# EDGAR Filing Document

**Accession Number:** 0001817260
**File Stem:** 0001104659-26-042996
**Filing Date:** 2026-4
**Character Count:** 298672
**Document Hash:** 46cc6d3733d93283fefac03b46c3ae85
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-042996.hdr.sgml**: 20260414

**ACCESSION NUMBER**: 0001104659-26-042996

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260414

**DATE AS OF CHANGE**: 20260414

**EFFECTIVENESS DATE**: 20260414

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PLAIC Variable Annuity Account S
- **CENTRAL INDEX KEY:** 0001817260

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

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23594
- **FILM NUMBER:** 26859574

**BUSINESS ADDRESS:**
- **STREET 1:** 2801 HIGHWAY 280 SOUTH
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35223
- **BUSINESS PHONE:** 2052682988

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

## Series and Classes Contracts Data

### PLAIC Variable Annuity Account S (Series ID: S000069681)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000222251 | Schwab Genesis Advisory NY Variable Annuity |  |
| C000222313 | Schwab Genesis Varible Annuity NY           |  |

*PLAIC Variable Annuity Account S*

*Financial Statements* 

*Year Ended December 31, 2025* 

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

 

**Report of Independent Registered Public Accounting Firm**

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

*Opinion on the Financial Statements*

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

*Basis for Opinion*

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

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

/s/ KPMG LLP

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

Birmingham, Alabama<br> April 13, 2026

**Appendix**

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

AB VPS Discovery Value Portfolio, Class B

AB VPS Large Cap Growth Portfolio, Class B

AB VPS Relative Value Portfolio, Class B

AB VPS Small Cap Growth Portfolio, Class B

American Funds IS Asset Allocation Fund, Class 4

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

American Funds IS Global Growth Fund, Class 4

American Funds IS Global Small Capitalization Fund, Class 4

American Funds IS Growth Fund, Class 4

American Funds IS Growth-Income Fund, Class 4

American Funds IS International Fund, Class 4

American Funds IS New World Fund, Class 4

American Funds IS The Bond Fund of America, Class 4

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

American Funds IS Washington Mutual Investors Fund, Class 4

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

BlackRock Global Allocation V.I. Fund, Class III

BlackRock International V.I. Fund, Class I

ClearBridge Variable Dividend Strategy Portfolio, Class II

ClearBridge Variable Large Cap Growth Portfolio, Class II

ClearBridge Variable Mid Cap Portfolio, Class II

ClearBridge Variable Small Cap Growth Portfolio, Class II

Columbia VP Balanced Fund, Class 2

Columbia VP Intermediate Bond Fund, Class 2

Columbia VP Limited Duration Credit Fund, Class 2

Columbia VP Select Mid Cap Value Fund, Class 2

Columbia VP Strategic Income Fund, Class 2

Empower Bond Index Fund, Investor Class

Fidelity VIP Asset Manager 50% Portfolio, Service Class 2

Fidelity VIP Balanced Portfolio, Service Class 2

Fidelity VIP Bond Index Portfolio, Service Class 2

Fidelity VIP Energy Portfolio, Service Class 2

Fidelity VIP Extended Market Index Portfolio, Service Class 2

Fidelity VIP FundsManager 20% Portfolio, Service Class 2

Fidelity VIP Health Care Portfolio, Service Class 2

Fidelity VIP International Capital Appreciation Portfolio, Service Class 2

Fidelity VIP International Index Portfolio, Service Class 2

Fidelity VIP Investment Grade Bond Portfolio, Service Class 2

Fidelity VIP Mid Cap Portfolio, Service Class 2

Fidelity VIP Technology Portfolio, Initial Class

Fidelity VIP Total Market Index Portfolio, Service Class 2

Fidelity VIP Utilities Portfolio, Initial Class

Fidelity VIP Value Strategies Portfolio, Service Class 2

Franklin DynaTech VIP Fund, Class 2

Franklin Income VIP Fund, Class 2

Franklin Rising Dividends VIP Fund, Class 2

Franklin Small Cap Value VIP Fund, Class 2

Franklin Small-Mid Cap Growth VIP Fund, Class 2

Goldman Sachs VIT Mid Cap Growth Fund, Service Class

Goldman Sachs VIT Mid Cap Value Fund, Service Class

Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class

Goldman Sachs VIT Strategic Growth Fund, Service Class

Invesco V.I. Comstock Fund, Series II

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

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

Invesco V.I. Government Securities Fund, Series II

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

Invesco V.I. Main Street Fund, Series II

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

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

Janus Henderson VIT Overseas Portfolio, Service Shares

Lord Abbett Series Fund Bond Debenture Portfolio, Class VC

Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC

Lord Abbett Series Fund Short Duration Income Portfolio, Class VC

Morgan Stanley VIF Growth Portfolio, Class II

PIMCO VIT High Yield Portfolio, Advisor Class

PIMCO VIT Income Portfolio, Advisor Class

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

PIMCO VIT Low Duration Portfolio, Advisor Class

PIMCO VIT Real Return Portfolio, Advisor Class

PIMCO VIT Short-Term Portfolio, Advisor Class

PIMCO VIT Total Return Portfolio, Advisor Class

Protective Life Dynamic Allocation Series Conservative Portfolio

Royce Capital Fund Small-Cap Portfolio, Service Class

Schwab Government Money Market Portfolio

Schwab S&P 500 Index Portfolio

Schwab VIT Balanced Portfolio

Schwab VIT Balanced with Growth Portfolio

Schwab VIT Growth Portfolio

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

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

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

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

Templeton Developing Markets VIP Fund, Class 2

Templeton Foreign VIP Fund, Class 2

Templeton Global Bond VIP Fund, Class 2

Western Asset Core Plus VIT Portfolio, Class II

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

Invesco V.I. Conservative Balanced Fund, Series II

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

Morgan Stanley VIF Global Infrastructure Portfolio

Statement of changes in net assets for the period from January 29, 2024 (date trading commenced) to December 31, 2024.

PIMCO CommodityRealReturn Strategy Portfolio, Advisor 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 February 13, 2024 (date trading commenced) to December 31, 2024.

Fidelity VIP FundsManager 60% Portfolio, Service Class 2

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

Fidelity VIP Growth Portfolio, Service Class 2

LVIP American Century Ultra Fund, Standard Class II

MFS VIT II International Growth Portfolio, Service Class

MFS VIT II International Intrinsic Value Portfolio, Service Class

MFS VIT III Mid Cap Value Portfolio, Service Class

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

MFS VIT III Global Real Estate Portfolio, Service Class

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from July 12, 2024 (date trading commenced) to December 31, 2024.

Fidelity VIP Contrafund Portfolio, Service Class 2

Morgan Stanley VIF Discovery Portfolio, Class II

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from July 25, 2024 (date trading commenced) to December 31, 2024.

Fidelity VIP Growth Opportunities Portfolio, Service Class 2

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from August 15, 2024 (date trading commenced) to December 31, 2024.

MFS VIT Mid Cap Growth Series, Service Class

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from September 17, 2024 (date trading commenced) to December 31, 2024.

Janus Henderson VIT Balanced Portfolio, Service Shares

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from October 14, 2024 (date trading commenced) to December 31, 2024.

American Funds IS Capital Income Builder, Class 4

Goldman Sachs VIT Core Fixed Income Fund, Service Class

Statement of assets and liabilities as of December 31, 2025, the related statement of operations for the year then ended, and the statements of changes in net assets for the year ended December 31, 2025 and for the period from October 17, 2024 (date trading commenced) to December 31, 2024.

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

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

Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | AB VPS<br> Discovery<br> Value<br> Portfolio,<br> Class B | AB VPS<br> Large Cap<br> Growth<br> Portfolio,<br> Class B | AB VPS<br> Relative<br> Value<br> Portfolio,<br> Class B | AB VPS<br> Small Cap<br> Growth<br> Portfolio,<br> Class B | American<br> Funds IS<br> Asset<br> Allocation<br> Fund,<br> Class 4 | American<br> Funds IS<br> Capital<br> Income<br> Builder,<br> Class 4 | American<br> Funds IS<br> Capital<br> World<br> Growth<br> and<br> Income<br> Fund, <br> Class 4 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $88423 | $1503225 | $637918 | $215658 | $730921 | $3470 | $688817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 1 | 1663 | 124 | 6 | 201 |  | 1167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 88424 | 1504888 | 638042 | 215664 | 731122 | 3470 | 689984 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 1 | 1663 | 124 | 6 | 201 |  | 1167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | 10 | 2 | 2 | 4 | - | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 1 | 1673 | 126 | 8 | 205 | - | 1170 |
| NET ASSETS | $88423 | $1503215 | $637916 | $215656 | $730917 | $3470 | $688814 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $88423 | $1503215 | $637916 | $215656 | $730917 | $3470 | $688814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $88423 | $1503215 | $637916 | $215656 | $730917 | $3470 | $688814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $16.29 | $81.48 | $30.85 | $9.86 | $26.77 | $14.46 | $17.85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 5428 | 18449 | 20678 | 21872 | 27304 | 240 | 38589 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $101171 | $1263092 | $632417 | $275799 | $701761 | $3117 | $500629 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American<br> Funds IS<br> Global<br> Growth<br> Fund, <br> Class 4 | American<br> Funds IS<br> Global Small<br> Capitalization<br> Fund, <br> Class 4 | American<br> Funds IS<br> Growth<br> Fund, <br> Class 4 | American<br> Funds IS<br> Growth-Income<br> Fund, <br> Class 4 | American<br> Funds IS<br> International<br> Fund,<br> Class 4 | American<br> Funds IS<br> New World<br> Fund, <br> Class 4 | American<br> Funds IS<br> The Bond<br> Fund of<br> America,<br> Class 4 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $491576 | $235671 | $986191 | $825402 | $84844 | $183264 | $1045158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 62 | 33 | 9 | 999 | 1 | 105 | 1288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 491638 | 235704 | 986200 | 826401 | 84845 | 183369 | 1046446 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 62 | 33 | 9 | 999 | 1 | 105 | 1288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 3 | 1 | 12 | 6 | 24 | - | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 65 | 34 | 21 | 1005 | 25 | 105 | 1290 |
| NET ASSETS | $491573 | $235670 | $986179 | $825396 | $84820 | $183264 | $1045156 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $491573 | $235670 | $986179 | $825396 | $84820 | $183264 | $1045156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $491573 | $235670 | $986179 | $825396 | $84820 | $183264 | $1045156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $37.55 | $18.97 | $134.39 | $64.77 | $21.83 | $31.71 | $9.31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 13091 | 12423 | 7338 | 12744 | 3887 | 5779 | 112262 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $442579 | $233766 | $736117 | $763490 | $62862 | $153504 | $1092704 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American<br> Funds IS<br> U.S.<br> Government<br> Securities<br> Fund, <br> Class 4 | American<br> Funds IS<br> Washington<br> Mutual<br> Investors<br> Fund, <br> Class 4 | BlackRock<br> 60/40<br> Target<br> Allocation<br> ETF V.I.<br> Fund, <br> Class III | BlackRock<br> Global<br> Allocation<br> V.I. Fund,<br> Class III | BlackRock<br> International<br> V.I. Fund,<br> Class I | ClearBridge<br> Variable<br> Dividend<br> Strategy<br> Portfolio,<br> Class II | ClearBridge<br> Variable<br> Large Cap<br> Growth<br> Portfolio,<br> Class II |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $687460 | $536269 | $569443 | $78595 | $499502 | $948146 | $2600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 884 | 657 | 1972 | 1 | 142 | 1127 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 688344 | 536926 | 571415 | 78596 | 499644 | 949273 | 2605 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 884 | 657 | 1972 | 1 | 142 | 1127 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 1 | 2 | 1 | 1 | 4 | 4 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 885 | 659 | 1973 | 2 | 146 | 1131 | - |
| NET ASSETS | $687459 | $536267 | $569442 | $78594 | $499498 | $948142 | $2605 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $687459 | $536267 | $569442 | $78594 | $499498 | $948142 | $2605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $687459 | $536267 | $569442 | $78594 | $499498 | $948142 | $2605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $9.74 | $17.55 | $14.71 | $13.34 | $11.46 | $20.42 | $47.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 70581 | 30557 | 38711 | 5892 | 43587 | 46432 | 55 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $735932 | $450382 | $536648 | $78588 | $452950 | $1024780 | $2663 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | ClearBridge<br> Variable<br> Mid Cap<br> Portfolio,<br> Class II | ClearBridge<br> Variable<br> Small Cap<br> Growth<br> Portfolio,<br> Class II | Columbia<br> VP<br> Balanced<br> Fund, <br> Class 2 | Columbia<br> VP<br> Intermediate<br> Bond Fund,<br> Class 2 | Columbia<br> VP<br> Limited<br> Duration<br> Credit<br> Fund, <br> Class 2 | Columbia<br> VP Select<br> Mid Cap<br> Value<br> Fund, <br> Class 2 | Columbia<br> VP<br> Strategic<br> Income<br> Fund, <br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $258020 | $121096 | $371258 | $378090 | $211647 | $221377 | $156195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 207 | 41 | 5 | 163 | 1 | 2 | 175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 258227 | 121137 | 371263 | 378253 | 211648 | 221379 | 156370 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 207 | 41 | 5 | 163 | 1 | 2 | 175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 3 | 1 | 2 | 1 | - | 3 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 210 | 42 | 7 | 164 | 1 | 5 | 176 |
| NET ASSETS | $258017 | $121095 | $371256 | $378089 | $211647 | $221374 | $156194 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $258017 | $121095 | $371256 | $378089 | $211647 | $221374 | $156194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $258017 | $121095 | $371256 | $378089 | $211647 | $221374 | $156194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $23.51 | $25.71 | $54.18 | $8.56 | $9.46 | $45.64 | $3.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 10975 | 4710 | 6852 | 44169 | 22373 | 4851 | 41763 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $300162 | $118942 | $329504 | $390075 | $214939 | $168884 | $149608 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower<br> Bond<br> Index<br> Fund,<br> Investor<br> Class | Fidelity<br> VIP Asset<br> Manager<br> 50%<br> Portfolio,<br> Service<br> Class 2 | Fidelity<br> VIP<br> Balanced<br> Portfolio,<br> Service<br> Class 2 | Fidelity<br> VIP Bond<br> Index<br> Portfolio,<br> Service<br> Class 2 | Fidelity<br> VIP<br> Contrafund<br> Portfolio,<br> Service<br> Class 2 | Fidelity<br> VIP<br> Energy<br> Portfolio,<br> Service<br> Class 2 | Fidelity<br> VIP<br> Extended<br> Market<br> Index<br> Portfolio,<br> Service<br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $147314 | $539002 | $2634894 | $1688943 | $161718 | $41000 | $1148513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 36 | 1355 | 1657 | 1131 | 2 | 93 | 1373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | 91 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 147350 | 540357 | 2636551 | 1690165 | 161720 | 41093 | 1149886 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 36 | 1355 | 1657 | 1131 | 2 | 93 | 1373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 1 | 2 | 11 | - | - | 1 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 37 | 1357 | 1668 | 1131 | 2 | 94 | 1373 |
| NET ASSETS | $147313 | $539000 | $2634883 | $1689034 | $161718 | $40999 | $1148513 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $147313 | $539000 | $2634883 | $1689034 | $161718 | $40999 | $1148513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $147313 | $539000 | $2634883 | $1689034 | $161718 | $40999 | $1148513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $13.02 | $16.97 | $25.45 | $9.80 | $56.86 | $27.10 | $15.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 11314 | 31762 | 103532 | 172341 | 2844 | 1513 | 72416 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $163585 | $454331 | $2471434 | $1704382 | $165655 | $38754 | $989200 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity<br> VIP<br> FundsManager<br> 20%<br> Portfolio,<br> Service <br> Class 2 | Fidelity<br> VIP<br> FundsManager<br> 60%<br> Portfolio,<br> Service <br> Class 2 | Fidelity<br> VIP <br> Growth<br> Opportunities<br> Portfolio,<br> Service <br> Class 2 | Fidelity<br> VIP<br> Growth<br> Portfolio,<br> Service<br> Class 2 | Fidelity<br> VIP<br> Health<br> Care<br> Portfolio,<br> Service<br> Class 2 | Fidelity <br> VIP<br> International<br> Capital<br> Appreciation<br> Portfolio,<br> Service <br> Class 2 | Fidelity <br> VIP<br> International<br> Index<br> Portfolio,<br> Service <br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $68649 | $- | $50503 | $154940 | $145386 | $193348 | $1615330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 113 |  |  | 185 | 1 | 102 | 1119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | 4 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 68762 | - | 50503 | 155129 | 145387 | 193450 | 1616449 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 113 |  |  | 185 | 1 | 102 | 1119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 1 | - | 2 | - | 2 | - | 634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 114 | - | 2 | 185 | 3 | 102 | 1753 |
| NET ASSETS | $68648 | $- | $50501 | $154944 | $145384 | $193348 | $1614696 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $68648 | $- | $50501 | $154944 | $145384 | $193348 | $1614696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $68648 | $- | $50501 | $154944 | $145384 | $193348 | $1614696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $11.17 | $11.69 | $96.40 | $92.88 | $37.81 | $26.25 | $13.96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 6146 |  | 524 | 1668 | 3845 | 7366 | 115711 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $70898 | $- | $36052 | $176472 | $138698 | $144557 | $1330951 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity<br> VIP<br> Investment<br> Grade Bond<br> Portfolio,<br> Service<br> Class 2 | Fidelity<br> VIP Mid<br> Cap<br> Portfolio,<br> Service<br> Class 2 | Fidelity<br> VIP<br> Technology<br> Portfolio,<br> Initial <br> Class | Fidelity<br> VIP Total<br> Market<br> Index<br> Portfolio,<br> Service<br> Class 2 | Fidelity<br> VIP<br> Utilities<br> Portfolio,<br> Initial<br> Class | Fidelity<br> VIP <br> Value<br> Strategies<br> Portfolio,<br> Service<br> Class 2 | Franklin<br> DynaTech<br> VIP Fund,<br> Class 2 |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $848066 | $1153701 | $1058610 | $334332 | $223553 | $146945 | $227000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 666 | 876 | 328 | 804 | 139 | 162 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 848732 | 1154577 | 1058938 | 335136 | 223692 | 147107 | 227003 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 666 | 876 | 328 | 804 | 139 | 162 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 2 | 6 | 6 | 2 | 2 | 1 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 668 | 882 | 334 | 806 | 141 | 163 | 6 |
| NET ASSETS | $848064 | $1153695 | $1058604 | $334330 | $223551 | $146944 | $226997 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $848064 | $1153695 | $1058604 | $334330 | $223551 | $146944 | $226997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $848064 | $1153695 | $1058604 | $334330 | $223551 | $146944 | $226997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $10.97 | $35.17 | $47.54 | $24.30 | $26.01 | $16.17 | $6.58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 77308 | 32804 | 22268 | 13759 | 8595 | 9088 | 34498 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $901461 | $1281954 | $758719 | $224430 | $192247 | $144525 | $218357 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Franklin<br> Income<br> VIP Fund,<br> Class 2 | Franklin<br> Rising<br> Dividends<br> VIP Fund,<br> Class 2 | Franklin<br> Small Cap<br> Value VIP<br> Fund, <br> Class 2 | Franklin<br> Small-Mid<br> Cap<br> Growth<br> VIP Fund,<br> Class 2 | Goldman<br> Sachs VIT<br> Core Fixed<br> Income<br> Fund,<br> Service<br> Class | Goldman<br> Sachs VIT<br> Mid Cap<br> Growth<br> Fund,<br> Service<br> Class | Goldman<br> Sachs VIT<br> Mid Cap<br> Value<br> Fund,<br> Service<br> Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $252893 | $702315 | $241871 | $308441 | $4194 | $126024 | $164630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 3 | 115 | 317 | 175 |  | 1 | 410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | 5 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 252896 | 702430 | 242188 | 308621 | 4194 | 126025 | 165040 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 3 | 115 | 317 | 175 |  | 1 | 410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | 5 | 1 | - | 1 | 5 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 3 | 120 | 318 | 175 | 1 | 6 | 411 |
| NET ASSETS | $252893 | $702310 | $241870 | $308446 | $4193 | $126019 | $164629 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $252893 | $702310 | $241870 | $308446 | $4193 | $126019 | $164629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $252893 | $702310 | $241870 | $308446 | $4193 | $126019 | $164629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $15.16 | $28.04 | $13.87 | $14.31 | $9.73 | $9.79 | $16.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 16682 | 25047 | 17438 | 21555 | 431 | 12873 | 9953 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $244311 | $681442 | $269466 | $297178 | $4149 | $153521 | $191647 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Goldman<br> Sachs<br> VIT Small<br> Cap<br> Equity<br> Insights<br> Fund,<br> Service<br> Class | Goldman<br> Sachs<br> VIT<br> Strategic<br> Growth<br> Fund,<br> Service<br> Class | Invesco<br> V.I.<br> Comstock<br> Fund, Series II | Invesco <br> V.I.<br> Equity<br> and<br> Income<br> Fund,<br> Series II | Invesco<br> V.I.<br> Global<br> Real<br> Estate<br> Fund,<br> Series II | Invesco <br> V.I.<br> Government<br> Securities<br> Fund,<br> Series II | Invesco<br> V.I.<br> Growth<br> and<br> Income<br> Fund,<br> Series II |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $313717 | $76774 | $758652 | $1371939 | $257102 | $280779 | $99723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 467 | 8 | 647 | 173 | 353 | 103 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 314184 | 76782 | 759299 | 1372112 | 257455 | 280882 | 99724 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 467 | 8 | 647 | 173 | 353 | 103 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 2 | - | 4 | 4 | 3 | - | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 469 | 8 | 651 | 177 | 356 | 103 | 2 |
| NET ASSETS | $313715 | $76774 | $758648 | $1371935 | $257099 | $280779 | $99722 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $313715 | $76774 | $758648 | $1371935 | $257099 | $280779 | $99722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $313715 | $76774 | $758648 | $1371935 | $257099 | $280779 | $99722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $14.05 | $15.18 | $21.29 | $18.12 | $13.80 | $10.54 | $21.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 22329 | 5058 | 35634 | 75714 | 18631 | 26639 | 4673 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $280399 | $69304 | $719578 | $1343974 | $300964 | $281920 | $105431 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco<br> V.I. Main<br> Street<br> Fund,<br> Series II | Invesco<br> V.I. Main<br> Street<br> Small Cap<br> Fund,<br> Series II | Invesco V.I.<br> U.S.<br> Government<br> Money<br> Portfolio,<br> Series I | Janus<br> Henderson<br> VIT<br> Balanced<br> Portfolio,<br> Service<br> Shares | Janus<br> Henderson<br> VIT Global<br> Technology<br> and<br> Innovation<br> Portfolio,<br> Service<br> Shares | Janus<br> Henderson<br> VIT<br> Overseas<br> Portfolio,<br> Service<br> Shares | Lord<br> Abbett<br> Series Fund<br> Bond<br> Debenture<br> Portfolio,<br> Class VC |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $57067 | $546729 | $6944 | $66381 | $- | $90271 | $266112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 60 | 520 | 10 | 1 |  | 212 | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | 1 | - | 2 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 57127 | 547249 | 6954 | 66383 | - | 90485 | 266182 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 60 | 520 | 10 | 1 |  | 212 | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 1 | 2 | 1 | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 61 | 522 | 11 | 1 | - | 212 | 70 |
| NET ASSETS | $57066 | $546727 | $6943 | $66382 | $- | $90273 | $266112 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $57066 | $546727 | $6943 | $66382 | $- | $90273 | $266112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $57066 | $546727 | $6943 | $66382 | $- | $90273 | $266112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $21.45 | $27.71 | $1.00 | $59.48 | $23.94 | $53.02 | $10.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 2660 | 19730 | 6944 | 1116 |  | 1703 | 25081 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $72269 | $528888 | $6944 | $60744 | $- | $74267 | $267140 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Lord Abbett<br> Series Fund<br> Fundamental<br> Equity<br> Portfolio,<br> Class VC | Lord<br> Abbett<br> Series Fund<br> Short<br> Duration<br> Income<br> Portfolio,<br> Class VC | LVIP<br> American<br> Century<br> Ultra<br> Fund,<br> Standard<br> Class II | MFS VIT II<br> International<br> Growth<br> Portfolio,<br> Service <br> Class | MFS VIT II<br> International<br> Intrinsic<br> Value<br> Portfolio,<br> Service Class | MFS VIT<br> III Blended<br> Research<br> Small Cap<br> Equity<br> Portfolio,<br> Service<br> Class | MFS VIT<br> III Global<br> Real<br> Estate<br> Portfolio,<br> Service<br> Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $124209 | $159699 | $- | $109971 | $118799 | $- | $6582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 312 | 170 |  | 1 | 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | 1 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 124521 | 159869 | - | 109972 | 118801 | - | 6582 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 312 | 170 |  | 1 | 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 1 | - | - | 1 | - | - | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 313 | 170 | - | 2 | 1 | - | 1 |
| NET ASSETS | $124208 | $159699 | $- | $109970 | $118800 | $- | $6581 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $124208 | $159699 | $- | $109970 | $118800 | $- | $6581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $124208 | $159699 | $- | $109970 | $118800 | $- | $6581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $18.98 | $13.26 | $31.50 | $17.60 | $36.15 | $9.19 | $15.56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 6544 | 12044 |  | 6248 | 3286 |  | 423 |
| &nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $123660 | $161084 | $- | $97102 | $101154 | $- | $6659 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT<br> III Mid<br> Cap Value<br> Portfolio,<br> Service<br> Class | MFS VIT<br> Mid Cap<br> Growth<br> Series,<br> Service<br> Class | Morgan<br> Stanley<br> VIF<br> Discovery<br> Portfolio,<br> Class II | Morgan<br> Stanley<br> VIF<br> Growth<br> Portfolio,<br> Class II | PIMCO<br> VIT High<br> Yield<br> Portfolio,<br> Advisor<br> Class | PIMCO<br> VIT<br> Income<br> Portfolio,<br> Advisor<br> Class | PIMCO VIT<br> Long-Term<br> U.S.<br> Government<br> Portfolio,<br> Advisor<br> Class |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $95467 | $236428 | $26976 | $15377 | $251516 | $587921 | $1127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 1 | 406 |  |  | 27 | 695 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 95468 | 236834 | 26976 | 15377 | 251543 | 588616 | 1129 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 1 | 406 |  |  | 27 | 695 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | - | - | - | 1 | 4 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 1 | 406 | - | - | 28 | 699 | 2 |
| NET ASSETS | $95467 | $236428 | $26976 | $15377 | $251515 | $587917 | $1127 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $95467 | $236428 | $26976 | $15377 | $251515 | $587917 | $1127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $95467 | $236428 | $26976 | $15377 | $251515 | $587917 | $1127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $9.93 | $6.57 | $6.43 | $20.05 | $7.41 | $10.35 | $7.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 9614 | 35986 | 4195 | 767 | 33943 | 56804 | 151 |
| &nbsp;&nbsp;&nbsp;&nbsp; <sup>(1)</sup> Investments in mutual fund shares, at cost | $100548 | $279979 | $17387 | $14970 | $240674 | $574366 | $1209 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | PIMCO<br> VIT Low<br> Duration<br> Portfolio,<br> Advisor<br> Class | PIMCO<br> VIT Real<br> Return<br> Portfolio,<br> Advisor<br> Class | PIMCO<br> VIT<br> Short-Term<br> Portfolio,<br> Advisor<br> Class | PIMCO<br> VIT Total<br> Return<br> Portfolio,<br> Advisor<br> Class | Protective<br> Life<br> Dynamic<br> Allocation<br> Series<br> Conservative<br> Portfolio | Royce<br> Capital<br> Fund<br> Small-Cap<br> Portfolio,<br> Service<br> Class | Schwab<br> Government<br> Money<br> Market<br> Portfolio |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $392150 | $496174 | $1135208 | $1562788 | $44710 | $92844 | $2823416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 677 | 729 | 1136 | 1718 | 1 | 189 | 152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 392827 | 496903 | 1136344 | 1564506 | 44711 | 93033 | 2823568 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 677 | 729 | 1136 | 1718 | 1 | 189 | 152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | - | 3 | 1 | 5 | 1 | 1 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 677 | 732 | 1137 | 1723 | 2 | 190 | 158 |
| NET ASSETS | $392150 | $496171 | $1135207 | $1562783 | $44709 | $92843 | $2823410 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $392150 | $496171 | $1135207 | $1562783 | $44709 | $92843 | $2823410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $392150 | $496171 | $1135207 | $1562783 | $44709 | $92843 | $2823410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $9.78 | $12.01 | $10.33 | $9.45 | $11.82 | $9.20 | $1.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 40097 | 41313 | 109894 | 165374 | 3783 | 10092 | 2823416 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $391640 | $511121 | $1120998 | $1693687 | $47122 | $87755 | $2823416 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Schwab<br> S&P 500<br> Index<br> Portfolio | Schwab<br> VIT<br> Balanced<br> Portfolio | Schwab<br> VIT<br> Balanced<br> with<br> Growth<br> Portfolio | Schwab<br> VIT<br> Growth<br> Portfolio | T. Rowe<br> Price All-Cap<br> Opportunities<br> Portfolio | T. Rowe<br> Price Blue<br> Chip<br> Growth<br> Portfolio,<br> Class II | T. Rowe<br> Price<br> Health<br> Sciences<br> Portfolio,<br> Class II |
| ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $15252757 | $696710 | $1787132 | $750981 | $170185 | $93555 | $357512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 10165 | 1925 | 692 | 1021 | 2 | 52 | 452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 15262922 | 698635 | 1787824 | 752002 | 170187 | 93607 | 357964 |
| LIABILITIES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 10165 | 1925 | 692 | 1021 | 2 | 52 | 452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 33 | 3 | 3 | 6 | 2 | 3 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 10198 | 1928 | 695 | 1027 | 4 | 55 | 452 |
| NET ASSETS | $15252724 | $696707 | $1787129 | $750975 | $170183 | $93552 | $357512 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $15252724 | $696707 | $1787129 | $750975 | $170183 | $93552 | $357512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $15252724 | $696707 | $1787129 | $750975 | $170183 | $93552 | $357512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $100.71 | $15.40 | $18.59 | $21.72 | $39.66 | $60.72 | $54.03 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 151452 | 45241 | 96134 | 34576 | 4291 | 1541 | 6617 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $9628745 | $647845 | $1575077 | $640992 | $155966 | $73107 | $347090 |

