# EDGAR Filing Document

**Accession Number:** 0000914245
**File Stem:** 0001104659-26-044672
**Filing Date:** 2026-4
**Character Count:** 769068
**Document Hash:** 17f9dcb8b9ae123c6ae2e68120fd921c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-044672.hdr.sgml**: 20260417

**ACCESSION NUMBER**: 0001104659-26-044672

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260417

**DATE AS OF CHANGE**: 20260417

**EFFECTIVENESS DATE**: 20260417

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT
- **CENTRAL INDEX KEY:** 0000914245

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08108
- **FILM NUMBER:** 26869857

**BUSINESS ADDRESS:**
- **STREET 1:** 2801 HIGHWAY 280 SOUTH
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35223
- **BUSINESS PHONE:** 2052683109

**MAIL ADDRESS:**
- **STREET 1:** 2801 HIGHWAY 280 SOUTH
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35223

## Series and Classes Contracts Data

### PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT (Series ID: S000010308)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000028509 | ElementsPlus                                           |  |
| C000028510 | ProtectiveValues                                       |  |
| C000028511 | ProtectiveValuesAdvantage                              |  |
| C000028512 | ProtectiveValuesAccess                                 |  |
| C000028513 | ElementsAccess                                         |  |
| C000028514 | ElementsClassic                                        |  |
| C000028515 | Protective Variable Annuity                            |  |
| C000028516 | Protective Variable Annuity II                         |  |
| C000028517 | MileageCredit                                          |  |
| C000028518 | Protective Advantage                                   |  |
| C000028519 | Protective Access                                      |  |
| C000028520 | ProtectiveRewards II                                   |  |
| C000054086 | ProtectiveAccess XL                                    |  |
| C000069912 | ProtectiveRewards Elite                                |  |
| C000106636 | Protective Dimensions before 12-3-2012                 |  |
| C000113263 | L Series before July 15, 2013                          |  |
| C000113264 | B Series before July 15, 2013                          |  |
| C000113265 | C Series before July 15, 2013                          |  |
| C000120959 | Protective Dimensions on or after 12-3-2012            |  |
| C000130867 | L Series on or after July 15, 2013                     |  |
| C000130868 | B Series on or after July 15, 2013                     |  |
| C000130869 | C Series on or after July 15, 2013                     |  |
| C000131791 | Protective Variable Annuity Investors Series           |  |
| C000154621 | Protective Variable Annuity II B Series                |  |
| C000154623 | Protective Dimensions II Variable Annuity              |  |
| C000174043 | Dimensions III                                         |  |
| C000215539 | Protective Dimensions IV Variable Annuity              |  |
| C000220300 | Protective Investors Benefit Advisory Variable Annuity |  |
| C000234254 | Protective Aspirations Variable Annuity                |  |
| C000239629 | Protective Dimensions V Variable Annuity               |  |

*Protective Variable Annuity Separate Account*

*Financial Statements* 

*Year Ended December 31, 2025*

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

**Report of Independent Registered Public Accounting Firm**

To the Board of Directors of Protective Life Insurance Company and Contract Owners of Protective Variable Annuity Separate Account:

*Opinion on the Financial Statements*

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

*Basis for Opinion*

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

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Such procedures also included confirmation of securities owned as of December 31, 2025, by correspondence with the underlying mutual funds or their transfer agents; when replies were not received, we performed other appropriate auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP <br>

We have served as the auditor of one or more Protective Life Insurance Company Separate Accounts since 2019.

Birmingham, Alabama<br> April 16, 2026

**Appendix**

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

AB VPS Discovery Value Portfolio, Class B

AB VPS Large Cap Growth Portfolio, Class B

AB VPS Relative Value Portfolio, Class B

AB VPS Small Cap Growth Portfolio, Class B

American Funds IS American High-Income Trust, Class 2

American Funds IS American High-Income Trust, Class 4

American Funds IS Asset Allocation Fund, Class 2

American Funds IS Asset Allocation Fund, Class 4

American Funds IS Capital Income Builder, Class 2

American Funds IS Capital Income Builder, Class 4

American Funds IS Capital World Bond Fund, Class 2

American Funds IS Capital World Bond Fund, Class 4

American Funds IS Capital World Growth and Income Fund, Class 2

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

American Funds IS Global Growth Fund, Class 2

American Funds IS Global Growth Fund, Class 4

American Funds IS Global Small Capitalization Fund, Class 2

American Funds IS Global Small Capitalization Fund, Class 4

American Funds IS Growth Fund, Class 2

American Funds IS Growth Fund, Class 4

American Funds IS Growth-Income Fund, Class 2

American Funds IS Growth-Income Fund, Class 4

American Funds IS International Fund, Class 2

American Funds IS International Fund, Class 4

American Funds IS International Growth and Income Fund, Class 2

American Funds IS International Growth and Income Fund, Class 4

American Funds IS New World Fund, Class 2

American Funds IS New World Fund, Class 4

American Funds IS The Bond Fund of America, Class 2

American Funds IS The Bond Fund of America, Class 4

American Funds IS U.S. Government Securities Fund, Class 2

American Funds IS U.S. Government Securities Fund, Class 4

American Funds IS Washington Mutual Investors Fund, Class 2

American Funds IS Washington Mutual Investors Fund, Class 4

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

BlackRock Advantage SMID Cap V.I. Fund, Class III

BlackRock Global Allocation V.I. Fund, Class III

BlackRock International V.I. Fund, Class I

Calvert VP SRI Balanced Portfolio, Class I

ClearBridge Variable Dividend Strategy Portfolio, Class II

ClearBridge Variable Large Cap Growth Portfolio, Class II

ClearBridge Variable Mid Cap Portfolio, Class II

ClearBridge Variable Small Cap Growth Portfolio, Class II

Columbia VP Balanced Fund, Class 2

Columbia VP Emerging Markets Bond Fund, Class 2

Columbia VP Intermediate Bond Fund, Class 2

Columbia VP Limited Duration Credit Fund, Class 2

Columbia VP Select Mid Cap Value Fund, Class 2

Columbia VP Seligman Global Technology Fund, Class 2

Columbia VP Strategic Income Fund, Class 2

Dimensional VA Equity Allocation Portfolio, Institutional

Dimensional VA Global Bond Portfolio, Institutional

Dimensional VA Global Moderate Allocation Portfolio, Institutional

Dimensional VA International Small Portfolio, Institutional

Dimensional VA International Value Portfolio, Institutional

Dimensional VA Short-Term Fixed Portfolio, Institutional

Dimensional VA US Large Value Portfolio, Institutional

Dimensional VA US Targeted Value Portfolio, Institutional

Fidelity VIP Asset Manager 50% Portfolio, Service Class 2

Fidelity VIP Asset Manager 70% Portfolio, Service Class 2

Fidelity VIP Balanced Portfolio, Service Class 2

Fidelity VIP Bond Index Portfolio, Service Class 2

Fidelity VIP Contrafund Portfolio, Service Class 2

Fidelity VIP Energy Portfolio, Service Class 2

Fidelity VIP Equity-Income Portfolio, Service Class 2

Fidelity VIP Extended Market Index Portfolio, Service Class 2

Fidelity VIP Freedom 2015 Portfolio, Service Class 2

Fidelity VIP Freedom 2020 Portfolio, Service Class 2

Fidelity VIP FundsManager 20% Portfolio, Service Class 2

Fidelity VIP FundsManager 60% Portfolio, Service Class 2

Fidelity VIP FundsManager 85% Portfolio, Service Class 2

Fidelity VIP Growth & Income Portfolio, Service Class 2

Fidelity VIP Growth Portfolio, Service Class 2

Fidelity VIP Health Care Portfolio, Service Class 2

Fidelity VIP High Income Portfolio, Service Class 2

Fidelity VIP Index 500 Portfolio, Service Class 2

Fidelity VIP International Capital Appreciation Portfolio, Service Class 2

Fidelity VIP International Index Portfolio, Service Class 2

Fidelity VIP Investment Grade Bond Portfolio, Service Class 2

Fidelity VIP Mid Cap Portfolio, Service Class 2

Fidelity VIP Strategic Income Portfolio, Service Class 2

Fidelity VIP Target Volatility Portfolio, Service Class 2

Fidelity VIP Technology Portfolio, Initial Class

Fidelity VIP Total Market Index Portfolio, Service Class 2

Fidelity VIP Utilities Portfolio, Initial Class

Fidelity VIP Value Strategies Portfolio, Service Class 2

Franklin DynaTech VIP Fund, Class 2

Franklin Income VIP Fund, Class 2

Franklin Mutual Global Discovery VIP Fund, Class 2

Franklin Mutual Shares VIP Fund, Class 2

Franklin Rising Dividends VIP Fund, Class 2

Franklin Small Cap Value VIP Fund, Class 2

Franklin Small-Mid Cap Growth VIP Fund, Class 2

Franklin Strategic Income VIP Fund, Class 2

Franklin U.S. Government Securities VIP Fund, Class 2

Goldman Sachs VIT Core Fixed Income Fund, Service Class

Goldman Sachs VIT International Equity Insights Fund, Institutional Class

Goldman Sachs VIT International Equity Insights Fund, Service Class

Goldman Sachs VIT Large Cap Value Fund, Institutional Class

Goldman Sachs VIT Large Cap Value Fund, Service Class

Goldman Sachs VIT Mid Cap Growth Fund, Service Class

Goldman Sachs VIT Mid Cap Value Fund, Institutional Class

Goldman Sachs VIT Mid Cap Value Fund, Service Class

Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class

Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class

Goldman Sachs VIT Strategic Growth Fund, Institutional Class

Goldman Sachs VIT Strategic Growth Fund, Service Class

Goldman Sachs VIT Trend Driven Allocation Fund, Service Class

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

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

Guggenheim Floating Rate Strategies Series

Guggenheim Global Managed Futures Strategy Fund

Guggenheim Multi-Hedge Strategies Fund

Invesco V.I. American Franchise Fund, Series I

Invesco V.I. American Franchise Fund, Series II

Invesco V.I. American Value Fund, Series II

Invesco V.I. Balanced-Risk Allocation Fund, Series II

Invesco V.I. Comstock Fund, Series I

Invesco V.I. Comstock Fund, Series II

Invesco V.I. Discovery Large Cap Fund, Series I

Invesco V.I. Discovery Large Cap Fund, Series II

Invesco V.I. Discovery Mid Cap Growth Fund, Series I

Invesco V.I. Discovery Mid Cap Growth Fund, Series II

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

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

Invesco V.I. Global Fund, Series I

Invesco V.I. Global Fund, Series II

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

Invesco V.I. Global Strategic Income Fund, Series I

Invesco V.I. Global Strategic Income Fund, Series II

Invesco V.I. Government Securities Fund, Series II

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

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

Invesco V.I. Main Street Fund, Series I

Invesco V.I. Main Street Fund, Series II

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

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

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

Invesco V.I. U.S. Government Money Portfolio, Series I

Janus Henderson VIT Balanced Portfolio, Service Shares

Janus Henderson VIT Forty Portfolio, Service Shares

Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares

Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares

Janus Henderson VIT Overseas Portfolio, Service Shares

Lord Abbett Series Fund Bond Debenture Portfolio, Class VC

Lord Abbett Series Fund Dividend Growth Portfolio, Class VC

Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC

Lord Abbett Series Fund Growth and Income Portfolio, Class VC

Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC

Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC

Lord Abbett Series Fund Short Duration Income Portfolio, Class VC

LVIP American Century Balanced Fund, Standard Class II

LVIP American Century International Fund, Standard Class II

LVIP American Century Ultra Fund, Standard Class II

MFS VIT Growth Series, Initial Class

MFS VIT Growth Series, Service Class

MFS VIT II Core Equity Portfolio, Service Class

MFS VIT II Emerging Markets Equity Portfolio, Service Class

MFS VIT II International Growth Portfolio, Service Class

MFS VIT II International Intrinsic Value Portfolio, Service Class

MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class

MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class

MFS VIT III Global Real Estate Portfolio, Service Class

MFS VIT III Mid Cap Value Portfolio, Service Class

MFS VIT Investors Trust Series, Initial Class

MFS VIT Investors Trust Series, Service Class

MFS VIT Mid Cap Growth Series, Service Class

MFS VIT New Discovery Series, Initial Class

MFS VIT New Discovery Series, Service Class

MFS VIT Research Series, Initial Class

MFS VIT Research Series, Service Class

MFS VIT Total Return Bond Series, Service Class

MFS VIT Total Return Series, Initial Class

MFS VIT Total Return Series, Service Class

MFS VIT Utilities Series, Initial Class

MFS VIT Utilities Series, Service Class

MFS VIT Value Series, Service Class

Morgan Stanley VIF Global Strategist Portfolio, Class II

PIMCO VIT All Asset Portfolio, Advisor Class

PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class

PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class

PIMCO VIT High Yield Portfolio, Advisor Class

PIMCO VIT Income Portfolio, Advisor Class

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

PIMCO VIT Low Duration Portfolio, Advisor Class

PIMCO VIT Real Return Portfolio, Advisor Class

PIMCO VIT Short-Term Portfolio, Advisor Class

PIMCO VIT Total Return Portfolio, Advisor Class

Protective Life Dynamic Allocation Series Conservative Portfolio

Protective Life Dynamic Allocation Series Growth Portfolio

Protective Life Dynamic Allocation Series Moderate Portfolio

Royce Capital Fund Micro-Cap Portfolio, Service Class

Royce Capital Fund Small-Cap Portfolio, Service Class

Rydex Commodities Strategy Fund

Rydex Inverse Government Long Bond Strategy Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price All-Cap Opportunities Portfolio

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Mid-Cap Growth Portfolio, Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Moderate Allocation Portfolio

Templeton Developing Markets VIP Fund, Class 2

Templeton Foreign VIP Fund, Class 2

Templeton Global Bond VIP Fund, Class 2

Templeton Growth VIP Fund, Class 2

VanEck VIP Global Resources Fund, Initial Class

Vanguard VIF Balanced Portfolio

Vanguard VIF Capital Growth Portfolio

Vanguard VIF Conservative Allocation Portfolio

Vanguard VIF Diversified Value Portfolio

Vanguard VIF Equity Income Portfolio

Vanguard VIF Equity Index Portfolio

Vanguard VIF Global Bond Index Portfolio

Vanguard VIF Growth Portfolio

Vanguard VIF High Yield Bond Portfolio

Vanguard VIF International Portfolio

Vanguard VIF Mid-Cap Index Portfolio

Vanguard VIF Moderate Allocation Portfolio

Vanguard VIF Money Market Portfolio

Vanguard VIF Real Estate Index Portfolio

Vanguard VIF Short-Term Investment-Grade Portfolio

Vanguard VIF Total Bond Market Index Portfolio

Vanguard VIF Total International Stock Market Index Portfolio

Vanguard VIF Total Stock Market Index Portfolio

Western Asset Core Plus VIT Portfolio, Class II

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

Invesco V.I. Conservative Balanced Fund, Series II

The statement of changes in net assets for the period from January 1, 2024 to August 15, 2024 (date of liquidation).

Guggenheim Long Short Equity Fund

The statement of changes in net assets for the period from January 1, 2024 to December 5, 2024 (date of liquidation).

Morgan Stanley VIF Global Real Estate Portfolio, Class II

The statement of operations for the year period from January 1, 2025 to January 15, 2025 (date of liquidation), the statements of changes in net assets for the period from January 1, 2025 to January 15, 2025 (date of liquidation), and the statement of changes in net assets for the period from October 4, 2024 (date trading commenced) to December 31, 2024.

Invesco V.I. Nasdaq 100 Buffer Fund, December Series II

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from January 3, 2024 (date trading commenced) to December 31, 2024.

MFS VIT II Research International Portfolio, Service Class

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from January 4, 2024 (date trading commenced) to December 31, 2024.

Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2

Fidelity VIP Emerging Markets Portfolio, Service Class 2

Morgan Stanley VIF Growth Portfolio, Class II

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from January 5, 2024 (date trading commenced) to December 31, 2024.

Janus Henderson VIT Enterprise Portfolio, Service Shares

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from January 16, 2024 (date trading commenced) to December 31, 2024.

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

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from March 27, 2024 (date trading commenced) to December 31, 2024.

LVIP American Century Disciplined Core Value Fund, Standard Class II

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from May 6, 2024 (date trading commenced) to December 31, 2024.

American Funds IS American Funds Global Balanced Fund, Class 4

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from June 21, 2024 (date trading commenced) to December 31, 2024.

Fidelity VIP Growth Opportunities Portfolio, Service Class 2

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from August 20, 2024 (date trading commenced) to December 31, 2024.

AB VPS Balanced Hedged Allocation Portfolio, Class B

Statement of assets and liabilities as of December 31, 2025 and the related statement of operations and changes in net assets for the period from May 16, 2025 (date trading commenced) to December 31, 2025.

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

Statement of assets and liabilities as of December 31, 2025 and the related statement of operations and changes in net assets for the period from May 22, 2025 (date trading commenced) to December 31, 2025.

First Trust Multi Income Allocation Portfolio, Class I

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | AB VPS Balanced Hedged Allocation Portfolio, <br> Class B | AB VPS Discovery Value Portfolio, <br> Class B | AB VPS Large Cap Growth Portfolio,<br> Class B | AB VPS Relative Value Portfolio, <br> Class B | AB VPS Small Cap Growth Portfolio,<br> Class B | American Funds IS American Funds Global Balanced Fund,<br> Class 4 | American Funds IS American High-Income Trust,<br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $845333 | $906783 | $115303262 | $2540898 | $1104248 | $10312690 | $899400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  | 81390 |  | 59 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 129 | 21 |  | 71 |  | 12567 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | 4 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 845462 | 906804 | 115384652 | 2540969 | 1104307 | 10325261 | 899419 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 129 | 21 |  | 71 |  | 12567 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  | 81390 |  | 59 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | 42 | 115 | 22 | 14 | - | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 129 | 63 | 81505 | 93 | 73 | 12567 | 25 |
| NET ASSETS | $845333 | $906741 | $115303147 | $2540876 | $1104234 | $10312694 | $899394 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $845333 | $906741 | $115303147 | $2540876 | $1104234 | $10312694 | $899394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $845333 | $906741 | $115303147 | $2540876 | $1104234 | $10312694 | $899394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $9.83 | $16.29 | $81.48 | $30.85 | $9.86 | $14.06 | $9.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 85995 | 55665 | 1415111 | 82363 | 111993 | 733477 | 99053 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $826435 | $960672 | $104399574 | $2464948 | $1001958 | $9631058 | $897923 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS American High-Income Trust,<br> Class 4 | American Funds IS Asset Allocation Fund,<br> Class 2 | American Funds IS Asset Allocation Fund,<br> Class 4 | American Funds IS Capital Income Builder, <br> Class 2 | American Funds IS Capital Income Builder, <br> Class 4 | American Funds IS Capital World Bond Fund, <br> Class 2 | American Funds IS Capital World Bond Fund, <br> Class 4 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $9242908 | $88423662 | $200888067 | $8581761 | $48786071 | $523302 | $5818263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts | 19818 |  | 82154 |  | 8333 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager |  | 67182 |  | 336 |  | 15 | 346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | 9 | - | 10 | - | 1 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 9262735 | 88490844 | 200970231 | 8582097 | 48794405 | 523317 | 5818609 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts |  | 67182 |  | 336 |  | 15 | 346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager | 19818 |  | 82154 |  | 8333 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | 679 | - | 2 | - | 4 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 19818 | 67861 | 82154 | 338 | 8333 | 19 | 358 |
| NET ASSETS | $9242917 | $88422983 | $200888077 | $8581759 | $48786072 | $523298 | $5818251 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $9242917 | $88321467 | $200888077 | $8581759 | $48786072 | $523298 | $5818251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | 101516 | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $9242917 | $88422983 | $200888077 | $8581759 | $48786072 | $523298 | $5818251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $10.27 | $27.05 | $26.77 | $14.48 | $14.46 | $10.11 | $9.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 899991 | 3268897 | 7504224 | 592663 | 3373864 | 51761 | 585928 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $9131299 | $64979210 | $183254786 | $6457997 | $40962500 | $538827 | $5647509 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Capital World Growth and Income Fund,<br> Class 2 | American Funds IS Capital World Growth and Income Fund,<br> Class 4 | American Funds IS Global Growth Fund,<br> Class 2 | American Funds IS Global Growth Fund,<br> Class 4 | American Funds IS Global Small Capitalization Fund,<br> Class 2 | American Funds IS Global Small Capitalization Fund,<br> Class 4 | American Funds IS Growth Fund, <br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $8154389 | $24182273 | $95956844 | $237577586 | $7743950 | $4781508 | $79408234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  | 49499 |  | 209002 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 389 |  | 5336 |  | 271 | 6426 | 2969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | 25 | - | - | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 8154778 | 24231772 | 95962180 | 237786613 | 7744221 | 4787934 | 79411216 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 389 |  | 5336 |  | 271 | 6426 | 2969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  | 49499 |  | 209002 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 45 | 49 | 48 | - | 14 | 43 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 434 | 49548 | 5384 | 209002 | 285 | 6469 | 2969 |
| NET ASSETS | $8154344 | $24182224 | $95956796 | $237577611 | $7743936 | $4781465 | $79408247 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $8154344 | $24182224 | $95956796 | $237577611 | $7743936 | $4781465 | $79408247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $8154344 | $24182224 | $95956796 | $237577611 | $7743936 | $4781465 | $79408247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $18.38 | $17.85 | $38.11 | $37.55 | $19.04 | $18.97 | $138.80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 443656 | 1354749 | 2517891 | 6326966 | 406720 | 252056 | 572105 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $6965224 | $20547180 | $78812922 | $219348809 | $9587036 | $4320882 | $57051887 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Growth Fund, <br> Class 4 | American Funds IS Growth-Income Fund,<br> Class 2 | American Funds IS Growth-Income Fund,<br> Class 4 | American Funds IS International Fund,<br> Class 2 | American Funds IS International Fund,<br> Class 4 | American Funds IS International Growth and Income Fund,<br> Class 2 | American Funds IS International Growth and Income Fund,<br> Class 4 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $278925795 | $24354670 | $155213884 | $10691227 | $45451426 | $1407883 | $3610878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts | 191910 |  | 105199 |  | 31109 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager |  | 1016 |  | 408 |  | 29 | 184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | 45 | 19 | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 279117750 | 24355705 | 155319083 | 10691635 | 45482535 | 1407912 | 3611062 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts |  | 1016 |  | 408 |  | 29 | 184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager | 191910 |  | 105199 |  | 31109 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | - | 16 | 103 | 14 | 18 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 191910 | 1016 | 105215 | 511 | 31123 | 47 | 200 |
| NET ASSETS | $278925840 | $24354689 | $155213868 | $10691124 | $45451412 | $1407865 | $3610862 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $278925840 | $24354689 | $155213868 | $10691124 | $45451412 | $1407865 | $3610862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $278925840 | $24354689 | $155213868 | $10691124 | $45451412 | $1407865 | $3610862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $134.39 | $66.28 | $64.77 | $22.22 | $21.83 | $13.10 | $12.87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 2075495 | 367451 | 2396385 | 481153 | 2082063 | 107472 | 280566 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $221818989 | $21033952 | $144212337 | $10118917 | $38538684 | $1133182 | $2897818 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS New World Fund,<br> Class 2 | American Funds IS New World Fund,<br> Class 4 | American Funds IS The Bond Fund of America, <br> Class 2 | American Funds IS The Bond Fund of America, <br> Class 4 | American Funds IS U.S. Government Securities Fund, <br> Class 2 | American Funds IS U.S. Government Securities Fund, <br> Class 4 | American Funds IS Washington Mutual Investors Fund,<br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $10644598 | $3504520 | $45476869 | $183335520 | $4166645 | $33817416 | $47572406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  | 378697 |  | 42488 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 336 | 242 | 2016 |  | 219 |  | 1509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 10644934 | 3504762 | 45478885 | 183714217 | 4166864 | 33859904 | 47573919 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 336 | 242 | 2016 |  | 219 |  | 1509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  | 378697 |  | 42488 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 4 | 7 | 51 | 2 | 29 | 84 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 340 | 249 | 2067 | 378699 | 248 | 42572 | 1509 |
| NET ASSETS | $10644594 | $3504513 | $45476818 | $183335518 | $4166616 | $33817332 | $47572410 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $10644594 | $3504513 | $45476818 | $183335518 | $4166616 | $33817332 | $47572410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $10644594 | $3504513 | $45476818 | $183335518 | $4166616 | $33817332 | $47572410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $32.03 | $31.71 | $9.37 | $9.31 | $9.76 | $9.74 | $17.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 332332 | 110518 | 4853455 | 19692322 | 426910 | 3472014 | 2674109 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $8944009 | $2922457 | $49476376 | $184971275 | $5010004 | $34458864 | $38048318 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Washington Mutual Investors Fund, <br> Class 4 | BlackRock 60/40 Target Allocation ETF V.I. Fund,<br> Class III | BlackRock Advantage SMID Cap V.I. Fund,<br> Class III | BlackRock Global Allocation V.I. Fund, <br> Class III | BlackRock International V.I. Fund, <br> Class I | Calvert VP SRI Balanced Portfolio, <br> Class I | ClearBridge Variable Dividend Strategy Portfolio,<br> Class II |
| ASSETS: |  |  |  |  |  |  |  |
| Investments at fair value <sup>(1)</sup> | $84337079 | $34171998 | $4711510 | $71320832 | $3122445 | $874116 | $408552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts | 42239 | 38712 | 12165 | 13150 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager |  |  |  |  | 336 | 34 | 82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | 7 | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 84379325 | 34210710 | 4723675 | 71333982 | 3122781 | 874150 | 408634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LIABILITIES: |  |  |  |  |  |  |  |
| Payable to the Contracts |  |  |  |  | 336 | 34 | 82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager | 42239 | 38712 | 12165 | 13150 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | 80 | 2 | 95 | 26 | 31 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 42239 | 38792 | 12167 | 13245 | 362 | 65 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NET ASSETS | $84337086 | $34171918 | $4711508 | $71320737 | $3122419 | $874085 | $408534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| Accumulation period | $84337086 | $34171918 | $4711508 | $71320737 | $3122419 | $874085 | $408534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $84337086 | $34171918 | $4711508 | $71320737 | $3122419 | $874085 | $408534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $17.55 | $14.71 | $10.33 | $13.34 | $11.46 | $2.85 | $20.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 4805532 | 2323045 | 456100 | 5346389 | 272465 | 306707 | 20007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $74150665 | $31685790 | $4848724 | $70966455 | $2697592 | $661263 | $447602 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | ClearBridge Variable Large Cap Growth Portfolio,<br> Class II | ClearBridge Variable Mid Cap Portfolio, <br> Class II | ClearBridge Variable Small Cap Growth Portfolio,<br> Class II | Columbia VP Balanced Fund,<br> Class 2 | Columbia VP Emerging Markets Bond Fund, <br> Class 2 | Columbia VP Intermediate Bond Fund, <br> Class 2 | Columbia VP Limited Duration Credit Fund, <br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $1100292 | $40530004 | $18356147 | $15644468 | $1601297 | $2927432 | $1949120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 38 | 14124 | 838 | 772 | 146 | 189 | 175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 1100330 | 40544128 | 18356985 | 15645240 | 1601443 | 2927621 | 1949295 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 38 | 14124 | 838 | 772 | 146 | 189 | 175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 59 | 360 | 239 | 71 | 3 | 24 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 97 | 14484 | 1077 | 843 | 149 | 213 | 177 |
| NET ASSETS | $1100233 | $40529644 | $18355908 | $15644397 | $1601294 | $2927408 | $1949118 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $1100233 | $40529644 | $18355908 | $15644397 | $1601294 | $2927408 | $1949118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $1100233 | $40529644 | $18355908 | $15644397 | $1601294 | $2927408 | $1949118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $47.01 | $23.51 | $25.71 | $54.18 | $8.49 | $8.56 | $9.46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 23405 | 1723947 | 713969 | 288750 | 188610 | 341990 | 206038 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $974011 | $33347666 | $17074560 | $12586479 | $1493254 | $2989166 | $1937684 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Columbia VP Select Mid Cap Value Fund, <br> Class 2 | Columbia VP Seligman Global Technology Fund,<br> Class 2 | Columbia VP Strategic Income Fund, <br> Class 2 | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $1727416 | $10505484 | $49391849 | $672044 | $3273721 | $2400651 | $1668429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  | 1756 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 59 | 603 |  | 784 | 585 | 1156 | 799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 1727475 | 10506087 | 49393605 | 672828 | 3274306 | 2401807 | 1669228 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 59 | 603 |  | 784 | 585 | 1156 | 799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  | 1756 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 31 | 15 | 27 | 3 | 2 | 3 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 90 | 618 | 1783 | 787 | 587 | 1159 | 809 |
| NET ASSETS | $1727385 | $10505469 | $49391822 | $672041 | $3273719 | $2400648 | $1668419 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $1727385 | $10505469 | $49391822 | $672041 | $3273719 | $2400648 | $1668419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $1727385 | $10505469 | $49391822 | $672041 | $3273719 | $2400648 | $1668419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $45.64 | $33.97 | $3.74 | $18.44 | $9.75 | $18.12 | $14.78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 37849 | 309258 | 13206377 | 36445 | 335766 | 132486 | 112884 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $1313281 | $8073323 | $48282845 | $563578 | $3352955 | $2200496 | $1416495 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Dimensional VA International Value Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Fidelity VIP Asset Manager 50% Portfolio, Service<br> Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service<br> Class 2 | Fidelity VIP Balanced Portfolio, Service<br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $2417168 | $2615418 | $6284807 | $3028171 | $3800237 | $43602995 | $128276997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  | 76359 | 38360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 785 | 1254 | 1343 | 827 | 216 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | 1 | - | - | 24 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 2417953 | 2616672 | 6286151 | 3028998 | 3800453 | 43679378 | 128315357 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 785 | 1254 | 1343 | 827 | 216 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  | 76359 | 38360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | - | - | 1 | 7 | - | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 785 | 1254 | 1343 | 828 | 223 | 76359 | 38429 |
| NET ASSETS | $2417168 | $2615418 | $6284808 | $3028170 | $3800230 | $43603019 | $128276928 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $2417168 | $2615418 | $6284808 | $3028170 | $3800230 | $43603019 | $128276928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $2417168 | $2615418 | $6284808 | $3028170 | $3800230 | $43603019 | $128276928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $18.53 | $10.07 | $34.91 | $22.28 | $16.97 | $25.23 | $25.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 130446 | 259724 | 180029 | 135914 | 223939 | 1728220 | 5040354 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $1766009 | $2632388 | $5892659 | $3054855 | $3569386 | $38203930 | $112152620 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Bond Index Portfolio, Service <br> Class 2 | Fidelity VIP Contrafund Portfolio, Service<br> Class 2 | Fidelity VIP Disciplined Small Cap Portfolio, Service <br> Class 2 | Fidelity VIP Emerging Markets Portfolio, Service<br> Class 2 | Fidelity VIP Energy Portfolio, Service <br> Class 2 | Fidelity VIP Equity-Income Portfolio, Service<br> Class 2 | Fidelity VIP Extended Market Index Portfolio, Service <br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $19934420 | $287833293 | $91950 | $47902 | $1512016 | $4770140 | $911557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  | 1493 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 2823 |  | 3 | 2 | 205 | 179 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | 21 | - | - | - | 3 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 19937264 | 287834786 | 91953 | 47904 | 1512224 | 4770319 | 911575 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 2823 |  | 3 | 2 | 205 | 179 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  | 1493 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | 2898 | 1 | - | - | 128 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 2823 | 4391 | 4 | 2 | 205 | 307 | 21 |
| NET ASSETS | $19934441 | $287830395 | $91949 | $47902 | $1512019 | $4770012 | $911554 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $19934441 | $287783804 | $91949 | $47902 | $1512019 | $4770012 | $911554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | 46591 | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $19934441 | $287830395 | $91949 | $47902 | $1512019 | $4770012 | $911554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $9.80 | $56.86 | $20.19 | $15.85 | $27.10 | $28.13 | $15.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 2034124 | 5062140 | 4554 | 3022 | 55794 | 169575 | 57475 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $19652069 | $209343326 | $82358 | $35002 | $1223605 | $3301697 | $764452 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Freedom 2015 Portfolio, Service<br> Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service<br> Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service <br> Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service <br> Class 2 | Fidelity VIP FundsManager 85% Portfolio, Service <br> Class 2 | Fidelity VIP Growth & Income Portfolio, Service<br> Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service<br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $1182346 | $2641565 | $2687870 | $4741894 | $958028 | $1151862 | $48273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  | 50 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 52 | 63 |  | 408 | 22 | 124 | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 1182398 | 2641628 | 2687920 | 4742302 | 958050 | 1151986 | 48346 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 52 | 63 |  | 408 | 22 | 124 | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  | 50 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 6 | 27 | 16 | 12 | 22 | 2 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 58 | 90 | 66 | 420 | 44 | 126 | 73 |
| NET ASSETS | $1182340 | $2641538 | $2687854 | $4741882 | $958006 | $1151860 | $48273 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $1182340 | $2641538 | $2687854 | $4741882 | $958006 | $1151860 | $48273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $1182340 | $2641538 | $2687854 | $4741882 | $958006 | $1151860 | $48273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $11.89 | $13.13 | $11.17 | $11.69 | $15.48 | $31.99 | $96.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 99440 | 201185 | 240633 | 405637 | 61888 | 36007 | 501 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $1136274 | $2510406 | $2641093 | $4206418 | $834928 | $1103538 | $38882 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Growth Portfolio, Service <br> Class 2 | Fidelity VIP Health Care Portfolio, Service<br> Class 2 | Fidelity VIP High Income Portfolio, Service <br> Class 2 | Fidelity VIP Index 500 Portfolio, Service <br> Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service<br> Class 2 | Fidelity VIP International Index Portfolio, Service <br> Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service <br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $6944603 | $3160205 | $681351 | $699604657 | $698178 | $5403180 | $287317565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 360 | 305 | 153 | 883661 | 86 | 338 | 2128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 6944963 | 3160510 | 681504 | 700488318 | 698264 | 5403518 | 287319693 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 360 | 305 | 153 | 883661 | 86 | 338 | 2128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 113 | 12 | 1 | 409 | 6 | 22 | 1983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 473 | 317 | 154 | 884070 | 92 | 360 | 4111 |
| NET ASSETS | $6944490 | $3160193 | $681350 | $699604248 | $698172 | $5403158 | $287315582 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $6944490 | $3160193 | $681350 | $699604248 | $698172 | $5403158 | $287315582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $6944490 | $3160193 | $681350 | $699604248 | $698172 | $5403158 | $287315582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $92.88 | $37.81 | $4.61 | $650.21 | $26.25 | $13.96 | $10.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 74770 | 83581 | 147798 | 1075967 | 26597 | 387047 | 26191209 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $6067793 | $2824269 | $682924 | $454128232 | $520476 | $4359654 | $317428514 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Mid Cap Portfolio, Service <br> Class 2 | Fidelity VIP Strategic Income Portfolio, Service<br> Class 2 | Fidelity VIP Target Volatility Portfolio, Service<br> Class 2 | Fidelity VIP Technology Portfolio, <br> Initial Class | Fidelity VIP Total Market Index Portfolio, Service<br> Class 2 | Fidelity VIP Utilities Portfolio,<br> Initial Class | Fidelity VIP Value Strategies Portfolio, Service<br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $195209231 | $898018 | $449142 | $48548261 | $7544005 | $430951 | $2130400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  | 38196 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 48140 | 30 | 126 |  | 221 | 16 | 146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 195257371 | 898048 | 449268 | 48586457 | 7544226 | 430967 | 2130546 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 48140 | 30 | 126 |  | 221 | 16 | 146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  | 38196 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 8926 | - | 7 | 18 | 60 | 5 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 57066 | 30 | 133 | 38214 | 281 | 21 | 165 |
| NET ASSETS | $195200305 | $898018 | $449135 | $48548243 | $7543945 | $430946 | $2130381 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $195101273 | $898018 | $449135 | $48548243 | $7543945 | $430946 | $2130381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 99032 | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $195200305 | $898018 | $449135 | $48548243 | $7543945 | $430946 | $2130381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $35.17 | $11.07 | $10.78 | $47.54 | $24.30 | $26.01 | $16.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 5550447 | 81122 | 41664 | 1021209 | 310453 | 16569 | 131750 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $179524611 | $877735 | $480154 | $38146252 | $5511159 | $358131 | $2113282 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | First Trust Multi Income Allocation Portfolio, <br> Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, <br> Class I | Franklin DynaTech VIP Fund, <br> Class 2 | Franklin Income VIP Fund, <br> Class 2 | Franklin Mutual Global Discovery VIP Fund, <br> Class 2 | Franklin Mutual Shares VIP Fund,<br> Class 2 | Franklin Rising Dividends VIP Fund, <br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $404204 | $4113812 | $58020779 | $207619551 | $3293917 | $390520765 | $384929694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  | 57747 |  |  | 60332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 9 | 436 | 2084 |  | 85 | 144150 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 404213 | 4114248 | 58022863 | 207677298 | 3294002 | 390664915 | 384990026 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 9 | 436 | 2084 |  | 85 | 144150 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  | 57747 |  |  | 60332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | - | 313 | 10389 | 60 | 21002 | 2694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 9 | 436 | 2397 | 68136 | 145 | 165152 | 63026 |
| NET ASSETS | $404204 | $4113812 | $58020466 | $207609162 | $3293857 | $390499763 | $384927000 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $404204 | $4113812 | $58020466 | $207568488 | $3293857 | $390319394 | $384914263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | 40674 | - | 180369 | 12737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $404204 | $4113812 | $58020466 | $207609162 | $3293857 | $390499763 | $384927000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $11.55 | $13.17 | $6.58 | $15.16 | $19.06 | $16.10 | $28.04 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 34996 | 312362 | 8817748 | 13695221 | 172818 | 24255948 | 13727878 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $397028 | $4138323 | $56385568 | $202776821 | $3158914 | $400525719 | $339494584 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Franklin Small Cap Value VIP Fund, <br> Class 2 | Franklin Small-Mid Cap Growth VIP Fund,<br> Class 2 | Franklin Strategic Income VIP Fund,<br> Class 2 | Franklin U.S. Government Securities VIP Fund, <br> Class 2 | Goldman Sachs VIT Core Fixed Income Fund,<br> Service Class | Goldman Sachs VIT International Equity Insights Fund, Institutional<br> Class | Goldman Sachs VIT International Equity Insights Fund, Service<br> Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $70884748 | $30501089 | $5685239 | $269757586 | $27260608 | $18449664 | $30827915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts | 37360 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager |  | 47001 | 157 | 82740 | 1736 | 1662 | 3174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | 1787 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 70922108 | 30548090 | 5685396 | 269840326 | 27262344 | 18453113 | 30831089 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts |  | 47001 | 157 | 82740 | 1736 | 1662 | 3174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager | 37360 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 314 | 332 | 50 | 12186 | 42 | - | 3844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 37674 | 47333 | 207 | 94926 | 1778 | 1662 | 7018 |
| NET ASSETS | $70884434 | $30500757 | $5685189 | $269745400 | $27260566 | $18451451 | $30824071 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $70884434 | $30500757 | $5685189 | $269655520 | $27260566 | $18432306 | $30783399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | 89880 | - | 19145 | 40672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $70884434 | $30500757 | $5685189 | $269745400 | $27260566 | $18451451 | $30824071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $13.87 | $14.31 | $9.13 | $10.50 | $9.73 | $10.39 | $10.46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 5110652 | 2131453 | 622699 | 25691199 | 2801707 | 1775714 | 2947219 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $71877808 | $36714995 | $6441985 | $335188882 | $29425951 | $21368705 | $26001127 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Goldman Sachs VIT Large Cap Value Fund,<br> Institutional Class | Goldman Sachs VIT Large Cap Value Fund,<br> Service Class | Goldman Sachs VIT Mid Cap Growth Fund,<br> Service Class | Goldman Sachs VIT Mid Cap Value Fund,<br> Institutional Class | Goldman Sachs VIT Mid Cap Value Fund,<br> Service Class | Goldman Sachs VIT Small Cap Equity Insights Fund, <br> Institutional Class | Goldman Sachs VIT Small Cap Equity Insights Fund, <br> Service Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $29594564 | $70681432 | $42768246 | $5416667 | $87898678 | $17892396 | $9478324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 13048 | 10028 | 7525 | 140 | 21941 | 4036 | 753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | 6514 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 29607612 | 70691460 | 42775771 | 5416807 | 87920619 | 17902946 | 9479077 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 13048 | 10028 | 7525 | 140 | 21941 | 4036 | 753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 55396 | 58 | 1359 | 28135 | 2810 | - | 86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 68444 | 10086 | 8884 | 28275 | 24751 | 4036 | 839 |
| NET ASSETS | $29539168 | $70681374 | $42766887 | $5388532 | $87895868 | $17898910 | $9478238 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $29438839 | $70676199 | $42765800 | $5380966 | $87853933 | $17892253 | $9478238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 100329 | 5175 | 1087 | 7566 | 41935 | 6657 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $29539168 | $70681374 | $42766887 | $5388532 | $87895868 | $17898910 | $9478238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $8.18 | $8.19 | $9.79 | $16.29 | $16.54 | $14.28 | $14.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 3617917 | 8630211 | 4368564 | 332515 | 5314309 | 1252969 | 674614 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $34503917 | $80135439 | $70809200 | $5038099 | $83118948 | $15967510 | $5857370 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Goldman Sachs VIT Strategic Growth Fund,<br> Institutional Class | Goldman Sachs VIT Strategic Growth Fund,<br> Service Class | Goldman Sachs VIT Trend Driven Allocation Fund,<br> Service Class | Goldman Sachs VIT U.S. Equity Insights Fund,<br> Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund,<br> Service Class | Guggenheim Floating Rate Strategies Series | Guggenheim Global Managed Futures Strategy Fund |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $33127715 | $187015688 | $6284215 | $25886746 | $634966 | $2191019 | $126283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  | 4181 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 4160 |  | 519 | 954 | 64 | 60 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 33131875 | 187019869 | 6284734 | 25887700 | 635030 | 2191079 | 126294 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 4160 |  | 519 | 954 | 64 | 60 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  | 4181 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 21034 | 49 | 92 | 29570 | 25 | 6 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 25194 | 4230 | 611 | 30524 | 89 | 66 | 7 |
| NET ASSETS | $33106681 | $187015639 | $6284123 | $25857176 | $634941 | $2191013 | $126287 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $32874970 | $187015639 | $6284123 | $25780498 | $634941 | $2191013 | $126287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 231711 | - | - | 76678 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $33106681 | $187015639 | $6284123 | $25857176 | $634941 | $2191013 | $126287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $15.49 | $15.18 | $11.46 | $21.79 | $22.04 | $23.51 | $16.82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 2138652 | 12319874 | 548361 | 1188010 | 28810 | 93195 | 7508 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $22233094 | $168239953 | $6277861 | $12297230 | $308533 | $2423306 | $142192 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Guggenheim Multi-Hedge Strategies Fund | Invesco V.I. American Franchise Fund,<br> Series I | Invesco V.I. American Franchise Fund,<br> Series II | Invesco V.I. American Value Fund, <br> Series II | Invesco V.I. Balanced-Risk Allocation Fund,<br> Series II | Invesco V.I. Comstock Fund,<br> Series I | Invesco V.I. Comstock Fund,<br> Series II |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $189791 | $6710642 | $2822093 | $66564180 | $42127501 | $21225169 | $137842887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 5 | 213 | 145 | 4264 | 79442 | 724 | 14085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | 10156 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 189796 | 6710855 | 2822238 | 66568444 | 42206943 | 21236049 | 137856972 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 5 | 213 | 145 | 4264 | 79442 | 724 | 14085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 10 | 102 | 114 | 2628 | 258 | - | 10530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 15 | 315 | 259 | 6892 | 79700 | 724 | 24615 |
| NET ASSETS | $189781 | $6710540 | $2821979 | $66561552 | $42127243 | $21235325 | $137832357 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $189781 | $6710540 | $2821979 | $66538428 | $42127243 | $21225011 | $137764483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | 23124 | - | 10314 | 67874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $189781 | $6710540 | $2821979 | $66561552 | $42127243 | $21235325 | $137832357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $23.48 | $81.00 | $71.95 | $17.76 | $8.40 | $21.42 | $21.29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 8083 | 82847 | 39223 | 3747983 | 5015179 | 990904 | 6474537 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $185663 | $4291919 | $1284346 | $59971351 | $60196754 | $11937632 | $93598968 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Discovery Large Cap Fund, <br> Series I | Invesco V.I. Discovery Large Cap Fund, <br> Series II | Invesco V.I. Discovery Mid Cap Growth Fund,<br> Series I | Invesco V.I. Discovery Mid Cap Growth Fund,<br> Series II | Invesco V.I. Equity and Income Fund, <br> Series II | Invesco V.I. EQV International Equity Fund, <br> Series II | Invesco V.I. Global Fund, <br> Series I |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $8598186 | $47429627 | $3103399 | $26827656 | $283299047 | $41965707 | $6794069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 329 | 5129 | 117 | 1486 | 38177 | 2152 | 3782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | 13042 | - | 15188 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 8598515 | 47447798 | 3103516 | 26844330 | 283337224 | 41967859 | 6797851 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 329 | 5129 | 117 | 1486 | 38177 | 2152 | 3782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 84 | - | 14987 | - | 323 | 3793 | 37041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 413 | 5129 | 15104 | 1486 | 38500 | 5945 | 40823 |
| NET ASSETS | $8598102 | $47442669 | $3088412 | $26842844 | $283298724 | $41961914 | $6757028 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $8598102 | $47418924 | $3088412 | $26781812 | $282930332 | $41912004 | $6484222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | 23745 | - | 61032 | 368392 | 49910 | 272806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $8598102 | $47442669 | $3088412 | $26842844 | $283298724 | $41961914 | $6757028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $63.25 | $59.25 | $75.21 | $63.41 | $18.12 | $35.39 | $37.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 135940 | 800500 | 41263 | 423082 | 15634605 | 1185807 | 179027 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $5721255 | $40526579 | $2409640 | $28515036 | $251611192 | $38750737 | $5250630 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Global Fund, <br> Series II | Invesco V.I. Global Real Estate Fund, <br> Series II | Invesco V.I. Global Strategic Income Fund,<br> Series I | Invesco V.I. Global Strategic Income Fund,<br> Series II | Invesco V.I. Government Sec<br> urities Fund, Series II | Invesco V.I. Growth and Income Fund,<br> Series I | Invesco V.I. Growth and Income Fund,<br> Series II |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $204742830 | $7573652 | $4255842 | $184303588 | $108055380 | $24502507 | $390286113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 52783 | 434 | 175 | 42174 | 15762 | 11657 | 132597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | 8953 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 204795613 | 7574086 | 4256017 | 184354715 | 108071142 | 24514164 | 390418710 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 52783 | 434 | 175 | 42174 | 15762 | 11657 | 132597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 21419 | 128 | 638 | - | 1161 | 23756 | 20001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 74202 | 562 | 813 | 42174 | 16923 | 35413 | 152598 |
| NET ASSETS | $204721411 | $7573524 | $4255204 | $184312541 | $108054219 | $24478751 | $390266112 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $204637323 | $7573524 | $4255204 | $184276160 | $108026460 | $24449341 | $389890550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 84088 | - | - | 36381 | 27759 | 29410 | 375562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $204721411 | $7573524 | $4255204 | $184312541 | $108054219 | $24478751 | $390266112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $36.30 | $13.80 | $4.57 | $4.72 | $10.54 | $21.33 | $21.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 5640298 | 548815 | 931256 | 39047370 | 10251934 | 1148735 | 18288946 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $181665123 | $7741065 | $4579597 | $214401697 | $118963169 | $19423763 | $350827680 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Main Street Fund, <br> Series I | Invesco V.I. Main Street Fund, <br> Series II | Invesco V.I. Main Street Mid Cap Fund, <br> Series II | Invesco V.I. Main Street Small Cap Fund, <br> Series II | Invesco V.I. Small Cap Equity Fund,<br> Series II | Invesco V.I. U.S. Government Money Portfolio,<br> Series I | Janus Henderson VIT Balanced Portfolio, Service Shares |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $6198486 | $91291012 | $3544934 | $35889899 | $16664543 | $206801576 | $38405375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  | 44689 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 220 | 5593 | 168 |  | 627 | 26237 | 39254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | 790 | 15801 | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 6198706 | 91296605 | 3545102 | 35934588 | 16665960 | 206843614 | 38444652 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 220 | 5593 | 168 |  | 627 | 26237 | 39254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  | 44689 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 8574 | 355 | 2 | 29 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 8794 | 5948 | 170 | 44718 | 627 | 26237 | 39254 |
| NET ASSETS | $6189912 | $91290657 | $3544932 | $35889870 | $16665333 | $206817377 | $38405398 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $6185272 | $91284537 | $3544932 | $35889870 | $16632070 | $206400713 | $38405398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 4640 | 6120 | - | - | 33263 | 416664 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $6189912 | $91290657 | $3544932 | $35889870 | $16665333 | $206817377 | $38405398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $22.15 | $21.45 | $10.50 | $27.71 | $17.83 | $1.00 | $59.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 279841 | 4255991 | 337613 | 1295197 | 934635 | 206801576 | 645686 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $5758501 | $106898016 | $3560846 | $35448488 | $16507629 | $206801576 | $34465976 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Janus Henderson VIT Enterprise Portfolio, <br> Service Shares | Janus Henderson VIT Forty Portfolio, <br> Service Shares | Janus Henderson VIT Global Sustainable Equity Portfolio, <br> Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, <br> Service Shares | Janus Henderson VIT Overseas Portfolio, <br> Service Shares | Lord Abbett Series Fund Bond Debenture Portfolio, <br> Class VC | Lord Abbett Series Fund Dividend Growth Portfolio,<br> Class VC |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $1226665 | $11272896 | $31234 | $10827738 | $5650619 | $505211331 | $99771274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  | 5145 |  | 5161 | 5653 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 179 |  | 1 |  |  | 53228 | 5396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | 10988 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 1226844 | 11278041 | 31235 | 10832899 | 5656272 | 505275547 | 99776670 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 179 |  | 1 |  |  | 53228 | 5396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  | 5145 |  | 5161 | 5653 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | - | - | 3 | 2 | - | 19823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 179 | 5145 | 1 | 5164 | 5655 | 53228 | 25219 |
| NET ASSETS | $1226665 | $11272896 | $31234 | $10827735 | $5650617 | $505222319 | $99751451 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $1226665 | $11272896 | $31234 | $10827735 | $5650617 | $505116195 | $99743267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | 106124 | 8184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $1226665 | $11272896 | $31234 | $10827735 | $5650617 | $505222319 | $99751451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $73.35 | $51.87 | $12.89 | $23.94 | $53.02 | $10.61 | $19.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 16723 | 217330 | 2423 | 452286 | 106575 | 47616525 | 5028794 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $1212372 | $10212181 | $28669 | $8942617 | $4758482 | $560746244 | $79200962 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Lord Abbett Series Fund Fundamental Equity Portfolio,<br> Class VC | Lord Abbett Series Fund Growth and Income Portfolio,<br> Class VC | Lord Abbett Series Fund Growth Opportunities Portfolio, <br> Class VC | Lord Abbett Series Fund Mid Cap Stock Portfolio,<br> Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, <br> Class VC | LVIP American Century Balanced Fund, Standard<br> Class II | LVIP American Century Disciplined Core Value Fund, Standard <br> Class II |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $121092273 | $54389557 | $51049234 | $40777167 | $15251568 | $761957 | $14906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 51449 | 2188 | 7429 | 5223 | 974 | 15 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | 5196 | - | 9334 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 121143722 | 54396941 | 51056663 | 40791724 | 15252542 | 761972 | 14906 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 51449 | 2188 | 7429 | 5223 | 974 | 15 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 4096 | - | 1731 | - | 13 | 2 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 55545 | 2188 | 9160 | 5223 | 987 | 17 | - |
| NET ASSETS | $121088177 | $54394753 | $51047503 | $40786501 | $15251555 | $761955 | $14906 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $121045136 | $54346853 | $51035734 | $40737782 | $15251555 | $761955 | $14906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 43041 | 47900 | 11769 | 48719 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $121088177 | $54394753 | $51047503 | $40786501 | $15251555 | $761955 | $14906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $18.98 | $41.96 | $11.11 | $26.05 | $13.26 | $9.05 | $9.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 6379993 | 1296224 | 4594891 | 1565342 | 1150194 | 84241 | 1540 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $113286147 | $30854585 | $56237068 | $30506655 | $15407070 | $663781 | $12912 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | LVIP American Century International Fund, Standard<br> Class II | LVIP American Century Ultra Fund, Standard<br> Class II | MFS VIT Growth Series, <br> Initial Class | MFS VIT Growth Series, Service Class | MFS VIT II Core Equity Portfolio, <br> Service Class | MFS VIT II Emerging Markets Equity Portfolio,<br> Service Class | MFS VIT II International Growth Portfolio,<br> Service Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $312408 | $140988 | $6429418 | $54942770 | $6053600 | $192049 | $5842635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  | 39681 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 115 | 5 | 235 | 3478 |  | 10 | 198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | 62 | - | 19 | 7 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 312523 | 140993 | 6429715 | 54946248 | 6093300 | 192066 | 5842833 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 115 | 5 | 235 | 3478 |  | 10 | 198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  | 39681 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 1 | 5 | - | 2284 | - | - | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 116 | 10 | 235 | 5762 | 39681 | 10 | 204 |
| NET ASSETS | $312407 | $140983 | $6429480 | $54940486 | $6053619 | $192056 | $5842629 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $312407 | $140983 | $6413954 | $54916915 | $6053619 | $192056 | $5842629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | 15526 | 23571 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $312407 | $140983 | $6429480 | $54940486 | $6053619 | $192056 | $5842629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $12.25 | $31.50 | $67.85 | $60.68 | $31.13 | $17.32 | $17.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 25513 | 4476 | 94759 | 905451 | 194462 | 11089 | 331968 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $264821 | $110079 | $2797112 | $36793683 | $5872281 | $158452 | $5340761 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT II International Intrinsic Value Portfolio, <br> Service Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio,<br> Initial Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio,<br> Service Class | MFS VIT II Research International Portfolio, <br> Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, <br> Service Class | MFS VIT III Global Real Estate Portfolio, <br> Service Class | MFS VIT III Mid Cap Value Portfolio, <br> Service Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $19035488 | $1585841 | $29433495 | $1281934 | $206404 | $361223 | $2071793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  | 17155 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 1426 | 61 |  | 23 | 8 | 110 | 99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 19036914 | 1585902 | 29450650 | 1281957 | 206412 | 361333 | 2071893 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 1426 | 61 |  | 23 | 8 | 110 | 99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  | 17155 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 9891 | 75 | 1459 | - | - | 2 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 11317 | 136 | 18614 | 23 | 8 | 112 | 99 |
| NET ASSETS | $19025597 | $1585766 | $29432036 | $1281934 | $206404 | $361221 | $2071794 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $18960725 | $1585766 | $29412219 | $1281934 | $206404 | $361221 | $2071794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 64872 | - | 19817 | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $19025597 | $1585766 | $29432036 | $1281934 | $206404 | $361221 | $2071794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $36.15 | $22.55 | $21.87 | $20.27 | $9.19 | $15.56 | $9.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 526570 | 70326 | 1345839 | 63243 | 22460 | 23215 | 208640 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $10411590 | $1313350 | $24927970 | $1161130 | $211814 | $349584 | $2144060 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT Investors Trust Series, <br> Initial Class | MFS VIT Investors Trust Series, <br> Service Class | MFS VIT Mid Cap Growth Series,<br> Service Class | MFS VIT New Discovery Series,<br> Initial Class | MFS VIT New Discovery Series,<br> Service Class | MFS VIT Research Series, <br> Initial Class | MFS VIT Research Series, <br> Service Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $4846148 | $35505510 | $2108611 | $2018594 | $40565543 | $5388802 | $3032445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 186 | 26120 | 140 | 80 | 2520 | 200 | 115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | 1 | 172 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 4846334 | 35531630 | 2108752 | 2018846 | 40568063 | 5389002 | 3032560 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 186 | 26120 | 140 | 80 | 2520 | 200 | 115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 8286 | 2274 | - | - | 825 | 7797 | 92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 8472 | 28394 | 140 | 80 | 3345 | 7997 | 207 |
| NET ASSETS | $4837862 | $35503236 | $2108612 | $2018766 | $40564718 | $5381005 | $3032353 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $4833412 | $35479507 | $2108612 | $1997995 | $40556374 | $5381005 | $3032353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 4450 | 23729 | - | 20771 | 8344 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $4837862 | $35503236 | $2108612 | $2018766 | $40564718 | $5381005 | $3032353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $26.16 | $25.57 | $6.57 | $15.60 | $12.10 | $30.49 | $29.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 185250 | 1388561 | 320945 | 129397 | 3352524 | 176740 | 101624 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $3893294 | $29397702 | $2402106 | $1916459 | $51414605 | $3671381 | $2035769 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT Total Return Bond Series, Service Class | MFS VIT Total Return Series, Initial Class | MFS VIT Total Return Series, Service Class | MFS VIT Utilities Series, Initial Class | MFS VIT Utilities Series, Service Class | MFS VIT Value Series, Service Class | Morgan Stanley VIF Global Strategist Portfolio, Class II |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $250105033 | $12243736 | $37897992 | $1553256 | $15833435 | $125963907 | $596714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 32546 | 461 | 15830 | 55 | 1937 | 17309 | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 250137579 | 12244197 | 37913822 | 1553311 | 15835372 | 125981216 | 596735 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 32546 | 461 | 15830 | 55 | 1937 | 17309 | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 11329 | 2840 | 11806 | 85 | 1765 | 6171 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 43875 | 3301 | 27636 | 140 | 3702 | 23480 | 25 |
| NET ASSETS | $250093704 | $12240896 | $37886186 | $1553171 | $15831670 | $125957736 | $596710 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $249987800 | $12091898 | $37880600 | $1553171 | $15831670 | $125907903 | $596710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | 105904 | 148998 | 5586 | - | - | 49833 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $250093704 | $12240896 | $37886186 | $1553171 | $15831670 | $125957736 | $596710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $11.54 | $23.33 | $22.64 | $37.73 | $36.82 | $21.57 | $10.33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 21672880 | 524806 | 1673940 | 41168 | 430023 | 5839773 | 57765 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $277008297 | $9603272 | $31849598 | $937300 | $9964763 | $74146896 | $502984 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Morgan Stanley VIF Growth Portfolio, <br> Class II | PIMCO VIT All Asset Portfolio,<br> Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio,<br> Advisor Class | PIMCO VIT Global Diversified Allocation Portfolio, <br> Advisor Class | PIMCO VIT High Yield Portfolio,<br> Advisor Class | PIMCO VIT Income Portfolio,<br> Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, <br> Advisor Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $305321 | $4028041 | $4994 | $5357156 | $1075633 | $5827656 | $15554218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 10 | 195 | 6 | 256 | 85 | 622 | 933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 305331 | 4028236 | 5000 | 5357412 | 1075718 | 5828278 | 15555151 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 10 | 195 | 6 | 256 | 85 | 622 | 933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | 24 | 1 | 72 | 9 | 37 | 173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 10 | 219 | 7 | 328 | 94 | 659 | 1106 |
| NET ASSETS | $305321 | $4028017 | $4993 | $5357084 | $1075624 | $5827619 | $15554045 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $305321 | $4028017 | $4993 | $5357084 | $1075624 | $5827619 | $15554045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $305321 | $4028017 | $4993 | $5357084 | $1075624 | $5827619 | $15554045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $20.05 | $9.76 | $6.42 | $6.92 | $7.41 | $10.35 | $7.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 15228 | 412709 | 778 | 774155 | 145160 | 563059 | 2079441 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $253081 | $3950076 | $5576 | $7024310 | $1046034 | $5691545 | $25994663 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | Protective Life Dynamic Allocation Series Conservative Portfolio | Protective Life Dynamic Allocation Series Growth Portfolio | Protective Life Dynamic Allocation Series Moderate Portfolio |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $111357716 | $189600915 | $92841640 | $550350740 | $37746612 | $32847029 | $719120536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  | 64569 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 22436 | 53800 | 16556 |  | 4021 | 1451 | 52505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 111380152 | 189654715 | 92858196 | 550415309 | 37750633 | 32848480 | 719173041 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 22436 | 53800 | 16556 |  | 4021 | 1451 | 52505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  | 64569 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 122 | 2578 | 72 | 5600 | 79 | 66 | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 22558 | 56378 | 16628 | 70169 | 4100 | 1517 | 52560 |
| NET ASSETS | $111357594 | $189598337 | $92841568 | $550345140 | $37746533 | $32846963 | $719120481 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $111357594 | $189553589 | $92841568 | $550292709 | $37746533 | $32846963 | $719120481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | 44748 | - | 52431 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $111357594 | $189598337 | $92841568 | $550345140 | $37746533 | $32846963 | $719120481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $9.78 | $12.01 | $10.33 | $9.45 | $11.82 | $13.90 | $13.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 11386270 | 15786920 | 8987574 | 58238174 | 3193453 | 2363096 | 52147972 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $117552814 | $216300357 | $92050138 | $643310361 | $35219325 | $25712289 | $639792880 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Royce Capital Fund Micro-Cap Portfolio, Service Class | Royce Capital Fund Small-Cap Portfolio, Service Class | Rydex Commodities Strategy Fund | Rydex Inverse Government Long Bond Strategy Fund | T. Rowe Price All-Cap Opportunities Portfolio | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $12317897 | $113915207 | $10708 | $9992 | $4287697 | $117230476 | $38921598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  | 167107 | 2883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 594 | 39803 |  |  | 110 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 12318491 | 113955010 | 10708 | 9992 | 4287807 | 117397583 | 38924481 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 594 | 39803 |  |  | 110 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  | 167107 | 2883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 249 | 2864 | 1 | 10 | 27 | 71 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 843 | 42667 | 1 | 10 | 137 | 167178 | 2895 |
| NET ASSETS | $12317648 | $113912343 | $10707 | $9982 | $4287670 | $117230405 | $38921586 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $12317648 | $113881581 | $10707 | $9982 | $4287670 | $117230405 | $38921586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | 30762 | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $12317648 | $113912343 | $10707 | $9982 | $4287670 | $117230405 | $38921586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $9.15 | $9.20 | $89.50 | $109.31 | $39.66 | $60.72 | $54.03 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 1346218 | 12382088 | 120 | 91 | 108111 | 1930673 | 720370 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $13543445 | $118669405 | $17145 | $11671 | $4162888 | $98698841 | $37013383 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | T. Rowe Price Mid-Cap Growth Portfolio, <br> Class II | T. Rowe Price Moderate Allocation Portfolio | Templeton Developing Markets VIP Fund,<br> Class 2 | Templeton Foreign VIP Fund,<br> Class 2 | Templeton Global Bond VIP Fund,<br> Class 2 | Templeton Growth VIP Fund,<br> Class 2 | VanEck VIP Global Resources Fund, <br> Initial Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $8119239 | $34065492 | $9327508 | $61656640 | $147249038 | $72756520 | $6441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  | 88480 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 486 |  | 634 | 9036 | 43162 | 42571 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | 21 | - | - | - | - | - | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 8119746 | 34153972 | 9328142 | 61665676 | 147292200 | 72799091 | 6442 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 486 |  | 634 | 9036 | 43162 | 42571 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  | 88480 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | 9 | 57 | 385 | 1508 | 10734 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 486 | 88489 | 691 | 9421 | 44670 | 53305 | - |
| NET ASSETS | $8119260 | $34065483 | $9327451 | $61656255 | $147247530 | $72745786 | $6442 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $8119260 | $34065483 | $9327451 | $61656255 | $147235595 | $72685573 | $6442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | 11935 | 60213 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $8119260 | $34065483 | $9327451 | $61656255 | $147247530 | $72745786 | $6442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $23.69 | $22.43 | $12.08 | $16.22 | $13.17 | $14.15 | $33.51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 342729 | 1518747 | 772145 | 3801273 | 11180641 | 5141803 | 192 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $9243888 | $31572905 | $6867333 | $58167034 | $205751148 | $58287458 | $2136 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Vanguard VIF Balanced Portfolio | Vanguard VIF Capital Growth Portfolio | Vanguard VIF Conservative Allocation Portfolio | Vanguard VIF Diversified Value Portfolio | Vanguard VIF Equity Income Portfolio | Vanguard VIF Equity Index Portfolio | Vanguard VIF Global Bond Index Portfolio |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $1420275 | $535960 | $1849508 | $490576 | $2643579 | $5079092 | $751820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 1162 | 481 | 721 | 762 | 595 | 1338 | 134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 1421437 | 536441 | 1850229 | 491338 | 2644174 | 5080430 | 751954 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 1162 | 481 | 721 | 762 | 595 | 1338 | 134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 8 | 3 | 6 | 3 | 5 | 20 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 1170 | 484 | 727 | 765 | 600 | 1358 | 135 |
| NET ASSETS | $1420267 | $535957 | $1849502 | $490573 | $2643574 | $5079072 | $751819 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $1420267 | $535957 | $1849502 | $490573 | $2643574 | $5079072 | $751819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $1420267 | $535957 | $1849502 | $490573 | $2643574 | $5079072 | $751819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $25.41 | $61.82 | $26.46 | $17.47 | $26.22 | $81.96 | $18.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 55894 | 8670 | 69898 | 28081 | 100823 | 61970 | 39927 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $1426774 | $430468 | $1727231 | $404495 | $2501213 | $3992340 | $753200 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Vanguard VIF Growth Portfolio | Vanguard VIF High Yield Bond Portfolio | Vanguard VIF International Portfolio | Vanguard VIF Mid-Cap Index Portfolio | Vanguard VIF Moderate Allocation Portfolio | Vanguard VIF Money Market Portfolio | Vanguard VIF Real Estate Index Portfolio |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $4746997 | $245225 | $1374931 | $3701335 | $1336573 | $1890611 | $1142321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 1372 | 283 | 423 | 799 | 1062 | 542 | 285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  | 191 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | 13 | - | - | - | - | 9 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 4748382 | 245508 | 1375354 | 3702134 | 1337635 | 1891353 | 1142606 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 1372 | 283 | 423 | 799 | 1062 | 542 | 285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | - | 8 | 11 | 3 | - | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 1372 | 283 | 431 | 810 | 1065 | 542 | 291 |
| NET ASSETS | $4747010 | $245225 | $1374923 | $3701324 | $1336570 | $1890811 | $1142315 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $4747010 | $245225 | $1374923 | $3701324 | $1336570 | $1890811 | $1142315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $4747010 | $245225 | $1374923 | $3701324 | $1336570 | $1890811 | $1142315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $36.68 | $7.55 | $28.59 | $27.96 | $33.28 | $1.00 | $11.57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 129416 | 32480 | 48091 | 132380 | 40161 | 1890611 | 98731 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $3961668 | $251590 | $1432653 | $3518338 | $1309457 | $1890611 | $1213371 |

