| TA TSW Mid Cap Value Opportunities Initial Class | 7732 | (27607) | (19875) | 24440 | (79344) | (54904) |
| TA WMC US Growth Initial Class | 109830 | (1630845) | (1521015) | 113035 | (1391596) | (1278561) |
| TA WMC US Growth Service Class | 18743 | (166074) | (147331) | 16454 | (226096) | (209642) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Unit Dollars (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** |
| AB Large Cap Growth Class B Shares | $- | $(216324) | $(216324) | $102 | $(402877) | $(402775) |
| AB Relative Value Class B Shares | 223950 | (376182) | (152232) | 600505 | (871481) | (270976) |
| AB Sustainable Global Thematic Growth Class B Shares | 4267 | (33785) | (29518) | 25462 | (109126) | (83664) |
| Allspring VT Discovery All Cap Growth Class 1 Shares | 3303 | (54732) | (51429) | 857 | (130303) | (129446) |
| Allspring VT Discovery All Cap Growth Class 2 Shares | 8199 | (13861) | (5662) |  | (60787) | (60787) |
| Allspring VT Opportunity Class 1 Shares | 38143 | (67308) | (29165) | 3585 | (118363) | (114778) |
| Allspring VT Opportunity Class 2 Shares |  | (3849) | (3849) | 2024 | (30596) | (28572) |
| Allspring VT Small Cap Growth Class 1 Shares | 33094 | (50123) | (17029) | 1115 | (73022) | (71907) |
| Allspring VT Small Cap Growth Class 2 Shares |  | (3346) | (3346) | 877 | (26821) | (25944) |
| BNY Mellon Small Cap Initial Shares | 5422 | (192647) | (187225) | 6577 | (33275) | (26698) |
| BNY Mellon Stock Index Initial Shares | 2080 | (321095) | (319015) | 3016 | (363285) | (360269) |
| BNY Mellon Stock Index Service Shares | 725 | (2897) | (2172) | 2751 | (2760) | (9) |
| BNY Mellon Sustainable U.S. Equity Initial Shares |  | (1748) | (1748) |  | (62940) | (62940) |
| BNY Mellon VIF Appreciation Initial Shares | 1236 | (337298) | (336062) | 119939 | (440679) | (320740) |
| BNY Mellon VIF Government Money Market | 145914 | (83735) | 62179 | 114332 | (283834) | (169502) |
| BNY Mellon VIF Growth and Income Initial Shares | 2864 | (475001) | (472137) | 264389 | (147123) | 117266 |
| Columbia - Acorn | 33744 | (161009) | (127265) | 26997 | (126077) | (99080) |
| Columbia - Dividend Opportunity Class 1 Shares | 1394 | (61166) | (59772) | 1865 | (97956) | (96091) |
| Columbia - Income Opportunity Class 1 Shares | 9299 | (52189) | (42890) | 38282 | (228550) | (190268) |
| Columbia - Large Cap Growth Class 1 Shares | 21368 | (234788) | (213420) | 63755 | (735100) | (671345) |
| Columbia - Overseas Core Class 2 Shares | 9303 | (87128) | (77825) | 13462 | (62654) | (49192) |
| Columbia - Select Mid Cap Growth Class 1 Shares | 1136 | (47477) | (46341) | 5131 | (151061) | (145930) |
| Columbia - Select Mid Cap Value Class 1 Shares | 1145 | (67051) | (65906) | 1344 | (44913) | (43569) |
| Columbia - Small Cap Value Class 1 Shares | 35396 | (129881) | (94485) | 10481 | (92218) | (81737) |
| Columbia - Small Company Growth Class 1 Shares |  | (2738) | (2738) |  | (2604) | (2604) |
| Columbia - Strategic Income Class 1 Shares | 11292 | (72678) | (61386) | 20981 | (46649) | (25668) |
| CTIVP® - Principal Large Cap Growth Class 1 Shares | 3595 | (224374) | (220779) | 10054 | (303631) | (293577) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Unit Dollars (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** |
| Davis Equity | 5776 | (187884) | (182108) | 40349 | (594890) | (554541) |
| Federated Hermes Government Money II Service Shares | $30808 | $(206923) | $(176115) | $75900 | $(290171) | $(214271) |
| Federated Hermes High Income Bond II Primary Shares | 17343 | (239003) | (221660) | 16175 | (167271) | (151096) |
| Federated Hermes Kaufmann II Primary Shares | 8015 | (131140) | (123125) | 29292 | (240978) | (211686) |
| Federated Hermes Kaufmann II Service Shares | 20716 | (153139) | (132423) | 25174 | (180384) | (155210) |
| Federated Hermes Managed Volatility II Primary Shares | 3972 | (33181) | (29209) | 687 | (141628) | (140941) |
| Federated Hermes Managed Volatility II Service Shares | 3118 | (30975) | (27857) | 2270 | (32014) | (29744) |
| Federated Hermes Quality Bond II Primary Shares |  | (4792) | (4792) |  | (3613) | (3613) |
| Fidelity® VIP Asset Manager 50% Initial Class | 248850 | (286873) | (38023) | 1588 | (163150) | (161562) |
| Fidelity® VIP Asset Manager 70% Initial Class |  | (140004) | (140004) |  | (138091) | (138091) |
| Fidelity® VIP Balanced Initial Class | 45778 | (270826) | (225048) | 68398 | (181747) | (113349) |
| Fidelity® VIP Balanced Service Class 2 | 109118 | (23754) | 85364 | 31643 | (60177) | (28534) |
| Fidelity® VIP Contrafund® Initial Class | 455 | (880194) | (879739) | 14643 | (1014537) | (999894) |
| Fidelity® VIP Contrafund® Service Class 2 | 225117 | (4088482) | (3863365) | 1120670 | (1181349) | (60679) |
| Fidelity® VIP Equity-Income Initial Class | 40452 | (241965) | (201513) | 2145 | (285005) | (282860) |
| Fidelity® VIP Equity-Income Service Class 2 | 67020 | (518914) | (451894) | 33337 | (944009) | (910672) |
| Fidelity® VIP Government Money Market Initial Class | 51705 | (186312) | (134607) | 254889 | (334551) | (79662) |
| Fidelity® VIP Government Money Market Service Class 2 | 2361 | (21948) | (19587) | 5203 | (25376) | (20173) |
| Fidelity® VIP Growth Initial Class | 113845 | (743621) | (629776) | 32445 | (820629) | (788184) |
| Fidelity® VIP Growth Service Class 2 | 2757 | (693298) | (690541) | 4845 | (433758) | (428913) |
| Fidelity® VIP Growth & Income Initial Class | 3755 | (282853) | (279098) | 47632 | (420078) | (372446) |
| Fidelity® VIP Growth & Income Service Class 2 |  | (88242) | (88242) |  | (19516) | (19516) |
| Fidelity® VIP Growth Opportunities Initial Class | 3484 | (365428) | (361944) | 10724 | (253106) | (242382) |
| Fidelity® VIP Growth Opportunities Service Class | 3112 | (173046) | (169934) | 71033 | (411548) | (340515) |
| Fidelity® VIP Growth Opportunities Service Class 2 | 3309 | (37841) | (34532) | 3600 | (20492) | (16892) |
| Fidelity® VIP High Income Initial Class | 71673 | (142855) | (71182) | 19243 | (97010) | (77767) |
| Fidelity® VIP High Income Service Class | 2703 | (41498) | (38795) | 26574 | (110988) | (84414) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Unit Dollars (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** |
| Fidelity® VIP High Income Service Class 2 | 1923 | (5728) | (3805) | 3973 | (108141) | (104168) |
| Fidelity® VIP Index 500 Initial Class | 36588 | (1834634) | (1798046) | 389155 | (2370108) | (1980953) |
| Fidelity® VIP Index 500 Service Class 2 | $157114 | $(95058) | $62056 | $99185 | $(808419) | $(709234) |
| Fidelity® VIP Investment Grade Bond Initial Class | 20663 | (286953) | (266290) | 16600 | (331285) | (314685) |
| Fidelity® VIP Investment Grade Bond Service Class 2 | 204 | (44470) | (44266) | 16894 | (70684) | (53790) |
| Fidelity® VIP Mid Cap Initial Class | 5938 | (309005) | (303067) | 10325 | (201973) | (191648) |
| Fidelity® VIP Mid Cap Service Class 2 | 200106 | (786112) | (586006) | 108841 | (1085496) | (976655) |
| Fidelity® VIP Overseas Initial Class | 405 | (103113) | (102708) | 21507 | (32983) | (11476) |
| Fidelity® VIP Value Strategies Service Class 2 | 193875 | (420664) | (226789) | 24877 | (145818) | (120941) |
| Franklin Income Class 2 Shares |  | (13516) | (13516) |  | (2041) | (2041) |
| Franklin Mutual Shares Class 2 Shares | 1835 | (341510) | (339675) | 1656 | (460878) | (459222) |
| Franklin Rising Dividends Class 2 Shares | 1943 | (189151) | (187208) | 84079 | (113268) | (29189) |
| Franklin Small Cap Value Class 2 Shares | 7966 | (54412) | (46446) | 38584 | (150031) | (111447) |
| Franklin Small-Mid Cap Growth Class 2 Shares | 20970 | (258241) | (237271) | 64340 | (545944) | (481604) |
| Franklin Templeton Developing Markets Class 2 Shares | 324 | (24171) | (23847) | 24691 | (32697) | (8006) |
| Franklin Templeton Foreign Class 2 Shares | 919 | (148485) | (147566) | 12360 | (203691) | (191331) |
| Invesco V.I. American Franchise Series I Shares |  | (742116) | (742116) |  | (462790) | (462790) |
| Invesco V.I. American Franchise Series II Shares | 66 | (8769) | (8703) | 190 | (53316) | (53126) |
| Invesco V.I. American Value Series II Shares | 9264 | (41547) | (32283) | 212 | (631827) | (631615) |
| Invesco V.I. Comstock Series II Shares | 23196 | (132502) | (109306) | 26993 | (160478) | (133485) |
| Invesco V.I. Core Equity Series II Shares | 5807 | (116030) | (110223) | 5021 | (51265) | (46244) |
| Invesco V.I. Discovery Large Cap Series I Shares | 64928 | (1161808) | (1096880) | 127409 | (1828685) | (1701276) |
| Invesco V.I. Discovery Large Cap Series II Shares | 15372 | (63338) | (47966) | 4283 | (112031) | (107748) |
| Invesco V.I. Discovery Mid Cap Growth Series II Shares | 3912 | (51851) | (47939) | 3350 | (22424) | (19074) |
| Invesco V.I. Equity and Income Series I Shares | 3071 | (162844) | (159773) | 1065544 | (212169) | 853375 |
| Invesco V.I. Equity and Income Series II Shares | 16000 | (343841) | (327841) | 36895 | (273608) | (236713) |
| Invesco V.I. EQV International Equity Series I Shares | 672 | (10869) | (10197) | 31329 | (65179) | (33850) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Unit Dollars (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** |
| Invesco V.I. EQV International Equity Series II Shares |  | (3288) | (3288) |  | (4061) | (4061) |
| Invesco V.I. Global Series I Shares | 3848 | (587973) | (584125) | 9114 | (173414) | (164300) |
| Invesco V.I. Global Series II Shares | 295 | (936) | (641) | 317 | (1191) | (874) |
| Invesco V.I. Global Strategic Income Series I Shares | $9262 | $(67608) | $(58346) | $3010 | $(239418) | $(236408) |
| Invesco V.I. Global Strategic Income Series II Shares | 6433 | (33124) | (26691) | 4125 | (32249) | (28124) |
| Invesco V.I. Government Securities Series I Shares | 454 | (20438) | (19984) | 538 | (41086) | (40548) |
| Invesco V.I. Government Securities Series II Shares | 1437 | (19255) | (17818) | 2277 | (15946) | (13669) |
| Invesco V.I. Main Street Series I Shares | 249795 | (569981) | (320186) | 30205 | (564800) | (534595) |
| Invesco V.I. Main Street Series II Shares | 3980 | (30112) | (26132) | 49284 | (134815) | (85531) |
| Invesco V.I. Main Street Mid Cap Series II Shares | 4573 | (23723) | (19150) | 4069 | (18913) | (14844) |
| Invesco V.I. Main Street Small Cap Series II Shares | 693 | (5194) | (4501) | 813 | (7292) | (6479) |
| Janus Henderson - Balanced Service Shares | 4568 | (177690) | (173122) | 9019 | (412730) | (403711) |
| Janus Henderson - Enterprise Service Shares |  | (279963) | (279963) |  | (85524) | (85524) |
| Janus Henderson - Forty Service Shares |  | (9321) | (9321) |  | (41282) | (41282) |
| Janus Henderson - Global Research Service Shares | 30263 | (145452) | (115189) |  | (88467) | (88467) |
| Janus Henderson - Mid Cap Value Service Shares |  | (1347) | (1347) |  | (1428) | (1428) |
| Janus Henderson - Overseas Service Shares | 2241 | (146580) | (144339) | 6439 | (151899) | (145460) |
| Janus Henderson - Research Service Shares |  | (135426) | (135426) |  | (121318) | (121318) |
| LVIP JPMorgan Core Bond Standard Shares | 104287 | (350146) | (245859) | 224848 | (466595) | (241747) |
| LVIP JPMorgan Mid Cap Value Standard Shares | 35979 | (136762) | (100783) | 76277 | (284487) | (208210) |
| LVIP JPMorgan U.S. Equity Standard Shares | 50217 | (296071) | (245854) | 122407 | (644142) | (521735) |
| MFS® Core Equity Initial Class |  | (2309) | (2309) |  | (2475) | (2475) |
| MFS® Growth Initial Class | 54986 | (1011102) | (956116) | 82993 | (635611) | (552618) |
| MFS® Growth Service Class |  | (37332) | (37332) |  | (135881) | (135881) |
| MFS® Massachusetts Investors Growth Stock Initial Class |  | (7103) | (7103) |  | (5258) | (5258) |
| MFS® Massachusetts Investors Growth Stock Service Class | 17178 | (119500) | (102322) | 19741 | (166640) | (146899) |
| MFS® New Discovery Initial Class | 5037 | (39147) | (34110) | 11419 | (41916) | (30497) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Unit Dollars (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** |
| MFS® New Discovery Service Class | 61 | (24235) | (24174) | 186 | (46455) | (46269) |
| MFS® Research Initial Class | 6173 | (177305) | (171132) | 5808 | (168749) | (162941) |
| MFS® Research Service Class | 672 | (134706) | (134034) | 288 | (71275) | (70987) |
| MFS® Total Return Initial Class | 207 | (637356) | (637149) | 21934 | (751558) | (729624) |
| MFS® Total Return Service Class | $975 | $(161295) | $(160320) | $46289 | $(546525) | $(500236) |
| MFS® Total Return Bond Initial Class | 31 | (9629) | (9598) | 1244 | (16028) | (14784) |
| MFS® Total Return Bond Service Class | 22641 | (118694) | (96053) | 39918 | (78158) | (38240) |
| MFS® Utilities Initial Class | 22968 | (694175) | (671207) | 58660 | (479686) | (421026) |
| MFS® Utilities Service Class | 1286 | (97950) | (96664) | 53945 | (63281) | (9336) |
| Putnam VT Core Equity Class IB Shares |  | (1) | (1) |  | 2 | 2 |
| Putnam VT Diversified Income Class IB Shares | 1466 | (22552) | (21086) | 1750 | (10097) | (8347) |
| Putnam VT Focused International Equity Class IB Shares | 3528 | (40558) | (37030) | 1802 | (49366) | (47564) |
| Putnam VT George Putnam Balanced Class IB Shares | 30 | (46877) | (46847) | 68 | (23412) | (23344) |
| Putnam VT Global Health Care Class IB Shares | 3543 | (69263) | (65720) | 45969 | (32911) | 13058 |
| Putnam VT Government Money Market Class IB Shares | 708866 | (203965) | 504901 | 450555 | (298801) | 151754 |
| Putnam VT Income Class IB Shares |  | (3) | (3) |  | (8) | (8) |
| Putnam VT International Equity Class IB Shares |  | (7488) | (7488) |  | (15394) | (15394) |
| Putnam VT Large Cap Growth Class IB Shares | 4200 | (51620) | (47420) | 4738 | (281846) | (277108) |
| Putnam VT Large Cap Value Class IB Shares | 17381 | (398592) | (381211) | 52378 | (177479) | (125101) |
| Putnam VT Research Class IB Shares |  | (921) | (921) |  | (872) | (872) |
| Putnam VT Sustainable Leaders Class IB Shares |  | (9291) | (9291) |  | (863) | (863) |
| TA Aegon Bond Initial Class | 689565 | (750972) | (61407) | 217053 | (930419) | (713366) |
| TA Aegon Bond Service Class | 174963 | (322870) | (147907) | 92346 | (258325) | (165979) |
| TA Aegon Core Bond Initial Class | 32782 | (121623) | (88841) | 184889 | (214189) | (29300) |
| TA Aegon High Yield Bond Initial Class | 200491 | (619795) | (419304) | 53497 | (464523) | (411026) |
| TA Aegon High Yield Bond Service Class | 2071 | (7070) | (4999) | 6034 | (32799) | (26765) |
| TA Aegon Sustainable Equity Income Initial Class | 288055 | (1275327) | (987272) | 71919 | (1482056) | (1410137) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Unit Dollars (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** |
| TA Aegon Sustainable Equity Income Service Class | 92104 | (219464) | (127360) | 82662 | (230740) | (148078) |
| TA Aegon U.S. Government Securities Initial Class | 583595 | (388501) | 195094 | 134956 | (348800) | (213844) |
| TA Aegon U.S. Government Securities Service Class | 674444 | (951485) | (277041) | 78513 | (961621) | (883108) |
| TA BlackRock Government Money Market Initial Class | 931101 | (1198727) | (267626) | 1713442 | (2096573) | (383131) |
| TA BlackRock Government Money Market Service Class | 224219 | (558012) | (333793) | 731157 | (1560784) | (829627) |
| TA BlackRock iShares Edge 40 Initial Class | $71189 | $(432838) | $(361649) | $29175 | $(143261) | $(114086) |
| TA BlackRock iShares Edge 40 Service Class | 22762 | (29272) | (6510) | 8962 | (103476) | (94514) |
| TA BlackRock Real Estate Securities Initial Class | 3107 | (15116) | (12009) | 5765 | (38410) | (32645) |
| TA BlackRock Real Estate Securities Service Class | 19203 | (23562) | (4359) | 16098 | (26805) | (10707) |
| TA International Focus Initial Class | 82656 | (122819) | (40163) | 16425 | (196877) | (180452) |
| TA International Focus Service Class | 27635 | (12245) | 15390 | 2013 | (42188) | (40175) |
| TA Janus Mid-Cap Growth Initial Class | 105933 | (1186612) | (1080679) | 138517 | (680585) | (542068) |
| TA Janus Mid-Cap Growth Service Class | 2474 | (153549) | (151075) | 2254 | (33014) | (30760) |
| TA JPMorgan Asset Allocation - Conservative Initial Class | 953848 | (1423120) | (469272) | 142210 | (1401912) | (1259702) |
| TA JPMorgan Asset Allocation - Conservative Service Class | 99608 | (1782608) | (1683000) | 40444 | (2313474) | (2273030) |
| TA JPMorgan Asset Allocation - Moderate Initial Class | 1197924 | (1852749) | (654825) | 299201 | (2244471) | (1945270) |
| TA JPMorgan Asset Allocation - Moderate Service Class | 280582 | (5522965) | (5242383) | 1281935 | (5364644) | (4082709) |
| TA JPMorgan Asset Allocation - Moderate Growth Initial Class | 169392 | (2708448) | (2539056) | 278551 | (2488740) | (2210189) |
| TA JPMorgan Asset Allocation - Moderate Growth Service Class | 1282763 | (12707017) | (11424254) | 2984752 | (14341683) | (11356931) |
| TA JPMorgan Diversified Equity Allocation Initial Class | 709234 | (1719591) | (1010357) | 31777 | (607853) | (576076) |
| TA JPMorgan Diversified Equity Allocation Service Class | 100038 | (1959189) | (1859151) | 163311 | (845473) | (682162) |
| TA JPMorgan Enhanced Index Initial Class | 721005 | (1627220) | (906215) | 6933134 | (1433266) | 5499868 |
| TA JPMorgan Enhanced Index Service Class | 7858 | (293977) | (286119) |  | (202622) | (202622) |
| TA JPMorgan International Moderate Growth Initial Class | 12511 | (20676) | (8165) | 474 | (97901) | (97427) |
| TA JPMorgan International Moderate Growth Service Class | 28017 | (776807) | (748790) | 59694 | (778630) | (718936) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** | **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** | **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** | **Notes to Financial Statements** |
| **4. Change in Unit Dollars (continued)** |  |  |  |  |  |  |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
| **Subaccount** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** | **Units Purchased in Dollars** | **Units Redeemed and Transferred to/from in Dollars** | **Dollar Net Increase (Decrease)** |
| TA JPMorgan Tactical Allocation Initial Class | 13711 | (83431) | (69720) | 6822 | (46019) | (39197) |
| TA JPMorgan Tactical Allocation Service Class | 11304 | (79198) | (67894) | 22170 | (162925) | (140755) |
| TA Multi-Managed Balanced Initial Class | 261921 | (885720) | (623799) | 3259 | (380812) | (377553) |
| TA Multi-Managed Balanced Service Class | 2073 | (2295648) | (2293575) | 96686 | (4114445) | (4017759) |
| TA Small/Mid Cap Value Initial Class | 4271 | (227633) | (223362) | 8551 | (425785) | (417234) |
| TA T. Rowe Price Small Cap Initial Class | 61550 | (220644) | (159094) | 69675 | (675125) | (605450) |
| TA T. Rowe Price Small Cap Service Class | $1580 | $(55823) | $(54243) | $401 | $(40652) | $(40251) |
| TA TSW International Equity Initial Class | 23330 | (127857) | (104527) | 45146 | (179482) | (134336) |
| TA TSW International Equity Service Class | 11080 | (84886) | (73806) | 6940 | (101295) | (94355) |
| TA TSW Mid Cap Value Opportunities Initial Class | 29545 | (111100) | (81555) | 99155 | (338462) | (239307) |
| TA WMC US Growth Initial Class | 448385 | (6963796) | (6515411) | 388332 | (5225390) | (4837058) |
| TA WMC US Growth Service Class | 131904 | (1234710) | (1102806) | 108987 | (1414364) | (1305377) |

---

#### Transamerica Life Insurance Company

#### Retirement Builder Variable Annuity Account

#### Notes to Financial Statements

#### December 31, 2025
**5. Financial Highlights**

The Separate Account offers various death benefit options, which have differing fees that are charged against the contract owner's account balance. These charges are discussed in more detail in the individual's policy. Differences in the fee structures for these units result in different unit values, expense ratios, and total returns.