---

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF ASSETS AND LIABILITIES

AS OF DECEMBER 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | T. Rowe<br> Price<br> Moderate<br> Allocation<br> Portfolio | Templeton<br> Developing<br> Markets<br> VIP Fund,<br> Class 2 | Templeton<br> Foreign<br> VIP Fund,<br> Class 2 | Templeton<br> Global<br> Bond VIP<br> Fund, Class<br> 2 | Western<br> Asset Core<br> Plus VIT<br> Portfolio,<br> Class II |
| ASSETS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments at fair value <sup>(1)</sup> | $534366 | $120903 | $63418 | $34590 | $177234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the fund manager | 1332 | 56 | 1 |  | 176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivable from the Company | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | 535698 | 120959 | 63419 | 34590 | 177410 |
| LIABILITIES: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Contracts | 1332 | 56 | 1 |  | 176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payable to the Company | 6 | - | - | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 1338 | 56 | 1 | 1 | 177 |
| NET ASSETS | $534360 | $120903 | $63418 | $34589 | $177233 |
| ANALYSIS OF NET ASSETS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulation period | $534360 | $120903 | $63418 | $34589 | $177233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annuity period | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total net assets | $534360 | $120903 | $63418 | $34589 | $177233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value per share (NAV) | $22.43 | $12.08 | $16.22 | $13.17 | $4.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares outstanding in the Separate Account | 23824 | 10009 | 3910 | 2626 | 38033 |
| &nbsp;&nbsp;&nbsp;<sup>(1)</sup> Investments in mutual fund shares, at cost | $572019 | $81233 | $55043 | $35274 | $189176 |

---

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

(Concluded)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | AB VPS<br> Discovery<br> Value<br> Portfolio,<br> Class B | AB VPS<br> Large Cap<br> Growth<br> Portfolio,<br> Class B | AB VPS<br> Relative<br> Value<br> Portfolio,<br> Class B | AB VPS <br> Small Cap<br> Growth<br> Portfolio,<br> Class B | American<br> Funds IS <br> Asset<br> Allocation<br> Fund,<br> Class 4 | American<br> Funds<br> IS Capital<br> Income<br> Builder, <br> Class 4 | American<br> Funds<br> IS Capital<br> World Growth<br> and<br> Income Fund,<br> Class 4 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $512 | $- | $5372 | $- | $13253 | $88 | $7916 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 285 | 4334 | 1767 | 891 | 3285 | 15 | 1627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 285 | 4334 | 1767 | 891 | 3285 | 15 | 1627 |
| NET INVESTMENT INCOME (LOSS) | 227 | (4334) | 3605 | (891) | 9968 | 73 | 6289 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 164 | 2726 | (1092) | 637 | 3060 |  | 815 |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | 9656 | 140227 | 50165 | - | 60689 | - | 22962 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 9820 | 142953 | 49073 | 637 | 63749 | - | 23777 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (8003) | 32618 | 5374 | 8865 | 45323 | 495 | 105736 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 1817 | 175571 | 54447 | 9502 | 109072 | 495 | 129513 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $2044 | $171237 | $58052 | $8611 | $119040 | $568 | $135802 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American<br> Funds IS<br> Global Growth<br> Fund,<br> Class 4 | American<br> Funds<br> IS Global<br> Small<br> Capitalization<br> Fund,<br> Class 4 | American<br> Funds <br> IS Growth<br> Fund, <br> Class 4 | American<br> Funds IS Growth-<br> Income Fund,<br> Class 4 | American<br> Funds <br> IS International<br> Fund, <br> Class 4 | American<br> Funds<br> IS New<br> World Fund,<br> Class 4 | American<br> Funds <br> IS The Bond<br> Fund of<br> America,<br> Class 4 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $5595 | $570 | $2077 | $5682 | $895 | $1527 | $42323 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 1364 | 638 | 4571 | 2435 | 185 | 439 | 2703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 1364 | 638 | 4571 | 2435 | 185 | 439 | 2703 |
| NET INVESTMENT INCOME (LOSS) | 4231 | (68) | (2494) | 3247 | 710 | 1088 | 39620 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 1977 | 407 | 119011 | 712 | 34 | 861 | 435 |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | 58376 | 5097 | 130029 | 129729 | - | 6857 | - |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 60353 | 5504 | 249040 | 130441 | 34 | 7718 | 435 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 23393 | 24186 | (2492) | (10071) | 16766 | 31890 | 25598 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 83746 | 29690 | 246548 | 120370 | 16800 | 39608 | 26033 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $87977 | $29622 | $244054 | $123617 | $17510 | $40696 | $65653 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American<br> Funds<br> IS U.S.<br> Government<br> Securities<br> Fund,<br> Class 4 | American<br> Funds <br> IS Washington<br> Mutual<br> Investors<br> Fund, <br> Class 4 | BlackRock<br> 60/40 Target<br> Allocation<br> ETF<br> V.I. Fund,<br> Class III | BlackRock<br> Global<br> Allocation<br> V.I. Fund,<br> Class III | BlackRock<br> International<br> V.I. Fund,<br> Class I | ClearBridge<br> Variable<br> Dividend<br> Strategy<br> Portfolio,<br> Class II | ClearBridge<br> Variable<br> Large Cap<br> Growth<br> Portfolio,<br> Class II |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $27852 | $5750 | $12132 | $3097 | $7519 | $17484 | $- |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 1732 | 1249 | 1472 | 166 | 1427 | 2264 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 1732 | 1249 | 1472 | 166 | 1427 | 2264 | 11 |
| NET INVESTMENT INCOME (LOSS) | 26120 | 4501 | 10660 | 2931 | 6092 | 15220 | (11) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 397 | 7310 | 3125 | 115 | 2252 | 321 | (4) |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | - | 34519 | 21226 | 7443 | - | 125396 | 178 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 397 | 41829 | 24351 | 7558 | 2252 | 125717 | 174 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 20776 | 31818 | 43249 | 572 | 59267 | (36484) | 23 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 21173 | 73647 | 67600 | 8130 | 61519 | 89233 | 197 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $47293 | $78148 | $78260 | $11061 | $67611 | $104453 | $186 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | ClearBridge<br> Variable<br> Mid Cap<br> Portfolio,<br> Class II | ClearBridge<br> Variable<br> Small Cap<br> Growth<br> Portfolio,<br> Class II | Columbia VP <br> Balanced<br> Fund,<br> Class 2 | Columbia VP<br> Intermediate <br> Bond Fund,<br> Class 2 | Columbia VP<br> Limited <br> Duration<br> Credit Fund,<br> Class 2 | Columbia VP<br> Select<br> Mid Cap<br> Value Fund,<br> Class 2 | Columbia VP<br> Strategic<br> Income Fund,<br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $27 | $- | $- | $19274 | $12586 | $- | $6556 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 827 | 315 | 1293 | 927 | 533 | 541 | 379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 827 | 315 | 1293 | 927 | 533 | 541 | 379 |
| NET INVESTMENT INCOME (LOSS) | (800) | (315) | (1293) | 18347 | 12053 | (541) | 6177 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 123 | (1883) | 49 | 122 | 425 | 728 | 139 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 16818 | 8746 | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 16941 | 6863 | 49 | 122 | 425 | 728 | 139 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (6765) | 1773 | 43331 | 11573 | (838) | 26012 | 3660 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 10176 | 8636 | 43380 | 11695 | (413) | 26740 | 3799 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $9376 | $8321 | $42087 | $30042 | $11640 | $26199 | $9976 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower<br> Bond<br> Index Fund,<br> Investor <br> Class | Fidelity VIP<br> Asset<br> Manager 50%<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Balanced<br> Portfolio,<br> Service <br> Class 2 | Fidelity VIP<br> Bond Index<br> Portfolio,<br> Service <br> Class 2 | Fidelity VIP<br> Contrafund<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Energy<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Extended<br> Market Index<br> Portfolio,<br> Service<br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $3983 | $12473 | $39167 | $56761 | $- | $773 | $10880 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 589 | 1259 | 9093 | 7244 | 642 | 96 | 3684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 589 | 1259 | 9093 | 7244 | 642 | 96 | 3684 |
| NET INVESTMENT INCOME (LOSS) | 3394 | 11214 | 30074 | 49517 | (642) | 677 | 7196 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 35 | 146 | 12 | 918 | (4543) | 23 | 864 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | 23171 | 121585 | - | 22856 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 35 | 23317 | 121597 | 918 | 18313 | 23 | 864 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 5077 | 33547 | 183260 | 67220 | 9151 | 3080 | 115297 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 5112 | 56864 | 304857 | 68138 | 27464 | 3103 | 116161 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $8506 | $68078 | $334931 | $117655 | $26822 | $3780 | $123357 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP<br> FundsManager<br> 20%<br> Portfolio,<br> Service <br> Class 2 | Fidelity VIP<br> FundsManager<br> 60%<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Growth<br> Opportunities<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Growth<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Health<br> Care<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> International<br> Capital<br> Appreciation<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> International<br> Index<br> Portfolio,<br> Service<br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $2437 | $86 | $- | $74 | $223 | $1464 | $41163 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 360 | 177 | 128 | 406 | 452 | 475 | 5577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 360 | 177 | 128 | 406 | 452 | 475 | 5577 |
| NET INVESTMENT INCOME (LOSS) | 2077 | (91) | (128) | (332) | (229) | 989 | 35586 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 5452 | 8782 | 1899 | 596 | (5) | 1994 | 38056 |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | - | 283 | 718 | 19954 | 9009 | 976 | - |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 5452 | 9065 | 2617 | 20550 | 9004 | 2970 | 38056 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 71 | (3646) | 7298 | 346 | 8743 | 27573 | 362885 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 5523 | 5419 | 9915 | 20896 | 17747 | 30543 | 400941 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $7600 | $5328 | $9787 | $20564 | $17518 | $31532 | $436527 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP<br> Investment<br> Grade Bond<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Mid Cap<br> Portfolio,<br> Service <br> Class 2 | Fidelity VIP<br> Technology<br> Portfolio,<br> Initial<br> Class | Fidelity VIP<br> Total<br> Market Index<br> Portfolio, <br> Service <br> Class 2 | Fidelity VIP<br> Utilities<br> Portfolio,<br> Initial <br> Class | Fidelity VIP <br> Value<br> Strategies<br> Portfolio,<br> Service <br> Class 2 | Franklin<br> DynaTech<br> VIP Fund,<br> Class 2 |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $28800 | $2695 | $- | $4929 | $3966 | $1061 | $- |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 2309 | 3817 | 3775 | 1396 | 911 | 368 | 917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 2309 | 3817 | 3775 | 1396 | 911 | 368 | 917 |
| NET INVESTMENT INCOME (LOSS) | 26491 | (1122) | (3775) | 3533 | 3055 | 693 | (917) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 152 | (1388) | (3390) | 82939 | 838 | (317) | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | - | 129516 | 68079 | - | 8840 | 5460 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 152 | 128128 | 64689 | 82939 | 9678 | 5143 | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 25884 | (9979) | 127259 | (2492) | 15581 | 6770 | 34570 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 26036 | 118149 | 191948 | 80447 | 25259 | 11913 | 34771 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $52527 | $117027 | $188173 | $83980 | $28314 | $12606 | $33854 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Franklin <br> Income<br> VIP Fund,<br> Class 2 | Franklin<br> Rising<br> Dividends<br> VIP Fund,<br> Class 2 | Franklin<br> Small <br> Cap Value <br> VIP Fund, <br> Class 2 | Franklin<br> Small-Mid <br> Cap Growth<br> VIP Fund, <br> Class 2 | Goldman<br> Sachs VIT <br> Core Fixed<br> Income Fund,<br> Service<br> Class | Goldman<br> Sachs VIT<br> Mid Cap <br> Growth Fund,<br> Service<br> Class | Goldman <br> Sachs VIT<br> Mid Cap<br> Value Fund, <br> Service<br> Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $12006 | $5576 | $2382 | $- | $147 | $- | $1503 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 1067 | 1927 | 707 | 911 | 18 | 514 | 390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 1067 | 1927 | 707 | 911 | 18 | 514 | 390 |
| NET INVESTMENT INCOME (LOSS) | 10939 | 3649 | 1675 | (911) | 129 | (514) | 1113 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 25 | 1491 | 249 | 1239 |  | (21) | (81) |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 2524 | 66809 | 18578 | 16370 | - | 21526 | 17037 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2549 | 68300 | 18827 | 17609 | - | 21505 | 16956 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 13723 | 2455 | (4217) | (9337) | 140 | (12998) | (4610) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 16272 | 70755 | 14610 | 8272 | 140 | 8507 | 12346 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $27211 | $74404 | $16285 | $7361 | $269 | $7993 | $13459 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Goldman<br> Sachs VIT<br> Small Cap<br> Equity <br> Insights<br> Fund, <br> Service<br> Class | Goldman <br> Sachs VIT <br> Strategic<br> Growth<br> Fund, <br> Service<br> Class | Invesco V.I. <br> Comstock<br> Fund, <br> Series II | Invesco V.I.<br> Equity and<br> Income<br> Fund,<br> Series II | Invesco V.I.<br> Global <br> Real Estate <br> Fund, <br> Series II | Invesco V.I.<br> Government<br> Securities<br> Fund, <br> Series II | Invesco V.I.<br> Growth and<br> Income<br> Fund,<br> Series II |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $1513 | $- | $10354 | $24494 | $4576 | $7841 | $1109 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 723 | 400 | 1940 | 5496 | 821 | 700 | 411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 723 | 400 | 1940 | 5496 | 821 | 700 | 411 |
| NET INVESTMENT INCOME (LOSS) | 790 | (400) | 8414 | 18998 | 3755 | 7141 | 698 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 1803 | 3732 | 376 | 279 | (300) | 567 | 14 |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | 24884 | 11534 | 76730 | 70276 | - | - | 7217 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 26687 | 15266 | 77106 | 70555 | (300) | 567 | 7231 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 16411 | (493) | 24462 | 58061 | 14169 | 10316 | 4918 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 43098 | 14773 | 101568 | 128616 | 13869 | 10883 | 12149 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $43888 | $14373 | $109982 | $147614 | $17624 | $18024 | $12847 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Invesco V.I.<br> Main Street<br> Fund, <br> Series II | Invesco V.I.<br> Main Street<br> Small Cap<br> Fund,<br> Series II | Invesco V.I.<br> U.S.<br> Government<br> Money<br> Portfolio,<br> Series I | Janus<br> Henderson<br> VIT Balanced<br> Portfolio,<br> Service<br> Shares | Janus<br> Henderson<br> VIT Global<br> Technology<br> and<br> Innovation<br> Portfolio,<br> Service<br> Shares | Janus<br> Henderson<br> VIT Overseas<br> Portfolio,<br> Service<br> Shares | Lord Abbett<br> Series Fund<br> Bond<br> Debenture<br> Portfolio,<br> Class VC |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $172 | $1236 | $478 | $1065 | $- | $1083 | $15471 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 131 | 1415 | 33 | 277 | 9 | 201 | 653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 131 | 1415 | 33 | 277 | 9 | 201 | 653 |
| NET INVESTMENT INCOME (LOSS) | 41 | (179) | 445 | 788 | (9) | 882 | 14818 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | (16) | (1262) |  | 4 | (1185) | 23 | 112 |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | 3444 | 54968 | - | 1899 | - | - | - |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 3428 | 53706 | - | 1903 | (1185) | 23 | 112 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 4072 | (12885) | - | 5616 | - | 19097 | 4893 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 7500 | 40821 | - | 7519 | (1185) | 19120 | 5005 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $7541 | $40642 | $445 | $8307 | $(1194) | $20002 | $19823 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Lord Abbett<br> Series Fund<br> Fundamental<br> Equity<br> Portfolio,<br> Class VC | Lord Abbett<br> Series Fund<br> Short<br> Duration<br> Income<br> Portfolio,<br> Class VC | LVIP<br> American<br> Century Ultra<br> Fund, Standard<br> Class II | MFS VIT II<br> International<br> Growth<br> Portfolio,<br> Service <br> Class | MFS VIT II<br> International<br> Intrinsic <br> Value<br> Portfolio,<br> Service<br> Class | MFS VIT III<br> Blended<br> Research<br> Small Cap<br> Equity<br> Portfolio,<br> Service<br> Class | MFS VIT III<br> Global Real<br> Estate<br> Portfolio,<br> Service<br> Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $506 | $6933 | $- | $792 | $1509 | $- | $76 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 288 | 369 | 17 | 305 | 300 | 9 | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 288 | 369 | 17 | 305 | 300 | 9 | 29 |
| NET INVESTMENT INCOME (LOSS) | 218 | 6564 | (17) | 487 | 1209 | (9) | 47 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 37 | 285 | 1905 | 2199 | 3030 | (854) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 11568 | - | - | 5869 | 6452 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 11605 | 285 | 1905 | 8068 | 9482 | (854) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 3520 | 1231 | (1379) | 12907 | 22978 | 26 | 136 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 15125 | 1516 | 526 | 20975 | 32460 | (828) | 136 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $15343 | $8080 | $509 | $21462 | $33669 | $(837) | $183 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT III<br> Mid Cap<br> Value<br> Portfolio,<br> Service<br> Class | MFS VIT<br> Mid Cap<br> Growth <br> Series, <br> Service<br> Class | Morgan<br> Stanley VIF<br> Discovery<br> Portfolio,<br> Class II | Morgan<br> Stanley VIF<br> Growth<br> Portfolio,<br> Class II | PIMCO VIT<br> High Yield<br> Portfolio,<br> Advisor<br> Class | PIMCO VIT<br> Income<br> Portfolio,<br> Advisor<br> Class | PIMCO VIT<br> Long-Term<br> U.S.<br> Government<br> Portfolio,<br> Advisor<br> Class |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend income | $744 | $- | $108 | $- | $15660 | $28915 | $45 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 233 | 600 | 122 | 35 | 673 | 1424 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 233 | 600 | 122 | 35 | 673 | 1424 | 3 |
| NET INVESTMENT INCOME (LOSS) | 511 | (600) | (14) | (35) | 14987 | 27491 | 42 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | (655) | 201 | 19 | 527 | 7987 | 86 | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gain distributions | 8111 | 47473 | - | - | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 7456 | 47674 | 19 | 527 | 7987 | 86 | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (3062) | (39652) | 2872 | (118) | (1286) | 25675 | 63 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 4394 | 8022 | 2891 | 409 | 6701 | 25761 | 50 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $4905 | $7422 | $2877 | $374 | $21688 | $53252 | $92 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | PIMCO VIT<br> Low Duration<br> Portfolio,<br> Advisor<br> Class | PIMCO VIT<br> Real Return<br> Portfolio,<br> Advisor<br> Class | PIMCO VIT<br> Short-Term<br> Portfolio,<br> Advisor<br> Class | PIMCO VIT<br> Total<br> Return<br> Portfolio,<br> Advisor<br> Class | Protective<br> Life Dynamic<br> Allocation<br> Series<br> Conservative<br> Portfolio | Royce<br> Capital Fund<br> Small-Cap<br> Portfolio,<br> Service<br> Class | Schwab<br> Government<br> Money<br> Market<br> Portfolio |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $14837 | $15501 | $45621 | $69731 | $976 | $1579 | $131872 |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 966 | 1237 | 2621 | 5326 | 194 | 242 | 12227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 966 | 1237 | 2621 | 5326 | 194 | 242 | 12227 |
| NET INVESTMENT INCOME (LOSS) | 13871 | 14264 | 43000 | 64405 | 782 | 1337 | 119645 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 3 | 1039 | 11 | (37436) | (11) | (78) |  |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | - | - | - | - | 2455 | 6311 | 21 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 3 | 1039 | 11 | (37436) | 2444 | 6233 | 21 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 5542 | 19127 | 916 | 110414 | 1170 | (367) | - |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 5545 | 20166 | 927 | 72978 | 3614 | 5866 | 21 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $19416 | $34430 | $43927 | $137383 | $4396 | $7203 | $119666 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Schwab S&P<br> 500 Index<br> Portfolio | Schwab VIT<br> Balanced<br> Portfolio | Schwab VIT<br> Balanced<br> with<br> Growth<br> Portfolio | Schwab VIT<br> Growth<br> Portfolio | T. Rowe Price<br> All-Cap<br> Opportunities<br> Portfolio | T. Rowe Price<br> Blue Chip<br> Growth<br> Portfolio,<br> Class II | T. Rowe Price<br> Health<br> Sciences<br> Portfolio,<br> Class II |
| INVESTMENT INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $184923 | $15972 | $37782 | $13351 | $- | $- | $- |
| EXPENSES: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 56912 | 1818 | 6393 | 2476 | 688 | 334 | 800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 56912 | 1818 | 6393 | 2476 | 688 | 334 | 800 |
| NET INVESTMENT INCOME (LOSS) | 128011 | 14154 | 31389 | 10875 | (688) | (334) | (800) |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 337710 | 408 | 3865 | 263 | 79 | 475 | (31) |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | - | 12220 | 45114 | 38395 | 18651 | 8345 | 13012 |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 337710 | 12628 | 48979 | 38658 | 18730 | 8820 | 12981 |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 2078411 | 51711 | 160963 | 64380 | 5208 | 6042 | 41066 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 2416121 | 64339 | 209942 | 103038 | 23938 | 14862 | 54047 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $2544132 | $78493 | $241331 | $113913 | $23250 | $14528 | $53247 |

---

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

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

(Continued)

See accompanying notes to financial statements.