---

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Vanguard VIF Short-Term Investment-Grade Portfolio | Vanguard VIF Total Bond Market Index Portfolio | Vanguard VIF Total International Stock Market Index Portfolio | Vanguard VIF Total Stock Market Index Portfolio | Western Asset Core Plus VIT Portfolio, Class II |
| ASSETS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $3254664 | $7837605 | $5256318 | $7990751 | $4583148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Contracts |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 944 | 972 | 2493 | 5340 | 364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from dividends |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | 3 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 3255608 | 7838577 | 5258814 | 7996091 | 4583512 |
| LIABILITIES: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 944 | 972 | 2493 | 5340 | 364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 3 | 1 | - | 29 | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 947 | 973 | 2493 | 5369 | 420 |
| NET ASSETS | $3254661 | $7837604 | $5256321 | $7990722 | $4583092 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $3254661 | $7837604 | $5256321 | $7990722 | $4583092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $3254661 | $7837604 | $5256321 | $7990722 | $4583092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $10.67 | $10.80 | $26.86 | $60.93 | $4.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 305029 | 725704 | 195693 | 131146 | 983508 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $3203962 | $7832397 | $4480778 | $6897269 | $5379105 |

---

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

(Concluded)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | AB VPS Balanced Hedged Allocation Portfolio, <br> Class B | AB VPS Discovery Value Portfolio,<br> Class B | AB VPS Large Cap Growth Portfolio,<br> Class B | AB VPS Relative Value Portfolio,<br> Class B | AB VPS Small Cap Growth Portfolio,<br> Class B | American Funds IS American Funds Global Balanced Fund,<br> Class 4 | American Funds IS American High-Income Trust, <br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $2815 | $5180 | $- | $22361 | $- | $112085 | $57219 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $2808 | $7044 | $665266 | $22504 | $7582 | $52394 | $6577 |
| NET INVESTMENT INCOME (LOSS) | 7 | (1864) | (665266) | (143) | (7582) | 59691 | 50642 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $105 | $9452 | $309436 | $19958 | $2022 | $3207 | $442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 7803 | 97739 | 8883795 | 208809 | - | 244806 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 7908 | 107191 | 9193231 | 228767 | 2022 | 248013 | 442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 20430 | (102959) | 2117072 | (49940) | 39860 | 773095 | 11560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 28338 | 4232 | 11310303 | 178827 | 41882 | 1021108 | 12002 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $28345 | $2368 | $10645037 | $178684 | $34300 | $1080799 | $62644 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS American High-Income Trust, <br> Class 4 | American Funds IS Asset Allocation Fund, <br> Class 2 | American Funds IS Asset Allocation Fund, <br> Class 4 | American Funds IS Capital Income Builder, <br> Class 2 | American Funds IS Capital Income Builder, <br> Class 4 | American Funds IS Capital World Bond Fund, <br> Class 2 | American Funds IS Capital World Bond Fund, <br> Class 4 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $478344 | $1743443 | $3297034 | $242037 | $1151889 | $15088 | $158268 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $46792 | $787526 | $1264545 | $66303 | $300390 | $3692 | $32557 |
| NET INVESTMENT INCOME (LOSS) | 431552 | 955917 | 2032489 | 175734 | 851499 | 11396 | 125711 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $216 | $2460875 | $191501 | $86554 | $435267 | $124 | $289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | 6335878 | 11001060 | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 216 | 8796753 | 11192561 | 86554 | 435267 | 124 | 289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 73185 | 2437389 | 9539335 | 1178266 | 5587438 | 27499 | 248088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 73401 | 11234142 | 20731896 | 1264820 | 6022705 | 27623 | 248377 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $504953 | $12190059 | $22764385 | $1440554 | $6874204 | $39019 | $374088 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Capital World Growth and Income Fund, Class 2 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Global Growth Fund, Class 2 | American Funds IS Global Growth Fund, Class 4 | American Funds IS Global Small Capitalization Fund, Class 2 | American Funds IS Global Small Capitalization Fund, Class 4 | American Funds IS Growth Fund, Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $105109 | $261450 | $1269038 | $2501376 | $26027 | $8929 | $116582 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $58792 | $149636 | $787449 | $1385836 | $58102 | $29017 | $592507 |
| NET INVESTMENT INCOME (LOSS) | 46317 | 111814 | 481589 | 1115540 | (32075) | (20088) | (475925) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $32371 | $44388 | $1916792 | $227663 | $3271 | $6960 | $2385561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 269220 | 580327 | 11826231 | 20989166 | 164115 | 89111 | 5957773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 301591 | 624715 | 13743023 | 21216829 | 167386 | 96071 | 8343334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 1266359 | 2960883 | 3561250 | 11453739 | 827573 | 466272 | 5637013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 1567950 | 3585598 | 17304273 | 32670568 | 994959 | 562343 | 13980347 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $1614267 | $3697412 | $17785862 | $33786108 | $962884 | $542255 | $13504422 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Growth Fund,<br> Class 4 | American Funds IS Growth-Income Fund, <br> Class 2 | American Funds IS Growth-Income Fund, <br> Class 4 | American Funds IS International Fund, <br> Class 2 | American Funds IS International Fund, <br> Class 4 | American Funds IS International Growth and Income Fund,<br> Class 2 | American Funds IS International Growth and Income Fund,<br> Class 4 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $275717 | $210450 | $995302 | $131518 | $477009 | $32471 | $73466 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $1771493 | $174728 | $959344 | $80152 | $221624 | $9272 | $18761 |
| NET INVESTMENT INCOME (LOSS) | (1495776) | 35722 | 35958 | 51366 | 255385 | 23199 | 54705 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $3449614 | $297464 | $1382244 | $84227 | $4568 | $5099 | $3545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 17257274 | 3814148 | 19648292 | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 20706888 | 4111612 | 21030536 | 84227 | 4568 | 5099 | 3545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 20514460 | (475978) | (1386465) | 2141296 | 7215457 | 331328 | 704474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 41221348 | 3635634 | 19644071 | 2225523 | 7220025 | 336427 | 708019 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $39725572 | $3671356 | $19680029 | $2276889 | $7475410 | $359626 | $762724 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS New World Fund,<br> Class 2 | American Funds IS New World Fund,<br> Class 4 | American Funds IS The Bond Fund of America, <br> Class 2 | American Funds IS The Bond Fund of America, <br> Class 4 | American Funds IS U.S. Government Securities Fund,<br> Class 2 | American Funds IS U.S. Government Securities Fund,<br> Class 4 | American Funds IS Washington Mutual Investors Fund, <br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $112218 | $28929 | $1906865 | $6794721 | $175590 | $1251407 | $645367 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $81385 | $20110 | $337165 | $1075878 | $32163 | $201831 | $367487 |
| NET INVESTMENT INCOME (LOSS) | 30833 | 8819 | 1569700 | 5718843 | 143427 | 1049576 | 277880 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $214721 | $4717 | $26098 | $(265116) | $2730 | $(120309) | $772946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 417486 | 108568 | - | - | - | - | 3103565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 632207 | 113285 | 26098 | (265116) | 2730 | (120309) | 3876511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 1782718 | 518150 | 1165135 | 2653098 | 125268 | 596255 | 2781523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 2414925 | 631435 | 1191233 | 2387982 | 127998 | 475946 | 6658034 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $2445758 | $640254 | $2760933 | $8106825 | $271425 | $1525522 | $6935914 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Washington Mutual Investors Fund,<br> Class 4 | BlackRock 60/40 Target Allocation ETF V.I. Fund, <br> Class III | BlackRock Advantage SMID Cap V.I. Fund,<br> Class III | BlackRock Global Allocation V.I. Fund, <br> Class III | BlackRock International V.I. Fund, <br> Class I | Calvert VP SRI Balanced Portfolio, <br> Class I | ClearBridge Variable Dividend Strategy Portfolio,<br> Class II |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $939923 | $724725 | $58010 | $2798065 | $45424 | $14482 | $7451 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $500796 | $222295 | $22637 | $450070 | $17813 | $12246 | $4791 |
| NET INVESTMENT INCOME (LOSS) | 439127 | 502430 | 35373 | 2347995 | 27611 | 2236 | 2660 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $40845 | $184026 | $(5667) | $83634 | $5224 | $8124 | $(5382) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 4341978 | 1266271 | 545282 | 6768925 | - | 47504 | 53532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 4382823 | 1450297 | 539615 | 6852559 | 5224 | 55628 | 48150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 5079395 | 2086303 | (229651) | 858682 | 349452 | 26840 | (9311) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 9462218 | 3536600 | 309964 | 7711241 | 354676 | 82468 | 38839 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $9901345 | $4039030 | $345337 | $10059236 | $382287 | $84704 | $41499 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | ClearBridge Variable Large Cap Growth Portfolio,<br> Class II | ClearBridge Variable Mid Cap Portfolio, <br> Class II | ClearBridge Variable Small Cap Growth Portfolio,<br> Class II | Columbia VP Balanced Fund,<br> Class 2 | Columbia VP Emerging Markets Bond Fund, <br> Class 2 | Columbia VP Intermediate Bond Fund, <br> Class 2 | Columbia VP Limited Duration Credit Fund, <br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $- | $3469 | $- | $- | $78049 | $147707 | $89493 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $12933 | $410477 | $177748 | $104822 | $9880 | $31720 | $11245 |
| NET INVESTMENT INCOME (LOSS) | (12933) | (407008) | (177748) | (104822) | 68169 | 115987 | 78248 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $49822 | $2003245 | $20244 | $82615 | $11473 | $10029 | $1253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 90886 | 2480946 | 1222829 | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 140708 | 4484191 | 1243073 | 82615 | 11473 | 10029 | 1253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (68055) | (3991496) | 16154 | 1675089 | 95861 | 80538 | (7902) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 72653 | 492695 | 1259227 | 1757704 | 107334 | 90567 | (6649) |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $59720 | $85687 | $1081479 | $1652882 | $175503 | $206554 | $71599 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Columbia VP Select Mid Cap Value Fund, <br> Class 2 | Columbia VP Seligman Global Technology Fund,<br> Class 2 | Columbia VP Strategic Income Fund, <br> Class 2 | Dimensional VA Equity Allocation Portfolio,<br> Institutional | Dimensional VA Global Bond Portfolio,<br> Institutional | Dimensional VA Global Moderate Allocation Portfolio,<br> Institutional | Dimensional VA International Small Portfolio,<br> Institutional |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $- | $- | $1795085 | $12895 | $131267 | $58672 | $51155 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $11968 | $102795 | $320040 | $1681 | $8893 | $6498 | $4450 |
| NET INVESTMENT INCOME (LOSS) | (11968) | (102795) | 1475045 | 11214 | 122374 | 52174 | 46705 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $10638 | $26480 | $4872 | $50017 | $537 | $4849 | $17489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | 919771 | - | 7840 | - | 21905 | 61893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 10638 | 946251 | 4872 | 57857 | 537 | 26754 | 79382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 197450 | 1828731 | 881010 | 58967 | (6186) | 214461 | 330681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 208088 | 2774982 | 885882 | 116824 | (5649) | 241215 | 410063 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $196120 | $2672187 | $2360927 | $128038 | $116725 | $293389 | $456768 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Dimensional VA International Value Portfolio,<br> Institutional | Dimensional VA Short-Term Fixed Portfolio,<br> Institutional | Dimensional VA US Large Value Portfolio,<br> Institutional | Dimensional VA US Targeted Value Portfolio,<br> Institutional | Fidelity VIP Asset Manager 50% Portfolio, Service<br> Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service<br> Class 2 | Fidelity VIP Balanced Portfolio, Service<br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $93803 | $108992 | $110878 | $52461 | $87304 | $721653 | $1817759 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $6253 | $7644 | $15205 | $7636 | $23747 | $252811 | $845407 |
| NET INVESTMENT INCOME (LOSS) | 87550 | 101348 | 95673 | 44825 | 63557 | 468842 | 972352 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $21894 | $1132 | $2339 | $461 | $7171 | $10177 | $239254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 68281 | - | 346322 | 237339 | 107182 | 967303 | 4364429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 90175 | 1132 | 348661 | 237800 | 114353 | 977480 | 4603683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 597263 | (2073) | 333220 | (26867) | 185247 | 4297221 | 8750589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 687438 | (941) | 681881 | 210933 | 299600 | 5274701 | 13354272 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $774988 | $100407 | $777554 | $255758 | $363157 | $5743543 | $14326624 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Bond Index Portfolio, Service <br> Class 2 | Fidelity VIP Contrafund Portfolio, Service<br> Class 2 | Fidelity VIP Disciplined Small Cap Portfolio, Service <br> Class 2 | Fidelity VIP Emerging Markets Portfolio, Service<br> Class 2 | Fidelity VIP Energy Portfolio, Service<br> Class 2 | Fidelity VIP Equity-Income Portfolio, Service<br> Class 2 | Fidelity VIP Extended Market Index Portfolio, Service <br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $565753 | $- | $532 | $564 | $28298 | $76435 | $8220 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $115683 | $2703243 | $799 | $428 | $11699 | $52893 | $5446 |
| NET INVESTMENT INCOME (LOSS) | 450070 | (2703243) | (267) | 136 | 16599 | 23542 | 2774 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $1956 | $25092286 | $75 | $998 | $4494 | $174189 | $(943) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | 46056678 | 3594 | 309 | - | 273681 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1956 | 71148964 | 3669 | 1307 | 4494 | 447870 | (943) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 425594 | (24472254) | 9559 | 10043 | 76608 | 335079 | 88282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 427550 | 46676710 | 13228 | 11350 | 81102 | 782949 | 87339 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $877620 | $43973467 | $12961 | $11486 | $97701 | $806491 | $90113 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Freedom 2015 Portfolio, Service<br> Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service<br> Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service <br> Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service <br> Class 2 | Fidelity VIP FundsManager 85% Portfolio, Service <br> Class 2 | Fidelity VIP Growth & Income Portfolio, Service<br> Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service<br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $35258 | $64838 | $90776 | $92681 | $11134 | $14437 | $- |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $11080 | $22153 | $24585 | $23507 | $4426 | $9161 | $101 |
| NET INVESTMENT INCOME (LOSS) | 24178 | 42685 | 66191 | 69174 | 6708 | 5276 | (101) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $(10125) | $(2620) | $(18048) | $271 | $1356 | $967 | $7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 62131 | 135878 | - | 12447 | 9981 | 99703 | 332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 52006 | 133258 | (18048) | 12718 | 11337 | 100670 | 339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 77555 | 115326 | 98850 | 429338 | 66350 | 48653 | 7397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 129561 | 248584 | 80802 | 442056 | 77687 | 149323 | 7736 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $153739 | $291269 | $146993 | $511230 | $84395 | $154599 | $7635 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Growth Portfolio, Service <br> Class 2 | Fidelity VIP Health Care Portfolio, Service<br> Class 2 | Fidelity VIP High Income Portfolio, Service <br> Class 2 | Fidelity VIP Index 500 Portfolio, Service <br> Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service<br> Class 2 | Fidelity VIP International Index Portfolio, Service <br> Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service <br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $3305 | $4990 | $48254 | $6255466 | $5252 | $122647 | $9738697 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $68638 | $23112 | $6139 | $6169502 | $3973 | $26921 | $2657589 |
| NET INVESTMENT INCOME (LOSS) | (65333) | (18122) | 42115 | 85964 | 1279 | 95726 | 7081108 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $92591 | $19950 | $(832) | $117572959 | $7056 | $4962 | $(2779773) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 873251 | 169446 | - | 3693786 | 3378 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 965842 | 189396 | (832) | 121266745 | 10434 | 4962 | (2779773) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (51253) | 221224 | 6318 | (39834399) | 93170 | 983893 | 11719946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 914589 | 410620 | 5486 | 81432346 | 103604 | 988855 | 8940173 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $849256 | $392498 | $47601 | $81518310 | $104883 | $1084581 | $16021281 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Mid Cap Portfolio, Service <br> Class 2 | Fidelity VIP Strategic Income Portfolio, Service<br> Class 2 | Fidelity VIP Target Volatility Portfolio, Service<br> Class 2 | Fidelity VIP Technology Portfolio, Initial<br> Class | Fidelity VIP Total Market Index Portfolio, Service<br> Class 2 | Fidelity VIP Utilities Portfolio, Initial <br> Class | Fidelity VIP Value Strategies Portfolio, Service<br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $461878 | $27899 | $98812 | $- | $62504 | $7194 | $16211 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $1790727 | $7814 | $5439 | $234384 | $43837 | $2608 | $13760 |
| NET INVESTMENT INCOME (LOSS) | (1328849) | 20085 | 93373 | (234384) | 18667 | 4586 | 2451 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $(4689012) | $1865 | $2009 | $14730 | $14701 | $2953 | $(305) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 22966139 | - | 1944 | 2180683 | - | 14880 | 75368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 18277127 | 1865 | 3953 | 2195413 | 14701 | 17833 | 75063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (2859180) | 26175 | (53995) | 6022562 | 970217 | 26418 | 67723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 15417947 | 28040 | (50042) | 8217975 | 984918 | 44251 | 142786 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $14089098 | $48125 | $43331 | $7983591 | $1003585 | $48837 | $145237 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | First Trust Multi Income Allocation Portfolio, <br> Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, <br> Class I | Franklin DynaTech VIP Fund, <br> Class 2 | Franklin Income VIP Fund, <br> Class 2 | Franklin Mutual Global Discovery VIP Fund, <br> Class 2 | Franklin Mutual Shares VIP Fund, <br> Class 2 | Franklin Rising Dividends VIP Fund, <br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $1082 | $46247 | $- | $8869007 | $59684 | $7817931 | $2839506 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $1222 | $8878 | $499143 | $1653193 | $27985 | $3967526 | $3210637 |
| NET INVESTMENT INCOME (LOSS) | (140) | 37369 | (499143) | 7215814 | 31699 | 3850405 | (371131) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $1238 | $258 | $8479266 | $980028 | $20923 | $8531279 | $9457388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 709 | 17099 | - | 1864230 | 330832 | 38519117 | 34018505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1947 | 17357 | 8479266 | 2844258 | 351755 | 47050396 | 43475893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 7175 | (24511) | (1053650) | 8591557 | 268241 | (21310753) | (10210131) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 9122 | (7154) | 7425616 | 11435815 | 619996 | 25739643 | 33265762 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $8982 | $30215 | $6926473 | $18651629 | $651695 | $29590048 | $32894631 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Franklin Small Cap Value VIP Fund, <br> Class 2 | Franklin Small-Mid Cap Growth VIP Fund,<br> Class 2 | Franklin Strategic Income VIP Fund, <br> Class 2 | Franklin U.S. Government Securities VIP Fund, <br> Class 2 | Goldman Sachs VIT Core Fixed Income Fund, Service <br> Class | Goldman Sachs VIT International Equity Insights Fund, Institutional <br> Class | Goldman Sachs VIT International Equity Insights Fund, Service<br> Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $573595 | $- | $266888 | $9184221 | $971005 | $448870 | $679045 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $535326 | $311606 | $53677 | $2873412 | $255955 | $184913 | $281364 |
| NET INVESTMENT INCOME (LOSS) | 38269 | (311606) | 213211 | 6310809 | 715050 | 263957 | 397681 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $518368 | $950131 | $(17491) | $(7635839) | $(202463) | $(421945) | $1531306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 4473518 | 1785881 | 60 | - | - | 2201749 | 3692596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 4991886 | 2736012 | (17431) | (7635839) | (202463) | 1779804 | 5223902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (1000534) | (2592417) | 138745 | 16654349 | 1136722 | 3490855 | 3425773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 3991352 | 143595 | 121314 | 9018510 | 934259 | 5270659 | 8649675 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $4029621 | $(168011) | $334525 | $15329319 | $1649309 | $5534616 | $9047356 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Goldman Sachs VIT Large Cap Value Fund, Institutional <br> Class | Goldman Sachs VIT Large Cap Value Fund, Service <br> Class | Goldman Sachs VIT Mid Cap Growth Fund, Service <br> Class | Goldman Sachs VIT Mid Cap Value Fund, Institutional <br> Class | Goldman Sachs VIT Mid Cap Value Fund, Service <br> Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional <br> Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service <br> Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $318333 | $604402 | $- | $62826 | $812272 | $123150 | $46400 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $340928 | $758804 | $477251 | $50680 | $856792 | $212869 | $76031 |
| NET INVESTMENT INCOME (LOSS) | (22595) | (154402) | (477251) | 12146 | (44520) | (89719) | (29631) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $98775 | $(529633) | $531348 | $41025 | $2869861 | $169575 | $395583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 3959773 | 9531181 | 7449716 | 569604 | 9206542 | 1401542 | 763330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 4058548 | 9001548 | 7981064 | 610629 | 12076403 | 1571117 | 1158913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (1289629) | (2580230) | (5128089) | (173069) | (6883077) | 961949 | 239044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 2768919 | 6421318 | 2852975 | 437560 | 5193326 | 2533066 | 1397957 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $2746324 | $6266916 | $2375724 | $449706 | $5148806 | $2443347 | $1368326 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Goldman Sachs VIT Strategic Growth Fund, Institutional <br> Class | Goldman Sachs VIT Strategic Growth Fund, Service <br> Class | Goldman Sachs VIT Trend Driven Allocation Fund, Service <br> Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional <br> Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service <br> Class | Guggenheim Floating Rate Strategies <br> Series | Guggenheim Global Managed Futures Strategy <br> Fund |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $- | $- | $237695 | $171849 | $2883 | $241364 | $2274 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $377486 | $1675448 | $83392 | $332095 | $7383 | $26361 | $1371 |
| NET INVESTMENT INCOME (LOSS) | (377486) | (1675448) | 154303 | (160246) | (4500) | 215003 | 903 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $1056450 | $17386566 | $39792 | $254811 | $13958 | $(28534) | $(25611) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 4945959 | 28137632 | 729754 | 3252926 | 78764 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 6002409 | 45524198 | 769546 | 3507737 | 92722 | (28534) | (25611) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (688207) | (20808399) | (428307) | (45640) | (4443) | (120931) | 24794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 5314202 | 24715799 | 341239 | 3462097 | 88279 | (149465) | (817) |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $4936716 | $23040351 | $495542 | $3301851 | $83779 | $65538 | $86 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Guggenheim Multi-Hedge Strategies <br> Fund | Invesco V.I. American Franchise Fund, <br> Series I | Invesco V.I. American Franchise Fund, <br> Series II | Invesco V.I. American Value Fund, <br> Series II | Invesco V.I. Balanced-Risk Allocation Fund, <br> Series II | Invesco V.I. Comstock Fund, <br> Series I | Invesco V.I. Comstock Fund, <br> Series II |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $4269 | $- | $- | $138117 | $2873865 | $344960 | $1916574 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $2162 | $75780 | $27299 | $591060 | $592357 | $249003 | $1353648 |
| NET INVESTMENT INCOME (LOSS) | 2107 | (75780) | (27299) | (452943) | 2281508 | 95957 | 562926 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $(5439) | $281810 | $145302 | $2700566 | $(1527704) | $660899 | $4974373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | 616131 | 285990 | 9923593 | - | 2175091 | 14203086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (5439) | 897941 | 431292 | 12624159 | (1527704) | 2835990 | 19177459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 550 | (163514) | (133633) | (1689006) | 2258215 | 155280 | (1297553) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | (4889) | 734427 | 297659 | 10935153 | 730511 | 2991270 | 17879906 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $(2782) | $658647 | $270360 | $10482210 | $3012019 | $3087227 | $18442832 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Discovery Large Cap Fund,<br> Series I | Invesco V.I. Discovery Large Cap Fund, <br> Series II | Invesco V.I. Discovery Mid Cap Growth Fund, <br> Series I | Invesco V.I. Discovery Mid Cap Growth Fund, <br> Series II | Invesco V.I. Equity and Income Fund, <br> Series II | Invesco V.I. EQV International Equity Fund, <br> Series II | Invesco V.I. Global Fund, <br> Series I |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $- | $- | $- | $- | $5048963 | $492127 | $- |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $114012 | $441454 | $44300 | $281023 | $2320830 | $357365 | $80906 |
| NET INVESTMENT INCOME (LOSS) | (114012) | (441454) | (44300) | (281023) | 2728133 | 134762 | (80906) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $332609 | $9345267 | $68969 | $1104898 | $5240172 | $(213390) | $94304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 995981 | 5916793 | 276680 | 2700442 | 14485992 | 2685453 | 1212501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1328590 | 15262060 | 345649 | 3805340 | 19726164 | 2472063 | 1306805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (320086) | (11584061) | (187714) | (2759112) | 3496361 | 1044013 | (383517) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 1008504 | 3677999 | 157935 | 1046228 | 23222525 | 3516076 | 923288 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $894492 | $3236545 | $113635 | $765205 | $25950658 | $3650838 | $842382 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Global Fund, <br> Series II | Invesco V.I. Global Real Estate Fund,<br> Series II | Invesco V.I. Global Strategic Income Fund,<br> Series I | Invesco V.I. Global Strategic Income Fund,<br> Series II | Invesco V.I. Government Securities Fund,<br> Series II | Invesco V.I. Growth and Income Fund,<br> Series I | Invesco V.I. Growth and Income Fund,<br> Series II |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $- | $136044 | $244672 | $9788785 | $3084271 | $341427 | $4502533 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $2153995 | $59130 | $59170 | $2036356 | $974890 | $294588 | $3858307 |
| NET INVESTMENT INCOME (LOSS) | (2153995) | 76914 | 185502 | 7752429 | 2109381 | 46839 | 644226 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $8205023 | $(250169) | $(34631) | $(5018002) | $(806869) | $268392 | $8189807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 38906058 | - | - | - | - | 1803814 | 29308124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 47111081 | (250169) | (34631) | (5018002) | (806869) | 2072206 | 37497931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (21758840) | 219212 | 316353 | 17871002 | 5170640 | 1022165 | (899734) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 25352241 | (30957) | 281722 | 12853000 | 4363771 | 3094371 | 36598197 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $23198246 | $45957 | $467224 | $20605429 | $6473152 | $3141210 | $37242423 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Main Street Fund, <br> Series I | Invesco V.I. Main Street Fund, <br> Series II | Invesco V.I. Main Street Mid Cap Fund, <br> Series II | Invesco V.I. Main Street Small Cap Fund, <br> Series II | Invesco V.I. Small Cap Equity Fund, <br> Series II | Invesco V.I. U.S. Government Money Portfolio, <br> Series I | Janus Henderson VIT Balanced Portfolio, Service <br> Shares |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $32363 | $284603 | $3178 | $71250 | $- | $17075088 | $524494 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $78759 | $843682 | $16700 | $186703 | $139756 | $4913161 | $306872 |
| NET INVESTMENT INCOME (LOSS) | (46396) | (559079) | (13522) | (115453) | (139756) | 12161927 | 217622 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $155935 | $3341017 | $560 | $6579 | $448135 | $- | $2244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 370154 | 5710679 | 304307 | 3168067 | 806739 | - | 793339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 526089 | 9051696 | 304867 | 3174646 | 1254874 | - | 795583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 347925 | 3443806 | (68520) | (799645) | (243192) | - | 2585677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 874014 | 12495502 | 236347 | 2375001 | 1011682 | - | 3381260 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $827618 | $11936423 | $222825 | $2259548 | $871926 | $12161927 | $3598882 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Janus Henderson VIT Enterprise Portfolio, Service <br> Shares | Janus Henderson VIT Forty Portfolio, Service <br> Shares | Janus Henderson VIT Global Sustainable Equity Portfolio, Service <br> Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service <br> Shares | Janus Henderson VIT Overseas Portfolio, Service <br> Shares | Lord Abbett Series Fund Bond Debenture Portfolio, <br> Class VC | Lord Abbett Series Fund Dividend Growth Portfolio, <br> Class VC |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $407 | $24 | $1172 | $- | $54127 | $29380522 | $561458 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $7509 | $95178 | $257 | $91487 | $45183 | $4938905 | $908940 |
| NET INVESTMENT INCOME (LOSS) | (7102) | (95154) | 915 | (91487) | 8944 | 24441617 | (347482) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $(2636) | $1360 | $62 | $1099 | $(245) | $(4193495) | $3258111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 72524 | 1049688 | 103 | 666015 | - | - | 7538876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 69888 | 1051048 | 165 | 667114 | (245) | (4193495) | 10796987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 4858 | 416295 | 957 | 1133258 | 880826 | 14245900 | 2628822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 74746 | 1467343 | 1122 | 1800372 | 880581 | 10052405 | 13425809 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $67644 | $1372189 | $2037 | $1708885 | $889525 | $34494022 | $13078327 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Lord Abbett Series Fund Fundamental Equity Portfolio, <br> Class VC | Lord Abbett Series Fund Growth and Income Portfolio, <br> Class VC | Lord Abbett Series Fund Growth Opportunities Portfolio, <br> Class VC | Lord Abbett Series Fund Mid Cap Stock Portfolio, <br> Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, <br> Class VC | LVIP American Century Balanced Fund, Standard <br> Class II | LVIP American Century Disciplined Core Value Fund, Standard <br> Class II |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $494316 | $293648 | $- | $130177 | $660371 | $13696 | $236 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $1228755 | $568872 | $490303 | $389332 | $99278 | $5023 | $89 |
| NET INVESTMENT INCOME (LOSS) | (734439) | (275224) | (490303) | (259155) | 561093 | 8673 | 147 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $4248987 | $2207187 | $4585315 | $375998 | $7698 | $550 | $8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 11543203 | 5491470 | 8125872 | 3218567 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 15792190 | 7698657 | 12711187 | 3594565 | 7698 | 550 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (3802799) | 506180 | (9665487) | (1080562) | 45005 | 52752 | 1697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 11989391 | 8204837 | 3045700 | 2514003 | 52703 | 53302 | 1705 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $11254952 | $7929613 | $2555397 | $2254848 | $613796 | $61975 | $1852 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | LVIP American Century International Fund, Standard<br> Class II | LVIP American Century Ultra Fund, Standard <br> Class II | MFS VIT Growth Series, Initial <br> Class | MFS VIT Growth Series, Service <br> Class | MFS VIT II Core Equity Portfolio, Service <br> Class | MFS VIT II Emerging Markets Equity Portfolio, Service<br> Class | MFS VIT II International Growth Portfolio, Service <br> Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $3673 | $- | $- | $- | $11306 | $3735 | $34361 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $3608 | $1265 | $87389 | $477432 | $30812 | $1852 | $31032 |
| NET INVESTMENT INCOME (LOSS) | 65 | (1265) | (87389) | (477432) | (19506) | 1883 | 3329 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $334 | $988 | $158577 | $2775892 | $(1272) | $4497 | $4169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | 8900 | 1195714 | 10325418 | 514423 | 1428 | 254747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 334 | 9888 | 1354291 | 13101310 | 513151 | 5925 | 258916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 39499 | 2917 | (586440) | (6981174) | 36421 | 50466 | 461496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 39833 | 12805 | 767851 | 6120136 | 549572 | 56391 | 720412 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $39898 | $11540 | $680462 | $5642704 | $530066 | $58274 | $723741 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT II International Intrinsic Value Portfolio, Service<br> Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial <br> Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service <br> Class | MFS VIT II Research International Portfolio, Service <br> Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service <br> Class | MFS VIT III Global Real Estate Portfolio, Service <br> Class | MFS VIT III Mid Cap Value Portfolio, Service <br> Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $236079 | $4384 | $4964 | $11604 | $1004 | $3795 | $14144 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $153411 | $21518 | $251757 | $5638 | $957 | $3677 | $10450 |
| NET INVESTMENT INCOME (LOSS) | 82668 | (17134) | (246793) | 5966 | 47 | 118 | 3694 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $1404845 | $19310 | $532864 | $83 | $15 | $(79) | $(669) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 1009682 | 231120 | 4300966 | - | 13282 | - | 154129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2414527 | 250430 | 4833830 | 83 | 13297 | (79) | 153460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 2373643 | (99855) | (2112043) | 144723 | (5386) | 6876 | (63817) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 4788170 | 150575 | 2721787 | 144806 | 7911 | 6797 | 89643 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $4870838 | $133441 | $2474994 | $150772 | $7958 | $6915 | $93337 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT Investors Trust Series, Initial <br> Class | MFS VIT Investors Trust Series, Service <br> Class | MFS VIT Mid Cap Growth Series, Service<br> Class | MFS VIT New Discovery Series, Initial <br> Class | MFS VIT New Discovery Series, Service <br> Class | MFS VIT Research Series, Initial <br> Class | MFS VIT Research Series, Service <br> Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $77431 | $213141 | $- | $- | $- | $49671 | $4713 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $65217 | $402175 | $11353 | $27433 | $450574 | $69556 | $30986 |
| NET INVESTMENT INCOME (LOSS) | 12214 | (189034) | (11353) | (27433) | (450574) | (19885) | (26273) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $142761 | $2064899 | $(368) | $(43976) | $685906 | $124398 | $140120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 1981627 | 15076796 | 342714 | - | - | 1217246 | 733675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2124388 | 17141695 | 342346 | (43976) | 685906 | 1341644 | 873795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (1589904) | (12800161) | (301981) | 279389 | 4273085 | (766956) | (506795) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 534484 | 4341534 | 40365 | 235413 | 4958991 | 574688 | 367000 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $546698 | $4152500 | $29012 | $207980 | $4508417 | $554803 | $340727 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT Total Return Bond Series, Service<br> Class | MFS VIT Total Return Series, Initial <br> Class | MFS VIT Total Return Series, Service <br> Class | MFS VIT Utilities Series, Initial <br> Class | MFS VIT Utilities Series, Service <br> Class | MFS VIT Value Series, Service <br> Class | Morgan Stanley VIF Global Strategist Portfolio, <br> Class II |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $10804375 | $330568 | $948055 | $49312 | $433818 | $1754455 | $- |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $2685856 | $150629 | $372559 | $20920 | $181471 | $1368426 | $5538 |
| NET INVESTMENT INCOME (LOSS) | 8118519 | 179939 | 575496 | 28392 | 252347 | 386029 | (5538) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $(3287272) | $315982 | $525036 | $59154 | $637372 | $4279093 | $3167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | 881468 | 2789228 | 22552 | 216347 | 9693608 | 14186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (3287272) | 1197450 | 3314264 | 81706 | 853719 | 13972701 | 17353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 9902615 | (217250) | (357538) | 94414 | 939214 | (442260) | 54509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 6615343 | 980200 | 2956726 | 176120 | 1792933 | 13530441 | 71862 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $14733862 | $1160139 | $3532222 | $204512 | $2045280 | $13916470 | $66324 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Morgan Stanley VIF Growth Portfolio, <br> Class II | PIMCO VIT All Asset Portfolio, Advisor <br> Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor <br> Class | PIMCO VIT Global Diversified Allocation Portfolio, Advisor <br> Class | PIMCO VIT High Yield Portfolio, Advisor <br> Class | PIMCO VIT Income Portfolio, Advisor <br> Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor <br> Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $- | $179471 | $127 | $311665 | $54080 | $204020 | $522275 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $2610 | $44348 | $14 | $70296 | $10229 | $32381 | $178295 |
| NET INVESTMENT INCOME (LOSS) | (2610) | 135123 | 113 | 241369 | 43851 | 171639 | 343980 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $9818 | $(76814) | $(133) | $(53727) | $2411 | $(811) | $(1646201) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 9818 | (76814) | (133) | (53727) | 2411 | (811) | (1646201) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 24383 | 320368 | 843 | 455386 | 20214 | 186010 | 2116162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 34201 | 243554 | 710 | 401659 | 22625 | 185199 | 469961 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $31591 | $378677 | $823 | $643028 | $66476 | $356838 | $813941 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | PIMCO VIT Low Duration Portfolio, Advisor <br> Class | PIMCO VIT Real Return Portfolio, Advisor <br> Class | PIMCO VIT Short-Term Portfolio, Advisor <br> Class | PIMCO VIT Total Return Portfolio, Advisor <br> Class | Protective Life Dynamic Allocation Series Conservative <br> Portfolio | Protective Life Dynamic Allocation Series Growth<br> Portfolio | Protective Life Dynamic Allocation Series Moderate <br> Portfolio |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $4346516 | $6359501 | $3859257 | $22285024 | $835352 | $522447 | $13890530 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $1095174 | $2143503 | $838621 | $5795792 | $386747 | $410686 | $5646995 |
| NET INVESTMENT INCOME (LOSS) | 3251342 | 4215998 | 3020636 | 16489232 | 448605 | 111761 | 8243535 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $(654405) | $(3527584) | $41785 | $(12145957) | $200722 | $1580524 | $5561263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | - | - | - | 2134244 | 5726598 | 52530310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (654405) | (3527584) | 41785 | (12145957) | 2334966 | 7307122 | 58091573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 2290093 | 12092605 | 43960 | 36819109 | 781747 | (2529891) | 12181383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 1635688 | 8565021 | 85745 | 24673152 | 3116713 | 4777231 | 70272956 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $4887030 | $12781019 | $3106381 | $41162384 | $3565318 | $4888992 | $78516491 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Royce Capital Fund Micro-Cap Portfolio, Service <br> Class | Royce Capital Fund Small-Cap Portfolio, Service <br> Class | Rydex Commodities Strategy <br> Fund | Rydex Inverse Government Long Bond Strategy <br> Fund | T. Rowe Price All-Cap Opportunities <br> Portfolio | T. Rowe Price Blue Chip Growth Portfolio, <br> Class II | T. Rowe Price Health Sciences Portfolio, <br> Class II |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $- | $1956745 | $392 | $639 | $- | $- | $- |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $119609 | $1013281 | $99 | $92 | $23809 | $659345 | $216198 |
| NET INVESTMENT INCOME (LOSS) | (119609) | 943464 | 293 | 547 | (23809) | (659345) | (216198) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $289182 | $(1342699) | $34 | $32 | $11934 | $481672 | $10589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 1868391 | 7821220 | - | - | 469420 | 10341509 | 1409815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2157573 | 6478521 | 34 | 32 | 481354 | 10823181 | 1420404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (991754) | (1919067) | 67 | (495) | (29063) | 5664579 | 4261372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 1165819 | 4559454 | 101 | (463) | 452291 | 16487760 | 5681776 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $1046210 | $5502918 | $394 | $84 | $428482 | $15828415 | $5465578 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | T. Rowe Price Mid-Cap Growth Portfolio, <br> Class II | T. Rowe Price Moderate Allocation <br> Portfolio | Templeton Developing Markets VIP Fund, <br> Class 2 | Templeton Foreign VIP Fund, <br> Class 2 | Templeton Global Bond VIP Fund, <br> Class 2 | Templeton Growth VIP Fund, <br> Class 2 | VanEck VIP Global Resources Fund, Initial <br> Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $- | $681107 | $47921 | $1433134 | $- | $650699 | $139 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $47288 | $201338 | $90848 | $613062 | $1672457 | $768212 | $77 |
| NET INVESTMENT INCOME (LOSS) | (47288) | 479769 | (42927) | 820072 | (1672457) | (117513) | 62 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $2700 | $24627 | $372617 | $(273379) | $(10932754) | $1308653 | $4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 1112794 | 1444562 | 149554 | 4001624 | - | 5586329 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1115494 | 1469189 | 522171 | 3728245 | (10932754) | 6894982 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (847775) | 1874912 | 2334064 | 9241512 | 33420310 | 7423427 | 1592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 267719 | 3344101 | 2856235 | 12969757 | 22487556 | 14318409 | 1596 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $220431 | $3823870 | $2813308 | $13789829 | $20815099 | $14200896 | $1658 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Vanguard VIF Balanced <br> Portfolio | Vanguard VIF Capital Growth <br> Portfolio | Vanguard VIF Conservative Allocation <br> Portfolio | Vanguard VIF Diversified Value <br> Portfolio | Vanguard VIF Equity Income <br> Portfolio | Vanguard VIF Equity Index <br> Portfolio | Vanguard VIF Global Bond Index <br> Portfolio |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $15803 | $4819 | $43386 | $6772 | $33034 | $31053 | $9423 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $2542 | $1360 | $5083 | $1330 | $4297 | $10363 | $1355 |
| NET INVESTMENT INCOME (LOSS) | 13261 | 3459 | 38303 | 5442 | 28737 | 20690 | 8068 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $808 | $2139 | $339 | $425 | $(34359) | $6291 | $37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 67688 | 20705 | 50823 | 35411 | 100416 | 59833 | 574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 68496 | 22844 | 51162 | 35836 | 66057 | 66124 | 611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 44241 | 90735 | 108835 | 27978 | 106782 | 480443 | 13531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 112737 | 113579 | 159997 | 63814 | 172839 | 546567 | 14142 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $125998 | $117038 | $198300 | $69256 | $201576 | $567257 | $22210 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Vanguard VIF Growth <br> Portfolio | Vanguard VIF High Yield Bond <br> Portfolio | Vanguard VIF International <br> Portfolio | Vanguard VIF Mid-Cap Index <br> Portfolio | Vanguard VIF Moderate Allocation <br> Portfolio | Vanguard VIF Money Market <br> Portfolio | Vanguard VIF Real Estate Index <br> Portfolio |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $5572 | $11670 | $10547 | $21616 | $13723 | $67746 | $18080 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $9800 | $579 | $3903 | $6604 | $2316 | $4970 | $2437 |
| NET INVESTMENT INCOME (LOSS) | (4228) | 11091 | 6644 | 15012 | 11407 | 62776 | 15643 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $9672 | $1673 | $5461 | $1641 | $(1990) | $- | $(93) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 150808 | - | 71085 | 86117 | 23053 | - | 11577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 160480 | 1673 | 76546 | 87758 | 21063 | - | 11484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 405733 | 3614 | 142570 | 115661 | 74174 | - | (11756) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 566213 | 5287 | 219116 | 203419 | 95237 | - | (272) |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $561985 | $16378 | $225760 | $218431 | $106644 | $62776 | $15371 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Vanguard VIF Short-Term Investment-Grade <br> Portfolio | Vanguard VIF Total Bond Market Index <br> Portfolio | Vanguard VIF Total International Stock Market Index <br> Portfolio | Vanguard VIF Total Stock Market Index <br> Portfolio | Western Asset Core Plus VIT Portfolio,<br> Class II |
| INVESTMENT INCOME: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $102206 | $128691 | $67487 | $50921 | $195524 |
| EXPENSES: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | $8092 | $15201 | $9578 | $15227 | $58619 |
| NET INVESTMENT INCOME (LOSS) | 94114 | 113490 | 57909 | 35694 | 136905 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | $2080 | $594 | $3635 | $3263 | $7889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | - | 41141 | 237712 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2080 | 594 | 44776 | 240975 | 7889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 72661 | 193413 | 741944 | 533335 | 141033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 74741 | 194007 | 786720 | 774310 | 148922 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $168855 | $307497 | $844629 | $810004 | $285827 |

