# EDGAR Filing Document

**Accession Number:** 0000943724
**File Stem:** 0001104659-26-051527
**Filing Date:** 2026-4
**Character Count:** 49375
**Document Hash:** bc47574467a42ad85e8b6451d2d705da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-051527.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001104659-26-051527

**CONFORMED SUBMISSION TYPE**: N-VPFS

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**EFFECTIVENESS DATE**: 20260429

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CIGNA VARIABLE ANNUITY SEPARATE ACCOUNT I
- **CENTRAL INDEX KEY:** 0000943724

**ORGANIZATION NAME:**
- **EIN:** 060303370
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-VPFS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09014
- **FILM NUMBER:** 26916276

**BUSINESS ADDRESS:**
- **STREET 1:** 900 COTTAGE GROVE RD
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06152-2251
- **BUSINESS PHONE:** 2037262920

**MAIL ADDRESS:**
- **STREET 1:** 900 COTTAGE GROVE ROAD
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06152-2251

## Series and Classes Contracts Data

### CIGNA VARIABLE ANNUITY SEPARATE ACCOUNT I (Series ID: S000010017)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000027697 | CIGNA Life Accru VA |  |

**CIGNA Variable Annuity Separate Account I**

------

**CIGNA Variable Annuity Separate Account I**

**Statements of assets and liabilities**

**December 31, 2025**

---

| | | | |
|:---|:---|:---|:---|
| *Subaccount* | *Investments ($)* | *Total Assets ($)* | *Net Assets ($)* |
| Alger Capital Appreciation Portfolio - Class I-2 | 415278 | 415278 | 415278 |
| Alger Large Cap Growth Portfolio - Class I-2 | 1018275 | 1018275 | 1018275 |
| Alger Mid Cap Growth Portfolio - Class I-2 | 368742 | 368742 | 368742 |
| Alger Small Cap Growth Portfolio - Class I-2 | 384217 | 384217 | 384217 |
| Fidelity® VIP Asset Manager 50% Portfolio - Initial Class | 3137 | 3137 | 3137 |
| Fidelity® VIP Equity-Income Portfolio - Initial Class | 552732 | 552732 | 552732 |
| Fidelity® VIP Government Money Market Portfolio - Initial Class | 82394 | 82394 | 82394 |
| Fidelity® VIP High Income Portfolio - Initial Class | 260247 | 260247 | 260247 |
| Fidelity® VIP Investment Grade Bond Portfolio - Initial Class | 57280 | 57280 | 57280 |
| Fidelity® VIP Overseas Portfolio - Initial Class | 236714 | 236714 | 236714 |
| MFS® VIT Total Return Series - Initial Class | 36769 | 36769 | 36769 |
| MFS® VIT Utilities Series - Initial Class | 92098 | 92098 | 92098 |
| MFS® VIT II Income Portfolio - Initial Class | 1975 | 1975 | 1975 |
| Neuberger Berman AMT Mid Cap Growth Portfolio - I Class | 9765 | 9765 | 9765 |
| Neuberger Berman AMT Quality Equity Portfolio - I Class | 85429 | 85429 | 85429 |
| Neuberger Berman AMT Short Duration Bond Portfolio - I Class | 1290 | 1290 | 1290 |

---

See accompanying notes

------

**CIGNA Variable Annuity Separate Account I**

**Statements of operations**

**Year Ended December 31, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Subaccount* | *Dividends from Investment Income ($)* | *Mortality and Expense Guarantee Charges ($)* | *Net Investment Income (Loss) ($)* | *Net Realized Gain (Loss) on Investments ($)* | *Dividends from Net Realized Gain on Investments ($)* | *Total Net Realized Gain (Loss) on Investments ($)* | *Net Change in Unrealized Appreciation or Depreciation on Investments ($)* | *Net Increase in Net Assets Resulting from Operations ($)* |
| Alger Capital Appreciation Portfolio - Class I-2 |  | (4707) | (4707) | 6295 | 65813 | 72108 | 33331 | 100732 |
| Alger Large Cap Growth Portfolio - Class I-2 |  | (14088) | (14088) | 151644 | 109844 | 261488 | 50947 | 298347 |
| Alger Mid Cap Growth Portfolio - Class I-2 |  | (6953) | (6953) | (1176) |  | (1176) | 62363 | 54234 |
| Alger Small Cap Growth Portfolio - Class I-2 |  | (5821) | (5821) | (79454) | 4463 | (74991) | 86214 | 5402 |
| Fidelity® VIP Asset Manager 50% Portfolio - Initial Class | 76 | (108) | (32) | 1146 | 394 | 1540 | (411) | 1097 |
| Fidelity® VIP Equity-Income Portfolio - Initial Class | 9422 | (6700) | 2722 | 5292 | 29054 | 34346 | 46388 | 83456 |
| Fidelity® VIP Government Money Market Portfolio - Initial Class | 3294 | (1057) | 2237 |  |  |  |  | 2237 |
| Fidelity® VIP High Income Portfolio - Initial Class | 16478 | (3324) | 13154 | (2491) |  | (2491) | 11245 | 21908 |
| Fidelity® VIP Investment Grade Bond Portfolio - Initial Class | 2269 | (909) | 1360 | (5663) |  | (5663) | 8103 | 3800 |
| Fidelity® VIP Overseas Portfolio - Initial Class | 3779 | (3906) | (127) | 27682 | 21313 | 48995 | 3293 | 52161 |
| MFS® VIT Total Return Series - Initial Class | 1121 | (623) | 498 | 2543 | 2989 | 5532 | (1897) | 4133 |
| MFS® VIT Utilities Series - Initial Class | 2571 | (1774) | 797 | 30516 | 1176 | 31692 | (19416) | 13073 |
| MFS® VIT II Income Portfolio - Initial Class | 206 | (59) | 147 | (351) |  | (351) | 487 | 283 |
| Neuberger Berman AMT Mid Cap Growth Portfolio - I Class |  | (353) | (353) | 6654 | 1654 | 8308 | (5316) | 2639 |
| Neuberger Berman AMT Quality Equity Portfolio - I Class |  | (3406) | (3406) | 97330 | 13334 | 110664 | (84838) | 22420 |
| Neuberger Berman AMT Short Duration Bond Portfolio - I Class | 68 | (17) | 51 | (1) |  | (1) | 3 | 53 |

