# EDGAR Filing Document

**Accession Number:** 0000878467
**File Stem:** 0001193125-26-196774
**Filing Date:** 2026-4
**Character Count:** 730917
**Document Hash:** d3b1382e7fa530ed1afeac3950eed39f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-196774.hdr.sgml**: 20260430

**ACCESSION NUMBER**: 0001193125-26-196774

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20260430

**DATE AS OF CHANGE**: 20260430

**EFFECTIVENESS DATE**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EMPIRE FIDELITY INVESTMENTS VARIABLE ANNUITY ACCOUNT A
- **CENTRAL INDEX KEY:** 0000878467

**ORGANIZATION NAME:**
- **EIN:** 061326202
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06388
- **FILM NUMBER:** 26924202

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 6175637000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EMPIRE FIDELITY INVESTMENTS VARIABLE ANNUITY ACCOUNT A
- **CENTRAL INDEX KEY:** 0000878467

**ORGANIZATION NAME:**
- **EIN:** 061326202
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-54924
- **FILM NUMBER:** 26924201

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 6175637000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### EMPIRE FIDELITY INVESTMENTS VARIABLE ANNUITY ACCOUNT A (Series ID: S000008820)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000024024 | Income Advantage |  |

##### [**Table of Contents**](#toc)
**As filed with the SEC on April 30, 2026** 

**Registration No. 33-54924** 

**Registration No. 811-06388** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM N-4** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

**Pre-Effective Amendment No.** 

---

| | |
|:---|:---|
| **Post-Effective Amendment No. 38** | ☒ |

---

**REGISTRATION STATEMENT** 

***UNDER***

***THE INVESTMENT COMPANY ACT OF 1940***

---

| | |
|:---|:---|
| **Amendment No. 126** | ☒ |

---

**EMPIRE FIDELITY INVESTMENTS VARIABLE ANNUITY ACCOUNT A** 

**(Exact Name of Registered Separate Account)** 

**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(Name of Insurance Company)** 

**640 Fifth Avenue** 

**New York, New York 10019** 

**(Address of Insurance Company's Principal Executive Offices)** 

**Insurance Company's Telephone Number: (800) 544-8888** 

**ARI LINDNER** 

**President** 

**Empire Fidelity Investments Life Insurance Company** 

**640 Fifth Avenue** 

**New York, New York 10019** 

**(Name and Address of Agent for Service)** 

***Copy to:***

**MICHAEL BERENSON** 

**MORGAN, LEWIS & BOCKIUS LLP** 

**1111 Pennsylvania Avenue, N.W.** 

**Washington, D.C. 20004** 

**It is proposed that this filing will become effective (check appropriate box):** 

☒ immediately upon filing pursuant to paragraph (b) of rule 485

☐ on April 30, 2026, pursuant to paragraph (b) of rule 485

☐ 60 days after filing pursuant to paragraph (a)(1) of rule 485

☐ on (date) pursuant to paragraph (a)(1) of rule 485 under the Securities Act of 1933 ("Securities Act").

**If appropriate, check the following box:** 

☐ This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

------

##### [**Table of Contents**](#toc)
**PROSPECTUS** 

April 30, 2026

**Income Advantage** 

Issued by **Empire Fidelity Investments Life Insurance Company<sup>®</sup>** 

**("EFILI")** 

**Introduction:** 

This prospectus describes an individual, single premium, immediate variable income annuity contract (the "Contract") issued by Empire Fidelity Investments Life Insurance Company ("EFILI", the "Company", "we", or "us"). The Contract provides you (the "Annuitant") with the opportunity to receive annuity income for life at regular intervals (the "Annuity Income Dates"). Annuity income can be for your lifetime, or for your lifetime and the lifetime of a second person you name (the "Joint Annuitant").

When you purchased your Contract, you chose all fixed annuity income, all variable annuity income, or a combination of the two. We guarantee the amount of fixed annuity income on each Annuity Income Date, but we do not guarantee the amount of variable annuity income. Variable annuity income fluctuates in amount according to the investment results of the Subaccounts of **Empire Fidelity Investments Variable Annuity Account A (the "Variable Account")** that you choose.

Currently, we do not offer this Contract for sale to new investors.

You purchased your Contract (1) on a non-qualified basis ("Non-qualified Contract"), or (2) on a qualified basis ("Qualified Contract") as an Individual Retirement Annuity ("IRA") with a contribution transferred from an IRA or rolled-over from a qualified plan such as a 401(a) or a 401(k) plan, a 403(b) plan, a governmental 457(b) plan, or an IRA. An Individual Retirement Annuity that is a Roth IRA could be purchased only with a contribution rolled over from another Roth IRA.

**Important Disclosures:** 

The Contract is a complex investment and involves risks, including risk of loss. It is not a short-term investment and is not suitable for an investor who needs ready access to cash. The taxable portion of annuity income payments and withdrawals will generally be taxed as ordinary income and may be subject to a penalty tax if received before age 59<sup>1</sup>⁄<sub>2</sub>.

EFILI's obligations and guarantees under the Contract are subject to EFILI's financial strength and claims- paying ability.

**Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or determined if this prospectus is accurate or complete. Any representation to the contrary is a criminal offense.** 

Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at www.Investor.gov.

------

##### [**Table of Contents**](#toc)
**<u>**TABLE OF CONTENTS**</u>**

---

| | |
|:---|:---|
| [**Glossary**](#pro103432_1) | 4 |
| [**Overview of the Contract**](#pro103432_2) | 6 |
| [**Important Information You Should Consider About the Contract**](#pro103432_3) | 7 |
| [**Fee Tables**](#pro103432_4) | 10 |
| [**1. Principal Risks of Investing in the Contract**](#pro103432_5) | 11 |
| [**2. EFILI, the Variable Account, the Funds, and the Distributors**](#pro103432_6) | 12 |
| [(a). EFILI and the Variable Account](#pro103432_7) | 12 |
| [(b). The Funds](#pro103432_8) | 12 |
| [(c). Selling the Contracts](#pro103432_9) | 13 |
| [(d). Legal Proceedings](#pro103432_10) | 13 |
| [**3. Purchase Payment**](#pro103432_11) | 13 |
| [**4. Annuity Income**](#pro103432_12) | 14 |
| [(a). Annuity Income Dates](#pro103432_13) | 14 |
| [(b). Fixed, Variable or Combination Annuity Income](#pro103432_14) | 14 |
| [(c). Benchmark Rate of Return](#pro103432_15) | 15 |
| [**5. Annuity Income Options Available at Purchase**](#pro103432_16) | 15 |
| [(a). Your Selection of an Annuity Income Option](#pro103432_17) | 15 |
| [(b). Annuity Income Options without a Withdrawal Period](#pro103432_18) | 16 |
| [(c). Annuity Income Options including a Withdrawal Period](#pro103432_19) | 16 |
| [**6. Benefits Available Under the Contract**](#pro103432_20) | 18 |
| [(a). Overview of Benefits](#pro103432_21) | 18 |
| [(b). Death Benefit](#pro103432_22) | 19 |
| [(c). Contracts Purchased with a Guarantee Period](#pro103432_23) | 19 |
| [(d). Contracts Purchased with a Withdrawal Period](#pro103432_24) | 20 |
| [**7. Trading Among Subaccounts**](#pro103432_25) | 22 |
| [(a). Overview](#pro103432_26) | 22 |
| [(b). Making Exchanges by Telephone or Internet](#pro103432_27) | 22 |
| [(c). Effective Date of Exchanges Among Subaccounts](#pro103432_28) | 23 |
| [(d). Use of Market Timing Services](#pro103432_29) | 23 |
| [(e). Short-Term Trading Risk](#pro103432_30) | 23 |
| [(f). EFILI Policies Regarding Frequent Trading](#pro103432_31) | 24 |
| [(g). Frequent Trading Monitoring and Restriction Procedures](#pro103432_32) | 24 |
| [**8. Current Charges and Other Deductions**](#pro103432_33) | 25 |
| [(a). Base Contract Expenses](#pro103432_34) | 25 |
| [(b). Premium Taxes](#pro103432_35) | 25 |
| [(c). Expenses of the Funds](#pro103432_36) | 25 |
| [(d). Other Taxes](#pro103432_37) | 26 |
| [**9. Tax Considerations**](#pro103432_38) | 26 |
| [(a). Introduction](#pro103432_39) | 26 |
| [(b). Treatment of Distributions](#pro103432_40) | 26 |
| [(c). Qualified Contracts](#pro103432_41) | 27 |
| [(d). Tax Deferral Until Distributions are Made](#pro103432_42) | 29 |
| [(e). EFILI's Tax Status](#pro103432_43) | 30 |

---

------

##### [**Table of Contents**](#toc)

---

| | |
|:---|:---|
| [**10. More Information about the Contract**](#pro103432_44) | 30 |
| [(a). Contract Rights](#pro103432_45) | 30 |
| [(b). Reports](#pro103432_46) | 32 |
| [(c). Postponement of Benefits](#pro103432_47) | 32 |
| [(d). Signature Guarantee or Customer Authentication](#pro103432_48) | 32 |
| [(e). Misstatement of Date of Birth or Sex](#pro103432_49) | 32 |
| [(f). Notification of Death](#pro103432_50) | 33 |
| [(g). Assignment](#pro103432_51) | 33 |
| [(h). Dividends](#pro103432_52) | 33 |
| [(i). Written Requests Received at the Company](#pro103432_53) | 33 |
| [**11. More Information about the Variable Account and the Funds**](#pro103432_54) | 33 |
| [(a). Changes in Subaccounts](#pro103432_55) | 33 |
| [(b). Voting Rights](#pro103432_56) | 34 |
| [(c). Resolving Material Conflicts](#pro103432_57) | 34 |
| [(d). Total Return for a Subaccount](#pro103432_58) | 34 |
| [**Appendix A: Funds Available Under the Contract**](#pro103432_59) | 35 |
| [**Appendix B: Hypothetical Examples Applicable to Contracts with a Withdrawal Period**](#pro103432_60) | 42 |

---

------

##### [**Table of Contents**](#toc)
**<u>GLOSSARY</u>**

**Annuitant** - You are the Annuitant. You receive lifetime income. For Qualified Contracts all annuity income during your lifetime must be received only by you. Either you or the Joint Annuitant generally must be no older than 85 years of age on the Contract Date. To choose the Withdrawal Period, either you or the Joint Annuitant must be no more than 72 years old on the Contract Date. You must also be an Owner.

**Annuity Income Dates** - The dates we determine the amount of annuity income. If the New York Stock Exchange is closed on an Annuity Income Date, we will determine the amount of annuity income on the next day it is open. You choose whether you want Annuity Income Dates to be monthly, quarterly, semi-annual, or annual.

**Annuity Income Unit (also "unit")** - A unit of measure used to calculate the amount of variable annuity income.

**Base Contract Expenses** - Expenses that we assess daily against the assets of each Subaccount, comprised of a Mortality and Expense Risk Charge and an Administrative Charge.

**Benchmark Rate of Return -** The return that is assumed in the calculation of each amount of variable annuity income. The Benchmark Rate of Return applies only to the variable income portion of the Contract. See ***4(c). Benchmark Rate of Return.***

**Beneficiary(ies)** - The person(s) who may receive certain benefits under this Contract when there is no longer a living Annuitant or Joint Annuitant.

**Code** - The Internal Revenue Code of 1986, as amended.

**Contract** - A Contract designed to provide you and the Joint Annuitant, (if any), with annuity income for your life (or lives) beginning with the first Annuity Income Date.

**Contract Date** - The date your Contract becomes effective. This will be stated in your Contract.

**Death Benefit** - A benefit of the Contract that provides protection if an Annuitant dies before the first Annuity Income Date.

**Funds** - The mutual fund portfolios in which the Subaccounts invest.

**Guarantee Period** - A Contract with a Guarantee Period provides annuity income through a specified date even if no Annuitant lives to the end of the Guarantee Period. If no Annuitant lives to the end of the Guarantee Period, each Beneficiary will continue to receive income for the remainder of the Guarantee Period unless he or she chooses a commuted value as a lump sum benefit instead. A Contract with a Guarantee Period will provide lower annuity income on each Annuity Income Date than an otherwise identical Contract without a Guarantee Period.

**IRA** - Refers generally to both an Individual Retirement Account and an Individual Retirement Annuity as defined in Sections 408(a) and (b), respectively, of the Code. When it is used to refer to a Qualified Contract, it means a Contract that qualifies as an Individual Retirement Annuity as defined in Section 408(b) of the Code.

**Joint Annuitant** - The Joint Annuitant, (if any), receives lifetime annuity income. However, for Qualified Contracts, all annuity income during the Annuitant's lifetime must be received only by the Annuitant. Either the Annuitant or the Joint Annuitant generally must be no older than 85 years of age on the Contract Date. For Non-qualified Contracts the Joint Annuitant may, but need not be, an Owner. For Qualified Contracts the Joint Annuitant may not be an Owner.

------

##### [**Table of Contents**](#toc)
**Net Investment Factor** - An index used to measure the investment performance of a Subaccount from one Valuation Period to the next. The Net Investment Factor can be greater or less than one. The Net Investment Factor for each Subaccount for a Valuation Period is determined by adding (a) and (b), subtracting (c) and then dividing the result by (a) where: (a) is the value of the assets at the end of the preceding Valuation Period; (b) is the investment income and capital gains, realized or unrealized, credited during the current Valuation Period; and (c) is the sum of: (1) the capital losses, realized or unrealized, charged during the current Valuation Period plus any amount charged or set aside for taxes during the current Valuation Period; PLUS (2) the deduction from the Subaccount during the current Valuation Period representing the daily charge equivalent to an effective annual rate of not more than 1%.

**Non-qualified Contract** - A Contract other than a Qualified Contract. This type of Contract may be purchased with money from any source.

**Owner(s)** - The person(s) who have certain rights under the Contract. You (the Annuitant) must be an Owner. If there is a Joint Annuitant, he or she may also be an Owner (except for a Qualified Contract, where only one Owner is permitted). The Joint Annuitant is never required to be an Owner. Only you and the Joint Annuitant, (if any), may ever be Owners.

**Portfolio** - An investment portfolio of a Fund.

**Purchase Payment** - The single payment you made to us in exchange for which we issued you a Contract.

**Qualified Contract** - A Contract that qualifies as an Individual Retirement Annuity under Section 408(b) of the Code, including an Individual Retirement Annuity that qualifies as a Roth IRA under section 408A of the Code.

**Roth IRA** - Refers generally to an IRA that qualifies as a Roth IRA under Section 408A of the Code. When it is used to refer to a Qualified Contract, it means an Individual Retirement Annuity Contract that qualifies as a Roth IRA under Section 408A of the Code.

**Subaccount** - A division of the Variable Account, the assets of which are invested in the shares of the corresponding portfolio of the Funds available in the Contract.

**Total Return** - Used to measure the investment performance of a Subaccount, after all expenses.

**Trading among Subaccounts** - Transfers of amounts among the Subaccounts.

**Valuation Period** - The period of time from the time Annuity Income Unit values are calculated to the next time such values are calculated. These calculations are made as of the close of business (normally 4:00 p.m. Eastern Time) each day the New York Stock Exchange is open for trading.

**Variable Account** - Empire Fidelity Investments Variable Annuity Account A.

**Withdrawal (Liquidity) Period** - Period of time money can be withdrawn from a Contract that was purchased with this feature. See ***6(d). Contracts purchased with a Withdrawal Period.***

**Withdrawal Value** - The total amount that can be withdrawn from a Contract that was purchased with a Withdrawal Period. The Withdrawal Value is only available for allocations to variable annuity income.

**You** - The Annuitant. The Annuitant is always an Owner.

------

##### [**Table of Contents**](#toc)
**<u>OVERVIEW OF THE CONTRACT</u>**

**What is this Contract designed to do and who could it be appropriate for?** 

This variable annuity contract is designed to provide periodic annuity income for your life (the "Annuitant"), or, if you purchased a joint life Contract, for your life and the life of the Joint Annuitant you named on the application. The Contract, like many annuities, pools the mortality experience of all Annuitants and Joint Annuitants. In effect, Annuitants and Joint Annuitants who live longer are subsidized by those who do not. This Contract may be appropriate if you desire income guaranteed for life and are comfortable assuming the risk / potential reward of the amount of each annuity income payment decreasing or increasing.

**What are the phases of the Contract and how do I receive income payments?** 

This Contract has only one phase, the Income Phase, during which the Contract makes annuity income payments at regular intervals (the "Annuity Income Dates").

When you purchased your Contract, you chose the first Annuity Income Date, which could be up to one year from the date your Contract became effective (the "Contract Date"), and whether you wanted Annuity Income Dates to be monthly, quarterly, semiannual, or annual. You also chose to allocate your Purchase Payment to all fixed annuity income, all variable annuity income, or a combination of the two. Finally, you chose an annuity income option from among a number of the annuity income options we made available. Four of these options allowed a Contract to be purchased with or without a Guarantee Period, which if selected provides for a guaranteed minimum number of years of annuity income. The other two options (only available at purchase of a Qualified Contract) include a Withdrawal Period, during which withdrawals can be taken from a Contract's Withdrawal Value. **See *5. Annuity Income Options Available at Purchase*** for more information on each Annuity Income Option.

We guarantee to provide annuity income for each Annuity Income Date for your lifetime and for the lifetime of the Joint Annuitant, if any (unless you choose to surrender the Contract, if allowed). We guarantee the amount of fixed annuity income on each Annuity Income Date, but we do not guarantee the amount of any variable annuity income. Neither do we guarantee any minimum number of Annuity Income Dates, unless you chose an option that provides such a guarantee.

The amount of variable annuity income fluctuates in amount according to the investment results of the Subaccounts that you choose. You choose to invest your Contract in one or more of the multiple Subaccounts available under the Contract. Each Subaccount invests exclusively in shares one Fund. Each Fund has its own investment strategies, investment advisers, expense ratios, and returns. Information about the Funds is provided in **Appendix A: Funds Available Under the Contract.**

**What are the other primary features of the Contract?** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Making Exchanges:** You may currently exchange amounts among the Subaccounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Death benefit:** This is a benefit that provides protection if an Annuitant dies before the first Annuity
Income Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Tax Treatment:** You can make exchanges among the Subaccounts without tax implications. The taxable portion
of annuity income payments and withdrawals will generally be taxed as ordinary income, and you may have to pay a 10% penalty on amounts received before age 59<sup>1</sup>⁄<sub>2</sub>.

------

##### [**Table of Contents**](#toc)
**<u>IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; <br> **FEES, EXPENSES, AND ADJUSTMENTS** | &nbsp;&nbsp;&nbsp; <br> **FEES, EXPENSES, AND ADJUSTMENTS** | &nbsp;&nbsp;&nbsp; <br> **FEES, EXPENSES, AND ADJUSTMENTS** | &nbsp;&nbsp;&nbsp; <br> **FEES, EXPENSES, AND ADJUSTMENTS** | &nbsp;&nbsp;&nbsp; <br> **FEES, EXPENSES, AND ADJUSTMENTS** | **Location in**<br>**Prospectus** |
| &nbsp;&nbsp;&nbsp; Are There<br> Charges or<br> Adjustments<br> for Early<br> Withdrawals? | No | No | No | No |  |
| &nbsp;&nbsp;&nbsp; Are There Transaction Charges? | No | No | No | No |  |
| &nbsp;&nbsp;&nbsp; Are There Ongoing<br>Fees and Expenses? | Yes, the table below describes the fees and expenses that you may pay *each year* , depending on the annuity income and investment options you choose. Please refer to your Contract Schedule page for information about the specific fees you will pay each year based on the options you have elected.  | Yes, the table below describes the fees and expenses that you may pay *each year* , depending on the annuity income and investment options you choose. Please refer to your Contract Schedule page for information about the specific fees you will pay each year based on the options you have elected.  | Yes, the table below describes the fees and expenses that you may pay *each year* , depending on the annuity income and investment options you choose. Please refer to your Contract Schedule page for information about the specific fees you will pay each year based on the options you have elected.  | Yes, the table below describes the fees and expenses that you may pay *each year* , depending on the annuity income and investment options you choose. Please refer to your Contract Schedule page for information about the specific fees you will pay each year based on the options you have elected.  | Fee Tables<br>8. Current<br> Charges and<br> Other Deductions<br>Appendix A: Funds Available Under the Contract |
|  | **Annual Fee** | **Minimum** | **Minimum** | **Maximum** | Fee Tables<br>8. Current<br> Charges and<br> Other Deductions<br>Appendix A: Funds Available Under the Contract |
|  | Base Contract Expenses | <br> 1.00%<sup>1</sup> | <br> 1.00%<sup>1</sup> | <br> 1.00%<sup>1</sup> | Fee Tables<br>8. Current<br> Charges and<br> Other Deductions<br>Appendix A: Funds Available Under the Contract |
|  | Subaccounts<br> (Fund fees and expenses) | <br> 0.09%<sup>2</sup> | <br> 0.09%<sup>2</sup> | <br> 3.38%<sup>2</sup> | Fee Tables<br>8. Current<br> Charges and<br> Other Deductions<br>Appendix A: Funds Available Under the Contract |
|  | <sup>1</sup> *As a percentage of the Contract allocated to the Variable Account.*<br> <sup>2</sup> *As a percentage of the net assets of each Subaccount.* | <sup>1</sup> *As a percentage of the Contract allocated to the Variable Account.*<br> <sup>2</sup> *As a percentage of the net assets of each Subaccount.* | <sup>1</sup> *As a percentage of the Contract allocated to the Variable Account.*<br> <sup>2</sup> *As a percentage of the net assets of each Subaccount.* | <sup>1</sup> *As a percentage of the Contract allocated to the Variable Account.*<br> <sup>2</sup> *As a percentage of the net assets of each Subaccount.* | Fee Tables<br>8. Current<br> Charges and<br> Other Deductions<br>Appendix A: Funds Available Under the Contract |
|  | Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay *each year* , based on current charges.  | Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay *each year* , based on current charges.  | Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay *each year* , based on current charges.  | Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay *each year* , based on current charges.  | Fee Tables<br>8. Current<br> Charges and<br> Other Deductions<br>Appendix A: Funds Available Under the Contract |
|  | **Lowest Annual Cost**<br> **$354**<sup>A</sup> | **Lowest Annual Cost**<br> **$354**<sup>A</sup> | **Highest Annual Cost**<br> **$2,808**<sup>B</sup> | **Highest Annual Cost**<br> **$2,808**<sup>B</sup> |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Assumes<br>• Investment of $100,000<br>• 5% annual appreciation<br>• Least expensive combination of Fund fees and expenses<br>• No transfers or withdrawals | &nbsp;&nbsp;&nbsp;&nbsp; Assumes<br>• Investment of $100,000<br>• 5% annual appreciation<br>• Least expensive combination of Fund fees and expenses<br>• No transfers or withdrawals | &nbsp;&nbsp;&nbsp;&nbsp; Assumes<br>• Investment of $100,000<br>• 5% annual appreciation<br>• Most expensive combination of Fund fees and expenses<br>• No transfers or withdrawals | &nbsp;&nbsp;&nbsp;&nbsp; Assumes<br>• Investment of $100,000<br>• 5% annual appreciation<br>• Most expensive combination of Fund fees and expenses<br>• No transfers or withdrawals |  |
|  | <sup>A</sup> *Assumes allocated entirely to variable annuity income, payments based on 85-year-old male, Single Life Annuity, no Guarantee Period, and 7% Benchmark Rate of Return.*<br> <sup>B</sup> *Assumes allocated entirely to variable annuity income, payments based on 45-year-old couple, Joint and Survivor Annuity with Full Annuity Income to the Survivor, 45-year Guarantee Period, and 3.5% Benchmark Rate of Return.* | <sup>A</sup> *Assumes allocated entirely to variable annuity income, payments based on 85-year-old male, Single Life Annuity, no Guarantee Period, and 7% Benchmark Rate of Return.*<br> <sup>B</sup> *Assumes allocated entirely to variable annuity income, payments based on 45-year-old couple, Joint and Survivor Annuity with Full Annuity Income to the Survivor, 45-year Guarantee Period, and 3.5% Benchmark Rate of Return.* | <sup>A</sup> *Assumes allocated entirely to variable annuity income, payments based on 85-year-old male, Single Life Annuity, no Guarantee Period, and 7% Benchmark Rate of Return.*<br> <sup>B</sup> *Assumes allocated entirely to variable annuity income, payments based on 45-year-old couple, Joint and Survivor Annuity with Full Annuity Income to the Survivor, 45-year Guarantee Period, and 3.5% Benchmark Rate of Return.* | <sup>A</sup> *Assumes allocated entirely to variable annuity income, payments based on 85-year-old male, Single Life Annuity, no Guarantee Period, and 7% Benchmark Rate of Return.*<br> <sup>B</sup> *Assumes allocated entirely to variable annuity income, payments based on 45-year-old couple, Joint and Survivor Annuity with Full Annuity Income to the Survivor, 45-year Guarantee Period, and 3.5% Benchmark Rate of Return.* |  |

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##### [**Table of Contents**](#toc)

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; <br> **RISKS** | &nbsp;&nbsp;&nbsp; <br> **RISKS** | **Location in Prospectus** |
| &nbsp;&nbsp;&nbsp; Is There a<br> Risk of Loss<br> from Poor<br> Performance? | Yes, an investor can lose money by investing in the Contract. | 1. Principal Risks of Investing in the Contract<br>2(a). EFILI and the Variable Account<br>2(b). The Funds |
| &nbsp;&nbsp;&nbsp; Is This a<br> Short-Term<br> Investment? | No, the Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. This is because the benefits of long-term income are more advantageous to investors with a long-term time horizon. Also, investors do not have any or only limited access to the amount invested in the Contract. Furthermore, the taxable portion of annuity income payments and withdrawals will generally be taxed as ordinary income and may be subject to a penalty tax if received before age 59<sup>1</sup>⁄<sub>2</sub>. | 1. Principal Risks of Investing in the Contract |
| &nbsp;&nbsp;&nbsp; What are<br> the Risks Associated<br> with the<br> Investment Options? | &nbsp;&nbsp;&nbsp;&nbsp; • An investment in the Contract is subject to the risk of poor performance of the Subaccounts.<br>• Variable annuity income will vary based on the performance of the Subaccount(s) that you select.<br>• Each Subaccount will have its own unique risks.<br>• You should review each Fund's prospectus carefully before making an investment decision.<br>| 1. Principal Risks of Investing in the Contract<br>2(a). EFILI and the Variable Account<br>2(b). The Funds<br>4. Annuity Income |
| &nbsp;&nbsp;&nbsp; What are the Risks Related to the Insurance Company? | The Contract is issued by and subject to the risks related to Empire Fidelity Investments Life Insurance Company ("EFILI", "we", or "us"). The obligations, guarantees, and benefits of the Contract are subject to EFILI's financial strength and claims-paying ability. EFILI has an A+ Financial Strength Rating from AM Best as of March 5, 2026. | 1. Principal Risks of Investing in the Contract<br>2(a). EFILI and the Variable Account |
| &nbsp;&nbsp;&nbsp; <br> **RESTRICTIONS** | &nbsp;&nbsp;&nbsp; <br> **RESTRICTIONS** | **Location in Prospectus** |
| &nbsp;&nbsp;&nbsp; Are There Restrictions on the Investment Options? | &nbsp;&nbsp;&nbsp;&nbsp; Yes, the following restrictions may apply:<br>• Additional Purchase Payments are not allowed.<br>• Your Contract's allocation between variable annuity income and fixed annuity income that you selected at purchase cannot be changed.<br>• Contract Owners who engage in frequent trading may be subject to temporary or permanent restrictions on future purchases or exchanges in a Fund.<br>• We have the right to eliminate any Subaccount, to combine two or more Subaccounts, or to substitute a new fund for the Fund in which a Subaccount invests.<br>| 3. Purchase Payment<br>7. Trading Among Subaccounts<br>11(a). Changes in Subaccounts |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; <br> **RESTRICTIONS** | &nbsp;&nbsp;&nbsp; <br> **RESTRICTIONS** | **Location in Prospectus** |
| &nbsp;&nbsp;&nbsp; Are There Any Restrictions on Contract Benefits? | Yes, important conditions and limitations apply to Contracts purchased with a Withdrawal Period, including: withdrawals reduce the amount of variable annuity income and may cause the Withdrawal Period to shorten or end. | 6. Benefits Available Under the Contract |
| &nbsp;&nbsp;&nbsp; <br> **TAXES** | &nbsp;&nbsp;&nbsp; <br> **TAXES** | **Location in Prospectus** |
| &nbsp;&nbsp;&nbsp; What Are the Contract's Tax Implications? | &nbsp;&nbsp;&nbsp;&nbsp; • Consult with a tax professional to determine the tax implications of an investment in and payments received under this Contract.<br>• For a Qualified Contract purchased with a contribution transferred from an IRA or rolled over from a qualified plan, you do not get any additional tax benefit from this Contract.<br>• For a Qualified Contract, the entire amount of annuity income each year will generally be taxable as ordinary income unless your Purchase Payment included after-tax contributions.<br>• For a Non-qualified Contract, a portion of the annuity income each year will generally be taxable as ordinary income until you have recovered the "investment in the Contract," after which the entire amount of annuity income will be taxable.<br>• The taxable portion of a withdrawal will generally be taxed as ordinary income. A penalty tax equal to 10% of the amount treated as taxable income may be imposed on amounts received before age 59<sup>1</sup>⁄<sub>2</sub>.<br>| 1. Principal Risks of Investing in the Contract<br>3. Purchase Payment<br>9. Tax Considerations |
| &nbsp;&nbsp;&nbsp; <br> **CONFLICTS OF INTEREST** | &nbsp;&nbsp;&nbsp; <br> **CONFLICTS OF INTEREST** | **Location in Prospectus** |
| &nbsp;&nbsp;&nbsp; How Are Investment Professionals Compensated? | Your investment professional may receive compensation in the form of commissions for having sold this Contract to you. This financial incentive may have influenced your investment professional to recommend this Contract over another investment. | 2(b). The Funds<br>2(c). Selling the Contracts |
| &nbsp;&nbsp;&nbsp; Should I Exchange My Contract? | Your investment professional may have a financial incentive to offer you a new contract in place of the one you own. You should only exchange your contract if you determine, after comparing the features, fees, and risks of both contracts, and any fees or penalties to terminate the existing contract, that it is better for you to purchase the new contract rather than continue to own your existing contract. | *"Replacement of Contracts"* under<br> 3. Purchase Payment |

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**<u>FEE TABLES</u>**

**The following tables describe the fees and expenses that you will pay while you own the Contract. Please refer to your Contract schedule page for information about the specific fees you will pay each year based on the options you have elected.** 

**The first table describes the fees and expenses that you will pay at the time that you buy the Contract or transfer Contract Value between Subaccounts. State premium taxes may also be deducted.** 

&nbsp;&nbsp;&nbsp;**Transaction Expenses**

**The next table describes the fees and expenses that you will pay *each year* during the time that you own the Contract (not including Fund fees and expenses).** 

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Annual Contract Expenses** | **Maximum Charge** |
| &nbsp;&nbsp;&nbsp; **Base Contract Expenses**<sup>1</sup><br> *(As a percentage of the assets of each Subaccount)* | 1.00% |

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|:---|:---|
| <sup>1</sup> | *Base Contract Expenses is the total of two separate charges, a Mortality and Expense Risk Charge and an Administrative Charge. You may also see Base Contract Expenses referred to as "Separate Account Annual Expenses".*  |

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**The next item shows the minimum and maximum total operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract. Expenses shown may change over time and may be higher or lower in the future. A complete list of Funds available under the Contract, including their annual expenses, may be found at the back of this document.** 

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Annual Portfolio Company Expenses** | **Minimum** | **Maximum** |
| &nbsp;&nbsp;&nbsp;(expenses that are deducted from Fund assets,<br>including management fees, distribution and/or service (12b-1) fees, and other expenses) | <br> 0.09% | <br> 3.38% |
| &nbsp;&nbsp;&nbsp;(expenses that are deducted from Fund assets,<br>including management fees, distribution and/or service (12b-1) fees, and other expenses after any waivers or expense reimbursements) | <br> 0.09% | <br> 3.19%<sup>2</sup> |

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<sup>2</sup> *This reflects temporary reductions to Fund expenses.* 

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**<u>1.</u> <u>PRINCIPAL RISKS OF INVESTING IN THE CONTRACT</u>** 

***Risk of Loss:*** All variable income under the Contract will increase or decrease from one Annuity Date to the next according to the investment results of the Subaccounts in which you are invested. Variable annuity income will end in the unlikely event that the value of every security held in the Subaccounts in which you are invested is reduced to zero. There is a risk of loss of the entire amount invested. We do not guarantee the investment results of the Subaccounts or the amount of variable annuity income. You bear the investment risk. You should review each Fund's prospectus carefully before making an investment decision.

***Not A Short-Term Investment:*** The Contract is not suitable as a short-term investment and is not appropriate for an investor who needs ready access to cash. This is because the benefits of long-term income are more advantageous to investors with a long-term time horizon. Also, investors do not have any or only limited access to the amount invested in the Contract.

***Possibility of Adverse Tax Consequences:*** In certain scenarios, annuity income payments and withdrawals may be subject to a 10% penalty tax. **See *9. Tax Considerations*.** Consult with a tax professional to determine the tax implications of amounts received under this Contract.

***Alternatives to the Contract:*** Other contracts or investments may provide more favorable returns or benefits, as well as lower costs, than the Contract.

***Potential Harmful Fund Transfer Activit***y***:*** Frequent exchanges among Subaccounts by Owner(s) can reduce the long-term returns of the Funds. The reduced returns could adversely affect the Owners, Annuitants, Insureds or Beneficiaries of any variable annuity or variable life insurance contract issued by any insurance company with respect to values allocated to the Fund. Frequent Exchanges may reduce a Fund's performance by increasing costs paid by the Fund (such as brokerage commissions); they can disrupt portfolio management strategies; and they can have the effect of diluting the value of the shares of long-term shareholders in cases in which fluctuations in markets are not fully priced into the Fund's net asset value. EFILI has adopted policies designed to discourage frequent trading. **See *7. Trading Among Subaccounts*** for more information.

***Insurance Company Risks:*** The Contract is issued by Empire Fidelity Investments Life Insurance Company. The obligations, guarantees, and benefits of the Contract are subject to EFILI's claims-paying ability. If EFILI experiences financial distress, it may not be able to honor its annuity income obligations under the Contract.

***Contract Changes Risk:*** There is the risk that in the future we will exercise our right to change certain fees or features of the Contract, including the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We reserve the right to limit exchanges.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We have the right to eliminate Subaccounts, to combine two or more Subaccounts, or to substitute a new Fund for
the Fund in which a Subaccount invests.

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**<u>2.</u> <u>EFILI, THE VARIABLE ACCOUNT, THE FUNDS, AND THE DISTRIBUTORS</u>** 

**<u>2(a).</u> <u>EFILI and the Variable Account</u>** 

***EFILI:*** The Contract is issued by EFILI. The obligations, guarantees, and benefits of the Contract are subject to EFILI's claims-paying ability. The Death Benefit and lifetime annuity income payments made under the Contract are subject to our claims-paying ability and financial strength. We issue other annuity contracts and life insurance policies as well, and certain benefits and obligations under these products are also subject to our claims-paying ability and financial strength. We have an A+ Financial Strength Rating from AM Best as of March 5, 2026.<sup>1</sup> EFILI's principal executive offices are located at 640 Fifth Avenue, New York, New York 10019. The address for our Annuity Service Center is P.O. Box 770001, Cincinnati, Ohio 45277-0051.

***The Variable Account:*** Empire Fidelity Investments Variable Annuity Account A is a separate account used to support the Contract and other forms of variable annuity contracts issued by EFILI, and for other purposes permitted by law. We are the legal owner of the assets of the Variable Account. However, income, gains, and losses credited to, or charged against, the Variable Account reflect the Variable Account's own investment experience and not the investment experience of any of our other assets. The assets of the Variable Account may not be used to pay any of our liabilities other than those arising from the Contracts. The assets in the Variable Account will always be at least equal to the reserves and other liabilities of the Variable Account. If the assets exceed the required reserves and other liabilities, we may transfer the excess to our general account. We are obligated to pay all amounts promised to investors under the Contracts.

***Financial Statements:*** EFILI's financial statements and the financial statements of the Variable Account appear in the Statement of Additional Information.

<sup>1</sup> *Financial strength ratings are opinions from independent rating agencies of an insurer's financial strength and ability to pay its insurance policies and contract obligations. They are not recommendations to purchase, hold or terminate any insurance policy or contract issued by an insurer, nor do they address the suitability of any particular policy or contract for a specific purpose or purchaser. AM Best Ratings range from A++ to F and are subject to change.* 

**<u>2(b).</u> <u>The Funds</u>** 

Each Subaccount in the Variable Account invests exclusively in a single Fund. Each Fund is part of a trust that is registered with the SEC as an open-end management investment company under the Investment Company Act of 1940 ("1940 Act"). This registration does not involve supervision of the management or investment practices or policies of the Funds by the SEC. Each Fund's assets are held separate from the assets of the other Funds, and each Fund has investment objectives and policies that are different from those of the other Funds. Thus, each Fund operates as a separate investment fund, and the income and losses of one Fund have no effect on the investment performance of any other Fund. In addition, the names and investment objectives of the Funds may be similar to those of other funds available through the same investment adviser; however, the performance of such funds may differ significantly.

EFILI or its insurance agency affiliate receives annual compensation of up to 0.45% of assets allocated to the Funds, for customer service, distribution and recordkeeping services with respect to those assets. This compensation is received from the Funds' advisors or their affiliates. These payments are not Contract charges, and do not increase Fund or Contract charges.

Investments by the Subaccounts in securities of foreign issuers may result in a foreign investment tax credit which we will claim on our federal income tax filings.

***Where to Find More Information on the Funds:*** Information regarding each Fund including its name, investment objective, investment advisers and any subadvisers, current expenses, and performance is available in

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***Appendix A: Funds Available Under the Contract***. In addition, each Fund has issued a prospectus that contains more detailed information about the Fund. Investors may obtain paper or electronic copies of a Fund prospectus online at www.dfinview.com/Fidelity/PUFT/EFIA or by calling 1-800-544-2442.

**<u>2(c).</u> <u>Selling the Contracts</u>** 

Fidelity Brokerage Services LLC ("FBS") and Fidelity Insurance Agency, Inc. ("FIA") distribute the Contracts. FBS is the principal underwriter. Both FBS and FIA are affiliates of us and subsidiaries of FMR LLC, our parent company. Fidelity Distributors Company LLC ("FDC") is the distributor of the Fidelity family of funds. The principal business address of FBS and FDC is 900 Salem Street, Smithfield, Rhode Island 02917.

Fidelity Insurance Agency, Inc. receives compensation from EFILI of not more than 3% of the Purchase Payments for marketing and distribution. Amounts paid by EFILI to Fidelity Insurance Agency, Inc. will be paid out of the general assets of EFILI, which may include proceeds derived from mortality and expense risk charges EFILI deducts from the Variable Account.

**<u>2(d).</u> <u>Legal Proceedings</u>** 

Neither the Registrant, the Registrant's principal underwriter nor the Depositor is a party to any material pending legal proceedings.

**<u>3.</u> <u>PURCHASE PAYMENT</u>** 

Currently, we do not offer this Contract for sale to new investors. Additional Purchase Payments are not allowed for existing Contracts.

***Application and Initial Purchase Payment:*** You purchased your Contract (1) on a non-qualified basis ("Non-qualified Contract"), or (2) on a qualified basis ("Qualified Contract") as an Individual Retirement Annuity ("IRA") with a contribution transferred from an IRA or rolled-over from a qualified plan such as a 401(a) or a 401(k) plan, a 403(b) plan, a governmental 457(b) plan, or an IRA. An Individual Retirement Annuity that is a Roth IRA could be purchased only with a contribution rolled over from another Roth IRA.

To purchase a Contract, you were generally required to make a single payment ("Purchase Payment") of at least $25,000 and complete an application form.

We applied your Purchase Payment to the purchase of a Contract within two Valuation Periods of receiving your payment and completed application form in good order at our Annuity Service Center. The date your Contract became effective is called the Contract Date.

***Replacement of Contracts:*** You can generally exchange a Non-qualified annuity contract for another in a "tax-free exchange" under Section 1035 of the Internal Revenue Code or transfer a Qualified annuity contract directly to another life insurance company as a "trustee-to-trustee transfer". Before making an exchange or transfer, you should compare both annuities carefully. Remember that if you exchange or transfer one annuity for another annuity, then you may pay a surrender charge on your existing annuity, charges may be higher (or lower), and the benefits may be less (or more) advantageous. You should not exchange or transfer one annuity for another unless you determine, after knowing all the facts, that the exchange or transfer is in your best interest and not just better for the person trying to sell you the new annuity contract (that person will generally be compensated if you buy the contract through an exchange, transfer or otherwise).

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**<u>4.</u> <u>ANNUITY INCOME</u>** 

**<u>4(a).</u> <u>Annuity Income Dates</u>** 

We calculate the amount of your annuity income on each Annuity Income Date. You selected the first Annuity Income Date when you purchased the Contract. The first Annuity Income Date was permitted to be either the first or the fifteenth day of a month. All subsequent Annuity Income Dates are on the same day of the month as the first Annuity Income Date. The latest date you were allowed to select as your first Annuity Income Date was one year after the Contract Date. The earliest date you were allowed to select as your first Annuity Income Date was 30 days after the Contract Date.

On the application, you chose the frequency of your annuity income as either monthly, quarterly, semi-annual, or annual.

If an Annuity Income Date falls on a day that is not the last day of a Valuation Period, the amount of annuity income will be determined based on the value of your selected Subaccounts at the close of the Valuation Period. Annuity income will generally be sent at the end of the Valuation Period immediately following the day on which the amount is determined. If you elect to receive your annuity income payment by direct deposit, you will usually receive your income sooner than if we send it to you through the mail.

**<u>4(b).</u> <u>Fixed, Variable or Combination Annuity Income</u>** 

At the time of purchase, you allocated your Purchase Payment between fixed and variable annuity income. You chose all fixed annuity income, all variable annuity income, or a combination of the two.

***Fixed Annuity Income:*** Any portion of your Purchase Payment allocated to fixed annuity income will always remain allocated to fixed annuity income. If you allocated all of your Purchase Payment to fixed annuity income, EFILI guarantees a specific amount of fixed annuity income that is the same on each Annuity Income Date, except as described for Options III and IV under **5(b)** below.

We will determine the amount of fixed annuity income based on the annuity income purchase rate in effect. Factors influencing the purchase rate include (a) your age and sex (and the age and sex of the Joint Annuitant, if any); (b) the type of annuity income option you chose; (c) the frequency of Annuity Income Dates you chose and (d) the first Annuity Income Date you chose.

The fixed annuity income is determined by applying the applicable annuity income purchase rate to the Purchase Payment allocated to fixed annuity income.

***Variable Annuity Income:*** Any portion of your Purchase Payment allocated to variable annuity income will always remain allocated to variable annuity income, but you can reallocate the variable portion of your Contract among the various Subaccounts.

If you chose all variable annuity income, all of your annuity income will vary according to the investment experience of the Subaccounts. Variable annuity income may decrease upon the death of the Annuitant or Joint Annuitant, as described for Options III and IV under **5(b)** below.

Any portion of your Purchase Payment allocated to variable annuity income initially purchased Free Look Units. EFILI determined the number of Free Look Units based upon (a) your age and sex (and the age and sex of the Joint Annuitant, if any); (b) the type of annuity income option you chose; (c) the frequency of Annuity Income Dates you chose; (d) the first Annuity Income Date you chose; (e) the Benchmark Rate of Return you chose; and (f) the value of the Free Look Units on the Contract Date. The value of the Free Look Units reflected the investment performance of the Government Money Market Subaccount.

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Approximately 10 calendar days after you received your Contract, EFILI exchanged Free Look Units for Annuity Income Units in the Subaccounts you selected. The total dollar value of the Annuity Income Units was the same as the Free Look Units that were exchanged. The number of Annuity Income Units allocated to each Subaccount under a single life Contract does not change unless you reallocate among the Subaccounts. If you chose a joint life Contract and benefits are reduced due to your death or the death of the Joint Annuitant, the number of Annuity Units will be reduced at that time.

EFILI calculates the amount of your variable annuity income based on the number of Annuity Income Units credited to each Subaccount. At the close of business on each Annuity Income Date (or on the next Valuation Date if the Annuity Income Date falls on a non-business day), the number of Annuity Income Units is multiplied by the value of the Annuity Income Units for each Subaccount. The amount of variable annuity income on the Annuity Income Date is the sum of annuity income amounts for each Subaccount.

***Combination of Fixed and Variable Annuity Income:*** If you chose a combination of fixed and variable annuity income, a portion of your annuity income will be fixed and a portion will vary according to the investment experience of the Subaccounts. We guarantee the dollar amount of the fixed annuity income portion on each Annuity Income Date. Both fixed and variable annuity income decreases upon the death of the Annuitant or Joint Annuitant as described for Options III and IV under **5(b)** below.

**<u>4(c).</u> <u>Benchmark Rate of Return</u>** 

The Benchmark Rate of Return applies only to the variable income portion of the Contract. Annuity income varies from one Annuity Income Date to the next based on your Contract's annualized Total Return over that time period as compared to the Benchmark Rate of Return you chose when you purchased your Contract. If you do not make any withdrawals from one Annuity Income Date to the next, then annuity income will (a) increase if the annualized Total Return for your Contract is greater than the Benchmark Rate of Return, and (b) decrease if the annualized Total Return for your Contract is less than the Benchmark Rate of Return.

**<u>5.</u> <u>ANNUITY INCOME OPTIONS AVAILABLE AT PURCHASE</u>** 

**<u>5(a).</u> <u>Your Selection of an Annuity Income Option</u>** 

On your application you chose your annuity income option from among a number of annuity income options. You also may have chosen to have either a Withdrawal Period or a Guarantee Period, but not both. (A Withdrawal Period was only available to Qualified Contracts). For any income option, you also chose to receive annuity income monthly, quarterly, semi-annually, or annually. None of these choices can be changed. If you purchased a Qualified Contract, federal income tax laws may have limited your annuity income options.

The frequency of payments you selected impacted the amount of each annuity income payment. For example, assuming all else is equal, choosing to receive payments on a monthly basis would have resulted in lower annuity income payment amounts than choosing to receive payments on an annual basis. Similarly, an election to receive payments over a longer expected period would have resulted in lower payment amounts than an election to receive payments over a shorter expected period. For example, assuming all else is equal:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• purchasing a Contract with a Guarantee Period would have resulted in lower payment amounts than purchasing the
same Contract without a Guarantee Period, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• purchasing a Qualified Contract with a Withdrawal Period would have resulted in lower payment amounts than
purchasing the same Qualified Contract without a Withdrawal Period.

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**<u>5(b).</u> <u>Annuity Income Options without a Withdrawal Period</u>** 

**I. *Single Life Annuity.*** We will provide annuity income for your entire life, no matter how long that may be. Annuity income stops when you are no longer living, unless your Contract contains a Guarantee Period and the

Guarantee Period has not ended. It is possible that your total annuity income under this option will be less than your Purchase Payment. It is even possible that you might receive annuity income only once under this option. This would happen if you were to die before the second Annuity Income Date. Because of this risk, this option offers you the highest level of annuity income. The Contract, like many annuities, pools the mortality experience of all Annuitants and Joint Annuitants. In effect, Annuitants and Joint Annuitants who live longer are subsidized by those who do not.

**II. *Joint and Survivor Annuity With Full Annuity Income to the Survivor.*** Under this option, we will provide annuity income jointly to you and the Joint Annuitant while you are both living, except that for a Qualified Contract during your lifetime we provide the income only to you. After the death of either of you, we will continue to provide the full amount of annuity income to the survivor. Annuity income stops when both you and the Joint Annuitant are no longer living, unless your Contract contains a Guarantee Period and the Guarantee Period has not ended. As in the case of the single life annuity described above, there is the risk that you may receive annuity income only once.

**III. *Joint and Survivor Annuity With Reduced Annuity Income to the Survivor.*** This option is like Option II above, except that annuity income is higher while both you and the Joint Annuitant are living, and lower when only one of you is still living. Depending on what you selected on your application, annuity income to the survivor is reduced to two-thirds or one-half of the amount that it would have been were you both still alive.

**IV. *Joint and Survivor Annuity With Full Annuity Income to the Annuitant if the Joint Annuitant Dies, But Reduced Annuity Income to the Joint Annuitant if the Annuitant Dies.*** This option is like Option III above, but annuity income is not reduced upon the death of the Joint Annuitant if the Joint Annuitant is the first to die. In the event you are the first to die, depending on what you selected on your application annuity income to the Joint Annuitant is reduced to two-thirds or one-half of the amount that it would have been were you both still alive. While you and the Joint Annuitant are both still alive, this option provides greater annuity income than Option II but not as much annuity income as Option III.

For Options II, III and IV, if either you or the Joint Annuitant die before the first Annuity Income Date, we will adjust the annuity income so that it equals what would have been paid under a single life annuity issued to the survivor. This will generally result in greater annuity income.

**<u>5(c).</u> <u>Annuity Income Options including a Withdrawal Period</u>** 

If you have a Qualified Contract and allocated a portion or all of your Purchase Payment to the Variable Account, you had the opportunity to elect one of the two below withdrawal options. Withdrawals are not available for any allocations to fixed income.

**V. *Single Life Annuity with Withdrawal Period.*** We will provide annuity income, beginning with the first Annuity Income Date, for as long as you live unless you surrender your Contract. If you die on or after the first Annuity Income Date and before the end of the Withdrawal Period, we will provide any remaining annuity income to the Beneficiary(ies) according to the terms of the Contract.

**VI. *Joint and Survivor with Full Annuity Income to the Survivor with Withdrawal Period.*** Assuming you do not surrender your Contract or make withdrawals, we will provide full annuity income, beginning with the first Annuity Income Date, while either you or the Joint Annuitant is still living.

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If either you or the Joint Annuitant dies before the first Annuity Income Date, we will adjust the annuity income so that it equals what would have been paid under a single life annuity with a withdrawal option. If the person who dies (you or the Joint Annuitant) is an Owner and the survivor is not the deceased Owner's spouse, we will adjust the Withdrawal Period, as required by law, so that it is not longer than the life expectancy of the survivor. This may result in a shorter Withdrawal Period and a higher amount of annuity income. For any allocations to fixed income, similar adjustments will be made to the Guarantee Period, if any.

If you and the Joint Annuitant both die on or after the first Annuity Income Date and before the end of the Withdrawal Period, we will provide any remaining annuity income or Withdrawal Value to the Beneficiary(ies) according to the terms of the Contract.

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**<u>6.</u> <u>BENEFITS AVAILABLE UNDER THE CONTRACT</u>** 

**<u>6(a).</u> <u>Overview of Benefits</u>** 

The following table summarizes information about benefits available under the Contract. A detailed description of each benefit follows the tables.

**Benefits** 

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|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Name of**<br> **Benefit** | **Type of<br>Benefit** | <br> **Purpose** | **Maximum<br>Fee** | **Brief Description of<br>Restrictions/Limitations** |
| &nbsp;&nbsp;&nbsp;Death Benefit | Standard | Provides protection if the Annuitant or Joint Annuitant dies before the first Annuity Income Date. |  | Not applicable when death occurs on or after first Annuity Income Date. |
| &nbsp;&nbsp;&nbsp;Guarantee Period | Optional | Provides annuity income through a specified date even if neither the Annuitant nor the Joint Annuitant lives to the end of the Guarantee Period. |  | Only available at purchase of a Contract.<br>A Contract with a Guarantee Period cannot also have a Withdrawal Period.<br>Provides lower annuity income than an otherwise identical Contract without a Guarantee Period.<br>Length of Guarantee Period may be limited by the Code. |
| &nbsp;&nbsp;&nbsp;Withdrawal Period | Optional | A period of time you can make withdrawals from your Contract. |  | Only available at purchase of a Qualified Contract that provides variable annuity income.<br>A Contract with a Withdrawal Period cannot also have a Guarantee Period.<br>Withdrawals reduce the amount of variable annuity income and may cause the Withdrawal Period to shorten or end.<br>Partial withdrawals are limited to 2 per calendar year. Any partial withdrawal must be at least $500.<br>Provides lower annuity income than an otherwise identical Contract without a Withdrawal Period. |

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**<u>6(b)</u>. <u>Death Benefit</u>** 

If no Annuitant or Joint Annuitant is alive on the first Annuity Income Date, the Contract will be canceled and we will make a refund equal to your Purchase Payment to your Beneficiary or Beneficiaries.

If your Contract is a joint and survivor annuity and either you or the Joint Annuitant dies before the first Annuity Income Date, we will adjust the annuity income so that it equals what would have been paid under a single life annuity issued to the survivor. This will usually result in greater annuity income.

**<u>6(c).</u> <u>Contracts Purchased with a Guarantee Period</u>** 

***Overview:*** If you selected annuity income options I, II, III, or IV on your application, at that time you also had the option to choose to have a Guarantee Period. You were able to choose a number of years from five (5) to forty-five (45). If you chose an income option with a Withdrawal Period, you could not also choose a Guarantee Period. For Contracts purchased with a Guarantee Period, if neither you nor the Joint Annuitant lives to the end of the Guarantee Period, any remaining annuity income will be paid to your Beneficiary or Beneficiaries. For Options III and IV above, if you and the Joint Annuitant die at the same time, the annuity income due to any Beneficiary will be the same as if you died before the Joint Annuitant. A Contract with a Guarantee Period provides lower annuity income than an otherwise identical Contract without a Guarantee Period.

If (a) you chose Option II, III or IV with a Guarantee Period, and (b) an Owner dies before the first Annuity Income Date, and (c) the survivor (whether it is you or the Joint Annuitant) is not the deceased Owner's spouse, we will adjust the Guarantee Period, as required by the federal income tax laws, so that it is not longer than the life expectancy of the survivor. This may result in a shorter Guarantee Period and a generally higher amount of annuity income.

***Annuity Income to Beneficiary:*** If a Beneficiary is entitled to annuity income, the Beneficiary may choose (a) to continue receiving annuity income on each remaining Annuity Income Date, or (b) to receive a lump sum instead. The Beneficiary must notify us within 60 days of the date we receive notice of the relevant death to elect a lump sum. Otherwise, the Beneficiary will receive annuity income for the remaining guaranteed Annuity Income Dates.

***Lump Sum Payment:*** A lump sum will become due under a Contract if there are guaranteed Annuity Income Dates remaining and either: (a) a Beneficiary elects a lump sum on the death of the last survivor of you and the Joint Annuitant, (if any), (b) a Beneficiary receiving guaranteed annuity income dies, or (c) the last survivor of you and the Joint Annuitant (if any) dies and the Beneficiary is no longer living. For (b), the lump sum will be paid to the Beneficiary's estate. For (c), it will go to the estate of the last to die of you and the Joint Annuitant (if any).

Any lump sum attributable to the fixed annuity portion of a Contract will generally be the present value of the annuity income for the remaining guaranteed Annuity Income Dates, discounted at a rate equal to the rate used to determine annuity income payments.

Any lump sum attributable to the variable annuity income portion of a Contract will generally be the present value of the annuity income for the remaining guaranteed Annuity Income Dates, based on interest compounded annually at the Benchmark Rate of Return that EFILI used in determining the annuity income on the first Annuity Income Date.

If EFILI believes that the first annuity income amount due to any Beneficiary will be less than $50, EFILI may instead provide a lump sum for the value of all remaining annuity income. The amount of the lump sum will be determined on the same basis as described above for other lump sums.

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**<u>6(d)</u>. <u>Contracts Purchased with a Withdrawal Period</u>** 

If you purchased a Qualified Contract with a Withdrawal Period, you can withdraw amounts from the variable portion of your Contract by writing to our Annuity Service Center. **See *How to Make Withdrawals* below*.***

Note – a Withdrawal Period was only available at purchase of a Qualified Contract and only if you allocated a portion or all of your Purchase Payment to variable annuity income.

If you chose a Withdrawal Period, the amount you can withdraw will depend on when you make the withdrawal, how much of your Purchase Payment you allocated to variable annuity income and the investment experience of your Contract. **See *Withdrawal Value* below*.***

The length of time you can make withdrawals is called the Withdrawal Period or Liquidity Period. **See *Withdrawal (Liquidity) Period* below**.

Certain withdrawals will have the effect of ending your Contract, i.e. you will receive no more annuity income. Other withdrawals may shorten the Withdrawal Period. All withdrawals will reduce the amount of variable annuity income. **See *Effect of Withdrawals* below*.***

***How to Make Withdrawals:*** All requests for withdrawals must be in writing to our Annuity Service Center. You may request to withdraw all of the Withdrawal Value (full withdrawal) or a portion of the Withdrawal Value (partial withdrawal). You may not make more than one withdrawal in any Valuation Period. You may not make more than two partial withdrawals each calendar year. Any partial withdrawal must be for at least $500. You may not make any partial withdrawal that would reduce your variable annuity income below $1,200 per year at the time of the withdrawal.

EFILI reserves the right to restrict your Contract from withdrawals and/or exchanges if there is reasonable suspicion of fraud, diminished capacity, or inappropriate activity. EFILI also reserves the right to restrict your Contract from withdrawals and/or exchanges if EFILI is put on reasonable notice that the ownership of the Contract is in dispute.

***Withdrawal Value:*** The Withdrawal Value changes each Valuation Period. What follows is an overview of how we determine the Withdrawal Value for each Valuation Period. For a complete description of how the Withdrawal Value is calculated, See Withdrawal Value in the Statement of Additional Information.

The Withdrawal Value for a Valuation Period is the sum of two amounts, which we call Part A and Part B. On the day we issued your Contract, the total of Part A and Part B equaled your Purchase Payment less any federal, state or local taxes we deducted from your Purchase Payment. The amount you can withdraw from your Contract decreases over time, eventually becoming zero.

Part A is based on the portion of your Purchase Payment that provides variable annuity income during the Withdrawal Period. Part B is based on the portion of your Purchase Payment that provides variable annuity income after the Withdrawal Period.

Part A changes (up or down) each Valuation Period based on the investment experience of your Contract. Also, each withdrawal and each annuity income payment reduces the value of Part A. Part A becomes zero at the end of the Withdrawal Period and remains zero thereafter.

Part B also changes (up or down) each Valuation Period based on the investment experience of your Contract. Withdrawals (but not annuity income payments) also reduce the value of Part B. Beginning one year after your first Annuity Income Date, Part B reflects a percentage which declines each day. The percentage declines at a rate of 25% per year, so five years after your first Annuity Income Date Part B becomes zero and remains zero thereafter.

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The reductions in the values of Part A and Part B resulting from a withdrawal are in proportion to their values just before the withdrawal.

***Withdrawal (Liquidity) Period***: When you purchased your Contract we set the Withdrawal Period to be equal to the life expectancy of the Annuitant or Annuitants. Life expectancy is determined to be a period not in excess of that permitted by the Internal Revenue Service. It is always expressed in whole numbers.

If no withdrawals are made from your Contract, then you or your Beneficiaries will receive variable annuity income for the entire length of the Withdrawal Period. In this respect the Withdrawal Period works like a Guarantee Period, i.e., variable annuity income would be guaranteed to last for (1) the life or lives of the Annuitant(s) or (2) the Withdrawal Period, whichever is longer. However, if you make withdrawals, the Withdrawal Period may shorten or end, as described below.

If all the Annuitants die before the end of the Withdrawal Period, each Beneficiary may choose (a) to continue receiving annuity income on each remaining Annuity Income Date, or (b) to receive a lump sum instead. The Beneficiary must notify us within 60 days of the date we receive notice of the relevant death to elect a lump sum. Otherwise, the Beneficiary will receive annuity income for the remaining Annuity Income Dates in the Withdrawal Period.

***Effect of Withdrawals***: Withdrawals made within five years of the first annuity income date will have different consequences from withdrawals made after the first five years. Full withdrawals will have different consequences from partial withdrawals.

YOU SHOULD THINK MORE CAREFULLY ABOUT MAKING A WITHDRAWAL THE CLOSER YOU ARE TO THE FIFTH ANNIVERSARY OF YOUR FIRST ANNUITY INCOME DATE. IN MANY CIRCUMSTANCES YOU WILL BE BETTER OFF WAITING UNTIL AFTER THAT DATE TO MAKE A WITHDRAWAL. For example, if you buy a Contract that provides only variable income, withdrawals made after the end of the fifth year of annuity income would reduce your annuity income but would not cause your annuity income to end. In the same Contract, making a full withdrawal before the end of the fifth year would result in the loss of all future annuity income and your Contract would end. See the descriptions below to understand how withdrawals made during your first five years of annuity income may have different effects from withdrawals made later.

***•***  ***Full Withdrawals During First Five Years*** 

If all of your Purchase Payment is allocated to variable annuity income and you withdraw all of the Withdrawal Value on or before the fifth anniversary of your Contract's first Annuity Income Date, your Contract will end and you will not receive any more annuity income.

If your Purchase Payment is allocated part to variable annuity income and part to fixed annuity income, and you withdraw all of the Withdrawal Value on or before the fifth anniversary of your Contract's first Annuity Income Date, you will not receive any more variable annuity income. Fixed annuity income will continue in accordance with the income option you selected.

***•***  ***Partial Withdrawals During First Five Years*** 

If you withdraw part of the Withdrawal Value on or before the fifth anniversary of your Contract's first Annuity Income Date, then the amount withdrawn will be subtracted from the Withdrawal Value and all remaining variable annuity income will be reduced, in the same ratio that the amount withdrawn bears to the Withdrawal Value. A partial withdrawal during the first five years will have no impact on the length of the remainder of the Withdrawal Period. **See *Appendix B*** for a hypothetical example.

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***•***  ***Full Withdrawals After First Five Years*** 

If you withdraw all of the Withdrawal Value after the fifth anniversary of your Contract's first Annuity Income Date, you will no longer have a Withdrawal Value, the Withdrawal Period will end, and all remaining variable annuity income will be reduced.

***•***  ***Partial Withdrawals After First Five Years*** 

If you withdraw part of the Withdrawal Value after the fifth anniversary of your Contract's first Annuity Income Date, the amount withdrawn will be subtracted from the Withdrawal Value, all remaining variable annuity income will be reduced, and the Withdrawal Period will be reduced.

The Company will allocate partial withdrawals to the Subaccounts in which the Contract is then invested in the same proportion as the value in each Subaccount bears to the Withdrawal Value on the date of the partial withdrawal.

For both full and partial withdrawals made after the first five years, the value of the reduced variable annuity income plus the amount of the withdrawal will be equivalent to the value of the variable annuity income just prior to the withdrawal. The Company will determine equivalence using modified insurance industry mortality tables. **See *Appendix B*** for hypothetical examples.

**<u>7.</u> <u>TRADING AMONG SUBACCOUNTS</u>** 

**<u>7(a).</u> <u>Overview</u>** 

After annuity payments begin you may currently exchange amounts among the Subaccounts without charge. However, excessive exchange activity can disrupt Fund management strategy and increase Fund expenses, which are borne by everyone participating in the Fund regardless of their exchange activity. Therefore, we may limit the number of exchanges permitted, but not to fewer than twelve per calendar year. We may also require you to submit your exchange instructions by mail. Contracts without a liquidity feature may have different exchange provisions and trade minimums. Please refer to your Contract.

You tell us the percentage you want for your new allocation in each Subaccount. Your allocation percentages must be in whole numbers, not fractions. You may change the allocations among the Subaccounts by writing or telephoning the Annuity Service Center or on our Internet website. We will not accept exchange requests via fax or electronic mail.

Important - The amount of the allocation in each Subaccount will change with its investment performance. You should periodically review the allocations in light of market conditions and financial objectives.

**<u>7(b).</u> <u>Making Exchanges by Telephone or Internet</u>** 

EFILI reserves the right to change telephone or Internet exchange provisions, or to eliminate them, and to limit or reject any telephone or Internet exchange at any time.

We will not be responsible for any losses resulting from unauthorized telephone or Internet exchanges if we follow reasonable procedures designed to verify the identity of the caller or Internet user. We may record calls. You should verify the accuracy of your confirmation statements immediately after you receive them and notify the Annuity Service Center promptly of any discrepancies as we will not be responsible for resulting losses due to unit value changes after 10 calendar days from the mailing of the report.

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**<u>7(c).</u> <u>Effective Date of Exchanges Among Subaccounts</u>** 

When you exchange among the Subaccounts, we will redeem shares of the appropriate Portfolios at their prices as of the end of the current Valuation Period. Generally, we will credit any Subaccount you transfer to at the same time.

However, we may wait to credit the amount to a new Subaccount until a Subaccount you exchange from becomes liquid. This will happen only if (1) the Subaccount you exchange to invests in a Portfolio that accrues dividends on a daily basis and requires Federal funds before accepting a purchase order, and (2) the Subaccount you exchange from is investing in an equity Portfolio in an illiquid position due to substantial redemptions or exchanges that require it to sell Portfolio securities in order to make funds available.

The Subaccount you exchange from will be liquid when it receives proceeds from sales of Portfolio securities, the purchase of new Contracts, or otherwise. During any period that we wait to credit a Subaccount for this reason, the amount you exchange will be uninvested. After seven days the exchange will be made even if the Subaccount you exchange from is not liquid.

**<u>7(d).</u> <u>Use of Market Timing Services</u>** 

In some cases, we may sell contracts to individuals who independently utilize the services of a firm or individual engaged in market timing. Generally, market timing services obtain authorization from Contract Owner(s) to make exchanges among the Subaccounts on the basis of perceived market trends. Because the large exchange of assets associated with market timing services may disrupt the management of the portfolios of the Funds, such transactions may become a detriment to Contract Owners not utilizing the market timing service.

The right to exchange Contract values among Subaccounts may be subject to modification if such rights are executed by a market timing firm or similar third party authorized to initiate exchange transactions on behalf of a Contract Owner(s). In modifying such rights, we may, among other things, decline to accept (1) the exchange instructions of any agent acting under a power of attorney on behalf of more than one Contract Owner, or (2) the exchange instructions of individual Contract Owners who have executed pre-authorized exchange forms which are submitted by market timing firms or other third parties on behalf of more than one Contract Owner at the same time. We will impose such restrictions only if we believe that doing so will prevent harm to other Contract Owners.

**<u>7(e).</u> <u>Short-Term Trading Risk</u>** 

Frequent exchanges among Subaccounts by Contract Owner(s) can reduce the long-term returns of the underlying mutual funds. The reduced returns could adversely affect the Owners, Annuitants, Insureds or Beneficiaries of any variable annuity or variable life insurance contract issued by any insurance company with respect to values allocated to the underlying fund. Frequent exchanges may reduce the mutual fund's performance by increasing costs paid by the fund (such as brokerage commissions); they can disrupt portfolio management strategies; and they can have the effect of diluting the value of the shares of long-term shareholders in cases in which fluctuations in markets are not fully priced into the fund's net asset value ("NAV").

The insurance-dedicated mutual funds available through the Subaccounts are also available in products issued by other insurance companies. These funds carry a significant risk that short-term trading may go undetected. The funds themselves generally cannot detect individual Contract Owner exchange activity because they are owned primarily by insurance company separate accounts that aggregate exchange orders from Owners of individual contracts. Accordingly, the funds are dependent in large part on the rights, ability and willingness of all participating insurance companies to detect and deter short-term trading by Contract Owners. As a result of the adoption of Rule 22c-2 of the 1940 Act, all Funds have entered into information sharing agreements with EFILI that will require EFILI, upon request, to (i) provide the Funds with specific information about Contract Owner transfer activity, and, if so requested by a Fund, (ii) prohibit future transfers into such Fund.

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As outlined below, EFILI has adopted policies regarding frequent trading, but can provide no assurance that other insurance companies using the same mutual funds have adopted comparable procedures. There is also the risk that these policies and procedures concerning short-term trading will prove ineffective in whole or in part to detect or prevent frequent trading. Please review the mutual funds' prospectuses for specific information about the funds' short-term trading policies and risks.

**<u>7(f).</u> <u>EFILI Policies Regarding Frequent Trading</u>** 

EFILI does not authorize market timing. EFILI has adopted policies and procedures designed to discourage frequent trading (i.e. frequent transfers or exchanges of Contract Value) as described below. If requested by the

underlying mutual funds, EFILI will consider additional steps to discourage frequent trading of shares of those funds, not inconsistent with the policies and procedures described below.

Contract Owners who engage in frequent trading may be subject to temporary or permanent restrictions as described below on future purchases or exchanges in a Fund, and potentially in all funds managed by FMR or one of its affiliates. Further, Contract Owners who have engaged in frequent trading in the Funds, or in other funds managed by FMR or one of its affiliates, may be subject to temporary or permanent restrictions on purchases or exchanges in those funds. EFILI may alter its policies, in any manner not inconsistent with the terms of the Contract, at any time without notice to Owners.

Although there is no minimum holding period and Contract Owners can make withdrawals or exchanges out of any Subaccount at any time, Contract Owners may ordinarily comply with EFILI's policies regarding frequent trading by allowing 90 days to pass after each purchase or allocation into an Subaccount before they withdraw or exchange out of that Subaccount.

In addition, each underlying mutual fund reserves the right to reject the Variable Account's entire purchase or exchange transaction at any time, which would make EFILI unable to execute Owner purchase, withdrawal or exchange transactions involving that fund on that trading day. EFILI's policies and procedures are separate and independent from any policies and procedures of the underlying mutual funds, and do not guarantee that the mutual funds will not reject Variable Account orders.

**<u>7(g).</u> <u>Frequent Trading Monitoring and Restriction Procedures</u>** 

EFILI has adopted policies and procedures related to exchanges among Subaccounts that are set out below. Frequent trading activity is measured by the number of roundtrip transactions by an Owner. A roundtrip transaction occurs when an Owner makes an allocation or exchange into an Subaccount followed by a withdrawal or exchange out of the same Subaccount within 30 days. Owners are limited to one roundtrip transaction per Subaccount within any rolling 90-day period, subject to an overall limit of four roundtrip transactions in the Contract over a rolling 12-month period.

Owners with two or more roundtrip transactions in one Subaccount within a rolling 90-day period will be blocked from making additional allocations or exchanges into that Subaccount, through any means, for 85 days.

In addition, Owners who complete a fourth (or higher) roundtrip transaction, at least two of which are completed on different business days, within any rolling 12-month period will have a U.S. Mail-Only Trade Restriction imposed on all contracts/policies issued by EFILI or its affiliate, that they own. This rule will apply even if the four or more roundtrips occur in two or more different Subaccounts. This restriction will stay in effect for 12 months. If the Owner makes another roundtrip in a contract that is currently subject to a U.S. Mail-Only Trade Restriction, then the U.S. Mail-Only Trade Restriction period (12 months) is re-started and all purchase transactions will be permanently blocked in the violated Subaccount across all contracts with common ownership. "U.S. Mail-Only" for purposes of the U.S. Mail-Only Trade Restriction is defined as First-Class Mail delivered via the U.S. Postal Service. Expedited delivery or courier services, including such services performed by the U.S. Postal Service, will not be accepted.

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EFILI further reserves the right to reject specific transactions or impose restrictions as described above in respect of any Contract owned or controlled commonly with a Contract subject to the above restrictions, or in respect to any Contract owned or controlled commonly by a person who is the subject of a complex-wide block.

***<u>Exceptions</u>***

EFILI has approved the following exceptions to the frequent trading policy:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Transactions in the Government Money Market Subaccount;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Annuity payments will not count toward a Subaccount's roundtrip limits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) EFILI may suspend the frequent trading policy and make exceptions to the policy for transactions made during
periods of severe market turbulence or national emergency. There is no assurance that EFILI will do so or that, if it does so, the underlying mutual funds will make any necessary exceptions to their frequent trading policies.