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
| | |  | |  | | | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
| | |  | |  | | | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
| | |  | |  | | | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| <br>**Subaccount** | <br>**Units** | | **Unit Fair Value**<br>**Corresponding to**<br>**Lowest to Highest**<br>**Expense Ratio** | | <br>**Net**<br>**Assets** | <br>**Investment**<br>**Income**<br>**Ratio\*** | **Highest** | **Highest** | **Highest** | | **Expense Ratio** | |
| AB Large Cap Growth Class B Shares | AB Large Cap Growth Class B Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 605219 | $9.09 | to | $32.33 | $2896068 | -% | 0.85% | to | 2.95% | 11.90% | to | 9.62% |
| 12/31/2024 | 652827 | 8.12 | to | 29.49 | 2813989 |  | 0.85 | to | 2.95 | 23.89 | to | 21.35 |
| 12/31/2023 | 755403 | 6.55 | to | 24.30 | 2656726 |  | 0.85 | to | 2.95 | 33.66 | to | 30.94 |
| 12/31/2022 | 803298 | 4.90 | to | 18.56 | 2132627 |  | 0.85 | to | 2.95 | (29.29) | to | (30.73) |
| 12/31/2021 | 853726 | 6.94 | to | 26.79 | 3263647 |  | 0.85 | to | 2.95 | 27.57 | to | 24.97 |
| AB Relative Value Class B Shares | AB Relative Value Class B Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 543690 | 4.62 | to | 3.79 | 2040489 | 0.88 | 0.85 | to | 2.95 | 9.27 | to | 7.04 |
| 12/31/2024 | 591485 | 4.23 | to | 3.54 | 2031330 | 1.13 | 0.85 | to | 2.95 | 11.81 | to | 9.52 |
| 12/31/2023 | 668414 | 3.78 | to | 3.23 | 2067196 | 1.41 | 0.85 | to | 2.95 | 10.78 | to | 8.53 |
| 12/31/2022 | 776247 | 3.41 | to | 2.98 | 2158785 | 1.08 | 0.85 | to | 2.95 | (5.22) | to | (7.15) |
| 12/31/2021 | 860559 | 3.60 | to | 3.21 | 2506746 | 0.69 | 0.85 | to | 2.95 | 26.76 | to | 24.18 |
| AB Sustainable Global Thematic Growth Class B Shares | AB Sustainable Global Thematic Growth Class B Shares | AB Sustainable Global Thematic Growth Class B Shares | AB Sustainable Global Thematic Growth Class B Shares | AB Sustainable Global Thematic Growth Class B Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 424596 | 4.14 | to | 20.27 | 743142 |  | 1.05 | to | 2.65 | 4.92 | to | 3.29 |
| 12/31/2024 | 446398 | 3.95 | to | 19.62 | 741426 |  | 1.05 | to | 2.65 | 4.85 | to | 3.21 |
| 12/31/2023 | 493958 | 3.77 | to | 19.01 | 788692 | 0.03 | 1.05 | to | 2.65 | 14.50 | to | 12.72 |
| 12/31/2022 | 513388 | 3.29 | to | 16.86 | 724909 |  | 1.05 | to | 2.65 | (27.92) | to | (29.05) |
| 12/31/2021 | 594713 | 4.56 | to | 23.77 | 1135084 |  | 1.05 | to | 2.65 | 21.30 | to | 19.41 |
| Allspring VT Discovery All Cap Growth Class 1 Shares | Allspring VT Discovery All Cap Growth Class 1 Shares | Allspring VT Discovery All Cap Growth Class 1 Shares | Allspring VT Discovery All Cap Growth Class 1 Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 180335 | 7.04 | to | 4.00 | 1355747 |  | 1.25 | to | 2.50 | 14.10 | to | 12.71 |
| 12/31/2024 | 189253 | 6.17 | to | 3.55 | 1238235 |  | 1.25 | to | 2.50 | 19.80 | to | 18.33 |
| 12/31/2023 | 211450 | 5.15 | to | 3.00 | 1153057 |  | 1.25 | to | 2.50 | 31.85 | to | 30.25 |
| 12/31/2022 | 229861 | 3.91 | to | 2.30 | 945784 |  | 1.25 | to | 2.50 | (37.82) | to | (38.58) |
| 12/31/2021 | 268199 | 6.29 | to | 3.75 | 1750141 |  | 1.25 | to | 2.50 | 13.85 | to | 12.46 |
| Allspring VT Discovery All Cap Growth Class 2 Shares | Allspring VT Discovery All Cap Growth Class 2 Shares | Allspring VT Discovery All Cap Growth Class 2 Shares | Allspring VT Discovery All Cap Growth Class 2 Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 20888 | 10.07 | to | 28.05 | 192208 |  | 1.05 | to | 2.50 | 14.07 | to | 12.46 |
| 12/31/2024 | 21546 | 8.83 | to | 24.95 | 174507 |  | 1.05 | to | 2.50 | 19.74 | to | 18.03 |
| 12/31/2023 | 29899 | 7.37 | to | 21.13 | 202783 |  | 1.05 | to | 2.50 | 31.79 | to | 29.93 |
| 12/31/2022 | 32634 | 5.59 | to | 16.27 | 168817 |  | 1.05 | to | 2.50 | (37.85) | to | (38.73) |
| 12/31/2021 | 41559 | 9.00 | to | 26.55 | 346827 |  | 1.05 | to | 2.50 | 13.78 | to | 12.17 |
| Allspring VT Opportunity Class 1 Shares | Allspring VT Opportunity Class 1 Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 367406 | 4.52 | to | 3.79 | 1601089 | 0.30 | 1.25 | to | 2.50 | 5.68 | to | 4.40 |
| 12/31/2024 | 373681 | 4.28 | to | 3.63 | 1547739 | 0.27 | 1.25 | to | 2.50 | 13.91 | to | 12.52 |
| 12/31/2023 | 403660 | 3.75 | to | 3.23 | 1470104 |  | 1.25 | to | 2.50 | 25.27 | to | 23.75 |
| 12/31/2022 | 449435 | 3.00 | to | 2.61 | 1310221 |  | 1.25 | to | 2.50 | (21.59) | to | (22.54) |
| 12/31/2021 | 491012 | 3.82 | to | 3.37 | 1830364 | 0.25 | 1.25 | to | 2.50 | 23.52 | to | 22.02 |
| Allspring VT Opportunity Class 2 Shares | Allspring VT Opportunity Class 2 Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 15232 | 4.48 | to | 21.45 | 64092 | 0.05 | 1.05 | to | 2.50 | 5.60 | to | 4.11 |
| 12/31/2024 | 16226 | 4.24 | to | 20.61 | 64997 | 0.05 | 1.05 | to | 2.50 | 13.85 | to | 12.23 |
| 12/31/2023 | 24318 | 3.73 | to | 18.36 | 85865 |  | 1.05 | to | 2.50 | 25.19 | to | 23.42 |
| 12/31/2022 | 33129 | 2.98 | to | 14.88 | 94309 |  | 1.05 | to | 2.50 | (21.63) | to | (22.74) |
| 12/31/2021 | 36202 | 3.80 | to | 19.26 | 132082 | 0.04 | 1.05 | to | 2.50 | 23.48 | to | 21.74 |
| Allspring VT Small Cap Growth Class 1 Shares | Allspring VT Small Cap Growth Class 1 Shares | Allspring VT Small Cap Growth Class 1 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 206508 | 4.19 | to | 2.64 | 797764 |  | 1.25 | to | 2.50 | 8.20 | to | 6.88 |
| 12/31/2024 | 208750 | 3.87 | to | 2.47 | 756567 |  | 1.25 | to | 2.50 | 17.59 | to | 16.15 |
| 12/31/2023 | 231134 | 3.29 | to | 2.13 | 711673 |  | 1.25 | to | 2.50 | 3.07 | to | 1.82 |
| 12/31/2022 | 409118 | 3.19 | to | 2.09 | 1237821 |  | 1.25 | to | 2.50 | (35.11) | to | (35.90) |
| 12/31/2021 | 468202 | 4.92 | to | 3.26 | 2186457 |  | 1.25 | to | 2.50 | 6.60 | to | 5.30 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| Allspring VT Small Cap Growth Class 2 Shares | Allspring VT Small Cap Growth Class 2 Shares | Allspring VT Small Cap Growth Class 2 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 23899 | $3.99 | to | $18.90 | $92063 | -% | 1.05% | to | 2.50% | 8.12% | to | 6.59% |
| 12/31/2024 | 24847 | 3.69 | to | 17.73 | 88781 |  | 1.05 | to | 2.50 | 17.46 | to | 15.79 |
| 12/31/2023 | 33311 | 3.14 | to | 15.31 | 101202 |  | 1.05 | to | 2.50 | 3.03 | to | 1.57 |
| 12/31/2022 | 34631 | 3.05 | to | 15.08 | 102402 |  | 1.05 | to | 2.50 | (35.10) | to | (36.02) |
| 12/31/2021 | 36379 | 4.69 | to | 23.57 | 166191 |  | 1.05 | to | 2.50 | 6.52 | to | 5.01 |
| BNY Mellon Small Cap Initial Shares | BNY Mellon Small Cap Initial Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 390568 | 3.14 | to | 14.07 | 1227337 | 0.67 | 1.40 | to | 2.65 | 9.45 | to | 8.12 |
| 12/31/2024 | 451918 | 2.87 | to | 13.02 | 1299126 | 0.68 | 1.40 | to | 2.65 | 3.16 | to | 1.90 |
| 12/31/2023 | 461149 | 2.78 | to | 12.77 | 1285220 | 0.34 | 1.40 | to | 2.65 | 7.78 | to | 6.47 |
| 12/31/2022 | 493145 | 2.58 | to | 12.00 | 1275298 |  | 1.40 | to | 2.65 | (17.77) | to | (18.77) |
| 12/31/2021 | 532421 | 3.14 | to | 14.77 | 1674329 | 0.11 | 1.40 | to | 2.65 | 14.85 | to | 13.46 |
| BNY Mellon Stock Index Initial Shares | BNY Mellon Stock Index Initial Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 246280 | 7.36 | to | 5.99 | 1767998 | 1.01 | 1.25 | to | 2.50 | 16.08 | to | 14.67 |
| 12/31/2024 | 296093 | 6.34 | to | 5.22 | 1836594 | 1.15 | 1.25 | to | 2.50 | 23.11 | to | 21.61 |
| 12/31/2023 | 359005 | 5.15 | to | 4.30 | 1808774 | 1.43 | 1.25 | to | 2.50 | 24.38 | to | 22.87 |
| 12/31/2022 | 370487 | 4.14 | to | 3.50 | 1501151 | 1.33 | 1.25 | to | 2.50 | (19.32) | to | (20.31) |
| 12/31/2021 | 397057 | 5.13 | to | 4.39 | 1994787 | 1.13 | 1.25 | to | 2.50 | 26.83 | to | 25.28 |
| BNY Mellon Stock Index Service Shares | BNY Mellon Stock Index Service Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 6023 | 6.52 | to | 4.84 | 29154 | 0.77 | 1.25 | to | 2.50 | 15.79 | to | 14.38 |
| 12/31/2024 | 6509 | 5.63 | to | 4.23 | 27547 | 0.90 | 1.25 | to | 2.50 | 22.80 | to | 21.30 |
| 12/31/2023 | 6513 | 4.58 | to | 3.49 | 22726 | 1.15 | 1.25 | to | 2.50 | 24.06 | to | 22.55 |
| 12/31/2022 | 7193 | 3.69 | to | 2.85 | 20479 | 1.10 | 1.25 | to | 2.50 | (19.53) | to | (20.51) |
| 12/31/2021 | 6286 | 4.59 | to | 3.58 | 22515 | 0.81 | 1.25 | to | 2.50 | 26.54 | to | 24.99 |
| BNY Mellon Sustainable U.S. Equity Initial Shares | BNY Mellon Sustainable U.S. Equity Initial Shares | BNY Mellon Sustainable U.S. Equity Initial Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 73506 | 3.32 | to | 25.22 | 243927 | 0.25 | 1.40 | to | 2.65 | 14.37 | to | 12.98 |
| 12/31/2024 | 74033 | 2.90 | to | 22.32 | 214806 | 0.53 | 1.40 | to | 2.65 | 23.16 | to | 21.65 |
| 12/31/2023 | 95675 | 2.36 | to | 18.35 | 225405 | 0.73 | 1.40 | to | 2.65 | 22.12 | to | 20.64 |
| 12/31/2022 | 99304 | 1.93 | to | 15.21 | 191582 | 0.52 | 1.40 | to | 2.65 | (23.94) | to | (24.86) |
| 12/31/2021 | 90555 | 2.54 | to | 20.24 | 229679 | 0.76 | 1.40 | to | 2.65 | 25.24 | to | 23.72 |
| BNY Mellon VIF Appreciation Initial Shares | BNY Mellon VIF Appreciation Initial Shares | BNY Mellon VIF Appreciation Initial Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 293330 | 6.37 | to | 24.47 | 1868696 | 0.36 | 1.40 | to | 2.65 | 8.55 | to | 7.23 |
| 12/31/2024 | 346755 | 5.87 | to | 22.82 | 2034979 | 0.42 | 1.40 | to | 2.65 | 11.24 | to | 9.88 |
| 12/31/2023 | 405541 | 5.28 | to | 20.77 | 2139486 | 0.71 | 1.40 | to | 2.65 | 19.30 | to | 17.86 |
| 12/31/2022 | 433645 | 4.42 | to | 17.62 | 1917574 | 0.66 | 1.40 | to | 2.65 | (19.19) | to | (20.18) |
| 12/31/2021 | 475862 | 5.47 | to | 22.07 | 2604111 | 0.44 | 1.40 | to | 2.65 | 25.38 | to | 23.85 |
| BNY Mellon VIF Government Money Market | BNY Mellon VIF Government Money Market | BNY Mellon VIF Government Money Market |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 594646 | 1.18 | to | 0.76 | 677274 | 3.86 | 1.25 | to | 2.50 | 2.65 | to | 1.39 |
| 12/31/2024 | 537158 | 1.15 | to | 0.75 | 598500 | 4.68 | 1.25 | to | 2.50 | 3.46 | to | 2.20 |
| 12/31/2023 | 689481 | 1.12 | to | 0.73 | 746426 | 4.50 | 1.25 | to | 2.50 | 3.31 | to | 2.05 |
| 12/31/2022 | 784593 | 1.08 | to | 0.72 | 824876 | 1.23 | 1.25 | to | 2.50 | 0.02 | to | (1.20) |
| 12/31/2021 | 849145 | 1.08 | to | 0.73 | 893513 | 0.01 | 1.25 | to | 2.50 | (1.23) | to | (2.43) |
| BNY Mellon VIF Growth and Income Initial Shares | BNY Mellon VIF Growth and Income Initial Shares | BNY Mellon VIF Growth and Income Initial Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 168758 | 6.52 | to | 27.82 | 1099918 | 0.43 | 1.40 | to | 2.65 | 15.22 | to | 13.82 |
| 12/31/2024 | 242144 | 5.66 | to | 24.44 | 1369726 | 0.55 | 1.40 | to | 2.65 | 21.02 | to | 19.54 |
| 12/31/2023 | 224999 | 4.67 | to | 20.45 | 1051659 | 0.66 | 1.40 | to | 2.65 | 24.94 | to | 23.43 |
| 12/31/2022 | 232577 | 3.74 | to | 16.56 | 870067 | 0.79 | 1.40 | to | 2.65 | (15.99) | to | (17.01) |
| 12/31/2021 | 250827 | 4.45 | to | 19.96 | 1116956 | 0.47 | 1.40 | to | 2.65 | 23.90 | to | 22.39 |
| Columbia - Acorn |  |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 207831 | 6.29 | to | 15.88 | 922240 |  | 1.05 | to | 2.50 | 3.38 | to | 1.92 |
| 12/31/2024 | 236258 | 6.08 | to | 15.59 | 1019379 |  | 1.05 | to | 2.50 | 12.99 | to | 11.38 |
| 12/31/2023 | 261132 | 5.38 | to | 13.99 | 996623 |  | 1.05 | to | 2.50 | 20.47 | to | 18.78 |
| 12/31/2022 | 344887 | 4.47 | to | 11.78 | 1090331 |  | 1.05 | to | 2.50 | (34.15) | to | (35.09) |
| 12/31/2021 | 364302 | 6.78 | to | 18.15 | 1753789 | 0.70 | 1.05 | to | 2.50 | 7.77 | to | 6.24 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| Columbia - Dividend Opportunity Class 1 Shares | Columbia - Dividend Opportunity Class 1 Shares | Columbia - Dividend Opportunity Class 1 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 266143 | $3.13 | to | $18.93 | $846286 | -% | 1.05% | to | 2.50% | 14.63% | to | 13.01% |
| 12/31/2024 | 285994 | 2.73 | to | 16.75 | 797259 |  | 1.05 | to | 2.50 | 14.21 | to | 12.59 |
| 12/31/2023 | 323782 | 2.39 | to | 14.88 | 790279 |  | 1.05 | to | 2.50 | 4.00 | to | 2.53 |
| 12/31/2022 | 345561 | 2.30 | to | 14.51 | 816353 |  | 1.05 | to | 2.50 | (2.14) | to | (3.52) |
| 12/31/2021 | 364669 | 2.35 | to | 15.04 | 892198 |  | 1.05 | to | 2.50 | 24.85 | to | 23.09 |
| Columbia - Income Opportunity Class 1 Shares | Columbia - Income Opportunity Class 1 Shares | Columbia - Income Opportunity Class 1 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 696360 | 1.55 | to | 1.30 | 1033724 | 2.01 | 1.05 | to | 2.50 | 7.65 | to | 6.13 |
| 12/31/2024 | 726583 | 1.44 | to | 1.22 | 1005222 | 5.44 | 1.05 | to | 2.50 | 4.80 | to | 3.31 |
| 12/31/2023 | 865367 | 1.38 | to | 1.18 | 1148887 | 5.16 | 1.05 | to | 2.50 | 10.40 | to | 8.85 |
| 12/31/2022 | 898151 | 1.25 | to | 1.09 | 1084860 | 5.35 | 1.05 | to | 2.50 | (10.95) | to | (12.20) |
| 12/31/2021 | 958319 | 1.40 | to | 1.24 | 1303953 | 9.15 | 1.05 | to | 2.50 | 3.41 | to | 1.95 |
| Columbia - Large Cap Growth Class 1 Shares | Columbia - Large Cap Growth Class 1 Shares | Columbia - Large Cap Growth Class 1 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1189284 | 4.11 | to | 3.58 | 4708258 |  | 1.05 | to | 2.50 | 14.93 | to | 13.31 |
| 12/31/2024 | 1248876 | 3.58 | to | 3.16 | 4317736 |  | 1.05 | to | 2.50 | 29.96 | to | 28.11 |
| 12/31/2023 | 1458038 | 2.75 | to | 2.47 | 3896627 |  | 1.05 | to | 2.50 | 41.68 | to | 39.69 |
| 12/31/2022 | 1614269 | 1.94 | to | 1.77 | 3057565 |  | 1.05 | to | 2.50 | (32.10) | to | (33.06) |
| 12/31/2021 | 1659549 | 2.86 | to | 2.64 | 4648354 |  | 1.05 | to | 2.50 | 27.39 | to | 25.59 |
| Columbia - Overseas Core Class 2 Shares | Columbia - Overseas Core Class 2 Shares | Columbia - Overseas Core Class 2 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 848064 | 1.92 | to | 1.67 | 1565850 | 1.72 | 1.05 | to | 2.50 | 36.43 | to | 34.50 |
| 12/31/2024 | 896483 | 1.41 | to | 1.24 | 1217492 | 4.17 | 1.05 | to | 2.50 | 2.16 | to | 0.71 |
| 12/31/2023 | 933025 | 1.38 | to | 1.24 | 1244861 | 1.70 | 1.05 | to | 2.50 | 14.13 | to | 12.52 |
| 12/31/2022 | 1011551 | 1.21 | to | 1.10 | 1187323 | 0.77 | 1.05 | to | 2.50 | (15.79) | to | (16.97) |
| 12/31/2021 | 1037491 | 1.43 | to | 1.32 | 1460494 | 1.10 | 1.05 | to | 2.50 | 8.60 | to | 7.07 |
| Columbia - Select Mid Cap Growth Class 1 Shares | Columbia - Select Mid Cap Growth Class 1 Shares | Columbia - Select Mid Cap Growth Class 1 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 363728 | 3.79 | to | 3.17 | 1315269 |  | 1.05 | to | 2.50 | 13.94 | to | 12.33 |
| 12/31/2024 | 377179 | 3.33 | to | 2.82 | 1201337 |  | 1.05 | to | 2.50 | 22.39 | to | 20.65 |
| 12/31/2023 | 428743 | 2.72 | to | 2.34 | 1118978 |  | 1.05 | to | 2.50 | 23.94 | to | 22.20 |
| 12/31/2022 | 453707 | 2.19 | to | 1.91 | 958786 |  | 1.05 | to | 2.50 | (31.55) | to | (32.52) |
| 12/31/2021 | 470769 | 3.21 | to | 2.83 | 1458449 |  | 1.05 | to | 2.50 | 15.36 | to | 13.73 |
| Columbia - Select Mid Cap Value Class 1 Shares | Columbia - Select Mid Cap Value Class 1 Shares | Columbia - Select Mid Cap Value Class 1 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 38822 | 3.38 | to | 18.63 | 137667 |  | 1.05 | to | 2.50 | 13.00 | to | 11.40 |
| 12/31/2024 | 61419 | 2.99 | to | 16.73 | 187202 |  | 1.05 | to | 2.50 | 11.37 | to | 9.78 |
| 12/31/2023 | 76674 | 2.68 | to | 15.24 | 209417 |  | 1.05 | to | 2.50 | 9.16 | to | 7.62 |
| 12/31/2022 | 77928 | 2.46 | to | 14.16 | 196886 |  | 1.05 | to | 2.50 | (10.38) | to | (11.64) |
| 12/31/2021 | 93830 | 2.74 | to | 16.02 | 272455 |  | 1.05 | to | 2.50 | 30.95 | to | 29.10 |
| Columbia - Small Cap Value Class 1 Shares | Columbia - Small Cap Value Class 1 Shares | Columbia - Small Cap Value Class 1 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 145202 | 7.71 | to | 2.15 | 810812 | 1.21 | 1.05 | to | 2.50 | 13.80 | to | 12.19 |
| 12/31/2024 | 162869 | 6.78 | to | 1.92 | 802054 | 0.75 | 1.05 | to | 2.50 | 7.73 | to | 6.20 |
| 12/31/2023 | 181410 | 6.29 | to | 1.80 | 825906 | 0.76 | 1.05 | to | 2.50 | 20.68 | to | 18.98 |
| 12/31/2022 | 208127 | 5.21 | to | 1.52 | 783539 | 0.74 | 1.05 | to | 2.50 | (9.64) | to | (10.92) |
| 12/31/2021 | 234137 | 5.77 | to | 1.70 | 971018 | 0.67 | 1.05 | to | 2.50 | 27.85 | to | 26.04 |
| Columbia - Small Company Growth Class 1 Shares | Columbia - Small Company Growth Class 1 Shares | Columbia - Small Company Growth Class 1 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 4186 | 5.08 | to | 28.94 | 27103 |  | 1.05 | to | 2.50 | 20.42 | to | 18.72 |
| 12/31/2024 | 4709 | 4.22 | to | 24.37 | 25296 | 2.30 | 1.05 | to | 2.50 | 22.82 | to | 21.07 |
| 12/31/2023 | 5265 | 3.44 | to | 20.13 | 23046 |  | 1.05 | to | 2.50 | 25.32 | to | 23.55 |
| 12/31/2022 | 5904 | 2.74 | to | 16.29 | 20616 |  | 1.05 | to | 2.50 | (36.43) | to | (37.33) |
| 12/31/2021 | 6640 | 4.31 | to | 26.00 | 38281 |  | 1.05 | to | 2.50 | (3.91) | to | (5.27) |
| Columbia - Strategic Income Class 1 Shares | Columbia - Strategic Income Class 1 Shares | Columbia - Strategic Income Class 1 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 224373 | 2.51 | to | 11.13 | 503696 | 4.53 | 1.05 | to | 2.50 | 6.21 | to | 4.70 |
| 12/31/2024 | 251308 | 2.36 | to | 10.63 | 535129 | 4.55 | 1.05 | to | 2.50 | 3.61 | to | 2.13 |
| 12/31/2023 | 262678 | 2.28 | to | 10.41 | 542053 | 3.53 | 1.05 | to | 2.50 | 8.54 | to | 7.01 |
| 12/31/2022 | 274217 | 2.10 | to | 9.72 | 522656 | 2.90 | 1.05 | to | 2.50 | (12.29) | to | (13.53) |