---

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

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

(Concluded)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | AB VPS Balanced Hedged Allocation Portfolio, <br>Class B | AB VPS Discovery Value Portfolio, <br>Class B | AB VPS Large Cap Growth Portfolio, <br>Class B | AB VPS Relative Value Portfolio, <br>Class B | AB VPS Small Cap Growth Portfolio, <br>Class B | American Funds IS American Funds Global Balanced Fund, <br>Class 4 | American Funds IS American High-Income Trust, <br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $7 | $(1864) | $(665266) | $(143) | $(7582) | $59691 | $50642 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 7908 | 107191 | 9193231 | 228767 | 2022 | 248013 | 442 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 20430 | (102959) | 2117072 | (49940) | 39860 | 773095 | 11560 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 28345 | 2368 | 10645037 | 178684 | 34300 | 1080799 | 62644 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 613149 | 8725 | 34769986 | 278099 | 279426 | 4632258 | 300 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (2712) | (3366) | (1421382) | (12907) | (3761) | (119739) | (4345) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (4408) | (37652) | (2303458) | (253780) | (31590) | (204165) | (18521) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 153375 | (87300) | 7309600 | (369755) | 52572 | 676766 | 5801 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 759404 | (119593) | 38354746 | (358343) | 296647 | 4985120 | (16765) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 787749 | (117225) | 48999783 | (179659) | 330947 | 6065919 | 45879 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 57584 | 1023966 | 66303364 | 2720535 | 773287 | 4246775 | 853515 |
| &nbsp;&nbsp;&nbsp;End of period | $845333 | $906741 | $115303147 | $2540876 | $1104234 | $10312694 | $899394 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS American High-Income Trust, <br>Class 4 | American Funds IS Asset Allocation Fund, <br>Class 2 | American Funds IS Asset Allocation Fund, <br>Class 4 | American Funds IS Capital Income Builder, <br>Class 2 | American Funds IS Capital Income Builder, <br>Class 4 | American Funds IS Capital World Bond Fund, <br>Class 2 | American Funds IS Capital World Bond Fund, <br>Class 4 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $431552 | $955917 | $2032489 | $175734 | $851499 | $11396 | $125711 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 216 | 8796753 | 11192561 | 86554 | 435267 | 124 | 289 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 73185 | 2437389 | 9539335 | 1178266 | 5587438 | 27499 | 248088 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 504953 | 12190059 | 22764385 | 1440554 | 6874204 | 39019 | 374088 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 2660824 | 1088150 | 39766924 | 55284 | 11854108 |  | 1778432 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (119197) | (592677) | (2374067) | (25032) | (661279) | (2331) | (87510) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (281650) | (12268917) | (8152258) | (345302) | (1750575) | (2393) | (288689) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 1046882 | (2263391) | 27427039 | (227077) | 1292179 | 35065 | 421800 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 3306859 | (14036835) | 56667638 | (542127) | 10734433 | 30341 | 1824033 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 3811812 | (1846776) | 79432023 | 898427 | 17608637 | 69360 | 2198121 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 5431105 | 90269759 | 121456054 | 7683332 | 31177435 | 453938 | 3620130 |
| &nbsp;&nbsp;&nbsp;End of period | $9242917 | $88422983 | $200888077 | $8581759 | $48786072 | $523298 | $5818251 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Capital World Growth and Income Fund, <br>Class 2 | American Funds IS Capital World Growth and Income Fund, <br>Class 4 | American Funds IS Global Growth Fund, <br>Class 2 | American Funds IS Global Growth Fund, <br>Class 4 | American Funds IS Global Small Capitalization Fund, <br>Class 2 | American Funds IS Global Small Capitalization Fund, <br>Class 4 | American Funds IS Growth Fund, <br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $46317 | $111814 | $481589 | $1115540 | $(32075) | $(20088) | $(475925) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 301591 | 624715 | 13743023 | 21216829 | 167386 | 96071 | 8343334 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 1266359 | 2960883 | 3561250 | 11453739 | 827573 | 466272 | 5637013 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 1614267 | 3697412 | 17785862 | 33786108 | 962884 | 542255 | 13504422 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 48160 | 7613278 | 683784 | 76816344 | 18086 | 1102074 | 2258819 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (21887) | (230669) | (969700) | (2834838) | (28466) | (53188) | (378778) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (183540) | (1326201) | (10700644) | (6119772) | (347632) | (154866) | (6067244) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (157656) | 3042017 | (2910215) | 11732722 | 93380 | 65996 | (4752652) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (314923) | 9098425 | (13896775) | 79594456 | (264632) | 960016 | (8939855) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 1299344 | 12795837 | 3889087 | 113380564 | 698252 | 1502271 | 4564567 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 6855000 | 11386387 | 92067709 | 124197047 | 7045684 | 3279194 | 74843680 |
| &nbsp;&nbsp;&nbsp;End of period | $8154344 | $24182224 | $95956796 | $237577611 | $7743936 | $4781465 | $79408247 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Growth Fund, <br>Class 4 | American Funds IS Growth-Income Fund, <br>Class 2 | American Funds IS Growth-Income Fund, <br>Class 4 | American Funds IS International Fund, <br>Class 2 | American Funds IS International Fund, <br>Class 4 | American Funds IS International Growth and Income Fund, <br>Class 2 | American Funds IS International Growth and Income Fund, <br>Class 4 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(1495776) | $35722 | $35958 | $51366 | $255385 | $23199 | $54705 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 20706888 | 4111612 | 21030536 | 84227 | 4568 | 5099 | 3545 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 20514460 | (475978) | (1386465) | 2141296 | 7215457 | 331328 | 704474 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 39725572 | 3671356 | 19680029 | 2276889 | 7475410 | 359626 | 762724 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 79956502 | 17753 | 40377964 | 132590 | 14765253 | 900 | 1143377 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (2943608) | (89742) | (1724747) | (31228) | (523823) | (5543) | (32935) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (14037987) | (800275) | (5242587) | (644060) | (431801) | (26437) | (115994) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 7021518 | (806762) | 8655222 | (145816) | 3126712 | 23619 | 97958 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 69996425 | (1679026) | 42065852 | (688514) | 16936341 | (7461) | 1092406 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 109721997 | 1992330 | 61745881 | 1588375 | 24411751 | 352165 | 1855130 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 169203843 | 22362359 | 93467987 | 9102749 | 21039661 | 1055700 | 1755732 |
| &nbsp;&nbsp;&nbsp;End of period | $278925840 | $24354689 | $155213868 | $10691124 | $45451412 | $1407865 | $3610862 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS New World Fund, <br>Class 2 | American Funds IS New World Fund, <br>Class 4 | American Funds IS The Bond Fund of America, <br>Class 2 | American Funds IS The Bond Fund of America, <br>Class 4 | American Funds IS U.S. Government Securities Fund, <br>Class 2 | American Funds IS U.S. Government Securities Fund, <br>Class 4 | American Funds IS Washington Mutual Investors Fund, <br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $30833 | $8819 | $1569700 | $5718843 | $143427 | $1049576 | $277880 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 632207 | 113285 | 26098 | (265116) | 2730 | (120309) | 3876511 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 1782718 | 518150 | 1165135 | 2653098 | 125268 | 596255 | 2781523 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 2445758 | 640254 | 2760933 | 8106825 | 271425 | 1525522 | 6935914 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 110721 | 1215786 | 217384 | 51129439 | 14083 | 5614935 | 746869 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (34547) | (12619) | (438673) | (2278858) | (15883) | (421753) | (171483) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (1090695) | (31751) | (2213517) | (4923580) | (243504) | (1720396) | (3959380) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (403966) | (9795) | 2715807 | 28703686 | 185357 | 11629617 | (1137295) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1418487) | 1161621 | 281001 | 72630687 | (59947) | 15102403 | (4521289) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 1027271 | 1801875 | 3041934 | 80737512 | 211478 | 16627925 | 2414625 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 9617323 | 1702638 | 42434884 | 102598006 | 3955138 | 17189407 | 45157785 |
| &nbsp;&nbsp;&nbsp;End of period | $10644594 | $3504513 | $45476818 | $183335518 | $4166616 | $33817332 | $47572410 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Washington Mutual Investors Fund, <br>Class 4 | BlackRock 60/40 Target Allocation ETF V.I. Fund, <br>Class III | BlackRock Advantage SMID Cap V.I. Fund, <br>Class III | BlackRock Global Allocation V.I. Fund, <br>Class III | BlackRock International V.I. Fund, <br>Class I | Calvert VP SRI Balanced Portfolio, <br>Class I | ClearBridge Variable Dividend Strategy Portfolio, <br>Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $439127 | $502430 | $35373 | $2347995 | $27611 | $2236 | $2660 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 4382823 | 1450297 | 539615 | 6852559 | 5224 | 55628 | 48150 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 5079395 | 2086303 | (229651) | 858682 | 349452 | 26840 | (9311) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 9901345 | 4039030 | 345337 | 10059236 | 382287 | 84704 | 41499 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 26589008 | 8637884 | 2097102 | 13756096 | 642413 |  | 19241 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (942823) | (413363) | (52628) | (910378) | (32717) | (229) | (3161) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (1208319) | (1275093) | (74860) | (1727733) | (27525) | (70110) | (97856) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 628727 | (577715) | 89557 | 3679691 | 35455 | 316 | (58182) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 25066593 | 6371713 | 2059171 | 14797676 | 617626 | (70023) | (139958) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 34967938 | 10410743 | 2404508 | 24856912 | 999913 | 14681 | (98459) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 49369148 | 23761175 | 2307000 | 46463825 | 2122506 | 859404 | 506993 |
| &nbsp;&nbsp;&nbsp;End of period | $84337086 | $34171918 | $4711508 | $71320737 | $3122419 | $874085 | $408534 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | ClearBridge Variable Large Cap Growth Portfolio, <br>Class II | ClearBridge Variable Mid Cap Portfolio, <br>Class II | ClearBridge Variable Small Cap Growth Portfolio, <br>Class II | Columbia VP Balanced Fund, <br>Class 2 | Columbia VP Emerging Markets Bond Fund, <br>Class 2 | Columbia VP Intermediate Bond Fund, <br>Class 2 | Columbia VP Limited Duration Credit Fund, <br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(12933) | $(407008) | $(177748) | $(104822) | $68169 | $115987 | $78248 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 140708 | 4484191 | 1243073 | 82615 | 11473 | 10029 | 1253 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (68055) | (3991496) | 16154 | 1675089 | 95861 | 80538 | (7902) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 59720 | 85687 | 1081479 | 1652882 | 175503 | 206554 | 71599 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 217599 | 401600 | 164906 | 3679892 | 401660 | 345432 | 333817 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (5057) | (464983) | (178056) | (222586) | (27531) | (19684) | (15999) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (275184) | (5323612) | (2058307) | (708250) | (249490) | (543849) | (114357) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 78253 | 975688 | 9097 | 244858 | 66868 | 386571 | 440483 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 15611 | (4411307) | (2062360) | 2993914 | 191507 | 168470 | 643944 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 75331 | (4325620) | (980881) | 4646796 | 367010 | 375024 | 715543 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1024902 | 44855264 | 19336789 | 10997601 | 1234284 | 2552384 | 1233575 |
| &nbsp;&nbsp;&nbsp;End of period | $1100233 | $40529644 | $18355908 | $15644397 | $1601294 | $2927408 | $1949118 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Columbia VP Select Mid Cap Value Fund, <br>Class 2 | Columbia VP Seligman Global Technology Fund, <br>Class 2 | Columbia VP Strategic Income Fund, <br>Class 2 | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(11968) | $(102795) | $1475045 | $11214 | $122374 | $52174 | $46705 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 10638 | 946251 | 4872 | 57857 | 537 | 26754 | 79382 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 197450 | 1828731 | 881010 | 58967 | (6186) | 214461 | 330681 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 196120 | 2672187 | 2360927 | 128038 | 116725 | 293389 | 456768 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 136027 | 386996 | 11314962 | 254993 | 1325849 | 254957 | 97926 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (7389) | (48887) | (639095) | (3616) | (2235) | (6348) | (3625) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (24770) | (120774) | (1576655) | (5158) | (89797) | (60000) | (69106) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 22125 | 16650 | 6989687 | (57462) | 34059 | (4640) | (116549) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 125993 | 233985 | 16088899 | 188757 | 1267876 | 183969 | (91354) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 322113 | 2906172 | 18449826 | 316795 | 1384601 | 477358 | 365414 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1405272 | 7599297 | 30941996 | 355246 | 1889118 | 1923290 | 1303005 |
| &nbsp;&nbsp;&nbsp;End of period | $1727385 | $10505469 | $49391822 | $672041 | $3273719 | $2400648 | $1668419 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Dimensional VA International Value Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Fidelity VIP Asset Manager 50% Portfolio, Service <br>Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service <br>Class 2 | Fidelity VIP Balanced Portfolio, Service <br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $87550 | $101348 | $95673 | $44825 | $63557 | $468842 | $972352 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 90175 | 1132 | 348661 | 237800 | 114353 | 977480 | 4603683 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 597263 | (2073) | 333220 | (26867) | 185247 | 4297221 | 8750589 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 774988 | 100407 | 777554 | 255758 | 363157 | 5743543 | 14326624 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 161400 | 105246 | 1327143 | 558028 | 1494889 | 12512708 | 34930844 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (3680) | (5816) | (6763) | (5204) | (47081) | (669074) | (1560651) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (121087) | (121833) | (289484) | (184369) | (75070) | (648159) | (3686769) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (208645) | 38595 | 22393 | 52166 | (29441) | 2258892 | 5433818 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (172012) | 16192 | 1053289 | 420621 | 1343297 | 13454367 | 35117242 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 602976 | 116599 | 1830843 | 676379 | 1706454 | 19197910 | 49443866 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1814192 | 2498819 | 4453965 | 2351791 | 2093776 | 24405109 | 78833062 |
| &nbsp;&nbsp;&nbsp;End of period | $2417168 | $2615418 | $6284808 | $3028170 | $3800230 | $43603019 | $128276928 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Bond Index Portfolio, Service <br>Class 2 | Fidelity VIP Contrafund Portfolio, Service <br>Class 2 | Fidelity VIP Disciplined Small Cap Portfolio, Service <br>Class 2 | Fidelity VIP Emerging Markets Portfolio, Service <br>Class 2 | Fidelity VIP Energy Portfolio, Service <br>Class 2 | Fidelity VIP Equity-Income Portfolio, Service <br>Class 2 | Fidelity VIP Extended Market Index Portfolio, Service <br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $450070 | $(2703243) | $(267) | $136 | $16599 | $23542 | $2774 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1956 | 71148964 | 3669 | 1307 | 4494 | 447870 | (943) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 425594 | (24472254) | 9559 | 10043 | 76608 | 335079 | 88282 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 877620 | 43973467 | 12961 | 11486 | 97701 | 806491 | 90113 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 6435721 | 11216872 | 31839 | 10000 | 74372 | 19548 | 10269 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (228188) | (2672259) | (119) | (141) | (2468) | (41198) | (4426) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (141856) | (35273457) | (143) |  | (187610) | (958338) | (13118) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 1732589 | (15209774) | 3370 | (3164) | 527389 | (79218) | 120446 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 7798266 | (41938618) | 34947 | 6695 | 411683 | (1059206) | 113171 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 8675886 | 2034849 | 47908 | 18181 | 509384 | (252715) | 203284 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 11258555 | 285795546 | 44041 | 29721 | 1002635 | 5022727 | 708270 |
| &nbsp;&nbsp;&nbsp;End of period | $19934441 | $287830395 | $91949 | $47902 | $1512019 | $4770012 | $911554 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Freedom 2015 Portfolio, Service <br>Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service <br>Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service <br>Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service <br>Class 2 | Fidelity VIP FundsManager 85% Portfolio, Service <br>Class 2 | Fidelity VIP Growth & Income Portfolio, Service <br>Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service <br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $24178 | $42685 | $66191 | $69174 | $6708 | $5276 | $(101) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 52006 | 133258 | (18048) | 12718 | 11337 | 100670 | 339 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 77555 | 115326 | 98850 | 429338 | 66350 | 48653 | 7397 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 153739 | 291269 | 146993 | 511230 | 84395 | 154599 | 7635 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 656079 | 836 | 941879 | 1241756 | 45581 | 500927 | 21654 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (6833) | (10696) | (27693) | (69792) | (6837) | (8376) | (228) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (1187467) | (121578) | (300041) | (9395) |  | (18768) |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (1647) | 25023 | 459005 | 450671 | 464109 | (14210) | 2 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (539868) | (106415) | 1073150 | 1613240 | 502853 | 459573 | 21428 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (386129) | 184854 | 1220143 | 2124470 | 587248 | 614172 | 29063 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1568469 | 2456684 | 1467711 | 2617412 | 370758 | 537688 | 19210 |
| &nbsp;&nbsp;&nbsp;End of period | $1182340 | $2641538 | $2687854 | $4741882 | $958006 | $1151860 | $48273 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Growth Portfolio, Service <br>Class 2 | Fidelity VIP Health Care Portfolio, Service <br>Class 2 | Fidelity VIP High Income Portfolio, Service <br>Class 2 | Fidelity VIP Index 500 Portfolio, Service <br>Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service <br>Class 2 | Fidelity VIP International Index Portfolio, Service <br>Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service <br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(65333) | $(18122) | $42115 | $85964 | $1279 | $95726 | $7081108 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 965842 | 189396 | (832) | 121266745 | 10434 | 4962 | (2779773) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (51253) | 221224 | 6318 | (39834399) | 93170 | 983893 | 11719946 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 849256 | 392498 | 47601 | 81518310 | 104883 | 1084581 | 16021281 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 2127927 | 391431 | 479498 | 36827037 | 10656 | 1391022 | 17650483 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (39330) | (28269) | (6988) | (4144579) | (919) | (52025) | (3702143) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (596648) | (101675) | (31221) | (99312306) | (33872) | (61919) | (32709030) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (336037) | 126160 | (33246) | (18611835) | (45) | 259366 | 18270944 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 1155912 | 387647 | 408043 | (85241683) | (24180) | 1536444 | (489746) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 2005168 | 780145 | 455644 | (3723373) | 80703 | 2621025 | 15531535 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 4939322 | 2380048 | 225706 | 703327621 | 617469 | 2782133 | 271784047 |
| &nbsp;&nbsp;&nbsp;End of period | $6944490 | $3160193 | $681350 | $699604248 | $698172 | $5403158 | $287315582 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Mid Cap Portfolio, Service <br>Class 2 | Fidelity VIP Strategic Income Portfolio, Service <br>Class 2 | Fidelity VIP Target Volatility Portfolio, Service <br>Class 2 | Fidelity VIP Technology Portfolio, Initial <br>Class | Fidelity VIP Total Market Index Portfolio, Service <br>Class 2 | Fidelity VIP Utilities Portfolio, Initial <br>Class | Fidelity VIP Value Strategies Portfolio, Service <br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(1328849) | $20085 | $93373 | $(234384) | $18667 | $4586 | $2451 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 18277127 | 1865 | 3953 | 2195413 | 14701 | 17833 | 75063 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (2859180) | 26175 | (53995) | 6022562 | 970217 | 26418 | 67723 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 14089098 | 48125 | 43331 | 7983591 | 1003585 | 48837 | 145237 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 2883175 | 857147 | 130369 | 16794506 | 895687 | 92205 | 103308 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (1890932) | (6999) | (6345) | (558283) | (64178) | (1988) | (9506) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (26388870) | (552) | (754) | (328395) | (75981) | (3089) | (37744) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 118222 | (369896) | (123458) | 179874 | 364767 | (14613) | 215420 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (25278405) | 479700 | (188) | 16087702 | 1120295 | 72515 | 271478 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (11189307) | 527825 | 43143 | 24071293 | 2123880 | 121352 | 416715 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 206389612 | 370193 | 405992 | 24476950 | 5420065 | 309594 | 1713666 |
| &nbsp;&nbsp;&nbsp;End of period | $195200305 | $898018 | $449135 | $48548243 | $7543945 | $430946 | $2130381 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | First Trust Multi Income Allocation Portfolio, <br>Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, <br>Class I | Franklin DynaTech VIP Fund, <br>Class 2 | Franklin Income VIP Fund, <br>Class 2 | Franklin Mutual Global Discovery VIP Fund, <br>Class 2 | Franklin Mutual Shares VIP Fund, <br>Class 2 | Franklin Rising Dividends VIP Fund, <br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(140) | $37369 | $(499143) | $7215814 | $31699 | $3850405 | $(371131) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1947 | 17357 | 8479266 | 2844258 | 351755 | 47050396 | 43475893 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 7175 | (24511) | (1053650) | 8591557 | 268241 | (21310753) | (10210131) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 8982 | 30215 | 6926473 | 18651629 | 651695 | 29590048 | 32894631 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 546025 | 3917590 | 2998935 | 39069699 |  | 1313778 | 44247984 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (2335) | (17064) | (393231) | (2212134) | (6667) | (4767717) | (4293779) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (215) | (2908) | (7287427) | (18160760) | (268860) | (53825759) | (34540439) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (148253) | 185979 | (2264320) | 12718362 | (355472) | 8590071 | 12315993 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 395222 | 4083597 | (6946043) | 31415167 | (630999) | (48689627) | 17729759 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 404204 | 4113812 | (19570) | 50066796 | 20696 | (19099579) | 50624390 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | - | - | 58040036 | 157542366 | 3273161 | 409599342 | 334302610 |
| &nbsp;&nbsp;&nbsp;End of period | $404204 | $4113812 | $58020466 | $207609162 | $3293857 | $390499763 | $384927000 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Franklin Small Cap Value VIP Fund, <br>Class 2 | Franklin Small-Mid Cap Growth VIP Fund, <br>Class 2 | Franklin Strategic Income VIP Fund, <br>Class 2 | Franklin U.S. Government Securities VIP Fund, <br>Class 2 | Goldman Sachs VIT Core Fixed Income Fund, Service <br>Class | Goldman Sachs VIT International Equity Insights Fund, Institutional <br>Class | Goldman Sachs VIT International Equity Insights Fund, Service <br>Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $38269 | $(311606) | $213211 | $6310809 | $715050 | $263957 | $397681 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 4991886 | 2736012 | (17431) | (7635839) | (202463) | 1779804 | 5223902 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (1000534) | (2592417) | 138745 | 16654349 | 1136722 | 3490855 | 3425773 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 4029621 | (168011) | 334525 | 15329319 | 1649309 | 5534616 | 9047356 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 13294675 | 558132 | 27438 | 1044799 | 1478720 | 228347 | 208349 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (748004) | (243659) | (14981) | (3840683) | (318136) | (61904) | (362750) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (4424663) | (3422355) | (308896) | (41604811) | (3837430) | (2580058) | (3893805) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 4180192 | 752420 | 78762 | 5518417 | 1315982 | (968127) | (924431) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 12302200 | (2355462) | (217677) | (38882278) | (1360864) | (3381742) | (4972637) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 16331821 | (2523473) | 116848 | (23552959) | 288445 | 2152874 | 4074719 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 54552613 | 33024230 | 5568341 | 293298359 | 26972121 | 16298577 | 26749352 |
| &nbsp;&nbsp;&nbsp;End of period | $70884434 | $30500757 | $5685189 | $269745400 | $27260566 | $18451451 | $30824071 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Goldman Sachs VIT Large Cap Value Fund, Institutional <br>Class | Goldman Sachs VIT Large Cap Value Fund, Service <br>Class | Goldman Sachs VIT Mid Cap Growth Fund, Service <br>Class | Goldman Sachs VIT Mid Cap Value Fund, Institutional <br>Class | Goldman Sachs VIT Mid Cap Value Fund, Service <br>Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional <br>Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service <br>Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(22595) | $(154402) | $(477251) | $12146 | $(44520) | $(89719) | $(29631) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 4058548 | 9001548 | 7981064 | 610629 | 12076403 | 1571117 | 1158913 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (1289629) | (2580230) | (5128089) | (173069) | (6883077) | 961949 | 239044 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 2746324 | 6266916 | 2375724 | 449706 | 5148806 | 2443347 | 1368326 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 323190 | 128965 | 1618235 | 28715 | 1444746 | 173723 | 44239 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (36918) | (917166) | (484950) | (6585) | (1113616) | (25508) | (120053) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (4073785) | (10113860) | (5659802) | (545169) | (11660548) | (2778016) | (1164449) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (252679) | 642051 | (1865745) | (160629) | (87690) | (346156) | (263800) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (4040192) | (10260010) | (6392262) | (683668) | (11417108) | (2975957) | (1504063) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (1293868) | (3993094) | (4016538) | (233962) | (6268302) | (532610) | (135737) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 30833036 | 74674468 | 46783425 | 5622494 | 94164170 | 18431520 | 9613975 |
| &nbsp;&nbsp;&nbsp;End of period | $29539168 | $70681374 | $42766887 | $5388532 | $87895868 | $17898910 | $9478238 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Goldman Sachs VIT Strategic Growth Fund, Institutional <br>Class | Goldman Sachs VIT Strategic Growth Fund, Service <br>Class | Goldman Sachs VIT Trend Driven Allocation Fund, Service <br>Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional <br>Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service <br>Class | Guggenheim Floating Rate Strategies Series | Guggenheim Global Managed Futures Strategy Fund |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(377486) | $(1675448) | $154303 | $(160246) | $(4500) | $215003 | $903 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 6002409 | 45524198 | 769546 | 3507737 | 92722 | (28534) | (25611) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (688207) | (20808399) | (428307) | (45640) | (4443) | (120931) | 24794 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 4936716 | 23040351 | 495542 | 3301851 | 83779 | 65538 | 86 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 127824 | 19166147 | 548643 | 156394 | 819 |  |  |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (33998) | (2266106) | (106458) | (7648) | (8722) | (1901) | (65) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (3963728) | (18618400) | (555748) | (3405777) | (55163) | (903061) | (77944) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (892197) | (10505732) | (112487) | (217534) | (25048) | 60243 | 2382 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (4762099) | (12224091) | (226050) | (3474565) | (88114) | (844719) | (75627) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 174617 | 10816260 | 269492 | (172714) | (4335) | (779181) | (75541) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 32932064 | 176199379 | 6014631 | 26029890 | 639276 | 2970194 | 201828 |
| &nbsp;&nbsp;&nbsp;End of period | $33106681 | $187015639 | $6284123 | $25857176 | $634941 | $2191013 | $126287 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Guggenheim Multi-Hedge Strategies Fund | Invesco V.I. American Franchise Fund, Series I | Invesco V.I. American Franchise Fund, Series II | Invesco V.I. American Value Fund, Series II | Invesco V.I. Balanced-Risk Allocation Fund, Series II | Invesco V.I. Comstock Fund, Series I | Invesco V.I. Comstock Fund, Series II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $2107 | $(75780) | $(27299) | $(452943) | $2281508 | $95957 | $562926 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (5439) | 897941 | 431292 | 12624159 | (1527704) | 2835990 | 19177459 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 550 | (163514) | (133633) | (1689006) | 2258215 | 155280 | (1297553) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | (2782) | 658647 | 270360 | 10482210 | 3012019 | 3087227 | 18442832 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 66252 | 47927 | 35486 | 316090 | 1060537 | 255913 | 1940834 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (125) | (976) | (8532) | (743375) | (779219) | (2946) | (1175099) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (195582) | (617420) | (223562) | (9745276) | (6534615) | (2918957) | (17175806) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (551) | (149254) | (47592) | (4190810) | (37753) | (177495) | (1077213) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (130006) | (719723) | (244200) | (14363371) | (6291050) | (2843485) | (17487284) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (132788) | (61076) | 26160 | (3881161) | (3279031) | 243742 | 955548 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 322569 | 6771616 | 2795819 | 70442713 | 45406274 | 20991583 | 136876809 |
| &nbsp;&nbsp;&nbsp;End of period | $189781 | $6710540 | $2821979 | $66561552 | $42127243 | $21235325 | $137832357 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Discovery Large Cap Fund, Series I | Invesco V.I. Discovery Large Cap Fund, Series II | Invesco V.I. Discovery Mid Cap Growth Fund, Series I | Invesco V.I. Discovery Mid Cap Growth Fund, Series II | Invesco V.I. Equity and Income Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. Global Fund, Series I |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(114012) | $(441454) | $(44300) | $(281023) | $2728133 | $134762 | $(80906) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1328590 | 15262060 | 345649 | 3805340 | 19726164 | 2472063 | 1306805 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (320086) | (11584061) | (187714) | (2759112) | 3496361 | 1044013 | (383517) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 894492 | 3236545 | 113635 | 765205 | 25950658 | 3650838 | 842382 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 74938 | 94166 | 5506 | 180659 | 20495807 | 123011 | 143 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (1636) | (519139) | (610) | (242945) | (3483977) | (414542) | (877) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (832148) | (6499168) | (419899) | (3357385) | (23614157) | (6749877) | (477891) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (83911) | (1693715) | 18176 | (248890) | 6837386 | 17160274 | (61360) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (842757) | (8617856) | (396827) | (3668561) | 235059 | 10118866 | (539985) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 51735 | (5381311) | (283192) | (2903356) | 26185717 | 13769704 | 302397 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 8546367 | 52823980 | 3371604 | 29746200 | 257113007 | 28192210 | 6454631 |
| &nbsp;&nbsp;&nbsp;End of period | $8598102 | $47442669 | $3088412 | $26842844 | $283298724 | $41961914 | $6757028 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Global Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Strategic Income Fund, Series I | Invesco V.I. Global Strategic Income Fund, Series II | Invesco V.I. Government Securities Fund, Series II | Invesco V.I. Growth and Income Fund, Series I | Invesco V.I. Growth and Income Fund, Series II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(2153995) | $76914 | $185502 | $7752429 | $2109381 | $46839 | $644226 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 47111081 | (250169) | (34631) | (5018002) | (806869) | 2072206 | 37497931 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (21758840) | 219212 | 316353 | 17871002 | 5170640 | 1022165 | (899734) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 23198246 | 45957 | 467224 | 20605429 | 6473152 | 3141210 | 37242423 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 1155166 | 151466 | 51281 | 498283 | 587068 | 455304 | 1343189 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (2319047) | (68379) | (1185) | (2597170) | (1378234) | (3371) | (4906604) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (29355996) | (824946) | (657249) | (26956470) | (15542427) | (3128298) | (53915600) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (7141758) | 3004133 | 23282 | (1663066) | 4756226 | (40619) | (2547446) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (37661635) | 2262274 | (583871) | (30718423) | (11577367) | (2716984) | (60026461) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (14463389) | 2308231 | (116647) | (10112994) | (5104215) | 424226 | (22784038) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 219184800 | 5265293 | 4371851 | 194425535 | 113158434 | 24054525 | 413050150 |
| &nbsp;&nbsp;&nbsp;End of period | $204721411 | $7573524 | $4255204 | $184312541 | $108054219 | $24478751 | $390266112 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Main Street Fund, Series I | Invesco V.I. Main Street Fund, Series II | Invesco V.I. Main Street Mid Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. U.S. Government Money Portfolio, Series I | Janus Henderson VIT Balanced Portfolio, Service Shares |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(46396) | $(559079) | $(13522) | $(115453) | $(139756) | $12161927 | $217622 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 526089 | 9051696 | 304867 | 3174646 | 1254874 |  | 795583 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 347925 | 3443806 | (68520) | (799645) | (243192) | - | 2585677 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 827618 | 11936423 | 222825 | 2259548 | 871926 | 12161927 | 3598882 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 46001 | 562435 | 1805179 | 13015111 | 615710 | 8487932 | 15455793 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (753) | (1065419) | (42256) | (414419) | (95642) | (7459173) | (395370) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (860774) | (12549345) | (136634) | (325111) | (2075109) | (96903810) | (1256047) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (227541) | (3556096) | 322970 | 3020996 | 261254 | 18896379 | 2817646 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1043067) | (16608425) | 1949259 | 15296577 | (1293787) | (76978672) | 16622022 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (215449) | (4672002) | 2172084 | 17556125 | (421861) | (64816745) | 20220904 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 6405361 | 95962659 | 1372848 | 18333745 | 17087194 | 271634122 | 18184494 |
| &nbsp;&nbsp;&nbsp;End of period | $6189912 | $91290657 | $3544932 | $35889870 | $16665333 | $206817377 | $38405398 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Forty Portfolio, Service Shares | Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Lord Abbett Series Fund Bond Debenture Portfolio, <br>Class VC | Lord Abbett Series Fund Dividend Growth Portfolio, <br>Class VC |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(7102) | $(95154) | $915 | $(91487) | $8944 | $24441617 | $(347482) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 69888 | 1051048 | 165 | 667114 | (245) | (4193495) | 10796987 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 4858 | 416295 | 957 | 1133258 | 880826 | 14245900 | 2628822 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 67644 | 1372189 | 2037 | 1708885 | 889525 | 34494022 | 13078327 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 507041 | 4596639 | 19729 | 4317526 | 2768615 | 30566892 | 1540753 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (15629) | (109067) | (90) | (93221) | (47872) | (6770904) | (951535) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (3335) | (260067) |  | (253033) | (56693) | (59080606) | (12826413) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 142800 | 366415 | (779) | 179059 | (152465) | 12009398 | (2249311) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 630877 | 4593920 | 18860 | 4150331 | 2511585 | (23275220) | (14486506) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 698521 | 5966109 | 20897 | 5859216 | 3401110 | 11218802 | (1408179) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 528144 | 5306787 | 10337 | 4968519 | 2249507 | 494003517 | 101159630 |
| &nbsp;&nbsp;&nbsp;End of period | $1226665 | $11272896 | $31234 | $10827735 | $5650617 | $505222319 | $99751451 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Lord Abbett Series Fund Fundamental Equity Portfolio, <br>Class VC | Lord Abbett Series Fund Growth and Income Portfolio, <br>Class VC | Lord Abbett Series Fund Growth Opportunities Portfolio, <br>Class VC | Lord Abbett Series Fund Mid Cap Stock Portfolio, <br>Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, <br>Class VC | LVIP American Century Balanced Fund, Standard <br>Class II | LVIP American Century Disciplined Core Value Fund, Standard <br>Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(734439) | $(275224) | $(490303) | $(259155) | $561093 | $8673 | $147 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 15792190 | 7698657 | 12711187 | 3594565 | 7698 | 550 | 8 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (3802799) | 506180 | (9665487) | (1080562) | 45005 | 52752 | 1697 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 11254952 | 7929613 | 2555397 | 2254848 | 613796 | 61975 | 1852 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 303031 | 346391 | 560751 | 191632 | 3996963 | 9900 |  |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (1589649) | (279614) | (632827) | (217552) | (158789) | (14254) | (117) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (16869321) | (8009472) | (7408240) | (5487250) | (377212) | (10610) |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (2251221) | (1408518) | (3778294) | 437625 | 1519615 | 14554 | 274 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (20407160) | (9351213) | (11258610) | (5075545) | 4980577 | (410) | 157 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (9152208) | (1421600) | (8703213) | (2820697) | 5594373 | 61565 | 2009 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 130240385 | 55816353 | 59750716 | 43607198 | 9657182 | 700390 | 12897 |
| &nbsp;&nbsp;&nbsp;End of period | $121088177 | $54394753 | $51047503 | $40786501 | $15251555 | $761955 | $14906 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | LVIP American Century International Fund, Standard <br>Class II | LVIP American Century Ultra Fund, Standard <br>Class II | MFS VIT Growth Series, Initial <br>Class | MFS VIT Growth Series, Service <br>Class | MFS VIT II Core Equity Portfolio, Service <br>Class | MFS VIT II Emerging Markets Equity Portfolio, Service <br>Class | MFS VIT II International Growth Portfolio, Service <br>Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $65 | $(1265) | $(87389) | $(477432) | $(19506) | $1883 | $3329 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 334 | 9888 | 1354291 | 13101310 | 513151 | 5925 | 258916 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 39499 | 2917 | (586440) | (6981174) | 36421 | 50466 | 461496 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 39898 | 11540 | 680462 | 5642704 | 530066 | 58274 | 723741 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 30567 | 7876 | 6300624 | 2228293 |  | 2133270 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (1222) | (322) | (1401) | (470461) | (70393) | (524) | (64453) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  | (750231) | (5714374) | (10046) | (37568) | (82015) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | - | (2813) | (159840) | (1159711) | 456492 | (58409) | 296928 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1222) | 27432 | (903596) | (1043922) | 2604346 | (96501) | 2283730 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 38676 | 38972 | (223134) | 4598782 | 3134412 | (38227) | 3007471 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 273731 | 102011 | 6652614 | 50341704 | 2919207 | 230283 | 2835158 |
| &nbsp;&nbsp;&nbsp;End of period | $312407 | $140983 | $6429480 | $54940486 | $6053619 | $192056 | $5842629 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT II International Intrinsic Value Portfolio, Service <br>Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial <br>Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service <br>Class | MFS VIT II Research International Portfolio, Service <br>Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service <br>Class | MFS VIT III Global Real Estate Portfolio, Service <br>Class | MFS VIT III Mid Cap Value Portfolio, Service <br>Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $82668 | $(17134) | $(246793) | $5966 | $47 | $118 | $3694 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2414527 | 250430 | 4833830 | 83 | 13297 | (79) | 153460 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 2373643 | (99855) | (2112043) | 144723 | (5386) | 6876 | (63817) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 4870838 | 133441 | 2474994 | 150772 | 7958 | 6915 | 93337 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 1849072 | 21343 | 620454 | 487776 | 121808 | 31204 | 500511 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (70920) | (270) | (364290) | (5589) | (828) | (1454) | (9704) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (2709961) | (169416) | (3874665) | (1553) | (712) |  | (57391) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (1032554) | (80672) | 553424 | 88070 | 22384 | 13913 | 300667 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1964363) | (229015) | (3065077) | 568704 | 142652 | 43663 | 734083 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 2906475 | (95574) | (590083) | 719476 | 150610 | 50578 | 827420 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 16119122 | 1681340 | 30022119 | 562458 | 55794 | 310643 | 1244374 |
| &nbsp;&nbsp;&nbsp;End of period | $19025597 | $1585766 | $29432036 | $1281934 | $206404 | $361221 | $2071794 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT Investors Trust Series, Initial <br>Class | MFS VIT Investors Trust Series, Service <br>Class | MFS VIT Mid Cap Growth Series, Service <br>Class | MFS VIT New Discovery Series, Initial <br>Class | MFS VIT New Discovery Series, Service <br>Class | MFS VIT Research Series, Initial <br>Class | MFS VIT Research Series, Service <br>Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $12214 | $(189034) | $(11353) | $(27433) | $(450574) | $(19885) | $(26273) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2124388 | 17141695 | 342346 | (43976) | 685906 | 1341644 | 873795 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (1589904) | (12800161) | (301981) | 279389 | 4273085 | (766956) | (506795) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 546698 | 4152500 | 29012 | 207980 | 4508417 | 554803 | 340727 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 55179 | 48086 | 715484 |  | 246000 | 1829 | 47881 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (999) | (311344) | (10589) | (458) | (463572) | (1180) | (17477) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (538875) | (5566221) | (2789) | (132748) | (5733748) | (351467) | (529488) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (21859) | (550478) | 43199 | (17333) | 82810 | (47082) | (46958) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (506554) | (6379957) | 745305 | (150539) | (5868510) | (397900) | (546042) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 40144 | (2227457) | 774317 | 57441 | (1360093) | 156903 | (205315) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 4797718 | 37730693 | 1334295 | 1961325 | 41924811 | 5224102 | 3237668 |
| &nbsp;&nbsp;&nbsp;End of period | $4837862 | $35503236 | $2108612 | $2018766 | $40564718 | $5381005 | $3032353 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT Total Return Bond Series, Service <br>Class | MFS VIT Total Return Series, Initial <br>Class | MFS VIT Total Return Series, Service <br>Class | MFS VIT Utilities Series, Initial <br>Class | MFS VIT Utilities Series, Service <br>Class | MFS VIT Value Series, Service <br>Class | Morgan Stanley VIF Global Strategist Portfolio, <br>Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $8118519 | $179939 | $575496 | $28392 | $252347 | $386029 | $(5538) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (3287272) | 1197450 | 3314264 | 81706 | 853719 | 13972701 | 17353 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 9902615 | (217250) | (357538) | 94414 | 939214 | (442260) | 54509 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 14733862 | 1160139 | 3532222 | 204512 | 2045280 | 13916470 | 66324 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 1155106 | 179190 | 1079490 | 32308 | 81589 | 605330 | 161508 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (3279902) | (2845) | (260503) | (318) | (163120) | (1154296) | (6783) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (37066427) | (2108023) | (5240019) | (178171) | (2041540) | (18592773) | (1425) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 5406863 | 40018 | 978324 | (162670) | (361998) | 601914 | (22519) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (33784360) | (1891660) | (3442708) | (308851) | (2485069) | (18539825) | 130781 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (19050498) | (731521) | 89514 | (104339) | (439789) | (4623355) | 197105 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 269144202 | 12972417 | 37796672 | 1657510 | 16271459 | 130581091 | 399605 |
| &nbsp;&nbsp;&nbsp;End of period | $250093704 | $12240896 | $37886186 | $1553171 | $15831670 | $125957736 | $596710 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Morgan Stanley VIF Growth Portfolio, <br>Class II | PIMCO VIT All Asset Portfolio, Advisor <br>Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor <br>Class | PIMCO VIT Global Diversified Allocation Portfolio, Advisor <br>Class | PIMCO VIT High Yield Portfolio, Advisor <br>Class | PIMCO VIT Income Portfolio, Advisor <br>Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor <br>Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(2610) | $135123 | $113 | $241369 | $43851 | $171639 | $343980 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 9818 | (76814) | (133) | (53727) | 2411 | (811) | (1646201) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 24383 | 320368 | 843 | 455386 | 20214 | 186010 | 2116162 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 31591 | 378677 | 823 | 643028 | 66476 | 356838 | 813941 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 317284 | 85597 |  | 397032 | 279329 | 2485913 | 292976 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (635) | (55644) | (33) | (87802) | (8115) | (46722) | (227160) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits |  | (479583) | (883) | (475910) | (19759) | (194006) | (3122475) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (120906) | 459312 | - | (106754) | (4441) | 388889 | 323463 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 195743 | 9682 | (916) | (273434) | 247014 | 2634074 | (2733196) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 227334 | 388359 | (93) | 369594 | 313490 | 2990912 | (1919255) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 77987 | 3639658 | 5086 | 4987490 | 762134 | 2836707 | 17473300 |
| &nbsp;&nbsp;&nbsp;End of period | $305321 | $4028017 | $4993 | $5357084 | $1075624 | $5827619 | $15554045 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | PIMCO VIT Low Duration Portfolio, Advisor <br>Class | PIMCO VIT Real Return Portfolio, Advisor <br>Class | PIMCO VIT Short-Term Portfolio, Advisor <br>Class | PIMCO VIT Total Return Portfolio, Advisor <br>Class | Protective Life Dynamic Allocation Series Conservative Portfolio | Protective Life Dynamic Allocation Series Growth Portfolio | Protective Life Dynamic Allocation Series Moderate Portfolio |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $3251342 | $4215998 | $3020636 | $16489232 | $448605 | $111761 | $8243535 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (654405) | (3527584) | 41785 | (12145957) | 2334966 | 7307122 | 58091573 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 2290093 | 12092605 | 43960 | 36819109 | 781747 | (2529891) | 12181383 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 4887030 | 12781019 | 3106381 | 41162384 | 3565318 | 4888992 | 78516491 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 2374673 | 2659566 | 9030955 | 13700326 | 651803 | 651598 | 3358650 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (1480922) | (3019414) | (1272630) | (7567237) | (655954) | (213755) | (13263592) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (16098257) | (26922193) | (10669721) | (75945078) | (5982889) | (12232750) | (48650130) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 4733997 | (411608) | 7664856 | 10735311 | 2511835 | (782219) | (1265107) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (10470509) | (27693649) | 4753460 | (59076678) | (3475205) | (12577126) | (59820179) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (5583479) | (14912630) | 7859841 | (17914294) | 90113 | (7688134) | 18696312 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 116941073 | 204510967 | 84981727 | 568259434 | 37656420 | 40535097 | 700424169 |
| &nbsp;&nbsp;&nbsp;End of period | $111357594 | $189598337 | $92841568 | $550345140 | $37746533 | $32846963 | $719120481 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Royce Capital Fund Micro-Cap Portfolio, Service <br>Class | Royce Capital Fund Small-Cap Portfolio, Service <br>Class | Rydex Commodities Strategy Fund | Rydex Inverse Government Long Bond Strategy Fund | T. Rowe Price All-Cap Opportunities Portfolio | T. Rowe Price Blue Chip Growth Portfolio, <br>Class II | T. Rowe Price Health Sciences Portfolio, <br>Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(119609) | $943464 | $293 | $547 | $(23809) | $(659345) | $(216198) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2157573 | 6478521 | 34 | 32 | 481354 | 10823181 | 1420404 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (991754) | (1919067) | 67 | (495) | (29063) | 5664579 | 4261372 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 1046210 | 5502918 | 394 | 84 | 428482 | 15828415 | 5465578 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 12238 | 160353 |  |  | 1546106 | 33740358 | 9894605 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (140546) | (1222797) | (5) | (3) | (13626) | (1366014) | (395687) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (1422969) | (13844249) | (244) |  | (89851) | (1697210) | (829025) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (476729) | 6634415 | 595 | 601 | 78370 | 921493 | 6585619 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (2028006) | (8272278) | 346 | 598 | 1520999 | 31598627 | 15255512 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (981796) | (2769360) | 740 | 682 | 1949481 | 47427042 | 20721090 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 13299444 | 116681703 | 9967 | 9300 | 2338189 | 69803363 | 18200496 |
| &nbsp;&nbsp;&nbsp;End of period | $12317648 | $113912343 | $10707 | $9982 | $4287670 | $117230405 | $38921586 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | T. Rowe Price Mid-Cap Growth Portfolio, <br>Class II | T. Rowe Price Moderate Allocation Portfolio | Templeton Developing Markets VIP Fund, <br>Class 2 | Templeton Foreign VIP Fund, <br>Class 2 | Templeton Global Bond VIP Fund, <br>Class 2 | Templeton Growth VIP Fund, <br>Class 2 | VanEck VIP Global Resources Fund, Initial <br>Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(47288) | $479769 | $(42927) | $820072 | $(1672457) | $(117513) | $62 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1115494 | 1469189 | 522171 | 3728245 | (10932754) | 6894982 | 4 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (847775) | 1874912 | 2334064 | 9241512 | 33420310 | 7423427 | 1592 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 220431 | 3823870 | 2813308 | 13789829 | 20815099 | 14200896 | 1658 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 2534205 | 9537977 | 344579 | 199846 | 406368 | 323202 |  |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (101362) | (523013) | (93806) | (661826) | (2239907) | (727094) | (7) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (190835) | (575192) | (1155340) | (8025563) | (23106241) | (9889323) |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 949508 | (261916) | (976270) | 4814488 | 1304948 | (1004221) | (3) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 3191516 | 8177856 | (1880837) | (3673055) | (23634832) | (11297436) | (10) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 3411947 | 12001726 | 932471 | 10116774 | (2819733) | 2903460 | 1648 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 4707313 | 22063757 | 8394980 | 51539481 | 150067263 | 69842326 | 4794 |
| &nbsp;&nbsp;&nbsp;End of period | $8119260 | $34065483 | $9327451 | $61656255 | $147247530 | $72745786 | $6442 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Vanguard VIF Balanced Portfolio | Vanguard VIF Capital Growth Portfolio | Vanguard VIF Conservative Allocation Portfolio | Vanguard VIF Diversified Value Portfolio | Vanguard VIF Equity Income Portfolio | Vanguard VIF Equity Index Portfolio | Vanguard VIF Global Bond Index Portfolio |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $13261 | $3459 | $38303 | $5442 | $28737 | $20690 | $8068 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 68496 | 22844 | 51162 | 35836 | 66057 | 66124 | 611 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 44241 | 90735 | 108835 | 27978 | 106782 | 480443 | 13531 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 125998 | 117038 | 198300 | 69256 | 201576 | 567257 | 22210 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 600803 | 183460 | 54348 |  | 2022874 | 2085023 | 449035 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (5138) | (4368) | (2944) | (2701) | (6411) | (6783) | (556) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (5841) | (5893) | (1464) |  | (662768) | (276922) | (12932) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (5183) | (9141) | 2290 | 14208 | 33203 | (84405) | 21170 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 584641 | 164058 | 52230 | 11507 | 1386898 | 1716913 | 456717 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 710639 | 281096 | 250530 | 80763 | 1588474 | 2284170 | 478927 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 709628 | 254861 | 1598972 | 409810 | 1055100 | 2794902 | 272892 |
| &nbsp;&nbsp;&nbsp;End of period | $1420267 | $535957 | $1849502 | $490573 | $2643574 | $5079072 | $751819 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Vanguard VIF Growth Portfolio | Vanguard VIF High Yield Bond Portfolio | Vanguard VIF International Portfolio | Vanguard VIF Mid-Cap Index Portfolio | Vanguard VIF Moderate Allocation Portfolio | Vanguard VIF Money Market Portfolio | Vanguard VIF Real Estate Index Portfolio |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(4228) | $11091 | $6644 | $15012 | $11407 | $62776 | $15643 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 160480 | 1673 | 76546 | 87758 | 21063 |  | 11484 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 405733 | 3614 | 142570 | 115661 | 74174 | - | (11756) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 561985 | 16378 | 225760 | 218431 | 106644 | 62776 | 15371 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 2287711 | 70366 | 147055 | 2130804 | 742973 | 335714 | 476999 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (10340) | (1006) | (2187) | (5595) | (4547) | (2326) | (1518) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (349408) | (33054) | (134985) | (196308) | (187935) | (40206) | (35689) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (167339) | (5659) | (63012) | (7398) | (8173) | (36797) | 52638 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 1760624 | 30647 | (53129) | 1921503 | 542318 | 256385 | 492430 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 2322609 | 47025 | 172631 | 2139934 | 648962 | 319161 | 507801 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 2424401 | 198200 | 1202292 | 1561390 | 687608 | 1571650 | 634514 |
| &nbsp;&nbsp;&nbsp;End of period | $4747010 | $245225 | $1374923 | $3701324 | $1336570 | $1890811 | $1142315 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Vanguard VIF Short-Term Investment-Grade Portfolio | Vanguard VIF Total Bond Market Index Portfolio | Vanguard VIF Total International Stock Market Index Portfolio | Vanguard VIF Total Stock Market Index Portfolio | Western Asset Core Plus VIT Portfolio, <br>Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $94114 | $113490 | $57909 | $35694 | $136905 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2080 | 594 | 44776 | 240975 | 7889 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 72661 | 193413 | 741944 | 533335 | 141033 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 168855 | 307497 | 844629 | 810004 | 285827 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Contract owners' net payments | 818308 | 4092824 | 2667219 | 3139388 | 156683 |
| &nbsp;&nbsp;&nbsp;Contract maintenance charges | (6567) | (10698) | (12841) | (24236) | (54623) |
| &nbsp;&nbsp;&nbsp;Contract owners' benefits | (309231) | (195570) | (95003) | (93286) | (426001) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 100547 | 147511 | (67570) | (66059) | 55442 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 603057 | 4034067 | 2491805 | 2955807 | (268499) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 771912 | 4341564 | 3336434 | 3765811 | 17328 |
| NET ASSETS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 2482749 | 3496040 | 1919887 | 4224911 | 4565764 |
| &nbsp;&nbsp;&nbsp;End of period | $3254661 | $7837604 | $5256321 | $7990722 | $4583092 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | AB VPS Balanced Hedged Allocation Portfolio,<br>Class B | AB VPS Discovery Value Portfolio,<br>Class B | AB VPS Large Cap Growth Portfolio,<br>Class B | AB VPS Relative Value Portfolio,<br>Class B | AB VPS Small Cap Growth Portfolio,<br>Class B | American Funds IS American Funds Global Balanced Fund,<br>Class 4 | American Funds IS American High-Income Trust,<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(183) | $(2232) | $(354790) | $7666 | $(6072) | $38296 | $48904 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (2) | 62959 | 2516734 | 94539 | 8660 | 215 | 99 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (1532) | 26084 | 6568452 | 137574 | 105135 | (91463) | 17007 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | (1717) | 86811 | 8730396 | 239779 | 107723 | (52952) | 66010 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 55734 | 2690 | 23582127 | 98059 | 213296 | 3855103 | 300 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (183) | (3521) | (707976) | (9992) | (2686) | (21344) | (4140) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits |  | (84973) | (1137330) | (243267) | (16871) | (606) | (1407) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 3750 | (53106) | 7512039 | 550872 | 701 | 466574 | 68585 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 59301 | (138910) | 29248860 | 395672 | 194440 | 4299727 | 63338 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 57584 | (52099) | 37979256 | 635451 | 302163 | 4246775 | 129348 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | - | 1076065 | 28324108 | 2085084 | 471124 | - | 724167 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $57584 | $1023966 | $66303364 | $2720535 | $773287 | $4246775 | $853515 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS American High-Income Trust,<br>Class 4 | American Funds IS Asset Allocation Fund,<br>Class 2 | American Funds IS Asset Allocation Fund,<br>Class 4 | American Funds IS Capital Income Builder,<br>Class 2 | American Funds IS Capital Income Builder,<br>Class 4 | American Funds IS Capital World Bond Fund,<br>Class 2 | American Funds IS Capital World Bond Fund,<br>Class 4 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $251932 | $1105509 | $1373700 | $198385 | $625176 | $6286 | $50695 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 226 | 5971116 | 3610817 | 69182 | 110913 | 322 | 2721 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 10810 | 5930766 | 6028713 | 432564 | 1096979 | (23951) | (153628) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 262968 | 13007391 | 11013230 | 700131 | 1833068 | (17343) | (100212) |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 2501962 | 1148731 | 43269443 | 7078 | 12679759 |  | 1837070 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (57361) | (644125) | (1089580) | (29719) | (350845) | (2312) | (43778) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (6354) | (10559456) | (7055763) | (656059) | (994417) | (6681) | (297560) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 1188986 | (2146233) | 19856732 | 48789 | 3654132 | 20635 | 680389 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 3627233 | (12201083) | 54980832 | (629911) | 14988629 | 11642 | 2176121 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 3890201 | 806308 | 65994062 | 70220 | 16821697 | (5701) | 2075909 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 1540904 | 89463451 | 55461992 | 7613112 | 14355738 | 459639 | 1544221 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $5431105 | $90269759 | $121456054 | $7683332 | $31177435 | $453938 | $3620130 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Capital World Growth and Income Fund,<br>Class 2 | American Funds IS Capital World Growth and Income Fund,<br>Class 4 | American Funds IS Global Growth Fund,<br>Class 2 | American Funds IS Global Growth Fund,<br>Class 4 | American Funds IS Global Small Capitalization Fund,<br>Class 2 | American Funds IS Global Small Capitalization Fund,<br>Class 4 | American Funds IS Growth Fund,<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $58772 | $81548 | $638934 | $735905 | $17812 | $1248 | $(329145) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 154279 | (60109) | 6228300 | 2310598 | 321697 | 94589 | 4696575 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 661779 | 779971 | 4994189 | 3265960 | (227416) | (71507) | 14677355 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 874830 | 801410 | 11861423 | 6312463 | 112093 | 24330 | 19044785 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 117516 | 3530284 | 431197 | 57737038 | 16006 | 1172955 | 666644 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (24416) | (96552) | (1064457) | (1267480) | (30803) | (33574) | (389740) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (751018) | (770602) | (10670393) | (2931597) | (491325) | (148057) | (4686743) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (220691) | 2229305 | (4220272) | 17480307 | (44183) | 456747 | (6496167) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (878609) | 4892435 | (15523925) | 71018268 | (550305) | 1448071 | (10906006) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (3779) | 5693845 | (3662502) | 77330731 | (438212) | 1472401 | 8138779 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 6858779 | 5692542 | 95730211 | 46866316 | 7483896 | 1806793 | 66704901 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $6855000 | $11386387 | $92067709 | $124197047 | $7045684 | $3279194 | $74843680 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Growth Fund,<br>Class 4 | American Funds IS Growth-Income Fund,<br>Class 2 | American Funds IS Growth-Income Fund,<br>Class 4 | American Funds IS International Fund,<br>Class 2 | American Funds IS International Fund,<br>Class 4 | American Funds IS International Growth and Income Fund,<br>Class 2 | American Funds IS International Growth and Income Fund,<br>Class 4 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(783585) | $70918 | $222954 | $32290 | $92364 | $19419 | $28552 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 5219611 | 1222876 | 2921004 | 85810 | 3073 | 5034 | (1026) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 25148827 | 3160654 | 8061855 | 156262 | (527535) | 3924 | (29154) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 29584853 | 4454448 | 11205813 | 274362 | (432098) | 28377 | (1628) |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 65784246 | 1211 | 40484220 | 1293 | 8612319 | 900 | 685156 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (1322316) | (93016) | (740613) | (36302) | (239535) | (5168) | (17836) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (9064427) | (823879) | (3245157) | (720417) | (189403) | (27745) | (24230) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 9262857 | (1116635) | 10740545 | (84878) | 6369979 | 11726 | 282506 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 64660360 | (2032319) | 47238995 | (840304) | 14553360 | (20287) | 925596 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 94245213 | 2422129 | 58444808 | (565942) | 14121262 | 8090 | 923968 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 74958630 | 19940230 | 35023179 | 9668691 | 6918399 | 1047610 | 831764 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $169203843 | $22362359 | $93467987 | $9102749 | $21039661 | $1055700 | $1755732 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS New World Fund,<br>Class 2 | American Funds IS New World Fund,<br>Class 4 | American Funds IS The Bond Fund of America,<br>Class 2 | American Funds IS The Bond Fund of America,<br>Class 4 | American Funds IS U.S. Government Securities Fund,<br>Class 2 | American Funds IS U.S. Government Securities Fund,<br>Class 4 | American Funds IS Washington Mutual Investors Fund,<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $55691 | $8130 | $1435362 | $3152428 | $127813 | $491373 | $340615 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 137799 | 6758 | 21396 | (12142) | 563 | (58969) | 1118811 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 364512 | 25904 | (1270943) | (3132258) | (129554) | (510098) | 5954514 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 558002 | 40792 | 185815 | 8028 | (1178) | (77694) | 7413940 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 65724 | 553436 | 189018 | 47639522 | 18091 | 4807987 | 355235 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (37908) | (5990) | (428327) | (1022559) | (16811) | (175009) | (183420) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (582028) | (12994) | (1420121) | (1736163) | (187698) | (662405) | (3665572) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 102506 | 329784 | 3230798 | 20243728 | 366589 | 5901530 | (1030654) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (451706) | 864236 | 1571368 | 65124528 | 180171 | 9872103 | (4524411) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 106296 | 905028 | 1757183 | 65132556 | 178993 | 9794409 | 2889529 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 9511027 | 797610 | 40677701 | 37465450 | 3776145 | 7394998 | 42268256 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $9617323 | $1702638 | $42434884 | $102598006 | $3955138 | $17189407 | $45157785 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS Washington Mutual Investors Fund,<br>Class 4 | BlackRock 60/40 Target Allocation ETF V.I. Fund,<br>Class III | BlackRock Advantage SMID Cap V.I. Fund,<br>Class III | BlackRock Global Allocation V.I. Fund,<br>Class III | BlackRock International V.I. Fund,<br>Class I | Calvert VP SRI Balanced Portfolio,<br>Class I | ClearBridge Variable Dividend Strategy Portfolio,<br>Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $348746 | $354584 | $21472 | $380576 | $(629) | $1906 | $543 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 335897 | 1374635 | (33) | 3607767 | 2018 | 95021 | 53090 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 3855197 | (224290) | 87415 | (1509956) | (16610) | 50887 | 3469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 4539840 | 1504929 | 108854 | 2478387 | (15221) | 147814 | 57102 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 25130207 | 8715419 | 1540238 | 13340027 | 482639 |  | 33703 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (459278) | (235920) | (20695) | (554737) | (21884) | (345) | (3065) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (654839) | (471075) | (65) | (686557) | (47638) | (486594) | (22684) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 3973900 | 2066486 | 507153 | 4574536 | 308689 | 153 | 68266 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 27989990 | 10074910 | 2026631 | 16673269 | 721806 | (486786) | 76220 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 32529830 | 11579839 | 2135485 | 19151656 | 706585 | (338972) | 133322 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 16839318 | 12181336 | 171515 | 27312169 | 1415921 | 1198376 | 373671 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $49369148 | $23761175 | $2307000 | $46463825 | $2122506 | $859404 | $506993 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | ClearBridge Variable Large Cap Growth Portfolio,<br>Class II | ClearBridge Variable Mid Cap Portfolio,<br>Class II | ClearBridge Variable Small Cap Growth Portfolio,<br>Class II | Columbia VP Balanced Fund,<br>Class 2 | Columbia VP Emerging Markets Bond Fund,<br>Class 2 | Columbia VP Intermediate Bond Fund,<br>Class 2 | Columbia VP Limited Duration Credit Fund,<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(10385) | $(331982) | $(201774) | $(71877) | $38804 | $78691 | $27018 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 86481 | 1992488 | 437326 | 186880 | 4915 | 2658 | 234 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 135728 | 1901248 | 100320 | 914316 | (3921) | (70291) | 7056 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 211824 | 3561754 | 335872 | 1029319 | 39798 | 11058 | 34308 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 153518 | 480998 | 302306 | 3499627 | 555715 | 256412 | 404722 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (4152) | (576111) | (198976) | (135449) | (14809) | (12776) | (8104) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (51002) | (6742787) | (2755581) | (249650) | (1729) | (149314) | (40690) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (90538) | 798026 | 4070769 | 580361 | 154420 | 393733 | 137456 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 7826 | (6039874) | 1418518 | 3694889 | 693597 | 488055 | 493384 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 219650 | (2478120) | 1754390 | 4724208 | 733395 | 499113 | 527692 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 805252 | 47333384 | 17582399 | 6273393 | 500889 | 2053271 | 705883 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $1024902 | $44855264 | $19336789 | $10997601 | $1234284 | $2552384 | $1233575 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Columbia VP Select Mid Cap Value Fund,<br>Class 2 | Columbia VP Seligman Global Technology Fund,<br>Class 2 | Columbia VP Strategic Income Fund,<br>Class 2 | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(10539) | $(55712) | $814650 | $5477 | $83932 | $45547 | $40921 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 20548 | 470529 | 5756 | 5001 | 216 | 30098 | 34360 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 124094 | 579470 | (71558) | 35720 | (3664) | 2749 | (40777) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 134103 | 994287 | 748848 | 46198 | 80484 | 78394 | 34504 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 103960 | 4686941 | 10961531 |  | 401782 | 1229766 | 198102 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (6105) | (28690) | (346077) | (1951) | (6779) | (5075) | (4251) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (129240) | (3086) | (583853) | (4638) | (83771) | (3807) | (46527) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 52455 | 1696761 | 5139534 | (8723) | 92636 | 58273 | 38462 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 21070 | 6351926 | 15171135 | (15312) | 403868 | 1279157 | 185786 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 155173 | 7346213 | 15919983 | 30886 | 484352 | 1357551 | 220290 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 1250099 | 253084 | 15022013 | 324360 | 1404766 | 565739 | 1082715 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $1405272 | $7599297 | $30941996 | $355246 | $1889118 | $1923290 | $1303005 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Dimensional VA International Value Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Fidelity VIP Asset Manager 50% Portfolio, Service<br>Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service<br>Class 2 | Fidelity VIP Balanced Portfolio, Service<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $66387 | $110747 | $76652 | $25779 | $35071 | $311984 | $675182 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 38395 | 2565 | 459243 | 170802 | 8184 | 154084 | 1834880 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (11374) | 3328 | (74680) | (21950) | 26657 | 686056 | 4826088 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 93408 | 116640 | 461215 | 174631 | 69912 | 1152124 | 7336150 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 312402 | 325305 | 801108 | 262446 | 1078400 | 12591610 | 25369119 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (5928) | (7403) | (9587) | (9437) | (22055) | (306817) | (866925) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (65856) | (250887) | (218380) | (93298) | (894) | (141215) | (1583291) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 18175 | 76420 | (96085) | (23748) | 325349 | 2673995 | 7122395 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 258793 | 143435 | 477056 | 135963 | 1380800 | 14817573 | 30041298 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 352201 | 260075 | 938271 | 310594 | 1450712 | 15969697 | 37377448 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 1461991 | 2238744 | 3515694 | 2041197 | 643064 | 8435412 | 41455614 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $1814192 | $2498819 | $4453965 | $2351791 | $2093776 | $24405109 | $78833062 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Bond Index Portfolio, Service<br>Class 2 | Fidelity VIP Contrafund Portfolio, Service<br>Class 2 | Fidelity VIP Disciplined Small Cap Portfolio, Service<br>Class 2 | Fidelity VIP Emerging Markets Portfolio, Service<br>Class 2 | Fidelity VIP Energy Portfolio, Service<br>Class 2 | Fidelity VIP Equity-Income Portfolio, Service<br>Class 2 | Fidelity VIP Extended Market Index Portfolio, Service<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $209463 | $(2870812) | $185 | $12 | $13530 | $23830 | $3761 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (251) | 59769561 | 247 | 74 | 7509 | 460104 | 384 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (198093) | 22676717 | 33 | 2858 | (19387) | 196922 | 45500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 11119 | 79575466 | 465 | 2944 | 1652 | 680856 | 49645 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 5624360 | 9838246 | 35031 | 26085 | 143965 | 5649 | 145764 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (102085) | (2924238) | (14) | (109) | (3062) | (43025) | (2146) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (71155) | (38581520) |  |  | (149234) | (636223) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 1925837 | (30938245) | 8559 | 801 | (416184) | (167465) | 318313 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 7376957 | (62605757) | 43576 | 26777 | (424515) | (841064) | 461931 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 7388076 | 16969709 | 44041 | 29721 | (422863) | (160208) | 511576 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 3870479 | 268825837 | - | - | 1425498 | 5182935 | 196694 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $11258555 | $285795546 | $44041 | $29721 | $1002635 | $5022727 | $708270 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Freedom 2015 Portfolio, Service<br>Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service<br>Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service<br>Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service<br>Class 2 | Fidelity VIP FundsManager 85% Portfolio, Service<br>Class 2 | Fidelity VIP Growth & Income Portfolio, Service<br>Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $35329 | $44145 | $35024 | $36690 | $(2119) | $2915 | $(32) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 31060 | 83001 | (32208) | 152 | 139317 | 31159 | 646 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (55106) | 20600 | 42773 | 75559 | (55505) | (1777) | 1993 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 11283 | 147746 | 45589 | 112401 | 81693 | 32297 | 2607 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 335 | 818 | 300610 | 1194814 | 21144 | 305372 | 17286 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (6793) | (11280) | (13969) | (33415) | (5204) | (3466) | (47) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (52328) | (122699) | (358182) | (5882) | (578934) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 945800 | 97001 | 220633 | 313169 | 62700 | 169022 | (636) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 887014 | (36160) | 149092 | 1468686 | (500294) | 470928 | 16603 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 898297 | 111586 | 194681 | 1581087 | (418601) | 503225 | 19210 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 670172 | 2345098 | 1273030 | 1036325 | 789359 | 34463 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $1568469 | $2456684 | $1467711 | $2617412 | $370758 | $537688 | $19210 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Growth Portfolio, Service<br>Class 2 | Fidelity VIP Health Care Portfolio, Service<br>Class 2 | Fidelity VIP High Income Portfolio, Service<br>Class 2 | Fidelity VIP Index 500 Portfolio, Service<br>Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service<br>Class 2 | Fidelity VIP International Index Portfolio, Service<br>Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(42213) | $(19064) | $11883 | $391674 | $248 | $56611 | $6421325 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1189033 | 7157 | 4 | 36047639 | 259 | 668 | (1718343) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (272667) | 75380 | (7691) | 105501992 | 36699 | (5033) | (3276550) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 874153 | 63473 | 4196 | 141941305 | 37206 | 52246 | 1426432 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 1594624 | 480874 | 140886 | 38717036 | 6000 | 762261 | 20606650 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (19327) | (21000) | (1369) | (3872588) | (805) | (28207) | (3421267) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (273979) | (83851) | (1190) | (99949053) |  | (10857) | (31892821) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (21164) | 185345 | 52036 | (14364444) | 92414 | 451773 | 29550849 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 1280154 | 561368 | 190363 | (79469049) | 97609 | 1174970 | 14843411 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 2154307 | 624841 | 194559 | 62472256 | 134815 | 1227216 | 16269843 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 2785015 | 1755207 | 31147 | 640855365 | 482654 | 1554917 | 255514204 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $4939322 | $2380048 | $225706 | $703327621 | $617469 | $2782133 | $271784047 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP Mid Cap Portfolio, Service<br>Class 2 | Fidelity VIP Strategic Income Portfolio, Service<br>Class 2 | Fidelity VIP Target Volatility Portfolio, Service<br>Class 2 | Fidelity VIP Technology Portfolio, Initial Class | Fidelity VIP Total Market Index Portfolio, Service<br>Class 2 | Fidelity VIP Utilities Portfolio, Initial Class | Fidelity VIP Value Strategies Portfolio, Service<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(1569068) | $9829 | $2547 | $(102266) | $21408 | $3713 | $2622 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 33908304 | 5 | 10860 | 572074 | 10874 | 18175 | 237092 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 429487 | (6247) | 19471 | 3615318 | 731528 | 47655 | (137097) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 32768723 | 3587 | 32878 | 4085126 | 763810 | 69543 | 102617 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 2832562 | 147710 | 95688 | 10551619 | 1364775 | 16850 | 380389 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (2488264) | (2432) | (5189) | (249656) | (34474) | (1417) | (7077) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (31876666) | (243) | (150068) | (168206) | (761) | (17483) | (15150) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (13163411) | 189319 | 52271 | 3349147 | 442019 | 4636 | 180202 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (44695779) | 334354 | (7298) | 13482904 | 1771559 | 2586 | 538364 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (11927056) | 337941 | 25580 | 17568030 | 2535369 | 72129 | 640981 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 218316668 | 32252 | 380412 | 6908920 | 2884696 | 237465 | 1072685 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $206389612 | $370193 | $405992 | $24476950 | $5420065 | $309594 | $1713666 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Franklin DynaTech VIP Fund,<br>Class 2 | Franklin Income VIP Fund,<br>Class 2 | Franklin Mutual Global Discovery VIP Fund,<br>Class 2 | Franklin Mutual Shares VIP Fund,<br>Class 2 | Franklin Rising Dividends VIP Fund,<br>Class 2 | Franklin Small Cap Value VIP Fund,<br>Class 2 | Franklin Small-Mid Cap Growth VIP Fund,<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(540022) | $5913804 | $27274 | $3830024 | $35032 | $(39604) | $(353097) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 3622478 | 1094139 | 282476 | 14377776 | 20695076 | 1707715 | 783267 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 11171882 | 1242223 | (175900) | 25088106 | 8399776 | 3394137 | 2693651 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 14254338 | 8250166 | 133850 | 43295906 | 29129884 | 5062248 | 3123821 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 1915940 | 24302057 |  | 1924680 | 35510703 | 8512819 | 372106 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (449673) | (1615386) | (8064) | (5592329) | (3901449) | (583270) | (286933) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (5910174) | (20839864) | (389800) | (63414328) | (41093175) | (6022405) | (3972407) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (3057611) | 7512426 | 29793 | (14460379) | 14228306 | 3448479 | (421889) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (7501518) | 9359233 | (368071) | (81542356) | 4744385 | 5355623 | (4309123) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 6752820 | 17609399 | (234221) | (38246450) | 33874269 | 10417871 | (1185302) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 51287216 | 139932967 | 3507382 | 447845792 | 300428341 | 44134742 | 34209532 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $58040036 | $157542366 | $3273161 | $409599342 | $334302610 | $54552613 | $33024230 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Franklin Strategic Income VIP Fund,<br>Class 2 | Franklin U.S. Government Securities VIP Fund,<br>Class 2 | Goldman Sachs VIT Core Fixed Income Fund, Service Class | Goldman Sachs VIT International Equity Insights Fund, Institutional Class | Goldman Sachs VIT International Equity Insights Fund, Service Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Service Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $203268 | $6263327 | $741024 | $320992 | $456945 | $67221 | $7307 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (24407) | (4593745) | (243510) | (133633) | 2259743 | 3962394 | 10579198 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (17917) | (537694) | (517164) | 765884 | (1094728) | 663132 | 1152361 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 160944 | 1131888 | (19650) | 953243 | 1621960 | 4692747 | 11738866 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 23363 | 2007030 | 1716566 | 320999 | 80496 | 463098 | 381631 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (15959) | (4102316) | (321653) | (66543) | (378019) | (41163) | (1037399) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (1131532) | (45136044) | (4017511) | (2698595) | (4809564) | (5266972) | (11826633) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 820343 | 27704926 | 2627186 | (35320) | (1020966) | (572580) | (5748938) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (303785) | (19526404) | 4588 | (2479459) | (6128053) | (5417617) | (18231339) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (142841) | (18394516) | (15062) | (1526216) | (4506093) | (724870) | (6492473) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 5711182 | 311692875 | 26987183 | 17824793 | 31255445 | 31557906 | 81166941 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $5568341 | $293298359 | $26972121 | $16298577 | $26749352 | $30833036 | $74674468 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Goldman Sachs VIT Mid Cap Growth Fund, Service Class | Goldman Sachs VIT Mid Cap Value Fund, Institutional Class | Goldman Sachs VIT Mid Cap Value Fund, Service Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Service Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(511536) | $2935 | $(362264) | $(47490) | $(11015) | $(364600) | $(1735087) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 5366561 | 357226 | 7056456 | 1645529 | 1565028 | 3389580 | 19803506 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 3377524 | 249311 | 3710011 | 1350689 | 142584 | 5334514 | 25853809 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 8232549 | 609472 | 10404203 | 2948728 | 1696597 | 8359494 | 43922228 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 844729 | 30373 | 1553576 | 420083 | 106260 | 164213 | 14778904 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (512084) | (6670) | (1370780) | (28961) | (134922) | (37560) | (2158394) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (6025241) | (667080) | (13971678) | (2572873) | (1580656) | (4422662) | (21906925) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (2612598) | (32075) | (2550276) | (292438) | (777878) | (901244) | (12430150) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (8305194) | (675452) | (16339158) | (2474189) | (2387196) | (5197253) | (21716565) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (72645) | (65980) | (5934955) | 474539 | (690599) | 3162241 | 22205663 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 46856070 | 5688474 | 100099125 | 17956981 | 10304574 | 29769823 | 153993716 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $46783425 | $5622494 | $94164170 | $18431520 | $9613975 | $32932064 | $176199379 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Goldman Sachs VIT Trend Driven Allocation Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Guggenheim Floating Rate Strategies Series | Guggenheim Global Managed Futures Strategy Fund | Guggenheim Long Short Equity Fund | Guggenheim Multi-Hedge Strategies Fund |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $100731 | $(175011) | $(5803) | $204325 | $6725 | $(531) | $13974 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 17025 | 5440927 | 135460 | 1935 | (25250) | 26756 | 15051 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 488368 | 650952 | 37700 | (33743) | 15324 | (14421) | (41530) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 606124 | 5916868 | 167357 | 172517 | (3201) | 11804 | (12505) |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 352131 | 279724 | 1031 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (105515) | (8652) | (10418) | (2277) | (383) | (89) | (392) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (1042767) | (3636957) | (123682) | (558312) | (55549) | (28351) | (174472) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (343659) | (128299) | (75085) | 111885 | (169753) | (149810) | (7012) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1139810) | (3494184) | (208154) | (448704) | (225685) | (178250) | (181876) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (533686) | 2422684 | (40797) | (276187) | (228886) | (166446) | (194381) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 6548317 | 23607206 | 680073 | 3246381 | 430714 | 166446 | 516950 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $6014631 | $26029890 | $639276 | $2970194 | $201828 | $- | $322569 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. American Franchise Fund,<br>Series I | Invesco V.I. American Franchise Fund,<br>Series II | Invesco V.I. American Value Fund,<br>Series II | Invesco V.I. Balanced-Risk Allocation Fund,<br>Series II | Invesco V.I. Comstock Fund,<br>Series I | Invesco V.I. Comstock Fund,<br>Series II | Invesco V.I. Conservative Balanced Fund,<br>Series II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(74865) | $(27525) | $(136139) | $2104254 | $106357 | $639307 | $1019024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 325501 | 147081 | 5627197 | (2009783) | 2320697 | 13894692 | 633607 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 1576876 | 653381 | 13098093 | 1100668 | 411432 | 3758429 | (834924) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 1827512 | 772937 | 18589151 | 1195139 | 2838486 | 18292428 | 817707 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 12476 | 1822 | 470147 | 582096 | 144095 | 1624338 | 6197547 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (980) | (9603) | (870911) | (832988) | (3970) | (1294220) | (209962) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (800025) | (297455) | (10659573) | (7565717) | (3614518) | (18617033) | (336616) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (163206) | (216099) | (9650219) | 1583759 | (301937) | (3618287) | (42709052) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (951735) | (521335) | (20710556) | (6232850) | (3776330) | (21905202) | (37058083) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 875777 | 251602 | (2121405) | (5037711) | (937844) | (3612774) | (36240376) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 5895839 | 2544217 | 72564118 | 50443985 | 21929427 | 140489583 | 36240376 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $6771616 | $2795819 | $70442713 | $45406274 | $20991583 | $136876809 | $- |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Discovery Large Cap Fund,<br>Series I | Invesco V.I. Discovery Large Cap Fund,<br>Series II | Invesco V.I. Discovery Mid Cap Growth Fund,<br>Series I | Invesco V.I. Discovery Mid Cap Growth Fund,<br>Series II | Invesco V.I. Equity and Income Fund,<br>Series II | Invesco V.I. EQV International Equity Fund,<br>Series II | Invesco V.I. Global Fund,<br>Series I |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(115232) | $(536481) | $(48187) | $(319615) | $1785219 | $278136 | $(89317) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 556010 | 5233753 | 151339 | 1349759 | 12726197 | 1576794 | 914843 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 1908454 | 10672063 | 596692 | 5260710 | 8978017 | (1817075) | 196460 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 2349232 | 15369335 | 699844 | 6290854 | 23489433 | 37855 | 1021986 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 13860 | 168147 | 19988 | 554706 | 16554075 | 352384 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (1890) | (647537) | (323) | (282745) | (2970898) | (471373) | (1074) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (1309231) | (8005051) | (533732) | (4083231) | (26359822) | (7587424) | (1471827) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (71654) | (7211008) | (39930) | (2104657) | 55803365 | (15691250) | (464213) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1368915) | (15695449) | (553997) | (5915927) | 43026720 | (23397663) | (1937104) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 980317 | (326114) | 145847 | 374927 | 66516153 | (23359808) | (915118) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 7566050 | 53150094 | 3225757 | 29371273 | 190596854 | 51552018 | 7369749 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $8546367 | $52823980 | $3371604 | $29746200 | $257113007 | $28192210 | $6454631 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Global Fund,<br>Series II | Invesco V.I. Global Real Estate Fund,<br>Series II | Invesco V.I. Global Strategic Income Fund,<br>Series I | Invesco V.I. Global Strategic Income Fund,<br>Series II | Invesco V.I. Government Securities Fund,<br>Series II | Invesco V.I. Growth and Income Fund,<br>Series I | Invesco V.I. Growth and Income Fund,<br>Series II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(2524896) | $115554 | $72876 | $3173411 | $1617791 | $40385 | $570062 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 20074446 | (225951) | (76228) | (4043198) | (675079) | 2129575 | 36414469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 15099934 | (285542) | 83078 | 4295991 | (214496) | 1170233 | 22944608 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 32649484 | (395939) | 79726 | 3426204 | 728216 | 3340193 | 59929139 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 1112092 | 17737 | 82507 | 850593 | 735429 | 149115 | 2335309 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (2751387) | (104418) | (1416) | (2766329) | (1478954) | (3987) | (5794467) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (33925858) | (1389698) | (1007059) | (29476812) | (15863671) | (3205284) | (62821522) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (18662221) | (2291036) | 70978 | 14090293 | 11446973 | (473001) | (21371601) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (54227374) | (3767415) | (854990) | (17302255) | (5160223) | (3533157) | (87652281) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (21577890) | (4163354) | (775264) | (13876051) | (4432007) | (192964) | (27723142) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 240762690 | 9428647 | 5147115 | 208301586 | 117590441 | 24247489 | 440773292 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $219184800 | $5265293 | $4371851 | $194425535 | $113158434 | $24054525 | $413050150 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Main Street Fund,<br>Series I | Invesco V.I. Main Street Fund,<br>Series II | Invesco V.I. Main Street Mid Cap Fund,<br>Series II | Invesco V.I. Main Street Small Cap Fund,<br>Series II | Invesco V.I. Nasdaq 100 Buffer Fund, December<br>Series II | Invesco V.I. Small Cap Equity Fund,<br>Series II | Invesco V.I. U.S. Government Money Portfolio,<br>Series I |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(86688) | $(942064) | $(2723) | $(86011) | $(1) | $(154901) | $8636565 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 984641 | 13834991 | 20143 | 590859 | 71 | 1172104 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 479456 | 7243538 | 49103 | 743104 | - | 1652553 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 1377409 | 20136465 | 66523 | 1247952 | 70 | 2669756 | 8636565 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 27813 | 183088 | 1102663 | 7715866 |  | 605600 | 5771030 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (1309) | (1238887) | (9548) | (187134) |  | (117186) | (4060648) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (1603995) | (12238300) | (324) | (276523) |  | (2005055) | (63024374) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (89980) | (8888480) | 124925 | 3623901 | (70) | (597656) | 65414860 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1667471) | (22182579) | 1217716 | 10876110 | (70) | (2114297) | 4100868 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (290062) | (2046114) | 1284239 | 12124062 |  | 555459 | 12737433 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 6695423 | 98008773 | 88609 | 6209683 | - | 16531735 | 258896689 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $6405361 | $95962659 | $1372848 | $18333745 | $- | $17087194 | $271634122 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Forty Portfolio, Service Shares | Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Lord Abbett Series Fund Bond Debenture Portfolio,<br>Class VC |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $115418 | $(344) | $(37582) | $(101) | $(32861) | $6886 | $22503059 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (5299) | 8455 | 184197 | 446 | 1951 | 1668 | (2535938) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 1019635 | 9435 | 456920 | 701 | 577756 | (18346) | 6614829 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 1129754 | 17546 | 603535 | 1046 | 546846 | (9792) | 26581950 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 10450390 | 492250 | 3097760 |  | 3194118 | 1357173 | 25049915 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (151192) | (3059) | (38359) | (41) | (32441) | (16705) | (6540407) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (375922) | (468) | (128674) |  | (115951) | (77152) | (60809657) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 1676722 | 21875 | 346700 | (1923) | 201910 | 244382 | 32554281 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 11599998 | 510598 | 3277427 | (1964) | 3247636 | 1507698 | (9745868) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 12729752 | 528144 | 3880962 | (918) | 3794482 | 1497906 | 16836082 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 5454742 | - | 1425825 | 11255 | 1174037 | 751601 | 477167435 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $18184494 | $528144 | $5306787 | $10337 | $4968519 | $2249507 | $494003517 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Lord Abbett Series Fund Dividend Growth Portfolio,<br>Class VC | Lord Abbett Series Fund Fundamental Equity Portfolio,<br>Class VC | Lord Abbett Series Fund Growth and Income Portfolio,<br>Class VC | Lord Abbett Series Fund Growth Opportunities Portfolio,<br>Class VC | Lord Abbett Series Fund Mid Cap Stock Portfolio,<br>Class VC | Lord Abbett Series Fund Short Duration Income Portfolio,<br>Class VC | LVIP American Century Balanced Fund, Standard<br>Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(447260) | $(590379) | $(148591) | $(572494) | $(250644) | $354590 | $8653 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 9592459 | 10415514 | 8198495 | 1024918 | 6593569 | 8023 | 313 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 11049189 | 10449176 | 2143533 | 14548605 | (377909) | (43196) | 42622 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 20194388 | 20274311 | 10193437 | 15001029 | 5965016 | 319417 | 51588 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 1274459 | 614934 | 236119 | 522776 | 269870 | 2943142 | 346959 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (1078975) | (1989555) | (311167) | (755240) | (272201) | (84793) | (10540) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (14866677) | (21245484) | (8071108) | (7673981) | (6627633) | (315607) | (756) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (7003626) | (8902323) | (2237118) | (2005902) | (1450422) | 1572223 | 212710 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (21674819) | (31522428) | (10383274) | (9912347) | (8080386) | 4114965 | 548373 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (1480431) | (11248117) | (189837) | 5088682 | (2115370) | 4434382 | 599961 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 102640061 | 141488502 | 56006190 | 54662034 | 45722568 | 5222800 | 100429 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $101159630 | $130240385 | $55816353 | $59750716 | $43607198 | $9657182 | $700390 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | LVIP American Century Disciplined Core Value Fund, Standard<br>Class II | LVIP American Century International Fund, Standard<br>Class II | LVIP American Century Ultra Fund, Standard<br>Class II | MFS VIT Growth Series, Initial Class | MFS VIT Growth Series, Service Class | MFS VIT II Core Equity Portfolio, Service Class | MFS VIT II Emerging Markets Equity Portfolio, Service Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $61 | $916 | $(1852) | $(86801) | $(449973) | $(2500) | $3494 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1 | 100 | 30012 | 755430 | 7809685 | 84342 | 1817 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 297 | (1162) | 11554 | 984311 | 4326685 | 138821 | 19595 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 359 | (146) | 39714 | 1652940 | 11686397 | 220663 | 24906 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 12623 |  | 7622 | 27196 | 8581502 | 2564037 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (85) | (1135) | (534) | (1624) | (337895) | (26449) | (552) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  | (72450) | (877323) | (7176722) | (1204) | (38092) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | - | 138450 | (9550) | 118897 | (3205007) | (70975) | 16750 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 12538 | 137315 | (74912) | (732854) | (2138122) | 2465409 | (21894) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 12897 | 137169 | (35198) | 920086 | 9548275 | 2686072 | 3012 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | - | 136562 | 137209 | 5732528 | 40793429 | 233135 | 227271 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $12897 | $273731 | $102011 | $6652614 | $50341704 | $2919207 | $230283 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Intrinsic Value Portfolio, Service Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class | MFS VIT II Research International Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Global Real Estate Portfolio, Service Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $4077 | $40096 | $(16527) | $(230403) | $2987 | $80 | $1213 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 4695 | 1764436 | 181973 | 3813821 | 2 | 201 | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 30537 | (820554) | 69201 | 711570 | (23918) | (24) | (9509) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 39309 | 983978 | 234647 | 4294988 | (20929) | 257 | (8239) |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 1875996 | 1811095 | 6313 | 1476418 | 417942 | 39467 | 33479 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (23528) | (43381) | (350) | (377563) | (1580) | (166) | (1185) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (663) | (3281610) | (316994) | (4381512) | (56) | (179) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 615277 | 202764 | 58607 | (1195433) | 167081 | 16415 | 145006 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 2467082 | (1311132) | (252424) | (4478090) | 583387 | 55537 | 177300 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 2506391 | (327154) | (17777) | (183102) | 562458 | 55794 | 169061 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 328767 | 16446276 | 1699117 | 30205221 | - | - | 141582 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $2835158 | $16119122 | $1681340 | $30022119 | $562458 | $55794 | $310643 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT III Mid Cap Value Portfolio, Service Class | MFS VIT Investors Trust Series, Initial Class | MFS VIT Investors Trust Series, Service Class | MFS VIT Mid Cap Growth Series, Service Class | MFS VIT New Discovery Series, Initial Class | MFS VIT New Discovery Series, Service Class | MFS VIT Research Series, Initial Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $3572 | $(33793) | $(269313) | $(3877) | $(28433) | $(493959) | $(38663) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 28956 | 722746 | 6408308 | 44390 | 14043 | 694522 | 367167 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (9283) | 159433 | 636695 | 7663 | 114377 | 2156612 | 492987 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 23245 | 848386 | 6775690 | 48176 | 99987 | 2357175 | 821491 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 950880 | 45761 | 262800 | 1195931 | 690 | 401977 | 45064 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (2767) | (1146) | (349339) | (2957) | (484) | (504900) | (1372) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (424) | (1072796) | (7222429) | (12052) | (102088) | (6392248) | (580481) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 257617 | (15365) | (2807532) | 79435 | (10559) | 163064 | (6530) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 1205306 | (1043546) | (10116500) | 1260357 | (112441) | (6332107) | (543319) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 1228551 | (195160) | (3340810) | 1308533 | (12454) | (3974932) | 278172 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 15823 | 4992878 | 41071503 | 25762 | 1973779 | 45899743 | 4945930 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $1244374 | $4797718 | $37730693 | $1334295 | $1961325 | $41924811 | $5224102 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT Research Series, Service Class | MFS VIT Total Return Bond Series, Service Class | MFS VIT Total Return Series, Initial Class | MFS VIT Total Return Series, Service Class | MFS VIT Utilities Series, Initial Class | MFS VIT Utilities Series, Service Class | MFS VIT Value Series, Service Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(21270) | $8452278 | $169953 | $500492 | $16270 | $163783 | $463163 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 327169 | (2716719) | 1013066 | 2639380 | 76691 | 1027591 | 16603523 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 219319 | (2037440) | (294551) | (684112) | 74407 | 610754 | (3044785) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 525218 | 3698119 | 888468 | 2455760 | 167368 | 1802128 | 14021901 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 23830 | 1320172 | 110098 | 1671740 | 1444 | 38414 | 937654 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (20396) | (3520872) | (3063) | (266198) | (360) | (178370) | (1292837) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (340642) | (41175639) | (2152402) | (5846417) | (161585) | (2660186) | (21612280) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (180836) | 16007603 | (131812) | 360521 | (33411) | (420248) | (4261306) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (518044) | (27368736) | (2177179) | (4080354) | (193912) | (3220390) | (26228769) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 7174 | (23670617) | (1288711) | (1624594) | (26544) | (1418262) | (12206868) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 3230494 | 292814819 | 14261128 | 39421266 | 1684054 | 17689721 | 142787959 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $3237668 | $269144202 | $12972417 | $37796672 | $1657510 | $16271459 | $130581091 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Morgan Stanley VIF Global Real Estate Portfolio,<br>Class II | Morgan Stanley VIF Global Strategist Portfolio,<br>Class II | Morgan Stanley VIF Growth Portfolio,<br>Class II | PIMCO VIT All Asset Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class | PIMCO VIT High Yield Portfolio, Advisor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $43990 | $(4337) | $(735) | $211687 | $94 | $167257 | $22978 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 241175 | (150) | 840 | (136503) | (6) | 30185 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 72404 | 25066 | 27856 | 16374 | 101 | 184738 | 3408 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 357569 | 20579 | 27961 | 91558 | 189 | 382180 | 26383 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 16105 | 232020 | 52170 | 8773 |  | 126150 | 160534 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (63869) | (4660) | (225) | (63345) | (44) | (88203) | (5486) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (588923) | (131) |  | (752627) | (258) | (715640) | (17410) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (4807852) | (46446) | (1919) | (649923) | (1) | 28560 | 178696 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (5444539) | 180783 | 50026 | (1457122) | (303) | (649133) | 316334 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (5086970) | 201362 | 77987 | (1365564) | (114) | (266953) | 342717 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 5086970 | 198243 | - | 5005222 | 5200 | 5254443 | 419417 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $- | $399605 | $77987 | $3639658 | $5086 | $4987490 | $762134 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | PIMCO VIT Income Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | Protective Life Dynamic Allocation Series Conservative Portfolio |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $78024 | $291533 | $3400492 | $3034064 | $3084511 | $16693214 | $343301 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (9449) | (554089) | (552937) | (2348621) | 35228 | (7371226) | 389828 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (21043) | (1121027) | 1043676 | 1390049 | 650335 | (1210316) | 1551718 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 47532 | (1383583) | 3891231 | 2075492 | 3770074 | 8111672 | 2284847 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 1640839 | 51684 | 2147889 | 2165413 | 9291575 | 15059304 | 48251 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (10884) | (253624) | (1558206) | (3150267) | (1088154) | (7778112) | (655487) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (772900) | (2585922) | (18230851) | (30096657) | (10754469) | (79791765) | (6801771) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 1011996 | 2116124 | 12344703 | 16639738 | 9258872 | 42989928 | 1396864 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 1869051 | (671738) | (5296465) | (14441773) | 6707824 | (29520645) | (6012143) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 1916583 | (2055321) | (1405234) | (12366281) | 10477898 | (21408973) | (3727296) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 920124 | 19528621 | 118346307 | 216877248 | 74503829 | 589668407 | 41383716 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $2836707 | $17473300 | $116941073 | $204510967 | $84981727 | $568259434 | $37656420 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Protective Life Dynamic Allocation Series Growth Portfolio | Protective Life Dynamic Allocation Series Moderate Portfolio | Royce Capital Fund Micro-Cap Portfolio, Service Class | Royce Capital Fund Small-Cap Portfolio, Service Class | Rydex Commodities Strategy Fund | Rydex Inverse Government Long Bond Strategy Fund | T. Rowe Price All-Cap Opportunities Portfolio |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $164123 | $7296504 | $(154403) | $(206198) | $313 | $298 | $(12502) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2333465 | 4925712 | 1243198 | 5055983 | (38) | 12 | 266260 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 2952867 | 44229536 | 469653 | (2072400) | 394 | 939 | 99594 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 5450455 | 56451752 | 1558448 | 2777385 | 669 | 1249 | 353352 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 117047 | 3824886 | 41844 | 477541 |  |  | 690531 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (229741) | (13557714) | (186047) | (1836480) | (9) | (3) | (8744) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (8324069) | (40647036) | (1952449) | (18963375) | (1367) |  | (14371) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (2480099) | 1855334 | (624026) | (7070213) | 1039 | 292 | (28357) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (10916862) | (48524530) | (2720678) | (27392527) | (337) | 289 | 639059 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (5466407) | 7927222 | (1162230) | (24615142) | 332 | 1538 | 992411 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 46001504 | 692496947 | 14461674 | 141296845 | 9635 | 7762 | 1345778 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $40535097 | $700424169 | $13299444 | $116681703 | $9967 | $9300 | $2338189 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | T. Rowe Price Blue Chip Growth Portfolio,<br>Class II | T. Rowe Price Health Sciences Portfolio,<br>Class II | T. Rowe Price Mid-Cap Growth Portfolio,<br>Class II | T. Rowe Price Moderate Allocation Portfolio | Templeton Developing Markets VIP Fund,<br>Class 2 | Templeton Foreign VIP Fund,<br>Class 2 | Templeton Global Bond VIP Fund,<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(362850) | $(111897) | $(18244) | $290059 | $277238 | $890027 | $(1832402) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 3487358 | 1709995 | 441069 | 598498 | 89469 | 424806 | (6468967) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 9774739 | (2245655) | (278847) | 194803 | 221965 | (2050676) | (13007753) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 12899247 | (647557) | 143978 | 1083360 | 588672 | (735843) | (21309122) |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 25536552 | 8360784 | 3371434 | 10601346 | 50611 | 259201 | 800817 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (699674) | (175899) | (40561) | (276025) | (99968) | (709065) | (2369195) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (979357) | (294845) | (12545) | (109761) | (1610419) | (9212484) | (25229318) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 5208800 | 3365400 | 987869 | 2594291 | 2196178 | (5369778) | 17281765 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 29066321 | 11255440 | 4306197 | 12809851 | 536402 | (15032126) | (9515931) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 41965568 | 10607883 | 4450175 | 13893211 | 1125074 | (15767969) | (30825053) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 27837795 | 7592613 | 257138 | 8170546 | 7269906 | 67307450 | 180892316 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $69803363 | $18200496 | $4707313 | $22063757 | $8394980 | $51539481 | $150067263 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Templeton Growth VIP Fund,<br>Class 2 | VanEck VIP Global Resources Fund, Initial Class | Vanguard VIF Balanced Portfolio | Vanguard VIF Capital Growth Portfolio | Vanguard VIF Conservative Allocation Portfolio | Vanguard VIF Diversified Value Portfolio | Vanguard VIF Equity Income Portfolio |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(105176) | $2307 | $21784 | $2278 | $37688 | $4770 | $21163 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1238161 | 75938 | 99504 | 8017 | 36222 | 21993 | 50732 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 2413657 | (67939) | 26226 | 23118 | 33142 | 22775 | 48331 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 3546642 | 10306 | 147514 | 33413 | 107052 | 49538 | 120226 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 396613 |  | 26353 |  |  | 21120 | 130402 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (802212) | (10) | (7866) | (2675) | (3320) | (3101) | (7131) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (10839114) | (217640) | (466848) | (22952) | (1455) |  | (32766) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (3327991) | 8434 | (7131) | (9325) | 3413 | (6402) | 65333 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (14572704) | (209216) | (455492) | (34952) | (1362) | 11617 | 155838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (11026062) | (198910) | (307978) | (1539) | 105690 | 61155 | 276064 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 80868388 | 203704 | 1017606 | 256400 | 1493282 | 348655 | 779036 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $69842326 | $4794 | $709628 | $254861 | $1598972 | $409810 | $1055100 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Vanguard VIF Equity Index Portfolio | Vanguard VIF Global Bond Index Portfolio | Vanguard VIF Growth Portfolio | Vanguard VIF High Yield Bond Portfolio | Vanguard VIF International Portfolio | Vanguard VIF Mid-Cap Index Portfolio | Vanguard VIF Moderate Allocation Portfolio |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $24258 | $7086 | $(820) | $11243 | $9178 | $14471 | $16451 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 113482 | 516 | 48978 | 438 | 37347 | 15868 | 23191 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 405862 | (3007) | 510979 | 58 | 38887 | 148202 | 33317 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 543602 | 4595 | 559137 | 11739 | 85412 | 178541 | 72959 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 315448 |  | 752788 |  | 210663 | 354789 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (5405) | (557) | (9463) | (1737) | (2690) | (3976) | (6875) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (153610) | (23265) | (68394) | (23716) | (49312) | (122646) | (67750) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (115142) | 20055 | (379548) | 7369 | 15177 | (36964) | (74208) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 41291 | (3767) | 295383 | (18084) | 173838 | 191203 | (148833) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 584893 | 828 | 854520 | (6345) | 259250 | 369744 | (75874) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 2210009 | 272064 | 1569881 | 204545 | 943042 | 1191646 | 763482 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $2794902 | $272892 | $2424401 | $198200 | $1202292 | $1561390 | $687608 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PROTECTIVE VARIABLE ANNUITY SEPARATE ACCOUNT**