EFILI may choose not to monitor transactions below certain dollar value thresholds. No other exceptions will be allowed. The Frequent Trading procedures will be applied consistently to all Owners.

**<u>8.</u> <u>CURRENT CHARGES AND OTHER DEDUCTIONS</u>** 

The following are all the charges we make under the Contract.

**<u>8(a).</u> <u>Base Contract Expenses</u>** 

Base Contract Expenses is the total of two separate charges, a Mortality and Expense Risk Charge and an Administrative Charge.

***Mortality and Expense Risk Charge:*** We deduct a daily asset charge for our assumption of mortality and expense risks. Each day we deduct an amount from the assets of each Subaccount at an effective annual rate of 0.75%. This charge does not affect the amount of fixed annuity income.

The mortality risk is our obligation to provide annuity income for your life (and the life of the Joint Annuitant, if any) no matter how long that might be. The expense risk is our obligation to cover the cost of issuing and administering the Contracts, no matter how large that cost may be. EFILI will realize a gain from the charge for these risks to the extent that it is not needed to provide for benefits and expenses under the Contracts.

***Administrative Charges.*** Each day, a deduction is made from the assets of the Subaccounts at an effective annual rate of 0.25%. We guarantee this charge will never increase. This charge does not affect the amount of fixed annuity income.

Administrative charges compensate us for the expenses we incur in administering the Contracts. These expenses include the cost of issuing the Contract, making electronic funds transfers to your bank account or issuing checks, maintaining necessary systems and records, and providing reports.

**<u>8(b).</u> <u>Premium Taxes</u>** 

We generally deduct a charge equal to any premium tax that New York require us to pay in connection with your Contract at the time we are required to pay it. Currently, New York does not require us to pay such a tax.

**<u>8(c).</u> <u>Expenses of the Funds</u>** 

Fees and expenses are deducted from and paid out of the assets of the Funds. These expenses may vary in amount from year to year and are described in the prospectuses for the Funds.

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**<u>8(d).</u> <u>Other Taxes</u>** 

EFILI reserves the right to charge for certain taxes (other than premium taxes) that it may have to fund. Currently, no such charges are being made. **See *9(e). EFILI's Tax Status*.**

**<u>9.</u> <u>TAX CONSIDERATIONS</u>** 

**<u>9(a).</u> <u>Introduction</u>** 

The below discussion is not exhaustive and is not intended as tax advice. The federal income tax consequences associated with the purchase of an immediate annuity, like the Contract, are complex, and the application of the pertinent tax rules to a particular person may vary according to facts specific to that person. A qualified tax adviser should always be consulted regarding the application of law to individual circumstances. In particular, if you name a Joint Annuitant who is not your spouse (or if the Joint Annuitant is your spouse and you and your spouse do not file joint income tax returns), you should consult a qualified tax adviser as to the tax consequences of your particular arrangement.

This discussion is based on the Code, Treasury Department regulations, and interpretations existing on the date of this Prospectus, all of which are subject to change by Congress, the Treasury Department, and judicial decisions.

This discussion does not address federal estate and gift tax consequences, or state or local tax consequences, associated with the purchase of a Contract. In addition, Empire Fidelity Investments Life Insurance Company makes no guarantee regarding any tax treatment, federal, state, or local, of any Contract or of any transaction involving a Contract.

**<u>9(b).</u> <u>Treatment of Distributions</u>** 

***Taxation of Distributions:*** Regulations under section 401(a)(9) of the Internal Revenue Code addressing required minimum distributions from annuity contracts apply to Contracts issued as IRAs. Your IRA might have a Liquidity Option, under which you may withdraw part or all of the Contract's "Liquidity Value" during the "Liquidity Period." It is unclear how the regulations apply with respect to a Liquidity Option. It is possible that the Liquidity Option will need to be modified in order to comply with the regulations.

The portion of an annuity income distribution that is includible in ordinary income may vary depending on the annuity income option selected under the Contract, but generally is the excess of the distribution over the *"exclusion amount."*

In the case of a *variable annuity income* distribution, the exclusion amount is generally the "investment in the contract" allocated to the variable annuity income, adjusted for any guaranteed period, divided by the expected number of periodic annuity income distributions (determined under Treasury Department regulations).

In the case of *fixed annuity income* distributions, the exclusion amount is generally the amount determined by multiplying the distribution by the ratio (determined under Treasury Department regulations) of (1) the investment in the Contract allocated to the fixed annuity income, adjusted for any guaranteed period, to (2) the "expected return" under the fixed annuity income distributions. For Qualified Contracts, the investment in the Contract is generally zero. When the investment in the contract is zero, annuity income distributions are fully taxable as ordinary income.

After the dollar amount of the investment in the Contract is deemed to be recovered, the entire amount of each annuity income distribution will be fully includible in income. On the other hand, should the annuity income

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distributions cease before the adjusted investment in the Contract is fully recovered, the person receiving those distributions at the time of their death will be allowed a deduction for the unrecovered amount of the adjusted investment in the Contract.

Where a guaranteed period of annuity income distributions is selected and no Annuitant or Joint Annuitant lives to the end of that period, the annuity income distributions made to the Beneficiary for the remainder of that period are includible in income as follows: (1) if received in a lump sum, they are included in income to the extent that they exceed the unrecovered investment in the contract at the time; or (2) if distributed as annuity income distributions, they are fully excluded from income until the remaining investment in the Contract is deemed to be recovered, and all annuity income distributions thereafter are fully includible in income.

***3.8% Tax on Net Investment Income:*** Federal tax law imposes a 3.8% Medicare tax on the lesser of (1) the taxpayer's "net investment income," (from Non-qualified annuities, interest, dividends, etc., offset by specified allowable deductions), or (2) the taxpayer's modified adjusted gross income in excess of a specified income threshold ($250,000 for married couples filing jointly, $125,000 for married couples filing separately, and $200,000 otherwise). "Net investment income" in item 1 does not include distributions from tax-qualified plans (i.e., IRAs, Roth IRAs, or arrangements described in Code Sections 401(a), 403(b), or 457(b)) but such income will increase "modified adjusted gross income" in item 2. You should consult your tax advisor regarding the applicability of this tax to income you would receive under this annuity contract.

***Penalty Tax:*** Certain distributions under the Contract may be subject to a penalty tax equal to 10% of the portion of the distribution which is includible in income. Annuity income distributions under Qualified Contracts typically will not be subject to the penalty tax imposed under the Code on premature distributions if the first Annuity Income Date is after you attain age 59<sup>1</sup>⁄<sub>2</sub>. If you own a Qualified Contract with a Withdrawal Period and the first Annuity Income Date is before you attain age 59<sup>1</sup>⁄<sub>2</sub>, a withdrawal that is made either before age 59<sup>1</sup>⁄<sub>2</sub> or within 5 years of the first Annuity Income Date generally will trigger the application of the penalty tax to the withdrawal and all distributions made prior to the withdrawal. Also, the additional 10% penalty tax generally does not apply to distributions that (1) are made on account of the taxpayer's death or disability; (2) are made on or after the taxpayer attains age 59<sup>1</sup>⁄<sub>2</sub>; (3) are part of a series of "substantially equal periodic payments" (not less frequently than annually) over the life (or life expectancy) of the taxpayer or the joint lives (or joint life expectancies) of the taxpayer and his or her Beneficiary; or (4) satisfy some other exception to the penalty tax.

In the case of a Contract held in custody for a minor under the Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act, a distribution under the Contract ordinarily is taxable to the minor. Whether the penalty tax applies to such a distribution ordinarily is determined by the circumstance or characteristics of the minor, not the custodian. Thus, for example, a distribution taxable to a minor will not qualify for the exception to the penalty tax for distributions made on or after age 59<sup>1</sup>⁄<sub>2</sub>, even if the custodian is 59<sup>1</sup>⁄<sub>2</sub> or older.

It is unclear at this time whether annuity distributions under a Non-qualified Contract prior to the recipient attaining age 59<sup>1</sup>⁄<sub>2</sub> satisfy an exception to the penalty tax. Accordingly, a prospective purchaser of a Non- qualified Contract who expects to receive distributions prior to attaining age 59<sup>1</sup>⁄<sub>2</sub> should consult a qualified tax adviser regarding the application of the penalty tax to those distributions.

***Withholding and Reporting:*** EFILI will, as required by law, withhold and remit to the U.S. Government a part of the taxable portion of each distribution under the Contract, unless a written election not to have any amounts withheld is filed prior to the distribution. Also, EFILI will report all annuity income distributions made while you are alive as being distributed in full to you, even if you name a Joint Annuitant.

**<u>9(c).</u> <u>Qualified Contracts</u>** 

The Contract may be used as an Individual Retirement Annuity under Section 408(b) of the Internal Revenue Code. Section 408(b) of the Code permits eligible individuals to contribute to an individual retirement program

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known as an "Individual Retirement Annuity." The Contract also may be issued as a Roth IRA, i.e., an Individual Retirement Annuity that also satisfies the requirements of Section 408A of the Code. A Roth IRA is a type of IRA that satisfies certain additional requirements under section 408A of the Code. Roth IRAs are treated like IRAs in many respects, and thus much of the discussion relating to Contracts issued as Individual Retirement Annuities also applies to Contracts issued as Roth IRAs. However, Roth IRAs differ from other IRAs in several respects. Among the differences is that no portion of a premium payment to a Roth IRA is tax deductible, and "qualified distributions" (discussed below) from a Roth IRA are excludable from gross income. Additionally, the eligibility and mandatory distribution requirements for Roth IRAs differ from non-Roth IRAs. You should seek competent advice as to the tax consequences associated with the use of a Contract as a Qualified Contract.

Because the Contract's minimum Purchase Payment was greater than the maximum annual contribution permitted to an Individual Retirement Annuity, a Qualified Contract could be purchased only in connection with a "rollover" (including a direct trustee-to-trustee transfer, where permitted). Specifically, a Qualified Contract that is an Individual Retirement Annuity could be purchased only in connection with a rollover of amounts from a qualified 401(a) or a 401(k) plan, a tax-sheltered annuity, or a 403(b) plan, a governmental 457(b) plan, or an IRA. A Qualified Contract that is a Roth IRA could be purchased only in connection with a "qualified rollover contribution" (including a direct trustee-to-trustee transfer, where permitted) of amounts from another Roth IRA, i.e., a rollover contribution from another Roth IRA that meets the IRA rollover requirements under Section 408(d)(3) of the Code. The Contract could not be purchased as a Roth IRA with a qualified rollover contribution or a trustee-to-trustee transfer from a non-Roth IRA.

If the Contract is used as a Qualified Contract, you must be the sole Owner of the Contract and the Annuitant. If you name a Joint Annuitant, all distributions made while you are alive must be made to you. Also, if you name a Joint Annuitant who is not your spouse, the annuity income options from which you may select may be limited, depending on the difference in ages between you and the Joint Annuitant. Furthermore, if you choose a Guarantee Period, the length of the period may have to be limited in order to satisfy certain minimum distribution requirements of the Code.

In the case of a Contract with a Withdrawal Value that is issued as an Individual Retirement Annuity, we believe that the annuity income payments thereunder should satisfy the minimum distribution requirements under section 401(a)(9) of the Code. However, it is possible, though unlikely, that the IRS will determine that the annuity income payments do not satisfy those requirements. In addition, we do not know whether the withdrawal of all or a part of the Withdrawal Value constitutes a required minimum distribution which cannot be directly transferred to another IRA or rolled over. Due to this uncertainty, we will not process direct transfers to another IRA but will instead treat all withdrawals of the Withdrawal Value from the Contract as distributions for tax reporting and withholding purposes. Accordingly, we will report such withdrawals on a 1099R form. Owners should consult a tax adviser before withdrawing an amount with the intention of rolling it over to another IRA.

In the Case of a Contract that is issued as a Roth IRA, any "qualified distribution" is excludible from gross income. A "qualified distribution" is a payment or distribution which satisfies two requirements. First, the payment or distribution must be (a) made after the Owner attains age 59<sup>1</sup>⁄<sub>2</sub>, (b) made after the Owner's death, (c) attributable to the Owner being disabled, or (d) a qualified first-time homebuyer distribution within the meaning of Section 72(t)(2)(F) of the Code. Second, the payment or distribution must be made in a taxable year that is at least five years after (a) the first taxable year for which a contribution was made to any Roth IRA established for the Owner, or (b) in the case of a payment or distribution properly allocable to a qualified rollover contribution from a non-Roth IRA (or income allocable thereto), the taxable year in which the rollover contribution was made. As mentioned above, the Contract could not be purchased as a Roth IRA with a qualified rollover contribution from a non-Roth IRA.

It should be noted that since the Contract is an immediate annuity contract, annuity income distributions under the Contract will begin within one year after a qualified rollover contribution is made to the Contract. Hence,

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persons considering making a qualified rollover contribution to the Contract issued as Roth IRA should consult a qualified tax advisor regarding whether distributions from the Contract will satisfy the requirements of a qualified distribution.

A distribution from a Roth IRA which is not a qualified distribution will generally be taxed in the same manner as a distribution from a non-Roth IRA. However, such a distribution will be treated as made first from contributions to the Roth IRA to the extent that the distribution, when added to all previous distributions from the Roth IRA, does not exceed the aggregate amount of contributions to the Roth IRA. Generally, all Roth IRAs are aggregated to determine the tax treatment of distributions.

Minimum distributions are not required from a Roth IRA while the Owner is alive. However, if the Owner dies before the entire interest in a Roth IRA is distributed, any remaining interest in the Roth IRA must be distributed in accordance with certain minimum distribution requirements set forth in Section 401(a)(9) of the Code. Hence, it might be necessary in certain circumstances to modify the distributions under an annuity income option after the Owner's death in order to comply with these after-death distribution requirements under the Code. Persons intending to use the Contract as a Roth IRA should seek competent advice regarding these requirements.

**<u>9(d).</u> <u>Tax Deferral Until Distributions are Made</u>** 

Under existing provisions of the Code, any increase in the value of the Contract is generally not taxable until distributions are made under one of the Contract's annuity income options. However, as discussed below, this tax deferral generally applies only if (1) the Owner is an individual, (2) the investments in the Variable Account are adequately diversified in accordance with Treasury Department regulations, (3) EFILI, rather than the Owner, is considered the Owner of the assets of the Variable Account for federal tax purposes, and (4) certain distribution requirements are met in the event that you die.

***Non-natural Owner:*** In certain circumstances, if an Owner were a "non-natural" person, such as a corporation or a trust, the Contract would not be treated as an annuity contract for federal tax purposes, and the Owner would be taxable currently on the income and gain from the assets of the Variable Account. Accordingly, the Contract must be owned by an individual (or individuals), and will not be issued to "non-natural" persons.

***Diversification Requirements:*** For a Contract to be treated as an annuity contract for federal income tax purposes, the investments of the Variable Account must be *"adequately diversified."* The Treasury Department has issued regulations which prescribe standards for determining whether the investments of the Variable Account are "adequately diversified." If the Variable Account failed to comply with these diversification standards, the Contracts would not be treated as annuity contracts for federal income tax purposes, and each Owner would be taxable currently on the income and gain from the assets of the Variable Account. Although EFILI does not control the investments of the Funds, EFILI has entered into agreements with the Funds requiring them to operate in compliance with the Treasury Department regulations so that the Variable Account will be considered "adequately diversified."

***Ownership Treatment:*** In certain circumstances, variable annuity Contract Owners may be considered the Owners, for federal income tax purposes, of the assets of the separate account used to support their contracts. In those circumstances, income and gains from the separate account assets would be includible in the Contract Owners' gross income.

The Internal Revenue Service (the "Service") has stated in published rulings that a variable Contract Owner will be considered the Owner of separate account assets if the Owner possesses incidents of ownership in those assets, such as the ability to exercise investment control over the assets.

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The Treasury Department subsequently announced, in connection with the issuance of regulations concerning investment diversification, that those regulations "do not provide guidance concerning the circumstances in which investor control of the investments of a segregated asset account may cause the investor, rather than the insurance company, to be treated as the Owner of the assets in the account." This announcement also stated that guidance would be issued by way of regulations or rulings on the "extent to which policyholders may direct their investments to particular sub- accounts of a separate account without being treated as Owners of the underlying assets." As of the date of this Prospectus, no such guidance has been issued.

The ownership rights under the Contract are similar to, but different in certain respects from, those described by the Service in rulings in which it was determined that Contract Owners were not Owners of separate account assets. For example, the Owner of the Contract has a choice of more Subaccounts to which to allocate the Purchase Payment, and may be able to transfer among Subaccounts more frequently than in such rulings. These differences could result in the Owner being treated as the Owner of the assets of the Variable Account, and thus income and gain from such assets would be includible in the Owner's income annually. In addition, it is not known what standards will be set forth in the regulations or rulings which the Treasury Department has stated it expects to issue. The Company therefore reserves the right to modify the Contract as necessary to attempt to prevent the Owner from being considered the Owner of the assets of the Variable Account.

***Distribution Requirements:*** To qualify as an annuity for federal tax purposes, the Contract must satisfy certain distribution requirements in the event of your death. The Contract contains the required distribution provisions. In certain situations, those provisions may limit the guaranteed period over which annuity income distributions can be made (if such a period is selected).

***Important:*** This discussion of the Tax Considerations assumes that the Contract will be treated as an annuity contract for federal income tax purposes and that EFILI will be treated as the Owner of the Variable Account assets.

**<u>9(e).</u> <u>EFILI's Tax Status</u>** 

EFILI is taxed as a life insurance company under Subchapter L of the Code. Since the operations of the Variable Account are part of, and are taxed with, the operations of EFILI, the Variable Account is not separately taxed as a "regulated investment company" under Subchapter M of the Code. Under existing federal income tax laws, investment income and capital gains of the Variable Account are not taxed to the extent they are applied to increase reserves under a contract. EFILI does not expect to incur federal income taxes attributable to the Variable Account. Based on this, no charge is being made currently to the Variable Account for federal income taxes. EFILI will periodically review the need for a charge to the Variable Account for its federal income taxes. Such a charge may be made in future years for any federal income taxes that would be attributable to the Contracts.

Under existing laws, EFILI may incur state and local taxes (in addition to premium taxes) in several states. At present, these taxes (other than premium taxes) are not significant and are not charged against the Contracts or the Variable Account. If the amount of these taxes changes substantially, EFILI may make charges for such taxes against the Variable Account.

**<u>10.</u> <u>MORE INFORMATION ABOUT THE CONTRACT</u>** 

You should also be aware of the following important provisions of your Contract**.**

**<u>10(a).</u> <u>Contract Rights</u>** 

***Owner(s):*** Before the Contract was issued, the Owner(s) also had the right to (a) name the Joint Annuitant, (if any); (b) allocate the Purchase Payment between fixed and variable annuity income; (c) choose an annuity

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income option; (d) allocate the Purchase Payment among the Subaccounts; (e) choose the Benchmark Rate of Return; (f) name the Beneficiary or Beneficiaries; and (g) select the first Annuity Income Date and the frequency of annuity income payments.

After a Contract is issued, each Owner named in the application has the following rights: (a) the right to change any Beneficiary; (b) the right to cancel the Contract during the free look period; (c) any right to reallocate among the Subaccounts; and (d) the right to instruct us how to vote shares of an investment portfolio attributable to the Contract; and for a Contract that includes a Withdrawal Period, (e) the right to withdraw from the variable portion of the Contract during the Withdrawal Period and the right to surrender the variable portion of the Contract within five years from the first Annuity Income Date.

A Joint Annuitant who is not an Owner when a Contract is issued will succeed to the rights in the paragraph above if he or she survives the Owner. When no Owner or Joint Annuitant is still alive, each Beneficiary will have (a) the right to reallocate among the Subaccounts, and (b) the right to instruct us how to vote shares of an investment portfolio attributable to the Contract, with respect to his or her share of annuity income.

***Annuitant:*** You have the right to receive annuity income under the terms of the Contract. You also have rights as an Owner as described above.

***Joint Annuitant:*** For Non-qualified Contracts, the Joint Annuitant, (if any), has the right to receive annuity income jointly with you under the terms of the Contract. The Joint Annuitant may also be an Owner, or succeed to the rights of the Owner(s) as described above. For Qualified Contracts, (a) all annuity income during your lifetime must be received only by you, and (b) the Joint Annuitant may not be an Owner.

The Beneficiary (or Beneficiaries) will receive any remaining Withdrawal Period annuity income if neither you nor the Joint Annuitant (if any) survives to the end of the Withdrawal Period.

Surviving Beneficiaries will receive equal shares unless you specify otherwise. If (1) no Beneficiary survives you and the Joint Annuitant (if any); and (2) the Withdrawal Period or Guarantee Period (if any) has not ended; we will provide a lump sum to the estate of the last to die of you and the Joint Annuitant.

***Beneficiary(ies):*** You were allowed to name one or more Beneficiaries when you completed your application. You may change Beneficiaries later, unless you have designated an irrevocable Beneficiary, in which case we will require the consent of the irrevocable Beneficiary in writing. The Beneficiary (or Beneficiaries) will receive (a) annuity income for the remainder of any Guarantee Period after the death(s) of the Annuitant (and Joint Annuitant, if any), and (b) a refund of your Purchase Payment if you (and the Joint Annuitant, if any) do not live to the first Annuity Income Date.

The Beneficiary has choices if you (and the Joint Annuitant, if any) die before the end of the Withdrawal Period or Guarantee Period, if any:

The Beneficiary may choose (a) to continue receiving annuity income on each remaining Annuity Income Date, or (b) to receive the Withdrawal Value plus the present value of fixed annuity income (if any). If a Contract with a Withdrawal Period is within its first five years after the first Annuity Income Date, it will typically be more advantageous for the Beneficiary to choose option (b). The Beneficiary must notify us within 60 days of the date we receive notice of the relevant death to elect a lump sum. Otherwise, the Beneficiary will receive annuity income for the remaining guaranteed Annuity Income Dates.

If a Beneficiary receiving annuity income dies, a lump sum will be provided to the Beneficiary's estate. The fixed annuity income portion of any lump sum will be the present value of the annuity income for the remaining guaranteed Annuity Income Dates, discounted at a rate equal to the rate used to determine annuity income payment. The variable annuity income portion will be the Withdrawal Value.

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A Beneficiary may be a "Primary Beneficiary" or a "Contingent Beneficiary." No Contingent Beneficiary has the right to proceeds unless all of the Primary Beneficiaries die before proceeds are determined.

**<u>10(b).</u> <u>Reports</u>** 

If part or all of your Purchase Payment is allocated to variable income, we will send you a statement showing the number of Annuity Income Units in each Subaccount, and the value of each Annuity Income Unit, at least once each calendar quarter, and each time you transfer Annuity Income Units among the Subaccounts. If you choose a Withdrawal Period, we will show your Withdrawal Value at least once each calendar quarter.

You should verify the accuracy of your transaction confirmations and quarterly statements immediately after you receive them and notify the Annuity Service Center promptly of any discrepancies as we will not be responsible for resulting losses due to unit value changes after 10 calendar days from the mailing of the report.

Finally, contract owners have access to their Contract information online at www.dfinview.com/Fidelity/PUFT/EFIA.

**<u>10(c).</u> <u>Postponement of Benefits</u>** 

We will usually send annuity income within seven days of the Annuity Income Date. We will usually send any lump sum distributions to Beneficiaries within seven days of the day we receive proper notice. We will usually send any Death Benefit within seven days after we receive due proof of your death (for a single life Contract) or the deaths of you and the Joint Annuitant (for a joint life Contract). However, we may delay sending these amounts if (1) the disposal or valuation of the Variable Account's assets is not reasonably practicable because the New York Stock Exchange is closed for other than a regular holiday or weekend, trading is restricted by the SEC, or the SEC declares that an emergency exists; or (2) the SEC by order permits postponement for any other reason.

**<u>10(d).</u> <u>Signature Guarantee or Customer Authentication</u>** 

Certain requests may require a signature guarantee or a customer authentication. A signature guarantee or a customer authentication is designed to protect you and EFILI from fraud.

Your request must be in writing and may require a signature guarantee if any of the following situations apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Loss of Account Ownership

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Any other circumstances where we deem it necessary for your protection

You should be able to obtain a signature guarantee from a bank, broker dealer, credit union (if authorized under state law), securities exchange or association, clearing agency, or savings association. A notary public cannot provide a signature guarantee. A customer authentication can be obtained only at a Fidelity Investments Investor Center.

**<u>10(e).</u> <u>Misstatement of Date of Birth or Sex</u>** 

If the date of birth or sex of you or the Joint Annuitant has been misstated, EFILI will change the benefits to those which the proceeds would have purchased had the correct date(s) of birth and sex(es) been stated.

If the misstatement is not discovered until after the first Annuity Income Date, EFILI will take the following action: (1) if EFILI provided too much annuity income, EFILI will add interest at the rate of 6% per year compounded annually and withhold annuity income on subsequent following Annuity Income Date(s) until it has recovered the excess; (2) if EFILI provided too little annuity income, we will make up the balance plus interest at the rate of 6% per year compounded annually in a lump sum.

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**<u>10(f).</u> <u>Notification of Death</u>** 

Any Beneficiary claiming an interest in the Contract must provide us in writing with due proof of your death and the death of the Joint Annuitant, (if any), at the Annuity Service Center. We will not be responsible for any annuity income paid to you or the Joint Annuitant, (if any), before we receive due proof of death at the Annuity Service Center.

You and the Joint Annuitant are each responsible for notifying EFILI of the death of the other. Each Beneficiary is responsible for notifying EFILI of the death of the last surviving Annuitant or Joint Annuitant. Upon the death of the last person with the right to receive annuity income under a Contract, that person's executor is responsible for notifying EFILI. If too much annuity income is provided because EFILI is not notified of a death, EFILI may withhold annuity income on subsequent Annuity Income Dates, or take legal action, until it has recovered any excess amounts.

**<u>10(g).</u> <u>Assignment</u>** 

The Contract may not be assigned.

**<u>10(h).</u> <u>Dividends</u>** 

The Contract is "non-participating." This means that there are no dividends. Investment results of the Subaccounts are reflected in benefits.

**<u>10(i).</u> <u>Written Requests Received at the Company</u>** 

Any request that is required to be submitted to the Company in writing must be in accordance with the Company's then current standards and shall not be effective until the date and time that either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The original request is physically received at the Annuity Service Center; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. An electronic image of the original request, which has been submitted by an agent of Fidelity, is received at
the Annuity Service Center.

All communications to us regarding your Contract should be sent to: Empire Fidelity Investments Life Insurance Company, Annuity Service Center, PO Box 770001, Cincinnati, Ohio 45277-0051.

**<u>11.</u> <u>MORE INFORMATION ABOUT THE VARIABLE ACCOUNT AND THE FUNDS</u>** 

**<u>11(a).</u> <u>Changes in Subaccounts</u>** 

We may from time to time make additional Subaccounts available to you. These Subaccounts will invest in investment portfolios that we find suitable for the Contract.

EFILI also has the right to eliminate any Subaccount, to combine two or more Subaccounts, or substitute a new portfolio or fund for the Portfolio in which a Subaccount invests. A substitution may become necessary if, in EFILI's judgment, a Portfolio or Fund no longer suits the purpose of the Contract. This may happen due to a change in laws or regulations, or a change in a Portfolio's investment objectives or restrictions, or because the Portfolio is no longer available for investment, or for some other reason. EFILI would obtain prior approval from the SEC and any other required approvals before making such a substitution.

EFILI also reserves the right to operate the Variable Account as a management investment company under the 1940 Act or any other form permitted by law or to deregister the Variable Account under such Act in the event such registration is no longer required. We would obtain any required approval from the SEC before making such changes.

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**<u>11(b).</u> <u>Voting Rights</u>** 

EFILI will vote shares of the Funds owned by the Variable Account according to your instructions. However, if the 1940 Act or any related regulations or interpretations should change, and EFILI decides that it is permitted to vote the shares of the Funds in its own right, it may decide to do so.

EFILI calculates the number of shares that you may instruct it to vote by dividing the reserve maintained in each Subaccount to meet the obligations under the Contract by the net asset value of one share of the corresponding Portfolio. Fractional votes will be counted. EFILI reserves the right to modify the manner in which it calculates the weight to be given to your voting instructions where such a change is necessary to comply with federal regulations or interpretations of those regulations.

EFILI will determine the number of shares you can instruct it to vote 90 days or less before the applicable Fund shareholder meeting. At least 14 days before the meeting, we will mail you material for providing your voting instructions.

If your voting instructions are not received in time, EFILI will vote the shares in the same proportion as the instructions received with regard to all other contracts issued through the Variable Account. EFILI will also vote shares it holds in the Variable Account that are not attributable to contracts in the same proportionate manner. As a result of proportional voting, the votes of a small number of Owners could determine the outcome of a shareholder vote. Under certain circumstances, EFILI may be required by state regulatory authorities to disregard voting instructions. This may happen if following such instructions would change the sub-classification or investment objectives of the Portfolios, or result in the approval or disapproval of an investment advisory contract.

Under federal regulations, EFILI may also disregard instructions to vote for changes in investment policies or the investment adviser if it disapproves of the proposed changes. EFILI would disapprove a proposed change only if it were contrary to state law, prohibited by state regulatory authorities, or if it decided that the change would result in overly speculative or unsound investments. If EFILI ever disregards voting instructions, it will include a summary of its actions in the next semi-annual report.

**<u>11(c).</u> <u>Resolving Material Conflicts</u>** 

The Funds are available to separate accounts offering variable annuity and variable life products of other participating insurance companies, as well as to the Variable Account and other separate accounts EFILI establishes.

Although EFILI does not anticipate any disadvantages to this, there is a possibility that a material conflict may arise between the interest of the Variable Account and one or more of the other separate accounts participating in a Fund. A conflict may occur due to a change in law affecting the operations of variable life insurance and variable annuity separate accounts, differences in the voting instructions we receive and instructions received by other companies, or some other reason. In the event of a conflict, it is possible that the Variable Account might be required to withdraw its investment in the Funds. In the event of any conflict, we will take any steps necessary to protect Annuitants, Joint Annuitants, and Beneficiaries.

**<u>11(d).</u> <u>Total Return for a Subaccount</u>** 

The Total Return reflects the investment performance of a Subaccount, less all expenses and charges, for the Valuation Period. EFILI determines the Total Return of a Subaccount at the end of each Valuation Period. Such determinations are made as of the close of business each day the New York Stock Exchange is open for business.

Shares of the Funds are valued at net asset value. Any dividends or capital gains distributions of a Portfolio of the Funds are reinvested in shares of that Portfolio.

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**<u>APPENDIX A: FUNDS AVAILABLE UNDER THE CONTRACT</u>**

The following is a list of Funds available under the Contract. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.dfinview.com/Fidelity/PUFT/EFIA. You can also request this information at no cost by calling 1-800-634-9361 or by sending an email request to filifunddocuments@fidelity.com.

The current expenses and performance information below reflects fees and expenses of the Funds, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Fund's past performance is not necessarily an indication of future performance.

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| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** |
| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **1 year** | **5 year** | **10 year** |
| &nbsp;&nbsp;&nbsp;Seeks long-term capital appreciation | Allspring VT Discovery SMID Cap Growth Fund\*\*<br>*Adviser:* Allspring Funds Management, LLC<br>*Subadviser:* Allspring Global Investments, LLC | 1.13% | 5.39% | -2.46% | 9.94% |
| &nbsp;&nbsp;&nbsp;Seeks long-term capital appreciation | Allspring VT Opportunity Fund\*\*<br>*Adviser:* Allspring Funds Management, LLC<br>*Subadviser:* Allspring Global Investments, LLC | 1.00%\* | 6.71% | 8.94% | 11.85% |
| &nbsp;&nbsp;&nbsp;Seeks high total investment return | BlackRock Global Allocation V.I. Fund<br>*Adviser:* BlackRock Advisors, LLC<br>*Subadviser:* BlackRock (Singapore) Limited and BlackRock International Limited | 0.91%\* | 19.53% | 5.62% | 7.42% |
| &nbsp;&nbsp;&nbsp;Seeks to obtain high total return with reduced risk over the long-term by allocating its assets among stocks, bonds, and short-term instruments | Fidelity<sup>®</sup> Variable Insurance Product ("VIP") Asset Manager 50% Portfolio<br>*Adviser*: Fidelity Management & Research Company LLC | 0.51%\* | 14.98% | 5.67% | 7.13% |
| &nbsp;&nbsp;&nbsp;Seeks to maximize total return by allocating its assets among stocks, bonds, short-term instruments, and other investments | Fidelity<sup>®</sup> VIP Asset Manager 70% Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.62%\* | 18.29% | 7.64% | 8.87% |
| &nbsp;&nbsp;&nbsp;Seeks income and capital growth consistent with reasonable risk | Fidelity<sup>®</sup> VIP Balanced Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.41% | 15.25% | 9.52% | 11.13% |

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|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** |
| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **1 year** | **5 year** | **10 year** |
| &nbsp;&nbsp;&nbsp;Seeks to provide investment results that correspond to the aggregate price and interest performance of the debt securities in the Bloomberg Barclays U.S. Aggregate Bond Index | Fidelity<sup>®</sup> VIP Bond Index Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.14% | 6.98% | -0.57% |  |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Communication Services Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.60% | 34.39% | 15.19% | 15.81% |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Consumer Discretionary Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.61% | 6.80% | 8.10% | 12.51% |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Consumer Staples Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.61% | -2.98% | 3.70% | 5.87% |
| &nbsp;&nbsp;&nbsp;Seeks long-term capital appreciation | Fidelity<sup>®</sup> VIP Contrafund<sup>®</sup> Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.54% | 21.52% | 15.37% | 15.78% |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Disciplined Small Cap Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.32% | 17.38% | 10.36% | 10.60% |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Dynamic Capital Appreciation Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.73% | 18.79% | 13.67% | 14.87% |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Emerging Markets Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.87% | 41.20% | 5.88% | 10.93% |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Energy Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.60% | 10.59% | 24.18% | 7.96% |

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|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** |
| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **1 year** | **5 year** | **10 year** |
| &nbsp;&nbsp;&nbsp;Seeks reasonable income while also considering the potential for capital appreciation. The fund's goal is to achieve a yield which exceeds the composite yield on the securities comprising the S&P 500<sup>®</sup> Index | Fidelity<sup>®</sup> VIP Equity-Income Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.46% | 19.02% | 12.51% | 11.60% |
| &nbsp;&nbsp;&nbsp;Seeks to provide investment results that correspond to the total return of stocks of mid- to small-capitalization U.S. companies | Fidelity<sup>®</sup> VIP Extended Market Index Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC<br>*Principal Subadviser:* Geode Capital Management, LLC | 0.12% | 12.32% | 8.02% |  |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Financials Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.60% | 15.18% | 16.45% | 13.40% |
| &nbsp;&nbsp;&nbsp;Seeks a high level of current income | Fidelity<sup>®</sup> VIP Floating Rate High Income Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.73% | 5.33% | 6.06% | 5.44% |
| &nbsp;&nbsp;&nbsp;Seeks high current income and, as a secondary objective, capital appreciation | Fidelity<sup>®</sup> VIP FundsManager<sup>®</sup> 20% Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.47%\* | 9.14% | 3.14% | 4.23% |
| &nbsp;&nbsp;&nbsp;Seeks high current income and, as a secondary objective, capital appreciation | Fidelity<sup>®</sup> VIP FundsManager<sup>®</sup> 30% Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.54%\* | 10.86% |  |  |
| &nbsp;&nbsp;&nbsp;Seeks current income as well as total return. The fund also considers the potential for capital appreciation. | Fidelity<sup>®</sup> VIP FundsManager<sup>®</sup> 40% Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.57%\* | 12.40% |  |  |
| &nbsp;&nbsp;&nbsp;Seeks high total return | Fidelity<sup>®</sup> VIP FundsManager<sup>®</sup> 50% Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.59%\* | 14.13% | 5.78% | 7.24% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** |
| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **1 year** | **5 year** | **10 year** |
| &nbsp;&nbsp;&nbsp;Seeks high total return | Fidelity<sup>®</sup> VIP FundsManager<sup>®</sup> 60% Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.63%\* | 15.71% | 6.67% | 8.19% |
| &nbsp;&nbsp;&nbsp;Seeks high total return | Fidelity<sup>®</sup> VIP FundsManager<sup>®</sup> 70% Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.65%\* | 17.12% | 7.74% | 9.12% |
| &nbsp;&nbsp;&nbsp;Seeks high total return | Fidelity<sup>®</sup> VIP FundsManager<sup>®</sup> 85% Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.68%\* | 19.46% | 9.10% | 10.51% |
| &nbsp;&nbsp;&nbsp;Seeks as high a level of current income as is consistent with preservation of capital and liquidity | Fidelity<sup>®</sup> VIP Government Money Market Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.25% | 4.13% | 3.10% | 2.03% |
| &nbsp;&nbsp;&nbsp;Seeks to achieve capital appreciation | Fidelity<sup>®</sup> VIP Growth Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.55% | 14.92% | 13.70% | 17.45% |
| &nbsp;&nbsp;&nbsp;Seeks high total return through a combination of current income and capital appreciation | Fidelity<sup>®</sup> VIP Growth & Income Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.47% | 21.50% | 16.11% | 13.84% |
| &nbsp;&nbsp;&nbsp;Seeks to provide capital growth | Fidelity<sup>®</sup> VIP Growth Opportunities Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.56% | 22.02% | 11.31% | 19.94% |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Health Care Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.59% | 14.39% | 4.18% | 8.75% |
| &nbsp;&nbsp;&nbsp;Seeks a high level of current income, while also considering growth of capital | Fidelity<sup>®</sup> VIP High Income Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.81%\* | 10.36% | 4.22% | 5.59% |
| &nbsp;&nbsp;&nbsp;Seeks investment results that correspond to the total return of common stocks publicly traded in the United States, as represented by the S&P 500<sup>®</sup> Index | Fidelity<sup>®</sup> VIP Index 500 Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC<br>*Principal Subadviser:* Geode Capital Management, LLC | 0.09% | 17.78% | 14.31% | 14.70% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** |
| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **1 year** | **5 year** | **10 year** |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Industrials Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.60% | 24.52% | 14.79% | 12.98% |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP International Capital Appreciation Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.78% | 18.69% | 6.26% | 9.81% |
| &nbsp;&nbsp;&nbsp;Seeks to provide investment results that correspond to the total return of foreign developed and emerging stock markets | Fidelity<sup>®</sup> VIP International Index Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC<br>*Principal Subadviser:* Geode Capital Management, LLC | 0.16% | 33.15% | 8.02% |  |
| &nbsp;&nbsp;&nbsp;Seeks as high a level of current income as is consistent with the preservation of capital | Fidelity<sup>®</sup> VIP Investment Grade Bond Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.37% | 7.22% | 0.06% | 2.71% |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Materials Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.68% | 11.40% | 7.08% | 7.68% |
| &nbsp;&nbsp;&nbsp;Seeks long-term growth of capital | Fidelity<sup>®</sup> VIP Mid Cap Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.55% | 11.75% | 10.10% | 10.59% |
| &nbsp;&nbsp;&nbsp;Seeks long-term growth of capital | Fidelity<sup>®</sup> VIP Overseas Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.72% | 20.39% | 6.62% | 7.93% |
| &nbsp;&nbsp;&nbsp;Seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500<sup>®</sup> Index | Fidelity<sup>®</sup> VIP Real Estate Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.60% | 3.10% | 4.23% | 3.87% |
| &nbsp;&nbsp;&nbsp;Seeks a high level of current income. The fund may also seek capital appreciation | Fidelity<sup>®</sup> VIP Strategic Income Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.63% | 8.85% | 3.07% | 4.66% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** |
| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **1 year** | **5 year** | **10 year** |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Technology Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.56% | 23.36% | 16.83% | 23.76% |
| &nbsp;&nbsp;&nbsp; Seeks to provide investment results that correspond to the total return of a broad range of<br> U.S. stocks | Fidelity<sup>®</sup> VIP Total Market Index Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC<br>*Principal Subadviser:* Geode Capital Management, LLC | 0.11% | 17.11% | 13.14% |  |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Utilities Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.60% | 14.11% | 12.52% | 12.51% |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Value Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.60% | 11.23% | 13.10% | 11.24% |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Fidelity<sup>®</sup> VIP Value Strategies Portfolio<br>*Adviser:* Fidelity Management & Research Company LLC | 0.59% | 7.99% | 12.14% | 10.82% |
| &nbsp;&nbsp;&nbsp;Seeks income | Franklin U.S. Government Securities VIP Fund<br>*Adviser:* Franklin Advisers, Inc. | 0.79% | 6.69% | 0.02% | 1.14% |
| &nbsp;&nbsp;&nbsp;Seeks capital appreciation | Invesco V.I. Global Fund<br>*Adviser:* Invesco Advisers, Inc. | 0.81% | 15.32% | 7.28% | 11.00% |
| &nbsp;&nbsp;&nbsp;Seeks long-term capital appreciation | Lazard Retirement Emerging Markets Equity Portfolio<br>*Adviser:* Lazard Asset Management LLC | 1.13%\* | 42.12% | 11.04% | 9.63% |
| &nbsp;&nbsp;&nbsp;Seeks high total return by investing primarily in fixed income-securities of government and government-related issuers and, to a lesser extent, of corporate issuers in emerging market countries | Morgan Stanley Variable Insurance Fund, Inc. ("Morgan Stanley") Emerging Markets Debt Portfolio<br>*Adviser:* Morgan Stanley Investment Management Inc. | 1.10%\* | 15.33% | 2.70% | 4.51% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** | **Average Annual Total<br>Returns (as of 12/31/25)** |
| &nbsp;&nbsp;&nbsp;**Investment Objective** | **Fund & Adviser/Subadviser** | **Current<br>Expenses** | **1 year** | **5 year** | **10 year** |
| &nbsp;&nbsp;&nbsp;Seeks long-term capital appreciation by investing primarily in growth- oriented equity securities of issuers in emerging market countries | Morgan Stanley Emerging Markets Equity Portfolio<br>*Adviser:* Morgan Stanley Investment Management Inc. | 1.25%\* | 32.96% | 4.37% | 7.27% |
| &nbsp;&nbsp;&nbsp;Seeks total return | Morgan Stanley Global Strategist Portfolio<br>*Adviser:* Morgan Stanley Investment Management Inc. | 0.90%\* | 17.40% | 5.31% | 6.85% |
| &nbsp;&nbsp;&nbsp;Seeks maximum real return, consistent with prudent investment management | PIMCO Variable Insurance Trust ("VIT") CommodityRealReturn<sup>®</sup> Strategy Portfolio<br>*Adviser:* Pacific Investment Management Company LLC | 3.19%\* | 18.79% | 10.55% | 6.54% |
| &nbsp;&nbsp;&nbsp;Seeks maximum total return, consistent with preservation of capital and prudent investment management | PIMCO VIT Low Duration Portfolio<br>*Adviser:* Pacific Investment Management Company LLC | 0.66% | 5.52% | 1.57% | 1.79% |
| &nbsp;&nbsp;&nbsp;Seeks maximum real return, consistent with preservation of real capital and prudent investment management | PIMCO VIT Real Return Portfolio<br>*Adviser:* Pacific Investment Management Company LLC | 1.39% | 7.85% | 1.21% | 3.21% |
| &nbsp;&nbsp;&nbsp;Seeks maximum total return, consistent with preservation of capital and prudent investment management | PIMCO VIT Total Return Portfolio<br>*Adviser:* Pacific Investment Management Company LLC | 0.73% | 8.89% | 0.02% | 2.36% |
| &nbsp;&nbsp;&nbsp;Seeks high current income, consistent with preservation of capital, with capital appreciation as a secondary consideration | Templeton Global Bond VIP Fund<br>*Adviser:* Franklin Advisers, Inc. | 0.75%\* | 15.73% | -0.96% | -0.15% |

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Each Fidelity Subaccount invests in Initial Class shares of each Fund except for the Fidelity<sup>®</sup> VIP FundsManager<sup>®</sup> Portfolios, which invest in Investor Class shares of each Fund.

*\** *This Fund's current expenses reflect temporary fee reductions. See the Fund's prospectus for additional information.* 

*\*\** *This Fund is closed to new investments.* 

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**<u>APPENDIX B: Hypothetical Examples Applicable to Contracts with a Withdrawal Period</u>**

The below hypothetical examples illustrate the impact withdrawals can have on a Contract's Withdrawal Value, Annuity Income, and length of Withdrawal Period. These examples are intended to be read in conjunction with ***6(d). Contracts purchased with a Withdrawal Period*** of this Prospectus.

**<u>Assumptions</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Owner's Date of Birth = June 1, 1943

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Purchase Payment = $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Contract Date = June 1, 2000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) First Annuity Income Date = July 1, 2000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) Owner is invested in one Subaccount

**<u>I.</u> <u>Partial Withdrawal</u> *<u>On or Before the 5</u>****<u>th</u>****<u>Anniversary</u>* <u>of the First Annuity Income Date</u>** 

If the Owner withdraws part of the Withdrawal Value on or before the 5th anniversary of the Contract's first Annuity Income Date, then

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) the Withdrawal Value is reduced dollar for dollar by the amount of the partial withdrawal:

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Date** | **Activity** | **Withdrawal Value**<br> ***(after activity)*** | **Withdrawal Value**<br> ***(after activity)*** | **Withdrawal Value**<br> ***(after activity)*** |
| &nbsp;&nbsp;&nbsp;**Date** | **Activity** | **Part A** | **Part B** | **Total** |
| &nbsp;&nbsp;&nbsp;9/30/2002 |  | $69026.48 | $8776.06 | $77802.53 |
| &nbsp;&nbsp;&nbsp;10/1/2002 | Subaccount Net Investment Factor of 1.003564 | $69272.49 | $8807.33 | $78079.82 |
| &nbsp;&nbsp;&nbsp;10/1/2002 | Partial Withdrawal of $10,000 | $60400.49 | $7679.33 | $68079.82 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) All remaining variable annuity income is reduced, in the same ratio that the amount withdrawn bears to the
Withdrawal Value before the withdrawal:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Percentage reduction of Withdrawal Value = 12.807407%

[$10,000 / $78,079.82 = 12.807407%]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 10/1/2002 Variable Annuity Payment (*before* withdrawal) = $433.66

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. 10/1/2002 Variable Annuity Payment (*after* withdrawal) = $378.12

[$433.66 x 0.12807407 = $55.54 $433.66 – $55.54 = $378.12]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) The partial withdrawal has no impact on the length of the Withdrawal Period.

**<u>II.</u> <u>Partial Withdrawal</u> *<u>After the 5</u>****<u>th</u>****<u>Anniversary</u>* <u>of the First Annuity Income Date</u>** 

If the Owner makes a partial withdrawal after the 5th anniversary of the First Annuity Income Date, then

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) the Withdrawal Value is reduced dollar for dollar by the amount of the partial withdrawal:

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Date** | **Activity** | **Withdrawal Value**<br> ***(after activity)*** | **Withdrawal Value**<br> ***(after activity)*** | **Withdrawal Value**<br> ***(after activity)*** |
| &nbsp;&nbsp;&nbsp;**Date** | **Activity** | **Part A** | **Part B** | **Total** |
| &nbsp;&nbsp;&nbsp;9/30/2010 |  | $44681.27 |  | $44681.27 |
| &nbsp;&nbsp;&nbsp;10/1/2010 | Subaccount Net Investment Factor of 1.003564 | $44840.52 |  | $44840.52 |
| &nbsp;&nbsp;&nbsp;10/1/2010 | Partial Withdrawal of $10,000 | $34840.52 |  | $34840.52 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) All remaining variable annuity income is reduced. The value of the reduced variable annuity income plus the
amount of the withdrawal will be equivalent to the value of the variable annuity income just prior to the withdrawal. The Company determines equivalence using modified insurance industry mortality tables.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 10/1/2002 Variable Annuity Payment (*before* withdrawal) = $585.20

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 10/1/2002 Variable Annuity Payment (*after* withdrawal) = $421.96

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) The Withdrawal Period is reduced.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Withdrawal Period End Date (*before* withdrawal) = June 1, 2020

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Withdrawal Period End Date (*after* withdrawal) = July 1, 2018

**<u>III.</u> <u>Full Withdrawal</u> *<u>After the 5</u>****<u>th</u>****<u>Anniversary</u>* <u>of the First Annuity Income Date</u>** 

If the Owner withdraws all of the Withdrawal Value after the 5th anniversary of the First Annuity Income Date, then

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) There is no longer a Withdrawal Value

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Date** | **Activity** | **Withdrawal Value**<br> ***(after activity)*** | **Withdrawal Value**<br> ***(after activity)*** | **Withdrawal Value**<br> ***(after activity)*** |
| &nbsp;&nbsp;&nbsp;**Date** | **Activity** | **Part A** | **Part B** | **Total** |
| &nbsp;&nbsp;&nbsp;9/30/2010 |  | $44681.27 |  | $44681.27 |
| &nbsp;&nbsp;&nbsp;10/1/2010 | Subaccount Net Investment Factor of 1.003564 | $44840.52 |  | $44840.52 |
| &nbsp;&nbsp;&nbsp;10/1/2010 | Full Withdrawal of $44,840.52 | $0 |  | $0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) All remaining variable annuity income is reduced. The value of the reduced variable annuity income plus the
amount of the withdrawal will be equivalent to the value of the variable annuity income just prior to the withdrawal. The Company determines equivalence using modified insurance industry mortality tables.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 10/1/2002 Variable Annuity Payment (*before* withdrawal) = $585.20

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 10/1/2002 Variable Annuity Payment (*after* withdrawal) = $150.61

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) The Withdrawal Period ends.

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We have filed additional information about the Contract and the Variable Account with the Securities and Exchange Commission in a Statement of Additional Information ("SAI") dated April 30, 2026. The SAI is incorporated by reference in this prospectus and is available, without charge, upon request. To request the SAI, other information about the Contract, or to make investor inquiries, call us at 1-800-544-2442.

Reports and other information about the Variable Account are available on the Securities and Exchange Commission's website at http://www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

Edgar Contract Identifier: C000024024

EFIAL7-PRO-0426

1.756516.127 ------

##### [**Table of Contents**](#toc)
**INCOME ADVANTAGE** 

**STATEMENT OF ADDITIONAL INFORMATION** 

**April 30, 2026** 

This Statement of Additional Information supplements the information found in the current Prospectus for the variable annuity contracts ("Contracts") offered by Empire Fidelity Investments Life Insurance Company<sup>®</sup> ("EFILI" or the "Company") through Empire Fidelity Investments Variable Annuity Account A (the "Variable Account"). You may obtain a copy of the Prospectus dated April 30, 2026, without charge by calling 1-800-544-2442.

THIS STATEMENT OF ADDITIONAL INFORMATION IS NOT A PROSPECTUS.

---

| | |
|:---|:---|
| **Table of Contents** | **Table of Contents** |
|  | **PAGE** |
|  [General Information and History](#sai103432_1) | 2 |
|  [Non-Principal Risks of Investing in the Contract](#sai103432_2) | 2 |
|  [Withdrawal Value](#sai103432_3) | 2 |
|  [Safekeeping of Variable Account Assets](#sai103432_4) | 4 |
|  [Distribution of the Contracts](#sai103432_5) | 4 |
|  [Underwriting Commissions](#sai103432_6) | 4 |
|  [State Regulation](#sai103432_7) | 4 |
|  [Legal Matters](#sai103432_8) | 4 |
|  [Experts](#sai103432_9) | 5 |
|  [Financial Statements](#sai103432_10) | 5 |
|  Variable Account (enclosed) | Variable Account (enclosed) |
|  Empire Fidelity Investments Life Insurance Company (enclosed) |  |

---

EFIAL7-PTB-0426

1.756517.126 1

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##### [**Table of Contents**](#toc)
**<u>GENERAL INFORMATION AND HISTORY</u>**

**Empire Fidelity Investments Life Insurance Company ("EFILI")** 

EFILI is a stock life insurance company that was established in 1991 and exists in accordance with the laws, rules and regulations of the State of New York. EFILI issues life insurance and annuity products only in the State of New York. EFILI is part of Fidelity Investments, a group of companies that provides a variety of financial services and products. EFILI is a wholly-owned subsidiary of Fidelity Investments Life Insurance Company. Fidelity Investments Life Insurance Company is a wholly-owned subsidiary of FMR LLC, the parent company of the Fidelity Investments companies. Abigail P. Johnson, certain Johnson family members, and various key employees of FMR LLC own the voting common stock of FMR LLC.

**Empire Fidelity Investments Variable Annuity Account A (the "Variable Account")** 

The Variable Account is a separate investment account of EFILI established pursuant to New York law on July 15, 1991. It is registered with the Securities and Exchange Commission ("SEC") as a unit investment trust under the Investment Company Act of 1940 ("1940 Act"). It is also a separate account as defined under the federal securities laws.

**<u>NON-PRINCIPAL RISKS OF INVESTING IN THE CONTRACT</u>** 

**Considerations Regarding Cybersecurity** 

With the increased use of technologies such as the Internet to conduct business, our business, including our variable insurance business, is susceptible to operational, information security and related risks. In general, cyber incidents can result from deliberate attacks or unintentional events and may arise from external or internal sources. Cyber attacks include, but are not limited to, gaining unauthorized access to digital systems (e.g., through "hacking" or malicious software coding) for purposes of misappropriating assets or sensitive information; corrupting data, equipment or systems; or causing operational disruption. Cyber attacks may also be carried out in a manner that does not require gaining unauthorized access, such as causing denial-of-service attacks on websites (i.e., efforts to make network services unavailable to intended users). Cyber incidents affecting EFILI, the Funds, and any affiliated or unaffiliated vendors or service providers have the ability to cause disruptions and impact business operations, potentially resulting in financial losses, interference with our processing of policy transactions (including surrenders, withdrawals, annuity income payments, and insurance proceeds), our ability to calculate Accumulation Unit Values and Annuity Income Unit Values, destruction to equipment and systems, violations of applicable privacy and other laws, regulatory fines, penalties, reputational damage, reimbursement or other compensation costs, or additional compliance costs. In addition, substantial costs may be incurred in order to prevent any cyber incidents in the future. While EFILI has established business continuity plans in the event of, and risk management systems to prevent, such cyber incidents, there are inherent limitations in such plans and systems including the possibility that certain risks have not been identified.

Furthermore, EFILI cannot control the cyber security plans and systems put in place by its service providers or any other third parties whose operations may affect its business. A variable insurance product and its Owners, Annuitants, Insureds, and Beneficiaries could be negatively impacted as a result.

**<u>WITHDRAWAL VALUE</u>** 

If your Contract has a Withdrawal (Liquidity) Period, the following provisions are applicable. Note the below provisions only apply to the portion of your Contract allocated to variable annuity income. Withdrawals are not available for any allocations to fixed income.

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##### [**Table of Contents**](#toc)
The amount you can withdraw from this Contract at the close of a Valuation Period is called the Withdrawal Value. There are two parts to your Withdrawal Value, Part A and Part B. The sum of Part A and Part B equals your Withdrawal Value.

**Part A** 

Part A is based on the portion of your Purchase Payment that provides variable annuity income during the Withdrawal Period. On the Contract Date, Part A equals this portion of the Purchase Payment less any deductions made from this portion for state, federal or local taxes.

At the end of each subsequent Valuation Period, a new value for Part A is computed, as follows:

(1) Start with Part A at the close of the prior Valuation Period.

(2) With respect to each variable Subaccount to which your Contract is allocated, multiply (1) by the Net
Investment Factor for the applicable Subaccount. **See *Net Investment Factor* in the Glossary of the Prospectus.** Then add the values for each variable Subaccount together.

(3) If an Annuity Income Date occurs during the Valuation Period, subtract from (2) an amount equal to the
amount of the variable annuity income payment for that Annuity Income Date.

(4) Subtract from (3) an amount attributable to any withdrawals made during the Valuation Period. To determine
the amount subtracted, multiply the amount of the withdrawal by a fraction, the numerator of which is the value of Part A at the close of the current Valuation Period and the denominator of which is the sum of Part A and Part B at the close of the
current Valuation Period, without regard to the withdrawal during the Valuation Period.

Part A becomes zero at the end of your Withdrawal Period and remains zero thereafter.

**Part B** 

Part B is based on the remainder of your variable Purchase Payment and reflects the portion of your Purchase Payment that provides variable annuity income after the Withdrawal Period. On the Contract Date, Part B equals this portion of the Purchase Payment less any deductions made from this portion for state, federal or local taxes.

At the end of each subsequent Valuation Period, a new value for Part B is computed, as follows:

(1) Start with Part B at the close of the prior Valuation Period.

(2) With respect to each variable Subaccount to which your Contract is allocated, multiply (1) by the Net
Investment Factor for the applicable Subaccount. Then add the values for each variable Subaccount together.

(3) Subtract from (2) an amount attributable to any withdrawals made during the Valuation Period. To determine
the amount subtracted, multiply the amount of the withdrawal by a fraction, the numerator of which is the value of Part B at the close of the current Valuation Period and the denominator of which is the sum of Part A and Part B at the close of the
current Valuation Period, without regard to the withdrawal during the Valuation Period.

(4) Multiply (3) by a fraction, the numerator of which is the percentage factor at the end of the current
Valuation Period, and the denominator of which is the percentage factor at the end of the prior Valuation Period.

------

##### [**Table of Contents**](#toc)
The percentage factor is 100% until one year after your first Annuity Income Date. The percentage factor then declines daily at a rate of 25% each year, becoming zero on the fifth anniversary of your first Annuity Income Date and remaining at zero thereafter. Thus Part B becomes zero on the fifth anniversary of your first Annuity Income Date and remains zero thereafter.

**<u>SAFEKEEPING OF VARIABLE ACCOUNT ASSETS</u>** 

The assets of the Variable Account are held by EFILI. The assets of the Variable Account are held apart from our general account assets and any other separate accounts we may establish. We maintain records of all purchases and redemptions of the shares of the Funds held by the Subaccounts. We maintain fidelity bond coverage for the acts of our officers and employees.

**<u>DISTRIBUTION OF THE CONTRACTS</u>** 

As explained in the Prospectus, the Contracts are distributed through Fidelity Brokerage Services LLC ("FBS") and Fidelity Insurance Agency, Inc. ("FIA"). FBS is the principal underwriter. FIA is a wholly-owned, direct subsidiary of FMR LLC; and FBS and EFILI are wholly-owned, indirect subsidiaries of FMR LLC. The principal business address of FBS is 900 Salem Street, Smithfield, Rhode Island 02917. The Contracts are no longer sold, but were offered to the public on a continuing basis. You may continue to make exchanges among the Subaccounts.

**<u>UNDERWRITING COMMISSIONS</u>** 

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Year** | **Underwriting Commissions**<br> **Paid to FBS** | **Amount of Underwriting<br>Commissions Retained by FBS** |
| &nbsp;&nbsp;&nbsp; 2025 | $587000 | $587000 |
| &nbsp;&nbsp;&nbsp; 2024 | $867755 | $867755 |
| &nbsp;&nbsp;&nbsp; 2023 | $733472 | $733472 |

---

**<u>STATE REGULATION</u>** 

EFILI is subject to regulation by the Department of Insurance of the State of New York, which periodically examines our financial condition and operations. The Contract described in the Prospectus and Statement of Additional Information has been filed with and, where required, approved by, insurance officials in those jurisdictions where it is sold.

We are required to submit annual statements of our operations, including financial statements, to the insurance departments of the various jurisdictions where we do business to determine solvency and compliance with applicable insurance laws and regulations.

**<u>LEGAL MATTERS</u>** 

The legal validity of the Contracts described in the Prospectus and Statement of Additional Information has been passed on by Lance A. Warrick, General Counsel of Empire Fidelity Investments Life Insurance Company.

------

##### [**Table of Contents**](#toc)
**<u>EXPERTS</u>** 

The financial statements of the Company as of December 31, 2025 and 2024 and for each of the three years in the period ended December 31, 2025, and the financial statements of each of the subaccounts of Empire Fidelity Investments Variable Annuity Account A as of December 31, 2025 and for each of the periods indicated, included in this Statement of Additional Information constituting part of this Registration Statement, have been so included in reliance on the reports of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting. The principal business address for PricewaterhouseCoopers LLP is 101 Seaport Boulevard, Boston, Massachusetts 02210.

**<u>FINANCIAL STATEMENTS</u>** 

The financial statements of Empire Fidelity Investments Life Insurance Company included herein should be distinguished from the financial statements of the Variable Account and should be considered only as bearing upon our ability to meet our obligations under the Contracts.

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##### [**Table of Contents**](#toc)
![LOGO](g68041g22f01.jpg)

Empire Fidelity(R) Investments Variable Annuity Account A Annual Report December 31, 2021 Empire Fidelity Investments Life Insurance Company(R)

------

##### [**Table of Contents**](#toc)
 <br> *This report and the financial statements contained herein are submitted for the general information of Empire Fidelity Investments Life Insurance Company variable annuity owners. This report is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus. Neither Empire Fidelity Investments Life Insurance Company nor Fidelity Brokerage Services LLC is a bank, and neither the annuities nor mutual fund shares are backed or guaranteed by any bank or insured by the FDIC.*<br>

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP** – **<br>Government<br>Money<br>Market<br>Initial Class** | **VIP** –**<br>Government<br>Money Market<br>Investor Class** | **VIP** –**<br>High Income<br>Initial Class** | **VIP** –**<br>High Income<br>Investor Class** | **VIP** –**<br>Equity-Income<br>Initial Class** | **VIP** –**<br>Equity-Income<br>Investor Class** | **VIP** – **Growth<br>Initial Class** | **VIP** – **Growth<br>Investor Class** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $26166 | $258306 | $3606 | $27576 | $43572 | $73709 | $86448 | $105369 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI | 2 |  |  |  |  |  | 23 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $26168 | $258306 | $3606 | $27576 | $43572 | $73709 | $86471 | $105370 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI |  |  | 28 |  | 50 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $26168 | $258306 | $3578 | $27576 | $43522 | $73709 | $86471 | $105370 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $25943 | $— | $3043 | $— | $40542 | $— | $82690 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage | 225 |  | 535 |  | 2980 |  | 3781 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement |  | 256479 |  | 27576 |  | 73709 |  | 105370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  | 1827 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $26168 | $258306 | $3578 | $27576 | $43522 | $73709 | $86471 | $105370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 1098 |  | 42 |  | 165 |  | 159 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $23.62 | $— | $72.23 | $— | $244.92 | $— | $519.23 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 10 |  | 9 |  | 13 |  | 8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $22.39 | $— | $68.46 | $— | $232.12 | $— | $492.09 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 20327 |  | 1142 |  | 1419 |  | 975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $13.49 | $— | $34.02 | $— | $78.84 | $— | $158.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $11.83 | $— | $28.44 | $— | $47.75 | $— | $102.25 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 176 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $10.55 | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $9.97 | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **3** | ***Annual Report*** |

---

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##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP** –**<br>Overseas<br>Initial Class** | **VIP** –**<br>Overseas<br>Investor Class** | **VIP** –**<br>Investment<br>Grade Bond<br>Initial Class** | **VIP** –**<br>Investment<br>Grade Bond<br>Investor Class** | **VIP** –**<br>Asset Manager<br>50% Initial<br>Class<sup>(B)</sup>** | **VIP** –**<br>Asset Manager<br>50% Investor<br>Class<sup>(B)</sup>** | **VIP** –**<br>Index 500<br>Initial Class** | **VIP** –**<br>Asset Manager<br>70% Initial<br>Class<sup>(B)</sup>** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $8085 | $28208 | $8899 | $67756 | $19468 | $26059 | $599886 | $6395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI | 2 |  |  |  |  |  |  | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $8087 | $28208 | $8899 | $67756 | $19468 | $26059 | $599886 | $6398 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI |  |  | 57 |  | 66 |  | 140 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $8087 | $28208 | $8842 | $67756 | $19402 | $26059 | $599746 | $6398 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $7857 | $— | $7829 | $— | $18627 | $— | $71687 | $6178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage | 230 |  | 1013 |  | 775 |  | 3794 | 220 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement |  | 28208 |  | 67756 |  | 26059 | 524265 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $8087 | $28208 | $8842 | $67756 | $19402 | $26059 | $599746 | $6398 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 89 |  | 162 |  | 194 |  | 318 | 82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $88.41 | $— | $48.59 | $— | $96.17 | $— | $224.78 | $74.92 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 2 |  | 23 |  | 9 |  | 18 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $83.79 | $— | $46.05 | $— | $91.14 | $— | $213.03 | $71.00 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 914 |  | 4184 |  | 847 | 6538 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $41.88 | $— | $19.16 | $— | $40.21 | $112.03 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $30.79 | $— | $18.96 | $— | $33.34 | $76.90 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |

---

<sup>(B)</sup> Fund Name Change (Note 1)

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **4** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP** –**<br>Asset Manager<br>70% Investor<br>Class<sup>(B)</sup>** | **VIP** –**<br>Contrafund<br>Initial Class** | **VIP** –**<br>Contrafund<br>Investor Class** | **VIP** –**<br>Balanced<br>Initial Class** | **VIP** –**<br>Balanced<br>Investor Class** | **VIP** –**<br>Dynamic<br>Capital<br>Appreciation<br>Initial Class** | **VIP** –**<br>Dynamic<br>Capital<br>Appreciation<br>Investor Class** | **VIP** –**<br>Growth &<br>Income**<br>**Initial Class** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $18322 | $181889 | $336141 | $13037 | $348686 | $3984 | $19904 | $21846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI |  |  | 1 | 5 |  | 1 |  | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $18322 | $181889 | $336142 | $13042 | $348686 | $3985 | $19904 | $21865 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI |  | 115 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $18322 | $181774 | $336142 | $13042 | $348686 | $3985 | $19904 | $21865 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $— | $173261 | $— | $12194 | $— | $3810 | $— | $20282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage |  | 8513 |  | 848 |  | 175 |  | 1583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement | 18322 |  | 336142 |  | 293576 |  | 19904 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  |  |  | 55110 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $18322 | $181774 | $336142 | $13042 | $348686 | $3985 | $19904 | $21865 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 584 |  | 165 |  | 39 |  | 199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $296.85 | $— | $73.91 | $— | $97.65 | $— | $101.62 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 31 |  | 12 |  | 2 |  | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $281.33 | $— | $70.05 | $— | $93.37 | $— | $96.31 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 464 |  | 3931 |  | 5720 |  | 227 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $52.80 | $— | $125.46 | $— | $74.75 | $— | $132.62 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $39.67 | $— | $87.08 | $— | $54.25 | $— | $87.79 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  | 875 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $63.02 | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $37.02 | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  | 514 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $61.40 | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $36.00 | $— | $— | $— |

---

<sup>(B)</sup> Fund Name Change (Note 1)