| 12/31/2021 | 330561 | 2.39 | to | 11.25 | 731576 | 5.44 | 1.05 | to | 2.50 | 1.03 | to | (0.40) |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| CTIVP® - Principal Large Cap Growth Class 1 Shares | CTIVP® - Principal Large Cap Growth Class 1 Shares | CTIVP® - Principal Large Cap Growth Class 1 Shares | CTIVP® - Principal Large Cap Growth Class 1 Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1118568 | $3.55 | to | $3.09 | $3858894 | -% | 1.05% | to | 2.50% | 12.59% | to | 11.00% |
| 12/31/2024 | 1186567 | 3.15 | to | 2.79 | 3645527 |  | 1.05 | to | 2.50 | 20.15 | to | 18.44 |
| 12/31/2023 | 1292445 | 2.62 | to | 2.35 | 3313989 |  | 1.05 | to | 2.50 | 38.09 | to | 36.15 |
| 12/31/2022 | 1364830 | 1.90 | to | 1.73 | 2541607 |  | 1.05 | to | 2.50 | (28.75) | to | (29.76) |
| 12/31/2021 | 1460926 | 2.67 | to | 2.46 | 3828722 |  | 1.05 | to | 2.50 | 17.34 | to | 15.68 |
| Davis Equity |  |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 652391 | 6.58 | to | 4.08 | 3104903 | 1.05 | 1.05 | to | 2.50 | 25.92 | to | 24.14 |
| 12/31/2024 | 696850 | 5.23 | to | 3.28 | 2643062 | 1.07 | 1.05 | to | 2.50 | 16.82 | to | 15.16 |
| 12/31/2023 | 854400 | 4.48 | to | 2.85 | 2796569 | 1.33 | 1.05 | to | 2.50 | 31.26 | to | 29.41 |
| 12/31/2022 | 1050834 | 3.41 | to | 2.20 | 2656898 | 1.21 | 1.05 | to | 2.50 | (20.96) | to | (22.08) |
| 12/31/2021 | 1165845 | 4.31 | to | 2.83 | 3746669 | 0.57 | 1.05 | to | 2.50 | 16.63 | to | 14.98 |
| Federated Hermes Government Money II Service Shares | Federated Hermes Government Money II Service Shares | Federated Hermes Government Money II Service Shares | Federated Hermes Government Money II Service Shares | Federated Hermes Government Money II Service Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 2090941 | 1.10 | to | 9.38 | 2121859 | 3.68 | 1.05 | to | 2.65 | 2.66 | to | 1.06 |
| 12/31/2024 | 2266767 | 1.07 | to | 9.28 | 2248503 | 4.58 | 1.05 | to | 2.65 | 3.58 | to | 1.96 |
| 12/31/2023 | 2485803 | 1.03 | to | 9.10 | 2388332 | 4.42 | 1.05 | to | 2.65 | 3.44 | to | 1.83 |
| 12/31/2022 | 3287841 | 1.00 | to | 8.94 | 3053007 | 1.12 | 1.05 | to | 2.65 | 0.11 | to | (1.45) |
| 12/31/2021 | 3621544 | 1.00 | to | 9.07 | 3370633 |  | 1.05 | to | 2.65 | (1.04) | to | (2.58) |
| Federated Hermes High Income Bond II Primary Shares | Federated Hermes High Income Bond II Primary Shares | Federated Hermes High Income Bond II Primary Shares | Federated Hermes High Income Bond II Primary Shares | Federated Hermes High Income Bond II Primary Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 442115 | 3.29 | to | 11.90 | 1373584 | 6.10 | 1.05 | to | 2.65 | 7.10 | to | 5.44 |
| 12/31/2024 | 520071 | 3.07 | to | 11.28 | 1501798 | 5.58 | 1.05 | to | 2.65 | 5.16 | to | 3.51 |
| 12/31/2023 | 573437 | 2.92 | to | 10.90 | 1580801 | 5.86 | 1.05 | to | 2.65 | 11.55 | to | 9.81 |
| 12/31/2022 | 633339 | 2.62 | to | 9.93 | 1570874 | 5.37 | 1.05 | to | 2.65 | (12.69) | to | (14.05) |
| 12/31/2021 | 651983 | 3.00 | to | 11.55 | 1857360 | 4.97 | 1.05 | to | 2.65 | 3.76 | to | 2.14 |
| Federated Hermes Kaufmann II Primary Shares | Federated Hermes Kaufmann II Primary Shares | Federated Hermes Kaufmann II Primary Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 242580 | 7.14 | to | 3.57 | 1484128 |  | 1.05 | to | 2.50 | 10.36 | to | 8.80 |
| 12/31/2024 | 263993 | 6.47 | to | 3.28 | 1469750 | 0.82 | 1.05 | to | 2.50 | 15.83 | to | 14.18 |
| 12/31/2023 | 303755 | 5.59 | to | 2.88 | 1473569 |  | 1.05 | to | 2.50 | 14.04 | to | 12.43 |
| 12/31/2022 | 321466 | 4.90 | to | 2.56 | 1370323 |  | 1.05 | to | 2.50 | (30.82) | to | (31.80) |
| 12/31/2021 | 356018 | 7.08 | to | 3.75 | 2206386 |  | 1.05 | to | 2.50 | 1.44 | to | 0.01 |
| Federated Hermes Kaufmann II Service Shares | Federated Hermes Kaufmann II Service Shares | Federated Hermes Kaufmann II Service Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 190334 | 4.95 | to | 18.94 | 906234 |  | 1.05 | to | 2.50 | 10.11 | to | 8.55 |
| 12/31/2024 | 219241 | 4.50 | to | 17.44 | 950162 | 0.66 | 1.05 | to | 2.50 | 15.56 | to | 13.91 |
| 12/31/2023 | 257104 | 3.89 | to | 15.31 | 964856 |  | 1.05 | to | 2.50 | 13.67 | to | 12.07 |
| 12/31/2022 | 363781 | 3.43 | to | 13.66 | 1203603 |  | 1.05 | to | 2.50 | (30.98) | to | (31.96) |
| 12/31/2021 | 380725 | 4.96 | to | 20.08 | 1827772 |  | 1.05 | to | 2.50 | 1.20 | to | (0.23) |
| Federated Hermes Managed Volatility II Primary Shares | Federated Hermes Managed Volatility II Primary Shares | Federated Hermes Managed Volatility II Primary Shares | Federated Hermes Managed Volatility II Primary Shares | Federated Hermes Managed Volatility II Primary Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 254795 | 2.52 | to | 14.14 | 653216 | 2.86 | 1.05 | to | 2.65 | 5.92 | to | 4.27 |
| 12/31/2024 | 265979 | 2.38 | to | 13.56 | 646969 | 2.25 | 1.05 | to | 2.65 | 14.35 | to | 12.56 |
| 12/31/2023 | 323306 | 2.08 | to | 12.05 | 692707 | 1.91 | 1.05 | to | 2.65 | 7.56 | to | 5.88 |
| 12/31/2022 | 342609 | 1.93 | to | 11.38 | 680126 | 1.87 | 1.05 | to | 2.65 | (14.65) | to | (15.98) |
| 12/31/2021 | 354525 | 2.26 | to | 13.54 | 826804 | 1.79 | 1.05 | to | 2.65 | 17.28 | to | 15.45 |
| Federated Hermes Managed Volatility II Service Shares | Federated Hermes Managed Volatility II Service Shares | Federated Hermes Managed Volatility II Service Shares | Federated Hermes Managed Volatility II Service Shares | Federated Hermes Managed Volatility II Service Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 191405 | 1.40 | to | 12.59 | 264444 | 2.61 | 1.05 | to | 2.50 | 5.62 | to | 4.13 |
| 12/31/2024 | 212186 | 1.32 | to | 12.10 | 278054 | 1.93 | 1.05 | to | 2.50 | 14.20 | to | 12.58 |
| 12/31/2023 | 236394 | 1.16 | to | 10.74 | 271735 | 1.59 | 1.05 | to | 2.50 | 7.21 | to | 5.70 |
| 12/31/2022 | 274187 | 1.08 | to | 10.17 | 294392 |  | 1.05 | to | 2.50 | (14.89) | to | (16.09) |
| 12/31/2021 | 304573 | 1.27 | to | 12.11 | 384868 | 1.57 | 1.05 | to | 2.50 | 17.03 | to | 15.37 |
| Federated Hermes Quality Bond II Primary Shares | Federated Hermes Quality Bond II Primary Shares | Federated Hermes Quality Bond II Primary Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 53100 | 1.77 | to | 10.33 | 94392 | 3.35 | 1.05 | to | 2.50 | 5.97 | to | 4.47 |
| 12/31/2024 | 55793 | 1.67 | to | 9.89 | 93955 | 2.97 | 1.05 | to | 2.50 | 2.80 | to | 1.34 |
| 12/31/2023 | 57922 | 1.62 | to | 9.76 | 95228 | 2.63 | 1.05 | to | 2.50 | 5.04 | to | 3.55 |
| 12/31/2022 | 59349 | 1.54 | to | 9.43 | 93215 | 2.83 | 1.05 | to | 2.50 | (10.22) | to | (11.48) |
| 12/31/2021 | 95476 | 1.72 | to | 10.65 | 166733 | 2.61 | 1.05 | to | 2.50 | (2.42) | to | (3.80) |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| Fidelity® VIP Asset Manager 50% Initial Class | Fidelity® VIP Asset Manager 50% Initial Class | Fidelity® VIP Asset Manager 50% Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 201554 | $3.06 | to | $1.50 | $790981 | 2.49% | 1.15% | to | 3.85% | 13.68% | to | 10.72% |
| 12/31/2024 | 213277 | 2.69 | to | 1.35 | 733657 | 2.31 | 1.15 | to | 3.85 | 7.26 | to | 4.45 |
| 12/31/2023 | 261096 | 2.51 | to | 1.30 | 841818 | 2.18 | 1.15 | to | 3.85 | 11.66 | to | 8.77 |
| 12/31/2022 | 319012 | 2.25 | to | 1.19 | 924565 | 2.10 | 1.15 | to | 3.85 | (15.90) | to | (18.09) |
| 12/31/2021 | 337969 | 2.67 | to | 1.46 | 1171414 | 1.54 | 1.15 | to | 3.85 | 8.67 | to | 5.84 |
| Fidelity® VIP Asset Manager 70% Initial Class | Fidelity® VIP Asset Manager 70% Initial Class | Fidelity® VIP Asset Manager 70% Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 59461 | 3.20 | to | 1.55 | 266694 | 1.44 | 1.15 | to | 3.85 | 16.90 | to | 13.86 |
| 12/31/2024 | 92445 | 2.74 | to | 1.37 | 355428 | 1.54 | 1.15 | to | 3.85 | 9.54 | to | 6.68 |
| 12/31/2023 | 129678 | 2.50 | to | 1.28 | 455607 | 1.73 | 1.15 | to | 3.85 | 15.05 | to | 12.07 |
| 12/31/2022 | 145555 | 2.17 | to | 1.14 | 445515 | 1.83 | 1.15 | to | 3.85 | (17.82) | to | (19.96) |
| 12/31/2021 | 149185 | 2.64 | to | 1.43 | 556420 | 1.35 | 1.15 | to | 3.85 | 12.67 | to | 9.74 |
| Fidelity® VIP Balanced Initial Class | Fidelity® VIP Balanced Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 388175 | 4.72 | to | 2.41 | 2366181 | 1.71 | 1.15 | to | 3.85 | 13.90 | to | 10.94 |
| 12/31/2024 | 427469 | 4.14 | to | 2.17 | 2291535 | 1.83 | 1.15 | to | 3.85 | 14.60 | to | 11.60 |
| 12/31/2023 | 450089 | 3.61 | to | 1.95 | 2109889 | 1.64 | 1.15 | to | 3.85 | 20.15 | to | 17.04 |
| 12/31/2022 | 544302 | 3.01 | to | 1.66 | 2126544 | 1.22 | 1.15 | to | 3.85 | (18.87) | to | (20.98) |
| 12/31/2021 | 634822 | 3.71 | to | 2.11 | 3057938 | 0.90 | 1.15 | to | 3.85 | 16.92 | to | 13.88 |
| Fidelity® VIP Balanced Service Class 2 | Fidelity® VIP Balanced Service Class 2 |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 85267 | 4.88 | to | 3.62 | 448072 | 1.65 | 1.25 | to | 2.50 | 13.54 | to | 12.15 |
| 12/31/2024 | 80379 | 4.30 | to | 3.23 | 300860 | 1.70 | 1.25 | to | 2.50 | 14.19 | to | 12.79 |
| 12/31/2023 | 88824 | 3.76 | to | 2.86 | 290938 | 1.51 | 1.25 | to | 2.50 | 19.74 | to | 18.29 |
| 12/31/2022 | 116123 | 3.14 | to | 2.42 | 316845 | 1.04 | 1.25 | to | 2.50 | (19.20) | to | (20.18) |
| 12/31/2021 | 120245 | 3.89 | to | 3.03 | 406677 | 0.68 | 1.25 | to | 2.50 | 16.54 | to | 15.11 |
| Fidelity® VIP Contrafund® Initial Class | Fidelity® VIP Contrafund® Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 732633 | 9.76 | to | 4.77 | 11234488 | 0.14 | 1.15 | to | 3.85 | 20.10 | to | 16.98 |
| 12/31/2024 | 795067 | 8.13 | to | 4.08 | 10183844 | 0.19 | 1.15 | to | 3.85 | 32.26 | to | 28.81 |
| 12/31/2023 | 884013 | 6.15 | to | 3.17 | 8566992 | 0.49 | 1.15 | to | 3.85 | 31.94 | to | 28.52 |
| 12/31/2022 | 981297 | 4.66 | to | 2.46 | 7222451 | 0.49 | 1.15 | to | 3.85 | (27.15) | to | (29.04) |
| 12/31/2021 | 1114031 | 6.40 | to | 3.47 | 11244241 | 0.06 | 1.15 | to | 3.85 | 26.38 | to | 23.10 |
| Fidelity® VIP Contrafund® Service Class 2 | Fidelity® VIP Contrafund® Service Class 2 | Fidelity® VIP Contrafund® Service Class 2 |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1398097 | 9.01 | to | 4.79 | 9717254 |  | 0.85 | to | 2.95 | 20.17 | to | 17.72 |
| 12/31/2024 | 1954247 | 7.50 | to | 4.07 | 11566652 | 0.03 | 0.85 | to | 2.95 | 32.32 | to | 29.61 |
| 12/31/2023 | 1977082 | 5.67 | to | 3.14 | 8839127 | 0.26 | 0.85 | to | 2.95 | 32.00 | to | 29.32 |
| 12/31/2022 | 2046414 | 4.29 | to | 2.43 | 7009316 | 0.26 | 0.85 | to | 2.95 | (27.11) | to | (28.59) |
| 12/31/2021 | 2266767 | 5.89 | to | 3.40 | 10713245 | 0.03 | 0.85 | to | 2.95 | 26.44 | to | 23.86 |
| Fidelity® VIP Equity-Income Initial Class | Fidelity® VIP Equity-Income Initial Class | Fidelity® VIP Equity-Income Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 579537 | 4.76 | to | 2.47 | 3898145 | 1.82 | 1.15 | to | 3.85 | 17.67 | to | 14.61 |
| 12/31/2024 | 612723 | 4.05 | to | 2.15 | 3507953 | 1.76 | 1.15 | to | 3.85 | 14.03 | to | 11.05 |
| 12/31/2023 | 664959 | 3.55 | to | 1.94 | 3344616 | 1.89 | 1.15 | to | 3.85 | 9.39 | to | 6.56 |
| 12/31/2022 | 717168 | 3.24 | to | 1.82 | 3305286 | 1.80 | 1.15 | to | 3.85 | (6.04) | to | (8.47) |
| 12/31/2021 | 813250 | 3.45 | to | 1.99 | 4020258 | 1.86 | 1.15 | to | 3.85 | 23.47 | to | 20.27 |
| Fidelity® VIP Equity-Income Service Class 2 | Fidelity® VIP Equity-Income Service Class 2 | Fidelity® VIP Equity-Income Service Class 2 |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1376531 | 4.59 | to | 3.15 | 5896833 | 1.63 | 0.85 | to | 2.95 | 17.75 | to | 15.35 |
| 12/31/2024 | 1490970 | 3.90 | to | 2.73 | 5458089 | 1.54 | 0.85 | to | 2.95 | 14.08 | to | 11.74 |
| 12/31/2023 | 1750727 | 3.41 | to | 2.44 | 5655911 | 1.71 | 0.85 | to | 2.95 | 9.45 | to | 7.22 |
| 12/31/2022 | 1900631 | 3.12 | to | 2.28 | 5650072 | 1.69 | 0.85 | to | 2.95 | (6.04) | to | (7.96) |
| 12/31/2021 | 2068225 | 3.32 | to | 2.48 | 6579146 | 1.62 | 0.85 | to | 2.95 | 23.56 | to | 21.04 |
| Fidelity® VIP Government Money Market Initial Class | Fidelity® VIP Government Money Market Initial Class | Fidelity® VIP Government Money Market Initial Class | Fidelity® VIP Government Money Market Initial Class | Fidelity® VIP Government Money Market Initial Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 384434 | 1.27 | to | 0.63 | 513871 | 4.07 | 1.15 | to | 3.85 | 2.95 | to | 0.27 |
| 12/31/2024 | 486710 | 1.23 | to | 0.63 | 632513 | 5.00 | 1.15 | to | 3.85 | 3.90 | to | 1.19 |
| 12/31/2023 | 547969 | 1.19 | to | 0.62 | 688437 | 4.78 | 1.15 | to | 3.85 | 3.70 | to | 1.02 |
| 12/31/2022 | 646362 | 1.15 | to | 0.61 | 785000 | 1.60 | 1.15 | to | 3.85 | 0.29 | to | (2.31) |
| 12/31/2021 | 389779 | 1.14 | to | 0.63 | 470246 | 0.01 | 1.15 | to | 3.85 | (1.13) | to | (3.70) |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| Fidelity® VIP Government Money Market Service Class 2 | Fidelity® VIP Government Money Market Service Class 2 | Fidelity® VIP Government Money Market Service Class 2 | Fidelity® VIP Government Money Market Service Class 2 | Fidelity® VIP Government Money Market Service Class 2 |  |  |  |  |  |  |  |  |
| 12/31/2025 | 155374 | $1.12 | to | $0.88 | $168902 | 3.81% | 1.25% | to | 2.50% | 2.58% | to | 1.33% |
| 12/31/2024 | 173509 | 1.09 | to | 0.86 | 184168 | 4.74 | 1.25 | to | 2.50 | 3.54 | to | 2.27 |
| 12/31/2023 | 192704 | 1.05 | to | 0.84 | 197920 | 4.54 | 1.25 | to | 2.50 | 3.35 | to | 2.09 |
| 12/31/2022 | 211188 | 1.02 | to | 0.83 | 210246 | 1.23 | 1.25 | to | 2.50 | 0.02 | to | (1.20) |
| 12/31/2021 | 232271 | 1.02 | to | 0.84 | 231154 | 0.01 | 1.25 | to | 2.50 | (1.23) | to | (2.43) |
| Fidelity® VIP Growth Initial Class | Fidelity® VIP Growth Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 639457 | 7.49 | to | 3.44 | 8070048 | 0.29 | 1.15 | to | 3.85 | 13.59 | to | 10.64 |
| 12/31/2024 | 692723 | 6.59 | to | 3.11 | 7708335 |  | 1.15 | to | 3.85 | 28.90 | to | 25.53 |
| 12/31/2023 | 767929 | 5.11 | to | 2.48 | 6652419 | 0.13 | 1.15 | to | 3.85 | 34.69 | to | 31.20 |
| 12/31/2022 | 860701 | 3.80 | to | 1.89 | 5551816 | 0.62 | 1.15 | to | 3.85 | (25.31) | to | (27.25) |
| 12/31/2021 | 1012162 | 5.08 | to | 2.60 | 8722736 |  | 1.15 | to | 3.85 | 21.81 | to | 18.65 |
| Fidelity® VIP Growth Service Class 2 | Fidelity® VIP Growth Service Class 2 |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 428195 | 9.33 | to | 36.78 | 2615785 | 0.05 | 0.85 | to | 2.95 | 13.64 | to | 11.33 |
| 12/31/2024 | 572025 | 8.21 | to | 33.04 | 3044073 |  | 0.85 | to | 2.95 | 28.97 | to | 26.33 |
| 12/31/2023 | 649307 | 6.37 | to | 26.16 | 2728272 |  | 0.85 | to | 2.95 | 34.75 | to | 32.01 |
| 12/31/2022 | 699165 | 4.73 | to | 19.81 | 2201483 | 0.35 | 0.85 | to | 2.95 | (25.28) | to | (26.80) |
| 12/31/2021 | 730905 | 6.33 | to | 27.07 | 3106013 |  | 0.85 | to | 2.95 | 21.87 | to | 19.38 |
| Fidelity® VIP Growth & Income Initial Class | Fidelity® VIP Growth & Income Initial Class | Fidelity® VIP Growth & Income Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 396624 | 5.53 | to | 2.74 | 3254425 | 1.54 | 1.15 | to | 3.85 | 20.12 | to | 17.00 |
| 12/31/2024 | 433856 | 4.61 | to | 2.34 | 2974530 | 1.42 | 1.15 | to | 3.85 | 20.82 | to | 17.66 |
| 12/31/2023 | 493135 | 3.81 | to | 1.99 | 2800685 | 1.58 | 1.15 | to | 3.85 | 17.37 | to | 14.33 |
| 12/31/2022 | 574476 | 3.25 | to | 1.74 | 2791123 | 1.55 | 1.15 | to | 3.85 | (6.03) | to | (8.47) |
| 12/31/2021 | 662390 | 3.46 | to | 1.90 | 3461118 | 2.38 | 1.15 | to | 3.85 | 24.52 | to | 21.28 |
| Fidelity® VIP Growth & Income Service Class 2 | Fidelity® VIP Growth & Income Service Class 2 | Fidelity® VIP Growth & Income Service Class 2 |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 87597 | 5.92 | to | 4.40 | 428031 | 1.28 | 1.25 | to | 2.50 | 19.72 | to | 18.26 |
| 12/31/2024 | 108014 | 4.94 | to | 3.72 | 442478 | 1.27 | 1.25 | to | 2.50 | 20.45 | to | 18.97 |
| 12/31/2023 | 113004 | 4.10 | to | 3.12 | 384533 | 1.53 | 1.25 | to | 2.50 | 16.91 | to | 15.49 |
| 12/31/2022 | 111851 | 3.51 | to | 2.71 | 325098 | 1.51 | 1.25 | to | 2.50 | (6.34) | to | (7.48) |
| 12/31/2021 | 109674 | 3.75 | to | 2.92 | 341097 | 2.19 | 1.25 | to | 2.50 | 24.09 | to | 22.58 |
| Fidelity® VIP Growth Opportunities Initial Class | Fidelity® VIP Growth Opportunities Initial Class | Fidelity® VIP Growth Opportunities Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 344799 | 8.23 | to | 4.19 | 4117600 |  | 1.15 | to | 3.85 | 20.56 | to | 17.43 |
| 12/31/2024 | 376752 | 6.83 | to | 3.57 | 3738556 |  | 1.15 | to | 3.85 | 37.30 | to | 33.72 |
| 12/31/2023 | 404787 | 4.97 | to | 2.67 | 2935727 |  | 1.15 | to | 3.85 | 44.00 | to | 40.27 |
| 12/31/2022 | 443458 | 3.45 | to | 1.90 | 2240256 |  | 1.15 | to | 3.85 | (38.85) | to | (40.44) |
| 12/31/2021 | 487969 | 5.65 | to | 3.20 | 4035230 |  | 1.15 | to | 3.85 | 10.67 | to | 7.79 |
| Fidelity® VIP Growth Opportunities Service Class | Fidelity® VIP Growth Opportunities Service Class | Fidelity® VIP Growth Opportunities Service Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 196505 | 12.02 | to | 12.89 | 2257670 |  | 1.25 | to | 2.50 | 20.31 | to | 18.85 |
| 12/31/2024 | 215109 | 9.99 | to | 10.85 | 2056050 |  | 1.25 | to | 2.50 | 37.04 | to | 35.36 |
| 12/31/2023 | 257194 | 7.29 | to | 8.01 | 1792181 |  | 1.25 | to | 2.50 | 43.72 | to | 41.98 |
| 12/31/2022 | 294454 | 5.07 | to | 5.64 | 1433446 |  | 1.25 | to | 2.50 | (38.98) | to | (39.72) |
| 12/31/2021 | 332185 | 8.31 | to | 9.36 | 2660973 |  | 1.25 | to | 2.50 | 10.45 | to | 9.10 |
| Fidelity® VIP Growth Opportunities Service Class 2 | Fidelity® VIP Growth Opportunities Service Class 2 | Fidelity® VIP Growth Opportunities Service Class 2 | Fidelity® VIP Growth Opportunities Service Class 2 |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 125465 | 13.82 | to | 45.74 | 1122455 |  | 1.05 | to | 2.95 | 20.37 | to | 18.15 |