---

See accompanying notes

------

**CIGNA Variable Annuity Separate Account I**

**Statements of changes in net assets**

**Year Ended December 31, 2024**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | *Changes From Operations* | *Changes From Operations* | *Changes From Operations* | *Changes From Operations* | *Changes From Unit Transactions* | *Changes From Unit Transactions* |  |  |
| *Subaccount* | *Net Assets at January 1, 2024 ($)* | *Net investment income (loss) ($)* | *Net realized gain (loss) on investments ($)* | *Net change in unrealized appreciation or depreciation on investments ($)* | *Net Increase in Net Assets Resulting from Operations ($)* | *Net unit transactions ($)* | *Net Increase (Decrease) in Net Assets Resulting from Unit Transactions ($)* | *Total Increase (Decrease) in Net Assets ($)* | *Net Assets at December 31, 2024 ($)* |
| Alger Capital Appreciation Portfolio - Class I-2 | 220914 | (3570) | 967 | 104753 | 102150 | 147 | 147 | 102297 | 323211 |
| Alger Large Cap Growth Portfolio - Class I-2 | 775372 | (11762) | 15953 | 301743 | 305934 | (67336) | (67336) | 238598 | 1013970 |
| Alger Mid Cap Growth Portfolio - Class I-2 | 586313 | (8216) | (7023) | 125108 | 109869 | (43000) | (43000) | 66869 | 653182 |
| Alger Small Cap Growth Portfolio - Class I-2 | 504883 | (4770) | (5262) | 44130 | 34098 | (5716) | (5716) | 28382 | 533265 |
| Fidelity® VIP Asset Manager 50% Portfolio - Initial Class | 24336 | (31) | 2433 | (683) | 1719 | (17640) | (17640) | (15921) | 8415 |
| Fidelity® VIP Equity-Income Portfolio - Initial Class | 445430 | 2330 | 32257 | 26281 | 60868 | (17477) | (17477) | 43391 | 488821 |
| Fidelity® VIP Government Money Market Portfolio - Initial Class | 78870 | 2936 |  |  | 2936 | (1588) | (1588) | 1348 | 80218 |
| Fidelity® VIP High Income Portfolio - Initial Class | 245943 | 11591 | (3329) | 9771 | 18033 | (12806) | (12806) | 5227 | 251170 |
| Fidelity® VIP Investment Grade Bond Portfolio - Initial Class | 97436 | 2093 | (598) | (1056) | 439 | (3010) | (3010) | (2571) | 94865 |
| Fidelity® VIP Overseas Portfolio - Initial Class | 268979 | 985 | 14439 | (5405) | 10019 | (2194) | (2194) | 7825 | 276804 |
| MFS® VIT Total Return Series - Initial Class | 81581 | 1069 | 6214 | (2045) | 5238 | (26101) | (26101) | (20863) | 60718 |
| MFS® VIT Utilities Series - Initial Class | 226135 | 2418 | 8875 | 11706 | 22999 | (8940) | (8940) | 14059 | 240194 |
| MFS® VIT II Income Portfolio - Initial Class | 5617 | 115 | (154) | 142 | 103 | (1038) | (1038) | (935) | 4682 |
| Neuberger Berman AMT Mid Cap Growth Portfolio - I Class | 57711 | (685) | 7422 | 3622 | 10359 | (33223) | (33223) | (22864) | 34847 |
| Neuberger Berman AMT Quality Equity Portfolio - I Class | 287925 | (3538) | 19779 | 53513 | 69754 | (6786) | (6786) | 62968 | 350893 |
| Neuberger Berman AMT Short Duration Bond Portfolio - I Class | 1929 | 47 | (57) | 86 | 76 | (768) | (768) | (692) | 1237 |

---

See accompanying notes

------

**CIGNA Variable Annuity Separate Account I**

**Statements of changes in net assets (continued)**

**Year Ended December 31, 2025**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | *Changes From Operations* | *Changes From Operations* | *Changes From Operations* | *Changes From Operations* | *Changes From Unit Transactions* | *Changes From Unit Transactions* |  |  |
| *Subaccount* | *Net Assets At January 1, 2025 ($)* | *Net investment income (loss) ($)* | *Net realized gain (loss) on investments ($)* | *Net change in unrealized appreciation or depreciation on investments ($)* | *Net Increase in Net Assets Resulting from Operations ($)* | *Net unit transactions ($)* | *Net Decrease in Net Assets Resulting from Unit Transactions ($)* | *Total Increase (Decrease) in Net Assets ($)* | *Net Assets at December 31, 2025 ($)* |
| Alger Capital Appreciation Portfolio - Class I-2 | 323211 | (4707) | 72108 | 33331 | 100732 | (8665) | (8665) | 92067 | 415278 |
| Alger Large Cap Growth Portfolio - Class I-2 | 1013970 | (14088) | 261488 | 50947 | 298347 | (294042) | (294042) | 4305 | 1018275 |
| Alger Mid Cap Growth Portfolio - Class I-2 | 653182 | (6953) | (1176) | 62363 | 54234 | (338674) | (338674) | (284440) | 368742 |
| Alger Small Cap Growth Portfolio - Class I-2 | 533265 | (5821) | (74991) | 86214 | 5402 | (154450) | (154450) | (149048) | 384217 |
| Fidelity® VIP Asset Manager 50% Portfolio - Initial Class | 8415 | (32) | 1540 | (411) | 1097 | (6375) | (6375) | (5278) | 3137 |
| Fidelity® VIP Equity-Income Portfolio - Initial Class | 488821 | 2722 | 34346 | 46388 | 83456 | (19545) | (19545) | 63911 | 552732 |
| Fidelity® VIP Government Money Market Portfolio - Initial Class | 80218 | 2237 |  |  | 2237 | (61) | (61) | 2176 | 82394 |
| Fidelity® VIP High Income Portfolio - Initial Class | 251170 | 13154 | (2491) | 11245 | 21908 | (12831) | (12831) | 9077 | 260247 |
| Fidelity® VIP Investment Grade Bond Portfolio - Initial Class | 94865 | 1360 | (5663) | 8103 | 3800 | (41385) | (41385) | (37585) | 57280 |
| Fidelity® VIP Overseas Portfolio - Initial Class | 276804 | (127) | 48995 | 3293 | 52161 | (92251) | (92251) | (40090) | 236714 |
| MFS® VIT Total Return Series - Initial Class | 60718 | 498 | 5532 | (1897) | 4133 | (28082) | (28082) | (23949) | 36769 |
| MFS® VIT Utilities Series - Initial Class | 240194 | 797 | 31692 | (19416) | 13073 | (161169) | (161169) | (148096) | 92098 |
| MFS® VIT II Income Portfolio - Initial Class | 4682 | 147 | (351) | 487 | 283 | (2990) | (2990) | (2707) | 1975 |
| Neuberger Berman AMT Mid Cap Growth Portfolio - I Class | 34847 | (353) | 8308 | (5316) | 2639 | (27721) | (27721) | (25082) | 9765 |
| Neuberger Berman AMT Quality Equity Portfolio - I Class | 350893 | (3406) | 110664 | (84838) | 22420 | (287884) | (287884) | (265464) | 85429 |
| Neuberger Berman AMT Short Duration Bond Portfolio - I Class | 1237 | 51 | (1) | 3 | 53 |  |  | 53 | 1290 |