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **5** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP** –**<br>Growth &<br>Income<br>Investor Class** | **VIP** –**<br>Growth<br>Opportunities<br>Initial Class** | **VIP** –**<br>Growth<br>Opportunities<br>Investor Class** | **VIP** –**<br>Mid Cap<br>Initial Class** | **VIP** –**<br>Mid Cap<br>Investor Class** | **VIP** –**<br>Value<br>Strategies<br>Initial Class** | **VIP** –**<br>Value<br>Strategies<br>Investor Class** | **VIP** –**<br>Utilities<br>Initial Class** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $45815 | $25912 | $126958 | $24150 | $59771 | $3977 | $16297 | $2261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI |  |  | 1 |  |  |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $45815 | $25912 | $126959 | $24150 | $59771 | $3977 | $16297 | $2262 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI |  | 333 |  | 52 |  | 3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $45815 | $25579 | $126959 | $24098 | $59771 | $3974 | $16297 | 2262 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $— | $23770 | $— | $21780 | $— | $3589 | $— | $2162 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage |  | 1809 |  | 2318 |  | 385 |  | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement | 45815 |  | 126959 |  | 59771 |  | 16297 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $45815 | $25579 | $126959 | $24098 | $59771 | $3974 | $16297 | $2262 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 166 |  | 233 |  | 61 |  | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $143.09 | $— | $93.62 | $— | $58.73 | $— | $59.03 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 16 |  | 27 |  | 7 |  | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $135.61 | $— | $88.89 | $— | $56.15 | $— | $56.19 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 638 |  | 902 |  | 1212 |  | 315 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $99.01 | $— | $238.74 | $— | $79.56 | $— | $105.53 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $67.35 | $— | $128.93 | $— | $57.00 | $— | $50.46 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **6** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Utilities<br>Investor Class** | **VIP –<br>Technology<br>Initial Class** | **VIP –<br>Technology<br>Investor Class** | **VIP –<br>Energy<br>Initial Class** | **VIP –<br>Energy<br>Investor Class** | **VIP –<br>Health Care<br>Initial Class** | **VIP –<br>Health Care<br>Investor Class** | **VIP –<br>Financials<br>Initial Class** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $24178 | $52203 | $218084 | $2315 | $11729 | $9638 | $48012 | $1325 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI |  | 66 |  |  |  | 4 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $24178 | $52269 | $218084 | $2315 | $11729 | $9642 | $48012 | $1326 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI |  |  |  | 6 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $24178 | $52269 | $218084 | $2309 | $11729 | $9642 | $48012 | $1326 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $— | $49967 | $— | $2274 | $— | $9275 | $— | $1259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage |  | 2302 |  | 35 |  | 367 |  | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement | 24178 |  | 218084 |  | 11729 |  | 48012 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $24178 | $52269 | $218084 | $2309 | $11729 | $9642 | $48012 | $1326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 278 |  | 55 |  | 109 |  | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $179.03 | $— | $41.42 | $— | $85.03 | $— | $39.45 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 13 |  | 1 |  | 4 |  | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $170.42 | $— | $39.43 | $— | $80.94 | $— | $37.56 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 427 |  | 1240 |  | 474 |  | 605 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $65.17 | $— | $374.12 | $— | $34.77 | $— | $112.25 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $63.97 | $— | $209.73 | $— | $26.12 | $— | $80.04 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **7** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Financials<br>Investor Class** | **VIP –<br>Industrials<br>Initial Class** | **VIP –<br>Industrials<br>Investor Class** | **VIP –<br>Consumer<br>Discretionary<br>Initial Class** | **VIP –<br>Consumer<br>Discretionary<br>Investor Class** | **VIP –<br>Real Estate<br>Initial Class** | **VIP –<br>Real Estate<br>Investor Class** | **VIP – Strategic<br>Income<br>Initial Class** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $26717 | $3183 | $32683 | $1884 | $23306 | $1748 | $11607 | $3807 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI |  |  |  | 2 |  | 1 | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $26717 | $3183 | $32683 | $1886 | $23306 | $1749 | $11608 | $3807 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI |  |  |  |  |  |  |  | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $26717 | $3183 | $32683 | $1886 | $23306 | $1749 | $11608 | $3800 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $— | $3099 | $— | $1728 | $— | $1649 | $— | $3241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage |  | 84 |  | 158 |  | 100 |  | 559 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement | 26717 |  | 32683 |  | 23306 |  | 11608 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $26717 | $3183 | $32683 | $1886 | $23306 | $1749 | $11608 | $3800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 27 |  | 24 |  | 37 |  | 126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $110.83 | $— | $74.08 | $— | $44.52 | $— | $25.77 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  | 2 |  | 3 |  | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $70.52 | $— | $42.57 | $— | $24.66 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 533 |  | 459 |  | 313 |  | 404 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $88.64 | $— | $116.08 | $— | $132.80 | $— | $65.20 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $35.31 | $— | $83.68 | $— | $73.46 | $— | $30.57 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **8** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Strategic<br>Income<br>Investor Class** | **VIP –<br>International<br>Capital<br>Appreciation<br>Initial Class** | **VIP –<br>International<br>Capital<br>Appreciation<br>Investor Class** | **VIP –<br>Value<br>Initial Class** | **VIP –<br>Value<br>Investor Class** | **VIP –<br>Freedom<br>Income<br>Initial Class** | **VIP –<br>Freedom<br>Income<br>Investor Class** | **VIP –<br>Freedom<br>2010<br>Initial Class** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $58206 | $2257 | $43119 | $1299 | $26220 | $1294 | $4215 | $382 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI |  |  |  | 2 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $58206 | $2257 | $43119 | $1301 | $26220 | $1294 | $4215 | $382 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI |  | 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $58206 | $2255 | $43119 | $1301 | $26220 | $1294 | $4215 | $382 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $— | $2156 | $— | $921 | $— | $1294 | $— | $382 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage |  | 99 |  | 380 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement | 58206 |  | 43119 |  | 26220 |  | 4215 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $58206 | $2255 | $43119 | $1301 | $26220 | $1294 | $4215 | $382 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 58 |  | 19 |  | 65 |  | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $37.71 | $— | $47.88 | $— | $19.98 | $— | $25.88 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 3 |  | 8 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $36.18 | $— | $45.94 | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 2776 |  | 1037 |  | 475 |  | 201 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $26.78 | $— | $78.90 | $— | $98.18 | $— | $22.47 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $25.90 | $— | $39.17 | $— | $50.73 | $— | $21.90 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **9** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Investor<br>Freedom<br>2010<br>Investor Class** | **VIP –<br>Freedom<br>2015<br>Initial Class** | **VIP –<br>Investor<br>Freedom<br>2015<br>Investor Class** | **VIP –<br>Freedom<br>2020<br>Initial Class** | **VIP –<br>Investor<br>Freedom<br>2020<br>Investor Class** | **VIP –<br>Freedom<br>2025<br>Initial Class** | **VIP –<br>Investor<br>Freedom<br>2025<br>Investor Class** | **VIP –<br>Freedom<br>2030<br>Initial Class** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $4715 | $772 | $8728 | $1165 | $13913 | $874 | $15547 | $1280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $4715 | $772 | $8728 | $1165 | $13913 | $874 | $15547 | $1280 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $4715 | $772 | $8728 | $1165 | $13913 | $874 | $15547 | $1280 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $— | $772 | $— | $1165 | $— | $874 | $— | $1280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement | 4715 |  | 8728 |  | 13913 |  | 15547 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $4715 | $772 | $8728 | $1165 | $13913 | $874 | $15547 | $1280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 27 |  | 37 |  | 25 |  | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $28.76 | $— | $31.15 | $— | $34.75 | $— | $37.17 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 160 |  | 294 |  | 423 |  | 421 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $33.66 | $— | $37.54 | $— | $43.49 | $— | $49.30 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $27.89 | $— | $30.84 | $— | $33.20 | $— | $36.84 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **10** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Investor<br>Freedom<br>2030<br>Investor Class** | **VIP –<br>Freedom<br>2035<br>Initial Class** | **VIP –<br>Investor<br>Freedom<br>2035<br>Investor Class** | **VIP –<br>Freedom<br>2040<br>Initial Class** | **VIP –<br>Investor<br>Freedom<br>2040<br>Investor Class** | **VIP –<br>Freedom<br>2045<br>Initial Class** | **VIP –<br>Investor<br>Freedom<br>2045<br>Investor Class** | **VIP –<br>Freedom<br>2050<br>Initial Class** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $25466 | $57 | $900 | $588 | $1879 | $69 | $23 | $1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $25466 | $57 | $900 | $588 | $1879 | $69 | $23 | $1 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $25466 | $57 | $900 | $588 | $1879 | $69 | $23 | $1 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $— | $57 | $— | $588 | $— | $69 | $— | $1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement | 25466 |  | 900 |  | 1879 |  | 23 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $25466 | $57 | $900 | $588 | $1879 | $69 | $23 | $1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 3 |  | 41 |  | 5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $13.82 | $— | $14.49 | $— | $14.76 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 636 |  | 64 |  | 128 |  | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $55.44 | $— | $14.06 | $— | $14.74 | $— | $15.00 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $39.24 | $— | $14.01 | $— | $14.68 | $— | $14.94 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **11** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Investor<br>Freedom<br>2050<br>Investor Class** | **VIP –<br>Freedom<br>Lifetime<br>Income I** | **VIP –<br>Freedom<br>Lifetime<br>Income II** | **VIP –<br>Freedom<br>Lifetime<br>Income III** | **VIP –<br>Disciplined<br>Small Cap<br>Initial Class** | **VIP –<br>Disciplined<br>Small Cap<br>Investor Class** | **VIP –<br>FundsManager<br>20%<br>Investor Class** | **VIP –<br>FundsManager<br>30%<br>Investor Class** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $318 | $926 | $879 | $2441 | $1446 | $30190 | $49966 | $869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI |  | 4 | 4 | 4 | 1 |  | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $318 | $930 | $883 | $2445 | $1447 | $30190 | $49967 | $869 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $318 | $930 | $883 | $2445 | $1447 | $30190 | $49967 | $869 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $— | $— | $— | $— | $1401 | $— | $2404 | $106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage |  |  |  |  | 46 |  | 343 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement | 318 |  |  |  |  | 30190 | 46784 | 763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  | 930 | 883 | 2445 |  |  | 436 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $318 | $930 | $883 | $2445 | $1447 | $30190 | $49967 | $869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  | 35 |  | 129 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $39.53 | $— | $18.53 | $12.16 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  | 1 |  | 20 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $37.99 | $— | $17.81 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 21 |  |  |  |  | 588 | 2367 | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $15.00 | $— | $— | $— | $— | $80.47 | $21.42 | $12.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $14.94 | $— | $— | $— | $— | $43.38 | $20.66 | $12.34 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 42 | 32 | 73 |  |  | 25 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $22.20 | $26.72 | $33.15 | $— | $— | $17.60 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **12** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP** – **<br>FundsManager<br>40%<br>Investor Class** | **VIP** – **<br>FundsManager<br>50%<br>Investor Class** | **VIP** – **<br>FundsManager<br>60%<br>Investor Class** | **VIP** – **<br>FundsManager<br>70%<br>Investor Class** | **VIP** – **<br>FundsManager<br>85%<br>Investor Class** | **VIP** – **<br>Consumer<br>Staples<br>Initial Class** | **VIP –<br>Consumer<br>Staples<br>Investor Class** | **VIP – Materials<br>Initial Class** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $2308 | $134465 | $176697 | $193095 | $93919 | $685 | $13015 | $666 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI |  | 24 |  | 6 |  |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $2308 | $134489 | $176697 | $193101 | $93919 | $685 | $13015 | $667 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI | 1 |  | 77 |  | 4 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $2307 | $134489 | $176620 | $193101 | $93915 | $685 | $13015 | $667 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $196 | $7994 | $3578 | $3471 | $724 | $684 | $— | $652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage |  | 2334 | 765 | 798 | 417 | 1 |  | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement | 2111 | 120292 | 121608 | 187089 | 92774 |  | 13015 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  | 3869 | 7555 | 1743 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  | 43114 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $2307 | $134489 | $176620 | $193101 | $93915 | $685 | $13015 | $667 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 16 | 300 | 130 | 108 | 20 | 19 |  | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $12.54 | $26.67 | $27.44 | $32.21 | $36.36 | $35.76 | $— | $30.83 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 91 | 33 | 26 | 11 |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $25.63 | $26.48 | $30.96 | $34.94 | $— | $— | $29.69 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 166 | 4039 | 3829 | 5038 | 2149 |  | 342 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $12.73 | $37.15 | $44.49 | $51.51 | $64.68 | $— | $48.90 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $12.73 | $29.74 | $30.26 | $35.91 | $40.54 | $— | $39.07 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 152 | 265 | 56 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $25.34 | $28.43 | $30.68 | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  | 1189 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $37.51 | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $25.58 | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  | 291 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $36.55 | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $24.87 | $— | $— | $— | $— | $— |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **13** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Materials<br>Investor Class** | **VIP –<br>Communication<br>Services<br>Initial Class** | **VIP –<br>Communication<br>Services<br>Investor Class** | **VIP –<br>Hedged Equity<br>Investor Class<sup>(C)</sup>** | **VIP –<br>Emerging<br>Markets<br>Initial Class** | **VIP –<br>Emerging<br>Markets<br>Investor Class** | **VIP –<br>Floating Rate<br>High Income<br>Initial Class** | **VIP –<br>Floating Rate<br>High Income<br>Investor Class** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $4650 | $4173 | $27669 | $276 | $899 | $22496 | $1722 | $27855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI |  | 6 |  |  | 1 |  | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $4650 | $4179 | $27669 | $276 | $900 | $22496 | $1724 | $27855 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $4650 | $4179 | $27669 | $276 | $900 | $22496 | $1724 | $27855 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $— | $3162 | $— | $— | $886 | $— | $1667 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage |  | 1017 |  |  | 14 |  | 57 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement | 4650 |  | 27669 | 276 |  | 22496 |  | 27855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $4650 | $4179 | $27669 | $276 | $900 | $22496 | $1724 | $27855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 61 |  |  | 46 |  | 108 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $51.45 | $— | $— | $19.35 | $— | $15.37 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  | 20 |  |  | 1 |  | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $49.55 | $— | $— | $18.67 | $— | $15.01 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 138 |  | 406 | 24 |  | 866 |  | 1687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $68.22 | $— | $136.32 | $11.74 | $— | $56.12 | $— | $16.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $33.65 | $— | $56.20 | $11.73 | $— | $21.04 | $— | $16.33 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |

---

<sup>(C)</sup> New Fund (Note 1)

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **14** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Bond Index<br>Initial Class** | **VIP – Total<br>Market Index<br>Initial Class** | **VIP – Extended<br>Market Index<br>Initial Class** | **VIP –<br>International<br>Index<br>Initial Class** | **VIF –**<br>**Emerging<br>Markets<br>Equity<br>Portfolio –<br>Class I** | **VIF –<br>Emerging<br>Markets<br>Debt<br>Portfolio –<br>Class I** | **VIF –<br>Global<br>Strategist –<br>Class II** | **Lazard –**<br>**Retirement<br>Emerging<br>Markets<br>Portfolio –<br>Investor** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $40165 | $76201 | $9658 | $31381 | $5845 | $8011 | $3689 | $8469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI |  |  |  |  |  |  | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $40165 | $76201 | $9658 | $31381 | $5845 | $8011 | $3690 | $8469 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI | 45 | 49 |  | 28 | 6 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $40120 | $76152 | $9658 | $31353 | $5839 | $8011 | $3690 | $8469 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $1793 | $1489 | $362 | $852 | $1426 | $842 | $368 | $1503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage | 14 | 35 |  |  | 79 | 68 | 84 | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement | 38313 | 74628 | 9296 | 30501 | 4334 | 7101 | 3238 | 6931 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $40120 | $76152 | $9658 | $31353 | $5839 | $8011 | $3690 | $8469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 165 | 60 | 21 | 53 | 34 | 20 | 13 | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $10.87 | $24.74 | $17.13 | $16.10 | $42.92 | $42.88 | $27.49 | $25.98 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 5 | 4 |  | 2 | 2 | 2 | 3 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $10.71 | $24.36 | $— | $15.86 | $40.67 | $40.64 | $26.05 | $24.97 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 3355 | 2874 | 516 | 1806 | 220 | 354 | 127 | 280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $11.47 | $26.09 | $18.07 | $16.98 | $38.00 | $27.69 | $37.29 | $45.67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $11.34 | $25.79 | $17.86 | $16.79 | $21.95 | $24.40 | $21.90 | $28.97 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **15** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **Invesco – VI<br>Global Core<br>Equity Series I** | **Allspring – VT<br>Discovery<br>SMID Cap<br>Growth<br>Class 2** | **Allspring – VT<br>Opportunity<br>Class 2** | **PVIT –<br>Commodity<br>Real Return<br>Portfolio –<br>Administrative** | **PVIT – Low<br>Duration<br>Portfolio –<br>Administrative** | **PVIT – Real<br>Return<br>Portfolio –<br>Administrative** | **PVIT – Total<br>Return<br>Portfolio –<br>Administrative** | **Blackrock –<br>Global<br>Allocation V.I.<br>Fund – Class I** |
|  **Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $7067 | $3498 | $1498 | $7735 | $31778 | $13273 | $29781 | $29764 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI |  | 1 |  |  |  |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $7067 | $3499 | $1498 | $7735 | $31778 | $13273 | $29781 | $29765 |
|  **Liabilities:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI | 22 |  | 46 |  |  | 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $7045 | $3499 | $1452 | $7735 | $31778 | $13272 | $29781 | $29765 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $338 | $3377 | $1336 | $10 | $2200 | $698 | $987 | $421 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage | 52 | 122 | 116 |  | 18 | 17 | 3 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement | 6655 |  |  | 7725 | 29560 | 12557 | 28791 | 29333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $7045 | $3499 | $1452 | $7735 | $31778 | $13272 | $29781 | $29765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 9 | 41 | 13 | 1 | 181 | 46 | 70 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $37.17 | $83.03 | $99.84 | $8.91 | $12.12 | $14.83 | $14.16 | $21.61 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 2 | 2 | 2 |  | 2 | 1 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $35.23 | $78.69 | $94.62 | $— | $11.73 | $14.35 | $— | $21.02 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 213 |  |  | 790 | 2275 | 813 | 1922 | 1243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $40.39 | $— | $— | $9.82 | $13.27 | $16.22 | $15.49 | $23.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $25.18 | $— | $— | $9.62 | $13.25 | $16.21 | $15.48 | $23.32 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— | $— | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— | $— | $— | $— | $— | $— | $— |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **16** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Assets and Liabilities - continued** 

December 31, 2025

---

| | | |
|:---|:---|:---|
| **(In thousands, except per unit data)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **FTVIP –<br>Templeton<br>Global Bond<br>Fund – Class 2** | **FTVIP –<br>Franklin U.S.<br>Government<br>Securities<br>Fund –**<br>**Class 2** |
|  **Assets:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments at market value | $4069 | $3761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Receivable from EFILI |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $4069 | $3762 |
|  **Liabilities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payable to EFILI |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $4069 | $3762 |
|  **Net Assets:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves | $154 | $257 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement | 3915 | 3505 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total net assets | $4069 | $3762 |
| &nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding and Unit Value: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Retirement Reserves: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 17 | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $9.43 | $10.35 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Income Advantage: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Personal Retirement: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding | 380 | 309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $10.39 | $11.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $10.18 | $11.17 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Freedom Lifetime Income: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unit Value | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Single Annuitant): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity Growth and Guaranteed Income (Joint Annuitant): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Units Outstanding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highest Value | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lowest Value | $— | $— |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **17** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations** 

For the year ended December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP** –**<br>Government<br>Money<br>Market<br>Initial Class** | **VIP** –**<br>Government<br>Money Market<br>Investor Class** | **VIP** –**<br>High Income<br>Initial Class** | **VIP** –**<br>High Income<br>Investor Class** | **VIP** –**<br>Equity-Income<br>Initial Class** | **VIP** –**<br>Equity-Income<br>Investor Class** | **VIP** – **Growth<br>Initial Class** | **VIP** – **Growth<br>Investor Class** |
|  **Income:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $1017 | $10314 | $229 | $1739 | $753 | $1204 | $240 | $227 |
|  **Expenses:** |  |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 188 |  | 23 |  | 297 |  | 610 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 13 |  | 2 |  | 20 |  | 41 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 201 |  | 25 |  | 317 |  | 651 |  |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 2 |  | 4 |  | 22 |  | 28 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 1 |  | 1 |  | 7 |  | 9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 3 |  | 5 |  | 29 |  | 37 |  |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 303 |  | 30 |  | 75 |  | 109 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 127 |  | 14 |  | 35 |  | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 430 |  | 44 |  | 110 |  | 161 |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 20 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 5 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 25 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 204 | 455 | 30 | 44 | 346 | 110 | 688 | 161 |
|  **Net investment income (loss)** | 813 | 9859 | 199 | 1695 | 407 | 1094 | (448) | 66 |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares |  |  | (330) | (254) | 748 | 1596 | 4659 | 2929 |
|  Realized gain distributions |  |  |  |  | 2335 | 3827 | 10722 | 13151 |
|  Net realized gain (loss) on investments |  |  | (330) | (254) | 3083 | 5423 | 15381 | 16080 |
|  Unrealized appreciation (depreciation) |  |  | 452 | 1111 | 3576 | 5147 | (3793) | (2087) |
|  **Net increase (decrease) in net assets from operations** | $813 | $9859 | $321 | $2552 | $7066 | $11664 | $11140 | $14059 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **18** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP** –**<br>Overseas<br>Initial Class** | **VIP** –**<br>Overseas<br>Investor Class** | **VIP** –**<br>Investment<br>Grade Bond<br>Initial Class** | **VIP** –**<br>Investment<br>Grade Bond<br>Investor Class** | **VIP** –**<br>Asset Manager<br>50% Initial<br>Class** | **VIP** –**<br>Asset Manager<br>50% Investor<br>Class** | **VIP** –**<br>Index 500<br>Initial Class** | **VIP** –**<br>Asset Manager<br>70% Initial<br>Class<sup>(B)</sup>** |
|  **Income:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $126 | $416 | $316 | $2334 | $470 | $627 | $6483 | $111 |
|  **Expenses:** |  |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 59 |  | 60 |  | 142 |  | 508 | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 4 |  | 4 |  | 9 |  | 34 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 63 |  | 64 |  | 151 |  | 542 | 48 |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 2 |  | 8 |  | 6 |  | 29 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 1 |  | 3 |  | 2 |  | 10 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 3 |  | 11 |  | 8 |  | 39 | 3 |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 27 |  | 69 |  | 28 | 517 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 13 |  | 32 |  | 13 | 245 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 40 |  | 101 |  | 41 | 762 |  |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 66 | 40 | 75 | 101 | 159 | 41 | 1343 | 51 |
|  **Net investment income (loss)** | 60 | 376 | 241 | 2233 | 311 | 586 | 5140 | 60 |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares | 192 | 835 | (244) | (560) | 103 | 211 | 46592 | 188 |
|  Realized gain distributions | 700 | 2401 |  |  | 901 | 1064 | 2915 | 203 |
|  Net realized gain (loss) on investments | 892 | 3236 | (244) | (560) | 1004 | 1275 | 49507 | 391 |
|  Unrealized appreciation (depreciation) | 383 | 785 | 557 | 2689 | 1279 | 1473 | 36885 | 544 |
|  **Net increase (decrease) in net assets from operations** | $1335 | $4397 | $554 | $4362 | $2594 | $3334 | $91532 | $995 |

---

<sup>(B)</sup> Fund Name Change (Note 1)

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **19** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP** –**<br>Asset Manager<br>70% Investor<br>Class<sup>(B)</sup>** | **VIP** –**<br>Contrafund<br>Initial Class** | **VIP** –**<br>Contrafund<br>Investor Class** | **VIP** –**<br>Balanced<br>Initial Class** | **VIP** –**<br>Balanced<br>Investor Class** | **VIP** –**<br>Dynamic<br>Capital<br>Appreciation<br>Initial Class** | **VIP** –**<br>Dynamic<br>Capital<br>Appreciation<br>Investor Class** | **VIP** –**<br>Growth &<br>Income<br>Initial Class** |
|  **Income:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $322 | $238 | $299 | $221 | $5554 | $22 | $93 | $319 |
|  **Expenses:** |  |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 1224 |  | 92 |  | 26 |  | 140 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 82 |  | 6 |  | 2 |  | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 1306 |  | 98 |  | 28 |  | 149 |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 62 |  | 8 |  | 1 |  | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 21 |  | 3 |  |  |  | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 83 |  | 11 |  | 1 |  | 15 |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 20 |  | 331 |  | 374 |  | 21 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 8 |  | 154 |  | 137 |  | 9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 28 |  | 485 |  | 511 |  | 30 |  |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  | 500 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  | 134 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  | 634 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 28 | 1389 | 485 | 109 | 1145 | 29 | 30 | 164 |
|  **Net investment income (loss)** | 294 | (1151) | (186) | 112 | 4409 | (7) | 63 | 155 |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares | 265 | 9811 | 17362 | 792 | 11999 | 108 | 788 | 703 |
|  Realized gain distributions | 435 | 27378 | 50575 | 700 | 16611 | 654 | 3358 | 1920 |
|  Net realized gain (loss) on investments | 700 | 37189 | 67937 | 1492 | 28610 | 762 | 4146 | 2623 |
|  Unrealized appreciation (depreciation) | 1364 | (4170) | (8446) | 76 | 11974 | (136) | (975) | 1004 |
|  **Net increase (decrease) in net assets from operations** | $2358 | $31868 | $59305 | $1680 | $44993 | $619 | $3234 | $3782 |

---

<sup>(B)</sup> Fund Name Change (Note 1)

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **20** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Growth &<br>Income<br>Investor Class** | **VIP –<br>Growth<br>Opportunities<br>Initial Class** | **VIP –<br>Growth<br>Opportunities<br>Investor Class** | **VIP –<br>Mid Cap<br>Initial Class** | **VIP –<br>Mid Cap<br>Investor Class** | **VIP –<br>Value<br>Strategies<br>Initial Class** | **VIP –<br>Value<br>Strategies<br>Investor Class** | **VIP –<br>Utilities<br>Initial Class** |
|  **Income:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $638 | $— | $— | $100 | $209 | $42 | $157 | $41 |
|  **Expenses:** |  |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 164 |  | 158 |  | 25 |  | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 11 |  | 11 |  | 2 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 175 |  | 169 |  | 27 |  | 18 |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 15 |  | 18 |  | 3 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 5 |  | 6 |  | 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 20 |  | 24 |  | 4 |  | 1 |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 45 |  | 116 |  | 62 |  | 16 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 20 |  | 56 |  | 29 |  | 8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 65 |  | 172 |  | 91 |  | 24 |  |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 65 | 195 | 172 | 193 | 91 | 31 | 24 | 19 |
|  **Net investment income (loss)** | 573 | (195) | (172) | (93) | 118 | 11 | 133 | 22 |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares | 1900 | 1728 | 5158 | 138 | 253 | (23) | (258) | 98 |
|  Realized gain distributions | 3975 | 380 | 1746 | 2649 | 6651 | 157 | 684 | 96 |
|  Net realized gain (loss) on investments | 5875 | 2108 | 6904 | 2787 | 6904 | 134 | 426 | 194 |
|  Unrealized appreciation (depreciation) | 1620 | 2597 | 15378 | (378) | (764) | 108 | 549 | 72 |
|  **Net increase (decrease) in net assets from operations** | $8068 | $4510 | $22110 | $2316 | $6258 | $253 | $1108 | $288 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **21** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Utilities<br>Investor Class** | **VIP –<br>Technology<br>Initial Class** | **VIP –<br>Technology<br>Investor Class** | **VIP –<br>Energy<br>Initial Class** | **VIP –<br>Energy<br>Investor Class** | **VIP –<br>Health Care<br>Initial Class** | **VIP –<br>Health Care<br>Investor Class** | **VIP –<br>Financials**<br>**Initial Class** |
|  **Income:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $409 | $— | $— | $54 | $256 | $36 | $141 | $24 |
|  **Expenses:** |  |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 340 |  | 19 |  | 66 |  | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 23 |  | 1 |  | 4 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 363 |  | 20 |  | 70 |  | 11 |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 15 |  |  |  | 3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 5 |  |  |  | 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 20 |  |  |  | 4 |  |  |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 25 |  | 182 |  | 14 |  | 53 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 11 |  | 96 |  | 6 |  | 23 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 36 |  | 278 |  | 20 |  | 76 |  |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 36 | 383 | 278 | 20 | 20 | 74 | 76 | 11 |
|  **Net investment income (loss)** | 373 | (383) | (278) | 34 | 236 | (38) | 65 | 13 |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares | 1595 | 3341 | 12349 | (121) | (54) | 99 | 13 | 145 |
|  Realized gain distributions | 943 | 3523 | 14338 |  |  | 674 | 3558 | 65 |
|  Net realized gain (loss) on investments | 2538 | 6864 | 26687 | (121) | (54) | 773 | 3571 | 210 |
|  Unrealized appreciation (depreciation) | 159 | 2858 | 12855 | 278 | 1066 | 411 | 1921 | 1 |
|  **Net increase (decrease) in net assets from operations** | $3070 | $9339 | $39264 | $191 | $1248 | $1146 | $5557 | $224 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **22** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Financials**<br>**Investor Class** | **VIP –<br>Industrials<br>Initial Class** | **VIP –<br>Industrials<br>Investor Class** | **VIP –<br>Consumer<br>Discretionary<br>Initial Class** | **VIP –<br>Consumer<br>Discretionary<br>Investor Class** | **VIP –<br>Real Estate<br>Initial Class** | **VIP –<br>Real Estate<br>Investor Class** | **VIP – Strategic<br>Income<br>Initial Class** |
|  **Income:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $429 | $3 | $14 | $1 | $15 | $37 | $241 | $137 |
|  **Expenses:** |  |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 22 |  | 13 |  | 14 |  | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 1 |  | 1 |  | 1 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 23 |  | 14 |  | 15 |  | 23 |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 1 |  | 1 |  | 1 |  | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 1 |  | 1 |  | 1 |  | 5 |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 25 |  | 25 |  | 20 |  | 14 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 14 |  | 13 |  | 11 |  | 6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 39 |  | 38 |  | 31 |  | 20 |  |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 39 | 24 | 38 | 15 | 31 | 16 | 20 | 28 |
|  **Net investment income (loss)** | 390 | (21) | (24) | (14) | (16) | 21 | 221 | 109 |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares | 1804 | 155 | 793 | 139 | 1030 | (111) | (482) | (12) |
|  Realized gain distributions | 1095 | 94 | 759 | 211 | 2486 | 1 | 5 |  |
|  Net realized gain (loss) on investments | 2899 | 249 | 1552 | 350 | 3516 | (110) | (477) | (12) |
|  Unrealized appreciation (depreciation) | 231 | 377 | 4189 | (230) | (2119) | 122 | 650 | 175 |
|  **Net increase (decrease) in net assets from operations** | $3520 | $605 | $5717 | $106 | $1381 | $33 | $394 | $272 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **23** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Strategic<br>Income<br>Investor Class** | **VIP –<br>International<br>Capital<br>Appreciation<br>Initial Class** | **VIP –<br>International<br>Capital<br>Appreciation<br>Investor Class** | **VIP –<br>Value<br>Initial Class** | **VIP –<br>Value<br>Investor Class** | **VIP –<br>Freedom<br>Income**<br>**Initial Class** | **VIP –<br>Investor<br>Freedom<br>Income**<br>**Investor Class** | **VIP –<br>Freedom<br>2010<br>Initial Class** |
|  **Income:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $2153 | $21 | $383 | $17 | $326 | $43 | $145 | $12 |
|  **Expenses:** |  |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 15 |  | 10 |  | 10 |  | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 1 |  | 1 |  | 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 16 |  | 11 |  | 11 |  | 3 |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 1 |  | 3 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  | 1 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 1 |  | 4 |  |  |  |  |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 61 |  | 38 |  | 29 |  | 8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 28 |  | 21 |  | 13 |  | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 89 |  | 59 |  | 42 |  | 11 |  |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 89 | 17 | 59 | 15 | 42 | 11 | 11 | 3 |
|  **Net investment income (loss)** | 2064 | 4 | 324 | 2 | 284 | 32 | 134 | 9 |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares | (23) | 105 | 2109 | (8) | 101 | 8 | 50 | (2) |
|  Realized gain distributions |  | 10 | 186 | 133 | 2017 |  | 2 | 4 |
|  Net realized gain (loss) on investments | (23) | 115 | 2295 | 125 | 2118 | 8 | 52 | 2 |
|  Unrealized appreciation (depreciation) | 2597 | 210 | 3656 | (2) | 179 | 71 | 227 | 21 |
|  **Net increase (decrease) in net assets from operations** | $4638 | $329 | $6275 | $125 | $2581 | $111 | $413 | $32 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **24** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Investor<br>Freedom<br>2010<br>Investor Class** | **VIP –<br>Freedom<br>2015<br>Initial Class** | **VIP –<br>Investor<br>Freedom<br>2015<br>Investor Class** | **VIP –<br>Freedom<br>2020<br>Initial Class** | **VIP –<br>Investor<br>Freedom<br>2020<br>Investor Class** | **VIP –<br>Freedom<br>2025<br>Initial Class** | **VIP –<br>Investor<br>Freedom<br>2025<br>Investor Class** | **VIP –<br>Freedom<br>2030<br>Initial Class** |
|  **Income:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $153 | $23 | $258 | $31 | $374 | $34 | $387 | $30 |
|  **Expenses:** |  |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 6 |  | 8 |  | 10 |  | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  | 1 |  | 1 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 6 |  | 9 |  | 11 |  | 12 |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 8 |  | 13 |  | 24 |  | 26 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 2 |  | 4 |  | 6 |  | 7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 10 |  | 17 |  | 30 |  | 33 |  |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 10 | 6 | 17 | 9 | 30 | 11 | 33 | 12 |
|  **Net investment income (loss)** | 143 | 17 | 241 | 22 | 344 | 23 | 354 | 18 |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares | 26 | (9) | 2 | 4 | 221 | 127 | 136 | 79 |
|  Realized gain distributions | 10 | 34 | 286 | 58 | 785 | 47 | 985 | 63 |
|  Net realized gain (loss) on investments | 36 | 25 | 288 | 62 | 1006 | 174 | 1121 | 142 |
|  Unrealized appreciation (depreciation) | 279 | 43 | 429 | 47 | 393 | (26) | 532 | 40 |
|  **Net increase (decrease) in net assets from operations** | $458 | $85 | $958 | $131 | $1743 | $171 | $2007 | $200 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **25** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Investor<br>Freedom<br>2030<br>Investor Class** | **VIP –<br>Freedom<br>2035**<br>**Initial Class** | **VIP –<br>Investor<br>Freedom<br>2035**<br>**Investor Class** | **VIP –<br>Freedom<br>2040**<br>**Initial Class** | **VIP –<br>Investor<br>Freedom<br>2040**<br>**Investor Class** | **VIP –<br>Freedom<br>2045**<br>**Initial Class** | **VIP –<br>Investor<br>Freedom<br>2045**<br>**Investor Class** | **VIP –<br>Freedom<br>2050<br>Initial Class** |
|  **Income:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $594 | $1 | $18 | $10 | $29 | $1 | $— | $— |
|  **Expenses:** |  |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  | 4 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  | 4 |  |  |  |  |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 41 |  | 1 |  | 2 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 11 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 52 |  | 1 |  | 2 |  |  |  |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 52 |  | 1 | 4 | 2 |  |  |  |
|  **Net investment income (loss)** | 542 | 1 | 17 | 6 | 27 | 1 |  |  |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares | 391 | 2 | (32) | 1 | 62 | 2 | 16 | (1) |
|  Realized gain distributions | 1038 | 2 | 49 | 35 | 75 | 3 | 1 | 1 |
|  Net realized gain (loss) on investments | 1429 | 4 | 17 | 36 | 137 | 5 | 17 |  |
|  Unrealized appreciation (depreciation) | 1422 | 2 | 35 | 40 | 60 | 3 | 2 |  |
|  **Net increase (decrease) in net assets from operations** | $3393 | $7 | $69 | $82 | $224 | $9 | $19 | $— |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **26** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Investor<br>Freedom<br>2050<br>Investor Class** | **VIP –<br>Freedom<br>Lifetime<br>Income I** | **VIP –<br>Freedom<br>Lifetime<br>Income II** | **VIP –<br>Freedom<br>Lifetime<br>Income III** | **VIP –<br>Disciplined<br>Small Cap<br>Initial Class** | **VIP –<br>Disciplined<br>Small Cap<br>Investor Class** | **VIP –<br>FundsManager<br>20%<br>Investor Class** | **VIP –<br>FundsManager<br>30%<br>Investor Class** |
|  **Income:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $4 | $31 | $28 | $64 | $12 | $234 | $1786 | $23 |
|  **Expenses:** |  |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  | 9 |  | 19 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  | 1 |  | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  | 10 |  | 20 |  |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  | 4 |  |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 1 |  |  |  |  | 31 | 68 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  | 15 | 24 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 1 |  |  |  |  | 46 | 92 | 1 |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 5 | 4 | 12 |  |  | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 1 | 1 | 2 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 6 | 5 | 14 |  |  | 2 |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 1 | 6 | 5 | 14 | 10 | 46 | 118 | 1 |
|  **Net investment income (loss)** | 3 | 25 | 23 | 50 | 2 | 188 | 1668 | 22 |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares | 24 | (3) | 3 | 21 | 19 | 1005 | (84) |  |
|  Realized gain distributions | 18 |  | 20 | 106 | 111 | 2416 |  | 5 |
|  Net realized gain (loss) on investments | 42 | (3) | 23 | 127 | 130 | 3421 | (84) | 5 |
|  Unrealized appreciation (depreciation) | 24 | 57 | 37 | 111 | 41 | 883 | 2653 | 30 |
|  **Net increase (decrease) in net assets from operations** | $69 | $79 | $83 | $288 | $173 | $4492 | $4237 | $57 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **27** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>FundsManager<br>40%**<br>**Investor Class** | **VIP –<br>FundsManager<br>50%<br>Investor Class** | **VIP –<br>FundsManager<br>60%<br>Investor Class** | **VIP –<br>FundsManager<br>70%<br>Investor Class** | **VIP –<br>FundsManager<br>85%<br>Investor Class** | **VIP –<br>Consumer<br>Staples<br>Initial Class** | **VIP –<br>Consumer<br>Staples<br>Investor Class** | **VIP –<br>Materials<br>Initial<br>Class** |
|  **Income:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $49 | $3456 | $3760 | $3415 | $1242 | $14 | $258 | $8 |
|  **Expenses:** |  |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 60 | 26 | 26 | 8 | 6 |  | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 4 | 2 | 2 | 1 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 64 | 28 | 28 | 9 | 6 |  | 6 |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 17 | 6 | 6 | 3 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 6 | 2 | 2 | 1 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 23 | 8 | 8 | 4 |  |  |  |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 2 | 176 | 179 | 257 | 108 |  | 16 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 1 | 59 | 58 | 86 | 41 |  | 7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 3 | 235 | 237 | 343 | 149 |  | 23 |  |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 19 | 37 | 7 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 4 | 7 | 1 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 23 | 44 | 8 |  |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  | 408 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  | 109 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  | 517 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 3 | 345 | 834 | 387 | 162 | 6 | 23 | 6 |
|  **Net investment income (loss)** | 46 | 3111 | 2926 | 3028 | 1080 | 8 | 235 | 2 |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares | 28 | 952 | 1866 | 2552 | 1574 | (21) | (61) | (37) |
|  Realized gain distributions | 14 |  | 711 | 1657 | 1474 | 53 | 893 | 145 |
|  Net realized gain (loss) on investments | 42 | 952 | 2577 | 4209 | 3048 | 32 | 832 | 108 |
|  Unrealized appreciation (depreciation) | 71 | 13094 | 18581 | 20573 | 10782 | (75) | (1553) | (39) |
|  **Net increase (decrease) in net assets from operations** | $159 | $17157 | $24084 | $27810 | $14910 | $(35) | $(486) | $71 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **28** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Materials<br>Investor Class** | **VIP –<br>Communication<br>Services<br>Initial Class** | **VIP –<br>Communication<br>Services<br>Investor Class** | **VIP –<br>Hedged Equity<br>Investor<br>Class<sup>(C)</sup>** | **VIP –<br>Emerging<br>Markets<br>Initial Class** | **VIP –<br>Emerging<br>Markets<br>Investor Class** | **VIP –<br>Floating Rate<br>High Income<br>Initial Class** |
|  **Income:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $50 | $— | $— | $1 | $15 | $381 | $142 |
|  **Expenses:** |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 20 |  |  | 5 |  | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 1 |  |  |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 21 |  |  | 5 |  | 16 |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 7 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 2 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 9 |  |  |  |  |  |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 5 |  | 8 | 12 |  | 15 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 2 |  | 7 | 3 |  | 8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 7 |  | 15 | 15 |  | 23 |  |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 7 | 30 | 15 | 15 | 5 | 23 | 16 |
|  **Net investment income (loss)** | 43 | (30) | (15) | (14) | 10 | 358 | 126 |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares | (50) | 316 | 1659 | 1 | (3) | 297 | 16 |
|  Realized gain distributions | 706 | 279 | 1634 |  | 6 | 142 |  |
|  Net realized gain (loss) on investments | 656 | 595 | 3293 | 1 | 3 | 439 | 16 |
|  Unrealized appreciation (depreciation) | (230) | 417 | 2687 | 8 | 186 | 4925 | (59) |
|  **Net increase (decrease) in net assets from operations** | $469 | $982 | $5965 | $(5) | $199 | $5722 | $83 |

---

<sup>(C)</sup> New Fund (Note 1)

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **29** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Floating Rate<br>High Income<br>Investor Class** | **VIP –<br>Bond Index<br>Initial Class** | **VIP – Total<br>Market Index<br>Initial Class** | **VIP – Extended<br>Market Index<br>Initial Class** | **VIP –<br>International<br>Index<br>Initial Class** | **VIF –<br>Emerging<br>Markets<br>Equity<br>Portfolio -<br>Class I** | **VIF –<br>Emerging<br>Markets<br>Debt<br>Portfolio -<br>Class I** | **VIF –<br>Global<br>Strategist<br>Class II** |
|  **Income:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $2169 | $1274 | $771 | $104 | $750 | $20 | $1080 | $— |
|  **Expenses:** |  |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 11 | 13 | 2 | 6 | 10 | 6 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  | 1 | 1 |  |  | 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 12 | 14 | 2 | 6 | 11 | 6 | 3 |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  | 1 |  |  | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  | 1 |  |  | 1 | 1 | 1 |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 31 | 36 | 78 | 8 | 26 | 3 | 7 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 15 | 17 | 34 | 4 | 12 | 2 | 3 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 46 | 53 | 112 | 12 | 38 | 5 | 10 | 3 |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 46 | 65 | 127 | 14 | 44 | 17 | 17 | 7 |
|  **Net investment income (loss)** | 2123 | 1209 | 644 | 90 | 706 | 3 | 1063 | (7) |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares | (70) | 142 | 5011 | 181 | 1487 | (38) | (128) | 47 |
|  Realized gain distributions |  |  |  |  |  | 166 |  | 135 |
|  Net realized gain (loss) on investments | (70) | 142 | 5011 | 181 | 1487 | 128 | (128) | 182 |
|  Unrealized appreciation (depreciation) | (667) | 1067 | 4966 | 712 | 4588 | 1471 | 138 | 420 |
|  **Net increase (decrease) in net assets from operations** | $1386 | $2418 | $10621 | $983 | $6781 | $1602 | $1073 | $595 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **30** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **Lazard –<br>Retirement<br>Emerging<br>Markets<br>Investor** | **Invesco –<br>VI Global<br>Core Equity** | **Allspring – VT<br>Discovery<br>SMID Cap<br>Growth**<br>**Class 2** | **Allspring – VT<br>Opportunity<br>Class 2** | **PVIT –<br>Commodity<br>Real Return<br>Portfolio -<br>Administrative** | **PVIT – Low<br>Duration<br>Portfolio -<br>Administrative** | **PVIT – Real<br>Return<br>Portfolio -<br>Administrative** | **PVIT – Total<br>Return<br>Portfolio -<br>Administrative** |
|  **Income:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $201 | $93 | $— | $1 | $166 | $1098 | $420 | $1189 |
|  **Expenses:** |  |  |  |  |  |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 10 | 3 | 25 | 10 |  | 13 | 5 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 1 |  | 2 | 1 |  | 1 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 11 | 3 | 27 | 11 |  | 14 | 5 | 9 |
|  Fidelity Income Advantage |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  | 1 | 1 | 1 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  | 1 | 1 | 1 |  |  |  |  |
|  Fidelity Personal Retirement |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 6 | 5 |  |  | 4 | 31 | 13 | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 3 | 3 |  |  | 2 | 13 | 6 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 9 | 8 |  |  | 6 | 44 | 19 | 50 |
|  Fidelity Freedom Lifetime Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 20 | 12 | 28 | 12 | 6 | 58 | 24 | 59 |
|  **Net investment income (loss)** | 181 | 81 | (28) | (11) | 160 | 1040 | 396 | 1130 |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |  |  |  |  |  |
|  Realized Gain (loss) on sale of fund shares | 112 | 98 | 30 | 6 | (34) | (6) | (68) | (327) |
|  Realized gain distributions |  | 460 | 24 | 155 |  |  |  |  |
|  Net realized gain (loss) on investments | 112 | 558 | 54 | 161 | (34) | (6) | (68) | (327) |
|  Unrealized appreciation (depreciation) | 2008 | 321 | 121 | (66) | 767 | 405 | 591 | 1589 |
|  **Net increase (decrease) in net assets from operations** | $2301 | $960 | $147 | $84 | $893 | $1439 | $919 | $2392 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **31** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Operations - continued** 

For the year ended December 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **Blackrock –<br>Global<br>Allocation V.I.<br>Fund - Class 1** | **FTVIP –<br>Templeton<br>Global Bond<br>Fund - Class 2** | **FTVIP – Franklin<br>US Government<br>Securities Fund -<br>Class 2** |
|  **Income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | $940 | $— | $166 |
|  **Expenses:** |  |  |  |
|  Fidelity Retirement Reserves |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 4 | 1 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 4 | 1 | 2 |
|  Fidelity Income Advantage |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |
|  Fidelity Personal Retirement |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges | 33 | 4 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges | 13 | 2 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses | 46 | 6 | 6 |
|  Fidelity Freedom Lifetime Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |
|  Fidelity Growth and Guaranteed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortality and expense risk charges |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative and other charges |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total expenses |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total expenses** | 50 | 7 | 8 |
|  **Net investment income (loss)** | 890 | (7) | 158 |
|  **Realized and unrealized gain (loss) on investments:** |  |  |  |
|  Realized Gain (loss) on sale of fund shares | 182 | (98) | (102) |
|  Realized gain distributions | 2254 |  |  |
|  Net realized gain (loss) on investments | 2436 | (98) | (102) |
|  Unrealized appreciation (depreciation) | 1627 | 681 | 219 |
|  **Net increase (decrease) in net assets from operations** | $4953 | $576 | $275 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **32** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP – Government<br>Money Market<br>Initial Class** | **VIP – Government<br>Money Market<br>Initial Class** | **VIP – Government**<br> **Money Market**<br> **Investor Class** | **VIP – Government**<br> **Money Market**<br> **Investor Class** | **VIP – High Income<br>Initial Class** | **VIP – High Income<br>Initial Class** | **VIP – High Income<br>Investor Class** | **VIP – High Income<br>Investor Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $813 | $888 | $9859 | $11226 | $199 | $187 | $1695 | $1601 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments |  |  |  |  | (330) | (642) | (254) | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) |  |  |  |  | 452 | 752 | 1111 | 610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 813 | 888 | 9859 | 11226 | 321 | 297 | 2552 | 2261 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners |  |  | 66927 | 77447 |  |  | 171 | 103 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | 11358 | 4774 | 30119 | (23505) | (89) | (22) | (511) | 687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits | (104) | (185) | (15553) | (10506) | (97) | (133) |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (8084) | (6121) | (63647) | (58366) | (213) | (427) | (2114) | (835) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (4) | (5) |  |  | (1) | (1) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (16) | 8 | (10) |  | (30) | (59) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | 3150 | (1529) | 17836 | (14930) | (430) | (642) | (2454) | (46) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 3963 | (641) | 27695 | (3704) | (109) | (345) | 98 | 2215 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 22205 | 22846 | 230611 | 234315 | 3687 | 4032 | 27478 | 25263 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $26168 | $22205 | $258306 | $230611 | $3578 | $3687 | $27576 | $27478 |
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP – Equity-Income<br>Initial Class** | **VIP – Equity-Income<br>Initial Class** | **VIP – Equity-Income<br>Investor Class** | **VIP – Equity-Income<br>Investor Class** | **VIP – Growth**<br> **Initial Class** | **VIP – Growth**<br> **Initial Class** | **VIP – Growth**<br> **Investor Class** | **VIP – Growth**<br> **Investor Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $407 | $387 | $1094 | $968 | $(448) | $(676) | $66 | $(147) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 3083 | 2800 | 5423 | 4552 | 15381 | 22231 | 16080 | 25721 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 3576 | 2343 | 5147 | 2424 | (3793) | (954) | (2087) | (2822) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 7066 | 5530 | 11664 | 7944 | 11140 | 20601 | 14059 | 22752 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners |  |  | 390 | 223 |  |  | 580 | 734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (1214) | (683) | 2068 | 437 | (4343) | (1184) | (8831) | 11273 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits | (924) | (921) |  | (2) | (1456) | (1124) |  | (396) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (2497) | (2461) | (2571) | (2378) | (5575) | (4305) | (6897) | (2061) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (4) | (4) |  |  | (10) | (10) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (80) | (76) | 5 | 3 | (127) | 32 |  | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (4719) | (4145) | (108) | (1717) | (11511) | (6591) | (15148) | 9546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 2347 | 1385 | 11556 | 6227 | (371) | 14010 | (1089) | 32298 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 41175 | 39790 | 62153 | 55926 | 86842 | 72832 | 106459 | 74161 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $43522 | $41175 | $73709 | $62153 | $86471 | $86842 | $105370 | $106459 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **33** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP – Overseas**<br> **Initial Class** | **VIP – Overseas**<br> **Initial Class** | **VIP – Overseas**<br> **Investor Class** | **VIP – Overseas**<br> **Investor Class** | **VIP – Investment**<br> **Grade Bond**<br> **Initial Class** | **VIP – Investment**<br> **Grade Bond**<br> **Initial Class** | **VIP – Investment**<br> **Grade Bond**<br> **Investor Class** | **VIP – Investment**<br> **Grade Bond**<br> **Investor Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $60 | $57 | $376 | $308 | $241 | $257 | $2233 | $2022 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 892 | 412 | 3236 | 1902 | (244) | (173) | (560) | (384) |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 383 | (146) | 785 | (1063) | 557 | 10 | 2689 | (926) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 1335 | 323 | 4397 | 1147 | 554 | 94 | 4362 | 712 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners |  |  | 56 | 20 |  |  | 259 | 985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | 321 | (275) | 3493 | (1489) | (134) | 456 | 7339 | 3961 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits | (78) | (117) |  |  | (224) | (482) |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (289) | (373) | (778) | (1210) | (670) | (924) | (5784) | (2834) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (1) | (1) |  |  | (1) | (1) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (11) | 3 | (1) | (1) | (112) | (30) | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (58) | (763) | 2770 | (2680) | (1141) | (981) | 1815 | 2112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 1277 | (440) | 7167 | (1533) | (587) | (887) | 6177 | 2824 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 6810 | 7250 | 21041 | 22574 | 9429 | 10316 | 61579 | 58755 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $8087 | $6810 | $28208 | $21041 | $8842 | $9429 | $67756 | $61579 |
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –**<br> **Asset Manager 50%**<br> **Initial Class<sup>(B)</sup>** | **VIP –**<br> **Asset Manager 50%**<br> **Initial Class<sup>(B)</sup>** | **VIP –**<br> **Asset Manager 50%**<br> **Investor Class<sup>(B)</sup>** | **VIP –**<br> **Asset Manager 50%**<br> **Investor Class<sup>(B)</sup>** | **VIP –**<br> **Index 500**<br> **Initial Class** | **VIP –**<br> **Index 500**<br> **Initial Class** | **VIP –**<br> **Asset Manager 70%<br>Initial Class<sup>(B)</sup>** | **VIP –**<br> **Asset Manager 70%<br>Initial Class<sup>(B)</sup>** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $311 | $312 | $586 | $499 | $5140 | $5310 | $60 | $56 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 1004 | 63 | 1275 | 212 | 49507 | 29195 | 391 | 212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 1279 | 1059 | 1473 | 1069 | 36885 | 73668 | 544 | 287 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 2594 | 1434 | 3334 | 1780 | 91532 | 108173 | 995 | 555 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners |  |  | 308 | 49 | 4917 | 2041 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | 105 | (279) | 992 | (170) | (22709) | 17701 | (34) | (108) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits | (615) | (166) |  |  | (1174) | (1224) | (92) | (126) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (1973) | (1573) | (1099) | (1580) | (22904) | (14543) | (388) | (130) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (1) | (1) |  |  | (10) | (10) | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (19) | (72) | 1 |  | (198) | (128) | 12 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (2503) | (2091) | 202 | (1701) | (42078) | 3837 | (503) | (369) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 91 | (657) | 3536 | 79 | 49454 | 112010 | 492 | 186 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 19311 | 19968 | 22523 | 22444 | 550292 | 438282 | 5906 | 5720 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $19402 | $19311 | $26059 | $22523 | $599746 | $550292 | $6398 | $5906 |

---

<sup>(B)</sup> Fund Name Change (Note 1)

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **34** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –**<br> **Asset Manager 70%<br>Investor Class<sup>(B)</sup>** | **VIP –**<br> **Asset Manager 70%<br>Investor Class<sup>(B)</sup>** | **VIP – Contrafund<br>Initial Class** | **VIP – Contrafund<br>Initial Class** | **VIP – Contrafund**<br> **Investor Class** | **VIP – Contrafund**<br> **Investor Class** | **VIP – Balanced<br>Initial Class** | **VIP – Balanced<br>Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $294 | $189 | $(1151) | $(999) | $(186) | $(53) | $112 | $138 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 700 | 402 | 37189 | 26107 | 67937 | 49291 | 1492 | 1227 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 1364 | 567 | (4170) | 18411 | (8446) | 24505 | 76 | 634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 2358 | 1158 | 31868 | 43519 | 59305 | 73743 | 1680 | 1999 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 200 | 190 |  |  | 2103 | 1366 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | 4045 | 301 | (5208) | (2553) | (4526) | 13427 | (442) | (723) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  | (169) | (1887) | (2014) |  | (2) | (1446) | (201) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (647) | (73) | (9705) | (8501) | (12068) | (15888) | (617) | (887) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  | (19) | (21) |  |  | (2) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | 1 | (3) | (53) | (12) |  | (14) | (219) | (119) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | 3599 | 246 | (16872) | (13101) | (14491) | (1111) | (2726) | (1932) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 5957 | 1404 | 14996 | 30418 | 44814 | 72632 | (1046) | 67 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 12365 | 10961 | 166778 | 136360 | 291328 | 218696 | 14088 | 14021 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $18322 | $12365 | $181774 | $166778 | $336142 | $291328 | $13042 | $14088 |
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP – Balanced**<br> **Investor Class** | **VIP – Balanced**<br> **Investor Class** | **VIP –**<br> **Dynamic Capital**<br> **Appreciation**<br> **Initial Class** | **VIP –**<br> **Dynamic Capital**<br> **Appreciation**<br> **Initial Class** | **VIP –**<br> **Dynamic Capital<br>Appreciation<br>Investor Class** | **VIP –**<br> **Dynamic Capital<br>Appreciation<br>Investor Class** | **VIP –**<br> **Growth & Income<br>Initial Class** | **VIP –**<br> **Growth & Income<br>Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $4409 | $4553 | $(7) | $(21) | $63 | $(2) | $155 | $114 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 28610 | 21412 | 762 | 237 | 4146 | 1544 | 2623 | 1793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 11974 | 19028 | (136) | 484 | (975) | 2244 | 1004 | 1472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 44993 | 44993 | 619 | 700 | 3234 | 3786 | 3782 | 3379 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 1504 | 2941 |  |  | 257 | 137 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (8861) | (4867) | (197) | 993 | (907) | (329) | 819 | (52) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  | (25) | (27) |  |  | (520) | (428) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (15081) | (16426) | (66) | (115) | (871) | (537) | (839) | (868) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  | (1) | (1) |  |  | (2) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (1) | (3) | 1 | 5 | (1) |  | 98 | (36) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (22439) | (18355) | (288) | 855 | (1522) | (729) | (444) | (1386) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 22554 | 26638 | 331 | 1555 | 1712 | 3057 | 3338 | 1993 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 326132 | 299494 | 3654 | 2099 | 18192 | 15135 | 18527 | 16534 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $348686 | $326132 | $3985 | $3654 | $19904 | $18192 | $21865 | $18527 |

---

<sup>(B)</sup> Fund Name Change (Note 1)

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **35** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –**<br> **Growth & Income**<br> **Investor Class** | **VIP –**<br> **Growth & Income**<br> **Investor Class** | **VIP –**<br> **Growth Opportunities<br>Initial Class** | **VIP –**<br> **Growth Opportunities<br>Initial Class** | **VIP –**<br> **Growth Opportunities<br>Investor Class** | **VIP –**<br> **Growth Opportunities<br>Investor Class** | **VIP –**<br> **Mid Cap**<br> **Initial Class** | **VIP –**<br> **Mid Cap**<br> **Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $573 | $473 | $(195) | $(176) | $(172) | $(146) | $(93) | $(76) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 5875 | 3885 | 2108 | 1196 | 6904 | 4335 | 2787 | 3640 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 1620 | 2699 | 2597 | 5690 | 15378 | 24897 | (378) | 292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 8068 | 7057 | 4510 | 6710 | 22110 | 29086 | 2316 | 3856 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 59 | 196 |  |  | 498 | 1349 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | 740 | (139) | (908) | (216) | 2 | 780 | (690) | (268) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  | (651) | (637) |  | (315) | (413) | (426) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (1516) | (1865) | (526) | (1076) | (2639) | (3224) | (2025) | (2162) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  | (2) | (2) |  |  | (4) | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | 1 |  |  | (270) |  | (16) | (132) | (69) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (716) | (1808) | (2087) | (2201) | (2139) | (1426) | (3264) | (2930) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 7352 | 5249 | 2423 | 4509 | 19971 | 27660 | (948) | 926 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 38463 | 33214 | 23156 | 18647 | 106988 | 79328 | 25046 | 24120 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $45815 | $38463 | $25579 | $23156 | $126959 | $106988 | $24098 | $25046 |
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –**<br> **Mid Cap**<br> **Investor Class** | **VIP –**<br> **Mid Cap**<br> **Investor Class** | **VIP –**<br> **Value Strategies<br>Initial Class** | **VIP –**<br> **Value Strategies<br>Initial Class** | **VIP –**<br> **Value Strategies**<br> **Investor Class** | **VIP –**<br> **Value Strategies**<br> **Investor Class** | **VIP –**<br> **Utilities**<br> **Initial Class** | **VIP –**<br> **Utilities**<br> **Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $118 | $209 | $11 | $6 | $133 | $149 | $22 | $26 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 6904 | 9068 | 134 | 688 | 426 | 2964 | 194 | 139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | (764) | 182 | 108 | (305) | 549 | (1463) | 72 | 286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 6258 | 9459 | 253 | 389 | 1108 | 1650 | 288 | 451 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 131 | 1303 |  |  | 26 | 24 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (6542) | (2304) | (158) | (1065) | (2638) | (1877) | (452) | 438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  | (58) | (81) | (51) |  |  | (25) | (64) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (3247) | (1659) | (99) | (491) | (546) | (849) | (68) | (58) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  |  | (1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (2) | (2) | 1 | (2) |  | 2 | 8 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (9660) | (2720) | (337) | (1609) | (3158) | (2700) | (538) | 323 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | (3402) | 6739 | (84) | (1220) | (2050) | (1050) | (250) | 774 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 63173 | 56434 | 4058 | 5278 | 18347 | 19397 | 2512 | 1738 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $59771 | $63173 | $3974 | $4058 | $16297 | $18347 | $2262 | $2512 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **36** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP – Utilities**<br> **Investor Class** | **VIP – Utilities**<br> **Investor Class** | **VIP – Technology**<br> **Initial Class** | **VIP – Technology**<br> **Initial Class** | **VIP – Technology**<br> **Investor Class** | **VIP – Technology**<br> **Investor Class** | **VIP – Energy**<br> **Initial Class** | **VIP – Energy**<br> **Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $373 | $333 | $(383) | $(363) | $(278) | $(257) | $34 | $48 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 2538 | 1367 | 6864 | 4421 | 26687 | 20550 | (121) | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 159 | 2100 | 2858 | 8730 | 12855 | 29708 | 278 | 94 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 3070 | 3800 | 9339 | 12788 | 39264 | 50001 | 191 | 152 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 81 | 66 |  |  | 497 | 1001 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | 257 | 3999 | (2096) | 147 | (4542) | 3218 | (710) | (262) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  | (1606) | (1216) |  | (104) | (9) | (87) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (553) | (1253) | (1698) | (3296) | (3768) | (8934) | (168) | (727) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  | (5) | (4) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | 1 |  | (57) | 281 | 4 | (3) | (38) | (14) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (214) | 2812 | (5462) | (4088) | (7809) | (4822) | (925) | (1090) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 2856 | 6612 | 3877 | 8700 | 31455 | 45179 | (734) | (938) |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 21322 | 14710 | 48392 | 39692 | 186629 | 141450 | 3043 | 3981 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $24178 | $21322 | $52269 | $48392 | $218084 | $186629 | $2309 | $3043 |
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP – Energy**<br> **Investor Class** | **VIP – Energy**<br> **Investor Class** | **VIP – Health Care<br>Initial Class** | **VIP – Health Care<br>Initial Class** | **VIP – Health Care**<br> **Investor Class** | **VIP – Health Care**<br> **Investor Class** | **VIP – Financials**<br> **Initial Class** | **VIP – Financials**<br> **Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $236 | $333 | $(38) | $(94) | $65 | $(94) | $13 | $15 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | (54) | 231 | 773 | 432 | 3571 | 1719 | 210 | 106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 1066 | 288 | 411 | 234 | 1921 | 1201 | 1 | 205 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 1248 | 852 | 1146 | 572 | 5557 | 2826 | 224 | 326 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 16 | 88 |  |  | 116 | 135 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (2646) | (4981) | (1141) | (1276) | (8028) | (4065) | (96) | 180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  | (64) | (139) |  |  | (10) | (84) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (413) | (1478) | (506) | (800) | (1420) | (2694) | (272) | (25) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  | (1) | (2) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net |  | 1 | 14 | (41) | (1) | (1) |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (3043) | (6370) | (1698) | (2258) | (9333) | (6625) | (378) | 72 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | (1795) | (5518) | (552) | (1686) | (3776) | (3799) | (154) | 398 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 13524 | 19042 | 10194 | 11880 | 51788 | 55587 | 1480 | 1082 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $11729 | $13524 | $9642 | $10194 | $48012 | $51788 | $1326 | $1480 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **37** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP – Financials**<br> **Investor Class** | **VIP – Financials**<br> **Investor Class** | **VIP – Industrials<br>Initial Class** | **VIP – Industrials<br>Initial Class** | **VIP – Industrials**<br> **Investor Class** | **VIP – Industrials**<br> **Investor Class** | **VIP – Consumer**<br> **Discretionary**<br> **Initial Class** | **VIP – Consumer**<br> **Discretionary**<br> **Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $390 | $311 | $(21) | $(3) | $(24) | $113 | $(14) | $(15) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 2899 | 1455 | 249 | 256 | 1552 | 2092 | 350 | 170 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 231 | 3645 | 377 | 220 | 4189 | 1839 | (230) | 271 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 3520 | 5411 | 605 | 473 | 5717 | 4044 | 106 | 426 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 134 | 1149 |  |  | 105 | 80 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (461) | 1838 | 34 | 103 | 4909 | 1632 | (340) | (310) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  | (6) | (4) |  |  | (30) | (52) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (166) | (2569) | (36) | (80) | (551) | (335) | (28) | (28) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  | (1) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | 3 | 4 | 1 |  | (4) | 1 | 10 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (490) | 422 | (8) | 19 | 4459 | 1378 | (388) | (382) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 3030 | 5833 | 597 | 492 | 10176 | 5422 | (282) | 44 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 23687 | 17854 | 2586 | 2094 | 22507 | 17085 | 2168 | 2124 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $26717 | $23687 | $3183 | $2586 | $32683 | $22507 | $1886 | $2168 |
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP – Consumer**<br> **Discretionary**<br> **Investor Class** | **VIP – Consumer**<br> **Discretionary**<br> **Investor Class** | **VIP – Real Estate<br>Initial Class** | **VIP – Real Estate<br>Initial Class** | **VIP – Real Estate**<br> **Investor Class** | **VIP – Real Estate**<br> **Investor Class** | **VIP – Strategic Income<br>Initial Class** | **VIP – Strategic Income<br>Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(16) | $(24) | $21 | $68 | $221 | $595 | $109 | $101 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 3516 | 1716 | (110) | (217) | (477) | (150) | (12) | (25) |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | (2119) | 3209 | 122 | 241 | 650 | 441 | 175 | 110 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 1381 | 4901 | 33 | 92 | 394 | 886 | 272 | 186 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 67 | 62 |  |  | 6 | 18 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (1637) | (3944) | (292) | (436) | (1933) | (214) | 137 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  | (16) | (76) |  |  | (81) | (115) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (284) | (491) | (54) | (78) | (2107) | (375) | (75) | (395) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  | (1) | (1) |  |  | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net |  | 1 | 7 | (6) |  | 1 | (18) | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (1854) | (4372) | (356) | (597) | (4034) | (570) | (38) | (495) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | (473) | 529 | (323) | (505) | (3640) | 316 | 234 | (309) |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 23779 | 23250 | 2072 | 2577 | 15248 | 14932 | 3566 | 3875 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $23306 | $23779 | $1749 | $2072 | $11608 | $15248 | $3800 | $3566 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **38** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Strategic Income<br>Investor Class** | **VIP –<br>Strategic Income<br>Investor Class** | **VIP –**<br> **International<br>Capital Appreciation<br>Initial Class** | **VIP –**<br> **International<br>Capital Appreciation<br>Initial Class** | **VIP –**<br> **International<br>Capital Appreciation<br>Investor Class** | **VIP –**<br> **International<br>Capital Appreciation<br>Investor Class** | **VIP – Value**<br> **Initial Class** | **VIP – Value**<br> **Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $2064 | $1765 | $4 | $(2) | $324 | $188 | $2 | $9 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | (23) | (102) | 115 | 49 | 2295 | 1233 | 125 | 285 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 2597 | 1145 | 210 | 89 | 3656 | 1256 | (2) | (47) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 4638 | 2808 | 329 | 136 | 6275 | 2677 | 125 | 247 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 260 | 364 |  |  | 211 | 140 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | 4488 | 1497 | 182 | (37) | 3350 | (156) | (169) | (25) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  | (6) | (60) | (76) |  | (3) | (50) | (49) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (2878) | (2443) | (48) | (71) | (1802) | (1492) | (761) | (204) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  |  | (1) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (2) |  | 6 | 9 | 1 | 2 | 11 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | 1868 | (588) | 80 | (175) | 1760 | (1509) | (970) | (269) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 6506 | 2220 | 409 | (39) | 8035 | 1168 | (845) | (22) |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 51700 | 49480 | 1846 | 1885 | 35084 | 33916 | 2146 | 2168 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $58206 | $51700 | $2255 | $1846 | $43119 | $35084 | $1301 | $2146 |
| **(In thousands)** |  | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  |  | **VIP – Value**<br> **Investor Class** | **VIP – Value**<br> **Investor Class** | **VIP – Freedom Income**<br> **Initial Class<sup>(A)</sup>** | **VIP – Freedom Income**<br> **Initial Class<sup>(A)</sup>** | **VIP – Freedom Income**<br> **Investor Class<sup>(A)</sup>** | **VIP – Freedom Income**<br> **Investor Class<sup>(A)</sup>** | **VIP –<br>Freedom<br>2005**<br> **Initial Class<sup>(A)</sup>** |
|  |  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) |  | $284 | $263 | $32 | $36 | $134 | $161 | $5 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments |  | 2118 | 3798 | 8 | 3 | 52 | 15 | (48) |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) |  | 179 | (1020) | 71 |  | 227 | (12) | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations |  | 2581 | 3041 | 111 | 39 | 413 | 164 | 10 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners |  | 50 | 125 |  |  | 7 | 7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net |  | (1346) | (2508) | (104) | 570 | (823) | 1844 | (574) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  | (279) | (1) | (1) | (8) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations |  | (1067) | (1865) | (19) | (82) | (204) | (11) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net |  | 5 | 3 | 1 | 1 | 1 |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions |  | (2358) | (4524) | (123) | 488 | (1027) | 1840 | (575) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets |  | 223 | (1483) | (12) | 527 | (614) | 2004 | (565) |
|  **Net Assets** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period |  | 25997 | 27480 | 1306 | 779 | 4829 | 2825 | 565 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period |  | $26220 | $25997 | $1294 | $1306 | $4215 | $4829 | $— |

---

<sup>(A)</sup> Fund Merged (Note 1)

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **39** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | | | **VIP – Freedom 2010<br>Initial Class** | **VIP – Freedom 2010<br>Initial Class** | **VIP – Investor**<br> **Freedom 2010**<br> **Investor Class** | **VIP – Investor**<br> **Freedom 2010**<br> **Investor Class** | **VIP – Freedom 2015<br>Initial Class** | **VIP – Freedom 2015<br>Initial Class** |
|  | | **VIP – Investor**<br> **Freedom 2005**<br> **Investor Class<sup>(A)</sup>**<br>**12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) |  | $22 | $9 | $9 | $143 | $146 | $17 | $21 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments |  | (249) | 2 | (43) | 36 | 7 | 25 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) |  | 266 | 21 | 61 | 279 | 58 | 43 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations |  | 39 | 32 | 27 | 458 | 211 | 85 | 51 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners |  |  |  |  |  | 9 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net |  | (2029) | 14 | (37) | 134 | (30) | 18 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  |  | (121) | (8) |  | (105) | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations |  | (17) | (17) | (266) | (248) |  | (76) | (177) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net |  |  | 1 |  | (2) | (1) | (1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions |  | (2046) | (2) | (424) | (124) | (22) | (164) | (188) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets |  | (2007) | 30 | (397) | 334 | 189 | (79) | (137) |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period |  | 2007 | 352 | 749 | 4381 | 4192 | 851 | 988 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period |  | $— | $382 | $352 | $4715 | $4381 | $772 | $851 |
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP – Investor**<br> **Freedom 2015**<br> **Investor Class** | **VIP – Investor**<br> **Freedom 2015**<br> **Investor Class** | **VIP – Freedom 2020<br>Initial Class** | **VIP – Freedom 2020<br>Initial Class** | **VIP – Investor**<br> **Freedom 2020**<br> **Investor Class** | **VIP – Investor**<br> **Freedom 2020**<br> **Investor Class** | **VIP – Freedom 2025<br>Initial Class** | **VIP – Freedom 2025<br>Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $241 | $272 | $22 | $22 | $344 | $398 | $23 | $30 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 288 | (4) | 62 | 35 | 1006 | 289 | 174 | 51 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 429 | 287 | 47 | 38 | 393 | 406 | (26) | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 958 | 555 | 131 | 95 | 1743 | 1093 | 171 | 142 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 1 | 83 |  |  | 257 | 87 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (355) | (990) | 1 | (14) | (127) | (134) | (585) | (62) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (806) | (176) | (24) | (349) | (2750) | (1309) | (488) | (246) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (1) | 2 |  | (1) | (3) | (1) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (1161) | (1081) | (23) | (364) | (2623) | (1357) | (1073) | (308) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | (203) | (526) | 108 | (269) | (880) | (264) | (902) | (166) |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 8931 | 9457 | 1057 | 1326 | 14793 | 15057 | 1776 | 1942 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $8728 | $8931 | $1165 | $1057 | $13913 | $14793 | $874 | $1776 |

---

<sup>(A)</sup> Fund Merged (Note 1)