| 12/31/2024 | 128955 | 11.48 | to | 38.71 | 969848 |  | 1.05 | to | 2.95 | 37.11 | to | 34.57 |
| 12/31/2023 | 130990 | 8.37 | to | 28.77 | 725306 |  | 1.05 | to | 2.95 | 43.80 | to | 41.16 |
| 12/31/2022 | 135610 | 5.82 | to | 20.38 | 531929 |  | 1.05 | to | 2.95 | (38.96) | to | (40.08) |
| 12/31/2021 | 135133 | 9.54 | to | 34.02 | 872431 |  | 1.05 | to | 2.95 | 10.51 | to | 8.47 |
| Fidelity® VIP High Income Initial Class | Fidelity® VIP High Income Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 268069 | 2.24 | to | 1.16 | 674347 | 6.26 | 1.15 | to | 3.85 | 9.11 | to | 6.27 |
| 12/31/2024 | 298498 | 2.05 | to | 1.10 | 688653 | 5.91 | 1.15 | to | 3.85 | 7.73 | to | 4.91 |
| 12/31/2023 | 334159 | 1.91 | to | 1.04 | 716695 | 5.22 | 1.15 | to | 3.85 | 9.22 | to | 6.39 |
| 12/31/2022 | 402846 | 1.74 | to | 0.98 | 792472 | 4.87 | 1.15 | to | 3.85 | (12.38) | to | (14.66) |
| 12/31/2021 | 441389 | 1.99 | to | 1.15 | 991863 | 5.33 | 1.15 | to | 3.85 | 3.22 | to | 0.54 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| Fidelity® VIP High Income Service Class | Fidelity® VIP High Income Service Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 177877 | $2.50 | to | $1.26 | $481143 | 6.29% | 1.25% | to | 2.50% | 8.96% | to | 7.63% |
| 12/31/2024 | 191561 | 2.29 | to | 1.17 | 479700 | 5.47 | 1.25 | to | 2.50 | 7.37 | to | 6.06 |
| 12/31/2023 | 224575 | 2.13 | to | 1.11 | 530126 | 5.50 | 1.25 | to | 2.50 | 9.14 | to | 7.82 |
| 12/31/2022 | 253903 | 1.96 | to | 1.03 | 546603 | 4.95 | 1.25 | to | 2.50 | (12.65) | to | (13.71) |
| 12/31/2021 | 272039 | 2.24 | to | 1.19 | 671179 | 5.20 | 1.25 | to | 2.50 | 3.21 | to | 1.95 |
| Fidelity® VIP High Income Service Class 2 | Fidelity® VIP High Income Service Class 2 | Fidelity® VIP High Income Service Class 2 |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 86675 | 2.83 | to | 2.18 | 199570 | 6.71 | 1.05 | to | 2.50 | 9.16 | to | 7.62 |
| 12/31/2024 | 88007 | 2.59 | to | 2.02 | 187057 | 4.29 | 1.05 | to | 2.50 | 7.48 | to | 5.95 |
| 12/31/2023 | 136467 | 2.41 | to | 1.91 | 271496 | 5.78 | 1.05 | to | 2.50 | 9.10 | to | 7.56 |
| 12/31/2022 | 137710 | 2.21 | to | 1.77 | 252623 | 5.01 | 1.05 | to | 2.50 | (12.59) | to | (13.82) |
| 12/31/2021 | 144101 | 2.53 | to | 2.06 | 311982 | 4.77 | 1.05 | to | 2.50 | 3.21 | to | 1.75 |
| Fidelity® VIP Index 500 Initial Class | Fidelity® VIP Index 500 Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 2025999 | 6.14 | to | 2.96 | 19355154 | 1.15 | 1.15 | to | 3.85 | 16.44 | to | 13.41 |
| 12/31/2024 | 2240125 | 5.27 | to | 2.61 | 18389652 | 1.26 | 1.15 | to | 3.85 | 23.47 | to | 20.24 |
| 12/31/2023 | 2498003 | 4.27 | to | 2.17 | 16687219 | 1.44 | 1.15 | to | 3.85 | 24.76 | to | 21.53 |
| 12/31/2022 | 2833079 | 3.42 | to | 1.79 | 15282474 | 1.43 | 1.15 | to | 3.85 | (19.14) | to | (21.24) |
| 12/31/2021 | 3275382 | 4.23 | to | 2.27 | 21929910 | 1.23 | 1.15 | to | 3.85 | 27.12 | to | 23.81 |
| Fidelity® VIP Index 500 Service Class 2 | Fidelity® VIP Index 500 Service Class 2 |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 173828 | 8.42 | to | 27.21 | 1432001 | 0.94 | 1.05 | to | 2.50 | 16.26 | to | 14.62 |
| 12/31/2024 | 171675 | 7.24 | to | 23.74 | 1167657 | 0.93 | 1.05 | to | 2.50 | 23.29 | to | 21.53 |
| 12/31/2023 | 282957 | 5.87 | to | 19.53 | 1546030 | 1.26 | 1.05 | to | 2.50 | 24.58 | to | 22.82 |
| 12/31/2022 | 301695 | 4.72 | to | 15.90 | 1328885 | 1.20 | 1.05 | to | 2.50 | (19.26) | to | (20.41) |
| 12/31/2021 | 351361 | 5.84 | to | 19.98 | 1917332 | 1.00 | 1.05 | to | 2.50 | 26.93 | to | 25.13 |
| Fidelity® VIP Investment Grade Bond Initial Class | Fidelity® VIP Investment Grade Bond Initial Class | Fidelity® VIP Investment Grade Bond Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1225434 | 2.23 | to | 1.12 | 2578087 | 3.45 | 1.15 | to | 3.85 | 6.01 | to | 3.25 |
| 12/31/2024 | 1351263 | 2.10 | to | 1.08 | 2695110 | 3.40 | 1.15 | to | 3.85 | 0.63 | to | (2.01) |
| 12/31/2023 | 1515785 | 2.09 | to | 1.10 | 3000628 | 2.38 | 1.15 | to | 3.85 | 5.00 | to | 2.28 |
| 12/31/2022 | 1768730 | 1.99 | to | 1.08 | 3412185 | 2.04 | 1.15 | to | 3.85 | (13.95) | to | (16.18) |
| 12/31/2021 | 2138193 | 2.31 | to | 1.29 | 4832216 | 2.00 | 1.15 | to | 3.85 | (1.74) | to | (4.29) |
| Fidelity® VIP Investment Grade Bond Service Class 2 | Fidelity® VIP Investment Grade Bond Service Class 2 | Fidelity® VIP Investment Grade Bond Service Class 2 | Fidelity® VIP Investment Grade Bond Service Class 2 |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 214572 | 1.64 | to | 1.17 | 399411 | 3.34 | 1.05 | to | 2.50 | 5.82 | to | 4.32 |
| 12/31/2024 | 240230 | 1.55 | to | 1.12 | 421415 | 3.18 | 1.05 | to | 2.50 | 0.44 | to | (0.99) |
| 12/31/2023 | 270109 | 1.54 | to | 1.13 | 474010 | 2.42 | 1.05 | to | 2.50 | 4.90 | to | 3.42 |
| 12/31/2022 | 316788 | 1.47 | to | 1.09 | 526705 | 1.92 | 1.05 | to | 2.50 | (14.11) | to | (15.33) |
| 12/31/2021 | 380060 | 1.71 | to | 1.29 | 726071 | 1.62 | 1.05 | to | 2.50 | (1.93) | to | (3.31) |
| Fidelity® VIP Mid Cap Initial Class | Fidelity® VIP Mid Cap Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 295963 | 14.01 | to | 6.23 | 3768177 | 0.43 | 1.15 | to | 3.85 | 10.48 | to | 7.61 |
| 12/31/2024 | 321291 | 12.68 | to | 5.79 | 3716631 | 0.54 | 1.15 | to | 3.85 | 16.15 | to | 13.11 |
| 12/31/2023 | 338220 | 10.91 | to | 5.12 | 3381581 | 0.58 | 1.15 | to | 3.85 | 13.77 | to | 10.82 |
| 12/31/2022 | 375251 | 9.59 | to | 4.62 | 3306760 | 0.48 | 1.15 | to | 3.85 | (15.71) | to | (17.90) |
| 12/31/2021 | 426831 | 11.38 | to | 5.63 | 4488248 | 0.60 | 1.15 | to | 3.85 | 24.17 | to | 20.95 |
| Fidelity® VIP Mid Cap Service Class 2 | Fidelity® VIP Mid Cap Service Class 2 |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 841598 | 6.54 | to | 18.11 | 5819978 | 0.24 | 0.85 | to | 2.95 | 10.55 | to | 8.29 |
| 12/31/2024 | 943334 | 5.92 | to | 16.72 | 5901436 | 0.33 | 0.85 | to | 2.95 | 16.18 | to | 13.80 |
| 12/31/2023 | 1111190 | 5.09 | to | 14.69 | 5991910 | 0.36 | 0.85 | to | 2.95 | 13.84 | to | 11.52 |
| 12/31/2022 | 1356583 | 4.47 | to | 13.17 | 6425794 | 0.26 | 0.85 | to | 2.95 | (15.68) | to | (17.40) |
| 12/31/2021 | 1490531 | 5.30 | to | 15.95 | 8427986 | 0.34 | 0.85 | to | 2.95 | 24.25 | to | 21.72 |
| Fidelity® VIP Overseas Initial Class | Fidelity® VIP Overseas Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 224605 | 3.01 | to | 1.30 | 807538 | 1.54 | 1.15 | to | 3.85 | 19.02 | to | 15.93 |
| 12/31/2024 | 254081 | 2.53 | to | 1.12 | 769298 | 1.64 | 1.15 | to | 3.85 | 3.85 | to | 1.14 |
| 12/31/2023 | 258115 | 2.43 | to | 1.11 | 753200 | 0.99 | 1.15 | to | 3.85 | 19.14 | to | 16.05 |
| 12/31/2022 | 287903 | 2.04 | to | 0.96 | 707295 | 1.02 | 1.15 | to | 3.85 | (25.34) | to | (27.28) |
| 12/31/2021 | 322445 | 2.74 | to | 1.31 | 1062900 | 0.52 | 1.15 | to | 3.85 | 18.34 | to | 15.26 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| Fidelity® VIP Value Strategies Service Class 2 | Fidelity® VIP Value Strategies Service Class 2 | Fidelity® VIP Value Strategies Service Class 2 |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 459375 | $4.81 | to | $18.96 | $2293737 | 0.79% | 0.85% | to | 2.95% | 6.79% | to | 4.62% |
| 12/31/2024 | 513312 | 4.51 | to | 18.12 | 2399796 | 0.78 | 0.85 | to | 2.95 | 8.24 | to | 6.02 |
| 12/31/2023 | 539893 | 4.16 | to | 17.09 | 2347203 | 0.88 | 0.85 | to | 2.95 | 19.59 | to | 17.16 |
| 12/31/2022 | 572044 | 3.48 | to | 14.59 | 2103084 | 0.81 | 0.85 | to | 2.95 | (8.13) | to | (10.00) |
| 12/31/2021 | 703899 | 3.79 | to | 16.21 | 2835036 | 1.19 | 0.85 | to | 2.95 | 32.22 | to | 29.52 |
| Franklin Income Class 2 Shares | Franklin Income Class 2 Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 59199 | 2.32 | to | 14.19 | 132773 | 5.04 | 0.85 | to | 2.50 | 11.61 | to | 9.81 |
| 12/31/2024 | 65588 | 2.08 | to | 12.92 | 132474 | 5.17 | 0.85 | to | 2.50 | 6.30 | to | 4.57 |
| 12/31/2023 | 66659 | 1.96 | to | 12.35 | 126885 | 4.66 | 0.85 | to | 2.50 | 7.71 | to | 5.98 |
| 12/31/2022 | 110769 | 1.82 | to | 11.66 | 193573 | 4.86 | 0.85 | to | 2.50 | (6.27) | to | (7.77) |
| 12/31/2021 | 139763 | 1.94 | to | 12.64 | 261989 | 4.82 | 0.85 | to | 2.50 | 15.77 | to | 13.91 |
| Franklin Mutual Shares Class 2 Shares | Franklin Mutual Shares Class 2 Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 856157 | 2.24 | to | 2.31 | 2935872 | 2.01 | 0.85 | to | 2.50 | 10.58 | to | 8.80 |
| 12/31/2024 | 979667 | 2.02 | to | 2.12 | 3003031 | 1.95 | 0.85 | to | 2.50 | 10.33 | to | 8.54 |
| 12/31/2023 | 1139210 | 1.83 | to | 1.95 | 3172048 | 1.88 | 0.85 | to | 2.50 | 12.51 | to | 10.70 |
| 12/31/2022 | 1230622 | 1.63 | to | 1.76 | 3061053 | 1.83 | 0.85 | to | 2.50 | (8.21) | to | (9.69) |
| 12/31/2021 | 1321564 | 1.77 | to | 1.95 | 3593839 | 2.87 | 0.85 | to | 2.50 | 18.16 | to | 16.26 |
| Franklin Rising Dividends Class 2 Shares | Franklin Rising Dividends Class 2 Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 241084 | 6.61 | to | 2.47 | 1424110 | 0.82 | 1.05 | to | 2.50 | 10.64 | to | 9.08 |
| 12/31/2024 | 274519 | 5.98 | to | 2.26 | 1470556 | 1.01 | 1.05 | to | 2.50 | 9.63 | to | 8.07 |
| 12/31/2023 | 273585 | 5.45 | to | 2.09 | 1374245 | 0.92 | 1.05 | to | 2.50 | 10.91 | to | 9.35 |
| 12/31/2022 | 327518 | 4.91 | to | 1.92 | 1486960 | 0.80 | 1.05 | to | 2.50 | (11.50) | to | (12.75) |
| 12/31/2021 | 357083 | 5.55 | to | 2.20 | 1834689 | 0.88 | 1.05 | to | 2.50 | 25.47 | to | 23.70 |
| Franklin Small Cap Value Class 2 Shares | Franklin Small Cap Value Class 2 Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 155028 | 6.62 | to | 2.87 | 957016 | 1.08 | 1.05 | to | 2.50 | 6.54 | to | 5.03 |
| 12/31/2024 | 163082 | 6.21 | to | 2.73 | 947982 | 0.98 | 1.05 | to | 2.50 | 10.54 | to | 8.97 |
| 12/31/2023 | 184222 | 5.62 | to | 2.51 | 970321 | 0.53 | 1.05 | to | 2.50 | 11.58 | to | 10.00 |
| 12/31/2022 | 205973 | 5.03 | to | 2.28 | 974498 | 1.00 | 1.05 | to | 2.50 | (11.00) | to | (12.25) |
| 12/31/2021 | 235538 | 5.66 | to | 2.60 | 1212722 | 1.03 | 1.05 | to | 2.50 | 24.06 | to | 22.31 |
| Franklin Small-Mid Cap Growth Class 2 Shares | Franklin Small-Mid Cap Growth Class 2 Shares | Franklin Small-Mid Cap Growth Class 2 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 723807 | 6.11 | to | 2.54 | 3321131 |  | 1.05 | to | 2.50 | 1.45 | to | 0.02 |
| 12/31/2024 | 775674 | 6.02 | to | 2.54 | 3523622 |  | 1.05 | to | 2.50 | 9.88 | to | 8.31 |
| 12/31/2023 | 897516 | 5.48 | to | 2.35 | 3689397 |  | 1.05 | to | 2.50 | 25.42 | to | 23.66 |
| 12/31/2022 | 1141536 | 4.37 | to | 1.90 | 3745863 |  | 1.05 | to | 2.50 | (34.38) | to | (35.31) |
| 12/31/2021 | 1311374 | 6.66 | to | 2.93 | 6582401 |  | 1.05 | to | 2.50 | 8.87 | to | 7.33 |
| Franklin Templeton Developing Markets Class 2 Shares | Franklin Templeton Developing Markets Class 2 Shares | Franklin Templeton Developing Markets Class 2 Shares | Franklin Templeton Developing Markets Class 2 Shares | Franklin Templeton Developing Markets Class 2 Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 163203 | 5.42 | to | 1.32 | 643579 | 0.53 | 1.05 | to | 2.50 | 44.75 | to | 42.71 |
| 12/31/2024 | 171407 | 3.74 | to | 0.92 | 466940 | 3.96 | 1.05 | to | 2.50 | 6.54 | to | 5.03 |
| 12/31/2023 | 176276 | 3.51 | to | 0.88 | 449197 | 2.09 | 1.05 | to | 2.50 | 11.46 | to | 9.88 |
| 12/31/2022 | 187614 | 3.15 | to | 0.80 | 428804 | 2.68 | 1.05 | to | 2.50 | (22.79) | to | (23.88) |
| 12/31/2021 | 190135 | 4.08 | to | 1.05 | 542392 | 0.88 | 1.05 | to | 2.50 | (6.72) | to | (8.04) |
| Franklin Templeton Foreign Class 2 Shares | Franklin Templeton Foreign Class 2 Shares | Franklin Templeton Foreign Class 2 Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 700668 | 1.54 | to | 1.70 | 1549819 | 2.32 | 0.85 | to | 2.50 | 28.11 | to | 26.05 |
| 12/31/2024 | 778074 | 1.20 | to | 1.35 | 1346712 | 2.43 | 0.85 | to | 2.50 | (1.84) | to | (3.43) |
| 12/31/2023 | 876962 | 1.23 | to | 1.40 | 1564172 | 3.22 | 0.85 | to | 2.50 | 19.74 | to | 17.82 |
| 12/31/2022 | 958106 | 1.02 | to | 1.19 | 1440927 | 3.07 | 0.85 | to | 2.50 | (8.38) | to | (9.86) |
| 12/31/2021 | 1069041 | 1.12 | to | 1.32 | 1750482 | 1.86 | 0.85 | to | 2.50 | 3.28 | to | 1.62 |
| Invesco V.I. American Franchise Series I Shares | Invesco V.I. American Franchise Series I Shares | Invesco V.I. American Franchise Series I Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 344193 | 5.25 | to | 30.43 | 1775317 |  | 1.25 | to | 2.65 | 10.29 | to | 8.78 |
| 12/31/2024 | 511692 | 4.76 | to | 27.97 | 2397460 |  | 1.25 | to | 2.65 | 33.21 | to | 31.39 |
| 12/31/2023 | 626010 | 3.57 | to | 21.29 | 2201123 |  | 1.25 | to | 2.65 | 39.19 | to | 37.30 |
| 12/31/2022 | 685336 | 2.57 | to | 15.50 | 1733972 |  | 1.25 | to | 2.65 | (31.96) | to | (32.89) |
| 12/31/2021 | 722186 | 3.77 | to | 23.10 | 2689036 |  | 1.25 | to | 2.65 | 10.54 | to | 9.04 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| Invesco V.I. American Franchise Series II Shares | Invesco V.I. American Franchise Series II Shares | Invesco V.I. American Franchise Series II Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 72476 | $5.35 | to | $4.11 | $363645 | -% | 0.85% | to | 2.95% | 10.45% | to | 8.20% |
| 12/31/2024 | 74396 | 4.85 | to | 3.80 | 339006 |  | 0.85 | to | 2.95 | 33.42 | to | 30.69 |
| 12/31/2023 | 87068 | 3.63 | to | 2.91 | 298755 |  | 0.85 | to | 2.95 | 39.42 | to | 36.58 |
| 12/31/2022 | 89854 | 2.61 | to | 2.13 | 222180 |  | 0.85 | to | 2.95 | (31.87) | to | (33.26) |
| 12/31/2021 | 95040 | 3.83 | to | 3.19 | 346446 |  | 0.85 | to | 2.95 | 10.71 | to | 8.45 |
| Invesco V.I. American Value Series II Shares | Invesco V.I. American Value Series II Shares | Invesco V.I. American Value Series II Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 25256 | 17.89 | to | 16.25 | 437790 | 0.22 | 0.85 | to | 2.95 | 19.74 | to | 17.30 |
| 12/31/2024 | 27261 | 14.94 | to | 13.85 | 397773 | 0.62 | 0.85 | to | 2.95 | 28.99 | to | 26.35 |
| 12/31/2023 | 78960 | 11.58 | to | 10.96 | 906471 | 0.40 | 0.85 | to | 2.95 | 14.32 | to | 12.00 |
| 12/31/2022 | 80427 | 10.13 | to | 9.79 | 810172 | 0.42 | 0.85 | to | 2.95 | (3.68) | to | (5.64) |
| 12/31/2021<sup>(1)</sup> | 26888 | 10.52 | to | 10.37 | 281743 | 0.23 | 0.85 | to | 2.95 |  | to |  |
| Invesco V.I. Comstock Series II Shares | Invesco V.I. Comstock Series II Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 223466 | 4.97 | to | 20.19 | 1084184 | 1.43 | 1.05 | to | 2.50 | 15.93 | to | 14.29 |
| 12/31/2024 | 247750 | 4.29 | to | 17.67 | 1038308 | 1.50 | 1.05 | to | 2.50 | 13.67 | to | 12.05 |
| 12/31/2023 | 281476 | 3.77 | to | 15.77 | 1037741 | 1.53 | 1.05 | to | 2.50 | 10.93 | to | 9.37 |
| 12/31/2022 | 353012 | 3.40 | to | 14.42 | 1172087 | 1.32 | 1.05 | to | 2.50 | (0.20) | to | (1.61) |
| 12/31/2021 | 413483 | 3.41 | to | 14.65 | 1377726 | 1.60 | 1.05 | to | 2.50 | 31.66 | to | 29.80 |
| Invesco V.I. Core Equity Series II Shares | Invesco V.I. Core Equity Series II Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 297736 | 5.89 | to | 2.20 | 1194552 | 0.41 | 1.05 | to | 2.50 | 14.68 | to | 13.06 |
| 12/31/2024 | 322147 | 5.14 | to | 1.95 | 1146703 | 0.49 | 1.05 | to | 2.50 | 23.98 | to | 22.22 |
| 12/31/2023 | 334953 | 4.14 | to | 1.59 | 969008 | 0.47 | 1.05 | to | 2.50 | 21.81 | to | 20.09 |
| 12/31/2022 | 394731 | 3.40 | to | 1.33 | 956066 | 0.62 | 1.05 | to | 2.50 | (21.58) | to | (22.68) |
| 12/31/2021 | 437969 | 4.34 | to | 1.72 | 1355162 | 0.45 | 1.05 | to | 2.50 | 26.06 | to | 24.27 |
| Invesco V.I. Discovery Large Cap Series I Shares | Invesco V.I. Discovery Large Cap Series I Shares | Invesco V.I. Discovery Large Cap Series I Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1009822 | 8.43 | to | 5.02 | 7545614 |  | 1.25 | to | 2.50 | 11.40 | to | 10.05 |
| 12/31/2024 | 1173232 | 7.57 | to | 4.56 | 7869443 |  | 1.25 | to | 2.50 | 32.50 | to | 30.87 |
| 12/31/2023 | 1477335 | 5.71 | to | 3.49 | 7412188 |  | 1.25 | to | 2.50 | 33.71 | to | 32.09 |
| 12/31/2022 | 1707136 | 4.27 | to | 2.64 | 6303114 |  | 1.25 | to | 2.50 | (31.64) | to | (32.47) |
| 12/31/2021 | 1879970 | 6.25 | to | 3.91 | 10120569 |  | 1.25 | to | 2.50 | 21.06 | to | 19.58 |
| Invesco V.I. Discovery Large Cap Series II Shares | Invesco V.I. Discovery Large Cap Series II Shares | Invesco V.I. Discovery Large Cap Series II Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 100067 | 7.32 | to | 4.21 | 594349 |  | 1.05 | to | 2.50 | 11.36 | to | 9.79 |
| 12/31/2024 | 108873 | 6.57 | to | 3.84 | 582521 |  | 1.05 | to | 2.50 | 32.43 | to | 30.55 |
| 12/31/2023 | 131151 | 4.96 | to | 2.94 | 533828 |  | 1.05 | to | 2.50 | 33.63 | to | 31.75 |
| 12/31/2022 | 148930 | 3.71 | to | 2.23 | 453755 |  | 1.05 | to | 2.50 | (31.68) | to | (32.65) |
| 12/31/2021 | 155307 | 5.44 | to | 3.31 | 701382 |  | 1.05 | to | 2.50 | 21.01 | to | 19.30 |
| Invesco V.I. Discovery Mid Cap Growth Series II Shares | Invesco V.I. Discovery Mid Cap Growth Series II Shares | Invesco V.I. Discovery Mid Cap Growth Series II Shares | Invesco V.I. Discovery Mid Cap Growth Series II Shares | Invesco V.I. Discovery Mid Cap Growth Series II Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 4933 | 16.86 | to | 15.55 | 82143 |  | 1.05 | to | 2.50 | 3.45 | to | 1.98 |
| 12/31/2024 | 7830 | 16.30 | to | 15.25 | 126465 |  | 1.05 | to | 2.50 | 22.63 | to | 20.88 |
| 12/31/2023 | 9117 | 13.29 | to | 12.62 | 120289 |  | 1.05 | to | 2.50 | 11.68 | to | 10.11 |
| 12/31/2022 | 11405 | 11.90 | to | 11.46 | 135022 |  | 1.05 | to | 2.50 | (31.85) | to | (32.81) |
| 12/31/2021 | 12651 | 17.47 | to | 17.05 | 220214 |  | 1.05 | to | 2.50 | 17.56 | to | 15.89 |
