# EDGAR Filing Document

**Accession Number:** 0000869627
**File Stem:** 0001104659-26-045729
**Filing Date:** 2026-4
**Character Count:** 171423
**Document Hash:** 97d9c74cc2af4b727de440a4f558e238
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-045729.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0001104659-26-045729

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260421

**EFFECTIVENESS DATE**: 20260421

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MONY VARIABLE ACCOUNT L
- **CENTRAL INDEX KEY:** 0000869627

**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:** 811-06215
- **FILM NUMBER:** 26876756

**BUSINESS ADDRESS:**
- **STREET 1:** PROTECTIVE LIFE INSURANCE COMPANY
- **STREET 2:** 2801 HIGHWAY 280 SOUTH
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35223
- **BUSINESS PHONE:** 2052683109

**MAIL ADDRESS:**
- **STREET 1:** PROTECTIVE LIFE INSURANCE COMPANY
- **STREET 2:** 2801 HIGHWAY 280 SOUTH
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35223

## Series and Classes Contracts Data

### MONY VARIABLE ACCOUNT L (Series ID: S000009934)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000027475 | MONY Variable Universal Life (New York only 333-104156)   |  |
| C000027476 | MONY Variable Universal Life (New York only 333-72590)    |  |
| C000032274 | MONY Survivorship Variable Universal Life (New York only) |  |
| C000032275 | MONY Custom Equity Master (New York only)                 |  |
| C000032276 | MONY Custom Estate Master (New York only)                 |  |
| C000032277 | The MONYEquity Master (New York only)                     |  |
| C000032278 | The Strategist (New York only)                            |  |

*MONY Variable Account L*

*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 MONY Life Insurance Company and Policy Owners of MONY Variable Account L:

*Opinion on the Financial Statements*

We have audited the accompanying statements of assets and liabilities of the subaccounts listed in the Appendix that comprise MONY Variable Account L (the Separate Account), as of December 31, 2025, the related statements of operations for the year then ended, 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 then ended, 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

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

Birmingham, Alabama<br> April 20, 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.

1290 VT GAMCO Small Company Value Portfolio, Class IB

BNY Mellon Stock Index Fund, Inc., Initial Shares

EQ/Aggressive Allocation Portfolio, Class IB

EQ/All Asset Growth Allocation Portfolio, Class IB

EQ/Conservative Allocation Portfolio, Class IB

EQ/Conservative-Plus Allocation Portfolio, Class IB

EQ/Core Plus Bond Portfolio, Class IA

EQ/Intermediate Government Bond Portfolio, Class IA

EQ/JPMorgan Growth Stock Portfolio, Class IB

EQ/Large Cap Growth Managed Volatility Portfolio, Class IB

EQ/Loomis Sayles Growth Portfolio, Class IB

EQ/MFS International Growth Portfolio, Class IB

EQ/Moderate Allocation Portfolio, Class IB

EQ/Moderate-Plus Allocation Portfolio, Class IB

EQ/Money Market Portfolio, Class IA

EQ/Morgan Stanley Small Cap Growth Portfolio, Class IB

EQ/PIMCO Ultra Short Bond Portfolio, Class IB

EQ/Quality Bond PLUS Portfolio, Class IB

EQ/Value Equity Portfolio, Class IB

Fidelity VIP Contrafund Portfolio, Service Class

Franklin Income VIP Fund, Class 2

Franklin Rising Dividends VIP Fund, Class 2

Invesco V.I. Diversified Dividend Fund, Series I

Invesco V.I. Global Core Equity Fund, Series I

Invesco V.I. Global Fund, Series II

Invesco V.I. Health Care Fund, Series I

Invesco V.I. Technology Fund, Series I

Janus Henderson VIT Balanced Portfolio, Institutional Shares

Janus Henderson VIT Enterprise Portfolio, Institutional Shares

Janus Henderson VIT Forty Portfolio, Institutional Shares

Janus Henderson VIT Forty Portfolio, Service Shares

Janus Henderson VIT Global Research Portfolio, Institutional Shares

Janus Henderson VIT Overseas Portfolio, Service Shares

MFS VIT Utilities Series, Initial Class

PIMCO VIT Global Bond Opportunities Portfolio (Unhedged), Administrative 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 June 21, 2024 (date trading commenced) to December 31, 2024.

1290 VT Equity Income Portfolio, Class IB

1290 VT Socially Responsible Portfolio, Class IB

EQ/AB Small Cap Growth Portfolio, Class IB

EQ/Capital Group Research Portfolio, Class IB

EQ/Core Bond Index Portfolio, Class IB

EQ/Global Equity Managed Volatility Portfolio, Class IB

EQ/Janus Enterprise Portfolio, Class IB

EQ/Large Cap Value Index Portfolio, Class IB

EQ/Large Cap Value Managed Volatility Portfolio, Class IB

EQ/Mid Cap Index Portfolio, Class IB

EQ/Mid Cap Value Managed Volatility Portfolio, Class IB

EQ/Small Company Index Portfolio, Class IB

The statement of changes in net assets for the period from January 1, 2024, to June 21, 2024 (date of merger).

1290 VT Equity Income Portfolio, Class IA

1290 VT Socially Responsible Portfolio, Class IA

EQ/AB Small Cap Growth Portfolio, Class IA

EQ/Capital Group Research Portfolio, Class IA

EQ/Core Bond Index Portfolio, Class IA

EQ/Global Equity Managed Volatility Portfolio, Class IA

EQ/Janus Enterprise Portfolio, Class IA

EQ/Large Cap Value Index Portfolio, Class IA

EQ/Large Cap Value Managed Volatility Portfolio, Class IA

EQ/Mid Cap Index Portfolio, Class IA

EQ/Mid Cap Value Managed Volatility Portfolio, Class IA

EQ/Small Company Index Portfolio, Class IA

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | 1290 VT Equity<br> Income Portfolio,<br> Class IB | 1290 VT GAMCO<br> Small Company<br> Value Portfolio,<br> Class IB | 1290 VT Socially<br> Responsible<br> Portfolio, Class IB | BNY Mellon Stock <br> Index Fund, Inc., <br> Initial Shares | EQ/AB Small Cap<br> Growth Portfolio,<br> Class IB | EQ/Aggressive<br> Allocation Portfolio,<br> Class IB | EQ/All Asset<br> Growth Allocation<br> Portfolio, Class IB |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $1548572 | $11492391 | $332307 | $3502155 | $173661 | $274234 | $4864889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Policies |  |  | 16 | 19 |  |  | 2689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 33 | 276 |  |  | 6 | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | 99450 | - | - | - | 7284 | 115439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 1548605 | 11592117 | 332323 | 3502174 | 173667 | 281523 | 4983017 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Policies | 33 | 276 |  |  | 6 | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  | 16 | 19 |  |  | 2689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 22770 | - | 4440 | 29591 | 2755 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 22803 | 276 | 4456 | 29610 | 2761 | 5 | 2689 |
| NET ASSETS | $1525802 | $11591841 | $327867 | $3472564 | $170906 | $281518 | $4980328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $4.90 | $76.23 | $24.68 | $87.15 | $14.80 | $10.58 | $20.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 316035 | 150759 | 13465 | 40185 | 11735 | 25921 | 238008 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $1597959 | $7881380 | $295327 | $2060943 | $185411 | $276196 | $4519236 |

---

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

(Continued)

See accompanying notes to financial statements.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Capital Group<br> Research Portfolio,<br> Class IB | EQ/Conservative<br> Allocation Portfolio,<br> Class IB | EQ/Conservative-Plus<br> Allocation <br> Portfolio, Class IB | EQ/Core Bond <br> Index Portfolio,<br> Class IB | EQ/Core Plus Bond<br> Portfolio, Class IA | EQ/Global Equity<br> Managed Volatility<br> Portfolio, Class IB | EQ/Intermediate<br> Government Bond <br> Portfolio, Class IA |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $4555524 | $17351 | $438 | $1381796 | $210464 | $80873 | $590142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Policies |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 220 |  |  | 67 | 17 | 4 | 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | 4 | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 4555744 | 17351 | 442 | 1381863 | 210481 | 80877 | 590193 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Policies | 220 |  |  | 67 | 17 | 4 | 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 58121 | 284 | - | 14538 | 3453 | 1204 | 6947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 58341 | 284 | - | 14605 | 3470 | 1208 | 6998 |
| NET ASSETS | $4497403 | $17067 | $442 | $1367258 | $207011 | $79669 | $583195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $37.28 | $8.29 | $8.30 | $9.51 | $3.40 | $17.13 | $9.71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 122198 | 2093 | 53 | 145299 | 61901 | 4721 | 60777 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $3371328 | $18820 | $453 | $1438168 | $233216 | $72944 | $611889 |

---

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

(Continued)

See accompanying notes to financial statements.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Janus Enterprise<br> Portfolio, Class IB | EQ/JPMorgan<br> Growth Stock<br> Portfolio, Class IB | EQ/Large Cap<br> Growth Managed<br> Volatility Portfolio,<br> Class IB | EQ/Large Cap Value<br> Index Portfolio,<br> Class IB | EQ/Large Cap Value<br> Managed Volatility<br> Portfolio, Class IB | EQ/Loomis Sayles <br> Growth Portfolio,<br> Class IB | EQ/MFS<br> International Growth<br> Portfolio, Class IB |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $1225832 | $10420231 | $2074269 | $1967217 | $330238 | $9992226 | $2009689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Policies |  |  |  |  |  |  | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 40 | 183 | 86 | 61 | 1 | 283 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | 276363 | - | - | - | - | 29127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 1225872 | 10696777 | 2074355 | 1967278 | 330239 | 9992509 | 2038837 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Policies | 40 | 183 | 86 | 61 | 1 | 283 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 19725 | - | 12481 | 32053 | 5383 | 130753 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 19765 | 183 | 12567 | 32114 | 5384 | 131036 | 21 |
| NET ASSETS | $1206107 | $10696594 | $2061788 | $1935164 | $324855 | $9861473 | $2038816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $20.87 | $70.06 | $32.33 | $11.34 | $18.20 | $12.10 | $8.18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 58737 | 148733 | 64159 | 173476 | 18145 | 825804 | 245683 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $1089674 | $6705651 | $1881048 | $1507073 | $291394 | $7333746 | $1779012 |

---

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

(Continued)

See accompanying notes to financial statements.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Mid Cap Index<br> Portfolio, Class IB | EQ/Mid Cap Value<br> Managed Volatility<br> Portfolio, Class IB | EQ/Moderate<br> Allocation Portfolio,<br> Class IB | EQ/Moderate-Plus<br> Allocation Portfolio, <br> Class IB | EQ/Money Market<br> Portfolio, Class IA | EQ/Morgan Stanley<br> Small Cap Growth<br> Portfolio, Class IB | EQ/PIMCO Ultra <br> Short Bond<br> Portfolio, Class IB |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $866752 | $2029466 | $176211 | $120409 | $2079776 | $1144119 | $268260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Policies |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 27 | 47 | 3 | 2 | 39 | 44 | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | 987 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 866779 | 2029513 | 176214 | 121398 | 2079815 | 1144163 | 268282 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Policies | 27 | 47 | 3 | 2 | 39 | 44 | 22 |
| &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 | 14077 | 30490 | 761 | - | 282552 | 16986 | 4369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 14104 | 30537 | 764 | 2 | 282591 | 17030 | 4391 |
| NET ASSETS | $852675 | $1998976 | $175450 | $121396 | $1797224 | $1127133 | $263891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $16.00 | $15.28 | $12.12 | $9.65 | $1.00 | $9.34 | $9.87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 54172 | 132818 | 14539 | 12478 | 2079776 | 122497 | 27179 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $710293 | $1863031 | $192457 | $128720 | $2080966 | $1372023 | $269581 |

---

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

(Continued)

See accompanying notes to financial statements.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Quality Bond <br> PLUS Portfolio,<br> Class IB | EQ/Small Company Index Portfolio, Class IB | EQ/Value Equity<br> Portfolio, Class IB | Fidelity VIP<br> Contrafund<br> Portfolio, Service <br> Class | Franklin Income VIP<br> Fund, Class 2 | Franklin Rising<br> Dividends VIP Fund,<br> Class 2 | Invesco V.I.<br> Diversified Dividend<br> Fund, Series I |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $480301 | $168212 | $211959 | $5357370 | $1298175 | $169022 | $155936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Policies |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 8 | 2 | 2 | 114 | 75 | 2 | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 480309 | 168214 | 211961 | 5357484 | 1298250 | 169024 | 155972 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Policies | 8 | 2 | 2 | 114 | 75 | 2 | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 1967 | 2760 | 3477 | 19237 | 21113 | 2773 | 2480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 1975 | 2762 | 3479 | 19351 | 21188 | 2775 | 2516 |
| NET ASSETS | $478334 | $165452 | $208482 | $5338133 | $1277062 | $166249 | $153456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $7.78 | $12.39 | $24.07 | $59.33 | $15.16 | $28.04 | $27.22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 61735 | 13576 | 8806 | 90298 | 85632 | 6028 | 5729 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $524982 | $150522 | $169097 | $3544859 | $1240152 | $149181 | $126728 |

---

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

(Continued)

See accompanying notes to financial statements.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Global<br> Core Equity Fund, <br> Series I | Invesco V.I. Global<br> Fund, Series II | Invesco V.I. Health<br> Care Fund, Series I | Invesco V.I.<br> Technology Fund, <br> Series I | Janus Henderson<br> VIT Balanced<br> Portfolio,<br> Institutional Shares | Janus Henderson<br> VIT Enterprise<br> Portfolio,<br> Institutional Shares | Janus Henderson<br> VIT Forty Portfolio,<br> Institutional Shares |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $134793 | $633126 | $280298 | $26506 | $1004791 | $2613294 | $2002367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Policies | 3 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager |  | 6 | 9 |  | 17 | 47 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | 37611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 134796 | 633132 | 280307 | 26506 | 1004808 | 2613341 | 2039993 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Policies |  | 6 | 9 |  | 17 | 47 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager | 3 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 2202 | 10388 | 4503 | 398 | 13328 | 15232 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 2205 | 10394 | 4512 | 398 | 13345 | 15279 | 15 |
| NET ASSETS | $132591 | $622738 | $275795 | $26108 | $991463 | $2598062 | $2039978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $11.79 | $36.30 | $29.89 | $25.69 | $55.86 | $83.58 | $59.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 11433 | 17441 | 9378 | 1032 | 17988 | 31267 | 33699 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $101291 | $605245 | $247329 | $20045 | $603890 | $1964814 | $1379287 |

---

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

(Continued)

See accompanying notes to financial statements.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Janus Henderson<br> VIT Forty Portfolio,<br> Service Shares | Janus Henderson<br> VIT Global<br> Research Portfolio,<br> Institutional Shares | Janus Henderson<br> VIT Overseas<br> Portfolio, Service <br> Shares | MFS VIT Utilities<br> Series, Initial Class | PIMCO VIT Global <br> Bond Opportunities<br> Portfolio<br> (Unhedged),<br> Administrative Class |
| ASSETS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $695965 | $2563498 | $510389 | $314639 | $229320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Policies |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 107 | 78 | 10 | 10 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 696072 | 2563576 | 510399 | 314649 | 229337 |
| LIABILITIES: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Policies | 107 | 78 | 10 | 10 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the fund manager |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 11184 | 248 | 8185 | 5096 | 3736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 11291 | 326 | 8195 | 5106 | 3753 |
| NET ASSETS | $684781 | $2563250 | $502204 | $309543 | $225584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $51.87 | $79.67 | $53.02 | $37.73 | $9.96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 13417 | 32176 | 9626 | 8339 | 23024 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $524602 | $1489588 | $342839 | $253055 | $264448 |

---

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

(Concluded)