STATEMENTS OF CHANGES IN NET ASSETS<br>FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Vanguard VIF Money Market Portfolio | Vanguard VIF Real Estate Index Portfolio | Vanguard VIF Short-Term Investment-Grade Portfolio | Vanguard VIF Total Bond Market Index Portfolio | Vanguard VIF Total International Stock Market Index Portfolio | Vanguard VIF Total Stock Market Index Portfolio | Western Asset Core Plus VIT Portfolio,<br>Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $77604 | $14720 | $67376 | $66550 | $46607 | $36242 | $318036 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments |  | 15990 | 15187 | 1833 | 7907 | 265960 | 2677 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | - | (10198) | 10041 | (48908) | 9897 | 425884 | (418374) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 77604 | 20512 | 92604 | 19475 | 64411 | 728086 | (97661) |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 40141 | 135065 | 305033 | 816905 | 393109 | 1075573 | 351785 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (2932) | (1408) | (5240) | (4598) | (9726) | (16472) | (49604) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (164073) | (29595) | (479118) | (223027) | (95864) | (315956) | (280018) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (29425) | (4735) | 238651 | 235905 | 135679 | (82558) | 580938 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (156289) | 99327 | 59326 | 825185 | 423198 | 660587 | 603101 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (78685) | 119839 | 151930 | 844660 | 487609 | 1388673 | 505440 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 1650335 | 514675 | 2330819 | 2651380 | 1432278 | 2836238 | 4060324 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $1571650 | $634514 | $2482749 | $3496040 | $1919887 | $4224911 | $4565764 |

---

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

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

(Concluded)

See accompanying notes to financial statements.

Protective Variable Annuity Separate Account

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

1. ORGANIZATION

The Protective Variable Annuity Separate Account (the "Separate Account"), a segregated unit investment trust registered under the Investment Company Act of 1940, as amended, was established by Protective Life Insurance Company ("PLICO" or the "Company") on March 14, 1994, and exists in accordance with the regulations of the Nebraska Department of Insurance. PLICO is a wholly owned subsidiary of Protective Life Corporation ("PLC"). PLC is a wholly owned subsidiary of Dai-ichi Life International Holding, LLC, a godo kaisha organized under the laws of Japan.

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

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

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

Contract owners may allocate some or all of the applicable net payments or transfer some or all of the Contract value to the Company's guaranteed account, which is not included in these financial statements. The assets of the Company support its insurance and annuity obligations and are subject to the Company's general liabilities from business operations.

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

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

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dimensions II | Protective Investors Benefit Advisory |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dimensions III | Protective Investors Series |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dimensions IV | Protective Investors Series ADV |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dimensions V | Protective Rewards |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elements Access | Protective Rewards II |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elements Classic | Protective Rewards Elite |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elements Plus | Protective Values |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mileage Credit | Protective Values Access |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protective Access | Protective Values Advantage |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protective Access XL | Protective Variable Annuity |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protective Advantage | Protective Variable Annuity (2012) B, C, L Series |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protective Aspirations | Protective Variable Annuity II |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protective Dimensions | Protective Variable Annuity II B Series |

---

For the years or periods ended December 31, 2025 and 2024, the Separate Account offered up to 254 available Subaccount investment options, as follows:

AB VPS Balanced Hedged Allocation Portfolio, Class B <sup>(a)</sup>

AB VPS Discovery Value Portfolio, Class B

AB VPS Large Cap Growth Portfolio, Class B

AB VPS Relative Value Portfolio, Class B

AB VPS Small Cap Growth Portfolio, Class B

American Funds IS American Funds Global Balanced Fund, Class 4 <sup>(a)</sup>

American Funds IS American High-Income Trust, Class 2

American Funds IS American High-Income Trust, Class 4

American Funds IS Asset Allocation Fund, Class 2

American Funds IS Asset Allocation Fund, Class 4

American Funds IS Capital Income Builder, Class 2

American Funds IS Capital Income Builder, Class 4

American Funds IS Capital World Bond Fund, Class 2

American Funds IS Capital World Bond Fund, Class 4

American Funds IS Capital World Growth and Income Fund, Class 2

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

American Funds IS Global Growth Fund, Class 2

American Funds IS Global Growth Fund, Class 4

American Funds IS Global Small Capitalization Fund, Class 2

American Funds IS Global Small Capitalization Fund, Class 4

American Funds IS Growth Fund, Class 2

American Funds IS Growth Fund, Class 4

American Funds IS Growth-Income Fund, Class 2

American Funds IS Growth-Income Fund, Class 4

American Funds IS International Fund, Class 2

American Funds IS International Fund, Class 4

American Funds IS International Growth and Income Fund, Class 2

American Funds IS International Growth and Income Fund, Class 4

American Funds IS New World Fund, Class 2

American Funds IS New World Fund, Class 4

American Funds IS The Bond Fund of America, Class 2

American Funds IS The Bond Fund of America, Class 4

American Funds IS U.S. Government Securities Fund, Class 2

American Funds IS U.S. Government Securities Fund, Class 4

American Funds IS Washington Mutual Investors Fund, Class 2

American Funds IS Washington Mutual Investors Fund, Class 4

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

BlackRock Advantage SMID Cap V.I. Fund, Class III

BlackRock Global Allocation V.I. Fund, Class III

BlackRock International V.I. Fund, Class I

Calvert VP SRI Balanced Portfolio, Class I

ClearBridge Variable Dividend Strategy Portfolio, Class II

ClearBridge Variable Large Cap Growth Portfolio, Class II

ClearBridge Variable Mid Cap Portfolio, Class II

ClearBridge Variable Small Cap Growth Portfolio, Class II

Columbia VP Balanced Fund, Class 2

Columbia VP Emerging Markets Bond Fund, Class 2

Columbia VP Intermediate Bond Fund, Class 2

Columbia VP Limited Duration Credit Fund, Class 2

Columbia VP Select Mid Cap Value Fund, Class 2

Columbia VP Seligman Global Technology Fund, Class 2

Columbia VP Strategic Income Fund, Class 2

Dimensional VA Equity Allocation Portfolio, Institutional

Dimensional VA Global Bond Portfolio, Institutional

Dimensional VA Global Moderate Allocation Portfolio, Institutional

Dimensional VA International Small Portfolio, Institutional

Dimensional VA International Value Portfolio, Institutional

Dimensional VA Short-Term Fixed Portfolio, Institutional

Dimensional VA US Large Value Portfolio, Institutional

Dimensional VA US Targeted Value Portfolio, Institutional

Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 <sup>(a)</sup>

Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 <sup>(a)</sup>

Fidelity VIP Balanced Portfolio, Service Class 2

Fidelity VIP Bond Index Portfolio, Service Class 2

Fidelity VIP Contrafund Portfolio, Service Class 2

Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 <sup>(a)</sup>

Fidelity VIP Emerging Markets Portfolio, Service Class 2 <sup>(a)</sup>

Fidelity VIP Energy Portfolio, Service Class 2

Fidelity VIP Equity-Income Portfolio, Service Class 2

Fidelity VIP Extended Market Index Portfolio, Service Class 2

Fidelity VIP Freedom 2015 Portfolio, Service Class 2

Fidelity VIP Freedom 2020 Portfolio, Service Class 2

Fidelity VIP FundsManager 20% Portfolio, Service Class 2

Fidelity VIP FundsManager 60% Portfolio, Service Class 2

Fidelity VIP FundsManager 70% Portfolio, Service Class 2 \*

Fidelity VIP FundsManager 85% Portfolio, Service Class 2

Fidelity VIP Growth & Income Portfolio, Service Class 2

Fidelity VIP Growth Opportunities Portfolio, Service Class 2 <sup>(a)</sup>

Fidelity VIP Growth Portfolio, Service Class 2

Fidelity VIP Health Care Portfolio, Service Class 2

Fidelity VIP High Income Portfolio, Service Class 2

Fidelity VIP Index 500 Portfolio, Service Class 2

Fidelity VIP International Capital Appreciation Portfolio, Service Class 2

Fidelity VIP International Index Portfolio, Service Class 2

Fidelity VIP Investment Grade Bond Portfolio, Service Class 2

Fidelity VIP Materials Portfolio, Initial Class \*

Fidelity VIP Mid Cap Portfolio, Service Class 2

Fidelity VIP Strategic Income Portfolio, Service Class 2

Fidelity VIP Target Volatility Portfolio, Service Class 2

Fidelity VIP Technology Portfolio, Initial Class

Fidelity VIP Total Market Index Portfolio, Service Class 2

Fidelity VIP Utilities Portfolio, Initial Class

Fidelity VIP Value Strategies Portfolio, Service Class 2

First Trust Multi Income Allocation Portfolio, Class I <sup>(a)</sup>

First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I <sup>(a)</sup>

Franklin DynaTech VIP Fund, Class 2

Franklin Income VIP Fund, Class 2

Franklin Mutual Global Discovery VIP Fund, Class 2

Franklin Mutual Shares VIP Fund, Class 2

Franklin Rising Dividends VIP Fund, Class 2

Franklin Small Cap Value VIP Fund, Class 2

Franklin Small-Mid Cap Growth VIP Fund, Class 2

Franklin Strategic Income VIP Fund, Class 2

Franklin U.S. Government Securities VIP Fund, Class 2

Goldman Sachs VIT Core Fixed Income Fund, Service Class

Goldman Sachs VIT International Equity Insights Fund, Institutional Class

Goldman Sachs VIT International Equity Insights Fund, Service Class

Goldman Sachs VIT Large Cap Value Fund, Institutional Class

Goldman Sachs VIT Large Cap Value Fund, Service Class

Goldman Sachs VIT Mid Cap Growth Fund, Service Class

Goldman Sachs VIT Mid Cap Value Fund, Institutional Class

Goldman Sachs VIT Mid Cap Value Fund, Service Class

Goldman Sachs VIT Multi-Strategy Alternatives Portfolio, Service Shares \* <sup>(a)</sup>

Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class

Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class

Goldman Sachs VIT Strategic Growth Fund, Institutional Class

Goldman Sachs VIT Strategic Growth Fund, Service Class

Goldman Sachs VIT Trend Driven Allocation Fund, Service Class

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

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

Guggenheim Floating Rate Strategies Series

Guggenheim Global Managed Futures Strategy Fund

Guggenheim Long Short Equity Fund <sup>(a)</sup>

Guggenheim Multi-Hedge Strategies Fund

Invesco V.I. American Franchise Fund, Series I

Invesco V.I. American Franchise Fund, Series II

Invesco V.I. American Value Fund, Series II

Invesco V.I. Balanced-Risk Allocation Fund, Series II

Invesco V.I. Comstock Fund, Series I

Invesco V.I. Comstock Fund, Series II

Invesco V.I. Conservative Balanced Fund, Series II <sup>(a)</sup>

Invesco V.I. Discovery Large Cap Fund, Series I

Invesco V.I. Discovery Large Cap Fund, Series II

Invesco V.I. Discovery Mid Cap Growth Fund, Series I

Invesco V.I. Discovery Mid Cap Growth Fund, Series II

Invesco V.I. Equity and Income Fund, Series II <sup>(a)</sup>

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

Invesco V.I. Global Fund, Series I

Invesco V.I. Global Fund, Series II

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

Invesco V.I. Global Strategic Income Fund, Series I

Invesco V.I. Global Strategic Income Fund, Series II

Invesco V.I. Government Securities Fund, Series II

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

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

Invesco V.I. Main Street Fund, Series I

Invesco V.I. Main Street Fund, Series II

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

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

Invesco V.I. Nasdaq 100 Buffer Fund, December Series II <sup>(a)</sup>

Invesco V.I. Nasdaq 100 Buffer Fund, June Series II \* <sup>(a)</sup>

Invesco V.I. Nasdaq 100 Buffer Fund, March Series II \* <sup>(a)</sup>

Invesco V.I. Nasdaq 100 Buffer Fund, September Series II \* <sup>(a)</sup>

Invesco V.I. S&P 500 Buffer Fund, December Series II \*

Invesco V.I. S&P 500 Buffer Fund, June Series II \*

Invesco V.I. S&P 500 Buffer Fund, March Series II \*

Invesco V.I. S&P 500 Buffer Fund, September Series II \*

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

Invesco V.I. U.S. Government Money Portfolio, Series I

Janus Henderson VIT Balanced Portfolio, Service Shares

Janus Henderson VIT Enterprise Portfolio, Service Shares <sup>(a)</sup>

Janus Henderson VIT Forty Portfolio, Service Shares

Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares

Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares

Janus Henderson VIT Overseas Portfolio, Service Shares

Lord Abbett Series Fund Bond Debenture Portfolio, Class VC

Lord Abbett Series Fund Dividend Growth Portfolio, Class VC

Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC

Lord Abbett Series Fund Growth and Income Portfolio, Class VC

Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC

Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC

Lord Abbett Series Fund Short Duration Income Portfolio, Class VC

LVIP American Century Balanced Fund, Standard Class II <sup>(a)</sup>

LVIP American Century Disciplined Core Value Fund, Standard Class II <sup>(a)</sup>

LVIP American Century International Fund, Standard Class II <sup>(a)</sup>

LVIP American Century Ultra Fund, Standard Class II <sup>(a)</sup>

MFS VIT Growth Series, Initial Class

MFS VIT Growth Series, Service Class

MFS VIT II Core Equity Portfolio, Service Class

MFS VIT II Emerging Markets Equity Portfolio, Service Class

MFS VIT II International Growth Portfolio, Service Class

MFS VIT II International Intrinsic Value Portfolio, Service Class

MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class

MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class

MFS VIT II Research International Portfolio, Service Class <sup>(a)</sup>

MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class <sup>(a)</sup>

MFS VIT III Global Real Estate Portfolio, Service Class

MFS VIT III Mid Cap Value Portfolio, Service Class

MFS VIT Investors Trust Series, Initial Class

MFS VIT Investors Trust Series, Service Class

MFS VIT Mid Cap Growth Series, Service Class

MFS VIT New Discovery Series, Initial Class

MFS VIT New Discovery Series, Service Class

MFS VIT Research Series, Initial Class

MFS VIT Research Series, Service Class

MFS VIT Total Return Bond Series, Service Class

MFS VIT Total Return Series, Initial Class

MFS VIT Total Return Series, Service Class

MFS VIT Utilities Series, Initial Class

MFS VIT Utilities Series, Service Class

MFS VIT Value Series, Service Class

Morgan Stanley VIF Global Infrastructure Portfolio \*

Morgan Stanley VIF Global Real Estate Portfolio, Class II <sup>(a)</sup>

Morgan Stanley VIF Global Strategist Portfolio, Class II

Morgan Stanley VIF Growth Portfolio, Class II <sup>(a)</sup>

PIMCO VIT All Asset Portfolio, Advisor Class

PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class

PIMCO VIT Emerging Markets Bond Portfolio, Advisor Class \*

PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class

PIMCO VIT High Yield Portfolio, Advisor Class

PIMCO VIT Income Portfolio, Advisor Class

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

PIMCO VIT Low Duration Portfolio, Advisor Class

PIMCO VIT Real Return Portfolio, Advisor Class

PIMCO VIT Short-Term Portfolio, Advisor Class

PIMCO VIT Total Return Portfolio, Advisor Class

Protective Life Dynamic Allocation Series Conservative Portfolio

Protective Life Dynamic Allocation Series Growth Portfolio

Protective Life Dynamic Allocation Series Moderate Portfolio

Royce Capital Fund Micro-Cap Portfolio, Service Class

Royce Capital Fund Small-Cap Portfolio, Service Class

Rydex Commodities Strategy Fund

Rydex Inverse Government Long Bond Strategy Fund

Rydex Inverse S&P 500 Strategy Fund \*

Rydex Nova Fund \*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price All-Cap Opportunities Portfolio

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Mid-Cap Growth Portfolio, Class II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Moderate Allocation Portfolio

Templeton Developing Markets VIP Fund, Class 2

Templeton Foreign VIP Fund, Class 2

Templeton Global Bond VIP Fund, Class 2

Templeton Growth VIP Fund, Class 2

VanEck VIP Global Resources Fund, Initial Class

Vanguard VIF Balanced Portfolio

Vanguard VIF Capital Growth Portfolio

Vanguard VIF Conservative Allocation Portfolio

Vanguard VIF Diversified Value Portfolio

Vanguard VIF Equity Income Portfolio

Vanguard VIF Equity Index Portfolio

Vanguard VIF Global Bond Index Portfolio

Vanguard VIF Growth Portfolio

Vanguard VIF High Yield Bond Portfolio

Vanguard VIF International Portfolio

Vanguard VIF Mid-Cap Index Portfolio

Vanguard VIF Moderate Allocation Portfolio

Vanguard VIF Money Market Portfolio

Vanguard VIF Real Estate Index Portfolio

Vanguard VIF Short-Term Investment-Grade Portfolio

Vanguard VIF Total Bond Market Index Portfolio

Vanguard VIF Total International Stock Market Index Portfolio

Vanguard VIF Total Stock Market Index Portfolio

Western Asset Core Plus VIT Portfolio, Class II

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

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

<u>Subaccount Change: Merged Subaccount</u><br> During 2024 the following Subaccount was merged:

<u>Original Subaccount</u> <u>Merged Into</u> <u>Date of Merger</u> <br> Invesco V.I. Conservative Balanced Fund, Series II Invesco V.I. Equity and Income Fund, Series II April 26, 2024

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

During 2024, the following Subaccounts were reorganized:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Previous Name</u> | &nbsp;&nbsp;&nbsp;<u>New Name</u> | <u>Date of Reorganization</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Century VP Balanced, Class I | &nbsp;&nbsp;&nbsp;LVIP American Century Balanced Fund, Standard Class II | April 26, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Century VP Disciplined Core Value, Class I | &nbsp;&nbsp;&nbsp;LVIP American Century Disciplined Core Value Fund, Standard Class II | April 26, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Century VP International, Class I | &nbsp;&nbsp;&nbsp;LVIP American Century International Fund, Standard Class II | April 26, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Century VP Ultra, Class I | &nbsp;&nbsp;&nbsp;LVIP American Century Ultra Fund, Standard Class II | April 26, 2024 |

---

<u>Subaccount Changes: Name Changes</u><br> During 2025, the following Subaccounts changed their names:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Previous Name</u> | &nbsp;&nbsp;&nbsp;<u>New Name</u> | <u>Date of Change</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity VIP Asset Manager | &nbsp;&nbsp;&nbsp;Fidelity VIP Asset Manager 50% Portfolio, | April 30, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Growth, Service 2 | &nbsp;&nbsp;&nbsp;Service Class 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity VIP II Asset Manager, | &nbsp;&nbsp;&nbsp;Fidelity VIP Asset Manager 70% Portfolio, | April 30, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service 2 | &nbsp;&nbsp;&nbsp;Service Class 2 |  |

---

<u>Subaccount Changes: Liquidations</u><br> During 2025 and 2024, the following Subaccounts were liquidated:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Subaccount Name</u> | <u>Date of Liquidation</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs VIT Multi-Strategy Alternatives Portfolio, Service Shares | January 15, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Long Short Equity Fund | August 15, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco V.I. Nasdaq 100 Buffer Fund, December Series II | January 15, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco V.I. Nasdaq 100 Buffer Fund, June Series II | January 15, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco V.I. Nasdaq 100 Buffer Fund, March Series II | January 15, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco V.I. Nasdaq 100 Buffer Fund, September Series II | January 15, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley VIF Global Real Estate Portfolio, Class II | December 5, 2024 |

---

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

During 2025 and 2024, the following Subaccounts commenced trading:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Subaccount Name</u> | <u>Date Trading Commenced</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AB VPS Balanced Hedged Allocation Portfolio, Class B | August 20, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Funds IS American Funds Global Balanced Fund, Class 4 | May 6, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 | January 4, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity VIP Emerging Markets Portfolio, Service Class 2 | January 4, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | June 21, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Trust Multi Income Allocation Portfolio, Class I | May 22, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | May 16, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco V.I. Nasdaq 100 Buffer Fund, December Series II | October 4, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Janus Henderson VIT Enterprise Portfolio, Service Shares | January 5, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LVIP American Century Disciplined Core Value Fund, Standard Class II | March 27, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | January 16, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MFS VIT II Research International Portfolio, Service Class | January 3, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley VIF Growth Portfolio, Class II | January 4, 2024 |

---

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

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

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

2. SIGNIFICANT ACCOUNTING POLICIES

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

<u>Investment valuation</u>

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

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

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

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

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

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

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

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

<u>Receivable from dividends</u>

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

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

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

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

Net assets allocated to Contracts in the annuity payout period are computed according to the Annuity 2012 IAM ANB Mortality Table with an assumed investment return of 5%. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Separate Account by the Company to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the Company for the calculated or excess differential. Any adjustments to these amounts are reflected in net transfers (to) from the Company and/or Subaccounts on the Statements of Changes in Net Assets of the applicable Subaccounts.

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

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

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

Net realized gains and losses on investments include gains and losses on redemptions of the Subaccounts' shares (determined for each product using the last-in-first-out (LIFO) or a weighted average cost basis, depending on the product) and capital gain distributions from the mutual funds.

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

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

<u>Federal income taxes</u>

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

<u>Use of estimates</u>

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

<u>Risks and uncertainties</u>

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

3. PURCHASES AND SALES OF INVESTMENTS

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

---

| | | |
|:---|:---|:---|
| Subaccount | Purchases | Sales |
| AB VPS Balanced Hedged Allocation Portfolio, Class B | $777502 | $10289 |
| AB VPS Discovery Value Portfolio, Class B | 297078 | 320775 |
| AB VPS Large Cap Growth Portfolio, Class B | 50462523 | 3889204 |
| AB VPS Relative Value Portfolio, Class B | 1070876 | 1220554 |
| AB VPS Small Cap Growth Portfolio, Class B | 352419 | 63353 |
| American Funds IS American Funds Global Balanced Fund, Class 4 | 6012679 | 723068 |
| American Funds IS American High-Income Trust, Class 2 | 105175 | 71299 |
| American Funds IS American High-Income Trust, Class 4 | 4210643 | 472249 |
| American Funds IS Asset Allocation Fund, Class 2 | 10786274 | 17526996 |
| American Funds IS Asset Allocation Fund, Class 4 | 79089021 | 9387833 |
| American Funds IS Capital Income Builder, Class 2 | 382699 | 749132 |
| American Funds IS Capital Income Builder, Class 4 | 15718240 | 4132360 |
| American Funds IS Capital World Bond Fund, Class 2 | 77188 | 35450 |
| American Funds IS Capital World Bond Fund, Class 4 | 2454831 | 505083 |
| American Funds IS Capital World Growth and Income Fund, Class 2 | 448849 | 448223 |
| American Funds IS Capital World Growth and Income Fund, Class 4 | 12469971 | 2679455 |
| American Funds IS Global Growth Fund, Class 2 | 14234188 | 15823096 |
| American Funds IS Global Growth Fund, Class 4 | 109673104 | 7973950 |
| American Funds IS Global Small Capitalization Fund, Class 2 | 524834 | 657462 |
| American Funds IS Global Small Capitalization Fund, Class 4 | 1469210 | 440166 |
| American Funds IS Growth Fund, Class 2 | 8853425 | 12311399 |
| American Funds IS Growth Fund, Class 4 | 107410532 | 21652596 |
| American Funds IS Growth-Income Fund, Class 2 | 4177841 | 2007049 |
| American Funds IS Growth-Income Fund, Class 4 | 71059623 | 9309502 |
| American Funds IS International Fund, Class 2 | 558132 | 1195258 |
| American Funds IS International Fund, Class 4 | 17778639 | 586952 |
| American Funds IS International Growth and Income Fund, Class 2 | 101438 | 85695 |
| American Funds IS International Growth and Income Fund, Class 4 | 1499107 | 351990 |
| American Funds IS New World Fund, Class 2 | 968722 | 1938926 |
| American Funds IS New World Fund, Class 4 | 1454029 | 175021 |
| American Funds IS The Bond Fund of America, Class 2 | 4598562 | 2747818 |
| American Funds IS The Bond Fund of America, Class 4 | 83102403 | 4752909 |
| American Funds IS U.S. Government Securities Fund, Class 2 | 391734 | 308253 |
| American Funds IS U.S. Government Securities Fund, Class 4 | 17627581 | 1475561 |
| American Funds IS Washington Mutual Investors Fund, Class 2 | 5239216 | 6379050 |
| American Funds IS Washington Mutual Investors Fund, Class 4 | 32590440 | 2742761 |
| BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | 12014460 | 3874053 |
| BlackRock Advantage SMID Cap V.I. Fund, Class III | 2996319 | 356490 |
| BlackRock Global Allocation V.I. Fund, Class III | 27206556 | 3291921 |
| BlackRock International V.I. Fund, Class I | 979261 | 334019 |
| Calvert VP SRI Balanced Portfolio, Class I | 62574 | 82854 |
| ClearBridge Variable Dividend Strategy Portfolio, Class II | 230384 | 314139 |
| ClearBridge Variable Large Cap Growth Portfolio, Class II | 770431 | 676828 |
| ClearBridge Variable Mid Cap Portfolio, Class II | 29015192 | 31352560 |
| ClearBridge Variable Small Cap Growth Portfolio, Class II | 9278243 | 10295523 |

---

---

| | | |
|:---|:---|:---|
| Subaccount | Purchases | Sales |
| Columbia VP Balanced Fund, Class 2 | $4452595 | $1563524 |
| Columbia VP Emerging Markets Bond Fund, Class 2 | 721413 | 461738 |
| Columbia VP Intermediate Bond Fund, Class 2 | 950776 | 666315 |
| Columbia VP Limited Duration Credit Fund, Class 2 | 908747 | 186555 |
| Columbia VP Select Mid Cap Value Fund, Class 2 | 287328 | 173296 |
| Columbia VP Seligman Global Technology Fund, Class 2 | 1319096 | 268126 |
| Columbia VP Strategic Income Fund, Class 2 | 19232566 | 1668610 |
| Dimensional VA Equity Allocation Portfolio, Institutional | 668799 | 460987 |
| Dimensional VA Global Bond Portfolio, Institutional | 1563845 | 173594 |
| Dimensional VA Global Moderate Allocation Portfolio, Institutional | 358109 | 100061 |
| Dimensional VA International Small Portfolio, Institutional | 215163 | 197917 |
| Dimensional VA International Value Portfolio, Institutional | 325198 | 341379 |
| Dimensional VA Short-Term Fixed Portfolio, Institutional | 303514 | 185974 |
| Dimensional VA US Large Value Portfolio, Institutional | 1862108 | 366824 |
| Dimensional VA US Targeted Value Portfolio, Institutional | 937154 | 234368 |
| Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | 2121833 | 607798 |
| Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | 17180304 | 2289813 |
| Fidelity VIP Balanced Portfolio, Service Class 2 | 47269039 | 6814996 |
| Fidelity VIP Bond Index Portfolio, Service Class 2 | 9161477 | 913185 |
| Fidelity VIP Contrafund Portfolio, Service Class 2 | 145679110 | 144262376 |
| Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 | 41160 | 2887 |
| Fidelity VIP Emerging Markets Portfolio, Service Class 2 | 15105 | 7965 |
| Fidelity VIP Energy Portfolio, Service Class 2 | 927103 | 498820 |
| Fidelity VIP Equity-Income Portfolio, Service Class 2 | 440918 | 1202884 |
| Fidelity VIP Extended Market Index Portfolio, Service Class 2 | 148230 | 32285 |
| Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | 754677 | 1208236 |
| Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | 233056 | 160906 |
| Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | 1709896 | 570554 |
| Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | 1800296 | 105432 |
| Fidelity VIP FundsManager 85% Portfolio, Service Class 2 | 537328 | 17780 |
| Fidelity VIP Growth & Income Portfolio, Service Class 2 | 670885 | 106332 |
| Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | 21988 | 329 |
| Fidelity VIP Growth Portfolio, Service Class 2 | 3201361 | 1237510 |
| Fidelity VIP Health Care Portfolio, Service Class 2 | 1127965 | 589009 |
| Fidelity VIP High Income Portfolio, Service Class 2 | 855548 | 405390 |
| Fidelity VIP Index 500 Portfolio, Service Class 2 | 358764958 | 440226577 |
| Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | 19325 | 38846 |
| Fidelity VIP International Index Portfolio, Service Class 2 | 2048007 | 415829 |
| Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | 43812387 | 37221018 |
| Fidelity VIP Mid Cap Portfolio, Service Class 2 | 127590734 | 131228669 |
| Fidelity VIP Strategic Income Portfolio, Service Class 2 | 899689 | 399903 |
| Fidelity VIP Target Volatility Portfolio, Service Class 2 | 246143 | 151012 |
| Fidelity VIP Technology Portfolio, Initial Class | 19134636 | 1100633 |
| Fidelity VIP Total Market Index Portfolio, Service Class 2 | 1485803 | 346833 |
| Fidelity VIP Utilities Portfolio, Initial Class | 146442 | 54459 |
| Fidelity VIP Value Strategies Portfolio, Service Class 2 | 440148 | 90849 |
| First Trust Multi Income Allocation Portfolio, Class I | 566005 | 170215 |
| First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | 4265095 | 127030 |
| Franklin DynaTech VIP Fund, Class 2 | 21457533 | 28902728 |

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---

| | | |
|:---|:---|:---|
| Subaccount | Purchases | Sales |
| Franklin Income VIP Fund, Class 2 | $93549625 | $53052711 |
| Franklin Mutual Global Discovery VIP Fund, Class 2 | 540159 | 808633 |
| Franklin Mutual Shares VIP Fund, Class 2 | 164736222 | 171048770 |
| Franklin Rising Dividends VIP Fund, Class 2 | 175635969 | 124258105 |
| Franklin Small Cap Value VIP Fund, Class 2 | 30129109 | 13315143 |
| Franklin Small-Mid Cap Growth VIP Fund, Class 2 | 14346316 | 15227490 |
| Franklin Strategic Income VIP Fund, Class 2 | 409132 | 413534 |
| Franklin U.S. Government Securities VIP Fund, Class 2 | 14032467 | 46601390 |
| Goldman Sachs VIT Core Fixed Income Fund, Service Class | 3748383 | 4394191 |
| Goldman Sachs VIT International Equity Insights Fund, Institutional Class | 3131327 | 4047749 |
| Goldman Sachs VIT International Equity Insights Fund, Service Class | 10502291 | 11379382 |
| Goldman Sachs VIT Large Cap Value Fund, Institutional Class | 4976798 | 5074690 |
| Goldman Sachs VIT Large Cap Value Fund, Service Class | 13477976 | 14360797 |
| Goldman Sachs VIT Mid Cap Growth Fund, Service Class | 14361747 | 13780515 |
| Goldman Sachs VIT Mid Cap Value Fund, Institutional Class | 735078 | 834918 |
| Goldman Sachs VIT Mid Cap Value Fund, Service Class | 55154855 | 57408731 |
| Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class | 1970434 | 3634948 |
| Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | 1291722 | 2062075 |
| Goldman Sachs VIT Strategic Growth Fund, Institutional Class | 5481076 | 5668891 |
| Goldman Sachs VIT Strategic Growth Fund, Service Class | 98490612 | 84252508 |
| Goldman Sachs VIT Trend Driven Allocation Fund, Service Class | 1640304 | 982283 |
| Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | 3900125 | 4275932 |
| Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | 92605 | 106451 |
| Guggenheim Floating Rate Strategies Series | 380327 | 1010041 |
| Guggenheim Global Managed Futures Strategy Fund | 4983 | 79715 |
| Guggenheim Multi-Hedge Strategies Fund | 74077 | 201969 |
| Invesco V.I. American Franchise Fund, Series I | 724211 | 903577 |
| Invesco V.I. American Franchise Fund, Series II | 363348 | 348825 |
| Invesco V.I. American Value Fund, Series II | 25265292 | 30157504 |
| Invesco V.I. Balanced-Risk Allocation Fund, Series II | 5119255 | 9128738 |
| Invesco V.I. Comstock Fund, Series I | 2963253 | 3534733 |
| Invesco V.I. Comstock Fund, Series II | 42619138 | 45338686 |
| Invesco V.I. Discovery Large Cap Fund, Series I | 1129342 | 1090149 |
| Invesco V.I. Discovery Large Cap Fund, Series II | 28754438 | 31898070 |
| Invesco V.I. Discovery Mid Cap Growth Fund, Series I | 367848 | 517378 |
| Invesco V.I. Discovery Mid Cap Growth Fund, Series II | 8773174 | 10037072 |
| Invesco V.I. Equity and Income Fund, Series II | 98242061 | 80779181 |
| Invesco V.I. EQV International Equity Fund, Series II | 46321710 | 33379678 |
| Invesco V.I. Global Fund, Series I | 1294031 | 687825 |
| Invesco V.I. Global Fund, Series II | 95919564 | 96823052 |
| Invesco V.I. Global Real Estate Fund, Series II | 12102008 | 9762774 |
| Invesco V.I. Global Strategic Income Fund, Series I | 336979 | 734911 |
| Invesco V.I. Global Strategic Income Fund, Series II | 11665206 | 34631770 |
| Invesco V.I. Government Securities Fund, Series II | 6970841 | 16438519 |
| Invesco V.I. Growth and Income Fund, Series I | 2802269 | 3663700 |
| Invesco V.I. Growth and Income Fund, Series II | 200678671 | 230729319 |
| Invesco V.I. Main Street Fund, Series I | 552600 | 1270584 |
| Invesco V.I. Main Street Fund, Series II | 18475289 | 29932004 |

---

---

| | | |
|:---|:---|:---|
| Subaccount | Purchases | Sales |
| Invesco V.I. Main Street Mid Cap Fund, Series II | $2436807 | $196761 |
| Invesco V.I. Main Street Small Cap Fund, Series II | 19180277 | 831140 |
| Invesco V.I. Small Cap Equity Fund, Series II | 6536434 | 7164120 |
| Invesco V.I. U.S. Government Money Portfolio, Series I | 1496448927 | 1561281506 |
| Janus Henderson VIT Balanced Portfolio, Service Shares | 19484020 | 1851018 |
| Janus Henderson VIT Enterprise Portfolio, Service Shares | 889367 | 193068 |
| Janus Henderson VIT Forty Portfolio, Service Shares | 6234686 | 686232 |
| Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares | 21004 | 1126 |
| Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | 5371264 | 646402 |
| Janus Henderson VIT Overseas Portfolio, Service Shares | 2937436 | 416909 |
| Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | 71297991 | 70130989 |
| Lord Abbett Series Fund Dividend Growth Portfolio, Class VC | 23804594 | 31096860 |
| Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | 77713650 | 87310167 |
| Lord Abbett Series Fund Growth and Income Portfolio, Class VC | 7230315 | 11366399 |
| Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC | 36910598 | 40532993 |
| Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC | 8042831 | 10159589 |
| Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | 7134731 | 1593062 |
| LVIP American Century Balanced Fund, Standard Class II | 44945 | 36680 |
| LVIP American Century Disciplined Core Value Fund, Standard Class II | 511 | 206 |
| LVIP American Century International Fund, Standard Class II | 3673 | 4830 |
| LVIP American Century Ultra Fund, Standard Class II | 42831 | 7764 |
| MFS VIT Growth Series, Initial Class | 1229881 | 1025287 |
| MFS VIT Growth Series, Service Class | 18386578 | 9582411 |
| MFS VIT II Core Equity Portfolio, Service Class | 3399244 | 299999 |
| MFS VIT II Emerging Markets Equity Portfolio, Service Class | 10470 | 103670 |
| MFS VIT II International Growth Portfolio, Service Class | 3064355 | 522546 |
| MFS VIT II International Intrinsic Value Portfolio, Service Class | 3681038 | 4545029 |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class | 256035 | 271056 |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class | 5621975 | 4631646 |
| MFS VIT II Research International Portfolio, Service Class | 642123 | 67452 |
| MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | 161099 | 5119 |
| MFS VIT III Global Real Estate Portfolio, Service Class | 49211 | 5427 |
| MFS VIT III Mid Cap Value Portfolio, Service Class | 977503 | 85597 |
| MFS VIT Investors Trust Series, Initial Class | 2120135 | 631693 |
| MFS VIT Investors Trust Series, Service Class | 15538724 | 7030399 |
| MFS VIT Mid Cap Growth Series, Service Class | 1128605 | 51939 |
| MFS VIT New Discovery Series, Initial Class | 33090 | 211301 |
| MFS VIT New Discovery Series, Service Class | 1219811 | 7538140 |
| MFS VIT Research Series, Initial Class | 1315487 | 514999 |
| MFS VIT Research Series, Service Class | 880999 | 719627 |
| MFS VIT Total Return Bond Series, Service Class | 14006549 | 39669175 |
| MFS VIT Total Return Series, Initial Class | 1639012 | 2461756 |
| MFS VIT Total Return Series, Service Class | 6170224 | 6247048 |
| MFS VIT Utilities Series, Initial Class | 114776 | 372663 |
| MFS VIT Utilities Series, Service Class | 1000483 | 3016930 |
| MFS VIT Value Series, Service Class | 12193130 | 20649642 |
| Morgan Stanley VIF Global Strategist Portfolio, Class II | 297773 | 158344 |
| Morgan Stanley VIF Growth Portfolio, Class II | 318481 | 125348 |
| PIMCO VIT All Asset Portfolio, Advisor Class | 3382611 | 3237801 |

---

---

| | | |
|:---|:---|:---|
| Subaccount | Purchases | Sales |
| PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | $127 | $930 |
| PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class | 764001 | 796054 |
| PIMCO VIT High Yield Portfolio, Advisor Class | 906398 | 615530 |
| PIMCO VIT Income Portfolio, Advisor Class | 3356022 | 550281 |
| PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | 1835027 | 4224290 |
| PIMCO VIT Low Duration Portfolio, Advisor Class | 11195572 | 18414837 |
| PIMCO VIT Real Return Portfolio, Advisor Class | 11902140 | 35378770 |
| PIMCO VIT Short-Term Portfolio, Advisor Class | 20517960 | 12743928 |
| PIMCO VIT Total Return Portfolio, Advisor Class | 47044621 | 89628925 |
| Protective Life Dynamic Allocation Series Conservative Portfolio | 6898169 | 7790596 |
| Protective Life Dynamic Allocation Series Growth Portfolio | 7216904 | 13955642 |
| Protective Life Dynamic Allocation Series Moderate Portfolio | 71893090 | 70939328 |
| Royce Capital Fund Micro-Cap Portfolio, Service Class | 7461197 | 7740371 |
| Royce Capital Fund Small-Cap Portfolio, Service Class | 72926130 | 72432204 |
| Rydex Commodities Strategy Fund | 1351 | 713 |
| Rydex Inverse Government Long Bond Strategy Fund | 1544 | 395 |
| T. Rowe Price All-Cap Opportunities Portfolio | 2175722 | 209107 |
| T. Rowe Price Blue Chip Growth Portfolio, Class II | 45522894 | 4242074 |
| T. Rowe Price Health Sciences Portfolio, Class II | 17350203 | 901112 |
| T. Rowe Price Mid-Cap Growth Portfolio, Class II | 4738222 | 481222 |
| T. Rowe Price Moderate Allocation Portfolio | 12587933 | 2485737 |
| Templeton Developing Markets VIP Fund, Class 2 | 4858284 | 6632427 |
| Templeton Foreign VIP Fund, Class 2 | 19542434 | 18393729 |
| Templeton Global Bond VIP Fund, Class 2 | 4474108 | 29780235 |
| Templeton Growth VIP Fund, Class 2 | 17300876 | 23124917 |
| VanEck VIP Global Resources Fund, Initial Class | 139 | 84 |
| Vanguard VIF Balanced Portfolio | 684508 | 18917 |
| Vanguard VIF Capital Growth Portfolio | 287476 | 99253 |
| Vanguard VIF Conservative Allocation Portfolio | 166061 | 24706 |
| Vanguard VIF Diversified Value Portfolio | 61420 | 9061 |
| Vanguard VIF Equity Income Portfolio | 2666795 | 1150744 |
| Vanguard VIF Equity Index Portfolio | 2158143 | 360705 |
| Vanguard VIF Global Bond Index Portfolio | 483083 | 17725 |
| Vanguard VIF Growth Portfolio | 2485547 | 578345 |
| Vanguard VIF High Yield Bond Portfolio | 87226 | 45489 |
| Vanguard VIF International Portfolio | 269705 | 245103 |
| Vanguard VIF Mid-Cap Index Portfolio | 2222248 | 199615 |
| Vanguard VIF Moderate Allocation Portfolio | 785124 | 208347 |
| Vanguard VIF Money Market Portfolio | 407301 | 88152 |
| Vanguard VIF Real Estate Index Portfolio | 555887 | 36239 |
| Vanguard VIF Short-Term Investment-Grade Portfolio | 1107155 | 409984 |
| Vanguard VIF Total Bond Market Index Portfolio | 4385716 | 238158 |
| Vanguard VIF Total International Stock Market Index Portfolio | 2795235 | 204382 |
| Vanguard VIF Total Stock Market Index Portfolio | 3498930 | 269713 |
| Western Asset Core Plus VIT Portfolio, Class II | 632600 | 764189 |

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4. CHANGES IN UNITS OUTSTANDING