| Invesco V.I. Equity and Income Series I Shares | Invesco V.I. Equity and Income Series I Shares | Invesco V.I. Equity and Income Series I Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 711678 | 1.18 | to | 1.16 | 839987 | 2.02 | 1.25 | to | 2.50 | 11.41 | to | 10.06 |
| 12/31/2024<sup>(1)</sup> | 858621 | 1.06 | to | 1.05 | 911339 | 1.72 | 1.25 | to | 2.50 |  | to |  |
| Invesco V.I. Equity and Income Series II Shares | Invesco V.I. Equity and Income Series II Shares | Invesco V.I. Equity and Income Series II Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 621600 | 3.89 | to | 15.77 | 2332796 | 1.84 | 1.05 | to | 2.50 | 11.35 | to | 9.77 |
| 12/31/2024 | 715900 | 3.49 | to | 14.37 | 2413229 | 1.56 | 1.05 | to | 2.50 | 10.74 | to | 9.16 |
| 12/31/2023 | 785533 | 3.15 | to | 13.16 | 2403495 | 1.60 | 1.05 | to | 2.50 | 9.10 | to | 7.56 |
| 12/31/2022 | 985918 | 2.89 | to | 12.24 | 2779221 | 1.42 | 1.05 | to | 2.50 | (8.67) | to | (9.96) |
| 12/31/2021 | 1073730 | 3.16 | to | 13.59 | 3283159 | 1.62 | 1.05 | to | 2.50 | 17.12 | to | 15.47 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| Invesco V.I. EQV International Equity Series I Shares | Invesco V.I. EQV International Equity Series I Shares | Invesco V.I. EQV International Equity Series I Shares | Invesco V.I. EQV International Equity Series I Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 128942 | $3.29 | to | $1.58 | $390940 | 1.44% | 1.25% | to | 2.50% | 15.06% | to | 13.66% |
| 12/31/2024 | 133153 | 2.86 | to | 1.39 | 350096 | 1.73 | 1.25 | to | 2.50 | (0.63) | to | (1.85) |
| 12/31/2023 | 144988 | 2.88 | to | 1.41 | 386147 | 0.20 | 1.25 | to | 2.50 | 16.69 | to | 15.27 |
| 12/31/2022 | 156518 | 2.47 | to | 1.23 | 357207 | 1.71 | 1.25 | to | 2.50 | (19.31) | to | (20.30) |
| 12/31/2021 | 172888 | 3.06 | to | 1.54 | 480432 | 1.19 | 1.25 | to | 2.50 | 4.58 | to | 3.31 |
| Invesco V.I. EQV International Equity Series II Shares | Invesco V.I. EQV International Equity Series II Shares | Invesco V.I. EQV International Equity Series II Shares | Invesco V.I. EQV International Equity Series II Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 13593 | 4.34 | to | 14.42 | 57284 | 1.18 | 1.05 | to | 2.50 | 15.02 | to | 13.40 |
| 12/31/2024 | 14430 | 3.77 | to | 12.72 | 52928 | 1.52 | 1.05 | to | 2.50 | (0.70) | to | (2.12) |
| 12/31/2023 | 15545 | 3.80 | to | 12.99 | 57394 |  | 1.05 | to | 2.50 | 16.65 | to | 15.00 |
| 12/31/2022 | 16411 | 3.26 | to | 11.30 | 52009 | 1.41 | 1.05 | to | 2.50 | (19.35) | to | (20.49) |
| 12/31/2021 | 17283 | 4.04 | to | 14.21 | 68001 | 1.02 | 1.05 | to | 2.50 | 4.51 | to | 3.03 |
| Invesco V.I. Global Series I Shares | Invesco V.I. Global Series I Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 214375 | 9.90 | to | 2.63 | 1697018 |  | 1.25 | to | 2.50 | 13.90 | to | 12.51 |
| 12/31/2024 | 291516 | 8.69 | to | 2.34 | 2118056 |  | 1.25 | to | 2.50 | 14.63 | to | 13.22 |
| 12/31/2023 | 314374 | 7.58 | to | 2.07 | 1999259 | 0.23 | 1.25 | to | 2.50 | 33.08 | to | 31.46 |
| 12/31/2022 | 330234 | 5.70 | to | 1.57 | 1572394 |  | 1.25 | to | 2.50 | (32.61) | to | (33.43) |
| 12/31/2021 | 327482 | 8.45 | to | 2.36 | 2417890 |  | 1.25 | to | 2.50 | 14.06 | to | 12.67 |
| Invesco V.I. Global Series II Shares | Invesco V.I. Global Series II Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 8416 | 7.53 | to | 4.50 | 44870 |  | 1.05 | to | 2.50 | 13.82 | to | 12.21 |
| 12/31/2024 | 8554 | 6.62 | to | 4.01 | 40217 |  | 1.05 | to | 2.50 | 14.57 | to | 12.94 |
| 12/31/2023 | 8731 | 5.78 | to | 3.55 | 35986 |  | 1.05 | to | 2.50 | 33.05 | to | 31.18 |
| 12/31/2022 | 8894 | 4.34 | to | 2.71 | 27649 |  | 1.05 | to | 2.50 | (32.64) | to | (33.60) |
| 12/31/2021 | 33317 | 6.45 | to | 4.08 | 152132 |  | 1.05 | to | 2.50 | 13.97 | to | 12.36 |
| Invesco V.I. Global Strategic Income Series I Shares | Invesco V.I. Global Strategic Income Series I Shares | Invesco V.I. Global Strategic Income Series I Shares | Invesco V.I. Global Strategic Income Series I Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 426494 | 2.43 | to | 1.05 | 970237 | 5.73 | 1.25 | to | 2.50 | 11.59 | to | 10.23 |
| 12/31/2024 | 454068 | 2.18 | to | 0.95 | 925809 | 2.80 | 1.25 | to | 2.50 | 1.88 | to | 0.63 |
| 12/31/2023 | 568699 | 2.14 | to | 0.95 | 1145795 |  | 1.25 | to | 2.50 | 7.54 | to | 6.23 |
| 12/31/2022 | 629621 | 1.99 | to | 0.89 | 1185217 |  | 1.25 | to | 2.50 | (12.55) | to | (13.62) |
| 12/31/2021 | 785372 | 2.27 | to | 1.03 | 1683488 | 4.44 | 1.25 | to | 2.50 | (4.61) | to | (5.77) |
| Invesco V.I. Global Strategic Income Series II Shares | Invesco V.I. Global Strategic Income Series II Shares | Invesco V.I. Global Strategic Income Series II Shares | Invesco V.I. Global Strategic Income Series II Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 183011 | 1.95 | to | 0.99 | 322078 | 5.33 | 1.05 | to | 2.50 | 11.58 | to | 10.00 |
| 12/31/2024 | 199485 | 1.74 | to | 0.90 | 315398 | 2.69 | 1.05 | to | 2.50 | 1.72 | to | 0.27 |
| 12/31/2023 | 217388 | 1.71 | to | 0.90 | 339519 |  | 1.05 | to | 2.50 | 7.47 | to | 5.96 |
| 12/31/2022 | 237393 | 1.60 | to | 0.85 | 345722 |  | 1.05 | to | 2.50 | (12.63) | to | (13.86) |
| 12/31/2021 | 316034 | 1.83 | to | 0.98 | 532788 | 4.01 | 1.05 | to | 2.50 | (4.56) | to | (5.92) |
| Invesco V.I. Government Securities Series I Shares | Invesco V.I. Government Securities Series I Shares | Invesco V.I. Government Securities Series I Shares | Invesco V.I. Government Securities Series I Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 123476 | 1.64 | to | 0.99 | 198932 | 2.99 | 1.25 | to | 2.50 | 6.04 | to | 4.75 |
| 12/31/2024 | 136235 | 1.54 | to | 0.95 | 207004 | 2.31 | 1.25 | to | 2.50 | 0.46 | to | (0.78) |
| 12/31/2023 | 162783 | 1.54 | to | 0.95 | 246268 | 2.04 | 1.25 | to | 2.50 | 3.33 | to | 2.08 |
| 12/31/2022 | 182030 | 1.49 | to | 0.93 | 265858 | 1.98 | 1.25 | to | 2.50 | (11.40) | to | (12.48) |
| 12/31/2021 | 202813 | 1.68 | to | 1.07 | 334788 | 2.01 | 1.25 | to | 2.50 | (3.47) | to | (4.65) |
| Invesco V.I. Government Securities Series II Shares | Invesco V.I. Government Securities Series II Shares | Invesco V.I. Government Securities Series II Shares | Invesco V.I. Government Securities Series II Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 173272 | 1.34 | to | 0.89 | 214294 | 2.82 | 1.05 | to | 2.50 | 5.84 | to | 4.35 |
| 12/31/2024 | 188126 | 1.27 | to | 0.85 | 220514 | 2.33 | 1.05 | to | 2.50 | 0.41 | to | (1.01) |
| 12/31/2023 | 199991 | 1.26 | to | 0.86 | 234243 | 1.80 | 1.05 | to | 2.50 | 3.38 | to | 1.92 |
| 12/31/2022 | 211900 | 1.22 | to | 0.84 | 240800 | 1.77 | 1.05 | to | 2.50 | (11.51) | to | (12.75) |
| 12/31/2021 | 218358 | 1.38 | to | 0.97 | 277701 | 1.83 | 1.05 | to | 2.50 | (3.45) | to | (4.82) |
| Invesco V.I. Main Street Series I Shares | Invesco V.I. Main Street Series I Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 623352 | 6.39 | to | 3.33 | 3651166 | 0.53 | 1.25 | to | 2.50 | 14.50 | to | 13.10 |
| 12/31/2024 | 689568 | 5.58 | to | 2.94 | 3521044 |  | 1.25 | to | 2.50 | 22.11 | to | 20.61 |
| 12/31/2023 | 801419 | 4.57 | to | 2.44 | 3373909 | 0.85 | 1.25 | to | 2.50 | 21.70 | to | 20.22 |
| 12/31/2022 | 877084 | 3.75 | to | 2.03 | 3039963 | 1.37 | 1.25 | to | 2.50 | (21.12) | to | (22.08) |
| 12/31/2021 | 1048560 | 4.76 | to | 2.60 | 4616392 | 0.70 | 1.25 | to | 2.50 | 26.00 | to | 24.46 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| Invesco V.I. Main Street Series II Shares | Invesco V.I. Main Street Series II Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 107292 | $6.68 | to | $4.16 | $640167 | 0.32% | 1.05% | to | 2.50% | 14.44% | to | 12.82% |
| 12/31/2024 | 110961 | 5.84 | to | 3.69 | 586702 |  | 1.05 | to | 2.50 | 22.10 | to | 20.37 |
| 12/31/2023 | 128623 | 4.78 | to | 3.06 | 555931 | 0.50 | 1.05 | to | 2.50 | 21.56 | to | 19.84 |
| 12/31/2022 | 133020 | 3.93 | to | 2.56 | 480858 | 1.10 | 1.05 | to | 2.50 | (21.14) | to | (22.25) |
| 12/31/2021 | 141166 | 4.99 | to | 3.29 | 614070 | 0.48 | 1.05 | to | 2.50 | 25.91 | to | 24.13 |
| Invesco V.I. Main Street Mid Cap Series II Shares | Invesco V.I. Main Street Mid Cap Series II Shares | Invesco V.I. Main Street Mid Cap Series II Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 61105 | 4.88 | to | 16.66 | 248140 | 0.10 | 1.05 | to | 2.50 | 7.83 | to | 6.31 |
| 12/31/2024 | 66313 | 4.53 | to | 15.67 | 249285 | 0.12 | 1.05 | to | 2.50 | 15.57 | to | 13.93 |
| 12/31/2023 | 70768 | 3.92 | to | 13.75 | 229710 | 0.04 | 1.05 | to | 2.50 | 12.96 | to | 11.37 |
| 12/31/2022 | 77116 | 3.47 | to | 12.35 | 220481 | 0.07 | 1.05 | to | 2.50 | (15.34) | to | (16.54) |
| 12/31/2021 | 87865 | 4.10 | to | 14.80 | 294844 | 0.24 | 1.05 | to | 2.50 | 21.59 | to | 19.87 |
| Invesco V.I. Main Street Small Cap Series II Shares | Invesco V.I. Main Street Small Cap Series II Shares | Invesco V.I. Main Street Small Cap Series II Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 6542 | 7.62 | to | 17.78 | 47213 | 0.22 | 1.05 | to | 2.50 | 7.31 | to | 5.80 |
| 12/31/2024 | 7191 | 7.10 | to | 16.81 | 48583 |  | 1.05 | to | 2.50 | 11.23 | to | 9.65 |
| 12/31/2023 | 8259 | 6.38 | to | 15.33 | 50016 | 0.94 | 1.05 | to | 2.50 | 16.60 | to | 14.95 |
| 12/31/2022 | 8514 | 5.47 | to | 13.33 | 44839 | 0.24 | 1.05 | to | 2.50 | (16.91) | to | (18.09) |
| 12/31/2021 | 9154 | 6.59 | to | 16.28 | 62522 | 0.17 | 1.05 | to | 2.50 | 20.99 | to | 19.28 |
| Janus Henderson - Balanced Service Shares | Janus Henderson - Balanced Service Shares | Janus Henderson - Balanced Service Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 687313 | 4.30 | to | 19.23 | 2952438 | 1.71 | 1.40 | to | 2.65 | 13.24 | to | 11.86 |
| 12/31/2024 | 731157 | 3.79 | to | 17.19 | 2773627 | 1.76 | 1.40 | to | 2.65 | 13.55 | to | 12.16 |
| 12/31/2023 | 841866 | 3.34 | to | 15.33 | 2812541 | 1.80 | 1.40 | to | 2.65 | 13.55 | to | 12.17 |
| 12/31/2022 | 849521 | 2.94 | to | 13.66 | 2499448 | 1.11 | 1.40 | to | 2.65 | (17.77) | to | (18.77) |
| 12/31/2021 | 980576 | 3.58 | to | 16.82 | 3508365 | 0.88 | 1.40 | to | 2.65 | 15.30 | to | 13.89 |
| Janus Henderson - Enterprise Service Shares | Janus Henderson - Enterprise Service Shares | Janus Henderson - Enterprise Service Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 388288 | 8.73 | to | 21.96 | 1233333 | 0.18 | 0.85 | to | 2.95 | 6.51 | to | 4.34 |
| 12/31/2024 | 473342 | 8.19 | to | 21.04 | 1433885 | 0.63 | 0.85 | to | 2.95 | 14.34 | to | 12.00 |
| 12/31/2023 | 503560 | 7.17 | to | 18.79 | 1339930 | 0.09 | 0.85 | to | 2.95 | 16.79 | to | 14.41 |
| 12/31/2022 | 547352 | 6.14 | to | 16.42 | 1257517 | 0.27 | 0.85 | to | 2.95 | (16.86) | to | (18.55) |
| 12/31/2021 | 582109 | 7.38 | to | 20.16 | 1615499 | 0.24 | 0.85 | to | 2.95 | 15.56 | to | 13.20 |
| Janus Henderson - Forty Service Shares | Janus Henderson - Forty Service Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 41814 | 6.28 | to | 34.05 | 252862 | 0.26 | 1.25 | to | 2.50 | 16.41 | to | 14.99 |
| 12/31/2024 | 43334 | 5.39 | to | 29.61 | 225450 | 0.01 | 1.25 | to | 2.50 | 26.55 | to | 25.00 |
| 12/31/2023 | 51642 | 4.26 | to | 23.69 | 212630 | 0.12 | 1.25 | to | 2.50 | 37.94 | to | 36.26 |
| 12/31/2022 | 53934 | 3.09 | to | 17.38 | 161229 | 0.05 | 1.25 | to | 2.50 | (34.55) | to | (35.34) |
| 12/31/2021 | 56597 | 4.72 | to | 26.89 | 258868 | 0.53 | 1.25 | to | 2.50 | 21.09 | to | 19.61 |
| Janus Henderson - Global Research Service Shares | Janus Henderson - Global Research Service Shares | Janus Henderson - Global Research Service Shares | Janus Henderson - Global Research Service Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 649729 | 4.73 | to | 3.64 | 1613598 | 0.59 | 0.85 | to | 2.95 | 19.58 | to | 17.15 |
| 12/31/2024 | 702827 | 3.95 | to | 3.11 | 1467065 | 0.60 | 0.85 | to | 2.95 | 22.22 | to | 19.72 |
| 12/31/2023 | 741652 | 3.23 | to | 2.60 | 1286071 | 0.77 | 0.85 | to | 2.95 | 25.41 | to | 22.86 |
| 12/31/2022 | 784804 | 2.58 | to | 2.11 | 1100009 | 1.48 | 0.85 | to | 2.95 | (20.29) | to | (21.91) |
| 12/31/2021 | 851473 | 3.23 | to | 2.71 | 1539019 | 0.36 | 0.85 | to | 2.95 | 16.80 | to | 14.42 |
| Janus Henderson - Mid Cap Value Service Shares | Janus Henderson - Mid Cap Value Service Shares | Janus Henderson - Mid Cap Value Service Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 36132 | 3.63 | to | 14.37 | 123829 | 1.43 | 1.70 | to | 2.95 | 4.52 | to | 3.25 |
| 12/31/2024 | 36534 | 3.47 | to | 13.92 | 120026 | 0.84 | 1.70 | to | 2.95 | 10.91 | to | 9.55 |
| 12/31/2023 | 36971 | 3.13 | to | 12.71 | 109730 | 0.96 | 1.70 | to | 2.95 | 9.26 | to | 7.93 |
| 12/31/2022 | 37724 | 2.86 | to | 11.77 | 102502 | 1.16 | 1.70 | to | 2.95 | (7.35) | to | (8.47) |
| 12/31/2021 | 37995 | 3.09 | to | 12.86 | 111888 | 0.31 | 1.70 | to | 2.95 | 17.43 | to | 16.00 |
| Janus Henderson - Overseas Service Shares | Janus Henderson - Overseas Service Shares | Janus Henderson - Overseas Service Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 445703 | 2.34 | to | 19.94 | 1000881 | 1.32 | 1.25 | to | 2.65 | 26.99 | to | 25.26 |
| 12/31/2024 | 508783 | 1.84 | to | 15.92 | 910883 | 1.30 | 1.25 | to | 2.65 | 4.27 | to | 2.84 |
| 12/31/2023 | 589999 | 1.77 | to | 15.48 | 1012432 | 1.43 | 1.25 | to | 2.65 | 9.22 | to | 7.74 |
| 12/31/2022 | 618013 | 1.62 | to | 14.37 | 973258 | 1.67 | 1.25 | to | 2.65 | (9.96) | to | (11.19) |
| 12/31/2021 | 697382 | 1.80 | to | 16.18 | 1219531 | 1.02 | 1.25 | to | 2.65 | 11.89 | to | 10.36 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| Janus Henderson - Research Service Shares | Janus Henderson - Research Service Shares | Janus Henderson - Research Service Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 247700 | $3.92 | to | $33.06 | $967625 | 0.13% | 1.25% | to | 2.65% | 16.64% | to | 15.05% |
| 12/31/2024 | 284390 | 3.36 | to | 28.74 | 953850 |  | 1.25 | to | 2.65 | 33.28 | to | 31.46 |
| 12/31/2023 | 322000 | 2.52 | to | 21.86 | 811484 | 0.06 | 1.25 | to | 2.65 | 41.05 | to | 39.14 |
| 12/31/2022 | 325474 | 1.79 | to | 15.71 | 582356 | 0.59 | 1.25 | to | 2.65 | (30.93) | to | (31.87) |
| 12/31/2021 | 377570 | 2.59 | to | 23.06 | 979481 | 0.02 | 1.25 | to | 2.65 | 18.57 | to | 16.95 |
| LVIP JPMorgan Core Bond Standard Shares | LVIP JPMorgan Core Bond Standard Shares | LVIP JPMorgan Core Bond Standard Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1006230 | 2.13 | to | 1.31 | 1667145 | 3.39 | 1.15 | to | 2.70 | 6.18 | to | 4.58 |
| 12/31/2024 | 1167945 | 2.01 | to | 1.25 | 1821984 | 4.20 | 1.15 | to | 2.70 | 0.56 | to | (0.97) |
| 12/31/2023<sup>(1)</sup> | 1332670 | 2.00 | to | 1.27 | 2068784 | 1.52 | 1.15 | to | 2.70 |  | to |  |
| LVIP JPMorgan Mid Cap Value Standard Shares | LVIP JPMorgan Mid Cap Value Standard Shares | LVIP JPMorgan Mid Cap Value Standard Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 141551 | 7.59 | to | 3.86 | 786533 | 1.08 | 1.15 | to | 2.70 | 3.53 | to | 1.96 |
| 12/31/2024 | 162005 | 7.33 | to | 3.78 | 865088 | 1.14 | 1.15 | to | 2.70 | 12.98 | to | 11.27 |
| 12/31/2023<sup>(1)</sup> | 206086 | 6.49 | to | 3.40 | 963827 | 1.83 | 1.15 | to | 2.70 |  | to |  |
| LVIP JPMorgan U.S. Equity Standard Shares | LVIP JPMorgan U.S. Equity Standard Shares | LVIP JPMorgan U.S. Equity Standard Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 262038 | 6.36 | to | 4.59 | 1343960 | 0.43 | 1.15 | to | 2.70 | 13.24 | to | 11.53 |
| 12/31/2024 | 312867 | 5.61 | to | 4.12 | 1427354 | 0.46 | 1.15 | to | 2.70 | 22.57 | to | 20.71 |
| 12/31/2023<sup>(1)</sup> | 436955 | 4.58 | to | 3.41 | 1638273 | 0.75 | 1.15 | to | 2.70 |  | to |  |
| MFS® Core Equity Initial Class | MFS® Core Equity Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 11629 | 3.11 | to | 25.94 | 35912 | 0.46 | 1.25 | to | 2.50 | 11.12 | to | 9.76 |
| 12/31/2024 | 12418 | 2.80 | to | 23.63 | 34537 | 0.60 | 1.25 | to | 2.50 | 18.62 | to | 17.16 |
| 12/31/2023 | 13362 | 2.36 | to | 20.17 | 31356 | 0.51 | 1.25 | to | 2.50 | 21.63 | to | 20.15 |
| 12/31/2022 | 17958 | 1.94 | to | 16.79 | 34701 | 0.31 | 1.25 | to | 2.50 | (18.29) | to | (19.29) |
| 12/31/2021 | 20763 | 2.37 | to | 20.80 | 49135 | 0.44 | 1.25 | to | 2.50 | 23.77 | to | 22.26 |
| MFS® Growth Initial Class | MFS® Growth Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 487134 | 9.46 | to | 7.85 | 4526078 |  | 1.25 | to | 2.50 | 10.81 | to | 9.46 |
| 12/31/2024 | 604818 | 8.53 | to | 7.17 | 5054560 |  | 1.25 | to | 2.50 | 29.83 | to | 28.24 |
| 12/31/2023 | 676248 | 6.57 | to | 5.59 | 4369992 |  | 1.25 | to | 2.50 | 34.19 | to | 32.56 |
| 12/31/2022 | 751005 | 4.90 | to | 4.22 | 3622012 |  | 1.25 | to | 2.50 | (32.48) | to | (33.30) |
| 12/31/2021 | 863429 | 7.25 | to | 6.32 | 6026084 |  | 1.25 | to | 2.50 | 22.01 | to | 20.52 |
| MFS® Growth Service Class | MFS® Growth Service Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 138694 | 11.55 | to | 6.28 | 1400465 |  | 1.05 | to | 2.50 | 10.74 | to | 9.18 |
| 12/31/2024 | 142618 | 10.43 | to | 5.76 | 1304429 |  | 1.05 | to | 2.50 | 29.78 | to | 27.94 |
| 12/31/2023 | 160650 | 8.04 | to | 4.50 | 1121680 |  | 1.05 | to | 2.50 | 34.11 | to | 32.22 |
| 12/31/2022 | 170066 | 5.99 | to | 3.40 | 887155 |  | 1.05 | to | 2.50 | (32.51) | to | (33.47) |
| 12/31/2021 | 204802 | 8.88 | to | 5.11 | 1553674 |  | 1.05 | to | 2.50 | 21.96 | to | 20.23 |
| MFS® Massachusetts Investors Growth Stock Initial Class | MFS® Massachusetts Investors Growth Stock Initial Class | MFS® Massachusetts Investors Growth Stock Initial Class | MFS® Massachusetts Investors Growth Stock Initial Class | MFS® Massachusetts Investors Growth Stock Initial Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 19230 | 3.28 | to | 28.35 | 62584 | 0.27 | 1.25 | to | 2.50 | 8.54 | to | 7.22 |
| 12/31/2024 | 21520 | 3.02 | to | 26.44 | 64562 | 0.35 | 1.25 | to | 2.50 | 14.82 | to | 13.42 |