---

See accompanying notes

------

**CIGNA Variable Annuity Separate Account I**

**Notes to financial statements**

**December 31, 2025**

**1. Accounting Policies and Variable Account Information**

***The Variable Account:*** CIGNA Variable Annuity Separate Account I (the Variable Account) is a segregated investment account of the CIGNA Life Insurance Company (the Company) and is registered as a unit investment trust with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended. The operations of the Variable Account are part of the operations of the Company. The assets and liabilities of the Variable Account are clearly identified and distinguished from other assets and liabilities of the Company. The assets of the Variable Account are owned by the Company, but are not available to meet the general obligations of the Company. The Variable Account only offers one product (Flexible Payment Deferred) at one fee rate.

Effective January 1, 1998, the Company contracted the administrative servicing obligations to its individual variable annuity business to The Lincoln National Life Insurance Company (Lincoln Life). Although the Company is responsible for all policy terms and conditions, Lincoln Life is responsible for servicing the individual annuity contracts, including the payment of benefits, oversight of investment management and contract administration.

***Basis of Presentation:*** The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for unit investment trusts.

Certain amounts presented in the financial statement footnotes for prior year periods in this report have been reclassified to conform to the presentation adopted in the current year.

***Accounting Estimates:*** The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions affecting the reported amounts as of the date of the financial statements. Those estimates are inherently subject to change and actual results could differ from those estimates. Included among the material (or potentially material) reported amounts that require use of estimates is the fair value of certain assets.

***Investments:*** The assets of the Variable Account are divided into variable subaccounts, each of which may be invested in shares of one of seventeen mutual funds (the Funds) of six open-ended management investment companies, each Fund with its own investment objective. The Funds are:

---

| |
|:---|
| The Alger Portfolios: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alger Capital Appreciation Portfolio - Class I-2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alger Large Cap Growth Portfolio - Class I-2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alger Mid Cap Growth Portfolio - Class I-2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alger Small Cap Growth Portfolio - Class I-2 |
| Fidelity® Variable Insurance Products: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity® VIP Asset Manager 50% Portfolio - Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity® VIP Equity-Income Portfolio - Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity® VIP Government Money Market Portfolio - Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity® VIP High Income Portfolio - Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity® VIP Investment Grade Bond Portfolio - Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity® VIP Overseas Portfolio - Initial Class |
| Goldman Sachs Variable Insurance Trust: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs VIT Government Money Market Fund - Institutional Shares\* |
| MFS® Variable Insurance Trust: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MFS® VIT Total Return Series - Initial Class |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MFS® VIT Utilities Series - Initial Class |
| MFS® Variable Insurance Trust II: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MFS® VIT II Income Portfolio - Initial Class |
| Neuberger Berman Advisers Management Trust: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neuberger Berman AMT Mid Cap Growth Portfolio - I Class |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neuberger Berman AMT Quality Equity Portfolio - I Class |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neuberger Berman AMT Short Duration Bond Portfolio - I Class |

---

\* Available fund with no money invested at December 31, 2025

Each subaccount invests in shares of a single underlying Fund. The investment performance of the subaccount will reflect the investment performance of the underlying Fund less separate account expenses. There is no assurance that the investment objective of any underlying Fund will be met. A Fund calculates a daily net asset value per share ("NAV") which is based on the market value of its investment portfolio. The amount of risk varies significantly between subaccounts. Due to the level of risk associated with certain investment portfolios, it is at least reasonably possible that changes in the values of investment portfolios will occur in the near term and that such changes could materially affect contract holders' investments in the Fund and the amounts reported in the financial statements. The contract holder assumes all of the investment performance risk for the subaccounts selected.

Investments in the Funds are stated at fair value as determined by the closing net asset value per share on December 31, 2025. Net asset value is quoted by the Funds as derived by the fair value of the Funds' underlying investments. The difference between cost and net asset value is reflected as unrealized appreciation or depreciation of investments. There are no redemption restrictions on investments in the Funds.

Investments for which the fair value is measured at NAV using the practical expedient (investments in investees measured at NAV) are excluded from the fair value hierarchy. Accordingly, the Variable Account's investments in the Funds have not been classified in the fair value hierarchy.

Investment transactions are accounted for on a trade-date basis. The cost of investments sold is determined by the average cost method.

ASC 946-10-15, "Financial Services - Investment Companies (Topic 946) - Scope and Scope Exceptions" provides accounting guidance for assessing whether an entity is an investment company. This guidance evaluates the entity's purpose and design to determine whether the entity is an investment company. The standard also adds additional disclosure requirements regarding contractually required commitments to investees. Management has evaluated the criteria in the standard and concluded that the Variable Account qualifies as an investment company and therefore applies the accounting requirements of ASC 946.

***Dividends:*** Dividends paid to the Variable Account are automatically reinvested in shares of the Funds on the payable date with the exception of Fidelity VIP Government Money Market Portfolio which is invested monthly. Dividend income is recorded on the ex-dividend date.

***Federal Income Taxes:*** Operations of the Variable Account form a part of and are taxed with operations of the Company, which is taxed as a "life insurance company" under the Internal Revenue Code.The Variable Account will not be taxed as a regulated investment company under Subchapter M of the Internal Revenue Code, as amended. Under current federal income tax law, no federal income taxes are payable or receivable with respect to the Variable Account's Net Investment Income (Loss) and the Net Realized Gain (Loss) on Investments.