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

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) |
| AB VPS Balanced Hedged Allocation Portfolio, Class B | 64906 | 627 | 64279 | 5530 | 17 | 5513 |
| AB VPS Discovery Value Portfolio, Class B | 16949 | 28238 | (11289) | 5839 | 19010 | (13171) |
| AB VPS Large Cap Growth Portfolio, Class B | 2655187 | 230081 | 2425106 | 2268171 | 236327 | 2031844 |
| AB VPS Relative Value Portfolio, Class B | 64017 | 89857 | (25840) | 56837 | 26953 | 29884 |
| AB VPS Small Cap Growth Portfolio, Class B | 33296 | 6820 | 26476 | 24884 | 6280 | 18604 |
| American Funds IS American Funds Global Balanced Fund, Class 4 | 506750 | 58447 | 448303 | 425131 | 15161 | 409970 |
| American Funds IS American High-Income Trust, Class 2 | 4176 | 5658 | (1482) | 6820 | 894 | 5926 |
| American Funds IS American High-Income Trust, Class 4 | 305983 | 34926 | 271057 | 328499 | 9126 | 319373 |
| American Funds IS Asset Allocation Fund, Class 2 | 99204 | 569973 | (470769) | 73646 | 536307 | (462661) |
| American Funds IS Asset Allocation Fund, Class 4 | 4966332 | 493970 | 4472362 | 5304221 | 504062 | 4800159 |
| American Funds IS Capital Income Builder, Class 2 | 9186 | 44522 | (35336) | 15462 | 61927 | (46465) |
| American Funds IS Capital Income Builder, Class 4 | 1174455 | 271180 | 903275 | 1565221 | 179807 | 1385414 |
| American Funds IS Capital World Bond Fund, Class 2 | 7236 | 3736 | 3500 | 5249 | 3800 | 1449 |
| American Funds IS Capital World Bond Fund, Class 4 | 224176 | 45052 | 179124 | 258795 | 40166 | 218629 |
| American Funds IS Capital World Growth and Income Fund, Class 2 | 4296 | 21451 | (17155) | 10295 | 65763 | (55468) |
| American Funds IS Capital World Growth and Income Fund, Class 4 | 838130 | 164927 | 673203 | 511376 | 90883 | 420493 |
| American Funds IS Global Growth Fund, Class 2 | 56789 | 644487 | (587698) | 75298 | 812337 | (737039) |
| American Funds IS Global Growth Fund, Class 4 | 6337969 | 337824 | 6000145 | 6023615 | 227187 | 5796428 |
| American Funds IS Global Small Capitalization Fund, Class 2 | 26171 | 43785 | (17614) | 30989 | 73857 | (42868) |
| American Funds IS Global Small Capitalization Fund, Class 4 | 123304 | 35074 | 88230 | 153231 | 16177 | 137054 |
| American Funds IS Growth Fund, Class 2 | 89463 | 385382 | (295919) | 33523 | 466443 | (432920) |
| American Funds IS Growth Fund, Class 4 | 5199257 | 678055 | 4521202 | 5591222 | 580056 | 5011166 |
| American Funds IS Growth-Income Fund, Class 2 | 7452 | 87334 | (79882) | 1523 | 112677 | (111154) |
| American Funds IS Growth-Income Fund, Class 4 | 3291073 | 388729 | 2902344 | 3817911 | 223551 | 3594360 |
| American Funds IS International Fund, Class 2 | 35857 | 88015 | (52158) | 29281 | 95251 | (65970) |
| American Funds IS International Fund, Class 4 | 1446024 | 29238 | 1416786 | 1314088 | 10969 | 1303119 |
| American Funds IS International Growth and Income Fund, Class 2 | 5920 | 6764 | (844) | 5134 | 7232 | (2098) |
| American Funds IS International Growth and Income Fund, Class 4 | 110940 | 25036 | 85904 | 100858 | 18008 | 82850 |
| American Funds IS New World Fund, Class 2 | 29118 | 114663 | (85545) | 57759 | 88692 | (30933) |
| American Funds IS New World Fund, Class 4 | 107791 | 11756 | 96035 | 79465 | 2668 | 76797 |
| American Funds IS The Bond Fund of America, Class 2 | 263196 | 234067 | 29129 | 310635 | 149559 | 161076 |
| American Funds IS The Bond Fund of America, Class 4 | 7427250 | 360589 | 7066661 | 6747686 | 244456 | 6503230 |
| American Funds IS U.S. Government Securities Fund, Class 2 | 21277 | 26998 | (5721) | 37810 | 19402 | 18408 |
| American Funds IS U.S. Government Securities Fund, Class 4 | 1615630 | 129457 | 1486173 | 1123121 | 118496 | 1004625 |
| American Funds IS Washington Mutual Investors Fund, Class 2 | 67092 | 264789 | (197697) | 61787 | 282623 | (220836) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) |
| American Funds IS Washington Mutual Investors Fund, Class 4 | 1923010 | 142411 | 1780599 | 2312487 | 67321 | 2245166 |
| BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | 811740 | 298205 | 513535 | 971615 | 108320 | 863295 |
| BlackRock Advantage SMID Cap V.I. Fund, Class III | 183173 | 26523 | 156650 | 171547 | 3864 | 167683 |
| BlackRock Global Allocation V.I. Fund, Class III | 1453082 | 256301 | 1196781 | 1614003 | 127685 | 1486318 |
| BlackRock International V.I. Fund, Class I | 85120 | 28201 | 56919 | 103465 | 35458 | 68007 |
| Calvert VP SRI Balanced Portfolio, Class I | 15 | 1671 | (1656) | 5 | 14324 | (14319) |
| ClearBridge Variable Dividend Strategy Portfolio, Class II | 11747 | 21306 | (9559) | 11049 | 5285 | 5764 |
| ClearBridge Variable Large Cap Growth Portfolio, Class II | 45820 | 44685 | 1135 | 15322 | 14041 | 1281 |
| ClearBridge Variable Mid Cap Portfolio, Class II | 927832 | 1103418 | (175586) | 327850 | 517505 | (189655) |
| ClearBridge Variable Small Cap Growth Portfolio, Class II | 257720 | 312331 | (54611) | 463099 | 401344 | 61755 |
| Columbia VP Balanced Fund, Class 2 | 337527 | 109393 | 228134 | 384376 | 80201 | 304175 |
| Columbia VP Emerging Markets Bond Fund, Class 2 | 57268 | 39722 | 17546 | 77660 | 15557 | 62103 |
| Columbia VP Intermediate Bond Fund, Class 2 | 86448 | 69841 | 16607 | 84800 | 31106 | 53694 |
| Columbia VP Limited Duration Credit Fund, Class 2 | 75041 | 16733 | 58308 | 61554 | 14279 | 47275 |
| Columbia VP Select Mid Cap Value Fund, Class 2 | 24209 | 13076 | 11133 | 20040 | 17619 | 2421 |
| Columbia VP Seligman Global Technology Fund, Class 2 | 32651 | 9803 | 22848 | 532385 | 2040 | 530345 |
| Columbia VP Strategic Income Fund, Class 2 | 1579250 | 128072 | 1451178 | 1508581 | 73242 | 1435339 |
| Dimensional VA Equity Allocation Portfolio, Institutional | 34456 | 23152 | 11304 |  | 928 | (928) |
| Dimensional VA Global Bond Portfolio, Institutional | 139541 | 15962 | 123579 | 50289 | 9686 | 40603 |
| Dimensional VA Global Moderate Allocation Portfolio, Institutional | 17611 | 5794 | 11817 | 148939 | 62355 | 86584 |
| Dimensional VA International Small Portfolio, Institutional | 5676 | 11490 | (5814) | 20307 | 7284 | 13023 |
| Dimensional VA International Value Portfolio, Institutional | 7230 | 15852 | (8622) | 22429 | 7430 | 14999 |
| Dimensional VA Short-Term Fixed Portfolio, Institutional | 17685 | 16245 | 1440 | 39124 | 25728 | 13396 |
| Dimensional VA US Large Value Portfolio, Institutional | 70460 | 17554 | 52906 | 49936 | 24256 | 25680 |
| Dimensional VA US Targeted Value Portfolio, Institutional | 27161 | 9260 | 17901 | 15855 | 9651 | 6204 |
| Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | 163413 | 49991 | 113422 | 127745 | 2159 | 125586 |
| Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | 1243130 | 158145 | 1084985 | 1335223 | 59626 | 1275597 |
| Fidelity VIP Balanced Portfolio, Service Class 2 | 3144584 | 477695 | 2666889 | 2793055 | 343792 | 2449263 |
| Fidelity VIP Bond Index Portfolio, Service Class 2 | 823343 | 77397 | 745946 | 767331 | 39000 | 728331 |
| Fidelity VIP Contrafund Portfolio, Service Class 2 | 2139923 | 2849137 | (709214) | 694952 | 1676735 | (981783) |
| Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 | 2770 | 138 | 2632 | 3278 | 8 | 3270 |
| Fidelity VIP Emerging Markets Portfolio, Service Class 2 | 1008 | 592 | 416 | 2673 | 51 | 2622 |
| Fidelity VIP Energy Portfolio, Service Class 2 | 49202 | 25704 | 23498 | 42543 | 67672 | (25129) |
| Fidelity VIP Equity-Income Portfolio, Service Class 2 | 2330 | 29012 | (26682) | 2444 | 26104 | (23660) |
| Fidelity VIP Extended Market Index Portfolio, Service Class 2 | 12549 | 2353 | 10196 | 44242 | 749 | 43493 |
| Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | 29307 | 53358 | (24051) | 43984 | 2880 | 41104 |
| Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | 1523 | 4525 | (3002) | 4963 | 6168 | (1205) |
| Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | 150798 | 51359 | 99439 | 50659 | 36841 | 13818 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) |
| Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | 136705 | 6760 | 129945 | 133936 | 6055 | 127881 |
| Fidelity VIP FundsManager 85% Portfolio, Service Class 2 | 41482 | 1032 | 40450 | 7852 | 49694 | (41842) |
| Fidelity VIP Growth & Income Portfolio, Service Class 2 | 37905 | 6438 | 31467 | 39282 | 2472 | 36810 |
| Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | 1429 | 14 | 1415 | 3831 | 2511 | 1320 |
| Fidelity VIP Growth Portfolio, Service Class 2 | 24908 | 13881 | 11027 | 19830 | 6826 | 13004 |
| Fidelity VIP Health Care Portfolio, Service Class 2 | 93487 | 53035 | 40452 | 85737 | 32131 | 53606 |
| Fidelity VIP High Income Portfolio, Service Class 2 | 69177 | 34156 | 35021 | 17073 | 215 | 16858 |
| Fidelity VIP Index 500 Portfolio, Service Class 2 | 7830438 | 9026434 | (1195996) | 2754366 | 2954650 | (200284) |
| Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | 766 | 2813 | (2047) | 8401 | 62 | 8339 |
| Fidelity VIP International Index Portfolio, Service Class 2 | 152229 | 31591 | 120638 | 117981 | 12690 | 105291 |
| Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | 2909395 | 2702497 | 206898 | 3675851 | 2121031 | 1554820 |
| Fidelity VIP Mid Cap Portfolio, Service Class 2 | 3191469 | 3961901 | (770432) | 200744 | 1440216 | (1239472) |
| Fidelity VIP Strategic Income Portfolio, Service Class 2 | 77220 | 34515 | 42705 | 30922 | 146 | 30776 |
| Fidelity VIP Target Volatility Portfolio, Service Class 2 | 12975 | 12615 | 360 | 17175 | 17417 | (242) |
| Fidelity VIP Technology Portfolio, Initial Class | 881400 | 42723 | 838677 | 830955 | 19194 | 811761 |
| Fidelity VIP Total Market Index Portfolio, Service Class 2 | 95116 | 19983 | 75133 | 140635 | 8942 | 131693 |
| Fidelity VIP Utilities Portfolio, Initial Class | 8600 | 3344 | 5256 | 4987 | 4608 | 379 |
| Fidelity VIP Value Strategies Portfolio, Service Class 2 | 29241 | 6219 | 23022 | 49772 | 4272 | 45500 |
| First Trust Multi Income Allocation Portfolio, Class I | 54985 | 16286 | 38699 |  |  |  |
| First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | 413261 | 11541 | 401720 |  |  |  |
| Franklin DynaTech VIP Fund, Class 2 | 556132 | 731186 | (175054) | 224406 | 360372 | (135966) |
| Franklin Income VIP Fund, Class 2 | 5470212 | 2426704 | 3043508 | 2535915 | 1045854 | 1490061 |
| Franklin Mutual Global Discovery VIP Fund, Class 2 | 8835 | 48151 | (39316) | 8241 | 32188 | (23947) |
| Franklin Mutual Shares VIP Fund, Class 2 | 4737410 | 7060363 | (2322953) | 64918 | 3534808 | (3469890) |
| Franklin Rising Dividends VIP Fund, Class 2 | 5671559 | 3159787 | 2511772 | 3652933 | 1255375 | 2397558 |
| Franklin Small Cap Value VIP Fund, Class 2 | 1534008 | 414023 | 1119985 | 1045489 | 242834 | 802655 |
| Franklin Small-Mid Cap Growth VIP Fund, Class 2 | 393596 | 454276 | (60680) | 110023 | 220719 | (110696) |
| Franklin Strategic Income VIP Fund, Class 2 | 13122 | 33093 | (19971) | 79668 | 108482 | (28814) |
| Franklin U.S. Government Securities VIP Fund, Class 2 | 437523 | 4096299 | (3658776) | 1459519 | 3393228 | (1933709) |
| Goldman Sachs VIT Core Fixed Income Fund, Service Class | 269645 | 399185 | (129540) | 372146 | 367430 | 4716 |
| Goldman Sachs VIT International Equity Insights Fund, Institutional Class | 17751 | 153018 | (135267) | 26987 | 143264 | (116277) |
| Goldman Sachs VIT International Equity Insights Fund, Service Class | 367913 | 648104 | (280191) | 113253 | 527669 | (414416) |
| Goldman Sachs VIT Large Cap Value Fund, Institutional Class | 13244 | 87073 | (73829) | 13207 | 130846 | (117639) |
| Goldman Sachs VIT Large Cap Value Fund, Service Class | 102751 | 444312 | (341561) | 14525 | 664469 | (649944) |
| Goldman Sachs VIT Mid Cap Growth Fund, Service Class | 217950 | 323854 | (105904) | 122243 | 275254 | (153011) |
| Goldman Sachs VIT Mid Cap Value Fund, Institutional Class | 1949 | 14554 | (12605) | 3926 | 16822 | (12896) |
| Goldman Sachs VIT Mid Cap Value Fund, Service Class | 1518832 | 1883226 | (364394) | 161134 | 632127 | (470993) |
| Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class | 5872 | 41451 | (35579) | 7953 | 42200 | (34247) |
| Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | 16987 | 57724 | (40737) | 11128 | 70015 | (58887) |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) |
| Goldman Sachs VIT Strategic Growth Fund, Institutional Class | 5327 | 53258 | (47931) | 7962 | 76488 | (68526) |
| Goldman Sachs VIT Strategic Growth Fund, Service Class | 1911474 | 1475612 | 435862 | 1248473 | 777655 | 470818 |
| Goldman Sachs VIT Trend Driven Allocation Fund, Service Class | 59850 | 63553 | (3703) | 56260 | 129968 | (73708) |
| Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | 4349 | 38835 | (34486) | 3330 | 43544 | (40214) |
| Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | 193 | 1511 | (1318) | 223 | 4312 | (4089) |
| Guggenheim Floating Rate Strategies Series | 10099 | 71646 | (61547) | 12911 | 47105 | (34194) |
| Guggenheim Global Managed Futures Strategy Fund | 244 | 7139 | (6895) | 693 | 20486 | (19793) |
| Guggenheim Long Short Equity Fund |  |  |  | 32 | 12579 | (12547) |
| Guggenheim Multi-Hedge Strategies Fund | 6226 | 18107 | (11881) | 2938 | 18139 | (15201) |
| Invesco V.I. American Franchise Fund, Series I | 3715 | 28978 | (25263) | 841 | 39091 | (38250) |
| Invesco V.I. American Franchise Fund, Series II | 1704 | 6376 | (4672) | 116 | 17257 | (17141) |
| Invesco V.I. American Value Fund, Series II | 426881 | 864161 | (437280) | 23907 | 703962 | (680055) |
| Invesco V.I. Balanced-Risk Allocation Fund, Series II | 129527 | 519203 | (389676) | 174211 | 567409 | (393198) |
| Invesco V.I. Comstock Fund, Series I | 6531 | 53074 | (46543) | 3613 | 71862 | (68249) |
| Invesco V.I. Comstock Fund, Series II | 732899 | 1053361 | (320462) | 158047 | 569720 | (411673) |
| Invesco V.I. Conservative Balanced Fund, Series II |  |  |  | 936347 | 4608524 | (3672177) |
| Invesco V.I. Discovery Large Cap Fund, Series I | 1674 | 12692 | (11018) | 573 | 21197 | (20624) |
| Invesco V.I. Discovery Large Cap Fund, Series II | 455295 | 647607 | (192312) | 16933 | 347030 | (330097) |
| Invesco V.I. Discovery Mid Cap Growth Fund, Series I | 1971 | 9128 | (7157) | 797 | 11923 | (11126) |
| Invesco V.I. Discovery Mid Cap Growth Fund, Series II | 275608 | 403807 | (128199) | 66635 | 228840 | (162205) |
| Invesco V.I. Equity and Income Fund, Series II | 4024368 | 2856572 | 1167796 | 6035840 | 1095859 | 4939981 |
| Invesco V.I. EQV International Equity Fund, Series II | 2490202 | 1989219 | 500983 | 245864 | 1659669 | (1413805) |
| Invesco V.I. Global Fund, Series I | 1089 | 7985 | (6896) | 1415 | 28742 | (27327) |
| Invesco V.I. Global Fund, Series II | 1610323 | 2453783 | (843460) | 56607 | 1229170 | (1172563) |
| Invesco V.I. Global Real Estate Fund, Series II | 912153 | 761039 | 151114 | 314848 | 626579 | (311731) |
| Invesco V.I. Global Strategic Income Fund, Series I | 4017 | 29524 | (25507) | 10859 | 50582 | (39723) |
| Invesco V.I. Global Strategic Income Fund, Series II | 109200 | 2060845 | (1951645) | 405466 | 1560852 | (1155386) |
| Invesco V.I. Government Securities Fund, Series II | 373672 | 1489657 | (1115985) | 836801 | 1335065 | (498264) |
| Invesco V.I. Growth and Income Fund, Series I | 13144 | 68323 | (55179) | 6021 | 84913 | (78892) |
| Invesco V.I. Growth and Income Fund, Series II | 4840698 | 6716452 | (1875754) | 102023 | 2481481 | (2379458) |
| Invesco V.I. Main Street Fund, Series I | 2642 | 21275 | (18633) | 735 | 35266 | (34531) |
| Invesco V.I. Main Street Fund, Series II | 292606 | 733403 | (440797) | 14579 | 672816 | (658237) |
| Invesco V.I. Main Street Mid Cap Fund, Series II | 162753 | 13312 | 149441 | 112555 | 13049 | 99506 |
| Invesco V.I. Main Street Small Cap Fund, Series II | 1312561 | 55851 | 1256710 | 985445 | 34044 | 951401 |
| Invesco V.I. Nasdaq 100 Buffer Fund, December Series II |  |  |  | 1193 | 1193 |  |
| Invesco V.I. Small Cap Equity Fund, Series II | 257783 | 289831 | (32048) | 70922 | 140073 | (69151) |
| Invesco V.I. U.S. Government Money Portfolio, Series I | 205018296 | 218106177 | (13087881) | 21799132 | 21966515 | (167383) |
| Janus Henderson VIT Balanced Portfolio, Service Shares | 1464461 | 121780 | 1342681 | 1118560 | 88735 | 1029825 |
| Janus Henderson VIT Enterprise Portfolio, Service Shares | 64642 | 14430 | 50212 | 45763 | 3192 | 42571 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) |
| Janus Henderson VIT Forty Portfolio, Service Shares | 367299 | 40442 | 326857 | 287820 | 24849 | 262971 |
| Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares | 1552 | 70 | 1482 | 64 | 242 | (178) |
| Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | 290145 | 32484 | 257661 | 255867 | 23086 | 232781 |
| Janus Henderson VIT Overseas Portfolio, Service Shares | 233310 | 29745 | 203565 | 147832 | 12006 | 135826 |
| Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | 3024305 | 3390956 | (366651) | 3310022 | 2824200 | 485822 |
| Lord Abbett Series Fund Dividend Growth Portfolio, Class VC | 407226 | 720950 | (313724) | 122330 | 622390 | (500060) |
| Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | 2171236 | 2920785 | (749549) | 21702 | 1085427 | (1063725) |
| Lord Abbett Series Fund Growth and Income Portfolio, Class VC | 39498 | 268210 | (228712) | 41941 | 322224 | (280283) |
| Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC | 818787 | 1177108 | (358321) | 381976 | 640461 | (258485) |
| Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC | 158400 | 301046 | (142646) | 18408 | 254079 | (235671) |
| Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | 597484 | 140275 | 457209 | 468294 | 74441 | 393853 |
| LVIP American Century Balanced Fund, Standard Class II | 2532 | 2559 | (27) | 51642 | 2831 | 48811 |
| LVIP American Century Disciplined Core Value Fund, Standard Class II | 23 | 9 | 14 | 1070 | 7 | 1063 |
| LVIP American Century International Fund, Standard Class II |  | 114 | (114) | 13991 | 113 | 13878 |
| LVIP American Century Ultra Fund, Standard Class II | 2229 | 457 | 1772 | 2317 | 7579 | (5262) |
| MFS VIT Growth Series, Initial Class | 374 | 9937 | (9563) | 4430 | 12464 | (8034) |
| MFS VIT Growth Series, Service Class | 406514 | 162930 | 243584 | 685333 | 204859 | 480474 |
| MFS VIT II Core Equity Portfolio, Service Class | 208698 | 19527 | 189171 | 227353 | 27351 | 200002 |
| MFS VIT II Emerging Markets Equity Portfolio, Service Class | 491 | 8325 | (7834) | 2341 | 4223 | (1882) |
| MFS VIT II International Growth Portfolio, Service Class | 211291 | 36287 | 175004 | 233085 | 20482 | 212603 |
| MFS VIT II International Intrinsic Value Portfolio, Service Class | 171520 | 170853 | 667 | 189858 | 154661 | 35197 |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class | 679 | 7785 | (7106) | 1014 | 9866 | (8852) |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class | 79987 | 141744 | (61757) | 137609 | 217032 | (79423) |
| MFS VIT II Research International Portfolio, Service Class | 50657 | 5089 | 45568 | 51545 | 100 | 51445 |
| MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | 12111 | 339 | 11772 | 4795 | 119 | 4676 |
| MFS VIT III Global Real Estate Portfolio, Service Class | 4111 | 165 | 3946 | 16802 | 109 | 16693 |
| MFS VIT III Mid Cap Value Portfolio, Service Class | 64506 | 5946 | 58560 | 99240 | 521 | 98719 |
| MFS VIT Investors Trust Series, Initial Class | 1151 | 9942 | (8791) | 1054 | 21227 | (20173) |
| MFS VIT Investors Trust Series, Service Class | 5527 | 133088 | (127561) | 8864 | 235357 | (226493) |
| MFS VIT Mid Cap Growth Series, Service Class | 58952 | 3060 | 55892 | 102722 | 1162 | 101560 |
| MFS VIT New Discovery Series, Initial Class | 475 | 2528 | (2053) | 232 | 1813 | (1581) |
| MFS VIT New Discovery Series, Service Class | 37831 | 125788 | (87957) | 39924 | 136859 | (96935) |
| MFS VIT Research Series, Initial Class | 744 | 7276 | (6532) | 806 | 10180 | (9374) |
| MFS VIT Research Series, Service Class | 2517 | 11779 | (9262) | 1235 | 11522 | (10287) |
| MFS VIT Total Return Bond Series, Service Class | 247413 | 2934111 | (2686698) | 571516 | 2819916 | (2248400) |
| MFS VIT Total Return Series, Initial Class | 10183 | 55335 | (45152) | 9170 | 64590 | (55420) |
| MFS VIT Total Return Series, Service Class | 143836 | 184008 | (40172) | 173147 | 201660 | (28513) |
| MFS VIT Utilities Series, Initial Class | 650 | 5433 | (4783) | 252 | 3529 | (3277) |
| MFS VIT Utilities Series, Service Class | 7885 | 63493 | (55608) | 23628 | 96264 | (72636) |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) |
| MFS VIT Value Series, Service Class | 19504 | 506714 | (487210) | 36306 | 771212 | (734906) |
| Morgan Stanley VIF Global Real Estate Portfolio, Class II |  |  |  | 22387 | 422682 | (400295) |
| Morgan Stanley VIF Global Strategist Portfolio, Class II | 24694 | 13591 | 11103 | 23679 | 5415 | 18264 |
| Morgan Stanley VIF Growth Portfolio, Class II | 20450 | 7785 | 12665 | 7002 | 429 | 6573 |
| PIMCO VIT All Asset Portfolio, Advisor Class | 227948 | 229791 | (1843) | 20446 | 132765 | (112319) |
| PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class |  | 97 | (97) |  | 34 | (34) |
| PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class | 37895 | 48182 | (10287) | 20660 | 62710 | (42050) |
| PIMCO VIT High Yield Portfolio, Advisor Class | 76802 | 54769 | 22033 | 32158 | 2547 | 29611 |
| PIMCO VIT Income Portfolio, Advisor Class | 285754 | 46499 | 239255 | 264965 | 85256 | 179709 |
| PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | 127697 | 365594 | (237897) | 354455 | 413335 | (58880) |
| PIMCO VIT Low Duration Portfolio, Advisor Class | 633245 | 1620144 | (986899) | 1093983 | 1609176 | (515193) |
| PIMCO VIT Real Return Portfolio, Advisor Class | 469984 | 2745967 | (2275983) | 897051 | 2108391 | (1211340) |
| PIMCO VIT Short-Term Portfolio, Advisor Class | 1472356 | 1045440 | 426916 | 1699527 | 1073315 | 626212 |
| PIMCO VIT Total Return Portfolio, Advisor Class | 2176903 | 6980760 | (4803857) | 3285686 | 5612020 | (2326334) |
| Protective Life Dynamic Allocation Series Conservative Portfolio | 324327 | 595412 | (271085) | 251673 | 761270 | (509597) |
| Protective Life Dynamic Allocation Series Growth Portfolio | 58864 | 783812 | (724948) | 15949 | 717744 | (701795) |
| Protective Life Dynamic Allocation Series Moderate Portfolio | 456428 | 4951125 | (4494697) | 406344 | 4270944 | (3864600) |
| Royce Capital Fund Micro-Cap Portfolio, Service Class | 280393 | 388817 | (108424) | 11257 | 144213 | (132956) |
| Royce Capital Fund Small-Cap Portfolio, Service Class | 2804935 | 3259677 | (454742) | 64698 | 1251574 | (1186876) |
| Rydex Commodities Strategy Fund | 161 | 102 | 59 | 198 | 259 | (61) |
| Rydex Inverse Government Long Bond Strategy Fund | 116 | 38 | 78 | 43 | 0 \* | 43 |
| T. Rowe Price All-Cap Opportunities Portfolio | 108813 | 12221 | 96592 | 57683 | 13699 | 43984 |
| T. Rowe Price Blue Chip Growth Portfolio, Class II | 1933327 | 243160 | 1690167 | 2028976 | 227039 | 1801937 |
| T. Rowe Price Health Sciences Portfolio, Class II | 1561276 | 64106 | 1497170 | 1103581 | 61675 | 1041906 |
| T. Rowe Price Mid-Cap Growth Portfolio, Class II | 302709 | 35738 | 266971 | 378577 | 11184 | 367393 |
| T. Rowe Price Moderate Allocation Portfolio | 843670 | 178751 | 664919 | 1138288 | 31898 | 1106390 |
| Templeton Developing Markets VIP Fund, Class 2 | 365996 | 532122 | (166126) | 418461 | 360056 | 58405 |
| Templeton Foreign VIP Fund, Class 2 | 960971 | 1156572 | (195601) | 205368 | 1259202 | (1053834) |
| Templeton Global Bond VIP Fund, Class 2 | 437150 | 2783168 | (2346018) | 1227530 | 2063043 | (835513) |
| Templeton Growth VIP Fund, Class 2 | 562209 | 1154440 | (592231) | 48064 | 843241 | (795177) |
| VanEck VIP Global Resources Fund, Initial Class |  | 0 \* | (0) | 247 | 6179 | (5932) |
| Vanguard VIF Balanced Portfolio | 35641 | 1017 | 34624 | 32930 | 63614 | (30684) |
| Vanguard VIF Capital Growth Portfolio | 14197 | 5032 | 9165 | 594 | 2578 | (1984) |
| Vanguard VIF Conservative Allocation Portfolio | 5557 | 1578 | 3979 | 305 | 419 | (114) |
| Vanguard VIF Diversified Value Portfolio | 950 | 373 | 577 | 1137 | 605 | 532 |
| Vanguard VIF Equity Income Portfolio | 126734 | 59699 | 67035 | 12198 | 3318 | 8880 |
| Vanguard VIF Equity Index Portfolio | 95540 | 16716 | 78824 | 26343 | 24070 | 2273 |
| Vanguard VIF Global Bond Index Portfolio | 49395 | 1703 | 47692 | 2220 | 2638 | (418) |
| Vanguard VIF Growth Portfolio | 126223 | 30847 | 95376 | 54351 | 34650 | 19701 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) | Units <br> Issued | Units <br> Redeemed | Net Increase (Decrease) |
| Vanguard VIF High Yield Bond Portfolio | 5947 | 3662 | 2285 | 670 | 2264 | (1594) |
| Vanguard VIF International Portfolio | 14310 | 19040 | (4730) | 31685 | 15786 | 15899 |
| Vanguard VIF Mid-Cap Index Portfolio | 117427 | 10787 | 106640 | 22940 | 11218 | 11722 |
| Vanguard VIF Moderate Allocation Portfolio | 50570 | 15079 | 35491 | 452 | 12035 | (11583) |
| Vanguard VIF Money Market Portfolio | 29972 | 7384 | 22588 | 8357 | 22810 | (14453) |
| Vanguard VIF Real Estate Index Portfolio | 38597 | 2506 | 36091 | 13487 | 6139 | 7348 |
| Vanguard VIF Short-Term Investment-Grade Portfolio | 91289 | 36694 | 54595 | 106603 | 102288 | 4315 |
| Vanguard VIF Total Bond Market Index Portfolio | 449411 | 23816 | 425595 | 129182 | 38680 | 90502 |
| Vanguard VIF Total International Stock Market Index Portfolio | 171031 | 12979 | 158052 | 39997 | 7994 | 32003 |
| Vanguard VIF Total Stock Market Index Portfolio | 151249 | 12477 | 138772 | 67475 | 29120 | 38355 |
| Western Asset Core Plus VIT Portfolio, Class II | 47648 | 78140 | (30492) | 108042 | 42964 | 65078 |

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

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

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;5. | EXPENSES AND RELATED PARTY TRANSACTIONS |  |
|  | The fees and charges below are the current expenses deducted by the Subaccount from either the net unit value orfrom the Contract as a redemption of units. Fees and charges may vary based on factors such as the product purchased, optional benefits chosen, benefit base, asset base, death benefit option elected, a Contract's total asset value, age of Contract, surrender amount, if a surrender is requested during the period specified, Subaccounts selected, transaction amount, and/or transaction frequency. The fees and charges are recorded, as applicable, to the respective Subaccount in the Separate Account. Redemption of units deductions are made to the individual Contracts in accordance with the terms which govern each annuity, as set forth in the Contract. | The fees and charges below are the current expenses deducted by the Subaccount from either the net unit value orfrom the Contract as a redemption of units. Fees and charges may vary based on factors such as the product purchased, optional benefits chosen, benefit base, asset base, death benefit option elected, a Contract's total asset value, age of Contract, surrender amount, if a surrender is requested during the period specified, Subaccounts selected, transaction amount, and/or transaction frequency. The fees and charges are recorded, as applicable, to the respective Subaccount in the Separate Account. Redemption of units deductions are made to the individual Contracts in accordance with the terms which govern each annuity, as set forth in the Contract. |
|  | The minimum and maximum Contract expenses offered by the Company may not directly equate to the minimum and maximum expenses by Subaccount in the Financial Hightlights footnote as Contract owners across all products offered may not have invested in all available products during the current year. | The minimum and maximum Contract expenses offered by the Company may not directly equate to the minimum and maximum expenses by Subaccount in the Financial Hightlights footnote as Contract owners across all products offered may not have invested in all available products during the current year. |
|  | &nbsp;&nbsp;**Expense Type** | &nbsp;&nbsp;**Range** |
|  | &nbsp;&nbsp;**Administrative Fee** |  |
|  | &nbsp;&nbsp;This fee is assessed to reimburse the Company for expenses incurred in the administration of the Contract and the Separate Account. The fee is deducted daily, assessed through a reduction of net unit values, and recorded as Mortality and expense risk and admin within the Statements of Operations. | &nbsp;&nbsp;a daily fee amounting to a per annum aggregate of 0.10% - 0.15% of the average daily net assets of each Subaccount |
|  | &nbsp;&nbsp;**Mortality and Expense Risk Fee** |  |
|  | &nbsp;&nbsp;This fee is assessed to reimburse the Company for assuming mortality and expense risks. The fee is deducted daily, assessed through a reduction of net unit values, and recorded as Mortality and expense risk and admin in the Statements of Operations. | &nbsp;&nbsp;a daily fee amounting to a per annum aggregate of 0.20% - 1.65% of the average daily net assets of each Subaccount |
|  | &nbsp;&nbsp;**Charge for Optional Benefits** |  |
|  | &nbsp;&nbsp;This charge, if applicable, is assessed to reimburse the Company for costs and risks stemming from optional living and/or death benefits elected by the Contract owner. The charge is deducted monthly, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statements of Changes in Net Assets. | &nbsp;&nbsp;0.1% - 2.20% of benefit base<br> 0.15% - 0.45% of asset base<br> 1.0% - 2.2% of floored asset base<br> $0.25 - $18.94 per $1,000 on net amount at risk |
|  | &nbsp;&nbsp;**Contract Maintenance Charge** |  |
|  | &nbsp;&nbsp;This charge is assessed to reimburse the Company for expenses incurred in the administration of the Contract and the Separate Account. The charge is deducted annually, assessed through a redemption of units, and recorded as Contract maintenance charges in the Statements of Changes in Net Assets. | &nbsp;&nbsp;$0 - $50<br> annually |
|  | &nbsp;&nbsp;**Deductions for Premium Taxes** |  |
|  | &nbsp;&nbsp;This deduction is to comply with any applicable state premium and/or retaliatory taxes. The mandated amount is deducted from the payment when it is received which in turn reduces Contract owners' net payments on the Statements of Changes in Net Assets. | &nbsp;&nbsp;0.0% - 3.5% of each payment, if applicable |

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| | |
|:---|:---|
| &nbsp;&nbsp;**Expense Type** | &nbsp;&nbsp;**Range** |
| &nbsp;&nbsp;**Sales Charge** |  |
| &nbsp;&nbsp;This charge is assessed to reimburse the Company for expenses incurred associated with the sales and distribution of the Contracts. The charge is deducted upon receipt of each payment, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statements of Changes in Net Assets. | &nbsp;&nbsp;0.0% - 5.5% of each payment received |
| &nbsp;&nbsp;**Surrender Charge (Contingent Deferred Sales Charge)** |  |
| &nbsp;&nbsp;This charge is assessed to reimburse the Company for some of the costs of distributing the Contracts. The charge is deducted at surrender, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statements of Changes in Net Assets. | &nbsp;&nbsp;0.0% - 8.5% of surrendered amount |
| &nbsp;&nbsp;**Transfer Charge** |  |
| &nbsp;&nbsp;Currently there is no charge assessed for transfers; however, the Company has reserved the right to charge for transfers as reimbursement for costs incurred when transferring funds. The charge would be deducted upon transfer, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statements of Changes in Net Assets. | &nbsp;&nbsp;$25 per transfer, after the first 12 transfers in any Contract year |

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6. FINANCIAL
 HIGHLIGHTS

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

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

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| AB VPS Balanced Hedged Allocation Portfolio, Class B | AB VPS Balanced Hedged Allocation Portfolio, Class B | AB VPS Balanced Hedged Allocation Portfolio, Class B | AB VPS Balanced Hedged Allocation Portfolio, Class B | AB VPS Balanced Hedged Allocation Portfolio, Class B | AB VPS Balanced Hedged Allocation Portfolio, Class B | AB VPS Balanced Hedged Allocation Portfolio, Class B | AB VPS Balanced Hedged Allocation Portfolio, Class B | AB VPS Balanced Hedged Allocation Portfolio, Class B | AB VPS Balanced Hedged Allocation Portfolio, Class B |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 70 | $12.11 | $12.11 | $845 | 1.20% | 1.20% | 1.20% | 15.96% | 15.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 6 | 10.45 | 10.45 | 58 | 0.00% | 1.20% | 1.20% | (1.96)% | (1.96)% |
| AB VPS Discovery Value Portfolio, Class B | AB VPS Discovery Value Portfolio, Class B | AB VPS Discovery Value Portfolio, Class B | AB VPS Discovery Value Portfolio, Class B | AB VPS Discovery Value Portfolio, Class B | AB VPS Discovery Value Portfolio, Class B | AB VPS Discovery Value Portfolio, Class B | AB VPS Discovery Value Portfolio, Class B | AB VPS Discovery Value Portfolio, Class B | AB VPS Discovery Value Portfolio, Class B |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 79 | 12.52 | 11.93 | 907 | 0.59% | 0.30% | 1.30% | 2.33% | 1.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 91 | 12.23 | 11.77 | 1024 | 0.62% | 0.30% | 1.30% | (0.24)% | 8.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 104 | 10.47 | 10.87 | 1076 | 1.00% | 0.65% | 1.30% | 15.54% | 15.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 58 | 8.73 | 9.43 | 512 | 0.44% | 0.75% | 1.30% | (16.45)% | (16.91)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 32 | 11.37 | 11.34 | 358 | 0.56% | 1.00% | 1.30% | 5.35% | 5.09% |
| AB VPS Large Cap Growth Portfolio, Class B | AB VPS Large Cap Growth Portfolio, Class B | AB VPS Large Cap Growth Portfolio, Class B | AB VPS Large Cap Growth Portfolio, Class B | AB VPS Large Cap Growth Portfolio, Class B | AB VPS Large Cap Growth Portfolio, Class B | AB VPS Large Cap Growth Portfolio, Class B | AB VPS Large Cap Growth Portfolio, Class B | AB VPS Large Cap Growth Portfolio, Class B | AB VPS Large Cap Growth Portfolio, Class B |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 6978 | 17.78 | 16.94 | 115303 | 0.00% | 0.30% | 1.30% | 12.51% | 11.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 4553 | 15.80 | 15.20 | 66303 | 0.00% | 0.30% | 1.30% | 24.58% | 23.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2521 | 12.68 | 12.33 | 28324 | 0.00% | 0.30% | 1.30% | 34.38% | 33.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 984 | 9.44 | 9.27 | 7458 | 0.00% | 0.30% | 1.30% | (28.90)% | (29.61)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 71 | 10.37 | 13.17 | 857 | 0.00% | 0.75% | 1.30% | (6.33)% | 18.92% |

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---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| AB VPS Relative Value Portfolio, Class B | AB VPS Relative Value Portfolio, Class B | AB VPS Relative Value Portfolio, Class B | AB VPS Relative Value Portfolio, Class B | AB VPS Relative Value Portfolio, Class B | AB VPS Relative Value Portfolio, Class B | AB VPS Relative Value Portfolio, Class B | AB VPS Relative Value Portfolio, Class B | AB VPS Relative Value Portfolio, Class B | AB VPS Relative Value Portfolio, Class B |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 189 | $12.93 | $14.47 | $2541 | 0.89% | 0.65% | 1.30% | 9.48% | 6.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 215 | 11.81 | 13.57 | 2721 | 1.22% | 0.65% | 1.30% | 12.03% | 11.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 185 | 10.54 | 12.19 | 2085 | 1.52% | 0.65% | 1.30% | 12.90% | 10.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 73 | 9.75 | 11.06 | 745 | 0.99% | 0.75% | 1.30% | (5.13)% | (5.66)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 13 | 11.75 | 11.72 | 147 | 0.35% | 1.00% | 1.30% | 5.26% | 4.99% |
| AB VPS Small Cap Growth Portfolio, Class B | AB VPS Small Cap Growth Portfolio, Class B | AB VPS Small Cap Growth Portfolio, Class B | AB VPS Small Cap Growth Portfolio, Class B | AB VPS Small Cap Growth Portfolio, Class B | AB VPS Small Cap Growth Portfolio, Class B | AB VPS Small Cap Growth Portfolio, Class B | AB VPS Small Cap Growth Portfolio, Class B | AB VPS Small Cap Growth Portfolio, Class B | AB VPS Small Cap Growth Portfolio, Class B |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 108 | 9.30 | 8.86 | 1104 | 0.00% | 0.30% | 1.30% | 4.14% | 3.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 82 | 8.93 | 8.60 | 773 | 0.00% | 0.30% | 1.30% | 18.09% | 16.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 63 | 7.57 | 7.35 | 471 | 0.00% | 0.30% | 1.30% | 17.37% | 16.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 49 | 6.45 | 6.33 | 299 | 0.00% | 0.30% | 1.30% | (39.45)% | (40.05)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 10 | 10.65 | 10.56 | 110 | 0.00% | 0.30% | 1.30% | 11.44% | 10.52% |
| American Funds IS American Funds Global Balanced Fund, Class 4 | American Funds IS American Funds Global Balanced Fund, Class 4 | American Funds IS American Funds Global Balanced Fund, Class 4 | American Funds IS American Funds Global Balanced Fund, Class 4 | American Funds IS American Funds Global Balanced Fund, Class 4 | American Funds IS American Funds Global Balanced Fund, Class 4 | American Funds IS American Funds Global Balanced Fund, Class 4 | American Funds IS American Funds Global Balanced Fund, Class 4 | American Funds IS American Funds Global Balanced Fund, Class 4 | American Funds IS American Funds Global Balanced Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 858 | 12.06 | 11.79 | 10313 | 1.55% | 0.65% | 1.20% | 16.20% | 15.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 410 | 10.38 | 10.20 | 4247 | 4.08% | 0.65% | 1.20% | 2.98% | 0.34% |
| American Funds IS American High-Income Trust, Class 2 | American Funds IS American High-Income Trust, Class 2 | American Funds IS American High-Income Trust, Class 2 | American Funds IS American High-Income Trust, Class 2 | American Funds IS American High-Income Trust, Class 2 | American Funds IS American High-Income Trust, Class 2 | American Funds IS American High-Income Trust, Class 2 | American Funds IS American High-Income Trust, Class 2 | American Funds IS American High-Income Trust, Class 2 | American Funds IS American High-Income Trust, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 76 | 11.84 | 11.84 | 899 | 6.54% | 0.75% | 0.75% | 7.43% | 7.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 77 | 11.02 | 11.02 | 854 | 6.98% | 0.75% | 0.75% | 8.84% | 8.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 72 | 10.13 | 10.13 | 724 | 7.20% | 0.75% | 0.75% | 11.61% | 11.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 59 | 9.07 | 9.07 | 535 | 14.04% | 0.75% | 0.75% | (9.94)% | (9.94)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2 | 10.08 | 10.08 | 25 | 0.00% | 0.75% | 0.75% | 0.00% | 0.00% |
| American Funds IS American High-Income Trust, Class 4 | American Funds IS American High-Income Trust, Class 4 | American Funds IS American High-Income Trust, Class 4 | American Funds IS American High-Income Trust, Class 4 | American Funds IS American High-Income Trust, Class 4 | American Funds IS American High-Income Trust, Class 4 | American Funds IS American High-Income Trust, Class 4 | American Funds IS American High-Income Trust, Class 4 | American Funds IS American High-Income Trust, Class 4 | American Funds IS American High-Income Trust, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 733 | 12.61 | 12.61 | 9243 | 6.65% | 0.65% | 0.65% | 7.23% | 7.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 462 | 11.76 | 11.76 | 5431 | 8.18% | 0.65% | 0.65% | 8.67% | 8.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 142 | 10.82 | 10.82 | 1541 | 15.29% | 0.65% | 0.65% | 10.65% | 10.65% |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| American Funds IS Asset Allocation Fund, Class 2 | American Funds IS Asset Allocation Fund, Class 2 | American Funds IS Asset Allocation Fund, Class 2 | American Funds IS Asset Allocation Fund, Class 2 | American Funds IS Asset Allocation Fund, Class 2 | American Funds IS Asset Allocation Fund, Class 2 | American Funds IS Asset Allocation Fund, Class 2 | American Funds IS Asset Allocation Fund, Class 2 | American Funds IS Asset Allocation Fund, Class 2 | American Funds IS Asset Allocation Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3261 | $37.39 | $32.55 | $88423 | 1.96% | 0.60% | 1.70% | 15.16% | 13.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3731 | 32.47 | 28.58 | 90270 | 2.11% | 0.60% | 1.70% | 15.74% | 14.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 4194 | 28.06 | 24.97 | 89463 | 2.23% | 0.60% | 1.70% | 13.59% | 12.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 4193 | 24.70 | 22.23 | 81196 | 1.78% | 0.60% | 1.70% | (13.92)% | (14.87)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4164 | 28.70 | 26.12 | 100498 | 1.58% | 0.60% | 1.70% | 14.41% | 13.15% |
| American Funds IS Asset Allocation Fund, Class 4 | American Funds IS Asset Allocation Fund, Class 4 | American Funds IS Asset Allocation Fund, Class 4 | American Funds IS Asset Allocation Fund, Class 4 | American Funds IS Asset Allocation Fund, Class 4 | American Funds IS Asset Allocation Fund, Class 4 | American Funds IS Asset Allocation Fund, Class 4 | American Funds IS Asset Allocation Fund, Class 4 | American Funds IS Asset Allocation Fund, Class 4 | American Funds IS Asset Allocation Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 13661 | 16.81 | 21.25 | 200888 | 2.06% | 0.30% | 1.30% | 12.34% | 14.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 9189 | 12.54 | 18.63 | 121456 | 2.44% | 0.65% | 1.30% | 15.35% | 14.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 4389 | 10.87 | 16.26 | 55462 | 2.44% | 0.65% | 1.30% | 14.22% | 12.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2215 | 13.92 | 14.44 | 30864 | 1.59% | 1.00% | 1.30% | (14.52)% | (14.78)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2356 | 16.28 | 16.95 | 38782 | 1.52% | 1.00% | 1.30% | 13.69% | 13.35% |
| American Funds IS Capital Income Builder, Class 2 | American Funds IS Capital Income Builder, Class 2 | American Funds IS Capital Income Builder, Class 2 | American Funds IS Capital Income Builder, Class 2 | American Funds IS Capital Income Builder, Class 2 | American Funds IS Capital Income Builder, Class 2 | American Funds IS Capital Income Builder, Class 2 | American Funds IS Capital Income Builder, Class 2 | American Funds IS Capital Income Builder, Class 2 | American Funds IS Capital Income Builder, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 512 | 16.20 | 17.67 | 8582 | 2.97% | 0.75% | 0.90% | 19.51% | 19.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 547 | 13.56 | 14.81 | 7683 | 3.36% | 0.75% | 0.90% | 9.36% | 9.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 594 | 12.40 | 13.56 | 7613 | 2.93% | 0.75% | 0.90% | 8.20% | 8.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 611 | 11.46 | 12.55 | 7250 | 2.82% | 0.75% | 0.90% | (7.82)% | (7.96)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 539 | 12.43 | 13.64 | 6985 | 3.01% | 0.75% | 0.90% | 14.08% | 13.91% |
| American Funds IS Capital Income Builder, Class 4 | American Funds IS Capital Income Builder, Class 4 | American Funds IS Capital Income Builder, Class 4 | American Funds IS Capital Income Builder, Class 4 | American Funds IS Capital Income Builder, Class 4 | American Funds IS Capital Income Builder, Class 4 | American Funds IS Capital Income Builder, Class 4 | American Funds IS Capital Income Builder, Class 4 | American Funds IS Capital Income Builder, Class 4 | American Funds IS Capital Income Builder, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3542 | 16.51 | 16.70 | 48786 | 2.88% | 0.30% | 1.30% | 19.80% | 18.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2639 | 13.78 | 14.08 | 31177 | 3.50% | 0.30% | 1.30% | 9.60% | 8.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1253 | 12.58 | 12.98 | 14356 | 3.08% | 0.30% | 1.30% | 8.43% | 7.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 520 | 11.60 | 12.09 | 6478 | 2.50% | 0.30% | 1.30% | (7.65)% | (8.58)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 540 | 12.56 | 13.23 | 7377 | 2.57% | 0.30% | 1.30% | 14.34% | 13.19% |
| American Funds IS Capital World Bond Fund, Class 2 | American Funds IS Capital World Bond Fund, Class 2 | American Funds IS Capital World Bond Fund, Class 2 | American Funds IS Capital World Bond Fund, Class 2 | American Funds IS Capital World Bond Fund, Class 2 | American Funds IS Capital World Bond Fund, Class 2 | American Funds IS Capital World Bond Fund, Class 2 | American Funds IS Capital World Bond Fund, Class 2 | American Funds IS Capital World Bond Fund, Class 2 | American Funds IS Capital World Bond Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 60 | 8.70 | 8.70 | 523 | 3.07% | 0.75% | 0.75% | 8.57% | 8.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 57 | 8.01 | 8.01 | 454 | 2.13% | 0.75% | 0.75% | (3.77)% | (3.77)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 55 | 8.33 | 8.33 | 460 | 0.00% | 0.75% | 0.75% | 5.34% | 5.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 59 | 7.90 | 7.90 | 463 | 0.34% | 0.75% | 0.75% | (18.31)% | (18.31)% |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| American Funds IS Capital World Bond Fund, Class 4 | American Funds IS Capital World Bond Fund, Class 4 | American Funds IS Capital World Bond Fund, Class 4 | American Funds IS Capital World Bond Fund, Class 4 | American Funds IS Capital World Bond Fund, Class 4 | American Funds IS Capital World Bond Fund, Class 4 | American Funds IS Capital World Bond Fund, Class 4 | American Funds IS Capital World Bond Fund, Class 4 | American Funds IS Capital World Bond Fund, Class 4 | American Funds IS Capital World Bond Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 550 | $9.52 | $10.59 | $5818 | 3.16% | 0.30% | 0.65% | 8.71% | 8.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 371 | 8.76 | 9.78 | 3620 | 2.64% | 0.30% | 0.65% | (3.61)% | (3.95)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 152 | 9.08 | 10.18 | 1544 | 0.00% | 0.30% | 0.65% | 3.94% | 4.01% |
| American Funds IS Capital World Growth and Income Fund, Class 2 | American Funds IS Capital World Growth and Income Fund, Class 2 | American Funds IS Capital World Growth and Income Fund, Class 2 | American Funds IS Capital World Growth and Income Fund, Class 2 | American Funds IS Capital World Growth and Income Fund, Class 2 | American Funds IS Capital World Growth and Income Fund, Class 2 | American Funds IS Capital World Growth and Income Fund, Class 2 | American Funds IS Capital World Growth and Income Fund, Class 2 | American Funds IS Capital World Growth and Income Fund, Class 2 | American Funds IS Capital World Growth and Income Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 425 | 18.35 | 22.85 | 8154 | 1.40% | 0.75% | 0.90% | 23.87% | 23.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 442 | 14.82 | 18.47 | 6855 | 1.62% | 0.75% | 0.90% | 13.15% | 12.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 498 | 13.10 | 16.35 | 6859 | 1.87% | 0.75% | 0.90% | 19.98% | 19.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 535 | 10.92 | 13.65 | 6143 | 2.23% | 0.75% | 0.90% | (17.95)% | (18.08)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 508 | 13.30 | 16.66 | 7143 | 1.93% | 0.75% | 0.90% | 13.92% | 13.74% |
| American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1526 | 18.74 | 21.58 | 24182 | 1.53% | 0.30% | 1.30% | 24.09% | 22.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 853 | 15.10 | 17.57 | 11386 | 1.88% | 0.30% | 1.30% | 13.36% | 12.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 433 | 13.32 | 15.66 | 5693 | 2.09% | 0.30% | 1.30% | 20.29% | 19.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 218 | 11.07 | 13.15 | 2977 | 1.95% | 0.30% | 1.30% | (17.82)% | (18.64)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 221 | 13.47 | 16.16 | 3791 | 1.63% | 0.30% | 1.30% | 14.12% | 12.98% |
| American Funds IS Global Growth Fund, Class 2 | American Funds IS Global Growth Fund, Class 2 | American Funds IS Global Growth Fund, Class 2 | American Funds IS Global Growth Fund, Class 2 | American Funds IS Global Growth Fund, Class 2 | American Funds IS Global Growth Fund, Class 2 | American Funds IS Global Growth Fund, Class 2 | American Funds IS Global Growth Fund, Class 2 | American Funds IS Global Growth Fund, Class 2 | American Funds IS Global Growth Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 4015 | 20.37 | 27.81 | 95957 | 1.35% | 0.75% | 0.90% | 20.72% | 20.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 4603 | 16.88 | 23.07 | 92068 | 1.50% | 0.75% | 0.90% | 12.83% | 12.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 5340 | 14.96 | 20.48 | 95730 | 0.88% | 0.75% | 0.90% | 21.69% | 21.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 6061 | 12.29 | 16.86 | 90605 | 0.64% | 0.75% | 0.90% | (25.30)% | (25.41)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 5130 | 16.46 | 22.60 | 105373 | 0.34% | 0.75% | 0.90% | 15.55% | 15.37% |
| American Funds IS Global Growth Fund, Class 4 | American Funds IS Global Growth Fund, Class 4 | American Funds IS Global Growth Fund, Class 4 | American Funds IS Global Growth Fund, Class 4 | American Funds IS Global Growth Fund, Class 4 | American Funds IS Global Growth Fund, Class 4 | American Funds IS Global Growth Fund, Class 4 | American Funds IS Global Growth Fund, Class 4 | American Funds IS Global Growth Fund, Class 4 | American Funds IS Global Growth Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 15453 | 17.18 | 25.94 | 237578 | 1.42% | 0.30% | 1.30% | 20.98% | 19.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 9453 | 14.20 | 21.66 | 124197 | 1.70% | 0.30% | 1.30% | 13.05% | 11.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3656 | 12.56 | 19.36 | 46866 | 0.93% | 0.30% | 1.30% | 21.93% | 20.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 952 | 10.30 | 16.04 | 14451 | 0.40% | 0.30% | 1.30% | (25.14)% | (25.89)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 874 | 13.76 | 21.64 | 18614 | 0.22% | 0.30% | 1.30% | 15.79% | 14.63% |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| American Funds IS Global Small Capitalization Fund, Class 2 | American Funds IS Global Small Capitalization Fund, Class 2 | American Funds IS Global Small Capitalization Fund, Class 2 | American Funds IS Global Small Capitalization Fund, Class 2 | American Funds IS Global Small Capitalization Fund, Class 2 | American Funds IS Global Small Capitalization Fund, Class 2 | American Funds IS Global Small Capitalization Fund, Class 2 | American Funds IS Global Small Capitalization Fund, Class 2 | American Funds IS Global Small Capitalization Fund, Class 2 | American Funds IS Global Small Capitalization Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 534 | $13.98 | $16.25 | $7744 | 0.35% | 0.75% | 0.90% | 13.78% | 13.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 551 | 12.28 | 14.31 | 7046 | 1.05% | 0.75% | 0.90% | 1.56% | 1.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 594 | 12.10 | 14.11 | 7484 | 0.27% | 0.75% | 0.90% | 15.30% | 15.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 592 | 10.49 | 12.26 | 6483 | 0.00% | 0.75% | 0.90% | (30.08)% | (30.19)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 457 | 15.00 | 17.55 | 7236 | 0.00% | 0.75% | 0.90% | 5.94% | 5.78% |
| American Funds IS Global Small Capitalization Fund, Class 4 | American Funds IS Global Small Capitalization Fund, Class 4 | American Funds IS Global Small Capitalization Fund, Class 4 | American Funds IS Global Small Capitalization Fund, Class 4 | American Funds IS Global Small Capitalization Fund, Class 4 | American Funds IS Global Small Capitalization Fund, Class 4 | American Funds IS Global Small Capitalization Fund, Class 4 | American Funds IS Global Small Capitalization Fund, Class 4 | American Funds IS Global Small Capitalization Fund, Class 4 | American Funds IS Global Small Capitalization Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 389 | 12.97 | 15.15 | 4781 | 0.22% | 0.30% | 1.30% | 13.99% | 12.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 301 | 11.38 | 13.43 | 3279 | 0.81% | 0.30% | 1.30% | 1.81% | 0.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 164 | 11.17 | 13.33 | 1807 | 0.03% | 0.30% | 1.30% | 15.44% | 14.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 34 | 9.68 | 11.66 | 392 | 0.00% | 0.30% | 1.30% | (29.90)% | (30.60)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 17 | 13.81 | 16.80 | 283 | 0.00% | 0.30% | 1.30% | 6.11% | 5.04% |
| American Funds IS Growth Fund, Class 2 | American Funds IS Growth Fund, Class 2 | American Funds IS Growth Fund, Class 2 | American Funds IS Growth Fund, Class 2 | American Funds IS Growth Fund, Class 2 | American Funds IS Growth Fund, Class 2 | American Funds IS Growth Fund, Class 2 | American Funds IS Growth Fund, Class 2 | American Funds IS Growth Fund, Class 2 | American Funds IS Growth Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2451 | 30.00 | 47.52 | 79408 | 0.15% | 0.75% | 0.90% | 19.33% | 19.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2747 | 25.14 | 39.88 | 74844 | 0.33% | 0.75% | 0.90% | 30.63% | 30.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3180 | 19.25 | 30.58 | 66705 | 0.36% | 0.75% | 0.90% | 37.45% | 37.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 3276 | 14.00 | 22.28 | 51021 | 0.33% | 0.75% | 0.90% | (30.46)% | (30.57)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2353 | 20.14 | 32.09 | 54975 | 0.25% | 0.75% | 0.90% | 21.08% | 20.89% |
| American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 | American Funds IS Growth Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 14103 | 23.43 | 44.33 | 278926 | 0.13% | 0.30% | 1.30% | 19.57% | 18.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 9582 | 19.60 | 37.45 | 169204 | 0.17% | 0.30% | 1.30% | 30.90% | 29.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 4571 | 14.97 | 28.90 | 74959 | 0.18% | 0.30% | 1.30% | 37.72% | 36.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2121 | 10.87 | 21.19 | 37934 | 0.09% | 0.30% | 1.30% | (30.32)% | (31.02)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2489 | 15.60 | 30.73 | 67204 | 0.07% | 0.30% | 1.30% | 21.32% | 20.10% |
| American Funds IS Growth-Income Fund, Class 2 | American Funds IS Growth-Income Fund, Class 2 | American Funds IS Growth-Income Fund, Class 2 | American Funds IS Growth-Income Fund, Class 2 | American Funds IS Growth-Income Fund, Class 2 | American Funds IS Growth-Income Fund, Class 2 | American Funds IS Growth-Income Fund, Class 2 | American Funds IS Growth-Income Fund, Class 2 | American Funds IS Growth-Income Fund, Class 2 | American Funds IS Growth-Income Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1066 | 22.47 | 28.64 | 24355 | 0.92% | 0.75% | 0.90% | 17.18% | 17.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1146 | 19.18 | 24.48 | 22362 | 1.10% | 0.75% | 0.90% | 23.29% | 23.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1257 | 15.55 | 19.88 | 19940 | 1.38% | 0.75% | 0.90% | 25.20% | 25.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1291 | 12.42 | 15.90 | 16383 | 1.40% | 0.75% | 0.90% | (17.12)% | (17.24)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 916 | 14.99 | 19.22 | 14196 | 1.39% | 0.75% | 0.90% | 23.17% | 22.98% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 8930 | $21.43 | $27.05 | $155214 | 0.83% | 0.30% | 1.30% | 17.42% | 16.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 6027 | 18.25 | 23.27 | 93468 | 1.18% | 0.30% | 1.30% | 23.55% | 22.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2433 | 14.77 | 19.03 | 35023 | 1.45% | 0.30% | 1.30% | 25.45% | 24.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 909 | 11.77 | 15.32 | 14625 | 1.02% | 0.30% | 1.30% | (16.96)% | (17.79)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 929 | 14.18 | 18.63 | 18344 | 1.00% | 0.30% | 1.30% | 23.43% | 22.19% |
| American Funds IS International Fund, Class 2 | American Funds IS International Fund, Class 2 | American Funds IS International Fund, Class 2 | American Funds IS International Fund, Class 2 | American Funds IS International Fund, Class 2 | American Funds IS International Fund, Class 2 | American Funds IS International Fund, Class 2 | American Funds IS International Fund, Class 2 | American Funds IS International Fund, Class 2 | American Funds IS International Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 733 | 13.86 | 15.62 | 10691 | 1.34% | 0.75% | 0.90% | 25.82% | 25.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 786 | 11.02 | 12.43 | 9103 | 1.15% | 0.75% | 0.90% | 2.38% | 2.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 852 | 10.76 | 12.16 | 9669 | 1.30% | 0.75% | 0.90% | 14.98% | 14.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 932 | 9.36 | 10.59 | 9242 | 1.71% | 0.75% | 0.90% | (21.38)% | (21.50)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 827 | 11.90 | 13.49 | 10508 | 2.95% | 0.75% | 0.90% | (2.23)% | (2.38)% |
| American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3376 | 14.18 | 14.57 | 45451 | 1.50% | 0.30% | 1.30% | 26.03% | 24.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1959 | 11.25 | 11.68 | 21040 | 1.36% | 0.30% | 1.30% | 2.62% | 1.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 656 | 10.97 | 11.49 | 6918 | 2.12% | 0.30% | 1.30% | 15.21% | 14.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 53 | 9.52 | 10.08 | 535 | 1.64% | 0.30% | 1.30% | (21.26)% | (22.05)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 33 | 12.09 | 12.93 | 420 | 2.46% | 0.30% | 1.30% | (2.01)% | (2.99)% |
| American Funds IS International Growth and Income Fund, Class 2 | American Funds IS International Growth and Income Fund, Class 2 | American Funds IS International Growth and Income Fund, Class 2 | American Funds IS International Growth and Income Fund, Class 2 | American Funds IS International Growth and Income Fund, Class 2 | American Funds IS International Growth and Income Fund, Class 2 | American Funds IS International Growth and Income Fund, Class 2 | American Funds IS International Growth and Income Fund, Class 2 | American Funds IS International Growth and Income Fund, Class 2 | American Funds IS International Growth and Income Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 109 | 12.95 | 12.95 | 1408 | 2.63% | 0.75% | 0.75% | 34.39% | 34.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 110 | 9.63 | 9.63 | 1056 | 2.54% | 0.75% | 0.75% | 2.70% | 2.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 112 | 9.38 | 9.38 | 1048 | 2.46% | 0.75% | 0.75% | 14.90% | 14.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 112 | 8.16 | 8.16 | 913 | 5.60% | 0.75% | 0.75% | (15.88)% | (15.88)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1 | 9.71 | 9.71 | 10 | 0.00% | 0.75% | 0.75% | 1.08% | 1.08% |
| American Funds IS International Growth and Income Fund, Class 4 | American Funds IS International Growth and Income Fund, Class 4 | American Funds IS International Growth and Income Fund, Class 4 | American Funds IS International Growth and Income Fund, Class 4 | American Funds IS International Growth and Income Fund, Class 4 | American Funds IS International Growth and Income Fund, Class 4 | American Funds IS International Growth and Income Fund, Class 4 | American Funds IS International Growth and Income Fund, Class 4 | American Funds IS International Growth and Income Fund, Class 4 | American Funds IS International Growth and Income Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 247 | 14.66 | 14.37 | 3611 | 2.74% | 0.65% | 1.20% | 34.22% | 33.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 161 | 10.92 | 10.77 | 1756 | 2.73% | 0.65% | 1.20% | 2.43% | 1.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 78 | 10.66 | 10.57 | 832 | 4.94% | 0.65% | 1.20% | 6.29% | 5.84% |