---

| |
|:---|
| **PLAIC VARIABLE ANNUITY ACCOUNT S** |
| STATEMENTS OF OPERATIONS |
| FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | T. Rowe Price<br> Moderate<br> Allocation<br> Portfolio | Templeton<br> Developing<br> Markets<br> VIP Fund,<br> Class 2 | Templeton<br> Foreign VIP<br> Fund, <br> Class 2 | Templeton<br> Global Bond<br> VIP Fund,<br> Class 2 | Western<br> Asset Core<br> Plus VIT<br> Portfolio,<br> Class II |
| INVESTMENT INCOME: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Dividend income | $11422 | $722 | $1324 | $- | $13187 |
| EXPENSES: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortality and expense risk and admin | 1259 | 290 | 256 | 124 | 790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 1259 | 290 | 256 | 124 | 790 |
| NET INVESTMENT INCOME (LOSS) | 10163 | 432 | 1068 | (124) | 12397 |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on redemption of investments | 22 | 4991 | 10 | (11) | (6561) |
| &nbsp;&nbsp;&nbsp;Capital gain distributions | 22849 | 2254 | 3696 | - | - |
| &nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 22871 | 7245 | 3706 | (11) | (6561) |
| &nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 33883 | 36643 | 9336 | 4723 | 16873 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 56754 | 43888 | 13042 | 4712 | 10312 |
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $66917 | $44320 | $14110 | $4588 | $22709 |

---

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

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

(Concluded)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  |<br>AB VPS <br> Discovery<br>Value <br> Portfolio,<br>Class B |<br>AB VPS<br> Large Cap<br>Growth <br> Portfolio,<br>Class B |<br>AB VPS <br> Relative<br>Value <br> Portfolio,<br>Class B |<br>AB VPS<br> Small Cap<br>Growth<br> Portfolio,<br>Class B | American<br>Funds IS <br> Asset<br>Allocation<br> Fund,<br>Class 4 | American<br>Funds IS<br> Capital<br>Income<br> Builder,<br>Class 4 | American <br> Funds IS<br>Capital <br> World<br>Growth and<br> Income Fund,<br>Class 4 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $227 | $(4334) | $3605 | $(891) | $9968 | $73 | $6289 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 9820 | 142953 | 49073 | 637 | 63749 |  | 23777 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (8003) | 32618 | 5374 | 8865 | 45323 | 495 | 105736 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 2044 | 171237 | 58052 | 8611 | 119040 | 568 | 135802 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  | 53759 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  | (6497) | (1466) | (159) | (1922) |  | (4481) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (1751) | (16105) | (23373) | (1647) | (725366) |  | (10860) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (27) | (28737) | (5525) | 2991 | 525360 | 1 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1778) | (51339) | (30364) | 1185 | (148169) | 1 | (15342) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 266 | 119898 | 27688 | 9796 | (29129) | 569 | 120460 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 88157 | 1383317 | 610228 | 205860 | 760046 | 2901 | 568354 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $88423 | $1503215 | $637916 | $215656 | $730917 | $3470 | $688814 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American<br> Funds IS<br> Global<br> Growth<br> Fund, <br> Class 4 | American<br> Funds IS<br> Global Small<br> Capitalization<br> Fund, <br> Class 4 | American<br> Funds IS<br> Growth<br> Fund, <br> Class 4 | American<br> Funds IS<br> Growth-<br> Income<br> Fund,<br> Class 4 | American<br> Funds IS<br> International<br> Fund, <br> Class 4 | American<br> Funds IS<br> New World <br> Fund,<br> Class 4 | American<br> Funds IS<br> The Bond<br> Fund of<br> America,<br> Class 4 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $4231 | $(68) | $(2494) | $3247 | $710 | $1088 | $39620 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 60353 | 5504 | 249040 | 130441 | 34 | 7718 | 435 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 23393 | 24186 | (2492) | (10071) | 16766 | 31890 | 25598 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 87977 | 29622 | 244054 | 123617 | 17510 | 40696 | 65653 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  | 53759 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (216) | (846) | (402) | (5507) | (46) | (513) | (6768) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (36308) | (12389) | (746435) | (9580) |  |  | (20014) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 4553 | 9861 | (18957) | (4884) | (1648) | (6328) | 18933 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (31971) | (3374) | (712035) | (19971) | (1694) | (6841) | (7849) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 56006 | 26248 | (467981) | 103646 | 15816 | 33855 | 57804 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 435567 | 209422 | 1454160 | 721750 | 69004 | 149409 | 987352 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $491573 | $235670 | $986179 | $825396 | $84820 | $183264 | $1045156 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American Funds IS<br>U.S.<br> Government<br>Securities<br> Fund,<br>Class 4 | American Funds IS<br>Washington<br> Mutual<br>Investors<br> Fund,<br>Class 4 | BlackRock 60/40<br>Target<br> Allocation<br>ETF V.I.<br> Fund,<br>Class III |<br>BlackRock<br> Global<br>Allocation<br> V.I. Fund,<br>Class III |<br>BlackRock<br>International<br> V.I. Fund,<br>Class I | ClearBridge<br>Variable<br> Dividend<br>Strategy<br> Portfolio,<br>C lass II | ClearBridge<br>Variable<br> Large Cap<br>Growth<br> Portfolio,<br>Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $26120 | $4501 | $10660 | $2931 | $6092 | $15220 | $(11) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 397 | 41829 | 24351 | 7558 | 2252 | 125717 | 174 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 20776 | 31818 | 43249 | 572 | 59267 | (36484) | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 47293 | 78148 | 78260 | 11061 | 67611 | 104453 | 186 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (3609) | (2762) | (7465) |  | (601) | (5455) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (16148) |  | (41070) | (2084) | (6466) | (26011) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 134 | (18126) | (2) | 13740 | (3227) | (1553) | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (19623) | (20888) | (48537) | 11656 | (10294) | (33019) | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 27670 | 57260 | 29723 | 22717 | 57317 | 71434 | 190 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 659789 | 479007 | 539719 | 55877 | 442181 | 876708 | 2415 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $687459 | $536267 | $569442 | $78594 | $499498 | $948142 | $2605 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | ClearBridge <br> Variable<br>Mid Cap<br> Portfolio,<br>Class II | ClearBridge <br> Variable<br> Small Cap<br>Growth<br> Port folio,<br>Class II | Columbia VP<br>Balanced <br> Fund,<br>Class 2 | Columbia VP<br>Intermediate <br> Bond Fund,<br>Class 2 | Columbia VP<br> Limited<br>Duration<br> Credit Fund,<br>Class 2 | Columbia VP<br> Select<br>Mid Cap <br> Value Fund,<br>Class 2 | Columbia VP<br>Strategic <br> Income Fund,<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(800) | $(315) | $(1293) | $18347 | $12053 | $(541) | $6177 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 16941 | 6863 | 49 | 122 | 425 | 728 | 139 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (6765) | 1773 | 43331 | 11573 | (838) | 26012 | 3660 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 9376 | 8321 | 42087 | 30042 | 11640 | 26199 | 9976 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (869) | (197) | (56) | (791) | (1211) | (72) | (685) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits |  | (31434) | (265) | (4053) | (13177) | (3490) | (3830) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (2870) | 4770 | 221074 | 93 | 7209 | 2520 | 4579 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (3739) | (26861) | 220753 | (4751) | (7179) | (1042) | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 5637 | (18540) | 262840 | 25291 | 4461 | 25157 | 10040 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 252380 | 139635 | 108416 | 352798 | 207186 | 196217 | 146154 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $258017 | $121095 | $371256 | $378089 | $211647 | $221374 | $156194 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  |<br>Empower<br> Bond<br>Index Fund,<br> Investor<br>Class | Fidelity VIP<br>Asset<br> Manager 50%<br>Portfolio,<br> Service<br>Class 2 |<br>Fidelity VIP<br> Balanced<br>Portfolio,<br> Service<br>Class 2 |<br>Fidelity VIP<br> Bond Index<br>Portfolio, <br> Service<br>Class 2 |<br>Fidelity VIP<br>Contrafund<br>Portfolio,<br> Service<br>Class 2 |<br>Fidelity VIP<br> Energy<br>Portfolio,<br> Service<br>Class 2 | Fidelity VIP<br>Extended<br> Market Index<br>Portfolio,<br> Service<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $3394 | $11214 | $30074 | $49517 | $(642) | $677 | $7196 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 35 | 23317 | 121597 | 918 | 18313 | 23 | 864 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 5077 | 33547 | 183260 | 67220 | 9151 | 3080 | 115297 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 8506 | 68078 | 334931 | 117655 | 26822 | 3780 | 123357 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  |  | 39025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (183) | (5131) | (7064) | (6221) |  | (381) | (5660) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  | (88391) | (226657) | (3487) |  | (144055) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 1813 | (1) | 7854 | (131096) | 4763 | 619 | (7956) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 1630 | (5132) | (87601) | (363974) | 1276 | 238 | (118646) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 10136 | 62946 | 247330 | (246319) | 28098 | 4018 | 4711 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 137177 | 476054 | 2387553 | 1935353 | 133620 | 36981 | 1143802 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $147313 | $539000 | $2634883 | $1689034 | $161718 | $40999 | $1148513 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  |<br>Fidelity VIP<br>Funds<br> Manager 20%<br>Portfolio,<br> Service<br>Class 2 |<br>Fidelity VIP<br>Funds<br> Manager 60%<br>Portfolio,<br> Service<br>Class 2 |<br>Fidelity VIP<br>Growth<br> Opportunities<br>Portfolio,<br> Service<br>Class 2 |<br>Fidelity VIP<br> Growth<br>Portfolio,<br> Service<br>Class 2 |<br>Fidelity VIP<br> Health Care<br>Portfolio,<br> Service<br>Class 2 | Fidelity VIP<br>International<br>Capital<br> Appreciation<br>Portfolio,<br> Service<br>Class 2 |<br>Fidelity VIP<br>International<br> Index<br>Portfolio,<br> Service<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $2077 | $(91) | $(128) | $(332) | $(229) | $989 | $35586 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 5452 | 9065 | 2617 | 20550 | 9004 | 2970 | 38056 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 71 | (3646) | 7298 | 346 | 8743 | 27573 | 362885 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 7600 | 5328 | 9787 | 20564 | 17518 | 31532 | 436527 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 7525 |  |  |  |  | 34862 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (934) |  | (425) | (1311) |  | (983) | (5625) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (102877) | (79318) |  | (10639) |  | (9099) | (335011) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 62769 | (2) | (8048) | (3717) | (1) | (6595) | 91583 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (41042) | (71795) | (8473) | (15667) | (1) | (16677) | (214191) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (33442) | (66467) | 1314 | 4897 | 17517 | 14855 | 222336 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 102090 | 66467 | 49187 | 150047 | 127867 | 178493 | 1392360 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $68648 | $- | $50501 | $154944 | $145384 | $193348 | $1614696 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP<br>Investment<br> Grade Bond<br>Portfolio,<br> Service<br>Class 2 |<br>Fidelity VIP<br> Mid<br>Cap Portfolio,<br> Service<br>Class 2 |<br>Fidelity VIP<br> Technology<br>Portfolio,<br> Initial<br>Class | Fidelity VIP<br>Total<br> Market Index<br>Portfolio,<br> Service<br>Class 2 |<br>Fidelity VIP<br> Utilities<br>Portfolio,<br> Initial<br>Class | Fidelity VIP<br>Value<br> Strategies<br>Portfolio,<br> Service<br>Class 2 |<br>Franklin<br>DynaTech<br> VIP Fund,<br>Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $26491 | $(1122) | $(3775) | $3533 | $3055 | $693 | $(917) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 152 | 128128 | 64689 | 82939 | 9678 | 5143 | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 25884 | (9979) | 127259 | (2492) | 15581 | 6770 | 34570 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 52527 | 117027 | 188173 | 83980 | 28314 | 12606 | 33854 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (2884) | (4652) | (1188) | (4885) | (580) | (607) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (28211) | (26602) | (29546) | (284816) |  | (44341) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 16944 | (16072) | 5305 | 2281 | (15997) | (6759) | 3600 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (14151) | (47326) | (25429) | (287420) | (16577) | (51707) | 3600 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 38376 | 69701 | 162744 | (203440) | 11737 | (39101) | 37454 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 809688 | 1083994 | 895860 | 537770 | 211814 | 186045 | 189543 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $848064 | $1153695 | $1058604 | $334330 | $223551 | $146944 | $226997 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Franklin<br> Income <br> VIP Fund,<br>Class 2 | Franklin<br> Rising<br> Dividends<br> VIP Fund,<br>Class 2 | Franklin <br> Small Cap<br> Value<br> VIP Fund,<br>Class 2 | Franklin<br> Small-Mid<br> Cap Growth <br> VIP Fund,<br>Class 2 | Goldman<br> Sachs VIT<br> Core <br> Fixed Income<br> Fund, <br> Service<br>Class | Goldman<br> Sachs VIT<br> Mid Cap<br> Growth<br> Fund, <br> Service<br>Class | Goldman<br> Sachs VIT<br> Mid Cap <br> Value Fund, <br> Service<br>Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $10939 | $3649 | $1675 | $(911) | $129 | $(514) | $1113 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2549 | 68300 | 18827 | 17609 |  | 21505 | 16956 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 13723 | 2455 | (4217) | (9337) | 140 | (12998) | (4610) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 27211 | 74404 | 16285 | 7361 | 269 | 7993 | 13459 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 12969 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (55) | (754) | (1411) | (835) |  | (105) | (1878) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (262) | (58038) |  | (731) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 52 | 4816 | 3480 | 8262 | (1) | 2028 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (265) | (41007) | 2069 | 6696 | (1) | 1923 | (1878) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 26946 | 33397 | 18354 | 14057 | 268 | 9916 | 11581 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 225947 | 668913 | 223516 | 294389 | 3925 | 116103 | 153048 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $252893 | $702310 | $241870 | $308446 | $4193 | $126019 | $164629 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Goldman<br> Sachs VIT<br> Small Cap<br> Equity<br> Insights <br> Fund,<br> Service<br>Class | Goldman<br> Sachs VIT<br> Strategic<br> Growth<br> Fund, <br> Service<br>Class | Invesco V.I.<br> Comstock<br> Fund,<br>Series II | Invesco V.I. Equity<br> and Income<br> Fund,<br>Series II | Invesco V.I. <br> Global<br> Real Estate<br> Fund,<br>Series II | Invesco V.I. <br> Government<br> Securities<br> Fund,<br>Series II | Invesco V.I. <br> Growth<br> and Income<br> Fund,<br>Series II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $790 | $(400) | $8414 | $18998 | $3755 | $7141 | $698 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 26687 | 15266 | 77106 | 70555 | (300) | 567 | 7231 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 16411 | (493) | 24462 | 58061 | 14169 | 10316 | 4918 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 43888 | 14373 | 109982 | 147614 | 17624 | 18024 | 12847 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 3763 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (1991) | (30) | (2850) | (657) | (1613) | (1602) | (181) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (11823) | (45099) |  | (5366) | (4003) | (23578) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (3661) | 1 | (3312) | 125 | 708 | 7289 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (17475) | (41365) | (6162) | (5898) | (4908) | (17891) | (181) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 26413 | (26992) | 103820 | 141716 | 12716 | 133 | 12666 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 287302 | 103766 | 654828 | 1230219 | 244383 | 280646 | 87056 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $313715 | $76774 | $758648 | $1371935 | $257099 | $280779 | $99722 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | <br>Invesco V.I.<br> Main<br> Street Fund,<br>Series II | <br>Invesco V.I.<br> Main<br> Street Small<br> Cap Fund,<br>Series II | <br>Invesco V.I.<br> U.S.<br> Government<br> Money<br> Portfolio,<br>Series I | <br>Janus<br> Henderson<br> VIT Balanced<br> Portfolio,<br> Service<br>Shares | Janus<br> Henderson<br>VIT Global<br> Technology<br> and<br> Innovation<br> Portfolio,<br> Service<br>Shares | <br>Janus<br> Henderson<br> VIT Overseas<br> Portfolio,<br> Service<br>Shares | <br>Lord Abbett<br> Series<br> Fund Bond<br> Debenture<br> Portfolio,<br>Class VC |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $41 | $(179) | $445 | $788 | $(9) | $882 | $14818 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 3428 | 53706 |  | 1903 | (1185) | 23 | 112 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 4072 | (12885) | - | 5616 | - | 19097 | 4893 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 7541 | 40642 | 445 | 8307 | (1194) | 20002 | 19823 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (224) | (2653) | (71) |  | (2) | (779) | (317) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits |  | (24284) | (8538) |  | (13845) |  | (6057) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 1166 | 17830 | - | 1 | 15041 | 40 | (10022) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 942 | (9107) | (8609) | 1 | 1194 | (739) | (16396) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 8483 | 31535 | (8164) | 8308 |  | 19263 | 3427 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 48583 | 515192 | 15107 | 58074 | - | 71010 | 262685 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $57066 | $546727 | $6943 | $66382 | $- | $90273 | $266112 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  |<br>Lord Abbett<br> Series<br>Fund<br> Fundamental<br>Equity<br> Portfolio,<br>Class VC |<br>Lord Abbett<br> Series<br>Fund Short<br> Duration<br>Income<br> Portfolio,<br>Class VC |<br>LVIP<br>American<br> Century Ultra<br>Fund,<br> Standard<br>Class II |<br>MFS VIT II<br>International<br> Growth<br>Portfolio,<br> Service<br>Class |<br>MFS VIT II<br> International<br>Intrinsic<br> Value<br>Portfolio,<br> Service<br>Class | MFS VIT III<br>Blended<br> Research<br>Small Cap<br> Equity<br>Portfolio,<br> Service<br>Class |<br>MFS VIT III<br>Global<br> Real Estate<br>Portfolio,<br> Service<br>Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $218 | $6564 | $(17) | $487 | $1209 | $(9) | $47 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 11605 | 285 | 1905 | 8068 | 9482 | (854) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 3520 | 1231 | (1379) | 12907 | 22978 | 26 | 136 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 15343 | 8080 | 509 | 21462 | 33669 | (837) | 183 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (1343) | (651) |  | (805) | (811) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits |  | (135) | (12535) | (13587) | (14128) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | - | 7489 | (1741) | (6361) | (10742) | (7430) | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1343) | 6703 | (14276) | (20753) | (25681) | (7430) | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 14000 | 14783 | (13767) | 709 | 7988 | (8267) | 180 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 110208 | 144916 | 13767 | 109261 | 110812 | 8267 | 6401 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $124208 | $159699 | $- | $109970 | $118800 | $- | $6581 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT III<br> Mid Cap <br> Value<br>Portfolio,<br> Service<br>Class | MFS VIT<br> Mid Cap<br> Growth<br>Series,<br> Service<br>Class | Morgan<br> Stanley VIF<br>Discovery<br> Portfolio,<br>Class II | Morgan<br> Stanley VIF<br>Growth<br> Portfolio,<br>Class II | PIMCO VIT<br> High Yield<br>Portfolio,<br> Advisor<br>Class | PIMCO VIT<br> Income<br>Portfolio,<br> Advisor<br>Class | PIMCO VIT<br> Long-<br> Term U.S.<br> Government<br>Portfolio,<br> Advisor<br>Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $511 | $(600) | $(14) | $(35) | $14987 | $27491 | $42 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 7456 | 47674 | 19 | 527 | 7987 | 86 | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (3062) | (39652) | 2872 | (118) | (1286) | 25675 | 63 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 4905 | 7422 | 2877 | 374 | 21688 | 53252 | 92 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (723) | (1714) |  |  | (99) | (3933) | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (10383) | (3664) |  |  | (160699) | (25584) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 5318 | (2) | (1) | 12080 | (408) | 15049 | (385) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (5788) | (5380) | (1) | 12080 | (161206) | (14468) | (396) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (883) | 2042 | 2876 | 12454 | (139518) | 38784 | (304) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 96350 | 234386 | 24100 | 2923 | 391033 | 549133 | 1431 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $95467 | $236428 | $26976 | $15377 | $251515 | $587917 | $1127 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  |<br>PIMCO VIT<br> Low Duration<br>Portfolio,<br> Advisor<br>Class |<br>PIMCO VIT<br> Real Return<br>Portfolio,<br> Advisor<br>Class |<br>PIMCO VIT<br> Short-Term<br>Portfolio,<br> Advisor<br>Class |<br>PIMCO VIT<br> Total Return<br>Portfolio,<br> Advisor<br>Class | Protective<br> Life<br>Dynamic<br> Allocation<br>Series<br> Conservative<br>Portfolio | Royce<br>Capital Fund<br> Small-Cap<br>Portfolio,<br> Service<br>Class |<br>Schwab<br> Government<br>Money<br> Market<br>Portfolio |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $13871 | $14264 | $43000 | $64405 | $782 | $1337 | $119645 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 3 | 1039 | 11 | (37436) | 2444 | 6233 | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 5542 | 19127 | 916 | 110414 | 1170 | (367) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 19416 | 34430 | 43927 | 137383 | 4396 | 7203 | 119666 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  | 53759 |  |  | 332307 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (2822) | (3009) | (4828) | (10690) | (545) | (834) | (1737) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (4720) | (5877) | (23756) | (470470) | (2602) |  | (828280) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 542 | 1332 | 183421 | 10065 | 964 | (1) | (189295) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (7000) | (7554) | 154837 | (417336) | (2183) | (835) | (687005) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 12416 | 26876 | 198764 | (279953) | 2213 | 6368 | (567339) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 379734 | 469295 | 936443 | 1842736 | 42496 | 86475 | 3390749 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $392150 | $496171 | $1135207 | $1562783 | $44709 | $92843 | $2823410 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  |<br>Schwab S&P<br> 500 Index<br>Portfolio |<br>Schwab VIT<br> Balanced<br>Portfolio | Schwab VIT<br>Balanced<br> with Growth<br>Portfolio |<br>Schwab VIT<br> Growth<br>Portfolio | T. Rowe<br> Price All-<br>Cap<br> Opportunities<br>Portfolio | T. Rowe <br> Price Blue<br>Chip Growth<br> Portfolio,<br>Class II | T. Rowe <br> Price Health<br>Sciences<br> Portfolio,<br>Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $128011 | $14154 | $31389 | $10875 | $(688) | $(334) | $(800) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 337710 | 12628 | 48979 | 38658 | 18730 | 8820 | 12981 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 2078411 | 51711 | 160963 | 64380 | 5208 | 6042 | 41066 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 2544132 | 78493 | 241331 | 113913 | 23250 | 14528 | 53247 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 236823 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (50441) | (8206) | (3061) | (3808) | (249) | (185) | (1733) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (2490755) | (4127) | (47609) |  | (211) |  | (9659) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (775845) | 458 | 1 | (1) | (118) | (5502) | (740) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (3080218) | (11875) | (50669) | (3809) | (578) | (5687) | (12132) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | (536086) | 66618 | 190662 | 110104 | 22672 | 8841 | 41115 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 15788810 | 630089 | 1596467 | 640871 | 147511 | 84711 | 316397 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $15252724 | $696707 | $1787129 | $750975 | $170183 | $93552 | $357512 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | T. Rowe Price<br> Moderate<br> Allocation<br>Portfolio | Templeton<br> Developing<br> Markets<br> VIP Fund,<br>Class 2 | Templeton<br> Foreign<br> VIP Fund,<br>Class 2 | Templeton<br> Global Bond<br> VIP Fund,<br>Class 2 | Western <br> Asset Core<br> Plus VIT<br> Portfolio,<br>Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $10163 | $432 | $1068 | $(124) | $12397 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 22871 | 7245 | 3706 | (11) | (6561) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 33883 | 36643 | 9336 | 4723 | 16873 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 66917 | 44320 | 14110 | 4588 | 22709 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (5112) | (680) |  |  | (1747) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (265) | (6908) |  |  | (178568) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (52) | (18617) | (1) | 1 | 2476 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (5429) | (26205) | (1) | 1 | (177839) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 61488 | 18115 | 14109 | 4589 | (155130) |
| NET ASSETS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 472872 | 102788 | 49309 | 30000 | 332363 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $534360 | $120903 | $63418 | $34589 | $177233 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | AB VPS<br> Discovery<br> Value<br> Portfolio,<br> Class B | AB VPS<br> Large Cap<br> Growth<br> Portfolio,<br> Class B | AB VPS<br> Relative Value<br> Portfolio,<br> Class B | AB VPS<br> Small Cap<br> Growth<br> Portfolio,<br> Class B | American<br> Funds IS Asset<br> Allocation<br> Fund, Class 4 | American<br> Funds IS<br> Capital<br> Income<br> Builder,<br> Class 4 | American<br> Funds IS<br> Capital World<br> Growth and<br> Income Fund,<br> Class 4 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $257 | $(3765) | $5359 | $(833) | $11244 | $43 | $7024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 4482 | 62905 | 19668 | 56 | 29850 |  | 1739 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 2873 | 196935 | 27837 | 31295 | 55878 | (142) | 59230 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 7612 | 256075 | 52864 | 30518 | 96972 | (99) | 67993 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 4018 | 139711 | 55353 |  | 58868 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges |  | (6762) | (520) | (156) | (2592) |  | (4864) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (1513) | (7832) | (14473) | (1348) | (9622) |  | (4809) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (4119) | 43247 | 106925 | 15351 | (4978) | 3000 | (375) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1614) | 168364 | 147285 | 13847 | 41676 | 3000 | (10048) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 5998 | 424439 | 200149 | 44365 | 138648 | 2901 | 57945 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 82159 | 958878 | 410079 | 161495 | 621398 |  | 510409 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $88157 | $1383317 | $610228 | $205860 | $760046 | $2901 | $568354 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American<br> Funds<br> IS Global<br> Growth<br> Fund, Class 4 | American<br> Funds<br> IS Global<br> Small<br> Capitalization<br> Fund, Class 4 | American<br> Funds IS<br> Growth Fund,<br> Class 4 | American<br> Funds IS<br> Growth-Income<br> Fund, Class 4 | American<br> Funds IS<br> International<br> Fund, Class 4 | American<br> Funds<br> IS New World<br> Fund, Class 4 | American<br> Funds IS<br> The Bond<br> Fund of<br> America,<br> Class 4 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $4629 | $728 | $(2479) | $4216 | $530 | $1431 | $34419 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 12460 | 2946 | 26332 | 31523 | 1032 | 1248 | (49) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 30087 | (4158) | 295642 | 101630 | 290 | 4840 | (32383) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 47176 | (484) | 319495 | 137369 | 1852 | 7519 | 1987 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 37643 |  | 15066 |  |  | 28966 | 203070 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (247) | (277) | (355) | (6435) | (44) | (438) | (4438) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (9682) | (1344) | (16674) |  |  | (8130) | (4075) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (85) | 89292 | 207703 | (1024) | (10419) | (5946) | 178910 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 27629 | 87671 | 205740 | (7459) | (10463) | 14452 | 373467 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 74805 | 87187 | 525235 | 129910 | (8611) | 21971 | 375454 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 360762 | 122235 | 928925 | 591840 | 77615 | 127438 | 611898 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $435567 | $209422 | $1454160 | $721750 | $69004 | $149409 | $987352 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | American<br> Funds IS U.S.<br> Government<br> Securities<br> Fund,<br> Class 4 | American<br> Funds IS<br> Washington<br> Mutual<br> Investors<br> Fund, Class 4 | BlackRock<br> 60/40 Target<br> Allocation<br> ETF<br> V.I. Fund,<br> Class III | BlackRock<br> Global<br> Allocation<br> V.I. Fund,<br> Class III | BlackRock<br> International<br> V.I.<br> Fund, Class I | ClearBridge<br> Variable<br> Dividend<br> Strategy<br> Portfolio,<br> Class II | ClearBridge<br> Variable Large<br> Cap Growth<br> Portfolio,<br> Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $23958 | $4722 | $10173 | $688 | $1488 | $7341 | $(11) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 259 | 11909 | 30266 | 4297 | 155 | 89873 | 1838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (21922) | 46698 | (10991) | (1757) | (3017) | 13585 | (801) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 2295 | 63329 | 29448 | 3228 | (1374) | 110799 | 1026 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 43866 | 121948 | 452565 | 23839 | 8037 | 36749 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (4013) | (2025) | (5229) |  | (797) | (4957) | (30) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (17054) | (8350) |  | (1029) | (19012) | (12395) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 11925 | (19228) | 53817 | 1 | 33204 | 118819 | (3789) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 34724 | 92345 | 501153 | 22811 | 21432 | 138216 | (3819) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 37019 | 155674 | 530601 | 26039 | 20058 | 249015 | (2793) |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 622770 | 323333 | 9118 | 29838 | 422123 | 627693 | 5208 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $659789 | $479007 | $539719 | $55877 | $442181 | $876708 | $2415 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | ClearBridge<br> Variable Mid<br> Cap Portfolio,<br> Class II | ClearBridge<br> Variable Small<br> Cap Growth<br> Portfolio,<br> Class II | Columbia VP<br> Balanced<br> Fund,<br> Class 2 | Columbia VP<br> Intermediate<br> Bond Fund,<br> Class 2 | Columbia VP<br> Limited<br> Duration<br> Credit Fund,<br> Class 2 | Columbia VP<br> Select Mid<br> Cap<br> Value Fund,<br> Class 2 | Columbia VP<br> Strategic<br> Income Fund,<br> Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $117 | $(307) | $(37) | $13246 | $3923 | $(478) | $5985 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 5796 | (2178) | 51 | 53 | 2 | 461 | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 16160 | 7380 | (1646) | (9043) | (123) | 19717 | (379) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 22073 | 4895 | (1632) | 4256 | 3802 | 19700 | 5641 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  | 96021 |  |  | 83796 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (1040) | (222) | (56) | (52) | (193) | (71) | (460) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (4410) |  | (267) | (2211) |  | (3187) | (1978) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 44 | 16675 | 106281 | 364 | 164250 | 17398 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (5406) | 16453 | 105958 | 94122 | 164057 | 14140 | 81358 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 16667 | 21348 | 104326 | 98378 | 167859 | 33840 | 86999 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 235713 | 118287 | 4090 | 254420 | 39327 | 162377 | 59155 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $252380 | $139635 | $108416 | $352798 | $207186 | $196217 | $146154 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Empower<br> Bond Index<br> Fund, Investor<br> Class | Fidelity VIP<br> Asset<br> Manager 50%<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Balanced<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Bond Index<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Contrafund<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Energy<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Extended<br> Market Index<br> Portfolio,<br> Service<br> Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $2676 | $9893 | $22337 | $42981 | $(173) | $562 | $9777 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 31 | 3267 | 45591 | 717 | 15099 | (8) | 1686 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (2117) | 22235 | 130077 | (60545) | (13088) | (2724) | 58728 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 590 | 35395 | 198005 | (16847) | 1838 | (2170) | 70191 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  | 929361 | 976154 |  | 28966 | 616455 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (197) | (5837) | (2712) | (5989) |  | (283) | (4467) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  | (12739) | (50566) |  |  | (8908) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 1736 | 1 | 10078 | 249674 | 131782 | 5502 | 12615 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 1539 | (5836) | 923988 | 1169273 | 131782 | 34185 | 615695 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 2129 | 29559 | 1121993 | 1152426 | 133620 | 32015 | 685886 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 135048 | 446495 | 1265560 | 782927 |  | 4966 | 457916 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $137177 | $476054 | $2387553 | $1935353 | $133620 | $36981 | $1143802 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP<br> FundsManager<br> 20%<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> FundsManager<br> 60%<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Growth<br> Opportunities<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Growth<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Health Care<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> International<br> Capital<br> Appreciation<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> International<br> Index<br> Portfolio,<br> Service<br> Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $3095 | $1009 | $(50) | $(117) | $(457) | $736 | $32984 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 162 | 1 | 17 | 28087 | 49 | 116 | (589) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 1674 | 3646 | 7153 | (21878) | 5905 | 5231 | (26295) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 4931 | 4656 | 7120 | 6092 | 5497 | 6083 | 6100 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 61800 |  | 61263 |  |  | 763536 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (1168) |  | (102) | (151) |  | (528) | (4755) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (4854) |  |  |  |  |  | (44866) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 5308 | 11 | 42169 | 82843 | (1) | 82866 | (121051) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (714) | 61811 | 42067 | 143955 | (1) | 82338 | 592864 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 4217 | 66467 | 49187 | 150047 | 5496 | 88421 | 598964 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 97873 |  |  |  | 122371 | 90072 | 793396 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $102090 | $66467 | $49187 | $150047 | $127867 | $178493 | $1392360 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Fidelity VIP<br> Investment<br> Grade Bond<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Mid Cap<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Technology<br> Portfolio,<br> Initial Class | Fidelity VIP<br> Total Market<br> Index<br> Portfolio,<br> Service<br> Class 2 | Fidelity VIP<br> Utilities<br> Portfolio,<br> Initial Class | Fidelity VIP<br> Value<br> Strategies<br> Portfolio,<br> Service<br> Class 2 | Franklin<br> DynaTech<br> VIP Fund,<br> Class 2 |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $24798 | $623 | $(2976) | $4275 | $2660 | $971 | $(780) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 380 | 135327 | 34356 | 2182 | 5523 | 24764 | 299 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (13835) | (18687) | 180332 | 86250 | 13547 | (12917) | 44061 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 11343 | 117263 | 211712 | 92707 | 21730 | 12818 | 43580 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 109203 | 59281 | 232471 | 119621 | 98767 | 28966 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (2923) | (3934) | (319) | (5094) | (88) | (553) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (32896) | (14245) | (14585) | (52090) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 7183 | 311300 | 13195 | 36198 | 15000 | 29123 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 80567 | 352402 | 230762 | 98635 | 113679 | 57536 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 91910 | 469665 | 442474 | 191342 | 135409 | 70354 | 43579 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 717778 | 614329 | 453386 | 346428 | 76405 | 115691 | 145964 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $809688 | $1083994 | $895860 | $537770 | $211814 | $186045 | $189543 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Franklin<br> Income VIP<br> Fund, <br> Class 2 | Franklin<br> Rising<br> Dividends<br> VIP Fund,<br> Class 2 | Franklin<br> Small Cap<br> Value VIP<br> Fund, <br> Class 2 | Franklin<br> Small-Mid<br> Cap Growth<br> VIP Fund,<br> Class 2 | Goldman<br> Sachs VIT<br> Core Fixed<br> Income Fund,<br> Service<br> Class | Goldman<br> Sachs VIT<br> Mid Cap<br> Growth Fund,<br> Service<br> Class | Goldman<br> Sachs VIT<br> Mid Cap<br> Value Fund,<br> Service<br> Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(88) | $4355 | $1214 | $(854) | $20 | $(786) | $746 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 27 | 29471 | 6118 | 3073 |  | 51093 | 8825 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (4590) | 24399 | 14390 | 27576 | (96) | (22558) | 6815 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | (4651) | 58225 | 21722 | 29795 | (76) | 27749 | 16386 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 57883 | 17822 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (54) | (743) | (1621) | (943) |  | (1275) | (2126) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (258) | (14746) |  | (750) |  | (927) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 226793 | 16402 | (12899) | 644 | 4001 | (218856) | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 226481 | 58796 | 3302 | (1049) | 4001 | (221058) | (2125) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 221830 | 117021 | 25024 | 28746 | 3925 | (193309) | 14261 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 4117 | 551892 | 198492 | 265643 |  | 309412 | 138787 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $225947 | $668913 | $223516 | $294389 | $3925 | $116103 | $153048 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Goldman<br> Sachs VIT<br> Small Cap<br> Equity<br> Insights Fund,<br> Service<br> Class | Goldman<br> Sachs VIT<br> Strategic<br> Growth Fund,<br> Service<br> Class | Invesco V.I.<br> Comstock<br> Fund, Series II | Invesco V.I.<br> Conservative<br> Balanced Fund,<br> Series II | Invesco V.I.<br> Equity and<br> Income Fund,<br> Series II | Invesco V.I.<br> Global Real<br> Estate Fund,<br> Series II | Invesco V.I.<br> Government<br> Securities<br> Fund, Series II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $1506 | $(299) | $7980 | $5639 | $14390 | $5173 | $4595 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 23195 | 7697 | 47428 | (16066) | 47317 | (88) | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 17831 | 9710 | 29183 | 15308 | 54712 | (11452) | (1857) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 42532 | 17108 | 84591 | 4881 | 116419 | (6367) | 2787 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 2679 | 30900 | 24111 | 20070 |  |  | 49609 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (2098) | (30) | (3056) |  | (763) | (1987) | (357) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (7110) |  |  | (226) | (3187) | (3933) | (11103) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 27887 | 34839 | (29090) | (245537) | 245356 | 8649 | 159449 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 21358 | 65709 | (8035) | (225693) | 241406 | 2729 | 197598 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 63890 | 82817 | 76556 | (220812) | 357825 | (3638) | 200385 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 223412 | 20949 | 578272 | 220812 | 872394 | 248021 | 80261 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $287302 | $103766 | $654828 | $- | $1230219 | $244383 | $280646 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