***Annuity Reserves*:** The amount of annuity reserves is determined by the actuarial assumptions which meet statutory requirements. Gains or losses resulting from the actuarial mortality experience, the responsibility of which is assumed by the Company, are offset by transfers to or from the Company.

***Diversification Requirements:*** Under the provisions of Section 817(h) of the Internal Revenue Code of 1986 (the Code), a variable annuity contract, other than a contract issued in connection with certain types of employee benefit plans, will not be treated as an annuity contract for federal tax purposes for any period for which the investments of the segregated asset account, on which the contract is based, are not adequately diversified. The Code provides that the "adequately diversified" requirement may be met if the underlying investments satisfy either a statutory safe harbor test or diversification requirements set forth in regulations issued by the Secretary of the Treasury. The Company believes, based on assurances from the mutual fund managers, that the mutual funds satisfy the requirements of the regulations.

***Segment Reporting***: In this reporting period, we adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"). Adoption of the new standard impacted financial statement disclosures only and did not affect our financial position or the results of its operations.

Each subaccount of the Variable Account constitutes a single operating segment and therefore, a single reportable segment because the chief operating decision maker ("CODM") manages the activities of the Variable Account using information of each fund. The Variable Account is engaged in a single line of business as a registered unit investment trust. The Variable Account is a funding vehicle for individual variable annuity contracts with assets owned by the Company to support the liabilities of the applicable insurance contracts. The subaccounts have identified the Board of Directors of the Lincoln Financial Investments Corporation as the CODM as the Variable Account does not have employees and is not a separate legal entity. Lincoln Financial Investments Corporation is a wholly owned subsidiary of Lincoln Life.

The CODM uses Net Increase (Decrease) in Net Assets Resulting from Operations as their performance measure in order to make operational decisions while monitoring the net assets of each of the subaccounts within the Variable Account. The accounting policies used to measure profit and loss of the segments are the same as those described in the Accounting Policies and Variable Account Information (see note 1). The measure of segment assets is reported on the Statements of assets and liabilities as Total Assets and significant segment expenses are listed on the Statements of operations. Refer to the Statements of operations and Statements of changes in net assets for each subaccount's operating segment results as of December 31, 2025 and 2024.

***Investment Fund Changes:*** During 2025, the following funds changed their names:

---

| | |
|:---|:---|
| ***Previous Fund Name*** | ***New Fund Name*** |
| Fidelity® VIP Asset Manager Portfolio - Initial Class | Fidelity® VIP Asset Manager 50% Portfolio - Initial Class |
| Neuberger Berman AMT Sustainable Equity Portfolio - I Class | Neuberger Berman AMT Quality Equity Portfolio - I Class |

---

------

**CIGNA Variable Annuity Separate Account I**

**Notes to financial statements (continued)**

**2. Mortality and Expense Guarantees and Other Transactions with Affiliates**

The Company assumes the risk that annuitants may live longer than expected and also assumes a mortality risk in connection with the death benefits of the contract. The Company also assumes a risk that its actual administrative expenses may be higher than amounts deducted for such expenses. The Company charges each variable subaccount the daily equivalent of 1.20%, at an effective annual rate, of the current value of each subaccount's assets for the assumption of these risks. The mortality and expense risk charges for each of the variable subaccounts are reported in the Statements of operations.

The Company also deducts a daily administrative fee from assets of each variable subaccount as partial reimbursement for administrative expenses relating to the issuance and maintenance of the contract and the participant's annuity account. This charge is currently at an effective annual rate of .10%. The administrative fee for each of the variable subaccounts are reported in the Statements of operations.

As partial compensation for administrative services provided, the Company additionally receives a $35 annuity account fee per year from each contract. This charge is deducted from the fixed or variable subaccount of the participant or on a pro-rata basis from two or more fixed or variable subaccounts in relation to their values under the contract. Fixed subaccounts are part of the general account of the Company and are not included in the financial statements. The annuity account fee will be waived for any contract year in which the annuity account value equals or exceeds $100,000 as of the last valuation date of the contract year.

For an additional charge (optional death benefit fee), an optional death benefit may be selected by the participants. The optional death benefit fee will be deducted from the participant's fixed or variable subaccount or on a pro-rata basis from two or more fixed or variable subaccounts in relation to their values under the contract on the date of each contract anniversary.

Under certain circumstances, the Company reserves the right to charge a transfer fee of up to $10 for transfers between subaccounts.

No deduction for sales charges is made from the premium payment. However, if a cash withdrawal is made, a withdrawal charge (contingent deferred sales charge) may be assessed by the Company. The withdrawal charge, if assessed, varies from 0-7% depending upon the duration of each contract deposit. The withdrawal charge is deducted from withdrawal proceeds for full withdrawals and reduces the remaining account value for partial withdrawals. These charges are paid to the Company as reimbursement for services provided. These services include commissions paid to sales personnel, the cost associated with preparation of sales literature and other promotional costs and acquisition expenses.

Withdrawal, account and all other charges are included within Net unit transactions on the Statements of changes in net assets. The total charges for 2025 and 2024 were $890 and $900, respectively.

------

**CIGNA Variable Annuity Separate Account I**

**Notes to financial statements (continued)**

**3. Financial Highlights**

A summary of the fee rates, unit values, units outstanding, net assets and total return and investment income ratios for variable annuity contracts as of and for each year or period in the five years ended December 31, 2025, follows:

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Subaccount* | *Year* | *Commencement Date (1)* | *Minimum Fee Rate (2)* | *Maximum Fee Rate (2)* | *Minimum Unit Value ($) (3)* | *Maximum Unit Value ($) (3)* | *Units Outstanding* | *Net Assets ($)* | *Minimum Total Return (4)* | *Maximum Total Return (4)* | *Investment Income Ratio (5)* |
| Alger Capital Appreciation Portfolio - Class I-2 | 2025 |  | 1.30% | 1.30% | 259.76 | 259.76 | 1599 | 415278 | 31.16% | 31.16% | 0.00% |
|  | 2024 |  | 1.30% | 1.30% | 198.05 | 198.05 | 1632 | 323211 | 46.22% | 46.22% | 0.00% |
|  | 2023 |  | 1.30% | 1.30% | 135.45 | 135.45 | 1631 | 220914 | 41.28% | 41.28% | 0.00% |
|  | 2022 |  | 1.30% | 1.30% | 95.87 | 95.87 | 1629 | 156191 | -37.34% | -37.34% | 0.00% |
|  | 2021 |  | 1.30% | 1.30% | 153.01 | 153.01 | 1990 | 304488 | 17.59% | 17.59% | 0.00% |
| Alger Large Cap Growth Portfolio - Class I-2 | 2025 |  | 1.30% | 1.30% | 124.07 | 124.07 | 8207 | 1018275 | 28.59% | 28.59% | 0.00% |
|  | 2024 |  | 1.30% | 1.30% | 96.49 | 96.49 | 10509 | 1013970 | 41.04% | 41.04% | 0.00% |
|  | 2023 |  | 1.30% | 1.30% | 68.41 | 68.41 | 11334 | 775372 | 30.96% | 30.96% | 0.00% |
|  | 2022 |  | 1.30% | 1.30% | 52.24 | 52.24 | 11898 | 621517 | -39.45% | -39.45% | 0.00% |
|  | 2021 |  | 1.30% | 1.30% | 86.27 | 86.27 | 12551 | 1082813 | 10.40% | 10.40% | 0.00% |
| Alger Mid Cap Growth Portfolio - Class I-2 | 2025 |  | 1.30% | 1.30% | 102.64 | 102.64 | 3593 | 368742 | 15.26% | 15.26% | 0.00% |
|  | 2024 |  | 1.30% | 1.30% | 89.05 | 89.05 | 7335 | 653182 | 19.51% | 19.51% | 0.00% |
|  | 2023 |  | 1.30% | 1.30% | 74.52 | 74.52 | 7868 | 586313 | 21.58% | 21.58% | 0.00% |
|  | 2022 |  | 1.30% | 1.30% | 61.29 | 61.29 | 8330 | 510511 | -36.90% | -36.90% | 0.00% |
|  | 2021 |  | 1.30% | 1.30% | 97.13 | 97.13 | 9043 | 878315 | 2.86% | 2.86% | 0.00% |
| Alger Small Cap Growth Portfolio - Class I-2 | 2025 |  | 1.30% | 1.30% | 41.53 | 41.53 | 9251 | 384217 | 4.54% | 4.54% | 0.00% |
|  | 2024 |  | 1.30% | 1.30% | 39.73 | 39.73 | 13424 | 533265 | 6.73% | 6.73% | 0.39% |
|  | 2023 |  | 1.30% | 1.30% | 37.22 | 37.22 | 13565 | 504883 | 14.99% | 14.99% | 0.00% |
|  | 2022 |  | 1.30% | 1.30% | 32.37 | 32.37 | 13838 | 447924 | -38.82% | -38.82% | 0.00% |
|  | 2021 |  | 1.30% | 1.30% | 52.90 | 52.90 | 14713 | 778366 | -7.27% | -7.27% | 0.00% |
| Fidelity® VIP Asset Manager 50% Portfolio - Initial Class | 2025 |  | 1.30% | 1.30% | 44.63 | 44.63 | 70 | 3137 | 13.50% | 13.50% | 0.91% |
|  | 2024 |  | 1.30% | 1.30% | 39.32 | 39.32 | 214 | 8415 | 7.10% | 7.10% | 1.14% |
|  | 2023 |  | 1.30% | 1.30% | 36.71 | 36.71 | 663 | 24336 | 11.48% | 11.48% | 2.39% |
|  | 2022 |  | 1.30% | 1.30% | 32.93 | 32.93 | 663 | 21834 | -16.04% | -16.04% | 2.10% |
|  | 2021 |  | 1.30% | 1.30% | 39.22 | 39.22 | 663 | 26010 | 8.50% | 8.50% | 1.64% |
| Fidelity® VIP Equity-Income Portfolio - Initial Class | 2025 |  | 1.30% | 1.30% | 75.28 | 75.28 | 7343 | 552732 | 17.48% | 17.48% | 1.83% |
|  | 2024 |  | 1.30% | 1.30% | 64.08 | 64.08 | 7629 | 488821 | 13.86% | 13.86% | 1.79% |
|  | 2023 |  | 1.30% | 1.30% | 56.28 | 56.28 | 7915 | 445430 | 9.22% | 9.22% | 1.96% |
|  | 2022 |  | 1.30% | 1.30% | 51.53 | 51.53 | 8014 | 412929 | -6.19% | -6.19% | 1.85% |
|  | 2021 |  | 1.30% | 1.30% | 54.92 | 54.92 | 8976 | 492983 | 23.28% | 23.28% | 1.85% |
| Fidelity® VIP Government Money Market Portfolio - Initial Class | 2025 |  | 1.30% | 1.30% | 13.84 | 13.84 | 5952 | 82394 | 2.79% | 2.79% | 4.06% |
|  | 2024 |  | 1.30% | 1.30% | 13.47 | 13.47 | 5957 | 80218 | 3.75% | 3.75% | 4.99% |
|  | 2023 |  | 1.30% | 1.30% | 12.98 | 12.98 | 6076 | 78870 | 3.54% | 3.54% | 4.78% |
|  | 2022 |  | 1.30% | 1.30% | 12.54 | 12.54 | 6672 | 83646 | 0.13% | 0.13% | 1.42% |
|  | 2021 |  | 1.30% | 1.30% | 12.52 | 12.52 | 7247 | 90736 | -1.28% | -1.28% | 0.01% |
| Fidelity® VIP High Income Portfolio - Initial Class | 2025 |  | 1.30% | 1.30% | 26.81 | 26.81 | 9708 | 260247 | 8.94% | 8.94% | 6.44% |
|  | 2024 |  | 1.30% | 1.30% | 24.61 | 24.61 | 10206 | 251170 | 7.56% | 7.56% | 5.99% |
|  | 2023 |  | 1.30% | 1.30% | 22.88 | 22.88 | 10750 | 245943 | 9.05% | 9.05% | 5.68% |