See accompanying notes to financial statements.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | 1290 VT Equity<br> Income Portfolio,<br> Class IB | 1290 VT GAMCO<br> Small Company<br> Value Portfolio,<br> Class IB | 1290 VT Socially<br> Responsible<br> Portfolio, Class IB | BNY Mellon Stock<br> Index Fund, Inc.,<br> Initial Shares | EQ/AB Small Cap<br> Growth Portfolio,<br> Class IB | EQ/Aggressive<br> Allocation Portfolio,<br> Class IB | EQ/All Asset<br> Growth Allocation<br> Portfolio, Class IB |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $32655 | $69405 | $1149 | $35048 | $248 | $3764 | $102659 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | 8358 | 69946 | 2044 | 21649 | 1047 | 1812 | 33297 |
| NET INVESTMENT INCOME (LOSS) | 24297 | (541) | (895) | 13399 | (799) | 1952 | 69362 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | (3166) | 251802 | 2751 | 249506 | (379) | (113) | 23506 |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | 123458 | 690524 | 23852 | 205925 | 16483 | 23976 | 249215 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 120292 | 942326 | 26603 | 455431 | 16104 | 23863 | 272721 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 31405 | 326880 | 22439 | 35346 | (1491) | 4215 | 362092 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 151697 | 1269206 | 49042 | 490777 | 14613 | 28078 | 634813 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $175994 | $1268665 | $48147 | $504176 | $13814 | $30030 | $704175 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Capital Group<br> Research Portfolio,<br> Class IB | EQ/Conservative<br> Allocation Portfolio,<br> Class IB | EQ/Conservative-Plus<br> Allocation <br> Portfolio, Class IB | EQ/Core Bond<br> Index Portfolio,<br> Class IB | EQ/Core Plus Bond<br> Portfolio, Class IA | EQ/Global Equity<br> Managed Volatility<br> Portfolio, Class IB | EQ/Intermediate<br> Government Bond<br> Portfolio, Class IA |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $19274 | $523 | $12 | $40994 | $10680 | $627 | $17748 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | 26217 | 111 | 4 | 7900 | 1160 | 530 | 3110 |
| NET INVESTMENT INCOME (LOSS) | (6943) | 412 | 8 | 33094 | 9520 | 97 | 14638 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 146854 | (180) | (6) | (2583) | (1163) | 2208 | (1380) |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | 359413 | 448 | 28 | - | - | 7874 | - |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 506267 | 268 | 22 | (2583) | (1163) | 10082 | (1380) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 282698 | 658 | 5 | 46360 | 7191 | 3586 | 14867 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 788965 | 926 | 27 | 43777 | 6028 | 13668 | 13487 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $782022 | $1338 | $35 | $76871 | $15548 | $13765 | $28125 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Janus Enterprise<br> Portfolio, Class IB | EQ/JPMorgan<br> Growth Stock<br> Portfolio, Class IB | EQ/Large Cap<br> Growth Managed<br> Volatility Portfolio,<br> Class IB | EQ/Large Cap Value<br> Index Portfolio,<br> Class IB | EQ/Large Cap Value<br> Managed Volatility<br> Portfolio, Class IB | EQ/Loomis Sayles <br> Growth Portfolio,<br> Class IB | EQ/MFS<br> International Growth<br> Portfolio, Class IB |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $- | $- | $1952 | $22861 | $4366 | $- | $18272 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk | 6008 | 71685 | 12018 | 9028 | 1568 | 54673 | 13076 |
| NET INVESTMENT INCOME (LOSS) | (6008) | (71685) | (10066) | 13833 | 2798 | (54673) | 5196 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 19984 | 340562 | 19174 | 88314 | 2498 | 256931 | 28336 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 107213 | 1565251 | 288502 | 108755 | 26730 | 758372 | 166219 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 127197 | 1905813 | 307676 | 197069 | 29228 | 1015303 | 194555 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (32579) | (511348) | (102915) | 44364 | (1298) | 203182 | 155878 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 94618 | 1394465 | 204761 | 241433 | 27930 | 1218485 | 350433 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $88610 | $1322780 | $194695 | $255266 | $30728 | $1163812 | $355629 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Mid Cap Index<br> Portfolio, Class IB | EQ/Mid Cap Value<br> Managed Volatility<br> Portfolio, Class IB | EQ/Moderate<br> Allocation Portfolio,<br> Class IB | EQ/Moderate-Plus<br> Allocation Portfolio,<br> Class IB | EQ/Money Market<br> Portfolio, Class IA | EQ/Morgan Stanley<br> Small Cap Growth<br> Portfolio, Class IB | EQ/PIMCO Ultra <br> Short Bond<br> Portfolio, Class IB |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $7084 | $23592 | $4118 | $2238 | $75214 | $3162 | $10912 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | 4370 | 10591 | 949 | 1111 | 12147 | 7212 | 1360 |
| NET INVESTMENT INCOME (LOSS) | 2714 | 13001 | 3169 | 1127 | 63067 | (4050) | 9552 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 4931 | 13379 | (466) | (5077) | (226) | (46306) | 290 |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | 50930 | 139876 | 9839 | 9013 | 11 | - | - |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 55861 | 153255 | 9373 | 3936 | (215) | (46306) | 290 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (7449) | (81788) | 2902 | 14557 | (1305) | 136342 | 357 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 48412 | 71467 | 12275 | 18493 | (1520) | 90036 | 647 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $51126 | $84468 | $15444 | $19620 | $61547 | $85986 | $10199 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Quality Bond <br> PLUS Portfolio,<br> Class IB | EQ/Small Company<br> Index Portfolio,<br> Class IB | EQ/Value Equity<br> Portfolio, Class IB | Fidelity VIP<br> Contrafund<br> Portfolio, Service<br> Class | Franklin Income VIP<br> Fund, Class 2 | Franklin Rising<br> Dividends VIP Fund,<br> Class 2 | Invesco V.I.<br> Diversified Dividend<br> Fund, Series I |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $16579 | $1351 | $3024 | $2560 | $61872 | $1307 | $2384 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | 2739 | 536 | 706 | 34255 | 6211 | 561 | 940 |
| NET INVESTMENT INCOME (LOSS) | 13840 | 815 | 2318 | (31695) | 55661 | 746 | 1444 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | (2168) | 310 | 931 | 351322 | 222 | 472 | 835 |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | - | 5485 | 5113 | 823938 | 13005 | 15653 | 11397 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (2168) | 5795 | 6044 | 1175260 | 13227 | 16125 | 12232 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 14500 | 11860 | 12070 | (154527) | 71136 | 544 | 6708 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 12332 | 17655 | 18114 | 1020733 | 84363 | 16669 | 18940 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $26172 | $18470 | $20432 | $989038 | $140024 | $17415 | $20384 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Global <br> Core Equity Fund,<br> Series I | Invesco V.I. Global<br> Fund, Series II | Invesco V.I. Health<br> Care Fund, Series I | Invesco V.I.<br> Technology Fund, <br> Series I | Janus Henderson<br> VIT Balanced<br> Portfolio,<br> Institutional Shares | Janus Henderson<br> VIT Enterprise<br> Portfolio,<br> Institutional Shares | Janus Henderson<br> VIT Forty Portfolio,<br> Institutional Shares |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $1779 | $- | $- | $- | $20614 | $5487 | $1382 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | 868 | 2051 | 1698 | 157 | 6503 | 17918 | 12966 |
| NET INVESTMENT INCOME (LOSS) | 911 | (2051) | (1698) | (157) | 14111 | (12431) | (11584) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 4851 | 2194 | 2352 | 493 | 95150 | 90708 | 44505 |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | 8806 | 115362 | 10796 | 2810 | 35046 | 210028 | 228142 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 13657 | 117556 | 13148 | 3303 | 130196 | 300736 | 272647 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 4042 | (34282) | 25560 | 1313 | (2041) | (108167) | 44315 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 17699 | 83274 | 38708 | 4616 | 128155 | 192569 | 316962 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $18610 | $81223 | $37010 | $4459 | $142266 | $180138 | $305378 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF OPERATIONS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Janus Henderson<br> VIT Forty Portfolio,<br> Service Shares | Janus Henderson<br> VIT Global<br> Research Portfolio,<br> Institutional Shares | Janus Henderson<br> VIT Overseas<br> Portfolio, Service <br> Shares | MFS VIT Utilities<br> Series, Initial Class | PIMCO VIT Global <br> Bond Opportunities<br> Portfolio<br> (Unhedged),<br> Administrative Class |
| INVESTMENT INCOME: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $2 | $13877 | $6111 | $8640 | $9798 |
| EXPENSES: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk | 3664 | 14729 | 2132 | 1243 | 1025 |
| NET INVESTMENT INCOME (LOSS) | (3662) | (852) | 3979 | 7397 | 8773 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 12828 | 99098 | 4009 | 2030 | (1896) |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | 86946 | 207534 | - | 3951 | - |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 99774 | 306632 | 4009 | 5981 | (1896) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 6794 | 131765 | 103845 | 26823 | 17810 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 106568 | 438397 | 107854 | 32804 | 15914 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $102906 | $437545 | $111833 | $40201 | $24687 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | 1290 VT Equity<br> Income Portfolio,<br> Class IB | 1290 VT GAMCO<br> Small Company<br> Value Portfolio,<br> Class IB | 1290 VT Socially<br> Responsible<br> Portfolio, Class IB | BNY Mellon Stock<br> Index Fund, Inc.,<br> Initial Shares | EQ/AB Small Cap <br> Growth Portfolio,<br> Class IB | EQ/Aggressive<br> Allocation Portfolio,<br> Class IB | EQ/All Asset<br> Growth Allocation<br> Portfolio, Class IB |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $24297 | $(541) | $(895) | $13399 | $(799) | $1952 | $69362 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 120292 | 942326 | 26603 | 455431 | 16104 | 23863 | 272721 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 31405 | 326880 | 22439 | 35346 | (1491) | 4215 | 362092 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 175994 | 1268665 | 48147 | 504176 | 13814 | 30030 | 704175 |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Policy owners' net payments | 69399 | 185590 | 41371 | 58152 | 3682 | 5736 | 210152 |
| &nbsp;&nbsp;&nbsp;Policy maintenance charges | (1702) | (9795) | (642) | (3464) | (272) | (528) | (9130) |
| &nbsp;&nbsp;&nbsp;Policy owners' benefits | (150620) | (448985) | (5512) | (398518) | (18) | (16118) | (197854) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (95832) | (361429) | (61508) | 5575 | (6496) | 12404 | (215160) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (178755) | (634619) | (26291) | (338255) | (3104) | 1494 | (211992) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (2761) | 634046 | 21856 | 165921 | 10710 | 31524 | 492183 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1528563 | 10957795 | 306011 | 3306643 | 160196 | 249994 | 4488145 |
| &nbsp;&nbsp;&nbsp;End of period | $1525802 | $11591841 | $327867 | $3472564 | $170906 | $281518 | $4980328 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Capital Group<br> Research Portfolio,<br> Class IB | EQ/Conservative<br> Allocation Portfolio,<br> Class IB | EQ/Conservative-Plus<br> Allocation <br> Portfolio, Class IB | EQ/Core Bond<br> Index Portfolio,<br> Class IB | EQ/Core Plus Bond<br> Portfolio, Class IA | EQ/Global Equity<br> Managed Volatility<br> Portfolio, Class IB | EQ/Intermediate<br> Government Bond <br> Portfolio, Class IA |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(6943) | $412 | $8 | $33094 | $9520 | $97 | $14638 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 506267 | 268 | 22 | (2583) | (1163) | 10082 | (1380) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 282698 | 658 | 5 | 46360 | 7191 | 3586 | 14867 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 782022 | 1338 | 35 | 76871 | 15548 | 13765 | 28125 |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Policy owners' net payments | 83404 | 8259 | 473 | 74066 | 7966 | 3982 | 39209 |
| &nbsp;&nbsp;&nbsp;Policy maintenance charges | (4856) | (62) | (12) | (2355) | (279) | (233) | (1365) |
| &nbsp;&nbsp;&nbsp;Policy owners' benefits | (442334) | (1504) |  | (22296) | (84) | (15783) | (19897) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (90671) | (12834) | (547) | (81201) | (13461) | (3666) | (25541) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (454457) | (6141) | (86) | (31786) | (5858) | (15700) | (7594) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 327565 | (4803) | (51) | 45085 | 9690 | (1935) | 20531 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 4169838 | 21870 | 493 | 1322173 | 197321 | 81604 | 562664 |
| &nbsp;&nbsp;&nbsp;End of period | $4497403 | $17067 | $442 | $1367258 | $207011 | $79669 | $583195 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Janus Enterprise<br> Portfolio, Class IB | EQ/JPMorgan<br> Growth Stock<br> Portfolio, Class IB | EQ/Large Cap<br> Growth Managed<br> Volatility Portfolio,<br> Class IB | EQ/Large Cap Value<br> Index Portfolio,<br> Class IB | EQ/Large Cap Value<br> Managed Volatility<br> Portfolio, Class IB | EQ/Loomis Sayles <br> Growth Portfolio,<br> Class IB | EQ/MFS<br> International Growth<br> Portfolio, Class IB |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(6008) | $(71685) | $(10066) | $13833 | $2798 | $(54673) | $5196 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 127197 | 1905813 | 307676 | 197069 | 29228 | 1015303 | 194555 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (32579) | (511348) | (102915) | 44364 | (1298) | 203182 | 155878 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 88610 | 1322780 | 194695 | 255266 | 30728 | 1163812 | 355629 |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Policy owners' net payments | 22742 | 174823 | 30772 | 41514 | 6319 | 159820 | 54856 |
| &nbsp;&nbsp;&nbsp;Policy maintenance charges | (1320) | (9417) | (1869) | (2000) | (422) | (10468) | (2298) |
| &nbsp;&nbsp;&nbsp;Policy owners' benefits | (67922) | (413299) | (78275) | (61622) | (1046) | (543192) | (87265) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (51918) | (312121) | (68925) | (71980) | (23275) | (256963) | (101443) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (98418) | (560014) | (118297) | (94088) | (18424) | (650803) | (136150) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (9808) | 762766 | 76398 | 161178 | 12304 | 513009 | 219479 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1215915 | 9933828 | 1985390 | 1773986 | 312551 | 9348464 | 1819337 |
| &nbsp;&nbsp;&nbsp;End of period | $1206107 | $10696594 | $2061788 | $1935164 | $324855 | $9861473 | $2038816 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Mid Cap Index<br> Portfolio, Class IB | EQ/Mid Cap Value<br> Managed Volatility<br> Portfolio, Class IB | EQ/Moderate<br> Allocation Portfolio,<br> Class IB | EQ/Moderate-Plus<br> Allocation Portfolio, <br> Class IB | EQ/Money Market<br> Portfolio, Class IA | EQ/Morgan Stanley<br> Small Cap Growth<br> Portfolio, Class IB | EQ/PIMCO Ultra <br> Short Bond<br> Portfolio, Class IB |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $2714 | $13001 | $3169 | $1127 | $63067 | $(4050) | $9552 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 55861 | 153255 | 9373 | 3936 | (215) | (46306) | 290 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (7449) | (81788) | 2902 | 14557 | (1305) | 136342 | 357 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 51126 | 84468 | 15444 | 19620 | 61547 | 85986 | 10199 |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Policy owners' net payments | 17928 | 54031 | 2992 | 27903 | 168611 | 33377 | 23889 |
| &nbsp;&nbsp;&nbsp;Policy maintenance charges | (985) | (2511) | (255) | (336) | (3557) | (2311) | (787) |
| &nbsp;&nbsp;&nbsp;Policy owners' benefits | (5422) | (65724) |  | (113184) | (207572) | (168878) | (1173) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (25206) | (81023) | (4272) | (59829) | (157257) | (60273) | (22959) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (13685) | (95227) | (1535) | (145446) | (199775) | (198085) | (1030) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 37441 | (10759) | 13909 | (125826) | (138228) | (112099) | 9169 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 815234 | 2009735 | 161541 | 247222 | 1935452 | 1239232 | 254722 |
| &nbsp;&nbsp;&nbsp;End of period | $852675 | $1998976 | $175450 | $121396 | $1797224 | $1127133 | $263891 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Quality Bond<br> PLUS Portfolio,<br> Class IB | EQ/Small Company<br> Index Portfolio,<br> Class IB | EQ/Value Equity<br> Portfolio, Class IB | Fidelity VIP<br> Contrafund<br> Portfolio, Service <br> Class | Franklin Income VIP<br> Fund, Class 2 | Franklin Rising<br> Dividends VIP Fund, <br> Class 2 | Invesco V.I.<br> Diversified Dividend<br> Fund, Series I |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $13840 | $815 | $2318 | $(31695) | $55661 | $746 | $1444 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (2168) | 5795 | 6044 | 1175260 | 13227 | 16125 | 12232 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 14500 | 11860 | 12070 | (154527) | 71136 | 544 | 6708 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 26172 | 18470 | 20432 | 989038 | 140024 | 17415 | 20384 |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Policy owners' net payments | 29123 | 3562 | 3048 | 100322 | 38621 | 3756 | 4520 |
| &nbsp;&nbsp;&nbsp;Policy maintenance charges | (1006) | (279) | (243) | (4663) | (2115) | (258) | (183) |
| &nbsp;&nbsp;&nbsp;Policy owners' benefits | (9950) |  |  | (678121) | (36031) |  | (1325) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (22715) | (5219) | (4973) | (115733) | (44517) | (4910) | (3998) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (4548) | (1936) | (2168) | (698195) | (44042) | (1412) | (986) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 21624 | 16534 | 18264 | 290843 | 95982 | 16003 | 19398 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 456710 | 148918 | 190218 | 5047290 | 1181080 | 150246 | 134058 |
| &nbsp;&nbsp;&nbsp;End of period | $478334 | $165452 | $208482 | $5338133 | $1277062 | $166249 | $153456 |

---

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.