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **40** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP – Investor**<br> **Freedom 2025**<br> **Investor Class** | **VIP – Investor**<br> **Freedom 2025**<br> **Investor Class** | **VIP – Freedom 2030<br>Initial Class** | **VIP – Freedom 2030<br>Initial Class** | **VIP – Investor**<br> **Freedom 2030**<br> **Investor Class** | **VIP – Investor**<br> **Freedom 2030**<br> **Investor Class** | **VIP – Freedom 2035**<br> **Initial Class** | **VIP – Freedom 2035**<br> **Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $354 | $348 | $18 | $21 | $542 | $470 | $1 | $1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 1121 | 511 | 142 | 40 | 1429 | 656 | 4 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 532 | 511 | 40 | 58 | 1422 | 1024 | 2 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 2007 | 1370 | 200 | 119 | 3393 | 2150 | 7 | 5 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 20 | 79 |  |  | 144 | 228 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (227) | (1224) | (294) | (153) | 122 | (1337) | 9 | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (1044) | (2307) | (7) | (61) | (1241) | (1678) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (1) |  |  |  | (3) |  |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (1252) | (3452) | (301) | (214) | (978) | (2787) | 9 | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 755 | (2082) | (101) | (95) | 2415 | (637) | 16 | 39 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 14792 | 16874 | 1381 | 1476 | 23051 | 23688 | 41 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $15547 | $14792 | $1280 | $1381 | $25466 | $23051 | $57 | $41 |
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP – Investor**<br> **Freedom 2035**<br> **Investor Class** | **VIP – Investor**<br> **Freedom 2035**<br> **Investor Class** | **VIP – Freedom 2040**<br> **Initial Class** | **VIP – Freedom 2040**<br> **Initial Class** | **VIP – Investor**<br> **Freedom 2040**<br> **Investor Class** | **VIP – Investor**<br> **Freedom 2040**<br> **Investor Class** | **VIP – Freedom 2045**<br> **Initial Class** | **VIP – Freedom 2045**<br> **Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $17 | $11 | $6 | $— | $27 | $11 | $1 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 17 | 60 | 36 |  | 137 | 17 | 5 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 35 | (43) | 40 |  | 60 | 61 | 3 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 69 | 28 | 82 |  | 224 | 89 | 9 | 2 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 440 | 300 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (208) | 67 | 505 | (2) | 706 | 191 | 30 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (121) | (10) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net |  | 2 | 1 |  | (1) |  | (1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | 111 | 359 | 506 | (2) | 705 | 191 | 29 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 180 | 387 | 588 | (2) | 929 | 280 | 38 | 29 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 720 | 333 |  | 2 | 950 | 670 | 31 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $900 | $720 | $588 | $— | $1879 | 950 | $69 | $31 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **41** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP – Investor**<br> **Freedom 2045**<br> **Investor Class** | **VIP – Investor**<br> **Freedom 2045**<br> **Investor Class** | **VIP – Freedom 2050<br>Initial Class** | **VIP – Freedom 2050<br>Initial Class** | **VIP – Investor Freedom 2050<br>Investor Class** | **VIP – Investor Freedom 2050<br>Investor Class** | **VIP –**<br> **Freedom Lifetime<br>Income I** | **VIP –**<br> **Freedom Lifetime<br>Income I** | **VIP –**<br> **Freedom Lifetime<br>Income II** | **VIP –**<br> **Freedom Lifetime<br>Income II** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $— | $— | $— | $— | $3 | $2 | $25 | $32 | $23 | $25 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 17 |  |  |  | 42 | 6 | (3) | (12) | 23 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 2 | (1) |  |  | 24 | 1 | 57 | 21 | 37 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 19 | (1) |  |  | 69 | 9 | 79 | 41 | 83 | 42 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners |  |  |  |  | 12 | 34 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (23) | 24 | 1 | (2) | 12 | 182 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  |  |  |  |  | (104) | (113) | (89) | (87) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net |  | 1 |  |  | (1) | 1 | 18 | (108) | 27 | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (23) | 25 | 1 | (2) | 23 | 217 | (86) | (221) | (62) | (63) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | (4) | 24 | 1 | (2) | 92 | 226 | (7) | (180) | 21 | (21) |
|  **Net Assets:** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 27 | 3 |  | 2 | 226 |  | 937 | 1117 | 862 | 883 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $23 | $27 | $1 | $— | $318 | $226 | $930 | $937 | $883 | $862 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –**<br> **Freedom Lifetime<br>Income III** | **VIP –**<br> **Freedom Lifetime<br>Income III** | **VIP –**<br> **Disciplined Small Cap<br>Initial Class** | **VIP –**<br> **Disciplined Small Cap<br>Initial Class** | **VIP –**<br> **Disciplined Small Cap<br>Investor Class** | **VIP –**<br> **Disciplined Small Cap<br>Investor Class** | **VIP –<br>Funds Manager 20%<br>Investor Class** | **VIP –<br>Funds Manager 20%<br>Investor Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $50 | $49 | $2 | $4 | $188 | $277 | $1668 | $1739 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 127 | 43 | 130 | 72 | 3421 | 1037 | (84) | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 111 | 68 | 41 | 141 | 883 | 3114 | 2653 | 992 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 288 | 160 | 173 | 217 | 4492 | 4428 | 4237 | 2733 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners |  |  |  |  | 29 | 203 | 18 | 1931 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net |  |  | (142) | (46) | (4300) | (46) | (2582) | 285 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits | (165) | (158) | (6) | (26) |  | (133) | (181) | (89) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations |  |  | (114) | (71) | (1975) | (460) | (2771) | (5255) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  |  | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | 19 | 24 | (2) | 2 | 2 |  | 13 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (146) | (134) | (264) | (141) | (6244) | (436) | (5504) | (3111) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 142 | 26 | (91) | 76 | (1752) | 3992 | (1267) | (378) |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 2303 | 2277 | 1538 | 1462 | 31942 | 27950 | 51234 | 51612 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $2445 | $2303 | $1447 | $1538 | $30190 | $31942 | $49967 | $51234 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **42** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Funds Manager 30%<br>Investor Class** | **VIP –<br>Funds Manager 30%<br>Investor Class** | **VIP –<br>Funds Manager 40%**<br> **Investor Class** | **VIP –<br>Funds Manager 40%**<br> **Investor Class** | **VIP –<br>Funds Manager 50%<br>Investor Class** | **VIP –<br>Funds Manager 50%<br>Investor Class** | **VIP –<br>Funds Manager 60%<br>Investor Class** | **VIP –<br>Funds Manager 60%<br>Investor Class** | **VIP –<br>Funds Manager 70%<br>Investor Class** | **VIP –<br>Funds Manager 70%<br>Investor Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $22 | $11 | $46 | $14 | $3111 | $2905 | $2926 | $2549 | $3028 | $2545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 5 | 1 | 42 | 26 | 952 | 305 | 2577 | 1389 | 4209 | 1839 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 30 | (1) | 71 | 19 | 13094 | 7836 | 18581 | 11306 | 20573 | 11664 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 57 | 11 | 159 | 59 | 17157 | 11046 | 24084 | 15244 | 27810 | 16048 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners |  |  |  |  | 563 | 665 | 1908 | 1389 | 1622 | 2845 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | 369 | 435 | 1421 | (477) | (6001) | (8105) | (4804) | (7640) | 3828 | 5949 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  |  |  | (768) | (1050) | (867) | (1129) | (223) | (271) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (3) |  |  |  | (12018) | (11687) | (9006) | (21497) | (7395) | (6318) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  | (2) | (2) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (1) | 1 | (1) | 1 | 100 | (182) | (46) | 122 | (65) | (197) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | 365 | 436 | 1420 | (476) | (18126) | (20361) | (12815) | (28755) | (2233) | 2008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 422 | 447 | 1579 | (417) | (969) | (9315) | 11269 | (13511) | 25577 | 18056 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 447 |  | 728 | 1145 | 135458 | 144773 | 165351 | 178862 | 167524 | 149468 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $869 | $447 | $2307 | $728 | $134489 | $135458 | $176620 | $165351 | $193101 | $167524 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –<br>Funds Manager 85%<br>Investor Class** | **VIP –<br>Funds Manager 85%<br>Investor Class** | **VIP –**<br> **Consumer Staples**<br> **Initial Class** | **VIP –**<br> **Consumer Staples**<br> **Initial Class** | **VIP –**<br> **Consumer Staples<br>Investor Class** | **VIP –**<br> **Consumer Staples<br>Investor Class** | **VIP –**<br> **Materials**<br> **Initial Class** | **VIP –**<br> **Materials**<br> **Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $1080 | $886 | $8 | $18 | $235 | $321 | $2 | $3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 3048 | 420 | 32 | 27 | 832 | 602 | 108 | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 10782 | 6882 | (75) | (7) | (1553) | 16 | (39) | (34) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 14910 | 8188 | (35) | 38 | (486) | 939 | 71 | (1) |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 1296 | 1817 |  |  | 13 | 33 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | 2591 | 4294 | (256) | (7) | (1721) | (3055) | (236) | (61) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits | (217) | (83) | (1) | (60) |  |  | (3) | (65) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (2157) | (2083) | (19) | (27) | (619) | (785) | (58) | (346) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | 7 | 8 | (1) | (43) |  | (1) | 3 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | 1520 | 3953 | (277) | (137) | (2327) | (3808) | (294) | (473) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 16430 | 12141 | (312) | (99) | (2813) | (2869) | (223) | (474) |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 77485 | 65344 | 997 | 1096 | 15828 | 18697 | 890 | 1364 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $93915 | $77485 | $685 | $997 | $13015 | $15828 | $667 | $890 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **43** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –**<br> **Materials**<br> **Investor Class** | **VIP –**<br> **Materials**<br> **Investor Class** | **VIP –**<br> **Communication**<br> **Services**<br> **Initial Class** | **VIP –**<br> **Communication**<br> **Services**<br> **Initial Class** | **VIP –**<br> **Communication**<br> **Services**<br> **Investor Class** | **VIP –**<br> **Communication**<br> **Services**<br> **Investor Class** | **VIP –**<br> **Hedged Equity**<br> **Investor Class<sup>(C)</sup>** | **VIP –**<br> **Hedged Equity**<br> **Investor Class<sup>(C)</sup>** | **VIP –**<br> **Emerging Markets**<br> **Initial Class** | **VIP –**<br> **Emerging Markets**<br> **Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $43 | $48 | $(30) | $(26) | $(15) | $(25) | $(14) | $— | $10 | $4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 656 | 12 | 595 | 630 | 3293 | 2204 | 1 |  | 3 | (17) |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | (230) | (181) | 417 | 255 | 2687 | 2164 | 8 |  | 186 | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 469 | (121) | 982 | 859 | 5965 | 4343 | (5) |  | 199 | 48 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 34 | 5 |  |  | 194 | 63 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (85) | (1463) | 746 | (866) | 4900 | (1374) | 266 |  | 181 | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  | (369) | (107) |  |  |  |  | (2) | (36) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (154) | (315) | (21) | (805) | (220) | (393) |  |  | (5) | (70) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  | (1) | (1) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | 1 | 2 | 38 | 22 | (15) | 1 | 15 |  | 1 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (204) | (1771) | 393 | (1757) | 4859 | (1703) | 281 |  | 175 | (117) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 265 | (1892) | 1375 | (898) | 10824 | 2640 | 276 |  | 374 | (69) |
|  **Net Assets:** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 4385 | 6277 | 2804 | 3702 | 16845 | 14205 |  |  | 526 | 595 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $4650 | $4385 | $4179 | $2804 | $27669 | $16845 | $276 | $— | $900 | $526 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –**<br> **Emerging Markets<br>Investor Class** | **VIP –**<br> **Emerging Markets<br>Investor Class** | **VIP –**<br> **Floating Rate**<br> **High Income**<br> **Initial Class** | **VIP –**<br> **Floating Rate**<br> **High Income**<br> **Initial Class** | **VIP –**<br> **Floating Rate**<br> **High Income**<br> **Investor Class** | **VIP –**<br> **Floating Rate**<br> **High Income**<br> **Investor Class** | **VIP –**<br> **Bond Index**<br> **Initial Class** | **VIP –**<br> **Bond Index**<br> **Initial Class** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $358 | $165 | $126 | $124 | $2123 | $2161 | $1209 | $908 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 439 | 135 | 16 | 18 | (70) | 167 | 142 | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 4925 | 1018 | (59) | 3 | (667) | 77 | 1067 | (741) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 5722 | 1318 | 83 | 145 | 1386 | 2405 | 2418 | 226 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 49 | 26 |  |  | 417 | 825 | 21 | 535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | 3790 | (1163) | (275) | 58 | (3164) | 1885 | 4428 | 5914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  | (103) | (12) | (20) |  | (596) | (73) | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (574) | (101) | (26) | (7) | (1388) | (3455) | (1154) | (967) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (1) | (2) | 8 | (64) | 3 |  | (40) | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | 3264 | (1343) | (305) | (33) | (4132) | <br> (1341)  | 3182 | <br> 5456 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 8986 | (25) | (222) | 112 | (2746) | 1064 | 5600 | 5682 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 13510 | 13535 | 1946 | 1834 | 30601 | 29537 | 34520 | 28838 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $22496 | $13510 | $1724 | $1946 | $27855 | $30601 | $40120 | $34520 |

---

<sup>(C)</sup> New Fund (Note 1)

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **44** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIP –**<br> **Total Market**<br> **Index**<br> **Initial Class** | **VIP –**<br> **Total Market**<br> **Index**<br> **Initial Class** | **VIP –**<br> **Extended Market**<br> **Index**<br> **Initial Class** | **VIP –**<br> **Extended Market**<br> **Index**<br> **Initial Class** | **VIP –**<br> **International**<br> **Index**<br> **Initial Class** | **VIP –**<br> **International**<br> **Index**<br> **Initial Class** | **VIF –**<br> **Emerging Markets**<br> **Equity Portfolio –**<br> **Class I** | **VIF –**<br> **Emerging Markets**<br> **Equity Portfolio –**<br> **Class I** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $644 | $647 | $90 | $95 | $706 | $526 | $3 | $65 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 5011 | 2623 | 181 | 227 | 1487 | 544 | 128 | (264) |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 4966 | 7699 | 712 | 665 | 4588 | (139) | 1471 | 632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 10621 | 10969 | 983 | 987 | 6781 | 931 | 1602 | 433 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 2011 | 985 | 345 | 111 | 342 | 65 | 1 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | 3623 | 10344 | 18 | (130) | 5713 | 97 | (909) | (210) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits | (12) | (12) |  | (1) | (5) | (6) | (15) | (36) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (2887) | (1545) | (226) | (137) | (472) | (474) | (363) | (444) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (40) | 6 |  |  | (23) |  | (3) | (20) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | 2695 | <br> 9778 | 137 | (157) | 5555 | (318) | (1289) | <br> (706)  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 13316 | 20747 | 1120 | 830 | 12336 | 613 | 313 | <br> (273)  |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 62836 | 42089 | 8538 | 7708 | 19017 | 18404 | 5526 | 5799 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $76152 | $62836 | $9658 | $8538 | $31353 | $19017 | $5839 | $5526 |
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **VIF –**<br> **Emerging Markets**<br> **Debt Portfolio –**<br> **Class I** | **VIF –**<br> **Emerging Markets**<br> **Debt Portfolio –**<br> **Class I** | **VIF –**<br> **Global**<br> **Strategist**<br> **Class II** | **VIF –**<br> **Global**<br> **Strategist**<br> **Class II** | **Lazard – Retirement<br>Emerging Markets<br>Investor** | **Lazard – Retirement<br>Emerging Markets<br>Investor** | **Invesco –**<br> **VI Global Core Equity** | **Invesco –**<br> **VI Global Core Equity** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $1063 | $742 | $(7) | $(9) | $181 | $208 | $81 | $57 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | (128) | (91) | 182 | (14) | 112 | (11) | 558 | 98 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 138 | 118 | 420 | 303 | 2008 | 255 | 321 | 735 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 1073 | 769 | 595 | 280 | 2301 | 452 | 960 | 890 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 101 | 209 | 5 | 4 | 27 | 1 |  | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (110) | (219) | (340) |  | 998 | (468) | (139) | (82) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits | (9) | (18) | (12) | (13) | (6) | (5) | (8) | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (648) | (462) | (661) | (41) | (601) | (328) | (107) | (135) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | 2 | 1 | (15) | 3 | (2) | 1 | (1) | (18) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (664) | (489) | (1023) | (47) | 416 | (799) | (255) | (45) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net asset | 409 | 280 | (428) | 233 | 2717 | (347) | 705 | 845 |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 7602 | 7322 | 4118 | 3885 | 5752 | 6099 | 6340 | 5495 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $8011 | $7602 | $3690 | $4118 | $8469 | $5752 | $7045 | $6340 |

---

*See accompanying notes which are an integral part of the financial statements.* 

---

| | |
|:---|:---|
| **45** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **Allspring –**<br> **VT Discovery SMID Cap**<br> **Growth Class 2** | **Allspring –**<br> **VT Discovery SMID Cap**<br> **Growth Class 2** | **Allspring –**<br> **VT Opportunity**<br> **Class 2** | **Allspring –**<br> **VT Opportunity**<br> **Class 2** | **PVIT –**<br> **Commodity**<br> **Real Return**<br> **Portfolio -<br>Administrative** | **PVIT –**<br> **Commodity**<br> **Real Return**<br> **Portfolio -<br>Administrative** | **PVIT –**<br> **Low Duration**<br> **Portfolio - Administrative** | **PVIT –**<br> **Low Duration**<br> **Portfolio - Administrative** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $(28) | $(27) | $(11) | $(11) | $160 | $79 | $1040 | $989 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 54 | 61 | 161 | 147 | (34) | (397) | (6) | (306) |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 121 | 504 | (66) | 50 | 767 | 472 | 405 | 411 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 147 | 538 | 84 | 186 | 893 | 154 | 1439 | 1094 |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners |  |  |  |  |  |  | 37 | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (50) | (128) | (6) |  | 3068 | (301) | 6360 | (2027) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits | (18) | (116) | (15) | (23) |  |  | (3) | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (33) | (8) | (49) | (4) | (38) | (185) | (2546) | (1195) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges | (2) | (2) |  |  |  |  | (1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (7) | 7 | 2 | (50) |  | (1) | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (110) | (247) | (68) | (77) | 3030 | (487) | 3846 | (3184) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 37 | 291 | 16 | 109 | 3923 | (333) | 5285 | (2090) |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 3462 | 3171 | 1436 | 1327 | 3812 | 4145 | 26493 | 28583 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $3499 | $3462 | $1452 | $1436 | $7735 | $3812 | $31778 | $26493 |
| **(In thousands)** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** | **Subaccounts Investing In:** |
|  | **PVIT –**<br> **Real Return**<br> **Portfolio - Administrative** | **PVIT –**<br> **Real Return**<br> **Portfolio - Administrative** | **PVIT –**<br> **Total Return**<br> **Portfolio - Administrative** | **PVIT –**<br> **Total Return**<br> **Portfolio - Administrative** | **Blackrock –**<br> **Global**<br> **Allocation V.I.**<br> **Fund - Class 1** | **Blackrock –**<br> **Global**<br> **Allocation V.I.**<br> **Fund - Class 1** | **FTVIP – Templeton<br>Global Bond**<br> **Fund - Class 2** | **FTVIP – Templeton<br>Global Bond**<br> **Fund - Class 2** |
|  | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $396 | $321 | $1130 | $1140 | $890 | $279 | $(7) | $(8) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | (68) | (754) | (327) | (163) | 2436 | 1750 | (98) | (361) |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 591 | 684 | 1589 | (288) | 1627 | 354 | 681 | (134) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 919 | 251 | 2392 | 689 | 4953 | 2383 | 576 | (503) |
|  **Contract Transactions:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 1 | 3 | 115 | 71 | 64 | 34 | 37 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | 605 | (1292) | 843 | (623) | (797) | (872) | 351 | (354) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits | (5) | (2) |  | (26) | (1) | (1) |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (657) | (1594) | (2614) | (1021) | (1708) | (1702) | (504) | (199) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |  |  |  | (1) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | (1) |  | 1 | 2 |  |  | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (57) | (2885) | (1655) | (1597) | (2442) | (2542) | (115) | (546) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | 862 | (2634) | 737 | (908) | 2511 | (159) | 461 | (1049) |
|  **Net Assets:** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 12410 | 15044 | 29044 | 29952 | 27254 | 27413 | 3608 | 4657 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $13272 | $12410 | $29781 | $29044 | $29765 | $27254 | $4069 | $3608 |

---

*See accompanying notes which are an integral part of the financial statements.* 

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| **46** | ***Annual Report*** |

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##### [**Table of Contents**](#toc)
**Empire Fidelity Investments Variable Annuity Account A** 

**Statements of Changes in Net Assets - continued** 

For the years ended December 31, 2025 and 2024

---

| | | |
|:---|:---|:---|
| **(In thousands)** | **Subaccounts<br>Investing In:** | **Subaccounts<br>Investing In:** |
|  | **FTVIP – Franklin US<br>Government**<br> **Securities Fund -<br>Class 2** | **FTVIP – Franklin US<br>Government**<br> **Securities Fund -<br>Class 2** |
|  | **12/31/25** | **12/31/24** |
|  **Operations:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $158 | $123 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | (102) | (253) |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation (depreciation) | 219 | 155 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from operations | 275 | 25 |
|  **Contract Transactions:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Payments received from contract owners | 2 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers between sub-accounts and the fixed account, net | (229) | (728) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract benefits |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract terminations | (854) | (384) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract maintenance charges |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other transfers (to) from EFILI, net | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in net assets from contract transactions | (1079) | (1107) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total increase (decrease) in net assets | (804) | (1082) |
|  **Net Assets:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of period | 4566 | 5648 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of period | $3762 | $4566 |

---

*See accompanying notes which are an integral part of the financial statements.* 

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| **47** | ***Annual Report*** |

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##### [**Table of Contents**](#toc)
**Notes to Financial Statements** 

**Empire Fidelity Investments Variable Annuity Account A** 

**1. Organization** 

Empire Fidelity Investments Variable Annuity Account A (the "Account"), a unit investment trust registered under the Investment Company Act of 1940 as amended, was established by Empire Fidelity Investments Life Insurance Company ("EFILI") on July 15, 1991 and exists in accordance with the regulations of the New York State Department of Financial Services ("Insurance Department"). EFILI is a wholly-owned subsidiary of Fidelity Investments Life Insurance Company ("FILI") which is a wholly-owned subsidiary of FMR LLC. The Account is a funding vehicle of individual Retirement Reserves, Personal Retirement Annuity, Income Advantage, Freedom Lifetime Income and Growth and Guaranteed Income variable annuity contracts. Retirement Reserves, Growth and Guaranteed Income, which offered a guaranteed minimum withdrawal benefit, Income Advantage and Freedom Lifetime Income were closed to new business. Under applicable insurance law, the assets and liabilities of the Account are clearly identified and distinguished from the other assets and liabilities of EFILI. The Account cannot be charged with liabilities arising out of any other business of EFILI.

Each subaccount invests exclusively in one of the Funds ("Underlying Funds") that are part of the following fund groups:

**Fund Groups** 

Fidelity Variable Insurance Product Funds (Initial Class) ("VIP – Initial Class")

Fidelity Variable Insurance Product Funds (Investor Class) ("VIP – Investor Class")

Morgan Stanley Variable Insurance Funds, Inc. (Class I) ("VIF")

Morgan Stanley Variable Insurance Funds, Inc. (Class II) ("VIF") ("VIF – Class II")

Allspring Variable Trust Funds (Class 2) ("Allspring")

Lazard Retirement Series, Inc. (Investor Class) ("Lazard")

PIMCO Variable Insurance Trust Funds (Administrative Class) ("PVIT")

Invesco Advisers, Inc. (Series I) ("Invesco")

Franklin Templeton Variable Insurance Products Trust Funds (Class 2) ("FTVIP")

Blackrock Variable Series Funds (Class I) ("Blackrock")

The VIP Freedom 2005 Initial Class and VIP Freedom Income Initial Class funds approved a Plan of Reorganization Agreement to transfer all the net assets of the VIP Freedom 2005 Initial Class fund in exchange for shares of the VIP Freedom Income Initial Class fund effective June 7, 2024. The VIP Investor Freedom 2005 Investor Class and VIP Investor Freedom Income Investor Class funds approved a Plan of Reorganization Agreement to transfer all the net assets of the VIP Investor Freedom 2005 Investor Class fund in exchange for shares of the VIP Investor Freedom Income Investor Class fund effective June 7, 2024.

During 2025, the following underlying funds were renamed:

**Old Name** 

*VIP – Asset Manager Initial Class*

*VIP – Asset Manager Investor Class*

*VIP – Asset Manager Growth Initial Class*

*VIP – Asset Manager Growth Investor Class*

**New Name** 

*VIP – Asset Manager 50% Initial Class*

*VIP – Asset Manager 50% Investor Class*

*VIP – Asset Manager 70% Initial Class*

*VIP – Asset Manager 70% Investor Class*

During 2025, the following underlying funds were added and commenced operations effective May 1, 2025

VIP – Hedged Equity Investor Class

As of December 31, 2025, the net assets and units of Retirement Reserve contracts that have annuitized were $24,178,000 and 232,000 respectively.

**2. Significant Accounting Policies** 

The following is a summary of significant accounting policies followed consistently by the Account in preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"). The Financial Accounting Standards Board ("FASB") established the FASB Accounting Standards Codification ("the Codification") as the source of authoritative GAAP. All guidance contained in the Codification carries an equal level of authority.

**Investments** 

Investments are made by the subaccounts in their corresponding mutual fund portfolios and are valued at the reported net asset values of such portfolios. Investment transactions are recorded on the trade date. Income from dividends and realized capital gain distributions are recorded on the ex-dividend date. Realized gains and losses include gains and losses on the sales of investments (computed on the basis of the identified cost of the investment sold) and capital gain distributions from the mutual funds.

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| **48** | ***Annual Report*** |

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##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**2. Significant Accounting Policies - continued** 

**Receivable from/Payable to EFILI** 

Receivable from/payable to EFILI represents adjustments for contract guarantees, which are the responsibility of EFILI, and accruals for daily charges deducted from the net assets of the Account.

**Contract Transactions** 

Other transfers (to) from EFILI, net, as reported in the Statement of Changes in Net Assets, represents miscellaneous contract transfers.

**Federal Income Taxes** 

The operations of the Account are included in the federal income tax return of EFILI, which is taxed as a life insurance company under the provisions of the Internal Revenue Code (the "Code").

Under the current provisions of the Code, EFILI does not expect to incur federal income taxes on the earnings of the Account to the extent the earnings are credited under the contracts. EFILI incurs federal income taxes on the difference between the financial statement carrying value of reserves for contracts in the income stage and those reserves held for federal income tax purposes. The tax effect of this temporary difference is expected to be recovered by EFILI when the difference reverses. As such, no charge is being made currently to the Account for federal income taxes. EFILI will review periodically the status of such decision based on changes in the tax law. Such a charge may be made in future years for any federal income taxes that would be attributable to the contracts.

Under the provisions of Section 817(h) of the Code, a variable annuity contract will not be treated as an annuity contract for federal income 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 Internal Revenue Service has issued regulations under Section 817(h) of the Code. EFILI believes that the Separate Account satisfies the current requirements of the regulations, and it intends that it will continue to meet such requirements.

**Estimates** 

The preparation of the Financial Statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the related amounts and disclosures in the financial statements. Actual results could differ from those estimates.

**Fair Value Measurements** 

The Financial Accounting Standards Board issued guidance on fair value measurements that establishes a framework for measuring fair value under U.S. GAAP and disclosures about fair value measurements. The definition of fair value focuses on the price that would be received to sell the asset or paid to transfer the liability regardless of whether an observable market price existed (an exit price). In addition, the guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels ("Level 1, 2, and 3").

The Account carries investments which are made by the subaccounts in their corresponding mutual funds at fair value in the financial statements. The mutual funds are valued at the reported net asset values of such portfolios. The Account categorized the financial assets carried at fair value in the Statement of Assets and Liabilities based upon the guidance's three-level valuation hierarchy. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable valuation inputs (Level 3). If the inputs used to measure a financial asset or liability cross different levels of the hierarchy, categorization is based on the lowest level input that is significant to the fair value measurement. The assessment of the significance of a particular input to the overall fair value measurement of a financial asset or liability requires judgment, and considers factors specific to the asset or liability. The three levels are described below:

• Level 1 – Financial assets and liabilities whose values are based on unadjusted quoted prices for
identical assets and liabilities in an active market (e.g., active exchange-traded equities).

• Level 2 – Financial assets and liabilities whose values are based on quoted prices for similar
assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.

• Level 3 – Financial assets and liabilities whose values are based on prices or valuation techniques
that require inputs that are both unobservable in the market and significant to the overall fair value measurement. These inputs reflect judgments about the assumptions that a market participant would use in pricing the asset or liability, and are
based on the best available information, some of which is internally developed.

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| **49** | ***Annual Report*** |

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##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**2. Significant Accounting Policies - continued** 

All subaccounts are invested in mutual funds whose value is based on the underlying net asset value of those funds. Open ended mutual funds in the subaccounts produce a daily NAV that is validated with a sufficient level of observable activity to support classification of the fair value measurement as Level 1. There were no transfers between Level 1 and Level 2 during 2025 and 2024. The Account had no Level 3 activity during 2025 and 2024.

**Operating Segments** 

FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures ("ASU 2023-07") provides segment reporting guidance for public companies.

The Account operates as a funding vehicle for variable life contracts. The Account's products constitute a single operating segment and therefore, a single reportable segment. The Account is comprised of subaccounts which invest in corresponding Funds. The Account is structured with the sole purpose to record and report the invested funds and activities and performance chosen by variable annuity contract holders. Investment performance of funds may vary based on the underlying fund's investment objectives as specified in the fund prospectuses.

The chief operating decision maker ("CODM") is represented by EFILI's management which includes the Head of Operations and Business Development. The CODM oversees the products and the performance of the underlying funds to evaluate the results of the business and make operational decisions. Detailed financial information for the Account and underlying subaccounts are disclosed within these financial statements. The Account generates revenues from investment income on the invested funds and expenses from product charges for mortality and expense risk and administrative and other charges which are reported separately on the Statements of Operations. The measure of segment profit or loss is reported on the Statements of Operations as "Net increase (decrease) in net assets from operations" and the measure of segment assets is reported as "Total net assets" on the Statements of Assets and Liabilities. The accounting policies of the Accounts are consistent with those described in the Notes to the Financial Statements.

**3. Expenses and Related Party Transactions** 

EFILI deducts a daily charge, through a reduction in unit values, from the net assets of the Account for the assumption of mortality and expense risks and for administrative charges. EFILI also deducts an annual maintenance charge, through a redemption of units, for the Retirement Reserves. The maintenance charge, which is waived on certain contracts, is recorded as a contract transaction in the accompanying Statement of Changes in Net Assets.

EFILI previously offered Retirement Reserves contract holders the opportunity to elect a death benefit rider. The rider allowed the contract holder to lock in their death benefit at the highest contract value at any contract anniversary date before the annuitant reached age 80. Effective January 1, 2003, the rider was no longer available to new contracts. For those contract holders who had elected the rider, EFILI continues to deduct a quarterly charge, through a redemption of units. There will be no charges made once the annuitants reach their 85th birthday. The death benefit rider is recorded as a contract transaction in the accompanying Statement of Changes in Net Assets.

The annual mortality and expense and administrative charge for certain contract holders in Personal Retirement Annuity is .20% and .05%, respectively. In addition, certain Personal Retirement Annuity contract holders are eligible for a lower annual mortality and expense and administration charge of .05% and .05%, respectively, with an initial purchase or contract value of $1 million or greater.

Effective January 1, 2009, the annual mortality and expense and administrative charges for new contract holders in Growth and Guaranteed Income is 1.00% and .25%, respectively for single annuitants and 1.15% and .25%, respectively for joint annuitants. The annual mortality and expense and administrative charge for contract holders in Growth and Guaranteed Income prior to January 1, 2009 is .85% and .25%, respectively for single annuitants and 1.00% and .25%, respectively for joint annuitants.

The annual rates of mortality and expense risk fees, administrative expense fees, death benefit fees, and the maximum dollar amount of the contract fee for the year ended December 31, 2025 are displayed in the table below.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Retirement<br>Reserves** | **Income<br>Advantage** | **Personal<br>Retirement** | **Freedom Lifetime<br>Income** | **Growth and Guaranteed<br>Income** |
|  Variable Account Deductions: |  |  |  |  |  |
|  Mortality and Expense Risk (Annual Rate) | 0.75% | 0.75% | 0.05% - 0.20% | 0.50% | 0.85% - 1.15% |
|  Administrative Expense (Annual Rate) | 0.05% | 0.25% | 0.05% | 0.10% | 0.25% |
|  Contract Deductions: |  |  |  |  |  |
|  Death Benefit Fees (Annual Rate) | 0.20% |  |  |  |  |
|  Annual Maintenance Charge (Maximum) | $30 |  |  |  |  |

---

The disclosures above include charges currently assessed to the policyholder. There are certain other additional charges, such as exchange charges and other taxes which may be assessed in accordance with the terms of the contract in future periods.

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|:---|:---|
| **50** | ***Annual Report*** |

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##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**3. Expenses and Related Party Transactions - continued** 

The contracts are distributed through Fidelity Brokerage Services LLC ("FBS"), Fidelity Insurance Agency, Inc. ("FIA"), and Fidelity Investments Institutional Services Company, LLC. ("FIIS"), all of which are subsidiaries with FMR LLC. FBS, FIA and FIIS are the distributors, FBS is the principal underwriter of the contracts. Fidelity Investments Institutional Operations Company, LLC ("FIIOC"), a subsidiary of FMR LLC, is the transfer and shareholder servicing agent for the VIP and VIP Investor Class portfolios.

Management fees are paid by certain funds to Fidelity Management & Research Company, a subsidiary of FMR LLC, in its capacity as advisor to the VIP and VIP Investor Class mutual fund portfolios. The total management fees, as a percentage of a fund's average net assets, for the year ended December 31, 2025 were .045% to .910% depending on the fund.

**4. Investments** 

**Purchases and Sales** 

The following table shows aggregate cost of shares purchased and proceeds from sales of each portfolio for the year ended

December 31, 2025:

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| | | |
|:---|:---|:---|
|  | **Purchases (000s)** | **Sales (000s)** |
|  VIP - Government Money Market Initial Class | $18330 | $14368 |
|  VIP - Government Money Market Investor Class | 160799 | 133104 |
|  VIP - High Income Initial Class | 468 | 693 |
|  VIP - High Income Investor Class | 5450 | 6208 |
|  VIP - Equity-Income Initial Class | 3418 | 5370 |
|  VIP - Equity-Income Investor Class | 17978 | 13165 |
|  VIP - Growth Initial Class | 11518 | 12769 |
|  VIP - Growth Investor Class | 25937 | 27867 |
|  VIP - Overseas Initial Class | 2233 | 1533 |
|  VIP - Overseas Investor Class | 10627 | 5079 |
|  VIP - Investment Grade Bond Initial Class | 843 | 1713 |
|  VIP - Investment Grade Bond Investor Class | 18471 | 14423 |
|  VIP - Asset Manager 50% Initial Class<sup>(B)</sup> | 1966 | 3209 |
|  VIP - Asset Manager 50% Investor Class<sup>(B)</sup> | 5636 | 3784 |
|  VIP - Index 500 Initial Class | 52038 | 86057 |
|  VIP - Asset Manager 70% Initial Class<sup>(B)</sup> | 393 | 635 |
|  VIP - Asset Manager 70% Investor Class<sup>(B)</sup> | 5462 | 1134 |
|  VIP - Contrafund Initial Class | 30004 | 20631 |
|  VIP - Contrafund Investor Class | 78945 | 43044 |
|  VIP - Balanced Initial Class | 1232 | 3146 |
|  VIP - Balanced Investor Class | 47116 | 48536 |
|  VIP - Dynamic Capital Appreciation Initial Class | 759 | 400 |
|  VIP - Dynamic Capital Appreciation Investor Class | 5312 | 3412 |
|  VIP - Growth & Income Initial Class | 3404 | 1785 |
|  VIP - Growth & Income Investor Class | 10835 | 7002 |
|  VIP - Growth Opportunities Initial Class | 2147 | 3999 |
|  VIP - Growth Opportunities Investor Class | 15687 | 16254 |
|  VIP - Mid Cap Initial Class | 3291 | 4001 |
|  VIP - Mid Cap Investor Class | 11439 | 14330 |
|  VIP - Value Strategies Initial Class | 301 | 466 |
|  VIP - Value Strategies Investor Class | 2551 | 4892 |
|  VIP - Utilities Initial Class | 637 | 1057 |
|  VIP - Utilities Investor Class | 9820 | 8719 |
|  VIP - Technology Initial Class | 6365 | 8725 |
|  VIP - Technology Investor Class | 40186 | 33935 |
|  VIP - Energy Initial Class | 646 | 1530 |
|  VIP - Energy Investor Class | 3135 | 5942 |
|  VIP - Health Care Initial Class | 1002 | 2064 |
|  VIP - Health Care Investor Class | 8004 | 13713 |
|  VIP - Financials Initial Class | 688 | 989 |
|  VIP - Financials Investor Class | 10116 | 9120 |
|  VIP - Industrials Initial Class | 915 | 850 |
|  VIP - Industrials Investor Class | 9336 | 4141 |
|  VIP - Consumer Discretionary Initial Class | 383 | 575 |
|  VIP - Consumer Discretionary Investor Class | 5591 | 4974 |
|  VIP - Real Estate Initial Class | 220 | 556 |

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| | | |
|:---|:---|:---|
|  <sup>(B)</sup> Fund Name Change (Note 1) | **51** | ***Annual Report*** |

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##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**4. Investments - continued** 

**Purchases and Sales—(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Purchases (000s)** | **Sales (000s)** |
|  VIP - Real Estate Investor Class | $1260 | $5067 |
|  VIP - Strategic Income Initial Class | 595 | 517 |
|  VIP - Strategic Income Investor Class | 10723 | 6790 |
|  VIP - International Capital Appreciation Initial Class | 429 | 331 |
|  VIP - International Capital Appreciation Investor Class | 9961 | 7692 |
|  VIP - Value Initial Class | 210 | 1046 |
|  VIP - Value Investor Class | 4329 | 4386 |
|  VIP - Freedom Income Initial Class | 102 | 193 |
|  VIP - Freedom Income Investor Class | 363 | 1255 |
|  VIP - Freedom 2010 Initial Class | 93 | 83 |
|  VIP - Investor Freedom 2010 Investor Class | 313 | 284 |
|  VIP - Freedom 2015 Initial Class | 123 | 236 |
|  VIP - Investor Freedom 2015 Investor Class | 655 | 1287 |
|  VIP - Freedom 2020 Initial Class | 134 | 77 |
|  VIP - Investor Freedom 2020 Investor Class | 2922 | 4415 |
|  VIP - Freedom 2025 Initial Class | 159 | 1162 |
|  VIP - Investor Freedom 2025 Investor Class | 2148 | 2060 |
|  VIP - Freedom 2030 Initial Class | 176 | 396 |
|  VIP - Investor Freedom 2030 Investor Class | 3325 | 2723 |
|  VIP - Freedom 2035 Initial Class | 33 | 20 |
|  VIP - Investor Freedom 2035 Investor Class | 726 | 549 |
|  VIP - Freedom 2040 Initial Class | 568 | 22 |
|  VIP - Investor Freedom 2040 Investor Class | 1151 | 344 |
|  VIP - Freedom 2045 Initial Class | 52 | 18 |
|  VIP - Investor Freedom 2045 Investor Class | 107 | 129 |
|  VIP - Freedom 2050 Initial Class | 20 | 18 |
|  VIP - Investor Freedom 2050 Investor Class | 236 | 192 |
|  VIP - Freedom Lifetime Income I | 46 | 110 |
|  VIP - Freedom Lifetime Income II | 73 | 94 |
|  VIP - Freedom Lifetime Income III | 186 | 179 |
|  VIP - Disciplined Small Cap Initial Class | 485 | 637 |
|  VIP - Disciplined Small Cap Investor Class | 6577 | 10217 |
|  VIP - FundsManager 20% Investor Class | 2749 | 6586 |
|  VIP - FundsManager 30% Investor Class | 397 | 5 |
|  VIP - FundsManager 40% Investor Class | 1720 | 239 |
|  VIP - FundsManager 50% Investor Class | 6654 | 21684 |
|  VIP - FundsManager 60% Investor Class | 15334 | 24429 |
|  VIP - FundsManager 70% Investor Class | 21332 | 18883 |
|  VIP - FundsManager 85% Investor Class | 14077 | 9998 |
|  VIP - Consumer Staples Initial Class | 97 | 312 |
|  VIP - Consumer Staples Investor Class | 2083 | 3283 |
|  VIP - Materials Initial Class | 251 | 399 |
|  VIP - Materials Investor Class | 1572 | 1028 |
|  VIP - Communication Services Initial Class | 1569 | 931 |
|  VIP - Communication Services Investor Class | 11337 | 4858 |
|  VIP - Hedged Equity Investor Class<sup>(C)</sup> | 388 | 122 |
|  VIP - Emerging Markets Initial Class | 895 | 705 |
|  VIP - Emerging Markets Investor Class | 7482 | 3718 |
|  VIP - Floating Rate High Income Initial Class | 732 | 912 |
|  VIP - Floating Rate High Income Investor Class | 12365 | 14376 |
|  VIP - Bond Index Initial Class | 11625 | 7189 |
|  VIP - Total Market Index Initial Class | 20585 | 17196 |
|  VIP - Extended Market Index Initial Class | 1941 | 1715 |
|  VIP - International Index Initial Class | 12964 | 6677 |
|  VIF - Emerging Markets Equity Portfolio - Class I | 3121 | 4234 |
|  VIF - Emerging Markets Debt Portfolio - Class I | 1611 | 1213 |
|  VIF - Global Strategist - Class II | 299 | 1194 |
|  Lazard - Retirement Emerging Markets Portfolio - Investor | 3554 | 2958 |

---

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| | | |
|:---|:---|:---|
|  <sup>(C)</sup> New Fund (Note 1) | **52** | ***Annual Report*** |

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##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**4. Investments - continued** 

**Purchases and Sales—(Continued)** 

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| | | |
|:---|:---|:---|
|  | **Purchases (000s)** | **Sales (000s)** |
|  Invesco - VI Global Core Equity Series I | $843 | $554 |
|  Allspring - VT Discovery SMID Cap Growth Class 2 | 28 | 142 |
|  Allspring - VT Opportunity Class 2 | 159 | 82 |
|  PVIT - Commodity Real Return Portfolio - Administrative | 5035 | 1846 |
|  PVIT - Low Duration Portfolio - Administrative | 10204 | 5318 |
|  PVIT - Real Return Portfolio - Administrative | 2781 | 2442 |
|  PVIT - Total Return Portfolio - Administrative | 3994 | 4519 |
|  Blackrock - Global Allocation V.I. Fund - Class I | 5260 | 4559 |
|  FTVIP - Templeton Global Bond Fund - Class 2 | 2199 | 2321 |
|  FTVIP - Franklin U.S. Government Securities Fund - Class 2 | 1544 | 2466 |

---

**Shares, Aggregate Cost and Net Asset Value** 

The following table shows the number of shares owned, aggregate cost and net asset value per share of each portfolio at December 31, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | **Number of Shares<br>(000s)** | **Aggregate Cost<br>(000s)** | **Net Asset Value<br>per Share** |
|  VIP - Government Money Market Initial Class | 26166 | $26166 | $1.00 |
|  VIP - Government Money Market Investor Class | 258306 | 258306 | 1.00 |
|  VIP - High Income Initial Class | 739 | 9120 | 4.88 |
|  VIP - High Income Investor Class | 5698 | 33968 | 4.84 |
|  VIP - Equity-Income Initial Class | 1481 | 39192 | 29.43 |
|  VIP - Equity-Income Investor Class | 2529 | 68412 | 29.14 |
|  VIP - Growth Initial Class | 885 | 79880 | 97.72 |
|  VIP - Growth Investor Class | 1092 | 111013 | 96.48 |
|  VIP - Overseas Initial Class | 294 | 7952 | 27.52 |
|  VIP - Overseas Investor Class | 1030 | 28447 | 27.39 |
|  VIP - Investment Grade Bond Initial Class | 783 | 10745 | 11.36 |
|  VIP - Investment Grade Bond Investor Class | 5996 | 78955 | 11.30 |
|  VIP - Asset Manager 50% Initial Class | 1105 | 19146 | 17.62 |
|  VIP - Asset Manager 50% Investor Class | 1494 | 25362 | 17.44 |
|  VIP - Index 500 Initial Class | 909 | 374314 | 660.13 |
|  VIP - Asset Manager 70% Initial Class | 247 | 4896 | 25.87 |
|  VIP - Asset Manager 70% Investor Class | 715 | 16087 | 25.62 |
|  VIP - Contrafund Initial Class | 3037 | 135909 | 59.89 |
|  VIP - Contrafund Investor Class | 5683 | 290380 | 59.15 |
|  VIP - Balanced Initial Class | 492 | 10699 | 26.51 |
|  VIP - Balanced Investor Class | 13329 | 291297 | 26.16 |
|  VIP - Dynamic Capital Appreciation Initial Class | 202 | 3446 | 19.68 |
|  VIP - Dynamic Capital Appreciation Investor Class | 1017 | 17757 | 19.58 |
|  VIP - Growth & Income Initial Class | 655 | 16656 | 33.35 |
|  VIP - Growth & Income Investor Class | 1385 | 39025 | 33.09 |
|  VIP - Growth Opportunities Initial Class | 260 | 18015 | 99.69 |
|  VIP - Growth Opportunities Investor Class | 1290 | 98998 | 98.43 |
|  VIP - Mid Cap Initial Class | 644 | 24551 | 37.51 |
|  VIP - Mid Cap Investor Class | 1613 | 63377 | 37.05 |
|  VIP - Value Strategies Initial Class | 250 | 4227 | 15.93 |
|  VIP - Value Strategies Investor Class | 1035 | 17301 | 15.74 |
|  VIP - Utilities Initial Class | 87 | 2083 | 26.01 |
|  VIP - Utilities Investor Class | 938 | 22576 | 25.77 |
|  VIP - Technology Initial Class | 1098 | 35489 | 47.54 |
|  VIP - Technology Investor Class | 4697 | 158131 | 46.43 |
|  VIP - Energy Initial Class | 85 | 2515 | 27.28 |
|  VIP - Energy Investor Class | 431 | 12021 | 27.22 |
|  VIP - Health Care Initial Class | 252 | 8943 | 38.31 |
|  VIP - Health Care Investor Class | 1272 | 46672 | 37.76 |
|  VIP - Financials Initial Class | 65 | 1209 | 20.50 |
|  VIP - Financials Investor Class | 1313 | 23601 | 20.35 |

---

---

| | | |
|:---|:---|:---|
|  <sup>(B)</sup> Fund Name Change (Note 1) | **53** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**4. Investments - continued** 

**Shares, Aggregate Cost and Net Asset Value—(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Number of Shares<br>(000s)** | **Aggregate Cost<br>(000s)** | **Net Asset Value<br>per Share** |
|  VIP - Industrials Initial Class | 104 | $2590 | $30.53 |
|  VIP - Industrials Investor Class | 1085 | 27110 | 30.12 |
|  VIP - Consumer Discretionary Initial Class | 48 | 1725 | 39.61 |
|  VIP - Consumer Discretionary Investor Class | 593 | 21051 | 39.31 |
|  VIP - Real Estate Initial Class | 98 | 2446 | 17.84 |
|  VIP - Real Estate Investor Class | 656 | 14623 | 17.69 |
|  VIP - Strategic Income Initial Class | 339 | 4015 | 11.23 |
|  VIP - Strategic Income Investor Class | 5206 | 61321 | 11.18 |
|  VIP - International Capital Appreciation Initial Class | 85 | 1826 | 26.63 |
|  VIP - International Capital Appreciation Investor Class | 1636 | 37013 | 26.36 |
|  VIP - Value Initial Class | 67 | 1312 | 19.28 |
|  VIP - Value Investor Class | 1364 | 26043 | 19.22 |
|  VIP - Freedom Income Initial Class | 111 | 1283 | 11.69 |
|  VIP - Freedom Income Investor Class | 366 | 4404 | 11.53 |
|  VIP - Freedom 2010 Initial Class | 31 | 423 | 12.15 |
|  VIP - Investor Freedom 2010 Investor Class | 368 | 4581 | 12.82 |
|  VIP - Freedom 2015 Initial Class | 64 | 844 | 11.98 |
|  VIP - Investor Freedom 2015 Investor Class | 683 | 8978 | 12.78 |
|  VIP - Freedom 2020 Initial Class | 88 | 1272 | 13.26 |
|  VIP - Investor Freedom 2020 Investor Class | 1038 | 14263 | 13.40 |
|  VIP - Freedom 2025 Initial Class | 51 | 845 | 17.25 |
|  VIP - Investor Freedom 2025 Investor Class | 1014 | 15467 | 15.33 |
|  VIP - Freedom 2030 Initial Class | 72 | 1162 | 17.68 |
|  VIP - Investor Freedom 2030 Investor Class | 1547 | 23216 | 16.46 |
|  VIP - Freedom 2035 Initial Class | 2 | 54 | 30.16 |
|  VIP - Investor Freedom 2035 Investor Class | 73 | 892 | 12.39 |
|  VIP - Freedom 2040 Initial Class | 20 | 547 | 29.78 |
|  VIP - Investor Freedom 2040 Investor Class | 145 | 1719 | 12.95 |
|  VIP - Freedom 2045 Initial Class | 2 | 65 | 30.68 |
|  VIP - Investor Freedom 2045 Investor Class | 2 | 22 | 13.18 |
|  VIP - Freedom 2050 Initial Class |  | 1 | 27.68 |
|  VIP - Investor Freedom 2050 Investor Class | 24 | 293 | 13.24 |
|  VIP - Freedom Lifetime Income I | 85 | 983 | 10.89 |
|  VIP - Freedom Lifetime Income II | 71 | 872 | 12.44 |
|  VIP - Freedom Lifetime Income III | 175 | 2228 | 13.93 |
|  VIP - Disciplined Small Cap Initial Class | 72 | 1392 | 20.19 |
|  VIP - Disciplined Small Cap Investor Class | 1506 | 28208 | 20.05 |
|  VIP - FundsManager 20% Investor Class | 4461 | 52216 | 11.20 |
|  VIP - FundsManager 30% Investor Class | 76 | 840 | 11.38 |
|  VIP - FundsManager 40% Investor Class | 194 | 2182 | 11.87 |
|  VIP - FundsManager 50% Investor Class | 10042 | 130399 | 13.39 |
|  VIP - FundsManager 60% Investor Class | 15051 | 173328 | 11.74 |
|  VIP - FundsManager 70% Investor Class | 12771 | 170978 | 15.12 |
|  VIP - FundsManager 85% Investor Class | 6005 | 80556 | 15.64 |
|  VIP - Consumer Staples Initial Class | 39 | 802 | 17.43 |
|  VIP - Consumer Staples Investor Class | 751 | 15011 | 17.32 |
|  VIP - Materials Initial Class | 43 | 783 | 15.38 |
|  VIP - Materials Investor Class | 303 | 5348 | 15.35 |
|  VIP - Communication Services Initial Class | 144 | 3174 | 29.00 |
|  VIP - Communication Services Investor Class | 967 | 21860 | 28.61 |
|  VIP - Hedged Equity Investor Class<sup>(C)</sup> | 25 | 268 | 11.15 |
|  VIP - Emerging Markets Initial Class | 57 | 897 | 15.83 |
|  VIP - Emerging Markets Investor Class | 1431 | 21188 | 15.72 |
|  VIP - Floating Rate High Income Initial Class | 178 | 1793 | 9.65 |
|  VIP - Floating Rate High Income Investor Class | 2883 | 29216 | 9.66 |
|  VIP - Bond Index Initial Class | 4082 | 43322 | 9.84 |
|  VIP - Total Market Index Initial Class | 3119 | 60109 | 24.43 |
|  VIP - Extended Market Index Initial Class | 606 | 8722 | 15.94 |
|  VIP - International Index Initial Class | 2233 | 26903 | 14.05 |

---

---

| | | |
|:---|:---|:---|
|  <sup>(C)</sup> New Fund (Note 1) | **54** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**4. Investments - continued** 

**Shares, Aggregate Cost and Net Asset Value—(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Number of Shares<br>(000s)** | **Aggregate Cost<br>(000s)** | **Net Asset Value<br>per Share** |
|  VIF - Emerging Markets Equity Portfolio - Class I | 333 | $6974 | $17.57 |
|  VIF - Emerging Markets Debt Portfolio - Class I | 1481 | 12641 | 5.41 |
|  VIF - Global Strategist - Class II | 353 | 4271 | 10.44 |
|  Lazard - Retirement Emerging Markets Portfolio - Investor | 287 | 7642 | 29.51 |
|  Invesco - VI Global Core Equity Series I | 599 | 6493 | 11.79 |
|  Allspring - VT Discovery SMID Cap Growth Class 2 | 138 | 4158 | 25.29 |
|  Allspring - VT Opportunity Class 2 | 58 | 1611 | 25.70 |
|  PVIT - Commodity Real Return Portfolio - Administrative | 1230 | 10522 | 6.29 |
|  PVIT - Low Duration Portfolio - Administrative | 3249 | 34227 | 9.78 |
|  PVIT - Real Return Portfolio - Administrative | 1105 | 15898 | 12.01 |
|  PVIT - Total Return Portfolio - Administrative | 3151 | 36384 | 9.45 |
|  Blackrock - Global Allocation V.I. Fund - Class I | 1703 | 31206 | 17.48 |
|  FTVIP - Templeton Global Bond Fund - Class 2 | 309 | 6125 | 13.17 |
|  FTVIP - Franklin U.S. Government Securities Fund - Class 2 | 358 | 4664 | 10.50 |

---

**5. Changes in Units Outstanding** 

The changes in units outstanding for the years ended December 31, 2025 and 2024 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **<u>Retirement Reserves</u>** | **<u>Retirement Reserves</u>** | **<u>Income Advantage</u>** | **<u>Income Advantage</u>** | **<u>Personal Retirement</u>** | **<u>Personal Retirement</u>** | **<u>Freedom Lifetime<br>Income</u>** | **<u>Freedom Lifetime<br>Income</u>** |
| **(in thousands)** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **VIP - Government Money Market Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 906 | 467 |  |  |  |  |  |  |
|  Units Redeemed | (767) | (536) | (2) | (2) |  |  |  |  |
|  Net Increase (Decrease) | 139 | (69) | (2) | (2) |  |  |  |  |
|  **VIP - Government Money Market Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 21147 | 205 |  |  |
|  Units Redeemed |  |  |  |  | (19669) | (198) |  |  |
|  Net Increase (Decrease) |  |  |  |  | 1478 | 7 |  |  |
|  **VIP - High Income Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 4 | 3 |  |  |  |  |  |  |
|  Units Redeemed | (9) | (11) | (1) | (1) |  |  |  |  |
|  Net Increase (Decrease) | (5) | (8) | (1) | (1) |  |  |  |  |
|  **VIP - High Income Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 170 | 17828 |  |  |
|  Units Redeemed |  |  |  |  | (278) | (19119) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (108) | (1291) |  |  |
|  **VIP - Equity-Income Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 2 | 2 |  |  |  |  |  |  |
|  Units Redeemed | (21) | (21) | (2) | (2) |  |  |  |  |
|  Net Increase (Decrease) | (19) | (19) | (2) | (2) |  |  |  |  |
|  **VIP - Equity-Income Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 298 | 250 |  |  |
|  Units Redeemed |  |  |  |  | (307) | (300) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (9) | (50) |  |  |
|  **VIP - Growth Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 3 | 5 |  |  |  |  |  |  |
|  Units Redeemed | (26) | (20) | (1) |  |  |  |  |  |
|  Net Increase (Decrease) | (23) | (15) | (1) |  |  |  |  |  |
|  **VIP - Growth Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 134 | 322 |  |  |
|  Units Redeemed |  |  |  |  | (285) | (221) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (151) | 101 |  |  |
|  **VIP - Overseas Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 19 |  |  |  |  |  |  |  |
|  Units Redeemed | (19) | (9) | (1) | (1) |  |  |  |  |
|  Net Increase (Decrease) |  | (9) | (1) | (1) |  |  |  |  |

---

---

| | |
|:---|:---|
| **55** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**5. Changes in Units Outstanding - continued** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **<u>Retirement Reserves</u>** | **<u>Retirement Reserves</u>** | **<u>Income Advantage</u>** | **<u>Income Advantage</u>** | **<u>Personal Retirement</u>** | **<u>Personal Retirement</u>** | **<u>Freedom Lifetime<br>Income</u>** | **<u>Freedom Lifetime<br>Income</u>** |
| **(in thousands)** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **VIP - Overseas Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 286 | 122 |  |  |
|  Units Redeemed |  |  |  |  | (190) | (221) |  |  |
|  Net Increase (Decrease) |  |  |  |  | 96 | (99) |  |  |
|  **VIP - Investment Grade Bond Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 11 | 17 |  |  |  |  |  |  |
|  Units Redeemed | (30) | (34) | (5) | (4) |  |  |  |  |
|  Net Increase (Decrease) | (19) | (17) | (5) | (4) |  |  |  |  |
|  **VIP - Investment Grade Bond Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 1117 | 840 |  |  |
|  Units Redeemed |  |  |  |  | (927) | (664) |  |  |
|  Net Increase (Decrease) |  |  |  |  | 190 | 176 |  |  |
|  **VIP - Asset Manager 50% Initial Class<sup>(B)</sup>** |  |  |  |  |  |  |  |  |
|  Units Issued | 8 |  |  |  |  |  |  |  |
|  Units Redeemed | (34) | (24) | (1) | (2) |  |  |  |  |
|  Net Increase (Decrease) | (26) | (24) | (1) | (2) |  |  |  |  |
|  **VIP - Asset Manager 50% Investor Class<sup>(B)</sup>** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 137 | 39 |  |  |
|  Units Redeemed |  |  |  |  | (125) | (103) |  |  |
|  Net Increase (Decrease) |  |  |  |  | 12 | (64) |  |  |
|  **VIP - Index 500 Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 11 | 14 |  |  | 787 | 1094 |  |  |
|  Units Redeemed | (48) | (36) | (4) | (3) | (1251) | (962) |  |  |
|  Net Increase (Decrease) | (37) | (22) | (4) | (3) | (464) | 132 |  |  |
|  **VIP - Asset Manager 70% Initial Class<sup>(B)</sup>** |  |  |  |  |  |  |  |  |
|  Units Issued | 1 | 3 |  |  |  |  |  |  |
|  Units Redeemed | (8) | (7) |  | (1) |  |  |  |  |
|  Net Increase (Decrease) | (7) | (4) |  | (1) |  |  |  |  |
|  **VIP - Asset Manager 70% Investor Class<sup>(B)</sup>** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 127 | 59 |  |  |
|  Units Redeemed |  |  |  |  | (31) | (50) |  |  |
|  Net Increase (Decrease) |  |  |  |  | 96 | 9 |  |  |
|  **VIP - Contrafund Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 12 | 10 |  | 1 |  |  |  |  |
|  Units Redeemed | (72) | (62) | (4) | (6) |  |  |  |  |
|  Net Increase (Decrease) | (60) | (52) | (4) | (5) |  |  |  |  |
|  **VIP - Contrafund Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 460 | 747 |  |  |
|  Units Redeemed |  |  |  |  | (651) | (738) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (191) | 9 |  |  |
|  **VIP - Balanced Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 4 | 14 |  |  |  |  |  |  |
|  Units Redeemed | (40) | (40) | (6) | (5) |  |  |  |  |
|  Net Increase (Decrease) | (36) | (26) | (6) | (5) |  |  |  |  |
|  **VIP - Balanced Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 622 | 696 |  |  |
|  Units Redeemed |  |  |  |  | (936) | (907) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (314) | (211) |  |  |
|  **VIP - Dynamic Capital Appreciation Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 1 | 15 |  | 1 |  |  |  |  |
|  Units Redeemed | (4) | (3) |  | (1) |  |  |  |  |
|  Net Increase (Decrease) | (3) | 12 |  |  |  |  |  |  |
|  **VIP - Dynamic Capital Appreciation Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 24 | 33 |  |  |
|  Units Redeemed |  |  |  |  | (43) | (42) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (19) | (9) |  |  |
|  **VIP - Growth & Income Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 12 | 3 | 1 |  |  |  |  |  |
|  Units Redeemed | (16) | (17) | (2) | (3) |  |  |  |  |
|  Net Increase (Decrease) | (4) | (14) | (1) | (3) |  |  |  |  |

---

---

| | | |
|:---|:---|:---|
|  <sup>(B)</sup> Fund Name Change (Note 1) | **56** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**5. Changes in Units Outstanding - continued** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **<u>Retirement Reserves</u>** | **<u>Retirement Reserves</u>** | **<u>Income Advantage</u>** | **<u>Income Advantage</u>** | **<u>Personal Retirement</u>** | **<u>Personal Retirement</u>** | **<u>Freedom Lifetime<br>Income</u>** | **<u>Freedom Lifetime<br>Income</u>** |
| **(in thousands)** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **VIP - Growth & Income Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 112 | 73 |  |  |
|  Units Redeemed |  |  |  |  | (125) | (109) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (13) | (36) |  |  |
|  **VIP - Growth Opportunities Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 17 | 8 |  | 3 |  |  |  |  |
|  Units Redeemed | (32) | (26) | (3) | (3) |  |  |  |  |
|  Net Increase (Decrease) | (15) | (18) | (3) |  |  |  |  |  |
|  **VIP - Growth Opportunities Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 126 | 205 |  |  |
|  Units Redeemed |  |  |  |  | (149) | (234) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (23) | (29) |  |  |
|  **VIP - Mid Cap Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 7 | 8 |  |  |  |  |  |  |
|  Units Redeemed | (41) | (40) | (5) | (5) |  |  |  |  |
|  Net Increase (Decrease) | (34) | (32) | (5) | (5) |  |  |  |  |
|  **VIP - Mid Cap Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 127 | 216 |  |  |
|  Units Redeemed | <br>— | <br>— | <br>— | <br>— | (340) | (266) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (213) | (50) |  |  |
|  **VIP - Value Strategies Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 2 | 2 |  |  |  |  |  |  |
|  Units Redeemed | (7) | (32) | (1) | (1) |  |  |  |  |
|  Net Increase (Decrease) | (5) | (30) | (1) | (1) |  |  |  |  |
|  **VIP - Value Strategies Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 35 | 59 |  |  |
|  Units Redeemed |  |  |  |  | (101) | (116) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (66) | (57) |  |  |
|  **VIP - Utilities Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 10 | 13 |  | 1 |  |  |  |  |
|  Units Redeemed | (19) | (7) |  | (1) |  |  |  |  |
|  Net Increase (Decrease) | (9) | 6 |  |  |  |  |  |  |
|  **VIP - Utilities Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 173 | 151 |  |  |
|  Units Redeemed |  |  |  |  | (171) | (104) |  |  |
|  Net Increase (Decrease) |  |  |  |  | 2 | 47 |  |  |
|  **VIP - Technology Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 21 | 34 |  | 1 |  |  |  |  |
|  Units Redeemed | (55) | (67) | (5) | (3) |  |  |  |  |
|  Net Increase (Decrease) | (34) | (33) | (5) | (2) |  |  |  |  |
|  **VIP - Technology Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 201 | 268 |  |  |
|  Units Redeemed |  |  |  |  | (246) | (284) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (45) | (16) |  |  |
|  **VIP - Energy Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 16 | 15 |  |  |  |  |  |  |
|  Units Redeemed | (40) | (42) | (1) | (2) |  |  |  |  |
|  Net Increase (Decrease) | (24) | (27) | (1) | (2) |  |  |  |  |
|  **VIP - Energy Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 136 | 236 |  |  |
|  Units Redeemed |  |  |  |  | (262) | (513) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (126) | (277) |  |  |

---

---

| | |
|:---|:---|
| **57** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**5. Changes in Units Outstanding - continued** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **<u>Retirement Reserves</u>** | **<u>Retirement Reserves</u>** | **<u>Income Advantage</u>** | **<u>Income Advantage</u>** | **<u>Personal Retirement</u>** | **<u>Personal Retirement</u>** | **<u>Freedom Lifetime<br>Income</u>** | **<u>Freedom Lifetime<br>Income</u>** |
| **(in thousands)** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **VIP - Health Care Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 4 | 4 |  |  |  |  |  |  |
|  Units Redeemed | (25) | (32) | (2) | (2) |  |  |  |  |
|  Net Increase (Decrease) | (21) | (28) | (2) | (2) |  |  |  |  |
|  **VIP - Health Care Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 77 | 85 |  |  |
|  Units Redeemed |  |  |  |  | (216) | (177) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (139) | (92) |  |  |
|  **VIP - Financials Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 19 | 20 |  | 3 |  |  |  |  |
|  Units Redeemed | (28) | (19) |  | (2) |  |  |  |  |
|  Net Increase (Decrease) | (9) | 1 |  | 1 |  |  |  |  |
|  **VIP - Financials Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 195 | 237 |  |  |
|  Units Redeemed |  |  |  |  | (220) | (241) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (25) | (4) |  |  |
|  **VIP - Industrials Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 8 | 9 |  |  |  |  |  |  |
|  Units Redeemed | (9) | (8) |  |  |  |  |  |  |
|  Net Increase (Decrease) | (1) | 1 |  |  |  |  |  |  |
|  **VIP - Industrials Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 135 | 151 |  |  |
|  Units Redeemed |  |  |  |  | (64) | (124) |  |  |
|  Net Increase (Decrease) |  |  |  |  | 71 | 27 |  |  |
|  **VIP - Consumer Discretionary Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 3 | 4 |  | 1 |  |  |  |  |
|  Units Redeemed | (8) | (9) |  | (2) |  |  |  |  |
|  Net Increase (Decrease) | (5) | (5) |  | (1) |  |  |  |  |
|  **VIP - Consumer Discretionary Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 48 | 37 |  |  |
|  Units Redeemed |  |  |  |  | (75) | (112) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (27) | (75) |  |  |
|  **VIP - Real Estate Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 4 | 3 |  | 1 |  |  |  |  |
|  Units Redeemed | (12) | (17) |  | (1) |  |  |  |  |
|  Net Increase (Decrease) | (8) | (14) |  |  |  |  |  |  |
|  **VIP - Real Estate Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 46 | 56 |  |  |
|  Units Redeemed |  |  |  |  | (194) | (72) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (148) | (16) |  |  |
|  **VIP - Strategic Income Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 21 | 4 |  | 1 |  |  |  |  |
|  Units Redeemed | (19) | (23) | (4) | (3) |  |  |  |  |
|  Net Increase (Decrease) | 2 | (19) | (4) | (2) |  |  |  |  |
|  **VIP - Strategic Income Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 477 | 424 |  |  |
|  Units Redeemed |  |  |  |  | (337) | (408) |  |  |
|  Net Increase (Decrease) |  |  |  |  | 140 | 16 |  |  |
|  **VIP - International Capital Appreciation Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 12 |  |  |  |  |  |  |  |
|  Units Redeemed | (9) | (4) |  |  |  |  |  |  |
|  Net Increase (Decrease) | 3 | (4) |  |  |  |  |  |  |

---

---

| | |
|:---|:---|
| **58** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**5. Changes in Units Outstanding - continued** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **<u>Retirement Reserves</u>** | **<u>Retirement Reserves</u>** | **<u>Income Advantage</u>** | **<u>Income Advantage</u>** | **<u>Personal Retirement</u>** | **<u>Personal Retirement</u>** | **<u>Freedom Lifetime<br>Income</u>** | **<u>Freedom Lifetime<br>Income</u>** |
| **(in thousands)** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **VIP - International Capital Appreciation Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 261 | 121 |  |  |
|  Units Redeemed |  |  |  |  | (219) | (169) |  |  |
|  Net Increase (Decrease) |  |  |  |  | 42 | (48) |  |  |
|  **VIP - Value Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 3 | 6 |  |  |  |  |  |  |
|  Units Redeemed | (25) | (12) | (1) | (1) |  |  |  |  |
|  Net Increase (Decrease) | (22) | (6) | (1) | (1) |  |  |  |  |
|  **VIP - Value Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 43 | 102 |  |  |
|  Units Redeemed |  |  |  |  | (92) | (194) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (49) | (92) |  |  |
|  **VIP - Freedom Income Initial Class<sup>(A)</sup>**  |  |  |  |  |  |  |  |  |
|  Units Issued | 3 | 32 |  |  |  |  |  |  |
|  Units Redeemed | (9) | (5) |  |  |  |  |  |  |
|  Net Increase (Decrease) | (6) | 27 |  |  |  |  |  |  |
|  **VIP - Freedom Income Investor Class<sup>(A)</sup>** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 10 | 111 |  |  |
|  Units Redeemed |  |  |  |  | (59) | (14) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (49) | 97 |  |  |
|  **VIP - Freedom 2005 Initial Class<sup>(A)</sup>** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  |  |  |  |  |
|  Units Redeemed |  | (28) |  |  |  |  |  |  |
|  Net Increase (Decrease) |  | (28) |  |  |  |  |  |  |
|  **VIP - Investor Freedom 2005 Investor Class<sup>(A)</sup>** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  |  | 1 |  |  |
|  Units Redeemed |  |  |  |  |  | (96) |  |  |
|  Net Increase (Decrease) |  |  |  |  |  | (95) |  |  |
|  **VIP - Freedom 2010 Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 3 | 2 |  |  |  |  |  |  |
|  Units Redeemed | (3) | (20) |  |  |  |  |  |  |
|  Net Increase (Decrease) |  | (18) |  |  |  |  |  |  |
|  **VIP - Investor Freedom 2010 Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 7 |  |  |  |
|  Units Redeemed |  |  |  |  | (10) | (1) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (3) | (1) |  |  |
|  **VIP - Freedom 2015 Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 2 |  |  |  |  |  |  |  |
|  Units Redeemed | (8) | (9) |  |  |  |  |  |  |
|  Net Increase (Decrease) | (6) | (9) |  |  |  |  |  |  |
|  **VIP - Investor Freedom 2015 Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 4 | 15 |  |  |
|  Units Redeemed |  |  |  |  | (46) | (58) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (42) | (43) |  |  |
|  **VIP - Freedom 2020 Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 1 |  |  |  |  |  |  |  |
|  Units Redeemed | (2) | (13) |  |  |  |  |  |  |
|  Net Increase (Decrease) | (1) | (13) |  |  |  |  |  |  |
|  **VIP - Investor Freedom 2020 Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 58 | 13 |  |  |
|  Units Redeemed |  |  |  |  | (140) | (60) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (82) | (47) |  |  |

---

---

| | | |
|:---|:---|:---|
|  <sup>(A)</sup> Fund Merged (Note 1) | **59** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**5. Changes in Units Outstanding - continued** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **<u>Retirement Reserves</u>** | **<u>Retirement Reserves</u>** | **<u>Income Advantage</u>** | **<u>Income Advantage</u>** | **<u>Personal Retirement</u>** | **<u>Personal Retirement</u>** | **<u>Freedom Lifetime<br>Income</u>** | **<u>Freedom Lifetime<br>Income</u>** |
| **(in thousands)** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **VIP - Freedom 2025 Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 2 | 1 |  |  |  |  |  |  |
|  Units Redeemed | (35) | (12) |  |  |  |  |  |  |
|  Net Increase (Decrease) | (33) | (11) |  |  |  |  |  |  |
|  **VIP - Investor Freedom 2025 Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 24 | 21 |  |  |
|  Units Redeemed |  |  |  |  | (57) | (129) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (33) | (108) |  |  |
|  **VIP - Freedom 2030 Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 2 | 1 |  |  |  |  |  |  |
|  Units Redeemed | (11) | (8) |  |  |  |  |  |  |
|  Net Increase (Decrease) | (9) | (7) |  |  |  |  |  |  |
|  **VIP - Investor Freedom 2030 Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 47 | 68 |  |  |
|  Units Redeemed |  |  |  |  | (73) | (152) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (26) | (84) |  |  |
|  **VIP - Freedom 2035 Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 2 | 5 |  |  |  |  |  |  |
|  Units Redeemed | (2) | (2) |  |  |  |  |  |  |
|  Net Increase (Decrease) |  | 3 |  |  |  |  |  |  |
|  **VIP - Investor Freedom 2035 Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 49 | 80 |  |  |
|  Units Redeemed |  |  |  |  | (45) | (51) |  |  |
|  Net Increase (Decrease) |  |  |  |  | 4 | 29 |  |  |
|  **VIP - Freedom 2040 Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 42 | 1 |  |  |  |  |  |  |
|  Units Redeemed | (1) | (1) |  |  |  |  |  |  |
|  Net Increase (Decrease) | 41 |  |  |  |  |  |  |  |
|  **VIP - Investor Freedom 2040 Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 77 | 16 |  |  |
|  Units Redeemed |  |  |  |  | (26) |  |  |  |
|  Net Increase (Decrease) |  |  |  |  | 51 | 16 |  |  |
|  **VIP - Freedom 2045 Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 4 | 3 |  |  |  |  |  |  |
|  Units Redeemed | (2) | (2) |  |  |  |  |  |  |
|  Net Increase (Decrease) | 2 | 1 |  |  |  |  |  |  |
|  **VIP - Investor Freedom 2045 Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  |  | 2 |  |  |
|  Units Redeemed |  |  |  |  | (1) |  |  |  |
|  Net Increase (Decrease) |  |  |  |  | (1) | 2 |  |  |
|  **VIP - Freedom 2050 Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 1 | 2 |  |  |  |  |  |  |
|  Units Redeemed | (1) | (2) |  |  |  |  |  |  |
|  Net Increase (Decrease) |  |  |  |  |  |  |  |  |
|  **VIP - Investor Freedom 2050 Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 8 | 18 |  |  |
|  Units Redeemed |  |  |  |  | (5) |  |  |  |
|  Net Increase (Decrease) |  |  |  |  | 3 | 18 |  |  |
|  **VIP - Freedom Lifetime Income I** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  |  |  | 1 |  |
|  Units Redeemed |  |  |  |  |  |  | (5) | (11) |
|  Net Increase (Decrease) |  |  |  |  |  |  | (4) | (11) |