|  | 2022 |  | 1.30% | 1.30% | 20.98 | 20.98 | 11028 | 231357 | -12.52% | -12.52% | 4.97% |
|  | 2021 |  | 1.30% | 1.30% | 23.98 | 23.98 | 11686 | 280265 | 3.06% | 3.06% | 5.29% |
| Fidelity® VIP Investment Grade Bond Portfolio - Initial Class | 2025 |  | 1.30% | 1.30% | 24.93 | 24.93 | 2297 | 57280 | 5.84% | 5.84% | 3.25% |
|  | 2024 |  | 1.30% | 1.30% | 23.56 | 23.56 | 4027 | 94865 | 0.47% | 0.47% | 3.48% |
|  | 2023 |  | 1.30% | 1.30% | 23.45 | 23.45 | 4156 | 97436 | 4.83% | 4.83% | 2.58% |
|  | 2022 |  | 1.30% | 1.30% | 22.37 | 22.37 | 4322 | 96663 | -14.09% | -14.09% | 2.22% |
|  | 2021 |  | 1.30% | 1.30% | 26.03 | 26.03 | 4888 | 127258 | -1.89% | -1.89% | 1.99% |
| Fidelity® VIP Overseas Portfolio - Initial Class | 2025 |  | 1.30% | 1.30% | 38.29 | 38.29 | 6183 | 236714 | 18.84% | 18.84% | 1.26% |
|  | 2024 |  | 1.30% | 1.30% | 32.22 | 32.22 | 8591 | 276804 | 3.70% | 3.70% | 1.64% |
|  | 2023 |  | 1.30% | 1.30% | 31.07 | 31.07 | 8657 | 268979 | 18.95% | 18.95% | 1.05% |
|  | 2022 |  | 1.30% | 1.30% | 26.12 | 26.12 | 9088 | 237391 | -25.46% | -25.46% | 1.02% |
|  | 2021 |  | 1.30% | 1.30% | 35.04 | 35.04 | 10250 | 359174 | 18.15% | 18.15% | 0.53% |
| MFS® VIT Total Return Series - Initial Class | 2025 |  | 1.30% | 1.30% | 55.37 | 55.37 | 664 | 36769 | 9.73% | 9.73% | 2.34% |
|  | 2024 |  | 1.30% | 1.30% | 50.46 | 50.46 | 1203 | 60718 | 6.36% | 6.36% | 2.73% |
|  | 2023 |  | 1.30% | 1.30% | 47.44 | 47.44 | 1720 | 81581 | 9.02% | 9.02% | 2.05% |
|  | 2022 |  | 1.30% | 1.30% | 43.52 | 43.52 | 1744 | 75893 | -10.75% | -10.75% | 1.61% |
|  | 2021 |  | 1.30% | 1.30% | 48.76 | 48.76 | 2416 | 117813 | 12.64% | 12.64% | 1.67% |
| MFS® VIT Utilities Series - Initial Class | 2025 |  | 1.30% | 1.30% | 118.63 | 118.63 | 776 | 92098 | 13.52% | 13.52% | 1.89% |
|  | 2024 |  | 1.30% | 1.30% | 104.50 | 104.50 | 2299 | 240194 | 10.22% | 10.22% | 2.32% |
|  | 2023 |  | 1.30% | 1.30% | 94.81 | 94.81 | 2385 | 226135 | -3.37% | -3.37% | 3.47% |
|  | 2022 |  | 1.30% | 1.30% | 98.12 | 98.12 | 2652 | 260186 | -0.55% | -0.55% | 2.42% |
|  | 2021 |  | 1.30% | 1.30% | 98.66 | 98.66 | 2897 | 285806 | 12.62% | 12.62% | 1.81% |
| MFS® VIT II Income Portfolio - Initial Class | 2025 |  | 1.30% | 1.30% | 24.33 | 24.33 | 81 | 1975 | 5.94% | 5.94% | 4.54% |
|  | 2024 |  | 1.30% | 1.30% | 22.97 | 22.97 | 204 | 4682 | 1.91% | 1.91% | 3.51% |
|  | 2023 |  | 1.30% | 1.30% | 22.54 | 22.54 | 249 | 5617 | 6.20% | 6.20% | 3.29% |
|  | 2022 |  | 1.30% | 1.30% | 21.22 | 21.22 | 337 | 7151 | -14.82% | -14.82% | 2.56% |
|  | 2021 |  | 1.30% | 1.30% | 24.91 | 24.91 | 1082 | 26947 | -0.83% | -0.83% | 3.13% |
| Neuberger Berman AMT Mid Cap Growth Portfolio - I Class | 2025 |  | 1.30% | 1.30% | 50.53 | 50.53 | 193 | 9765 | 4.09% | 4.09% | 0.00% |
|  | 2024 |  | 1.30% | 1.30% | 48.55 | 48.55 | 718 | 34847 | 22.42% | 22.42% | 0.00% |
|  | 2023 |  | 1.30% | 1.30% | 39.66 | 39.66 | 1455 | 57711 | 16.62% | 16.62% | 0.00% |
|  | 2022 |  | 1.30% | 1.30% | 34.01 | 34.01 | 1518 | 51623 | -29.66% | -29.66% | 0.00% |
|  | 2021 |  | 1.30% | 1.30% | 48.34 | 48.34 | 1752 | 84696 | 11.53% | 11.53% | 0.00% |
| Neuberger Berman AMT Quality Equity Portfolio - I Class | 2025 |  | 1.30% | 1.30% | 91.68 | 91.68 | 932 | 85429 | 12.27% | 12.27% | 0.00% |
|  | 2024 |  | 1.30% | 1.30% | 81.65 | 81.65 | 4297 | 350893 | 24.22% | 24.22% | 0.23% |
|  | 2023 |  | 1.30% | 1.30% | 65.73 | 65.73 | 4380 | 287925 | 25.26% | 25.26% | 0.35% |
|  | 2022 |  | 1.30% | 1.30% | 52.48 | 52.48 | 4695 | 246391 | -19.51% | -19.51% | 0.43% |
|  | 2021 |  | 1.30% | 1.30% | 65.19 | 65.19 | 5333 | 347703 | 21.88% | 21.88% | 0.38% |
| Neuberger Berman AMT Short Duration Bond Portfolio - I Class | 2025 |  | 1.30% | 1.30% | 15.38 | 15.38 | 84 | 1290 | 4.35% | 4.35% | 5.39% |
|  | 2024 |  | 1.30% | 1.30% | 14.73 | 14.73 | 84 | 1237 | 4.73% | 4.73% | 4.24% |
|  | 2023 |  | 1.30% | 1.30% | 14.07 | 14.07 | 137 | 1929 | 4.53% | 4.53% | 4.04% |
|  | 2022 |  | 1.30% | 1.30% | 13.46 | 13.46 | 190 | 2553 | -6.41% | -6.41% | 3.55% |
|  | 2021 |  | 1.30% | 1.30% | 14.38 | 14.38 | 374 | 5379 | -0.56% | -0.56% | 2.53% |