**MONY VARIABLE ACCOUNT L**

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<br> Core Equity Fund, <br> Series I | Invesco V.I. Global <br> Fund, Series II | Invesco V.I. Health<br> Care Fund, Series I | Invesco V.I.<br> Technology Fund, <br> Series I | Janus Henderson<br> VIT Balanced<br> Portfolio,<br> Institutional Shares | Janus Henderson<br> VIT Enterprise<br> Portfolio,<br> Institutional Shares | Janus Henderson<br> VIT Forty Portfolio,<br> Institutional Shares |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $911 | $(2051) | $(1698) | $(157) | $14111 | $(12431) | $(11584) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 13657 | 117556 | 13148 | 3303 | 130196 | 300736 | 272647 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 4042 | (34282) | 25560 | 1313 | (2041) | (108167) | 44315 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 18610 | 81223 | 37010 | 4459 | 142266 | 180138 | 305378 |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Policy owners' net payments | 1800 | 8601 | 7725 | 920 | 25739 | 70534 | 24786 |
| &nbsp;&nbsp;&nbsp;Policy maintenance charges | (159) | (701) | (285) | (68) | (1272) | (2400) | (2058) |
| &nbsp;&nbsp;&nbsp;Policy owners' benefits | (11976) |  | (25367) |  | (220991) | (225370) | (109756) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (4745) | (17234) | (9860) | (2711) | (31180) | (163506) | (46376) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (15080) | (9334) | (27787) | (1859) | (227704) | (320742) | (133404) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 3530 | 71889 | 9223 | 2600 | (85438) | (140604) | 171974 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 129061 | 550849 | 266572 | 23508 | 1076901 | 2738666 | 1868004 |
| &nbsp;&nbsp;&nbsp;End of period | $132591 | $622738 | $275795 | $26108 | $991463 | $2598062 | $2039978 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Janus Henderson<br> VIT Forty Portfolio,<br> Service Shares | Janus Henderson<br> VIT Global<br> Research Portfolio,<br> Institutional Shares | Janus Henderson<br> VIT Overseas<br> Portfolio, Service<br> Shares | MFS VIT Utilities<br> Series, Initial Class | PIMCO VIT Global<br> Bond Opportunities<br> Portfolio<br> (Unhedged),<br> Administrative Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(3662) | $(852) | $3979 | $7397 | $8773 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 99774 | 306632 | 4009 | 5981 | (1896) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 6794 | 131765 | 103845 | 26823 | 17810 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 102906 | 437545 | 111833 | 40201 | 24687 |
| POLICY TRANSACTIONS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Policy owners' net payments | 11702 | 76323 | 19430 | 8113 | 16704 |
| &nbsp;&nbsp;&nbsp;Policy maintenance charges | (909) | (2020) | (799) | (609) | (634) |
| &nbsp;&nbsp;&nbsp;Policy owners' benefits | (41186) | (185884) |  | (5872) | (88) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (16505) | (2323) | (21968) | (7221) | (11669) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (46898) | (113904) | (3337) | (5589) | 4313 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 56008 | 323641 | 108496 | 34612 | 29000 |
| NET ASSETS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 628773 | 2239609 | 393708 | 274931 | 196584 |
| &nbsp;&nbsp;&nbsp;End of period | $684781 | $2563250 | $502204 | $309543 | $225584 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | 1290 VT Equity<br> Income Portfolio,<br> Class IA | 1290 VT Equity<br> Income Portfolio,<br> Class IB | 1290 VT GAMCO <br> Small Company<br> Value Portfolio,<br> Class IB | 1290 VT Socially<br> Responsible<br> Portfolio, Class IA | 1290 VT Socially<br> Responsible<br> Portfolio, Class IB | BNY Mellon Stock <br> Index Fund, Inc., <br> Initial Shares | EQ/AB Small Cap<br> Growth Portfolio,<br> Class IA |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(46) | $23218 | $(5704) | $(914) | $104 | $17426 | $(524) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 610 | 129000 | 1100237 | 173860 | 17536 | 339943 | (1843) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 235 | (15873) | 11036 | (133046) | 4976 | 333379 | 17255 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 799 | 136345 | 1105569 | 39900 | 22616 | 690748 | 14888 |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Policy owners' net payments | 12574 | 60036 | 224755 | 30459 | 26730 | 71615 | 1917 |
| &nbsp;&nbsp;&nbsp;Policy maintenance charges | (27) | (1823) | (10685) | (320) | (421) | (3676) | (145) |
| &nbsp;&nbsp;&nbsp;Policy owners' benefits |  | (36771) | (369988) | (19) | (42400) | (222333) | (1174) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (28548) | (87688) | (480802) | (341796) | 275865 | (158852) | (184081) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (16001) | (66246) | (636720) | (311676) | 259774 | (313246) | (183483) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (15202) | 70099 | 468849 | (271776) | 282390 | 377502 | (168595) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 15202 | 1458464 | 10488946 | 271776 | 23621 | 2929141 | 168595 |
| &nbsp;&nbsp;&nbsp;End of period | $- | $1528563 | $10957795 | $- | $306011 | $3306643 | $- |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/AB Small Cap <br> Growth Portfolio,<br> Class IB | EQ/Aggressive<br> Allocation Portfolio,<br> Class IB | EQ/All Asset<br> Growth Allocation<br> Portfolio, Class IB | EQ/Capital Group<br> Research Portfolio,<br> Class IA | EQ/Capital Group<br> Research Portfolio,<br> Class IB | EQ/Conservative<br> Allocation Portfolio, <br> Class IB | EQ/Conservative-Plus<br> Allocation <br> Portfolio, Class IB |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(100) | $3417 | $68891 | $(10449) | $51783 | $543 | $11 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 15487 | 12588 | 113574 | 18523 | 513948 | 97 | 29 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (10268) | 13849 | 244358 | (492042) | 901498 | 360 | (14) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 5119 | 29854 | 426823 | (483968) | 1467229 | 1000 | 26 |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Policy owners' net payments | 2588 | 6798 | 202533 | 50235 | 44298 | 10198 | 455 |
| &nbsp;&nbsp;&nbsp;Policy maintenance charges | (158) | (537) | (9582) | (2384) | (2552) | (71) | (12) |
| &nbsp;&nbsp;&nbsp;Policy owners' benefits | (10688) | (34447) | (222898) | (30165) | (46192) |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 163335 | (3410) | (234785) | (2914404) | 2707055 | (13628) | (552) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | 155077 | (31596) | (264732) | (2896718) | 2702609 | (3501) | (109) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 160196 | (1742) | 162091 | (3380686) | 4169838 | (2501) | (83) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | - | 251736 | 4326054 | 3380686 | - | 24371 | 576 |
| &nbsp;&nbsp;&nbsp;End of period | $160196 | $249994 | $4488145 | $- | $4169838 | $21870 | $493 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Core Bond<br> Index Portfolio,<br> Class IA | EQ/Core Bond<br> Index Portfolio,<br> Class IB | EQ/Core Plus Bond<br> Portfolio, Class IA | EQ/Global Equity<br> Managed Volatility<br> Portfolio, Class IA | EQ/Global Equity<br> Managed Volatility<br> Portfolio, Class IB | EQ/Intermediate<br> Government Bond <br> Portfolio, Class IA | EQ/Janus Enterprise<br> Portfolio, Class IA |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(3662) | $28760 | $9225 | $(284) | $782 | $11133 | $(2839) |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | (2649) | (2299) | (1464) | 1620 | 10174 | (3061) | 6270 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 106788 | (102732) | (10551) | (6647) | 4343 | 2654 | (120085) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 100477 | (76271) | (2790) | (5311) | 15299 | 10726 | (116654) |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Policy owners' net payments | 41856 | 40876 | 9401 | 3791 | 2179 | 42649 | 14772 |
| &nbsp;&nbsp;&nbsp;Policy maintenance charges | (1221) | (1268) | (304) | (124) | (135) | (1479) | (701) |
| &nbsp;&nbsp;&nbsp;Policy owners' benefits | (6404) | (17436) | (3010) |  | (3322) | (22710) | (17680) |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (1448242) | 1376272 | (6636) | (86441) | 67583 | (38867) | (1012041) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (1414011) | 1398444 | (549) | (82774) | 66305 | (20407) | (1015650) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (1313534) | 1322173 | (3339) | (88085) | 81604 | (9681) | (1132304) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 1313534 | - | 200660 | 88085 | - | 572345 | 1132304 |
| &nbsp;&nbsp;&nbsp;End of period | $- | $1322173 | $197321 | $- | $81604 | $562664 | $- |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Janus Enterprise<br> Portfolio, Class IB | EQ/JPMorgan<br> Growth Stock<br> Portfolio, Class IB | EQ/Large Cap<br> Growth Managed<br> Volatility Portfolio,<br> Class IB | EQ/Large Cap Value<br> Index Portfolio,<br> Class IA | EQ/Large Cap Value<br> Index Portfolio,<br> Class IB | EQ/Large Cap Value<br> Managed Volatility<br> Portfolio, Class IA | EQ/Large Cap Value<br> Managed Volatility<br> Portfolio, Class IB |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(3155) | $(66279) | $(5164) | $(5568) | $27413 | $(686) | $4107 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 103540 | 878686 | 264777 | 13107 | 236972 | 1278 | 31905 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 168737 | 1708063 | 216875 | (411680) | 415780 | (38979) | 40143 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 269122 | 2520470 | 476488 | (404141) | 680165 | (38387) | 76155 |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Policy owners' net payments | 15077 | 192806 | 42293 | 40211 | 25968 | 3196 | 2908 |
| &nbsp;&nbsp;&nbsp;Policy maintenance charges | (735) | (10029) | (2028) | (1050) | (1106) | (212) | (225) |
| &nbsp;&nbsp;&nbsp;Policy owners' benefits | (9652) | (503746) | (63836) | (4643) | (565524) |  |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 942103 | (334583) | (116961) | (1711939) | 1634483 | (241304) | 233713 |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | 946793 | (655552) | (140532) | (1677421) | 1093821 | (238320) | 236396 |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 1215915 | 1864918 | 335956 | (2081562) | 1773986 | (276707) | 312551 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | - | 8068910 | 1649434 | 2081562 | - | 276707 | - |
| &nbsp;&nbsp;&nbsp;End of period | $1215915 | $9933828 | $1985390 | $- | $1773986 | $- | $312551 |

---

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.

**MONY VARIABLE ACCOUNT L**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Loomis Sayles <br> Growth Portfolio,<br> Class IB | EQ/MFS<br> International Growth<br> Portfolio, Class IB | EQ/Mid Cap Index<br> Portfolio, Class IA | EQ/Mid Cap Index<br> Portfolio, Class IB | EQ/Mid Cap Value<br> Managed Volatility<br> Portfolio, Class IA | EQ/Mid Cap Value<br> Managed Volatility<br> Portfolio, Class IB | EQ/Moderate<br> Allocation Portfolio,<br> Class IB |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) | $(47510) | $1327 | $(2028) | $4899 | $(4965) | $22478 | $3441 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 1781927 | 117694 | 6280 | 58894 | 10598 | 241141 | 5970 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 672600 | 19899 | (136343) | 163908 | (309831) | 248222 | 1731 |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 2407017 | 138920 | (132091) | 227701 | (304198) | 511841 | 11142 |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Policy owners' net payments | 178669 | 62828 | 9758 | 9917 | 32167 | 32875 | 2963 |
| &nbsp;&nbsp;&nbsp;Policy maintenance charges | (10513) | (2450) | (526) | (558) | (1340) | (1392) | (256) |
| &nbsp;&nbsp;&nbsp;Policy owners' benefits | (197632) | (60034) | (17072) | (24499) | (20064) | (42458) |  |
| &nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (411356) | (97242) | (630841) | 602673 | (1561413) | 1508869 | (4635) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (440832) | (96898) | (638681) | 587533 | (1550650) | 1497894 | (1928) |
| &nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 1966185 | 42022 | (770772) | 815234 | (1854848) | 2009735 | 9214 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Beginning of period | 7382279 | 1777315 | 770772 | - | 1854848 | - | 152327 |
| &nbsp;&nbsp;&nbsp;End of period | $9348464 | $1819337 | $- | $815234 | $- | $2009735 | $161541 |

---

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.

---

| |
|:---|
| **MONY VARIABLE ACCOUNT L** |
| STATEMENTS OF CHANGES IN NET ASSETS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Moderate-Plus<br> Allocation Portfolio, <br> Class IB | EQ/Money Market<br> Portfolio,<br> Class IA | EQ/Morgan Stanley<br> Small Cap Growth<br> Portfolio,<br> Class IB | EQ/PIMCO Ultra <br> Short Bond<br> Portfolio,<br> Class IB | EQ/Quality Bond<br> PLUS Portfolio,<br> Class IB | EQ/Small Company<br> Index Portfolio,<br> Class IA | EQ/Small Company<br> Index Portfolio,<br> Class IB |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $4415 | $85903 | $(6592) | $10280 | $11193 | $(233) | $1611 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 9627 | 557 | (68321) | 276 | (5386) | 37 | 9296 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 12206 | (121) | 292421 | 2698 | (324) | (1787) | 5830 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 26248 | 86339 | 217508 | 13254 | 5483 | (1983) | 16737 |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Policy owners' net payments | 37214 | 160046 | 36679 | 25697 | 27441 | 1840 | 1787 |
| &nbsp;&nbsp;&nbsp;&nbsp;Policy maintenance charges | (473) | (3946) | (2373) | (838) | (1055) | (139) | (148) |
| &nbsp;&nbsp;&nbsp;&nbsp;Policy owners' benefits | (17678) | (100232) | (59809) | (2648) | (38165) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (76492) | (249356) | (95272) | (35038) | (13036) | (137549) | 130542 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (57429) | (193488) | (120775) | (12827) | (24815) | (135848) | 132181 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (31181) | (107149) | 96733 | 427 | (19332) | (137831) | 148918 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 278403 | 2042601 | 1142499 | 254295 | 476042 | 137831 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $247222 | $1935452 | $1239232 | $254722 | $456710 | $- | $148918 |

---

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.

---

| |
|:---|
| **MONY VARIABLE ACCOUNT L** |
| STATEMENTS OF CHANGES IN NET ASSETS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | EQ/Value Equity<br> Portfolio,<br> Class IB | Fidelity VIP<br> Contrafund Portfolio, Service <br> Class | Franklin Income VIP<br> Fund,<br> Class 2 | Franklin Rising<br> Dividends VIP Fund,<br> Class 2 | Invesco V.I.<br> Diversified Dividend<br> Fund, <br> Series I | Invesco V.I. Global<br> Core Equity Fund,<br> Series I | Invesco V.I. Global<br> Fund, <br> Series II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $1228 | $(29486) | $55461 | $1025 | $1655 | $620 | $(1927) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 8549 | 995759 | 3778 | 8758 | 5940 | 2110 | 36074 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 2821 | 458692 | 16923 | 5307 | 7552 | 15677 | 42021 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 12598 | 1424965 | 76162 | 15090 | 15147 | 18407 | 76168 |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Policy owners' net payments | 3189 | 121888 | 42619 | 3699 | 4013 | 2042 | 9083 |
| &nbsp;&nbsp;&nbsp;&nbsp;Policy maintenance charges | (255) | (4831) | (2238) | (275) | (189) | (165) | (726) |
| &nbsp;&nbsp;&nbsp;&nbsp;Policy owners' benefits |  | (571214) | (19987) | (5338) | (909) |  | (2565) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (6917) | (357065) | (64639) | (4874) | (3794) | (4339) | (20249) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (3983) | (811222) | (44245) | (6788) | (879) | (2462) | (14457) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 8615 | 613743 | 31917 | 8302 | 14268 | 15945 | 61711 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 181603 | 4433547 | 1149163 | 141944 | 119790 | 113116 | 489138 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $190218 | $5047290 | $1181080 | $150246 | $134058 | $129061 | $550849 |

---

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.