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---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| American Funds IS New World Fund, Class 2 | American Funds IS New World Fund, Class 2 | American Funds IS New World Fund, Class 2 | American Funds IS New World Fund, Class 2 | American Funds IS New World Fund, Class 2 | American Funds IS New World Fund, Class 2 | American Funds IS New World Fund, Class 2 | American Funds IS New World Fund, Class 2 | American Funds IS New World Fund, Class 2 | American Funds IS New World Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 605 | $16.60 | $20.09 | $10645 | 1.11% | 0.75% | 0.90% | 27.33% | 27.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 690 | 13.04 | 15.80 | 9617 | 1.37% | 0.75% | 0.90% | 5.75% | 5.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 721 | 12.33 | 14.97 | 9511 | 1.44% | 0.75% | 0.90% | 15.13% | 14.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 760 | 10.71 | 13.02 | 8784 | 1.29% | 0.75% | 0.90% | (22.68)% | (22.80)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 659 | 13.85 | 16.86 | 9954 | 0.99% | 0.75% | 0.90% | 4.14% | 3.98% |
| American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 243 | 15.46 | 18.75 | 3505 | 1.09% | 0.30% | 1.30% | 27.54% | 26.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 146 | 12.12 | 14.85 | 1703 | 1.39% | 0.30% | 1.30% | 6.01% | 4.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 70 | 11.43 | 14.15 | 798 | 1.72% | 0.30% | 1.30% | 15.32% | 14.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 30 | 9.91 | 12.39 | 337 | 1.01% | 0.30% | 1.30% | (22.49)% | (23.26)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 23 | 12.79 | 16.15 | 362 | 0.65% | 0.30% | 1.30% | 4.32% | 3.27% |
| American Funds IS The Bond Fund of America, Class 2 | American Funds IS The Bond Fund of America, Class 2 | American Funds IS The Bond Fund of America, Class 2 | American Funds IS The Bond Fund of America, Class 2 | American Funds IS The Bond Fund of America, Class 2 | American Funds IS The Bond Fund of America, Class 2 | American Funds IS The Bond Fund of America, Class 2 | American Funds IS The Bond Fund of America, Class 2 | American Funds IS The Bond Fund of America, Class 2 | American Funds IS The Bond Fund of America, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 4319 | 10.48 | 11.19 | 45477 | 4.31% | 0.75% | 0.90% | 6.46% | 6.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 4290 | 9.85 | 10.53 | 42435 | 4.21% | 0.75% | 0.90% | 0.39% | 0.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 4129 | 9.81 | 10.50 | 40678 | 3.64% | 0.75% | 0.90% | 4.23% | 4.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 3461 | 9.41 | 10.09 | 32758 | 3.58% | 0.75% | 0.90% | (13.23)% | (13.36)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1698 | 10.85 | 11.64 | 18660 | 1.90% | 0.75% | 0.90% | (1.05)% | (1.20)% |
| American Funds IS The Bond Fund of America, Class 4 | American Funds IS The Bond Fund of America, Class 4 | American Funds IS The Bond Fund of America, Class 4 | American Funds IS The Bond Fund of America, Class 4 | American Funds IS The Bond Fund of America, Class 4 | American Funds IS The Bond Fund of America, Class 4 | American Funds IS The Bond Fund of America, Class 4 | American Funds IS The Bond Fund of America, Class 4 | American Funds IS The Bond Fund of America, Class 4 | American Funds IS The Bond Fund of America, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 17298 | 9.88 | 10.56 | 183336 | 4.86% | 0.30% | 1.30% | 6.66% | 5.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 10231 | 9.26 | 10.00 | 102598 | 5.55% | 0.30% | 1.30% | 0.67% | (0.34)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3728 | 9.20 | 10.04 | 37465 | 5.25% | 0.30% | 1.30% | 4.41% | 3.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 867 | 8.81 | 9.71 | 8478 | 2.90% | 0.30% | 1.30% | (13.01)% | (13.88)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 715 | 10.13 | 11.28 | 8143 | 1.41% | 0.30% | 1.30% | (0.88)% | (1.88)% |
| American Funds IS U.S. Government Securities Fund, Class 2 | American Funds IS U.S. Government Securities Fund, Class 2 | American Funds IS U.S. Government Securities Fund, Class 2 | American Funds IS U.S. Government Securities Fund, Class 2 | American Funds IS U.S. Government Securities Fund, Class 2 | American Funds IS U.S. Government Securities Fund, Class 2 | American Funds IS U.S. Government Securities Fund, Class 2 | American Funds IS U.S. Government Securities Fund, Class 2 | American Funds IS U.S. Government Securities Fund, Class 2 | American Funds IS U.S. Government Securities Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 399 | 10.39 | 10.67 | 4167 | 4.30% | 0.75% | 0.90% | 6.94% | 6.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 404 | 9.71 | 9.99 | 3955 | 4.11% | 0.75% | 0.90% | (0.01)% | (0.17)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 386 | 9.71 | 10.01 | 3776 | 3.84% | 0.75% | 0.90% | 2.12% | 1.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 346 | 9.51 | 9.81 | 3304 | 3.76% | 0.75% | 0.90% | (11.62)% | (11.75)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 336 | 10.76 | 11.12 | 3644 | 1.68% | 0.75% | 0.90% | (1.37)% | (1.52)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| American Funds IS U.S. Government Securities Fund, Class 4 | American Funds IS U.S. Government Securities Fund, Class 4 | American Funds IS U.S. Government Securities Fund, Class 4 | American Funds IS U.S. Government Securities Fund, Class 4 | American Funds IS U.S. Government Securities Fund, Class 4 | American Funds IS U.S. Government Securities Fund, Class 4 | American Funds IS U.S. Government Securities Fund, Class 4 | American Funds IS U.S. Government Securities Fund, Class 4 | American Funds IS U.S. Government Securities Fund, Class 4 | American Funds IS U.S. Government Securities Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3248 | $9.67 | $10.07 | $33817 | 5.01% | 0.30% | 1.30% | 7.22% | 6.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1762 | 9.02 | 9.49 | 17189 | 5.19% | 0.30% | 1.30% | 0.14% | (0.87)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 757 | 9.00 | 9.57 | 7395 | 4.60% | 0.30% | 1.30% | 2.31% | 1.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 424 | 8.80 | 9.45 | 4042 | 3.24% | 0.30% | 1.30% | (11.46)% | (12.35)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 466 | 9.94 | 10.78 | 5068 | 0.90% | 0.30% | 1.30% | (1.17)% | (2.16)% |
| American Funds IS Washington Mutual Investors Fund, Class 2 | American Funds IS Washington Mutual Investors Fund, Class 2 | American Funds IS Washington Mutual Investors Fund, Class 2 | American Funds IS Washington Mutual Investors Fund, Class 2 | American Funds IS Washington Mutual Investors Fund, Class 2 | American Funds IS Washington Mutual Investors Fund, Class 2 | American Funds IS Washington Mutual Investors Fund, Class 2 | American Funds IS Washington Mutual Investors Fund, Class 2 | American Funds IS Washington Mutual Investors Fund, Class 2 | American Funds IS Washington Mutual Investors Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2045 | 21.69 | 27.56 | 47572 | 1.41% | 0.75% | 0.90% | 16.33% | 16.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2243 | 18.64 | 23.73 | 45158 | 1.57% | 0.75% | 0.90% | 18.25% | 18.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2463 | 15.77 | 20.10 | 42268 | 1.87% | 0.75% | 0.90% | 16.41% | 16.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2557 | 13.54 | 17.29 | 38161 | 1.90% | 0.75% | 0.90% | (9.14)% | (9.27)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2381 | 14.91 | 19.06 | 39893 | 1.64% | 0.75% | 0.90% | 26.82% | 26.63% |
| American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 5409 | 21.77 | 25.72 | 84337 | 1.43% | 0.30% | 1.30% | 16.55% | 15.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3628 | 18.68 | 22.29 | 49369 | 1.86% | 0.30% | 1.30% | 18.49% | 17.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1383 | 15.77 | 19.01 | 16839 | 2.59% | 0.30% | 1.30% | 16.62% | 15.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 195 | 13.52 | 16.46 | 3041 | 1.68% | 0.30% | 1.30% | (8.96)% | (9.87)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 182 | 14.85 | 18.26 | 3297 | 1.32% | 0.30% | 1.30% | 27.13% | 25.86% |
| BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2539 | 13.76 | 13.11 | 34172 | 2.50% | 0.30% | 1.30% | 12.63% | 13.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2025 | 12.06 | 11.51 | 23761 | 2.80% | 0.65% | 1.30% | 10.63% | 9.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1162 | 10.90 | 10.47 | 12181 | 2.87% | 0.65% | 1.30% | 11.48% | 13.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 340 | 8.57 | 9.20 | 2986 | 3.22% | 0.75% | 1.30% | (15.67)% | (16.14)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 57 | 11.00 | 10.97 | 629 | 1.62% | 1.00% | 1.30% | 3.22% | 2.96% |
| BlackRock Advantage SMID Cap V.I. Fund, Class III | BlackRock Advantage SMID Cap V.I. Fund, Class III | BlackRock Advantage SMID Cap V.I. Fund, Class III | BlackRock Advantage SMID Cap V.I. Fund, Class III | BlackRock Advantage SMID Cap V.I. Fund, Class III | BlackRock Advantage SMID Cap V.I. Fund, Class III | BlackRock Advantage SMID Cap V.I. Fund, Class III | BlackRock Advantage SMID Cap V.I. Fund, Class III | BlackRock Advantage SMID Cap V.I. Fund, Class III | BlackRock Advantage SMID Cap V.I. Fund, Class III |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 339 | 13.94 | 13.63 | 4712 | 1.90% | 0.65% | 1.20% | 10.15% | 9.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 183 | 12.66 | 12.45 | 2307 | 2.63% | 0.65% | 1.20% | 10.98% | 10.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 15 | 11.40 | 11.40 | 172 | 190.48% | 0.65% | 0.65% | 12.03% | 12.03% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 5527 | $12.84 | $12.23 | $71321 | 4.81% | 0.30% | 1.30% | 19.15% | 17.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 4330 | 10.78 | 10.37 | 46464 | 1.83% | 0.30% | 1.30% | 8.60% | 7.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2844 | 9.93 | 9.65 | 27312 | 3.36% | 0.30% | 1.30% | 12.15% | 11.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1517 | 8.85 | 8.69 | 12534 | 0.00% | 0.30% | 1.30% | (16.32)% | (17.16)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 84 | 9.85 | 10.49 | 862 | 0.40% | 0.75% | 1.30% | (5.82)% | 0.34% |
| BlackRock International V.I. Fund, Class I | BlackRock International V.I. Fund, Class I | BlackRock International V.I. Fund, Class I | BlackRock International V.I. Fund, Class I | BlackRock International V.I. Fund, Class I | BlackRock International V.I. Fund, Class I | BlackRock International V.I. Fund, Class I | BlackRock International V.I. Fund, Class I | BlackRock International V.I. Fund, Class I | BlackRock International V.I. Fund, Class I |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 270 | 10.55 | 12.07 | 3122 | 1.72% | 0.30% | 1.20% | 15.19% | 14.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 213 | 9.16 | 10.57 | 2123 | 0.65% | 0.30% | 1.20% | 0.07% | (0.84)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 145 | 9.15 | 10.66 | 1416 | 1.39% | 0.30% | 1.20% | 18.67% | 11.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 57 | 7.71 | 7.03 | 405 | 1.43% | 0.30% | 0.75% | (24.84)% | (25.18)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 8 | 9.39 | 9.39 | 75 | 0.00% | 0.75% | 0.75% | 0.00% | 0.00% |
| Calvert VP SRI Balanced Portfolio, Class I | Calvert VP SRI Balanced Portfolio, Class I | Calvert VP SRI Balanced Portfolio, Class I | Calvert VP SRI Balanced Portfolio, Class I | Calvert VP SRI Balanced Portfolio, Class I | Calvert VP SRI Balanced Portfolio, Class I | Calvert VP SRI Balanced Portfolio, Class I | Calvert VP SRI Balanced Portfolio, Class I | Calvert VP SRI Balanced Portfolio, Class I | Calvert VP SRI Balanced Portfolio, Class I |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 20 | 38.22 | 40.94 | 874 | 1.65% | 0.85% | 1.55% | 10.53% | 9.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 22 | 34.58 | 37.31 | 859 | 1.63% | 0.85% | 1.55% | 18.59% | 17.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 36 | 29.16 | 31.68 | 1198 | 1.60% | 0.85% | 1.55% | 15.83% | 15.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 38 | 25.17 | 27.55 | 1079 | 1.03% | 0.85% | 1.55% | (16.13)% | (16.72)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 46 | 30.02 | 33.08 | 1595 | 1.16% | 0.85% | 1.55% | 14.14% | 13.34% |
| ClearBridge Variable Dividend Strategy Portfolio, Class II | ClearBridge Variable Dividend Strategy Portfolio, Class II | ClearBridge Variable Dividend Strategy Portfolio, Class II | ClearBridge Variable Dividend Strategy Portfolio, Class II | ClearBridge Variable Dividend Strategy Portfolio, Class II | ClearBridge Variable Dividend Strategy Portfolio, Class II | ClearBridge Variable Dividend Strategy Portfolio, Class II | ClearBridge Variable Dividend Strategy Portfolio, Class II | ClearBridge Variable Dividend Strategy Portfolio, Class II | ClearBridge Variable Dividend Strategy Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 27 | 16.97 | 16.16 | 409 | 1.70% | 0.30% | 1.30% | 12.12% | 11.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 36 | 15.13 | 14.56 | 507 | 1.21% | 0.30% | 1.30% | 16.34% | 15.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 31 | 13.01 | 12.64 | 374 | 2.10% | 0.30% | 1.30% | 13.67% | 12.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 18 | 11.44 | 11.23 | 203 | 1.95% | 0.30% | 1.30% | (8.51)% | (9.42)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4 | 12.43 | 12.40 | 45 | 0.98% | 1.00% | 1.30% | 10.96% | 10.68% |
| ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 72 | 16.05 | 15.82 | 1100 | 0.00% | 1.00% | 1.30% | 7.27% | 6.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 70 | 14.96 | 14.79 | 1025 | 0.00% | 1.00% | 1.30% | 26.28% | 25.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 69 | 11.85 | 11.75 | 805 | 0.00% | 1.00% | 1.30% | 42.23% | 41.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 18 | 8.33 | 8.28 | 147 | 0.00% | 1.00% | 1.30% | (33.09)% | (33.29)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 11 | 12.45 | 12.42 | 131 | 0.00% | 1.00% | 1.30% | 13.64% | 13.36% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1471 | $15.74 | $25.33 | $40530 | 0.01% | 0.30% | 1.75% | 0.54% | 2.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1646 | 38.26 | 24.77 | 44855 | 0.36% | 0.60% | 1.75% | 9.07% | 7.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1836 | 35.08 | 22.98 | 47333 | 0.02% | 0.60% | 1.75% | 11.95% | 10.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1068 | 31.33 | 20.77 | 24485 | 0.06% | 0.60% | 1.75% | (25.95)% | (26.80)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2032 | 42.31 | 28.37 | 66543 | 0.03% | 0.60% | 1.75% | 27.62% | 26.14% |
| ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 647 | 12.67 | 30.69 | 18356 | 0.00% | 0.30% | 1.75% | 8.64% | 7.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 701 | 11.66 | 28.66 | 19337 | 0.00% | 0.30% | 1.75% | 3.92% | 2.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 640 | 11.22 | 27.99 | 17582 | 0.00% | 0.30% | 1.75% | 7.80% | 6.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 486 | 10.41 | 26.34 | 12106 | 0.00% | 0.30% | 1.75% | (29.22)% | (30.25)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 540 | 14.71 | 37.77 | 20778 | 0.00% | 0.30% | 1.75% | 11.98% | 10.35% |
| Columbia VP Balanced Fund, Class 2 | Columbia VP Balanced Fund, Class 2 | Columbia VP Balanced Fund, Class 2 | Columbia VP Balanced Fund, Class 2 | Columbia VP Balanced Fund, Class 2 | Columbia VP Balanced Fund, Class 2 | Columbia VP Balanced Fund, Class 2 | Columbia VP Balanced Fund, Class 2 | Columbia VP Balanced Fund, Class 2 | Columbia VP Balanced Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1101 | 14.63 | 13.79 | 15644 | 0.00% | 0.65% | 1.30% | 13.01% | 12.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 873 | 12.95 | 12.28 | 10998 | 0.00% | 0.65% | 1.30% | 13.56% | 12.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 568 | 11.40 | 10.89 | 6273 | 0.00% | 0.65% | 1.30% | 16.13% | 19.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 188 | 8.32 | 9.11 | 1668 | 0.00% | 0.75% | 1.30% | (17.49)% | (17.94)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 140 | 11.13 | 11.10 | 1552 | 0.00% | 1.00% | 1.30% | 5.38% | 5.12% |
| Columbia VP Emerging Markets Bond Fund, Class 2 | Columbia VP Emerging Markets Bond Fund, Class 2 | Columbia VP Emerging Markets Bond Fund, Class 2 | Columbia VP Emerging Markets Bond Fund, Class 2 | Columbia VP Emerging Markets Bond Fund, Class 2 | Columbia VP Emerging Markets Bond Fund, Class 2 | Columbia VP Emerging Markets Bond Fund, Class 2 | Columbia VP Emerging Markets Bond Fund, Class 2 | Columbia VP Emerging Markets Bond Fund, Class 2 | Columbia VP Emerging Markets Bond Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 129 | 12.47 | 10.36 | 1601 | 5.18% | 0.65% | 0.75% | 11.92% | 11.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 112 | 11.14 | 9.27 | 1234 | 5.36% | 0.65% | 0.75% | 5.44% | 5.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 50 | 10.57 | 8.80 | 501 | 6.17% | 0.65% | 0.75% | 8.32% | 9.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 13 | 8.06 | 8.06 | 106 | 3.30% | 0.75% | 0.75% | (16.79)% | (16.79)% |
| Columbia VP Intermediate Bond Fund, Class 2 | Columbia VP Intermediate Bond Fund, Class 2 | Columbia VP Intermediate Bond Fund, Class 2 | Columbia VP Intermediate Bond Fund, Class 2 | Columbia VP Intermediate Bond Fund, Class 2 | Columbia VP Intermediate Bond Fund, Class 2 | Columbia VP Intermediate Bond Fund, Class 2 | Columbia VP Intermediate Bond Fund, Class 2 | Columbia VP Intermediate Bond Fund, Class 2 | Columbia VP Intermediate Bond Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 310 | 9.62 | 9.16 | 2927 | 5.26% | 0.30% | 1.30% | 8.51% | 7.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 293 | 8.86 | 8.53 | 2552 | 4.65% | 0.30% | 1.30% | 1.42% | 0.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 240 | 8.74 | 8.50 | 2053 | 2.38% | 0.30% | 1.30% | 5.77% | 4.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 109 | 8.26 | 8.11 | 890 | 3.65% | 0.30% | 1.30% | (17.47)% | (18.29)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 36 | 9.95 | 9.93 | 357 | 0.79% | 1.00% | 1.30% | (0.89)% | (1.14)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Columbia VP Limited Duration Credit Fund, Class 2 | Columbia VP Limited Duration Credit Fund, Class 2 | Columbia VP Limited Duration Credit Fund, Class 2 | Columbia VP Limited Duration Credit Fund, Class 2 | Columbia VP Limited Duration Credit Fund, Class 2 | Columbia VP Limited Duration Credit Fund, Class 2 | Columbia VP Limited Duration Credit Fund, Class 2 | Columbia VP Limited Duration Credit Fund, Class 2 | Columbia VP Limited Duration Credit Fund, Class 2 | Columbia VP Limited Duration Credit Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 176 | $10.89 | $10.38 | $1949 | 6.24% | 0.30% | 1.30% | 5.69% | 4.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 118 | 10.31 | 9.92 | 1234 | 3.76% | 0.30% | 1.30% | 4.32% | 3.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 71 | 9.88 | 9.60 | 706 | 4.02% | 0.30% | 1.30% | 6.34% | 5.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 28 | 9.29 | 9.12 | 259 | 0.62% | 0.30% | 1.30% | (6.64)% | (7.57)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2 | 9.95 | 9.89 | 17 | 0.15% | 0.30% | 1.00% | (1.09)% | (1.66)% |
| Columbia VP Select Mid Cap Value Fund, Class 2 | Columbia VP Select Mid Cap Value Fund, Class 2 | Columbia VP Select Mid Cap Value Fund, Class 2 | Columbia VP Select Mid Cap Value Fund, Class 2 | Columbia VP Select Mid Cap Value Fund, Class 2 | Columbia VP Select Mid Cap Value Fund, Class 2 | Columbia VP Select Mid Cap Value Fund, Class 2 | Columbia VP Select Mid Cap Value Fund, Class 2 | Columbia VP Select Mid Cap Value Fund, Class 2 | Columbia VP Select Mid Cap Value Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 130 | 14.85 | 12.53 | 1727 | 0.00% | 0.30% | 1.20% | 13.53% | 12.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 119 | 13.08 | 11.13 | 1405 | 0.00% | 0.30% | 1.20% | 11.93% | 10.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 117 | 11.69 | 10.04 | 1250 | 0.00% | 0.30% | 1.20% | 9.72% | 3.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 59 | 10.65 | 10.52 | 596 | 0.00% | 0.30% | 1.00% | (9.93)% | (10.56)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 7 | 11.83 | 11.76 | 83 | 0.00% | 0.30% | 1.00% | 13.40% | 12.76% |
| Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 | Columbia VP Seligman Global Technology Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 576 | 18.23 | 18.23 | 10505 | 0.00% | 1.20% | 1.20% | 32.76% | 32.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 553 | 13.73 | 13.73 | 7599 | 0.00% | 1.20% | 1.20% | 25.06% | 25.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 23 | 10.98 | 10.98 | 253 | 0.00% | 1.20% | 1.20% | 18.20% | 18.20% |
| Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 4418 | 10.74 | 10.23 | 49392 | 4.49% | 0.30% | 1.30% | 6.84% | 5.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2966 | 10.05 | 9.67 | 30942 | 4.49% | 0.30% | 1.30% | (1.95)% | 3.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1531 | 10.47 | 9.38 | 15022 | 3.60% | 0.65% | 1.30% | 6.79% | 7.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 673 | 8.68 | 8.70 | 5875 | 2.23% | 0.75% | 1.30% | (12.18)% | (12.66)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 39 | 9.88 | 9.96 | 389 | 0.38% | 0.75% | 1.30% | (1.47)% | (0.66)% |
| Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional | Dimensional VA Equity Allocation Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 31 | 21.87 | 21.87 | 672 | 2.30% | 0.30% | 0.30% | 19.58% | 19.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 19 | 18.29 | 18.29 | 355 | 1.90% | 0.30% | 0.30% | 14.75% | 14.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 20 | 15.94 | 15.94 | 324 | 2.86% | 0.30% | 0.30% | 19.79% | 19.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 8 | 13.30 | 13.30 | 108 | 3.02% | 0.30% | 0.30% | (13.94)% | (13.94)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2 | 15.46 | 15.46 | 25 | 2.01% | 0.30% | 0.30% | 8.40% | 8.40% |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | High |  |  | Low | High | Low | High |
| Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional | Dimensional VA Global Bond Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 309 | $10.59 | $3274 | 4.42% | 0.30% | 0.30% | 4.04% | 4.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 186 | 10.18 | 1889 | 5.43% | 0.30% | 0.30% | 5.07% | 5.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 145 | 9.68 | 1405 | 4.83% | 0.30% | 0.30% | 4.74% | 4.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 88 | 9.25 | 817 | 1.76% | 0.30% | 0.30% | (6.61)% | (6.61)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 70 | 9.90 | 696 | 0.71% | 0.30% | 0.30% | (1.31)% | (1.31)% |
| Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional | Dimensional VA Global Moderate Allocation Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 141 | 17.06 | 2401 | 2.71% | 0.30% | 0.30% | 14.34% | 14.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 129 | 14.92 | 1923 | 5.13% | 0.30% | 0.30% | 11.65% | 11.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 42 | 13.36 | 566 | 2.80% | 0.30% | 0.30% | 14.38% | 14.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 43 | 11.68 | 501 | 1.74% | 0.30% | 0.30% | (11.22)% | (11.22)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 28 | 13.16 | 369 | 1.42% | 0.30% | 0.30% | 10.82% | 10.82% |
| Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional | Dimensional VA International Small Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 87 | 19.12 | 1668 | 3.45% | 0.30% | 0.30% | 36.58% | 36.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 93 | 14.00 | 1303 | 3.67% | 0.30% | 0.30% | 3.50% | 3.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 80 | 13.53 | 1083 | 3.59% | 0.30% | 0.30% | 13.77% | 13.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 57 | 11.89 | 672 | 3.33% | 0.30% | 0.30% | (17.89)% | (17.89)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 27 | 14.48 | 395 | 4.86% | 0.30% | 0.30% | 14.22% | 14.22% |
| Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional | Dimensional VA International Value Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 96 | 25.18 | 2417 | 4.50% | 0.30% | 0.30% | 45.20% | 45.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 105 | 17.34 | 1814 | 4.22% | 0.30% | 0.30% | 6.30% | 6.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 90 | 16.31 | 1462 | 5.44% | 0.30% | 0.30% | 17.51% | 17.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 73 | 13.88 | 1016 | 5.32% | 0.30% | 0.30% | (3.75)% | (3.75)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 31 | 14.42 | 444 | 7.49% | 0.30% | 0.30% | 17.76% | 17.76% |
| Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional | Dimensional VA Short-Term Fixed Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 233 | 11.21 | 2615 | 4.28% | 0.30% | 0.30% | 4.02% | 4.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 232 | 10.78 | 2499 | 5.08% | 0.30% | 0.30% | 5.17% | 5.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 218 | 10.25 | 2239 | 5.06% | 0.30% | 0.30% | 4.67% | 4.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 92 | 9.79 | 900 | 1.44% | 0.30% | 0.30% | (1.45)% | (1.45)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 45 | 9.94 | 445 | 0.01% | 0.30% | 0.30% | (0.49)% | (0.49)% |

---

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | Low | High | High |  |  |  | Low | High | Low | High |
| Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional | Dimensional VA US Large Value Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 291 | $| 21.57 | $| 21.57 | $| 6285 | 2.19% | 0.30% | 0.30% | 15.48% | 15.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 238 |  | 18.68 |  | 18.68 |  | 4454 | 2.21% | 0.30% | 0.30% | 13.04% | 13.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 213 |  | 16.53 |  | 16.53 |  | 3516 | 2.57% | 0.30% | 0.30% | 10.59% | 10.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 159 |  | 14.94 |  | 14.94 |  | 2370 | 2.77% | 0.30% | 0.30% | (5.16)% | (5.16)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 93 |  | 15.76 |  | 15.76 |  | 1472 | 3.13% | 0.30% | 0.30% | 26.66% | 26.66% |
| Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional | Dimensional VA US Targeted Value Portfolio, Institutional |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 114 |  | 26.46 |  | 26.46 |  | 3028 | 2.06% | 0.30% | 0.30% | 8.62% | 8.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 97 |  | 24.36 |  | 24.36 |  | 2352 | 1.48% | 0.30% | 0.30% | 7.81% | 7.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 90 |  | 22.60 |  | 22.60 |  | 2041 | 1.87% | 0.30% | 0.30% | 19.67% | 19.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 68 |  | 18.88 |  | 18.88 |  | 1276 | 1.62% | 0.30% | 0.30% | (4.50)% | (4.50)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 36 |  | 19.77 |  | 19.77 |  | 703 | 1.30% | 0.30% | 0.30% | 33.43% | 33.43% |
| Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 301 |  | 12.74 |  | 12.13 |  | 3800 | 3.13% | 0.30% | 1.30% | 12.14% | 13.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 188 |  | 11.44 |  | 10.72 |  | 2094 | 3.51% | 0.65% | 1.30% | 7.53% | 6.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 62 |  | 10.64 |  | 10.04 |  | 643 | 3.60% | 0.65% | 1.30% | 9.85% | 11.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 13 |  | 8.95 |  | 9.03 |  | 115 | 2.36% | 1.20% | 1.30% | 3.47% | (16.25)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 7 |  | 10.80 |  | 10.78 |  | 77 | 1.37% | 1.00% | 1.30% | 2.74% | 2.48% |
| Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3141 |  | 13.95 |  | 13.58 |  | 43603 | 2.08% | 0.65% | 1.20% | 17.19% | 16.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2056 |  | 11.91 |  | 11.65 |  | 24405 | 2.65% | 0.65% | 1.20% | 9.83% | 9.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 781 |  | 10.84 |  | 10.67 |  | 8435 | 4.61% | 0.65% | 1.20% | 12.66% | 1.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 9 |  | 8.25 |  | 8.25 |  | 76 | 2.18% | 0.75% | 0.75% | (17.67)% | (17.67)% |
| Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 9036 |  | 15.00 |  | 14.29 |  | 128277 | 1.78% | 0.30% | 1.30% | 14.61% | 13.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 6369 |  | 13.08 |  | 12.59 |  | 78833 | 1.99% | 0.30% | 1.30% | 15.28% | 14.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3920 |  | 11.35 |  | 11.03 |  | 41456 | 1.83% | 0.30% | 1.30% | 20.87% | 19.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1996 |  | 9.39 |  | 9.22 |  | 17083 | 1.38% | 0.30% | 1.30% | (18.43)% | (19.25)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 395 |  | 10.26 |  | 11.42 |  | 4441 | 0.35% | 0.75% | 1.30% | (2.52)% | 8.48% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Fidelity VIP Bond Index Portfolio, Service Class 2 | Fidelity VIP Bond Index Portfolio, Service Class 2 | Fidelity VIP Bond Index Portfolio, Service Class 2 | Fidelity VIP Bond Index Portfolio, Service Class 2 | Fidelity VIP Bond Index Portfolio, Service Class 2 | Fidelity VIP Bond Index Portfolio, Service Class 2 | Fidelity VIP Bond Index Portfolio, Service Class 2 | Fidelity VIP Bond Index Portfolio, Service Class 2 | Fidelity VIP Bond Index Portfolio, Service Class 2 | Fidelity VIP Bond Index Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1870 | $10.79 | $10.57 | $19934 | 3.62% | 0.65% | 1.20% | 6.07% | 5.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1124 | 10.17 | 10.02 | 11259 | 3.61% | 0.65% | 1.20% | 0.34% | (0.22)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 396 | 10.14 | 10.04 | 3870 | 3.71% | 0.65% | 1.20% | 2.48% | 2.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 57 | 8.47 | 8.47 | 483 | 2.34% | 0.75% | 0.75% | (14.03)% | (14.03)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2 | 9.85 | 9.85 | 17 | 0.00% | 0.75% | 0.75% | 0.27% | 0.27% |
| Fidelity VIP Contrafund Portfolio, Service Class 2 | Fidelity VIP Contrafund Portfolio, Service Class 2 | Fidelity VIP Contrafund Portfolio, Service Class 2 | Fidelity VIP Contrafund Portfolio, Service Class 2 | Fidelity VIP Contrafund Portfolio, Service Class 2 | Fidelity VIP Contrafund Portfolio, Service Class 2 | Fidelity VIP Contrafund Portfolio, Service Class 2 | Fidelity VIP Contrafund Portfolio, Service Class 2 | Fidelity VIP Contrafund Portfolio, Service Class 2 | Fidelity VIP Contrafund Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 5741 | 14.05 | 52.04 | 287830 | 0.00% | 0.30% | 1.75% | 20.83% | 19.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 6450 | 11.63 | 43.70 | 285796 | 0.03% | 0.30% | 1.75% | (0.63)% | 31.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 7432 | 43.87 | 33.33 | 268826 | 0.27% | 0.60% | 1.75% | 32.32% | 30.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 4991 | 33.15 | 25.49 | 143936 | 0.17% | 0.60% | 1.75% | (26.93)% | (27.77)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 8858 | 45.37 | 35.28 | 356344 | 0.03% | 0.60% | 1.75% | 26.75% | 25.28% |
| Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 | Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 | Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 | Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 | Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 | Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 | Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 | Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 | Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 | Fidelity VIP Disciplined Small Cap Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 6 | 15.58 | 15.58 | 92 | 0.80% | 1.20% | 1.20% | 15.69% | 15.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3 | 13.47 | 13.47 | 44 | 3.17% | 1.20% | 1.20% | 19.28% | 19.28% |
| Fidelity VIP Emerging Markets Portfolio, Service Class 2 | Fidelity VIP Emerging Markets Portfolio, Service Class 2 | Fidelity VIP Emerging Markets Portfolio, Service Class 2 | Fidelity VIP Emerging Markets Portfolio, Service Class 2 | Fidelity VIP Emerging Markets Portfolio, Service Class 2 | Fidelity VIP Emerging Markets Portfolio, Service Class 2 | Fidelity VIP Emerging Markets Portfolio, Service Class 2 | Fidelity VIP Emerging Markets Portfolio, Service Class 2 | Fidelity VIP Emerging Markets Portfolio, Service Class 2 | Fidelity VIP Emerging Markets Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3 | 15.76 | 15.76 | 48 | 1.59% | 1.20% | 1.20% | 39.11% | 39.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3 | 11.33 | 11.33 | 30 | 1.25% | 1.20% | 1.20% | 10.92% | 10.92% |
| Fidelity VIP Energy Portfolio, Service Class 2 | Fidelity VIP Energy Portfolio, Service Class 2 | Fidelity VIP Energy Portfolio, Service Class 2 | Fidelity VIP Energy Portfolio, Service Class 2 | Fidelity VIP Energy Portfolio, Service Class 2 | Fidelity VIP Energy Portfolio, Service Class 2 | Fidelity VIP Energy Portfolio, Service Class 2 | Fidelity VIP Energy Portfolio, Service Class 2 | Fidelity VIP Energy Portfolio, Service Class 2 | Fidelity VIP Energy Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 86 | 20.88 | 19.89 | 1512 | 2.40% | 0.30% | 1.30% | 10.01% | 8.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 62 | 18.98 | 18.26 | 1003 | 2.03% | 0.30% | 1.30% | 3.71% | 2.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 88 | 18.30 | 17.79 | 1425 | 2.66% | 0.30% | 1.30% | 0.40% | (0.60)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 85 | 18.23 | 17.90 | 1502 | 2.98% | 0.30% | 1.30% | 62.38% | 60.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 26 | 11.16 | 11.13 | 294 | 2.56% | 1.00% | 1.30% | 10.05% | 9.77% |

---

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | Low | High | High |  |  |  | Low | High | Low | High |
| Fidelity VIP Equity-Income Portfolio, Service Class 2 | Fidelity VIP Equity-Income Portfolio, Service Class 2 | Fidelity VIP Equity-Income Portfolio, Service Class 2 | Fidelity VIP Equity-Income Portfolio, Service Class 2 | Fidelity VIP Equity-Income Portfolio, Service Class 2 | Fidelity VIP Equity-Income Portfolio, Service Class 2 | Fidelity VIP Equity-Income Portfolio, Service Class 2 | Fidelity VIP Equity-Income Portfolio, Service Class 2 | Fidelity VIP Equity-Income Portfolio, Service Class 2 | Fidelity VIP Equity-Income Portfolio, Service Class 2 | Fidelity VIP Equity-Income Portfolio, Service Class 2 | Fidelity VIP Equity-Income Portfolio, Service Class 2 | Fidelity VIP Equity-Income Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 107 | $| 40.23 | $| 32.64 | $| 4770 | 1.54% | 0.60% | 1.65% | 18.03% | 16.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 133 |  | 34.08 |  | 27.95 |  | 5023 | 1.53% | 0.60% | 1.65% | 14.36% | 13.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 157 |  | 29.80 |  | 24.70 |  | 5183 | 1.71% | 0.60% | 1.65% | 9.72% | 8.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 171 |  | 27.16 |  | 22.75 |  | 5154 | 1.57% | 0.60% | 1.65% | (5.81)% | (6.80)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 200 |  | 28.84 |  | 24.41 |  | 6468 | 1.65% | 0.60% | 1.65% | 23.86% | 22.55% |
| Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 74 |  | 13.12 |  | 11.61 |  | 912 | 1.05% | 0.65% | 0.75% | 11.31% | 11.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 64 |  | 11.79 |  | 10.44 |  | 708 | 1.58% | 0.65% | 0.75% | 11.29% | 11.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 20 |  | 10.59 |  | 9.39 |  | 197 | 2.32% | 0.65% | 0.75% | 4.23% | 16.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 7 |  | 8.08 |  | 8.08 |  | 53 | 1.70% | 0.75% | 0.75% | (18.91)% | (18.91)% |
| Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | Fidelity VIP Freedom 2015 Portfolio, Service Class 2 | Fidelity VIP Freedom 2015 Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 50 |  | 23.72 |  | 19.65 |  | 1182 | 2.44% | 0.60% | 1.65% | 10.99% | 9.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 74 |  | 21.37 |  | 17.89 |  | 1568 | 4.82% | 0.60% | 1.65% | 5.57% | 4.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 33 |  | 20.24 |  | 17.13 |  | 670 | 2.91% | 0.60% | 1.65% | 9.98% | 8.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 52 |  | 18.41 |  | 15.74 |  | 940 | 1.93% | 0.60% | 1.65% | (15.30)% | (16.19)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 63 |  | 21.73 |  | 18.78 |  | 1374 | 0.95% | 0.60% | 1.65% | 6.75% | 5.62% |
| Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service Class 2 | Fidelity VIP Freedom 2020 Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 105 |  | 25.38 |  | 21.02 |  | 2642 | 2.53% | 0.60% | 1.65% | 12.32% | 11.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 108 |  | 22.60 |  | 18.92 |  | 2457 | 2.68% | 0.60% | 1.65% | 6.76% | 5.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 109 |  | 21.17 |  | 17.91 |  | 2345 | 2.98% | 0.60% | 1.65% | 11.55% | 10.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 116 |  | 18.98 |  | 16.23 |  | 2240 | 1.77% | 0.60% | 1.65% | (16.47)% | (17.35)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 118 |  | 22.72 |  | 19.63 |  | 2729 | 0.82% | 0.60% | 1.65% | 8.61% | 7.46% |
| Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 242 |  | 11.15 |  | 10.99 |  | 2688 | 4.56% | 1.00% | 1.30% | 7.94% | 7.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 143 |  | 10.33 |  | 10.21 |  | 1468 | 3.88% | 1.00% | 1.30% | 4.33% | 4.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 129 |  | 9.90 |  | 9.82 |  | 1273 | 3.93% | 1.00% | 1.30% | 6.94% | 6.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 110 |  | 9.26 |  | 9.21 |  | 1014 | 2.79% | 1.00% | 1.30% | (10.66)% | (10.93)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 54 |  | 10.36 |  | 10.34 |  | 562 | 0.74% | 1.00% | 1.30% | 0.54% | 0.29% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 355 | $13.38 | $13.38 | $4742 | 2.56% | 0.65% | 0.65% | 14.76% | 14.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 225 | 11.66 | 11.66 | 2617 | 2.79% | 0.65% | 0.65% | 8.74% | 8.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 97 | 10.72 | 10.72 | 1036 | 6.74% | 0.65% | 0.65% | 9.94% | 9.94% |
| Fidelity VIP FundsManager 85% Portfolio, Service Class 2 | Fidelity VIP FundsManager 85% Portfolio, Service Class 2 | Fidelity VIP FundsManager 85% Portfolio, Service Class 2 | Fidelity VIP FundsManager 85% Portfolio, Service Class 2 | Fidelity VIP FundsManager 85% Portfolio, Service Class 2 | Fidelity VIP FundsManager 85% Portfolio, Service Class 2 | Fidelity VIP FundsManager 85% Portfolio, Service Class 2 | Fidelity VIP FundsManager 85% Portfolio, Service Class 2 | Fidelity VIP FundsManager 85% Portfolio, Service Class 2 | Fidelity VIP FundsManager 85% Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 72 | 14.45 | 14.09 | 958 | 2.24% | 0.65% | 1.30% | 18.49% | 17.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 31 | 12.20 | 11.97 | 371 | 0.66% | 0.65% | 1.30% | 11.65% | 10.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 73 | 10.92 | 10.79 | 789 | 1.61% | 0.65% | 1.30% | 8.93% | 15.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 59 | 8.29 | 9.30 | 547 | 0.93% | 0.75% | 1.30% | (17.81)% | (18.27)% |
| Fidelity VIP Growth & Income Portfolio, Service Class 2 | Fidelity VIP Growth & Income Portfolio, Service Class 2 | Fidelity VIP Growth & Income Portfolio, Service Class 2 | Fidelity VIP Growth & Income Portfolio, Service Class 2 | Fidelity VIP Growth & Income Portfolio, Service Class 2 | Fidelity VIP Growth & Income Portfolio, Service Class 2 | Fidelity VIP Growth & Income Portfolio, Service Class 2 | Fidelity VIP Growth & Income Portfolio, Service Class 2 | Fidelity VIP Growth & Income Portfolio, Service Class 2 | Fidelity VIP Growth & Income Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 71 | 16.14 | 16.14 | 1152 | 1.90% | 1.20% | 1.20% | 19.76% | 19.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 40 | 13.48 | 13.48 | 538 | 2.27% | 1.20% | 1.20% | 20.49% | 20.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3 | 11.19 | 11.19 | 34 | 4.59% | 1.20% | 1.20% | 11.84% | 11.84% |
| Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3 | 17.65 | 17.65 | 48 | 0.00% | 0.30% | 0.30% | 21.27% | 21.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1 | 14.55 | 14.55 | 19 | 0.00% | 0.30% | 0.30% | 11.41% | 11.41% |
| Fidelity VIP Growth Portfolio, Service Class 2 | Fidelity VIP Growth Portfolio, Service Class 2 | Fidelity VIP Growth Portfolio, Service Class 2 | Fidelity VIP Growth Portfolio, Service Class 2 | Fidelity VIP Growth Portfolio, Service Class 2 | Fidelity VIP Growth Portfolio, Service Class 2 | Fidelity VIP Growth Portfolio, Service Class 2 | Fidelity VIP Growth Portfolio, Service Class 2 | Fidelity VIP Growth Portfolio, Service Class 2 | Fidelity VIP Growth Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 72 | 18.35 | 70.42 | 6944 | 0.05% | 0.30% | 1.65% | 14.27% | 12.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 61 | 16.06 | 62.47 | 4939 | 0.00% | 0.30% | 1.65% | 5.74% | 27.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 48 | 58.93 | 48.84 | 2785 | 0.00% | 0.60% | 1.65% | 35.08% | 33.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 55 | 43.62 | 36.54 | 2364 | 0.34% | 0.60% | 1.65% | (25.10)% | (25.88)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 64 | 58.24 | 49.30 | 3652 | 0.00% | 0.60% | 1.65% | 22.17% | 20.88% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Fidelity VIP Health Care Portfolio, Service Class 2 | Fidelity VIP Health Care Portfolio, Service Class 2 | Fidelity VIP Health Care Portfolio, Service Class 2 | Fidelity VIP Health Care Portfolio, Service Class 2 | Fidelity VIP Health Care Portfolio, Service Class 2 | Fidelity VIP Health Care Portfolio, Service Class 2 | Fidelity VIP Health Care Portfolio, Service Class 2 | Fidelity VIP Health Care Portfolio, Service Class 2 | Fidelity VIP Health Care Portfolio, Service Class 2 | Fidelity VIP Health Care Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 275 | $11.96 | $11.39 | $3160 | 0.19% | 0.30% | 1.30% | 13.75% | 12.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 235 | 10.52 | 10.12 | 2380 | 0.00% | 0.30% | 1.30% | 4.54% | 3.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 181 | 10.06 | 9.78 | 1755 | 0.00% | 0.30% | 1.30% | 3.70% | 2.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 102 | 9.70 | 9.52 | 960 | 0.00% | 0.30% | 1.30% | (12.88)% | (13.75)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 18 | 11.07 | 11.04 | 197 | 0.00% | 1.00% | 1.30% | 2.97% | 2.71% |
| Fidelity VIP High Income Portfolio, Service Class 2 | Fidelity VIP High Income Portfolio, Service Class 2 | Fidelity VIP High Income Portfolio, Service Class 2 | Fidelity VIP High Income Portfolio, Service Class 2 | Fidelity VIP High Income Portfolio, Service Class 2 | Fidelity VIP High Income Portfolio, Service Class 2 | Fidelity VIP High Income Portfolio, Service Class 2 | Fidelity VIP High Income Portfolio, Service Class 2 | Fidelity VIP High Income Portfolio, Service Class 2 | Fidelity VIP High Income Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 55 | 12.43 | 12.43 | 681 | 9.46% | 1.20% | 1.20% | 8.99% | 8.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 20 | 11.41 | 11.41 | 226 | 15.52% | 1.20% | 1.20% | 7.31% | 7.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3 | 10.63 | 10.63 | 31 | 40.88% | 1.20% | 1.20% | 4.70% | 4.70% |
| Fidelity VIP Index 500 Portfolio, Service Class 2 | Fidelity VIP Index 500 Portfolio, Service Class 2 | Fidelity VIP Index 500 Portfolio, Service Class 2 | Fidelity VIP Index 500 Portfolio, Service Class 2 | Fidelity VIP Index 500 Portfolio, Service Class 2 | Fidelity VIP Index 500 Portfolio, Service Class 2 | Fidelity VIP Index 500 Portfolio, Service Class 2 | Fidelity VIP Index 500 Portfolio, Service Class 2 | Fidelity VIP Index 500 Portfolio, Service Class 2 | Fidelity VIP Index 500 Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 17010 | 64.72 | 50.63 | 699604 | 0.98% | 0.60% | 1.75% | 16.78% | 15.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 18206 | 55.42 | 43.87 | 703328 | 1.05% | 0.60% | 1.75% | 23.84% | 22.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 18406 | 44.75 | 35.84 | 640855 | 1.24% | 0.60% | 1.75% | 25.13% | 23.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 9610 | 35.76 | 28.98 | 248696 | 0.74% | 0.60% | 1.75% | (18.91)% | (19.84)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 23448 | 44.10 | 36.15 | 890425 | 1.04% | 0.60% | 1.75% | 27.49% | 26.02% |
| Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 50 | 13.87 | 13.89 | 698 | 0.79% | 0.30% | 1.20% | 18.01% | 16.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 52 | 11.75 | 11.88 | 617 | 0.62% | 0.30% | 1.20% | 7.60% | 6.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 44 | 10.92 | 11.14 | 483 | 0.81% | 0.30% | 1.20% | 8.83% | 17.98% |
| Fidelity VIP International Index Portfolio, Service Class 2 | Fidelity VIP International Index Portfolio, Service Class 2 | Fidelity VIP International Index Portfolio, Service Class 2 | Fidelity VIP International Index Portfolio, Service Class 2 | Fidelity VIP International Index Portfolio, Service Class 2 | Fidelity VIP International Index Portfolio, Service Class 2 | Fidelity VIP International Index Portfolio, Service Class 2 | Fidelity VIP International Index Portfolio, Service Class 2 | Fidelity VIP International Index Portfolio, Service Class 2 | Fidelity VIP International Index Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 378 | 14.60 | 12.74 | 5403 | 3.03% | 0.65% | 0.75% | 31.96% | 31.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 257 | 11.06 | 9.67 | 2782 | 3.29% | 0.65% | 0.75% | 4.14% | 4.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 152 | 10.62 | 9.29 | 1555 | 4.04% | 0.65% | 0.75% | 14.00% | 15.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 27 | 8.08 | 8.08 | 216 | 3.96% | 0.75% | 0.75% | (16.84)% | (16.84)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2 | 9.71 | 9.71 | 22 | 0.00% | 0.75% | 0.75% | (0.00)% | (0.00)% |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 23342 | $9.97 | $11.03 | $287316 | 3.49% | 0.30% | 1.75% | 6.61% | 5.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 23135 | 9.36 | 10.50 | 271784 | 3.42% | 0.30% | 1.75% | 1.19% | (0.28)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 21580 | 9.25 | 10.53 | 255514 | 2.51% | 0.30% | 1.75% | 5.68% | 4.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 21625 | 8.75 | 10.11 | 246236 | 2.03% | 0.30% | 1.75% | (13.47)% | (14.73)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 22092 | 10.11 | 11.86 | 297519 | 1.87% | 0.30% | 1.75% | (1.19)% | (2.63)% |
| Fidelity VIP Mid Cap Portfolio, Service Class 2 | Fidelity VIP Mid Cap Portfolio, Service Class 2 | Fidelity VIP Mid Cap Portfolio, Service Class 2 | Fidelity VIP Mid Cap Portfolio, Service Class 2 | Fidelity VIP Mid Cap Portfolio, Service Class 2 | Fidelity VIP Mid Cap Portfolio, Service Class 2 | Fidelity VIP Mid Cap Portfolio, Service Class 2 | Fidelity VIP Mid Cap Portfolio, Service Class 2 | Fidelity VIP Mid Cap Portfolio, Service Class 2 | Fidelity VIP Mid Cap Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 5267 | 21.13 | 29.97 | 195200 | 0.27% | 0.30% | 1.75% | 11.15% | 9.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 6038 | 19.01 | 27.36 | 206390 | 0.32% | 0.30% | 1.75% | 16.82% | 15.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 7277 | 16.27 | 23.77 | 218317 | 0.42% | 0.30% | 1.75% | 14.46% | 12.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 4992 | 14.21 | 21.07 | 137923 | 0.20% | 0.30% | 1.75% | (15.22)% | (16.45)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 9383 | 16.77 | 25.22 | 298885 | 0.35% | 0.30% | 1.75% | 24.93% | 23.12% |
| Fidelity VIP Strategic Income Portfolio, Service Class 2 | Fidelity VIP Strategic Income Portfolio, Service Class 2 | Fidelity VIP Strategic Income Portfolio, Service Class 2 | Fidelity VIP Strategic Income Portfolio, Service Class 2 | Fidelity VIP Strategic Income Portfolio, Service Class 2 | Fidelity VIP Strategic Income Portfolio, Service Class 2 | Fidelity VIP Strategic Income Portfolio, Service Class 2 | Fidelity VIP Strategic Income Portfolio, Service Class 2 | Fidelity VIP Strategic Income Portfolio, Service Class 2 | Fidelity VIP Strategic Income Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 77 | 11.73 | 11.73 | 898 | 4.30% | 1.20% | 1.20% | 7.28% | 7.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 34 | 10.93 | 10.93 | 370 | 7.91% | 1.20% | 1.20% | 4.50% | 4.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3 | 10.46 | 10.46 | 32 | 70.71% | 1.20% | 1.20% | 4.98% | 4.98% |
| Fidelity VIP Target Volatility Portfolio, Service Class 2 | Fidelity VIP Target Volatility Portfolio, Service Class 2 | Fidelity VIP Target Volatility Portfolio, Service Class 2 | Fidelity VIP Target Volatility Portfolio, Service Class 2 | Fidelity VIP Target Volatility Portfolio, Service Class 2 | Fidelity VIP Target Volatility Portfolio, Service Class 2 | Fidelity VIP Target Volatility Portfolio, Service Class 2 | Fidelity VIP Target Volatility Portfolio, Service Class 2 | Fidelity VIP Target Volatility Portfolio, Service Class 2 | Fidelity VIP Target Volatility Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 37 | 12.02 | 12.25 | 449 | 22.05% | 1.20% | 1.30% | 9.57% | 9.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 37 | 10.98 | 11.19 | 406 | 1.86% | 1.00% | 1.30% | 5.43% | 8.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 37 | 10.41 | 10.33 | 380 | 3.42% | 1.00% | 1.30% | 5.36% | 12.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 10 | 8.99 | 9.18 | 89 | 2.40% | 1.20% | 1.30% | (1.63)% | (16.75)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 6 | 11.03 | 11.03 | 62 | 0.00% | 1.30% | 1.30% | 2.62% | 2.62% |
| Fidelity VIP Technology Portfolio, Initial Class | Fidelity VIP Technology Portfolio, Initial Class | Fidelity VIP Technology Portfolio, Initial Class | Fidelity VIP Technology Portfolio, Initial Class | Fidelity VIP Technology Portfolio, Initial Class | Fidelity VIP Technology Portfolio, Initial Class | Fidelity VIP Technology Portfolio, Initial Class | Fidelity VIP Technology Portfolio, Initial Class | Fidelity VIP Technology Portfolio, Initial Class | Fidelity VIP Technology Portfolio, Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2156 | 21.96 | 18.62 | 48548 | 0.00% | 0.30% | 1.20% | 22.40% | 21.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1317 | 17.94 | 15.35 | 24477 | 0.00% | 0.30% | 1.20% | 26.59% | 33.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 505 | 13.98 | 11.46 | 6909 | 0.26% | 0.65% | 1.20% | 35.91% | 20.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 25 | 6.78 | 6.78 | 167 | 0.00% | 0.75% | 0.75% | (36.34)% | (36.34)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Fidelity VIP Total Market Index Portfolio, Service Class 2 | Fidelity VIP Total Market Index Portfolio, Service Class 2 | Fidelity VIP Total Market Index Portfolio, Service Class 2 | Fidelity VIP Total Market Index Portfolio, Service Class 2 | Fidelity VIP Total Market Index Portfolio, Service Class 2 | Fidelity VIP Total Market Index Portfolio, Service Class 2 | Fidelity VIP Total Market Index Portfolio, Service Class 2 | Fidelity VIP Total Market Index Portfolio, Service Class 2 | Fidelity VIP Total Market Index Portfolio, Service Class 2 | Fidelity VIP Total Market Index Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 477 | $16.65 | $14.68 | $7544 | 0.99% | 0.65% | 0.75% | 16.10% | 15.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 401 | 14.34 | 12.66 | 5420 | 1.24% | 0.65% | 0.75% | 22.58% | 22.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 270 | 11.70 | 10.34 | 2885 | 1.07% | 0.65% | 0.75% | 21.46% | 24.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 172 | 8.29 | 8.29 | 1423 | 2.54% | 0.75% | 0.75% | (20.01)% | (20.01)% |
| Fidelity VIP Utilities Portfolio, Initial Class | Fidelity VIP Utilities Portfolio, Initial Class | Fidelity VIP Utilities Portfolio, Initial Class | Fidelity VIP Utilities Portfolio, Initial Class | Fidelity VIP Utilities Portfolio, Initial Class | Fidelity VIP Utilities Portfolio, Initial Class | Fidelity VIP Utilities Portfolio, Initial Class | Fidelity VIP Utilities Portfolio, Initial Class | Fidelity VIP Utilities Portfolio, Initial Class | Fidelity VIP Utilities Portfolio, Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 29 | 18.54 | 15.78 | 431 | 1.83% | 0.30% | 0.75% | 11.58% | 13.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 23 | 12.93 | 13.93 | 310 | 1.98% | 0.65% | 0.75% | 28.16% | 28.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 23 | 10.09 | 10.88 | 237 | 3.72% | 0.65% | 0.75% | 0.49% | (1.77)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 6 | 11.08 | 11.08 | 67 | 1.63% | 0.75% | 0.75% | 4.63% | 4.63% |
| Fidelity VIP Value Strategies Portfolio, Service Class 2 | Fidelity VIP Value Strategies Portfolio, Service Class 2 | Fidelity VIP Value Strategies Portfolio, Service Class 2 | Fidelity VIP Value Strategies Portfolio, Service Class 2 | Fidelity VIP Value Strategies Portfolio, Service Class 2 | Fidelity VIP Value Strategies Portfolio, Service Class 2 | Fidelity VIP Value Strategies Portfolio, Service Class 2 | Fidelity VIP Value Strategies Portfolio, Service Class 2 | Fidelity VIP Value Strategies Portfolio, Service Class 2 | Fidelity VIP Value Strategies Portfolio, Service Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 162 | 13.34 | 13.77 | 2130 | 0.88% | 0.30% | 1.20% | 7.38% | 6.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 139 | 12.42 | 12.94 | 1714 | 0.95% | 0.30% | 1.20% | 8.83% | 10.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 94 | 11.41 | 11.52 | 1073 | 1.14% | 0.30% | 0.75% | 20.25% | 19.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 59 | 9.49 | 9.63 | 569 | 0.89% | 0.30% | 0.75% | 2.66% | (7.41)% |
| First Trust Multi Income Allocation Portfolio, Class I | First Trust Multi Income Allocation Portfolio, Class I | First Trust Multi Income Allocation Portfolio, Class I | First Trust Multi Income Allocation Portfolio, Class I | First Trust Multi Income Allocation Portfolio, Class I | First Trust Multi Income Allocation Portfolio, Class I | First Trust Multi Income Allocation Portfolio, Class I | First Trust Multi Income Allocation Portfolio, Class I | First Trust Multi Income Allocation Portfolio, Class I | First Trust Multi Income Allocation Portfolio, Class I |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 39 | 10.46 | 10.41 | 404 | 0.83% | 0.65% | 1.20% | 6.07% | 2.65% |
| First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I | First Trust/Dow Jones Dividend & Income Allocation Portfolio, Class I |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 402 | 10.25 | 10.21 | 4114 | 4.79% | 0.65% | 1.20% | 2.76% | 2.18% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Franklin DynaTech VIP Fund, Class 2 | Franklin DynaTech VIP Fund, Class 2 | Franklin DynaTech VIP Fund, Class 2 | Franklin DynaTech VIP Fund, Class 2 | Franklin DynaTech VIP Fund, Class 2 | Franklin DynaTech VIP Fund, Class 2 | Franklin DynaTech VIP Fund, Class 2 | Franklin DynaTech VIP Fund, Class 2 | Franklin DynaTech VIP Fund, Class 2 | Franklin DynaTech VIP Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1712 | $18.16 | $44.89 | $58020 | 0.00% | 0.30% | 1.75% | 14.44% | 16.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1887 | 51.47 | 38.67 | 58040 | 0.00% | 0.60% | 1.75% | 29.66% | 28.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2023 | 39.69 | 30.18 | 51287 | 0.00% | 0.60% | 1.75% | 42.91% | 41.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1426 | 27.77 | 21.36 | 22952 | 0.00% | 0.60% | 1.75% | (40.32)% | (41.01)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1453 | 46.54 | 36.21 | 50142 | 0.00% | 0.60% | 1.75% | 15.45% | 14.12% |
| Franklin Income VIP Fund, Class 2 | Franklin Income VIP Fund, Class 2 | Franklin Income VIP Fund, Class 2 | Franklin Income VIP Fund, Class 2 | Franklin Income VIP Fund, Class 2 | Franklin Income VIP Fund, Class 2 | Franklin Income VIP Fund, Class 2 | Franklin Income VIP Fund, Class 2 | Franklin Income VIP Fund, Class 2 | Franklin Income VIP Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 11492 | 16.08 | 19.01 | 207609 | 5.04% | 0.30% | 1.75% | 12.22% | 10.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 8448 | 14.33 | 17.19 | 157542 | 5.09% | 0.30% | 1.75% | 6.88% | 5.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 6958 | 13.41 | 16.32 | 139933 | 5.52% | 0.30% | 1.75% | 8.30% | 6.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 5291 | 12.38 | 15.29 | 103413 | 4.13% | 0.30% | 1.75% | (5.76)% | (7.12)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 8997 | 13.13 | 16.46 | 185425 | 4.73% | 0.30% | 1.75% | 16.40% | 14.72% |
| Franklin Mutual Global Discovery VIP Fund, Class 2 | Franklin Mutual Global Discovery VIP Fund, Class 2 | Franklin Mutual Global Discovery VIP Fund, Class 2 | Franklin Mutual Global Discovery VIP Fund, Class 2 | Franklin Mutual Global Discovery VIP Fund, Class 2 | Franklin Mutual Global Discovery VIP Fund, Class 2 | Franklin Mutual Global Discovery VIP Fund, Class 2 | Franklin Mutual Global Discovery VIP Fund, Class 2 | Franklin Mutual Global Discovery VIP Fund, Class 2 | Franklin Mutual Global Discovery VIP Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 186 | 17.31 | 17.31 | 3294 | 1.87% | 0.75% | 1.30% | 22.41% | 21.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 225 | 14.14 | 14.22 | 3273 | 1.68% | 0.75% | 1.30% | 3.87% | 3.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 249 | 13.62 | 13.77 | 3507 | 2.42% | 0.75% | 1.30% | 19.41% | 18.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 278 | 11.40 | 11.60 | 3281 | 1.34% | 0.75% | 1.30% | (5.46)% | (5.98)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 320 | 12.06 | 12.33 | 3994 | 3.29% | 0.75% | 1.30% | 18.24% | 17.58% |
| Franklin Mutual Shares VIP Fund, Class 2 | Franklin Mutual Shares VIP Fund, Class 2 | Franklin Mutual Shares VIP Fund, Class 2 | Franklin Mutual Shares VIP Fund, Class 2 | Franklin Mutual Shares VIP Fund, Class 2 | Franklin Mutual Shares VIP Fund, Class 2 | Franklin Mutual Shares VIP Fund, Class 2 | Franklin Mutual Shares VIP Fund, Class 2 | Franklin Mutual Shares VIP Fund, Class 2 | Franklin Mutual Shares VIP Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 14817 | 27.66 | 22.93 | 390500 | 2.06% | 0.60% | 1.75% | 10.85% | 9.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 17140 | 24.95 | 20.93 | 409599 | 1.93% | 0.60% | 1.75% | 10.60% | 9.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 20610 | 22.56 | 19.15 | 447846 | 2.00% | 0.60% | 1.75% | 12.79% | 11.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 18330 | 20.00 | 17.17 | 354552 | 1.34% | 0.60% | 1.75% | (7.99)% | (9.05)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 28009 | 21.74 | 18.88 | 593134 | 2.90% | 0.60% | 1.75% | 18.45% | 17.09% |
| Franklin Rising Dividends VIP Fund, Class 2 | Franklin Rising Dividends VIP Fund, Class 2 | Franklin Rising Dividends VIP Fund, Class 2 | Franklin Rising Dividends VIP Fund, Class 2 | Franklin Rising Dividends VIP Fund, Class 2 | Franklin Rising Dividends VIP Fund, Class 2 | Franklin Rising Dividends VIP Fund, Class 2 | Franklin Rising Dividends VIP Fund, Class 2 | Franklin Rising Dividends VIP Fund, Class 2 | Franklin Rising Dividends VIP Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 15077 | 18.57 | 37.66 | 384927 | 0.83% | 0.30% | 1.75% | 11.47% | 9.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 12565 | 16.66 | 34.28 | 334303 | 1.01% | 0.30% | 1.75% | 10.45% | 8.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 10167 | 15.08 | 31.50 | 300428 | 0.96% | 0.30% | 1.75% | 11.74% | 10.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 9167 | 13.50 | 28.60 | 282597 | 0.46% | 0.30% | 1.75% | (10.84)% | (12.13)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 10145 | 15.14 | 32.55 | 368754 | 0.87% | 0.30% | 1.75% | 26.41% | 24.57% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Franklin Small Cap Value VIP Fund, Class 2 | Franklin Small Cap Value VIP Fund, Class 2 | Franklin Small Cap Value VIP Fund, Class 2 | Franklin Small Cap Value VIP Fund, Class 2 | Franklin Small Cap Value VIP Fund, Class 2 | Franklin Small Cap Value VIP Fund, Class 2 | Franklin Small Cap Value VIP Fund, Class 2 | Franklin Small Cap Value VIP Fund, Class 2 | Franklin Small Cap Value VIP Fund, Class 2 | Franklin Small Cap Value VIP Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3720 | $19.91 | $28.92 | $70884 | 0.99% | 0.30% | 1.75% | 7.33% | 5.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2600 | 18.55 | 27.34 | 54553 | 0.93% | 0.30% | 1.75% | 11.37% | 9.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1797 | 16.66 | 24.91 | 44135 | 0.50% | 0.30% | 1.75% | 12.41% | 10.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1208 | 14.82 | 22.49 | 31949 | 0.79% | 0.30% | 1.75% | (10.33)% | (11.63)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1576 | 36.77 | 25.45 | 48020 | 1.06% | 0.60% | 1.75% | 24.61% | 23.18% |
| Franklin Small-Mid Cap Growth VIP Fund, Class 2 | Franklin Small-Mid Cap Growth VIP Fund, Class 2 | Franklin Small-Mid Cap Growth VIP Fund, Class 2 | Franklin Small-Mid Cap Growth VIP Fund, Class 2 | Franklin Small-Mid Cap Growth VIP Fund, Class 2 | Franklin Small-Mid Cap Growth VIP Fund, Class 2 | Franklin Small-Mid Cap Growth VIP Fund, Class 2 | Franklin Small-Mid Cap Growth VIP Fund, Class 2 | Franklin Small-Mid Cap Growth VIP Fund, Class 2 | Franklin Small-Mid Cap Growth VIP Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1027 | 13.23 | 29.51 | 30501 | 0.00% | 0.30% | 1.75% | 2.21% | 0.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1088 | 12.94 | 29.30 | 33024 | 0.00% | 0.30% | 1.75% | 10.70% | 9.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1199 | 11.69 | 26.86 | 34210 | 0.00% | 0.30% | 1.75% | 26.36% | 24.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 930 | 9.25 | 21.57 | 21330 | 0.00% | 0.30% | 1.75% | (33.89)% | (34.85)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1059 | 43.78 | 33.11 | 38855 | 0.00% | 0.60% | 1.75% | 9.35% | 8.09% |
| Franklin Strategic Income VIP Fund, Class 2 | Franklin Strategic Income VIP Fund, Class 2 | Franklin Strategic Income VIP Fund, Class 2 | Franklin Strategic Income VIP Fund, Class 2 | Franklin Strategic Income VIP Fund, Class 2 | Franklin Strategic Income VIP Fund, Class 2 | Franklin Strategic Income VIP Fund, Class 2 | Franklin Strategic Income VIP Fund, Class 2 | Franklin Strategic Income VIP Fund, Class 2 | Franklin Strategic Income VIP Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 501 | 10.96 | 10.99 | 5685 | 4.79% | 0.75% | 1.30% | 6.44% | 5.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 521 | 10.30 | 10.38 | 5568 | 4.50% | 0.75% | 1.30% | 3.24% | 2.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 550 | 9.98 | 10.12 | 5711 | 4.69% | 0.75% | 1.30% | 7.37% | 6.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 608 | 9.29 | 9.47 | 5907 | 4.11% | 0.75% | 1.30% | (11.42)% | (11.91)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 606 | 10.49 | 10.75 | 6665 | 3.33% | 0.75% | 1.30% | 1.34% | 0.78% |
| Franklin U.S. Government Securities VIP Fund, Class 2 | Franklin U.S. Government Securities VIP Fund, Class 2 | Franklin U.S. Government Securities VIP Fund, Class 2 | Franklin U.S. Government Securities VIP Fund, Class 2 | Franklin U.S. Government Securities VIP Fund, Class 2 | Franklin U.S. Government Securities VIP Fund, Class 2 | Franklin U.S. Government Securities VIP Fund, Class 2 | Franklin U.S. Government Securities VIP Fund, Class 2 | Franklin U.S. Government Securities VIP Fund, Class 2 | Franklin U.S. Government Securities VIP Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 24478 | 13.46 | 9.23 | 269745 | 3.27% | 0.60% | 1.75% | 6.05% | 4.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 28137 | 12.69 | 8.80 | 293298 | 3.09% | 0.60% | 1.75% | 0.76% | (0.41)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 30071 | 12.59 | 8.84 | 311693 | 2.69% | 0.60% | 1.75% | 3.84% | 2.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 33272 | 12.13 | 8.61 | 332953 | 2.34% | 0.60% | 1.75% | (10.29)% | (11.33)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 37380 | 13.52 | 9.71 | 419387 | 2.49% | 0.60% | 1.75% | (2.42)% | (3.54)% |
| Goldman Sachs VIT Core Fixed Income Fund, Service Class | Goldman Sachs VIT Core Fixed Income Fund, Service Class | Goldman Sachs VIT Core Fixed Income Fund, Service Class | Goldman Sachs VIT Core Fixed Income Fund, Service Class | Goldman Sachs VIT Core Fixed Income Fund, Service Class | Goldman Sachs VIT Core Fixed Income Fund, Service Class | Goldman Sachs VIT Core Fixed Income Fund, Service Class | Goldman Sachs VIT Core Fixed Income Fund, Service Class | Goldman Sachs VIT Core Fixed Income Fund, Service Class | Goldman Sachs VIT Core Fixed Income Fund, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2555 | 9.60 | 10.49 | 27261 | 3.61% | 0.30% | 1.30% | 7.00% | 5.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2684 | 8.97 | 9.91 | 26972 | 3.73% | 0.30% | 1.30% | 0.59% | (0.43)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2680 | 8.92 | 9.95 | 26987 | 2.80% | 0.30% | 1.30% | 5.51% | 4.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2779 | 8.46 | 9.53 | 26759 | 1.41% | 0.30% | 1.30% | (14.53)% | (15.39)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2895 | 9.89 | 11.26 | 32932 | 1.13% | 0.30% | 1.30% | (2.52)% | (3.50)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Goldman Sachs VIT International Equity Insights Fund, Institutional Class | Goldman Sachs VIT International Equity Insights Fund, Institutional Class | Goldman Sachs VIT International Equity Insights Fund, Institutional Class | Goldman Sachs VIT International Equity Insights Fund, Institutional Class | Goldman Sachs VIT International Equity Insights Fund, Institutional Class | Goldman Sachs VIT International Equity Insights Fund, Institutional Class | Goldman Sachs VIT International Equity Insights Fund, Institutional Class | Goldman Sachs VIT International Equity Insights Fund, Institutional Class | Goldman Sachs VIT International Equity Insights Fund, Institutional Class | Goldman Sachs VIT International Equity Insights Fund, Institutional Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 622 | $31.65 | $33.23 | $18451 | 2.54% | 0.60% | 1.80% | 37.66% | 36.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 757 | 22.99 | 24.43 | 16299 | 2.85% | 0.60% | 1.80% | 5.49% | 4.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 873 | 21.79 | 23.45 | 17825 | 2.63% | 0.60% | 1.80% | 18.00% | 16.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 997 | 18.47 | 20.11 | 17275 | 2.93% | 0.60% | 1.80% | (14.07)% | (15.11)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1092 | 21.49 | 23.69 | 22272 | 2.80% | 0.60% | 1.80% | 11.50% | 10.15% |
| Goldman Sachs VIT International Equity Insights Fund, Service Class | Goldman Sachs VIT International Equity Insights Fund, Service Class | Goldman Sachs VIT International Equity Insights Fund, Service Class | Goldman Sachs VIT International Equity Insights Fund, Service Class | Goldman Sachs VIT International Equity Insights Fund, Service Class | Goldman Sachs VIT International Equity Insights Fund, Service Class | Goldman Sachs VIT International Equity Insights Fund, Service Class | Goldman Sachs VIT International Equity Insights Fund, Service Class | Goldman Sachs VIT International Equity Insights Fund, Service Class | Goldman Sachs VIT International Equity Insights Fund, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1508 | 19.44 | 19.22 | 30824 | 2.29% | 0.70% | 1.75% | 37.19% | 35.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1788 | 14.17 | 14.16 | 26749 | 2.44% | 0.70% | 1.75% | 5.07% | 3.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2203 | 13.49 | 13.62 | 31255 | 2.22% | 0.70% | 1.75% | 17.60% | 16.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2318 | 11.47 | 11.70 | 28015 | 2.65% | 0.70% | 1.75% | (14.32)% | (15.22)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2598 | 13.39 | 13.80 | 36780 | 2.50% | 0.70% | 1.75% | 11.03% | 9.86% |
| Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class | Goldman Sachs VIT Large Cap Value Fund, Institutional Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 546 | 45.92 | 63.32 | 29539 | 1.06% | 0.60% | 1.80% | 10.22% | 8.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 620 | 41.66 | 58.15 | 30833 | 1.36% | 0.60% | 1.80% | 16.39% | 14.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 737 | 35.80 | 50.57 | 31558 | 1.74% | 0.60% | 1.80% | 12.34% | 10.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 825 | 31.87 | 45.57 | 31618 | 1.25% | 0.60% | 1.80% | (6.93)% | (8.05)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 932 | 34.24 | 49.55 | 38616 | 1.14% | 0.60% | 1.80% | 23.39% | 21.90% |
| Goldman Sachs VIT Large Cap Value Fund, Service Class | Goldman Sachs VIT Large Cap Value Fund, Service Class | Goldman Sachs VIT Large Cap Value Fund, Service Class | Goldman Sachs VIT Large Cap Value Fund, Service Class | Goldman Sachs VIT Large Cap Value Fund, Service Class | Goldman Sachs VIT Large Cap Value Fund, Service Class | Goldman Sachs VIT Large Cap Value Fund, Service Class | Goldman Sachs VIT Large Cap Value Fund, Service Class | Goldman Sachs VIT Large Cap Value Fund, Service Class | Goldman Sachs VIT Large Cap Value Fund, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2198 | 30.92 | 29.80 | 70681 | 0.85% | 0.70% | 1.75% | 9.83% | 8.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2540 | 28.16 | 27.43 | 74674 | 1.09% | 0.70% | 1.75% | 15.97% | 14.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3190 | 24.28 | 23.90 | 81167 | 1.46% | 0.70% | 1.75% | 11.92% | 10.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 3531 | 21.69 | 21.58 | 80364 | 1.00% | 0.70% | 1.75% | (7.22)% | (8.20)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4368 | 23.38 | 23.51 | 107945 | 0.88% | 0.70% | 1.75% | 23.06% | 21.76% |
| Goldman Sachs VIT Mid Cap Growth Fund, Service Class | Goldman Sachs VIT Mid Cap Growth Fund, Service Class | Goldman Sachs VIT Mid Cap Growth Fund, Service Class | Goldman Sachs VIT Mid Cap Growth Fund, Service Class | Goldman Sachs VIT Mid Cap Growth Fund, Service Class | Goldman Sachs VIT Mid Cap Growth Fund, Service Class | Goldman Sachs VIT Mid Cap Growth Fund, Service Class | Goldman Sachs VIT Mid Cap Growth Fund, Service Class | Goldman Sachs VIT Mid Cap Growth Fund, Service Class | Goldman Sachs VIT Mid Cap Growth Fund, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1135 | 15.77 | 36.52 | 42767 | 0.00% | 0.30% | 1.75% | 7.04% | 5.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1241 | 14.74 | 34.62 | 46783 | 0.00% | 0.30% | 1.75% | 19.92% | 18.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1394 | 12.29 | 29.30 | 46856 | 0.00% | 0.30% | 1.75% | 18.09% | 16.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1167 | 10.41 | 25.17 | 37928 | 0.00% | 0.30% | 1.75% | (26.52)% | (27.59)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1310 | 14.16 | 34.76 | 57806 | 0.00% | 0.30% | 1.75% | 11.14% | 9.53% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Goldman Sachs VIT Mid Cap Value Fund, Institutional Class | Goldman Sachs VIT Mid Cap Value Fund, Institutional Class | Goldman Sachs VIT Mid Cap Value Fund, Institutional Class | Goldman Sachs VIT Mid Cap Value Fund, Institutional Class | Goldman Sachs VIT Mid Cap Value Fund, Institutional Class | Goldman Sachs VIT Mid Cap Value Fund, Institutional Class | Goldman Sachs VIT Mid Cap Value Fund, Institutional Class | Goldman Sachs VIT Mid Cap Value Fund, Institutional Class | Goldman Sachs VIT Mid Cap Value Fund, Institutional Class | Goldman Sachs VIT Mid Cap Value Fund, Institutional Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 93 | $60.55 | $48.69 | $5389 | 1.14% | 0.60% | 1.80% | 8.74% | 7.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 106 | 55.68 | 45.32 | 5622 | 0.99% | 0.60% | 1.80% | 11.72% | 10.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 119 | 49.84 | 41.07 | 5688 | 1.01% | 0.60% | 1.80% | 10.75% | 9.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 129 | 45.00 | 37.53 | 5593 | 0.63% | 0.60% | 1.80% | (10.53)% | (11.60)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 148 | 50.29 | 42.46 | 7163 | 0.47% | 0.60% | 1.80% | 30.17% | 28.60% |
| Goldman Sachs VIT Mid Cap Value Fund, Service Class | Goldman Sachs VIT Mid Cap Value Fund, Service Class | Goldman Sachs VIT Mid Cap Value Fund, Service Class | Goldman Sachs VIT Mid Cap Value Fund, Service Class | Goldman Sachs VIT Mid Cap Value Fund, Service Class | Goldman Sachs VIT Mid Cap Value Fund, Service Class | Goldman Sachs VIT Mid Cap Value Fund, Service Class | Goldman Sachs VIT Mid Cap Value Fund, Service Class | Goldman Sachs VIT Mid Cap Value Fund, Service Class | Goldman Sachs VIT Mid Cap Value Fund, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2748 | 13.52 | 28.79 | 87896 | 1.00% | 0.65% | 1.75% | 8.42% | 7.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3112 | 12.47 | 26.85 | 94164 | 0.71% | 0.65% | 1.75% | 11.42% | 10.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3583 | 11.19 | 24.37 | 100099 | 0.64% | 0.65% | 1.75% | 8.60% | 9.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2681 | 28.56 | 22.32 | 68255 | 0.31% | 0.70% | 1.75% | (10.86)% | (11.80)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 5041 | 32.04 | 25.30 | 144009 | 0.20% | 0.70% | 1.75% | 29.66% | 28.29% |
| Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Institutional Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 196 | 52.19 | 90.96 | 17899 | 0.70% | 0.60% | 1.80% | 15.45% | 14.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 232 | 45.20 | 79.75 | 18432 | 0.96% | 0.60% | 1.80% | 18.33% | 16.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 266 | 38.20 | 68.22 | 17957 | 0.99% | 0.60% | 1.80% | 18.56% | 17.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 295 | 32.22 | 58.24 | 16934 | 0.28% | 0.60% | 1.80% | (19.86)% | (20.83)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 326 | 40.21 | 73.56 | 23603 | 0.47% | 0.60% | 1.80% | 23.05% | 21.57% |
| Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 215 | 14.36 | 50.11 | 9478 | 0.50% | 0.30% | 1.65% | 15.47% | 13.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 255 | 12.44 | 43.99 | 9614 | 0.72% | 0.30% | 1.65% | 13.31% | 16.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 314 | 34.00 | 37.65 | 10305 | 0.79% | 0.70% | 1.65% | 18.12% | 17.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 334 | 28.78 | 32.18 | 9515 | 0.08% | 0.70% | 1.65% | (20.20)% | (20.96)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 358 | 36.07 | 40.71 | 12807 | 0.23% | 0.70% | 1.65% | 22.63% | 21.46% |
| Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class | Goldman Sachs VIT Strategic Growth Fund, Institutional Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 298 | 93.21 | 137.65 | 33107 | 0.00% | 0.60% | 1.80% | 17.21% | 15.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 346 | 79.52 | 118.87 | 32932 | 0.00% | 0.60% | 1.80% | 31.57% | 29.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 415 | 60.44 | 91.45 | 29770 | 0.00% | 0.60% | 1.80% | 41.09% | 39.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 475 | 42.84 | 65.61 | 24289 | 0.00% | 0.60% | 1.80% | (32.92)% | (33.73)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 505 | 63.86 | 98.99 | 39127 | 0.00% | 0.60% | 1.80% | 21.20% | 19.73% |