| 12/31/2023 | 23362 | 2.63 | to | 23.32 | 61095 | 0.30 | 1.25 | to | 2.50 | 22.48 | to | 20.99 |
| 12/31/2022 | 24660 | 2.15 | to | 19.27 | 52701 | 0.10 | 1.25 | to | 2.50 | (20.25) | to | (21.23) |
| 12/31/2021 | 26643 | 2.70 | to | 24.46 | 71470 | 0.25 | 1.25 | to | 2.50 | 24.42 | to | 22.90 |
| MFS® Massachusetts Investors Growth Stock Service Class | MFS® Massachusetts Investors Growth Stock Service Class | MFS® Massachusetts Investors Growth Stock Service Class | MFS® Massachusetts Investors Growth Stock Service Class | MFS® Massachusetts Investors Growth Stock Service Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 361346 | 3.26 | to | 27.53 | 1186717 | 0.02 | 1.05 | to | 2.50 | 8.47 | to | 6.93 |
| 12/31/2024 | 393935 | 3.01 | to | 25.74 | 1196657 | 0.13 | 1.05 | to | 2.50 | 14.77 | to | 13.14 |
| 12/31/2023 | 445752 | 2.62 | to | 22.75 | 1180406 | 0.05 | 1.05 | to | 2.50 | 22.42 | to | 20.70 |
| 12/31/2022 | 539758 | 2.14 | to | 18.85 | 1168490 |  | 1.05 | to | 2.50 | (20.28) | to | (21.41) |
| 12/31/2021 | 597332 | 2.69 | to | 23.99 | 1584017 | 0.03 | 1.05 | to | 2.50 | 24.35 | to | 22.59 |
| MFS® New Discovery Initial Class | MFS® New Discovery Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 83558 | 3.76 | to | 20.11 | 309262 |  | 1.25 | to | 2.50 | 11.57 | to | 10.21 |
| 12/31/2024 | 93018 | 3.37 | to | 18.25 | 308961 |  | 1.25 | to | 2.50 | 5.40 | to | 4.11 |
| 12/31/2023 | 102367 | 3.20 | to | 17.53 | 322661 |  | 1.25 | to | 2.50 | 13.00 | to | 11.63 |
| 12/31/2022 | 118461 | 2.83 | to | 15.70 | 330511 |  | 1.25 | to | 2.50 | (30.62) | to | (31.47) |
| 12/31/2021 | 127318 | 4.08 | to | 22.91 | 512267 |  | 1.25 | to | 2.50 | 0.54 | to | (0.68) |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| MFS® New Discovery Service Class | MFS® New Discovery Service Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 59406 | $5.38 | to | $2.81 | $332618 | -% | 0.85% | to | 2.95% | 11.61% | to | 9.33% |
| 12/31/2024 | 64512 | 4.82 | to | 2.57 | 323427 |  | 0.85 | to | 2.95 | 5.53 | to | 3.37 |
| 12/31/2023 | 74206 | 4.56 | to | 2.49 | 352595 |  | 0.85 | to | 2.95 | 13.29 | to | 10.99 |
| 12/31/2022 | 79865 | 4.03 | to | 2.24 | 336618 |  | 0.85 | to | 2.95 | (30.58) | to | (32.00) |
| 12/31/2021 | 83447 | 5.80 | to | 3.30 | 507625 |  | 0.85 | to | 2.95 | 0.72 | to | (1.34) |
| MFS® Research Initial Class | MFS® Research Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 257547 | 6.63 | to | 4.63 | 1609604 | 0.94 | 1.25 | to | 2.50 | 11.46 | to | 10.10 |
| 12/31/2024 | 286164 | 5.95 | to | 4.20 | 1610143 | 0.59 | 1.25 | to | 2.50 | 17.40 | to | 15.96 |
| 12/31/2023 | 318458 | 5.07 | to | 3.63 | 1525586 | 0.51 | 1.25 | to | 2.50 | 20.91 | to | 19.44 |
| 12/31/2022 | 352813 | 4.19 | to | 3.04 | 1399965 | 0.48 | 1.25 | to | 2.50 | (18.23) | to | (19.23) |
| 12/31/2021 | 394909 | 5.12 | to | 3.76 | 1921111 | 0.55 | 1.25 | to | 2.50 | 23.26 | to | 21.76 |
| MFS® Research Service Class | MFS® Research Service Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 165661 | 7.80 | to | 4.51 | 1091760 | 0.15 | 1.05 | to | 2.50 | 11.40 | to | 9.82 |
| 12/31/2024 | 185963 | 7.01 | to | 4.11 | 1113577 | 0.38 | 1.05 | to | 2.50 | 17.32 | to | 15.65 |
| 12/31/2023 | 197674 | 5.97 | to | 3.55 | 1017632 | 0.25 | 1.05 | to | 2.50 | 20.86 | to | 19.15 |
| 12/31/2022 | 237385 | 4.94 | to | 2.98 | 1026032 | 0.19 | 1.05 | to | 2.50 | (18.29) | to | (19.44) |
| 12/31/2021 | 257596 | 6.05 | to | 3.70 | 1373686 | 0.34 | 1.05 | to | 2.50 | 23.22 | to | 21.48 |
| MFS® Total Return Initial Class | MFS® Total Return Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1323785 | 4.17 | to | 2.16 | 4849975 | 2.71 | 1.25 | to | 2.50 | 9.79 | to | 8.45 |
| 12/31/2024 | 1500570 | 3.80 | to | 1.99 | 5038098 | 2.42 | 1.25 | to | 2.50 | 6.41 | to | 5.11 |
| 12/31/2023 | 1718906 | 3.57 | to | 1.89 | 5442973 | 2.02 | 1.25 | to | 2.50 | 9.08 | to | 7.76 |
| 12/31/2022 | 1863455 | 3.27 | to | 1.76 | 5437865 | 1.71 | 1.25 | to | 2.50 | (10.70) | to | (11.78) |
| 12/31/2021 | 2094586 | 3.67 | to | 1.99 | 6839712 | 1.76 | 1.25 | to | 2.50 | 12.71 | to | 11.33 |
| MFS® Total Return Service Class | MFS® Total Return Service Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 614462 | 3.20 | to | 14.33 | 1785063 | 2.54 | 0.85 | to | 2.95 | 9.98 | to | 7.74 |
| 12/31/2024 | 670100 | 2.91 | to | 13.31 | 1787840 | 2.20 | 0.85 | to | 2.95 | 6.55 | to | 4.36 |
| 12/31/2023 | 859313 | 2.73 | to | 12.75 | 2178390 | 1.82 | 0.85 | to | 2.95 | 9.29 | to | 7.07 |
| 12/31/2022 | 1066076 | 2.50 | to | 11.91 | 2474803 | 1.47 | 0.85 | to | 2.95 | (10.60) | to | (12.42) |
| 12/31/2021 | 1155385 | 2.79 | to | 13.60 | 3017668 | 1.52 | 0.85 | to | 2.95 | 12.88 | to | 10.57 |
| MFS® Total Return Bond Initial Class | MFS® Total Return Bond Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 54928 | 2.16 | to | 10.02 | 115626 | 4.43 | 1.25 | to | 2.50 | 5.85 | to | 4.56 |
| 12/31/2024 | 59552 | 2.04 | to | 9.58 | 118578 | 4.29 | 1.25 | to | 2.50 | 1.27 | to | 0.03 |
| 12/31/2023 | 66982 | 2.02 | to | 9.58 | 131807 | 3.17 | 1.25 | to | 2.50 | 6.06 | to | 4.77 |
| 12/31/2022 | 70879 | 1.90 | to | 9.14 | 131543 | 2.80 | 1.25 | to | 2.50 | (15.00) | to | (16.03) |
| 12/31/2021 | 76986 | 2.24 | to | 10.89 | 168229 | 2.65 | 1.25 | to | 2.50 | (2.04) | to | (3.23) |
| MFS® Total Return Bond Service Class | MFS® Total Return Bond Service Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 484624 | 1.65 | to | 9.73 | 772731 | 4.24 | 1.05 | to | 2.50 | 5.83 | to | 4.33 |
| 12/31/2024 | 546678 | 1.56 | to | 9.33 | 824806 | 4.06 | 1.05 | to | 2.50 | 1.26 | to | (0.18) |
| 12/31/2023 | 571806 | 1.54 | to | 9.34 | 853259 | 2.98 | 1.05 | to | 2.50 | 6.02 | to | 4.52 |
| 12/31/2022 | 693933 | 1.45 | to | 8.94 | 977753 | 2.49 | 1.05 | to | 2.50 | (15.07) | to | (16.27) |
| 12/31/2021 | 776692 | 1.71 | to | 10.67 | 1289630 | 2.54 | 1.05 | to | 2.50 | (2.10) | to | (3.48) |
| MFS® Utilities Initial Class | MFS® Utilities Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 593347 | 7.35 | to | 3.35 | 4137073 | 2.89 | 1.25 | to | 2.50 | 13.59 | to | 12.20 |
| 12/31/2024 | 696763 | 6.47 | to | 2.99 | 4291689 | 2.28 | 1.25 | to | 2.50 | 10.27 | to | 8.92 |
| 12/31/2023 | 767093 | 5.86 | to | 2.74 | 4292583 | 3.50 | 1.25 | to | 2.50 | (3.31) | to | (4.49) |
| 12/31/2022 | 855275 | 6.07 | to | 2.87 | 4958025 | 2.40 | 1.25 | to | 2.50 | (0.49) | to | (1.70) |
| 12/31/2021 | 952964 | 6.10 | to | 2.92 | 5558397 | 1.73 | 1.25 | to | 2.50 | 12.68 | to | 11.31 |
| MFS® Utilities Service Class | MFS® Utilities Service Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 107335 | 7.79 | to | 4.41 | 795836 | 2.75 | 1.05 | to | 2.50 | 13.57 | to | 11.96 |
| 12/31/2024 | 120279 | 6.86 | to | 3.94 | 795547 | 2.05 | 1.05 | to | 2.50 | 10.18 | to | 8.61 |
| 12/31/2023 | 121898 | 6.23 | to | 3.63 | 735373 | 3.22 | 1.05 | to | 2.50 | (3.34) | to | (4.71) |
| 12/31/2022 | 140849 | 6.45 | to | 3.81 | 881600 | 2.23 | 1.05 | to | 2.50 | (0.56) | to | (1.97) |
| 12/31/2021 | 158963 | 6.48 | to | 3.88 | 1010804 | 1.53 | 1.05 | to | 2.50 | 12.64 | to | 11.05 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| Putnam VT Core Equity Class IB Shares | Putnam VT Core Equity Class IB Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 83 | $8.38 | to | $28.94 | $404 | 0.41% | 1.05% | to | 2.50% | 15.59% | to | 13.96% |
| 12/31/2024 | 84 | 7.25 | to | 25.39 | 353 | 0.60 | 1.05 | to | 2.50 | 25.63 | to | 23.85 |
| 12/31/2023 | 84 | 5.77 | to | 20.50 | 283 | 0.26 | 1.05 | to | 2.50 | 26.76 | to | 24.97 |
| 12/31/2022 | 1043 | 4.55 | to | 16.41 | 2688 | 1.01 | 1.05 | to | 2.50 | (16.64) | to | (17.82) |
| 12/31/2021 | 1125 | 5.46 | to | 19.96 | 3490 | 0.65 | 1.05 | to | 2.50 | 29.65 | to | 27.82 |
| Putnam VT Diversified Income Class IB Shares | Putnam VT Diversified Income Class IB Shares | Putnam VT Diversified Income Class IB Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 104550 | 2.00 | to | 0.98 | 203005 | 6.06 | 1.05 | to | 2.50 | 7.46 | to | 5.94 |
| 12/31/2024 | 116170 | 1.86 | to | 0.93 | 210472 | 6.03 | 1.05 | to | 2.50 | 4.66 | to | 3.17 |
| 12/31/2023 | 121245 | 1.78 | to | 0.90 | 210135 | 6.05 | 1.05 | to | 2.50 | 3.73 | to | 2.27 |
| 12/31/2022 | 126977 | 1.72 | to | 0.88 | 212304 | 6.74 | 1.05 | to | 2.50 | (3.36) | to | (4.72) |
| 12/31/2021 | 141695 | 1.78 | to | 0.92 | 243420 | 0.68 | 1.05 | to | 2.50 | (7.92) | to | (9.22) |
| Putnam VT Focused International Equity Class IB Shares | Putnam VT Focused International Equity Class IB Shares | Putnam VT Focused International Equity Class IB Shares | Putnam VT Focused International Equity Class IB Shares | Putnam VT Focused International Equity Class IB Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 331431 | 4.73 | to | 2.82 | 1040921 | 3.16 | 1.05 | to | 2.50 | 35.02 | to | 33.11 |
| 12/31/2024 | 345453 | 3.50 | to | 2.12 | 806348 | 1.64 | 1.05 | to | 2.50 | 2.22 | to | 0.76 |
| 12/31/2023 | 365673 | 3.43 | to | 2.10 | 838551 | 0.68 | 1.05 | to | 2.50 | 18.01 | to | 16.35 |
| 12/31/2022 | 386940 | 2.90 | to | 1.81 | 754840 | 1.76 | 1.05 | to | 2.50 | (19.04) | to | (20.19) |
| 12/31/2021 | 384255 | 3.59 | to | 2.26 | 930397 | 0.76 | 1.05 | to | 2.50 | 11.41 | to | 9.83 |
| Putnam VT George Putnam Balanced Class IB Shares | Putnam VT George Putnam Balanced Class IB Shares | Putnam VT George Putnam Balanced Class IB Shares | Putnam VT George Putnam Balanced Class IB Shares |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 245515 | 3.72 | to | 2.13 | 852678 | 1.42 | 1.05 | to | 2.50 | 12.77 | to | 11.17 |
| 12/31/2024 | 260100 | 3.30 | to | 1.92 | 803555 | 1.14 | 1.05 | to | 2.50 | 15.51 | to | 13.86 |
| 12/31/2023 | 267775 | 2.86 | to | 1.68 | 718822 | 1.23 | 1.05 | to | 2.50 | 18.66 | to | 16.99 |
| 12/31/2022 | 293685 | 2.41 | to | 1.44 | 666392 | 0.91 | 1.05 | to | 2.50 | (16.87) | to | (18.04) |
| 12/31/2021 | 312864 | 2.90 | to | 1.76 | 857856 | 0.84 | 1.05 | to | 2.50 | 12.77 | to | 11.18 |
| Putnam VT Global Health Care Class IB Shares | Putnam VT Global Health Care Class IB Shares | Putnam VT Global Health Care Class IB Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 38340 | 6.14 | to | 2.11 | 149557 |  | 1.05 | to | 2.50 | 13.86 | to | 12.25 |
| 12/31/2024 | 50688 | 5.40 | to | 1.88 | 194166 | 0.48 | 1.05 | to | 2.50 | 0.37 | to | (1.06) |
| 12/31/2023 | 36431 | 5.38 | to | 1.90 | 181501 | 0.30 | 1.05 | to | 2.50 | 8.00 | to | 6.48 |
| 12/31/2022 | 38345 | 4.98 | to | 1.78 | 175916 | 0.40 | 1.05 | to | 2.50 | (5.66) | to | (6.99) |
| 12/31/2021 | 40015 | 5.28 | to | 1.92 | 196061 | 1.08 | 1.05 | to | 2.50 | 18.16 | to | 16.49 |
| Putnam VT Government Money Market Class IB Shares | Putnam VT Government Money Market Class IB Shares | Putnam VT Government Money Market Class IB Shares | Putnam VT Government Money Market Class IB Shares | Putnam VT Government Money Market Class IB Shares |  |  |  |  |  |  |  |  |
| 12/31/2025 | 2587473 | 1.09 | to | 0.79 | 2693404 | 3.60 | 1.05 | to | 2.50 | 2.60 | to | 1.15 |
| 12/31/2024 | 2144153 | 1.06 | to | 0.78 | 2141781 | 4.55 | 1.05 | to | 2.50 | 3.56 | to | 2.09 |
| 12/31/2023 | 2003452 | 1.02 | to | 0.77 | 1927227 | 4.34 | 1.05 | to | 2.50 | 3.35 | to | 1.89 |
| 12/31/2022 | 1771265 | 0.99 | to | 0.75 | 1711461 | 1.12 | 1.05 | to | 2.50 | 0.08 | to | (1.34) |
| 12/31/2021 | 2153891 | 0.99 | to | 0.76 | 2072030 | 0.01 | 1.05 | to | 2.50 | (1.03) | to | (2.43) |
| Putnam VT Income Class IB Shares | Putnam VT Income Class IB Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 78755 | 1.90 | to | 9.46 | 149264 | 4.74 | 1.25 | to | 2.50 | 5.93 | to | 4.64 |
| 12/31/2024 | 78757 | 1.79 | to | 9.04 | 140925 | 5.39 | 1.25 | to | 2.50 | 1.05 | to | (0.19) |
| 12/31/2023 | 78761 | 1.77 | to | 9.06 | 139479 | 5.68 | 1.25 | to | 2.50 | 3.41 | to | 2.15 |
| 12/31/2022 | 80354 | 1.72 | to | 8.87 | 137541 | 5.60 | 1.25 | to | 2.50 | (14.87) | to | (15.91) |
| 12/31/2021 | 81267 | 2.02 | to | 10.55 | 163373 | 1.46 | 1.25 | to | 2.50 | (5.76) | to | (6.91) |
| Putnam VT International Equity Class IB Shares | Putnam VT International Equity Class IB Shares | Putnam VT International Equity Class IB Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 21362 | 3.70 | to | 17.63 | 51564 | 0.01 | 1.05 | to | 2.50 | 36.25 | to | 34.33 |
| 12/31/2024 | 24611 | 2.72 | to | 13.12 | 43836 | 2.29 | 1.05 | to | 2.50 | 1.90 | to | 0.45 |
| 12/31/2023 | 32791 | 2.67 | to | 13.06 | 57853 | 0.04 | 1.05 | to | 2.50 | 17.28 | to | 15.62 |
| 12/31/2022 | 33683 | 2.27 | to | 11.30 | 50831 | 1.72 | 1.05 | to | 2.50 | (15.65) | to | (16.84) |
| 12/31/2021 | 54934 | 2.70 | to | 13.59 | 102923 | 1.31 | 1.05 | to | 2.50 | 7.69 | to | 6.17 |
| Putnam VT Large Cap Growth Class IB Shares | Putnam VT Large Cap Growth Class IB Shares | Putnam VT Large Cap Growth Class IB Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 196042 | 10.23 | to | 7.37 | 843849 |  | 1.05 | to | 2.50 | 13.15 | to | 11.55 |
| 12/31/2024 | 204927 | 9.04 | to | 6.60 | 793152 |  | 1.05 | to | 2.50 | 32.01 | to | 30.14 |
| 12/31/2023 | 250177 | 6.85 | to | 5.07 | 828647 |  | 1.05 | to | 2.50 | 42.98 | to | 40.97 |
| 12/31/2022 | 258949 | 4.79 | to | 3.60 | 602781 |  | 1.05 | to | 2.50 | (31.22) | to | (32.20) |
| 12/31/2021 | 306483 | 6.96 | to | 5.31 | 1112233 |  | 1.05 | to | 2.50 | 21.38 | to | 19.66 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| Putnam VT Large Cap Value Class IB Shares | Putnam VT Large Cap Value Class IB Shares | Putnam VT Large Cap Value Class IB Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 485435 | $7.85 | to | $3.89 | $3514323 | 1.43% | 1.05% | to | 2.50% | 19.10% | to | 17.42% |
| 12/31/2024 | 543496 | 6.59 | to | 3.31 | 3314914 | 1.10 | 1.05 | to | 2.50 | 17.90 | to | 16.22 |
| 12/31/2023 | 566260 | 5.59 | to | 2.85 | 2932624 | 2.02 | 1.05 | to | 2.50 | 14.47 | to | 12.85 |
| 12/31/2022 | 702229 | 4.88 | to | 2.53 | 3191358 | 1.49 | 1.05 | to | 2.50 | (4.14) | to | (5.49) |
| 12/31/2021 | 721598 | 5.09 | to | 2.67 | 3461996 | 1.23 | 1.05 | to | 2.50 | 25.98 | to | 24.20 |
| Putnam VT Research Class IB Shares | Putnam VT Research Class IB Shares |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 42027 | 8.26 | to | 29.29 | 260328 | 0.56 | 1.05 | to | 2.50 | 16.66 | to | 15.01 |
| 12/31/2024 | 42219 | 7.08 | to | 25.47 | 225177 | 0.38 | 1.05 | to | 2.50 | 24.96 | to | 23.18 |
| 12/31/2023 | 42404 | 5.67 | to | 20.67 | 181804 | 0.79 | 1.05 | to | 2.50 | 27.52 | to | 25.73 |
| 12/31/2022 | 42615 | 4.44 | to | 16.44 | 143907 | 0.56 | 1.05 | to | 2.50 | (18.14) | to | (19.30) |
| 12/31/2021 | 42810 | 5.43 | to | 20.38 | 177387 | 0.10 | 1.05 | to | 2.50 | 22.85 | to | 21.11 |
| Putnam VT Sustainable Leaders Class IB Shares | Putnam VT Sustainable Leaders Class IB Shares | Putnam VT Sustainable Leaders Class IB Shares |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 218 | 8.77 | to | 28.86 | 1860 | 0.85 | 1.25 | to | 2.50 | 9.33 | to | 7.99 |
| 12/31/2024 | 1324 | 8.02 | to | 26.73 | 10576 | 0.19 | 1.25 | to | 2.50 | 21.50 | to | 20.01 |
| 12/31/2023 | 1439 | 6.60 | to | 22.27 | 9462 | 0.50 | 1.25 | to | 2.50 | 24.55 | to | 23.04 |
| 12/31/2022 | 1569 | 5.30 | to | 18.10 | 8289 | 0.53 | 1.25 | to | 2.50 | (23.86) | to | (24.79) |
| 12/31/2021 | 1715 | 6.96 | to | 24.07 | 11906 | 0.14 | 1.25 | to | 2.50 | 22.01 | to | 20.52 |
| TA Aegon Bond Initial Class | TA Aegon Bond Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 3829101 | 1.71 | to | 0.91 | 6008892 | 6.56 | 1.05 | to | 2.95 | 6.01 | to | 4.06 |
| 12/31/2024 | 3812005 | 1.61 | to | 0.87 | 5756135 | 4.08 | 1.05 | to | 2.95 | 1.07 | to | (0.80) |
| 12/31/2023 | 4287143 | 1.59 | to | 0.88 | 6441837 | 0.94 | 1.05 | to | 2.95 | 5.34 | to | 3.40 |
| 12/31/2022 | 4314173 | 1.51 | to | 0.85 | 6200599 | 2.47 | 1.05 | to | 2.95 | (15.72) | to | (17.27) |
| 12/31/2021 | 5398369 | 1.79 | to | 1.03 | 9185424 | 1.51 | 1.05 | to | 2.95 | (1.90) | to | (3.71) |
| TA Aegon Bond Service Class | TA Aegon Bond Service Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1630519 | 1.67 | to | 0.99 | 2588776 | 6.30 | 0.85 | to | 2.50 | 5.88 | to | 4.18 |
| 12/31/2024 | 1732616 | 1.57 | to | 0.95 | 2595501 | 3.97 | 0.85 | to | 2.50 | 1.01 | to | (0.62) |
| 12/31/2023 | 1853610 | 1.56 | to | 0.95 | 2742477 | 0.63 | 0.85 | to | 2.50 | 5.29 | to | 3.60 |
| 12/31/2022 | 2417219 | 1.48 | to | 0.92 | 3364908 | 2.12 | 0.85 | to | 2.50 | (15.80) | to | (17.15) |
| 12/31/2021 | 3358048 | 1.76 | to | 1.11 | 5631572 | 1.22 | 0.85 | to | 2.50 | (1.90) | to | (3.48) |
| TA Aegon Core Bond Initial Class | TA Aegon Core Bond Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 867353 | 1.73 | to | 0.91 | 1386176 | 2.62 | 1.05 | to | 2.70 | 5.88 | to | 4.18 |
| 12/31/2024 | 927141 | 1.63 | to | 0.87 | 1401844 | 5.35 | 1.05 | to | 2.70 | 0.32 | to | (1.30) |
| 12/31/2023 | 950443 | 1.63 | to | 0.88 | 1438383 | 2.73 | 1.05 | to | 2.70 | 4.94 | to | 3.26 |
| 12/31/2022 | 1029106 | 1.55 | to | 0.86 | 1489501 | 2.91 | 1.05 | to | 2.70 | (13.67) | to | (15.06) |
| 12/31/2021 | 1095687 | 1.80 | to | 1.01 | 1850509 | 2.83 | 1.05 | to | 2.70 | (2.06) | to | (3.63) |
| TA Aegon High Yield Bond Initial Class | TA Aegon High Yield Bond Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 800190 | 3.14 | to | 2.41 | 2201860 | 6.75 | 1.05 | to | 2.95 | 7.33 | to | 5.35 |
| 12/31/2024 | 961235 | 2.92 | to | 2.29 | 2475933 | 5.03 | 1.05 | to | 2.95 | 6.31 | to | 4.34 |
| 12/31/2023 | 1129982 | 2.75 | to | 2.19 | 2746659 | 4.45 | 1.05 | to | 2.95 | 9.96 | to | 7.93 |
| 12/31/2022 | 1262376 | 2.50 | to | 2.03 | 2802885 | 5.49 | 1.05 | to | 2.95 | (12.04) | to | (13.66) |