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.<br> Growth and<br> Income Fund,<br> Series II | Invesco V.I.<br> Main Street<br> Fund, <br> Series II | Invesco V.I.<br> Main Street<br> Small Cap<br> Fund, Series II | Invesco V.I.<br> U.S.<br> Government<br> Money<br> Portfolio,<br> Series I | Janus<br> Henderson<br> VIT Balanced<br> Portfolio,<br> Service<br> Shares | Janus<br> Henderson<br> VIT Overseas<br> Portfolio,<br> Service<br> Shares | Lord Abbett<br> Series Fund<br> Bond<br> Debenture<br> Portfolio,<br> Class VC |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $656 | $(126) | $(1051) | $640 | $447 | $862 | $14067 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 5391 | 7248 | 17388 |  | 1 | (292) | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 5453 | 3243 | 26394 | - | 21 | (3094) | (706) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 11500 | 10365 | 42731 | 640 | 469 | (2524) | 13420 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  | 95540 |  | 57606 | 77556 | 57713 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (166) | (239) | (2331) | (103) |  | (483) | (464) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits |  | (9761) | (14421) | (604) |  |  | (3237) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | - | 841 | 109630 | 90 | (1) | (3539) | 52201 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (166) | (9159) | 188418 | (617) | 57605 | 73534 | 106213 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 11334 | 1206 | 231149 | 23 | 58074 | 71010 | 119633 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 75722 | 47377 | 284043 | 15084 |  |  | 143052 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $87056 | $48583 | $515192 | $15107 | $58074 | $71010 | $262685 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Lord Abbett<br> Series Fund<br> Fundamental<br> Equity<br> Portfolio,<br> Class VC | Lord Abbett<br> Series Fund<br> Short<br> Duration<br> Income<br> Portfolio,<br> Class VC | LVIP<br> American<br> Century Ultra<br> Fund, Standard<br> Class II | MFS VIT II<br> International<br> Growth<br> Portfolio,<br> Service Class | MFS VIT II<br> International<br> Intrinsic Value<br> Portfolio,<br> Service Class | MFS VIT III<br> Blended<br> Research<br> Small Cap<br> Equity<br> Portfolio,<br> Service Class | MFS VIT III<br> Global Real<br> Estate<br> Portfolio,<br> Service Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $524 | $6118 | $(28) | $360 | $666 | $(7) | $75 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 6125 | 413 | 998 | 186 | 3050 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 8985 | (136) | 1379 | (38) | (5333) | (26) | (212) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 15634 | 6395 | 2349 | 508 | (1617) | (33) | (137) |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 22184 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (1477) | (662) |  | (158) | (153) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | - | 8630 | 11418 | 108911 | 112582 | 8300 | 6538 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1477) | 30152 | 11418 | 108753 | 112429 | 8300 | 6538 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 14157 | 36547 | 13767 | 109261 | 110812 | 8267 | 6401 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 96051 | 108369 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $110208 | $144916 | $13767 | $109261 | $110812 | $8267 | $6401 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | MFS VIT III<br> Mid Cap<br> Value<br> Portfolio,<br> Service Class | MFS VIT<br> Mid Cap<br> Growth Series,<br> Service Class | Morgan<br> Stanley VIF<br> Discovery<br> Portfolio,<br> Class II | Morgan<br> Stanley VIF<br> Global<br> Infrastructure<br> Portfolio | Morgan<br> Stanley VIF<br> Growth<br> Portfolio,<br> Class II | PIMCO VIT<br> CommodityRealReturn<br> Strategy<br> Portfolio,<br> Advisor Class | PIMCO VIT<br> High Yield<br> Portfolio,<br> Advisor Class |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $474 | $(221) | $(44) | $451 | $(3) | $(1) | $20376 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 2301 | 16746 | 7 | (177) |  | 110 | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (2019) | (3898) | 6718 | 2940 | 525 | - | 3165 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 756 | 12627 | 6681 | 3214 | 522 | 109 | 23528 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (149) | (836) |  |  |  | (7) | (117) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits |  | (926) |  |  |  |  | (5682) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 95743 | 223521 | 17419 | (23502) | 2401 | (102) | 21902 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 95594 | 221759 | 17419 | (23502) | 2401 | (109) | 16103 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 96350 | 234386 | 24100 | (20288) | 2923 |  | 39631 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period |  |  |  | 20288 |  |  | 351402 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $96350 | $234386 | $24100 | $- | $2923 | $- | $391033 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | PIMCO VIT<br> Income<br> Portfolio,<br> Advisor Class | PIMCO VIT<br> Long-Term<br> U.S.<br> Government<br> Portfolio,<br> Advisor Class | PIMCO VIT<br> Low Duration<br> Portfolio,<br> Advisor Class | PIMCO VIT<br> Real Return<br> Portfolio,<br> Advisor Class | PIMCO VIT<br> Short-Term<br> Portfolio,<br> Advisor Class | PIMCO VIT<br> Total Return<br> Portfolio,<br> Advisor Class | Protective<br> Life Dynamic<br> Allocation<br> Series<br> Conservative<br> Portfolio |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $22323 | $67 | $13694 | $9996 | $41175 | $58771 | $651 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 34 | (108) | 40 | (3232) | 9 | 34 | 410 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (3044) | (152) | 1555 | 960 | 7489 | (21928) | 1650 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 19313 | (193) | 15289 | 7724 | 48673 | 36877 | 2711 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments | 96276 |  |  |  | 74427 | 150201 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (2984) | (21) | (3430) | (3555) | (4252) | (11867) | (537) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits | (11455) | (1302) | (2930) | (5670) | (14639) | (35804) | (2562) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | 157664 | 10 | (2362) | 4577 | 27879 | 307841 | 1620 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | 239501 | (1313) | (8722) | (4648) | 83415 | 410371 | (1479) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 258814 | (1506) | 6567 | 3076 | 132088 | 447248 | 1232 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 290319 | 2937 | 373167 | 466219 | 804355 | 1395488 | 41264 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $549133 | $1431 | $379734 | $469295 | $936443 | $1842736 | $42496 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | Royce<br> Capital Fund<br> Small-Cap<br> Portfolio,<br> Service Class | Schwab<br> Government<br> Money<br> Market<br> Portfolio | Schwab S&P<br> 500 Index<br> Portfolio | Schwab VIT<br> Balanced<br> Portfolio | Schwab VIT<br> Balanced with<br> Growth<br> Portfolio | Schwab VIT<br> Growth<br> Portfolio | T. Rowe Price<br> All-Cap<br> Opportunities<br> Portfolio |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $619 | $157511 | $120579 | $10290 | $25533 | $9451 | $(482) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 3550 | 27 | 24090 | 2803 | 4348 | 4095 | 16235 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | (1665) | - | 2456439 | 26630 | 61381 | 52016 | 12058 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 2504 | 157538 | 2601108 | 39723 | 91262 | 65562 | 27811 |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 4794806 | 2640934 | 188623 | 1011086 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (1010) | (5741) | (50354) | (8063) | (2686) | (4210) | (229) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits |  | (393941) | (137495) | (14702) | (2343) | (11448) | (226) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (1) | (4023710) | 712888 | (96651) | (32) | 6498 | 7336 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (1011) | 371414 | 3165973 | 69207 | 1006025 | (9160) | 6881 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 1493 | 528952 | 5767081 | 108930 | 1097287 | 56402 | 34692 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 84982 | 2861797 | 10021729 | 521159 | 499180 | 584469 | 112819 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $86475 | $3390749 | $15788810 | $630089 | $1596467 | $640871 | $147511 |

---

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

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

(Continued)

See accompanying notes to financial statements.

**PLAIC VARIABLE ANNUITY ACCOUNT S**

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEAR OR PERIOD ENDED DECEMBER 31, 2024

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS | SUBACCOUNTS |
|  | T. Rowe Price<br> Blue Chip<br> Growth<br> Portfolio,<br> Class II | T. Rowe Price<br> Health<br> Sciences<br> Portfolio,<br> Class II | T. Rowe Price<br> Moderate<br> Allocation<br> Portfolio | Templeton<br> Developing<br> Markets VIP<br> Fund, Class 2 | Templeton<br> Foreign VIP<br> Fund, Class 2 | Templeton<br> Global Bond<br> VIP Fund,<br> Class 2 | Western Asset<br> Core Plus VIT<br> Portfolio,<br> Class II |
| INCREASE (DECREASE) IN NET ASSETS: |  |  |  |  |  |  |  |
| OPERATIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income (loss) | $(307) | $(850) | $9504 | $2516 | $1003 | $(121) | $27417 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net realized gain (loss) on investments | 6483 | 33255 | 12999 | 742 | 8 | (14) | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net unrealized appreciation (depreciation) on investments | 17984 | (27260) | 19997 | 963 | (1733) | (3841) | (30454) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net increase (decrease) in net assets resulting from operations | 24160 | 5145 | 42500 | 4221 | (722) | (3976) | (3046) |
| CONTRACT TRANSACTIONS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' net payments |  | 31006 |  | 4018 |  |  | 61584 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract maintenance charges | (175) | (2041) | (5780) | (327) |  |  | (2723) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contract owners' benefits |  | (9387) | (263) |  |  |  | (34556) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net transfers (to) from the Company and/or Subaccounts | (21773) | (24350) | - | 36427 | - | (2) | 10844 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in net assets resulting from Contract transactions | (21948) | (4772) | (6043) | 40118 | - | (2) | 35149 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total increase (decrease) in net assets | 2212 | 373 | 36457 | 44339 | (722) | (3978) | 32103 |
| NET ASSETS: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period | 82499 | 316024 | 436415 | 58449 | 50031 | 33978 | 300260 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period | $84711 | $316397 | $472872 | $102788 | $49309 | $30000 | $332363 |

---

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

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

(Concluded)

See accompanying notes to financial statements.

PLAIC VARIABLE ANNUITY ACCOUNT S

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

1. ORGANIZATION

The PLAIC Variable Annuity Account S (the "Separate Account"), a segregated unit investment trust registered under the Investment Company Act of 1940, as amended, was established by Protective Life and Annuity Insurance Company ("PLAIC" or the "Company") on February 5, 2021, and exists in accordance with the regulations of the Alabama Department of Insurance. The Company is a wholly owned subsidiary of Protective Life Insurance Company ("PLICO"). PLICO is a wholly owned subsidiary of Protective Life Corporation ("PLC"). PLC is a wholly owned subsidiary of Dai-ichi Life International Holding, LLC, a godo kaisha organized under the laws of Japan..