---

| |
|:---|
| **MONY VARIABLE ACCOUNT L** |
| STATEMENTS OF CHANGES IN NET ASSETS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I. Health<br> Care Fund,<br> Series I | Invesco V.I.<br> Technology Fund,<br> Series I | Janus Henderson<br> VIT Balanced<br> Portfolio,<br> Institutional<br> Shares | Janus Henderson<br> VIT Enterprise<br> Portfolio,<br> Institutional<br> Shares | Janus Henderson<br> VIT Forty Portfolio,<br> Institutional<br> Shares | Janus Henderson<br> VIT Forty Portfolio,<br> Service<br> Shares | Janus Henderson<br> VIT Global<br> Research Portfolio,<br> Institutional<br> Shares |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(1912) | $(142) | $15647 | $2195 | $(10146) | $(3332) | $2636 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 970 | 1226 | 28288 | 145813 | 138376 | 44224 | 169432 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 10727 | 5151 | 102048 | 221184 | 285447 | 99637 | 274577 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 9785 | 6235 | 145983 | 369192 | 413677 | 140529 | 446645 |
| POLICY TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Policy owners' net payments | 10002 | 877 | 28301 | 65401 | 23231 | 12848 | 98525 |
| &nbsp;&nbsp;&nbsp;&nbsp;Policy maintenance charges | (349) | (68) | (1396) | (2637) | (2126) | (970) | (2115) |
| &nbsp;&nbsp;&nbsp;&nbsp;Policy owners' benefits | (2099) |  | (4883) | (32681) | (36910) | (13496) | (123996) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (15771) | (2565) | (80694) | (150446) | (98315) | (16599) | (144665) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (8217) | (1756) | (58672) | (120363) | (114120) | (18217) | (172251) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 1568 | 4479 | 87311 | 248829 | 299557 | 122312 | 274394 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 265004 | 19029 | 989590 | 2489837 | 1568447 | 506461 | 1965215 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $266572 | $23508 | $1076901 | $2738666 | $1868004 | $628773 | $2239609 |

---

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.

---

| |
|:---|
| **MONY VARIABLE ACCOUNT L** |
| STATEMENTS OF CHANGES IN NET ASSETS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Janus Henderson<br> VIT Overseas<br> Portfolio, Service <br> Shares | MFS VIT Utilities <br> Series,<br> Initial Class | PIMCO VIT Global <br> Bond Opportunities<br> Portfolio<br> (Unhedged),<br> Administrative<br> Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |
| OPERATIONS: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $3455 | $5304 | $6448 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 8620 | 11804 | (6876) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 9465 | 12644 | (1431) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 21540 | 29752 | (1859) |
| POLICY TRANSACTIONS: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Policy owners' net payments | 19231 | 11721 | 20113 |
| &nbsp;&nbsp;&nbsp;&nbsp;Policy maintenance charges | (804) | (669) | (668) |
| &nbsp;&nbsp;&nbsp;&nbsp;Policy owners' benefits | (10742) | (21588) | (12082) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (36275) | (8784) | (19761) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Policy transactions | (28590) | (19320) | (12398) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (7050) | 10432 | (14257) |
| NET ASSETS: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 400758 | 264499 | 210841 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $393708 | $274931 | $196584 |

---

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.

MONY VARIABLE ACCOUNT L

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

------

1. ORGANIZATION

The MONY Variable Account L (the "Separate Account"), a segregated unit investment trust registered under the Investment Company Act of 1940, as amended, was established by MONY Life Insurance Company, and exists in accordance with the regulations of the New York Department of Financial Services. MONY Life Insurance Company was acquired by AXA Financial, Inc., which made MONY Life Insurance Company a wholly owned subsidiary of AXA Financial, Inc. MONY Life Insurance Company was later acquired by Protective Life Insurance Company (the "Company"), which made MONY Life Insurance Company a wholly owned subsidiary of Protective Life Insurance Company. Protective Life Insurance Company 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 life policies (the "Policies") 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 life insurance Policies; 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 Policy owners based on the number and value of their 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 – Protection 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.

Policy owners may allocate some or all of the applicable net payments or transfer some or all of the Policy 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.

Policy owners' net payments are allocated to the Subaccounts in accordance with Policy owner instructions and are recorded as Policy owners' net payments in the Statements of Changes in Net Assets. Such amounts are used to provide account funds to pay Policy values under the Policies. New Policies are no longer being sold under the products in the Separate Account, but owners of existing Policies may make additional deposits.

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

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;MONY Custom Equity Master | MONY Survivorship VUL |
| &nbsp;&nbsp;&nbsp;MONY Custom Estate Master | MONY VUL I |
| &nbsp;&nbsp;&nbsp;MONY Equity Master | MONY VUL II |
| &nbsp;&nbsp;&nbsp;MONY Strategist |  |

---

For the years or periods ended December 31, 2025 and 2024, the Separate Account offered up to 59 available Subaccount investment options, as follows:

1290 VT Equity Income Portfolio, Class IA <sup>(a)</sup>

1290 VT Equity Income Portfolio, Class IB <sup>(a)</sup>

1290 VT GAMCO Small Company Value Portfolio, Class IB

1290 VT Socially Responsible Portfolio, Class IA <sup>(a)</sup>

1290 VT Socially Responsible Portfolio, Class IB <sup>(a)</sup>

BNY Mellon Stock Index Fund, Inc., Initial Shares

EQ/AB Small Cap Growth Portfolio, Class IA <sup>(a)</sup>

EQ/AB Small Cap Growth Portfolio, Class IB <sup>(a)</sup>

EQ/Aggressive Allocation Portfolio, Class IB

EQ/All Asset Growth Allocation Portfolio, Class IB

EQ/Capital Group Research Portfolio, Class IA <sup>(a)</sup>

EQ/Capital Group Research Portfolio, Class IB <sup>(a)</sup>

EQ/Conservative Allocation Portfolio, Class IB

EQ/Conservative-Plus Allocation Portfolio, Class IB

EQ/Core Bond Index Portfolio, Class IA <sup>(a)</sup>

EQ/Core Bond Index Portfolio, Class IB <sup>(a)</sup>

EQ/Core Plus Bond Portfolio, Class IA

EQ/Global Equity Managed Volatility Portfolio, Class IA <sup>(a)</sup>

EQ/Global Equity Managed Volatility Portfolio, Class IB <sup>(a)</sup>

EQ/Intermediate Government Bond Portfolio, Class IA

EQ/Janus Enterprise Portfolio, Class IA <sup>(a)</sup>

EQ/Janus Enterprise Portfolio, Class IB <sup>(a)</sup>

EQ/JPMorgan Growth Stock Portfolio, Class IB

EQ/Large Cap Growth Managed Volatility Portfolio, Class IB

EQ/Large Cap Value Index Portfolio, Class IA <sup>(a)</sup>

EQ/Large Cap Value Index Portfolio, Class IB <sup>(a)</sup>

EQ/Large Cap Value Managed Volatility Portfolio, Class IA <sup>(a)</sup>

EQ/Large Cap Value Managed Volatility Portfolio, Class IB <sup>(a)</sup>

EQ/Loomis Sayles Growth Portfolio, Class IB

EQ/MFS International Growth Portfolio, Class IB

EQ/Mid Cap Index Portfolio, Class IA <sup>(a)</sup>

EQ/Mid Cap Index Portfolio, Class IB <sup>(a)</sup>

EQ/Mid Cap Value Managed Volatility Portfolio, Class IA <sup>(a)</sup>

EQ/Mid Cap Value Managed Volatility Portfolio, Class IB <sup>(a)</sup>

EQ/Moderate Allocation Portfolio, Class IB

EQ/Moderate-Plus Allocation Portfolio, Class IB

EQ/Money Market Portfolio, Class IA

EQ/Morgan Stanley Small Cap Growth Portfolio, Class IB

EQ/PIMCO Ultra Short Bond Portfolio, Class IB

EQ/Quality Bond PLUS Portfolio, Class IB

EQ/Small Company Index Portfolio, Class IA <sup>(a)</sup>

EQ/Small Company Index Portfolio, Class IB <sup>(a)</sup>

EQ/Value Equity Portfolio, Class IB

Fidelity VIP Contrafund Portfolio, Service Class

Franklin Income VIP Fund, Class 2

Franklin Rising Dividends VIP Fund, Class 2

Invesco V.I. Diversified Dividend Fund, Series I

Invesco V.I. Global Core Equity Fund, Series I

Invesco V.I. Global Fund, Series II

Invesco V.I. Health Care Fund, Series I

Invesco V.I. Technology Fund, Series I

Janus Henderson VIT Balanced Portfolio, Institutional Shares

Janus Henderson VIT Enterprise Portfolio, Institutional Shares

Janus Henderson VIT Forty Portfolio, Institutional Shares

Janus Henderson VIT Forty Portfolio, Service Shares

Janus Henderson VIT Global Research Portfolio, Institutional Shares

Janus Henderson VIT Overseas Portfolio, Service Shares

MFS VIT Utilities Series, Initial Class

PIMCO VIT Global Bond Opportunities Portfolio (Unhedged), Administrative Class

 

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

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

During 2024, the following Subaccount commenced trading:

---

| | |
|:---|:---|
| Subaccount Name | Date Trading Commenced |
| 1290 VT Equity Income Portfolio, Class IB | June 21, 2024 |
| 1290 VT Socially Responsible Portfolio, Class IB | June 21, 2024 |
| EQ/AB Small Cap Growth Portfolio, Class IB | June 21, 2024 |
| EQ/Capital Group Research Portfolio, Class IB | June 21, 2024 |
| EQ/Core Bond Index Portfolio, Class IB | June 21, 2024 |
| EQ/Global Equity Managed Volatility Portfolio, Class IB | June 21, 2024 |
| EQ/Janus Enterprise Portfolio, Class IB | June 21, 2024 |
| EQ/Large Cap Value Index Portfolio, Class IB | June 21, 2024 |
| EQ/Large Cap Value Managed Volatility Portfolio, Class IB | June 21, 2024 |
| EQ/Mid Cap Index Portfolio, Class IB | June 21, 2024 |
| EQ/Mid Cap Value Managed Volatility Portfolio, Class IB | June 21, 2024 |
| EQ/Small Company Index Portfolio, Class IB | June 21, 2024 |

---

Subaccount Changes: Mergers

During 2024, the following Subaccounts were merged:

---

| | | |
|:---|:---|:---|
| Original Subaccount | Merged Into | Date of Merger |
| 1290 VT Equity Income Portfolio, Class IA | 1290 VT Equity Income Portfolio, Class IB | June 21, 2024 |
| 1290 VT Socially Responsible Portfolio, Class IA | 1290 VT Socially Responsible Portfolio, Class IB | June 21, 2024 |
| EQ/AB Small Cap Growth Portfolio, Class IA | EQ/AB Small Cap Growth Portfolio, Class IB | June 21, 2024 |
| EQ/Capital Group Research Portfolio, Class IA | EQ/Capital Group Research Portfolio, Class IB | June 21, 2024 |
| EQ/Core Bond Index Portfolio, Class IA | EQ/Core Bond Index Portfolio, Class IB | June 21, 2024 |
| EQ/Global Equity Managed Volatility Portfolio, Class IA | EQ/Global Equity Managed Volatility Portfolio, Class IB | June 21, 2024 |
| EQ/Janus Enterprise Portfolio, Class IA | EQ/Janus Enterprise Portfolio, Class IB | June 21, 2024 |
| EQ/Large Cap Value Index Portfolio, Class IA | EQ/Large Cap Value Index Portfolio, Class IB | June 21, 2024 |
| EQ/Large Cap Value Managed Volatility Portfolio, Class IA | EQ/Large Cap Value Managed Volatility Portfolio, Class IB | June 21, 2024 |
| EQ/Mid Cap Index Portfolio, Class IA | EQ/Mid Cap Index Portfolio, Class IB | June 21, 2024 |
| EQ/Mid Cap Value Managed Volatility Portfolio, Class IA | EQ/Mid Cap Value Managed Volatility Portfolio, Class IB | June 21, 2024 |
| EQ/Small Company Index Portfolio, Class IA | EQ/Small Company Index Portfolio, Class IB | June 21, 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 Policies and the fund manager</u>

Receivables and payables from (to) the Policies and the fund manager include trading activity initiated at the Policy 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>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 a weighted average cost basis) 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 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 Policies, 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 Policies.

<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 |
| 1290 VT Equity Income Portfolio, Class IB | $214075 | $243796 |
| 1290 VT GAMCO Small Company Value Portfolio, Class IB | 848121 | 786201 |
| 1290 VT Socially Responsible Portfolio, Class IB | 37337 | 40475 |
| BNY Mellon Stock Index Fund, Inc., Initial Shares | 350664 | 736428 |
| EQ/AB Small Cap Growth Portfolio, Class IB | 18709 | 5980 |
| EQ/Aggressive Allocation Portfolio, Class IB | 50083 | 23333 |
| EQ/All Asset Growth Allocation Portfolio, Class IB | 456556 | 356982 |
| EQ/Capital Group Research Portfolio, Class IB | 424378 | 521985 |
| EQ/Conservative Allocation Portfolio, Class IB | 11035 | 16397 |
| EQ/Conservative-Plus Allocation Portfolio, Class IB | 495 | 544 |
| EQ/Core Bond Index Portfolio, Class IB | 86615 | 84524 |
| EQ/Core Plus Bond Portfolio, Class IA | 15969 | 12172 |
| EQ/Global Equity Managed Volatility Portfolio, Class IB | 11274 | 19059 |
| EQ/Intermediate Government Bond Portfolio, Class IA | 50876 | 43733 |
| EQ/Janus Enterprise Portfolio, Class IB | 135945 | 133457 |
| EQ/JPMorgan Growth Stock Portfolio, Class IB | 1656930 | 740383 |
| EQ/Large Cap Growth Managed Volatility Portfolio, Class IB | 305516 | 143835 |
| EQ/Large Cap Value Index Portfolio, Class IB | 696138 | 665181 |
| EQ/Large Cap Value Managed Volatility Portfolio, Class IB | 35401 | 24136 |
| EQ/Loomis Sayles Growth Portfolio, Class IB | 881772 | 825762 |
| EQ/MFS International Growth Portfolio, Class IB | 224133 | 193081 |
| EQ/Mid Cap Index Portfolio, Class IB | 66223 | 25741 |
| EQ/Mid Cap Value Managed Volatility Portfolio, Class IB | 190199 | 132860 |
| EQ/Moderate Allocation Portfolio, Class IB | 16969 | 5337 |
| EQ/Moderate-Plus Allocation Portfolio, Class IB | 18019 | 155033 |
| EQ/Money Market Portfolio, Class IA | 820719 | 794329 |
| EQ/Morgan Stanley Small Cap Growth Portfolio, Class IB | 24060 | 228164 |
| EQ/PIMCO Ultra Short Bond Portfolio, Class IB | 30604 | 21963 |
| EQ/Quality Bond PLUS Portfolio, Class IB | 38245 | 28444 |
| EQ/Small Company Index Portfolio, Class IB | 9487 | 4866 |
| EQ/Value Equity Portfolio, Class IB | 10465 | 4923 |
| Fidelity VIP Contrafund Portfolio, Service Class | 936089 | 838427 |
| Franklin Income VIP Fund, Class 2 | 94358 | 68291 |
| Franklin Rising Dividends VIP Fund, Class 2 | 19737 | 4503 |
| Invesco V.I. Diversified Dividend Fund, Series I | 16451 | 4289 |
| Invesco V.I. Global Core Equity Fund, Series I | 12094 | 17420 |
| Invesco V.I. Global Fund, Series II | 121028 | 15927 |
| Invesco V.I. Health Care Fund, Series I | 14026 | 32616 |
| Invesco V.I. Technology Fund, Series I | 2926 | 2092 |
| Janus Henderson VIT Balanced Portfolio, Institutional Shares | 66513 | 246915 |
| Janus Henderson VIT Enterprise Portfolio, Institutional Shares | 240401 | 366866 |
| Janus Henderson VIT Forty Portfolio, Institutional Shares | 239220 | 156709 |
| Janus Henderson VIT Forty Portfolio, Service Shares | 93475 | 56216 |
| Janus Henderson VIT Global Research Portfolio, Institutional Shares | 335268 | 239647 |
| Janus Henderson VIT Overseas Portfolio, Service Shares | 19066 | 16701 |