---

---

| | |
|:---|:---|
| **60** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**5. Changes in Units Outstanding - continued** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **<u>Retirement Reserves</u>** | **<u>Retirement Reserves</u>** | **<u>Income Advantage</u>** | **<u>Income Advantage</u>** | **<u>Personal Retirement</u>** | **<u>Personal Retirement</u>** | **<u>Freedom Lifetime<br>Income</u>** | **<u>Freedom Lifetime<br>Income</u>** |
| **(in thousands)** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **VIP - Freedom Lifetime Income II** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  |  |  | 1 | 1 |
|  Units Redeemed |  |  |  |  |  |  | (4) | (4) |
|  Net Increase (Decrease) |  |  |  |  |  |  | (3) | (3) |
|  **VIP - Freedom Lifetime Income III** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  |  |  |  | 1 |
|  Units Redeemed |  |  |  |  |  |  | (5) | (5) |
|  Net Increase (Decrease) |  |  |  |  |  |  | (5) | (4) |
|  **VIP - Disciplined Small Cap Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 11 | 27 |  | 1 |  |  |  |  |
|  Units Redeemed | (20) | (32) |  | (3) |  |  |  |  |
|  Net Increase (Decrease) | (9) | (5) |  | (2) |  |  |  |  |
|  **VIP - Disciplined Small Cap Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 104 | 227 |  |  |
|  Units Redeemed |  |  |  |  | (243) | (245) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (139) | (18) |  |  |
|  **VIP - FundsManager 20% Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  | 1 | 1 | 1 | 50 | 335 |  |  |
|  Units Redeemed | (13) | (14) | (2) | (3) | (321) | (477) | (2) | (2) |
|  Net Increase (Decrease) | (13) | (13) | (1) | (2) | (271) | (142) | (2) | (2) |
|  **VIP - FundsManager 30% Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 9 | <br>— |  | <br>— | <br>22 | <br>40<br>| <br>— | <br>—<br>|
|  Units Redeemed |  | <br>— |  | <br>— | <br>— | <br>—<br>| <br>— | <br>—<br>|
|  Net Increase (Decrease) | 9 | <br>— |  | <br>— | <br>22 | <br>40<br>| <br>— | <br>—<br>|
|  **VIP - FundsManager 40% Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 16 |  |  |  | 137 | 1 |  |  |
|  Units Redeemed | (4) | (43) |  |  | (31) | (1) |  |  |
|  Net Increase (Decrease) | 12 | (43) |  |  | 106 |  |  |  |
|  **VIP - FundsManager 50% Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 1 | 1 | 2 |  | 124 | 221 |  | 1 |
|  Units Redeemed | (54) | (72) | (11) | (22) | (725) | (934) | (22) | (13) |
|  Net Increase (Decrease) | (53) | (71) | (9) | (22) | (601) | (713) | (22) | (12) |
|  **VIP - FundsManager 60% Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  | 21 | 1 | 1 | 371 | 299 | 10 | 4 |
|  Units Redeemed | (8) | (21) | (4) | (4) | (573) | (854) | (32) | (23) |
|  Net Increase (Decrease) | (8) |  | (3) | (3) | (202) | (555) | (22) | (19) |
|  **VIP - FundsManager 70% Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  | 2 |  |  | 492 | 755 | 8 |  |
|  Units Redeemed | (39) | (19) | (6) | (17) | (535) | (655) | (4) | (3) |
|  Net Increase (Decrease) | (39) | (17) | (6) | (17) | (43) | 100 | 4 | (3) |
|  **VIP - FundsManager 85% Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  | 2 |  |  | 300 | 261 |  |  |
|  Units Redeemed | (15) | (7) | (2) | (2) | (236) | (135) |  |  |
|  Net Increase (Decrease) | (15) | (5) | (2) | (2) | 64 | 126 |  |  |
|  **VIP - Consumer Staples Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 1 | 11 |  |  |  |  |  |  |
|  Units Redeemed | (9) | (13) |  | (1) |  |  |  |  |
|  Net Increase (Decrease) | (8) | (2) |  | (1) |  |  |  |  |
|  **VIP - Consumer Staples Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 30 | 47 |  |  |
|  Units Redeemed |  |  |  |  | (90) | (143) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (60) | (96) |  |  |
|  **VIP - Materials Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 3 | 2 |  |  |  |  |  |  |
|  Units Redeemed | (14) | (17) |  |  |  |  |  |  |
|  Net Increase (Decrease) | (11) | (15) |  |  |  |  |  |  |

---

---

| | |
|:---|:---|
| **61** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**5. Changes in Units Outstanding - continued** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **<u>Retirement Reserves</u>** | **<u>Retirement Reserves</u>** | **<u>Income Advantage</u>** | **<u>Income Advantage</u>** | **<u>Personal Retirement</u>** | **<u>Personal Retirement</u>** | **<u>Freedom Lifetime<br>Income</u>** | **<u>Freedom Lifetime<br>Income</u>** |
| **(in thousands)** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **VIP - Materials Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 26 | 36 |  |  |
|  Units Redeemed |  |  |  |  | (31) | (91) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (5) | (55) |  |  |
|  **VIP - Communication Services Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 28 | 24 | 1 | 3 |  |  |  |  |
|  Units Redeemed | (18) | (71) | (3) | (11) |  |  |  |  |
|  Net Increase (Decrease) | 10 | (47) | (2) | (8) |  |  |  |  |
|  **VIP - Communication Services Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 171 | 126 |  |  |
|  Units Redeemed |  |  |  |  | (100) | (171) |  |  |
|  Net Increase (Decrease) |  |  |  |  | 71 | (45) |  |  |
|  **VIP - Hedged Equity Investor Class<sup>(C)</sup>** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 24 |  |  |  |
|  Units Redeemed |  |  |  |  |  |  |  |  |
|  Net Increase (Decrease) |  |  |  |  | 24 |  |  |  |
|  **VIP - Emerging Markets Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 62 | 9 |  | 3 |  |  |  |  |
|  Units Redeemed | (53) | (17) |  | (3) |  |  |  |  |
|  Net Increase (Decrease) | 9 | (8) |  |  |  |  |  |  |
|  **VIP - Emerging Markets Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 324 | 70 |  |  |
|  Units Redeemed |  |  |  |  | (193) | (140) |  |  |
|  Net Increase (Decrease) |  |  |  |  | 131 | (70) |  |  |
|  **VIP - Floating Rate High Income Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 39 | 22 |  |  |  |  |  |  |
|  Units Redeemed | (59) | (18) | (1) | (6) |  |  |  |  |
|  Net Increase (Decrease) | (20) | 4 | (1) | (6) |  |  |  |  |
|  **VIP - Floating Rate High Income Investor Class** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 676 | 728 |  |  |
|  Units Redeemed |  |  |  |  | (940) | (812) |  |  |
|  Net Increase (Decrease) |  |  |  |  | (264) | (84) |  |  |
|  **VIP - Bond Index Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 81 | 46 | 1 |  | 930 | 1289 |  |  |
|  Units Redeemed | (29) | (7) | (1) | (2) | (690) | (823) |  |  |
|  Net Increase (Decrease) | 52 | 39 |  | (2) | 240 | 466 |  |  |
|  **VIP - Total Market Index Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 5 | 24 | 1 |  | 918 | 987 |  |  |
|  Units Redeemed | (35) | (28) | (1) | (3) | (784) | (494) |  |  |
|  Net Increase (Decrease) | (30) | (4) |  | (3) | 134 | 493 |  |  |
|  **VIP - Extended Market Index Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 7 | 6 |  |  | 107 | 125 |  |  |
|  Units Redeemed | (11) | (8) |  |  | (99) | (131) |  |  |
|  Net Increase (Decrease) | (4) | (2) |  |  | 8 | (6) |  |  |
|  **VIP - International Index Initial Class** |  |  |  |  |  |  |  |  |
|  Units Issued | 43 | 5 |  |  | 835 | 298 |  |  |
|  Units Redeemed | (39) | (10) |  |  | (476) | (318) |  |  |
|  Net Increase (Decrease) | 4 | (5) |  |  | 359 | (20) |  |  |
|  **VIF - Emerging Markets Equity Portfolio - Class I** |  |  |  |  |  |  |  |  |
|  Units Issued | 1 |  |  |  | 169 | 38 |  |  |
|  Units Redeemed | (5) | (12) |  | (1) | (234) | (49) |  |  |
|  Net Increase (Decrease) | (4) | (12) |  | (1) | (65) | (11) |  |  |
|  **VIF - Emerging Markets Debt Portfolio - Class I** |  |  |  |  |  |  |  |  |
|  Units Issued | 1 |  |  |  | 33 | 23 |  |  |
|  Units Redeemed | (5) | (2) |  | (1) | (58) | (47) |  |  |
|  Net Increase (Decrease) | (4) | (2) |  | (1) | (25) | (24) |  |  |

---

---

| | | |
|:---|:---|:---|
|  <sup>(C)</sup> New Fund (Note 1) | **62** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**5. Changes in Units Outstanding - continued** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **<u>Retirement Reserves</u>** | **<u>Retirement Reserves</u>** | **<u>Income Advantage</u>** | **<u>Income Advantage</u>** | **<u>Personal Retirement</u>** | **<u>Personal Retirement</u>** | **<u>Freedom Lifetime<br>Income</u>** | **<u>Freedom Lifetime<br>Income</u>** |
| **(in thousands)** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  **VIF - Global Strategist - Class II** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 6 | 6 |  |  |
|  Units Redeemed | (1) | (1) | (1) | (1) | (50) | (5) |  |  |
|  Net Increase (Decrease) | (1) | (1) | (1) | (1) | (44) | 1 |  |  |
|  **Lazard - Retirement Emerging Markets Portfolio - Investor** |  |  |  |  |  |  |  |  |
|  Units Issued | 34 |  |  |  | 132 | 25 |  |  |
|  Units Redeemed | (26) | (2) |  |  | (132) | (70) |  |  |
|  Net Increase (Decrease) | 8 | (2) |  |  |  | (45) |  |  |
|  **Invesco - V.I. Global Core Equity Series I** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 9 | 10 |  |  |
|  Units Redeemed | (3) | (1) |  |  | (18) | (11) |  |  |
|  Net Increase (Decrease) | (3) | (1) |  |  | (9) | (1) |  |  |
|  **Allspring - VT Discovery SMID Cap Growth Class 2** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  |  |  |  |  |
|  Units Redeemed | (1) | (3) |  |  |  |  |  |  |
|  Net Increase (Decrease) | (1) | (3) |  |  |  |  |  |  |
|  **Allspring - VT Opportunity Class 2** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  |  |  |  |  |
|  Units Redeemed | (1) |  |  |  |  |  |  |  |
|  Net Increase (Decrease) | (1) |  |  |  |  |  |  |  |
|  **PVIT - Commodity Real Return Strategy Portfolio - Administrative** |  |  |  |  |  |  |  |  |
|  Units Issued |  |  |  |  | 542 | 61 |  |  |
|  Units Redeemed |  |  |  |  | (214) | (121) |  |  |
|  Net Increase (Decrease) |  |  |  |  | 328 | (60) |  |  |
|  **PVIT - Low Duration Portfolio - Administrative** |  |  |  |  |  |  |  |  |
|  Units Issued | 155 | 1 | 1 |  | 588 | 202 |  |  |
|  Units Redeemed | (69) | (116) |  |  | (366) | (360) |  |  |
|  Net Increase (Decrease) | 86 | (115) | 1 |  | 222 | (158) |  |  |
|  **PVIT - Real Return Portfolio - Administrative** |  |  |  |  |  |  |  |  |
|  Units Issued | 15 | 1 |  |  | 155 | 70 |  |  |
|  Units Redeemed | (12) | (3) |  |  | (163) | (269) |  |  |
|  Net Increase (Decrease) | 3 | (2) |  |  | (8) | (199) |  |  |
|  **PVIT - Total Return Portfolio - Administrative** |  |  |  |  |  |  |  |  |
|  Units Issued | 7 | 1 |  |  | 197 | 176 |  |  |
|  Units Redeemed | (15) | (8) |  |  | (306) | (285) |  |  |
|  Net Increase (Decrease) | (8) | (7) |  |  | (109) | (109) |  |  |
|  **Blackrock - Global Allocation V.I. Fund - Class I** |  |  |  |  |  |  |  |  |
|  Units Issued | 4 | 2 |  |  | 99 | 55 |  |  |
|  Units Redeemed | (21) | (2) |  |  | (201) | (188) |  |  |
|  Net Increase (Decrease) | (17) |  |  |  | (102) | (133) |  |  |
|  **FTVIP - Templeton Global Bond Fund - Class 2** |  |  |  |  |  |  |  |  |
|  Units Issued | 67 | 1 |  |  | 166 | 41 |  |  |
|  Units Redeemed | (58) | (1) |  |  | (183) | (99) |  |  |
|  Net Increase (Decrease) | 9 |  |  |  | (17) | (58) |  |  |
|  **FTVIP - Franklin U.S. Government Securities Fund - Class 2** |  |  |  |  |  |  |  |  |
|  Units Issued | 4 | 1 |  |  | 124 | 68 |  |  |
|  Units Redeemed | (5) | (5) |  |  | (221) | (173) |  |  |
|  Net Increase (Decrease) | (1) | (4) |  |  | (97) | (105) |  |  |

---

---

| | |
|:---|:---|
| **63** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**5. Changes in Units Outstanding - continued** 

---

| | | |
|:---|:---|:---|
|  | **<u>Growth and</u>** | **<u>Growth and</u>** |
|  | **<u>Guaranteed Income</u>** | **<u>Guaranteed Income</u>** |
| **(in thousands)** | **2025** | **2024** |
|  **VIP - Government Money Market Investor Class** |  |  |
|  Units Issued | 421 | 249 |
|  Units Redeemed | (420) | (146) |
|  Net Increase (Decrease) | 1 | 103 |
|  **VIP - Balanced Investor Class** |  |  |
|  Units Issued |  |  |
|  Units Redeemed | (205) | (213) |
|  Net Increase (Decrease) | (205) | (213) |
|  **VIP - FundsManager 60% Investor Class** |  |  |
|  Units Issued | 1 |  |
|  Units Redeemed | (216) | (575) |
|  Net Increase (Decrease) | (215) | (575) |

---

**6. Unit Values** 

A summary of unit values, units outstanding, income and expense ratios, investment income ratio, and total return for each of the five years in the period ended December 31:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Unit value (4)** | **Unit value (4)** | | **Expense ratio (1)(4)** | **Expense ratio (1)(4)** | | **Total Return (3)(4)** | **Total Return (3)(4)** |
|  |<br>**Units**<br>**(000s)** | **Highest** | **Lowest** |<br>**Net assets**<br>**(000s)** | **Lowest** | **Highest** |<br>**Investment<br>income ratio (2)** | **Highest** | **Lowest** |
|  VIP - Government Money Market Initial Class | VIP - Government Money Market Initial Class | VIP - Government Money Market Initial Class | VIP - Government Money Market Initial Class | VIP - Government Money Market Initial Class | VIP - Government Money Market Initial Class | VIP - Government Money Market Initial Class | VIP - Government Money Market Initial Class | VIP - Government Money Market Initial Class | VIP - Government Money Market Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 1108 | $23.62 | $22.39 | $26168 | 0.80% | 1.00% | 4.05% | 3.28% | 3.08% |
| &nbsp;&nbsp;&nbsp; 2024 | 971 | $22.87 | $21.72 | $22205 | 0.80% | 1.00% | 4.99% | 4.26% | 4.07% |
| &nbsp;&nbsp;&nbsp; 2023 | 1043 | $21.93 | $20.87 | $22846 | 0.80% | 1.00% | 4.78% | 4.05% | 3.84% |
| &nbsp;&nbsp;&nbsp; 2022 | 1150 | $21.08 | $20.10 | $24234 | 0.80% | 1.00% | 1.45% | 0.64% | 0.43% |
| &nbsp;&nbsp;&nbsp; 2021 | 957 | $20.95 | $20.01 | $20037 | 0.80% | 1.00% | 0.01% | (0.79%) | (1.00%) |
|  VIP - Government Money Market Investor Class | VIP - Government Money Market Investor Class | VIP - Government Money Market Investor Class | VIP - Government Money Market Investor Class | VIP - Government Money Market Investor Class | VIP - Government Money Market Investor Class | VIP - Government Money Market Investor Class | VIP - Government Money Market Investor Class | VIP - Government Money Market Investor Class | VIP - Government Money Market Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 20503 | $12.06 | $9.72 | $258306 | 0.10% | 1.40% | 4.03% | 4.06% | 2.64% |
| &nbsp;&nbsp;&nbsp; 2024 | 19024 | $11.59 | $9.47 | $230611 | 0.10% | 1.25% | 4.97% | 4.97% | 3.76% |
| &nbsp;&nbsp;&nbsp; 2023 | 20211 | $11.04 | $9.62 | $234315 | 0.10% | 1.25% | 4.77% | 4.78% | 3.61% |
| &nbsp;&nbsp;&nbsp; 2022 | 19649 | $10.54 | $9.03 | $216580 | 0.10% | 1.25% | 1.54% | 1.31% | 0.16% |
| &nbsp;&nbsp;&nbsp; 2021 | 14027 | $10.40 | $9.01 | $153039 | 0.10% | 1.25% | 0.01% | (0.09%) | (1.24%) |
|  VIP - High Income Initial Class | VIP - High Income Initial Class | VIP - High Income Initial Class | VIP - High Income Initial Class | VIP - High Income Initial Class | VIP - High Income Initial Class | VIP - High Income Initial Class | VIP - High Income Initial Class | VIP - High Income Initial Class | VIP - High Income Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 51 | $72.23 | $68.46 | $3578 | 0.80% | 1.00% | 6.30% | 9.47% | 9.17% |
| &nbsp;&nbsp;&nbsp; 2024 | 57 | $65.98 | $62.71 | $3687 | 0.80% | 1.00% | 5.69% | 8.10% | 7.97% |
| &nbsp;&nbsp;&nbsp; 2023 | 67 | $61.04 | $58.08 | $4032 | 0.80% | 1.00% | 5.53% | 9.66% | 9.38% |
| &nbsp;&nbsp;&nbsp; 2022 | 77 | $55.69 | $53.10 | $4258 | 0.80% | 1.00% | 4.99% | (12.09%) | (12.26%) |
| &nbsp;&nbsp;&nbsp; 2021 | 88 | $63.35 | $60.52 | $5580 | 0.80% | 1.00% | 5.23% | 3.58% | 3.37% |
|  VIP - High Income Investor Class | VIP - High Income Investor Class | VIP - High Income Investor Class | VIP - High Income Investor Class | VIP - High Income Investor Class | VIP - High Income Investor Class | VIP - High Income Investor Class | VIP - High Income Investor Class | VIP - High Income Investor Class | VIP - High Income Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 1142 | $21.90 | $28.44 | $27576 | 0.10% | 0.25% | 6.57% | 10.38% | 10.17% |
| &nbsp;&nbsp;&nbsp; 2024 | 1250 | $19.84 | $25.81 | $27478 | 0.10% | 0.25% | 6.18% | 8.94% | 8.78% |
| &nbsp;&nbsp;&nbsp; 2023 | 1243 | $18.22 | $28.39 | $25263 | 0.10% | 0.25% | 5.41% | 10.20% | 10.04% |
| &nbsp;&nbsp;&nbsp; 2022 | 1483 | $16.53 | $25.80 | $27139 | 0.10% | 0.25% | 4.81% | (11.56%) | (11.69%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1757 | $18.69 | $29.22 | $36671 | 0.10% | 0.25% | 5.34% | 4.52% | 4.36% |
|  VIP - Equity-Income Initial Class | VIP - Equity-Income Initial Class | VIP - Equity-Income Initial Class | VIP - Equity-Income Initial Class | VIP - Equity-Income Initial Class | VIP - Equity-Income Initial Class | VIP - Equity-Income Initial Class | VIP - Equity-Income Initial Class | VIP - Equity-Income Initial Class | VIP - Equity-Income Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 178 | $244.92 | $232.12 | $43522 | 0.80% | 1.00% | 1.78% | 18.07% | 17.77% |
| &nbsp;&nbsp;&nbsp; 2024 | 199 | $207.44 | $197.10 | $41175 | 0.80% | 1.00% | 1.75% | 14.42% | 14.21% |
| &nbsp;&nbsp;&nbsp; 2023 | 220 | $181.30 | $172.52 | $39790 | 0.80% | 1.00% | 1.88% | 9.76% | 9.55% |
| &nbsp;&nbsp;&nbsp; 2022 | 246 | $165.17 | $157.48 | $40502 | 0.80% | 1.00% | 1.84% | (5.72%) | (5.91%) |
| &nbsp;&nbsp;&nbsp; 2021 | 280 | $175.18 | $167.37 | $48795 | 0.80% | 1.00% | 1.89% | 23.89% | 23.65% |
|  VIP - Equity-Income Investor Class | VIP - Equity-Income Investor Class | VIP - Equity-Income Investor Class | VIP - Equity-Income Investor Class | VIP - Equity-Income Investor Class | VIP - Equity-Income Investor Class | VIP - Equity-Income Investor Class | VIP - Equity-Income Investor Class | VIP - Equity-Income Investor Class | VIP - Equity-Income Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 1419 | $54.06 | $47.75 | $73709 | 0.10% | 0.25% | 1.77% | 18.81% | 18.63% |
| &nbsp;&nbsp;&nbsp; 2024 | 1428 | $45.50 | $40.25 | $62153 | 0.10% | 0.25% | 1.80% | 15.14% | 14.97% |
| &nbsp;&nbsp;&nbsp; 2023 | 1478 | $39.52 | $57.80 | $55926 | 0.10% | 0.25% | 1.82% | 10.45% | 10.30% |
| &nbsp;&nbsp;&nbsp; 2022 | 1619 | $35.78 | $52.41 | $55573 | 0.10% | 0.25% | 1.90% | (5.11%) | (5.26%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1632 | $37.71 | $55.32 | $59322 | 0.10% | 0.25% | 1.90% | 24.71% | 24.52% |

---

---

| | |
|:---|:---|
| **64** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**6. Unit Values - continued** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Unit value (4)** | **Unit value (4)** | | **Expense ratio (1)(4)** | **Expense ratio (1)(4)** | | **Total Return (3)(4)** | **Total Return (3)(4)** |
|  |<br>**Units**<br>**(000s)** | **Highest** | **Lowest** |<br>**Net assets**<br>**(000s)** | **Lowest** | **Highest** |<br>**Investment<br>income ratio (2)** | **Highest** | **Lowest** |
|  VIP - Growth Initial Class | VIP - Growth Initial Class | VIP - Growth Initial Class | VIP - Growth Initial Class | VIP - Growth Initial Class | VIP - Growth Initial Class | VIP - Growth Initial Class | VIP - Growth Initial Class | VIP - Growth Initial Class | VIP - Growth Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 167 | $519.23 | $492.09 | $86471 | 0.80% | 1.00% | 0.28% | 13.98% | 13.71% |
| &nbsp;&nbsp;&nbsp; 2024 | 191 | $455.56 | $432.77 | $86842 | 0.80% | 1.00% |  | 29.34% | 29.13% |
| &nbsp;&nbsp;&nbsp; 2023 | 207 | $352.20 | $335.14 | $72832 | 0.80% | 1.00% | 0.13% | 35.15% | 34.88% |
| &nbsp;&nbsp;&nbsp; 2022 | 221 | $260.60 | $248.48 | $57602 | 0.80% | 1.00% | 0.62% | (25.06%) | (25.21%) |
| &nbsp;&nbsp;&nbsp; 2021 | 250 | $347.74 | $332.23 | $86851 | 0.80% | 1.00% |  | 22.23% | 21.98% |
|  VIP - Growth Investor Class | VIP - Growth Investor Class | VIP - Growth Investor Class | VIP - Growth Investor Class | VIP - Growth Investor Class | VIP - Growth Investor Class | VIP - Growth Investor Class | VIP - Growth Investor Class | VIP - Growth Investor Class | VIP - Growth Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 975 | $111.10 | $102.25 | $105370 | 0.10% | 0.25% | 0.22% | 14.70% | 14.53% |
| &nbsp;&nbsp;&nbsp; 2024 | 1126 | $96.86 | $89.28 | $106459 | 0.10% | 0.25% |  | 30.17% | 29.97% |
| &nbsp;&nbsp;&nbsp; 2023 | 1024 | $74.41 | $106.29 | $74161 | 0.10% | 0.25% | 0.07% | 35.99% | 35.78% |
| &nbsp;&nbsp;&nbsp; 2022 | 997 | $54.72 | $78.28 | $53077 | 0.10% | 0.25% | 0.54% | (24.59%) | (24.70%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1076 | $72.56 | $103.96 | $76009 | 0.10% | 0.25% | 0.00% | 23.00% | 22.82% |
|  VIP - Overseas Initial Class | VIP - Overseas Initial Class | VIP - Overseas Initial Class | VIP - Overseas Initial Class | VIP - Overseas Initial Class | VIP - Overseas Initial Class | VIP - Overseas Initial Class | VIP - Overseas Initial Class | VIP - Overseas Initial Class | VIP - Overseas Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 91 | $88.41 | $83.79 | $8087 | 0.80% | 1.00% | 1.57% | 19.41% | 19.19% |
| &nbsp;&nbsp;&nbsp; 2024 | 92 | $74.04 | $70.30 | $6810 | 0.80% | 1.00% | 1.59% | 4.21% | 4.01% |
| &nbsp;&nbsp;&nbsp; 2023 | 102 | $71.04 | $67.60 | $7250 | 0.80% | 1.00% | 1.02% | 19.55% | 19.30% |
| &nbsp;&nbsp;&nbsp; 2022 | 111 | $59.42 | $56.66 | $6589 | 0.80% | 1.00% | 1.05% | (25.09%) | (25.24%) |
| &nbsp;&nbsp;&nbsp; 2021 | 124 | $79.32 | $75.78 | $9809 | 0.80% | 1.00% | 0.53% | 18.74% | 18.50% |
|  VIP - Overseas Investor Class | VIP - Overseas Investor Class | VIP - Overseas Investor Class | VIP - Overseas Investor Class | VIP - Overseas Investor Class | VIP - Overseas Investor Class | VIP - Overseas Investor Class | VIP - Overseas Investor Class | VIP - Overseas Investor Class | VIP - Overseas Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 914 | $30.73 | $30.79 | $28208 | 0.10% | 0.25% | 1.59% | 20.18% | 20.00% |
| &nbsp;&nbsp;&nbsp; 2024 | 818 | $25.57 | $25.65 | $21041 | 0.10% | 0.25% | 1.50% | 4.87% | 4.71% |
| &nbsp;&nbsp;&nbsp; 2023 | 917 | $24.38 | $33.33 | $22574 | 0.10% | 0.25% | 0.98% | 20.29% | 20.09% |
| &nbsp;&nbsp;&nbsp; 2022 | 904 | $20.27 | $27.75 | $18540 | 0.10% | 0.25% | 1.00% | (24.62%) | (24.73%) |
| &nbsp;&nbsp;&nbsp; 2021 | 969 | $26.89 | $36.87 | $26348 | 0.10% | 0.25% | 0.49% | 19.51% | 19.33% |
|  VIP - Investment Grade Bond Initial Class | VIP - Investment Grade Bond Initial Class | VIP - Investment Grade Bond Initial Class | VIP - Investment Grade Bond Initial Class | VIP - Investment Grade Bond Initial Class | VIP - Investment Grade Bond Initial Class | VIP - Investment Grade Bond Initial Class | VIP - Investment Grade Bond Initial Class | VIP - Investment Grade Bond Initial Class | VIP - Investment Grade Bond Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 185 | $48.59 | $46.05 | $8842 | 0.80% | 1.00% | 3.50% | 6.37% | 6.11% |
| &nbsp;&nbsp;&nbsp; 2024 | 209 | $45.68 | $43.40 | $9429 | 0.80% | 1.00% | 3.43% | 0.97% | 0.81% |
| &nbsp;&nbsp;&nbsp; 2023 | 229 | $45.25 | $43.05 | $10316 | 0.80% | 1.00% | 2.49% | 5.34% | 5.14% |
| &nbsp;&nbsp;&nbsp; 2022 | 270 | $42.95 | $40.95 | $11509 | 0.80% | 1.00% | 2.17% | (13.65%) | (13.82%) |
| &nbsp;&nbsp;&nbsp; 2021 | 320 | $49.74 | $47.52 | $15822 | 0.80% | 1.00% | 2.00% | (1.40%) | (1.60%) |
|  VIP - Investment Grade Bond Investor Class | VIP - Investment Grade Bond Investor Class | VIP - Investment Grade Bond Investor Class | VIP - Investment Grade Bond Investor Class | VIP - Investment Grade Bond Investor Class | VIP - Investment Grade Bond Investor Class | VIP - Investment Grade Bond Investor Class | VIP - Investment Grade Bond Investor Class | VIP - Investment Grade Bond Investor Class | VIP - Investment Grade Bond Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 4184 | $14.99 | $18.96 | $67756 | 0.10% | 0.25% | 3.62% | 7.07% | 6.94% |
| &nbsp;&nbsp;&nbsp; 2024 | 3994 | $14.00 | $17.73 | $61579 | 0.10% | 0.25% | 3.62% | 1.64% | 1.49% |
| &nbsp;&nbsp;&nbsp; 2023 | 3818 | $13.77 | $17.47 | $58755 | 0.10% | 0.25% | 2.53% | 6.02% | 5.82% |
| &nbsp;&nbsp;&nbsp; 2022 | 4075 | $12.99 | $16.51 | $59176 | 0.10% | 0.25% | 2.17% | (13.06%) | (13.15%) |
| &nbsp;&nbsp;&nbsp; 2021 | 4655 | $14.94 | $19.01 | $78013 | 0.10% | 0.25% | 2.00% | (0.74%) | (0.89%) |
|  VIP - Asset Manager 50% Initial Class (B) | VIP - Asset Manager 50% Initial Class (B) | VIP - Asset Manager 50% Initial Class (B) | VIP - Asset Manager 50% Initial Class (B) | VIP - Asset Manager 50% Initial Class (B) | VIP - Asset Manager 50% Initial Class (B) | VIP - Asset Manager 50% Initial Class (B) | VIP - Asset Manager 50% Initial Class (B) | VIP - Asset Manager 50% Initial Class (B) | VIP - Asset Manager 50% Initial Class (B) |
| &nbsp;&nbsp;&nbsp; 2025 | 203 | $96.17 | $91.14 | $19402 | 0.80% | 1.00% | 2.40% | 14.07% | 13.78% |
| &nbsp;&nbsp;&nbsp; 2024 | 230 | $84.31 | $80.10 | $19311 | 0.80% | 1.00% | 2.40% | 7.62% | 7.42% |
| &nbsp;&nbsp;&nbsp; 2023 | 256 | $78.34 | $74.54 | $19968 | 0.80% | 1.00% | 2.21% | 12.04% | 11.83% |
| &nbsp;&nbsp;&nbsp; 2022 | 299 | $69.92 | $66.66 | $20906 | 0.80% | 1.00% | 2.05% | (15.61%) | (15.79%) |
| &nbsp;&nbsp;&nbsp; 2021 | 321 | $82.85 | $79.16 | $26545 | 0.80% | 1.00% | 1.58% | 9.04% | 8.82% |
|  VIP - Asset Manager 50% Investor Class (B) | VIP - Asset Manager 50% Investor Class (B) | VIP - Asset Manager 50% Investor Class (B) | VIP - Asset Manager 50% Investor Class (B) | VIP - Asset Manager 50% Investor Class (B) | VIP - Asset Manager 50% Investor Class (B) | VIP - Asset Manager 50% Investor Class (B) | VIP - Asset Manager 50% Investor Class (B) | VIP - Asset Manager 50% Investor Class (B) | VIP - Asset Manager 50% Investor Class (B) |
| &nbsp;&nbsp;&nbsp; 2025 | 847 | $28.90 | $33.34 | $26059 | 0.10% | 0.25% | 2.61% | 14.77% | 14.61% |
| &nbsp;&nbsp;&nbsp; 2024 | 835 | $25.18 | $29.09 | $22523 | 0.10% | 0.25% | 2.36% | 8.25% | 8.09% |
| &nbsp;&nbsp;&nbsp; 2023 | 899 | $23.26 | $32.46 | $22444 | 0.10% | 0.25% | 2.21% | 12.80% | 12.64% |
| &nbsp;&nbsp;&nbsp; 2022 | 1029 | $20.62 | $28.82 | $22790 | 0.10% | 0.25% | 2.00% | (15.10%) | (15.22%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1105 | $24.29 | $34.00 | $28968 | 0.10% | 0.25% | 1.50% | 9.74% | 9.58% |
|  VIP - Index 500 Initial Class | VIP - Index 500 Initial Class | VIP - Index 500 Initial Class | VIP - Index 500 Initial Class | VIP - Index 500 Initial Class | VIP - Index 500 Initial Class | VIP - Index 500 Initial Class | VIP - Index 500 Initial Class | VIP - Index 500 Initial Class | VIP - Index 500 Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 6874 | $81.00 | $213.03 | $599746 | 0.10% | 1.00% | 1.16% | 17.66% | 16.49% |
| &nbsp;&nbsp;&nbsp; 2024 | 7379 | $68.84 | $182.87 | $550293 | 0.10% | 1.00% | 1.30% | 24.77% | 23.68% |
| &nbsp;&nbsp;&nbsp; 2023 | 7272 | $55.17 | $147.76 | $438282 | 0.10% | 1.00% | 1.51% | 26.08% | 24.94% |
| &nbsp;&nbsp;&nbsp; 2022 | 7089 | $43.76 | $118.27 | $342362 | 0.10% | 1.00% | 1.49% | (18.30%) | (19.03%) |
| &nbsp;&nbsp;&nbsp; 2021 | 6845 | $53.56 | $146.07 | $410684 | 0.10% | 1.00% | 1.26% | 28.45% | 27.29% |
|  VIP - Asset Manager 70% Initial Class (B) | VIP - Asset Manager 70% Initial Class (B) | VIP - Asset Manager 70% Initial Class (B) | VIP - Asset Manager 70% Initial Class (B) | VIP - Asset Manager 70% Initial Class (B) | VIP - Asset Manager 70% Initial Class (B) | VIP - Asset Manager 70% Initial Class (B) | VIP - Asset Manager 70% Initial Class (B) | VIP - Asset Manager 70% Initial Class (B) | VIP - Asset Manager 70% Initial Class (B) |
| &nbsp;&nbsp;&nbsp; 2025 | 85 | $74.92 | $71.00 | $6398 | 0.80% | 1.00% | 1.79% | 17.30% | 17.05% |
| &nbsp;&nbsp;&nbsp; 2024 | 92 | $63.87 | $60.66 | $5906 | 0.80% | 1.00% | 1.74% | 9.92% | 9.71% |
| &nbsp;&nbsp;&nbsp; 2023 | 99 | $58.11 | $55.29 | $5720 | 0.80% | 1.00% | 1.70% | 15.43% | 15.20% |
| &nbsp;&nbsp;&nbsp; 2022 | 126 | $50.34 | $48.00 | $6310 | 0.80% | 1.00% | 1.76% | (17.54%) | (17.71%) |
| &nbsp;&nbsp;&nbsp; 2021 | 145 | $61.05 | $58.32 | $8783 | 0.80% | 1.00% | 1.41% | 13.05% | 12.82% |

---

---

| | |
|:---|:---|
| **65** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**6. Unit Values - continued** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Unit value (4)** | **Unit value (4)** | | **Expense ratio (1)(4)** | **Expense ratio (1)(4)** | | **Total Return (3)(4)** | **Total Return (3)(4)** |
|  |<br>**Units**<br>**(000s)** | **Highest** | **Lowest** |<br>**Net assets**<br>**(000s)** | **Lowest** | **Highest** |<br>**Investment<br>income ratio (2)** | **Highest** | **Lowest** |
|  VIP - Asset Manager 70% Investor Class (B) | VIP - Asset Manager 70% Investor Class (B) | VIP - Asset Manager 70% Investor Class (B) | VIP - Asset Manager 70% Investor Class (B) | VIP - Asset Manager 70% Investor Class (B) | VIP - Asset Manager 70% Investor Class (B) | VIP - Asset Manager 70% Investor Class (B) | VIP - Asset Manager 70% Investor Class (B) | VIP - Asset Manager 70% Investor Class (B) | VIP - Asset Manager 70% Investor Class (B) |
| &nbsp;&nbsp;&nbsp; 2025 | 464 | $36.79 | $39.67 | $18322 | 0.10% | 0.25% | 2.27% | 18.07% | 17.86% |
| &nbsp;&nbsp;&nbsp; 2024 | 368 | $31.16 | $33.66 | $12365 | 0.10% | 0.25% | 1.76% | 10.62% | 10.45% |
| &nbsp;&nbsp;&nbsp; 2023 | 359 | $28.17 | $40.56 | $10961 | 0.10% | 0.25% | 1.77% | 16.13% | 15.96% |
| &nbsp;&nbsp;&nbsp; 2022 | 395 | $24.26 | $34.97 | $10339 | 0.10% | 0.25% | 1.77% | (17.01%) | (17.15%) |
| &nbsp;&nbsp;&nbsp; 2021 | 402 | $29.23 | $42.21 | $12641 | 0.10% | 0.25% | 1.41% | 13.77% | 13.60% |
|  VIP - Contrafund Initial Class | VIP - Contrafund Initial Class | VIP - Contrafund Initial Class | VIP - Contrafund Initial Class | VIP - Contrafund Initial Class | VIP - Contrafund Initial Class | VIP - Contrafund Initial Class | VIP - Contrafund Initial Class | VIP - Contrafund Initial Class | VIP - Contrafund Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 615 | $296.85 | $281.33 | $181774 | 0.80% | 1.00% | 0.14% | 20.51% | 20.16% |
| &nbsp;&nbsp;&nbsp; 2024 | 679 | $246.33 | $234.12 | $166778 | 0.80% | 1.00% | 0.19% | 32.71% | 32.47% |
| &nbsp;&nbsp;&nbsp; 2023 | 736 | $185.60 | $176.62 | $136360 | 0.80% | 1.00% | 0.49% | 32.39% | 32.12% |
| &nbsp;&nbsp;&nbsp; 2022 | 809 | $140.20 | $133.68 | $113088 | 0.80% | 1.00% | 0.50% | (26.90%) | (27.05%) |
| &nbsp;&nbsp;&nbsp; 2021 | 876 | $191.79 | $183.24 | $167541 | 0.80% | 1.00% | 0.06% | 26.81% | 26.56% |
|  VIP - Contrafund Investor Class | VIP - Contrafund Investor Class | VIP - Contrafund Investor Class | VIP - Contrafund Investor Class | VIP - Contrafund Investor Class | VIP - Contrafund Investor Class | VIP - Contrafund Investor Class | VIP - Contrafund Investor Class | VIP - Contrafund Investor Class | VIP - Contrafund Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 3931 | $83.48 | $87.08 | $336142 | 0.10% | 0.25% | 0.10% | 21.27% | 20.98% |
| &nbsp;&nbsp;&nbsp; 2024 | 4122 | $68.84 | $71.98 | $291328 | 0.10% | 0.25% | 0.14% | 33.57% | 33.36% |
| &nbsp;&nbsp;&nbsp; 2023 | 4112 | $51.54 | $77.69 | $218696 | 0.10% | 0.25% | 0.44% | 33.22% | 33.01% |
| &nbsp;&nbsp;&nbsp; 2022 | 4247 | $38.69 | $58.40 | $169789 | 0.10% | 0.25% | 0.43% | (26.45%) | (26.57%) |
| &nbsp;&nbsp;&nbsp; 2021 | 4469 | $52.60 | $79.53 | $242968 | 0.10% | 0.25% | 0.05% | 27.62% | 27.42% |
|  VIP - Balanced Initial Class | VIP - Balanced Initial Class | VIP - Balanced Initial Class | VIP - Balanced Initial Class | VIP - Balanced Initial Class | VIP - Balanced Initial Class | VIP - Balanced Initial Class | VIP - Balanced Initial Class | VIP - Balanced Initial Class | VIP - Balanced Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 177 | $73.91 | $70.05 | $13042 | 0.80% | 1.00% | 1.67% | 14.27% | 14.07% |
| &nbsp;&nbsp;&nbsp; 2024 | 219 | $64.48 | $61.41 | $14088 | 0.80% | 1.00% | 1.79% | 14.99% | 14.76% |
| &nbsp;&nbsp;&nbsp; 2023 | 250 | $56.24 | $53.52 | $14021 | 0.80% | 1.00% | 1.70% | 20.56% | 20.32% |
| &nbsp;&nbsp;&nbsp; 2022 | 291 | $46.65 | $44.48 | $13540 | 0.80% | 1.00% | 1.26% | (18.60%) | (18.76%) |
| &nbsp;&nbsp;&nbsp; 2021 | 319 | $57.31 | $54.75 | $18230 | 0.80% | 1.00% | 0.92% | 17.32% | 17.08% |
|  VIP - Balanced Investor Class | VIP - Balanced Investor Class | VIP - Balanced Investor Class | VIP - Balanced Investor Class | VIP - Balanced Investor Class | VIP - Balanced Investor Class | VIP - Balanced Investor Class | VIP - Balanced Investor Class | VIP - Balanced Investor Class | VIP - Balanced Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 7109 | $47.58 | $61.40 | $348686 | 0.10% | 1.40% | 1.69% | 15.07% | 13.56% |
| &nbsp;&nbsp;&nbsp; 2024 | 7628 | $41.35 | $54.07 | $326132 | 0.10% | 1.40% | 1.80% | 15.72% | 14.20% |
| &nbsp;&nbsp;&nbsp; 2023 | 8052 | $35.74 | $47.35 | $299494 | 0.10% | 1.40% | 1.65% | 21.11% | 19.72% |
| &nbsp;&nbsp;&nbsp; 2022 | 8703 | $29.46 | $39.55 | $266472 | 0.10% | 1.40% | 1.19% | (18.12%) | (19.17%) |
| &nbsp;&nbsp;&nbsp; 2021 | 9046 | $35.98 | $48.93 | $336919 | 0.10% | 1.40% | 0.89% | 18.06% | 16.52% |
|  VIP - Dynamic Capital Appreciation Initial Class | VIP - Dynamic Capital Appreciation Initial Class | VIP - Dynamic Capital Appreciation Initial Class | VIP - Dynamic Capital Appreciation Initial Class | VIP - Dynamic Capital Appreciation Initial Class | VIP - Dynamic Capital Appreciation Initial Class | VIP - Dynamic Capital Appreciation Initial Class | VIP - Dynamic Capital Appreciation Initial Class | VIP - Dynamic Capital Appreciation Initial Class | VIP - Dynamic Capital Appreciation Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 41 | $97.65 | $93.37 | $3985 | 0.80% | 1.00% | 0.59% | 17.84% | 17.61% |
| &nbsp;&nbsp;&nbsp; 2024 | 44 | $82.87 | $79.39 | $3654 | 0.80% | 1.00% | 0.22% | 24.52% | 24.26% |
| &nbsp;&nbsp;&nbsp; 2023 | 31 | $66.55 | $63.89 | $2099 | 0.80% | 1.00% | 0.37% | 28.04% | 27.78% |
| &nbsp;&nbsp;&nbsp; 2022 | 30 | $51.98 | $50.00 | $1578 | 0.80% | 1.00% | 0.30% | (21.50%) | (21.66%) |
| &nbsp;&nbsp;&nbsp; 2021 | 32 | $66.22 | $63.82 | $2158 | 0.80% | 1.00% | 0.40% | 23.63% | 23.38% |
|  VIP - Dynamic Capital Appreciation Investor Class | VIP - Dynamic Capital Appreciation Investor Class | VIP - Dynamic Capital Appreciation Investor Class | VIP - Dynamic Capital Appreciation Investor Class | VIP - Dynamic Capital Appreciation Investor Class | VIP - Dynamic Capital Appreciation Investor Class | VIP - Dynamic Capital Appreciation Investor Class | VIP - Dynamic Capital Appreciation Investor Class | VIP - Dynamic Capital Appreciation Investor Class | VIP - Dynamic Capital Appreciation Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 227 | $84.79 | $87.79 | $19904 | 0.10% | 0.25% | 0.50% | 18.55% | 18.36% |
| &nbsp;&nbsp;&nbsp; 2024 | 246 | $71.52 | $74.16 | $18192 | 0.10% | 0.25% | 0.16% | 25.30% | 25.11% |
| &nbsp;&nbsp;&nbsp; 2023 | 256 | $57.08 | $89.56 | $15135 | 0.10% | 0.25% | 0.29% | 28.80% | 28.59% |
| &nbsp;&nbsp;&nbsp; 2022 | 236 | $44.32 | $69.64 | $10846 | 0.10% | 0.25% | 0.23% | (20.97%) | (21.08%) |
| &nbsp;&nbsp;&nbsp; 2021 | 290 | $56.08 | $88.25 | $16776 | 0.10% | 0.25% | 0.34% | 24.33% | 24.15% |
|  VIP - Growth & Income Initial Class | VIP - Growth & Income Initial Class | VIP - Growth & Income Initial Class | VIP - Growth & Income Initial Class | VIP - Growth & Income Initial Class | VIP - Growth & Income Initial Class | VIP - Growth & Income Initial Class | VIP - Growth & Income Initial Class | VIP - Growth & Income Initial Class | VIP - Growth & Income Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 215 | $101.62 | $96.31 | $21865 | 0.80% | 1.00% | 1.59% | 20.53% | 20.19% |
| &nbsp;&nbsp;&nbsp; 2024 | 220 | $84.31 | $80.13 | $18527 | 0.80% | 1.00% | 1.45% | 21.23% | 21.01% |
| &nbsp;&nbsp;&nbsp; 2023 | 239 | $69.54 | $66.18 | $16534 | 0.80% | 1.00% | 1.61% | 17.77% | 17.54% |
| &nbsp;&nbsp;&nbsp; 2022 | 273 | $59.05 | $56.30 | $16062 | 0.80% | 1.00% | 1.59% | (5.71%) | (5.90%) |
| &nbsp;&nbsp;&nbsp; 2021 | 301 | $62.62 | $59.83 | $18746 | 0.80% | 1.00% | 2.38% | 24.94% | 24.69% |
|  VIP - Growth & Income Investor Class | VIP - Growth & Income Investor Class | VIP - Growth & Income Investor Class | VIP - Growth & Income Investor Class | VIP - Growth & Income Investor Class | VIP - Growth & Income Investor Class | VIP - Growth & Income Investor Class | VIP - Growth & Income Investor Class | VIP - Growth & Income Investor Class | VIP - Growth & Income Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 638 | $73.28 | $67.35 | $45815 | 0.10% | 0.25% | 1.54% | 21.26% | 21.08% |
| &nbsp;&nbsp;&nbsp; 2024 | 651 | $60.43 | $55.62 | $38463 | 0.10% | 0.25% | 1.45% | 22.05% | 21.87% |
| &nbsp;&nbsp;&nbsp; 2023 | 688 | $49.51 | $67.10 | $33214 | 0.10% | 0.25% | 1.48% | 18.50% | 18.34% |
| &nbsp;&nbsp;&nbsp; 2022 | 834 | $41.78 | $56.71 | $34095 | 0.10% | 0.25% | 1.69% | (5.10%) | (5.24%) |
| &nbsp;&nbsp;&nbsp; 2021 | 762 | $44.03 | $59.85 | $32883 | 0.10% | 0.25% | 2.41% | 25.67% | 25.48% |
|  VIP - Growth Opportunities Initial Class | VIP - Growth Opportunities Initial Class | VIP - Growth Opportunities Initial Class | VIP - Growth Opportunities Initial Class | VIP - Growth Opportunities Initial Class | VIP - Growth Opportunities Initial Class | VIP - Growth Opportunities Initial Class | VIP - Growth Opportunities Initial Class | VIP - Growth Opportunities Initial Class | VIP - Growth Opportunities Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 182 | $143.09 | $135.61 | $25579 | 0.80% | 1.00% |  | 20.96% | 20.69% |
| &nbsp;&nbsp;&nbsp; 2024 | 200 | $118.30 | $112.36 | $23156 | 0.80% | 1.00% |  | 37.77% | 37.53% |
| &nbsp;&nbsp;&nbsp; 2023 | 218 | $85.86 | $81.70 | $18647 | 0.80% | 1.00% |  | 44.49% | 44.19% |
| &nbsp;&nbsp;&nbsp; 2022 | 233 | $59.42 | $56.66 | $13789 | 0.80% | 1.00% |  | (38.64%) | (38.77%) |
| &nbsp;&nbsp;&nbsp; 2021 | 304 | $96.85 | $92.53 | $29335 | 0.80% | 1.00% |  | 11.05% | 10.82% |

---

---

| | |
|:---|:---|
| **66** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**6. Unit Values - continued** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Unit value (4)** | **Unit value (4)** | | **Expense ratio (1)(4)** | **Expense ratio (1)(4)** | | **Total Return (3)(4)** | **Total Return (3)(4)** |
|  |<br>**Units**<br>**(000s)** | **Highest** | **Lowest** |<br>**Net assets**<br>**(000s)** | **Lowest** | **Highest** |<br>**Investment<br>income ratio (2)** | **Highest** | **Lowest** |
|  VIP - Growth Opportunities Investor Class | VIP - Growth Opportunities Investor Class | VIP - Growth Opportunities Investor Class | VIP - Growth Opportunities Investor Class | VIP - Growth Opportunities Investor Class | VIP - Growth Opportunities Investor Class | VIP - Growth Opportunities Investor Class | VIP - Growth Opportunities Investor Class | VIP - Growth Opportunities Investor Class | VIP - Growth Opportunities Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 902 | $146.19 | $128.93 | $126959 | 0.10% | 0.25% |  | 21.73% | 21.55% |
| &nbsp;&nbsp;&nbsp; 2024 | 925 | $120.09 | $106.07 | $106988 | 0.10% | 0.25% |  | 38.65% | 38.44% |
| &nbsp;&nbsp;&nbsp; 2023 | 955 | $86.62 | $141.88 | $79328 | 0.10% | 0.25% |  | 45.43% | 45.20% |
| &nbsp;&nbsp;&nbsp; 2022 | 933 | $59.56 | $97.71 | $53464 | 0.10% | 0.25% |  | (38.27%) | (38.36%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1120 | $96.48 | $158.51 | $104067 | 0.10% | 0.25% |  | 11.75% | 11.59% |
|  VIP - Mid Cap Initial Class | VIP - Mid Cap Initial Class | VIP - Mid Cap Initial Class | VIP - Mid Cap Initial Class | VIP - Mid Cap Initial Class | VIP - Mid Cap Initial Class | VIP - Mid Cap Initial Class | VIP - Mid Cap Initial Class | VIP - Mid Cap Initial Class | VIP - Mid Cap Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 260 | $93.62 | $88.89 | $24098 | 0.80% | 1.00% | 0.43% | 10.79% | 10.56% |
| &nbsp;&nbsp;&nbsp; 2024 | 299 | $84.50 | $80.40 | $25046 | 0.80% | 1.00% | 0.53% | 16.56% | 16.32% |
| &nbsp;&nbsp;&nbsp; 2023 | 334 | $72.46 | $69.08 | $24120 | 0.80% | 1.00% | 0.58% | 14.16% | 13.92% |
| &nbsp;&nbsp;&nbsp; 2022 | 386 | $63.47 | $60.64 | $24373 | 0.80% | 1.00% | 0.50% | (15.43%) | (15.59%) |
| &nbsp;&nbsp;&nbsp; 2021 | 408 | $75.05 | $71.84 | $30493 | 0.80% | 1.00% | 0.62% | 24.60% | 24.35% |
|  VIP - Mid Cap Investor Class | VIP - Mid Cap Investor Class | VIP - Mid Cap Investor Class | VIP - Mid Cap Investor Class | VIP - Mid Cap Investor Class | VIP - Mid Cap Investor Class | VIP - Mid Cap Investor Class | VIP - Mid Cap Investor Class | VIP - Mid Cap Investor Class | VIP - Mid Cap Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 1212 | $45.33 | $57.00 | $59771 | 0.10% | 0.25% | 0.35% | 11.57% | 11.40% |
| &nbsp;&nbsp;&nbsp; 2024 | 1425 | $40.63 | $51.16 | $63173 | 0.10% | 0.25% | 0.50% | 17.29% | 17.11% |
| &nbsp;&nbsp;&nbsp; 2023 | 1475 | $34.64 | $60.99 | $56434 | 0.10% | 0.25% | 0.52% | 14.90% | 14.73% |
| &nbsp;&nbsp;&nbsp; 2022 | 1624 | $30.15 | $53.16 | $54232 | 0.10% | 0.25% | 0.46% | (14.92%) | (15.04%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1615 | $35.44 | $62.57 | $63540 | 0.10% | 0.25% | 0.55% | 25.41% | 25.23% |
|  VIP - Value Strategies Initial Class | VIP - Value Strategies Initial Class | VIP - Value Strategies Initial Class | VIP - Value Strategies Initial Class | VIP - Value Strategies Initial Class | VIP - Value Strategies Initial Class | VIP - Value Strategies Initial Class | VIP - Value Strategies Initial Class | VIP - Value Strategies Initial Class | VIP - Value Strategies Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 68 | $58.73 | $56.15 | $3974 | 0.80% | 1.00% | 1.12% | 7.11% | 6.89% |
| &nbsp;&nbsp;&nbsp; 2024 | 74 | $54.83 | $52.53 | $4058 | 0.80% | 1.00% | 0.94% | 8.52% | 8.31% |
| &nbsp;&nbsp;&nbsp; 2023 | 105 | $50.52 | $48.50 | $5278 | 0.80% | 1.00% | 1.15% | 19.89% | 19.63% |
| &nbsp;&nbsp;&nbsp; 2022 | 114 | $42.14 | $40.54 | $4791 | 0.80% | 1.00% | 1.02% | (7.77%) | (7.95%) |
| &nbsp;&nbsp;&nbsp; 2021 | 135 | $45.69 | $44.04 | $6148 | 0.80% | 1.00% | 1.53% | 32.53% | 32.26% |
|  VIP - Value Strategies Investor Class | VIP - Value Strategies Investor Class | VIP - Value Strategies Investor Class | VIP - Value Strategies Investor Class | VIP - Value Strategies Investor Class | VIP - Value Strategies Investor Class | VIP - Value Strategies Investor Class | VIP - Value Strategies Investor Class | VIP - Value Strategies Investor Class | VIP - Value Strategies Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 315 | $51.77 | $50.46 | $16297 | 0.10% | 0.25% | 0.96% | 7.79% | 7.61% |
| &nbsp;&nbsp;&nbsp; 2024 | 381 | $48.03 | $46.89 | $18347 | 0.10% | 0.25% | 0.94% | 9.26% | 9.09% |
| &nbsp;&nbsp;&nbsp; 2023 | 439 | $43.96 | $89.88 | $19397 | 0.10% | 0.25% | 1.06% | 20.61% | 20.45% |
| &nbsp;&nbsp;&nbsp; 2022 | 501 | $36.45 | $74.63 | $18509 | 0.10% | 0.25% | 0.98% | (7.19%) | (7.33%) |
| &nbsp;&nbsp;&nbsp; 2021 | 574 | $39.27 | $80.54 | $22829 | 0.10% | 0.25% | 1.44% | 33.35% | 33.15% |
|  VIP - Utilities Initial Class | VIP - Utilities Initial Class | VIP - Utilities Initial Class | VIP - Utilities Initial Class | VIP - Utilities Initial Class | VIP - Utilities Initial Class | VIP - Utilities Initial Class | VIP - Utilities Initial Class | VIP - Utilities Initial Class | VIP - Utilities Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 39 | $59.03 | $56.19 | $2262 | 0.80% | 1.00% | 1.72% | 13.19% | 12.97% |
| &nbsp;&nbsp;&nbsp; 2024 | 48 | $52.15 | $49.74 | $2512 | 0.80% | 1.00% | 2.18% | 27.96% | 27.70% |
| &nbsp;&nbsp;&nbsp; 2023 | 43 | $40.75 | $38.95 | $1738 | 0.80% | 1.00% | 1.62% | (1.83%) | (2.01%) |
| &nbsp;&nbsp;&nbsp; 2022 | 176 | $41.51 | $39.75 | $7297 | 0.80% | 1.00% | 2.18% | 4.59% | 4.37% |
| &nbsp;&nbsp;&nbsp; 2021 | 50 | $39.69 | $38.09 | $1949 | 0.80% | 1.00% | 1.86% | 16.56% | 16.32% |
|  VIP - Utilities Investor Class | VIP - Utilities Investor Class | VIP - Utilities Investor Class | VIP - Utilities Investor Class | VIP - Utilities Investor Class | VIP - Utilities Investor Class | VIP - Utilities Investor Class | VIP - Utilities Investor Class | VIP - Utilities Investor Class | VIP - Utilities Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 427 | $53.07 | $63.97 | $24178 | 0.10% | 0.25% | 1.73% | 13.91% | 13.73% |
| &nbsp;&nbsp;&nbsp; 2024 | 425 | $46.59 | $56.24 | $21322 | 0.10% | 0.25% | 2.17% | 28.76% | 28.57% |
| &nbsp;&nbsp;&nbsp; 2023 | 378 | $36.18 | $44.57 | $14710 | 0.10% | 0.25% | 2.13% | (1.23%) | (1.37%) |
| &nbsp;&nbsp;&nbsp; 2022 | 445 | $36.63 | $45.18 | $17683 | 0.10% | 0.25% | 1.50% | 5.29% | 5.12% |
| &nbsp;&nbsp;&nbsp; 2021 | 371 | $34.79 | $42.98 | $14028 | 0.10% | 0.25% | 1.75% | 17.25% | 17.08% |
|  VIP - Technology Initial Class | VIP - Technology Initial Class | VIP - Technology Initial Class | VIP - Technology Initial Class | VIP - Technology Initial Class | VIP - Technology Initial Class | VIP - Technology Initial Class | VIP - Technology Initial Class | VIP - Technology Initial Class | VIP - Technology Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 291 | $179.03 | $170.42 | $52269 | 0.80% | 1.00% |  | 21.79% | 21.54% |
| &nbsp;&nbsp;&nbsp; 2024 | 330 | $147.00 | $140.22 | $48392 | 0.80% | 1.00% |  | 34.50% | 34.23% |
| &nbsp;&nbsp;&nbsp; 2023 | 364 | $109.29 | $104.46 | $39692 | 0.80% | 1.00% | 0.13% | 57.05% | 56.73% |
| &nbsp;&nbsp;&nbsp; 2022 | 270 | $69.59 | $66.65 | $18819 | 0.80% | 1.00% |  | (36.37%) | (36.50%) |
| &nbsp;&nbsp;&nbsp; 2021 | 370 | $109.36 | $104.95 | $40419 | 0.80% | 1.00% |  | 27.14% | 26.88% |
|  VIP - Technology Investor Class | VIP - Technology Investor Class | VIP - Technology Investor Class | VIP - Technology Investor Class | VIP - Technology Investor Class | VIP - Technology Investor Class | VIP - Technology Investor Class | VIP - Technology Investor Class | VIP - Technology Investor Class | VIP - Technology Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 1240 | $163.69 | $209.73 | $218084 | 0.10% | 0.25% |  | 22.58% | 22.39% |
| &nbsp;&nbsp;&nbsp; 2024 | 1285 | $133.54 | $171.36 | $186629 | 0.10% | 0.25% |  | 35.35% | 35.15% |
| &nbsp;&nbsp;&nbsp; 2023 | 1301 | $98.66 | $226.18 | $141450 | 0.10% | 0.25% | 0.07% | 57.99% | 57.75% |
| &nbsp;&nbsp;&nbsp; 2022 | 1166 | $62.45 | $143.38 | $80511 | 0.10% | 0.25% |  | (35.94%) | (36.03%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1273 | $97.48 | $224.15 | $136899 | 0.10% | 0.25% |  | 27.94% | 27.74% |
|  VIP - Energy Initial Class | VIP - Energy Initial Class | VIP - Energy Initial Class | VIP - Energy Initial Class | VIP - Energy Initial Class | VIP - Energy Initial Class | VIP - Energy Initial Class | VIP - Energy Initial Class | VIP - Energy Initial Class | VIP - Energy Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 56 | $41.42 | $39.43 | $2309 | 0.80% | 1.00% | 2.12% | 9.69% | 9.47% |
| &nbsp;&nbsp;&nbsp; 2024 | 81 | $37.76 | $36.02 | $3043 | 0.80% | 1.00% | 2.02% | 3.46% | 3.27% |
| &nbsp;&nbsp;&nbsp; 2023 | 109 | $36.50 | $34.88 | $3981 | 0.80% | 1.00% | 2.45% | 0.19% | -0.02% |
| &nbsp;&nbsp;&nbsp; 2022 | 204 | $36.43 | $34.89 | $7369 | 0.80% | 1.00% | 2.50% | 61.87% | 61.56% |
| &nbsp;&nbsp;&nbsp; 2021 | 106 | $22.51 | $21.60 | $2384 | 0.80% | 1.00% | 2.77% | 54.11% | 53.80% |

---

---

| | |
|:---|:---|
| **67** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**6. Unit Values - continued** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Unit value (4)** | **Unit value (4)** | | **Expense ratio (1)(4)** | **Expense ratio (1)(4)** | | **Total Return (3)(4)** | **Total Return (3)(4)** |
|  |<br>**Units**<br>**(000s)** | **Highest** | **Lowest** |<br>**Net assets**<br>**(000s)** | **Lowest** | **Highest** |<br>**Investment<br>income ratio (2)** | **Highest** | **Lowest** |
|  VIP - Energy Investor Class | VIP - Energy Investor Class | VIP - Energy Investor Class | VIP - Energy Investor Class | VIP - Energy Investor Class | VIP - Energy Investor Class | VIP - Energy Investor Class | VIP - Energy Investor Class | VIP - Energy Investor Class | VIP - Energy Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 474 | $23.72 | $26.12 | $11729 | 0.10% | 0.25% | 1.96% | 10.38% | 10.24% |
| &nbsp;&nbsp;&nbsp; 2024 | 600 | $21.49 | $23.69 | $13524 | 0.10% | 0.25% | 1.90% | 4.10% | 3.94% |
| &nbsp;&nbsp;&nbsp; 2023 | 877 | $20.65 | $30.35 | $19042 | 0.10% | 0.25% | 2.63% | 0.81% | 0.65% |
| &nbsp;&nbsp;&nbsp; 2022 | 1342 | $20.48 | $30.15 | $29036 | 0.10% | 0.25% | 2.47% | 62.96% | 62.72% |
| &nbsp;&nbsp;&nbsp; 2021 | 1056 | $12.57 | $18.53 | $14012 | 0.10% | 0.25% | 2.69% | 55.00% | 54.77% |
|  VIP - Health Care Initial Class | VIP - Health Care Initial Class | VIP - Health Care Initial Class | VIP - Health Care Initial Class | VIP - Health Care Initial Class | VIP - Health Care Initial Class | VIP - Health Care Initial Class | VIP - Health Care Initial Class | VIP - Health Care Initial Class | VIP - Health Care Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 113 | $85.03 | $80.94 | $9642 | 0.80% | 1.00% | 0.39% | 13.48% | 13.25% |
| &nbsp;&nbsp;&nbsp; 2024 | 136 | $74.93 | $71.47 | $10194 | 0.80% | 1.00% |  | 4.29% | 4.08% |
| &nbsp;&nbsp;&nbsp; 2023 | 166 | $71.85 | $68.67 | $11880 | 0.80% | 1.00% |  | 3.42% | 3.22% |
| &nbsp;&nbsp;&nbsp; 2022 | 184 | $69.47 | $66.53 | $12733 | 0.80% | 1.00% |  | (13.10%) | (13.28%) |
| &nbsp;&nbsp;&nbsp; 2021 | 208 | $79.94 | $76.72 | $16599 | 0.80% | 1.00% | 0.09% | 10.84% | 10.62% |
|  VIP - Health Care Investor Class | VIP - Health Care Investor Class | VIP - Health Care Investor Class | VIP - Health Care Investor Class | VIP - Health Care Investor Class | VIP - Health Care Investor Class | VIP - Health Care Investor Class | VIP - Health Care Investor Class | VIP - Health Care Investor Class | VIP - Health Care Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 605 | $77.78 | $80.04 | $48012 | 0.10% | 0.25% | 0.30% | 14.15% | 13.98% |
| &nbsp;&nbsp;&nbsp; 2024 | 744 | $68.14 | $70.22 | $51788 | 0.10% | 0.25% |  | 4.95% | 4.79% |
| &nbsp;&nbsp;&nbsp; 2023 | 836 | $64.93 | $93.97 | $55587 | 0.10% | 0.25% |  | 4.11% | 3.95% |
| &nbsp;&nbsp;&nbsp; 2022 | 998 | $62.36 | $90.40 | $63661 | 0.10% | 0.25% |  | (12.58%) | (12.71%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1058 | $71.33 | $103.56 | $77197 | 0.10% | 0.25% | 0.07% | 11.54% | 11.38% |
|  VIP - Financials Initial Class (6) | VIP - Financials Initial Class (6) | VIP - Financials Initial Class (6) | VIP - Financials Initial Class (6) | VIP - Financials Initial Class (6) | VIP - Financials Initial Class (6) | VIP - Financials Initial Class (6) | VIP - Financials Initial Class (6) | VIP - Financials Initial Class (6) | VIP - Financials Initial Class (6) |
| &nbsp;&nbsp;&nbsp; 2025 | 34 | $39.45 | $37.56 | $1326 | 0.80% | 1.00% | 1.65% | 14.25% | 14.03% |
| &nbsp;&nbsp;&nbsp; 2024 | 43 | $34.53 | $32.94 | $1480 | 0.80% | 1.00% | 2.00% | 31.66% | 31.40% |
| &nbsp;&nbsp;&nbsp; 2023 | 42 | $26.23 | $25.07 | $1082 | 0.80% | 1.00% | 2.60% | 13.83% | 13.58% |
| &nbsp;&nbsp;&nbsp; 2022 | 45 | $23.04 | $22.07 | $1036 | 0.80% | 1.00% | 1.29% | (9.07%) | (9.24%) |
| &nbsp;&nbsp;&nbsp; 2021 | 72 | $25.34 | $24.32 | $1826 | 0.80% | 1.00% | 2.01% | 32.13% | 31.86% |
|  VIP - Financials Investor Class (6) | VIP - Financials Investor Class (6) | VIP - Financials Investor Class (6) | VIP - Financials Investor Class (6) | VIP - Financials Investor Class (6) | VIP - Financials Investor Class (6) | VIP - Financials Investor Class (6) | VIP - Financials Investor Class (6) | VIP - Financials Investor Class (6) | VIP - Financials Investor Class (6) |
| &nbsp;&nbsp;&nbsp; 2025 | 533 | $57.38 | $35.31 | $26717 | 0.10% | 0.25% | 1.65% | 14.97% | 14.79% |
| &nbsp;&nbsp;&nbsp; 2024 | 558 | $49.91 | $30.76 | $23687 | 0.10% | 0.25% | 1.74% | 32.61% | 32.41% |
| &nbsp;&nbsp;&nbsp; 2023 | 563 | $37.64 | $58.32 | $17854 | 0.10% | 0.25% | 2.58% | 14.44% | 14.27% |
| &nbsp;&nbsp;&nbsp; 2022 | 632 | $32.89 | $51.03 | $16983 | 0.10% | 0.25% | 1.87% | (8.46%) | (8.60%) |
| &nbsp;&nbsp;&nbsp; 2021 | 815 | $35.93 | $55.83 | $24906 | 0.10% | 0.25% | 1.87% | 33.00% | 32.80% |
|  VIP - Industrials Initial Class | VIP - Industrials Initial Class | VIP - Industrials Initial Class | VIP - Industrials Initial Class | VIP - Industrials Initial Class | VIP - Industrials Initial Class | VIP - Industrials Initial Class | VIP - Industrials Initial Class | VIP - Industrials Initial Class | VIP - Industrials Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 27 | $110.83 | $105.50 | $3183 | 0.80% | 1.00% | 0.10% | 23.53% | 23.28% |
| &nbsp;&nbsp;&nbsp; 2024 | 28 | $89.72 | $85.58 | $2586 | 0.80% | 1.00% | 0.68% | 22.64% | 22.40% |
| &nbsp;&nbsp;&nbsp; 2023 | 29 | $73.16 | $69.92 | $2094 | 0.80% | 1.00% | 0.31% | 22.28% | 22.03% |
| &nbsp;&nbsp;&nbsp; 2022 | 30 | $59.83 | $57.30 | $1808 | 0.80% | 1.00% | 0.17% | (11.02%) | (11.20%) |
| &nbsp;&nbsp;&nbsp; 2021 | 31 | $67.24 | $64.53 | $2099 | 0.80% | 1.00% |  | 16.15% | 15.92% |
|  VIP - Industrials Investor Class | VIP - Industrials Investor Class | VIP - Industrials Investor Class | VIP - Industrials Investor Class | VIP - Industrials Investor Class | VIP - Industrials Investor Class | VIP - Industrials Investor Class | VIP - Industrials Investor Class | VIP - Industrials Investor Class | VIP - Industrials Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 459 | $66.98 | $83.68 | $32683 | 0.10% | 0.25% | 0.05% | 24.29% | 24.11% |
| &nbsp;&nbsp;&nbsp; 2024 | 388 | $53.89 | $67.42 | $22507 | 0.10% | 0.25% | 0.69% | 23.41% | 23.23% |
| &nbsp;&nbsp;&nbsp; 2023 | 361 | $43.67 | $75.90 | $17085 | 0.10% | 0.25% | 0.24% | 23.07% | 22.90% |
| &nbsp;&nbsp;&nbsp; 2022 | 398 | $35.48 | $61.76 | $15219 | 0.10% | 0.25% | 0.12% | (10.50%) | (10.64%) |
| &nbsp;&nbsp;&nbsp; 2021 | 406 | $39.64 | $69.11 | $17242 | 0.10% | 0.25% |  | 16.91% | 16.74% |
|  VIP - Consumer Discretionary Initial Class | VIP - Consumer Discretionary Initial Class | VIP - Consumer Discretionary Initial Class | VIP - Consumer Discretionary Initial Class | VIP - Consumer Discretionary Initial Class | VIP - Consumer Discretionary Initial Class | VIP - Consumer Discretionary Initial Class | VIP - Consumer Discretionary Initial Class | VIP - Consumer Discretionary Initial Class | VIP - Consumer Discretionary Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 26 | $74.08 | $70.52 | $1886 | 0.80% | 1.00% | 0.07% | 5.95% | 5.74% |
| &nbsp;&nbsp;&nbsp; 2024 | 31 | $69.92 | $66.69 | $2168 | 0.80% | 1.00% | 0.05% | 23.71% | 23.45% |
| &nbsp;&nbsp;&nbsp; 2023 | 37 | $56.52 | $54.02 | $2124 | 0.80% | 1.00% | 0.08% | 40.88% | 40.57% |
| &nbsp;&nbsp;&nbsp; 2022 | 33 | $40.12 | $38.43 | $1325 | 0.80% | 1.00% |  | (35.16%) | (35.28%) |
| &nbsp;&nbsp;&nbsp; 2021 | 51 | $61.88 | $59.38 | $3171 | 0.80% | 1.00% |  | 18.45% | 18.21% |
|  VIP - Consumer Discretionary Investor Class | VIP - Consumer Discretionary Investor Class | VIP - Consumer Discretionary Investor Class | VIP - Consumer Discretionary Investor Class | VIP - Consumer Discretionary Investor Class | VIP - Consumer Discretionary Investor Class | VIP - Consumer Discretionary Investor Class | VIP - Consumer Discretionary Investor Class | VIP - Consumer Discretionary Investor Class | VIP - Consumer Discretionary Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 313 | $74.18 | $73.46 | $23306 | 0.10% | 0.25% | 0.07% | 6.60% | 6.44% |
| &nbsp;&nbsp;&nbsp; 2024 | 340 | $69.59 | $69.01 | $23779 | 0.10% | 0.25% | 0.04% | 24.50% | 24.31% |
| &nbsp;&nbsp;&nbsp; 2023 | 415 | $55.89 | $100.37 | $23250 | 0.10% | 0.25% | 0.01% | 41.79% | 41.55% |
| &nbsp;&nbsp;&nbsp; 2022 | 404 | $39.42 | $70.90 | $16022 | 0.10% | 0.25% |  | (34.77%) | (34.86%) |
| &nbsp;&nbsp;&nbsp; 2021 | 465 | $60.43 | $108.85 | $28276 | 0.10% | 0.25% |  | 19.20% | 19.02% |
|  VIP - Real Estate Initial Class | VIP - Real Estate Initial Class | VIP - Real Estate Initial Class | VIP - Real Estate Initial Class | VIP - Real Estate Initial Class | VIP - Real Estate Initial Class | VIP - Real Estate Initial Class | VIP - Real Estate Initial Class | VIP - Real Estate Initial Class | VIP - Real Estate Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 40 | $44.52 | $42.57 | $1749 | 0.80% | 1.00% | 1.91% | 2.27% | 2.09% |
| &nbsp;&nbsp;&nbsp; 2024 | 48 | $43.53 | $41.70 | $2072 | 0.80% | 1.00% | 4.03% | 5.67% | 5.44% |
| &nbsp;&nbsp;&nbsp; 2023 | 63 | $41.20 | $39.55 | $2577 | 0.80% | 1.00% | 2.39% | 10.30% | 10.10% |
| &nbsp;&nbsp;&nbsp; 2022 | 69 | $37.35 | $35.92 | $2564 | 0.80% | 1.00% | 1.32% | (28.09%) | (28.25%) |
| &nbsp;&nbsp;&nbsp; 2021 | 68 | $51.94 | $50.06 | $3557 | 0.80% | 1.00% | 1.17% | 37.88% | 37.60% |