---

(1) Reflects less than a full year of activity. Funds were first received in this option on the commencement date noted or the option was inactive at the date funds were received thereby a succeeding commencement date is disclosed. In the scenario where a subaccount commenced operations during the year, the total returns may not bear proportion to the fee rate range if multiple fee rates commenced during the year.

(2) These amounts represent the annualized minimum and maximum contract expenses of the separate account, consisting primarily of mortality and expense charges, for only those subaccounts that existed for the entire year. In the scenario where a subaccount commenced operations during the year, the range only includes those subaccounts that contained investments as of the end of the year. The 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 funds have been excluded.

(3) As the unit value is presented as a range of minimum to maximum values for only those subaccounts which existed for the entire year, some individual contract unit values may not be within the ranges presented as a result of partial year activity. In the scenario where a subaccount commenced operations during the year, the range only includes those subaccounts that contained investments as of the end of the year.

(4) These amounts represent the total return, including changes in value of mutual funds, and reflect deductions for all items included in the fee rate. The total return does not include contract charges deducted directly from policy account values. The total return is not annualized.As the total return is presented as a range of minimum to maximum values for only those subaccounts that existed for the entire year, some individual contract total returns may not be within the ranges presented as a result of partial year activity. In the scenario where a subaccount commenced operations during the year, the range only includes those subaccounts that contained investments as of the end of the year.

(5) These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense guarantee charges, that result in direct reductions in the unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccounts invest. Investment income ratios are not annualized.

Note: Fee rate, unit value and total return minimum and maximum are the same where there is only one active contract level charge for the subaccount.

------

**CIGNA Variable Annuity Separate Account I**

**Notes to financial statements (continued)**

**4. Purchases and Sales of Investments**

The aggregate cost of investments purchased and the aggregate proceeds from investments sold were as follows for 2025:

---

| | | |
|:---|:---|:---|
| *Subaccount* | *Aggregate Cost of Purchases ($)* | *Aggregate Proceeds from Sales ($)* |
| Alger Capital Appreciation Portfolio - Class I-2 | 65813 | 13372 |
| Alger Large Cap Growth Portfolio - Class I-2 | 109808 | 308094 |
| Alger Mid Cap Growth Portfolio - Class I-2 |  | 345627 |
| Alger Small Cap Growth Portfolio - Class I-2 | 4459 | 160267 |
| Fidelity® VIP Asset Manager 50% Portfolio - Initial Class | 469 | 6482 |
| Fidelity® VIP Equity-Income Portfolio - Initial Class | 37773 | 25542 |
| Fidelity® VIP Government Money Market Portfolio - Initial Class | 3357 | 1181 |
| Fidelity® VIP High Income Portfolio - Initial Class | 15954 | 15631 |
| Fidelity® VIP Investment Grade Bond Portfolio - Initial Class | 2193 | 42218 |
| Fidelity® VIP Overseas Portfolio - Initial Class | 25074 | 96139 |
| MFS® VIT Total Return Series - Initial Class | 4109 | 28704 |
| MFS® VIT Utilities Series - Initial Class | 3744 | 162940 |
| MFS® VIT II Income Portfolio - Initial Class | 206 | 3049 |
| Neuberger Berman AMT Mid Cap Growth Portfolio - I Class | 1653 | 28073 |
| Neuberger Berman AMT Quality Equity Portfolio - I Class | 13326 | 291282 |
| Neuberger Berman AMT Short Duration Bond Portfolio - I Class | 68 | 17 |

---

------

**CIGNA Variable Annuity Separate Account I**

**Notes to financial statements (continued)**

**5. Investments**

The following is a summary of investments owned at December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Subaccount* | *Shares Owned* | *Net Asset Value ($)* | *Fair Value of Shares ($)* | *Cost of Shares ($)* |
| Alger Capital Appreciation Portfolio - Class I-2 | 3223 | 128.85 | 415278 | 257062 |
| Alger Large Cap Growth Portfolio - Class I-2 | 9870 | 103.17 | 1018275 | 634974 |
| Alger Mid Cap Growth Portfolio - Class I-2 | 15480 | 23.82 | 368742 | 324617 |
| Alger Small Cap Growth Portfolio - Class I-2 | 20613 | 18.64 | 384217 | 514494 |
| Fidelity® VIP Asset Manager 50% Portfolio - Initial Class | 178 | 17.62 | 3137 | 2635 |
| Fidelity® VIP Equity-Income Portfolio - Initial Class | 18781 | 29.43 | 552732 | 430568 |
| Fidelity® VIP Government Money Market Portfolio - Initial Class | 82394 | 1.00 | 82394 | 82394 |
| Fidelity® VIP High Income Portfolio - Initial Class | 53329 | 4.88 | 260247 | 300968 |
| Fidelity® VIP Investment Grade Bond Portfolio - Initial Class | 5042 | 11.36 | 57280 | 63469 |
| Fidelity® VIP Overseas Portfolio - Initial Class | 8602 | 27.52 | 236714 | 189297 |
| MFS® VIT Total Return Series - Initial Class | 1576 | 23.33 | 36769 | 34035 |
| MFS® VIT Utilities Series - Initial Class | 2441 | 37.73 | 92098 | 69884 |
| MFS® VIT II Income Portfolio - Initial Class | 231 | 8.54 | 1975 | 2203 |
| Neuberger Berman AMT Mid Cap Growth Portfolio - I Class | 337 | 28.99 | 9765 | 8890 |
| Neuberger Berman AMT Quality Equity Portfolio - I Class | 1998 | 42.76 | 85429 | 55304 |
| Neuberger Berman AMT Short Duration Bond Portfolio - I Class | 133 | 9.67 | 1290 | 1409 |

---

------

**CIGNA Variable Annuity Separate Account I**

**Notes to financial statements (continued)**

**6. Changes in Units Outstanding** 

The change in units outstanding for the year ended December 31, 2025, is as follows:

---

| | | | |
|:---|:---|:---|:---|
| *Subaccount* | *Units Issued* | *Units Redeemed* | *Net Decrease* |
| Alger Capital Appreciation Portfolio - Class I-2 |  | (33) | (33) |
| Alger Large Cap Growth Portfolio - Class I-2 |  | (2302) | (2302) |
| Alger Mid Cap Growth Portfolio - Class I-2 |  | (3742) | (3742) |
| Alger Small Cap Growth Portfolio - Class I-2 | 2 | (4175) | (4173) |
| Fidelity® VIP Asset Manager 50% Portfolio - Initial Class |  | (144) | (144) |
| Fidelity® VIP Equity-Income Portfolio - Initial Class |  | (286) | (286) |
| Fidelity® VIP Government Money Market Portfolio - Initial Class | 11 | (16) | (5) |
| Fidelity® VIP High Income Portfolio - Initial Class |  | (498) | (498) |
| Fidelity® VIP Investment Grade Bond Portfolio - Initial Class |  | (1730) | (1730) |
| Fidelity® VIP Overseas Portfolio - Initial Class |  | (2408) | (2408) |
| MFS® VIT Total Return Series - Initial Class |  | (539) | (539) |
| MFS® VIT Utilities Series - Initial Class |  | (1523) | (1523) |
| MFS® VIT II Income Portfolio - Initial Class |  | (123) | (123) |
| Neuberger Berman AMT Mid Cap Growth Portfolio - I Class |  | (525) | (525) |
| Neuberger Berman AMT Quality Equity Portfolio - I Class |  | (3365) | (3365) |

---

------

**CIGNA Variable Annuity Separate Account I**

**Notes to financial statements (continued)**

**6. Changes in Units Outstanding (continued)**

The change in units outstanding for the year ended December 31, 2024, is as follows:

---

| | | | |
|:---|:---|:---|:---|
| *Subaccount* | *Units Issued* | *Units Redeemed* | *Net Increase (Decrease)* |
| Alger Capital Appreciation Portfolio - Class I-2 | 2 | (1) | 1 |
| Alger Large Cap Growth Portfolio - Class I-2 |  | (825) | (825) |
| Alger Mid Cap Growth Portfolio - Class I-2 |  | (533) | (533) |
| Alger Small Cap Growth Portfolio - Class I-2 | 8 | (149) | (141) |
| Fidelity® VIP Asset Manager 50% Portfolio - Initial Class |  | (449) | (449) |
| Fidelity® VIP Equity-Income Portfolio - Initial Class | 1 | (287) | (286) |
| Fidelity® VIP Government Money Market Portfolio - Initial Class | 47 | (166) | (119) |
| Fidelity® VIP High Income Portfolio - Initial Class |  | (544) | (544) |
| Fidelity® VIP Investment Grade Bond Portfolio - Initial Class | 4 | (133) | (129) |
| Fidelity® VIP Overseas Portfolio - Initial Class |  | (66) | (66) |
| MFS® VIT Total Return Series - Initial Class | 2 | (519) | (517) |
| MFS® VIT Utilities Series - Initial Class |  | (86) | (86) |
| MFS® VIT II Income Portfolio - Initial Class | 4 | (49) | (45) |
| Neuberger Berman AMT Mid Cap Growth Portfolio - I Class |  | (737) | (737) |
| Neuberger Berman AMT Quality Equity Portfolio - I Class |  | (83) | (83) |
| Neuberger Berman AMT Short Duration Bond Portfolio - I Class |  | (53) | (53) |

---

**7. Subsequent Events**

Management evaluated subsequent events through April 29, 2026, the date at which the Variable Account's financial statements were available to be issued and determined there were no additional matters to be disclosed.

------

![image.png](tm263458d33ciglifevasafi001.jpg)

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Board of Directors of

CIGNA Life Insurance Company

and Contract Owners of CIGNA Variable

Annuity Separate Account I

**Opinion on the Financial Statements**

We have audited the accompanying statements of net assets of each of the subaccounts listed in the Appendix that comprise the CIGNA Variable Annuity Separate Account I (the Account), as of December 31, 2025, the related statements of operations for the year then ended, the statement of changes in net assets for the year then ended and the related notes (collectively referred to as the "financial statements"), and the financial highlights for the year then ended. In our opinion, the 2025 financial statements present fairly, in all material respects, the financial position of each of the subaccounts constituting CIGNA Variable Annuity Separate Account I at December 31, 2025, the results of its operations for the year then ended, the changes in its net assets for the period then ended, and the financial highlights for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

The statement of changes in net assets of the Account for the year ended December 31, 2024, and the financial highlights of the Account for each of the four years in the period then ended, in Note 3, were derived from financial statements audited by other auditors whose report dated April 24, 2025, expressed an unqualified opinion on those financial statements.

**Basis for Opinion**

These financial statements and the financial highlights are the responsibility of the Account's management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audit. 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 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 audit 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. The Account is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Account's internal control over financial reporting. Accordingly, we express no such opinion.

Our audit 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

![image.png](tm263458d33ciglifevasafi001.jpg)

procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audit also included evaluating the accounting principles used

and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audit provide a reasonable basis for our opinion.

We have served as the Account's auditor since 2026.

/s/ MITCHELL & TITUS, LLP

Philadelphia, PA

April 29, 2026

2000 Market Street,

Philadelphia, PA 19103

**T** +1 215 561 7300

**F** +1 215 569 8709

 **mitchelltitus.com**

------

![image.png](tm263458d33ciglifevasafi001.jpg)

APPENDIX

**List of Subaccounts**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Alger Capital Appreciation Portfolio – Class I-2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Alger Large Cap Growth Portfolio – Class I-2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Alger Mid Cap Growth Portfolio – Class I-2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Alger Small Cap Growth Portfolio – Class I-2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity VIP Asset Manager Portfolio – Initial Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity VIP Equity-Income Portfolio – Initial Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity VIP Government Money Market Portfolio – Initial Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity VIP High Income Portfolio – Initial Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity VIP Investment Grade Bond Portfolio – Initial Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity VIP Overseas Portfolio – Initial Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MFS VIT Total Return Series – Initial Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MFS VIT Utilities Series – Initial Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MFS VIT II Income Portfolio Series – Initial Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Neuberger Berman AMT Mid Cap Growth Portfolio – I Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Neuberger Berman AMT Short Duration Bond Portfolio – I Class

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Neuberger Berman AMT Sustainable Equity Portfolio – I Class