---

---

| | | |
|:---|:---|:---|
| Subaccount | Purchases | Sales |
| MFS VIT Utilities Series, Initial Class | $18695 | $12394 |
| PIMCO VIT Global Bond Opportunities Portfolio (Unhedged), Administrative Class | 23683 | 10139 |

---

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:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase<br> (Decrease) | Units <br> Issued | Units<br> Redeemed | Net Increase<br> (Decrease) |
| 1290 VT Equity Income Portfolio, Class IA |  |  |  | 451 | 966 | (515) |
| 1290 VT Equity Income Portfolio, Class IB | 3124 | 8039 | (4915) | 4274 | 4594 | (320) |
| 1290 VT GAMCO Small Company Value Portfolio, Class IB | 750 | 5589 | (4839) | 1429 | 6536 | (5107) |
| 1290 VT Socially Responsible Portfolio, Class IA |  |  |  | 443 | 10361 | (9918) |
| 1290 VT Socially Responsible Portfolio, Class IB | 1078 | 3279 | (2201) | 33336 | 6705 | 26631 |
| BNY Mellon Stock Index Fund, Inc., Initial Shares | 1802 | 13239 | (11437) | 5318 | 6315 | (997) |
| EQ/AB Small Cap Growth Portfolio, Class IA |  |  |  | 15 | 4190 | (4175) |
| EQ/AB Small Cap Growth Portfolio, Class IB | 46 | 106 | (60) | 3720 | 214 | 3506 |
| EQ/Aggressive Allocation Portfolio, Class IB | 943 | 892 | 51 | 475 | 1978 | (1503) |
| EQ/All Asset Growth Allocation Portfolio, Class IB | 3127 | 9649 | (6522) | 3238 | 11761 | (8523) |
| EQ/Capital Group Research Portfolio, Class IA |  |  |  | 495 | 91442 | (90947) |
| EQ/Capital Group Research Portfolio, Class IB | 872 | 8319 | (7447) | 90113 | 2981 | 87132 |
| EQ/Conservative Allocation Portfolio, Class IB | 698 | 1126 | (428) | 748 | 1001 | (253) |
| EQ/Conservative-Plus Allocation Portfolio, Class IB | 27 | 32 | (5) | 27 | 34 | (7) |
| EQ/Core Bond Index Portfolio, Class IA |  |  |  | 1914 | 94583 | (92669) |
| EQ/Core Bond Index Portfolio, Class IB | 3054 | 5124 | (2070) | 94731 | 3192 | 91539 |
| EQ/Core Plus Bond Portfolio, Class IA | 346 | 693 | (347) | 862 | 926 | (64) |
| EQ/Global Equity Managed Volatility Portfolio, Class IA |  |  |  | 54 | 1581 | (1527) |
| EQ/Global Equity Managed Volatility Portfolio, Class IB | 42 | 264 | (222) | 1392 | 128 | 1264 |
| EQ/Intermediate Government Bond Portfolio, Class IA | 2241 | 2709 | (468) | 2469 | 3929 | (1460) |
| EQ/Janus Enterprise Portfolio, Class IA |  |  |  | 187 | 25893 | (25706) |
| EQ/Janus Enterprise Portfolio, Class IB | 497 | 2647 | (2150) | 24955 | 745 | 24210 |
| EQ/JPMorgan Growth Stock Portfolio, Class IB | 1326 | 9803 | (8477) | 2448 | 13375 | (10927) |
| EQ/Large Cap Growth Managed Volatility Portfolio, Class IB | 252 | 2176 | (1924) | 591 | 3050 | (2459) |
| EQ/Large Cap Value Index Portfolio, Class IA |  |  |  | 782 | 56882 | (56100) |
| EQ/Large Cap Value Index Portfolio, Class IB | 13259 | 15308 | (2049) | 56144 | 14385 | 41759 |
| EQ/Large Cap Value Managed Volatility Portfolio, Class IA |  |  |  | 69 | 9016 | (8947) |
| EQ/Large Cap Value Managed Volatility Portfolio, Class IB | 127 | 667 | (540) | 9253 | 345 | 8908 |
| EQ/Loomis Sayles Growth Portfolio, Class IB | 1814 | 10981 | (9167) | 1437 | 8646 | (7209) |
| EQ/MFS International Growth Portfolio, Class IB | 1282 | 5968 | (4686) | 1092 | 4142 | (3050) |
| EQ/Mid Cap Index Portfolio, Class IA |  |  |  | 81 | 16577 | (16496) |
| EQ/Mid Cap Index Portfolio, Class IB | 154 | 399 | (245) | 15968 | 483 | 15485 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 |
| Subaccount | Units <br> Issued | Units <br> Redeemed | Net Increase<br> (Decrease) | Units <br> Issued | Units<br> Redeemed | Net Increase<br> (Decrease) |
| EQ/Mid Cap Value Managed Volatility Portfolio, Class IA |  |  |  | 1788 | 52911 | (51123) |
| EQ/Mid Cap Value Managed Volatility Portfolio, Class IB | 671 | 3060 | (2389) | 51790 | 1924 | 49866 |
| EQ/Moderate Allocation Portfolio, Class IB | 164 | 238 | (74) | 183 | 286 | (103) |
| EQ/Moderate-Plus Allocation Portfolio, Class IB | 314 | 6994 | (6680) | 972 | 3798 | (2826) |
| EQ/Money Market Portfolio, Class IA | 63968 | 66488 | (2520) | 69534 | 86001 | (16467) |
| EQ/Morgan Stanley Small Cap Growth Portfolio, Class IB | 1179 | 11906 | (10727) | 1552 | 8585 | (7033) |
| EQ/PIMCO Ultra Short Bond Portfolio, Class IB | 1342 | 1402 | (60) | 1309 | 2249 | (940) |
| EQ/Quality Bond PLUS Portfolio, Class IB | 1115 | 1333 | (218) | 1358 | 2571 | (1213) |
| EQ/Small Company Index Portfolio, Class IA |  |  |  | 18 | 2932 | (2914) |
| EQ/Small Company Index Portfolio, Class IB | 51 | 79 | (28) | 2878 | 36 | 2842 |
| EQ/Value Equity Portfolio, Class IB | 55 | 100 | (45) | 67 | 166 | (99) |
| Fidelity VIP Contrafund Portfolio, Service Class | 1189 | 9056 | (7867) | 658 | 11307 | (10649) |
| Franklin Income VIP Fund, Class 2 | 690 | 2530 | (1840) | 830 | 2619 | (1789) |
| Franklin Rising Dividends VIP Fund, Class 2 | 44 | 62 | (18) | 44 | 153 | (109) |
| Invesco V.I. Diversified Dividend Fund, Series I | 119 | 148 | (29) | 102 | 138 | (36) |
| Invesco V.I. Global Core Equity Fund, Series I | 51 | 551 | (500) | 50 | 135 | (85) |
| Invesco V.I. Global Fund, Series II | 89 | 216 | (127) | 137 | 367 | (230) |
| Invesco V.I. Health Care Fund, Series I | 74 | 699 | (625) | 124 | 312 | (188) |
| Invesco V.I. Technology Fund, Series I | 2 | 32 | (30) | 2 | 35 | (33) |
| Janus Henderson VIT Balanced Portfolio, Institutional Shares | 209 | 4570 | (4361) | 333 | 1548 | (1215) |
| Janus Henderson VIT Enterprise Portfolio, Institutional Shares | 627 | 8398 | (7771) | 649 | 3350 | (2701) |
| Janus Henderson VIT Forty Portfolio, Institutional Shares | 134 | 1945 | (1811) | 167 | 2064 | (1897) |
| Janus Henderson VIT Forty Portfolio, Service Shares | 56 | 470 | (414) | 89 | 241 | (152) |
| Janus Henderson VIT Global Research Portfolio, Institutional Shares | 3847 | 8121 | (4274) | 1993 | 9038 | (7045) |
| Janus Henderson VIT Overseas Portfolio, Service Shares | 294 | 329 | (35) | 376 | 1106 | (730) |
| MFS VIT Utilities Series, Initial Class | 77 | 141 | (64) | 152 | 417 | (265) |
| PIMCO VIT Global Bond Opportunities Portfolio (Unhedged), Administrative Class | 670 | 433 | 237 | 839 | 1446 | (607) |

---

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

---

| | |
|:---|:---|
| 5. | EXPENSES AND RELATED PARTY TRANSACTIONS |
|  | The fees and charges below are the current expenses deducted by Subaccount from either the net unit value or the Policy as a redemption of units. Fees and charges may vary based on factors such as the product purchased, face amount, gender, age at issue of the insured, age at issue of the joint insured, insurance rate classification and smoking status, death benefit option selected, insured's age at time of face increase, and/or age of the Policy. 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 Policies in accordance with the terms which govern each life insurance policy, as set forth in the Policy. |
|  | The minimum and maximum Policy expenses offered by the Company may not directly equate to the minimum and maximum expenses by Subaccount in the Financial Hightlights footnote as Policy owners across all products offered may not have invested in all available products during the current year. |

---

---

| | |
|:---|:---|
| **Expense Type** | **Range** |
| **Mortality and Expense Risk Fee** |  |
| 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 in the Statements of Operations. | a daily fee amounting to a per annum aggregate of 0.35% - 0.75% of the unit value of each Subaccount |
| **Deductions for State Premium Taxes** |  |
| This deduction is to comply with any applicable state premium and/or retaliatory taxes. The mandated amount is deducted from each premium payment when it is processed; this deduction in turn reduces Policy owners' net payments on the Statements of Changes in Net Assets. The Company reserves the right to increase or decrease the charge for taxes due to any change in tax law. | 0.00% - 0.80% of each premium payment |
| **Deductions for Federal Premium Taxes** |  |
| This deduction is to reimburse the Company for federal tax expenses. The amount is deducted from each premium payment when it is processed; this deduction in turn reduces Policy owners' net payments on the Statements of Changes in Net Assets. The Company reserves the right to increase or decrease the charge for taxes due to any change in tax law or due to any change in costs incurred by the Company. | 0.00% - 1.50% of each premium payment |
| **Monthly Administrative Charge** |  |
| This charge is assessed to reimburse the Company for expenses incurred in the administration of the Policy and the Separate Account. The charge is deducted monthly, assessed through a redemption of units, and recorded as Policy maintenance charges within the Statements of Changes in Net Assets. | up to $7.50 |
| **Sales Charge** |  |
| This charge is assessed to reimburse the Company for expenses incurred associated with the sales and distribution of the Policies. The charge is assessed on each premium payment received, deducted through a redemption of units, and recorded as Policy maintenance charges within the Statements of Changes in Net Assets. | 0.00% - 6.00% of each premium payment received |

---

---

| | |
|:---|:---|
| **Expense Type** | **Range** |
| **Loan Interest Rate Spread** |  |
| The loan interest rate spread is the difference between the amount of interest charged on outstanding loan balances and the amount of interest credited to amounts held in the guaranteed account that secures the loans. The deduction is withdrawn annually, assessed through a redemption of units, and recorded net Policy owners' benefits within the Statements of Changes in Net Assets. | 0.00% - 0.60% of the loan balance |
| **Partial Surrender Charge** |  |
| This charge is assessed to reimburse the Company for the costs incurred when processing partial surrenders. The charge is deducted at surrender, assessed through a redemption of units, and recorded net with Policy owners' benefits within the Statements of Changes in Net Assets. | $10 - $25 per partial surrender |
| **Full Surrender Charge** |  |
| This charge is assessed to reimburse the Company for the costs incurred when processing full surrenders. The charge is deducted at surrender, assessed through a redemption of units, and recorded net with Policy owners' benefits within the Statements of Changes in Net Assets. | Percentage varies based on a factor per $1,000 of the initial specified amount (or increases in the specified amount) |
| **Transfer Charge** |  |
| 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 is deducted upon transfer, assessed through a redemption of units, and recorded net with Policy owners' benefits within the Statements of Changes in Net Assets. | $0 - $25 per transfer, after the first 12 transfers in any Policy year |
| **Cost of Insurance Charge (COI)** |  |
| This charge is assessed to reimburse the Company for the cost of providing the death benefit. The charge is assessed on the Policy's monthly anniversary, assessed through a redemption of units, and recorded net with Policy owners' benefits within the Statements of Changes in Net Assets. | $0.01 - $83.33 per $1,000 of net amount at risk per month |
| **Illustration Projection Report** |  |
| This charge is assessed to reimburse the Company for costs incurred from producing the requested illustration report which shows projected future benefits and Policy values. The charge can be deducted upon each request, assessed through a redemption of units, and recorded net with Policy owners' benefits within the Statements of Changes in Net Assets. | $0 - $25 per report |

---

---

| | |
|:---|:---|
| **Expense Type** | **Range** |
| **Monthly Administrative Charge per $1,000 Specified Amount** |  |
| This charge is assessed during the first 4 to 15 Policy years after the initial purchase or the first 4 to 15 years from the date of any increase in specified amount, depending on the provisions of the Policy, to reimburse the Company for administrative costs. The charge is deducted monthly, assessed through a redemption of units, and recorded net with Policy owners' benefits within the Statements of Changes in Net Assets. | $0.06- $0.26 per $1,000 of specified amount |
| The Company offers a loan privilege to certain Policy owners. Such Policy owners may obtain loans using the Policy's value as the only security for the loan. Loans are subject to provisions of The Internal Revenue Code of 1986, as amended. | The Company offers a loan privilege to certain Policy owners. Such Policy owners may obtain loans using the Policy's value as the only security for the loan. Loans are subject to provisions of The Internal Revenue Code of 1986, as amended. |