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

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

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

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

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

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

Schwab Genesis Advisory NY Variable Annuity<br> Schwab Genesis NY Variable Annuity

For the years or periods ended December 31, 2025 and 2024, the Separate Account offered up to 138 available Subaccount investment options, as follows:

AB VPS Discovery Value Portfolio, Class B

AB VPS Large Cap Growth Portfolio, Class B

AB VPS Relative Value Portfolio, Class B

AB VPS Small Cap Growth Portfolio, Class B

American Funds IS American Funds Global Balanced Fund, Class 4 \*

American Funds IS Asset Allocation Fund, Class 4

American Funds IS Capital Income Builder, Class 4 <sup>(a)</sup>

American Funds IS Capital World Bond Fund, Class 4 \*

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

American Funds IS Global Growth Fund, Class 4

American Funds IS Global Small Capitalization Fund, Class 4

American Funds IS Growth Fund, Class 4

American Funds IS Growth-Income Fund, Class 4

American Funds IS International Fund, Class 4

American Funds IS New World Fund, Class 4

American Funds IS The Bond Fund of America, Class 4

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

American Funds IS Washington Mutual Investors Fund, Class 4

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

BlackRock Global Allocation V.I. Fund, Class III

BlackRock International V.I. Fund, Class I

ClearBridge Variable Dividend Strategy Portfolio, Class II

ClearBridge Variable Large Cap Growth Portfolio, Class II

ClearBridge Variable Mid Cap Portfolio, Class II

ClearBridge Variable Small Cap Growth Portfolio, Class II

Columbia VP Balanced Fund, Class 2

Columbia VP Emerging Markets Bond Fund, Class 2 \*

Columbia VP Intermediate Bond Fund, Class 2

Columbia VP Limited Duration Credit Fund, Class 2

Columbia VP Select Mid Cap Value Fund, Class 2

Columbia VP Strategic Income Fund, Class 2

Empower Bond Index Fund, Investor Class

Fidelity VIP Asset Manager 50% Portfolio, Service Class 2

Fidelity VIP Asset Manager 70% Portfolio, Service Class 2 \*

Fidelity VIP Balanced Portfolio, Service Class 2

Fidelity VIP Bond Index Portfolio, Service Class 2

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

Fidelity VIP Energy Portfolio, Service Class 2

Fidelity VIP Extended Market Index Portfolio, Service Class 2

Fidelity VIP FundsManager 20% Portfolio, Service Class 2

Fidelity VIP FundsManager 60% Portfolio, Service Class 2 <sup>(a)</sup>

Fidelity VIP FundsManager 85% Portfolio, Service Class 2 \*

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

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

Fidelity VIP Health Care Portfolio, Service Class 2

Fidelity VIP International Capital Appreciation Portfolio, Service Class 2

Fidelity VIP International Index Portfolio, Service Class 2

Fidelity VIP Investment Grade Bond Portfolio, Service Class 2

Fidelity VIP Mid Cap Portfolio, Service Class 2

Fidelity VIP Target Volatility Portfolio, Service Class 2 \*

Fidelity VIP Technology Portfolio, Initial Class

Fidelity VIP Total Market Index Portfolio, Service Class 2

Fidelity VIP Utilities Portfolio, Initial Class

Fidelity VIP Value Strategies Portfolio, Service Class 2

Franklin DynaTech VIP Fund, Class 2

Franklin Income VIP Fund, Class 2

Franklin Mutual Global Discovery VIP Fund, Class 2 \*

Franklin Mutual Shares VIP Fund, Class 2 \*

Franklin Rising Dividends VIP Fund, Class 2

Franklin Small Cap Value VIP Fund, Class 2

Franklin Small-Mid Cap Growth VIP Fund, Class 2

Franklin Strategic Income VIP Fund, Class 2 \*

Goldman Sachs VIT Core Fixed Income Fund, Service Class <sup>(a)</sup>

Goldman Sachs VIT Mid Cap Growth Fund, Service Class

Goldman Sachs VIT Mid Cap Value Fund, Service Class

Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class

Goldman Sachs VIT Strategic Growth Fund, Service Class

Goldman Sachs VIT Trend Driven Allocation Fund, Service Class \*

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

Invesco V.I. Comstock Fund, Series II

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

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

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

Invesco V.I. Global Fund, Series II \*

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

Invesco V.I. Government Securities Fund, Series II

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

Invesco V.I. Main Street Fund, Series II

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

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

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

Janus Henderson VIT Forty Portfolio, Service Shares \*

Janus Henderson VIT Global Sustainable Equity Portfolio, Service Shares \*

Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares <sup>(a)</sup>

Janus Henderson VIT Overseas Portfolio, Service Shares

Lord Abbett Series Fund Bond Debenture Portfolio, Class VC

Lord Abbett Series Fund Dividend Growth Portfolio, Class VC \*

Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC

Lord Abbett Series Fund Growth Opportunities Portfolio, Class VC \*

Lord Abbett Series Fund Short Duration Income Portfolio, Class VC

LVIP American Century Balanced Fund, Standard Class II \*

LVIP American Century Disciplined Core Value Fund, Standard Class II \*

LVIP American Century International Fund, Standard Class II \*

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

MFS VIT Growth Series, Service Class \*

MFS VIT II Core Equity Portfolio, Service Class \*

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

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

MFS VIT II Massachusetts Investors Growth Stock Portfolio, Service Class \*

MFS VIT II Research International Portfolio, Service Class \*

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

MFS VIT III Global Real Estate Portfolio, Service Class <sup>(a)</sup>

MFS VIT III Mid Cap Value Portfolio, Service Class <sup>(a)</sup>

MFS VIT Mid Cap Growth Series, Service Class (a)

MFS VIT New Discovery Series, Service Class \*

MFS VIT Total Return Series, Service Class \*

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

Morgan Stanley VIF Global Infrastructure Portfolio <sup>(a)</sup>

Morgan Stanley VIF Global Strategist Portfolio, Class II \*

Morgan Stanley VIF Growth Portfolio, Class II

PIMCO VIT All Asset Portfolio, Advisor Class \*

PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class <sup>(a)</sup>

PIMCO VIT Emerging Markets Bond Portfolio, Advisor Class \*

PIMCO VIT Global Diversified Allocation Portfolio, Advisor Class \*

PIMCO VIT High Yield Portfolio, Advisor Class

PIMCO VIT Income Portfolio, Advisor Class

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

PIMCO VIT Low Duration Portfolio, Advisor Class

PIMCO VIT Real Return Portfolio, Advisor Class

PIMCO VIT Short-Term Portfolio, Advisor Class

PIMCO VIT Total Return Portfolio, Advisor Class

Protective Life Dynamic Allocation Series Conservative Portfolio

Protective Life Dynamic Allocation Series Growth Portfolio \*

Protective Life Dynamic Allocation Series Moderate Portfolio \*

Royce Capital Fund Small-Cap Portfolio, Service Class

Schwab Government Money Market Portfolio

Schwab S&P 500 Index Portfolio

Schwab VIT Balanced Portfolio

Schwab VIT Balanced with Growth Portfolio

Schwab VIT Growth Portfolio

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

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

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

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

Templeton Developing Markets VIP Fund, Class 2

Templeton Foreign VIP Fund, Class 2

Templeton Global Bond VIP Fund, Class 2

Western Asset Core Plus VIT Portfolio, Class II

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

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

Subaccount Changes: Mergers<br> During 2024, the following Subaccount was merged:

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

Subaccount Changes: Liquidations<br> During 2024, the following Subaccounts were liquidated:

<u>Subaccount Name</u> <u>Date of Liquidation</u> <br> Morgan Stanley VIF Global Infrastructure Portfolio December 5, 2024

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

During 2025 and 2024, the following Subaccounts commenced trading:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Subaccount Name</u> | &nbsp;&nbsp;<u>Date Trading Commenced</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Funds IS Capital Income Builder, Class 4 | &nbsp;&nbsp;October 14, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity VIP Contrafund Portfolio, Service Class 2 | &nbsp;&nbsp;July 12, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | &nbsp;&nbsp;February 13, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | &nbsp;&nbsp;July 25, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity VIP Growth Portfolio, Service Class 2 | &nbsp;&nbsp;February 16, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs VIT Core Fixed Income Fund, Service Class | &nbsp;&nbsp;October 14, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Janus Henderson VIT Balanced Portfolio, Service Shares | &nbsp;&nbsp;September 17, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | &nbsp;&nbsp;January 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LVIP American Century Ultra Fund, Standard Class II | &nbsp;&nbsp;February 16, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MFS VIT Mid Cap Growth Series, Service Class | &nbsp;&nbsp;August 15, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MFS VIT II International Growth Portfolio, Service Class | &nbsp;&nbsp;February 16, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MFS VIT II International Intrinsic Value Portfolio, Service Class | &nbsp;&nbsp;February 16, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | &nbsp;&nbsp;October 17, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MFS VIT III Global Real Estate Portfolio, Service Class | &nbsp;&nbsp;March 27, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MFS VIT III Mid Cap Value Portfolio, Service Class | &nbsp;&nbsp;February 16, 2024 |

---

Morgan Stanley VIF Discovery Portfolio, Class II July 12, 2024 <br> PIMCO CommodityRealReturn Strategy Portfolio, Advisor Class January 29, 2024

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

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

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

2. SIGNIFICANT ACCOUNTING POLICIES

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

<u>Investment valuation</u>

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

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

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

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

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

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

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

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

<u>Receivable from dividends</u>

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

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

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

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

Net assets allocated to Contracts in the annuity payout period are computed according to the Annuity 2000 Mortality Table with an assumed investment return of 5%. The mortality risk is fully borne by the Company and may result in additional amounts being transferred into the Separate Account by the Company to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the Company for the calculated or excess differential. Any adjustments to these amounts are reflected in net transfers (to) from the Company and/or Subaccounts on the Statements of Changes in Net Assets of the applicable Subaccounts. Currently there are no Contracts in the annuity payout period.

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

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

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

Net realized gains and losses on investments include gains and losses on redemptions of the Subaccounts' shares (determined for each product using the last-in-first-out (LIFO) 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/or Subaccounts include transfers between the Subaccounts of the Separate Account as well as transfers between the Separate Account and the Company.

<u>Federal income taxes</u>

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

<u>Use of estimates</u>

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

<u>Risks and uncertainties</u>

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

3. PURCHASES AND SALES OF INVESTMENTS

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

---

| | | |
|:---|:---|:---|
| Subaccount | Purchases | Sales |
| AB VPS Discovery Value Portfolio, Class B | $10168 | $2063 |
| AB VPS Large Cap Growth Portfolio, Class B | 245553 | 160998 |
| AB VPS Relative Value Portfolio, Class B | 69140 | 45735 |
| AB VPS Small Cap Growth Portfolio, Class B | 7397 | 7103 |
| American Funds IS Asset Allocation Fund, Class 4 | 657056 | 734567 |
| American Funds IS Capital Income Builder, Class 4 | 88 | 15 |
| American Funds IS Capital World Growth and Income Fund, Class 4 | 30878 | 16969 |
| American Funds IS Global Growth Fund, Class 4 | 68552 | 37915 |
| American Funds IS Global Small Capitalization Fund, Class 4 | 271295 | 269638 |
| American Funds IS Growth Fund, Class 4 | 194085 | 778584 |
| American Funds IS Growth-Income Fund, Class 4 | 136256 | 23250 |
| American Funds IS International Fund, Class 4 | 2076 | 3055 |
| American Funds IS New World Fund, Class 4 | 10141 | 9036 |
| American Funds IS The Bond Fund of America, Class 4 | 76787 | 45016 |
| American Funds IS U.S. Government Securities Fund, Class 4 | 27969 | 21473 |
| American Funds IS Washington Mutual Investors Fund, Class 4 | 294280 | 276149 |
| BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | 33358 | 50008 |
| BlackRock Global Allocation V.I. Fund, Class III | 24281 | 2250 |
| BlackRock International V.I. Fund, Class I | 69950 | 74151 |
| ClearBridge Variable Dividend Strategy Portfolio, Class II | 144054 | 36456 |
| ClearBridge Variable Large Cap Growth Portfolio, Class II | 178 | 11 |
| ClearBridge Variable Mid Cap Portfolio, Class II | 16845 | 4566 |
| ClearBridge Variable Small Cap Growth Portfolio, Class II | 16500 | 34930 |
| Columbia VP Balanced Fund, Class 2 | 220998 | 1538 |
| Columbia VP Intermediate Bond Fund, Class 2 | 19367 | 5770 |
| Columbia VP Limited Duration Credit Fund, Class 2 | 19874 | 14999 |
| Columbia VP Select Mid Cap Value Fund, Class 2 | 2522 | 4102 |
| Columbia VP Strategic Income Fund, Class 2 | 11137 | 4894 |
| Empower Bond Index Fund, Investor Class | 6382 | 1358 |
| Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | 35643 | 6391 |
| Fidelity VIP Balanced Portfolio, Service Class 2 | 169913 | 105853 |
| Fidelity VIP Bond Index Portfolio, Service Class 2 | 94593 | 409142 |
| Fidelity VIP Contrafund Portfolio, Service Class 2 | 97856 | 74366 |
| Fidelity VIP Energy Portfolio, Service Class 2 | 1774 | 858 |
| Fidelity VIP Extended Market Index Portfolio, Service Class 2 | 16337 | 127789 |
| Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | 65206 | 104171 |
| Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | 7893 | 79496 |
| Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | 718 | 8599 |
| Fidelity VIP Growth Portfolio, Service Class 2 | 20219 | 16265 |
| Fidelity VIP Health Care Portfolio, Service Class 2 | 9232 | 452 |
| Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | 47952 | 62665 |
| Fidelity VIP International Index Portfolio, Service Class 2 | 134472 | 312450 |
| Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | 48210 | 35870 |
| Fidelity VIP Mid Cap Portfolio, Service Class 2 | 144035 | 62966 |
| Fidelity VIP Technology Portfolio, Initial Class | 85017 | 46141 |

---

---

| | | |
|:---|:---|:---|
| Subaccount | Purchases | Sales |
| Fidelity VIP Total Market Index Portfolio, Service Class 2 | $7560 | $291448 |
| Fidelity VIP Utilities Portfolio, Initial Class | 12806 | 17488 |
| Fidelity VIP Value Strategies Portfolio, Service Class 2 | 47938 | 93492 |
| Franklin DynaTech VIP Fund, Class 2 | 3600 | 917 |
| Franklin Income VIP Fund, Class 2 | 14581 | 1383 |
| Franklin Rising Dividends VIP Fund, Class 2 | 77227 | 47776 |
| Franklin Small Cap Value VIP Fund, Class 2 | 27000 | 4678 |
| Franklin Small-Mid Cap Growth VIP Fund, Class 2 | 59018 | 36871 |
| Goldman Sachs VIT Core Fixed Income Fund, Service Class | 147 | 18 |
| Goldman Sachs VIT Mid Cap Growth Fund, Service Class | 23554 | 619 |
| Goldman Sachs VIT Mid Cap Value Fund, Service Class | 18540 | 2267 |
| Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | 65134 | 56935 |
| Goldman Sachs VIT Strategic Growth Fund, Service Class | 15297 | 45529 |
| Invesco V.I. Comstock Fund, Series II | 94762 | 15779 |
| Invesco V.I. Equity and Income Fund, Series II | 94894 | 11518 |
| Invesco V.I. Global Real Estate Fund, Series II | 5396 | 6549 |
| Invesco V.I. Government Securities Fund, Series II | 15973 | 26723 |
| Invesco V.I. Growth and Income Fund, Series II | 8326 | 592 |
| Invesco V.I. Main Street Fund, Series II | 10344 | 5916 |
| Invesco V.I. Main Street Small Cap Fund, Series II | 81963 | 36281 |
| Invesco V.I. U.S. Government Money Portfolio, Series I | 478 | 8642 |
| Janus Henderson VIT Balanced Portfolio, Service Shares | 2964 | 277 |
| Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | 15041 | 13856 |
| Janus Henderson VIT Overseas Portfolio, Service Shares | 1121 | 980 |
| Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | 20367 | 21944 |
| Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | 12074 | 1631 |
| Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | 99090 | 85823 |
| LVIP American Century Ultra Fund, Standard Class II |  | 14293 |
| MFS VIT II International Growth Portfolio, Service Class | 6661 | 21058 |
| MFS VIT II International Intrinsic Value Portfolio, Service Class | 7961 | 25981 |
| MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class |  | 7439 |
| MFS VIT III Global Real Estate Portfolio, Service Class | 76 | 29 |
| MFS VIT III Mid Cap Value Portfolio, Service Class | 14572 | 11737 |
| MFS VIT Mid Cap Growth Series, Service Class | 47473 | 5980 |
| Morgan Stanley VIF Discovery Portfolio, Class II | 108 | 122 |
| Morgan Stanley VIF Growth Portfolio, Class II | 15000 | 2955 |
| Morgan Stanley VIF Global Infrastructure Portfolio | 15936 | 162155 |
| Morgan Stanley VIF Growth Portfolio, Class II | 48391 | 35366 |
| PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | 45 | 399 |
| PIMCO VIT Low Duration Portfolio, Advisor Class | 15712 | 8841 |
| PIMCO VIT Real Return Portfolio, Advisor Class | 139111 | 132398 |
| PIMCO VIT Short-Term Portfolio, Advisor Class | 228908 | 31071 |
| PIMCO VIT Total Return Portfolio, Advisor Class | 137574 | 490509 |
| Protective Life Dynamic Allocation Series Conservative Portfolio | 4399 | 3342 |
| Royce Capital Fund Small-Cap Portfolio, Service Class | 7890 | 1076 |
| Schwab Government Money Market Portfolio | 1346507 | 1913847 |
| Schwab S&P 500 Index Portfolio | 437952 | 3390153 |
| Schwab VIT Balanced Portfolio | 28654 | 14154 |

---

---

| | | |
|:---|:---|:---|
| Subaccount | Purchases | Sales |
| Schwab VIT Balanced with Growth Portfolio | $82897 | $57063 |
| Schwab VIT Growth Portfolio | 51745 | 6284 |
| T. Rowe Price All-Cap Opportunities Portfolio | 18651 | 1268 |
| T. Rowe Price Blue Chip Growth Portfolio, Class II | 8345 | 6019 |
| T. Rowe Price Health Sciences Portfolio, Class II | 16440 | 16361 |
| T. Rowe Price Moderate Allocation Portfolio | 34271 | 6685 |
| Templeton Developing Markets VIP Fund, Class 2 | 50344 | 73863 |
| Templeton Foreign VIP Fund, Class 2 | 5019 | 256 |
| Templeton Global Bond VIP Fund, Class 2 |  | 124 |
| Western Asset Core Plus VIT Portfolio, Class II | 33705 | 199148 |

---

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) |
| AB VPS Discovery Value Portfolio, Class B |  | 141 | (141) | 361 | 500 | (139) |
| AB VPS Large Cap Growth Portfolio, Class B | 6333 | 9315 | (2982) | 19854 | 7923 | 11931 |
| AB VPS Relative Value Portfolio, Class B | 912 | 3012 | (2100) | 11631 | 1072 | 10559 |
| AB VPS Small Cap Growth Portfolio, Class B | 865 | 693 | 172 | 1972 | 234 | 1738 |
| American Funds IS Asset Allocation Fund, Class 4 | 39343 | 48387 | (9044) | 4352 | 1336 | 3016 |
| American Funds IS Capital Income Builder, Class 4 |  |  |  | 216 |  | 216 |
| American Funds IS Capital World Growth and Income Fund, Class 4 |  | 930 | (930) | 275 | 995 | (720) |
| American Funds IS Global Growth Fund, Class 4 | 300 | 2534 | (2234) | 2886 | 779 | 2107 |
| American Funds IS Global Small Capitalization Fund, Class 4 | 24511 | 24778 | (267) | 31998 | 23660 | 8338 |
| American Funds IS Growth Fund, Class 4 | 3718 | 39947 | (36229) | 14987 | 1229 | 13758 |
| American Funds IS Growth-Income Fund, Class 4 | 50 | 1132 | (1082) | 675 | 1214 | (539) |
| American Funds IS International Fund, Class 4 | 87 | 247 | (160) | 243 | 1232 | (989) |
| American Funds IS New World Fund, Class 4 | 122 | 628 | (506) | 2677 | 1426 | 1251 |
| American Funds IS The Bond Fund of America, Class 4 | 3589 | 4430 | (841) | 42184 | 1936 | 40248 |
| American Funds IS U.S. Government Securities Fund, Class 4 | 12 | 2108 | (2096) | 6325 | 2343 | 3982 |
| American Funds IS Washington Mutual Investors Fund, Class 4 | 13187 | 14265 | (1078) | 21600 | 16196 | 5404 |
| BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III |  | 3769 | (3769) | 44671 | 439 | 44232 |
| BlackRock Global Allocation V.I. Fund, Class III | 1119 | 178 | 941 | 2268 | 96 | 2172 |
| BlackRock International V.I. Fund, Class I | 6355 | 7282 | (927) | 9678 | 7504 | 2174 |
| ClearBridge Variable Dividend Strategy Portfolio, Class II | 75 | 2154 | (2079) | 10825 | 1188 | 9637 |
| ClearBridge Variable Large Cap Growth Portfolio, Class II |  |  |  | 158 | 430 | (272) |
| ClearBridge Variable Mid Cap Portfolio, Class II |  | 279 | (279) |  | 413 | (413) |
| ClearBridge Variable Small Cap Growth Portfolio, Class II | 751 | 3574 | (2823) | 3722 | 2056 | 1666 |
| Columbia VP Balanced Fund, Class 2 | 17308 | 18 | 17290 | 8211 | 35 | 8176 |
| Columbia VP Intermediate Bond Fund, Class 2 | 10 | 521 | (511) | 10910 | 255 | 10655 |
| Columbia VP Limited Duration Credit Fund, Class 2 | 681 | 1361 | (680) | 16113 | 19 | 16094 |
| Columbia VP Select Mid Cap Value Fund, Class 2 | 168 | 266 | (98) | 1368 | 261 | 1107 |
| Columbia VP Strategic Income Fund, Class 2 | 432 | 432 |  | 8633 | 244 | 8389 |
| Empower Bond Index Fund, Investor Class | 261 | 84 | 177 | 210 | 31 | 179 |
| Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 |  | 425 | (425) |  | 537 | (537) |
| Fidelity VIP Balanced Portfolio, Service Class 2 | 636 | 7306 | (6670) | 73425 | 2270 | 71155 |
| Fidelity VIP Bond Index Portfolio, Service Class 2 | 3909 | 41853 | (37944) | 145094 | 19462 | 125632 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 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) |
| Fidelity VIP Contrafund Portfolio, Service Class 2 | 6174 | 6138 | 36 | 11504 |  | 11504 |
| Fidelity VIP Energy Portfolio, Service Class 2 | 52 | 38 | 14 | 1684 | 10 | 1674 |
| Fidelity VIP Extended Market Index Portfolio, Service Class 2 | 490 | 10473 | (9983) | 57473 | 2489 | 54984 |
| Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | 5487 | 9220 | (3733) | 526 | 582 | (56) |
| Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | 670 | 6664 | (5994) | 5994 |  | 5994 |
| Fidelity VIP Growth Opportunities Portfolio, Service Class 2 |  | 519 | (519) | 3384 | 7 | 3377 |
| Fidelity VIP Growth Portfolio, Service Class 2 | 12 | 913 | (901) | 9346 | 10 | 9336 |
| Fidelity VIP Health Care Portfolio, Service Class 2 |  |  |  |  |  |  |
| Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | 3372 | 4623 | (1251) | 10486 | 3559 | 6927 |
| Fidelity VIP International Index Portfolio, Service Class 2 | 7127 | 23335 | (16208) | 70041 | 16452 | 53589 |
| Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | 2003 | 3531 | (1528) | 13854 | 4885 | 8969 |
| Fidelity VIP Mid Cap Portfolio, Service Class 2 | 707 | 3514 | (2807) | 24042 | 1340 | 22702 |
| Fidelity VIP Technology Portfolio, Initial Class | 874 | 2548 | (1674) | 19336 | 3474 | 15862 |
| Fidelity VIP Total Market Index Portfolio, Service Class 2 | 172 | 16780 | (16608) | 10061 | 2664 | 7397 |
| Fidelity VIP Utilities Portfolio, Initial Class |  | 931 | (931) | 7004 | 5 | 6999 |
| Fidelity VIP Value Strategies Portfolio, Service Class 2 | 3387 | 7349 | (3962) | 7842 | 3012 | 4830 |
| Franklin DynaTech VIP Fund, Class 2 | 257 |  | 257 |  |  |  |
| Franklin Income VIP Fund, Class 2 | 3 | 22 | (19) | 16272 | 23 | 16249 |
| Franklin Rising Dividends VIP Fund, Class 2 | 298 | 2908 | (2610) | 5071 | 1092 | 3979 |
| Franklin Small Cap Value VIP Fund, Class 2 | 348 | 232 | 116 | 1284 | 1133 | 151 |
| Franklin Small-Mid Cap Growth VIP Fund, Class 2 | 3797 | 3136 | 661 | 3715 | 3686 | 29 |
| Goldman Sachs VIT Core Fixed Income Fund, Service Class |  |  |  | 443 |  | 443 |
| Goldman Sachs VIT Mid Cap Growth Fund, Service Class | 144 | 8 | 136 |  | 19565 | (19565) |
| Goldman Sachs VIT Mid Cap Value Fund, Service Class |  | 110 | (110) |  | 135 | (135) |
| Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | 3004 | 4268 | (1264) | 6361 | 4554 | 1807 |
| Goldman Sachs VIT Strategic Growth Fund, Service Class | 238 | 2585 | (2347) | 4687 | 2 | 4685 |
| Invesco V.I. Comstock Fund, Series II | 364 | 635 | (271) | 1329 | 1709 | (380) |
| Invesco V.I. Conservative Balanced Fund, Series II |  |  |  | 1912 | 23868 | (21956) |
| Invesco V.I. Equity and Income Fund, Series II | 8 | 386 | (378) | 17643 | 285 | 17358 |
| Invesco V.I. Global Real Estate Fund, Series II | 76 | 520 | (444) | 1348 | 1117 | 231 |
| Invesco V.I. Government Securities Fund, Series II | 852 | 2755 | (1903) | 22982 | 1258 | 21724 |
| Invesco V.I. Growth and Income Fund, Series II |  | 10 | (10) |  | 10 | (10) |
| Invesco V.I. Main Street Fund, Series II | 397 | 342 | 55 | 58 | 659 | (601) |
| Invesco V.I. Main Street Small Cap Fund, Series II | 1996 | 2768 | (772) | 18125 | 2257 | 15868 |
| Invesco V.I. U.S. Government Money Portfolio, Series I |  | 766 | (766) | 8 | 66 | (58) |
| Janus Henderson VIT Balanced Portfolio, Service Shares |  |  |  | 4971 |  | 4971 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 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) |
| Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | 994 | 994 |  |  |  |  |
| Janus Henderson VIT Overseas Portfolio, Service Shares | 3 | 60 | (57) | 7251 | 781 | 6470 |
| Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | 439 | 1981 | (1542) | 10719 | 312 | 10407 |
| Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC |  | 77 | (77) |  | 95 | (95) |
| Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | 8549 | 7948 | 601 | 10523 | 7523 | 3000 |
| LVIP American Century Ultra Fund, Standard Class II | 0 \* | 964 | (964) | 964 |  | 964 |
| MFS VIT II International Growth Portfolio, Service Class |  | 1592 | (1592) | 9685 | 13 | 9672 |
| MFS VIT II International Intrinsic Value Portfolio, Service Class |  | 1867 | (1867) | 9753 | 13 | 9740 |
| MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | 0 \* | 665 | (665) | 665 |  | 665 |
| MFS VIT III Global Real Estate Portfolio, Service Class |  |  |  | 610 |  | 610 |
| MFS VIT III Mid Cap Value Portfolio, Service Class | 428 | 884 | (456) | 7530 | 11 | 7519 |
| MFS VIT Mid Cap Growth Series, Service Class |  | 397 | (397) | 18159 | 136 | 18023 |
| Morgan Stanley VIF Discovery Portfolio, Class II |  |  |  | 1374 |  | 1374 |
| Morgan Stanley VIF Global Infrastructure Portfolio |  |  |  |  | 2042 | (2042) |
| Morgan Stanley VIF Growth Portfolio, Class II | 1032 | 264 | 768 | 264 |  | 264 |
| PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class |  |  |  | 537 | 537 |  |
| PIMCO VIT High Yield Portfolio, Advisor Class | 23 | 14454 | (14431) | 1944 | 415 | 1529 |
| PIMCO VIT Income Portfolio, Advisor Class | 1773 | 3065 | (1292) | 25238 | 2259 | 22979 |
| PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class |  | 57 | (57) |  | 206 | (206) |
| PIMCO VIT Low Duration Portfolio, Advisor Class | 84 | 755 | (671) | 21 | 894 | (873) |
| PIMCO VIT Real Return Portfolio, Advisor Class | 11837 | 12605 | (768) | 14475 | 15001 | (526) |
| PIMCO VIT Short-Term Portfolio, Advisor Class | 16248 | 2513 | 13735 | 9578 | 1773 | 7805 |
| PIMCO VIT Total Return Portfolio, Advisor Class | 7241 | 51477 | (44236) | 51019 | 5251 | 45768 |
| Protective Life Dynamic Allocation Series Conservative Portfolio | 82 | 269 | (187) | 146 | 283 | (137) |
| Royce Capital Fund Small-Cap Portfolio, Service Class |  | 48 | (48) |  | 59 | (59) |
| Schwab Government Money Market Portfolio | 108818 | 169668 | (60850) | 461412 | 425341 | 36071 |
| Schwab S&P 500 Index Portfolio | 14118 | 172353 | (158235) | 231889 | 44516 | 187373 |
| Schwab VIT Balanced Portfolio | 36 | 984 | (948) | 16792 | 10817 | 5975 |
| Schwab VIT Balanced with Growth Portfolio |  | 3534 | (3534) | 84184 | 412 | 83772 |
| Schwab VIT Growth Portfolio |  | 250 | (250) | 467 | 1200 | (733) |
| T. Rowe Price All-Cap Opportunities Portfolio |  | 37 | (37) | 539 | 64 | 475 |
| T. Rowe Price Blue Chip Growth Portfolio, Class II |  | 374 | (374) | 276 | 2101 | (1825) |
| T. Rowe Price Health Sciences Portfolio, Class II | 339 | 1569 | (1230) | 4005 | 4339 | (334) |
| T. Rowe Price Moderate Allocation Portfolio |  | 452 | (452) |  | 561 | (561) |
| Templeton Developing Markets VIP Fund, Class 2 | 3821 | 5780 | (1959) | 9787 | 5852 | 3935 |
| Templeton Foreign VIP Fund, Class 2 |  |  |  |  |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | 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) |
| Templeton Global Bond VIP Fund, Class 2 |  |  |  |  |  |  |
| Western Asset Core Plus VIT Portfolio, Class II | 2226 | 21257 | (19031) | 10587 | 6552 | 4035 |
| \* The Subaccount has units that round to less than one. |  |  |  |  |  |  |
| Note: Units may not appear to foot/crossfoot due to rounding. |  |  |  |  |  |  |