---

---

| | |
|:---|:---|
| **68** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**6. Unit Values - continued** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Unit value (4)** | **Unit value (4)** | | **Expense ratio (1)(4)** | **Expense ratio (1)(4)** | | **Total Return (3)(4)** | **Total Return (3)(4)** |
|  |<br>**Units**<br>**(000s)** | **Highest** | **Lowest** |<br>**Net assets**<br>**(000s)** | **Lowest** | **Highest** |<br>**Investment<br>income ratio (2)** | **Highest** | **Lowest** |
|  VIP - Real Estate Investor Class | VIP - Real Estate Investor Class | VIP - Real Estate Investor Class | VIP - Real Estate Investor Class | VIP - Real Estate Investor Class | VIP - Real Estate Investor Class | VIP - Real Estate Investor Class | VIP - Real Estate Investor Class | VIP - Real Estate Investor Class | VIP - Real Estate Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 404 | $27.23 | $30.57 | $11608 | 0.10% | 0.25% | 1.89% | 2.95% | 2.79% |
| &nbsp;&nbsp;&nbsp; 2024 | 552 | $26.45 | $29.74 | $15248 | 0.10% | 0.25% | 4.13% | 6.29% | 6.13% |
| &nbsp;&nbsp;&nbsp; 2023 | 569 | $24.89 | $59.76 | $14932 | 0.10% | 0.25% | 2.28% | 11.00% | 10.85% |
| &nbsp;&nbsp;&nbsp; 2022 | 646 | $22.42 | $53.92 | $15277 | 0.10% | 0.25% | 1.20% | (27.65%) | (27.76%) |
| &nbsp;&nbsp;&nbsp; 2021 | 741 | $30.99 | $74.64 | $24214 | 0.10% | 0.25% | 1.23% | 38.78% | 38.57% |
|  VIP - Strategic Income Initial Class | VIP - Strategic Income Initial Class | VIP - Strategic Income Initial Class | VIP - Strategic Income Initial Class | VIP - Strategic Income Initial Class | VIP - Strategic Income Initial Class | VIP - Strategic Income Initial Class | VIP - Strategic Income Initial Class | VIP - Strategic Income Initial Class | VIP - Strategic Income Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 149 | $25.77 | $24.66 | $3800 | 0.80% | 1.00% | 3.87% | 8.01% | 7.73% |
| &nbsp;&nbsp;&nbsp; 2024 | 151 | $23.86 | $22.89 | $3566 | 0.80% | 1.00% | 3.55% | 5.22% | 5.00% |
| &nbsp;&nbsp;&nbsp; 2023 | 172 | $22.68 | $21.80 | $3875 | 0.80% | 1.00% | 4.35% | 8.56% | 8.33% |
| &nbsp;&nbsp;&nbsp; 2022 | 189 | $20.89 | $20.12 | $3919 | 0.80% | 1.00% | 3.41% | (11.98%) | (12.15%) |
| &nbsp;&nbsp;&nbsp; 2021 | 223 | $23.73 | $22.90 | $5266 | 0.80% | 1.00% | 2.59% | 2.91% | 2.70% |
|  VIP - Strategic Income Investor Class | VIP - Strategic Income Investor Class | VIP - Strategic Income Investor Class | VIP - Strategic Income Investor Class | VIP - Strategic Income Investor Class | VIP - Strategic Income Investor Class | VIP - Strategic Income Investor Class | VIP - Strategic Income Investor Class | VIP - Strategic Income Investor Class | VIP - Strategic Income Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 2776 | $18.72 | $25.90 | $58206 | 0.10% | 0.25% | 3.84% | 8.71% | 8.55% |
| &nbsp;&nbsp;&nbsp; 2024 | 2636 | $17.22 | $23.86 | $51700 | 0.10% | 0.25% | 3.68% | 5.86% | 5.70% |
| &nbsp;&nbsp;&nbsp; 2023 | 2619 | $16.26 | $23.34 | $49480 | 0.10% | 0.25% | 4.18% | 9.29% | 9.14% |
| &nbsp;&nbsp;&nbsp; 2022 | 3103 | $14.88 | $21.38 | $53511 | 0.10% | 0.25% | 3.54% | (11.40%) | (11.56%) |
| &nbsp;&nbsp;&nbsp; 2021 | 3456 | $16.80 | $24.18 | $67303 | 0.10% | 0.25% | 2.61% | 3.62% | 3.46% |
|  VIP - International Capital Appreciation Initial Class | VIP - International Capital Appreciation Initial Class | VIP - International Capital Appreciation Initial Class | VIP - International Capital Appreciation Initial Class | VIP - International Capital Appreciation Initial Class | VIP - International Capital Appreciation Initial Class | VIP - International Capital Appreciation Initial Class | VIP - International Capital Appreciation Initial Class | VIP - International Capital Appreciation Initial Class | VIP - International Capital Appreciation Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 61 | $37.71 | $36.18 | $2255 | 0.80% | 1.00% | 0.98% | 17.73% | 17.51% |
| &nbsp;&nbsp;&nbsp; 2024 | 58 | $32.03 | $30.79 | $1846 | 0.80% | 1.00% | 0.74% | 7.32% | 7.10% |
| &nbsp;&nbsp;&nbsp; 2023 | 63 | $29.84 | $28.75 | $1885 | 0.80% | 1.00% | 0.38% | 26.51% | 26.21% |
| &nbsp;&nbsp;&nbsp; 2022 | 76 | $23.59 | $22.78 | $1787 | 0.80% | 1.00% | 0.26% | (27.00%) | (27.12%) |
| &nbsp;&nbsp;&nbsp; 2021 | 85 | $32.31 | $31.26 | $2742 | 0.80% | 1.00% |  | 11.44% | 11.22% |
|  VIP - International Capital Appreciation Investor Class | VIP - International Capital Appreciation Investor Class | VIP - International Capital Appreciation Investor Class | VIP - International Capital Appreciation Investor Class | VIP - International Capital Appreciation Investor Class | VIP - International Capital Appreciation Investor Class | VIP - International Capital Appreciation Investor Class | VIP - International Capital Appreciation Investor Class | VIP - International Capital Appreciation Investor Class | VIP - International Capital Appreciation Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 1037 | $41.96 | $39.17 | $43119 | 0.10% | 0.25% | 0.96% | 18.43% | 18.26% |
| &nbsp;&nbsp;&nbsp; 2024 | 995 | $35.43 | $33.11 | $35084 | 0.10% | 0.25% | 0.67% | 8.02% | 7.85% |
| &nbsp;&nbsp;&nbsp; 2023 | 1042 | $32.80 | $61.86 | $33916 | 0.10% | 0.25% | 0.30% | 27.27% | 27.10% |
| &nbsp;&nbsp;&nbsp; 2022 | 1077 | $25.77 | $48.67 | $27633 | 0.10% | 0.25% | 0.18% | (26.51%) | (26.63%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1165 | $35.07 | $66.34 | $40668 | 0.10% | 0.25% |  | 12.13% | 11.96% |
|  VIP - Value Initial Class | VIP - Value Initial Class | VIP - Value Initial Class | VIP - Value Initial Class | VIP - Value Initial Class | VIP - Value Initial Class | VIP - Value Initial Class | VIP - Value Initial Class | VIP - Value Initial Class | VIP - Value Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 27 | $47.88 | $45.94 | $1301 | 0.80% | 1.00% | 1.06% | 10.35% | 10.12% |
| &nbsp;&nbsp;&nbsp; 2024 | 50 | $43.39 | $41.72 | $2146 | 0.80% | 1.00% | 1.24% | 10.48% | 10.25% |
| &nbsp;&nbsp;&nbsp; 2023 | 56 | $39.28 | $37.84 | $2168 | 0.80% | 1.00% | 1.09% | 18.84% | 18.58% |
| &nbsp;&nbsp;&nbsp; 2022 | 83 | $33.05 | $31.91 | $2724 | 0.80% | 1.00% | 1.29% | (4.89%) | -5.06% |
| &nbsp;&nbsp;&nbsp; 2021 | 71 | $34.75 | $33.61 | $2429 | 0.80% | 1.00% | 1.63% | 29.11% | 28.85% |
|  VIP - Value Investor Class | VIP - Value Investor Class | VIP - Value Investor Class | VIP - Value Investor Class | VIP - Value Investor Class | VIP - Value Investor Class | VIP - Value Investor Class | VIP - Value Investor Class | VIP - Value Investor Class | VIP - Value Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 475 | $56.96 | $50.73 | $26220 | 0.10% | 0.25% | 1.29% | 11.05% | 10.88% |
| &nbsp;&nbsp;&nbsp; 2024 | 524 | $51.29 | $45.75 | $25997 | 0.10% | 0.25% | 1.13% | 11.14% | 10.97% |
| &nbsp;&nbsp;&nbsp; 2023 | 616 | $46.15 | $79.79 | $27480 | 0.10% | 0.25% | 1.14% | 19.56% | 19.39% |
| &nbsp;&nbsp;&nbsp; 2022 | 741 | $38.60 | $66.83 | $27883 | 0.10% | 0.25% | 1.28% | (4.22%) | (4.37%) |
| &nbsp;&nbsp;&nbsp; 2021 | 617 | $40.30 | $69.89 | $24153 | 0.10% | 0.25% | 1.68% | 29.85% | 29.66% |
|  VIP - Freedom Income Initial Class (A) | VIP - Freedom Income Initial Class (A) | VIP - Freedom Income Initial Class (A) | VIP - Freedom Income Initial Class (A) | VIP - Freedom Income Initial Class (A) | VIP - Freedom Income Initial Class (A) | VIP - Freedom Income Initial Class (A) | VIP - Freedom Income Initial Class (A) | VIP - Freedom Income Initial Class (A) | VIP - Freedom Income Initial Class (A) |
| &nbsp;&nbsp;&nbsp; 2025 | 65 | $19.98 | $19.98 | $1294 | 0.80% | 0.80% | 3.24% | 8.76% | 8.76% |
| &nbsp;&nbsp;&nbsp; 2024 | 71 | $18.37 | $18.37 | $1306 | 0.80% | 0.80% | 4.08% | 3.61% | 3.61% |
| &nbsp;&nbsp;&nbsp; 2023 | 44 | $17.73 | $17.73 | $779 | 0.80% | 0.80% | 3.97% | 7.07% | 7.07% |
| &nbsp;&nbsp;&nbsp; 2022 | 52 | $16.56 | $16.56 | $862 | 0.80% | 0.80% | 2.29% | (12.76%) | (12.76%) |
| &nbsp;&nbsp;&nbsp; 2021 | 55 | $18.98 | $18.98 | $1052 | 0.80% | 0.80% | 1.07% | 2.52% | 2.52% |
|  VIP - Freedom Income Investor Class (A) | VIP - Freedom Income Investor Class (A) | VIP - Freedom Income Investor Class (A) | VIP - Freedom Income Investor Class (A) | VIP - Freedom Income Investor Class (A) | VIP - Freedom Income Investor Class (A) | VIP - Freedom Income Investor Class (A) | VIP - Freedom Income Investor Class (A) | VIP - Freedom Income Investor Class (A) | VIP - Freedom Income Investor Class (A) |
| &nbsp;&nbsp;&nbsp; 2025 | 201 | $18.54 | $21.90 | $4215 | 0.10% | 0.25% | 3.18% | 9.51% | 9.34% |
| &nbsp;&nbsp;&nbsp; 2024 | 250 | $16.93 | $20.03 | $4829 | 0.10% | 0.25% | 4.17% | 4.21% | 4.05% |
| &nbsp;&nbsp;&nbsp; 2023 | 154 | $16.25 | $19.75 | $2825 | 0.10% | 0.25% | 4.31% | 7.74% | 7.62% |
| &nbsp;&nbsp;&nbsp; 2022 | 183 | $15.08 | $18.35 | $3107 | 0.10% | 0.25% | 2.06% | (12.09%) | (12.26%) |
| &nbsp;&nbsp;&nbsp; 2021 | 272 | $17.15 | $20.91 | $5317 | 0.10% | 0.25% | 1.14% | 3.18% | 3.03% |
|  VIP - Freedom 2005 Initial Class (A) | VIP - Freedom 2005 Initial Class (A) | VIP - Freedom 2005 Initial Class (A) | VIP - Freedom 2005 Initial Class (A) | VIP - Freedom 2005 Initial Class (A) | VIP - Freedom 2005 Initial Class (A) | VIP - Freedom 2005 Initial Class (A) | VIP - Freedom 2005 Initial Class (A) | VIP - Freedom 2005 Initial Class (A) | VIP - Freedom 2005 Initial Class (A) |
| &nbsp;&nbsp;&nbsp; 2025 |  | $— | $— | $— | 0.80% | 0.80% |  |  |  |
| &nbsp;&nbsp;&nbsp; 2024 |  | $— | $— | $— | 0.80% | 0.80% | 2.70% | (100.00%) | (100.00%) |
| &nbsp;&nbsp;&nbsp; 2023 | 28 | $19.93 | $19.93 | $565 | 0.80% | 0.80% | 4.28% | 7.17% | 7.17% |
| &nbsp;&nbsp;&nbsp; 2022 | 41 | $18.60 | $18.60 | $763 | 0.80% | 0.80% | 2.29% | (13.09%) | (13.09%) |
| &nbsp;&nbsp;&nbsp; 2021 | 46 | $21.40 | $21.40 | $988 | 0.80% | 0.80% | 1.09% | 3.26% | 3.26% |

---

---

| | |
|:---|:---|
| **69** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**6. Unit Values - continued** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Unit value (4)** | **Unit value (4)** | | **Expense ratio (1)(4)** | **Expense ratio (1)(4)** | | **Total Return (3)(4)** | **Total Return (3)(4)** |
|  |<br>**Units**<br>**(000s)** | **Highest** | **Lowest** |<br>**Net assets**<br>**(000s)** | **Lowest** | **Highest** |<br>**Investment<br>income ratio (2)** | **Highest** | **Lowest** |
|  VIP - Investor Freedom 2005 Investor Class (A) | VIP - Investor Freedom 2005 Investor Class (A) | VIP - Investor Freedom 2005 Investor Class (A) | VIP - Investor Freedom 2005 Investor Class (A) | VIP - Investor Freedom 2005 Investor Class (A) | VIP - Investor Freedom 2005 Investor Class (A) | VIP - Investor Freedom 2005 Investor Class (A) | VIP - Investor Freedom 2005 Investor Class (A) | VIP - Investor Freedom 2005 Investor Class (A) | VIP - Investor Freedom 2005 Investor Class (A) |
| &nbsp;&nbsp;&nbsp; 2025 |  | $— | $— | $— | 0.10% | 0.25% |  |  |  |
| &nbsp;&nbsp;&nbsp; 2024 |  | $— | $— | $— | 0.10% | 0.25% | 2.72% | (100.00%) | (100.00%) |
| &nbsp;&nbsp;&nbsp; 2023 | 96 | $18.72 | $25.23 | $2007 | 0.10% | 0.25% | 4.39% | 7.81% | 7.63% |
| &nbsp;&nbsp;&nbsp; 2022 | 109 | $17.36 | $23.44 | $2127 | 0.10% | 0.25% | 2.09% | (12.49%) | (12.61%) |
| &nbsp;&nbsp;&nbsp; 2021 | 125 | $19.84 | $26.82 | $2779 | 0.10% | 0.25% | 0.81% | 3.99% | 3.83% |
|  VIP - Freedom 2010 Initial Class | VIP - Freedom 2010 Initial Class | VIP - Freedom 2010 Initial Class | VIP - Freedom 2010 Initial Class | VIP - Freedom 2010 Initial Class | VIP - Freedom 2010 Initial Class | VIP - Freedom 2010 Initial Class | VIP - Freedom 2010 Initial Class | VIP - Freedom 2010 Initial Class | VIP - Freedom 2010 Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 15 | $25.88 | $25.88 | $382 | 0.80% | 0.80% | 3.34% | 9.66% | 9.66% |
| &nbsp;&nbsp;&nbsp; 2024 | 15 | $23.60 | $23.60 | $352 | 0.80% | 0.80% | 2.49% | 4.53% | 4.53% |
| &nbsp;&nbsp;&nbsp; 2023 | 33 | $22.58 | $22.58 | $749 | 0.80% | 0.80% | 3.66% | 8.62% | 8.62% |
| &nbsp;&nbsp;&nbsp; 2022 | 42 | $20.79 | $20.79 | $866 | 0.80% | 0.80% | 2.16% | (14.23%) | (14.23%) |
| &nbsp;&nbsp;&nbsp; 2021 | 43 | $24.24 | $24.24 | $1044 | 0.80% | 0.80% | 0.96% | 5.04% | 5.04% |
|  VIP - Investor Freedom 2010 Investor Class | VIP - Investor Freedom 2010 Investor Class | VIP - Investor Freedom 2010 Investor Class | VIP - Investor Freedom 2010 Investor Class | VIP - Investor Freedom 2010 Investor Class | VIP - Investor Freedom 2010 Investor Class | VIP - Investor Freedom 2010 Investor Class | VIP - Investor Freedom 2010 Investor Class | VIP - Investor Freedom 2010 Investor Class | VIP - Investor Freedom 2010 Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 160 | $24.58 | $27.89 | $4715 | 0.10% | 0.25% | 3.26% | 10.37% | 10.22% |
| &nbsp;&nbsp;&nbsp; 2024 | 163 | $22.27 | $25.30 | $4381 | 0.10% | 0.25% | 3.60% | 5.16% | 5.00% |
| &nbsp;&nbsp;&nbsp; 2023 | 164 | $21.18 | $29.08 | $4192 | 0.10% | 0.25% | 3.90% | 9.27% | 9.13% |
| &nbsp;&nbsp;&nbsp; 2022 | 219 | $19.38 | $26.65 | $5002 | 0.10% | 0.25% | 2.13% | (13.57%) | (13.72%) |
| &nbsp;&nbsp;&nbsp; 2021 | 237 | $22.42 | $30.89 | $6273 | 0.10% | 0.25% | 1.06% | 5.70% | 5.54% |
|  VIP - Freedom 2015 Initial Class | VIP - Freedom 2015 Initial Class | VIP - Freedom 2015 Initial Class | VIP - Freedom 2015 Initial Class | VIP - Freedom 2015 Initial Class | VIP - Freedom 2015 Initial Class | VIP - Freedom 2015 Initial Class | VIP - Freedom 2015 Initial Class | VIP - Freedom 2015 Initial Class | VIP - Freedom 2015 Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 27 | $28.76 | $28.76 | $772 | 0.80% | 0.80% | 2.84% | 11.00% | 11.00% |
| &nbsp;&nbsp;&nbsp; 2024 | 33 | $25.91 | $25.91 | $851 | 0.80% | 0.80% | 3.14% | 5.66% | 5.66% |
| &nbsp;&nbsp;&nbsp; 2023 | 40 | $24.52 | $24.52 | $988 | 0.80% | 0.80% | 3.65% | 10.07% | 10.07% |
| &nbsp;&nbsp;&nbsp; 2022 | 46 | $22.28 | $22.28 | $1024 | 0.80% | 0.80% | 2.17% | (15.28%) | (15.28%) |
| &nbsp;&nbsp;&nbsp; 2021 | 48 | $26.30 | $26.30 | $1267 | 0.80% | 0.80% | 1.08% | 6.83% | 6.83% |
|  VIP - Investor Freedom 2015 Investor Class | VIP - Investor Freedom 2015 Investor Class | VIP - Investor Freedom 2015 Investor Class | VIP - Investor Freedom 2015 Investor Class | VIP - Investor Freedom 2015 Investor Class | VIP - Investor Freedom 2015 Investor Class | VIP - Investor Freedom 2015 Investor Class | VIP - Investor Freedom 2015 Investor Class | VIP - Investor Freedom 2015 Investor Class | VIP - Investor Freedom 2015 Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 294 | $27.08 | $30.84 | $8728 | 0.10% | 0.25% | 2.97% | 11.76% | 11.59% |
| &nbsp;&nbsp;&nbsp; 2024 | 336 | $24.23 | $27.63 | $8931 | 0.10% | 0.25% | 3.19% | 6.32% | 6.16% |
| &nbsp;&nbsp;&nbsp; 2023 | 380 | $22.79 | $31.69 | $9457 | 0.10% | 0.25% | 3.62% | 10.86% | 10.68% |
| &nbsp;&nbsp;&nbsp; 2022 | 415 | $20.56 | $28.63 | $9371 | 0.10% | 0.25% | 2.09% | (14.76%) | (14.87%) |
| &nbsp;&nbsp;&nbsp; 2021 | 358 | $24.12 | $33.63 | $9637 | 0.10% | 0.25% | 1.01% | 7.53% | 7.37% |
|  VIP - Freedom 2020 Initial Class | VIP - Freedom 2020 Initial Class | VIP - Freedom 2020 Initial Class | VIP - Freedom 2020 Initial Class | VIP - Freedom 2020 Initial Class | VIP - Freedom 2020 Initial Class | VIP - Freedom 2020 Initial Class | VIP - Freedom 2020 Initial Class | VIP - Freedom 2020 Initial Class | VIP - Freedom 2020 Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 37 | $31.15 | $31.15 | $1165 | 0.80% | 0.80% | 2.76% | 12.41% | 12.41% |
| &nbsp;&nbsp;&nbsp; 2024 | 38 | $27.71 | $27.71 | $1057 | 0.80% | 0.80% | 2.56% | 6.85% | 6.85% |
| &nbsp;&nbsp;&nbsp; 2023 | 51 | $25.94 | $25.94 | $1326 | 0.80% | 0.80% | 3.10% | 11.51% | 11.51% |
| &nbsp;&nbsp;&nbsp; 2022 | 83 | $23.26 | $23.26 | $1929 | 0.80% | 0.80% | 2.18% | (16.36%) | (16.36%) |
| &nbsp;&nbsp;&nbsp; 2021 | 100 | $27.81 | $27.81 | $2791 | 0.80% | 0.80% | 1.14% | 8.60% | 8.60% |
|  VIP - Investor Freedom 2020 Investor Class | VIP - Investor Freedom 2020 Investor Class | VIP - Investor Freedom 2020 Investor Class | VIP - Investor Freedom 2020 Investor Class | VIP - Investor Freedom 2020 Investor Class | VIP - Investor Freedom 2020 Investor Class | VIP - Investor Freedom 2020 Investor Class | VIP - Investor Freedom 2020 Investor Class | VIP - Investor Freedom 2020 Investor Class | VIP - Investor Freedom 2020 Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 423 | $30.19 | $33.20 | $13913 | 0.10% | 0.25% | 2.56% | 13.16% | 13.02% |
| &nbsp;&nbsp;&nbsp; 2024 | 505 | $26.68 | $29.37 | $14793 | 0.10% | 0.25% | 2.84% | 7.54% | 7.38% |
| &nbsp;&nbsp;&nbsp; 2023 | 552 | $24.81 | $35.84 | $15057 | 0.10% | 0.25% | 3.07% | 12.30% | 12.12% |
| &nbsp;&nbsp;&nbsp; 2022 | 639 | $22.09 | $31.97 | $15606 | 0.10% | 0.25% | 2.04% | (15.93%) | (16.03%) |
| &nbsp;&nbsp;&nbsp; 2021 | 730 | $26.27 | $38.08 | $21149 | 0.10% | 0.25% | 0.95% | 9.43% | 9.26% |
|  VIP - Freedom 2025 Initial Class | VIP - Freedom 2025 Initial Class | VIP - Freedom 2025 Initial Class | VIP - Freedom 2025 Initial Class | VIP - Freedom 2025 Initial Class | VIP - Freedom 2025 Initial Class | VIP - Freedom 2025 Initial Class | VIP - Freedom 2025 Initial Class | VIP - Freedom 2025 Initial Class | VIP - Freedom 2025 Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 25 | $34.75 | $34.75 | $874 | 0.80% | 0.80% | 2.57% | 13.67% | 13.67% |
| &nbsp;&nbsp;&nbsp; 2024 | 58 | $30.57 | $30.57 | $1776 | 0.80% | 0.80% | 2.40% | 7.59% | 7.59% |
| &nbsp;&nbsp;&nbsp; 2023 | 68 | $28.41 | $28.41 | $1942 | 0.80% | 0.80% | 2.90% | 12.71% | 12.71% |
| &nbsp;&nbsp;&nbsp; 2022 | 69 | $25.21 | $25.21 | $1751 | 0.80% | 0.80% | 2.01% | (17.09%) | (17.09%) |
| &nbsp;&nbsp;&nbsp; 2021 | 79 | $30.41 | $30.41 | $2413 | 0.80% | 0.80% | 1.05% | 9.95% | 9.95% |
|  VIP - Investor Freedom 2025 Investor Class | VIP - Investor Freedom 2025 Investor Class | VIP - Investor Freedom 2025 Investor Class | VIP - Investor Freedom 2025 Investor Class | VIP - Investor Freedom 2025 Investor Class | VIP - Investor Freedom 2025 Investor Class | VIP - Investor Freedom 2025 Investor Class | VIP - Investor Freedom 2025 Investor Class | VIP - Investor Freedom 2025 Investor Class | VIP - Investor Freedom 2025 Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 421 | $33.80 | $36.84 | $15547 | 0.10% | 0.25% | 2.57% | 14.34% | 14.16% |
| &nbsp;&nbsp;&nbsp; 2024 | 454 | $29.56 | $32.27 | $14792 | 0.10% | 0.25% | 2.34% | 8.35% | 8.18% |
| &nbsp;&nbsp;&nbsp; 2023 | 562 | $27.29 | $39.92 | $16874 | 0.10% | 0.25% | 2.79% | 13.46% | 13.25% |
| &nbsp;&nbsp;&nbsp; 2022 | 641 | $24.05 | $35.24 | $17046 | 0.10% | 0.25% | 2.00% | (16.55%) | (16.66%) |
| &nbsp;&nbsp;&nbsp; 2021 | 865 | $28.82 | $42.29 | $27168 | 0.10% | 0.25% | 1.24% | 10.67% | 10.51% |
|  VIP - Freedom 2030 Initial Class | VIP - Freedom 2030 Initial Class | VIP - Freedom 2030 Initial Class | VIP - Freedom 2030 Initial Class | VIP - Freedom 2030 Initial Class | VIP - Freedom 2030 Initial Class | VIP - Freedom 2030 Initial Class | VIP - Freedom 2030 Initial Class | VIP - Freedom 2030 Initial Class | VIP - Freedom 2030 Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 34 | $37.17 | $37.17 | $1280 | 0.80% | 0.80% | 2.08% | 14.58% | 14.58% |
| &nbsp;&nbsp;&nbsp; 2024 | 43 | $32.44 | $32.44 | $1381 | 0.80% | 0.80% | 2.24% | 8.53% | 8.53% |
| &nbsp;&nbsp;&nbsp; 2023 | 49 | $29.89 | $29.89 | $1476 | 0.80% | 0.80% | 2.55% | 13.77% | 13.77% |
| &nbsp;&nbsp;&nbsp; 2022 | 51 | $26.27 | $26.27 | $1334 | 0.80% | 0.80% | 2.00% | (17.53%) | (17.53%) |
| &nbsp;&nbsp;&nbsp; 2021 | 49 | $31.85 | $31.85 | $1564 | 0.80% | 0.80% | 1.13% | 11.47% | 11.47% |

---

---

| | |
|:---|:---|
| **70** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**6. Unit Values - continued** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Unit value (4)** | **Unit value (4)** | | **Expense ratio (1)(4)** | **Expense ratio (1)(4)** | | **Total Return (3)(4)** | **Total Return (3)(4)** |
|  |<br>**Units**<br>**(000s)** | **Highest** | **Lowest** |<br>**Net assets**<br>**(000s)** | **Lowest** | **Highest** |<br>**Investment<br>income ratio (2)** | **Highest** | **Lowest** |
|  VIP - Investor Freedom 2030 Investor Class | VIP - Investor Freedom 2030 Investor Class | VIP - Investor Freedom 2030 Investor Class | VIP - Investor Freedom 2030 Investor Class | VIP - Investor Freedom 2030 Investor Class | VIP - Investor Freedom 2030 Investor Class | VIP - Investor Freedom 2030 Investor Class | VIP - Investor Freedom 2030 Investor Class | VIP - Investor Freedom 2030 Investor Class | VIP - Investor Freedom 2030 Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 636 | $37.35 | $39.24 | $25466 | 0.10% | 0.25% | 2.44% | 15.24% | 15.07% |
| &nbsp;&nbsp;&nbsp; 2024 | 662 | $32.41 | $34.10 | $23051 | 0.10% | 0.25% | 2.15% | 9.29% | 9.12% |
| &nbsp;&nbsp;&nbsp; 2023 | 746 | $29.65 | $44.14 | $23688 | 0.10% | 0.25% | 2.52% | 14.54% | 14.37% |
| &nbsp;&nbsp;&nbsp; 2022 | 768 | $25.89 | $38.60 | $21357 | 0.10% | 0.25% | 1.93% | (17.00%) | (17.13%) |
| &nbsp;&nbsp;&nbsp; 2021 | 728 | $31.19 | $46.58 | $24250 | 0.10% | 0.25% | 1.08% | 12.14% | 11.97% |
|  VIP - Freedom 2035 Initial Class (7) | VIP - Freedom 2035 Initial Class (7) | VIP - Freedom 2035 Initial Class (7) | VIP - Freedom 2035 Initial Class (7) | VIP - Freedom 2035 Initial Class (7) | VIP - Freedom 2035 Initial Class (7) | VIP - Freedom 2035 Initial Class (7) | VIP - Freedom 2035 Initial Class (7) | VIP - Freedom 2035 Initial Class (7) | VIP - Freedom 2035 Initial Class (7) |
| &nbsp;&nbsp;&nbsp; 2025 | 3 | $13.82 | $13.82 | $57 | 0.80% | 0.80% | 2.26% | 15.75% | 15.75% |
| &nbsp;&nbsp;&nbsp; 2024 | 3 | $11.94 | $11.94 | $41 | 0.80% | 0.80% | 1.92% | 10.14% | 10.14% |
| &nbsp;&nbsp;&nbsp; 2023 |  | $— | $— | $2 | 0.80% | 0.80% |  |  |  |
| &nbsp;&nbsp;&nbsp; 2022 |  | $— | $— | $— |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2021 |  | $— | $— | $— |  |  |  |  |  |
|  VIP - Investor Freedom 2035 Investor Class (7) | VIP - Investor Freedom 2035 Investor Class (7) | VIP - Investor Freedom 2035 Investor Class (7) | VIP - Investor Freedom 2035 Investor Class (7) | VIP - Investor Freedom 2035 Investor Class (7) | VIP - Investor Freedom 2035 Investor Class (7) | VIP - Investor Freedom 2035 Investor Class (7) | VIP - Investor Freedom 2035 Investor Class (7) | VIP - Investor Freedom 2035 Investor Class (7) | VIP - Investor Freedom 2035 Investor Class (7) |
| &nbsp;&nbsp;&nbsp; 2025 | 64 | $14.06 | $14.01 | $900 | 0.10% | 0.25% | 2.93% | 16.49% | 16.36% |
| &nbsp;&nbsp;&nbsp; 2024 | 60 | $12.07 | $12.04 | $720 | 0.10% | 0.25% | 3.51% | 10.83% | 10.66% |
| &nbsp;&nbsp;&nbsp; 2023 | 31 | $10.88 | $10.88 | $333 | 0.25% | 0.25% | 6.56% |  |  |
| &nbsp;&nbsp;&nbsp; 2022 |  | $— | $— | $— |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2021 |  | $— | $— | $— |  |  |  |  |  |
|  VIP - Freedom 2040 Initial Class (7) | VIP - Freedom 2040 Initial Class (7) | VIP - Freedom 2040 Initial Class (7) | VIP - Freedom 2040 Initial Class (7) | VIP - Freedom 2040 Initial Class (7) | VIP - Freedom 2040 Initial Class (7) | VIP - Freedom 2040 Initial Class (7) | VIP - Freedom 2040 Initial Class (7) | VIP - Freedom 2040 Initial Class (7) | VIP - Freedom 2040 Initial Class (7) |
| &nbsp;&nbsp;&nbsp; 2025 | 41 | $14.49 | $14.49 | $588 | 0.80% | 0.80% | 1.85% | 17.90% | 17.90% |
| &nbsp;&nbsp;&nbsp; 2024 |  | $12.29 | $12.29 | $— | 0.80% | 0.80% | 0.31% | 12.19% | 12.19% |
| &nbsp;&nbsp;&nbsp; 2023 |  | $10.96 | $10.96 | $2 | 0.80% | 0.80% |  |  |  |
| &nbsp;&nbsp;&nbsp; 2022 |  | $— | $— | $— |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2021 |  | $— | $— | $— |  |  |  |  |  |
|  VIP - Investor Freedom 2040 Investor Class (7) | VIP - Investor Freedom 2040 Investor Class (7) | VIP - Investor Freedom 2040 Investor Class (7) | VIP - Investor Freedom 2040 Investor Class (7) | VIP - Investor Freedom 2040 Investor Class (7) | VIP - Investor Freedom 2040 Investor Class (7) | VIP - Investor Freedom 2040 Investor Class (7) | VIP - Investor Freedom 2040 Investor Class (7) | VIP - Investor Freedom 2040 Investor Class (7) | VIP - Investor Freedom 2040 Investor Class (7) |
| &nbsp;&nbsp;&nbsp; 2025 | 128 | $14.74 | $14.68 | $1879 | 0.10% | 0.25% | 2.20% | 18.58% | 18.39% |
| &nbsp;&nbsp;&nbsp; 2024 | 77 | $12.43 | $12.40 | $950 | 0.10% | 0.25% | 1.52% | 12.82% | 12.65% |
| &nbsp;&nbsp;&nbsp; 2023 | 61 | $11.02 | $11.00 | $670 | 0.10% | 0.25% | 3.23% |  |  |
| &nbsp;&nbsp;&nbsp; 2022 |  | $— | $— | $— |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2021 |  | $— | $— | $— |  |  |  |  |  |
|  VIP - Freedom 2045 Initial Class (7) | VIP - Freedom 2045 Initial Class (7) | VIP - Freedom 2045 Initial Class (7) | VIP - Freedom 2045 Initial Class (7) | VIP - Freedom 2045 Initial Class (7) | VIP - Freedom 2045 Initial Class (7) | VIP - Freedom 2045 Initial Class (7) | VIP - Freedom 2045 Initial Class (7) | VIP - Freedom 2045 Initial Class (7) | VIP - Freedom 2045 Initial Class (7) |
| &nbsp;&nbsp;&nbsp; 2025 | 5 | $14.76 | $14.76 | $69 | 0.80% | 0.80% | 1.81% | 18.94% | 18.94% |
| &nbsp;&nbsp;&nbsp; 2024 | 3 | $12.41 | $12.41 | $31 | 0.80% | 0.80% | 1.65% | 12.92% | 12.92% |
| &nbsp;&nbsp;&nbsp; 2023 |  | $10.99 | $10.99 | $2 | 0.80% | 0.80% |  |  |  |
| &nbsp;&nbsp;&nbsp; 2022 |  | $— | $— | $— |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2021 |  | $— | $— | $— |  |  |  |  |  |
|  VIP - Investor Freedom 2045 Investor Class (7) | VIP - Investor Freedom 2045 Investor Class (7) | VIP - Investor Freedom 2045 Investor Class (7) | VIP - Investor Freedom 2045 Investor Class (7) | VIP - Investor Freedom 2045 Investor Class (7) | VIP - Investor Freedom 2045 Investor Class (7) | VIP - Investor Freedom 2045 Investor Class (7) | VIP - Investor Freedom 2045 Investor Class (7) | VIP - Investor Freedom 2045 Investor Class (7) | VIP - Investor Freedom 2045 Investor Class (7) |
| &nbsp;&nbsp;&nbsp; 2025 | 1 | $14.94 | $14.94 | $23 | 0.25% | 0.25% | 0.42% | 19.33% | 19.33% |
| &nbsp;&nbsp;&nbsp; 2024 | 2 | $12.52 | $12.52 | $27 | 0.10% | 0.25% | 4.10% | 13.62% | 13.45% |
| &nbsp;&nbsp;&nbsp; 2023 |  | $11.03 | $11.03 | $3 | 0.25% | 0.25% | 2.28% |  |  |
| &nbsp;&nbsp;&nbsp; 2022 |  | $— | $— | $— |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2021 |  | $— | $— | $— |  |  |  |  |  |
|  VIP - Freedom 2050 Initial Class (7) | VIP - Freedom 2050 Initial Class (7) | VIP - Freedom 2050 Initial Class (7) | VIP - Freedom 2050 Initial Class (7) | VIP - Freedom 2050 Initial Class (7) | VIP - Freedom 2050 Initial Class (7) | VIP - Freedom 2050 Initial Class (7) | VIP - Freedom 2050 Initial Class (7) | VIP - Freedom 2050 Initial Class (7) | VIP - Freedom 2050 Initial Class (7) |
| &nbsp;&nbsp;&nbsp; 2025 |  | $14.75 | $14.75 | $1 | 0.80% | 0.80% | 0.97% | 18.76% | 18.76% |
| &nbsp;&nbsp;&nbsp; 2024 |  | $12.42 | $12.42 | $— | 0.80% | 0.80% | 0.14% | 12.92% | 12.92% |
| &nbsp;&nbsp;&nbsp; 2023 |  | $— | $— | $2 | 0.80% | 0.80% |  |  |  |
| &nbsp;&nbsp;&nbsp; 2022 |  | $— | $— | $— |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2021 |  | $— | $— | $— |  |  |  |  |  |
|  VIP - Investor Freedom 2050 Investor Class (7) | VIP - Investor Freedom 2050 Investor Class (7) | VIP - Investor Freedom 2050 Investor Class (7) | VIP - Investor Freedom 2050 Investor Class (7) | VIP - Investor Freedom 2050 Investor Class (7) | VIP - Investor Freedom 2050 Investor Class (7) | VIP - Investor Freedom 2050 Investor Class (7) | VIP - Investor Freedom 2050 Investor Class (7) | VIP - Investor Freedom 2050 Investor Class (7) | VIP - Investor Freedom 2050 Investor Class (7) |
| &nbsp;&nbsp;&nbsp; 2025 | 21 | $14.94 | $14.94 | $318 | 0.25% | 0.25% | 1.14% | 19.42% | 19.42% |
| &nbsp;&nbsp;&nbsp; 2024 | 18 | $12.51 | $12.51 | $226 | 0.10% | 0.25% | 1.95% |  |  |
| &nbsp;&nbsp;&nbsp; 2023 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2022 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2021 |  |  |  |  |  |  |  |  |  |
|  VIP - Freedom Lifetime Income I Initial Class | VIP - Freedom Lifetime Income I Initial Class | VIP - Freedom Lifetime Income I Initial Class | VIP - Freedom Lifetime Income I Initial Class | VIP - Freedom Lifetime Income I Initial Class | VIP - Freedom Lifetime Income I Initial Class | VIP - Freedom Lifetime Income I Initial Class | VIP - Freedom Lifetime Income I Initial Class | VIP - Freedom Lifetime Income I Initial Class | VIP - Freedom Lifetime Income I Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 42 | $22.20 | $22.20 | $930 | 0.60% | 0.60% | 3.38% | 9.04% | 9.04% |
| &nbsp;&nbsp;&nbsp; 2024 | 46 | $20.36 | $20.36 | $937 | 0.60% | 0.60% | 3.50% | 3.67% | 3.67% |
| &nbsp;&nbsp;&nbsp; 2023 | 57 | $19.64 | $19.64 | $1117 | 0.60% | 0.60% | 4.31% | 7.25% | 7.25% |
| &nbsp;&nbsp;&nbsp; 2022 | 62 | $18.31 | $18.31 | $1132 | 0.60% | 0.60% | 2.23% | (12.54%) | (12.54%) |
| &nbsp;&nbsp;&nbsp; 2021 | 73 | $20.94 | $20.94 | $1524 | 0.60% | 0.60% | 1.01% | 2.64% | 2.64% |
|  VIP - Freedom Lifetime Income II Initial Class | VIP - Freedom Lifetime Income II Initial Class | VIP - Freedom Lifetime Income II Initial Class | VIP - Freedom Lifetime Income II Initial Class | VIP - Freedom Lifetime Income II Initial Class | VIP - Freedom Lifetime Income II Initial Class | VIP - Freedom Lifetime Income II Initial Class | VIP - Freedom Lifetime Income II Initial Class | VIP - Freedom Lifetime Income II Initial Class | VIP - Freedom Lifetime Income II Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 32 | $26.72 | $26.72 | $883 | 0.60% | 0.60% | 3.21% | 10.14% | 10.14% |
| &nbsp;&nbsp;&nbsp; 2024 | 35 | $24.26 | $24.26 | $862 | 0.60% | 0.60% | 3.46% | 4.93% | 4.93% |
| &nbsp;&nbsp;&nbsp; 2023 | 38 | $23.12 | $23.12 | $883 | 0.60% | 0.60% | 3.83% | 9.14% | 9.14% |
| &nbsp;&nbsp;&nbsp; 2022 | 41 | $21.18 | $21.18 | $869 | 0.60% | 0.60% | 2.15% | (14.34%) | (14.34%) |
| &nbsp;&nbsp;&nbsp; 2021 | 44 | $24.73 | $24.73 | $1088 | 0.60% | 0.60% | 1.05% | 5.63% | 5.63% |

---

---

| | |
|:---|:---|
| **71** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**6. Unit Values - continued** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Unit value (4)** | **Unit value (4)** | | **Expense ratio (1)(4)** | **Expense ratio (1)(4)** | | **Total Return (3)(4)** | **Total Return (3)(4)** |
|  |<br>**Units**<br>**(000s)** | **Highest** | **Lowest** |<br>**Net assets**<br>**(000s)** | **Lowest** | **Highest** |<br>**Investment<br>income ratio (2)** | **Highest** | **Lowest** |
|  VIP - Freedom Lifetime Income III Initial Class | VIP - Freedom Lifetime Income III Initial Class | VIP - Freedom Lifetime Income III Initial Class | VIP - Freedom Lifetime Income III Initial Class | VIP - Freedom Lifetime Income III Initial Class | VIP - Freedom Lifetime Income III Initial Class | VIP - Freedom Lifetime Income III Initial Class | VIP - Freedom Lifetime Income III Initial Class | VIP - Freedom Lifetime Income III Initial Class | VIP - Freedom Lifetime Income III Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 73 | $33.15 | $33.15 | $2445 | 0.60% | 0.60% | 2.69% | 12.91% | 12.91% |
| &nbsp;&nbsp;&nbsp; 2024 | 78 | $29.36 | $29.36 | $2303 | 0.60% | 0.60% | 2.73% | 7.15% | 7.15% |
| &nbsp;&nbsp;&nbsp; 2023 | 83 | $27.40 | $27.40 | $2277 | 0.60% | 0.60% | 3.07% | 12.05% | 12.05% |
| &nbsp;&nbsp;&nbsp; 2022 | 88 | $24.45 | $24.45 | $2151 | 0.60% | 0.60% | 2.02% | (16.54%) | (16.54%) |
| &nbsp;&nbsp;&nbsp; 2021 | 93 | $29.30 | $29.30 | $2729 | 0.60% | 0.60% | 1.06% | 9.12% | 9.12% |
|  VIP - Disciplined Small Cap Initial Class | VIP - Disciplined Small Cap Initial Class | VIP - Disciplined Small Cap Initial Class | VIP - Disciplined Small Cap Initial Class | VIP - Disciplined Small Cap Initial Class | VIP - Disciplined Small Cap Initial Class | VIP - Disciplined Small Cap Initial Class | VIP - Disciplined Small Cap Initial Class | VIP - Disciplined Small Cap Initial Class | VIP - Disciplined Small Cap Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 36 | $39.53 | $37.99 | $1447 | 0.80% | 1.00% | 0.97% | 16.47% | 16.21% |
| &nbsp;&nbsp;&nbsp; 2024 | 45 | $33.94 | $32.69 | $1538 | 0.80% | 1.00% | 1.13% | 15.93% | 15.72% |
| &nbsp;&nbsp;&nbsp; 2023 | 50 | $29.28 | $28.25 | $1462 | 0.80% | 1.00% | 1.02% | 20.00% | 19.77% |
| &nbsp;&nbsp;&nbsp; 2022 | 43 | $24.40 | $23.59 | $1049 | 0.80% | 1.00% | 0.81% | (18.89%) | (19.06%) |
| &nbsp;&nbsp;&nbsp; 2021 | 55 | $30.08 | $29.15 | $1626 | 0.80% | 1.00% | 0.39% | 19.69% | 19.45% |
|  VIP - Disciplined Small Cap Investor Class | VIP - Disciplined Small Cap Investor Class | VIP - Disciplined Small Cap Investor Class | VIP - Disciplined Small Cap Investor Class | VIP - Disciplined Small Cap Investor Class | VIP - Disciplined Small Cap Investor Class | VIP - Disciplined Small Cap Investor Class | VIP - Disciplined Small Cap Investor Class | VIP - Disciplined Small Cap Investor Class | VIP - Disciplined Small Cap Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 588 | $55.38 | $43.38 | $30190 | 0.10% | 0.25% | 0.80% | 17.18% | 17.00% |
| &nbsp;&nbsp;&nbsp; 2024 | 727 | $47.26 | $37.07 | $31942 | 0.10% | 0.25% | 1.06% | 16.70% | 16.52% |
| &nbsp;&nbsp;&nbsp; 2023 | 744 | $40.50 | $59.03 | $27950 | 0.10% | 0.25% | 0.96% | 20.71% | 20.55% |
| &nbsp;&nbsp;&nbsp; 2022 | 739 | $33.55 | $48.97 | $23041 | 0.10% | 0.25% | 0.78% | (18.36%) | (18.49%) |
| &nbsp;&nbsp;&nbsp; 2021 | 760 | $41.10 | $60.08 | $29070 | 0.10% | 0.25% | 0.32% | 20.50% | 20.32% |
|  VIP - FundsManager 20% Investor Class | VIP - FundsManager 20% Investor Class | VIP - FundsManager 20% Investor Class | VIP - FundsManager 20% Investor Class | VIP - FundsManager 20% Investor Class | VIP - FundsManager 20% Investor Class | VIP - FundsManager 20% Investor Class | VIP - FundsManager 20% Investor Class | VIP - FundsManager 20% Investor Class | VIP - FundsManager 20% Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 2541 | $18.37 | $17.81 | $49967 | 0.10% | 1.00% | 3.56% | 9.09% | 8.00% |
| &nbsp;&nbsp;&nbsp; 2024 | 2828 | $16.84 | $16.49 | $51234 | 0.10% | 1.00% | 3.53% | 5.42% | 4.50% |
| &nbsp;&nbsp;&nbsp; 2023 | 2988 | $15.98 | $15.78 | $51612 | 0.10% | 1.00% | 3.39% | 8.04% | 7.06% |
| &nbsp;&nbsp;&nbsp; 2022 | 3812 | $14.79 | $14.74 | $61083 | 0.10% | 1.00% | 2.24% | (9.68%) | (10.49%) |
| &nbsp;&nbsp;&nbsp; 2021 | 4257 | $16.38 | $16.47 | $75816 | 0.10% | 1.00% | 1.06% | 3.55% | 2.62% |
|  VIP - FundsManager 30% Investor Class (7) | VIP - FundsManager 30% Investor Class (7) | VIP - FundsManager 30% Investor Class (7) | VIP - FundsManager 30% Investor Class (7) | VIP - FundsManager 30% Investor Class (7) | VIP - FundsManager 30% Investor Class (7) | VIP - FundsManager 30% Investor Class (7) | VIP - FundsManager 30% Investor Class (7) | VIP - FundsManager 30% Investor Class (7) | VIP - FundsManager 30% Investor Class (7) |
| &nbsp;&nbsp;&nbsp; 2025 | 71 | $12.34 | $12.16 | $869 | 0.25% | 0.80% | 3.98% | 10.57% |  |
| &nbsp;&nbsp;&nbsp; 2024 | 40 | $11.16 | $11.16 | $447 | 0.25% | 0.25% | 5.12% |  |  |
| &nbsp;&nbsp;&nbsp; 2023 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2022 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2021 |  |  |  |  |  |  |  |  |  |
|  VIP - FundsManager 40% Investor Class (7) | VIP - FundsManager 40% Investor Class (7) | VIP - FundsManager 40% Investor Class (7) | VIP - FundsManager 40% Investor Class (7) | VIP - FundsManager 40% Investor Class (7) | VIP - FundsManager 40% Investor Class (7) | VIP - FundsManager 40% Investor Class (7) | VIP - FundsManager 40% Investor Class (7) | VIP - FundsManager 40% Investor Class (7) | VIP - FundsManager 40% Investor Class (7) |
| &nbsp;&nbsp;&nbsp; 2025 | 182 | $12.73 | $12.54 | $2307 | 0.25% | 0.80% | 3.95% | 12.16% | 11.47% |
| &nbsp;&nbsp;&nbsp; 2024 | 64 | $11.35 | $11.25 | $728 | 0.25% | 0.80% | 2.02% | 7.36% | 6.60% |
| &nbsp;&nbsp;&nbsp; 2023 | 108 | $10.59 | $10.55 | $1145 | 0.25% | 0.80% | 4.09% |  |  |
| &nbsp;&nbsp;&nbsp; 2022 |  | $— | $— | $— |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2021 |  | $— | $— | $— |  |  |  |  |  |
|  VIP - FundsManager 50% Investor Class | VIP - FundsManager 50% Investor Class | VIP - FundsManager 50% Investor Class | VIP - FundsManager 50% Investor Class | VIP - FundsManager 50% Investor Class | VIP - FundsManager 50% Investor Class | VIP - FundsManager 50% Investor Class | VIP - FundsManager 50% Investor Class | VIP - FundsManager 50% Investor Class | VIP - FundsManager 50% Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 4582 | $28.66 | $25.63 | $134489 | 0.10% | 1.00% | 2.60% | 14.05% | 12.96% |
| &nbsp;&nbsp;&nbsp; 2024 | 5267 | $25.13 | $22.69 | $135458 | 0.10% | 1.00% | 2.34% | 8.40% | 7.43% |
| &nbsp;&nbsp;&nbsp; 2023 | 6084 | $23.19 | $21.12 | $144773 | 0.10% | 1.00% | 2.51% | 12.83% | 11.82% |
| &nbsp;&nbsp;&nbsp; 2022 | 6677 | $20.55 | $18.89 | $141775 | 0.10% | 1.00% | 1.97% | (14.01%) | (14.78%) |
| &nbsp;&nbsp;&nbsp; 2021 | 7299 | $23.90 | $22.17 | $180611 | 0.10% | 1.00% | 1.15% | 9.91% | 8.92% |
|  VIP - FundsManager 60% Investor Class | VIP - FundsManager 60% Investor Class | VIP - FundsManager 60% Investor Class | VIP - FundsManager 60% Investor Class | VIP - FundsManager 60% Investor Class | VIP - FundsManager 60% Investor Class | VIP - FundsManager 60% Investor Class | VIP - FundsManager 60% Investor Class | VIP - FundsManager 60% Investor Class | VIP - FundsManager 60% Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 5737 | $33.01 | $36.55 | $176620 | 0.10% | 1.40% | 2.21% | 15.62% | 14.11% |
| &nbsp;&nbsp;&nbsp; 2024 | 6187 | $28.55 | $32.03 | $165351 | 0.10% | 1.40% | 1.97% | 9.47% | 8.03% |
| &nbsp;&nbsp;&nbsp; 2023 | 7338 | $26.08 | $29.65 | $178862 | 0.10% | 1.40% | 2.34% | 14.05% | 12.58% |
| &nbsp;&nbsp;&nbsp; 2022 | 7810 | $22.87 | $26.34 | $167041 | 0.10% | 1.40% | 1.76% | (15.14%) | (16.25%) |
| &nbsp;&nbsp;&nbsp; 2021 | 8498 | $26.95 | $31.45 | $214965 | 0.10% | 1.40% | 1.13% | 12.23% | 10.77% |
|  VIP - FundsManager 70% Investor Class | VIP - FundsManager 70% Investor Class | VIP - FundsManager 70% Investor Class | VIP - FundsManager 70% Investor Class | VIP - FundsManager 70% Investor Class | VIP - FundsManager 70% Investor Class | VIP - FundsManager 70% Investor Class | VIP - FundsManager 70% Investor Class | VIP - FundsManager 70% Investor Class | VIP - FundsManager 70% Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 5228 | $37.61 | $30.96 | $193101 | 0.10% | 1.00% | 1.93% | 17.02% | 15.96% |
| &nbsp;&nbsp;&nbsp; 2024 | 5312 | $32.14 | $26.70 | $167524 | 0.10% | 1.00% | 1.80% | 10.77% | 9.79% |
| &nbsp;&nbsp;&nbsp; 2023 | 5248 | $29.02 | $24.32 | $149468 | 0.10% | 1.00% | 2.08% | 15.61% | 14.58% |
| &nbsp;&nbsp;&nbsp; 2022 | 5206 | $25.10 | $21.23 | $128432 | 0.10% | 1.00% | 1.64% | (15.75%) | (16.51%) |
| &nbsp;&nbsp;&nbsp; 2021 | 5180 | $29.79 | $25.43 | $151819 | 0.10% | 1.00% | 1.06% | 14.41% | 13.38% |
|  VIP - FundsManager 85% Investor Class | VIP - FundsManager 85% Investor Class | VIP - FundsManager 85% Investor Class | VIP - FundsManager 85% Investor Class | VIP - FundsManager 85% Investor Class | VIP - FundsManager 85% Investor Class | VIP - FundsManager 85% Investor Class | VIP - FundsManager 85% Investor Class | VIP - FundsManager 85% Investor Class | VIP - FundsManager 85% Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 2180 | $45.03 | $34.94 | $93915 | 0.10% | 1.00% | 1.49% | 19.35% | 18.24% |
| &nbsp;&nbsp;&nbsp; 2024 | 2133 | $37.73 | $29.55 | $77485 | 0.10% | 1.00% | 1.41% | 12.39% | 11.38% |
| &nbsp;&nbsp;&nbsp; 2023 | 2016 | $33.57 | $26.53 | $65344 | 0.10% | 1.00% | 1.60% | 17.55% | 16.51% |
| &nbsp;&nbsp;&nbsp; 2022 | 2109 | $28.56 | $22.77 | $57893 | 0.10% | 1.00% | 1.12% | (17.15%) | (17.90%) |
| &nbsp;&nbsp;&nbsp; 2021 | 2048 | $34.47 | $27.74 | $67739 | 0.10% | 1.00% | 0.97% | 17.71% | 16.65% |
|  VIP - Consumer Staples Initial Class | VIP - Consumer Staples Initial Class | VIP - Consumer Staples Initial Class | VIP - Consumer Staples Initial Class | VIP - Consumer Staples Initial Class | VIP - Consumer Staples Initial Class | VIP - Consumer Staples Initial Class | VIP - Consumer Staples Initial Class | VIP - Consumer Staples Initial Class | VIP - Consumer Staples Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 19 | $35.76 | $34.44 | $685 | 0.80% | 1.00% | 1.71% | (3.77%) | (3.96%) |
| &nbsp;&nbsp;&nbsp; 2024 | 27 | $37.16 | $35.86 | $997 | 0.80% | 1.00% | 2.55% | 4.72% | 4.52% |
| &nbsp;&nbsp;&nbsp; 2023 | 31 | $35.48 | $34.31 | $1096 | 0.80% | 1.00% | 2.01% | 2.31% | 2.11% |
| &nbsp;&nbsp;&nbsp; 2022 | 36 | $34.68 | $33.60 | $1256 | 0.80% | 1.00% | 1.85% | (1.41%) | (1.61%) |
| &nbsp;&nbsp;&nbsp; 2021 | 29 | $35.17 | $34.15 | $1040 | 0.80% | 1.00% | 1.79% | 13.33% | 13.10% |

---

---

| | |
|:---|:---|
| **72** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**6. Unit Values - continued** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Unit value (4)** | **Unit value (4)** | | **Expense ratio (1)(4)** | **Expense ratio (1)(4)** | | **Total Return (3)(4)** | **Total Return (3)(4)** |
|  |<br>**Units**<br>**(000s)** | **Highest** | **Lowest** |<br>**Net assets**<br>**(000s)** | **Lowest** | **Highest** |<br>**Investment<br>income ratio (2)** | **Highest** | **Lowest** |
|  VIP - Consumer Staples Investor Class | VIP - Consumer Staples Investor Class | VIP - Consumer Staples Investor Class | VIP - Consumer Staples Investor Class | VIP - Consumer Staples Investor Class | VIP - Consumer Staples Investor Class | VIP - Consumer Staples Investor Class | VIP - Consumer Staples Investor Class | VIP - Consumer Staples Investor Class | VIP - Consumer Staples Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 342 | $37.15 | $39.07 | $13015 | 0.10% | 0.25% | 1.80% | (3.15%) | (3.29%) |
| &nbsp;&nbsp;&nbsp; 2024 | 402 | $38.36 | $40.40 | $15828 | 0.10% | 0.25% | 2.01% | 5.35% | 5.19% |
| &nbsp;&nbsp;&nbsp; 2023 | 499 | $36.41 | $48.06 | $18697 | 0.10% | 0.25% | 1.84% | 2.97% | 2.83% |
| &nbsp;&nbsp;&nbsp; 2022 | 560 | $35.36 | $46.74 | $20389 | 0.10% | 0.25% | 1.71% | (0.78%) | (0.94%) |
| &nbsp;&nbsp;&nbsp; 2021 | 508 | $35.64 | $47.18 | $18702 | 0.10% | 0.25% | 1.83% | 13.99% | 13.82% |
|  VIP - Materials Initial Class | VIP - Materials Initial Class | VIP - Materials Initial Class | VIP - Materials Initial Class | VIP - Materials Initial Class | VIP - Materials Initial Class | VIP - Materials Initial Class | VIP - Materials Initial Class | VIP - Materials Initial Class | VIP - Materials Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 21 | $30.83 | $29.69 | $667 | 0.80% | 1.00% | 1.09% | 10.50% | 10.29% |
| &nbsp;&nbsp;&nbsp; 2024 | 32 | $27.90 | $26.92 | $890 | 0.80% | 1.00% | 1.01% | (3.22%) | (3.44%) |
| &nbsp;&nbsp;&nbsp; 2023 | 48 | $28.83 | $27.88 | $1364 | 0.80% | 1.00% | 1.34% | 6.73% | 6.52% |
| &nbsp;&nbsp;&nbsp; 2022 | 56 | $27.01 | $26.17 | $1495 | 0.80% | 1.00% | 1.14% | (10.50%) | (10.69%) |
| &nbsp;&nbsp;&nbsp; 2021 | 45 | $30.18 | $29.30 | $1355 | 0.80% | 1.00% | 0.76% | 32.36% | 32.09% |
|  VIP - Materials Investor Class | VIP - Materials Investor Class | VIP - Materials Investor Class | VIP - Materials Investor Class | VIP - Materials Investor Class | VIP - Materials Investor Class | VIP - Materials Investor Class | VIP - Materials Investor Class | VIP - Materials Investor Class | VIP - Materials Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 138 | $31.74 | $33.65 | $4650 | 0.10% | 0.25% | 1.11% | 11.13% | 10.95% |
| &nbsp;&nbsp;&nbsp; 2024 | 143 | $28.56 | $30.33 | $4385 | 0.10% | 0.25% | 1.07% | (2.64%) | (2.79%) |
| &nbsp;&nbsp;&nbsp; 2023 | 198 | $29.34 | $63.25 | $6277 | 0.10% | 0.25% | 1.16% | 7.46% | 7.31% |
| &nbsp;&nbsp;&nbsp; 2022 | 264 | $27.30 | $58.94 | $7725 | 0.10% | 0.25% | 1.08% | (10.00%) | (10.13%) |
| &nbsp;&nbsp;&nbsp; 2021 | 221 | $30.33 | $65.59 | $7352 | 0.10% | 0.25% | 0.57% | 33.26% | 33.06% |
|  VIP - Communication Services Initial Class | VIP - Communication Services Initial Class | VIP - Communication Services Initial Class | VIP - Communication Services Initial Class | VIP - Communication Services Initial Class | VIP - Communication Services Initial Class | VIP - Communication Services Initial Class | VIP - Communication Services Initial Class | VIP - Communication Services Initial Class | VIP - Communication Services Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 81 | $51.45 | $49.55 | $4179 | 0.80% | 1.00% |  | 33.32% | 33.06% |
| &nbsp;&nbsp;&nbsp; 2024 | 73 | $38.59 | $37.24 | $2804 | 0.80% | 1.00% |  | 32.96% | 32.67% |
| &nbsp;&nbsp;&nbsp; 2023 | 128 | $29.02 | $28.07 | $3702 | 0.80% | 1.00% |  | 56.13% | 55.83% |
| &nbsp;&nbsp;&nbsp; 2022 | 56 | $18.59 | $18.01 | $1049 | 0.80% | 1.00% |  | (38.63%) | (38.76%) |
| &nbsp;&nbsp;&nbsp; 2021 | 72 | $30.29 | $29.41 | $2196 | 0.80% | 1.00% |  | 14.72% | 14.49% |
|  VIP - Communication Services Investor Class | VIP - Communication Services Investor Class | VIP - Communication Services Investor Class | VIP - Communication Services Investor Class | VIP - Communication Services Investor Class | VIP - Communication Services Investor Class | VIP - Communication Services Investor Class | VIP - Communication Services Investor Class | VIP - Communication Services Investor Class | VIP - Communication Services Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 406 | $73.18 | $56.20 | $27669 | 0.10% | 0.25% |  | 34.15% | 33.94% |
| &nbsp;&nbsp;&nbsp; 2024 | 335 | $54.55 | $41.96 | $16845 | 0.10% | 0.25% |  | 33.76% | 33.56% |
| &nbsp;&nbsp;&nbsp; 2023 | 380 | $40.78 | $76.20 | $14205 | 0.10% | 0.25% |  | 57.10% | 56.84% |
| &nbsp;&nbsp;&nbsp; 2022 | 255 | $25.96 | $48.58 | $6062 | 0.10% | 0.25% |  | (38.24%) | (38.32%) |
| &nbsp;&nbsp;&nbsp; 2021 | 300 | $42.03 | $78.76 | $11694 | 0.10% | 0.25% |  | 15.48% | 15.31% |
|  VIP - Hedged Equity Investor Class (C) | VIP - Hedged Equity Investor Class (C) | VIP - Hedged Equity Investor Class (C) | VIP - Hedged Equity Investor Class (C) | VIP - Hedged Equity Investor Class (C) | VIP - Hedged Equity Investor Class (C) | VIP - Hedged Equity Investor Class (C) | VIP - Hedged Equity Investor Class (C) | VIP - Hedged Equity Investor Class (C) | VIP - Hedged Equity Investor Class (C) |
| &nbsp;&nbsp;&nbsp; 2025 | 24 | $11.74 | $11.73 | $276 | 0.10% | 0.25% | 1.13% |  |  |
| &nbsp;&nbsp;&nbsp; 2024 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2023 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2022 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2021 |  |  |  |  |  |  |  |  |  |
|  VIP - Emerging Markets Initial Class | VIP - Emerging Markets Initial Class | VIP - Emerging Markets Initial Class | VIP - Emerging Markets Initial Class | VIP - Emerging Markets Initial Class | VIP - Emerging Markets Initial Class | VIP - Emerging Markets Initial Class | VIP - Emerging Markets Initial Class | VIP - Emerging Markets Initial Class | VIP - Emerging Markets Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 47 | $19.35 | $18.67 | $900 | 0.80% | 1.00% | 2.26% | 40.12% | 39.75% |
| &nbsp;&nbsp;&nbsp; 2024 | 38 | $13.81 | $13.36 | $526 | 0.80% | 1.00% | 1.35% | 9.15% | 8.97% |
| &nbsp;&nbsp;&nbsp; 2023 | 47 | $12.66 | $12.26 | $595 | 0.80% | 1.00% | 2.28% | 8.82% | 8.61% |
| &nbsp;&nbsp;&nbsp; 2022 | 47 | $11.63 | $11.29 | $547 | 0.80% | 1.00% | 1.81% | (20.77%) | (20.94%) |
| &nbsp;&nbsp;&nbsp; 2021 | 48 | $14.68 | $14.28 | $702 | 0.80% | 1.00% | 1.84% | (3.02%) | (3.22%) |
|  VIP - Emerging Markets Investor Class | VIP - Emerging Markets Investor Class | VIP - Emerging Markets Investor Class | VIP - Emerging Markets Investor Class | VIP - Emerging Markets Investor Class | VIP - Emerging Markets Investor Class | VIP - Emerging Markets Investor Class | VIP - Emerging Markets Investor Class | VIP - Emerging Markets Investor Class | VIP - Emerging Markets Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 866 | $27.36 | $21.04 | $22496 | 0.10% | 0.25% | 2.26% | 40.96% | 40.72% |
| &nbsp;&nbsp;&nbsp; 2024 | 735 | $19.41 | $14.95 | $13510 | 0.10% | 0.25% | 1.32% | 9.79% | 9.62% |
| &nbsp;&nbsp;&nbsp; 2023 | 805 | $17.68 | $36.38 | $13535 | 0.10% | 0.25% | 2.12% | 9.50% | 9.30% |
| &nbsp;&nbsp;&nbsp; 2022 | 818 | $16.15 | $33.28 | $12545 | 0.10% | 0.25% | 1.69% | (20.27%) | (20.39%) |
| &nbsp;&nbsp;&nbsp; 2021 | 789 | $20.26 | $41.80 | $15195 | 0.10% | 0.25% | 1.84% | (2.37%) | (2.52%) |
|  VIP - Floating Rate High Income Initial Class | VIP - Floating Rate High Income Initial Class | VIP - Floating Rate High Income Initial Class | VIP - Floating Rate High Income Initial Class | VIP - Floating Rate High Income Initial Class | VIP - Floating Rate High Income Initial Class | VIP - Floating Rate High Income Initial Class | VIP - Floating Rate High Income Initial Class | VIP - Floating Rate High Income Initial Class | VIP - Floating Rate High Income Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 112 | $15.37 | $15.01 | $1724 | 0.80% | 1.00% | 7.09% | 4.49% | 4.24% |
| &nbsp;&nbsp;&nbsp; 2024 | 133 | $14.71 | $14.40 | $1946 | 0.80% | 1.00% | 7.10% | 7.63% | 7.38% |
| &nbsp;&nbsp;&nbsp; 2023 | 134 | $13.67 | $13.41 | $1834 | 0.80% | 1.00% | 5.64% | 11.32% | 11.07% |
| &nbsp;&nbsp;&nbsp; 2022 | 198 | $12.28 | $12.07 | $2443 | 0.80% | 1.00% | 5.06% | (1.34%) | (1.52%) |
| &nbsp;&nbsp;&nbsp; 2021 | 93 | $12.45 | $12.26 | $1153 | 0.80% | 1.00% | 2.86% | 4.36% | 4.15% |
|  VIP - Floating Rate High Income Investor Class | VIP - Floating Rate High Income Investor Class | VIP - Floating Rate High Income Investor Class | VIP - Floating Rate High Income Investor Class | VIP - Floating Rate High Income Investor Class | VIP - Floating Rate High Income Investor Class | VIP - Floating Rate High Income Investor Class | VIP - Floating Rate High Income Investor Class | VIP - Floating Rate High Income Investor Class | VIP - Floating Rate High Income Investor Class |
| &nbsp;&nbsp;&nbsp; 2025 | 1687 | $16.62 | $16.33 | $27855 | 0.10% | 0.25% | 7.52% | 5.26% | 5.08% |
| &nbsp;&nbsp;&nbsp; 2024 | 1951 | $15.79 | $15.54 | $30601 | 0.10% | 0.25% | 7.22% | 8.25% | 8.09% |
| &nbsp;&nbsp;&nbsp; 2023 | 2036 | $14.59 | $14.38 | $29537 | 0.10% | 0.25% | 7.29% | 12.15% | 11.99% |
| &nbsp;&nbsp;&nbsp; 2022 | 1973 | $13.01 | $12.84 | $25553 | 0.10% | 0.25% | 4.19% | (0.68%) | (0.85%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1971 | $13.10 | $12.95 | $25709 | 0.10% | 0.25% | 2.99% | 4.97% | 4.82% |
|  VIP - Bond Index Initial Class | VIP - Bond Index Initial Class | VIP - Bond Index Initial Class | VIP - Bond Index Initial Class | VIP - Bond Index Initial Class | VIP - Bond Index Initial Class | VIP - Bond Index Initial Class | VIP - Bond Index Initial Class | VIP - Bond Index Initial Class | VIP - Bond Index Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 3525 | $11.47 | $10.71 | $40120 | 0.10% | 1.00% | 3.44% | 6.90% | 5.93% |
| &nbsp;&nbsp;&nbsp; 2024 | 3233 | $10.73 | $10.11 | $34520 | 0.10% | 1.00% | 3.20% | 1.11% | 0.20% |
| &nbsp;&nbsp;&nbsp; 2023 | 2729 | $10.61 | $10.09 | $28838 | 0.10% | 1.00% | 2.51% | 5.39% | 4.47% |
| &nbsp;&nbsp;&nbsp; 2022 | 2506 | $10.07 | $9.66 | $25136 | 0.10% | 1.00% | 1.80% | (13.30%) | (14.10%) |
| &nbsp;&nbsp;&nbsp; 2021 | 2322 | $11.61 | $11.25 | $26880 | 0.10% | 1.00% | 0.96% | (2.05%) | (2.93%) |