---

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Goldman Sachs VIT Strategic Growth Fund, Service Class | Goldman Sachs VIT Strategic Growth Fund, Service Class | Goldman Sachs VIT Strategic Growth Fund, Service Class | Goldman Sachs VIT Strategic Growth Fund, Service Class | Goldman Sachs VIT Strategic Growth Fund, Service Class | Goldman Sachs VIT Strategic Growth Fund, Service Class | Goldman Sachs VIT Strategic Growth Fund, Service Class | Goldman Sachs VIT Strategic Growth Fund, Service Class | Goldman Sachs VIT Strategic Growth Fund, Service Class | Goldman Sachs VIT Strategic Growth Fund, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 4734 | $21.84 | $60.54 | $187016 | 0.00% | 0.30% | 1.75% | 17.23% | 15.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 4298 | 18.63 | 52.40 | 176199 | 0.00% | 0.30% | 1.75% | 31.69% | 29.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3827 | 14.15 | 40.38 | 153994 | 0.00% | 0.30% | 1.75% | 41.23% | 39.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2278 | 10.02 | 29.01 | 75642 | 0.00% | 0.30% | 1.75% | (32.88)% | (33.86)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4005 | 14.93 | 43.86 | 197980 | 0.00% | 0.30% | 1.75% | 21.19% | 19.43% |
| Goldman Sachs VIT Trend Driven Allocation Fund, Service Class | Goldman Sachs VIT Trend Driven Allocation Fund, Service Class | Goldman Sachs VIT Trend Driven Allocation Fund, Service Class | Goldman Sachs VIT Trend Driven Allocation Fund, Service Class | Goldman Sachs VIT Trend Driven Allocation Fund, Service Class | Goldman Sachs VIT Trend Driven Allocation Fund, Service Class | Goldman Sachs VIT Trend Driven Allocation Fund, Service Class | Goldman Sachs VIT Trend Driven Allocation Fund, Service Class | Goldman Sachs VIT Trend Driven Allocation Fund, Service Class | Goldman Sachs VIT Trend Driven Allocation Fund, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 429 | 15.66 | 15.08 | 6284 | 3.91% | 1.00% | 1.75% | 8.79% | 7.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 432 | 14.40 | 13.97 | 6015 | 3.01% | 1.00% | 1.75% | 10.64% | 9.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 506 | 13.01 | 12.72 | 6548 | 1.70% | 1.00% | 1.75% | 14.42% | 13.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 526 | 11.37 | 11.20 | 6039 | 0.00% | 1.00% | 1.75% | (19.97)% | (20.57)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 502 | 14.21 | 14.10 | 7291 | 0.00% | 1.00% | 1.75% | 15.01% | 14.14% |
| Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class | Goldman Sachs VIT U.S. Equity Insights Fund, Institutional Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 221 | 70.12 | 124.01 | 25857 | 0.69% | 0.60% | 1.80% | 15.05% | 13.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 256 | 60.95 | 109.10 | 26030 | 0.64% | 0.60% | 1.80% | 27.55% | 26.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 296 | 47.78 | 86.58 | 23607 | 0.67% | 0.60% | 1.80% | 23.07% | 21.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 340 | 38.83 | 71.21 | 22307 | 0.73% | 0.60% | 1.80% | (20.22)% | (21.18)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 389 | 48.67 | 90.34 | 32337 | 0.80% | 0.60% | 1.80% | 28.63% | 27.08% |
| Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class | Goldman Sachs VIT U.S. Equity Insights Fund, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 9 | 55.37 | 64.12 | 635 | 0.47% | 0.70% | 1.65% | 14.68% | 13.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 11 | 48.29 | 56.45 | 639 | 0.37% | 0.70% | 1.65% | 27.11% | 25.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 15 | 37.99 | 44.84 | 680 | 0.45% | 0.70% | 1.65% | 22.73% | 21.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 17 | 30.95 | 36.89 | 647 | 0.55% | 0.70% | 1.65% | (20.46)% | (21.22)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 18 | 38.92 | 46.83 | 872 | 0.57% | 0.70% | 1.65% | 28.21% | 26.99% |
| Guggenheim Floating Rate Strategies Series | Guggenheim Floating Rate Strategies Series | Guggenheim Floating Rate Strategies Series | Guggenheim Floating Rate Strategies Series | Guggenheim Floating Rate Strategies Series | Guggenheim Floating Rate Strategies Series | Guggenheim Floating Rate Strategies Series | Guggenheim Floating Rate Strategies Series | Guggenheim Floating Rate Strategies Series | Guggenheim Floating Rate Strategies Series |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 158 | 13.88 | 13.88 | 2191 | 9.20% | 1.00% | 1.00% | 2.54% | 2.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 219 | 13.54 | 13.54 | 2970 | 7.69% | 1.00% | 1.00% | 5.76% | 5.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 254 | 12.80 | 12.80 | 3246 | 3.49% | 1.00% | 1.00% | 10.02% | 10.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 300 | 11.64 | 11.64 | 3414 | 2.68% | 1.00% | 1.00% | (1.84)% | (1.84)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 309 | 11.86 | 11.86 | 3669 | 2.75% | 1.00% | 1.00% | 1.48% | 1.48% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Guggenheim Global Managed Futures Strategy Fund | Guggenheim Global Managed Futures Strategy Fund | Guggenheim Global Managed Futures Strategy Fund | Guggenheim Global Managed Futures Strategy Fund | Guggenheim Global Managed Futures Strategy Fund | Guggenheim Global Managed Futures Strategy Fund | Guggenheim Global Managed Futures Strategy Fund | Guggenheim Global Managed Futures Strategy Fund | Guggenheim Global Managed Futures Strategy Fund | Guggenheim Global Managed Futures Strategy Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 11 | $11.72 | $11.72 | $126 | 1.67% | 1.00% | 1.00% | 2.62% | 2.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 18 | 11.42 | 11.42 | 202 | 3.04% | 1.00% | 1.00% | (0.64)% | (0.64)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 37 | 11.50 | 11.50 | 431 | 3.46% | 1.00% | 1.00% | 2.77% | 2.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 51 | 11.19 | 11.19 | 566 | 3.75% | 1.00% | 1.00% | 10.18% | 10.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 37 | 10.15 | 10.15 | 378 | 0.00% | 1.00% | 1.00% | (0.07)% | (0.07)% |
| Guggenheim Long Short Equity Fund | Guggenheim Long Short Equity Fund | Guggenheim Long Short Equity Fund | Guggenheim Long Short Equity Fund | Guggenheim Long Short Equity Fund | Guggenheim Long Short Equity Fund | Guggenheim Long Short Equity Fund | Guggenheim Long Short Equity Fund | Guggenheim Long Short Equity Fund | Guggenheim Long Short Equity Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 0.13% | 1.00% | 1.00% | 7.45% | 7.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 13 | 13.27 | 13.27 | 166 | 0.17% | 1.00% | 1.00% | 11.63% | 11.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 11 | 11.88 | 11.88 | 130 | 0.41% | 1.00% | 1.00% | (15.24)% | (15.24)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 12 | 14.02 | 14.02 | 168 | 0.86% | 1.00% | 1.00% | 22.56% | 22.56% |
| Guggenheim Multi-Hedge Strategies Fund | Guggenheim Multi-Hedge Strategies Fund | Guggenheim Multi-Hedge Strategies Fund | Guggenheim Multi-Hedge Strategies Fund | Guggenheim Multi-Hedge Strategies Fund | Guggenheim Multi-Hedge Strategies Fund | Guggenheim Multi-Hedge Strategies Fund | Guggenheim Multi-Hedge Strategies Fund | Guggenheim Multi-Hedge Strategies Fund | Guggenheim Multi-Hedge Strategies Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 17 | 11.24 | 11.24 | 190 | 1.99% | 1.00% | 1.00% | 0.23% | 0.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 29 | 11.21 | 11.21 | 323 | 4.47% | 1.00% | 1.00% | (4.63)% | (4.63)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 44 | 11.76 | 11.76 | 517 | 2.83% | 1.00% | 1.00% | 3.33% | 3.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 54 | 11.38 | 11.38 | 619 | 1.28% | 1.00% | 1.00% | (4.36)% | (4.36)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 60 | 11.90 | 11.90 | 712 | 0.00% | 1.00% | 1.00% | 7.02% | 7.02% |
| Invesco V.I. American Franchise Fund, Series I | Invesco V.I. American Franchise Fund, Series I | Invesco V.I. American Franchise Fund, Series I | Invesco V.I. American Franchise Fund, Series I | Invesco V.I. American Franchise Fund, Series I | Invesco V.I. American Franchise Fund, Series I | Invesco V.I. American Franchise Fund, Series I | Invesco V.I. American Franchise Fund, Series I | Invesco V.I. American Franchise Fund, Series I | Invesco V.I. American Franchise Fund, Series I |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 217 | 34.81 | 27.25 | 6711 | 0.00% | 0.70% | 1.65% | 10.88% | 9.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 242 | 31.39 | 24.81 | 6772 | 0.00% | 0.70% | 1.65% | 33.94% | 32.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 280 | 23.44 | 18.70 | 5896 | 0.00% | 0.70% | 1.65% | 39.94% | 38.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 308 | 16.75 | 13.49 | 4652 | 0.00% | 0.70% | 1.65% | (31.59)% | (32.25)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 333 | 24.48 | 19.91 | 7392 | 0.00% | 0.70% | 1.65% | 11.14% | 10.08% |
| Invesco V.I. American Franchise Fund, Series II | Invesco V.I. American Franchise Fund, Series II | Invesco V.I. American Franchise Fund, Series II | Invesco V.I. American Franchise Fund, Series II | Invesco V.I. American Franchise Fund, Series II | Invesco V.I. American Franchise Fund, Series II | Invesco V.I. American Franchise Fund, Series II | Invesco V.I. American Franchise Fund, Series II | Invesco V.I. American Franchise Fund, Series II | Invesco V.I. American Franchise Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 67 | 81.99 | 63.92 | 2822 | 0.00% | 0.60% | 1.70% | 10.72% | 9.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 71 | 74.06 | 58.38 | 2796 | 0.00% | 0.60% | 1.70% | 33.75% | 32.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 88 | 55.37 | 44.14 | 2544 | 0.00% | 0.60% | 1.70% | 39.76% | 38.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 111 | 39.62 | 31.93 | 2275 | 0.00% | 0.60% | 1.70% | (31.71)% | (32.46)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 115 | 58.01 | 47.28 | 3506 | 0.00% | 0.60% | 1.70% | 10.98% | 9.75% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Invesco V.I. American Value Fund, Series II | Invesco V.I. American Value Fund, Series II | Invesco V.I. American Value Fund, Series II | Invesco V.I. American Value Fund, Series II | Invesco V.I. American Value Fund, Series II | Invesco V.I. American Value Fund, Series II | Invesco V.I. American Value Fund, Series II | Invesco V.I. American Value Fund, Series II | Invesco V.I. American Value Fund, Series II | Invesco V.I. American Value Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1738 | $56.49 | $36.13 | $66562 | 0.22% | 0.60% | 1.75% | 20.03% | 18.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2175 | 47.06 | 30.45 | 70443 | 0.75% | 0.60% | 1.75% | 29.31% | 27.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2855 | 36.39 | 23.82 | 72564 | 0.36% | 0.60% | 1.75% | 14.60% | 13.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 3374 | 31.76 | 21.03 | 75694 | 0.32% | 0.60% | 1.75% | (3.44)% | (4.56)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4000 | 32.89 | 22.03 | 93953 | 0.24% | 0.60% | 1.75% | 26.86% | 25.40% |
| Invesco V.I. Balanced-Risk Allocation Fund, Series II | Invesco V.I. Balanced-Risk Allocation Fund, Series II | Invesco V.I. Balanced-Risk Allocation Fund, Series II | Invesco V.I. Balanced-Risk Allocation Fund, Series II | Invesco V.I. Balanced-Risk Allocation Fund, Series II | Invesco V.I. Balanced-Risk Allocation Fund, Series II | Invesco V.I. Balanced-Risk Allocation Fund, Series II | Invesco V.I. Balanced-Risk Allocation Fund, Series II | Invesco V.I. Balanced-Risk Allocation Fund, Series II | Invesco V.I. Balanced-Risk Allocation Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2494 | 20.56 | 14.75 | 42127 | 6.58% | 0.60% | 1.75% | 8.04% | 6.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2884 | 19.03 | 13.81 | 45406 | 5.65% | 0.60% | 1.75% | 2.94% | 1.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3277 | 18.49 | 13.58 | 50444 | 0.00% | 0.60% | 1.75% | 5.76% | 4.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 3795 | 17.48 | 12.99 | 55653 | 7.06% | 0.60% | 1.75% | (15.03)% | (16.01)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4135 | 20.57 | 15.46 | 71963 | 3.01% | 0.60% | 1.75% | 8.61% | 7.35% |
| Invesco V.I. Comstock Fund, Series I | Invesco V.I. Comstock Fund, Series I | Invesco V.I. Comstock Fund, Series I | Invesco V.I. Comstock Fund, Series I | Invesco V.I. Comstock Fund, Series I | Invesco V.I. Comstock Fund, Series I | Invesco V.I. Comstock Fund, Series I | Invesco V.I. Comstock Fund, Series I | Invesco V.I. Comstock Fund, Series I | Invesco V.I. Comstock Fund, Series I |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 314 | 77.06 | 58.00 | 21235 | 1.66% | 0.70% | 1.80% | 16.62% | 15.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 360 | 66.08 | 50.29 | 20992 | 1.69% | 0.70% | 1.80% | 14.37% | 13.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 429 | 57.78 | 44.47 | 21929 | 1.78% | 0.70% | 1.80% | 11.58% | 10.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 488 | 51.78 | 40.30 | 22482 | 1.56% | 0.70% | 1.80% | 0.42% | (0.69)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 552 | 51.57 | 40.58 | 25467 | 1.89% | 0.70% | 1.80% | 32.43% | 30.97% |
| Invesco V.I. Comstock Fund, Series II | Invesco V.I. Comstock Fund, Series II | Invesco V.I. Comstock Fund, Series II | Invesco V.I. Comstock Fund, Series II | Invesco V.I. Comstock Fund, Series II | Invesco V.I. Comstock Fund, Series II | Invesco V.I. Comstock Fund, Series II | Invesco V.I. Comstock Fund, Series II | Invesco V.I. Comstock Fund, Series II | Invesco V.I. Comstock Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2786 | 24.95 | 54.79 | 137832 | 1.44% | 0.30% | 1.80% | 16.79% | 15.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3107 | 21.36 | 47.63 | 136877 | 1.48% | 0.30% | 1.80% | 14.52% | 12.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3518 | 18.65 | 42.22 | 140490 | 1.45% | 0.30% | 1.80% | 11.76% | 10.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 3849 | 16.69 | 38.36 | 142635 | 1.06% | 0.30% | 1.80% | 0.54% | (0.96)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4665 | 37.71 | 38.73 | 174716 | 1.60% | 0.60% | 1.80% | 32.25% | 30.65% |
| Invesco V.I. Conservative Balanced Fund, Series II | Invesco V.I. Conservative Balanced Fund, Series II | Invesco V.I. Conservative Balanced Fund, Series II | Invesco V.I. Conservative Balanced Fund, Series II | Invesco V.I. Conservative Balanced Fund, Series II | Invesco V.I. Conservative Balanced Fund, Series II | Invesco V.I. Conservative Balanced Fund, Series II | Invesco V.I. Conservative Balanced Fund, Series II | Invesco V.I. Conservative Balanced Fund, Series II | Invesco V.I. Conservative Balanced Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 2.69% | 0.30% | 1.30% | 2.38% | 2.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3672 | 10.08 | 9.80 | 36240 | 2.30% | 0.30% | 1.30% | 11.97% | 10.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1436 | 9.01 | 8.84 | 11948 | 1.74% | 0.30% | 1.30% | (17.27)% | (18.10)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 107 | 10.89 | 10.80 | 1125 | 0.67% | 0.30% | 1.30% | 4.76% | 3.89% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Invesco V.I. Discovery Large Cap Fund, Series I | Invesco V.I. Discovery Large Cap Fund, Series I | Invesco V.I. Discovery Large Cap Fund, Series I | Invesco V.I. Discovery Large Cap Fund, Series I | Invesco V.I. Discovery Large Cap Fund, Series I | Invesco V.I. Discovery Large Cap Fund, Series I | Invesco V.I. Discovery Large Cap Fund, Series I | Invesco V.I. Discovery Large Cap Fund, Series I | Invesco V.I. Discovery Large Cap Fund, Series I | Invesco V.I. Discovery Large Cap Fund, Series I |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 103 | $69.74 | $78.89 | $8598 | 0.00% | 0.70% | 1.80% | 12.01% | 10.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 114 | 62.26 | 71.22 | 8546 | 0.00% | 0.70% | 1.80% | 33.22% | 31.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 134 | 46.74 | 54.06 | 7566 | 0.00% | 0.70% | 1.80% | 34.43% | 32.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 151 | 34.76 | 40.66 | 6361 | 0.00% | 0.70% | 1.80% | (31.27)% | (32.03)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 169 | 50.58 | 59.82 | 10454 | 0.00% | 0.70% | 1.80% | 21.71% | 20.37% |
| Invesco V.I. Discovery Large Cap Fund, Series II | Invesco V.I. Discovery Large Cap Fund, Series II | Invesco V.I. Discovery Large Cap Fund, Series II | Invesco V.I. Discovery Large Cap Fund, Series II | Invesco V.I. Discovery Large Cap Fund, Series II | Invesco V.I. Discovery Large Cap Fund, Series II | Invesco V.I. Discovery Large Cap Fund, Series II | Invesco V.I. Discovery Large Cap Fund, Series II | Invesco V.I. Discovery Large Cap Fund, Series II | Invesco V.I. Discovery Large Cap Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 802 | 66.72 | 74.59 | 47443 | 0.00% | 0.60% | 1.80% | 11.86% | 10.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 994 | 59.64 | 67.50 | 52824 | 0.00% | 0.60% | 1.80% | 33.02% | 31.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1324 | 44.84 | 51.36 | 53150 | 0.00% | 0.60% | 1.80% | 34.22% | 32.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 734 | 33.41 | 38.73 | 23130 | 0.00% | 0.60% | 1.80% | (31.38)% | (32.20)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1628 | 48.68 | 57.13 | 71762 | 0.00% | 0.60% | 1.80% | 21.55% | 20.08% |
| Invesco V.I. Discovery Mid Cap Growth Fund, Series I | Invesco V.I. Discovery Mid Cap Growth Fund, Series I | Invesco V.I. Discovery Mid Cap Growth Fund, Series I | Invesco V.I. Discovery Mid Cap Growth Fund, Series I | Invesco V.I. Discovery Mid Cap Growth Fund, Series I | Invesco V.I. Discovery Mid Cap Growth Fund, Series I | Invesco V.I. Discovery Mid Cap Growth Fund, Series I | Invesco V.I. Discovery Mid Cap Growth Fund, Series I | Invesco V.I. Discovery Mid Cap Growth Fund, Series I | Invesco V.I. Discovery Mid Cap Growth Fund, Series I |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 57 | 45.31 | 53.33 | 3088 | 0.00% | 0.70% | 1.65% | 4.06% | 3.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 64 | 43.54 | 49.68 | 3372 | 0.00% | 0.70% | 1.80% | 23.36% | 21.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 75 | 35.30 | 40.76 | 3226 | 0.00% | 0.70% | 1.80% | 12.36% | 11.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 80 | 31.42 | 36.68 | 3094 | 0.00% | 0.70% | 1.80% | (31.46)% | (32.22)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 84 | 45.84 | 54.12 | 4884 | 0.00% | 0.70% | 1.80% | 18.27% | 16.96% |
| Invesco V.I. Discovery Mid Cap Growth Fund, Series II | Invesco V.I. Discovery Mid Cap Growth Fund, Series II | Invesco V.I. Discovery Mid Cap Growth Fund, Series II | Invesco V.I. Discovery Mid Cap Growth Fund, Series II | Invesco V.I. Discovery Mid Cap Growth Fund, Series II | Invesco V.I. Discovery Mid Cap Growth Fund, Series II | Invesco V.I. Discovery Mid Cap Growth Fund, Series II | Invesco V.I. Discovery Mid Cap Growth Fund, Series II | Invesco V.I. Discovery Mid Cap Growth Fund, Series II | Invesco V.I. Discovery Mid Cap Growth Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 836 | 53.66 | 16.22 | 26843 | 0.00% | 0.60% | 1.75% | 3.91% | 2.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 964 | 51.65 | 15.79 | 29746 | 0.00% | 0.60% | 1.75% | 23.17% | 21.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1126 | 41.93 | 12.97 | 29371 | 0.00% | 0.60% | 1.75% | 12.18% | 10.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 834 | 37.38 | 11.70 | 22744 | 0.00% | 0.60% | 1.75% | (31.54)% | (32.33)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1138 | 54.60 | 17.29 | 40110 | 0.00% | 0.60% | 1.75% | 18.08% | 16.72% |
| Invesco V.I. Equity and Income Fund, Series II | Invesco V.I. Equity and Income Fund, Series II | Invesco V.I. Equity and Income Fund, Series II | Invesco V.I. Equity and Income Fund, Series II | Invesco V.I. Equity and Income Fund, Series II | Invesco V.I. Equity and Income Fund, Series II | Invesco V.I. Equity and Income Fund, Series II | Invesco V.I. Equity and Income Fund, Series II | Invesco V.I. Equity and Income Fund, Series II | Invesco V.I. Equity and Income Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 13566 | 18.03 | 37.64 | 283299 | 1.95% | 0.30% | 1.80% | 12.18% | 10.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 12398 | 16.07 | 34.07 | 257113 | 1.72% | 0.30% | 1.80% | 6.97% | 9.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 7458 | 35.21 | 31.00 | 190597 | 1.35% | 0.60% | 1.80% | 9.58% | 8.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 4817 | 32.13 | 28.64 | 130536 | 1.02% | 0.60% | 1.80% | (8.27)% | (9.37)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 8550 | 35.02 | 31.60 | 239777 | 1.64% | 0.60% | 1.80% | 17.64% | 16.22% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II | Invesco V.I. EQV International Equity Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2263 | $19.16 | $16.91 | $41962 | 1.28% | 0.60% | 1.75% | 15.53% | 8.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1762 | 16.59 | 15.10 | 28192 | 1.54% | 0.60% | 1.75% | (0.26)% | 0.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3176 | 16.63 | 15.02 | 51552 | 0.00% | 0.60% | 1.75% | 17.16% | 15.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1975 | 14.19 | 12.53 | 27253 | 1.10% | 0.60% | 1.65% | (18.99)% | (19.85)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2480 | 17.52 | 16.20 | 42582 | 0.92% | 0.60% | 1.75% | 4.97% | 3.76% |
| Invesco V.I. Global Fund, Series I | Invesco V.I. Global Fund, Series I | Invesco V.I. Global Fund, Series I | Invesco V.I. Global Fund, Series I | Invesco V.I. Global Fund, Series I | Invesco V.I. Global Fund, Series I | Invesco V.I. Global Fund, Series I | Invesco V.I. Global Fund, Series I | Invesco V.I. Global Fund, Series I | Invesco V.I. Global Fund, Series I |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 80 | 82.37 | 79.92 | 6757 | 0.00% | 0.70% | 1.80% | 14.52% | 13.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 87 | 71.93 | 70.57 | 6455 | 0.00% | 0.70% | 1.80% | 15.25% | 13.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 114 | 62.41 | 61.92 | 7370 | 0.22% | 0.70% | 1.80% | 33.80% | 32.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 130 | 46.64 | 46.79 | 6366 | 0.00% | 0.70% | 1.80% | (32.24)% | (32.99)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 140 | 68.84 | 69.83 | 10150 | 0.00% | 0.70% | 1.80% | 14.68% | 13.41% |
| Invesco V.I. Global Fund, Series II | Invesco V.I. Global Fund, Series II | Invesco V.I. Global Fund, Series II | Invesco V.I. Global Fund, Series II | Invesco V.I. Global Fund, Series II | Invesco V.I. Global Fund, Series II | Invesco V.I. Global Fund, Series II | Invesco V.I. Global Fund, Series II | Invesco V.I. Global Fund, Series II | Invesco V.I. Global Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3788 | 58.49 | 75.63 | 204721 | 0.00% | 0.60% | 1.80% | 14.32% | 12.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 4632 | 51.16 | 66.96 | 219185 | 0.00% | 0.60% | 1.80% | 15.09% | 13.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 5804 | 44.45 | 58.90 | 240763 | 0.00% | 0.60% | 1.80% | 33.64% | 32.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 4390 | 33.26 | 44.61 | 161988 | 0.00% | 0.60% | 1.80% | (32.34)% | (33.16)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 6841 | 49.17 | 66.74 | 315560 | 0.00% | 0.60% | 1.80% | 14.48% | 13.10% |
| Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 587 | 10.30 | 12.74 | 7574 | 2.44% | 0.65% | 1.75% | 6.91% | 5.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 435 | 9.64 | 12.05 | 5265 | 2.43% | 0.65% | 1.75% | (2.75)% | (3.83)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 747 | 9.91 | 12.53 | 9429 | 0.91% | 0.65% | 1.75% | 6.93% | 6.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 238 | 8.16 | 11.72 | 2650 | 0.85% | 0.75% | 1.75% | (25.70)% | (26.45)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 954 | 10.99 | 15.93 | 15180 | 2.68% | 0.75% | 1.75% | 24.50% | 23.25% |
| Invesco V.I. Global Strategic Income Fund, Series I | Invesco V.I. Global Strategic Income Fund, Series I | Invesco V.I. Global Strategic Income Fund, Series I | Invesco V.I. Global Strategic Income Fund, Series I | Invesco V.I. Global Strategic Income Fund, Series I | Invesco V.I. Global Strategic Income Fund, Series I | Invesco V.I. Global Strategic Income Fund, Series I | Invesco V.I. Global Strategic Income Fund, Series I | Invesco V.I. Global Strategic Income Fund, Series I | Invesco V.I. Global Strategic Income Fund, Series I |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 177 | 27.96 | 21.61 | 4255 | 5.67% | 0.70% | 1.80% | 12.19% | 10.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 202 | 24.93 | 19.48 | 4372 | 2.91% | 0.70% | 1.80% | 2.44% | 1.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 242 | 24.33 | 19.23 | 5147 | 0.00% | 0.70% | 1.80% | 8.12% | 6.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 250 | 22.50 | 17.98 | 4963 | 0.00% | 0.70% | 1.80% | (12.08)% | (13.05)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 285 | 25.60 | 20.68 | 6476 | 4.47% | 0.70% | 1.80% | (4.09)% | (5.15)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Invesco V.I. Global Strategic Income Fund, Series II | Invesco V.I. Global Strategic Income Fund, Series II | Invesco V.I. Global Strategic Income Fund, Series II | Invesco V.I. Global Strategic Income Fund, Series II | Invesco V.I. Global Strategic Income Fund, Series II | Invesco V.I. Global Strategic Income Fund, Series II | Invesco V.I. Global Strategic Income Fund, Series II | Invesco V.I. Global Strategic Income Fund, Series II | Invesco V.I. Global Strategic Income Fund, Series II | Invesco V.I. Global Strategic Income Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 10625 | $20.03 | $10.95 | $184313 | 5.19% | 0.60% | 1.75% | 12.08% | 10.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 12576 | 17.87 | 9.89 | 194426 | 2.66% | 0.60% | 1.75% | 2.17% | 0.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 13732 | 17.49 | 9.79 | 208302 | 0.00% | 0.60% | 1.75% | 7.95% | 6.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 15879 | 16.20 | 17.11 | 223228 | 0.00% | 0.60% | 1.80% | (12.24)% | (13.30)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 17363 | 18.47 | 19.74 | 280436 | 4.32% | 0.60% | 1.80% | (4.14)% | (5.30)% |
| Invesco V.I. Government Securities Fund, Series II | Invesco V.I. Government Securities Fund, Series II | Invesco V.I. Government Securities Fund, Series II | Invesco V.I. Government Securities Fund, Series II | Invesco V.I. Government Securities Fund, Series II | Invesco V.I. Government Securities Fund, Series II | Invesco V.I. Government Securities Fund, Series II | Invesco V.I. Government Securities Fund, Series II | Invesco V.I. Government Securities Fund, Series II | Invesco V.I. Government Securities Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 10153 | 9.82 | 9.60 | 108054 | 2.80% | 0.30% | 1.75% | 6.63% | 5.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 11269 | 9.21 | 9.13 | 113158 | 2.29% | 0.30% | 1.75% | 1.17% | (0.31)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 11767 | 9.11 | 9.16 | 117590 | 1.78% | 0.30% | 1.75% | 4.15% | 2.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 12704 | 8.74 | 8.93 | 122686 | 1.65% | 0.30% | 1.75% | (10.84)% | (12.14)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 13796 | 9.81 | 10.16 | 150617 | 2.34% | 0.30% | 1.75% | (2.73)% | (4.14)% |
| Invesco V.I. Growth and Income Fund, Series I | Invesco V.I. Growth and Income Fund, Series I | Invesco V.I. Growth and Income Fund, Series I | Invesco V.I. Growth and Income Fund, Series I | Invesco V.I. Growth and Income Fund, Series I | Invesco V.I. Growth and Income Fund, Series I | Invesco V.I. Growth and Income Fund, Series I | Invesco V.I. Growth and Income Fund, Series I | Invesco V.I. Growth and Income Fund, Series I | Invesco V.I. Growth and Income Fund, Series I |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 458 | 61.68 | 46.42 | 24479 | 1.44% | 0.70% | 1.80% | 14.81% | 13.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 513 | 53.72 | 40.89 | 24055 | 1.41% | 0.70% | 1.80% | 15.18% | 13.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 592 | 46.64 | 35.90 | 24247 | 1.58% | 0.70% | 1.80% | 11.88% | 10.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 668 | 41.69 | 32.44 | 24605 | 1.58% | 0.70% | 1.80% | (6.41)% | (7.44)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 736 | 44.54 | 35.05 | 29154 | 1.60% | 0.70% | 1.80% | 27.61% | 26.20% |
| Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II | Invesco V.I. Growth and Income Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 9069 | 53.42 | 43.84 | 390266 | 1.21% | 0.60% | 1.80% | 14.60% | 13.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 10945 | 46.61 | 38.72 | 413050 | 1.18% | 0.60% | 1.80% | 15.02% | 13.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 13324 | 40.52 | 34.07 | 440773 | 0.98% | 0.60% | 1.80% | 11.73% | 10.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 10665 | 36.27 | 30.87 | 330787 | 0.73% | 0.60% | 1.80% | (6.56)% | (7.69)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 18938 | 38.82 | 33.44 | 604214 | 1.32% | 0.60% | 1.80% | 27.42% | 25.89% |
| Invesco V.I. Main Street Fund, Series I | Invesco V.I. Main Street Fund, Series I | Invesco V.I. Main Street Fund, Series I | Invesco V.I. Main Street Fund, Series I | Invesco V.I. Main Street Fund, Series I | Invesco V.I. Main Street Fund, Series I | Invesco V.I. Main Street Fund, Series I | Invesco V.I. Main Street Fund, Series I | Invesco V.I. Main Street Fund, Series I | Invesco V.I. Main Street Fund, Series I |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 103 | 55.81 | 56.44 | 6190 | 0.52% | 0.70% | 1.80% | 15.12% | 13.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 121 | 48.48 | 49.57 | 6405 | 0.00% | 0.70% | 1.80% | 22.78% | 21.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 156 | 39.49 | 40.83 | 6695 | 0.82% | 0.70% | 1.80% | 22.36% | 21.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 180 | 32.27 | 33.74 | 6390 | 1.34% | 0.70% | 1.80% | (20.69)% | (21.57)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 203 | 40.69 | 43.02 | 9111 | 0.70% | 0.70% | 1.80% | 26.68% | 25.28% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Invesco V.I. Main Street Fund, Series II | Invesco V.I. Main Street Fund, Series II | Invesco V.I. Main Street Fund, Series II | Invesco V.I. Main Street Fund, Series II | Invesco V.I. Main Street Fund, Series II | Invesco V.I. Main Street Fund, Series II | Invesco V.I. Main Street Fund, Series II | Invesco V.I. Main Street Fund, Series II | Invesco V.I. Main Street Fund, Series II | Invesco V.I. Main Street Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2422 | $20.55 | $42.12 | $91291 | 0.31% | 0.30% | 1.75% | 15.29% | 13.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2863 | 17.83 | 37.07 | 95963 | 0.00% | 0.30% | 1.75% | 23.02% | 21.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3521 | 14.49 | 30.58 | 98009 | 0.48% | 0.30% | 1.75% | 22.46% | 20.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 3658 | 11.83 | 25.34 | 82440 | 0.95% | 0.30% | 1.75% | (20.55)% | (21.70)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4303 | 14.89 | 32.36 | 128947 | 0.53% | 0.30% | 1.75% | 26.85% | 25.01% |
| Invesco V.I. Main Street Mid Cap Fund, Series II | Invesco V.I. Main Street Mid Cap Fund, Series II | Invesco V.I. Main Street Mid Cap Fund, Series II | Invesco V.I. Main Street Mid Cap Fund, Series II | Invesco V.I. Main Street Mid Cap Fund, Series II | Invesco V.I. Main Street Mid Cap Fund, Series II | Invesco V.I. Main Street Mid Cap Fund, Series II | Invesco V.I. Main Street Mid Cap Fund, Series II | Invesco V.I. Main Street Mid Cap Fund, Series II | Invesco V.I. Main Street Mid Cap Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 257 | 13.84 | 13.43 | 3545 | 0.13% | 0.65% | 1.20% | 8.26% | 7.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 108 | 12.78 | 12.47 | 1373 | 0.19% | 0.65% | 1.20% | 16.03% | 15.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 8 | 11.02 | 10.81 | 89 | 0.36% | 0.65% | 1.20% | 6.41% | 14.02% |
| Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2792 | 13.40 | 12.15 | 35890 | 0.28% | 0.30% | 1.20% | 8.11% | 7.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1535 | 12.40 | 11.34 | 18334 | 0.00% | 0.30% | 1.20% | 12.07% | 11.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 584 | 11.06 | 10.21 | 6210 | 1.60% | 0.30% | 1.20% | 17.47% | 16.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 77 | 9.42 | 8.77 | 667 | 0.42% | 0.30% | 1.20% | (16.29)% | (4.97)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 9 | 10.16 | 11.19 | 96 | 0.04% | 0.75% | 1.00% | (6.20)% | 3.23% |
| Invesco V.I. Nasdaq 100 Buffer Fund, December Series II | Invesco V.I. Nasdaq 100 Buffer Fund, December Series II | Invesco V.I. Nasdaq 100 Buffer Fund, December Series II | Invesco V.I. Nasdaq 100 Buffer Fund, December Series II | Invesco V.I. Nasdaq 100 Buffer Fund, December Series II | Invesco V.I. Nasdaq 100 Buffer Fund, December Series II | Invesco V.I. Nasdaq 100 Buffer Fund, December Series II | Invesco V.I. Nasdaq 100 Buffer Fund, December Series II | Invesco V.I. Nasdaq 100 Buffer Fund, December Series II | Invesco V.I. Nasdaq 100 Buffer Fund, December Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 12.38 | 12.38 |  | 0.00% | 0.30% | 0.30% | 0.47% | 0.47% |
| Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II | Invesco V.I. Small Cap Equity Fund, Series II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 725 | 13.31 | 25.45 | 16665 | 0.00% | 0.65% | 1.75% | 7.13% | 5.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 757 | 12.42 | 24.02 | 17087 | 0.00% | 0.65% | 1.75% | 17.08% | 15.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 826 | 10.61 | 20.75 | 16532 | 0.00% | 0.65% | 1.75% | 7.18% | 14.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 644 | 12.66 | 18.36 | 11147 | 0.00% | 0.75% | 1.65% | (21.32)% | (22.04)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 813 | 16.09 | 23.32 | 18390 | 0.00% | 0.75% | 1.75% | 19.19% | 18.00% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Invesco V.I. U.S. Government Money Portfolio, Series I | Invesco V.I. U.S. Government Money Portfolio, Series I | Invesco V.I. U.S. Government Money Portfolio, Series I | Invesco V.I. U.S. Government Money Portfolio, Series I | Invesco V.I. U.S. Government Money Portfolio, Series I | Invesco V.I. U.S. Government Money Portfolio, Series I | Invesco V.I. U.S. Government Money Portfolio, Series I | Invesco V.I. U.S. Government Money Portfolio, Series I | Invesco V.I. U.S. Government Money Portfolio, Series I | Invesco V.I. U.S. Government Money Portfolio, Series I |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 53113 | $11.29 | $1.20 | $206817 | 3.68% | 0.30% | 1.80% | 3.33% | 1.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 66200 | 10.93 | 1.18 | 271634 | 4.54% | 0.30% | 1.80% | 4.32% | 2.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 66368 | 10.48 | 1.14 | 258897 | 4.37% | 0.30% | 1.80% | 4.22% | 2.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 286778 | 10.05 | 1.11 | 1752409 | 2.38% | 0.30% | 1.80% | 0.96% | (0.55)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 99001 | 10.96 | 1.12 | 421721 | 0.01% | 0.60% | 1.80% | (0.59)% | (1.79)% |
| Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2911 | 13.43 | 13.02 | 38405 | 1.91% | 0.30% | 1.20% | 12.51% | 13.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1568 | 12.42 | 11.48 | 18184 | 2.20% | 0.65% | 1.20% | 14.40% | 13.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 538 | 10.86 | 10.09 | 5455 | 2.31% | 0.65% | 1.20% | 4.35% | 13.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 86 | 8.87 | 8.87 | 765 | 0.80% | 1.20% | 1.20% | (5.03)% | (5.03)% |
| Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares | Janus Henderson VIT Enterprise Portfolio, Service Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 93 | 13.31 | 13.06 | 1227 | 0.04% | 0.65% | 1.20% | 6.72% | 6.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 43 | 12.47 | 12.30 | 528 | 0.73% | 0.65% | 1.20% | 17.40% | 6.95% |
| Janus Henderson VIT Forty Portfolio, Service Shares | Janus Henderson VIT Forty Portfolio, Service Shares | Janus Henderson VIT Forty Portfolio, Service Shares | Janus Henderson VIT Forty Portfolio, Service Shares | Janus Henderson VIT Forty Portfolio, Service Shares | Janus Henderson VIT Forty Portfolio, Service Shares | Janus Henderson VIT Forty Portfolio, Service Shares | Janus Henderson VIT Forty Portfolio, Service Shares | Janus Henderson VIT Forty Portfolio, Service Shares | Janus Henderson VIT Forty Portfolio, Service Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 726 | 15.92 | 15.45 | 11273 | 0.00% | 0.30% | 1.20% | 14.11% | 16.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 399 | 14.38 | 13.27 | 5307 | 0.01% | 0.65% | 1.20% | 26.96% | 26.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 136 | 10.48 | 10.48 | 1426 | 0.25% | 1.20% | 1.20% | 37.98% | 37.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 8 | 7.60 | 7.60 | 63 | 0.12% | 1.20% | 1.20% | (9.44)% | (9.44)% |
| Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares | Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares | Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares | Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares | Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares | Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares | Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares | Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares | Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares | Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2 | 13.00 | 13.00 | 31 | 5.49% | 1.20% | 1.20% | 15.86% | 15.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1 | 11.22 | 11.22 | 10 | 0.24% | 1.20% | 1.20% | 9.67% | 9.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1 | 10.23 | 10.23 | 11 | 3.02% | 1.20% | 1.20% | 7.79% | 7.79% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 594 | $19.02 | $18.22 | $10828 | 0.00% | 0.65% | 1.20% | 24.03% | 23.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 336 | 15.33 | 14.77 | 4969 | 0.00% | 0.65% | 1.20% | 4.34% | 30.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 103 | 11.34 | 11.34 | 1174 | 0.00% | 1.20% | 1.20% | 52.43% | 52.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 5 | 7.44 | 7.44 | 35 | 0.00% | 1.20% | 1.20% | (11.78)% | (11.78)% |
| Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares | Janus Henderson VIT Overseas Portfolio, Service Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 412 | 14.32 | 13.70 | 5651 | 1.43% | 0.65% | 1.20% | 27.74% | 27.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 209 | 11.21 | 10.78 | 2250 | 1.70% | 0.65% | 1.20% | 0.01% | 4.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 73 | 10.34 | 10.34 | 752 | 1.76% | 1.20% | 1.20% | 9.26% | 9.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 4 | 9.46 | 9.46 | 36 | 1.73% | 1.20% | 1.20% | 5.91% | 5.91% |
| Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | Lord Abbett Series Fund Bond Debenture Portfolio, Class VC |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 28503 | 11.96 | 26.14 | 505222 | 5.95% | 0.30% | 1.80% | 8.00% | 6.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 28869 | 11.07 | 24.57 | 494004 | 5.65% | 0.30% | 1.80% | 6.40% | 4.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 28383 | 10.41 | 23.45 | 477167 | 5.09% | 0.30% | 1.80% | 6.23% | 4.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 29193 | 9.79 | 22.41 | 478616 | 4.22% | 0.30% | 1.80% | (13.06)% | (14.37)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 29804 | 11.27 | 26.17 | 583809 | 3.10% | 0.30% | 1.80% | 2.97% | 1.42% |
| Lord Abbett Series Fund Dividend Growth Portfolio, Class VC | Lord Abbett Series Fund Dividend Growth Portfolio, Class VC | Lord Abbett Series Fund Dividend Growth Portfolio, Class VC | Lord Abbett Series Fund Dividend Growth Portfolio, Class VC | Lord Abbett Series Fund Dividend Growth Portfolio, Class VC | Lord Abbett Series Fund Dividend Growth Portfolio, Class VC | Lord Abbett Series Fund Dividend Growth Portfolio, Class VC | Lord Abbett Series Fund Dividend Growth Portfolio, Class VC | Lord Abbett Series Fund Dividend Growth Portfolio, Class VC | Lord Abbett Series Fund Dividend Growth Portfolio, Class VC |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2501 | 20.95 | 64.20 | 99751 | 0.58% | 0.30% | 1.80% | 15.63% | 13.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2815 | 18.12 | 56.37 | 101160 | 0.53% | 0.30% | 1.80% | 21.77% | 19.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3315 | 14.88 | 47.00 | 102640 | 0.81% | 0.30% | 1.80% | 15.98% | 14.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 3382 | 12.83 | 41.14 | 92723 | 0.74% | 0.30% | 1.80% | (13.81)% | (15.10)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4058 | 14.88 | 48.46 | 135244 | 0.71% | 0.30% | 1.80% | 25.24% | 24.47% |
| Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3453 | 20.46 | 28.24 | 121088 | 0.44% | 0.30% | 1.75% | 9.94% | 12.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 4203 | 37.55 | 25.15 | 130240 | 0.67% | 0.60% | 1.75% | 15.95% | 14.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 5266 | 32.38 | 21.94 | 141489 | 0.62% | 0.60% | 1.75% | 13.95% | 12.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 3425 | 28.42 | 19.48 | 83754 | 0.72% | 0.60% | 1.75% | (12.51)% | (13.52)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 7318 | 32.48 | 22.53 | 198617 | 0.79% | 0.60% | 1.75% | 26.55% | 25.09% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Lord Abbett Series Fund Growth and Income Portfolio, Class VC | Lord Abbett Series Fund Growth and Income Portfolio, Class VC | Lord Abbett Series Fund Growth and Income Portfolio, Class VC | Lord Abbett Series Fund Growth and Income Portfolio, Class VC | Lord Abbett Series Fund Growth and Income Portfolio, Class VC | Lord Abbett Series Fund Growth and Income Portfolio, Class VC | Lord Abbett Series Fund Growth and Income Portfolio, Class VC | Lord Abbett Series Fund Growth and Income Portfolio, Class VC | Lord Abbett Series Fund Growth and Income Portfolio, Class VC | Lord Abbett Series Fund Growth and Income Portfolio, Class VC |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1202 | $47.68 | $37.51 | $54395 | 0.55% | 0.60% | 1.80% | 16.58% | 15.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1431 | 40.89 | 32.57 | 55816 | 0.81% | 0.60% | 1.80% | 19.88% | 18.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1711 | 34.11 | 27.50 | 56006 | 0.92% | 0.60% | 1.80% | 12.51% | 11.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1927 | 30.32 | 24.74 | 56411 | 1.19% | 0.60% | 1.80% | (9.98)% | (11.06)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2210 | 33.68 | 27.82 | 72039 | 1.02% | 0.60% | 1.80% | 28.25% | 26.70% |
| Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC | Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC | Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC | Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC | Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC | Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC | Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC | Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC | Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC | Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1259 | 14.72 | 30.93 | 51048 | 0.00% | 0.30% | 1.75% | 12.60% | 10.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1618 | 13.07 | 27.88 | 59751 | 0.00% | 0.30% | 1.75% | 30.21% | 28.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1876 | 10.04 | 21.73 | 54662 | 0.00% | 0.30% | 1.75% | 10.34% | 8.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 864 | 9.10 | 19.98 | 24782 | 0.00% | 0.30% | 1.75% | (32.73)% | (33.71)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1179 | 13.53 | 30.14 | 50134 | 0.00% | 0.30% | 1.75% | 6.14% | 4.60% |
| Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC | Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC | Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC | Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC | Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC | Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC | Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC | Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC | Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC | Lord Abbett Series Fund Mid Cap Stock Portfolio, Class VC |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1084 | 41.35 | 33.32 | 40787 | 0.33% | 0.60% | 1.80% | 6.41% | 5.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1227 | 38.86 | 31.69 | 43607 | 0.44% | 0.60% | 1.80% | 14.21% | 12.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1462 | 34.02 | 28.09 | 45723 | 0.47% | 0.60% | 1.80% | 14.73% | 13.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1477 | 29.66 | 24.78 | 41275 | 0.72% | 0.60% | 1.80% | (11.75)% | (12.81)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1853 | 33.60 | 28.42 | 57775 | 0.57% | 0.60% | 1.80% | 27.93% | 26.39% |
| Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, Class VC |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1375 | 11.34 | 10.46 | 15252 | 5.31% | 0.65% | 1.30% | 5.21% | 4.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 917 | 10.40 | 10.01 | 9657 | 5.54% | 0.30% | 1.30% | 4.82% | 3.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 524 | 9.92 | 9.65 | 5223 | 6.68% | 0.30% | 1.30% | 4.74% | 3.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 233 | 9.47 | 9.30 | 2179 | 5.23% | 0.30% | 1.30% | (5.34)% | (6.29)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 24 | 10.01 | 9.93 | 235 | 2.74% | 0.30% | 1.30% | (0.05)% | (0.88)% |
| LVIP American Century Balanced Fund, Standard Class II | LVIP American Century Balanced Fund, Standard Class II | LVIP American Century Balanced Fund, Standard Class II | LVIP American Century Balanced Fund, Standard Class II | LVIP American Century Balanced Fund, Standard Class II | LVIP American Century Balanced Fund, Standard Class II | LVIP American Century Balanced Fund, Standard Class II | LVIP American Century Balanced Fund, Standard Class II | LVIP American Century Balanced Fund, Standard Class II | LVIP American Century Balanced Fund, Standard Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 58 | 13.20 | 12.17 | 762 | 1.90% | 0.65% | 1.20% | 8.90% | 8.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 58 | 12.12 | 11.24 | 700 | 2.33% | 0.65% | 1.20% | 11.33% | 10.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 9 | 10.89 | 10.15 | 100 | 2.32% | 0.65% | 1.20% | 3.96% | 15.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 8 | 8.82 | 8.82 | 71 | 1.54% | 1.20% | 1.20% | (4.05)% | (4.05)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| LVIP American Century Disciplined Core Value Fund, Standard Class II | LVIP American Century Disciplined Core Value Fund, Standard Class II | LVIP American Century Disciplined Core Value Fund, Standard Class II | LVIP American Century Disciplined Core Value Fund, Standard Class II | LVIP American Century Disciplined Core Value Fund, Standard Class II | LVIP American Century Disciplined Core Value Fund, Standard Class II | LVIP American Century Disciplined Core Value Fund, Standard Class II | LVIP American Century Disciplined Core Value Fund, Standard Class II | LVIP American Century Disciplined Core Value Fund, Standard Class II | LVIP American Century Disciplined Core Value Fund, Standard Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1 | $13.84 | $13.84 | $15 | 1.73% | 0.65% | 0.65% | 14.11% | 14.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1 | 12.13 | 12.13 | 13 | 1.68% | 0.65% | 0.65% | 2.27% | 2.27% |
| LVIP American Century International Fund, Standard Class II | LVIP American Century International Fund, Standard Class II | LVIP American Century International Fund, Standard Class II | LVIP American Century International Fund, Standard Class II | LVIP American Century International Fund, Standard Class II | LVIP American Century International Fund, Standard Class II | LVIP American Century International Fund, Standard Class II | LVIP American Century International Fund, Standard Class II | LVIP American Century International Fund, Standard Class II | LVIP American Century International Fund, Standard Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 28 | 11.17 | 11.17 | 312 | 1.23% | 1.20% | 1.20% | 14.59% | 14.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 28 | 9.75 | 9.75 | 274 | 1.56% | 1.20% | 1.20% | 1.37% | 1.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 14 | 9.62 | 9.62 | 137 | 0.00% | 1.20% | 1.20% | 15.78% | 15.78% |
| LVIP American Century Ultra Fund, Standard Class II | LVIP American Century Ultra Fund, Standard Class II | LVIP American Century Ultra Fund, Standard Class II | LVIP American Century Ultra Fund, Standard Class II | LVIP American Century Ultra Fund, Standard Class II | LVIP American Century Ultra Fund, Standard Class II | LVIP American Century Ultra Fund, Standard Class II | LVIP American Century Ultra Fund, Standard Class II | LVIP American Century Ultra Fund, Standard Class II | LVIP American Century Ultra Fund, Standard Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 9 | 15.38 | 15.38 | 141 | 0.00% | 1.20% | 1.20% | 11.49% | 11.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 7 | 13.79 | 13.79 | 102 | 0.00% | 1.20% | 1.20% | 27.24% | 27.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 13 | 10.84 | 10.84 | 137 | 0.00% | 1.20% | 1.20% | 19.41% | 19.41% |
| MFS VIT Growth Series, Initial Class | MFS VIT Growth Series, Initial Class | MFS VIT Growth Series, Initial Class | MFS VIT Growth Series, Initial Class | MFS VIT Growth Series, Initial Class | MFS VIT Growth Series, Initial Class | MFS VIT Growth Series, Initial Class | MFS VIT Growth Series, Initial Class | MFS VIT Growth Series, Initial Class | MFS VIT Growth Series, Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 64 | 77.85 | 96.66 | 6429 | 0.00% | 0.70% | 1.80% | 11.41% | 10.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 74 | 69.87 | 87.73 | 6653 | 0.00% | 0.70% | 1.80% | 30.54% | 29.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 82 | 53.53 | 67.96 | 5733 | 0.00% | 0.70% | 1.80% | 34.92% | 33.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 92 | 39.67 | 50.93 | 4823 | 0.00% | 0.70% | 1.80% | (32.11)% | (32.86)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 100 | 58.44 | 75.86 | 7796 | 0.00% | 0.70% | 1.80% | 22.67% | 21.31% |
| MFS VIT Growth Series, Service Class | MFS VIT Growth Series, Service Class | MFS VIT Growth Series, Service Class | MFS VIT Growth Series, Service Class | MFS VIT Growth Series, Service Class | MFS VIT Growth Series, Service Class | MFS VIT Growth Series, Service Class | MFS VIT Growth Series, Service Class | MFS VIT Growth Series, Service Class | MFS VIT Growth Series, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1482 | 105.48 | 57.07 | 54940 | 0.00% | 0.60% | 1.75% | 11.23% | 9.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1239 | 94.83 | 51.91 | 50342 | 0.00% | 0.60% | 1.75% | 30.36% | 28.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 758 | 72.74 | 40.29 | 40793 | 0.00% | 0.60% | 1.75% | 34.70% | 33.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 895 | 54.00 | 30.26 | 37099 | 0.00% | 0.60% | 1.75% | (32.21)% | (33.00)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 898 | 79.67 | 45.16 | 54782 | 0.00% | 0.60% | 1.75% | 22.50% | 21.08% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| MFS VIT II Core Equity Portfolio, Service Class | MFS VIT II Core Equity Portfolio, Service Class | MFS VIT II Core Equity Portfolio, Service Class | MFS VIT II Core Equity Portfolio, Service Class | MFS VIT II Core Equity Portfolio, Service Class | MFS VIT II Core Equity Portfolio, Service Class | MFS VIT II Core Equity Portfolio, Service Class | MFS VIT II Core Equity Portfolio, Service Class | MFS VIT II Core Equity Portfolio, Service Class | MFS VIT II Core Equity Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 410 | $14.73 | $15.20 | $6054 | 0.25% | 0.65% | 1.20% | 11.49% | 10.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 221 | 13.21 | 13.71 | 2919 | 0.50% | 0.65% | 1.20% | 19.09% | 18.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 21 | 11.09 | 11.58 | 233 | 0.00% | 0.65% | 1.20% | 5.29% | 13.81% |
| MFS VIT II Emerging Markets Equity Portfolio, Service Class | MFS VIT II Emerging Markets Equity Portfolio, Service Class | MFS VIT II Emerging Markets Equity Portfolio, Service Class | MFS VIT II Emerging Markets Equity Portfolio, Service Class | MFS VIT II Emerging Markets Equity Portfolio, Service Class | MFS VIT II Emerging Markets Equity Portfolio, Service Class | MFS VIT II Emerging Markets Equity Portfolio, Service Class | MFS VIT II Emerging Markets Equity Portfolio, Service Class | MFS VIT II Emerging Markets Equity Portfolio, Service Class | MFS VIT II Emerging Markets Equity Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 13 | 14.33 | 12.91 | 192 | 1.85% | 0.90% | 1.65% | 32.15% | 31.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 21 | 10.84 | 9.85 | 230 | 2.34% | 0.90% | 1.65% | 10.31% | 9.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 23 | 9.83 | 8.99 | 227 | 1.21% | 0.90% | 1.65% | 9.71% | 8.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 27 | 8.96 | 8.26 | 238 | 3.78% | 0.90% | 1.65% | (20.66)% | (21.26)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 27 | 11.29 | 10.49 | 299 | 0.27% | 0.90% | 1.65% | (7.86)% | (8.56)% |
| MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 418 | 14.08 | 13.26 | 5843 | 0.79% | 0.65% | 1.20% | 20.02% | 19.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 243 | 11.73 | 11.11 | 2835 | 0.97% | 0.65% | 1.20% | 8.05% | 7.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 30 | 10.86 | 10.34 | 329 | 0.00% | 0.65% | 1.20% | 5.41% | 2.34% |
| MFS VIT II International Intrinsic Value Portfolio, Service Class | MFS VIT II International Intrinsic Value Portfolio, Service Class | MFS VIT II International Intrinsic Value Portfolio, Service Class | MFS VIT II International Intrinsic Value Portfolio, Service Class | MFS VIT II International Intrinsic Value Portfolio, Service Class | MFS VIT II International Intrinsic Value Portfolio, Service Class | MFS VIT II International Intrinsic Value Portfolio, Service Class | MFS VIT II International Intrinsic Value Portfolio, Service Class | MFS VIT II International Intrinsic Value Portfolio, Service Class | MFS VIT II International Intrinsic Value Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 757 | 15.23 | 30.72 | 19026 | 1.33% | 0.65% | 1.30% | 32.10% | 31.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 756 | 11.53 | 23.41 | 16119 | 1.13% | 0.65% | 1.30% | 6.27% | 5.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 721 | 10.85 | 22.17 | 16446 | 0.46% | 0.65% | 1.30% | 4.77% | 15.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 827 | 19.99 | 19.14 | 16508 | 0.45% | 0.90% | 1.30% | (24.44)% | (24.74)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 865 | 26.45 | 25.43 | 22849 | 0.14% | 0.90% | 1.30% | 9.28% | 8.84% |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 48 | 35.04 | 31.07 | 1586 | 0.27% | 0.70% | 1.80% | 9.13% | 7.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 56 | 32.11 | 28.79 | 1681 | 0.34% | 0.70% | 1.80% | 15.45% | 14.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 64 | 27.81 | 25.22 | 1699 | 0.30% | 0.70% | 1.80% | 23.14% | 21.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 71 | 22.59 | 20.71 | 1528 | 0.09% | 0.70% | 1.80% | (19.82)% | (20.71)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 80 | 28.17 | 26.12 | 2148 | 0.24% | 0.70% | 1.80% | 25.09% | 23.71% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class | MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 991 | $34.50 | $30.43 | $29432 | 0.02% | 0.60% | 1.75% | 8.95% | 7.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1053 | 31.67 | 28.26 | 30022 | 0.13% | 0.60% | 1.75% | 15.28% | 13.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1132 | 27.47 | 24.80 | 30205 | 0.05% | 0.60% | 1.75% | 22.97% | 21.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1343 | 22.34 | 20.40 | 29346 | 0.00% | 0.60% | 1.75% | (19.93)% | (20.85)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1478 | 27.90 | 25.78 | 40451 | 0.03% | 0.60% | 1.75% | 24.90% | 23.46% |
| MFS VIT II Research International Portfolio, Service Class | MFS VIT II Research International Portfolio, Service Class | MFS VIT II Research International Portfolio, Service Class | MFS VIT II Research International Portfolio, Service Class | MFS VIT II Research International Portfolio, Service Class | MFS VIT II Research International Portfolio, Service Class | MFS VIT II Research International Portfolio, Service Class | MFS VIT II Research International Portfolio, Service Class | MFS VIT II Research International Portfolio, Service Class | MFS VIT II Research International Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 97 | 13.23 | 12.70 | 1282 | 1.35% | 0.65% | 1.20% | 20.96% | 4.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 51 | 10.93 | 10.93 | 562 | 1.85% | 0.65% | 0.65% | 4.38% | 4.38% |
| MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 16 | 13.10 | 12.78 | 206 | 0.77% | 0.30% | 1.20% | 5.17% | 1.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 5 | 12.46 | 11.92 | 56 | 1.00% | 0.30% | 0.65% | 5.02% | 6.93% |
| MFS VIT III Global Real Estate Portfolio, Service Class | MFS VIT III Global Real Estate Portfolio, Service Class | MFS VIT III Global Real Estate Portfolio, Service Class | MFS VIT III Global Real Estate Portfolio, Service Class | MFS VIT III Global Real Estate Portfolio, Service Class | MFS VIT III Global Real Estate Portfolio, Service Class | MFS VIT III Global Real Estate Portfolio, Service Class | MFS VIT III Global Real Estate Portfolio, Service Class | MFS VIT III Global Real Estate Portfolio, Service Class | MFS VIT III Global Real Estate Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 34 | 11.22 | 10.56 | 361 | 1.15% | 0.65% | 1.20% | 2.63% | 2.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 30 | 10.93 | 10.35 | 311 | 1.63% | 0.65% | 1.20% | 2.38% | (4.09)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 13 | 10.79 | 10.79 | 142 | 0.00% | 1.20% | 1.20% | 23.82% | 23.82% |
| MFS VIT III Mid Cap Value Portfolio, Service Class | MFS VIT III Mid Cap Value Portfolio, Service Class | MFS VIT III Mid Cap Value Portfolio, Service Class | MFS VIT III Mid Cap Value Portfolio, Service Class | MFS VIT III Mid Cap Value Portfolio, Service Class | MFS VIT III Mid Cap Value Portfolio, Service Class | MFS VIT III Mid Cap Value Portfolio, Service Class | MFS VIT III Mid Cap Value Portfolio, Service Class | MFS VIT III Mid Cap Value Portfolio, Service Class | MFS VIT III Mid Cap Value Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 159 | 13.50 | 13.17 | 2072 | 0.89% | 0.30% | 1.20% | 5.44% | 4.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 100 | 12.80 | 12.60 | 1244 | 1.33% | 0.30% | 1.20% | (2.05)% | 12.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1 | 11.24 | 11.24 | 16 | 0.00% | 1.20% | 1.20% | 5.49% | 5.49% |