---

---

| | |
|:---|:---|
| 6. | FINANCIAL HIGHLIGHTS |
|  | The Company sold a number of variable life products that are funded by the Separate Account. These products have unique combinations of features and expenses that are charged against the Policy 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 Policy expenses offered by the Company, as Policy owners may not have selected all available and applicable Policy options for or during the periods presented. |
|  | A summary of the units outstanding, unit fair values, net assets for variable Policies, 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: |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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> Corresponding to the <br> Lowest and Highest<br> Expense Ratios | Total Return <sup>(c)</sup> Corresponding to the <br> Lowest and Highest<br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| 1290 VT Equity Income Portfolio, Class IA | 1290 VT Equity Income Portfolio, Class IA | 1290 VT Equity Income Portfolio, Class IA | 1290 VT Equity Income Portfolio, Class IA | 1290 VT Equity Income Portfolio, Class IA | 1290 VT Equity Income Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | $- | $- | $- | 0.00% | 0.60% | 0.60% | 5.28% | 5.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1 | 30.05 | 30.05 | 15 | 2.20% | 0.60% | 0.60% | 4.78% | 4.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1 | 28.68 | 28.68 | 15 | 1.79% | 0.60% | 0.60% | 2.47% | 2.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1 | 27.99 | 27.99 | 15 | 1.87% | 0.60% | 0.60% | 25.63% | 25.63% |
| 1290 VT Equity Income Portfolio, Class IB | 1290 VT Equity Income Portfolio, Class IB | 1290 VT Equity Income Portfolio, Class IB | 1290 VT Equity Income Portfolio, Class IB | 1290 VT Equity Income Portfolio, Class IB | 1290 VT Equity Income Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 34 | 48.87 | 42.74 | 1526 | 2.13% | 0.35% | 0.75% | 12.54% | 12.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 39 | 43.42 | 38.13 | 1529 | 2.03% | 0.35% | 0.75% | 9.41% | 8.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 39 | 39.69 | 34.99 | 1458 | 2.10% | 0.35% | 0.75% | 5.05% | 4.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 42 | 37.78 | 33.44 | 1492 | 1.79% | 0.35% | 0.75% | 2.73% | 2.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 42 | 36.78 | 32.69 | 1476 | 1.54% | 0.35% | 0.75% | 25.95% | 25.44% |
| 1290 VT GAMCO Small Company Value Portfolio, Class IB | 1290 VT GAMCO Small Company Value Portfolio, Class IB | 1290 VT GAMCO Small Company Value Portfolio, Class IB | 1290 VT GAMCO Small Company Value Portfolio, Class IB | 1290 VT GAMCO Small Company Value Portfolio, Class IB | 1290 VT GAMCO Small Company Value Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 83 | 93.74 | 201.33 | 11592 | 0.64% | 0.35% | 0.75% | 12.43% | 11.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 88 | 83.37 | 179.78 | 10958 | 0.59% | 0.35% | 0.75% | 11.19% | 10.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 93 | 74.98 | 162.35 | 10489 | 0.63% | 0.35% | 0.75% | 20.63% | 20.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 97 | 62.16 | 135.12 | 8974 | 0.50% | 0.35% | 0.75% | (10.98)% | (11.34)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 102 | 69.83 | 152.40 | 10760 | 0.64% | 0.35% | 0.75% | 24.20% | 24.70% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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> Corresponding to the <br> Lowest and Highest<br> Expense Ratios | Total Return <sup>(c)</sup> Corresponding to the <br> Lowest and Highest<br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| 1290 VT Socially Responsible Portfolio, Class IA | 1290 VT Socially Responsible Portfolio, Class IA | 1290 VT Socially Responsible Portfolio, Class IA | 1290 VT Socially Responsible Portfolio, Class IA | 1290 VT Socially Responsible Portfolio, Class IA | 1290 VT Socially Responsible Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | $- | $- | $- | 0.00% | 0.35% | 0.75% | 14.73% | 14.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 10 | 28.19 | 32.90 | 272 | 0.71% | 0.35% | 0.75% | 27.06% | 26.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 11 | 22.19 | 26.00 | 239 | 0.57% | 0.35% | 0.75% | (22.36)% | (22.67)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 12 | 28.58 | 33.61 | 333 | 0.42% | 0.35% | 0.75% | 29.86% | 29.34% |
| 1290 VT Socially Responsible Portfolio, Class IB | 1290 VT Socially Responsible Portfolio, Class IB | 1290 VT Socially Responsible Portfolio, Class IB | 1290 VT Socially Responsible Portfolio, Class IB | 1290 VT Socially Responsible Portfolio, Class IB | 1290 VT Socially Responsible Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 25 | 12.37 | 12.30 | 328 | 0.37% | 0.35% | 0.75% | 16.81% | 16.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 27 | 10.59 | 10.57 | 306 | 0.71% | 0.35% | 0.75% | 5.68% | 5.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1 | 40.58 | 40.58 | 24 | 0.75% | 0.65% | 0.65% | 26.68% | 26.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1 | 32.04 | 32.04 | 20 | 0.54% | 0.65% | 0.65% | (22.61)% | (22.61)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1 | 41.40 | 41.40 | 32 | 0.47% | 0.65% | 0.65% | 29.47% | 29.47% |
| BNY Mellon Stock Index Fund, Inc., Initial Shares | BNY Mellon Stock Index Fund, Inc., Initial Shares | BNY Mellon Stock Index Fund, Inc., Initial Shares | BNY Mellon Stock Index Fund, Inc., Initial Shares | BNY Mellon Stock Index Fund, Inc., Initial Shares | BNY Mellon Stock Index Fund, Inc., Initial Shares |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 56 | 66.87 | 59.05 | 3473 | 1.02% | 0.35% | 0.75% | 17.12% | 16.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 68 | 57.09 | 50.62 | 3307 | 1.17% | 0.35% | 0.75% | 24.22% | 23.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 69 | 45.96 | 40.91 | 2929 | 1.42% | 0.35% | 0.75% | 25.49% | 24.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 74 | 36.62 | 32.73 | 2528 | 1.27% | 0.35% | 0.75% | (18.60)% | (18.93)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 79 | 44.99 | 40.38 | 3336 | 1.13% | 0.35% | 0.75% | 27.45% | 27.96% |
| EQ/AB Small Cap Growth Portfolio, Class IA | EQ/AB Small Cap Growth Portfolio, Class IA | EQ/AB Small Cap Growth Portfolio, Class IA | EQ/AB Small Cap Growth Portfolio, Class IA | EQ/AB Small Cap Growth Portfolio, Class IA | EQ/AB Small Cap Growth Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 0.00% | 0.65% | 0.65% | 3.08% | 3.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 4 | 41.04 | 41.04 | 169 | 0.23% | 0.65% | 0.65% | 16.97% | 16.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 5 | 35.08 | 35.08 | 170 | 0.11% | 0.65% | 0.65% | (28.92)% | (28.92)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 5 | 49.36 | 49.36 | 266 | 0.00% | 0.65% | 0.65% | 12.19% | 12.19% |
| EQ/AB Small Cap Growth Portfolio, Class IB | EQ/AB Small Cap Growth Portfolio, Class IB | EQ/AB Small Cap Growth Portfolio, Class IB | EQ/AB Small Cap Growth Portfolio, Class IB | EQ/AB Small Cap Growth Portfolio, Class IB | EQ/AB Small Cap Growth Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3 | 50.41 | 50.41 | 171 | 0.15% | 0.65% | 0.65% | 8.53% | 8.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 4 | 46.44 | 46.44 | 160 | 0.28% | 0.65% | 0.65% | 9.79% | 9.79% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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> Corresponding to the <br> Lowest and Highest<br> Expense Ratios | Total Return <sup>(c)</sup> Corresponding to the <br> Lowest and Highest<br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| EQ/Aggressive Allocation Portfolio, Class IB | EQ/Aggressive Allocation Portfolio, Class IB | EQ/Aggressive Allocation Portfolio, Class IB | EQ/Aggressive Allocation Portfolio, Class IB | EQ/Aggressive Allocation Portfolio, Class IB | EQ/Aggressive Allocation Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 10 | $28.10 | $26.09 | $282 | 1.47% | 0.35% | 0.75% | 12.55% | 12.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 10 | 24.96 | 23.27 | 250 | 2.12% | 0.35% | 0.75% | 13.34% | 12.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 12 | 22.03 | 20.62 | 252 | 1.42% | 0.35% | 0.75% | 18.02% | 17.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 12 | 18.66 | 17.54 | 210 | 0.84% | 0.35% | 0.75% | (18.64)% | (18.97)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 12 | 22.94 | 21.64 | 259 | 4.27% | 0.35% | 0.75% | 16.31% | 16.77% |
| EQ/All Asset Growth Allocation Portfolio, Class IB | EQ/All Asset Growth Allocation Portfolio, Class IB | EQ/All Asset Growth Allocation Portfolio, Class IB | EQ/All Asset Growth Allocation Portfolio, Class IB | EQ/All Asset Growth Allocation Portfolio, Class IB | EQ/All Asset Growth Allocation Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 134 | 27.74 | 38.48 | 4980 | 2.22% | 0.35% | 0.75% | 16.79% | 16.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 140 | 23.75 | 33.08 | 4488 | 2.30% | 0.35% | 0.75% | 10.78% | 10.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 149 | 21.44 | 29.98 | 4326 | 1.86% | 0.35% | 0.75% | 13.76% | 13.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 155 | 18.85 | 26.46 | 3876 | 1.22% | 0.35% | 0.75% | (14.77)% | (15.11)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 164 | 22.11 | 31.17 | 4851 | 3.91% | 0.35% | 0.75% | 10.10% | 10.54% |
| EQ/Capital Group Research Portfolio, Class IA | EQ/Capital Group Research Portfolio, Class IA | EQ/Capital Group Research Portfolio, Class IA | EQ/Capital Group Research Portfolio, Class IA | EQ/Capital Group Research Portfolio, Class IA | EQ/Capital Group Research Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 0.00% | 0.35% | 0.75% | 15.76% | 15.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 91 | 43.52 | 50.08 | 3381 | 0.35% | 0.35% | 0.75% | 22.56% | 22.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 95 | 35.51 | 41.02 | 2930 | 0.16% | 0.35% | 0.75% | (19.25)% | (19.57)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 94 | 43.97 | 51.01 | 3472 | 0.00% | 0.35% | 0.75% | 22.14% | 22.63% |
| EQ/Capital Group Research Portfolio, Class IB | EQ/Capital Group Research Portfolio, Class IB | EQ/Capital Group Research Portfolio, Class IB | EQ/Capital Group Research Portfolio, Class IB | EQ/Capital Group Research Portfolio, Class IB | EQ/Capital Group Research Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 80 | 67.25 | 76.77 | 4497 | 0.44% | 0.35% | 0.75% | 19.41% | 18.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 87 | 56.32 | 64.54 | 4170 | 1.58% | 0.35% | 0.75% | 11.80% | 11.56% |
| EQ/Conservative Allocation Portfolio, Class IB | EQ/Conservative Allocation Portfolio, Class IB | EQ/Conservative Allocation Portfolio, Class IB | EQ/Conservative Allocation Portfolio, Class IB | EQ/Conservative Allocation Portfolio, Class IB | EQ/Conservative Allocation Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1 | 15.83 | 14.70 | 17 | 2.58% | 0.35% | 0.75% | 7.12% | 6.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2 | 14.78 | 13.78 | 22 | 2.84% | 0.35% | 0.75% | 4.27% | 3.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2 | 14.17 | 13.26 | 24 | 2.30% | 0.35% | 0.75% | 7.57% | 7.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2 | 13.18 | 12.38 | 25 | 0.76% | 0.35% | 0.75% | (12.90)% | (13.25)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 5 | 15.13 | 14.27 | 75 | 1.32% | 0.35% | 0.75% | 1.94% | 2.35% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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> Corresponding to the <br> Lowest and Highest<br> Expense Ratios | Total Return <sup>(c)</sup> Corresponding to the <br> Lowest and Highest<br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| EQ/Conservative-Plus Allocation Portfolio, Class IB | EQ/Conservative-Plus Allocation Portfolio, Class IB | EQ/Conservative-Plus Allocation Portfolio, Class IB | EQ/Conservative-Plus Allocation Portfolio, Class IB | EQ/Conservative-Plus Allocation Portfolio, Class IB | EQ/Conservative-Plus Allocation Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 0 \* | $17.54 | $17.54 | $0 \* | 2.70% | 0.75% | 0.75% | 8.21% | 8.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 0 \* | 16.21 | 16.21 | 0 \* | 2.88% | 0.75% | 0.75% | 6.22% | 6.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 0 \* | 15.26 | 15.26 | 1 | 2.69% | 0.75% | 0.75% | 10.10% | 10.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 0 \* | 13.86 | 13.86 | 0 \* | 1.61% | 0.75% | 0.75% | (15.19)% | (15.19)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 0 \* | 16.34 | 16.34 |  | 1.70% | 0.75% | 0.75% | 5.94% | 5.94% |
| EQ/Core Bond Index Portfolio, Class IA | EQ/Core Bond Index Portfolio, Class IA | EQ/Core Bond Index Portfolio, Class IA | EQ/Core Bond Index Portfolio, Class IA | EQ/Core Bond Index Portfolio, Class IA | EQ/Core Bond Index Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 0.00% | 0.35% | 0.75% | 0.23% | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 93 | 13.38 | 11.49 | 1314 | 2.11% | 0.35% | 0.75% | 4.19% | 3.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 95 | 12.84 | 11.08 | 1307 | 1.59% | 0.35% | 0.75% | (9.06)% | (9.42)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 96 | 14.12 | 12.23 | 1457 | 1.37% | 0.35% | 0.75% | (2.83)% | (2.44)% |
| EQ/Core Bond Index Portfolio, Class IB | EQ/Core Bond Index Portfolio, Class IB | EQ/Core Bond Index Portfolio, Class IB | EQ/Core Bond Index Portfolio, Class IB | EQ/Core Bond Index Portfolio, Class IB | EQ/Core Bond Index Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 89 | 14.48 | 12.34 | 1367 | 3.00% | 0.35% | 0.75% | 6.03% | 5.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 92 | 13.66 | 11.68 | 1322 | 2.44% | 0.35% | 0.75% | 1.83% | 1.61% |
| EQ/Core Plus Bond Portfolio, Class IA | EQ/Core Plus Bond Portfolio, Class IA | EQ/Core Plus Bond Portfolio, Class IA | EQ/Core Plus Bond Portfolio, Class IA | EQ/Core Plus Bond Portfolio, Class IA | EQ/Core Plus Bond Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 13 | 14.92 | 16.79 | 207 | 5.16% | 0.35% | 0.65% | 8.08% | 7.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 13 | 13.80 | 15.58 | 197 | 5.14% | 0.35% | 0.65% | (1.02)% | (1.32)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 13 | 13.95 | 15.79 | 201 | 2.40% | 0.35% | 0.65% | 4.16% | 3.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 13 | 13.39 | 15.20 | 191 | 2.46% | 0.35% | 0.65% | (13.24)% | (13.50)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 12 | 15.43 | 17.57 | 204 | 1.28% | 0.35% | 0.65% | (2.32)% | (2.03)% |
| EQ/Global Equity Managed Volatility Portfolio, Class IA | EQ/Global Equity Managed Volatility Portfolio, Class IA | EQ/Global Equity Managed Volatility Portfolio, Class IA | EQ/Global Equity Managed Volatility Portfolio, Class IA | EQ/Global Equity Managed Volatility Portfolio, Class IA | EQ/Global Equity Managed Volatility Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 0.00% | 0.65% | 0.65% | 10.19% | 10.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2 | 58.55 | 58.55 | 88 | 0.88% | 0.65% | 0.65% | 20.55% | 20.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2 | 48.57 | 48.57 | 77 | 0.32% | 0.65% | 0.65% | (21.46)% | (21.46)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2 | 61.84 | 61.84 | 101 | 0.92% | 0.65% | 0.65% | 15.14% | 15.14% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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> Corresponding to the <br> Lowest and Highest<br> Expense Ratios | Total Return <sup>(c)</sup> Corresponding to the <br> Lowest and Highest<br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| EQ/Global Equity Managed Volatility Portfolio, Class IB | EQ/Global Equity Managed Volatility Portfolio, Class IB | EQ/Global Equity Managed Volatility Portfolio, Class IB | EQ/Global Equity Managed Volatility Portfolio, Class IB | EQ/Global Equity Managed Volatility Portfolio, Class IB | EQ/Global Equity Managed Volatility Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1 | $77.54 | $77.54 | $80 | 0.77% | 0.65% | 0.65% | 18.36% | 18.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1 | 65.51 | 65.51 | 82 | 1.24% | 0.65% | 0.65% | 1.54% | 1.54% |