---

---

| | |
|:---|:---|
| **73** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**6. Unit Values - continued** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Unit value (4)** | **Unit value (4)** | | **Expense ratio (1)(4)** | **Expense ratio (1)(4)** | | **Total Return (3)(4)** | **Total Return (3)(4)** |
|  |<br>**Units**<br>**(000s)** | **Highest** | **Lowest** |<br>**Net assets**<br>**(000s)** | **Lowest** | **Highest** |<br>**Investment<br>income ratio (2)** | **Highest** | **Lowest** |
|  VIP - Total Market Index Initial Class | VIP - Total Market Index Initial Class | VIP - Total Market Index Initial Class | VIP - Total Market Index Initial Class | VIP - Total Market Index Initial Class | VIP - Total Market Index Initial Class | VIP - Total Market Index Initial Class | VIP - Total Market Index Initial Class | VIP - Total Market Index Initial Class | VIP - Total Market Index Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 2938 | $26.09 | $24.36 | $76152 | 0.10% | 1.00% | 1.13% | 17.00% | 15.94% |
| &nbsp;&nbsp;&nbsp; 2024 | 2834 | $22.30 | $21.01 | $62836 | 0.10% | 1.00% | 1.40% | 23.57% | 22.44% |
| &nbsp;&nbsp;&nbsp; 2023 | 2346 | $18.05 | $17.16 | $42089 | 0.10% | 1.00% | 1.10% | 25.94% | 24.81% |
| &nbsp;&nbsp;&nbsp; 2022 | 2338 | $14.33 | $13.75 | $33370 | 0.10% | 1.00% | 1.45% | (19.30%) | (20.02%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1924 | $17.76 | $17.19 | $34042 | 0.10% | 1.00% | 1.23% | 25.56% | 24.43% |
|  VIP - Extended Market Index Initial Class | VIP - Extended Market Index Initial Class | VIP - Extended Market Index Initial Class | VIP - Extended Market Index Initial Class | VIP - Extended Market Index Initial Class | VIP - Extended Market Index Initial Class | VIP - Extended Market Index Initial Class | VIP - Extended Market Index Initial Class | VIP - Extended Market Index Initial Class | VIP - Extended Market Index Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 537 | $18.07 | $16.87 | $9658 | 0.10% | 1.00% | 1.22% | 12.24% | 11.21% |
| &nbsp;&nbsp;&nbsp; 2024 | 533 | $16.10 | $15.17 | $8538 | 0.10% | 1.00% | 1.36% | 12.19% | 11.14% |
| &nbsp;&nbsp;&nbsp; 2023 | 540 | $14.35 | $13.65 | $7708 | 0.10% | 1.00% | 1.66% | 17.35% | 16.27% |
| &nbsp;&nbsp;&nbsp; 2022 | 646 | $12.23 | $11.74 | $7867 | 0.10% | 1.00% | 1.57% | (18.23%) | (18.93%) |
| &nbsp;&nbsp;&nbsp; 2021 | 487 | $14.96 | $14.48 | $7252 | 0.10% | 1.00% | 1.17% | 21.12% | 20.03% |
|  VIP - International Index Initial Class | VIP - International Index Initial Class | VIP - International Index Initial Class | VIP - International Index Initial Class | VIP - International Index Initial Class | VIP - International Index Initial Class | VIP - International Index Initial Class | VIP - International Index Initial Class | VIP - International Index Initial Class | VIP - International Index Initial Class |
| &nbsp;&nbsp;&nbsp; 2025 | 1861 | $16.98 | $15.86 | $31353 | 0.10% | 1.00% | 3.07% | 32.97% | 31.84% |
| &nbsp;&nbsp;&nbsp; 2024 | 1498 | $12.77 | $12.03 | $19017 | 0.10% | 1.00% | 2.90% | 5.00% | 4.07% |
| &nbsp;&nbsp;&nbsp; 2023 | 1521 | $12.16 | $11.56 | $18404 | 0.10% | 1.00% | 2.87% | 16.01% | 15.04% |
| &nbsp;&nbsp;&nbsp; 2022 | 1489 | $10.48 | $10.05 | $15552 | 0.10% | 1.00% | 2.44% | (16.08%) | (16.88%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1233 | $12.49 | $12.09 | $15364 | 0.10% | 1.00% | 2.79% | 7.61% | 6.64% |
|  VIF - Emerging Markets Equity Portfolio - Class I | VIF - Emerging Markets Equity Portfolio - Class I | VIF - Emerging Markets Equity Portfolio - Class I | VIF - Emerging Markets Equity Portfolio - Class I | VIF - Emerging Markets Equity Portfolio - Class I | VIF - Emerging Markets Equity Portfolio - Class I | VIF - Emerging Markets Equity Portfolio - Class I | VIF - Emerging Markets Equity Portfolio - Class I | VIF - Emerging Markets Equity Portfolio - Class I | VIF - Emerging Markets Equity Portfolio - Class I |
| &nbsp;&nbsp;&nbsp; 2025 | 256 | $18.78 | $40.67 | $5839 | 0.10% | 1.00% | 0.36% | 32.81% | 31.62% |
| &nbsp;&nbsp;&nbsp; 2024 | 325 | $14.14 | $30.90 | $5526 | 0.10% | 1.00% | 1.39% | 7.71% | 6.73% |
| &nbsp;&nbsp;&nbsp; 2023 | 349 | $13.13 | $28.95 | $5799 | 0.10% | 1.00% | 1.64% | 11.82% | 10.87% |
| &nbsp;&nbsp;&nbsp; 2022 | 363 | $11.74 | $26.11 | $5415 | 0.10% | 1.00% | 0.43% | (25.13%) | (25.84%) |
| &nbsp;&nbsp;&nbsp; 2021 | 327 | $15.68 | $35.21 | $6786 | 0.10% | 1.00% | 0.86% | 2.88% | 1.96% |
|  VIF - Emerging Markets Debt Portfolio - Class I | VIF - Emerging Markets Debt Portfolio - Class I | VIF - Emerging Markets Debt Portfolio - Class I | VIF - Emerging Markets Debt Portfolio - Class I | VIF - Emerging Markets Debt Portfolio - Class I | VIF - Emerging Markets Debt Portfolio - Class I | VIF - Emerging Markets Debt Portfolio - Class I | VIF - Emerging Markets Debt Portfolio - Class I | VIF - Emerging Markets Debt Portfolio - Class I | VIF - Emerging Markets Debt Portfolio - Class I |
| &nbsp;&nbsp;&nbsp; 2025 | 376 | $17.76 | $40.64 | $8011 | 0.10% | 1.00% | 14.21% | 15.25% | 14.19% |
| &nbsp;&nbsp;&nbsp; 2024 | 405 | $15.41 | $35.59 | $7602 | 0.10% | 1.00% | 10.16% | 11.12% | 10.12% |
| &nbsp;&nbsp;&nbsp; 2023 | 430 | $13.87 | $32.32 | $7322 | 0.10% | 1.00% | 8.76% | 11.76% | 10.74% |
| &nbsp;&nbsp;&nbsp; 2022 | 506 | $12.41 | $29.19 | $7662 | 0.10% | 1.00% | 7.55% | (18.84%) | (19.56%) |
| &nbsp;&nbsp;&nbsp; 2021 | 558 | $15.29 | $36.29 | $10422 | 0.10% | 1.00% | 5.09% | (2.12%) | (3.00%) |
|  VIF - Global Strategist - Class II | VIF - Global Strategist - Class II | VIF - Global Strategist - Class II | VIF - Global Strategist - Class II | VIF - Global Strategist - Class II | VIF - Global Strategist - Class II | VIF - Global Strategist - Class II | VIF - Global Strategist - Class II | VIF - Global Strategist - Class II | VIF - Global Strategist - Class II |
| &nbsp;&nbsp;&nbsp; 2025 | 143 | $26.22 | $26.05 | $3690 | 0.10% | 1.00% |  | 17.32% | 16.09% |
| &nbsp;&nbsp;&nbsp; 2024 | 189 | $22.35 | $22.44 | $4118 | 0.10% | 1.00% |  | 7.36% | 6.50% |
| &nbsp;&nbsp;&nbsp; 2023 | 190 | $20.82 | $21.07 | $3885 | 0.10% | 1.00% | 1.65% | 13.96% | 12.90% |
| &nbsp;&nbsp;&nbsp; 2022 | 193 | $18.27 | $18.66 | $3478 | 0.10% | 1.00% |  | (17.03%) | (17.75%) |
| &nbsp;&nbsp;&nbsp; 2021 | 214 | $22.02 | $22.69 | $4672 | 0.10% | 1.00% | 1.83% | 8.26% | 7.28% |
|  Lazard - Retirement Emerging Markets Portfolio - Investor | Lazard - Retirement Emerging Markets Portfolio - Investor | Lazard - Retirement Emerging Markets Portfolio - Investor | Lazard - Retirement Emerging Markets Portfolio - Investor | Lazard - Retirement Emerging Markets Portfolio - Investor | Lazard - Retirement Emerging Markets Portfolio - Investor | Lazard - Retirement Emerging Markets Portfolio - Investor | Lazard - Retirement Emerging Markets Portfolio - Investor | Lazard - Retirement Emerging Markets Portfolio - Investor | Lazard - Retirement Emerging Markets Portfolio - Investor |
| &nbsp;&nbsp;&nbsp; 2025 | 339 | $21.55 | $24.97 | $8469 | 0.10% | 1.00% | 2.96% | 41.96% | 40.60% |
| &nbsp;&nbsp;&nbsp; 2024 | 331 | $15.18 | $17.76 | $5752 | 0.10% | 1.00% | 3.65% | 7.57% | 6.67% |
| &nbsp;&nbsp;&nbsp; 2023 | 378 | $14.11 | $16.65 | $6099 | 0.10% | 1.00% | 5.07% | 22.49% | 21.43% |
| &nbsp;&nbsp;&nbsp; 2022 | 394 | $11.52 | $13.71 | $5222 | 0.10% | 1.00% | 3.47% | (15.04%) | (15.84%) |
| &nbsp;&nbsp;&nbsp; 2021 | 502 | $13.56 | $16.29 | $7767 | 0.10% | 1.00% | 2.11% | 5.69% | 4.74% |
|  Invesco - V.I. Global Core Equity Series I | Invesco - V.I. Global Core Equity Series I | Invesco - V.I. Global Core Equity Series I | Invesco - V.I. Global Core Equity Series I | Invesco - V.I. Global Core Equity Series I | Invesco - V.I. Global Core Equity Series I | Invesco - V.I. Global Core Equity Series I | Invesco - V.I. Global Core Equity Series I | Invesco - V.I. Global Core Equity Series I | Invesco - V.I. Global Core Equity Series I |
| &nbsp;&nbsp;&nbsp; 2025 | 224 | $32.21 | $35.23 | $7045 | 0.10% | 1.00% | 1.39% | 15.45% | 14.27% |
| &nbsp;&nbsp;&nbsp; 2024 | 236 | $27.90 | $30.83 | $6340 | 0.10% | 1.00% | 1.14% | 16.73% | 15.82% |
| &nbsp;&nbsp;&nbsp; 2023 | 240 | $23.90 | $26.62 | $5495 | 0.10% | 1.00% | 0.50% | 21.58% | 20.50% |
| &nbsp;&nbsp;&nbsp; 2022 | 249 | $19.66 | $22.09 | $4719 | 0.10% | 1.00% | 0.35% | (21.94%) | (22.65%) |
| &nbsp;&nbsp;&nbsp; 2021 | 254 | $25.19 | 28.56 | $6137 | 0.10% | 1.00% | 0.98% | 15.86% | 14.81% |
|  Allspring - VT Discovery SMID Cap Growth Class 2 (5)(6) | Allspring - VT Discovery SMID Cap Growth Class 2 (5)(6) | Allspring - VT Discovery SMID Cap Growth Class 2 (5)(6) | Allspring - VT Discovery SMID Cap Growth Class 2 (5)(6) | Allspring - VT Discovery SMID Cap Growth Class 2 (5)(6) | Allspring - VT Discovery SMID Cap Growth Class 2 (5)(6) | Allspring - VT Discovery SMID Cap Growth Class 2 (5)(6) | Allspring - VT Discovery SMID Cap Growth Class 2 (5)(6) | Allspring - VT Discovery SMID Cap Growth Class 2 (5)(6) | Allspring - VT Discovery SMID Cap Growth Class 2 (5)(6) |
| &nbsp;&nbsp;&nbsp; 2025 | 43 | $83.03 | $78.69 | $3499 | 0.80% | 1.00% |  | 4.55% | 4.18% |
| &nbsp;&nbsp;&nbsp; 2024 | 44 | $79.42 | $75.53 | $3462 | 0.80% | 1.00% |  | 17.18% | 17.12% |
| &nbsp;&nbsp;&nbsp; 2023 | 47 | $67.78 | $64.49 | $3171 | 0.80% | 1.00% |  | 19.18% | 18.95% |
| &nbsp;&nbsp;&nbsp; 2022 | 48 | $56.87 | $54.22 | $2747 | 0.80% | 1.00% |  | (38.35%) | (38.47%) |
| &nbsp;&nbsp;&nbsp; 2021 | 52 | $92.24 | $88.12 | $4777 | 0.80% | 1.00% |  | (5.80%) | (5.99%) |
|  Allspring - VT Opportunity Class 2 (5) | Allspring - VT Opportunity Class 2 (5) | Allspring - VT Opportunity Class 2 (5) | Allspring - VT Opportunity Class 2 (5) | Allspring - VT Opportunity Class 2 (5) | Allspring - VT Opportunity Class 2 (5) | Allspring - VT Opportunity Class 2 (5) | Allspring - VT Opportunity Class 2 (5) | Allspring - VT Opportunity Class 2 (5) | Allspring - VT Opportunity Class 2 (5) |
| &nbsp;&nbsp;&nbsp; 2025 | 15 | $99.84 | $94.62 | $1452 | 0.80% | 1.00% | 0.05% | 5.85% | 5.64% |
| &nbsp;&nbsp;&nbsp; 2024 | 16 | $94.32 | $89.57 | $1436 | 0.80% | 1.00% | 0.05% | 14.12% | 13.90% |
| &nbsp;&nbsp;&nbsp; 2023 | 16 | $82.64 | $78.64 | $1327 | 0.80% | 1.00% |  | 25.49% | 25.25% |
| &nbsp;&nbsp;&nbsp; 2022 | 17 | $65.86 | $62.79 | $1155 | 0.80% | 1.00% |  | (21.44%) | (21.60%) |
| &nbsp;&nbsp;&nbsp; 2021 | 19 | $83.83 | $80.09 | $1585 | 0.80% | 1.00% | 0.04% | 23.78% | 23.53% |

---

---

| | |
|:---|:---|
| **74** | ***Annual Report*** |

---

------

##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**6. Unit Values - continued** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Unit value (4)** | **Unit value (4)** | | **Expense ratio (1)(4)** | **Expense ratio (1)(4)** | | **Total Return (3)(4)** | **Total Return (3)(4)** |
|  |<br>**Units**<br>**(000s)** | **Highest** | **Lowest** |<br>**Net assets**<br>**(000s)** | **Lowest** | **Highest** |<br>**Investment<br>income ratio (2)** | **Highest** | **Lowest** |
|  PVIT - Commodity Real Return Strategy Portfolio - Administrative | PVIT - Commodity Real Return Strategy Portfolio - Administrative | PVIT - Commodity Real Return Strategy Portfolio - Administrative | PVIT - Commodity Real Return Strategy Portfolio - Administrative | PVIT - Commodity Real Return Strategy Portfolio - Administrative | PVIT - Commodity Real Return Strategy Portfolio - Administrative | PVIT - Commodity Real Return Strategy Portfolio - Administrative | PVIT - Commodity Real Return Strategy Portfolio - Administrative | PVIT - Commodity Real Return Strategy Portfolio - Administrative | PVIT - Commodity Real Return Strategy Portfolio - Administrative |
| &nbsp;&nbsp;&nbsp; 2025 | 791 | $9.82 | $8.67 | $7735 | 0.10% | 1.00% | 2.87% | 18.60% | 17.64% |
| &nbsp;&nbsp;&nbsp; 2024 | 463 | $8.28 | $7.37 | $3812 | 0.10% | 1.00% | 2.14% | 4.06% | 3.08% |
| &nbsp;&nbsp;&nbsp; 2023 | 523 | $7.95 | $7.15 | $4145 | 0.10% | 1.00% | 16.79% | (7.95%) | (8.80%) |
| &nbsp;&nbsp;&nbsp; 2022 | 813 | $8.64 | $7.84 | $6959 | 0.10% | 1.00% | 24.65% | 8.52% | 7.76% |
| &nbsp;&nbsp;&nbsp; 2021 | 600 | $7.96 | $7.29 | $4758 | 0.10% | 1.00% | 4.87% | 33.21% | 32.28% |
|  PVIT - Low Duration Portfolio - Administrative | PVIT - Low Duration Portfolio - Administrative | PVIT - Low Duration Portfolio - Administrative | PVIT - Low Duration Portfolio - Administrative | PVIT - Low Duration Portfolio - Administrative | PVIT - Low Duration Portfolio - Administrative | PVIT - Low Duration Portfolio - Administrative | PVIT - Low Duration Portfolio - Administrative | PVIT - Low Duration Portfolio - Administrative | PVIT - Low Duration Portfolio - Administrative |
| &nbsp;&nbsp;&nbsp; 2025 | 2458 | $12.82 | $11.73 | $31778 | 0.10% | 1.00% | 3.94% | 5.43% | 4.45% |
| &nbsp;&nbsp;&nbsp; 2024 | 2149 | $12.16 | $11.23 | $26493 | 0.10% | 1.00% | 3.99% | 4.39% | 3.41% |
| &nbsp;&nbsp;&nbsp; 2023 | 2422 | $11.65 | $10.86 | $28583 | 0.10% | 1.00% | 3.59% | 4.88% | 3.89% |
| &nbsp;&nbsp;&nbsp; 2022 | 2859 | $11.11 | $10.45 | $32188 | 0.10% | 1.00% | 1.66% | (5.85%) | (6.65%) |
| &nbsp;&nbsp;&nbsp; 2021 | 3207 | $11.80 | $11.19 | $38427 | 0.10% | 1.00% | 0.52% | (1.03%) | (1.92%) |
|  PVIT - Real Return Portfolio - Administrative | PVIT - Real Return Portfolio - Administrative | PVIT - Real Return Portfolio - Administrative | PVIT - Real Return Portfolio - Administrative | PVIT - Real Return Portfolio - Administrative | PVIT - Real Return Portfolio - Administrative | PVIT - Real Return Portfolio - Administrative | PVIT - Real Return Portfolio - Administrative | PVIT - Real Return Portfolio - Administrative | PVIT - Real Return Portfolio - Administrative |
| &nbsp;&nbsp;&nbsp; 2025 | 860 | $14.96 | $14.35 | $13272 | 0.10% | 1.00% | 3.32% | 7.70% | 6.77% |
| &nbsp;&nbsp;&nbsp; 2024 | 865 | $13.89 | $13.44 | $12410 | 0.10% | 1.00% | 2.62% | 2.03% | 1.13% |
| &nbsp;&nbsp;&nbsp; 2023 | 1066 | $13.61 | $13.29 | $15044 | 0.10% | 1.00% | 2.99% | 3.57% | 2.63% |
| &nbsp;&nbsp;&nbsp; 2022 | 1354 | $13.14 | $12.95 | $18439 | 0.10% | 1.00% | 7.06% | (12.00%) | (12.78%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1458 | $14.93 | $14.85 | $22642 | 0.10% | 1.00% | 4.97% | 5.48% | 4.53% |
|  PVIT - Total Return Portfolio - Administrative | PVIT - Total Return Portfolio - Administrative | PVIT - Total Return Portfolio - Administrative | PVIT - Total Return Portfolio - Administrative | PVIT - Total Return Portfolio - Administrative | PVIT - Total Return Portfolio - Administrative | PVIT - Total Return Portfolio - Administrative | PVIT - Total Return Portfolio - Administrative | PVIT - Total Return Portfolio - Administrative | PVIT - Total Return Portfolio - Administrative |
| &nbsp;&nbsp;&nbsp; 2025 | 1992 | $14.48 | $13.70 | $29781 | 0.10% | 1.00% | 4.11% | 8.79% | 7.79% |
| &nbsp;&nbsp;&nbsp; 2024 | 2109 | $13.31 | $12.71 | $29044 | 0.10% | 1.00% | 4.04% | 2.43% | 1.52% |
| &nbsp;&nbsp;&nbsp; 2023 | 2225 | $13.00 | $12.52 | $29952 | 0.10% | 1.00% | 3.56% | 5.84% | 4.85% |
| &nbsp;&nbsp;&nbsp; 2022 | 2758 | $12.28 | $11.94 | $35046 | 0.10% | 1.00% | 2.59% | (14.39%) | (15.14%) |
| &nbsp;&nbsp;&nbsp; 2021 | 3336 | $14.34 | $14.07 | $49452 | 0.10% | 1.00% | 1.82% | (1.37%) | (2.25%) |
|  Blackrock - Global Allocation V.I. Fund - Class I | Blackrock - Global Allocation V.I. Fund - Class I | Blackrock - Global Allocation V.I. Fund - Class I | Blackrock - Global Allocation V.I. Fund - Class I | Blackrock - Global Allocation V.I. Fund - Class I | Blackrock - Global Allocation V.I. Fund - Class I | Blackrock - Global Allocation V.I. Fund - Class I | Blackrock - Global Allocation V.I. Fund - Class I | Blackrock - Global Allocation V.I. Fund - Class I | Blackrock - Global Allocation V.I. Fund - Class I |
| &nbsp;&nbsp;&nbsp; 2025 | 1263 | $23.81 | $21.02 | $29765 | 0.10% | 1.00% | 3.35% | 19.41% | 18.36% |
| &nbsp;&nbsp;&nbsp; 2024 | 1382 | $19.94 | $17.76 | $27254 | 0.10% | 1.00% | 1.19% | 11.19% | 10.17% |
| &nbsp;&nbsp;&nbsp; 2023 | 1515 | $17.93 | $16.12 | $27413 | 0.10% | 1.00% | 1.85% | 10.22% | 9.23% |
| &nbsp;&nbsp;&nbsp; 2022 | 1835 | $16.27 | $14.76 | $29565 | 0.10% | 1.00% |  | (16.05%) | (16.81%) |
| &nbsp;&nbsp;&nbsp; 2021 | 1976 | $19.38 | $17.74 | $37966 | 0.10% | 1.00% | 0.78% | 6.44% | 5.48% |
|  FTVIP - Templeton Global Bond Fund - Class 2 | FTVIP - Templeton Global Bond Fund - Class 2 | FTVIP - Templeton Global Bond Fund - Class 2 | FTVIP - Templeton Global Bond Fund - Class 2 | FTVIP - Templeton Global Bond Fund - Class 2 | FTVIP - Templeton Global Bond Fund - Class 2 | FTVIP - Templeton Global Bond Fund - Class 2 | FTVIP - Templeton Global Bond Fund - Class 2 | FTVIP - Templeton Global Bond Fund - Class 2 | FTVIP - Templeton Global Bond Fund - Class 2 |
| &nbsp;&nbsp;&nbsp; 2025 | 397 | $10.39 | $9.18 | $4069 | 0.10% | 1.00% |  | 15.57% | 14.61% |
| &nbsp;&nbsp;&nbsp; 2024 | 405 | $8.99 | $8.01 | $3608 | 0.10% | 1.00% |  | (11.46%) | (12.27%) |
| &nbsp;&nbsp;&nbsp; 2023 | 462 | $10.15 | $9.35 | $4657 | 0.10% | 1.00% |  | 2.77% | 1.90% |
| &nbsp;&nbsp;&nbsp; 2022 | 545 | $9.88 | $8.96 | $5343 | 0.10% | 1.00% |  | (5.04%) | (5.90%) |
| &nbsp;&nbsp;&nbsp; 2021 | 591 | $10.40 | $9.52 | $6101 | 0.10% | 1.00% |  | (5.09%) |  |
|  FTVIP - Franklin U.S. Government Securities Fund - Class 2 | FTVIP - Franklin U.S. Government Securities Fund - Class 2 | FTVIP - Franklin U.S. Government Securities Fund - Class 2 | FTVIP - Franklin U.S. Government Securities Fund - Class 2 | FTVIP - Franklin U.S. Government Securities Fund - Class 2 | FTVIP - Franklin U.S. Government Securities Fund - Class 2 | FTVIP - Franklin U.S. Government Securities Fund - Class 2 | FTVIP - Franklin U.S. Government Securities Fund - Class 2 | FTVIP - Franklin U.S. Government Securities Fund - Class 2 | FTVIP - Franklin U.S. Government Securities Fund - Class 2 |
| &nbsp;&nbsp;&nbsp; 2025 | 333 | $11.40 | $10.35 | $3762 | 0.10% | 0.80% | 3.81% | 6.64% | 5.83% |
| &nbsp;&nbsp;&nbsp; 2024 | 431 | $10.69 | $9.53 | $4566 | 0.10% | 0.80% | 2.84% | 1.27% | 0.32% |
| &nbsp;&nbsp;&nbsp; 2023 | 541 | $10.56 | $9.72 | $5648 | 0.10% | 0.80% | 2.74% | 4.36% | 3.66% |
| &nbsp;&nbsp;&nbsp; 2022 | 563 | $10.12 | $9.38 | $5617 | 0.10% | 0.80% | 2.39% | (9.84%) | (10.49%) |
| &nbsp;&nbsp;&nbsp; 2021 | 693 | $11.22 | $10.48 | $7675 | 0.10% | 0.80% | 2.38% | (1.92%) | (2.61%) |

---

(1) *These amounts represent annualized contract expenses of the separate account, consisting primarily of mortality and expense charges, for each period indicated. 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 fund are excluded.* 

(2) *These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense 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.* 

(3) *These amounts represent the total return for the periods indicated, including changes in the value of the underlying fund, which includes expenses assessed through the reduction of unit values. The ratio does not include expenses assessed through the redemption of units. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for the period indicated or from the effective date through the end of the reporting period.* 

(4) *The unit value and total return columns labeled "Highest" correspond with the product with the lowest expense ratio. The unit value and total return columns labeled "Lowest" correspond with the product with the highest expense ratio. Please see Footnote 3 for additional information regarding total return.* 

(5) *During 2021, the following underlying funds were renamed:* 

---

| | |
|:---|:---|
| ***Old Name*** | **New Name** |
|  *Wells Fargo VT Discovery Fund* | *Allspring VT Discovery Fund* |
|  *Wells Fargo VT Opportunity Fund* | *Allspring VT Opportunity Fund* |

---

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| | |
|:---|:---|
| **75** | ***Annual Report*** |

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##### [**Table of Contents**](#toc)
**Notes to Financial Statements - continued** 

**Empire Fidelity Investments Variable Annuity Account A** 

**6. Unit Values - continued** 

*(6)* *During 2023, the following underlying funds were renamed:* 

**Old Name** 

Allspring VT Discovery Fund

VIP Financial Services Initial Class

VIP Financial Services Investor Class

**New Name** 

Allspring – VT Discovery SMID Cap Growth Class 2

VIP – Financials Initial Class

VIP – Financials Investor Class

*(7)* *During 2023, the following underlying funds were added and commenced operations effective May 1, 2023:* 

VIP – Freedom 2035 Initial Class

VIP – Freedom 2040 Initial Class

VIP – Freedom 2045 Initial Class

VIP – Freedom 2050 Initial Class

VIP – FundsManager 30% Investor Class

VIP – Investor Freedom 2035 Investor Class

VIP – Investor Freedom 2040 Investor Class

VIP – Investor Freedom 2045 Investor Class

VIP – Investor Freedom 2050 Investor Class

VIP – FundsManager 40% Investor Class

*(A)* *Fund Merged. See Note 1* 

*(B)* *Fund Name Change. See Note 1* 

*(C)* *New Fund. See Note 1* 

**7. Subsequent Events** 

Effective April 30, 2026, the VIP Freedom Income Initial Class will be renamed to VIP Freedom Retirement Initial Class.

Effective April 30, 2026, the VIP Investor Freedom Income Investor Class will be renamed to VIP Investor Freedom Retirement Investor Class.

The Invesco V.I. Global Core Equity and Invesco V.I. Global funds approved a Plan of Reorganization Agreement to transfer of all the net assets of the Invesco V.I. Global Core Equity fund in exchange for shares of the Invesco V.I. Global fund effective April 24, 2026.

The Account has evaluated subsequent events from the balance sheet date through the date of this report and no other events have occurred that would require disclosure.

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| **76** | ***Annual Report*** |

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##### [**Table of Contents**](#toc)
**Report of Independent Registered Public Accounting Firm** 

To the Board of Directors of Empire Fidelity Investments Life Insurance Company and the Contract Owners of Empire Fidelity Investments Variable Annuity Account A

***Opinions on the Financial Statements***

We have audited the accompanying statements of assets and liabilities of each of the subaccounts of Empire Fidelity Investments Variable Annuity Account A indicated in the table below as of December 31, 2025, and the related statements of operations and of changes in net assets for each of the periods indicated in the table below (other than the subaccounts denoted by footnote (2), which only includes a statement of changes in net assets for the period January 1, 2024 to June 7, 2024 (date of merger)), including the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the subaccounts of Empire Fidelity Investments Variable Annuity Account A (other than the subaccounts denoted by footnote (2)) as of December 31, 2025, and the results of each of their operations and the changes in each of their net assets for the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Fidelity VIP Government Money Market - Initial Class (1) | Fidelity VIP Government Money Market - Investor Class (1) | Fidelity VIP High Income - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP High Income - Investor Class (1) | Fidelity VIP Equity-Income - Initial Class (1) | Fidelity VIP Equity-Income - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Growth - Initial Class (1) | Fidelity VIP Growth - Investor Class (1) | Fidelity VIP Overseas - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Overseas - Investor Class (1) | Fidelity VIP Investment Grade Bond - Initial Class (1) | Fidelity VIP Investment Grade Bond - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Asset Manager 50% - Initial Class (1) | Fidelity VIP Asset Manager 50% - Investor Class (1) | Fidelity VIP Index 500 - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Asset Manager 70% - Initial Class (1) | Fidelity VIP Asset Manager 70% - Investor Class (1) | Fidelity VIP Contrafund - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Contrafund - Investor Class (1) | Fidelity VIP Balanced - Initial Class (1) | Fidelity VIP Balanced - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Dynamic Capital Appreciation - Initial Class (1) | Fidelity VIP Dynamic Capital Appreciation - Investor Class (1) | Fidelity VIP Growth & Income - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Growth & Income - Investor Class (1) | Fidelity VIP Growth Opportunities - Initial Class (1) | Fidelity VIP Growth Opportunities - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Mid Cap - Initial Class (1) | Fidelity VIP Mid Cap - Investor Class (1) | Fidelity VIP Value Strategies - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Value Strategies - Investor Class (1) | Fidelity VIP Utilities - Initial Class (1) | Fidelity VIP Utilities - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Technology - Initial Class (1) | Fidelity VIP Technology - Investor Class (1) | Fidelity VIP Energy - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Energy - Investor Class (1) | Fidelity VIP Health Care - Initial Class (1) | Fidelity VIP Health Care - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Financials - Initial Class (1) | Fidelity VIP Financials - Investor Class (1) | Fidelity VIP Industrials - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Industrials - Investor Class (1) | Fidelity VIP Consumer Discretionary - Initial Class (1) | Fidelity VIP Consumer Discretionary - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Real Estate - Initial Class (1) | Fidelity VIP Real Estate - Investor Class (1) | Fidelity VIP Strategic Income - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Strategic Income - Investor Class (1) | Fidelity VIP International Capital Appreciation - Initial Class (1) | Fidelity VIP International Capital Appreciation - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Value - Initial Class (1) | Fidelity VIP Value - Investor Class (1) | Fidelity VIP Freedom Income - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Freedom Income - Investor Class (1) | Fidelity VIP Freedom 2005 - Initial Class (2) | Fidelity VIP Investor Freedom 2005 - Investor Class (2) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Freedom 2010 - Initial Class (1) | Fidelity VIP Investor Freedom 2010 - Investor Class (1) | Fidelity VIP Freedom 2015 - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Investor Freedom 2015 - Investor Class (1) | Fidelity VIP Freedom 2020 - Initial Class (1) | Fidelity VIP Investor Freedom 2020 - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Freedom 2025 - Initial Class (1) | Fidelity VIP Investor Freedom 2025 - Investor Class (1) | Fidelity VIP Freedom 2030 - Initial Class (1) |

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##### [**Table of Contents**](#toc)

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Fidelity VIP Investor Freedom 2030 - Investor Class (1) | Fidelity VIP Freedom 2035 - Initial Class (1) | Fidelity VIP Investor Freedom 2035 - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Freedom 2040 - Initial Class (1) | Fidelity VIP Investor Freedom 2040 - Investor Class (1) | Fidelity VIP Freedom 2045 - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Investor Freedom 2045 - Investor Class (1) | Fidelity VIP Freedom 2050 - Initial Class (1) | Fidelity VIP Investor Freedom 2050 - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Freedom Lifetime Income I (1) | Fidelity VIP Freedom Lifetime Income II (1) | Fidelity VIP Freedom Lifetime Income III (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Disciplined Small Cap - Initial Class (1) | Fidelity VIP Disciplined Small Cap - Investor Class (1) | Fidelity VIP FundsManager 20% - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP FundsManager 30% - Investor Class (1) | Fidelity VIP FundsManager 40% - Investor Class (1) | Fidelity VIP FundsManager 50% - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP FundsManager 60% - Investor Class (1) | Fidelity VIP FundsManager 70% - Investor Class (1) | Fidelity VIP FundsManager 85% - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Consumer Staples - Initial Class (1) | Fidelity VIP Consumer Staples - Investor Class (1) | Fidelity VIP Materials - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Materials - Investor Class (1) | Fidelity VIP Communication Services - Initial Class (1) | Fidelity VIP Communication Services - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Hedged Equity - Investor Class (3) | Fidelity VIP Emerging Markets - Initial Class (1) | Fidelity VIP Emerging Markets - Investor Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Floating Rate High Income - Initial Class (1) | Fidelity VIP Floating Rate High Income - Investor Class (1) | Fidelity VIP Bond Index - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Fidelity VIP Total Market Index - Initial Class (1) | Fidelity VIP Extended Market Index - Initial Class (1) | Fidelity VIP International Index - Initial Class (1) |
| &nbsp;&nbsp;&nbsp; Morgan Stanley VIF Emerging Markets Equity Portfolio - Class I (1) | Morgan Stanley VIF Emerging Markets Debt Portfolio - Class I (1) | Morgan Stanley VIF Global Strategist Portfolio - Class II (1) |
| &nbsp;&nbsp;&nbsp; Lazard Retirement Emerging Markets Equity Portfolio - Investor (1) | Invesco V.I. Global Core Equity Fund - Series I (1) | Allspring VT Discovery SMID Cap Growth - Class 2 (1) |
| &nbsp;&nbsp;&nbsp; Allspring VT Opportunity Fund - Class 2 (1) | PIMCO Commodity Real Return Strategy Portfolio - Administrative (1) | PIMCO Low Duration Portfolio - Administrative (1) |
| &nbsp;&nbsp;&nbsp; PIMCO Real Return Portfolio - Administrative (1) | PIMCO Total Return Portfolio - Administrative (1) | Blackrock Global Allocation V.I. Fund - Class I (1) |
| &nbsp;&nbsp;&nbsp; Templeton Global Bond VIP Fund - Class 2 (1) | Franklin U.S. Government Securities VIP Fund - Class 2 (1) |  |
| &nbsp;&nbsp;&nbsp; (1) Statement of operations for the year ended December 31, 2025 and statement of changes in net assets for the years ended December 31, 2025 and 2024<br> (2) Statement of operations for the period January 1, 2024 to June 7, 2024 (date of merger) and statement of changes in net assets for the period January 1, 2024 to June 7, 2024 (date of merger)<br> (3) Statement of operations and statement of changes in net assets for the period May 1, 2025 (commencement of operations) through December 31, 2025 | &nbsp;&nbsp;&nbsp; (1) Statement of operations for the year ended December 31, 2025 and statement of changes in net assets for the years ended December 31, 2025 and 2024<br> (2) Statement of operations for the period January 1, 2024 to June 7, 2024 (date of merger) and statement of changes in net assets for the period January 1, 2024 to June 7, 2024 (date of merger)<br> (3) Statement of operations and statement of changes in net assets for the period May 1, 2025 (commencement of operations) through December 31, 2025 | &nbsp;&nbsp;&nbsp; (1) Statement of operations for the year ended December 31, 2025 and statement of changes in net assets for the years ended December 31, 2025 and 2024<br> (2) Statement of operations for the period January 1, 2024 to June 7, 2024 (date of merger) and statement of changes in net assets for the period January 1, 2024 to June 7, 2024 (date of merger)<br> (3) Statement of operations and statement of changes in net assets for the period May 1, 2025 (commencement of operations) through December 31, 2025 |

---

***Basis for Opinions***

These financial statements are the responsibility of the Empire Fidelity Investments Life Insurance Company management. Our responsibility is to express an opinion on the financial statements of each of

the subaccounts of Empire Fidelity Investments Variable Annuity Account A 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 each of the subaccounts of Empire Fidelity Investments Variable Annuity Account A 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 of these financial statements 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.

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| **78** | ***Annual Report*** |

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##### [**Table of Contents**](#toc)
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our 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. Our procedures included confirmation of investments owned as of December 31, 2025 by correspondence with the custodians or the transfer agents of the investee mutual funds. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

April 30, 2026

We have served as the auditor of one or more of the subaccounts of Empire Fidelity Investments Variable Annuity Account A since 1991.

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| **79** | ***Annual Report*** |

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##### [**Table of Contents**](#toc)
![LOGO](g68041g82t73.jpg)

Retirement Reserves, Income Advantage, Personal Retirement, Freedom Lifetime Income and Growth and Guaranteed Income are issued by Empire Fidelity Investments Life Insurance Company. N.Y., N.Y.

Fidelity Brokerage Services LLC, member NYSE, SIPC, Fidelity Insurance Agency, Inc., and Fidelity Investments Institutional Services Company, Inc. are the distributors.

900 Salem Street, Smithfield, RI 02917

N.EVA/E.FIA-ANN-0221

1. XXXXXX.XXX

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**FINANCIAL STATEMENTS** 

**FOR THE YEARS ENDED DECEMBER 31, 2025, 2024 AND 2023** 

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**FINANCIAL STATEMENTS** 

*for the years ended December 31, 2025, 2024 and 2023*

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| | | |
|:---|:---|:---|
| **TABLE OF CONTENTS** | **PAGE** | **PAGE** |
|  [Report of Independent Auditors](#ifc30596_1) |  | 1 |
|  [Balance Sheets](#ifc30596_2) |  | 3 |
|  [Statements of Comprehensive Income](#ifc30596_3) |  | 4 |
|  [Statements of Stockholder's Equity](#ifc30596_4) |  | 5 |
|  [Statements of Cash Flows](#ifc30596_5) |  | 6 |
|  [Notes to Financial Statements](#ifc30596_6) |  | 7 |

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##### [**Table of Contents**](#toc)
**Report of Independent Auditors** 

To the Management and Board of Directors of Empire Fidelity Investments Life Insurance Company

***Opinion*** 

We have audited the accompanying financial statements of Empire Fidelity Investments Life Insurance Company (the "Company"), which comprise the balance sheets as of December 31, 2025 and 2024, and the related statements of comprehensive income, of stockholder's equity and of cash flows for the years then ended, including the related notes (collectively referred to as the "financial statements").

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.

***Basis for Opinion*** 

We conducted our audit in accordance with auditing standards generally accepted in the United States of America (US GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

***Emphasis of Matter*** 

As discussed in Note 2 to the financial statements, the Company changed the manner in which it accounts for long-duration insurance and annuity contracts in 2025.

***Responsibilities of Management for the Financial Statements*** 

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for one year after the date the financial statements are available to be issued.

***Auditors' Responsibilities for the Audit of the Financial Statements*** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with US GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

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##### [**Table of Contents**](#toc)
In performing an audit in accordance with US GAAS, we:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Exercise professional judgment and maintain professional skepticism throughout the audit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and
design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made
by management, as well as evaluate the overall presentation of the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial
doubt about the Company's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

April 30, 2026

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**BALANCE SHEETS** 

*(in thousands, except share data)*

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| | | |
|:---|:---|:---|
|  |  ***December 31, 2025*** |  ***December 31, 2024 <br>(As Restated)*** |
|  **ASSETS** |  |  |
|  Investments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities, available-for-sale, at fair value (amortized<br>cost of $195,637 in 2025 $196,020 in 2024) | $193989 | $187200 |
|  Policy loans | 43 | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments | 194032 | 187241 |
|  Cash and cash equivalents | 10306 | 14792 |
|  Accrued investment income | 2179 | 1920 |
|  Deferred policy acquisition costs | 55751 | 57888 |
|  Reinsurance deposit and receivables | 22392 | 24668 |
|  Other assets | 2720 | 2522 |
|  Income taxes receivable | 248 | 1064 |
|  Receivable from parent and affiliates, net | 811 |  |
|  Market risk benefit asset | 3740 | 3572 |
|  Separate account assets | 4432830 | 4031148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Assets | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4725009 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4324815 |
|  **LIABILITIES** |  |  |
|  Liability for future policy benefits | $63004 | $64607 |
|  Contract holder deposit funds | 42125 | 44672 |
|  Market risk benefit liability | 3771 | 4705 |
|  Payable to parent and affiliates, net |  | 751 |
|  Other liabilities and accrued expenses | 2845 | 7903 |
|  Deferred tax liability, net | 5317 | 6045 |
|  Separate account liabilities | 4432830 | 4031148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities | 4549892 | 4159831 |
|  **COMMITMENTS AND CONTINGENCIES (Note 11)** |  |  |
|  **STOCKHOLDER'S EQUITY** |  |  |
| Common stock, par value $10 per share - 200,000 shares authorized, issued, and outstanding | 2000 | 2000 |
|  Additional paid-in capital | 13500 | 13500 |
|  Accumulated other comprehensive income | (1435) | (6122) |
|  Retained earnings | 161052 | 155606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total stockholder's equity | 175117 | 164984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities and Stockholder's Equity | $4725009 | $4324815 |

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*The accompanying notes are an integral part of the financial statements*

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**STATEMENTS OF COMPREHENSIVE INCOME** 

*(in thousands)*

---

| | | | |
|:---|:---|:---|:---|
|  | ***For the years ended December 31,*** | ***For the years ended December 31,*** | ***For the years ended December 31,*** |
|  |  ***2025*** | ***2024 (As<br> Restated)*** | ***2023 (As<br> Restated)*** |
|  **Revenues** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fees charged to contract holders | $12447 | $12097 | $10783 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income | 7784 | 7594 | 6669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fund administration fees <sup>(1)</sup>  | 10511 | 9901 | 8787 |
| &nbsp;&nbsp;&nbsp;&nbsp; Premiums and other, net | 270 | 485 | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized investment (losses) gains: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized investment (losses) on sales | (536) | (1574) | (3815) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total revenues | $30476 | $28503 | $22924 |
|  **Benefits and expenses:** |  |  |  |
|  Underwriting, acquisition and insurance expenses <sup>(1)</sup> | 11261 | 11116 | 10251 |
|  Contract and policy benefits and expenses | 4131 | 6956 | 7414 |
| Liability for future policy benefits remeasurement (gain) loss | (1639) | (3617) | (4360) |
|  Market risk benefit remeasurement loss (gain) | 29 | 181 | (295) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total benefits and expenses | 13782 | 14636 | 13010 |
|  Income before income taxes | 16694 | 13867 | 9914 |
|  Income tax expense | 248 | 834 | 5022 |
|  Net Income | 16446 | 13033 | 4892 |
|  Other comprehensive income (loss), before tax: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net unrealized holding gains (losses) during the period | 6635 | 36 | 6088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reclassification adjustment for net realized losses included in net income | 536 | 1574 | 3815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in discount rate on the liability for future policy benefits | (1380) | 525 | (1401) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in credit risk on market risk benefits | 143 | 123 | 341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Provision) benefit for income taxes related to items of other comprehensive income (loss) | (1246) | (474) | (1857) |
|  Other comprehensive income (loss), net of tax | 4688 | 1784 | 6986 |
|  Comprehensive income | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21134 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14817 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11878 |

---

<sup>(1)</sup> Includes affiliated company transactions (Note 12)

*The accompanying notes are an integral part of the financial statements*

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**STATEMENTS OF STOCKHOLDER'S EQUITY** 

*(in thousands)*

*For the years ended December 31, 2025, 2024, and 2023*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Common<br>Stock** | **Additional<br>Paid-In<br>Capital** | **Accumulated<br>Other<br>Comprehensive<br>Income** | **Retained<br>Earnings** | **Total<br>Stockholder's<br>Equity** |
|  Balance at December 31, 2022 | $2000 | $13500 | $(13861) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157707 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159346 |
| Cumulative effect of adoption of accounting changes |  |  | (1030) | (1026) | (2056) |
| Balance at December 31, 2022 (Restated) | $2000 | $13500 | $(14891) | $156681 | $157290 |
| Comprehensive income: |  |  |  |  |  |
| Net Income |  |  |  | 4892 | 4892 |
| Other comprehensive income |  |  | 8046 |  | 8046 |
| Changes in discount rate on the liability for future policy benefits |  |  | (1401) |  | (1401) |
| Changes in credit risk on market risk benefits |  |  | 341 |  | 341 |
| Dividend paid to parent |  |  |  | (10000) | (10000) |
| Balance at December 31, 2023 (Restated) | $2000 | $13500 | $(7905) | $151573 | $159168 |
| Comprehensive income: |  |  |  |  |  |
| Net Income |  |  |  | 13033 | 13033 |
| Other comprehensive income |  |  | 1135 |  | 1135 |
| Changes in discount rate on the liability for future policy benefits |  |  | 525 |  | 525 |
| Changes in credit risk on market risk benefits |  |  | 123 |  | 123 |
| Dividend paid to parent |  |  |  | (9000) | (9000) |
| Balance at December 31, 2024 (Restated) | $2000 | $13500 | $(6122) | $155606 | $164984 |
| Comprehensive income: |  |  |  |  |  |
| Net Income |  |  |  | 16446 | 16446 |
| Other comprehensive income |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5925 |  | 5925 |
| Changes in discount rate on the liability for future policy benefits |  |  | (1380) |  | (1380) |
| Changes in credit risk on market risk benefits |  |  | 142 |  | 142 |
| Dividend paid to parent |  |  |  | (11000) | (11000) |
|  Balance at December 31, 2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13500 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1435) | $161052 | $175117 |

---

*The accompanying notes are an integral part of the financial statements*

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**STATEMENTS OF CASH FLOWS** 

*(in thousands)*

---

| | | | |
|:---|:---|:---|:---|
|  | **For the years ended December 31,** | **For the years ended December 31,** | **For the years ended December 31,** |
|  |  ***2025*** | ***2024 (As<br> Restated)*** | ***2023 (As<br> Restated)*** |
|  Cash flows provided by (used in) operating activities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net income | $16446 | $13033 | $4892 |
| Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Amortization and depreciation | 25 | 59 | 120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized investment losses | 536 | 1574 | 3815 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Benefit) provision for deferred taxes | (1974) | (877) | 1708 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deferred policy acquisition costs, net | 2137 | 1673 | 1962 |
|  Changes in assets and liabilities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued investment income | (259) | (59) | (150) |
| &nbsp;&nbsp;&nbsp;&nbsp; Market risk benefits, net | (960) | 645 | (5501) |
| &nbsp;&nbsp;&nbsp;&nbsp; Liability for future policy benefits, net | 7360 | 6752 | 4229 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reinsurance deposit and receivables | 2518 | 1963 | 5816 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Receivable) Payable to parent and affiliates, net | (1562) | (997) | 1131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Income taxes | 817 | (2894) | 1892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other assets and other liabilities, net | (5258) | (2829) | 4851 |
|  Net cash provided by operating activities | 19826 | 18043 | 24765 |
|  Cash flows (used for) provided by investing activities: |  |  |  |
|  Purchase of debt securities | (65447) | (53144) | (67857) |
|  Proceeds from sales of debt securities | 45600 | 54954 | 62275 |
|  Proceeds from maturities and calls of debt securities | 19668 | 9488 | 10683 |
|  Change in policy loans | (2) | (2) | 9 |
|  Net cash (used for) provided by investing activities | (181) | 11296 | 5110 |
|  Cash flows (used for) financing activities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Deposits credited to fixed and variable annuity contracts | 87268 | 100920 | 91980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net transfers from separate accounts | 200565 | 176769 | 179564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Withdrawals from variable annuity contracts | (298929) | (294664) | (285298) |
| &nbsp;&nbsp;&nbsp;&nbsp; Withdrawals from fixed annuity contracts | (2035) | (3720) | (3980) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend paid to parent | (11000) | (9000) | (10000) |
|  Net cash (used for) financing activities | (24131) | (29695) | (27734) |
|  Net (decrease) increase in cash and cash equivalents | (4486) | (356) | 2141 |
|  Cash and cash equivalents: |  |  |  |
|  Beginning of year | 14792 | 15148 | 13007 |
|  End of year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10306 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14792 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15148 |

---

*The accompanying notes are an integral part of the financial statements*

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>1. ORGANIZATION AND NATURE OF OPERATIONS:</u>** 

Empire Fidelity Investments Life Insurance Company (the "Company") is a wholly-owned subsidiary of Fidelity Investments Life Insurance Company ("FILI"), which is a wholly-owned subsidiary of FMR LLC. The Company operates exclusively in the State of New York.

The Company issues and services certain variable and fixed annuity contracts and variable universal life policies. Amounts invested in the fixed option of the annuity contracts are allocated to the general account of the Company. Amounts invested in the variable option of the annuity contracts and variable universal life policies are allocated to the Variable Annuity Account and Variable Life Account respectively which are separate accounts of the Company. The assets of the Variable Annuity Account and Variable Life Account are invested in certain portfolios of the Fidelity Variable Insurance Product Funds (Initial Class), the Fidelity Variable Insurance Product Funds (Investor Class), the Morgan Stanley Variable Insurance Funds, Inc., the Allspring Variable Trust Funds, the Lazard Retirement Series, Inc., Invesco Advisers Inc., the PIMCO Variable Insurance Trust Funds, the Franklin Templeton Variable Insurance Products Trust Funds and the Blackrock Variable Series Funds. Separate account assets are reported at the net asset value of such portfolios.

The Company services a term life insurance product with level premium paying periods from ten to twenty years.

**<u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:</u>** 

**Basis of Presentation** 

The accompanying financial statements of the Company have been prepared on the basis of accounting principles generally accepted in the United States of America ("GAAP").

The preparation of the financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the related amounts and disclosures in the financial statements. Actual results could differ from those estimates.

Effective January 1, 2025, the Company adopted Accounting Standard Update ("ASU") 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts ("LDTI") which provides new guidance for insurance companies that issue long-duration insurance and annuity contracts. The guidance makes several changes including amendments to the assumptions used to measure liabilities for future policy benefits, measurement of market-based risk benefits, amortization of deferred acquisition costs and requires additional disclosures including disaggregated rollforwards of significant insurance liabilities and other account balances as well as disclosures about significant inputs, judgments, assumptions and methods used in measurement.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):</u>** 

**Adoption of Long Duration Targeted Improvements** 

The Company adopted the LDTI guidance effective January 1, 2025 with a transition date of January 1, 2023. The Company elected the modified retrospective basis for the liability for future policy benefits, deferred acquisition costs and related balances where permitted, and market risk benefits applied a retrospective transition approach as required. As a result of applying the guidance, results for 2024 and 2023 have been restated under the LDTI guidance.

The Company recorded a cumulative effect adjustment of $1,026 as a decrease to retained earnings and a cumulative effect adjustment of $1,030 as a decrease to accumulated other comprehensive income ("AOCI") as of January 1, 2023, as shown below.

---

| | | |
|:---|:---|:---|
|  | **Retained<br> Earnings** | **Accumulated**<br> **Other<br> Comprehensive <br>Income (AOCI)** |
|  **Deferred Acquisition Costs** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustment for unrealized gains and other | $(1983) | $(2787) |
|  **Reinsurance Receivables** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustment under the modified retrospective approach | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5976 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Effect of remeasurement using current discount rate |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2426 |
|  **Liability for Future Policy Benefits** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustment under the modified retrospective approach | 348 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Effect of remeasurement using current discount rate |  | (63) |
|  **Market Risk Benefits** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustment under the retrospective approach | (5573) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustment for own credit risk |  | (880) |
|  **Other Assets** | (67) |  |
|  Sub-total | (1299) | (1304) |
|  Tax | (273) | (274) |
|  Total | $(1026) | $(1030) |

---

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):</u>** 

The following details the transition adjustment to reconcile the ending asset or liability balances as of December 31, 2022, to the opening balance as of January 1, 2023 which is the earliest period presented within the financial statements for those balances impacted by LDTI with the associated disaggregated disclosure requirements.

---

| | | | |
|:---|:---|:---|:---|
| **<u>Deferred Acquisition Costs</u>** | | | |
|  |<br> **Variable Annuities** |<br>**Term and Other** |<br>**Total** |
|  Balance as of December 31, 2022 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65980 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66293 |
|  Adjustment for unrealized gains and other | (4539) | (232) | (4771) |
|  Balance as of January 1, 2023 | $61441 | $81 | $61522 |

---

Upon the adoption of LDTI for deferred acquisition costs, an adjustment to the opening balance of AOCI was recorded related to the reversal of unrealized gains and losses on investments and an adjustment to the opening balance of retained earnings for legacy balances.

**<u>Reinsurance Receivables</u>** 

---

| | |
|:---|:---|
|  | **Total** |
|  Balance as of December 31, 2022 | $24691 |
|  Adjustment for modified retrospective approach | 199 |
|  Effect of remeasurement at the current discount rate | 2426 |
|  Adjustment for reinsured market risk benefits | 5777 |
|  Balance as of January 1, 2023 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33093 |

---

Reinsurance receivables are measured in a manner consistent with the underlying reinsured contracts. Reinsurance receivables was updated to reflect certain cash flow assumption updates as an adjustment to the opening balance of retained earnings upon adoption of LDTI. Remeasurement of the reinsurance receivable at the current upper-medium grade fixed-income instrument yield, which was generally lower than the locked-in interest accretion rate, was reflected as an adjustment to the opening balance of AOCI upon the adoption of LDTI. The valuation of reinsured market risk benefits was reflected as an adjustment to the opening balance of retained earnings.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):</u>** 

**<u>Liability for Future Policy Benefits</u>** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Payout Annuities** | **Term and Other** | **Total** |
|  Balance as of December 31, 2022 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39683 | $3959 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43642 |
|  Adjustment for modified retrospective approach | (7819) | (1046) | (8866) |
|  Reclassification from contract holder deposit funds | 32021 |  | 32021 |
| Effect of remeasurement at the current discount rate | 70 | (7) | 63 |
|  Balance as of January 1, 2023 | 63955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2905 | 66860 |
|  Reconciling Items: |  |  |  |
|  Deferred profit liability | 8517 |  | 8517 |
|  Balance as of January 1, 2023 | $72472 | $2905 | $75377 |

---

The impact of updating certain cash flow assumptions and measuring the liability for future policy benefits at the issue-year cohort level was reflected as an adjustment to the opening balance of retained earnings upon adoption of LDTI. The remeasurement of the liability at the current upper-medium grade fixed-income instrument yield, which was generally lower than the locked-in interest accretion rate, was reflected as an adjustment to the opening balance of AOCI upon the adoption of LDTI. In addition, the Company reclassified the fixed portion of certain life contingent income annuity products that was previously included in contract holder deposit funds to the Liability for future policy benefits upon adoption of LDTI.

**<u>Market Risk Benefits ("MRB")</u>** 

---

| | |
|:---|:---|
|  | **Variable Annuities** |
|  Balance as of December 31, 2022 | $— |
|  Adjustments for credit risk | 880 |
|  Adjustment for remeasurement as MRB | 5573 |
|  Balance as of January 1, 2023 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6453 |

---

The valuation of contracts as MRBs was reflected as an adjustment to the opening balance of retained earnings (exclusive of credit risk changes). The cumulative effect of changes in the Company's own credit risk between the original contract issue date and the transition date was recorded as an adjustment to AOCI.

The following tables presents amounts previously reported in 2024 and 2023, the effect on the amounts from adopting LDTI and the restated amounts for impacted line items reflected in the Financial Statements.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):</u>** 

**<u>Balance Sheet</u>**

---

| | | | |
|:---|:---|:---|:---|
|  | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** |
| (Impacted Lines Only) | **As Originally** <br>**Reported** | **Effect of<br>Adopting LDTI** | **As Restated** |
|  **Assets** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Deferred policy acquisition costs | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65543 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7655) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57888 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reinsurance deposit and receivables | 22031 | 2637 | 24668 |
| &nbsp;&nbsp;&nbsp;&nbsp; Market risk benefit asset |  | 3572 | 3572 |
| &nbsp;&nbsp;&nbsp;&nbsp; Income taxes receivable | 1032 | 32 | 1064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other assets | 2591 | (69) | 2522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Assets | $4326297 | $(1482) | $4324815 |
|  **Liabilities** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Liability for future policy benefits | $37499 | $27108 | $64607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract holder deposit funds | 72400 | (27728) | 44672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Market risk benefit liability |  | 4705 | 4705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deferred tax liability, net | 7240 | (1195) | 6045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities | 4156941 | 2890 | 4159831 |
|  **Stockholder's Equity** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accumulated other comprehensive (loss) income | (6222) | 100 | (6122) |
| &nbsp;&nbsp;&nbsp;&nbsp; Retained earnings | 160078 | (4472) | 155606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Stockholder's Equity | 169355 | (4372) | 164984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities and Stockholder's equity | $4326297 | $(1482) | $4324815 |

---

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):</u>** 

**<u>Statement of Comprehensive Income</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **For the years ended December 31,** | **For the years ended December 31,** | **For the years ended December 31,** | **For the years ended December 31,** | |
|  | **2024** | **2024** | **2024** | **2023** | **2023** | **2023** |
| (Impacted Lines Only) | **As<br> Originally <br>Reported** | **Effect of<br>Adopting<br>LDTI** | **As<br>Restated** | **As<br>Originally<br>Reported** | **Effect of<br>Adopting<br>LDTI** | **As<br>Restated** |
|  **Revenues** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest on reinsurance deposit | 1043 | (1043) |  | 1112 | (1112) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Premiums and other, net | 363 | 122 | 485 | 410 | 90 | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total revenues | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29424 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(921) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28503 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23945 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1021) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22924 |
|  **Benefits and Expenses** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Underwriting, acquisition and insurance expenses | $9113 | $2003 | $11116 | $7526 | $2725 | $10251 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract and policy benefits and expenses | 4214 | 2742 | 6956 | 4309 | 3105 | 7414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liability for future policy benefits remeasurement (gain) loss |  | (3617) | (3617) |  | (4360) | (4360) |
| &nbsp;&nbsp;&nbsp;&nbsp; Market risk benefit remeasurement (gain) loss |  | 181 | 181 |  | (295) | (295) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total benefits and expenses | 13327 | 1309 | 14636 | 11835 | 1175 | 13010 |
|  Income before income taxes | 16097 | (2230) | 13867 | 12111 | (2197) | 9914 |
|  Income tax expense | 1295 | (461) | 834 | 5542 | (520) | 5022 |
|  Net Income | $14802 | $(1769) | $13033 | $6569 | $(1677) | $4892 |
| Other comprehensive (loss) income, before tax: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized investment (losses) gains during the period | (396) | 432 | 36 | 4678 | 1410 | 6088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Changes in discount rate on the liability for future policy benefits |  | 525 | 525 |  | (1401) | (1401) |
| &nbsp;&nbsp;&nbsp;&nbsp; Changes in credit risk on market risk benefits |  | 123 | 123 |  | 341 | 341 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Provision) benefit for income taxes related to items of other comprehensive (loss) income | (248) | (226) | (474) | (1784) | (73) | (1857) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income (loss), net of tax | 930 | 854 | 1784 | 6709 | 277 | 6986 |
|  Comprehensive income (loss) | $15732 | $(915) | $14817 | $13278 | $(1400) | $11878 |

---

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):</u>** 

**<u>Statements of Cash Flows</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **For the years ended December 31,** | **For the years ended December 31,** | **For the years ended December 31,** | **For the years ended December 31,** | |
|  | **2024** | **2024** | **2024** | **2023** | **2023** | **2023** |
| (Impacted Lines Only) | **As<br> Originally <br>Reported** | **Effect of<br>Adopting<br>LDTI** | **As<br>Restated** | **As<br>Originally<br>Reported** | **Effect of<br>Adopting<br>LDTI** | **As<br>Restated** |
| Cash flows provided by (used for) operating activities: |  |  |  |  |  |  |
|  Net Income | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14802 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1769) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13033 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6569 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1677) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4892 |
| Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Provision (benefit) for deferred taxes | (416) | (461) | (877) | 2197 | (489) | 1708 |
|  Change in assets and liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Deferred policy acquisition costs, net of amortization | (330) | 2003 | 1673 | (765) | 2727 | 1962 |
| &nbsp;&nbsp;&nbsp;&nbsp; Market risk benefits remeasurement gain or loss, net |  | 645 | 645 |  | (5501) | (5501) |
| &nbsp;&nbsp;&nbsp;&nbsp; Liability for future policy benefits, net | 7244 | (492) | 6752 | 4303 | (74) | 4229 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reinsurance deposit and receivables | 1883 | 80 | 1963 | 776 | 5040 | 5816 |
| &nbsp;&nbsp;&nbsp;&nbsp; Income taxes | (2894) |  | (2894) | 1925 | (33) | 1892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other assets and other liabilities, net | (2823) | (6) | (2829) | 4845 | 7 | 4852 |
| Net cash provided by operating activities | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18043 | $— | $18043 | $24765 | $— | $24765 |

---

**Investments** 

Investments in debt securities are classified as available-for-sale and are reported at fair value. Fair values for debt securities are obtained from independent pricing sources. Unrealized gains or losses on securities are reported as a component of other comprehensive income, net of income taxes. The discount or premium on debt securities, excluding loan-backed bonds and structured securities, is amortized using the effective interest method. Such amortization is included in investment income. Prepayment assumptions for loan-backed bonds and structured securities are obtained from broker-dealer survey values. Amortization of loan-backed bonds and structured securities includes anticipated prepayments over the estimated economic life of the security. When actual prepayments differ significantly from anticipated prepayments, the effective yield is recalculated to reflect actual payments to date and anticipated future payments and any resulting adjustment is included in investment income.

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):</u>** 

**Investments (continued)** 

The Company evaluates available-for-sale investments that experience declines in fair value for impairment. Impairment related to credit losses on available-for-sale investments is recorded in the statements of comprehensive income with an offsetting allowance for credit losses, and the portion that is related to other factors is recorded as a component of AOCI. The Company considers many factors, including the extent to which the fair value is less than amortized cost and reasons for the decline in value (e.g., general credit spreads, the financial condition of the issuer, information from industry analyst reports and external credit ratings). If analysis of these factors results in a security needing to be impaired, the credit loss is measured as the extent amortized cost exceeds the present value of expected future cash flows. In addition to these factors, if the Company has the intent to sell an investment whose fair value is below amortized cost, or it is more likely than not that the Company will be required to sell an investment before recovery, the Company writes down the amortized cost to fair value and records an impairment loss in earnings.

Investment income is recognized on the accrual basis. Debt securities that are delinquent are placed on a non-accrual status, and thereafter interest income is recognized only when cash payments are received. Realized gains or losses on investments sold are determined by the specific identification method.

**Cash and Cash Equivalents** 

Company considers highly liquid instruments purchased with an original maturity date of three months or less to be cash equivalents. Cash and cash equivalents comprise amounts in demand deposit accounts and money market mutual funds, and are reported at cost which approximates fair value. Money market mutual funds used to hold cash prior to reinvestment and to meet operating cash requirements were $8,404 and $12,953 at December 31, 2025, and 2024, respectively. The Company reclassifies cash overdrafts to Other liabilities and accrued expenses. Cash overdrafts were $540 and $1,519 at December 31, 2025, and 2024, respectively.

**Separate Accounts** 

Separate account assets represent funds held for the exclusive benefit of variable annuity and variable life insurance contract holders and are reported at fair value based on the net asset value ("NAV") of the underlying mutual fund portfolios. Since the contract holders receive the full benefit and bear the full risk of the separate account investments, the income and realized and unrealized gains and losses from such investments are offset by an increase or decrease in the amount of liabilities related to the separate account.

**Revenue Recognition** 

Fees charged to contract holders include mortality and expense risk, administrative charges for variable annuity and life contract holders, and the cost of providing insurance protection for variable life contract holders. Fund administration fees represent administrative fees charged to investment managers. Fees charged to contract holders and fund administration fees are recognized ratably throughout the year as a percentage of the related separate account assets. Premiums for term life insurance products are recognized as revenue over the premium-paying period. Reinsurance expense allowances are recognized when earned.

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):</u>** 

**Liability for Future Policy Benefits** 

The liability for future policy benefits ("LFPB") represents the present value of expected future benefit payments to policyholders and related expenses less the present value of the net premiums for fixed income annuities with life contingency (limited-payment contracts or payout annuities) and term life insurance. Net premiums represent the net portion of gross premiums required to fund future benefit payments and are calculated using a net premium ratio. The reserves are computed using certain assumptions related to the discount rate and policyholder behavior including mortality and lapse which are based on the Company's experience, industry results, emerging trends and future expectations. For purposes of the liability measurement, contracts are grouped into cohorts based primarily on issue year and product type.

Cash flow assumptions are established at contract issuance and incorporated in the calculation of the cohort's net premium ratio. The net premium ratio and liability for future policy benefits are updated retrospectively for actual experience, whereas future cash flow assumptions are reviewed annually and updated if required or more frequently if actual experience suggests a revision is necessary. The Company locks in expense assumptions at issuance for each cohort.

The updated net premium ratio is used to compute a revised liability for future policy benefits at the beginning of the period, discounted using the same rate at contract issuance, and is then compared to the carrying amount of the liability as of that same date to determine the current period remeasurement gain or loss. The remeasurement gain or loss is recorded through current period earnings in "Liability for future policy benefits remeasurement gains and (losses)" in the Statements of Comprehensive Income.

If net premiums exceed gross premiums, the net premium ratio is capped at 100% by increasing the corresponding liability and recording a loss in the Statements of Comprehensive Income. In addition, the liability is never recorded at an amount less than zero for the cohort.

The discount rate is based on the assumed investment yield for contracts issued prior to January 1, 2023, unless there was a historical loss recognition that required premium deficiency reserves to be established with an updated discount rate. For contracts issued after January 1, 2023, the discount rate is based on the upper-medium grade fixed income instrument yield for which the Company used a corporate single A rate matched to the underlying duration of the insurance liability and has maximized the use of observable market data where available. The definition of upper medium grade is based on Moody's definition which includes the spectrum of A (i.e., A- to A+). The discount rate for each cohort is locked-in for the purposes of interest accretion expense. However, the liability is remeasured using the current single A rate at each reporting period with the effect on the liability resulting from the update recorded in "Changes in discount rate on the liability for future policy benefits" as a component of AOCI.

In addition, for limited-payment contracts, the liability for future policy benefits also includes a deferred profit liability ("DPL") representing gross premiums received in excess of net premiums. The DPL is recognized in the liability for future policy benefits and is amortized into income in relation to benefit payments for annuity contracts. When the premium ratio for the corresponding liability for future policy benefits liability is revised, the DPL is retrospectively recalculated from contract issuance to the current reporting period with the revised DPL at the beginning of the period recorded through "Liability for future policy benefits liability remeasurement gains and (losses)" in the Statements of Comprehensive Income.

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):</u>** 

**Market Risk Benefits** 

Market risk benefits ("MRB") represents contracts or contract features that provide protection to the contract holder and exposes the Company to other than nominal capital market risk. The Company provides death or withdrawal benefit guarantees contained in variable annuity contracts. These benefits are accounted for using a fair value measurement framework. Market risk benefits in an asset position are presented separately from those in a liability position as there is no legal right of offset between contracts. The fair value of market risk benefits is calculated as the present value of expected future benefit payments to contract holders less the present value of expected future fees attributable to the market risk benefits. The fair value of market risk benefits is based on assumptions a market participant would use in valuing market risk benefits. Changes in the fair value of market risk benefits are recorded in net income, in "Market risk benefit remeasurement gain or loss," in the Statements of Comprehensive Income except for the portion of the change attributable to changes in the Company's credit risk which is recorded in AOCI.

**Contract Holder Deposit Funds** 

Policyholder account balances consist of annuity deposits received from customers for the fixed portion of the variable deferred annuity product and for fixed income annuities with no life contingencies. Liabilities are established in amounts sufficient to meet the estimated future obligations of policies in force and represent accumulated account deposits plus interest credited, less contract holder withdrawals and other charges assessed against the account balance.

**Reinsurance Deposit and Receivables** 

The Company reinsures a substantial portion of its life insurance and annuity product risks with other companies. As a result, when the Company records liabilities that are subject to reinsurance, reinsurance deposits and receivables are recorded. The Company records reinsurance receivables in a manner consistent with the direct contract.

For limited-payment contracts and term life insurance, the Company applies a net premium ratio to measure the reinsurance receivables and groups cohorts consistent with the underlying reinsured contracts. The reinsurance receivable is remeasured using the current single A rate at each reporting period with the effect on the reinsurance receivable resulting from the update recorded in "Changes in discount rate on the liabilities for future policy benefits" as a component of AOCI. For reinsurance of limited-payment contracts, the Company establishes a cost of reinsurance asset related to the direct DPL which is recognized in "Reinsurance deposit and receivables" in the Consolidated Balance Sheets and is amortized into income using the same methodology and assumptions to amortize the direct DPL.

The Company reinsures certain guaranteed minimum death benefit and guaranteed minimum withdrawal benefit guarantees contained in variable annuity contracts which are MRBs. Reinsurance receivables for MRBs are recognized in a manner consistent with the underlying direct liabilities and measured at fair value which is recorded in net income in "Market risk benefits remeasurement gain or loss," in the Consolidated Statements of Comprehensive Income inclusive the portion of the change attributable to changes in the reinsurer's credit risk.

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):</u>** 

**Reinsurance Deposit and Receivables (continued)** 

The Company remains contingently liable for claims reinsured in the event the reinsurer is unable to meet its obligations. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company evaluates the financial condition of its reinsurers and monitors concentration of credit risk arising from similar activities or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. Certain reinsurance counterparty exposure is partially held in collateral accounts which offers the Company additional protection and reduces the risk of loss to the Company that could result from failure of a reinsurer. The Company is subject to concentration of risk with respect to these reinsurance agreements.

Reinsurance deposits and receivables are recorded net of the allowance for credit losses. The allowance for credit losses represents management's estimate of credit losses and considers the quality of the reinsurance counterparty using probability-of- default ("PD") / loss-given-default ("LGD") models. The PD estimate is determined based on similarly rated companies and the LGD estimate is based on management's estimate assigned to each reinsurer. The estimate represents the expected economic loss of a reinsurer's default. There are two primary factors which affect LGD, (i) the presence and amount of collateral backing the reinsurance counterparty credit, and (ii) whether the reinsurer is also a direct writer of insurance. Overall, the allowance for credit losses are affected by changes in the underlying reinsurance reserve credit which can fluctuate with market returns, policy persistency and policyholder mortality. The allowance for credit losses may vary due to (i) updates in assumed probabilities of default, (ii) the value of any collateral, (iii) changes in financial strength ratings of the reinsurance counterparty by various statistical rating agencies and (iv) other risk factors. Changes in the allowance for credit losses are recorded in the provision for credit losses in the Company's Statements of Comprehensive Income.

**Deferred Policy Acquisition Costs** 

Costs that vary with and are primarily associated with acquiring new and renewal business are deferred. The costs consist principally of first-year commissions paid to Fidelity Insurance Agency, Inc. in accordance with contractual agreements as described in Note 12 – Affiliated Company Transactions, and certain expenses for traditional life policy issuance and underwriting.

The Company amortizes deferred policy acquisition costs ("DAC") by grouping contracts into cohorts based on issue year and product type consistent with the groupings used in estimating the related liabilities for contracts and amortize on a constant-level basis over the expected lifetime of the policy. The Company uses a measure as a basis for amortization that will result in a constant level amortization pattern for the expected life of the contract. Life insurance contracts are amortized in proportion to the face amount in-force. Variable deferred and variable payout annuities are amortized in proportion to policy count. Fixed payout annuities are amortized in proportion to the benefit payments.

If actual contract terminations differ from expectations, the amortization pattern is adjusted on a prospective basis. The Company uses various assumptions, estimates and judgments about the future which could impact inforce. The primary assumptions are mortality, and contract cancellations (i.e., lapses, withdrawals, internal replacements and surrenders) which are consistent with those used in estimating the liability for future contract benefits. These assumptions are reviewed on a regular basis and are generally based on the Company's past experience, industry studies, and judgments about the future.

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):</u>** 

**Deferred Policy Acquisition Costs (continued)** 

An internal replacement of an insurance and investment contracts is a modification in product benefits, features, rights or coverages that occurs by the exchange of a contract for a new contract, or by amendment, endorsement, or rider to a contract, or by the election of a feature or coverage within a contract. Modifications that result in a permanent contract that is substantially changed from the replaced contract is accounted for as an extinguishment of the replaced contract. DAC, unearned revenue liabilities and deferred sales inducements from contracts materially changed or replaced are written-off in the period changed or replaced. Modifications that result in a contract that is substantially unchanged from the replaced contract are accounted for as a continuation of the replaced contract.