| MFS VIT Investors Trust Series, Initial Class | MFS VIT Investors Trust Series, Initial Class | MFS VIT Investors Trust Series, Initial Class | MFS VIT Investors Trust Series, Initial Class | MFS VIT Investors Trust Series, Initial Class | MFS VIT Investors Trust Series, Initial Class | MFS VIT Investors Trust Series, Initial Class | MFS VIT Investors Trust Series, Initial Class | MFS VIT Investors Trust Series, Initial Class | MFS VIT Investors Trust Series, Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 79 | 55.83 | 57.18 | 4838 | 1.62% | 0.70% | 1.80% | 12.78% | 11.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 87 | 49.50 | 51.27 | 4798 | 0.69% | 0.70% | 1.80% | 18.68% | 17.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 108 | 41.71 | 43.68 | 4993 | 0.71% | 0.70% | 1.80% | 18.15% | 16.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 129 | 35.30 | 37.38 | 5141 | 0.61% | 0.70% | 1.80% | (17.07)% | (17.99)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 155 | 42.57 | 45.58 | 7448 | 0.63% | 0.70% | 1.80% | 25.93% | 24.53% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| MFS VIT Investors Trust Series, Service Class | MFS VIT Investors Trust Series, Service Class | MFS VIT Investors Trust Series, Service Class | MFS VIT Investors Trust Series, Service Class | MFS VIT Investors Trust Series, Service Class | MFS VIT Investors Trust Series, Service Class | MFS VIT Investors Trust Series, Service Class | MFS VIT Investors Trust Series, Service Class | MFS VIT Investors Trust Series, Service Class | MFS VIT Investors Trust Series, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 664 | $66.20 | $39.84 | $35503 | 0.59% | 0.60% | 1.75% | 12.64% | 11.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 791 | 58.77 | 35.78 | 37731 | 0.45% | 0.60% | 1.75% | 18.50% | 17.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1018 | 49.59 | 30.55 | 41072 | 0.46% | 0.60% | 1.75% | 17.95% | 16.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1203 | 42.04 | 26.20 | 41340 | 0.36% | 0.60% | 1.75% | (17.19)% | (18.14)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1366 | 50.77 | 32.00 | 56861 | 0.41% | 0.60% | 1.75% | 25.75% | 24.30% |
| MFS VIT Mid Cap Growth Series, Service Class | MFS VIT Mid Cap Growth Series, Service Class | MFS VIT Mid Cap Growth Series, Service Class | MFS VIT Mid Cap Growth Series, Service Class | MFS VIT Mid Cap Growth Series, Service Class | MFS VIT Mid Cap Growth Series, Service Class | MFS VIT Mid Cap Growth Series, Service Class | MFS VIT Mid Cap Growth Series, Service Class | MFS VIT Mid Cap Growth Series, Service Class | MFS VIT Mid Cap Growth Series, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 160 | 13.40 | 13.07 | 2109 | 0.00% | 0.30% | 1.20% | (1.90)% | 2.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 104 | 12.85 | 12.79 | 1334 | 0.00% | 0.65% | 1.20% | 13.70% | 13.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2 | 11.30 | 11.31 | 26 | 0.00% | 0.65% | 1.20% | 0.80% | 4.87% |
| MFS VIT New Discovery Series, Initial Class | MFS VIT New Discovery Series, Initial Class | MFS VIT New Discovery Series, Initial Class | MFS VIT New Discovery Series, Initial Class | MFS VIT New Discovery Series, Initial Class | MFS VIT New Discovery Series, Initial Class | MFS VIT New Discovery Series, Initial Class | MFS VIT New Discovery Series, Initial Class | MFS VIT New Discovery Series, Initial Class | MFS VIT New Discovery Series, Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 26 | 73.77 | 74.24 | 2019 | 0.00% | 0.70% | 1.80% | 12.17% | 10.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 28 | 65.76 | 66.93 | 1961 | 0.00% | 0.70% | 1.80% | 5.97% | 4.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 29 | 62.06 | 63.87 | 1974 | 0.00% | 0.70% | 1.80% | 13.61% | 12.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 31 | 54.62 | 56.84 | 1858 | 0.00% | 0.70% | 1.80% | (30.25)% | (31.02)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 35 | 78.31 | 82.40 | 3043 | 0.00% | 0.70% | 1.80% | 1.09% | (0.03)% |
| MFS VIT New Discovery Series, Service Class | MFS VIT New Discovery Series, Service Class | MFS VIT New Discovery Series, Service Class | MFS VIT New Discovery Series, Service Class | MFS VIT New Discovery Series, Service Class | MFS VIT New Discovery Series, Service Class | MFS VIT New Discovery Series, Service Class | MFS VIT New Discovery Series, Service Class | MFS VIT New Discovery Series, Service Class | MFS VIT New Discovery Series, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 683 | 12.86 | 27.40 | 40565 | 0.00% | 0.30% | 1.75% | 12.22% | 10.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 771 | 11.46 | 24.77 | 41925 | 0.00% | 0.30% | 1.75% | (0.36)% | 4.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 868 | 49.00 | 23.69 | 45900 | 0.00% | 0.60% | 1.75% | 13.57% | 12.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 969 | 43.15 | 21.10 | 45049 | 0.00% | 0.60% | 1.75% | (30.41)% | (31.22)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 871 | 62.01 | 30.68 | 57785 | 0.00% | 0.60% | 1.75% | 0.96% | (0.20)% |
| MFS VIT Research Series, Initial Class | MFS VIT Research Series, Initial Class | MFS VIT Research Series, Initial Class | MFS VIT Research Series, Initial Class | MFS VIT Research Series, Initial Class | MFS VIT Research Series, Initial Class | MFS VIT Research Series, Initial Class | MFS VIT Research Series, Initial Class | MFS VIT Research Series, Initial Class | MFS VIT Research Series, Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 80 | 60.99 | 62.41 | 5381 | 0.96% | 0.70% | 1.80% | 12.06% | 10.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 87 | 54.43 | 56.31 | 5224 | 0.60% | 0.70% | 1.80% | 18.04% | 16.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 96 | 46.11 | 48.24 | 4946 | 0.51% | 0.70% | 1.80% | 21.57% | 20.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 102 | 37.93 | 40.13 | 4368 | 0.45% | 0.70% | 1.80% | (17.79)% | (18.70)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 120 | 46.14 | 49.36 | 6260 | 0.53% | 0.70% | 1.80% | 23.93% | 22.56% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| MFS VIT Research Series, Service Class | MFS VIT Research Series, Service Class | MFS VIT Research Series, Service Class | MFS VIT Research Series, Service Class | MFS VIT Research Series, Service Class | MFS VIT Research Series, Service Class | MFS VIT Research Series, Service Class | MFS VIT Research Series, Service Class | MFS VIT Research Series, Service Class | MFS VIT Research Series, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 51 | $72.16 | $41.61 | $3032 | 0.15% | 0.60% | 1.75% | 11.89% | 10.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 60 | 64.49 | 37.63 | 3238 | 0.37% | 0.60% | 1.75% | 17.85% | 16.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 71 | 54.72 | 32.30 | 3230 | 0.25% | 0.60% | 1.75% | 21.39% | 19.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 80 | 45.08 | 26.92 | 3011 | 0.18% | 0.60% | 1.75% | (17.93)% | (18.87)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 89 | 54.93 | 33.18 | 4109 | 0.33% | 0.60% | 1.75% | 23.77% | 22.34% |
| MFS VIT Total Return Bond Series, Service Class | MFS VIT Total Return Bond Series, Service Class | MFS VIT Total Return Bond Series, Service Class | MFS VIT Total Return Bond Series, Service Class | MFS VIT Total Return Bond Series, Service Class | MFS VIT Total Return Bond Series, Service Class | MFS VIT Total Return Bond Series, Service Class | MFS VIT Total Return Bond Series, Service Class | MFS VIT Total Return Bond Series, Service Class | MFS VIT Total Return Bond Series, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 19184 | 14.62 | 11.17 | 250094 | 4.17% | 0.60% | 1.75% | 6.30% | 5.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 21871 | 13.76 | 10.63 | 269144 | 4.04% | 0.60% | 1.75% | 1.72% | 0.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 24119 | 13.52 | 10.57 | 292815 | 2.94% | 0.60% | 1.75% | 6.49% | 5.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 26559 | 12.70 | 10.04 | 303873 | 2.39% | 0.60% | 1.75% | (14.70)% | (15.68)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 29030 | 14.89 | 11.91 | 391163 | 2.54% | 0.60% | 1.75% | (1.66)% | (2.80)% |
| MFS VIT Total Return Series, Initial Class | MFS VIT Total Return Series, Initial Class | MFS VIT Total Return Series, Initial Class | MFS VIT Total Return Series, Initial Class | MFS VIT Total Return Series, Initial Class | MFS VIT Total Return Series, Initial Class | MFS VIT Total Return Series, Initial Class | MFS VIT Total Return Series, Initial Class | MFS VIT Total Return Series, Initial Class | MFS VIT Total Return Series, Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 277 | 44.15 | 41.06 | 12241 | 2.66% | 0.70% | 1.80% | 10.39% | 9.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 322 | 39.99 | 37.61 | 12972 | 2.46% | 0.70% | 1.80% | 6.99% | 5.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 377 | 37.38 | 35.55 | 14261 | 2.01% | 0.70% | 1.80% | 9.67% | 8.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 438 | 34.08 | 32.77 | 15229 | 1.62% | 0.70% | 1.80% | (10.21)% | (11.20)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 495 | 37.96 | 36.91 | 19285 | 1.82% | 0.70% | 1.80% | 13.32% | 12.07% |
| MFS VIT Total Return Series, Service Class | MFS VIT Total Return Series, Service Class | MFS VIT Total Return Series, Service Class | MFS VIT Total Return Series, Service Class | MFS VIT Total Return Series, Service Class | MFS VIT Total Return Series, Service Class | MFS VIT Total Return Series, Service Class | MFS VIT Total Return Series, Service Class | MFS VIT Total Return Series, Service Class | MFS VIT Total Return Series, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1216 | 34.27 | 38.80 | 37886 | 2.51% | 0.60% | 1.80% | 10.25% | 8.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1256 | 31.08 | 35.63 | 37797 | 2.29% | 0.60% | 1.80% | 6.81% | 5.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1284 | 29.10 | 33.76 | 39421 | 1.82% | 0.60% | 1.80% | 9.56% | 8.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1465 | 26.56 | 31.19 | 41300 | 1.40% | 0.60% | 1.80% | (10.38)% | (11.46)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1682 | 29.63 | 35.23 | 53045 | 1.62% | 0.60% | 1.80% | 13.15% | 11.79% |
| MFS VIT Utilities Series, Initial Class | MFS VIT Utilities Series, Initial Class | MFS VIT Utilities Series, Initial Class | MFS VIT Utilities Series, Initial Class | MFS VIT Utilities Series, Initial Class | MFS VIT Utilities Series, Initial Class | MFS VIT Utilities Series, Initial Class | MFS VIT Utilities Series, Initial Class | MFS VIT Utilities Series, Initial Class | MFS VIT Utilities Series, Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 23 | 73.00 | 64.09 | 1553 | 3.01% | 0.70% | 1.65% | 14.21% | 13.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 27 | 63.92 | 56.66 | 1658 | 2.25% | 0.70% | 1.65% | 10.88% | 9.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 31 | 57.65 | 51.60 | 1684 | 3.51% | 0.70% | 1.65% | (2.79)% | (3.72)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 31 | 59.30 | 53.59 | 1761 | 2.48% | 0.70% | 1.65% | 0.05% | (0.90)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 33 | 59.27 | 54.08 | 1884 | 1.62% | 0.70% | 1.65% | 13.29% | 12.21% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| MFS VIT Utilities Series, Service Class | MFS VIT Utilities Series, Service Class | MFS VIT Utilities Series, Service Class | MFS VIT Utilities Series, Service Class | MFS VIT Utilities Series, Service Class | MFS VIT Utilities Series, Service Class | MFS VIT Utilities Series, Service Class | MFS VIT Utilities Series, Service Class | MFS VIT Utilities Series, Service Class | MFS VIT Utilities Series, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 339 | $68.97 | $23.68 | $15832 | 2.68% | 0.60% | 1.75% | 14.07% | 12.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 394 | 60.46 | 21.00 | 16271 | 2.07% | 0.60% | 1.75% | 10.67% | 9.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 467 | 54.63 | 19.20 | 17690 | 3.33% | 0.60% | 1.75% | (2.91)% | (4.03)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 504 | 56.27 | 20.01 | 19638 | 2.10% | 0.60% | 1.75% | (0.12)% | (1.27)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 642 | 56.34 | 20.27 | 25021 | 1.48% | 0.60% | 1.75% | 13.14% | 11.83% |
| MFS VIT Value Series, Service Class | MFS VIT Value Series, Service Class | MFS VIT Value Series, Service Class | MFS VIT Value Series, Service Class | MFS VIT Value Series, Service Class | MFS VIT Value Series, Service Class | MFS VIT Value Series, Service Class | MFS VIT Value Series, Service Class | MFS VIT Value Series, Service Class | MFS VIT Value Series, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3097 | 45.79 | 32.64 | 125958 | 1.38% | 0.60% | 1.75% | 12.09% | 10.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3584 | 40.85 | 29.46 | 130581 | 1.41% | 0.60% | 1.75% | 10.68% | 9.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 4319 | 36.91 | 26.93 | 142788 | 1.40% | 0.60% | 1.75% | 6.99% | 5.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 4835 | 34.50 | 25.46 | 150061 | 1.07% | 0.60% | 1.75% | (6.70)% | (7.78)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 5868 | 36.98 | 27.61 | 196057 | 1.14% | 0.60% | 1.75% | 24.41% | 22.97% |
| Morgan Stanley VIF Global Real Estate Portfolio, Class II | Morgan Stanley VIF Global Real Estate Portfolio, Class II | Morgan Stanley VIF Global Real Estate Portfolio, Class II | Morgan Stanley VIF Global Real Estate Portfolio, Class II | Morgan Stanley VIF Global Real Estate Portfolio, Class II | Morgan Stanley VIF Global Real Estate Portfolio, Class II | Morgan Stanley VIF Global Real Estate Portfolio, Class II | Morgan Stanley VIF Global Real Estate Portfolio, Class II | Morgan Stanley VIF Global Real Estate Portfolio, Class II | Morgan Stanley VIF Global Real Estate Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 2.08% | 0.90% | 1.65% | 8.24% | 7.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 400 | 13.10 | 10.85 | 5087 | 1.92% | 0.60% | 1.75% | 9.81% | 8.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 426 | 11.93 | 10.00 | 5023 | 3.95% | 0.60% | 1.75% | (26.64)% | (27.49)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 457 | 16.26 | 13.78 | 7402 | 4.03% | 0.60% | 1.75% | 23.09% | 21.67% |
| Morgan Stanley VIF Global Strategist Portfolio, Class II | Morgan Stanley VIF Global Strategist Portfolio, Class II | Morgan Stanley VIF Global Strategist Portfolio, Class II | Morgan Stanley VIF Global Strategist Portfolio, Class II | Morgan Stanley VIF Global Strategist Portfolio, Class II | Morgan Stanley VIF Global Strategist Portfolio, Class II | Morgan Stanley VIF Global Strategist Portfolio, Class II | Morgan Stanley VIF Global Strategist Portfolio, Class II | Morgan Stanley VIF Global Strategist Portfolio, Class II | Morgan Stanley VIF Global Strategist Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 50 | 12.01 | 12.01 | 597 | 0.00% | 1.20% | 1.20% | 15.95% | 15.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 39 | 10.36 | 10.36 | 400 | 0.00% | 1.20% | 1.20% | 6.13% | 6.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 20 | 9.76 | 9.76 | 198 | 1.30% | 1.20% | 1.20% | 12.58% | 12.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2 | 8.67 | 8.67 | 17 | 0.00% | 1.20% | 1.20% | (1.27)% | (1.27)% |
| Morgan Stanley VIF Growth Portfolio, Class II | Morgan Stanley VIF Growth Portfolio, Class II | Morgan Stanley VIF Growth Portfolio, Class II | Morgan Stanley VIF Growth Portfolio, Class II | Morgan Stanley VIF Growth Portfolio, Class II | Morgan Stanley VIF Growth Portfolio, Class II | Morgan Stanley VIF Growth Portfolio, Class II | Morgan Stanley VIF Growth Portfolio, Class II | Morgan Stanley VIF Growth Portfolio, Class II | Morgan Stanley VIF Growth Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 19 | 15.87 | 15.87 | 305 | 0.00% | 1.20% | 1.20% | 33.76% | 33.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 7 | 11.86 | 11.86 | 78 | 0.00% | 1.20% | 1.20% | 53.73% | 53.73% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| PIMCO VIT All Asset Portfolio, Advisor Class | PIMCO VIT All Asset Portfolio, Advisor Class | PIMCO VIT All Asset Portfolio, Advisor Class | PIMCO VIT All Asset Portfolio, Advisor Class | PIMCO VIT All Asset Portfolio, Advisor Class | PIMCO VIT All Asset Portfolio, Advisor Class | PIMCO VIT All Asset Portfolio, Advisor Class | PIMCO VIT All Asset Portfolio, Advisor Class | PIMCO VIT All Asset Portfolio, Advisor Class | PIMCO VIT All Asset Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 258 | $14.02 | $14.79 | $4028 | 4.77% | 0.75% | 1.75% | 13.34% | 12.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 260 | 12.37 | 13.19 | 3640 | 6.11% | 0.75% | 1.75% | 2.79% | 1.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 372 | 12.03 | 12.96 | 5005 | 3.03% | 0.75% | 1.75% | 7.21% | 6.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 175 | 11.22 | 12.21 | 2183 | 4.43% | 0.75% | 1.75% | (12.53)% | (13.41)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 518 | 12.83 | 14.10 | 7526 | 11.08% | 0.75% | 1.75% | 15.17% | 14.01% |
| PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 0 \* | 10.58 | 10.58 | 5 | 2.71% | 0.30% | 0.30% | 18.31% | 18.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1 | 8.94 | 8.94 | 5 | 2.07% | 0.30% | 0.30% | 3.65% | 3.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1 | 8.63 | 8.63 | 5 | 15.77% | 0.30% | 0.30% | (8.21)% | (8.21)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1 | 9.40 | 9.40 | 6 | 10.91% | 0.30% | 0.30% | (0.74)% | (0.74)% |
| PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class | PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class | PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class | PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class | PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class | PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class | PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class | PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class | PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class | PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 337 | 17.16 | 15.93 | 5357 | 6.13% | 1.00% | 1.75% | 13.92% | 13.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 347 | 15.06 | 14.09 | 4987 | 4.61% | 1.00% | 1.75% | 7.93% | 7.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 389 | 13.96 | 13.15 | 5254 | 3.21% | 1.00% | 1.75% | 12.51% | 11.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 400 | 12.40 | 11.78 | 4891 | 4.36% | 1.00% | 1.75% | (17.44)% | (18.06)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 446 | 15.02 | 14.37 | 6630 | 9.81% | 1.00% | 1.75% | 7.43% | 6.62% |
| PIMCO VIT High Yield Portfolio, Advisor Class | PIMCO VIT High Yield Portfolio, Advisor Class | PIMCO VIT High Yield Portfolio, Advisor Class | PIMCO VIT High Yield Portfolio, Advisor Class | PIMCO VIT High Yield Portfolio, Advisor Class | PIMCO VIT High Yield Portfolio, Advisor Class | PIMCO VIT High Yield Portfolio, Advisor Class | PIMCO VIT High Yield Portfolio, Advisor Class | PIMCO VIT High Yield Portfolio, Advisor Class | PIMCO VIT High Yield Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 92 | 11.96 | 11.39 | 1076 | 6.18% | 0.30% | 1.30% | 8.52% | 7.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 70 | 11.02 | 10.60 | 762 | 5.76% | 0.30% | 1.30% | 6.46% | 5.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 41 | 10.35 | 10.06 | 419 | 5.58% | 0.30% | 1.30% | 11.77% | 10.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 20 | 9.26 | 9.09 | 186 | 4.23% | 0.30% | 1.30% | (10.65)% | (11.54)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 12 | 10.31 | 10.28 | 127 | 1.03% | 1.00% | 1.30% | 0.77% | 0.51% |
| PIMCO VIT Income Portfolio, Advisor Class | PIMCO VIT Income Portfolio, Advisor Class | PIMCO VIT Income Portfolio, Advisor Class | PIMCO VIT Income Portfolio, Advisor Class | PIMCO VIT Income Portfolio, Advisor Class | PIMCO VIT Income Portfolio, Advisor Class | PIMCO VIT Income Portfolio, Advisor Class | PIMCO VIT Income Portfolio, Advisor Class | PIMCO VIT Income Portfolio, Advisor Class | PIMCO VIT Income Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 512 | 11.64 | 11.09 | 5828 | 5.05% | 0.30% | 1.30% | 9.75% | 8.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 272 | 10.61 | 10.20 | 2837 | 5.69% | 0.30% | 1.30% | 4.99% | 3.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 93 | 10.10 | 9.82 | 920 | 5.21% | 0.30% | 1.30% | 7.82% | 6.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 66 | 9.37 | 9.20 | 613 | 3.60% | 0.30% | 1.30% | (8.15)% | (9.06)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 36 | 10.20 | 10.12 | 362 | 0.75% | 0.30% | 1.30% | 0.29% | (0.53)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1481 | $6.66 | $10.38 | $15554 | 3.18% | 0.30% | 1.75% | 5.87% | 4.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1719 | 6.29 | 9.95 | 17473 | 2.63% | 0.30% | 1.75% | (6.39)% | (7.76)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1778 | 6.72 | 10.79 | 19529 | 2.28% | 0.30% | 1.75% | 3.57% | 2.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1893 | 6.49 | 10.57 | 20470 | 1.83% | 0.30% | 1.75% | (29.16)% | (30.19)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1953 | 9.16 | 15.14 | 30193 | 1.45% | 0.30% | 1.75% | (5.17)% | (6.54)% |
| PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 10194 | 10.67 | 9.68 | 111358 | 3.85% | 0.30% | 1.75% | 5.10% | 3.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 11181 | 10.16 | 9.35 | 116941 | 3.89% | 0.30% | 1.75% | 4.08% | 2.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 11696 | 9.76 | 9.11 | 118346 | 3.50% | 0.30% | 1.75% | 4.55% | 3.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 12973 | 9.33 | 8.85 | 126469 | 1.54% | 0.30% | 1.75% | (6.12)% | (7.48)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 14088 | 9.94 | 9.56 | 147419 | 0.43% | 0.30% | 1.75% | (1.32)% | (2.76)% |
| PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 15268 | 10.91 | 10.83 | 189598 | 3.22% | 0.30% | 1.75% | 7.42% | 5.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 17544 | 10.15 | 10.23 | 204511 | 2.53% | 0.30% | 1.75% | 1.72% | 0.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 18755 | 9.98 | 10.21 | 216877 | 2.89% | 0.30% | 1.75% | 3.26% | 1.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 20877 | 9.67 | 10.03 | 235467 | 6.75% | 0.30% | 1.75% | (12.26)% | (13.53)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 23187 | 11.02 | 11.60 | 300617 | 4.94% | 0.30% | 1.75% | 5.16% | 3.64% |
| PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 8045 | 11.56 | 10.53 | 92842 | 4.37% | 0.30% | 1.75% | 4.25% | 2.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 7619 | 11.09 | 10.25 | 84982 | 4.91% | 0.30% | 1.75% | 5.63% | 4.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 6992 | 10.50 | 9.85 | 74504 | 4.38% | 0.30% | 1.75% | 5.48% | 3.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 6783 | 9.95 | 9.48 | 69195 | 1.51% | 0.30% | 1.75% | (0.55)% | (1.99)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 6407 | 10.01 | 9.67 | 66445 | 0.99% | 0.30% | 1.75% | (0.45)% | (1.90)% |
| PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 44677 | 9.99 | 10.87 | 550345 | 4.01% | 0.30% | 1.75% | 8.46% | 6.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 49481 | 9.21 | 10.17 | 568259 | 3.94% | 0.30% | 1.75% | 2.12% | 0.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 51807 | 9.02 | 10.10 | 589668 | 3.46% | 0.30% | 1.75% | 5.51% | 3.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 55640 | 8.55 | 9.72 | 606616 | 2.42% | 0.30% | 1.75% | (14.64)% | (15.88)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 59431 | 10.02 | 11.55 | 767115 | 1.73% | 0.30% | 1.75% | (1.66)% | (3.09)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Protective Life Dynamic Allocation Series Conservative Portfolio | Protective Life Dynamic Allocation Series Conservative Portfolio | Protective Life Dynamic Allocation Series Conservative Portfolio | Protective Life Dynamic Allocation Series Conservative Portfolio | Protective Life Dynamic Allocation Series Conservative Portfolio | Protective Life Dynamic Allocation Series Conservative Portfolio | Protective Life Dynamic Allocation Series Conservative Portfolio | Protective Life Dynamic Allocation Series Conservative Portfolio | Protective Life Dynamic Allocation Series Conservative Portfolio | Protective Life Dynamic Allocation Series Conservative Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2872 | $12.94 | $12.71 | $37747 | 2.23% | 0.30% | 1.75% | 10.83% | 9.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3143 | 11.67 | 11.63 | 37656 | 1.95% | 0.30% | 1.75% | 6.87% | 5.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3653 | 10.92 | 11.05 | 41384 | 1.97% | 0.30% | 1.75% | 11.11% | 9.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 3810 | 9.83 | 10.09 | 39579 | 1.08% | 0.30% | 1.75% | (16.95)% | (18.15)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 3608 | 11.53 | 12.32 | 46054 | 0.90% | 0.75% | 1.75% | 7.91% | 6.82% |
| Protective Life Dynamic Allocation Series Growth Portfolio | Protective Life Dynamic Allocation Series Growth Portfolio | Protective Life Dynamic Allocation Series Growth Portfolio | Protective Life Dynamic Allocation Series Growth Portfolio | Protective Life Dynamic Allocation Series Growth Portfolio | Protective Life Dynamic Allocation Series Growth Portfolio | Protective Life Dynamic Allocation Series Growth Portfolio | Protective Life Dynamic Allocation Series Growth Portfolio | Protective Life Dynamic Allocation Series Growth Portfolio | Protective Life Dynamic Allocation Series Growth Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1765 | 19.12 | 17.12 | 32847 | 1.43% | 0.90% | 1.75% | 18.41% | 13.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2490 | 12.52 | 15.02 | 40535 | 1.50% | 0.75% | 1.75% | 6.33% | 12.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3192 | 11.77 | 13.39 | 46002 | 1.75% | 0.75% | 1.75% | 17.45% | 16.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 3907 | 10.02 | 11.52 | 48110 | 1.09% | 0.75% | 1.75% | (20.17)% | (20.97)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4163 | 15.73 | 14.58 | 64736 | 0.88% | 0.90% | 1.75% | 19.71% | 18.68% |
| Protective Life Dynamic Allocation Series Moderate Portfolio | Protective Life Dynamic Allocation Series Moderate Portfolio | Protective Life Dynamic Allocation Series Moderate Portfolio | Protective Life Dynamic Allocation Series Moderate Portfolio | Protective Life Dynamic Allocation Series Moderate Portfolio | Protective Life Dynamic Allocation Series Moderate Portfolio | Protective Life Dynamic Allocation Series Moderate Portfolio | Protective Life Dynamic Allocation Series Moderate Portfolio | Protective Life Dynamic Allocation Series Moderate Portfolio | Protective Life Dynamic Allocation Series Moderate Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 52768 | 13.27 | 13.97 | 719120 | 1.97% | 0.75% | 1.75% | 11.86% | 10.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 57262 | 11.86 | 12.62 | 700424 | 1.84% | 0.75% | 1.75% | 8.38% | 7.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 61127 | 10.94 | 11.76 | 692497 | 1.77% | 0.75% | 1.75% | 12.68% | 11.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 57847 | 9.71 | 10.55 | 585407 | 1.04% | 0.75% | 1.75% | (18.21)% | (19.03)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 41543 | 11.88 | 13.02 | 524872 | 0.78% | 0.75% | 1.75% | 11.48% | 10.36% |
| Royce Capital Fund Micro-Cap Portfolio, Service Class | Royce Capital Fund Micro-Cap Portfolio, Service Class | Royce Capital Fund Micro-Cap Portfolio, Service Class | Royce Capital Fund Micro-Cap Portfolio, Service Class | Royce Capital Fund Micro-Cap Portfolio, Service Class | Royce Capital Fund Micro-Cap Portfolio, Service Class | Royce Capital Fund Micro-Cap Portfolio, Service Class | Royce Capital Fund Micro-Cap Portfolio, Service Class | Royce Capital Fund Micro-Cap Portfolio, Service Class | Royce Capital Fund Micro-Cap Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 504 | 30.18 | 18.56 | 12318 | 0.00% | 0.70% | 1.75% | 12.78% | 11.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 612 | 26.76 | 16.63 | 13299 | 0.00% | 0.70% | 1.75% | 12.48% | 11.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 745 | 23.79 | 14.95 | 14462 | 0.00% | 0.70% | 1.75% | 17.73% | 16.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 454 | 20.21 | 12.83 | 8004 | 0.00% | 0.70% | 1.75% | (23.19)% | (24.00)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 912 | 26.31 | 16.88 | 19767 | 0.00% | 0.70% | 1.75% | 28.62% | 27.26% |
| Royce Capital Fund Small-Cap Portfolio, Service Class | Royce Capital Fund Small-Cap Portfolio, Service Class | Royce Capital Fund Small-Cap Portfolio, Service Class | Royce Capital Fund Small-Cap Portfolio, Service Class | Royce Capital Fund Small-Cap Portfolio, Service Class | Royce Capital Fund Small-Cap Portfolio, Service Class | Royce Capital Fund Small-Cap Portfolio, Service Class | Royce Capital Fund Small-Cap Portfolio, Service Class | Royce Capital Fund Small-Cap Portfolio, Service Class | Royce Capital Fund Small-Cap Portfolio, Service Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 4503 | 30.97 | 20.90 | 113912 | 2.13% | 0.60% | 1.75% | 8.07% | 6.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 4958 | 28.66 | 19.57 | 116682 | 0.94% | 0.60% | 1.75% | 2.64% | 1.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 6145 | 27.92 | 19.29 | 141297 | 0.69% | 0.60% | 1.75% | 24.78% | 23.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 7443 | 22.37 | 15.64 | 137805 | 0.07% | 0.60% | 1.75% | (9.96)% | (10.99)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 8915 | 24.85 | 17.57 | 184073 | 1.17% | 0.60% | 1.75% | 27.68% | 26.20% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Rydex Commodities Strategy Fund | Rydex Commodities Strategy Fund | Rydex Commodities Strategy Fund | Rydex Commodities Strategy Fund | Rydex Commodities Strategy Fund | Rydex Commodities Strategy Fund | Rydex Commodities Strategy Fund | Rydex Commodities Strategy Fund | Rydex Commodities Strategy Fund | Rydex Commodities Strategy Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2 | $6.03 | $6.03 | $11 | 4.00% | 1.00% | 1.00% | 3.84% | 3.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2 | 5.81 | 5.81 | 10 | 4.19% | 1.00% | 1.00% | 7.20% | 7.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2 | 5.42 | 5.42 | 10 | 10.43% | 1.00% | 1.00% | (7.17)% | (7.17)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2 | 5.84 | 5.84 | 9 | 4.72% | 1.00% | 1.00% | 21.66% | 21.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2 | 4.80 | 4.80 | 10 | 0.00% | 1.00% | 1.00% | 38.15% | 38.15% |
| Rydex Inverse Government Long Bond Strategy Fund | Rydex Inverse Government Long Bond Strategy Fund | Rydex Inverse Government Long Bond Strategy Fund | Rydex Inverse Government Long Bond Strategy Fund | Rydex Inverse Government Long Bond Strategy Fund | Rydex Inverse Government Long Bond Strategy Fund | Rydex Inverse Government Long Bond Strategy Fund | Rydex Inverse Government Long Bond Strategy Fund | Rydex Inverse Government Long Bond Strategy Fund | Rydex Inverse Government Long Bond Strategy Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1 | 7.75 | 7.75 | 10 | 6.97% | 1.00% | 1.00% | 0.83% | 0.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1 | 7.69 | 7.69 | 9 | 4.53% | 1.00% | 1.00% | 15.73% | 15.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1 | 6.64 | 6.64 | 8 | 0.00% | 1.00% | 1.00% | 3.19% | 3.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1 | 6.44 | 6.44 | 8 | 0.00% | 1.00% | 1.00% | 44.75% | 44.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2 | 4.45 | 4.45 | 8 | 0.00% | 1.00% | 1.00% | (0.04)% | (0.04)% |
| T. Rowe Price All-Cap Opportunities Portfolio | T. Rowe Price All-Cap Opportunities Portfolio | T. Rowe Price All-Cap Opportunities Portfolio | T. Rowe Price All-Cap Opportunities Portfolio | T. Rowe Price All-Cap Opportunities Portfolio | T. Rowe Price All-Cap Opportunities Portfolio | T. Rowe Price All-Cap Opportunities Portfolio | T. Rowe Price All-Cap Opportunities Portfolio | T. Rowe Price All-Cap Opportunities Portfolio | T. Rowe Price All-Cap Opportunities Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 267 | 17.39 | 16.06 | 4288 | 0.00% | 0.65% | 1.20% | 15.55% | 14.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 170 | 15.05 | 13.97 | 2338 | 0.09% | 0.65% | 1.20% | 24.34% | 23.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 126 | 12.10 | 11.30 | 1346 | 0.33% | 0.65% | 1.20% | 23.71% | 3.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 64 | 7.85 | 7.85 | 503 | 0.00% | 0.75% | 0.75% | (22.10)% | (22.10)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 12 | 10.08 | 10.08 | 100 | 0.00% | 0.75% | 0.75% | 0.00% | 0.00% |
| T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 5877 | 17.08 | 16.27 | 117230 | 0.00% | 0.30% | 1.30% | 18.08% | 16.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 4187 | 14.47 | 13.92 | 69803 | 0.00% | 0.30% | 1.30% | 34.76% | 33.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2385 | 10.73 | 10.43 | 27838 | 0.00% | 0.30% | 1.30% | 48.51% | 47.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 797 | 7.23 | 7.10 | 5117 | 0.00% | 0.30% | 1.30% | (38.85)% | (39.46)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 235 | 11.82 | 11.72 | 2730 | 0.00% | 0.30% | 1.30% | 13.50% | 12.56% |
| T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3320 | 11.58 | 11.03 | 38922 | 0.00% | 0.30% | 1.30% | 23.11% | 16.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1823 | 10.24 | 9.49 | 18200 | 0.00% | 0.65% | 1.30% | 0.76% | 0.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 781 | 10.16 | 9.48 | 7593 | 0.00% | 0.65% | 1.30% | 7.65% | 1.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 265 | 8.26 | 9.35 | 2400 | 0.00% | 0.75% | 1.30% | (13.34)% | (13.82)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 94 | 10.88 | 10.85 | 1017 | 0.00% | 1.00% | 1.30% | 11.42% | 11.14% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| T. Rowe Price Mid-Cap Growth Portfolio, Class II | T. Rowe Price Mid-Cap Growth Portfolio, Class II | T. Rowe Price Mid-Cap Growth Portfolio, Class II | T. Rowe Price Mid-Cap Growth Portfolio, Class II | T. Rowe Price Mid-Cap Growth Portfolio, Class II | T. Rowe Price Mid-Cap Growth Portfolio, Class II | T. Rowe Price Mid-Cap Growth Portfolio, Class II | T. Rowe Price Mid-Cap Growth Portfolio, Class II | T. Rowe Price Mid-Cap Growth Portfolio, Class II | T. Rowe Price Mid-Cap Growth Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 657 | $12.41 | $12.09 | $8119 | 0.00% | 0.65% | 1.20% | 2.62% | 2.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 391 | 12.10 | 11.85 | 4707 | 0.00% | 0.65% | 1.20% | 8.32% | 7.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 23 | 11.17 | 11.00 | 257 | 0.00% | 0.65% | 1.20% | 8.70% | 11.24% |
| T. Rowe Price Moderate Allocation Portfolio | T. Rowe Price Moderate Allocation Portfolio | T. Rowe Price Moderate Allocation Portfolio | T. Rowe Price Moderate Allocation Portfolio | T. Rowe Price Moderate Allocation Portfolio | T. Rowe Price Moderate Allocation Portfolio | T. Rowe Price Moderate Allocation Portfolio | T. Rowe Price Moderate Allocation Portfolio | T. Rowe Price Moderate Allocation Portfolio | T. Rowe Price Moderate Allocation Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2529 | 13.53 | 13.19 | 34065 | 2.36% | 0.65% | 1.20% | 13.76% | 13.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1864 | 11.90 | 11.66 | 22064 | 2.60% | 0.65% | 1.20% | 9.34% | 8.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 757 | 10.88 | 10.72 | 8171 | 3.26% | 0.65% | 1.20% | 12.48% | 8.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 44 | 8.03 | 8.03 | 351 | 1.12% | 0.75% | 0.75% | (18.93)% | (18.93)% |
| Templeton Developing Markets VIP Fund, Class 2 | Templeton Developing Markets VIP Fund, Class 2 | Templeton Developing Markets VIP Fund, Class 2 | Templeton Developing Markets VIP Fund, Class 2 | Templeton Developing Markets VIP Fund, Class 2 | Templeton Developing Markets VIP Fund, Class 2 | Templeton Developing Markets VIP Fund, Class 2 | Templeton Developing Markets VIP Fund, Class 2 | Templeton Developing Markets VIP Fund, Class 2 | Templeton Developing Markets VIP Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 557 | 15.79 | 15.41 | 9327 | 0.56% | 0.30% | 1.75% | 45.83% | 43.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 723 | 10.83 | 10.72 | 8395 | 4.18% | 0.30% | 1.75% | 7.34% | 8.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 665 | 10.08 | 10.26 | 7270 | 2.46% | 0.30% | 1.65% | 12.29% | 10.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 243 | 8.98 | 9.26 | 2397 | 2.55% | 0.30% | 1.65% | (22.22)% | (23.27)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 223 | 11.55 | 12.07 | 2857 | 1.36% | 0.30% | 1.65% | (6.02)% | (7.29)% |
| Templeton Foreign VIP Fund, Class 2 | Templeton Foreign VIP Fund, Class 2 | Templeton Foreign VIP Fund, Class 2 | Templeton Foreign VIP Fund, Class 2 | Templeton Foreign VIP Fund, Class 2 | Templeton Foreign VIP Fund, Class 2 | Templeton Foreign VIP Fund, Class 2 | Templeton Foreign VIP Fund, Class 2 | Templeton Foreign VIP Fund, Class 2 | Templeton Foreign VIP Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3392 | 19.50 | 13.98 | 61656 | 2.41% | 0.60% | 1.75% | 28.42% | 26.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3588 | 15.19 | 11.01 | 51539 | 2.44% | 0.60% | 1.75% | (1.59)% | (2.74)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 4642 | 15.43 | 11.32 | 67307 | 3.22% | 0.60% | 1.75% | 20.04% | 18.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 5585 | 12.86 | 9.54 | 67901 | 2.71% | 0.60% | 1.75% | (8.16)% | (9.22)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 5308 | 14.00 | 10.51 | 71083 | 2.01% | 0.60% | 1.75% | 3.53% | 2.34% |
| Templeton Global Bond VIP Fund, Class 2 | Templeton Global Bond VIP Fund, Class 2 | Templeton Global Bond VIP Fund, Class 2 | Templeton Global Bond VIP Fund, Class 2 | Templeton Global Bond VIP Fund, Class 2 | Templeton Global Bond VIP Fund, Class 2 | Templeton Global Bond VIP Fund, Class 2 | Templeton Global Bond VIP Fund, Class 2 | Templeton Global Bond VIP Fund, Class 2 | Templeton Global Bond VIP Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 13811 | 9.35 | 8.08 | 147248 | 0.00% | 0.30% | 1.75% | 15.38% | 13.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 16157 | 8.11 | 7.10 | 150067 | 0.00% | 0.30% | 1.75% | (11.64)% | (12.93)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 16993 | 9.17 | 8.16 | 180892 | 0.00% | 0.30% | 1.75% | 2.58% | 1.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 19212 | 8.94 | 8.07 | 200903 | 0.00% | 0.30% | 1.75% | (5.23)% | (6.61)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 22014 | 15.78 | 8.64 | 245408 | 0.00% | 0.60% | 1.75% | (5.56)% | (6.65)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Templeton Growth VIP Fund, Class 2 | Templeton Growth VIP Fund, Class 2 | Templeton Growth VIP Fund, Class 2 | Templeton Growth VIP Fund, Class 2 | Templeton Growth VIP Fund, Class 2 | Templeton Growth VIP Fund, Class 2 | Templeton Growth VIP Fund, Class 2 | Templeton Growth VIP Fund, Class 2 | Templeton Growth VIP Fund, Class 2 | Templeton Growth VIP Fund, Class 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3301 | $22.54 | $19.31 | $72746 | 0.90% | 0.60% | 1.75% | 23.08% | 21.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3893 | 18.31 | 15.87 | 69842 | 0.94% | 0.60% | 1.75% | 4.77% | 3.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 4688 | 17.48 | 15.33 | 80868 | 3.39% | 0.60% | 1.75% | 20.29% | 18.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 5214 | 14.53 | 12.89 | 74950 | 0.15% | 0.60% | 1.75% | (12.03)% | (13.05)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 5600 | 16.52 | 14.83 | 91730 | 1.16% | 0.60% | 1.75% | 4.24% | 3.04% |
| VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class | VanEck VIP Global Resources Fund, Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 0 \* | 47.20 | 47.20 | 6 | 2.54% | 1.40% | 1.40% | 34.58% | 34.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 0 \* | 40.21 | 34.92 | 5 | 3.22% | 1.25% | 1.80% | 5.95% | 5.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 6 | 37.95 | 33.24 | 204 | 2.77% | 1.25% | 1.80% | (4.78)% | (5.31)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 7 | 39.86 | 35.11 | 236 | 1.63% | 1.25% | 1.80% | 7.04% | 6.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 7 | 37.24 | 32.98 | 250 | 0.42% | 1.25% | 1.80% | 17.44% | 16.78% |
| Vanguard VIF Balanced Portfolio | Vanguard VIF Balanced Portfolio | Vanguard VIF Balanced Portfolio | Vanguard VIF Balanced Portfolio | Vanguard VIF Balanced Portfolio | Vanguard VIF Balanced Portfolio | Vanguard VIF Balanced Portfolio | Vanguard VIF Balanced Portfolio | Vanguard VIF Balanced Portfolio | Vanguard VIF Balanced Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 82 | 17.22 | 17.22 | 1420 | 1.86% | 0.30% | 0.30% | 16.11% | 16.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 48 | 14.83 | 14.83 | 710 | 2.43% | 0.30% | 0.30% | 14.46% | 14.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 79 | 12.96 | 12.96 | 1018 | 1.92% | 0.30% | 0.30% | 13.98% | 13.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 71 | 11.37 | 11.37 | 808 | 1.71% | 0.30% | 0.30% | (14.56)% | (14.56)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 63 | 13.31 | 13.31 | 832 | 1.03% | 0.30% | 0.30% | 18.15% | 18.15% |
| Vanguard VIF Capital Growth Portfolio | Vanguard VIF Capital Growth Portfolio | Vanguard VIF Capital Growth Portfolio | Vanguard VIF Capital Growth Portfolio | Vanguard VIF Capital Growth Portfolio | Vanguard VIF Capital Growth Portfolio | Vanguard VIF Capital Growth Portfolio | Vanguard VIF Capital Growth Portfolio | Vanguard VIF Capital Growth Portfolio | Vanguard VIF Capital Growth Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 24 | 22.72 | 22.72 | 536 | 1.06% | 0.30% | 0.30% | 28.59% | 28.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 14 | 17.67 | 17.67 | 255 | 1.17% | 0.30% | 0.30% | 13.07% | 13.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 16 | 15.63 | 15.63 | 256 | 1.20% | 0.30% | 0.30% | 27.60% | 27.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 20 | 12.25 | 12.25 | 249 | 0.98% | 0.30% | 0.30% | (15.74)% | (15.74)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 15 | 14.53 | 14.53 | 219 | 0.81% | 0.30% | 0.30% | 20.63% | 20.63% |
| Vanguard VIF Conservative Allocation Portfolio | Vanguard VIF Conservative Allocation Portfolio | Vanguard VIF Conservative Allocation Portfolio | Vanguard VIF Conservative Allocation Portfolio | Vanguard VIF Conservative Allocation Portfolio | Vanguard VIF Conservative Allocation Portfolio | Vanguard VIF Conservative Allocation Portfolio | Vanguard VIF Conservative Allocation Portfolio | Vanguard VIF Conservative Allocation Portfolio | Vanguard VIF Conservative Allocation Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 141 | 13.16 | 13.16 | 1850 | 2.56% | 0.30% | 0.30% | 12.39% | 12.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 137 | 11.71 | 11.71 | 1599 | 2.72% | 0.30% | 0.30% | 7.17% | 7.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 137 | 10.93 | 10.93 | 1493 | 1.78% | 0.30% | 0.30% | 12.17% | 12.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 123 | 9.74 | 9.74 | 1198 | 1.00% | 0.30% | 0.30% | (15.15)% | (15.15)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 30 | 11.48 | 11.48 | 343 | 0.25% | 0.30% | 0.30% | 4.19% | 4.19% |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | High |  |  | Low | High | Low | High |
| Vanguard VIF Diversified Value Portfolio | Vanguard VIF Diversified Value Portfolio | Vanguard VIF Diversified Value Portfolio | Vanguard VIF Diversified Value Portfolio | Vanguard VIF Diversified Value Portfolio | Vanguard VIF Diversified Value Portfolio | Vanguard VIF Diversified Value Portfolio | Vanguard VIF Diversified Value Portfolio | Vanguard VIF Diversified Value Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 21 | $22.91 | $491 | 1.53% | 0.30% | 0.30% | 16.48% | 16.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 21 | 19.67 | 410 | 1.56% | 0.30% | 0.30% | 14.54% | 14.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 20 | 17.17 | 349 | 0.87% | 0.30% | 0.30% | 19.77% | 19.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 5 | 14.34 | 67 | 0.23% | 0.30% | 0.30% | (11.75)% | (11.75)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 5 | 16.25 | 80 | 0.78% | 0.30% | 0.30% | 18.46% | 18.46% |
| Vanguard VIF Equity Income Portfolio | Vanguard VIF Equity Income Portfolio | Vanguard VIF Equity Income Portfolio | Vanguard VIF Equity Income Portfolio | Vanguard VIF Equity Income Portfolio | Vanguard VIF Equity Income Portfolio | Vanguard VIF Equity Income Portfolio | Vanguard VIF Equity Income Portfolio | Vanguard VIF Equity Income Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 125 | 21.11 | 2644 | 2.30% | 0.30% | 0.30% | 16.45% | 16.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 58 | 18.13 | 1055 | 2.61% | 0.30% | 0.30% | 14.77% | 14.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 49 | 15.79 | 779 | 2.72% | 0.30% | 0.30% | 7.78% | 7.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 51 | 14.65 | 753 | 2.52% | 0.30% | 0.30% | (0.96)% | (0.96)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 44 | 14.80 | 645 | 0.06% | 0.30% | 0.30% | 20.01% | 20.01% |
| Vanguard VIF Equity Index Portfolio | Vanguard VIF Equity Index Portfolio | Vanguard VIF Equity Index Portfolio | Vanguard VIF Equity Index Portfolio | Vanguard VIF Equity Index Portfolio | Vanguard VIF Equity Index Portfolio | Vanguard VIF Equity Index Portfolio | Vanguard VIF Equity Index Portfolio | Vanguard VIF Equity Index Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 223 | 22.83 | 5079 | 0.90% | 0.30% | 0.30% | 17.35% | 17.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 144 | 19.45 | 2795 | 1.26% | 0.30% | 0.30% | 24.47% | 24.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 141 | 15.63 | 2210 | 1.40% | 0.30% | 0.30% | 25.74% | 25.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 110 | 12.43 | 1362 | 0.98% | 0.30% | 0.30% | (18.47)% | (18.47)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 60 | 15.25 | 945 | 0.32% | 0.30% | 0.30% | 27.92% | 27.92% |
| Vanguard VIF Global Bond Index Portfolio | Vanguard VIF Global Bond Index Portfolio | Vanguard VIF Global Bond Index Portfolio | Vanguard VIF Global Bond Index Portfolio | Vanguard VIF Global Bond Index Portfolio | Vanguard VIF Global Bond Index Portfolio | Vanguard VIF Global Bond Index Portfolio | Vanguard VIF Global Bond Index Portfolio | Vanguard VIF Global Bond Index Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 77 | 9.73 | 752 | 2.08% | 0.30% | 0.30% | 5.38% | 5.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 30 | 9.24 | 273 | 2.93% | 0.30% | 0.30% | 1.73% | 1.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 30 | 9.08 | 272 | 1.85% | 0.30% | 0.30% | 6.20% | 6.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 25 | 8.55 | 215 | 1.98% | 0.30% | 0.30% | (13.39)% | (13.39)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 15 | 9.87 | 148 | 0.96% | 0.30% | 0.30% | (2.23)% | (2.23)% |
| Vanguard VIF Growth Portfolio | Vanguard VIF Growth Portfolio | Vanguard VIF Growth Portfolio | Vanguard VIF Growth Portfolio | Vanguard VIF Growth Portfolio | Vanguard VIF Growth Portfolio | Vanguard VIF Growth Portfolio | Vanguard VIF Growth Portfolio | Vanguard VIF Growth Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 236 | 20.15 | 4747 | 0.17% | 0.30% | 0.30% | 16.54% | 16.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 140 | 17.29 | 2424 | 0.26% | 0.30% | 0.30% | 32.73% | 32.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 121 | 13.03 | 1570 | 0.25% | 0.30% | 0.30% | 39.72% | 39.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 100 | 9.32 | 936 | 0.00% | 0.30% | 0.30% | (33.56)% | (33.56)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 55 | 14.03 | 742 | 0.01% | 0.30% | 0.30% | 16.57% | 16.57% |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | High |  |  | Low | High | Low | High |
| Vanguard VIF High Yield Bond Portfolio | Vanguard VIF High Yield Bond Portfolio | Vanguard VIF High Yield Bond Portfolio | Vanguard VIF High Yield Bond Portfolio | Vanguard VIF High Yield Bond Portfolio | Vanguard VIF High Yield Bond Portfolio | Vanguard VIF High Yield Bond Portfolio | Vanguard VIF High Yield Bond Portfolio | Vanguard VIF High Yield Bond Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 19 | $12.90 | $245 | 6.04% | 0.30% | 0.30% | 8.86% | 8.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 17 | 11.85 | 198 | 5.91% | 0.30% | 0.30% | 6.13% | 6.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 18 | 11.16 | 205 | 4.92% | 0.30% | 0.30% | 11.33% | 11.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 17 | 10.03 | 173 | 4.68% | 0.30% | 0.30% | (9.63)% | (9.63)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 13 | 11.10 | 139 | 5.15% | 0.30% | 0.30% | 3.18% | 3.18% |
| Vanguard VIF International Portfolio | Vanguard VIF International Portfolio | Vanguard VIF International Portfolio | Vanguard VIF International Portfolio | Vanguard VIF International Portfolio | Vanguard VIF International Portfolio | Vanguard VIF International Portfolio | Vanguard VIF International Portfolio | Vanguard VIF International Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 103 | 13.34 | 1375 | 0.81% | 0.30% | 0.30% | 19.61% | 19.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 108 | 11.16 | 1202 | 1.13% | 0.30% | 0.30% | 8.68% | 8.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 92 | 10.26 | 943 | 1.56% | 0.30% | 0.30% | 14.31% | 14.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 78 | 8.98 | 701 | 0.98% | 0.30% | 0.30% | (30.33)% | (30.33)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 42 | 12.89 | 547 | 0.06% | 0.30% | 0.30% | (2.27)% | (2.27)% |
| Vanguard VIF Mid-Cap Index Portfolio | Vanguard VIF Mid-Cap Index Portfolio | Vanguard VIF Mid-Cap Index Portfolio | Vanguard VIF Mid-Cap Index Portfolio | Vanguard VIF Mid-Cap Index Portfolio | Vanguard VIF Mid-Cap Index Portfolio | Vanguard VIF Mid-Cap Index Portfolio | Vanguard VIF Mid-Cap Index Portfolio | Vanguard VIF Mid-Cap Index Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 201 | 18.43 | 3701 | 0.98% | 0.30% | 0.30% | 11.21% | 11.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 94 | 16.57 | 1561 | 1.37% | 0.30% | 0.30% | 14.73% | 14.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 83 | 14.44 | 1192 | 1.40% | 0.30% | 0.30% | 15.48% | 15.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 67 | 12.51 | 834 | 1.03% | 0.30% | 0.30% | (19.06)% | (19.06)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 52 | 15.45 | 804 | 0.47% | 0.30% | 0.30% | 23.33% | 23.33% |
| Vanguard VIF Moderate Allocation Portfolio | Vanguard VIF Moderate Allocation Portfolio | Vanguard VIF Moderate Allocation Portfolio | Vanguard VIF Moderate Allocation Portfolio | Vanguard VIF Moderate Allocation Portfolio | Vanguard VIF Moderate Allocation Portfolio | Vanguard VIF Moderate Allocation Portfolio | Vanguard VIF Moderate Allocation Portfolio | Vanguard VIF Moderate Allocation Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 88 | 15.22 | 1337 | 1.77% | 0.30% | 0.30% | 15.84% | 15.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 52 | 13.14 | 688 | 2.52% | 0.30% | 0.30% | 9.99% | 9.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 64 | 11.94 | 763 | 2.03% | 0.30% | 0.30% | 15.20% | 15.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 64 | 10.37 | 660 | 2.21% | 0.30% | 0.30% | (16.18)% | (16.18)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 54 | 12.37 | 664 | 0.71% | 0.30% | 0.30% | 9.50% | 9.50% |
| Vanguard VIF Money Market Portfolio | Vanguard VIF Money Market Portfolio | Vanguard VIF Money Market Portfolio | Vanguard VIF Money Market Portfolio | Vanguard VIF Money Market Portfolio | Vanguard VIF Money Market Portfolio | Vanguard VIF Money Market Portfolio | Vanguard VIF Money Market Portfolio | Vanguard VIF Money Market Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 165 | 11.44 | 1891 | 4.09% | 0.30% | 0.30% | 3.87% | 3.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 143 | 11.01 | 1572 | 5.07% | 0.30% | 0.30% | 4.88% | 4.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 157 | 10.50 | 1650 | 4.92% | 0.30% | 0.30% | 4.67% | 4.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 186 | 10.03 | 1870 | 2.10% | 0.30% | 0.30% | 0.60% | 0.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 33 | 9.97 | 325 | 0.01% | 0.30% | 0.30% | (0.29)% | (0.29)% |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | High |  |  | Low | High | Low | High |
| Vanguard VIF Real Estate Index Portfolio | Vanguard VIF Real Estate Index Portfolio | Vanguard VIF Real Estate Index Portfolio | Vanguard VIF Real Estate Index Portfolio | Vanguard VIF Real Estate Index Portfolio | Vanguard VIF Real Estate Index Portfolio | Vanguard VIF Real Estate Index Portfolio | Vanguard VIF Real Estate Index Portfolio | Vanguard VIF Real Estate Index Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 84 | $13.58 | $1142 | 2.22% | 0.30% | 0.30% | 2.80% | 2.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 48 | 13.21 | 635 | 2.97% | 0.30% | 0.30% | 4.43% | 4.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 41 | 12.65 | 515 | 2.43% | 0.30% | 0.30% | 11.36% | 11.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 29 | 11.36 | 331 | 1.72% | 0.30% | 0.30% | (26.52)% | (26.52)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 19 | 15.46 | 287 | 0.35% | 0.30% | 0.30% | 39.58% | 39.58% |
| Vanguard VIF Short-Term Investment-Grade Portfolio | Vanguard VIF Short-Term Investment-Grade Portfolio | Vanguard VIF Short-Term Investment-Grade Portfolio | Vanguard VIF Short-Term Investment-Grade Portfolio | Vanguard VIF Short-Term Investment-Grade Portfolio | Vanguard VIF Short-Term Investment-Grade Portfolio | Vanguard VIF Short-Term Investment-Grade Portfolio | Vanguard VIF Short-Term Investment-Grade Portfolio | Vanguard VIF Short-Term Investment-Grade Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 291 | 11.17 | 3255 | 3.79% | 0.30% | 0.30% | 6.53% | 6.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 237 | 10.48 | 2483 | 3.38% | 0.30% | 0.30% | 4.58% | 4.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 233 | 10.02 | 2331 | 1.93% | 0.30% | 0.30% | 5.84% | 5.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 167 | 9.47 | 1579 | 1.44% | 0.30% | 0.30% | (6.00)% | (6.00)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 142 | 10.08 | 1430 | 0.19% | 0.30% | 0.30% | (0.82)% | (0.82)% |
| Vanguard VIF Total Bond Market Index Portfolio | Vanguard VIF Total Bond Market Index Portfolio | Vanguard VIF Total Bond Market Index Portfolio | Vanguard VIF Total Bond Market Index Portfolio | Vanguard VIF Total Bond Market Index Portfolio | Vanguard VIF Total Bond Market Index Portfolio | Vanguard VIF Total Bond Market Index Portfolio | Vanguard VIF Total Bond Market Index Portfolio | Vanguard VIF Total Bond Market Index Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 812 | 9.66 | 7838 | 2.53% | 0.30% | 0.30% | 6.62% | 6.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 386 | 9.06 | 3496 | 2.61% | 0.30% | 0.30% | 0.94% | 0.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 295 | 8.97 | 2651 | 2.38% | 0.30% | 0.30% | 5.26% | 5.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 199 | 8.53 | 1701 | 1.58% | 0.30% | 0.30% | (13.47)% | (13.47)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 115 | 9.85 | 1136 | 1.16% | 0.30% | 0.30% | (2.10)% | (2.10)% |
| Vanguard VIF Total International Stock Market Index Portfolio | Vanguard VIF Total International Stock Market Index Portfolio | Vanguard VIF Total International Stock Market Index Portfolio | Vanguard VIF Total International Stock Market Index Portfolio | Vanguard VIF Total International Stock Market Index Portfolio | Vanguard VIF Total International Stock Market Index Portfolio | Vanguard VIF Total International Stock Market Index Portfolio | Vanguard VIF Total International Stock Market Index Portfolio | Vanguard VIF Total International Stock Market Index Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 304 | 17.27 | 5256 | 2.11% | 0.30% | 0.30% | 31.65% | 31.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 146 | 13.11 | 1920 | 2.97% | 0.30% | 0.30% | 4.74% | 4.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 114 | 12.52 | 1432 | 2.83% | 0.30% | 0.30% | 15.20% | 15.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 106 | 10.87 | 1151 | 2.14% | 0.30% | 0.30% | (16.26)% | (16.26)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 42 | 12.98 | 546 | 0.57% | 0.30% | 0.30% | 8.16% | 8.16% |
| Vanguard VIF Total Stock Market Index Portfolio | Vanguard VIF Total Stock Market Index Portfolio | Vanguard VIF Total Stock Market Index Portfolio | Vanguard VIF Total Stock Market Index Portfolio | Vanguard VIF Total Stock Market Index Portfolio | Vanguard VIF Total Stock Market Index Portfolio | Vanguard VIF Total Stock Market Index Portfolio | Vanguard VIF Total Stock Market Index Portfolio | Vanguard VIF Total Stock Market Index Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 362 | 22.09 | 7991 | 1.00% | 0.30% | 0.30% | 16.58% | 16.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 223 | 18.95 | 4225 | 1.30% | 0.30% | 0.30% | 23.34% | 23.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 185 | 15.36 | 2836 | 1.08% | 0.30% | 0.30% | 25.57% | 25.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 153 | 12.23 | 1873 | 0.97% | 0.30% | 0.30% | (19.83)% | (19.83)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 77 | 15.26 | 1179 | 0.74% | 0.30% | 0.30% | 24.83% | 24.83% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units<br>(000's) | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Unit Fair Value<br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Net Assets<br>(000's) | Investment<br>Income<br>Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios | Total Return <sup>(c)</sup><br>Corresponding to the<br>Lowest and Highest<br>Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Western Asset Core Plus VIT Portfolio, Class II | Western Asset Core Plus VIT Portfolio, Class II | Western Asset Core Plus VIT Portfolio, Class II | Western Asset Core Plus VIT Portfolio, Class II | Western Asset Core Plus VIT Portfolio, Class II | Western Asset Core Plus VIT Portfolio, Class II | Western Asset Core Plus VIT Portfolio, Class II | Western Asset Core Plus VIT Portfolio, Class II | Western Asset Core Plus VIT Portfolio, Class II | Western Asset Core Plus VIT Portfolio, Class II |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 501 | $9.11 | $8.98 | $4583 | 4.22% | 1.00% | 1.30% | 6.62% | 6.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 532 | 8.54 | 8.45 | 4566 | 8.81% | 1.00% | 1.30% | (1.86)% | (2.16)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 466 | 8.71 | 8.63 | 4060 | 3.72% | 1.00% | 1.30% | 5.37% | 5.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 421 | 8.26 | 8.22 | 3471 | 2.43% | 1.00% | 1.30% | (18.11)% | (18.35)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 227 | 10.09 | 10.06 | 2287 | 2.05% | 1.00% | 1.30% | (0.29)% | (0.54)% |

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

<sup>(a)</sup> These ratios represent the dividends received by the Subaccount, excluding distributions of capital gains, divided by the daily average net assets. These ratios exclude expenses, such as mortality and expense risk and admin fees, that result in direct reductions in the unit values. The recognition of investment income by the Subaccount is affected by the timing of the declaration of dividends by the underlying mutual fund in which the Subaccounts invest.

<sup>(b)</sup> These ratios represent the annualized Contract expenses of the respective Subaccounts of the Separate Account, consisting primarily of mortality and expense risk and admin fees, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to Contract owner accounts through the redemption of units and expenses of the underlying mutual fund are excluded.

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

7. SUBSEQUENT
 EVENTS

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