| EQ/Intermediate Government Bond Portfolio, Class IA | EQ/Intermediate Government Bond Portfolio, Class IA | EQ/Intermediate Government Bond Portfolio, Class IA | EQ/Intermediate Government Bond Portfolio, Class IA | EQ/Intermediate Government Bond Portfolio, Class IA | EQ/Intermediate Government Bond Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 39 | 13.93 | 17.57 | 583 | 3.05% | 0.35% | 0.75% | 5.15% | 4.73% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 40 | 13.25 | 16.78 | 563 | 2.46% | 0.35% | 0.75% | 2.04% | 1.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 41 | 12.98 | 16.51 | 572 | 2.71% | 0.35% | 0.75% | 3.51% | 3.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 42 | 12.54 | 16.01 | 567 | 0.92% | 0.35% | 0.75% | (7.97)% | (8.33)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 43 | 13.63 | 17.46 | 635 | 0.70% | 0.35% | 0.75% | (2.86)% | (2.47)% |
| EQ/Janus Enterprise Portfolio, Class IA | EQ/Janus Enterprise Portfolio, Class IA | EQ/Janus Enterprise Portfolio, Class IA | EQ/Janus Enterprise Portfolio, Class IA | EQ/Janus Enterprise Portfolio, Class IA | EQ/Janus Enterprise Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 0.00% | 0.35% | 0.65% | 4.69% | 4.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 26 | 44.66 | 54.66 | 1132 | 0.03% | 0.35% | 0.65% | 16.61% | 16.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 28 | 38.30 | 47.02 | 1062 | 0.00% | 0.35% | 0.65% | (16.86)% | (17.11)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 29 | 46.06 | 56.72 | 1331 | 0.09% | 0.35% | 0.65% | 16.08% | 16.43% |
| EQ/Janus Enterprise Portfolio, Class IB | EQ/Janus Enterprise Portfolio, Class IB | EQ/Janus Enterprise Portfolio, Class IB | EQ/Janus Enterprise Portfolio, Class IB | EQ/Janus Enterprise Portfolio, Class IB | EQ/Janus Enterprise Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 22 | 54.69 | 66.55 | 1206 | 0.00% | 0.35% | 0.65% | 7.68% | 7.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 24 | 50.79 | 61.99 | 1216 | 0.01% | 0.35% | 0.65% | 8.65% | 8.47% |
| EQ/JPMorgan Growth Stock Portfolio, Class IB | EQ/JPMorgan Growth Stock Portfolio, Class IB | EQ/JPMorgan Growth Stock Portfolio, Class IB | EQ/JPMorgan Growth Stock Portfolio, Class IB | EQ/JPMorgan Growth Stock Portfolio, Class IB | EQ/JPMorgan Growth Stock Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 129 | 67.66 | 90.53 | 10697 | 0.00% | 0.35% | 0.75% | 14.35% | 13.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 138 | 59.17 | 79.49 | 9934 | 0.00% | 0.35% | 0.75% | 33.31% | 32.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 149 | 44.39 | 59.86 | 8069 | 0.00% | 0.35% | 0.75% | 45.81% | 45.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 155 | 30.44 | 41.22 | 5616 | 0.00% | 0.35% | 0.75% | (38.85)% | (39.10)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 167 | 49.78 | 67.68 | 9914 | 0.00% | 0.35% | 0.75% | 12.98% | 13.43% |
| EQ/Large Cap Growth Managed Volatility Portfolio, Class IB | EQ/Large Cap Growth Managed Volatility Portfolio, Class IB | EQ/Large Cap Growth Managed Volatility Portfolio, Class IB | EQ/Large Cap Growth Managed Volatility Portfolio, Class IB | EQ/Large Cap Growth Managed Volatility Portfolio, Class IB | EQ/Large Cap Growth Managed Volatility Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 31 | 71.51 | 65.93 | 2062 | 0.10% | 0.35% | 0.75% | 10.68% | 10.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 33 | 64.61 | 59.81 | 1985 | 0.34% | 0.35% | 0.75% | 29.66% | 29.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 35 | 49.83 | 46.31 | 1649 | 0.41% | 0.35% | 0.75% | 38.50% | 37.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 37 | 35.98 | 33.57 | 1278 | 0.06% | 0.35% | 0.75% | (30.82)% | (31.10)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 40 | 52.01 | 48.73 | 1973 | 0.00% | 0.35% | 0.75% | 23.45% | 23.94% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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> Corresponding to the <br> Lowest and Highest<br> Expense Ratios | Total Return <sup>(c)</sup> Corresponding to the <br> Lowest and Highest<br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| EQ/Large Cap Value Index Portfolio, Class IA | EQ/Large Cap Value Index Portfolio, Class IA | EQ/Large Cap Value Index Portfolio, Class IA | EQ/Large Cap Value Index Portfolio, Class IA | EQ/Large Cap Value Index Portfolio, Class IA | EQ/Large Cap Value Index Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | $- | $- | $- | 0.00% | 0.35% | 0.65% | 6.32% | 6.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 56 | 38.46 | 37.12 | 2082 | 1.63% | 0.35% | 0.65% | 10.34% | 10.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 58 | 34.85 | 33.74 | 1989 | 1.42% | 0.35% | 0.65% | (8.54)% | (8.82)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 58 | 38.11 | 37.00 | 2195 | 1.39% | 0.35% | 0.65% | 23.47% | 23.85% |
| EQ/Large Cap Value Index Portfolio, Class IB | EQ/Large Cap Value Index Portfolio, Class IB | EQ/Large Cap Value Index Portfolio, Class IB | EQ/Large Cap Value Index Portfolio, Class IB | EQ/Large Cap Value Index Portfolio, Class IB | EQ/Large Cap Value Index Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 40 | 49.87 | 47.84 | 1935 | 1.24% | 0.35% | 0.65% | 14.60% | 14.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 42 | 43.52 | 41.87 | 1774 | 1.45% | 0.35% | 0.65% | 6.42% | 6.25% |
| EQ/Large Cap Value Managed Volatility Portfolio, Class IA | EQ/Large Cap Value Managed Volatility Portfolio, Class IA | EQ/Large Cap Value Managed Volatility Portfolio, Class IA | EQ/Large Cap Value Managed Volatility Portfolio, Class IA | EQ/Large Cap Value Managed Volatility Portfolio, Class IA | EQ/Large Cap Value Managed Volatility Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 0.00% | 0.35% | 0.65% | 7.64% | 7.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 9 | 35.50 | 28.05 | 277 | 1.68% | 0.35% | 0.65% | 13.57% | 13.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 9 | 31.25 | 24.77 | 245 | 1.33% | 0.35% | 0.65% | (11.89)% | (12.16)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 8 | 35.47 | 28.30 | 251 | 0.98% | 0.35% | 0.65% | 24.02% | 24.39% |
| EQ/Large Cap Value Managed Volatility Portfolio, Class IB | EQ/Large Cap Value Managed Volatility Portfolio, Class IB | EQ/Large Cap Value Managed Volatility Portfolio, Class IB | EQ/Large Cap Value Managed Volatility Portfolio, Class IB | EQ/Large Cap Value Managed Volatility Portfolio, Class IB | EQ/Large Cap Value Managed Volatility Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 8 | 44.51 | 34.97 | 325 | 1.37% | 0.35% | 0.65% | 10.25% | 9.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 9 | 40.37 | 31.81 | 313 | 1.55% | 0.35% | 0.65% | 5.66% | 5.49% |
| EQ/Loomis Sayles Growth Portfolio, Class IB | EQ/Loomis Sayles Growth Portfolio, Class IB | EQ/Loomis Sayles Growth Portfolio, Class IB | EQ/Loomis Sayles Growth Portfolio, Class IB | EQ/Loomis Sayles Growth Portfolio, Class IB | EQ/Loomis Sayles Growth Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 132 | 72.36 | 66.22 | 9861 | 0.00% | 0.35% | 0.75% | 12.70% | 12.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 141 | 64.20 | 58.99 | 9348 | 0.00% | 0.35% | 0.75% | 33.30% | 32.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 148 | 48.17 | 44.43 | 7382 | 0.00% | 0.35% | 0.75% | 43.24% | 42.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 155 | 33.63 | 31.14 | 5451 | 0.00% | 0.35% | 0.75% | (28.23)% | (28.51)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 162 | 46.85 | 43.56 | 7944 | 0.00% | 0.35% | 0.75% | 15.31% | 15.77% |
| EQ/MFS International Growth Portfolio, Class IB | EQ/MFS International Growth Portfolio, Class IB | EQ/MFS International Growth Portfolio, Class IB | EQ/MFS International Growth Portfolio, Class IB | EQ/MFS International Growth Portfolio, Class IB | EQ/MFS International Growth Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 57 | 27.82 | 41.40 | 2039 | 0.93% | 0.35% | 0.75% | 20.52% | 20.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 62 | 23.08 | 34.49 | 1819 | 0.75% | 0.35% | 0.75% | 8.39% | 7.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 65 | 21.29 | 31.95 | 1777 | 1.23% | 0.35% | 0.75% | 13.98% | 13.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 68 | 18.68 | 28.14 | 1607 | 0.79% | 0.35% | 0.75% | (15.48)% | (15.82)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 71 | 22.10 | 33.43 | 1999 | 0.23% | 0.35% | 0.75% | 8.61% | 9.04% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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> Corresponding to the <br> Lowest and Highest<br> Expense Ratios | Total Return <sup>(c)</sup> Corresponding to the <br> Lowest and Highest<br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| EQ/Mid Cap Index Portfolio, Class IA | EQ/Mid Cap Index Portfolio, Class IA | EQ/Mid Cap Index Portfolio, Class IA | EQ/Mid Cap Index Portfolio, Class IA | EQ/Mid Cap Index Portfolio, Class IA | EQ/Mid Cap Index Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | $- | $- | $- | 0.00% | 0.35% | 0.65% | 5.68% | 5.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 16 | 47.98 | 47.10 | 771 | 1.04% | 0.35% | 0.65% | 15.35% | 15.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 16 | 41.60 | 40.95 | 657 | 0.91% | 0.35% | 0.65% | (13.90)% | (14.16)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 16 | 48.32 | 47.71 | 788 | 0.65% | 0.35% | 0.65% | 23.08% | 23.45% |
| EQ/Mid Cap Index Portfolio, Class IB | EQ/Mid Cap Index Portfolio, Class IB | EQ/Mid Cap Index Portfolio, Class IB | EQ/Mid Cap Index Portfolio, Class IB | EQ/Mid Cap Index Portfolio, Class IB | EQ/Mid Cap Index Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 15 | 57.62 | 56.22 | 853 | 0.86% | 0.35% | 0.65% | 6.46% | 6.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 15 | 54.12 | 52.97 | 815 | 0.87% | 0.35% | 0.65% | 6.73% | 6.56% |
| EQ/Mid Cap Value Managed Volatility Portfolio, Class IA | EQ/Mid Cap Value Managed Volatility Portfolio, Class IA | EQ/Mid Cap Value Managed Volatility Portfolio, Class IA | EQ/Mid Cap Value Managed Volatility Portfolio, Class IA | EQ/Mid Cap Value Managed Volatility Portfolio, Class IA | EQ/Mid Cap Value Managed Volatility Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 0.00% | 0.35% | 0.65% | 3.08% | 2.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 51 | 37.86 | 36.27 | 1855 | 1.42% | 0.35% | 0.65% | 12.80% | 12.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 55 | 33.57 | 32.25 | 1784 | 0.90% | 0.35% | 0.65% | (14.86)% | (15.12)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 56 | 39.43 | 37.99 | 2167 | 0.57% | 0.35% | 0.65% | 26.58% | 26.96% |
| EQ/Mid Cap Value Managed Volatility Portfolio, Class IB | EQ/Mid Cap Value Managed Volatility Portfolio, Class IB | EQ/Mid Cap Value Managed Volatility Portfolio, Class IB | EQ/Mid Cap Value Managed Volatility Portfolio, Class IB | EQ/Mid Cap Value Managed Volatility Portfolio, Class IB | EQ/Mid Cap Value Managed Volatility Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 47 | 44.06 | 41.95 | 1999 | 1.19% | 0.35% | 0.65% | 4.59% | 4.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 50 | 42.13 | 40.23 | 2010 | 1.37% | 0.35% | 0.65% | 7.94% | 7.77% |
| EQ/Moderate Allocation Portfolio, Class IB | EQ/Moderate Allocation Portfolio, Class IB | EQ/Moderate Allocation Portfolio, Class IB | EQ/Moderate Allocation Portfolio, Class IB | EQ/Moderate Allocation Portfolio, Class IB | EQ/Moderate Allocation Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 9 | 20.14 | 18.70 | 175 | 2.46% | 0.35% | 0.75% | 9.83% | 9.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 9 | 18.34 | 17.09 | 162 | 2.73% | 0.35% | 0.75% | 7.54% | 7.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 9 | 17.05 | 15.96 | 152 | 1.98% | 0.35% | 0.75% | 11.96% | 11.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 9 | 15.23 | 14.31 | 137 | 1.06% | 0.35% | 0.75% | (15.76)% | (16.10)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 12 | 18.08 | 17.06 | 211 | 2.47% | 0.35% | 0.75% | 7.61% | 8.04% |
| EQ/Moderate-Plus Allocation Portfolio, Class IB | EQ/Moderate-Plus Allocation Portfolio, Class IB | EQ/Moderate-Plus Allocation Portfolio, Class IB | EQ/Moderate-Plus Allocation Portfolio, Class IB | EQ/Moderate-Plus Allocation Portfolio, Class IB | EQ/Moderate-Plus Allocation Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 5 | 24.17 | 22.44 | 121 | 1.17% | 0.35% | 0.75% | 11.11% | 10.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 12 | 21.75 | 20.27 | 247 | 2.23% | 0.35% | 0.75% | 10.38% | 9.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 15 | 19.70 | 18.44 | 278 | 1.58% | 0.35% | 0.75% | 14.92% | 14.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 17 | 17.14 | 16.11 | 276 | 0.97% | 0.35% | 0.75% | (17.35)% | (17.68)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 18 | 20.74 | 19.57 | 369 | 3.32% | 0.35% | 0.75% | 11.83% | 12.28% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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> Corresponding to the <br> Lowest and Highest<br> Expense Ratios | Total Return <sup>(c)</sup> Corresponding to the <br> Lowest and Highest<br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| EQ/Money Market Portfolio, Class IA | EQ/Money Market Portfolio, Class IA | EQ/Money Market Portfolio, Class IA | EQ/Money Market Portfolio, Class IA | EQ/Money Market Portfolio, Class IA | EQ/Money Market Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 173 | $12.62 | $11.64 | $1797 | 3.60% | 0.35% | 0.75% | 3.22% | 2.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 176 | 12.23 | 11.32 | 1935 | 4.56% | 0.35% | 0.75% | 4.31% | 3.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 192 | 11.72 | 10.89 | 2043 | 4.36% | 0.35% | 0.75% | 4.09% | 3.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 206 | 11.26 | 10.51 | 2224 | 1.07% | 0.35% | 0.75% | 0.74% | 0.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 206 | 11.18 | 10.47 | 2218 | 0.00% | 0.35% | 0.75% | (0.56)% | (0.16)% |
| EQ/Morgan Stanley Small Cap Growth Portfolio, Class IB | EQ/Morgan Stanley Small Cap Growth Portfolio, Class IB | EQ/Morgan Stanley Small Cap Growth Portfolio, Class IB | EQ/Morgan Stanley Small Cap Growth Portfolio, Class IB | EQ/Morgan Stanley Small Cap Growth Portfolio, Class IB | EQ/Morgan Stanley Small Cap Growth Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 61 | 18.46 | 45.97 | 1127 | 0.26% | 0.35% | 0.75% | 7.01% | 6.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 72 | 17.25 | 43.13 | 1239 | 0.01% | 0.35% | 0.75% | 20.31% | 19.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 79 | 14.34 | 35.99 | 1142 | 0.00% | 0.35% | 0.75% | 33.93% | 33.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 84 | 10.70 | 26.98 | 917 | 0.01% | 0.35% | 0.75% | (44.32)% | (44.54)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 86 | 19.22 | 48.65 | 1695 | 0.00% | 0.35% | 0.75% | 1.91% | 2.31% |
| EQ/PIMCO Ultra Short Bond Portfolio, Class IB | EQ/PIMCO Ultra Short Bond Portfolio, Class IB | EQ/PIMCO Ultra Short Bond Portfolio, Class IB | EQ/PIMCO Ultra Short Bond Portfolio, Class IB | EQ/PIMCO Ultra Short Bond Portfolio, Class IB | EQ/PIMCO Ultra Short Bond Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 18 | 14.76 | 15.12 | 264 | 4.14% | 0.35% | 0.65% | 4.11% | 3.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 18 | 14.18 | 14.57 | 255 | 4.52% | 0.35% | 0.65% | 5.47% | 5.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 19 | 13.45 | 13.86 | 254 | 4.07% | 0.35% | 0.65% | 5.26% | 4.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 19 | 12.77 | 13.20 | 245 | 1.36% | 0.35% | 0.65% | (0.95)% | (1.25)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 19 | 12.90 | 13.37 | 252 | 0.39% | 0.35% | 0.65% | (1.10)% | (0.80)% |
| EQ/Quality Bond PLUS Portfolio, Class IB | EQ/Quality Bond PLUS Portfolio, Class IB | EQ/Quality Bond PLUS Portfolio, Class IB | EQ/Quality Bond PLUS Portfolio, Class IB | EQ/Quality Bond PLUS Portfolio, Class IB | EQ/Quality Bond PLUS Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 24 | 19.18 | 21.15 | 478 | 3.49% | 0.35% | 0.75% | 5.91% | 5.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 25 | 18.11 | 20.05 | 457 | 2.96% | 0.35% | 0.75% | 1.42% | 1.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 26 | 17.86 | 19.85 | 476 | 2.16% | 0.35% | 0.75% | 3.86% | 3.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 26 | 17.20 | 19.19 | 466 | 0.66% | 0.35% | 0.75% | (10.52)% | (10.88)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 26 | 19.22 | 21.54 | 526 | 0.76% | 0.35% | 0.75% | (2.85)% | (2.46)% |