| 12/31/2021 | 1669256 | 2.84 | to | 2.35 | 4256233 | 5.35 | 1.05 | to | 2.95 | 5.24 | to | 3.30 |
| TA Aegon High Yield Bond Service Class | TA Aegon High Yield Bond Service Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 110430 | 2.85 | to | 12.11 | 290875 | 6.56 | 0.85 | to | 2.50 | 7.35 | to | 5.63 |
| 12/31/2024 | 112526 | 2.65 | to | 11.46 | 276266 | 4.61 | 0.85 | to | 2.50 | 6.24 | to | 4.52 |
| 12/31/2023 | 123827 | 2.50 | to | 10.97 | 286849 | 4.19 | 0.85 | to | 2.50 | 9.94 | to | 8.17 |
| 12/31/2022 | 133408 | 2.27 | to | 10.14 | 278370 | 5.47 | 0.85 | to | 2.50 | (12.20) | to | (13.61) |
| 12/31/2021 | 159185 | 2.59 | to | 11.74 | 379575 | 4.93 | 0.85 | to | 2.50 | 5.36 | to | 3.66 |
| TA Aegon Sustainable Equity Income Initial Class | TA Aegon Sustainable Equity Income Initial Class | TA Aegon Sustainable Equity Income Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 3528794 | 4.48 | to | 2.51 | 10599924 | 1.72 | 1.05 | to | 2.95 | 10.10 | to | 8.07 |
| 12/31/2024 | 3847274 | 4.07 | to | 2.32 | 10616247 | 2.04 | 1.05 | to | 2.95 | 15.71 | to | 13.56 |
| 12/31/2023 | 4369247 | 3.52 | to | 2.04 | 10492913 | 2.22 | 1.05 | to | 2.95 | 5.18 | to | 3.24 |
| 12/31/2022 | 4625490 | 3.35 | to | 1.98 | 10669626 | 2.18 | 1.05 | to | 2.95 | (12.54) | to | (14.16) |
| 12/31/2021 | 5136426 | 3.83 | to | 2.31 | 13619172 | 2.12 | 1.05 | to | 2.95 | 21.15 | to | 18.92 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| TA Aegon Sustainable Equity Income Service Class | TA Aegon Sustainable Equity Income Service Class | TA Aegon Sustainable Equity Income Service Class | TA Aegon Sustainable Equity Income Service Class |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 549699 | $3.56 | to | $2.34 | $1748938 | 1.48% | 0.85% | to | 2.50% | 10.05% | to | 8.28% |
| 12/31/2024 | 596952 | 3.24 | to | 2.16 | 1724191 | 1.83 | 0.85 | to | 2.50 | 15.61 | to | 13.74 |
| 12/31/2023 | 656965 | 2.80 | to | 1.90 | 1633820 | 1.91 | 0.85 | to | 2.50 | 5.11 | to | 3.43 |
| 12/31/2022 | 765730 | 2.66 | to | 1.84 | 1782332 | 1.81 | 0.85 | to | 2.50 | (12.58) | to | (13.99) |
| 12/31/2021 | 907393 | 3.05 | to | 2.13 | 2412027 | 2.01 | 0.85 | to | 2.50 | 21.09 | to | 19.14 |
| TA Aegon U.S. Government Securities Initial Class | TA Aegon U.S. Government Securities Initial Class | TA Aegon U.S. Government Securities Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1679036 | 1.41 | to | 1.06 | 2177671 | 4.05 | 1.05 | to | 2.95 | 4.75 | to | 2.82 |
| 12/31/2024 | 1555899 | 1.34 | to | 1.04 | 1909353 | 3.58 | 1.05 | to | 2.95 | (0.72) | to | (2.56) |
| 12/31/2023 | 1740118 | 1.35 | to | 1.06 | 2159594 | 1.77 | 1.05 | to | 2.95 | 2.92 | to | 1.02 |
| 12/31/2022 | 1514364 | 1.31 | to | 1.05 | 1848656 | 1.05 | 1.05 | to | 2.95 | (13.93) | to | (15.51) |
| 12/31/2021 | 1358235 | 1.53 | to | 1.24 | 2082552 | 2.18 | 1.05 | to | 2.95 | (3.41) | to | (5.19) |
| TA Aegon U.S. Government Securities Service Class | TA Aegon U.S. Government Securities Service Class | TA Aegon U.S. Government Securities Service Class | TA Aegon U.S. Government Securities Service Class |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 941169 | 1.40 | to | 8.78 | 1236482 | 3.37 | 0.85 | to | 2.50 | 4.67 | to | 2.99 |
| 12/31/2024 | 1164255 | 1.34 | to | 8.52 | 1451850 | 2.85 | 0.85 | to | 2.50 | (0.69) | to | (2.30) |
| 12/31/2023 | 1863050 | 1.35 | to | 8.72 | 2351342 | 1.42 | 0.85 | to | 2.50 | 2.82 | to | 1.16 |
| 12/31/2022 | 2485350 | 1.31 | to | 8.62 | 3051097 | 0.93 | 0.85 | to | 2.50 | (14.03) | to | (15.41) |
| 12/31/2021 | 1109314 | 1.52 | to | 10.19 | 1578557 | 1.75 | 0.85 | to | 2.50 | (3.36) | to | (4.91) |
| TA BlackRock Government Money Market Initial Class | TA BlackRock Government Money Market Initial Class | TA BlackRock Government Money Market Initial Class | TA BlackRock Government Money Market Initial Class | TA BlackRock Government Money Market Initial Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 6832814 | 1.13 | to | 0.75 | 6096941 | 3.99 | 1.05 | to | 2.95 | 2.99 | to | 1.08 |
| 12/31/2024 | 7137083 | 1.09 | to | 0.74 | 6247344 | 4.93 | 1.05 | to | 2.95 | 3.94 | to | 2.01 |
| 12/31/2023 | 7474865 | 1.05 | to | 0.73 | 6442315 | 4.75 | 1.05 | to | 2.95 | 3.77 | to | 1.86 |
| 12/31/2022 | 10064734 | 1.01 | to | 0.71 | 8620370 | 1.45 | 1.05 | to | 2.95 | 0.35 | to | (1.49) |
| 12/31/2021 | 9374755 | 1.01 | to | 0.72 | 7961816 |  | 1.05 | to | 2.95 | (1.03) | to | (2.86) |
| TA BlackRock Government Money Market Service Class | TA BlackRock Government Money Market Service Class | TA BlackRock Government Money Market Service Class | TA BlackRock Government Money Market Service Class | TA BlackRock Government Money Market Service Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 2922962 | 1.14 | to | 9.50 | 3088884 | 3.75 | 0.85 | to | 2.50 | 2.93 | to | 1.27 |
| 12/31/2024 | 3232759 | 1.11 | to | 9.38 | 3340105 | 4.69 | 0.85 | to | 2.50 | 3.89 | to | 2.21 |
| 12/31/2023 | 4035924 | 1.07 | to | 9.18 | 4043324 | 4.55 | 0.85 | to | 2.50 | 3.78 | to | 2.12 |
| 12/31/2022 | 5449916 | 1.03 | to | 8.99 | 5310610 | 1.37 | 0.85 | to | 2.50 | 0.55 | to | (1.06) |
| 12/31/2021 | 6492021 | 1.02 | to | 9.08 | 6326418 | 0.01 | 0.85 | to | 2.50 | (0.84) | to | (2.44) |
| TA BlackRock iShares Edge 40 Initial Class | TA BlackRock iShares Edge 40 Initial Class | TA BlackRock iShares Edge 40 Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 379347 | 2.54 | to | 12.16 | 821703 | 2.86 | 1.05 | to | 2.95 | 10.48 | to | 8.44 |
| 12/31/2024 | 561906 | 2.30 | to | 11.21 | 1101980 | 2.68 | 1.05 | to | 2.95 | 5.59 | to | 3.63 |
| 12/31/2023 | 621844 | 2.18 | to | 10.82 | 1161426 | 2.29 | 1.05 | to | 2.95 | 8.31 | to | 6.32 |
| 12/31/2022 | 654575 | 2.01 | to | 10.18 | 1138581 | 1.80 | 1.05 | to | 2.95 | (15.13) | to | (16.70) |
| 12/31/2021 | 791754 | 2.37 | to | 12.22 | 1644342 | 1.82 | 1.05 | to | 2.95 | 4.99 | to | 3.05 |
| TA BlackRock iShares Edge 40 Service Class | TA BlackRock iShares Edge 40 Service Class | TA BlackRock iShares Edge 40 Service Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 131671 | 2.14 | to | 12.29 | 257290 | 2.84 | 0.85 | to | 2.50 | 10.49 | to | 8.71 |
| 12/31/2024 | 132712 | 1.94 | to | 11.31 | 238905 | 2.47 | 0.85 | to | 2.50 | 5.57 | to | 3.87 |
| 12/31/2023 | 193725 | 1.83 | to | 10.89 | 316220 | 2.01 | 0.85 | to | 2.50 | 8.15 | to | 6.41 |
| 12/31/2022 | 215032 | 1.70 | to | 10.23 | 325359 | 1.57 | 0.85 | to | 2.50 | (15.16) | to | (16.52) |
| 12/31/2021 | 241627 | 2.00 | to | 12.25 | 433905 | 1.52 | 0.85 | to | 2.50 | 4.88 | to | 3.20 |
| TA BlackRock Real Estate Securities Initial Class | TA BlackRock Real Estate Securities Initial Class | TA BlackRock Real Estate Securities Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 87234 | 3.57 | to | 2.16 | 269763 | 1.81 | 1.05 | to | 2.95 | 8.38 | to | 6.38 |
| 12/31/2024 | 91534 | 3.29 | to | 2.03 | 262137 | 2.15 | 1.05 | to | 2.95 | 0.20 | to | (1.66) |
| 12/31/2023 | 102043 | 3.29 | to | 2.06 | 295587 | 6.11 | 1.05 | to | 2.95 | 12.15 | to | 10.09 |
| 12/31/2022 | 113494 | 2.93 | to | 1.87 | 296046 | 3.27 | 1.05 | to | 2.95 | (28.94) | to | (30.25) |
| 12/31/2021 | 128339 | 4.12 | to | 2.68 | 475080 | 2.65 | 1.05 | to | 2.95 | 24.91 | to | 22.61 |
| TA BlackRock Real Estate Securities Service Class | TA BlackRock Real Estate Securities Service Class | TA BlackRock Real Estate Securities Service Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 77275 | 2.87 | to | 11.32 | 200514 | 1.43 | 0.85 | to | 2.50 | 8.40 | to | 6.66 |
| 12/31/2024 | 80745 | 2.65 | to | 10.62 | 191110 | 1.79 | 0.85 | to | 2.50 | 0.17 | to | (1.45) |
| 12/31/2023 | 86166 | 2.64 | to | 10.77 | 201507 | 5.31 | 0.85 | to | 2.50 | 12.20 | to | 10.39 |
| 12/31/2022 | 85002 | 2.35 | to | 9.76 | 176679 | 2.83 | 0.85 | to | 2.50 | (28.99) | to | (30.13) |
| 12/31/2021 | 97831 | 3.31 | to | 13.97 | 287677 | 2.00 | 0.85 | to | 2.50 | 24.79 | to | 22.78 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| TA International Focus Initial Class | TA International Focus Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 386964 | $1.87 | to | $1.65 | $701237 | 1.72% | 1.70% | to | 2.95% | 4.69% | to | 3.42% |
| 12/31/2024 | 409455 | 1.78 | to | 1.59 | 709309 | 2.21 | 1.70 | to | 2.95 | (2.72) | to | (3.90) |
| 12/31/2023 | 506589 | 1.83 | to | 1.66 | 902202 | 2.00 | 1.70 | to | 2.95 | 10.66 | to | 9.32 |
| 12/31/2022 | 540347 | 1.66 | to | 1.52 | 871418 | 2.90 | 1.70 | to | 2.95 | (21.38) | to | (22.33) |
| 12/31/2021 | 745830 | 2.11 | to | 1.95 | 1536548 | 1.27 | 1.70 | to | 2.95 | 8.97 | to | 7.64 |
| TA International Focus Service Class | TA International Focus Service Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 280678 | 2.67 | to | 13.34 | 743664 | 1.52 | 0.85 | to | 2.50 | 5.34 | to | 3.64 |
| 12/31/2024 | 274929 | 2.54 | to | 12.87 | 693971 | 2.11 | 0.85 | to | 2.50 | (2.16) | to | (3.75) |
| 12/31/2023 | 290921 | 2.59 | to | 13.37 | 747702 | 1.78 | 0.85 | to | 2.50 | 11.33 | to | 9.54 |
| 12/31/2022 | 291603 | 2.33 | to | 12.21 | 673246 | 2.76 | 0.85 | to | 2.50 | (20.97) | to | (22.24) |
| 12/31/2021 | 305363 | 2.95 | to | 15.70 | 889230 | 1.09 | 0.85 | to | 2.50 | 9.70 | to | 7.93 |
| TA Janus Mid-Cap Growth Initial Class | TA Janus Mid-Cap Growth Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1537244 | 6.58 | to | 2.76 | 8237177 | 0.01 | 1.05 | to | 2.95 | 6.99 | to | 5.01 |
| 12/31/2024 | 1747817 | 6.15 | to | 2.63 | 8837727 | 0.13 | 1.05 | to | 2.95 | 13.19 | to | 11.09 |
| 12/31/2023 | 1864187 | 5.44 | to | 2.37 | 8334812 |  | 1.05 | to | 2.95 | 15.83 | to | 13.70 |
| 12/31/2022 | 1988259 | 4.69 | to | 2.08 | 7705913 |  | 1.05 | to | 2.95 | (17.58) | to | (19.10) |
| 12/31/2021 | 2204248 | 5.70 | to | 2.57 | 10372495 | 0.27 | 1.05 | to | 2.95 | 16.08 | to | 13.94 |
| TA Janus Mid-Cap Growth Service Class | TA Janus Mid-Cap Growth Service Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 75445 | 5.52 | to | 22.59 | 367742 |  | 0.85 | to | 2.50 | 6.94 | to | 5.22 |
| 12/31/2024 | 108145 | 5.16 | to | 21.47 | 492282 |  | 0.85 | to | 2.50 | 13.10 | to | 11.27 |
| 12/31/2023 | 114776 | 4.56 | to | 19.30 | 464567 |  | 0.85 | to | 2.50 | 15.82 | to | 13.96 |
| 12/31/2022 | 180006 | 3.94 | to | 16.93 | 651869 |  | 0.85 | to | 2.50 | (17.63) | to | (18.96) |
| 12/31/2021 | 184789 | 4.78 | to | 20.90 | 815131 | 0.10 | 0.85 | to | 2.50 | 16.00 | to | 14.14 |
| TA JPMorgan Asset Allocation - Conservative Initial Class | TA JPMorgan Asset Allocation - Conservative Initial Class | TA JPMorgan Asset Allocation - Conservative Initial Class | TA JPMorgan Asset Allocation - Conservative Initial Class | TA JPMorgan Asset Allocation - Conservative Initial Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 4279728 | 2.61 | to | 1.70 | 9050576 | 3.98 | 1.05 | to | 2.95 | 9.48 | to | 7.46 |
| 12/31/2024 | 4453688 | 2.38 | to | 1.58 | 8778614 | 2.02 | 1.05 | to | 2.95 | 4.62 | to | 2.67 |
| 12/31/2023 | 5105337 | 2.28 | to | 1.54 | 9660945 | 2.28 | 1.05 | to | 2.95 | 5.94 | to | 3.99 |
| 12/31/2022 | 5429479 | 2.15 | to | 1.48 | 9643448 | 5.51 | 1.05 | to | 2.95 | (16.23) | to | (17.78) |
| 12/31/2021 | 5864348 | 2.56 | to | 1.80 | 12486252 | 2.46 | 1.05 | to | 2.95 | 4.80 | to | 2.87 |
| TA JPMorgan Asset Allocation - Conservative Service Class | TA JPMorgan Asset Allocation - Conservative Service Class | TA JPMorgan Asset Allocation - Conservative Service Class | TA JPMorgan Asset Allocation - Conservative Service Class | TA JPMorgan Asset Allocation - Conservative Service Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 5540551 | 2.19 | to | 1.28 | 11574453 | 3.72 | 0.85 | to | 2.50 | 9.43 | to | 7.66 |
| 12/31/2024 | 6422502 | 2.01 | to | 1.19 | 12243709 | 1.76 | 0.85 | to | 2.50 | 4.62 | to | 2.93 |
| 12/31/2023 | 7631531 | 1.92 | to | 1.15 | 13949410 | 1.93 | 0.85 | to | 2.50 | 5.93 | to | 4.23 |
| 12/31/2022 | 9832610 | 1.81 | to | 1.11 | 16882236 | 5.29 | 0.85 | to | 2.50 | (16.32) | to | (17.66) |
| 12/31/2021 | 11621815 | 2.16 | to | 1.34 | 23899316 | 2.16 | 0.85 | to | 2.50 | 4.74 | to | 3.05 |
| TA JPMorgan Asset Allocation - Moderate Initial Class | TA JPMorgan Asset Allocation - Moderate Initial Class | TA JPMorgan Asset Allocation - Moderate Initial Class | TA JPMorgan Asset Allocation - Moderate Initial Class | TA JPMorgan Asset Allocation - Moderate Initial Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 6436376 | 3.25 | to | 2.09 | 16451970 | 3.23 | 1.05 | to | 2.95 | 10.73 | to | 8.69 |
| 12/31/2024 | 6752615 | 2.93 | to | 1.93 | 15660612 | 1.57 | 1.05 | to | 2.95 | 6.89 | to | 4.91 |
| 12/31/2023 | 7603630 | 2.75 | to | 1.84 | 16594046 | 2.08 | 1.05 | to | 2.95 | 7.97 | to | 5.99 |
| 12/31/2022 | 8422527 | 2.54 | to | 1.73 | 17163301 | 5.23 | 1.05 | to | 2.95 | (16.95) | to | (18.48) |
| 12/31/2021 | 9844167 | 3.06 | to | 2.12 | 24327651 | 1.85 | 1.05 | to | 2.95 | 8.05 | to | 6.05 |
| TA JPMorgan Asset Allocation - Moderate Service Class | TA JPMorgan Asset Allocation - Moderate Service Class | TA JPMorgan Asset Allocation - Moderate Service Class | TA JPMorgan Asset Allocation - Moderate Service Class | TA JPMorgan Asset Allocation - Moderate Service Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 12530618 | 2.68 | to | 1.96 | 32230483 | 3.08 | 0.85 | to | 2.50 | 10.60 | to | 8.82 |
| 12/31/2024 | 14729337 | 2.42 | to | 1.80 | 34291488 | 1.36 | 0.85 | to | 2.50 | 6.78 | to | 5.06 |
| 12/31/2023 | 16394992 | 2.27 | to | 1.72 | 36159275 | 1.83 | 0.85 | to | 2.50 | 7.94 | to | 6.21 |
| 12/31/2022 | 19380636 | 2.10 | to | 1.62 | 39737043 | 5.03 | 0.85 | to | 2.50 | (16.96) | to | (18.29) |
| 12/31/2021 | 22462423 | 2.53 | to | 1.98 | 55668430 | 1.67 | 0.85 | to | 2.50 | 8.01 | to | 6.28 |
| TA JPMorgan Asset Allocation - Moderate Growth Initial Class | TA JPMorgan Asset Allocation - Moderate Growth Initial Class | TA JPMorgan Asset Allocation - Moderate Growth Initial Class | TA JPMorgan Asset Allocation - Moderate Growth Initial Class | TA JPMorgan Asset Allocation - Moderate Growth Initial Class | TA JPMorgan Asset Allocation - Moderate Growth Initial Class |  |  |  |  |  |  |  |
| 12/31/2025 | 8468440 | 4.04 | to | 1.74 | 26237915 | 2.69 | 1.05 | to | 2.95 | 11.96 | to | 9.89 |
| 12/31/2024 | 9317060 | 3.61 | to | 1.59 | 26022435 | 1.22 | 1.05 | to | 2.95 | 9.89 | to | 7.85 |
| 12/31/2023 | 10102270 | 3.28 | to | 1.47 | 25888100 | 1.96 | 1.05 | to | 2.95 | 11.05 | to | 9.01 |
| 12/31/2022 | 11063497 | 2.96 | to | 1.35 | 25695784 | 5.27 | 1.05 | to | 2.95 | (18.21) | to | (19.72) |
| 12/31/2021 | 12277126 | 3.61 | to | 1.68 | 34803614 | 2.19 | 1.05 | to | 2.95 | 12.76 | to | 10.68 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| TA JPMorgan Asset Allocation - Moderate Growth Service Class | TA JPMorgan Asset Allocation - Moderate Growth Service Class | TA JPMorgan Asset Allocation - Moderate Growth Service Class | TA JPMorgan Asset Allocation - Moderate Growth Service Class | TA JPMorgan Asset Allocation - Moderate Growth Service Class | TA JPMorgan Asset Allocation - Moderate Growth Service Class |  |  |  |  |  |  |  |
| 12/31/2025 | 25076627 | $3.26 | to | $2.52 | $75002988 | 2.45% | 0.85% | to | 2.50% | 11.89% | to | 10.09% |
| 12/31/2024 | 29328596 | 2.91 | to | 2.29 | 78327012 | 0.97 | 0.85 | to | 2.50 | 9.76 | to | 7.99 |
| 12/31/2023 | 33721222 | 2.65 | to | 2.12 | 82272943 | 1.71 | 0.85 | to | 2.50 | 10.99 | to | 9.21 |
| 12/31/2022 | 39911176 | 2.39 | to | 1.94 | 87877402 | 5.06 | 0.85 | to | 2.50 | (18.22) | to | (19.54) |
| 12/31/2021 | 45559961 | 2.92 | to | 2.41 | 122884732 | 1.93 | 0.85 | to | 2.50 | 12.75 | to | 10.93 |
| TA JPMorgan Diversified Equity Allocation Initial Class | TA JPMorgan Diversified Equity Allocation Initial Class | TA JPMorgan Diversified Equity Allocation Initial Class | TA JPMorgan Diversified Equity Allocation Initial Class | TA JPMorgan Diversified Equity Allocation Initial Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1937771 | 5.62 | to | 2.42 | 7979679 | 1.37 | 1.05 | to | 2.95 | 18.21 | to | 16.03 |
| 12/31/2024 | 2216334 | 4.76 | to | 2.08 | 7803093 | 1.34 | 1.05 | to | 2.95 | 15.16 | to | 13.02 |
| 12/31/2023 | 2377051 | 4.13 | to | 1.84 | 7334962 | 1.69 | 1.05 | to | 2.95 | 19.09 | to | 16.90 |
| 12/31/2022 | 2782552 | 3.47 | to | 1.58 | 7325453 | 6.03 | 1.05 | to | 2.95 | (23.37) | to | (24.78) |
| 12/31/2021 | 3416858 | 4.53 | to | 2.10 | 12101852 | 1.66 | 1.05 | to | 2.95 | 18.40 | to | 16.21 |
| TA JPMorgan Diversified Equity Allocation Service Class | TA JPMorgan Diversified Equity Allocation Service Class | TA JPMorgan Diversified Equity Allocation Service Class | TA JPMorgan Diversified Equity Allocation Service Class | TA JPMorgan Diversified Equity Allocation Service Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 1948177 | 4.38 | to | 2.78 | 8118685 | 1.26 | 0.85 | to | 2.50 | 18.06 | to | 16.16 |
| 12/31/2024 | 2439061 | 3.71 | to | 2.39 | 8606039 | 1.13 | 0.85 | to | 2.50 | 15.11 | to | 13.25 |
| 12/31/2023 | 2649762 | 3.22 | to | 2.11 | 8125097 | 1.44 | 0.85 | to | 2.50 | 19.00 | to | 17.09 |
| 12/31/2022 | 2999145 | 2.71 | to | 1.80 | 7826570 | 5.64 | 0.85 | to | 2.50 | (23.39) | to | (24.62) |
| 12/31/2021 | 3369736 | 3.53 | to | 2.39 | 11636639 | 1.52 | 0.85 | to | 2.50 | 18.34 | to | 16.44 |
| TA JPMorgan Enhanced Index Initial Class | TA JPMorgan Enhanced Index Initial Class | TA JPMorgan Enhanced Index Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 2429848 | 4.72 | to | 5.58 | 11100349 | 0.70 | 1.15 | to | 2.95 | 14.89 | to | 12.89 |
| 12/31/2024 | 2637107 | 4.11 | to | 4.94 | 10532039 | 0.65 | 1.15 | to | 2.95 | 22.82 | to | 20.66 |
| 12/31/2023 | 1083837 | 3.35 | to | 4.09 | 3456144 | 0.79 | 1.15 | to | 2.95 | 26.22 | to | 24.02 |