The Company defines an internal replacement as a modification in product benefits, features, rights or coverages that occurs by the exchange of a contract, by amendment, endorsement or rider to the contract. Contract modifications resulting in a replacement contract that is substantially changed from the replaced contract is accounted for as an extinguishment of the replaced contract and any unamortized deferred acquisition costs are written off. There were no changes to the Company's definition of internal replacements or changes in product benefits, features, rights or coverage during 2025, 2024, or 2023.

**Property and Equipment** 

Property, equipment, and computer software are stated at cost less accumulated depreciation or amortization. Depreciation or amortization is provided using the straight-line method over the estimated useful lives of the asset, generally three years.

**Income Taxes** 

The Company files a consolidated federal income tax return with FILI. Under a tax sharing agreement, each company is charged or credited its share of taxes as determined on a separate company basis. Tax benefits are credited with respect to taxable losses to the extent such losses are utilized by the consolidated group. Intercompany tax balances are settled within 30 days of the actual tax payment.

The asset and liability method is used in accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax basis of assets and liabilities and are measured using the current enacted tax rates.

The Company evaluates the recoverability of deferred tax assets and establishes a valuation allowance if necessary to reduce the deferred tax assets to an amount that is more likely than not expected to be realized. Considerable judgment is required in determining whether a valuation allowance is necessary, and if so, the amount of such valuation allowance. In evaluating the need for a valuation allowance, the Company considers available positive and negative evidence including nature and tax characteristic of taxable temporary differences and the timing of their reversal, projected future taxable income, tax planning strategies, and results of recent operations. Although realization is not assured, management believes it is more likely than not that the deferred tax assets, net of valuation allowances, will be realized. The Company adjusts the valuation allowance if there is a change in management's assessment of the amount of the deferred tax assets that are more likely than not to be realized.

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):</u>** 

**Income Taxes (continued)** 

The Company recognizes the benefit of uncertain tax positions only when the position is more-likely-than-not to be sustained upon review by taxing authorities.

**Adoption of Accounting Pronouncements** 

The FASB issued new guidance that improves income tax disclosures primarily related to a company's effective tax rate reconciliation and income taxes paid. The Company adopted the guidance effective January 1, 2025 on a prospective method. Adoption resulted in additional disclosures in the Notes to the Financial Statements.

**Reclassifications** 

Certain prior year balances have been reclassified to conform to the current year presentation.

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>3. LIABILITY FOR FUTURE POLICY BENEFITS:</u>** 

The balances and changes in the present value for expected future policy benefits for payout annuities were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Year ended December 31,** | **Year ended December 31,** | **Year ended December 31,** |
|  | **2025** | **2024** | **2023** |
|  Present value of expected future policy benefits |  |  |  |
|  Beginning balance | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54537 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60527 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64004 |
| &nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in discount rate assumptions | (350) | (1658) | (70) |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning balance at original discount rate | 54187 | 58869 | 63934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in cash flow assumptions | (775) | (160) | (157) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of actual experience to expected experience | (253) | 147 | 118 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjusted balance | 53159 | 58856 | 63895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuances | 3504 | 866 | 625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest accrual | 2528 | 2596 | 2730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefit payments | (7993) | (8131) | (8381) |
| &nbsp;&nbsp;&nbsp;&nbsp; Ending balance at original discount rate | 51198 | 54187 | 58869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Effect of changes in discount rate assumptions | 1905 | 350 | 1658 |
|  Ending balance | $53103 | $54537 | $60527 |
|  Net liability for future policy benefits | 53103 | 54537 | 60527 |
|  Less: Reinsurance recoverables | 16881 | 18021 | 19774 |
| Net liability for future policy benefits after reinsurance recoverable | $36222 | $36516 | $40753 |
|  Weighted-average liability duration (in years) | 5.13 | 5.38 | 5.76 |
|  Weighted-average interest accretion rate | 4.9% | 4.7% | 4.5% |
|  Weighted-average current discount rate | 4.9% | 5.3% | 4.9% |
|  | **For Years Ended December 31,** | **For Years Ended December 31,** | **For Years Ended December 31,** |
|  | **2025** | **2024** | **2023** |
|  Expected future benefit payments - undiscounted | $71184 | $76563 | $83732 |
|  Expected future gross premiums - undiscounted |  |  |  |
|  Expected future benefit payments - discounted (current) | 53103 | 54537 | 60527 |
|  Expected future gross premiums - discounted (current) |  |  |  |

---

The Company updated actuarial assumptions during 2025, 2024 and 2023 respectively. The impact of changes in cash flow assumptions and actual versus expected experience resulted in a $1,028 decrease, $13 decrease, and $38 decrease in the LFPB for 2025, 2024 and 2023, respectively due to favorable updates to mortality assumptions.

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>3. LIABILITY FOR FUTURE POLICY BENEFITS (CONTINUED):</u>** 

The amount of gross premiums or assessments and interest expense was as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Gross Premiums or Assessments**<br>**Year ended December 31,** | **Gross Premiums or Assessments**<br>**Year ended December 31,** | **Gross Premiums or Assessments**<br>**Year ended December 31,** | **Interest Expense**<br>**Year ended December 31,** | **Interest Expense**<br>**Year ended December 31,** | **Interest Expense**<br>**Year ended December 31,** |
|  | **2025** | **2024** | **2023** | **2025** | **2024** | **2023** |
|  Payout<br> Annuities | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3504 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2528 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2596 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2730 |

---

The following summarizes the liability for future policy benefits reported in the balance sheet:

---

| | | |
|:---|:---|:---|
|  | **December 31** | **December 31** |
|  | **2025** | **2024** |
|  Payout Annuities | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53103 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54537 |
|  Reconciling items: |  |  |
|  Deferred profit liability | 7540 | 7428 |
|  Life insurance and Other | 2361 | 2642 |
|  Liability for Future Policy Benefits | $63004 | $64607 |

---

**<u>4. CONTRACT HOLDER DEPOSIT FUNDS:</u>** 

Contract holder deposit funds include policyholder account balances related to contracts without significant insurance risk and investment contracts.

The balances and changes in contract holder deposit funds for variable deferred annuities were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Year ended December 31,** | **Year ended December 31,** | **Year ended December 31,** |
|  | **2025** | **2024** | **2023** |
|  Beginning balance | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44623 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52519 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60978 |
|  Policy charges | (3) | (4) | (4) |
|  Surrenders and withdrawals | (2669) | (5676) | (9414) |
|  Benefit payments | (605) | (1442) | (437) |
|  Net transfers from (to) separate account | (535) | (2458) | (564) |
|  Interest credited | 1269 | 1684 | 1960 |
|  Ending Balance | $42080 | $44623 | $52519 |
|  Weighted average crediting rate | 3.5% | 3.5% | 3.5% |
|  Net amount of risk | $11600 | $12427 | $13347 |
|  Cash surrender value | $42080 | $44623 | $52519 |

---

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>4. CONTRACT HOLDER DEPOSIT FUNDS (CONTINUED):</u>** 

The account balances by range of guaranteed minimum interest crediting rate ("GMIR") and the related range of difference between the rates credited to policyholders and the respective GMIR for variable deferred annuities were as follows.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>December 31, 2025</u>** | **<u>December 31, 2025</u>** | **<u>December 31, 2025</u>** | **<u>December 31, 2025</u>** | **<u>December 31, 2025</u>** | **<u>December 31, 2025</u>** |
| **Range of**<br> **guaranteed**<br> **minimum**<br> **crediting rate** | **At guaranteed<br>minimum** | **1 to 50 basis<br>points above** | **51 to 150 basis<br>points above** | **Greater than 150<br>basis points<br>above** | **Total** |
|  Less than 2% | $— | $— | $— | $— | $— |
|  2% to 4% | 42080 |  |  |  | 42080 |
|  Greater than 4% |  |  |  |  |  |
|  Total | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42080 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42080 |
| **<u>December 31, 2024</u>** | **<u>December 31, 2024</u>** | **<u>December 31, 2024</u>** | **<u>December 31, 2024</u>** | **<u>December 31, 2024</u>** | **<u>December 31, 2024</u>** |
| **Range of**<br> **guaranteed**<br> **minimum**<br> **crediting rate** | **At guaranteed<br>minimum** | **1 to 50 basis<br>points above** | **51 to 150 basis<br>points above** | **Greater than 150<br>basis points<br>above** | **Total** |
|  Less than 2% | $— | $— | $— | $— | $— |
|  2% to 4% | 44623 |  |  |  | 44623 |
|  Greater than 4% |  |  |  |  |  |
|  Total | $44623 | $— | $— | $— | $44623 |

---

The following tables summarize the amounts reported in the balance sheets:

---

| | | |
|:---|:---|:---|
|  | **December 31** | **December 31** |
|  | **2025** | **2024** |
|  Deferred annuities | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42080 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44623 |
|  Reconciling item: other | 45 | 49 |
|  Contract holder deposit funds | $42125 | $44672 |

---

**<u>5. MARKET RISK BENEFITS:</u>** 

The Company has certain variable annuity contracts with a guaranteed minimum death benefit ("GMDB") feature. The GMDB feature provides annuity contract holders with a default guarantee that the benefit received at death will be no less than a prescribed minimum amount. Upon death of the annuitant prior to age 85, the death benefit is the greater of the contract value and total premiums, adjusted for withdrawals. For an additional charge, the death benefit is the greater of the default guaranteed death benefit and the highest contract value as of any prior anniversary, prior to age 80, adjusted for any additional payments or withdrawals. The optional rider is no longer offered to new customers, effective January 1, 2003. If the GMDB is higher than the current account value at the time of death, the Company incurs a cost equal to the difference. The Company's current variable annuity contract does not offer a GMDB feature.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>5. MARKET RISK BENEFITS (CONTINUED):</u>** 

The Company issued a variable annuity contract with a guaranteed minimum withdrawal benefit ("GMWB") feature. The GMWB feature provides annuity contract holders with withdrawal payments that are guaranteed for life. The withdrawal feature allows for guaranteed withdrawals beginning with age 59<sup>1</sup>⁄<sub>2</sub> for the life of the contract holder based on a preset withdrawal percentage of the guaranteed withdrawal benefit ("GWB") value as defined in the contract. The contract holder is eligible to take the withdrawal benefit each year until there is no longer any living annuitant. The GWB value is initially set equal to the purchase payment and is ratcheted up to the contract value on each anniversary until the oldest annuitant's 85th birthday. The GWB value is reduced by (i) withdrawals if the youngest annuitant is under age 59<sup>1</sup>⁄<sub>2</sub> or (ii) withdrawals in excess of the GWB amount if the youngest annuitant has reached age 59<sup>1</sup>⁄<sub>2</sub>.

Contracts or contract features such as GMDB and GMWB that provide protection to the policyholder from and expose the Company to other-than-nominal capital market risk are classified as MRB. MRBs are classified as Level 3 fair value measurements as the fair value is based on unobservable inputs. The Company uses a non-option valuation model for calculating the fair value of the MRBs where key assumptions are market assumptions such as equity market returns, interest rate levels, market volatility, mortality and policyholder behavior assumptions such as lapse, rider utilization and withdrawal patterns. Risk margins are included in the mortality and policyholder behavior assumptions. The assumptions are based on a combination of historical data and actuarial judgment.

MRBs are valued using models that incorporate a spread reflecting the Company's own credit risk (i.e. non-performance risk). The assumption for the Company's own credit risk for MRBs is based on a standard index for credit default swaps ("CDX") as a basis for calculating the instrument specific credit risk which is an observable input as the Company has no debt in the market. The Company may adjust the CDX trends based on actuarial judgement and analysis, such as benchmarking to a group of peer companies' spreads to the CDX. Increases (decreases) in the Company's own credit risk, which impacts the rates used to discount future cash flows, could lead to favorable (unfavorable) changes in the fair value of the MRBs. The Company uses risk-neutral scenarios to project the change in value of the associated account value and the discount rate used in the discounted future cash flows valuation. Changes in various assumptions such as the amount of claims, market volatility, mortality rates, lapse rates or utilization rate assumptions could cause a favorable (unfavorable) change in the fair value of the MRBs.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>5. MARKET RISK BENEFITS (CONTINUED):</u>** 

The balances and changes in the net market risk benefit were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Year ended December 31,** | **Year ended December 31,** | **Year ended December 31,** |
|  | **2025** | **2024** | **2023** |
|  Beginning balance | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1133 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6453 |
|  Effect of changes in own credit risk | (416) | (539) | (880) |
|  Beginning balance before changes in own credit risk | 717 | 72 | 5573 |
|  Interest accrual | 58 | 21 | 356 |
|  Benefit payments | 987 | 1069 | 992 |
|  Effect of changes in interest rates and equity markets | (1836) | (128) | (6482) |
|  Effect of changes in other future expected assumptions | (169) | (318) | (367) |
|  Ending balance before changes in own credit risk | (243) | 717 | 72 |
|  Effect of changes in own credit risk | 274 | 416 | 539 |
|  Ending balance | 31 | 1133 | 611 |
|  Less reinsurance recoverable | 45 | 1034 | 570 |
|  Ending balance, net of reinsurance recoverable | $(15) | $99 | $41 |
|  Net amount at risk <sup>1</sup>  |  |  |  |
|  GMWB | 96948 | 143798 | 370083 |
|  GMDB |  | 2175 | 2435 |
|  Attained Age <sup>2</sup>  |  |  |  |
|  GMWB | 82 | 81 | 81 |
|  GMDB | 74 | 74 | 73 |

---

<sup>1</sup> For GMWB, defined as the GMWB Benefit Base less the Account Value, floored at 0

For GMDB, defined as the GMDB Benefit (ROP or Ratchet) less the Account Value, floored at 0 <sup></sup>

<sup>2</sup> Weighted average attained age of contract holders in years, weighted by account value

The following table summarizes the MRB amounts reported in the Balance Sheets as of December 31:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
|  | **Asset** | **Liability** | **Net Asset<br>(Liability)** | **Asset** | **Liability** | **Net Asset<br>(Liability)** |
|  Variable Annuities | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3740 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3771 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3572 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4705 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1133) |
|  Total | $3740 | $3771 | $(31) | $3572 | $4705 | $(1133) |

---

Market risk benefits are measured at fair value on a recurring basis and reflected in Level 3 as either an asset or liability. The key assumptions for calculating MRBs include market, discount rate and policyholder behavior. The assumptions are based on a combination of historical data and actuarial assumptions. Risk margins are included in mortality and policyholder behavior assumptions. In addition, MRBs reflect a spread to reflect the Company's own credit risk.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>5. MARKET RISK BENEFITS (CONTINUED):</u>** 

The fair value measurement of MRBs uses certain significant unobservable inputs as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **December 31,** | **December 31,** | **December 31,** | **December 31,** |
|  | **2025** | **2025** | **2024** | **2024** |
|  | **Range of Inputs** | **Weighted Average** | **Range of Inputs** | **Weighted Average** |
|  Equity market volatility <sup>(1)</sup>  | 13.4% - 33.7% | 22.3% | 11.6% - 37.8% | 22.1% |
|  Discount rate <sup>(2)</sup>  | (2.8%) - 17.6% | 5.9% | (2.3%) - 26.9% | 5.7% |
|  Own credit risk | 0.7% | 0.7% | 0.7% | 0.7% |
|  Lapse rate | 3.8% - 5.4% | 5.2% | 4.4% - 6.0% | 5.8% |
|  Mortality rate | .01% - 27.2% | 2.6% | .02% - 15.5% | 2.1% |

---

*<sup>(1)</sup> Equity market volatility represents the estimated annualized variability of equity returns based on risk-neutral scenarios. For each equity index, scenario-level average annualized volatilities are calculated over projection horizon across the full set risk-neutral scenarios. Index-level ranges reflect the minimum and maximum of these scenario-level averages, and index-level weighted averages represent the simple average across scenarios. The final disclosed ranges and weighted-average equity volatility are determined by aggregating the index-level results across equity indices, weighted by the associated account value exposure.*

*<sup>(2)</sup> Discount rate assumptions represent risk-free interest rates derived from risk-neutral scenarios. The range of inputs reflects the minimum and maximum of scenario-level average annual discount rates across the full set of risk-neutral scenarios over the projection horizon. The weighted-average discount rate represents the simple average of the scenario-level average annual rates.*

**<u>6. SEPARATE ACCOUNTS:</u>** 

The balances and changes in separate account liabilities for the years ended December 31, are as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **For the Year Ended December 31,** | **For the Year Ended December 31,** | **For the Year Ended December 31,** |
|  | **2025** | **2024** | **2023** |
|  Beginning balance | $4029675 | $3596055 | $3188070 |
|  Premiums and deposits | 90064 | 105249 | 91936 |
|  Policy charges | (12419) | (12130) | (10717) |
|  Surrenders and withdrawals | (256387) | (255625) | (245716) |
|  Benefit payments | (30609) | (26629) | (25410) |
|  Investment performance | 614751 | 621417 | 599189 |
|  Net transfer to (from) general account and other | (3950) | (1338) | (1297) |
|  Ending balance | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4431125 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4029675 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3596055 |
|  Cash surrender value | $4355742 | $3960108 | $3533113 |

---

There were no transfers of assets, other than cash, from the general account to a separate account; therefore, no gains or losses were recorded for the years ended December 31, 2025, 2024 and 2023.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>6. SEPARATE ACCOUNTS (CONTINUED):</u>** 

The Company has certain variable annuity products with guaranteed minimum death benefit or guaranteed minimum withdrawal benefit feature that is classified as MRB. The MRB is valued and presented separately from the related separate accounts balances. Refer to Note 5, Market Risk Benefits.

The following table summarizes the separate account amounts reported in the Balance Sheets:

---

| | | |
|:---|:---|:---|
|  | **As of December 31,** | **As of December 31,** |
|  | **2025** | **2024** |
|  Variable Annuities | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4431125 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4029675 |
|  Reconciling item: Variable Life | 1705 | 1473 |
|  Total | $4432830 | $4031148 |

---

The aggregate fair value of assets, by major investment asset category, supporting the variable annuities separate accounts is as follows:

---

| | | |
|:---|:---|:---|
|  | **As of December 31,** | **As of December 31,** |
|  | **2025** | **2024** |
|  Mutual Funds |  |  |
|  Equity | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3078636 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2786781 |
|  Fixed Income | 330265 | 308280 |
|  Asset Allocation | 737751 | 681799 |
|  Money Market | 284473 | 252815 |
|  Total | $4431125 | $4029675 |

---

**<u>7. DEFERRED ACQUISITION COSTS:</u>** 

The balances and changes in variable annuities DAC were as follows for the years ended December 31:

---

| | | | |
|:---|:---|:---|:---|
|  | **2025** | **2024** | **2023** |
|  Beginning balance | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57784 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59423 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61441 |
|  Capitalization | 2724 | 3134 | 2752 |
|  Amortization | (4825) | (4773) | (4770) |
|  Ending balance | $55683 | $57784 | $59423 |

---

The following table summarizes the DAC amounts reported in the balance sheet:

---

| | | |
|:---|:---|:---|
|  | **December 31,** | **December 31,** |
|  | **2025** | **2024** |
|  Variable Annuities | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55683 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57784 |
|  Reconciling items: |  |  |
|  Term and other | 68 | 104 |
|  Total | $55751 | $57888 |

---

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>8. INVESTMENTS:</u>** 

The components of net investment income were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** |
|  Debt securities | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7923 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7495 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6898 |
|  Cash and cash equivalents | 603 | 439 | 434 |
|  Other income | 3 | 2 | 2 |
|  Total investment income | 8529 | 7936 | 7334 |
|  Less: investment expenses | 745 | 342 | 665 |
|  Net investment income | $7784 | $7594 | $6669 |

---

Gross realized gains and losses from sales of debt securities were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** |
|  Debt securities: |  |  |  |
|  Gross realized gains | $395 | $370 | $123 |
|  Gross realized losses | (931) | (1944) | (3938) |
|  Total realized investment gains | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(536) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1574) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3815) |

---

There were no realized investment losses as a result of impairments in 2025, 2024 or 2023. There were no debt securities that were non-income producing for 2025, 2024 or 2023, respectively. There was no interest foregone by non-income producing securities for 2025, 2024, and 2023, respectively.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>8. INVESTMENTS (CONTINUED):</u>** 

Debt securities, without an allowance for credit losses, that have been in a continuous unrealized loss position as of December 31, 2025 were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 2025 | 2025 | 2025 | 2025 | 2025 | 2025 | 2025 | 2025 | 2025 |
|  | Less than twelve months | Less than twelve months | Less than twelve months | Twelve months or more | Twelve months or more | Twelve months or more | Total | Total | Total |
|  | Estimated<br>Fair Value | Gross<br>Unrealized<br>Losses | Number<br>of<br>Securities | Estimated<br>Fair Value | Gross<br>Unrealized<br>Losses | Number<br>of<br>Securities | Estimated<br>Fair Value | Gross<br>Unrealized<br>Losses | Number<br>of<br>Securities |
|  | (in thousands) | (in thousands) | (in thousands) | (in thousands) | (in thousands) | (in thousands) | (in thousands) | (in thousands) | (in thousands) |
| **Investment grade debt securities:** |  |  |  |  |  |  |  |  |  |
| U.S. Treasury and U.S. Government agency securities | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3469 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19) | 5 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6979 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(176) | 4 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10448 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(195) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
| States and political subdivisions |  |  |  | 1263 | (202) | 5 | 1263 | (202) | 5 |
| Corporate debt securities | 5258 | (142) | 26 | 62773 | (4007) | 243 | 68031 | (4149) | 269 |
| Mortgage and asset backed securities | 119 | (1) | 3 | 29 | (2) | 1 | 148 | (3) | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $8846 | $(162) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34 | $71044 | $(4387) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253 | $79890 | $(4549) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287 |
| **Below Investment grade debt securities:** |  |  |  |  |  |  |  |  |  |
| U.S. Treasury and U.S. Government agency securities | $— | $— | $— | $— | $— | $— | $— | $— | $— |
| States and political subdivisions |  |  |  |  |  |  |  |  |  |
| Corporate debt securities | 33 |  | 1 |  |  |  | 33 |  | 1 |
| Mortgage and asset backed securities |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $33 | $— | 1 | $— | $— |  | $33 | $— | 1 |

---

The Company believes that declines in the fair value of the securities above were not indicative of credit impairment as of December 31, 2025. The Company did not intend to sell these securities, and it was not more likely than not that the Company would be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. The securities are investment grade debt securities with average fair values of 94% of amortized cost at December 31, 2025.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>8. INVESTMENTS (CONTINUED):</u>** 

Debt securities that have been in a continuous unrealized loss position as of December 31, 2024, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2024 |
|  | Less than twelve months | Less than twelve months | Less than twelve months | Twelve months or more | Twelve months or more | Twelve months or more | Total | Total | Total |
|  | Estimated<br>Fair Value | Gross<br>Unrealized<br>Losses | Number<br>of<br>Securities | Estimated<br>Fair Value | Gross<br>Unrealized<br>Losses | Number<br>of<br>Securities | Estimated<br>Fair Value | Gross<br>Unrealized<br>Losses | Number<br>of<br>Securities |
|  | (in thousands) | (in thousands) | (in thousands) | (in thousands) | (in thousands) | (in thousands) | (in thousands) | (in thousands) | (in thousands) |
| **Investment grade debt securities:** |  |  |  |  |  |  |  |  |  |
| U.S. Treasury and U.S. Government agency securities | $31810 | $(817) | 20 | $5705 | $(470) | 5 | $37515 | $(1287) | $25 |
| States and political subdivisions |  |  |  | 1234 | (249) | 5 | 1234 | (249) | 5 |
| Corporate debt securities | 21765 | (283) | 66 | 86219 | (7797) | 336 | 107984 | (8080) | 402 |
| Mortgage and asset backed securities | 118 | (3) | 3 | 30 | (4) | 1 | 148 | (7) | 4 |
| Total | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53693 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1103) | 89 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93188 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8520) | 347 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146881 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9623) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436 |
| **Below Investment grade debt securities:** |  |  |  |  |  |  |  |  |  |
| U.S. Treasury and U.S. Government agency securities | $— | $— | $&nbsp;&nbsp;&nbsp;&nbsp;— | $— | $— | $— | $— | $— | $— |
| States and political subdivisions |  |  |  |  |  |  |  |  |  |
| Corporate debt securities |  |  |  |  |  |  |  |  |  |
| Mortgage and asset backed securities |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $— | $— |  | $— | $— |  | $— | $— |  |

---

The Company believes that declines in the fair value of the securities above were not indicative of credit impairment as of December 31, 2024. The Company did not intend to sell these securities, and it was not more likely than not that the Company would be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. The securities are investment grade debt securities with average fair values of 94% of amortized cost at December 31, 2024.

The allowance for credit losses was zero as of December 31, 2025 and 2024, respectively. There were no additions, write offs, and recoveries to the allowance for credit losses during 2025 and 2024.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>8. INVESTMENTS (CONTINUED):</u>** 

The amortized cost and fair value of debt securities by type of issuer as of December 31, 2025, were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **<u>December 31, 2025</u>** | **<u>December 31, 2025</u>** | **<u>December 31, 2025</u>** | **<u>December 31, 2025</u>** | **<u>December 31, 2025</u>** |
|  | **Amortized Cost** | **Gross<br> Unrealized <br>Gains** | **Gross<br> Unrealized <br>Losses** | **Gross**<br>**Unrealized<br> Losses - OTTI** | **Estimated Fair <br>Value** |
|  Debt securities: |  |  |  |  |  |
| U.S. Treasury and U.S. Government agency securities | $40032 | $406 | $(195) | $— | $40243 |
| States and political subdivisions | 1464 |  | (202) |  | 1262 |
| Corporate and other debt securities | 153855 | 2492 | (4149) |  | 152198 |
| Mortgage and asset backed securities | 286 | 3 | (3) |  | 286 |
|  **Total debt securities** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195637 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2901 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4549) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193989 |

---

The amortized cost and fair value of debt and equity securities by type of issuer as of December 31, 2024, were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **<u>December 31, 2024</u>** | **<u>December 31, 2024</u>** | **<u>December 31, 2024</u>** | **<u>December 31, 2024</u>** | **<u>December 31, 2024</u>** |
|  | **Amortized Cost** | **Gross<br> Unrealized <br>Gains** | **Gross<br> Unrealized <br>Losses** | **Gross**<br>**Unrealized<br> Losses - OTTI** | **Estimated Fair <br>Value** |
|  Debt securities: |  |  |  |  |  |
| U.S. Treasury and U.S. Government agency securities | $42744 | $28 | $(1287) | $— | $41485 |
| States and political subdivisions | 1483 |  | (249) |  | 1234 |
| Corporate and other debt securities | 151501 | 773 | (8080) |  | 144194 |
| Mortgage and asset backed securities | 292 | 2 | (7) |  | 287 |
|  **Total debt securities** | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196020 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9623) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187200 |

---

During 2025 and 2024, the Company recorded no impairments for the portion of noncredit related losses in other comprehensive income.

Proceeds from sales of available-for-sale investments (excluding proceeds from calls and maturities) were $45,600, $54,954 and $62,275 in 2025, 2024 and 2023, respectively.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>8. INVESTMENTS (CONTINUED):</u>** 

The amortized cost and fair value of debt securities at December 31, 2025, by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

---

| | | |
|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** |
|  | **Amortized Cost** | **Estimated Fair Value** |
|  Due in 1 year or less | $15589 | $15496 |
|  Due after 1 year through 5 years | 100003 | 100244 |
|  Due after 5 years through 10 years | 68107 | 67338 |
|  Due after 10 years | 11652 | 10625 |
| Mortgage and asset backed securities | 286 | 286 |
|  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195637 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193989 |

---

At December 31, 2025, and 2024, there were no contractual investment commitments. There were no significant concentrations of debt securities by issuer or by industry, other than U.S. Treasury securities and Financial & Banking securities.

At December 31, 2025, the amortized cost and fair value of securities on deposit with various state and governmental authorities was $384 and $386 respectively. At December 31, 2024, the amortized cost and fair value of securities on deposit with various state and governmental authorities was $400 and $395 respectively.

**<u>9. FAIR VALUE MEASUREMENTS:</u>** 

The Company categorizes the financial assets and liabilities carried at fair value in its balance sheets based upon a three-level valuation hierarchy. The Company carries the following financial instruments at fair value in the Company's financial statements: debt securities, cash equivalents such as money market funds, market risk benefits and separate account assets. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable valuation inputs (Level 3). If the inputs used to measure a financial asset or liability cross different levels of the hierarchy, categorization is based on the lowest level input that is significant to the fair value measurement.

Management's assessment of the significance of a particular input to the overall fair value measurement of a financial asset or liability requires judgment, and considers factors specific to the asset or liability. The three levels are described below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Financial assets and liabilities whose values are based on unadjusted quoted prices for identical
assets and liabilities in an active market.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Financial assets and liabilities whose values are based on quoted prices for similar assets and
liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Financial assets and liabilities whose values are based on prices or valuation techniques that
require inputs that are both unobservable in the market and significant to the overall fair value measurement. These inputs reflect management's judgment about the assumptions that a market participant would use in pricing the asset or
liability and are based on the best available information, some of which is internally developed.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>9. FAIR VALUE MEASUREMENTS (CONTINUED):</u>** 

The Company's available-for-sale debt securities generally use Level 2 inputs for the determination of fair value. These fair values are obtained primarily from industry-standard pricing methodologies based on market observable information. The fair value of U.S. Treasury debt securities is based on quoted prices in active markets that are readily and regularly obtainable and are reflected in Level 1. While the Company obtains values for the debt securities it holds from independent pricing services, it is ultimately management's responsibility to determine whether the value obtained and recorded to the financial statements are representative of fair value.

Cash equivalents are reported at fair value on a recurring basis and include money market instruments. Fair values of these cash equivalents may be determined using public quotations which are reflected in Level 1.

Market risk benefits are measured at fair value and reflected in Level 3 as either an asset or liability. The significant inputs to the fair value measurement is described in Note 5, Market Risk Benefits.

Separate account assets are invested in mutual funds whose value is based on the underlying net asset value of these funds. Open ended mutual funds in the Separate Account produce a daily NAV that is validated with a sufficient level of observable activity to support classification of the fair value measurement as Level 1.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>9. FAIR VALUE MEASUREMENTS (CONTINUED):</u>** 

The following fair value hierarchy table presents information about the Company's assets measured at fair value on a recurring basis as of:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  | **Quoted**<br>**Market Prices**<br>**in Active**<br>**Markets**<br>**(Level 1)** | **Pricing<br>Methods with<br>Significant<br>Observable<br>Market Inputs<br>(Level 2)** | **Pricing**<br>**Methods with<br>Significant<br>Unobservable<br>Market Inputs<br>(Level 3)** | **Total**<br>**Estimated**<br>**Fair Value** |
|  **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Available-for-sale debt securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury and U.S Government Agency securities | $40243 | $— |  | $40243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; States and political subdivisions |  | 1262 |  | 1262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate and other debt securities |  | 152198 |  | 152198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage and asset backed securities |  | 286 |  | 286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total available-for-sale debt securities | 40243 | 153746 |  | 193989 |
|  Cash equivalents | 8404 |  |  | 8404 |
|  Market risk benefit asset |  |  | 3740 | 3740 |
|  Separate account assets | 4432830 |  |  | 4432830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4481477 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153746 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3740 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4638963 |
|  **Liabilities:** |  |  |  |  |
|  Market risk benefit liability |  |  | 3771 | 3771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $— | $— | $3771 | $3771 |
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
|  | **Quoted**<br>**Market Prices**<br>**in Active**<br>**Markets**<br>**(Level 1)** | **Pricing<br>Methods with<br>Significant<br>Observable<br>Market Inputs<br>(Level 2)** | **Pricing**<br>**Methods with<br>Significant<br>Unobservable<br>Market Inputs<br>(Level 3)** | **Total**<br>**Estimated**<br>**Fair Value** |
|  **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Available-for-sale debt securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury and U.S Government Agency securities | $41485 | $— |  | $41485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; States and political subdivisions |  | 1234 |  | 1234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate and other debt securities |  | 144194 |  | 144194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage and asset backed securities |  | 287 |  | 287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total available-for-sale debt securities | 41485 | 145715 |  | 187200 |
|  Cash equivalents | 12953 |  |  | 12953 |
|  Market Risk Benefit Asset |  |  | 3572 | 3572 |
|  Separate account assets | 4031148 |  |  | 4031148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $4085586 | $145715 | $3572 | $4234873 |
|  **Liabilities:** |  |  |  |  |
|  Market risk benefit liability |  |  | 4705 | 4705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | $— | $— | $4705 | $4705 |

---

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>9. FAIR VALUE MEASUREMENTS (CONTINUED):</u>** 

There were no Level 3 assets held by the Company during 2025 or 2024. There were no transfers into or out of Level 3 during 2025 or 2024.

**Financial Instruments Not Carried at Fair Value** 

Certain financial instruments are not required to be measured at fair value in the financial statements but are disclosed if it is practicable to estimate such values.

The following include disclosures for other financial instruments not carried at fair value and not included in the above discussion:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>December 31, 2025</u>** | **<u>December 31, 2025</u>** | **<u>December 31, 2024</u>** | **<u>December 31, 2024</u>** |
|  | **Carrying<br>Amount** | **Estimated**<br>**Fair Value** | **Carrying<br>Amount** | **Estimated**<br>**Fair Value** |
|  Financial Assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Policy loans | 43 | 43 | 41 | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reinsurance deposit and receivables | 22392 | 22392 | 24668 | 24668 |
|  | $22435 | $22435 | $24709 | $24709 |
|  Financial Liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract holder deposit funds | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42125 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42125 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44672 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44672 |

---

The following methods and assumptions were used to estimate the fair value of each class of financial instruments:

**Policy Loans** 

Policy loans are carried at outstanding principal balances, not in excess of policy cash surrender value. These loans are an integral part of the insurance products and have no maturity dates. Consequently, the outstanding principal balance is considered to be a reasonable estimate of the fair value of policy loans.

**Contract Holder Deposit Funds** 

The fixed portion of variable deferred annuity products is carried at account value and can be withdrawn without prior notice pursuant to the terms of the annuity contract. The fixed portion of variable deferred annuity products is an integral part of the contract, and consequently the account value is considered to be a reasonable estimate of the fair value of the contract.

------

##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>10. INCOME TAXES:</u>** 

The components of the provision for income taxes attributable to operations were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** |
|  Current: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal | $2203 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1693 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3305 |
| &nbsp;&nbsp;&nbsp;&nbsp; State | 19 | 18 | 9 |
|  | $2222 | $1711 | $3314 |
|  Deferred: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal | $(1974) | $(877) | $1708 |
| &nbsp;&nbsp;&nbsp;&nbsp; State |  |  |  |
|  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1974) | $(877) | $1708 |
|  Income tax expense | $248 | $834 | $5022 |

---

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Life insurance corporations in New York remain subject to a franchise tax. However, for tax years beginning on or after January 1, 2003, in no event may the franchise tax on life insurance corporations, computed prior to the application of tax credits, be less than 1.5% of premiums or more than 2.0% of premiums. Accordingly, state deferred taxes are no longer recorded for the Company as it believes that the reversal of temporary differences will have no impact on the state income tax that it will pay in the future.

Significant components of the Company's net deferred tax liability were as follows:

---

| | | |
|:---|:---|:---|
|  | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025**  | **2024**  |
|  Deferred income tax assets (liabilities): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Deferred policy acquisition costs | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8625) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9110) |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized losses on available-for-sale securities | 346 | 1852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract holder reserves | 3271 | 2938 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract holder reserves - TCJA Transition Adjustment |  | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deferred revenue | 35 | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital loss carryforward | 786 | 678 |
|  Other, net | 1 | (2) |
| Net deferred tax liability before valuation allowance | (4186) | (3515) |
|  Valuation allowance | (1131) | (2530) |
|  Net deferred tax liability after valuation allowance | $(5317) | $(6045) |

---

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>10. INCOME TAXES (CONTINUED):</u>** 

The Company recorded a deferred tax asset of $1,131 and $2,530 related to net unrealized losses on available-for-sale securities and capital loss carryforwards as of December 31, 2025 and 2024, respectively. The capital loss carryforwards can be used to offset taxable capital gains income in the future but will expire if they are not used within certain prescribed periods. The Company concluded that it was more likely than not that it will not have sufficient taxable capital gains income in the future to realize the net unrealized losses on available-for-sale securities and capital loss carryforwards. Accordingly, the Company recorded a valuation allowance of $1,131 and $2,530 as of December 31, 2025 and 2024, respectively.

A reconciliation of the tax provision at the U.S. Federal statutory rate to the provision for income taxes is as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** |
| Tax provision at U.S. Federal statutory rate | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3506 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2932 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2082 |
| Provision to Return | (87) | (742) | 735 |
| Dividends received deduction | (1555) | (1352) | (302) |
| (Decrease) increase valuation allowance | (1398) | (21) | 2551 |
|  Other, net | (218) | 17 | (44) |
|  Income Tax expense | $248 | $834 | $5022 |

---

The Company paid FILI federal income taxes of $1,640, $4,606, and $1,420 in 2025, 2024, and 2023 respectively, related to the Company's separate-company basis. The Company paid state income taxes of $0 in 2025, 2024 and 2023 respectively.

The Company recognizes uncertain tax provisions that have a greater than 50% likelihood of being sustained upon examination by the taxing authorities. As a result, the Company applies a more-likely-than-not recognition threshold for all tax uncertainties. The Company's management believes that adequate provision has been made in the financial statements for any potential tax uncertainties.

The Inflation Reduction Act of 2022 ("IRA") was enacted by the U.S. Government on August 16, 2022 and includes a new corporate alternative minimum tax ("CAMT") effective January 1, 2023. The CAMT applies to corporations based on their affiliated group basis and requires computing the U.S. federal income tax liability under the regular corporate tax system and the CAMT. The Company did not have any CAMT liability as of December 31, 2025.

Currently, the Company only files income tax returns in the United States. The Company is not currently under examinations and is no longer subject to U.S. federal or state tax examinations for years before 2022. The Company is not currently under examination for the income tax filings in any other jurisdictions. The Company believes that its income tax filing positions and deductions will be sustained on audit and does not anticipate any adjustment that will result in a material adverse effect on the Company's financial condition, results of operations, or cash flows. Therefore, no reserves for uncertain tax positions have been recorded. The Company does not anticipate any significant changes to its total unrecognized tax benefits within the next 12 months.

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>11. STOCKHOLDER'S EQUITY AND DIVIDEND RESTRICTIONS:</u>** 

Generally, the net assets of the Company available for payment as dividends to FILI are limited to the excess of the Company's net assets, as determined in accordance with statutory accounting practices, over minimum statutory capital requirements; however, payments of such amounts as dividends may be subject to approval by regulatory authorities. Under New York State Insurance Laws, dividends to shareholders are limited to the lesser of the Company's net gain from operations for the year ended on the preceding December 31, or 10% of the Company's surplus held for policyholders as of the preceding December 31. The Company paid a dividend of $11,000, $9,000 and $10,000 to FILI during 2025, 2024 and 2023 respectively.

The Company prepares its statutory financial statements in accordance with accounting practices prescribed or permitted by the New York State Insurance Department which vary with GAAP in certain respects. Prescribed statutory accounting practices include publications of the National Association of Insurance Commissioners, as well as state laws, regulations and general administrative rules. The principal differences with GAAP are that statutory financial statements do not reflect DAC, recognition of deferred income tax assets are limited, bonds are generally carried at amortized cost, insurance liabilities are presented net of reinsurance assets, and future policy benefit liabilities are estimated using different actuarial assumptions. The Company does not rely on the use of any permitted statutory accounting practices.

Net income and capital and surplus as determined in accordance with statutory accounting practices were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **(Unaudited)** | **(Audited)** | **(Audited)** |
|  | **2025** | **2024** | **2023** |
|  Statutory net income | $18600 | $14547 | $9151 |
|  Statutory surplus | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121450 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113866 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108769 |

---

**<u>12. AFFILIATED COMPANY TRANSACTIONS:</u>** 

The Company has a services agreement with Fidelity Investments Institutional Operations Company LLC and Fidelity Distributors Company LLC, both wholly-owned subsidiaries of FMR LLC, under which the Company provides certain shareholder account services (recordkeeping and customer reporting, customer support, and preparing/distributing marketing materials) with respect to Investor Class shares of the Fidelity Variable Insurance Product Funds. The Company earned fees of $9,977, $9,375 and $8,214 in 2025, 2024 and 2023, respectively, under these agreements. These fees are included in Fund administration fees in the Statements of Comprehensive Income.

The Company's insurance contracts are distributed through Fidelity Brokerage Services LLC, Fidelity Insurance Agency, Inc. ("FIA"), and Fidelity Distributors Company LLC, all of which are wholly-owned subsidiaries of FMR LLC. The Company pays FIA sales compensation for variable deferred, immediate annuity contracts and term life insurance in accordance with the terms of the agreement. The Company incurred expenses in the amount of $2,701, $3,145, and $2,759 to FIA in 2025, 2024 and 2023, respectively.

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>12. AFFILIATED COMPANY TRANSACTIONS (CONTINUED):</u>** 

The Company has administrative services agreements with FILI and FMR LLC and its subsidiaries whereby certain administrative and other services are provided to the Company. The Company incurred expenses of $5,490, $5,693, and $5,160 with FILI and $398, $214 and $262 with FMR LLC and its subsidiaries in 2025, 2024 and 2023 respectively. Intercompany balances are settled in accordance with the terms of the respective agreements.

The Company has an agreement with FIAM LLC whereby investment and managerial advice is provided to the Company. The Company incurred expenses of $271, $293, and $303 in 2025, 2024 and 2023, respectively for such services.

FMR LLC sponsors a Profit-Sharing Plan covering substantially all eligible company employees. Payments are made to the trustee by FMR LLC annually for the Profit-Sharing Plan. FMR LLC's policy is to fund all costs accrued and to charge each subsidiary for its share of the cost. The costs charged to the Company were $135, $336, and $202 in 2025, 2024 and 2023, respectively.

The Company participates in various share-based compensatory plans sponsored by FMR LLC and is allocated a compensation charge from FMR LLC that is amortized over the period in which it is earned. These share-based compensation arrangements generally provide holders with participation in changes in FMR LLC's Net Asset Value per share (as defined) over their respective terms. All plans are settled in cash or promissory notes at the end of their defined term or when plan participants are no longer employees. The aggregate expenses related to these plans charged to the Company were $347, $511, and $734 in 2025, 2024 and 2023, respectively.

**<u>13. UNDERWRITING, ACQUISITION AND INSURANCE EXPENSES:</u>** 

Underwriting, acquisition and insurance expenses were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** |
| Underwriting, acquisition and insurance expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commissions, gross | $2701 | $3145 | $2759 |
| &nbsp;&nbsp;&nbsp;&nbsp; Compensation and benefits | 4059 | 3726 | 3358 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deferred policy acquisition costs, net | 2204 | 1672 | 1961 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rent expenses | 134 | 167 | 145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxes, licenses and fees | 179 | 289 | 175 |
| &nbsp;&nbsp;&nbsp;&nbsp; General insurance expenses | 1984 | 2117 | 1853 |
| Total underwriting, acquisition and insurance expenses | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11261 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11116 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10251 |

---

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>14. REINSURANCE:</u>** 

The Company retains a maximum coverage per individual life of $25 plus 30% of the excess over $25 with a maximum initial retention not to exceed $100 for its life insurance business issued before March 1, 2008. The Company retains a flat $100 per individual life for its life business issued on and after March 1, 2008. The Company reinsures certain guarantee provisions and mortality on its annuity contracts and portions of annuity income that are fixed.

The Company reinsures substantially all of its GMDB provisions for business issued prior to July 1, 2001. The Company reinsures 100% of its GMWB provisions issued prior to January 1, 2009, and 90% for business issued in the first quarter of 2009. The GMWB product and associated reinsurance contract were discontinued for new business effective March 31, 2009.

The Company has entered into a coinsurance agreement for substantially all of the fixed portion of the variable income annuity product and the fixed income annuities which arise through the annuitization of deferred annuity products if annuitization is prior to June 1, 2009. The Company retains 100% of the risk for annuitizations of deferred annuity products where annuitization occurs on or after June 1, 2009. Sales of the variable income annuity product with a fixed payment option were discontinued in May 2008. The Company is subject to concentration of risk with respect to this reinsurance agreement. The reinsurance receivable is accounted for as a deposit asset and is recorded in reinsurance deposit and receivables on the balance sheets. Under this reinsurance agreement, the Company receives a front end ceding expense allowance ranging from 2.5% to 3.5% of premiums and an annual allowance of a percentage of assets ranging from 0.30% to 0.60%.

Revenue from the reinsurance agreement and benefit expense from the underlying annuity contracts are recognized over the lives of the underlying contracts.

Financial information related to the coinsurance agreement for the fixed portion of the variable income annuity and the fixed income annuities which arise through the annuitization of deferred annuity products if annuitization is prior to June 1, 2009 is as follows:

---

| | | |
|:---|:---|:---|
|  | **Years Ended December 31,**  | **Years Ended December 31,**  |
|  | **2025** | **2024** |
|  Reinsurance deposit and receivables: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Principal Life Insurance Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21412 |
|  Future contract and policy benefits | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21412 |
|  Reinsurance expense allowance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1016 |
|  Contract and policy benefits and expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1561 |

---

The Company's deposit assets under the reinsurance agreement with Principal Life Insurance Company is partially secured by investments held in a collateral account which offers the Company additional protection and reduces the risk of loss to the Company that could result from failure of this reinsurer.

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##### [**Table of Contents**](#toc)
**EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY** 

**(A Wholly-Owned Ultimate Subsidiary of FMR LLC)** 

**NOTES TO FINANCIAL STATEMENTS** 

**(Dollars in thousands)** 

**<u>14. REINSURANCE (CONTINUED):</u>** 

The Company evaluates the financial condition of its reinsurers and monitors concentration of credit risk arising from similar activities or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. Any expected credit losses are reflected in the allowance for credit losses, after considering any collateral. The Company did not record an allowance for credit loss on reinsurance deposits and receivables as of December 31, 2025.

Additional information on direct business written and reinsurance ceded for the years ended December 31, was as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Years Ended December 31,**  | **Years Ended December 31,**  | **Years Ended December 31,**  |
|  | **2025** | **2024** | **2023** |
|  Direct life premiums | $572 | $730 | $745 |
| Reinsurance ceded, net of ceding expense allowance | (302) | (245) | (245) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net premiums | $270 | $485 | $500 |
|  Direct contract and policy benefits | $6535 | $2775 | $3682 |
|  Reinsurance ceded benefits incurred | (5062) | (602) | (1705) |
|  Reinsurance costs | 1019 | 1166 | 1077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net contract and policy benefits | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2492 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3339 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3054 |
|  Direct change in market risk benefits | $(959) | $645 | $(5502) |
|  Reinsurance ceded | 988 | (464) | 5207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net change in market risk benefits | $29 | $181 | $(295) |

---

**<u>15. COMMITMENTS AND CONTINGENCIES:</u>** 

The Company is, from time to time, involved in various legal actions concerning policy benefits and certain other matters. Those actions are considered by the Company in estimating policy reserves and other liabilities. The Company believes that the resolution of those actions should not have a material adverse effect on stockholder's equity or net income.

**Regulatory Matters** 

Under existing guaranty fund laws in all states, insurers licensed to do business in those states can be assessed for certain obligations of insolvent insurance companies to policyholders and claimants. The actual amount of such assessments will depend upon the final outcome of rehabilitation proceedings and will be paid over several years.

**<u>16. SUBSEQUENT EVENTS:</u>** 

The Company has evaluated subsequent events from the balance sheet date through April 30, 2026 and did not identify any other events that would require adjustments to, or disclosure in, the financial statements.

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##### [**Table of Contents**](#toc)
**PART C** 

**OTHER INFORMATION** 

**Item 27. <u>Exhibits</u>** 

(a) *Board of Directors Resolution* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) [Resolution of Board of Directors of Empire Fidelity Investments Life Insurance Company ("Empire Fidelity Investments Life") establishing the Empire Fidelity Investments Variable Annuity Account A. Incorporated by reference from Post-Effective Amendment No. 5 to Registration Statement filed on Form N-4 on April 25, 1997, Reg. No. 33-42376, on behalf of Empire Fidelity Investments Variable Annuity Account A.](http://www.sec.gov/Archives/edgar/data/878467/0000878467-97-000003.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) [Board of Directors Resolution incorporated by reference from Post-Effective Amendment No. 34 to Registration Statement on Form N-4, Reg. No. 33-54924 on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 29, 2022.](http://www.sec.gov/Archives/edgar/data/878467/000119312522133277/d316036dex99q.htm)

(b) *Custodian Agreements* - Not Applicable

(c) *Underwriting Contracts* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) [Distribution Agreement between Empire Fidelity Investments Life and Fidelity Brokerage Services LLC. Incorporated by reference from Post-Effective Amendment No. 5 to Registration Statement filed on Form N-4 on April 25, 1997, Reg. No. 33-42376, on behalf of Empire Fidelity Investments Variable Annuity Account A.](http://www.sec.gov/Archives/edgar/data/878467/0000878467-97-000003.txt)

(d) *Contracts* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) [Specimen Variable Annuity Contract Incorporated by reference from Post-Effective Amendment No. 4 to Registration Statement filed on Form N-4 on April 25, 1997, Reg. No. 33-54924, on behalf of Empire Fidelity Investments Variable Annuity Account A.](http://www.sec.gov/Archives/edgar/data/878467/0000878467-97-000004.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) [Endorsement for Qualified Contracts Incorporated by reference from Post-Effective Amendment No. 5 to Registration Statement filed on Form N-4 on April 25, 1997, Reg. No. 33-42376, on behalf of Empire Fidelity Investments Variable Annuity Account A.](http://www.sec.gov/Archives/edgar/data/878467/0000878467-97-000003.txt)

(e) *Applications* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) [Application for Variable Annuity Contract Incorporated by reference from Post-Effective Amendment No. 4 to Registration Statement filed on Form N-4 on April 25, 1997, Reg. No. 33-54924, on behalf of Empire Fidelity Investments Variable Annuity Account A.](http://www.sec.gov/Archives/edgar/data/878467/0000878467-97-000004.txt)

(f) *Insurance Company's Certification of Incorporation and By-Laws* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) [Charter of Empire Fidelity Investments Life Incorporated by reference from Post-Effective Amendment No. 5 to Registration Statement filed on Form N-4 on April 25, 1997, Reg. No. 33-42376, on behalf of Empire Fidelity Investments Variable Annuity Account A.](http://www.sec.gov/Archives/edgar/data/878467/0000878467-97-000003.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) [Amended By-laws of Empire Fidelity Investments Life Incorporated by reference from Post-Effective No. 5 to Registration Statement filed on Form N-4 on April 25, 1997, Reg. No. 33-42376, on behalf of Empire Fidelity Investments Variable Annuity Account A.](http://www.sec.gov/Archives/edgar/data/878467/0000878467-97-000003.txt)

(g) *Reinsurance Contracts* - Not Applicable

(h) *Participation Agreements* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) [Participation Agreement between Empire Fidelity Investments Life and Strong Variable Insurance Funds, Inc. on behalf of the Portfolios, and Strong Opportunity Fund II, Inc., Strong Capital Management, Inc. (the "Adviser"), Incorporated by reference from Post-Effective Amendment No. 6 to Registration Statement No. 33-42376, filed on August 29, 1997, on behalf of Empire Fidelity Investments Variable Annuity Account A.](http://www.sec.gov/Archives/edgar/data/878467/0000927384-97-000017.txt)

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##### [**Table of Contents**](#toc)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) [Participation Agreement between Empire Fidelity Investments Life and PBHG INSURANCE SERIES FUND, INC. ("FUND"), and PILGRIM BAXTER & ASSOCIATES, LTD. ("ADVISER"). Incorporated by reference from Post-Effective Amendment No. 6 to Registration Statement No. 33-42376, filed on August 29, 1997, on behalf of Empire Fidelity Investments Variable Annuity Account A.](http://www.sec.gov/Archives/edgar/data/878467/0000927384-97-000017.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) [Participation Agreement between Empire Fidelity Investments Life and MORGAN STANLEY VARIABLE INSURANCE FUND INC. (the "Fund"), and MORGAN STANLEY INVESTMENT MANAGEMENT INC. (the "Adviser"). Incorporated by reference from Post-Effective Amendment No. 6 to Registration Statement No. 33-42376, filed on August 29, 1997, on behalf of Empire Fidelity Investments Variable Annuity Account A.](http://www.sec.gov/Archives/edgar/data/878467/0000927384-97-000017.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) [Participation Agreement between Empire Fidelity Investments Life and Warburg, Pincus Trust, (the "Fund"); Warburg, Pincus Counsellors, Inc. (the "Adviser"); and Counsellors Securities Inc. Incorporated by reference from Post-Effective Amendment No. 6 to Registration Statement No. 33-42376, filed on August 29, 1997, on behalf of Empire Fidelity Investments Variable Annuity Account A.](http://www.sec.gov/Archives/edgar/data/878467/0000927384-97-000017.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) [Participation Agreement between Empire Fidelity Investments Life Insurance Company and LAZARD ASSET MANAGEMENT SECURITIES LLC ("Adviser") and LAZARD RETIREMENT SERIES, INC. ("Fund"). Incorporated by reference from Post-Effective Amendment No. 19 to Registration Statement on Form N-4, Reg. No. 33-42376, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed on April 27, 2006.](http://www.sec.gov/Archives/edgar/data/878467/000082105106000008/lazardagree.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) [Participation Agreement between Empire Fidelity Investments Life Insurance Company and PIMCO Variable Insurance Trust (the "Fund"), a Delaware statutory trust, and Allianz Global Investors Distributors LLC (the "Underwriter"), a Delaware limited liability company. Incorporated by reference from Post-Effective Amendment No. 5 to Registration Statement on Form N-4, Reg. No. 333-127346, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on September 21, 2009.](http://www.sec.gov/Archives/edgar/data/878467/000087846709000043/ex14.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) [Participation Agreement between Empire Fidelity Investments Life Insurance Company and Fidelity Distributors Corporation and each of Variable Insurance Products Fund, Variable Insurance Products Fund II, Variable Insurance Products Fund III, Variable Insurance Products Fund IV, and Variable Insurance Products Fund V incorporated by reference from Post-Effective Amendment No. 34 to Registration Statement on Form N-4, Reg. No. 33-54924, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 29, 2022.](http://www.sec.gov/Archives/edgar/data/878467/000119312522133277/d316036dex99h7.htm)

(i) *Administrative Contracts* - Not Applicable

(i) *Other Material Contracts* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) [Service Agreement between Empire Fidelity Investments Life and Fidelity Investments Life. Incorporated by reference from Post-Effective Amendment No. 5 to Registration Statement filed on Form N-4 on April 25, 1997, Reg. No. 33-42376, on behalf of Empire Fidelity Investments Variable Annuity Account A.](http://www.sec.gov/Archives/edgar/data/878467/0000878467-97-000003.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) [Service Agreement between Empire Fidelity Investments Life and Fidelity Investments Corp rate Services. Incorporated by reference from Post-Effective Amendment No. 5 to Registration Statement filed on Form N-4 on April 25, 1997, Reg. No. 33-42376, on behalf of Empire Fidelity Investments Variable Annuity Account A.](http://www.sec.gov/Archives/edgar/data/878467/0000878467-97-000003.txt)

(k) *Legal Opinion* 

[Legal opinion and consent of Lance A. Warrick filed herein as Exhibit (k)](d103432dex99k.htm)

(l) *Other Opinions* 

[Written consent of PricewaterhouseCoopers LLP filed herein as Exhibit (l)](d103432dex99l.htm)

(m) *Omitted Financial Statements* - Not Applicable

(n) *Initial Capital Agreements* - Not Applicable

(o) *Form of Initial Summary Prospectuses* - Not Applicable

(p) *Power of Attorney* 

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##### [**Table of Contents**](#toc)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) [Power of Attorney for **William J. Johnson, Jr.** incorporated by reference from Post-Effective Amendment No. 28 to Registration Statement on Form N-4, Reg. No. 33-54924, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 29, 2016.](http://www.sec.gov/Archives/edgar/data/878467/000110465916115686/a16-7518_1485bpos.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) [Power of Attorney for **Miles Mei** incorporated by reference from Post-Effective Amendment No. 28 to Registration Statement on Form N-4, Reg. No. 33-54924, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 29, 2016.](http://www.sec.gov/Archives/edgar/data/878467/000110465916115686/a16-7518_1485bpos.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) [Power of Attorney for **Nancy D. Prior** incorporated by reference from Post-Effective Amendment No. 30 to Registration Statement on Form N-4, Reg. No. 33-54924, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 27, 2018.](http://www.sec.gov/Archives/edgar/data/878467/000110465918027417/a18-5897_1ex99d15l.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) [Power of Attorney for **David J. Vargo** incorporated by reference from Post-Effective Amendment No. 32 to Registration Statement on Form N-4, Reg. No. 33-54924, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 30, 2020.](http://www.sec.gov/Archives/edgar/data/878467/000110465920054107/a20-3593_1ex99d15i.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) [Power of Attorney for **Kathryn A. Dunn** incorporated by reference from Post-Effective Amendment No. 35 to Registration Statement on Form N-4, Reg. No. 33-54924, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 28, 2023.](http://www.sec.gov/Archives/edgar/data/878467/000119312523126719/d431141dex99p14.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) [Power of Attorney for **Robert W. Litle** incorporated by reference from Post-Effective Amendment No. 35 to Registration Statement on Form N-4, Reg. No. 33-54924, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 28, 2023.](http://www.sec.gov/Archives/edgar/data/878467/000119312523126719/d431141dex99p15.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) [Power of Attorney for **Ari Lindner** incorporated by reference from Post-Effective Amendment No. 37 to Registration Statement on Form N-4, Reg. No. 33-54924, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 29, 2025.](http://www.sec.gov/Archives/edgar/data/878467/000119312525103960/d934307dex99p7.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) [Power of Attorney for **Thomas J. Tesauro** incorporated by reference from Post-Effective Amendment No. 37 to Registration Statement on Form N-4, Reg. No. 33-54924, on behalf of Empire Fidelity Investments Variable Annuity Account A, filed electronically on April 29, 2025.](http://www.sec.gov/Archives/edgar/data/878467/000119312525103960/d934307dex99p8.htm)

(q) *Letter Regarding Change in Certifying Account* - Not Applicable **  

(r) *Historical Current Limits on Index Gains* - Not Applicable

**Item 28. <u>Directors and Officers of the Insurance Company</u>** 

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Positions and Offices with Insurance Company** |
| Ari Lindner | Director and President |
| Kathryn A. Dunn | Director |
| William J. Johnson, Jr. | Director |
| Robert W. Litle | Director |
| Nancy D. Prior | Director |
| Thomas J. Tesauro | Director |
| David J. Vargo | Director |
| James F. Andrea, Jr. | Head of Client Services & Operations |
| Kerri Bellantoni | Vice President, Human Resources |
| Jason Heath | Chief Investment Officer |
| Maxine Hensel | Chief Operating Officer |
| Andrew McIntosh | Illustration Actuary |
| Sara Liane Latham | Appointed Actuary |
| Brian N. Leary | Vice President, Consumer Services Officer & Chief Compliance Officer |
| Miles Mei | Chief Financial Officer and Treasurer |
| Robert G. Regan | Chief Risk Officer |
| Jeffrey Scobee | Head of Technology Vice President, Technology Management |
| Lance A. Warrick | Vice President, General Counsel and Secretary |

---

The principal business address for each person named in Item 28 is 900 Salem Street, Smithfield, Rhode Island 02917.

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##### [**Table of Contents**](#toc)
**Item 29. <u>Persons Controlled By or Under Common Control with the Insurance Company or the Registered Separate Account</u>** 

The Depositor, Empire Fidelity Investments Life Insurance Company, is 100% owned by Fidelity Investments Life Insurance Company, a Utah Corporation. Fidelity Investments Life Insurance Company is 100% owned by FMR LLC. FMR LLC has numerous subsidiaries, including the following financial services providers:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Brokerage Services LLC, a Delaware limited liability Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Distributors Company LLC, a Delaware limited liability Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Workplace Investing LLC, a Delaware limited liability Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Insurance Agency, Inc., a Massachusetts Corporation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Investments Institutional Operations Company LLC, a Delaware limited liability Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Management & Research Company LLC, a Delaware limited liability Company (advisor to the
Fidelity Funds including the Variable Insurance Product Funds named in the prospectus)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Digital Brokerage Services, LLC, a Delaware limited liability Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fidelity Prime Financing LLC, a Delaware limited liability Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Green Pier Fintech LLC, a Delaware limited liability Company

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• National Financial Services LLC, a Delaware limited liability Company

**Item 30. <u>Indemnification</u>** 

FMR LLC and its subsidiaries own directors' and officers' liability reimbursement contracts (the "Policies"), issued by National Union Fire Insurance Company, that provides coverage for "Loss" (as defined in the Policies) arising from any claim or claims by reason of any breach of duty, neglect, error, misstatement, misleading statement, omission or other act done or wrongfully attempted by a person while he or she is acting in his or her capacity as a director or officer. The coverage is provided to these insureds, including Empire Fidelity Investments Life, to the extent required or permitted by applicable law, common or statutory, or under their respective charters or by-laws, to indemnify directors or officers for Loss arising from the above-described matters. Coverage is also provided to the individual directors or officers for such Loss, for which they shall not be indemnified, subject to relevant contract exclusions. Loss is essentially the legal liability on claims against a director or officer, including damages, judgements, settlements, costs, charges and expenses (excluding salaries of officers or employees) incurred in the defense of actions, suits or proceedings and appeals therefrom.

There are a number of exclusions from coverage. Among the matters excluded are Losses arising as the result of (1) fines or penalties imposed by law or other matters that may be deemed uninsurable under the law pursuant to which the Policy is construed, (2) claims brought about or contributed to by the fraudulent, dishonest, or criminal acts of a director or officer, (3) any claim made against the directors or officers for violation of any of the responsibilities, obligations, or duties imposed upon fiduciaries by the Employee Retirement Income Security Act of 1974 or amendments thereto, (4) professional errors or omissions, and (5) claims for an accounting of profits in fact made from the purchase or sale by a director or officer of any securities of the insured corporations within the meaning of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any state statutory law.

A $100 million limit (policy aggregate limit) and a $500,000 deductible apply to Loss for which the directors and officers are indemnified by Empire Fidelity Investments Life Insurance Company. A $10 million limit (policy aggregate limit) and a $0 deductible apply to Loss for which the directors and officers are not indemnified by Empire Fidelity Investments Life Insurance Company.

New York law (N.Y. Bus. Corp. 722) provides, in part, that a corporation may indemnify a director, officer, employee or agent against liability if he acted in good faith and in a manner he reasonably believed to be in the best interests of the corporation and, in respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.

The Text of Article VI of Empire Fidelity Investments Life Insurance Company's By-Laws, which relates to indemnification of the directors and officers, is as follows:

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##### [**Table of Contents**](#toc)
ARTICLE VI

INDEMNIFICATION

Section 6.1. Indemnification of Directors, Officers, Employees and Agents. Any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (including any action or suit by or in the right of the Corporation to procure a judgment in its favor) by reason of the fact that he is or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, shall be indemnified to the extent permitted by the laws of the State of New York, against expenses (including attorney's fees), judgments, fines and amounts paid in settlement of such action, suit or proceeding. The indemnification expressly provided by statute in a specific case shall not be deemed exclusive of any other rights to which any person indemnified may be entitled under any lawful agreement, vote of shareholders or disinterested directors or otherwise, both as to action in his official capacity and as to action in another capacity while holding such office, and shall continue as a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.

The Board of Directors may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture or trust or other enterprise against any liability incurred by him in any such capacity or arising out of his status as such, whether or not the Corporation would have the power to indemnify him against such liability.

Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers, and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling person in connection with the securities being registered), the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

**Item 31. <u>Principal Underwriters</u>** 

(a) Fidelity Brokerage Services LLC acts as distributor for other variable life and variable annuity contracts
registered by separate accounts of Fidelity Investments Life, and Empire Fidelity Investments Life Insurance Company.

(b) Management

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| | |
|:---|:---|
| **Name and Principal Business Address** | **Positions and Offices with Underwriter** |
| Robert R. Mascialino | Director, Chief Executive Officer, and President |
| Lisa D. Krieser | Assistant Secretary |
| Kevin M. McLaughlin | Chief Financial Officer |
| Gail R. Merken | Chief Compliance Officer |
| Michael Shulman | Assistant Treasurer |
| Charles Sturdy | Secretary and Chief Legal Officer |

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The address for each person named in Item 31(b) is 900 Salem Street, Smithfield, Rhode Island 02917.

(c) Compensation to the Distributor:

The following aggregate amount of commissions and other compensation was received by the principal underwriter, directly or indirectly, from the Registrant for this and other variable annuity contracts issued by the Depositor, during the Registrant's last fiscal year:

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| | | | | |
|:---|:---|:---|:---|:---|
| **(1)**<br> **Name of Principal**<br> **Underwriter** | **(2)<br>Net Underwriting<br>Discounts and<br>Commissions** | **(3)<br>Compensation<br>on Redemption** | **(4)<br>Brokerage<br>Commissions** | **(5)<br>Other<br>Compensation** |
|  Fidelity Brokerage Services LLC | $587000 | $0 | $0 | $0 |

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##### [**Table of Contents**](#toc)
**Item 31A. <u>Information about Contracts with Index-Linked Options and Fixed Options Subject to a Contract Adjustment</u>** 

(a) For any Contract with Index-Linked Options and/or Fixed Options subject to a Contract Adjustment offered
through this registration statement, provide the information required by the following table as of December 31 of the prior calendar year:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Name of<br> Contract | Number of<br>Contracts<br>outstanding | Total value<br>attributable to<br> the Index-<br> Linked Option<br> and/or Fixed<br> Option subject<br> to a Contract<br>Adjustment | Number of<br>Contracts sold<br>during the prior<br>calendar year | Gross premiums<br>received during<br>the prior<br> calendar year | Amount of<br>Contract value<br>redeemed<br> during the prior<br> calendar year | Combination<br>Contract<br> (Yes/No) |
| Not Applicable | Not Applicable | Not Appliable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |

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**Item 32. <u>Location of Accounts and Records</u>** 

The records regarding the Account required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and Rules 31a-1 to 31a-3 promulgated thereunder, are maintained at Empire Fidelity Investments Life Insurance Company at 640 Fifth Avenue, New York, New York 10019.

**Item 33. <u>Management Services</u>** 

The contracts for management-related services between (a) Fidelity Investments Life and Empire Fidelity Investments Life is summarized in Part B. Payments under these contracts for 2025, 2024, and 2023 were $5,489,537, $5,693,076, and $5,159,870, respectively.

**Item 34. <u>Fee Representation and Undertakings</u>** 

Empire Fidelity Investments Life Insurance Company hereby represents that the aggregate charges under the variable annuity policy ("the contract") offered by Empire Fidelity Investments Life Insurance Company, under this registration statement, are reasonable in relation to services rendered, the expenses expected to be incurred, and the risks assumed by Empire Fidelity Investments Life Insurance Company.

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##### [**Table of Contents**](#toc)
<u>SIGNATURES</u> 

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, Empire Fidelity Investments Variable Annuity Account A, certifies that it meets all of the requirements for effectiveness of this registration statement under rule 485(b) under the Securities Act and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Smithfield, and State of Rhode Island, on this 30th day of April, 2026.

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| |
|:---|
| <u>EMPIRE FIDELITY INVESTMENTS VARIABLE ANNUITY ACCOUNT A</u> |
| (Registered Separate Account) |
| <u>By: EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY</u> |

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| | | | |
|:---|:---|:---|:---|
| By: | /s/ \* | Attest: | /s/ Lance A. Warrick |
|  | Ari Lindner |  | Lance A. Warrick |
|  | President |  | Secretary |

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EMPIRE FIDELITY INVESTMENTS LIFE INSURANCE COMPANY

(Insurance Company)

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| | | | |
|:---|:---|:---|:---|
| By: | /s/ \* | Attest: | /s/ Lance A. Warrick |
|  | Ari Lindner |  | Lance A. Warrick |
|  | President |  | Secretary |

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Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated and on this 30th day of April 2026.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Signature** | **Title** | **Date** |  |  |
| /s/ \* |  |  |  |  |
| Ari Lindner | President and Director | April 30, 2026 |  |  |
| /s/ \* |  |  |  |  |
| Miles Mei | Treasurer | April 30, 2026 |  |  |
| /s/ \* |  |  |  |  |
| Kathryn A. Dunn | Director | April 30, 2026 | By: | /s/ Lance A. Warrick |
| /s/ \* |  |  |  | Lance A. Warrick<br> (Attorney-in-Fact)\* |
| William J. Johnson, Jr. | Director | April 30, 2026 |  |  |
| /s/ \* |  |  |  |  |
| Robert W. Litle | Director | April 30, 2026 |  |  |
| /s/ \* |  |  |  |  |
| Nancy D. Prior | Director | April 30, 2026 |  |  |
| /s/ \* |  |  |  |  |
| Thomas J. Tesauro | Director | April 30, 2026 |  |  |
| /s/ \* |  |  |  |  |
| David J. Vargo | Director | April 30, 2026 |  |  |

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## Ex-99.(K)

**Exhibit (k)**![LOGO](g103432dsp9.jpg)

FMR LLC 245 Summer Street <br> Boston, MA 02210 617-563-7000

April 30, 2026

Board of Directors

Fidelity Investments Life Insurance Company

900 Salem Street

Smithfield, RI 02917

Ladies and Gentlemen:

In my capacity as General Counsel of Empire Fidelity Investments Life Insurance Company ("Empire Fidelity Life"), I have provided legal advice to Empire Fidelity Life with respect to the existence of Empire Fidelity Investments Variable Annuity Account A (the "Account") pursuant to Section 4240 of the New York Insurance Law. The Account was established by Empire Fidelity Life on July 15, 1991, for the investment of assets held under certain variable annuity contracts (the "Contracts"). I have participated in the preparation and review of Post-Effective Amendment No. 38 to the Registration Statement on Form N-4 for the registration of the Contracts with the Securities and Exchange Commission under the Securities Act of 1933, as amended, Reg. No. 33-54924, and the registration of the Account under the Investment Company Act of 1940, as amended.

I am of the following opinion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Empire Fidelity Life is duly organized and validly existing under the laws of the State of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Account is duly organized and validly existing as a separate account of Empire Fidelity Life under the laws
of the State of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The portion of the assets to be held in the Account equal to the reserve and other liabilities for variable
benefits under the Contracts is not chargeable with liabilities arising out of any other business Empire Fidelity Life may conduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The Contracts, when issued as set forth in the Registration Statement, will be legal and binding obligations of
Empire Fidelity Life in accordance with their terms.

In arriving at the foregoing opinion, I have made such examination of law and examined such records and other documents as I judged to be necessary or appropriate.

I hereby consent to the filing of this opinion as an Exhibit to the Registration Statement, and to the reference to my name under the heading "Legal Matters" in the Statement of Additional Information.

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| |
|:---|
| Very truly yours, |
| /s/ Lance A. Warrick |
| Lance A. Warrick |
| General Counsel |

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## Ex-99.(L)

**Exhibit (l)** 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the use in this Post-Effective Amendment No. 38 to the Registration Statement on Form N-4 (No. 33-54924) (the "Registration Statement") of our report dated April 30, 2026 relating to the financial statements of Empire Fidelity Investments Life Insurance Company and consent to the use in the Registration Statement of our report dated April 30, 2026 relating to the financial statements of each of the subaccounts of Empire Fidelity Investments Variable Annuity Account A indicated in our report. We also consent to the references to us under the heading "Experts" in such Registration Statement.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

April 30, 2026