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5. EXPENSES AND RELATED PARTY TRANSACTIONS

The fees and charges below are the current expenses deducted by the Subaccount from either the net unit value or from the Contract as a redemption of units. Fees and charges may vary based on factors such as the product purchased, optional benefits chosen, benefit base, asset base, death benefit option elected, a Contract's total asset value, age of Contract, surrender amount, if a surrender is requested during the period specified, Subaccounts selected, transaction amount, and/or transaction frequency. The fees and charges are recorded, as applicable, to the respective Subaccount in the Separate Account. Redemption of units deductions are made to the individual Contracts in accordance with the terms which govern each annuity, as set forth in the Contract.

The minimum and maximum Contract expenses offered by the Company may not directly equate to the minimum and maximum expense ratios by Subaccount in the Financial Highlights footnote as Contract owners across all products offered may not have invested in all available products during the current year.

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| | |
|:---|:---|
| &nbsp;&nbsp;**Expense Type** | &nbsp;&nbsp;**Range** |
| &nbsp;&nbsp;**Administrative Fee** |  |
| &nbsp;&nbsp;This fee is assessed to reimburse the Company for expenses incurred in the administration of the Contract and the Separate Account. The fee is deducted daily, assessed through a reduction of net unit values, and recorded as mortality and expense risk and admin within the Statements of Operations. | &nbsp;&nbsp;a daily fee amounting to a per annum aggregate of 0.10% of the average daily net assets of each Subaccount |
| &nbsp;&nbsp;**Mortality and Expense Risk Fee** |  |
| &nbsp;&nbsp;This fee is assessed to reimburse the Company for assuming mortality and expense risks. The fee is deducted daily, assessed through a reduction of net unit values, and recorded as mortality and expense risk and admin in the Statements of Operations. | &nbsp;&nbsp;a daily fee amounting to a per annum aggregate of 0.15% - 0.35% of the average daily net assets of each Subaccount |
| &nbsp;&nbsp;**Deductions for Premium Taxes** |  |
| &nbsp;&nbsp;New York does not currently impose premium taxes on variable annuities; if premium taxes are imposed in the future, the mandated amount would be deducted from the contribution when it is received which will in turn reduce Contract owners' net payments on the Statements of Changes in Net Assets. | &nbsp;&nbsp;the mandated percentage of each contribution |
| &nbsp;&nbsp;**Transfer Charge** |  |
| &nbsp;&nbsp;Currently there is no charge assessed for transfers; however, the Company has reserved the right to charge for transfers as reimbursement for costs incurred when transferring funds. The charge would be deducted upon transfer, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statements of Changes in Net Assets. | &nbsp;&nbsp;$25 per transfer, after the first 12 transfers in any Contract year |
| &nbsp;&nbsp;**Charge for Optional SecurePay Rider** |  |
| &nbsp;&nbsp;This charge, if applicable, is assessed to reimburse the Company for costs and risks stemming from optional benefits elected by the Contract owner. The charge is deducted monthly, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statements of Changes in Net Assets. | &nbsp;&nbsp;maximum of 2.20% of benefit base |

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---

| | |
|:---|:---|
| &nbsp;&nbsp;**Expense Type** | &nbsp;&nbsp;**Range** |
| &nbsp;&nbsp;**Charge for Optional Return of Purchase Payments Death Benefit** |  |
| &nbsp;&nbsp;This charge, if applicable, is assessed to reimburse the Company for costs and risks stemming from optional death benefits elected by the Contract owner. The charge is deducted annually, assessed through a redemption of units, and recorded as Contract maintenance charges within the Statements of Changes in Net Assets. | &nbsp;&nbsp;a monthly charge amounting to a per annum aggregate of 0.20% of the death benefit value |

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6. FINANCIAL
HIGHLIGHTS

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

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

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | 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) | 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 |
| AB VPS Discovery Value Portfolio, Class B |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 7 | $12.55 | $12.43 | $88 | 0.60% | 0.25% | 0.45% | 2.38% | 2.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 7 | 12.26 | 12.16 | 88 | 0.63% | 0.25% | 0.45% | 9.44% | 9.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 7 | 11.20 | 11.14 | 82 | 0.90% | 0.25% | 0.45% | 16.57% | 16.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 4 | 9.61 | 9.57 | 40 | 0.50% | 0.25% | 0.45% | (16.03)% | (16.20)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 6 | 11.44 | 11.44 | 73 | 0.00% | 0.25% | 0.25% | 4.88% | 4.88% |
| AB VPS Large Cap Growth Portfolio, Class B | AB VPS Large Cap Growth Portfolio, Class B |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 85 | 17.82 | 17.65 | 1503 | 0.00% | 0.25% | 0.45% | 12.57% | 12.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 88 | 15.83 | 15.71 | 1383 | 0.00% | 0.25% | 0.45% | 24.64% | 24.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 76 | 12.70 | 12.63 | 959 | 0.00% | 0.25% | 0.45% | 34.45% | 34.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 73 | 9.45 | 9.41 | 685 | 0.00% | 0.25% | 0.45% | (28.87)% | (29.01)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 20 | 13.26 | 13.26 | 264 | 0.00% | 0.45% | 0.45% | 3.92% | 3.92% |
| AB VPS Relative Value Portfolio, Class B |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 41 | 15.53 | 15.38 | 638 | 0.88% | 0.25% | 0.45% | 9.92% | 9.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 43 | 14.13 | 14.02 | 610 | 1.32% | 0.25% | 0.45% | 12.48% | 12.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 33 | 12.56 | 12.49 | 410 | 1.38% | 0.25% | 0.45% | 11.44% | 11.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 12 | 11.27 | 11.23 | 138 | 1.42% | 0.25% | 0.45% | (4.66)% | (4.85)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 4 | 11.82 | 11.82 | 42 | 0.00% | 0.25% | 0.25% | 1.67% | 1.67% |

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---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | 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 |
| AB VPS Small Cap Growth Portfolio, Class B | AB VPS Small Cap Growth Portfolio, Class B |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 23 | $9.33 | $9.24 | $216 | 0.00% | 0.25% | 0.45% | 4.19% | 3.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 23 | 8.95 | 8.88 | 206 | 0.00% | 0.25% | 0.45% | 18.15% | 17.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 21 | 7.58 | 7.53 | 161 | 0.00% | 0.25% | 0.45% | 17.43% | 17.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 23 | 6.45 | 6.43 | 146 | 0.00% | 0.25% | 0.45% | (39.42)% | (39.54)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 0 \* | 10.65 | 10.65 | 2 | 0.00% | 0.25% | 0.25% | 2.72% | 2.72% |
| American Funds IS Asset Allocation Fund, Class 4 | American Funds IS Asset Allocation Fund, Class 4 | American Funds IS Asset Allocation Fund, Class 4 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 46 | 16.06 | 15.90 | 731 | 1.74% | 0.25% | 0.45% | 15.30% | 15.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 55 | 13.93 | 13.82 | 760 | 2.07% | 0.25% | 0.45% | 15.82% | 15.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 52 | 12.03 | 11.95 | 621 | 2.08% | 0.25% | 0.45% | 11.28% | 13.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 47 | 10.53 | 10.53 | 498 | 1.89% | 0.45% | 0.45% | (14.05)% | (14.05)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 35 | 12.25 | 12.25 | 426 | 1.87% | 0.45% | 0.45% | 11.24% | 11.24% |
| American Funds IS Capital Income Builder, Class 4 | American Funds IS Capital Income Builder, Class 4 | American Funds IS Capital Income Builder, Class 4 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 0 \* | 16.03 | 16.03 | 3 | 2.75% | 0.45% | 0.45% | 19.62% | 19.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 0 \* | 13.40 | 13.40 | 3 | 33.54% | 0.45% | 0.45% | (3.28)% | (3.28)% |
| American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 | American Funds IS Capital World Growth and Income Fund, Class 4 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 38 | 18.00 | 17.81 | 689 | 1.27% | 0.25% | 0.45% | 24.15% | 23.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 39 | 14.50 | 14.38 | 568 | 1.53% | 0.25% | 0.45% | 13.41% | 13.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 40 | 12.78 | 12.70 | 510 | 1.83% | 0.25% | 0.45% | 20.35% | 20.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 34 | 10.62 | 10.58 | 364 | 2.92% | 0.25% | 0.45% | (3.03)% | (3.17)% |
| American Funds IS Global Growth Fund, Class 4 | American Funds IS Global Growth Fund, Class 4 | American Funds IS Global Growth Fund, Class 4 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 31 | 15.95 | 15.78 | 492 | 1.22% | 0.25% | 0.45% | 21.04% | 20.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 33 | 13.17 | 13.06 | 436 | 1.42% | 0.25% | 0.45% | 13.10% | 12.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 31 | 11.65 | 11.57 | 361 | 0.97% | 0.25% | 0.45% | 21.99% | 21.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 11 | 9.55 | 9.51 | 106 | 0.52% | 0.25% | 0.45% | (25.11)% | (25.26)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 6 | 12.75 | 12.72 | 73 | 0.27% | 0.25% | 0.45% | 3.12% | 6.92% |