| 12/31/2022 | 1301177 | 2.65 | to | 3.30 | 3312836 | 0.64 | 1.15 | to | 2.95 | (19.28) | to | (20.69) |
| 12/31/2021 | 1629490 | 3.28 | to | 4.16 | 5171395 | 0.79 | 1.15 | to | 2.95 | 28.64 | to | 26.39 |
| TA JPMorgan Enhanced Index Service Class | TA JPMorgan Enhanced Index Service Class | TA JPMorgan Enhanced Index Service Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 110116 | 7.01 | to | 27.13 | 757973 | 0.51 | 0.85 | to | 2.50 | 14.92 | to | 13.07 |
| 12/31/2024 | 154959 | 6.10 | to | 24.00 | 914893 | 0.44 | 0.85 | to | 2.50 | 22.85 | to | 20.86 |
| 12/31/2023 | 192663 | 4.97 | to | 19.85 | 925230 | 0.63 | 0.85 | to | 2.50 | 26.32 | to | 24.29 |
| 12/31/2022 | 147854 | 3.93 | to | 15.97 | 569242 | 0.40 | 0.85 | to | 2.50 | (19.23) | to | (20.53) |
| 12/31/2021 | 164878 | 4.87 | to | 20.10 | 786561 | 0.57 | 0.85 | to | 2.50 | 28.69 | to | 26.62 |
| TA JPMorgan International Moderate Growth Initial Class | TA JPMorgan International Moderate Growth Initial Class | TA JPMorgan International Moderate Growth Initial Class | TA JPMorgan International Moderate Growth Initial Class | TA JPMorgan International Moderate Growth Initial Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 164900 | 1.71 | to | 13.70 | 261037 | 3.37 | 1.05 | to | 2.65 | 16.79 | to | 14.97 |
| 12/31/2024 | 170294 | 1.46 | to | 11.91 | 231730 | 2.49 | 1.05 | to | 2.65 | 0.97 | to | (0.62) |
| 12/31/2023 | 237093 | 1.45 | to | 11.99 | 325972 | 1.63 | 1.05 | to | 2.65 | 8.03 | to | 6.35 |
| 12/31/2022 | 245476 | 1.34 | to | 11.27 | 313179 | 5.30 | 1.05 | to | 2.65 | (18.14) | to | (19.41) |
| 12/31/2021 | 234770 | 1.64 | to | 13.99 | 367266 | 1.52 | 1.05 | to | 2.65 | 8.12 | to | 6.43 |
| TA JPMorgan International Moderate Growth Service Class | TA JPMorgan International Moderate Growth Service Class | TA JPMorgan International Moderate Growth Service Class | TA JPMorgan International Moderate Growth Service Class | TA JPMorgan International Moderate Growth Service Class |  |  |  |  |  |  |  |  |
| 12/31/2025 | 3078506 | 1.69 | to | 1.40 | 4983236 | 3.08 | 0.85 | to | 2.50 | 16.68 | to | 14.80 |
| 12/31/2024 | 3566235 | 1.45 | to | 1.22 | 4973892 | 2.13 | 0.85 | to | 2.50 | 1.03 | to | (0.61) |
| 12/31/2023 | 4073864 | 1.43 | to | 1.23 | 5635339 | 1.32 | 0.85 | to | 2.50 | 7.79 | to | 6.05 |
| 12/31/2022 | 4767937 | 1.33 | to | 1.16 | 6130222 | 4.71 | 0.85 | to | 2.50 | (18.12) | to | (19.43) |
| 12/31/2021 | 5567250 | 1.62 | to | 1.44 | 8726526 | 1.28 | 0.85 | to | 2.50 | 8.09 | to | 6.35 |
| TA JPMorgan Tactical Allocation Initial Class | TA JPMorgan Tactical Allocation Initial Class | TA JPMorgan Tactical Allocation Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 228968 | 2.13 | to | 1.21 | 451344 | 3.34 | 1.05 | to | 2.50 | 7.96 | to | 6.43 |
| 12/31/2024 | 265951 | 1.98 | to | 1.13 | 487551 | 2.81 | 1.05 | to | 2.50 | 3.18 | to | 1.71 |
| 12/31/2023 | 287497 | 1.92 | to | 1.12 | 512676 | 1.93 | 1.05 | to | 2.50 | 7.77 | to | 6.25 |
| 12/31/2022 | 317535 | 1.78 | to | 1.05 | 527290 | 1.95 | 1.05 | to | 2.50 | (15.69) | to | (16.88) |
| 12/31/2021 | 358972 | 2.11 | to | 1.26 | 709200 | 1.73 | 1.05 | to | 2.50 | 3.82 | to | 2.35 |
| TA JPMorgan Tactical Allocation Service Class | TA JPMorgan Tactical Allocation Service Class | TA JPMorgan Tactical Allocation Service Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 214884 | 2.02 | to | 1.28 | 374117 | 2.86 | 1.05 | to | 2.50 | 7.70 | to | 6.18 |
| 12/31/2024 | 255501 | 1.88 | to | 1.20 | 413714 | 2.41 | 1.05 | to | 2.50 | 2.99 | to | 1.53 |
| 12/31/2023 | 336997 | 1.82 | to | 1.18 | 536404 | 1.56 | 1.05 | to | 2.50 | 7.44 | to | 5.92 |
| 12/31/2022 | 406923 | 1.70 | to | 1.12 | 604675 | 1.53 | 1.05 | to | 2.50 | (15.91) | to | (17.10) |
| 12/31/2021 | 488264 | 2.02 | to | 1.35 | 859624 | 1.53 | 1.05 | to | 2.50 | 3.55 | to | 2.08 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| TA Multi-Managed Balanced Initial Class | TA Multi-Managed Balanced Initial Class | TA Multi-Managed Balanced Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 535757 | $5.37 | to | $3.31 | $2352974 | 2.09% | 1.05% | to | 2.95% | 11.89% | to | 9.82% |
| 12/31/2024 | 686111 | 4.80 | to | 3.02 | 2708365 | 1.92 | 1.05 | to | 2.95 | 13.74 | to | 11.63 |
| 12/31/2023 | 786479 | 4.22 | to | 2.70 | 2751817 | 1.56 | 1.05 | to | 2.95 | 17.50 | to | 15.34 |
| 12/31/2022 | 888148 | 3.59 | to | 2.34 | 2663699 | 1.15 | 1.05 | to | 2.95 | (17.15) | to | (18.68) |
| 12/31/2021 | 1036161 | 4.34 | to | 2.88 | 3773835 | 1.18 | 1.05 | to | 2.95 | 15.82 | to | 13.69 |
| TA Multi-Managed Balanced Service Class | TA Multi-Managed Balanced Service Class | TA Multi-Managed Balanced Service Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 4108284 | 4.84 | to | 18.27 | 16253766 | 1.86 | 0.85 | to | 2.50 | 11.78 | to | 9.98 |
| 12/31/2024 | 4715262 | 4.33 | to | 16.61 | 16791789 | 1.68 | 0.85 | to | 2.50 | 13.67 | to | 11.83 |
| 12/31/2023 | 5782028 | 3.81 | to | 14.85 | 18552729 | 1.34 | 0.85 | to | 2.50 | 17.44 | to | 15.56 |
| 12/31/2022 | 6203346 | 3.24 | to | 12.85 | 17073179 | 0.90 | 0.85 | to | 2.50 | (17.19) | to | (18.52) |
| 12/31/2021 | 7514542 | 3.92 | to | 15.78 | 24977434 | 0.95 | 0.85 | to | 2.50 | 15.81 | to | 13.94 |
| TA Small/Mid Cap Value Initial Class | TA Small/Mid Cap Value Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 312194 | 2.76 | to | 15.95 | 3341927 | 1.26 | 1.05 | to | 2.95 | 8.67 | to | 6.67 |
| 12/31/2024 | 327718 | 2.54 | to | 14.95 | 3310485 | 0.94 | 1.05 | to | 2.95 | 7.72 | to | 5.72 |
| 12/31/2023 | 371799 | 2.36 | to | 14.15 | 3478477 | 1.05 | 1.05 | to | 2.95 | 11.23 | to | 9.19 |
| 12/31/2022 | 384091 | 2.12 | to | 12.96 | 3323511 | 0.60 | 1.05 | to | 2.95 | (9.26) | to | (10.93) |
| 12/31/2021 | 410597 | 2.34 | to | 14.55 | 3921327 | 0.65 | 1.05 | to | 2.95 | 26.79 | to | 24.46 |
| TA T. Rowe Price Small Cap Initial Class | TA T. Rowe Price Small Cap Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 355535 | 8.77 | to | 4.77 | 1768688 |  | 1.05 | to | 2.95 | 9.12 | to | 7.11 |
| 12/31/2024 | 390677 | 8.03 | to | 4.46 | 1773470 |  | 1.05 | to | 2.95 | 11.60 | to | 9.53 |
| 12/31/2023 | 512843 | 7.20 | to | 4.07 | 2158825 |  | 1.05 | to | 2.95 | 19.94 | to | 17.74 |
| 12/31/2022 | 639702 | 6.00 | to | 3.46 | 2201377 |  | 1.05 | to | 2.95 | (23.19) | to | (24.61) |
| 12/31/2021 | 721502 | 7.81 | to | 4.58 | 3207903 |  | 1.05 | to | 2.95 | 10.22 | to | 8.18 |
| TA T. Rowe Price Small Cap Service Class | TA T. Rowe Price Small Cap Service Class | TA T. Rowe Price Small Cap Service Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 130618 | 6.31 | to | 18.78 | 750606 |  | 0.85 | to | 2.50 | 9.01 | to | 7.25 |
| 12/31/2024 | 139391 | 5.79 | to | 17.51 | 740078 |  | 0.85 | to | 2.50 | 11.66 | to | 9.85 |
| 12/31/2023 | 146785 | 5.19 | to | 15.94 | 701569 |  | 0.85 | to | 2.50 | 19.86 | to | 17.94 |
| 12/31/2022 | 141468 | 4.33 | to | 13.52 | 559280 |  | 0.85 | to | 2.50 | (23.25) | to | (24.48) |
| 12/31/2021 | 107306 | 5.64 | to | 17.90 | 535984 |  | 0.85 | to | 2.50 | 10.15 | to | 8.37 |
| TA TSW International Equity Initial Class | TA TSW International Equity Initial Class | TA TSW International Equity Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 384335 | 1.86 | to | 2.27 | 715164 | 2.24 | 1.70 | to | 2.95 | 29.66 | to | 28.08 |
| 12/31/2024 | 447908 | 1.43 | to | 1.77 | 643756 | 2.78 | 1.70 | to | 2.95 | 1.65 | to | 0.41 |
| 12/31/2023 | 542519 | 1.41 | to | 1.76 | 764305 | 1.12 | 1.70 | to | 2.95 | 13.55 | to | 12.18 |
| 12/31/2022 | 561963 | 1.24 | to | 1.57 | 687436 | 3.49 | 1.70 | to | 2.95 | (15.83) | to | (16.85) |
| 12/31/2021 | 629700 | 1.47 | to | 1.89 | 919239 | 1.89 | 1.70 | to | 2.95 | 11.52 | to | 10.16 |
| TA TSW International Equity Service Class | TA TSW International Equity Service Class | TA TSW International Equity Service Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 158325 | 3.04 | to | 15.82 | 436935 | 2.10 | 0.85 | to | 2.50 | 30.31 | to | 28.22 |
| 12/31/2024 | 191072 | 2.34 | to | 12.34 | 396530 | 2.65 | 0.85 | to | 2.50 | 2.24 | to | 0.59 |
| 12/31/2023 | 236034 | 2.28 | to | 12.26 | 480592 | 0.79 | 0.85 | to | 2.50 | 14.29 | to | 12.46 |
| 12/31/2022 | 224308 | 2.00 | to | 10.91 | 400652 | 3.07 | 0.85 | to | 2.50 | (15.35) | to | (16.71) |
| 12/31/2021 | 247965 | 2.36 | to | 13.09 | 527518 | 1.74 | 0.85 | to | 2.50 | 12.25 | to | 10.44 |
| TA TSW Mid Cap Value Opportunities Initial Class | TA TSW Mid Cap Value Opportunities Initial Class | TA TSW Mid Cap Value Opportunities Initial Class |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 275189 | 6.57 | to | 2.69 | 1249042 | 1.24 | 1.05 | to | 2.70 | 8.42 | to | 6.68 |
| 12/31/2024 | 295064 | 6.06 | to | 2.52 | 1237469 | 1.39 | 1.05 | to | 2.70 | 7.35 | to | 5.61 |
| 12/31/2023 | 349968 | 5.64 | to | 2.39 | 1385747 | 1.49 | 1.05 | to | 2.70 | 9.66 | to | 7.90 |
| 12/31/2022 | 378303 | 5.14 | to | 2.21 | 1369744 | 0.83 | 1.05 | to | 2.70 | (9.18) | to | (10.64) |
| 12/31/2021 | 407202 | 5.66 | to | 2.48 | 1633164 | 0.77 | 1.05 | to | 2.70 | 27.85 | to | 25.80 |
| TA WMC US Growth Initial Class | TA WMC US Growth Initial Class |  |  |  |  |  |  |  |  |  |  |  |
| 12/31/2025 | 10126764 | 10.63 | to | 4.63 | 48285300 |  | 1.05 | to | 2.95 | 16.54 | to | 14.39 |
| 12/31/2024 | 11647779 | 9.12 | to | 4.05 | 48115421 | 0.01 | 1.05 | to | 2.95 | 27.65 | to | 25.28 |
| 12/31/2023 | 12926340 | 7.15 | to | 3.23 | 41990922 | 0.04 | 1.05 | to | 2.95 | 40.61 | to | 38.03 |
| 12/31/2022 | 10962324 | 5.08 | to | 2.34 | 25945070 |  | 1.05 | to | 2.95 | (32.06) | to | (33.31) |
| 12/31/2021 | 12073568 | 7.48 | to | 3.51 | 41899264 | 0.08 | 1.05 | to | 2.95 | 19.41 | to | 17.21 |

---

**5.** **Financial Highlights (continued)**

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **At December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** | **For the Year Ended December 31** |
|  |  |  |  | **Unit Fair Value** |  |  |  | **Expense** | **Expense** | **Expense** | **Total Return\*\*\*** | **Total Return\*\*\*** | **Total Return\*\*\*** |
|  |  |  |  | **Corresponding to** |  |  | **Investment** | **Ratio\*\*** | **Ratio\*\*** | **Ratio\*\*** |  | **Corresponding to** |  |
|  |  |  |  | **Lowest to Highest** |  | **Net** | **Income** | **Lowest to** | **Lowest to** | **Lowest to** |  | **Lowest to Highest** |  |
| **Subaccount** | **Subaccount** | **Units** | | **Expense Ratio** | | **Assets** | **Ratio\*** | **Highest** | **Highest** | **Highest** |  | **Expense Ratio** |  |
| TA WMC US Growth Service Class | TA WMC US Growth Service Class | TA WMC US Growth Service Class |  |  |  |  |  |  |  |  |  |  |  |
|  | 12/31/2025 | 744198 | $8.40 | to | $34.25 | $5899725 | -% | 0.85% | to | 2.50% | 16.48% | to | 14.61% |
|  | 12/31/2024 | 891529 | 7.21 | to | 29.89 | 6119411 |  | 0.85 | to | 2.50 | 27.60 | to | 25.54 |
|  | 12/31/2023 | 1101171 | 5.65 | to | 23.81 | 5968391 |  | 0.85 | to | 2.50 | 40.53 | to | 38.28 |
|  | 12/31/2022 | 1084682 | 4.02 | to | 17.22 | 4228617 |  | 0.85 | to | 2.50 | (32.09) | to | (33.18) |
|  | 12/31/2021 | 1149548 | 5.92 | to | 25.77 | 6666775 |  | 0.85 | to | 2.50 | 19.36 | to | 17.44 |
| *<sup>(1)</sup>* | *See Footnote 1* | *See Footnote 1* |  |  |  |  |  |  |  |  |  |  |  |
| \* | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the Mutual Fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the Mutual Fund in which the subaccounts invest. |
| \*\* | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. | These amounts represent the annualized contract expenses of the subaccount, consisting primarily of mortality and expense charges, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the Mutual Fund have been excluded. |
| \*\*\* | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. | These amounts represent the total return for the periods indicated, including changes in the value of the Mutual Fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for each period indicated or from the effective date through the end of the reporting period. Total returns reflect a full twelve month period and total returns for subaccounts opened during the year have not been disclosed as they may not be indicative of a full year return. Expense ratios not in effect for the full twelve months are not reflected in the total return as they may not be indicative of a full year return. |

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|:---|
| **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** |
| **December 31, 2025** |
| **6. Administrative and Mortality and Expense Risk Charges** |
| TLIC deducts a daily administrative charge equal to an annual rate of .15% to .40% of the daily net assets value of each subaccount for administrative expenses. TLIC may also deduct an annual charge during the accumulation phase, not to exceed $30, proportionately from the subaccounts' unit values. An annual charge ranging from .70% to 3.70% is deducted (based on the death benefit selected) from the unit values of the subaccounts of the Separate Account for TLIC's assumption of certain mortality and expense risks incurred in connection with the contract. The charge is assessed daily based on the net asset value of the Mutual Fund. Charges for administrative and mortality and expense risk are an expense of the subaccount. Charges reflected above are those currently assessed and may be subject to change. Contract owners should see their actual policy and any related attachments to determine their specific charges. |
| **7. Income Tax** |
| Operations of the Separate Account form a part of TLIC, which is taxed as a life insurance company under Subchapter L of the Internal Revenue Code of 1986, as amended (the Code). The operations of the Separate Account are accounted for separately from other operations of TLIC for purposes of federal income taxation. The Separate Account is not separately taxable as a regulated investment company under Subchapter M of the Code and is not otherwise taxable as an entity separate from TLIC. Under existing federal income tax laws, the income of the Separate Account is not taxable to TLIC, as long as earnings are credited under the variable annuity contracts. |

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| |
|:---|
| **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** |
| **December 31, 2025** |
| **8. Subsequent Events** |
| The Separate Account has evaluated the financial statements for subsequent events through the date which the financial statements were issued. During this period, there were no subsequent events requiring recognition in the financial statements. |
| **9. Related Parties** |
| Transamerica Capital, Inc. (TCI), a wholesaling broker-dealer, is an affiliated entity of TLIC and an indirect wholly owned subsidiary of Aegon Ltd. TCI distributes TLIC's products through broker-dealers and other financial intermediaries. |
| The subaccounts invest in the mutual funds listed in Footnote 1. These investments include funds managed by Transamerica Asset Management, Inc. (TAM). Transamerica Fund Services, Inc. (TFS) serves as a transfer agent to TAM, and Aegon USA Asset Management Holding, LLC (AAM) serves as a sub-advisor for certain funds managed by TAM. TAM, TFS and AAM are affiliated entities of TLIC and indirect wholly owned subsidiaries of Aegon Ltd. Funds managed by TAM are identified by their fund name, which includes reference to Aegon, Transamerica or both. The Separate Account pays management fees to the related funds as detailed in the fund prospectus. |
| No charges other than those disclosed in Footnote 6 are deducted for the service rendered by related parties. |
| Contract owners may transfer funds between available subaccount options within the Separate Account. These transfers are performed at unit value at the time of the transfer. |

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| |
|:---|
| **Transamerica Life Insurance Company** |
| **Retirement Builder Variable Annuity Account** |
| **Notes to Financial Statements** |
| **December 31, 2025** |
| **10. Segment Reporting** |
| Each fund of the Separate Account constitutes a single operating segment and therefore, a single reportable segment because the Chief Operating Decision Maker (CODM) manages the activities of the Separate Account using information of each fund. The Separate Account is engaged in a single line of business as a registered unit investment trust. The Separate Account is a funding vehicle for individual variable annuity contracts with the assets owned by TLIC to support the liabilities of the applicable insurance contracts. The subaccounts have identified the President and Chief Operating Officer as the CODM as the Separate Account does not have employees and is not a separate legal entity. |
| The CODM uses increase (decrease) in net assets from operations as their performance measure in order to make operational decisions while monitoring the net assets of each of the funds within the Separate Account. The Accounting policies used to measure profit and loss of the segments are the same as those described in the Summary of Significant Accounting Policies (see note 2). The measure of segment assets is reported on the balance sheet as total consolidated assets. Refer to the Statements of Operations and Changes in Net Assets for each fund's operating segment and related footnotes for significant expenses principle and the existing segment requirements as of December 31, 2025 and for the year ended December 31, 2025 and December 31, 2024. |

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