| EQ/Small Company Index Portfolio, Class IA | EQ/Small Company Index Portfolio, Class IA | EQ/Small Company Index Portfolio, Class IA | EQ/Small Company Index Portfolio, Class IA | EQ/Small Company Index Portfolio, Class IA | EQ/Small Company Index Portfolio, Class IA |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 0.00% | 0.35% | 0.35% | 0.09% | 0.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3 | 48.12 | 48.12 | 138 | 1.18% | 0.35% | 0.35% | 16.40% | 16.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 3 | 41.34 | 41.34 | 121 | 0.86% | 0.35% | 0.35% | (20.09)% | (20.09)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 3 | 51.73 | 51.73 | 155 | 0.66% | 0.35% | 0.35% | 14.66% | 14.66% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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> Corresponding to the <br> Lowest and Highest<br> Expense Ratios | Total Return <sup>(c)</sup> Corresponding to the <br> Lowest and Highest<br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| EQ/Small Company Index Portfolio, Class IB | EQ/Small Company Index Portfolio, Class IB | EQ/Small Company Index Portfolio, Class IB | EQ/Small Company Index Portfolio, Class IB | EQ/Small Company Index Portfolio, Class IB | EQ/Small Company Index Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3 | $59.77 | $59.77 | $165 | 0.88% | 0.35% | 0.35% | 12.20% | 12.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3 | 53.28 | 53.28 | 149 | 1.25% | 0.35% | 0.35% | 10.62% | 10.62% |
| EQ/Value Equity Portfolio, Class IB | EQ/Value Equity Portfolio, Class IB | EQ/Value Equity Portfolio, Class IB | EQ/Value Equity Portfolio, Class IB | EQ/Value Equity Portfolio, Class IB | EQ/Value Equity Portfolio, Class IB |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 5 | 44.53 | 44.53 | 208 | 1.50% | 0.35% | 0.35% | 10.62% | 10.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 5 | 40.25 | 40.25 | 190 | 0.98% | 0.35% | 0.35% | 6.86% | 6.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 5 | 37.67 | 37.67 | 182 | 1.18% | 0.35% | 0.35% | 19.10% | 19.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 5 | 31.63 | 31.63 | 160 | 1.01% | 0.35% | 0.35% | (15.40)% | (15.40)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 5 | 37.38 | 37.38 | 193 | 0.71% | 0.35% | 0.35% | 24.93% | 24.93% |
| Fidelity VIP Contrafund Portfolio, Service Class | Fidelity VIP Contrafund Portfolio, Service Class | Fidelity VIP Contrafund Portfolio, Service Class | Fidelity VIP Contrafund Portfolio, Service Class | Fidelity VIP Contrafund Portfolio, Service Class | Fidelity VIP Contrafund Portfolio, Service Class |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 56 | 100.95 | 91.84 | 5338 | 0.05% | 0.35% | 0.75% | 20.95% | 20.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 64 | 83.46 | 76.24 | 5047 | 0.09% | 0.35% | 0.75% | 33.16% | 32.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 75 | 62.67 | 57.48 | 4434 | 0.40% | 0.35% | 0.75% | 32.87% | 32.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 78 | 47.17 | 43.43 | 3492 | 0.37% | 0.35% | 0.75% | (26.64)% | (26.93)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 83 | 64.30 | 59.44 | 5082 | 0.05% | 0.35% | 0.75% | 26.76% | 27.26% |
| 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 | 43 | 39.59 | 24.68 | 1277 | 5.04% | 0.35% | 0.65% | 12.16% | 11.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 45 | 35.30 | 22.07 | 1181 | 5.15% | 0.35% | 0.65% | 6.83% | 6.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 47 | 33.04 | 20.72 | 1149 | 5.13% | 0.35% | 0.65% | 8.24% | 7.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 49 | 30.53 | 19.20 | 1124 | 4.80% | 0.35% | 0.65% | (5.80)% | (6.09)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 50 | 32.41 | 20.44 | 1220 | 4.76% | 0.35% | 0.65% | 16.00% | 16.35% |
| 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 | 2 | 67.78 | 67.78 | 166 | 0.82% | 0.35% | 0.35% | 11.41% | 11.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3 | 60.83 | 60.83 | 150 | 1.02% | 0.35% | 0.35% | 10.40% | 10.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3 | 55.10 | 55.10 | 142 | 0.92% | 0.35% | 0.35% | 11.68% | 11.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 3 | 49.34 | 49.34 | 137 | 0.75% | 0.35% | 0.35% | (10.88)% | (10.88)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 3 | 55.36 | 55.36 | 159 | 0.83% | 0.35% | 0.35% | 26.35% | 26.35% |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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> Corresponding to the <br> Lowest and Highest<br> Expense Ratios | Total Return <sup>(c)</sup> Corresponding to the <br> Lowest and Highest<br> Expense Ratios |
|  |  | High |  |  | Low | High | Low | High |
| Invesco V.I. Diversified Dividend Fund, Series I | Invesco V.I. Diversified Dividend Fund, Series I | Invesco V.I. Diversified Dividend Fund, Series I | Invesco V.I. Diversified Dividend Fund, Series I | Invesco V.I. Diversified Dividend Fund, Series I |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 6 | $24.41 | $153 | 1.65% | 0.65% | 0.65% | 14.99% | 14.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 6 | 21.23 | 134 | 1.91% | 0.65% | 0.65% | 12.48% | 12.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 6 | 18.88 | 120 | 2.03% | 0.65% | 0.65% | 8.34% | 8.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 7 | 17.42 | 114 | 1.80% | 0.65% | 0.65% | (2.32)% | (2.32)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 7 | 17.84 | 126 | 2.21% | 0.65% | 0.65% | 18.12% | 18.12% |
| Invesco V.I. Global Core Equity Fund, Series I | Invesco V.I. Global Core Equity Fund, Series I | Invesco V.I. Global Core Equity Fund, Series I | Invesco V.I. Global Core Equity Fund, Series I | Invesco V.I. Global Core Equity Fund, Series I |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 4 | 31.78 | 133 | 1.33% | 0.65% | 0.65% | 14.81% | 14.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 5 | 27.68 | 129 | 1.14% | 0.65% | 0.65% | 16.09% | 16.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 5 | 23.84 | 113 | 0.58% | 0.65% | 0.65% | 20.94% | 20.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 5 | 19.71 | 99 | 0.33% | 0.65% | 0.65% | (22.38)% | (22.38)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 5 | 25.40 | 130 | 0.97% | 0.65% | 0.65% | 15.22% | 15.22% |
| 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 | 9 | 69.63 | 623 | 0.00% | 0.35% | 0.35% | 14.61% | 14.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 9 | 60.76 | 551 | 0.00% | 0.35% | 0.35% | 15.38% | 15.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 9 | 52.66 | 489 | 0.00% | 0.35% | 0.35% | 33.98% | 33.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 10 | 39.30 | 381 | 0.00% | 0.35% | 0.35% | (32.17)% | (32.17)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 10 | 57.95 | 568 | 0.00% | 0.35% | 0.35% | 14.77% | 14.77% |
| Invesco V.I. Health Care Fund, Series I | Invesco V.I. Health Care Fund, Series I | Invesco V.I. Health Care Fund, Series I | Invesco V.I. Health Care Fund, Series I | Invesco V.I. Health Care Fund, Series I |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 6 | 48.31 | 276 | 0.00% | 0.65% | 0.65% | 14.58% | 14.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 6 | 42.16 | 267 | 0.00% | 0.65% | 0.65% | 3.49% | 3.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 7 | 40.74 | 265 | 0.00% | 0.65% | 0.65% | 2.36% | 2.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 6 | 39.80 | 236 | 0.00% | 0.65% | 0.65% | (13.88)% | (13.88)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 6 | 46.21 | 273 | 0.21% | 0.65% | 0.65% | 11.57% | 11.57% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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> Corresponding to the <br> Lowest and Highest<br> Expense Ratios | Total Return <sup>(c)</sup> Corresponding to the <br> Lowest and Highest<br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| Invesco V.I. Technology Fund, Series I | Invesco V.I. Technology Fund, Series I | Invesco V.I. Technology Fund, Series I | Invesco V.I. Technology Fund, Series I | Invesco V.I. Technology Fund, Series I | Invesco V.I. Technology Fund, Series I |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 0 \* | $69.08 | $69.08 | $26 | 0.00% | 0.65% | 0.65% | 19.69% | 19.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 0 \* | 57.72 | 57.72 | 24 | 0.00% | 0.65% | 0.65% | 33.40% | 33.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 0 \* | 43.27 | 43.27 | 19 | 0.00% | 0.65% | 0.65% | 45.99% | 45.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1 | 29.64 | 29.64 | 22 | 0.00% | 0.65% | 0.65% | (40.34)% | (40.34)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1 | 49.68 | 49.68 | 37 | 0.00% | 0.65% | 0.65% | 13.67% | 13.67% |
| Janus Henderson VIT Balanced Portfolio, Institutional Shares | Janus Henderson VIT Balanced Portfolio, Institutional Shares | Janus Henderson VIT Balanced Portfolio, Institutional Shares | Janus Henderson VIT Balanced Portfolio, Institutional Shares | Janus Henderson VIT Balanced Portfolio, Institutional Shares | Janus Henderson VIT Balanced Portfolio, Institutional Shares |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 18 | 61.46 | 57.14 | 991 | 1.97% | 0.35% | 0.75% | 14.70% | 14.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 22 | 53.58 | 50.01 | 1077 | 2.08% | 0.35% | 0.75% | 15.02% | 14.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 23 | 46.58 | 43.66 | 990 | 2.10% | 0.35% | 0.75% | 15.01% | 14.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 25 | 40.50 | 38.11 | 926 | 1.33% | 0.35% | 0.75% | (16.69)% | (17.02)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 26 | 48.62 | 45.93 | 1160 | 0.90% | 0.35% | 0.75% | 16.32% | 16.79% |
| Janus Henderson VIT Enterprise Portfolio, Institutional Shares | Janus Henderson VIT Enterprise Portfolio, Institutional Shares | Janus Henderson VIT Enterprise Portfolio, Institutional Shares | Janus Henderson VIT Enterprise Portfolio, Institutional Shares | Janus Henderson VIT Enterprise Portfolio, Institutional Shares | Janus Henderson VIT Enterprise Portfolio, Institutional Shares |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 57 | 37.94 | 75.23 | 2598 | 0.20% | 0.35% | 0.75% | 7.30% | 6.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 65 | 35.36 | 70.39 | 2739 | 0.74% | 0.35% | 0.75% | 15.20% | 14.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 68 | 30.69 | 61.35 | 2490 | 0.16% | 0.35% | 0.75% | 17.66% | 17.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 75 | 26.09 | 52.35 | 2360 | 0.35% | 0.35% | 0.75% | (16.23)% | (16.57)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 78 | 31.14 | 62.75 | 2906 | 0.31% | 0.35% | 0.75% | 15.96% | 16.42% |
| Janus Henderson VIT Forty Portfolio, Institutional Shares | Janus Henderson VIT Forty Portfolio, Institutional Shares | Janus Henderson VIT Forty Portfolio, Institutional Shares | Janus Henderson VIT Forty Portfolio, Institutional Shares | Janus Henderson VIT Forty Portfolio, Institutional Shares | Janus Henderson VIT Forty Portfolio, Institutional Shares |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 25 | 78.71 | 79.95 | 2040 | 0.07% | 0.35% | 0.75% | 17.73% | 17.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 27 | 66.86 | 68.19 | 1868 | 0.11% | 0.35% | 0.75% | 28.02% | 27.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 28 | 52.22 | 53.48 | 1568 | 0.20% | 0.35% | 0.75% | 39.47% | 38.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 29 | 37.44 | 38.49 | 1125 | 0.17% | 0.35% | 0.75% | (33.78)% | (34.05)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 31 | 56.55 | 58.37 | 1839 | 0.00% | 0.35% | 0.75% | 22.47% | 21.98% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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> Corresponding to the <br> Lowest and Highest<br> Expense Ratios | Total Return <sup>(c)</sup> Corresponding to the <br> Lowest and Highest<br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| 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 | 5 | $135.29 | $127.83 | $685 | 0.00% | 0.35% | 0.65% | 17.45% | 17.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 6 | 115.19 | 109.17 | 629 | 0.01% | 0.35% | 0.65% | 27.69% | 27.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 6 | 90.21 | 85.75 | 506 | 0.13% | 0.35% | 0.65% | 39.17% | 38.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 6 | 64.82 | 61.80 | 382 | 0.05% | 0.35% | 0.65% | (33.96)% | (34.16)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 6 | 98.16 | 93.87 | 585 | 0.00% | 0.35% | 0.65% | 22.17% | 21.81% |
| Janus Henderson VIT Global Research Portfolio, Institutional Shares | Janus Henderson VIT Global Research Portfolio, Institutional Shares | Janus Henderson VIT Global Research Portfolio, Institutional Shares | Janus Henderson VIT Global Research Portfolio, Institutional Shares | Janus Henderson VIT Global Research Portfolio, Institutional Shares | Janus Henderson VIT Global Research Portfolio, Institutional Shares |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 84 | 33.97 | 28.53 | 2563 | 0.58% | 0.35% | 0.75% | 20.50% | 20.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 88 | 28.19 | 23.77 | 2240 | 0.74% | 0.35% | 0.75% | 23.15% | 22.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 96 | 22.89 | 19.38 | 1965 | 0.93% | 0.35% | 0.75% | 26.34% | 25.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 99 | 18.12 | 15.40 | 1612 | 1.53% | 0.35% | 0.75% | (19.69)% | (20.01)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 104 | 22.56 | 19.25 | 2122 | 0.53% | 0.35% | 0.75% | 17.21% | 17.68% |
| 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 | 10 | 51.19 | 48.27 | 502 | 1.34% | 0.35% | 0.65% | 28.13% | 27.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 10 | 39.95 | 37.79 | 394 | 1.29% | 0.35% | 0.65% | 5.21% | 4.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 11 | 37.97 | 36.03 | 401 | 1.41% | 0.35% | 0.65% | 10.20% | 9.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 11 | 34.46 | 32.79 | 388 | 1.60% | 0.35% | 0.65% | (9.15)% | (9.43)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 11 | 37.93 | 36.20 | 429 | 1.06% | 0.35% | 0.65% | 12.55% | 12.89% |
| 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 | 4 | 84.65 | 85.45 | 310 | 2.90% | 0.35% | 0.65% | 14.61% | 14.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 4 | 73.86 | 74.78 | 275 | 2.30% | 0.35% | 0.65% | 11.27% | 10.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 4 | 66.38 | 67.41 | 264 | 3.49% | 0.35% | 0.65% | (2.45)% | (2.74)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 4 | 68.04 | 69.31 | 293 | 2.37% | 0.35% | 0.65% | 0.40% | 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4 | 67.77 | 69.24 | 298 | 1.70% | 0.35% | 0.65% | 13.35% | 13.69% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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> Corresponding to the <br> Lowest and Highest<br> Expense Ratios | Total Return <sup>(c)</sup> Corresponding to the <br> Lowest and Highest<br> Expense Ratios |
|  |  | Low | High |  |  | Low | High | Low | High |
| PIMCO VIT Global Bond Opportunities Portfolio (Unhedged), Administrative Class | PIMCO VIT Global Bond Opportunities Portfolio (Unhedged), Administrative Class | PIMCO VIT Global Bond Opportunities Portfolio (Unhedged), Administrative Class | PIMCO VIT Global Bond Opportunities Portfolio (Unhedged), Administrative Class | PIMCO VIT Global Bond Opportunities Portfolio (Unhedged), Administrative Class | PIMCO VIT Global Bond Opportunities Portfolio (Unhedged), Administrative Class |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 11 | $- | $- | $226 | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 11 | 16.56 | 21.16 | 197 | 3.53% | 0.35% | 0.65% | (0.85)% | (1.15)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 11 | 16.70 | 21.41 | 211 | 2.25% | 0.35% | 0.65% | 4.89% | 4.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 12 | 15.92 | 20.47 | 217 | 1.44% | 0.35% | 0.65% | (11.31)% | (11.58)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 12 | 17.96 | 23.15 | 242 | 4.93% | 0.35% | 0.65% | (4.78)% | (4.49)% |

---

\* 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 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 Policy expenses of the respective Subaccounts of the Separate Account, consisting primarily of mortality and expense risk fees, for each period indicated. These ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to Policy 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 20, 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.