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | 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 |
| American Funds IS Global Small Capitalization Fund, Class 4 | American Funds IS Global Small Capitalization Fund, Class 4 | American Funds IS Global Small Capitalization Fund, Class 4 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 20 | $11.62 | $11.50 | $236 | 0.25% | 0.25% | 0.45% | 14.04% | 13.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 21 | 10.19 | 10.10 | 209 | 0.73% | 0.25% | 0.45% | 1.86% | 1.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 12 | 10.00 | 9.94 | 122 | 0.03% | 0.25% | 0.45% | 15.50% | 15.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 10 | 8.66 | 8.62 | 85 | 0.00% | 0.25% | 0.45% | (29.86)% | (30.00)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 5 | 12.35 | 12.35 | 67 | 0.00% | 0.25% | 0.25% | (4.47)% | (4.47)% |
| American Funds IS Growth Fund, Class 4 |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 47 | 20.95 | 20.73 | 986 | 0.16% | 0.25% | 0.45% | 19.63% | 19.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 83 | 17.51 | 17.36 | 1454 | 0.16% | 0.25% | 0.45% | 30.97% | 30.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 70 | 13.37 | 13.28 | 929 | 0.18% | 0.25% | 0.45% | 37.79% | 37.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 43 | 9.70 | 9.66 | 415 | 0.10% | 0.25% | 0.45% | (30.29)% | (30.43)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 40 | 13.88 | 13.88 | 558 | 0.26% | 0.45% | 0.45% | 18.29% | 18.29% |
| American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 | American Funds IS Growth-Income Fund, Class 4 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 41 | 20.25 | 20.04 | 825 | 0.75% | 0.25% | 0.45% | 17.48% | 17.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 42 | 17.24 | 17.10 | 722 | 0.95% | 0.25% | 0.45% | 23.61% | 23.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 43 | 13.95 | 13.86 | 592 | 1.22% | 0.25% | 0.45% | 25.51% | 25.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 42 | 11.11 | 11.06 | 466 | 1.37% | 0.25% | 0.45% | (16.91)% | (17.08)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 23 | 13.37 | 13.34 | 301 | 0.96% | 0.25% | 0.45% | 6.67% | 18.84% |
| American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 | American Funds IS International Fund, Class 4 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 6 | 13.62 | 13.62 | 85 | 1.21% | 0.25% | 0.25% | 26.09% | 26.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 6 | 10.80 | 10.80 | 69 | 0.99% | 0.25% | 0.25% | 2.67% | 2.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 7 | 10.52 | 10.52 | 78 | 1.21% | 0.25% | 0.25% | 15.27% | 15.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 2 | 9.13 | 9.13 | 17 | 1.52% | 0.25% | 0.25% | (21.22)% | (21.22)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 1 | 11.56 | 11.56 | 13 | 4.22% | 0.45% | 0.45% | (5.79)% | (5.79)% |
| American Funds IS New World Fund, Class 4 | American Funds IS New World Fund, Class 4 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 13 | 14.55 | 14.40 | 183 | 0.92% | 0.25% | 0.45% | 27.61% | 27.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 13 | 11.40 | 11.31 | 149 | 1.23% | 0.25% | 0.45% | 6.06% | 5.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 12 | 10.75 | 10.68 | 127 | 1.21% | 0.25% | 0.45% | 15.38% | 15.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 10 | 9.32 | 9.28 | 94 | 1.24% | 0.25% | 0.45% | (22.45)% | (22.60)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 5 | 12.01 | 11.99 | 58 | 0.79% | 0.25% | 0.45% | (4.09)% | (4.13)% |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Net Assets<br> (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup> 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 |
| American Funds IS The Bond Fund of America, Class 4 | American Funds IS The Bond Fund of America, Class 4 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 106 | $9.84 | $9.74 | $1045 | 4.16% | 0.25% | 0.45% | 6.71% | 6.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 107 | 9.22 | 9.15 | 987 | 4.89% | 0.25% | 0.45% | 0.72% | 0.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 67 | 9.16 | 9.10 | 612 | 3.45% | 0.25% | 0.45% | 4.46% | 4.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 55 | 8.77 | 8.73 | 484 | 4.04% | 0.25% | 0.45% | (12.97)% | (13.14)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 16 | 10.07 | 10.05 | 157 | 4.76% | 0.25% | 0.45% | 0.10% | 0.66% |
| American Funds IS U.S. Government Securities Fund, Class 4 | American Funds IS U.S. Government Securities Fund, Class 4 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 71 | 9.66 | 9.56 | 687 | 4.12% | 0.25% | 0.45% | 7.27% | 7.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 73 | 9.01 | 8.93 | 660 | 3.95% | 0.25% | 0.45% | 0.19% | (0.01)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 69 | 8.99 | 8.93 | 623 | 3.69% | 0.25% | 0.45% | 2.37% | 2.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 61 | 8.78 | 8.74 | 536 | 6.03% | 0.25% | 0.45% | (11.42)% | (11.59)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 8 | 9.92 | 9.89 | 84 | 2.56% | 0.25% | 0.45% | 0.32% | (0.26)% |
| American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 | American Funds IS Washington Mutual Investors Fund, Class 4 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 26 | 20.66 | 20.44 | 536 | 1.16% | 0.25% | 0.45% | 16.61% | 16.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 27 | 17.72 | 17.57 | 479 | 1.44% | 0.25% | 0.45% | 18.55% | 18.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 22 | 14.94 | 14.94 | 323 | 1.65% | 0.25% | 0.25% | 16.68% | 16.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 26 | 12.81 | 12.81 | 335 | 1.86% | 0.25% | 0.25% | (8.91)% | (8.91)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 14 | 14.06 | 14.03 | 196 | 1.67% | 0.25% | 0.45% | 7.62% | 10.44% |
| BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III | BlackRock 60/40 Target Allocation ETF V.I. Fund, Class III |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 41 | 13.79 | 13.66 | 569 | 2.19% | 0.25% | 0.45% | 15.08% | 14.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 45 | 11.98 | 11.89 | 540 | 2.84% | 0.25% | 0.45% | 11.08% | 10.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1 | 10.79 | 10.79 | 9 | 5.50% | 0.25% | 0.25% | 8.16% | 8.16% |
| BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III | BlackRock Global Allocation V.I. Fund, Class III |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 6 | 12.87 | 12.75 | 79 | 4.88% | 0.25% | 0.45% | 19.21% | 3.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 5 | 10.80 | 10.80 | 56 | 1.77% | 0.25% | 0.25% | 8.65% | 8.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 3 | 9.94 | 9.94 | 30 | 20.93% | 0.25% | 0.25% | 6.55% | 6.55% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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 |
| BlackRock International V.I. Fund, Class I |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 47 | $10.57 | $10.47 | $499 | 1.58% | 0.25% | 0.45% | 15.25% | 15.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 48 | 9.17 | 9.10 | 442 | 0.62% | 0.25% | 0.45% | 0.12% | (0.08)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 46 | 9.16 | 9.11 | 422 | 0.87% | 0.25% | 0.45% | 18.73% | 18.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 42 | 7.72 | 7.69 | 321 | 1.32% | 0.25% | 0.45% | (24.81)% | (24.96)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 9 | 10.26 | 10.26 | 97 | 1.17% | 0.25% | 0.25% | (4.45)% | (4.45)% |
| ClearBridge Variable Dividend Strategy Portfolio, Class II | ClearBridge Variable Dividend Strategy Portfolio, Class II |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 56 | 17.01 | 17.01 | 948 | 1.93% | 0.25% | 0.25% | 12.18% | 12.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 58 | 15.16 | 15.16 | 877 | 1.23% | 0.25% | 0.25% | 16.39% | 16.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 48 | 13.02 | 13.02 | 628 | 2.03% | 0.25% | 0.25% | 13.72% | 13.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 43 | 11.45 | 11.45 | 491 | 2.28% | 0.25% | 0.25% | (8.46)% | (8.46)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2 | 12.51 | 12.51 | 26 | 2.42% | 0.25% | 0.25% | 3.14% | 3.14% |
| ClearBridge Variable Large Cap Growth Portfolio, Class II | ClearBridge Variable Large Cap Growth Portfolio, Class II |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 0 \* | 16.49 | 16.49 | 3 | 0.00% | 0.45% | 0.45% | 7.87% | 7.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 0 \* | 15.28 | 15.28 | 2 | 0.00% | 0.45% | 0.45% | 26.99% | 26.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 0 \* | 12.10 | 12.10 | 5 | 0.00% | 0.25% | 0.25% | 43.31% | 43.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1 | 8.45 | 8.45 | 4 | 0.00% | 0.25% | 0.25% | (12.02)% | (12.02)% |
| ClearBridge Variable Mid Cap Portfolio, Class II | ClearBridge Variable Mid Cap Portfolio, Class II |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 19 | 13.64 | 13.50 | 258 | 0.01% | 0.25% | 0.45% | 3.82% | 3.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 19 | 13.14 | 13.03 | 252 | 0.37% | 0.25% | 0.45% | 9.45% | 9.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 20 | 12.00 | 11.93 | 236 | 0.02% | 0.25% | 0.45% | 12.34% | 12.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 20 | 10.68 | 10.64 | 210 | 0.10% | 0.25% | 0.45% | (25.69)% | (25.84)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 16 | 14.38 | 14.34 | 236 | 0.01% | 0.25% | 0.45% | 10.28% | 19.08% |
| ClearBridge Variable Small Cap Growth Portfolio, Class II | ClearBridge Variable Small Cap Growth Portfolio, Class II |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 11 | 10.98 | 9.57 | 121 | 0.00% | 0.25% | 0.45% | 8.70% | (4.41)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 14 | 10.10 | 10.01 | 140 | 0.00% | 0.25% | 0.45% | 3.97% | 3.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 12 | 9.71 | 9.65 | 118 | 0.00% | 0.25% | 0.45% | 7.85% | 7.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2 | 9.00 | 8.97 | 19 | 0.00% | 0.25% | 0.45% | (29.19)% | (29.33)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 3 | 12.69 | 12.69 | 32 | 0.00% | 0.45% | 0.45% | 3.76% | 3.76% |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | 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 |
| Columbia VP Balanced Fund, Class 2 |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 26 | $14.37 | $14.37 | $371 | 0.00% | 0.45% | 0.45% | 13.24% | 13.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 9 | 12.69 | 12.69 | 108 | 0.00% | 0.45% | 0.45% | 13.79% | 13.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 0 \* | 11.15 | 11.15 | 4 | 0.00% | 0.45% | 0.45% | 20.56% | 20.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 0 \* | 9.25 | 9.25 | 4 | 0.00% | 0.45% | 0.45% | (17.24)% | (17.24)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 0 \* | 11.18 | 11.18 | 5 | 0.00% | 0.45% | 0.45% | 0.98% | 0.98% |
| Columbia VP Intermediate Bond Fund, Class 2 | Columbia VP Intermediate Bond Fund, Class 2 | Columbia VP Intermediate Bond Fund, Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 39 | 9.64 | 9.55 | 378 | 5.24% | 0.25% | 0.45% | 8.57% | 8.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 40 | 8.88 | 8.81 | 353 | 4.79% | 0.25% | 0.45% | 1.48% | 1.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 29 | 8.75 | 8.70 | 254 | 1.97% | 0.25% | 0.45% | 5.82% | 5.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 13 | 8.27 | 8.24 | 109 | 6.00% | 0.25% | 0.45% | (17.43)% | (17.59)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 0 \* | 10.00 | 10.00 | 5 | 0.00% | 0.45% | 0.45% | 0.44% | 0.44% |
| Columbia VP Limited Duration Credit Fund, Class 2 | Columbia VP Limited Duration Credit Fund, Class 2 | Columbia VP Limited Duration Credit Fund, Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 19 | 10.92 | 10.81 | 212 | 6.02% | 0.25% | 0.45% | 5.74% | 5.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 20 | 10.33 | 10.25 | 207 | 4.48% | 0.25% | 0.45% | 4.37% | 4.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 4 | 9.89 | 9.89 | 39 | 3.06% | 0.25% | 0.25% | 6.39% | 6.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 4 | 9.30 | 9.30 | 37 | 0.51% | 0.25% | 0.25% | (6.59)% | (6.59)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 4 | 9.95 | 9.95 | 40 | 2.36% | 0.25% | 0.25% | (1.06)% | (1.06)% |
| Columbia VP Select Mid Cap Value Fund, Class 2 | Columbia VP Select Mid Cap Value Fund, Class 2 | Columbia VP Select Mid Cap Value Fund, Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 15 | 14.89 | 14.74 | 221 | 0.00% | 0.25% | 0.45% | 13.59% | 13.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 15 | 13.11 | 13.01 | 196 | 0.00% | 0.25% | 0.45% | 11.99% | 11.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 14 | 11.70 | 11.70 | 162 | 0.00% | 0.25% | 0.25% | 9.78% | 9.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 1 | 10.66 | 10.66 | 14 | 0.00% | 0.25% | 0.25% | (9.89)% | (9.89)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 2 | 11.81 | 11.81 | 23 | 0.00% | 0.45% | 0.45% | 8.86% | 8.86% |
| Columbia VP Strategic Income Fund, Class 2 | Columbia VP Strategic Income Fund, Class 2 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 15 | 10.77 | 10.66 | 156 | 4.35% | 0.25% | 0.45% | 6.90% | 0.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 15 | 10.07 | 10.07 | 146 | 5.25% | 0.25% | 0.25% | 4.24% | 4.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 6 | 9.66 | 9.66 | 59 | 0.00% | 0.25% | 0.25% | 6.01% | 6.01% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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 |
| Empower Bond Index Fund, Investor Class |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 16 | $9.43 | $9.33 | $147 | 2.80% | 0.25% | 0.45% | 6.35% | 6.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 16 | 8.86 | 8.79 | 137 | 2.38% | 0.25% | 0.45% | 0.57% | 0.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 15 | 8.81 | 8.76 | 135 | 1.96% | 0.25% | 0.45% | 4.76% | 4.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 20 | 8.41 | 8.38 | 164 | 1.29% | 0.25% | 0.45% | (13.90)% | (14.07)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 13 | 9.75 | 9.75 | 125 | 1.30% | 0.45% | 0.45% | (1.44)% | (1.44)% |
| Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 | Fidelity VIP Asset Manager 50% Portfolio, Service Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 42 | 12.77 | 12.77 | 539 | 2.48% | 0.25% | 0.25% | 14.36% | 14.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 43 | 11.16 | 11.16 | 476 | 2.37% | 0.25% | 0.25% | 7.96% | 7.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 43 | 10.34 | 10.34 | 446 | 2.88% | 0.25% | 0.25% | 9.01% | 9.01% |
| Fidelity VIP Balanced Portfolio, Service Class 2 | Fidelity VIP Balanced Portfolio, Service Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 176 | 15.03 | 14.89 | 2635 | 1.62% | 0.25% | 0.45% | 14.67% | 14.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 183 | 13.11 | 13.01 | 2388 | 1.84% | 0.25% | 0.45% | 15.34% | 15.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 112 | 11.37 | 11.30 | 1266 | 1.61% | 0.25% | 0.45% | 20.93% | 20.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 150 | 9.40 | 9.36 | 1408 | 1.06% | 0.25% | 0.45% | (18.39)% | (18.55)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 136 | 11.52 | 11.50 | 1560 | 0.82% | 0.25% | 0.45% | 5.66% | 7.32% |
| Fidelity VIP Bond Index Portfolio, Service Class 2 | Fidelity VIP Bond Index Portfolio, Service Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 174 | 9.79 | 9.69 | 1689 | 2.99% | 0.25% | 0.45% | 6.50% | 6.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 212 | 9.19 | 9.12 | 1935 | 3.84% | 0.25% | 0.45% | 0.75% | 0.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 86 | 9.12 | 9.07 | 783 | 3.16% | 0.25% | 0.45% | 4.87% | 4.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 35 | 8.70 | 8.67 | 300 | 2.13% | 0.25% | 0.45% | (13.60)% | (13.77)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 11 | 10.07 | 10.05 | 110 | 2.18% | 0.25% | 0.45% | (0.16)% | (1.41)% |
| Fidelity VIP Contrafund Portfolio, Service Class 2 | Fidelity VIP Contrafund Portfolio, Service Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 12 | 14.01 | 14.01 | 162 | 0.00% | 0.45% | 0.45% | 20.65% | 20.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 12 | 11.61 | 11.61 | 134 | 0.00% | 0.45% | 0.45% | 4.13% | 4.13% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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 |
| Fidelity VIP Energy Portfolio, Service Class 2 | Fidelity VIP Energy Portfolio, Service Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 2 | $20.93 | $20.93 | $41 | 2.00% | 0.25% | 0.25% | 10.07% | 10.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 2 | 19.02 | 19.02 | 37 | 2.29% | 0.25% | 0.25% | 3.76% | 3.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 0 \* | 18.33 | 18.33 | 5 | 1.68% | 0.25% | 0.25% | 0.45% | 0.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 1 | 18.24 | 18.24 | 18 | 3.15% | 0.25% | 0.25% | 62.46% | 62.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1 | 11.23 | 11.23 | 6 | 0.00% | 0.25% | 0.25% | 4.16% | 4.16% |
| Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 | Fidelity VIP Extended Market Index Portfolio, Service Class 2 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 89 | 12.91 | 12.79 | 1149 | 0.97% | 0.25% | 0.45% | 11.75% | 11.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 99 | 11.55 | 11.47 | 1144 | 1.71% | 0.25% | 0.45% | 11.74% | 11.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 44 | 10.34 | 10.28 | 458 | 1.87% | 0.25% | 0.45% | 16.82% | 16.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 38 | 8.85 | 8.82 | 336 | 1.47% | 0.25% | 0.45% | (18.50)% | (18.67)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 19 | 10.86 | 10.84 | 210 | 1.26% | 0.25% | 0.45% | 0.90% | 4.27% |
| Fidelity VIP FundsManager 20% Portfolio, Service Class 2 | Fidelity VIP FundsManager 20% Portfolio, Service Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 6 | 11.56 | 11.45 | 69 | 2.90% | 0.25% | 0.45% | 0.71% | 8.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 10 | 10.55 | 10.55 | 102 | 3.51% | 0.45% | 0.45% | 4.91% | 4.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 10 | 10.06 | 10.06 | 98 | 3.58% | 0.45% | 0.45% | 7.54% | 7.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 11 | 9.35 | 9.35 | 99 | 3.74% | 0.45% | 0.45% | (10.16)% | (10.16)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 1 | 10.41 | 10.41 | 10 | 5.85% | 0.45% | 0.45% | 0.56% | 0.56% |
| Fidelity VIP FundsManager 60% Portfolio, Service Class 2 | Fidelity VIP FundsManager 60% Portfolio, Service Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  |  |  |  | 0.40% | 0.45% | 0.45% | 7.34% | 7.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 6 | 11.09 | 11.09 | 66 | 2.68% | 0.45% | 0.45% | 8.85% | 8.85% |
| Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service Class 2 | Fidelity VIP Growth Opportunities Portfolio, Service Class 2 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3 | 17.68 | 17.55 | 51 | 0.00% | 0.25% | 0.45% | 21.33% | 21.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3 | 14.57 | 14.49 | 49 | 0.00% | 0.25% | 0.45% | 17.72% | 3.18% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Net Assets<br> (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup> 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 |
| Fidelity VIP Growth Portfolio, Service Class 2 | Fidelity VIP Growth Portfolio, Service Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 8 | $18.38 | $18.28 | $155 | 0.05% | 0.25% | 0.45% | 14.32% | 14.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 9 | 16.08 | 16.02 | 150 | 0.00% | 0.25% | 0.45% | 16.90% | (3.19)% |
| Fidelity VIP Health Care Portfolio, Service Class 2 | Fidelity VIP Health Care Portfolio, Service Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 12 | 11.99 | 11.88 | 145 | 0.17% | 0.25% | 0.45% | 13.81% | 13.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 12 | 10.54 | 10.46 | 128 | 0.00% | 0.25% | 0.45% | 4.60% | 4.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 12 | 10.07 | 10.02 | 122 | 0.00% | 0.25% | 0.45% | 3.75% | 3.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 12 | 9.71 | 9.67 | 118 | 0.00% | 0.25% | 0.45% | (12.84)% | (13.01)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 6 | 11.12 | 11.12 | 67 | 0.00% | 0.45% | 0.45% | (2.36)% | (2.36)% |
| Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 | Fidelity VIP International Capital Appreciation Portfolio, Service Class 2 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 14 | 13.90 | 13.90 | 193 | 0.77% | 0.25% | 0.25% | 18.06% | 18.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 15 | 11.77 | 11.77 | 178 | 0.82% | 0.25% | 0.25% | 7.65% | 7.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 8 | 10.93 | 10.93 | 90 | 0.15% | 0.25% | 0.25% | 26.86% | 26.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 10 | 8.62 | 8.62 | 84 | 0.67% | 0.25% | 0.25% | (2.54)% | (2.54)% |
| Fidelity VIP International Index Portfolio, Service Class 2 | Fidelity VIP International Index Portfolio, Service Class 2 | Fidelity VIP International Index Portfolio, Service Class 2 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 116 | 14.00 | 13.86 | 1615 | 2.63% | 0.25% | 0.45% | 32.49% | 32.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 132 | 10.57 | 10.48 | 1392 | 3.48% | 0.25% | 0.45% | 4.56% | 4.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 79 | 10.10 | 10.05 | 793 | 2.99% | 0.25% | 0.45% | 15.59% | 15.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 65 | 8.74 | 8.71 | 568 | 2.13% | 0.25% | 0.45% | (16.42)% | (16.59)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 55 | 10.46 | 10.44 | 577 | 3.00% | 0.25% | 0.45% | (2.83)% | 0.90% |
| Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 | Fidelity VIP Investment Grade Bond Portfolio, Service Class 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 86 | 9.91 | 9.80 | 848 | 3.49% | 0.25% | 0.45% | 6.66% | 6.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 87 | 9.29 | 9.21 | 810 | 3.47% | 0.25% | 0.45% | 1.24% | 1.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 78 | 9.17 | 9.12 | 718 | 3.57% | 0.25% | 0.45% | 5.74% | 5.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 42 | 8.68 | 8.64 | 361 | 2.27% | 0.25% | 0.45% | (13.43)% | (13.60)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 35 | 10.02 | 10.00 | 353 | 1.87% | 0.25% | 0.45% | 1.52% | (0.85)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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 |
| Fidelity VIP Mid Cap Portfolio, Service Class 2 | Fidelity VIP Mid Cap Portfolio, Service Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 64 | $18.03 | $17.85 | $1154 | 0.25% | 0.25% | 0.45% | 11.21% | 10.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 67 | 16.22 | 16.08 | 1084 | 0.43% | 0.25% | 0.45% | 16.88% | 16.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 44 | 13.87 | 13.79 | 614 | 0.38% | 0.25% | 0.45% | 14.52% | 14.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 46 | 12.12 | 12.06 | 558 | 0.29% | 0.25% | 0.45% | (15.18)% | (15.35)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 36 | 14.28 | 14.25 | 515 | 0.17% | 0.25% | 0.45% | 7.98% | 6.71% |
| Fidelity VIP Technology Portfolio, Initial Class | Fidelity VIP Technology Portfolio, Initial Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 48 | 22.01 | 21.80 | 1059 | 0.00% | 0.25% | 0.45% | 22.46% | 22.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 50 | 17.98 | 17.84 | 896 | 0.00% | 0.25% | 0.45% | 35.25% | 34.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 34 | 13.29 | 13.22 | 453 | 0.13% | 0.25% | 0.45% | 57.92% | 57.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 34 | 8.42 | 8.39 | 288 | 0.00% | 0.25% | 0.45% | (36.02)% | (36.14)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 27 | 13.15 | 13.13 | 359 | 0.00% | 0.25% | 0.45% | 12.16% | 11.30% |
| Fidelity VIP Total Market Index Portfolio, Service Class 2 | Fidelity VIP Total Market Index Portfolio, Service Class 2 | Fidelity VIP Total Market Index Portfolio, Service Class 2 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 19 | 17.61 | 17.44 | 334 | 0.95% | 0.25% | 0.45% | 16.56% | 16.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 36 | 15.10 | 14.99 | 538 | 1.20% | 0.25% | 0.45% | 23.07% | 22.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 28 | 12.27 | 12.20 | 346 | 3.52% | 0.25% | 0.45% | 5.07% | 25.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 0 \* | 9.75 | 9.75 | 3 | 1.11% | 0.45% | 0.45% | (19.77)% | (19.77)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 0 \* | 12.15 | 12.15 | 4 | 6.24% | 0.45% | 0.45% | 0.88% | 0.88% |
| Fidelity VIP Utilities Portfolio, Initial Class | Fidelity VIP Utilities Portfolio, Initial Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 12 | 18.59 | 18.41 | 224 | 1.80% | 0.25% | 0.45% | 13.82% | 13.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 13 | 16.33 | 16.20 | 212 | 2.75% | 0.25% | 0.45% | 28.68% | 28.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 6 | 12.62 | 12.62 | 76 | 2.27% | 0.45% | 0.45% | (1.48)% | (1.48)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 6 | 12.81 | 12.81 | 78 | 1.59% | 0.45% | 0.45% | 4.95% | 4.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 6 | 12.20 | 12.20 | 74 | 0.00% | 0.45% | 0.45% | 7.81% | 7.81% |
| Fidelity VIP Value Strategies Portfolio, Service Class 2 | Fidelity VIP Value Strategies Portfolio, Service Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 11 | 13.36 | 13.36 | 147 | 0.72% | 0.25% | 0.25% | 7.43% | 7.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 15 | 12.44 | 12.44 | 186 | 0.85% | 0.25% | 0.25% | 8.89% | 8.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 10 | 11.42 | 11.42 | 116 | 0.85% | 0.25% | 0.25% | 20.31% | 20.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 10 | 9.49 | 9.49 | 94 | 4.27% | 0.25% | 0.25% | (1.83)% | (1.83)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Net Assets<br> (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup> 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 |
| Franklin DynaTech VIP Fund, Class 2 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 14 | $15.88 | $15.88 | $227 | 0.00% | 0.45% | 0.45% | 17.60% | 17.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 14 | 13.50 | 13.50 | 190 | 0.00% | 0.45% | 0.45% | 29.86% | 29.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 14 | 10.40 | 10.40 | 146 | 0.00% | 0.45% | 0.45% | 43.13% | 43.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 14 | 7.26 | 7.26 | 102 | 0.00% | 0.45% | 0.45% | (40.23)% | (40.23)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 14 | 12.15 | 12.15 | 171 | 0.00% | 0.45% | 0.45% | 18.10% | 18.10% |
| Franklin Income VIP Fund, Class 2 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 17 | 15.28 | 15.28 | 253 | 5.06% | 0.45% | 0.45% | 12.05% | 12.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 17 | 13.64 | 13.64 | 226 | 0.32% | 0.45% | 0.45% | 6.72% | 6.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 0 \* | 12.78 | 12.78 | 4 | 5.15% | 0.45% | 0.45% | 8.14% | 8.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 0 \* | 11.82 | 11.82 | 4 | 5.07% | 0.45% | 0.45% | (5.90)% | (5.90)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 0 \* | 12.56 | 12.56 | 5 | 0.00% | 0.45% | 0.45% | 2.15% | 2.15% |
| Franklin Rising Dividends VIP Fund, Class 2 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 42 | 16.63 | 16.46 | 702 | 0.82% | 0.25% | 0.45% | 11.53% | 11.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 45 | 14.91 | 14.79 | 669 | 0.99% | 0.25% | 0.45% | 10.51% | 10.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 41 | 13.50 | 13.41 | 552 | 0.42% | 0.25% | 0.45% | 11.80% | 11.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 10 | 12.07 | 12.02 | 122 | 1.08% | 0.25% | 0.45% | (10.79)% | (10.97)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4 | 13.53 | 13.50 | 59 | 0.82% | 0.25% | 0.45% | 14.22% | 2.12% |
| Franklin Small Cap Value VIP Fund, Class 2 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 14 | 17.76 | 17.57 | 242 | 1.07% | 0.25% | 0.45% | 7.39% | 7.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 14 | 16.54 | 16.40 | 224 | 0.91% | 0.25% | 0.45% | 11.43% | 11.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 13 | 14.84 | 14.75 | 198 | 0.53% | 0.25% | 0.45% | 12.46% | 12.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 14 | 13.20 | 13.14 | 186 | 0.82% | 0.25% | 0.45% | (10.29)% | (10.47)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 15 | 14.71 | 14.68 | 222 | 0.08% | 0.25% | 0.45% | 2.56% | (0.28)% |
| Franklin Small-Mid Cap Growth VIP Fund, Class 2 | Franklin Small-Mid Cap Growth VIP Fund, Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 27 | 11.44 | 11.32 | 308 | 0.00% | 0.25% | 0.45% | 2.26% | 2.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 26 | 11.18 | 11.09 | 294 | 0.00% | 0.25% | 0.45% | 10.76% | 10.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 26 | 10.10 | 10.03 | 266 | 0.00% | 0.25% | 0.45% | 26.42% | 26.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 19 | 7.99 | 7.95 | 150 | 0.00% | 0.25% | 0.45% | (24.54)% | (24.67)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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 |
| Goldman Sachs VIT Core Fixed Income Fund, Service Class | Goldman Sachs VIT Core Fixed Income Fund, Service Class | Goldman Sachs VIT Core Fixed Income Fund, Service Class |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 0 \* | $9.47 | $9.47 | $4 | 3.62% | 0.45% | 0.45% | 6.84% | 6.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 0 \* | 8.86 | 8.86 | 4 | 13.18% | 0.45% | 0.45% | (1.88)% | (1.88)% |
| Goldman Sachs VIT Mid Cap Growth Fund, Service Class | Goldman Sachs VIT Mid Cap Growth Fund, Service Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 9 | 13.95 | 13.81 | 126 | 0.00% | 0.25% | 0.45% | 7.09% | 6.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 9 | 13.03 | 12.92 | 116 | 0.00% | 0.25% | 0.45% | 19.98% | 19.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 29 | 10.86 | 10.79 | 309 | 0.00% | 0.25% | 0.45% | 18.15% | 17.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 26 | 9.19 | 9.15 | 241 | 0.00% | 0.25% | 0.45% | (26.49)% | (26.63)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 13 | 12.50 | 12.47 | 163 | 0.00% | 0.25% | 0.45% | 2.30% | 13.39% |
| Goldman Sachs VIT Mid Cap Value Fund, Service Class | Goldman Sachs VIT Mid Cap Value Fund, Service Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 9 | 17.96 | 17.96 | 165 | 0.96% | 0.25% | 0.25% | 8.86% | 8.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 9 | 16.49 | 16.49 | 153 | 0.76% | 0.25% | 0.25% | 11.87% | 11.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 9 | 14.74 | 14.74 | 139 | 0.75% | 0.25% | 0.25% | 10.83% | 10.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 10 | 13.30 | 13.30 | 127 | 0.41% | 0.25% | 0.25% | (10.46)% | (10.46)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 10 | 14.86 | 14.86 | 143 | 0.21% | 0.25% | 0.25% | 24.27% | 24.27% |
| Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class | Goldman Sachs VIT Small Cap Equity Insights Fund, Service Class |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 22 | 14.40 | 14.40 | 314 | 0.52% | 0.25% | 0.25% | 15.53% | 15.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 23 | 12.46 | 12.46 | 287 | 0.84% | 0.25% | 0.25% | 18.52% | 18.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 21 | 10.51 | 10.51 | 223 | 0.81% | 0.25% | 0.25% | 18.66% | 18.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 23 | 8.86 | 8.86 | 199 | 0.17% | 0.25% | 0.25% | (19.84)% | (19.84)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 3 | 11.05 | 11.05 | 28 | 1.42% | 0.25% | 0.25% | (4.94)% | (4.94)% |
| Goldman Sachs VIT Strategic Growth Fund, Service Class | Goldman Sachs VIT Strategic Growth Fund, Service Class | Goldman Sachs VIT Strategic Growth Fund, Service Class |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 4 | 19.24 | 19.04 | 77 | 0.00% | 0.25% | 0.45% | 17.29% | 17.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 6 | 16.41 | 16.27 | 104 | 0.00% | 0.25% | 0.45% | 31.76% | 31.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2 | 12.45 | 12.37 | 21 | 0.00% | 0.25% | 0.45% | 41.30% | 41.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2 | 8.81 | 8.77 | 15 | 0.00% | 0.25% | 0.45% | (32.85)% | (32.98)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 0 \* | 13.12 | 13.12 | 1 | 0.00% | 0.25% | 0.25% | 15.58% | 15.58% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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. Comstock Fund, Series II |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 33 | $23.26 | $23.01 | $759 | 1.48% | 0.25% | 0.45% | 16.85% | 16.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 33 | 19.90 | 19.74 | 655 | 1.53% | 0.25% | 0.45% | 14.58% | 14.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 33 | 17.37 | 17.26 | 578 | 1.87% | 0.25% | 0.45% | 11.82% | 11.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 23 | 15.53 | 15.47 | 357 | 2.06% | 0.25% | 0.45% | 0.59% | 0.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 7 | 15.44 | 15.44 | 113 | 2.89% | 0.25% | 0.25% | 6.98% | 6.98% |
| Invesco V.I. Conservative Balanced Fund, Series II | Invesco V.I. Conservative Balanced Fund, Series II |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 1.32% | 0.25% | 0.45% | 2.40% | 2.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 22 | 10.10 | 10.04 | 221 | 2.17% | 0.25% | 0.45% | 5.50% | 11.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 16 | 8.98 | 8.98 | 145 | 1.62% | 0.45% | 0.45% | (11.89)% | (11.89)% |
| Invesco V.I. Equity and Income Fund, Series II | Invesco V.I. Equity and Income Fund, Series II |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 82 | 16.79 | 16.62 | 1372 | 1.91% | 0.25% | 0.45% | 12.24% | 12.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 83 | 14.96 | 14.84 | 1230 | 1.73% | 0.25% | 0.45% | 11.63% | 11.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 65 | 13.40 | 13.32 | 872 | 1.82% | 0.25% | 0.45% | 3.71% | 9.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 62 | 12.14 | 12.14 | 756 | 2.96% | 0.45% | 0.45% | (8.13)% | (8.13)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 0 \* | 13.21 | 13.21 | 5 | 0.00% | 0.45% | 0.45% | 0.29% | 0.29% |
| Invesco V.I. Global Real Estate Fund, Series II | Invesco V.I. Global Real Estate Fund, Series II |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 23 | 11.34 | 11.22 | 257 | 1.81% | 0.25% | 0.45% | 7.34% | 7.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 23 | 10.56 | 10.47 | 244 | 2.43% | 0.25% | 0.45% | (2.35)% | (2.55)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 23 | 10.82 | 10.75 | 248 | 1.23% | 0.25% | 0.45% | 8.55% | 8.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 23 | 9.96 | 9.92 | 234 | 4.13% | 0.25% | 0.45% | (25.33)% | (25.48)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 7 | 13.34 | 13.34 | 98 | 3.28% | 0.25% | 0.25% | 7.70% | 7.70% |
| Invesco V.I. Government Securities Fund, Series II | Invesco V.I. Government Securities Fund, Series II |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 29 | 9.79 | 9.79 | 281 | 2.80% | 0.25% | 0.25% | 6.69% | 6.69% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 31 | 9.18 | 9.18 | 281 | 3.10% | 0.25% | 0.25% | 1.22% | 1.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 9 | 9.07 | 9.07 | 80 | 1.82% | 0.25% | 0.25% | 4.20% | 4.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 9 | 8.70 | 8.70 | 77 | 1.78% | 0.25% | 0.25% | (10.80)% | (10.80)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 8 | 9.76 | 9.76 | 80 | 3.55% | 0.25% | 0.25% | (1.73)% | (1.73)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Net Assets<br> (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup> 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. Growth and Income Fund, Series II |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 5 | $20.40 | $20.40 | $100 | 1.21% | 0.45% | 0.45% | 14.78% | 14.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 5 | 17.77 | 17.77 | 87 | 1.24% | 0.45% | 0.45% | 15.20% | 15.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 5 | 15.43 | 15.43 | 76 | 1.34% | 0.45% | 0.45% | 11.90% | 11.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 5 | 13.79 | 13.79 | 68 | 1.46% | 0.45% | 0.45% | (9.66)% | (9.66)% |
| Invesco V.I. Main Street Fund, Series II |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 3 | 18.67 | 18.67 | 57 | 0.33% | 0.25% | 0.25% | 15.35% | 15.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 3 | 16.19 | 16.19 | 49 | 0.00% | 0.25% | 0.25% | 23.08% | 23.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 4 | 13.15 | 13.15 | 47 | 0.51% | 0.25% | 0.25% | 22.52% | 22.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 4 | 10.73 | 10.73 | 46 | 1.43% | 0.25% | 0.25% | (20.51)% | (20.51)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2 | 13.50 | 13.50 | 32 | 1.45% | 0.25% | 0.25% | 3.41% | 3.41% |
| Invesco V.I. Main Street Small Cap Fund, Series II | Invesco V.I. Main Street Small Cap Fund, Series II |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 41 | 13.44 | 13.31 | 547 | 0.24% | 0.25% | 0.45% | 8.17% | 7.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 42 | 12.42 | 12.33 | 515 | 0.00% | 0.25% | 0.45% | 12.12% | 11.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 26 | 11.08 | 11.08 | 284 | 0.98% | 0.25% | 0.25% | 17.53% | 17.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 23 | 9.43 | 9.43 | 214 | 0.46% | 0.25% | 0.25% | (16.25)% | (16.25)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4 | 11.26 | 11.26 | 33 | 0.19% | 0.25% | 0.25% | 5.05% | 5.05% |
| Invesco V.I. U.S. Government Money Portfolio, Series I | Invesco V.I. U.S. Government Money Portfolio, Series I |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1 | 11.33 | 11.33 | 7 | 3.64% | 0.25% | 0.25% | 3.38% | 3.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1 | 10.96 | 10.96 | 15 | 4.54% | 0.25% | 0.25% | 4.37% | 4.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 1 | 10.50 | 10.50 | 15 | 4.41% | 0.25% | 0.25% | 4.27% | 4.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 5 | 10.07 | 10.07 | 45 | 2.52% | 0.25% | 0.25% | 1.02% | 1.02% |
| Janus Henderson VIT Balanced Portfolio, Service Shares | Janus Henderson VIT Balanced Portfolio, Service Shares |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 5 | 13.35 | 13.35 | 66 | 1.73% | 0.45% | 0.45% | 14.31% | 14.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 5 | 11.68 | 11.68 | 58 | 10.64% | 0.45% | 0.45% | 0.81% | 0.81% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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 Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares | Janus Henderson VIT Global Technology and Innovation Portfolio, Service Shares |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | $- | $- | $- | 0.00% | 0.45% | 0.45% | (7.94)% | (7.94)% |
| 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 | 6 | 14.08 | 14.08 | 90 | 1.34% | 0.25% | 0.25% | 28.26% | 28.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 6 | 10.97 | 10.97 | 71 | 2.38% | 0.25% | 0.25% | (2.24)% | (2.24)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  |  |  |  | 1.79% | 0.25% | 0.25% | 2.43% | 2.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2 | 9.45 | 9.45 | 17 | 2.78% | 0.25% | 0.25% | 13.35% | 13.35% |
| Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | Lord Abbett Series Fund Bond Debenture Portfolio, Class VC | Lord Abbett Series Fund Bond Debenture Portfolio, Class VC |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 23 | 11.46 | 11.35 | 266 | 6.02% | 0.25% | 0.45% | 8.06% | 7.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 25 | 10.61 | 10.52 | 263 | 6.85% | 0.25% | 0.45% | 6.45% | 6.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 14 | 9.97 | 9.90 | 143 | 12.42% | 0.25% | 0.45% | 6.29% | 6.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2 | 9.38 | 9.34 | 21 | 4.31% | 0.25% | 0.45% | (13.02)% | (13.19)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2 | 10.78 | 10.75 | 25 | 6.18% | 0.25% | 0.45% | (0.28)% | (0.13)% |
| Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC | Lord Abbett Series Fund Fundamental Equity Portfolio, Class VC |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 7 | 18.73 | 18.73 | 124 | 0.44% | 0.25% | 0.25% | 14.01% | 14.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 7 | 16.43 | 16.43 | 110 | 0.74% | 0.25% | 0.25% | 16.36% | 16.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 7 | 14.12 | 14.12 | 96 | 0.61% | 0.25% | 0.25% | 14.35% | 14.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 7 | 12.34 | 12.34 | 85 | 1.03% | 0.25% | 0.25% | (12.20)% | (12.20)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 7 | 14.06 | 14.06 | 98 | 1.63% | 0.25% | 0.25% | 8.82% | 8.82% |
| Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, Class VC | Lord Abbett Series Fund Short Duration Income Portfolio, Class VC |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 15 | 11.01 | 11.01 | 160 | 4.70% | 0.25% | 0.25% | 5.64% | 5.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 14 | 10.42 | 10.42 | 145 | 5.03% | 0.25% | 0.25% | 4.87% | 4.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 11 | 9.94 | 9.94 | 108 | 4.60% | 0.25% | 0.25% | 4.79% | 4.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 13 | 9.48 | 9.48 | 125 | 10.58% | 0.25% | 0.25% | 0.36% | 0.36% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Net Assets<br> (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup> 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 |
| LVIP American Century Ultra Fund, Standard Class II | LVIP American Century Ultra Fund, Standard Class II | LVIP American Century Ultra Fund, Standard Class II |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | $- | $- | $- | 0.00% | 0.45% | 0.45% | 3.82% | 3.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1 | 14.28 | 14.28 | 14 | 0.00% | 0.25% | 0.25% | 20.57% | 20.57% |
| MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class | MFS VIT II International Growth Portfolio, Service Class |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 8 | 13.62 | 13.54 | 110 | 0.69% | 0.25% | 0.45% | 20.51% | 20.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 10 | 11.30 | 11.26 | 109 | 1.29% | 0.25% | 0.45% | 6.68% | (0.94)% |
| MFS VIT II International Intrinsic Value Portfolio, Service Class | MFS VIT II International Intrinsic Value Portfolio, Service Class | MFS VIT II International Intrinsic Value Portfolio, Service Class |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 8 | 15.09 | 15.09 | 119 | 1.26% | 0.25% | 0.25% | 32.63% | 32.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 10 | 11.38 | 11.38 | 111 | 1.88% | 0.25% | 0.25% | 6.36% | 6.36% |
| MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class | MFS VIT III Blended Research Small Cap Equity Portfolio, Service Class |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  |  |  |  | 0.00% | 0.45% | 0.45% | (10.13)% | (10.13)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1 | 12.42 | 12.42 | 8 | 0.00% | 0.45% | 0.45% | (2.39)% | (2.39)% |
| MFS VIT III Global Real Estate Portfolio, Service Class | MFS VIT III Global Real Estate Portfolio, Service Class | MFS VIT III Global Real Estate Portfolio, Service Class |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1 | 10.79 | 10.79 | 7 | 1.17% | 0.45% | 0.45% | 2.83% | 2.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1 | 10.49 | 10.49 | 6 | 2.54% | 0.45% | 0.45% | (2.09)% | (2.09)% |
| MFS VIT III Mid Cap Value Portfolio, Service Class | MFS VIT III Mid Cap Value Portfolio, Service Class | MFS VIT III Mid Cap Value Portfolio, Service Class |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 7 | 13.52 | 13.52 | 95 | 0.80% | 0.25% | 0.25% | 5.49% | 5.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 8 | 12.81 | 12.81 | 96 | 1.72% | 0.25% | 0.25% | 11.43% | 11.43% |
| MFS VIT Mid Cap Growth Series, Service Class | MFS VIT Mid Cap Growth Series, Service Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 18 | 13.41 | 13.41 | 236 | 0.00% | 0.25% | 0.25% | 3.14% | 3.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 18 | 13.01 | 13.01 | 234 | 0.00% | 0.25% | 0.25% | 5.65% | 5.65% |
| Morgan Stanley VIF Discovery Portfolio, Class II | Morgan Stanley VIF Discovery Portfolio, Class II |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1 | 19.63 | 19.63 | 27 | 0.40% | 0.45% | 0.45% | 11.93% | 11.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 1 | 17.54 | 17.54 | 24 | 0.00% | 0.45% | 0.45% | 38.36% | 38.36% |
| Morgan Stanley VIF Global Infrastructure Portfolio | Morgan Stanley VIF Global Infrastructure Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 1.29% | 0.45% | 0.45% | 15.84% | 15.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 2 | 9.94 | 9.94 | 20 | 2.29% | 0.45% | 0.45% | 3.80% | 3.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 2 | 9.57 | 9.57 | 20 | 0.00% | 0.45% | 0.45% | (2.65)% | (2.65)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Net Assets<br> (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup> 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 |
| Morgan Stanley VIF Growth Portfolio, Class II | Morgan Stanley VIF Growth Portfolio, Class II |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 1 | $14.89 | $14.89 | $15 | 0.00% | 0.45% | 0.45% | 34.77% | 34.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 0 \* | 11.05 | 11.05 | 3 | 0.00% | 0.45% | 0.45% | 45.54% | 45.54% |
| PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class | PIMCO VIT CommodityRealReturn Strategy Portfolio, Advisor Class |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  |  |  |  | 0.70% | 0.25% | 0.25% | 2.36% | 2.36% |
| PIMCO VIT High Yield Portfolio, Advisor Class | PIMCO VIT High Yield Portfolio, Advisor Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 21 | 11.99 | 11.87 | 252 | 6.17% | 0.25% | 0.45% | 8.57% | 8.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 35 | 11.04 | 10.96 | 391 | 5.75% | 0.25% | 0.45% | 6.51% | 6.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 34 | 10.37 | 10.37 | 351 | 5.56% | 0.25% | 0.25% | 11.83% | 11.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 18 | 9.27 | 9.27 | 171 | 1.78% | 0.25% | 0.25% | (10.60)% | (10.60)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 7 | 10.37 | 10.37 | 71 | 3.68% | 0.25% | 0.25% | 1.26% | 1.26% |
| PIMCO VIT Income Portfolio, Advisor Class | PIMCO VIT Income Portfolio, Advisor Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 50 | 11.67 | 11.67 | 588 | 5.09% | 0.25% | 0.25% | 9.81% | 9.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 52 | 10.63 | 10.63 | 549 | 5.74% | 0.25% | 0.25% | 5.04% | 5.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 29 | 10.12 | 10.12 | 290 | 5.22% | 0.25% | 0.25% | 7.87% | 7.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 20 | 9.38 | 9.38 | 192 | 3.25% | 0.25% | 0.25% | (7.32)% | (7.32)% |
| PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class | PIMCO VIT Long-Term U.S. Government Portfolio, Advisor Class |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 0 \* | 6.78 | 6.78 | 1 | 3.18% | 0.25% | 0.25% | 5.92% | 5.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 0 \* | 6.40 | 6.40 | 1 | 2.64% | 0.25% | 0.25% | (6.34)% | (6.34)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 0 \* | 6.84 | 6.84 | 3 | 2.28% | 0.25% | 0.25% | 3.62% | 3.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 0 \* | 6.60 | 6.60 | 3 | 2.28% | 0.25% | 0.25% | (2.71)% | (2.71)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Net Assets<br> (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup> 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 Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class | PIMCO VIT Low Duration Portfolio, Advisor Class |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 37 | $10.66 | $10.66 | $392 | 3.85% | 0.25% | 0.25% | 5.15% | 5.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 37 | 10.14 | 10.14 | 380 | 3.89% | 0.25% | 0.25% | 4.13% | 4.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 38 | 9.73 | 9.73 | 373 | 3.51% | 0.25% | 0.25% | 4.61% | 4.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 35 | 9.31 | 9.31 | 330 | 2.09% | 0.25% | 0.25% | (6.07)% | (6.07)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 10 | 9.91 | 9.91 | 96 | 0.42% | 0.25% | 0.25% | (0.85)% | (0.85)% |
| PIMCO VIT Real Return Portfolio, Advisor Class | PIMCO VIT Real Return Portfolio, Advisor Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 47 | 10.63 | 10.52 | 496 | 3.22% | 0.25% | 0.45% | 7.47% | 7.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 47 | 9.89 | 9.80 | 469 | 2.49% | 0.25% | 0.45% | 1.77% | 1.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 48 | 9.71 | 9.65 | 466 | 2.90% | 0.25% | 0.45% | 3.31% | 3.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 44 | 9.40 | 9.36 | 415 | 7.10% | 0.25% | 0.45% | (12.21)% | (12.39)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 3 | 10.71 | 10.69 | 28 | 4.36% | 0.25% | 0.45% | 0.73% | 4.09% |
| PIMCO VIT Short-Term Portfolio, Advisor Class | PIMCO VIT Short-Term Portfolio, Advisor Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 98 | 11.55 | 11.43 | 1135 | 4.37% | 0.25% | 0.45% | 4.31% | 1.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 85 | 11.07 | 11.07 | 936 | 4.91% | 0.25% | 0.25% | 5.68% | 5.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 77 | 10.47 | 10.47 | 804 | 4.48% | 0.25% | 0.25% | 5.54% | 5.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 44 | 9.93 | 9.93 | 435 | 2.04% | 0.25% | 0.25% | (0.50)% | (0.50)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2 | 9.98 | 9.98 | 23 | 0.37% | 0.25% | 0.25% | (0.32)% | (0.32)% |
| PIMCO VIT Total Return Portfolio, Advisor Class | PIMCO VIT Total Return Portfolio, Advisor Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 158 | 9.93 | 9.83 | 1563 | 4.01% | 0.25% | 0.45% | 8.51% | 8.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 202 | 9.15 | 9.08 | 1843 | 3.95% | 0.25% | 0.45% | 2.17% | 1.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 156 | 8.96 | 8.90 | 1395 | 3.47% | 0.25% | 0.45% | 5.56% | 5.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 149 | 8.49 | 8.45 | 1260 | 2.60% | 0.25% | 0.45% | (14.60)% | (14.77)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 113 | 9.94 | 9.91 | 1126 | 0.94% | 0.25% | 0.45% | 1.18% | (1.26)% |
| Protective Life Dynamic Allocation Series Conservative Portfolio | Protective Life Dynamic Allocation Series Conservative Portfolio | Protective Life Dynamic Allocation Series Conservative Portfolio |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 4 | 12.39 | 12.39 | 45 | 2.26% | 0.45% | 0.45% | 10.67% | 10.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 4 | 11.19 | 11.19 | 42 | 2.00% | 0.45% | 0.45% | 6.71% | 6.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 4 | 10.49 | 10.49 | 41 | 1.94% | 0.45% | 0.45% | 10.94% | 10.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 4 | 9.45 | 9.45 | 39 | 1.08% | 0.45% | 0.45% | (17.07)% | (17.07)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 4 | 11.40 | 11.40 | 50 | 0.86% | 0.45% | 0.45% | 3.36% | 3.36% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Net Assets<br> (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup> 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 |
| Royce Capital Fund Small-Cap Portfolio, Service Class | Royce Capital Fund Small-Cap Portfolio, Service Class |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 5 | $19.01 | $18.81 | $93 | 1.86% | 0.25% | 0.45% | 8.45% | 8.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 5 | 17.53 | 17.38 | 86 | 1.01% | 0.25% | 0.45% | 3.00% | 2.79% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 5 | 17.02 | 16.91 | 85 | 0.71% | 0.25% | 0.45% | 25.22% | 24.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 5 | 13.59 | 13.53 | 68 | 0.07% | 0.25% | 0.45% | (9.64)% | (9.82)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 5 | 15.04 | 15.00 | 76 | 1.30% | 0.25% | 0.45% | 8.21% | 13.53% |
| Schwab Government Money Market Portfolio | Schwab Government Money Market Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 247 | 11.50 | 11.38 | 2823 | 4.05% | 0.25% | 0.45% | 3.85% | 3.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 308 | 11.07 | 10.98 | 3391 | 4.95% | 0.25% | 0.45% | 4.80% | 4.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 272 | 10.57 | 10.50 | 2862 | 4.82% | 0.25% | 0.45% | 4.62% | 4.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 181 | 10.10 | 10.05 | 1825 | 1.68% | 0.25% | 0.45% | 1.23% | 1.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 98 | 9.98 | 9.95 | 977 | 0.06% | 0.25% | 0.45% | (0.17)% | (0.29)% |
| Schwab S&P 500 Index Portfolio |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 734 | 20.91 | 20.69 | 15253 | 1.19% | 0.25% | 0.45% | 17.53% | 17.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 892 | 17.79 | 17.64 | 15789 | 1.33% | 0.25% | 0.45% | 24.64% | 24.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 705 | 14.27 | 14.18 | 10022 | 1.46% | 0.25% | 0.45% | 25.91% | 25.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 702 | 11.34 | 11.29 | 7938 | 1.20% | 0.25% | 0.45% | (18.32)% | (18.48)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 367 | 13.88 | 13.84 | 5086 | 0.39% | 0.25% | 0.45% | 23.91% | 22.90% |
| Schwab VIT Balanced Portfolio |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 53 | 13.11 | 12.98 | 697 | 2.41% | 0.25% | 0.45% | 12.57% | 12.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 54 | 11.65 | 11.55 | 630 | 2.09% | 0.25% | 0.45% | 7.59% | 7.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 48 | 10.83 | 10.76 | 521 | 1.88% | 0.25% | 0.45% | 11.68% | 11.46% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 61 | 9.69 | 9.65 | 586 | 1.79% | 0.25% | 0.45% | (14.92)% | (15.09)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 43 | 11.39 | 11.37 | 491 | 1.36% | 0.25% | 0.45% | 5.07% | 4.03% |
| Schwab VIT Balanced with Growth Portfolio | Schwab VIT Balanced with Growth Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 124 | 14.55 | 14.40 | 1787 | 2.23% | 0.25% | 0.45% | 15.31% | 15.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 127 | 12.62 | 12.51 | 1596 | 2.63% | 0.25% | 0.45% | 9.70% | 9.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 43 | 11.50 | 11.43 | 499 | 1.54% | 0.25% | 0.45% | 14.57% | 14.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 37 | 10.04 | 9.99 | 367 | 1.55% | 0.25% | 0.45% | (16.21)% | (16.38)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 37 | 11.98 | 11.95 | 440 | 0.50% | 0.25% | 0.45% | 4.01% | 7.08% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Unit Fair Value<br> Corresponding to the<br> Lowest and Highest<br> Expense Ratios | Net Assets<br> (000's) | Investment<br> Income<br> Ratio <sup>(a)</sup> | Expense Ratios <sup>(b)</sup> | Expense Ratios <sup>(b)</sup> | Total Return <sup>(c)</sup> 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 |
| Schwab VIT Growth Portfolio |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 46 | $16.28 | $16.11 | $751 | 1.93% | 0.25% | 0.45% | 17.94% | 17.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 47 | 13.80 | 13.69 | 641 | 1.88% | 0.25% | 0.45% | 11.50% | 11.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 47 | 12.38 | 12.30 | 584 | 1.55% | 0.25% | 0.45% | 17.23% | 17.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 48 | 10.56 | 10.51 | 503 | 1.61% | 0.25% | 0.45% | (17.45)% | (17.61)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 48 | 12.79 | 12.76 | 613 | 1.45% | 0.25% | 0.45% | 7.70% | 10.89% |
| T. Rowe Price All-Cap Opportunities Portfolio | T. Rowe Price All-Cap Opportunities Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 10 | 17.05 | 16.89 | 170 | 0.00% | 0.25% | 0.45% | 16.01% | 15.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 10 | 14.70 | 14.59 | 148 | 0.08% | 0.25% | 0.45% | 24.84% | 24.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 10 | 11.77 | 11.71 | 113 | 0.26% | 0.25% | 0.45% | 14.51% | 28.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 9 | 9.12 | 9.12 | 84 | 0.00% | 0.45% | 0.45% | (21.86)% | (21.86)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 0 \* | 11.67 | 11.67 | 4 | 0.00% | 0.45% | 0.45% | (0.20)% | (0.20)% |
| T. Rowe Price Blue Chip Growth Portfolio, Class II | T. Rowe Price Blue Chip Growth Portfolio, Class II |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 6 | 17.12 | 16.96 | 94 | 0.00% | 0.25% | 0.45% | 18.14% | 17.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 6 | 14.49 | 14.38 | 85 | 0.00% | 0.25% | 0.45% | 34.83% | 34.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 8 | 10.75 | 10.69 | 82 | 0.00% | 0.25% | 0.45% | 48.59% | 48.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 9 | 7.23 | 7.21 | 67 | 0.00% | 0.25% | 0.45% | (38.82)% | (38.94)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 3 | 11.82 | 11.82 | 35 | 0.00% | 0.25% | 0.25% | (2.47)% | (2.47)% |
| T. Rowe Price Health Sciences Portfolio, Class II | T. Rowe Price Health Sciences Portfolio, Class II |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 31 | 11.61 | 11.50 | 358 | 0.00% | 0.25% | 0.45% | 17.51% | 17.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 32 | 9.88 | 9.81 | 316 | 0.00% | 0.25% | 0.45% | 1.16% | 0.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 32 | 9.77 | 9.71 | 316 | 0.00% | 0.25% | 0.45% | 2.43% | 2.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 26 | 9.54 | 9.50 | 247 | 0.00% | 0.25% | 0.45% | (12.90)% | (13.08)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 5 | 10.95 | 10.93 | 58 | 0.00% | 0.25% | 0.45% | 2.86% | 1.86% |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | As of December 31 | As of December 31 | As of December 31 | As of December 31 | As of December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 | For the period ended December 31 |
| Subaccount | Units <br> (000's) | 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 |
| T. Rowe Price Moderate Allocation Portfolio | T. Rowe Price Moderate Allocation Portfolio | T. Rowe Price Moderate Allocation Portfolio |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 42 | $12.69 | $12.56 | $534 | 2.28% | 0.25% | 0.45% | 14.22% | 13.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 43 | 11.11 | 11.02 | 473 | 2.31% | 0.25% | 0.45% | 9.78% | 9.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 43 | 10.12 | 10.06 | 436 | 2.33% | 0.25% | 0.45% | 15.06% | 14.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 44 | 8.79 | 8.76 | 383 | 1.49% | 0.25% | 0.45% | (18.52)% | (18.68)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 44 | 10.79 | 10.77 | 474 | 1.31% | 0.25% | 0.45% | 1.39% | 0.04% |
| Templeton Developing Markets VIP Fund, Class 2 | Templeton Developing Markets VIP Fund, Class 2 | Templeton Developing Markets VIP Fund, Class 2 |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 8 | 14.84 | 14.84 | 121 | 0.62% | 0.25% | 0.25% | 45.90% | 45.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 10 | 10.17 | 10.17 | 103 | 3.63% | 0.25% | 0.25% | 7.40% | 7.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 6 | 9.47 | 9.47 | 58 | 2.56% | 0.25% | 0.25% | 12.34% | 12.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 8 | 8.43 | 8.43 | 70 | 0.85% | 0.25% | 0.25% | (22.18)% | (22.18)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 1 | 10.83 | 10.83 | 6 | 0.00% | 0.25% | 0.25% | 1.50% | 1.50% |
| Templeton Foreign VIP Fund, Class 2 |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 4 | 17.00 | 17.00 | 63 | 2.33% | 0.45% | 0.45% | 28.61% | 28.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 4 | 13.22 | 13.22 | 49 | 2.40% | 0.45% | 0.45% | (1.44)% | (1.44)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 4 | 13.41 | 13.41 | 50 | 3.19% | 0.45% | 0.45% | 20.22% | 20.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 4 | 11.16 | 11.16 | 42 | 2.93% | 0.45% | 0.45% | (8.02)% | (8.02)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 4 | 12.13 | 12.13 | 45 | 2.12% | 0.45% | 0.45% | (2.15)% | (2.15)% |
| Templeton Global Bond VIP Fund, Class 2 | Templeton Global Bond VIP Fund, Class 2 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 |  | 4 | 9.47 | 9.37 | 35 | 0.00% | 0.25% | 0.45% | 15.44% | 15.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 |  | 4 | 8.20 | 8.13 | 30 | 0.00% | 0.25% | 0.45% | (11.59)% | (11.77)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 |  | 4 | 9.28 | 9.22 | 34 | 0.00% | 0.25% | 0.45% | 2.63% | 2.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 |  | 4 | 9.04 | 9.00 | 33 | 0.00% | 0.25% | 0.45% | (5.19)% | (5.38)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 |  | 9 | 9.53 | 9.51 | 22 | 0.00% | 0.25% | 0.45% | 0.19% | (4.96)% |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 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 |
| Western Asset Core Plus VIT Portfolio, Class II | Western Asset Core Plus VIT Portfolio, Class II | Western Asset Core Plus VIT Portfolio, Class II |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 | 19 | $9.45 | $9.36 | $177 | 4.25% | 0.25% | 0.45% | 7.42% | 7.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 | 38 | 8.79 | 8.73 | 332 | 8.62% | 0.25% | 0.45% | (1.11)% | (1.31)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 | 34 | 8.89 | 8.89 | 300 | 7.24% | 0.25% | 0.25% | 6.17% | 6.17% |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 | 16 | 8.38 | 8.38 | 136 | 3.33% | 0.25% | 0.25% | (17.49)% | (17.49)% |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 | 2 | 10.15 | 10.15 | 20 | 4.01% | 0.25% | 0.25% | (1.04)% | (1.04)% |

---

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

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

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

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

7. SUBSEQUENT
 EVENTS

The Separate Account has evaluated the effects of events subsequent to December 31, 2025, and through April 13, 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.